Word: smarted
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Dates: during 1970-1979
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Heimann began the probe the day after he was sworn into office on July 21. A smart and ambitious moderate Democrat, he has firsthand knowledge of the highflying financial world in which Lance made his fortune. An economics graduate of Syracuse University ('50), Heimann started with the Wall Street investment house of Smith, Barney & Co., promising to quit in two years if he could not create new business in the virgin field of advising labor unions on investing pension funds. "Nothing happened for a year and three-quarters," he recalled. "I worked terribly hard, saw everybody, but nothing happened...
That has changed to a large degree in two respects. One, I no longer think I am smart enough or Washington is smart enough to tell most of the states in this country what to do. We have to give them more flexibility. Second, there is significantly less discrimination than...
...what seemed like a sweeping generalization, Kissinger said, "Business has no perception of its long-range interests." Most corporations, he insisted, "never have a strategy to affect the overall political environment abroad"; instead, their executives think "it is smart politics to placate at almost any cost" the governments of foreign countries. Moreover, he said, when multinationals do get into trouble overseas-for example, when they are threatened with expropriation by other countries-they wait until the eleventh hour before seeking State Department help. "They come to us in their extremity, usually when they have been taken over...
...textbook double play. Only Dean's head and the ball arrived at second in the same painful instant, and Dean rolled onto the bag unsure of whether his hairline was still in one piece. Out came the stretchers, taking him to the hospital for tests (the next day some smart-aleck headline writer would proclaim: "X-Rays of Dean's Head Show Nothing"). Dean's brother Paul, who owned a looping curveball and the nickname Daffy, met the press later. Yes, his brother was conscious as they carted him off the field, Daffy replied; he was talking the whole time...
...Street Smart. Spotting stock market trends takes a special kind of clairvoyance. Marc Howard is, at 36, one of the most successful investors on Wall Street. Though the past three years have been lean and mean for many on the Street, Howard in that time has taken home millions. His secret: "I'm concerned more with the market's perception of a stock than with the reality of the stock itself. I can't afford to buy a stock today because I think it's going to have great earnings...