Word: smarted
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Dates: during 1990-1999
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...York some of the newer designers seemed to be talking only to one another. Sui, a smart stylist who is capable of authentic downtown chic, concentrated instead on jarring outfits that needed translation, either to fit the body or to decipher where they might possibly be worn. Britain's Tonya Sarne, who designs Ghost and was a big hit last year, seemed intent on damning British society rather than selling beautiful or interesting clothes. Bizarrely, several outfits were named for Prime Minister John Major. They consisted of clashing hodgepodges of colors, stripes, prints and waiflike little dresses that exposed...
There are all incredibly smart moves. They will benefit Yale's students and employees and will almost certainly set off an economic chain reaction that will help to review New Haven and the university...
...last however, Yale's new president, Richard C. Levin, himself a 23-year resident of the Elm City, seems to have gotten smart. His plan is exactly what Yale and New Haven need...
Things are good. The U.S. is lean and mean and at peace. Free trade is a priority, as are deficit reduction and education. Technology races ahead. We have a smart guy running the Federal Reserve (Greenspan) and another smart guy (Robert Rubin) advising the President -- who's damn smart himself. All of this bodes well. But the stock market in the short term doesn't care about any of that. It cares mainly about interest rates. You can argue that with the economy finally in gear, commodity prices and labor costs will begin to edge up. (Could the Teamsters strike...
...natural correction. The more unsettling news is happening off the casino floor. For it is there, in the back room, that the big boys have been playing an even faster and bolder game, the outcome of which can affect the little guy's winnings. Much of the smart money is really riding on computer-generated, hypersophisticated financial instruments that use the public's massive bet on securities to create a parallel universe of side bets and speculative mutations so vast that the underlying $14 trillion involved is more than three times the total value of all stocks traded...