Word: spates
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GIVE IT UP With tech funds down more than 20% on average, 2000 is a good bet to be the first time in 15 years that the funds lose money. After NASDAQ hit bottom last week, a spate of brokerages issued pleas to stubborn tech-boom day traders to give in and learn to invest rather than just trade. Hot but stable sectors being championed include pharmaceuticals and municipal bonds...
Canadians are generally a tolerant bunch. But last summer the nation of 30 million nearly went berserk when record demand for air travel led to a spate of flight delays, cancellations and lost baggage. Unlike Americans, whose similar woes might come from a dozen airlines and agencies, Canadian flyers had a solo target for their rage: Boston-born Robert Milton, 40, the in-your-face president and CEO of Air Canada, the country's dominant carrier. Newspaper columnist Scott Feschuk, writing in the National Post, summed up the mood neatly: "Dear Bob, Your freaking airline totally sucks. Sincerely, Everyone." Even...
...resulted from the inexperience of Czech bankers and a misguided semiprivatization in which a percentage of shares in leading banks was distributed to citizens through vouchers. That approach produced a deadly cocktail of limited accountability and poor lending practices. The recent spate of bank sell-offs promises to minimize new losses. "This is the end of crony capitalism," says Pavel Kavanek, CEO of the recently privatized Czechoslovak Commercial Bank (CSOB). "The name of the game now is impartial lending." A majority stake in CSOB was sold to Belgium's KBC Bank in mid-1999 for roughly $1 billion. Last February...
...spate of recent tax bills landing on President Clinton's desk, where they will die or have already died, offers a glimpse of what voters can expect under a Gore or Bush Administration next year. Bush supports the bills. He would eliminate the estate tax and marriage penalty and expand tax-deferred savings for everyone. Gore opposes them, preferring modest tax cuts targeted at middle- and lower-income households...
...Robin Hood ideologues, battling Western overlords and NATO in pursuit of Greek interests, and in defense of Greece's onetime close allies the Serbs. When NATO launched its 1999 bombing blitz of Yugoslavia, 17 November, plus a sideshow of some 80 extremist groups, retaliated in Greece with a spate of bomb and rocket attacks that led the U.S. State Department to rank Greece, a NATO ally, second only to Colombia in worldwide stings against U.S. interests last year. A congressionally mandated commission followed, recommending that the U.S. consider sanctions against Athens for its "disturbingly passive response" to terrorism. R. James...