Word: staking
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...once asked his adviser Dick Morris to rank him among the Presidents ("You are right on the cusp of making third tier," the consultant replied). And early this year, buoyed by his balanced-budget agreement with Congress and the success of welfare reform, he began trying to stake out the meaning of Clintonism, promising that 1998 would be a "year of vigorous action [to] shape the century to come...
Perhaps the mood was so much rosier this time because there was so much less at stake. The First Lady's latest mission was, well, First Lady-like: to train the spotlight on what the White House calls "America's Treasures"--historic and cultural sites that have been so neglected that many could be lost. She began her trip at the Smithsonian, where the flag that in 1814 inspired Francis Scott Key to write The Star-Spangled Banner is faded and deteriorating. Other stops ranged from the New Jersey laboratory where Thomas Edison came up with more than half...
...profile. Those who spoke Russian did so in an archaic St. Petersburg accent that has all but disappeared. Some, such as the mayor of Palm Beach, Fla., Paul Ilinsky, never learned the language. They were restrained in their comments on Nicholas and made no claim to any stake in Russia's political future...
...something was happening," Moritz recalls. "Jerry and David had developed something for themselves that, I think probably to their great surprise and consternation, was as attractive to other people as it was to them." Moritz took a gamble on the entrepreneurs and gave them $1 million for a 25% stake (it turned out to be a good bet--that stake would now be worth around $2 billion). Stanford told them they could keep the venture on campus at least initially, which they did. And they called themselves Yahoo...
...recent months to cut their losses as the stock goes up. But such panicky buying only serves to raise prices higher still. So do hopes that a FORTUNE 500 giant will pour big bucks into an Internet company. Disney did just that last month when it acquired a 43% stake in InfoSeek, the third largest Internet search engine, in a widely watched transaction that valued Infoseek at more than $1 billion...