Word: steep
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Dates: during 1990-1999
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...Fidelity Low-Priced Stock Fund and Janus Venture, have temporarily stopped accepting new investors. "There have been closings of funds before, but never so many," says Erick Kanter, vice president of the Investment Company Institute, a money-fund trade group. "Managers need time to plot their investment strategies." The steep growth of mutual funds, which reached a record value of $1.7 trillion last year (see chart), began in earnest in 1989. As interest rates began dropping, profit-hungry investors moved away from low yielding certificates of deposit and treasury bonds to where the action is. Most of the enormous outflow...
...sandslides. Researchers at IBM's Thomas Watson Research Center built an artificial dune, a tiny sandpile sitting on a sensitively balanced plate, to study this behavior in detail. In one experiment, they dropped 35,000 grains of sand onto the pile one by one. As the sides grew too steep -- in some cases, by only a single grain of sand -- avalanches would make the pile collapse. Then it would start growing steeper again, until it was time for the next avalanche...
Last year Goh won a $15,600 government grant to upgrade his factory equipment. He winced when he paid $38,000 for a small Datsun, but says the steep price was worthwhile because it helped the government prevent traffic jams by limiting car ownership. "Overall," he says, "life in Singapore is pretty good." Sultan Ahamed, an ethnic Indian Muslim spice trader with strong family links to his strife-torn homeland, speaks for many Singaporeans when he declares, "What shall I say? This is a paradise...
What better way to enjoy such conditions than by having a mountain in the middle of town? Aspen Mountain, a.k.a. Ajax, certainly has its share of devotees. During skiing hours, its gondola lift moves slowly but constantly up the steep mountain, taking hundreds of vacationers to the top while blocking off wind...
...plop down in a cold puddle of slushy water. You're scooped up off the ground, and you reach to pull down the guard rail. You drop a mitten, then you drop your ski pole. The mitten and the pole land in a stream which runs through a steep, roped-off area...