Word: steep
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Mindful of the biennial citywide elections coming on Nov. 4, the Cambridge City Council also voted at the Monday night meeting to allocate $1.85 million in "free cash" to the operating budget to offset the steep property-tax increase Cantabrigians are facing this year...
...anyway. Sure, the indexes are bloated. Anybody can see that. But don't blame the index funds. It's part of a mania that has bloated the entire market. There's good reason to be worried about a steep correction that would hit all stocks. So stick your money in a mattress if you're worried. But if you are committed to owning stocks for the long haul, indexing still makes sense. For one thing, there is scant evidence that major indexes fall harder than most stock funds. In 1987, the year of the crash...
BOSTON: Sounding eerily like Bob Dole, William Weld resigned a job he seemed born to hold in order to fight a steep uphill battle for a position he has slim odds of winning. In stepping down as Governor of Massachusetts to fight Jesse Helms' opposition to his appointment as ambassador to Mexico, Weld said simply, "I don't believe it would be fair to the people of Massachusetts to permit the conduct of their government to become embroiled in the vagaries of Washington politics." Weld now finds himself alienated both from the President who nominated him and his own Republican...
...screaming toward the planet at 16,600 m.p.h., a speed that caused it to experience deceleration forces nearly 20 times as great as than Earth's gravity. In order to survive, the spaceship had to approach the planet at an angle of about 14.2[degrees]. "Go in too steep and you could crash and burn," says Pathfinder project scientist Matthew Golombek. "Go in too shallow and you skip back...
McDonald's store owners have always paid a steep price for access to burger riches: they can operate no other businesses, they have no exclusive territories, and they generally take orders from headquarters in Oak Brook, Ill. Franchisees own nothing other than a 20-year agreement, renewable at the company's option, to equip and run a restaurant in return for 12.5% off the top in royalty and rent. (The rates can be higher for some sites.) They spend a minimum of 4% of sales for marketing. Last year McDonald's got $1.8 billion from its U.S. franchisees...