Word: steeped
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Dates: during 1990-1999
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Gillett personally relishes skiing "steep and deep," which is not a bad metaphor for his investment style. Like his earlier Vail venture, Gillett II rests on a mountain of junk securities, although these cost a mere 12.5% interest, well below the nosebleed rate for his last go-round. And this time he has two big partners: the John Hancock Mutual Life Insurance Co., which owns 50% of the ski operations, and the Canadian Imperial Bank of Commerce, which has 10%. Says Gillett, who has a hard time containing his optimism: "The demographics are with us. Skiing is at the same...
...cheering their teams enough, but that was not the case in the Harvard-North Carolina quarterfinal game of the NCAA women's soccer tournament last Saturday down in Chapel Hill. A loyal contingent of Harvard fans and parents made the trek all the way to Chapel Hill, paid the steep $7 ticket price and loudly voiced their support of the Harvard team...
...more than 5 million cases of HIV, more than any other single nation in the world. Unlike the U.S., where the rates of HIV infection have stabilized, South and Southeast Asia are still in a phase in which the growth in number of infected people is alarmingly steep...
...decor leaves a lot to be desired, unless one is a fan of neon signs, plastic tablecloths and tacky wall murals. Don't expect to find chopsticks (without a special request) or matching silverware either. If a patron survives the steep staircase down to the basement, the bathrooms are even more repulsive, stinking of human fertilizer...
Call it trickle-down politics. No one realized in 1984 that the Reagan Revolution would eventually seep down and destroy liberalism in its safest sanctuaries. But the Reagan deficits, and the critique of government spending they bolstered, led to a steep decline in federal aid to urban areas, from $64 per city resident in 1980 to $29 in 1993. The inability to spend money has reached America's big cities, and it has done to liberalism there what it did to national liberalism a decade ago. To survive, mayors have had to either find new sources of money...