Word: steeping
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...steep salaries come in a year when the management company was outperformed by most of the nation's colleges and universities, and follow several years of low returns. HMC earned a return of 11.8 percent on the University's $5.1 billion endowment last year...
According to some experts, the article does not explain why tuition at liberal arts colleges has kept pace with research universities. And it does not take into account the tight budgetary belts many schools were forced to don during the steep period of inflation in the late 1970s and early 1980s...
...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...