Word: stocke
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Dates: during 1990-1999
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Matel Dawson has worked and sweated as a forklift driver in Dearborn, Mich., for nearly 60 years, often clocking 84 hours a week. He has spent scarcely anything on himself, preferring to invest heavily in the stock of his employer, Ford Motor Co. He could have been one of those millionaires next door you read so much about, living frugally while piling up money for a lavish retirement...
Fully half of Dawson's pay--about $24 an hour plus overtime--goes directly, by payroll deduction, into Ford's employee stock-purchase program. Since he began buying Ford stock in 1956, it has returned 13.7% a year on average, outpacing...
...work inside buildings and in urban areas. So Iridium has been forced to rejigger its target audience from globe-trotting yuppies with big egos and bigger expense accounts to a decidedly different niche: mariners, oil-rig workers and the military. That glamour hemorrhage has turned Iridium?s once-$70 stock into a $6.75 dog. And the competition has come in droves ? companies like Ellipso, Vodafone and Teledesic (which wants to up the ante with an Internet-in-the-sky), arriving late, have benefited from improved technology and learned from Iridium?s mistakes. Meanwhile, the first star in the sky could...
...naturally outstrip price pressures, and the other eye on a shaky Latin America, the Fed chairman isn?t anxious to raise rates. But some of his FOMC colleagues at that big mahogany table have been getting antsy about the Fed?s turning into a paper tiger, kowtowing to the stock market and letting the economy run wild and free. This week?s numbers give Greenspan a perfect reason not to listen. "There?s just no justification for a hike right now," says Baumohl, and plenty of reasons for maintaining the status quo ? mainly that a tightening in the U.S. could...
...past two weeks have been just long enough to get everyone back on pins and needles again. Well, never mind. The Producer Price Index for June, which measures inflation before it hits the consumer, actually dipped an unexpected 0.1 percent, reported the Commerce Department on Wednesday. The stock markets, thus relieved anew about Alan Greenspan?s plans for August, did a little jig at the opening bell ? but then took a dive into negative territory by noon. What gives? Despite the good news, says TIME senior economics reporter Bernard Baumohl, all is not well on the Street these days...