Word: stockings
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...Magellan, once the largest stock fund of any kind, has seen its assets shrivel to less than half its peak of $110 billion in 2000. It lost its biggest-fund title to the Vanguard Index 500 in April 2000, and isn't even Fidelity's largest fund today-it now trails the $56 billion Fidelity Contrafund. But Magellan remains by far the company's most visible-and hence most important-fund. During half of the years in the 1977-to-1990 tenure of the incomparable Peter Lynch, the fund recorded gains of more than 30%. To some of the company...
...said. But students expecting a non-stop party in lieu of hard work may be disappointed. Zuckerberg characterized his company as “humble,” and added that his salary is just $65,000 per year. Employees will also receive facebook.com stock. Zuckerberg declined to comment on how much the company is worth, saying only that its estimated value is “a lot.” This summer, MySpace, the largest online social networking site, sold for $580 million. Zuckerberg concluded his round of interviews by meeting with two sophomore programmers who discussed the addition...
...colleagues are currently working on a paper to reassess many previous claims about recent natural selection using the new HapMap data. “Natural selection is always a controversial topic,” she said, “so it’s very important that we take stock carefully.” The HapMap was born four years ago when Mark J. Daly, now an assistant professor in the Center for Human Genetic Research at Massachusetts General Hospital—one of Harvard’s teaching hospitals—and an associate member of the Broad Institute...
Greenspan navigated the economy through the stock-market crash of 1987, two recessions, a global financial crisis in 1998 and the burst Internet bubble in 2000. Assuming (as most do) that the Senate will confirm him for the most powerful economic post in the world, the era of Bernankenomics will begin Feb. 1, under gathering storm clouds. U.S. deficits are at all-time highs, the housing market may be in a bubble of Greenspan's making, and we have the first real whiffs of inflation in years. How will Bernanke steer the ship? For a clue, here are five ways...
...windows touted as hurricane-proof exploded during Wilma and rained shards on posh strands like Miami's Brickell Avenue; thousands of Florida Keys residents dismissed orders to evacuate; lines for gasoline and water stretched for miles just a day after the storm because so many folks had failed to stock up, while state and county officials admitted they hadn't ordered up enough relief supplies; and a remarkable two-thirds of Florida Power & Light's electricity substations shut down, leaving a record 3.2 million customers to wonder in the dark-some perhaps until Thanksgiving-about the utility's pre-storm...