Word: subterranean
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...credibility. Last year companies in the Standard & Poor's 500 paid out only 37% of their earnings as dividends, an all-time low. The average payout since 1945 is 52%. Corporate stinginess has helped drop the S&P 500 dividend yield (dividend divided by stock price) to 1.6%--so subterranean that merely calling it an all-time low doesn't do it justice. It is less than half the postwar average yield of 4.1% and way below the previous low-water mark...
Under the growing pressure of subterranean steam against the mountain's molten core, the volcano's cap could eventually blow out entirely. Montserrat, not much more than a slender arc of farm and beach land surrounding the volcano, could virtually disappear. More likely, the mountain may keep on belching for months or years, slowly smothering the little island. Already it is a paradise lost for its citizens as fewer than 4,000 cling to their homeland. "If everyone leaves," says Radio Montserrat general manager Rose Willock, who lost her home a month ago, "Montserrat will become just another island that...
...unique: long, meandering, melodic passages that take their own sweet time to work themselves out; jangling, spacey guitar work--all of it threaded together by singer Thom Yorke's yearning tenor, hitting and holding notes with almost operatic emotion. The lyrics display an X-Files-ish romanticism: one song, Subterranean Homesick Alien, is about a man who longs to be abducted by UFOs...
...sent small-town folk scurrying from their local Vesuvius; now Mick Jackson's Volcano has man tamper in God's domain--by daring to build a subway in L.A. The script, by Jerome Armstrong and Billy Ray, thus exploits two major fears of Angelenos: getting demolished by a horrid subterranean force, and having to take public transportation...
There are two Americas: the original American Republic we know from history books and personal experiences, and the subterranean shadow Republic that has been taking shape since the turbulent '60s. It is this struggle between the dying First Republic and the burgeoning Second Republic, not the end of our millennium, that is haunting the American people. The only way to save our national sanity is to acknowledge the existence of the Second Republic so we can deal realistically with the problems that led to its birth. And the sooner the better! MARC RANGEL New York City...