Word: sunk
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...what's wrong with real estate? Plenty. Anyone who sunk money into publicly traded Real Estate Investment Trusts, or REITs, has been scorched badly. Last year the average REIT stock sank 17% while the Standard & Poor's 500 soared 27%, and REITs' dismal showing has extended into early 1999. Never have REITs lagged the market by such a wide margin. They're more out of favor than a home with peeling paint and shag carpets...
...turned and nodded at the black-clad couple smoking outside as I ducked my head and stepped through a near-invisible door sunk into the back of the building. My brother and I exchanged meaningful glances as we passed over the threshold between the outside world and the first annual Boston Underground Film Festival (BUFF). We knew something was about to happen...
...auto business because everyone with a little extra cash wanted a piece of it. Even tiny Renault piped up that it had French-government backing to acquire a controlling stake in the world's seventh largest carmaker. Renault could afford it because that week Nissan's stock price had sunk low enough so that a 33.4% share (which counts in Japan as a controlling interest) was worth around $2.8 billion--or barely half of what Ford recently paid for Volvo, the world's 21st largest carmaker...
...three men trying to cope with these mid-ether collisions of dollars and expectations are an unlikely team. Greenspan, the data-loving analyst with government roots sunk back into the financial and moral chaos of the Nixon Administration, and a shaman-like power over global markets. Rubin, the Goldman Sachs wonder boy who ran the firm's complex and dangerous arbitrage operations and then led it to rocket-ship international growth. And Summers, the Harvard-trained academic who is invariably called the Kissinger of economics: a total pragmatist whose ambition sometimes grates but whose intellect never fails to dazzle...
...recent years Podhoretz has struck bystanders as dyspeptic and contentious, and in debate as single-minded as a dog with his teeth sunk into a mailman's calf. Mailer has said that in the old days Podhoretz was a merrier man. Perhaps years of contrarian outrage have grimmed down the merriness. But the admirable Podhoretz has always lived by the gospel according to George Orwell: "The fact to which we have got to cling, as to a lifebelt, is that it is possible to be a normal decent person and yet to be fully alive...