Word: tappingly
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Dates: during 2000-2009
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...zero in on in on Tony Soprano's e-mail orders to his henchmen while filtering out Carmela Soprano's gossip sessions with her sister and Tony Jr.'s visits to a Pokemon chat room. "This is a better minimization than what we do with headphones on a telephone tap," says one official...
...safe investments more akin to bonds--have heated up this year, gaining around 5% in a choppy market. Warren Buffett and Bill Gates have made bets on the sector, investing in MidAmerican Energy and Avista, respectively. Stodgy, flat-footed utilities aren't going bankrupt, as predicted, but restructuring to tap the competitive markets. Given their background, though, it's not an easy switch. "These companies didn't consider themselves to have customers--they were called ratepayers," says Michael Egan, CFO of Peco Energy, the $5 billion Philadelphia-based giant that just merged with Unicom...
DIED. HAROLD NICHOLAS, 79, acrobatic tap dancer who with his older brother Fayard helped break the color barrier in Hollywood musicals; in New York City. Early in their career, the brothers' dizzying footwork and preternatural elegance was displayed onscreen, though never in the same scenes as their white counterparts. In 1948, however, their virtuosity landed them alongside Gene Kelly in The Pirate. The brothers awed such dance-world luminaries as Fred Astaire and Mikhail Baryshnikov, who called the Nicholas brothers "the most amazing dancers I've ever seen in my life--ever." They were honored by the Kennedy Center...
...took tap-dancing lessons four towns away. Was four towns enough...
There's a hitch, of course. If you need to tap your tax-deferred savings early, you'll pay a penalty. And at some point, you must begin taking minimum amounts out or pay another penalty. Worse, with a tax-deferred account, you or your estate will eventually get socked with income tax on withdrawals at federal rates up to 39.6%--not the relatively friendly capital-gains rate of 20% that applies to other long-held investments. Still, tax-free growth far outweighs any of the negatives that come with it--for most of your life...