Word: terming
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Dates: during 1990-1999
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...question for the U.S. economy as Wall Street stumbles through a summer of pratfalls. The great bull market of the 1990s has pumped $9 trillion into investment portfolios and encouraged Americans to spend some of their gains--a trend that has helped sustain prosperity. But the "wealth effect"--the term economists use for the urge to splurge when we feel rich but to pull back when we feel poorer--could pound the economy if we see more days like last Tuesday, when the Dow Jones industrial average dropped 299 points. It was the Dow's third-largest single-day fall...
...Pullman's deals are the only ones of their kind, though Nomura Capital Entertainment recently arranged a $15 million loan for Rod Stewart that was secured by the star's future royalties. SPP Hambro is close to cutting a similar deal for slugger Frank Thomas, who has a long-term contract with the Chicago White Sox. Six months ago, former record executive Charles Koppelman formed CAK Universal Credit in partnership with Prudential Securities, and he says he'll close $100 million in entertainer loans--his first deal--by the end of August and that Prudential will bundle them into...
Another guaranteed-savings vehicle Wiener recommends for families that may not qualify for aid is a term life-insurance policy--one that will expire just at the time your child is ready to enter college. If you are a parent under 40, for example, for less than $1 annually per $1,000 of death benefits, you can ensure that the money will be there when your child is ready to enter college, even if you are not around...
...three-day cruise, including airfare, compared with $648 on the Royal Caribbean line's Nordic Empress). The ship is heavily subscribed for now, partly because passengers who booked early sailings that had to be canceled were given tickets with 25% off on late-summer cruises. Disney's long-term goal: luring the 90% of American noncruisers to take the plunge...
Like Bernstein, Robbins--who died last week at 79, after a stroke--was a crossover artist long before the term was coined. In the '50s and '60s, he spent much of his time working on Broadway, staging such landmark productions as Gypsy and Fiddler on the Roof; he made Mary Martin fly in Peter Pan and taught the Jets and the Sharks how to rumble in West Side Story, the urban updating of Romeo and Juliet that was his (and Bernstein's) most enduring contribution to the American musical. But classical dance was his true love...