Word: tested
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Dates: during 1990-1999
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...real test, though, won't come until later, when new investors face the results of their first sustained market decline. An unprecedented 43% of adult Americans are now invested in stocks, up from only 21% in 1990. (That helps explain why we are hearing less Schadenfreude over the discomfort of Wall Street yuppies than in past corrections.) A striking 57% of all household assets today are allocated to equities. Small wonder: the market has doubled just since 1994. But these investors are about to get account statements showing declines of 20% to 30%. Even if they have been...
...high schools and colleges has become a blood sport, self-interest trumps community building most of the time. In Montclair, N.J., lawsuits brought by African-American parents in the late 1980s forced Montclair High School to detrack one course--ninth-grade literature--so that students of all abilities and test scores would sit next to each other and read the same books. School officials say students who previously went unnoticed are flourishing. "Kids have started to find they have a voice in the room," says teacher Dana Sherman. "When you start giving kids a voice, achievement...
Like actively managed funds with larger portfolios, however, only a few of the big bets beat the market. At my request, Morningstar screened for stock funds that hold 35 or fewer stocks today and also met that test in 1995 and 1993. That weeds out new funds and those that were concentrated for only a short time. The screen turned up 31 funds. Only four (Sequoia, New England Growth, Enterprise Growth and Clipper) are beating the market this year. On average, the group of 31 has returned just 12% a year for the past five years...
...defense" continues, even on a Saturday. Clinton lawyer David Kendall issued a second rebuttal, a 42-page addendum to Friday's 73-page installment. It contained further objections to Starr's report that already sound familiar: The President's acts were wrong but "do not even approach the Constitutional test of impeachment -- treason, bribery or other high crimes and misdemeanors... it is plain that sex is precisely what this four-and-a-half-year investigation has boiled down...
...developers said test trials of the program have been positive...