Word: thinning
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Glassman and Hassett are a different breed. They predict that the Dow will go to 36,000 in short order, gaining something like 35% a year for the next four years. Now there's a thin bough. They believe investors are revaluing stocks to a permanently higher plateau. It's a fun argument but boils down to familiar ground: diversified portfolios are superior and safe if held for long periods. A growing awareness of that idea is bringing more investors into the market at ever higher prices, inflating the average stock's price-to-earnings multiple from...
...anti-politician. It only takes a couple of Jesse Venturas bashing organized religion to remind us why we've been electing those loathsome politicians to office all these years in the first place. And as columnist E.J. Dionne Jr. '73 wrote yesterday, Ventura's act is already wearing thin. By the time Ventura-style brashness no longer seems like such a smart political move, will it be too late for Bush to change gears and start acting like a grown...
...polluted capital of Hunan. Peiji, who made his way to Taiwan with the retreating KMT, lives very unquietly in neon-struck Taipei. He is president of CTS, one of Taiwan's main TV networks. As boys they were indistinguishable. Now their faces tell very different stories: Peiyuan's face, thin and ravaged, is the story of a China that Mao wrought, with its famines, executions, and harsh labor camps. Peiji's face, fleshy and grinning, is the story of another China, a military dictatorship that became the industrious and democratic society of today's Taiwan...
What next? Two scoops of "Smart Genes" in Kellogg's Raisin Bran? There is a thin line between medical achievements for neurological diseases and manipulating nature...
...successes that have the idea of a nuclear "umbrella" edging closer to approval by the Clinton administration. For TIME Pentagon correspondent Mark Thompson, it?s a dubious triumph of lowered expectations. "It?s not Reagan?s ?Star Wars,' which was space-based," he says. "This is the so-called ?thin shield,? which consists of a smaller amount of interceptors [100] from a single site, rather than a full umbrella. Technically, it?s easier to build, but it also wouldn?t defend against a full-scale assault...