Word: tilts
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...index portion can run as high as 80% of the fund. Manager picks make up the rest of the portfolio. The funds hold virtually no cash. This unusual approach ensures that the funds will track the market when fund managers see few bargains, but gives them room to tilt hard toward favorite stocks--and outrun the market--when greater values emerge. Of course, it's a matter of how well they pick stocks. That's why 80 years of success managing pensions is so comforting...
Slaves to "Baywatch" and KFC all over the planet have a new savior: Canada has declared war on U.S. pop culture. And this is no solo quixotic tilt against the Golden Arches -- Ottawa got the culture ministers of Britain, Brazil, Croatia, Iceland, Mexico and Senegal, among others, on board for a conference on strategies to counter the global dominance of Americana. Needless to say, Washington was not invited, although the official explanation is that the U.S. has no culture minister. But there may be a commercial motive behind Canada's noble quest: "It's driven as much by the entertainment...
...shots (some disconcertingly so: young Richard Serra looks like a dockland thug; his wife, artist Nancy Graves, like a snaggle-toothed nut). And it's interesting that Close's heads, then and later, work best when they are either strictly frontal or in profile; any turn or tilt of the head, suggesting that the sitter has noticed you, weakens the image...
WASHINGTON: Sen. John McCain, the Quixote of campaign finance reform, has a new windmill to tilt at: Getting the long-stalled tobacco deal signed into law. An early draft summary of the bill reveals that McCain's Senate Commerce Committee, needing to please Democrats, Republicans, the White House and C. Everett Koop all at once, has come up with a far harsher version of the agreement that Michael Moore and the state Attorneys General hammered out with Big Tobacco in June...
...earlier immunity deal with Lewinsky. And Clinton lawyer David Kendall wants Johnson to plug grand jury leaks he says are coming from Starr. During Watergate, John Sirica used the same judicial perch to prod along the investigation of President Nixon. Court watchers familiar with Johnson's pro-government tilt wonder which way it will lead her: to favor the special prosecutor who formally represents the government, or the President he seems intent on bringing down...