Word: trickyness
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For those who want to play the market but lack the time or inclination to gamble on specific stocks, mutual funds have been the answer. Stock funds grew by $41.7 billion during 1986, a 33.4% increase, to reach total assets of $166.4 billion. But the number of stock funds, now...
The Soviets have, in fact, seemed somewhat cautious about the military support they now provide Nicaragua. But so far Moscow has been unwilling to abandon the Sandinistas or other Third World clients, claiming that U.S. aid to anti-Marxist forces prevents peaceful settlement of local conflicts. As Oliver North argued...
Humor is an important, yet seldom scrutinized political tool. Achieving the right mix of barbs and self-deprecation can be tricky, but devastatingly effective. So all seven contenders gamely lighted matches for the roast, the first time in the campaign they have been on the same stage.
The final decision on the Monitor will have to await complete analysis of the drone's findings, but there may not be much time. Says Project Archaeologist Barto Arnold: "The wreck is in very bad shape; artifacts are spilling out and being washed away by the current." No more artifacts...
But Rubin was apparently dealing in one of the tricky, relatively untested new types of securities. The bonds that tripped up Merrill Lynch are interest-only/principal-only securities, known as IOPOs. Investment houses create them by buying mortgage-backed bonds -- typically those issued by the Government National Mortgage Association, or...