Word: ultrashort
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...Around parts of the Sunbelt, young collegians and high schoolers have begun aping the University of Oklahoma's star linebacker, Brian Bosworth, who has been seen sporting a streak of black on one side of his blond hairdo and an ever changing rainbow effect on the other side. His ultrashort hair, however, sometimes presents problems: the color occasionally refuses to hold. New York University Freshman Paul Nagle prefers to highlight his brown waves with an electric shade of aubergine to complement his camouflage fatigues. He calls the fad a kind of "Disney rebellion." Says Nagle: "It's a symbol...
...beginning of a slow and steady climb that could leave us at 2% by the end of the year and at 3.5% by the end of 2005. Yields on cash and investments people use as cash stand-ins--bank accounts, money markets, short-term Treasury bills and CDs, even ultrashort-bond funds--directly benefit. As rates rise, how can you make the most of your cash...
...rates hovered at abysmal levels, some investors boosted returns with near cash equivalents, such as ultrashort-bond funds, which returned an average 0.93% over the past year, about double what money-market funds did. If you have a chunk of cash you won't be tapping for a year or so--perhaps college-tuition bills are on your horizon--you might try a fund like SSgA Yield Plus, with a 30-day yield of 1.17%, or Fidelity Ultra-Short Bond, yielding 1.33%. Just remember: as rates rise, bond prices fall, offsetting some of that extra yield. And if you sell...
...tell the difference between rich women and white trash. I see women in Manhattan wearing leopard-print miniskirts, bustiers and stiletto heels, with platinum-blond hair, and the only way I can infer class distinctions is by the size of the dog they're walking. And with the ultrashort miniskirt coming into fashion, it was more pressing than ever that I find out how to differentiate haute couture from the Jersey mall...
Those early minis were also something of a joke, of course. Some Quant creations consisted of less material than a Victorian hanky and-at eleven inches above the knee-barely covered the area once reserved for underwear. On the way up from the pert Chelsea shopgirl look, the ultrashort skirt was given the imprimatur of couture by Parisian Designer André Courrèges in the middle '60s. The mini's bon voyage across the Atlantic was largely the work of Enfant Terrible Rudi Gernreich, who was not only the first U.S. designer to bare the thigh...