Word: vanguardism
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Dates: during 1990-1999
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...both of which surged in the last trading session before Y2K, neither has been able to match the NASDAQ comebaq. That index's outperforming of both the Dow and the S&P may make 1999 the year tech stocks finally silenced their naysayers. "The NASDAQ represents the vanguard of the American economy," says TIME senior business writer Bernard Baumohl. "Many of the companies represented on the index are going to be the winners in the next ten or twenty years because they're on the cutting edge of innovation and growth in the American economy." And that's going...
MUTUAL-FUND TAX DODGE On average, domestic mutual funds lose 2.5% of their total returns to capital-gains taxes, and few companies advertise their aftertax performance. Vanguard has become the first big firm to do so; others may follow. Until then, tax-minded investors--those investing outside an IRA or 401(k)--can find about 30 funds that are actively managed to minimize the tax hit. Here are a few top performers...
...Vanguard...
...attack the ozone. And early CFC substitutes, though less destructive, were still not ideal. Last year Iceland brought out a brand of appliances cooled by isobutane, which does no harm to the atmosphere. On the food front, Walker tries to be a purist. He's been in the vanguard of the European campaign against genetically altered food and has now banished all artificial colors and flavors from Iceland-label products...
...most students? A referendum on abolishing the council would be timely, and would certainly bring more than 16 percent of upperclass students to the polls. As it stands, the council is no longer necessary, and its claims to legitimacy are tenuous. Perhaps it is fitting that Harvard students, the vanguard of the species, would get by just fine in the state of nature without government. At any rate, students have outgrown the council, and would do well to abolish...