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Word: vanguardism (lookup in dictionary) (lookup stats)
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...original design specifications. While it is not sophisticated by U.S. standards, it has made valuable contributions to the body of scientific knowledge. By comparison, America's aerospace program has been historically bloated, redundant and rife with its own spectacular failures, including the Hubble Space Telescope, Apollo 13, failed Vanguard launches and, yes, the unfortunate deaths in the Challenger disaster. I applaud the joint space effort. There is no need for a space race among nations, but there is a need for an international effort to build a path into space that is safe and cost-effective and returns a broad...

Author: /time Magazine | Title: Letters: Aug. 18, 1997 | 8/18/1997 | See Source »

...worth noting that even with all the adjustments since the '87 crash, another meltdown is quite possible. And that hasn't been lost on a number of institutions quietly preparing for the worst. Some of the nation's largest mutual-fund companies, like Vanguard and Fidelity, have detailed battle plans should the market fall apart. Brokerage firms seem less frenetic but no less prepared, as is the government. Maybe these parties aren't as sanguine about the markets as they would have us believe...

Author: /time Magazine | Title: WALL STREET'S DOOMSDAY SCENARIO | 8/4/1997 | See Source »

About 75% of the money in stock-index mutual funds is tied to the S&P 500. The biggest of those funds, the Vanguard Index 500, has $44 billion and is rapidly closing in on the nation's biggest stock fund, Fidelity Magellan ($58 billion), which is not an index fund. Stock-index mutual funds are only a small part of the story, though. Pension-fund managers have been indexing for two decades to ensure that they earn a market rate of return. They have some $600 billion to $700 billion tied...

Author: /time Magazine | Title: STOP BAD-MOUTHING THE INDEX FUNDS! | 7/28/1997 | See Source »

Plans were formed at a gallop. Marion bought an empty Spanish Baptist church turned art gallery and hired New York architect Richard Gluckman, who was known for his design of the Warhol museum in Pittsburgh, Pa., and the site of SITE Santa Fe, an ambitious biennial exhibition of vanguard art that the Marions also helped fund. Not without a certain symmetry, if one's taste runs to icons of the Western spirit, Peter Hassrick, the former director of the Buffalo Bill Historical Center in Cody, Wyo., was hired to fill the same role at the O'Keeffe...

Author: /time Magazine | Title: ART: O'KEEFFE ENSHRINED | 7/28/1997 | See Source »

...villagers strode to the polls in San Andres Calpan, southeast of Mexico City, Bermeo, 21, rode up on a neon-colored bicycle. Wearing a fringed vest and oversize rainbow-colored sunglasses, he swaggered into a booth to mark the first ballot of his life--and step into the vanguard of a democratic revolution. No way, he said, would he vote for the authoritarian Institutional Revolutionary Party (P.R.I.), which has ruled Mexico virtually unchallenged since 1929. "Every week I have to go to Mexico City to find work because P.R.I. corruption has left this town with no money for jobs," Bermeo...

Author: /time Magazine | Title: MEXICO: THE YOUNG AND THE RESTLESS | 7/21/1997 | See Source »

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