Word: yardsticks
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...paying checking accounts, the so-called NOW and super-NOW accounts. The Federal Reserve argues that this development has distorted the M1 numbers and that money is really not growing as fast as statistics suggest. Some economists now consider M1 to be virtually meaningless. "It's a rubber yardstick," says Anthony Frank, president of First Nationwide Savings in California...
Since there is no public market for these stocks until the offering, the entrepreneurs behind the ventures have no accurate yardstick for measuring what they, or their companies, are worth. Finding out is likely to be a pleasant experience for K. Philip Hwang, 46, chairman of Tele Video Systems Inc., and Allen Paulson, 60, chairman of Gulfstream Aerospace Corp. Their companies are among the 145 now in registration with the Securities and Exchange Commission for first-time offerings. Preliminary prospectuses show that, at the prices anticipated by the underwriters, Hwang and Paulson will soon be worth about half a billion...
Before his mission in southern Italy and Sicily. Cameron Carson '84 thought that success could be measured in numbers of converts; after several months he realized that personal growth was a more likely yardstick. Finlayson concurs: "Even if I hadn't taught anyone who converted, it would have been a success just in terms of the broadening of my own horizons." Reported conversion rates are impressive in any case: they range from 20 (Carter) to 50 (Beck...
WELCOME FIRST to the world of the Total Average. Boswell's ingenious statistic, which he modestly trumps as coming "closer to being the ultimate offensive yardstick than anything before it" and which shines in its utter simplicity. To figure Total Average, you add up all the bases a player has accumulated for his team. Count two bases for a double, three for a triple, four for a homer, and don't forget to add in walks, stolen bases, and hit-by-pitches. "All bases. "Boswell notes imperiously, "are created equal." Then add up all the outs a player has made...
Many young risk takers regard their accumulated wealth as a yardstick of success rather than as an end in itself. K.P. (Phil) Hwang, 45, emigrated from Korea in the early '60s and worked as a busboy and waiter while attending Utah State University. In 1975 he used $9,000 in family savings to found Tele Video Systems, a company that makes computer screens and keyboards. Although Hwang is now a multimillionaire, he says that his wife still fusses over utility bills and turns down the thermostat at home...