Word: zeros
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Dates: during 1990-1999
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...been long in corn instead of Turkey, we would have been up 59.8%, as corn outperformed the Dow Jones industrials by nearly double in 1995. Zero-coupon bonds did even better, up 63.1%. At least we avoided coffee beans, down 43.8%, and Taiwan equities, down 30.6%. So there are some reasons to be thankful, and just as many to be sorry...
...stocks, with Japan, Europe and the Far East leading the pack (source: Michael Metz, Oppenheimer & Co.). The U.S. market did better than most foreign markets in 1995, so a turning of the tables is widely anticipated. Japan is stimulating itself out of a long depression with interest rates near zero. What could be more stimulating than that? Japanese companies missed the personal-computer bonanza, but they may be catching up with new products that turn the dumb TV into a smart...
California, home to 26 million registered automobiles, backed away from passing legislation that would require 2% of all cars sold in the state to be electrically powered within two years. Instead, the state's Air Resources Board proposed giving car manufacturers more time to come up with a marketable "zero emission vehicle" (ZEV). Under the new schedule, 10% of all cars sold in California will be electrically powered...
...drugs that are targeted for deadly diseases, the FDA has stalled the other 83%. "They're terrified of Nader and the left wing," says Senator Hatch, who parted ways with Kessler after a fight over regulating the vitamin industry, which is well established in Utah. "They want zero risk, and there's no way for there to be zero risk in anything." Representative Bliley, a tobacco-industry ally, goes further. The FDA's true mission, he has said, should be "to bring safe drugs and devices to the American people as quickly as possible...
...long way from being a practical vehicle for the long-distance drives in the California market. It's main purpose, McWhirter notes, is as a public relations vehicle. "Most of the anti-Detroit sentiment is focused in California, where they view American cars as polluting and inefficient. So this zero-emissions car will gain GM points...