Word: zeros
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California, with the nation's filthiest air, was the first to adopt a radical strategy--ordering automakers to produce zero-emission vehicles. And, as the country's largest auto market--with 1 of every 7 cars sold in the U.S.--it has the clout. Six years from now, under California rules, 10% of new cars offered for sale--about 100,000 a year--must be exhaust-free. But even with the deadline so close, only GM and Honda Motor Co., have been bold enough to target consumers with their electric cars. Other automakers have focused on government and commercial fleets...
Although junior guard Mike Beam has been hitting three-pointers with consistency, Harvard will need a better effort from its role players and bench, which contributed zero points against the Terriers...
...hydrogen gas combines with air to form electricity, water and heat to propel the vehicle with virtually zero emissions. Fuel cell by-products are water and heat...
Thoughts of zero points on the weekend hung heavily over the Crimson bench for another four minutes until sophomore Matt Scorsune broke the spell with the equalizer...
...that brings me to O'Higgins' new strategy: beating the Dow with bonds. O'Higgins sold all his stocks in 1993--missing some great years. For most of that time, though, he was invested in 30-year zero-coupon Treasury bonds, which also did well. This year, for example, zeros are up 23.4%. You know zero about zeros? They are basically bonds whose accrued principal and interest are paid at the end of the term. The bonds are safe if held to maturity, but their trading price whipsaws depending on interest-rate trends. For example, Treasury bonds now yield about...