Word: rubinstein
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Leland's original idea, developed in the mid-1970s with the help of another Berkeley professor, Mark Rubinstein, involved a complex formula by which money managers would make swift, sharp changes in the ratio of cash to stocks in their portfolios as share prices rose or fell. The plan was workable, but because it involved buying and selling large quantities of stocks, it was also relatively cumbersome and expensive...
Suddenly the professors had a salable product. Bolstered by the marketing skills of their new partner, a Bronx-born investment consultant named John O'Brien, portfolio insurance took off. By 1984, Los Angeles-based Leland O'Brien Rubinstein was insuring hundreds of millions in assets. Two years later, the firm had licensed its strategy to half a dozen investment counselors, including Wells Fargo Investment Advisors and Aetna Life Insurance, and the value of covered assets had grown to some $45 billion...
Tchaikovsky conducted there, 16-year-old Jascha Heifetz astonished its audiences, Arthur Rubinstein made his U.S. debut upon its stage. Yet classical concerts are only a part of Carnegie Hall's history. Audiences have been harangued by Winston Churchill, diverted by Lenny Bruce and serenaded by Frank Sinatra, who observed that "performing in Carnegie Hall is like playing in the Super Bowl." These and many more celebrities make dazzling reappearances in Richard Schickel and Michael Walsh's Carnegie Hall: The First 100 Years (Abrams; 263 pages; $49.50), a valentine by two TIME critics who are manifestly in love with...
...career of doing the same operas over and over," he says. "But I am always looking for the unusual or the rarely performed works." The Paris Robert le Diable, the saga of a man who discovers he is a devil's son, was one such project. Another is Anton Rubinstein's obscure The Demon, whose title role was sung by the great Russian bass Feodor Chaliapin; Ramey hopes to perform the part someday...
Many Israelis worry about the moral cost of the occupation. "There is a growing divide between religious and secular Israelis," says Amnon Rubinstein, leader of the small Shinui party. "We are already two different societies." Meron Benvenisti, head of the West Bank Data Project, believes "Israel is becoming a binational state with two systems of government, one for Jews, one for Arabs." He adds, "It is a system that partly integrates the things Israel wants to integrate, like the land, water rights and security zones, and excludes what Israel does not want, like the Arabs...