Word: core
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...European stocks is feeling their pain. When interest rates dropped in the early 1990s, insurers began to load up on equities at the expense of real estate and their traditional investment mainstay, bonds. For almost a decade, rising stock prices brought substantial rewards, often helping to mask losses in core insurance operations. By the year 2000, European insurers' holdings of stocks collectively exceeded that of bonds. Insurers became the biggest investors in equity markets, alongside banks, holding more than 20% of the total European capitalization. Topping the list is Austria, whose insurers owned more than 50% of its domestic equity...
...Overall, melding their economies with the west is expected to boost the incomes of people in the accession countries. But before reaching this promised land there will be higher unemployment and a growing gap between rich and poor as inflation hits basics like food and energy. And Europe's core economies may not prove quite the locomotive the new riders had hoped. Existing members are constrained by E.U. rules that curb their powers to lower taxes or run deficits even as growth slumps. And public expectations in the candidate countries are out of whack. "People have in mind the systemic...
Though specific new policies adopted by individual clubs remain tightly under wraps, leaving the impetus for those changes open to much speculation on campus, no one denies that the club scene is being shaken to its core...
...Before Davis came along in the 1960s, physicists were convinced that the Sun's heat came from nuclear fusion the same process that powers the H-bomb - but they had no proof. But Davis realized that fusion reactions at the sun's core should generate neutrinos, elusive particles that would escape and fly all the way to, and through the Earth. He put a detector deep underground to screen out other stray particles, and, sure enough, there were the neutrinos...
Presently, Hammonds is working on a book about history, science and race in the United States. Though she is not teaching this semester, she says that she would like to offer a Core course on race and the history of science...