Word: dollarized
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Dates: during 2000-2000
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...Sayyaf, the most feared Muslim rebel group in the predominantly Roman Catholic Philippines. At midweek the Philippine Defense Secretary confirmed that the hostages were being held by Galib Andang, a.k.a. "Commander Robot," the Abu Sayyaf leader on Jolo and perpetrator of other kidnappings. He wanted a multimillion-dollar ransom. Late in the week Abu Sayyaf allowed a free-lance journalist a glimpse at what the Murphys had avoided: almost all the hostages were ill, hungry and dehydrated. And the captors insisted on new political and economic demands...
...have changed from "Just do it!" to "Just do it our way, or else!" In a disturbing display of industrial and financial power, Nike Chair Phil Knight recently reneged on a promised $30 million donation to the University of Oregon, and the company cancelled a multi-year, multi-million dollar apparel contract with the University of Michigan. The reason: both schools are affiliated with the human rights monitoring group the Workers Rights Consortium (WRC). Nike, a member of the Fair Labor Association (FLA)--a monitoring group backed by the government, several apparel manufacturers and 134 universities, including Harvard--accuses...
...most aren't anywhere near as good as billed. Besides, they can afford to buy an ad. But after spending part of a day exploring netstock.com I believe the site is worth some attention. And not just because it makes kiddie sense. The site offers a new way to dollar-cost-average into stocks. Eventually, it could displace the 700 traditional dividend-reinvestment plans and 600 direct-stock-purchase programs now available through individual companies...
...investing set amounts at set intervals, known as dollar-cost averaging. It guarantees that you buy more shares when prices are low and fewer when prices are high. It's especially effective in volatile markets such as we've seen this year. And if you don't think small amounts add up to big money, think again: $100 a month invested in IBM since 1990 would be worth nearly $62,000 today--and that's after subtracting Netstock's $2 fee per trade...
...plan, you already dollar-cost average. You may do it in some taxable mutual-fund accounts too. But Netstock lets you do it with as few or as many individual stocks as you want, and you choose them. The cost is a fraction of typical brokerage commissions. Another website, buyandhold.com lets you do the same thing at the higher cost of $2.99 per transaction. But that site has certain advantages, such as lower fees for onetime only investments and quicker execution. It's worth a look...