Word: pork
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...both offense and defense. They can bet on some stocks to rise and others to fall. Even when they bet on a stock to rise, they can buy a separate position that cuts their losses if that stock falls sharply. And they can invest in any instrument--stocks, bonds, pork bellies--in any country they want...
...help out. To keep tabs on his skittish members, minority leader Gephardt has divided the Democratic caucus into 10 groups and has been meeting with them regularly to help lower the boil. They're all worried, but about different things: freshmen haven't had the chance to bring home pork-barrel projects; members fighting to survive in marginal races are sifting through their polling data trying to figure out which way to go. Safer veterans need to be bridled before any more of them call for Clinton's head, and members of the black caucus, who by and large have...
...just finished dinner with four Russian businessmen. We paid $750 for five people, and it was a mediocre Chinese meal -- just mu shu pork and Peking duck, nothing spectacular...
...line-item veto, in terms of the money it saved, was always more show than substance," says TIME White House correspondent Karen Tumulty. "But it's much too popular to let go." Despite the slim likelihood of 34 states' ratifying an amendment that aims to cut out state-bound pork, the veto concept is highly marketable. "It'll be a show campaign issue again -- just like it was for the Republicans in 1994," says Tumulty. "It's right up there with term limits." And it conveniently reappears just in time for the election season...
...nation's ailing roads and bridges aren't the only things likely to prosper from the $203 billion highway-spending act President Clinton signed last week. Analysts expect the government's pork-laden largesse to pave the way for solid growth at major cement and aggregate (sand and gravel) providers as public construction projects multiply in the next few years. Firms like Lafarge, Southdown, Martin Marietta Materials and Vulcan Materials will be busy laying down the concrete and asphalt, so look for their relatively affordable shares to keep rolling higher...