Word: quantum
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Nevertheless, Rather beat out Mudd for the anchor job, rankling some TV traditionalists in the process. In an effort to keep him from jumping to ABC, CBS gave Rather a record $22 million ten-year contract, a quantum leap in the pay for network journalists. The network also had to ask Cronkite politely to move up his retirement date to accommodate Rather's new contract. Cronkite agreed, but some insiders claim he was never happy about...
Stephen later discerned several new characteristics of black holes and demonstrated that the stupendous forces of the Big Bang would have created mini-black holes, each with a mass about that of a terrestrial mountain, but no larger than the subatomic proton. Then, applying the quantum theory (which accurately describes the random, uncertain subatomic world) instead of general relativity (which, it turns out, falters in that tiny realm), Hawking was startled to find that the mini-black holes must emit particles and radiation. Even more remarkable, the little holes would gradually evaporate and, 10 billion years or so after their...
Meanwhile, Hawking is pursuing a more earthly reward, seeking what Cambridge Astronomer Martin Rees calls the physicists' Holy Grail: a theory that will combine general relativity with the quantum theory. This requires "quantizing" gravity, the only one of nature's four basic forces that cannot yet be explained by the quantum theory...
...course of that search, Hawking, who has no qualms about recanting his own work if he decides he was wrong, may have transcended his famous proof that singularities exist. With Physicist James Hartle, he has derived a quantum wave describing a self-contained universe that, like the earth's surface, has no edge or boundary. If that is the case, says Hawking, Einstein's general theory of relativity would have to be modified, and there would be no singularities. "The universe would not be created, not be destroyed; it would simply be," he concludes, adding provocatively, "What place, then...
Many portfolio managers who became stars during the bull market emerged from the crash notably tarnished. George Soros, 57, who until Black Monday was regarded as one of the canniest investors in Wall Street history, saw his Quantum Fund drop some 36%, to $1.67 billion. Other stars emerged overnight. Elaine Garzarelli, 36, a research analyst and fund manager for Shearson Lehman Bros., had emphatically predicted a collapse exactly one week before Black Monday in an interview on Cable News Network. Her stock fund, the Sector Analysis Portfolio, reportedly gained 5% during the week of the crash because Garzarelli had moved...