Word: steepness
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Dates: during 2000-2000
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Mike Leslie, 30, clad in Hawaiian shirt and emerald wraparound shades, hums a Metallica tune as he climbs to a makeshift tee and swings his 3-iron. His ball sails across a steep slope before settling into a patch of daisies. "When I look at these mountains," he says, "I think of only one thing: golf course...
ROMER: Here in L.A. I've got a pretty steep mountain to climb in terms of space limitations, leaving little flexibility for summer...
...house hunting, carrying a lot of debt or underwater with recent stock-market losses, this is a painful shot of economic medicine. It means mortgage rates will be going higher, as will the rate on virtually all other new loans. Credit-card rates, already steep, will increase, and the floating-rate debt you already have will become more costly. These conditions are telling you to pay for more things with cash, pay down debt and--this really hurts--lower your expectations for investment returns...
...these boys in tuxes and starched white shirts, and I want to take them aside for some fatherly advice. Boys, the first drink is a boon, the second is a gamble, the third is poor judgment, and then the rate of descent gets steep. And another thing: don't get all fluttery, high minded and patronizing just because people look different--that was your parents, that's not you. People are people. And still another thing: don't get yourself in hock to attend a college that isn't much good. It's an education just to leave home...
...Sole clashed last November in a bidding war for Fendi, the maker of last year's to-die-for handbag, the baguette. Gucci's interest in the company probably forced Arnault to pay $200 million more than he would have otherwise before bagging Fendi for $950 million, a steep price for a firm whose net income last year was $20 million. De Sole insists Arnault overpaid for the company. Arnault, of course, vows to work his magic on Fendi. "It's a hot product with limited exposure," he says. "Perfect for what we can do in introducing...