Word: accounts
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Dates: during 2000-2009
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Here's one upside to a down market: a number of historically prominent mutual funds that long ago shut their doors to new investors are reopening. It's been years since anyone without an existing account could put money into some of the best-known names in the business, like Sequoia Fund, Dodge & Cox Stock, Longleaf Partners, Fidelity Magellan, Artisan Mid Cap Value, Oakmark Equityand Income, Vanguard International Explorer and Third Avenue Small-Cap Value...
...billion pound fiscal stimulus package and a cut in value-added tax. And unless retailers persuade consumers that redemption - for individuals, for businesses and for the wider economy - lies in more generous spending, Britain's downturn threatens to be steep indeed. According to the British Retail Consortium, retail sales account for a fifth of the nation's economy, with the sector responsible for some 8% of GDP and employing 11% of Britain's total workforce...
...irony, say critics of current practice, is that abusing the patent system doesn't necessarily help Big Pharma in the long run. Generics account for just over 40% of the market by volume in Europe, against more than 60% in the U.S. But over the past decade, the U.S. pharmaceutical market has grown twice as fast as the European market. According to IMS data, 65% of sales of new medicines marketed since 2002 are generated on the U.S. market, compared to 24% on the European market...
...experience in China. "But every single senior officer right down to the manager of the smallest branch in Inner Mongolia is a Party member. And when the Party says, 'Jump or we're all in trouble,' they say, 'How high?'" The same principle applies to state-owned enterprises, which account for about a third of the nation...
...Murdoch had come to define the profession." But he and his feuding family--including four adult children, a scorned former wife and his current spouse, 39-year-old ex--News Corp. executive Wendi Deng--nonetheless opened themselves up to biographer Wolff's relentless questioning. The result is an inside account of the billionaire newsman's hard-fought, obsessive battle to acquire the Wall Street Journal. But as in Murdoch's more lowbrow publications, the real attraction here is the scandal: Wolff delves into the family's succession melodrama ("a bloody mess," says Wolff) and calls Murdoch's decision to leave...