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...bonds and notes? I'd be careful about this continuing assumption that U.S. Treasuries are the place to go. There are a number of reasons to have doubts about Treasuries, not just because of America's sovereign risk but also from the standpoint of an overowned currency [the dollar]. Add on to those concerns the comments from Chinese authorities and others. They haven't said they're up to their neck in Treasuries, but you know they're getting close. (See questions and answers about retirement...
This fall, three House master couples announced their departure in the span of less than two weeks—add that to the two House masters who stepped down at the end of the previous school year, and 2009 means new management for five of the 12 undergraduate Houses...
...election year, is also controversial. The opposition, still looking bland and disorganized, is worried it could be one more glamorous nail in its coffin. Lula is determined to have his handpicked successor, Dilma Rousseff, elected, and a feature film starring him as a sainted everyman can only add to his appeal and help Lula bring her vital votes in the October election...
...reporting process to a new set of editors. I talked them through what I had done, telling them, in rough form, what I’ve written here. They agreed with me that what I had done did not merit a retraction or an apology. But they decided to add a clarification to the online photograph of Caleb to emphasize that the campaign button on his chest had been added with Photoshop. The whole situation, they said, was a little dubious. I said I was still willing to write a personal reflection on reporting the article, and they agreed that...
...taxes on imported whiskey, not the taste, that prevent it from winning more market share. The import duties begin at 150%, and additional state taxes can add another 150% or more to the price of a bottle. Wine and beer face similar import duties, as well as additional and constantly changing state taxes and regulations. The complexity of the market means that only big producers like Jack Daniels and Jim Beam can afford to make a go in India on their own, and usually only with their premium labels. Although single-malt is a new status symbol in India, Scotch...