Word: affairing
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America's love affair with porsches is so strong - almost half of all those made are sold in the U.S. - that for several months the sports car's German maker has been considering whether to list its shares on the New York Stock Exchange. But when Porsche chief executive Wendelin Wiedeking saw the tough new Sarbanes-Oxley Act that President Bush signed into law this summer on the heels of the Enron and WorldCom scandals, he had a fit. The new law, which seeks to safeguard against fraudulent accounting, requires CEOs and CFOs to vouch for the accuracy of their...
...fact that she could be anonymous among her summer friends, who lived elsewhere during the year and would not have heard about her dad. During the final week of the school year, the town of Avon gathered for its 22nd annual buffet dinner to reward young athletes. The affair holds little suspense--all the players get a certificate in every sport in which they compete--but Hilary was nonetheless excited and asked Ginny if she could wear a smudge of her glittery pink lip gloss. Sanderson, who also coaches Hilary's basketball team, took the stage and nervously riffled through...
...said, 'Jodie's not beautiful enough to play me,'" Verhoeven informs TIME. She suggested a different, icier blond: "Leni's ultimate idea of herself is Sharon Stone in Basic Instinct" (one of Verhoeven's films). He adds that a contract Riefenstahl signed with the producer stipulates "that any affair between her and Hitler or her and Goebbels would be prohibited onscreen." That way, at least the film would have a shot at a PG-13 rating...
...this fall's slate of new programs is the most uninspired, creatively bankrupt set of debuts in several years. There are the shameless knockoffs, like CSI: Miami, a less imaginative product extension than Vanilla Coke. There are the retreads, like the WB's remake of Family Affair, with kids so saccharinely cute and a laugh track so obtrusive that the new series really could have been made in the '60s. Then there are the garden-variety, playing-it-safe choices that make up the bulk of the lineup: another lumpy guy is married to a hot woman...
Investors have been net sellers of stock mutual funds most of the summer. Yet in this abysmal market their love affair with exchange-traded funds, or ETFs, has truly bloomed. In June and July combined, stock funds saw estimated outflows of $60 billion, while ETFs had inflows of $11 billion. What gives them such allure? All the things that suddenly matter when markets turn rocky: diversification, tax efficiency, low costs and portfolio visibility that would make most fund managers blush...