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...world's largest ocean liner, the QUEEN MARY 2, made its first crossing from Southampton, England, to New York City last week amid much fanfare--and gale-force winds. Equipped with 10 restaurants, five pools and a planetarium, the 21-story vessel looked right at home amid Manhattan's skyscrapers. Even Donald Trump must have envied the publicity...
Golf is trying to create a similar online marketplace at playgolfamerica.com The Professional Golfers' Association of America (PGA), which is organizing the Play Golf America website and advertising campaign, is selling speed rather than price, given that the cost of a round has been declining anyway amid the surplus of courses. "The complaint we hear more than any other is that golf takes too much time," says PGA of America president M.G. Orender, who claims that more than 17 million adults have expressed interest in playing golf. "We're asking our Play Golf America members to get back...
IDENTIFY LIKELY WINNERS Gold stocks (Barrick, Newmont) and oil services and drillers (Anadarko, Schlumberger) tend to rise amid global turmoil. They also benefit from the kind of global expansion we're now seeing (led by China). Traditional safe-haven stocks like drugs (Pfizer, Merck), tobacco (Altria) and beverages (Anheuser-Busch) would hold up relatively well, and may come into favor anyway because they pay decent dividends...
Abigail Johnson couldn't have been handed the reins at a tougher time. It was May 2001, squarely amid the worst bear market since the 1930s, when she was promoted to president of Fidelity Management & Research and put in charge of investment operations. Who put her there? Her father Edward C. (Ned) Johnson III, whose own father founded the mutual-fund giant in 1946. So you could say she's had a comfort level most executives never enjoy. There's also the cushion of being worth nearly $10 billion as heir to the privately held Fidelity juggernaut. "She's cool...
This process has not been easy. The Dalai Lama has made little headway in protecting the 6 million Tibetans who live in Tibet. And he has not been able to visit his own country in 45 years. Yet amid all he has lost, he has given something indelible to the world. He has shown that justice and nonviolence have a power of their own and converted the extremely rigorous precepts of his philosophy into lucid truths that people of any faith can learn from. And he has shown that globalism can be a way of taking seriously the idea that...