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...attraction? Huge returns. In 2003, hedge funds globally returned an estimated 13%, with a projection to do the same this year. That's more than double the projected return for equities. "We're looking for solid returns," says Malcolm Gray, finance director of Railpen Investments, the investment arm of Britain's Railways Pension scheme, which last month said it would invest $1.1 billion in hedge funds. "We think the price of bonds is too high; we're worried about the price-earnings ratios of equities. [With hedge funds] we want to get some absolute income in." Yet even though...

Author: /time Magazine | Title: Should You Join The Hedge Fund Circus? | 5/23/2004 | See Source »

...Films, a Disney division, to distribute the film. Eisner told reporters last week that he had rejected the movie because he did not want Disney to get dragged into partisan battles in an election year. But the Miramax camp scoffs at that claim, pointing out that Disney's radio arm has no compunction about distributing fire-breathing conservative Sean Hannity's show. The film has been described as an incendiary attack on the Bush family's ties to Saudi Arabian oil money and the Osama bin Laden clan. But a source who has seen the picture tells TIME that...

Author: /time Magazine | Title: There's More to Moore's Film Than Bush Bashing | 5/17/2004 | See Source »

...issue of Haupt’s American citizenship. “Citizenship in the United States of an enemy belligerent does not relieve him from the consequences of a belligerency which is unlawful because in violation of the law of war. Citizens who associate themselves with the military arm of the enemy...[and] enter this country bent on hostile acts are enemy belligerents” and subject to military jurisdiction...

Author: By Duncan M. Currie, | Title: FDR Got It Right... | 5/12/2004 | See Source »

...Kerry get it? On the Bay Hap River on March 13, 1969, a mine exploded under Kerry's boat, driving shrapnel into his arm and knocking Green Beret Jim Rassmann overboard. Despite heavy fire, Kerry turned the boat around and pulled Rassmann back on board with his good arm...

Author: /time Magazine | Title: How Kerry Earned His Decorations | 5/10/2004 | See Source »

...Kerry get it? He earned three Purple Hearts (the second and third are represented by gold stars), all for shrapnel wounds. His arm was scratched during a night patrol in December 1968. His left thigh was hit during a V.C. attack in February 1969. The March 13 injury, his third, entitled him to return home...

Author: /time Magazine | Title: How Kerry Earned His Decorations | 5/10/2004 | See Source »

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