Word: assets
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...local job. But the big city beckoned: Hwang's grades were good enough to go to Seoul National University Medical School, the nation's top medical institution, but he chose veterinary school instead. "What can I say? I love cows," he says. "They were my family's No. 1 asset. I think they're remarkable animals...
...President, trust is the one asset that, once lost, he can't buy back. This may be especially true for George W. Bush, whose appeal has always been personal as much as political. People say they like him because he's tough and straight and principled, even if they sometimes disagree with the principles themselves. It now seems likely that either Bush wasn't telling the truth about his reasons for going to war or he didn't know the truth and can't quite admit it. Neither prospect is very reassuring. "Is it harmful to the President? Absolutely," says...
...says, he'll have to move some jobs overseas. The quotas the U.S. set on some Chinese textiles in November aren't enough. "Our government has done nothing," he says, "just a little bit of hand slapping." Half a world away, Yang Rong manages the privately run Jinhua Asset Underwear Co., with a factory tucked into hills a few hundred kilometers from Shanghai that exports some of the world's sexiest lace bras. On his shop floor, surrounded by 200 young workers outfitted in pink kerchiefs and aprons, Yang points to the wall on which he has taped a laminated...
...first day of trading, Dec. 23. In the short term, such suspension of disbelief can be highly profitable, but it can also be an excellent way of losing money fast. "Some of the investors will ultimately be burned," says Joseph Lau, a director at Tai Fook Asset Management. Optimists point to China's bottomless labor pool and insatiable demand as evidence that this may not be a bubble at all; the Chinese economy is growing exponentially as a new middle class takes shape, they argue, and that should continue to drive stocks higher. Most of the companies going public...
...will purge your portfolio of such securities. Another benefit: because you can customize your portfolio, you are able to minimize your tax bill by, say, instructing the manager to sell a losing stock in the separate account to offset a gain you have in another account or even another asset like real estate. This makes separate accounts most useful for taxable savings...