Word: banking
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...While many are worrying about filling their gas tanks, many others around the world are struggling to fill their stomachs.' ROBERT ZOELLICK, World Bank president, after U.S. President George W. Bush ordered the release of $200 million in emergency aid to help ease soaring food prices Numbers
...often. We buy our clothes at Goodwill and discount stores. That $120 spent on a single beer could have provided a family of four with food for a week. Why not do something that will make you feel a whole lot better: donate the money to your local food bank or battered women's shelter. That trumps the exquisite taste of the Best Butter on Earth any day. Cheryl Norwood, CANTON...
Even a disciplined approach, though, allows wiggle room to get more or less aggressive. Right now it pays to play things safe, says Richard Bernstein, chief investment strategist at Merrill Lynch: "There is nothing wrong with cash." Yet be warned: yields on money-market funds and bank CDs are low and going lower. Don't plan on holding lots of cash for more than six months. One good option, says Bernstein, is Treasury bonds, which on a total-return basis have outperformed stocks in five of the past eight years--a first since the Depression. He believes that trend will...
...While many are worrying about filling their gas tanks, many others around the world are struggling to fill their stomachs.' ROBERT ZOELLICK, World Bank president, after President George W. Bush ordered the release of $200 million in emergency aid to help ease soaring food prices...
...dissent and blindsided by serial mishaps, could soon be forced into singing his own sad song of departure. And the medicine he's proposing for the international community - a reinvigorated multilateralism, in which nations work together through institutions like the United Nations, NATO, the IMF and the World Bank, coupled with radical reform of those bodies to make them fit for 21st century purposes - isn't simple to explain. Or sexy...