Word: bartonized
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LIECHTENSTEIN: Charity sometimes begins on the Web, or at least that's what the International Red Cross is hoping with its new Internet gambling site. The Liechtenstein-based site, a cross between Clara Barton and your local 7-Eleven, offers a number of lotto games -- and 25 percent of the proceeds go to the medical organization. After giving a credit card number, you get java-based games that play like the regular lottery, with odds just about as bad. A potentially confusing stumbling block: Tickets (and winnings) are in Swiss Francs (One SF currently equals 69 cents). Other major charitable...
REIT investors have enjoyed a spectacular 35% gain in the past 12 months. That's why Barton Biggs, chief global strategist at Morgan Stanley, recently cut his exposure, noting that the stocks trade for 27% more than the underlying property they own. But that premium may be justified, given that REITs make it easy to buy and sell commercial real estate for any size portfolio. Besides, property values are rising from the ashes of the '80s bust, and rents are going up too. Biggs believes REITs will return 12% over the next 12 months. Steve Hash, an analyst at Lehman...
...time to get out of stocks. That's not how they put caviar on the table. Their job is to set a target and, after it's reached, set it higher. For them it pays to snort like a bull even when they feel like a bear. Take Barton Biggs, the well-regarded global strategist for Morgan Stanley. He warns that "stocks almost everywhere are at record valuations, euphoria is epidemic and the bull market cycle has got to be long in the tooth." Yet he says buy more stocks...
...Harvard list: "Occupants of Hollis 5." As we scanned the list we noticed three names: first, that of Ralph Waldo Emerson '21 (that's 1821), who lived in our room in 1818-19. Then, three pages down the list were printed our names: Flora Ting-ting Kao and Susannah Barton Tobin, Class of 2000. After the initial thrill of "living in Ralph's room," my next response was straight out of "Wayne's World:" We're not worthy! Three months later, although I have discovered that my roommate is definitely worthy of living in Emerson's old haunt...
...Susannah Barton Tobin '00 is learning the virtues of self-reliance...