Word: bets
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...Focused on long-term growth, corporate pension funds tend to lean heavily on stocks. More than 60% of S&P 500 firms' holdings at the start of the year were in equities. Those firms that bet most aggressively on stocks have been especially hard hit. For example, about 80% of Harley-Davidson's pension assets were invested in equities at the end of last year. Johnson & Johnson's (79% equities) and Exxon's (75%) funds have also been bruised. But the pension pain may be most acute for smaller outfits, some of whose obligations amount to more than...
...comfort, there's nothing wrong with paying somewhat more." Obama has said no more than this, except to set the "level of comfort" at $250,000, which is pretty comfortable. McCain is free to argue that Obama will raise taxes on people making less than $250,000. My bet is that whoever wins the election will be forced to. But his apparent belief that the very expression "spread the wealth" puts Obama beyond the pale is so out of touch that it's almost touching. It belongs on the golf courses of Arizona, not on the campaign trail...
...paean to the political process, "You Can Vote However You Like," inspired by rapper T.I.'s hit "Whatever You Like," has swept across the Internet over the past few days, amassing nearly 300,000 hits on YouTube and booking them upcoming appearances on ABC's Good Morning America and BET's 106 & Park. After learning of their performance, T.I. himself stopped by the school...
...that's part of the reason small, low-end Chinese exporters have seen their profits dwindle. A Chinese businessman asked Paulson after his speech whether the renminbi had appreciated sufficiently against the dollar. Paulson didn't answer directly, but in Beijing they know what the answer is: you bet it has. With Chinese growth slowing significantly and the economic pain spreading, "any further liberalization of the currency market is likely to be very gradual for the foreseeable future," Lardy says. "Beijing hasn?t jumped off the reform train" as a result of the crisis of 2008, says Lardy...
...subliminal advertising still used? You bet. There are even stores that play music containing concealed recorded messages prodding shoppers to buy more or not to shoplift...