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...worsen. How should investors make sense of the crosscurrents and what should they do with their money? To get a sense of the market's prospects, TIME spoke with Kirk Hartman, chief investment officer at Wells Capital Management, the investment division of Wells Fargo bank, with about $370 billion under management...
...Edinburgh, says that the 78-year-old emeritus professor remains quietly confident that the LHC will discover the Higgs boson when it is eventually running at full strength. For his part, Kenway says the LHC's delays are to be expected given the size and intricacy of the $9 billion experiment. And he says if he ever needs further proof that the Higgs boson is not abhorrent to nature, he need only spend time with his friend and mentor. "If nature truly did not want us to discover the Higgs, a cosmic ray would have zapped the embryo that became...
...global recession isn't just making jobs scarce and tightening spending - it's also turning more people into thieves. According to an annual survey released on Tuesday, incidents of shoplifting rose nearly 6% over the past year, representing nearly $115 billion in losses for businesses. One of the more surprising findings: a growing number of new shoplifters are outwardly reputable, middle-class people who are walking off with French cheeses, quality meats, cosmetics, mobile phones, clothing and other goodies that they feel they need to maintain a quality of life they can no longer afford. (See pictures of people shopping...
...group surveyed globally. In previous years, the increase hovered at 1.5% annually. Though the problem was documented across all regions, the steepest increases occurred in North America (8.1%), the Middle East (7.5%) and Europe (4.7%). In terms of total losses, retailers in North America topped the charts at $46 billion, followed by Europe's $44 billion and $17.9 billion in the Asia-Pacific region. In North America and Latin America, store owners and employees were the leading pilferers; in Europe, Asia and the Middle East, it was customers who were swiping the most loot. (See pictures of expensive things that...
...long. The only way to effectively combat these thieves, he notes, is for retailers to invest in better security and for authorities to treat shoplifting cases not as "individuals stealing $50, $100, $200 worth of goods," but rather as something more serious - part of a $115 billion annual heist...