Word: booming
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...latecomers bound to lose their shirts? Not necessarily. That's because, with some well-publicized exceptions, emerging markets are on the whole not in bubble territory. Yes, share prices have been rising rapidly. But so have corporate earnings during what has become an epic global economic boom. As a result, emerging-market stocks still look relatively cheap. Based on projected 12-month earnings, the average price-to-earnings (P/E) ratio of companies in emerging countries tracked by the MSCI index is 13. For the MSCI World Index, which includes developed countries, the average...
...fact, as he takes the podium in his spotless white tunic and trousers, a vertical line of red dye on his forehead, Swamiji is the picture of unbowed vigor, with a voice that crescendos to full boom when he's making a particularly insistent point. "You are the architect of your fortune. You are the architect of your misfortune," he thunders. His topic, "Managing Stress Through Self-Management," seems perfectly pitched to this crowd of overtaxed self-starters. "There's nothing but stress--personal, work, health-related," admits Steven Silverman, 51, president of Kurt Versen lighting, by way of explaining...
...Elizabeth: The Golden Age? Better, perhaps, to call this Elizabeth: The Frenzied Years - especially since the film's director, Shekhar Kapur, suffers from an advanced case of restless camera syndrome. Tracking shots, twisting boom shots, placements that are either radically high or low - they all betoken a director who doesn't trust his material. And why should he? The statecraft of 400 years ago is not the stuff of great movies - all mutterings in the shadows about geopolitical issues that the screenwriters, William Nicholson and Michael Hirst, prefer not to go into. That leaves Kapur with the Elizabeth-Raleigh thing...
...increasingly likely that you or one of your friends will run a marathon. Folks in the 40-plus group are pretty much taking over the sport, accounting for a surprising 43% of all marathoners in the U.S. in 2004--up from 26% in 1980. The maturing baby-boom generation partly explains that growth. There are simply more folks over 40 out there. Yet there's more than demographics at work. Surging interest in marathons at middle age and beyond testifies to our longer, healthier lives and our growing determination to get the most out of that bonus time...
...effective has Hu been at recalibrating China's policies? The country's problems are immense, and if all you did was taste its foul air or look at the huddled masses who have been left out of the boom, it would be easy to conclude that Hu's job had hardly started. In his first years in office, it was often said that Hu was unable to get his vision adopted by powerful provincial leaders. But the old judgment that he is a weak leader may be changing. Li notes that the President has spent the past five years ensuring...