Word: broad
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...military gap. With Millennials embracing national service in droves, more students around the country are questioning the Vietnam-era dogma that drew a bright line between the Peace Corps and the War Corps. Borrowing a page from the Greek historian Thucydides, who observed that "a nation that draws too broad a difference between its scholars and its warriors has its thinking done by cowards and its fighting done by fools," many of today's students are pushing for Sparta to make more inroads into Athens. By uniting the best students and the best soldiers, advocates say, the schools...
...These funds were set up by outside firms, which would then funnel the money they received from investors to Madoff. Unlike Madoff's, all the firms running feeder funds had well-known accounting firms listed as their auditors. So, for instance, when investors put money in the Rye Select Broad Market fund, one of the largest Madoff feeders, its statement said that their investments had been audited by KPMG...
...spokesperson from KPMG says that the firm's audit of the Rye Select Broad Market fund conformed to all professional standards and that the firm would vigorously defend its work. A BDO Seidman spokesperson says that his firm is not and has never been the auditor of Madoff Securities. The BDO spokesperson also says that his firm's audit of Ascot Partners met professional standards and that the firm would defend its work. "It is unfortunate that these investors would bring legal action before all of the facts are known and seek to blame others for their own investment decisions...
Anyone who feels as though there's been no way to make money in the stock market this year hasn't heard of Emergent BioSolutions. While broad indexes are off some 40% since Jan. 1, Emergent, which makes anthrax vaccines and is broadening into flu shots, is up 376%, to $24.11. Emergent is the top-returning stock in 2008 (through Dec. 12), according to an analysis done for TIME by Thomson Reuters Datastream. And Emergent isn't the only company that's been pleasing shareholders. This probably isn't going to make you feel any better about your brokerage account...
...odder realities found by digging beyond broad categories of companies is that a number of firms related to the housing market have been doing quite well this year. Trex Company, which makes decking and railing out of reclaimed plastic and waste wood, is up 69%, to $14.35. Beacon Roofing Supply, which sells roofs for homes and commercial buildings, has seen its stock jump...