Word: capitalisme
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He is a hero to investors and a royal pain to money managers. Thirty years ago, John Bogle founded the Vanguard Group and invented the index fund--a low-cost option that revolutionized investing. At 76, he's still an iconoclast, most recently in The Battle for the Soul of...
For all its reputation as the city of tomorrow, a place that will marry capitalism and cool as effortlessly as New York City or London, the city of Shanghai, truth be told, is not a particularly pleasant place during the summer. It's a steambath, and when the occasional typhoon...
For all its reputation as the city of tomorrow, a place that will marry capitalism and cool as effortlessly as New York City or London, the city of Shanghai, truth be told, is not a particularly pleasant place during the summer. It's a steambath, and when the occasional typhoon...
Christian businesses were once easy to spot only if they belonged to the $4.2 billion industry of producing and marketing Bibles, CDs and other explicitly Christian products. Large corporations with Christian foundations--the Curves fitness chain, Chick-fil-A, Servicemaster--have quietly tucked religious principles in mission statements or employee...
Capitalism, of course, is supposed to weed out such inefficiencies. But in the American system, the shuttle's expense made the program politically attractive. Originally projected to cost $5 million per flight in today's dollars, each shuttle launch instead runs to around $500 million. Aerospace contractors love the fact...