Word: capping
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...Back in Rome, one way Benedict has found to play to the crowds is by sporting rarely seen papal headwear. In the winter, he has twice donned a fun Santa-like red fur cap, while last week he dusted off a sombrero style red cowboy hat that John Paul had once worn in Mexico. No doubt, Germans are hoping that over the next few days, someone will convince Benedict to put on a traditional Bavarian feathered green Alpine hat. Then, faithful and non-faithful alike, Catholics and Lutherans, will no doubt go wild for the Bavarian Pope...
...voting shares, may take the company private. Yet the stock, trading at around $8.50 a share, still indicates that Wall Street takes a dim view of Ford's prospects; the company's market capitalization is just $16 billion, well below the cash value of the firm. (Toyota's market cap, by contrast, is $174 billion.) Ford's debt was cut below investment grade by the major credit-ratings agencies last year. Some analysts say it's only a matter of time before the company goes hat in hand to Wall Street for "bridge financing" to survive the next few years...
...Bidwill is delighted," says the economist, but he notes that the extra income isn't a competitive advantage. First, other teams have similar extra income streams that new stadiums generate. Second, the Cardinals aren't going to be outspending anyone for talent because all NFL teams have a salary cap--$102 million in 2006, up from $85.5 million in 2005--which most reach...
...hard to spot quant funds by name alone. You may have to call the fund company or dig through prospectuses. Morningstar, a firm that rates investments, recommends Vanguard U.S. Value, Bridgeway Large-Cap Growth and Janus Adviser Intech Risk-Managed Growth...
...That "cap-and-trade" approach works because it provides certainty--companies have a specific greenhouse-gas-emission target--and because free markets are the most efficient way to reward innovation. A market-based system has two added benefits: it creates new revenue sources for companies clean enough to sell credits, and it enables free markets to determine the best solutions instead of having governments bet on what they think are going to be the winning innovations. That vision is one reason a Republican Governor and a Democratic legislature were able to agree on the global-warming act and many business...