Word: cheapness
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...unmanageable. Yet with the price of stocks plummeting and an onslaught of investors asking for their money back, many funds aren't nearly the size they once were - so they're taking on fresh investors. A number of portfolio managers, especially the value-conscious sort, are also seeing cheap stocks all over the place and want extra money to buy in. One of the reasons Longleaf Partners reopened earlier this year was that its managers had identified some $1.5 billion worth of securities they wanted to buy. (Read a brief history...
...will produce about 4,700 lbs of emissions. Both numbers can be larger if you live in a cold part of the country. The problem is that many American houses are poorly constructed and insulated, leaking heat in winter and cool air in the summer - and that's not cheap. Oil and gas prices may have declined in recent months - of course, fuel costs in the U.S. have also been historically low, compared to our counterparts in much of Europe - but most experts believe that's only temporary and expect to see significantly higher costs to heat and cool...
Trethewey also suggests investing in a home energy audit to help figure out exactly where the holes are. Such audits aren't cheap - they can range up to $800 - but as "fuel costs rise, the payback improves," notes Trethewey. A good auditor will use a blower test, which lowers the air pressure inside a home - air from the outside will then rush through openings, revealing any leaks. A truly high-tech test will use thermographic cameras, which detect infrared light, to detect exactly where heat might be leaking...
...Conspicuous Consumption Is Safe. It used to be hard to tell rich from poor in Baghdad, especially outside the Green Zone. Fear of being kidnapped for ransom prompted many wealthy Iraqis to feign poverty. Living below one's means became an art form: decrepit cars, cheap cell phones, minimalist jewelry...
...Commission follows up its report with firm action, this could force European drugmakers to adopt global strategies that go beyond merely stamping on cheap rivals...