Word: defaulting
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...want to keep in stocks, in bonds and in cash. Evensky takes his clients' cash needs for the next two years off the top and puts them aside. Then, for the vast majority of his clients, he returns to a mix of 40% bonds and 60% stocks, the default position for most professional pension managers...
...Congress and the White House responsible? As part of a long-standing ritual involving Democrats and Republicans, lawmakers and Presidents have devised energy plans that add up to no plan at all--not deliberately but by default. In pursuit of different agendas, competing interests tend to cancel one another out over time, leaving the nation with no coherent direction on energy. Lawmakers launch programs to develop alternative-energy supplies but later quietly cut or eliminate the funding so there are no realistic alternative sources. They enact legislation offering incentives to stimulate crude-oil production in the U.S., when the politicians...
...neglecting existing charges until they died, often emaciated and lashed to their cots. Shanghai officials fired Zhang for demanding an investigation. She fled to England with a suitcase full of documents and photographs that became the basis for a chilling 1996 Human Rights Watch report called Death by Default. Her actions helped clean up the orphanage, but today Zhang fears she has sent the wrong message to colleagues back home. She must live in exile, but the man whom Human Rights Watch blamed for covering up the scandal, Wu Bangguo, is No. 2 in the Politburo. "Other doctors will learn...
...During peace talks in Ghana, the rebels demanded Taylor resign and allow the formation of a government of national unity. The rebels, a ragtag collection of groups opposing Taylor, have been fighting for three years to oust him. Overdue Overhaul ARGENTINA Wasting no time since becoming President by default last month, Nestor Kirchner fired 10 of 12 senior police commissioners and called on Congress to impeach the widely despised Supreme Court. He also forced more than 50 military generals and admirals into retirement, naming lower-ranking generals in their place. Kirchner said his anticorruption drive was crucial to solving...
...default was that Harvard grads did consulting, I-banking, or dot-coms and if you didn’t do those things, you had failed,” Judith Palfrey says. “I don’t see that anymore—that’s good...