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...Hollywood director and the suburban-Connecticut teenager exchanged handwritten letters once a month for two years. Byrne Fields learned to drive; Hughes made Ferris Bueller's Day Off. Byrne Fields and her mother moved in with her stepfather; Hughes sent her the script for his new film, Pretty in Pink. When the movie came out, Byrne Fields reviewed it for her school newspaper. "I gave it a bad review," she says. "I told him that Andrew McCarthy was bland." (See the top 10 John Hughes moments...
What, you have a brilliant plan to just buy and hold oil? Don't count on it. The bigger players know what you're thinking, and they'll drive the price temporarily down so you are forced to sell at a lower price - or risk losing more than you can afford. As the price falls, and all of the other "smart" traders around you are forced to unwind their long positions and sell oil, the price will fall even faster against you. Why would the big boys do this to you? Well, any money lost by one trader must...
...Trading Places A few years ago, that question - and the notion that China could drive global growth - would have seemed absurd. After all, China's economy was dependent on manufacturing, which was in turn dependent on demand from the U.S., the world's undisputed economic locomotive. But that engine remains sidetracked. The IMF predicts the U.S. economy will contract 2.6% this year. American home prices continue to fall in some cities, while the unemployment rate has soared to 9.5%, the highest since 1983. The U.S.'s much ballyhooed stimulus plan has so far yielded little measurable benefit, save putting some...
Would this intervention be flawlessly executed? Of course not. But if ham-handed pay rules drive risky, highly rewarded activities out of big banks and into smaller firms - if big banks become boring again - that might not be all bad, since smaller firms presumably pose less risk to the financial system...
Located on the Grand Trunk Road, the subcontinent's lifeline dating back to the 16th century, the store is a good half-hour's drive out of the city but has been attracting a steady, if small, stream of customers and wide-eyed spectators since its launch on May 30. At 50,000 sq. ft. (about 4,600 sq m), it is almost tiny by U.S. standards, and there are fewer than 50 vehicles in the parking lot outside - mostly passenger cars, with a handful of small commercial vehicles, SUVs and some motorbikes. A blue-turbaned, elderly Sikh with...