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...crocodile because they can be worn on both land and in the water, began to cool in early 2008. Throw in the global downturn and sales tumbled 15% to $721.5 million in 2008, leading to a loss of $185 million, following a profit of $168 million a year earlier. Its share price plummeted from a high of $74 in November 2007 to a low of just $1.05 last November. It was, says John Duerden, Crocs' chief executive, "the perfect storm." (See pictures of 23 years of Air Jordans...
...Earlier this year, mutual-fund company T. Rowe Price tried to determine the optimum retiree portfolio - the mix of stocks and bonds that would produce the highest returns without the risk of the nest egg running out. To do this, the analysts ran something called a Monte Carlo simulation, which mimics the real-life ups and downs of the market. Most of the time, the market goes up slightly. But some years - ka-pow! - stocks and bonds do spectacularly poorly. What T. Rowe Price found should frustrate anyone who has spent time wondering if 25% of a portfolio should...
...Saving more, another common prescription for fixing the 401(k), has its downside too. That's because of another unpleasant quirk of the 401(k), which was mentioned earlier: the older you are, the riskier a 401(k) gets. That's because contributions make up a very big part of the account's growth in the early years. Later on, once the account has grown, it is much more sensitive to market drops...
Lepri, like most observers, thinks the move was entirely political. She calls it a show of support for a leader the committee and much of the world believes is taking the U.S. in the right direction - a new survey out earlier this week showed that the U.S. global image had soared in the past year - but who is meeting stiff resistance at home; indeed in his comment Jagland noted "we would hope this (award) will enhance what he is trying to do." Still, Jagland tested credulity of listeners when he stressed "we are not awarding the prize for what...
...tempest broke on Thursday, after video clips of a television debate broadcast three days earlier were posted on the Internet. In the clips, far-right politician Marine Le Pen reads truncated extracts from Mitterrand's novel, including passages in which Mitterrand describes visits to Thai clubs and brothels to procure sex from prostitutes he at times calls "boys" and "young boys." "The profusion of young, very attractive and immediately available boys put me in a state of desire that I no longer needed to restrain or hide," Mitterrand writes. (See pictures of the French crackdown on migrants...