Word: equalize
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Sorting through such issues is beyond most investors. A handy rule is to avoid shares of companies with pension shortfalls equal to 10% or more of their market value--and consider buying shares of those whose pension plans are generously funded...
...worst-situated industries include airlines, autos, construction and heavy equipment. At the end of August, UBS Warburg reports, General Motors had a whopping pension-fund shortfall of $22.2 billion, equal to 83% of the company's market value. Excluding tax benefits, $4 of the first $5 that GM earns per share each year stands to get eaten up by pension obligations. Delta Airlines' shortfall is $3.5 billion, equal to 1 1/2 times its market value. The company is essentially in business to pay retirement benefits--yet it still doesn't make enough...
...EQUAL TREATMENT Although previous studies have shown that a lumpectomy followed by radiation is just as effective as a full mastectomy, many doctors and patients are still concerned that if they don't remove the entire breast, their cancer is more likely to return. But two studies that followed 2,500 women with small breast cancers for 20 years found no difference in long-term survival between those who underwent mastectomies and those who opted for lumpectomies and radiation. According to an editorial in the New England Journal of Medicine, it is time to declare the case closed. --BY DAVID...
...same person if people say I'm a hedonistic madman or an innovative publisher." Besides, a wild streak can be an advantage in Byng's line of work. At least five major London houses turned Pi down, and although Faber and Faber had made an offer equal to Canongate's, Martel says that it was Byng's personality that made him sign with the Edinburgh outfit. "He's a nonstop genius, with this unbelievable level of energy," Martel says. "I would have gone with him even if they had offered less. They did really well by me." Doing really well...
...lets his own imagination run riot from time to time. In the new film, Quidditch - the ballgame played by witches and wizards on broomsticks - seems more like a thrilling car chase than an intramural sport. And Harry's showdown with a monstrous serpent in the bowels of Hogwarts should equal the most excitable readers' expectations. Making their Potter debut in Chamber of Secrets are Dobby, a funny, forlorn, computer-animated elf, Miriam Margolyes as Professor Sprout and Kenneth Branagh as Gilderoy Lockhart, the vain Defense Against the Dark Arts teacher - a role that was much sought after by British actors...