Word: exoduses
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...information would create the beginnings of a more unified pan-European fiscal system, and end the anomaly of tax havens within the E.U. Germany in the 1990s saw how damaging capital flight could be when it instituted a special withholding tax on savings to pay for reunification, sparking an exodus of billions of marks to neighboring Luxembourg. Tax evasion is not a criminal offense in Switzerland, and the Swiss say they have good systems for preventing it at home: they levy a hefty 35% withholding tax on dividend and interest income for their own citizens...
...turns out, we really do sell when we should buy: more than $30 billion flowed out of stock funds in July, the biggest one-month exodus since the 1987 crash. Selling stocks when prices are so low is "insane," says Morgan Stanley global strategist Barton Biggs. That scared money missed the Dow's 1,000-point rebound...
...while the CHA can point to some success stories, the Cabrini-Green exodus has not played out as smoothly as many of the former tenants had hoped, leaving them in conditions hardly better than those they left. For the relocations have come amid the worst affordable-housing crunch in recent memory. During the economic boom of the 1990s, as middle-class buyers purchased condominiums at a record pace, Chicago lost about 52,000 rental units. As more properties were converted to private ownership, the rates for remaining rentals climbed, pricing out people at the lower end of the market...
...seen on Nov. 17 in a 25-vehicle convoy, heading from Jalalabad into Afghanistan's Tora Bora mountains. Since then, the Pakistanis say, there have been no credible sightings. But thousands of al-Qaeda fighters did cross into Pakistan in two waves. According to Pakistani intelligence officials, the first exodus came in November, when al-Qaeda fled into the remote Tirah Valley to escape the U.S. bombardment of Tora Bora. The second wave entered last March, during the allied forces' Operation Anaconda against al-Qaeda positions in Afghanistan's eastern Shah-i-Kot mountains...
Some investors clearly have given up on stocks. A net $3.2 billion flowed out of stock mutual funds last week, after $4 billion fled the week before, according to AMG Data Services. This run is the biggest exodus since September--but you probably shouldn't join it. Sell now and you risk selling near the bottom. Most people should sell only to trade losers for more promising investments and to diversify holdings across different industries, with exposure to some large and some small companies as well as to international markets. Make sure that you have some bonds, cash and real...