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...according to Larry Petrone, director of research at Financial Research Corp. Over that time, ETF assets under management have more than tripled, to $742 billion. That's still far short of the $7.14 trillion in assets held by mutual funds, but the ETF growth rate is fast closing that gap, with new products covering every subsector of the markets, from bank stocks to silver to Vietnam's public companies. (See pictures of TIME's Wall Street covers...
With spring semester fast approaching, the time has come to revisit a number of unfortunate but inevitable facts about life at Harvard, ranging from the dreary New England weather to the fact that some of your TFs this semester might not speak understandable English. And new classes mean that, once again, we will each have to spend a sum of cash that could probably feed a small Third World community for a year on textbooks that we'll never look at again once the semester has ended...
...going to influence the rest of your presidency? Obama: Look, even if we hadn't tackled health care, this year was going to be a tough year. During the transition period last year, it became apparent very quickly that we were going to have to make some fast, tough and in some cases politically unpopular decisions to make sure the financial system didn't melt down and we did not spiral into a second Great Depression. We made those decisions and executed them, and I am absolutely convinced that had we not acted the way we did that the situation...
...Brown's surge caught national Democrats napping. But their GOP rivals moved fast in December when they noticed an internal poll that showed Brown closing the gap to only 13 points against Coakley. What really grabbed their attention, however, was something deeper in the data: among those most likely to vote, Brown was only 4 points down. In early January, the National Republican Senatorial Committee quietly dispatched staffers to Massachusetts and shifted $500,000 to the state party - a huge plug of cash that wouldn't show up on its campaign filings until after the election was over...
...That pace has slowed in recent weeks as buyers like Chen are now looking for government intervention. In late December, Premier Wen Jiabao promised action to help keep housing prices in check. "As the property market is recovering rapidly this year, housing prices in some cities are rising too fast, which deserves the great attention of the central government," he told Xinhua, the state-run news service. During Thursday's press conference announcing the 2009 GDP numbers, Ma too acknowledged that "the price of real estate in some cities is growing too fast...