Word: flyers
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...have enough credit-card debt, this year Uncle Sam will begin accepting plastic from those who owe tax come April 15. Charging your taxes may be a nifty way to rack up frequent-flyer miles, and for some 30 million electronic filers it's a convenient way to complete a paperless tax return. For Uncle, it's certainly a convenient way to shift the burden of collection. But if you'll need to carry the debt a while, choosing plastic is a mistake--unless you carry it all the way to personal bankruptcy court. Let me explain...
...Association. The occasion was a private screening of a documentary about McCain produced for the A&E network series Biography. McCain is one of those baroque pearls of American politics, lustrous but irregular, so nobody was surprised that the film made the most of his days as a Navy flyer and a Vietnam-war POW or that it played up his bumpy Senate fights against Big Tobacco and for campaign-finance reform. But it also went long and deep into how he piled up demerits at the U.S. Naval Academy and lost several planes on training runs. It raked over...
...this way and others, investing should be fun. I recommend setting aside a small portion (no more than 10%) of your portfolio to play hunches. Call it your fun money. If you want to take a flyer on a stock in an industry to which you're already heavily exposed, take the cash from your hunch pool. Meanwhile, make sure that your other 401(k) and any additional retirement accounts are invested in diversified stock funds or, if you're a stock picker, spread among other industries. There's nothing wrong with having confidence in your employer. But even Bill...
...PROTEUS It's a bird! It's a plane! It's... O.K., it's a plane, named after the sea god who changed shape. This little flyer can too: the middle section and the wings can be adjusted according to the mission the plane is undertaking. And because Proteus can fly so high (about 65,000 ft.) and for so long, potential missions are manifold: atmospheric research, reconnaissance and--designer Burt Rutan hopes--launching vehicles for space tourism. Proteus has the body of an insect but the heart of a jumbo...
...WORST Broadway high-flyer Garth Drabinsky (Show Boat, Ragtime) crashed to earth as new partners found his company, Livent, to be awash in red ink. Now Livent is in bankruptcy, tours are in limbo and Drabinsky...