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...good news, at least from one perspective, is that despite the market's run-up and the still soft economy, stocks remain on pretty solid ground. So says Leon Cooperman, who runs Omega Advisors, a New York City hedge fund. Cooperman spent decades guiding the investment-policy committee at Goldman Sachs; he's long been considered a tough-minded, analytical sort with savvy instincts. (Read an interview with 2008's No. 1 stock picker...
...Late last week Cooperman laid out his views to a packed room of securities analysts and hedge-fund managers in Manhattan. He noted the power of big federal spending and expressed concern that Washington's largesse, if unchecked, would fundamentally alter America's competitiveness. But he also made clear his view that the latest rounds of federal spending have averted crisis and set the stage for a shallow economic recovery with modest inflation. Longer term, he believes the U.S. will be growing at only 1.5% to 2% a year, well below the historical growth rate of 3%, a shortfall resulting...
...already sped ahead of the U.S. in hybrid-car technology. China is emerging as a leader in electric cars, solar power and wind power. South Korea is not yet known for anything environmentally friendly, but that is about to change. The South Korean government is spending $31 billion to fund research in 27 green technologies, including non-silicon-based solar cells, biomass fuels and carbon collection, storage and processing. (See the top 10 green stories...
...contrast, East Asian economies have robust balance sheets, except for Japan. Unlike the U.S., China and South Korea do not need to print money to fund their stimulus packages. And their spending is geared toward the future rather than toward mopping up the excesses of the past, as the U.S. must do. Green projects account for 81% of South Korea's economic-stimulus programs and 38% of China's - the proportion in the U.S. is just...
...soldier's uniform denotes everything from allegiance and branch to title and rank. And when it comes to camouflage, it can mean the difference between life and death - a point brought up by U.S. lawmakers as Congress prepared to pass a $106 billion emergency war-spending bill that will fund, among other things, some 70,000 new uniforms for troops in Afghanistan. Evidently the country's muddy, mountainous terrain clashes with the "universal camouflage pattern" designed for dusty desert cities like Basra and Baghdad...