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...Equities bears maintain that the recent stock rally has already outrun fundamentals and that stocks are no longer cheap. To be sure, based on projected operating earnings for all of 2009, S&P 500 companies are trading at an average price-earnings ratio of nearly 19, higher than the long-term historical average of 15. But basing stock values on 2009 data is inappropriate. This year saw the bottom of the worst recession since World War II. What is relevant for determining stock values are future earnings, not past earnings. Next year's operating earnings for S&P 500 companies...
...Crimson led through five bouts but couldn’t come up with a win in the higher weights, as Harvard fell to the Panthers for its second loss...
...contents of the goody bags he’d pass out.) But it takes a startling lack of faith to argue that contemporary creative acts are isolating and worthless simply because they don’t contain the overt moral messages that scan with the church’s higher...
Harvard has already made some progress on this front. The Mellon Mays Undergraduate Fellowship, for example, attempts “To counter the serious shortage of faculty of color in higher education” by allowing minority students to work closely with a faculty member on their research while receiving financial support from the program. Through initiatives like this, more minority scholars will emerge in the next few years, enhancing Harvard’s ability to hire top-quality faculty from a variety of backgrounds...
Harvard may have been handed a better seed in the tournament, but Monmouth was ranked higher in the NSCAA/adidas National Rankings. The Hawks finished the season at No. 5, while the Crimson...