Word: hotly
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Stock prices usually reflect underlying value. But stocks can also be affected by things like summer vacations among hedge fund managers, or by late-December window-dressing by mutual-fund managers who want to have the hot performers in their portfolio at year's end. Brian Belski, chief investment strategist at Oppenheimer, tells TIME's John Curran why these seasonal tea leaves are now bullish...
...metropolises are built next to an ocean, and it's only a matter of time before the next superstorm hits. If we can build back New Orleans in a way that is both sustainable and resilient, capable of surviving another Katrina, we all might be better prepared for the hot and unstable days to come...
...Edward Kennedy was buried Saturday on that spot and in that company. It was a hot, thick evening at the end of four long days of remembrance, summation and the grieving of friends, family and admirers. The hearse passed thousands of citizens who waited without wilting to pay their respects. Fading sunlight was softened by a few welcome clouds at the end of a blazing day. Night was falling. Cicadas chirped and thrummed. The faintest of breezes caught in the crowns of two maples flanking the opened ground. After the laughter and singing, the mixed smiles and tears...
...capitalize on the post-Baitullah confusion within the TTP will allow its new leader, Hakimullah Mehsud, to consolidate his position and reorganize the group. Officials in Washington say special envoy Richard Holbrooke and NATO commander General Stanley McChrystal have pressed the Pakistanis to strike while the iron is hot. But after initial promises to launch a ground offensive in South Waziristan, the Pakistanis have backed...
...Today, 172 suspected or convicted ETA members are serving time in French prisons, 157 of them Spanish nationals. In Spain itself, there are close to 750 currently in jail. Increased coordination between Paris and Madrid, meanwhile, made things so hot for ETA that its networks started searching for other places to plot strikes. "They tried Portugal, they even tested Morocco, but authorities in those countries saw the results of our cooperation and slammed the door on ETA before it could set up shop," the French official says. "We're all sharing information on ETA and moving to smoke...