Word: indexable
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Dates: during 2000-2009
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...most measures, Kelly Bliss, 50, surely seems to have let herself go. The Lansdowne, Pa., resident stands 5 ft. 2 in. in her stockings but tips the scales at nearly 200 lbs. Run those numbers through the body mass index (BMI)--the statistical measure that factors height and weight to diagnose obesity--and Bliss scores higher than 35. Anything above 25 is overweight; anything above 30 is obese. In the nation's ongoing war with obesity-related health problems, Bliss is one more casualty, right...
...says. "I buy stuff that's fraught with discomfort. I buy some terrible things." Yet these terrible things produce terrific returns. Wadhwaney's $1.26 billion mutual fund has racked up annualized gains of 22.5% since its birth three-and-a-half years ago?double the rise of a comparable index of non-U.S. stocks. (I've entrusted his firm, Third Avenue Management, with some of my own money for nearly a decade, though I don't own any of the stocks mentioned in this column.) At times, his willingness to buy what everyone else regards as toxic can seem...
Maybe it makes perfect sense that Steve Wynn would turn into the Mister Rogers of Las Vegas. Sitting in his new hotel in a red V-neck sweater and gray wool pants, Wynn, 63--famous for yelling at employees, taking up steer roping and accidentally shooting off his index finger in his office--is talking about building neighborhoods in his latest land of make-believe. Explaining that his hotel will be a mellow retreat, without the glitz and campy themes that have made him such a sensation in the past, Wynn breaks into a rendition of Bali Ha'ifrom South...
...cash buyers are paying through the nose. Borrowers are increasingly resorting to floating-rate and interest-only loans, which all but guarantee that they will pay more over the life of their loans. Officially, though, housing looks like a bargain. Why? The housing component of the Consumer Price Index (CPI) is based on rents, which are tame and in some regions have even fallen...
Even for Greenspan, whose sense of the pulse of the economy is legendary, the current financial environment has to be a source of concern, if not confusion. Although a key index of leading economic indicators fell in March, unemployment claims also dropped, by the biggest number in more than three years. The core index of consumer prices suffered its largest jump in nearly three years, yet the wages of most workers are not keeping pace...