Word: indexable
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...Euro-Asia is raked through the muck, the concern now is that other listed private Chinese companies will be splattered. A UBS Warburg index of 20 of these so-called "private chips" has fallen 10% since it was inaugurated in January 2001. That's far less than the 45% fall of Hong Kong's benchmark Hang Seng Index. But p-chips plunged three percentage points since the Yang scandal broke. Because of the lack of transparency and secrecy among Mainland companies, "it is quite difficult to sort out which are the reliable ones and which are the crooks," says Willis...
...early 1990s, Estonia slashed nearly all state subsidies, privatized virtually all state assets and unilaterally dropped all trade tariffs. As a result, the country's GDP is growing at more than 5% and it is tied for fourth (with Ireland, among others, ironically enough) in the Heritage Foundation's index of economic freedom. Perversely, in order to join the E.U., Estonia will be required to become more protectionist - reimposing several thousand tariffs it had previously abolished. Employers grouse about workplace regulations, from paid vacations to health and safety standards, designed for countries whose GDP per head is three times greater...
...manager of Memorial Hall, who explained that John Adams hasn’t always appeared to be flipping people off. “It started out with students putting things on his hand, like the lobster shells on clambake night. One year he appeared to be pointing with his index finger. It’s been a slow evolution to the middle finger...
Reeve was talking to Dana in a sunny reading room and was trying to make a point emphatically. "Suddenly," says Reeve, "my index finger rose and fell. Dana asked if I was doing it on purpose. I said no, and she said, 'Well...
...Vice Fund. And its strategy is no joke. Over the past five years, stocks from the sectors represented in the Vice Fund have, in aggregate, appreciated about four times as much as the S&P 500--and nearly 11 times as much as those in the Domini 400 index of socially responsible stocks. While more than 90% of the Vice Fund's holdings will be in battleships, blackjack, booze and butts, its managers plan to hedge a bit into stocks like Harley-Davidson. "It's not really a vice," fund co-manager Dan Ahrens, 36, admits. "But I think...