Word: indexable
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...even during market downturns. His specialty is research into the effects that economic conditions may have on industries. "We look at the world from the bottom up," he says. Over the past three years, his stock portfolio managed to stay 20% ahead of the Standard & Poor's 500 index...
...electronic wizard chooses what stocks to buy and sell without further human meddling. Says LeBaron: "Other companies use computers as adjuncts to people. We've turned that concept around and put the computer in charge." The computer has done well, beating the Standard & Poor's 500 index by an annual average of 6% over the past ten years. As new clients have flocked to Batterymarch, the pool of assets it man ages has grown from $42 million in 1973 to more than $10 billion. LeBaron's personal income is at least $8 million a year...
Personal income, a key gauge of buying power, jumped ahead by 1.2% in October, the biggest surge in more than two years. At the same time, the Consumer Price Index rose only .4% during the month, continuing a trend of moderate increases that this year have pushed the rate of inflation ahead only about 4%. Says Consumer Expert Fabian Linden of the Conference Board, a business re-search group: "All the pieces are in place for a lively Christmas season...
Sylvia Meagher, a lifelong United Nations employee who wrote an exhaustive index of the Commission's exhibits, has said that the Commission's report "pronounces Oswald guilty," while the hearings and exhibits "create a reasonable doubt of Oswald's guilt and even a powerful presumption of his complete innocence." Her goal was not to sniff out and expose conspiracy theories, but rather to question whether the FBI and the Commission acted in good faith...
...index of how easily the question of redistribution is sloughed off in the U.S. is the way issues of world economic inequality are discussed. Last year, when most members of the International Monetary Fund (IMF) were calling for more loans to less developed countries, a New York Times news article in September carried a revealing description of the problem...