Word: indexation
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...weeks, the stock market had been toying with Dow 10,000, and on Wednesday afternoon it hit it. Considering that the large-company index went as low as 6,547 in March, that feels like cause for celebration. But is it really...
...such signal: stocks are about as expensive as they have been in the long term, even though the economy remains weak. According to data from Thomson Reuters, the companies in the S&P 500 index are trading at an average 15 times expected earnings over the next 12 months. That's a completely typical valuation. But this isn't a completely typical business environment. If the recovery is slow, and unemployment remains high - and both seem likely - then even a typical valuation will seem too optimistic...
...Whitopias can form even in the middle of diverse cities. How is that possible? People don't realize that diversity isn't the same as integration. Blacks and whites in New York, where I live, are as segregated today as in 1910 [based on a sociologists' segregation index that measures how much contact people of differing races have with one another...
...loop around the lectern. He speaks with the kind of proper British accent that makes Anglophiles swoon. As he makes an argument about the French Revolution, his throat wraps around certain words with a silky aggression that he punctuates by cocking an eyebrow or gesturing with his left hand, index finger and thumb closed into an “o” around a stub of chalk. His words are actually improvised. His paper schedule book, full of cross-country speaking engagements...
...true that the report also deems a war crime the Palestinian rocket fire from Gaza into Southern Israel. But a cursory glance at just the index of the 575-page document reveals that such an item—a miniscule part of the whole—hardly fits at all with the larger themes of the “balanced” document, balanced only in its different biases toward Israel...