Word: indexation
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...discomfiting thought right now, when the word bubble is being bandied about to describe emerging markets. Stock markets from Mumbai to Shanghai have been hitting record highs with giddy regularity recently, in spite of dangers such as the murky outlook for the U.S. economy. The CSI 300, a benchmark index for China stocks, has nearly quadrupled in the past year, while India's Sensex index is up 35% since January. Even Nigeria's stock market, a relative newcomer to the radar screen of global investors, has jumped almost 60% in 2007. (The value of stocks listed in Nigeria...
...been rising rapidly. But so have corporate earnings during what has become an epic global economic boom. As a result, emerging-market stocks still look relatively cheap. Based on projected 12-month earnings, the average price-to-earnings (P/E) ratio of companies in emerging countries tracked by the MSCI index is 13. For the MSCI World Index, which includes developed countries, the average...
...best-seller lists since May, thanks in part to an eager community of online fans. They apparently have too much time on their hands. The author cites his own improbable résumé--Guinness world-record holder in tango, actor on hit TV series in China and Hong Kong, glycemic-index researcher and shark diver, among other things--to convince readers that luxury and excitement are within anyone's reach. The upshot of his advice? Outsource all your menial work to someone else and think up a clever Web-based business to bankroll the fun stuff. Snake-oil salesman or guru...
...seeming robustness, is not indestructible. There's a lot that can throw it out of balance-particularly family dysfunction. In a 2005 study, investigators at the University of Birmingham in Britain examined the case histories of 400 abused children and the 795 siblings of those so-called index kids. In general, they found that when only one child in the family was abused, the scapegoat was usually the eldest. When a younger child was abused, some or all of the other kids usually were as well. Mistreatment of any of the children usually breaks the bond the parents have with...
...Medina ’09. “It’s to let people know you have people backing you up whether you’re queer or straight.” By the end of the event, about 125 supporters had written their names on brightly colored index cards, which were taped together to form a quilt. The quilt, the centerpiece of yesterday’s celebration, was modeled after the NAMES Project Foundation’s AIDS Memorial Quilt, which was unveiled 20 years ago. “Normally we just have people sign a paper...