Word: indexers
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...numbers don't lie, right? Because right now all the right ones are up, carrying with them Wall Street's hopes that a brisk economic recovery is finally here. Numbers like 54 - Friday's ISM manufacturing sector index for February, signaling the first growth in America's battered industrial sector since July 2000. Or 58 - Tuesday's ISM index for the services sector, highest since November 2000. Or 1.4 percent - revised GDP growth for the fourth quarter of 2001. Or 0.4 percent - which is how much consumer spending and personal income both rose in January, the biggest rise in eight...
...Then there's 262 and 217, the Dow's gains Friday and Monday, respectively, as the index posted its biggest back-to-back percentage gains since September. Then there's 3.5 percent, Merrill Lynch's brand-new forecast for GDP growth, revised upward Monday from 2.0 percent, and Morgan Stanley's even more bullish Monday upgrade to a forecast of 4.5 to 5 percent. And those forecasts are just for the first quarter...
Kenya ranks near the bottom of Berlin-based Transparency International's Corruption Perceptions Index, beaten only by such "show-me-the-money" countries as Nigeria and Indonesia. High-level corruption continues unabated, as evidenced by the 1990s Goldenberg scandal - named for a company that allegedly exported nonexistent gold and then claimed export credits from the Central Bank. The financial scam cost Kenya at least $400 million and allegedly involved top officials and senior politicians close to President Daniel arap Moi. International donors have frozen funds earmarked for Kenya in large part because of the country's failure...
...Kenyan chapter of Transparency International suggests that small, everyday bribes are just as costly as big-time fraud. Researchers asked more than 1,000 Kenyans how often they were hit up for bribes, how much they paid and whether things were getting worse. Respondents to the Kenyan Urban Bribery Index, as the survey is called, paid around 16 bribes a month, an average of $100 or one-third of respondents' mean monthly income. Most respondents said things were getting worse. The biggest bribe takers, according to the findings, are law-enforcement institutions like the police and the judiciary. The immigration...
...NCAA selection and seeding criteria, the rating percentages index (RPI)—a weighted average of a team’s record, its opponents’ records, and its opponents’ opponents’ records—is by far the most crucial for determining Harvard’s seeding...