Word: indexes
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...With the government and the central bank coordinating more closely, the economy slowly revived. It's now in full swing, enjoying one of its longest postwar expansions. GDP grew 3.2% in the last fiscal year and the Nikkei stock index is up 66% in three years. Spending is up, wages are up, even property prices are rising again, and unemployment is at an eight-year low. With conditions improving, Fukui has made no secret of his desire to end the anomalous zero-interest era, saying he favors acting early and in small steps. In March, the BOJ declared...
Abeer's brother Mohammed, 13, told TIME he once watched his sister, frozen in fear, as a U.S. soldier ran his index finger down her cheek. Mohammed has since learned that soldier's name: Steven Green. Last week Green, 21, a former Army private first class who was honorably discharged because of a "personality disorder" a month before the criminal allegations came to light, pleaded not guilty to charges of raping Abeer and killing her along with her parents and 7-year-old sister. Five other soldiers have been charged, four of them for conspiring with Green...
...hurry than to bet on Indian stocks. Millions of Indians were finally clawing their way into the middle class, creating a new domestic consumer market, while companies in Bombay and Bangalore emerged as global players in everything from outsourcing to pharmaceuticals. Investors went crazy. India's main stock index, the Sensex, has more than tripled in the past three years. One giddy investing show on Indian TV has even dubbed itself Sensex and the City...
...Jones Industrial Average losing all the ground it had gained so far this year. Japan's stock market is down 11% on the year; gold has had its biggest slide in a decade and a half; and many emerging markets are wobbling. After Wednesday's Consumer Price Index report from the Labor Department, which showed a 0.4 percent increase in prices for May (core inflation, which excludes food and energy, rose 0.3 percent), the stock market made a comeback. But with future interest rate hikes now starting to be priced into the market, investor fears that central bankers around...
...Michael Atiyah is a British mathematician who made field-changing discoveries in string theory and superspace beginning over four decades ago. After winning the Fields Medal in 1966 for his work on topological K-Theory, Atiyah continued to revolutionize mathematical subfields, including geometry and theoretical physics. The Atiyah-Singer Index Theorem, which he developed with MIT’s Isadore M. Singer, earned the duo the 2004 Abel Prize, given by the Norwegian Academy of Science and Letters...