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...income but much better, at 39th, in the Human Development Index. These rankings convey Sen's powerful message: annual income growth is not enough to achieve development. Societies must pay attention to social goals as well, always leaning toward their most vulnerable citizens, and overcoming deep-rooted biases to invest in the health and well-being of girls as well as boys. In a world in which 1.5 billion people subsist on less than $1 a day, this Nobel Prize can be not just a celebration of a wonderful scholar but also a clarion call to attend to the urgent...
...Would the government have an ever greater incentive to control market fluctuations, if not the market itself? Could the government invest in a tobacco company? What about a company that was a toxic polluter a decade ago?" Levitt asked. "More broadly, assuming the government invests in individual equities as opposed to market indexes, would it be able to vote its shares...
Still, however, Lee still recommended that "Urban Outfitters invest in diversity training among its employees" in a second e-mail to Asian-American student groups...
With high earnings, surplus money accumulates easily, and many people think that savings are incidental. But practically nothing beyond a hand-to-mouth existence can be maintained without profitably invested savings. So even the desperate remedy of having artificially low interest rates to stimulate business in Asia and elsewhere is bound to fail unless accompanied by adequate voluntary or compulsory savings plans in which money is invested prudently. Excessive investment on credit in risky projects needs to be curbed. People should invest in such ideas only if they can carry the loss of the investment. JENS MEDER Auckland, New Zealand...
...invest in large companies, buy a low-fee index fund. But to invest in smaller stocks, it's worth paying more for an active fund manager. That's the upshot of a new study by Morningstar, which shows that for the five years ending Aug. 31, the S&P 500 index outperformed actively managed large-cap funds. Managed small-cap funds, however, almost always bested the Russell 2000 index...