Word: keeping
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...ultimate blame for Detroit goes to the voters who elected Coleman Young mayor five times despite his constant race-baiting of white suburbanites and his unwillingness to work with corporations to keep them in the city to help jump-start the economy. Hopefully, Detroit voters will now realize that electing politicians who scapegoat others instead of finding solutions are not looking out for their best interests...
...volatile markets)? A starting balance of $100,000 that was 60% stocks and 40% bonds in 1970 and was never rebalanced would have grown to $2.9 million by 2008. That same portfolio rebalanced annually would have grown to $3.5 million, according to the Schwab Center for Financial Research. Keep at least 25% of your stock allocation in foreign companies to hedge against a weak dollar and a lagging U.S. economy. Limit your Treasury securities to 10% of your bond holdings to hedge against a widely anticipated surge in government borrowing rates. (See 10 things to do with your money right...
...called the chief electoral officer to express my concern. Within two hours, I found myself summoned to meet the Foreign Minister, who, on direct instructions from Karzai, protested my interference in the Afghan election process. At that time, however, my intervention was successful, and the IEC voted to keep the safeguards...
Days later, the IEC discovered that sticking to its published safeguards would exclude enough fraudulent Karzai ballots to keep his total below 50%. This would lead to a second-round runoff, which Karzai desperately hoped to avoid. The IEC reconvened and voted 6 to 1 to drop safeguards, explaining that the commissioners had just read the Afghan election law and discovered that they had no authority to throw out fraudulent votes. This novel and inventive reading of the law did not convince many Afghans. My boss, however, sided with Karzai, and I was ordered to drop the matter. Four days...
With a relieved wave, the boatman let me off at a souk filled with Indians, Pakistanis, Filipinos and Yemenis - the immigrants who built Dubai and keep it ticking. But even there the mood was grim. The best-selling items were suitcases. At the rate of 5,000 a day, workers are heading home. Once, the world came to Dubai. Now all that's left of the World in Dubai is hundreds of empty islands...