Word: landmarks
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...held that stocks returned an average of more than 7 percentage points a year over risk-free government bills, and nearly always outdid bonds in any 20-year period. Yet this conventional wisdom may not be a reliable guide to the future, for Americans or anyone else. In a landmark new study, The Triumph of the Optimists, a trio of London Business School researchers crunched stock market data for 16 nations over the past 100 years. They found that after stretching the record back a bit further, U.S. shares actually returned only 6 points over bills on average. Worldwide, stock...
...focus group on its educational prospects. He was mesmerized by a musket demonstration in Great Falls, Mont., and the sight of a stuffed grizzly bear in nearly every public building, though he did question the need to drive 200 miles to see if Sacagawea's landmark of Beaverhead Rock really looks like one. (From the right angle, yes.) We hope you'll be inspired to see for yourself, because the trail has so many stories to tell...
...Hiddink has profited from the adulation. In addition to his $2 million coaching contract, he has been awarded $3 million-plus in bonuses for having brought his team this far in the Cup. So loved is Hiddink that he has been offered honorary citizenship, a landmark in Korean history. "People say I took a risk by coming to Korea," says Hiddink. "But this country has offered me more than I could imagine in return...
...surefire way to commit political suicide a few months ago was to oppose more school testing. The name of the landmark education bill President Bush signed in January--the No Child Left Behind Act--reflected the prevailing mood: to resist standardized tests was to desert kids. The legislation, which mandates annual testing in Grades 3 through 8, passed overwhelmingly. But as state legislatures sew up their budgets and students dive into year-end exams, a change is afoot--the sacred cow of school testing is getting tested itself...
...disputable, but one thing's certain - lawsuits and subscription sites haven't worked. The relationship between consumers and music has changed, and the record industry must find ways to adapt. EUROPEAN BUSINESS Merging Just Got a Little Easier Breaking up might still be hard to do, but two landmark cases by E.U. courts just made getting together in cross-border mergers easier. First the European Court of Justice radically restricted "golden shares," which permit governments to control privatized companies by blocking decisions like takeovers. The E.U.'s second-highest court then overturned the European Commission's 1999 decision to stop...