Word: lesses
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...sentenced in absentia to two years in jail on a conflict-of-interest conviction. Both camps have amassed vocal - and occasionally violent - supporters among a general populace that is ever more politically disillusioned. Results of a recently released nationwide poll by the nonprofit Asia Foundation found that less than one-third of Thais feel the country is moving in the right direction. In fact, the U.S. is so worried about the state of the nation that it recently committed funds through its Agency for International Development for democracy-building in Thailand, something it has not done for nearly 15 years...
...Megrahi affair might make the special relationship between the U.K. and the U.S. a bit less special? That's fine by me: the special relationship committed us to the senseless war in Iraq. If the release of al-Megrahi really was done to further British commercial interests in Libya, it was still the decision of an independent democracy and no different from what the U.S. would have done in similar circumstances. Chris Washington, Cheadle, England...
...year Treasuries returned more than 10% during that May-to-March period. And so - big surprise - investors have poured $240 billion into bond mutual funds so far this year, according to the Investment Company Institute. Stock funds - despite a big rebound in stock prices since March - have taken in less than $15 billion. (See 10 things to buy during the recession...
Atteberry is hoping to navigate the minefield ahead by holding only bonds that come due soon, which are less sensitive to changes in interest rates (but also have a lower yield than longer-dated bonds). He may ask FPA New Income's board for permission to increase the fund's limit on foreign bond holdings from its current 10%. And he has positive things to say about the inflation-indexed bonds that Treasury has issued since 1997, although he doesn't think they're a particularly good deal...
...will retail investors do once bonds have burned them too? Atteberry thinks many will just put their money in the bank. The trade-off there is a measly return: the highest savings-account rate in the land is currently just 1.83%, according to Bankrate.com and most banks pay far less. Less than inflation. But hey, at least the money's safe...