Word: loaning
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...cops are on loan from Los Angeles, sent to tiny Nightmute, Alaska, to help an old pal, the police chief, solve the crime. They are, though, carrying some extra psychological baggage. Will is a great cop but has planted evidence to make his case against a child molester. Hap knows what happened and is going to talk to internal affairs, thus destroying a legendary career. So Will has a motive to kill him. And--this is the best part--his judgment is clouded by sleep deprivation. It is summertime in this land of the midnight sun, and the perpetual daylight...
...industrials such as Boeing, Bandag, Cooper Industries and DuPont, all of which have trailing PEs of less than 19. But some, like power-systems giant Eaton, have become expensive. Even if rates rise, banks like Bank of America and Bank One, which have below-market PEs, should rise as loan demand and credit quality improve. And it may pay to think small. In general, small-cap and mid-cap companies have more attractive valuations. Focus on well-run mutual funds that invest in companies with market values of less than $5 billion. Two solid choices are CGM Focus and Armada...
...region's star--have introduced tax reforms to encourage consumer spending, and others are pumping up demand with public expenditure. But the key driver of the recovery is easy money. Interest rates remain low, credit demand is up, and banks--the best of which have cleaned up their loan portfolios--are feeling generous again...
...Family-run companies in Asia have a lengthy record of lining the pockets of relatives and friends at the expense of ordinary investors through sometimes murky backroom deals. Last year, for example, a family controlling Hong Kong-listed leather trader Dah Hwa International awarded itself an unsecured, interest-free loan of $6.3 million. There was nothing illegal about it, nor is there anything illegal about the proposed Boto deal. But it's hard to argue that directors have minority shareholders' interests at heart...
...fleeting thoughts of retiring so she can keep her daughter on her health-insurance plan at $320 a month. The Nelsons are also prepared to spend an additional $600 or so each month to help their only child with living expenses and payments on a $15,000 student loan. "We'll happily underwrite this experience for her," says Annalise's father Jim, 67, a retired pastor in Minneapolis, Minn. "It's a good thing, though, that we live frugally and have the handy cash to be able to do this." Whether it's delaying retirement, putting off a major trip...