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...approach, though, allows wiggle room to get more or less aggressive. Right now it pays to play things safe, says Richard Bernstein, chief investment strategist at Merrill Lynch: "There is nothing wrong with cash." Yet be warned: yields on money-market funds and bank CDs are low and going lower. Don't plan on holding lots of cash for more than six months. One good option, says Bernstein, is Treasury bonds, which on a total-return basis have outperformed stocks in five of the past eight years--a first since the Depression. He believes that trend will hold this year...
Tribeca Film Festival, April 23-May 4 Robert De Niro and two friends founded the Tribeca festival after Sept. 11 to help revitalize Lower Manhattan. Since then, it has become one of the most anticipated cinematic gatherings of the year by both the A-listers who want to promote their latest films and the moviegoers who flock to watch them. Aimed at supporting new talent, the festival shows independent films side-by-side with big-name blockbusters. There's also a drive-in, a live music lounge and a family street fair, so the fun doesn't end when...
...will agree to lower interest rates in exchange for Tal Ben-Shahar’s ’96 autograph...
These tactics of Clinton’s are not the tactics of well-intentioned democratic politics. They are the tactics of a campaign in the paroxysms of electoral death. And, as a consequence, the tenor of American political discourse ratchets one notch lower. It is unfortunate that any candidate who strays even the slightest bit from the accepted narrative of cultural pandering is immediately branded a cultural elitist. It is even more so that such a branding is coming from someone who’s supposed to be on the same side...
Unfortunately, Obama’s track from 1863 to 2008 railroads the facts. Economist Thomas Sowell recounts reality in his book, “Economic Facts and Fallacies.” Today, African Americans have the lowest marriage rate of any racial group in the country, and lower labor force participation rates than whites. At the turn of the 20th century, however, blacks had higher marriage rates than whites. They also had higher labor force participation rates than whites in every census from 1890 to 1950. The problems that Obama cites are recent trends, not ancestral legacies...