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...main difference between the two experts really comes down to how confident each is that it's possible to pick winners. Arnott makes a living trying to do just that--his firm Research Affiliates manages the PIMCO All Asset Fund, which switches money between asset classes as conditions and prices change. For the past few months, his favorites have been high-yield (junk) and investment-grade corporate bonds and convertible bonds. Siegel favors simplicity--and stocks. "My feeling is that stocks over the next 10 to 20 years are going to give above-average returns," he says...
...were other military advances against insurgent outposts - barely noticed by the global media - taking place in valleys not so far away. In late May, Uzbek soldiers and tanks patrolled parts of the troubled Ferghana Valley following shootouts with suspected Islamist extremists and a suicide bombing in the valley's main city of Andijan. In neighboring Tajikistan, government forces fanned out across the remote Rasht Valley in a supposed attempt to hunt down a notorious militant commander named Abdullo Rakhimov. The veteran jihadi, according to some local reports, had recently abandoned Taliban allies in Pakistan to resume the struggle...
...course, there is political calculation to Khamenei's investigation. It neutralizes the main demand around which the opposition is rallying on the streets and imposes a de facto 10-day cooling-off period that could sap, even demoralize, the anti-Ahamdinejad demonstrations. The huge rally in support of Mir-Hossein Mousavi in Tehran on Monday is enough to make any ruler, autocrat or not, tremble. All of this opens the Supreme Leader's window of vulnerability to one very powerful enemy. (See pictures from Iran's tumultuous election...
...main impetus for this speculation is the influence in both groups of Ayatullah Akbar Hashemi Rafsanjani, the last surviving powerful member of the revolution's founding fathers. Rafsanjani was a very loud critic of Ahmadinejad, and thus indirectly of the President's patron, the Supreme Leader. Since 2007, Rafsanjani has been the chairman of the Assembly of Experts, which has the power to call for Khamenei's ouster. He is also the chairman of an important advisory body that has dealings with the Guardian Council. Throwing the investigation into the hands of the council may be an attempt by Khamenei...
...From revolution to freedom" - that was the message that spread among supporters of Iranian opposition leader Mir-Hossein Mousavi today. The phrase refers to the two main squares in midtown Tehran, where a large demonstration took place to protest what millions of Iranians believe was a rigged presidential election. And although the Interior Ministry kept broadcasting a communiqué warning that no permit had been issued for the rally, 2 million to 3 million Iranians from a broad cross section of society converged on Freedom Square to demand a recount...