Word: misse
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...market regains its footing. As ever, a rounded portfolio of individual stocks or mutual funds is best. For diversification at low cost, indexing is your best choice. To add stability to your portfolio, keep some bonds and cash or their equivalents (though not more than 15% cash, lest you miss a swift rebound). With interest rates likely to rise and push down bond prices, Treasury Inflation-Protection Securities, or tips, are a great choice. They guarantee you'll earn about 3% more than the inflation rate. Not bad when so many other things are falling...
...back in 1998 when the economy still was new, WorldCom CEO Bernie Ebbers was clinching his acquisition of long-distance giant MCI, and the Rev. Jesse Jackson had a bone to pick with him. Speaking at Tougaloo College--a cradle of the civil rights movement located near Clinton, Miss., where WorldCom is headquartered--Jackson rhetorically asked his audience why Ebbers could afford $37 billion for MCI but hadn't donated funds to local black students. Ebbers wasn't present, but LeRoy Walker Jr., a leading black businessman and Tougaloo board member, pulled Jackson aside to set him straight: Ebbers...
...nation's second largest long-distance firm--but also helping bridge the racial and economic divides that continue to plague Mississippi. A transplanted Canadian, Ebbers, 60, teaches Sunday school at his Baptist church each week, serves meals to the homeless at Frank's Famous Biscuits in downtown Jackson, Miss., lives modestly in a prefab home, wears jeans and boots to the office and has poured almost all his once considerable fortune back into his company. Walker says Ebbers "is too committed not to make a comeback...
...school in Jackson. He stayed on in Mississippi as a basketball coach and hotel owner. Then, in 1983, he met a group of investors who had come to technologically deprived central Mississippi to cash in on the federally mandated breakup of AT&T. Meeting at a diner in Hattiesburg, Miss., the group drew up the plans for LDDS (Long-Distance Discount Services) on a napkin...
...towering sign that welcomes visitors to the Golden Triangle. Across the main road, the strip of guesthouses, bars, restaurants, souvenir shops and accompanying lurid signage expands daily. "I used to grow tomatoes and tobacco, but I can make a lot more money selling shirts," she says. Does she miss the old days? "Well, it used to be quieter. It's not beautiful here like before. But the buses come every day now and they bring lots of business...