Word: modestic
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...Less ambiguous was the news that housing starts and permit applications are falling off too. Although the declines were modest, they're a signal that construction companies see demand for new homes dropping in the months ahead - and that's the slowdown again, in a sector whose surprising winter strength was supposed to mean that the worst of it wasn't going...
This photo provides the front cover of The Breakage; it also offers Maxwell an opportunity to reflect, in a typically local and modest way, on the First World War itself. He recalled, as he introduced the poem, a day in his own childhood when his family had taken his grandfather back to the battlefields of Northern France, “he had never spoken about his experiences there to anyone before, and after talking all day about it, he never did again...
...storm Kyoto has caused, its original provisions seem modest: a 5% reduction in emissions below 1990 levels for most industrialized nations, with the U.S.--as the world's worst CO2 offender--getting slapped with an incrementally tougher 7% cut. Developing countries that signed the treaty would get a pass for a while...
...shun foreign stocks. Instead, learn the smartest new thinking about how to play them. Modest exposure to foreign stocks--15% to 20% of a stock portfolio--can still help investors reduce risk while boosting returns. The key is owning the right foreign stocks. And these days that usually means focusing on small companies, which are best bought through a mutual fund. Why is smaller better? As the economy has gone global, large companies increasingly sell their stuff everywhere. Their fortunes (and stocks) move together. So Royal Dutch Shell doesn't provide much diversification if you already own Chevron...
...private lives, how much fun was the past decade? For most Americans it was a time of struggling to keep up with everyone who seemed to be making it big. Now that the bubble of financial speculation has burst, people should - and do - feel entitled to accept more modest aspirations. The real estate market was a prime example of a 1980s torture track. Americans started thinking of housing as a vehicle for getting rich, rather than as just shelter, and it became an obsession. Author Ann Beattie, a chronicler of the baby boom, fled Manhattan in the mid-1980s...