Word: mutually
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They gave an awards ceremony last week, and an infomercial broke out--not to mention a Mutual of Omaha wildlife special, a dragfest (comedian ANDY DICK, left, as singer Christina Aguilera's "cousin Daphne") and a monster truck rally. (P. Diddy arrived on an 18-wheeler.) And those were some of the more dignified moments at the MTV Video Music Awards, a spectacle that started low and slithered downhill from there, landing in a lagoon of cheese, with BRITNEY SPEARS' joyless gyrations to her new single Slave 4 U. (She didn't like her boa, it seems.) The most curious...
...last year, while the S&P sank 9.1%. In the past 30 years, the annual average return on timber was 15.2%, against 13.2% for the S&P 500 index. Behind the strong performance: a resilient home-building sector. If housing stays strong, so will timber. As there's no mutual fund that's a pure play on timber, investors need to seek out specific companies, like Plum Creek Timber (PCL, up 10% this year) or Rayonier...
Sales of immediate fixed annuities are still dwarfed by those of deferred variable annuities, which consumers can buy in installments and which have payouts pegged to the performance of mutual funds. Americans ponied up $137 billion for variable annuities in 2000, compared with $122 billion in 1999. But the grizzly stock market is beginning to bite. Sales of variable annuities fell 21% in the first quarter of this year, the first decline in 22 quarters...
Unlike many universities, Harvard does not own its teaching hospitals, and as a result exerts only indirect control over their activities. HMS administrators said that the relationship hinges on the hospitals’ and the schools’ mutual benefit—HMS needs the hospitals to train its students, the hospitals need the school for the academic credentials it provides and the doctors it can help attract...
Summers consulted widely among Washington acquaintances in considering candidates, but is said to be sensitive to the perception that he is importing too much of Washington to Cambridge. Sources said that while Stone is not friends with Summers directly they likely have mutual friends...