Word: mutuals
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...themselves too seriously though. As a kind of self-mocking joke, they routinely perform a cover of Euro Trash Girl by the American rock band Cracker, a song satirizing expatriate life in Europe. "We're very excited about coming to America," says Murray-Leslie, sincerely. The feeling should be mutual...
After her husband is sworn in, Cheney will return to her positions on the boards of Reader's Digest and AXP Mutual, a subsidiary of American Express. Citing time constraints, she has resigned from the boards of two other firms--including defense contractor Lockheed Martin--but will continue her association with the American Enterprise Institute, a conservative Washington think tank. And why not? At 59, Cheney has a life. "I have worked in some fashion my whole life," she told TIME. "It would seem as if I were turning into someone who was not me if I were to take...
...syndicated "Change of Heart," which sends couples on dates with other people to compare notes, and somehow the watchdog groups that jumped on "Temptation" haven't seen fit to launch a crusade against that show. The fact is, "controversies" over shows like "Temptation Island" are simply cynical exercises in mutual masturbation through the media. The moralist groups get a soapbox; Fox gets days of free advertising for a show that would otherwise have been lucky to beat out "Blind Date...
...utilities and real estate investment trusts; and beaten-down cyclical stocks like home builders and retailers, which will rebound with a recovery. Some stocks in these groups have risen sharply in the past year, especially utilities, so pay attention to valuations. Or you can diversify easily through value-oriented mutual funds, like Clipper and Berger Small Cap Value...
...Mutual funds are especially helpful in gaining exposure to stocks in other countries, and when reaching down to smaller, less understood companies. Exposure to both areas is a good way to further diversify and reduce risk. Small-cap stocks have outperformed large caps this year. And they can help you even overseas. A recent study by Kirk Butler, a finance professor at Michigan State University, finds that especially in down markets, the fortunes of multinationals across the globe tend to move together. That's because they all sell their stuff everywhere. That's less true of small companies, though, which...