Word: mutuals
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...gear up while you gear down. In his birthday toast, Jordan said, "Mr. President, if you're 53 and you wake up and nothing hurts, then you're dead." Clinton responded, "I'm not dead yet." Indeed, hurting is a way of life for the Clintons. Survival, like their mutual ambition, welds them together in a way that nothing can put asunder...
More than 30% of U.S. households own stocks of some form or another, whether in investment accounts, mutual funds or retirement plans, up from 12% just 10 years ago. While an ongoing bull market has lulled us into a sense of security about investing, the reality is we are taking greater risks with our money than any other generation in American history. Many of us even take this a step further, buying "speculative growth," i.e., highly risky Internet and technology stocks, breezily ignoring the potentially precipitous downside...
...proponent of the garish. The Kors aesthetic is one of beguiling luxury, and his Celine line--with its dramatic but unfussy suits, plush cashmere turtleneck sweaters, buttery leather coats and simply cut beaded gowns--is meant for the woman more than pleased with her mutual-fund performance but not about to make a big show of it. And not about to take off for Pluto anytime soon either. WHEN In stores...
...missile defense umbrella to its allies in Asia. "Both countries are concerned about the threat of internal disintegration, and that adds to the incentive to cooperate," says TIME U.N. correspondent William Dowell. "And both want to stop the world becoming a playground for the U.S. But centuries of mutual suspicion and hostility tend to make such alliances between them shortlived." Moscow and Beijing are expected to conclude a deal this week in which Russia will sell a large number of SU-30 jet fighters and other military hardware to China. Although border disputes had fueled their feud during the 1960s...
...This time I behave more maturely. My Schwab partners are Dan Hubbard and Rob Sinclaire, a service-enhancement senior manager. Our Presidio guide is Eddie Freyer, a longtime FBI agent and director of SWAT-team programs. We stride along enjoying the cool, moonlit night. Rob and I discuss our mutual fondness for Tony Hillerman's novels, even imagining we are helping Joe Leaphorn track a killer out there in the darkness. This time I focus and, encouraged by the goodwill of the other three, dare to suggest a shortcut, which saves us time. We quickly find all the checkpoints...