Word: one-third
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BERNSTEIN: Yes. We looked at 1943 to the present and tested different periods. The results were consistent. Under Democrats, the optimal asset allocation is two-thirds stocks, one-third bonds. Under Republicans, it is 64% bonds, 36% equities. Consumer stocks perform better under Republicans, and industrials tend to perform better under Democrats. The one that really shocked us: energy tends to perform better under Democrats...
...number of not-for-profit foundations throughout Europe. And a network of foundations is beginning to lobby for pan-European legislation. According to the Brussels-based European Foundation Centre, about a quarter of the 61,000 foundations in the European Union were established in the past decade. In Belgium, one-third of the country's 323 foundations were created after 1990. Growth is particularly strong in Germany, where more than 3,000 of the nation's 12,000 foundations have been created since...
Even populations inside wildlife sanctuaries are not necessarily secure. In 1994 one-third of the lions in the Serengeti died from an outbreak of canine distemper, a viral infection transmitted by feral dogs. Inbreeding, a problem on small, isolated reserves, makes big cats more vulnerable to disease. African lions, says Frank, who is also funded by WCS, "are heading toward the tiger situation in Asia--small populations in widely separated national parks. Inbreeding, disease and political instability [which has sometimes disrupted management of parks] will soon destroy those populations...
...violated patents held by a rival, the company could be barred from selling in the U.S. And Lazaridis has to worry that his licensees might kill his hardware business--although, even if they do, RIM still has a healthy software and services business, which brings in close to one-third of its revenues. BlackBerry's success has made Lazaridis wealthy enough to donate more than $100 million to his other passion--quantum computing research--at the University of Waterloo, where the former dropout is now chancellor. One more reason for techies to give him the thumbs-up. --By Mark Halper...
Take, for example, mistakes with medications. In 2002 about 500 hospitals and health-care facilities across the country reported almost 200,000 mistakes in prescribing and dispensing medicine, according to the United States Pharmacopeia, the organization that sets standards for prescription and nonprescription drugs. More than one-third of these mistakes involved adults 65 and older. "The average hospitalized patient in this age group gets between eight and 14 different medications every day," says Dr. Christine Cassell, president of the American Board of Internal Medicine. "It's not surprising that mistakes occur...