Word: pax
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...centuries ago, Russia, Prussia, Britain and Austria rallied together to defeat Napoleonic France's bid for European hegemony. The miracle of the '90s has been the dog that didn't bark: Where is the opposition, where are the coalitions of second-rank states rising to challenge Pax Americana...
HIGH YIELD, HIGH GROUND The mutual-fund group Pax World has opened the first widely available High Yield Fund that invests only in socially responsible companies. That excludes firms that profit from firearms or tobacco. Although junk-bond funds in general have had a tough year, white-hat investing is gaining fans. Nationwide, dollars going into all socially responsible funds have risen 82% since 1997, to $2 trillion...
...mind if they test a nuke or two, the world of the 21st century is sure to be full of nations with nuclear arms. Is that what America wants? I have always looked up to the U.S. because it demonstrates the meaning of democracy, justice, equality and vision. Pax Americana is welcome because the U.S. has been reliable. But recently the U.S. hasn't been leading other countries into a bright future. It no longer seems able to keep pace with the progress of history. HIRO TAKAHASHI Hiroshima
...Scouting Report] The peacock was ruffled by the Viacom deal. It is now the only TV network without a production arm to create programming. For now, NBC is looking to expand its reach by possibly taking a 32% stake in Pax Communications...
...particularly cost-effective way to fill airtime. Or conglomerates with big movie libraries may decide that a mix of film and reruns may be the way to go. But who gets bought? One guy with plenty of prime real estate is Lowell Paxson, whose fledgling family-based Pax network has stations in 43 of the top 50 markets but isn?t now passing bottom-line muster. "If we?re going into the duopoly game, we?re the prettiest girl at the duop dance," he told the New York Times. If the price is right, it probably means goodbye "Little House...