Word: pay
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Dates: during 2000-2009
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...portfolio manager, Mark Oelschlager, says his fund always seeks out stocks based on valuation and long-term investment. His fund started moving into cyclical stocks and increasing risk late last year at a time when "fear was rampant" in the market because "it was mispriced," he says. "We pay a lot of attention to valuation," adds Oelschlager. "This paid off this year and we think it will pay off next year as well...
...have been flooding the airwaves with ads exhorting you to fork over your gold jewelry for dollars. And for the first time since 1971, when U.S. President Richard Nixon unilaterally yanked the world off the gold standard, gold is also attracting interest from a crowd that usually doesn't pay it much heed: the world's central bankers...
...used to be that to buy gold you had to actually buy gold. In 2003, I went to Manhattan's 47th Street jewelry district to purchase a few hundred dollars in gold coins. When informed that I had to pay cash, I left and never made it back. Dumb move, I know, but indicative of the less-than-investor-friendly ways of the business. One could buy stock in gold-mining companies, but that added a layer of volatility and risk. Since 2004, however, it's been possible - through exchange-traded funds (ETFs) - to effectively own gold without the hassle...
David Von Drehle picked the right guy to top your 10 Best College Presidents list [Nov. 23]. As you disclose, Gee took a pay cut to return to Ohio State University, but not reported is that he earned more than $220,000 in bonuses this year--all of which he gave back for student scholarships. Gee leads academics by inspiration. Buckeyes and the nation can now cheer for an OSU academic team that impacts the world with innovation...
...increasing pressure from Congress to justify its cost. Members of his own party are talking of a war tax, underscoring their opposition to reinforcing the 68,000 U.S. troops now there. "If this war is important enough to expand and fight, then it ought to be important enough to pay for," says Wisconsin Representative David Obey, chairman of the House Appropriations Committee...