Word: pay
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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...
...little to help win support of the Pashtuns, the country's largest ethnic group and the one among which the insurgency is based. Unlike Iraq, Afghanistan had no powerful army or strong state before the U.S. went in - nor does it have the oil wealth that allows Iraq to pay for its own armed forces. There's also the question of whether they'll be willing to fight the Taliban on behalf of a foreign-backed government...
...Rahman, the chemistry teacher, has a list of ideas to beef up security, ranging from hiring more trained security guards to adding CCTV cameras, but he doesn't expect any of them to happen because the school can't pay for them and the government isn't willing to pick up the tab, he says. "It shouldn't put the [responsibility for] funding on the college for everything," he says...