Word: rathering
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...shares of AIG that Greenberg and a company he controls, Starr International, took when he left his former employer. AIG says those shares and the more than $4 billion in profits Starr International has reaped from past stock sales are the property of the insurer and its employees. But rather than fight over the merits of the case, both sides have spent the past few weeks arguing that they should win because what they plan to do with the money is more worthy than what the other side has planned. "You do see this sort of thing in cases that...
...during that time--$1 put into stocks in March 1969, with dividends reinvested over the years, was worth $280 after 40 years. But bonds did even better ($1 to $294). Siegel, who has debated Arnott on CNBC and elsewhere, sees this as evidence that bonds are now too expensive rather than an argument against stocks--and Arnott doesn't entirely disagree. "I'd hate to have people read that and construe that bonds will win over the next 40 years," he says...
...President is every bit as much a product of the show, but it's not just his age and mastery of the alphabet that make Obama the first Sesame Street President. The Obama presidency is a wholly American fusion of optimism, enterprise and earnestness - rather like the far-fetched proposal of 40 years ago to create a TV show that would prove that educational television need not be an oxymoron. Unlike Captain Kangaroo and Mr. Green Jeans in their idyllic Treasure House, or the leafy land of the suburban sitcom, Sesame's characters were colorful, their milieu was urban; there...
...economic opportunity and cultural autonomy for those who would otherwise constitute a political opposition. An Iran that did not pursue nuclear dreams might be able to maintain both a controlled, nondemocratic internal political system and an economy that was open to the world. China, after all, has managed something rather similar. An Iran that pursues its ambitions to be a nuclear power, however, will in the very best case be a country where an outward-oriented middle class feels increasingly disenfranchised, and hence likely to challenge the regime. The worst case, of course, is war, if Israel...
...personal transportation is starting to be in reach of hundreds of millions. Japan has seen steady annual sales of about 300,000 for several years, and in the cycle-crazy Netherlands e-bikes are beginning to take off. In the U.S., where bikes are still overwhelmingly used for recreation rather than transportation, e-bike sales are expected to break 200,000 this year, or about 1% of China's sales. (See 10 things to do in Shanghai...