Word: reservee
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This cross-pollination of executives among CAC 40 firms in France has created a tight-knit milieu where business and personal interests are intertwined in what might raise conflict-of-interest concerns elsewhere. But because of the historical coziness of corporate France - and the current conservative government's pro-business...
Since most ETFs only mirror a market index, such as the S&P 500, they won't outperform the index. But increasingly, investors see that outperformance quest as more of a pipe dream. "Only 20% of [mutual-fund] portfolio managers actually beat the index that they're tracking," says John...
To curb property speculation, Beijing has reintroduced a sales tax on residences resold within five years of their purchase. Earlier this month the State Council introduced a rule that requires a 40% down payment on the purchase of a second home, and on Jan. 12, China's central bank raised...
See TIME's 2009 Person of the Year: Federal Reserve Chairman Ben Bernanke.
"The Federal Reserve has pressed the cost of the capital for the banks down to zero, and they still can't earn a large profit," says top Wall Street strategist Robert Arnott of Research Affiliates. "That's a problem."