Word: returns
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...about the very Singaporean dilemma of national service. So that their male scions may escape this obligation, some Singaporean families flee the country - like the family of Eddie in "Those Who Serve, Those Who Do Not." In this story, as in life, an absconder like Eddie can't return to Singapore without facing prosecution. But his sister Joanne returns from her comfortable, pseudo exile in Sydney to visit Uncle Sam and cousin Peter. They did not have the means of escape and instead relied on a powerfully Singaporean stoicism to get them through military duty, embodying qualities Joanne's family...
...Sprit--which was almost 21 times the Swedish firm's gross operating profit last year. As if to suggest that Pernod Ricard had overreached, Bruce Carbonari, CEO of Fortune Brands (which was trumped in the Absolut auction), claimed that the price for V&S would not provide an "appropriate return" for shareholders. Yet le patron remained unperturbed. Three years ago, the company leveraged itself heavily to acquire Britain's Allied Domecq, a $13 billion deal that doubled Pernod Ricard's size at a stroke and added such brands as Beefeater gin, Ballantine's whisky and Mumm sparkling wines...
...Merrill Lynch: "There is nothing wrong with cash." Yet be warned: yields on money-market funds and bank CDs are low and going lower. Don't plan on holding lots of cash for more than six months. One good option, says Bernstein, is Treasury bonds, which on a total-return basis have outperformed stocks in five of the past eight years--a first since the Depression. He believes that trend will hold this year. Bernstein also likes stocks of large-cap companies and, as a play on the weak dollar, foreign stocks that pay a dividend (in euros...
...lives), the country has stuck mainly to U.N. peacekeeping missions--a practice invented (as Canadians are fond of reminding visitors) in 1956 by Canadian Foreign Minister Lester Pearson. Having taken few casualties in the past half-century, Canadians have found it jarring to watch flag-draped coffins return to what can feel like a very small country. A public that has long seen its military as innocently patrolling the peace has had trouble adjusting to its forces engaging in a full-fledged, unconventional...
...earlier women have children, the less likely they are to earn a doctorate or land a high-paying job. After World War II, the baby boom began a boost in the birth rate and a drop in the median age of marriage. In return, women’s share of doctorates declined. Before World War II, however, women earned larger shares of doctorates than they did during the 1950s or 60s. In fact, women’s share of doctorates hit a record high in 1972—the same percentage it had reached...