Word: shelters
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After this summer's market meltdown and the dollar's fall against the euro, who could blame the weary, wary American investor for seeking shelter overseas? Investing abroad is a logical choice to balance your portfolio. But how much? And where? Time senior writer Daniel Kadlec and reporter Jyoti Thottam asked three top portfolio managers, Gary Bergstrom, chairman of Acadian Asset Management; Barton Biggs, chairman of invest- ment management for Morgan Stanley; and Sarah Ketterer, CEO of Causeway Capital Management. Here are their top picks among overseas markets and some advice on the smartest ways to diversify globally...
...voucher-bearing families are expected to hit the market. The CHA's rapid rate of demolition is worsening the problem; so far 7,300 units have been demolished, but only 699 have been built, forcing tenants in and out of temporary housing as they vie for permanent shelter in a desperate game of musical chairs. At Cabrini a total of 922 units have been demolished, but only 700 new units will replace them, which means residents wishing to return will be selected by lottery. All others will be placed in housing elsewhere or will receive vouchers...
...stray gunfire that crackled through Cabrini after dark. Nearly anything would be safer than Cabrini, she reasoned. But just two months after she moved in, a vandal torched the building entryway. In the fire and smoke, all her possessions were lost. After enduring several days in a shelter, Berryman and her son squeezed into the three-bedroom apartment of her daughter Kizzy, 23, and her six children for a few months until the two could find a new place to stay. Their next stop was a $680-a-month two-bedroom on the city's West Side that was spacious...
...year and a half ago with the help of a Filipino priest. Last June, she returned to Korea hoping to marry her G.I. boyfriend, only to face another bitter disappointment. He beat her, she says, and almost smothered her with a pillow. So she went back to the shelter run by the Filipino priest. Downrange, some of the soldiers say they have heard stories like that. But a lot of guys are just young and lonely and looking for a woman to drink a beer with. "It's about companionship, it's not about sex," says a soldier...
...recent editorial, the Cape Cod Times—the Cape’s only daily paper—argues for the removal of the Hyannis homeless shelter from its current location. “If plans proceed to move the Cape’s only overnight shelter and related medical services from their downtown locations to a site further out of town—or even to another town—the prospect of some of the homeless panhandling on Main Street, sleeping on the village green and urinating on the sidewalks, may become less convenient...