Word: solidated
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...funds will rise from 21% in 2003 to 50% in 2005. What's the attraction? Huge returns. In 2003, hedge funds globally returned an estimated 13%, with a projection to do the same this year. That's more than double the projected return for equities. "We're looking for solid returns," says Malcolm Gray, finance director of Railpen Investments, the investment arm of Britain's Railways Pension scheme, which last month said it would invest $1.1 billion in hedge funds. "We think the price of bonds is too high; we're worried about the price-earnings ratios of equities. [With...
...spectacular star performance in a rapturous ode to love and loss set in China's past, present and future. The year is still young, but - in its passion, its craft, its belief in the grace and pain of love - 2046 may be the film of 2004. If Cannes' solid program lacked anything, it was an old-fashioned film scandale. In another venue, Fahrenheit 9/11 might have done the trick; but since nearly everyone at Cannes is left wing, the debate was minimal (except for Godard, who impishly said the film would help re-elect Bush). British director Michael Winterbottom...
...just say Medieval cathedrals, name nine. Think up a few specific examples of “contemporary decadence,” like Natalie Wood. If you can’t come up with titles, try a few sharp metaphors of your own; they at least have the solid clink of pseudo-facts...
Qualia's extravagance gets a bit out of hand with the $1,900 MiniDisc player (also out in June), which is chrome plated, carved out of solid brass--to eliminate structural seams that weaken over time--and accompanied by silicone-tipped brass earbuds. Sure, it basically performs the same functions as a run-of-the-mill $80 player, but its slick, cold body has a heft that's absolutely seductive...
...democracy doesn't easily lend itself to evangelism; it requires more than faith. It requires a solid, educated middle class and a sophisticated understanding of law, transparency and minority rights. It certainly can't be imposed by outsiders, not in a fractious region where outsiders are considered infidels. This is not rocket science. It is conventional wisdom among democracy and human-rights activists--and yet the Administration allowed itself to be blinded by righteousness. Why? Because moral pomposity is almost always a camouflage for baser fears and desires. Bush, Cheney, Rumsfeld and the neoconservatives share a primal belief...