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That's why Bacardi paid $2.2 billion in 2004 for Grey Goose, then a record for a single label, and why distillers are releasing new vodkas each week. Leading the field is Smirnoff, owned by Britain's Diageo, which dropped out of the Absolut bidding to buy a 50% stake in the Dutch premium vodka Ketel One for $900 million...

Author: /time Magazine | Title: Stiff Drink | 4/17/2008 | See Source »

...large. Ditto for emerging markets and small-cap stocks. But big-cap U.S. stocks (especially in health care and consumer staples) may have shriveled too far. Real estate may have shrunk as a part of your portfolio too, but because most investors are homeowners, they already have a stake in that game. By all means, stick to your dollar-cost-averaging regimen, whereby market volatility actually boosts returns because you automatically buy while prices are down...

Author: /time Magazine | Title: Surviving Market Mayhem | 4/17/2008 | See Source »

...Last year France was shocked to lose its third-place position in global art sales to China, whose 7.3% stake ranked it behind 41.7% for the U.S. and 29.7% for Britain; France's take was just 6.4%, according to a recent study by art specialist Artprice. Just three decades ago, French art sales made up a quarter of the world total. But the picture gets even worse in the modern art sector, where French activity in 2007 represented a mere 2.8% stake of the world market, Artprice reported...

Author: /time Magazine | Title: French Art for the French | 4/16/2008 | See Source »

...which is a plus for investors. Together, they would have the most instant messenger users, the buzziest celebrity news site (AOL's TMZ.com), a leading business site (Yahoo Finance), along with a popular tech blog, (AOL's Engadget). The cash infusion from Time Warner (in exchange for a 20% stake in Yahoo/AOL), would enable Yahoo to buy back some of its stock, which would likely elevate its stock price. "The chief benefit to Yahoo is the avoidance of a Microsoft deal," notes analyst Greg Sterling...

Author: /time Magazine | Title: The Fight for Yahoo: Five Scenarios | 4/10/2008 | See Source »

...Polish are routinely taught in its courses. What unites these authors is English—not the nationality, which is implied by its placement alongside “American” in the current department name, but the language. This may appear insignificant, but there are larger principles at stake here. Without precision, language loses its meaning. In his famous essay, Politics and the English Language, George Orwell commented that a lack of carefully chosen diction and imagery marked the fundamental problem with modern writing. By finding a name that more accurately represents its function, Harvard’s English...

Author: By The Crimson Staff | Title: Dept. of Redundancy Department | 4/6/2008 | See Source »

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