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...domestic equity funds that at least doubled the market's return, only 12% are ranked as S&P five-star funds. In fact, 19% are now ranked with a one- or two-star rating, effectively placing them in the bottom half of funds on overall attractiveness. "These funds have relatively weak fundamentals that contribute negatively to the ranking," S&P's analysts note in their report. The reasons cited for such low star rankings: many own overvalued or risky stocks, have managers with short tenures, have high costs or offer poor long-term performance...
...research team cited Hotchkis & Wiley Mid-Cap Value Fund, Legg Mason Capital Management Opportunities Trust and Fidelity Select Automotive Portfolio as examples of funds that had eye-popping 2009 returns, but are currently ranked as two-star funds...
Brothers was the weekend's prestige item: a family drama starring Spider-Man (Tobey Maguire), a Star Wars princess (Natalie Portman) and the surviving dude from Brokeback Mountain (Jake Gyllenhaal). Big stars when they're in big movies, the trio will have a tougher time selling this honorable tale of war and woe; Brothers finished third with $9.7 million. Three slots further down, the heist film Armored swiped $6.6 million, or less than a sixth of the amount the guys in the movie are stealing. That's pretty feeble for the week's only new action film, whose low-wattage...
Meanwhile, over in California, the Marin Composting Portable Odorless Outhouse Project, a.k.a. MCPOOP, is doing Klehm one better. The goal of MCPOOP (which is pronounced the Irish way as opposed to the rap-star way) is to get the government into the night-soil business and put humanure toilets in county parks and town squares. The group is less than a month old but already has the support of the local environmental establishment and Marin County supervisor Steve Kinsey. "The whole thing is like a good acid flashback," says Kinsey. "We approved several experimental permits like this...
...lead. A low-profile figure during nine years in Congress, the bookish-looking lawmaker was pushed to the limelight just a few months ago after the death of his admired mother Corazon, a former president and symbol of democacy during the anti-Marcos struggle. Some pundits predicted his star would quickly fade, but that hasn't happened. Manuel Villar, a rags-to-riches real estate developer born in Manila's Tondo port area, is placing second. Behind him is ousted former president Joseph "Erap" Estrada. He was convicted on corruption charges in 2007, sentenced to life imprisonment and then pardoned...