Word: stockings
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...such varieties but we've forgotten about them during the last 40-50 years of high-input agriculture. She says better crops need to be re-discovered and developed through traditional methods as well as new technologies such as genetically modified seeds. "And we need to build a buffer stock of such seeds," she adds. If India hopes to get back and stay on a high-growth trajectory, it cannot afford to leave its fate at the mercy of the skies...
...good news, at least from one perspective, is that despite the market's run-up and the still soft economy, stocks remain on pretty solid ground. So says Leon Cooperman, who runs Omega Advisors, a New York City hedge fund. Cooperman spent decades guiding the investment-policy committee at Goldman Sachs; he's long been considered a tough-minded, analytical sort with savvy instincts. (Read an interview with 2008's No. 1 stock picker...
...with interest rates remaining low, Cooperman says, the value of stocks is appealing. Indeed, whether measured against Treasury-bond yields or corporate-bond yields, he says, the stock market appears not only fairly valued but perhaps even be relatively cheap. And with the darkest hours of the financial crisis now behind us, so too, Cooperman believes, are the stock-market lows of March, not likely to be seen again anytime soon. "The lows [of this stock-market cycle] are in," he flatly told his audience. He then repeated the line with gusto, as if to jog a crowd still paralyzed...
...Stock-market valuation is an inexact science, and it offers no guarantee that the market will not correct sharply after its big run-up. Indeed, even Cooperman expects the months ahead to be characterized by a trading-range market, with a lot of backing and filling. But in fits and starts, he believes, it will edge higher over the next 12 months. Perhaps it's a mark of these unusual times that such a modestly bullish forecast felt bold; it's another such mark that professional investors are just as skittish about the market as the little...
Phebe Eckfeldt, a HUCTW member and staffer in the admissions office, similarly said at the protest that "a job is a right and Harvard has to give it to us." She also said that she believed "an orgy of speculation on the stock market" triggered the current crisis, and that the announced layoffs were an attempt to "bust" unions at the University...