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Investor boldness is rising too, a bad sign. Measured by the Chicago Board Options Exchange's Market Volatility Index, otherwise known as the VIX, the investing public is less fearful now than at virtually any other point over the past five years. Recently, the VIX stood at 16, down from 50 when the rally began in October 2002. The last time investors were this fearless was in August 2000. And margin loans--the OxyContin of day-trading junkies--are up 16% this year...
...Mahathir should be praised for leading a once backward nation toward first-world standards of living. He also made the developing world proud when he stood up to international financial institutions and imposed capital controls. Further, his unflinching criticism of the U.S.'s unilateral and pre-emptive policy vis-?-vis "rogue states" should stand as a warning to sycophantic countries. Still, despite Malaysia's success, one has to wonder if it might have been possible for Mahathir to achieve all that he did without resorting to strong-arm tactics, like jailing his political rival Anwar Ibrahim. If development could...
...registered supporters received either an email or phone call asking for their decision on whether he should opt out of the matching bucks. Ballots went out Thursday, supporters get to vote through Friday night, Dean announces the results on Saturday. The Doctor made it clear where he stood when he announced the vote Wednesday: Accepting the funds, he told supporters in New York, ?will cap our spending at $45 million, giving the Bush campaign a spending advantage of $170 million, which they will use to define and distort us from March to August...
Perhaps not surprisingly, Hodel has always stood out as a model for her teammates—even in high school, when word of her talent preceded her arrival at preseason...
Heading to Cabot, McDaniel and Bryson stood out as the most lackadaisical of the group. “What do you have if you don’t have your friends?” McDaniel asked. Watching their competitors frantically inhale their chickwiches, Bryson observed, “The other guys are going way too fast. We’re just trying to pace ourselves.” McDaniel took time to appreciate the moment. “You’ve got to cool it down with the water,” McDaniel said, enjoying a refreshing...