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...Merrill Lynch: "There is nothing wrong with cash." Yet be warned: yields on money-market funds and bank CDs are low and going lower. Don't plan on holding lots of cash for more than six months. One good option, says Bernstein, is Treasury bonds, which on a total-return basis have outperformed stocks in five of the past eight years--a first since the Depression. He believes that trend will hold this year. Bernstein also likes stocks of large-cap companies and, as a play on the weak dollar, foreign stocks that pay a dividend (in euros...
...Blue, for example, earned him a payoff of an estimated $500 million when the company went public, although the stock has since declined. When he fails, he always has an exit strategy. "If it doesn't work, we'll bow out gracefully," he says of Virgin America, where his total investment is $72 million. He put $25 million into Virgin Nigeria, but problems with the Nigerian government contributed to $82 million in losses last year, considerably reducing the profits of Virgin Atlantic, which owns a 49% share. Branson says he may reduce his stake in that business...
...everyone agrees. The Oroqen's traditions are eroding; their children speak only Mandarin. And they are now a minority in their own land. Immigration to Inner Mongolia has increased the total population of their banner to nearly 300,000, of which 90% are Han Chinese. "In the past, there was no road, no railroad. There were no Han people. There was nobody here," says Baiyaertu. "You could see deer, roe deer, everything. Now there are people here, and the animals have all gone." Faced with a dwindling supply of game, the government outlawed hunting on the Oroqen banner...
Some of the rise in C-sections can certainly be attributed to women with routine pregnancies, like Chung, who make a pragmatic decision to keep their deliveries just as uneventful. Preliminary data suggest that such cases account for anywhere from 4% to 18% of the total number of caesareans. On the medical side, better anesthesia and antibiotics are making the procedure safer. Add to that the growing number of women delaying childbirth, those having twins or triplets as a result of in vitro fertilization and America's exploding obesity epidemic--all of which increase the risks of vaginal delivery. Doctors...
...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...