Word: traded
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Dates: during 1990-1999
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Lawrence, who is Williams Professor of International Trade and Investment at KSG, is currently on leave from the University and working in Washington...
...quiet settled over American politicians in the wake of the nightmare at Columbine High. Not absolute silence, mind you--there's only so much we can expect of our politicians--but quiet: a kind of humility that suggested they knew they had come up against the limits of their trade...
...Value investing still works. "I like to look at asset plays, stuff that makes sense no matter which way the market goes," says Carl Icahn, one of the few '80s raiders still plying that trade. Buying stocks with low multiples of earnings is out of fashion in today's Internet market. But that's where the long-term values...
...TRADE WINDS He rode the tech wave skillfully, but now Fidelity Magellan manager Robert Stansky seems a bit wary. Over the past few months, Stansky has lightened his tech load, from 25% to 20%, replacing Intel and Lucent at the top of his portfolio with Citigroup and Time Warner [parent of TIME's publisher]. He still has Microsoft, MCI WorldCom, AOL and Cisco (along with GE, Home Depot, Wal-Mart and Merck) at the core, a strategy that's working; so far, he's still beating the S&P, with a 12% return this year...
Barely a month after the World Trade Organization?s settlement of the banana war between the U.S. and Europe, the food fight between the two continental trade giants continues. On Monday, beef was once again served up on the table of disputes as a May 13 deadline approaches for the European Union to lift its ban on hormone-treated beef from the U.S. The latest bone of contention: a report from European Union scientific experts stating that one of six typically used hormones used "has an inherent risk of causing cancer." The response from the U.S. side: baloney. "This...