Word: turmoil
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...given the ongoing turmoil in Asian currency and stock markets and the litany of special risks associated with places like Russia, China and Argentina, some homesick investors may be second-guessing their decision to become players in the ballyhooed global economy. Certainly, the carnage in Asia has been enough to give anyone doubts. In a move most pros didn't see coming, Thailand devalued its currency, the baht, on July 2. Thai stocks promptly skidded 30% and sent tremors through markets in the Philippines, Malaysia, Indonesia, Singapore and Hong Kong. Stock funds heavily invested in the region fell an average...
...about as cheap as any. It is also the region with the lowest correlation to the U.S. market, meaning that stocks there could easily rise even if the U.S. market goes into a long decline. The big problem is that no one knows for sure if the current turmoil is reaching an end. Despite that, Eric Fry, president of the money-management firm Holl International in San Francisco, is jumping in with both feet...
Carpenter-McMillan is the source of the Jones team turmoil. After a three-year friendship with Jones, she decided the attorneys weren't doing enough to counter damaging publicity about Jones. "Joe [Cammarata] didn't want to say anything, and that's why I got involved," she says. Opponents say Jones has been body-snatched by the Clinton bashers. "This thing was political from the beginning, and now it's gotten more political," says James Carville, Clinton's former campaign manager and Jones' fiercest public critic...
...hamstrung by outmoded management. Though the factories employ 110 million workers, they can barely pay them, and while these businesses soak up 90% of loans from state banks, they account for only a third of China's total industrial output. But Beijing has always been afraid of the social turmoil that could be unleashed if millions of those workers were dismissed...
...forces--high crime, low test scores, family breakdown, joblessness, poverty--worsen for black communities in the years after 1970? The book suggests it was ugly black rhetoric, ensuing white anger and the failures of affirmative action that accelerated pathologies in black communities--not the rise of drug use, or turmoil over the Vietnam War, or changing sexual mores, or a general cynicism about authority, which affected society in general. Can we be definitive about what went wrong here? "Nobody knows the answer," Abigail told TIME...