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American politicians have a tendency to attach too much hope to elections as a salvation for long-oppressed peoples. But we've learned in Iraq that a vote can't deliver citizens from harm if it doesn't also deliver good government. Getting the winners of Afghanistan's election to rule well will be the Obama Administration's main challenge...
Edmund Phelps, a Nobel Prize - winning economist at Columbia University, thinks people should take something else into consideration: Do you really want the bulk of your wealth tied up in a single asset? As we've been reminded, real estate carries risks just like any other investment...
...other words, maybe the calculus of ownership should include a measure of enjoying ourselves at home - whether it's one we've rented or one we've bought...
...foreign-exchange salesmen and later in charge of all foreign-exchange business. Rubin, then on the firm's management committee and responsible for both risk arbitrage and J. Aron, had advised Winkelman against it. According to Charles Ellis' 2008 book about Goldman, The Partnership, Rubin told him, "We've never seen it work to put salespeople in charge of trading in other areas of the firm. Are you pretty sure of your analysis...
That uncertainty is translating into savings. But before you put yourself behind the wheel, ask two big questions: Should I get a new or a used car? And should I lease or buy? The experts' short answers are the same as they've always been: it depends on your finances, what you want from a vehicle and your number-crunching acuity...