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...Point taken. So in a poor economy, where should investors be putting their money? What is likely to flourish? I am still very leery of the financials or anything remotely connected to U.S. consumer discretionary activity. I think that we are in a new paradigm of frugality that is widespread geographically and across income strata. It's not a cyclical theme but a secular theme. I want to be situated in areas of the market that don't have a lot of cyclicality in terms of consumer spending - or capital spending, for that matter. I favor staples stocks (food, beverage...
...claim that both students and House officials saw as insufficient. According to Dean of the Faculty of Arts and Sciences Michael D. Smith, slashing late-night shuttle services was one of the budget cuts that College administrators did not “flag” beforehand in anticipation of widespread student opposition. House administrators, including incoming Pforzheimer House Master Nicholas A. Christakis, said they were concerned that the potential cut, coupled with the closing of the Quad library next year, would disproportionately af“The decision to shut down the Quad library was shocking,” said...
...systems and causing millions of dollars in damage; after years eluding capture, he spent half a decade behind bars in the 1990s and was ordered to stay away from computers for three additional years. The "Melissa" and "I Love You" viruses of the late 1990s and early 2000s drew widespread attention to expanding cyberthreats and jump-started the sale of virus- and worm-protection software, now a multibillion-dollar industry...
...Korea's Kim-in-waiting has become apparent in the past month, analysts believe. In late April, he was named to the country's all-powerful National Defense Commission, a sign to North Korea analysts that he indeed is being groomed as his father's successor. There has been widespread speculation that uncertainty about a possible transition in the North is part of the reason for Pyongyang's recent, dramatic acts of defiance: a long-range rocket launch in early April, and last week's underground nuclear test and multiple missile launches. North Korea's politically powerful military is thought...
...played a key role in quieting war drums in the Andes when a crisis broke out among Colombia, Ecuador and Venezuela over leftist guerrillas and territorial sovereignty. But he also took heat last fall for what critics called an all too OAS-like soft response to credible charges of widespread, government-orchestrated vote fraud that erupted after elections in Nicaragua. As a result, how Insulza handles the Cuba question this week will have a lot to say about how much importance the OAS carries in the new century...