Word: yen
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Over time he gave up the drinking bouts, but he never quite kicked the periodic yen for dice. In the past decade, he has played on Mississippi riverboats, on Indian land, in Caribbean craps pits and along the length of the Las Vegas Strip. Back in 2005 he joined a group of journalists at a magazine-industry conference in Puerto Rico, offering betting strategy on request. "Enjoying craps opens up a window on a central thread constant in John's life," says John Weaver, McCain's former chief strategist, who followed him to many a casino. "Taking a chance, playing...
...built sedans, VCRs and microchips. The ballooning trade deficit with Japan was the hot-button political issue of the day, just as the yawning deficit with China is today. Japan was using "unfair" trade practices to disadvantage U.S. industry, many Americans believed. The Japanese were "manipulating" their currency, the yen, to make their exports extra cheap in the U.S. market, in the same way China is accused of currently doing with the yuan. Americans freaked when Japanese companies bought supposedly priceless U.S. assets like Rockefeller Center and Columbia Pictures; today, Americans freak out when Chinese firms even attempt to purchase...
...that there is no butter in Japan. It's just expensive because of the tariffs imposed on imports. At a popular international supermarket in Tokyo, Nissin, consumers are complaining because they no longer have access to butter that costs 500 yen ($5) for 250 grams, produced in Hokkaido, the center of Japan's milk industry. Instead, they are confronted with an abundance of French butter, costing upwards of 2,000 yen ($20) for 200 grams. "Even if we order 100 or 200 packages of domestic butter," says Nissin's dairy buyer Katsuhiro Maruyama, "only about six or so actually...
...rite of passage for responsible Tokyo citizenry. Gaggles of housewives think that being environmentally conscious is a trendy way to care for their families. Once Japanese people embrace an idea, they do so wholeheartedly. Environmental consciousness is no exception. Over the past 34 years, Japan has renewed a 25-yen ($0.25) per liter gasoline tax - anathema in the U.S. - four times. A decade after hosting the conference that led to the Kyoto Protocol, Japan will host the G-8 Summit on Hokkaido this year, which will focus on green issues...
...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 or yen). Consider MFS International Diversification, which recently had a 12-month yield of more than 5%, or Wisdom Tree International Dividend, an exchange-traded fund that recently had a net yield...