Word: yorke
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Sources: Edmunds.com BankruptcyData.com AP; New York Times...
...disgrace.' MICHAEL BLOOMBERG, New York City mayor, responding to a reporter who asked if the improving economy undercuts the billionaire's justification for seeking a third term...
...think he has to realize that flying to New York is self-indulgent. Go down to the corner bar and have a drink, a shot and a beer.' RICK SANTORUM, former Pennsylvania Senator, slamming the Obama Administration for spending an estimated $24,000 to send the President and First Lady to Manhattan for dinner and a Broadway show...
Sources: AP; El Mundo; Huffington Post; Reuters; AP; New York Times...
First, though, a little background on stocks for the long run. The notion goes back to 1922, when a bond brokerage in New York City hired Edgar Lawrence Smith to put together a pamphlet explaining why bonds--and certainly not stocks--were the best long-term investment. At the time, this was conventional wisdom on Wall Street. Bonds were for investment, stocks for speculation--and, in those pre-SEC days, for manipulation. But when he investigated the historical record, Smith recounted later, "supporting evidence for this thesis could not be found." Instead, he discovered that over every 20-year span...