Word: zero
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...tomorrow's growth, bonds provide a stream of income today and tomorrow. As its name implies, a bond is also a kind of contract that commits the borrower to give you all your money back down the road. So bonds, unlike stocks, almost never go to zero, making them the ultimate trust-no-one investment. What's more, they can provide ballast for a sinking stock portfolio. "Bonds have actually outperformed stocks over the last five years," points out portfolio manager Ian McKinnon of the Vanguard Group. While stocks have gained 6.1% annually over that period (and lost...
What to Do with Ground Zero...
...about cracking down on Palestinian terrorists. In the current environment, though, it seems Arafat's desires, whatever they may be, are not enough. His security forces were so battered by recent Israeli military incursions that they are almost completely ineffectual, according to Arafat's senior aides. "Our capability is zero," Jibril Rajoub, head of preventive security in the West Bank, told TIME. "Our motivation also is zero." In today's climate, Palestinian commanders are loath to be seen doing the Israelis' bidding by arresting militants. Al-Aqsa Martyrs Brigades, part of Arafat's Fatah organization, has claimed responsibility for three...
...bishops and Cardinals around the country, is expected to be ready for debate and a vote when the rest of the church's top leadership meets in Dallas next week. "No one knows exactly what they will do," said a source. "But they will approve some form of zero-tolerance policy." After years in which some dioceses quietly reassigned troubled clerics or settled disputes out of court, the approach is designed to encourage local bishops to take swift action. The new policy will affirm the power of all bishops to remove priests from public ministry and bar them from church...
...list of biblical passages on financial planning. The program's fee also covers a three-day crash course for pastors at the N.Y.S.E. In April, in a gilded conference room at the 250-year-old exchange, dozens of black ministers were immersed in Wall Street vocabulary--syndicate, suitability, zero-coupon bond--before taking a tour around the trading floor...