If there is one ubiquitous piece of financial advice, it is this: invest in different markets. Each month, the major private wealth banks in the world publish their recommended allocations. They might suggest putting 60 percent in stocks, and in turn breaking that down into U.S., European and emerging-market stocks, and an additional 40 percent in bonds, varying from U.S. Treasuries to municipal notes.
Read moreGoing Green Means Staying Profitable for Companies
Environmental concern is suddenly all the rage, all around the world. Unless you've been asleep, you've read many articles about this hot trend. In early July, China lifted gasoline subsidies, in part to force consumers and businesses to confront the costs of using more of that ever more costly resource.
Read moreCOMPANIES ARE GETTING SERIOUS ABOUT SUSTAINABILITY
Environmental concern is suddenly all the rage, all around the world. Unless you've been buried in a coal mine for the past year, you've been inundated with articles about this hot new trend. In early July, China lifted gasoline subsidies, in part to force consumers and businesses to confront the costs of using more of that ever-more costly resource.
Read moreAre Transparent Banks Healthier?
Lehman Brothers, one of the premier Wall Street investment banks, announced a new round of steep losses in the ongoing credit crisis. Critics were quick to point the finger at one glaring issue: "It's the lack of transparency," said one prominent fund manager. "Most investors don't have any way of knowing what is out there in terms of bad debt."
Read moreWhat's In After Greed?
American culture at the end of 2002 is adrift. As quickly as the New Economy rose, it fell, leaving America rudderless once again. In the 1970s, after the seeming failure of big government to improve people's lives, it took several years for the free-market ethos of the 1980s to assert itself. Now we are in a new vacuum, but we will soon discover a new Zeitgeist.
Read moreThe Battle Of The Experts
New crises produce new experts. A high-profile trial means that we'll see defense attorneys and prosecutors airing their differences on CNN. An election logjam means we'll hear from political consultants and campaign reporters. The events of September 11 dramatically altered the news agenda. Americans now care about Islam, and a group of scholars has emerged to explain it to them. A Princeton professor talks with Charlie Rose on PBS; a Johns Hopkins academic sits next to Dan Rather during the CBS nightly news; a Georgetown teacher entertains questions on CNN. Since the attacks of September 11, these scholars are in the spotlight, and at stake is not only whether the West can come to terms with Islam, but whether the world can prevent the destruction of suicidal extremism.
Read moreMisunderstanding Islam
In the wake of September 11, the reading interests of the American public have changed. To a lesser extent, so have the interests of readers throughout the Western world. This may not rank as one of the more significant consequences of the attack on the Pentagon and the World Trade Center, but it does reflect a new awareness on the part of millions of people--an awareness of just how ignorant they have been about Muslims.
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