Word: bracket
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Dates: during 2000-2009
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...corporate bonds. Recently, Vanguard's Term Tax Exempt fund, a huge muni fund with $21 billion in assets, had an implied yield of about 3%, according to Regent Atlantic's Cordaro. A similar corporate bond fund, BlackRock Intermediate Bond II, had yield of 8.5%. Even assuming a 35% tax bracket, the corporate bond fund is yielding nearly double the muni fund...
Speaking of commercials, FlyBy spent tons of time in front of the tube over break, whether absorbing a little Billy Raftery (ONIONS!) in the tourney (this one hurt the bracket), or the daily Law and Order marathon. Here were a few of the gems, for your entertainment...
There are definitely dangers to media blitzes, as Obama's TV week proved. Too many just-for-fun bits, like his ESPN bracket pick, could make him look as if he has his eye on the wrong ball. (Which may be why he said he didn't stay up to watch a six-overtime game because "I've got work to do.") Every time he forces himself to say, "I'm as angry as anybody about those bonuses," it sounds clearer that he's not as angry as anybody. And he may actually do better in tough Q&As, like...
...Edward Humes makes clear in his new book Eco-Barons: The Dreamers, Schemers and Millionaires Who Are Saving Our Planet, a high income-tax bracket gives the rich another advantage: a platform on which they can advance the causes that matter to them. And believe it or not, a surprising number of super-wealthy Americans are using their money to fight for what Humes calls "a secret plan to save the earth." (See the top 10 green stories...
...better source of humor on campus. Members of the Harvard College Stand Up Comics Society have been invited to the stand-up division of the RooftopComedy’s National College Comedy Competition Tournament, exclusively designed to discover the “funniest” students in America. The bracket-style tournament bases acceptance on the comedic value of clips submitted by college stand-up groups. “There are eight people from each school, and two schools go head-to-head at a local comedy club,” said Charles T. James...