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...Poor TIME-ing I have been reading TIME for over 60 years and am appalled by the Luxury Index in the Style & Design supplement [Winter 2008]. What poor timing and poor taste to release an issue of overpriced, unnecessary items when the world is suffering from recessions and downturns. I am offended that this issue would be published when so many people are struggling to keep roofs over the heads and food on the table for their children. Watches for $200K! Customized $13,000 purses! How about following it with an issue on how to conserve funds and make...
...surface, Madoff's funds were supposed to be low-risk investments. His largest fund reported steady returns, usually gaining a percentage point or two a month. The funds' stated strategy was to buy large cap stocks and supplement those investments with related stock-option strategies. The combined investments were supposed to generate stable returns and also cap losses...
...gets its name from a section of the Internal Revenue Code that, a clever benefits consultant discovered in 1980, could be used to build tax-sheltered employee retirement plans. It was at first seen as a supplement to the existing system of workplace pensions, but during the 1990s the 401(k) largely replaced pensions in the private sector...
...favorite stories in this issue, a special supplement to TIME, is about the current trend in no-frills dining. Major chefs like Joël Robuchon of L'Atelier and David Chang of the Momofuku empire are forgoing the usual dining-room luxuries like linen tablecloths, flowers and bread baskets to focus instead on great food and even greater prices. Some of these forward-thinking chefs are going so far as to forfeit waiters too, choosing to serve the food themselves. Needless to say, their establishments are packed. And customers are more than willing to wait...
...Pusar said. “They have really good guard play and shoot long three point shots. We have to get out to the shooters and prevent easy shots at the basket.”With the short trip to Lavietes, the Terriers may bring another supplement to the derby to boost the team—its fans. Amaker hopes the Crimson’s own supporters can render the visiting faithful a moot point.“We need a great environment, we need our arena to be a distinct home court advantage...