Word: classical
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...Here's a classic: a fellow calling himself Crystal Jimmy promised he could get everyone on his mailing list a credit card even if the person's credit was shot. "These are often targeted to people who are having money troubles," says Grant. She explains that if you reply, Jimmy is likely to ask you for money--"an application fee or a processing fee, or whatever. It's usually hundreds of dollars." Needless to say, once Jimmy has your cash, his motivation to follow through will disappear...
...least to delay. Many observers think Malone is playing his classic waiting game in Germany, using his patience to drive down the price of Deutsche Telekom's cable assets before he swoops in again. "I don't believe he's done in Germany. This is how he negotiates," says a longtime Liberty observer. But price is only one part of the parley. Germany may be Europe's largest television market, with 33 million households, but it's also one of the most antiquated. Already, two foreign players in the German cable market, NTL's Iesy and Callahan Associates' Ish, have...
...best ways to make money and reduce risk in today's choppy market is through a classic hedge fund: one that bets on some stocks to go up and others to go down. Since January 2000, when the Dow peaked, hedge funds have risen 13% on average, while the typical stock has fallen 20%, reports Hennessee Group, a hedge-fund tracker. Over the past three years, assets in the 6,000 U.S. hedge funds have more than doubled, to $563 billion...
FUNDS OF HEDGE FUNDS. These vehicles reduce risk by owning slices of many kinds of hedge funds, from those focused on classic long-short strategies to ones that specialize in arbitrage, pairs trading or specific market sectors. Funds of funds not registered with the Securities and Exchange Commission (sec) are run much like straight hedge funds. Many have dropped their minimums to $250,000 or less. In this class, Aurora, P&A Diversified and Stellar Partners have each risen more than 50% over the past three years. One advantage with funds of funds is that they have access...
...from Apollo 8 - the first manned vehicle in lunar orbit - the image is of the earth rising above the moon's arid, lifeless horizon. Revealing the planet for the first time as a pristine blue and white jewel in the black void of space, the picture became an instant classic, inspiring poets and becoming a symbol of the ecology movement. "It is truly the most beautiful photo ever taken," says Yann Arthus-Bertrand, 56, a French aerial photographer who for the past 10 years has been snapping shots of the planet from slightly closer range. He has taken more than...