Word: kapoor
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...unknown undercover reporter from an equally unknown TV channel isn't exactly Monica Lewinsky. Nevertheless, India was agog last week when upstart channel India TV broke what quickly became known as the "casting-couch scandal." In a Bombay hotel room rigged with hidden cameras, has-been screen villain Shakti Kapoor told what he thought was an aspiring young actress: "I want to make love to you. And if you want to come in this line [of business], you have to do what I am telling [you] to do." Kapoor then went on to explain sex-for-stardom was accepted practice...
...short window between meetings. The newest attraction for Chicagoans--and your first stop--is "the Bean": a 66-ft.-long, 110-ton quicksilver blob in Millennium Park, the new $475 million addition to the city's famous museum row. The reflective stainless-steel sculpture (which its British creator, Anish Kapoor, calls Cloud Gate) distorts North Michigan Avenue like a fun-house mirror. Weather permitting, you can check out architect Frank Gehry's dynamic bandshell at the Jay Pritzker Pavilion. (If you need to check email, the north and south ends of the park carry wifi Internet signals...
...busts and nifty dance steps, he deliberately chose actors with theatrical training for the Macbeth retake. Irrfan Khan plays the violent but vulnerable Maqbool, a killer ultimately consumed by his conscience, and it's a performance that fulfills the promise Khan demonstrated in 2001's The Warrior. Pankaj Kapoor as the paunchy Mafia don borrows heavily (and successfully) from Marlon Brando and Al Pacino. Bollywood grandees Om Puri and Naseeruddin Shah play the clairvoyant cops; both are equally known these days for their roles in other fusion Indian films, such as Monsoon Wedding and Bombay Boys (Shah) and East...
...storm--Strong, Bank of America's Nations Funds, Bank One's One Group, and most Janus offerings (except for its Mid Cap Value, Small Cap Value and Risk-Managed Stock funds, which are run by outside managers). "The firms put their own profitability ahead of shareholders'," says Kunal Kapoor, Morningstar's associate director of fund research. "Until we see changes, we don't think they deserve to be trusted with people's money." A riled-up Janus shot back that Morningstar was acting with "recklessness and irresponsibility." The company said it has pledged to cooperate with Spitzer and even...
What should investors do in the meantime? "Stay the course," advises Spitzer, whose own family fortune rests in real estate. "The marginal cost to any one shareholder is slim." In the end, says Morningstar's Kapoor, you should invest in a fund company you trust. Find one, he says, that emphasizes "stewardship over salesmanship," that puts long-term shareholders first by keeping expenses low, that closes small-cap funds once they get large and that refuses to roll out gimmicky funds in hot sectors...