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...been a great year for many mutual fund investors. Standard & Poor's Equity Research reports that 165 equity mutual funds are up at least 47% through Oct. 31, or at least double the return...
...domestic equity funds that at least doubled the market's return, only 12% are ranked as S&P five-star funds. In fact, 19% are now ranked with a one- or two-star rating, effectively placing them in the bottom half of funds on overall attractiveness. "These funds have relatively weak fundamentals that contribute negatively to the ranking," S&P's analysts note in their report. The reasons cited for such low star rankings: many own overvalued or risky stocks, have managers with short tenures, have high costs or offer poor long-term performance...
...problem that Defense Secretary Robert Gates had noted early in the debate. The fact that the Taliban is now effectively in control of as much as half of the country eight years after being routed by the U.S.-led invasion is a sign that the local population is at least more tolerant of an insurgency against foreign forces. Expanding the ground war may not solve this problem. As University of Michigan historian Juan Cole wrote last week, "The U.S. counter-insurgency plan assumes that Pashtun villagers dislike and fear the Taliban, and just need to be protected from them...
...numbers show the extent of the war on education by the Pakistani Taliban. At least 473 schools across Swat and Federally Administered Tribal Areas have been destroyed over the past two years. Militants recently blew up a 12-room state-run high school and health clinic for boys in Hangu district, a small area nestled on the border of North Waziristan and the North-West Frontier Province. And they routinely blow up girls' schools in the Federally Administered Tribal Areas and North-West Frontier Province. Three have been destroyed in the past two weeks. (See pictures of suicide-bomb attacks...
...situation," says political commentator Alex Magno, who expects security matters will be a prominent election issue. In the intertwined world of this country's dynastic politics, Teodoro and Aquino are related as cousins from different branches of one of the country's wealthiest landowning families. And on paper at least, there could be five Arroyos in the next Congress; there are four in the current one. Even Imelda Marcos, the flamboyant 80-year-old widow of former dictator Ferdinand Marcos, is running for a seat - a further example of the merry-go-round of Philippine politics...