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...According to the papers, more than $1 million went into the event, including the solid bronze casket with 14-karat gold-plated handles and the party following the ceremony - all of which needed court approval for Michael Jackson's estate to cover the costs. That's a lot of This Is It ticket sales. The papers also show that sisters Janet and LaToya Jackson were owed reimbursements of $49,000 and $2,437, respectively, for fronting immediate funeral costs. As Katherine Jackson's lawyer states in the court papers, while the costs are "significant, they are entirely commensurate with...
There's another point I'd mention: There's a lot of cash on the sidelines, both at the individual level and the institutional level. At some point, all this cash has got to go to work, and I think that's what you're seeing [in the market rally.](See pictures from the crash...
What do you make of the fact that bonds have rallied, a bet on deflation, while commodities have also rallied, a bet on inflation? There's still a lot of risk aversion among investors, which is why the bond market is so strong. In other words, if you are fearful of stocks, you're just going to stay in the fixed-income market. But we are in a low-yield environment now, so those same investors - individuals and investment managers - are reaching out for riskier assets to get more yield. That's why you see things like junk bonds rallying...
Nielsen concedes, "We have very little data, so theorists are going their own ways and making a lot of theories that may not be very plausible. We need guidance from experimentalists to make the theories more healthy...
GoToBus, an internet travel agency, is now offering a direct bus trip from Cambridge to New York. A one-way ticket will cost you $20 and roundtrip tickets currently cost $40. That's a lot cheaper than a plane ticket...