Word: minimums
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...want to understand how quickly the very rich are becoming very richer, don't read about hedge funds, alternative-minimum-tax revenues or acquisitions by private capital. Those things are boring. Look at the difference between the change in the average price of a restaurant meal in the Zagat restaurant surveys and the change in those singled out in its America's Top Restaurants 2008 guide. The price of the average restaurant meal went up 2.3% last year, while the average price at the places that make Zagat's top list went up 3.8%. But if you look...
...their limited disclosure and complex strategies, hedge funds may never be an appropriate option for the average investor - participation is generally restricted to those with high net worth who can afford the $1 million minimum investment typically required by fund managers. "It's a professional's market," says Thomas Whelan, chief executive of Greenwich Alternative Investments, which operates a fund of hedge funds. "You need to be able to research and understand what the funds do and then monitor them...
What's wrong with the kitten and puppy mill industry is that it's basically an abuse of the breeding stock. Those animals are kept like chickens or pigs in pens, with feces and urine raining down on them, minimum nutrition, minimum medical care, no socialization of the newborn, no socialization of the parents, no exercise for the parents, no stimulation of the parents. People have this kooky idea that they're rescuing a pet from a pet store. They're actually perpetuating a very abusive industry, in which the mark-ups are 200%, 300%, 400%, 500% at each step...
...addition to the speed limit idea, the party voted to put the brakes on several economic reforms introduced by Merkel's predecessor, Gerhard Schroeder. The party called for the introduction of a minimum wage, for example, and the expansion of the period of eligibility for unemployment benefits for workers over the age of 50 - from 12 to 24 months. The party also urged a rethink of the government plan to partially privatize the national train company, Deutsche-Bahn, next year in a policy that has thrown the multibillion-euro deal into question. Merkel even came in for criticism from...
This infection could be traced back halfway around the globe to the Arctic, where a new competition for sovereignty heated up this summer even as the ice cap shrank, at an ever-accelerating pace, to an alarming new minimum. There it was Russia and its jingoistic jaunt in August to the Arctic Ocean floor at the North Pole that inspired Canada, the United States, Denmark and Norway to freshen up their own claims to the Arctic. Considerable - but still largely uncharted - oil and gas deposits are the attraction, and they become ever more enticing as prices for petroleum soar...