Word: morgan
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...Morgan R. Grice is an editorial editor...
...Privatization is key to attracting much-needed money from abroad. "There still isn't a level playing field for foreigners," says U.R. Bhat of J.P. Morgan India. Although foreign investors are pouring cash into the stock market, they've stayed away from long-term investments in India's factories, power plants and roads, deterred by the country's history of red tape and corruption, and by restrictions that prevent foreigners from holding controlling stakes in key industries. In 2002, India received $4.7 billion in foreign direct investment?a fraction of the $52.7 billion that foreigners poured into China. "The government...
...Puritans and Sex,” in the December 1942 New England Quarterly. And it turns out that Puritans were by no means the prudes we imagined. One Boston minister, for example, criticized “that Popish conceit of the Excellency of Virginity.” Court records, Morgan writes, reveal that “[w]hen fornication, adultery, rape, or even buggery and sodomy appeared, [members of the Puritan establishment] were not surprised, nor were they so severe with the offenders as their codes of law would lead one to believe. Sodomy, to be sure, they usually punished...
This is not to say (even setting aside the executions for sodomy) that Puritans were faultless—even the sympathetic Edmund S. Morgan admits that 17th century Puritan New England “was not a society in which most of us would care to live, for the methods of prevention [of sexual transgression] often caused serious interference with personal liberty.” But it does suggest that our criticism of them is unfair. As heartening as it is to define ourselves in relation to the Puritans—so we don’t get out much...
...Japan: through a single-country version (such as Fidelity Japan), an Asia regional (such as Vanguard Pacific Stock Index) or a diversified foreign fund (such as T. Rowe Price International Stock). Remember that Japan makes up about 9% of the value of all world stock markets, according to Morgan Stanley Capital International. For most folks, a diversified foreign fund with roughly 10% in Japan is plenty. Oakmark International and Tweedy, Browne Global Value offer moderate exposure to Japan; Longleaf International lately has a bigger stake there. all three funds have reasonable fees--and no whiff of the scandal that...