Word: normalization
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...sees the broader market avoiding that fate yet delivering subpar returns for the next few years. He and others are concerned that many stocks remain expensive relative to earnings. The S&P 500 trades at 28 times last year's earnings. A multiple of 18 to 20 would be normal coming out of a recession. Investors normally focus on future earnings. But those are tough to estimate in this choppy recovery, and it doesn't help that analysts and accountants are no longer trustworthy as guides...
...talk with President Castro," Carter declared before his departure. "More than a century after Cuba's independence, our two countries have not yet developed a constructive relationship, and although official interest sections were established while I was president, for the last 41 years our two nations have not had normal diplomatic relations. I do not expect this trip to change the Cuban government or its policies. However, it is an opportunity to explore issues of mutual interest between our citizens and to share ideas on how to improve the relationship between the United States and Cuba...
...physical training and drill schedule. To take these courses and to participate in other ROTC activities, Harvard cadets must commute to MIT three to five times a week. Harvard’s cadets will benefit if they can integrate at least some of the required ROTC courses into their normal curriculum. Even if cadets must still take five classes per semester, they could be spared at least some trips...
...maybe because I entered motherhood through the special-needs world, I somehow feel more a part of it than I do the "normal" one. The challenges in this world are greater, but the accomplishments--those firsts--are that much sweeter...
...ticking biological clock and the demands of a career. Many women who commented on "Making Time for a Baby" [SOCIETY, April 15] insisted that the biggest obstacle to having a child was the lack of a suitable partner. "My girlfriends and I all turn 30 this year, and despite normal, healthy dating lives, none of us are anywhere near to finding Mr. Right," wrote Heidi Reinholdt of New York City. "If we end up childless, it will not be because of our jobs but because we chose not to settle for Mr. Second Best." Chicagoan Rochelle Kopp agreed that "more...