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...rise in insider selling, which developed over the past several weeks, signals a time for caution, not panic, says Jonathan Moreland, analyst at InsiderInsights, a stock-market advisory service. "The insiders are telling me, O.K., there's a yellow light now; the green light is off," he says. In response, Moreland is advising his clients to raise the cash component of their investment portfolios. (Read "Despite the Economy's Struggles, Stock Market Soars...
Spaniards are reveling in their princess' new status as fashion icon. "She has done more for Spanish fashion in the past five years than decades of catwalks and advertisements," writes Maria Jose Iglesias, a journalist whose columns appear in regional papers throughout Spain. The local edition of Elle magazine agrees; in May it ran a special issue on Letizia, declaring her "the best ambassador of Spanish fashion...
There is comfort in these rituals, in knowing what the first day will bring. But this year will be different, the opening-day rituals troubled by the events of the past summer. This was not a good summer. For many, school will be the first time to confront in a formal social setting what has happened to the country since the controversial presidential election in June. As the principal of a Tehran high school put it to me in his own understated way, "We will surely have problems." (See pictures of the turbulent aftermath of Iran's presidential election...
...West. At best, schools contribute to a shared framework for consent and opposition to the state. This is a regime put forever at risk by its own taught principles of justice and Islamic democracy, lessons that members of the Green Wave eagerly incorporated into their protests this past summer. It is not by accident that demonstrators shout "God is great" every night or recycle chants made famous during the 1979 revolution...
...China, India and other neighbors as customers for exports. As Asian manufacturing networks become more intertwined - and as Asian consumers become wealthier - regional commerce is becoming critical to future economic expansion. Intraregional trade last year made up 57% of total Asia trade, up from 37% in 1980. "In the past Asia produced for America and Europe," Philippine President Gloria Macapagal Arroyo said recently. "Now, Asia is producing for Asia." (Read "Signs of Hope for Asia's Hard-Hit Exporters...