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...Nobel Prize-winning professor of finance at New York University, keeps tabs on. According to his calculations, which are based on past stock movements, the S&P 500 has a pretty decent chance a year from now of being worth either four times what it is today - or a quarter as much. That absurdly broad range, which falls in line with other volatility barometers, is indicative of how haywire stocks have been acting. "You saw that kind of volatility in the Brazilian and Argentinean markets in the beginning of the 1990s," says Engle. "You don't really expect...
This year's sky-high oil prices are partly responsible for the drop. Since oil hit $100 a barrel for the first time early this year, Americans (who consume one-quarter of the world's energy) began cutting back. When gas began selling above $4 a gallon, American consumers made "a psychological shift into the sense of crisis and a sense of permanence," says Greg Priddy, oil analyst for the Eurasia Group in Washington. Instead of believing that gas prices would finally fall again, many began changing their daily habits - they started driving the smaller...
Between 2003 and 2033, the researchers estimate, 83 million Chinese will die from chronic obstructive pulmonary disease (COPD) and lung cancer, which would constitute nearly a quarter of the nation’s deaths during this period...
...Angeles and Las Vegas also go on sale this month). What's new: Four restaurants in New York have earned the coveted Michelin three-star rating - Masa, Jean Georges, Le Bernadin and Per Se. If they're a bit too rich for your pocketbook, don't fret: a quarter of the restaurant listings in the new guide fall in the affordable range. At 58 restaurants, you can get two courses and a glass of wine or dessert for $40 or less, and at 74 restaurants you'll get a good meal for $25 or less...
...however, in beating preseason favorite Yale at home 17-14 two weeks ago, and Lehigh 25-24 last week, a game in which senior quarterback Nathan Ford passed for 438 yards and two touchdowns. Ford completed 39 of 63 attempts and led the Big Red on a fourth quarter game-winning drive, finding senior wideout Jesse Baker in the end zone as time expired...