Word: reals
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Dates: during 2000-2009
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What a crazy idea; he might make money anyway. There is a real need for a bush turboprop to be built with the latest aerodynamic and engine technologies. Organizations serving populations in crisis in developing countries need a plane that can operate safely on short dirt airstrips. The Kodiak, with its small wingspan of 45 ft. (15 m), advanced flap technology and high power-to-weight ratio, can land and take off in less than 700 ft. (210 m) and climb at a rapid 1,700 ft. per min. (520 m per min.). The Kodiak can be retrofitted for other...
...TIME's cover story on Wall Street [Nov. 9]: Out in the real world, professionals who construct bridges, buildings and even houses must be licensed, to encourage adherence to stringent technical, legal and ethical standards. Ignoring the rules can result in losing one's job. Why? Because if these things are constructed poorly, people will get hurt. Since Wall Street is in the business of "engineering" markets in order to make the greatest possible amount of money, why shouldn't they also be licensed and held to similar standards...
...facts tell the dismal story. In the 10 years ending Dec. 31, 2008, investors suffered a negative 3.15% real return in U.S. stocks, constituting the fourth worst 10-year period since 1871. Given the pummeling the stock market has taken this decade - even after this year's rally, the S&P 500 index remains 32% below its all-time high reached in October 2007 - many are now questioning whether stocks should be the cornerstone of investors' long-run portfolios...
...history shows that excellent returns are available to stockholders who survive such rough patches. In fact, following the 13 10-year periods of negative returns stocks have suffered since 1871, real returns over the next 10 years have never been negative and have averaged more than 10% per year. A 10% return far exceeds the stock market's long-term average real return of 6.6% and is more than three times the real return offered by U.S. Treasury bonds. Furthermore, stocks have always done better than bonds over every 30-year period since 1871. (See the 10 big recession surprises...
...passing judgment, the Vatican remains troublingly resistant to singling out any genuinely serious modern art or literature to criticize. Hand-waving vaguely at “contemporary representations of beauty,” or straw-manning Ron and Harry, is far easier than starting a real debate about what role religion can play in the arts. So far, the church’s reaction to complex—if provocative—creative products like Martin Scorsese’s “The Last Temptation of Christ” has generally been one of recoil; works of art that...