| Globalisation of Funds a Strategic Priority but Expansion Still in ...
BOSTON, Oct. 2 /PRNewswire/ -- According to a new report whose publication is sponsored jointly by Citi and Legg Mason, fund managers have rapidly ventured abroad in this decade in search of new clients and higher returns. The pace of this expansion has accelerated lately as pension restrictions are lifted in emerging economies and pension clients increasingly want all- inclusive global mandates. Retail clients are more interested in funds with universal themes, and new wealth generation is creating the opportunity for more retail clients around the world to invest. The US still remains the industry's epicentre but Europe and Asia are its new growth engines. As half the assets have come to be held outside the domestic markets, significant capability has been created in over 70 countries via a mix of new starts, organic growth, M&As and local alliances.
That Painter From Juno
McPherson is creating some distance from her punk-rock roots even as she brings her cool-kid, comic-book edge to the gallery scene. Mr. LeVine, the gallerist, has been tracking Ms. McPherson's progress since she graduated from college. Artists with a rogue, street-art aesthetic like Ms. McPherson, he thinks, are breaking new ground between commercial illustration and fine art. Walking the path worn by artists like Art Spiegelman and even the Sotheby's street-art favorite Banksy, Ms. McPherson is one of the subculture-inspired punks currently making inroads to the still-stuffy art world. “I grew up on TV, skateboarding, punk rock, tattoo, all this stuff that just gets incorporated into this kind of art," Mr. LeVine explained. Growing up in Trenton, N.J., in the 80's, he was a punk kid who collected comic books, record jackets and posters.
Student use of painkillers on the rise
In a sign that adolescent abuse of painkillers has also entered the cultural zeitgeist, a film called Charlie Bartlett is scheduled for release early next year. The film centres on a teenaged outcast who makes friends at his new public school by peddling pills prescribed to him by a psychiatrist, and whose mother is oblivious to his issues because she, too, is hooked on prescription drugs. Gloria Chaim, deputy clinical director of child, youth and family programs at CAMH, said children are learning their drug behaviour from pop culture and at home. "Parental modelling is huge," she said. "If you see your parents using alcohol or other drugs to cope for problems, like they had a hard day at work so they need to take a tranquillizer, that's giving kids a message that pills are coping mechanisms." Avrum Nadigel, a youth outreach counsellor who has worked in Vancouver and Toronto, said that young people are also sharing information about these drugs at an unprecedented level.
Directors Union Reaches Tentative Agreement With Studios
WGA members went on strike in November after they were unable to strike a successful deal with the studios over digital royalties. As a result of the new agreement between AMPTP and the DGA, the two organizations said in their joint statement that they hope this will mean good news for the writers too. They also called for new talks in the strike. "Today, we invite the Writers Guild of America to engage with us in a series of informal discussions similar to the productive process that led us to a deal with the DGA to determine whether there is a reasonable basis for returning to formal bargaining. We look forward to these discussions, and to the day when our entire industry gets back to work," the AMPTP and DGA joint statement concluded. Hollywood actor George Clooney chimed in following the announcement, also expressing his desire that the news will help out those currently on strike.
Britain: Harry's Afghan deployment over
The Australian women's magazine New Idea reported on Harry's deployment in January. The news appeared Wednesday in the U.S. Web site the Drudge Report, and media around the world subsequently reported it. The ministry deplored the leak by "elements of the foreign media." "However, this was a circumstance that we have always been aware of and one for which we have had contingency plans in place," the statement said. Queen Elizabeth II said her 23-year-old grandson had performed "a good job in a very difficult climate." Prime Minister Gordon Brown said the prince had demonstrated that he was an exemplary young officer and the country owned him a "debt of gratitude. "Security considerations come first. That has been the deciding factor which was made by our defense staff and I think that everybody will respect that is the right decision," Brown said.
Wall St ends mixed as investors eye rate cuts
US STOCK markets ended mixed overnight although the leading Dow Jones Industrial Average finished higher for the fourth straight trading day as investors set their sights on lower interest rates. The Dow stock barometer finished up 62.59 points or 0.47 per cent at a preliminary close of 13,374.32, but off earlier highs which had seen the index soar by more than 100 points. Technology stocks lost momentum as the Nasdaq composite fell 7.17 points or 0.27 per cent to 2660.96. The broad-market Standard & Poor's 500 index gained 11.65 points or 0.79 per cent to a preliminary close of 1481.37. The Dow remained in positive territory following a speech by Federal Reserve chairman Ben Bernanke late yesterday in which the Fed chief warned that strains in the financial markets may lead to broader economic problems.
Authors celebrate golden age of doo-wop
The nonsense syllables that defined a genre were first heard in the Turbans' 1955 single When You Dance. Doo-wop - or, in the Turbans' long hand "doo-wop, be-dooby-dooby doo-wop" - gave a name to a specific strand of rock'n'roll that lacked the violence and anarchy of its close cousins, was more interested in the concept of perfect harmony, but is the exact sound that enters most folks' heads when they picture Anytown USA in 1958. It's no coincidence that "Cousin Brucie" Morrow's coffee table-crushing new book, Doo Wop: The Music, the Times, the Era has sidebars on diners, Sputnik, even Senator McCarthy; doo-wop has been regarded as the de facto soundtrack to America's 1950s since it informed the score to George Lucas's American Graffiti in the early 1970s. It's no coincidence either that the sound of the music is reverberating around London clubs such as the Beat Rocket, held in a lovingly re-created 1950s bowling alley, or Rock-A-Billy Rebels in East London.
Where do women voters stand
I had a little trouble voting the other day. In my excitement I neglected to insert the electronic voting card until it fully clicked into place. If the precinct volunteers noticed me frowning at the screen, lingering at the booth a little longer than necessary, they probably just thought, "Here we go again. Another female voter who can't make up her mind." For women of both parties, last Tuesday's ballot was enough to give anyone pause. Democrats were made giddy by their choices, happily asking themselves, "Which way do I want to help make history?" Republican women were also kicking around the candidates, for entirely different reasons— their choices felt more filled with compromise. The GOP offered them a hair-triggered straight-talker hated by his party's base, a folksy preacher without a prayer and a Mormon flip-flopper with the visage of Reagan but none of the charisma.
Coeur d'Alene Soldier Buried at Arlington National Cemetery
A highly decorated U.S. Army Special Forces sergeant major from Coeur dAlene, who died May 9, was buried this afternoon at Arlington National Cemetery, Va. Sgt. Maj. Bradly Conner, 41, was killed in an explosion while serving his fourth tour in Iraq, according to the Defense Department. He was assigned to the 2nd Battalion, 1st Special Forces Group, headquartered at Fort Lewis, Wash. He fought in the 2003 invasion of Iraq, including the capture of Baghdad International Airport, said his sister, Brenda Day, of Spokane Valley.
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Today is February 29th!: Businesses see marketing opportunity
February 29th only comes around once every four years. 2008 is a leap year that means there is one extra day on the calendar to help keep it in sync with the sun. The extra day in a leap year is a sum of the previous years' quarter days, 365.25 days in a year, which add up to a full day every four years. For most people it's just another day, "it doesn't really make sense to me - I mean it's kind of arbitrary right?" One person said. Unless of course you're one of the 200,000 Americans born on leap day like motivational guru Anthony Robbins and rapper Ja Rule. Many businesses are now using leap year as a marketing hook, hoping to see a jump in their profits. Franchises like Boston market and Papa John's pizza are offering leap day deals by giving away free pan pizzas to those born on February 29th.
Habits for Wealth: Dump Your Debt Habit
Your credit card gets more exercise than your dog.Your credit card company singles you out for a special thank-you in its quarterly earnings report.You have enough credit cards to deal a few hands of poker.You can change your credit card daily to coordinate with your outfit.Pass that test? Excellent. Now, for the next one. Even if you're not a credit card addict, do you waste money on consumer debt that could be saved or spent more wisely? .
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