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The Booming Exurbs |
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| For decades, American professionals have been struggling with a trade-off. To advance their careers, they typically work in big cities, where corporations are headquartered and jobs are plentiful. However, to enjoy a high quality of life, they live in the suburbs, where the houses are large, the yards are big, and the neighbors are friendly. |
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It"s the Values |
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| In recent years, Americans have been battered by Bill Clinton��셲 sex scandal, the terrorist attacks of September 11, and the corporate excesses of Enron, Disney, and WorldCom. |
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A New Social Contrac |
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| The implications of the political realignment we��셶e been discussing will be much more pervasive than most people yet realize. Why? Because pressure has been building for a new social contract ever since the realignment of 1968. |
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The Need for Speed a |
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| In prior issues, we��셶e discussed the emerging category of $1 million to $2 million micro-jets and the even more exciting VTOL Skycar technology. These developments promise to bring business aviation to a whole new category of small and midsize businesses. But what��셲 going to happen for the elite who already spend $40 million to $100 million for Gulfstreams and Boeing Business Jets? |
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The "Efficient Marke |
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| The 諛팭ficient market hypothesis,?which Wall Street embraced for decades, holds that in a market where everyone has equal access to the same information, rational investors will set stock prices ?and the prices will reflect the generally understood information about the value of those stocks. No one has an unfair advantage ?and no one is supposed to be able to beat the market over the long term. This is the foundation upon which the $1 trillion index-fund industry rests. |
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