Once an independent central bank does not simply tolerate a low level of inflation as consistent with 'stability,' but invokes inflation as a policy, it becomes very difficult to eliminate. Please, no more twisting. Play it straight. No more manipulation of the dollar to "get things really hummin.
DJ, put some slow music on the economic turntable. Google and its Chairman, Eric Schmidt, are the targets of impertinent in both senses of the word federal officials these days. And the Senate's antitrust subcommittee brought Schmidt to Washington last week to sit in a witness chair to listen to lawyers' speeches and a comic's monologue. The comic, Sen. Al Franken of Minnesota, used to make his living under the protection of the First Amendment.
But he dismissed Google's First Amendment rights as a publisher of search results. Franken suggested to a Google lawyer at the hearing that maybe a committee should review Google's search algorithm to provide assurances that Google treats everyone equally. She replied mildly that it sounded like "another word for regulation. Maybe it would be nice if it did, but the First Amendment gives Google a right to publish its results without fear, even if it favors its own products or those of people that pay the company.
If users notice that Google abuses this privilege, and if they care, they will use another search engine. Publishers do not have to be fair or accurate as a matter of law; the market of consumers tells us all what standards to follow. Google is well regulated in the market, and the market needs no help from the FTC or the U.
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at or visit www. With its stronger-than-expected earnings and "astounding" guidance, we expect Nike will stay ahead of the pack.
Ace Ltd. And higher premium prices in the future could send shares higher. Shares fell to a week low after the package-delivery company pared its outlook. However, we think the stock can deliver. For stocks, the seasonal pattern doesn't matter. Junk bonds are another story. At SmartMoney.
Volkswagen's growth strategy emphasizes sales outside Europe—the "rest of the world" that for now is the source of just a third of its revenue. Investors dump stocks around the world, as moves by the Federal Reserve and European Union fail to inspire confidence in the economy in the U. Getting a chance to buy gold. Even if President Obama gets everything he asked for in his new proposals, it won't reduce our growing public debt.
And he won't get it all. Once the pride of the technology world, Hewlett-Packard has been stumbling for more than a decade. Despite central banks' best efforts, foreign-exchange specialist John Taylor of FX Concepts thinks the euro is headed sharply lower and the dollar will gain. Derrick Sung, the medical-device analyst for Bernstein Research, discusses headwinds in the industry, and how new products can help overcome them.
Profanity defense: Competing media companies will unite to argue their First Amendment right to freely broadcast bawdy speech or images without incurring huge fines. How soccer taught him the right management moves. Pledges of support from the G lift bourses from two-year lows. Vivendi, Banco Santander and others may offer juicy dividend yields.
Stocks were crushed amid fears of another recession brought on by policy paralysis in Washington and Europe. Utilities are pricey, but the sector has several bargains. Following last week's disaster in the stock market, top managers from Fidelity, MFS and Vanguard offer some advice for investors. Helicopter Ben has at last found a way to end the decades long bond market rally and to start a new bull market in stocks.
As the article points out, insurance companies, hedge funds, and everyone else can no longer ride the bull market in bonds and expect to meet their goals. Latest News from Barron's and other Dow Jones publications. Article Comments. Buzz MySpace del. Subscribe Now With these readers: Or copy the rss link:. Publish or Perish Who knew that Chubby Checker was an economist? Paul Volcker knows what happens then, even if other economists ignore the s.
All Rights Reserved This copy is for your personal, non-commercial use only. Email Print Reprints. Handler sold two million shares near a multi-year low. Nike's Run Has Legs With its stronger-than-expected earnings and "astounding" guidance, we expect Nike will stay ahead of the pack. All Systems Go for Total Systems The provider of financial-processing services could see earnings surge.
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There are more than 2, ETFs. Is one right for your investment portfolio? Photo: Tammy Lian and Jake Zuke. By Michael Wursthorn. Listen to article 13 minutes. Sponsored Offers.
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Exchange-traded funds, or ETFs, are bundles of securities that mostly track indexes and can be bought and sold like any other stock. 1. Bitcoin futures ETFs. For everyday investors looking for an easy way to buy crypto, an exchange-traded fund that owns bitcoin (just like the. Over the past year, investors have seen the term “decoupling” often. More Journal Reports: Funds/ETFs Articles WSJ Video. WSJ Wine.