Money Matters - Simplified


9 Consumer Stocks to Anchor Your Portfolio

Have you been buying junk? Have you been thumbing your nose at default risk and chasing after companies that have shown more red than the Philadelphia Phillies? If you have, you've probably been pretty happy with the results. As a recent Bloomberg article highlighted, the seemingly lowest-quality companies have watched their stocks outperform so far this year. Bloomberg notes:

New D.C.-based drama green-lighted

Washington -- Another ensemble drama set in Washington is in the works for ABC, centered on twentysomethings balancing personal and professional lives, media insiders said.

The as-yet unnamed project is being produced by Stephanie Savage and Josh Schwartz, whose credits include "The O.C.," and "Gossip Girl," Entertainment Weekly reported.

The pilot will feature "roommates who juggle their personal and professional lives in Washington," several entertainment trade publications reported. "The young politicos find that the ideals that brought them to D.C. don't always match with the realities of living in the nation's capital."

An air date was not mentioned.

Copyright 2010 United Press International, Inc. (UPI).

Money-happiness ties depend on definition

Urbana, Ill. -- An Illinois researcher who co-wrote a study on the link between money and happiness said the answer lies in the personal definition of "happiness."

Ed Diener, a retired psychology professor at the University of Illinois who co-wrote the international study with Weiting Ng of the Singapore Institute of Management and James Harter and Raksha Arora of the Gallup Organization, said the research involved more than 136,000 people in 132 countries, representing about 96 percent of the world's population, Canwest News Service reported Frida.

"Money has a large effect on how people evaluate their lives," Diener said. "But the answer to the money-happiness question depends on what one means by happiness."

Paul saw weekly shows as 'therapy'

New York -- The late U.S. musician Les Paul said in a Rolling Stone interview prior to his death that his dedication to performing live was a form of personal "therapy."

Rolling Stone reported online Friday that despite being in his 90s, Paul was dedicated to embracing the live performance atmosphere and spending time with friends, both new and old.

"I think it's therapy," Paul told the magazine in an interview nine months ago. "I think that it's the love of the instrument and the fact that rather than to grow old watching TV, or just layin' around the house trying to get from the bedroom to the bathroom, that it's better to be amongst your friends, make new friends and to play with a younger generation of people."