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The Investment Answer

The Investment Answer is a primer to help individual investors understand how markets work, select a financial advisor, and make smart financial decisions.


November 26, 2010

A Dying Banker’s Last Instructions

There are no one-handed push-ups or headstands on the yoga mat for Gordon Murray anymore.

No more playing bridge, either — he jokingly accuses his brain surgeon of robbing him of the gray matter that contained all the bidding strategy.

But when Mr. Murray, a former bond salesman for Goldman Sachs who rose to the managing director level at both

Some Hospitals Open ERs Just for Graying Patients



WASHINGTON – Many hospitals run emergency rooms just for children. Now a few are opening ERs specially designed for seniors, without all the confusion and clamor and with a little more comfort.

It’s a fledgling trend, but expected to increase as the population rapidly grays. The question is whether they’ll truly improve care.

“Older people are not just wrinkly adults. They have totally different needs,” says Dr. David John, who chairs the geriatric medicine division of the American College of Emergency Physicians.

Modern ERs are best equipped to handle crises like gunshot wounds or car crashes, not the…

Power Balance admits no science behind wristbands

SANTA ANA, Calif. – Shaquille O’Neal swears by them. The Power Balance bracelet, he says, gives him a competitive edge on the court. It’s no gimmick, he says. It’s for real. It may be for him, but Australian authorities say the California-based company behind the wildly popular wristbands and pendants has no business claiming that they improve balance, strength and flexibility.

And they even got Power Balance to admit it.

The company wrote: “We admit that there is no credible scientific evidence that supports our claims.” It also agreed to give refunds to customers who believe they were cheated.

The…


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