PIMCO's Gross Gives Indexes The Finger

...ba href=/anxiety/a/b to investors, the bond director said in his latest investment outlook, that in a global bond market "devoid of historic risk premium...avoiding the tyranny of an index can in effect produce a higher return with less risk." Gross says bond yields have been hurt by competition from central banks and hedge funds.

"Successful money management has always depended on riding the wave of the crowd until it crashes to the ocean floor, he writes, adding that if an investor is being paid little to await his eventual demise, then it seems he should rethink the proposition." MORE "BANKING & BROKERAGE" ARTICLES Posted on March 31, 2006 Have Your Say!

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TAM'S A CELTS HERO AND I'M THE RANGERS CAPTAIN BUT HE STILL TOOK ...

...ba href=/anxiety/a/b to see their teams succeed.

Advertisement In fact, they are fans who got to live the dream and play for the clubs they adore.

Ferguson was at Ibrox yesterday to promote Rangers' charity foundation.

The captain will be the inaugural Rangers Charity Champion, helping to provide tens of thousands of pounds for needy causes.

It was another reminder to him that sometimes football is just a game.

That was certainly how he felt when he read the teletext news flash on Wednesday night.

He said: "I was shocked.

I've known Tommy for years and I know what a great guy he is.

That's why I'm backing him to come through his difficulties with flying colours.

"Tommy always joins in with us for practice matches when the Scotland squad gathers and that's why this news has come as a shock.

"The irony is I thought I detected a bit of a limp when Tommy was walking about the camp before we played Belarus earlier in the season." The bond between Burns and the Ferguson family goes beyond Barry and reaches back to when his brother, Derek, was a Rangers player.

He reckons a story his big brother told him sums up Burns the man.

He said: "Derek told me he was making his Old Firmderby debut and was trying to bed into the game when he heard a voice saying 'Good ball, son.

You're doing well.

Keep it simple'.

"Derek looked round and it was Tommy praising him in the white-hot heat of a Rangers-Celtic battle.

But that's the mark of the man.

I have to be honest and say I don't think something like that ...

Is it the prayer that's flawed, or is it the study?

...ba href=/anxiety/a/b.

They speculated that just knowing about the prayers made many patients nervous.

"Am I so sick they had to call in the prayer team?

" those patients may have wondered, Bethea said.

Researchers stressed that the results were narrowly defined.

The study looked only at intercessory prayers.

It didn't try to measure the power of prayers by patients or their families.

In fact, almost all the patients believed friends and families would be praying for them.

The $2.4-million study was paid for by Baptist Memorial Hospital in Memphis, one of the study sites, and by the John Templeton Foundation.

Religious leaders questioned whether the prayers were appropriately worded and whether those praying were really moved by the spirit.

"Prayer, particularly intercessory prayer, is asking God for something," Plazewski said.

"The reality is, "No' is also an answer." The Rev.

Abe Brown, pastor of the First Baptist Church of College Hill in Tampa, cited James 5:16.

The Bible verse suggests that God only answers the prayers of the righteous.

Brown also said God answers prayers based upon believers' faith.

"The one that's sending up the prayer has to believe that God is going to answer," Brown said.

Paul Kurtz, chairman of the Committee for the Scientific Investigation of Claims of the Paranormal, had a blunt response when asked why he thought the study found no effect of prayer.

"Because there is none," he said.

"That would be one answer." Monsignor Laurence...

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