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	You Can Safely Ignor
	As Milton Ezrati, Chief Economist with Lord Abbett & Company, noted in his December 27, 2004 commentary,1 many broadcast journalists are nearing apoplexy over the U.S. current account deficit. And quite a few investment managers seem to have the same malady.


	Just What the Doctor
	A quick glance at some of the major pharmaceutical companies will show that many of their stocks have tanked recently. Concerns about safety issues, and the fear that the Food and Drug Administration may not be doing its job, have set off a wave of selling that is apt to continue for some time.


	It"s the Values
	In recent years, Americans have been battered by Bill Clinton’s sex scandal, the terrorist attacks of September 11, and the corporate excesses of Enron, Disney, and WorldCom.


	The On-Line Advertis
	In the golden age of television, companies that wanted to make a major impact created what was called a 뱑oadblock??they advertised at the same precise time on all three networks to ensure that anyone watching television at that moment would have to watch their message.


	The Booming Exurbs
	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.