Easy Money Investing

12/31/2007 (9:57 pm)

A Norman manse with theatrical élan

Filed under: Realty

YAINVILLE, France: When an English gentleman built a half- timbered Anglo-Norman style country house here in the late 19th century and christened it “The Oaks,” he was assured of the propertys absolute privacy by the almost 20 hectares of woodland that surrounded it.

Today, the manor still is dramatically sited on a cliff overlooking the Seine as it loops its way inland from the coast.

Civilization has crept closer Д Rouen is just to the west. But much of the areas country charm is unchanged, and a small car ferry that makes the five-minute river crossing at the near-by town of Jumiиges sets the bucolic mood.

Enveloped in greenery (the property extends down to the waters edge), the eight-bedroom house is invisible from the road, and there are unspoiled river views from most of the principal rooms.

If the architecture was exceptional from the start, subsequent owners endowed the three- level, 800-square-meter, or 8,600-square-foot, country manse with an extra dose of theatrical йlan.

Foremost was Sacha Guitry, a French stage legend famed for his sophisticated Parisian comedies, who was immensely popular as author, actor and director of more than 120 plays. At only 26, flush with the triumphs of two early stage hits, he bought the manor for his wife, the actress Charlotte Lysиs, in 1911. They immediately changed its name to Manoir Les Zaoques, after the play that helped to make the purchase possible.

After a two-year renovation and additions that included a thatched outdoor terrace with open fireplace, one house for his chauffeur and another for the gardener, the couple took up residence in the summer of 1913.

With the same exuberance and wit of their theatrical productions, the Guitrys entertained on a princely scale: Menus featured whole lobsters; Champagne flowed. After-dinner amusements featured dramatic improvisations against the backdrop of the Grand Salon, with its soaring six-meter, or 20-foot, ceilings, a trompe loeil gallery above a bookcase and an oversize fireplace of painted brick and oak. At the top of a flight of stairs, an interior window offers a dizzying view into the room and its monumental wrought iron chandelier.

Off the main room are a large paneled billiard room, a small bar and a card room leading to the covered terrace.

There are two guest bedrooms on the first floor; two guest/childrens bedrooms and bath are linked by a gallery to the master suite, which has a black porcelain bath, walk-in dressing room and balcony on the second floor.

Two separate staircases lead to the third floor. One, from the master suites wing, ends at a bed/sitting room. The second set of stairs leads to a self-contained apartment with two bedrooms, a bath, a small kitchen and a large sitting room where a gilt wood and marble fireplace in the form of a small stage vies for attention with panoramic views of the river and countryside.

Guitry was renowned for his mordant wit and trenchant bons mots. (”Marriage is like an accident, you need witnesses,” he wrote, and “I am in favor of preserving the French habit of kissing ladies hands Д after all, one must start somewhere.”)

His rиglement а lusage des invitйs, or house guest rules, contained such sentiments as: “Notice to collectors, the little spoon in your room is not silver” and “Alas, all joys are limited! When the awful hour of departure has sounded….dont dawdle, say only: Im off! and you will see that we will be as courageous as you.” Posted in all the guest rooms in Guitrys time, the framed list now hangs in every bedroom along with photos of the playwright in his prime.

The Impressionist painter Claude Monet, who lived farther along the Seine at Giverny, was a frequent guest and sometimes stayed for weeks at a time. When the Guitrys planned their garden Д painterly flowers for Sacha, perfumed blooms for Charlotte Д the plantings followed Monets advice.

Today, the dining room is decorated in Givernyesque tones of yellow with open shelves of faience plates and a colorful Murano-style chandelier. A set of rustic wooden chairs said to have been painted by the artist is in an attic storeroom, but will not be included in the sale of the furnishings.

Along with the festive weekends, the property served as a retreat to stimulate inspiration. The author loved to film his friends, and in 1915 he made his first silent movie short, the beginning of a second career as a filmmaker. As prolific as he was witty, he produced about a dozen plays during the four years that he vacationed at Les Zoaques. One of the last was a 1916 revue that starred Yvonne Printemps, soon to be his second wife Д a marriage that was the end of idyllic Normandy summers. (He went on to marry three more actresses.)

 

12/31/2007 (9:57 pm)

Broad Indexes Fall, But Leading Stocks Fare Better

Filed under: Investing

The major indexes lost ground Monday, obscuring more stealth gains by leading stocks.

The Nasdaq sank 0.9%. The S&P 500 dropped 0.6%. The NYSE composite gave up 0.5%, the Dow industrials 0.4%. The small-cap S&P 600 index slid 0.9%.

Volume receded across the board. It eased 21% on the Nasdaq and 31% on the NYSE compared with Friday’s levels.

The Nasdaq, S&P 500 and company all closed at their intraday trading lows Monday. That continued Friday’s trend, when the market staged a negative reversal, turning early gains into losses.

The broad indexes haven’t given up much since their big gains Wednesday. Still, you’d like to see the market show some signs of overall strength.

But look a little closer, and you’ll find some impressive performances among top-rated stocks. While the major indexes bide their time, the market’s leaders have consistently outperformed the rest of the herd.

When the Nasdaq hit new lows early last week, the IBD 100 and IBD Weekly Review 85-85 held their ground. That set the stage for a powerful follow-through session Wednesday for both IBD indexes, as well as the Nasdaq 100.

Since then, the market’s leaders have continued to set the pace. On Monday, the IBD 100 climbed 0.2% despite the broader gauges’ declines.

The leaders’ performance looks even better when you exclude VeriFone Holdings. () The electronic payments firm said it would need to delay its fourth-quarter earnings report and restate its results.

That sent the stock plummeting 46% in huge volume. Strip out VeriFone’s action and the IBD 100’s average price change rises to 0.7% for the day.

The ranks of the market’s leaders did take a blow from Research In Motion. () The BlackBerry maker, an institutional favorite with robust earnings and price performance, got a downgrade from Morgan Keegan on Monday.

That sent the stock down 9.06 to 104.75 in brisk trade. Research In Motion sliced through its 50-day moving average.

But signs of weakness had crept up earlier. The stock rose on Wednesday and Thursday in diminishing volume. It then staged an ugly reversal Friday, falling 7% in heavy volume, setting the stage for Monday’s sharp drop.

Still, few other top-quality stocks have shown significant signs of trouble. Past-their-prime names such as Diana Shipping () and DryShips, () two stocks that sold off after overheating, were among the day’s biggest losers.

Mindray Medical, () a China-based lab instrument maker, fell in quiet trade, suggesting the start of a possible handle in a double-bottom base. Meanwhile, today’s Market Pulse shows several leaders perking up in rapid turnover.

 

12/31/2007 (9:57 pm)

Facts About the Iowa Caucuses

Filed under: Money

(12-31) 11:26 PST , (AP) —

Some questions and answers about the Iowa caucuses this Thursday:

Q: What is a caucus?

A: A party meeting at the precinct level at which citizens express their candidate preferences and pick delegates to their county conventions. It’s the lowest level of party politics Д the real grassroots. These meetings, held in each of the state’s nearly 1,800 precincts, typically draw anywhere from a handful of people in rural areas to hundreds in suburban areas.

Q: Who takes part?

A: Anyone who is old enough to vote in the November general election and is a member of the party is eligible, but traditionally only a small number of Iowans show up. This year, about 120,000 to 150,000 people are expected to vote in the Democratic caucuses, while 80,000 to 90,000 are likely to participate in the GOP contest.

Q: Why is it politically significant?

A: Persuading a group of average citizens to show up in support of a candidate is considered a sign of organizational strength. Each candidate courts politicians and activists at the state and local level in hopes of getting strong numbers of supporters to show up and participate. At the same time, the caucus system allows candidates to develop and hone their message before relatively small groups.

Q: What happens at a caucus?

A: Participants, led by a chairman or chairwoman, indicate their preferences for their party’s presidential nomination, pick delegates to their county conventions and discuss party business, including their party platforms.

Q: What happens next?

A: Delegates chosen at the caucuses go to the county convention later in the year. There, the field is winnowed and delegates are chosen for the district convention. This happens again at district meetings and again at the state convention, where delegates are named to attend the party’s national convention.

Q: Why are the numbers different?

A: The Republicans essentially hold a straw poll Д a head count Д at their precinct caucuses, reporting real numbers. One head, one vote.

The Democrats do not report straight numbers, but use a mathematical formula to determine support for a presidential candidate in percentages. A candidate must have the support of 15 percent of those present at any meeting, precinct caucuses through the state convention, to remain “viable.” This is meant to ensure greater consistency throughout the process.

Q: Will there be exit polls in Iowa?

A: Yes. The Associated Press and the television networks will survey voters as they enter the caucus sites. Those surveys will help readers understand what issues and qualities motivated Iowans to vote for a specific candidate.

Q: How did the Iowa caucuses get started?

A: A commission appointed after the riots disrupted the 1968 Democratic National Convention recommended proportionate representation and affirmative action. Iowa Democrats decided to use new rules in 1972, adopting a regulation that there must be a month between events Д the caucuses, county, district, state and national conventions. The caucuses wound up being held as early as January.

 
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