MSNBC.com
Choosing the right investments in the coming year will not be easy. Many Wall Street pros are advocating defensive strategies, and a few, surprisingly, think 2008 might turn out to be a pretty good year for the markets after all.

  • Buyers of ultra-high-end cars have fallen into two camps — performance or luxury. But now automakers are betting more big-spenders fall somewhere in between the two extremes.


  • NEW YORK - FEBRUARY 22:  Cocktails "Capote" Bloody Mary, a "Good Night & Good Luck" Martini, a "Crash" LA Ice Tea, a shot of Jagermeister with a German beer and a "Brokeback Mountain" 94 single barrel Jack Daniels with a twist that will be served during the Academy of Motion Picture Arts & Sciences New York Oscar Night Celebration are displayed at The St. Regis Hotel February 22, 2006 in New York City.  (Photo by Paul Hawthorne/Getty Images)For most of us the holiday season is an ambivalent combination of joy and stress. But for one business sector it is a nail-biting, make-or-break six weeks — the liquor industry.


  • Lucy Southworth, Larry Page, ?, ? ==
VANITY FAIR Oscar Party==
Morton's, Los Angeles, CA==
February 25, 2007==
©Patrick McMullan==
Photo-Patrick McMullan/PatrickMcMullan.com==
==
For most people, a wedding is a simple, joyous occasion. For billionaires it's more complicated, with stresses and strains that others don't bear.


  • America's elite universities' predominance is increasingly defined by the great magnitude of their wealth relative to their modest size and to the rest of the higher-ed universe.


  • In an undated photo provided by General Motors, a 2007 Chevy Tahoe LTZ is shown. General Motors Corp. emphasized fuel efficiency Tuesday, Sept. 20, 2005 when it introduced its newest sport utility vehicles, which will go on sale early next year. (AP Photo/General Motors, ho)With oil prices flirting with $100 a barrel, who in the world would want a large, gas-guzzling sport-utility vehicle? Quite a lot of people, as it turns out.


  • While automakers compete fiercely for drivers of modest means and margins keep thinning, luxury brands such as Porsche, BMW and Daimler grow more robust every year.


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