In this Issue:

•Winter in August Sends Chill: Deteriorating credit market conditions hit high-yield market.

•Intelligencer: Headlines, Highlights, and What's on Our Minds

•The Observatory

•Rising & Falling Stars

• It's the New Plastic!

•A Brave Nano World:What sounds like science fiction is becoming a reality.

•Weathering the Storm: Despite recent volatility, emerging market equities continue to outperform.

•Avoiding Volatility:These low-beta stocks will help you do just that.

•Entergy Hopes Plants Power Profit: Expanding exposure to nuclear power is giving the utility an edge.

•Home Depot Looks to Market Recovery: Customer service is one of the home improvement retailer's strengths.

•Industry Momentum Portfolio: This Standard & Poor's portfolio identifies industries with the potential for above-average price performance.

Some of the Companies featured:
Airgas
Allstate
Carlisle
COLGATE-PALMOLIVE
CULLEN/FROST BANKERS
Danaher
Diageo
Ethan Allen Interiors
Fastenal
Hornbeck Offshore Services
Jacobs Engineering Group
MGIC Investment
Procter & Gamble
Tiffany & Co.
Trinity Industries
Walgreen

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Standard & Poor's is one of the world's preeminent providers of credit ratings, and for such globally recognized financial-market indices as the S&P 500®. S&P also provides a wide range of other products and services designed to help individuals and institutions around the world make better-informed financial decisions with greater confidence.