Investment in bonds as part of portfolio diversification should be done via a mix of sectors matching your income needs, risk tolerance and interest rate outlook.

FORBES: Better Bonding

Boston, for instance, has seen similar falls in its murder rate, yet it rejected zero-tolerance policing in favour of close co-ordination between the police, probation officers and black leaders, and an effort to get guns off the streets.

ECONOMIST: The dark side of zero tolerance

If anything, he believes, the central bank shows more bias toward another rate increase than toward a cut, given that its last three statements show less tolerance for rising prices than those statements prior to June.

FORBES: Fed Holds Steady