Word: accounting
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...want to trade one contract of crude oil on the New York Mercantile Exchange (NYMEX). Since you're not a member of the exchange, and no one will really trust your new oil venture, you're going to need to start with at least $10,000 in your margin account (similar to a brokerage account, but it lets you leverage your bets to the hilt) as collateral to comfortably trade one contract. That might sound like a lot for just one contract, but a single contract on NYMEX represents 1,000 barrels of crude oil: if the price moves...
...worse price in order to guarantee that your trade executes. In all, you'll probably give up at least $20 per contract. That adds up, and can easily eat away at any potential profits. If you made one trade per day, you'd be losing 1% of your account value per week just on fees and slippage. At least at the roulette wheel they bring you free cocktails when you're hemorrhaging cash. (Read "How the Coming Rise in Gas Prices Will Change the World...
...involve schools whose students have specific health concerns that increase their risk of severe illness, said Frieden, such as schools for pregnant teens or students with muscular dystrophy or cerebral palsy, conditions that interfere with breathing or may otherwise complicate influenza. The government also advised schools to take into account trends in outpatient visits for influenza at local hospitals, as well as rates of hospitalizations and death from the disease, in determining whether to close. (See pictures of the swine-flu outbreak in Mexico...
...Federal Government has set up a central clearinghouse for flu information at flu.gov and a Twitter account with regular updates at @CDCemergency. Government officials don't underestimate the challenge of getting the word out about flu to non-English-speaking citizens and communities that are not regular viewers of prime-time press conferences or followers on Twitter. "Right in the middle of our biggest cities, where we assume everyone knows everything, there are people who don't have access to information," explains Bobby Pestronk, who directs a trade group of local health officials. "The new virus is exploiting weaknesses...
...Nesson's speech was characterized by an anecdotal account of one of his first experiences with the court system (as a young man, he appealed a ruling for a traffic violation), a concluding allegory about a wise old man and a bird ("the bird is in your hands," he told the jury), and a portion during which he intended to have jurors listen to a song (quashed by Gertner in the interests of time...