Word: actually
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Dates: during 2000-2009
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Nugen also has spent years working with the actual delegates - not just 852 superdelegates but those obscure folks who are elected to represent their districts at the convention. "One of the things is having been on the Obama staff during the primaries doing politics he knows who needs what, who needs to be stroked more, who needs little extra care there," says Jamal Simmons, a strategist who managed regional press for Al Gore in 2000 and met Nugen at that year's convention. "He knows that all delegates are equal but some delegates are more equal than others...
...market is the open interest, the total number of outstanding positions. For contracts ranging from next month to a decade from now, there is a total of one billion barrels accounted for from the total number of outstanding positions. Interestingly enough, more than 30 billion barrels of oil are actually consumed each year. Despite all the volume, the claims realized through open interest pale in comparison to the actual consumption of oil. The futures market is much smaller than the real oil market. When you consider margin, the amount of money actually invested is even smaller. Indeed, one dollar invested...
...even that risky. Either the suppliers/investors risk an insignificant fraction of their gargantuan fortune, or they entice other investors to share the risk. With virtually unlimited resources and an actual tie to the underlying commodity, oil suppliers are in a far better position to accomplish this manipulation than, say, the Hunt brothers were during their attempt to corner the silver market in the 1970s...
...Prices in the futures market - and, indeed, any real-life market on a standardized good - do not form where actual supply meets actual demand; they form where perceived supply meets perceived demand. Participants in the futures market merely represent the world around them. A veil has been placed over the public's eyes, and they accept this illusion of a fair price...
...measuring victory since the Electoral College. Gold, silver and bronze all count as one point? Then why make different medals? Sure, it practically guarantees that the U.S. gets first place, but that's only in a system in which it's as good to be third best as actual best-and in that world, Ralph Nader would get to make presidential decisions. If you also gave a point in the medal count for fourth through 6.7 billionth best in each sport, China and India would be kicking...