Word: arounder
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Dates: during 2000-2009
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...decision day approaches, Chicago is covered in Olympic hype. Banners are draped around downtown, and Olympic athletes are even delivering prerecorded pro-bid messages on Chicago's buses. But overall, support for the effort has slipped: just 47% of residents favor hosting the Games, according to a poll taken in late August, compared with 61% in February. (See highs and lows from the 2008 Beijing Games...
Such Olympian angst may be moot. IOC insiders believe Rio's bid is gaining favor (South America has never hosted an Olympics). Around the Rings, an American publication that exclusively covers the Olympic movement, tagged Rio as the favorite in its final ?Power Index? ahead of decision day. ?Rio has been able to deliver an emotional edge to its appeal that other bids haven?t matched,? says Around the Rings editor Ed Hula. Perhaps the President can up the ante. After insisting that health care business would prevent him from trekking to Copenhagen to personally lobby...
Makes sense, right? Stocks, risky. Bonds, safe. Or at least safer. But risk in financial markets has an irritating habit of following investors around. The big rush into bonds - especially high-quality, low-risk bonds such as Treasuries and government-guaranteed mortgage securities - may have created a situation in which most of today's bond investors are bound to lose money. Not 50% losses, as in the stock market, but losses nonetheless. Which for many newcomers to bonds will be a big shock...
...measly. "It's not enough to live on," says Luis Antonio, who has grown coffee near Quetzaltenango, in Guatemala's western highlands, for three decades but gets deeper in debt each year. "What we earn isn't enough to buy food for our children." (See pictures of urban farming around the world...
...organic coffee, almost 10% more than the market price. But Antonio is left with only 50¢ per lb. after paying Fair Trade cooperative fees, government taxes and farming expenses. By year's end, he says, from the few thousand pounds he grows, he'll pocket about $1,000 - around half the meager minimum wage in Guatemala - or $2.75 a day, not enough for Starbucks' cheapest latte. The same holds true for other Guatemalan growers, like Mateo Reynoso, also from Quetzaltenango. Without Fair Trade, he says, "we wouldn't be growing coffee anymore." But even Fair Trade prices "haven't kept...