Word: bets
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...message to dollar bears is clear: the grimmer the headlines are, the more misleading they can be. Selling the dollar short because of the financial crisis is not a sure bet. All economic news is relative, and right now the news is bad all over the world. Over the next several months, the greenback could even begin to look like a safe harbor in the midst of the global economic storm...
Only a month ago, Bruce Lunsford looked like a bad bet to unseat the most powerful Republican on Capitol Hill. A businessman who twice failed to become Kentucky's governor, Democrat Lunsford seemed not much of a match for minority leader Mitch McConnell, who has spent 24 years in the Senate. McConnell's campaign has raised nearly $18 million, while Lunsford had to loan $5.5 million to his. But where polls as recently as mid-September were showing Lunsford running 13 or more points behind McConnell, several since then suggest the race is a dead heat, and the national Democratic...
...billion in the first three months of the year alone. But Gradante says things really unraveled in the past month or so, as investment banks, feeling a capital pinch, started to require that hedge funds pay back their loans. The funds typically borrow money to buy stocks or bet against them in order to increase their returns. Hedge funds were then forced to sell their positions, often at a loss, in order to pay back what was owed. What's more, many investors began getting nervous and pulling their money out of the funds. Those redemptions have forced managers...
...McCain's best bet is to ignore all the advice he is getting about what he needs to accomplish and how he should comport himself: don't try to be all things to all strategists. Instead, he should say what he truly believes about his own proposals, about Obama's qualifications and about the challenges the country faces, without an overly crafted strategy. His debate performances have improved, and he is always his most likeable - and most formidable - when he uses his head and speaks from the heart. To slightly tweak the wise old song, dignity is just another word...
...need to be effective. Following the British bailout, the three British banks will now have capital ratios above 9%, by the most important measure, well above international minimum requirements - "a level that should put them on a strong footing for the future," the Treasury reckoned in a statement. Having bet big, the government, for one, will be hoping that stronger future arrives soon...