Word: betting
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...hedge funds are back--and bigger than ever. You may recall George Soros' minting a $1 billion profit in one month on a bet against the British pound in 1992 and later spurring the ire of small nations, which feared his currency plays would hurt their economy. Then in 1998 major hedge player Long-Term Capital Management self-destructed, and because it had borrowed so heavily, its losses threatened the health of large banks around the globe...
...cloth swivel chair, hyped on free Coke and stuffed with the dinner I bought with my green corporate card, for the amount of time it took one of the senior guys in my office to fly back from his golf outing in Iceland. I’ll bet your employer didn’t even like you enough to pay for your brown bag lunch, but my firm bought me seared ahi lunch and fire grilled dinner. My bosses even bought me breakfast on the days that I brought them coffee, a bagel, and the Journal in a timely fashion...
...selective amnesia might explain why in this sea of wartime chaos and controversy, Osama bin Laden has been conveniently lost. Not that Bush ever found him, of course, but now the Saudi fellow has vanished not only in reality, but also in rhetoric. I bet he is hiding away in some cave right now, feeling quite indignant. After all, he’s the one who did the work, and Saddam got the credit. That’s like plagiarism, only maybe a lot worse...
...more detailed, if less numerous, than Bush's. But the campaign didn't pivot from the past to the future after Boston and then hammer home Kerry's ideas. That left Bush a huge opening--and he reached for it in New York City. "They made a big bet on his Vietnam service," said Mark Penn, Bill Clinton's longtime pollster. "It was a good backdrop, but it was just that. He didn't really have an agenda coupled with that service...
While the jury is still out on how consolidation will affect consumers, it's clear that merger mania means opportunity for stock pickers savvy enough to bet on the next bank to get scooped up. When word of a takeover gets out, shareholders almost always see a pop in stock price. "Who is the next to go? That's the million-dollar question," says John McCune, research director at SNL Financial in Charlottesville...