Word: bonds
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Dates: during 1990-1999
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...truly devoted to his girlfriend,"Siktberg says. "He struck me as the type who had alife-long bond...
...possible that your mortgage has been chopped in half -- with the principal portion sold off and bundled up into a P/O, which stands for "principal only," and the I/O, "interest only," going another way. Bond funds use I/O derivatives to add yield to their portfolios and make aggressive bets on the direction of interest rates...
Derivatives, which are based on such real assets as stocks and bonds, work like most professional betting games. They have a zero-sum outcome, always producing a winner and a loser. The bettors put up their money, and the people who run the casino -- a bank, a brokerage house or an insurance company -- figure out ways to pass on the risks. Companies use derivatives to hedge against changes in interest rates, foreign-exchange rates and commodities prices. Mutual funds and pension funds use them to protect their stock and bond investments. Major banks, brokerage firms and insurance companies write them...
...Harvard describes the Outing Club as "dedicated to outdoor fun and adventure." Just like that whale in Moby-Dick. I head over to club headquarters to pick up a 'dopesheet' describing upcoming outing opportunities. One of the trips listed is a "multi-day ski-backpack-camping trip to Mt. Bond in the Whites." Mount Bond in the Whites. I liked the ring of that. It sounded like an exotic aperitif. Unfortunately, I don' know how to ski. Or backpack. Or have fun. And as far as hiking goes, I get winded walking up the two flights of stairs...
City of Broken Hearts tells of a middle-aged Bostonian whose wife has left him for another man. He tries to connect with his grown son through their old bond of going to a Red Sox game, only to discover that their roles are now reversed: in order to find a new life, the father must learn from...