Word: bowle
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...there's no way I'm not going to bet on the Super Bowl, the biggest betting event of the year, despite the fact that I hate football and know nothing about it. Luckily, the thoughtful hosts who run gambling establishments don't want anyone to feel left out, so they invented the "proposition bet," which creates wagers based on hundreds of superfluous details, such as who will win the opening coin toss, whether the first missed field goal goes left or right or if the jersey number of the last person to score is odd or even. Somewhere, someone...
...many scoffed at the notion of a woman in charge. So at her first press conference, Georgia Frontiere, the NFL's first female team owner, lashed out at those who "feel there are two different types of people: human beings and women." The team went to the 1980 Super Bowl, losing to Pittsburgh. In 1995, Frontiere enraged fans in California, where the Rams had been based for 50 years, by moving them to her hometown of St. Louis, Mo. The team went on to win the 2000 Super Bowl...
...former chairman of the Federal Reserve Board famously described his job as "taking the punch bowl away just when the party is getting good." Current Fed chief Ben Bernanke wishes it were so. With stock markets around the world reeling, and with a deep housing slump in the United States crippling growth in the world's largest economy, Bernanke's Fed is now frantically ladling the punch out - even though almost everyone already has a brutal hangover. The Fed's surprise January 22nd rate cut - it slashed its key interest rate three quarters of a percentage point, and signaled that...
...former chairman of the U.S. Federal Reserve Board famously described his job as "taking the punch bowl away just when the party is getting good." Current Fed chief Ben Bernanke wishes that description still applied. With stock markets reeling worldwide and recession looming in the U.S., the world's largest economy, Bernanke's Fed is frantically ladling out punch in the form of interest-rate cuts - even though almost everyone already has a brutal hangover...
...first time in a decade the "key driver of the U.S. economy, the consumer, seems to have finally thrown in the towel," says Xie. If true - and the economic data increasingly suggest that it is - the party really is over, and Bernanke may not have a big enough punch bowl to get it started again...