Word: bread
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Dates: during 2000-2009
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...trade in their trawlers for dive boats. They did, the fish came back to the reefs, the local economy flourished and everyone - tourists, residents, and coral ecologists alike - was happy. In cases like these, one hand washes the other, says NOAA's Eakin. "If healthy coral reefs are your bread and butter, you're going to make sure they're in good shape...
...trade in their trawlers for dive boats. They did, the fish came back to the reefs, the local economy flourished and everybody - tourists, residents, and coral ecologists alike - was happy. In cases like these, one hand washes the other, says NOAA's Eakin. "If healthy coral reefs are your bread and butter, you're going to make sure they're in good shape...
...does this happen? Why is a hedge fund like Global Alpha affected by events in markets far removed from its bread-and-butter exposure? The root of the problem is high leverage. For example, when this debacle hit, one of Goldman's funds was leveraged 6 to 1, so every dollar of investor capital claimed six dollars of positions. This is the dry kindling for a market firestorm. When things go bad for a highly leveraged hedge fund, it gets a margin call and has to sell assets to reduce its exposure. Naturally, as it sells, prices drop. The falling...
...fully planned schedule. Some were mystified by the socks that came with their uniforms. Like soldiers around the world, they complain particularly about the food. "The cauliflower is much better at home," says Mohammad Rahim, 18, as he picks over a meal of vegetable stew, rice and bread served out on the range where he's been drilling on targeted fire. For 18 weeks the recruits learn to march in formation, set up camp, shoot weapons, organize missions and react to ambushes. Staff Sergeant Robert Paul Rosell, a California National Guardsman who works as a mentor to the Afghan battalion...
...Post liberalization of the economy in the '90s, a new mind-set has evolved," says sociologist Patricia Oberoi. "The socialist inhibitions of old have gone, and there is encouragement from private interests, and by default from the government, to spend more. Weddings are the bread and butter of bridal fairs and magazines, and of the fashion and event management industries...