Word: breads
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...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...
...Caltech’s ubiquitous kitchens (one per hallway) are really the centers of its house life. So, as we toasted bread like mere mortals, I met a number of my friend’s classmates. Fascinating as they all were, it was really my friend whom I got to know that day—his cooking skills were a new side to him that I had never seen in high school physics. Even when we lost an eggshell in the pan and broke the yolk trying to fish it out, it didn’t matter. We both laughed...
...they arrived at the Iraqi police headquarters in Karbala on Jan. 14. Some of the Iraqis the soldiers had been working with since the fall seemed unusually tense. One Iraqi police officer heckled some soldiers at the back gate in broken English, saying "U.S.A. bad, Iraq good" before throwing bread at them. Another aired an ominous warning. "Tomorrow," he said to soldiers standing guard outside, pounding a fist into his palm. "Tomorrow...