Word: broking
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...early 2008, the University broke ground on the Allston Science Complex—a facility aimed at promoting interdisciplinary science, rumored to boast an eventual pricetag of $1 billion—but announced in February that it would slow construction and reconsider the pace and design of the project. In the meantime, the University has pushed forward on expansion and renovation projects at the Harvard Art Museum, Law School, and Arnold Arboretum...
California, you may have heard, is an apocalyptic mess of raging wildfires, soaring unemployment, mass foreclosures and political paralysis. It's dysfunctional. It's ungovernable. Its bond rating is barely above junk. It's so broke, it had to hand out IOUs while its leaders debated how many prisoners to release and parks to close. Nevada aired ads mocking California's business climate to lure its entrepreneurs. The media portray California as a noir fantasyland of overcrowded schools, perpetual droughts, celebrity breakdowns, illegal immigration, hellish congestion and general malaise, captured in headlines like "Meltdown on the Ocean" and "California...
...give you $110, and instead of $10, you have to give him $100. You could wipe out your entire coffer after 10 coin tosses. The idea is similar for smart poker-playing: the trick is to play at levels at which you have a negligible risk of going broke, but you’re still able to make a significant profit...
...part, Darkhawk tries to diminish his chance of disaster with a simple rule: his bankroll should be at least 100 times the buy-in for a given game, to ensure that the game’s variance won’t leave him broke...
...between magnifying a single dip or rise in the Dow Jones and seeing it from a few feet away as a simple hiccup in a concerted (and, for the expert poker player, orchestrated) upward trend. You’re not really a gambler until you’ve gone broke and made it back. “Losing is normal. You’re supposed to lose,” Darkhawk says. “Winning has to be detached from how well you’re playing...