Word: butter
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Dates: during 2000-2009
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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...
...early Paramount features, a six-pack of his later MGM movies, and a month of specials on TV Land, Elvis-mongers are offering a colorized silver dollar, "the Elvis Presley 30th Anniversary Silver Eagle 2007," yours for only $39.95;, and an Elvis edition of Reese's Peanut Butter Cups with "a specially formulated peanut butter and banana crème flavor." Presley-philes in a higher income bracket - Jay Leno's - will want one of the 30 Harley-Davidson bikes built as replicas of Elvis' 1957 Black FLH model (Retail price: $58,812; each comes with a painting and sculpture...
...countdown to Jan. 14 begins this week with the GOP straw poll in Ames, which coincides with the state fair in Des Moines. Journalists will describe the luscious pork chops and the cow sculpted from butter. Meanwhile, the Iowa GOP will pocket about $1 million for party-building expenses. The straw poll is Frank Capra only on the surface. At heart, it's the party's No.1 fund raiser...
...Made in China Re Jyoti Thottam's "The Growing Dangers of the China Trade" [July 9]: Have we selectively forgotten that mad-cow-diseased beef and other tainted food products like bagged spinach and peanut butter originated on U.S. soil within the past few years? To pathologize China's industries as corrupt not only reeks of centuries-old Yellow Peril rhetoric but also fails to acknowledge the shortcomings of transnational regulations. We must take responsibility for cleaning up our own backyard when demanding that others take care of theirs. Rachel Endo, Omaha, Nebraska...
...wake of a series of scares involving E.coli-laden spinach, poisoned pet food and salmonella-tainted peanut butter and snack puffs, it seemed safe to assume that the nation's food supply wasn't particularly well-safeguarded. On Tuesday, Congress made it clear just how vulnerable it is, in a House investigative hearing that identified the Food and Drug Administration (FDA) as underfunded, understaffed, and unprepared to ensure the safety of foreign food imports into the United States...