Word: contractive
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...Rouwenhorst. The two economic historians turn what could have been a bone-dry survey of arcane financial instruments into a lively history of finance. Even more improbably, the book is gorgeous. You can see the crimson illumination on the Ligatio pecuniae and read the fine print on a futures contract from the Dutch West India Co. Each chapter is a minihistory written by stars like Niall Ferguson and Robert Shiller, who explain in rich prose the connections between Chinese pawnshops, Greek moneylenders and, ultimately, the cash in your pocket. --By Jyoti Thottam
...cutting corners doesn't necessarily make things run faster. In many parts of Louisiana and Mississippi, frustration is building over the slow recovery. Relatively few of the promised federal help centers to coordinate assistance have been opened, while some local officials have struggled to get contracts for cleanup projects approved in Washington. Numerous victims of Hurricane Katrina have had trouble applying for assistance, whether online or on the telephone, though bandwidth and staffing have been greatly increased in recent days. One of three Carnival Cruise Lines ships that was chartered to house thousands of relief workers and possibly evacuees...
...people in the industry think it can come up with anywhere near that many units in the next few months. Ed Unger, director of operations at Tom Raper RVs in Richmond, Ind., says it took about a week on e-mail to complete a $15 million to $20 million contract to provide from 1,000 to 2,000 trailers. Under FEMA guidelines, he'll have to wait until all the trailers are delivered down South before he gets his check. The only real snag was that after the dealership had come up with the idea of filling each trailer with...
Frank Herrmann ended his junior year at Harvard with no intention of signing a professional baseball contract. He was excited about pitching this upcoming season, and besides, the 2005 Draft had come and gone long...
...notion of “What if?” ultimately proved too glaring for Herrmann to ignore. He figured that if he pitched for the Crimson in 2006 and did poorly, or got hurt once again, the prospect of another contract coming along would be slim...