Word: costes
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...your hair in their reflection" - spiral into a sordid tale of murder, kidnapping and torture. After being sentenced to life imprisonment, one of the perpetrators, Larry Stanley - "paunchy, graying, defeated, and washed-up at fifty-seven" - tallies the price of his dream: "My search for the rocket belt has cost me more than half a million dollars and left my family destitute and on food stamps...
...agree that certain state-provided services are important. The state gives jobs to 68,000 employees; it maintains police departments and public schools; it keeps roads and bridges from crumbling. Yes, it would be great to give citizens a tax rebate, but Question 1 does it at the cost of all these benefits...
...stimulus package approved by President Bush in February and the estimated $188billion spent for the wars in Iraq and Afghanistan through 2008. Add to that the $700 billion financial bailout package passed in October, plus another economic stimulus package likely to take shape in the coming months that could cost as much as $175 billion, and you're talking about an all-inclusive fiscal 2008 deficit exceeding $1 trillion...
...family's got an entire entertainment and leisure budget," says Michael Pachter, an analyst who tracks video games at the securities firm Wedbush Morgan. "You're going to see a shift from high-cost forms of entertainment to low." Parents may cancel a Christmas ski trip that would cost about $40 per hour, the logic goes, and instead spring for Nintendo's Wii Fit so the family can do some virtual skiing through the long, cold winter at a cost of $1 per hour...
...said that this current market crisis isn't necessarily a black swan event. People did see this coming.It is a white swan, but very few people saw it coming, I guarantee. Nobody saw the real cost. And let me tell you the problem. The system used to analyze risk is completely defective, and actually could not keep up with the complexity of the financial products that are involved. You have what I call a geometric or exponential increase in risks. For example, if the market drops 10% you lose $100 million. But if the market drops...