Word: desks
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...Nikkei stock index and Japanese government bonds when he got into trouble in the mid-'90s. He was anything but one of the investment banking "Masters of the Universe" made famous by Tom Wolfe in the 1980s. He was a relatively ordinary young professional on an obscure trading desk, who bet the wrong way on the Nikkei's direction; then he doubled down, trying to recoup the firm's money, and lost again. At one point in early 1995, he had half the open interest on the Nikkei futures, along with 85% of the Japanese bond contract that he traded...
...trading" (OK, fellow history majors, once but only once: Hah! Hah! Hah!). But at SocGen, a bank that had made a name for itself trading derivatives - the ever more exotic instruments now available to investors worldwide - he worked in what his colleagues sniffily called "the mine": a trading desk that made uncomplicated up-or-down bets on the direction of Europe's largest stock markets. Kerviel made about $145,000 a year...
Next door, Salmar Hussein complains that the CLCs are taking his business. At what first appears to be a travel agency - a desk, a few chairs and a giant mural of a fairy-tale pastoral scene - Hussein runs a real estate business, although he says he hasn't rented or sold a house in four or five years. "The main reason we don't have any business is that the people who come here don't care - they just break the gate and occupy the house. Some people arrange this." He is nervous, afraid to say anything more...
...Saddam's own office when an American soldier grabbed one of the flags hanging next to the dictator's desk and, pointing on the lettering, asked his Kurdish translator, "What does this say?" The translator replied, with obvious disgust, "It says 'Saddam Hussein...
...intro lecture.” 15) History 10a, “Western Societies, Politics, and Cultures: From Antiquity to 1650:” “Every time any of these professors speaks, I slip into a coma, fall out of my chair, and crack my head on the desk of the person sitting to my right.” N.B.: this is an actual course evaluation...