Word: dollarized
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...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 prices...
Addressing the shortfall won't be easy. Ultimately, it will be up to individual schools to provide family-friendly benefits like off-season flex time. But will the athletic directors spend that last dollar on day care for a female coach or a shiny new locker for the football team? Will they actively recruit a woman coach as hard as they do a man? "The most important thing to my athletic director is the Directors' Cup," Yoculan says of the award given to the school with the best overall athletic performance in both men's and women's sports...
...that's saying a lot when one considers the marketing schemes in previous years). In addition to an eight-film collection of his 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...
...that with our tons of multimillion-dollar weapons and equipment, from tanks to helicopters to drones, we can't seem to defeat the insurgents who have none of this technology? Your sidebar "Moving Mountains" showed that the old weapons and warfare are no longer viable. When a $10 pipe bomb can blow up a humvee or Bradley vehicle, it just shows the whole world that our concept of warfare has been a colossal mistake. Former Defense Secretary Donald Rumsfeld's plan has turned out to be a waste of lives and treasure. John Holland, Anaheim, Calif...
Linden is also dealing with other disgruntled users. After it booted Marc Bragg over questionable virtual real-estate deals, the Pennsylvania resident sued the company last year for confiscating property worth thousands of dollars. While Linden won't discuss the merits of pending litigation, it's clear that Second Life's virtual assets have actual value. Linden lets users retain the rights to digital imagery they create on-site, and the result is a thriving economy that's as real as it gets. Attorney Stevan Lieberman made $20,000 last year helping Second Lifers file patents, trademarks and copyrights...