Word: exactments
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...twist: As the stock market falls, investors tend to buy put options in order to hedge against falling prices. As the price of put options increases, the implied volatility of those options increases, and so does the VIX. However, if the S&P 500 had moved in the exact opposite direction this year, the VIX would not have been as high even though the S&P 500's actual, realized volatility would have been identical. Volatility is symmetric to market rises and falls, but the VIX is not. Reason: A falling market scares traders into buying put options...
Opponents of last week's release of memos detailing CIA interrogation techniques argue that they will provide enemies of the United States with a training manual to prepare their operatives for capture. The irony is that the U.S. military appears to have done the exact opposite, taking a training program that had been designed to prepare American soldiers to withstand torture by communist regimes seeking to extract false confessions and twisting it into a highly controversial interrogation manual...
...passing reference to "chatter" that suggests there's about to be another 9/11, the underlying message to Justice being that unless it approves the abusive interrogation techniques, the deaths of thousands of Americans will be on its head. Someone objective needs to take a close look at the exact wording of the "chatter", and tell the President whether there really was an imminent threat. The complete raw interrogation reports should also be reviewed by the same commission to compare it to follow-up investigations, in particular leads generated inside the United States. We cannot take anyone's word...
...civilians who escaped on Monday were among over 150,000 trapped in the now narrow battle zone, according to the U.N.; the Sri Lankan government puts the figure at around 70,000. "We cannot give an exact figure, it is very difficult," Hulugalle says. The U.N. has warned that conditions are precarious within the zone, with civilians running short on safe drinking water and food, and getting caught in the crossfire...
...Nikam, objected strenuously, arguing that according to the court's record - the confession submitted to a Mumbai magistrate, the jail's entry logs and the charge sheet against him - Qasab had given his date of birth as Sept. 13, 1987. The defense attorney said Qasab does not remember his exact birthday, only that he was less than 17 at the time of the attacks. To resolve the standoff, Tahiliani told Qasab, "Please stand up." Addressing the open court, Tahiliani concluded, "If one looks at Accused No. 1, it looks that he is definitely above 21." At that, he decided...