Word: excepted
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...surprise, then, that in 2005 he was immediately intrigued when he read a small news item describing the efforts of the Oregon State Hospital to move the cremated remains of thousands of psychiatric patients who had died between 1913 and 1971. The article hardly suggested an art treasure - except to Maisel, who noticed that the remains were stored in copper canisters, which he guessed had probably turned to dazzling colors over the decades...
Suppose some investors decide to withdraw their money from a hedge fund. The fund must liquidate the appropriate amount of its assets to pay these investors. Say the fund holds large positions in illiquid assets. The fund cannot immediately sell these assets, except at a fatal loss, so it would sell its more liquid assets. Given that the fund is more likely to inflate its estimation of the illiquid assets, it would seem that investors who withdraw early get the better returns over that time period. Sounds a bit like a Ponzi scheme, right...
...significant step away from the U.S. government's former headquarters in Saddam Hussein's ornate, marble-filled republican palace, which was handed back to the Iraqis when the clock struck midnight on New Year's Eve. The new place is stark and practical - like a "straightforward business office," except with heavy security, says Master Sergeant Patrick McDonald, who heads the embassy's work on the upcoming Iraqi elections. He adds, "In a way, you sort of miss the touch of Saddam...
...game-high 22 points in the first half.After the break, the Trojans quickly extended their lead to 27. The Crimson, however, refused to go away. Harvard demonstrated its resilience in a second half that saw it play mighty USC even.On the night, the Crimson did everything right except make their shots, hitting just 37.5 percent from the field.“I loved our patience and our balance, but some of out shots just didn’t fall,” Delaney-Smith said.Tay and sophomore Emma Markley led the team with 16 points each, and sophomore Claire Wheeler...
...many ways, the challenges of Asian democracy are a reflection of its youth. Democracy in the West evolved over centuries - and, even then, its proponents understood its limitations, as Winston Churchill did when he postulated that "democracy is the worst form of government, except for all those other forms." Asia, for the most part, has raced through the democratization process in just a couple of decades. Though much of the continent considers itself democratic, only five of the 25 Asian nations polled in the 2008 survey of political and civil rights by the U.S.-based NGO Freedom House were deemed...