Word: fractions
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Dates: during 2000-2009
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...less than 2% of the 15.5 million tons of total landed catch, and added about $600 million to a worldwide $26 billion-a-year fishing business. And University of British Columbia researchers calculate that current subsidies for high-sea bottom-trawling amount to just over $150 million, a small fraction of the $30 billion that governments spend yearly to prop up a global fishing industry that produces twice as much as is sustainable. "It's important to nip these subsidies in the bud before more interests get barnacled around them," says University of British Columbia's Rashid Sumaila...
...more stringent art import legislation, enacted within the last few years. In addition, there is an increased interest in art and antiquities as investment. "People have started to appreciate the fact that this is a field where you can still get high quality objects for a fraction of what you would spend on a contemporary art object, where speculation is the biggest element determining value," he says. Ambrose agrees: "The art market has gained status as a respected asset class...
...winnowing may begin even before students arrive at Harvard, as some experience the rarefied pleasure of applying to one or more pre-orientation programs. The Freshman Urban Program, for instance, gleefully informs applicants that: “Due to limited space and resources, we can only accept a fraction of those who apply, and we maintain an active wait-list.” And this is nothing compared to the bewildering array of “comps” that await students after they register. Sometimes it seems that what actually binds all Harvard’s 6,000-plus...
Designer handbags make a statement, but no self-respecting fashionista wants to keep repeating herself. Help is here from Handbag Hire HQ www.handbaghirehq.co.uk, which rents luxury bags to customers in the U.K. and Ireland. For $15 a month, clients gain access to the latest must-have accessories at a fraction of their retail value: the $990 Mulberry Bayswater, the $1,200 Louis Vuitton Hampstead and the $2,500 Chloé Paddington are available for $50, $60 and $70 per week, respectively. Customers receive their orders by post within two days...
This arrangement is great for the winner, "Wow, I just made $1,500 off a $1,000 investment!" But terrible for the loser, "I lost WHAT? But I only invested a fraction of that!" That's why being an individual or "retail" investor in the currency market is not for the faint of heart...