Word: gaine
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Even in the most vanilla of trades, liquidation can impact the market price. With lightly traded securities, this can be magnified. For example, a fund might corner some asset by buying and buying and buying and then reporting a huge unrealized gain. But the moment the fund tries to sell and realize the gain (perhaps to pay off its last few investors), demand disappears, and the asset crashes. Again, investors withdrawing early got better returns over that time period than those who waited until later. (See the top 10 financial collapses...
...Hurricane Katrina. Just last week, the University of New Orleans published a report estimating that 11,700 jobs were added across metropolitan New Orleans between the third quarters of 2007 and 2008, a 2.3% increase. Much of that growth came from the construction industry, which experienced a 6.2% gain in jobs driven by massive bridge, road and school projects. That compares with a 5.9% decline nationally. (See how New Orleans has changed since Hurricane Katrina...
...appreciable discrepancy was detected by observations made at the International Earth Rotation Service in Paris. Since then, 24 leap seconds have been added, either on June 30 or Dec. 31; the last one was tacked on in 2005. At that rate, "it will be 5,040 years before we gain an extra hour," Novick says...
Those factors - whether they are, as in Winfrey's case, a thyroid condition that causes weight gain, or a belief that addiction is a disease that robs you of free will - are what derail thousands of quitters and abstainers from their New Year's resolutions. You could also call it the "f___ it" effect, the idea that once you cheat, you've blown it, so you might as well binge. In traditional 12-step programs for addiction, that line of thinking is encapsulated in the slogan "A drink equals a drunk." But understanding and overcoming AVE, says Marlatt, is crucial...
...make the appointment lest the people of Illinois lose their voice in the Senate, embodied by two Senators. Blagojevich is the only person empowered to fill an empty Senate seat from Illinois. He has, however, been charged with trying to sell that seat for political, and possibly financial, gain. (See the top 10 scandals...