Word: golds
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...Fool's Gold: How the Bold Dream of a Small Tribe at J.P. Morgan ... Unleashed a Catastrophe By Gillian Tett Free Press; 293 pages
Four years ago, Gillian Tett made the curious choice of moving to the capital-markets desk at the Financial Times--bonds, mortgage securities, derivatives. Arcane stuff, numbing stuff. Did she sense something? Tett eventually found herself covering the biggest financial story in a generation. Fool's Gold tells how a team at J.P. Morgan popularized credit derivatives, then pulled back worriedly just before the rest of the banking world was nearly destroyed by them. The physics of finance is complex, but Tett explains the world of derivatives as well as any book for lay readers ever...
...freshman sabre Valentin Staller—who had nine victories and 78 touches in the tournament for a 15th-place finish—propelled the men to seventh overall at NCAAs. At the NCAA Regionals, junior epee Karl Harmenberg mirrored his female counterpart Mills, as both took home the gold medal in the weapon. Senior Maria Larsson finished behind Mills in second. Other Crimson fencers who competed in the NCAA Tournament included freshman foil Shelby MacLeod and Larsson—both of whom finished 17th in their respective weapons—along with Itameri-Kinter, who finished 20th...
...were not evident from the start. Despite opening with sloppy play and a shot that went off the side of the backboard, BC held a 17-11 advantage with 9:23 left in the first half. From there, Harvard began its steady takeover as the players and fans in gold and maroon looked on in disbelief. The Crimson took the lead with 7:32 to go in the first off of a three. There would not be another lead change...
...legislators pressed their case - especially the Republicans, who seemed convinced, as one said, that the Pentagon budget was part of a nefarious Obama Administration plot: "Fiscal restraint for defense and fiscal largesse for everything else." Congressman Trent Franks of Arizona was very concerned about anti-missile defense - a gold-plated pipe dream, if there ever was one - and especially a product dramatically called the Kinetic Energy Interceptor. To which Gates replied, in a manner so casually dismissive that Franks seemed to shrivel in his seat, "I would just say that the security of the American people and the efficacy...