Word: greater
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...measure of volatility. More accurately, it takes account of the worst-case volatility that investors writing, or selling, options are expecting. In a relatively stable market, the VIX probably does mimic realized volatility fairly accurately, but in desperate times, as investors flock into put options - and greater volatility is possible in the near future - the VIX is an inflated measure of actual volatility...
This past Saturday, the first Harvard Australian Studies Symposium brought Australian and American archaeologists together. And this past Saturday, a scheduling mishap bridged even greater divides by bringing these archaeologists to the Queen’s Head Pub Drag Show...
...stirred up by their opposition to big national government. America is now a multicultural quilt of 300 million people spread across cities and suburbs and forests and prairies; when it is compared with the colonial world of our forebears, it is harder to judge whether what unites us is greater than what divides us - or agree on just how much power we want to cede to Washington so it can fight pirates and build highways and cure cancer, and how much we prefer to keep for ourselves...
...Defeating the pirates, however, took more than sea power. Combined with the greater military deterrent, many potential pirates' outlook in the region improved. Analysts believe that some of Malacca's pirates came from the Indonesian territory of Aceh on the far western tip of the island of Sumatra. That region had been torn apart by a three-decade battle between a local Islamic separatist group and the Indonesian military, isolating Aceh and annihilating economic opportunities. Desperate Acehnese took to piracy as the only way to earn a living, while arms-smuggling operations spawned by the conflict added an organized, criminal...
...people who have spent a long time in the cities are going to have a heightened sense of participation," says Yawei Liu of the Atlanta-based Carter Center's China Elections Project, which has spent years monitoring the evolution of the village elections. It also will give returnees a greater chance to participate themselves. "If you go back you are more likely to want to be a player," says Liu. These elections provide a means of being...