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Word: hacienda (lookup in dictionary) (lookup stats)
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Think of a guy who is anxious that his hacienda in Miami might be caught in a bubble but doesn't want to cash out and move. If he buys a put option on the Miami housing-price index and the value of homes in Miami (including his) slides, the money he makes on the derivative offsets his loss. A put option is the right, but not the obligation, to sell a security at a set price. A futures contract is an agreement to buy or sell something at a future date. Both are derivatives because they derive their value...

Author: /time Magazine | Title: Global Investing: A New Hedge For Your House | 9/17/2006 | See Source »

...breaks into leader mode, calling friends over, drinking a beer with them, clapping a hand on their shoulders, moving on to the next guy. He sits back down and charts out the bar crawl he will lead to Highland Falls that Saturday. They'll start, it's decided, at Hacienda: "Great margaritas, supercheap." If this is the night for the cadets to savor the choices they have made, then he'll also offer his ode to the infantry. "Everything is based off the infantry. Take engineering--that's just smart infantry. But I love it. I love...

Author: /time Magazine | Title: The Class of 9/11 | 5/22/2005 | See Source »

...didn't fancy being an Ian Curtis impersonator, really." That was never a danger. The 1983 song Blue Monday proved a smash hit with clubgoers - becoming the biggest-selling 12-in. single ever - and New Order further anchored themselves in the club scene as shareholders of Manchester's famous Hacienda club. Radio-friendly dance hits sent the band's appeal global...

Author: /time Magazine | Title: A Higher Order | 3/27/2005 | See Source »

...takes her sharp eye to Mexico, though all her main characters, as always, come from somewhere else. Eric, a mousy innocent abroad, has followed his grad-school girlfriend across the border and there runs into a fellow refugee, Dona Vera, who presides over a salon of sorts called the Hacienda de la Soledad, concealing her European past behind flamboyant displays of Indian folklore. In the third panel of the narrative's triptych, we travel back to 1910, when the British came to the area to exploit its mines and miners. That one of them, caught up in the revolution...

Author: /time Magazine | Title: Old Master, New Place | 11/8/2004 | See Source »

...similar nod to the eco-ethic, Hacienda Pinilla haciendapinilla.com) a 4,500-acre resort and residential community on the Nicoya Peninsula, will maintain extensive tracts of its terrain undeveloped. Hidden in the heart of cattle country--Costa Rica's Wild West--this tropical dry forest is inhabited by dense populations of howler monkeys, iguanas and birds. Guests who take advantage of the resort's seaside golf course can expect to encounter plenty of the local wildlife, including a boa that has taken up residence in a heavily wooded patch of trees by the 14th hole. This has come...

Author: /time Magazine | Title: Eco-Luxury | 9/20/2004 | See Source »

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