Word: holdings
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...Another common misconception is that speculators only buy and hold assets. More accurately, speculators try to benefit from fluctuations in prices. In other words, speculators cannot profit from sustained high prices, only from changing prices. So, yes, the recent volatility in the oil market can certainly be attributed to speculation, but speculation cannot support an extended price rally. Major players like banks, on the other hand, are more than just pure speculators, having the resources to drive prices...
...Despite baccarat's dominance, a 2006 ban on Internet gambling in the U.S. is prompting poker promoters to take their card game across the Pacific in hopes of setting down roots in Asia's Las Vegas. Since the Macau government approved Texas Hold'em cash games and tournaments in January 2008, three casinos have opened designated poker rooms. In its first year in Macau, Texas Hold'em brought in less than $7 million, but that number is set to rise: in the first quarter of 2009 alone, the game took in more than $4 million. "Poker has exploded in Macau...
...ultimately snubbed what would have been China's largest foreign direct investment ever: a planned $19.5 billion stake that Chinalco - Beijing's largest state-owned aluminum company - had offered Rio late last year, when prices for the commodities it mines had hit rock bottom as the global recession took hold. Since then, prices for iron ore and other commodities have rebounded, in no small part because of demand from China, which is in the midst of a huge, government-led investment spree to combat the recession. Rio spurned Chinalco, did a joint venture with international competitor BHP Billiton, and announced...
...question of whether the U.S. should squeeze the Micheletti regime by cutting off aid - always a dicey prospect when a country as poor as Honduras is involved. Washington funnels about $50 million a year to Honduras in social and military assistance, much of which the State Department put on hold in response to the coup; and in 2005 it signed a five-year, $215 million development grant for the country. Because of the coup, the World Bank has already suspended $270 million in pending credit for Honduras as well as $80 million it had slated for 2010. The U.S. could...
...have to get one. I went down and sat down with the RC South commander, and I didn't put specific changes to timelines or where forces were going, but we talked a lot about the coin intent and the purposes of the operation and the importance of the hold and build - we can clear anywhere we want, but holding and building are hard - so ensuring that the ANSF [Afghan National Security Forces] come in with the Marines, so that they do the partnership up front and in the hold and build. We talked a lot about that, to ensure...