Word: hugeness
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...more than two-thirds of the deals, German cities insured their assets with AIG or Lehman Brothers. So after those two pillars of U.S. finance crumbled, German cities suddenly faced the risk of having to make huge payments - taken together, as much as €30 billion ($40 billion), according to some estimates - to their American investors. (Read "Why Berlin Says U.S. 'Bad Bank' Plan...
...away with running a federal deficit that could hit $2 trillion this year only because of the dollar's status as global reserve currency. But borrowing trillions isn't really a ticket to long-run prosperity. In fact, the current economic crisis may have been spawned by huge imbalances in global trade and capital flows that are in part the product of the dollar's special status. Global demand for dollars supplanted demand for U.S. products and services, argues Columbia University economist and longtime SDR fan Joseph Stiglitz, resulting in trade deficits, the decline of U.S. manufacturing - and years...
...It’s a huge contrast with life in Cambridge,” Crocker says. “To be able to come out to a barn three to four times a week helps keep you grounded...
...indoor collegiate game, a team of three plays a group of six horses for the first two chukkers, or periods of play, and the other team plays those same six horses in the last two. Because of the idiosyncratic dynamics between horse and rider, the advantage is huge for the home team playing on its own string—the mark of the exceptional polo player is the ability to adapt to any horse...
...cards are really stacked against us. Cornell and UConn, they’ve got the facilities, the program,” Crocker says. In Harvard’s club, “there’s only one [player] that had any previous polo experience, which is a huge handicap against all the other teams we’re playing because they attract and recruit young players that come to play polo and have played before...