Word: hugeness
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...Despite the U.S. housing debacle - and the huge losses derivatives linked to bad mortgages have caused across the globe - introducing them to China was high on western banks' wish list. They argue that relatively straightforward derivatives deepen the liquidity of both debt and equity markets, and provide investors with useful hedging vehicles. "The Chinese understand all that," says Nicholas Lardy, an economist at the Peterson Institute for International Economics in Washington. "But the Chinese really want to study how this happened [in the U.S.], what derivative's role was, and how they can avoid it in the future. That...
...minor as it is, the iPhone app is a huge deal for Sonos users. The biggest drawback to the Sonos system is it's bloody expensive. A bundle that'll connect two rooms costs $999; the remote control itself, which has an iPod-like screen, costs $399. The new iPhone app, which is supposed to go up on Apple's app store Tuesday, basically obviates the need for the remote. It does everything the remote does...
...momentum all its own, and if we wait for decades to finally act to reduce carbon emissions, it could well be too late. Yet this simply isn't understood. Someone as smart as Bill Gates doesn't seem to get it. "Fortunately climate change, although it's a huge challenge, it's a challenge that happens over a long period of time," he said at a forum in Beijing last year. "You know, we have time to work on it." But the truth...
...next play, Pizzotti went deep to the middle of the field, and junior wideout Matt Luft came down from between a slew of Princeton defenders with a 35-yard catch and a 1st-and-goal at the Tigers’ six, turning a possible interception into a huge gain.“It just came off my hand a little funny, and Matt just went up and made a great play,” Pizzotti said.Two plays later, sophomore running back Gino Gordon burst through the line for a 6-yard touchdown run, and the Crimson secured...
...likely see such huge numbers leading the networks' evening newscasts because deficit talk is akin to Washington wonk speak. But Dave Walker, former Comptroller General of the U.S. and now President of the Peter G. Peterson Foundation, is out to change that and bring the big picture of deficit woe to America's attention...