Word: hunted
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Dates: during 1980-1989
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...talented two-miler and the co-captain of this year's women's team, Taylor joined the Harvard program as a freshman; and 1976 was a rookie year both for her and the current women's track coach, Pappy Hunt...
Since then, though, Taylor has become someone who Hunt calls instrumental in helping to build a solid women's running program here. "Kat's been one of the biggest boosters of our program since she was a freshman, talking to people and hosting recruits," Hunt said this week...
...climax came on Thursday, when the Bache Group, which owns one of the nation's largest brokerage houses and is in turn 5.6% owned by the Hunt family, announced that it had issued a $100 million margin call on the Hunts and that they could not, or would not, put up this additional cash to protect their position. Wild rumors flew that Bache was about to go under. Stock and commodity prices went into a nosedive. Bache asked the Government's Commodity Futures Trading Commission to close to close the silver market. The commission refused. "Despite the seriousness...
...fact, Bache appears to have enough capital to meet any demands on it, and by week's end markets had rebounded sharply. The Securities and Exchange Commission began an investigation, presumably to determine whether Hunt had manipulated the market. Bunker, closemouthed as ever, was said to be in Saudi Arabia, conferring with his colleagues, and Wall Streeters were trying to figure out his position...
...mathematics are awesome: if Hunt's group really does own 200 million oz. of silver, its value would have fallen from $10 billion at the $50 January price to around $3 billion early Thursday, and then dropped another $1 billion that day alone. But even at the late Thursday price of a bit more than $10, it would still have been worth more than $2 billion, assuming they could sell the metal without pushing the market even lower. Says one blas Dallas commodities broker: "From my standpoint, this is no surprise. The Hunts have made or lost $1 billion...