Word: keeping
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...make money? If you sell oil at, say, $66 per barrel, and buy it back at, say, $65 per barrel, you keep the $1 per barrel difference. On one contract, or 1,000 barrels, that comes to $1,000. Not bad for a hard day's work. But take the other side of that trade - buy for $66 and sell for $65 - and you've lost a grand per contract. Remember that on both trades, you're going to pay high transaction fees and commissions, and you'll likely be forced to take a worse price in order to guarantee...
...going to fare very well. It's the old gambler's-ruin problem: you can only lose so much and you're not likely to keep making money indefinitely, so you're going to get wiped out eventually. But some players are big enough to triumph. They have low trading fees and get the best prices on their trades. They're the ones definitively moving prices. It's not the small speculators that we should be worried about. It's the larger speculators, like the investment banks. Because they don't even have to worry about getting wiped out - they...
Much like a simplified Scrabble, Bananagrams has players arrange tiles in intersecting words, but with no board or point values to keep track of. Everyone plays simultaneously, and the first one to use all her tiles wins...
...them. And because there aren't a lot of adopt-a-python agencies, the reptiles are often dumped in the wild. As a result, Florida in 2008 instituted new ownership requirements, such as $100 annual permits, proof of snake-handling skills and implantation of microchips in pythons' hides to keep tabs on the snakes...
...loss. For years, psychologist Kelly Brownell ran a lab at Yale that treated obese patients with the standard, drilled-into-your-head combination of more exercise and less food. "What we found was that the treatment of obesity was very frustrating," he says. Only about 5% of participants could keep the weight off, and although those 5% were more likely to exercise than those who got fat again, Brownell says if he were running the program today, "I would probably reorient toward food and away from exercise." In 2005, Brownell co-founded Yale's Rudd Center for Food Policy...