Word: liquidation
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Amount of liquid cash holdings, typically used only for daily expenses, lost due to risky investments: $1.8 billion
...been living happily in New York City and getting her first eager taste of Picasso, Braque and American modernists like John Marin. Stranded in a place she called the "tail end of the world," she decided to go where none of those artists had ventured. Drawing on the liquid forms of Art Nouveau and her own churning inner life, she produced an astonishing series of purely abstract charcoal drawings, some of the most radical work being done anywhere at that moment...
...scene: a birthday party. Two mothers converse as one pours a cup full of red liquid. The other, skeptical because she knows the drink in question contains high-fructose corn syrup, remarks: “Wow, you don’t care what the kids eat, huh?” Mom One responds with a blasé chuckle, noting that “it’s made from corn, it’s natural, and, like sugar, it’s fine in moderation.” Clearly embarrassed and relieved, Mom Two smiles… and takes...
...England A Terrorism Case Closes In what has been heralded as one of the biggest antiterrorism successes since Sept. 11, three Britons were convicted of plotting to blow up seven transatlantic airliners using liquid explosives disguised as soft drinks. British nationals Abdulla Ahmed Ali, Assad Sarwar and Tanvir Hussain face life in prison. The scheme, which was foiled in 2006, led to sweeping changes in airport security, including limits on carry-on liquids. The men's first trial had ended in a hung jury...
...Second, we still buy a whole lot of your Treasury debt, though this is less of a weapon than is often portrayed in your press. (We have to recycle the dollars we earn from trade somewhere, and your Treasury market remains the largest and most liquid in the world. Plus, we, like the Japanese before us, have no real interest in seeing your interest rates rise and growth slow, particularly not now, and that's what would happen if we went on a T-bill buying strike.) But holding your debt does give us leverage, and we have some decisions...