Word: liquiding
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Dates: during 2000-2009
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...comes the murkier part: Many assets - particularly those that unregulated hedge funds can trade - are not as liquid as stocks, so they do not always have a definite price on the market. Since a fund reports unrealized gains, it could easily get away with inflating profits. More specifically, the fund could use the most optimistic models to price its illiquid assets, which include mortgage-backed securities and other swaps. After all, economists disagree about how to value these assets, so the fund is not necessarily being dishonest in its assessment...
...turned back toward the manor. One turret had already crumbled, groaning, to the ground. Flames leapt from every window and door—hellish orifices in neat rows. The entire roof of the great hall was a liquid pool of red and yellow. On and on it burned. Within her, another fire lapped ravenously, unforgivingly against the inner walls of her being, threatening to consume her. A rafter fell with an explosion, and Roxanna lifted her hands to shield her face. But then she stilled, staring down with horror at her once ethereally white hands. They were black with soot...
...experience of dining at El Bulli, and then, as his friend, Harvard microbiology professor Roberto Kolter translated, the Catalan chef launched into an entertaining and impressive discussion of the science of his cuisine. He focused on his discovery of new textures - particularly the magical uses of hydrocolloids and liquid nitrogen to give foods shapes they'd never assume without the intervention of innovative physics. The crowd exhaled collective "aaaahs" as if they could almost taste the bejeweled concoctions being assembled on video before them - perfect little caviar-like spheres made of melon essence, translucent ravioli, a caipirinha sorbet. These innovations...
...signed. One young man wanted Adria's autograph on the handle of a kitchen knife (the blade was safely wrapped in plastic); a woman left a sample of her porcini sauce for Adria's kitchen to experiment with. (Adria's wife Isabel worried about flying the tiny vial of liquid back to Spain). A couple of people on line for autographs whispered giddily to him, "We have reservations at elBulli next year." (See pictures of what makes you eat more food...
...most common pieces of advice for air travelers is, hydrate. But, of course, carrying bottles or cups of liquid through security is verboten, and paying four or five bucks for a bottle of water inside security is just another indignity that flyers would prefer to avoid. The solution? Buy a non-disposable water bottle and fill it courtesy of a friendly server at an airport restaurant, or at a water fountain or bathroom faucet. (Local, state and federal regulators monitor water quality and safety at U.S. airports; however, do not drink the tap water aboard the plane.) Toting your...