Word: loss
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...window fallacy. Just as a broken window creates work for the glazier at the expense of the window owner, money that Kinsley hopes to inject into the economy must first be taken out of it. Add in collection costs and the usual political malfeasance, and we have a net loss to the economy. There's more: Kinsley argues that last summer's high oil prices were essentially a tax on consumers; the money just went to oil companies instead of the government. But he forgets that oil companies do not have control over their prices. If they did, then...
...they avoided a whitewash. By winning the final cricket test against South Africa in Sydney, Australia's team salvaged some honor. Still, in what is being mourned Down Under as the passing of an era of global dominance, South Africa beat the Aussies 2-1, Australia's first series loss on home ground in 16 years. During that time, the Australian team redefined the five-day version of the game - the only one purists believe merits the devotion they bestow on it - incorporating the sort of devil-may-care style of play hitherto confined to the one-day game...
Clawing back gains absent fraud--and where there are no preset clawback agreements--is another matter. The concept is foreign to most of Wall Street. Hedge funds generally have only what you might call "claw forwards": high-water-mark provisions that prevent managers from pocketing performance fees after a loss until they've made up that loss to their investors. Investment banks, meanwhile, have for decades paid out bonuses on the basis of one year's profits and worried about the consequences later...
...Green ended any hopes of a Crimson postseason run last year, handing the team a season-ending 68-62 loss in a playoff to determine the league’s automatic NCAA bid. A win by Harvard this time around would build momentum for a team striving for its third straight Ivy title...
...quite an improvement from the last time his team battled a ranked opponent. In last year’s opener against No. 23 Stanford, he had no points, turnovers, or assists, but did pick up five fouls in a 111-56 loss...