Word: move
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...futures contracts that would pay off if the price of oil topped $100 at some point in the next five years. Because Hall made a bet oil would reach a price that few could imagine was possible, he was able to buy the contracts cheaply. It was a risky move. If the price of oil never reached $100, the contracts would expire worthless. Instead, when oil topped $100 in 2008, Hall's Phibro division made a bundle, far more than he would have made had he just bought oil, or one of the many oil exchange-traded funds (ETFs) that...
When the price of oil recovered Hall made as much as $40 million on that one trade alone. Hall has also reportedly been buying gold this year. Another good move. Inflation fears recently pushed gold above $1,000 an ounce. "Most commodity traders would love to have Hall's ability to call the large trends," says Stein. "He had a long-term view of the market and he was right...
...says Percy. "The way I built [the Balloon Boy site] is exactly how I would have done it in 1996. There's a lot of nostalgia involved." Tech blogger Jason Kottke coined the "single-serving" moniker and listed some favorites in a 2008 blog post - a move that prompted a rush of new entries, Greenberg says. Around the same time, writer Mathew Honan created BarackObamaIsYourNewBicycle.com, a fanciful site listing all the considerate things the then candidate had supposedly done for you ("Barack Obama shoveled the snow from your walkway," etc.). The meme inspired numerous imitators and, like many popular Internet...
Anticipation for the Waziristan offensive began this summer, after the conclusion of active fighting in Swat, another militant stronghold in Pakistan. Provincial officials announced that the government had decided to move next against the then chief of TTP, Baitullah Mehsud, in his South Waziristan stronghold. But military operations in Swat continued and fighting spread to other districts, which tied up army operations for several more months. (See pictures of art from Pakistan and Afghanistan...
With that in mind, the State Department's reasoning is perhaps understandable: If Micheletti and Zelaya are the best leadership Honduras can offer right now, it's tempting to want to bless an election and move beyond the two of them as quickly as possible. But if Micheletti doesn't yield the presidency back to Zelaya by Nov. 29, whoever wins that day is likely to be a global pariah - a fact that perhaps the U.S. needs to come to terms with...