Word: oiled
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Dates: during 1990-1999
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...market, but they also provide exciting betting opportunities for billion-dollar gamblers who are too big for Vegas. The potential payoffs are so huge that if the word gets out to the crowd at the track and the casinos, they'll give up horses and blackjack for oil straddles and currency swaps...
During their playing days together at the University of Arkansas in the mid- 1960s, Johnson and Jones were not overburdened with talent. Instead, they played clever, which got them as far as the Razorbacks' starting lineup. Then Jones got into oil. In a substantial way. Twenty-five years later he was able to part with $140 million, give or take, in exchange for ownership of the Cowboys. Johnson, on the other hand, slid into coaching, where the remuneration was more modest but the skills perfectly suited to his driven personality. After five years at Oklahoma State, he moved...
...embargo is nearly six months old, and the military is still in power -- awash in gasoline and profits, thanks to the porous border with the Dominican Republic. The reality of oil-embargoed Haiti is nowhere more evident than in the capital of Port-au-Prince, which suffers from traffic jams. Though the brightly colored "tap tap" jitneys used by the poor are disappearing as gas prices soar, the military and the monied still manage to race around town in their Range Rovers and Toyotas tanked up on $150 of smuggled fuel. "The embargo exists in name only. They sell gasoline...
...Haiti's poor, already the poorest in the western hemisphere, who bear the brunt of the embargo. Food prices have doubled, putting staples like rice, beans and oil beyond the reach of many. Relief officials at CARE describe the current situation as the worst since the 1950s, with moderate and severe malnutrition plaguing some 20% of preschool children. Doctors report a rise in tuberculosis cases and an epidemic of anthrax. "The embargo must be lifted," says Christiana Dormestoin, who scrounges food for her four children. "We're poor people. We only want to feed our children. We don't care...
...stock and bond investments. Major banks, brokerage firms and insurance companies write them for customers, inventing such exotic names as forwards, caps, collars, swaps, options and swaptions. Derivatives can be as straightforward as options to buy or sell securities or as fancy as unregulated and customized agreements to purchase oil futures in Nigeria while selling dollars in Indonesia and graphite in Madagascar...