Word: peg
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...Even before the global crunch, banks in the United Arab Emirates (UAE) were being hit this year by an outrunning stampede of billions of UAE dirhams - so-called hot money that one report valued at $55 billion - led by speculators giving up on hopes that the country would de-peg its currency from the U.S. dollar...
...made a quick $1.25 million betting on stock market reaction to the government's proposed $700 billion Wall Street bailout. He's using the money to fund a series of full-page cartoons in the New York Times - the fourth runs Oct. 3 - that rail against the bailout and peg President Bush, Henry Paulson and Ben Bernanke as communists. Perkins, 39, talked to TIME about why he's mad and why he's still going to vote for bailout supporter Barack Obama...
...with outboard motors instead of oars and tote rocket-propelled grenades instead of cutlasses. With upgraded equipment and loftier stakes - the group demanded $20 million in ransom for the Faina's return, a figure that reportedly plunged to $5 million on Oct. 1 - these 21st century buccaneers, like their peg-legged predecessors, are economic opportunists exploiting the largely unpatrolled waterways through which 90% of global trade flows...
...with Harvard knocked down a peg, that left the door wide open for the Bulldogs to take control of the league lead. But just moments after the final whistle blew in Providence, Yale fell, 17-14, to the Big Red in Ithaca...
...Even Senator John Kerry turned in a strong performance, taking his good friend John McCain down a peg on foreign policy and delivering his brief address with an edge and wit he persistently lacked during his own campaign for President. Kerry drew a distinction between what he suggested were the principled stands of Senator McCain and the expedient ones of "Candidate McCain." Ticking off policies on which McCain had reversed himself, Kerry said, "Talk about being for it before you're against it," playfully reprising one of his own more disastrous statements on the Iraq...