Word: pooled
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...from the Madoff scandal is that some people were not making money at all during the great capital bonanza of the last half decade. Prosperity was in tremendous supply because people wanted it to be. Madoff was "making" billions of dollars while actually losing billions. His fund was a pool of toxic assets...
...stroll down gravel paths that lead toward a 140-ft. (42 m) bamboo bridge. It spans the Ayung River to link two sides of a 20-acre (eight hectare) campus set among rice terraces. As you traverse the whooshing rapids, you can take in a spring-fed infinity pool, a favorite after-school haunt of students like Chiara and Carina Hardy, the daughters of jeweler John Hardy, who, together with his wife Cynthia, founded Green School with profits from the 2007 sale of his eponymous Bali-based jewelry firm...
...traditional tariff is not the only tool governments are using these days to influence trade. More important perhaps is the financial support that states are offering to industrial firms to aid them in the global competition for a shrinking pool of consumer demand. Most obvious of these steps was Washington's $17 billion bailout of the U.S. auto industry. Now American steelmakers are lobbying the incoming Obama Administration to include "Buy America" provisions in the proposed government stimulus package, to favor their own steel over foreign imports. A state development fund in Taiwan is raising $6 billion to aid companies...
...close the city's surfing museum, the world's first and a mecca for locals and tourists alike since it opened in 1986. And it's not just the surfing musuem. The decision includes shutting down the natural-history museum, a teen center, a community center and a public pool...
That's because Santa Cruz's financial woes aren't going away soon, even if the national economy swings back. After shedding the museums, centers and pool, the city still needs to cut another $3 million by Feb. 1, according to Dannettee Shoemaker, the city's director of parks and recreation. "It's worse now than I ever remember it," says Shoemaker, who's been with the city since 1968, "and I don't think anyone would argue with me on that...