Word: pound
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...greenback already this year, most people would probably plump for the euro. They'd be wrong. Europe's single currency - walloped by the big economic problems in Greece - is hardly having a stellar year. But for a currency well and truly in the pickle, look no further than the pound...
...Prudential, a British insurer, to buy the Asian operations of AIG for an eye-popping $35 billion. Much of that would be paid in cash, Prudential said, which would mean swapping huge piles of sterling for dollars. Toss in the relentless pressure from speculators betting on a falling pound, as well as Britain's generally horrible fiscal position, and "sterling has sailed into a perfect storm of negativity," Nick Beecroft, a senior foreign exchange consultant at Saxo Bank, wrote in a research note earlier this week...
...good news for Britain's pound: nasty fronts like this are usually rare, and soon pass. For one, the slide likely had more to do with Prudential's announcement than with intensified concerns about hung parliaments, as was reported widely in the British press, says Daragh Maher, deputy head of global foreign exchange strategy at Credit Agricole in London. In some ways, that's encouraging. If a single opinion poll was able to trigger the kind of slump seen Monday - in a volatile day of trading, sterling eventually closed 1.7% down on the dollar - an actual hung parliament might...
...ever try to make your own moonshine? I did, and it's harder than it seems. I started with George Washington's recipe for rye whiskey. I reduced it to make it with a pound of rye and a pound of corn. It was hard to do, and I made a mess. I ended up with an ounce, maybe an ounce and a half of booze that turned my face numb and tasted like cocoa powder. There were frustrating moments, but they were mostly hilarious. I'm pretty bad at this...
...point, the Crimson’s biggest player on the court was the 6’6”, 180-pound Giger...