Word: pull
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...Managers are getting squeezed on all sides. As investors pull out, hedge funds are being forced to raise cash to meet redemptions by liquidating their holdings. In addition, highly leveraged funds are being forced by their bankers to come up with more collateral as the value of their holdings falls, forcing managers to sell more shares to raise more cash. It's a vicious circle: funds are rushing to sell the same illiquid securities, driving stock prices down and triggering new waves of selling. This mass deleveraging by the industry has been cited as one of the causes of recent...
...business suits each morning only to hide out in the mountainside parks around Seoul. Middle-aged women turned over their gold jewelry to the government in a futile attempt to restock its empty coffers. Today, President Lee Myung Bak has called on that same spirit of self-sacrifice to pull the country through the current crisis. At a meeting of his Cabinet in October, Lee said that the public should "join forces with one mind to tide over the trying times...
...Bloomsbury USA; $250), includes recipes like nitro-scrambled egg-and-bacon ice cream that are probably out of reach for amateurs. But, says author Heston Blumenthal, whose Fat Duck restaurant in Bray, England, got three stars from Michelin, "we still have lots of little bits and techniques people can pull out and use at home," like poaching potatoes before frying for crisper chips. Blumenthal, by the way, is not fond of the term molecular gastronomy, which he thinks sounds élitist. "Everything in cooking is chemical," he says. "Water is a chemical. Salt is a chemical...
...smarter consideration of this topic see the late David Foster Wallace's "How Tracy Austin Broke My Heart," an extended review of Austin's Beyond Center Court: My Story collected in Wallace's Consider the Lobster.) And they have a funny mirrors-within-mirrors, mise-en-abyme effect: they pull back the smooth glossy surface of familiar images and show us the rough, grainy verso. Despite being outside the boundaries of anything remotely resembling literary quality, Moore's book delivers on both counts...
...deflating fast, hurting Ireland's outsized construction sector. Factor in soaring unemployment, weaker consumer spending and the gummed-up credit markets, and Ireland is facing "the most challenging fiscal and economic position in a generation," Finance Minister Brian Lenihan told parliament on Oct. 14. "We must all pull together if we are to return to more prosperous times...