Word: pumped
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...seeking to exploit the same opportunities, and returns that once routinely hit double-digits naturally fall. It's happening now. Some $80 billion flowed into hedge funds this year through August, and the average hedge fund rose about a woeful 1%. The hedgies are under pressure to pump up returns to justify their steep fees--which run to 2% of assets plus 20% of profits. The SEC's primary concern is fraud, in which a hedge fund hides losses or misstates the value of its holdings. Worse, says Donaldson, is the kind of cheating that came to light in last...
...relief as the price fell back to about $43 last week, oil is still more expensive than it has been in the past 20 years?and the realization is sinking in that Asia may have to learn to live with higher energy costs indefinitely. With OPEC producers struggling to pump enough to meet booming global demand?and with supplies jeopardized on an almost daily basis by political events in Russia and Venezuela and by terrorist attacks in Iraq?energy experts predict that oil is unlikely to fall to less than $30 per barrel and will probably remain substantially higher. Prices...
...they used to," says Ken Courtis, vice chairman of Goldman Sachs Asia, in large part because "there has been a tremendous attempt in Japan to produce more with less." The specter of American consumers cutting back on spending because of steep increases at the gas pump may, in fact, pose a bigger danger to Japan than oil shortages. "As long as it's a short-term [price] rise, the economy can deal with it," said Heizo Takenaka, Japan's Financial Services Minister, at a recent press conference...
...return to the 1970s oil shocks, but it was enough to cause stock markets to tumble and prompt economic leaders to warn of the threat to global economic growth. Right on cue, here comes Saudi Arabia to save the day. Last week the kingdom said it was prepared to pump an extra 1.3 million bbl. a day to bridge the supply gap. Normally, even the hint of a production increase from the world's largest oil producer would quell prices. But this time the markets simply shrugged and kept driving up the price. What went wrong...
Underwater scrubbing is a pain. These days, robotic gizmos calculate a pool's dimensions, then scour its bottom, sides and steps for dirt and debris. And adding chlorine manually is a thing of the past. Pool gadgets gradually convert salt to chlorine and pump it into the water, saving you the trouble of pouring in powder yourself...