Word: selling
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SemGroup was short oil. Massively. That is, it had bet that the price was going down by contracting to sell millions of barrels of oil it did not own at a future date, on the assumption that the price would fall and SemGroup could supply the barrels at a lower price and pocket the difference. Three days after oil peaked, as it still threatened new all-time highs, the New York Mercantile Exchange (NYMEX) called margin on SemGroup, forcing the firm to put up more cash collateral to back its losing positions. Unable to raise the capital, SemGroup sold...
Farmers like Liu sell to small-scale companies--often family-run businesses--that process the intestines into crude heparin, which in turn becomes the key ingredient for the heparin that Baxter and other major drug firms sell worldwide. SPL's CEO, David Strunce, told Congress last spring that the raw material comes from "government-regulated slaughterhouses." But that regulation, farmers in Jiangsu told TIME, is haphazard at best. And if the slaughterhouses are haphazardly regulated, the small heparin-processing businesses--hundreds of them across the country--are virtually unregulated. "We haven't ever had the government come and inspect...
Obama has made a particular point of invoking the individual will of African Americans, but anyone who has spent time in a black church or barbershop--or just watched the crowds when Obama puts forth the message--can tell you that it isn't exactly a tough sell. When Jesse Jackson claimed that Obama was "talking down to black people," there was no real rush among blacks to defend Jackson. That's because, in terms of their outlook, their belief in hard work and family, African Americans aren't any different from white Americans. (See pictures of Barack Obama...
...interview with Fader magazine, Barber even stated that he “wanted to create a simple, accessible and almost neutral venue to show stuff—my own and other’s.”While the struggle between art and the structures in place to sell it is far from nascent, it is important to note that tinyvices seems not so much above it as beyond it. Though Barber rightly identifies the advantages of being outside of the established systems, he is not self-important or righteous enough to find them below him.Over the past two years...
...Upper West Side and Cambridge lefties, they tag those Democrats as ideologically extreme and culturally élitist. Politicians from Chicago can be just as liberal as those from New York, New England and California, but they come from the much-fetishized heartland, which makes attacks on them a tougher sell to swing voters. And they have an advantage within the Democratic base as well: while party leaders have long assumed that only a Southerner could successfully take the White House, the party faithful have been skeptical of the centrist politics of many Southern candidates...