Word: shelling
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Dates: during 2000-2009
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What's your favorite kind of firework? I would say my favorite is the Grucci Gold Split Comet Shell. There are 60 comets in a 6-in. shell; when the shell breaks, they leave a golden trail. Halfway through the burn there's a small charge, which breaks up the comets into dozens of pieces. It creates a golden Milky Way effect...
...Boston University professor Ellen Ruppel Shell argues that the allure of low prices is leading us astray: in their bid to drive down costs, big-box stores have kept the salaries and benefits for their employees to a bare minimum; fashion retailers have prioritized price over style and quality, often using their outlet stores to hawk a completely different line of merchandise. Finally, what kind of bottomless plate of scampi do you really think 15 bucks can buy? In her new book, Cheap: The High Cost of Discount Culture, Shell argues that our never-ending pursuit of cheap has blighted...
...names in the industry will put in bids for 20-year contracts on six of Iraq's largest oil fields and two of its largest gas fields, with the Iraqi Oil Ministry scheduled to announce the winning bidders on June 29 and 30. In the running are Exxon Mobil, Shell and BP as well as smaller Chinese, Russian and other state companies. Winners will have a 75% stake in the project - with 25% to the partnering Iraqi oil company - and will be compensated for their costs plus a profit based on increasing a field's oil production...
Emboldened by this work, economists began to apply their number-crunching skills to the postwar market. Chicago graduate student Harry Markowitz devised a model for picking stocks that was, in Friedman's estimation, "identical" to his artillery-shell-fragmentation trade-off. And in the late 1950s, scholars at Chicago and the Massachusetts Institute of Technology became enamored of the idea that stock-market movements were, like many physical phenomena, random...
...Last June, the river swamped 10 square miles of Iowa's second largest city (metro-area pop. 255,000). There are signs of life in the downtown business district, with factories and shops reopened. But whole swaths of neighborhoods along the river remain eerily lifeless, with one abandoned, waterlogged shell of a house after another, some spray-painted with warnings and pleas: "We want a buyout," "This is still my house. Stay out," "Don't forget...