Word: short
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Dates: during 2000-2009
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Bernard Madoff's $50 billion Ponzi scheme continues to rock the financial world. But most hedge funds actually engage in similar - albeit legal - practices in the short run. In the past, these practices helped inflate their gains as well as hedge-fund managers' salaries and bonuses, but recently they helped bring about the failure of many major hedge funds...
Madoff never even came close to realizing the gains he reported and paid out to some investors. Yet even funds with fairly accurate estimates of unrealized gains are guilty of engaging in similar Ponzi practices in the short term. Here...
...Delaney-Smith said. “It wasn’t our best team basketball, but there was this feeling of the team coming together with a will to win.” Both teams started with hot shooting from the floor, with the Crimson gaining an early, but short-lived, advantage. Berry, Finelli, and Rollins all hit jumpers—with Berry adding a three-pointer for good measure—en route to a 10-6 lead after four minutes. The Gauchos kept pace, and while one of Matera’s threes gave Harvard a five-point...
...made 27 saves over the course of the night. Early in the second period, Harvard picked up its first power play of the game, giving the Crimson a good chance to even the score. But the Tigers snatched up a turnover at the offensive blue line and ripped a short-handed breakaway shot to boost their lead to 3-1. Harvard got another power-play opportunity halfway through the middle frame, but Princeton goaltender Zane Kalemba got in front of shots from sophomore Matt McCollem and freshman Alex Killorn. And when the Crimson got a short-handed breakaway...
Israel wants Hamas to take a simple message from the ground invasion of Gaza that began on Saturday: We're coming for you, and we'll stay as long as it takes. The campaign "won't be easy," said Israeli Defense Minister Ehud Barak. "It won't be short. I don't want to delude anyone." He underscored his message by ordering the mobilization of tens of thousands of reserve troops. The purpose of Operation Cast Lead remains a durable cease-fire that ends rocket fire from Gaza into southern Israel, but Israeli officials believe that to reach such...