Word: solding
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...book, you say that you're looking forward to getting back to your future. What does that entail? What are you looking forward to doing? We sold our house of 20 years. I'm trying to recuperate some of the monies we have lost, and I'm trying to get a career going, to continue to make money because I have to work. I'm really trying to put this behind me as much as I can. It's been a very heavy load to carry...
...This lush corner of Yunnan province in China's south is home to one of the world's hottest teas. Puer tea may not look like much - it is typically sold in heaps resembling cow patties - but one mug of these aged leaves can fetch up to $1,000. The drink is touted for its health benefits and is loved for its light, earthy taste. It is already a hit in Hong Kong, where rare teas are a status symbol among the city's élite, and it is generating hype outside China, too. Three high-profile Silicon Valley techies...
...Madoff Investment Securities had pioneered the practice of paying customers to trade through it, thereby siphoning business away from the New York Stock Exchange (NYSE). The firm was able to use its sophisticated computer systems and trading algorithms to earn enough off the spreads between what it bought and sold stocks for to more than offset the amount it paid customers. (See the top 10 crooked CEOs...
...shouldn't engage in all this. But there is one nagging concern: that equity markets now move so insanely fast that they could go off the rails spectacularly. "I can't tell you what all this volume of trading will mean," says electronic-trading pioneer E.E. (Buzzy) Geduld, who sold his firm, Herzog Heine Geduld, to Merrill Lynch in 2000. "I can tell you there may be some unintended consequences and this all may blow up." Competition and innovation tend to make markets explode from time to time. And while we wouldn't really be able to blame this...
...Then there was the sweat-stained T-shirt sold by Joe Strummer, lead singer of the Clash in 2008. "It was a Clash T-shirt with sweaty armpits - they were so stained that if you looked at it, you would think it's disgusting," said Woolley. But the stains also meant Strummer likely wore it onstage, and it came with a handwritten note that read "This shirt was mine and worn by me - this is a f**n great shirt! Signed Joe Strummer." The final sale price...