Word: spreads
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...large spread can effectively wipe out any cost advantages over mutual funds. "You might save 20 basis points [i.e., 0.2 percentage points] on the cost of the ETF, but what if you're paying 200 basis points [2 percentage points] more because of the trading spread?" asks Borek. The spread risk is exacerbated in emerging markets and specialized niches in the global markets, where data are scarce and trading is limited...
...Brown may have benefited from being underestimated. As a 22-year-old law student, Brown posed nude for a Cosmopolitan magazine "America's Sexiest Man" photo spread that was resurrected and became an Internet sensation during the campaign. But he is also a 30-year veteran of the Massachusetts Army National Guard, and his service figured prominently in his campaign. He won his first election as a local tax assessor in 1992 and was elected to the state senate in 2004. His politics tend to be standard conservative on issues like taxes and guns, but he supports Roe v. Wade...
...scandal has since spread across the legislature, involving not just Democrats but also Republican efforts to use expensive computer programs, bought with state funds ostensibly to help legislators improve their constituent service, to instead help loyal candidates perform detailed data-mining operations for their campaigns...
...word has spread fast—landing on the front page of major newspapers, traveling into the confines of Harvard Yard, and even prompting University President Drew G. Faust to send a statement on Thursday asking the community to contribute to relief efforts on behalf of a shaken nation. And the Harvard community has done just that...
Hewitt said that Harvard Public Affairs and Communications plans to spread the word to University affiliates in the hope that foursquare will become widely used on campus, adding that information about foursquare will be given to visitors at the Events and Information Center, located in Holyoke Center...