Word: steering
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Dates: during 2000-2009
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...like the weather and the direction of interest rates. Derivatives were at the core of the 1994 bankruptcy of California's Orange County and the 1998 demise of hedge fund Long-Term Capital Management. Buffett once called derivatives "financial weapons of mass destruction," so you'd think he would steer clear. But his company, Berkshire Hathaway, has acknowledged a $307 million pretax loss in the first three months of this year that's due to a $21.4 billion position in "currency contracts," which are derivatives that hit pay dirt when the dollar falls. Problem is, the dollar is rallying...
...duty attendants instruct the passengers on how to strap on their life preservers and assume a head-down, forward-leaning position for a possible crash landing. Then, she said, the plane went into a Dutch roll, dipping one wing, then the other. Apparently, Captain Takahama was trying to steer the aircraft by alternately increasing power to the left and the right engines. The maneuver produced a yawing and rolling motion as though Flight 123 were cutting figure-eights...
...Parliament, Enoch Powell, as a "crypto-imperialist" and has been nominated for the Nobel Peace Prize. Certainly Geldof s lively penchant for the vernacular would make for a salty acceptance speech in Oslo, but any wishful, wistful speculation about the award's being grabbed by a rocker should not steer clear of the main point. Rock music, the most formidable force in Western popular culture, found a focus and a conscience this year and saved a great many lives. Rock sang, for a while, in unison, and Bob Geldof was choirmaster. --By Jay Cocks. Reported by Cathy Booth/New York
...Explorer You might call it window dressing for your browser: AOL Explorer (on aol.com, click BETA-AOL Product, or go to http://beta.aol.com/projects/aolexplorer) is an add-on to Internet Explorer-an overlay of sorts designed to steer you to specific AOL features, such as your AIM email account, tabbed browsing and desktop search features. It also adds a layer of spyware protection...
Maybe it makes perfect sense that Steve Wynn would turn into the Mister Rogers of Las Vegas, Nevada. Sitting in his new hotel in a red V-neck sweater and gray wool pants, Wynn, 63-famous for yelling at employees, taking up steer roping and accidentally shooting off his index finger in his office-is talking about building neighborhoods in his latest land of make-believe. Explaining that his hotel will be a mellow retreat, without the glitz and campy themes that have made him such a sensation in the past, Wynn breaks into a rendition of Bali...