Word: traded
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Dates: during 2000-2009
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...Friedman was a scientist too. During World War II, he used his mathematical and statistical skills to help determine the optimal degree of fragmentation of artillery shells. Officers flew back to the U.S. in the middle of the Battle of the Bulge to get his advice on the trade-off between the likelihood of hitting the target (the more fragments, the better) and the likelihood of doing serious damage (the fewer and bigger the fragments, the better...
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...
...deadly attacks on Americans overseas can be safely judged and even incarcerated in the U.S. Many Democrats reflexively oppose jailing alleged terrorists on American soil, though Washington has done so before. Sheik Omar Abdel Rahman is serving a life sentence in North Carolina in connection with the 1993 World Trade Center bombing. The stakes are high enough in this case that one hopes the evidence against Ghailani is solid. The U.S. charges that the Tanzanian acquired the makings of a bomb, surveyed the U.S. embassy in Dar es Salaam and accompanied an Egyptian suicide bomber before the attack. The blast...
...Netanyahu, backing down won't be easy. If he concedes too much, his right-leaning government could fall. But that's not Obama's problem. In fact, the White House would probably be thrilled if Netanyahu were forced to trade his right-wing partners for a coalition with Tzipi Livni's centrist Kadima Party, which is serious about a peace process with the Palestinians. It would be even happier if Livni replaced Netanyahu altogether...
5.On penalties for countries not taking strong enough action: "The U.S. government may withhold non-humanitarian, non-trade related foreign assistance. Countries that receive no such assistance ... [may] not receive funding for government employees' participation in educational and cultural-exchange programs...