Word: traded
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Dates: during 2000-2009
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...Saying something is worth zero is too easy. Most analysts have to give a range of prices and reasons for their upper and lower targets for share value forecasts. Saying something is worth zero is cheating. It takes away any meaningful analysis of the worst case. Stock prices never trade in negative numbers. (See pictures of TIME's Wall Street covers...
...debt and equity that no one can unravel what the convertible preferred and senior notes are worth, let alone the common stock. That point of view leaves out the most obvious aspect of valuing Citi's stock which is that it is followed by thousands of experts. Cit trades over 400 million shares a day. With that much volume and that many experts, the market for evaluating the bank's stock is probably as efficient as it is for any publicly traded stock in the world. Citi's value changes by the second and on some days its market...
...convenient and long-standing tradition in Mexico to blame its problems on the U.S.--and one that's now finding agreement from surprising quarters. "Our insatiable demand for illegal drugs fuels the drug trade," declared U.S. Secretary of State Hillary Clinton en route to Mexico on March 25. "Our inability to prevent weapons from being illegally smuggled across the border ... causes the deaths of police officers, soldiers and civilians." Mexico has seen more than 7,000 drug-related killings since early 2008, and the violence now threatening to spill north hasn't escaped attention. Late last year, somewhat hyperbolically...
...visit to Tashkent, the dreary capital of Uzbekistan, several years back. While heading into town from the airport, my babbling taxi driver kept one hand (barely) on the steering wheel while his other shoved a stack of local currency, the som, into my face. He insistently urged me to trade the money for dollars. After checking in at the grim Hotel Uzbekistan, a nattily clad porter showed me and my wife to a room, fiddled with a broken TV set, and then reached into his jacket pockets for large bricks of som. He, too, persistently begged me for greenbacks...
...world's nastiest economic problems. Early in 2008, a weakening dollar was a factor in spiking prices of energy, commodities and food, which placed a disproportionate burden on the limited incomes of the poor. The dollar-dominated system has also allowed the U.S. to finance its budget and trade deficits at a low cost, which perpetuated the global imbalances that contributed to the current economic crisis. A system like the one proposed by Beijing, argues Deutsche Bank economist Jun Ma, would make it possible "for China and many other countries to avoid being victims of the systemic risks generated...