Word: tradings
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...comes the murkier part: Many assets - particularly those that unregulated hedge funds can trade - are not as liquid as stocks, so they do not always have a definite price on the market. Since a fund reports unrealized gains, it could easily get away with inflating profits. More specifically, the fund could use the most optimistic models to price its illiquid assets, which include mortgage-backed securities and other swaps. After all, economists disagree about how to value these assets, so the fund is not necessarily being dishonest in its assessment...
...Security spending has increased to face the perils of a post-9/11 world, the growth in non-security discretionary spending has been lowered to 1 percent, lower than inflation, and well below the 15 percent growth in President Clinton’s last budget. America’s trade has increased by 60 percent under President Bush, following a more than quadrupling of the number of free trade agreements in place since Bush took office. The president has done an admirable job under trying worldwide economic circumstances, and as a result America’s 2008 Gross Domestic Product...
...While this means we have to put off these improvements, including the investment in energy efficiency, we will be saving operating expense in the short-term, and we think the trade-off is a good one,” Ouellette said...
...Mumbai attacks have “prompted bellicose outbursts from the Indian news media” against their Muslim neighbor.Media hawkishness is nothing new, of course. There are more than passing parallels between Indian news coverage of the Mumbai attacks and American coverage from the rubble of the World Trade Center. In India, the attack is already referred to as 26/11, mirroring America’s 9/11. And the rhetoric as a whole is eerily similar to that used by the American media preceding the invasion of Iraq.The link doesn’t completely hold, though, and that?...
...looking to enjoy a smooth Cohiba or Romeo y Julieta - without skirting the law - can look for hope. President-elect Barack Obama has indicated a willingness to discuss with Raul Castro the repeal of bans on Cuban-American travel and remittances-gestures that could ultimately lead to scrapping the trade embargo. For aficionados, that would be a welcome tonic for the grim times ahead. As Evelyn Waugh said, "The most futile and disastrous day seems well spent when it is reviewed through the blue, fragrant smoke of a Havana cigar...