Word: tradings
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...could trade...
Hall's success in calling the oil market is what has led him to demand higher pay than most. In 2003, Hall had the belief that the price of oil would rise dramatically in the next few years. Back then, oil was trading at around $30 a barrel, and coming out of a recession few thought prices would rise anytime soon. So Hall bought so-called long-dated oil-futures contracts that would pay off if the price of oil topped $100 at some point in the next five years. Because Hall made a bet oil would reach a price...
When the price of oil recovered Hall made as much as $40 million on that one trade alone. Hall has also reportedly been buying gold this year. Another good move. Inflation fears recently pushed gold above $1,000 an ounce. "Most commodity traders would love to have Hall's ability to call the large trends," says Stein. "He had a long-term view of the market and he was right...
...backward, but Than Shwe, 76, sees himself as a bold reformer who took a bankrupt nation and threw it open to foreign investment, who built not just roads and bridges but a grand new capital called Naypyidaw - "Abode of Kings." The reality is a little different. Foreign trade has enriched the junta; the Yadana natural-gas project alone has earned the regime $4.83 billion since 2000, according to the Washington-based nonprofit EarthRights International in a recent report. But most Burmese still live in wretched poverty. The new capital is an expensive boondoggle...
...offensive may also prove to be more challenging because, unlike the Swat Valley - a scenic, tourist-friendly area whose residents depend on outsiders for income and trade and income - South Waziristan has historically been closed to outsiders. Even in Swat, which political leaders have declared a victory, insurgents are still ambushing military convoys and launching suicide bombings against civilian and security targets, proving, as many local residents have long attested, that Taliban leaders are still present in many of the region's villages...