Word: ultra
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...themselves to extremely wealthy investors who understand the risks involved and who can hypothetically absorb occasional big losses. In return, the industry has largely been exempted from the regulatory and disclosure requirements imposed on more common mutual funds. But hedge funds haven't just been the domain of the ultra-rich. Other pools of wealth, including university endowments and public pension funds, have put their money in so-called funds of hedge funds, which spread risk by investing in a portfolio of hedge funds and hence are considered safer. But since hedge funds are doing badly, so are funds...
...During the campaign, ultra-orthodox candidate Porush seemed a sure winner. Traditionally, the haredim vote in a solid block, obedient to their rabbis. But Porush, a snowy-bearded, autocratic "prince" of a political-religious dynasty, had angered many Hassidic Ger rabbis, known for wearing black, long-tailed robes and boxy fur hats even during the sweltering summer heat. For generations, the Porush family and the Ger have been rivals inside the cloistered Haredi community...
...ultra-religious neighborhoods, which seem like a step back into 19th-century Eastern Europe, many Hassidic Jews either broke with tradition and voted for a secular candidate or left the mayoral ballot blank. Police say several brawls broke out between Porush supporters and jeering Hassidic youths...
...Most Israeli newspapers today touted Barkat as the savior of secular Jerusalem. The city's outgoing mayor is also ultra-orthodox, and many non-religious Jerusalemites chafed at the growing number of restrictions imposed on Sabbath activities. During campaigning, Porush said little about how he would sanctify Jerusalem, but many Israelis envisioned the city becoming a ghost town on the Sabbath, with all restaurants shut and cars banned from many neighborhoods. They also feared that Porush would have pushed for the segregation of men and women on buses and in municipal offices. Shalom Yerushalmi, a columnist for the daily Maariv...
...mayor may have trouble delivering such a secular 'miracle'. Taken together, ultra-orthodox parties will still be the largest block in Jerusalem's city council. In order to win over the large religious Zionist vote, Barkat, a former city councilman, swung from the center to the far right, campaigning on promises to build more Jewish settlements in Arab East Jerusalem. U.S. administrations and the international community have repeatedly said that these settlements are an obstacle to peace between Israelis and Palestinians...