Word: wager
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Dates: during 2000-2009
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...people wager real money on these odds? No - the odds are for entertainment purposes only. The Nevada Gaming Control Board only allows us to take wagers on sporting events played in an arena. We still try to treat these odds like any others: we put them up on the big light board here in the sports book and print them out on sheets for customers to take home...
...convinced was one friend that Barack Obama wouldn't win the U.S. election that she offered to wager money with anyone in the small crowd gathered around the TV at an election party in North Tehran on Tuesday. Despite Obama's clear lead in the polls, the woman was unconvinced. "How much do you want to bet?" she demanded. There were no takers willing to bet against some surprise turn of events that would deny Obama his expected victory. "Just like our Guardian Council handpicks the candidates [in Iran's elections], their Supreme Court chose Bush in 2000," another friend...
...being employed were. But with compensation aligned with metrics like revenue and market share, and not risk mitigation, the forward push continued. When managers did articulate problems, they were often ignored. In August 2007, one of Merrill Lynch's top risk managers warned his boss that a decision to wager $3 billion on indexes of mortgage-related securities was too risky. The firm made the bet anyway; three months later, the risk manager left. "The psychology during a boom makes it very difficult to come up with large stress scenarios and get management to consider them to be credible," says...
...their Commander in Chief, referred to coyly as "G.W." ("I am here because strong people put me here," he says, "and weak ones went along.") The war critique is more soft-pedaled in docuplays like In Conflict, a collection of monologues by war veterans, adapted by Douglas C. Wager from interviews conducted by Yvonne Latty (first produced at Philadelphia's Temple University and now playing off-Broadway). Though the play is worthy and often affecting, the selection of vets seems as calculated as that of a Hollywood WW II platoon (disillusioned amputee, gung-ho nurse, gay soldier burdened...
...than just a measure. Where there's volatility, there's money to be made. Investors have been able to trade options on the VIX - essentially, bets against the index's own movements - since the Chicago Board introduced them in 2006. What's more, niche hedge funds set up to wager on rising volatility - New York-based AM Investment Partners, for one - have outperformed the markets as well as conventional funds in recent weeks. If that seems a bit rich, it might be time to add some volatility to your portfolio...