Word: wall
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This sophisticated bit of financial wizardry is known as a carry trade, and it's a popular way to offset moves in equity and bond markets while also producing a handsome return. (See pictures of TIME's Wall Street covers...
Since the start of the year, the 16 European nations that make up the euro zone have watched their currency plunge to an eight-month low as a result of sovereign-debt panic. Greece, which is perhaps the weakest link in the European Union, was first to hit the wall on news that its deficit has ballooned to nearly 13% of GDP. Then last week, worry about debt default spread from Greece to Spain, Portugal and Ireland, where spending is similarly out of control. (See the best business deals...
...threw out a time he thought I could go. And I’m like, “Yeah, whatever, that’s a world record, you know. I’m 15.” And I go and swim my race, touch the wall, and it was the exact same time he predicted. And so you kind of remember those things. It was your first world record, you had a crush on a boy then, and you’re in a foreign country. You’re still in like ninth grade or middle school...
...Princeton team was announced to a wall of newspapers—the “sucks” chants after each player was introduced slightly dulled the strategy—followed by the presentation of the Harvard squad, which got wild roars from everyone dressed in white...
...emotion and spirit and principle behind them are not. For at its core, it’s about a streak of proud conservatism—or perhaps a certain variation of populism—that still runs deep in this country. (Don’t forget that a December Wall Street Journal/NBC poll showed that more Americans identified with the Tea Party than with either Republicans or Democrats...