Word: wind
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Dates: during 2000-2009
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...traditional muni bonds because there are relatively fewer of them issued. BABs, unlike traditional munis, are taxable. For most individual investors, the interest-rate difference is a wash - a high net worth investor would owe the extra yield they get from the BAB back in taxes, so they'd wind up with roughly the same after-tax yield as if they had bought a lower-yielding tax-free muni...
...sailors faced brutal weather during their races. While Saturday’s downpour was bad, the light wind on both days proved worse...
...Both days it was light wind, which was unfortunate for us, because we had practiced 420s in heavier wind,” Lambert said...
...races were hampered by a cold and rainy nor’easter on Saturday and no wind on Sunday—which meant no races that day. With the cancellation of Sunday’s races, the team lost a valuable opportunity to move up in the standings after a night of recuperation and evaluation of Saturday’s races...
...were pumped to sail the second day, but the wind didn’t cooperate,” Himler said, “We would’ve moved up in the standings, and it’s unfortunate that it didn’t work out—but that’s sailing. We’re completely dependent on the weather...