Word: wynne
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...boutique research firm based in Manhattan Beach, Calif., run by two guys named Drobny--Andres and Steven--who are related only by the business they are in. The Drobnys' most recent conference attracted more than 100 macro hedge fund managers--people who bet on megatrends. They descended on the Wynn Las Vegas resort for three days of hard trading talk and, of course, a bit of hard playing...
...speaking with Haugerud at Tryst, the sprawling nightclub at the Wynn Las Vegas, where champagne is flowing freely and folks are beginning to loosen up after a cerebral day of presentations. Can this be the same person whose talk on buying farmland in Argentina, Brazil and the Midwest was intimidating in its attention to detail? In one breath she's discussing how the price per acre for Iowa farmland is not far from its nominal highs reached in 1973; in another she's recounting her early professional life in Geneva and how much fun she had. She seems almost normal...
...chat some more about the Wynn, about travel, about trivial things. Then somehow I bring up cocoa and the impact of financialization on some of the soft-commodity markets, and she straightens up and squints down at me, launching into some quick attributes of cocoa to test my knowledge. Cocoa production is down because of drought in West Africa, and there is fear of renewed fighting in Ivory Coast, the world's largest producer. Meanwhile, Haugerud says, "demand continues to be strong across the board, along with new demand for dark chocolate because of the health benefits of flavanols. Dark...
...officials told Time of a more notorious incident, which occurred in 2003 when Jeanna Abercrombie Wynn-Stanley, then the U.S. consul general in Jidda, incurred the wrath of the religious police while waiting to enter a restaurant in Riyadh. Conservatively dressed, but not in the standard attire of Saudi women, Wynn-Stanley was harangued by a mutawwa, so she pulled out her Saudi-issued diplomatic identity card. The mutawwa's response was to throw it on the ground and grind it into the pavement with the sole of his shoe, a gesture considered a grave insult in Arab custom...
...fescue in the Pacific Northwest and paspalum in Hawaii, Florida and Majorca. These drought- tolerant varieties don't require as much water for irrigation. And designers are working with what the land has to offer--the days of creating a pine forest out of a desert, à la Steven Wynn in Las Vegas, are numbered. "I take advantage of Mother Nature," says designer John Robinson. "At Blue Heron in Medina [Ohio], I had ravine after ravine, so I positioned the course to hit over those, like a steeplechase...