Word: aground
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...prove it. For starters, Long-Term Capital's spectacular demise in 1998 pointed to trouble for globetrotting hedge-fund hotshots. Soros and Tiger Management's Julian Robertson both ran aground this year. Indeed, the average hedge fund has been underperforming the S&P 500 for four years. The hedgies, it seems, make investing a lot tougher than it needs...
...market-wide, it's not a real fear yet. Is Uncle Alan running us aground now, after so many textbook turns in his years at the helm? Nah. Greenspan gets the benefit of the doubt, for a while. But they're a real jittery crowd...
...poker game by Gu Liang-chi, who went by the street name Ah Kay, the leader of a Fujianese street gang that controlled East Broadway. According to U.S. government charges, Ah Kay, Sister Ping and several other snakeheads loaded the ill-fated hulk with immigrants. When it ran aground in the icy, turbulent waters off New York in June 1993, 10 of the 300 passengers perished trying to escape the ship. As it turned out, the U.S.-based guide who was supposed to organize the unloading had been killed in a gang dispute. It was the first of many tragedies...
...months after the Golden Venture ran aground, Sister Ping was invited to China along with other overseas notables of Fujianese descent for an anniversary celebration of the Communist Party. When she arrived in Beijing, however, instead of being honored, she was arrested. According to police and friends, she bribed her way out of custody but couldn't return to America because the investigation of the Golden Venture was getting close to her. She fled to her native village of Shengmei, which had benefited from the years she spent becoming an American success story. Shortly after arriving there she learned...
...loves the rhythm of a meandering river, with the summertime droughts and spring floods that nurture wildlife and push a waterway down a new path. Commercial barges, however, demand constancy, in the form of a canal filled with enough water to keep their 9-ft.-deep hulls from running aground. So after the great 1927 flood, the Army Corps of Engineers began shackling the unruly current. The corps built levees along the river's banks to hold in the water and turned its rapids and ever changing sandbars into a more civilized staircase of 29 locks and dams stretching nearly...