Word: citadel
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Dates: during 2000-2009
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Luckily, Wilson still had some of that Forstmann Little cash lying around. He called an old Citadel hand, the fortunately named Bob Proffitt, and found a local private-equity firm, Endeavour Capital, that was willing to back Wilson's new venture, Alpha Broadcasting. It paid $11 million for Paul Allen's Portland stations--Allen bought them for about $50 million. Experts say the price premium for radio stations has fallen from 20 times earnings to eight times...
...that long ago, Detroit was one of the richest places in the country, the citadel of the auto age, the "arsenal of democracy," the nexus of technology and innovation. Today it struggles for its life: not one national chain operates a grocery store in the entire 138-sq.-mi. city limits of Detroit. The estimated functional illiteracy rate in the city limits hovers near 50%. The unsolved-murder rate is about 70%, and unemployment is around an astonishing...
High-frequency trading is a catchall description of several different approaches to stock-trading that capitalize on the blinding speed of supercomputers in analyzing and responding to market data. The owners of these supercomputers, investment firms such as Goldman Sachs and Citadel Investment in Chicago, employ special proprietary algorithms to interpret the data and execute transactions - all in less time than it takes a human to conjure a thought. Already, various forms of high-frequency trading, taken together, account for more than half of all trading now taking place in the U.S. Critics say the practice can raise the cost...
...they could not have come as close as Cash. (As it is, the White House had no hand in selecting Cash. The Navy rotates chaplains through Camp David every three years; Cash began his tour this past January.) The 38-year-old Memphis native is a graduate of the Citadel and the great-nephew of Johnny Cash. He served a tour as chaplain with a Marine battalion in Iraq and baptized nearly 60 Marines during that time. Cash earned his theology degree from Southwestern Baptist Theological Seminary in Fort Worth - and, yes, that means Obama's new pastor...
Paradoxically, the thirsty city was once a great lake, where the Aztecs founded their island citadel Tenochtitlan in 1325. When the Spanish conquerors took control they drained much of the water, laying the basis for the vast expansion of the metropolis across the entire Valley of Mexico. However, as the growing population continues to suck water out in wells, Mexico City is sinking down into the old lake bed at a rate of about three inches a year. This downward plunge puts extra pressure on water distribution pipes, which are now so leaky they lose about 40% of liquid before...