Word: shuts
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After high-profile alleged frauds like Refco's and another this summer at hedge fund Bayou Management, where managers shut down the firm without notice, the call for strict oversight is growing. Largely unregulated investment pools for institutions and the wealthy, hedge funds make big bets--up or down--on stocks, bonds, commodities and currencies. Officials are investigating trading records at 35 institutions as part of their probe into naked short selling. And starting in February, hedge-fund advisers must register with...
Meanwhile, with its stock sinking, Pet Quarters couldn't raise the funds it needed to keep operating, and shut down. CEO Steve Dempsey and an executive who had invested with him wound up filing for personal bankruptcy. "There was nothing wrong with our business," says Dempsey. "We fell prey to the perfect crime." Weiner counters that "most of these companies" that blame short sellers when their stock falls are financially "barely skating...
...They shut down the Pepsi machines in the University of Portland cafeteria the other day. The plastic bottles of Hunt's Ketchup disappeared. Sugar was replaced with honey from a neighborhood beekeeper. And everything else on the lunch menu, from soup (lentil) to nuts (hazel), was locally grown, baked, milked and mixed. The shrimp was harvested in nearby Netarts Bay, not in Thailand; the herbs were gathered in adjacent Clackamas County, not in California; the chicken was pastured on fields outside Eugene, not imported from the Midwest's vast factory farms. "It's awesome," said Alex Samuels, 19, a freshman...
...that there's almost nothing between the top players in terms of talent: what separates them is the strength of their minds. Over a Test career that spanned two decades, Waugh worked at improving his concentration. That may sound dull. He concentrated well? Big deal. But his ability to shut out distractions and silence his demons was the making of him. In the mid-1990s, a bunch of admiring Sri Lankan players gathered around him after a Test. One asked Waugh whether he meditated, for he was trance-like at the crease. "It was," Waugh writes, "one of the finest...
...next night, as if on cue, Grumet-Morris shut out Yale...