Wednesday, March 07, 2007

Things I learned from doing today's crossword puzzle

A skein is not just a bunch of wound-up yarn. It can also be a flock of geese or ducks in flight.

Usually a three-letter answer to a clue about a Wall Street abbreviation is either MBA or IPO, but today it was ARB, which is short for arbitrager --someone who engages in arbitrage, who purchases securities in one market for immediate resale in another in the hope of profiting from the price differential. As Johnny Carson used to say, "I did not know that."

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