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The jihadists seized huge stores of American-supplied arms, ammunition and vehicles, apparently including six Black Hawk helicopters and 500 billion dinars ($430m) in freshly printed cash.
So a fund that intends to keep a certain share of its portfolio in safe-ish long-term debt will sell Treasuries to the Fed in exchange for newly printed cash, but will then find itself in need of portfolio rebalancing to get back to its preferred distribution of risk, maturity, and so on.
Each of the enchanting works here is a greatly enlarged representation of an ordinary object made with dry verisimilitude: a grainy, printed cash register receipt fills a canvas more than seven feet tall; a three-dimensional lunch-size paper bag stands five feet tall, its wrinkles, tears and saw-tooth edges reproduced with loving exactitude (Johnson).
Each is a greatly enlarged representation of an ordinary object, painted with dry verisimilitude: a grainy, blue printed cash register receipt, for example, fills a canvas over seven feet tall.
It is hard not to be pessimistic: the governor of the Bank of England urges patience as once again he embarks on another round of quantitative easing, but obstinately refrains from finding direct ways for the £50bn of printed cash to help the economy.
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This means borrowing from the Federal Reserve System, which can create more money, either by issuing checks or by printing cash.
And the not-so-secret secret weapon is the famous observatory in the Empire State Building, which "prints cash," Mr. Knott said.
As he often has in recent letters, Mr. Singer spends pages railing against the Federal Reserve for buying bonds, printing cash and keeping interest rates at or near zero percent.
It would end the liquidity squeeze by doling out money, with Christmas bonuses, green scrappage schemes, benefits premiums and living wages paid for by printing cash, not borrowing it.
The Mets, the Red Sox and the Yankees also have what the Twins don't: their own regional sports networks with profit margins so high they're virtually printing cash.
The question that then arises is how to use it.In this section Wiring the office A banana for the gorilla The chaebol spurn change Stop me before I merge again Printing cash Advance of the amazonesu Kobe's dream The inside outsider ReprintsGeorgia-Pacific deliberately began to generate cash in excess of depreciation several years ago.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com