A misunderstood announcement had millions thinking the eastern province of Zhejiang was offering college graduates a chance to start a company risk-free.
Essentially, this means letting some fires burn — or even starting them ourselves — when conditions aren't too dry or windy, or selectively logging to thin out dangerously crowded growth.
The question was how marginal gas power plants-that might be needed to cover a windless, cloudy winter day-could make enough money during the rest of the year to survive.
Thick smoke still went straight upwards in the windless air of the morning, and a great pile of ardent cinders filled the bare walls of the house, like coals in an open grate.
Treasuries are viewed as the ultimate risk-free asset, offering a guaranteed return for corporate cash managers, governments elsewhere and investors big and small, and as a baseline for pricing other financial instruments.
The beach was peopled with only an advance guard of children when Nicole and her sister arrived that morning. A white sun, chivied of outline by a white sky, boomed over a windless day.
The euro's members differ according to their growth prospects and debt levels, leading to gaps (or " spreads" ) between their bond yields and the German bond yield, which is regarded as the risk-free rate.