arbitrage, interwar period,borscht; borsch, borscht circuit

Mr. Mustier explained that Mr. Kerviel’s role on the trading desk was that of an arbitrager, which meant that he was entrusted to buy one portfolio of stock index futures and at the same time sell a similar mix of index futures, but with a slightly different value. The object of arbitrage is to try to make a profit from these differences in value. Because the value gaps between similar financial instruments are usually very small and temporary, this type of activity typically involves trading in very high total nominal amounts.

1.	on Page 43:
	"... managerial- ism" in order to emphasize the faith in management that was characteristic of these elite reformers, especially during the interwar period and the first twenty-five years after World War II. ..."
2.	on Page 62:
	"... to prove themselves to be true scientists, made quantification and mathematization appealing across a wide range of fields in the interwar period.' One example of this new demand for quantitative social science by large organizations was ..."
3.	on Page 63:
	"... day, especially the collapse of the stock market.' The National Bureau of Economic Research was a similar product of the interwar demand for sophisticated quantitative analysis of the business cycle. ..."
4.	on Page 71:
	"... among others 46 Logical empiricism was a philosophical weapon forged for use against the rising forces of reaction in interwar Europe. The ore from which it was made came from the deep mines of philosophical tradition, but it was shaped ..."

.	掲載ページ - p.165:
	"iVti( :r 165 mimic, a man of many voices, almost an borscht-circuit comedian, but his early books aimed at moral subtlety and psychological refinement in the prescribed ... "
2.	掲載ページ - p.190:
	" ... morality, has always competed for our attention with his satiric, borscht belt side. In Roth's erotic and historical reverie about Anne Frank ... "

Wikipedia article "Borscht".


borscht beltor Borscht Belt
n. Informal.
The predominantly Jewish resort hotels of the Catskill Mountains. Also called borscht circuit.

[From the popularity of BORSCHT in the cuisine of these hotels.]

Food Lover's Companion: borscht; borsch 羅宋湯

[BOHR-sht; BOHR-sh] Originally from Russia and Poland, borscht is a soup made with fresh beets. It can be prepared using an assortment of vegetables, or with meat and meat stock, or with a combination of both. Borscht can be served hot or cold; it should always be garnished with a dollop of sour cream.

The interwar period (1918-1939) is understood within Western culture to be the period between the end of the First World War and the beginning of the Second World War. This is also called the period between the wars or interbellum.

arbitrage

(är'bĭ-träzh')

n.
The purchase of securities on one market for immediate resale on another market in order to profit from a price discrepancy.
intr.v., -traged, -trag·ing, -trag·es.
To be involved in arbitrage.

[Middle English, arbitration, from Old French, from arbitrer, to judge, from Latin arbitrārī, to give judgment. See arbitrate.]

arbitrage 【商】套利 ━━ n. 【商業】さやとり（売買）.