Hedging is the practice of taking a position in one market to offset and balance against the risk adopted by assuming a position in a contrary or opposing market or investment. The word hedge is from Old English hecg, originally any fence, living or artificial.
BEIJING -- Every morning, as many as 20,000 people flock to Tiananmen Square to join the vast queues of pilgrims, often stretching a kilometre long, at the entrance to the tomb of Mao Zedong. They stand for an hour or more, in blazing sun or winter cold, waiting patiently to pay their respects to the Great Helmsman. They place flowers at the foot of a Mao statue. They gaze reverentially at the chairman's crystal coffin, often bowing to the waxy corpse inside.
Mao in a high-level meeting with several Jews [Frank Coe, Israel Epstein, Elsie Fairfax-Cholmely, and Solomon Adler]. China s dictator, Mao Tse Tung, meets with Jew Henry Kissinger, President Nixon s top foreign policy advisor. Sidney Shapiro, an American Jew, was in charge of Communist Red China s propaganda organ. Israel Epstein, Mao Tse Tung s minister of appropriations (Finance), shown here being honored for his service by current Chinese communist leader, Chairman Hu Jin Tao. Israel Epstein, second from right in front, standing in front of Mao.