zugzwang (TSOOK-tsvahng) noun A position where one is forced to make an undesirable move. [From German Zugzwang, Zug (move) + Zwang (compulsion, obligation).] "Now the government finds itself in zugzwang, where every move it makes worsens its position against an invisible opponent ...." Pusch Commey, Is the Rand Racially Prejudiced?, African Business (London), Mar 2001. In his classic story "Shatranj Ke Khiladi" ("Chess Players," later made into a movie directed by Satyajit Ray), Hindi writer Munshi Premchand (1880-1936) narrates the saga of a kingdom engrossed in playing chess, unmindful of the advancing enemy forces. Such is the charm of this ancient Indian game. An Italian proberb goes, "After the game, the king and pawn go into the same box." A world in itself, chess mimics life in more ways than one. While quite simple on the surface, its complexity is mind-boggling. There are more than 10120 possible moves (that's number 10 followed by 120 zeros). That is a?fairly large number once we realize that there are only about 1075 atoms in this universe. It attests to the popularity of the game that many of the chess words have entered our mainstream vocabulary. This week we explore five of them. -Anu
Answer: A.Word.A.Day--zugzwang
Here is an email: I asked Credit to put the referenced counterparty on the re-approval list for financial because momentarily we hope to get the signed ISDA Master Agreement in from the Counterparty and if certain things don't happen when I open them up they will have a cow!! 1. When I approve them to trade financial online we need to make sure they are coded for having the master swap agreement in place. They are insistent that they do not see the GTC and that the confirms and procedures agreed to in the master apply. 2. All US and Canadian financial transactions, whether online or offline, should roll up under the master. As soon as we get the executed ISDA Master Agreement in I will send an email. I thank you and I know Sara Shackleton thanks you...!! !
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A: Pacific Gas & Electric Company
Q: Jeff, I have infact double booked myself for 4:00 on Thurs. I am checking on cancelling my conflict, but I had made commitments to get out of the office with some other originators for the afternoon. Call me first thing when you get in, I will update you then. BT
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A: Meeting on Thurs
IN: Rick, We have you scheduled to speak to IPG about Risk Management in EB4499 from 10:300 to 12:00 on Wednesday August 8th. Attendee and Company information to follow. Thank you,

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OUT: IPG Meeting Wednesday August 8th
IN: This is an email
Please contact Keith Holst if you should have any questions regarding the new spread products. Please let him know when they are completed. I will be out of the office until Wednesday. Thank you very much. Mike Grigsby

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OUT: Baja and redwood spreads
The following reports have been waiting for your approval for more than 4 days. Please review. Owner: Karen K Heathman Report Name: Brad Larson Days In Mgr. Queue: 6
Answer:
Expense Reports Awaiting Your Approval