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Naked access now 38 percent of U.S. trading: report | ReutersA report says that 38 percent of all U.S. stock trading is now done by firms that have "naked sponsored access" to markets, the controversial trading practice said to imperil the marketplace, and which faces a regulatory crackdown. Naked access gives trading firms, using brokers' licenses, ...
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2 days ago
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Leo W. Gerard: Gone with the Wind: Blowing U.S. Tax Dollars Off ShoreIt turns out a Texas windmill farm developer's request last month for nearly half a billion dollars in stimulus funds to create 2,000 jobs in China doesn't rank first on the audacity scale. Shockingly for American taxpayers, and sadly for the staggering 10.2 percent of Americans who are ...
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2 weeks ago
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AIG's Small London Office May Have Lost $500BGround zero for AIG's spectacular implosion , which has soaked up more federal bailout money than any other entity, appears to have been a small London branch office that may have lost nearly half a trillion dollars in bad deals. The disastrous deals were built up in a decade and, when the ...
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9 months ago
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Iowans say pig-odor study passes the smell testOn Capitol Hill, a $1.7 million earmark for pig odor research in Iowa has become a big, fat joke among Republicans, a Grade A example of pork. But the people who live cheek by jowl with hog farms in the No. 1 pig-producing state aren't laughing. They're gagging. "You hold your breath and when ...
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9 months ago
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AIG's meltdown has roots in Greenberg era | U.S. | ReutersMaurice "Hank" Greenberg's legacy as the man who built AIG into the world's largest insurer was tarnished by a 2005 probe but questions about whether he created a financial monster that subsequently ran amok could cause greater damage to his image. The former Army captain -- who left AIG in ...
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9 months ago
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Schumer To GOP Govs On Stimulus: Take It Or Leave ItSchumer argues that the stimulus plan is a comprehensive approach, and rejecting portions of the package of it would undermine it. "To protect the integrity of the recovery program, I urge the administration to issue implementation guidance clarifying that while any Governor may exercise his or ...
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9 months ago
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Flying traitors: 3 reasons air travel is un-AmericanOpinion: What’s so fair about flying? If you said “nothing,” you’re right. Here’s how air travel has taken an incomprehensibly sharp turn for the worse and thrown social equality and many of the values we hold dear as Americans out the proverbial cabin door: It is profoundly inequitable, it is ...
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13 months ago
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The X Chromosome and the Case against Monogamy: Scientific AmericanResearchers report genetic evidence bolstering the socially contentious idea that polygyny—the mating practice where some males dominate reproduction by fathering children with several women—was the norm for sexual behavior throughout human history and prehistory. Because polygyny means other ...
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14 months ago
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At McCain's convention, big money still talksOf all the whales at the Republican National Convention this week, Robert Wood Johnson IV, the billionaire heir to the Johnson & Johnson fortune and owner of the New York Jets, may be the biggest. Johnson's exalted status here shows that for all of McCain's efforts to purge the influence of ...
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15 months ago