Maker/taker spreads have collapsed. While exchanges and ECNs have pushed their rebates higher over the past several months to attract limit-order traders, their liquidity-taker charges hit a Securities and Exchange Commission-imposed ceiling for access fees at 30 cents per 100 shares. The upshot is that spreads have decreased...
Maker/taker spreads have collapsed. While exchanges and ECNs have pushed their rebates higher over the past several months to attract limit-order traders, their liquidity-taker charges hit a Securities and Exchange Commission-imposed ceiling for access fees at 30 cents per 100 shares. The...
THE LEGISLATIVE FIX that Congress made to keep the alternative minimum tax from spreading to millions of middle- and upper-income taxpayers is expected to create delays in processing returns and refunds for more than three million early filers who claim certain tax credits. The upshot is that...
In the heart of Sicily, the island landscape is filled with contrasts: bright colours, dark shadows, poor soils, rich earth, tiny villages set against rolling hills and mountainous outcrops. Sicily's bright and dark sides are similarly reflected in its wines and the contrast between their age-old notoriety and new-found fame....
The green light has finally been given to a controversial multi-million dollar hydro-electric dam project on the River Nile. But, Stuart Price asks, will it be the silver bullet to Uganda's stifling power shortages, or will it leave the country precariously exposed to the consequences of climate change? ...
The Philadelphia Constitution may be dead, (1) but the basic problems which troubled the Framers--e.g., preserving the rule of law, preventing oppressive government--are still relevant, albeit in the new and different context. For instance, by way of introduction to what follows, the marked changes in relative powers of the branches...
WASHINGTON -- The Federal Reserve's unanimous decision to slash a key interest rate Tuesday is a dramatic statement that the central bank will do whatever it takes to prevent turmoil in the financial markets and a steep downturn in the housing sector from pulling the country into recession. ...
EVERYBODY'S looking for somebody to blame regarding the JaMarcus Russell holdout, and with Russell now looking as if he may not take the field in 2007 even if he does sign, the lynching parties are scouring behind every rock looking for bad guys. The Raiders and those...
'Liquidity' isn't just techno-babble. It matters - and it can be measured. Chris Dillow "It's a liquidity-driven rally." This is the cliche of many market pundits. However, just because something is said by a pompous oaf does not make it wrong. Rises in global...
He just refuses to give up, doesn't he. Most ordinary mortals would privately have resigned themselves to the strong likelihood of failure after yesterday's "opinion" by the Advocate General in Holland that ABN Amro is perfectly within its rights not to put the sale of La Salle to a shareholders'...
UpShot Career Services UpShot today announced the first nationwide career coaching solution for job seekers. CEO and Head Coach Dr. Reginald Morris started UpShot to give the average job seeker an affordable way to gain a competitive advantage in the marketplace. A study released this month from the International Coach...
This article offers a fresh perspective into the Eisenhower administration's attempts to predict and influence roll-call outcomes in Congress during the transition from Republican to Democratic control following the midterm elections of 1954. Analysis of archival data uncovered at the Eisenhower Presidential Library in Abilene, Kansas, provides insight into a...
IT LOOKED AS IF LEROY SMITH was going to get some recognition after all. A safety manager at a federal prison in California, he had challenged his bosses, risked his job, and endured threats of retaliation to expose hazardous conditions in a prison computer recycling program where inmates were smashing...
Cops go bad, judges go bad, doctors go bad; perhaps we should not be so surprised when journalists take a fall, too. But we are surprised when it happens, and we are often shocked by the depth of the damage that these folks can do and the variety of ways...
It's never over until it is over, so back comes Sir Fred Goodwin, chief executive of Royal Bank of Scotland Group, with an apparently higher, and generally more attractive offer for ABN Amro than that already tabled by Barclays and agreed by the ABN board. This rather puts Arthur Martinez,...
Merger mania is back with a vengeance. You only ever know for sure that the fever has returned once the first big banking merger gets wheeled out of the hanger. Banks are always the last to catch the bug because they know how difficult these things can be, and will...
The NASD is expanding its rules for front-running in the OTC market. The regulator plans to repeal its Rule 6541, which prohibits market makers from trading ahead of customer limit orders in OTC Bulletin Board securities. Simultaneously, the NASD will extend...
The NASD is expanding its rules for front-running in the OTC market. The regulator plans to repeal its Rule 6541, which prohibits market makers from trading ahead of customer limit orders in OTC Bulletin Board securities. Simultaneously, the NASD will extend the application of its Manning...
* At the memorial service for Jaroslav Pelikan at Yale University, there was Bach organ-music and reflections by Yale's president Richard Levin and by James Billington, Librarian of Congress. Cellist Yo-Yo Ma played Bach's Suite No. 6 in D Major, followed by readings from Dostoevsky and...
Despite having achieved international success this year with their outrageous comedies Dirty Dusting and Waiting For Gateaux, North East writers Ed Waugh and Trevor Wood decided not to premiere any new plays in 2006. Instead they set out to try their hand at film and television. The upshot is...
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