Griffin works at the University of Texas at Austin, and has become quite an unpopular figure on Wall Street for similar work he has done in the past on ratings companies, the VIX and investment banks. In most of his findings, he claims that these well-known financial instruments and players are, in one way or another, rigged. And the professor seems to enjoy exposing precisely that: rigged, manipulated markets and shady players.
To avoid tripping insider trading rules, companies typically avoid buyback shares during the two weeks prior to reporting earnings. Last week's market storm — the Nasdaq's worst week since March — occurred during the darkest part of these so-called "blackout" windows.
The timing is… less than ideal. The Government Accountability Office only just issued a report saying that the Defense Department had made progress on securing its networks, but was falling short in protecting weapon systems. Clearly, there's work to be done beyond that, even if the scale isn't as large as some high-profile government hacks. Institutions are only as secure as the vendors they use, and a flaw at one partner can have far-reaching repercussions.
Published in 2010, the truth commission’s 2,200-page report not only documented the manifold failings of the financial system in Iceland but also offered specific recommendations to protect state institutions from a future crisis. The report instantly became a bestseller, with copies sold in supermarkets. It was a popular gift – parents even gave it to their children to help them avoid making the same mistakes.
The heightened attention on the euro zone’s third-biggest economy is a sign that, almost 10 years after the start of the region’s sovereign debt crisis, the bloc remains fragile in the eyes of investors and observers. The fact that Italy is in crisis just as the European Central Bank considers slowly withdrawing stimulus is compounding that risk.
Dr. Doom Ignites A Bitcoin Firestorm (Thomas R.)
The other element that is impacting interest in Bitcoin is the fact that it has become less volatile. News attracts attention when volatility is high as people crave information. Bitcoin had a 10-day realized volatility as low as 17 just last week (according to Bloomberg). While still high by most standards, that is well below highs of 176 in January and even well under the 90 hit as recently as July. Bitcoin just isn't as volatile as it once was.
Watch how Amazon spread across the US (Sparky1)
Here’s how Amazon moves millions of packages a year so fast: An order’s first stop is usually an “inbound cross-dock,” which collects items from vendors on their way to the fulfillment center, where customer orders are boxed and addressed. From there, they may go to a “sortation center,” which divides up packages by the zip code of their destination so they can be delivered to the nearest US Postal Service office to be dropped off at the customer’s doorstep. They might also be taken to a local “delivery station,” which dispatches Amazon’s own couriers for last-mile distribution.
But an investigation of the data they cite to show that the Russian campaigns on Facebook and Twitter were highly effective reveals a gross betrayal of journalistic responsibility. Shane and Mazzetti have constructed a case that is fundamentally false and misleading with statistics that exaggerate the real effectiveness of social media efforts by orders of magnitude.
This is all possible because of Magic Leap's breakthroughs in augmented reality, according to Amitabh Varshney, a University of Maryland professor who researches augmented and virtual reality. He pointed to the way light reflects off Mica's skin, a subtle detail that's critical to making Mica seem human.
Bank of England confirms new £50 note plans (sign-in required, Thomas R.)
The Treasury’s campaign to modernise cash was undone by Theresa May moving quickly to reject “trashing 1,000 years of history” following campaigns launched in the tabloid press and comments by the Treasury’s former top official saying “only banana republics don’t have a coin representing the lowest denomination of their currency”.
WVVA reports workers at the mine, which is owned by Mission Coal, said this week negotiations to sell the mine fell through. The mine is largest employer in Wyoming County after the school system. Workers were moving equipment out of the mine this week, a sure sign of its imminent closure.
“In fact, production has surged, led by the US shale revolution, and supported by big increases in Brazil, Canada and elsewhere,” the IEA said. “There is no peak in sight for demand either. The drivers of demand remain very powerful, with petrochemicals being a major factor.”
"We're watching what people are going through," Smith said. "We've been through this with Matthew and Irma, but this is a little bit different. This is catastrophic, but it's a reminder for all of us that this could have been our community, and in some ways, it is our community. Please continue to be diligent. Make sure you have your disaster supply kit in place, as well as a plan."
Florida’s building code, put into effect in 2002, is famously stringent when it comes to windstorm resistance for homes built along the hurricane-prone Atlantic shoreline. But it is less so for structures along the Panhandle, a region historically unaffected by storms as strong as the ones that have slammed into South Florida.
Eldorado owns its stake in Skouries through a Greek subsidiary, Hellas Gold. Eldorado owns 95 percent of that subsidiary, the remaining 5 percent is owned by a Greek construction company, Ellaktor SA. That company is controlled by the wealthy Bobolas family, which also has important interests in the Greek media. In 2015, Ellaktor Managing Director Leonidas Bobolas appeared before a public prosecutor after his arrest by the Financial Crime Unit. He was accused of major tax evasion.
“I looked over at my husband and I took his hand and I said we're not going to make it,” said Anderson. “We are not going to make it.”
Fortunately, all 40 people sheltered inside survived. Once the storm passed, they crawled through blown out windows to get out of the demolished building. The first time she went back inside the building, it was almost too much to bear.
About 50% of the Great Barrier Reef is already in danger, and 70% will be lost if temperatures rise by 1.5 degrees Celsius. If there were a 2% rise, as much as 99% of the reef’s coral would be “bleached” and destroyed.
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