Word: archipelago
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Quito The Ecuadorian government announced a review of shipping regulations around the Galapagos Islands after an oil tanker ran aground near the rare wildlife archipelago. The Jessica hit a reef near San Cristobal island, causing a 1,200-sq-km oil slick. Although environmentalists expressed relief that favorable winds and currents had limited the amount of oil washing up onto the islands, at least one pelican and two sea gulls are known to have died, and long-term damage could include negative effects on the archipelago?s algae, which form a vital part of the Galapagos food chain...
...with which you first viewed everything that first year, except now the sight is not nearly so overwhelming. You may still wonder at the impossibility of Widener (or the improbability of the Science Center) but you are no longer confounded by the whereabouts of the Quad or the waspy archipelago of River Houses, for all of these places are invested with memories that make them personal to you. Indeed, they are your home...
...sought to "punish" Vietnam for ejecting the Beijing-aligned regime of Pol Pot from power in neighboring Cambodia. (The Chinese, in that encounter, suffered what might politely be termed a thrashing.) And in recent years both countries have laid claim to the Spratly Islands, a disputed, possibly oil-rich archipelago in the South China Sea. Vietnamese wariness of the power of their much larger neighbor may indeed create a compelling geopolitical case for making nice with Washington...
Their trick, in more and more cases, is to route the trade through Gerald Putnam's Archipelago. The Chicago firm, which created one of a new class of trading systems known as electronic communications networks (ECNs), can instantly determine where the best price is--on traditional markets, like the New York Stock Exchange, AMEX and NASDAQ, or among orders that come directly into Archipelago. Trades on the fully automated system are completed in less than a second, while a typical trade on the N.Y.S.E. takes 22 sec. "That's a lifetime in an active market," says CEO Putnam. "Our advantage...
...Putnam, 42, who studied accounting at the University of Pennsylvania, wasn't content to run just a trading network. He's making Archipelago a full-fledged exchange this year by buying the equities arm of the Pacific Stock Exchange. This means that Archipelago will list companies on its own and try to lure blue chips away from other exchanges. If Putnam has his way, Wall Street will no longer be the best route to Easy Street...