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...longstanding uptick rule expire, which stipulated that traders could short a stock only after it had moved up. Cox called the rule useless, because an uptick can be just a penny in the decimalized market. His view is supported by academics such as MIT's Paul Asquith, who has done extensive research on short sales. Asquith reviewed two years of data during which short trades were tracked by the SEC, and found that 30% of all trades are short sales. And outfits including Goldman and Morgan Stanley are no strangers to going short in their proprietary trading strategies...

Author: /time Magazine | Title: Are Short Sellers to Blame for the Financial Crisis? | 9/18/2008 | See Source »

...need to cinematize this play. Oscar Wilde's 1895 comedy of mannerisms is perfect as was. Just round up a brilliant cast--Michael Redgrave, Margaret Rutherford, Joan Greenwood, Dorothy Tutin and Edith Evans will do fine--and stand back. That's what Anthony Asquith did in the 1952 film: preserved the play's blithe, aphoristic elegance. In the main pairing of lovers, Redgrave's starch ideally suits Greenwood's cello-voiced sense of sexual mischief...

Author: /time Magazine | Title: 7 Greatest Plays on Film | 4/23/2006 | See Source »

...House of Commons was at last demanding a whip hand over the House of Lords, and Their Lordships with embattled obstinacy would not yield. They had haughtily rejected the Commons' so-called "People's Budget" championed by liberal Prime Minister Herbert Henry Asquith, later the Earl of Oxford & Asquith, and were arrayed against the radical proviso to impose an extreme tax on income and property of Chancellor of the Exchequer David Lloyd George, whose ungentlemanly Limehouse speeches at this time were all about "our dissolute dukes...

Author: /time Magazine | Title: Great Britain: Silver Jubilee, George V | 12/17/2004 | See Source »

...Asquith had told King Edward, and he now plainly told King George, that the House of Lords must be vanquished and that, short of revolution, only the King could vanquish them by creating, or threatening to create, enough new peers -possibly 500-to form a majority of Their Lordships who would vote to subordinate the House of Lords forever to the House of Commons...

Author: /time Magazine | Title: Great Britain: Silver Jubilee, George V | 12/17/2004 | See Source »

...would have been unsatisfactory to the England of 1910 if the new King had made any rash attempt to champion the peers and the prospective tax payers. This fact His Majesty definitely ascertained by forcing Mr. Asquith to go to the polls for a general election. When the Prime Minister was returned without loss of strength and the Lords still continued obstinate, George V promptly commanded Mr. Asquith to announce that His Majesty would "consider it his duty" to create the 500 peers if necessary, and the House of Lords, appalled, hastily passed the Parliament Bill by a majority...

Author: /time Magazine | Title: Great Britain: Silver Jubilee, George V | 12/17/2004 | See Source »

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