Word: exchangee
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Insider trading hasn't always been a crime. On the contrary, it was once considered logical and efficient to let any competitive advantage inform decision-making in the free market - a position many economic libertarians continue to embrace today. What some consider to be America's first insider-trading scandal...
The first real crackdown against the practice came in 1909, when the U.S. Supreme Court ruled that that a director of the Philippine Sugar Estates Development Company committed fraud when he bought stock in his company without sharing information with the seller that soon boosted its value. But it wasn...
As recently as February, the leader of one such group, Maulvi Nazir of the Ahmedzai Wazir tribe, joined forces with Baitullah Mehsud and declared war on Islamabad, Kabul and Washington. The alliance ended with Mehsud's death, and Nazir resumed his tribe's long rivalry with the Mehsuds. Both Nazir...
But Gore said that the Internet could challenge the special interests in D.C. and on television, pointing out the low barriers to entry for ordinary people and the opportunity to freely exchange ideas.
By the late 1960s, the stock exchange was upgrading to electronic boards, leaving them little use for ticker tape. The parades dwindled: there was only a handful in the 1970s and 1980s. The 1990s saw a brief resurgence: among the highlights was the 1998 fete honoring John Glenn for becoming...