Word: exchangee
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But by making significant concessions on West Bank construction, Netanyahu risks infuriating his hard-right coalition partners, who could bring the government down by quitting in protest. So he now seems to be shopping the idea of a compromise deal: a freeze on all new building but the right to...
One day in fall 2007, I found myself on the 19th floor of the Manhattan skyscraper known as the Lipstick Building, listening to Bernie Madoff explain to me how he made money. This was in preparation for a discussion called the Future of the Stock Market that I was moderating...
"You've heard of payment for order flow, right?" Madoff asked. "Huh?" I responded. Madoff explained that Bernard L. Madoff Investment Securities had pioneered the practice of paying customers to trade through it, thereby siphoning business away from the New York Stock Exchange (NYSE). The firm was able to use...
The fear may be justified, the loathing less so. Stock-trading in the U.S. was long dominated by a cartel (the NYSE) that charged exorbitant fees and stifled competition. That cozy arrangement began to fall apart in the early 1970s with the birth of the Nasdaq electronic exchange for small...
Meanwhile, private insurance companies, which could receive taxpayer subsidies to cover low-income individuals, would continue to choose for themselves whether or not to offer abortion coverage. If they did offer the coverage, they would also need to segregate the funds to pay for the procedure, to ensure that direct...