Word: fractionization
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Since 2007, the evolution has accelerated. Less than a third of the trading in NYSE-listed stocks is now done through the NYSE - and only a tiny fraction of that by the floor traders, who now function mainly as a colorful backdrop for CNBC broadcasts. Virtually all stock-trading is electronic, and somewhere from 45% to 70% of trading volume is done by high-frequency traders who make their money by the millisecond...
...students have on average a scant 2.75 sex partners during their time here. But what the statistics don’t tell you is that the first experience occurs during Camp Harvard, the other during Senior Week, and the only thing to keep you going in between is that fraction of a person you will meet one lonely winter’s night in the Quad. That’s what people mean when they say make these first days count—otherwise it’s a long four years. And yes, you should reconsider advanced standing (it?...
...epidemics: AIDS and malaria. There is a World AIDS Day and a World Malaria Day, and countless medical researchers work to combat the two diseases. In 2008 about 60% of the world's funding for research into major epidemics went to AIDS and malaria; diarrhea received a tiny fraction in comparison. Just 4% of all U.S. funding for research into major developing-world epidemics in 2007 went to diarrhea. The European Commission has given about $1.33 billion to the Global Fund to Fight AIDS, Tuberculosis and Malaria since it was created in 2002. No specific funds are dedicated to diarrhea...
...Even so, the new test would cover only a fraction of the people who go to work and live in the U.K. Last year about 129,000 immigrants were granted British citizenship. Yet the nation is also home to an estimated 725,000 illegal immigrants and attracts many workers from across the European Economic Area who have less incentive to seek citizenship since they can legally work in the country without visas. (Read "Britain's Clown Shortage: Visa Rules Hit the Circus...
...ball will ricochet into the forest. The stakes aren't high: Barack Obama, who has golfed almost every weekend since it got hot in Washington, plays a dollar a hole. But these leaders have more than money on the line. They are facing down their aides, men a fraction of their age. And no one wants to lose. (See pictures of the worst golf fashion...