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...Faculty of Arts and Sciences’ Facilities Management and Operations. The permanent antenna will be placed on the roof of the Student Organization Center at Hilles, hidden from view. Harvard has been working with AT&T on the issue since last winter, and the service provider will fund the bulk of the project, Gingo said. He added that Harvard is “actively exploring” similar partnerships with other providers, as students have reported reception problems with companies other than Verizon, in particular, Sprint and T-Mobile. Though students have long pushed for improved cell phone reception...
Just as in the case of crude oil, supply and demand do not paint the full picture. As of Aug. 24, the U.S. Natural Gas Fund, an exchange-traded fund listed as UNG on the NYSE, held about 10% of the contracts in the October 2009 futures market traded on NYMEX. Combine that position with its over-the-counter swap holdings, and UNG held the equivalent of more than 50% of the October contract's open interest. In following its plan to buy and hold natural gas, UNG keeps rolling its position into the next futures month. In other words...
...contract amounts to over a trillion cu. ft. of gas. Given that the U.S. consumes an average of about 2 trillion cu. ft. of gas per month, UNG's position in the front month - at over half of that month's consumption - seems too large for a purely speculative fund...
...great pricing inefficiency arises because this natural gas speculator is following a predefined plan - and the plan is publicly known. Plus, it's a foolish one. A fund that invests in long-term natural gas prices is taking needless risk in placing significant money in the short-term futures market...
Harvard has been working with AT&T on the issue since last winter, and the service provider will fund the bulk of the project, Gingo said...