Word: impacting
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...With crude oil closing in on $100 a barrel, the pinch of higher prices is being felt worldwide. In China, however, the impact of the hikes has been shortages at the pump, and tempers are running hot. Last weekend, a man was fatally stabbed in Shandong province after he jumped the queue at a local gas station. A second man in Henan province was killed in a similar incident Tuesday...
...impossible to predict how many Asians will become addicted as their access to gambling increases, but "there are going to be victims," says Rachel Volberg, a U.S.-based sociologist and an expert in gambling addiction. Volberg was one of the authors of a 1999 study examining the impact of gambling in the U.S. that found the presence of venues such as casinos and horse-racing tracks roughly doubles the incidence of problem and pathological gambling in the surrounding community within a range of 50 miles (80 km). Throughout the world, Volberg says, the introduction of gambling typically results...
...that wasn't enough, the tremors came at a time when hedge funds were under increasing scrutiny by politicians and regulators concerned about their growing impact on global financial markets. With total assets of more than $1.8 trillion, the industry has nearly doubled in size since 2004, and the activities of hedge funds can increasingly move markets. The danger posed by these lightly regulated vehicles, which employ strategies such as short-selling, trading in derivative securities, and leverage, to the financial system has been demonstrated before - most vividly by the 1998 implosion of Long-Term Capital Management (LTCM), a giant...
...fund guidelines. "Regulation can be a blunt instrument," says Russell Read, chief investment officer for the California Public Employees' Retirement System (CalPERS), a $240 billion California pension fund that invests in hedge funds. "We think investors and hedge-fund managers themselves will have the best and hopefully the highest impact" in improving the industry's practices, says Read, who is chairman of the Working Group's investor committee...
...Argentine neurology professor Antonio Battro, who accompanied Negroponte in Rome, says providing laptops to entire villages and nations of children should be viewed like vaccination programs. "This the first time ever that education can become 'big science,'" Battro said, comparing One Laptop Per Child in its potential scope and impact to the human genome project. Negroponte confesses to "bluffing" on the original numbers to create momentum for the project. "You need scale to change people's minds," he said. "We must create an avalanche...