Word: nasdaq
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...data-mining algorithms of ClearForest, based in New York City, are at work within both Israeli security agencies and NASDAQ. Israel uses them to drill for hidden connections among suspected terrorists: say, a pattern of phone calls shortly before each of several suicide bombings. NASDAQ uses the same software to detect block trades of stock quietly placed just before the release of company news--including sales by relatives of ImClone's founder, Sam Waksal, who this fall pleaded guilty to insider-trading charges, and his friend Martha Stewart, who remains under investigation (and has denied any wrongdoing...
...Both NASDAQ and Israel's security services are sprawling organizations, bombarded daily with terabytes of information, any bit of which may prevent a catastrophe, whether measured in lives or in retirement savings lost to fraud. And these days, data-mining software, combined with technologies that connect disparate computer systems and databases, is making it possible for everyone from police departments to clothing merchants to global manufacturers to search through ever expanding data warehouses and draw valuable connections that would otherwise be lost to human eyes...
...long ago, the three NASDAQ-listed Chinese Internet portals, or chortals, were serious dogs. Trading in NetEase was suspended for four months last year as the company sorted through earnings misstatements and a shareholder lawsuit. Sohu's stock bottomed out in April 2001 at 60, and Sina's shares dove from $54.50 that spring to $1.07 some 18 months later...
...suggestions that peace and prosperity are at stake in this battle, the reality looks a little different. Bush is likely to win overwhelming bipartisan support for a resolution authorizing the use of force against Iraq, and any true Social Security reform has already been buried under the nasdaq avalanche. Beyond that, it all comes down to the numbers: a 51-49 G.O.P. Senate would put Mississippi Republican Trent Lott in charge of the mood and message once again. That makes Enron hearings less likely and Homeland Security legislation more so. But if all the dead-heat races break...
Over the past two years, Harvard endowment returns have dropped 3.2 percent, while the S&P 500 has fallen 32 percent and the NASDAQ has declined 63 percent over the same time period...