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Yesterday, SEC Commissioner Cox responded to the pressure. The SEC instituted a "Hard T+3 Close-Out Requirement," meaning that short sellers and their broker-dealers must deliver securities by the close of business on the settlement, three days after the sale. It's an answer to previous complaints about the prevalence of so-called "naked" short selling: that is, selling shares that you don't actually have in hand, and have not made arrangements to have. Naked shorting allows traders to potentially manipulate stocks. The SEC is also considering an emergency order forcing hedge funds, which employ short selling...
...wouldn’t top many dance floor set lists, there they are, at the top of “Let Me See You,” blended seamlessly into Trina’s “I Got a Thang For You.” As on previous Girl Talk albums, there are still plenty of satisfying “ah-ha!” moments when obscured bass lines or vocal tracks suddenly emerge in full force, allowing the listener to identify them and marvel at their complete transformation. “Feed the Animals?...
Although Justin P. Lanning ’12 described the previous night’s event as “overcrowded” and less convenient than the concentration fair, he added, “I think most people got their advising done last night...
...Smartcards will be watching your fellow Housemates hump the new card readers furiously to open doors without taking their cards out of their pockets. But will their humping be in vain? The Result: Hump away! The Through-the Wallet Test The Challenge: In a similar vein to the previous challenge, will backing your derrière into the card reader only result in failed entry? The Result: Back that thang...
...Because of the city's previous incarnation as a center of global capitalism, the Shanghainese today ranks as China's most ardent conspicuous consumers, equally voracious when buying local or global. Nevertheless, given the somber economic mood worldwide, Shanghai has tried to reign in the excess a bit. October's annual Millionaire Fair, where the moneyed classes can pick up everything from a gold-plated toilet to a private jet, has been rebranded simply as The Fair. But the metropolis still thrums with a determined decadence, a stance borne of having to hibernate during the height of communist fervor. Practically...