Word: rulings
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Last year the SEC let the longstanding uptick rule expire, which stipulated that traders could short a stock only after it had moved up. Cox called the rule useless, because an uptick can be just a penny in the decimalized market. His view is supported by academics such as MIT's Paul Asquith, who has done extensive research on short sales. Asquith reviewed two years of data during which short trades were tracked by the SEC, and found that 30% of all trades are short sales. And outfits including Goldman and Morgan Stanley are no strangers to going short...
...better part of five decades, former Laotian President Nouhak Phoumsavanh held the second highest position in what is now Laos' ruling communist organization, the Lao People's Revolutionary Party. He first became involved with the group in 1945, when Laos was still under French rule, and later represented a Laotian communist organization at the 1954 conference in Geneva that ultimately resulted in independence for his homeland. Toward the end of his long tenure in government, he succeeded President Kaysone Phomvihan when he died in 1992. Nouhak, who was President through 1998, died...
...actually wants to rule Thailand is less clear. In spite of the fact that the group uses the word "democracy" in its name, the PAD backs a political system in which an elected parliament could be replaced by one that is partly appointed. Some PAD leaders have advocated what they call a "People's Revolutionary Government," though there's little consensus among the PAD's disparate factions - which include labor activists, ethnic Chinese businessmen and staunch royalists - as to how such a government should come to power or what it might do on a day-to-day basis...
...familiarity heuristic. Hearing a false rumor, especially if you hear it repeatedly, makes you more familiar with the rumor. All other things being the same, we seem to use a rule of thumb "if it sounds familiar, it is more likely to be true." Again, this finding should give us cause for a sober pause. What we hear often may in fact seem more plausible simply because we hear it often...
...appearance at the Paralympics opening ceremony was a big chance to promote a kind of assistance for the disabled that didn't exist in China until recently. When Lucky came to Beijing last year, Ping complained on her blog that the Golden Retriever was technically banned under a Beijing rule against large dogs in public places. Police allowed Ping to keep Lucky at her side, but required that she only go out with the dog while accompanied by a sighted person. "I thank them for their benevolence," Ping wrote. "But if I have a guide next...