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...next chief should be chosen from from within the department's own ranks. Says Bratton: "With the crises that the city is facing at this time with this budget, an outsider no matter how qualified or skilled, it's going to take that person months to get up to speed. Why take that risk when there's no shortage of people in the department who know the city, who know the issues of the department...
Does any current teen out there know who John Hughes was? Anyone? Anyone? Adolescent fancies wax and wane at warp speed, but just for historical purposes, kids, you should know that in the 1980s Hughes was the intimate chronicler, confidant and cheerleader of a generation of young people. Writing scripts that could have come from inside their muddled hearts, monitoring their rampaging hormones, he built a smart shelf of adolescent zeitgeist films: Sixteen Candles, The Breakfast Club, Pretty in Pink and Ferris Bueller's Day Off, the movie etched in immortality by teacher Ben Stein's plaintive, froggy "Bueller? Anyone...
High-frequency trading is a catchall description of several different approaches to stock-trading that capitalize on the blinding speed of supercomputers in analyzing and responding to market data. The owners of these supercomputers, investment firms such as Goldman Sachs and Citadel Investment in Chicago, employ special proprietary algorithms to interpret the data and execute transactions - all in less time than it takes a human to conjure a thought. Already, various forms of high-frequency trading, taken together, account for more than half of all trading now taking place in the U.S. Critics say the practice can raise the cost...
...them have the ability to execute at lightning speed, and the closer their computers are to the ultimate destinations, i.e. exchanges, the more of an advantage they have," says Arnuk, whose paper began circulating several months ago, setting Wall Street abuzz. (See pictures of TIME's Wall Street covers...
...Leaf itself, which is expected to go on sale in the U.S., Europe and Japan late next year. Nissan will sell the car for the price of a comparably sized gasoline-powered car, and company officials say it will be cheaper to run. The Leaf's maximum speed is more than 90 m.p.h. (145 km/h) and its range is 100 miles (160 km) on a full charge. A 30-minute quick charge reaches 80% capacity. And with its lithium-ion battery placed under the vehicle floor, the Leaf has room for five people. While the Leaf will be built first...