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Parse the language and it means many banks have a new sideline: gambling. "Derivatives have turned the financial markets into a hi-tech, international, 24-hour casino," notes Richard Thomson, a former merchant banker and author of a book published in London, Apocalypse Roulette: The Lethal World of Derivatives. "Right now you have a small number of banks sharing a very large risk. But this could turn out to be a serious problem if these banks are in the wrong place at the wrong time...

Author: /time Magazine | Title: The Banks' Nuclear Secrets | 5/25/1998 | See Source »

MacFarquhar said the department must address the vacancies created by departing professors, including the turnover of some junior faculty. He also pointed specifically to the department's loss of Thomson Professor of Government Morris P. Fiorina--who has accepted a post at Stanford--as a departure which creates a gap in the department's American studies branch...

Author: NO WRITER ATTRIBUTED | Title: Gov. Dept. Selects New Chair | 5/11/1998 | See Source »

...Frank G. Thomson Professor of Government Morris P. Fiorina Jr. announced to classes yesterday that he has accepted a position in the political science department at Stanford University. Fiorina specializes in American congressional politics and has taught at the College for 16 years...

Author: By Alan E. Wirzbicki, CRIMSON STAFF WRITER | Title: Fiorina to Join Stanford's Political Science Faculty | 5/6/1998 | See Source »

Atlanta (Glavine 2-0) at Colorado (Thomson...

Author: NO WRITER ATTRIBUTED | Title: BASEBALL | 4/17/1998 | See Source »

...ELECTRONIC CENTURY A defining event actually occurred three years before the century began: the discovery of the electron by British physicist J.J. Thomson. Along with Planck's 1900 theory of quantum physics, this discovery led to the first weapon of mass destruction, which helped hasten the end of the Second World War and became the defining reality of the cold war. Alan Turing harnessed electronics to devise the first digital computers. Five centuries earlier, Gutenberg's printing press had cut the cost of transmitting information by a factor of a thousand. That paved the way for the Reformation by allowing...

Author: /time Magazine | Title: Our Century...And The Next One | 4/13/1998 | See Source »

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