Word: traded
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Dates: during 2000-2009
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...sure, Cantor hasn't escaped the biggest financial meltdown in decades unscathed. The firm was a prominent player in the trading of credit default swaps, and that market for bond insurance has been battered by the rising defaults in home loans and other debts. Worse, some politicians and regulators, irked by the huge losses rung up by AIG in CDS contracts, have talked about creating a central exchange, much like the New York Stock Exchange, where the bond insurance would trade. Some have proposed doing away with CDS all together. Those changes would significantly curtail, or wipe out, Cantor...
...firm's investment banking subsidiary. "The dislocation in the financial markets has caused others to take the eye off the ball, allowing us to gain market share." The parent company is still headed by Howard Lutnick, who is the CEO of Cantor and chairman of a publicly traded subsidiary BGC Partners, which is 40% owned by Cantor. Lutnick was famously taking his son to his first day of kindergarten on September 11 and not in Cantor's offices when the World Trade Centers were attacked. Lutnick recently told analysts that he was optimistic for his company despite the uncertain markets...
...That's exactly it. People know it's happening, the way they know that illegal drugs are also being smuggled, but when you don't see it you can't recognize the impact. You can easily support [illegal wildlife trade] unknowingly. You're on vacation, you see something and it's a beautiful piece. It's in a museum shop and they're selling it, it must be legal, right? You don't really know...
Ever wonder where did the feathers on your fancy piece of jewelry came from? What about the ivory in your souvenir statue? The illegal wildlife trade nets about $20 billion a year - less than drugs but more than weapons - and ounce-for-ounce, some animal products (such as rhino horn and bear gall bladders) are literally worth more than gold. With so much money on the line, to whom does one turn when someone breaks an animal protection...
...resurgence in the rhino population because they were listed as endangered and protected. De-horning programs and relocation programs met with great success and the anti-poaching laws were working, but recently that has changed. Within the last 2-3 years you've seen a huge resurgence in rhino trade. Organized crime is getting involved in the rhino horn trade. They use them for daggers in the Middle East and for traditional Chinese medicine...