Word: traded
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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...
...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...
...waste of good beer. 8. FM: In 2002, you graduated from UCLA with a degree in Communications. Have you found any real-world uses for those boring classes you had to sit through? SBB: I think my time studying communications wasn’t mostly about a trade than it was about experiencing college, which was about self-exploration. I don’t pull out those series and things often, but I had a good time while I was there. 9. FM: In college you won Spring Sing, UCLA’s annual music competition. Twice. You sang...