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Overwhelmed by investors responding to every little tick of the market, companies that clear trades are easily seeing ten times the usual number of messages that signal the price at which investors want to buy or sell. Traders with algorithm-based strategies are jockeying for space at the computer servers closest to stock exchanges in order to shave milliseconds off their trades. This is what the market has come to: the distance an electron travels makes a difference...
...wonderful addition to Lucinda Williams’ discography. After 30 years in the business and three Grammys under her belt, she’s still got it. In fact, she’s got it more than ever. Her songs are more meaningful yet stay more upbeat than usual. The woman grows on you, and after a few listens, you’ll find that “real love” she’s talking about...
...Jimi Hendrix Experience” gone circus-digital almost like—hmm...well, the first video off the album, except replace Lil’ Wayne with Ludacris. With one touch of a magic button on the shades, we are transported to a techno-psychedelic dream world where, as usual, T-Pain is hanging at the bar and the strip club like he has no home. Usually singers brag about how all they do is show up anywhere—club, bank, or nursing home—and immediately attract five girls on each arm. But in this video...
...between their first and second years of school, MBA candidates typically intern in the hopes of securing a promised position after graduation. But this year, more students than usual are in a holding pattern, even after successful internships. Firms want to see how the economy looks at year's end before committing to a new class of recruits. "There's likely to be more 'as-needed' hiring," says Regina Resnick, Assistant Dean at the Columbia Business School, where about half of the graduating class typically pursues employment in financial services, whether in venture capital, private equity, investment banking or something...
...hopes to exploit in the 43,000-sq.-mi. (112,000 sq km) EEZ. Analysts say one reason is the daunting infrastructural difficulties facing any company that drills in Cuba: firms have to bring much more of their own capital, equipment, technology and on-the-ground know-how than usual. This year's severe hurricane damage in Cuba has made the situation worse. Canada's Sherritt, in fact, recently dropped out of its four-block contract. "Who else is going to be willing to actually come in and take the risk in Cuba?" says Benjamin-Alvarado. "In terms of proximity...