But under Bretton Woods the opportunities for arbitrage were so drastically limited that the value of the dollar was never clearly equal to the value of gold, which was governed by, pardon the expression, fiat rather than by free-market transactions. The lack of a tight link between the ...
■ As Buffett has said, never confuse a growing industry with a profitable one. One cautionary tale from the 2000s: Vonage, a pioneer in routing phone calls over the Internet. Business exploded over the past decade, but so did competition. Profits for everyone imploded, and the big winner...
The study categorizes species into four vulnerability levels: blue (least vulnerable), yellow, orange, and red (most vulnerable). Because red abalone are benthic (i.e., bottom-dwelling) species with limited mobility and are acutely susceptible to extreme events like marine heatwaves, these prized...
Banks, on the other end, have focused on the debtor-side interfaces where value creation has been limited and revenue sources are under pressure—for example, current accounts and cross-border payments. Overall, specialized financial-services providers—...
Until this time, my contact with the adult world has been limited to a few of my parent’s friends, my baseball coach, teachers, and relatives who view me as a noisy nuisance to be constantly reprimanded. At that moment, I grow up a little. Mr. Cohen makes pleasant talk about the ...
It would also require a build-up of sectoral expertise, while facing limited decision-making capacity in view of the global consensus required (see the inconclusive debates on sectoral approaches in the 2000s). Though not unthinkable, the current role of the UNFCCC/PA in global climate ...
(Santa's Village, Clark's Trading Post, Storytown), dramatic peaks and valleys, and lakes with crystal clear water perfect for summer swimming are just a few of the things that have families coming back year after year. The region is impressive to visit in the fall, especially the 34-...
Woodward, a pioneer at teaching action-adventure sports skills, runs eight overnight adventure camps in America. Each summer, young extreme athletes can hone their skills and bond with other campers they will soon ride pro with. Check out the schedule at Woodward Copper and inquire wh...
Though it’s housed in small premises and the seats are limited, Khaki still roasts and grinds its own coffee. Pundits have it that this is the only coffee house that lets you in to see how their coffee beans are roasted firsthand. ...
Or in short, the only real activity that seems to be going on still is day trading and arbing, no real above-board commerce yet. [ ] It bears mentioning that there has been a lot of bonafide innovation and traction around multisig security. This includes firms such asBitGo,GreenAddressan...