Common complaints on social media include that securities refinancing could facilitate short selling, intensify downward market pressure and put retail investors in a disadvantaged position as only those with securities assets worth at least 500,000 yuan ($69,099) are eligible to borrow shares. "Blam...
Newsom, a first-term Democrat, has previously urged Californians to use 15 percent less water. He told water agencies on Monday that those efforts had not been enough. Last year the governor was hit with sharp criticism and a failed recall effort over his harsh measures in respo...
The longer the maturity of the government bonds, the higher the capital losses for the financial intermediaries, and the more pronounced the adverse effects on the economy in case of a financial crisis. Long term government debt is commonly thought of as stabilizing because of lower roll over ...
Talkin' term limits: insurers--smarting from past losses--are showing an increasing amount of restraint in underwriting environmental risks. Buyers can expect shorter terms and more fine print in the terms and conditions. Science and societal pressures are partly to blame.(SPECIAL REPORT: ...
Rather, decisions are dominated by short-term financial considerations that do not reflect biophysical realities or prioritize long-term sustainability. Norms and values, and the moral and ethical systems in which they are embedded, may have acted to curtail such unbridled self-interest in the past...
An example: Metallgesellschaft in the early 1990s sold long-term commitments to deliver gasoline and hedged the exposure thereof by rolling over short-term futures contracts. The company assumed that futures markets remain in backwardation. When the futures market turned into contango, the company was...
We estimate that warming over the last two decades has required these lizards to increase their energy intake up to 40% to offset metabolic losses caused by rising temperatures. Our results show that recent increases in temperature are sufficient to exceed the thermal and metabolic limits of ...
They must not take up more than one seat on the bus. They must not ever ask for more. In short, you must be perfect. Robotic. Even if you are a professional athlete who performs for millions of Americans, playing a game in which aggression, testosterone, and energy are rewarded (...
close proximity, risks precipitating a steep decline towards a civilization-crippling condition. Other writers have also commented on the similarities between the Earth and the human system, including James Lovelock, the originator of theGaia hypothesisand an early user of the term “planetary ...
Understanding that poor performance can cause redemptions, hedge fund managers refrain from making investments that might lose money in the short term, even if a profit could be realized in the long run.3 In this paper, we offer an alternative explanation for the limits of arbitrage. We high...