Greasing the Wheels of Capital

Michael Giberson According to the New York Times, Institutional Investor’s Alpha magazine is coming out today with its annual list of the the top 25 hedge fund earners. Cue the weeping, wailing, and gnashing of teeth: “There is some question as to what the hell they are doing that is worth” that kind of money, … More Greasing the Wheels of CapitalMore Greasing the Wheels of Capital

Texas Newspapers Asks, “When is Electricity Trading Illegal?”

Michael Giberson In the Fort Worth Star-Telegram, Jim Fuquay tries to answer the question that may be on the mind of power traders in Texas and elsewhere: When is electricity trading illegal? “They exercise market power. They just come right out and tell you,” [energy market consultant Steven] Stoft said of his experience working for … More Texas Newspapers Asks, “When is Electricity Trading Illegal?”More Texas Newspapers Asks, “When is Electricity Trading Illegal?”