May 2008

What Good Are Prediction Markets? Asks the CFTC

Michael Giberson The U.S. Commodity Futures Trading Commission is thinking about prediction markets and is inviting public comments on several questions as it attempts to sort out questions of public interest and appropriate regulatory treatment. (Now that I’ve mentioned that the CFTC is concerned with prediction markets, I’ll switch to the term the CFTC uses, …

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Would Making Insider Trading Restrictions Optional for Corporations Suffice?

Michael Giberson Chris Dillow at Stumbling and Mumbling considers the move of the UK Financial Services Authority to crack down on insider trading: The FSA is promising to crack down on insider dealing. No-one in the City feels the need to change his underpants. After all, what chance do public sector workers have of ever …

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Fishing for Red Snapper in the Gulf: Quotas and Derbies

Michael Giberson While Lynne was visiting Maryland in search of the perfect yarn score, I was in New Orleans for the Jazz and Heritage festival. I’ll share a photo or two once I have a chance to sort through them myself. In the meantime, I’ll share this article from the Monday morning Times-Picayune, which reveals …

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A Sheepy, Woolly Weekend, and Some Economics of It

Lynne Kiesling I spent the weekend with two friends at the Maryland Sheep and Wool Festival, the second largest sheep-based livestock and fiber festival in the U.S. It’s an overwhelming combination of county fair (complete with fair food), livestock show, livestock market, and fiber festival. It’s all about turning this into this And yes, I …

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