Michael Giberson The Washington Post has a confused-but-useful article on hedge funds on this morning’s front page. From the second paragraph: Hedge funds hold unparalleled sway over the financial markets, as confirmed by the recent unraveling of $20 billion in Bear Stearns funds. Portrayed as the new masters of the universe by author Tom Wolfe, …
Another Confused-But-Useful Newspaper Story on Hedge Funds Read More »
Michael Giberson A number of prominent European energy economists, analysts and policy makers (and a couple of outsiders) are blogging at the “EU Energy Policy Blog.” Among the Europeans are Andris Piebalgs, Richard Green and Yves Smeers; two American contributers are Paul Joskow and Steven Stoft. On July 1, William Nuttall posted “Why is Nuclear …
Michael Giberson The secondary market for tickets to sports events is hot. Once upon a time the market was a bunch of guys standing curbside waving tickets in the air. Or, depending on local antiscalping laws, making furtive eye contact and calling in a low voices. There were brokers, too, for the more upscale crowd. …
Online Secondary Ticket Markets Can Be Good for Teams and Fans Read More »
Michael Giberson One difference between regulated and unregulated utility companies is, apparently, that unregulated power suppliers use more sophisticated fuel purchasing strategies than their regulated counterparts. At least that is the message I get from this Platt’s Coal Trader article, “Deregulated utilities may use stocks as bargaining chips“, reporting on a statement made by Arch …
One Difference Between Regulated and Unregulated Utility Companies Read More »
Michael Giberson The New York Times, “Congress Turns to Energy, and Lobbyists Arrive“: With gasoline prices hovering near all-time highs, the Senate on Monday began debating a sprawling energy bill that has already kicked off an epic lobbying war by huge industries, some of them in conflict with one another: car companies, oil companies, electric …
Michael Giberson Ken Silverstein has a column about restructured retail electric power markets up at EnergyBiz Insider. He’s collected a variety of viewpoints and generally provides an update on the current state of things. He saves the fun part until nearly the end, where he quote Andrea Morrison, regulatory affairs director of Strategic Energy: With …
Michael Giberson TechNewWorld has an article about the barely exploited potential for banking services in virtual worlds, along with a discussion of the varying policies of virtual worlds toward 3rd-party financial services and exchange rate policies between virtual and real-world currencies. Many banks and companies are getting in on the ground level, building up a …
Banks and Exchange Rate Policies for Virtual Worlds Read More »
Michael Giberson Last week, a Dutch “reality” show was announced in which three patients in need of a kidney transplant would compete to acquire a kidney to be given by a living donor. The proposal generated a storm of commentary, for and against, only to be revealed as a hoax of sorts, a publicity stunt …
Michael Giberson Via the Associated Press and San Diego Union-Tribune: PHOENIX – Saying they won’t hurt Arizona utility customers to benefit Californians, [Arizona] state regulators on Wednesday rejected a utility’s plan to build a $581 million cross-desert power transmission line to carry electricity generated at plants in Arizona to customers in California. In an essay, …
Michael Giberson Felix Salmon writes that “It’s Time for Political Event Swaps.” Why? Well, he says, “companies with political-event risk get to hedge it, while hedge funds and other investors get to invest in an asset which is completely uncorrelated with anything else.” If you’ve been keeping up with your financial econ studies, you know …
Outsourcing the Corn Lobby to the Hedge Fund Industry Read More »
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