Word: exchangee
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Few start-ups will have emerged better from the dotcom meltdown than Betfair. Launched in 2000 by Britons Andrew "Bert" Black and Edward Wray, the London-based online betting exchange has since grown into the world's largest. Rather than play house, Betfair matches bettors with odds offered by other...
Sandor advocated an emissions trading program similar to the one he'd put forward for acid rain, and his thoughts helped shape the Kyoto Protocol, which requires developed nations to reduce their emissions and created a carbon trading and offset market to speed that process along. In the late 1990s...
Despite the fact that CCX is entirely voluntary - meaning the U.S. companies that participate in it aren't being forced to make emissions cuts - the market has been a success. Today, he notes, CCX has more than 400 corporate members, who last year traded 23 million tons worth of carbon...
Even a disciplined approach, though, allows wiggle room to get more or less aggressive. Right now it pays to play things safe, says Richard Bernstein, chief investment strategist at Merrill Lynch: "There is nothing wrong with cash." Yet be warned: yields on money-market funds and bank CDs are low...
More than three years after the assassination of Lebanon's former Prime Minister Rafik Hariri, charges and counter-charges over alleged Syrian responsibility continue to haunt the Middle East. But the outcome of the investigation into the killing of a leader who stood up to Syrian influence in his country...