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...taboo to discuss, the skin-color barrier has historically been just as daunting for people of color as the racial barrier. A 2004 study showing that light-skinned immigrants in the U.S. earn more money on average than darker-skinned immigrants confirmed what many African Americans have privately known for years: that there are benefits simply for being a minority who is fairer. Traditionally, "beauty barriers" have almost exclusively been broken by lighter-skinned blacks - from the earliest black sex symbols such as Lena Horne and Dorothy Dandridge to the first black Miss America, Vanessa Williams. This is why Sims...
...Securities & Exchange Commission (SEC), concerned about the exponential growth of hyper-frequency trading, announced on Tuesday, Aug. 4, that it was considering a ban on one form of this activity, known as flash trading. But it has said nothing about an even bigger element of high-frequency trading, known as co-location, even as the New York Stock Exchange (NYSE) is building two new facilities to house such traders...
Here's how firms capitalize on one aspect of high-frequency trading known as co-location: after paying a fee to an exchange, firms are allowed to co-locate, i.e., rent server space within or near the NYSE or another exchange's computer servers to get access to trading statistics faster - just milliseconds faster - than competing investors. This is just one of the techniques that have come to light in recent weeks as the result of a paper by Sal Arnuk and Joseph Saluzza, co-founders of Themis Trading...
...profits - $824 million on $18.4 billion in sales - were down 17% from 2007, due mostly to a whopping $2.4 billion write-down linked to construction troubles with its Finland reactor. The Finnish project was supposed to showcase Areva's third-generation earthquake- and missile-proof design, known as a European Pressurized Reactor (EPR). Areva beat out Westinghouse and General Electric-Hitachi in 2003 to win a contract with Finland's main utility Teollisuuden Voima Oyj (TVO) to build the plant. GE-Hitachi, Mitsubishi and Westinghouse all sell their own third-generation reactors, which are more efficient and safer than previous...
...Following the collapse of the Soviet Union in 1991, an independent church, known as the Kiev Patriarchate, was formed in Ukraine alongside the Moscow Patriarchate. It remains canonically unrecognized, but surveys show it has a comparable number of followers to the Russian branch of the Church. Together, the members of both branches make Ukraine one of the most religious countries in Europe; more than 60% of Ukrainians have been brought up in the Orthodox faith...