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About 130 NYSE clients use its co-location services, according to the NYSE website, where the service is marketed as something of an advantage - "when proximity to the market can give your business model a competitive edge." That edge can translate into huge profits for high-frequency-trading firms like Goldman Sachs, which, according to Bloomberg, made more than $100 million in trading revenue on a record 46 separate days during the second quarter, or 71% of the time - partly thanks to high-frequency trading...
...Arnuk also asserts that co-location gives firms that can afford to do it an unfair advantage, because the exchange is "offering them things that the general investor does not get." (Firms pay for the server space they use: as little as $50,000 a year, but as much as $500,000 a month to co-locate at the NYSE and other exchanges, says Murray White, senior vice president of global technologies at the exchange...
...Gist: Antidepressant use in the U.S. doubled from 1996 to 2005, according to a new report in the August issue of Archives of General Psychiatry. During that decade - the last period in which data were available - the percentage of Americans using antidepressants surged from less than 6% to more than 10%, or more than 27 million people. The study, which surveyed nearly 50,000 people above the age of six, reveals that antidepressants - the most commonly prescribed class of medicine in the U.S. - are being used to treat not just depression and anxiety but disorders ranging from back pain...
...reaches 80% capacity. And with its lithium-ion battery placed under the vehicle floor, the Leaf has room for five people. While the Leaf will be built first at Nissan's Oppama plant in Kanazawa prefecture, production is also planned at the company's Smyrna, Tenn., plant. Nissan will use part of the $1.6 billion in loans it received from the U.S. government's stimulus package to fit the plant with EV assembly lines...
...meeting that goal, however, is the creation of infrastructure and incentives to convert consumers into EV owners. Nissan has plans to set up a charging network on its home turf of Kanagawa prefecture in 2010, which is part of a larger initiative to promote the use of EVs in Japan through government subsidies and tax exemptions. As part of Japan's stimulus program, buyers can receive $2,500 for scrapping a gas guzzler for a hybrid or an electric vehicle. (See the 50 worst cars of all time...