why transparent government proceedings increase market efficiency
Tag: markets
China corpse brides
Chinese tradition demands that husbands and wives always share a grave. Sometimes, when a man died unmarried, his parents would procure the body of a woman, hold a “wedding” and bury the couple together.
Hacking air miles
maybe we will see transparent pricing one of these days.
Stonebraker on fast databases
If your infrastructure was built with 1s latency, it’s just impossible to continue, because if the people arbitraging against you have less latency than you do, you lose. A lot of the legacy infrastructures weren’t built for sub-millisecond latency.
Nathan Eagle on mobile infrastructure
in kenya, people transfer money with their phones. wanna place a bet when their informal, mobile infrastructure will surpass our hide-bound legacy infrastructure in efficiency and resilience? i would say between 5-10 years.
Reservations Arbitrage
Primetimetables.com books tables at top Manhattan restaurants and resells them. Buyers pay a $450 annual membership fee plus about $30 per reservation.
Contagious Free trade
The Japanese are concerned about the US-South Korea free trade agreement, and might seek their own trade deal with the United States. The Japanese are afraid of being “left out in the cold.” I’ve also read speculation that a South Korean trade agreement might make Congress look more favorably upon free trade agreements with Latin America. So why might one free trade agreement lead to others?
hopefully, they are. would provide a good counterweight to all the mercantilist and protectionist clowns
china has its first brush with virtual currencies. at $900m trading volume, still a couple orders of magnitude out, but the government got scared nonetheless
Foreign transaction fee ripoff
I just got off the phone with Citibank after noticing a bunch of “Foreign Transaction Fees” on my bank statement — turns out that when you use your credit or debit card outside of the US, Visa and Mastercard charge 3% in transaction fees on the spend. It doesn’t matter if you use an ATM, buy over the Internet/phone, or walk into a store — the credit-card companies always dip their beaks.
the financial industry is totally ripe for disruptive innovation.
Markets Work, Even in Oil
oil consumption in the OECD fell 0.6% in 2006. It marks the first annual drop in more than 20 years among the OECD countries, which drain close to 60% of the 84.4M barrels of oil used globally each day.
Gregor J. Rothfuss 