Tag Results for Wall Street (10)

  1. Derivatives and the Singularity

    In the weekend's New York Times, a can't-miss article from Richard Dooling on the economics of the singularity. In spite of its unlikely title, "The Rise of the Machines" offers the best explanation I've read on what exactly the heck a derivative is. So far a lot of stories discuss the bailout: is it wise? They focus on the effects of wall street on main street. They focus on the personal tragedies of financial titans as if we're trying to make schadenfreude our national pastime. But what's always elusive in these (otherwise satisfying) narratives about motivation is what …

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  2. Landmark Funding for Water Ship

    Today, Houston-based Water Standard Company announced an unprecedented funding commitment from two New York-based investment funds, which were so impressed with the startup's plan that they invested $250 million: that's arguably the largest initial funding in the history of the water industry. Water Standard's plan is to create a fleet of Seawater Desalination Vessels-- mobile, ship-based water treatment facilities that can churn out 300,000 cubic meters of drinking water per day. Water Standard CEO Amanda Brock explained to me how these ships could end the global water crisis. …

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  3. Financial firm launches trading software contest with $400,000 in prizes

    Interactive Brokers recently launched the third edition of its College Trading Olympiad. In the contest, open to undergraduate and graduate students from any country, participants have to elaborate a trading strategy and then write automated trading software to carry out that plan. The student whose software generates the biggest profit takes the top prize: US $100,000 in cash. The 2nd and 3rd places receive $50,000 each, and there are still several $10,000 and $1,000 prizes for the remaining participants. Interactive organized the Olympiad to findâ''and hireâ''talented engineers and scientists willing to work in the financial industry. Thanks to the competition the …

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