Nov 10, 2011, 12:00 pm EDT
Few things — if any — in Washington, D.C., make sense these days.
This is the exactly the case as evidenced by the recent Senate hearings on Oct. 19, titled “Market Microstructure: Examination of Exchange-Traded Funds (ETFs).” The purpose of the meeting was to analyze the impact of ETFs on the financial markets.
Why have financial markets been so volatile? What are the reasons and causes behind the “Flash Crash” on May 6, 2010? Does anybody know? The Senate figured it would call in some experts to get to the bottom of it, but instead of answering questions, the Senate found a good scapegoat: the U.S. exchange-traded products or ETP market, which encompasses ETFs, and has around $1 trillion in assets under management. Read
Nov 9, 2011, 10:59 am EDT
Election Day 2011 is in the books. You may think it lacked fireworks, considering how big the prize will be in 2012, but here are some choice political headlines from yesterday’s votes across the U.S.:
Ohio voters repealed a controversial labor law limiting union rights.
Early results show a political newcomer ousted an entrenched and polarizing Republican in the Arizona state Senate, and Democrats in the swing state of Virginia saw their majority in the Commonwealth’s upper house erode.
Voters in Mississippi rejected a controversial ballot measure that would have defined human life as beginning at fertilization.
These are all weighty developments. Political junkies are probably already chewing on the juicy details, and a host of other outlets will be dissecting these and other specific issues at length over the next few days as results are finalized.
But the most important thing about Tuesday’s vote is, of course, what it means for the White House race in 2012. Read