Pirrong says that speculation and hedging are linked: I go further and would point out that they are the two sides of the same coin.

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Further, many of them point out that the last time markets were at these nose-bleed levels, they fell sharply.

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The thoughts of ex-Amazon employee on the low-margin business is making the rounds of the blogs, but I wanted to point out one paragraph for further consideration, and how it applies to the world of smartphones in general, and Nokia in particular.

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More liberalisation would see it shrink even further, to the point where many would go out of business.

ECONOMIST: Hong Kong's stock exchange

They point out that such a strategy might have required a further taxpayer bailout and would have frightened private investors out of the market until the agency had completely liquidated its portfolio.

WSJ: Ireland 'Bad Bank' Tries to Make Good With Sales

The authors of the study point out ADHD can exist alongside other conditions such as conduct disorders, calling for further work to untangle the contribution these may make to criminal behaviour.

BBC: ADHD treatment 'may reduce risk of criminal behaviour'

The reporting is generally along the lines that Apple has been pressed into doing it by NGO and consumer action: the NGOs going on to point out that while improvements are good not enough is being done, there is still further to go.

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Helping to point out places like this and think through ways to move toward quality for students without locking the system further into its monolithic origins would be a big help now.

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