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Broadcaster Walter Cronkite, the `most trusted man in America`, dies aged 92 He wept as he announced John F Kennedy's assassination, shouted encouragement when the Apollo astronauts lifted off for the moon and was the nightly conduit of information on America's Vietnam war nig... Chicago ChronicleWorld TeamTennis Coach Suspended, Fined After Spat With Kastles NEW YORK -- World TeamTennis suspended and fined New York Sportimes coach Chuck Adams on Friday after his team - which features John McEnroe - and the Washington Kastles got into heated arguments over players getting hit by shots. Washington PostLegendary TV news anchor Walter Cronkite dies NEW YORK (Reuters) - former CBS News anchor Walter Cronkite, whose authoritative delivery of news events from the John F. Kennedy assassination to the Apollo moon landing and Vietnam War, made him 'the most trusted man in America,' died on Friday at age 92. ReutersWhy CDs are Killing Classical Music In 1996, american composer john Adams wrote a whirligig of a piece called 'Scratchband.' In its short running time, woodwinds and brass chase each other through thrashing figures so drunk on high spirits that the electric guitar, bass, and percussion can barely keep up. It would be the perfect track to play for anyone who thinks classical music is plodding or stuffy beyond saving-except for the fact that no one owns a legal recording of the music. It's not as though Adams is ashamed of his daring 12-minute essay in sound. He's simply been at a loss, for more than a decade, when it comes to identifying a major symphonic work or concerto that 'Scratchband' would make sense next to on an 80-minute CD. 'I've been kind of hedging,' Adams admits, 'because it's hard to find a spot.' NewsweekImproving the term structure of interest rates: two-factor models We consider a new approach for estimating the coefficients of the term structure equation in two-factor models. This approach is based on the fact that the risk-neutral drifts of the factors are directly estimated. Therefore, the market prices of risk and the physical drifts do not have to be either identified or estimated.In order to study the finite properties of this approach, we generate trajectories in a stochastic volatility model. We find that the risk-neutral drifts and the yield curves are more accurately estimated. Finally, we show the supremacy of this approach by means of US Treasury Bill data. Copyright © 2009 John Wiley & Sons, Ltd. Wiley InterScienceThe equity premium and the business cycle: the role of demand and supply shocks This paper explores the effects of the US business cycle on US stock market returns through an analysis of the equity risk premium. We propose a new methodology based on the SDF approach to asset pricing that allows us to uncover the different effects of aggregate demand and supply shocks. We find that negative shocks are more important that positive shocks, and that supply shocks have a much greater impact than demand shocks. Copyright © 2009 John Wiley & Sons, Ltd. Wiley InterScienceAsymmetric information, price discovery and macroeconomic announcements in FX market: do top trading banks know more? This study investigates information asymmetry in the foreign exchange market by testing the hypothesis that top trading banks possess superior information on the macroeconomy because they process greater order flow, which, according to the micro-structure literature, helps them aggregate the dispersed information and feel the general movements of the economy. Examining the information share of the banks in the Reuters EFX system using indicative GBP-$US data over 5 years, we find that the top 10 banks, out of 100 quoting banks in the market, have a monthly average share of over 70% of total market information, and around 80% during some US macroannouncements. These results suggest the possibility of private information over public news in the foreign exchange market. Copyright © 2009 John Wiley & Sons, Ltd. Wiley InterScienceBunnies bludgeon abysmal Broncos Beau Champion and John Sutton tore the Broncos' left-side defence to shreds as South Sydney waltzed to a record 44-12 massacre at Lang Park on Friday night. ABC.net.auThe Indian River Lagoon Activity Book (Paperback) newly tagged ``science`` The Indian River Lagoon Activity Book (Paperback)By St. Johns River Water Management district 3 used and new from $3.00 First tagged 'science' by brainiacbooks customer tags: science(3), childrens books, activity books, indian river, conservation, florida, estuary AmazonHartson resumes treatment Former footballer John Hartson resumes radiotherapy treatment for cancer and remains critically ill, say his doctors. BBC1 2 |
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