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Reuters blog archive
from Unstructured Finance:
Tyrone Gilliams fights the law
By Matthew Goldstein
It's been a while since we last wrote about the legal struggles of Tyrone Gilliams, the Philadelphia commodities trader/hip-hop promoter/wannabe reality show star/self-styled preacher, whom federal authorities have charged with scamming investors out of $5 million. But the University of Pennslyania graduate is making news again with the scheduled start of his Jan. 22 criminal trial in New York federal court.
Gilliams will be on trial with his former lawyer Everette Scott. Both men are charged with working together to "devise a scheme and artifice to defraud" investors out of their money that was supposed to have been invested in Treasury Strips--a derivative of U.S. Treasury bonds the separates the coupon and principal on the underlying note into different securities.
For the details of where the investors' money allegedly went, read our earlier special report from May 2011 and this feature article from last year in Philadelphia magazine.
Federal prosecutors don't appear to be taking the trial lightly. Just a few weeks ago, prosecutors revised the indictment against Gilliams and Everette to spell out more details of how money that was raised to invest in Treasury Strips was largely misappropriated. In a court filing, prosecutors indicated that they could call as many as two-dozen witnesses.
from MacroScope:
India inflation consistently tough to pin down
High inflation is a drag on economic growth in the world’s second most populous country and matters immensely to over 400 million people, or over a third of India’s total population, who struggle to earn enough to feed their families three meals a day.
The particularly volatile nature of inflation in India has confounded policymakers and small business owners and has left economists, who are often running complex statistical models based on a dearth of reliable data, with a poor forecasting record.
from Deepti Govind:
India inflation consistently tough to pin down
High inflation is a drag on economic growth in the world’s second most populous country and matters immensely to over 400 million people, or over a third of India’s total population, who struggle to earn enough to feed their families three meals a day.
The particularly volatile nature of inflation in India has confounded policymakers and small business owners and has left economists, who are often running complex statistical models based on a dearth of reliable data, with a poor forecasting record.
from The Observatory:
The science of performance
Does sex diminish athletic vigor? Does athletic tape enhance it? These are just a few of the questions that one Reuters correspondent has sought to answer amidst the toil, tears, and sweat at the Summer Olympics in London.
Kate Kelland, who covers health and science news in Europe, the Middle East, and Africa for the wire service, has been on the performance beat since the opening ceremony, digging into the latest research on what might pump up or deflate an athlete’s game. Doping is the first thing that comes to mind, of course, and Kelland has had a number of posts on the matter.
from Anthony De Rosa:
Why is @Reuters yelling at me?
We conducted a survey of our @Reuters followers recently, and asked them this: sometimes the Reuters wire publishes alerts in ALL CAPS, usually when the news is urgent. Should we run them in uppercase and lower case on Twitter, as we would for normal conversation? What is more important?
The answer choices were: a) Receiving accurate news quickly even if that news is delivered in an "all caps" tweet or b) I’d like news to be reformatted from "all caps" before being sent, even if it takes longer.
from Saqib Ahmed:
Twitter is not the enemy
1 picture = 1,000 words
1 tweet = 1,000 stories?
It's the question mark that vexes the world's biggest news organizations. They have discovered how important Twitter is to news, but have become increasingly worried about how it's changing the way that they gather and report information. The result has been to clamp down on journalists' Twitter use when they could do just the opposite.
Sky's decision that its reporters should not retweet information that has "not been through the Sky News editorial process" and the BBC's policy to file copy into its newsroom as quickly as possible -- rather than sending a tweet -- are among the latest responses by traditional media houses to the perceived threat. But Twitter is not a threat as long as mainstream media can avoid worrying about it.
from Anthony De Rosa:
News agencies must evolve or meet extinction
Imagine you're a reporter and you suddenly witness a major news event occurring right before your eyes. Do you snap it to the wire, file a story to your website, or tweet it out to your followers? If you're at the AP, you damn well better not choose the latter.
In a perfect world, you'd want to do all the above, though your employer is going to likely want you to do the first two before you tweet. Today, Reuters is a lot more than just a wire service. We've built -- and are continuing to build -- what we think is the world's greatest news website, in the form of Reuters.com, and part of that is providing our readers with reliable and timely news, information, opinion and analysis.
from Funds Hub:
Morning Line-up: London quant funds, end of QE, death of stock-picking
News and views on the asset management industry from Reuters and elsewhere:
London funds seek an edge in 'quant' market - FT
from Funds Hub:
Morning Line-up: Accusations, higher profits and ETFs
News and views on the asset management industry from Reuters and elsewhere:
Funds accuse banks of manipulation - FT
