Reuters blog archive
from Unstructured Finance:
By Matthew Goldstein
When you think of Cleveland, finance isn't the first thing that comes to mind.
But the Cleveland Fed is breaking some new ground with its new and improved financial stress index. In time, I wouldn't be surprised if the Cleveland Financial Stress Index becomes a regular go to index for traders--especially macro and volatility types. And it probably won't be long before someone is modeling some algo to track the CFSI performance if it hasn't already been done.
The first notable innovation with the Cleveland stress index which previously had been published monthly, is now being updated daily. The daily updates will give economists and traders a better real-time look at what is going on in the financial landscape with risk building up in the system.
from India Insight:
The members of Praagaash, an all-girl band in Kashmir, split up this week after an influential cleric deemed their music un-Islamic. Zila Khan, one of India’s most popular sufi singers and daughter of sitar maestro Vilayat Khan, spoke to Reuters about how singing is closest to worship and meditation and how children should be allowed to sing.
Here are excerpts from the interview:
Questions about Grand Mufti of Kashmir and Islam are best answered by experts in the field of religion. I am an expert in music, it will be no use pondering on subjects that I am not an authority on. There will be more experts to say better things on this issue. I can, however, talk about music, on my journey as a singer and the issue of women’s rights.