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Good points about the difficult nature of the fight to protect civil liberties. But is it not the responsibility of our government to selectively deny rights to those individuals who break our democratically established laws? You wouldn't argue that our civil liberties are trodden on when a...

I will not attempt to correct your flawed reasoning (I doubt it would help you), but let me correct you on one thing. Jefferson never said, nor implied, that all men were equal; but that they were created equal. Huge difference.

isaac000, Thank you for the thoughtful comments on this issue. Your immersion in both cultures provides the best perspective, and your description of this situation has the distinct sound of truth.

Only a person without an even remote understanding of macroeconomics could make such a moronic assertion regarding Greenspan's intelligence, whether you approve of his leadership at the Fed or not. Any person who has studied economics and then watched a single Humphrey-Hawkins testimony, cannot...

To clear any ambiguity.... Public debt rankings Rank-Country-Public debt(% of GDP)-Date of Information 1 Malawi 228.30 2004 est. 2 Lebanon 177.90 2004 est. 3 Japan 164.30...

This could be the most idiotic statement of this entire thread. The one common attribute among every successful person I know, and I know many, is a constant desire to learn and to improve. This want for improvement is driven by the desire to always be the best at what they do, coupled...

I do not know where you get this opinion; your experience, or understanding, in this matter must be extremely limited. Mine is not. Of course bid/offer spreads and depth of market are components of the true transaction cost, but the exchange fee structure of the US exchanges ensure that...

The only reasons why anyone ever does business in any pit are 1. the only forum to execute the trade, or 2. massively reduced transaction costs (eg CME emini SP vs pit SP, eCBOT bonds vs pit bonds, emiNY crude vs Nymex crude) In fact, in the US there has been a concerted effort by the futures...

The Nymex membership are all well aware of tremendous edge they have in maintaining their closed marketplace which allows them to continue to profit prodigiously at the expense of the energy trading public. I find their commitment to open outcry extremely short sighted because it is only a...

You mean front running isn't allowed on Nymex.... Well I'm not trading there then. To answer the earlier post about the price of CME seats relative to Nymex: after the IPO, CME seats no longer represent equity (ownership) in the exchange, but only trading rights (floor access an exchange fee...

I would think very carefully before laying down your money for a CME seat. Prior to the IPO, a CME membership represented actual equity in the exchange in addition to special trading privileges. With the IPO, the equity part of the membership was stripped in the form of CME 'A' share, while...

I would argue that cheaper, better redundancy can be offered by multiple electronic systems. Having multiple backups in several locations can also allow an exchange to avoid a shut-down caused by some catastrophe at one location. Having several years of floor experience, I can assure you...

Does anyone out there trade the IPE direct using TT? If so, through what clearing firm? I've heard that the exchange is not very stable, but volume keeps growing. I think most people are starved for an efficient electronic way to trade energy products so as to not have to deal with the...

http://go.reuters.co.uk/newsArticle.jhtml?type=reutersEdgeNews&storyID=789844&section=finance&src=rss/uk/featuresNews "LONDON (Reuters) - Volumes of all-electronic London Brent crude futures trade have hit record levels, while the rival open outcry pit in Dublin has languished in a summer...

I once asked a realtor in Chicago if he would negotiate on the 6% commission charged by his firm. He told me he could do that, but then no other real estate brokers in town would do business with him. So in other words, if a firm tries to undercut the standard commission rate on their...