Euromoney (October Issue)
Warning some stock exchanges could face downgrades, ratings agency S&P cautioned that they “have become more prone to operational risk.” Fragmentation is one key challenge. “There are now 16 SEC-registered securities exchanges in the US and more than 50 alternative trading systems, whereas before 2005 the equities market was dominated by NYSE and Nasdaq. It is this interconnectivity that is fueling operational risk. When Nasdaq halted trading in August, for example, other stock exchanges, including NYSE, Bats and Direct Edge, were also forced to stop trading in Nasdaq-listed securities.”
Tags: BATS, Challenge, Direct Edge, Downgrades, Fragmentation, Interconnectivity, Nasdaq, NYSE, Operational risk, S&P, SEC, Securities, Stock exchanges, Trading, U.S.
The New York Times (October 23)
While other countries make “progress from generation to generation,” the U.S. is falling behind in terms of literacy, numeracy and problem solving skills. “In literacy, for example, about 12 percent of American adults scored at the highest levels, a smaller proportion than in Finland and Japan (about 22 percent). In addition, one in six Americans scored near the bottom in literacy, compared with 1 in 20 adults who scored at that level in Japan.” Other nations realized the knowledge economy would offer very “few jobs for workers with mediocre skills…. Those countries, most notably Finland, broadened access to education, improved teacher training and took other steps as well.” The U.S. has yet to act with any sense of urgency.While other countries make “progress from generation to generation,” the U.S. is falling behind in terms of literacy, numeracy and problem solving skills. “In literacy, for example, about 12 percent of American adults scored at the highest levels, a smaller proportion than in Finland and Japan (about 22 percent). In addition, one in six Americans scored near the bottom in literacy, compared with 1 in 20 adults who scored at that level in Japan.” Other nations realized the knowledge economy would offer very “few jobs for workers with mediocre skills…. Those countries, most notably Finland, broadened access to education, improved teacher training and took other steps as well.” The U.S. has yet to act with any sense of urgency.
Tags: Economy, Education, Finland, Japan, Literacy, Numeracy, Problem solving, Progress, Skills, Teachers, Training, U.S., Urgency, Workers
