…turnaround has been sudden — oil hit an 18-month high of $87.15 a barrel during trading on May 3. The plunge in oil extended to the New York Stock Exchange,…

…when the same person describes the recent crisis as a liquidity crisis and says that tighter regulations will reduce liquidity. A fifth meaning of “liquidity” is “market thickness” or “trading…

by Linda Beale Duffie on speculative trading (Part one of a series) In today’s Wall St. Journal, Darrell Duffie, a finance professor at Stanford’s business school, argues “In Defense of…

…lead people to argue that high trading volume is unambiguously good. I don’t think that people who know the various meanings of “liquidity” are confused, but I do think that…

…avoid political conflicts of interest, which is a different issue from insider trading. Joshua Marshall – who understands this distinction – promises “more soon”. Update: Richard Drezen reports: According to…

…a barrel last week as fuel prices hit record highs on tight supplies and pulled nearby crude prices higher, trading in the contract of US light sweet crude for June delivery expired….

…programs . . . Congress enacted legislation authorizing the Medicare and Medicaid programs in 1965 because the insurance industry didn’t want the elderly and the poor. Oddly enough, today the…

…just 75¢ per $1000.” AB: Not much of gain there. What does it do for other programs? “Largest ACO Program Saves Piddling Amounts for Medicare,” PNHP. As taken from “Estimated…

…and misuse. To help the 340B Program better serve vulnerable patients, J&J is implementing reasonable, standard business practices used across other government programs and contracts. J&J’s use of reasonable, standard…

…as matter of law, withdraw from participation in the program—but argue that as a matter of political reality, they cannot. Participation in the Medicaid program is simply too popular in…