Breaking News

Category Archives: Blog

Financial news updates from John Lothian News.

The Media Challenge of 2010 Standard

Back in 2007 when we decided to build a wiki I was not sure what the future of journalism was going to look like.  Today, with many newspapers around the U.S. in bankruptcy, others being sold and magazines dropping like flies, it was clear disruptive change was running rampant. To put it in market terms, newspapers were in the open outrcy business in a quickly moving electronic trading era and did not know what to do about it.  I thought new media company and product models were called for and building MarketsWiki was our first step towards creating one. Today…

Response from Tom Griffo to The Atlantic magazine article “Did Christianity Cause the Crash?” Standard

John, I’m a bit surprised that you would give such prominence in your newsletter to The Atlantic magazine article “Did Christianity Cause the Crash?” Written by Hanna Rosin, the article is simply a misleading, agenda-driven and poorly reported piece of anti-Christian dreck. Maybe you were just looking to provoke a reaction. If so, you succeeded. It’s of course no secret that Christianity is increasingly under attack. (After all, the “holiday” season and “holiday” shopping are almost upon us, and before long we will be singing “holiday” songs around the “holiday” tree.) But to even suggest that Christianity has anything to…

Reflection on Pepper’s Closing from John Hagerty Standard

 From John Hagerty: It’s true, I went over there to get some lunch and they had already shut it down. I tried to get in the door but it was locked, the owner and his wife were in there and they gave me the same blank look ( total non recognition) that they’ve always given me, even though by my calculations I’ve been in there at least 1200 times in the last 23 years(23years x 52). That’s only allowing for 1 visit per week, in the early days it was 2 or 3 visits per week. God I’m going to…

Boy Scout Popcorn Sale Standard

As many of you know my sons Timothy and Robert and I are deeply involved in Cub Scouts and Boy Scouts. Every year to support the activities of the Pack, Troop and boys, the boys have sold popcorn to fund their activities. With my help, they are asking you again for you support. While there was no pie throwing at the FIA Expo this year, there is a good chance I could again be the target of pies with your support of Tim’s popcorn sales. You see, this past year I have become the Scoutmaster of Tim’s troop. The good…

Hedge Fund Rocktoberfest 2009 Standard

This year marks the sixth anniversary of A Leg To Stand On’s annual benefit, Hedge Fund Rocktoberfest, being held at B.B. King Blues Club in New York on Thursday, October 8. This event unites a rapidly growing number of A Leg To Stand On supporters for a unique night of rock-and-roll performances by members of the hedge fund and financial communities. Since 2004, Hedge Fund Rocktoberfest has proudly served as A Leg To Stand On’s signature fundraising benefit. Due in large part to the support received through this one night, A Leg To Stand On has been able to directly…

Tom Madden Arrangements Standard

The wake for the late Tom Madden will be held on Thursday, October 22 from 4 PM to 9 PM at Davenport Family Funeral Home at 149 West Main Street, Barrington, IL. Feel free to park in the Jewel parking lot across the street. The funeral for the longtime futures brokerage executive will be held on Friday, October 23 at 11 AM at St. Anne’s Catholic Church, 319 Franklin Street, Barrington, IL.

Northwestern University – Basics of Hedging Using Futures and Options Standard

In Northwestern University’s Basics of Hedging Using Futures and Options course, students will examine the use of exchange-traded derivative contracts to offset risk in the underlying cash market. Topics discussed will include the history and role of the exchange, the difference between the cash market and the futures market, futures contract specifications and settlement procedures, trade clearing and the margining process, as well as an introduction to price risk management. The course will be taught by instructors with significant academic as well as trading and industry experience. Students will be able to directly interact with the instructors and will benefit…

Tony McCormick to be named CEO of Boston Options Exchange Standard

The John Lothian Newsletter has learned that Anthony (“Tony”) McCormick, formerly an executive with Charles Schwab and a CBOE board member, will be shortly be named CEO of the Boston Options Exchange. McCormick will begin work at BOX, as the exchange is known, on Monday. McCormick is a long-time derivatives industry executive whose experience spans futures, options and stocks. He currently serves as a board member of the Options Clearing Corporation. He formerly was a member of the board of the Chicago Mercantile Exchange, where he served along side current TMX CEO Tom Kloet. TMX is the majority owner of…