There is some excitement around Yahoo's planned "Yootles" currency and group decision-making mechanism. Near the end of the above paper, one sees that the initial interest rate for Yootles will be set to 5.375%. This strangely precise level is 1/8th of a percent higher than' [...] In 1776 all public lotteries were consolidated in the Loterie Royale modeled on the very successful Lottery of the Roman States sponsored by the pope, and all private lotteries [...]
As VIX [the US equity implied volatility index] makes new multi-year lows, David Merkel at RealMoney [$] notes: "many investors have become yield hogs, and have sold puts and calls to increase income in a tough environment. This is [...]