Archive for December, 2014

The SEC Seeks to Level the Playing Field for Investor

December 31, 2014

The Wall Street Journal, Saturday/Sunday, December 27-28

SEC to Close Gap in Filings’ Release

Lawmakers Expressed Concern After Studies Showed Rapid-Fire Traders were Given an Edge on Data

“WASHINGTON–The Securities and Exchange Commission, seeking to level the playing field for all investors, plans to fix a flaw in how it electronically distributes corporate regulatory filings that has allowed rapid-fire traders to get a first look at potentially market-moving news.”

According to this news article, traders can “exploit” the time differential in lag times between direct feeds and those on the agency’s website, not a level playing field.  

For more information about this idiom, please go to http://www.sportsidioms and type in the idiom in the “search” area.


Vladimir Putin’s Playbook: Using Military Force Inside Another Nation

December 31, 2014


Aspen’s Homeland Security Program, by Dan Bayer

“On Russia/Ukraine/NATO, for example, Chairman of the Joint Chiefs General Martin Dempsey told Lesley Stahl from ’60 Minutes’:  ‘You’ve got a Russian government that has made the conscious decision to use military force inside of another sovereign nation to achieve its objectives-first time, I think, probably, since 1939…(Vladimir Putin) has a playbook that has worked for him two or three times.  And he will continue to use it.”

A playbook is a sports idiom denoting a book of plays for the team. For more information, go to and write in the idiom playbook and click for the original meaning of the term and the  derived uses, including sentences.  In the sense of the above article, President Putin’s  military force inside Ukraine is just one tactical move in his “playbook.”

I just heard a comment about Vladimir Putin: He was born on third base, but thought he hit a triple.  Third base is an advanced position in baseball.

Game Plays

December 14, 2014

Summer 2014

Wall Street Journal Magazine


Game Plays: Investing in the New Sports Economy




The above script is on the cover of the summer 2014 WSJ magazine;  it shows a pitcher throwing a baseball at the reader.  On the baseball is a $500. dollar U.S. bill with a picture of William McKinley, president from 1897 to 1901.

It’s a great cover.  If we are interested in reading about investing in the new sports economy, we should read the magazine.

Well Below Par

December 11, 2014

The Economist November 29th, 2014

Well Below Par

Over-reliance on oil spells trouble for Nigeria

“When the price of oil tumbles, you should worry about a country that relies on the stuff for 75% of government revenue and 95% of exports.  That country is Nigeria, Africa’s biggest economy.  Earlier this year oil was selling at well over $100 a barrel. It is below $80 now.  Nigeria’s currency, the naira, is diving; the central bank is shedding foreign-exchange reserves in its defence.  On November 25th it hiked interest rates by a percentage point to 13% (the first increase in three years) and said it had reduced its target rate for the naira (against the dollar by a further 8%.  That will not be the end of the story…”

Par is a golfing term for a base score for a hole, for example par 3.   Nigeria’s oil has fallen below par because it is below expectations.