Academics stand by theory of correlativity
The Yale professors who sparked a rush into commodities with their 2006 paper on negative correlation say the volatile markets do not disprove their theory
2010. February 9. 21:40
Sants resignation leaves confusion at FSA [FT.com] Febr. 9. Hector Sants has resigned as head of the City watchdog, in a dramatic move that throws the direction of financial regulation into question BofA and Citi warned over credit ratings [FT.com] Febr. 9. The planned overhaul of US financial rules prompted Standard&Poors to warn it might downgrade the credit ratings of Citigroup and Bank of America on concerns that the shake-up would make it less likel... Private helicopter rescue consortium chosen [FT.com] Febr. 9. An industry consortium is to take over the running of Britains civil search and rescue missions in what will be one of Labours biggest privatisations Boltons new China investment trust unveiled [FT.com] Febr. 9. Trust aims to raise around 630m to invest in China England hockey raise safety fears [BBC NEWS] Febr. 9. England's hockey team criticises the sport's governing body for failing to detail its security plans for the World Cup in India. Soldiers killed in Afghanistan named [Telegraph.co.uk] Febr. 9. Two soldiers whose deaths in Afghanistan took the British toll from the conflict past that of the Falklands War have been named. South African orphanage fire kills 13 children [Telegraph.co.uk] Febr. 9. A fire at an orphanage in the KwaZulu-Natal province of South Africa has killed 15 people, including 13 children. Google unveils new social network [BBC NEWS] Febr. 9. Google launches a social network called Buzz, pitting it directly against rival sites such as Facebook and Twitter. S Lanka parliament dissolved [BBC NEWS] Febr. 9. Sri Lanka's President Mahinda Rajapaksa dissolves parliament to set up early elections, a day after his main rival was arrested. Obama steps up pressure on Iran [BBC NEWS] Febr. 9. US President Barack Obama says the US and allies are developing "significant sanctions" against Iran over its nuclear programme. Googles Buzz to take on Facebook [FT.com] Febr. 9. Google has mounted its most ambitious assault on the booming social networking business in an attempt to win back ground lost to fast-growing Facebook UK soldiers killed in blast named [BBC NEWS] Febr. 9. Two British soldiers killed by an explosion in Afghanistan on Sunday are named by the Ministry of Defence.
