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 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. 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. 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. 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. A guide to New York, London, Milan and Paris Fashion Weeks [Telegraph.co.uk] Febr. 9. Our low-down on the shows to see, names to drop and disguises to don for New York, London, Milan and Paris Fashion Weeks. GM outlines Opels U-turn to profitability [FT.com] Febr. 9. US carmaker reveals restructuring plan that would see it invest 11bn in its Opel business over five years while cutting jobs and capacity in a bid to become profitable by 2012 Season shifts 'alter food chains' [BBC NEWS] Febr. 9. The earlier arrival of spring in the UK appears to be throwing food chains out of synchronisation, a study suggests. 'War on Terror' to last as long as Cold War [Telegraph.co.uk] Febr. 9. The ''War on Terror'' is likely to last as long as the Cold War, a senior Government security official has warned.
