Public discussion, says Duffie, assumes that the clearinghouses would act likeexchanges, such as the New York Stock Exchange, by systematically reporting alltrades. “I`m sorry to disappoint, but most of the information about defaultswaps remains confidential even when cleared,” he said during an interview. Moreover, a clearinghouse can only clear standard transactions. But most of thecredit default swaps initiated by AIG, are not standard, and would never havebeen cleared, even if a clearing house had existed years ago. Presented in mid-February of 2009, the preliminary draft of the Duffie-Zhu paperis titled: “Does a Central Clearing Counterparty Reduce Counterparty Risk?” Thework is something of a departure for Duffie, who says he rarely writes a paperto meet the immediate needs of a policy debate, but felt compelled to weigh inbecause of the critical nature of the discussion. “During a research discussion over lunch, my co-author and I had a hunch thatthere was an important concept missing from the policy discussion.
We could notconfirm our intuition without building and solving a model. Once we did, it wasobvious that we should present our results in a new research paper,” he said inthe interview. Darrell Duffie is the Dean Witter Distinguished Professor in Finance at theStanford Graduate School of Business and Senior Fellow, by courtesy, at theStanford Institute for Economic Policy Research. (This story reports on research at the Stanford Graduate School of Business andappears in the April 2009 issue of Stanford Knowledgebase, the free monthlyinformation source for thoughts, ideas and research at the Stanford GraduateSchool of Business. For related research citations and to dig deeper, visit http://) Stanford Graduate School of BusinessHelen Chang, Copyright Business Wire 2009. Here are the Alan Bass NHL Entry Draft rankings for numbers 31-40:31.
Michael Stone- D, 6′3″, 206, 71-10-25-35-28, Calgary Hitmen, WHL, ISS #29He played with Karl Alzner, and is going to be a great top four defenseman.32. Corey Trivino- C, 6′1″, 170, 39-19-50-69-22, Stouffville Spirit, Jr. A, ISS #36Playing at BU next year, he is a great playmaker who will be a career second-line guy.33. Harri Sateri- G, 6′1″, 198, 2.99 GAA, .908 SP, Tappara, Finland Jr., ISS #5GThis guy could be a hit or a bust, as he has shown talent at times, but is inconsistent.34. Mitch Wahl- C, 5′11″, 175, 67-20-53-73-63, Spokane Chiefs, WHL, ISS #33He is often compared to Jordan Eberle, and is great on both sides of the puck.35. Tomas McCollum- G, 6′1″, 205, 25-17-6, 2.50 GAA, .914 SP, Guelph Storm, OHL, ISS #2GMcCollum is going to be a starting goalie at some point in his career, but it may take a good five years.36. Jake Gardiner- D, 6′2″, 170, 21-20-28-48-14, Minnetonka, USHL, ISS # 26He is very talented, but doesn’t have a great hockey sense and isn’t always smart on the puck.37.
Nicolas Deschamps- C, 6′0″, 173, 70-24-43-67-63, Chicoutimi Sagueneens, ISS #39He is good, but very inconsistent. He has all the makings to be a number two center in this league.38. Tyler Ennis- C, 5′8″, 153, 70-43-48-91-42, Medicine Hat Tigers, WHL, ISS #40He is like Patrick Kane, but less talented. People question his size, but it hasn’t stopped him from contributing offensively.39. Aaron Ness- D, 5′10″, 162, 31-28-44-72-16, Roseau, USHS, ISS #24He is a great two-way defenseman who may even be able to slip into a team’s top-three I have questions about his competition this year, though.40.
Maxime Sauve- C, 5′11″, 170, 32-14-19-33-8, Val-d’Or Foreurs, QMJHL, ISS #28This French player is going to be a good second or third line forward in the NHL.. Barcelona have signed Sevilla’s Seydou Keita.The Mali international only moved to Sevilla from Lens last summer, but he made such an impression that he was linked with several top clubs, including Premier League trio Arsenal, Liverpool, and Tottenham.Barcelona have now won the race for Keita’s signature with reports suggesting he cost in the region of 14 million euros.”My decision is very important because I had offers from lots of clubs, but I’ve liked Barca for a long time,” Keita said. “I don’t like talking because I don’t think you should talk too much when you’re not on the pitch.”I only want to say that I hope to bring a lot to Barca, as I have done with Sevilla.”Keita, whose arrival could pave the way for Portuguese playmaker Deco to leave Camp Nou, is looking to carry his good form into next season.Sevilla, meanwhile, have shown they are willing to let go of some of their top players. Which means Christian Poulsen, Daniel Alves, and Louis Fabiano may also be leaving Sevilla.. State-of-the-Art IP PlatformManages More Than 2 Million Minutes Per Day; Traffic Increasing By 10% MonthlyLOS ANGELES–(Business Wire)–XCast Labs (), a leading global provider of SaaS digital voiceand video solutions, today introduced version 3.0 of its highly-functionalDigital Voice & Video (DV&V) platform, a suite of fully-hosted business andconsumer communications products and services. “Unlike some other voice-over-IP (VoIP) providers who are struggling to stayafloat, XCast Labs truly stands alone in regard to its financial stability,service quality, support, functionality and cost,” said XCast Labs co-founderand CEO, Cliff Rees. He continued, “What makes XCast unique, is that our engineering team`s extensiveexperience in both IP and traditional telecom has empowered us to develop apatented technology that delivers a wide variety of fully integrated, reliableand scalable services at a much lower cost than our competition.