In 1 in 5 Families in U.S., No One Works

not working
 
 

(CNSNews.com) -- In 19.9 percent of American families in 2014, according to data released by the Bureau of Labor Statistics (BLS), no one in the family worked.

A family, as defined by the BLS, is a “group of two or more persons residing together who are related by birth, marriage, or adoption.  In 2014, there were 80,889,000 families in the United States,  and in 16,057,000 of those families, or 19.9 percent, no one had a job.

Please read more here.

New Orleans Metro Area Under Tornado Watch & Warning

It's 11 am in the morning here in New Orleans.  We've got thunderstorms and strong winds.  To top it off, the sky is pitch black too!

Please see more here.

Why Trader Nav Sarao Had To Be Destroyed: He Found A Way To Beat The HFTs At Their Own Game

 

by Tyler Durden

And while the world wonders how it is that (HFT firm) Virtu can have 6 years of trading with just one trading day lossSarao not only figured out how to outmanipulate the manipulators, but how to profit from it.

....Sarao continued:

 
 

ICE : The iceberg function on the CME isn't adequate for me, I hardly ever use it because it puts me at the back of the queue all the time. Hence, 2,000 needs to trade to get me out of 800 lots for example, My iceberg function is placed at a price and as soon as it is bid/offered at the price the iceberg will take all contracts at the price up to and including the number of my order. Again, there is a minimum volume box, so for example 1 can put 50 into it and put a sell ICE of 1,000 and then at that price every time the bid is more than 50, the ICE wilt take all contracts out until 1,000 is traded. This is a good way of catching spoofers, and et voila I can trade 1.000 lots at one price (following on from the above example),

 

The other orders I sometimes place during the day are slightly away from the market price and move up and down as the market moves with It. This Is to catch any blips up/down in the market so that I can make a small profit as the market comes back into line (almost immediately). These orders are placed rarely and only when I believe the market Is excessively weak or strong. Again, this was inspired by other traders I could see doing the exact same thing.

 

I am a member of the CME.

Alas, not any more, for one simple reason: you showed the broken system that it can be beaten, and explained how.

As a result, the only response the broken system had was to put you away for good.

Oh and as for the actual question whether Nav Sarao caused the Flash Crash, the answer is: of course not.

Please read more here.

Chevron Phillips Chemical: 3,000 Jobs with Six-Figure Salaries

 

A representative from Chevron Phillips Chemical Co., told a crowded room of community college students that her employer needs to fill 3,000 positions in the coming years.  Startting salaries can top $100,000.

Please learn more in the Wall Street Journal.

Nobel Laureate Stiglitz: "U.S. Economy Not Working for Most of America"