In early 2001, U.S. stock & option markets began quoting prices in decimal increments rather than fractions of a dollar. At the same time, the minimum price increment, or tick size, was reduced to a penny on the stock markets & to 10¢ & 5¢ on the option markets. Although many believe that decimal pricing has benefited small individual (retail) investors, concerns have been raised that the smaller tick sizes have made trading more challenging & costly for large institutional investors, including mutual funds & pension plans. The financial livelihood of market intermediaries may also have been negatively affected by the lower ticks. This report assesses the effect of decimal pricing on retail & institutional investors & on market intermediaries. Charts.
A comprehensive resource on the formation of tribal business entities. Hailed in Indian Country Today as offering "one-stop knowledge on business structuring," the Handbook reviews each type of tribal business entity from the perspective of sovereign immunity and legal liability, corporate formation and governance, federal tax consequences and eligibility for special financing. Covers governmental entities and common forms of business structures.
Abstract: A companion volume to the General Accounting Office's report on the subject of food safety and quality, this book contains a more detailed description of the food safety and quality activities of the twelve federal agencies discussed in the first volume. The book is arranged by agency and deals with food safety activities that assure that food is safe, sanitary, wholesome, and properly labeled and with food quality activities that establish standards of quality and condition, grading of food products according to standards, and inspecting food products for compilance with the standards.