Here is an email: Too hot a market: How energy producers manipulate California (Published Sept. 22, 2000) The priciest place to shop this August in California was in Pasadena. There at the California Power Exchange, where much of the state's electricity is bought and sold, prices that utilities paid for power (an average $166 per megawatt) were up fivefold from the previous August ($32). What is happening? Among other things, too much power on hot days is being purchased in the near-panic environment that develops in the hours before a possible crisis. Too little is being purchased as it should be -- days, or even months, in
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A: Editorial from Today's Sac Bee
Here is an email: Hi Amy. Since you've taken over the responsibility for verbally confirming trades booked to John Arnold, Larry May, Mike Maggie, Dutch, and Andy Zipper, I just wanted to clarify that part of this responsibility includes clearing the trades in Deal Capture/Structure. When you verbally confirm a deal, you have to click on Counterparty and Verify the deal, noting with whom you verballed. If you don't do this, the confirms group has no way of knowing whether or not you've verbally confirmed the deal. Also, in keeping with our global standards for sending out confirmations, verballing should be done on Trade Day - although we give you until noon on T+1 before sending out your deals. At that point, any trades that are not verbally confirmed will be generated and sent. (This does not preclude the need for you to follow up with deals not yet verballed). The exception to this is, of course, if you have identified an economic discrepancy and "Actioned" the deal as such in TAGG - in this case we will wait until the Action has been cleared in TAGG. Me or someone in my group can come over an show you the process in TAGG if you're unfamiliar with it. (or Derek Bailey can show you too) Give me a call if you have any questions or if this deviates from your understanding of the process. Thanks, Diane 3.0443 PS - Also, can you or Errol let me know who in Risk is your backup for this function, as well as the brokered deals you check out? Thanks.
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A: Verbal confirmation for direct trades
Here is an email: Get on the band wagon for soccer: from the Washington Post....."Now the time is right. Because 1) Soccer fever is sweeping the country like malaria. And 2) We can get a short-term lease on a quality vehicle. And that's good, considering we're in a single-elimination situation, and we play 83-time winner Germany on Friday. Not to put too fine a point on it, but many Germans rank soccer behind only "full scale war" as the favorite sport of the country. (Hey, how about France, huh? Talk about gagging on the fromage! Three games, no goals. Au revoir, Pierre. Isn't it just like the French to go out early and leave it up to us to beat the Germans?)" USA USA USA
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A:
get on the bandwagon