2nd TUESDAY of the month at 11:45 AM
The format for our meetings is that about noon the speaker begins the presentation, after being introduced by Bob Kirby. About half an hour later lunch is served, which doesn't stop the presentation. Questions for the speaker are during the presentation or after it, depending on the wishes of the speaker.
Lunch costs $12.00 and is served family style. There is no charge for showing up if you don't want to eat lunch.
High Frequency Trading and the Stock Market as Casino
Doug Orr, a professor of economics at City College of San Francisco has been teaching economics since 1982. He received his BA from Columbia University and his MA and Ph.D. from the University of Colorado. His areas of specialization are labor economics, urban and regional economics and environmental economics. His area of research for the past ten years has been on pensions and Social Security, and he has published articles in national and international journals.
Doug’s recent article in Dollars & Sense (a magazine that explains the workings of the US and international economies and provides a left perspective on current economic affairs) entitled The Big Casino: How to Reign in Stock Market Speculation, included a discussion of high-frequency trading as detailed in Michael Lewis’ recent book Flash Boys, and argued that the problem with the stock market as casino is not just that it is rigged to favor some gamblers, but that the problem is the existence of the casino in the first place.
Doug will summarize the mechanisms and impact of high-frequency trading, explain how the daily economic news (movement of the stock indices) has very little to do with the actual economy, and offer his thoughts on what can be done to reduce the socially destructive aspects of stock market speculation.
March 7th, 2006 Gender
February 28th, 2006 Using
your voice to unleash the power of the internet.
December 13th, Ocean Restoration
November 15th, Biomimicry
October 18th, Growing
One's Own Sustainably in Russia
September 20th, Advances in Public Safety Technology
2005 Internet Powered Citizen Journalism
July 26th, 2005 The Growing E-Waste Crisis
2005 Scientists & Engineers in Labor Unions? -- Yes
June 28th, 2005 BART to San Jose?
June 14th, 2005 Water Privatization
May 31st, 2005 The History of Moffett Field
May 3rd, 2005 Earthquakes: Preparation and Prediction
April 5th, 2005 Clocks, Culture, Contrast
March 22nd, 2005
Challenging U. S. Human Rights Violations since 9/11
February 22nd, The Role of Information Technologies in Emerging Economies
February 8th, 2005 Empowering Lives in the Developing World Through Innovative Products
January 18th, 2005 The Space Elevator - Climbing the Sky
December 7th, 2004 The Coming Energy Famine
October 26th, 2004, The Science of Political Polling