Meg Bolton left her Montana home, earned her bachelor's degree, and lived out her dream of selling her art. But now her life is in limbo. Stay in Colorado with a man who won't commit, or call it quits and move back to her home state. Her answer comes in the form of Jake Billings, a woman-courting, dimple-sporting cowboy her father bids on at the county fair. The auctioned ranch hand is meant to help Meg process grapes on her father's land, but along the way he steals her heart. Can Meg trust this sudden shift in direction, or will she be drawn back to the man she left behind?
"Now, ladies and gentlemen, what am I offered for this elegant vase, imported direct from Italy, a most marvelous piece of workmanship, worth every cent of twenty-five dollars? Who will start it at five dollars? Start it at four? Start it at three? At two? At one dollar? What is that-fifty cents? Rather low, lady, but as I said before, these goods must be sold, regardless of the prices obtained. Fifty cents, it is! Fifty-fifty! Who will make it one dollar?"
ROBERT A. SCHWARTZ The primary objective of this book is to consider how the inclusion of electronic call auction trading would affect the performance of our U.S. equity markets. The papers it contains focus on the call auction and its role in a hybrid market strucÂ ture. The purpose is to increase understanding of this trading environment, and to consider the design of a more efficient stock market. This book had its origin in a symposium, Electronic Call Market Trading, that was held at New York University's Salomon Center on April 20, 1995. Nearly 150 people from 16 different countries attended. At the time, three proprietary trading systems based on call auction principles (The Arizona Stock Exchange, Posit, and Instinet's Crossing Network) had been operating for several years and interest already existed in the procedure. Since the symposium, increasing use has been made of call auctions, primarily by the ParisBourse in its Nouveau Marchi: and CAC markets, by Deutsche Borse in its Xetra market, and in the U.S. by OptiMark. Rather than being used as stand alone systems, however, call auctions are now being interfaced with continuous markets so as to produce hybrid market structures, a development that is given considerable attention to in a number of the chapters in this book.
Small is beautiful--but how small is small, and what practical steps can we take to achieve its beauty? By the 21st century we may have found the answer: the creative compartment, a group of a few hundred people who work together in a totally open way. The intense communication within a compartment generates enormous adaptability and a creative problem-solving capability seldom found in today's organizations. In Creative Compartments, Gerard Fairtlough draws on his wide experience and on a profound analysis of the operation and interaction of small organizations. He sets out a clear agenda for organizational design, and his novel proposals will benefit anyone in any organization--large or small, business or nonprofit--that strives for continuing success into the 21st century.
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