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Euromoney Naked shorting: The curious incident of the shares that didn't exist


IN FEBRUARY THIS year, Michigan-based entrepreneur Robert Simpson decided to see what would happen if he bought the entire stock of one company.
Using a single broker, within a couple of days Simpson had paid a little over $5,000 for 1,285,050 shares in OTC bulletin board property-development company Global Links. According to Simpson, these shares were delivered into his account shortly afterwards. Yet the following day 37,044,500 Global Links shares were traded on the bulletin board. The next day, 22,471,000 shares were traded. On neither day had Simpson traded a single Global Link share, he insists.
And events surrounding Simpson s investments became yet more confusing. Global Links had only ever issued 1,158,064 shares. Simpson had managed to acquire 126,986 shares that did not exist. How he had managed to be sold more shares than were in issuance is exactly the question Simpson hoped his foray would raise. ....

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Co-founder of Hooray for Heroes dies


Will Stolz was known for many things in Hardin County, whether it was as a sports official, ordained minister or a more than four-decade career in retail.
The Illinois native, friends say, had a deep-rooted passion for the military and first responders that led to creating a community masterpiece every May with a Hooray for Heroes celebration in Radcliff that honors and recognizes active and retired military, military family members and first responders.
What spurred the idea to begin Hooray for Heroes in 2006, Stolz once said was he .”felt Fort Knox soldiers needed some more recognition.”
So he and Randy Acton developed the idea and it quickly grew into a Radcliff tradition that continued to grow. ....

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How do you fix a flying computer? Seeking resilience in software-intensive mission systems


How do you fix a flying computer? Seeking resilience in software-intensive mission systems
Report
by
Trey Herr, Reed Porada, Simon Handler, Orton Huang, Stewart Scott, Robert Lychev, and Jeremy Mineweaser
Executive summary
Defense organizations, by nature, confront unanticipated and highly impactful disruptions, but must continue to operate using complex mission systems. They must adapt these systems to withstand surprise and accomplish defined objectives despite disruption and the behavior of adversaries. It is crucial to understand a system as more than hardware or software it is a combination of people, organizational processes, and technologies. Mission resilience is the ability of a mission system to prevent, respond to, and/or adapt to both anticipated and unanticipated disruptions, optimizing efficacy and long-term value. This means overcoming sophisticated cybera ....

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