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Wednesday, April 7, 2010 as of 11:14 AM ET

  • February 17, 2010 08:24 PM UTC by Liz Claman

    FBN EXCLUSIVE: CME's Duffy Says Onerous Trading Limits Will Chase Business Out of U.S.

    CME Group Executive Chairman Terry Duffy stopped by the Fox Business studios this afternoon for a wide-ranging interview on regulation, acquisitions and the trading landscape.

    As the CFTC (Commodities Futures Trading Commission) moves to limit energy trades in an effort to avoid excessive market speculation, Duffy warned that the mere whiff of the intensity of the limits was enough to force business to defect to the largely unregulated trading floors operating now in other countries. 

    The Law of Unintended Consequences can kick in, said Duffy who was quick to point out that when the CFTC noticed the defections, it scaled back the intensity of the planned regs (which have yet to be enacted, btw).

    And what of Duffy’s recent acquisition tear both here in the U.S. with the CME’s purchase of 90% of the Dow Jones Industrials Index from News Corp (parent of Fox Business)?

    Does he plan any changes to the way the index is compiled? How about the name? Might it soon become more Chicago-centric?

    Duffy’s interview is below. He’s one of my fave guests… a guy who started as a pit trader and worked all the way to the very top.


    Any side effect to the suspension?

    New Straits Times March 5, 2006

    New Straits Times 03-05-2006 Any side effect to the suspension?

    Edition: New Sunday Times Column: Autocare

    Dear Paul,

    My Waja is shod with standard 195/55 R15 tyres on 6.5JJ x 15″ alloy rims. I would like to change the tyres to that of 16″ and I have been told that the suitable range would be the 205/55 R16 tyres on 6.5JJ x 16″ alloys. web site nexium side effects

    1. Is this the right size (16″) of tyre which I can use to change my 15″?

    2. Must I change the alloy rims together as well?

    3. Would changing to the said 16″ cause the:

    i) Speedometer reading to differ?

    ii) Any side effect to the suspension and absorbers?

    4. Is the 205/55 R16 tyres within the 3% rule; and how do we know/ calculate the 3% rule? (Some mechanics say it is within the 3% rule) CSS

    Reply: see here nexium side effects

    1. The 195/55 R15 tyre has a diameter of 595mm and the 205/55 R16 has a diameter of 632 mm. The difference is 37mm or 6.2% which is way above the 3% accepted by the industry. You could use 205/50 R16 (612mm) or 225/45 R16 (608mm) or 255/40 R16 (610mm).

    2. Obviously you will have to change the rims as you are now going to fit 16 inch tyres and your present rims are for 15 inch tyres.

    3. If you stay within the 3% rule, your speedo readings would hardly be affected. However you must note that the bigger the tyre, the higher will be your unsprung weight and you may have some change in behaviour in the suspension that may require some tuning of the shock absorbers.

    4. Calculation is relatively simple: 195/55 means 195 x 0.55 = 107.25 This is the height of the tyre above the rim. This has to be multiplied by 2 to give 214.50mm.

    15R21 converted to millimetres is 15 x 25.4 = 381mm Therefore the overall diameter of the tyre will be 381 + 214.5 = 595.5mm. Now you can calculate the overall diameter of any tyre and find out if it is within the 3% rule.

    General Mills to produce low-sugar cereal versions

    Deseret News (Salt Lake City) June 25, 2004 MINNEAPOLIS (Dow Jones/AP) — General Mills Inc. said Thursday it plans to offer low-sugar versions of three of its kids’ cereals — Trix, Cinnamon Toast Crunch and Cocoa Puffs. website cinnamon toast crunch

    The new cereals will use a combination of sugar and Splenda, a sweetener with no calories, to reduce the amount of sugar by 75 percent, the company said. The new products are expected to be available by mid-July.

    The Minneapolis-based food company said the move came “in response to changing customer needs.” The new cereals are expected to cost the same as equivalent-size packages of the original cereals. The reduced-sugar versions, however, will be a little more expensive on an ounce-by-ounce basis because they are lighter, the company said. website cinnamon toast crunch

    General Mills, with revenue of $10.51 billion for the year ended May 25, also makes Cheerios cereal, Yoplait yogurt and Betty Crocker baking mixes.

about this blog

  • Liz Claman joined FOX Business Network (FBN) as an anchor in October 2007. Her debut included an exclusive interview with Berkshire Hathaway CEO and legendary investor Warren Buffett.

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