In April, a research ship will begin surveying the Atlantic Ocean floor off of Nova Scotia as the first step to building, by 2013, a $300 million private fiber-optic line connecting New York and London financial markets so as to speed up current transmission times -- by about five milliseconds. Those five milliseconds, though (according to an April report in Bloomberg Business Week), will enable the small group of firms that are underwriting the project (and who will have exclusive use of it) to earn millions of dollars per transaction by having their trade sales arrive five milliseconds before their competitors’ sales would have arrived.
Fine points of law
In April, the Tampa Police Department issued preliminary security guidelines to control areas around August’s Republican National Convention in the city. Although the Secret Service will control the actual convention arena, Tampa Police are establishing a zone around the arena in which weapons will be confiscated (including sticks, rocks, bottles and slingshots). Police would like to have banned firearms, too, but state law prevents cities from restricting the rights of licensed gun-carriers.
No Spectators Allowed
For the first time in years, there was no Easter bunny at Central City Park in Macon, Ga., this year because the county commissioner who runs the sponsoring organization said he was tired of violent parents hogging the Easter egg hunt by “helping” their kids. (Two years ago, Olney High School in Philadelphia barred players’ parents from its boys’ junior varsity basketball games unless they registered and vowed to obey a code of conduct. In February 2012, the president of the Egyptian Football Association similarly announced that the season would continue but without spectators, because of the probability of violence. Of course, Egypt, unlike Macon, Ga., and Olney High School, has just been through a bloody civil war.)