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Manipulation on Trial
The unprecedented rise and fall in silver's price during 1979 and 1980 resulted in charges against the Hunt brothers of Dallas of monopolization and market manipulation, charges which led to a lengthy trial. This book focuses on the economic analysis used at this trial. Drawing upon interviews with the judge, jury, attorneys and expert witnesses (the author having so served), it investigates the elusive definition of manipulation in sophisticated markets, the difficulties of interpreting statistical evidence, the imprecision in calculating damages, the hidden assumptions behind inferences concerning intent, and the hazards introduced when economic analysis enters complex litigation. The author concludes that these problems induce courtroom procedures to oversimplify the economic analysis and cause the law on market manipulation to be created retroactively. Yet the failure lies not with the legal institutions but with the futures exchanges who had not developed in advance the rules to minimize large-scale trading during the unusual price moves.
FPC News
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Ghosts and Shadows of Andersonville
"The name Andersonville has come to be synonymous with "American death camp." Its horrors have been portrayed in histories, art, television, and movies. The trial of its most famous figure, Captain Henry Wirz, still raises questions about American justice. This work unlocks the secret history of America's deadliest prison camp in ways that will spur debate for many years to come."--BOOK JACKET.
In Need of Your Prayers and Patience
The Church of the Nazarene embraces American attachments to democratic rule, individual initiative, efficiency, and a strong sense of responsibility as "a city on a hill." It is also present in more than 150 world areas. These attributes are reflected in the astounding story of one of the founders of the denomination, H. F. Reynolds, who has been long hidden in the shadow of his early colleague, Phineas Bresee. While the church points to Bresee as its founding father, Reynolds lived and served for an additional two decades following Bresee's death, shaping the role of the General Superintendency, clarifying and expanding the church's Manual to meet the needs of the growing denomination, and establishing mission policies and practices that took it from a US church to a global presence. Reynolds maintained a lively devotion to Christ as he survived train wrecks, war, dread disease, and the sheer volume of meetings, correspondence, and explosive scandal that came with the nurturing of a new church. His vision and methods have profoundly influenced a denomination that does not know his name. This volume is designed to make the introduction.
Federal Register
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