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Foreign Exchange Option. Money Management. In finance, a foreign exchange option commonly shortened to just FX option or currency option is a derivative financial instrument that gives the right but not the obligation to exchange money denominated in one currency into another currency at a pre agreed exchange rate on a specified date. 1 See Foreign exchange derivative. The foreign exchange options market is the deepest, largest and most liquid market for options of any kind. Most trading is over the counter OTC and is lightly regulated, but a fraction is traded on exchanges like the International Securities Exchange, Philadelphia Stock Exchange, or the Chicago Mercantile Exchange for options on futures contracts. The global market for exchange traded currency options was notionally valued by the Bank for International Settlements at 1. For example, a GBPUSD contract could give the owner the right to sell December 3. 1. In this case the pre agreed exchange rate, or strike price, is 2. USD per GBP or GBPUSD 2. This type of contract is both a call on dollars and a put on sterling, and is typically called a GBPUSD put, as it is a put on the exchange rate although it could equally be called a USDGBP call. If the rate is lower than 2. December 3. 1 say 1. GBP at 2. 0. 00. 0 and immediately buy it back in the spot market at 1. GBPUSD 1. 9. 00. GBPUSD 1,0. 00,0. GBP 1. 00,0. 00 USD in the process. If instead they take the profit in GBP by selling the USD on the spot market this amounts to 1. GBP. Although FX options are more widely used today than ever before, few multinationals act as if they truly understand when and why these instruments can add to shareholder value. To the contrary, much of the time corporates seem to use FX options to paper over accounting problems, or to disguise the true cost of speculative positioning, or sometimes to solve internal control problems. The standard clich Options are typically portrayed as a form of financial insurance, no less useful than property and casualty insurance. This glossy rationale masks the reality if it is insurance then a currency option is akin to buying theft insurance to protect against flood risk. The truth is that the range of truly non speculative uses for currency options, arising from the normal operations of a company, is quite small. In reality currency options do provide excellent vehicles for corporates speculative positioning in the guise of hedging. Corporates would go better if they didnt believe the disguise was real. Lets start with six of the most common myths about the benefits of FX options to the international corporation myths that damage shareholder values. Historically, the currency derivative pricing literature and the macroeconomics literature on FX determination have progressed separately. In this Chapter I argue the joint study of these two strands of literature and give an overview of FX option pricing concepts and terminology crucial for this interdisciplinary study.
Smart Locks vs. “Dumb” Locks. A proper lock is a crucial component to home security, keeping unwanted intruders from four- legged pests to would- be burglars at bay. And while we certainly can’t knock the classic deadbolt, some locks have a few more tricks up their sleeves than others. The new kid on the block, the smart lock, has enough cool features to entice everyone from Airbnb owners to close- knit families. Compared to the traditional lock, however, it could saddle you with more trouble than you’re willing to handle at the expense of convenience. Usb Disk Security 6 0 0 12 Crack Rar ArchiveOn Tuesday, Techcrunch writer John Biggs had his phone number stolen by a hacker who gained control …Read more Read. Competition. Locks, whether smart or dumb, are designed to keep intruders and other unwanted people out while at the same time letting the right people in without much hassle. Whether physical or digital, you’ll still need some sort of key to gain access. ![]() Traditional locks. Whether you want to call them dumb, traditional, or analog, regular door locks do one thing, and one thing well: keep things from getting in. While the innards of a traditional lock vary based on manufacturer, security rating, or locking mechanism, they usually open with the turn of a key. Smart locks. Smart locks take advantage of something you’ve got on you all the time: your smartphone. Whether you’re connecting via Bluetooth, using geolocation to identify when you’re home, or controlling the lock through a Wi- Fi- enabled app, you can use your smart lock and smartphone in concert to open the door, key- free.There are relatively few smart lock varieties available, partially because of its novelty and status as a relative newcomer to the market.Smart Locks Are a Future We’re Not Quite Ready For (Yet) Smart locks trounce traditional locks when it comes to convenience.Be prepared to spend anywhere from $1.Some smart locks can open doors through corresponding apps, letting you grant people access from miles away. . That convenience, coupled with other cool features like “temporary” keys and automatic locking based on geolocation, make it a lock perfect for today’s internet- of- things society.Unfortunately, they’re just as insecure as the rest of the smart home tech we use. An automatic firmware update broke Lock.State’s internet- enabled “smart locks” for around 5.Read more Read. Not only are smart locks susceptible to attacks from malicious parties, they can be disabled by the company itself depending on the software involved.Recently, smart lock company Lockstate accidentally bricked hundreds of its own smart locks through a botched software update. . The locks, recommended by Airbnb for use by hosts, left renters locked out of their temporary homes with little recourse. When we asked a group of security experts whether they’d use smart locks themselves, we were met with mixed responses. Not a great sign. Traditional Locks Work, as Long as You’ve Got an Extra Key The no- fuss access a traditional lock provides is convenient, as long as you have your own key. The number of options available to you when purchasing a traditional lock are nearly limitless, and you can find one based on your security needs pretty easily. Prices for traditional locks range from $2. Breaking a traditional lock is also more difficult than hacking a smart lock. For one, you need to be next to the lock instead of on a computer, miles away. ![]() Where a traditional lock fails is where a smart lock excels, however. If your friend wants in while you’re out and about, they’ll have to have a key of their own to unlock your dumb lock. If you can’t meet with them you’ll need to leave it for them in an inconspicuous location, lest someone else discover it (please, don’t leave it under the mat). That level of insecurity might be enough to turn people off of traditional locks, but a little planning (and an extra key or two at home) tend to solve this issue pretty easily. Verdict: Smart Locks Are Useful, But Not Ready For Primetime I recently replaced my front door’s flimsy lock with a fancier, traditional deadbolt lock. 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Back in 2. 01. 3 Adobe moved its most valuable software, including Photoshop, Illustrator, and Premiere, to a subscription only model. If you want to use the industry standard software Adobe creates you have to throw down $1. It’s been a sore point for many a computer user who still remembers the halcyon days when purchasing software meant you, essentially, owned it. Since then many apps have moved to this new model—often promising cool updates as a “reward” for being a subscriber. Quicken, Autodesk, Adobe, and even more niche companies now like Ulysses, are moving towards this model and there’s no sign of them stopping any time soon. Ulysses is developed by a small publisher called Soulmen, and it’s co- founder, Max Seelman, took to Medium on Friday to defend his company’s decision. Our users expect a continuously evolving high quality product — and subscription is the only way we can truly deliver on that expectation,” he said in his post. Seelman went on to explain how software development has shifted dramatically since Soulmen first launched Ulysses. Software purchases used to be very different from how they are today. Until not too long ago, you would purchase an application and get a physical copy on a bunch of floppies (or later a CD). The thing you got — that was it. No patches, no updates. Developers had to put forward an extreme amount of attention to get everything right, because once an app was out, development had to be done.Seelman then noted that software development changed as internet speeds improved. With companies able to produce patches that not only resolved minor issues at launch, but also introduced new features. At first, these resulted in new features being added on- the- fly, but it quickly evolved into issuing more and more substantial patches — until today, where most v. Essentially, Seelman argues, software is now in constant development and pricing hasn’t kept up with this new cycle. Which, okay, it makes sense! If software is constantly getting features that normally would have warranted a new version and additional money than the company absolutely has the right to ask for more cash. The company is offering, for a limited time, a discount to older users, and if those user happened to purchase the software within the last year than they’ll also received up to 1. Soulmen has also made it clear that the old version of the app available in the i. OS and Mac app stores will be available for use and updated to work with i. OS 1. 1 and High Sierra. After that you’re out of luck. What’s frustrating about this is how shifting to these new forms of payment are great for the developer and fine for new users, but suck, a lot, for old users. I know, because I’ve been using Ulysses for the better part of six years. It’s a piece of software I’m so attached to I’ve name- checked it when people ask why I don’t switch to Windows or Android for my daily work machines. The announcement of a move to subscription- based payment popped up as soon as I opened the app on my computer this morning and, annoyed, I took to Twitter to bask in the irritation of other users. Ulysses isn’t going to be the last app forced to make this decision. As consumers demand more and more from “minor” updates software developers will need to find a way to make profit. They can try to tightly manage their business and continue with the old model, demanding money only when a new and truly outstanding feature appears, or they can go the Ulysses route, which many companies, including Adobe, have done before. It’s proven effective, even as subscription fees balloon on users’ credit cards and leave them irritated and underwhelmed. Adobe, Autodesk and Quicken are all huge and required apps for their respective industries. They can afford to ask for money each month, but if Ulysses doesn’t provide cool new features with every update, that $4. Scrivener or some other non- subscription based writing app. At the very least Ulysses could have taken a note from the book of Plex. That software suite went from completely free to a subscription based model and users were.. So Plex offered a lifetime membership. Essentially you pay out the nose once and never pay again. As someone who uses the app every day that was a no brainer for me. I dropped my wad of cash and never looked back, and I didn’t have to look at yet another subscription fee on my credit card statement either. Just a thought Ulysses.. Harrison Ford Thinks Ryan Gosling Should Be Grateful He Didn't Get Punched More. Last year, Ryan Gosling told GQ that Harrison Ford punched him in the face while filming Blade Runner 2. According to Ford himself, yup, it happened, it’s Gosling’s fault, and he should be thankful that he only got punched once.“I punched Ryan Gosling in the face,” Ford said. Ryan Gosling’s face was where it should not have been.”During a lengthy interview with GQ, Ford took us on a journey of the Punch Felt Around the World, which happened while shooting an action sequence (Gosling added that after it happened, Ford pushed him aside so he could put his hand in ice that had been provided for Gosling).According to Ford, the whole thing was “9.Gosling’s fault because he did not get out of the way during the ill- fated face bagging—and he also pointed out that Gosling should appreciate not having been punched more than that. . His job was to be out of the range of the punch.My job was also to make sure that I pulled the punch. But we were moving, and the camera was moving, so I had to be aware of the angle to the camera to make the punch look good. You know, I threw about a hundred punches in the shooting of it, and I only hit him once,” he said. Gosling also told GQ last year that, as an apology, Ford brought a bottle of Scotch to his dressing room. A nice gesture, for sure, and one that fits their working relationship—Ford clearly respects Gosling, especially for being a “fucking Mouseketeer” who’s been acting since he was a child. But surprisingly, the apology came with a catch. All Ford did was pour Gosling a glass.. When asked about this, Ford didn’t skip a beat.“What, did he fucking expect the whole bottle?”[GQ]. Iran Has Pivoted to Video. The classic US stereotype of attempted Iranian ideological indoctrination via chants of “Death to America” and such has been old hat for quite some time. As noted by the New York Times on Saturday, in the past few years Iranian pro- government propaganda efforts have increasingly taken the form of rap videos glorifying the country’s military, spread on sites like local You. Tube equivalent Apparat and apps like Telegram. The Times rounded up some of the most high- profile attempts to appeal to the nation’s youth by pairing Iranian rappers with sweeping shots of military personnel and CGI- infused battle scenes, some of which are pretty over- the- top. They’re fascinating to watch, especially at a time when the current presidential administration has gone full hawk on Iran. They’re also more than a little uncomfortable, both because they show an oppressive government’s approach to a digitized era of propaganda and, if we’re being honest, they do kind of resemble pro- military media produced in places like the US. Greetings, my Westerosi window envelopes! As you can probably guess, last week’s episode of Game of Thrones—and its increasing dominance over the pop culture.![]() One video highlighted by the paper features Amir Tataloo, a musician with a “hard- partying, gangster- style reputation,” who extolled “our absolute right / to have an armed Persian gulf” while singing alongside naval personnel on the frigate Damavand. The Simpsons fans may notice a strong “Yvan Eht Nioj” vibe.)Another video from last year, titled “We Will Resist,” cost $2. US fighter jets bombing a mosque by a sunny beach, flanked by newly constructed oil refineries. A battalion of Iranian youth carrying flags retaliate by charging towards the water, conjuring up a gigantic tidal wave which sinks the US Navy’s Fifth Fleet. Another released in 2. Seraj Cyberspace Organization, which is affiliated with the Iranian Revolutionary Guards’ Basij volunteer militia, shows Iranian- backed fighters in Syria taking the fight to ISIS insurgents flying the terror group’s infamous black flag. The video features Hamid Zamani, who the Times noted was the mastermind behind the anti- imperialist song “USA.”“By Zaynab, we are the defenders of Damascus!” the singer croons as a sniper takes out an ISIS fighter in slow- motion. ![]() Husayn’s sister calls us to the Golden Shrine / How can the flames of death possibly set it ablaze?”Another Iranian propaganda effort highlighted by the Times was the 9. CGI action film Battle of the Persian Gulf II, which stars an animated version of Quds Force commander Gen. The classic US stereotype of attempted Iranian ideological indoctrination via chants of “Death to America” and such has been old hat for quite some time. As noted. Qassem Suleimani annihilating US troops and naval forces.“The Americans threaten us, we want to say, ‘If you attack us, if you dare to do so, a rain of hot melted lead will be poured on you,” co- creator Farhad Azimi told the paper. The American aircraft carriers, vessels and warships will be sunk and converted into beautiful aquariums in the bed of the Persian Gulf.”So yeah, all this is unsettling. But again, lest Americans get too high on their horses about this, the US military- industrial complex, its marketing partners and Hollywood filmmakers have basically been doing higher- budget versions of the same thing for decades. One of the more obvious examples is the NFL, where flashy flyovers with high- tech military jets, troops marching with flags and even camouflage jersey sales have been a fixture for years, and the military has pumped tens of millions of dollars into patriotic displays at sports games. Others include the close relationship between the military and the video game industry, or its tight collaboration with the movie industry. Indications are strong President Donald Trump’s administration is seeking ways to back out of the US- Iran nuclear deal, per CNBC, which would set the stage for tensions to escalate rapidly—though with stakes a good bit realer than CGI tsunamis and bullet time. [New York Times]. Ever notice how Christopher Nolan’s movies (Interstellar, Inception, The Prestige) feel like an anxiety attack? Well, maybe that’s overstating things a bit. But. Last year, Ryan Gosling told GQ that Harrison Ford punched him in the face while filming Blade Runner 2049. According to Ford himself, yup, it happened, it’s. |
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