Last Wednesday, we were sitting in bumper-to-bumper traffic, trying to get from Penn Station over to Park Avenue. On that unseasonably warm afternoon, we waxed nostalgic about the fact that it was Back to the Future Day – the exact date to which Marty McFly time-traveled in his flying DeLorean – but alas, there was no way for our driver to go vertical and bypass the gridlock from above, nor for us to grab our hoverboards and dart across town. Released in 1989, “Back to the Future II” made plenty of other bold future prognostications besides flying cars and hoverboards. A number of the predictions wound up prophetic, like video conferencing, Google Glass-style goggles, and more urban green space. Others, like Jaws 19 and preposterously colorful, gaudy outfits (mercifully!), or self-tying shoelaces and a Chicago Cubs World Series win (sadly!),…

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Common Challenges to Hedging FX Risk Chatham Financial White Papers – October 2015 Early 2015 ushered in currency volatility and dollar strength unseen in decades. Every day, new headlines of companies negatively impacted by large exchange rate movements greeted readers of financial news. Earnings calls are littered with references to “constant currency” impacts and earnings forecast reductions driven by significant currency movements. With this background, analysts, investors, Board Members and senior management have asked, “What is stopping us from hedging our risk more effectively?” This article will cover three key hurdles that companies face when crafting and maintaining currency hedging programs: Data, Design, and Accounting.

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Bloomberg recently profiled a photo series from London-based photographer Travis Hodges entitled “The Quantified Self.” In each set of photos, Hodges captures people and the data they track, including sleep and spending habits, physical and social activity, health and happiness metrics. Almost every subject shares how quantifying and tracking have brought tangible positive changes to well-being. Since Suran’s uncle died of a heart attack, he gets a 3D body scan each month to measure and record seventeen circumference measures. Because significant belly fat predicts heart disease better than most metrics, the 3D scan demonstrates to Suran that he’s keeping up with his dietary and swimming goals. Rosa worried she was spending too much each month, and even feared that someone might have found a way to steal from her bank account. After tracking all of her debits, she soon realized…

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