Why do politicians always want to get between people and their money? I was listening to an Uber X driver last night. She was at wit’s end. She had no job prospects and she was losing everything. She didn’t want to go on government assistance. Uber gave her a way out. This isn’t the first time I have heard a story like that.
Thomas Cashman was not long out of law school when his dad, Tom, brought him to the Chicago Board of Trade soybean pit in 1994. The two spent the next 10 years trading side by side, until Thomas moved upstairs to begin trading on computer screens.
CME Group Inc. announced it will close most of its futures pits in Chicago and New York. The move deals a death blow to trading floors that grew in the 20th century alongside America’s agriculture, mining and energy industries and were once synonymous with capitalism.