The derivative market, like the insurance industry, does involve gambling. The sizes of the bets in the financial markets however are vastly greater than in the gambling industry. Salomon Brothers had in the recent past derivative contracts for more than $600 billion in securities.
Gloria Stewart, actor James Stewart's wife, who was prominent in animal support groups and other community activities, has died. She was 75. Mrs. Stewart died Wednesday of lung cancer at her Beverly Hills home. Stewart, to whom she was married for 44 years, their twin daughters and her son from a previous marriage were with her at the time of her death. Gloria Stewart was one of our dearest friends for more than 40 years, former President Ronald Reagan said in a statement. She was a very special woman with a wonderful sense of humor and not an ounce of self-pity..
James R Failor, age 88, of 1616 N. 4th, died September 27, 2011, in his home. James was born December 29, 1922 in Shelbina, Missouri, the son of Harry and Edith Moon Failor. On December 16, 1944 he married Wanda L. Bridgeman. She preceded him in death on March 11, 1975. On June 24, 1978 he married Shirley Robinson.