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..
mini bio 2 james maitland stewart was born on 20 may 1908 in indiana pennsylvania to elizabeth ruth johnson and alexander maitland stewart who owned a hardware store he was of scottish ulster scots and some english descent