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..
One of the hereditary Stewart stewards, Walter Stewart, married Marjorie Bruce, daughter of King Robert I, and founded the royal House of Stuart (a French spelling), beginning with their son King Robert II.he progenitor of the Stewart family was Alan fitz Flaad, a Breton knight who settled in England after the Norman Conquest. His son, Walter fitz Alan, relocated to Scotland during the Anarchy, became the High Steward of Scotland, hence the origin of the surname.