Dutch auction the bid, and pays $10,000 for the car. Dutch auctions are a competitive alternative to a traditional auction, in which customers make bids of increasing value until nobody is willing to bid higher. Some financial commentators and some third-party auction sites use "Dutch auction" to refer to second-price auctions, which work differently from Dutch auctions. The United States Department of the Treasury, through the Federal Reserve Bank of New York (FRBNY), raises funds for the U.S. Government using a Dutch auction. The FRBNY interacts with primary dealers, including large banks and broker-dealers who submit bids on behalf of themselves and
Uncle Tungsten Uncle Tungsten Uncle Tungsten: Memories of a Chemical Boyhood is a memoir by Oliver Sacks about his childhood published in 2001. The book is named after Sacks's Uncle Dave, secretary of a business named Tungstalite, which made incandescent lightbulbs with a tungsten filament, whom Oliver nicknamed Uncle Tungsten. According to family members, Oliver used the single nickname, Uncle Tungsten, to refer to a combination of Dave with several other individuals in the same family. Uncle Tungsten was fascinated with tungsten and believed it was the metal of the future. The book combines autobiographical elements with a primer in the history