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John Law was a Scotsman who introduced 18th-century France both to paper currency and to irrational exuberance on a grand scale, through a speculative venture to colonize the Mississippi River basin.
The consequences of the ruling for stem cell science could be dire, say Smith and others, because it will cause those companies and investors currently willing to put money into an already highly speculative venture to back away.
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With these letter products already bringing the agency adequate returns for this service, what we are actually witnessing with the price increase is the continued practice of forcing mail consumers to pay more for monopoly services in the hopes that it can overcome the high costs of bringing more speculative ventures to market in competitive areas.
Even when they are will ing to risk an evening, on a speculative venture, at which they might get their clothes rumpled or their prejudices muddied, they cannot easily tell one Soho basement from another.
Voluntary government assistance for war crimes tribunals is a speculative venture at best, and depends on so many unpredictable variables as years roll by that the original objective is sometimes forgotten.
The project under way at 360 Madison Avenue was intended as a speculative venture, with no attempt to sign tenants, except for the Bank of Tokyo Trust, beforehand.
"The fact that the Chinese government would approve this major investment in what amounts to a speculative venture is significant," said Kathryn S. Wylde, president of the Partnership for New York City, a business and policy group that has long supported the Vantone project.
Often, these expeditions are privately financed, speculative ventures which amount to little more than treasure-hunting.Modern robotics, however, is changing this.
Few of the world's finance officials will shed any tears at the tapering off of the carry trade, a highly speculative venture that the Group of 7 has tried to discourage, at least rhetorically.
The determination also makes clear that an explicitly "for-profit" ICO speculative venture, with centralized management and control, is likely to trigger a "security" characterization.
First published in 1841, this serious but often hilarious survey of classic scams and investment schemes gone awry covers everything from tulipomania to the Mississippi Scheme, a speculative venture that swept 18th-century France.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com