Âé¶¹´«Ã½

Letter: Cashing in

Published 27 November 2013

From Bryn Glover

Feedback asks: “As for Arctic melting being beneficial… to whom?” (2 November). Well come on, surely ’tis plain and obvious. Without all that inconvenient ice in the way, cable-laying ships can put in place a direct optical link along the between New York and Tokyo, shaving precious microseconds off arbitrage deals on financial markets. To a select few traders, it could be worth billions.
Cracoe, North Yorkshire, UK

Issue no. 2945 published 30 November 2013

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