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This paper aims to explain the architecture and design choices of the exchange. Lykke is a FinTech company based in Zurich that has launched the global marketplace for all asset classes and instruments digitized on the blockchain. The authors discuss how the exchange will evolve over time. They explore the macroeconomic benefits of the new blockchain technology. The Lykke exchange is compatible with any type of public blockchain.

The authors present the architecture of an exchange for colored coins. By colored coins, they mean issuer-backed securities on the Bitcoin blockchain. Orders are collected and matched by a semi-trusted exchange. Matched orders are settled on the Bitcoin blockchain, where each successful trade between parties appears as a set atomic-colored coins swap transactions. Unfilled and expired orders are discarded. The exchange does not take possession of the traded coins, but needs to be trusted to match trades correctly.

Lykke has launched the exchange initially for the main currencies, cryptocurrencies and Lykke coin (entitlement to the shares of Lykke company). Perspective asset classes include futures and options on digital assets, crowd-funded loans for retail and private equity financing for small and medium-sized enterprises, contracts for difference, zero coupon bonds and other fixed income and natural capital bonds.

Lykke exchange and all its tools and services are open source; the transparency of technology is ideal for research. The paper provides a high-level overview of the exchange and concludes with a research agenda.

Unless we recognize what is unique about today's business environment, our best laid plans are almost sure to end in frustration, and perhaps failure. We're living in an unusual era, one in which the drama of rampant economic change is being performed under the subtle constraints of slow economic growth. Consider three fundamentals—people, jobs, and income. As you can see in Exhibit 1, all have been growing slowly in the 1980s as compared with prior decades. Yet, as I write this, the nightly news is announcing another economic milestone—U.S. consumers now have over 500 makes and models of VCRs to choose from. Exhibit 2 provides a picture of year‐to‐year changes as well as a five‐year moving average to demonstrate that the trend in U.S. growth rates is definitely downward, and that the variability above and below this trend has been increasing in the last decade.

President Bill Clinton has had many opponents and enemies, most of whom come from the political right wing. Clinton supporters contend that these opponents, throughout the Clinton presidency, systematically have sought to undermine this president with the goal of bringing down his presidency and running him out of office; and that they have sought non‐electoral means to remove him from office, including Travelgate, the death of Deputy White House Counsel Vincent Foster, the Filegate controversy, and the Monica Lewinsky matter. This bibliography identifies these and other means by presenting citations about these individuals and organizations that have opposed Clinton. The bibliography is divided into five sections: General; “The conspiracy stream of conspiracy commerce”, a White House‐produced “report” presenting its view of a right‐wing conspiracy against the Clinton presidency; Funding; Conservative organizations; and Publishing/media. Many of the annotations note the links among these key players.

Studies five successful chief ’ntrepreneur officers (CNOs) together with one failure. Looks at why the CNO is indispensable. Presents 36 characteristics of CNOs across six groups: eagerly embracing risk, passionately innovating, creating/harnessing disequilibria, empowering the middle management, empowering top management with complementing industry product and participants and with complementing capital products and providers. Uses numerous case studies to demonstrate theory and provide a number of questions and answers.

Interrelated conflict and transformation are associated with post World War II U.S. military. Conflicts within the command structure are depicted by military officers in their writings. Transformation, characterised by military sociologists as a process of “civilianisation,” has informed understanding over the past few decades. However, neither the officer‐writers‘ “close‐up” perspective nor, in retrospect, the sociologists’ sanguine formulations effectively interrelate structural transformation and conflicts in command. In this respect, these literatures suggest relevant analogies: officer‐writers reflect existential crisis not unlike many traditional peoples experiencing consequences of externally induced economic change; sociological characterisations of “civilianisation,” like those of “modernisation,” fail to account for adverse and conflictual consequences of such “development”. Both the “crisis in command” and sociological failures to explicate it may be related to political economy's transformation of the military. That is the argument entailed in this article.

Few would argue with the proposition that socially, economically and politically, the United States is in a period of turbulence and uncertainty. We are navigating the rapids, and white water is all around us. In the daily struggle to keep the boat afloat and on course, we have little inclination and less time to look ahead. Perhaps we fear that the future holds more of the same, that our present troubles constitute a new normalcy to which we must inure ourselves. In a remarkable turnaround from traditional American optimism, there is now a pronounced feeling abroad in the land that the present is worse than the past, and that the future will be still worse than the present.

This chapter examines the historical development of space tourism from early wondering at the heavens to more recent extraterrestrial astrotourism. It catalogs the development of the significant terrestrial space tourism market, including dark-sky tourism, launch tours, zero-G flights, and edutainment experiences, as part of a “steps to space” for costlier future developments in space tourism. Recent developments in the suborbital sector initiated by the XPRIZE and spearheaded by Virgin Galactic are the next stage in this product ladder. All these draw on a rich history of space exploration – imagined, virtual, and real – that frames how future developments in space tourism can be viewed.

Three great scholars, one each from the United States, France and Israel, came to the same conclusion at the same time—the world would soon come to an end by flood. A great conference was scheduled where it was concluded that the world would indeed be inundated abruptly in 30 days. After the meeting the three great scholars met for drinks and dinner. While sipping brandy after dinner, the American asked the Israeli what he was going to do during the last 30 days. The Israeli said he planned to make his peace with God. The French scientist, asked the same question, said he was going to take all of his money out of the bank and throw a 30‐day party, enjoying wine, women and song. Then they asked the American what he was going to do. He replied that he was going to spend his time learning to live under water. This story illustrates two points about planning:

Field‐tested advice on coping with the common challenges facing companies attempting to develop a winning strategy.