It is also too early to say what the medium-term effect will be here.
By indicating that short-term rates will stay low until the end of 2014, the Fed is also having an effect on medium-term bond yields.
"The study brings home the powerful effect that the online medium is having on people's lives, " said Philip Rowley, President of AOL Europe.
The fact that, if enacted, these plans would likely have the biggest effect on deficits in the medium- to long-term would be a plus.
By going fully electronic and joining up with other futures markets in the region, it hopes, in effect, to combine several medium-sized markets into one big one.
They do this, first, because the internet, in effect, eliminates scarcity in the medium.
And I think that videogames are a medium most suitable to achieve that sort of effect in the most effortless of ways.
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In response to the early court decisions, to avoid the chilling effect of potential liability in a medium of prolific speech, and to encourage the active monitoring, editing and removal of unlawful content online without the disincentive of having such actions lead to claims of liability for being a publisher, Congress enacted Section 230 of the Communications Decency Act.
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With the development of Macau occurring at such a rapid pace, it is possible that the introduction of additional supply in the market, along with a novelty effect, drives higher gaming revenues that in the medium run are unsustainable.
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As a journalist, I think we should not be complaining so loudly about this judgement but accept it as a necessary side-effect of the increasing acceptance of the web as a publishing medium.
Add to the mix medium-run uncertainty (i.e. several years down the road) about the effect of the recent health care legislation and financial regulatory reform.
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