IEM Shows Bush Leading

The IOWA ELECTRONIC MARKETS shows President George W. Bush leading in election futures contracts with 51.5 Sunday compared with 48.6 for Democratic presidential candidate John Kerry. The price of a Kerry futures contracts slipped from 51.6 on July 26, the first day of the Democratic National Convention in Boston. Bush's re-election contracts rose from 49.2 at the start of the Democratic convention. The futures trade on a scale of 0-100. After the election, the contracts on the winner will pay out $1 and the losing candidate's contracts will expire worthless. The market is operated by the UNIVERSITY OF IOWA'S HENRY B. TIPPIE COLLEGE OF BUSINESS. The institution is based in Iowa City.