Wednesday, January 30, 2008
The department said it will auction $13 billion in 10-year notes on Feb. 6 and $9 billion in 30-year bonds on Feb. 7. The $22 billion being raised is slightly higher than the $18 billion raised three months ago."
Monday, January 28, 2008
No one I know went into marriage thinking this shit:
Some guys might not realize this, but when most women get married they usually imagine cozy evenings by a fire, sharing their hopes and dreams with the men they love.
Sunday, January 27, 2008
Unlike the building blocks of the conventional economy - factories and firms, widgets and workers, stocks and bonds - these new financial arrangements are difficult to value, much less analyze. The money caught up in this web is now many times larger than the world's gross domestic product, and much of it exists outside the purview of regulators."
But today, increasingly, a new generation of derivatives doesn't trade on markets at all. These so-called over-the-counter derivatives are highly customized agreements struck in private between two parties. No one else necessarily knows about such investments because they exist off the books, and don't show up in the reports or balance sheets of the parties who signed them.
Who the fuck didn't think this would lead to corruption and eventual market collapse?
Friday, January 25, 2008
Thursday, January 24, 2008
Cheney stumping for Immunity
and if you believe the pessimists, a bigger bubble popping to com.
Hang on to your hat folks. This is going to get messy.
Wednesday, January 23, 2008
In some poor countries, desperation is taking hold. Just in the last week, protests have erupted in Pakistan over wheat shortages, and in Indonesia over soybean shortages. Egypt has banned rice exports to keep food at home, and China has put price controls on cooking oil, grain, meat, milk and eggs."
Monday, January 21, 2008
I think I had an unidentified fear that the fact that I was moving again alone meant that this is the way it will be forever. Instead it turned into this amazing reminder of how incredibly not alone I am in the world. IT was as they say, beautiful.
What is Anam Cara: "According to Celtic spiritual tradition, the soul shines all around the body like a luminous cloud. When you are very open ~ appreciative and trusting ~ with another person, your two souls flow together. This deeply felt bond with another person means you have found your anam cara, or 'Soul Friend.' Your anam cara always beholds your light and beauty, and accepts you for who you truly are. In Celtic spirituality, the anam cara friendship awakens the fullness and mystery of your life. You are joined in an ancient and eternal union with humanity that cuts across all barriers of time, convention, philosophy, and definition. When you are blessed with an anam cara, the Irish believe, you have arrived at that most sacred place: ~HOME~"
Tuesday, January 15, 2008
The change may have occurred already, not least because US markets are beset by credit woes, according to research by McKinsey Global Institute, a think-tank affiliated to the consultancy.
'We think the differential growth rates are so significant that it is quite likely Europe has overtaken the US,' said Diana Farrell, author of the report.
'They are now neck and neck, which means exchange rates are very important. It is a real change.'"
While it has only killed some 100 to 200 people annually over the past 20 years, plague has appeared in new countries in recent decades and is now shifting into Africa, Michael Begon, an ecologist at the University of Liverpool and colleagues said."
Monday, January 14, 2008
More than a whiff of poststructuralist angst emanates from 'Archaeology of the Crisis,' a report released this week by Moody's, the credit rating agency. The gist of the six-page report is that our current financial system has become so complex we no longer have any hope of truly understanding, or pricing, the real risk embodied in the complex financial instruments that tie the world's financial market participants together."
Risk traceability has declined, probably forever. It is extremely unlikely that in today's markets we will ever know on a timely basis where every risk lies.
This is a favorite theme of How the World Works, but we were still a trifle shocked to see such a message from Moody's. We've sure come a long way from the days when any critique of the "system" was met with a lecture on how innovation and risk dispersion had made global financial markets more stable. What a difference a meltdown makes! Remember, this downbeat assessment comes from an agency whose explicit market role is to evaluate risk -- a job that most observers now think Moody's and its brethren completely muffed. But instead of apologizing and promising to do better, Moody's is throwing up its hands in existential despair and declaring that, dangit, it's just too darn hard. Maybe even impossible!
I have, I think always, one of the most persistent cases of wanderlust I've known. To me, life has always felt ephemeral and so somehow moving around actually seemed to give me more grounding. More sense of being aligned with the essential nature of things. But this weekend, as I took stock and tried to organize my relatively meager possessions I was gripped by fear and anxiety of being in limbo again. Apparently, I have no issue with non-stop travel, but I fear not having a place with my stuff. I literally feared that while my "stuff" was nowhere or somewhere in between, the link between me and the real world could be much more easily severed and thus I could be evaporated somehow. It has been a while since I have had such a visceral reaction to life that is so clearly "irrational".
So I wrote the landlord and asked if I could get the keys a couple of days early. That way I cna bring car loads of certain stuff over before the move which will give me stuff in both places while my "stuff" is in limbo. This I am convinced will be enough to maintain the link between me and the real world. I might be a little bit crazy.
The report said the plans will be unveiled on Tuesday, when it reports its fourth-quarter results.
Citigroup is widely expected to report a quarterly loss and announce big lay-offs as it looks to cut costs in a tough business environment."
Saturday, January 12, 2008
Bhutto, apparently thinking she was greeting her supporters, emerged through the sunroof of the bulletproof car to wave.
It was Shah's job to clear the way for the motorcade. But 10 feet from where he was standing, a man in the crowd wearing a jacket and sunglasses raised his arm and shot at the former prime minister. 'I jumped to overpower him,' the deputy police superintendent said later. 'A mighty explosion took place soon afterwards.'"
"DEATH TO YOU AND ME BY A MILLION CUTS AND 'LITTLE FRAUDS'
First, we must recognize some facts: HMOs defraud their individual members out of $1,000 here, $2,000 there in specific instances. No single member is likely to sue over such small amounts, as aggravated as they may be. But the total value to the HMO forthese 'little' frauds is MILLIONS of dollars. Hospitals, particularly those like the ones I represent, can little afford to sue individually. Litigationis expensive -- not just in legal fees, but in the diversion of hospital administrative resources. On top of this, our state regulators are 'paper tigers,' or understaffed, or simply lack enforcement tools and a proper legislative framework."
Tuesday, January 08, 2008
Monday, January 07, 2008
SpaceCollective: recent activity:
"Civilization is an experiment, a very recent way of life in the human career, and it has a habit of walking into what I am calling progress traps. A small village on good land beside a river is a good idea; but when the village grows into a city and paves over the good land, it becomes a bad idea. While prevention might have been easy, a cure may be impossible: a city isn't easily moved. This human inability to foresee—or watch out for—long-range consequences may be inherent to our kind, shaped by millions of years when we lived from hand to mouth by hunting and gathering. It may also be little more than a mix of inertia, greed, and foolishness encouraged by the shape of the social pyramid. The concentration of power at the top of large-scale societies gives the elite a vested interest in the status quo; they continue to prosper in darkening times long after the environment and general populace begins to suffer.
- Ronald Wright, A Short History Of Progress, pages 108-109"
Friday, January 04, 2008
"'The kind of upheaval observed in the international money markets over the past few months has never been witnessed in history,' says Thomas Jordan, a Swiss central bank governor.
'The sub-prime mortgage crisis hit a vital nerve of the international financial system,' he says."
Thursday, January 03, 2008
The FDA had previously asked producers of cloned livestock not to sell food products from such animals pending its ruling on their safety, the Journal said on its Web site.
The decision would come after more than six years of wrestling with the question and would be a milestone for a small cadre of biotech companies that want to make a business out of producing cloned farm animals.
(Reporting by Yinka Adegoke; Editing by Tomasz Janowski)"
Commissioned by Nivea, the study found that not only did 68 per cent of females within this age group provide most of their household's income, but 29 per cent provided all of it.
Many of the women surveyed expressed a desire to have more support at work to help them perform their roles, with 27 per cent wanting the option of working from home and 26 per cent wishing to see better support from their employer generally."