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http://www.economist.com/finance/displayStory.cfm?story_id=11901591&source=features_box_main Aug 7th 2008 From The Economist print edition An insider explains why it is so hard to stop traders behaving recklessly IN JANUARY 2007 the world looked almost riskless. At the beginning of that...

The article is available at RGEmonitor http://www.rgemonitor.com/latam-monitor/252960/why_brazilians_should_demand_the_renationalization_of_petrobras

Firms Still Have Fans Not everyone is giving up on Fannie and Freddie, however. Indeed, the mortgage companies have a legion of devoted fans, some of whom have been buying shares in recent months and now are suffering. Legg Mason Capital Management Inc. owned 50.2 million shares of Freddie as...

"Fannie Mae and Freddie Mac are too important to go under," said Democratic Sen. Charles Schumer of New York. "...If they need additional support, Congress will act quickly." But he added in an interview: "We're not at that stage. I hope and think it won't be needed." Congress created Fannie...

http://online.wsj.com/article/SB121577699220645703.html?mod=hps_us_whats_news Mortgage Giants Face Pressure Over Capital Paulson Says U.S. Focus Is on Supporting Fannie Mae, Freddie Mac in 'Current Form' By JAMES R. HAGERTY, GREGORY ZUCKERMAN and CRAIG KARMIN July 11, 2008 11:02 a.m...

This seems to be the cause. The time stamp shows July 10, 2008 23:47 EDT.

ES jumped from 1252 to 1262 within 10-15min but then dropped back to original level just now (12:30). I can't find any news explaining this. Anyone can give me some insights?

BTW, cost of living may actually be higher in some of the big cities in Asia... Let me give u a few examples: i) 1 kg of beef cost USD40-50 in Korea ii) In Hongkong, a regular flat of ~60 sq meter costs USD450k (60 sq meter is just the construction area, actual usable area is just 40-45 sq...

http://www.visualizingeconomics.com/category/superrich/

You must watch these.... unbelievably good... http://www.gapminder.org/video/talks

With just ~$50k annual income you can make it to the top 1%. http://www.globalrichlist.com/

That is the case in US but in Japan the other side doesn't the obligation to accept. In this case, the institutional traders accepted to void the trade but none of the individual traders agreed. And this guy is making money not just out of this trade. He seems to be a consistent day trader...

http://www.japanprobe.com/?p=4644 On October 9, TV Tokyo broadcasted a special program that consisted of information about US subprime mortgage woes, worldwide market turmoil in this summer and gold market price. This man(29-years-old) is most famous Japanese individual stock day trader...

BTW, a regular flat in HK costs ~HKD5-6k per square feet (USD600-700/sq feet). A better one costs >USD1000/sq feet. Education here is expensive too. A better kindergarten costs USD500 per mth. If you want an international school then it is even more expensive. Some international...

Thre aren't enough international schools in HK now. You had better check whether there is vacancy first if you want to come here. Both SG and HK are small places. It is likely that you may want to explore the bigger region around them after a while. If you are in SG you may explore...

I believe I hv heard that she was not charged for misleading the clients back in 2000 b'coz she genuinely believed in her advices. Whereas others (like that guy in CSFB) deliberately lied.

http://big5.ce.cn/cysc/sp/info/200805/21/t20080521_15556238.shtml Just to follow up on this case... i) McDonald's has apologized. ii) They explain that they learnt late of the announcement of the national mourning. When they knew it they tried to withdraw the ad but it was too late b'coz...

Let me add to my list of distortions vii) Regarding Capablanca's comment that Chinese translation of foreigner is "foreign evil", here is the explanation: - when Chinese public first met the Westerners l50 yrs ago, they gave them nicknames "Red Hair, Green Eyes", "Foreign Ghost People", etc...

Just to be fair, i) there is censorship in China but it is ridiculous to say that normal Chinese can't access internet. ii) most ordinary Chinese think that the Communist Party is the biggest organized gang in China. Having that said, most of us think that China situation is too...

A lot of times if you take the nation factor out of the equation things will get clearer. So let's say US had a 3 days of mourning after Katrina or 9-11, you went to the old WTC site and saw Disney figures dancing and bouncing around handing out balloons, would you consider this as a...