Citibank urges Pakistan to seek IMF help to avoid default
Why would Citi say this? Were they paid advisors? Seems odd
This seems like another example of a stretched bank looking to insure its loans.
There is trouble ahead I would think.
Comments and links to other interesting stories by Chris Warburton
Citibank urges Pakistan to seek IMF help to avoid default
Why would Citi say this? Were they paid advisors? Seems odd
This seems like another example of a stretched bank looking to insure its loans.
There is trouble ahead I would think.
I think this is a very interesting article.
Something I was pondering on (well similar in vain, but in a less sophisticated way).
Are there two or more dimensions?
Something with time doesn’t seem right, we have three main (perceived) physical dimensions, yet this strange and different dimension called time.
It is an unwritten assumption in all equations…. what if time doesn’t exist at all, maybe this is just a human artificial construct.
Could we re-write equations without time as a dimension at all.
I found this whilst researching twinkle twinkle little star.
I think that I shall never see
A planet fast as Mercury.
The clouds are so thick on Venus
The people there have never seen us.
I stand upon the planet Earth,
Place of my birth, for what it’s worth.
The surface of reddish Mars
Is much more cold and dry than ours.
The largest planet by far is Jupiter;
Knowing that, I feel slightly less stupider.
Icy rings make a lovely pattern
Circling the planet Saturn.
The fierce winds of Uranus
Are stronger than hurricane-s.
NASA’s Voyager 2 flew past Neptune
They won’t be sending another probe soon.
I tried to think of a rhyme for Pluto,
But it’s no longer considered a planet, you know?
Well I am now singing “twinkle twinkle little star” 20 times a night!
.. and only really knowing the first verse, this is getting tough.
So I have been updating it a bit more for or current thinking at the start of the 21st century, and spicing it up a bit with more educational content….
Twinkle twinkle little star
How I wonder what you are
Up above the world so high
Like a diamond in the sky
Twinkle twinkle little star
How I wonder what you are
Twinkle twinkle little star
Now we know what you are
Up above the world so high
Like a our sun, but far away
Twinkle twinkle little star
Now we know what you are
Twinkle twinkle Mercury
Why is it that you’re so hard see
Close to to sun, you do fly
Making it hard for the naked eye
Twinkle twinkle Mercury
Why is it that you’re so hard see
Twinkle twinkle little Venus
How far away are you from us
Nice and bright, in the sky
Next to Mercury you do fly
Twinkle twinkle little Venus
How far away are you from us
Twinkle twinkle little Mars
Do you hold life, we all ask
Spacehips go so hope we’ll know
You’re far away, so it maybe slow
Twinkle twinkle little Mars
Do you hold life, we all ask
Twinkle twinkle Jupiter
You’re a big planet that’s for sure
Thousand times the size of Earth
Almost a star, but avoided birth
Twinkle twinkle Jupiter
You’re a big planet that’s for sure
Twinkle twinkle big Saturn
With lots of rings you do turn
With you rings you look so nice
Who would think they were made of ice
Twinkle twinkle big Saturn
With lots of rings you do turn
Twinkle twinkle Uranus
Coldest planet we’ve visited in the universe
Cold and greenish you do fly
while on your side you do lie
Twinkle twinkle Uranus
Coldest planet we’ve visited in the universe
Twinkle twinkle blue Neptune
So far away it’s dark at noon
Clouds of gas and methane
Full of clouds and no terrain
Twinkle twinkle blue Neptune
So far away it’s dark at noon
Twinkle twinkle little Pluto
Are you a planet, we don’t know
If not a planet, maybe a moon
In any case we will see you soon
Twinkle twinkle little Pluto
Are you a planet, we don’t know
Twinkle twinkle little star
How I wonder what you are
Up above the world so high
Like a diamond in the sky
Twinkle twinkle little star
How I wonder what you are
Dedicated to Sophia, 2008
Let me know if you know rhymes for Eris, Larger Magellanic cloud, and NGC1952 (Crab Nebula)!
This product Litter Kwitter is right up there with the Flowbee on the most unusual of all time.
Flowbee is still a personal favorite though!
This is a good analogy in the difference between windows and linux, linked to my last post.
Linux isNOT Windows: “Look at it this way: Step outside and take a look at all the different vehicles driving along the road. These are all vehicles designed with more or less the same purpose: To get you from A to B via the roads. Note the variety in designs.
But, you may be thinking, car differences are really quite minor: they all have a steering wheel, foot-pedal controls, a gear stick, a handbrake, windows & doors, a petrol tank. . . If you can drive one car, you can drive any car!
Quite true. But did you not see that some people weren’t driving cars, but were riding motorbikes instead. . ?
Switching from one version of Windows to another is like switching from one car to another. Win95 to Win98, I honestly couldn’t tell the difference. Win98 to WinXP, it was a bigger change but really nothing major.
But switching from Windows to Linux is like switching from a car to a motorbike. They may both be OSes/road vehicles. They may both use the same hardware/roads. They may both provide an environment for you to run applications/transport you from A to B. But they use fundamentally different approaches to do so.
Windows/cars are not safe from viruses/theft unless you install an antivirus/lock the doors. Linux/motorbikes don’t have viruses/doors, so are perfectly safe without you having to install an antivirus/lock any doors.
Or look at it the other way round:”
Ananova – Victim offers robber a cuppa: “A Czech man abandoned an armed robbery after a shop assistant invited him for a ‘nice cup of tea and a piece of cake’.”
This just has to be my favorite story of the week.
Interesting article from the NY times.
In all of this discussion, although there is plenty of discussion around economics and fundamentals; it is the general mass population and their behaviour that is most important and acts as a magnifier of any effect. If they are happy and unconcerned, it all continues and the economy can slowly be let down. If they panic, all bets are off.
Slump Moves From Wall St. to Main St. – New York Times: “For the country as a whole, recent data shows that the economy is deteriorating at an accelerating rate. From September to January, average home prices fell 6 percent compared with a year earlier. Consumer confidence has been plummeting. The private sector shed 26,000 jobs in January and 101,000 in February, while those out of work have stayed jobless longer, according to the Labor Department.
Now, the broader discomfort is filtering into cities and towns that only recently seemed beyond reach.”
Subprime Losses, source BBC
Citigroup: $18bn
BBC NEWS | Business | JPMorgan to acquire Bear Stearns: “JPMorgan Chase has said it is to buy Wall Street’s fifth-largest investment bank Bear Stearns for $2 a share.”
BBC NEWS | Business | Bear Stearns gets emergency funds: “US bank Bear Stearns has got emergency funding, in a move that raises fears that one of Wall Street’s biggest names is on the verge of collapsing.”
Interesting article from the Telegraph in the UK. We will see what happens monday.
Panic is the concern now.
Fed’s interest rate cuts are worse than useless – Telegraph: “History will show that Ben Bernanke has failed to steer the US economy away from recession. And I won’t win many friends for saying this, but the Fed chairman and his acolytes have actually made America’s predicament much worse.”
BBC NEWS | Americas | Tent city highlights US homes crisis: “The meltdown in the US mortgage market has led to record foreclosures and forced thousands from their homes. In few places is it worse than southern California, where the BBC’s Rajesh Mirchandani reports on an extreme consequence of the downturn, but one that some observers fear could grow.”
So if Bear Sterns is being bailed out, where is the money coming from?
There is money being pumped into the markets this is very concerning. This is building up yet more problems in the future. At some point we are delaying the inevitable. There will be a correction, and we will see defaults on loans.
Wall Street fears for next Great Depression – Business News, Business – Independent.co.uk: “Wall Street is bracing itself for another week of roller-coaster trading after more than $300bn (£150m) was wiped off the US equity markets on Friday following the emergency funding package put together by the Federal Reserve and JPMorgan Chase to rescue Bear Stearns.
One UK economist warned that the world is now close to a 1930s-like Great Depression, while New York traders said they had never experienced such fear. The Fed’s emergency funding procedure was first used in the Depression and has rarely been used since.”
Looking at these pictures I just had to add this one. Is very exciting.
SPACE.com — Avalanche Photographed on Mars: “A NASA spacecraft has taken the first-ever image of an avalanche in action near Mars’ north pole.”
Buffet thinks we are in a recession and there is further to fall.
Would say I agree, but what is cheap. What would the Dow Jones be at to signal this…… sub 10,000?
Buffett waiting for shares to get “very cheap” – Telegraph: “The billionaire investor, who last week published his annual letter to Berkshire shareholders, said shares are not currently cheap and he’s waiting for them to become ‘very cheap’.”
Great article, that looks at this like a scientific problem….. where do all those teaspoons go. I love the idea of a halflife for teaspoons.
“The case of the disappearing teaspoons: longitudinal cohort study of the displacement of teaspoons in an Australian research institute”
The case of the disappearing teaspoons: longitudinal cohort study of the displacement of teaspoons in an Australian research institute — Lim et al. 331 (7531): 1498 — BMJ:
This article from USA today, this is the next crisis following the subprime crisis. People have borrowed too much, and this is unsustainable.
More Americans using credit cards to stay afloat – USATODAY.com: “More Americans using credit cards to stay afloat”
On Indie Music, I was taken back and having fun remembering Manchester Music from the 80’s, here are some links and bands etc (have copied in some of the good text below)
http://en.wikipedia.org/wiki/Indie_music_scenes#English_indie_scenes
Bands, remember these names
Bands that have emerged from the Manchester music scene include the Buzzcocks, The Fall, Joy Division and its successor group New Order, Happy Mondays, The Charlatans, Inspiral Carpets, James, The Stone Roses, and Oasis. The Chemical Brothers, although from southern England, formed in Manchester. Ex-Stone Roses frontman Ian Brown and ex-Smiths Morrissey continue successful solo careers. Other Greater Manchester natives include Richard Ashcroft and Jay Kay of Jamiroquai. (wikipedia, I remember the names though)
Also The Smiths, Cure, Cult, The Wedding Present (see to remember were big), House of Love, Spear of Destiny
Breathtaking Photos From Nature
These are just some amazing photos of nature on this website.