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POPSWall Street Derivatives: So complex as to be "Computationall intractable" MORE: In principle, an alert buyer can detect tampering even if he doesn't know which asset classes are the lemons: he simply examines all 1000 CDOs and looks for a suspicious overrepresentation of some of the asset classes in some of the CDOs. What Arora et al. show is that is an NP-complete problem ("densest subgraph"). This problem is believed to be computationally intractable; thus, even the most alert buyer can't have enough computational power to do the analysis. Arora et al. show it's even worse than that: even after the buyer has lost a lot of money (because enough mortgages defaulted to devalue his "senior tranche"), he can't prove that that tampering occurred: he can't prove that the distribution of lemons wasn't random. This makes it hard to get recourse in court; it also makes it hard to regulate CDOs. Everyone on Wall Street... UP AGAINST THE WALL, THE LOT OF YOU BASTARDS!
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POPSRecommended Reading: Much Of Afghan Drug Money Going To 'Our Friends'
"The cost of this may well go beyond the effect on the heroin shipments. When we sat down this week with Amin Tarzi, director of Middle East Studies at the Marine Corps University and a native Afghan, he said that the United States has lost credibility with the Afghan populace by allying itself with warlords who have been known across Afghanistan for many years as criminals. We have, he says, handed a golden issue to the Taliban. They first took power in the 1990's by charging that the existing government was corrupt. Now they can say it again. (Steve Inskeep co-hosts Morning Edition. This is the first in a series of "recommended reading" posts we plan that highlight stories NPR hosts have heard, read or seen that they think are worth noting.)" When you realise that the CIA are indirectly (plausible deniability) responsible for Al Qaeda's actions,and that Bin Laden was and still is a CIA asset, who was sent in by them during the cold war to destabilise Russia, then it makes a
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POPSInsurance Reviews In today’s world, you’re at risk almost all the time. The risk may be to your life or any asset that could cause you financial losses. Even though you cannot get your life back once lost, you can definitely cover up the expenditures and losses incurred on your assets via insurance. For example, if your car gets vandalized or maybe you crash into someone and your car gets severely damaged, you’d incur expenses of thousands of dollars. However, you can easily cover this by using your car insurance.
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POPSInsurance Reviews In today’s world, you’re at risk almost all the time. The risk may be to your life or any asset that could cause you financial losses. Even though you cannot get your life back once lost, you can definitely cover up the expenditures and losses incurred on your assets via insurance. For example, if your car gets vandalized or maybe you crash into someone and your car gets severely damaged, you’d incur expenses of thousands of dollars. However, you can easily cover this by using your car insurance.
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POPSInsurance Reviews In today’s world, you’re at risk almost all the time. The risk may be to your life or any asset that could cause you financial losses. Even though you cannot get your life back once lost, you can definitely cover up the expenditures and losses incurred on your assets via insurance. For example, if your car gets vandalized or maybe you crash into someone and your car gets severely damaged, you’d incur expenses of thousands of dollars. However, you can easily cover this by using your car insurance.
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POPSGovernment Bails Out Tax Deliquent Companies Rep. Lewis calls this a shameful disgrace, I simply say this is total incompetence. Do you not think the VERY FIRST QUESTION anyone should have asked these companies seeking a hand out was DO YOU OWE TAXES? The blind are surely leading the blind and as we can see they all fall into a ditch. CAN WE STOP THE MADNESS NOW? Talk about MARCH TO MADNESS! Beam me up all intelligence is lost down here. Eagle Out!
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POPSAsian Stocks Gain on Bank Stakes Plan; Treasuries,Yen Decline Standard & Poor's 500 Index futures gained 2.1 percent. S&P rebounded yesterday from its worst week in 75 years with an 11.6 percent advance, its steepest since 1939. Europe's Dow Jones Stoxx 600 Index rose 9.9 percent, a record gain. The Bush administration will invest about $125 billion in nine banks including Citigroup Inc., Goldman Sachs Group Inc. and Morgan Stanley, said the people. France, Germany, Spain, the Netherlands and Austria have committed $1.8 trillion to guarantee bank loans and take stakes in lenders. Governments across the globe stepped up measures to support banks after global stock markets lost $7 trillion of their value last week, driving the MSCI World Index down 20 percent, on concern frozen credit markets will trigger an economic collapse.
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POPSJeremiah Owyang - Challenges of the Enterprise INTRAnet Jeremiah is becoming one of my favorite bloggers on social tools and the enterprise lately. This post made me think about an old employer and how they used their Intranet - barely more than a way to provide down-loadable HR docs <sigh>. They didn't get it, and I'm afraid many mid-size companies will for some time.
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POPSF*cked Company 2.0 Should have spent a little more and bought Mozilla! These M&A guys don't realize how fast an Internet asset can fail if not properly positioned w/n the acquiring company. I'm sure they're all making reservations at whatever resort is harboring Ken Lay right now
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POPS"A Love Story" gone sour. "Our Best Friend in EU" GONE ??? "America, America: After a visit to Poland, veteran New York Times journalist Thomas Friedman approvingly quoted Michael Mandelbaum, a foreign affairs expert, who described it as "the most pro-American country in the world - including the US." "The Poles are especially grateful to the United States for its support of the Solidarity movement during the period of the communist regime, for its part in the toppling of the Berlin Wall, and for the co-option of Poland to NATO in 1999. "Schooled in humiliation, and having lost its independence time and again, Poland is today linking its security and its future to maintaining close ties with the world's only superpower." ...Haaretz Oct 21 2007
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POPSHitting Home If it's not bad enough that some people are losing their jobs and major university endowments (not to mention public pension plans) stand to lose on their investments, now fund managers who bet poorly and lost big in the July market rout are being forced to sell off their own yachts and vacation homes. -- Liz Moyer
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POPSThank Heaven for Little...Boys? Maurice Chevalier would be so disappointed. I *really* don't want to sit in judgement upon a culture about which I am largely ignorant, but this preference seems alarmingly short-sighted. On a biological level, it doesn't make much long-term sense. Let's say that parents depend on their son(s) to provide for them in their old age--is it crazy to imagine that their daughter-in-law would be a critical component in their care? How, precisely, do bachelor sons care for elderly parents. I'd love to be enlightened on this issue. Can anyone help me understand this?
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POPSThe Military is sending some amputees back into combat I do not doubt the courage of these heroic soldiers who are asking to be sent back into active duty, and sometimes combat after losing a limb(s) in the Iraq war. But isn't it kinda interesting how the military says ALL of our soldiers have talents and abilities that are needed and if an amputee wants to remain on active duty, or combat, and they are able to do so, they will be sent back, and yet at the same time, they see fit to discharge interpreters, translators, combat personnel etc, simply for being gay?
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