Federal regulators accused Maurice R. Greenberg, the former chief executive of the beleaguered American International Group, on Thursday of overseeing deals that fraudulently overstated A.I.G.’s financial position, charges that came after a four-year investigation.
Mr. Greenberg, 84, will pay $15 million to settle the suit, an agreement that was announced simultaneously as the government described the charges against him.
send me some of this trade data offline. There are a variety of estimates, Hira has some, EPI has quite a number, Sloan might have some, but it's called "dig around and get that data yourself", which very obviously is absurdly time consuming, fraught with errors due to inaccurate reporting or no reporting...(of let's say GM opens up a new plant in China and claims to create 5k jobs...
well, it might in reality be 20k jobs or it might be in reality 3k jobs....because corporations hide this data...they also might not even announce R&D investments too).
still can see it, new bug (or this is why I haven't upgraded.....so much of the code I have to do myself....open source ain't all it's cracked up to be otherwise known as - what do you want trying to pay people 3k for 3 months of work, Google "summer of code" cheap asses?)
Several cities. Detroit, Indy I know of have landbanks operating. Basically the idea is to try to raze the house, and use the land for something else.
Urban farms are popping up, and it's actually very cool, because being able to drop fresh food directly into the market saves on transport costs. Cities in Cuba, Havana in particular get most of their fresh produce from within the city boundaries.
There's no reason we can't do the same.
Even cooler (quite literally given the effect trees have on microclimates) is the idea of urban orchards.
Basically you take a shitty little lot where there was a crack house, you can raze the house. Plant trees, drop in gravel pathways, plant English ivy or other low maintenance groundcover around the trees. And the crackhouse goes from dragging the neighborhood down to building it up. And if cities do them right (gates are essential for the night) they become low cost pocket parks.
I need something that says "What is CP and what does that mean to me" big huge overview post.
This is something, I don't know if you remember this, but I do....as I went swimming around in economic topics with little background, trying to figure out why, when people had outrageous, incredible skills, so much to offer, they were being fired like Schindler's List....just how much education and learning is involved and just how difficult it is, without doing all of that homework, to understand why a particular event, statistic, market is so critical to them.
ya know? How many news casts would just jump into the middle of a story on some obscure country in the middle of Asia, rambling on about pipelines, or oil rights, while the audience is saying, what the hell is Kazakhstan? Is that some sort of rice dish?
about trade is because there are ten billion trade openness indexes available. Not so much (that I know of at least) with outsourcing. Maybe Ron Hira would have something?
I would not claim it's "trade" per say and we have another most difficult raw data issue implied here, which is we cannot get an accurate, direct tally of the jobs offshore outsourced and even more insidious, how many jobs would have been created if they were not offshore outsourced.
So, 100% finished product, i.e. the trading of goods and not the elements of production, capital, I wouldn't expect those to create a deviation from the norm....
Anywho I wanted to differentiate between labor arbitrage vs. what one thinks of conceptually as trade.
Oops, them big ass words r' poppin' out....we're going to have to translate every single difficult concept to blogger speak, to real words everyone can understand btw.
The Federal Reserve calculates and published the total amount of CP outstanding every week and as of the latest published period, commercial paper outstanding is contracting at nearly the fastest rate on record, registering a whopping 37.60% decline year-over-year.
Another important insight, at $1.076 trillion the total CP market is now 15.40% smaller than the $1.272 trillion seen at the bottom of the last contraction in late 2003.
So, if we're going into the hard core analysis here, well, frankly feeding the pig, that is EP the blog will slow down...
it's way easier for me to post little data blurbs etc. that go off and calculate something....
Just sayin'.
Then, another thing, let's check each other's statistics and calculations when doing this....I mean it's one thing for Nobel Prize winners to screw up in a blog post, it's another for the official layperson's blog to write up inaccurate calculations, data points.
pointed to outsourcing/free trade is what broke Okun's law. Since you're the math fiend, I'll ask the following. I vaguely remember suffering through my linear regression models course, and I'm thinking that you could take that fitted line and superimpose the standard deviation onto it. So +/- 1 SD gives you ~67% of all predicted cases, +/- 2 SD 97%, +/- 3 SD 99.7% and so on.
So we could get an idea of how much of an outlier this is.
Further, it would be interesting if there was a way to calculate the effect of outsourcing, and run that as a second IV in the regression. Hmmm.... Maybe a trade openess index, of which there should be at least one available online.
It's one thing to say this, it's another entirely to demonstrate it with their own models.....
I've got news for you, Anonymous Drive-By from California...
Did the post say the whole state of Alabama was calling in the National Guard? No, it said Jefferson Co., which is where the city of Birmingham is located. Do you know why the people of this city are having to scrimp and scrape for money? Because it's run by blacks who don't know how to do anything but pocket the money for themselves. The mayor was recently on trial, and so were many other elected officials. I would say our state is in the same predicament as the rest of the country because our President is black and he isn't doing any better a job at running the country.
So...I think the people who are gonna 'rot in hell', as you put it, are the ones who voted for the dumbasses running our country and our cities in the ground.
This may causing other problems besides foreclose risks. A person who may want to purchase a new home or just relocate may not be able to if they have negative equity. Most people don't have the extra cash to pay-off remaining balance of mortgage loan after sale.
It would seem that more people need to pay more attention to history. Those who ignore it are doomed to repeat it. There could very well be trouble ahead. casino en ligne
I believe that was the projected actual foreclosures.
While this is astounding, I think maybe you should note you are claiming there is a foreclosure connection simply due to someone owing so much more than a home is actually worth.
But I see another view...the great ATM of America just turned into the credit card with that lovely high balance and a default interest rate.
President Bush was president when this poor guy was laid off! It had nothing whatsoever to do with then president elect Obama!! IT had everything to do with profits, nothing to do with the presidedent-elect.
mortgage.freedomblogging.com (haven't people learned the art of domains and redirects?)..
has a graph that will show the tsunami approaching land.
big h/t (CR)
New York Times:
send me some of this trade data offline. There are a variety of estimates, Hira has some, EPI has quite a number, Sloan might have some, but it's called "dig around and get that data yourself", which very obviously is absurdly time consuming, fraught with errors due to inaccurate reporting or no reporting...(of let's say GM opens up a new plant in China and claims to create 5k jobs...
well, it might in reality be 20k jobs or it might be in reality 3k jobs....because corporations hide this data...they also might not even announce R&D investments too).
still can see it, new bug (or this is why I haven't upgraded.....so much of the code I have to do myself....open source ain't all it's cracked up to be otherwise known as - what do you want trying to pay people 3k for 3 months of work, Google "summer of code" cheap asses?)
Several cities. Detroit, Indy I know of have landbanks operating. Basically the idea is to try to raze the house, and use the land for something else.
Urban farms are popping up, and it's actually very cool, because being able to drop fresh food directly into the market saves on transport costs. Cities in Cuba, Havana in particular get most of their fresh produce from within the city boundaries.
There's no reason we can't do the same.
Even cooler (quite literally given the effect trees have on microclimates) is the idea of urban orchards.
Basically you take a shitty little lot where there was a crack house, you can raze the house. Plant trees, drop in gravel pathways, plant English ivy or other low maintenance groundcover around the trees. And the crackhouse goes from dragging the neighborhood down to building it up. And if cities do them right (gates are essential for the night) they become low cost pocket parks.
I need something that says "What is CP and what does that mean to me" big huge overview post.
This is something, I don't know if you remember this, but I do....as I went swimming around in economic topics with little background, trying to figure out why, when people had outrageous, incredible skills, so much to offer, they were being fired like Schindler's List....just how much education and learning is involved and just how difficult it is, without doing all of that homework, to understand why a particular event, statistic, market is so critical to them.
ya know? How many news casts would just jump into the middle of a story on some obscure country in the middle of Asia, rambling on about pipelines, or oil rights, while the audience is saying, what the hell is Kazakhstan? Is that some sort of rice dish?
about trade is because there are ten billion trade openness indexes available. Not so much (that I know of at least) with outsourcing. Maybe Ron Hira would have something?
happened, hence jumping directly to the nuclear option.
I would not claim it's "trade" per say and we have another most difficult raw data issue implied here, which is we cannot get an accurate, direct tally of the jobs offshore outsourced and even more insidious, how many jobs would have been created if they were not offshore outsourced.
So, 100% finished product, i.e. the trading of goods and not the elements of production, capital, I wouldn't expect those to create a deviation from the norm....
Anywho I wanted to differentiate between labor arbitrage vs. what one thinks of conceptually as trade.
Oops, them big ass words r' poppin' out....we're going to have to translate every single difficult concept to blogger speak, to real words everyone can understand btw.
The CP market is not healthy at all.
Here's a new term that I haven't seen before. It might catch on.
I just added mimeTex, which is a faster way to add LaTeX type setting server side. I also added on online grapher for raw data.
See Math EQ's & Graphs on EP in the admin section.
So, if we're going into the hard core analysis here, well, frankly feeding the pig, that is EP the blog will slow down...
it's way easier for me to post little data blurbs etc. that go off and calculate something....
Just sayin'.
Then, another thing, let's check each other's statistics and calculations when doing this....I mean it's one thing for Nobel Prize winners to screw up in a blog post, it's another for the official layperson's blog to write up inaccurate calculations, data points.
my bad, I didn't read the entire comment in the moderation queue.
Time to test the "hide comment" feature on EP then.
I understand the anger at telling Alabama to go rot, but.....
seriously blaming it on black folks. Seriously...
This has nothing to do with race. It has to do with fiscal issues and an economic crisis.
You might want to consider taking the sheets off.
It is the 21st century.
pointed to outsourcing/free trade is what broke Okun's law. Since you're the math fiend, I'll ask the following. I vaguely remember suffering through my linear regression models course, and I'm thinking that you could take that fitted line and superimpose the standard deviation onto it. So +/- 1 SD gives you ~67% of all predicted cases, +/- 2 SD 97%, +/- 3 SD 99.7% and so on.
So we could get an idea of how much of an outlier this is.
Further, it would be interesting if there was a way to calculate the effect of outsourcing, and run that as a second IV in the regression. Hmmm.... Maybe a trade openess index, of which there should be at least one available online.
It's one thing to say this, it's another entirely to demonstrate it with their own models.....
I've got news for you, Anonymous Drive-By from California...
Did the post say the whole state of Alabama was calling in the National Guard? No, it said Jefferson Co., which is where the city of Birmingham is located. Do you know why the people of this city are having to scrimp and scrape for money? Because it's run by blacks who don't know how to do anything but pocket the money for themselves. The mayor was recently on trial, and so were many other elected officials. I would say our state is in the same predicament as the rest of the country because our President is black and he isn't doing any better a job at running the country.
So...I think the people who are gonna 'rot in hell', as you put it, are the ones who voted for the dumbasses running our country and our cities in the ground.
This may causing other problems besides foreclose risks. A person who may want to purchase a new home or just relocate may not be able to if they have negative equity. Most people don't have the extra cash to pay-off remaining balance of mortgage loan after sale.
RebelCapitalist.com - Financial Information for the Rest of Us.
It would seem that more people need to pay more attention to history. Those who ignore it are doomed to repeat it. There could very well be trouble ahead. casino en ligne
I believe that was the projected actual foreclosures.
While this is astounding, I think maybe you should note you are claiming there is a foreclosure connection simply due to someone owing so much more than a home is actually worth.
But I see another view...the great ATM of America just turned into the credit card with that lovely high balance and a default interest rate.
President Bush was president when this poor guy was laid off! It had nothing whatsoever to do with then president elect Obama!! IT had everything to do with profits, nothing to do with the presidedent-elect.
Pages