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Create Digital Music » Video, Interview: ATOM by Robert Henke, Christoph Bauder – Musical Balloon Sculpture - http://createdigitalmusic.com/2009...
Owners of insolvent or barely solvent banks have strong incentives to favor risky behavior because losses are passed on to the insurer, whereas profits accrue to the owners. - http://quotingthecrisis.tumblr.com/post...
I propose a combination of mandatory recapitalisation of the banks and a debt Jubilee for the household sector to remove the two key obstacles to an economic revival. The mandatory recapitalisation would be first through new equity issuance in the market, then though mandatory debt-to-equity conversion and similar haircuts for unsecured bank... - http://quotingthecrisis.tumblr.com/post...
The financial crisis affects both component of productivity – capital accumulation through lower investment rates, and total factor productivity through the credit crunch – and this is likely to have a lasting negative long-term impact on potential output. In the short run, the effect on potential output growth is a fall of 1.6% in 2007 to 0.7% in... - http://quotingthecrisis.tumblr.com/post...
In the last cycle in the US, 20 years ago, private capital made massive profits from the savings and loans crisis partly because the government took on the losses and partly because the buyers were able to ride the powerful upward momentum of a recovering economy. - http://quotingthecrisis.tumblr.com/post...
the best strategies to improve, or at least not to diminish, the efficiency of an organization, when one ignores the actual way of competence transmission, are those of promoting an agent at random or of randomly alternating the promotion of the best and the worst members. - http://quotingthecrisis.tumblr.com/post...
Drumpants Turn Your Pants Into MIDI Instrument - http://www.garagecore.com/content...
d-touch Drum Machine with walnuts - http://www.youtube.com/watch...
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d-touch.org home page - http://d-touch.org/
d-touch is a visual markers recognition systems that enables the development of low-cost tangible user interfaces and mixed reality applications. d-touch supports markers that are both machine-readable and visually communicative to humans.
- Antoine Bertier
Much of the oast decades growth int he United States was fueled by credit, leverage, and borrowed money. The Asians growth has been powered by manufacturing, production and exports. And we are lecturing them to spend more and save less — you know, behave like us – more irresponsibly. WTF is THAT about? This is end of empire type stupidity … - http://quotingthecrisis.tumblr.com/post...
In the stock market, it happens every day. Brokers lend investor property to short sellers, often at annual yields in excess of 10 per cent, without notice to investors. After lending investor property, brokers have the gall to keep 100 per cent of the proceeds. […] Even though the shares have been lent and the retail investor is not legally... - http://quotingthecrisis.tumblr.com/post...
I just reached level 14. #spymaster http://playspymaster.com/
He suspected Joe Cassano didn’t understand what he had done, but even so Park was shocked by the magnitude of the misunderstanding: these piles of consumer loans were now 95 percent U.S. subprime mortgages. Park then conducted a little survey, asking the people around A.I.G. F.P. most directly involved in insuring them how much subprime was in... - http://quotingthecrisis.tumblr.com/post...
The superior availability of risk capital in the United States is widely thought to have contributed significantly to the New Economy lead the United States has taken. Unfortunately, financial markets also can and do shift the non-diversifiable risk in the economy to the imprudent, the reckless, and the fraudulent. The misalignment of the private... - http://quotingthecrisis.tumblr.com/post...
Based on analysts’ earnings forecasts for 2009, Goldman Sachs Group Inc. is on track to pay out as much as $20 billion this year, or about $700,000 per employee. That would be nearly double the firm’s $363,000 average last year, and slightly higher than the $661,000 for the average Goldman employee in fiscal 2007, according to analyst estimates... - http://quotingthecrisis.tumblr.com/post...
I just reached level 13. #spymaster http://playspymaster.com/
Macro-prudential regulation is about encouraging different behaviour than a prudent firm would follow, wherever this prudential behaviour could undermine the financial system if followed by everyone. It is rather like the paradox of saving. Individually saving is good; collectively we can have too much of it. - http://quotingthecrisis.tumblr.com/post...
Folks, if the banks want to serve consumers, they know how to do it. The big banks are just using consumers as a shield on this issue, like they used the threat of higher mortgage rates as a shield on the bankruptcy modification of mortgage loans. It is very hard to believe that the big banks really give a damn (pardon my English) about the... - http://quotingthecrisis.tumblr.com/post...
GE’s finance arm is not classified as a bank. Rather, it worked its way into the rescue program by owning two relatively small Utah banking institutions, illustrating how the loopholes in the U.S. regulatory system are manifest in the government’s historic intervention in the financial crisis. - http://quotingthecrisis.tumblr.com/post...
Motherbrain Explaining Step by Step Improv Jam in Ableton (featuring a random ringtone) - http://www.youtube.com/watch...
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For the first time in the Top 1000’s 39-year history, the top 25 banks – which account for almost 40% of the Top 1000’s Tier 1 capital and almost 45% of its total assets – recorded a loss, which totalled $32.37bn (-28.1% of Top 1000 profits). - http://quotingthecrisis.tumblr.com/post...
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