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Late-2000s Recession Latest News: Do We Really Need a Bigger IMF?
Do We Really Need a Bigger IMF?
Despite the progressive weakening over the past three years of the arguments favoring a larger IMF, the U.S. administration continues to badger a reluctant U.S. Congress for an effective doubling in the IMF?s size.
http://us.rd.yahoo.com/finance/news/rss/story/SIG=14jnrc0gb/*http%3A//us.rd.yahoo.com/finance/news/topfinstories/SIG=12glmpbpj/*http%3A//finance.yahoo.co
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Ron Paul Predicts the Great Recession: Austrian School of Economics
http://thefilmarchive.org/
1988
The 2008--2012 global recession, sometimes referred to as the late-2000s recession, Great Recession, the Lesser Depression, or the Long Recession, is a marked global economic decline that began in December 2007 and took a particularly sharp downward turn in September 2008. The global recession affected the entire world economy, with higher detriment in some countr
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The Amazingly Accurate Predictions of Ron Paul
1988 The 2008--2012 global recession, sometimes referred to as the late-2000s recession, Great Recession, the Lesser Depression, o.
1988 The 2008--2012 global recession, sometimes referred to as the late-2000s recession, Great Recession, the Lesser Depression, o.
Please like, share, subscribe & comment! Video by You know a man by his record. This video reveals.
A video of those who predicted t
-
U.S. Job Losses, Women Voters and the Economy, Recession, Tax Cuts for the Wealthy (2012)
http://thefilmarchive.org/
April 11, 2012
Many jobs have been lost worldwide since the start of the late-2000s recession. In the US, job losses have been going on since December 2007, and it accelerated drastically starting in September 2008 following the bankruptcy of Lehman Brothers.[1] By February 2010, the American economy was reported to be more shaky than the economy of Canada. Many servic
-
The Future of Investing: How to Deal with the Financial Crisis and Invest in Stocks (2009)
United States policy responses to the late-2000s recession explores legislation, banking industry and market volatility within retirement plans.
The Federal Reserve, Treasury, and Securities and Exchange Commission took several steps on September 19 to intervene in the crisis caused by the late-2000s recession. To stop the potential run on money market mutual funds, the Treasury also announced on
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The Future of Investing: How to Deal with the Financial Crisis and Invest in Stocks (2009)
United States policy responses to the late-2000s recession explores legislation, banking industry and market volatility within retirement plans. The Federal .
In 2009, Warren Buffett invested $2.6 billion as a part of Swiss Re's raising equity capital.[55][56] Berkshire Hathaway already owns a 3% stake, with rights to .
Personal finance refers to the financial management of which an individual
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Women in Finance and the Economic Recovery: Elizabeth Warren (2010)
United States policy responses to the late-2000s recession explores legislation, banking industry and market volatility within retirement plans.
The Federal Reserve, Treasury, and Securities and Exchange Commission took several steps on September 19 to intervene in the crisis caused by the late-2000s recession. To stop the potential run on money market mutual funds, the Treasury also announced on
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THE GREAT RECESSION & the GLOBAL Economic CRISIS - CROSSTALK
The IMF has released a report that predicts the hoped-for global economic growth is again endangered. Why is this happening? Why has the Great Recession come back so early? Did it ever end? Has austerity made things worse? And is there a way to avoid the 'fiscal cliff' issue in Washington? CrossTalking with Seijiro Takeshita, Martin Hennecke and Chris Cutrone.
The 2008--2012 global recession, so
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Warren Buffett: How Will Moral Standards Affect Business and Finance in the Future?
Buffett ran into criticism during the subprime crisis of 2007--2008, part of the late 2000s recession, that he had allocated capital too early resulting in suboptimal deals. "Buy American. I am." he wrote for an opinion piece published in the New York Times in 2008. Buffett has called the 2007--present downturn in the financial sector "poetic justice." Buffett's Berkshire Hathaway suffered a 77% d
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Transportation, Construction Workers, Afghanistan War, Economic Recovery (March 19, 2012)
http://thefilmarchive.org/
March 19, 2012
The late-2000s recession, sometimes referred to as the Great Recession, the Lesser Depression, or the Long Recession, is a marked global economic decline that began in December 2007 and took a particularly sharp downward turn in September 2008. The Great Recession has affected the entire world economy, with higher detriment in some countries than others.
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Understanding the International Economy: World Trade, World Bank (2002)
Soros had been building a huge position in pounds sterling for months leading up to September 1992. Soros had recognized the unfavorable position of the United Kingdom in the European Exchange Rate Mechanism. For Soros, the rate at which the United Kingdom was brought into the European Exchange Rate Mechanism was too high, their inflation was also much too high (triple the German rate), and Britis
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Efren Reyes - Francisco Bustamante. World Pool Championship 1999 Semifinal
Efren "Bata" Reyes - Francisco "Django" Bustamante. World Pool Championship 1999 Semifinal
年九球世界锦标赛
The first World Nine-ball Championship was held in 1990. The event was organised solely by the WPA from this inauguration through 1999.[clarification needed] In July 1999, Matchroom Sport attempted to get involved with the organisation of the event, but their bid failed. The WPA event was played
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Great Recession
The Great Recession (also referred to as the Second Great Depression, Lesser Depression, the Long Recession, or the global recession of 2009) was a global economic decline in the late 2000s decade. The effects of this economic downturn are having a continued influence into 2014.
The exact start and end-point for the recession at the national level, however greatly varied from country to country, a
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What Is Wrong with Capitalism? George Soros on Reforming the International Financial System (2001)
Despite working as an investor and currency trader, Soros argues that the current system of financial speculation undermines healthy economic development in many underdeveloped countries. He blames many of the world's problems on the failures inherent in what he characterizes as market fundamentalism. His opposition to many aspects of globalization has made him a controversial figure.
Victor Nied
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How to Grow Your Wealth in Times of Economic Crisis: Investing Advice & Personal Finance (
United States policy responses to the late-2000s recession explores legislation, banking industry and market volatility within retirement plans. The Federal .
Personal finance refers to the financial management of which an individual or a family unit is required to make to obtain, budget, save, and spend monetary r.
In finance, investment is the purchase of an asset or item with the hope that it
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Tourist
Tourism has become a popular global leisure activity. After slowly recovering from the contraction resulting from the late-2000s recession, where tourism suffered a strong slowdown from the second half of 2008 through the end of 2009, and the outbreak of the H1N1 influenza virus,[2][3] international tourist arrivals surpassed the milestone 1 billion tourists globally for first time in history in 2
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Efren Reyes vs Hwa Jeong Young - 2014 World 9-ball Championship
LIKE | COMMENT | SHARE | SUBSCRIBE
The WPA World Nine-ball Championship is an annual, international, professional nine-ball pool (pocket billiards) tournament, founded in 1990, sanctioned by the World Pool-Billiard Association (WPA), and principally sponsored and organised by Matchroom Sport (who provide the event's official website, under the less specific name World Pool Championship). It is di
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Inglorious Basterds / Post Grad - Double Movie Review
During World War II a group of Jewish-American soldiers known as "The Basterds" are chosen specifically to spread fear throughout the Third Reich by scalping and brutally killing Nazis.
Ryden Malby graduates from college in the middle of the late 2000s recession and is forced to move back in with her parents, because her dream job has been given to her college nemesis Jessica Bard.
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Costanera Center is the tallest building in South and Latin Amarica
The Costanera Center is a business and commercial complex that includes a six-floor shopping mall, the Gran Torre Santiago and three other skyscrapers - two high-end hotels and an office building. The complex is located in the commune of Providencia, Santiago, Chile, and is owned by the holding Cencosud. The tallest of the four buildings, the Gran Torre Santiago, was designed by architect César Pe
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Costanera Center the Amazing earthquake proof building ever built, Chile
The Costanera Center is a business and commercial complex that includes a six-floor shopping mall, the Gran Torre Santiago and three other skyscrapers - two high-end hotels and an office building. The complex is located in the commune of Providencia, Santiago, Chile, and is owned by the holding Cencosud. The tallest of the four buildings, the Gran Torre Santiago, was designed by architect César Pe
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Colorful Costanera center in Santiago, Chile
The Costanera Center is a business and commercial complex that includes a six-floor shopping mall, the Gran Torre Santiago and three other skyscrapers - two high-end hotels and an office building. The complex is located in the commune of Providencia, Santiago, Chile, and is owned by the holding Cencosud. The tallest of the four buildings, the Gran Torre Santiago, was designed by architect César Pe
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Has Irrational Exuberance Inflated Stock and Bond Values? Dow Prices (1996)
"Irrational exuberance" is a phrase used by the then-Federal Reserve Board chairman, Alan Greenspan, in a speech given at the American Enterprise Institute during the Dot-com bubble of the 1990s. The phrase was interpreted as a warning that the market might be somewhat overvalued.
Greenspan's comment was made on December 5, 1996 (emphasis added in excerpt):
Clearly, sustained low inflation i
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Christopher Hitchens on Media, Political Views, Ideology, Beliefs - Interview (1987)
Alexander Linklater has summarized Hitchens' intellectual outlook as follows:
One of [Hitchens'] old strongholds [was] the 17th-century contest between king and parliament of the English civil war. For Hitchens, the Cromwellian revolt represents not just the foundational struggle for parliamentary rule, but the great rejection of divine right. ... But he is no optimistic Enlightenment rationalist.
Late-2000s Recession Latest News: Do We Really Need a Bigger IMF?
Do We Really Need a Bigger IMF?
Despite the progressive weakening over the past three years of the arguments favoring a larger IMF, the U.S. administration cont...
Do We Really Need a Bigger IMF?
Despite the progressive weakening over the past three years of the arguments favoring a larger IMF, the U.S. administration continues to badger a reluctant U.S. Congress for an effective doubling in the IMF?s size.
http://us.rd.yahoo.com/finance/news/rss/story/SIG=14jnrc0gb/*http%3A//us.rd.yahoo.com/finance/news/topfinstories/SIG=12glmpbpj/*http%3A//finance.yahoo.com/blogs/the-exchange/really-bigger-imf-185711250.html?l=1
China's economy stumbles in May, growth seen sliding in Q2
Risks are rising that China's economic growth will slide further in the second quarter after weekend data showed unexpected weakness in May trade and domestic activity struggling to pick up. Evidence has mounted in recent weeks that China's economic growth is fast losing momentum but Premier Li Keqiang tried to strike a reassuring note, saying the economy was generally stable and that growth was within a "relatively high and reasonable range".
http://news.yahoo.com/chinas-economy-stumbles-may-growth-seen-sliding-q2-211110956.html
Tangle of data puts policymaking on pause
In the past two weeks financial markets have become convinced that two years of one-way traffic from the developed world's central banks on policy is coming to an end.Since the euro zone's sovereign debt crisis administered another jolt to the global economy three years ago, central bank decisions on more monetary easing have not so much been a question of if, but when. The same has largely gone for a fragile U.S. recovery.
http://us.rd.yahoo.com/finance/news/rss/story/SIG=14nctr3ff/*http%3A//us.rd.yahoo.com/finance/news/topfinstories/SIG=12kt7gk4l/*http%3A//finance.yahoo.com/news/tangle-data-puts-policymaking-pause-191044259.html?l=1
http://www.wochit.com
wn.com/Late 2000S Recession Latest News Do We Really Need A Bigger Imf
Do We Really Need a Bigger IMF?
Despite the progressive weakening over the past three years of the arguments favoring a larger IMF, the U.S. administration continues to badger a reluctant U.S. Congress for an effective doubling in the IMF?s size.
http://us.rd.yahoo.com/finance/news/rss/story/SIG=14jnrc0gb/*http%3A//us.rd.yahoo.com/finance/news/topfinstories/SIG=12glmpbpj/*http%3A//finance.yahoo.com/blogs/the-exchange/really-bigger-imf-185711250.html?l=1
China's economy stumbles in May, growth seen sliding in Q2
Risks are rising that China's economic growth will slide further in the second quarter after weekend data showed unexpected weakness in May trade and domestic activity struggling to pick up. Evidence has mounted in recent weeks that China's economic growth is fast losing momentum but Premier Li Keqiang tried to strike a reassuring note, saying the economy was generally stable and that growth was within a "relatively high and reasonable range".
http://news.yahoo.com/chinas-economy-stumbles-may-growth-seen-sliding-q2-211110956.html
Tangle of data puts policymaking on pause
In the past two weeks financial markets have become convinced that two years of one-way traffic from the developed world's central banks on policy is coming to an end.Since the euro zone's sovereign debt crisis administered another jolt to the global economy three years ago, central bank decisions on more monetary easing have not so much been a question of if, but when. The same has largely gone for a fragile U.S. recovery.
http://us.rd.yahoo.com/finance/news/rss/story/SIG=14nctr3ff/*http%3A//us.rd.yahoo.com/finance/news/topfinstories/SIG=12kt7gk4l/*http%3A//finance.yahoo.com/news/tangle-data-puts-policymaking-pause-191044259.html?l=1
http://www.wochit.com
- published: 10 Jun 2013
- views: 37
Ron Paul Predicts the Great Recession: Austrian School of Economics
http://thefilmarchive.org/
1988
The 2008--2012 global recession, sometimes referred to as the late-2000s recession, Great Recession, the Lesser Depression, or...
http://thefilmarchive.org/
1988
The 2008--2012 global recession, sometimes referred to as the late-2000s recession, Great Recession, the Lesser Depression, or the Long Recession, is a marked global economic decline that began in December 2007 and took a particularly sharp downward turn in September 2008. The global recession affected the entire world economy, with higher detriment in some countries than others. It is a major global recession characterized by various systemic imbalances and was sparked by the outbreak of the 2007--2012 global financial crisis.
There are two senses of the word "recession": a less precise sense, referring broadly to "a period of reduced economic activity", and the academic sense used most often in economics, which is defined operationally, referring specifically to the contraction phase of a business cycle, with two or more consecutive quarters of negative GDP growth. If one analyses the event using the economics-academic definition of the word, the recession ended in the U.S. in June or July 2009. However, in the broader, lay sense of the word, many people use the term to refer to the ongoing hardship (in the same way that the term "Great Depression" is also popularly used). In the U.S., for example, persistent high unemployment remains, along with low consumer confidence, the continuing decline in home values and increase in foreclosures and personal bankruptcies, an escalating federal debt crisis, inflation, and rising petroleum and food prices. In fact, a 2011 poll found that more than half of all Americans think the U.S. is still in recession or even depression, despite official data that shows a historically modest recovery.
Large corporations and wealthy businesspeople were minimally affected by the recession, and were the first to recover. Shortly after the economic recovery began, many Fortune 500 corporations reported record profits and many billionaires saw their net worths hit new highs. The 2011 edition of the annual U.S. dollar billionaires ranking compiled by Forbes Magazine broke new records, both in terms of the number of billionaires (1210) and their total wealth (US $4.5 trillion.) The Sunday Times Rich List for 2012 showed that the UK's wealthiest were richer than they had ever been, with a combined fortune of £414 billion.
According to the U.S. National Bureau of Economic Research (the official arbiter of U.S. recessions) the recession began in December 2007. US mortgage-backed securities, which had risks that were hard to assess, were marketed around the world. A more broad based credit boom fed a global speculative bubble in real estate and equities, which served to reinforce the risky lending practices. The precarious financial situation was made more difficult by a sharp increase in oil and food prices. The emergence of sub-prime loan losses in 2007 began the crisis and exposed other risky loans and over-inflated asset prices. With loan losses mounting and the fall of Lehman Brothers on September 15, 2008, a major panic broke out on the inter-bank loan market. As share and housing prices declined, many large and well established investment and commercial banks in the United States and Europe suffered huge losses and even faced bankruptcy, resulting in massive public financial assistance.
A global recession has resulted in a sharp drop in international trade, rising unemployment and slumping commodity prices. In December 2008, the National Bureau of Economic Research (NBER) declared that the United States had been in recession since December 2007. Several economists have predicted that recovery may not appear until 2011 and that the recession will be the worst since the Great Depression of the 1930s. Paul Krugman, who won the Nobel Memorial Prize in Economics, once commented on this as seemingly the beginning of "a second Great Depression." The conditions leading up to the crisis, characterized by an exorbitant rise in asset prices and associated boom in economic demand, are considered a result of the extended period of easily available credit and inadequate regulation and oversight.
http://en.wikipedia.org/wiki/Great_recession
wn.com/Ron Paul Predicts The Great Recession Austrian School Of Economics
http://thefilmarchive.org/
1988
The 2008--2012 global recession, sometimes referred to as the late-2000s recession, Great Recession, the Lesser Depression, or the Long Recession, is a marked global economic decline that began in December 2007 and took a particularly sharp downward turn in September 2008. The global recession affected the entire world economy, with higher detriment in some countries than others. It is a major global recession characterized by various systemic imbalances and was sparked by the outbreak of the 2007--2012 global financial crisis.
There are two senses of the word "recession": a less precise sense, referring broadly to "a period of reduced economic activity", and the academic sense used most often in economics, which is defined operationally, referring specifically to the contraction phase of a business cycle, with two or more consecutive quarters of negative GDP growth. If one analyses the event using the economics-academic definition of the word, the recession ended in the U.S. in June or July 2009. However, in the broader, lay sense of the word, many people use the term to refer to the ongoing hardship (in the same way that the term "Great Depression" is also popularly used). In the U.S., for example, persistent high unemployment remains, along with low consumer confidence, the continuing decline in home values and increase in foreclosures and personal bankruptcies, an escalating federal debt crisis, inflation, and rising petroleum and food prices. In fact, a 2011 poll found that more than half of all Americans think the U.S. is still in recession or even depression, despite official data that shows a historically modest recovery.
Large corporations and wealthy businesspeople were minimally affected by the recession, and were the first to recover. Shortly after the economic recovery began, many Fortune 500 corporations reported record profits and many billionaires saw their net worths hit new highs. The 2011 edition of the annual U.S. dollar billionaires ranking compiled by Forbes Magazine broke new records, both in terms of the number of billionaires (1210) and their total wealth (US $4.5 trillion.) The Sunday Times Rich List for 2012 showed that the UK's wealthiest were richer than they had ever been, with a combined fortune of £414 billion.
According to the U.S. National Bureau of Economic Research (the official arbiter of U.S. recessions) the recession began in December 2007. US mortgage-backed securities, which had risks that were hard to assess, were marketed around the world. A more broad based credit boom fed a global speculative bubble in real estate and equities, which served to reinforce the risky lending practices. The precarious financial situation was made more difficult by a sharp increase in oil and food prices. The emergence of sub-prime loan losses in 2007 began the crisis and exposed other risky loans and over-inflated asset prices. With loan losses mounting and the fall of Lehman Brothers on September 15, 2008, a major panic broke out on the inter-bank loan market. As share and housing prices declined, many large and well established investment and commercial banks in the United States and Europe suffered huge losses and even faced bankruptcy, resulting in massive public financial assistance.
A global recession has resulted in a sharp drop in international trade, rising unemployment and slumping commodity prices. In December 2008, the National Bureau of Economic Research (NBER) declared that the United States had been in recession since December 2007. Several economists have predicted that recovery may not appear until 2011 and that the recession will be the worst since the Great Depression of the 1930s. Paul Krugman, who won the Nobel Memorial Prize in Economics, once commented on this as seemingly the beginning of "a second Great Depression." The conditions leading up to the crisis, characterized by an exorbitant rise in asset prices and associated boom in economic demand, are considered a result of the extended period of easily available credit and inadequate regulation and oversight.
http://en.wikipedia.org/wiki/Great_recession
- published: 03 Jun 2012
- views: 8801
The Amazingly Accurate Predictions of Ron Paul
1988 The 2008--2012 global recession, sometimes referred to as the late-2000s recession, Great Recession, the Lesser Depression, o.
1988 The 2008--2012 global...
1988 The 2008--2012 global recession, sometimes referred to as the late-2000s recession, Great Recession, the Lesser Depression, o.
1988 The 2008--2012 global recession, sometimes referred to as the late-2000s recession, Great Recession, the Lesser Depression, o.
Please like, share, subscribe & comment! Video by You know a man by his record. This video reveals.
A video of those who predicted the economic crises who now give their warnings. Ron Paul and Peter Schiff both accurately predicted the housing bubble and th.
wn.com/The Amazingly Accurate Predictions Of Ron Paul
1988 The 2008--2012 global recession, sometimes referred to as the late-2000s recession, Great Recession, the Lesser Depression, o.
1988 The 2008--2012 global recession, sometimes referred to as the late-2000s recession, Great Recession, the Lesser Depression, o.
Please like, share, subscribe & comment! Video by You know a man by his record. This video reveals.
A video of those who predicted the economic crises who now give their warnings. Ron Paul and Peter Schiff both accurately predicted the housing bubble and th.
- published: 09 Jan 2015
- views: 165
U.S. Job Losses, Women Voters and the Economy, Recession, Tax Cuts for the Wealthy (2012)
http://thefilmarchive.org/
April 11, 2012
Many jobs have been lost worldwide since the start of the late-2000s recession. In the US, job losses have been goin...
http://thefilmarchive.org/
April 11, 2012
Many jobs have been lost worldwide since the start of the late-2000s recession. In the US, job losses have been going on since December 2007, and it accelerated drastically starting in September 2008 following the bankruptcy of Lehman Brothers.[1] By February 2010, the American economy was reported to be more shaky than the economy of Canada. Many service industries (particularly in countries that either have the same unemployment rate as the United States or greater) have reported dropping their prices in order to maximize profit margins (looking to make use of any price elasticity of demand in their market segments). This is an era in which employment is becoming unstable, and in which being either underemployed or unemployed is a common part of life for many people.
The causality linking job losses to reduced business revenue is obviously grounded in reality, at least to a large extent. After all, it is self-evident that a firm with one million dollars in annual revenue cannot pay a two-million-dollar annual payroll without going into either debt or bankruptcy. However, at least some of the apparent or alleged causality is difficult to confirm quantitatively, because the data collection and analysis that would be required to do so faces high barriers to implementation, principally the privacy surrounding the accountancy. There is a common theme among working people,[35] although it is not widely studied or reported in reliable academic or journalistic sources, along the lines that firms are "using the recession as an excuse" for staff reductions whose true root causes lie elsewhere, such as:
Productivity increases that would have happened anyway, recession or no (via ever-improving software and networks, for example, or via business process reengineering)
Offshoring disguised as layoffs in higher-wage countries happening "coincidentally" with hiring in lower-wage countries
Firing disguised as layoff (redundancy), where the motive for firing varies, including poor performance, low productivity, or even improper termination, but the employer benefits from not having to justify or document the job loss as a firing
This theme also extends to compensation reduction or growth freezes, with the suspicion again being that the recession is an excuse for, e.g., wage raise freezes, wage cuts, or increasing the employees' contribution percentage for (or lowering the benefits of) company health insurance, company retirement plans, and so on.
It is very difficult to accurately detect, verify, or track the data that would be needed to test these hypotheses. Short of any outright auditing (which has no legally justifiable basis), firms have a fair amount of plausible deniability. As for the concern that productivity growth drives unemployment, the very idea is controversial, and it depends on whatever the true reality may be in the relationship of automation to unemployment. Certainly a pattern of multiple jobless recoveries, where GDP grows while employment stagnates, makes the public wonder about firms' assurances that all layoffs are necessitated by business conditions alone.
http://en.wikipedia.org/wiki/Job_losses_caused_by_the_late-2000s_recession
wn.com/U.S. Job Losses, Women Voters And The Economy, Recession, Tax Cuts For The Wealthy (2012)
http://thefilmarchive.org/
April 11, 2012
Many jobs have been lost worldwide since the start of the late-2000s recession. In the US, job losses have been going on since December 2007, and it accelerated drastically starting in September 2008 following the bankruptcy of Lehman Brothers.[1] By February 2010, the American economy was reported to be more shaky than the economy of Canada. Many service industries (particularly in countries that either have the same unemployment rate as the United States or greater) have reported dropping their prices in order to maximize profit margins (looking to make use of any price elasticity of demand in their market segments). This is an era in which employment is becoming unstable, and in which being either underemployed or unemployed is a common part of life for many people.
The causality linking job losses to reduced business revenue is obviously grounded in reality, at least to a large extent. After all, it is self-evident that a firm with one million dollars in annual revenue cannot pay a two-million-dollar annual payroll without going into either debt or bankruptcy. However, at least some of the apparent or alleged causality is difficult to confirm quantitatively, because the data collection and analysis that would be required to do so faces high barriers to implementation, principally the privacy surrounding the accountancy. There is a common theme among working people,[35] although it is not widely studied or reported in reliable academic or journalistic sources, along the lines that firms are "using the recession as an excuse" for staff reductions whose true root causes lie elsewhere, such as:
Productivity increases that would have happened anyway, recession or no (via ever-improving software and networks, for example, or via business process reengineering)
Offshoring disguised as layoffs in higher-wage countries happening "coincidentally" with hiring in lower-wage countries
Firing disguised as layoff (redundancy), where the motive for firing varies, including poor performance, low productivity, or even improper termination, but the employer benefits from not having to justify or document the job loss as a firing
This theme also extends to compensation reduction or growth freezes, with the suspicion again being that the recession is an excuse for, e.g., wage raise freezes, wage cuts, or increasing the employees' contribution percentage for (or lowering the benefits of) company health insurance, company retirement plans, and so on.
It is very difficult to accurately detect, verify, or track the data that would be needed to test these hypotheses. Short of any outright auditing (which has no legally justifiable basis), firms have a fair amount of plausible deniability. As for the concern that productivity growth drives unemployment, the very idea is controversial, and it depends on whatever the true reality may be in the relationship of automation to unemployment. Certainly a pattern of multiple jobless recoveries, where GDP grows while employment stagnates, makes the public wonder about firms' assurances that all layoffs are necessitated by business conditions alone.
http://en.wikipedia.org/wiki/Job_losses_caused_by_the_late-2000s_recession
- published: 16 Jul 2012
- views: 760
The Future of Investing: How to Deal with the Financial Crisis and Invest in Stocks (2009)
United States policy responses to the late-2000s recession explores legislation, banking industry and market volatility within retirement plans.
The Federal Re...
United States policy responses to the late-2000s recession explores legislation, banking industry and market volatility within retirement plans.
The Federal Reserve, Treasury, and Securities and Exchange Commission took several steps on September 19 to intervene in the crisis caused by the late-2000s recession. To stop the potential run on money market mutual funds, the Treasury also announced on September 19 a new $50 billion program to insure the investments, similar to the Federal Deposit Insurance Corporation (FDIC) program. Part of the announcements included temporary exceptions to section 23A and 23B (Regulation W), allowing financial groups to more easily share funds within their group. The exceptions would expire on January 30, 2009, unless extended by the Federal Reserve Board. The Securities and Exchange Commission announced termination of short-selling of 799 financial stocks, as well as action against naked short selling, as part of its reaction to the mortgage crisis.
In an effort to increase available funds for commercial banks and lower the fed funds rate, on September 29, 2008 the U.S. Federal Reserve announced plans to double its Term Auction Facility to $300 billion. Because there appeared to be a shortage of U.S. dollars in Europe at that time, the Federal Reserve also announced it would increase its swap facilities with foreign central banks from $290 billion to $620 billion.
On November 25, 2008 the Fed announced it would buy $800 billion of debt and mortgage backed securities, in a fund separate from the 700-billion dollar Troubled Asset Relief Program (TARP) that was originally passed by Congress. According to the BBC, the Fed would use the fund to buy the following:
up to $100bn in debt from Fannie Mae and Freddie Mac
up to $500bn in mortgage-backed securities
The fund would also be used to loan up to $200bn to the holders of securities backed by various types of consumer loans, such as credit cards and student loans, to help unfreeze the consumer debt market. According to a Des Moines Register editorial, it is not clear whether bodies that oversee the TARP will oversee Paulson's control of the Fed's $800 billion loan and bond actions.
As of December 24, 2008, the Federal Reserve had used its independent authority to spend $1.2 trillion on purchasing various financial assets and making emergency loans to address the financial crisis, above and beyond the $700 billion authorized by Congress from the federal budget. This includes emergency loans to banks, credit card companies, and general businesses, temporary swaps of treasury bills for mortgage-backed securities, the sale of Bear Stearns, and the bailouts of American International Group (AIG), Fannie Mae and Freddie Mac, and Citigroup.
In May 2013 as the stock market was hitting record highs and the housing and employment markets were improving slightly the prospect of the Federal Reserve beginning to decrease its economic stimulus activities began to enter the projections of investment analysts and affected global markets.
http://en.wikipedia.org/wiki/United_States_policy_responses_to_the_Great_Recession
Image by Gabriel Marchi (Gisele_B.jpg) [CC-BY-2.0 (http://creativecommons.org/licenses/by/2.0), GFDL (http://www.gnu.org/copyleft/fdl.html) or CC-BY-SA-3.0 (http://creativecommons.org/licenses/by-sa/3.0/)], via Wikimedia Commons
wn.com/The Future Of Investing How To Deal With The Financial Crisis And Invest In Stocks (2009)
United States policy responses to the late-2000s recession explores legislation, banking industry and market volatility within retirement plans.
The Federal Reserve, Treasury, and Securities and Exchange Commission took several steps on September 19 to intervene in the crisis caused by the late-2000s recession. To stop the potential run on money market mutual funds, the Treasury also announced on September 19 a new $50 billion program to insure the investments, similar to the Federal Deposit Insurance Corporation (FDIC) program. Part of the announcements included temporary exceptions to section 23A and 23B (Regulation W), allowing financial groups to more easily share funds within their group. The exceptions would expire on January 30, 2009, unless extended by the Federal Reserve Board. The Securities and Exchange Commission announced termination of short-selling of 799 financial stocks, as well as action against naked short selling, as part of its reaction to the mortgage crisis.
In an effort to increase available funds for commercial banks and lower the fed funds rate, on September 29, 2008 the U.S. Federal Reserve announced plans to double its Term Auction Facility to $300 billion. Because there appeared to be a shortage of U.S. dollars in Europe at that time, the Federal Reserve also announced it would increase its swap facilities with foreign central banks from $290 billion to $620 billion.
On November 25, 2008 the Fed announced it would buy $800 billion of debt and mortgage backed securities, in a fund separate from the 700-billion dollar Troubled Asset Relief Program (TARP) that was originally passed by Congress. According to the BBC, the Fed would use the fund to buy the following:
up to $100bn in debt from Fannie Mae and Freddie Mac
up to $500bn in mortgage-backed securities
The fund would also be used to loan up to $200bn to the holders of securities backed by various types of consumer loans, such as credit cards and student loans, to help unfreeze the consumer debt market. According to a Des Moines Register editorial, it is not clear whether bodies that oversee the TARP will oversee Paulson's control of the Fed's $800 billion loan and bond actions.
As of December 24, 2008, the Federal Reserve had used its independent authority to spend $1.2 trillion on purchasing various financial assets and making emergency loans to address the financial crisis, above and beyond the $700 billion authorized by Congress from the federal budget. This includes emergency loans to banks, credit card companies, and general businesses, temporary swaps of treasury bills for mortgage-backed securities, the sale of Bear Stearns, and the bailouts of American International Group (AIG), Fannie Mae and Freddie Mac, and Citigroup.
In May 2013 as the stock market was hitting record highs and the housing and employment markets were improving slightly the prospect of the Federal Reserve beginning to decrease its economic stimulus activities began to enter the projections of investment analysts and affected global markets.
http://en.wikipedia.org/wiki/United_States_policy_responses_to_the_Great_Recession
Image by Gabriel Marchi (Gisele_B.jpg) [CC-BY-2.0 (http://creativecommons.org/licenses/by/2.0), GFDL (http://www.gnu.org/copyleft/fdl.html) or CC-BY-SA-3.0 (http://creativecommons.org/licenses/by-sa/3.0/)], via Wikimedia Commons
- published: 27 Sep 2013
- views: 1026
The Future of Investing: How to Deal with the Financial Crisis and Invest in Stocks (2009)
United States policy responses to the late-2000s recession explores legislation, banking industry and market volatility within retirement plans. The Federal .
...
United States policy responses to the late-2000s recession explores legislation, banking industry and market volatility within retirement plans. The Federal .
In 2009, Warren Buffett invested $2.6 billion as a part of Swiss Re's raising equity capital.[55][56] Berkshire Hathaway already owns a 3% stake, with rights to .
Personal finance refers to the financial management of which an individual or a family unit is required to make to obtain, budget, save, and spend monetary .
In 2009, Warren Buffett invested $2.6 billion as a part of Swiss Re's raising equity capital.[55][56] Berkshire Hathaway already owns a 3% stake, with rights to .
wn.com/The Future Of Investing How To Deal With The Financial Crisis And Invest In Stocks (2009)
United States policy responses to the late-2000s recession explores legislation, banking industry and market volatility within retirement plans. The Federal .
In 2009, Warren Buffett invested $2.6 billion as a part of Swiss Re's raising equity capital.[55][56] Berkshire Hathaway already owns a 3% stake, with rights to .
Personal finance refers to the financial management of which an individual or a family unit is required to make to obtain, budget, save, and spend monetary .
In 2009, Warren Buffett invested $2.6 billion as a part of Swiss Re's raising equity capital.[55][56] Berkshire Hathaway already owns a 3% stake, with rights to .
- published: 03 Dec 2015
- views: 9
Women in Finance and the Economic Recovery: Elizabeth Warren (2010)
United States policy responses to the late-2000s recession explores legislation, banking industry and market volatility within retirement plans.
The Federal Re...
United States policy responses to the late-2000s recession explores legislation, banking industry and market volatility within retirement plans.
The Federal Reserve, Treasury, and Securities and Exchange Commission took several steps on September 19 to intervene in the crisis caused by the late-2000s recession. To stop the potential run on money market mutual funds, the Treasury also announced on September 19 a new $50 billion program to insure the investments, similar to the Federal Deposit Insurance Corporation (FDIC) program.[1] Part of the announcements included temporary exceptions to section 23A and 23B (Regulation W), allowing financial groups to more easily share funds within their group. The exceptions would expire on January 30, 2009, unless extended by the Federal Reserve Board.[2] The Securities and Exchange Commission announced termination of short-selling of 799 financial stocks, as well as action against naked short selling, as part of its reaction to the mortgage crisis.[3]
The Secretary of the United States Treasury, Henry Paulson and President George W. Bush proposed legislation for the government to purchase up to US$700 billion of "troubled mortgage-related assets" from financial firms in hopes of improving confidence in the mortgage-backed securities markets and the financial firms participating in it.[10] Discussion, hearings and meetings among legislative leaders and the administration later made clear that the proposal would undergo significant change before it could be approved by Congress.[11] On October 1, a revised compromise version was approved by the Senate with a 74--25 vote. The bill, HR1424 was passed by the House on October 3, 2008 and signed into law. The first half of the bailout money was primarily used to buy preferred stock in banks instead of troubled mortgage assets.[12]
In January 2009, the Obama administration announced a stimulus plan to revive the economy with the intention to create or save more than 3.6 million jobs in two years. The cost of this initial recovery plan was estimated at 825 billion dollars (5.8% of GDP). The plan included 365.5 billion dollars to be spent on major policy and reform of the health system, 275 billion (through tax rebates) to be redistributed to households and firms, notably those investing in renewable energy, 94 billion to be dedicated to social assistance for the unemployed and families, 87 billion of direct assistance to states to help them finance health expenditures of Medicaid, and finally 13 billion spent to improve access to digital technologies. The administration also attributed of 13.4 billion dollars aid to automobile manufacturers General Motors and Chrysler, but this plan is not included in the stimulus plan.
These plans are meant to abate further economic contraction, however, with the present economic conditions differing from past recessions, in, that, many tenets of the American economy such as manufacturing, textiles, and technological development have been outsourced to other countries. Public works projects associated with the economic recovery plan outlined by the Obama Administration have been degraded by the lack of road and bridge development projects that were highly abundant in the Great Depression but are now mostly constructed and are mostly in need of maintenance. Regulations to establish market stability and confidence have been neglected in the Obama plan and have yet to be incorporated.
In an effort to increase available funds for commercial banks and lower the fed funds rate, on September 29, 2008 the U.S. Federal Reserve announced plans to double its Term Auction Facility to $300 billion. Because there appeared to be a shortage of U.S. dollars in Europe at that time, the Federal Reserve also announced it would increase its swap facilities with foreign central banks from $290 billion to $620 billion.
http://en.wikipedia.org/wiki/United_States_policy_responses_to_the_Great_Recession
wn.com/Women In Finance And The Economic Recovery Elizabeth Warren (2010)
United States policy responses to the late-2000s recession explores legislation, banking industry and market volatility within retirement plans.
The Federal Reserve, Treasury, and Securities and Exchange Commission took several steps on September 19 to intervene in the crisis caused by the late-2000s recession. To stop the potential run on money market mutual funds, the Treasury also announced on September 19 a new $50 billion program to insure the investments, similar to the Federal Deposit Insurance Corporation (FDIC) program.[1] Part of the announcements included temporary exceptions to section 23A and 23B (Regulation W), allowing financial groups to more easily share funds within their group. The exceptions would expire on January 30, 2009, unless extended by the Federal Reserve Board.[2] The Securities and Exchange Commission announced termination of short-selling of 799 financial stocks, as well as action against naked short selling, as part of its reaction to the mortgage crisis.[3]
The Secretary of the United States Treasury, Henry Paulson and President George W. Bush proposed legislation for the government to purchase up to US$700 billion of "troubled mortgage-related assets" from financial firms in hopes of improving confidence in the mortgage-backed securities markets and the financial firms participating in it.[10] Discussion, hearings and meetings among legislative leaders and the administration later made clear that the proposal would undergo significant change before it could be approved by Congress.[11] On October 1, a revised compromise version was approved by the Senate with a 74--25 vote. The bill, HR1424 was passed by the House on October 3, 2008 and signed into law. The first half of the bailout money was primarily used to buy preferred stock in banks instead of troubled mortgage assets.[12]
In January 2009, the Obama administration announced a stimulus plan to revive the economy with the intention to create or save more than 3.6 million jobs in two years. The cost of this initial recovery plan was estimated at 825 billion dollars (5.8% of GDP). The plan included 365.5 billion dollars to be spent on major policy and reform of the health system, 275 billion (through tax rebates) to be redistributed to households and firms, notably those investing in renewable energy, 94 billion to be dedicated to social assistance for the unemployed and families, 87 billion of direct assistance to states to help them finance health expenditures of Medicaid, and finally 13 billion spent to improve access to digital technologies. The administration also attributed of 13.4 billion dollars aid to automobile manufacturers General Motors and Chrysler, but this plan is not included in the stimulus plan.
These plans are meant to abate further economic contraction, however, with the present economic conditions differing from past recessions, in, that, many tenets of the American economy such as manufacturing, textiles, and technological development have been outsourced to other countries. Public works projects associated with the economic recovery plan outlined by the Obama Administration have been degraded by the lack of road and bridge development projects that were highly abundant in the Great Depression but are now mostly constructed and are mostly in need of maintenance. Regulations to establish market stability and confidence have been neglected in the Obama plan and have yet to be incorporated.
In an effort to increase available funds for commercial banks and lower the fed funds rate, on September 29, 2008 the U.S. Federal Reserve announced plans to double its Term Auction Facility to $300 billion. Because there appeared to be a shortage of U.S. dollars in Europe at that time, the Federal Reserve also announced it would increase its swap facilities with foreign central banks from $290 billion to $620 billion.
http://en.wikipedia.org/wiki/United_States_policy_responses_to_the_Great_Recession
- published: 12 Sep 2013
- views: 260
THE GREAT RECESSION & the GLOBAL Economic CRISIS - CROSSTALK
The IMF has released a report that predicts the hoped-for global economic growth is again endangered. Why is this happening? Why has the Great Recession come ba...
The IMF has released a report that predicts the hoped-for global economic growth is again endangered. Why is this happening? Why has the Great Recession come back so early? Did it ever end? Has austerity made things worse? And is there a way to avoid the 'fiscal cliff' issue in Washington? CrossTalking with Seijiro Takeshita, Martin Hennecke and Chris Cutrone.
The 2008--2012 global recession, sometimes referred to as the late-2000s recession, Great Recession, the Lesser Depression, or the Long Recession, is a marked global economic decline that began in December 2007 and took a particularly sharp downward turn in September 2008. The global recession affected the entire world economy, with higher detriment in some countries than others. It is a major global recession characterized by various systemic imbalances and was sparked by the outbreak of the Financial crisis of 2007--2008. The economic side effects of the European sovereign debt crisis, accompanied with slowing US and Chinese growth continues to provide obstacles to world economic growth.
There are two senses of the word "recession": a less precise sense, referring broadly to "a period of reduced economic activity", and the academic sense used most often in economics, which is defined operationally, referring specifically to the contraction phase of a business cycle, with two or more consecutive quarters of negative GDP growth. If one analyses the event using the economics-academic definition of the word, the recession ended in the U.S. in June or July 2009.However, in the broader, lay sense of the word, many people use the term to refer to the ongoing hardship (in the same way that the term "Great Depression" is also popularly used). In the U.S., for example, persistent high unemployment remains, along with low consumer confidence, the continuing decline in home values and increase in foreclosures and personal bankruptcies, an escalating federal debt crisis, inflation, and rising petroleum and food prices. In fact, a 2011 poll found that more than half of all Americans think the U.S. is still in recession or even depression, despite official data that shows a historically modest recovery
wn.com/The Great Recession The Global Economic Crisis Crosstalk
The IMF has released a report that predicts the hoped-for global economic growth is again endangered. Why is this happening? Why has the Great Recession come back so early? Did it ever end? Has austerity made things worse? And is there a way to avoid the 'fiscal cliff' issue in Washington? CrossTalking with Seijiro Takeshita, Martin Hennecke and Chris Cutrone.
The 2008--2012 global recession, sometimes referred to as the late-2000s recession, Great Recession, the Lesser Depression, or the Long Recession, is a marked global economic decline that began in December 2007 and took a particularly sharp downward turn in September 2008. The global recession affected the entire world economy, with higher detriment in some countries than others. It is a major global recession characterized by various systemic imbalances and was sparked by the outbreak of the Financial crisis of 2007--2008. The economic side effects of the European sovereign debt crisis, accompanied with slowing US and Chinese growth continues to provide obstacles to world economic growth.
There are two senses of the word "recession": a less precise sense, referring broadly to "a period of reduced economic activity", and the academic sense used most often in economics, which is defined operationally, referring specifically to the contraction phase of a business cycle, with two or more consecutive quarters of negative GDP growth. If one analyses the event using the economics-academic definition of the word, the recession ended in the U.S. in June or July 2009.However, in the broader, lay sense of the word, many people use the term to refer to the ongoing hardship (in the same way that the term "Great Depression" is also popularly used). In the U.S., for example, persistent high unemployment remains, along with low consumer confidence, the continuing decline in home values and increase in foreclosures and personal bankruptcies, an escalating federal debt crisis, inflation, and rising petroleum and food prices. In fact, a 2011 poll found that more than half of all Americans think the U.S. is still in recession or even depression, despite official data that shows a historically modest recovery
- published: 15 Oct 2012
- views: 2357
Warren Buffett: How Will Moral Standards Affect Business and Finance in the Future?
Buffett ran into criticism during the subprime crisis of 2007--2008, part of the late 2000s recession, that he had allocated capital too early resulting in subo...
Buffett ran into criticism during the subprime crisis of 2007--2008, part of the late 2000s recession, that he had allocated capital too early resulting in suboptimal deals. "Buy American. I am." he wrote for an opinion piece published in the New York Times in 2008. Buffett has called the 2007--present downturn in the financial sector "poetic justice." Buffett's Berkshire Hathaway suffered a 77% drop in earnings during Q3 2008 and several of his recent deals appear to be running into large mark-to-market losses.
Berkshire Hathaway acquired 10% perpetual preferred stock of Goldman Sachs. Some of Buffett's Index put options (European exercise at expiry only) that he wrote (sold) are currently running around $6.73 billion mark-to-market losses. The scale of the potential loss prompted the SEC to demand that Berkshire produce, "a more robust disclosure" of factors used to value the contracts. Buffett also helped Dow Chemical pay for its $18.8 billion takeover of Rohm & Haas. He thus became the single largest shareholder in the enlarged group with his Berkshire Hathaway, which provided $3 billion, underlining his instrumental role during the current crisis in debt and equity markets.
In 2008, Buffett became the richest person in the world, with a total net worth estimated at $62 billion by Forbes and at $58 billion by Yahoo, dethroning Bill Gates, who had been number one on the Forbes list for 13 consecutive years. In 2009, Gates regained the position of number one on the Forbes list, with Buffett second. Their values have dropped to $40 billion and $37 billion, respectively, Buffett having lost $25 billion in 12 months during 2008/2009, according to Forbes.
In October 2008, the media reported that Warren Buffett had agreed to buy General Electric (GE) preferred stock. The operation included extra special incentives: he received an option to buy 3 billion GE at $22.25 in the next five years, and also received a 10% dividend (callable within three years). In February 2009, Buffett sold some of the Procter & Gamble Co, and Johnson & Johnson shares from his portfolio.
In addition to suggestions of mistiming, questions have been raised as to the wisdom in keeping some of Berkshire's major holdings, including The Coca-Cola Company (NYSE:KO) which in 1998 peaked at $86. Buffett discussed the difficulties of knowing when to sell in the company's 2004 annual report:
That may seem easy to do when one looks through an always-clean, rear-view mirror. Unfortunately, however, it's the windshield through which investors must peer, and that glass is invariably fogged.
http://en.wikipedia.org/wiki/Warren_Buffett
wn.com/Warren Buffett How Will Moral Standards Affect Business And Finance In The Future
Buffett ran into criticism during the subprime crisis of 2007--2008, part of the late 2000s recession, that he had allocated capital too early resulting in suboptimal deals. "Buy American. I am." he wrote for an opinion piece published in the New York Times in 2008. Buffett has called the 2007--present downturn in the financial sector "poetic justice." Buffett's Berkshire Hathaway suffered a 77% drop in earnings during Q3 2008 and several of his recent deals appear to be running into large mark-to-market losses.
Berkshire Hathaway acquired 10% perpetual preferred stock of Goldman Sachs. Some of Buffett's Index put options (European exercise at expiry only) that he wrote (sold) are currently running around $6.73 billion mark-to-market losses. The scale of the potential loss prompted the SEC to demand that Berkshire produce, "a more robust disclosure" of factors used to value the contracts. Buffett also helped Dow Chemical pay for its $18.8 billion takeover of Rohm & Haas. He thus became the single largest shareholder in the enlarged group with his Berkshire Hathaway, which provided $3 billion, underlining his instrumental role during the current crisis in debt and equity markets.
In 2008, Buffett became the richest person in the world, with a total net worth estimated at $62 billion by Forbes and at $58 billion by Yahoo, dethroning Bill Gates, who had been number one on the Forbes list for 13 consecutive years. In 2009, Gates regained the position of number one on the Forbes list, with Buffett second. Their values have dropped to $40 billion and $37 billion, respectively, Buffett having lost $25 billion in 12 months during 2008/2009, according to Forbes.
In October 2008, the media reported that Warren Buffett had agreed to buy General Electric (GE) preferred stock. The operation included extra special incentives: he received an option to buy 3 billion GE at $22.25 in the next five years, and also received a 10% dividend (callable within three years). In February 2009, Buffett sold some of the Procter & Gamble Co, and Johnson & Johnson shares from his portfolio.
In addition to suggestions of mistiming, questions have been raised as to the wisdom in keeping some of Berkshire's major holdings, including The Coca-Cola Company (NYSE:KO) which in 1998 peaked at $86. Buffett discussed the difficulties of knowing when to sell in the company's 2004 annual report:
That may seem easy to do when one looks through an always-clean, rear-view mirror. Unfortunately, however, it's the windshield through which investors must peer, and that glass is invariably fogged.
http://en.wikipedia.org/wiki/Warren_Buffett
- published: 17 Aug 2013
- views: 687
Transportation, Construction Workers, Afghanistan War, Economic Recovery (March 19, 2012)
http://thefilmarchive.org/
March 19, 2012
The late-2000s recession, sometimes referred to as the Great Recession, the Lesser Depression, or the Long Recession...
http://thefilmarchive.org/
March 19, 2012
The late-2000s recession, sometimes referred to as the Great Recession, the Lesser Depression, or the Long Recession, is a marked global economic decline that began in December 2007 and took a particularly sharp downward turn in September 2008. The Great Recession has affected the entire world economy, with higher detriment in some countries than others. It is a major global recession characterized by various systemic imbalances and was sparked by the outbreak of the late-2000s financial crisis.
There are two senses of the word "recession": a less precise sense, referring broadly to "a period of reduced economic activity", and the academic sense used most often in economics, which is defined operationally, referring specifically to the contraction phase of a business cycle, with two or more consecutive quarters of negative GDP growth. By the economics-academic definition of the word "recession", the Great Recession ended in the U.S. in June or July 2009. However, in the broader, layperson sense of the word, many people use the term to refer to the ongoing hardship (in the same way that the term "Great Depression" is also popularly used). In the U.S., for example, persistent high unemployment remains, along with low consumer confidence, the continuing decline in home values and increase in foreclosures and personal bankruptcies, an escalating federal debt crisis, inflation, and rising gas and food prices. In fact, a 2011 poll found that more than half of all Americans think the U.S. is still in recession or even depression, despite official data that shows a historically modest recovery.
Large corporations and wealthy businessmen were minimally affected by the recession, and were the first to recover. Shortly after the economic recovery began, many Fortune 500 corporations reported record profits and many billionaires saw their net worths hit new highs. The 2011 edition of the annual U.S. dollar billionaires ranking compiled by Forbes Magazine broke new records, both in terms of the number of billionaires (1210) and their total wealth (US $4.5 trillion.)
http://en.wikipedia.org/wiki/2008_recession
wn.com/Transportation, Construction Workers, Afghanistan War, Economic Recovery (March 19, 2012)
http://thefilmarchive.org/
March 19, 2012
The late-2000s recession, sometimes referred to as the Great Recession, the Lesser Depression, or the Long Recession, is a marked global economic decline that began in December 2007 and took a particularly sharp downward turn in September 2008. The Great Recession has affected the entire world economy, with higher detriment in some countries than others. It is a major global recession characterized by various systemic imbalances and was sparked by the outbreak of the late-2000s financial crisis.
There are two senses of the word "recession": a less precise sense, referring broadly to "a period of reduced economic activity", and the academic sense used most often in economics, which is defined operationally, referring specifically to the contraction phase of a business cycle, with two or more consecutive quarters of negative GDP growth. By the economics-academic definition of the word "recession", the Great Recession ended in the U.S. in June or July 2009. However, in the broader, layperson sense of the word, many people use the term to refer to the ongoing hardship (in the same way that the term "Great Depression" is also popularly used). In the U.S., for example, persistent high unemployment remains, along with low consumer confidence, the continuing decline in home values and increase in foreclosures and personal bankruptcies, an escalating federal debt crisis, inflation, and rising gas and food prices. In fact, a 2011 poll found that more than half of all Americans think the U.S. is still in recession or even depression, despite official data that shows a historically modest recovery.
Large corporations and wealthy businessmen were minimally affected by the recession, and were the first to recover. Shortly after the economic recovery began, many Fortune 500 corporations reported record profits and many billionaires saw their net worths hit new highs. The 2011 edition of the annual U.S. dollar billionaires ranking compiled by Forbes Magazine broke new records, both in terms of the number of billionaires (1210) and their total wealth (US $4.5 trillion.)
http://en.wikipedia.org/wiki/2008_recession
- published: 04 Apr 2012
- views: 229
Understanding the International Economy: World Trade, World Bank (2002)
Soros had been building a huge position in pounds sterling for months leading up to September 1992. Soros had recognized the unfavorable position of the United ...
Soros had been building a huge position in pounds sterling for months leading up to September 1992. Soros had recognized the unfavorable position of the United Kingdom in the European Exchange Rate Mechanism. For Soros, the rate at which the United Kingdom was brought into the European Exchange Rate Mechanism was too high, their inflation was also much too high (triple the German rate), and British interest rates were hurting their asset prices.[42]
On September 16, 1992, Black Wednesday, Soros's fund sold short more than $10 billion in pounds,[35] profiting from the UK government's reluctance to either raise its interest rates to levels comparable to those of other European Exchange Rate Mechanism countries or to float its currency.
Finally, the UK withdrew from the European Exchange Rate Mechanism, devaluing the pound. Soros's profit on the bet was estimated at over $1 billion.[43] He was dubbed "the man who broke the Bank of England".[44] The estimated cost of Black Wednesday to the UK Treasury was £3.4 billion.[45]
On October 26, 1992, The Times quoted Soros as saying: "Our total position by Black Wednesday had to be worth almost $10 billion. We planned to sell more than that. In fact, when Norman Lamont said just before the devaluation that he would borrow nearly $15 billion to defend sterling, we were amused because that was about how much we wanted to sell."
Stanley Druckenmiller, who traded under Soros, originally saw the weakness in the pound. "Soros's contribution was pushing him to take a gigantic position."[46][47]
In 1997, during the Asian financial crisis, the prime minister of Malaysia, Mahathir bin Mohamad, accused Soros of using the wealth under his control to punish the Association of Southeast Asian Nations (ASEAN) for welcoming Myanmar as a member. Following on a history of antisemitic remarks, Mahathir made specific reference to Soros's Jewish background ("It is a Jew who triggered the currency plunge"[48]) and implied Soros was orchestrating the crash as part of a larger Jewish conspiracy. Nine years later, in 2006, Mahathir met with Soros and afterward stated that he accepted that Soros had not been responsible for the crisis.[49] In 1998's The Crisis of Global Capitalism: Open Society Endangered Soros explained his role in the crisis as follows:
The financial crisis that originated in Thailand in 1997 was particularly unnerving because of its scope and severity.... By the beginning of 1997, it was clear to Soros Fund Management that the discrepancy between the trade account and the capital account was becoming untenable. We sold short the Thai baht and the Malaysian ringgit early in 1997 with maturities ranging from six months to a year. (That is, we entered into contracts to deliver at future dates Thai baht and Malaysian ringgit that we did not currently hold.) Subsequently Prime Minister Mahathir of Malaysia accused me of causing the crisis, a wholly unfounded accusation. We were not sellers of the currency during or several months before the crisis; on the contrary, we were buyers when the currencies began to decline—we were purchasing ringgits to realize the profits on our earlier speculation. (Much too soon, as it turned out. We left most of the potential gain on the table because we were afraid that Mahathir would impose capital controls. He did so, but much later.)[50]
In 1999, economist Paul Krugman was critical of Soros's effect on financial markets.
"[N]obody who has read a business magazine in the last few years can be unaware that these days there really are investors who not only move money in anticipation of a currency crisis, but actually do their best to trigger that crisis for fun and profit. These new actors on the scene do not yet have a standard name; my proposed term is 'Soroi'."[51]
In an interview regarding the late-2000s recession, Soros referred to it as the most serious crisis since the 1930s. According to Soros, market fundamentalism with its assumption that markets will correct themselves with no need for government intervention in financial affairs has been "some kind of an ideological excess". In Soros's view, the markets' moods—a "mood" of the markets being a prevailing bias or optimism/pessimism with which the markets look at reality—"actually can reinforce themselves so that there are these initially self-reinforcing but eventually unsustainable and self-defeating boom/bust sequences or bubbles."[52]
In reaction to the late-2000s recession, he founded the Institute for New Economic Thinking in October 2009. This is a think tank composed of international economic, business, and financial experts, mandated to investigate radical new approaches to organizing the international economic and financial system.
https://en.wikipedia.org/wiki/George_Soros
wn.com/Understanding The International Economy World Trade, World Bank (2002)
Soros had been building a huge position in pounds sterling for months leading up to September 1992. Soros had recognized the unfavorable position of the United Kingdom in the European Exchange Rate Mechanism. For Soros, the rate at which the United Kingdom was brought into the European Exchange Rate Mechanism was too high, their inflation was also much too high (triple the German rate), and British interest rates were hurting their asset prices.[42]
On September 16, 1992, Black Wednesday, Soros's fund sold short more than $10 billion in pounds,[35] profiting from the UK government's reluctance to either raise its interest rates to levels comparable to those of other European Exchange Rate Mechanism countries or to float its currency.
Finally, the UK withdrew from the European Exchange Rate Mechanism, devaluing the pound. Soros's profit on the bet was estimated at over $1 billion.[43] He was dubbed "the man who broke the Bank of England".[44] The estimated cost of Black Wednesday to the UK Treasury was £3.4 billion.[45]
On October 26, 1992, The Times quoted Soros as saying: "Our total position by Black Wednesday had to be worth almost $10 billion. We planned to sell more than that. In fact, when Norman Lamont said just before the devaluation that he would borrow nearly $15 billion to defend sterling, we were amused because that was about how much we wanted to sell."
Stanley Druckenmiller, who traded under Soros, originally saw the weakness in the pound. "Soros's contribution was pushing him to take a gigantic position."[46][47]
In 1997, during the Asian financial crisis, the prime minister of Malaysia, Mahathir bin Mohamad, accused Soros of using the wealth under his control to punish the Association of Southeast Asian Nations (ASEAN) for welcoming Myanmar as a member. Following on a history of antisemitic remarks, Mahathir made specific reference to Soros's Jewish background ("It is a Jew who triggered the currency plunge"[48]) and implied Soros was orchestrating the crash as part of a larger Jewish conspiracy. Nine years later, in 2006, Mahathir met with Soros and afterward stated that he accepted that Soros had not been responsible for the crisis.[49] In 1998's The Crisis of Global Capitalism: Open Society Endangered Soros explained his role in the crisis as follows:
The financial crisis that originated in Thailand in 1997 was particularly unnerving because of its scope and severity.... By the beginning of 1997, it was clear to Soros Fund Management that the discrepancy between the trade account and the capital account was becoming untenable. We sold short the Thai baht and the Malaysian ringgit early in 1997 with maturities ranging from six months to a year. (That is, we entered into contracts to deliver at future dates Thai baht and Malaysian ringgit that we did not currently hold.) Subsequently Prime Minister Mahathir of Malaysia accused me of causing the crisis, a wholly unfounded accusation. We were not sellers of the currency during or several months before the crisis; on the contrary, we were buyers when the currencies began to decline—we were purchasing ringgits to realize the profits on our earlier speculation. (Much too soon, as it turned out. We left most of the potential gain on the table because we were afraid that Mahathir would impose capital controls. He did so, but much later.)[50]
In 1999, economist Paul Krugman was critical of Soros's effect on financial markets.
"[N]obody who has read a business magazine in the last few years can be unaware that these days there really are investors who not only move money in anticipation of a currency crisis, but actually do their best to trigger that crisis for fun and profit. These new actors on the scene do not yet have a standard name; my proposed term is 'Soroi'."[51]
In an interview regarding the late-2000s recession, Soros referred to it as the most serious crisis since the 1930s. According to Soros, market fundamentalism with its assumption that markets will correct themselves with no need for government intervention in financial affairs has been "some kind of an ideological excess". In Soros's view, the markets' moods—a "mood" of the markets being a prevailing bias or optimism/pessimism with which the markets look at reality—"actually can reinforce themselves so that there are these initially self-reinforcing but eventually unsustainable and self-defeating boom/bust sequences or bubbles."[52]
In reaction to the late-2000s recession, he founded the Institute for New Economic Thinking in October 2009. This is a think tank composed of international economic, business, and financial experts, mandated to investigate radical new approaches to organizing the international economic and financial system.
https://en.wikipedia.org/wiki/George_Soros
- published: 03 Dec 2015
- views: 501
Efren Reyes - Francisco Bustamante. World Pool Championship 1999 Semifinal
Efren "Bata" Reyes - Francisco "Django" Bustamante. World Pool Championship 1999 Semifinal
年九球世界锦标赛
The first World Nine-ball Championship was held in 1990. ...
Efren "Bata" Reyes - Francisco "Django" Bustamante. World Pool Championship 1999 Semifinal
年九球世界锦标赛
The first World Nine-ball Championship was held in 1990. The event was organised solely by the WPA from this inauguration through 1999.[clarification needed] In July 1999, Matchroom Sport attempted to get involved with the organisation of the event, but their bid failed. The WPA event was played in Alicante, Spain, and won by Nick Varner of the United States. Broadcast on ESPN, it was the first pro nine-ball championship to be televised. Matchroom, meanwhile, instead organised what it called the World Professional Pool Championship, a competing and non-WPA-sanctioned event in Cardiff, Wales, which was won by Efren Reyes of the Philippines.[clarification needed] The WPA was impressed by the professionalism of Matchroom's event organising and promotion,[according to whom?] and the two parties agreed that, starting in 2000, the Matchroom and WPA tournaments would merge into a single official world championship, organised by Matchroom.[citation needed] The WPA also agreed to recognise the results of the 1999 Matchroon event, meaning that official listings show both Varner and Reyes as 1999 world champions. Matchroom changed its promotional name for the event to the "World Pool Championship", dropping the word "professional" from the title.[1]
The event remained in Cardiff through 2003. In 2001, the number of competitors in the Men's Division was increased to 128 and a Men's Division first prize raised[clarification needed] to US$65,000.[clarification needed][citation needed]
The 2004 and 2005 events were held in Taiwan, with a Men's Division first prize of $75,000 as of 2004. The 2005 tournament saw two rules changes: Last-64 and last-32 matches were extended to race-to-10 format, and the pockets on the tables were narrowed, to make the game more difficult.[clarification needed][citation needed]
In 2006, the Philippines became the host country for two years. All matches became alternating-break all the way from the group stages to the finals. Men's Division first prize escalated to $100,000.[clarification needed] In 2007, the event ran from 3–11 November, and Daryl Peach of the England was the victor.[clarification needed][citation needed] Because of the global late-2000s recession[2] the championship did not reappear on the calendar in 2008; for some time neither Matchroom nor the WPA released any predictions regarding its reinstatement, and no 2008 event was held, either.
After this two-year hiatus, the tournament returned as the 2010 WPA World Nine-ball Championship, 18 July, in Qatar, and is expected to recur in Doha until further notice. Francisco Bustamante of the Philippines won the 2010 title
wn.com/Efren Reyes Francisco Bustamante. World Pool Championship 1999 Semifinal
Efren "Bata" Reyes - Francisco "Django" Bustamante. World Pool Championship 1999 Semifinal
年九球世界锦标赛
The first World Nine-ball Championship was held in 1990. The event was organised solely by the WPA from this inauguration through 1999.[clarification needed] In July 1999, Matchroom Sport attempted to get involved with the organisation of the event, but their bid failed. The WPA event was played in Alicante, Spain, and won by Nick Varner of the United States. Broadcast on ESPN, it was the first pro nine-ball championship to be televised. Matchroom, meanwhile, instead organised what it called the World Professional Pool Championship, a competing and non-WPA-sanctioned event in Cardiff, Wales, which was won by Efren Reyes of the Philippines.[clarification needed] The WPA was impressed by the professionalism of Matchroom's event organising and promotion,[according to whom?] and the two parties agreed that, starting in 2000, the Matchroom and WPA tournaments would merge into a single official world championship, organised by Matchroom.[citation needed] The WPA also agreed to recognise the results of the 1999 Matchroon event, meaning that official listings show both Varner and Reyes as 1999 world champions. Matchroom changed its promotional name for the event to the "World Pool Championship", dropping the word "professional" from the title.[1]
The event remained in Cardiff through 2003. In 2001, the number of competitors in the Men's Division was increased to 128 and a Men's Division first prize raised[clarification needed] to US$65,000.[clarification needed][citation needed]
The 2004 and 2005 events were held in Taiwan, with a Men's Division first prize of $75,000 as of 2004. The 2005 tournament saw two rules changes: Last-64 and last-32 matches were extended to race-to-10 format, and the pockets on the tables were narrowed, to make the game more difficult.[clarification needed][citation needed]
In 2006, the Philippines became the host country for two years. All matches became alternating-break all the way from the group stages to the finals. Men's Division first prize escalated to $100,000.[clarification needed] In 2007, the event ran from 3–11 November, and Daryl Peach of the England was the victor.[clarification needed][citation needed] Because of the global late-2000s recession[2] the championship did not reappear on the calendar in 2008; for some time neither Matchroom nor the WPA released any predictions regarding its reinstatement, and no 2008 event was held, either.
After this two-year hiatus, the tournament returned as the 2010 WPA World Nine-ball Championship, 18 July, in Qatar, and is expected to recur in Doha until further notice. Francisco Bustamante of the Philippines won the 2010 title
- published: 18 Aug 2014
- views: 91473
Great Recession
The Great Recession (also referred to as the Second Great Depression, Lesser Depression, the Long Recession, or the global recession of 2009) was a global econo...
The Great Recession (also referred to as the Second Great Depression, Lesser Depression, the Long Recession, or the global recession of 2009) was a global economic decline in the late 2000s decade. The effects of this economic downturn are having a continued influence into 2014.
The exact start and end-point for the recession at the national level, however greatly varied from country to country, and some countries did not experience any recession at all. Countries such as China, India, Australia, South Korea, and Indonesia did not have a recession. Many countries in Europe had a second recession, starting on average about three years after the first one. Some (Germany, Switzerland, Sweden, United Kingdom) did not have a second recession. Most countries outside Europe did not have a second recession.
This video is targeted to blind users.
Attribution:
Article text available under CC-BY-SA
Creative Commons image source in video
wn.com/Great Recession
The Great Recession (also referred to as the Second Great Depression, Lesser Depression, the Long Recession, or the global recession of 2009) was a global economic decline in the late 2000s decade. The effects of this economic downturn are having a continued influence into 2014.
The exact start and end-point for the recession at the national level, however greatly varied from country to country, and some countries did not experience any recession at all. Countries such as China, India, Australia, South Korea, and Indonesia did not have a recession. Many countries in Europe had a second recession, starting on average about three years after the first one. Some (Germany, Switzerland, Sweden, United Kingdom) did not have a second recession. Most countries outside Europe did not have a second recession.
This video is targeted to blind users.
Attribution:
Article text available under CC-BY-SA
Creative Commons image source in video
- published: 02 Aug 2014
- views: 28
What Is Wrong with Capitalism? George Soros on Reforming the International Financial System (2001)
Despite working as an investor and currency trader, Soros argues that the current system of financial speculation undermines healthy economic development in man...
Despite working as an investor and currency trader, Soros argues that the current system of financial speculation undermines healthy economic development in many underdeveloped countries. He blames many of the world's problems on the failures inherent in what he characterizes as market fundamentalism. His opposition to many aspects of globalization has made him a controversial figure.
Victor Niederhoffer said of Soros: "Most of all, George believed even then in a mixed economy, one with a strong central international government to correct for the excesses of self-interest."
Soros claims to draw a distinction between being a participant in the market and working to change the rules that market participants must follow. According to Mahathir bin Mohamed, Prime Minister of Malaysia from July 1981 to October 2003, Soros -- as the hedge fund chief of Quantum -- may have been partially responsible for the economic crash in 1997 of East Asian markets when the Thai currency relinquished its peg to the US dollar. According to Mahathir, in the three years leading to the crash, Soros invested in short-term speculative investment in East Asian stock markets and real estate, then divested with "indecent haste" at the first signs of currency devaluation.[84] Soros replied, saying that Mahathir was using him "as a scapegoat for his own mistakes", that Mahathir's promises to ban currency trading (which Malaysian finance officials hastily retracted) were "a recipe for disaster" and that Mahathir "is a menace to his own country".[85]
In an interview regarding the late-2000s recession, Soros referred to it as the most serious crisis since the 1930s. According to Soros, market fundamentalism with its assumption that markets will correct themselves with no need for government intervention in financial affairs has been "some kind of an ideological excess". In Soros' view, the markets' moods -- a "mood" of the markets being a prevailing bias or optimism/pessimism with which the markets look at reality -- "actually can reinforce themselves so that there are these initially self-reinforcing but eventually unsustainable and self-defeating boom/bust sequences or bubbles".[86]
In reaction to the late-2000s recession, he founded the Institute for New Economic Thinking in October 2009. This is a think tank composed of international economic, business and financial experts, mandated to investigate radical new approaches to organising the international economic and financial system.
http://en.wikipedia.org/wiki/George_Soros#Philosophy
wn.com/What Is Wrong With Capitalism George Soros On Reforming The International Financial System (2001)
Despite working as an investor and currency trader, Soros argues that the current system of financial speculation undermines healthy economic development in many underdeveloped countries. He blames many of the world's problems on the failures inherent in what he characterizes as market fundamentalism. His opposition to many aspects of globalization has made him a controversial figure.
Victor Niederhoffer said of Soros: "Most of all, George believed even then in a mixed economy, one with a strong central international government to correct for the excesses of self-interest."
Soros claims to draw a distinction between being a participant in the market and working to change the rules that market participants must follow. According to Mahathir bin Mohamed, Prime Minister of Malaysia from July 1981 to October 2003, Soros -- as the hedge fund chief of Quantum -- may have been partially responsible for the economic crash in 1997 of East Asian markets when the Thai currency relinquished its peg to the US dollar. According to Mahathir, in the three years leading to the crash, Soros invested in short-term speculative investment in East Asian stock markets and real estate, then divested with "indecent haste" at the first signs of currency devaluation.[84] Soros replied, saying that Mahathir was using him "as a scapegoat for his own mistakes", that Mahathir's promises to ban currency trading (which Malaysian finance officials hastily retracted) were "a recipe for disaster" and that Mahathir "is a menace to his own country".[85]
In an interview regarding the late-2000s recession, Soros referred to it as the most serious crisis since the 1930s. According to Soros, market fundamentalism with its assumption that markets will correct themselves with no need for government intervention in financial affairs has been "some kind of an ideological excess". In Soros' view, the markets' moods -- a "mood" of the markets being a prevailing bias or optimism/pessimism with which the markets look at reality -- "actually can reinforce themselves so that there are these initially self-reinforcing but eventually unsustainable and self-defeating boom/bust sequences or bubbles".[86]
In reaction to the late-2000s recession, he founded the Institute for New Economic Thinking in October 2009. This is a think tank composed of international economic, business and financial experts, mandated to investigate radical new approaches to organising the international economic and financial system.
http://en.wikipedia.org/wiki/George_Soros#Philosophy
- published: 19 Aug 2013
- views: 917
How to Grow Your Wealth in Times of Economic Crisis: Investing Advice & Personal Finance (
United States policy responses to the late-2000s recession explores legislation, banking industry and market volatility within retirement plans. The Federal .
...
United States policy responses to the late-2000s recession explores legislation, banking industry and market volatility within retirement plans. The Federal .
Personal finance refers to the financial management of which an individual or a family unit is required to make to obtain, budget, save, and spend monetary r.
In finance, investment is the purchase of an asset or item with the hope that it will generate income or appreciate in the future and be sold at the higher p.
In the U.S., persistent high unemployment remains as of December 2012, along with low consumer confidence, the continuing decline in home values and increase.
wn.com/How To Grow Your Wealth In Times Of Economic Crisis Investing Advice Personal Finance (
United States policy responses to the late-2000s recession explores legislation, banking industry and market volatility within retirement plans. The Federal .
Personal finance refers to the financial management of which an individual or a family unit is required to make to obtain, budget, save, and spend monetary r.
In finance, investment is the purchase of an asset or item with the hope that it will generate income or appreciate in the future and be sold at the higher p.
In the U.S., persistent high unemployment remains as of December 2012, along with low consumer confidence, the continuing decline in home values and increase.
- published: 18 Dec 2014
- views: 12
Tourist
Tourism has become a popular global leisure activity. After slowly recovering from the contraction resulting from the late-2000s recession, where tourism suffer...
Tourism has become a popular global leisure activity. After slowly recovering from the contraction resulting from the late-2000s recession, where tourism suffered a strong slowdown from the second half of 2008 through the end of 2009, and the outbreak of the H1N1 influenza virus,[2][3] international tourist arrivals surpassed the milestone 1 billion tourists globally for first time in history in 2012.[4] International tourism receipts (the travel item of the balance of payments) grew to US$1.03 trillion (€740 billion) in 2011, corresponding to an increase in real terms of 3.8% from 2010.[5] In 2012, China became the largest spender in international tourism globally with US$102 billion, surpassing Germany and United States. China and emerging markets significantly increase their spending over the past decade, with Russia and Brazil as noteworthy examples
wn.com/Tourist
Tourism has become a popular global leisure activity. After slowly recovering from the contraction resulting from the late-2000s recession, where tourism suffered a strong slowdown from the second half of 2008 through the end of 2009, and the outbreak of the H1N1 influenza virus,[2][3] international tourist arrivals surpassed the milestone 1 billion tourists globally for first time in history in 2012.[4] International tourism receipts (the travel item of the balance of payments) grew to US$1.03 trillion (€740 billion) in 2011, corresponding to an increase in real terms of 3.8% from 2010.[5] In 2012, China became the largest spender in international tourism globally with US$102 billion, surpassing Germany and United States. China and emerging markets significantly increase their spending over the past decade, with Russia and Brazil as noteworthy examples
- published: 27 Jan 2014
- views: 46
Efren Reyes vs Hwa Jeong Young - 2014 World 9-ball Championship
LIKE | COMMENT | SHARE | SUBSCRIBE
The WPA World Nine-ball Championship is an annual, international, professional nine-ball pool (pocket billiards) tournament,...
LIKE | COMMENT | SHARE | SUBSCRIBE
The WPA World Nine-ball Championship is an annual, international, professional nine-ball pool (pocket billiards) tournament, founded in 1990, sanctioned by the World Pool-Billiard Association (WPA), and principally sponsored and organised by Matchroom Sport (who provide the event's official website, under the less specific name World Pool Championship). It is divided into Men's, Women's and Wheelchair Divisions, and is held in Doha, Qatar.
The first World Nine-ball Championship was held in 1990. The event was organised solely by the WPA from this inauguration through 1999. In July 1999, Matchroom Sport attempted to get involved with the organisation of the event, but their bid failed. The WPA event was played in Alicante, Spain, and won by Nick Varner of the United States. Broadcast on ESPN, it was the first pro nine-ball championship to be televised. Matchroom, meanwhile, instead organised what it called the World Professional Pool Championship, a competing and non-WPA-sanctioned event in Cardiff, Wales, which was won by Efren Reyes of the Philippines. The WPA was impressed by the professionalism of Matchroom's event organising and promotion, and the two parties agreed that, starting in 2000, the Matchroom and WPA tournaments would merge into a single official world championship, organised by Matchroom. The WPA also agreed to recognise the results of the 1999 Matchroon event, meaning that official listings show both Varner and Reyes as 1999 world champions. Matchroom changed its promotional name for the event to the "World Pool Championship", dropping the word "professional" from the title.
The event remained in Cardiff through 2003. In 2001, the number of competitors in the Men's Division was increased to 128 and a Men's Division first prize raised to US$65,000.
The 2004 and 2005 events were held in Taiwan, with a Men's Division first prize of $75,000 as of 2004. The 2005 tournament saw two rules changes: Last-64 and last-32 matches were extended to race-to-10 format, and the pockets on the tables were narrowed, to make the game more difficult.
In 2006, the Philippines became the host country for two years. All matches became alternating-break all the way from the group stages to the finals. Men's Division first prize escalated to $100,000. In 2007, the event ran from 3–11 November, and Daryl Peach of the England was the victor. Because of the global late-2000s recession the championship did not reappear on the calendar in 2008; for some time neither Matchroom nor the WPA released any predictions regarding its reinstatement, and no 2008 event was held, either.
After this two-year hiatus, the tournament returned as the 2010 WPA World Nine-ball Championship, 18 July, in Qatar, and is expected to recur in Doha until further notice. Francisco Bustamante of the Philippines won the 2010 title.
wn.com/Efren Reyes Vs Hwa Jeong Young 2014 World 9 Ball Championship
LIKE | COMMENT | SHARE | SUBSCRIBE
The WPA World Nine-ball Championship is an annual, international, professional nine-ball pool (pocket billiards) tournament, founded in 1990, sanctioned by the World Pool-Billiard Association (WPA), and principally sponsored and organised by Matchroom Sport (who provide the event's official website, under the less specific name World Pool Championship). It is divided into Men's, Women's and Wheelchair Divisions, and is held in Doha, Qatar.
The first World Nine-ball Championship was held in 1990. The event was organised solely by the WPA from this inauguration through 1999. In July 1999, Matchroom Sport attempted to get involved with the organisation of the event, but their bid failed. The WPA event was played in Alicante, Spain, and won by Nick Varner of the United States. Broadcast on ESPN, it was the first pro nine-ball championship to be televised. Matchroom, meanwhile, instead organised what it called the World Professional Pool Championship, a competing and non-WPA-sanctioned event in Cardiff, Wales, which was won by Efren Reyes of the Philippines. The WPA was impressed by the professionalism of Matchroom's event organising and promotion, and the two parties agreed that, starting in 2000, the Matchroom and WPA tournaments would merge into a single official world championship, organised by Matchroom. The WPA also agreed to recognise the results of the 1999 Matchroon event, meaning that official listings show both Varner and Reyes as 1999 world champions. Matchroom changed its promotional name for the event to the "World Pool Championship", dropping the word "professional" from the title.
The event remained in Cardiff through 2003. In 2001, the number of competitors in the Men's Division was increased to 128 and a Men's Division first prize raised to US$65,000.
The 2004 and 2005 events were held in Taiwan, with a Men's Division first prize of $75,000 as of 2004. The 2005 tournament saw two rules changes: Last-64 and last-32 matches were extended to race-to-10 format, and the pockets on the tables were narrowed, to make the game more difficult.
In 2006, the Philippines became the host country for two years. All matches became alternating-break all the way from the group stages to the finals. Men's Division first prize escalated to $100,000. In 2007, the event ran from 3–11 November, and Daryl Peach of the England was the victor. Because of the global late-2000s recession the championship did not reappear on the calendar in 2008; for some time neither Matchroom nor the WPA released any predictions regarding its reinstatement, and no 2008 event was held, either.
After this two-year hiatus, the tournament returned as the 2010 WPA World Nine-ball Championship, 18 July, in Qatar, and is expected to recur in Doha until further notice. Francisco Bustamante of the Philippines won the 2010 title.
- published: 22 Jun 2014
- views: 440464
Inglorious Basterds / Post Grad - Double Movie Review
During World War II a group of Jewish-American soldiers known as "The Basterds" are chosen specifically to spread fear throughout the Third Reich by scalping an...
During World War II a group of Jewish-American soldiers known as "The Basterds" are chosen specifically to spread fear throughout the Third Reich by scalping and brutally killing Nazis.
Ryden Malby graduates from college in the middle of the late 2000s recession and is forced to move back in with her parents, because her dream job has been given to her college nemesis Jessica Bard.
wn.com/Inglorious Basterds Post Grad Double Movie Review
During World War II a group of Jewish-American soldiers known as "The Basterds" are chosen specifically to spread fear throughout the Third Reich by scalping and brutally killing Nazis.
Ryden Malby graduates from college in the middle of the late 2000s recession and is forced to move back in with her parents, because her dream job has been given to her college nemesis Jessica Bard.
- published: 17 Aug 2009
- views: 181
Costanera Center is the tallest building in South and Latin Amarica
The Costanera Center is a business and commercial complex that includes a six-floor shopping mall, the Gran Torre Santiago and three other skyscrapers - two hig...
The Costanera Center is a business and commercial complex that includes a six-floor shopping mall, the Gran Torre Santiago and three other skyscrapers - two high-end hotels and an office building. The complex is located in the commune of Providencia, Santiago, Chile, and is owned by the holding Cencosud. The tallest of the four buildings, the Gran Torre Santiago, was designed by architect César Pelli and is 300 metres (980 ft) tall, making it the tallest building in Latin America and the second tallest in the Southern Hemisphere after Australia's Q1 on the Gold Coast at 322 metres (1,056 ft) tall. Of the two other buildings in the complex, one will be 170 metres (560 ft) high and the other only four stories.
Construction was put on hold in January 2009 as a consequence of the late 2000s recession, as the developers were concerned that they would not be able to find tenants if completed by the originally proposed date. After the recession reached its end, Cencosud announced the construction would resume on December 16, 2009.
The construction process restarted at the end of 2010. On February 14, 2012, the Gran Torre Santiago reached 300 meters and became the tallest building in South and Latin America.
wn.com/Costanera Center Is The Tallest Building In South And Latin Amarica
The Costanera Center is a business and commercial complex that includes a six-floor shopping mall, the Gran Torre Santiago and three other skyscrapers - two high-end hotels and an office building. The complex is located in the commune of Providencia, Santiago, Chile, and is owned by the holding Cencosud. The tallest of the four buildings, the Gran Torre Santiago, was designed by architect César Pelli and is 300 metres (980 ft) tall, making it the tallest building in Latin America and the second tallest in the Southern Hemisphere after Australia's Q1 on the Gold Coast at 322 metres (1,056 ft) tall. Of the two other buildings in the complex, one will be 170 metres (560 ft) high and the other only four stories.
Construction was put on hold in January 2009 as a consequence of the late 2000s recession, as the developers were concerned that they would not be able to find tenants if completed by the originally proposed date. After the recession reached its end, Cencosud announced the construction would resume on December 16, 2009.
The construction process restarted at the end of 2010. On February 14, 2012, the Gran Torre Santiago reached 300 meters and became the tallest building in South and Latin America.
- published: 02 Jul 2015
- views: 1787
Costanera Center the Amazing earthquake proof building ever built, Chile
The Costanera Center is a business and commercial complex that includes a six-floor shopping mall, the Gran Torre Santiago and three other skyscrapers - two hig...
The Costanera Center is a business and commercial complex that includes a six-floor shopping mall, the Gran Torre Santiago and three other skyscrapers - two high-end hotels and an office building. The complex is located in the commune of Providencia, Santiago, Chile, and is owned by the holding Cencosud. The tallest of the four buildings, the Gran Torre Santiago, was designed by architect César Pelli and is 300 metres (980 ft) tall, making it the tallest building in Latin America and the second tallest in the Southern Hemisphere after Australia's Q1 on the Gold Coast at 322 metres (1,056 ft) tall. Of the two other buildings in the complex, one will be 170 metres (560 ft) high and the other only four stories.
Construction was put on hold in January 2009 as a consequence of the late 2000s recession, as the developers were concerned that they would not be able to find tenants if completed by the originally proposed date. After the recession reached its end, Cencosud announced the construction would resume on December 16, 2009.
The construction process restarted at the end of 2010. On February 14, 2012, the Gran Torre Santiago reached 300 meters and became the tallest building in South and Latin America.
wn.com/Costanera Center The Amazing Earthquake Proof Building Ever Built, Chile
The Costanera Center is a business and commercial complex that includes a six-floor shopping mall, the Gran Torre Santiago and three other skyscrapers - two high-end hotels and an office building. The complex is located in the commune of Providencia, Santiago, Chile, and is owned by the holding Cencosud. The tallest of the four buildings, the Gran Torre Santiago, was designed by architect César Pelli and is 300 metres (980 ft) tall, making it the tallest building in Latin America and the second tallest in the Southern Hemisphere after Australia's Q1 on the Gold Coast at 322 metres (1,056 ft) tall. Of the two other buildings in the complex, one will be 170 metres (560 ft) high and the other only four stories.
Construction was put on hold in January 2009 as a consequence of the late 2000s recession, as the developers were concerned that they would not be able to find tenants if completed by the originally proposed date. After the recession reached its end, Cencosud announced the construction would resume on December 16, 2009.
The construction process restarted at the end of 2010. On February 14, 2012, the Gran Torre Santiago reached 300 meters and became the tallest building in South and Latin America.
- published: 10 Dec 2015
- views: 177
Colorful Costanera center in Santiago, Chile
The Costanera Center is a business and commercial complex that includes a six-floor shopping mall, the Gran Torre Santiago and three other skyscrapers - two hig...
The Costanera Center is a business and commercial complex that includes a six-floor shopping mall, the Gran Torre Santiago and three other skyscrapers - two high-end hotels and an office building. The complex is located in the commune of Providencia, Santiago, Chile, and is owned by the holding Cencosud. The tallest of the four buildings, the Gran Torre Santiago, was designed by architect César Pelli and is 300 metres (980 ft) tall, making it the tallest building in Latin America and the second tallest in the Southern Hemisphere after Australia's Q1 on the Gold Coast at 322 metres (1,056 ft) tall. Of the two other buildings in the complex, one will be 170 metres (560 ft) high and the other only four stories.
Construction was put on hold in January 2009 as a consequence of the late 2000s recession, as the developers were concerned that they would not be able to find tenants if completed by the originally proposed date. After the recession reached its end, Cencosud announced the construction would resume on December 16, 2009.
The construction process restarted at the end of 2010. On February 14, 2012, the Gran Torre Santiago reached 300 meters and became the tallest building in South and Latin America.
wn.com/Colorful Costanera Center In Santiago, Chile
The Costanera Center is a business and commercial complex that includes a six-floor shopping mall, the Gran Torre Santiago and three other skyscrapers - two high-end hotels and an office building. The complex is located in the commune of Providencia, Santiago, Chile, and is owned by the holding Cencosud. The tallest of the four buildings, the Gran Torre Santiago, was designed by architect César Pelli and is 300 metres (980 ft) tall, making it the tallest building in Latin America and the second tallest in the Southern Hemisphere after Australia's Q1 on the Gold Coast at 322 metres (1,056 ft) tall. Of the two other buildings in the complex, one will be 170 metres (560 ft) high and the other only four stories.
Construction was put on hold in January 2009 as a consequence of the late 2000s recession, as the developers were concerned that they would not be able to find tenants if completed by the originally proposed date. After the recession reached its end, Cencosud announced the construction would resume on December 16, 2009.
The construction process restarted at the end of 2010. On February 14, 2012, the Gran Torre Santiago reached 300 meters and became the tallest building in South and Latin America.
- published: 08 Dec 2015
- views: 193
Has Irrational Exuberance Inflated Stock and Bond Values? Dow Prices (1996)
"Irrational exuberance" is a phrase used by the then-Federal Reserve Board chairman, Alan Greenspan, in a speech given at the American Enterprise Institute duri...
"Irrational exuberance" is a phrase used by the then-Federal Reserve Board chairman, Alan Greenspan, in a speech given at the American Enterprise Institute during the Dot-com bubble of the 1990s. The phrase was interpreted as a warning that the market might be somewhat overvalued.
Greenspan's comment was made on December 5, 1996 (emphasis added in excerpt):
Clearly, sustained low inflation implies less uncertainty about the future, and lower risk premiums imply higher prices of stocks and other earning assets. We can see that in the inverse relationship exhibited by price/earnings ratios and the rate of inflation in the past. But how do we know when irrational exuberance has unduly escalated asset values, which then become subject to unexpected and prolonged contractions as they have in Japan over the past decade?
— "The Challenge of Central Banking in a Democratic Society", 1996-12-05
The prescience of the short comment within a rather dry and complex speech would not normally have been so memorable; however, it was followed by immediate slumps in stock markets worldwide, particularly the Nasdaq Composite, provoking a strong reaction in financial circles and making its way into colloquial speech. Greenspan's comment was well remembered, although few heeded the warning. The phrase was also used by Yale professor Robert Shiller,[1] who used it as the title of his book, Irrational Exuberance, in 2000.
By the mid-to-late 2000s the losses were recouped and eclipsed by a combination of events, including the 2000s commodities boom and the United States housing bubble. However, the late-2000s recession of 2007 onward wiped out these gains. The second market slump brought the phrase back into the public eye, where it was much used in hindsight, to characterize the excesses of the bygone era. In 2006, upon Greenspan's retirement from the Federal Reserve Board, The Daily Show with Jon Stewart held a full-length farewell show in his honor, named An Irrationally Exuberant Tribute to Alan Greenspan.
It had become a catchphrase of the boom to such an extent that, during the economic recession that followed the stock market collapse of 2000, bumper stickers reading "I want to be irrationally exuberant again" were sighted in Silicon Valley and elsewhere.
http://en.wikipedia.org/wiki/Irrational_exuberance
Extraordinary Popular Delusions and the Madness of Crowds is a history of popular folly by Scottish journalist Charles Mackay, first published in 1841. The book chronicles its subjects in three parts: "National Delusions", "Peculiar Follies", and "Philosophical Delusions". Despite its journalistic and rather sensational style, the book has gathered a body of academic support as a work of considerable importance in the history of social psychology and psychopathology.
The subjects of Mackay's debunking include economic bubbles, alchemy, crusades, witch-hunts, prophecies, fortune-telling, magnetisers (influence of imagination in curing disease), shape of hair and beard (influence of politics and religion on), murder through poisoning, haunted houses, popular follies of great cities, popular admiration of great thieves, duels, and relics. Present day writers on economics, such as Andrew Tobias and Michael Lewis, laud the three chapters on economic bubbles.[1] Scientist and astronomer Carl Sagan mentioned the book in his own discussion about pseudoscience, popular delusions, and hoaxes.[2]
In later editions Mackay added a footnote referencing the Railway Mania of the 1840s as another "popular delusion", of importance at least comparable with the South Sea Bubble. Mathematician Andrew Odlyzko has pointed out, in a published lecture, that Mackay himself played a role in this economic bubble, as leader writer in the Glasgow Argus; and wrote on 2 October 1845 that "There is no reason whatever to fear a crash".
http://en.wikipedia.org/wiki/Extraordinary_Popular_Delusions_and_the_Madness_of_Crowds
wn.com/Has Irrational Exuberance Inflated Stock And Bond Values Dow Prices (1996)
"Irrational exuberance" is a phrase used by the then-Federal Reserve Board chairman, Alan Greenspan, in a speech given at the American Enterprise Institute during the Dot-com bubble of the 1990s. The phrase was interpreted as a warning that the market might be somewhat overvalued.
Greenspan's comment was made on December 5, 1996 (emphasis added in excerpt):
Clearly, sustained low inflation implies less uncertainty about the future, and lower risk premiums imply higher prices of stocks and other earning assets. We can see that in the inverse relationship exhibited by price/earnings ratios and the rate of inflation in the past. But how do we know when irrational exuberance has unduly escalated asset values, which then become subject to unexpected and prolonged contractions as they have in Japan over the past decade?
— "The Challenge of Central Banking in a Democratic Society", 1996-12-05
The prescience of the short comment within a rather dry and complex speech would not normally have been so memorable; however, it was followed by immediate slumps in stock markets worldwide, particularly the Nasdaq Composite, provoking a strong reaction in financial circles and making its way into colloquial speech. Greenspan's comment was well remembered, although few heeded the warning. The phrase was also used by Yale professor Robert Shiller,[1] who used it as the title of his book, Irrational Exuberance, in 2000.
By the mid-to-late 2000s the losses were recouped and eclipsed by a combination of events, including the 2000s commodities boom and the United States housing bubble. However, the late-2000s recession of 2007 onward wiped out these gains. The second market slump brought the phrase back into the public eye, where it was much used in hindsight, to characterize the excesses of the bygone era. In 2006, upon Greenspan's retirement from the Federal Reserve Board, The Daily Show with Jon Stewart held a full-length farewell show in his honor, named An Irrationally Exuberant Tribute to Alan Greenspan.
It had become a catchphrase of the boom to such an extent that, during the economic recession that followed the stock market collapse of 2000, bumper stickers reading "I want to be irrationally exuberant again" were sighted in Silicon Valley and elsewhere.
http://en.wikipedia.org/wiki/Irrational_exuberance
Extraordinary Popular Delusions and the Madness of Crowds is a history of popular folly by Scottish journalist Charles Mackay, first published in 1841. The book chronicles its subjects in three parts: "National Delusions", "Peculiar Follies", and "Philosophical Delusions". Despite its journalistic and rather sensational style, the book has gathered a body of academic support as a work of considerable importance in the history of social psychology and psychopathology.
The subjects of Mackay's debunking include economic bubbles, alchemy, crusades, witch-hunts, prophecies, fortune-telling, magnetisers (influence of imagination in curing disease), shape of hair and beard (influence of politics and religion on), murder through poisoning, haunted houses, popular follies of great cities, popular admiration of great thieves, duels, and relics. Present day writers on economics, such as Andrew Tobias and Michael Lewis, laud the three chapters on economic bubbles.[1] Scientist and astronomer Carl Sagan mentioned the book in his own discussion about pseudoscience, popular delusions, and hoaxes.[2]
In later editions Mackay added a footnote referencing the Railway Mania of the 1840s as another "popular delusion", of importance at least comparable with the South Sea Bubble. Mathematician Andrew Odlyzko has pointed out, in a published lecture, that Mackay himself played a role in this economic bubble, as leader writer in the Glasgow Argus; and wrote on 2 October 1845 that "There is no reason whatever to fear a crash".
http://en.wikipedia.org/wiki/Extraordinary_Popular_Delusions_and_the_Madness_of_Crowds
- published: 30 Jun 2014
- views: 865
Christopher Hitchens on Media, Political Views, Ideology, Beliefs - Interview (1987)
Alexander Linklater has summarized Hitchens' intellectual outlook as follows:
One of [Hitchens'] old strongholds [was] the 17th-century contest between king and...
Alexander Linklater has summarized Hitchens' intellectual outlook as follows:
One of [Hitchens'] old strongholds [was] the 17th-century contest between king and parliament of the English civil war. For Hitchens, the Cromwellian revolt represents not just the foundational struggle for parliamentary rule, but the great rejection of divine right. ... But he is no optimistic Enlightenment rationalist. He identifies himself with Thomas Paine's disillusion at the French terror, and Rosa Luxemburg's famous warning to Lenin about the inexorability of one-man rule. He retains, however, from his Marxist youth an intellectual absolutism and a disdain for liberal dilemmas and trade-offs -- hence a brutal assault on Isaiah Berlin's genteel liberalism in a 1998 essay. He is incurious about what religious belief feels like, or what meaning it has for millions of people -- even though, unlike his co-anti-religionist Richard Dawkins, Hitchens concedes that religious feeling is ineradicable.
Hitchens became a Marxist and a Trotskyist in his teens, beliefs that further developed during his time at Oxford University. In the 1960s Hitchens joined the left -- specifically the International Socialists -- drawn by his anger over the Vietnam war, nuclear weapons, racism and "oligarchy", including that of "the unaccountable corporation". He became a socialist "largely [as] the outcome of a study of history, taking sides ... in the battles over industrialism and war and empire".
But by 2001, Hitchens had disavowed socialism, declaring "capitalism is the only revolutionary system".[2] In the same year he told Rhys Southan of Reason magazine that he could no longer say "I am a socialist". Socialists, he claimed, had ceased to offer a positive alternative to the capitalist system. Capitalism had become the more revolutionary economic system, and he welcomed globalization as "innovative and internationalist". He suggested that he had returned to his early, pre-socialist libertarianism, having come to attach great value to the freedom of the individual from the state and moral authoritarians.[3] Although by 2004 he described himself as "a recovering ex-Trotskyite",[4] in a 2006 debate he remarked that "I am no longer a socialist, but I still am a Marxist".[5]
Hitchens, as recently as 2009, again referred to himself as "a Marxist". Hitchens continued to affirm his respect for Marxist theory, including his 2009 article for The Atlantic entitled "The Revenge of Karl Marx". There he explains how Marx's economic analysis in Das Kapital has predicted many of the failures of the U. S. economy, including the late-2000s recession. In a June 2010 interview with The New York Times, he stated that "I still think like a Marxist in many ways. I think the materialist conception of history is valid. I consider myself a very conservative Marxist". He continued to regard both Vladimir Lenin and Leon Trotsky as great men, and the Bolsheviks' October Revolution as a necessary event in the modernization of Russia.
http://en.wikipedia.org/wiki/Christopher_Hitchens%27_political_views
wn.com/Christopher Hitchens On Media, Political Views, Ideology, Beliefs Interview (1987)
Alexander Linklater has summarized Hitchens' intellectual outlook as follows:
One of [Hitchens'] old strongholds [was] the 17th-century contest between king and parliament of the English civil war. For Hitchens, the Cromwellian revolt represents not just the foundational struggle for parliamentary rule, but the great rejection of divine right. ... But he is no optimistic Enlightenment rationalist. He identifies himself with Thomas Paine's disillusion at the French terror, and Rosa Luxemburg's famous warning to Lenin about the inexorability of one-man rule. He retains, however, from his Marxist youth an intellectual absolutism and a disdain for liberal dilemmas and trade-offs -- hence a brutal assault on Isaiah Berlin's genteel liberalism in a 1998 essay. He is incurious about what religious belief feels like, or what meaning it has for millions of people -- even though, unlike his co-anti-religionist Richard Dawkins, Hitchens concedes that religious feeling is ineradicable.
Hitchens became a Marxist and a Trotskyist in his teens, beliefs that further developed during his time at Oxford University. In the 1960s Hitchens joined the left -- specifically the International Socialists -- drawn by his anger over the Vietnam war, nuclear weapons, racism and "oligarchy", including that of "the unaccountable corporation". He became a socialist "largely [as] the outcome of a study of history, taking sides ... in the battles over industrialism and war and empire".
But by 2001, Hitchens had disavowed socialism, declaring "capitalism is the only revolutionary system".[2] In the same year he told Rhys Southan of Reason magazine that he could no longer say "I am a socialist". Socialists, he claimed, had ceased to offer a positive alternative to the capitalist system. Capitalism had become the more revolutionary economic system, and he welcomed globalization as "innovative and internationalist". He suggested that he had returned to his early, pre-socialist libertarianism, having come to attach great value to the freedom of the individual from the state and moral authoritarians.[3] Although by 2004 he described himself as "a recovering ex-Trotskyite",[4] in a 2006 debate he remarked that "I am no longer a socialist, but I still am a Marxist".[5]
Hitchens, as recently as 2009, again referred to himself as "a Marxist". Hitchens continued to affirm his respect for Marxist theory, including his 2009 article for The Atlantic entitled "The Revenge of Karl Marx". There he explains how Marx's economic analysis in Das Kapital has predicted many of the failures of the U. S. economy, including the late-2000s recession. In a June 2010 interview with The New York Times, he stated that "I still think like a Marxist in many ways. I think the materialist conception of history is valid. I consider myself a very conservative Marxist". He continued to regard both Vladimir Lenin and Leon Trotsky as great men, and the Bolsheviks' October Revolution as a necessary event in the modernization of Russia.
http://en.wikipedia.org/wiki/Christopher_Hitchens%27_political_views
- published: 01 Sep 2014
- views: 1700
-
Red Chinese Battle Plan circa 1966 Cold War Anti-Communist Propaganda Film
more at http://news.quickfound.net/intl/china_news.html
"Cold War-era anti-[Red] Chinese propaganda film featuring footage of revolutionary activities and combat, 1921-64." Film strangely has a US Navy training film tag at the end dated 1955; but content within the film runs to at least 1966 (overthrow of Ghana President Kwame Nkrumah) and the style of presentation is not at all like a Navy train
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Christopher Hitchens and Pat Buchanan on Politics, Clinton and the Civil War in Bosnia (1993)
In 2010, Theodore Dalrymple wrote, "Christopher made an early commitment to Trotskyism, but it is difficult to take him very seriously as a revolutionary because he always has been too much of a hedonist. Indeed, he appears to me to have had roughly the same relationship to proletarians as Marie Antoinette had to sheep: They have walk-on parts in his personal drama. There is not much evidence of h
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Consumer Financial Protection Bureau Oversight: Elizabeth Warren Testimony (2011)
The Consumer Financial Protection Bureau (CFPB) is an independent federal agency that holds primary responsibility for regulating consumer protection with regard to financial products and services in the United States. The CFPB was created in 2011 after its conception was included as part of the Dodd--Frank Wall Street Reform and Consumer Protection Act, which passed as a response to the financial
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Consumer Financial Protection Bureau Oversight: Elizabeth Warren Testimony (2011)
The Consumer Financial Protection Bureau (CFPB) is an independent federal agency that holds primary responsibility for regulating consumer protection with regard to financial products and services in the United States.
The CFPB was created in 2011 after its conception was included as part of the Dodd--Frank Wall Street Reform and Consumer Protection Act, which passed as a response to the financial
-
Paul Krugman: U.S. Economic Recovery, Taxes & the Middle Class (2012)
In the early 2000s, Krugman repeatedly criticized the Bush tax cuts, both before and after they were enacted. Krugman argued that the tax cuts enlarged the budget deficit without improving the economy, and that they enriched the wealthy -- worsening income distribution in the US. Krugman advocated lower interest rates (to promote investment and spending on housing and other durable goods), and inc
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Joseph Reyes vs Chen Hsing - 2014 World 9-ball Championship
LIKE | COMMENT | SHARE | SUBSCRIBE
The WPA World Nine-ball Championship is an annual, international, professional nine-ball pool (pocket billiards) tournament, founded in 1990, sanctioned by the World Pool-Billiard Association (WPA), and principally sponsored and organised by Matchroom Sport (who provide the event's official website, under the less specific name World Pool Championship). It is di
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Gallego Ramil vs Chen Hsing Tin - 2014 World 9-ball Championship
LIKE | COMMENT | SHARE | SUBSCRIBE
The WPA World Nine-ball Championship is an annual, international, professional nine-ball pool (pocket billiards) tournament, founded in 1990, sanctioned by the World Pool-Billiard Association (WPA), and principally sponsored and organised by Matchroom Sport (who provide the event's official website, under the less specific name World Pool Championship). It is di
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Economic Thrift Institutions: Federal Home Loan Bank Board - Finance (1987)
The Federal Home Loan Bank Board (FHLBB) was a board created by the Federal Home Loan Bank Act of 1932 that created and oversaw the Federal Home Loan Banks (FHLB or FHLBanks) also created by the act. It was superseded by the Federal Housing Finance Board and the Office of Thrift Supervision in the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA).
http://en.wikipedia.o
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Kuribayashi Tohru vs Warren Kiamco - 2014 World 9-ball Championship
LIKE | COMMENT | SHARE | SUBSCRIBE
The WPA World Nine-ball Championship is an annual, international, professional nine-ball pool (pocket billiards) tournament, founded in 1990, sanctioned by the World Pool-Billiard Association (WPA), and principally sponsored and organised by Matchroom Sport (who provide the event's official website, under the less specific name World Pool Championship). It is di
Red Chinese Battle Plan circa 1966 Cold War Anti-Communist Propaganda Film
more at http://news.quickfound.net/intl/china_news.html
"Cold War-era anti-[Red] Chinese propaganda film featuring footage of revolutionary activities and comb...
more at http://news.quickfound.net/intl/china_news.html
"Cold War-era anti-[Red] Chinese propaganda film featuring footage of revolutionary activities and combat, 1921-64." Film strangely has a US Navy training film tag at the end dated 1955; but content within the film runs to at least 1966 (overthrow of Ghana President Kwame Nkrumah) and the style of presentation is not at all like a Navy training film.
Public domain film from the Internet Archive, slightly cropped to remove uneven edges, with the aspect ratio corrected, and mild video noise reduction applied.
The soundtrack was also processed with volume normalization, noise reduction, clipping reduction, and/or equalization (the resulting sound, though not perfect, is far less noisy than the original).
http://creativecommons.org/licenses/by-sa/3.0/
http://en.wikipedia.org/wiki/China
On 1 January 1912, the Republic of China was established, and Sun Yat-sen of the Kuomintang (the KMT or Nationalist Party) was proclaimed provisional president. However, the presidency was later given to Yuan Shikai, a former Qing general...
After Yuan Shikai's death in 1916, China was politically fragmented. Its Beijing-based government was internationally recognized but virtually powerless; regional warlords controlled most of its territory. In the late 1920s, the Kuomintang, under Chiang Kai-shek, was able to reunify the country under its own control... The Kuomintang moved the nation's capital to Nanjing... The political division in China made it difficult for Chiang to battle the Communists, against whom the Kuomintang had been warring since 1927 in the Chinese Civil War. This war continued successfully for the Kuomintang, especially after the Communists retreated in the Long March, until Japanese aggression and the 1936 Xi'an Incident forced Chiang to confront Imperial Japan.
The Second Sino-Japanese War (1937–1945), a theatre of World War II, forced an uneasy alliance between the Kuomintang and the Communists. Japanese forces committed numerous war atrocities against the civilian population; in all, as many as 20 million Chinese civilians died. An estimated 200,000 Chinese were massacred in the city of Nanjing alone during the Japanese occupation. After the surrender of Japan in 1945... continued distrust between the Kuomintang and the Communists led to the resumption of civil war. In 1947, constitutional rule was established, but because of the ongoing unrest, many provisions of the ROC constitution were never implemented in mainland China.
Major combat in the Chinese Civil War ended in 1949 with the Communist Party in control of most of mainland China, and the Kuomintang retreating offshore, reducing the ROC's territory to only Taiwan, Hainan, and their surrounding islands. On 1 October 1949, Communist Party Chairman Mao Zedong proclaimed the establishment of the People's Republic of China. In 1950, the People's Liberation Army succeeded in capturing Hainan from the ROC and occupying Tibet. However, remaining Nationalist forces continued to wage an insurgency in western China throughout the 1950s.
Mao encouraged population growth, and under his leadership the Chinese population almost doubled from around 550 million to over 900 million. However, Mao's Great Leap Forward, a large-scale economic and social reform project, resulted in an estimated 45 million deaths between 1958 and 1961, mostly from starvation... In October 1971, the PRC replaced the Republic of China in the United Nations, and took its seat as a permanent member of the Security Council.
After Mao's death in 1976 and the arrest of the faction known as the Gang of Four, who were blamed for the excesses of the Cultural Revolution, Deng Xiaoping took power and led the country to significant economic reforms. The Communist Party subsequently loosened governmental control over citizens' personal lives and the communes were disbanded in favour of private land leases. This turn of events marked China's transition from a planned economy to a mixed economy with an increasingly open market environment. China adopted its current constitution on 4 December 1982. In 1989, the violent suppression of student protests in Tiananmen Square brought condemnation and sanctions against the Chinese government from various countries.
Jiang Zemin, Li Peng and Zhu Rongji led the nation in the 1990s. Under their administration, China's economic performance pulled an estimated 150 million peasants out of poverty and sustained an average annual gross domestic product growth rate of 11.2%. The country formally joined the World Trade Organization in 2001, and maintained its high rate of economic growth under Hu Jintao and Wen Jiabao's leadership in the 2000s. However, rapid growth also severely impacted the country's resources and environment, and caused major social displacement. Living standards continued to improve rapidly despite the late-2000s recession, but centralized political control remained tight...
wn.com/Red Chinese Battle Plan Circa 1966 Cold War Anti Communist Propaganda Film
more at http://news.quickfound.net/intl/china_news.html
"Cold War-era anti-[Red] Chinese propaganda film featuring footage of revolutionary activities and combat, 1921-64." Film strangely has a US Navy training film tag at the end dated 1955; but content within the film runs to at least 1966 (overthrow of Ghana President Kwame Nkrumah) and the style of presentation is not at all like a Navy training film.
Public domain film from the Internet Archive, slightly cropped to remove uneven edges, with the aspect ratio corrected, and mild video noise reduction applied.
The soundtrack was also processed with volume normalization, noise reduction, clipping reduction, and/or equalization (the resulting sound, though not perfect, is far less noisy than the original).
http://creativecommons.org/licenses/by-sa/3.0/
http://en.wikipedia.org/wiki/China
On 1 January 1912, the Republic of China was established, and Sun Yat-sen of the Kuomintang (the KMT or Nationalist Party) was proclaimed provisional president. However, the presidency was later given to Yuan Shikai, a former Qing general...
After Yuan Shikai's death in 1916, China was politically fragmented. Its Beijing-based government was internationally recognized but virtually powerless; regional warlords controlled most of its territory. In the late 1920s, the Kuomintang, under Chiang Kai-shek, was able to reunify the country under its own control... The Kuomintang moved the nation's capital to Nanjing... The political division in China made it difficult for Chiang to battle the Communists, against whom the Kuomintang had been warring since 1927 in the Chinese Civil War. This war continued successfully for the Kuomintang, especially after the Communists retreated in the Long March, until Japanese aggression and the 1936 Xi'an Incident forced Chiang to confront Imperial Japan.
The Second Sino-Japanese War (1937–1945), a theatre of World War II, forced an uneasy alliance between the Kuomintang and the Communists. Japanese forces committed numerous war atrocities against the civilian population; in all, as many as 20 million Chinese civilians died. An estimated 200,000 Chinese were massacred in the city of Nanjing alone during the Japanese occupation. After the surrender of Japan in 1945... continued distrust between the Kuomintang and the Communists led to the resumption of civil war. In 1947, constitutional rule was established, but because of the ongoing unrest, many provisions of the ROC constitution were never implemented in mainland China.
Major combat in the Chinese Civil War ended in 1949 with the Communist Party in control of most of mainland China, and the Kuomintang retreating offshore, reducing the ROC's territory to only Taiwan, Hainan, and their surrounding islands. On 1 October 1949, Communist Party Chairman Mao Zedong proclaimed the establishment of the People's Republic of China. In 1950, the People's Liberation Army succeeded in capturing Hainan from the ROC and occupying Tibet. However, remaining Nationalist forces continued to wage an insurgency in western China throughout the 1950s.
Mao encouraged population growth, and under his leadership the Chinese population almost doubled from around 550 million to over 900 million. However, Mao's Great Leap Forward, a large-scale economic and social reform project, resulted in an estimated 45 million deaths between 1958 and 1961, mostly from starvation... In October 1971, the PRC replaced the Republic of China in the United Nations, and took its seat as a permanent member of the Security Council.
After Mao's death in 1976 and the arrest of the faction known as the Gang of Four, who were blamed for the excesses of the Cultural Revolution, Deng Xiaoping took power and led the country to significant economic reforms. The Communist Party subsequently loosened governmental control over citizens' personal lives and the communes were disbanded in favour of private land leases. This turn of events marked China's transition from a planned economy to a mixed economy with an increasingly open market environment. China adopted its current constitution on 4 December 1982. In 1989, the violent suppression of student protests in Tiananmen Square brought condemnation and sanctions against the Chinese government from various countries.
Jiang Zemin, Li Peng and Zhu Rongji led the nation in the 1990s. Under their administration, China's economic performance pulled an estimated 150 million peasants out of poverty and sustained an average annual gross domestic product growth rate of 11.2%. The country formally joined the World Trade Organization in 2001, and maintained its high rate of economic growth under Hu Jintao and Wen Jiabao's leadership in the 2000s. However, rapid growth also severely impacted the country's resources and environment, and caused major social displacement. Living standards continued to improve rapidly despite the late-2000s recession, but centralized political control remained tight...
- published: 02 May 2015
- views: 1379
Christopher Hitchens and Pat Buchanan on Politics, Clinton and the Civil War in Bosnia (1993)
In 2010, Theodore Dalrymple wrote, "Christopher made an early commitment to Trotskyism, but it is difficult to take him very seriously as a revolutionary becaus...
In 2010, Theodore Dalrymple wrote, "Christopher made an early commitment to Trotskyism, but it is difficult to take him very seriously as a revolutionary because he always has been too much of a hedonist. Indeed, he appears to me to have had roughly the same relationship to proletarians as Marie Antoinette had to sheep: They have walk-on parts in his personal drama. There is not much evidence of his having thought deeply, or even at all, about the fate, under a social system he vociferously advocated, of the pleasures he so clearly values, the liking for which I don't in the least blame him; nor is there evidence of any real reflection on what the world would have been like had his demands been met. Not permanent revolution but permanent adolescence has been his goal, and I think he has achieved it."
Hitchens became a socialist "largely [as] the outcome of a study of history, taking sides ... in the battles over industrialism and war and empire." In 2001, he told Rhys Southan of Reason magazine that he could no longer say "I am a socialist". Socialists, he claimed, had ceased to offer a positive alternative to the capitalist system. Capitalism had become the more revolutionary economic system, and he welcomed globalisation as "innovative and internationalist", but added, "I don't think that the contradictions, as we used to say, of the system, are by any means all resolved." He stated that he had a renewed interest in the freedom of the individual from the state, but that he still considered libertarianism "ahistorical" both on the world stage and in the work of creating a stable and functional society, adding that libertarians are "more worried about the over-mighty state than the unaccountable corporation" whereas "the present state of affairs ... combines the worst of bureaucracy with the worst of the insurance companies."[64]
In 2006, in a town hall meeting in Pennsylvania debating the Jewish Tradition with Martin Amis, Hitchens commented on his political philosophy by stating, "I am no longer a socialist, but I still am a Marxist".[65] In a June 2010 interview with The New York Times, he stated that "I still think like a Marxist in many ways. I think the materialist conception of history is valid. I consider myself a very conservative Marxist".[66] In 2009, in an article for The Atlantic entitled "The Revenge of Karl Marx", Hitchens frames the late-2000s recession in terms of Marx's economic analysis and notes how much Marx admired the capitalist system that he called for the end of, but says that Marx ultimately failed to grasp how revolutionary capitalist innovation was.[67] Hitchens was an admirer of Che Guevara, yet in an essay written in 1997, he distanced himself from Che, and referred to the mythos surrounding him as a "cult".[68] In 2004 he resumed his positive view of Che, commenting that "[Che's] death meant a lot to me and countless like me at the time. He was a role model, albeit an impossible one for us bourgeois romantics insofar as he went and did what revolutionaries were meant to do—fought and died for his beliefs."[69]
He continued to regard Leon Trotsky and Vladmir Lenin as great men,[70][71] and the October Revolution as a necessary event in the modernisation of Russia.[19][28] In 2005, Hitchens praised Lenin's creation of "secular Russia" and his discrediting of the Russian Orthodox Church, describing it as "an absolute warren of backwardness and evil and superstition".[19]
Hitchens was known for his scathing critiques of public figures. Three figures—Bill Clinton, Henry Kissinger, and Mother Teresa—were the targets of three separate full length texts, No One Left to Lie To: The Triangulations of William Jefferson Clinton, The Trial of Henry Kissinger, and The Missionary Position: Mother Teresa in Theory and Practice. Hitchens also wrote book-length biographical essays about Thomas Jefferson (Thomas Jefferson: Author of America), George Orwell (Why Orwell Matters), and Thomas Paine (Thomas Paine's "Rights of Man": A Biography).
The majority of Hitchens's critiques took the form of short opinion pieces, including critiques of: Jerry Falwell,[104][105] George Galloway,[106] Mel Gibson,[107] Tenzin Gyatso, the 14th Dalai Lama,[108] Michael Moore,[109] Daniel Pipes,[110] Ronald Reagan,[111] Jesse Helms,[112] and Cindy Sheehan.[19][113] When comedian Bob Hope died in 2003, Hitchens wrote an attack piece on him, calling Hope "a fool and nearly a clown, but he was never even remotely a comedian" and "Quick, then—what is your favorite Bob Hope gag? It wouldn't take you long if I challenged you on Milton Berle, or Woody Allen, or John Cleese, or even Lenny Bruce or Mort Sahl. By this time tomorrow, I bet you haven't come up with a real joke for which Hope could take credit." Critics argued that Hitchens focused solely on Hope's declining years and ignored his heyday in the 1940s.
http://en.wikipedia.org/wiki/Christopher_hitchens
wn.com/Christopher Hitchens And Pat Buchanan On Politics, Clinton And The Civil War In Bosnia (1993)
In 2010, Theodore Dalrymple wrote, "Christopher made an early commitment to Trotskyism, but it is difficult to take him very seriously as a revolutionary because he always has been too much of a hedonist. Indeed, he appears to me to have had roughly the same relationship to proletarians as Marie Antoinette had to sheep: They have walk-on parts in his personal drama. There is not much evidence of his having thought deeply, or even at all, about the fate, under a social system he vociferously advocated, of the pleasures he so clearly values, the liking for which I don't in the least blame him; nor is there evidence of any real reflection on what the world would have been like had his demands been met. Not permanent revolution but permanent adolescence has been his goal, and I think he has achieved it."
Hitchens became a socialist "largely [as] the outcome of a study of history, taking sides ... in the battles over industrialism and war and empire." In 2001, he told Rhys Southan of Reason magazine that he could no longer say "I am a socialist". Socialists, he claimed, had ceased to offer a positive alternative to the capitalist system. Capitalism had become the more revolutionary economic system, and he welcomed globalisation as "innovative and internationalist", but added, "I don't think that the contradictions, as we used to say, of the system, are by any means all resolved." He stated that he had a renewed interest in the freedom of the individual from the state, but that he still considered libertarianism "ahistorical" both on the world stage and in the work of creating a stable and functional society, adding that libertarians are "more worried about the over-mighty state than the unaccountable corporation" whereas "the present state of affairs ... combines the worst of bureaucracy with the worst of the insurance companies."[64]
In 2006, in a town hall meeting in Pennsylvania debating the Jewish Tradition with Martin Amis, Hitchens commented on his political philosophy by stating, "I am no longer a socialist, but I still am a Marxist".[65] In a June 2010 interview with The New York Times, he stated that "I still think like a Marxist in many ways. I think the materialist conception of history is valid. I consider myself a very conservative Marxist".[66] In 2009, in an article for The Atlantic entitled "The Revenge of Karl Marx", Hitchens frames the late-2000s recession in terms of Marx's economic analysis and notes how much Marx admired the capitalist system that he called for the end of, but says that Marx ultimately failed to grasp how revolutionary capitalist innovation was.[67] Hitchens was an admirer of Che Guevara, yet in an essay written in 1997, he distanced himself from Che, and referred to the mythos surrounding him as a "cult".[68] In 2004 he resumed his positive view of Che, commenting that "[Che's] death meant a lot to me and countless like me at the time. He was a role model, albeit an impossible one for us bourgeois romantics insofar as he went and did what revolutionaries were meant to do—fought and died for his beliefs."[69]
He continued to regard Leon Trotsky and Vladmir Lenin as great men,[70][71] and the October Revolution as a necessary event in the modernisation of Russia.[19][28] In 2005, Hitchens praised Lenin's creation of "secular Russia" and his discrediting of the Russian Orthodox Church, describing it as "an absolute warren of backwardness and evil and superstition".[19]
Hitchens was known for his scathing critiques of public figures. Three figures—Bill Clinton, Henry Kissinger, and Mother Teresa—were the targets of three separate full length texts, No One Left to Lie To: The Triangulations of William Jefferson Clinton, The Trial of Henry Kissinger, and The Missionary Position: Mother Teresa in Theory and Practice. Hitchens also wrote book-length biographical essays about Thomas Jefferson (Thomas Jefferson: Author of America), George Orwell (Why Orwell Matters), and Thomas Paine (Thomas Paine's "Rights of Man": A Biography).
The majority of Hitchens's critiques took the form of short opinion pieces, including critiques of: Jerry Falwell,[104][105] George Galloway,[106] Mel Gibson,[107] Tenzin Gyatso, the 14th Dalai Lama,[108] Michael Moore,[109] Daniel Pipes,[110] Ronald Reagan,[111] Jesse Helms,[112] and Cindy Sheehan.[19][113] When comedian Bob Hope died in 2003, Hitchens wrote an attack piece on him, calling Hope "a fool and nearly a clown, but he was never even remotely a comedian" and "Quick, then—what is your favorite Bob Hope gag? It wouldn't take you long if I challenged you on Milton Berle, or Woody Allen, or John Cleese, or even Lenny Bruce or Mort Sahl. By this time tomorrow, I bet you haven't come up with a real joke for which Hope could take credit." Critics argued that Hitchens focused solely on Hope's declining years and ignored his heyday in the 1940s.
http://en.wikipedia.org/wiki/Christopher_hitchens
- published: 02 May 2014
- views: 6006
Consumer Financial Protection Bureau Oversight: Elizabeth Warren Testimony (2011)
The Consumer Financial Protection Bureau (CFPB) is an independent federal agency that holds primary responsibility for regulating consumer protection with regar...
The Consumer Financial Protection Bureau (CFPB) is an independent federal agency that holds primary responsibility for regulating consumer protection with regard to financial products and services in the United States. The CFPB was created in 2011 after its conception was included as part of the Dodd--Frank Wall Street Reform and Consumer Protection Act, which passed as a response to the financial crisis of 2007--08 that played a significant role in creating the Great Recession and was signed into law by President Barack Obama. The jurisdiction of the bureau includes banks, credit unions, securities firms, payday lenders, mortgage-servicing operations, foreclosure relief services, debt collectors and other financial companies, and its most pressing concerns are mortgages, credit cards and student loans, according to Director Richard Cordray.[3][4] It was designed to consolidate employees and responsibilities from a number of other federal regulatory bodies, including the Federal Reserve, the Federal Trade Commission, the Federal Deposit Insurance Corporation, the National Credit Union Administration and even the Department of Housing and Urban Development.[5]The bureau is an independent unit located inside and funded by the United States Federal Reserve, with interim affiliation with the U.S. Treasury Department. It writes and enforces rules for financial institutions, examines both bank and non-bank financial institutions, monitors and reports on markets, as well as collects and tracks consumer complaints.[4] The CFPB opened its website in early February 2011 to accept suggestions from consumers via YouTube, Twitter, and its own website interface. According to the United States Treasury Department, the bureau is tasked with the responsibility to promote fairness and transparency for mortgages, credit cards, and other consumer financial products and services.[6] According to the bureau's own webpage, The central mission of the Consumer Financial Protection Bureau (CFPB) is to make markets for consumer financial products and services work for Americans—whether they are applying for a mortgage, choosing among credit cards, or using any number of other consumer financial products. In July 2010, Congress passed the Dodd--Frank Wall Street Reform and Consumer Protection Act, during the 111th United States Congress in response to the Late-2000s recession and financial crisis.[3] The agency was originally proposed in 2007 by Harvard Law School professor Elizabeth Warren.[8] On September 17, Obama announced the appointment of Warren as Special Advisor to set up the bureau.[9] The bureau began operation on July 21, 2011, shortly after Obama announced that Warren would be passed over as Director in favor of Richard Cordray,[10] who prior to the nomination had been hired as chief of enforcement for the agency.[11] As Ohio Attorney General from 2009 to 2011, Cordray won $2 billion in settlements from financial companies.
wn.com/Consumer Financial Protection Bureau Oversight Elizabeth Warren Testimony (2011)
The Consumer Financial Protection Bureau (CFPB) is an independent federal agency that holds primary responsibility for regulating consumer protection with regard to financial products and services in the United States. The CFPB was created in 2011 after its conception was included as part of the Dodd--Frank Wall Street Reform and Consumer Protection Act, which passed as a response to the financial crisis of 2007--08 that played a significant role in creating the Great Recession and was signed into law by President Barack Obama. The jurisdiction of the bureau includes banks, credit unions, securities firms, payday lenders, mortgage-servicing operations, foreclosure relief services, debt collectors and other financial companies, and its most pressing concerns are mortgages, credit cards and student loans, according to Director Richard Cordray.[3][4] It was designed to consolidate employees and responsibilities from a number of other federal regulatory bodies, including the Federal Reserve, the Federal Trade Commission, the Federal Deposit Insurance Corporation, the National Credit Union Administration and even the Department of Housing and Urban Development.[5]The bureau is an independent unit located inside and funded by the United States Federal Reserve, with interim affiliation with the U.S. Treasury Department. It writes and enforces rules for financial institutions, examines both bank and non-bank financial institutions, monitors and reports on markets, as well as collects and tracks consumer complaints.[4] The CFPB opened its website in early February 2011 to accept suggestions from consumers via YouTube, Twitter, and its own website interface. According to the United States Treasury Department, the bureau is tasked with the responsibility to promote fairness and transparency for mortgages, credit cards, and other consumer financial products and services.[6] According to the bureau's own webpage, The central mission of the Consumer Financial Protection Bureau (CFPB) is to make markets for consumer financial products and services work for Americans—whether they are applying for a mortgage, choosing among credit cards, or using any number of other consumer financial products. In July 2010, Congress passed the Dodd--Frank Wall Street Reform and Consumer Protection Act, during the 111th United States Congress in response to the Late-2000s recession and financial crisis.[3] The agency was originally proposed in 2007 by Harvard Law School professor Elizabeth Warren.[8] On September 17, Obama announced the appointment of Warren as Special Advisor to set up the bureau.[9] The bureau began operation on July 21, 2011, shortly after Obama announced that Warren would be passed over as Director in favor of Richard Cordray,[10] who prior to the nomination had been hired as chief of enforcement for the agency.[11] As Ohio Attorney General from 2009 to 2011, Cordray won $2 billion in settlements from financial companies.
- published: 20 Dec 2014
- views: 310
Consumer Financial Protection Bureau Oversight: Elizabeth Warren Testimony (2011)
The Consumer Financial Protection Bureau (CFPB) is an independent federal agency that holds primary responsibility for regulating consumer protection with regar...
The Consumer Financial Protection Bureau (CFPB) is an independent federal agency that holds primary responsibility for regulating consumer protection with regard to financial products and services in the United States.
The CFPB was created in 2011 after its conception was included as part of the Dodd--Frank Wall Street Reform and Consumer Protection Act, which passed as a response to the financial crisis of 2007--08 that played a significant role in creating the Great Recession and was signed into law by President Barack Obama.
The jurisdiction of the bureau includes banks, credit unions, securities firms, payday lenders, mortgage-servicing operations, foreclosure relief services, debt collectors and other financial companies, and its most pressing concerns are mortgages, credit cards and student loans, according to Director Richard Cordray.[3][4] It was designed to consolidate employees and responsibilities from a number of other federal regulatory bodies, including the Federal Reserve, the Federal Trade Commission, the Federal Deposit Insurance Corporation, the National Credit Union Administration and even the Department of Housing and Urban Development.[5]The bureau is an independent unit located inside and funded by the United States Federal Reserve, with interim affiliation with the U.S. Treasury Department. It writes and enforces rules for financial institutions, examines both bank and non-bank financial institutions, monitors and reports on markets, as well as collects and tracks consumer complaints.[4]
The CFPB opened its website in early February 2011 to accept suggestions from consumers via YouTube, Twitter, and its own website interface. According to the United States Treasury Department, the bureau is tasked with the responsibility to "promote fairness and transparency for mortgages, credit cards, and other consumer financial products and services."[6] According to the bureau's own webpage, "The central mission of the Consumer Financial Protection Bureau (CFPB) is to make markets for consumer financial products and services work for Americans—whether they are applying for a mortgage, choosing among credit cards, or using any number of other consumer financial products."
In July 2010, Congress passed the Dodd--Frank Wall Street Reform and Consumer Protection Act, during the 111th United States Congress in response to the Late-2000s recession and financial crisis.[3] The agency was originally proposed in 2007 by Harvard Law School professor Elizabeth Warren.[8] On September 17, Obama announced the appointment of Warren as Special Advisor to set up the bureau.[9] The bureau began operation on July 21, 2011, shortly after Obama announced that Warren would be passed over as Director in favor of Richard Cordray,[10] who prior to the nomination had been hired as chief of enforcement for the agency.[11] As Ohio Attorney General from 2009 to 2011, Cordray won $2 billion in settlements from financial companies.
http://en.wikipedia.org/wiki/Consumer_Financial_Protection_Bureau
wn.com/Consumer Financial Protection Bureau Oversight Elizabeth Warren Testimony (2011)
The Consumer Financial Protection Bureau (CFPB) is an independent federal agency that holds primary responsibility for regulating consumer protection with regard to financial products and services in the United States.
The CFPB was created in 2011 after its conception was included as part of the Dodd--Frank Wall Street Reform and Consumer Protection Act, which passed as a response to the financial crisis of 2007--08 that played a significant role in creating the Great Recession and was signed into law by President Barack Obama.
The jurisdiction of the bureau includes banks, credit unions, securities firms, payday lenders, mortgage-servicing operations, foreclosure relief services, debt collectors and other financial companies, and its most pressing concerns are mortgages, credit cards and student loans, according to Director Richard Cordray.[3][4] It was designed to consolidate employees and responsibilities from a number of other federal regulatory bodies, including the Federal Reserve, the Federal Trade Commission, the Federal Deposit Insurance Corporation, the National Credit Union Administration and even the Department of Housing and Urban Development.[5]The bureau is an independent unit located inside and funded by the United States Federal Reserve, with interim affiliation with the U.S. Treasury Department. It writes and enforces rules for financial institutions, examines both bank and non-bank financial institutions, monitors and reports on markets, as well as collects and tracks consumer complaints.[4]
The CFPB opened its website in early February 2011 to accept suggestions from consumers via YouTube, Twitter, and its own website interface. According to the United States Treasury Department, the bureau is tasked with the responsibility to "promote fairness and transparency for mortgages, credit cards, and other consumer financial products and services."[6] According to the bureau's own webpage, "The central mission of the Consumer Financial Protection Bureau (CFPB) is to make markets for consumer financial products and services work for Americans—whether they are applying for a mortgage, choosing among credit cards, or using any number of other consumer financial products."
In July 2010, Congress passed the Dodd--Frank Wall Street Reform and Consumer Protection Act, during the 111th United States Congress in response to the Late-2000s recession and financial crisis.[3] The agency was originally proposed in 2007 by Harvard Law School professor Elizabeth Warren.[8] On September 17, Obama announced the appointment of Warren as Special Advisor to set up the bureau.[9] The bureau began operation on July 21, 2011, shortly after Obama announced that Warren would be passed over as Director in favor of Richard Cordray,[10] who prior to the nomination had been hired as chief of enforcement for the agency.[11] As Ohio Attorney General from 2009 to 2011, Cordray won $2 billion in settlements from financial companies.
http://en.wikipedia.org/wiki/Consumer_Financial_Protection_Bureau
- published: 21 Oct 2013
- views: 475
Paul Krugman: U.S. Economic Recovery, Taxes & the Middle Class (2012)
In the early 2000s, Krugman repeatedly criticized the Bush tax cuts, both before and after they were enacted. Krugman argued that the tax cuts enlarged the budg...
In the early 2000s, Krugman repeatedly criticized the Bush tax cuts, both before and after they were enacted. Krugman argued that the tax cuts enlarged the budget deficit without improving the economy, and that they enriched the wealthy -- worsening income distribution in the US. Krugman advocated lower interest rates (to promote investment and spending on housing and other durable goods), and increased government spending on infrastructure, military, and unemployment benefits, arguing that these policies would have a larger stimulus effect, and unlike permanent tax cuts, would only temporarily increase the budget deficit.
In August 2005, after Alan Greenspan expressed concern over housing markets, Krugman criticized Greenspan's earlier reluctance to regulate the mortgage and related financial markets, arguing that "[he's] like a man who suggests leaving the barn door ajar, and then -- after the horse is gone -- delivers a lecture on the importance of keeping your animals properly locked up."[135] Krugman has repeatedly expressed his view that Greenspan and Phil Gramm are the two individuals most responsible for causing the subprime crisis. Krugman points to Greenspan and Gramm for the key roles they played in keeping derivatives, financial markets, and investment banks unregulated, and to the Gramm-Leach-Bliley Act, which repealed Great Depression era safeguards that prevented commercial banks, investment banks and insurance companies from merging.[136][137][138][139]
Krugman has also been critical of some of the Obama administration's economic policies. He has criticized the Obama stimulus plan as being too small and inadequate given the size of the economy and the banking rescue plan as misdirected; Krugman wrote in The New York Times: "an overwhelming majority [of the American public] believes that the government is spending too much to help large financial institutions. This suggests that the administration's money-for-nothing financial policy will eventually deplete its political capital."[140] In particular, he considered the Obama administration's actions to prop up the US financial system in 2009 to be impractical and unduly favorable to Wall Street bankers.[116] In anticipation of President Obama's Job Summit in December 2009, Krugman said in a Fresh Dialogues interview, "This jobs summit can't be an empty exercise...he can't come out with a proposal for $10 or $20 Billion of stuff because people will view that as a joke. There has to be a significant job proposal...I have in mind something like $300 Billion."[141]
Krugman has recently criticized China's exchange rate policy, which he believes to be a significant drag on global economic recovery from the Late-2000s recession, and he has advocated a "surcharge" on Chinese imports to the US in response.[142] Jeremy Warner of The Daily Telegraph accused Krugman of advocating a return to self-destructive protectionism.[143]
In April 2010, as the Senate began considering new financial regulations, Krugman argued that the regulations should not only regulate financial innovation, but also tax financial-industry profits and remuneration. He cited a paper by Andrei Shleifer and Robert Vishny released the previous week, which concludes that most innovation was in fact about "providing investors with false substitutes for [traditional] assets like bank deposits," and once investors realize the sheer number of securities that are unsafe a "flight to safety" occurs which necessarily leads to "financial fragility."[144][145]
In his June 28, 2010 column in The New York Times, in light of the recent G-20 Toronto Summit, Krugman criticized world leaders for agreeing to halve deficits by 2013. Krugman claimed that these efforts could lead the global economy into the early stages of a "third depression" and leave "millions of lives blighted by the absence of jobs." He advocated instead the continued stimulus of economies to foster greater growth.[146]
In a 2014 review of Thomas Piketty's Capital in the Twenty-First Century he stated we are in a Second Gilded Age.
http://en.wikipedia.org/wiki/Paul_krugman
wn.com/Paul Krugman U.S. Economic Recovery, Taxes The Middle Class (2012)
In the early 2000s, Krugman repeatedly criticized the Bush tax cuts, both before and after they were enacted. Krugman argued that the tax cuts enlarged the budget deficit without improving the economy, and that they enriched the wealthy -- worsening income distribution in the US. Krugman advocated lower interest rates (to promote investment and spending on housing and other durable goods), and increased government spending on infrastructure, military, and unemployment benefits, arguing that these policies would have a larger stimulus effect, and unlike permanent tax cuts, would only temporarily increase the budget deficit.
In August 2005, after Alan Greenspan expressed concern over housing markets, Krugman criticized Greenspan's earlier reluctance to regulate the mortgage and related financial markets, arguing that "[he's] like a man who suggests leaving the barn door ajar, and then -- after the horse is gone -- delivers a lecture on the importance of keeping your animals properly locked up."[135] Krugman has repeatedly expressed his view that Greenspan and Phil Gramm are the two individuals most responsible for causing the subprime crisis. Krugman points to Greenspan and Gramm for the key roles they played in keeping derivatives, financial markets, and investment banks unregulated, and to the Gramm-Leach-Bliley Act, which repealed Great Depression era safeguards that prevented commercial banks, investment banks and insurance companies from merging.[136][137][138][139]
Krugman has also been critical of some of the Obama administration's economic policies. He has criticized the Obama stimulus plan as being too small and inadequate given the size of the economy and the banking rescue plan as misdirected; Krugman wrote in The New York Times: "an overwhelming majority [of the American public] believes that the government is spending too much to help large financial institutions. This suggests that the administration's money-for-nothing financial policy will eventually deplete its political capital."[140] In particular, he considered the Obama administration's actions to prop up the US financial system in 2009 to be impractical and unduly favorable to Wall Street bankers.[116] In anticipation of President Obama's Job Summit in December 2009, Krugman said in a Fresh Dialogues interview, "This jobs summit can't be an empty exercise...he can't come out with a proposal for $10 or $20 Billion of stuff because people will view that as a joke. There has to be a significant job proposal...I have in mind something like $300 Billion."[141]
Krugman has recently criticized China's exchange rate policy, which he believes to be a significant drag on global economic recovery from the Late-2000s recession, and he has advocated a "surcharge" on Chinese imports to the US in response.[142] Jeremy Warner of The Daily Telegraph accused Krugman of advocating a return to self-destructive protectionism.[143]
In April 2010, as the Senate began considering new financial regulations, Krugman argued that the regulations should not only regulate financial innovation, but also tax financial-industry profits and remuneration. He cited a paper by Andrei Shleifer and Robert Vishny released the previous week, which concludes that most innovation was in fact about "providing investors with false substitutes for [traditional] assets like bank deposits," and once investors realize the sheer number of securities that are unsafe a "flight to safety" occurs which necessarily leads to "financial fragility."[144][145]
In his June 28, 2010 column in The New York Times, in light of the recent G-20 Toronto Summit, Krugman criticized world leaders for agreeing to halve deficits by 2013. Krugman claimed that these efforts could lead the global economy into the early stages of a "third depression" and leave "millions of lives blighted by the absence of jobs." He advocated instead the continued stimulus of economies to foster greater growth.[146]
In a 2014 review of Thomas Piketty's Capital in the Twenty-First Century he stated we are in a Second Gilded Age.
http://en.wikipedia.org/wiki/Paul_krugman
- published: 11 Jul 2014
- views: 806
Joseph Reyes vs Chen Hsing - 2014 World 9-ball Championship
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The WPA World Nine-ball Championship is an annual, international, professional nine-ball pool (pocket billiards) tournament,...
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The WPA World Nine-ball Championship is an annual, international, professional nine-ball pool (pocket billiards) tournament, founded in 1990, sanctioned by the World Pool-Billiard Association (WPA), and principally sponsored and organised by Matchroom Sport (who provide the event's official website, under the less specific name World Pool Championship). It is divided into Men's, Women's and Wheelchair Divisions, and is held in Doha, Qatar.
The first World Nine-ball Championship was held in 1990. The event was organised solely by the WPA from this inauguration through 1999. In July 1999, Matchroom Sport attempted to get involved with the organisation of the event, but their bid failed. The WPA event was played in Alicante, Spain, and won by Nick Varner of the United States. Broadcast on ESPN, it was the first pro nine-ball championship to be televised. Matchroom, meanwhile, instead organised what it called the World Professional Pool Championship, a competing and non-WPA-sanctioned event in Cardiff, Wales, which was won by Efren Reyes of the Philippines. The WPA was impressed by the professionalism of Matchroom's event organising and promotion, and the two parties agreed that, starting in 2000, the Matchroom and WPA tournaments would merge into a single official world championship, organised by Matchroom. The WPA also agreed to recognise the results of the 1999 Matchroon event, meaning that official listings show both Varner and Reyes as 1999 world champions. Matchroom changed its promotional name for the event to the "World Pool Championship", dropping the word "professional" from the title.
The event remained in Cardiff through 2003. In 2001, the number of competitors in the Men's Division was increased to 128 and a Men's Division first prize raised to US$65,000.
The 2004 and 2005 events were held in Taiwan, with a Men's Division first prize of $75,000 as of 2004. The 2005 tournament saw two rules changes: Last-64 and last-32 matches were extended to race-to-10 format, and the pockets on the tables were narrowed, to make the game more difficult.
In 2006, the Philippines became the host country for two years. All matches became alternating-break all the way from the group stages to the finals. Men's Division first prize escalated to $100,000. In 2007, the event ran from 3–11 November, and Daryl Peach of the England was the victor. Because of the global late-2000s recession the championship did not reappear on the calendar in 2008; for some time neither Matchroom nor the WPA released any predictions regarding its reinstatement, and no 2008 event was held, either.
After this two-year hiatus, the tournament returned as the 2010 WPA World Nine-ball Championship, 18 July, in Qatar, and is expected to recur in Doha until further notice. Francisco Bustamante of the Philippines won the 2010 title.
wn.com/Joseph Reyes Vs Chen Hsing 2014 World 9 Ball Championship
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The WPA World Nine-ball Championship is an annual, international, professional nine-ball pool (pocket billiards) tournament, founded in 1990, sanctioned by the World Pool-Billiard Association (WPA), and principally sponsored and organised by Matchroom Sport (who provide the event's official website, under the less specific name World Pool Championship). It is divided into Men's, Women's and Wheelchair Divisions, and is held in Doha, Qatar.
The first World Nine-ball Championship was held in 1990. The event was organised solely by the WPA from this inauguration through 1999. In July 1999, Matchroom Sport attempted to get involved with the organisation of the event, but their bid failed. The WPA event was played in Alicante, Spain, and won by Nick Varner of the United States. Broadcast on ESPN, it was the first pro nine-ball championship to be televised. Matchroom, meanwhile, instead organised what it called the World Professional Pool Championship, a competing and non-WPA-sanctioned event in Cardiff, Wales, which was won by Efren Reyes of the Philippines. The WPA was impressed by the professionalism of Matchroom's event organising and promotion, and the two parties agreed that, starting in 2000, the Matchroom and WPA tournaments would merge into a single official world championship, organised by Matchroom. The WPA also agreed to recognise the results of the 1999 Matchroon event, meaning that official listings show both Varner and Reyes as 1999 world champions. Matchroom changed its promotional name for the event to the "World Pool Championship", dropping the word "professional" from the title.
The event remained in Cardiff through 2003. In 2001, the number of competitors in the Men's Division was increased to 128 and a Men's Division first prize raised to US$65,000.
The 2004 and 2005 events were held in Taiwan, with a Men's Division first prize of $75,000 as of 2004. The 2005 tournament saw two rules changes: Last-64 and last-32 matches were extended to race-to-10 format, and the pockets on the tables were narrowed, to make the game more difficult.
In 2006, the Philippines became the host country for two years. All matches became alternating-break all the way from the group stages to the finals. Men's Division first prize escalated to $100,000. In 2007, the event ran from 3–11 November, and Daryl Peach of the England was the victor. Because of the global late-2000s recession the championship did not reappear on the calendar in 2008; for some time neither Matchroom nor the WPA released any predictions regarding its reinstatement, and no 2008 event was held, either.
After this two-year hiatus, the tournament returned as the 2010 WPA World Nine-ball Championship, 18 July, in Qatar, and is expected to recur in Doha until further notice. Francisco Bustamante of the Philippines won the 2010 title.
- published: 22 Jun 2014
- views: 1327
Gallego Ramil vs Chen Hsing Tin - 2014 World 9-ball Championship
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The WPA World Nine-ball Championship is an annual, international, professional nine-ball pool (pocket billiards) tournament,...
LIKE | COMMENT | SHARE | SUBSCRIBE
The WPA World Nine-ball Championship is an annual, international, professional nine-ball pool (pocket billiards) tournament, founded in 1990, sanctioned by the World Pool-Billiard Association (WPA), and principally sponsored and organised by Matchroom Sport (who provide the event's official website, under the less specific name World Pool Championship). It is divided into Men's, Women's and Wheelchair Divisions, and is held in Doha, Qatar.
The first World Nine-ball Championship was held in 1990. The event was organised solely by the WPA from this inauguration through 1999. In July 1999, Matchroom Sport attempted to get involved with the organisation of the event, but their bid failed. The WPA event was played in Alicante, Spain, and won by Nick Varner of the United States. Broadcast on ESPN, it was the first pro nine-ball championship to be televised. Matchroom, meanwhile, instead organised what it called the World Professional Pool Championship, a competing and non-WPA-sanctioned event in Cardiff, Wales, which was won by Efren Reyes of the Philippines. The WPA was impressed by the professionalism of Matchroom's event organising and promotion, and the two parties agreed that, starting in 2000, the Matchroom and WPA tournaments would merge into a single official world championship, organised by Matchroom. The WPA also agreed to recognise the results of the 1999 Matchroon event, meaning that official listings show both Varner and Reyes as 1999 world champions. Matchroom changed its promotional name for the event to the "World Pool Championship", dropping the word "professional" from the title.
The event remained in Cardiff through 2003. In 2001, the number of competitors in the Men's Division was increased to 128 and a Men's Division first prize raised to US$65,000.
The 2004 and 2005 events were held in Taiwan, with a Men's Division first prize of $75,000 as of 2004. The 2005 tournament saw two rules changes: Last-64 and last-32 matches were extended to race-to-10 format, and the pockets on the tables were narrowed, to make the game more difficult.
In 2006, the Philippines became the host country for two years. All matches became alternating-break all the way from the group stages to the finals. Men's Division first prize escalated to $100,000. In 2007, the event ran from 3–11 November, and Daryl Peach of the England was the victor. Because of the global late-2000s recession the championship did not reappear on the calendar in 2008; for some time neither Matchroom nor the WPA released any predictions regarding its reinstatement, and no 2008 event was held, either.
After this two-year hiatus, the tournament returned as the 2010 WPA World Nine-ball Championship, 18 July, in Qatar, and is expected to recur in Doha until further notice. Francisco Bustamante of the Philippines won the 2010 title.
wn.com/Gallego Ramil Vs Chen Hsing Tin 2014 World 9 Ball Championship
LIKE | COMMENT | SHARE | SUBSCRIBE
The WPA World Nine-ball Championship is an annual, international, professional nine-ball pool (pocket billiards) tournament, founded in 1990, sanctioned by the World Pool-Billiard Association (WPA), and principally sponsored and organised by Matchroom Sport (who provide the event's official website, under the less specific name World Pool Championship). It is divided into Men's, Women's and Wheelchair Divisions, and is held in Doha, Qatar.
The first World Nine-ball Championship was held in 1990. The event was organised solely by the WPA from this inauguration through 1999. In July 1999, Matchroom Sport attempted to get involved with the organisation of the event, but their bid failed. The WPA event was played in Alicante, Spain, and won by Nick Varner of the United States. Broadcast on ESPN, it was the first pro nine-ball championship to be televised. Matchroom, meanwhile, instead organised what it called the World Professional Pool Championship, a competing and non-WPA-sanctioned event in Cardiff, Wales, which was won by Efren Reyes of the Philippines. The WPA was impressed by the professionalism of Matchroom's event organising and promotion, and the two parties agreed that, starting in 2000, the Matchroom and WPA tournaments would merge into a single official world championship, organised by Matchroom. The WPA also agreed to recognise the results of the 1999 Matchroon event, meaning that official listings show both Varner and Reyes as 1999 world champions. Matchroom changed its promotional name for the event to the "World Pool Championship", dropping the word "professional" from the title.
The event remained in Cardiff through 2003. In 2001, the number of competitors in the Men's Division was increased to 128 and a Men's Division first prize raised to US$65,000.
The 2004 and 2005 events were held in Taiwan, with a Men's Division first prize of $75,000 as of 2004. The 2005 tournament saw two rules changes: Last-64 and last-32 matches were extended to race-to-10 format, and the pockets on the tables were narrowed, to make the game more difficult.
In 2006, the Philippines became the host country for two years. All matches became alternating-break all the way from the group stages to the finals. Men's Division first prize escalated to $100,000. In 2007, the event ran from 3–11 November, and Daryl Peach of the England was the victor. Because of the global late-2000s recession the championship did not reappear on the calendar in 2008; for some time neither Matchroom nor the WPA released any predictions regarding its reinstatement, and no 2008 event was held, either.
After this two-year hiatus, the tournament returned as the 2010 WPA World Nine-ball Championship, 18 July, in Qatar, and is expected to recur in Doha until further notice. Francisco Bustamante of the Philippines won the 2010 title.
- published: 22 Jun 2014
- views: 1163
Economic Thrift Institutions: Federal Home Loan Bank Board - Finance (1987)
The Federal Home Loan Bank Board (FHLBB) was a board created by the Federal Home Loan Bank Act of 1932 that created and oversaw the Federal Home Loan Banks (FHL...
The Federal Home Loan Bank Board (FHLBB) was a board created by the Federal Home Loan Bank Act of 1932 that created and oversaw the Federal Home Loan Banks (FHLB or FHLBanks) also created by the act. It was superseded by the Federal Housing Finance Board and the Office of Thrift Supervision in the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA).
http://en.wikipedia.org/wiki/Federal_Home_Loan_Bank_Board
The FHLBank System was chartered by Congress in 1932 and has a primary mission of providing member financial institutions with financial products and services that assist and enhance the financing of housing and community lending. The 12 FHLBanks are each structured as cooperatives owned and governed by their member financial institutions, which today include savings and loan associations (thrifts), commercial banks, credit unions and insurance companies. Each FHLBank is required to register at least one class of equity with the SEC, although their debt is not registered.
A primary benefit of FHLBank membership is access to low cost secured borrowings, known as advances, which are funded by the FHLBanks in the capital markets from the issuance of discount notes or term debt, collectively known as consolidated obligations (COs). COs are joint and several obligations of all the FHLBanks, i.e., any debt issued on behalf of one FHLBank is the responsibility of all for repayment, with the issuing FHLBank having the primary responsibility. The Office of Finance (OF) serves as the fiscal agent for the FHLBanks, with responsibility for offering, issuing and servicing COs, as well as preparing the combined financial reports.[1] Although the individual FHLBanks are SEC registrants, the FHLBank System is not. Thus, the FHLBank System financial reports are properly viewed as “combined” rather than “consolidated.”
As a result of the Great Depression the FHLBanks were established by the Federal Home Loan Bank Board (FHLBB) pursuant to the Federal Home Loan Bank Act of 1932. This was in order to provide funds to "building and loan" institutions, providing liquidity and making mortgages available.
As a result of the savings and loan crisis of the 1980s the Financial Institutions Reform, Recovery and Enforcement Act of 1989 (FIRREA) abolished the FHLBB and transferred oversight responsibility of the FHLBanks to the Federal Housing Finance Board (FHFB) and regulatory responsibility to the Office of Thrift Supervision (OTS) in the Department of the Treasury. FIRREA also allowed all federally insured depository institutions to join the FHLBank System, including commercial banks and credit unions.
As a result of the late-2000s financial crisis the Housing and Economic Recovery Act of 2008 (HERA) replaced the FHFB with the Federal Housing Finance Agency (FHFA). The Secretary of the Treasury was authorized to purchase FHLBank debt securities in any amount through December 31, 2009, after which the limit would return to the original $4 billion. On September 7, 2008, the U.S. Treasury announced a new credit facility for the three housing government-sponsored enterprises. This enabled the Secretary of the Treasury to purchase FHLBank debt in any amount subject to the pledging of advances and other assets as collateral. The authority for this facility expired on December 31, 2009.
As a result of the late-2000s recession, section 312 of the Dodd-Frank Wall Street Reform and Consumer Protection Act mandated merger of OTS with the Office of the Comptroller of the Currency (OCC), the Federal Deposit Insurance Corporation (FDIC), the Federal Reserve Board of Governors, and the Consumer Financial Protection Bureau (CFPB) as of July 21, 2011.
On July 31, 2014, it was announced that the Federal Home Loan Banks of Seattle and Des Moines were discussing a potential merger. This would be the first voluntary merger of members of the Federal Home Loan Bank system.
http://en.wikipedia.org/wiki/Federal_Home_Loan_Banks
wn.com/Economic Thrift Institutions Federal Home Loan Bank Board Finance (1987)
The Federal Home Loan Bank Board (FHLBB) was a board created by the Federal Home Loan Bank Act of 1932 that created and oversaw the Federal Home Loan Banks (FHLB or FHLBanks) also created by the act. It was superseded by the Federal Housing Finance Board and the Office of Thrift Supervision in the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA).
http://en.wikipedia.org/wiki/Federal_Home_Loan_Bank_Board
The FHLBank System was chartered by Congress in 1932 and has a primary mission of providing member financial institutions with financial products and services that assist and enhance the financing of housing and community lending. The 12 FHLBanks are each structured as cooperatives owned and governed by their member financial institutions, which today include savings and loan associations (thrifts), commercial banks, credit unions and insurance companies. Each FHLBank is required to register at least one class of equity with the SEC, although their debt is not registered.
A primary benefit of FHLBank membership is access to low cost secured borrowings, known as advances, which are funded by the FHLBanks in the capital markets from the issuance of discount notes or term debt, collectively known as consolidated obligations (COs). COs are joint and several obligations of all the FHLBanks, i.e., any debt issued on behalf of one FHLBank is the responsibility of all for repayment, with the issuing FHLBank having the primary responsibility. The Office of Finance (OF) serves as the fiscal agent for the FHLBanks, with responsibility for offering, issuing and servicing COs, as well as preparing the combined financial reports.[1] Although the individual FHLBanks are SEC registrants, the FHLBank System is not. Thus, the FHLBank System financial reports are properly viewed as “combined” rather than “consolidated.”
As a result of the Great Depression the FHLBanks were established by the Federal Home Loan Bank Board (FHLBB) pursuant to the Federal Home Loan Bank Act of 1932. This was in order to provide funds to "building and loan" institutions, providing liquidity and making mortgages available.
As a result of the savings and loan crisis of the 1980s the Financial Institutions Reform, Recovery and Enforcement Act of 1989 (FIRREA) abolished the FHLBB and transferred oversight responsibility of the FHLBanks to the Federal Housing Finance Board (FHFB) and regulatory responsibility to the Office of Thrift Supervision (OTS) in the Department of the Treasury. FIRREA also allowed all federally insured depository institutions to join the FHLBank System, including commercial banks and credit unions.
As a result of the late-2000s financial crisis the Housing and Economic Recovery Act of 2008 (HERA) replaced the FHFB with the Federal Housing Finance Agency (FHFA). The Secretary of the Treasury was authorized to purchase FHLBank debt securities in any amount through December 31, 2009, after which the limit would return to the original $4 billion. On September 7, 2008, the U.S. Treasury announced a new credit facility for the three housing government-sponsored enterprises. This enabled the Secretary of the Treasury to purchase FHLBank debt in any amount subject to the pledging of advances and other assets as collateral. The authority for this facility expired on December 31, 2009.
As a result of the late-2000s recession, section 312 of the Dodd-Frank Wall Street Reform and Consumer Protection Act mandated merger of OTS with the Office of the Comptroller of the Currency (OCC), the Federal Deposit Insurance Corporation (FDIC), the Federal Reserve Board of Governors, and the Consumer Financial Protection Bureau (CFPB) as of July 21, 2011.
On July 31, 2014, it was announced that the Federal Home Loan Banks of Seattle and Des Moines were discussing a potential merger. This would be the first voluntary merger of members of the Federal Home Loan Bank system.
http://en.wikipedia.org/wiki/Federal_Home_Loan_Banks
- published: 21 Apr 2015
- views: 163
Kuribayashi Tohru vs Warren Kiamco - 2014 World 9-ball Championship
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The WPA World Nine-ball Championship is an annual, international, professional nine-ball pool (pocket billiards) tournament,...
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The WPA World Nine-ball Championship is an annual, international, professional nine-ball pool (pocket billiards) tournament, founded in 1990, sanctioned by the World Pool-Billiard Association (WPA), and principally sponsored and organised by Matchroom Sport (who provide the event's official website, under the less specific name World Pool Championship). It is divided into Men's, Women's and Wheelchair Divisions, and is held in Doha, Qatar.
The first World Nine-ball Championship was held in 1990. The event was organised solely by the WPA from this inauguration through 1999. In July 1999, Matchroom Sport attempted to get involved with the organisation of the event, but their bid failed. The WPA event was played in Alicante, Spain, and won by Nick Varner of the United States. Broadcast on ESPN, it was the first pro nine-ball championship to be televised. Matchroom, meanwhile, instead organised what it called the World Professional Pool Championship, a competing and non-WPA-sanctioned event in Cardiff, Wales, which was won by Efren Reyes of the Philippines. The WPA was impressed by the professionalism of Matchroom's event organising and promotion, and the two parties agreed that, starting in 2000, the Matchroom and WPA tournaments would merge into a single official world championship, organised by Matchroom. The WPA also agreed to recognise the results of the 1999 Matchroon event, meaning that official listings show both Varner and Reyes as 1999 world champions. Matchroom changed its promotional name for the event to the "World Pool Championship", dropping the word "professional" from the title.
The event remained in Cardiff through 2003. In 2001, the number of competitors in the Men's Division was increased to 128 and a Men's Division first prize raised to US$65,000.
The 2004 and 2005 events were held in Taiwan, with a Men's Division first prize of $75,000 as of 2004. The 2005 tournament saw two rules changes: Last-64 and last-32 matches were extended to race-to-10 format, and the pockets on the tables were narrowed, to make the game more difficult.
In 2006, the Philippines became the host country for two years. All matches became alternating-break all the way from the group stages to the finals. Men's Division first prize escalated to $100,000. In 2007, the event ran from 3–11 November, and Daryl Peach of the England was the victor. Because of the global late-2000s recession the championship did not reappear on the calendar in 2008; for some time neither Matchroom nor the WPA released any predictions regarding its reinstatement, and no 2008 event was held, either.
After this two-year hiatus, the tournament returned as the 2010 WPA World Nine-ball Championship, 18 July, in Qatar, and is expected to recur in Doha until further notice. Francisco Bustamante of the Philippines won the 2010 title.
wn.com/Kuribayashi Tohru Vs Warren Kiamco 2014 World 9 Ball Championship
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The WPA World Nine-ball Championship is an annual, international, professional nine-ball pool (pocket billiards) tournament, founded in 1990, sanctioned by the World Pool-Billiard Association (WPA), and principally sponsored and organised by Matchroom Sport (who provide the event's official website, under the less specific name World Pool Championship). It is divided into Men's, Women's and Wheelchair Divisions, and is held in Doha, Qatar.
The first World Nine-ball Championship was held in 1990. The event was organised solely by the WPA from this inauguration through 1999. In July 1999, Matchroom Sport attempted to get involved with the organisation of the event, but their bid failed. The WPA event was played in Alicante, Spain, and won by Nick Varner of the United States. Broadcast on ESPN, it was the first pro nine-ball championship to be televised. Matchroom, meanwhile, instead organised what it called the World Professional Pool Championship, a competing and non-WPA-sanctioned event in Cardiff, Wales, which was won by Efren Reyes of the Philippines. The WPA was impressed by the professionalism of Matchroom's event organising and promotion, and the two parties agreed that, starting in 2000, the Matchroom and WPA tournaments would merge into a single official world championship, organised by Matchroom. The WPA also agreed to recognise the results of the 1999 Matchroon event, meaning that official listings show both Varner and Reyes as 1999 world champions. Matchroom changed its promotional name for the event to the "World Pool Championship", dropping the word "professional" from the title.
The event remained in Cardiff through 2003. In 2001, the number of competitors in the Men's Division was increased to 128 and a Men's Division first prize raised to US$65,000.
The 2004 and 2005 events were held in Taiwan, with a Men's Division first prize of $75,000 as of 2004. The 2005 tournament saw two rules changes: Last-64 and last-32 matches were extended to race-to-10 format, and the pockets on the tables were narrowed, to make the game more difficult.
In 2006, the Philippines became the host country for two years. All matches became alternating-break all the way from the group stages to the finals. Men's Division first prize escalated to $100,000. In 2007, the event ran from 3–11 November, and Daryl Peach of the England was the victor. Because of the global late-2000s recession the championship did not reappear on the calendar in 2008; for some time neither Matchroom nor the WPA released any predictions regarding its reinstatement, and no 2008 event was held, either.
After this two-year hiatus, the tournament returned as the 2010 WPA World Nine-ball Championship, 18 July, in Qatar, and is expected to recur in Doha until further notice. Francisco Bustamante of the Philippines won the 2010 title.
- published: 22 Jun 2014
- views: 1450