Economics
Fwah Moment: 2nd Generation Satellite ERP System in the future??? WTF!
Drizzt:
Ok I came back home from work to see this ridiculous article from Channelnewsasia:
The Land Transport Authority will soon be calling for a tender to invite industry players to submit technical proposals for a second generation ERP system. One of the key technologies identified is a Global Navigation Satellite System (GNSS) [...]
The difference between a Technology Startup and working in a Finance world
Drizzt Says:
Here is an interesting read about a group of guys who had worked on Wallstreet and wanted to do a start up. Hear the difference between the 2 and their problems faced:
A number of skills that Wall Street beats into its financial analysts might actually hold them back in future careers.
We spoke yesterday [...]
How the economic crisis destroyed Detroit
Here is a sad video on the state of a once powerful car manufacturing city. Do you fancy investing in a USD1000 apartment where you have no neighbors?
More about Iceland, volcanic eruption and economic, political impact
The presence of sulphur dioxide is already obvious to local residents, though there don’t appear to be any concerns over its toxicity. This is the toxicity information given by gasdetection.com:
WITH ACUTE EXPOSURE, 5 PPM CAUSES DRYNESS OF NOSE & THROAT AND A MEASUREABLE INCR IN RESISTANCE TO BRONCHIAL AIR FLOW; [...]
Richard Koo’s Awesome Presentation On The Real Reason Why This Recession Is Completely Different
Awesome and clear explanation by Richard Koo! What better to ask a person whose country went through the same thing.
Singapore not among the safest sovereign debt countries
Im sure the Singapore Governemnt will be dissappointed
Economics: The Government spending masks the unemployment problem
Here is a video that sums this up best. Whats the use of hiring the plumber to fix your house when you are losing money? you should be getting a job to increase your income!
The benefits and problems that comes with hosting the Olympics
Fresh with the news that Olympic games is a reason why Greece is facing the problems now, the business insider had a heads up how this would affect London, which hosts the 2012 games.
The Globe and Mail reports this morning that Athenians hoped the 2004 summer games would have been the start of [...]
Paul Volcker’s plan to save the financial system
It can be largely be classified in these 3 simple staements:
Prevent banks from owning hedge funds and other proprietary trading vehicles (Glass Steagall II)
Give the government resolution authority to step in, liquidate, or sell any firm it deems to be in trouble (including mortgage lenders, investment banks, and insurance companies)
Make shareholders, management, [...]
Paul Krugman seems to think that Bernanke is too big to fail
Here is Krugman’s argument that we might have no choice but to reappoint Bernanke because he is the only option:
But — and here comes my defense of a Bernanke reappointment — any good alternative for the position would face a bruising fight in the Senate. And choosing a bad alternative would have [...]
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