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Monday, 23 February 2009 22:45    PDF Print E-mail
Inside the Hamas

"This candid film shows the reality of daily life in Gaza under Hamas, the 'Islamic Resistance Movement' and asks if they can make the move to meaningful political force?" It's not telling the story what the root cause is of the Palestinian problem, but shows that brute force is also not the solution for the Palestinian people.

Be your own jugde and don't let emotions be the evil in you.

Aired: February 10, 2008 on Channel 4 Hamas, the 'Islamic Resistance Movement', is now 20 years old. Seen by the EU and US as a 'terrorist organization,' it won internationally recognized elections to rule the Palestinian Authority in January 2006. The newly elected government was not recognized by most of the world and a financial and trade embargo by Israel and the international community followed, starving the Hamas government of any funding and the governmental legitimacy it craved.

More info at Channel 4

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Sunday, 22 February 2009 02:02    PDF Print E-mail
Frontline Inside the Meltdown

Are you completly up to date with the latest term CDO's?

CDOs stand for Collateralized debt obligations and are a type of asset-backed security and structured credit product. CDOs gain exposure to the credit of a portfolio of fixed income assets and divide the credit risk among different tranches: senior tranches (rated AAA), mezzanine tranches (AA to BB), and equity tranches (unrated). Losses are applied in reverse order of seniority and so junior tranches offer higher coupons to compensate for the added risk. CDOs serve as an important funding vehicle for portfolio investments in credit-risky fixed income assets.

I didn't an needed to look on the internet to found out what created this crisis. Daliy we are reading a lot of bad news, see big corporations in trouble, banks going bankrupt, bankers going home with insane bonuses although they cost their companies billions and still they ask for money from the goverment? We read but we don't have a clue what is going on in the world. Try to understand the gambling with credit default swaps and toxic assets, subprime mortgages and other risky financial constructs.
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Thursday, 19 February 2009 07:33    PDF Print E-mail
Global economic outlook - The Economist

Worst of all, lipstick sales are up.

The economy is now rebounding strongly after its recent downturn, reckons the OECD. America is expected to have one of the fastest growth rates among rich countries this year. Its GDP is forecast to grow by just over 4% in 2004, more than twice that expected for the European Union and Japan.

The risk of deflation seems to have receded in America and Europe, where the OECD now expects that consumer prices will rise by between 1-2% this year and next. Japan, however, will still have to struggle with falling prices in the absence of a stronger response by its central bank. By 2005, unemployment is expected to be just under 8% in Europe, compared with around 5% in both Japan and America. The OECD thinks that America's current-account deficit, now around 5% of GDP, will continue to grow and remain one of the biggest risks for global economic stability.

And worst of all, lipstick sales are up! It is a well known indicator that during economic crises, lipstick sales (and cosmetic sales overall) do well and often rise. This was first noted in 1929-32 and again in 2008 cosmetic sales held up well. This would seem to be due to women deciding they need to cheer themselves up and perhaps make themselves more attractive for their menfolk. This is a pleasing thought. Alas the consumption of cheap alcohol also rises during crises, consumed mostly by men. Sadly the men may be more often too drunk to notice how pretty their womenfolk look.

Do you want the complete story?

Global economic outlook - The Economist
 


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