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Mouth-to-mouth will fail beached economies - By Walden Bello - 15 years ago
"...the Basel process focused on making developing country financial institutions and processes transparent and standardized along the lines of what Wade calls the "Anglo-American" financial model. Calls to regulate the proliferation of these new, sophisticated financial instruments, such as derivatives placed on the market by developed country financial institutions, went nowhby ProjectC - Project C
Regulating the un-regulatable - By Martin Hutchinson - 15 years ago
"However the major international banks regarded the 8% capital requirement imposed by Basel as impossibly onerous, and believed that the Accord unnecessarily restricted their move into profitable new areas of finance. Consequently, from the middle 1990s they vigorously lobbied the Basel Committee for a new agreement, the Basel II accord, which would allow them to carry out their own risk manby ProjectC - Project C
German Doctors' Group Confesses to Mistakes - 15 years ago
NOT "GODS IN WHITE" German Doctors' Group Confesses to Mistakes Der Spiegel February 29, 2008 Source Surgical scissors left in stomachs, operations on the wrong knee, prescriptions of uppers instead of downers -- medical error is not just the stuff of fiction. Now a group of German doctors has decided to break a taboo and talk openly about their slip-ups. The myth ofby ProjectC - Project C
'It's abuse and a life of hell' - 15 years ago
'In 2003, Matthews began work on a project that considered different legislative approaches to prostitution from around the world. The countries included Sweden, where buying sexual services was criminalised in 1999 - thus criminalising the punters, rather than the women in prostitution - and the Netherlands, where prostitution was legalised in 2000. The most important lesson learned in Swedby ProjectC - Project C
No LTCM - By Doug Noland - 15 years ago
"In many respects, systemic stress from de-leveraging is more intense today than even during the LTCM fiasco. ... Throughout the system, risk models have broken down. They will now be functionally inoperable for some time to come. At the heart of the now unfolding systemic de-leveraging are some newfound realities. Leveraging, as Peloton Partners realized this week, has become a perby ProjectC - Project C
Seduced by the power of historic books - By Robert Fisk - 15 years ago
"Freedom from fear is the only environment in which people, particularly one lacking in breadth of political maturity, can express an honest voice. And how can this be obtained if one enemy ... refuses to negotiate with the other? How, on the other hand, can the rebels lay down their arms?" Seduced by the power of historic books By Robert Fisk Saturday, 9 February 2008 Sourceby ProjectC - Project C
Turkey in radical revision of Islamic texts - 15 years ago
"He longed for the day when a woman might travel long distances alone." -- Professor Mehmet Gormez Turkey in radical revision of Islamic texts By Robert Piggott Religious affairs correspondent, BBC News 26 February 2008 Source Turkey is preparing to publish a document that represents a revolutionary reinterpretation of Islam - and a controversial and radical modernisatioby ProjectC - Project C
Anti-depressants 'of little use' - 15 years ago
There is a lack of affection. - Fire - The Art of Being Human - A State of Security - Project Consciousness - Haptonomy the Science of Affectivity J. *** Anti-depressants 'of little use' New generation anti-depressants have little clinical benefit for most patients, research suggests. BBC News 26 February 2008 Source A University of Hull team concluby ProjectC - Project C
Bank group takes Linux migration a step at a time - 15 years ago
"We liked the idea of having an open enterprise and an infrastructure able to support anything." -- Tom Johnson Bank group takes Linux migration a step at a time By Tina Gasperson February 20, 2008 Source Metropolitan Bank Group is a large conglomerate in Illinois, comprising 10 banks and $3 billion in assets. As Metropolitan acquired more banking interests, IT Director Tby ProjectC - Project C
A ‘Moral Hazard’ for a Housing Bailout: Sorting the Victims From Those Who Volunteered - 15 years ago
"it has often been innovation without substance. And it's achieved nothing. It's been cosmetic." -- Satyajit Das ( More ) *** "Over the last two decades, few industries have lobbied more ferociously or effectively than banks to get the government out of its business and to obtain freer rein for “financial innovation.” ... ...banks and Wall Street firms thaby ProjectC - Project C
Pyramids Crumbling - By Bill Gross - 15 years ago
"But today’s banking system as pointed out in recent Investment Outlooks, has morphed into something entirely different and inherently more risky. Our modern shadow banking system craftily dodges the reserve requirements of traditional institutions and promotes a chain letter, pyramid scheme of leverage, based in many cases on no reserve cushion whatsoever. Financial derivatives of all descrby ProjectC - Project C
German State-Owned Banks on Verge of Collapse - 15 years ago
"Six months ago, BaFin president Jochen Sanio was heavily criticized when he warned of the "worst financial crisis since 1931." But now many politicians are convinced that the situation is far more serious than they had assumed until now." WORST FINANCIAL CRISIS SINCE 1931? German State-Owned Banks on Verge of Collapse By Wolfgang Reuter February 20, 2008 Sourceby ProjectC - Project C
A voice in the wilderness who won’t be quiet - 15 years ago
By Chris Taylor February 19 2008 Source Jeremy Grantham does not take any pleasure in watching world markets melt down. Well, perhaps just a little. This is because back in mid-November, the chairman of the Boston-based money manager GMO was feeling pretty foolish. He had just read in the Financial Times that corporate profit margins were taking a hit from the economic slowdown, and the nby ProjectC - Project C
(Germany) Industry Returns as Economic Engine - 15 years ago
"Exports reflect the importance of manufacturing. Almost nine-tenths of all German exports are industrial products. This is not without consequences for the service sector. According to a position paper by the Economics Ministry, "industry provides the impulse for growth in the service sector." Forty percent of all services, as well as 63 percent of all research and development actby ProjectC - Project C
Oil scarcity paints a bleak picture for Asia - 15 years ago
'Frederick Smith, chief executive of FedEx, the world's largest express-transport company with 700 aircraft and 80,000 trucks, is more pointed. He wrote in Newsweek: "It shouldn't be forgotten that the proximate cause of World War II was the US oil embargo against Japan ? The first gulf war was caused totally by oil - it was Saddam Hussein's insistence that he owned certaby ProjectC - Project C
Sweden's Riksbank Unexpectedly Raises Benchmark Rate - 15 years ago
"Sweden is the latest of seven central banks to raise rates since the Federal Reserve slashed borrowing costs last month, as concern that inflation is set to accelerate worldwide offsets the prospect of a recession in the U.S. Australia, Russia, Czech Republic, Poland, Romania and Serbia have all raised rates since Jan. 30 as raw material costs and food prices increase." Swedenby ProjectC - Project C
Microsoft Reaps the Rewards of Female Managers - 15 years ago
'The magic phrase at Microsoft's third-largest subsidiary outside the United States is "trust-based working hours," and it has helped the company to not only achieve strong returns but has repeatedly earned it the distinction of being voted Germany's most popular employer. "We agree to certain goals with each employee. How and where they are reached is secondary,&quoby ProjectC - Project C
Default Swaps Intensify Credit Crunch - By Rob Roy - 15 years ago
Default Swaps Intensify Credit Crunch Rob Roy Feb 11, 2008 Source Over the past several years my firm has highlighted the risks in the sub-prime sector, the lax lending standards, and the housing bubble that peaked in 2005. The residual effects of these have been vast and continue to support our view that the unraveling of the debt issue is not contained. Housing is clearly in a near-deaby ProjectC - Project C
Tractor woman on African rescues (about fulfilling a dream) - 15 years ago
"My journey is all about fulfilling a dream... to go to the South Pole. The slowness of the tractor symbolises the fact that fulfilling your dream takes time, that however slowly you travel, if you are committed you will get to your final destination." -- Manon Ossevoort Tractor woman on African rescues By Daniel Dickinson BBC News, Dar es Salaam 3 December 2007 Source Aby ProjectC - Project C
This Credit Crisis Has a Long Way to Run - 15 years ago
"I have an exhibit that shows the 30 years prior to 1982 when the debt-to-gross domestic product ratio was completely flat at 1.2 times. Total debt is defined as government debt, personal debt, corporate debt and financial debt. Then in the 25 years after 1982, the flat line goes up at a 45 degrees angle from 1.2 times to 3.1 times GDP. Massive. In the first 30 years, when debt is flat, annuby ProjectC - Project C
Thoughts on Man's Purpose in Life - By Admiral H. G. Rickover - 15 years ago
Thoughts on Man's Purpose in Life by Admiral H. G. Rickover, U. S. Navy at a Luncheon Meeting of the San Diego Rotary Club San Diego, California Thursday, February 10, 1977 Source Voltaire once said: "Not to be occupied and not to exist are one and the same thing for a man." With those few words he captured the essence of a purpose in life: to work, to create, to excel, andby ProjectC - Project C
Bigelow Aerospace Wants Atlas 5 Rockets for New Space Station - 15 years ago
By Brian Berger Space News Staff Writer 04 February 2008 Source WASHINGTON -- Bigelow Aerospace officials said Feb. 1 they are making progress in their negotiations with United Launch Alliance for six initial launches for their planned commercial space station, starting around 2011. Subsequently the company hopes to conduct as many as a dozen launches per year as the new facility becomesby ProjectC - Project C
The Rising Risk of a Systemic Financial Meltdown: The Twelve Steps to Financial Disaster - By Nouriel Roubini - 15 years ago
"Losses on CDS do not represent only a transfer of wealth from those who sold protection to those who bought it. If losses are large some of the counterparties who sold protection – possibly large institutions such as monolines, some hedge funds or a large broker dealer – may go bankrupt leading to even greater systemic risk as those who bought protection may face counterparties who cannot pby ProjectC - Project C
Visions that come to men as they sleep - By Robert Fisk - 15 years ago
For many extreme Muslims, dreams are a serious affair. Osama bin Laden is a dream-believer By Robert Fisk Saturday, 26 January 2008 Source As a little boy, I had a recurring nightmare and it always featured my grandfather's dog. Arthur Rose had a Labrador called Sir Lancelot – Lance for short – and I adored this dog. I think he liked me too, because we raced around Arthur's greaby ProjectC - Project C
The Fed's Decade of Deception - By Martin Hutchinson - 15 years ago
"it has often been innovation without substance. And it's achieved nothing. It's been cosmetic." -- Satyajit Das ( Source ) "The UK’s Financial Services Authority warned last week that there was probably more fraud on the way, either because of misdeeds surfacing from more lax times or because individuals were now pressed into wrongdoing by falling markets. Place yoby ProjectC - Project C
Virgin Galactic unveils SpaceShipTwo; Plans open architecture spaceship - 15 years ago
By Larry Dignan January 23rd, 2008 Source Virgin Galactic on Wednesday unveiled designs for SpaceShipTwo and the WhiteKnightTwo, two vehicles that are designed to usher in private spaceflight. The technology behind the system will have an open architecture “like Linux,” said officials. In an event at the American Museum at Natural History in New York, Virgin Galactic unveiled the first prby ProjectC - Project C
The worst market crisis in 60 years - By George Soros - 15 years ago
“…The Russian meltdown has revealed previously ignored flaws in the international banking system. Banks engage in swaps, forward transactions, and derivative trades among each other and with their clients. These transactions do not show up in the balance sheets…” – George Soros, The Crisis of Global Capitalism: Open Society Endangered, December 2, 1998 The worst market crisis in 60 yearsby ProjectC - Project C
Why I Wrote My Histories of Thought - By Murray N. Rothbard - 15 years ago
"My own view of the grave deficiency of the Few Great Men approach has been greatly influenced by the work of two splendid historians of thought. One is my own dissertation mentor Joseph Dorfman, whose unparalleled multi-volume work on the history of American economic thought demonstrated conclusively how important allegedly "lesser" figures are in any movement of ideas. In the firby ProjectC - Project C
Prof. Alfred Bork (September 18, 1926 - December 18, 2007) - 15 years ago
(Prof. Alfred Bork falece em 18 de dezembro de 2007) quinta-feira, 10 de janeiro de 2008 Source Alfred Bork, Professor Emeritus of Information and Computer Science at UC Irvine, died on December 18, 2007. Alfred’s career with UCI began on October 1, 1968 with joint appointments in ICS and Physics. Passionate about the use of computers in education, Alfred contributed to the early dby ProjectC - Project C
Paul Volcker (Interview conducted 2000-09-26) - Commanding Heights - 15 years ago
"PAUL VOLCKER: To some extent I think it is. Inflation is related to monetary policy. It's related to the issue of money. The issue of money is a governmental responsibility predominantly, and to use that authority in a way that leads to inflation is a system that fools a lot of people, and to keep fooling them you have to do it more and more; is a moral issue. I put myself in that camby ProjectC - Project C