Reading Time: 2 minutes Ted Koppel is on the top of the journalists I admire. He always asks tough questions in a polite manner, and he has very good insights on international matters. That’s why I was sad to see he leaving ABC NightLine a while ago; and yesterday I was glad to learn his latest project Koppel on
Reading Time: < 1 minute GRE analogy problem China GDP number: politicians vs. Corporate earning: executives stock options Hint: the local officials pump up the GDP numbers so that they can get promoted; the corporate CEO/CFO pump up the earning number so that their stock options will be more valuable. Of course in an ideal world, when the law is
Reading Time: 2 minutes I heard a lot of buzz words in this Bear Stearns crisis, $100 oil, Spitzer scandal, global housing bust…world. Just list some new words I found interesting: De-leveraging This one is easy for me (because I don’t have much to leverage on). I was a little astonished by the leverage ratio of investment banks such
Reading Time: 2 minutes (source: www.stride.co.uk) Last Monday was one year anniversary of sub-prime (and subsequent credit crisis), here is an interesting time line I found at BBC. Quote: 8 March (2007) Biggest US house builder DR Horton warns of huge losses from sub-prime fall-out. 12 March (2007) Shares in New Century Financial, one of the biggest sub-prime lenders
Reading Time: 2 minutes For fun, please note I am not endorsing any of the canidate… Economy policy using Google I googled “Obama/Hillary/McCain economy policy” and here is what I got. Note I only looked at the results from their campaign web site (click on the the names below to see the search results). Hillary: she does not has
Reading Time: 2 minutes US Tax Rebate The US congress and president are on the same page for one thing: help every American buy an iPod (a.k.a. the tax rebate thing). For me while I am glad to get some of my tax dollor back (rather than been blew away in Iraq, or paying a Carribean trip for some
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