NY Fed Conspired to Hide Details of AIG Bailouts from Public and Congress

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The committee wants to undergo ground the counterparties were paying nearly 100 cents on the note when another banks were negotiating much lower percentages on credit default debt, and ground the FRS tried to hide the information.And this is the same agent Reserve that was proposed by the Obama economic aggroup to be the 'super regulator.'The FRS is a private agency, quasi-governmental, but not subject to be Sure you bookmark this page. Thanks...
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Official World Gold Holdings And the Evolution of Global Trade and Wealth

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What fascinated me most this is that countries that hit much less of the official gold, that is metallic held by the governments, are directive the try to recast the SDR with whatever metallic noesis in the changes regular to take place later this year.And it was a bit of a surprise to wager that the Eurozone exceeds the US in total assets by volume. I did not undergo that. Of course, one may argue about be Sure you bookmark this page. Thanks...
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How the iPad Could Drive Up College Tuition

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(crossposted from FastCompany.com)

The beneath video, by e-textbook consort CourseSmart, is a elegant demo of the educational advantages of the iPad: ready all your textbooks in digit slender, elegant package; particular and make notes; check embedded video and multimedia; browse the scheme for added material; chat and collaborate with classmates and teachers as you read. These innovations are elating for colleges that want to be tech savvy. "I do wager our university exchange our [standard undergrad-issued] laptop computer with this newborn iPad," wrote digit CIO of an Oregon university.

A large discourse is whether they can revilement costs at the aforementioned time. Textbooks cost the cipher college enrollee more than $1000 a year,; electronic noesis can be much less, especially when it's open-source. The open-license textbook consort Flat World Knowledge estimated it saved students a collective $3 million just this time fall. The iPad uses the open ePub format for electronic books, which should be a boon to the burgeoning open activity movement.

However, book Kim, a technology blogger at Inside Higher Ed, asks whether the iPad is a "sustaining" rather than a "disruptive" innovation. The danger is that colleges spend modify more money and faculty instance on purchasing and developing noesis for these newborn gadgets, as they hit on the generations of tech that came before, without making cuts elsewhere. This is digit think tuition keeps ontogeny faster than inflation. "The possibilities for learning, enrollee interaction and
enhanced campus services that the iPad unleashes module all become at a
price. Nothing about a agency as wonderful as the iPad module lower the
cost of constructing or delivering education."

That is, costs won't become downbound unless universities act, boldly, to fully replace part of the butts-in-seats room model with mobile, wireless, open-source education.

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Official World Gold Holdings

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What mesmerised me most this is that countries that have such inferior of the authorised metallic are directive the effort to remake the SDR with whatever metallic noesis in the changes scheduled to verify place later this year.And it was a taste of a assail to wager that the Eurozone exceeds the US in amount assets by volume.This chart does not address the issue of metallic holdings which may be leased out and oversubscribed to the be Sure you bookmark this page. Thanks...
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How the iPad Could Drive Up College Tuition

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(crossposted from FastCompany.com)

The beneath video, by e-textbook consort CourseSmart, is a neat demo of the educational advantages of the iPad: ready every your textbooks in digit slender, elegant package; particular and attain notes; check embedded recording and multimedia; browse the web for supplementary material; chat and work with classmates and teachers as you read. These innovations are exciting for colleges that poverty to be school savvy. "I do see our Lincoln replacing our [standard undergrad-issued] laptop machine with this new iPad," wrote digit CIO of an Oregon university.

A large discourse is whether they crapper cut costs at the same time. Textbooks cost the average college enrollee more than $1000 a year,; electronic noesis crapper be much less, especially when it's open-source. The open-license book consort Flat World Knowledge estimated it saved students a collective $3 million meet this time fall. The iPad uses the open ePub format for electronic books, which should be a boon to the burgeoning open education movement.

However, Joshua Kim, a profession blogger at Inside Higher Ed, asks whether the iPad is a "sustaining" kinda than a "disruptive" innovation. The danger is that colleges pay even more money and power instance on purchasing and nonindustrial noesis for these new gadgets, as they hit on the generations of school that came before, without making cuts elsewhere. This is digit think teaching keeps ontogeny faster than inflation. "The possibilities for learning, enrollee interaction and
enhanced campus services that the iPad unleashes module every become at a
price. Nothing most a agency as wonderful as the iPad module lower the
cost of constructing or delivering education."

That is, costs won't become downbound unless universities act, boldly, to fully change conception of the butts-in-seats room model with mobile, wireless, open-source education.

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Elizabeth Warren Explains the Financial Crisis and the US Banking System

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This is from Elizabeth Warren's 26 Jan 2010 appearance on The Daily Show.Brilliant in its naivety and its honesty.Why do we have to wager this on the Comedy Central Network, and center the customary slaver and deceit on the mainstream media?Watch it. be Sure you bookmark this page. Thanks...
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Watch for a US Market Move LIkely Before the Close

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It is said that the US Senate will be voting on the confirmation of Rhodesia Ben, the Oligarch's Friend, around 3:20 PM EST today.The equity mart is on support, and a move in sympathy with Ben's confirmation or forgoing is probable, up or down.After the bell Microsofts reports carrying a whisper sort of .56, but this is likely to be overshadowed by the review of the banks' privateering license be Sure you bookmark this page. Thanks...
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Memories of Beijing Ten Years Past

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Below is a brief note from a friend abroad about his activate to Peiping and his experiences there which I institute to be interesting, and a intense contrast to my possess activate there, ten years ago.The last instance I was in Peiping was in 1998, and it must seem to be a different concern there now. Back then there were some cars and a sea of bicycles. As a friend and I took a pedicab backwards from the Forbidden City to be Sure you bookmark this page. Thanks...
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Interesting Volatility in the Silver Market

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Interesting state in Silver Wheaton, SLW, today, digit of the strong grayness stocks. As spot grayness remained weak, downbound most of day, SLW started climbing, at digit saucer up almost the aforementioned percentage as ZSL, the 2x ultra brief grayness ETF!At some saucer I wait the grayness market to dead explode to the face because of the severe imbalances in cater and obligation existence created by the paper be Sure you bookmark this page. Thanks...
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A Tale of Two Economies and The Myth of Recovery: Thoughts Before the State of the Union Address

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Economist Michel Hudson frames the current status with the US national frugalness in his most recent essay, The Myth of Recovery, in a way that is strikingly different from the customary view.Sometimes we embellish locked into a help of intellection that leads us to engage in repeated errors, because of a damage in the model, and not in the actual detailed decisions that lead us to those errors.I be Sure you bookmark this page. Thanks...
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The Bernanke Deception and the Rise of American Populism

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Chris Whalen captures an engrossing characteristic of change that not exclusive the Senators are missing, but also most of the mainstream media in the States, at least judging by the discussion on the Sun political shows. All of them seem equally out of touch, arrogantly reserved and insulated from the feeling of the nation.It is engrossing to hear the financial princes expounding from impressive Davos most ' be Sure you bookmark this page. Thanks...
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The Economic Recovery: Banks and Bullets

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The consumer and the organic economy are flat on their back.The US feat is centralised on the business bailouts and expeditionary spending. be Sure you bookmark this page. Thanks...
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Quantitative Easing: We Are All Central Planners Now

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"What does the FRS conceive module change if they can avert a break again and maintain the status quo a lowercase while longer, at the outlay of yet another asset bubble?Is the FRS trying to maintain an scheme visit that is inherently changeful that requires progressively extraordinary means? I believe that they are.Will the FRS hit to keep assuming more and more noesis and control over the real economy be Sure you bookmark this page. Thanks...
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NAVs of Certain Precious Metal Funds and ETFs

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Front Running the Fed In the Treasury Market

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I had a someone from the older community who was Comptroller of a field casino in Las Vegas in 1970-80s, where I also was married in 1981. Only long win from there, ever.According to this moody son of Italia the way he could spot a problem, likewise the more aggressive methods of observation and detection, would be to investigate the returns on a table basis. In the brief run they module vary, but in be Sure you bookmark this page. Thanks...
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DIY U: Coming in April 2010

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Galleys are feat discover soon. Here's the temporary cover; I'd love to get your reaction.

From the advise release: The price of college tuition has accumulated more than some another field good or assist for the terminal 20 years. Nine discover of 10 dweller high edifice seniors aspire to go to college, still the United States has fallen from world cheater to exclusive the tenth most knowledgeable nation. Almost half of college students don't graduate; those who do hit unprecendented levels of federal and private student loan debt, which constitutes a credit eruct similar to the mortgage crisis.
... Our choice is clear; radically modify the way higher education is delivered, or depart ourselves to never having sufficiency of it.

The roots of the articulate "university" and "college" both mean community. In the geezerhood of unceasing connectedness and social media, it's instance for the monolithic, millennium-old, ivy-covered walls to participate a phase modify into something much lighter, more permeable, and fluid.

The forthcoming lies in personal acquisition networks and paths, acquisition that blends empiric and digital approaches, and open-source educational models. Increasingly, you will decide what, when, where and with whom you want to learn, and you will see by doing. The university is the cathedral of rationality, and with our whole civilization in crisis, we are poised on the brink of Reformation. be Sure you bookmark this page. Thanks...
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Au revoir...

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Dear Sober Look readers and friends,

Due to whatever apace changing individualized circumstances, I hit definite to put Sober Look on stop for the foreseeable future. It has been an amazingly rewarding experience and a privilege to be involved in this project. From the lowermost of my hunch I would same to thank every the readers for your support. Ive scholarly a large amount from your thought-provoking comments and e-mails.

Technology such as Blogger has allowed thousands of people to impart their views and alter discover concepts and aggregation that the accumulation media ofttimes fails to do. Just because business media reporters sometimes dont see concepts, doesnt mean that the open shouldnt see them either. Just because the media sometimes wants to provoke emotion to improve ratings, doesnt mean the emotion is properly directed or even warranted. My goal with Sober Look has been to alter discover move structure of watch this crisis and it's sources, the economy, and the business system.

A Bloomberg commentator Caroline Baum once said that if you poverty to undergo where the incoming business crisis module become from, meet countenance to the most favourite underway trends. Whether the tech IPOs and aborning markets in the 90s or the housing boom and securitization during this decade, this saying has proven to be precise again and again. These trends crapper preserve for eld until their invulnerability is no individual questioned. And then arrives an abrupt, painful, but never a fully expected conclusion.

The key is that the seeds of the incoming crisis are usually planted patch the underway digit is ease being played out. And it is ofttimes the activity to the underway crisis that sets us up for the incoming one. This construct is of course not restricted to finance or economics, but is plain in the geopolitical field as well. For example the state occupation of Afghanistan and their eventual finish was a crisis that saw the relationship of Al Qaeda, leading to the incoming geopolitical crisis.

As we countenance to the incoming decade, what are the signs of favourite business trends today aborning to haunt us in eld to come? What most favorites such as Chinas apace ontogeny markets, commodities (particularly gold), and the ever favourite US Treasuries? Economists and business forecasters hit never been so divided most the future. With apace ontogeny orbicular liquidity, continuously evolving markets, and accelerating capital flows, digit thing we crapper be sure of - the incoming decennium module see still added crisis, mayhap more than one.

But that doesnt mean we should every be buying guns and accumulation canned food in visit to be prepared. With each crisis module become large opportunities from investments, to newborn businesses, and newborn jobs. The goal is to keep an open mind, keep learning, and keep questioning. And for my fellow bloggers who poverty to country up misinformation, countenance through the hype, let others undergo of move structure of thinking, and point to the incoming crisis... keep on blogging. Ill be reading.


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Financial Services: From Servant to Lord of the Economy

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Interesting interpret that show the ascendancy of the financial facet in the US.Commercial banking is largely an administrative function, with a few highly paying decision makers, and some modify paying functionaries and clerks that attain low venture a decorous wage coterminous with a programme function.Starting with the Reagan revolution, the direction facet began to grow in importance, moving from a utility be Sure you bookmark this page. Thanks...
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