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Ignorance is Bliss. Value Investing: art of buying low and selling lower... Cartoon: Stock Market Roller Coaster
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CEO -- Chief Embezzlement Officer.
CFO -- Corporate Fraud Officer.
BULL MARKET -- A random market movement causing an investor to mistake himself for a financial genius.
VALUE INVESTING -- The art of buying low and selling lower.
P/E RATIO -- The percentage of investors wetting their pants as the
market keeps crashing.
BROKER -- What my broker has made me.
STANDARD & POOR -- Your life in a nutshell.
STOCK ANALYST -- Idiot who just downgraded your stock.
STOCK SPLIT -- When your ex-wife and her lawyer split your assets
equally between themselves.
FINANCIAL PLANNER -- A guy whose phone has been disconnected.
MARKET CORRECTION -- The day after you buy stocks.
CASH FLOW-- The movement your money makes as it disappears down the toilet.
YAHOO -- What you yell after selling it to some poor sucker for $240 per share.
WINDOWS -- What you jump out of when you're the sucker who bought
Yahoo @ $240 per share.
INSTITUTIONAL INVESTOR -- Past year investor who's now locked up in a nuthouse.
PROFIT -- An archaic word no longer in use.
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Venice hit by biggest flood in 20 years, waters rising quickly to 1.56m/5ft. Famous St Mark's Square submerged
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The city of Venice has suffered its highest flooding in more than 20 years. Many of Venice's streets, including the famous St Mark's Square, were submerged, before the high waters began to retreat.
The lagoon city in the Adriatic suffers some level of flooding for about 200 days every year. The authorities are planning to complete the building of an underwater dam to protect the city by 2011.
Driven by strong winds, the sea level rose to 1.56m above normal on Monday, submerging nearly all of the city and forcing residents and tourists to wade through almost knee-high water, including St Mark's Square, officials said. It was the highest "acqua alta", or high water, since it reached 1.58m in 1986.
Bailout fever rescue economy or Market correct itself? How many trillions are enough? Who shouldn't be bailed out?
“Bailout” fever runs beyond the US, to affect Europe, to affect Asia… Market economy and private ownership - upon such economy systems democracy stands. The bailout tosses out dumb questions - don’t bailouts challenge the fundamentals of market economy? Impact on the ownership of the very top firms, the key performers in world’s major economies? Should market economy adjust itself or can it be rescued by bailouts? How many trillions would be enough in a global financial crisis? Who should not be bailed out?
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Has anyone bothered to ask: Why $700 billion? Why not $800 billion to bail out the economy? Or a trillion? Jeez, as long as the dam has burst, why not make it a cool $7 trillion?
Okay, $7 trillion it is, and if you think that's an exaggeration, you're wrong. In this year alone, we have committed an amount that is more than half of our entire annual gross national product to assorted bailouts and guarantees. No, that doesn't mean that we have diverted half our GNP for bailouts; it means that we have created half our gross national product virtually out of nothing.
Now it's official: US in recession since 2007, one of the longest downturns since the Great Depression of 1930's
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The National Bureau of Economic Research said Monday that the U.S. has been in a recession since December 2007, making official what most Americans have already believed about the state of the economy.
The NBER is a private group of leading economists charged with dating the start and end of economic downturns. It typically takes a long time after the start of a recession to declare its start because of the need to look at final readings of various economic measures. The NBER said that the deterioration in the labor market throughout 2008 was one key reason why it decided to state that the recession began last year.
Greenland, semiautonomous Danish territory, takes symbolic leap: 75% voters vote for independence. Oil, key issue?
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The inhabitants of the world's largest island turned out yesterday in midwinter darkness to vote for what many believe is the first step towards independence. The people of Greenland voted overwhelmingly for increased autonomy from Denmark - a move that will see the 56,000-strong population take greater control over the island's potentially huge natural resources and mean Greenlandic becomes the official language.
According to the island's election commission, 76% of voters supported the proposal, which outlined a system for sharing future oil revenues with Denmark and gave locals control over the courts, the police and the coastguard. Denmark would retain responsibility for security and foreign relations. The referendum was supported by the Danish government.
Around 72% of the island's 40,000 registered voters cast their ballots at voting stations in 18 municipalities. The high turnout came despite the small number of daylight hours and sub-zero temperatures in many parts of the island, 80% of which is covered by ice. The system is likely to come into effect from June 21 next year, the island's national day. It is almost certain to be rubber-stamped by the Danish and Greenlandic parliaments. read more »
"Clean City" São Paulo says no to visual pollution, 15,000 billboards, 1,600 signs, 1,300 towering metal panels removed
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To the undiscerning eye of a visitor, there is nothing too unusual about Florêncio de Abreu Street in downtown São Paulo. The buildings, many of them noble structures with brightly painted façades and stone balconies, reflect the city's rich history, and the constant noise of commercial bustle and angry traffic are the classic sounds of a major modern metropolis. But until 2006, much of that eye-catching architecture went unseen. São Paulo is a supremely intense city whose futuristic mix of skyscrapers, helicopters, advertising and rain has earned it comparisons with the urban imagery of the sci-fi film Blade Runner. But for the longest time, the nice bits, like the buildings along Florêncio de Abreu Street, were hidden behind billboards, electronic ads, shop signs and street banners.
Solar Energy: Spain 4th in world, 2nd in Europe behind Germany; number of solar companies leapt from couple dozen to few hundred
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As researchers continue to explore new ways to promote and improve solar power, Spain forges ahead with plans to build concentrating solar power plants, establishing the country and Spanish companies as world leaders in the emerging field. At the same time, the number of installed photovoltaic systems is growing exponentially, and researchers continue to explore new ways to promote and improve solar power. This is the seventh in an eight-part series highlighting new technologies in Spain and is produced by Technology Review, Inc.’s custom-publishing division in partnership with the Trade Commission of Spain.
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