Here're two news items, both involving very BIG numbers
Zimbabwe rolls out Z$100tr note
How to Understand a Trillion-Dollar Deficit
Both articles are about numbers which go beyond our intuition.
100000000000000 Zimbabwe Dollars bill and it only fetches 30 USD. 231m% hyperflation.
And then, our Deficit. USD 1200000000000!!
Talking about inflation, Fed gave out 350 Billion USD to banks and is about to give 350 more to banks. Obama is talking about 1 Trillion Dollars stimulus plan. I'm not sure, how we can avoid inflation in USA in the next few years.
Peace
Monday, January 19, 2009
Sunday, January 18, 2009
Future of abstinence-only funding is in limbo
Read this news article, an hour ago.
Now, that's good news. This is one of the ridiculous things the kids have to go through in High schools apart from the Denial of Evolution theory.
I understand that People have different views on Sex before Marriage. Even I've the same upbringing. But what bothers me is the undermining of Sex Education and Prevention Techniques. If children weren't thought these in High school, when would they learn the safe sex.
Denial of Science is one of the biggest Damages Bush did to this country. There's so much propaganda in the last 8 years denying Global Warming and Evolution theory. Now I just can't wait for these Stupid 'Intelligent Design' theories removed from Textbooks.
Peace.
Now, that's good news. This is one of the ridiculous things the kids have to go through in High schools apart from the Denial of Evolution theory.
I understand that People have different views on Sex before Marriage. Even I've the same upbringing. But what bothers me is the undermining of Sex Education and Prevention Techniques. If children weren't thought these in High school, when would they learn the safe sex.
Denial of Science is one of the biggest Damages Bush did to this country. There's so much propaganda in the last 8 years denying Global Warming and Evolution theory. Now I just can't wait for these Stupid 'Intelligent Design' theories removed from Textbooks.
Peace.
Saturday, January 17, 2009
Jan 20th, 2009 : End of an error
8 years of Bush in 8 minutes by Keith Olbermann
Enough said!
Title Courtesy : A user's comment on Digg.com
Peace.
Enough said!
Title Courtesy : A user's comment on Digg.com
Peace.
Monday, January 12, 2009
The price of Oil
Last summer was a nightmare for American commuters. Avg. price of gas went upto $4.5 per gallon. And by September the bubble started bursting.
Speculators created a media spin convincing us that Demand in China and India caused the price hikes, but not them. And then Media also bought that stupid argument. Media started quoting this Goldman Sachs analyst Arjun Rao as Oracle of Oil.
Post Wall Street collapse, no money available for leverage and speculation. Here we're with $1.6 per gallon price.
There's a report on 60 minutes last night. Here it is.
It's a must watch. And here's the text
Let me reiterate one more time. I'm not a commie and I also believe in free market capitalism. But what happened in the last 8 years ain't free market capitalism. It's an incest relationship of wall street, law makers, regulators and media. Yes, media ain't saint.
Here's a sample report by a senior journalist Jon Birger, who was in bed with speculators industry. And here're some calls made by this this Genius.
I'm glad that all it all ended and hope the new govt ends this Wild Wild west attitude in the market.
Peace.
Speculators created a media spin convincing us that Demand in China and India caused the price hikes, but not them. And then Media also bought that stupid argument. Media started quoting this Goldman Sachs analyst Arjun Rao as Oracle of Oil.
Post Wall Street collapse, no money available for leverage and speculation. Here we're with $1.6 per gallon price.
There's a report on 60 minutes last night. Here it is.
It's a must watch. And here's the text
Let me reiterate one more time. I'm not a commie and I also believe in free market capitalism. But what happened in the last 8 years ain't free market capitalism. It's an incest relationship of wall street, law makers, regulators and media. Yes, media ain't saint.
Here's a sample report by a senior journalist Jon Birger, who was in bed with speculators industry. And here're some calls made by this this Genius.
I'm glad that all it all ended and hope the new govt ends this Wild Wild west attitude in the market.
Peace.
Sunday, January 11, 2009
2008 : A retrospective
It's 2009 already, can't believe 2008 passed by already
2008 wasn't joyful to any one. Housing bust, Layoffs, Retirement portfolios, IRAs shrank to 50% or less, Wall street meltdown, Oil prices, commodity prices, Paulson's bazooka(wtf happened to that ?!), Series of Bomb blast in India, Madoff..
Looks like Recession is here to stay.
Even though I'm one of those million people who took a beating in the market, I want to write about few good things..
>CEO pay
So long suckers, gone are days of the exorbitant compensation packages, golden parachutes and Private Jets. With so much backlash from Public and Lawmakers, I hope this House/Senate approves a bill to limit these packages in the future also.
> More regulation on Wall street
Hedge funds, Commodity traders, Derivatives, Exotic financial instruments which no one understood. Huh. Now the dream run is over. Here's to the more regulation on wall street. Before cheering for that, I've to question the ethics/smartness of these senators leading the committees on Finance, Ways and means, Tax....
Christopher Dodd, Barney Frank, Charles Schumer. How good are these guys. All the mess happened while these guys are approving laws. Isn't time to bid adieu to these men?
>Commodity Traders
Remember last summer. We're taken for a ride by Hedge Funds, Commodity traders... Now with the burst of Hedge funds and frozen Credit, we're blessed with $1.6 gas prices.
>Oil Prices
Crude oil was 'flirting' with $150 per barrel price back in summer. Now it's $40. Though it's one of the fall outs of Weakening economy, it's bad news for this OPEC cartel. Couldn't be any more happier. And those high oil prices ain't so bad. It ended America's mad fascination for SUVs and Trucks.
Arjun murti, please take a hike!!
>Incompetent CEO's
Dick Fuld(Lehman), Angelo Mozilo(Countrywide), Robert Willumstad(AIG), Kerry Killinger(WaMu), Ken Thompson (Wachovia) and then few dickheads at Freddie Mac, Fannie Mae. Good bye assholes, corporate America wouldn't miss ya. I'm just waiting for Bob Nardelli and Rick Wagoner to turn in their papers. Sooner it is, better for Detroit.
>Iraq
I hate giving credit to Dubya's regime in any form. But there's some peace in Iraq. Though I don't approve the way it's accomplished, I'm happy for Iraqi citizens and armed forces based in Iraq
>Both House and Senate in control of Dems
That's right fellas. Since '92 , this is the first time we've both Senate and house dominated by Dems. Hope they'll be strong and bring some order in this country. If possible, please undo all the acts passed by Republican thugs. Abstinence Only education, ban on Stem cell research, Bush Tax cuts, Environment Protection...
>Obama in 1600 Penn Ave
After 8 years of Public housing, Bush is about to move out of White House. And a democrat in White House. This superseded all the sorrows and setbacks. Honestly, I'm not yet sold with Barrack's Hope and audacity. But hey, anybody can do better than dubya and evil Cheney. Good Riddance fellas..
>Sarah Palin stays in Alaska.
That's right, this 'hockey mom' wouldn't be moving to DC any time soon. Hopefully she never moves into Mainland. Though I don't have high regard for American Voters, they exceeded my expectations in this election. Just the thought of her as VP gives a chill in my spine.
Finally, I've two good news to share on personal front.
Karun, my friend and owner of this blog got married and my sister got engaged in Dec '08. Congratulations!!
In a way, I can't complain much about '08.
Hopefully '09 brings Peace and happiness to all of us. (and death to Islamic Terrorists)
Happy Sankranthi !!
Peace.
2008 wasn't joyful to any one. Housing bust, Layoffs, Retirement portfolios, IRAs shrank to 50% or less, Wall street meltdown, Oil prices, commodity prices, Paulson's bazooka(wtf happened to that ?!), Series of Bomb blast in India, Madoff..
Looks like Recession is here to stay.
Even though I'm one of those million people who took a beating in the market, I want to write about few good things..
>CEO pay
So long suckers, gone are days of the exorbitant compensation packages, golden parachutes and Private Jets. With so much backlash from Public and Lawmakers, I hope this House/Senate approves a bill to limit these packages in the future also.
> More regulation on Wall street
Hedge funds, Commodity traders, Derivatives, Exotic financial instruments which no one understood. Huh. Now the dream run is over. Here's to the more regulation on wall street. Before cheering for that, I've to question the ethics/smartness of these senators leading the committees on Finance, Ways and means, Tax....
Christopher Dodd, Barney Frank, Charles Schumer. How good are these guys. All the mess happened while these guys are approving laws. Isn't time to bid adieu to these men?
>Commodity Traders
Remember last summer. We're taken for a ride by Hedge Funds, Commodity traders... Now with the burst of Hedge funds and frozen Credit, we're blessed with $1.6 gas prices.
>Oil Prices
Crude oil was 'flirting' with $150 per barrel price back in summer. Now it's $40. Though it's one of the fall outs of Weakening economy, it's bad news for this OPEC cartel. Couldn't be any more happier. And those high oil prices ain't so bad. It ended America's mad fascination for SUVs and Trucks.
Arjun murti, please take a hike!!
>Incompetent CEO's
Dick Fuld(Lehman), Angelo Mozilo(Countrywide), Robert Willumstad(AIG), Kerry Killinger(WaMu), Ken Thompson (Wachovia) and then few dickheads at Freddie Mac, Fannie Mae. Good bye assholes, corporate America wouldn't miss ya. I'm just waiting for Bob Nardelli and Rick Wagoner to turn in their papers. Sooner it is, better for Detroit.
>Iraq
I hate giving credit to Dubya's regime in any form. But there's some peace in Iraq. Though I don't approve the way it's accomplished, I'm happy for Iraqi citizens and armed forces based in Iraq
>Both House and Senate in control of Dems
That's right fellas. Since '92 , this is the first time we've both Senate and house dominated by Dems. Hope they'll be strong and bring some order in this country. If possible, please undo all the acts passed by Republican thugs. Abstinence Only education, ban on Stem cell research, Bush Tax cuts, Environment Protection...
>Obama in 1600 Penn Ave
After 8 years of Public housing, Bush is about to move out of White House. And a democrat in White House. This superseded all the sorrows and setbacks. Honestly, I'm not yet sold with Barrack's Hope and audacity. But hey, anybody can do better than dubya and evil Cheney. Good Riddance fellas..
>Sarah Palin stays in Alaska.
That's right, this 'hockey mom' wouldn't be moving to DC any time soon. Hopefully she never moves into Mainland. Though I don't have high regard for American Voters, they exceeded my expectations in this election. Just the thought of her as VP gives a chill in my spine.
Finally, I've two good news to share on personal front.
Karun, my friend and owner of this blog got married and my sister got engaged in Dec '08. Congratulations!!
In a way, I can't complain much about '08.
Hopefully '09 brings Peace and happiness to all of us. (and death to Islamic Terrorists)
Happy Sankranthi !!
Peace.
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