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Showing posts from September, 2008

The Financial Crisis: Explanations

HERE IS AN HONEST STATEMENT OF ALL by Kedrosky and so I found an echo in his words below - especially the last line: I pity [US] taxpayers wandering into the credit crisis story at this point. It is absurdly complex, and centers on a subject that most people neither care about nor understand. And the last time they looked in they were told this was about subprime and housing, which it no longer is -- at least not in large part. Instead, it is a costly and complex saga involving the unwinding of global credit markets, overlaid with debt syndication, new derivatives, the collapse of the investment banking business, the changing nature of leverage, flawed risk models, structured finance, greed, the housing bacchanalia, savings, paranoia about prior credit crises, and the paradox of thrift. Don't forget, of course, populist political pandering in an election year. Is it any wonder that most of even the most well-intentioned commentary on the current crisis sounds clueless, unhelpful

The Machine is Us/ing Us -- by Michael Wesch

THIS APPARENTLY IS A GREAT START OF THE WEEKEND: watching this very interesting and equally famous clips by Michael Wesch, Prof. of Cultural Anthropology at Kansas State University. [Above: this 5 minute clip is about ‘Web 2.0’, but it in fact narrates how IT works today, and has got integrated into social human lives. Apparently, this is also food for thought for the next business transformation endeavour...] The 33 year old highly tech savvy Anthropologist also has this another great short clip on the same subject, this time on Information R/evolution - here on YouTube. [Go here for Michael Wesch's personal pages on Kansas State Uni website.] [Go here for the first clip about Web2.0 on YouTube.]

Lehman Bros Files for Bankruptcy Protection

THE 158 YEARS OLD INVESTMENT BANK FROM THE WALL ST. was finally 'allowed' to go bankrupt by the Federal Govt. By one observation time was against Lehman on two accounts - plenty as well as too short: on one hand, time was too short for them to find a suitable buyer and thus save filing for bankruptcy protection; on the other hand, their stakeholders were considered to have sufficient time to make appropriate arrangements and were thus considered fit to fend for themselves (and go bankrupt... Unlike in the case of Bear Stearns which was prevented from going bankrupt by being 'purchased' by JP Morgan and thus its stakeholders were rather spared). It is not perhaps how large Lehman is and the impact it would generate; the real point to ponder is - is it the first is line? and, who would be next? Also, is the market at large really ready for a new phase of consolidation? What is with the rumors of BofA and Merrill Lynch merger? And while there is enough flux in motion,

Sen. John McCain's George Bush Problem

THE EDITORIALS FROM THE LAST WEEK'S EDITION OF THE ECONOMIST declared that with respect to the Presidential election in the US, Republican Sen. McCain is almost tied with his Democratic contender Sen. Barack Obama on most opinion polls - something that was deemed inconceivable just a month ago. And add to that the enormous popularity - almost a jackpot for the Republicans, if you like - that the Republican Veep nominee, "the 'hot' Governor from the cold state", Gov. Sarah Palin garnered at the National Republic Convention early this week virtually pumped a fresh breath of life into the 2008 US Presidential race. Siting the issue as McCain's George Bush problem and the need to distance himself from the incumbent President, the editorial goes on to conclude that "he sounds increasing like Bush III; [the American public] prefer McCain I".

Wordle: Measuring Yourself Up in Your Own Words

REGULAR BLOGGERS USE TAG-CLOUDS, and the sincere ones use them wisely. Whilst on one hand the tags help organise and categorise the posts and thoughts therein, they also help the author not to stray too much away (a cluttered tag-cloud is most likely an apparent symptom of this) from the topics and interests the blog is intended for and targeted towards in the first place. On the other hand, the blog posts are made up in real language using real words that make up the composition by the author. And since the author has his/her own style with grammar and sentence construction, it forms a pattern or trend of words used to produce those thoughts marked under the given tags. Wordle.net offers this beautiful applet utility that instantly creates a "word-cloud" by consuming your blog feed. Taking it one step further, one can then match this world cloud with the tag cloud of the blog, and make interesting inferences. [Above: Word-cloud from the recent posts of this blog by Wordle