'Drunken' Broker Sent Oil to 8-Month High in 2009: Report - US Business News - CNBC:
"...an admin clerk called Perkins to ask why he had bought 7 million barrels of crude during the night. Perkins had no recollection of the transactions, and it turned out that he had made the trades during a “drunken blackout," according to the FSA."
ATM fees hit record high, free checking accounts decline - Sep. 24, 2012
ATM fees hit record high, free checking accounts decline - Sep. 24, 2012:
" McBride says that the banking industry has lost income due to an increase in regulations, and that's made free checking accounts harder to find.
"Two regulatory changes in particular have cut the legs out from free checking, he said, "one putting restrictions on overdraft charges, and the other limiting swipe fees when
" McBride says that the banking industry has lost income due to an increase in regulations, and that's made free checking accounts harder to find.
"Two regulatory changes in particular have cut the legs out from free checking, he said, "one putting restrictions on overdraft charges, and the other limiting swipe fees when
CEO pay in the FTSE 100
English: Differences in national income equality around the world as measured by the national Gini coefficient. The Gini coefficient is a number between 0 and 1, where 0 corresponds with perfect equality (where everyone has the same income) and 1 corresponds with perfect inequality (where one person has all the income, and everyone else has zero income). (Photo credit: Wikipedia)
CEO Pay
New 'Tail Hedge' ETF Hunts Black Swans - Seeking Alpha
New 'Tail Hedge' ETF Hunts Black Swans - Seeking Alpha:
It is a little eearly in the school year for my classes to cover this, but oh well, we will anyways! lol
" First Trust recently launched a new "Black Swan" styled ETF that pairs a tail risk hedge with equities, which will help limit an investor's downside risk.....The tail hedging strategy protects a portfolio from extreme market
It is a little eearly in the school year for my classes to cover this, but oh well, we will anyways! lol
" First Trust recently launched a new "Black Swan" styled ETF that pairs a tail risk hedge with equities, which will help limit an investor's downside risk.....The tail hedging strategy protects a portfolio from extreme market
Mark Gongloff: Libor Fraud Was Happening In 1991, Trader Says, 17 Years Before Timothy Geithner Claims He Knew
Mark Gongloff: Libor Fraud Was Happening In 1991, Trader Says, 17 Years Before Timothy Geithner Claims He Knew:
"...the earliest time-stamp on Libor manipulation we've seen yet -- is a Financial Times op-ed by former Morgan Stanley trader Douglas Keenan. He claims that Libor, a key short-term bank lending rate that affects mortgages and other interest rates throughout the economy, was being
The Agenda: A Closer Look at Middle Class Decline - NYTimes.com
The Agenda: A Closer Look at Middle Class Decline - NYTimes.com:
Interesting NYTimes Blog article:
"Since median inflation-adjusted family income peaked in 2000 at $64,232, it has fallen roughly 6 percent. You won’t find another 12-year period with an income decline since the aftermath of the Depression.
Why? Hard to say, their attempt:
"In the simplest terms, the relatively meager gains
ANALYSIS: Should airlines hedge their bets on fuel?
English: Chart of jet fuel prices for major US airlines. (Photo credit: Wikipedia)
ANALYSIS: Should airlines hedge their bets on fuel?:
Remember the difference between operational hedges (example Delta's purchase of an oil refinery) and financial hedging (hedging with financial derivatives). And my prior on this is that hedging should be done and it is best to do it with financial hedging
Sandy Weill: Break up the big banks - Jul. 25, 2012
English: Sanford Weill outside Waverly Inn restaurant in New York City on December 17, 2007. (Photo credit: Wikipedia)
Sandy Weill: Break up the big banks - Jul. 25, 2012:
Reverse course? Weill seemingly admits the repeal of Glass-Steagall was a mistake.
"The man responsible for creating Citigroup -- the world's first financial supermarket -- said Wednesday that the nation's largest banks
What Americans Earn : Planet Money : NPR
What Americans Earn : Planet Money : NPR:
Some takeaways: Almost one household out of every four (24.9 percent) makes less than $25,000 a year. About one in three households (30.1 percent) made between $50,000 and $100,000. One in five households (19.9 percent) made more than $100,000 a year.
Some takeaways: Almost one household out of every four (24.9 percent) makes less than $25,000 a year. About one in three households (30.1 percent) made between $50,000 and $100,000. One in five households (19.9 percent) made more than $100,000 a year.
Why Floundering Is Good | Psychology Today
Why Floundering Is Good | Psychology Today:
Yes! I have ammunition now. :) but My students may not like this but it fits exactly what I have said since even before I started teaching. (thanks to Farnam Street for pointing this one out!
"...it’s better to let the neophytes wrestle with the material on their own for a while, refraining from giving them any assistance at the start. In a
NBA Players Forced to Save Toward Retirement for First Time - Bloomberg
English: Chicago Bulls Scottie Pippen 1995 (Photo credit: Wikipedia)
NBA Players Forced to Save Toward Retirement for First Time - Bloomberg:
To combat the near epidemic problems of professional athletes going broke after failing to safe for tehir retirement, the new NBA agreement includes a forced saving plan:
"Beginning next season, players also will surrender 5 percent to 10 percent of
Futurity.org – In tool trade, chimps reveal a quirky bias
Futurity.org – In tool trade, chimps reveal a quirky bias:
The endowment effect essentially says that you value something you own more than it is worth from an outside perspective. Now it appears that chimps suffer the same bias:
"Drawing on prior theoretical work by Jones on the evolution of seemingly irrational behaviors, Brosnan and Jones found consistency between chimpanzees and humans
PolitiFact | Viral Facebook post on CEO-worker pay ratio has obscure past
PolitiFact | Viral Facebook post on CEO-worker pay ratio has obscure past:
Several of my facebook friends have posted this and, well, there are so many things wrong with this picture it barely deserves mention, but if it is not mentioned, people will only see one side of the discussion.
So let's see is this true?
Yes US CEOs are highly paid both historically (excluding late 1990s-early
Several of my facebook friends have posted this and, well, there are so many things wrong with this picture it barely deserves mention, but if it is not mentioned, people will only see one side of the discussion.
So let's see is this true?
Yes US CEOs are highly paid both historically (excluding late 1990s-early
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