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rffrydr
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rffrydr
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Joined: 30 Oct 2005
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Location: Sunny California
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 Posted: Wed Jun 03, 2009 9:29 am Post subject: |
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Looks like Moody's has seen its limits, withdraws ratings of SAAD:
| Quote: |
Moody’s Investors Service today has withdrawn all ratings including the following
ratings of the Saad Group; the B1 issuer ratings of Saad Trading Contracting & Financial Services Company
(STCFSC), Saad Investments Company Limited (SICL) and Saad Group Limited (SGL), and the B1 debt
ratings on issuance of Golden Belt 1 Sukuk Company — together “the Saad Group”. The ratings have been
withdrawn because Moody’s believes it lacks adequate information to maintain the ratings. Please refer to
Moody’s Withdrawal Policy on moodys.com. |
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rffrydr
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rffrydr
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| Posted: Tue May 19, 2009 3:02 pm Post subject: |
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The "Melting Pot": how iranian nuptial happiness and misery become american misery and happiness:
http://www.thisamericanlife.org/Radio_Episode.aspx?sched=1295
Warning: don't listen to the second episode if you don't want to hear the saddest story modern technology has to offer. Moral: there is no progress.
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rffrydr
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Location: Sunny California
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rffrydr
Moderator
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Posts: 16932
Location: Sunny California
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rffrydr
Moderator
Joined: 30 Oct 2005
Posts: 16932
Location: Sunny California
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rffrydr
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Location: Sunny California
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| Posted: Mon Apr 06, 2009 8:09 am Post subject: |
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Germans toe the line:
http://www.nytimes.com/2009/04/05/weekinreview/05KULISH.html?_r=1&ref=world
| Quote: | What the Germans call Ordnung (the usual translation is “order,” but it is a much broader concept) is the unwritten road map of one society’s concerted effort to permanently banish the instability and violence that have marked its history. That sense of insecurity includes Germany’s forced division in the cold war, the Nazi era and the hyperinflation of the 1920s, but it also stretches at least as far back as the Thirty Years’ War in the 17th century, which decimated much of the German territories and population, and was a formative trauma.
The response has been to develop a national knack for sticking to the program, not just in specific areas, but in most aspects of life. The autobahn is more than just a highway with stretches where you can drive as fast as you want; it is also a marvel of self-organization. Old Fiats chug along in the right lane, while newer Volkswagens cruise the middle one, allowing sparkling Porsches to zoom by in terrifying blurs on the left. Everyone is in their assigned places, except for the fact that places have not been assigned |
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rffrydr
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| Posted: Sun Oct 26, 2008 8:33 am Post subject: |
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In a true excercise of mind over matter, of futility, Ira Glass explores that qurky facet of American culture that drives a job that already been done: Build a Better Mousetrap.
http://www.thislife.org/Radio_Episode.aspx?sched=1265
Perhaps even the lens through which we judge these foibles, these "market inefficiencies" is driven by its own myth.
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rffrydr
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rffrydr
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| Posted: Wed Sep 03, 2008 8:02 am Post subject: |
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What are we to make of these Sharia-compliant "bonds" with a mullah for a Ratings Agency and hard assets substituted for interest? Are these not the ultimate inversion of values when it comes to finance? Though crude still towers over $100/barrell the bloom is clearly off the platinum rose. And it's only now when we can see who's swimming naked.
http://www.bloomberg.com/apps/news?pid=20601109&sid=a_Zh0q70aPxY&refer=home
The ultimate hard asset, property, is greatly connected with finance it turns out. The truth is that hard and soft assets are inextricably connected. These bonds are a goldbug's wet dream. Not only the instrument of thier desire but an entire culture to support it. That goldbugs should be drawn into the sticky embrace of "foreign oil" just puts a giant syrpy cherry of irony on top.
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rffrydr
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