This is gate 7, the gate to my granstand. As i enter ferrri fans wave their flags and having some photoshoot.
A sneak peek of a corner
More to come..
Saturday, October 4, 2008
F1
Wow this the first night race i find it cool and interesting. Well here's day 1 pics
This is gate 7, the gate to my granstand. As i enter ferrri fans wave their flags and having some photoshoot.
A sneak peek of a corner
More to come..
This is gate 7, the gate to my granstand. As i enter ferrri fans wave their flags and having some photoshoot.
A sneak peek of a corner
More to come..
Sunday, September 21, 2008
What a busy and fulfilling week!
Well where can i start? Too much things going on and off. Well let's recap...
Day 1- Lehman Brothers, a 157 years old company filed for bankruptcy in the US. No bailout says the TREASURY and FED. Meanwhile AIG announces to sell its assets to raise capital. Lehman became the third brokeage company and the only company failed to get a bailout unlike MERRILL LYNCH and BEAR STEARNS. On sunday previous day, the 2 companies have been meeting to discuss plans but the plan fallout and Lehman had no choice but to end it.
Day 2- Drama in the wall street continues as traders move to sell shares of AIG to new lows and word has been spreading that the FED will cut rates to stabilise the markets. The FED meets at 2 later in the noon. The FED announces that interest rates put on hold and will keep monitoring the markets, ready to step in if required. AIG pressured all day finally gets what it wants, the FED will bailout with a USD 85 BILLION loan, Gives up 80% loan. The market reacted as always violently fist dropping then up three digit.
Day 3- Traders digesting and looking for best buy around the markets but cannot find. Somehow GOLD managed to steal the show with a record of its own, intra day high of about USD 90 as a safe haven buying. AIG as always threaten session lows and dragging DOW down. In the end DOW ended down more than 400 points. More blood ahead.
Day 4- Markets around the world fall like domino and central banks pumped in billions to help markets and some markets saw reverseal. Another day of violent trading. DOW open with the news of banning short selling as stocks struggle to find tempo. After going up and down, in and out of index at the very last hour of trading, rally began and close with a 400 points on the upside. TREASURY broke the news that plans are laying out to 'clear' up toxic debts and mortages and much more things to stabilise he markets.
Day 5- Markets around the world respond positively with eagerness.
Day 1- Lehman Brothers, a 157 years old company filed for bankruptcy in the US. No bailout says the TREASURY and FED. Meanwhile AIG announces to sell its assets to raise capital. Lehman became the third brokeage company and the only company failed to get a bailout unlike MERRILL LYNCH and BEAR STEARNS. On sunday previous day, the 2 companies have been meeting to discuss plans but the plan fallout and Lehman had no choice but to end it.
Day 2- Drama in the wall street continues as traders move to sell shares of AIG to new lows and word has been spreading that the FED will cut rates to stabilise the markets. The FED meets at 2 later in the noon. The FED announces that interest rates put on hold and will keep monitoring the markets, ready to step in if required. AIG pressured all day finally gets what it wants, the FED will bailout with a USD 85 BILLION loan, Gives up 80% loan. The market reacted as always violently fist dropping then up three digit.
Day 3- Traders digesting and looking for best buy around the markets but cannot find. Somehow GOLD managed to steal the show with a record of its own, intra day high of about USD 90 as a safe haven buying. AIG as always threaten session lows and dragging DOW down. In the end DOW ended down more than 400 points. More blood ahead.
Day 4- Markets around the world fall like domino and central banks pumped in billions to help markets and some markets saw reverseal. Another day of violent trading. DOW open with the news of banning short selling as stocks struggle to find tempo. After going up and down, in and out of index at the very last hour of trading, rally began and close with a 400 points on the upside. TREASURY broke the news that plans are laying out to 'clear' up toxic debts and mortages and much more things to stabilise he markets.
Day 5- Markets around the world respond positively with eagerness.
Monday, September 15, 2008
Bailout
SpotLight: "Bailout"
So what does it means and it keeps coming out of financial markets? According to wikipedia: Bail out in economics and finance is a term used to describe a situation where a bankrupt or nearly bankrupt entity, such as a corporation or a bank, is given a fresh injection of liquidity, in order to meet its short term obligations. Often bail outs are by governments, or by consortia of investors who demand control over the entity as the price for injecting funds.
Wow quite complex isn't it? Can it be say that there is no other way other than government intervention? Well look right the past and you will see Bear sterns and 2F(Fannie mae and Freddie mac not Felica and Flora) "Bailout". A lot of views to be considered from the most basic, ordinary folks savings, retail investors, staffs of the company, shareholders, CEOs, banks, and much more.... OK what is really going on? Being a new student in economics, it is a good topic to explore... The financial market is cool in my opinion because it is changing everday and moment. Like wind, it comes and goes as it please. Try to know it all and a new situation come out maybe out of a old form. Today the market holds the key to future things. Are we being held hostage? Are we going to the right directiom? Yuks i heard somebody say boring...Hmmm. Is it my passion to come? Time will tell.
So what does it means and it keeps coming out of financial markets? According to wikipedia: Bail out in economics and finance is a term used to describe a situation where a bankrupt or nearly bankrupt entity, such as a corporation or a bank, is given a fresh injection of liquidity, in order to meet its short term obligations. Often bail outs are by governments, or by consortia of investors who demand control over the entity as the price for injecting funds.
Wow quite complex isn't it? Can it be say that there is no other way other than government intervention? Well look right the past and you will see Bear sterns and 2F(Fannie mae and Freddie mac not Felica and Flora) "Bailout". A lot of views to be considered from the most basic, ordinary folks savings, retail investors, staffs of the company, shareholders, CEOs, banks, and much more.... OK what is really going on? Being a new student in economics, it is a good topic to explore... The financial market is cool in my opinion because it is changing everday and moment. Like wind, it comes and goes as it please. Try to know it all and a new situation come out maybe out of a old form. Today the market holds the key to future things. Are we being held hostage? Are we going to the right directiom? Yuks i heard somebody say boring...Hmmm. Is it my passion to come? Time will tell.
Monday, August 18, 2008
Thursday, August 7, 2008
Seeing Red this week
This is the thing that every athelets strike for.. Guess how many China would take? My guess... more than the US this year!!! 加油加油加油！！！
Monday, August 4, 2008
A look at recent US data
ADP Nonfarm Employment Change: 9K vs -58k exp vs -77k
Nonfarm Employment Change:-51K vs -75k exp vs -51k prev
Unemployment Rate: 5.7% vs 5.6 exp vs 5.5% prev
ISM Manufacturing Index:50.0 vs 49.4 exp vs 50.2
Total Vehicle Sales: 12.6M vs 13.6m exp vs 13.6 prev
My views: ADP vs NFP again, the changes are quite big in ADP while auto sales are down as expected in rising oil prices. The big thing is again unemployment rate rising as traders try to balance employment vs unemployment.
Nonfarm Employment Change:-51K vs -75k exp vs -51k prev
Unemployment Rate: 5.7% vs 5.6 exp vs 5.5% prev
ISM Manufacturing Index:50.0 vs 49.4 exp vs 50.2
Total Vehicle Sales: 12.6M vs 13.6m exp vs 13.6 prev
My views: ADP vs NFP again, the changes are quite big in ADP while auto sales are down as expected in rising oil prices. The big thing is again unemployment rate rising as traders try to balance employment vs unemployment.
Today in the Paper
MY LIFE
The human touch: Despite the many social networking tools available to youth, a corresponding rise in the rate of marriages is nowhere in sight.YouthInk writers say why:
Lost in their own world
It is ironic that as technology progresses and interpersonal communication becomes more efficient, we are losing touch with the essential skills needed for face-to-face interaction. "People resemble their times more than they resemble their parents," says Australian researcher Mark McCrindle, a specialist in social trends and generational studies.
And the times of Gen Y are replete with modern modes of communication such as e-mail, SMS and instant messaging, all of which absolve one from the need for face-to-face interaction. Many Young people, on the MRT or even during family meals, seem to be engrossed in a world of their own, busy sending streams of text-messages to their friends.
Hidden behind this text messages does nothing to hone the tone, gestures and body language that constitute 94 per cent of effective communication, according to the late professor Merlin Wittrock, who taught psychology at the University of California, Los Angeles, and who is well known for his literature in verbal and non-verbal communication.
This does not include social skills essential for marriage such as commitment, trust and the sharing of responsibilities. Use technology for ease of communication but do not let it replace he human touch completely.
From Tabitha Mok,21, is a fourth year medical student at the University of Western Australia.
The human touch: Despite the many social networking tools available to youth, a corresponding rise in the rate of marriages is nowhere in sight.YouthInk writers say why:
Lost in their own world
It is ironic that as technology progresses and interpersonal communication becomes more efficient, we are losing touch with the essential skills needed for face-to-face interaction. "People resemble their times more than they resemble their parents," says Australian researcher Mark McCrindle, a specialist in social trends and generational studies.
And the times of Gen Y are replete with modern modes of communication such as e-mail, SMS and instant messaging, all of which absolve one from the need for face-to-face interaction. Many Young people, on the MRT or even during family meals, seem to be engrossed in a world of their own, busy sending streams of text-messages to their friends.
Hidden behind this text messages does nothing to hone the tone, gestures and body language that constitute 94 per cent of effective communication, according to the late professor Merlin Wittrock, who taught psychology at the University of California, Los Angeles, and who is well known for his literature in verbal and non-verbal communication.
This does not include social skills essential for marriage such as commitment, trust and the sharing of responsibilities. Use technology for ease of communication but do not let it replace he human touch completely.
From Tabitha Mok,21, is a fourth year medical student at the University of Western Australia.
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