| Financial Taxidermy - Lessons in Being Stuffed
This article was originally published on December 5th for the benefit of subscribers. Taxidermy refers to the job of taking the skins of dead animals and mounting them onto a plate of some form that depicts them in a naturally occurring state. With the era of photography and cartoons, this is not required for today's article. Instead, pictures are strategically placed onto the S&P 500 Index chart to "capture" what the general populous was thinking at a particular point in time. One of the main reasons for this article taking a long time to publish was finding the appropriate pictures. A picture is said to be worth 1000 words, so each picture is supposed to be representative of the thoughts of each individual at a certain point in the stock market cycle. The stock market is a barometer of how the economy is doing and the footprint left by the "tape" directly captures the summation of all participants.
Firm waited to recall rancid baby food
Umm... Toronto from Canada writes: Gavin, you don't have kids, do you? To tell you the truth, most baby food smells absolutely disgusting to me! Perhaps not rancid, but certainly not good. The real question is this: Why did My Organic Baby Foods not properly test the liners prior to putting them on the market? What else do they not adequately test?
I'm still waiting for all the stay at home moms to chirp in and tell the world how great they are because they make their own baby food from oats grown in their living room using only their own breast milk to mix it with... Posted 29/01/08 at 10:38 AM EST | Alert an Editor | Link to Comment .
Liam O'Gallagher, R.I.P.
In his published works, The Blue Planet Notebooks, Planet Noise, and Fool Consciousness, he dealt with themes related to the evolution and future of human consciousness. He painted in the Abstract Expressionist style, and at the time of his death was working on a series of paintings that he described as expressing, "the surreal aspects of space science." The critic Richard Kostelanetz called him "one of the finest visual poets in America." Born William Gallagher in Oakland, California, on October 2, 1917, he adopted the more traditional rendering of his name after visiting relatives in Ireland in 1950. He moved to the Monterey Peninsula in 1945, at a time when the area was known for its resident artists and bohemians. In 1946, he left for Greenwich Village in New York to study painting with the renowned abstract expressionist master Hans Hoffman.
Bosses 'condoned' SocGen trader
Societe Generale announced trading losses last month of more than $7.2 billion, which it attributed to fraud by Kerviel, who traded European index futures for the bank. "When you find that the bank condoned what Jerome did for more than two and a half years, I don't really know if you can still state that he acted alone," Selnet told CNN. Kerviel has been charged with abuse of confidence and illegal use of computers but has not been charged with fraud. He faces up to three years in prison. .
Wal−Mart and bondinsurers sets the stage for today's trading
Credit Suisse fell 9.2 percent to 51.55, the most since October 2002, after saying it wrote down the value of some asset-backed securities in the first quarter. Net income in the first quarter to date will be reduced by about $1 billion, the Zurich-based bank said in an e-mailed statement today. BNP Paribas SA, France's biggest bank, slipped 1.2 percent to 59.7 euros after Bernstein cut its price estimate 18 percent to 69 euros, citing a reduction in earnings forecast for lenders taking account of a possible recession in the U.S. Bernstein cut its price forecast on UniCredit SpA, Italy's largest bank, 9 percent to 6.1 euros. The stock slid 1.5 percent to 4.85 euros. Credit Agricole SA, the country's second-largest bank, dropped 3.4 percent to 17.27 euros.
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