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February 9, 2012
Public Cloud vs. Private Cloud: Which is Best for Your Wealth Management Organization?
February 15, 2012
What's the Ideal Web Experience for Today's Financial Services Consumer?
Blog
Supercomputer Used to Predict Climate Change Among U.K.'s Worst Polluters
August 28, 2009 @ 14:46 PM | By Penny Crosman
In the latest example of climate-change hypocrisy, Britain's Daily Mail reported yesterday that the supercomputer the U.K.'s national weather bureau uses to predict climate change is one of the country's worst polluters. The massive IBM System p used by England's Met Office in Exeter, Devon, consumes 1.2 megawatts of energy, is capable of running a trillion calculations per second and reportedly feeds data to 400 scientists. The building it's housed in produces 12,000 tons of carbon dioxide per year, and 75% of this (or 9,000 tons) is attributed to the climate change computer. It's estimated that 1,000 homes could be powered with the energy that the U.K. puts into forecasting climate change.
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TGIF: Goldman's Town Hall; Good, Bad News About Economy
August 28, 2009 @ 07:19 AM | By Penny Crosman
David Weidner stages a Goldman Town hall and Jon Stewart's take on the U.S. economy.
Goldman's Town Hall Meeting David Weidner at MarketWatch has envisioned what a Goldman Sachs town hall would be like. To give you a taste, here's the first question and answer: "Question 1: Is it true that the $180 billion bailout of American International Group was really a bailout of Goldman? You made more than 20 phone calls to then-Treasury Secretary Henry Paulson in the week leading up to the initial AIG loan that resulted in $10 billion flowing directly to your firm? Blankfein: As we've tried to make clear, our AIG exposure was hedged -- hedged by our deep influence in Washington." It's a witty and incisive take on a company whose practices have for too long gone unquestioned. continued...Comment on this blog entry
Federal Bureau of Prisons Refutes Madoff Has Cancer
August 26, 2009 @ 10:34 AM | By Ivy Schmerken
The Federal Bureau of Prisons refutes a New York Post story saying that Bernard Madoff has cancer and is dying from the disease.
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Is Bernie Madoff Dying from Cancer?
August 25, 2009 @ 07:43 AM | By Ivy Schmerken
The cancer theory could explain the speculation as to why Madoff took the fall for the entire fraud.
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TGIF: U.S. Stages Coup to Wipe Out National Debt
August 21, 2009 @ 07:38 AM | By Penny Crosman
After dismissing other ideas for reducing the national debt, such as disguising the country as Canada, Congress has settled on a political coup as the answer to the staggering U.S. debt.
U.S. Government Stages Fake Coup To Wipe Out National Debt
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UBS Settlement Could Unlock Bank Secrecy
August 20, 2009 @ 09:44 AM | By Gregory MacSweeney
An agreement reached between the U.S. and Switzerland over secret American accounts held at the Swiss bank UBS may open the way for revelations of tax evasion at other banks.
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Victim Discloses Extramarital Affair With Bernie Madoff
August 14, 2009 @ 10:43 AM | By Ivy Schmerken
Hadassah, the Jewish nonprofit organization, has learned that its former chief financial officer made investment decisions while conducting an extramarital affair with Bernard Madoff.
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Move To OTC Clearing Is Right Says LCH.Clearnet CEO
August 13, 2009 @ 10:34 AM | By Gregory MacSweeney
As regulators focus on curbing speculation, the Wall Street Journal chats with Roger Liddell, LCH.Clearnet CEO, about whether things are headed in the right direction.
continued...Comment on this blog entry
Fed Is Looking For a Few Good Traders
August 12, 2009 @ 11:06 AM | By Gregory MacSweeney
The Fed is looking to hire traders, risk managers and analysts to help manage its investments, including roughly half-a-trillion dollars worth of mortgage-backed securities.
continued...Comment on this blog entry
Blodget-Spitzer Interview: Who Destroyed Wall Street?
August 10, 2009 @ 23:44 PM | By Ivy Schmerken
In series of interview clips running on Yahoo Finance, Spitzer discusses the credit crisis, A.I.G., the ratings agencies, Wall Street compensation and the Dick Grasso case.
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Author Warns About Excessive Data Mining
August 09, 2009 @ 06:47 AM | By Gregory MacSweeney
David Leinweber, author of "Nerds on Wall Street," talks about the dangers of "over mining" data.
continued...Comment on this blog entry
TGIF: Geithner's Housing Crisis
August 07, 2009 @ 07:39 AM | By Penny Crosman
His economic policies aren't helping Treasury Secretary Timothy Geithner sell his own house.
| The Daily Show With Jon Stewart | Mon - Thurs 11p / 10c | |||
| Home Crisis Investigation | ||||
| ||||
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The Paper Behind the High-Frequency Trading Uproar
August 06, 2009 @ 10:20 AM | By Penny Crosman
Why have mainstream news outlets suddenly gotten excited about the "high frequency" or algorithmic trading that's taken place on Wall Street for years? According to Time magazine, a short white paper written by Joseph Saluzzi and Sal L. Arnuk, co-heads of the equity trading desk at agency brokerage Themis Trading, is behind most of the uproar.
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New Legislation May Change Exec Pay
August 03, 2009 @ 07:26 AM | By Gregory MacSweeney
A bill that passed the House would allow shareholders to vote on pay packages for Wall Street executives, and give regulators new powers to limit rewards for risk taking.
continued...Comment on this blog entry
Big Banks Face Further Scrutiny
August 03, 2009 @ 07:23 AM | By Gregory MacSweeney
The worst may not yet be over for some of America's biggest banks. Some of the country's biggest lenders, including Goldman Sachs, have been subpoenaed by a Senate committee as part of a fraud investigation.
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New Rules Would Rein in Derivatives
August 03, 2009 @ 07:21 AM | By Gregory MacSweeney
Democrats are working on a bill that would force most credit-default swaps onto exchanges where they can be monitored by the government.
continued...Comment on this blog entry
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