It was a good week for the markets this week. The DOW went up 11.3% for the week- the biggest one-week gain since October 1987 (also the time of the last market crash) and it was generally very positive globally too.
It's actually kind of strange seeing as there wasn't exactly any positive news coming out this week. The GDP data came out and we are officially in a recession with an annual GDP decline of 0.3% in the third quarter. It is expected to continue until at least the first quarter of next year. The consumer confidence index is at an all time low, since they started tracking it in 1967. It fell from 61.4 to 38 in a month- the third steepest drop. Companies continue to report declining earnings. The only highlight is that as a result there are some amazing sales out there. Saks is already taking EXTRA 40% off already reduced items- I got something at 70% off today! If only I had the capital to fully utilize the opportunity. Maybe the market is just so used to all this stuff by now that it has already been factored in and now everyone is just looking for a bargain.
One piece of good news was the Fed cutting its rate again this month by another 0.5% to 1%. Experts were not expecting it to help much, but since the market reacted very positively, I guess they were wrong. The rates are expected to hold from now- or so I hope. They've got to save something in case of an even rainier day- or month! Another factor contributing to the positive market may be because some of the government actions are finally taking effect. The commercial paper lending program started this week, and I heard it's doing quite well. There are signs that the credit market is finally thawing. JP Morgan also announced that they are halting home foreclosures for 90 days and modifying loan terms to help those living in the home and show a "willingness" to pay, which is very nice of them.
Then there is the upcoming elections next week. Historically, regardless of who wins, there will be a rally in the market as investors are more "sure" of the future. From the looks of it, Obama seems like he is half way into White House. Personally I'm not very up to date with the intricacies of politics, so I don't know what the winning of either will mean for the economy. But for those of you who are not sure to which camp you belong to, I did stumble upon an interesting quiz on ABC, where they sum up each candidate's views on certain issues. I am surprisingly more of a Republican than I thought- I got 6 to 7 for Obama. Close call! I guess you have to be a little Republican to be a capitalist.
Employment data will also be coming out next week, where more unemployment is expected. And in the coming weeks, we can also be expecting news of a $600 billion bailout for troubled home loans (which sounds a bit repetitive of what JP Morgan is already doing) and another stimulus package worth $300 billion (tax cuts!). The government is seriously on a serial spending spree!
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Saturday, November 1, 2008
Ctrl BG: A Shortcut to Financial News 11/1
It was a good week for the markets this week. The DOW went up 11.3% for the week- the biggest one-week gain since October 1987 (also the time of the last market crash) and it was generally very positive globally too.
It's actually kind of strange seeing as there wasn't exactly any positive news coming out this week. The GDP data came out and we are officially in a recession with an annual GDP decline of 0.3% in the third quarter. It is expected to continue until at least the first quarter of next year. The consumer confidence index is at an all time low, since they started tracking it in 1967. It fell from 61.4 to 38 in a month- the third steepest drop. Companies continue to report declining earnings. The only highlight is that as a result there are some amazing sales out there. Saks is already taking EXTRA 40% off already reduced items- I got something at 70% off today! If only I had the capital to fully utilize the opportunity. Maybe the market is just so used to all this stuff by now that it has already been factored in and now everyone is just looking for a bargain.
One piece of good news was the Fed cutting its rate again this month by another 0.5% to 1%. Experts were not expecting it to help much, but since the market reacted very positively, I guess they were wrong. The rates are expected to hold from now- or so I hope. They've got to save something in case of an even rainier day- or month! Another factor contributing to the positive market may be because some of the government actions are finally taking effect. The commercial paper lending program started this week, and I heard it's doing quite well. There are signs that the credit market is finally thawing. JP Morgan also announced that they are halting home foreclosures for 90 days and modifying loan terms to help those living in the home and show a "willingness" to pay, which is very nice of them.
Then there is the upcoming elections next week. Historically, regardless of who wins, there will be a rally in the market as investors are more "sure" of the future. From the looks of it, Obama seems like he is half way into White House. Personally I'm not very up to date with the intricacies of politics, so I don't know what the winning of either will mean for the economy. But for those of you who are not sure to which camp you belong to, I did stumble upon an interesting quiz on ABC, where they sum up each candidate's views on certain issues. I am surprisingly more of a Republican than I thought- I got 6 to 7 for Obama. Close call! I guess you have to be a little Republican to be a capitalist.
Employment data will also be coming out next week, where more unemployment is expected. And in the coming weeks, we can also be expecting news of a $600 billion bailout for troubled home loans (which sounds a bit repetitive of what JP Morgan is already doing) and another stimulus package worth $300 billion (tax cuts!). The government is seriously on a serial spending spree!
It's actually kind of strange seeing as there wasn't exactly any positive news coming out this week. The GDP data came out and we are officially in a recession with an annual GDP decline of 0.3% in the third quarter. It is expected to continue until at least the first quarter of next year. The consumer confidence index is at an all time low, since they started tracking it in 1967. It fell from 61.4 to 38 in a month- the third steepest drop. Companies continue to report declining earnings. The only highlight is that as a result there are some amazing sales out there. Saks is already taking EXTRA 40% off already reduced items- I got something at 70% off today! If only I had the capital to fully utilize the opportunity. Maybe the market is just so used to all this stuff by now that it has already been factored in and now everyone is just looking for a bargain.
One piece of good news was the Fed cutting its rate again this month by another 0.5% to 1%. Experts were not expecting it to help much, but since the market reacted very positively, I guess they were wrong. The rates are expected to hold from now- or so I hope. They've got to save something in case of an even rainier day- or month! Another factor contributing to the positive market may be because some of the government actions are finally taking effect. The commercial paper lending program started this week, and I heard it's doing quite well. There are signs that the credit market is finally thawing. JP Morgan also announced that they are halting home foreclosures for 90 days and modifying loan terms to help those living in the home and show a "willingness" to pay, which is very nice of them.
Then there is the upcoming elections next week. Historically, regardless of who wins, there will be a rally in the market as investors are more "sure" of the future. From the looks of it, Obama seems like he is half way into White House. Personally I'm not very up to date with the intricacies of politics, so I don't know what the winning of either will mean for the economy. But for those of you who are not sure to which camp you belong to, I did stumble upon an interesting quiz on ABC, where they sum up each candidate's views on certain issues. I am surprisingly more of a Republican than I thought- I got 6 to 7 for Obama. Close call! I guess you have to be a little Republican to be a capitalist.
Employment data will also be coming out next week, where more unemployment is expected. And in the coming weeks, we can also be expecting news of a $600 billion bailout for troubled home loans (which sounds a bit repetitive of what JP Morgan is already doing) and another stimulus package worth $300 billion (tax cuts!). The government is seriously on a serial spending spree!
NY77: The Coolest Year in Hell
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VH1 Documentary - English - 2007 - 1.28 GB
Download - Torrent TPB
New York City, 1977 - It was a time when the city had fallen into decay, with too few jobs, money, police, schools, and social services. There was a city wide blackout with major looting, a serial killer on the loose, and the Bronx was burning. And yet out of the chaos emerged one of the most creative times any city has ever encountered.
Executive Produced by Academy Award Nominee Nanette Burstein ("The Kid Stays in the Picture"), "NY77: The Coolest Year In Hell" is a two-hour documentary that tells the story of one astonishing year in New York City history. Premiering Saturday, August 11 at 9PM*, the documentary is told chronologically and weaves together the stories of the emergence of hip hop, punk and disco, graffiti art, and sexual liberation. In the background are the major political events and social issues of the day -- crime, urban decay, financial woes, the infamous blackout, drugs, Son of Sam, the bitter mayoral election and the overall poverty that gripped the city.
Out of chaos came creation. From the South Bronx came hip hop. From the Lower East Side, the thrashing guitars of punk. And all over the city, a disco revolution was underway. Elaborate, finely crafted graffiti art decorated the subway cars and break-dancers shimmied in the streets. The sexual revolution was in full swing. In January 1977, most of this activity existed in its own underground bubble. Yet by the end of the year this artistic expression was on its way to mainstream America, and would be with us for generations to come.
The documentary uses groundbreaking animation to help tell the story, and features interviews with those who lived it, including Ed Koch, Geraldo Rivera, Jimmy Breslin, Gloria Gaynor, Afrika Bambaataa, Chris Stein (Blondie), Richard Hell, KRS-One, Grandmaster Caz, DJ Disco Wiz, Legs McNeil, Annie Sprinkle, Al Goldstein, Tommy Ramone, Jellybean Benitez, Lee Quinones, and many more.
Wednesday, October 29, 2008
Halloween Make-Up 2008
I promise this is the LAST Halloween post I'm going to do this year. In case any of you still have not thought of what you want to be , I thought I'd give you one last idea- just go with the crazy make-up. People would be so busy admiring your eyes that they won't have time to care about the rest of your outfit!
Besides Galliano, my two other favourite crazy make-up looks are from Dior (left) and the Lacroix haute couture (right) show. Both redefines the upper and lower part of the eyes making their eyes look HUGE. They are in essence however, the opposite of each other. While Dior uses a sharp white base, Lacroix uses a smokey black base. Either way, I'm loving both of them. Go for the Dior look if you want to look feline and the Lacroix look for something a bit darker. 
A bit more subtly, we have the smokey eyes of the Chanel haute couture (left) and the Balenciaga (right) show. Just go heavy with the eye liner and the smudging. If you do have a costume, these would be more subtle looks for you. You don't want to take away too much from the outfit now do you?
And as for some simple DIY ideas: You can be forks/knives/spoon with alumninium, a piece of steak and ketchup/mustard to go with that. You can be Tetris pieces. Pacman and the ghost. Or a Twister board- just wear white and stick colored dots on yourself and carry the spinning thing!
Happy Halloween everyone!
Image Source: Style.com
Besides Galliano, my two other favourite crazy make-up looks are from Dior (left) and the Lacroix haute couture (right) show. Both redefines the upper and lower part of the eyes making their eyes look HUGE. They are in essence however, the opposite of each other. While Dior uses a sharp white base, Lacroix uses a smokey black base. Either way, I'm loving both of them. Go for the Dior look if you want to look feline and the Lacroix look for something a bit darker. 
A bit more subtly, we have the smokey eyes of the Chanel haute couture (left) and the Balenciaga (right) show. Just go heavy with the eye liner and the smudging. If you do have a costume, these would be more subtle looks for you. You don't want to take away too much from the outfit now do you?And as for some simple DIY ideas: You can be forks/knives/spoon with alumninium, a piece of steak and ketchup/mustard to go with that. You can be Tetris pieces. Pacman and the ghost. Or a Twister board- just wear white and stick colored dots on yourself and carry the spinning thing!
Happy Halloween everyone!
Image Source: Style.com
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