WALL STREET – NEW YORK STOCK EXCHANGE
This 3D footage on the NY Stock Market in Wall Street is available for purchase at : mleconte@noos.fr
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This 3D footage on the NY Stock Market in Wall Street is available for purchase at : mleconte@noos.fr
MORE GLOBAL INTEGRATION this is the platform to launch more global regulations. Global Government- New World Order German, US exchanges in merger talks www.marketwatch.com TSX, London Stock Exchange to merge www.cbc.ca NYSE Euronext says it’s in merger talks with Germany’s Deutsche Boerse ca.news.yahoo.com NYSE traders say yes to Germany, no to lederhosen www.reuters.com TSX, London Stock Exchange to merge www.cbc.ca Why Are The London And Toronto Stock Exchange Groups Merging? www.businessinsider.com What does the TSX-LSE merge mean for Toronto? www.torontolife.com
Wall Street Journal report Scott Patterson explains how math geniuses developed a new approach to financial trading . . . and almost brought Wall Street down while making themselves wildly wealthy.
Sandra Navidi von Roubini Global Economics erklärt die Hintergründe und Konsequenzen der ‘neuen’ Immobilienkrise in den USA. Ungenauigkeiten bei Zwangsvollstreckungen und falsch ausgewiesene Hypotheken machen dem Sektor zu schaffen. Um die Quellen dieser Verfehlungen aufzudecken, stehen nun langwierige Gerichtsprozesse an.
Today’s day trading lesson from www.TheStockBandit.tv discusses some important levels in the major stock market averages for this week’s trading.
Today’s day trading lesson from www.TheStockBandit.tv discusses some important levels in the major stock market averages for this week’s trading.
Neue Zahlen der UN-Organisation für Ernährung und Landwirtschaft belegen, dass die Lebensmittelpreise so hoch sind wie seit zwei Jahren nicht mehr. Während die UN keinen Grund zur Sorge sieht, sprechen andere Experten seit längerem von der Gefahr eines “Food Shocks”. In “Inside Wall Street” spricht Sandra Navidi von Roubini Global Economics über die unterschiedlichen Einflussfaktoren auf die Lebensmittelpreise. (Sendung vom 17.09.2010)
I am a new Day Trader, and I decided to put up some videos on here so that people can get an idea of what it is like being a beginning trader. If you are interested in Day Trading or want any help regarding books to read and such on the subject, just let me know. Have a good day! Wednesday was a perfect day to show examples of common errors that beginners make, and I made a lot of them. Learn from my dumb choices.
As the Dow plays peek-a-boo with 12000, economist Nouriel Roubini discusses the market’s rebound. www.forbes.com
Can you please tell me what you think of this essay on John Thain
BEST ANSWER TO THE FIRST PERSON TO SAY ITS GOOD OR BAD AND WHY
You know, it’s funny how you think of people. You can think of a person one way today and a totally different way tomorrow. John A. Thain went from being the most popular man on Wall Street to one of the most shamed, in only a few months. For five years, from May 1999 to January 2004, he was the president and chief operating officer of Goldman Sachs. In January 2004, he moved to the NYSE, or The New York Stock Exchange, until December 2007. He was the CEO of the NYSE and got credited with fixing it. He was hired for that position because Richard Grasso was mainly getting paid too much. Then in December 2007 Thain moved to Merrill Lynch (“John A. Thain”). After Lehman Brothers closed someone form the New York Times said, “he was seen as the Clark Kent of Wall Street, the mid-mannered executive with a square jaw and glasses who kept “Mother Merrill” from following Lehman Brothers into bankruptcy. Some even mentioned him as a possible successor to Mr. Lewis” (Creswell, Julie, and Louise Story). Mr. Lewis is the CEO of Bank of America. John Thain made Merrill Lynch so well known that when many people heard Wall Street, they thought of Merrill Lynch, or when they heard Merrill Lynch they thought of Wall Street. He did this by taking the wreck it was in after E. Stanley O’Neal left it in the subprime mortgage crisis, and turned Merrill Lynch into the most kwon brokerage firm. Although John Thain sounds like a financial hero, he’s not. Sometime in September 2008, he sold Merrill Lynch which had been around for 95 years, to Bank of America for about billion. Today both companies combined are worth only about billion (Croswell, Julie). What a rip off.
In the beginning of 2008, leading up to the sale of Merrill Lynch, Thain spent about .2 million redecorating his office, as Merrill Lynch was laying off employees. Thain spent somewhere from ,200 to ,400 on a parchment and fine leather trash can, from East Side Antique store, as well as many other over expensive items. Max Makushim, the store’s assistant manager said that, “It’s more fun to throw stuff in the expensive one” (Mallat). This was said soon after the daily news had a paper toss test, with the expensive one and a dollar one. Max was also calling the garbage can a bargain because other versions he had go for ,750. He also stated that the trash cans aren’t really priced to move. He said, “No one buys the trash cans. And usually our customers don’t flinch at spending thousands of dollars for things like this. But there aren’t any benefits. It’s just purely aesthetic” (Mallat). He also stated that they’re not any good for use in the kitchen, bedroom or even the TV room saying, “These are only good for paper, I wouldn’t risk it for any other kind of trash. You would ruin it” (Mallat). After the media found out about this, the public reacted in a negative way. In response to the negative public reaction, Thain said, “They were a mistake in the light of the world we live in today. I will therefore reimburse the company for all the costs incurred” (Edmonston). What was he thinking when he spent that much money on garbage can that if it gets wet will get destroyed? CNBC reported that Thain hired the Los Angeles decorator, Michael Smith, which President Obama and his wife recently chose to redecorate the White House. During a CNBC interview about the renovations Thain said, “that former Merrill Lynch CEO Stan O’Neal’s office was very different than the general decor of Merrill’s offices. It really would have been very difficult for me to use it in the form that it was in. . . . It needed to be renovated no matter what. I should have simply paid for it myself” (“John Thain defends”). It seemed to work for Stan O’Neal so why couldn’t it work for Thain. Floyd Norris, the chief financial reporter of The New York Times and The International Herald Tribune said, “I hope he enjoyed the furniture. It cost Merrill about a million bucks. It cost Mr. Thain his reputation” (Norris). On a blog site someone responded to the spending:
Do you consider it ethical or unethical to ask for a new desk at work? Have you considered that, expressed as a percentage of your salary, the two scenarios you getting a new desk, and him remodeling his office, are roughly equivalent? This wasn’t about ethics; it was about morale, and being comfortable in the room where you spend the majority of your time. Plus, the argument could be made that his spending was even more appropriate, because he, like all senior bankers, would consider working about 100 hours per week to be shamefully selfish and unprofessional. So given that he might spend 3x as much time in that office as you spend in yours, and that he spent about as much remodeling his office, as you would spend on requisitioning a new desk, on a % of sal