Explain corporate capital
This just in: Rush Limbaugh is an idiot, and political pundits make outrageous statements so that people will pay attention to them. A transcript from his show yesterday:
RUSH: Have you heard this new movie, the Batman movie, what is it, The Dark Knight Lights Up or whatever the name is. That’s right, Dark Knight Rises. Lights Up, same thing. Do you know the name of the villain in this movie? Bane. The villain in The Dark Knight Rises is named Bane, B-a-n-e. What is the name of the venture capital firm that Romney ran and around which there’s now this make-believe controversy? Bain. The movie has been in the works for a long time. The release date’s been known, summer 2012 for a long time. Do you think that it is accidental that the name of the really vicious fire breathing four eyed whatever it is villain in this movie is named Bane?
o, anyway, this evil villain in the new Batman movie is named Bane. And there’s now a discussion out there as to whether or not this is purposeful and whether or not it will influence voters. It’s gonna have a lot of people. This movie, the audience is gonna be huge. A lot of people are gonna see the movie, and it’s a lot of brain-dead people, entertainment, the pop culture crowd, and they’re gonna hear Bane in the movie and they’re gonna associate Bain. The thought is that when they start paying attention to the campaign later in the year, and Obama and the Democrats keep talking about Bain, Romney and Bain, that these people will think back to the Batman movie, “Oh, yeah, I know who that is.” (laughing) There are some people who think it’ll work. Others think you’re really underestimating the American people to think that will work. [RushLimbaugh.com via Gawker]
Capital Markets: Institutions and Instruments (4th Edition)
Book (Prentice Hall)
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They're no different when they're older
You can tell whose competant and who's not.
There are too many SVP types who wear the suit, get the checks and (with barely a high school diploma to justify their credentials) assume authority in that position with no knowledge about it whatsoever. Recruiters are this bad too.
I've had recruiters who were not able to tell me what the job descriptions are because they couldn't compr...hat tells me something about that company.
Corporate America turned into a scuzzy, ghetto mobscene.-they're not even 'underachievers' because underachievers can figure out the obvious. But recruiter types are the kids who proudly drove to Jr. High (and you snubbed in High School)-and they insist on being your boss. It's a total joke. I badly wish I had the capital to start my own company.
Not sure I agree, trebor... (Part 2 of 2)
...just like steel, railroads, and manufacturing never came back to the US, neither will hi-tech.
I think this comes down to how we define the much-too-vague term "high-tech".
It's certainly not going to be life as we knew it, that's a given. But "high-tech" will return to the U.S., in the form of innovation, inventiveness, and entrepeneurship (assuming that investable capital...of what you knew or even what you know, but instead a matter of what you can learn. And that, I firmly believe, will be on the comeback trail. There are many of us who have already proven that we're smart, we learn fast, and we come through; we already did that in one IT world, and there's no reason to think we can't do it in the next IT world, whatever --- and whenever --- that turns out to be.
Uh, short term (usually overnight) Fed loans
Are the backbone of our financial system. I'm not going to explain it to you because, well, I don't feel like it and you proly wouldn't understand. But the article itself makes some good points....
The Fed always does this in times of crisis.
The balance was more than 25 times the Feds pre-crisis lending peak of $46 billion on Sept. 12, 2001, the day after terrorists attacked the ...ity, there was only one place to go.
And they were promised confidentiality, which is kinda important when talking about bank runs!
Even banks that survived the crisis without government capital injections tapped the Fed through programs that promised confidentiality. London-based Barclays Plc (BARC) borrowed $64.9 billion and Frankfurt-based Deutsche Bank AG (DBK) got $66 billion.
How can SV fix its diversity problem?
Most people know there has been a long, and often rancorous debate (with Mike Arrington right smack dab in the middle as usual )
But people agree, there is a lack of diversity, what isn't clear is why and what the solutions are if any.
At the risk of oversimplifying this complex debate, we can see two ideological camps.
One holds that Silicon Valley is a purely race- and gender... as a kind of venture capital or high-tech corporate affirmative action, is expensive and inefficient.
The other believes that biases in the culture and active discrimination prevent qualified women and minorities from entering the field and rising the only way to explain the terribly low numbers from those groups among professionals in STEM generally and in Silicon Valley in particular.
How to explain...
Not so much with the corporate marketing side of things but in financial services (assuming personal financial strategy preparation is the goal) ups and downs are tough to deal with... make a wrong decision or... more likely... allow a client to make a poor decision that wipes out a big chunk of their capital and that's heartbreaking if you're in it for the philanthropic side of the equation.
Marketing heartace should have been said as more of a headache - between managing client expectations/projects/budgets/etc... it gets to be a lot of responsibility - often you'll be asked to wear many different varied hats.
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