“The Bank of England will announce Monday a scheme which will see it lend money to banks in return for collateral in a bid to help the troubled U.K. mortgage market, U.K. Chancellor of the Exchequer Alistair Darling said Sunday Wall Street Journal . Following Business and Financial News in 2008 has been an exciting, mind-boggling, incredulous (mis)adventure. It has become difficult to choose those stories that will remain relevant in the future as part of the social and economic history of this chaotic period. See also http://snurl.com/25asj and http://snurl.com/25aus

read more | digg story
“Nice deal… nationalize risk, privatizes profit.”

digg users comments are themselves very revealing. I don’t think active digg users represent a broad spectrum but I am not sure? Are the demographics on digg similar to other services offering trendy tech tools? young male techies writing for young male techies?

Along with evangelical Ron Paul supporters, there is a very active core group writing anarchist, anti-government, minimal government, avoid-banks-buy-gold, avoid-banks-cash-only diggs with some nasty digg between digg users.

Advertisements

AddThis Social Bookmark Button

work in process

see also related timeline

Belew, Bill. 2007. “ Corporate Bankruptcies climb for third month in a row.” Uploaded January 21, 2007. Accessed June 24, 2007.

Christie, Lee. 2005. “Real estate: When booms go bust: Home prices can and do go down. Here’s what declines have looked like in the past.” CNN/Money. September 19, 2005.

Editorial. 2007. “Family finances under pressure.” Victoria, British Columbia. Times Colonist. June 24. D2.

“Leonhardt, David. 2008. “Economic Scene: Can’t Grasp Credit Crisis? Join the Club.” New York Times. March 19, 2008.

Fitch IBCA, 2006. Fitch Global Structured Finance 1991-2005 Default Study, Nov. 26, 2006.

Huntley, Helen. 2006. “Mortgage Meltdown.” Tampa, Florida: St. Petersburg Times. Uploaded October 2, 2006.

Jayson, Seth. 2007. “Housing Slumps. Who’s Surprised?” The Motley Fool. Uploaded June 25, 2007. Accessed June 25, 2007.

Lawless, Bob. 2007. “Bankruptcy Filings Up 18% in February 2007.” Credit Slips: A Discussion on Credit and Bankruptcy. Uploaded March 6, 2007. Accessed June 24, 2007.

Mann, Bill. 2000. “An Investment Opinion: What a Real Bear Market Feels Like.” >> Fool on the Hill. Uploaded April 26, 2000.

Mason, Joseph R.; Rosner, Joshua. 2007. “Where Did the Risk Go? How Misapplied Bond Ratings Cause Mortgage Backed Securities and Collateralized Debt Obligation Market Disruptions.” Uploaded May 2007. Accessed June 24, 2007.

Miller, Geoffrey P. 2001. “The Role of a Central Bank in a Bubble Economy.” July 16, 2001.

Molony, Walter. 2007. “May Existing: Home Sales Show Market is Under Performing.” Washington. Uploaded June 25, 2007.

Perkins, Broderick. 2001. “California Real Estate Won’t Mirror Silicon Valley Volatility.” >> Realty Times. Uploaded May 18, 2001. Accessed June 24, 2007.

Scott, Amy. 2007. “Mortgage meltdown hits Bear Stearns.” New York: Marketplace. Uploaded June 20, 2007. Accessed June 24, 2007.

Winzer, Ingo. 2005. president of Local Market Monitor, which sells real-estate market analysis to corporate and consumer clients.

Flynn-Burhoe, Maureen. 2007. “Democratization of Debt: Wall Street’s Bear Stearn’s and Tampa’s Mortgage Meltdown.” >> Speechless. June 24, 2007.Flynn-Burhoe, Maureen. 2007. “Democratization of Debt: Bear Stearn & Mortgage Meltdown.” >> Google docs
http://docs.google.com/Doc?id=ddp3qxmz_320dqk9nt

Selected Bibliography and Webliography on the Mortgage Meltdown (content to be added to timeline)

Andrews, Edmund L. 2008-03-16. “Fed Chief Shifts Path, Inventing Policy in Crisis.” << New York Times. March 16, 2008.

Andrews, Edmund L. 2008-03-17. “Fed Acts to Rescue Financial Markets.” << New York Times. March 17, 2008.

NYT’s autogenerated keywords: Federal Reserve System, Bear Stearns Cos, Morgan J P Chase & Co, Treasury Department, Finances, Interest Rates, Stocks and Bonds, United States Economy, Mergers Acquisitions and Divestitures, Bernanke Ben S, Paulson Henry M Jr, Schwartz Alan D, Wall Street (NYC), Washington (DC)

Flynn-Burhoe, Maureen. 2008. “Merrill Lynch Bull Reflecting on Enron.” « oceanflynn @ Digg.

Adobe PhotoShop/Flickr image Tag Cloud of Tse’ (2008) article: Tse, Tomoeh Murakami. 2008. “Economic Downturn Emboldens Shareholder Activists.” Washington Post. February 19, 2008. tag cloud. business economy economics risk.society risk.management banking.sector cyber.citizens Del.icio.us flickr flynn-burhoe semantic.web tagging Tag.Clouds tags corporate.governance CEO activist.investors Wall.Street subprime.mortgages hedge.funds credit.crisis transparency recession Merrill.Lynch

Grynbaum, Michael M.; Bradsher, Keith. 2008-03-17. “U.S. Markets Volatile After Fed Actions. Permalink << New York Times.
March 17, 2008.

NYT’s autogenerated keywords: Stocks and Bonds, International Trade and World Market, United States Economy, Bear Stearns Cos, Morgan J P Chase & Co, Federal Reserve System.” http://www.nytimes.com/2008/03/17/business/worldbusiness/17cnd-stox.html?
ex=1363492800&en=ed6b8e647d5b59ed&ei=5124&partner=permalink&exprod=permalink

Sorkin, Andrew Ross; Thomas, Landon Jr. 2008. “JPMorgan Acts to Buy Ailing Bear Stearns at Huge Discount.” Permalink<< New York Times. March 16, 2008.

Most emailed NYT story March 16-7, 2008. NYT’s autogenerated keywords: “Bear Stearns Cos, Finances, Morgan J P Chase & Co, Federal Reserve System, Cayne James E, Schwartz Alan D, Molinaro Samuel Jr, Banks and Banking, Bankruptcies” My delicious tags: 2008 2008-03 Bear.Stearns bankruptcies banking.industry business finance governance US.economy Wall.Street http://www.nytimes.com/2008/03/16/business/16cnd-bear.html?em&ex=1205899200&en=ca62f6b1b4fd516e&ei=5087%0ASorkin, Andrew Ross. 2008. “Sale Price Reflects the Depth of Bear’s Problems.” << New York Times. March 17, 2008. http://www.nytimes.com/2008/03/17/business/17cnd-bear.html?ex=1363492800&en=8e8e9fbff8c8f606&ei=5124&partner=permalink&exprod=permalink

Tse, Tomoeh Murakami. 2008. “Economic Downturn Emboldens Shareholder Activists.” Washington Post. February 19, 2008.

Tag.Clouds tags corporate.governance CEO activist.investors Wall.Street subprime.mortgages hedge.funds credit.crisis transparency recession Merrill.Lynch << Google docs http://docs.google.com/Doc?id=ddp3qxmz_525cb82bcdn

A revised improved version of “Creative Commons” Adobe Photoshop layered image combining elements from M.C. Escher’s print, Davidhazy’s photo of ripples and a Google generated circumpolar globe. The previous version on Flickr was viewed 22,033 times by 2008-02 (uploaded 2006-10).

read more | digg story

The uber wealthy are the most mobile, the least at-risk to the unintended and frightening by-products of their industries. Pricewaterhouse Coopers reports that 18 % of North American CEOs are not concerned about climate change, while most Americans, the UK and EU are. In Canada these CEO’s have increased their lobbying power over public policy.

read more | digg story

King of Canada: Tom d’Acquino CEO of CEO’s

January 9th, 2007

The Canadian business community has taken the most active interest in politics at the CEO level than any other business community in in the world (d’Acquino cited in Brownlee 2005: 9 Newman 1998:159-160). And this interest and influence has been on the rise in the last decades. Canada’s business community has had more influence on Canadian public policy in the years 1995-2005 then in any other period since 1900.

Look at what we stand for and look at what all the governments, all the major parties . . . have done, and what they want to do. They have adopted the agendas we’ve been fighting for the in the past few decades (cited in Brownlee 2005: 12 Newman 1998:151).

Tom D’Acquino should know as he is the CEO of the Canadian Council of Chief Executives.

While the average North American is becoming increasingly concerned by climate change, a recent report by Pricewaterhouse Coopers has found that fewer than a fifth – 18 per cent – of North American chief executives are concerned about climate change putting them increasingly out of step with their colleagues in Europe and Asia Pacific.

This a current list of the Chief Executive Officers of the Officers of the Board of Directors of the Canadian Council of Chief Executives:

  • Dominic D’Alessandro, Vice Chair Canadian Council of Chief Executives (CCCE) and President and CEO Manulife Financial
  • Thomas d’Aquino, Chief Executive Officer and President of Canadian Council of Chief Executives
  • Paul Desmarais. Jr. Vice Chair President of Canadian Council of Chief Executives and Chairman and C0-Chief Executive Officer of Power Corporation of Canada
  • Richard L. George, Honorary Chair Canadian Council of Chief Executives and President and CEO of Suncor Energy Inc.
  • Jacques Lamarre, Vice Chair of Canadian Council of Chief Executives (CCCE) and President and CEO SNC-Lavalin Group, Inc.
  • Gordon M. Nixon, Chair of Canadian Council of Chief Executives (CCCE) and President and CEO of Royal Bank of Canada
  • Hartley T. Richardson Vice Chair of Canadian Council of Chief Executives (CCCE) and President and CEO of James Richardson and Sons, Ltd.
  • Annette Verschuren Vice Chair of Canadian Council of Chief Executives (CCCE) and President of The Home Depot Canada

For more see: King of Canada: Tom d’Acquino CEO of CEO’s

Technorati spider release

November 1, 2006

In my attempt to understand how Frimr reached its scores I found sites called blogjuice? which led me again to Technorati. I had visited their site before so this time I decided to register. I now have a Technorati Profile. I am now trying to use Technorati to refine searches for key concepts such as memory work, answerability, post-national, ethical topography of self.

I continue to find so many free, useful and fun internet services. Flickr is by far the most entertaining. For keeping track of bookmarks, which I call my webliographies, del.icio.us and swicki offer much more than I could ever have imagined. Swicki even does it with image collages of your individualized tag clouds. I have been learning how to interconnect my Flickr with WordPress and Blogspot. That is also amazing.

Frimr Pumpkin I have decided to no longer keep an account with Frimr, a fictional site that offers to track how famous you are becoming on the Internet. I just could not figure out how to fill in their on-line form. Apparently my score jumped from 0 to 9999 and back down to 0 in a few weeks because of the way I entered my ‘feeds.’ I didn’t even know what a feed was until I tried being a frimeuse. (This term in French for boastful: ‘Link me, I’m famous’ ) Since I am in this for the pure pleasure as well as the teaching, learning and research I prefer not to work too hard to keep track of my score.
del.icio.us | swicki | Technorati Profile | wordpress | Flickr | blogspot | photoblog | digg | gather | thinkfree | Picasaweb | Carleton homepage


Creative Commons

Creative Commons from my online Flickr album is composed of multiple layers. They include a .jpg of the Google Earth generated globe which is inverted, stretched and manipulated in 3 other layers, ripples from an M. C. Escher print and a stunning photo by a Professor Andrew Davidhazy from Rochester, NY. described on a few of the 80, 000+ references to him on Google as modest, talented, a great teacher and a ghost expert for photography. I have just licensed my work on line with the Creative Commons. Their icon lets people know that they can use your work for non-commercial reasons if they attribute it to you; they can make derivatives but they have to share-alike. Of course the challenge with Goggle Images is some of the most stellar images available are difficult to track down in terms of authorship because there are already so many derivatives. This was the case with this drop of water by this well-known professor who continues to do astounding work. I left a comment on his web blog but I re-entered it three times before I realized he had wisely included an administrator’s block for unedited entries. It may take him ages to even check his comments. When he does he will find to his annoyance in his busy life, that I’ve inadvertently left three. More than that I just emailed him instead of Flckr’s team re: emailing our Flickr photos to WordPress. He is going to put me on his ‘block permanently list.’

An Inuit friend reminded me that many Inuit of Canada view the world from a circumpolar point of view. In honour of my Inuit friends and students from time to time I view the earth through their lens. I positioned then froze the globe from a circumpolar point of view using a Google save screen option. So I have geotagged this to the north east of Baffin Island, perhaps somewhere near Pond Inlet. Hello to the family of Julia and Ernie! Their family photo in their traditional clothing taken when they visited you in Pond Inlet in 2005, is framed and hanging in our home on Vancouver Island.