Showing posts with label Check. Show all posts
Showing posts with label Check. Show all posts

Sunday, February 5, 2012

If You Thought Last Week Was Wild, Check Out What's Coming This Week

  x You have successfully emailed the post. Last week was incredibly volatile for the market, as the news flow was massive in the US, Europe, and China.

This week should be another biggie, just based on the economic data on tap.

Each day there will be big earth movers coming.

Monday:

ISM manufacturingConstruction spendingVehicle sales

Tuesday:

Factory ordersChain store sales

Wednesday:

Jobs week begins with the ADP reportAlso: ISM non-manufacturing

Thursday

FRIDAY:

THE JOBS REPORT!!!Consumer credit

Here's the outlook on the jobs report from Nomura:

Employment report: We are forecasting an increase in total nonfarm payrolls in September of 60k, with private payrolls increasing 80k and manufacturing payrolls rising by 5k. Assuming no revisions to past data, a data release in line with our forecast would lead to a 3-month moving average for job creation of just 48k in September, sharply slower compared with a high for 2011 of 215k in April, and further ruffling the feathers of the doves on the FOMC that would like to provide more stimulus for the labor market. The economic outlook remained “unusually uncertain” in September, still fuel led by fears of European contagion and stock market volatility. The Verizon strike of 45k workers, which negatively impacted August payrolls, should provide a boost to September payrolls of similar magnitude. Elsewhere, we believe the average work week ticked back up to 34.3 hours and average hourly earnings increased by 0.2% following a decline of 0.1% in August. We also forecast that the unemployment rate held steady at 9.1%.

Meanwhile, expect a ton of news from Europe, the US (watch the banks, especially in the wake of California's decision to drop out of the foreclosure-gate settlements, and the newfound concerns about Morgan Stanley) and of course any drips and drabs out of China.

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Saturday, October 1, 2011

Check Out These Awesome Pictures Of The New Adidas HQ In Germany

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Sportswear giant Adidas has revamped its huge headquarter in Herzogenaurach, Germany.

1,700 Adidas staff members will be in the new space, which features intertwining walkways in an atrium that resemble shoe laces and numerous nooks and crannies designed to enable team work and creativity.

The Berlin-based design team KINZO worked with architecture firm kadawittfeldarchitektur to create the workspace.

(h/t Contemporist)

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Saturday, September 17, 2011

Check Out These Crazy Potato Chip Flavors That Are Popular In China

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In the Western world, we all have our favorite things. Favorite beer, favorite TV shows, favorite flavor of ice cream. We get used to these things. They become the comforts of our lives. We even have our favorite flavor of  potato chip, right?

What happens though, when we leave the comforts of our world to go live in a completely strange and unusual land where our favorite things are thousands of miles away?

There’s not much you can do except find new favorites. If you are considering becoming an expat in China, it may make you happy to know that China has an abundance of Lay’s Potato Chips.

But before you get too excited, you need to know that the flavors in China are completely different from those of the western world. Here, to make your transition to The Mysterious Orient that much easier, are the Top Ten flavors of Lay’s Potato Chips in China.

This post originally appeared at Gunaxin Grub.

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Check Out These Cross-Dressing NFL Players In The Most Ridiculous Sports Card Series We've Ever Seen

Coca-Cola Monsters of the GridironI reflexively grow suspicious whenever an athlete uses himself for any promotional purpose, and the more out-of-character the appearance is, the more suspicious I get. Whenever I hear of a player "having some fun on the set," or hear a guy say through his agent that he "had a really great time" at a photo shoot, my level of suspicion immediately ramps up to critical levels.

Click here to see the cards >

These guys are like most people, in that they aren't socially energetic extroverts. They're the Straight Man in every commercial. They stand there like a prop as Rabid Fan hatches a Crazy Plot with Other Rabid Fan. They're passable on billboards with milk mustaches only because they aren't moving.

When you read a promotional puff piece of the promotion (An advertisement of an advertisement! We are all insane!) and see a photo of Dan Marino smiling and sort of half-hugging the commercial director's production assistant, he is not, as the caption will claim, "clowning around on the set."He is a dog in a crate, hungry, thirsty, terrified, desperate to get off the plane. I feel awful. What are you doing to this man? Why would I make myself a participant in this agony by purchasing your product? What are you selling again? God, man, who cares?

I think I'm really exaggerating here, just because that's the way I would be in such a situation. I'm sure that every day, athletes take photo shoots, commercials, what have you, in stride. They do what they need to do, and it isn't a big deal.

In this case -- the case of this Monsters of the Gridiron football card set -- I know I'm not exaggerating. Look in their eyes! They wish they were dead.

These really may be the dumbest cards in the history of Sports Cards For Insane People. Deep breath. (And once again, I have delved into the unbelievably throrough depths of Check Out My Cards to find these monstrosities.)

This post originally appeared at SB Nation.


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Tuesday, September 13, 2011

Check Out Where The Baltic Dry Index Is

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The Baltic Dry Index -- which is just an index of shipping rates -- has a lore about it for being a really good economic indicator.

But in reality, it's not much of an indicator of anything beyond... shipping rates. And that's because it's idiosyncratic, moving on its own micro economic factors.

Case in point: Right now the BDI is at its highs of the year!

Here's Lazard Capital on the closely-related Baltic Cape Index:

Dry Bulk: Capesize rates are profitable for now but do not expect such to
be lasting.  The Baltic Cape Index continues to hit new highs for the calendar
year with rates at ~$27,000/day on average on the back of firm Chinese
demand for iron ore and steady demand for coal supported by stabilizing
commodity prices, moderating Chinese domestic inflation and steady domestic
demand despite some overall slowing in export demand.  As well, the Cape
fleet has been experiencing record scrapping this year.  Still, the fleet remains
markedly oversupplied and this condition should exist well in to 2012.  We
have been expecting moderate spikes in Cape rates and we feel this current
moderate spike is not the last spike that we shall see over the next 12 months
(today’s rates are still well below the $40,000/day average rates we say for
Capes in October 2010).  Given that there will likely be spikes in freight rates
despite a slow GDP growth regime globally, the dry bulk market is not nearly
as out of balance as the bears would suggest.

Anyway, one other reason we point this out now is that we frequently hear about the BDI when it's down and stocks are up. People don't bring attention to it as much when it's up and stocks are down.

chart

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Sunday, September 11, 2011

Check Out What's Left Behind Of Gaddafi's Creepy Secret Love Den

Content Section Sep 8, 2011 11:10 AM EDT

A few times a year, Muammar Gaddafi ventured out to the campus of Fateh University in Tripoli to deliver lectures to students in Green Hall, a 450-seat auditorium with a large stage. None of the students or faculty could have guessed what the Saharan madman kept hidden on the first floor of the same building: a love den. “What we found is shocking,” says Faisal Krekshi, 55, the new dean of the university which has now been renamed Tripoli University. “This was Gaddafi’s place. Only he and his people had access to it.”

Behind a set of locked doors there’s a room with a cozy double bed, flowery carpets, and small lamps that casts off a warm orange glow. In an adjoining bathroom there’s a Jacuzzi with water jets. Some faculty members say the dictator brought his mistresses to the room, others ask whether he raped female students there. It gets weirder. A couple of doors down there’s a full gynecological examination room. “There’s a gyne bed—what the hell is it doing in here?” asks Krekshi, an OB/GYN doctor who has worked at the university for 14 years but had no knowledge of the facility. “I think it’s here for illegal abortions.”

As the security situation in Tripoli has improved in the past week, Libyans are slowly coming to terms with Gaddafi’s bizarre legacy and trying to figure out how to move ahead. They must decide how to remove the former regime’s influence without completely destroying the remaining institutions, and how to deal with the loyalists who propped up the dictator for more than four decades. The changes taking place at Tripoli University provide a glimpse of how difficult the task will be. Aside from the love den, rebel fighters who secured the campus also found a makeshift prison and an office used by intelligence chief Abdullah Senussi.

Gaddafi's Love Den

A bedroom at Fateh University in Tripoli., Credit: Babak Dehghanpisheh

During Gaddafi’s time, the campus was monitored by Revolutionary Committees who determined which instructors and students would get preferential treatment based on their loyalty to the Brother-Leader. Spying and informing on peers was encouraged, and dissent was brutally squashed: students involved in an uprising in 1976 were hanged on the campus. The monitoring of staff and students ramped up when the uprising kicked off in February. “There were intelligence documents found at the university which talk about staff members who need to be eliminated,” says Krekshi.

So far, Krekshi has decided to proceed with a soft touch, and members of the Tripoli city council have supported him. When some students and faculty members asked him to tear down the Green Hall, he told them to remove the regime propaganda and turn it into a student union instead. Bringing former regime supporters into the fold is more complicated. Krekshi, a thin, soft-spoken man, doesn’t want to kick off a broad purge and says any staff members who weren’t involved in crimes are welcome to come back. That’s a controversial decision on a campus that’s still gripped with fear and paranoia.

Gaddafi's Love Den

Tripoli University Dean Faisal Krekshi shows the press gynecological equipment in an examination room at the school., Credit: Babak Dehghanpisheh

On Wednesday morning, a handful of professors confronted Kreskshi. “We are scared! We are scared of the Revolutionary Committees!” Mohammed Marqani, a psychology professor shouted, waving his arms theatrically. “Please kick out the loyalists! What are you waiting for?” Krekshi assured Marqani that the issue would be dealt with in an open manner and there was no reason to worry. “They want revenge,” Krekshi said after talking to the professors. “My revenge is simple: transparency, legality, law.”

Still, Krekshi can’t completely ignore his own impulses, either. While walking through a campus library dedicated to Gaddafi, he grabs a silver disk praising the dictator, throws it on the ground and steps on it. A few moments later he pulls out a leather-bound book of Gaddafi’s speeches, throws it on the ground and tells the staff to leave it there. “If you were pro-Gaddafi until two weeks ago,” he says. “’You can’t change colors immediately.”

Libya Gadhafi Condoleezza Rice

Sergey Ponomarev / AP Photo

The regime loyalists may not be the only group that Krekshi will have to keep an eye on. When the rebels attacked Tripoli nearly two weeks ago, the large, leafy campus was turned into a battle zone: pro-government snipers positioned themselves on tall buildings and patrols roamed the perimeter. Krekshi was part of a team of rebel sympathizers who were tasked with liberating the university. At the designated “zero hour” on the night of Aug. 27, he coordinated an assault on the campus along with a rebel military commander and a fighting force that included some students. Now, some of those students who fought to liberate the campus are digging in, keeping an eye out for any counterrevolutionary elements and, in some ways, monitoring Krekshi himself.

For the moment, the staff and students are simply enjoying the freedom to speak and debate openly at the university for the first time in more than 40 years. “It’s very beautiful. It’s a new feeling,” says Halima Egrari, 20, a third-year IT student at the university. “We can say whatever we want.”

Thursday, September 8, 2011

Bank Of America Just Became A Totally Different Beast. Check Out All The Changes (BAC)

Up to 600 branches could close in Bank of America's split into two separate consumer and commercial units, according to CNN.

But that's not the only change apparent at the bank. The restructuring could also cut 30,000 jobs, 10.5% of the bank's employees.

Reports of possible closings and layoffs come on the tail of a major management shakeup that was necessary in order to divide Merrill in half.

Merrill's wealth management division (brokers) will now be part of Bank of America's gigantic consumer division and report to David Darnell. Merrill's institutional investment banking and trading division will now report to Tom Montag. This seems tantamount to cutting the firm in half.

The re-org also saw the departure of Sallie Krawcheck and Joe Price, two top officials and the creation of two COO positions where there was none.

The two new COO's will be Tom Montag and David Darnell. 

David Darnell will be overseeing the bank's retail brokerage and consumer units. He started as a credit analyst for the company in 1979. Since then, he's served as executive VP and Commercial Division executive for the bank in Florida, headed consumer and commercial operations in the central U.S., led the bank's Middle Market Banking Group (for four years), and headed a team that took care of all bank services in one in three mid-sized business across the country.

According to Forbes, it's Merrill's old brokers who could be feeling the most sore about Darnell's appointment. Sallie Krawcheck was their advocate at the top, and now they're afraid Darnell will continue to try to change their culture or compensation. To the former he has said little to assuage their fears. To the latter, according to the NYPost, he has already made moves to ensure bankers that their compensation structure would remain untouched.

Tom Montag is responsible for all of the businesses that serve companies and institutional investors. Before that, he was president of Global Banking and Markets at Bank of America Merrill Lynch. He joined Merrill in 2008, before its merger with Bank of America.

And before that he was at Goldman Sachs for 22 years, where he held a number of executive positions, including co-head of Asian FICC and Equities and the bank's global securities business. All of that boils down to one e-mail, though -- an e-mail read during a Senate committee hearing where he discussed  "one shitty deal" the bank made on CDO Timberwolf.


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Tuesday, September 6, 2011

Check Out These Norwegian Architectural Gems

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A great example of progressive government policy: In 2005 Norway launched The National Tourist Routes: a vast 15-year campaign re-evaluating the concept of tourism by transforming it into a culturally active product.

To achieve that the government turned to a stellar congregation of designers & architects like Margrete Friis, Peter Zumthor, PUSHAK arkitekter, Code Arkitektur, Manthey Kula, Snøhetta, and Jensen & Skodvin to name only a few, with a request to create their own stunning yet nature-aware rest stops, observation decks and other small-scale architectural jewels.

The architectural objects are already effectively shaping the vastly attractive new face of the planned tourist routes spanning from the southern town of Jaeren to the northern city of Varenger.

Hopefully, a move that will not only generate greater tourist activity for beautiful Norway but will also inspire other governments to follow in these footsteps. It is a fact worth noting, the launch of the National Tourist Routes government initiative has been followed up by a number of equally inspiring and nature-regarding commissions by foundations, national parks and private investors in Norway.

The beautiful architectural gestures — often so small-scale or subtle that their part in the tourist route experience can almost go unnoticed — bravely fight back concerns that due to the pragmatic present-day nature of state level decision-making in Norway nature-going has lost the previous charm of Nordic tourism. They imbue the landscape with points of view and the cultural and historical heritage of spaces, which all contribute to what we perceive as "the spirit of a place" and what actually make us remember it, love it, go back to it.

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Thursday, September 1, 2011

Check Out These Photos Of This Ultra Creepy Russian Hospital

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The hospital in Vyksa, located in the Nizhny Novgorod region, looks like an abandoned building. 

This post originally appeared on Buzzfeed.

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Wednesday, August 31, 2011

PHOTOS: Check Out Amazing Pictures From London's Notting Hill Carnival

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With London still tense after riots earlier this month, police were taking no chances with this weekend's Notting Hill Carnival, flooding the zone with 6,500 police officers.

The carnival began in 1964 as a way to celebrate the culture of London's Afro-Caribbean communities. By the 1990s, it had become the biggest street party in Europe, regularly attracting over a million revelers from all over the globe.

In later years, the carnival became synonymous with gang violence, and despite police efforts, this year was no different, with one man stabbed.

Despite the violence, arrests were relatively low this year, and most people simply gathered to enjoy the incredible costumes, reggae soundsystems, and amazing jerk chicken.

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