1. Arriving late.
2. Arriving too early.
3. Lighting up a cigarette, or smelling like a cigarette.
4. Bad-mouthing your last boss.
5. Lying about your skills/experience/knowledge.
6. Wearing the wrong (for this workplace!) clothes.
7. Forgetting the name of the person you're interviewing with.
8. Wearing a ton of perfume or aftershave.
9. Wearing sunglasses.
10. Wearing a Bluetooth earpiece.
11. Failing to research the employer in advance.
12. Failing to demonstrate enthusiasm.
13. Inquiring about benefits too soon.
14. Talking about salary requirements too soon.
15. Being unable to explain how your strengths and abilities apply to the job in question.
16. Failing to make a strong case for why you are the best person for this job.
17. Forgetting to bring a copy of your resume and/or portfolio.
18. Failing to remember what you wrote on your own resume.
19. Asking too many questions.
20. Asking no questions at all.
21. Being unprepared to answer the standard questions.
22. Failing to listen carefully to what the interviewer is saying.
23. Talking more than half the time.
24. Interrupting your interviewer.
25. Neglecting to match the communication style of your interviewer.
26. Yawning.
27. Slouching.
28. Bringing along a friend, or your mother.
29. Chewing gum, tobacco, your pen, your hair.
30. Laughing, giggling, whistling, humming, lip-smacking.
31. Saying "you know," "like," "I guess," and "um."
32. Name-dropping or bragging or sounding like a know-it-all.
33. Asking to use the bathroom.
34. Being falsely or exaggeratedly modest.
35. Shaking hands too weakly, or too firmly.
36. Failing to make eye contact (or making continuous eye contact).
37. Taking a seat before your interviewer does.
38. Becoming angry or defensive.
39. Complaining that you were kept waiting.
40. Complaining about anything!
41. Speaking rudely to the receptionist.
42. Letting your nervousness show.
43. Overexplaining why you lost your last job.
44. Being too familiar and jokey.
45. Sounding desperate.
46. Checking the time.
47. Oversharing.
48. Sounding rehearsed.
49. Leaving your cell phone on.
50. Failing to ask for the job.
Showing posts with label FYI. Show all posts
Showing posts with label FYI. Show all posts
Mar 16, 2010
Feb 20, 2010
OT tiet heuy
Hav meeting on Sat and Sun...hmmmm...n leave for SR on Monday..ll b back next week...
No time to fix my header yet...ll try...
No time to fix my header yet...ll try...
Jan 22, 2010
Toyota recalls 2.3M US vehicles to fix gas pedals
By DAN STRUMPF and STEPHEN MANNING
NEW YORK – Toyota said Thursday it is recalling 2.3 million vehicles in the U.S. to fix accelerator pedals that can become stuck, the latest in a string of quality problems that have bedeviled the Japanese automaker.
The recall affects the 2009-2010 RAV4, the 2009-2010 Corolla, the 2009-2010 Matrix, the 2005-2010 Avalon, the 2007-2010 Camry, the 2010 Highlander, the 2007-2010 Tundra and the 2008-2010 Sequoia. more...
NEW YORK – Toyota said Thursday it is recalling 2.3 million vehicles in the U.S. to fix accelerator pedals that can become stuck, the latest in a string of quality problems that have bedeviled the Japanese automaker.
The recall affects the 2009-2010 RAV4, the 2009-2010 Corolla, the 2009-2010 Matrix, the 2005-2010 Avalon, the 2007-2010 Camry, the 2010 Highlander, the 2007-2010 Tundra and the 2008-2010 Sequoia. more...
Nov 30, 2009
'Telepathic' car symbolises Cambodian car industry hopes
By Chan Sovannara (AFP) PHNOM PENH — The gold-coloured convertible turns heads on impoverished Cambodia's roads -- not least because of creator Nhean Phaloek's outlandish claim that it can be operated telepathically. Read more
Interesting heh...wanna drive this too....hope i'd fit in the car...kik kik
Sep 11, 2009
Sept 11
Today is Sept 11, nothing to do with the terrorism in the states, but well,,it is my very bad day....
Aug 20, 2009
Hard to get access to blogger mess nor...
Lately, i have some difficulties accessing blogger these days!!!
don't know whether cuz of problem at workplace or of blogger.
can anyone comment?
So please don't mind me all my dear friends that i haven't dropped by ya page lately...
don't know whether cuz of problem at workplace or of blogger.
can anyone comment?
So please don't mind me all my dear friends that i haven't dropped by ya page lately...
Aug 18, 2009
REliEF but Uhmmm
If RelIEF? Y But? Y Uhmmm? Well,,,,i feel rather relief for the result i got, my wish has been replied!
The But and Uhmm is that some of my friends' result is not that satisfactory!
Su Su Su everybody....including me *.*
The But and Uhmm is that some of my friends' result is not that satisfactory!
Su Su Su everybody....including me *.*
Aug 7, 2009
123456789
Do you know that today August 7, 2009
At 12hr 34 minutes and 56 seconds
the time and date will be
12:34:56 07/08/09
1 2 3 4 5 6 7 8 9
May 7, 2009
Looking for New Phone :)
Sony-Ericsson T707 Tom sent me the link to this phone just now!!!
Available in Cam nov ot deng te? how much kor ot deng der...
Just know it looks cute!!! Pink is my color tiet na....loy morng..need to find sponsor heuy pel nis!! Mom & Dad? Bro? who else interested in sponsoring me?
Apr 1, 2009
Som Kossomavattey = Som + DoDo
It is not an equation, but it's sth similar.
Remember the wedding i post during June? if not, click here!!
This kid is Bong Kossom and Dodo's daughter. Cute and lovely nas. Pinky pinky lil gal.S.o said Kosoma mean Phkar malis. So i think her English name should be "jasmine"hehe..no approval from her parents yet, actually. But i heard her nickname at home is "Srey Or"
Any comment? who does c look like the most? daddy or mommy?
Cham merl merl, thom tech tov, mech tiet?
Stay tuned....to b continued...
Mar 23, 2009
Consultation fee (in kind only)
Consultation Agreement
This is the list of items for any FRIEND who request for consultation from TD:
- New vase
- New mug
- Cake
- Chocolat (near Royal Palace)
- Coffee-plus or T&C
- Candy (no milk)
- To be cont’d .....
- Upon request (anytime, and no maturity)
To be received by TD + Bong Ny + Polin + Tom
Sign: v70 (My first client to be applied)
Date: 23/03/2009
Witness: Bong Ny, A Polin (called a Chrech), A Tom, Nita
Feb 26, 2009
In Sihanouk's words: the Cambodian monarch's private archives
PARIS, Feb 25, 2009 (AFP)
After abdicating in 2004, the self-proclaimed "king-father" of the country, now aged 87, handed France his personal archives last January for safe-keeping at the National Archive.
"Rarely does a foreign head of state give archives to another country," said Olivier de Bernon, head researcher at the Far-East French Institute (EFEO) and the first to browse the "historically significant" papers.
"The archives were never in Cambodia, but came directly from Sihanouk's home in Beijing," said de Bernon.
It took him two years, with the help of two researchers and an archivist, to sift through the king's 10,000 photographs and one million documents. An inventory of the "Sihanouk Fund" is to be published this year.
....
A one-time sympathiser of the extremist Cambodian communist movement nicknamed "the red prince" during the Vietnam War, it was the king himself who came up with the name "Khmer Rouge" in 1960.
But de Bernon said Sihanouk was never a supporter of the extremists, with five of his children and 14 grandchildren killed under the murderous Khmer Rouge regime, which left a total of two million Cambodians dead.
...
"Sihanouk has a literary style that shines through in his letters, speeches and thousands of drafts," said de Bernon.
A workaholic with a wide variety of interests, Sihanouk wrote poems, songs and even recipes, and played the saxophone and piano. He could sing in a dozen languages, sometimes for four or five hours at a time, and shot dozens of films glorifying Cambodia.
Source: Click here
After abdicating in 2004, the self-proclaimed "king-father" of the country, now aged 87, handed France his personal archives last January for safe-keeping at the National Archive.
"Rarely does a foreign head of state give archives to another country," said Olivier de Bernon, head researcher at the Far-East French Institute (EFEO) and the first to browse the "historically significant" papers.
"The archives were never in Cambodia, but came directly from Sihanouk's home in Beijing," said de Bernon.
It took him two years, with the help of two researchers and an archivist, to sift through the king's 10,000 photographs and one million documents. An inventory of the "Sihanouk Fund" is to be published this year.
....
A one-time sympathiser of the extremist Cambodian communist movement nicknamed "the red prince" during the Vietnam War, it was the king himself who came up with the name "Khmer Rouge" in 1960.
But de Bernon said Sihanouk was never a supporter of the extremists, with five of his children and 14 grandchildren killed under the murderous Khmer Rouge regime, which left a total of two million Cambodians dead.
...
"Sihanouk has a literary style that shines through in his letters, speeches and thousands of drafts," said de Bernon.
A workaholic with a wide variety of interests, Sihanouk wrote poems, songs and even recipes, and played the saxophone and piano. He could sing in a dozen languages, sometimes for four or five hours at a time, and shot dozens of films glorifying Cambodia.
Source: Click here
Feb 25, 2009
Bank Bank Banksss...
Having read a few articles of today on google and VOA, bank bank bank...so how can Cambodian tackle the current crisis? and what are the reactions from those banks and also from the gov't?
Help Promote Growth, Keat Chhon Urges Banks
By Ros Sothea, VOA Khmer Original report from Phnom Penh24 February 2009
Finance Minister Keat Chhon on Thursday urged commercial banks to expand their loans as a counter to the global economic slowdown, which has already lowered projected growth for the country.
“Banks have to play a role in helping the economy,” Keat Chhon told VOA Khmer. “Now the government has arranged for them to take a role by lowering the reserve requirements.”
In September 2008, the National Bank increased reserve requirements for commercial banks, from 8 percent to 16 percent, to help secure deposits. But Keat Chhon said that requirement will now be lowered to 12 percent.
Adjustments to the banking sector come amid a credit crisis in America that has led to a recession and global financial uncertainty.
In Cambodia, the crisis has hurt garment manufacturing, construction and tourism—three pillars of the economy—and the World Bank recently lowered its growth forecast for the country, to 4.9 percent, compared to a rate of 7 percent in 2008.
In Siphan, head of the credit division for Acleda Bank, said the decrease of reserve requirements will allow his bank to have more cash ready for credit and loans, from about $470 million in 2008 to $700 million in 2009.
“We have enough cash to lend,” he said. “We can provide any kind of credit, because we will increase our loans about $300 million.”
Other major banks like ANZ Royal, Cambodian Public and Japan Maruhan are committed to expanding their loans as well.
However, In Siphan said even with banks expanding their loans, only a limited number of investors is currently looking for credit.
Sam Ganty, a financial expert at the Royal University of Law and Economics, said loan expansion by commercial banks would provide more cash flow for investors, which could help Cambodia escape the most serious impact of the financial crisis.
He suggests lowering the reserve rate even more, though, as local banks are not able to find capital from foreign banks.
“The reserve requirement should be as low as 8 percent, so the banks will be able to increase money lending,” he said.
Tal Nay Im, director of the National Bank, said the central bank has no plan to lower reserve requirements further. Commercial banks will have to find resources through foreign lenders to continue their operations, she said.
My reaction: 8% of reserve requirement was what previously levied by NBC, and then v increase, and later on reduce to now 12%. What should the appropriate level of reserve requirement be? Mkt descipline vs gov't intervention is sth hard to justify, yet over-reaction on sth is not good, i believe. I hope i'd get more expertise on discussing such matter.
Advanced Bank of Asia, Cambodia Goes Live on Oracle FLEXCUBE Universal
Banking
Source: Equity BullsPosted On: 2/23/2009 11:49:17 PM
Mumbai, India - February 24, 2009: Oracle Financial Services Software Ltd. today announced that Advanced Bank of Asia (ABA), Cambodia has gone live on Oracle® FLEXCUBE Universal Banking.Oracle FLEXCUBE is providing the bank with a next-generation transaction-processing platform, enabling faster responses to customer needs and improving operational and cost efficiencies.Completed in six months, the project at ABA is the first Oracle FLEXCUBE implementation in Cambodia.ABA has implemented Oracle FLEXCUBE across its corporate and retail banking operations.ABA selected Oracle FLEXCUBE Universal Banking for its ability to seamlessly adapt to local requirements.Oracle FLEXCUBE is providing ABA with a flexible, scalable banking platform, enabling it to offer new products and services, served across multiple channels including ATM and Internet, in the shortest possible timeframe."The Cambodian banking industry is going through a transformation, and we are happy to note that our decision to implement Oracle FLEXCUBE and its successful, on-time implementation has given us a real competitive advantage. With the successful implementation of Oracle FLEXCUBE, we will now be able to bring new products to the market and rapidly scale to address the growing demand for banking services in Cambodia," said Elona Romanova, an official for Advanced Bank of Asia.The stock was trading at Rs.685, up by Rs.12.10 or 1.80%. The stock hit an intraday high of Rs.694.75 and low of Rs.647.The total traded quantity was 45667 compared to 2 week average of 65810.
Not to advertise ABA cuz professionally i should not and i won't do also. hehe..here is just the news, this is just to share the news that Bank in Cambodian is starting to develop itself to be ready for the fragile market. Those strong would survive in the market!!!
Help Promote Growth, Keat Chhon Urges Banks
By Ros Sothea, VOA Khmer Original report from Phnom Penh24 February 2009
Finance Minister Keat Chhon on Thursday urged commercial banks to expand their loans as a counter to the global economic slowdown, which has already lowered projected growth for the country.
“Banks have to play a role in helping the economy,” Keat Chhon told VOA Khmer. “Now the government has arranged for them to take a role by lowering the reserve requirements.”
In September 2008, the National Bank increased reserve requirements for commercial banks, from 8 percent to 16 percent, to help secure deposits. But Keat Chhon said that requirement will now be lowered to 12 percent.
Adjustments to the banking sector come amid a credit crisis in America that has led to a recession and global financial uncertainty.
In Cambodia, the crisis has hurt garment manufacturing, construction and tourism—three pillars of the economy—and the World Bank recently lowered its growth forecast for the country, to 4.9 percent, compared to a rate of 7 percent in 2008.
In Siphan, head of the credit division for Acleda Bank, said the decrease of reserve requirements will allow his bank to have more cash ready for credit and loans, from about $470 million in 2008 to $700 million in 2009.
“We have enough cash to lend,” he said. “We can provide any kind of credit, because we will increase our loans about $300 million.”
Other major banks like ANZ Royal, Cambodian Public and Japan Maruhan are committed to expanding their loans as well.
However, In Siphan said even with banks expanding their loans, only a limited number of investors is currently looking for credit.
Sam Ganty, a financial expert at the Royal University of Law and Economics, said loan expansion by commercial banks would provide more cash flow for investors, which could help Cambodia escape the most serious impact of the financial crisis.
He suggests lowering the reserve rate even more, though, as local banks are not able to find capital from foreign banks.
“The reserve requirement should be as low as 8 percent, so the banks will be able to increase money lending,” he said.
Tal Nay Im, director of the National Bank, said the central bank has no plan to lower reserve requirements further. Commercial banks will have to find resources through foreign lenders to continue their operations, she said.
My reaction: 8% of reserve requirement was what previously levied by NBC, and then v increase, and later on reduce to now 12%. What should the appropriate level of reserve requirement be? Mkt descipline vs gov't intervention is sth hard to justify, yet over-reaction on sth is not good, i believe. I hope i'd get more expertise on discussing such matter.
Advanced Bank of Asia, Cambodia Goes Live on Oracle FLEXCUBE Universal
Banking
Source: Equity BullsPosted On: 2/23/2009 11:49:17 PM
Mumbai, India - February 24, 2009: Oracle Financial Services Software Ltd. today announced that Advanced Bank of Asia (ABA), Cambodia has gone live on Oracle® FLEXCUBE Universal Banking.Oracle FLEXCUBE is providing the bank with a next-generation transaction-processing platform, enabling faster responses to customer needs and improving operational and cost efficiencies.Completed in six months, the project at ABA is the first Oracle FLEXCUBE implementation in Cambodia.ABA has implemented Oracle FLEXCUBE across its corporate and retail banking operations.ABA selected Oracle FLEXCUBE Universal Banking for its ability to seamlessly adapt to local requirements.Oracle FLEXCUBE is providing ABA with a flexible, scalable banking platform, enabling it to offer new products and services, served across multiple channels including ATM and Internet, in the shortest possible timeframe."The Cambodian banking industry is going through a transformation, and we are happy to note that our decision to implement Oracle FLEXCUBE and its successful, on-time implementation has given us a real competitive advantage. With the successful implementation of Oracle FLEXCUBE, we will now be able to bring new products to the market and rapidly scale to address the growing demand for banking services in Cambodia," said Elona Romanova, an official for Advanced Bank of Asia.The stock was trading at Rs.685, up by Rs.12.10 or 1.80%. The stock hit an intraday high of Rs.694.75 and low of Rs.647.The total traded quantity was 45667 compared to 2 week average of 65810.
Not to advertise ABA cuz professionally i should not and i won't do also. hehe..here is just the news, this is just to share the news that Bank in Cambodian is starting to develop itself to be ready for the fragile market. Those strong would survive in the market!!!
Feb 13, 2009
OkiDoki (",)
Haha,,,learn it from Cha.
Thought it is Nihongo. But it's not.
Google it chhach....eh? It is English. A slang !!!
Okidoki = OK.
Thought it is Nihongo. But it's not.
Google it chhach....eh? It is English. A slang !!!
Okidoki = OK.
Some even said it is used in Disney Movie..(well, i don't know that)
And some said it is a kind of dance....
Okidoki, enjoy ya day! (hehe...practice the word only)
Feb 10, 2009
Yu-na — $7 Million Girl on Ice
Graceful, indeed!!!South Korea's figure skating queen Kim Yu-na performs during a gala show of the ISU Four Continents Figure Skating Championship in Vancouver, Canada, Sunday. Kim won gold in the women's singles event Friday by finishing with 189.07 overall, including 116.83 in the free skate.
I love seeing skating figures. They are really graceful on ice. Mao Asada is also one of my favorite skatter. And many more that i don remember the names!!(sorry gals)
N my favorite anime story relating to skating is Ginban Kaleidoscope. Very lovely. Free program and the show...
Plot Summary: 16-year old Sakurano Tazusa is a Japanese figure ice-skater who considers herself to be worth $10 billion in beauty. While executing her moves in the Women's Figure Skating Grand Prix, she stumbled and landed badly, hence resulting in her loss in the competition. At the same time, in the same city, a Canadian youth by the name of Pete Pumps was performing an air stunt when his plane crashes and he dies. Tazusa starts to hear a strange voices and realises that the Canadian ghost now resides in her body. After futile attempts to get rid of Pete, Tazusa decides to get accustomed to his presence and in the meantime, improve on her techniques in order to get selected for the Olympics.
My memory: Skating is an expensive sport, at least to me. To enter the ring, shoes rental, and more...haha,,esp since i don't know how to balance myself on that knife-like skating shoes and on the slippery ice ring. Phew,,,remember the time back then when i first and the only time i experience this skating thing, freezing cold and felling down a few time, hurting my body for an entire week..it's quite funny and memorable. Thks to Shin for that. (don't bring the pic to post here, yet not many pics since v all were bz falling down while balancing). Kinda love it though!!! Experience it for the 2nd time??? Dare or not?? Definitely, the answer is YES! (",) kikkkk....kik...
Cambodia exposed to crisis in short term: World Bank
Written by George McLeod
Monday, 09 February 2009
Sources: The Phnom Penh Post
"We actually think [the Cambodian economy] is quite exposed.... This year, access to capital could be much lower. Therefore, Cambodia is going to be exposed to the crisis," said Stephane Guimbert, the World Bank's senior country economist, who was instrumental in writing the report.
State of the economy
A World Bank report paints a picture of short-term weakness and medium-term opportunity.
Monday, 09 February 2009
Sources: The Phnom Penh Post
"We actually think [the Cambodian economy] is quite exposed.... This year, access to capital could be much lower. Therefore, Cambodia is going to be exposed to the crisis," said Stephane Guimbert, the World Bank's senior country economist, who was instrumental in writing the report.
State of the economy
A World Bank report paints a picture of short-term weakness and medium-term opportunity.
Narrow economic focus
- Garments, tourism, construction and agriculture have driven Cambodia's growth, and all except agriculture are vulnerable to the slowdown.
Over-dollarisation
Industrial growth
- Industry growth has averaged 16 percent per year, with garments leading the way at 28 percent growth per year. This sector is especially vulnerable to the slowdown.
Low agriculture yields
- Yields have improved, but still lag behind regional competitors. Rice yields per hectare stand at 2.6 tonnes, versus 3.5 to five tonnes regionally.
FDI growth
- Foreign direct investment skyrocketed tenfold between 2003 and 2007, but investment was concentrated in a narrow range of sectors and remains vulnerable to the slowdown.
I, myself, haven't google and read that 99-page report yet. Yet from this brief stats, it's quite obvious but comprehensive. Will try to locate the report and have a glance on it.
Feb 6, 2009
Gold thread wedding dress (",)
A model displays gold thread made wedding dresses, designed by Japanese designer Yumi Katsura and tiaras, and priced 30 million Japanese Yen in Tokyo, Japan, Feb. 4, 2009.(Xinhua/Ren Zhenglai)
P.S. who wanna own this dress??? (ask ya honey to buy for u tov,,,,don't know how many of them are in stock. Maybe only 1? or u can order? hehe,,,no comment.kik kik)
Feb 2, 2009
10 books try to make sense of the financial crisis
BY JAMES PRESSLEY Bloomberg News
February 1, 2009
1. THE ORIGIN OF FINANCIAL CRISES by George Cooper (Vintage, $12.95 paper). Cooper, a seasoned central-bank watcher, shows how muddled thinking at the U.S. Federal Reserve allowed excess credit to build up in the economy, cycle after cycle, inflating asset prices into ever bigger bubbles. His solution: Require the Fed to prick ballooning credit early and often.
2. GREENSPAN'S BUBBLES by William A. Fleckenstein (McGraw-Hill, $21.95). Fleckenstein, the president of Fleckenstein Capital Inc. in Seattle, presents a damning account of how former Fed Chairman Alan Greenspan inflated two asset bubbles that mutated into some $11 trillion in home-mortgage debt.
3. MR. MARKET MISCALCULATES by James Grant (Axios, $22). The author's foresight is on display in this anthology of articles from his redoubtable newsletter, Grant's Interest Rate Observer. In 1999, when the bestseller "Dow 36,000" appeared, Grant imagined a different asset class reaching "Real Estate 36,000." By 2001, he was reporting how Americans were mining their home equity and even "day trading" houses.
4. THE RETURN OF DEPRESSION ECONOMICS AND THE CRISIS OF 2008, by Paul Krugman (W.W. Norton, $24.95). Nobel Prize-winner Krugman dashed out this new edition of his book on the crises that ravaged Latin America and Asia in the 1980s and '90s. The chapter on Japan's decade-long slump offers a spooky preview of what's now unfolding in the United States.
5. THE TWO TRILLION DOLLAR MELTDOWN by Charles R. Morris (PublicAffairs, $13.95 paper). Last year Morris startled investors when he predicted that the bursting credit bubble would result in at least $1 trillion in losses to the banking and other investment sectors. With write-downs and credit losses now totaling $991 billion, the paperback edition of the book bears a new title: "The Two Trillion Dollar Meltdown."
6. CHAIN OF BLAME by Paul Muolo and Matthew Padilla (Wiley, $27.95). This journalistic thriller chronicles how subprime-mortgage lending rose from the ruins of the savings-and-loan crisis, slithered throughout the financial system and ended with more than 1 million Americans losing their homes. Muolo and Padilla introduce the bankers, non-bank lenders, loan brokers and underwriters who drove the reckless practices that engulfed institutions including Bear Stearns Cos., Lehman Brothers Holdings Inc. and Merrill Lynch & Co.
7. BAD MONEY by Kevin Phillips (Penguin, $16). The former Republican strategist lays out a harsh case against Wall Street and Washington, depicting the United States as an overstretched empire slumping toward the fate of Hapsburg Spain, the maritime Dutch Republic and imperial Britain. The book presents primers on everything from securitization to government manipulation of inflation data. What sets it apart is Phillips' emphasis on the symbiotic relationship between politicians and big money.
8. THE SUBPRIME SOLUTION by Robert J. Shiller (Princeton University Press, $16.95). When this Yale economist looks at the subprime-mortgage meltdown, he sees "a historic turning point" with parallels to the Treaty of Versailles, the Great Depression and the Marshall Plan. Shiller says the crisis is tearing at America's social fabric and will probably slow economic growth for years. His solution: additional financial innovations, to make the housing market less bubble-prone and more open to people with low incomes.
9. THE GREAT INFLATION AND ITS AFTERMATH by Robert J. Samuelson (Random House, $26). At a time when the word "deflation" is getting a workout, Samuelson offers a history of how good political intentions stoked an inflationary hell in the 1970s - and how only bold, painful action smothered the flames. The Great Inflation refers to how U.S. inflation rose from negligible levels in the mid-'60s to double digits in the early '80s. Though the episode scarred a generation, our memory of it has faded, says the columnist for Newsweek and The Washington Post.
10. THE NEW PARADIGM FOR FINANCIAL MARKETS by George Soros (PublicAffairs, $22.95). For 20 years, Soros has challenged the theory that markets, however choppy, always move toward equilibrium. Now the worst financial crisis since the Great Depression has handed him evidence that the hypothesis is dangerous as well as flawed. A jumble of autobiography, philosophy and market history, the book offers solutions that range from abandoning some financial instruments to curbing lending. If his pet theories annoy you - "reflexivity," anyone? - skip to the section where Soros provides a diary of his own decisions as a hedge-fund manager.
Please share me to read if u guys happen to own any of these books.
'd love to understand more!!!! Hope i do have time and spirit to do it.
February 1, 2009
1. THE ORIGIN OF FINANCIAL CRISES by George Cooper (Vintage, $12.95 paper). Cooper, a seasoned central-bank watcher, shows how muddled thinking at the U.S. Federal Reserve allowed excess credit to build up in the economy, cycle after cycle, inflating asset prices into ever bigger bubbles. His solution: Require the Fed to prick ballooning credit early and often.
2. GREENSPAN'S BUBBLES by William A. Fleckenstein (McGraw-Hill, $21.95). Fleckenstein, the president of Fleckenstein Capital Inc. in Seattle, presents a damning account of how former Fed Chairman Alan Greenspan inflated two asset bubbles that mutated into some $11 trillion in home-mortgage debt.
3. MR. MARKET MISCALCULATES by James Grant (Axios, $22). The author's foresight is on display in this anthology of articles from his redoubtable newsletter, Grant's Interest Rate Observer. In 1999, when the bestseller "Dow 36,000" appeared, Grant imagined a different asset class reaching "Real Estate 36,000." By 2001, he was reporting how Americans were mining their home equity and even "day trading" houses.
4. THE RETURN OF DEPRESSION ECONOMICS AND THE CRISIS OF 2008, by Paul Krugman (W.W. Norton, $24.95). Nobel Prize-winner Krugman dashed out this new edition of his book on the crises that ravaged Latin America and Asia in the 1980s and '90s. The chapter on Japan's decade-long slump offers a spooky preview of what's now unfolding in the United States.
5. THE TWO TRILLION DOLLAR MELTDOWN by Charles R. Morris (PublicAffairs, $13.95 paper). Last year Morris startled investors when he predicted that the bursting credit bubble would result in at least $1 trillion in losses to the banking and other investment sectors. With write-downs and credit losses now totaling $991 billion, the paperback edition of the book bears a new title: "The Two Trillion Dollar Meltdown."
6. CHAIN OF BLAME by Paul Muolo and Matthew Padilla (Wiley, $27.95). This journalistic thriller chronicles how subprime-mortgage lending rose from the ruins of the savings-and-loan crisis, slithered throughout the financial system and ended with more than 1 million Americans losing their homes. Muolo and Padilla introduce the bankers, non-bank lenders, loan brokers and underwriters who drove the reckless practices that engulfed institutions including Bear Stearns Cos., Lehman Brothers Holdings Inc. and Merrill Lynch & Co.
7. BAD MONEY by Kevin Phillips (Penguin, $16). The former Republican strategist lays out a harsh case against Wall Street and Washington, depicting the United States as an overstretched empire slumping toward the fate of Hapsburg Spain, the maritime Dutch Republic and imperial Britain. The book presents primers on everything from securitization to government manipulation of inflation data. What sets it apart is Phillips' emphasis on the symbiotic relationship between politicians and big money.
8. THE SUBPRIME SOLUTION by Robert J. Shiller (Princeton University Press, $16.95). When this Yale economist looks at the subprime-mortgage meltdown, he sees "a historic turning point" with parallels to the Treaty of Versailles, the Great Depression and the Marshall Plan. Shiller says the crisis is tearing at America's social fabric and will probably slow economic growth for years. His solution: additional financial innovations, to make the housing market less bubble-prone and more open to people with low incomes.
9. THE GREAT INFLATION AND ITS AFTERMATH by Robert J. Samuelson (Random House, $26). At a time when the word "deflation" is getting a workout, Samuelson offers a history of how good political intentions stoked an inflationary hell in the 1970s - and how only bold, painful action smothered the flames. The Great Inflation refers to how U.S. inflation rose from negligible levels in the mid-'60s to double digits in the early '80s. Though the episode scarred a generation, our memory of it has faded, says the columnist for Newsweek and The Washington Post.
10. THE NEW PARADIGM FOR FINANCIAL MARKETS by George Soros (PublicAffairs, $22.95). For 20 years, Soros has challenged the theory that markets, however choppy, always move toward equilibrium. Now the worst financial crisis since the Great Depression has handed him evidence that the hypothesis is dangerous as well as flawed. A jumble of autobiography, philosophy and market history, the book offers solutions that range from abandoning some financial instruments to curbing lending. If his pet theories annoy you - "reflexivity," anyone? - skip to the section where Soros provides a diary of his own decisions as a hedge-fund manager.
Please share me to read if u guys happen to own any of these books.
'd love to understand more!!!! Hope i do have time and spirit to do it.
Jan 22, 2009
*TIMELINE - Financial crisis since December
Source: Reuters
December 1 - The U.S. economy slipped into recession in December 2007, says the National Bureau of Economic Research, a prestigious private research group.
December 2 - The Bank of Japan unveils 3 trillion yen (24.7 billion pounds) in new measures to ease an acute squeeze in corporate funding.
December 4 - The ECB drops its benchmark rate by 0.75 percentage point to 2.50 percent, the euro zone's biggest cut ever.
-- The Bank of England slashes interest rates by 1 percentage point to two percent, the lowest level since 1951.
December 9 - Canada's central bank cuts its benchmark interest rate by three-quarters of a percentage point to 1.5 percent, the lowest since 1958. The bank also says the country is now entering a recession.
-- Japan's Sony Corp says it will cut 16,000 jobs and curb investment to save $1.1 billion (798.2 billion pounds) a year. The job cuts are the biggest announced by an Asian company so far.
December 11 - Bank of America Corp says it plans to eliminate 30,000 to 35,000 jobs over three years, reflecting its pending purchase of Merrill Lynch & Co and weaker business activity.
December 12 - In Brussels, an EU summit commits to an economic stimulus package worth about 1.5 percent of total EU output or around 200 billion euros (187.2 billion pounds).
December 15 - Japanese business sentiment suffers its sharpest fall since the 1970s oil crises, taking the Bank of Japan's tankan survey to its lowest in nearly seven years.
December 19 - The U.S. government throws a $17.4 billion lifeline to Detroit carmakers crippled by the recession.
December 21 - Ireland agrees to inject 5.5 billion euros into its three main banks, taking Anglo Irish Bank under its control.
December 24 - Japan approves an 88.5 trillion yen budget, its biggest ever, to help finance a 12 trillion yen fiscal stimulus programme. January 6, 2009 - Alcoa says it will slash more than 15,000 jobs as it reduces aluminium production.
January 7 - The U.S. budget deficit will swell to a record $1.186 trillion in fiscal 2009, congressional forecasters say.
January 8 - The BoE cuts interest rates by half a percentage point to a record low of 1.5 percent. Rates in Britain have never fallen below 2 percent, not even during the 1930s.
January 9 - Data shows that some 2.6 million Americans lose their jobs in 2008, the worst toll since 1945.
January 13 - The U.S. Treasury says it has injected $271.7 billion in 257 banks so far, but it will take time for the capital to make credit more available,
January 15 - Nortel Networks, North America's biggest telephone equipment maker, files for bankruptcy.
-- JPMorgan Chase's fourth-quarter profit plunges 76 percent as it writes down bad loans.
January 15 - The European Central Bank cuts interest rate by a half point to 2 percent the lowest level since the common currency was launched 10 years ago.
January 19 - Britain launches a second bank rescue plan, under which the BoE will set up an asset purchase programme to buy private sector assets with an initial fund of 50 billion pounds.
January 20 - Barack Obama takes office as president of the United States. Wall Street greets the new president with its worst inauguration day ever.
-- Stock prices extend losses as the Dow closes down 4 percent, extending its 2009 slump to more than 9 percent, as Obama says that the economy was "badly weakened" by "greed and irresponsibility."
January 21 - Britain says its bank bailouts have dealt a major blow to Britain's public finances as the recapitalisation of ailing Royal Bank of Scotland blows out the deficit to 44.2 billion pounds last month, its highest on record.
(Writing by David Cutler, London Editorial Reference Unit;) Additional writing by Carl Bagh; editing by Stephen Nisbet)
December 1 - The U.S. economy slipped into recession in December 2007, says the National Bureau of Economic Research, a prestigious private research group.
December 2 - The Bank of Japan unveils 3 trillion yen (24.7 billion pounds) in new measures to ease an acute squeeze in corporate funding.
December 4 - The ECB drops its benchmark rate by 0.75 percentage point to 2.50 percent, the euro zone's biggest cut ever.
-- The Bank of England slashes interest rates by 1 percentage point to two percent, the lowest level since 1951.
December 9 - Canada's central bank cuts its benchmark interest rate by three-quarters of a percentage point to 1.5 percent, the lowest since 1958. The bank also says the country is now entering a recession.
-- Japan's Sony Corp says it will cut 16,000 jobs and curb investment to save $1.1 billion (798.2 billion pounds) a year. The job cuts are the biggest announced by an Asian company so far.
December 11 - Bank of America Corp says it plans to eliminate 30,000 to 35,000 jobs over three years, reflecting its pending purchase of Merrill Lynch & Co and weaker business activity.
December 12 - In Brussels, an EU summit commits to an economic stimulus package worth about 1.5 percent of total EU output or around 200 billion euros (187.2 billion pounds).
December 15 - Japanese business sentiment suffers its sharpest fall since the 1970s oil crises, taking the Bank of Japan's tankan survey to its lowest in nearly seven years.
December 19 - The U.S. government throws a $17.4 billion lifeline to Detroit carmakers crippled by the recession.
December 21 - Ireland agrees to inject 5.5 billion euros into its three main banks, taking Anglo Irish Bank under its control.
December 24 - Japan approves an 88.5 trillion yen budget, its biggest ever, to help finance a 12 trillion yen fiscal stimulus programme. January 6, 2009 - Alcoa says it will slash more than 15,000 jobs as it reduces aluminium production.
January 7 - The U.S. budget deficit will swell to a record $1.186 trillion in fiscal 2009, congressional forecasters say.
January 8 - The BoE cuts interest rates by half a percentage point to a record low of 1.5 percent. Rates in Britain have never fallen below 2 percent, not even during the 1930s.
January 9 - Data shows that some 2.6 million Americans lose their jobs in 2008, the worst toll since 1945.
January 13 - The U.S. Treasury says it has injected $271.7 billion in 257 banks so far, but it will take time for the capital to make credit more available,
January 15 - Nortel Networks, North America's biggest telephone equipment maker, files for bankruptcy.
-- JPMorgan Chase's fourth-quarter profit plunges 76 percent as it writes down bad loans.
January 15 - The European Central Bank cuts interest rate by a half point to 2 percent the lowest level since the common currency was launched 10 years ago.
January 19 - Britain launches a second bank rescue plan, under which the BoE will set up an asset purchase programme to buy private sector assets with an initial fund of 50 billion pounds.
January 20 - Barack Obama takes office as president of the United States. Wall Street greets the new president with its worst inauguration day ever.
-- Stock prices extend losses as the Dow closes down 4 percent, extending its 2009 slump to more than 9 percent, as Obama says that the economy was "badly weakened" by "greed and irresponsibility."
January 21 - Britain says its bank bailouts have dealt a major blow to Britain's public finances as the recapitalisation of ailing Royal Bank of Scotland blows out the deficit to 44.2 billion pounds last month, its highest on record.
(Writing by David Cutler, London Editorial Reference Unit;) Additional writing by Carl Bagh; editing by Stephen Nisbet)
Jan 13, 2009
Cam stock exchange delayed indefinitely???
Source: Phnom Penh Post
"Cambodia's much-touted stock exchange has been delayed indefinitely due to the worsening global economic slowdown, officials said. Its launch was scheduled for September, with the Korea Exchange providing funds and technical support.
But as Cambodia's economy slowed to single-digit growth last year, the exchange's future was put in doubt. Cambodia has been affected by the global financial crisis, especially in terms of real estate and garment exports. The Korean partners in the project expressed surprise at the government's postponement, saying they had not been informed of the change."
Extract from ADBI e-newsline 13 Jan 09
PHNOM PENH, Jan. 13 (Xinhua) -- A Cambodian official denied media reports that the opening of stock exchange market has been delayed indefinitely due to the worsening global economic slowdown, English-language newspaper the Cambodia Daily said Tuesday.
"We didn't declare postponement of the stock exchange. I am sure it will open in 2009," Mey Vann, director of the Department of Finance Industry of the Ministry of Finance and Economy, was quoted as saying.
"We are working on it and there is no delay," he said, but decline to discuss the exact date.
On Monday, another English-language daily The Phnom Penh Post quoted Mey Vann as saying that "Cambodia has been affected by the global financial crisis, especially in terms of real estate and garment exports. Therefore, the plan to open our own stock market has been postponed, and no specific schedule is set for it."
The launch of the stock exchange market was originally scheduled for last September, with the South Korean Exchange providing funds and technical support.
As Cambodia's economy, one of the region's most vibrant, slowed to single-digit growth last year, the exchange's future was put in doubt, said The Phnom Penh Post.
Cambodia enjoyed consistent double-digit economic growth rate from 2005 to 2007, which fueled the government's ambition to upgrade its financial and capital market, and the establishment of a stock exchange market was just one of its major plans in this regard.
"Cambodia's much-touted stock exchange has been delayed indefinitely due to the worsening global economic slowdown, officials said. Its launch was scheduled for September, with the Korea Exchange providing funds and technical support.
But as Cambodia's economy slowed to single-digit growth last year, the exchange's future was put in doubt. Cambodia has been affected by the global financial crisis, especially in terms of real estate and garment exports. The Korean partners in the project expressed surprise at the government's postponement, saying they had not been informed of the change."
Extract from ADBI e-newsline 13 Jan 09
PHNOM PENH, Jan. 13 (Xinhua) -- A Cambodian official denied media reports that the opening of stock exchange market has been delayed indefinitely due to the worsening global economic slowdown, English-language newspaper the Cambodia Daily said Tuesday.
"We didn't declare postponement of the stock exchange. I am sure it will open in 2009," Mey Vann, director of the Department of Finance Industry of the Ministry of Finance and Economy, was quoted as saying.
"We are working on it and there is no delay," he said, but decline to discuss the exact date.
On Monday, another English-language daily The Phnom Penh Post quoted Mey Vann as saying that "Cambodia has been affected by the global financial crisis, especially in terms of real estate and garment exports. Therefore, the plan to open our own stock market has been postponed, and no specific schedule is set for it."
The launch of the stock exchange market was originally scheduled for last September, with the South Korean Exchange providing funds and technical support.
As Cambodia's economy, one of the region's most vibrant, slowed to single-digit growth last year, the exchange's future was put in doubt, said The Phnom Penh Post.
Cambodia enjoyed consistent double-digit economic growth rate from 2005 to 2007, which fueled the government's ambition to upgrade its financial and capital market, and the establishment of a stock exchange market was just one of its major plans in this regard.
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