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Arimathea

Saint Nicholas of Myra

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Acknowledgments

Tenebrae Exteriores

Commerce

Here are recommended businesses that are worth your consideration, if not your money.

Wednesday, November 16, A.D. 2011

YiaTube

Athenos is not my favorite brand of packaged hummus, but Kraft’s Greek label commercials are sweet like Melissos’ honey. Enjoy what Yiayia says.

Yiayia on stay at home fathers:

Yiayia on fashion:

Yiayia on cohabitation:

Evidently, the ad campaign began in late winter earlier this year, but I only recently discovered the videos. I want more Yiayia commentary; grandmothers know better.

Posted by Joseph

on Wednesday, November 16, Anno Domini 2011
Capitalism • Food • (0) Comments • Permalink

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★ Earlier comments

The Economist

Liberalism in Print

JPMorgan Chase: Dimon in the rough

A BIG but digestible mistake by a financial institution with abundant profits and capital should normally be viewed as the market equivalent of an electric shock, a jolt that leads to smarter behaviour. The response to JPMorgan Chase’s $2 billion (and rising) loss on a position taken by its chief investment office could not have been more highly charged.The loss has reinforced the political appeal of bashing banks, no matter what the facts. Barack Obama went on a TV chat show on May 14th and responded to questions about the loss by implying it would have been blocked under the Volcker rule banning proprietary trading. Given the proposed wording of the rule and the apparent nature of the trade, which seems to have started out as an attempt to hedge risk, that assertion is at best a stretch.Elizabeth Warren, a senatorial candidate in Massachusetts, also jumped on the bandwagon. “Wall Street isn’t going to change its ways until Washington gets serious about strong oversight and real accountability,” ran a campaign ad. Yet JPM is already among the most heavily regulated institutions in America, if not the world. Supervisors have employees climbing all over the bank; they routinely review its credit and business practices. Perhaps to pre-empt criticisms of inept oversight, a string of regulators has nonetheless announced investigations into the trade.Competing financial firms...
Short-selling litigation: An enlightening mistake

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Free exchange: Surf’s up

IN 1900 America had around 500 carmakers; by 1908 it had 200. In 1960 Britain had 16 banks; ten years later it had just six. In both cases, this rapid consolidation came about because of a flurry of mergers. From soft drinks to steelworks, plenty of other industries have seen similar patterns. Mergers happen in waves, so the number of firms collapses suddenly rather than dwindling over time. And the next one may soon crest.

The first merger wave in America peaked in 1899. During that wave, which lasted for five years, 700 mining and milling companies disappeared, along with 500 food retailers. The next four waves in America occurred in the 1920s and 1960s and again in the late 1980s and 1990s (see left-hand chart). Other countries have experienced the same phenomenon.Research suggests that shocks start merger waves. Some firms are quicker than others to respond to the disruption, or suffer less damage. This divergence allows the strong to mop up the weak. As far back as 1937 Ronald Coase, an economist, proposed that technological shifts like the telephone and the telegraph would lead to fewer, larger firms...
Accounting in China: Internal controls

THE big global accounting firms are not having an easy time of it in China. They have been caught up in the accounting scandals that have engulfed many Chinese firms that listed on America’s stock exchanges: on May 9th, for example, America’s Securities and Exchange Commission (SEC) took legal action against Deloitte’s Shanghai arm in a case involving an unnamed Chinese client. The next day Chinese officials unveiled details of a plan that will force foreign partners to hand control of the “Big Four” firms—Deloitte, Ernst & Young, KPMG and PwC—to Chinese colleagues by the end of 2017.At first blush, the SEC seems to be overreaching by pursuing auditors based in China which are already regulated by local authorities. And the localisation scheme appears to be yet another example of the pitch being queered for foreign firms by an overweening Chinese state. But the snap judgments are misleading.The American regulatory mandate abroad arises because many Chinese firms choose to list on America’s exchanges while still using auditors based in China. One such example is Longtop, a Chinese business-software firm that...
Japanese banks in Asia: Lending a hand

THERE are two, potentially overlapping, ways in which Asia’s export-driven economies could suffer from the euro crisis. One is from the slowdown in trade to Europe. The other is the drying up of finance, from trade credit to syndicated loans, extended by euro-zone banks. On neither score is Asia as vulnerable as it was after the collapse of Lehman Brothers in 2008, argued Iwan Azis of the Asian Development Bank, at The Economist’s Bellwether conference in Tokyo on May 16th. One of the reasons is that Japan’s mega-banks have lumbered off their home territory to pick up some of the slack left by the departing Europeans (see chart).This is good news not just for Asia’s exporters. It also shows a rare stroke of boldness by Japan’s big three, Mitsubishi UFJ Group (MUFG), Sumitomo Mitsui, and Mizuho. After pulling back from lending to Asia following the 1998 financial crisis, and then suffering more than a decade of deleveraging by their deflation-sapped customers at home, they can almost smell the predicament of their European peers. Ken Takamiya of Nomura Securities says that in Australia, for...

Forbes

The Capitalist Tool

'Elder Scrolls Online' Meets Skepticism Amidst Fierce Competition
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The Beastie Boys' Sampling and Copyright Law
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Land Shares of MCP 26.0% Cheaper Than the CEO Did
There?s an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on December 15, Molycorp Inc. ?s CEO, Mark A. Smith, invested $139,750.00 into 5,000 shares of MCP, for a cost per share of $27.95. Bargain hunters tend to pay ...
Land This Bargain 11.3% Yield Dividend Stock Even Cheaper Than Director Stark Did
There?s an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on May 15, Prospect Capital Corporation?s Director, Eugene S. Stark, invested $5,425.00 into 500 shares of PSEC, for a cost per share of $10.85. Bargain hunters tend to pay ...
Who Are The Top Ten Influencers In Social, Mobile, Cloud?
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The seesaw battle between and Toyota for global sales leadership just tipped in Toyota?s direction again. Figures from the company show Toyota sold 2.49 million vehicles in the first quarter, putting it ahead of GM with 2.28 million, according to Agence France Presse. Germany?s ranks third, with 2.16 million. Toyota had grabbed the top-selling title ...
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EMC Acquires Syncplicity
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Facebook Redesigning Timeline
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Twenty-nine-year-old Lauren Odes was fired from her job at a lingerie store for being "too hot." Meaning: having a not-so-average bosom. Her female supervisor asked Odes to "tape down her breasts" and "wear a bathrobe" to cover up her voluptuous body. Not too long after, she was fired. Fired for having noticeable boobs. Fired from ...
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A More Personalized Search Engine Helps eBay Reach $48
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In 1989, a chic little Basque-inspired eatery opened up in downtown . With plush, azure-blue banquettes lining the walls, candle lit tables for two, and soft, seductive jazz, Alison on Dominick Street soon earned the moniker 's most romantic restaurant, and a highly coveted spot in Gourmet magazine's Top Twenty Restaurants in feature. seemed in ...