Wednesday, 30 November 2011

Europe's Bailout Fund -- Seriously, WTF Is This Thing?

I tried to figure out the EFSF again (the European Financial Stability Facility) and, once again, my brain exploded.

I can't figure out if this Rube Goldbergian mother of all securitization schemes is:

(a) a way to secretly print a whole bunch of euros behind door #24 while everyone is distracted by the elephant and monkey show in Exhibition Room C.

(b) a clever new way of shunting tail-risk into a vehicle that, when it fails, will send fireworks high into the night sky as the eurozone spectacularly implodes.

(c) a way of handing out 1,000 gold-plated pigs when there are only 10 gold-plated pigs in the warehouse, vague promises of 990 more gold-plated pigs, and a whole lot of securitization in between.

(d) a full-employment act for structured finance professionals on the continent.

(e) some combination of the above.

Or add your own speculation below. Because, in this Brave New World of Structured Finance, we're obviously beyond the point where an entity (say the IMF) simply extends a loan to some country (or countries) in fiscal straits.

Here's some more commentary on this bewildering high-finance thingamabobby:

More European Financial Chicanery

Tuesday, 29 November 2011

Kristen Stewart: Dining out in London!



Kristen Stewart on Food, Drink, and places in London!

Places
Question: Do you like Traditional pubs or Modern Gastropubs?
Kristen Stewart Answer:  Oh, traditional pubs, definitely.

Question: What’s your favorite London hangout?
Kristen Stewart:  I’ve had some really good roast dinners … the “Swan & Edgar” (name of restaurant) in Marylebone.

Food and Drink
Question: Do you prefer a Sausage sandwich or bacon butty?
Kristen Stewart:  Bacon butty. 

Question: How do you feel about beans on toast?
Kristen Stewart:  I love beans on toast.

Question: What do you like for dinner?
Kristen Stewart:  Chicken or lamb.

Question: What’s your pub drink?
Kristen Stewart:  It’s a pound

Question: How do you take your tea?
Kristen Stewart:  With milk and a little bit of honey

British and American Expressions

A hangout =  a place to relax, talk, eat, drink, to get together with people informally
(British/American Expression)

A bacon butty = bacon on a bun
(British Expression)

Modern Gastropubs = restaurant in a pub
(British/American Expression)

a pound = a drink that costs one pound to purchase in a pub
(British Expression)


 
Practice Idea
Kristen Stewart in London, has changed some of her American tastes to British tastes.  This interview style is short and brief to attain lots of information quickly.  Moreover, the questions are simple and not too ‘deep’ in nature.  This type of information is comfortable for everyone to talk about. Try this out with your friends.  It is a good and fun way to find fun and delicious differences in personal tastes and cultures.  Also, it is a nice way to practice or review questions concerning people’s preferences.
Have fun! And talk, talk, talk!

Speaking Style
Question 1: Do you like Traditional pubs or Modern Gastropubs?
Kristen Stewart Answer 1:  Oh, traditional pubs, definitely.

Question 2: Do you prefer a Sausage sandwich or bacon butty?
Kristen Stewart 2:  Bacon butty.

Question 3: How do you take your tea?
Kristen Stewart 3:  With milk and a little bit of honey.

Question 4: How do you feel about beans on toast?
Kristen Stewart 4:  I love beans on toast.

Question 5: What do you like for dinner?
Kristen Stewart 5:  Chicken or lamb.

Question 6: What’s your favorite London hangout?
Kristen Stewart 6:  I’ve had some really good roast dinners … the Swan & Edgar in Marylebone.


Practice Speaking Style

Question 1: Do you like pubs or nightclubs?
Kristen Stewart Answer 1:  Oh, nightclubs definitely.

Question 2: Do you prefer a burger or pizza?
Kristen Stewart 2:  Pizza.

Question 3: How do you like your coffee?
Kristen Stewart 3:  With a little bit of cream.

Question 4: How do you feel about sushi?
Kristen Stewart 4:  I love sushi.

Question 5: What do you like for breakfast?
Kristen Stewart 5:  Just toast and juice.

Question 6: What’s your favorite California hangout?
Kristen Stewart 6:  I’ve had some really good Italian dinners … Il Ristorante di Giorgio Baldi in Santa Monica.


Twilight - Final Trailer



Snow White and the Huntsman - First Trailer


FEATURED LINK OF THE MONTH!
TEACH ENGLISH IN CHINA!





Enjoy and see you next week!




Alex
Celebrity English

Monday, 28 November 2011

Fed Funnels Money to Banks on the Sly

Excellent Bloomberg story showing what was largely an open secret (even if the details weren't known), well before the Fed was forced to cough up the paperwork on its bailout of the U.S. financial system:

Secret Fed Loans Gave Banks Undisclosed $13 Billion

This should be required reading for every American.

The hard-hitting article also reinforces the image of Geithner as a complete tool.

The ground left uncovered: that, for this enormous bailout, we the taxpayer got very little. Our financial regulators, our political leaders, failed to effectively reform a banking system that has metastasized out of control.

Saturday, 26 November 2011

joe jonas [new haircut = the bomb]



i










i used to hate him cause i thought he looks soooooooo dang ugly in his old hair ( and his voice too, like a squeaking rat) . now he wants to be treated seriously and to be considered as "already grown up".


adam levine