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Old 2011-05-18, 18:45   Link #13781
DonQuigleone
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Join Date: Dec 2007
Location: Dublin, Ireland
Age: 25
Quote:
Originally Posted by Xellos-_^ View Post
if the developing country want the IMF job, why don't they just put more money on the table?
I wasn't aware there was any contreversy about developing countries being under represented on the IMF. Makes sense that your voting power is proportional to your contribution to the fund, like all such things.
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Old 2011-05-19, 01:56   Link #13782
SaintessHeart
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Age: 25
Taiwan cracks down on teen prostitution ring

Quote:
TAIPEI - TWO 15-year-old boys were arrested in northern Taiwan for allegedly pimping at least a dozen girls aged as young as 12, police said on Wednesday.

The boys allegedly recruited the girls via the Internet and arranged for them to work in tea houses and hotels in New Taipei City for about NT$2,000 (S$86.50) a time, police said.

'The girls wanted to buy designer products and they wanted to enjoy life. They used various excuses to hide this from their parents, and some parents even covered for them when they missed school,' said a police spokesman.

The Liberty Times newspaper named the boys Taiwan's youngest ever pimps, saying they lived in an apartment with three of the girls.

'We didn't steal, we didn't rob. We were merely helping girls in trouble,' one of them said, according to the paper. Television footage showed some girls sporting expensive designer bags and giggling while they were taken to a police station on Tuesday.

The boys face a maximum seven-year jail term for pimping. If convicted, they are likely to be placed in a juvenile correctional facility. The girls will be sent to a special school for teenagers forced into sex work, or they will be put into foster care if necessary, according to the police.
First, Japan.
Second, Taiwan.
Third, Singapore or South Korea?
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Old 2011-05-19, 04:12   Link #13783
ganbaru
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Join Date: Dec 2007
Location: Betweem wisdom and insanity
In Syria, Canadian journalist heard prisoners being tortured
http://www.theglobeandmail.com/news/...rticle2027541/
Quote:
On her first night in Damascus, Dorothy Parvaz was moved between several jail cells, blindfolded and manacled and forced to listen to prisoners being tortured by Syrian interrogators.

Released after being held for three weeks in Syria and Iran, the Canadian journalist spoke for the first time Wednesday of her terrifying time in Syria, where she witnessed the brutal repression meted out by the government of President Bashar al-Assad.
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Old 2011-05-19, 12:01   Link #13784
SaintessHeart
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LinkedIn share price more than doubles in NYSE debut

Quote:
(Reuters) - LinkedIn Corp's shares more than doubled in their public trading debut on Thursday, a jump reminiscent of the heyday of investors' love affair with Internet stocks in the late 1990s.

Shares of the online professional social networking company soared 171 percent, or $76.97, to $121.97 in afternoon trading on the New York Stock Exchange -- far exceeding the $45 initial public offering price.

The stampede brings the valuation of LinkedIn, which less than a decade ago was no more than an ambitious idea and a computer in one man's living room, to more than $11 billion. Just two weeks ago, LinkedIn proposed a price range for the IPO that valued it at just over $3 billion.

LinkedIn is the first prominent U.S. social networking company to publicly test just how hungry investors are for anything social-media related on the Web such as Facebook, Groupon, Twitter and Zynga.

Such exuberant debut trading in recent years has been the prerogative of Chinese Internet stocks, unmatched by their U.S. peers. LinkedIn is the first U.S. Web company to replicate the jump, marking the biggest first-day price jump since shares of Baidu Inc, a Chinese Internet search engine, rose 354 percent in their Nasdaq debut in 2005.

INDIVIDUALITY

LinkedIn Chief Executive Jeff Weiner -- a newly minted millionaire -- shrugged off the trading craze or even worries that the pricing underestimated the appetite for the stock.

"Speaking for myself, personally I'm not even thinking twice about where the price is today and leaving money on the table or even anything remotely along those lines," he said, adding that the stock "will take care of itself" and trade on fundamentals.

He also cautioned against viewing LinkedIn as a proxy for other big-name IPOs potentially coming to the markets, saying they will also be driven by those companies' fundamental values -- which are, in turn, far from echoes of the dot-com bubble.

Weiner, who sold about 5 percent of his holdings in the offering, made $5.2 million on the IPO based on the latest stock price, while his remaining stake in LinkedIn is worth almost $270 million.

LinkedIn's co-founder and ex-PayPal executive Reid Hoffman made $5.2 million selling less than 1 percent of his shares. His remaining stake in the company -- 21.7 percent of the voting power -- is now worth about $2.3 billion.

Mountain View, California-based LinkedIn raised $352.8 million on Wednesday by selling about 8 percent of the company, or 7.84 million shares, for $45 apiece. The company increased its anticipated price range by $10 on Tuesday to $42 to $45 per share.

From the midpoint of the original price range to the current price, shares have more than tripled.

"The public market demand turns out to be even stronger substantially stronger than private market transactions have been implying," said Jay Ritter, IPO expert and professor of finance at University of Florida. He added private-market trading of LinkedIn shares in the runup to the IPO gave the company a valuation of about $3 billion.

"This has certainly been a bullish event for the valuations of Twitter and Facebook and other similar companies," he said.

The company's shares were sold at about 17.5 times its 2010 sales. By comparison, Google Inc's shares are valued at about six times 2010 sales.

Renren Inc shares gained 4.5 percent to $14.32 while MySpace parent News Corp rose 1.1 percent to $17.71. Google Inc, owner of YouTube, was little changed.

Underwriters on the IPO were led by Morgan Stanley, Bank of America Merrill Lynch and JPMorgan.
I need to find LinkedIn's balance sheets. This seriously looks like a hype-flation.
__________________

When three puppygirls named after pastries are on top of each other, it is called Eclair a'la menthe et Biscotti aux fraises avec beaucoup de Ricotta sur le dessus.
Most of all, you have to be disciplined and you have to save, even if you hate our current financial system. Because if you don't save, then you're guaranteed to end up with nothing.
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Old 2011-05-19, 12:55   Link #13785
Vexx
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Location: On the whole, I'd rather be in Kyoto ...
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Quote:
Originally Posted by SaintessHeart View Post
LinkedIn share price more than doubles in NYSE debut



I need to find LinkedIn's balance sheets. This seriously looks like a hype-flation.
I firmly believe it is hype-flation as you say. Clueless investors are looking for the "last big Internet bubblet" and what do we have offered? A lame resume repository. I started to put in an resume entry and immediately the words "identity theft hell" came to mind. I will give it some points for *SO FAR* not suffering the fate of Monster.com (which has become a den of inequity, scum, and villainy).

The main thing giving it any legs is that the HR departments are drooling because it means they have even MORE time to sit around eating donuts and expanding their huge butts rather than doing proper work supporting the hiring managers.
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Old 2011-05-19, 13:02   Link #13786
Sumeragi
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Quote:
Originally Posted by SaintessHeart View Post
First, Japan.
Second, Taiwan.
Third, Singapore or South Korea?
Can't say about Singapore (that bastion of government-imposed morality), but I can say that Japan/Korea/Taiwan are really similar in that realm, although obviously Japan's market would be the largest both in absolute and relative terms.
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Old 2011-05-19, 13:08   Link #13787
Xellos-_^
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Quote:
Originally Posted by SaintessHeart View Post
Taiwan cracks down on teen prostitution ring



First, Japan.
Second, Taiwan.
Third, Singapore or South Korea?
i would go with Macau, aka (Las Vegas of the East) or Thailand.
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Old 2011-05-19, 13:11   Link #13788
Solace
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Quote:
Originally Posted by SaintessHeart View Post
First, Japan.
Second, Taiwan.
Third, Singapore or South Korea?
It happens everywhere. Welcome to America.
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Old 2011-05-19, 13:22   Link #13789
AnimeFan188
Senior Member
 
Join Date: Jan 2008
"A team of astronomers has identified a novel new kind of galactic wanderer -
lone, Jupiter-sized planets expelled from forming solar systems and drifting in the
empty void between the stars.

The researchers, led by Takahiro Sumi of Japan's Osaka University, spotted 10
such free-floating "orphan planets" in data from a 2006-7 microlensing survey of
our galaxy's centre, which searched for the tell-tale sign of transiting bodies'
gravitational fields distorting light from distant stars.

Team member David Bennett, of the University of Notre Dame in Indiana,
explained that this first sighting in a small portion of the Milky Way points to
enormous numbers of orphans. He said: "Our survey is like a population census.
We sampled a portion of the galaxy, and based on these data, can estimate
overall numbers in the galaxy.""


See:

http://www.theregister.co.uk/2011/05/19/orphan_planets/
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Old 2011-05-19, 13:38   Link #13790
Jinto
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Join Date: Feb 2004
Location: Fürth (GER)
Age: 33
Quote:
Originally Posted by Vexx View Post
I firmly believe it is hype-flation as you say. Clueless investors are looking for the "last big Internet bubblet" and what do we have offered? A lame resume repository. I started to put in an resume entry and immediately the words "identity theft hell" came to mind. I will give it some points for *SO FAR* not suffering the fate of Monster.com (which has become a den of inequity, scum, and villainy).

The main thing giving it any legs is that the HR departments are drooling because it means they have even MORE time to sit around eating donuts and expanding their huge butts rather than doing proper work supporting the hiring managers.
There are people on this planet who have so much money, they simply do not know where to park it. Okay, thats not what is going on there... but I really wouldn't mind if it were just private finaciers who gamble on these stocks with their own money.

But typically you have all sorts of money sources for this pit... like hedge-funds or banks that are too big to fail. The game is who shoots faster (or rather backs out at the right time).

I imagine this to work like this: A small group of insiders try to attract a lot of public money. Now the public money won't come just by itself, it needs to be lured. So, the insider group takes their own considerable moneystock as a bait and generates demand out of (basically) nothing, just using their private money (if you did this game for some rounds you'ld certainly have the billions to generate that demand - it becomes easier the more money you can spend to make a nice bait).
Now, the public money will basically try to jump the bandwagon, hoping for profit taking. But of course most of them will loose much of their money (like in every lottery)... anyway, only the insiders know when they are going to back out with their bait, that has grown a lot in the process. And everyone who misses this point of no return is doomed to pay the big profits of the insiders. To cover the tracks a little bit, wait for a "good" reason to back out. Every quarter of a year you have a potentially good reason... e.g. the quarterly figures did not triple like expected (sarcasm intended).

Now a more perverted way to do this, is to be in a position where you can assign public/hedge-fund money to such honey pots. Lets say as a member of the steering committee of banks, funds... you name it. So, you assign the money that isn't yours to the honey pot and if somebody asks why, silence him with the latest profit ratings. At the same time you add your own money to the pot. Since you are well connected with your robber colleagues (they work in other banks/funds), you can set the right time to withdraw your own investment (you basically define your own culmination point of the bubble). This little trick allows you to shift large amounts of public money (thats not yours yet) to your own accounts. And on top of it you can claim bonus payments for the year where the bubble was still growing. You don't have to pay these bonus payments back next year, when the bubble bursts, thats the nice thing about it.

The only problem, you need to be well connected with the right people and have some 100 million or some billion dollars of cash on your accounts.

Last edited by Jinto; 2011-05-19 at 13:57.
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Old 2011-05-19, 14:34   Link #13791
ganbaru
books-eater youkai
 
 
Join Date: Dec 2007
Location: Betweem wisdom and insanity
China acknowledges downside to Three Gorges Dam
http://www.reuters.com/article/2011/...74H30720110518
Quote:
(Reuters) - China's landmark Three Gorges Dam project provides benefits to the Chinese people, but has created a myriad of urgent problems from the relocation of more than a million residents to risks of geological disasters, the Chinese government said on Thursday.
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Old 2011-05-19, 15:29   Link #13792
flying ^
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anyone here seen this documentary from NatGeo?



it turns out this adult baby is getting taxpayer-funded benefits!

http://www.chicagonow.com/blogs/publ...ring-baby.html
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Old 2011-05-19, 16:57   Link #13793
SaintessHeart
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Join Date: Nov 2007
Age: 25
Quote:
Originally Posted by Vexx View Post
I firmly believe it is hype-flation as you say. Clueless investors are looking for the "last big Internet bubblet" and what do we have offered? A lame resume repository. I started to put in an resume entry and immediately the words "identity theft hell" came to mind. I will give it some points for *SO FAR* not suffering the fate of Monster.com (which has become a den of inequity, scum, and villainy).

The main thing giving it any legs is that the HR departments are drooling because it means they have even MORE time to sit around eating donuts and expanding their huge butts rather than doing proper work supporting the hiring managers.
Dropped by Yahoo!Finance and found this. It registered itself as a public-owned corporation, share price around that of oil's, but there are absolutely no financials; no balance sheet, no income statement. And any trader/investor/speculator should know never to hold a stock where there are absolutely no data for it.

Hopefully anyone who bought the IPO had dumped them by now before the SEC chief step into limit trade proposals. Get your cash off the table, this company certainly looks more dodgy than real, but I don't know why SEC is doing nothing about it.

I'll do an update during breaktime in school. This should be an interesting example to be made out of the general public.

Quote:
Originally Posted by Jinto View Post
Now a more perverted way to do this, is to be in a position where you can assign public/hedge-fund money to such honey pots. Lets say as a member of the steering committee of banks, funds... you name it. So, you assign the money that isn't yours to the honey pot and if somebody asks why, silence him with the latest profit ratings. At the same time you add your own money to the pot. Since you are well connected with your robber colleagues (they work in other banks/funds), you can set the right time to withdraw your own investment (you basically define your own culmination point of the bubble). This little trick allows you to shift large amounts of public money (thats not yours yet) to your own accounts. And on top of it you can claim bonus payments for the year where the bubble was still growing. You don't have to pay these bonus payments back next year, when the bubble bursts, thats the nice thing about it.
Guess what? Your bank could be buying into these funds with your savings to generate investment revenue. And that of a few hundred-thousand other customers'.

Enjoy your sleep tonight.
__________________

When three puppygirls named after pastries are on top of each other, it is called Eclair a'la menthe et Biscotti aux fraises avec beaucoup de Ricotta sur le dessus.
Most of all, you have to be disciplined and you have to save, even if you hate our current financial system. Because if you don't save, then you're guaranteed to end up with nothing.
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Old 2011-05-19, 18:53   Link #13794
Ithekro
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Age: 36
An American stance change concerning Israel? Maybe, maybe not.
http://www.msnbc.msn.com/id/43091459...deast_n_africa

So the President wants to go with 1967 borders with negotiated swapping room?
Hmmmm.
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Old 2011-05-19, 20:08   Link #13795
ganbaru
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Quote:
Originally Posted by Ithekro View Post
An American stance change concerning Israel? Maybe, maybe not.
http://www.msnbc.msn.com/id/43091459...deast_n_africa

So the President wants to go with 1967 borders with negotiated swapping room?
Hmmmm.
Many republicans already started to accuse the president of betraying Israel.

One thing, what's the problem for Israel with the 1967 border beside the fact than much colons are outside of them ?
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Old 2011-05-19, 20:18   Link #13796
Ithekro
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Probably Jerusalem and some fairly old settlements built since 1967 in the West Bank.
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Old 2011-05-19, 21:54   Link #13797
Vexx
Obey the Darkly Cute ...
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Join Date: Dec 2005
Location: On the whole, I'd rather be in Kyoto ...
Age: 57
Quote:
One thing, what's the problem for Israel with the 1967 border beside the fact than much colons are outside of them ?
Really, you'd have to have a strategic resource map of the area to answer that question (water sources, arable land, minerals, etc). In some respects, its more about that than "religion" or "ethnic groups".
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Old 2011-05-19, 22:07   Link #13798
Ithekro
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One would need a current map of Israeli settlements and what they are doing to understand I guess compared to that resourse map.
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Old 2011-05-19, 22:26   Link #13799
sa547
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Join Date: Oct 2007
Location: Philippines
Age: 37
It took a controversial abduction case to make the Japan government focus on the problem:
http://www.bbc.co.uk/news/world-asia-pacific-13465814

No foreign parent wants to be screwed over.
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Old 2011-05-20, 02:25   Link #13800
bladeofdarkness
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Join Date: Dec 2007
Location: at GNR, bringing you the truth, no matter how bad it hurts
Age: 30
Quote:
Originally Posted by Ithekro View Post
So the President wants to go with 1967 borders with negotiated swapping room?
Hmmmm.
I really don't get what makes this a change.
unless I'm missing something, this is EXACTLY the formula that was being talked about all decade.
a final border based on the 1967 armistice lines.
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