这 40 天之内大家如果看到我别打招呼。

Paulson and Ben Bernanke are the problem.

Inconsistency does not equal to randomness.

The worst is yet to come.

It is a good sign that more people pay attention to the current status of economy.

The show has just started.

Chinese tax payers 9/06/2008 18:20
The US treasure is selling off during the weekend after the bail-out news. The Chinese tax payer may not realize that a large portion of their tax that their central bank has "invested" on their behalf are now gone.

A corrupted official might embezzle millions, while an incompetent central banker can lose billions overnight. Who should go to jail?
the power of curse 9/05/2008 15:42
刚刚从 company outing 溜回来。


结果今天午餐之后网球之前他去篮球场投了几个球,就把脚给扭了。 天啊

Talking about vision 9/05/2008 00:03
There are at least two important visions in MC's speech today, even though he did not deliever them effectively.

- "For those who lose jobs that will not come back, let's create for them jobs that won't leave."

This is the genuin force that moves the US economy forward. 牛

- "What is the point of giving people access to failed schools? ... Let's find those un-qualified teachers another line of job."

Besides education, 学区制度 has a fundamental impact on the housing market and community building. Reforming it might be the key to solve the current housing and financial crisis. 牛 牛

Needless to say, MC's speech has more content than Obm's. Talking about change, Republican's proposal is much more concrete and closer to reality.

If Republican can make it clearer the difference between the two parties, they will get a land-sliding victory.
周末 9/02/2008 17:11



The breakfast that was highly expected turned out to be just so-so.

All weekend should be like this plus an 8-mile hiking.
Enigma 8/29/2008 18:40

Some quote from a manager who was called to leave of absence on duty last year. His serving term got extended for another year.

"Nearly everyone agrees that our unit has been doing a really good job and has overcome some technical problems and is actually doing good for our troops. I've been over to the troubled region twice now and I can tell you that we are fighting our own technology just as much as we are winning with it. People use the craziest stuff to build bombs. I know I owe you a letter from my command about all of this, and they promised to write one for me.

I know that you all back in the lab could have used my help, as little as it might have been, this year, but I have been told that I made a difference on this team here. What really helps is when I learn that something our team here did makes a difference to those deployed. No one group can fight this fight, it takes the whole country, believe it or not, and I don't think you hear any complaints from the troops. We are grateful for the support we have been getting."

.. 8/28/2008 16:01
This country is surging at top speed to the full-blown recession. No way back and no way to escape.

English 8/27/2008 11:35

好久没开这种主要由非 engineer 出席的会,非常的 refreshing。主要是大部分人英语都很流利,技术词汇少,用词很生动,听着很舒服。

整个会议只有一个 action item,assign 给了会上唯一的一个 lady engineer。 support
Ben Bernanke has officially become a liar today, even by my humble standard.

矛盾 8/21/2008 23:25


天气 8/21/2008 23:09

似乎看到 BlueZ 的背影了。 我晕
Bernanke's firefighter role to be debated at forum
Wednesday August 20, 12:34 pm ET
By Jeannine Aversa, AP Economics Writer
Bernanke to star at economics conference; his financial firefighter role remains up for debate

WASHINGTON (AP) -- Thrust into the role of financial firefighter, Federal Reserve Chairman Ben Bernanke has taken unprecedented steps over the past year to battle the nation's worst credit and financial crises in decades.

For many, the verdict is still out on if he opened up the hoses too widely.

While intended to prevent a broader economic meltdown, the Fed's actions have drawn some criticism on Capitol Hill and elsewhere about whether taxpayers are being put at risk and if expanded safety nets will encourage financial companies to gamble more recklessly in the future.

The Fed's handling of the credit, financial and housing debacles -- which have badly burned the economy -- is likely to spur debate at a high-profile conference this week in Jackson Hole, Wyo. This year's forum will examine past and present financial crises, and the challenges confronting Bernanke and other central bankers as they try to help stabilize financial markets worldwide.

Sponsored by the Federal Reserve Bank of Kansas City, the three-day conference opens Thursday with a reception for Fed policymakers, economists, academics and international central bank officials. The main attraction -- a speech by Bernanke on financial stability -- comes Friday morning, followed by a raft of academic papers and discussions.

At last year's conference, Bernanke was taking heat about whether to start lowering interest rates. He signaled the Fed stood ready to do so. It cut rates seven times from September through April.

The economy is the top concern for voters and of keen interest to presidential contenders Sens. Barack Obama and John McCain, who are gearing up for their party's conventions. Financial and credit problems are expected to smolder into next year.

The International Monetary Fund has described the financial shock as the biggest "since the Great Depression." But Bernanke -- a scholar of the Depression -- has said while the current experience is not "remotely like" that, the ongoing financial distress in the U.S. is among "the most severe episodes of the post War era."

The roots of the current crisis can be traced to lax lending for home mortgages -- especially subprime loans given to borrowers with tarnished credit -- during the housing boom. Lenders and borrowers were counting on home prices to keep zooming. But when the housing market went bust, home prices plummeted. Foreclosures spiked as people were left owing more on their mortgage than their home was worth. Rising mortgage rates also clobbered some homeowners.

"As we look back on it, we see that there were just some serious failures in the management of risks," Bernanke told Congress last month. "The regulators bear some responsibility on that."

As financial companies racked up multibillion-dollar losses on soured mortgage investments, and credit problems spread globally, firms hoarded cash and clamped down on lending. That crimped consumer and business spending, dragging down the national economy -- a vicious cycle the Fed has been trying to break.

To brace the wobbly economy, the Fed has slashed its key interest rate by a whopping 3.25 percentage points, the most aggressive rate-cutting campaign in decades. Yet, those cuts also aggravated inflation.

The Fed has taken a number of unconventional -- and some controversial -- actions to shore up the shaky financial system and to get credit -- the economy's lifeblood -- flowing more freely.

In the broadest expansion of its lending powers since the 1930s, the Fed agreed in March to let investment houses draw emergency loans directly from the central bank. At the time, the Fed feared other investment banks could be in jeopardy after a run on Bear Stearns Cos. pushed it to the brink of bankruptcy. As part of JPMorgan Chase & Co.'s takeover of the failing company, the Fed provided a $28.82 billion loan.

In July, the Fed said troubled mortgage giants Fannie Mae and Freddie Mac also could tap the program. For years, such lending privileges were extended only to commercial banks, which are subject to stricter regulatory supervision. Fannie and Freddie's problems continued this week as concerns over their capital-raising abilities and the prospect of a government bailout caused shares of both to plunge.

The Fed also gave banks another way to tap short-term loans and let investment firms swap risky investments for super-safe Treasury securities. Those programs aim to help squeezed financial companies overcome credit problems so they can keep lending to customers.

Some critics worry the Fed actions could put taxpayers on the hook for billions of dollars and create a "moral hazard," where financial companies might feel more inclined to take extra risks in the future because they believe the Fed will ultimately bail them out.

Bernanke has repeatedly defended the Fed's decisions saying they were needed to avert a financial catastrophe that could have plunged the economy into a deep recession. The Fed chief also has said he doubted taxpayers would suffer any losses.

The Fed "never lost a penny" in past lending maneuvers, Bernanke said.

Some economists and lawmakers blame former Fed Chairman Alan Greenspan for feeding the housing bubble that eventually burst by leaving rates at extraordinary low levels for too long. The Greenspan Fed in the summer of 2003 dropped its key rate to 1 percent, the lowest in more than four decades. The rate stayed there for a year before the Fed started raising rates to curb inflation.

Greenspan also has been criticized for failing to crack down on certain dubious lending practices that led to the explosion of risky subprime mortgages. Greenspan has said the benefit of expanded home ownership in the U.S. was worth the risk.

Bernanke, who took over the Fed in February 2006, pushed for tougher regulations in this area, which were adopted in July.

Worried about inflation, the Bernanke Fed has halted its rate-cutting campaign. The Fed is expected to leave rates at the current 2 percent, a four-year low, when it meets on Sept. 16 and probably through the rest of this year. But Richard Fisher, president of the Federal Reserve Bank of Dallas, wants to boost rates, fearing inflation could get out of hand.

If more Fed members join Fisher's camp next month, Bernanke will find himself trying to douse more fires: a Fed fragmented over when to boost rates, and heightened concerns about inflation engulfing Wall Street and Main Street.
阿三 8/13/2008 12:18
我原来的那个 group 能走的人都走了,省下一个对自己的英语非常有信心的阿三。今天得知果然变成了一个小 lead。 牛

想起最近公司召来的 co-CEO,也是没人敢淌浑水,只有阿三敢于搏一下。

爱拼才能赢啊。 感动
... 8/12/2008 12:58

傻人 keeps asking irrelevant questions, no time left for the real question. 欠揍 欠揍 我靠

What kind of team is this. 打你
A beautiful theme 8/06/2008 22:09
There is only one dissenting vote, casted by the honest gentleman from Texas. 牛

Big Ben and his diciples had better time-travel backward to 1949 and sign up some classes in east asia, so that they can understand turning 市场经济 into 计划经济 cannot be achieved without a revolution.

大家自求多福吧。 祝你好运
  1, 2, 3, 4, 5, 6, 7, 8, 9  
[Time : 0.030s | 30 Queries | Memory Usage: 749.45 KB, used cached content]