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Obviously you don't get to lose a billion dollars of your employer's or customers' money unless you appear to be a person capable of making good profits with these assets. Is anyone surprised by this finding?
      


Excerpted from Thom Hartmann's newest book, Screwed; The Undeclared War Against the Middle Class -- And What We Can Do About It

The most ancient form of democracy is found among virtually all indigenous peoples of the world. It's the way humans have lived for more than 150,000 years. There are no rich and no poor among most tribal people--everybody is "middle class." There is also little hierarchy. The concept of "chief" is one that Europeans brought with them to America--which in large part is what produced so much confusion in the 1600s and 1700s in America as most Native American tribes would never delegate absolute authority to any one person to sign a treaty. Instead decisions were made by consensus in these most ancient cauldrons of democracy.

The Founders of this nation, and the Framers of our Constitution, were heavily influenced and inspired by the democracy they saw all around them. Much of the U.S. Constitution is based on the Iroquois Confederacy--the five (later s... read full post
      


Pretending that your "investment" has a higher value, merely sets up future disappointments.
Liked by  Peter Egan Jr.  Disha patel  
      


Read also: Traders’ brains: Rogue hormones – Bad trade? Blame the adrenal cortex

What makes individual stockbrokers blow billions in financial markets with criminal trading schemes? According to a new study conducted at a Swiss university, it may be because share traders behave more recklessly and are more manipulative than psychopaths.

According to a new study at the University of St. Gallen, one contributing factor may be that stockbrokers’ behavior is more reckless and manipulative than that of psychopaths. Researchers at the Swiss research university measured the readiness to cooperate and the egotism of 28 professional traders who took part in computer simulations and intelligence tests. The results, compared with the behavior of psychopaths, exceeded the expectations of the study’s co-authors, forensic expert Pascal Scherrer, and Thomas Noll, a lead administrator at the Pöschwies prison north of Zürich.
      


things will not be getting any better- people need to be aware of this- there is no magic pixie dust- or cure all-
we will continue to expand our presence in the middle east-to take their oil- calling it ours- our presence in their countries has nothing to do with good will or the desire to spread democracy- and save us from terrorism-
i would have to wonder what the people over there think about the tactics of the united states- with our assassination-stealth predator drone attacks - and our night raids on the homes of families there at an ever increasing rate=i think that the lie of us being peace bringers falls on deaf ears as they bury their children/ husbands/wives.....or end up prisoners in some putrid torture camp-with no expectation of being treated fairly or any reasonable thought of going to trial on trumped up charges in many cases- etc.....nope- they do not see the peacekeeper there behind the army uniform
it is very sad- our country has come to this- and has change... read full post
Liked by  robm47  
      


Banks such as UBS spend large amounts of money on information systems. If a bank is unable to monitor the risks taken by an individual trader, does this imply incompetence or deliberate blindness. Make money, and we won't ask any questions.
      


♫♪ Happy Birthday to You Julia ! ♪♫
      


must be right around the time she found god-no doubt
Liked by  Disha patel  robm47  
      
  1. robm47  @doodleicious There you go with that wit again!



I believe Murdoch that he didn't take in what he was being told. How many times have you sat telling a manager something important, when his mind has been on his own agenda? With his pay packet, Murdoch probably thinks a paltry half mill is not worth the lawyers wittering on about.

The point is: if he wasn't listening, he should have been, but he's too inexperienced a manager to focus on the small things (just half a million - sign it off).
      


This is just another reminder of how safe your personal information is even when in the hands of a trusted institutions like your alma mater. We have all come to fear the activities of rogue hackers, who prey on our computers - the simply fact is that most breaches occur because complete disregard or lack for of data management practices.
For example, several months ago, I received a personal data breach notice from CBR.com (my cord blood bank) - an employees car was stolen along with their laptop which contained all of their customer data. These folks are trusted with my families DNA - hopeful they manage that better than my data.
All told, I have received 3 such notifications in the last few years.
The moral of the story - protect yourself by setting up credit watches with the credit report agencies.
Liked by  Disha patel