Even as Massey polluted the environment and exploited its employees, Blankenship cast himself as the true savior of West Virginia workers, who he claimed were being stifled by radical environmentalists perpetuating the hoax of climate change and by government bureaucrats imposing job-killing regulations. Increasingly he entered the political fray, spending millions to promote his anti-government philosophy.
Above is the one-time mountaintop estate of this gangster.
Some trading systems have prolonged periods of winning or losing trades. Long winning streaks may be followed by a prolonged period of drawdown. Wouldn’t it be nice if you could minimize those long drawdown periods? Here is one tip that might help you do just that. Try applying a simple moving average to your trading system’s equity curve and use that as a signal on when to stop and restart trading your system. This technique just might radically change your trading system’s performance.
In one piece, hopefully :
American Apparel, the one-time arbiter of edgy made-in-America cool, filed for bankruptcy protection early Monday, its business crippled by huge debts, a precipitous fall in sales, employee strife and a drawn-out legal battle with the retailer’s ousted founder, Dov Charney.
Bernanke has been interested in the Great Depression since his grandmother told him stories about it from her front porch in Charlotte, N.C., during quiet summer evenings. Her family had been living in Norwich, Conn., where some children went to school in worn-out shoes or even barefoot because their fathers lost their jobs when the shoe factories closed. That meant their families didn’t have enough money to buy shoes — which presumably would have kept the factories in business and their fathers employed.
I agree for the most part with the following, but how do you distinguish between human actions and a process, the securitization to name it, that once pushed to its limits and at a fragile moment gives birth to monsters all around?
And didn’t Bernanke knew about the unprecedent levels and untested territories of loan originations that were about to be pooled into CDOs ?
I doubt he was unaware.
He would have favored more individual accountability. “While you want to do everything you can to fix corporations that have bad cultures and encourage bad behavior — and the Fed was very much engaged in doing that — obviously illegal acts ultimately are done by individuals, not by legal fictions.”
They look so frail and adorable. Long life to Lykoi kitten :
Humans have been manipulating animal mating for eons, but it’s by no means a primitive task. Breeding is, in one view, a years-long assembly line for turning out increasingly finely tuned products. As in any complex production process, care and attention are required to prevent defects. In breeding animals to be larger or smaller, faster or stronger, hairier or balder, humans manipulate the stuff of life itself, but we are never able to fully control the devilishly complex processes that have evolved over billions of years.
