Archive for September, 2008
Tags: asides, comic, height, humour, web, Xkcd
Tags: asia, asides, F1, Grand Prix, photos, Singapore, the big picture
Tags: AIG, asides, finance, insurer, New York, New York Times, news, NYT, risk, Wall Street
Excellent article over at the NYT about what exactly happened at AIG. AIG was bailed out by a $85 billion Fed loan.
Tags: asides, banks, credit, crisis, finance, free market, Goldman Sachs, government, intervention, Morgan Stanley, news, seizure
It’s not just the US govt that steps in to help during the credit crisis, foreign govts in Europe are doing this as well in order to halt the crisis. Meanwhile, Morgan Stanley and Goldman Sachs have both become bank holding companies, operating under stricter federal guidelines and supervision, but having access to Fed credit loans.
Tags: asides, citigroup, finance, markets, news, wachovia
Citigroup has decided to purchase Wachovia for $2.2 billion, which turns out to be about $1 a share. Furious negotiations were happening over the weekend to make this happen. They came to an agreement early this morning, at about 4AM.
The deal further concentrates Americans’ bank deposits in the hands of three banks: Bank of America, JPMorgan Chase and Citigroup will control more than 30 percent of the industry’s deposits.
Tags: Breaking & Entering, drama, fox, Panama, prison, Prison Break, Prison Break S04E02, recap, review
Prison Break is an American serial drama television series that premiered on the Fox Broadcasting Company on August 29, 2005. The story revolves around a man named Lincoln Burrows who was sentenced to death for a crime he did not commit and his brother Michael Scofield’s elaborate plan to help him escape his death sentence.
Created by Paul Scheuring, the show is produced by Adelstein-Parouse Productions in association with Original Television and 20th Century Fox Television. The current executive producers are Paul Scheuring, Matt Olmstead, Kevin Hooks, Marty ,Brett Ratner.
The show is currently in its third season. The uniqueness of Prison Break is attributed to its serialized story structure, a similar format used by Lost and 24, and to its setting, as very few television series were primarily set and filmed in a prison. Its success and recognition as a prison drama revived interest in the genre following the success of Oz.
I’m a bit late, but the fourth season of Prison Break just started. Three shows have already been aired. I wondered how I would find these episodes. This episode was also pretty good. Even if you think that they wouldn’t really find a way to continue the narrative, it continues to be riveting. The crew is faced with multiple problems on a lot of different fronts. Will they be able to find a way through them?
In this episode, we learn that Gretchen/Susan is still alive. She’s being held captive by Wyatt, the assassin. They are torturing her for information about the crew. She hasn’t told them anything yet. They also get what they were after. They learn something very disheartening about Scylla.
Warning: Spoilers ahead.