Watching the changes. Anticipating the change.

Twenty Economic Models Explained...

Mon May 25, 2009 5:38 AM EDT

(with apologies to all my friends at 85 Broad and any Trans-Tasman sheep f#$kers...) SOCIALISM You have 2 cows. You give one to your neighbour. COMMUNISM You have 2 cows. The State takes both and gives you some milk.

Continue reading this entry ...

business, humour, cows, capitalism

FASB eases mark to market rules for US banks

Seeded on Thu Apr 9, 2009 5:56 AM EDT (Australian News Network)

This is not just a boring accounting story: this is an obscence scandal that will once again pull the wool over investors eyes, allowing companies to assign ridiculous future values on assets, rather than placing the only truly measurable value on them - today's price.

business, fasb, accounting, valuations, mark-to-market

Money's short to pay for new Boeing, Airbus jets, experts warn

Seeded on Wed Mar 18, 2009 5:23 AM EDT (The Seattle Times)

Both Boeing and Airbus have weathered the financial storm relatively well thanks to a huge ordeer backlog: however, the unique and complex world of aircraft financing has been brutally battered and as a result, completed planes may simply not be able to be picked up by airlines e …

business, boeing, aircraft, aviation, aerospace, finance, economy

"...the equivalent of three levels of dog @!$%# "...The End of Wall Street's Boom

Seeded on Tue Mar 10, 2009 8:25 AM EDT (Portfolio.com: Top 5)

A superb piece by someone who saw it coming 2 decades ago. Michael Lewis was somone who was at the nexus of the game a long time ago, and has managed to find another group of people for whom this crisis was vindication of what the corruption of free enterprise can lead to.

business, bons, cdo, economy, derivatives, banks, morgan-stanley, merrill-lynch

Banking System Nearly Evaporated Last Fall

Seeded on Sat Feb 21, 2009 5:38 AM EST (NewsMax)

I have heard a few whispers of this over the past few months but this largely confirms how close it all came to ending: whilst it may be hard for some to expect that the world system is so fragile that it could blow itself apart as per this article, the reality is that our financ …

business, banks, banking, finance, crisis, economy

Why America is broke: Federal obligations exceed world GDP

Seeded on Sun Feb 15, 2009 1:52 AM EST (WorldNetDaily News )

When are people going to wake up and understand what is happening? As if spending any more will get America out of the mess that has been ignored for too long...

business, deficit, budget, economy, bankruptcy, government, treasury

The Real U.S. Unemployment Rate: Why it could be north of 15%...

Seeded on Tue Feb 10, 2009 8:37 AM EST ()

The Shadowstats website has some very interesting analysis, but it's the raw numbers that tell the story. Is it possible that the true US unemployment rate could be double what is being reported? It would appear so...

us-news, unemployment, economy, jobs, statistics

Iceland's Meltdown

Seeded on Sat Dec 13, 2008 12:23 AM EST (theatlantic.com)

A very nice graphic of what went wrong with Iceland. Don't laugh, America may well be next...

business, iceland, crisis, finance, economy, banks, banking, debt

China's first homegrown airliner makes maiden flight

Seeded on Mon Dec 1, 2008 4:27 AM EST (The Sydney Morning Herald)

Bad news for Bombadier and Learjet today, worse news for Boeing and Airbus tomorrow. The Chinese have successfully test flown for the first time an indigenous business jet, one that will prove the stepping stone to a full blown 120-odd seat new generation 737/A320 competitor.

technology, arj-21, china, prc, aircraft, aviation, aerospace, boeing, jet, commercial-aviation

Porsche hits record results on the back of VW shares

Seeded on Sat Nov 8, 2008 10:20 PM EST (The Sydney Morning Herald)

Porsche car and SUV sales have taken a brutal hammering and the situation is likely to get much worse very soon. Yet Porsche's financial results are obscenely the best ever. Why? Porsche is not only good at making cars, but at also making brilliant financial plays...

business, porsche, economy, vw, volkswagen, germany, hedgefunds, profit, options

Obama's Secret Mistress?

Seeded on Sun Oct 26, 2008 1:19 AM EDT ()

Maybe a storm in a teacup, but who doesn't like a bit of a sordid scandal this late in the piece? Michelle Obama would have every reason to be worried, this Vera is an absolute doll.

politics, election, infidelity, obama, vera-baker, vera, scandal, presidency, president

Taiwan implicitly questions credit-worthiness of US government

Seeded on Sat Oct 25, 2008 10:49 PM EDT (Barron's Markets)

This will only be reported sporadically, but it represents one of the most dangerous turns yet in the credit crisis: a major sovereign holder of US debt and an ally of the US is questioning the viability of US government guarantee.

business, taiwan, debt, mortgages, fannie-mae, freddie-mac, treasuries, finance

Lehman Brothers Lists Debts Of $613 Billion In Chapter 11 Filing Monday

Seeded on Mon Sep 15, 2008 9:03 AM EDT (CNN)

Ummm...well what can I say? This is absolute criminality...and probably understated. The assets are supposed to be worth $639 billion, but in reality there is no way they will come anywhere near to having cash of this value.

business, lehman-brothers, bankruptcy, banking, finance

Final Gasps of a Doomed Currency: the slow desmise of the US$

Seeded on Mon Sep 15, 2008 5:07 AM EDT ()

The reality of Lehman Brothers is that it is but one ember in a firestorm that is about to embark the entire global financial landscape.

business, finance, lehman-brothers, economy, recession, depression

Russia stokes pro-Kremlin feeling in Ukraine

Seeded on Sun Aug 24, 2008 1:34 AM EDT (Telegraph)

Make no mistake, the situation in Crimea easily has the ability to sow the seeds of World War III.

world-news, crimea, ukraine, navy, russia, nationalism, sevastopol

America locked put of the Final Frontier? Georgia crisis sparks a new Cold War in space

Seeded on Sun Aug 24, 2008 1:25 AM EDT (Telegraph)

This should be the ultimate lesson for America: never lose its indepedent space capability.

technology, russia, china, prc, space, nasa, space-shuttle, georgia, war

Goldman Sachs kicking Citigroup - takeover looming?

Seeded on Thu Aug 21, 2008 8:13 AM EDT (Yahoo! Finance)

The old adage that you should "Never kick a man when he's down because when he gets up, he may be greater than you" is now "when a man is down, make sure you kick him hard enough that he will never get up again." Goldman Sachs has taken a brutally agressive tone against the wanin …

business, citibank, citigroup, banks, banking, finance, goldman-sachs

Israeli military advisors helping Georgians rout Russians in South Ossetia

Seeded on Fri Aug 8, 2008 7:13 AM EDT (debka.com)

A conflict which has brewed for months is now threatening to explode in a region that is hardly in need of more instability.

world-news, russia, israel, georgia, ossetia, military, army, oil, defense

US airline catastrophe looming

Seeded on Sat Jun 14, 2008 8:54 PM EDT (The Sydney Morning Herald)

In many ways, the current oil prices are a more serious threat to the US airline industry than the dark days of post-9/11 - even then there was a quiet consensus that the crisis would blow over.

business, aircraft, aviation, aerospace, airlines, usa-airlines, oil, energy, bankruptcy

Hillary - 'And There I Was...'

Seeded on Sat Apr 26, 2008 7:06 AM EDT (Jeff Rense Program)

Cartoonists can be cruel...

politics, hillary-clinton, cartoons, election, courage-under-fire, liar, falsehood, lies, presidency

Chinese take intellectual property theft to a whole new altitude: Russia may sue China over pirated Su-27 fighter

Seeded on Tue Apr 22, 2008 8:25 AM EDT (Business Standard)

Ha ha ha ha ha! Please excuse me whilst I pick myself up off the floor and change my Y-fronts.

technology, su-27, china, prc, russia, copying, aircraft, aviation, aerospace, j11b

What Airbus Learned from the Dreamliner

Seeded on Sat Apr 19, 2008 6:14 AM EDT (Business Week)

The A350-XWB is going to be Airbus' answer to the 777 as well as the 787 and you can bet Airbus has been carefully studying Boeing's pain with the latter's development, learning such advanced ideas as not making stupid promises pertaining to outside suppliers you have no control …

business, airbus, eads, boeing, a350-xwb, aircraft, aviation, 777, 787, aerospace

Boeing to ask unions to drop pension plans for new hires

Seeded on Sat Apr 19, 2008 5:40 AM EDT (Seattle Post-Intelligencer)

Among the many benefits of being an employee for Boeing, the pension plan was high on the list.

business, boeing, aircraft, aviation, aerospace, pension-plan, employment, 401k

Merrill and Citigroup wield axe as 3,500 London jobs set to be cut

Seeded on Sat Apr 19, 2008 5:32 AM EDT (Telegraph)

The jobs that will be cut are largely for people that were lucky to be in investment banking to start with, but some of theose cuts will impact highly capable people who have been caught up in the fallout from the greed and bad decisions of those who preceeded them.

business, banks, banking, investment, london, finance, citibank, citi, citigroup, merrill-lynch

FUBAR Central: Pentagon's Project Management blasted by GAO

Seeded on Tue Apr 1, 2008 5:51 AM EDT (The Washington Post)

I often heard conspiracy theories when I was in the US by people involved in the Iron Triangle, focusing on the need not to believe the stories of waste of money by military projects - pretty much the hundreds of billions of dollars 'mismanged' every 5 years or so was going to de …

us-news, gao, pentagon, military, defense, army, navy, usaf, budgets, accountability

– Show More

Comments & Feedback

You should meet http://atticusmullikin.newsvine.com/ Atticus Mullikin.

Wonderful stuff!

— Megan To Pagan

Bozzor, dear,

Be as smart as possible, with charm and humor, for the next few days, because I am touting you as a wonderful addition to a super exclusive group.

No pressure.

epi

p.s. I love your writing; the airplanes? . . . over my head.

— epiphany sorbet

If I'm not mistaken amasters avatar is a Boeing 787! Oh, and I think Bozzor's great!

:p

— Michael Kohlhaas

This guy knows a lot of weapons and military things but if I'd never met him on Newsvine I would never have know just how serious were the Ukrainian genocides of the last century. I stay close to his column if somewhat far from his politics.

— Oluseye

Bozzor shows tremendous knowledge and obvious enthusiasm for planes and transport in general, along with watching what Macquarie Bank are up to. Very insightful political comments that are interesting to read. One of the best Newsviners for a range of issues!

— robertmenzies

Insightful, funny and informative, Borys gives a bit of corporate class to Newsvine. A great focus on aviation, defense, transport and banking with a bit of geo-politics thrown in, he always makes for an interesting read.

— jkelman

Knows more about building planes than the guys who actually build them - hey buddy, you still off the Evan Williams, or can we welcome you back???

— amasters