Archive for November, 2010

Curtis Rapp Part for DQM

Tuesday, November 30th, 2010

DQM brings us a sick Curtis Rapp part. Via: These Video Days.

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Italy calling

Tuesday, November 30th, 2010

I’m about to set off on holiday to Italy (Sicily) for the first time since I became a barista several (many?!) years ago! This is not a working holiday, or some sort of coffee-exploration holiday – it’s just a very welcome holiday! But, it IS Italy, the birthplace of espresso, and one of the few [...]

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The Types of Tea and Their Chaqi: White Tea

Tuesday, November 30th, 2010

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The 233-Line Kernel Patch and the (Even Easier) Alternatives

Tuesday, November 30th, 2010

Ingenuity has always been a hallmark of the Linux world, but sometimes the community really outdoes itself. Take the 233-line patch to the Linux kernel’s scheduler that was recently created by developer Mike Galbraith, for example. With the ability to reduce the average latency of the desktop by as much as 60 times under heavy loads, the patch even drew kudos from Linus himself.

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Athletics to Meet With Lance Berkman

Tuesday, November 30th, 2010

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Lance BerkmanThe Oakland A’s will meet with free agent Lance Berkman on Tuesday, according to the Associated Press, as they search for ways to improve an offense that ranked 11th in the American League in runs scored last season.

Berkman his .248 with 14 homers and 58 RBI between Houston and New York in 2010, a significant drop-off from his star-caliber production during the middle of the decade, but Oakland is desperate for the thump even a diminished Berkman could provide. It ranked 13th in homers and 12th in slugging in the league last year.

One potential stumbling block could be Berkman’s desire to play in the field. He describes himself as a first baseman and outfielder, not as a designated hitter, even though he hit .286 in 25 games there last season with the Yankees.

 

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Source: http://mlb.fanhouse.com/2010/11/30/as-to-meet-with-free-agent-lance-berkman/

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Here’s Why Raids Without Arrests Are Still Bad News For Hedge Funds Connected To New Scandal

Tuesday, November 30th, 2010

inside traders

Just because there’s only been one arrest in the wake of last week’s FBI raids and multiple subpoenas, does not mean that serious and long-lasting damage has not been done to the hedge funds involved.

Reuters has a good survey of legal opinions suggesting that there will almost certainly be enduring, negative consequences.

“In the financial world, you are often guilty until proven innocent, not the other way around,” one expert explained.

William Brandt, who advises troubled hedge funds, also said that while such investigations don’t necessarily mean certain death for a firm, “it is pretty close.”

Here’s why:

  1. “FBI raids are rare on Wall Street.” Usually, prosectors just get a subpoena to extract the information they need. A raid is a big deal – apparently FBI agents ordered Diamondback employees to put their hands in the air as they stormed the hedge fund – and is generally used usually to bust up “the likes of “pump and dump” brokerages that are selling worthless stock to the public.” (This is good news for SAC Capital, and bad news for Level Global, Diamondback and Loch Capital).
  2. More back-and-forth means more redemptions. Even without images of feds rolling in and out of your offices with boxes of paper, just the implication of shady dealings is damaging. Loch Capital apparently already saw massive withdrawals simply because the fund was mentioned in relation to the Galleon probe. And Frontpoint has apparently received requests for about $3 billion in redemptions after it was implicated in another insider trading case.
  3. Costs are going to increase and less money will be coming in. Top employees looking for employment elsewhere may require more money to stay put, but investments will be dwindling.
  4. History repeats itself. Art Samberg liquidated his fund, Pequot Capital, months before he settled an insider trading case. And more recently, FrontPoint liquidated its health care fund after it was implicated in another insider trading scandal. 

For the full story, go to Reuters >

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Source: http://feedproxy.google.com/~r/businessinsider/~3/5yHL5k6TIAU/analysis-raided-us-hedge-funds-face-a-long-struggle-2010-11

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Italy calling

Tuesday, November 30th, 2010

I’m about to set off on holiday to Italy (Sicily) for the first time since I became a barista several (many?!) years ago! This is not a working holiday, or some sort of coffee-exploration holiday – it’s just a very welcome holiday! But, it IS Italy, the birthplace of espresso, and one of the few [...]

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Second Stop Cafe in Williamsburg, Brooklyn

Tuesday, November 30th, 2010

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Putting Flowers in Coffee

Tuesday, November 30th, 2010

Putting flowers in coffee.

Source: http://puttingweirdthingsincoffee.com/2010/10/16/putting-flowers-in-coffee/

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Statement by the Press Secretary, 11/24/10

Tuesday, November 30th, 2010

Release Time: 
For Immediate Release

On Wednesday, November 24, 2010, the President signed into law:

S. 3774, which extends through September 30, 2011, the deadline for States to spend supplemental disaster relief funds provided through the Social Services Block Grant program.

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