Tuesday, September 16, 2008
Props
I must say, Christian Siriano (winner of last season Project Runway) put together the most stunning line of clothes I have ever viewed. I'm not an expert or anything, but go take a look. Wow.
Monday, September 15, 2008
Filed under: FEELING CONFIDENT ABOUT A DECISION
AIG set for $20bn financing plan
AIG shares have fallen around 80% since the beginning of the year.
The State of New York has announced a "multi-billion dollar financing plan" to stabilise the finances of American International Group (AIG).
Under the plan, the insurance firm will be able to gain access to some $20bn (£11.1) by transferring assets in subsidiaries to the parent company.
The move required state approval but Governor David Paterson said no federal or state funds would be used.
Shares of AIG ended 60.8% lower, to close at $4.76 Monday.
Before Mr Paterson's comments they had fallen as much as 71%.
"Wall Street's continuing problems should serve as a stark reminder that this recession is far from over. New York State has taken the first step towards helping to stabilise AIG, which is otherwise a very healthy company," said Mr Paterson.
"On a state level, we were able to reach a market-based solution that will stabilize AIG at no cost to New York taxpayers," he said.
He added that policyholders and their insurance policies would be safe.
AIG is under pressure to raise capital after posting three quarterly losses in a row totalling $18.5bn (£10.3bn).
The New York Times reported over the weekend that AIG was seeking a $40bn emergency bridging loan from the Federal Reserve, the US central bank.
AIG's stock has fallen following losses tied to worsening credit markets.
'Unprecedented days'
AIG, like many other financial institutions, has suffered because of investments hit by the housing slowdown and an increase in defaults.
The slide in AIG's share price came after Lehman Brothers filed for bankruptcy and Merrill Lynch was sold to Bank of America.
"AIG was until recently the world's largest insurance company. It provides over a hundred billion dollars of capital to banks, and it is in trouble too," said Jon Moulton at Alchemy Partners.
"These really are unprecedented days."
I don't like to blog about job specifics, but, BOY do I feel snazzy today about leaving my Merrill Lynch centered department within AIG six months ago. What do you think?
AIG shares have fallen around 80% since the beginning of the year.
The State of New York has announced a "multi-billion dollar financing plan" to stabilise the finances of American International Group (AIG).
Under the plan, the insurance firm will be able to gain access to some $20bn (£11.1) by transferring assets in subsidiaries to the parent company.
The move required state approval but Governor David Paterson said no federal or state funds would be used.
Shares of AIG ended 60.8% lower, to close at $4.76 Monday.
Before Mr Paterson's comments they had fallen as much as 71%.
"Wall Street's continuing problems should serve as a stark reminder that this recession is far from over. New York State has taken the first step towards helping to stabilise AIG, which is otherwise a very healthy company," said Mr Paterson.
"On a state level, we were able to reach a market-based solution that will stabilize AIG at no cost to New York taxpayers," he said.
He added that policyholders and their insurance policies would be safe.
AIG is under pressure to raise capital after posting three quarterly losses in a row totalling $18.5bn (£10.3bn).
The New York Times reported over the weekend that AIG was seeking a $40bn emergency bridging loan from the Federal Reserve, the US central bank.
AIG's stock has fallen following losses tied to worsening credit markets.
'Unprecedented days'
AIG, like many other financial institutions, has suffered because of investments hit by the housing slowdown and an increase in defaults.
The slide in AIG's share price came after Lehman Brothers filed for bankruptcy and Merrill Lynch was sold to Bank of America.
"AIG was until recently the world's largest insurance company. It provides over a hundred billion dollars of capital to banks, and it is in trouble too," said Jon Moulton at Alchemy Partners.
"These really are unprecedented days."
I don't like to blog about job specifics, but, BOY do I feel snazzy today about leaving my Merrill Lynch centered department within AIG six months ago. What do you think?
Friday, September 12, 2008
Jukebox Friday - My daily soundtrack
Apparently, while we were gone on vacation, an entire village relocated to our apartment complex and they all moved into the apartments that share a common area right below our balcony. Some of them have nice quiet kids, but, in all honesty, there are about 4 little boy childrens that are HORRIBLE. This is a CONSTANT occurrence...I did the above video this morning while I was eating breakfast. While I type this, the kids are screaming again. By the time I post this blog, they will have about a dozen more instances of screamage. I have cover letters and resumes to send out, but I can't seem to FOCUS on these very important tasks with the shrieking. It's not just screaming and shrieking either...OH NO. One of their little bikes has a clown horn on it. One of the little horrid boys says "ommma. momma. momma. om. omma. MOMMA. MOMMA. MOMMAAA. MAmAAAAAAAAA" over and over and over and over (until he starts screaming). Then there is the crying. The one kid below us cries an abnormal percentage of the day and it makes me want to call child protection services just to ask some questions. I've babysat kids since I was 12 years old and I have NEVER witnessed children outright SCREAMING as much as these kids.
It is a constant battle to keep my sanity.....and we actually cannot wait for winter.
Thursday, September 11, 2008
Wednesday, September 10, 2008
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