A designer, Max Lamb, decided to return to his favourite beach on the south coast of Cornwall, UK, to make stools utilizing a primitive form of sand-casting. A childhood spent building sandcastles inspired Lamb to design stools by pouring molten pewter into a sand mould and hand sculpt it into the beach.
The diary entry of Theodore Roosevelt, the U.S’s 26th President, on Valentine’s Day in 1884. The day both his wife and mother died.
$15 TRILLION is equivalent to the the federal debt of the U.S. Treasury Department. Lord James of Blackheath has spoken in the House of Lords holding evidence of three transactions of 5 Trillion each and a transaction of 750,000 metric tonnes of gold and has called for an investigation.
I think there are three possible conclusions that may come from it. I think there may have been a massive piece of money laundering committed by a major government which ought to know better and that it has effectively undermined the integrity of the British bank the Royal Bank of Scotland, in doing so. The second alternative is that a major American department has an agency that has gone rogue on it because it has been wound up and has created a structure out of which they are seeking to get at least 50 billion Euros as a payoff. And the third possibility is that this is an extraordinarily elaborate fraud which has not been carried out but which has been prepared in order to provide a threat to one government or more if they don’t pay them off. So there are three possibilities and this all needs a very urgent review.
My Lords, it starts in April and May of 2009, with the alleged transfer to the United Kingdom, to HSBC of a sum of 5 trillion dollars and seven days later, in comes another 5 trillion dollars to HSBC, and then 3 weeks later another 5 trillion. 5 trillion in each case. Sorry. A total of 15 trillion dollars is alleged to have been passed into the hands of HSBC for onward transit to the Royal Bank of Scotland and we need to look at where this came from and what the history of this money is. And I have been trying to sort out the sequence by which this money has been created and from where it has come from for a long time.
An American marine in Afghanistan does an outstanding impression of Herbert the Pervert from Family Guy while sharing some candy with the local kids. Appalling satire aside, it’s truly touching to see unedited interaction between soldiers and locals. Extra points for the accidental lightsaber effects.
Solvay Conference, 1927
Back: A. Piccard, E. Henriot, P. Ehrenfest, E. Herzen, Th. De Donder, E. Schrödinger, J.E. Verschaffelt, W. Pauli, W. Heisenberg, R.H. Fowler, L. Brillouin;
Middle: P. Debye, M. Knudsen, W.L. Bragg, H.A. Kramers, P.A.M. Dirac, A.H. Compton, L. de Broglie, M. Born, N. Bohr;
Front: I. Langmuir, M. Planck, M. Curie, H.A. Lorentz, A. Einstein, P. Langevin, Ch. E. Guye, C.T.R. Wilson, O.W. Richardson
Sovereigns Of The World, 1889
From Left To Right:
- Yohannes IV of Ethiopia
- Tewfik Pasha of Egypt
- Sultan Abdülhamit II of the Ottoman Empire
- Naser al-Din Shah Qajar of Persia
- Christian IX of Denmark
- Luís I of Portugal
- William III of the Netherlands
- Pedro II of Brazil
- Milan Obrenović IV of Serbia
- Leopold II of Belgium
- Alexander III of Russia
- Wilhelm I, German Emperor
- Franz Joseph I of Austria
- Victoria of the United Kingdom
- Jules Grévy of France
- Pope Leo XIII
- Emperor Meiji of Japan
- Guangxu Emperor of China
- Umberto I of Italy
- Alfonso XII of Spain
- Oscar II of the United Kingdoms of Sweden and Norway
- Grover Cleveland of the United States of America
I bet they had some brilliant drunken conversations after these gatherings!
Image Source & Further Reading: Wikipedia: 1, 2.
Total Corporate Income Tax In 2011
Corporations will pay a total of $247.2 billion in state, local and federal income tax this year.
Every Home In Detroit And Tampa
Apple is worth more than all the homes in Detroit, MI ($153.1 billion) and Tampa, FL ($146.3 billion) combined.
The Great Wall Of China
3.873 billion bricks in the Great Wall of China * $.52 per brick = Apple is worth more than the Great Wall of China.
The economic cost of obesity in America is $300 billion.
45 Days Worth Of Global Oil Consumption
Apple is worth more than 45 days of worldwide oil consumption – Roughly $7 billion per day assuming 86 million barrels a day at $83 per barrel (Nymex Crude).
= All 32 Euro Zone Banks
The DJ STOXX euro zone banks index is valuing its 32 members at $340 billion.
In contrast, Apple’s market capitalization has soared to $340 billion on the back of the success of innovative technology products like iPods, iPhones and iPads.
Click for interactive feature
Banks are complicated, and especially in this age of too-big-to-fail, they often house a number of thorny practices under one roof – practices that, as we learned the hard way in the fall of 2008, can be difficult to regulate.
When the Dodd-Frank Act was passed a year ago, lawmakers and citizens hoped it would usher in a more robust and effective system of oversight. The law created several new regulatory agencies to deal with the challenges of keeping the most complex financial industry in the world in check. These intricately named agencies include the Financial Stability Oversight Council and Consumer Financial Protection Bureau and join a lineup that already boasts the Office of Thrift Supervision and Bureau of Competition.
The convoluted system was made more so, and today it can be nearly impossible to keep track of who exactly is overseeing what.
To help decode this web of oversight, The Fiscal Times created this infographic, “Who’s Watching the Banks,” to illustrate which agencies – and which agencies within agencies – keep an eye on which aspects of the financial industry.
Source: The Fiscal Times [via The Business Insider & The Big Picture]
Click to transfer
The New Yorker Interview >> Here.
More Of Cassidy’s Business Persona Writing: 1, 2, 3, 4, 5, 6, 7, 8, 9, 10. Finance: Why Crashes Are So Common, What Value Wall St. Bring & The Volcker Rule.
Ray Dalio’s «Principles» In All Their 123 Page Glory >> Here [PDF].
The Soda King Mission:
John Nese is the proprietor of Galcos Soda Pop Stop in LA. His father ran it as a grocery store, and when the time came for John to take charge, he decided to convert it into the ultimate soda-lovers destination. About 500 pops line the shelves, sourced lovingly by John from around the world. John has made it his mission to keep small soda-makers afloat and help them find their consumers. Galcos also acts as a distributor for restaurants and bars along the West Coast, spreading the gospel of soda made with cane sugar (no high-fructose corn syrup if John can avoid it).
How To Order.
// The U.S. National Archives via Flickr.
Monday, July 4th:
Independence Day: All U.S. markets are closed.
Tuesday, July 5th:
10:00 AM ET: Manufacturers’ Shipments, Inventories and Orders for May.
Wednesday, July 6th:
7:00 AM: The Mortgage Bankers Association (MBA) will release the mortgage purchase applications index.
10:00 AM: ISM non-Manufacturing Index for June.
Thursday, July 7th:
8:15 AM: The ADP Employment Report for June.
8:30 AM: The initial weekly unemployment claims report will be released.
Friday, July 8th:
8:30 AM: Employment Report for June.
10:00 AM: Monthly Wholesale Trade: Sales and Inventories for May.
3:00 PM: Consumer Credit for May.
Transfer To The Calculated Risk Blog For Charts, Estimates And Details On The Schedule For Week Of July 3rd.