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West Indian Day Parade 2010

September 6, 2010 by · Comments Off on West Indian Day Parade 2010 

West Indian Day Parade 2010, The parade is a celebration of all the Caribbean and is glad everything related to heritage and culture of the West Indies, but should not feel that it must be of the West Indies to join the fun. In this parade all are welcome to come and enjoy and see the thousands of protesters, listening to Caribbean music and enjoy delicious food in the region, according to chiff.com.

You want to know the schedule, time, route and other information so that we can help with some of that. The parade begins at 11:00 am and the tour starts at Utica Avenue to Grand Army Plaza along Eastern Parkway. As you may have about 2 million people in the great event of the council is not only lead to take the subway to the bus stop with these alternatives. 2 subway to Grand Army Plaza or Franklin Avenue, 3 meters of the Grand Army Plaza, Franklin Avenue or Utica Avenue, 4 subway to Franklin Avenue or Utica Avenue subway and 5 Franklin Avenue.

For more information on this, go to chiff.com. Do you intend to visit the parade and carnival today and what it’s about what you like best? We welcome your comments and thoughts about this special event.

It is Labor Day 2010, Monday, 06 September, and for some that means that sales and trading, while for others it means thinking of the story of the day and what it means for men and women. For many others, though the Labor Day means it’s time for the annual West Indian American Parade and Carnival in Brooklyn, New York, one of the biggest cultural events of the year. This year marks the traditional Labor Day parade will celebrate its 42nd anniversary.

Labor Day

September 3, 2010 by · Comments Off on Labor Day 

Labor Day, The financial crisis committee of inquiry of the books asked Bernanke on Thursday or scholarly articles recommended reading abut the financial crisis and its consequences. The Fed chief gave four suggestions and said he would return to the committee with ideas.

Bernanke Here is four suggestions:

1. Academic work of Yale economist Gary Gorton, “The Panic of 2007,” about the attraction of new commercial paper market in the summer of 2007 and the way they had all the characteristics of a traditional bank run, except that was occurring in the “shadow” banking sector and investment banks off-balance sheet vehicles. Gorton paper was presented at the 2008 Jackson Hole Economic Summit in August, which is annoying. Next month’s events made the panic of 2007 was more like a picnic. Gorton’s document is 132 pages and can be read here.

Markus Brunnermeier Princeton economist not has one, but two shout-outs from Bernanke. The Fed chief recommended a couple of article Brunnermeier looking for the causes of the crisis and a possible cure.

2. The first document is titled “Deciphering the 2007-08 Liquidity and Credit Crunch” and was published in the Journal of Economic Perspectives in 2009. The 77-pager is a broad view of how the mortgage crisis became a calamity in the whole financial system as a whole. In his testimony, Bernanke noted that the document is about the problems in the market “repo” as particularly noteworthy. Here is the paper.

3. Brunnermeier second document, which he wrote with a president of the New York Fed vice called Tobias Adrian, develops a measure of the systemic risks of a business. The paper currencies of COVAR term – a derivative of the famous “value at risk” used by individual banks to assess their financial risk. COVAR measures the risk of a bank for the entire financial system in times of stress.

4. For something a little lighter, Bernanke recommended “Lords of Finance,”the nonfiction book of 2009 by Liaquat Ahamed, who narrates the plight of the world’s major central banks which led to the Great Depression. The crisis then he asks one of those “gentlemen” Montagu Norman, head of the Bank of England to declare in 1931 that “the capitalist system throughout the civilized world will be affected in a year.” Bernanke’s recommendation is high praise considering that he is a Great Depression scholar.

In nearly every day, Bernanke can move markets in each sentence. But so far, “Lords of Finance”, has shot to the top of the charts. 2011 occupies in the list of Amazon’s bestseller.

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