The USGS, one of my favorite organizations, has released a Seismic Hazard Map of the US along with relevant data collection description of set categories of probability estimates.

http://pubs.usgs.gov/fs/2008/3018/pdf/FS08-3018_508.pdf

I could not help to notice a Corn Exchange National Bank engraving on the building across from where I had dinner last night.  Following a little search, I found this stock certificate.

Google 3D Warehouse of the Bank:

http://sketchup.google.com/3dwarehouse/details?mid=aa8563358ab2cf6d27a4e8f1b4d8879d

The New York based bank was founded in 1852 and expanded into Pennsylvania, Wisconsin and Nebraska; corn relevant areas for the time and supported their fundamental commodity product exchange.  The history of the bank is full of M&A transactions. The most recent actions were in 1991 where the entity took the name of the Chemical Banking Corporation; only to merge with a J.P Morgan Chase subsidiary, Chase Manhattan Corp in 1996, but functions under the ticker JPM.

An in-depth history of this bank shows how monetary economics has adjusted to trends in civilian society.  Starting as an exchange, fills median to today’s J.P Morgan.

I rise out of bed every day to perform greatness.

Andrew Hill, Ph.D., discusses topics in personal finance and economics.

Podcast

I came across this paper. I figured that the goal is useful to the read.

Some Evidence on the Future of Economics

Highlights:
 

• There is evidence of a strong brain drain, at the bachelors level, in our data on the assistant professors now working in elite American departments.
  
• The 112 assistant professors in our sample are heavily involved in empirical research. In a sense, this fact runs contrary to longstanding worries expressed by authors such as Morgan. (1988).
• Macroeconomics, econometrics and labour economics are the dominant fields.
• Approximately one quarter of the economists are female.

·

Stephen Kimsey

Global expenditure on trading and related technology and services reached an estimated US$45.8 billion in 2007, according to new analysis released by the trading technology and research services consultancy Kimsey Consulting.

The largest single country market is the US, accounting for an estimated 35% of total global spend. The second largest market is the UK, accounting for approximately 14% of spend.

In regional terms, Europe is the largest market, with an estimated US$19 billion being spent in 2007. In comparison, Asia/Pacific spent around US$7.5 billion.

Expenditure on applications and associated hardware and services, was an estimated USD$28.8 billion, almost three times the amount spent on information (market data, news, etc.). Expenditure on telecommunications (trading turrets, voice lines, recording, etc.) was an estimated USD$6 billion.

"Though growing economic uncertainty is likely to see mature markets remaining comparatively static, continuing development and expansion of financial, commodities and energy trading activity in emerging markets will support continued growth of the global market for trading and related technology and services", according to Stephen Kimsey, Principal of Kimsey Consulting.

This new analysis provides a breakdown of spend by key technology area for more than 50 individual countries and geographic regions. Analysis is derived from on-going Kimsey Consulting research - for instance the UK Dealing Room Survey, and the US Tri-State Trading Technology Study.

Looking forward, the expectation is for spend on applications to take an ever-increasing share of the trading technology budget. In part this will be due to the growing commoditisation of information, which itself is partly driven by enabling technologies such as the internet.

However the key driver for application spend is the continually evolving demand and requirement of the trading community. Trading is becoming increasingly reliant on applications, whether this be in the form algorithms, risk management, order management systems, back office, and even voice over IP. This is, of course, good news for those involved in the application and support area, though the question must, at some stage, be asked if this growing reliance on applications is good for the long-term health of the trading markets.

Global expenditure is expected to exceed US$46 billion in 2008, most likely driven by demand from developing markets. Asia/Pacific is expected to continue to be the fasted growing region in terms of trading technology expenditure, though South America and Eastern Europe will also be growing in their importance.

Stephen Kimsey is Principal Analyst at Kinsey Consulting
www.KimseyConsulting.com

From:

http://www.advancedtrading.com/research/showArticle.jhtml?articleID=205602805

A new addition to the BEA’s site is an easy to use data presentation hub.  Below is a chart of Farm Seed purchases as a percentage of the US, according to the BEA’s Economic Area of Chicago-Naperville-Michigan City, from 1969-2005.

http://www.bea.gov/regional/remdChart

There is something about big ships, or big industry, that makes my heart beat faster. 

I want to moon-walk this deck in the middle of the ocean, blasting trance music, bowing to the waves.

I fallen friend of mine…

On Easter Sunday, 2004 William H. Trippley III received a fatal gunshot wound to the head, just a few blocks from where he lived on the East 23rd Street in Chester, Pennsylvania.  Less than 48 hours later he was taken off life support and pronounced dead on April 12 ( Click here to read latest news.)  Trippley was an admirable son, a caring brother, a bright student, a great friend, an inspiring athlete, and a talented artist.  He was a member of the esteemed FC Delco Club soccer team, as well as a state and Region I Olympic Development Program (ODP) player.  Trippley received scholarships to the Shipley High School and Elizabethtown College to play soccer as well.

Check out their site:

http://www.wtydf.com/

Focused, poised and technologically sophisticated, the Aston Martin Race Crew is ready for the 2008 season.

 Bearing in mind that statistics are essential for sustainable economic, environmental and social development and that public trust in official statistics is anchored in professional independence and impartiality of statisticians, their use of scientific and transparent methods and equal access for all to official statistical information, the Chief Statisticians or coordinators of statistical activities of United Nations agencies and related organizations, agree that implementation of the following principles will enhance the functioning of the international statistical system.

   In doing so, they note the endorsement of these principles by the Committee for the Coordination of Statistical Activities on 14 September, 2005; they further recall the adoption by the United Nations Statistical Commission of the Fundamental Principles of Official Statistics in its Special Session of 11-15 April 1994, and the endorsement of the Declaration of Good Practices in Technical Cooperation in Statistics in its 30th Session of 1-5 March 1999.

Good practices include:

• Having regular consultations with key users both inside and outside the relevant organisation to ascertain that their needs are met
• Periodic review of statistical programmes to ensure their relevance
• Compiling and disseminating international statistics based on impartiality
• Providing equal access to statistics for all users
• Ensuring free public accessibility of key statistics

Good practices include:

• Using strictly professional considerations for decisions on methodology, terminology and data presentation
• Developing and using professional codes of conduct
• Making a clear distinction, in statistical publications, between statistical and analytical comments on the one hand and policy-prescriptive and advocacy comments on the other

Good practices include:

• Making decisions about statistical work programmes publicly available
• Making documents for and reports of statistical meetings publicly available

Good practices include:

• Aiming continuously to introduce methodological improvements and systems to manage and improve the quality and transparency of statistics
• Enhancing the professional level of staff by encouraging them to attend training courses, to do analytical work, to publish scientific papers and to participate in seminars and conferences.
• Documenting the concepts, definitions and classifications, as well as data collection and processing procedures used and the quality assessments carried out and making this information publicly accessible
• Documenting how data are collected, processed and disseminated, including information about editing mechanisms applied to country data
• Giving credit, in the dissemination of international statistics, to the original source and using agreed quotation standards when re-using statistics originally collected by others
• Making officially agreed standards publicly available

Good practices include:

• Facilitating the provision of data by countries
• Working systematically on the improvement of the timeliness of international statistics
• Periodic review of statistical programmes to minimise the burden on data providers
• Sharing collected data with other organisations and collecting data jointly where appropriate
• Contributing to an integrated presentation of statistical programmes, including data collection plans, thereby making gaps or overlaps clearly visible
• Ensuring that national statistical offices and other national organisations for official statistics are duly involved and advocating that the Fundamental Principles of Official Statistics are applied when data are collected in countries

Good practices include:

• Putting measures in place to prevent the direct or indirect disclosure of data on persons, households, businesses and other individual respondents
• Developing a framework describing methods and procedures to provide sets of anonymous micro-data for further analysis by bona fide researchers, maintaining the requirements of confidentiality

Good practices include:

• Responding to perceived erroneous interpretation and misuse of statistics
• Enhancing the use of statistics by developing educational material for important user groups

Good practices include:

• Systematically involving national statistical offices and other national organisations for official statistics in the development of international statistical programmes, including the development and promulgation of methods, standards and good practices
• Ensuring that decisions on such standards are free from conflicts of interest, and are perceived to be so
• Advising countries on implementation issues concerning international standards
• Monitoring the implementation of agreed standards

Good practices include:

• Designating one or more statistical units to implement statistical programmes, including one unit that coordinates the statistical work of the organisation and represents the organisation in international statistical meetings
• Participating in international statistical meetings and bilateral and multilateral consultations whenever necessary
• Working systematically towards agreements about common concepts, classifications, standards and methods
• Working systematically towards agreement on which series to consider as authoritative for each important set of statistics
• Coordinating technical cooperation activities with countries between donors and between different organisations in the national statistical system to avoid duplication of effort and to encourage complementarities and synergy

Good practices include:

• Cooperating and sharing knowledge among international organisations and with countries and regions to further develop national and regional statistical systems
• Basing cooperation projects on user requirements, promoting full participation of the main stakeholders, taking account of local circumstances and stage of statistical development
• Empowering recipient national statistical systems and governments to take the lead
• Advocating the implementation of the Fundamental Principles of Official Statistics in countries
• Setting cooperation projects within a balanced overall strategic framework for national development of official statistics

I am now a member of the Econometrics Society. 

The Econometric Society is the most prestigious learned society in the field of economics, with a world-wide membership. Its main object is to promote studies that aim at a unification of the theoretical-quantitative and empirical-quantitative approach to economic problems and that are penetrated by constructive and rigorous thinking similar to that which has come to dominate in the natural sciences. It operates as a purely scientific organization, without any political, social, financial or nationalistic allegiance or bias.

Hopefully, I will attend the 2008 June meeting.

It has come to my hypnotized, attention that GPA is a bad indicator of a student’s performance.   Grade Point Average (GPA) is highly influenced by outlier grades versus Grade Point Median (GPM).

Example:

As the number of classes increase, the GPM will grow closer to the true student’s performance.

I sense an argument or house cleaning arising from this idea.

Aoccdrnig to rscheearch at Cmabrigde Uinervtisy, it deosn't mttaer in waht oredr the ltteers in a wrod are, the olny iprmoatnt tihng is taht the frist and lsat ltteer be in therghit pclae. The rset can be a taotl mses and you can sitll raed it wouthit a porbelm. Tihs is bcuseae the huamn mnid deos not raed ervey lteter byistlef, but the wrod as a wlohe.

School is about to begin.  Internship applications are out.  The platform has been built to provide an exciting next few months from my desk.

Miami Unsigned is a Non-Profit Organization that houses a communication link between artists and quality venues.  The organization covers all types of music. The individuals of Miami Unsigned and I, feel that there is a growing progression back towards in-house live music. Proper conditions between the two will create the platform that will satisfy the general public's demand for gaining access to live music.  Miami Unsigned will also help establishments that are new to presenting live music to their customers, with publications and their arsenal of artists.

If you are an unsigned musician, current or interested venue holder, contact Miami Unsigned at:

Miamiunsigned@gmail.com

Miami Unsigned

Since the middle of September 2007:

348 Visitors

2 Pages per Visitor

696 Pageviews

2:21 Average Visitor Time on Site

No Income:

The Bait and Switch -- Japanese Luxury Cars
The last time I checked, the Japanese were famous for their logic and efficiency. So why are they trying to put a different hood ornament on a $12,000 car and sell it for 40 grand? Because they know round-eye will eat that shit up while they laugh all the way to the bank. But make no mistake: A Corolla with a wooden shift knob is still a Corolla. Remember, these are the same people who charge you $20 to eat bait and have you convinced that it tastes like something other than the water they pulled it out of..

This view is parallel to my opinion of the magazine cover above.  If the girl took the exotic panda bear make-up and stick on nails off, she would be less appealing and not on the cover.

Source:

Phat Phree