Saturday, January 9, 2010
How To Make A Watercolour Paper Stretcher
News: When handling the U.S. GDP n'amusent anyone.
/ * Style Definitions * / table.MsoNormalTable {mso-style-name: "Table Normal"; mso-tstyle-rowband-size: 0 ; mso-tstyle-colband-size: 0; mso-style-noshow: yes; mso-style-priority: 99; mso-style-qformat: yes; mso-style-parent: ""; mso-padding-alt: 0cm 5.4pt 0cm 5.4pt; mso-para-margin-top: 0in; mso-para-margin-right: 0in; mso-para-margin-bottom: 10.0pt; mso-para-margin-left: 0in; line- height: 115%; mso-pagination: widow-orphan; font-size: 11.0pt; font-family: "Calibri", "sans-serif"; mso-ascii-font-family: Calibri; mso-ascii-theme-font: minor-latin; mso-hansi-font-family: Calibri; mso-hansi-theme-font: minor-latin;} Here So the GDP for the 3 rd
quarter revised down again to reach 2.2 points. It is interesting to recall an era U.S. GDP estimate showed an increase of 3.8 points. Therefore the U.S. GDP was revised down by over 40%! But this did not upset the financial markets continue to rise, reaching levels almost never seen in terms of valuation (taking into account inflation). What is surprising is that the reason given for this further decline is "the weakness of investment is much higher than expected." I must admit that this statement is to me an indirect admission of the failure of U.S. financial model. Indeed, the indices we jumped from 70 to 100% within 9 months. Theoretically, the level of indices is meant to reflect the true level of investment but in this case how this can he, with a rebound (taking into account inflation) from one of the largest ever observed on financial markets, we can have a low level of investment also. The answer is very simple investment was completely erased in favor of speculation. I will explain shortly how such a phenomenon is economically feasible. Anyway this poses two problems:
· First overvalued assets poses a risk of blow on the economy in case of 'bubble burst. In addition, companies may not pay dividends without charge social consequences because profits not follow. Indeed, if one takes the case of U.S. corporate profits are still lower by over 80% in 2007.
· I talk a lot with my teachers who are economists and I can also tell you they are not happy because even if everyone is euphoric shows the truth is not very nice to say . Indeed, over the last 6 months colossal resources were deployed: a stimulus plan of 830 billion dollars, a plan to help the banking industry for 730 billion (TARP), the purchase of MBS ( mortgage-backed securities) by the Fed to 1.35 trillion, 65 billion for General Motors, 400 billion for Fannie Mae and Freddie Mac etc ... The U.S. has introduced more 30 points of GDP (I think the true number is much higher) in stimulating economic and banking eventually withdraw only 2.2 points of GDP growth, but apart from some economists and managers of large investment funds that long term n 'seems to disturb anyone.
can really worry about this mismatch between means implemented by states and the results in terms of GDP as the absolute economic performance is ridiculous compared to the means employed. One can only worry about too, like many members of the Federal Reserve from late next plans to help real estate or even scrapping because right now the economy depends only public demand, private demand is insignificant.
Wednesday, January 6, 2010
Name Of The French Song In South Park
Sydney! I'm down under mates!
It's been a month since we arrived in Australia in the great and beautiful city of Sydney. It was from the beginning was really impressed by the beauty of the great metropolis of Australia: a beautiful harbor, a city that vibrates with every turn, the beaches!, and not forgetting the famous Opera House which is beautifully illuminated at night.
G'Day!
It's been a month since we arrived in Australia in the great and beautiful city of Sydney. It was from the beginning was really impressed by the beauty of the great metropolis of Australia: a beautiful harbor, a city that vibrates with every turn, the beaches!, and not forgetting the famous Opera House which is beautifully illuminated at night. So we spent the first week touring the city by taking the ferry stops at Darling Point Wharf, located just minutes from our apartment. What is cool here cest ferry boats that are part of public transit such as trains and buses, cest therefore very cheap to board a ferry in Sydney to go: the botanical garden at the Port where there is the Imax largest in the world, and several beaches like Manly. Well the city would sell its ferries to private companies that hope does not happen as prices increase ridiculously (This is a subject frequently discussed here, this and whaleboats''''Japanese smash open sea of Tasmania vessels lutant against illegal fishing whales http://www.youtube.com/watch?v = Y8TLmm0emTY & feature = related ) Oh yes and we found an apartment just the day after our arrival in Sydney 
in a small apartment tower in a neighborhood just really at Darling Point in ... only 5 minutes by train from the city center or 5 minutes by boat from Circular Quay, or there is the Opera House. The trick is the dimension by cons: a studio that does not do more than 3-4 meters per 6-7 meters! The apartment is about to complete half of my room on the Plateau Mont-Royal! Why it took this apartment? undoubtedly the rooftop terrace with BBQ overlooking the city and the Harbour Bridge!
in a small apartment tower in a neighborhood just really at Darling Point in ... only 5 minutes by train from the city center or 5 minutes by boat from Circular Quay, or there is the Opera House. The trick is the dimension by cons: a studio that does not do more than 3-4 meters per 6-7 meters! The apartment is about to complete half of my room on the Plateau Mont-Royal! Why it took this apartment? undoubtedly the rooftop terrace with BBQ overlooking the city and the Harbour Bridge! 
So Stephanie and I both work in restaurants, she found a job as a waitress just the first day she's gone to wear CV! Me it was a bit more complicated, I had never worked as a server and it is especially this kind of job that travelers with a working holiday visa can be found. Summer has started since December and there are thousands travelers who are looking for jobs, and more students ... after 2 weeks of searching without success I began to seriously worry that I had less money and that Sydney is a city which is very expensive, Our small studio is $ 300 Canadian per week and a transit pass costs $ 40 (per week, everything here is a week!) is by shopping at the $ 2 blind that we did the happy encounter of a Quebec, Marie-Claude, who lived here for 2 months. Thanks to her I work in coffee center tennis courts just 5 minutes walk from our apartment. I like, I'm a bit of everything: lunches, coffee, table service, reservations ... the land is horraire day, 4 days per week to 10 hours per day and is paid minumum wage in cash (equivalent to $ 14 Canadian per hour ) short enough money to pay for the apartment, eating well and I put money aside for travel plans that start in April! On top of that, tomorrow I'm starting to teach English to a couple who will bring me about $ 75 per hour! This is a first for me to teach a language, but thanks to the book that I rented out the library: The Complete Idiot's Guide to Learning English, esta muy bueno!
In my days off, I am especially busy going to the beach by bike, it's free and 30 degrees cest the only place where you want to find you! We both bought used bikes, the biggest beach in Sydney (and Australia), Bondi Beach, is only 10-15 minutes by bike. The waves are big, I do not teach you anything by telling you that surfing is a popular sport here ... in fact this is not the best beach for swimming because of all you need to watch surfers and jellyfish, I got 
burn 2 times by those little blue jellyfish and it AC hurts ... So I prefer to swim ride further south to other beaches less crowded (there is also a coastal walk linking all the beaches in Sydney, from Bondi to Maroubra, very nice but not to make after-noon to 35 degrees) or there are small beaches along the harbor and there are no waves and where there are''net''shark, yes of shark nets to swim quietly without taking the risk of be eating a foot. There are all kinds of sharks in Australia, including great white sharks (Jaws! we are gonna need a bigger boat!) North but here there are quite ferocious sharks anyway, last year was a surfer from Bondi lost an arm after a bite of shark teeth, and it seems last week people saw a large shark in the bay next to us.
burn 2 times by those little blue jellyfish and it AC hurts ... So I prefer to swim ride further south to other beaches less crowded (there is also a coastal walk linking all the beaches in Sydney, from Bondi to Maroubra, very nice but not to make after-noon to 35 degrees) or there are small beaches along the harbor and there are no waves and where there are''net''shark, yes of shark nets to swim quietly without taking the risk of be eating a foot. There are all kinds of sharks in Australia, including great white sharks (Jaws! we are gonna need a bigger boat!) North but here there are quite ferocious sharks anyway, last year was a surfer from Bondi lost an arm after a bite of shark teeth, and it seems last week people saw a large shark in the bay next to us. addition sharks and jellyfish, there are thousands of big bats every evening from 7:30 pm, invade the skies over Sydney and fly to the south to feed on fruit trees, or they may be called by Batman himself! It's quite a spectacle of our terrace, or there are still tens flying a few feet from our heads ... we got mud on top the other day outdoor cinema, do you ever put under a fruit tree that night in Sydney!
Finally everything is fine here, we had a great Christmas together with a couple of 
France, and New Year watching the fireworks on the terrace of our friend Marie-Claude and Australian boyfriend, it was quite a show while it lasted only 12 minutes, we were about 1.5 million to watch them live from around the area around the city. I have other travel plans that start in April: tour of Australia by plane with my father, surf the east coast to Brisbane, go snorkeling and sailing the Great Barrier Reef and finally take flight to visit Singapore and Malaysia and Indonesia for 6 weeks.
Hasta luego!
Jean-Max
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