Tag Archives: finance

Credit Rater S&P to Be Banned for a Year From Biggest Part of Commercial-Bond Market – Bloomberg

I wonder why they waited to deal with ratings from after the subprime period.

Will S&P crumble?  Are there other models of ratings production in other countries?  Does anyone have a more autonomous system (instead of fee for ratings)?

 

Standard & Poor’s will be suspended for a year from rating bonds in one of its most lucrative businesses in a $60 million settlement with the U.S. Securities and Exchange Commission, according to a person with knowledge of the matter.

The deal, which the person said may be announced as soon as tomorrow, is the agency’s toughest action yet in an industry blamed for fueling the 2008 financial crisis by assigning inflated grades to risky mortgage debt.

via Credit Rater S&P to Be Banned for a Year From Biggest Part of Commercial-Bond Market – Bloomberg.

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Filed under Banking, Great Recession

Some Common Sense at Last about Banks- Volcker

This strikes me as the right approach.

Volcker Calls for Restricting Banks’ Risk, Trading Activity – WSJ.com
The comments reflect Mr. Volcker’s long-held view that banks should act more in line with their traditional role and not take extremely risky gambles, which could threaten the viability of commercial banks and expose the Federal Reserve and taxpayers to large risks.

People keep yapping on about how the financial systems is the “circulatory” system of the economy.  Fine.  Then by extension, the amount of risk we have been allowing into the commercial banking systems is akin to eating four hamburgers every day for every meal, and then doing amphetamines, adn then running a marathon while smoking and hoping it won’t give us a heart attack.

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Filed under Banking, economics

Research ideas for Six Degrees Students

Research Ideas for My Students

Hello folks. This is by no means a comprehensive set of resources. It more reflects sources that seemed to be of interest to two or more of you AND that I thought might not jump out at you as pertinent. It is a mix of search terms, blogs, alternative media, as well as books and scholars.

For a few of you, I had specific ideas and those are at the end.  So read through to the end. If I did not comment on your specifically all it means is that your topics are either covered below, or, I don’t have any special suggestions.

General Ideas

The FIRST place for everyone to start if they are basing their paper on a topic in Six Degrees or Tipping point is to look at the references in the back of each book.  Watts provides a guide to different topics, and Gladwell has notes with references.

Also, you can get a one on one appointment with BU librarian once you have your topic.

EVERYONE should make an appointment with a Bucknell research librarian.

You are welcome to search my blog.  You can search or simply use the tag cloud to clickt hough to a set of posts.

Also, I use a social bookmarking service called del.icio.us.com. Basically it is like a big scrapbook of links I collect.  You are welcome to look there for any tags that match your research keywords.

http://delicious.com/jordisunshine

Click on “all tags” on the left to see my tag taxonomy.  For example, Jen mentioned technology and the presidential election in her topics.  I have a politics tag, and when you click on that, you can see what are “related” tags to narrow it down.  Politics+ technology has three links. One of those, to a book called “Netroots Rising” might be useful.

How to use blogs I recommend: browse them.  Use them to identify key ideas.  Use them to look for book, or article suggestions from more reliable sources (scholarly journals, mainstream press).

How context shapes roles

Stanford Prison Experiment

□ Look for social psychology on the impact of groups or roles

How social network affects a company

□ Work by Rob Cross

David Krackhardt

David Obstfeld

How breakthroughs happen…

Mob Mentality or “Wisdom of Crowds”

□ See Swarm intelligence as a search term. Also this book and tool.

□ See Smart Mobs as a search term. Also, this site and book.

Internet and Society

Pew Research Center on Internet and American life

Financial Bubbles…

Bill Moyers with Kuttner

Interviews with Greenspan

Greenspan debate Naomi Klein, a critic (bubbles and feds role comes up)

□   Planet Money Blog

□   Big picture blog

□   Brad DeLong Blog

Fanatic communities

MeetUp

Org theory post

Size of communities (Rule of 150)

□    Gore-Tex maker

□   More on Gore

□   Another article.

□   Leaderless organization

Advertising and Marketing

Changes that the internet has brought about

Viral garden blog

□   Any search on word of mouth or viral marketing

□   Paradox of Choice.

General blogs on organizations, networks, and sociology: Search them for your topics.

Orgtheory http://orgtheory.wordpress.com/

Complexity

Connectedness

Visiblepath

Jen:

About politics and technology.  The Dean campaign of 2004, and also the Bush Campaign of 2004, started the use of web 2.0 technologies as political organizing tools.  I think this book could be useful.  http://www.amazon.com/dp/1594514852

Will:

It would be interesting to look at the distribution of hit records over time.  In other words, what proportion of records sold are just a few?  Were the Beatles bigger superstars than a recent “big act” measured as % of all record sales?  How has shift to consuming songs as downloads changed that perception?  Are there fewer superstars now?  What does that mean for music as a business and as a cultural activity?

Charlie:

About diseases: it would be interesting to compare biological and social factors in contagiousness of diseases.

Jeff G:

In terms of channel capacity and music: this reminds me of research now on the cognitive structure of experts vs amateurs.  An expert musician can distinguish more than 7 tones, I think.   What is the evidence that we can increase channel capacity?

Kayla

I am not sure what the best search term for outside-in emotion is.

Emma:

You can do a special kind of search called a cited reference search with a database called Web of Science.  Basically, it tells you who cited a work.  You could look at original article “The Strength of Weak Ties” and see what more current research is saying.  The reference librarians can show you how to do that kind of search.  There will be thousands of articles, so you will need to use narrowing terms.

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Filed under Business, economics, innovation, organization theory, Politics, Power, Activism, Research, Social Networks, sociology

0% almost never appears in public polls

The National Economy
No Americans say that the national economy is getting better, 13% say it is staying the same, and 82% say the national economy is getting worse.

National economy

Getting better

Staying the same

Getting worse

Undecided

Sep 2008 13% 82% 5%
Aug 2008 18% 19% 60% 3%
Jul 2008 3% 20% 76% 1%

You almost never see 0% in public polls. They must not have any BOA executives, gold stock holders, or other speculators who bet the right way in their poll.  Or maybe those folks see that their immediate gain comes with the risk of financial downturn for all?

And Bush’s approval is down to 19% among RVs in the same poll.  That has to be some kind of record?

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Filed under economic sociology, economics, macroeconomics