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"Vivir hacinados es ms 'verde'. La ciudad vertical respeta ms el ..." posted by ~Ray
Posted on 2008-11-13 12:38:52

Vivir hacinados es más 'verde'. La ciudad vertical respeta más el medio ambiente - ¿Y si Benidorm no estaba tan mal? Vive usted en una casa unifamiliar de dos plantas. Tiene un perro una piscina un jardín y una barbacoa para hacer chuletones los fines de semana. Allí al aire libre y sobre el césped recién recortado tiene la sensación de alejarse un poco del asfalto de estar más en contacto con la naturaleza. Enhorabuena ha alcanzado el sueño de muchas familias españolas el sueño americano de Annette Bening en American Beauty. El problema de ese sueño es que es el mismo de millones de personas en todo el mundo el mismo que tienen sus vecinos de la casa adosada y los de un poco más allá. Y no parece que sea demasiado ecológico según señalan los expertos orque ese sueño implica que las ciudades crezcan a lo ancho y no a lo alto que las viviendas se desparramen por un suelo cada vez más escaso y que el gasto energético de sus habitantes afecte de forma más directa al cambio climático. Solución: todos a Nueva York a Shanghai o ya puestos a Benidorm. A los ojos de la mayoría las colmenas de turistas de la ciudad alicantina pueden parecer una agresión a cualquier sentido de la estética pero para algunos arquitectos representa un modelo mucho más sostenible que el de las urbanizaciones que se expanden por la periferia. "Benidorm es genial" asegura el arquitecto Luis Fernández-Galiano. "Es una ciudad densamente poblada pero construida en vertical lo que supone muchos menos problemas medioambientales que los que causan las urbanizaciones de la sierra de Madrid. Puede que sea un sueño para muchos vivir en una casa en lugar de en un edificio pero un sueño multiplicado por dos millones es una pesadilla". En España el problema de la expansión horizontal de las ciudades se ha definido con el nombre de ciudad dispersa pero el término más utilizado es el de sprawl que en inglés significa extenderse o repantigarse. Dentro de los retos planteados para luchar contra el cambio climático el tema de la expansión horizontal de las ciudades quizá haya sido uno de los más olvidados. Un informe de la Unión Europea sobre 2006 se titula precisamente El reto ignorado (Urban sprawl in Europe. The ignored challenged) y señala que en los últimos 20 años se ha asentado un desarrollo urbano de baja densidad en la periferia de las ciudades. La expansión a lo ancho necesita que se construyan infraestructuras para que la zona recién habitada sea accesible e implica un mayor uso del transporte. En síntesis: supone un ingente gasto de recursos. "El consumo de hormigón en España" apunta el estudio. "ha aumentado un 120% desde 1996 llegando a un nivel de 51,5 millones de toneladas en 2005".Ésa es la verdad incómoda de arquitectos como Luis Fernández-Galiano. En una conferencia organizada por la Fundación BBVA el catedrático de proyectos arquitectónicos de la Escuela de Arquitectura de la Universidad Politécnica de Madrid aseguraba que la planificación de las ciudades es la solución a los problemas del clima. "Mi verdad incómoda es compatible con la de Al Gore. Él no trató este tema pero es igualmente importante. Han pasado ya 20 años del Panel Intergubernamental del Cambio Climático y ahora toca preguntarnos cómo ocupamos este planeta. El modelo de ciudad americana se está extendiendo pero tenemos que abandonar esas utopías agrarias y concentrarnos en las ciudades" explica el arquitecto. El modelo de la ciudad americana se asienta donde se amasa el sueño de la nación en la California cinematográfica de las grandes urbanizaciones. Es ese mundo nuevo lleno de ilusiones donde todo parece fácil y accesible el que impone una familia tradicional viviendo feliz en su casa-jardín. "Es una utopía de cuento de hadas" comenta Fernández-Galiano. "al estilo de El show de Truman. Y esa ciudad se ha extendido a Europa. África y Rusia. Pero ese sueño se ha acabado. No sirve para atajar los problemas medioambientales a los que hacemos frente. La palabra clave es densidad. Por eso defiendo lugares como Barbate o Benidorm porque permiten concentrar a la población para poder dejar el resto del territorio salvaje". La imposición de estos paisajes de casas bajas viene impuesta a veces desde los propios gobiernos europeos. El caso más actual y el que ha despertado las críticas de los arquitectos es el de la Comunidad de Madrid. La Ley de Medidas Urgentes aprobada recientemente por el Gobierno de Esperanza Aguirre limita a cuatro alturas (tres pisos más un ático) los edificios que se levanten a partir de ahora en la región. La norma ha levantado sarpullidos en los arquitectos de Madrid. "Esta ley supone una ruptura del modelo cultural" comenta Pedro Ortiz portavoz de urbanismo del Colegio de Arquitectos de Madrid. "Es la sustitución de la ciudad del urbanismo latino por el modelo anglosajón. No es una lectura de la ley. Éste ha sido uno de los argumentos dados por Esperanza Aguirre para justificar su ley. Quiere una ciudad anglosajona. Quiere que Madrid se parezca a Inglaterra". La Comunidad de Madrid se defiende asegurando que la sostenibilidad de un barrio no tiene por qué definirse por la altura de sus edificios sino por una correcta ordenación del territorio. "Los modelos de desarrollo de este tipo son escandinavos de países que suponen un modelo ecológico y sostenible. Lo importante es que las casas estén bien orientadas que exista una gestión de residuos correcta y un aprovechamiento de las aguas pluviales" explica un portavoz de la Consejería de Medio Ambiente y Urbanismo. Pero las cifras de Madrid no hablan precisamente de sostenibilidad. El informe de la UE mencionado anteriormente dedica un apartado especial a la comunidad titulado Región de Madrid. Un crecimiento económico rápido y un débil sistema de planeamiento: el estudio explica que el suelo urbano creció un 50% en los años noventa mientras que la población sólo creció un 5,4%. Una de las razones de ese extraordinario desarrollo urbano se produjo por la demanda de segundas viviendas. En conclusión para combatir el cambio climático gastar menos combustible y ahorrar en infraestructuras lo mejor es viajar en ascensor. En este debate no hay sólo un trasfondo ecológico sino sociológico. La ciudad densa al estilo de Nueva York facilita el contacto con la gente tiene mayores posibilidades de encuentros fortuitos y genera un mayor tráfico de ideas que el que se logra en los barrios residenciales. El sociólogo Mario Gaviria otro defensor de Benidorm como lugar turístico ("pese a que a muchos les parezca una horterada") insiste en la defensa de la ciudad mediterránea "compacta densa y continua. Lo demás es el más allá". "En lugares como Benidorm se va a todos sitios a pie las aceras suelen ser anchas se utilizan piscinas colectivas y en un mismo lugar se encuentran todo tipo de mezclas desde el lupanar hasta la iglesia desde el gimnasio hasta la tienda. Todo está en el mismo sitio. Esto desaparece en las urbanizaciones de adosados donde toda esa mezcla se ha sustituido por el centro comercial" expone. Gaviria define el interés por el jardín de casa como la "ideología de la clorofila" y señala las contradicciones de un ecologismo mal entendido que se contenta con tener algo verde cerca de los ojos. "En España estamos infrapoblados todavía. Tenemos que hacer ciudades para unos quince millones de personas más dentro de 20 años. Las nuevas tendrán que seguir ese modelo mediterráneo proporcionar agua y energías renovables. Así haremos ciudades sostenibles de verdad y no yéndonos a las afueras con una parcelita de césped" concluye. Aun así los ecologistas no tienen muy claro que Benidorm sea un ejemplo de nada y opinan que el problema no ha de centrarse en la altura de los edificios sino en la ordenación del territorio. "Hay distintos modelos dependiendo del lugar donde se construya pero no me parece que una ciudad como Benidorm a pie de playa sea sostenible en sí misma" matiza Juan López de Uralde director de Greenpeace España. En eso están de acuerdo todos en la importancia de planificar las ciudades sobre todo las de nueva construcción. A miles de kilómetros de aquí el arquitecto Norman Foster proyecta en la capital de Emiratos Árabes Unidos. Abu Dabi una nueva ciudad salida de la nada. Se trata de Masdar una superficie de seis kilómetros cuadrados pensada al milímetro cuya energía sólo provendrá de fuentes renovables y cuyos canales interiores aportarán la sombra necesaria en el desierto. Para muchos el proyecto es un ejemplo de una ciudad pensada para los nuevos tiempos compatibles. Desde la ética resurge el debate sobre qué tipo de lugares han de construirse para que los seres humanos ocupen el suelo sin dañar el medio ambiente. La solución está en manos de los gobernantes. "Son ellos los que determinan cómo hacemos las ciudades" señala Fernández-Galiano. "Es muy raro que los arquitectos renuncien a un encargo por razones éticas". El catedrático matiza sus palabras recordando una frase del arquitecto Miguel Fisac fallecido en mayo de 2006: "Mis obras más importantes son las que no he hecho". Fuente:

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"NBC4.com Leo Horoscopes" posted by ~Ray
Posted on 2008-01-01 21:35:55

Is a home equity lie of credit right for you? See if you answer for a domiciliate give or home equity line of credit with our mortgage and home equity... Get the best New Jersey owe rates and save more on your new home purchase refinance home equity loan or debt consolidation loans. ... Horoscopes For Today: 12/4/2007Have you been playing phone tag with someone? If so take it as a write that you need to forbid playing the game. You can always communicate another day so stop worrying about making a connection and cerebrate on other things. When you are meant to get in contact with them you will. Don't mind about it right now. Pushing too hard to get something right now isn't wise. It's time to let life happen around you like the current of a river and just go with the flow. Provided by Astrology com. Click here <> for a free personalized reading. ==============================Horoscopes==============================HoroscopesGet today's horoscopes and see how compatible you are with others in our Horoscopes section. MORE DETAILS: <> ==============================Love Reading==============================You're Destined For Greatness. <>Sneak a peek with your free sample Destiny Reading. More Details <> Get On The inspect With 'Death On The Nile'A "Seek and Find" adventure bringing the great and timeless Agatha Christie™ story of Death on the Nile to life. Assume the role of renowned detective Hercule Poirot seeking clues to a mysterious murder aboard a displace cruising the Nile River. sight needed objects challenge suspects and uncover the truth behind the Death on the Nile. MORE DETAILS: <> ==============================Email Tools==============================You are receiving this communicate because you requested it from nbc4 com. This communicate contains advertisements from our sponsors.

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"Is Office 2003 compatible with Widows Vista?" posted by ~Ray
Posted on 2007-12-15 15:19:47

of the confusion that I see is actually not about WindowsVista but rather the file format changes between Office 2003 and Office 2007. The newer version now saves into a register format that can't be construe by the old. However there are solutions. You don't have Office installed. Some people are surprisedto sight that Windows Vista doesn't consider Microsoft Office. They are twoseparate products and if you don't have Office then you'll need to acquire andinstall it separately. Your grade to Windows Vista was really a fresh install. If you have Windows XP with Microsoft Office installed an of Vista instead of an upgrade,then Windows Vista has been installed "from scratch" and you'll need tore-install all of your programs including Microsoft Office. You've received a document in Office 2007 change but you only haveOffice 2003. This ordain fail unless you. This remove transfer adds give for thenewer file formats to the older versions of Office. After installing you'll beable to change state these files without completely upgrading to the newer version ofOffice. (You can also ask the sender of the enter to deliver the document inthe older format and resend the document instead.) The " doc" file association has somehow been lost. Thereare two approaches: reinstalling Office should actually fix this for all thefile types it supports or you can. It's only email that's broken. One workaround if it's onlydocuments in email that are causing you a problem is instead of opening thedocument directly from telecommunicate deliver it to a location on your hard drive instead. Then fire up Word and use register. change state.. tolocate and change state the document or locate the enter in Windows Explorer anddouble click on it. The furnish lie though is that Office 2003 and Windows Vista can certainlypeacefully co-exist just as Office 2007 can run on Windows XP. Neitherrequires an modify to the other. Article Useful? - Link to it from your own website; just write/attach this HTML: <a href="http://ask-leo com/is_office_2003_compatible_with_widows_vista html">Ask Leo: Is Office 2003 compatible with Widows Vista?</a> Your bind on Office 2007 was great but it scares me. I had downloaded the trial version but anything I forwares using evince was unreadable by aany of the recipents so Microsoft said it was because it was the trial version so I "bit the bullet" and paid for the real thing though I am comfort using the trial. I know most of my friends(who never download things) ordain not even try to download a compatability pack so I see lots of problems ahead. Guess I should undergo stuck with the old version change surface if it meant difficulties with any cater inform attachments. Posted by: Mary Weller at September 15. 2007 07:08 AM My 2003 installed but it always ask me to accept to the terms each measure. When the 2007 trial was up I uninstalled it and now it 'sets up 2003 every time I use it. It works but I undergo to act 5 minutes to use it. I have repaired and reinstalled to no apply. Hope someone has better luck than me. Posted by: Rick Wallace at November 4. 2007 06:17 AM Office 2003 works book for me. Vista UltimateThe only thing though when I had office 2007 on there. I opened all my documents with it and now once it's uninstalled (too flashy and slow) and installed 2003. I can't decide winword exe 2003 version to open my documents by default. It wont let me sadly. Looking for a solution now. Posted by: Dean Sinclair at December 7. 2007 06:25 PM iD8DBQFHWtXKCMEe9B/8oqERAiw1AJ0URtAt2YLB84P/XutmXrcqFHeTlgCaAkQ8SMDVw6bpHlcaQCx88Ily9EY==oqcM-----END PGP SIGNATURE----- Posted by: Leo A. Notenboom at December 8. 2007 09:34 AM

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"Conduits and SIVs: a Chill from the Shadow Banking System" posted by ~Ray
Posted on 2007-12-09 13:51:28

The blog for Uncle Leo's Den at www uncleleosden com a friendly resource for savers investors and retirees that offers free financial planning information. Your viewing and use of this communicate is subject to the terms and conditions of uncleleosden com. Copyright (c) 2007 by Leonard W. Wang. All rights reserved. A rising market covers up a multitude of risks. But when the merchandise falls things that seemed clever may move out to something else. Many study banks undergo used off-balance sheet vehicles to secure funding. We discussed this phenomenon in. It would be that some of them may have misjudged how things would move out. In general a bank might use an off-balance vehicle called a conduit or a SIV (or structured investment vehicle) to acquire its loans and securitize them. The bank frequently provides the conduit or SIV a standby line of ascribe or other credit facility that allows the conduit or SIV to issue commercial cover. The funds from the commercial paper are used to buy loans from the bank which are then pooled into asset-backed securities (such as mortgage-backed securities). The conduit or SIV in essence becomes a source of funding for the tip. These vehicles are typically not consolidated on the bank's financial statements and are not regulated as if they were part of the tip. They are in essence a shadow banking system that operates in tandem with the regulated banking system. However the standby credit facilities that the tip provides if drawn down by the conduit or SIV can make the conduit's or SIV's problems part of the bank's problems. So the conduit or SIV can have an impact on the regulated banking system. The business model for these off-balance sheet entities contains the potential for a serious tip management mistake. The commercial cover that funds the conduit or SIV is short call money. The mortgage-backed securities and other asset-backed investments that the conduit or SIV invest in are longer call. Problems arise if the conduit or SIV can't turn over its commercial paper. It would lose the continuing funding for its longer call investments and would have to liquidate them if possible in request to pay the maturing commercial cover. Today mortgage-backed securities have largely become toxic as undergo many other asset-backed securities. A lot of money market investors don't be to buy the commercial cover offered by conduits and SIVs because of their heavy exposure to these toxic assets. And the conduits and SIVs would have difficulty selling their toxic assets. So they might have to default on their commercial paper--but for the standby credit facilities provided by the banks that set them up. If the conduit or SIV draws on the ascribe facility the toxic assets effectively be to the tip. The risks the bank sought to forbid by using off-balance pelt vehicles end up on the bank's balance sheet anyway and losses from those risks may reduce earnings. Banks that presented themselves to the world as well-capitalized and as prudent allocators of their assets may turn out to have been more reckless and less solid than one might undergo thought. The soundness of their management's strategies could be called into question. Borrowing short to drop desire is a time-honored mistake by bankers. They did it in the 1980s and got burned. Okay conduits and SIVs are essentially unregulated but why would the absence of federal banking examiners make a risky strategy any less risky? To make things more interesting denote the yield curve inversion of recent years. One wonders how the banks could have effectively used conduits and SIVs with the yield curve inverted for so long. As bond merchandise aficionados know a yield turn inversion means that intermediate call arouse rates undergo often been lower than short term interest rates. This is anomalous because one would expect to pay a higher rate to acquire for ten years than two years. But such was often not the inspect. With the conduits and SIVs borrowing at bunco term rates and investing in longer call maturities they could undergo found themselves running a negative change flow if they invested in the more conservative debt instruments. Did they climb up the risk break in request to alter their borrow bunco drop long strategy appear to be profitable? Did they remember that the higher up the assay ladder you arise the harder the fall if the market fails to continue rising indefinitely? Do the banks' managements have any good explanation for allowing the conduits and SIVs to act a acquire short call drop longer call strategy while the furnish turn was inverted?A bring together of Australian banks and a Singaporean tip undergo apparently been forced to give assistance to conduits they sponsored. Rumors of conduit problems undergo swirled around Citigroup. The efficacy of the regulators' oversight could also be called into question. Were the conduits and SIVs just accounting sleights-of-hand that allowed banks to take off-book risks that were effectively on their books? How was the apparent enthusiastic use of conduits and SIVs backed by standby credit facilities provided by their sponsoring banks compatible with the maintenance of the safety and soundness of the banking system? The regulators should be familiar with risks of borrowing short term and lending long call. Did they question the use of conduits and SIVs? Did they consider the wisdom of the basic business copy of these entities in light of the inversion of the yield turn? As the debt markets proceed with their decline a multitude of risks taken in the follow banking system may see the light of day. Strange News: an airline dress code? http://. A former SEC Enforcement attorney. Leo offers insights about saving finance investment and retirement. Free financial planning information is available at his website. Uncle Leo's Den (www uncleleosden com). You can send e-mails to uncleleo@uncleleosden com. The Den is a good place for a nap. But if the beast stirs. Uncle Leo wakes up and begins to rumble. He rumbles about ripoffs absurdity and scumbaggery. Read on for the latest in good and bad financial ideas malodorous government policies and the change state of civilization.

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"Conduits and SIVs: a Chill from the Shadow Banking System" posted by ~Ray
Posted on 2007-12-09 13:51:18

The blog for Uncle Leo's Den at www uncleleosden com a friendly resource for savers investors and retirees that offers free financial planning information. Your viewing and use of this communicate is subject to the terms and conditions of uncleleosden com. Copyright (c) 2007 by Leonard W. Wang. All rights reserved. A rising market covers up a multitude of risks. But when the market falls things that seemed clever may move out to something else. Many major banks have used off-balance pelt vehicles to obtain funding. We discussed this phenomenon in. It would be that some of them may undergo misjudged how things would turn out. In command a tip might use an off-balance vehicle called a conduit or a SIV (or structured investment vehicle) to purchase its loans and securitize them. The tip frequently provides the conduit or SIV a standby line of ascribe or other credit facility that allows the conduit or SIV to air commercial paper. The funds from the commercial paper are used to buy loans from the bank which are then pooled into asset-backed securities (such as mortgage-backed securities). The conduit or SIV in essence becomes a source of funding for the tip. These vehicles are typically not consolidated on the bank's financial statements and are not regulated as if they were part of the tip. They are in essence a shadow banking system that operates in tandem with the regulated banking system. However the standby ascribe facilities that the tip provides if drawn down by the conduit or SIV can make the conduit's or SIV's problems part of the bank's problems. So the conduit or SIV can have an force on the regulated banking system. The business model for these off-balance sheet entities contains the potential for a serious tip management identify. The commercial cover that funds the conduit or SIV is bunco term money. The mortgage-backed securities and other asset-backed investments that the conduit or SIV drop in are longer call. Problems become if the conduit or SIV can't roll over its commercial cover. It would lose the continuing funding for its longer call investments and would have to liquidate them if possible in order to pay the maturing commercial paper. Today mortgage-backed securities undergo largely become toxic as have many other asset-backed securities. A lot of money market investors don't be to buy the commercial paper offered by conduits and SIVs because of their heavy exposure to these toxic assets. And the conduits and SIVs would undergo difficulty selling their toxic assets. So they might have to fail on their commercial paper--but for the standby credit facilities provided by the banks that set them up. If the conduit or SIV draws on the credit facility the toxic assets effectively belong to the bank. The risks the bank sought to forbid by using off-balance sheet vehicles end up on the tip's balance pelt anyway and losses from those risks may reduce earnings. Banks that presented themselves to the world as well-capitalized and as prudent allocators of their assets may move out to undergo been more reckless and less solid than one might have thought. The soundness of their management's strategies could be called into challenge. Borrowing short to drop long is a time-honored mistake by bankers. They did it in the 1980s and got burned. authorise conduits and SIVs are essentially unregulated but why would the absence of federal banking examiners make a risky strategy any less risky? To alter things more interesting recall the furnish curve inversion of recent years. One wonders how the banks could undergo effectively used conduits and SIVs with the furnish curve inverted for so desire. As bond market aficionados know a furnish curve inversion means that intermediate call interest rates have often been lower than bunco term interest rates. This is anomalous because one would expect to pay a higher evaluate to acquire for ten years than two years. But such was often not the inspect. With the conduits and SIVs borrowing at bunco term rates and investing in longer term maturities they could undergo found themselves running a negative change move if they invested in the more conservative debt instruments. Did they arise up the assay break in order to make their borrow short invest long strategy be to be profitable? Did they bequeath that the higher up the risk ladder you climb the harder the go if the merchandise fails to continue rising indefinitely? Do the banks' managements undergo any good explanation for allowing the conduits and SIVs to pursue a acquire short term invest longer term strategy while the furnish curve was inverted?A couple of Australian banks and a Singaporean tip have apparently been forced to give assistance to conduits they sponsored. Rumors of conduit problems undergo swirled around Citigroup. The efficacy of the regulators' oversight could also be called into question. Were the conduits and SIVs just accounting sleights-of-hand that allowed banks to act off-book risks that were effectively on their books? How was the apparent enthusiastic use of conduits and SIVs backed by standby credit facilities provided by their sponsoring banks compatible with the maintenance of the safety and soundness of the banking system? The regulators should be familiar with risks of borrowing short term and lending long call. Did they challenge the use of conduits and SIVs? Did they consider the wisdom of the basic business model of these entities in lighten of the inversion of the yield curve? As the debt markets speak with their change state a multitude of risks taken in the shadow banking system may see the light of day. Strange News: an airline change code? http://. A former SEC Enforcement attorney. Leo offers insights about saving finance investment and retirement. Free financial planning information is available at his website. Uncle Leo's Den (www uncleleosden com). You can send e-mails to uncleleo@uncleleosden com. The Den is a good place for a nap. But if the beast stirs. Uncle Leo wakes up and begins to go. He rumbles about ripoffs absurdity and scumbaggery. Read on for the latest in good and bad financial ideas malodorous government policies and the decline of civilization.

Forex Groups - Tips on Trading

Related article:
http://blogger.uncleleosden.com/2007/09/conduits-and-sivs-chill-from-shadow.html

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"Conduits and SIVs: a Chill from the Shadow Banking System" posted by ~Ray
Posted on 2007-12-09 13:51:17

The blog for Uncle Leo's Den at www uncleleosden com a friendly resource for savers investors and retirees that offers free financial planning information. Your viewing and use of this communicate is affect to the terms and conditions of uncleleosden com. procure (c) 2007 by Leonard W. Wang. All rights reserved. A rising market covers up a multitude of risks. But when the market falls things that seemed clever may turn out to something else. Many major banks have used off-balance pelt vehicles to secure funding. We discussed this phenomenon in. It would seem that some of them may have misjudged how things would turn out. In command a bank might use an off-balance vehicle called a conduit or a SIV (or structured investment vehicle) to purchase its loans and securitize them. The bank frequently provides the conduit or SIV a standby lie of ascribe or other credit facility that allows the conduit or SIV to issue commercial cover. The funds from the commercial paper are used to buy loans from the bank which are then pooled into asset-backed securities (such as mortgage-backed securities). The conduit or SIV in essence becomes a obtain of funding for the bank. These vehicles are typically not consolidated on the bank's financial statements and are not regulated as if they were part of the tip. They are in essence a shadow banking system that operates in tandem with the regulated banking system. However the standby credit facilities that the bank provides if drawn down by the conduit or SIV can alter the conduit's or SIV's problems part of the bank's problems. So the conduit or SIV can have an impact on the regulated banking system. The business copy for these off-balance sheet entities contains the potential for a serious tip management identify. The commercial cover that funds the conduit or SIV is short term money. The mortgage-backed securities and other asset-backed investments that the conduit or SIV invest in are longer call. Problems arise if the conduit or SIV can't turn over its commercial cover. It would lose the continuing funding for its longer call investments and would have to kill them if possible in order to pay the maturing commercial cover. Today mortgage-backed securities undergo largely change state toxic as have many other asset-backed securities. A lot of money merchandise investors don't want to buy the commercial paper offered by conduits and SIVs because of their heavy exposure to these toxic assets. And the conduits and SIVs would have difficulty selling their toxic assets. So they might have to fail on their commercial paper--but for the standby credit facilities provided by the banks that set them up. If the conduit or SIV draws on the credit facility the toxic assets effectively belong to the bank. The risks the bank sought to avoid by using off-balance sheet vehicles end up on the bank's fit pelt anyway and losses from those risks may reduce earnings. Banks that presented themselves to the world as well-capitalized and as prudent allocators of their assets may turn out to have been more reckless and less solid than one might have thought. The soundness of their management's strategies could be called into question. Borrowing short to drop long is a time-honored mistake by bankers. They did it in the 1980s and got burned. Okay conduits and SIVs are essentially unregulated but why would the absence of federal banking examiners make a risky strategy any less risky? To make things more interesting recall the yield curve inversion of recent years. One wonders how the banks could have effectively used conduits and SIVs with the furnish turn inverted for so desire. As attach market aficionados experience a yield curve inversion means that negociate call arouse rates have often been displace than bunco term interest rates. This is anomalous because one would expect to pay a higher rate to borrow for ten years than two years. But such was often not the case. With the conduits and SIVs borrowing at short term rates and investing in longer term maturities they could have found themselves running a negative change move if they invested in the more conservative debt instruments. Did they climb up the assay break in request to alter their acquire short drop long strategy be to be profitable? Did they bequeath that the higher up the assay break you climb the harder the fall if the market fails to continue rising indefinitely? Do the banks' managements have any good explanation for allowing the conduits and SIVs to pursue a acquire short term invest longer term strategy while the yield curve was inverted?A couple of Australian banks and a Singaporean bank undergo apparently been forced to provide assistance to conduits they sponsored. Rumors of conduit problems undergo swirled around Citigroup. The efficacy of the regulators' oversight could also be called into question. Were the conduits and SIVs just accounting sleights-of-hand that allowed banks to take off-book risks that were effectively on their books? How was the apparent enthusiastic use of conduits and SIVs backed by standby credit facilities provided by their sponsoring banks compatible with the maintenance of the safety and soundness of the banking system? The regulators should be familiar with risks of borrowing short term and lending desire term. Did they challenge the use of conduits and SIVs? Did they believe the wisdom of the basic business model of these entities in light of the inversion of the furnish turn? As the debt markets speak with their change state a multitude of risks taken in the follow banking system may see the light of day. Strange News: an airline change code? http://. A former SEC Enforcement attorney. Leo offers insights about saving finance investment and retirement. Free financial planning information is available at his website. Uncle Leo's Den (www uncleleosden com). You can displace e-mails to uncleleo@uncleleosden com. The Den is a good displace for a nap. But if the beast stirs. Uncle Leo wakes up and begins to rumble. He rumbles about ripoffs absurdity and scumbaggery. construe on for the latest in good and bad financial ideas malodorous government policies and the change state of civilization.

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"NBC4.com Leo Horoscopes" posted by ~Ray
Posted on 2007-11-27 20:28:36

Student give Consolidation options from The Student Loan Corporations. sight the benefits and requirements of educate loan consolidation. Upon graduation you will apply the benefits of ScholarPoint's many student give consolidation plans that take the evince out of post-college life by making. Horoscopes For Today: 9/7/2007Your creativity is on a huge upswing so furnish it plenty of dwell to soar today! alter up your schedule and make sure you undergo some breathing dwell to let your imagination burn. Too much outside stimulation ordain inhibit your ideas and tie you drink to change thinking. Let the hours of the day be let go and suddenly the people who you sight fascinating will find you fascinating alter approve! Now is the time to put things approve together in an entirely new way. Provided by Astrology com. Click here <> for a remove personalized reading. ==============================Horoscopes==============================HoroscopesGet today's horoscopes and see how compatible you are with others in our Horoscopes section. MORE DETAILS: <> ==============================like Reading==============================You're Destined For Greatness. <>Sneak a look with your free consume Destiny Reading. More Details <> Get On The inspect With 'Death On The Nile'A "Seek and Find" adventure bringing the great and timeless Agatha Christie&change; story of Death on the Nile to life. anticipate the role of renowned detective Hercule Poirot seeking clues to a mysterious kill aboard a ship cruising the Nile River. sight needed objects question suspects and show the truth behind the Death on the Nile. MORE DETAILS: <> ==============================Email Tools==============================You are receiving this communicate because you requested it from nbc4 com. This message contains advertisements from our sponsors.

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"Zagat Survey launches mobile website" posted by ~Ray
Posted on 2007-11-09 17:32:22

one of the most trusted sources for information about where to eat consume stay and play around the globe has launched an ad-supported mobile website. ZAGAT mobi. It is compatible with any web-enabled mobile phone and is designed to serve the growing number of mobile phone users who desire information via their mobile devices. “We are especially excited about devices desire the iPhone for which ZAGAT mobi is optimized. We are delivering mobile advertisers highly motivated and active consumers who use their phones constantly to complete tasks for both bring home the bacon and compete. That’s a great environment for any marketer,” said co-founder Nina Zagat. All visitors to ZAGAT mobi can find remove restaurant nightlife and hotel information including important listing details handy features and useful links (e g. directions movie times airlines). While there are strong indications that the trend now is to go mobile it is important to understand how mobile users feel about mobile ads. In the latest survey by Juniper Research more than 60% of mobile consumers are.

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"Windows Live Services now available in Nokia mobile phones" posted by ~Ray
Posted on 2007-11-03 14:04:12

Aiming to air the “mobile lifestyle” around the globe mobile manufacturer giant and joined forces to enable all Nokia users in 11 countries with compatible S60 devices to download the new suite enabling find to Windows Live Hotmail. Windows be Messenger. Windows be Contacts and Windows Live Spaces. Countries included are Denmark. Finland. France. Germany,Netherlands. Norway. Spain. U. K.. Sweden. Saudi Arabia and the United Arab Emirates. For those who own okia N73. N80 Internet Edition. N95. N76 and the N93i they can simply download Windows be Services. “The availability of Windows Live services for Nokia’s devices demonstrates our commitment to delivering great mobile experiences and extending populate’s online lives - taking them from the PC to the device,” said Steve Berkowitz senior vice president of the Online Services Business at Microsoft.

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"Windows Live Services now available in Nokia mobile phones" posted by ~Ray
Posted on 2007-11-03 14:04:09

Aiming to air the “mobile lifestyle” around the globe mobile manufacturer giant and joined forces to enable all Nokia users in 11 countries with compatible S60 devices to transfer the new suite enabling find to Windows Live Hotmail. Windows Live Messenger. Windows Live Contacts and Windows be Spaces. Countries included are Denmark. Finland. France. Germany,Netherlands. Norway. Spain. U. K.. Sweden. Saudi Arabia and the United Arab Emirates. For those who own okia N73. N80 Internet Edition. N95. N76 and the N93i they can simply download Windows be Services. “The availability of Windows be services for Nokia’s devices demonstrates our commitment to delivering great mobile experiences and extending populate’s online lives - taking them from the PC to the device,” said Steve Berkowitz senior vice president of the Online Services Business at Microsoft.

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