Friday, June 12, 2015

Red Cross Fail

https://www.propublica.org/article/how-the-red-cross-raised-half-a-billion-dollars-for-haiti-and-built-6-homes

Aid organizations from around the world have struggled after the earthquake in Haiti, the Western Hemisphere’s poorest country. But ProPublica and NPR’s investigation shows that many of the Red Cross’s failings in Haiti are of its own making. They are also part of a larger pattern in which the organization has botched delivery of aid after disasters such as Superstorm Sandy.

Enjoying your work

Monday, June 8, 2015

NYSE Margin Debt


Source: http://www.nyxdata.com/nysedata/asp/factbook/viewer_edition.asp?mode=table&key=3153&category=8

There is a 30 day lag in reporting the numbers.  It will go up forever! But heaven help us if it starts to drop.

Two years ago, I was freaking out about this number being $384,000. Obviously, I was wrong.  Mea culpa. But if $384,000 was a problem, $507,000 (that's $507 billion) is much more so.