Also here is a better plug-in (alot more functionality) of the screenshot with annotations app www.aviary.com that works on chrome

doodle.png.png on Aviary. 

     (click here)  I am going to check this boy's math

While England (and the EU) Slept France Was on the Job or Rather Taking Away the Bankers' Jobs

"So How Do You Say 'Poop' in French Madame?"

Back at Stern Again for Year 3... or is it year 4??????

1. BACKGROUND ON TRIBECA FF - HOW AND WHY WAS IT FORMED, EVOLVED

Why?

Original Goal:  Bring People Back Downtown, Start the Healing Process

Business Plan? (Yeah Right)  A Leap of Faith

2. TFF GOALS IN THE US and Beyond

Create a Global Media Company-- year-round/global/24/7

Expansion:  Ambition or Necessity?

12 day event in New York doesn't work

is independent film model  broken?  needs tweaking or a whole new mind?

The world has changed:

What is the purpose and job to be done?

Disrutpive Innovation Theory

Google  Professor Clayton Christensen

Read Innovator's Dilemma

Triangle Below Canada

3. TFF GOALS INTERNATIONALLY - QATAR

Cultural Diplomacy

Why Doha?  Why Not.

4. WHY THE REALTIONSHIP WITH STERN

We love community and education

5. STUDENT PROJECTS

Filmanthropy

Founded by Aaron Kinnari

•          NYU Undergraduate Senior & President, Stern Cares

•          Stern Cares: Sponsoring Organization

•          Enrolled & excelled in Al Lieberman’s Tribeca Film Festival Class last Spring

§  The idea for “Filmanthropy” was born out of Aaron’s positive experience at TFF ‘09

§  The strength of the Tribeca brand in the education space

•          Active in CGI

6. GEOFF GILMORE MOVING TO TFF

Changed the Landscape

7. FILM FESTIVALS IN GENERAL

New Distribution Model

8. POLITICAL- SOCIAL- ECONOMIC AGENDA

We're here from Tribeca and we came to help, really.

Can there be a civic minded media company that is for profit yet philanthropic, and creates a meaningful brand?

9. THE FESTIVAL ITSELF - STRUCTURE, BOARD

For Profit/ Not For profit

Walnut Hill became an outside investor

10. ANYTHING CRAIG WOULD LIKE TO SPEAK ABOUT

Disrutptive Innovation

Open Source

Cathedral and the Bazaar

Palindrome

A True "We're Not Going to Take It Any More" Moment from MSNBC. 

Reminds me of  the quote my father use to tell me: "I never learned anything while I was talking"

U.S. Treasury Decision to Push Global Banking Bohemeths Set U.S. On a Collision Course with Inevitability of Financial Irresponsibility

 U.S. Treasury Wants REALLY BIG Banks  (click here to read  entire 1987 article )

TREASURY NOW FAVORS CREATION OF HUGE BANKS

WASHINGTON, June 6— Top officials at the Treasury Department have concluded that the Government should encourage creation of very large banks that could better compete with financial institutions in Japan and Europe.

The Treasury plan, which would permit the acquisition of banks by large industrial companies, was also endorsed by Alan Greenspan, in an interview before President Reagan nominated him this week to be chairman of the Federal Reserve Board.    to read entire article click here.

Harvard Derivatives Hedging Strategy Backfires to the tune of $500 million

 Larry Summers Hard at work.  It's very tiring to be a genius, your mind never rests

 

   

 

                "Bozo The Clown"--Genius

Transparency, schmansparency.  Not even the  high-Q of Larry Summers is enough intelligence to avoid looking like a schmuck... at least in hindidght.  Seems the geniuses at Harvard had a conviction that interestes were heading north.  So to hedge their interest rate exposure, they entered into a series of interest rate swaps to synthetically "lock-in" a fixed rate against their anticipated Capital Projects Campaign that would be funded trough floating rate bonds.  A pretty intelligent and "correlative hedging" startegy and an apprpriate use of derivative proucts. But they still managed to talke a $500 million hit (that we know about) to unwind it's position.

SO WTF  happened.  I'll tell you what.  The wheels came off the car driving down the highway at 70 mph.  Or at least one  leg fell of the stool.  I'll let the investigative pundits try to reconstruct or deconstruct how even the smartest guys can't manage the risk of products they don't really understand.

Lest you think I am not clairvoyant, I will predict that this  was a combination of not only rates dropping precipitously (due tot he fianancial crisis), a cancellation of the projects (due to the fiancial crisis)  massive investment losses in the alternative investments portfolio (due to the financial crisis)  and something known as basis risk (hedge variable rate demand products that have weird results when spreads go wild (due tothe fiancial crisis).

So it's a good thing that Harvard was able to remove the risk manager , Larry Summers -- he was kinda like the CEO. Glad he is watching the economy and the finacial markets on behalf of all of us instead of just the Harvard Treasury.

Q:  Ho do you sit on a three legged- stool when one of the legs breaks off?

A: You just turn it upside down.