The (Mis)Economics of Oil

Mar 2nd, 2015 Posted in Economic | No Comments »

Forgive us for being constantly skeptical, its in our nature. We see downside risk first and examine risk reward later. That said, we apply the same skepticism to any type of information we consume. For example, the New York Times notes that the drop in oil prices is Simple Economics. But is that right? On the surface (and I give the caveat that Im no economist, Im just armed with four university level economics classes and a healthy dose of teaching from the School of Hard Knocks), I question this. Heres the rub: the oil market has experienced a number of instances where the supply / demand imbalance has been of equal magnitude , and these were not associated with the movement in the assets...

The Value of an Economics Nobel Prize Will Be Determined on the Auction Block

Mar 2nd, 2015 Posted in Economic | No Comments »

The will of Alfred Nobel, the Swedish chemist who invented dynamite and died in 1895, established prizes for physics, chemistry, medicine, literature and peace. But not economics. The prize in economics came along much later, with its 1968 establishment by the central bank of Sweden. Critics of economics gleefully note that the prize, officially known as the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, is not on par with the other prizes. Its a prize of interlopers. Even one of Nobels own relatives has criticized the prize as a PR coup by economists to improve their reputation.

Now the debate over the value of the economics Nobel will be settled once and for all when...

Zionist Camp Economics 101: Out with the New, In with the Old

Mar 2nd, 2015 Posted in Economic | No Comments »

Forget Hezbollah, Hamas, Abbas and Iran: the primary driver in Israels upcoming elections is the high cost of living. Recent polls have consistently shown that domestic policy and economics, rather than security and Palestinian peacemaking, are what most Israelis will be thinking about when they cast their votes on March 17.

With Israeli Prime Minister Benjamin Netanyahus bedrock issue, national security, no longer the focus of many voters, the Zionist Camp smells blood. The left-center bloc led by opposition Labor leader Isaac Herzog and Tzipi Livni is campaigning hard to persuade stressed out Israelis that the era of sky-high rents, stagnant salaries and limited job opportunities...

Bank of Georgetown Promotes Three Officers to Senior Vice President

Mar 2nd, 2015 Posted in Cash Management | No Comments »

WASHINGTON, Feb. 24, 2015 (GLOBE NEWSWIRE) — Bank of Georgetown, a leading community bank providing loan, deposit and cash management solutions to Washington metro area businesses, is pleased to announce three promotions:

Lori Childers is promoted to senior vice president, consumer residential lending. She joined the Bank at its founding in 2005 as vice president, consumer residential lending. With more than 25 years of experience in the industry and extensive knowledge of the Washington metropolitan consumer lending market, Childers oversees all consumer and residential loans for the Bank and works closely with clients to help them obtain the most effective financial solutions...

How much would you pay for a Nobel Prize in economics? Now’s your chance.

Mar 1st, 2015 Posted in Economic | Comments Off

Most of the time, to get your hands on a Nobel Prize in economics, you need some serious brain power, decades of hard work on an esoteric subject, and the universal respect of the economics community. Now, to join the ranks of Krugman, Hayek, Myron and Scholes, all you need is a small fortune and the desire to spend it.

Thats right, this week, the Los Angeles-based auction house Nate D. Sanders will be accepting bids online for the Nobel Prize awarded to Belarusian-American economist Simon Kuznets, the third ever recipient of the Nobel Prize in economics. (If you are thinking about buying this piece, you should probably be aware that the economics prize is kind of the red-headed stepchild...

Women in Tech: Brian Kraznich’s Plan Is Good Economics

Mar 1st, 2015 Posted in Economic | Comments Off

High-profile promotions like those of Marissa Mayer to CEO at Yahoo, and Sheryl Sandberg to COO at Facebook, suggest that a critical mass of women have found a place in the computer technology industry. In fact, women remain significantly underrepresented in the high-skill jobs in Americas computer technology sector. At least one important player thinks its time for a change, and more importantly, is putting money and company policy behind the effort.

A study conducted by the American Institute for Economic Research in 2014 found that only 25 percent of skilled workers in the computer technology workforce were female. Subsequent reports by technology companies have confirmed the AIER...

58 women CFOs in the Fortune 500: Is this progress?

Feb 28th, 2015 Posted in Cash Management | Comments Off

What do Bed, Bath amp; Beyond, JPMorgan Chase, and Goodyear Tire amp; Rubber have in common? They all have women chief financial officers.

There are now 58 female CFOs serving at Fortune 500 companies, according to a Fortune analysis in collaboration with Samp;P Capital IQ. The list is based on the latest available data in the Samp;P Capital database as of early February. While that’s 14 more than in 2010 when nonprofit research firm, Catalyst, conducted a similar count of the Fortune 500 and 30 more than in 2000, the number of women CFOs at America’s largest corporations has risen by just one more since 2013.

Female finance chiefs still make up a paltry 11.6% of the total....

CIBC Recognized as Best Treasury and Cash Management Bank for Canada by …

Feb 28th, 2015 Posted in Cash Management | Comments Off

TORONTO, Feb. 18, 2015 /CNW/ – CIBC (TSX: CM) (NYSE: CM) announced today that it is being recognized by
Global Finance magazine as the Best Treasury and Cash Management Bank
in Canada. This is the first time Global Finance has evaluated the
Canadian market for cash management services. Among the criteria for
the award was the banks focus on client service and innovation.

Business clients at CIBC have benefited from a number of first to market
innovations over the last few years, including:

  • The ability to deposit cheques without leaving the office using the new
    CIBC eDeposit for cheques service. Using a special scanner, clients can
    ...

Fitch Rates Cambridge, MA’s GO Bonds ‘AAA'; Outlook Stable

Feb 28th, 2015 Posted in Cash Management | Comments Off

NEW YORK Fitch Ratings has assigned the following ratings to the city of Cambridge, Massachusetts (the city) general obligation (GO) bonds:

–$75,465,000 GO bonds municipal purpose loan of 2015 AAA;

–$37,580,000 GO refunding bonds series 2015 AAA.

Proceeds of the series 2015 bonds will be used to finance a school reconstruction project and sewer improvements. Proceeds of the refunding bonds will be used to refund a portion of the citys outstanding GO bonds. The 2015 new issue bonds will sell competitively on March 3rd; the refunding bonds will price via negotiation on March 4th.

In addition, Fitch affirms the AAA rating for the citys outstanding...

In Brief | Island Inc. | 2-16-15

Feb 27th, 2015 Posted in Cash Management | Comments Off

Boranian leading West Hawaii VASH program

The board of directors of VASH Hawaii Island recently welcomed Matt Boranian as the new West Hawaii program director.

Boranian’s experience includes hotel operations and management, having spent the last seven years working with Hilton, Westin and Marriott hotels. His background in management work has resulted in several leadership awards, including the 2014 Ace Parking Inc. nationally recognized “Every Thank You Earned Award” and San Diego Mesa College’s 2008 All-League Leadership Award. He graduated from Kealakehe High School and has a bachelor’s degree from the California State University at San Marcos.

The...