Inside John Mack's Strategy to Save Morgan Stanley

  

Oct. 8 -- Former Federal Reserve Chairman Ben Bernanke and Former Morgan Stanley Chairman and CEO John Mack discuss the 2008 financial crisis. They speak on "Bloomberg ‹GO›."

-- Subscribe to Bloomberg on YouTube: http://www.youtube.com/Bloomberg



Bloomberg Television offers extensive coverage and analysis of international business news and stories of global importance. It is available in more than 310 million households worldwide and reaches the most affluent and influential viewers in terms of household income, asset value and education levels. With production hubs in London, New York and Hong Kong, the network provides 24-hour continuous coverage of the people, companies and ideas that move the markets.

Link: https://youtu.be/WGjbjovPplI

Inside John Mack's Strategy to Save Morgan Stanley

  

Oct. 8 -- Former Federal Reserve Chairman Ben Bernanke and Former Morgan Stanley Chairman and CEO John Mack discuss the 2008 financial crisis. They speak on "Bloomberg ‹GO›."

-- Subscribe to Bloomberg on YouTube: http://www.youtube.com/Bloomberg



Bloomberg Television offers extensive coverage and analysis of international business news and stories of global importance. It is available in more than 310 million households worldwide and reaches the most affluent and influential viewers in terms of household income, asset value and education levels. With production hubs in London, New York and Hong Kong, the network provides 24-hour continuous coverage of the people, companies and ideas that move the markets.

Link: https://youtu.be/WGjbjovPplI

Batman

't u r q u o i s e b r e a t h i n g ' : © Ken Koskela #Photography Morning on the Li River, Guilin China

Kabukiza, Tokyo, 2003 Hiroshi Watanabe 

Money Laundering using PayPal

Carole Cadwalladr‏Verified account @carolecadwalla 12h12 hours ago

More


..and it’s not just the undisclosed donor. It’s the thousands of dark micropayments via PayPal. This is a well-known money laundering device. And there are no safeguards in place to ensure these are legitimate. Can you prove they are @nigel_farage?

Conflict

Strait of Hormuz: 5 key facts

GlobalPost

December 29, 2011 · 

By Hanna Ingber

Iranian Army soldiers stand guard on a military speed boat during the 'Velayat-90' navy exercises in the Strait of Hormuz in southern Iran on December 28, 2011.

Credit: ALI MOHAMMADI

These days, the Strait of Hormuz is like a a child of divorce caught between two angry parents. Not exactly a fun position to be in. But what exactly is the Strait of Hormuz, and why are the United States and Iran engaging in a back-and-forth war of words over it? Here are five key facts about it.

5. It is a narrow strait located between the Gulf of Oman and the Persian Gulf. Iran borders the Strait of Hormuz to the north, and the United Arab Emirates and Oman's Musandam Peninsula border it to the south. See the map in the slideshow above.

4. Much of the Persian Gulf relies on the Strait of Hormuz to export its petroleum and reach the ocean, making it one of the world's most important oil supply routes.

3. About 15 million barrels of crude oil pass through the Strait of Hormuz on a typical day. About a fifth of the world's oil supply goes through the strait.

2. The strait is 21 miles wide at its narrowest point, and despite Iran's threats, it has never managed to cut it off completely to traffic.

1. Close to 300 people died in the Strait of Hormuz in 1988 when a US Navy missile cruiser, USS Vincennes, shot down an Iran Air Airbus A300 passenger jet over it.

Read more from GlobalPost: War of Words over Iran oil blockade threat (VIDEO) 

Link: https://www.pri.org/stories/2011-12-29/strait-hormuz-5-key-facts

How Great a Concern?

Iranian threats to close the Strait of Hormuz

by William D. O'Neil

For thirty years and more, Iran has periodically threatened to punish its enemies by closing the Strait of Hormuz to tanker traffic, thus cutting off much of the world's oil supply and presumably driving prices to record heights. The Iranians actually attempted a partial closure (against Iraq and Arab states supporting it in its war with Iran) in 1987-88, but the effects came nowhere near what they had hoped – the attacks did relatively limited economic damage to the Arabs but prompted an American intervention that was costly to Iran.
Nevertheless, concerns about the threat persist. In a recent article, Caitlin Talmadge outlined a scenario under which, as she saw it, Iran could plausibly close the Strait for a month or more and do very serious economic damage. ["Closing Time: Assessing the Iranian Threat to the Strait of Hormuz," International Security 33, No. 1 (Summer 2008): 82-117.] This would be accomplished by a combination of extensive mine fields in combination with attacks by antiship missiles launched from sites ashore. A massive and very costly American effort would be necessary to re-open the Strait, she predicts.
In response, I published an analysis which questions some of Talmadge's key assumptions and assertions. ["Costs and Difficulties of Blocking the Strait of Hormuz," International Security 33, No. 3 (Winter 2008/2009): 190-5.] This is a brief summary of what I say there.

Costs

The first thing to bear in mind about closing the Strait is how much damage it would do to Iran and its interests even to try. A threat against the oil traffic is a threat against every oil user which would be bound gain Iran all but universal enmity. In such a situation Iran's enemies, and particularly the United States, would enjoy largely a free hand to act as they saw fit to break the blockade, and do what injury they chose to Iran in the process. Iran could find itself entirely stripped of air and naval defenses in the wake of U.S. strikes. The United States would probably find it necessary to seize many of the Iranian and Iranian-occupied islands in the Persian Gulf, and would scarcely be in any hurry to return them. The military bases and commercial facilities around Bandar Abbas would no doubt be extensively damaged and perhaps even occupied.
Moreover, the one state whose oil traffic would most assuredly be seriously affected is Iran. American naval forces effectively control the seas throughout the region and could block all ships carrying oil or oil products to or from Iran. Not only would this cut off most of the revenues of the Iranian government and most of the nation's foreign exchange, but Iran actually depends on imports for many critical petroleum products, due to its mismanagement of its own resources. Even the limited flow of oil through pipelines would not necessarily be safe from U.S. precision-weapons attacks.

Mines

The Strait of Hormuz and the waters of the Persian Gulf to the west of it are a good deal too broad and deep to permit them to be closed with a handful of mines, as often has been suggested – see the map of the area. In order to close traffic, it is necessary to mine all the waters lying between the 25-meter depth curves, a span of about 25 miles.
Talmadge suggests that Iran could accomplish this with a few hundred mines laid by a combination of submarines and surface craft over a period of about a week. This is little doubt that Iranian mining efforts could be a very serious nuisance, but there are factors which work to limit potential effectiveness a good deal, especially the following:

• It is highly likely that U.S. surveillance would discover the mining before it had gone far, giving the Americans full justification to open hostilities as they chose.
• Surveillance would reveal the locations of fields, greatly improving the effectiveness of mine clearance.
• It is not necessary to clear the entire 25 mile width to permit resumption of traffic – a comparatively narrow channel is all that is needed. It is most likely that the U.S. Navy, assisted by Arab state forces in the Gulf, could accomplish this in few days.
• Merchant mariners and shipowners have always been ready to sail in harm's way as long as there was adequate compensation for doing so. There is no reason to expect that they would shrink from the risks of Iranian threats as long as they have naval protection.

Missiles

The antiship missile problem must be seen in an end-to-end perspective. The weak points in such systems have always been in their methods for finding targets in the first place and guiding the missile to a hit. Destroying or neutralizing these capabilities will quickly make antiship missiles ineffective, even if it proves difficult to destroy the missiles themselves (as it very well could).

• The only feasible way for the Iranians to detect and locate targets is with radars. Since these must announce their position they can fairly quickly be located and destroyed, even if they are mobile and move frequently.
• Even before the radars can be destroyed, their effectiveness can be greatly reduced by jamming.
• Even without attacks and jamming, the environment in the region of the Strait of Hormuz is generally unfavorable for radar due to massive clutter as well as frequently difficult propagation conditions, resulting in many missed detections and false tracks.
• A missile with a radar seeker will also be affected by clutter, and this will serve to make relatively simple countermeasures more effective in diverting the missile from its intended target.
• The propagation environment in this area also is poor for infrared (IR) missile seekers, again increasing the effectiveness of countermeasures.
• U.S. and allied warships armed with anti-air missiles would provide an added layer of protection by shooting down many incoming antiship missiles.

Summing up

An attempt by Iran to close the Strait of Hormuz would involve tragic costs, but most of them would be paid by Iran. As long as the United States and its allies in the region remain alert to the threat and maintain adequate precautions there is little reason to fear catastrophic consequences.
Copyright © 2009, 2010 by William D. O'Neil
8 February 2009, updated 13 January 2010

Home page

Link: http://www.analysis.williamdoneil.com/How_Great_a_Concern.htm

Tips for Journalists that Never Go Out of Style

40 Time-tested Tips for Journalists that Never Go Out of Style

By Jezzamine Andaquig on October 10, 2017

1. Always get the name of the dog.

2. Better to get it right than get it first.


3. Trust is our most important asset.

4. Endure the awkward silences in interviews.

5. Avoid clichés.

6. Pick up the damn phone.

7. And get out of the damn office.

8. Only quote when paraphrasing doesn’t do a better job.

9. With multimedia: complement, don’t repeat.

10. Know your equipment before you hit the field.

11. Give credit and thanks for user submissions.

12. Follow the money.

13. Ask open-ended questions.

14. Keep asking yourself: what is the story REALLY about?

15. Get good natural sound.

16. Experiment and take risks.

17. Capture more b-roll than you think you need.

18. When the eye and the ear compete, the eye wins.

19. Better to coach writers than fix broken stories.

20. Reports are about information; stories are about experience.

21. Arrive early, stay late.

22. Don’t let the powerful answer in the passive voice: “Mistakes were made.”

23. The best quote often comes after the reporter closes the notebook.

24. Journalism is a discipline of verification, not assertion.

25. Good writing is not magic, it’s a process.

26. Great journalism comes at the intersection of craft and opportunity.

27. Take responsibility for what readers know and understand.

28. Each reader brings an autobiography with them to a story.

29. In a nut graph, it’s not the graph that’s important, but the nut.

30. Place the emphatic word in a sentence at the end.

31. The antidote to procrastination is rehearsal.

32. Show AND tell.

33. Get a good quote high in the story.

34. Express your most important idea in the shortest sentence.

35. The most powerful form of punctuation is white space.

36. Write early to learn what you still need to learn.

37. Tell the audience what you know—and how you know it.

38. Don’t just interview the boss, talk to the mechanic.

39. To find stories, take a different route home.

40. If your mother says she loves you, check it out.





Source: https://www.poynter.org/40-time-tested-tips-journalists-never-go-out-style