Filadelfeia

Derivative of Time

Bellefonte — Mon, 07 Jul 2008 13:30:09 GMT

If thinking is the answer to what time is, then the derivative of time is performing at thinking’s greatest ability and the anti-derivate is human life’s reason.

Impressions

Bellefonte — Mon, 07 Jul 2008 12:43:56 GMT

Since light travels faster than sound...Isn't that why some people appear bright until you hear them speak.

Shake and Quake

Bellefonte — Thu, 24 Apr 2008 10:02:58 GMT

The USGS, one of my favorite organizations, has released a Seismic Hazard Map of the US along with relevant data collection description of set categories of probability estimates.

http://pubs.usgs.gov/fs/2008/3018/pdf/FS08-3018_508.pdf

Corn Exchange National Bank

Bellefonte — Tue, 15 Apr 2008 12:10:44 GMT

I could not help to notice a Corn Exchange National Bank engraving on the building across from where I had dinner last night. Following a little search, I found this stock certificate.

Google 3D Warehouse of the Bank:

http://sketchup.google.com/3dwarehouse/details?mid=aa8563358ab2cf6d27a4e8f1b4d8879d

The New York based bank was founded in 1852 and expanded into Pennsylvania, Wisconsin and Nebraska; corn relevant areas for the time and supported their fundamental commodity product exchange. The history of the bank is full of M&A transactions. The most recent actions were in 1991 where the entity took the name of the Chemical Banking Corporation; only to merge with a J.P Morgan Chase subsidiary, Chase Manhattan Corp in 1996, but functions under the ticker JPM.

An in-depth history of this bank shows how monetary economics has adjusted to trends in civilian society. Starting as an exchange, fills median to today’s J.P Morgan.

Greatness

Bellefonte — Thu, 10 Apr 2008 12:34:41 GMT

I rise out of bed every day to perform greatness.

April Is Financial Education Month

Bellefonte — Mon, 07 Apr 2008 14:43:20 GMT

Andrew Hill, Ph.D., discusses topics in personal finance and economics.

Podcast

Some Evidence on the Future of Economics

Bellefonte — Sun, 06 Apr 2008 17:46:51 GMT

I came across this paper. I figured that the goal is useful to the read.

Some Evidence on the Future of Economics

Highlights:

There is evidence of a strong brain drain, at the bachelors level, in our data on the assistant professors now working in elite American departments.
The 112 assistant professors in our sample are heavily involved in empirical research. In a sense, this fact runs contrary to longstanding worries expressed by authors such as Morgan. (1988).
Macroeconomics, econometrics and labour economics are the dominant fields.
Approximately one quarter of the economists are female.

Global Spend on Trading Technology to Exceed $46 Billion in 2008

Bellefonte — Fri, 04 Apr 2008 18:30:01 GMT

Global expenditure on trading and related technology and services reached an estimated US$45.8 billion in 2007, according to new analysis released by the trading technology and research services consultancy Kimsey Consulting.

By Stephen Kimsey
January 11, 2008

Stephen Kimsey

The largest single country market is the US, accounting for an estimated 35% of total global spend. The second largest market is the UK, accounting for approximately 14% of spend.

In regional terms, Europe is the largest market, with an estimated US$19 billion being spent in 2007. In comparison, Asia/Pacific spent around US$7.5 billion.

Expenditure on applications and associated hardware and services, was an estimated USD$28.8 billion, almost three times the amount spent on information (market data, news, etc.). Expenditure on telecommunications (trading turrets, voice lines, recording, etc.) was an estimated USD$6 billion.

"Though growing economic uncertainty is likely to see mature markets remaining comparatively static, continuing development and expansion of financial, commodities and energy trading activity in emerging markets will support continued growth of the global market for trading and related technology and services", according to Stephen Kimsey, Principal of Kimsey Consulting.

This new analysis provides a breakdown of spend by key technology area for more than 50 individual countries and geographic regions. Analysis is derived from on-going Kimsey Consulting research - for instance the UK Dealing Room Survey, and the US Tri-State Trading Technology Study.

Looking forward, the expectation is for spend on applications to take an ever-increasing share of the trading technology budget. In part this will be due to the growing commoditisation of information, which itself is partly driven by enabling technologies such as the internet.

UBS Trading Floor

However the key driver for application spend is the continually evolving demand and requirement of the trading community. Trading is becoming increasingly reliant on applications, whether this be in the form algorithms, risk management, order management systems, back office, and even voice over IP. This is, of course, good news for those involved in the application and support area, though the question must, at some stage, be asked if this growing reliance on applications is good for the long-term health of the trading markets.

Global expenditure is expected to exceed US$46 billion in 2008, most likely driven by demand from developing markets. Asia/Pacific is expected to continue to be the fasted growing region in terms of trading technology expenditure, though South America and Eastern Europe will also be growing in their importance.

Stephen Kimsey is Principal Analyst at Kinsey Consulting
www.KimseyConsulting.com

From:

http://www.advancedtrading.com/research/showArticle.jhtml?articleID=205602805

BEA Regional Economic Data Charts

Bellefonte — Wed, 26 Mar 2008 13:49:36 GMT

A new addition to the BEA’s site is an easy to use data presentation hub. Below is a chart of Farm Seed purchases as a percentage of the US, according to the BEA’s Economic Area of Chicago-Naperville-Michigan City, from 1969-2005.

http://www.bea.gov/regional/remdChart

BIG

Bellefonte — Mon, 07 Apr 2008 14:45:39 GMT

There is something about big ships, or big industry, that makes my heart beat faster.

I want to moon-walk this deck in the middle of the ocean, blasting trance music, bowing to the waves.

William Trippley Youth Development Foundation

Bellefonte — Thu, 20 Mar 2008 22:06:40 GMT

I fallen friend of mine…

On Easter Sunday, 2004 William H. Trippley III received a fatal gunshot wound to the head, just a few blocks from where he lived on the East 23rd Street in Chester, Pennsylvania. Less than 48 hours later he was taken off life support and pronounced dead on April 12 ( Click here to read latest news.) Trippley was an admirable son, a caring brother, a bright student, a great friend, an inspiring athlete, and a talented artist. He was a member of the esteemed FC Delco Club soccer team, as well as a state and Region I Olympic Development Program (ODP) player. Trippley received scholarships to the Shipley High School and Elizabethtown College to play soccer as well.

Check out their site:

http://www.wtydf.com/

The Aston Martin Race Crew

Bellefonte — Mon, 10 Mar 2008 21:17:28 GMT

Focused, poised and technologically sophisticated, the Aston Martin Race Crew is ready for the 2008 season.

http://www.astonmartinracing.com/

Standard Deviation Diagram

Bellefonte — Thu, 06 Mar 2008 13:28:52 GMT

Dark blue is less than one standard deviation from the mean. For the normal distribution, this accounts for 68.27 % of the set; while two standard deviations from the mean (medium and dark blue) account for 95.45 %; and three standard deviations (light, medium, and dark blue) account for 99.73 %.

Principles Governing International Statistical Activites

Bellefonte — Sun, 17 Feb 2008 21:44:16 GMT

The source can be found here.

Bearing in mind that statistics are essential for sustainable economic, environmental and social development and that public trust in official statistics is anchored in professional independence and impartiality of statisticians, their use of scientific and transparent methods and equal access for all to official statistical information, the Chief Statisticians or coordinators of statistical activities of United Nations agencies and related organizations, agree that implementation of the following principles will enhance the functioning of the international statistical system.

In doing so, they note the endorsement of these principles by the Committee for the Coordination of Statistical Activities on 14 September, 2005; they further recall the adoption by the United Nations Statistical Commission of the Fundamental Principles of Official Statistics in its Special Session of 11-15 April 1994, and the endorsement of the Declaration of Good Practices in Technical Cooperation in Statistics in its 30th Session of 1-5 March 1999.

1)	High quality international statistics, accessible for all, are a fundamental element of global information systems

Good practices include:

Having regular consultations with key users both inside and outside the relevant organisation to ascertain that their needs are met
Periodic review of statistical programmes to ensure their relevance
Compiling and disseminating international statistics based on impartiality
Providing equal access to statistics for all users
Ensuring free public accessibility of key statistics

2)	To maintain the trust in international statistics, their production is to be impartial and strictly based on the highest professional standards

Good practices include:

Using strictly professional considerations for decisions on methodology, terminology and data presentation
Developing and using professional codes of conduct
Making a clear distinction, in statistical publications, between statistical and analytical comments on the one hand and policy-prescriptive and advocacy comments on the other

3)	The public has a right to be informed about the mandates for the statistical work of the organisations

Good practices include:

Making decisions about statistical work programmes publicly available
Making documents for and reports of statistical meetings publicly available

4)	Concepts, definitions, classifications, sources, methods and procedures employed in the production of international statistics are chosen to meet professional scientific standards and are made transparent for the users

Good practices include:

Aiming continuously to introduce methodological improvements and systems to manage and improve the quality and transparency of statistics
Enhancing the professional level of staff by encouraging them to attend training courses, to do analytical work, to publish scientific papers and to participate in seminars and conferences.
Documenting the concepts, definitions and classifications, as well as data collection and processing procedures used and the quality assessments carried out and making this information publicly accessible
Documenting how data are collected, processed and disseminated, including information about editing mechanisms applied to country data
Giving credit, in the dissemination of international statistics, to the original source and using agreed quotation standards when re-using statistics originally collected by others
Making officially agreed standards publicly available

5)	Sources and methods for data collection are appropriately chosen to ensure timeliness and other aspects of quality, to be cost-efficient and to minimise the reporting burden for data providers

Good practices include:

Facilitating the provision of data by countries
Working systematically on the improvement of the timeliness of international statistics
Periodic review of statistical programmes to minimise the burden on data providers
Sharing collected data with other organisations and collecting data jointly where appropriate
Contributing to an integrated presentation of statistical programmes, including data collection plans, thereby making gaps or overlaps clearly visible
Ensuring that national statistical offices and other national organisations for official statistics are duly involved and advocating that the Fundamental Principles of Official Statistics are applied when data are collected in countries

6)	Individual data collected about natural persons and legal entities, or about small aggregates that are subject to national confidentiality rules, are to be kept strictly confidential and are to be used exclusively for statistical purposes or for purposes mandated by legislation

Good practices include:

Putting measures in place to prevent the direct or indirect disclosure of data on persons, households, businesses and other individual respondents
Developing a framework describing methods and procedures to provide sets of anonymous micro-data for further analysis by bona fide researchers, maintaining the requirements of confidentiality

7)	Erroneous interpretation and misuse of statistics are to be immediately appropriately addressed

Good practices include:

Responding to perceived erroneous interpretation and misuse of statistics
Enhancing the use of statistics by developing educational material for important user groups

8)	Standards for national and international statistics are to be developed on the basis of sound professional criteria, while also meeting the test of practical utility and feasibility

Good practices include:

Systematically involving national statistical offices and other national organisations for official statistics in the development of international statistical programmes, including the development and promulgation of methods, standards and good practices
Ensuring that decisions on such standards are free from conflicts of interest, and are perceived to be so
Advising countries on implementation issues concerning international standards
Monitoring the implementation of agreed standards

9)	Coordination of international statistical programmes is essential to strengthen the quality, coherence and governance of international statistics, and avoiding duplication of work

Good practices include:

Designating one or more statistical units to implement statistical programmes, including one unit that coordinates the statistical work of the organisation and represents the organisation in international statistical meetings
Participating in international statistical meetings and bilateral and multilateral consultations whenever necessary
Working systematically towards agreements about common concepts, classifications, standards and methods
Working systematically towards agreement on which series to consider as authoritative for each important set of statistics
Coordinating technical cooperation activities with countries between donors and between different organisations in the national statistical system to avoid duplication of effort and to encourage complementarities and synergy

10)

Bilateral and multilateral cooperation in statistics contribute to the professional growth of the statisticians involved and to the improvement of statistics in the organisations and in countries

Good practices include:

Cooperating and sharing knowledge among international organisations and with countries and regions to further develop national and regional statistical systems
Basing cooperation projects on user requirements, promoting full participation of the main stakeholders, taking account of local circumstances and stage of statistical development
Empowering recipient national statistical systems and governments to take the lead
Advocating the implementation of the Fundamental Principles of Official Statistics in countries
Setting cooperation projects within a balanced overall strategic framework for national development of official statistics

Econometrics Society

Bellefonte — Thu, 14 Feb 2008 00:07:52 GMT

I am now a member of the Econometrics Society.

The Econometric Society is the most prestigious learned society in the field of economics, with a world-wide membership. Its main object is to promote studies that aim at a unification of the theoretical-quantitative and empirical-quantitative approach to economic problems and that are penetrated by constructive and rigorous thinking similar to that which has come to dominate in the natural sciences. It operates as a purely scientific organization, without any political, social, financial or nationalistic allegiance or bias.

Hopefully, I will attend the 2008 June meeting.

Econometrics Society

Grade Point Average versus Grade Point Median

Bellefonte — Sun, 17 Feb 2008 21:54:59 GMT

It has come to my hypnotized, attention that GPA is a bad indicator of a student’s performance. Grade Point Average (GPA) is highly influenced by outlier grades versus Grade Point Median (GPM).

Example:

Course Number	Student 1 Grades	Student 2 Grades

1	A	B
2	A	B
3	A	B
4	A	B
5	A	B
6	A	B
7	B	A
8	B	A
9	B	A
10	B	A

GPA	3.67	3.33

GPM	A = 4.0	B = 3.0

As the number of classes increase, the GPM will grow closer to the true student’s performance.

I sense an argument or house cleaning arising from this idea.

Read Carefully: Cmabrigde Uinervtisy

Bellefonte — Mon, 21 Jan 2008 22:17:47 GMT

Aoccdrnig to rscheearch at Cmabrigde Uinervtisy, it deosn't mttaer in waht oredr the ltteers in a wrod are, the olny iprmoatnt tihng is taht the frist and lsat ltteer be in therghit pclae. The rset can be a taotl mses and you can sitll raed it wouthit a porbelm. Tihs is bcuseae the huamn mnid deos not raed ervey lteter byistlef, but the wrod as a wlohe.

Stationary Progression

Bellefonte — Sat, 19 Jan 2008 19:15:19 GMT

School is about to begin. Internship applications are out. The platform has been built to provide an exciting next few months from my desk.

Miami Unsigned

Bellefonte — Sat, 19 Jan 2008 19:01:43 GMT

Miami Unsigned is a Non-Profit Organization that houses a communication link between artists and quality venues. The organization covers all types of music. The individuals of Miami Unsigned and I, feel that there is a growing progression back towards in-house live music. Proper conditions between the two will create the platform that will satisfy the general public's demand for gaining access to live music. Miami Unsigned will also help establishments that are new to presenting live music to their customers, with publications and their arsenal of artists.

If you are an unsigned musician, current or interested venue holder, contact Miami Unsigned at:

Miamiunsigned@gmail.com

Miami Unsigned

The Time Before I-76

Bellefonte — Thu, 17 Jan 2008 16:07:26 GMT

Photos from 1893

Source