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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (16959)	4/13/2007 2:00:32 AM
From: elmatador	Read Replies (1) \| Respond to of 217910

Citgroup sacks 17.000 and buy a hedge fund. Citigroup is close to buying a hedge fund as part of a deal that would put a former top executive at Morgan Stanley at the head of its alternative investments group, people close to the negotiations said last night. April 13, 2007 nytimes.com Citigroup to cut 17000 jobs Euronews.net, France - 23 hours ago Citibank will close some offices, and move 9500 workers from places like New York, London and Hong Kong to lower-cost locations.

To: TobagoJack who wrote (16959)	4/13/2007 2:04:04 AM
From: elmatador	Read Replies (2) \| Respond to of 217910

TJ watch if cut jobs at Citigroup points to a trend that will affect HK real estate. Here is the rationale: Citigroup doing this cut other follow suit. Besides new rounf onegotiations to renew leases by other financil institutions showing the case of the Citi to push leases down. Alos note that finance is the big business of the developed world and competion in coming to this sector. See my posting about Sweden cutting wealth taxes to repatriate capital and become more finance oriented economy (albeit 8bits have not seen the light yet :-). But you know those things much better than Elmat...

To: TobagoJack who wrote (16959)	4/13/2007 2:21:39 AM
From: elmatador	Respond to of 217910

An alternative to money: Energy accounting An energy credit is a hypothetical unit of currency used in a technate. Unlike traditional money, energy credits cannot be saved or earned, only distributed evenly among a populace. The amount of credit given to each citizen would be calculated by determining the total productive capacity of the technate and dividing it equally. The reason for the use of energy credits is to ensure equality among the Technate’s citizenry as well as prohibit spending that is beyond the productive capacity of the technocracy. This system is usually referred to as energy accounting. Technocrats point out that energy accounting is not rationing; it is a way to distribute an abundance and track demand. Everyone would receive an equal, abundant (i.e. far more than they need), amount of energy credits. Technocrats predict that at today's rates of energy conversion, no person will rationally be able to spend all their energy credits en.wikipedia.org