Bill gates gets burned by Letterman

by soccerblue2300 on Feb 26, 2007

I thought this was funny, so I uploaded it.

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Longxi International Hotel,WorldArchitectureNews, Editorial, Huaxi, Tall buildings,Offices/commercial,Hotels

Longxi International Hotel,WorldArchitectureNews, Editorial, Huaxi, Tall buildings,Offices/commercial,Hotels

China's richest village opens luxury 328m tower as it begins an architectural ascent

In the 1950s it was home to around 600 hardworking farmers. Today this figure stands closer to 35,000. We are of course talking of Huaxi, a so-called ‘village’ in China’s Jiangsu province sprawling outwards at breakneck speed which last week opened a breathtakingly lavish 328m tower costing 3bn Yuan (£301m).

An Internet storm followed as blogs and Twitter users picked up on reports from reliable news sources listing seemingly impossible statistics: a £31m solid gold statue of an ox weighing over a tonne; a large proportion of the Huaxi villagers each donating 10m Yuan in shares; genuine flakes of gold inlaid on the reception floor...
The 800-suite building which acts primarily as a hotel and conference centre under the title Longxi International Hotel has become a symbol of China’s construction industry but for many, this is a bridge too far. Jonathan Watts, respected contributor to The Guardian, penned an enlightening article on Thursday detailing the troubles that may arise on the back of this luxury tower.
http://www.worldarchitecturenews.com/index.php?fuseaction=wanappln.projectview&upload_id=17786#

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Trading of gold in yuan makes glittering debut ....www.chinadaily.com.cn

Trading of gold in yuan makes glittering debut

http://www.chinadaily.com.cn/hkedition/2011-10/18/content_13920411.htm

Updated: 2011-10-18 07:01

By Oswald Chen (HK Edition)

Move gives another boost to city's status as offshore RMB hub

The Chinese Gold & Silver Exchange Society, a century-old bullion bourse in Hong Kong established, started trading gold quoted inyuan on Monday, giving another boost to the city's status as an offshore hub for the mainland currency.

The contract may generate as much as HK$6 billion ($770 million) in trades a day, exchange President Haywood Cheung said in aninterview on October 14. Daily bullion trading volume at the society, which has 171 active members, has jumped to HK$136 billionfrom last year's HK$31 billion as appetite increases for gold due to it being seen as a "haven" from stock declines on global marketsthis year.

Gold transactions amounted to approximately 117 million yuan for the first day of trading with a settlement price of 346.95 yuan pergram. Some 322 kilograms were traded.

http://www.chinadaily.com.cn/hkedition/2011-10/18/content_13920411.htm

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Mineweb.com - Euro woes, Goldman Sachs loss, China downturn all weigh on gold - FAST NEWS | Mineweb

Mineweb.com - The world's premier mining and mining investment website Euro woes, Goldman Sachs loss, China downturn all weigh on gold - FAST NEWS | Mineweb

Gold slumps, CFTC votes on "speculative curb" measures, Asia "could form new pool of liquidity" for precious metals market.

Author: Ben Traynor
Posted: Tuesday , 18 Oct 2011

LONDON -

The dollar gold price fell 1.4% in less than half an hour to $1638 per ounce Tuesday lunchtime in London - while stock markets also fell sharply - after investment bank Goldman Sachs announced a third quarter net loss of $393 million.

The loss - Goldman's second ever as a listed company - represents 84 cents per share, compared to a Bloomberg analysts' consensus forecast of 11 cents.

Earlier trading saw gold bullion prices steadily decline throughout Tuesday morning - along with stocks and commodities - after China's GDP figures showed an economic slowdown and doubts were raised about France's sovereign credit rating.

On the currency markets, the Euro fell for the second day running against the Dollar.

Meanwhile in Washington, US regulator the Commodity Futures Trading Commission was set to vote later today to set "position limits" on traders in a range of markets, including silver and gold futures.

Aimed at "curbing excessive speculation", the position limits are one of 32 areas demanding new CFTC regulation under the Dodd-Frank finance bill.

The CFTC vote comes just one day after the Chinese Gold & Silver Exchange Society launched the Yuan-denominated Kilobar Gold contract in Hong Kong - the world's first Yuan-denominated gold contract outside mainland China. ..........

http://www.mineweb.com/mineweb/view/mineweb/en/page504?oid=137750&sn=Detail&pid=102055

All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.

Holmes Says Gold Prices May Double Over Next Five Years

Oct 18, 2011 by Bloomberg

Oct. 18 (Bloomberg) -- Frank Holmes, chief executive officer of U.S. Global Investors Inc., talks about the outlook for gold prices and his investment strategy. He speaks with Pimm Fox on Bloomberg Television's "Taking Stock." (Source: Bloomberg)

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iHurt: Apple Misses Estimates For Q4

FinancialNewsOnline | Oct 18, 2011

Apple (NASDAQ:AAPL) reported Q4 EPS of $7.05, missing analyst estimates of $7.28 per share. Revenue for the quarter were $28.30 billion, missing consensus estimates of $29.45 billion.

Tim Cook, Apple's CEO said, "We are thrilled with the very strong finish of an outstanding fiscal 2011, growing annual revenue to $108 billion and growing earnings to $26 billion.Customer response to iPhone 4S has been fantastic, we have strong momentum going into the holiday season, and we remain really enthusiastic about our product pipeline."

Apple (NASDAQ:AAPL) has potential upside of 20% based on a current price of $423.5 and an average consensus analyst price target of $508.33

All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.

Le Bon, Gustave. The Crowd: A Study of the Popular Mind - BOOKS

Le Bon, Gustave. The Crowd: A Study of the Popular Mind 

http://www.amazon.com/Crowd-Study-Popular-Mind/dp/0486419568

Product Description

One of the greatest and most influential books of social psychology ever written, brilliantly instructive on the general characteristics and mental unity of a crowd, its sentiments and morality, ideas, reasoning power, imagination, opinions and much more. A must-read volume  for students of history, sociology, law and psychology.

Why I Avoid Large Groups of People., August 4, 2003

By 

This review is from: The Crowd: A Study of the Popular Mind (Paperback)

zonaras (Jimbo's House of Pie) -

_The Crowd: A Study of the Popular Mind_ by French social theorist Gustave LeBon is a short treatise on the principles of large gatherings of people. As the disclaimer on the title page notes, the ideas in LeBon's book were popular at the time of the late 19th century but are no longer in vogue today. The reasons for this are obvious, as LeBon unpretentiously puts to fault all the rhetoric about "democracy," "equality," "fraternity," and "equality" as being mere catchphrases that self-serving demagouges use to control the spirit of the masses. He cites the French Revoloution and the demands of Socialism and Communism during his time. LeBon outlines the way crowds tend to think (in vivid images illogically connected), how they reason (they don't for all practical purposes), how they express exaggerated emotion, how they are very quick to take action without coherent thought and of the general extreme-conservativism and intolerance of crowds. The individual who becomes part of a crowd tends to loose himself, and feels invincible as he is aware of the similarity of mind and purpose of all those surrounding him. LeBon notes how individuals become unthinking entities of the Herd, and can be unconsciously made to do acts, which can either be of great criminality or heroism. The reasoning of the solitary individual is superior to that of a crowd which has no individuality. All are "equal" in a crowd where, for instance, a mathemetician is caught up in the same spirit as a laborer and class and intelligece differences fall to the lowest common denominator. One advangage of crowds is that they can express the spirit of a class, caste, or race of a people better than the individual can, and that crowds are capable of great deeds such as victory in a war or the spread of a religion that would be beyond simply one person's effort. The back title of _The Crowd_ mentions that Hitler, Mussolini in addition to Freud were familiar with LeBon's work, and it is readily apparent that their followers acted very similar to the behavior that LeBon describes. The basic point of _The Crowd_ is this: For Bettor or Worse, Never Underestimate the Power of Stupid People in Large Groups.

The Irrationality of Crowds., October 28, 2007

By 

New Age of Barbarism "zosimos" (EVROPA.) - 

The Crowd: A Study of the Popular Mind_ is an English translation of the classic work on crowd psychology of French theorist and social scientist Gustave le Bon first published in 1895. Gustave le Bon (1841 - 1931) was a French social theorist whose works played a prominent part in the understanding of nationality, racialism, herd behavior, and crowd psychology. Le Bon writes from the perspective of a rationalist and a skeptic (though he is also skeptical of the uses to which "reason" is put by crowds, such as occurred during the French revolution) and examines crowd psychology from a scientific perspective. Le Bon's understanding of crowd psychology reveals the irrationalism of crowds and the inadequacies of the democratic process. This work in particular played a prominent role in the formation of such psychoanalytic theorists of the unconscious as Sigmund Freud and Carl Jung as well as in the leadership principle and crowd control of such figures as Benito Mussolini. As such, le Bon's work offers an important social, psychological, and political understanding of the processes that operate within crowds.

In his Preface, Le Bon lays out his understanding of the role of crowds, particularly as concerns the "present age" (his own time period). Le Bon explains the manner in which the unconscious activity of crowds has replaced the conscious activity of the individual. Le Bon also shows how he belongs to no particular school and thus claims that he is free from the biases of all such schools. Further, le Bon contends that the spirit of reform has guided crowds and that the era of crowds has replaced the divine right of kings. Following this, le Bon turns to "The Era of Crowds" in his Introduction. Le Bon explains how crowds have come to take a prominent place within national thought and that the modern age has become an era of crowds. Le Bon further offers that an understanding of crowds is essential for legislators and statesmen. The first "Book" of this book is entitled "The Mind of Crowds". Le Bon begins by considering the general characteristics of crowds. Le Bon defines the crowd in terms of psychology and distinguishes his definition from that of the commonplace understanding of the crowd. Le Bon further explains the "psychological law of the mental unity of crowds". Le Bon contends that in a crowd brain activity is reduced and there is a prominence of medullar activity, meaning that crowds act largely unconsciously. Following this, le Bon turns to the sentiments and morality of crowds. Le Bon contends that there is an impulsiveness, mobility, and irritability of crowds. Le Bon also contends that there are racial differences among crowds. Further, le Bon argues that crowds are credulous and readily influenced by suggestion. Le Bon also contends that crowds do not admit doubt or uncertainty and always head towards extremes. Further, le Bon contends that there is an intolerance, dictatorialness, and conservativism of crowds. In addition, le Bon contends that while crowds may act in accordance with a lower morality than that of the individual, it is also possible for crowds to have a higher morality than the individual and thus be prone to heroics. Following this, le Bon turns his attention to the ideas, reasoning power, and imagination of crowds. Le Bon contends that lofty ideas must be dumbed down before they can appeal to crowds. Le Bon further argues that crowds cannot be substantially influenced by reasoning and that their level of reasoning is entirely inferior to that of the individual. Finally, le Bon contends that crowds are prone to the imagination and they think in images, and that further the marvelous has always had some influence on crowds which is frequently linked to statesmen. Following this, le Bon turns his attention to the religious shape assumed by all the convictions of crowds. Le Bon argues that popular gods have never completely disappeared and that even atheism may take on a religious shape under the influence of crowds. Le Bon considers the religious shape of such historical occurrences as the Reformation, Saint Bartholomew, and the Terror following the French Revolution. Le Bon also considers the religious role of such great religions as Christianity, Islam, and Buddhism. The second "Book" of this book is entitled "The Opinions and Beliefs of Crowds". Here, le Bon begins by considering remote factors of the opinions and beliefs of crowds. Le Bon considers such factors as race, traditions, time, political and social institutions, and political and social institutions as they relate to instruction and education regarding the opinions and beliefs of crowds. Following this, le Bon turns his attention to the immediate factors of the opinions and beliefs of crowds. Le Bon considers such factors as images, words, and formulae, illusions, experience, and reason. Next, le Bon considers the leaders of crowds and their means of persuasion. Le Bon begins by arguing that there is an instinctive need of all crowds to obey a leader. Le Bon also considers various characteristics of such leaders. Further, le Bon considers the means of action of the leaders, which he classifies as affirmation, repetition, and contagion. Together these principles explain the actions of crowds under a leader. In addition, le Bon considers the prestige of a leader, arguing that a leader must possess a certain prestige. Le Bon defines prestige and argues that there are different kinds of prestige including acquired prestige and personal prestige, as well as showing how prestige is lost. Following this, le Bon considers limitations of the variability of the beliefs and opinions of crowds. Le Bon considers fixed beliefs of crowds, noting how they have formed, as well as the possibility of changeability of beliefs of crowds, arguing that beliefs of crowds have become more and more in flux and that further the beliefs of crowds tend towards indifference. The third "Book" of this book is entitled "The Classification and Description of the Different Kinds of Crowds". Le Bon begins by considering the classification of crowds into heterogeneous and homogeneous crowds. Le Bon argues that there are different races which constitute crowds and examines the effect of race and civilization in contrast to barbarism. Le Bon further argues that there are different kinds of homogeneous crowds including sects, castes, and classes. Following this, le Bon examines criminal crowds. Le Bon considers their psychology and the role of the unconscious. Le Bon further considers the role of crowds in the September massacre as well as other criminal crowds. Following this, le Bon considers criminal juries as crowds. Le Bon examines the role of juries arguing that they serve a useful purpose and should not be replaced by magistrates. Le Bon examines statistics on juries arguing that their decisions are often superior to those of experts or magistrates in that they are frequently more lenient and less prone to personal vendettas. Following this, le Bon considers electoral crowds. Le Bon points out some inferior points of democracy but notes that it also has some strong points as well. Le Bon notes the role of electoral crowds in the committees of the Revolution as well as the role of universal suffrage. Following this, le Bon ends by considering parliamentary assemblies, noting the roles of leaders and the progressive loss of liberties with the increase of state power. Le Bon ends by reflecting upon the rise and fall of civilizations and the passage into barbarism and relating this to his discussion of crowds.

This book offers a classic study of the crowd psychology. It was an important book for many during the early half of the Twentieth century during a period when totalitarianisms were developing and in which crowds arose led by powerful leaders. This book continues to be important though for what it has to say about the role of the crowd and large groups of people. It is recommended to those who want to understand mass psychology and the role that crowds play in society and politics. 

CHAPTER I.
GENERAL CHARACTERISTICS OF CROWDS. -- PYSCHOLOGICAL
LAW OF THEIR MENTAL UNITY.

   What constitutes a crowd from the psychological point of view -- A numerically strong agglomeration of individuals does not suffice to form a crowd -- Special characteristics of psychological crowds -- The turning in a fixed direction of the ideas and sentiments of individuals composing such a crowd, and the disappearance of their personality -- The crowd is always dominated by considerations of which it is unconscious -- The disappearance of brain activity and the predominance of medullar activity -- The lowering of the intelligence and the complete transformation of the sentiments -- The transformed sentiments may be better or worse than those of the individuals of which the crowd is composed -- A crowd is as easily heroic as criminal.
   IN its ordinary sense the word "crowd" means a gathering of individuals of whatever nationality, profession, or sex, and whatever be the chances that have brought them together. From the psychological point of view the expression .............





All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.

October 18, 2011 Midday Metals Report

IraEpsteinFutures | Oct 18, 2011

Commodities, Ira Epstein, Linn Group, Futures Trading, Online Trading, Technical Analysis, Metals Report, Sales: 866-973-2077

All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.