IMackGroup

Math + Quant Finance

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Biography: IMackGroup provides mathematics edutainment and quantitative finance products and services.

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Essential Power: Director of Energy Risk Management Job

by Iris Mack, PhD, EMBA on July 30, 2014 0 Comments

 

This position is responsible for all risk management processes, including analysis, measurement, monitoring and reporting of Essential Power’s energy and commodity portfolio and associated enterprise risk management activities.  In addition, this position is responsible for providing leadership for the Enterprise Risk Management function including assessments, monitoring, reporting and governance. 

Please read more here and here.

Powerex Corporation: Quantitative Analyst

by Iris Mack, PhD, EMBA on July 30, 2014 0 Comments

 

The successful candidate’s responsibilities will include the following:

•           Analyses to support the risk management and trading of a diverse portfolio of physical energy and related energy derivative products.

•           Accurately producing regular and custom risk reporting in a timely manner.

•           Conducting custom analysis to support the evaluation of structured and strategic business opportunities.

•           Participation and leadership in team initiatives to maintain and improve risk measurement models, valuation models, risk reporting, and monitoring tools.

•           Monitoring trade activity for compliance within the risk policy limits.

Please read more herehere and here.

Saudi Aramco: Analyst/Consultant Job

by Iris Mack, PhD, EMBA on July 27, 2014 0 Comments

Saudi Aramco is seeking a Financial Analyst/Consultant to join the Joint Venture Support Division of the Joint Venture Support and Financial Consulting Department (JVS&FCD). Finance representatives are periodically selected from our pool of analysts and placed in CFO/Controllership positions with one of the Company's business lines, joint ventures (JV), affiliates, subsidiaries, global operations, or mega projects. JVS&FCD is a part of the Finance Business Line in Saudi Aramco and reports to the Controller's organization.

The Joint Venture Support Division is responsible for providing support to senior management and various business lines as it relates to JV matters. This support is provided through management reporting, financial analysis, financial advisory services, and financial reporting. The Financial Analyst/Consultant will work on high-profile assignments.

Core job requirements will include, but are not limited to:

  • Strong management skills 
  • Ability to manage competing priorities 
  • Effective oral and written communication ...
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Clips From the Documentary "Maxed Out"

by Iris Mack, PhD, EMBA on July 27, 2014 0 Comments

Maxed Out takes viewers on a journey deep inside the American style of debt, where things seem fine as long as the minimum monthly payment arrives on time. With coverage that spans from small American towns all the way to the White House, the film shows how the modern financial industry really works, explains the true definition of "preferred customer" and tells us why the poor are getting poorer while the rich keep getting richer. Hilarious, shocking and incisive, Maxed Out paints a picture of a national nightmare which is all too real for most of us.

"Smoking Time Jazz Club" in New Orleans' French Quarter

by Iris Mack, PhD, EMBA on July 21, 2014 0 Comments

 


Songs in the order of appearance:
-Everybody Loves My Baby (1924 Spencer Williams, Jack Palmer)
-Dinah (1925 Harry Akst, Sam M. Lewis, Joe Young)
-Little Coquette (1928 Carmen Lombardo, John W. Green, Gus Kahn)
-Me, Myself and I (1937 Irving Gordon, Allen Roberts, Allen S. Kaufman)
-Shake That Thing (Papa Charlie Jackson)
-I Can't Dance (I Got Ants in My Pants) (Charlie Gaines and Clarence Williams)

John "JJ" Joyce - band leader, vocals
Bots - trumpet
Christopher Johnson - alto sax
Satoru Ohashi - trumpet, trombone
Djordje Stijepovic - bullfiddle bass
Casey MacGill (Blue 4) - ukelele, vocals
Blu Beverage - banjo
Sean Clark -: drums

Chance Bushman - vocals, swing and tap dance
Giselle Anguizola - swing dance
Ron Freund - tap shoes

Oil Prices Rise Due to Global Geopolitical Turmoil

by Iris Mack, PhD, EMBA on July 21, 2014 0 Comments

 

A series of geopolitical events pushed prices higher by raising concern that oil supplies could be disrupted, even though no disruptions were imminent. The Obama Administration announced new sanctions against Russian energy firms after the market closed on Wednesday, including against Rosneft, Russia's biggest oil producer. While analysts say it is unlikely to cause any dip in production or exports in the short term, it could prevent or delay future exploration and production.

The crash of a Malaysian Airlines passenger plane over Ukraine — which Ukrainian officials said was shot down — raised the risk of a sharper conflict between Ukraine and Russia that could lead to even tighter sanctions against Russia. And fighting in the Gaza strip intensified after a shaky cease-fire expired, yet another source of turmoil in the Middle East, the world's most important oil-producing region.

"Although oil balances will not be impacted, it gives the oil ...

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Shell Oil Refinery in Norco, Louisiana‏‎

by Iris Mack, PhD, EMBA on July 21, 2014 0 Comments

Another Tulane Energy Institute hard hat trip - touring Shell's oil refinery in Norco, Louisiana.

Louise Ricks Celebrates Her 102nd Birthday Rocking to Pharrell's "Happy"

by Iris Mack, PhD, EMBA on July 21, 2014 0 Comments

Mrs. Ricks at 100 years young!

Mrs. Ricks at 102 years young!

 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

The Mad Violinist: Ashanti Floyd

by Iris Mack, PhD, EMBA on July 21, 2014 0 Comments

Entergy Louisiana Builds State-of-the-Art Electric Power Generation Unit‏‎

by Iris Mack, PhD, EMBA on July 21, 2014 0 Comments

Some of my colleagues and I from the Tulane Energy Institute recently spent several hours hiking around this $721 million natural gas unit under construction at the Ninemile Point Plant in Westwego, Louisiana.  It will generate 550 megawatts of electric power when completed in 2015. I think I like wearing a hard hat. LOL!

Harvard Study: Louisiana is the Happiest State in America

by Iris Mack, PhD, EMBA on July 21, 2014 0 Comments

 

According to a working paper from researchers at Harvard University and the University of British Columbia, the five happiest cities in the U.S. all happen to be located in one state, which also ranks as the happiest state...

That state is Louisiana. Specifically, the list-toppers of cities include Lafayette, Houma, Shreveport-Bossier City, Baton Rouge and Alexandria. Although some disagree that Louisiana is the happiest state, some research is proving otherwise. Polls that disagree typically use determinants such as financial, economic and purpose driven objectives many of which are career oriented, none of which apply (or have a significant impact) on happiness levels of Louisianans. Some studies have even declared Louisana to be one of the unhappiest states according to tweets and other statistics which are being proven wrong....

On the other end of the spectrum, the unhappiest cities had New York City topping the list, followed by St. Joseph ...

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Financial Times: US Shale Revolution Has Averted the Threat of a Global Oil Crisis

by Iris Mack, PhD, EMBA on July 15, 2014 0 Comments

 

Advances in US shale have coincided with political upheaval in big oil-producing countries. Political instability in Libya, Iraq and Venezuela has stoked concerns about disruption and threats to future supplies. International sanctions on Iran have also reduced the global supply of oil, and Nigeria’s industry is plagued by theft.

Were it not for the new production in the US, which has cut the country’s imports sharply, there would probably be talk of another world oil crisis. As a global energy supplier, it is, in the words of Madeleine Albright, the former secretary of state, the “indispensable nation”.

 

Please read more in the Financial Times.

"Enron: The Smartest Guys in the Room" (trailer)

by Iris Mack, PhD, EMBA on July 15, 2014 0 Comments

 

 

Enron - one of my old stomping grounds...

Grammy Award Winning "Rebirth Brass Band" from New Orleans

by Iris Mack, PhD, EMBA on July 15, 2014 0 Comments

The Rebirth Brass Band is a New Orleans brass band.  Rebirth is known for combining traditional New Orleans brass band music, including the New Orleans tradition of second line with funkjazzsoul and hip hop.

Dirty Little Secrets Hiding in Your Hotel Room

by Iris Mack, PhD, EMBA on July 15, 2014 0 Comments

Layoffs at Microsoft: 18,000 Jobs

by Iris Mack, PhD, EMBA on July 15, 2014 0 Comments

 

 

Microsoft confirmed it will cut up to 18,000 jobs over the next year, part of the tech titan's efforts to streamline its business under new CEO Satya Nadella.

In a statement released Thursday, Microsoft says about 12,500 of the professional and factory positions will be cut as part of its $7 billion acquisition of Nokia's handset business, which the company closed in April.

"My promise to you is that we will go through this process in the most thoughtful and transparent way possible," said Nadella in a memo to employees.

Please see more here.

"College Fund Band" in New Orleans' French Quarter

by Iris Mack, PhD, EMBA on July 15, 2014 0 Comments

 

A band of young jazz players, the oldest of which could not have been a day over 16. Some serious raw talent on the streets of New Orleans.

Park Avenue: Money, Power & the American Dream - Why Poverty?

by Iris Mack, PhD, EMBA on July 9, 2014 0 Comments

 

Published on Jan 5, 2013

How much inequality is too much? To find out more and get teaching resources linked to the film, go to www.whypoverty.net

740 Park Ave, New York City, is home to some of the wealthiest Americans. Across the Harlem River, 10 minutes to the north, is the other Park Avenue in South Bronx, where more than half the population needs food stamps and children are 20 times more likely to be killed. In the last 30 years, inequality has rocketed in the US -- the American Dream only applies to those with money to lobby politicians for friendly bills on Capitol Hill.

Director Alex Gibney
Producer Blair Foster
Produced by Jigsaw Productions & Steps International

Why Poverty? http://www.whypoverty.net/en/video/29/

EPA Claims It Has Power To Garnish Wages Without Court Approval

by Iris Mack, PhD, EMBA on July 9, 2014 0 Comments

 

The Environmental Protection Agency has quietly claimed that it has the authority to unilaterally garnish the wages of individuals who have been accused of violating its rules. 

According to The Washington Times, the agency announced the plan to enhance its purview last week in a notice in the Federal Register. The notice claimed that federal law allows the EPA to "garnish non-Federal wages to collect delinquent non-tax debts owed the United States without first obtaining a court order." 

The push remains up in the air, however, as the agency says any "adverse comments" would prevent the EPA from moving forward -- and some criticism has emerged in recent days.

Absent that, the rule could take effect Sept. 2. The EPA said the rule was not subject to review because it was not a "significant regulatory action." ....

The amount of money the EPA has collected in fines has increased steadily since President ...

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