IMackGroup

Math + Quant Finance

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

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McKinsey Report: Digitizing Oil & Gas Production

by Iris Mack, PhD, EMBA on August 20, 2014 0 Comments

 

The authors of a recently published McKinsey report believe further automation can play a major role in addressing the following challenges in the oil and gas industries:

More complex operations. Increasing volume and complexity in hostile, remote locations (for example, arctic, offshore, and deepwater) require reliable remote and automated or semiautomated operations, and logistics optimized for efficiency. Mature assets with declining production need very efficient maintenance schedules to keep production profitable.

Zero tolerance for health, safety, and environmental incidents. This is a nonnegotiable imperative. Recent industry experience has shown that in the current highly regulated environment, such incidents can threaten not only profitability but also the very existence of an operator. Automated production control, monitoring the condition of the equipment, and predictive shutdown systems are now basic requirements to prevent or mitigate catastrophic events in geographically dispersed remote operations.

The talent and experience gap. The industry is in the most ...

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Senior Energy Analyst Job

by Iris Mack, PhD, EMBA on August 20, 2014 0 Comments

Eden Scott's client, a financial services company focused on the global energy industry, is looking to recruit a Senior Analyst. Their client is an industry leader in their field and offer a challenging, dynamic and stimulating working environment.

As a Senior Analyst you will be a key player in the firm responsible for acquisition and merger activity.

Please read more here.

Former MIT Dean Gabriel Bitran Pleads Guilty to Running a $500 Million Scam - Connected to Madoff's Ponzi Scheme

by Iris Mack, PhD, EMBA on August 16, 2014 0 Comments

 

Former Associate Dean at MIT's Sloan School of Management Pleads Guilty in Hedge Fund Scam

A former Massachusetts Institute of Technology professor and his son have agreed to plead guilty (DOJ) to running a $500 million hedge-fund scam that was uncovered by investigators probing Bernard Madoff’s Ponzi scheme.

Gabriel Bitran, who was a chair professor and associate dean at MIT’s Sloan School of Management (VisualCV), and his son, Marco, told investors that their money management firm GMB Capital Management LLC had a successful real world track record, when in fact they simply assembled back data that would show a spectacular track record.

The men, who raised more than $500 million from 2005 to 2011, meanwhile put money into “funds of funds,” (Blm) which rely on investments by other hedge funds, mostly Bernie Madoff’s firm and Madoff feeder funds, according to prosecutors.

The Bitrans’ funds suffered losses ...

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PhatMath: Free Math Homework Help

by Iris Mack, PhD, EMBA on August 11, 2014 0 Comments

 

 
FREE Online Math Homework Help (K-College)

The Wall Street Journal recently reported that companies struggle to find workers in the U.S. who can do basic math.  America's math illiteracy problem is confirmed by various international math test scores.  Sadly, American students rank below average on these international math tests. 
 

Phat Math shows students how math can be fun and easy to learn! This amazing social network provides free math homework help and more to thousands of students in US and abroad.  We need your help to make that millions of students!

Help make math free, fun, and easy for students in the US and around the world!

Please learn more about the Indiegogo Crowdfunding campaign to raise funds for www.PhatMath.com!

Thanks!

New York Times: Militarization of America's Police

by Iris Mack, PhD, EMBA on August 11, 2014 0 Comments

 

R.I.P. Actor Robin Williams

by Iris Mack, PhD, EMBA on August 11, 2014 0 Comments

 

Robin McLaurin Williams[3][4] (July 21, 1951[5] – August 11, 2014) was an American actor, voice actor, and stand-up comedian. Rising to fame with his role as the alien Mork in the TV series Mork & Mindy (1978-1982), Williams went on to establish a successful career in both stand-up comedy and feature film acting.

 

Mr. Williams' film career included such acclaimed films as 

 

He also appeared in the video to "Don't Worry, Be Happy" by Bobby McFerrinNominated for the Academy Award for Best Actor three times, Williams went on to receive the Academy Award for Best Supporting Actor for his performance in Good Will Hunting (1997). He also ...

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Job Fairs in Texas & Louisiana: Oil, Gas, & Energy

by Iris Mack, PhD, EMBA on August 4, 2014 0 Comments

 

Houston, Texas: Omni Houston Hotel Westside

13210 Katy Freeway 
Houston, TX 77079 
USA 
August 8, 2014 
Please learn more here.

Lafayette. Louisiana: CAJUNDOME Convention Center

444 Cajundome Blvd.
Lafayette, LA 70506 
USA  
August 21, 2014 
Please learn more here.

 

Note: Image courtesy of the USGS.

New Orleans Saints Beat the St. Louis Rams 26-24

by Iris Mack, PhD, EMBA on August 4, 2014 0 Comments

US Sanctions Against Russia Backfire Economically: BRICS BANK, BRICS FOOD BANK

by Iris Mack, PhD, EMBA on August 4, 2014 0 Comments

 

Despite President Obama’s dictating that Russia is increasingly “isolated,” it appears they have found a whole new set of friends to play with in the global trade sandpit.

In retaliation to Western sanctions, Putin yesterday unveiled a total food import ban from all sanctioning nations, and, just as the BRICS created their own ‘IMF-lite’ away from Washington’s prying eyes, Russia plans to substitute banned goods with not just domestic supplies but imports from Latin America, China, and several other nations. Agriculture Minister Nikolai Fedorov said “no food shortages are expected,” but more isolation for the West…

Russia is already turning away trucks at the border and cancelling orders (as FruitNet reports)...

 

Food ban doesn’t apply to Switzerland

Russians won’t feel dramatic changes, incl. in restaurants; “bon appetit” to all, Fedorov says

  • Russia can replace meat importsfrom U.S., EU, Canada, Australia with supplies from Brazil ...

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FrackNation (movie trailer)

by Iris Mack, PhD, EMBA on August 4, 2014 0 Comments

 

 

During a time of globally heightened debate, Journalist Phelim McAleer travels across the U.S. and Europe to speak with scientists and Americans living in fracking areas, in order to uncover the science behind the process and to determine its true consequences.

 

Hydraulic fracturing, or "fracking," refers to the process of drilling down into rock and using pressurized fluids to extract energy sources such as natural gas and petroleum. 

  • Supporters of fracking state the economic benefit to the U.S. is great and that the process has rigorous standards by which it operates.
  • Opponents of fracking voice concerns about contamination to ground water and land surface, as well as other environmental issues.
  • Join McAleer is on the search for the fracking truth.

Energy Jobs....beaucoup!

by Iris Mack, PhD, EMBA on August 4, 2014 0 Comments

 

 

Commercial Energy Advisor: ERCOT  PJM – NY 
(Remote home office)

Best-in-class leadership and resources provides exceptional compensation opportunity.

Client is an Energy Consultant…the Commercial Energy Advisor (CEA) offers personalized energy consulting, electricity/gas procurement, to end users by navigating through the complex energy markets. The CEA develops forecasts and creates strategies that are customized to each of our clients’ needs, leveraging market intelligence and monitoring with world class resources.

We are seeking an overachieving sales consultant with a high energy IQ and remote independence and B2B selling. CEA will be responsible for developing a diverse portfolio of commercial customers across North America, no market jurisdiction, CEA is eligible to sell across competitive markets. Daily responsibilities will include developing contacts, pursuing leads, building a book of mid/large-sized commercial and industrial clients.

Ideal candidates will have extensive sales experience, including an existing background in the energy space, be comfortable procuring and ...

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Companies Hiring in Louisiana

by Iris Mack, PhD, EMBA on August 4, 2014 0 Comments

 

New career opportunities are available in Louisiana - recently named one of the top ten most entrepreneurial states in America by CNN Money

Please see more here.

ValueWalk.com: Another "Iris Mack Warned Larry Summers About Derivatives" Article...

by Iris Mack, PhD, EMBA on August 4, 2014 0 Comments

Summers Debate With Hubbard At Steve Cohen’s House Missed Key Points

by Mark Melin

www.Valuewalk.com

Sure appears as though Larry Summers likes ordering around women and when he is told no he gets aggressively mad.

Larry Summers

Summers’ debate with Hubbard

Summers was the flashpoint of a recent closed door debate with the conservative dean of Columbia University’s business school, Glen Hubbard. The private event, hosted at the Greenwich, CT mansion of well known hedge fund executive Steve Cohen and reported by Fox Business News, covered financial reform, “Obamacare” and taxes – but likely avoided the real issues that matter in Summers’ past.

But on this night Summers wasn’t shy about displaying his personality by doing something rarely done to male Federal Reserve Chairmen. Summers, a stalwart of the big banking elite from the start of derivatives deregulation in 1998, was openly critical of the sitting Fed Chairwoman ...

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Bureau of Labor Statistics: 92,001,000 Americans Not Working (Increased by 11,472,000 since Obama Took Office)

by Iris Mack, PhD, EMBA on July 31, 2014 0 Comments

 

by Ali Meyer

11.4 million Americans age 16 and over have left the workforce since President Obama took office in January 2009, according to data released today from the Bureau of Labor Statistics (BLS).

In July 2014, there were 92,001,000 Americans, 16 and over, who were classified as “not in the labor force,” meaning they not only did not have a job, but they didn’t actively seek one in the last four weeks. 

This number has increased by 11,472,000 since January 2009, when the number of Americans not in the labor force was 80,529,000.

Please read more here.

Satchmo Jazz Fest in New Orleans

by Iris Mack, PhD, EMBA on July 31, 2014 0 Comments

Please learn more here.

R&B...from Asia

by Iris Mack, PhD, EMBA on July 31, 2014 0 Comments
 
This link takes you to a beautiful rendition of "I Care About You"  -  sung by the young men in the photo above.
 
Here's the original version of this song.

Shell Oil: Trader Development Program

by Iris Mack, PhD, EMBA on July 31, 2014 0 Comments

 

  • The Trader Development Program plays a key role in building trading talent within Shell Trading in the United States
  • The program offers an exciting opportunity for commercially oriented professionals to develop the skills and relevant experience to build a trading career within Shell
  • Participants will develop a solid understanding of the key systems associated with the life of a deal - Demurrage/Claims, Contracts, Credit, Risk Control, Scheduling, and Trading Analysis

Please learn more here and here.

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.