IMackGroup

Math + Quant Finance

Contact us ←

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

My Social Profile

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 ...

read more

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.

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 ...
read more

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 ...

read more

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 ...

read more

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

Older Posts Page 2 of 37. Newer Posts

Post categories

No blog categories

Post archives

No blog archives