Math + Quant Finance

Contact us ←

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

My Social Profile

BBVA Research: China is World's Most Powerful Nation

by Iris Mack, PhD, EMBA on April 6, 2014 0 Comments

... and the Asian Tiger continues to roar!

Please read more here.


China shows the highest value not only among emerging economies but also when considering all the sample, inverting with the US the rank order given by the exports’ share in nominal terms.


China holds the largest share among emerging markets in the sample for 9 out of 18 industries, including all manufacturing groups except food (surpassed by Brazil). The largest industry share corresponds to textiles and leather (above 30%).


Russia and especially Saudi Arabia are well ahead in the ranking due to their key role in the oil market for which they show a high degree of product concentration.


India and Mexico have a similar share of world exports, although the market power index is significantly higher for the former on dominant positions in ‘other manufactures’ and business services.

Bloomberg: Former Dutch Bank CEO & Family Found Dead

by Iris Mack, PhD, EMBA on April 6, 2014 0 Comments

Former ABN Amro Group NV Netherlands Chief Executive Officer Jan Peter Schmittmann, his wife and a daughter were found dead at their home yesterday after a possible “family tragedy,” Dutch police said.

“The bodies of a father and mother and their daughter were found at the property” in the town of Laren, 32 kilometers (20 miles) southeast of Amsterdam, Dutch police said in a statement on theirwebsite. Leonie Bosselaar, a police spokeswoman, said in a telephone call with Bloomberg News that the deceased were Schmittmann, 57, and two family members.

Please read more here.

Shell Oil: Finance Management Information Analyst

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

A Day in the life of a Shell Canada Finance Management Information Analyst:
* Provide meaningful financial information for operational staff through BW and Spotfire reporting tools. Meet with clients to understand what data gaps exist and provide meaningful fit-for-purpose reporting. Provide clients with Management Information best practices in report standardization, automation and distribution. Manage and prioritize outstanding reporting requirements with other Management Information resources.
* Provide centralized support for SAP hierarchy and cost center updates, while ensuring Heavy Oil SAP master reference data (Master Reference Data) policies and best practices are being followed. Work with support groups to deliver accurate and timely setups while influencing Upstream Americas Master Reference Data controls to optimize the Master Reference Data process for Oil Sands. Understand and communicate Master Reference Data impacts to stakeholders (Joint Venture, Royalty, Budget/planning, Activity Based Costing system).
* Identify, target, and deliver optimization initiatives through linkage to Finance Optimization Team ...

read more

Billions of Dollars Vanish Into Thin Air at U.S. State Department

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


The U.S. State Department has no idea what happened to $6 billion used to pay its contractors.

In a special “management alert” made public Thursday, the State Department’s Inspector General Steve Linick warned “significant financial risk and a lack of internal control at the department has led to billions of unaccounted dollars over the last six years.

Please read more here.

United Nations Report: U.S. Criminalizes Homelessness

by Iris Mack, PhD, EMBA on April 1, 2014 0 Comments


The U.N. Human Rights Committee in Geneva on Thursday condemned the United States for criminalizing homelessness, calling it "cruel, inhuman and degrading treatment" that violates international human rights treaty obligations. It also called upon the U.S. government to take corrective action, following a two-day review of U.S. government compliance with a human rights treaty ratified in 1992.

"I'm just simply baffled by the idea that people can be without shelter in a country, and then be treated as criminals for being without shelter," said Sir Nigel Rodley, chairman of the committee in closing statements on the U.S. review. "The idea of criminalizing people who don't have shelter is something that I think many of my colleagues might find as difficult as I do to even begin to comprehend."

The Committee called on the U.S. to abolish criminalization of homelessness laws and policies at ...

read more

Shell: Gas Trading Jobs in San Diego, California

by Iris Mack, PhD, EMBA on April 1, 2014 0 Comments


  • Physical Cash Gas Trading in the western United States from dailies to prompt year
  • Produce profitable trading results meeting or exceeding the annual goal for the team
  • Increase trading results through coordination with gas and power operations, origination, transportation, transmission and term and gas power
  • Please read more here.

How To Hide Your House From Google Maps

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

Please read more here.

Trombonist Christopher Bill: Pharrell's "Happy"

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

Christopher Bill, a classically trained trombone player currently studying at the SUNY Purchase Conservatory of Music in New York City, plays a trombone loop version of Pharrell Williams' "Happy". 

Enough Already!

by Iris Mack, PhD, EMBA on March 29, 2014 0 Comments

I sent the video below to my siblings and a few friends. One of my younger brothers emailed the following comment. 

Thanks for the video. I reckon that this is how Ronald [our oldest brother] felt by the time mom had 5 girls in a row. ... ! ha ! ha ! See his reaction in the photo above!

Vietnam Sentences Bankers to Death in Fraud Trials

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


Vu Viet Hung, former director of the Central Highlands branch of Vietnam Development Bank, receives a death sentence for lending nearly a hundred million dollars to fake business contacts. Photo courtesy of Tuoi Tre

A court in the Central Highlands on Thursday gave the death sentence to a Vietnam Development Bank (VDB) executive and several life sentences to others involved in a hundred-million-dollar scam.
The defendants had taken advantage of credit privileges given to exporters to fake documents and borrow more than VND2 trillion (US$94.88 million) from VBD’s Central Highlands branch for Dak Nong and the neighboring Dak Lak Province, as well as Nam A bank at its Hanoi branch, and the Ho Chi Minh City-based Orient Commercial Bank.
Vu Viet Hung, 57-year-old former director of the VDB branch, was punished on three charges - a death sentence for taking bribes in the form of a BMW car ...
read more

Jamaicans Thinking Outside the Box

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

ONLY IN JAMAICA would you find such ingenuity! 
Waiting in Line at the Tax Department in Jamaica.

Oil-Rich N. Dakota Records Highest Income Growth in the U.S.

by Iris Mack, PhD, EMBA on March 25, 2014 0 Comments


North Dakota has recorded the highest personal income growth among all states for the sixth time in the last seven years.

Statistics released Tuesday by the U.S. Bureau of Economic Analysis indicated that the state's personal income grew 7.6 percent in 2013. Utah ranked behind North Dakota with a 4 percent growth.

Please read more here and here.

Tina Turner & Mick Jagger in Concert

by Iris Mack, PhD, EMBA on March 25, 2014 0 Comments

Trading Report: 97 Taxes Americans Pay Every Year

by Iris Mack, PhD, EMBA on March 25, 2014 0 Comments


#1 Air Transportation Taxes (just look at how much you were charged the last time you flew)

#2 Biodiesel Fuel Taxes

#3 Building Permit Taxes

#4 Business Registration Fees

#5 Capital Gains Taxes

#6 Cigarette Taxes

#7 Court Fines (indirect taxes)

#8 Disposal Fees

#9 Dog License Taxes

#10 Drivers License Fees (another form of taxation)

#11 Employer Health Insurance Mandate Tax

#12 Employer Medicare Taxes

#13 Employer Social Security Taxes

#14 Environmental Fees

#15 Estate Taxes

#16 Excise Taxes On Comprehensive Health Insurance Plans

#17 Federal Corporate Taxes

#18 Federal Income Taxes

#19 Federal Unemployment Taxes

#20 Fishing License Taxes

#21 Flush Taxes (yes, this actually exists in some areas)

#22 Food And Beverage License Fees

#23 Franchise Business Taxes

#24 Garbage Taxes

#25 Gasoline Taxes

#26 Gift Taxes

#27 Gun Ownership Permits

#28 Hazardous Material Disposal Fees

#29 Highway Access Fees

#30 Hotel Taxes (these are becoming quite ...

read more

Financial Times: US Loses Edge as Employment Powerhouse

by Iris Mack, PhD, EMBA on March 24, 2014 0 Comments

The labour force participation rate – the proportion of adults who are either working or looking for work – started to decline in the US in 2000 and has plunged since 2008 from 66 to 63 per cent. The equivalent of 7.4m people are no longer part of the labour force.

Please read more in the Financial Times.

George Michael's New Album: SYMPHONICA

by Iris Mack, PhD, EMBA on March 23, 2014 0 Comments

Italian Nun Rocks it On "The Voice" Singing Competition

by Iris Mack, PhD, EMBA on March 22, 2014 0 Comments

Sister Act 3? LOL!

Please read more here.

"America's Energy Boom" (video)

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

Older Posts Page 2 of 46. Newer Posts

Post categories

No blog categories

Post archives

No blog archives