Monday, October 18, 2010

"Love at First Bite" My Favorite Restaurant

When I imagine about the salient cheesecake, the first place in my memory must be "Love at First Bite" bakery and restaurant in Chiang Mai, the northern city of Thailand. You may not believe that the wonderful garden near the centre of the city is the well-known restaurant. When you first bite cake in your mouth, you have to scream out loud “how delicious it is!” Promise me! I do not have the commission or special relationship with the owners. Every time I ate any kinds of cakes, pies, or cookies, I always feel the best taste with the finest ingredients over the world. The good quality cuisine is the first priority of the owner’s concern. Therefore, when you savor the baked goods, you will experience the fresh part selection. Also, the apple pie, banana cream pie, coconut cream pie, quiches, and cookies are the admired orders that you should not miss. 
Only one matter that you may distress is the products sell out really hasty, thus you have to come early to choose your favorite home-made flavor. Another problem is that you have to go to Chiang Mai, the only one place, as there is no any branch to serve more clientele’s demand. This is indeed home-made unique style and secret recipe. Plus, the price of high quality taste is truly reasonable, and the decoration looks modern and trendy. Whenever you come to this restaurant, you will not disappoint by the five-star bakery. I guarantee!

Monday, October 4, 2010

"Yield" in Field of Finance - Definitions and meanings vary by field of study

Yield:
¨Finance: To produce, as payment or interest on what is expended or invested; to pay; as, money at interest yields six or seven per cent
¨Politics: To give in return for labor expended
¨Argriculture: To produce fruit, vegetables, or other foods
                      Amount yielded; product; -- applied especially to products resulting from growth or cultivation
¨Economics: To produce something useful such as information or evidence.

Monday, September 27, 2010

Two Articles Related to Developments in Halal 2009

Article 1
Hester, R.E., & Harrison, R.M. (2002). Global environmental change. Environmental Science and Technology, 17, 123-129.
 
This article describes about "Recently Estimated Effects for Climate Scenarios from Higher Resolution GCMs with New Socio-economic Projections". It is relevant to Halal's article by presenting the problems associated with global warming from population growth, technological advances, economic and political structure.
 
Article 2
Betz, Frederick (2003). Managing Technological Innovation - Competitive Advantage from Change (2nd Edition). New Jersey, NJ: John Wiley & Sons, Inc.
 
This article shows sequences of technological progress driven primarily by materials and energy technologies, science and technologies of information, and molecular biology. It describes how technology affects the kinds of wealth in the natural economy including humanity, and foreseeable future.

Wednesday, September 22, 2010

Summary Talk of "Martin Rees asks: Is this our final century?"

Science in this era has revolutionized the world as well as character and genes of human beings. Also, the human nowadays creates environmental problems. The effective tools: bio- and cybertechnologies have pros and cons to heal or destroy the global environment depending on the purpose of usage. Likewise, the rising human population has accelerated the global transformation. For example, telecommunication has directly impacted on the planet space by setting the radio waves transmissions. To protect humane, global, and future is to properly apply the novel science and old knowledge to reflect the productive outcome for our Earth and far beyond.

Wednesday, September 8, 2010

My Lecture Note in Basic Econometrics

Topic: Returns; Volatility; The Nature of Regression Analysis

1. Investment returns
    (i) Expected returns from portfolio
    (ii) Two geometric average method for calculation
         (a) Product and root
         (b) Anti-log (average)
2. Investment risk
    (i) Volatility: Two techniques to determining
         (a) Historical volatility - past price change (backward looking)
         (b) Implied volatility - current option prices (forward looking)
    (ii) Geometric average method for calculation
         - Standard deviation
    (iii) Two ways to deal with changing (or stochastic) volatility
          (a) Use less historic daily data (one month)
          (b) Model the changing volatility
3. Important characteristics of data
    (i) Trends
         (a) Linear relationship
         (b) Non-linear relationship
    (ii) Propensity to deviate from those trends
         - Variance in the residuals
    (iii) "Hidden" relationship which improve predictability
          (a) Interactions
          (b) Autocorrelation
4. The Population Regression Function (PRF)
     (i) Equation: E(Y) = Beta1 + (Beta2 * X)
     (ii) Parameters
          (a) Intercept, Beta1
          (b) Slope, Beta2

Wednesday, September 1, 2010

A Difficult Issue in Finance Field

GW Master of Science in Finance (MSF) is distinctive and unique program for students and professionals who interest in financial engineering and master’s in finance. Financial engineering combines intense understanding of applied mathematics and investment models to create new financial instruments in capital markets. A Master of Finance focuses on financial analysis, investment management, and corporate finance that conceptualize in terms of corporate financial management. The program integrates both of the areas in the innovative and rigorous curriculum, and also provides resourceful research and modeling as well as state-of-the-art computer software to practically apply in the real world setting.

Presently, tons of finance and security companies initiate to recover from the chronic economic crisis, so the corporations need specialized individuals to remedy for challenging problems. The global finance markets always develop modern financial products that have pros and cons for public and private sectors. The advantage of new development is to maximize wealth to the organizations. On the other hand, the innovative instruments provide complicated features to business owners and government agencies. Therefore, both public and private sectors need people possessing insight into financial theory and the ability to apply complex financial instruments and techniques to real life situations. Finance specialists have to continually refresh their finance knowledge to reflect the optimal outcomes of modern changes.

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