Comics by Toothpaste for dinner.
Another consumer guide to NY real estate: urbandigs
In 1999, Ryan McGinley, then a graphic design major at
Parsons School of Visual Arts in New York, sent his
50-page home-cooked book of urban idyllic photographs
The Kids Are Alright, which he had produced on
his desktop computer, to 100 magazine editors and artists
From NYT, The Virus Underground, Clive Thompson, 2004 Feb 08.
At the time, fashion photography was ending its infatuation
with gritty photography. Decaying beauty, as found in
moody images of slouchy, stoned, skinny girls by artists
such as David Sims, Glen Luchford, Mario Sorrenti and
Corinne Day, were being wiped off magazine pages in
favor of buoyant stylized shots of pretty Brazilian girls
with party-ready bodies and supernaturally white teeth.
Many photos look very after in the Muriel's Wedding sense.
Not confused with Ryan McGinness.
After a long and lonely struggle for cool-kid status,
the meatpacking district is finally attracting modish artists:
The poppy painter Ryan McGinness has bought a
one-bedroom condo at 350 West 14th Street for $814,000.
Get your Gummo on !
Five generations of VW Rabbit, Golf, Golf, Golf and Rabbit.
Ten inches longer, 1000 pounds heavier, and twice as powerful.
Train riders were more educated and better paid.
More than 60 percent of rail commuters had college
degrees compared with about 40 percent of drivers
and subway riders.
The Globe.com movie trailer, with great soundtrack.
See also Startup.com.
therealestate.observer by the New York Observer
tracks New York real estate's luxury and upscale
Business attire by English Cut.
$400 off-the-rack suit. In short — disregard the brand and
look for the best-fitting single-breasted (2 or 3 button)
gray or blue wool suit that you can find. Pants can go either
plain front or pleated. For more details about lapel and
sleeve buttonholes and pockets...
[ Via bankersball ]
We must talk about good stuff to get elected.
Here is he good stuff we will do.
Now, when you preface your policy proposals by indicating that said
proposals are intended to win elections and unite your party, you have
already pretty much ended any chance that people will think you
making said proposals because you believe in those proposals.
This is because, well, you just said that the purpose of these
proposals was to win elections. Americans love it when politicians
admit in public that their legislative proposals are designed to win
Meme democratic leadership.
TBMA = The Bond Market Association.
The Bond Market Association's Mortgage Prepayment Projection Tables
provide "street consensus" long-term prepayment projections, based
upon a survey of Association members, for TBA securities that are
traded widely in the MBS market.
Where does the association get its data?
Twice each month, participating Association members firms submit
long-term prepayment projections for the securities in the table.
Each contributing dealer submits projections based upon the yield
curve at close of business on the day prior to the submission date.
What data is included?
The Mortgage Prepayment Projection Tables contain long-term
projections for the most widely traded coupon and issues year
cohorts in the following sectors:
* Conventional (Fannie Mae and Freddie Mac 30-Year)
* Ginnie Mae I 30-Year
* Conventional 15-Year
* Ginnie Mae II 30-Year
The sectors, as well as the coupons and issue years included for
each sector, are reviewed every three months by the Association's
MBS Research, Strategy and Analysis Committee in order to stay
current with what securities are widely traded in the secondary
For each cohort, the tables include base case consensus
projections as well as consensus projections assuming immediate
and sustained parallel shifts in the yield curve of -300, -200,
-100, -50, 50, 100, 200 and 300 basis points. They also provide
the highest and lowest individual dealer base case projections
for each cohort and a listing of contributing dealers for each sector.
The Association's tables include long-term PSA and CPR consensus
projections calculated using both a median and a simple average.
How are mortgage prepayment projections used?
As opposed to other types of bonds where the investor receives
interest over the life of the bond and is repaid the principal (or
"face value") upon maturity, investors in mortgage-backed securities
(MBS) receive payments of both interest and principal throughout
the life of the security as the underlying mortgage loans are paid off.
These payments can vary widely because of the timing and speed
with which people pay off their mortgages. For example, when
mortgage rates are low homeowners often pay off and refinance
their mortgages in order to secure a lower interest rate and
decrease their monthly payments.
Projecting prepayments, therefore, is a vital step in MBS analytics.
Prepayment projections reflect what analysts anticipate mortgage
prepayment rates will be based on complex modeling procedures.
The Bond Market Association's Mortgage Prepayment Projection
tables provide "street consensus" long-term prepayment rate
projections that are based on an aggregate of the projections
produced by Wall Street's top prepayment models.
TBMA on MBS/ABS/CDO .
Hedging beyond duration and convexity.
By considering a representation using a Fourier-like harmonic,
empirical evidence that such a series provides our hedging
strategy on a mortgage-backed security (MBS) with the first
four principal components of yield curve.
Simulation Conference, 2002.
Proceedings of the Winter, 2002 - informs cs
J Chen, M Fu's nifty PDF.
Long Island City has two Long Island Railroad stations.
Manhattan --- LIC --- Hunter's Point --- Jamaica ---
StaphHangers weigh in.
At another smaller project, the Abbey, a former parish
building on East 16th Street being converted to condominiums,
most of the apartments sold for the asking price, or close
to it. But according to property records, one apartment,
a duplex on the top two floors, sold at a discount of
$500,000, or about 27 percent below the asking
price. Eight of 31 apartments are still listed as available.
The developer, Herbert Hirsch, said that he became
convinced that a sloping triangular roof limited the
use of some of the top floor of the duplex, so he
reduced the price to account for this. He said buyers
were out there looking but were worried by press
accounts about the market and were postponing purchases.
Not a declining market, no Sir.
[ Via NY Real Estate ]
Strong demand for larger apartments with higher ceilings,
open views and well-designed kitchens and bathrooms
— the type of apartments that have not been built in
large numbers in a generation.