Sunday, March 01, 2009
Erm... Been hanging ard Jurong Point lately... my new found playground haha....
Was there for the last off day... bought quite a few items...
My working bag which I simply adore =D still loving it after 2 wks..
My New shoes.. which i find a bit aunty looking but bf say it looks good 0.0
A white watch cost ten bucks only 0.0
=D
And caught a big Asian Minnie... cos she has white skin like us lol...
Before that tasted mango Matcha at COffeebean with CHocolate truffle... bf like chocolate stuff.. maybe previous life he was a chocolate bar =D
And we ate at the same Jap place... with all the teppanyaki chicken and pacific dory fillet.. oooohh.. oily... =/
Garlic rice...
Mushrooms with french toast
salad...
Today I watched a very cool show with bf.. SLumdog Millionaire...
Jamal 0.0 Lakitha.. haha a love story admist the unique story line..
and afterwards... we somehow caught a big blue stitch which my mum kinda liked and she placed it on her bed LOL...
we had dinner at this Ramen place...
His Sliced pork spicy tonkatsu ramen....
My Crab meat omelette... and some boiled egg
trying not to eat so much growing sideways -_-
Oh wished my offday could be longer...
Thanks bf for accompanying me out X__X
Some micellaneous food pictures from Delifrance during my off day...
nice starters.. free wholemeal bread... mushroom soup
Breaded prawn with pasta...
Chocolate desert
And wat a big rainbow...
nice...
Was there for the last off day... bought quite a few items...
My working bag which I simply adore =D still loving it after 2 wks..
My New shoes.. which i find a bit aunty looking but bf say it looks good 0.0
A white watch cost ten bucks only 0.0
=D
And caught a big Asian Minnie... cos she has white skin like us lol...
Before that tasted mango Matcha at COffeebean with CHocolate truffle... bf like chocolate stuff.. maybe previous life he was a chocolate bar =D
And we ate at the same Jap place... with all the teppanyaki chicken and pacific dory fillet.. oooohh.. oily... =/
Garlic rice...
Mushrooms with french toast
salad...
Today I watched a very cool show with bf.. SLumdog Millionaire...
Jamal 0.0 Lakitha.. haha a love story admist the unique story line..
and afterwards... we somehow caught a big blue stitch which my mum kinda liked and she placed it on her bed LOL...
we had dinner at this Ramen place...
His Sliced pork spicy tonkatsu ramen....
My Crab meat omelette... and some boiled egg
trying not to eat so much growing sideways -_-
Oh wished my offday could be longer...
Thanks bf for accompanying me out X__X
Some micellaneous food pictures from Delifrance during my off day...
nice starters.. free wholemeal bread... mushroom soup
Breaded prawn with pasta...
Chocolate desert
And wat a big rainbow...
nice...
10:11 PM
February 26, 1995, Barings, the oldest bank in Britain, announced it was seeking bankruptcy protection after losing nearly one billion dollars in a stock gamble. At the time Barings went under, the bank held assets for Queen Elizabeth, some $100 million according to Time magazine.
In late 1994, the chief trader at Baring's Singapore office began betting big on Japan's Nikkei market. Then disaster struck. An earthquake hit Kobe, Japan, and on January 23, 1995, the Nikkei plunged more than 1000 points.
Barings Bank lost big money. But instead of cutting his losses, Baring's Singapore trader doubled his investment, apparently hoping that the Nikkei would rebound. It didn't. As the Nikkei continued to plummet, Baring's London office put up nearly $900 million to support its failing position on the Singapore investments. Finally, they ran out of capital and declared bankruptcy.
How could one 28 year old trader in Singapore lose nearly a billion dollars and ruin a 233-year old British bank? According to Time, the problem was lack of supervision.
London allowed the [Singapore Trader] to take control of both the trading desk adn the backroom settlement operation in Singapore. It is a mix that can be - and in this case was - toxic...For a trader to keep his own books is like a schoolboy getting to grade his own tests; the temptation to cheat can be overwhelming, particularly if the stakes are high enough.
Without accountability, temptation becomes all the more tempting. Accountability protects us from ourselves.
In late 1994, the chief trader at Baring's Singapore office began betting big on Japan's Nikkei market. Then disaster struck. An earthquake hit Kobe, Japan, and on January 23, 1995, the Nikkei plunged more than 1000 points.
Barings Bank lost big money. But instead of cutting his losses, Baring's Singapore trader doubled his investment, apparently hoping that the Nikkei would rebound. It didn't. As the Nikkei continued to plummet, Baring's London office put up nearly $900 million to support its failing position on the Singapore investments. Finally, they ran out of capital and declared bankruptcy.
How could one 28 year old trader in Singapore lose nearly a billion dollars and ruin a 233-year old British bank? According to Time, the problem was lack of supervision.
London allowed the [Singapore Trader] to take control of both the trading desk adn the backroom settlement operation in Singapore. It is a mix that can be - and in this case was - toxic...For a trader to keep his own books is like a schoolboy getting to grade his own tests; the temptation to cheat can be overwhelming, particularly if the stakes are high enough.
Without accountability, temptation becomes all the more tempting. Accountability protects us from ourselves.
9:36 AM
