Mary\u27s Lamb

A poem

I\u27m (Alas!) A Salami

Many additional palindromes can be found on my website http://www.palindromania.com

Connexions: Create Globally, Educate Locally

4th International Conference on Open RepositoriesThis presentation was part of the session : Conference PostersFounded in 1999, Connexions (http://cnx.org/) was built upon the philosophy that high-quality, open-licensed scholarly materials can revolutionize the way we think about education. Built upon a core of open software and driven by innovators in the open education movement, Connexions has made it possible for authors worldwide to publish content that teachers and learners can rip, mix, and burn to develop customized learning solutions at no cost. Authors create learning objects, called modules, that can be assembled into online courses, printed textbooks, or academic journals. All content in the Connexions repository is licensed under the Creative Commons Attribution license, giving educators the tools and materials necessary to create unique works tailored to the needs of their students and colleagues. As the Connexions content repository continues to grow, traditional educational consumers will find themselves in a position to become producers, taking full advantage of the knowledge available in a global, digital society.Rice University; Hewlett Foundatio

The current P/E ratio: higher than you think

Stock market ; Stock - Prices

Recent developments in wholesale payments systems

Wholesale payments and settlement systems in G-10 countries have undergone significant change in recent years. Notably, central banks have sought to increase the safety and reliability of these systems. In this article, William R. Emmons describes two approaches that have been pursued. Significant progress has been achieved in strengthening (or "securing") many existing payments system arrangements based on net settlement. In addition, many new gross settlement systems have been created, and existing ones have been improved. The article also explores why private-sector financial institutions often prefer to upgrade and secure existing net settlement systems, despite central bank preferences for the latter.Payment systems ; Electronic funds transfers ; Fedwire ; Risk

Interbank netting agreement and the distribution of bank default risk

Central banks and private banks alike have advocated greater use of interbank netting agreements in recent years in order to reduce potential for transmitting economic shocks through interbank markets. This paper provides a model of an interbank payment market and shows that one sideeffect of greater netting of interbank claims is a redistribution of bank default risk away from interbank claimants toward non-bank creditors of banks, including the deposit insurer. Interbank netting agreements thus involve a trade-off between reduced interbank credit-risk exposure and increased concentration of bank default risk on other sets of bank creditors.Deposit insurance

Inflation, exchange rates, and oil prices

Exports

What’s behind the falling U.S. private savings rate?

Saving and investment