Lets talk about this movie.
Rain Man is a 1988 dramatic film written by Barry Morrow and Ronald Bass and directed by Barry Levinson. It tells the story of an abrasive, selfish yuppie, Charlie Babbitt, who discovers that his father has left all of his multimillion-dollar estate to his brother, Raymond, of whose existence he knew nothing and who is an autistic savant.
lunes, 10 de noviembre de 2008
lunes, 3 de noviembre de 2008
Doubts grow over Mexican debt repayments
Published by Vanzetti Navarro
Yields on bonds issued by many of Mexico’s leading companies have risen sharply in the past few weeks, signalling growing doubts about the ability of some to repay debts amid current market turmoil.
In the case of Cemex, the Monterrey-based buildings materials supplier and the world’s third-largest cement manufacturer, the yield on $62m of its dollar bonds maturing in October 2009 reached 41.2 per cent on Friday, a rise of almost 37 percentage points in the past month.
Telmex, the telecoms company belonging to Carlos Slim, one of the world’s richest men, has seen the yield on its 2010 bonds jump more than 7 percentage points to 11.8 per cent.
The sharp rise in yields has added a new layer of complexity to companies’ attempts to deal with the crisis because it raises the cost of issuing new debt to prohibitive levels, and therefore of meeting forthcoming debt repayments, at a time when liquidity has become a serious problem.
Last week, the situation became so acute that the centre-right administration of President Felipe Calderón was forced to announce two programmes worth a combined 90bn pesos ($6.7bn) to help re-establish liquidity in the commercial paper market.
Although the main reason for the pronounced increase in yields has to do with the global crisis and investors’ flight to safety, new concerns have developed about Mexico’s corporate sector.
The first has to do with a steep depreciation in the peso, which on Friday closed at 13.6 to the dollar, slightly higher on the day, but it was just over 10 to the dollar in August. The currency’s fall has sparked concern about groups’ exposure to dollar-denominated debt and their ability to meet obligations.
The second is that there is a growing realisation that the problems in the US will hit the Mexican economy harder than most economists had thought only a few weeks ago.
Lastly, there are worries about companies’ exposure to dollar-denominated derivatives, which have already inflicted huge mark-to-market corporate losses. Agustín Carstens, Mexico’s finance minister, admitted to the Financial Times last week that total derivatives losses were “probably in the order of $15bn”.
The move this month by Comercial Mexicana, the country’s third-largest retailer, to seek Chapter 11 protection after failing to meet one derivatives-related debt payment shocked Mexico’s business class. It also sparked fears that more cases could be waiting to happen.
As Damian Fraser, UBS Pactual’s Mexico City-based director of Latin American research, puts it: “Comercial Mexicana was Mexico’s Lehman Brothers.”
Well I know we aren't economists but I think we should consider to give an opinion about how does the world financial crisis will afect Mexican Economy (or even your own economy)
By the way this article has been taken from the Financial Times
Yields on bonds issued by many of Mexico’s leading companies have risen sharply in the past few weeks, signalling growing doubts about the ability of some to repay debts amid current market turmoil.
In the case of Cemex, the Monterrey-based buildings materials supplier and the world’s third-largest cement manufacturer, the yield on $62m of its dollar bonds maturing in October 2009 reached 41.2 per cent on Friday, a rise of almost 37 percentage points in the past month.
Telmex, the telecoms company belonging to Carlos Slim, one of the world’s richest men, has seen the yield on its 2010 bonds jump more than 7 percentage points to 11.8 per cent.
The sharp rise in yields has added a new layer of complexity to companies’ attempts to deal with the crisis because it raises the cost of issuing new debt to prohibitive levels, and therefore of meeting forthcoming debt repayments, at a time when liquidity has become a serious problem.
Last week, the situation became so acute that the centre-right administration of President Felipe Calderón was forced to announce two programmes worth a combined 90bn pesos ($6.7bn) to help re-establish liquidity in the commercial paper market.
Although the main reason for the pronounced increase in yields has to do with the global crisis and investors’ flight to safety, new concerns have developed about Mexico’s corporate sector.
The first has to do with a steep depreciation in the peso, which on Friday closed at 13.6 to the dollar, slightly higher on the day, but it was just over 10 to the dollar in August. The currency’s fall has sparked concern about groups’ exposure to dollar-denominated debt and their ability to meet obligations.
The second is that there is a growing realisation that the problems in the US will hit the Mexican economy harder than most economists had thought only a few weeks ago.
Lastly, there are worries about companies’ exposure to dollar-denominated derivatives, which have already inflicted huge mark-to-market corporate losses. Agustín Carstens, Mexico’s finance minister, admitted to the Financial Times last week that total derivatives losses were “probably in the order of $15bn”.
The move this month by Comercial Mexicana, the country’s third-largest retailer, to seek Chapter 11 protection after failing to meet one derivatives-related debt payment shocked Mexico’s business class. It also sparked fears that more cases could be waiting to happen.
As Damian Fraser, UBS Pactual’s Mexico City-based director of Latin American research, puts it: “Comercial Mexicana was Mexico’s Lehman Brothers.”
Well I know we aren't economists but I think we should consider to give an opinion about how does the world financial crisis will afect Mexican Economy (or even your own economy)
By the way this article has been taken from the Financial Times
lunes, 27 de octubre de 2008
Oddities and paranormal facts
Hi i foun this video and i would like to share it with you, see it and tell us what do you think about this and other strange anecdotes.
http://www.youtube.com/watch?v=M_NLGcwgNdw
Please copy the direction on your window because i don't know how to put the link in automatic
Vega Espinosa Carlos Josafat
http://www.youtube.com/watch?v=M_NLGcwgNdw
Please copy the direction on your window because i don't know how to put the link in automatic
Vega Espinosa Carlos Josafat
lunes, 13 de octubre de 2008
Tha day of the dead and Halloween
The Day of the Dead is a holiday celebrated mainly in Mexico and by people of Mexican heritage (and others) living in the United States and Canada. The holiday focuses on gatherings of family and friends to pray for and remember friends and relatives who have died. The celebration occurs on the 1st and 2nd of November, in connection with the Catholic holy days of All Saints' Day and All Souls' Day which take place on those days. Traditions include building private altars honoring the deceased, using sugar skulls, marigolds, and the favorite foods and beverages of the departed, and visiting graves with these as gifts.
In most regions of Mexico, November 1st honors deceased children and infants where as deceased adults are honored on November 2nd.
Many people believe that during the Day of the Dead, it is easier for the souls of the departed to visit the living. People will go to cemeteries to communicate with the souls of the departed, and will build private altars, containing the favorite foods and beverages, and photos and memorabilia, of the departed. The intent is to encourage visits by the souls, so that the souls will hear the prayers and the comments of the living directed to them. Celebrations can take a humorous tone, as celebrants remember funny events and anecdotes about the departed
Some families build altars or small shrines in their homes. These altars usually have the Christian cross, statues or pictures of the Blessed Virgin Mary, pictures of deceased relatives and other persons, and scores of candles. Traditionally, families spend some time around the altar praying and telling anecdotes about the deceased
Those with writing talent sometimes create short poems, called "calaveras" ("skulls"), mocking epitaphs of friends, sometimes describing interesting habits and attitudes or some funny anecdotes.
A common symbol of the holiday is the skull (colloquially called calavera), which celebrants represent in masks, called calacas (colloquial term for "skeleton"), and foods such as sugar skulls, which are inscribed with the name of the recipient on the forehead. Sugar skulls are gifts that can be given to both the living and the dead. Other holiday foods include pan de muerto, a sweet egg bread made in various shapes, from plain rounds to skulls and rabbits often decorated with white frosting to look like twisted bones.
HALLOWEEN
Halloween has its origins in the ancient Celtic festival known as Samhain The festival of Samhain is a celebration of the end of the harvest season in Gaelic culture, and is sometimes regarded as the "Celtic New Year".Traditionally, the festival was a time used by the ancient pagans to take stock of supplies and slaughter livestock for winter stores. The ancient Gaels believed that on October 31, now known as Halloween, the boundary between the alive and the deceased dissolved, and the dead become dangerous for the living by causing problems such as sickness or damaged crops. The festivals would frequently involve bonfires, into which bones of slaughtered livestock were thrown. Costumes and masks were also worn at the festivals in an attempt to mimic the evil spirits or placate them.
Halloween is a holiday celebrated on the night of October 31. Halloween activities include trick-or-treating, ghost tours, bonfires, costume parties, visiting "haunted houses", carving Jack-o'-lanterns, reading scary stories and watching horror movies
Halloween costumes are traditionally those of monsters such as ghosts, skeletons, witches, and devils. Costumes are also based on themes other than traditional horror, such as those of characters from television shows, movies and other pop culture icons
Zúñiga Chávez Ana Jessica
In most regions of Mexico, November 1st honors deceased children and infants where as deceased adults are honored on November 2nd.
Many people believe that during the Day of the Dead, it is easier for the souls of the departed to visit the living. People will go to cemeteries to communicate with the souls of the departed, and will build private altars, containing the favorite foods and beverages, and photos and memorabilia, of the departed. The intent is to encourage visits by the souls, so that the souls will hear the prayers and the comments of the living directed to them. Celebrations can take a humorous tone, as celebrants remember funny events and anecdotes about the departed
Some families build altars or small shrines in their homes. These altars usually have the Christian cross, statues or pictures of the Blessed Virgin Mary, pictures of deceased relatives and other persons, and scores of candles. Traditionally, families spend some time around the altar praying and telling anecdotes about the deceased
Those with writing talent sometimes create short poems, called "calaveras" ("skulls"), mocking epitaphs of friends, sometimes describing interesting habits and attitudes or some funny anecdotes.
A common symbol of the holiday is the skull (colloquially called calavera), which celebrants represent in masks, called calacas (colloquial term for "skeleton"), and foods such as sugar skulls, which are inscribed with the name of the recipient on the forehead. Sugar skulls are gifts that can be given to both the living and the dead. Other holiday foods include pan de muerto, a sweet egg bread made in various shapes, from plain rounds to skulls and rabbits often decorated with white frosting to look like twisted bones.
HALLOWEEN
Halloween has its origins in the ancient Celtic festival known as Samhain The festival of Samhain is a celebration of the end of the harvest season in Gaelic culture, and is sometimes regarded as the "Celtic New Year".Traditionally, the festival was a time used by the ancient pagans to take stock of supplies and slaughter livestock for winter stores. The ancient Gaels believed that on October 31, now known as Halloween, the boundary between the alive and the deceased dissolved, and the dead become dangerous for the living by causing problems such as sickness or damaged crops. The festivals would frequently involve bonfires, into which bones of slaughtered livestock were thrown. Costumes and masks were also worn at the festivals in an attempt to mimic the evil spirits or placate them.
Halloween is a holiday celebrated on the night of October 31. Halloween activities include trick-or-treating, ghost tours, bonfires, costume parties, visiting "haunted houses", carving Jack-o'-lanterns, reading scary stories and watching horror movies
Halloween costumes are traditionally those of monsters such as ghosts, skeletons, witches, and devils. Costumes are also based on themes other than traditional horror, such as those of characters from television shows, movies and other pop culture icons
Zúñiga Chávez Ana Jessica
sábado, 27 de septiembre de 2008
The big bang theroy
Upload by Jaime Córdoba Breña
The Big Bang
The Big Bang is the cosmological model of the universe that is best supported by all lines of scientific evidence and observation. The essential idea is that the universe has expanded from a primordial hot and dense initial condition at some finite time in the past and continues to expand to this day. Georges Lemaître proposed what became known as the Big Bang theory of the origin of the Universe, although he called it his 'hypothesis of the primeval atom'. The framework for the model relies on Albert Einstein's General Relativity as formulated by Alexander Friedmann. After Edwin Hubble discovered in 1929 that the distances to far away galaxies were generally proportional to their redshifts, this observation was taken to indicate that all very distant galaxies and clusters have an apparent velocity directly away from our vantage point. The farther away, the higher the apparent velocity.[1] If the distance between galaxy clusters is increasing today, everything must have been closer together in the past. This idea has been considered in detail back in time to extreme densities and temperatures, and large particle accelerators have been built to experiment on and test such conditions, resulting in significant confirmation of the theory. But these accelerators can only probe so far into such high energy regimes. Without any evidence associated with the earliest instant of the expansion, the Big Bang theory cannot and does not provide any explanation for such an initial condition, rather explaining the general evolution of the universe since that instant. The observed abundances of the light elements throughout the cosmos closely match the calculated predictions for the formation of these elements from nuclear processes in the rapidly expanding and cooling first minutes of the universe, as logically and quantitatively detailed according to Big Bang nucleosynthesis.
Fred Hoyle is credited with coining the phrase 'Big Bang' during a 1949 radio broadcast, as a derisive reference to a theory he did not subscribe to.[2] Hoyle later helped considerably in the effort to figure out the nuclear pathway for building certain heavier elements from lighter ones. After the discovery of the cosmic microwave background radiation in 1964, and especially when its collective frequencies sketched out a blackbody curve, most scientists were fairly convinced by the evidence that some Big Bang scenario must have occurred.
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