US Stimulus Package - Bush's TARP/EESA; Barack Obama's American Recovery and Reinvestment Bill

For investors who wish to look at details of US Stimulus Package:

Bush’s Stimulus Package
Name: Troubled Assets Relief Program (TARP) under Emergency Economic Stabilization Act of 2008 (EESA)

Troubled Assets Relief Program (TARP) under Emergency Economic Stabilization Act of 2008, is passed and became Public Law No: 110-343 (H.R.1424 prior to enactment)

H.R. 1424 (from Library of Congress)
link

H.R. 1424 pdf file (from GPO)
PDF file

Public Law No: 110-343
PDF file

Obama’s Stimulus Package
Name: American Recovery and Reinvestment Bill
Summary of American Recovery and Reinvestment Bill (from Committee of Appropriations) – (as passed by the house on 28 Jan 09) (refer to Committee of Appropriations for updates)
PDF file

Full text
PDF file

Note:
If you like this post, you may be interested on my other posts on US and fiscal stimulus.
Feel free to check them out and comment.

Financial Modelers' Manifesto

Paul Wilmott and Emanuel Derman have come out with a Financial Modelers' Manifesto.
Financial Modelers' Manifesto document
This Financial Modelers' Manifesto is a great read, especially for investors who sometimes place too much confidence in using model to evaluate financial assets and predict financial outcomes.

Excerpt from the Manifesto:
[

The Modelers' Hippocratic Oath
~ I will remember that I didn't make the world, and it doesn't satisfy my equations.
~ Though I will use models boldly to estimate value, I will not be overly impressed by mathematics.
~ I will never sacrifice reality for elegance without explaining why I have done so.
~ Nor will I give the people who use my model false comfort about its accuracy. Instead, I will make explicit its assumptions and oversights.
~ I understand that my work may have enormous effects on society and the economy, many of them beyond my comprehension.

]

Before this Oath, there is a manifesto.
Among many things,
it talks about :
why CDO’s model went wrong; There is no right model; Examples of a good model (Black-Scholes model of options valuation); limitations of model.. etc..

Great read !

Harvard Business Review 50 management terms for 2008

Came across this "Harvard Business Review 50 management terms for 2008" (in chinese) :
website

This is a great way to learn what the management buzzes are in HBR.
Source of the terms (which month’s HBR) are included.

Power 50 - the world’s most influential people in finance

Power 50 - the world’s most influential people in finance

Institutional Investor Magazine has picked 50 peoples to be world’s most influential people in finance.
link

We will be able to know who-is-who and his/her organization/company that are considered influential in finance.

Among many CEOs, directors, organization heads, there is an economist which is odd-one-out :
Nouriel Roubini : Economics Professor, New York University’s Stern School of Business
Nouriel Roubini is mentioned in one of the my previous post on economists.