Josef “Jeff” Sipek

Goldman Sachs

I just came across an article that points out how Goldman Sachs managed to show a fair amount of profit for the first quarter:

Goldman Sachs reported a profit of $1.8 billion in the first quarter, and plans to sell $5 billion in stock and get out of the government’s clutches, if it can.

How did it do that? One way was to hide a lot of losses in not-so-plain sight.

Goldman’s 2008 fiscal year ended Nov. 30. This year the company is switching to a calendar year. The leaves December as an orphan month, one that will be largely ignored. In Goldman’s earnings statement, and in most of the news reports, the quarter ended March 31 is compared to the quarter last year that ended in February.

The orphan month featured “surprise” lots of write-offs. The pretax loss was $1.3 billion, and the after-tax loss was $780 million.

Would the firm have had a profit if it had stuck to its old calendar, and had to include December and exclude March?

Clever, eh?

Man Robbing Stores With Klingon Sword

Wow…just wow. The article says it all.

Security cam

Oh, by the way, it looks like this robber is holding it by the blade…jeez.


I just came across this… a new SMTP RFC (5321). I wonder what changed — I wish they did the change bar that IBM uses in its documents. :/

Lunar Eclipse

Sweet! Now, if only I could get away from civilization at that time…

NASA’s info

More info is on NASA’s site.

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