www.instructables.com has a number of simple but quite interesting solution to our little problems.
I didn't know that making a cyristal clear ice cubes tales 1- using purified water 2-boilng and cooling the water and again boiling cooling (double boiling eliminates dissolved air in the water and decomposes minerals in the water ! dissolved air + minerals +dust)
Thursday, November 1, 2007
Euro vs USD Rate
How long more USD will lose vs Euro? Today's intrest rate cut by the US Fed will surely boost the US exports and rate against other cırrencies. Signals to buy dollars.
Wednesday, October 31, 2007
Leverage and valuation
1- Debt / Total Assets change in capital structure. And therefore equity changes.
2- As debt protion increases interest rate increases
3- Sales, costs, RFr, Risk premium, EBIT are the same
4- Total Assets are the same. ( Total Assets are the same, debt in structure goes up, total equity goes down)
Results
1- WACC goes up thus the value of the firm goes down
2- EPS calculated on net income goes down when company borrows more (Because equity goes down)
3- EPS calculated EBIT goes up when company borrows more.
Therefore,
For the local shareholder, increasing the debt amount in the capital structure will not hit P&L. Even when the sales are same under different debt scenarios, the higher the debt, the lesser the equity and the more EPS of EBIT. The mistake the foreign did when purchasing local shares was agreeing with the local partner on EBITx multiplier not net income x multiplier When all of the above is happening, the value of the company doesn't change.Plus when KS calls, the local partner will also sell his liability of debt to foreigner so it is a win - win case for the locals.
EBIT X or EBITDA X valuation methods dont usually work for companies with huge bank loans.
2- As debt protion increases interest rate increases
3- Sales, costs, RFr, Risk premium, EBIT are the same
4- Total Assets are the same. ( Total Assets are the same, debt in structure goes up, total equity goes down)
Results
1- WACC goes up thus the value of the firm goes down
2- EPS calculated on net income goes down when company borrows more (Because equity goes down)
3- EPS calculated EBIT goes up when company borrows more.
Therefore,
For the local shareholder, increasing the debt amount in the capital structure will not hit P&L. Even when the sales are same under different debt scenarios, the higher the debt, the lesser the equity and the more EPS of EBIT. The mistake the foreign did when purchasing local shares was agreeing with the local partner on EBITx multiplier not net income x multiplier When all of the above is happening, the value of the company doesn't change.Plus when KS calls, the local partner will also sell his liability of debt to foreigner so it is a win - win case for the locals.
EBIT X or EBITDA X valuation methods dont usually work for companies with huge bank loans.
Basel II
Basel II will be effective in 2009 in Turkey,
With Basel II Banks will
1-Ensure that capital allocation is more risk sensitive;
2- Separating operational risk from credit risk, and quantifying both;
First step banks will take will be calculation of credit risk, operational risk and market risk then to move on to calculating systemic risk, pension risk, concentration risk, strategic risk, reputation risk, liquidity risk and legal risk.
All of these analysis will only result in more analysis and less funding on banks' point of view and thus less economical activity and expensive funding. So Loss - Loss situation for Turkey and developing countries.
With Basel II Banks will
1-Ensure that capital allocation is more risk sensitive;
2- Separating operational risk from credit risk, and quantifying both;
First step banks will take will be calculation of credit risk, operational risk and market risk then to move on to calculating systemic risk, pension risk, concentration risk, strategic risk, reputation risk, liquidity risk and legal risk.
All of these analysis will only result in more analysis and less funding on banks' point of view and thus less economical activity and expensive funding. So Loss - Loss situation for Turkey and developing countries.
Synergy
Synergy Calculation Steps
1. Value each firm separately, projecting out free cashflows and terminal value.
2. Value the combined firm assuming no synergy. (Add up the present values for the two firms estimated in step 1)
3. Prepare a cashflow statement for the combined firm by just adding up the items on the individual firms' statements.
4. Evaluate where the gains from synergy are going to come from. (Higher revenue growth or lower costs)
5. Translate the synergy gain into money on the combined statement. If revenues are going to grow faster because of the synergy
apply a faster growth rate to revenue in the combined statement. If costs are going to be cut, show the reductions in costs on the statement.
6. Calculate the value of the combined firm with the changes made in step 5.
7. Compare to the value in step 2. The difference is the synergy gain. This is the MOST that one should as a takeover premium.
Satan as Dore epicts
As depicted by Dore, the figure is just like an heavenly angel but the thoughts and looks show confusion and irritation as if he was to prove as an opposing power to the God who has fired him out of heaven. What a fascination from abomination.
Count Ugolino
Count Ugolino and Archbishop Ruggieri were friends, conspiring together to overthrow their government. However, Ruggieri had other plans. He seized control of the city and imprisoned Ugolino with his sons and grandsons in the "tower of hunger."
There is only a slit in the wall for a window... and the solid door is nailed shut. Ugolino realizes that not only are they not ever leaving this cell, but their jailors have no intention of feeding them. The children, realizing the predicament, offer themselves as food for their father, saying "You gave us flesh... now take it from us!" After four days, the children die. By the sixth day, with nothing eaten, Count Ugolino has gone blind and emaciated from the hunger. His vision and senses blurred, he gropes over their dead bodies, unable to see them any longer. Though they were dead, he called their names out for two days. and.. "Then hunger proved more powerful than grief."
There is only a slit in the wall for a window... and the solid door is nailed shut. Ugolino realizes that not only are they not ever leaving this cell, but their jailors have no intention of feeding them. The children, realizing the predicament, offer themselves as food for their father, saying "You gave us flesh... now take it from us!" After four days, the children die. By the sixth day, with nothing eaten, Count Ugolino has gone blind and emaciated from the hunger. His vision and senses blurred, he gropes over their dead bodies, unable to see them any longer. Though they were dead, he called their names out for two days. and.. "Then hunger proved more powerful than grief."
Contrapasso (Punishment that fits the crime)
In Dante's Hell, Contrapassonmeans sinners are punished in a way that somehow reflects what they did wrong on earth while they were living.
Example
1-Paolo and Francesca: Their sin on earth was their lust. They wanted to be with each other in a sexual nature, even though it was forbidden. Here in Hell, their punishment is the mirror image of their sin on earth--the same basic concept, but the EXACT OPPOSITE. Here, they are stuck together sexually. They are doomed to remain in the most intimate of positions for all eternity, without rest or satisfaction. While in life all they wanted was to be together, now that they are...They would love to be separated
2-Satan:The king of Hell is himself a contrapasso. Prior to being kicked out of heaven and founding Hell, he was a majestic angel representing all of heaven's cardinal virtues: Love, Divine Omnipotence, and Wisdom.Now that he screwed up Big Time and is down in the pit, he has been changed to reveal the mirror image of his former self. Now with a furry, frozen body with scales instead of wings, he has three heads: one red (Hatred), one yellow (Impotence), and one black(Ignorance) to contrast the three highest virtues of heaven.
Example
1-Paolo and Francesca: Their sin on earth was their lust. They wanted to be with each other in a sexual nature, even though it was forbidden. Here in Hell, their punishment is the mirror image of their sin on earth--the same basic concept, but the EXACT OPPOSITE. Here, they are stuck together sexually. They are doomed to remain in the most intimate of positions for all eternity, without rest or satisfaction. While in life all they wanted was to be together, now that they are...They would love to be separated
2-Satan:The king of Hell is himself a contrapasso. Prior to being kicked out of heaven and founding Hell, he was a majestic angel representing all of heaven's cardinal virtues: Love, Divine Omnipotence, and Wisdom.Now that he screwed up Big Time and is down in the pit, he has been changed to reveal the mirror image of his former self. Now with a furry, frozen body with scales instead of wings, he has three heads: one red (Hatred), one yellow (Impotence), and one black(Ignorance) to contrast the three highest virtues of heaven.
Monday, October 29, 2007
Sunday, October 28, 2007
Divine Comedy's Inferno Characters
Dante: Dante, as he wrote himself, appears to be a man of passionately held opinions.
Virgil: This Roman poet wrote the Aeneid, which dealt in part with the adventures of Aeneas, who descended to the underworld. Unlike Dante, Virgil is a true inhabitant of Hell: he is a damned soul, though a virtuous man. This colors his character with a calm despair which is not seen in the fiery Florentine.
Beatrice: Dante's idealized beloved, Beatrice, appears very little in the Inferno.
The heavenly messenger (Canto IX): The messenger is sent by God to make the fallen angels in Dis let Dante and Virgil in.
Charon (Canto III): Charon is the demon who ferries souls across the Acheron into Hell.
Minos (Canto V): Minos is a terrible demon who judges the damned souls and decides where in Hell they will be punished. He is a figure from Classical mythology: he was the son of Zeus and Europa.
Cerberus (Canto VI): Cerberus is a doglike demon in the third circle. Virgil calms him by throwing mud into his mouth.
Plutus (Canto VII): Plutus is a wolf-like demon who praises Satan in a grating voice. Plutus is a Pagan figure, strongly connected with avarice. In Roman mythology he is the king of the underworld; here he is merely a servant of the Devil, whose cry probably means: "Oh Satan, oh Satan, the most powerful one!"
Phleygas (Canto VIII): Phleygas is the boat-man of the river Styx, like Charon for the Acheron. He resentfully ferries Dante and Virgil across.
The Furies (Canto IX): Women with snakes for hair from Classical mythology. Their names are Megaera, Allecto, and Tisiphone.
Geryon (Canto XVII): is a monster who symbolizes fraud itself. His face was human, gracious and honest-looking, but his body was a combination of a bear and a serpent, and his tail had a scorpion's sting.
The Malebranche: This name refers to a group of devils who patrol the lake of pitch where the barrators are punished in Malebolge. They are fierce-looking and dangerous bit not very smart. The name means "evil-claws," and is also a family name in Lucca. Individual Malebranche are:
Malacoda: "evil-tail."
Alichino: same root as "harlequin."
Calcabrina: "he who can walk on brine."
Cagnazzo: "big dog," also a family name in Lucca.
Libicocco: "winds," from the two winds libeccio and sirocco.
Barbariccia: "curly beard."
Draghignazzo: "big dragon."
Circiatto: "hog."
Farfarello: "evil ghost."
Rubicante: "he who grows red."
Graffiacane: "he who scratches dogs," also a family name from Lucca.
Nimrod: is a huge giant who talks in an unknown tongue and blows a huge bugle. In the Bible, he ruled in Babylon when the Tower of Babel was built it was supposed to be tall enough to reach the sky.
Briareus and Ephialtes: rebelled against the Olympian gods, who dealt with them in much the same way as the Biblical god dealt with Nimrod.
Antaneus: was born after the rebellion, therefore he is unfettered, though still imprisoned.
Homer: is the great Greek epic poet.
Horace (65-8 BC): was a Roman satirist-moralist.
Ovid (43 BC- 17 AD): was the Roman author of the Metamorphoses.
Lucan (39-65): was another Roman poet.
Electra: was the mother of Dardanus, who founded Troy.
Hector: was the peace-loving but warlike prince of Troy who was killed by Achilles with divine aid in Homer's Iliad.
Aeneas: is the subject of Virgil's Aeneid. A Trojan, he escaped from his city after its fall, and after living with and abandoning Dido, the Queen of Carthage, he went to Italy.
Julius Caesar: was the Roman leader whose rule ended the republic. He was assassinated by
Brutus and Cassius (found in Judecca).
Camilla: died defending her homeland, Latium.
Penthesilea: was the Queen of the Amazons who was killed by Achilles.
King Latinus: was the king of Latium.
Lavinia: was Latinus' daughter and she married Aeneas.
Lucius Junius Brutus: (not the one who killed Caesar), drove out Tarquin the Proud, the last Roman king, in 510 BC. Lucretia's death prompted Brutus' action after she committed suicide after having been raped by Tarquin.
Julia: was the daughter of Caesar and Pompey's wife.
Marcia: was Cato's virtuous wife.
Cornelia: was an exemplary mother.
Saladin: was the Sultan of Egypt from 1171 to 1193. Though he was Muslim, he was famous among Christians for his nobility.
Socrates, Plato, and Aristotle: were all Greek philosophers. Aristotle was particularly venerated during the medieval and early Renaissance period. Democritus, Empedocles, Zeno, Diogenes, Thales, Anaxoragas and Heraclitus were also philosophers, though less well known.
Averroes (1126-1198): was an Arabian philosopher who commented on the works of Aristotle.
Dioscorides, Hippocrates, Galen (2nd century), and Avicenna (980-1037): were all physicians whose works influenced the medicine of Dante's time very much.
Orpheus and Linus: are mythological Greek poets and musicians.
Tully, Cicero and Seneca: were Roman moral poets.
Euclid (around 300 BC): was a mathematician and Ptolemy (2nd century BC) was an astronomer whose geocentric conception of the universe was very influential.
Semiramis: was an immoral queen of Assyria, and is supposed to have legalized incest.
Cleopatra, queen of Egypt: she had both Julius Caesar and Marc Antony as lovers. She committed suicide to avoid being taken captive by the Romans.
Helen: the most beautiful woman in the world and the queen of Sparta, was abducted by Paris, starting the Trojan War.
Achilles: fought heroically in theTrojan War, but unpatriotically stopped when he found he couldn't have the female captive he wanted.
Tristan: was a knight of medieval romance who fell magically in love with his patron's queen, Ysolde. They died because of their love.
Dido: queen of Carthage, loved Aeneas and killed herself when he abandoned her.
Francesca da' Rimini and Paolo Malatesta: The historical identities of Francesca and her lover are well known. Francesca da Rimini was married around 1275 to Gianciotto Malatesta of Rimini for political reasons. She unfortunately fell in love with her husband's younger brother Paolo and he with her. When her husband discovered their adultery, probably in 1285, he killed them both.
Ciacco: a gluttonous Florentine who predicts some of Florence's political future for Dante.
Filippo Argenti: Filippo Argenti is a Florentine who tries to attack Dante, and is later attacked by his fellow-sinners.
Pope Anastasius: Dante believed Anastasius (496-498) to be a follower of Photinus's heresy, which held that Christ was not divine.
The Minotaur: is a figure from Greek mythology: he was half man and half bull, the offspring of a bull and the Queen of Crete, Pasiphae, who was cursed with insane love for the bull and had a hollow cow built, in which the Minotaur was conceived.
Nessus: tried to rape Deianira, Hercule's wife, and was shot for it with a poisoned arrow. In revenge, Nessus gave Deianira a robe dipped in his blood, which he said would make the wearer fall in love with her. When Hercules was in love with Iole, Deianira gave him the robe, which poisoned him and made him die in agony.
Chiron: was a somewhat different centaur, the tutor of Achilles, a wise and cultivated being: thus he is the one Virgil wants to talk to.
Alexander: is probably Alexander the Great of Macedon (356-323 BC), who made great conquests in a short lifetime.
Dionysius the Elder: was tyrant of Syracuse from 405 to 367 BC (not to be confused with the God of wine).
Ezzelino III (1194-1259): a Ghibelline, massacred the citizens of Padua.
Obizzo II d'Este (1247-1293): was a Guelph who may have been killed by his own son.
The two Riniers: were famous highwaymen.
Pier della Vigna (1190-1249): was the minister, private secretary and counselor of Frederick II until he fell into disfavor and was put in prison and blinded.
Lano: is probably Arcolano of Siena, who belonged to the Spendthrift Club, a group of young noblemen who wasted time and money on frivolous and extravagent entertainments.
The anonymous Florentine suicide: is a thorn bush broken during Jacopo's flight from the black hounds. Little is known about him except that he hanged himself.
Capaneus: was one of the seven legendary kings who beseiged Thebes. Apparently Capaneus boasted that even Jove couldn't stop him, and was hit by a thunderbolt in retribution. In Hell he is still proud and rebellious against God.
Ser Brunetto Brunetto Latini (1220-1294): a Guelph Florentine, was a famous political leader and writer. He wrote an encyclopedia in French, called Li Livres dou tresor, and an Italian poem, the Tesoretto. Although Brunetto was not actually Dante's teacher, he seems to have been an important influence and a close friend. Dante treats him with affection and respect.
Priscian of Cesarea: was a Latin grammarian of the Middle Ages.
Francesco d'Accorso: was a lawyer at Bologna and Oxford.
Andrea de'Mozzi: the Bishop of Florence was transferred for his scandalous lifestyle by the Pope Boniface VIII (the Servant of His servants) to Vicenza. He died soon after, apparently worn out by sodomy (his tendons strained by sin).
Guido Guerra, Tegghiaio Aldobrandi, Jacopo Rusticucci: These three Florentine sodomites were all famous and honorable political leaders, evidently well respected by Dante despite their personal sins.
The usurers: are punished by having to sit on flaming sand with flakes of fire falling on them. They include members of the families Gianfigliazzi, Obriachi and Scrovegni. Reginaldo Scrovegni' s son tried to atone for his father's ill-gotten wealth by commissioning the great painter Giotto to paint a chapel named for him.
The panders and seducers: are whipped by demons.
Venedico Caccianemico: is supposed to have delivered his own sister Ghisolabella to the lustful designs of a Marquis. In fact he was not yet dead when the Inferno supposedly takes place; Dante was probably unaware of this.
Jason: was a hero in Greek legend who voyaged on his ship the Argo with his companions, the Argonauts. They stopped at the island of Lemnos, where the women had killed the men, except for Hypsipyle who had saved her father's life; Jason seduced and abandoned her. Medea, a princess of a different island, turned against her own people to help Jason in his quest, and was also abandoned; she avenged herself by killing the children she had had with Jason.
Flatterers: were punished by being put in a pit full of human excrement.
Alessio Interminei of Lucca: whom Dante had a hard time recognizing because of his filthiness, was there because of his flatteries.
Thais: was a harlot who had said that she was very grateful to her lover.
Pope Nicholas III: Pope Nicholas III was elected in 1277 and died in 1280; his reference to cubs of the she-bear refers to his family name, Orsini.
Tiresias: was a soothsayer in Greek mythology who turned from a man into a woman and back again.
Amphiaraus: is another of the seven kings who fought Thebes. He foresaw his death and tried to avoid battle, but died in an earthquake all the same.
Manto: was a Theban soothsayer who legendarily founded Mantua.
Michael Scot and Guido Bonatti: were court astrologers and Asdente was a shoemaker who prophecied in Parma at the end of the 13th century.
The Navarrese barrator: had been damned fortaking graft in the household of King Thibault. His trickery and successful escape from the Malebranche give a rare example of human success over immortals, and a bending from the inexorable divine will.
Two Italian barrators: were Fra Gomito of Gallura who was a sovereign swindler, and also another Sardinian, Don Michele Zanche (whose murderer can be found in the ninth circle).
Caiaphas: was the high Jewish priest under Pontius Pilate, the Roman who oversaw Jerusalem when Jesus was crucified.
Vanni Fucci: stole from the treasury of San Jacopo, which was kept in the sacristy of the Cathedral of Pistoia. Rampino Foresi was accused of the crime and was nearly executed, while Fucci escaped.
Cianfa Donati and Agnello de' Brunelleschi: were both noble Florentine thieves. Apparently Cianfa is the snake who combines with Agnello. Puccio Sciancato was from a noble Ghibelline family in Galigai. Francesco de' Cavalcanti was murdered bythe people of the town Gaville, and his family in revenge killed almost everyone in Gaville.
Ulysses (or Odysseus in the Greek form): was a crafty member of the Greek army which beseiged Troy after the Trojan prince Paris ran off with the Spartan queen Helen.
Guido da Montefeltro (1220-1298): a famous Ghibelline leader who became a friar, was damned because he trusted Boniface's unconditional absolution of his sins (he was a crafty and unscrupulous commander).
Mohammed: is of course the founder of Islam, and Ali is his nephew and successor.
Fra Dolcino: founded an order called the Apostolic Brothers, which believed in holding goods and women in common.
The Ghibelline Mosca de' Lamberti: was mentioned in Canto VI. He helped create the feud between the Ghibellines and the Guelfs when in 1215 he advised the Amidei family to kill a Guelph, Buondelmonte dei Buondelmonti, for breaking his engagement to be married to an Amidei girl.
Bertran de Born (1140-1215): was a troubadour poet among other things his beautiful works deserve to be read if they can be obtained and was thought by some to have incited Prince Henry to rebell against his father Henry II.
Geri del Bello: Dante's father's cousin, was a troublemaker who was killed by a Sacchetti. He was finally avenged in 1310, and the pointless feud begun between the Alighieri and the Sacchetti lasted until 32 years later.
Griffolino of Arezzo: cheated Albero of Siena by claiming that he could teach him to fly for a large sum of money. He was burned as a heretic by Albero's protector (and perhaps his father), the Bishop of Siena.
Capocchio: was burned at the stake for alchemy in 1293.
Gianni Schicci: impersonated Simone Donati's uncle Buoso Donati, who had just died: on Simone's request, Gianni, pretending to be Buoso, dictated a new will in favor of Simone. He also left himself Buoso's best mare, the lady of the herd.
Myrrha: daughter of the king of Cyprus, fell incestuously in love with her father, and impersonated another woman so as to sleep with him. When she was discovered, she fled execution, and was changed into a myrrh tree by the gods.
Master Adam: was a counterfeiter whose body is swollen up with dropsy. He longs for revenge on the people who prompted him to counterfeit coins.
Sinon: tricked the Trojans into bringing the wooden horse filled with Greek soldiers into Troy (see Canto XXVI).
The wife of Potiphar: falsely accused Joseph of making advances toward her.
The two sons: of the Florentine noble Alberto degli Alberti are Napoleone and Alessandro.
Napoleone was a Ghibelline and Alessandro was Guelph; they murdered each other between 1282 and 1286.
Mordred: Arthur's nephew (and according to some versions, his incestuously conceived son), tried to seize power in England and was killed by his uncle for his treachery.
Focaccia: was a noble White Guelph who murdered his cousin. Sassol Mascheroni also murdered a relative.
Camiscion de' Pazzi: shared a fortress with Ubertino until he murdered him. He hopes that Carlino will "absolve him" because Carlino was a member of his family who had committed a graver act of treachery which would make his own appear less serious by contrast: Carlino betrayed his party (the Whites).
Bocca degli Abati: was another Guelph who betrayed his party
Count Ugolino: is a tragic figure who is frightening in the depth of his hatred. He and his children were starved to death by the Archbishop Ruggieri whose head he eats in Hell. His sorrow for the slow deaths of his sons and grandsons, and his despair at his own inability to help them fuel an undying hatred for their murderer.
Fra Alberigo: was a Jovial Friar who had his relatives Manfred and Manfred's son killed during a banquet. He summoned the assassins by ordering figs. He resents his punishment: when he says that his figs have been repaid with dates, he is complaining that his punishment is too severe: dates were more expensive than figs.
Branca Doria: killed his father-in-law Michele Zanche (see Canto XXII) during a banquet.
Judas Iscariot: was the apostle who betrayed Christ. In the Bible he identified Christ for his enemies by kissing him for thirty pieces of silver
Marcus Junius Brutus: and Gaius Cassius Longus assassinated Julius Caesar in 44 BC, and both committed suicide two years later.
Virgil: This Roman poet wrote the Aeneid, which dealt in part with the adventures of Aeneas, who descended to the underworld. Unlike Dante, Virgil is a true inhabitant of Hell: he is a damned soul, though a virtuous man. This colors his character with a calm despair which is not seen in the fiery Florentine.
Beatrice: Dante's idealized beloved, Beatrice, appears very little in the Inferno.
The heavenly messenger (Canto IX): The messenger is sent by God to make the fallen angels in Dis let Dante and Virgil in.
Charon (Canto III): Charon is the demon who ferries souls across the Acheron into Hell.
Minos (Canto V): Minos is a terrible demon who judges the damned souls and decides where in Hell they will be punished. He is a figure from Classical mythology: he was the son of Zeus and Europa.
Cerberus (Canto VI): Cerberus is a doglike demon in the third circle. Virgil calms him by throwing mud into his mouth.
Plutus (Canto VII): Plutus is a wolf-like demon who praises Satan in a grating voice. Plutus is a Pagan figure, strongly connected with avarice. In Roman mythology he is the king of the underworld; here he is merely a servant of the Devil, whose cry probably means: "Oh Satan, oh Satan, the most powerful one!"
Phleygas (Canto VIII): Phleygas is the boat-man of the river Styx, like Charon for the Acheron. He resentfully ferries Dante and Virgil across.
The Furies (Canto IX): Women with snakes for hair from Classical mythology. Their names are Megaera, Allecto, and Tisiphone.
Geryon (Canto XVII): is a monster who symbolizes fraud itself. His face was human, gracious and honest-looking, but his body was a combination of a bear and a serpent, and his tail had a scorpion's sting.
The Malebranche: This name refers to a group of devils who patrol the lake of pitch where the barrators are punished in Malebolge. They are fierce-looking and dangerous bit not very smart. The name means "evil-claws," and is also a family name in Lucca. Individual Malebranche are:
Malacoda: "evil-tail."
Alichino: same root as "harlequin."
Calcabrina: "he who can walk on brine."
Cagnazzo: "big dog," also a family name in Lucca.
Libicocco: "winds," from the two winds libeccio and sirocco.
Barbariccia: "curly beard."
Draghignazzo: "big dragon."
Circiatto: "hog."
Farfarello: "evil ghost."
Rubicante: "he who grows red."
Graffiacane: "he who scratches dogs," also a family name from Lucca.
Nimrod: is a huge giant who talks in an unknown tongue and blows a huge bugle. In the Bible, he ruled in Babylon when the Tower of Babel was built it was supposed to be tall enough to reach the sky.
Briareus and Ephialtes: rebelled against the Olympian gods, who dealt with them in much the same way as the Biblical god dealt with Nimrod.
Antaneus: was born after the rebellion, therefore he is unfettered, though still imprisoned.
Homer: is the great Greek epic poet.
Horace (65-8 BC): was a Roman satirist-moralist.
Ovid (43 BC- 17 AD): was the Roman author of the Metamorphoses.
Lucan (39-65): was another Roman poet.
Electra: was the mother of Dardanus, who founded Troy.
Hector: was the peace-loving but warlike prince of Troy who was killed by Achilles with divine aid in Homer's Iliad.
Aeneas: is the subject of Virgil's Aeneid. A Trojan, he escaped from his city after its fall, and after living with and abandoning Dido, the Queen of Carthage, he went to Italy.
Julius Caesar: was the Roman leader whose rule ended the republic. He was assassinated by
Brutus and Cassius (found in Judecca).
Camilla: died defending her homeland, Latium.
Penthesilea: was the Queen of the Amazons who was killed by Achilles.
King Latinus: was the king of Latium.
Lavinia: was Latinus' daughter and she married Aeneas.
Lucius Junius Brutus: (not the one who killed Caesar), drove out Tarquin the Proud, the last Roman king, in 510 BC. Lucretia's death prompted Brutus' action after she committed suicide after having been raped by Tarquin.
Julia: was the daughter of Caesar and Pompey's wife.
Marcia: was Cato's virtuous wife.
Cornelia: was an exemplary mother.
Saladin: was the Sultan of Egypt from 1171 to 1193. Though he was Muslim, he was famous among Christians for his nobility.
Socrates, Plato, and Aristotle: were all Greek philosophers. Aristotle was particularly venerated during the medieval and early Renaissance period. Democritus, Empedocles, Zeno, Diogenes, Thales, Anaxoragas and Heraclitus were also philosophers, though less well known.
Averroes (1126-1198): was an Arabian philosopher who commented on the works of Aristotle.
Dioscorides, Hippocrates, Galen (2nd century), and Avicenna (980-1037): were all physicians whose works influenced the medicine of Dante's time very much.
Orpheus and Linus: are mythological Greek poets and musicians.
Tully, Cicero and Seneca: were Roman moral poets.
Euclid (around 300 BC): was a mathematician and Ptolemy (2nd century BC) was an astronomer whose geocentric conception of the universe was very influential.
Semiramis: was an immoral queen of Assyria, and is supposed to have legalized incest.
Cleopatra, queen of Egypt: she had both Julius Caesar and Marc Antony as lovers. She committed suicide to avoid being taken captive by the Romans.
Helen: the most beautiful woman in the world and the queen of Sparta, was abducted by Paris, starting the Trojan War.
Achilles: fought heroically in theTrojan War, but unpatriotically stopped when he found he couldn't have the female captive he wanted.
Tristan: was a knight of medieval romance who fell magically in love with his patron's queen, Ysolde. They died because of their love.
Dido: queen of Carthage, loved Aeneas and killed herself when he abandoned her.
Francesca da' Rimini and Paolo Malatesta: The historical identities of Francesca and her lover are well known. Francesca da Rimini was married around 1275 to Gianciotto Malatesta of Rimini for political reasons. She unfortunately fell in love with her husband's younger brother Paolo and he with her. When her husband discovered their adultery, probably in 1285, he killed them both.
Ciacco: a gluttonous Florentine who predicts some of Florence's political future for Dante.
Filippo Argenti: Filippo Argenti is a Florentine who tries to attack Dante, and is later attacked by his fellow-sinners.
Pope Anastasius: Dante believed Anastasius (496-498) to be a follower of Photinus's heresy, which held that Christ was not divine.
The Minotaur: is a figure from Greek mythology: he was half man and half bull, the offspring of a bull and the Queen of Crete, Pasiphae, who was cursed with insane love for the bull and had a hollow cow built, in which the Minotaur was conceived.
Nessus: tried to rape Deianira, Hercule's wife, and was shot for it with a poisoned arrow. In revenge, Nessus gave Deianira a robe dipped in his blood, which he said would make the wearer fall in love with her. When Hercules was in love with Iole, Deianira gave him the robe, which poisoned him and made him die in agony.
Chiron: was a somewhat different centaur, the tutor of Achilles, a wise and cultivated being: thus he is the one Virgil wants to talk to.
Alexander: is probably Alexander the Great of Macedon (356-323 BC), who made great conquests in a short lifetime.
Dionysius the Elder: was tyrant of Syracuse from 405 to 367 BC (not to be confused with the God of wine).
Ezzelino III (1194-1259): a Ghibelline, massacred the citizens of Padua.
Obizzo II d'Este (1247-1293): was a Guelph who may have been killed by his own son.
The two Riniers: were famous highwaymen.
Pier della Vigna (1190-1249): was the minister, private secretary and counselor of Frederick II until he fell into disfavor and was put in prison and blinded.
Lano: is probably Arcolano of Siena, who belonged to the Spendthrift Club, a group of young noblemen who wasted time and money on frivolous and extravagent entertainments.
The anonymous Florentine suicide: is a thorn bush broken during Jacopo's flight from the black hounds. Little is known about him except that he hanged himself.
Capaneus: was one of the seven legendary kings who beseiged Thebes. Apparently Capaneus boasted that even Jove couldn't stop him, and was hit by a thunderbolt in retribution. In Hell he is still proud and rebellious against God.
Ser Brunetto Brunetto Latini (1220-1294): a Guelph Florentine, was a famous political leader and writer. He wrote an encyclopedia in French, called Li Livres dou tresor, and an Italian poem, the Tesoretto. Although Brunetto was not actually Dante's teacher, he seems to have been an important influence and a close friend. Dante treats him with affection and respect.
Priscian of Cesarea: was a Latin grammarian of the Middle Ages.
Francesco d'Accorso: was a lawyer at Bologna and Oxford.
Andrea de'Mozzi: the Bishop of Florence was transferred for his scandalous lifestyle by the Pope Boniface VIII (the Servant of His servants) to Vicenza. He died soon after, apparently worn out by sodomy (his tendons strained by sin).
Guido Guerra, Tegghiaio Aldobrandi, Jacopo Rusticucci: These three Florentine sodomites were all famous and honorable political leaders, evidently well respected by Dante despite their personal sins.
The usurers: are punished by having to sit on flaming sand with flakes of fire falling on them. They include members of the families Gianfigliazzi, Obriachi and Scrovegni. Reginaldo Scrovegni' s son tried to atone for his father's ill-gotten wealth by commissioning the great painter Giotto to paint a chapel named for him.
The panders and seducers: are whipped by demons.
Venedico Caccianemico: is supposed to have delivered his own sister Ghisolabella to the lustful designs of a Marquis. In fact he was not yet dead when the Inferno supposedly takes place; Dante was probably unaware of this.
Jason: was a hero in Greek legend who voyaged on his ship the Argo with his companions, the Argonauts. They stopped at the island of Lemnos, where the women had killed the men, except for Hypsipyle who had saved her father's life; Jason seduced and abandoned her. Medea, a princess of a different island, turned against her own people to help Jason in his quest, and was also abandoned; she avenged herself by killing the children she had had with Jason.
Flatterers: were punished by being put in a pit full of human excrement.
Alessio Interminei of Lucca: whom Dante had a hard time recognizing because of his filthiness, was there because of his flatteries.
Thais: was a harlot who had said that she was very grateful to her lover.
Pope Nicholas III: Pope Nicholas III was elected in 1277 and died in 1280; his reference to cubs of the she-bear refers to his family name, Orsini.
Tiresias: was a soothsayer in Greek mythology who turned from a man into a woman and back again.
Amphiaraus: is another of the seven kings who fought Thebes. He foresaw his death and tried to avoid battle, but died in an earthquake all the same.
Manto: was a Theban soothsayer who legendarily founded Mantua.
Michael Scot and Guido Bonatti: were court astrologers and Asdente was a shoemaker who prophecied in Parma at the end of the 13th century.
The Navarrese barrator: had been damned fortaking graft in the household of King Thibault. His trickery and successful escape from the Malebranche give a rare example of human success over immortals, and a bending from the inexorable divine will.
Two Italian barrators: were Fra Gomito of Gallura who was a sovereign swindler, and also another Sardinian, Don Michele Zanche (whose murderer can be found in the ninth circle).
Caiaphas: was the high Jewish priest under Pontius Pilate, the Roman who oversaw Jerusalem when Jesus was crucified.
Vanni Fucci: stole from the treasury of San Jacopo, which was kept in the sacristy of the Cathedral of Pistoia. Rampino Foresi was accused of the crime and was nearly executed, while Fucci escaped.
Cianfa Donati and Agnello de' Brunelleschi: were both noble Florentine thieves. Apparently Cianfa is the snake who combines with Agnello. Puccio Sciancato was from a noble Ghibelline family in Galigai. Francesco de' Cavalcanti was murdered bythe people of the town Gaville, and his family in revenge killed almost everyone in Gaville.
Ulysses (or Odysseus in the Greek form): was a crafty member of the Greek army which beseiged Troy after the Trojan prince Paris ran off with the Spartan queen Helen.
Guido da Montefeltro (1220-1298): a famous Ghibelline leader who became a friar, was damned because he trusted Boniface's unconditional absolution of his sins (he was a crafty and unscrupulous commander).
Mohammed: is of course the founder of Islam, and Ali is his nephew and successor.
Fra Dolcino: founded an order called the Apostolic Brothers, which believed in holding goods and women in common.
The Ghibelline Mosca de' Lamberti: was mentioned in Canto VI. He helped create the feud between the Ghibellines and the Guelfs when in 1215 he advised the Amidei family to kill a Guelph, Buondelmonte dei Buondelmonti, for breaking his engagement to be married to an Amidei girl.
Bertran de Born (1140-1215): was a troubadour poet among other things his beautiful works deserve to be read if they can be obtained and was thought by some to have incited Prince Henry to rebell against his father Henry II.
Geri del Bello: Dante's father's cousin, was a troublemaker who was killed by a Sacchetti. He was finally avenged in 1310, and the pointless feud begun between the Alighieri and the Sacchetti lasted until 32 years later.
Griffolino of Arezzo: cheated Albero of Siena by claiming that he could teach him to fly for a large sum of money. He was burned as a heretic by Albero's protector (and perhaps his father), the Bishop of Siena.
Capocchio: was burned at the stake for alchemy in 1293.
Gianni Schicci: impersonated Simone Donati's uncle Buoso Donati, who had just died: on Simone's request, Gianni, pretending to be Buoso, dictated a new will in favor of Simone. He also left himself Buoso's best mare, the lady of the herd.
Myrrha: daughter of the king of Cyprus, fell incestuously in love with her father, and impersonated another woman so as to sleep with him. When she was discovered, she fled execution, and was changed into a myrrh tree by the gods.
Master Adam: was a counterfeiter whose body is swollen up with dropsy. He longs for revenge on the people who prompted him to counterfeit coins.
Sinon: tricked the Trojans into bringing the wooden horse filled with Greek soldiers into Troy (see Canto XXVI).
The wife of Potiphar: falsely accused Joseph of making advances toward her.
The two sons: of the Florentine noble Alberto degli Alberti are Napoleone and Alessandro.
Napoleone was a Ghibelline and Alessandro was Guelph; they murdered each other between 1282 and 1286.
Mordred: Arthur's nephew (and according to some versions, his incestuously conceived son), tried to seize power in England and was killed by his uncle for his treachery.
Focaccia: was a noble White Guelph who murdered his cousin. Sassol Mascheroni also murdered a relative.
Camiscion de' Pazzi: shared a fortress with Ubertino until he murdered him. He hopes that Carlino will "absolve him" because Carlino was a member of his family who had committed a graver act of treachery which would make his own appear less serious by contrast: Carlino betrayed his party (the Whites).
Bocca degli Abati: was another Guelph who betrayed his party
Count Ugolino: is a tragic figure who is frightening in the depth of his hatred. He and his children were starved to death by the Archbishop Ruggieri whose head he eats in Hell. His sorrow for the slow deaths of his sons and grandsons, and his despair at his own inability to help them fuel an undying hatred for their murderer.
Fra Alberigo: was a Jovial Friar who had his relatives Manfred and Manfred's son killed during a banquet. He summoned the assassins by ordering figs. He resents his punishment: when he says that his figs have been repaid with dates, he is complaining that his punishment is too severe: dates were more expensive than figs.
Branca Doria: killed his father-in-law Michele Zanche (see Canto XXII) during a banquet.
Judas Iscariot: was the apostle who betrayed Christ. In the Bible he identified Christ for his enemies by kissing him for thirty pieces of silver
Marcus Junius Brutus: and Gaius Cassius Longus assassinated Julius Caesar in 44 BC, and both committed suicide two years later.
Friday, October 26, 2007
David Lynch
I didn't know that DL is so much into transcendental meditation. I should have guessed though after watching all of his movies and his hairstyle. Here comes a nice interwiev with David Lynch and Mark Kermode ....... http://film.guardian.co.uk/interview/interviewpages/0,,2011369,00.html#article_continue
Armenian genocide
http://www.theforgotten.org/ is the site dedicated to all died in so-called Armenian genocide as Armenian lobby all around the world claims.
However, Turkey denies the killings of 1.5 million Armenians during a period of several years, beginning in 1915, amounted to genocide.
It contends that the deaths occurred in the chaos of war as the Ottoman Empire was falling apart, and that many Turks were also killed when Armenians sided with Russian forces in the hope of claiming territory in eastern Turkey.
However, Turkey denies the killings of 1.5 million Armenians during a period of several years, beginning in 1915, amounted to genocide.
It contends that the deaths occurred in the chaos of war as the Ottoman Empire was falling apart, and that many Turks were also killed when Armenians sided with Russian forces in the hope of claiming territory in eastern Turkey.
Acquisition Roadmap
Roadmap
1-
Why to acquire -- strategic plan
spreading risk
increasing market power
scale - scope economies
customer base
good synergy
2-
Work Plan
Deal Parameters and scope
Financial projections
3-
Integration issues
Touch base on target liability (cost)
Employee pay and benefits,
IT systems, and processes
Personality Clashes among executives
Different Expectations
Organizational Culture strategic fit
If all good
4-
Letter of intent based on above parameters
5-
Addressing action items and who will adress them
when to implement actions
what reports are needed and other control issues
Try to pick up personal issues focusing on target employees
Business system issues are resolved
6-
Preperation of formal proposal with previous analysis
letter of intent might be negotiated (with exclusivity agreement) too
7-
Preperation of contracts
8-
Due diligence
Products
Assets
Liabilitis
P&L
9-
Then Valuation
10-
Final Negotiations
11-
Finalizing Contracts and government issues
12-
Ongoing business integration plan
13-
Audit after a year (Internal - external If felt necessary)
1-
Why to acquire -- strategic plan
spreading risk
increasing market power
scale - scope economies
customer base
good synergy
2-
Work Plan
Deal Parameters and scope
Financial projections
3-
Integration issues
Touch base on target liability (cost)
Employee pay and benefits,
IT systems, and processes
Personality Clashes among executives
Different Expectations
Organizational Culture strategic fit
If all good
4-
Letter of intent based on above parameters
5-
Addressing action items and who will adress them
when to implement actions
what reports are needed and other control issues
Try to pick up personal issues focusing on target employees
Business system issues are resolved
6-
Preperation of formal proposal with previous analysis
letter of intent might be negotiated (with exclusivity agreement) too
7-
Preperation of contracts
8-
Due diligence
Products
Assets
Liabilitis
P&L
9-
Then Valuation
10-
Final Negotiations
11-
Finalizing Contracts and government issues
12-
Ongoing business integration plan
13-
Audit after a year (Internal - external If felt necessary)
Facebook saga
Couple of days ago when I checked my e-mail and found I had invitations to Facebook groups protesting the Facebook. Isn't it something??? Poking at privacy is not an issue anymore facebook is poking its own privacy too. Hail internet. By the way you can poke your noses in my private:)))
Latest Gossips
Ülker Group eyes Migros shares
Ülker Group is planning to take part in Migros sales. The company is interested in purchasing 10 percent shares of Migros, said Cahit Paksoy of Ülker Group in and interview at the CNBC-e television. Ülker's plans also include the privatization of highways and bridges, he added. ISTANBUL- Referans
Turkey and Chile to talk Free Trade deal
Several Chilean senior government officials will arrive in Turkey today to launch negotiations on Free Trade Agreement with Turkey. “In Ankara the officials will sign to officially start negotiations on the treaty, which is expected to be concluded at latest in the autumn of 2008,” Gonzalo Ibanez, commercial and agricultural counsellor South Asia, of the Embassy of Chile in New Delhi. ISTANBUL - Turkish Daily News
Doğan Holding eyes Tekel bid
Doğan Holding, owner of Turkey's biggest media group and majority owner of largest chain of gas stations in Turkey, is interested in the bid for state-run tobacco company Tekel and rights to operate toll roads and bridges, said Nebil İlseven Tuesday. The company will consider partnerships for government asset sales including highways and Tekel.ISTANBUL - Referans
Ülker Group is planning to take part in Migros sales. The company is interested in purchasing 10 percent shares of Migros, said Cahit Paksoy of Ülker Group in and interview at the CNBC-e television. Ülker's plans also include the privatization of highways and bridges, he added. ISTANBUL- Referans
Turkey and Chile to talk Free Trade deal
Several Chilean senior government officials will arrive in Turkey today to launch negotiations on Free Trade Agreement with Turkey. “In Ankara the officials will sign to officially start negotiations on the treaty, which is expected to be concluded at latest in the autumn of 2008,” Gonzalo Ibanez, commercial and agricultural counsellor South Asia, of the Embassy of Chile in New Delhi. ISTANBUL - Turkish Daily News
Doğan Holding eyes Tekel bid
Doğan Holding, owner of Turkey's biggest media group and majority owner of largest chain of gas stations in Turkey, is interested in the bid for state-run tobacco company Tekel and rights to operate toll roads and bridges, said Nebil İlseven Tuesday. The company will consider partnerships for government asset sales including highways and Tekel.ISTANBUL - Referans
Rule Maker Analysis
I guess there should be 2 main group criterias; 1-evaluation of the business and 2- financials
and 1 should be broken down to
-dominant brand
-repetitive customers
-quality products and services
-expansion possibilities
and 2 should consist of
-Sales Growth (Sales / Pr. Yr. Sales)
-Gross Margins ((Revenue - COGS) / Revenue)
-Net Margins (Net Income / Revenue)
-Cash-to-Debt Ratio (Cash & Equivalents /(ST Debt + LT Debt))
-Flow Ratio ((Current Assets - Cash & Equiv.) / (Current Liab. - ST Debt))
-Cash Margin ((Operating Cash Flow - Cap. Ex.) / Revenue)
and each sub category should be weighted as (1) . For the financials the comparison should be between actuals and standarts. If the total points are above 7, the organization is a rule maker in its market...
What do you think?
and 1 should be broken down to
-dominant brand
-repetitive customers
-quality products and services
-expansion possibilities
and 2 should consist of
-Sales Growth (Sales / Pr. Yr. Sales)
-Gross Margins ((Revenue - COGS) / Revenue)
-Net Margins (Net Income / Revenue)
-Cash-to-Debt Ratio (Cash & Equivalents /(ST Debt + LT Debt))
-Flow Ratio ((Current Assets - Cash & Equiv.) / (Current Liab. - ST Debt))
-Cash Margin ((Operating Cash Flow - Cap. Ex.) / Revenue)
and each sub category should be weighted as (1) . For the financials the comparison should be between actuals and standarts. If the total points are above 7, the organization is a rule maker in its market...
What do you think?
Economic Reflections of the Latest Terrorist Attacks
Turkish daily news claims that latest terrorirst attacks won't affect economical stability but I find it hard to believe becasue majority of the banking and finance industry is owned by the foreigners and this raises the question of who would fund the invasion? Answer not foreigners. They publicly opposed Turkish invasion into Northern Iraq. Government intervention in thats sense (monetary and fiscal policies) risk creating inflation and higher rates and on and on...
CV
UĞUR TUNÇER, MBA, SMMM
Basın Sitesi A/B D:11
Yenilevent, İSTANBUL 80620
(0533) 411 2507
ugurtuncer@yahoo.com
EDUCATION
Pace University, Lubin School of Business, New York, N.Y.
Master of Business Administration, July 2002
Major: General MBA
Marmara University, Istanbul, Turkey
Bachelor of Business Administration, July 1998
Major: Accounting
EXPERIENCE
Group Analyst, Finance Manager, Izopoli- Kingspan A.Ş: (March 2006 - ),
Basın Sitesi A/B D:11
Yenilevent, İSTANBUL 80620
(0533) 411 2507
ugurtuncer@yahoo.com
EDUCATION
Pace University, Lubin School of Business, New York, N.Y.
Master of Business Administration, July 2002
Major: General MBA
Marmara University, Istanbul, Turkey
Bachelor of Business Administration, July 1998
Major: Accounting
EXPERIENCE
Group Analyst, Finance Manager, Izopoli- Kingspan A.Ş: (March 2006 - ), Istanbul , Turkey
- Preperation of detailed business projections supported by financial reports.
- Attending due diligence, mergers and acquisitions process for multi-nationals
- Preparation of Profit & Loss, Balance Sheet and Cash Flow and other financial information for management
- Performing all reporting activities in accordance with the reporting calendar for Kinspan Plc.
- Generating company budgets annually and comparing actuals with budgets as well as variances
- Preparing margin and profitability analysis by region by product by raw material.
- Auditing subsidiaries and branches periodically.
- Making pricing recommendations to sales and marketing organization
- Preparing price lists quarterly
- Coordinating process with both internal and external auditors.
- Attending ad-hoc projects
- Attending company’s ERP development process and making recommendations.
- Updating standart costs of both standart and non-standart products.
Assistant to CEO, Marintur Danışmanlık A.Ş.: (September 2004 - April 2006),
- Coordinated business projects from varying industries to prepare business plans for market penetration.
- Conducted market research and competitor analysis for market penetration.
- Prepared financial reports and budgets.
- Coordinated export-import operations process with customs agents
- Prepared price lists.
Analyst (Financial Control Group), Morgan Stanley (February 2002 – July 2003),
- Provided financial support to the sales and trading business.
- Attended company valuations and risk analysis.
- Performed sensitivity and what-if analysis for valuation process
- Closely worked with sales and trading infrastructure to minimize the financial risks
- Provided brokerage and investment advisory services
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