Sunday 28 February 2010

Off the Sphincter Scale

I took a walk through the rubble strewn streets of my neighbourhood. I encountered people huddled in doorways and on street kerbs with their blankets. Some people had outstretched hands looking for a few pesos to help alleviate their sad situation. It was starting to get dark but children's voices could still be heard. Dogs barked wildly only to be outshouted by the screams of ambulance and fire engine sirens. Breezes caught debris and rubbish and it blew what it could about the streets. It's a desperate time and Santiago is a desperate city.

Yes, my neighbourhood is a shithole. That was Friday. Then to make matters worse, we have an earthquake!

The vast majority of Santiago is a complete eyesore. And, again. I'm talking pre-Earthquake 8.8. Post-quake, it's a little difficult to discern what is actual damage and what is just the natural state of this ugly city.

Friday 12 February 2010

Heads and Tales

The Japanese call it fat finger syndrome. It has nothing to do with sumo wrestling but rather the keying errors made by financial traders under severe stress. A trader's number pad will have the usual keys 0-9 and also a couple of extra ones for 00 and 000. These extra keys are an invaluable aid in reducing keystrokes and completing transactions quickly in the frenetic environment of a trading floor. Numbers, especially when dealing in yen, can run to 15+ figures. Unfortunately, these two extra keys, 00 & 000, are located beside one another on the keypad. Imagine you want to purchase 100 shares of company X. The price is right and you want to make a quick purchase before the price changes. You pump the keypad twice, 1 & 00, and hit enter. Unfortunately you don't quite make a clean contact with the 00 key and you inadvertently hit the 000 key as well!! You are now the proud owner of 100,000 shares in company X. The financial tickers on Bloomberg, CNN, et al are awash with the news that company X has been taken over by an unknown Far East buyer.

It's an easy mistake to make you mumble to yourself as you sit on the kerb holding a box of your things that had once populated your desk on the 45th floor of Makushita Towers. And anyway, the mistake was easily rectified the next day.