Inario

Le blog de Keyvan Nilforoushan

Archive for the category “economie”

A la pêche

Sunset Fishing

Footnoted.com lit les publications annuelles des sociétés cotées et attire l’attention sur les informations – souvent croustillantes – remisées dans les notes de bas de page.

Celle-ci est particulièrement exceptionnelle :

During fiscal 2008, the Compensation Committee determined that maintaining a lease on a private airplane was no longer a cost-effective method for providing business-related transportation to our Named Executive Officers and Directors. The airplane was used only for business-related travel, and personal use was not permitted.

With the termination of the lease on the airplane, it also became increasingly difficult and cost prohibitive to access our Canadian fish camp. Consequently, the fish camp, which was only used for business entertainment purposes, was offered for sale during 2008.

The only offer to purchase the fish camp came from Terry L. Haines, our former Chief Executive Officer and President. Ultimately we negotiated with Mr. Haines to sell the fish camp for a purchase price of $55,000 and the transaction closed during fiscal year 2009.

via Gone fishing — seriously… | footnoted.com.

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Coller warns of private equity ‘scandal’ and calls for greater transparency

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Déjà en 2005 …

The result of the opacity of performance data across the industry was a persistence of mediocrity, [Jeremy Coller] said. ‘The private nature of private equity has allowed too much poor performance to be hidden by smoke and mirrors,’ Coller said.

He proposed four steps that fund managers should make compulsory to improve governance; a requirement for all funds to be audited by one of the big four accounting firms, the use of custodians by PE firms, no-fault divorce clauses in all limited partners agreements, and the complete abolition of deal by deal carry.

via Coller warns of private equity ‘scandal’ and calls for greater transparency.

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Durée médiane du chômage

Alors qu’il devient de plus en plus clair que l’information sur le nombre de chômeurs n’est, en soi, pas suffisante pour estimer l’ampleur du phénomène, on entend de plus en plus souvent citer le nombre de chômeurs de longue durée.

Cependant, si cet indicateur est déjà meilleur, Greg Mankiw analyse sur son blog un autre axe : la durée médiane du chômage aux Etats-Unis. Cette durée est significative, parce que par définition, 50 % des chômeurs sont aux chômage depuis au moins aussi longtemps.

La courbe est assez inquiétante, atteignant des durées jamais vues dans un passé récent :

Durée médiane du chômage en augmentation forte

Durée médiane du chômage

Article originel : Median Duration of Unemployment, Greg Mankiw

Parcmètres et embouteillages

Another Broken Parking Meter

Des études citées par Marginal Revolution montrent que les voitures à la recherche de places de parking génèrent de 30 à 45 % de la circulation des quartiers d’affaires américains.

Pourquoi ? Simplement un effet secondaire du prix insuffisant des parcmètres souvent 5 fois moins cher que les places de parking. Ces derniers en effet s’adaptent tout de suite à l’inflation, alors que les municipalités doivent subir des procédures longues et compliquées pour changer le prix du stationnement public :

Several studies have found that cruising for curb parking generates about 30 percent of the traffic in central business districts. In a recent survey conducted by Bruce Schaller in the SoHo district in Manhattan, 28 percent of drivers interviewed while they were stopped at traffic lights said they were searching for curb parking. A similar study conducted by Transportation Alternatives in the Park Slope neighborhood in Brooklyn found that 45 percent of drivers were cruising.

…What causes this astonishing waste? As is often the case, the prices are wrong. A national study of downtown parking found that the average price of curb parking is only 20 percent that of parking in a garage, giving drivers a strong incentive to cruise.

Lire l’article originel : Parking fact of the day (marginalrevolution.com)

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