steve2470
steve2470's JournalThe NY Fed spends $53 billion to rescue the overnight lending market
Source: CNN
New York (CNN Business) Borrowing rates skyrocketed on Tuesday in a corner of the markets the public rarely notices but that is critical to the functioning of the global financial system.
The spike in overnight borrowing rates forced the New York Federal Reserve to come to the rescue with a special operation aimed at easing stress in financial markets.
It was the NY Fed's first such rescue operation in a decade, the last occurring in late 2008.
"It's unprecedented, at least in the post-crisis era," said Mark Cabana, rates strategist at Bank of America Merrill Lynch.
Read more: https://edition.cnn.com/2019/09/17/business/overnight-lending-rate-spike-ny-fed/index.html
In full: Boris Johnson interview from Luxembourg with BBC's Laura Kuenssberg
https://www.bbc.com/news/uk-politics-49717554The BBC's Laura Kuenssberg sat down for an interview with Prime Minister Boris Johnson after his meeting with the European Commission president Jean-Claude Juncker.
Here is the full transcript of what they said.
Laura Kuenssberg: You've just been with [European Commission president] Jean-Claude Juncker.
Do you feel you've made any progress since seeing him. I mean he could be the deal maker?
Boris Johnson: Yes. I mean obviously I've talked to him several times since becoming prime minister, but he's... I've known Jean-Claude for many, many years and he is a very, highly, highly intelligent guy and I think that he would like to get a deal if we possibly can, but clearly it's going to take some work.
Cats mastering different size doors
Kommen wir zu den wichtigen Fragen des Lebens = Let's get to the important questions of life (per Google Translate)
https://twitter.com/robvegas/status/1173149352522584065
Military Giant Cats
https://twitter.com/GiantCat9
https://twitter.com/GiantCat9/status/1171042246533287936
https://twitter.com/GiantCat9/status/1172804395895009281
https://twitter.com/GiantCat9/status/1172515038650929153
https://twitter.com/GiantCat9/status/1172441954392498178
https://twitter.com/HaleighHoffman/status/1171236338630299653
https://twitter.com/GiantCat9/status/1171341267315412992
https://twitter.com/GiantCat9/status/1171334683713556480
More at: https://twitter.com/GiantCat9
"People have died because of austerity, and you've got the cheek to come here and tell us....."
https://twitter.com/Channel4News/status/1172478890817839104Forget 8K, Sony's New 63-Foot 16K Crystal LED TV Is Now Available--for a Few Million
https://www.yahoo.com/lifestyle/forget-8k-sony-63-foot-210001870.htmlWhen a new gogglebox drops, it’s always the same drill: The screen gets bigger, the resolution gets better and the design gets bolder. Indeed, it’s difficult for a brand to stand out. Unless you’re Sony and the new TV your peddling is the size of a New York City public bus and also happens to boasts an unheard-of 16K screen.
Earlier this year when Sony unveiled the colossal 63-foot TV—the biggest 16K screen of its kind—it had commercial cinemas in its sights. But, hey, why should theaters have all the fun? Yesterday, the Japanese tech titan announced the Crystal LED display system will be available for home installation.
snip
The micro-LED technology works like OLED, but the modules—which each measure 16×18 inches in size at 360 x 360 resolution with three tiny LEDs per pixel—are much brighter, producing 1,000 nit of brightness even though they are half the width of a human hair. The screen also boasts a 99 percent black surface area to ensure high contrast and high resolution; blur-free images with high frame rates of up to 120p; and a nearly 180-degree viewing angle.
As you might expect, the setup is not cheap. Although Sony has not yet released pricing, each module reportedly costs approximately $10,000. That means the 4K unit (which has 72 modules) would sit at around $720,000, while the 16K screen (with 576 modules) might cost up to $5 million, according to Engadget. But think of the movie tickets you’ll save on having a cinema in your own home.
Isn't content still lacking for 4K, much less 8K or 16k ?
Phantom squatter of Torquay (UK) curls one out (defecates) on bloke's motor
https://www.theregister.co.uk/2019/09/03/idiot_poos_on_torquay_blokes_car/Yikes. You know what kids can be like – creepy.
Petrakis initially wrote the sprog's report off as a bad dream because "we thought she meant the flat roof" and "couldn't see anything".
But out of the mouths of babes comes truth and wisdom as he later found what DevonLive politely described as "a huge pile of human excrement on their car roof".
Another travel nightmare story
This European travel nightmare inspired this post. Mind you, his was far worse than mine.
Background: In February and March of 2018, I was in Germany to do tourist stuff. I spent the night with DFW and his wife and had a very lovely time. This travel nightmare occurred after I saw another friend in Hamburg. Getting to Hamburg by train was very easy. Coming home was not, and yes, I am sure it was my fault.
I had seen my friend at a nice restaurant in downtown Hamburg in the early evening. She had to go home around 7 PM, so I went to the Hamburg Bahnhof to wait for my train. The ticket said my train went from Hamburg to Berlin (where I was staying) around 9:30 PM.
At about 9:15 PM, a train pulled into the station. I looked at my ticket, and the details seemed to match up. I boarded the train and did not speak to any train employees (my first mistake).
About 9:30 the train took off. Around 20 minutes later the train pulled into a suburban station of Hamburg and stopped. I thought, ok, they are taking new passengers and letting off some. No big deal....until a female employee of the train company approached me and motioned for me to get off. I was very surprised and showed her my e-ticket on my phone. She was not moved. In German she told me to get off the train. I understood zero of what she said but it was obvious what she wanted me to do. So, I got off the train.
Panicking, I walked quickly to the Bahn ticket office (thank god it was open), asked an employee what was going on (train stopped there overnight for maintenance), and asked to buy a ticket back to Hamburg. I bought my ticket back to Hamburg and boarded the train (very very carefully this time) around 10 PM.
I got back to Hamburg around 10:20 PM. Now my panic had subsided and I realized I could buy a train ticket online with my phone. So, I searched for the best ticket to Berlin, since I didn't want to spend the night.
Talk about planes, trains and automobiles! I had to take a bus to Schwerin (ENE of Hamburg) and then another bus to Rostock (NE of Schwerin). Rostock is very close to the Baltic Sea, so it's very much northern Germany. Then, at 3 AM, I was scheduled to catch a train from Rostock back to Berlin.
Catching the bus to Schwerin was pretty easy. It was a very comfortable night-time ride through the German countryside. Catching the bus to Rostock was a bit more anxiety-provoking. I had to run very quickly through the Schwerin terminal to catch it, and thankfully the bus driver seemed in no hurry to leave. The ride from Schwerin to Rostock was also very pleasant, and I took a cat nap on the bus.
I arrived at the Rostock terminal at around midnight. My train to Berlin did not leave until 3 AM. So, I had 3 hours to kill in a zero celsius unheated train terminal with 5 other miserable souls. The bathrooms were locked (to prevent the homeless from sleeping in them) so that was a bit of a challenge.
The next 3 hours were some of the most miserable in my entire life. I resolved 1) to triple check trains from now on and 2) to wear insulated pants/long johns/etc since my lower half was a tad chilly. The signage for my train was a bit confusing, so I asked a train employee if the train in front of me at 3 AM was indeed going to Berlin. "Ja", he replied and nodded. I got on the train. My trip back to Berlin was uneventful, and I had a pleasant chat with a drug company sales representative who invited me back to Germany.
Hindsight ? Probably spend the night in Hamburg next time. Check the trains extremely carefully. I am not experienced in train transport nor in the German train system. Hope you enjoyed reading my little story 
Hypersonic sled travels at 6,599 miles an hour
Yes, I know this tweet is from RT, my apologies:
https://twitter.com/RT_com/status/1171993082910433280
German parties outraged as neo-Nazi elected small town mayor
https://www.bbc.com/news/world-europe-49632409Senior politicians in Germany's ruling parties have voiced anger at the election of a neo-Nazi as mayor of a town in the central state of Hesse.
Stefan Jagsch of the far-right National Democratic Party (NPD) was elected unanimously by seven councillors in Waldsiedlung, near Frankfurt am Main.
Mr Jagsch won because no rival stood against him. The small town has about 2,650 residents.
The NPD has survived efforts to ban it, but is seen as "anti-constitutional".
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