Sunday, December 28, 2008

Passive house and others of this design get all the heat and hot water they need from the amount of energy that would be needed to run a hair dryer

I have just finished Hot, Flat, and Crowded by Thomas Friedman, it was a very interesting book. Today the NY Times has an article titled No Furnaces but Heat Aplenty in 'Passive Houses'

From the outside, there is nothing unusual about the stylish new gray and orange row houses in the Kranichstein District, with wreaths on the doors and Christmas lights twinkling through a freezing drizzle. But these houses are part of a revolution in building design: There are no drafts, no cold tile floors, no snuggling under blankets until the furnace kicks in. There is, in fact, no furnace.

In Berthold Kaufmann’s home, there is, to be fair, one radiator for emergency backup in the living room — but it is not in use. Even on the coldest nights in central Germany, Mr. Kaufmann’s new “passive house” and others of this design get all the heat and hot water they need from the amount of energy that would be needed to run a hair dryer.


I wonder how that would work in Princeton where I live, we sometimes get 100 degrees Fahrenheit and 95% humidity in the middle of the summer. Could that house cool itself in that kind of heat? I doubt it.

Saturday, December 27, 2008

Cat steals fish from person fishing

Got this in the inbox today. I always liked cats more than dogs, I can see people having certain dogs because they are useful. What is the point of a chihuahua? Get a cat instead, you want a cat that behaves a little like a dog then get a siamese cat.









Monday, December 15, 2008

A Christmas Story ...

When four of Santa's elves got sick, the trainee elves did not produce toys as fast as the regular ones, and Santa began to feel the Pre-Christmas pressure.

Then Mrs Claus told Santa her Mother was coming to visit, which stressed Santa even more. When he went to harness the reindeer, he found that three of them were about to give birth and two others had jumped the fence and were out, Heaven knows where.

Then when he began to load the sleigh, one of the floorboards cracked, the toy bag fell to the ground and all the toys were scattered.

Frustrated, Santa went in the house for a cup of apple cider and a shot of rum. When he went to the cupboard, he discovered the elves had drank all the cider and hidden the liquor. In his frustration, he accidentally dropped the cider jug, and it broke into hundreds of little glass pieces all over the kitchen floor. He went to get the broom and found the mice had eaten all the straw off the end of the broom.

Just then the doorbell rang, and irritated Santa marched to the door, yanked it open, and there stood a little angel with a great big Christmas tree. The angel said very cheerfully, 'Merry Christmas, Santa. Isn't this a lovely day? I have a beautiful tree for you. Where would you like me to stick it?'





And so began the tradition of the little angel on top of the Christmas tree.....

Sunday, December 14, 2008

Bernie Madoff's Ponzi Scheme Victims: The List

Ouch there are some high profile names in this list of victims. I read about this in the weekend edition of the Wall Street Journal but now I have found a nice list online.

Tremont Capital. Fund of funds. Lost "hundreds of millions". (announced on CNBC)

Maxam Capital Management LLC. Combined loss of $280 million. "I'm wiped out," said Sandra Manzke, Maxam's founder and chairman. The Darien, Conn., fund of hedge funds will have to close as a result of the losses, she said. (WSJ)

Fairfield Greenwich Group. Bloomberg: The biggest loser may be Walter Noel’s Fairfield Greenwich Group, whose $7.3 billion Fairfield Sentry Ltd. invested with Madoff’s eponymous firm, three people familiar with the matter said... Fairfield Sentry has a record of more than 15 years with an annual return of 4 to 6 percentage points above benchmark interest rates, according to a marketing document dated this month that was prepared by Zurich-based NPB New Private Bank Ltd. On an absolute basis, returns exceeded 10 percent every year from 1991 through 2000. Since then, they ranged from 6.4 percent to 9.8 percent...The strategy is a “split-strike conversion,” where the investment manager buys shares of large U.S. companies and enters into options contracts to limit the risk, the document says.

Fix Asset Management. Bloomberg: Fix Asset Management, which had an account worth at least $400 million with Madoff Investments. The firm said it’s checking with lawyers about the holdings. “We are very shocked,” John Fix, the son of founder Charles Fix, said by phone from Greece. “We put in redemptions in the past few months and got our money back no problem. We are just so surprised about all this.”

Kingate Management Ltd. Bloomberg says $2.8 billion Kingate Global Fund Ltd. invested with Madoff.

Thyssen Family. Source sends the following: Thybo Investments grew out of a family office for Thyssen. They have been in fund of funds it seems since 1989. Thybo International is a "proper" fund of fund but it's newer share class G invests only in one manager - and i'm 99% sure it's Madoff as the returns are almost the same. Some more info. The fund started in Jan 2007. Ernst & Young. Luxembourg are the auditors. UBS Luxembourg is the administrator. Thybo states on their webpage: "Our track record incorporates audited financial statements at both a composite firm-wide and individual portfolios level."

Ira Roth's family. WSJ: Ira Roth, a New Jersey resident, who says his family has about $1 million invested through Mr. Madoff's firm, is "in a state of panic." He said his 86-year-old mother-in-law has been living on the investments' returns, and he has been using the funds to pay college tuition.



That is just crazy, those numbers are approaching the bailout

More details here: http://clusterstock.alleyinsider.com/2008/12/bernie-madoff-hosed-client-list

Friday, December 12, 2008

After 3 days of trying to take a picture for Christmas cards...

After 3 days of trying to take a picture for Christmas cards this is what we decided upon. It is good we have digital cameras otherwise we would have developed 10 rolls of film.

Pic For Christmas Card

we were going to do this one originally but decided to give it another shot and I think it turned out well

Xmas Pic