The point I would make is the intent of the idea behind these contracts was lost over time due to contract wording. These contracts were initially run after public pressure/speculation (in the first instance) on Turbotax to resign.]]>
> Contract closed at $1 folks. Decision can be read
> here
Good firm decision admin, and i bet you are glad this one is over!]]>
> Contract closed at $1 folks. Decision can be read here
Thanks, Matt.
It is good that you have followed the contract definition formally and took into account possible interpretations and all available information, not just media hype.
P.S. If there won't the clause about the 3 January 2011, the outcome would be opposite, despite some traders suggestions to close the contract in September and December.]]>
Thanks admin, I think that was the right decision. In fact I think that was 983 times the right decision!]]>
> ..... last chance to dump your shorts Dutching! :)
Do you want to buy some? (:P) What's the offer you can afford ?:
]]>BUT I also dont know what is going to change now to get that clarity.]]>
> Are we getting any closer to closing?]]>
@dutching
If Larry really hadn't departed then surely he would have been expected to attend the official handover (given he would have been still in the role - at least according to you).
Where is he?
This from your beloved website.
Where is he?
P.S. Please don't mention gender changes or facial reconstruction surgeries.]]>
http://voices.washingtonpost.com/political-economy/2011/01/economic_agenda_friday_jan_7_2.html
Quote
At 11:30 a.m. -- President Obama is expected to name Gene Sperling as head of the National Economic Council, replacing the departing Lawrence Summers.
http://thecaucus.blogs.nytimes.com/2011/01/07/the-early-word-debt-and-jobs/
Quote
Mr. Obama is also expected to announce that Gene Sperling, currently a counselor to Treasury Secretary Timothy F. Geithner, will replace Lawrence H. Summers as the new director of the National Economic Council, the White House’s top economic policy job.
http://www.reuters.com/article/idUSN0629389220110107
Quote
Sperling's pick to replace Larry Summers at the economic council follows Obama's naming of a new chief of staff and the resignation of his press secretary, as the president shakes up his team after Republicans took control of the House of Representatives this week.
According to these media reports, the replacement and departure announcement is expected, and thus not happened yet.
P.S. and yes, English is not my first language, so we were taught formal English grammar at schools.]]>
> Is English not your first language?
Who cares if it is? no need to resort to ad hominem attacks.
It was just some crazy blah that has non-zero probability.
-Like aliens have abducted people/ elvis is alive
I usually preview my comments before posting but I've given up in this thread.]]>
> Per my earlier post, is there a risk of getting
> this wrong if we close it now?
there's always a chance that they announce a successor and 10 years later they say, just tricking it was summers all along --- so maybe we shouldn't close it for at least 10, maybe 15 years to be safe???]]>
> ... Coincidentally, according to my previous
> employers website I'm still an associate of a firm
> I left over a year ago... I wonder if I can claim
> back pay?
Ahhh... but does said "former" employers website say it provides timely and accurate information?]]>
It is a requirement that it is "announced or widely understood to be permanent" The many press reports quoted make it clear that it is widely understood to be permanent and that it has occured on the last friday of the year.
... Coincidentally, according to my previous employers website I'm still an associate of a firm I left over a year ago... I wonder if I can claim back pay?]]>
> that website you constantly bring up is clearly
> out of date and irrelevant to the contract
that website is:
[www.whitehouse.gov]
]]>Quote
The White House provides timely and accurate information about the President's latest events and public statements. Here you'll find photos, video, and blogs, as well as proclamations, executive orders, and press releases.
> ECrampton Wrote:
> --------------------------------------------------
> -----
>
> > Can the folks pushing the short side POINT TO A
> > SINGLE ARTICLE that says he's still on the job?
> 1)
> [www.whitehouse.gov]
> irector
>
> > No. Nothing. Just innuendo based on cryptic
> > readings of what the word "replaced" might
> mean.
> 2)
> As of now, Larry is not replaced: true/false?
>
> What does 1) and 2) mean logically? Larry is not
> a Schrödinger's cat, so how he can and can't be
> in the White House simultaneously?
It's fairly clear from the large number of reports that he is no longer in the job regardless of whether he left within the contract period or not that website you constantly bring up is clearly out of date and irrelevant to the contract
Edit:
Also #2 this isn't a contract on when he will be replaced]]>
> Can the folks pushing the short side POINT TO A
> SINGLE ARTICLE that says he's still on the job?
1)
[www.whitehouse.gov]
> No. Nothing. Just innuendo based on cryptic
> readings of what the word "replaced" might mean.
2)
As of now, Larry is not replaced: true/false?
What does 1) and 2) mean logically? Larry is not a Schrödinger's cat, so how he can and can't be in the White House simultaneously?]]>
of course relevant local stocks are being ignored while perpetual BS forever frontlines this forum about some freaking going-nowhere idiot called summers, but it's funny :)-D
Edit: Disclaimer: er that's not to say he hasn't gone anywhere as it sounds very much like he has, or is an actual idiot]]>
First:
SecondQuote
Along with the announcement about Volcker, Obama is expected to announce a new director of the National Economic Council, a role Larry Summers vacated in December to return to Harvard.
Quote
Just days after leaving his post as National Economic Council director, Summers has agreed to take a break from forming young minds at Harvard this May to keynote the 17th Annual Alpha Hedge Bermuda Global Hedge Fund Summit, alongside luminaries such as Michael Burry, Daniel Arbess, and Blackstone's Byron Wien. [IMN]
Can the folks pushing the short side POINT TO A SINGLE ARTICLE that says he's still on the job? No. Nothing. Just innuendo based on cryptic readings of what the word "replaced" might mean.
I cry for rationality if the short side folks actually believe what they're here peddling. Pushing BS in hopes of a miracle, I can understand. But Jeebus.
Edited to remove the cursing, on thinking better of it.]]>
> Since when it became 'widely understood' that
> Larry departed?
> Any particular date in mind as it is required for
> the judging?
well duh... since the mainstream press widely reported that Summers departed on the friday before new year.
for heavens sake Dutching ...]]>