Bloomberg has a great interactive visualization on their site cataloging the over $1.2Trillion in public money that the U.S. Federal Reserve gave to various banks and companies during the financial crisis. Digging through 29,000 pages of secret documents and spreadsheets, they found 21,000 loans and compiled this fantastic database. The graphs show not only the sheer magnitude of the loans, but how the loans correspond in time to the collapse of several big-name entities, such as the shown above graph of Lehman Brothers.
Lehman Brothers Holdings Inc.* – Liquidity Lifelines: Tracking Fed Loans to Banks – Bloomberg.
Professional video editing powerhouse Avid released their quarterly financials, and they’re nothing to brag about. Opening with an $11M loss in the 2nd quarter, they’ve got lots of excuses:
Avid blames the net loss in the quarter on a wide variety of issues: amortization of intangible assets, stock-based compensation, loss on asset sales, a legal settlement, acquisition-related costs, restructuring recoveries, and charges and related tax adjustments. Even without these mitigating factors, Avid says it would have shown a net loss in the quarter of approximately $3.9 million.
Surprisingly, their product revenues were actually up just a bit this quarter, as were service revenues. With any luck, this is just a 1-quarter hit from the issues above and not the first sign of an SGI-esque decline.
via GraphicSpeak » Avid posts $11 million second quarter net loss.
Gregor Aisch gave a recent sneak-peek of some OpenSpending visualization work that has resulted in a new visualization method he calls “radial bubble trees”. Built entirely in web-friendly technologies like HTML5 and SVG, it’s a highly-interactive method of diving into the data.
We recently re-implemented the bubble visualisation from WDMMG to make it more re-usable for almost every dataset. Our main aim was to use it in the OpenSpending explorer which lets users explore and analyse government spending in a fun way. We now call the visualisation radial bubble tree, or just bubble tree, because that’s what it actually does: displays tree datasets in a radial layout with bubbles representing the individual nodes. For our purposes, each node represents a budget item.
via New Visualisations for OpenSpending | Open Knowledge Foundation Blog.
Data Visualisation and Quantitative Easing explained by Ciaran Hughes in the Daily Telegraph
Click for Fullsize
NVidia has just released their 3rd quarter financial reports and they look great. This is the first full quarter since the Fermi has been available, the results show GAAP gross margin of 46.5%, up from 16.6 percent last quarter, a GAAP net income of $141 Million.
“We have turned the corner,” said Jen-Hsun Huang, NVIDIA’s president and chief executive officer. “We have restored our speed of execution and are regaining share in desktops. Only seven months after shipping our first processor based on the Fermi architecture, we have begun production on seven more GPUs, including the GeForce GTX 580, which sets a new standard for performance. The Fermi architecture is now in every segment of our desktop, notebook and workstation product lines.
via NVIDIA Reports Financial Results for Third Quarter Fiscal 2011 – MarketWatch.
The State Of The USA website has an interactive graphic showing job growth and loss across the private sector, federal government, and local governments from 2007 to present. Some of their observations:
- Local governments cut 38,000 jobs in July, but lost 128,000 since the recession began.
- State governments trimmed 10,000 jobs in July and lost just 6,000 jobs since December of 2007.
- The federal government eliminated 154,000 jobs in July, but gained 262,000 jobs since the start of the recession.
Don’t be too surprised tho. The huge jump in federal jobs is (I’m pretty sure) related to the Census, so they’ll all be laid off (many already are).
Hit their site to see the numbers.
The State of the USA | Still In the Red: The Recession’s Impact on Job Growth.
NVidia’s quarterly financials were announced yesterday, and NVidia wound up taking a pretty big hit this quarter. What was the culprit? Well, as usual the Recession and Lacking Consumer Demand made an appearance, but the big hit was the $193.9M charge related to settlement costs in the class action lawsuit related to their notebook chipset problems.
“Rapidly changing market conditions made for a challenging quarter,” said Jen-Hsun Huang, Nvidia’s CEO and president. “We delivered excellent results in Quadro professional graphics, Tesla GPU computing, and our Tegra system-on-a-chip business. But our GeForce consumer business fell significantly short of expectations amid weak PC demand in Europe and China. Although demand among end-users remains uncertain, we expect to drive revenue and grow market share with new products that are gaining momentum in each of our businesses.”
Nonetheless, NVidia released several new products right at the end of the quarter (new Quadros, 3D Vision Pro, new GeForce’s like the 460), and they’re getting great reviews in the wake of new stuff like StarCraft2. Plus, they must be doing something right if a $193M writedown became only a $141M loss in the quarter. Hopefully with that out of the way, next quarter will look up again.
via Nvidia Announces $141 Million Net Loss in Q2FY11.
Researchers and financial analysts are still trying to figure out what exactly happened on the May 6th “Flash Crash”, where the stockmarket took a huge hit and instantly bounced back, causing confusion and panic around the world. While the exact cause remains elusive, researchers have begun to notice some strange behaviors in the data that seem related to the various HFT systems.
While analyzing HFT (High Frequency Trading) quote counts, we were shocked to find cases where one exchange was sending an extremely high number of quotes for one stock in a single second: as high as 5,000 quotes in 1 second! During May 6, there were hundreds of times that a single stock had over 1,000 quotes from one exchange in a single second. Even more disturbing, there doesn’t seem to be any economic justification for this. In many of the cases, the bid/offer is well outside the National Best Bid/Offer (NBBO). We decided to analyze a handful of these cases in detail and graphed the sequential bid/offers to better understand them. What we discovered was a manipulative device with destabilizing effect.
The analysis shows some obvious non-organic effects that lend some credibility to the theory of deliberate manipulation.
Flash Crash Analysis – May 6′th 2010 – Part 4 – Nanex. via “It’s not a Market, It’s an HFT Crime Scene” via Infosthetics