Diversions July 8, 2010

Ever Had One of "Those" Mornings?

We all know that some mornings its harder than others to get to work on time. 
Reported by

That said, a new CareerBuilder survey chronicles some of the most outrageous excuses hiring managers reported employees offered for arriving late to work:

  • I got mugged and was tied to the steering wheel of my car.
  • My deodorant was frozen to the window sill.
  • My car door fell off.
  • It was too windy.
  • I dreamed I was already at work.
  • I had to go to the hospital because I drank antifreeze.
  • I had an early morning gig as a clown.
  • A roach crawled in my ear.
  • I saw an elderly lady at a bus stop and decided to pick her up.
  • My dog swallowed my cell phone.      

The survey was conducted online within the U.S. by Harris Interactive among 2,720 hiring managers and human resource professionals (employed full-time; not self-employed; with at least significant involvement in hiring decisions; non government); and 5,231 U.S. employees (employed full-time; not self-employed; non government) ages 18 and over, between November 5 and November 23, 2009.  

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Products July 7, 2010

Invesco and Deutsche Bank Launch Leveraged Bond Exchange ETNs

 

On June 29 Invesco PowerShares Capital Management, LLC and Deutsche Bank launched two Exchange Traded Notes (ETNs) linked to CBOT Ultra T-Bond futures.

Reported by

According to the firms, the PowerShares DB 3x Long 25+ Year Treasury Bond ETN (NYSE Arca: LBND) and the PowerShares DB 3x Short 25+ Year Treasury Bond ETN (NYSE Arca: SBND) are the first exchange-traded products to provide investors with a cost effective and convenient way to take a leveraged long or leveraged short view on the performance of Ultra Bond futures. The ETNs are senior unsecured obligations issued by Deutsche Bank AG, London Branch, linked to the month-over-month performance of a total return version of the DB Long US Treasury Bond Futures Index or the DB Short US Treasury Bond Futures Index.  

The underlying assets of Ultra Bond futures are Treasury bonds with at least 25 years remaining term to maturity. The returns of each ETN are obtained by combining three times the returns of the relevant index with the returns of the T-Bill index, less investor fees. Investors can buy and sell the ETNs on the NYSE Arca exchange or receive a cash payment at the scheduled maturity or early redemption based on the performance of the index less investor fees.  

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For more information, visit http://www.dbfunds.db.com.

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