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Beleaguered mortgage-market giant Freddie Mac said Wednesday it expects to restate earnings for the past three years higher by $1.5 billion to $4.5 billion, a shift that will likely crimp future profits.The government-sponsored
stanley cup company, which ousted three top executives earlier this month and is under investigation by federal prosecutors and securities regulators over its accounting, acknowledged that the correction is expected to reduce its income by an equivalent amount during the next few years and make its financial
stanley isolierkanne results more turbulent.The cumulative increases related to these adjustments will have offsetting effects in future periods, the company said in a news release. These accounting policy changes will cause greater volatility in Freddie Mac s financial statements for prior periods. Freddie Mac believes there also will be significant volatility in its results in future periods. The company said the errors were mainly due to its accounting for gains from derivatives, complex financial instruments it uses to hedge against swings in interest rates and from mortgage securities.Billionaire investor Warren Buffett recently called derivatives financial weapons of mass destruction, saying they posed a threat to the nation s financial system. Derivatives played a role in the stunning collapse of Enron in late 2001. Congress created Freddie Mac and Fannie Mae to buy home loans from banks and other lenders to su
stanley cup pply ready cash to the home mortgage market. The com Orop The Art of Uploading Militant Groups Propaganda On Hosting Sites
FLIR, or Forward-Looking Infrared, has long been a staple technology for militaries around the world, allowing operations under the cover of night without the blinding shortcomings of conventional night vision goggles. And slowly but surely, this heat-sensing imaging technology is working its way into the consumer m
stanley cup arket. Specifically, onto your iPhone. At the Association for Unmanned Vehicle Systems International AUVSI expo in Washington, DC last week, FLIR the company debuted a commercial prototype of its FLIR the technology iPhone sled. The sled is still very much a work in progress and designed primarily to show off the company line of tiny Quark camera cores. These cores measure just 3/4 of an inch thick and have a max resolution of 640 x 480 0.3 megapixels 鈥攇ood enough for nighttime ISR missions aboard the Armys RQ-11 Raven but not quite the quality you ;d find on Instagram. Still, with the the setup debuted last week, which used a 9-mm lens, one could easily 8220 pot a person at about 300 yards, FLIR CEO Andrew Teich explained to Popular Mechanics. There no word yet on when, or even if, FLIR will jump into the mobile market as the company is still looking into the general feasibility of mass produ
stanley cup cing such devices. But really, who wouldn ;t want this killer feature while stalking an elite team of soldiers through a South American rain forest [Popular
stanley mug Mechanics Image: FLIR]
