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          Лесная братва / Over the Hedge (2006) WEBRip 1080p | D, P2   
{full-story}
          "The Flight" Chapter 2 of Apurvai, a travelogue by P.L. "PuLa" Deshpande   
Many years ago, I translated chapter 1 from the 1960 book. You don't HAVE TO read it to follow this chapter, but it is recommended. Unlike my other translations which were done from audio files of PuLa narrating his work, this one has been done from the actual book. So even Marathis who've never read the book will find something new here. 

To set the stage a little, in this chapter, PuLa describes the experience of his first ever international flight. Based on the references to the Suez Crisis, I'm guessing it happened in 1956 or 1957. So almost 60 years ago! I was surprised to learn of the sheer number of stopovers flights had to make in those days. It is indeed a different era. But so much of what he writes resonated with me in terms of my experiences with international flights. Which is why I chose to translate this although it isn't as ROFLMAO funny as the previous chapter.

Usual caveats - Much of PuLa's humor comes from how he played with the Marathi language, and it can get lost in translation. But his observations and descriptions stay relevant even 55 years later.

Our flight to London from Santa Cruz airport was scheduled for 11 PM on August 20th. It wasn't my first time flying, but it was the first time I was flying to another country, that too on a huge airplane. I had been told to reach the airport about an hour before the flight. Even if I hadn't been told this, I would've gone there two hours before. Because even when I am taking an M.S.M. train (or as you kids today call it, Southern Railway), I go to the station an hour early. Even if I have a reserved seat. 

I find it convenient to allow that buffer for unforeseen but predictable events like getting on the wrong train, not being able to find my compartment, taxi to the station breaking down, heavy rain causing waterlogging, forgetting some important stuff at home and realizing it halfway to the station, forgetting to fill the water bottle, and of course, panicking every few minutes thinking that I have either forgotten the ticket at home or lost it. 

And of course, Indian Railways regularly contributes with unforeseen but predictable events of its own. Just as you've spread out a sheet on your berth and laid down, a railways employee comes and says the compartment has some problems, so we need to shift to another one. It takes about 45 minutes to find a porter, find the replacement compartment, and move all the luggage. It turns out that if you turn the lights on, the fan stops working, and if you turn the fan on, the lights stop working. Finally both are fixed, and when you go to the bathroom, there is no water in the compartment. So you have to stay awake till Lonand to find a guard and complain about it. If you're lucky, it'll get fixed by the time the train reaches Nira. Or then wait till Miraj at 5 AM so you can use the bathroom on the station. 

So even if you go very early to the station, there's no guarantee that your rail journey will be pleasant. I wonder if we are destined to ever get railways that take the responsibility of passenger comfort seriously. Until then, there are only two ways to travel without any problems - on foot like Vinoba Bhave or by air.

Or so I thought.

When I bought my tickets at the Air India office, the lady behind the counter had told me to reach the airport at 9 PM. And then, flashing me a disarming smile, suggested that I call the airline before leaving to make sure the plane wasn't delayed. So just as we were about to leave, I remembered that smile and mentioned this to the huge contingent of friends, family, and neighbors gathered at our house to bid us farewell.

"Haha, don't be an idiot! It's a plane, not an ST bus to be delayed. Airlines operate with second-by-second precision!"

A friend, who had never traveled an inch north of Malad or south of Kala Ghoda, said making me feel like an idiot in front of everyone. This guy has always had this publicly dismissive attitude towards me. I don't know why I am still friends with him. When I told him I was being sent to England by Doordarshan, his first reaction was,

"You??? Why??? Looks like the government has too much money to waste!"

When I first wore the suit mentioned in the previous chapter, he laughed and said I looked like a trumpeter from one of the Dhobi Talao wedding bands. Totally unnecessary snark. But he can't help it. So even though he had no first hand experience on the matter, he stayed true to his nature and ridiculed me for wondering if I should call the airline to check the flight status.

My wife called the airline office anyway. And we came to know that because the incoming plane from Tokyo hadn't reached yet, our flight was delayed by two hours. 

I winced. The idea of sitting in Mumbai's humidity for two more hours wearing a three piece suit, that noose-like tie, those damned expensive Chinese shoes, the nylon socks bought after the Middle East cooled down, and a thick coat meant for England's cold weather, was unbearable. I was tempted to take off all my clothes (except for one) and cal the whole thing off. 

"So....will the plane depart exactly two hours later than scheduled?"

Someone from the annoyingly large farewell contingent asked, and that question suddenly made our house explode into a pointless deliberation that made it resemble a legislative body debating a useless resolution.

"Will the plane leave two hours later or do you go to the airport two hours later?"

"But does two hours really mean two hours?"

"But what does a plane coming from Tokyo have to do with an Air India flight going to London?"

"Let's say the plane reaches earlier than estimated......will it still leave two hours late or earlier than that?"

"Let's say that Tokyo flight is delayed by four hours instead, will your flight leave two hours late or four hours late?"

"Someone told me that last week a flight scheduled for midnight eventually departed after dawn. Is that true?"

"Are you sure it's a plane from Tokyo? Maybe it's Kyoto."

"I just called a friend of mine who works in a restaurant at the airport. He says there is some mechanical problem in this plane, and the Tokyo plane thing is just an excuse."

"So the flight might get cancelled?"

"Do they have a replacement plane? How many planes does All India Radio have anyway?"

"It's Air India, not All India Radio."

"Yeah, same difference."

"Mechanical problems......that's scary!"

"You both have life insurance, right?"

"Remember the plane that crashed at Cairo five years ago? My boss' nephew was on it. His wife got two million as compensation!"

"I've heard you can buy life insurance at the airport."

All this nonsense from people who had nothing to do with our travel whatsoever. I prayed to god to rescue me from this plane chaos by sending the plane he sent for Sant Tukaram. 

"I'm telling you guys. Instead of spending the two hours sitting at home, spend them sitting at the airport. Let's say they repair the plane early and it leaves before time. What are you going to do? It's not like you can catch it on the way. It's not the Barshi-Pandharpur passenger train. Hehehehe!"

So finally, following the over-cautious traditions of my train journeys, we reached the airport at 9:30 PM for a plane that was scheduled to depart at 1:30 AM. Some of my other friends and colleagues were at the airport already to see me off. They either didn't know that the plane was delayed, or even if they knew, they were aware of my over-cautious traditions. 

All my friends at the airport made me feel very awkward and also emotional by showering me with so many garlands and bouquets, that the airport officials thought I was a politician. And I had an epiphany at that moment - the greatest wealth in my life is my friends. If wealth were to be measured in friendships, I am probably richer than Tata-Birla combined. I have so many dear friends in so many walks of life! And so many of them had come late at night and out of the way to the airport to see me off. 

I felt touched but also embarrassed. Firstly, I still wasn't sure I could pull off the suit-boot look. Having such a huge audience for it felt weird. And then there were these garlands and bouquets. I was overwhelmed. I have gotten used to getting such attention at functions and award shows and suchlike. But on this occasion, I was feeling like I had an emotional debt to pay off. Just popping by to say goodbye is one thing, but these guys had come all the way to the airport!

My embarrassment was compounded by the fact that I hadn't really done or achieved anything to deserve all the attention that night. When I get such attention after a successful theater performance, it's okay. At least I gave them some happiness, and they are appreciating it. But that night, my wife and I were just flying to England like thousands of people do everyday. And yet my mob of friends at the airport had made me feel like I was doing something special. With a luggage full of such love and good wishes, I started feeling confident that even if all the engines of the plane failed, I could fly anywhere I wanted. 

The crowd of friends and all the flowers being heaped on me made the press photographers hanging around think that I was some big deal. They suddenly started snapping our pictures like paparazzi. In all this chaos, one of my friends went to the airport officials and convinced them to open a "VIP Lounge" for me. A sturdy fellow in a crisp uniform politely asked us to follow him to the VIP lounge. 

At that moment, my wife looked at me happily with an expression that said - "all these years that I have put up with you are finally paying off!"

As we were led into the imposingly plush VIP lounge, I started feeling even more awkward. Given our colonial history, I know that "England returned" has a certain halo attached to it. But I had no idea that the halo starts appearing even before you leave India. I started feeling worried about the possibility of a real VIP showing up and frowning at how our raucous farewell contingent had made the VIP lounge resemble Khandke's chawl. 

Even in all that chaos, I overheard one of the uniformed guys whispering to the other,

"Nowadays, any random person can become a VIP."

His colleague responded,

"Hoga koi Minister ka baccha nahi toh jamai!"

and walked away.

So I tried to appear and act as VIP-ish as possible. I went around folding my hands and solemnly thanking all the people who had come to see me off. Then I started giving away the garlands and bouquets to kids and being unnecessarily nice to them. Basically, emulating every aspect of VIP behavior that I could remember. 

A few of the professional photographers kept taking pictures of all this, and then offered to send them to me. They helpfully quoted a "professional" rate for it that was ten times what it would cost to get a photo taken in my neighborhood studio. But I was pretending to be a VIP and had to play the part. Once I parted with all the advance payments for the photos, the expression on my face finally came to resemble something that actually deserved to be photographs. I have no idea where those expensive photos are now, by the way.

Eventually there was an announcement that the customs check process had started, and we finally prepared to leave that VIP cell....I mean lounge. While leaving, I handed a generous tip to the uniformed guys standing at the door. The astounded expressions on their faces made me realize that real VIPs probably never hand out any tips. They hand out only two things - promises or threats.

We left the lounge and walked straight to the weighing scales near the customs area. I put our bags on it one by one and felt relieved when each of them were a pound or so less than the 44 pound limit. My wife on the other hand seemed a little disappointed and said,

"Hmpf, I guess we could have taken a few more papads then."

I ignored her and walked to the customs booth, standing in front of the officer with an appropriately guilty expression on my face.

This was the second time in my life that I had faced a customs officer. A few years ago, when returning from Goa (then a Portuguese territory) I stood in front of a customs officer for the first time. Everyone in front of me had been questioned extensively and had their bags checked thoroughly. So I was already terrified. Even though there was no reason to be terrified. In the entire crowd there, we were probably the only ones returning from Goa without as much as a tiny piece of chocolate. But customs booths are one of those weirdly imposing places where I feel nervous by default.

Some people are scared of a dentist's chair. Not me. I have been to dentists many times. One dentist actually turned my simple complaint of an aching tooth into an imperative to extract it with the glee of a professional sadist. It hurt so much, I think I actually saw a few angels waiting to welcome me into heaven. But even then, the next time I went to a (different, obviously) dentist, I went with the ease with which I go to Kulkarni's restaurant to eat bhajiyas. No fear or worries. But put me in front of a custom's officer and my heart starts racing.

There are many random entries in my list of "people I am irrationally scared of". For some reason, I am terrified of every liftman. Not afraid of the actual lift, mind you. It's not like I am scared that the lift will plummet to the basement or anything. I am just scared of the liftmen, at least in Mumbai, where almost all of them seem to have a cold blank expression on their face. I am also terrified of waiters in fancy restaurants. If one is standing next to me, I feel so nervous that I invariably spill something. I was never scared of male teachers, but female teachers always petrified me. And I can slap a doctor on his back and sing songs with him even when he is in the middle of surgery, but when it comes to nurses, my hands start trembling even if I am handing them a note. I have no idea why I carry these bizarre fears in my heart.

That customs officer I encountered when returning from Goa had insulted me rather painfully! I still shudder and shed a tear when I think about it.

When it was my turn, he asked me my name, address, and profession. Those days, I earned my living in a college fostering deep hatred for literature among the students. As soon as I told the officer that I was a Professor, and that too of Marathi, he just looked straight into my eyes, and with an expression conveying immense pity, said,

"You can go."

He didn't ask to search my luggage, didn't ask me if I was carrying any contraband, didn't even ask me if I had anything to declare. With utter conviction that I lacked the ability or the means to smuggle in alcohol, gold, cigarettes, or anything like that, he sent me on my way. I have never felt more humiliated. I would've preferred it if he had instead put me through a two hour long interrogation under a bright lamp.

So that day in Mumbai airport, I was wondering if the customs officer in charge of examining departing passengers would be more respectful. He looked at my bags, then glanced at my face, and then wordlessly made some chalk markings on the bags and waved me through. Rude, isn't it?

Next my wife and I went to Passport Control. Our passports had been issued two years ago and were valid for three more years. But one of my friends in the farewell party had authoritatively said, 

"Ohhhh.....just three years validity left? That might create problems. Good luck!"

I nervously handed over the passports to the officer. He glanced at them for a nanosecond and returned them to me. I was less worried about the validity and more worried about the passport photo. But the officer had evidently discovered some similarity between my passport photo and the way I actually look. Once we were done with that, a health officer quickly made sure we had taken the necessary vaccinations and we were done.

Once we got the "worthy of traveling abroad" certification from Pandit Nehru's people, all we could do was wait for the plane to leave. It was past midnight. The departure area at Santa Cruz is decorated and furnished in a very modern way. There are lots of comfortable couches and chairs for passengers to relax in. But my wife and I were sitting there uncomfortably, feeling out of place.

There was a European couple sitting in front of us. They seemed confused by Indian currency. These were the days when paisa coins co-existed with anna coins and the poor visitors had no idea if the many coins they had were worth five rupees or five annas. Hoping to give them a happy memory of Indian hospitality, I jumped in to offer unsolicited advice and ended up compounding their confusion even more. Finally my better half stepped in, sorted the whole thing out, and informed them that Indian women have a much better understanding of money than Indian men. 

The European couple left for their flight and I started looking around at other fellow-passengers. With a parochial mindset, I went around to see if there were other Marathi folk there, and soon met a man named Patil and a student named Joshi. I was there representing the Deshpande name. All we were missing was a Kulkarni. If we had found one, we would have had Patil-Joshi-Deshpande-Kulkarni, the four pillars of the ancient Marathi administrative set-up. Sadly there was no Kulkarni on that flight, but it did end up having a pilot named Nadkarni. Nadkarni is essentially the South Kannada version of Kulkarni, so I guess we ended up with the full set eventually.

 Around 1 AM, the plane's wings must have fluttered because suddenly, there was a lot of activity around us. The crowd started walking in one direction, and we went along. I looked at the glass barrier at the customs desk and saw our contingent was still patiently waiting. The elders had tears in their eyes and the younger lot looked like they were cracking stale jokes at our expense and passing them off as new. 

When we eventually reached the gate, I confirmed three times that it was the right plane. Or else we'd wake up the next morning in Cochin instead of Cairo. I still carried emotional scars from the night at Pune station that I got on a train to go to Kolhapur and woke up the next morning to find I was in a compartment parked in the Pune railway yard. I have always had the kind of luck where I take a girlfriend to watch a movie on the sly and run into a nosy old relative who decided to come watch the same movie. And I couldn't afford to let that luck mess up international travel. 

There was an air hostess standing at the door, welcoming us with an unnaturally wide smile. The rest of the crew, dressed in crisp dark trousers and skirts and blindingly white shirts, sporting wing shaped lapel pins and painstakingly groomed mustaches, was darting about doing their work. We reached our seats and stared out the tiny oblong window at the terminal, wondering if our friends and family were still there. 

Once I was in the seat, I assured myself that despite all apparent obstacles, it now seemed like I would definitely go to England, and fastened the seat belt around my stomach. The engines started humming and the fans started rotating one by one.   The plane got going. After zooming along the ground for a mile or so, it slowed down and stopped at the other end of the runway. 

As soon as it stopped, I started fearing the worst. The plane had already been delayed by mechanical problems. I wasn't sure if they had fixed the problems completely or had postponed some repairs. Maybe now they'd discover more problems. I also carried emotional scars from bus drivers who'd make passengers board on a scorching hot day, bake them in that tin box for an hour while they waited, and then open the bonnet of the bus to examine what's wrong with the engine. 

Luckily, nothing like that happened. In a couple of minutes, the plane started moving again, then sped up, and eventually left terra firma in a graceful glide. I watched the airport rapidly disappear from my view and before I knew it, Mumbai started resembling a gem-laden ornament below us. In that ornament, four million people were probably dreaming as they slept, while I sat with wide open eyes, realizing my childhood dream of foreign travel. 

And next to me was my soul mate and my life partner accompanying me on this adventure. Over the previous twelve years, we had built many castles in the air together, while never feeling tempted to build a house on the ground. We never stayed in one place for more than 2-3 years anyway. We had in common a huge appetite for new challenges and new experiences. And the latest one was to be living in England for 5-6 months.

Our flight had been in the air for a while, and the plane was completely dark as was the sky outside, but I still couldn't sleep. The plane was completely packed and experienced travelers were already snoring. Our air-hostess was Japanese. She was promptly and efficiently offering candy and nuts to travelers with a studied smile straight out of the training syllabus. Her walk was brisk and her voice had the crispness of springtime. 

I was feeling really hot. That damned suit on my body started feeling like clunky armor and I again cursed myself for wearing it on the plane. I looked around and was taken aback when I noticed at an Englishman sitting in front of me. Here I was, wearing a brand new three piece suit because I was going to his snooty country. And this dude was sitting there looking very relaxed in khaki shorts, a flannel shirt with some twenty five pockets, and a flimsy felt hat that did not match.

So I discreetly looked around at the other white people on the flight. Not a single one of them was dressed even as remotely formally as I was. Sitting there overdressed in that damned suit in the middle of the night, I started feeling like even more of a neophyte than I already was. 

Suddenly the Japanese air-hostess appeared with a small wet towel on a plate. I eyed the towel suspiciously for a second. I had no idea what purpose a wet towel was supposed to serve at two in the morning. But I was brought up never to turn a plate away, so I picked up the towel and thanked her. I looked at my wife to see if she had any suggestions, but she was fast asleep. I slowly glanced across the aisle and saw that the guy there was gently rubbing the towel on his face. I did the same, and the cool cologne scented fabric gave me some relief from the intense heat I was experiencing. 

Our massive jumbo jet was slicing through the darkness leaving cities and mountains behind. I was finally feeling a little drowsy. Almost everyone around me, including my wife, was already asleep. That Englishman with the khaki shorts was in fact trying to drown out the noise of the engine with his own booming multi-octave snores with his mouth open. The ex-subject of Her Majesty's realm inside me felt relieved to observe first-hand that even the English can snore with their mouths open. Because once our travel plans were made, I was a bit worried about that. 

You see, I am one of "those" too. But over the course of my life, I have come across some impressively loud snorers. My grandma says that people with big hearts and minds snore the most. I don't know if there is any correlation between big bodies and big hearts and minds - I won't mind if there is. I started thinking a lot about snoring and hearts and minds. I do remember that I spent a lot of time thinking about it. But I don't know for how long, because the next thing I knew, I was waking up to the dawn's early light.

Our plane was flying over a huge desert. I noted how different this dawn was from any other dawn I had experienced in my life, thousands of miles over a limitless desert. This experience, coming right after I had experienced a darkness so different from any other darkness I had experienced in my life, spurred some philosophical and metaphorical thoughts. It felt like I was witness to the dawn of a new phase of my life. I thought about my recent years and realized that I hadn't really experienced real dawn in years. In Mumbai's fast-paced hectic life, by the time my day ended, it was usually well past midnight. So by the time I usually woke up, dawn would have given up on waiting for me and slid away, making way for harsh sunlight. 

Our Japanese air-hostess, still looking as fresh as a dew-kissed flower, was making the rounds with hot fortifying beverages for the morning. I have never found those beverages particularly fortifying immediately after waking up, so I politely declined her offer of tea or coffee. Instead, I got up and headed to the bathroom. Taking care not to wake up or bump into any of the other passengers, I tiptoed my way to the front, and slowly opened the door to what I thought was the bathroom. Instead I found myself face-to-face with the fine gentlemen flying the plane. It was the cockpit door! I guess the expression on my face gave away what my need was because the co-pilot, without saying anything, pointed me to the correct door. 

I finished my morning ablutions and returned to the seat to find the "fasten seatbelts" sign flashing. By the time I was able to find the belt and buckle it up, the plane had started its rapid descent. I looked out the window and saw that we were headed to a desert island surrounded by more desert. I assumed it was Cairo, our first stopover. I started looking around the landscape in the hopes of spotting some pyramids. By the time I spotted a bump that I thought was a pyramid and was about to point it out to my wife, the plane was touching down, and before I knew it, it was standing stationary in a foreign land.

I looked at the dinky terminal outside the window and was a little disappointed that a city as renowned as Cairo should have an airport that looks more like an ST bus stand. But once we got off the plane, I learned that we were not in Cairo, but in some place called "Bahrain" instead. I felt a bit like Columbus who reached land confident that he was in India but then discovered that he was instead in some strange land he did not know anything about. And I felt relieved that I had not pointed out those supposed pyramids to my wife.

I had never heard of Bahrain before and had no idea where the hell it exactly was or why we were there instead of Cairo. But we walked into the terminal and headed for the restaurant. I learned that there were oilfields nearby and that Bahrain is a small island nation that is known for its oilfields. That was pretty much all we learned about the place. 

We sat in the restaurant, ordered tea, and waited while the plane was refueled. The tea arrived after a long time. One sip of that concoction and I was convinced that in Bahrain, they used dried date palm leaves in lieu of tea leaves and the milk probably came from a camel instead of a cow. Over the course of my life, I have tasted many different kinds of tea......except of course the spilled tea from Mongini's mentioned in the previous chapter. Tea served in small glass tumblers in Mumbai, tea served in mud bowls on the banks of the Narmada, tea served in metallic cups in Madras, masala milk tea, railway station tea flavored with charcoal, tea without milk, tea without sugar, and even Chinese tea made from jasmine flowers. But I will never EVER forget that horrible tea from Bahrain airport. I will happily drink the bitterest castor potion than drink that tea again.

Well, at least the tea was free, because it was paid for by the airline.

Pretty soon, the plane was ready and we all climbed back into its belly. The plane took off soon and headed for Cairo. The flight from Bahrain to Cairo was essentially just desert after desert after desert. Once in a while, just as a change of scenery, there would be a small strip of water. But otherwise, totally barren. Not a single glimpse of green. 

And that's when I really understood why the green flag of Islam came was hoisted in these deserts first. The prophet was very clever in choosing the color green for his flag. It is obvious why millions of Arabs enthusiastically followed that rare pleasant colored flag. I'm sure that the green flag was as instrumental in the spread of Islam as the Koran was. Add to it the moon that the desert dwellers probably equated with the relief provided by night, and I felt I had to applaud the prophet for his grasp of semiotics. 

It was about 8:30 in the morning. I was staring at the desert out the window hoping to spot a camel train. But in vain. I did spot a lot of dry river beds though. Soon the sun got really bright and the glare made it difficult to keep looking outside. Soon our plane moved from the sea of sand to a sea of water. Being geographically challenged, I first decided it was the Red Sea, then the Caspian Sea, then the Black Sea, and then the Dead Sea. I still have no idea which one it was.

A while later, there were murmurs all around that we were flying over the Suez Canal. All passengers looked out the windows, identified the first strip of water they could find, and assured themselves that it was the Suez Canal. Again, no idea if any of those were actually the Suez Canal. From the height we were flying at, every strip of water looked as tiny as the Fergusson College canal in Pune. But in one strip, I spied some dots that seemed like boats and I silently convinced myself that it was indeed the Suez Canal. It was hard to believe that this tiny strip of water was responsible for almost starting World War 3 and almost sinking my travel plans.  

When your plane is flying so high that you can only see the sky and clouds above you as well as below you, you can't help but get philosophical. You forget any fears you have about the plane crashing. Looking at creation from a height that makes even seas look like saucers of water makes you realize how insignificant you are in the whole scheme of things. As our plane flew towards Cairo, I couldn't help but realize that I was looking at the cradle of civilization. These deserts were where the Babylonian, Sumerian, and Assyrian civilizations had once bloomed. Where the library of Alexandria was once home to millions of of books that were burned. I'm assuming some Big Four or Big Five must have had a summit even then and decided that burning books was in the best interests of the world.

As impressive as the sights of great oceans, great skies, and great lands is while flying, one look at the great space when flying above clouds make them all pale in comparison. And you start wondering what the whole point of creation is, and whether you make any difference to it whatsoever. 

Our plane was about to reach Cairo soon and I started thinking about it. Egypt is an ancient civilization, much like India. Historians have discovered that trade and cultural links between Egypt and India date back millenia. This is the land that saw rich culture flourish for millenia even before Christ was born. And when Christ was born, the bright star that shone was above these lands too. This is the land where Jews, Christians, and Muslims found their faiths and then unfurled the blood-soaked flags of those faiths.

I was in the middle of these thoughts and didn't even realize when I dozed off. The next thing I knew, someone was yelling "KAHIRO!!!!", waking me up.

The first sight I saw at Cairo airport was of battle-ready fighter jets. Next to them were imposing anti-aircraft guns with their barrels pointed to the sky. The stage seemed to be set for the next big war. The only question seemed to be which actors would enter the stage first and who the director would be. Actors from dozens of countries seemed to be ready, with war-paint on, or make-up on. Who knew when the final act would start and when it would end.

When I read a big sign that said, "WE WELCOME YOU TO EGYPT", I felt like someone had sprayed a stream of cold water on my face on an oppressively hot day. Why shouldn't all human beings be welcomed heartily all over this little planet of ours? Although as long as there exist things like passports and visas, built on an assumption of distrust of fellow human beings, can we really expect true expressions of such humanity? The sign that said "WE WELCOME YOU TO EGYPT"....to any "you" who reached there, regardless of race, religion, gender, creed.....why shouldn't such signs and more importantly sentiments, be displayed everywhere?

The funny thing is, this "WE WELCOME YOU TO EGYPT" sign was right next to the massive anti-aircraft guns and the irony endemic to human existence tickled me and troubled me in equal amounts.

We headed to the restaurant inside the terminal. The waiters there were very friendly and polite, and served us some divine Egyptian coffee. Compared to Mumbai airport, I thought Cairo airport was small. There was a lot of new construction happening around us though. Egypt is currently in the midst of writing a new chapter in its history. Everybody is watching carefully to see which way their new statesman (Nasser) takes them.

It was in Cairo airport that I first encountered Egyptian people. And as I examined their appearance carefully, I wondered how many Egyptians there might be in Mumbai too. Because in terms of appearance, I didn't really see any major differences between Egyptians and Indians. Beyond the facts I had memorized in my childhood to score 2 marks in the history exam, such as pyramids, mummies, pharaohs, and the Nile river, my knowledge about Egypt was as barren as their desert. I had never even thought about anyone living in Egypt other than Cleopatra, General Najeeb, and now this Nasser fellow.

Suddenly, I was overcome by a profound sense of ignorance and curiosity as a foreigner in a foreign land. And sitting there in the Cairo airport, I started thinking about how day-to-day life in Egypt must be and how I knew nothing about it. How do school teachers, lawyers, and bureaucrats here dress? Is it similar to how those folks dress in India? What is the most popular item in a typical restaurant in Egypt? Do wives here refer to their husbands by name or is there some tactful pronoun that has been coined for the purpose like in India? With each passing second, the expanse of my ignorance about this fascinating culture seemed to exceed the expanse of the desert.

Then I started thinking about the people who worked at that airport. For them, a typical day consisted of interacting with travelers from dozens of different countries, for maybe an hour or two at a time, before they went on their way and were replaced by a different set of foreigners. Do they feel the same sense of curiosity and note their ignorance about other cultures? Or has it become just a mundane feature of their lives by now? Do they actively notice the multi-colored lattice of different races and nationalities or does it just pass by in the blink of an eye like a frame from a cinema reel?

I spent the rest of the time in Cairo thinking about all this before we were called back to the plane. The next stopover was Geneva in Switzerland. As our plane surged through the clouds, we gradually left the desert behind and were soon traveling over Europe. Specifically, Italy, as the pilot informed us.

While I was almost entirely ignorant about Egypt except for its ancient history and contemporary politics, I at least knew more about Italy thanks to all the books I had read. Names like Rome, Venice, and Naples started swimming around in my head. I decided that if the plane had to crash right now, I would want it to do so near Naples. I had read that Naples was home to some of the most awe-inspiring sculptures in the world. So if my plane crashed in Naples, I could drag myself to those sculptures, see them first hand, and then die happy.

Yes, I know it is morbid to keep pondering the possibility of the plane crashing but that's how I am and be honest, aren't you too?

But the plane kept going. I kept looking at the Italian landscape underneath and we didn't see Naples or Venice. But we did fly over Rome. It was hard to miss. As I looked at the distant but clear images of various buildings and cathedrals in Rome, I first felt a great sense of satisfaction at seeing them first hand. Then I compensated for the unfamiliar bliss by berating myself for still not having read Gibbon's "The Decline and Fall of the Roman Empire" even after buying it years ago. I made a mental note to read it as soon as I returned home.

When you're flying over different countries of the world, you think more about what you haven't read about those lands than what you have read. In another hour or so, our plane was flying over the gorgeous alps and I realized we were in Europe's Eden.

Soon the plane touched down in Geneva. I had heard a lot of cautionary tales about how the cold in Europe is way worse than anything I might have experienced in India. I experienced it first hand as I walked into the Geneva airport and felt like I had walked into a massive refrigerator. And this was just August! So I shivered a little and prepared for six more months of this inhumanly cold weather. No wonder these white folks ran away and captured our warmer lands.

As soon as I stepped into the chilly Geneva airport, my brain initiated a flashback from 20 years ago from my college days in Pune. I had grown up in Mumbai, where it never gets even remotely chilly. Then in Pune in the winters, every so often, I would wake up to such a chilly morning. It felt more bracing than oppressive, making me feel like running all the way across the world. I had always thought cold weather would make me feel like a shriveled old man, but instead, it made me feel like a daring young man, ready to achieve anything!

Anyway, we walked into the restaurant at the Geneva airport and it looked more like a flower shop than a restaurant. The faces of all the staff members were fresh and enthusiastic like recently bloomed lilies. There was a spring in their step. It didn't look like anyone could ever age, and everyone looked like they were in their 20s even though they probably weren't. We were served coffee in a very elegantly crafted glass cup. And it tasted divine and almost intoxicating. I wondered that if even the coffee here gets my pulse racing so much, what will stronger beverages do? I had heard that Switzerland is a place where extreme beauty and extreme pleasure is the default and my experiences at their airport confirmed it.

I didn't even realize when that stopover at Geneva ended. It was cold, but I was surrounded by beauty, human and non-human, and I felt more alive than I ever had. Before I got back on the plane, I turned around and took a 360 degree mental picture of all I could see of Switzerland from that terminal. The tall trees sheltering cute little houses, the snow-covered peaks of the Alps kissing the deep blue sky. I promised myself to return for a more leisurely visit. When the plane took off, I was looking at a meandering little river as it flowed through the verdant Swiss countryside, when suddenly, our plane ascended above the clouds. And those fluffy white things that a few hours earlier had seemed gorgeous, now seemed like villains for blocking my view of the Swiss landscape. Our journey continued.

The next stop was to be at Dusseldorf in Germany, It had been over 20 hours since we took off from Mumbai. The hands of my watch had already been rotated many times by then. Every hour, the pilot made announcements about how high we were flying, what the temperature outside was, what the local time was, and so on. Passengers around us were saying random things in response to those announcements like, "Oh! 18,000 feet? That's nice! Very high!"

We were flying through clouds at that moment, so I personally couldn't tell the difference between 18,000 feet and 18 million feet. Honestly, this whole thing of estimating distances has been a challenge for me, whether I am in the air or on the ground. Whenever I read about some witness in court say stuff like "the accused was 19 feet away from me", I feel jealous of his ability to express distance so precisely. Because I absolutely suck at it. I can't even remember the inches in my own measurements for shoes, hats, collars, socks, and so on. When a shoe salesman asks what size I want, I just give him the chappals I am wearing then and ask him to figure it out. I have immense respect for people who go shoe shopping and say stuff like "Bring me Number 8 pairs".

And when someone remembers the precise date on which something happened, I feel overcome enough with admiration to go hug them. When I hear someone say stuff like, "I remember it was July 17th...", I am amazed. I suck at dates too. Which is why I always sucked at history in school. Even now, I remember only three dates - Shivaji Maharaj died in 1680, the 1857 uprising happened in 1857, and using multiple reminder mnemonics, my wife's birthday. Other than these three, I have no idea of any other dates. You can ask me when India gained independence and I will try to hedge between 1947 and 1950.

Anyway, the point is, I am horrible with anything that is expressed numerically. So even before I could figure out how high 18,000 feet exactly is, our plane was touching down in Dusseldorf. Before I knew it, we were surrounded by cries of "Achtung! Achtung!" and "Gut! Gut!". My wife and I walked to the terminal, now sick of this sequence of stopovers. Yes. I was in Germany with its rich history and culture and intriguing contemporary split between East and West, but I didn't give a damn. The aforementioned Joshi and Patil left us here and we sat there hoping that we'd reach London before we died of boredom.

Why does the final stretch of the journey always seem to last the longest? Even when I am traveling from Pune to Mumbai by train, it is the same. The time from Pune to Thane or Kalyan seems to breeze by in a happy procession of vada, omelets, chikki, etc. But from there, Mulund, Bhandup, Vikroli, Dadar, etc seem to take an eternity to pass by. Very annoying! It's the same with other trips too. When you're taking a train from Mumbai to Delhi, everything seems great until you reach Mathura, and then after that, things seem to slow down. If you're going from Mumbai to Nagpur. it is Wardha that is the tipping point after which it is all yawns and polite curses.

The flight from Dusseldorf to London seemed similarly annoying and yawn-inducing. Finally, after about the hundredth yawn, the plane started barreling downwards. All the passengers around us seemed to have perked up as the plane continued descending. Finally there was a bump and the plane started slowing down. And a few passengers around me echoed my thoughts,

"Ah! London!"



          Thoughts on Haider   
Watched Haider. Liked it a lot. But it certainly isn't Vishal Bhardwaj's best as some reviewers have suggested. It wasn't a masterpiece like Maqbool and Blue Umbrella were. It had its problems. And the problems weren't fundamental, but cosmetic. Which makes the problems all the more annoying.

It seemed like Michaelangelo's David wearing underwear because its creator didn't want some people to blush. Or the Mona Lisa with eyebrows penciled on at the last minute because Leonardo didn't want to deal with "but where are the eyebrows?" questions.  

You can see that there was a masterpiece hidden in there, but was robbed of its true form due to lack of total conviction or concerns about propriety. Ironically, it seems like Vishal had his own "to be or not to be" struggle about how much to push the envelope. And ended up undermining the end product. Not too much, but just enough to make it fall short of greatness.

Here are some disjointed thoughts about the movie.

1) The "Anti-Army" charges

Many self-proclaimed nationalists on Twitter have been bashing the film as being "anti-army". Haider isn't nearly as anti-army as Maqbool was "anti-police". Vishal cast two corrupt police officers in the role of the witches from Macbeth, and gave them a lot more mischief to do. Heck, Haider isn't even as anti-army as Hum Aapke Hai Koun is "anti-stairs" because if not for those damn stairs, Pooja would've been alive and Nisha and Prem would've gotten married without Tuffy having to exert himself.

A lot of this "nationalist" outrage against Haider is a by-product of the mass delusion that most Indians have willingly been a part of and ardently sought to perpetuate. The delusion that the idea of India is more inclusive and benign than it actually is. That if some folks in Kashmir or in the North-East don't consider themselves Indian, it's just stupid, their fault, and totally the handiwork of Pakistan and/or China. And....most importantly....that our army can do no wrong. It can't do anything dishonorable or horrible.

But our army sometimes.....often.... does dishonorable or horrible things. Mostly because as Shivam Vij explains, that's the army's job in situations like 1990s Kashmir.

If you watch the movie without having this naive hyper-nationalized romanticized notion of what the Indian army is, Haider actually seems to go somewhat out of its way to be respectful to the army and justify its perceived excesses. When a home is blown up, it is because a bonafide terrorist really is hiding in it. People are are tortured either are or are strongly suspected of being terrorists trained by Pakistan. And if innocent people are being incarcerated or killed, it's not the army's fault. It is due to misinformation from the conniving two-faced Ikhwan types.

2) Excessive Soapbox Usage

Vishal has so far occupied a level higher than other Indian directors because of how nuanced, layered, and yet powerful his scripts are. You're not hit over the head with blatant exposition of irony, tragedy, or even humor. 

Haider was a bit too "speechy". And I don't mean the soliloquies that Hamlet is famous for. In fact most of those were excised. I mean speechy in the sense that Vishal and Basharat Peer seeme to be almost compelled to give us a preachy soapbox exposition of almost every political perspective in the Kashmir issue. 

So you have the speech about Nehru's betrayal, and the speech about Kashmiri Pandits, and the speech about how violence isn't the answer, and the speech about how "azadi" is synonymous with joining Pakistan, and the speech about.......about about about......

To make matters worse, not only were the speeches utterly banal, but they also served as speed-breakers in the narrative. They were less Vishal Bhardwaj and more Mani Ratnam or Aaron Sorkin. 

The most poignant points about the whole issue were actually made in several vintage Vishal scenes, either sub-textually or organically. The chutzpah-AFSPA dialog for instance or the scene in which Basharat himself has a cameo. 

All those soapbox scenes, the movie could have done without. I couldn't help but feel that they were there for Vishal to hedge politically. Every one of those scenes was meant to mollify or assuage one of the stakeholders in  the Kashmir issue. It's like Vishal had a checklist and wanted to make sure everyone got their spiel in and nobody felt left-out. The end result ironically is that you will find several Indian nationalists, Pakistanis, pro-freedom Kashmiris, Kashmiri Pandits, and so on who think the movie is unfair to their perspective.  

3) Shahid Kapoor

Shahid put in a solid effort. He tried hard and stretched himself to the maximum. But it simply wasn't good enough. Especially in the second half when Hamlet in the play really comes into his element, Shahid Kapoor seemed instead to be channeling Sridevi from Sadma. 

The movie would've been better served by casting not Shahid, but an actor who won accolades for playing a guy named Shahid - Rajkumar Rao. At several points in the movie when Shahid's earnest but inadequate emoting was making me cringe, I closed my eyes and tried to imagine Rajkumar Rao in the same scene.

          TS172:50 Shades,Grammys,Matt Moore, Frozen Men   
Are you seeing 50 Shades? Did you see what Kanye did to Beck at the Grammys? Bryan and Erin did, and they have some soft opinions on both of them. Plus, an ex-gay blogger named Matt Moore defended the conservative church's views on gays by saying "we're not as bad as ISIS." And hedge fund founder Jonathan Hoenig went on Fox News to say that government intrusion with vaccines would lead to forced abortion. Fun? Fun.    Subscribe and Rate Us! iTunes Tweet Us!  @gibblertron & @bryansafi Use the Hashtag #tspod Email Us! shadethrowing@gmail.com Like Us! Throwing Shade Facebook Page Old School Listen! RSS Feed
          The ugly side of going green   
I live in a semi-rural neighborhood.  I have lovely neighbors with lovely lawns.  So lovely in fact, with their lush green lawn, perfectly trimmed hedges, and aromatic roses, it can be a pinch of harsh reality when I turn toward my yard, a veritable field of sand and weeds.  My spirits dip.  A field full.  I(...)
          "The Clenched Fist of Truth"?   
This is not the NRA I thought I knew.



The old concept was always that an armed citizenry could hedge against government tyranny. That's not what is on offer here.
          Global Hedge Trimmer Market 2017-2021 – Key vendors are American Honda Motor, ECHO, Husqvarna, Robert Bosch, STIHL & The Toro Company – Research and Markets   
Global Hedge Trimmer Market 2017-2021 – Key vendors are American Honda Motor, ECHO, Husqvarna, Robert Bosch, STIHL & The Toro Company – Research and Markets
          세가 포에버(SEGA Forever)... 스마트폰으로 돌아온 콘솔 게임 명가 세가의 클래식 게임 부활 프로젝트...   

세가~♬


클래식 게이머이고 레트로 게임을 좋아하는 유저라면 소닉을 필두로 다양한 비디오 게임과 콘솔 게임기를 선보였던 세가(SEGA)를 기억하실 텐데요. 콘솔 게임기 전쟁에서 닌텐도, 소니 등에 밀린 후 게임기 대신 게임 개발로 연명하고 있지만, 그들의 좋은 시절에 대한 추억의 힘은 강력하고 실제로 여러 IP를 갖고 있는데요.


소닉부터 수왕기까지 세가가 준비한 레트로 게임 부활 프로젝트, 세가 포에버...


스마트폰 게임 전성시대를 맞아 자사의 고전 IP를 활용한 스마트폰 게임을 출시할 거라고 합니다. 이미 몇 가지 작품은 서비스를 시작했는데요. 이번 부활 프로젝트의 이름은 세가 포에버(SEGA Forever). 추억의 콘솔 게임을 고스란히 스마트폰으로 이식한 건 물론이고 외부 컨트롤러까지 지원하는데요. 광고가 추가되긴 했지만, 기본적으로 무료 서비스로 내놨기에 부담 없이 즐길 수 있을 것 같습니다.




아직은 일부 국가 우선 출시라서 국내에서 당장 즐기는 건 어려울 수 있지만, 2주 단위로 새로운 게임을 선보일 거라니 머잖아 추억 어린 세가의 여러 게임을 스마트폰에서 만나보실 수 있을 듯합니다. 일단 현재 출시된 게임들은 아래와 같으니 참고하세요.



- 소닉(Sonic the Hedgehog)                           안드로이드 다운로드                iOS 다운로드
- 판타지 스타 2(Phantasy Star II)                     안드로이드 다운로드                iOS 다운로드
- 코믹스 존(Comix Zone)                                안드로이드 다운로드                iOS 다운로드
- 키드 카멜레온(Kid Chameleon)                      안드로이드 다운로드                iOS 다운로드
- 수왕기(Altered Beast)                                  안드로이드 다운로드                iOS 다운로드


조이패드로 즐겼던 게임을 스마트폰으로 하면서 겪게될 조작감의 괴리가 살짝 걱정스럽긴 하지만, 주옥같은 세가의 콘솔 게임을 스마트폰에서 만날 기회. 제법 기대되지 않으세요?^^


[관련 링크: facebook.com/SEGAForever]


저작자 표시 비영리 동일 조건 변경 허락

          Investor: 'Pharma Bro' reported too-good-to-be-true returns   

An investor who put $300,000 into one of "Pharma Bro" Martin Shkreli's health care industry hedge fund testified Thursday that he reported eye-popping returns before abruptly shutting down the fund and ducking her demands to get her money back.

Prosecutors say the account shows Sarah Hassan was...


          (IT) Java Build and Config Engineer - Banking   

Rate: Negotiable   Location: City of London   

Role: Senior Java Build and Config Engineer - Banking Key Essential Skills Java Configuration Build & DevOps Engineer, SDLC, JERA, TeamCity, TDD, MSAzure, Solid background in automated testing. Investment Banking Knowledge of Apache Stack, Flink, Park, Ignite Outline Thebes Group Thebes Group is a leading UK wide IT Infrastructure Technology Consultancy. We are well-known for our extensive talent pool of highly competent IT professionals and exclusive academy Programmes, which provide a great opportunity to undertake technical training in core disciplines. Thebes work with a number of leading vendors, government, financial institutions and insurance companies including investment banks, brokers and hedge funds. To see our list of core capabilities please click here. Essential Experience Configuration/Build Specialist with extensive DevOps Proven Hands on Java skills including related tooling 5+ years' experience in Software programming languages - JavaScript and C++ to run Flink Experience with scalability and setting up/influencing code optimisation. Experience using Cloud based systems Solid understanding of software development life cycle (SDLC) methodologies such as Waterfall and Agile Experience working within a Financial Sector Role & Responsibilities Work constructively with other team members to discuss and solve technical problems Communicate effectively with other geographically-dispersed teams across the business unit Work in conjunction with Business representatives to understand and evolve business requirements and come up with pragmatic and supportable designs To analyse, design and build any such projects Manage projects through the full project life cycle Handle projects that deals with rating, billing and finance and in certain cases, complex projects require coordination with external systems Thebes provides IT solutions & services differently from most other IT service providers. As an Assured Outcome Provider (AOP), we have spent fifteen years willingly sharing the client's risk with them by focusing on outputs (ie quality service & solutions and return on investment ROI) rather than inputs (ie pricelists and headcount). We do this by fitting our skills, solutions & capabilities to needs, augmenting our staff with enthusiastic professionals from our Academy Programme and remaining flexible as our clients' needs change. Thebes Group is a leading IT services and technology consultancy based in the city of London and Milton Keynes. Thebes work with a number of leading Vendors, Government, Insurance and Financial Institutions including Investment Banks, Brokers, Hedge Funds. Established in 1992, we are a full service provider that is 100% focused on delivering client value. We design, develop and implement leading technology solutions and resources, which help you, run your businesses better. Thebes - Lead by Passion, Driven by Innovation and Dedicated to Results. Thebes may process any personal information supplied
 
Rate: Negotiable
Type: Contract
Location: City of London
Country: UK
Contact: Thebes Group
Advertiser: Thebes IT Solutions Ltd
Start Date: ASAP
Reference: JS-JALJAVA BUILD AND CO

          (IT) Senior Java Build and Config Engineer - Banking   

Rate: Negotiable   Location: City of London   

Key Essential Skills Java Configuration Build & DevOps Engineer, SDLC, JERA, TeamCity, TDD, MSAzure, Solid background in automated testing. Investment Banking Knowledge of Apache Stack, Flink, Park, Ignite Outline Thebes Group Thebes Group is a leading UK wide IT Infrastructure Technology Consultancy. We are well-known for our extensive talent pool of highly competent IT professionals and exclusive academy Programmes, which provide a great opportunity to undertake technical training in core disciplines. Thebes work with a number of leading vendors, government, financial institutions and insurance companies including investment banks, brokers and hedge funds. Essential Experience Configuration/Build Specialist with extensive DevOps Proven Hands on Java skills including related tooling 10+ years' experience in Software programming languages - JavaScript and C++ to run Flink Experience with scalability and setting up/influencing code optimisation. Experience using Cloud based systems Solid understanding of software development life cycle (SDLC) methodologies such as Waterfall and Agile Experience working within a Financial Sector Role & Responsibilities Work constructively with other team members to discuss and solve technical problems. Mentoring and coaching Communicate effectively with other geographically-dispersed teams across the business unit Work in conjunction with Business representatives to understand and evolve business requirements and come up with pragmatic and supportable designs To analyse, design and build any such projects Manage projects through the full project life cycle Handle projects that deals with rating, billing and finance and in certain cases, complex projects require coordination with external systems Thebes provides IT solutions & services differently from most other IT service providers. As an Assured Outcome Provider (AOP), we have spent fifteen years willingly sharing the client's risk with them by focusing on outputs (ie quality service & solutions and return on investment ROI) rather than inputs (ie pricelists and headcount). We do this by fitting our skills, solutions & capabilities to needs, augmenting our staff with enthusiastic professionals from our Academy Programme and remaining flexible as our clients' needs change. Thebes Group is a leading IT services and technology consultancy based in the city of London and Milton Keynes. Thebes work with a number of leading Vendors, Government, Insurance and Financial Institutions including Investment Banks, Brokers, Hedge Funds. Established in 1992, we are a full service provider that is 100% focused on delivering client value. We design, develop and implement leading technology solutions and resources, which help you, run your businesses better. Thebes - Lead by Passion, Driven by Innovation and Dedicated to Results. Thebes may process any personal information supplied in relation to your application. By providing your information, you consent to Thebes using
 
Rate: Negotiable
Type: Contract
Location: City of London
Country: UK
Contact: Thebes Group
Advertiser: Thebes IT Solutions Ltd
Start Date: ASAP
Reference: JS-JALSENIOR JAVA BUILD

          Political, currency instability strengthens the case for gold   
The volatile geopolitical environment and its effects on currency markets have strengthened the appeal of gold as an investment option and rand hedge for South Africans, says gold investment firm SA Bullion. SA Bullion MD Hilton Davies advises that local retail and institutional investors “seize the moment” and invest in gold, as global economic and political developments have aligned to deliver potentially outstanding returns on gold investment.
          Little Hedgehog   
Little Hedgehog

Little Hedgehog.

Unused design.


          Annecy Festival Distributes its Special Prizes   

 

 

 

Special Prizes

 
 

Under embargo till Friday 16 June, 7:30 pm
(Paris time)

 

Discover the list of films that won Special Prizes, congratulations to all the winners!

 
 

Festivals Connexion Award – Région Auvergne-Rhône-Alpes / In partnership with Lumières Numériques & Pilon Cinéma  

Nothing Happens

Uri Kranot, Michelle Kranot

DANSK TEGNEFILM, MIYU PRODUCTIONS

Denmark, France

Junior Jury Award for a Graduation Film

What a Peaceful Day

Eden (Kai-Hsun) Chan

TAIPEI NATIONAL UNIVERSITY OF THE ARTS

Taiwan

Junior Jury Award for a Short Film 

Valley of White Birds > La Vallée des oiseaux blancs

Cloud Yang

WOLF SMOKE ANIMATION STUDIO

China

Young Audience Award

Hedgehog's Home > La Maison du hérisson

Eva Cvijanović

ONF, BONOBOSTUDIO

Canada, Croatia

FIPRESCI Award

Negative Space

Max Porter, Ru Kuwahata

IKKI FILMS, MANUEL CAM

France

Best Original Music Award for a Short Film, sponsored by the SACEM

Radio Dolores

Katariina Lillqvist, Kusti Vuorinen

FILM COOPERATIVE CAMERA CAGLIOSTRO

Finland

Gan Foundation Award for Distribution

Petit Vampire > Little Vampire

Joann Sfar

AUTOCHENILLE PRODUCTION

France

"CANAL+ Creative Aid" Award for a Short Film

L’Ogre > The Ogre

Laurène Braibant

PAPY3D PRODUCTIONS

France

André-Martin Award for a 2016 French Feature Film

La Jeune Fille sans mains

Sébastien Laudenbach

LES FILMS SAUVAGES, PELLEAS FILMS

France

André-Martin Award for a French Short Film

Nothing Happens

Uri Kranot, Michelle Kranot

DANSK TEGNEFILM, MIYU PRODUCTIONS

Denmark, France

André-Martin Special Distinction for a French Short Film

Negative Space

Max Porter, Ru Kuwahata

IKKI FILMS, MANUEL CAM

France

City of Annecy Award

Maacher Jhol > Le Curry de poisson

Abhishek Verma

JAMUURA

India

 
 

open.php?pid=101638&cid=1262


          Index Funds?   
What are index funds and should you invest in them?

A few years back, a reader wrote that I should look into index funds.  And I did and bought some shares in a couple of them.  What are index funds?  They are just mutual funds - that follow some stock index.   There are a plethora of mutual funds out there, investing in everything from stocks to bonds, to government bonds, to whatever.   And each fund usually has some sort of goal or strategy.  Small Cap, Large Cap, foreign bonds, US bonds, Municipal Bonds, tech stocks, energy stocks, income stocks, or whatever.

And each fund has a fund manager or managers who manage the fund and decide what to invest in.  And for the most part, you have no idea on what they are investing in, on a day-to-day basis.   You can sort of get an idea from the prospectus and annual report, but you don't know what they are buying and selling in real-time.   You are leaving it to an expert to make sound decisions, and he generally gets paid more for making better decisions, so his interests are aligned with yours.

Compare this to hedge funds, where the managers get paid a percentage of the fund balance regardless of whether they make money or not.   You can understand why people are fleeing hedge funds these days - the overhead is high and the returns in recent years are not as attractive.

Mutual funds may have front-end loads or back-end loads or they may be no-load.   For a typical "load" fund may have to pay a fee upfront (deducted from your investment) when you invest, and often this fee goes in part to the salesman who sold you the fund.  Yes, that friendly "investment advisor" isn't working for oxygen, he needs food on his table.  And that is why, when you, as a young person, go to a "storefront" investment advisor (and you know exactly which one I am talking about - coming to a strip mall near you!) they really aren't interested in talking to you unless you have at least $10,000 to invest - so they can make $500 "advising" you which mutual funds to invest in.   If you are just starting out in investing, well, go fuck yourself.   Come back when you got some real money, kid!  (Or at least that was my experience when I was in my 20's).

Some funds have fees (back end loads) you have to pay when you sell shares in the fund.  The idea here is to encourage you to invest for the long haul, rather than trade. So they penalize you when you decide to sell.   And some funds are "no load" which seems to defy gravity.  How does a mutual fund company make money if they are not charging a fee?  Volume?  No, they have something called an expense ratio that they charge to the fund every year.  You don't see this as a line-item on your statement, but it is buried in the annual report somewhere if you look for it.  And no, the friendly storefront investment advisor doesn't mention it unless you ask, and even then....

And let me just say right here that I was invested in mutual funds for well over a decade before I understood any of this.   And yes, I had investment "advisors" tell me I was investing in a "no load" fund which turned out to have a 5% front-end load, of which the advisor got half.   When rolling over a 401(k) or IRA, be particularly aware of this.   You might, after a few years of hard work, accumulate $100,000 or more in your 401(k).   Your friendly "investment advisor" will suggest you roll this over when you leave the company.   And if you are not careful, he may skim 5% off the top when you move the funds to his company - as a State Farm rep once tried to do with me.

It seems that no matter what investment house you use, the want you to "roll over" your investments to their little playpen, and usually there is a reason for this - a monetary reason.   Caveat Emptor.

But there are "no load" funds out there, and these funds make their money for their managers through the expense ratio fees.  And some funds charge a lot, and some charge a little.  Vanguard has a lot of low expense ratio funds.  And of these, index funds usually have the lowest expense ratios.  Why?  Well an index fund, as the name implies, invests in a "market basket" of stocks that correspond to some market index, such as the Dow Jones Industrial Average (DJIA), the S&P 500, the NASDAQ Composite, or the like.

What are these indexes?  Well, that is the funny thing.  When people say "the stock market went up" or "the stock market went down" they are not talking about the entire market but an index instead.  The DJIA, for example, tries to measure the health of the market using a collection ("market basket") of stocks, usually "blue chip" type stocks.  And who is on this list of stocks and who is not, changes over time.  So in essence, the Dow, Jones people are "managing" your fund by determining what stocks are in the DJIA.   Your management company merely buys these stocks, takes a small, small cut as the expense ratio (like 0.15%) and then pays you the rest.

The advantages touted by such funds are many.   These indexes seem to go up over time far more than many "managed" investments.   People say if you just followed "The Dow" you'd make out better than most prognosticators, over time.   And since the expense ratios are tiny, you don't waste a lot of money on overhead costs.   For the mutual fund company, the costs are low, as a computer can basically trade the stocks automatically, as each person buys into the fund or sells out.

For example, Vanguard Total Stock Market Index Fund, states its goals as follows:
The Fund seeks to track the performance of a benchmark index that measures the investment return of the overall stock market. The Fund employs a "passive management" approach designed to track the performance of the CRSP US Total Market Index.
So in this case, the "index" is the "US Total Market Index" as determined by the Center for Research in Security Prices (CRSP).   This is an index that actually tries to track the overall market.   How does the fund perform?  What are they invested in ?   Well our friends at Morningstar (who I thought made breakfast sausages, but I was mistaken) have some data on this:

Performance  VTSMX More...


YTD 1 Mo 1 Yr
3 Yr  * 5 Yr  * 10 Yr  *

Growth of 10,000 10,970 10,142 12,299
13,026
20,251
20,256
Fund 9.70 1.42 22.99
9.21
15.16
7.31
+/- S&P 500 TR USD -0.42 0.22 0.59
-0.65
-0.20
0.07
+/- Category 0.40 0.21 1.36
1.41
1.11
1.05
% Rank in Cat 44 32 35
27
26
16
# of Funds in Cat 1,431 1,495 1,358
1,197
1,056
788
* Annualized returns.
Data as of 06/28/2017. Currency is displayed in USD.

Top Holdings  VTSMX More...


 
Weight % Last Price Day Chg % 52-Week Range


Apple Inc 3.00 144.57 -0.88
93.63 - 156.65

Microsoft Corp 2.02 68.98 -1.15
49.80 - 72.89

Amazon.com Inc 1.59 981.77 -0.84
710.10 - 1017.00

Facebook Inc A 1.41 151.34 -1.23
112.97 - 156.50

Johnson & Johnson 1.38 133.13 -0.50
109.32 - 137.00

% Assets in Top 5 Holdings 9.40

What is a little scary to me about index funds is that these indexes tend to include popular and trendy stocks.   I would not buy Facebook stock on a dare, but since I am invested in mutual funds, I end up owning some of it, although only 1.41% of the overall fund.

Should you invest in an index fund?  Sure, why not.  But not as the only thing you invest in.  Odds are, at your place of work, if you have a 401(k), one of the choices of funds to invest in, is an index fund.   I would not put all my eggs into one fund basket, though, as indexes do go down over time.

Which are the best funds?   Well, it depends on who you ask, and when.  "Investorplace" has a list of the 7 best funds, but they also have a list of 10.  Kiplinger has a list of "only five" funds you need to know about.   Even Motley Fool has a list.   Odds are, your investment house has some of their own funds.  Fidelity and Vanguard have them, I am sure Merrill does as well.  The real decision to make is which index to use and who has the lowest expense ratios.   It goes without saying that paying a "load" on an index fund is sort of pointless.   It is not like they are advising you or trading your shares.

The advantages are many.  It sort of puts your investments on auto-pilot.   The market goes up, you make money.  It goes down, you lose with everyone else (unless your particular index outperforms the overall market).  You don't have to worry about traders churning your account down to zero by making crappy trades.  It is a pretty brainless form of investing.

But for the most part, it is a risk-taking venture, and unless your index fund is indexed on a government bond index or something, you can lose money.   So putting all your eggs into the index-fund basket is, in my opinion, a bad idea.

          Traders who left banks for hedge funds heading back to banks   
Traders who fled banks for hedge funds are on their way back to Wall Street. This month, Barclays PLC hired Chris Leonard, a founder of ...
          Some Soccer News for Jun 30, 2017   
It's Day 181 of 2017.


Minnesota United's inability to win on the road goes back much further than this season. Last time they won any game on the road was Jun 1, 2016 in the US Open Cup at St Louis FC. Before that in NASL play it was Apr 10, 2016 at Edmonton. In 2015 they were just fine on the road. So what happened to this organization 14 months ago to change all this? Anything? Maybe nothing but the way the wind blows.

dN

After seeing 14 of the 22 MLS teams play this season I will say that New York City is the best attacking team (Atlanta #2) and Sporting Kansas City is the best defensive team (San Jose #2.)

dN

Liga MX Apertura kicks off on Jul 21

dN

Minnesota United

My MNUFC Notes:
  • Game Highlights [VIDEO]
  • Let me start by saying NYC is the best team I have seen this season.
  • Another rough night for the Loons. And again on the road. Outside of the ties at Colorado and Houston they have been pretty pitiful on the road. Its hard to watch at times.
  • And another goal for Ramirez. That's 10 this season.
  • On the goal Ibson fed JVenegas down the middle and JV cranked off a hard long range shot. NYC keeper Erik Johanen had a good bead on the ball but he bobbled it and Ramirez was the only one there to scoop it up and blast it over the prone keeper in to the net. Well done all around.
  • 1-1 at half time.
  • But again it was the 2nd half of the game that undid the Loons.
  • Cronin appeared to separate his shoulder in the 2nd half, but the doctor popped it back in to place and Cronin played on. Damn. I bet he needed Ibuprofen to get to sleep last night.
  • They should have subbed Cronin off immediately.
  • Minn made 1 sub, bringing on Jome for Ibarra in the 73rd.
  • I must keep asking, "What did Kadrii due or not due that keeps him glued to the bench?"
  • Lets say this: David Villa is incredible! But you can't let him beat 5 Minn players and the keeper while starting from the sideline all the way to goal and score. That was absurd.
  • Only after NYC got their 3rd goal and dropped off to secure the win did Minn get any real possession and apply pressure going forward.
  • Many of the Minn players put in good effort, but they simply were not good enough to compete. Too slow and a lot less desire to "want that ball."
  • It really seemed like NYC won every single 50/50 ball.
  • Taylor had a solid game. And made some big plays.
  • Here was my only tweet during the game:

  • There were a few moments of great interplay but again it ended at the top of the box.
  • And I am sure there were other good aspects of the game for Minn but I can't remember another one today.
  • That first away win for Minn still seems a long ways away.

Media:

Schedule/Results:
-Thu Jun 29
New York City 3-1 Minnesota
-Tue Jul 4
Minnesota v Columbus - 6:00pm CT on My29

Centerback Conundrum:
  • If Kallman remains out for next Tuesday then who plays centerback?
  • Calvo will be gone with Costa Rica (along with JVenegas.)
  • There is talk that Taylor could be gone with Jamaica.
  • Greenspan is out with a concussion.
  • That's it on the roster, they only have 4 centerbacks
.
A long article on the soccer life of Christian Ramirez. By Ives Galarcep for Goal.

dN

Sauce: du Nord Music Mix Vol 128 (download + extract)

dN

MLS

The story of the fall of Real Salt Lake. From Dell Loy Hansen to Jason Kries to Garth Lagerway to Bill Manning and all the way to Jeff Cassar. By Matt Pentz for ESPNFC.

There is a group of 6 teams at the bottom of the heap in MLS and they are all hard to tell apart game to game: Colorado, DC, Minnesota, Montreal, Philadelphia and Salt Lake.

Week 18 schedule/results:
(10 Games)
Thu Jun 29
New York City 3-1 Minnesota
-Fri Jun 30
Salt Lake v Orlando
-Sat Jul 1
Chicago v Vancouver
Dallas v Toronto
Kansas City v Portland
Montreal v DC
Columbus v Atlanta
Colorado v Houston
San Jose v LA
-Sun Jul 2
Philadelphia v New England

dN

USMNT

Friendly Schedule:
-Sat Jul 1
USA v Ghana - 3:45pm CT on ESPN
Pratt + Whitney Stadium - East Hartford

USA Gold Cup Roster
  • G: Brad Guzan - Atlanta United, Bill Hamid - DC United, Sean Johnson - New York City
  • D: Matt Besler - Sporting Kansas City, Omar Gonzalez - Pachuca, Matt Hedges - Dallas, Eric Lichaj - Nottingham Forest, Matt Miazga - Chelsea, Justin Morrow - Toronto, Jorge Villafana - Santos Laguna, Graham Zusi - Sporting Kansas City
  • M: Kellyn Acosta - Dallas, Paul Arriola - Tijuana, Alejandro Bedoya - Philadelphia Union, Joe Corona - Tijuana, Dax McCarty - Chicago Fire, Cristian Roldan - Seattle Sounders, Kelyn Rowe - New England Revolution, Kenny Saief - Gent, Gyasi Zardes - LA Galaxy
  • F: Juan Agudelo - New England Revolution, Dom Dwyer - Sporting Kansas City, Jordan Morris - Seattle Sounders

The place to watch the USMNT in the Twin Cities is Town Hall Brewery in the Seven Corners neighborhood of Minneapolis. They have some great rooms off the main bar with big TVs, and in the very back room a projection screen. Plus the staff is great, excited to see you, and the food is top notch. My beer drinking friends tell me the suds are excellent too (they are known for their award winning beers.)

dN

CONFEDERATIONS CUP

FINAL schedule
-Sun Jul 2
Chile v Germany - 12:pm CT on FS1

dN

Infamous London team Leyton Orient were all but history a few months ago. But a new owner from the USA is going to try to make it a real club again. By David Hytner for the Guardian.

dN

My columns for 1500ESPN.
-New article coming on Monday.



The Bird Is The Word


          Some Soccer News for Jun 29, 2017   
It's Day 180 of 2017.


Yesterday I posted du Nord Futbol's MNUFC midseason grades, and a few mid-season awards.

dN

The weird crushing failure of Ronaldo Fenomeno, my favorite player of all time, and his rebirth to glory with Brazil in the 2002 World Cup. By Amy Lawrence for the Guardian.

dN

US Open Cup

Oh what a night! Two 2nd division teams advanced to play each other in the Quarterfinals. And both did so in dramatic fashion.

Mitch Hildebrandt! Who had him listed as a 2017 US Open Cup hero??? He and the Cinicinnati defense stymied Chicago all game long, then stone cold blasted them in the Penalty Kick Shootout! Saving 3 of 4 PKs that Chicago attempted. Wow.
  • After the game Taylor Twellan of ESPN had a great quote about Hildebrandt who had just finished a TV interview with Julie Stewart-Binks: "The first live interview anyone's ever done while standing on his head."

The Cincinnati Enquirer is all over the story. Front page photos and the 4 top stories on the website are all FCC related.
  • One the papers "Regular Sports Guy" columnists even gets it. By Paul Daugherty for the Enquirer.

And down in Florida Kwadwo Poku got a breakaway and scored with the last kick of the game to push Miami over Atlanta!

The Cincy v Chicago game was live on ESPN too! Fantastic. And over 32k were in the stands.

There were so many great goals last night, but this was my favorite:


Ike Opara scored for SKC last night too. He is a centerback. And this is his 4 goal (in all comps) since Jun 4.

The Open Cup is a great tournament that should be celebrated loudly! By Steven Goff for the Washington Post.

A recap of all 7 games from last night. From US Soccer.

Round of 16 Results:
-Tue Jun 27
Dallas 3-1 Colorado Rapids
-Wed Jun 28
Cincinnati 0-0 Chicago Fire - Cin advances 3-1 in Penalty Kick Shootout
Houston Dynamo 0-2 Sporting Kansas City
New England Revolution 2-1 DC United
New York Red Bulls 1-1 Philadelphia Union - NYRB advances 5-3 in Penalty Kick Shootout
Miami 3-2 Atlanta United
San Jose Earthquakes 2-1 Seattle Sounders
LA Galaxy 2-0 Sacramento Republic

Quarterfinals schedule:
-Mon Jul 10
San Jose Earthquakes v LA Galaxy
-Tue Jul 11
Sporting Kansas City v Dallas
-Wed Jul 12
Miami v Cincinnati
-Thu Jul 13
New England Revolution v New York Red Bulls
-Semifinals Aug 8-9
-Final Sep 20

dN

Minnesota United

The team's first trip to NYC and Yankee stadium tonight. I'm sure they are excited. But there quality on the road has been so poor that I don't see them getting much from this game. I have no idea why they are so different than when they play at home, but they sure are.

NYC has lost just 1 time at home this season. And MNUFC has not won a road game. Is tonight the night that changes? Always possible. But not probable.
  • NYC does give up goals though. Defense is not their forte.

MNUFC trainers track the mileage the players are logging and how they are holding up when the schedule gets heavy. By Aaron Riess for the Star Tribune.

Schedule:
-Thu Jun 29
New York City v Minnesota - 6:30pm CT on My29

dN

Sauce: du Nord Music Mix Vol 128 (download + extract)

dN

One of the best new albums I have heard in a long time: Obnox - Niggative Approach (12XU)
  • Created by Lamont Thomas from Cleveland. I knew him from the scene at Used Kids Record Store in Columbus in the 90s, and knew him as Bim Thomas.
  • This album is just wild. I have called it Punk-chaos-nose-RnB meets one-man lo-fi Funkadelic.
  • Buy it right here at Bandcamp.

dN

Question and answer from Atlanta United team president Darren Eales.
Q: What has been the best moment on the field so far this season?
A: There have been some fantastic moments. For me, winning our first game. Going to Minnesota, first ever win, doing it in the snow.
Going into that game I was a little bit fearful. We had a team of South Amercians playing against a bunch of Scandinavians.
Us both being expansion teams, us scoring six goals, which was a record for an expansion team, all of that made it even sweeter.

  • Read the full Q + A here. With lots of interesting information, especially on attendance and merchandise. By Doug Roberson for the Atlanta Journal Constitution.

dN

MLS

Before Ashley Cole came to MLS he was known as a malcontent. A couple of years later and that is almost all but forgotten as he keeps his head low and his game solid. By Brian Straus for Sports Illustrated.

Things keep getting worse for Portland when you read the injury report: Diego Chara, Darlington Nagbe and Amobi Okugo have all been added to the list.

How does Sporting Kansas City keep its players, who have been very successful, motivated? By Matt Pentz for ESPNFC.

NYRB has signed goalkeeper Luis Robles to a contract extension. Good move.

Week 18 schedule/results:
(10 Games)
Thu Jun 29
New York City v Minnesota
-Fri Jun 30
Salt Lake v Orlando
-Sat Jul 1
Chicago v Vancouver
Dallas v Toronto
Kansas City v Portland
Montreal v DC
Columbus v Atlanta
Colorado v Houston
San Jose v LA
-Sun Jul 2
Philadelphia v New England

dN

USMNT

Dallas goalkeeper Jesse Gonzalez filed paper work to switch national team alliances from Mexico to the USA. FIFA approved that switch today. Welcome aboard Jesse.

Is there a USA-Ghana rivalry? By Jeff Carlisle for ESPNFC.

Friendly Schedule:
-Sat Jul 1
USA v Ghana - 3:45pm CT on ESPN
Pratt + Whitney Stadium - East Hartford

USA Gold Cup Roster
  • G: Brad Guzan - Atlanta United, Bill Hamid - DC United, Sean Johnson - New York City
  • D: Matt Besler - Sporting Kansas City, Omar Gonzalez - Pachuca, Matt Hedges - Dallas, Eric Lichaj - Nottingham Forest, Matt Miazga - Chelsea, Justin Morrow - Toronto, Jorge Villafana - Santos Laguna, Graham Zusi - Sporting Kansas City
  • M: Kellyn Acosta - Dallas, Paul Arriola - Tijuana, Alejandro Bedoya - Philadelphia Union, Joe Corona - Tijuana, Dax McCarty - Chicago Fire, Cristian Roldan - Seattle Sounders, Kelyn Rowe - New England Revolution, Kenny Saief - Gent, Gyasi Zardes - LA Galaxy
  • F: Juan Agudelo - New England Revolution, Dom Dwyer - Sporting Kansas City, Jordan Morris - Seattle Sounders

dN

CONFEDERATIONS CUP - Semifinals:

It was over after 6 minutes. Germany had put two in the back of the net and Mexico would not mount any attack until the dying minutes of the game. Germany heads to the Final.

Two great match ups in the Semis:
  • Yesterday - Euro Champ v S Amer Champ
  • Today - N Amer Champ v World Cup Champ

Schedule/Results:
-Wed Jun 28
Portugal 0-0 Chile - Chi adv 3-0 in Shots From The Mark.
-Thu Jun 29
Germany 4-1 Mexico


FINAL schedule
-Sun Jul 2
Chile v Germany - 12:pm CT on FS1

dN

My columns for 1500ESPN.



The Bird Is The Word


          New York Post: Investor: ‘Pharma Bro’ milked me for millions   
An investor from Arizona lost close to $5 million by investing in one of Martin Shkrelis failed hedge funds and said the Pharma Bro repeatedly pumped him for more money, 
          Before becoming 'Pharma Bro,' Martin Shkreli was sought-after Wall St. insider, testimony shows   
Sarah Hassan was new to the hedge fund world in 2010 when a long-time friend of her father suggested she meet a "rising star" in the industry: Martin Shkreli. The friend, Brent Saunders, the chief executive of pharmaceutical giant...
          The Big Read: 'Most hated man in America' goes on trial   
Martin Shkreli is odd, his attorney told a federal court today. The former hedge-fund manager's investors and colleagues made fun of him behind his back and wondered whether he was autistic. Some questioned his sexuality, the...
          AMB :- Pantera Capital to launch $100m Initial Coin Offering (ICO) hedge fund   
Komfie Manalo, Opalesque Asia: Blockchain technology and digital currency-focused investment firm Pantera Capital is planning to launch a $100m hedge fund that is focused in tokens that supports blockchain protocols. Ac...
Article Link
          Download Sonic the Hedgehog™ v3.0.2 Apk Mod [Unlocked]   
Download Sonic the Hedgehog™ v3.0.2 Apk Mod [Unlocked]. Good day folks, today AndroidYes.com love to share with you amazing android app. You can Download Sonic the Hedgehog™ v3.0.2 Apk Mod [Unlocked] below Descrição: O primeiro jogo do Sonic agora é gratuito para jogar e otimizado para os dispositivos móveis! Corra a velocidades alucinantes pelas sete […]
          Most Forwarded: Opalesque most forwarded article - week 26: Investing - U.S. hedge fund in anonymous bet against Tesco shares, Hedge funds made repeated attempts to invest in Veneto banks, Steve Cohen's Point72 takes stake in struggling electronics retailer Conn's, Hedge fund Excalibur bets Riksbank will tighten by end of year   
U.S. hedge fund in anonymous bet against Tesco shares From FT.com: A $20bn New York hedge fund is using an offshore shell company to anonymously bet against the shares of the UK supermarket Tesco, raising fresh questions over the efficacy of European short selling discl....
Article Link
           Sharing Ancient Wisdoms: developing structures for tracking cultural dynamics by linking moral and philosophical anthologies with their source and recipient texts    
Tupman, Charlotte and Hedges, Mark and Jordanous, Anna and Roueché, Charlotte and Lawrence, K. Faith and Wakelnig, Elvira and Dunn, Stuart (2012) Sharing Ancient Wisdoms: developing structures for tracking cultural dynamics by linking moral and philosophical anthologies with their source and recipient texts. In: Digital Humanities, 2012, Hamburg, Germany. (The full text of this publication is not currently available from this repository. You may be able to access a copy if URLs are provided)
          Hedge fund manager Kyle Bass: Our relationship with China has taken 'major step' for the worse   
One prominent hedge fund manager and bear on China said Friday that this week's developments in U.S. and Chinese relations signify a "tectonic shift."
          What Is Automatic Data Capture? How Hedge Funds Can Trade On Heaven-Sent Data   
Delegates at Newsweek and International Business Times' data science in capital markets event were mesmerised by a video of shoe box-sized satellites, known as "cube sats" being released into the earth's atmosphere. They were then shown the speeded up footage that was being captured: giant oil tanks with floating lids, rising like tides; ships being built from scratch in dry docks; burning flares from steel mills; a picture of the agricultural yields of the entire planet.
          4 bedroom semi-detached house for sale in bray, wicklow   
4 bedroom semi-detached house for sale in bray, wicklow Dng have the pleasure to present to the market no.48 newcourt road. coming for sale for the first time since the property was built in the early 1970's. this 4 bedroom home is in need of some modernisation and offers excellent extension potential in line with some fine examples besideby. with four bedrooms and three reception rooms this property is sure to appeal to families of varying sizes and ages. the accommodation comprises porch with sliding patio door. hall with under stair storage and closet. living room with great window overlooking the front garden and door to the dining room which overlooks the rear garden. kitchen with selection of cabinets and window overlooking the rear garden. tv / games room with window to front garden. lobby with steps down to the rear garden. upstairs there are 4 bedrooms and a family shower room.the walled front garden of no. 48 features a cobble lock driveway that provides off street parking for 2 cars bordered by flower beds. the very sunny rear garden enjoys a westerly aspect and will bask in afternoon and very late evening sunshine. there is a great patio area that will be the ideal entertaining and outdoor dining space, mature hedges, trees and a well-kept lawn. the newcourt road is a wonderful family friendly location that is both convenient to bray town centre, sea front and an enviable selection of primary and secondary schools. also within walking distance there are dublin bus, aircoach and dart services to dublin city and airport. viewing has to be arranged to appreciate the potential that no.48 offers along with the superb location that it enjoys.features4 bedroom family home in convenient location kitchen and 3 reception roomsaccommodation of approx. 120 sq moff street parking for 2 carssunny rear garden of approx. 19m x 8.5msuperb location close to bray town centredouble glazed windows and gas fired central heatingbasement storage room and attic storagegreat selection of schools within walking distanceber detailsber: f ber no.109672220 energy performance indicator:383.16 kwh/m/yraccommodationporch 1.85m x 1.37m hall 3.9m x 1.99mliving room 4.03m x 3.71mdining room 3.66m x 3.35mkitchen 3.9m x 3.33mtv / games room 5.74m x 2.38mlobby 2.65m x 0.92mlanding 2.93m x 1.87mbedroom 1 2.65m x 2.4mshower room 1.94m x 1.64mbedroom 2 3.68m x 2.97mmaster bedroom 4.04m x 3.16mbedroom 4 3.05m x 2.54mviewing detailsby prior appointment with the sole selling agent dng.
          Manager- Structural Interest Rate Risk   
Apply Online Requisition ID: 1839Join the Global Community of Scotiabankers to help customers become better off.Purpose of JobTrade Floor Risk Management - Liquidity and Interest Rate Risk (TFRM-LIRR) provides independent risk oversight of the Banks Treasury functions that: manage the Bank's funding needs; ensures that the Bank has sufficient liquidity; manage the Banks Investment portfolio; and hedges any market risk arising from interest rate or foreign exchange risk in the Bank's structural positions.The Manager will be expected to assist in the oversight of existing risk capture and reporting functions of the group. Duties will include generating and analyzing reports; assist in the adjudication and monitoring of risk limits; and investigating and tracking outstanding deliverables of the group.
          Hedgehog Illustration Print Ink Drawing Print Black & White Wall Art Woodland Cute Nursery Print Rustic Home Wall Decor Love Illustration by mikaart   

7.99 USD

"Just for you"
The hedgehog has a very prickly exterior - but that's just for defense from a scary world - inside he is very soft and cuddly!

- Print of original ink drawing.
- 4" x 6"
- Signed and dated

*Please note that you are purchasing the print only. Mat and frame, shown in one photo, are not included*

You have a choice: I can print this on either; 1) plain ivory card-stock, 2) plain white card-stock, 3) textured white card-stock, or 4) textured ivory card-stock. Please take a look at the fourth photo.

The print is signed and dated. It will be shipped to you in a protective plastic sleeve, between two rigid pieces of card-boards to protect from bending.
-------------------------------------------------------------------------------
- I will ship most orders within 3 business days after payment is received.
- Payments received Friday/Saturday/Sunday will ship the following Monday.
- I live in Canada and all items will be shipped via Canada Post, unless otherwise specified.
---------------------------------------------------------------------------------
If you prefer a little bigger size, I have the same print in a 5"x 7".
https://www.etsy.com/listing/96635176/print-of-original-ink-drawing-love?ref=shop_home_active

Check-out all hedgehogs in my shop;
https://www.etsy.com/shop/mikaart/search?search_query=hedgehog&order=date_desc&view_type=gallery&ref=shop_search

See more cute & fun stuff in MiKa Art Store!
http://www.etsy.com/shop/mikaart

Thank you.


          Daniel Negreanu – One Drop med enbart amatörer är smart   

Daniel Negreanu hade älskat att få vara med, men under The Big One for One Drop Invitational i Monte Carlo den här veckan kommer han att coacha mannen bakom projektet.

Med ett inköp på €1,000,000 är ”The Big One” under ”One Drop Extravaganza” en av de dyraste turneringarna någonsin, och Daniel Negreanu har faktiskt tagit sig hela vägen till Monte Carlo. Den här gången ska han dock inte spela, utan han kommer istället att coacha Guy Laliberté.

-          Guy frågade mig om jag kunde hjälpa honom, och jag sa ja. Jag har redan varit här i några dagar, och vi har spenderat en hel del tid på hans yacht där vi kört ett gäng coachingpass, ätit lite god mat och tagit några drinkar, säger Negreanu.

Just nu är Negreanu och Laliberté mitt i förberedelserna inför turneringen, men vi lyckades ändå få till en 30-minuters skypeintervju med stjärnan igår.  

-          Det är enkelt att coacha honom, men det finns utrymme för förbättringar. Vårt huvudfokus har varit hans shortstackspel. Guy gillar att se floppar, men i turneringar når man tillslut en viss punkt där man måste ändra sin spelstil till en ”All-in eller fold”-strategi. Det är något som vi jobbat mycket på avslöjar Negreanu.

Välgörenhet med rika amatörer

2016 arrangeras The Big One för tredje gången. 2012 och 2014 var även proffsen välkomna, men i år har Guy Laliberté valt att hålla sig till inbjudningar – för enbart amatörer. Det är däremot tillåtet att ha ett proffs som coach.

Guy Laliberte
Bara amatörer den här gången

-          Om du anordnar ett parti poker i ditt hus kan du välja vilka du vill spela med. Guy fick en del feedback från de rika amatörspelarna som sa att de inte hade något emot att donera pengar, men de ville inte bli uppätna av proffsen.

Av det totala inköpet på €1,000,000 går €111,111 direkt till One Drop Foundation, som är en välgörenhetsorganisation som förser utvecklingsländer med rent dryckesvatten. De resterande €888,889 går in i prispotten.

Minst 35 spelare är bekräftade och klara för The Big One for One Drop Invitational. Ingen deltagarlista är släppt ännu, men om du spenderar lite tid på de sociala medierna går det snabbt att få några hintar.

Dan Shak, en rik hedgefondförvaltare känd för sina pokerkunskaper, och britten Paul Newey har sagt att de kommer.  Shak har precis som Laliberté anlitat en professionell spelare som coach. Scott Siever kommer vara hans närmsta man under turneringen.

Pengarna har aldrig varit den stora drivkraften

Vi kanske inte får veta den slutgiltiga lineupen innan de första korten delas ut, men en sak som är säkert är att vi inte får se Daniel Negreanu vid borden.

Daniel Negreanu
Pengarna har aldrig varit det viktiga för Negreanu

-          Självklart skulle jag spelat om jag hade fått. Det verkar som en bra turnering för mig.

För att ta pengar från de rika är något du skulle vilja göra alla dagar i veckan?

-          Tro mig, jag bryr mig inte så mycket om pengarna. Det har jag aldrig gjort, inte ens när jag knappt hade några. Jag tror att folk som gör saker för att de drivs av pengarna har mindre chans att lyckas.

Men om Laliberté går och vinner hela turneringen så måste du få ut något av det?

-          Jag får en liten andel av hans action, det är mest för spänningen.

The Big One for One Drop Invitational börjar på fredag eftermiddag lokal tid. Det finns minst €31,111,115 i potten, men den förväntas växa  då hela lineupen  inte är klar ännu och då återköp  är tillåtna.



Besök www.pokerlistings.se


          San Francisco Awards $190,000 To Illegal Immigrant Over "Sanctuary City Violation"   

The tax payers of San Francisco, courtesy of a plea deal negotiated by the City Attorney's Office, will soon be handing over $190,000 to an illegal immigrant, who had a warrant out for his arrest mind you, after he filed a lawsuit alleging that city police violated 'sanctuary city ordinances' by handing him over to immigration officials.  No, you've not lost your mind, this is real life.

The incident all started when Pedro Figueroa-Zarceno visited a San Francisco police station to report that his car had been stolen.  In the process of filing the complaint, officers discovered there was a warrant out for Figueroa's arrest but apparently they were unable to track down further details.  Figueroa was eventually allowed to leave the police station through a side exit where immigration officials were conveniently waiting for him.

Here is more from the San Francisco Examiner:

A man who San Francisco police turned over to immigration authorities in violation of The City’s sanctuary ordinance is set to be awarded $190,000 in a settlement agreement reached with the City Attorney’s Office, which his lawyer hopes will push police to obey such laws.

 

Pedro Figueroa-Zarceno, 33, sued The City on Jan. 17 for violating its sanctuary city laws when officers at Southern Station allegedly cooperated with immigration officials. Figueroa-Zarceno, an undocumented immigrant and native of El Salvador, went to the station at 1251 3rd Street in Mission Bay in December 2015 to report a stolen car.

 

But instead of helping him find his car, officers called immigration authorities, who took him into custody outside of the station.

 

Police reports and case documents previously obtained by the Examiner showed that officers at the station detained Figueroa-Zarceno after they ran his name and found a warrant for his arrest. But they were unable to find details on the warrant, so Figueroa-Zarceno was released from a side door, where he was then arrested by immigration officials. Those officials had been notified by San Francisco police.

Sanc

 

All that said, Attorney Saira Hussain wants you to know that it's "really important" that San Francisco's sanctuary city laws are protected...other laws, not so much.

“It’s really important for San Francisco to remain a sanctuary city not in name only but also in practice,” said Saira Hussain, a staff attorney at the Asian Law Caucus, who represented Zarceno.

 

City law, the Due Process for All Ordinance, bars law enforcement from cooperating with Immigration and Customs Enforcement, among other federal immigration officials, except in a few exceptions when violent criminals are involved. Part of the law’s purpose was to encourage immigrants to report crimes they may otherwise not report because they fear law enforcement will turn them over to immigration authorities.

Of course, none of this is particularly surprising given that, as we recently noted, the city of San Francisco launched a whole new group in the Public Defender's office specifically dedicated to representing illegal immigrants.  As an NBC affiliate in the Bay Area noted, the new office is expected to handle just 50 clients per year of the 1,500 detained immigrants that currently have scheduled court dates.  

Unlike in criminal court, immigrants are not automatically entitled to legal representation in deportation proceedings. However, studies have shown that detained immigrants with attorneys are six times more likely to win their cases.

 

While San Francisco also provides funding to nonprofits specializing in legal aid to immigrants, the public defender's office is intended to serve those already in detention, a demographic the nonprofits generally don't serve.

 

The unit's attorneys are each expected to handle around 50 clients per year -- a small portion of the estimated 1,500 detained immigrants who currently have court dates in San Francisco, around 85 percent of whom do not have attorneys.

If cities get to randomly pick and choose which laws they're going to enforce, can we kindly request that someone create a 'sanctuary' for those wanted for grand theft auto?  Some of us are in the market for a couple really nice Lambo's but are somewhat 'economically challenged' at the moment...frankly, it's just not fair and we're feeling 'triggered'.


          The World Is Now $217,000,000,000,000 In Debt And The Global Elite Like It That Way   

Authored by Michael Snyder via The Economic Collapse blog,

The borrower is the servant of the lender, and through the mechanism of government debt virtually the entire planet has become the servants of the global money changers.  Politicians love to borrow money, but over time government debt slowly but surely impoverishes a nation.  As the elite get governments around the globe in increasing amounts of debt, those governments must raise taxes in order to keep servicing those debts.  In the end, it is all about taking money from us and transferring it into government pockets, and then taking money from government pockets and transferring it into the hands of the elite.  It is a game that has been going on for generations, and it is time for humanity to say that enough is enough.

According to the Institute of International Finance, global debt has now reached a new all-time record high of 217 trillion dollars

Global debt levels have surged to a record $217 trillion in the first quarter of the year. This is 327 percent of the world’s annual economic output (GDP), reports the Institute of International Finance (IIF).

 

The surging debt was driven by emerging economies, which have increased borrowing by $3 trillion to $56 trillion. This amounts to 218 percent of their combined economic output, five percentage points greater year on year.

Never before in human history has our world been so saturated with debt.

And what all of this debt does is that it funnels wealth to the very top of the global wealth pyramid.  In other words, it makes global wealth inequality far worse because this system is designed to make the rich even richer and the poor even poorer.

Every year the gap between the wealthy and the poor grows, and it has gotten to the point that eight men have as much wealth as the poorest 3.6 billion people on this planet combined

Eight men own the same wealth as the 3.6 billion people who make up the poorest half of humanity, according to a new report published by Oxfam today to mark the annual meeting of political and business leaders in Davos.

This didn’t happen by accident.  Sadly, most people don’t even understand that this is literally what our system was designed to do.

Today, more than 99 percent of the population of the planet lives in a country that has a central bank.  And debt-based central banking is designed to get national governments trapped in endless debt spirals from which they can never possibly escape.

For example, just consider the Federal Reserve.  During the four decades before the Federal Reserve was created, our country enjoyed the best period of economic growth in U.S. history.  But since the Fed was established in 1913, the value of the U.S. dollar has fallen by approximately 98 percent and the size of our national debt has gotten more than 5000 times larger.

It isn’t an accident that we are 20 trillion dollars in debt.  The truth is that the debt-based Federal Reserve is doing exactly what it was originally designed to do.  And no matter what politicians will tell you, we will never have a permanent solution to our debt problem until we get rid of the Federal Reserve.

In 2017, interest on the national debt will be nearly half a trillion dollars.

That means that close to 500 billion of our tax dollars will go out the door before our government spends a single penny on the military, on roads, on health care or on anything else.

And we continue to pile up debt at a rate of more than 100 million dollars an hour.  According to the Congressional Budget Office, the federal government will add more than a trillion dollars to the national debt once again in 2018…

Unless current laws are changed, federal individual income tax collections will increase by 9.5 percent in fiscal 2018, which begins on Oct. 1, according to data released today by the Congressional Budget Office.

 

At the same time, however, the federal debt will increase by more than $1 trillion.

We shouldn’t be doing this, but we just can’t seem to stop.

Let me try to put this into perspective.  If you could somehow borrow a million dollars today and obligate your children to pay it off for you, would you do it?

Maybe if you really hate your children you would, but most loving parents would never do such a thing.

But that is precisely what we are doing on a national level.

Thomas Jefferson was strongly against government debt because he believed that it was a way for one generation to steal from another generation.  And he actually wished that he could have added another amendment to the U.S. Constitution which would have banned government borrowing…

“I wish it were possible to obtain a single amendment to our Constitution. I would be willing to depend on that alone for the reduction of the administration of our government to the genuine principles of its Constitution; I mean an additional article, taking from the federal government the power of borrowing.”

And the really big secret that none of us are supposed to know is that governments don’t actually have to borrow money.

But if we start saying that too loudly the people that are making trillions of dollars from the current system are going to get very, very upset with us.

Today, we are living in the terminal phase of the biggest debt bubble in the history of the planet.  Every debt bubble eventually ends tragically, and this one will too.

Bill Gross recently noted that “our highly levered financial system is like a truckload of nitro glycerin on a bumpy road”.  One wrong move and the whole thing could blow sky high.

When everything comes crashing down and a great crisis happens, we are going to have a choice.

We could try to rebuild the fundamentally flawed old system, or we could scrap it and start over with something much better.

My hope is that we will finally learn our lesson and discard the debt-based central banking model for good.

The reason why I am writing about this so much ahead of time is so that people will actually understand why the coming crisis is happening as it unfolds.

If we can get everyone to understand how we are being systematically robbed and cheated, perhaps people will finally get mad enough to do something about it.


          Hedge Fund Traders Return To Banking As Trump Promises To 'Make Prop Trading Great Again'   

The hedge fund industry is finding itself in increasingly dire straits as persistently weak returns and the advent of low-cost investing have forced more and more funds to shut down. So, it's unsurprising that, amid this steadily worsening backdrop, more traders are heading for the exits. But where are the heading? Increasingly, more traders are moving back from where they came - i.e. the big banks, which expect to see a boost in trading revenue as President Donald Trump has vowed to dial back postcrisis regulations that forced banks to wind down their prop desks.

In recent months, a number of high-profile hedge fund names have made the leap back to banking, according to Bloomberg.

“This month, Barclays Plc hired Chris Leonard, a founder of two hedge funds in the decade since he left JPMorgan Chase & Co., to turn around U.S. rates trading. At the end of last year, ex-bankers Roberto Hoornweg and Chris Rivelli, both of Brevan Howard Asset Management, left that London hedge fund for banks.

 

Recruiters say these moves and others aren’t just the usual attrition: banks in New York and London are interesting employers again a decade after the financial crisis, and may get involved in more proprietary trading if President Trump eases regulatory burdens. There’s also another factor: many macro funds just don’t make money anymore.

 

One recruiter says he expects defections to increase over the next nine months.

 

“In the last quarter of the year or first quarter of 2018, you will find more people leaving the hedge funds to join banks to run proprietary money,” said Jason Kennedy, chief executive officer of the Kennedy Group in London, which hires for banks and hedge funds. “The banks will become more attractive in terms of jobs and pay.”

The Trump administration has struggled to pass elements of its agenda - most notable its plan to repeal and replace Obamacare. And it only recently scored a partial victory on its immigration ban. Yet financial deregulation is one area where the Trump agenda is moving inexorably forward. On June 13, Treasury Secretary Steven Mnuchin issued a report – the first in a series that will detail how the administration plans to proceed with paring back post-crisis regulations.  Some of the more notable proposals in the highly-anticipated report include: adjusting the annual stress tests, easing trading rules (i.e., gutting the Volcker Rule), and paring back the power of the watchdogs - like the Consumer Financial Protection Bureau. Unlike the administration’s health-care plans, these measures enjoy broad support among Republicans.

Meanwhile, hedge funds are finding it increasingly difficult to compete for top talent.

"...the bar within the hedge-fund world has increased dramatically over the last year,” Kennedy said.

 

Hedge funds, stung by years of underperformance and revolts from investors, are increasingly under pressure to dump their traditional 2 percent management and 20 percent performance-fee model, curtailing their ability to hire and retain talent. Louis Bacon’s Moore Capital Management, Tudor Investment Corp., Och-Ziff Capital Management Group LLC, Canyon Capital Advisors and Brevan Howard were among money managers who cut fees last year. More hedge funds shuttered last year than started, a trend that continued in the first quarter of 2017, according to data from Hedge Fund Research Inc.

 

“It is not surprising that traders are looking for a safe haven, and if banks have more room to operate these moves could make sense,” said John Purcell of Purcell & Co., a London-based executive recruitment firm."

The unprecedented easy money policies adopted by the world's largest central banks in the aftermath of the crisis have hurt macro funds' profits by suppressing two-way volatility.

“Tim Sharp made the move back to the sell side even earlier, and says banks now have attractive niche trading businesses and many are nearly done downsizing. He joined Credit Suisse Group AG in July 2015 after less than a year running money at BlueCrest Capital Management LLP, the firm led by Michael Platt. At the end of that year, Platt’s firm, once among Europe’s largest hedge funds, announced it would return about $7 billion of the $8 billion it managed.

 

“It’s very difficult for macro funds," Sharp said in an interview. “Central bank policies have crushed volatility and reduced opportunities, and also it’s survival of the fittest.”

 

Sharp, who is now a director at Credit Suisse, left BlueCrest a few months after the Swiss central bank’s shock decision to remove its currency cap, which caused losses at several firms.

 

"Macro as an overall strategy has recently experienced a prolonged phase of lackluster returns, triggering a number of unwinds at big shops," said Nicolas Roth, co-head of alternative assets at Geneva-based Reyl & Cie.”

As Bloomberg explains, the flow of traders back into banking is a reversal of a trend that began in 2008, when banks, reelingfrom the crisis, saw an exodus of traders move to the buy side as many hoped to cash in on the postcrisis recovery. The advent of the Volcker rule forced banks to wind down their prop trading desks, spurring even more defections. Another factor: the rising cost of regulatory compliance is making it increasingly expensive to start a hedge fund.

"Hedge funds were booming. In 2009, hedge funds gained almost 20 percent, their best yearly performance since 1999, according to the HFRI Fund Weighted Composite Index; a year later, they returned 10.3 percent.

 

While macro strategies raised $13.8 billion in the first five months of this year, the most of any trading strategy tracked by eVestment, investors are disappointed by their returns. Traders wagering on currencies and rates continue to struggle, even as peers are showing signs of recovering from their multi-year funk.

 

Andrew Law’s Caxton Associates lost 8 percent this year through May and told clients that it’s slashing performance and management fees. Paul Brewer’s hedge fund Rubicon Global Fund plunged about 27 percent this year, hurt by wrong-way currency wagers, people said earlier this month.

 

It’s also more expensive to start a hedge fund than it was, because of the difficult capital raising environment and rising cost of regulatory compliance.

 

“Some macro traders are returning to the sell side, maybe in a hope that a Dodd-Frank rollback will re-open proprietary trading activity,” Roth said."

Here’s a breakdown of other personnel moves, courtesy of Bloomberg.

  • Anthony Kemp returned to Morgan Stanley at the beginning of May from Stone Milliner Asset Management, which he joined in summer 2015
  • Alex Silverman left Citadel to join Morgan Stanley in New York at the end of March 2017
  • Dipak Shah joined Citigroup Inc. as director in October 2016 from Capula Investment Services after previously working at Goldman Sachs Group Inc.
     

          Grant Williams: Get Out of Equities Before Boomers Are Forced To Sell Them   

Authored by Stephen McBride via MauldinEconomics.com,

Last year, the first baby boomers turned 70 and that spells trouble for investors.

Speaking at the Mauldin Economics Strategic Investment Conference, Grant Williams, Co-Founder of RealVision TV, warned investors about the wave of forced selling by millions of retirees and the impact it will have on their portfolios.

Equities Make Up 70% of Boomers’ Portfolios

“Boomers are the largest generation in history to retire, and they’re doing so right now.”

In fact, according to Pew Research, 1.5 million Americans turned 70 last year and will do so every year for the next 15 years.

“When Boomers are retiring in their millions, they have 70% of their portfolios in equities… at a point in time when we are due a recession,” pointed out Grant Williams.

 

“And in recession, bad things happen… the average stock market drawdown in recession since 1980 is 37%.”

Just $136,000 Saved for Retirement

While boomers have their biggest allocation to equities they’ve ever had, Williams says the numbers don’t look good for them: “The reality is they don’t have enough money to retire.”

“According to BlackRock, the average Boomer has only $136,000 saved for retirement. Even with return assumptions fixed at 7%, when they’re more like 2%, you are talking an income of $9,000 a year… that’s $36,000 shy of the ideal retirement income,” adds Williams.

As such, boomers will be forced to look for income elsewhere. In the not-so-distant past, that has come from bonds.

As the below chart shows, once you hit the age of 65, you go through the most profound asset class shift since your 30s. You trim your equity positions and raise your bond exposure to lower the risk.

Source: Haver Analytics, Gluskin Sheff

However, with today’s yields, bonds won’t provide the needed income.

Even if boomers decide to stick to equities for higher yields, there’s another reason they will be forced to divest their equity holdings—one they have little choice in.

Forced to Sell 5% of Their Portfolios Every Year

Due to IRS mandatory minimum drawdown laws for retirement plans like IRAs and 401(k)s, when you turn 70 ½, you are forced to withdraw at least 5% of the value of the plan each year.

Williams thinks it will have profound implications: “Boomers started turning 70 ½ in April, this is a real problem and people don’t understand the ramifications of it.”

This forced selling will flood the market with billions worth of equities, which will push down prices.

Given that 15 million retirees will be forced to divest their equity holdings over the next decade, Grant has some thoughts on what investors like you and me should be doing today:

“Get out of equities. You might think you’re a wealthy guy… but if you have 70% of your portfolio in equities and you take a 40% haircut, you’re not a wealthy guy anymore.”

What Does This Mean for the US Economy?

For Grant’s thoughts on what the retirement crisis means for the US economy, big demographic trends, and more—watch the full interview below.


          Andrew Cuomo Refuses Federal Data Request Related To Trump's "Voter Fraud Myth"   

Shortly after moving into the White House, President Trump promised a "major investigation into VOTER FRAUD" and vowed that any evidence of wrongdoing would be used to strengthen voting procedures.  The following tweets undoubtedly 'triggered' millions of liberals across the country as visions of 'racist' voter ID laws danced in their heads.

 

Then, just last month, that "major investigation" came in the form of an Executive Order entitled: "Presidential Executive Order on the Establishment of Presidential Advisory Commission on Election Integrity."  The Commission was to be chaired by Vice President Mike Pence and it's mission was defined as follows:

The Commission shall, consistent with applicable law, study the registration and voting processes used in Federal elections.  The Commission shall be solely advisory and shall submit a report to the President that identifies the following:

 

(a)  those laws, rules, policies, activities, strategies, and practices that enhance the American people's confidence in the integrity of the voting processes used in Federal elections;

 

(b)  those laws, rules, policies, activities, strategies, and practices that undermine the American people's confidence in the integrity of the voting processes used in Federal elections; and

 

(c)  those vulnerabilities in voting systems and practices used for Federal elections that could lead to improper voter registrations and improper voting, including fraudulent voter registrations and fraudulent voting.

 

And, since no one would possibly argue in favor of more voter fraud rather than less, you might assume this particular Executive Order enjoyed overwhelming bipartisan support across the country...of course, you could think that, but you would be incredibly wrong.

Enter New York Governor Andrew Cuomo.  Apparently Mr. Cuomo is so certain that voter fraud is nothing more than a right-wing "myth" that's he unwilling to even comply with a data request to make sure.  We're sure he's just trying to save Vice President Pence from wasting his time.

 

Of course, Cuomo's position is somewhat curious in light of the fact that New York City's own Commissioner of the Board of Elections, Alan Schulkin (Democrat), was caught on a secret video by Project Veritas openly admitting that "there is a lot of voter fraud."  At one point, Schulkin even admits that campaign officials bus minorities from "poll site to poll site" so they can vote multiple times.

“He gave out ID cards, de Blasio. That’s in lieu of a driver’s license, but you can use it for anything.  But they didn’t vet people to see who they really are. Anybody can go in there and say, ‘I am Joe Smith, I want an ID card."

 

"It’s absurd. There is a lot of fraud. Not just voter fraud, all kinds of fraud . . . This is why I get more conservative as I get older.”

 

“Voters? Yeah, they should ask for your ID. I think there is a lot of voter fraud.  You know, I don’t think it’s too much to ask somebody to show some kind of an ID . . . You go into a building, you have to show them your ID."

 

“They bus people around to vote . . . They put them in a bus and go poll site to poll site.”  Asked which neighborhoods, Schulkin said, “I don’t want to say.”  When the undercover mentions black and Hispanic neighborhoods, Schulkin responded, “Yeah . . . and Chinese, too.”

 

Alas, we assume that video is also just a 'myth'...

Of course, New York wasn't the only snowflake state to opt out of Trump's voter fraud data request. Apparently California is also quite confident that all of their illegal immigrants are voting legally...or something like that.

 

As The Hill notes, a total of 5 states have refused to turn over any voter data whatsoever while another 9 have said they'll only hand over publicly available data.

As of Friday afternoon, officials in New York, California, Massachusetts, Kentucky and Virginia had said they would not turn over any of their voter data to the voter fraud commission.

 

Other officials in Connecticut, Minnesota, Oklahoma, Rhode Island, Vermont, Utah, North Carolina, Indiana and Iowa said they would only turn over public information on voter rolls, but wouldn't share private information.

 

Wisconsin announced it would turn over public information but would charge the commission $12,500 to buy the voter roll data.

Of course, at the end of the day, you only really need to examine a couple of critical swing states to get a sense for how rampant voter fraud might be.  And, since we don't see Florida or Ohio on the lists above, we very much look forward to the data from those two states.


          "We're All A 'Walking Illinois' Now"   

Authored by James Howard Kunstler via Kunstler.com,

Who needs Russia when the Tweety-Bird-in-Chief is hacking his own presidency into a global joke? Or at least it might be a joke if the USA weren’t such a menace to international order, and to itself, by the way. Interestingly, the 25th amendment allows for the removal of a president from office on account of incompetence or disability, but not for being an embarrassment to the nation.

They may come after him anyway with the 25th, especially as the financial system unravels later this year, because this time, unlike 2008-9, central bank interventions will not avail to rescue the faltering money system from nine years of previous central bank interventions. All it takes is for the “liquidity” flows to seize up and before you know it, there’s no food in the supermarkets because everything in our just-in-time economy is exquisitely calibrated to the sure expectation of getting paid, and when that goes, it all goes.

Then the question arises: well, can’t you just re-start the liquidity flows? Not when the process requires another abracadabra magic act of summoning X-trillions of dollars out of absolutely nothing when the previous X-trillions created out of absolutely nothing are rushing at warp speed into the black hole of deleveraging because it has been discovered that the “loans” they were based on can never be paid back, not in this universe or any number of universes like it. In a word, they’re worthless.

Deleveraging is the polite term economists give to your net worth rapidly evaporating. Liquidity is the polite term for cash money and things denominated in them that can readily be converted into cash money. The problem with the kind of liquidity-creation solution to deleveraging is that it rapidly leads to money itself becoming worthless.

The preview of coming attractions is currently playing out in Illinois — soon to be joined by Connecticut, California, Kentucky, and many other bankrupt states. Illinois is dead broke. It can’t pay the contractors who fix things like roads and storm drains, and supply food to its prisons. It’s over $200-billion deep in pension obligations that will never be honored. Its Medicaid system is a shambles. It doesn’t even have the cash-on-hand to pay lottery winners (what happened to all the cash paid into the lottery by the suckers who didn’t win, which is supposed to pay off the winners?). The state legislature hasn’t passed a budget in three years.

The governor and the mayor of Chicago and everybody else nominally in charge have no idea what they’re going to do about it. Think the federal government is going to just step in and save the day there? They’d have to bail out every other foundering state and that’s just not going to happen, especially with that same federal government about to run out of cash money itself, with no resolution of the debt ceiling controversy that might allow it to even pretend to borrow more money by issuing treasury bonds that are instantly bought by the Federal Reserve — which, of course, is not an official government agency but a private banking consortium contracted to manage the nation’s money.

Do you begin to see the outlines of the clusterfuck rising like a bad moon over the harvest season of 2017? The American people, by and large, have no more idea how false and fragile the financial arrangements of the nation are than the average eight-year-old has about why the re-po squad is towing away Daddy’s Ford-F150. We’re just doing what we always do: gittin’ our summer on. Breaking out the potato salad and the Bud Lites — at least those who have enough mojo left in their MasterCards to charge the party supplies.

An awful lot of Americans must be maxed out, though, people who actually used to work at things and get paid for it. Each one of them is a walking Illinois now, facing each dawning day with a bigger load of problems, more things they can’t pay for, and moving closer to the dreadful day when everything is gone, every chattel, every knickknack, the very roof over their head, and most particularly the belief that they live in a fair and decent society.

So, I wonder what we’re going to do with a Tweety-Bird-in-Chief in the White House when this deal goes down. Stresses and tensions are out there a’buildin’ and the time for being a nation of feckless idiots is drawing to a close. The sad thing is: it wasn’t even fun while it lasted.


          Pensions Timebomb In America – "Global Crisis” Cometh   

Pensions Timebomb - Pensions "Are Going To Be A National Crisis"

- America’s underfunded pension system is “not a distant concern but a system already in crisis”...

- Tax may explode as governments seek to bail out insolvent pension plans

- Illinois, California, New Jersey, Connecticut, Massachusetts, Kentucky and eight other states vulnerable

- The simple mathematical mismatch at the heart of the pension crisis...

- Why the pension crisis really is “America’s silent crisis”...

- Pensions timebomb confronts Ireland, UK and most EU countries


By Brian Maher, Managing editor, The Daily Reckoning

"This is going to be a national crisis..."

“This” being America’s woefully underfunded pension liabilities, according to Karen Friedman. She’s the executive vice president of the Pension Rights Center.

(A place called the Pension Rights Center does in fact exist. We checked.)

MarketWatch columnist Jeff Reeves howls in confirmation that “collapsing pensions will fuel America’s next financial crisis.”

“This is not a distant concern,” warns he, “but a system already in crisis.”

According to data supplied by the Federal Reserve, pensions — public and private combined — were roughly 27% underfunded at the end of last year.

By some estimates, America’s public pensions alone are sunk in a $6 trillion abyss.

The issue, approached from any direction, is an impossible knot… a tar pit… a minotaur’s maze of blind alleys and dead ends.

How has the American pension come to such an estate?

Most public pension systems were built upon the sunny assumption that their investments will yield a handsome 7.5% annual return.

But consider…

The average public pension plan returned just 1.5% last year.

Last year marked the second consecutive year that plans undershot the 7.5% return rate, according to Governing magazine.

The same plans worked an average gain of 2–4% in 2015.

A highly technical term describes the foregoing if it goes on long enough... and we apologize if it sends you to the dictionary:

Insolvency.

Briefly turn your attention to the Golden State, for example. California.

State pensions are only in funds to meet 65% of their promised benefits.

And California pins its hopes on that golden annual 7.5% return to make the shortage good.

But it’s in a devil of a fine fix if the average public pension plan only returns 1.5%.

The math is the math.

California essentially depends on returns 400% above the norm, according to financial analyst Larry Edelson.

But California is by no means alone.

We won’t run the entire roll call of shame.

But the great state of Illinois, for one, risks sinking into a $130 billion "death spiral" from its unfunded pension liabilities, as Ted Dabrowski of the Illinois Policy Institute described it.

S&P Global Ratings has even threatened to downgrade the state's credit score to "junk" status.

New Jersey, Connecticut, Massachusetts and Kentucky are also among the worst deadbeats.

But the problems run from ocean to ocean and south to north.

A report from Moody’s reads thus:

For many states and municipalities, exposure to unfunded pension liabilities is already at or near all-time highs. Since cost burdens are already expected to further increase, pension fund investment performance is critical for the credit quality of many governments.

Not even a "best case" cumulative 25% investment return on public pension plans would stanch the blood flow, according to Moody’s.

They say that best-case 25% would merely reduce pension liabilities a slender 1% through 2019 due to weak contributions and poor past investment returns.

“But I don’t have a pension,” comes your response. “This doesn’t concern me.”

Ah, but have another guess — at least if you swear off your taxes in these United States.

Is it your belief that governments will let their prized public pension plans flop?

There are votes to consider, after all.

Jilted pensioners are capable of generating a good deal of hullabaloo, hullabaloo to which the official ear is exquisitely attuned.

Besides, do you think kind Uncle Samuel will turn the politically strategic states of California and Illinois out on their ears?

As our resident income specialist Zach Scheidt argues:

Your tax bill could explode as governments around the country seek to bail out insolvent pension plans. And you know how much politicians like to use your tax money to bail out some constituent. They like to prove their “compassion” with your money!

“Expect to pay higher state and local taxes for fewer services in the years to come,” adds Larry Edelson, before mentioned.

And:

“Don’t be surprised if authorities of all shapes and sizes — from local governments to national agencies — up the ante to get ahold of your assets any way they can.”

We would have to agree. You shouldn’t be surprised in the least.

And we can scarcely imagine the holy hell that would follow another financial crisis.

Illinois Gov. Bruce Rauner warns the state’s pension crisis is driving his beloved Land of Lincoln into "banana republic" territory.

But we suspect the good governor’s mouth ran away with him here...

Can you imagine comparing the venerable, eminently worthy banana republic... to Illinois?

The pension crisis is truly “America’s silent crisis” and indeed the world's silent crisis.

From The Daily Reckoning newsletter


Related Content

85% of Pension Funds Will Go Bust Within 30 Years

Pensions Timebomb in “Slow Motion Detonation” In U.S., EU and Internationally

Investing in Gold In Your Individual Retirement Account (IRA)

News and Commentary

Gold steady on easing dollar, stocks amid hawkish central banks (Reuters)

Technology Shares Lead Stock Rebound; Oil Gains: Markets Wrap (Bloomberg)

Nikkei dives under 20,000 as Asian markets sharply pull back (Marketwatch)

Tech Spoils Bank Party as Stocks, Dollar Slide: Markets Wrap (Bloomberg)

The Yellowstone Supervolcano Has Just Seen 878 Earthquakes in Two Weeks (Science Alert)

Source: Cape Shiller via ZeroHedge

Source: Cape Shiller via ZeroHedge

Robert Shiller: "The Index I Invented Is At Levels Last Seen In 1929 And 2000" (Zerohedge)

How owning a home in Britain became a luxury (Moneyweek)

Petrodollar wars - Gold in your custody cannot be hacked, erased, or frozen (Zerohedge)

Should you own bitcoin or gold?  That’s easy (SCH)

Lessons from ten of the greatest trades of all time (Moneyweek)

Gold Prices (LBMA AM)

30 Jun: USD 1,243.25, GBP 957.43 & EUR 1,090.83 per ounce
29 Jun: USD 1,246.60, GBP 959.88 & EUR 1,093.14 per ounce
28 Jun: USD 1,251.60, GBP 976.25 & EUR 1,101.91 per ounce
27 Jun: USD 1,250.40, GBP 980.31 & EUR 1,111.36 per ounce
26 Jun: USD 1,240.85, GBP 975.56 & EUR 1,109.32 per ounce
23 Jun: USD 1,256.30, GBP 987.70 & EUR 1,125.27 per ounce
22 Jun: USD 1,251.40, GBP 988.36 & EUR 1,120.13 per ounce

Silver Prices (LBMA)

Silver Prices (LBMA)

30 Jun: USD 16.47, GBP 12.69 & EUR 14.44 per ounce
29 Jun: USD 16.83, GBP 12.98 & EUR 14.76 per ounce
28 Jun: USD 16.78, GBP 13.08 & EUR 14.78 per ounce
27 Jun: USD 16.66, GBP 13.07 & EUR 14.79 per ounce
26 Jun: USD 16.53, GBP 12.98 & EUR 14.79 per ounce
23 Jun: USD 16.71, GBP 13.12 & EUR 14.97 per ounce
22 Jun: USD 16.58, GBP 13.09 & EUR 14.85 per ounce


Recent Market Updates

- London Property Bubble Bursting? UK In Unchartered Territory On Brexit and Election Mess
- Shrinkflation – Real Inflation Much Higher Than Reported
- Goldman, Citi Turn Positive On Gold – Despite “Mysterious” Flash Crash
- Worst Crash In Our Lifetime Coming – Jim Rogers
- Go for Gold – Win a beautiful Gold Sovereign coin
- Only Gold Lasts Forever
- Your Future Wealth Depends on what You Decide to Keep and Invest in Now
- Inflation is no longer in stealth mode
- James Rickards: Gold Will Start Heading Higher On “Dwindling” Supply
- Billionaires Invest In Gold
- Brexit and UK election impact UK housing
- In Gold we Trust: Must See Gold Charts and Research
- Pension Funds, Sovereign Wealth Funds, Central Banks “Stock Up” on Gold “Amid Uncertainty”

Important Guides

For your perusal, below are our most popular guides in 2017:

Essential Guide To Storing Gold In Switzerland

Essential Guide To Storing Gold In Singapore

Essential Guide to Tax Free Gold Sovereigns (UK)

Please share our research with family, friends and colleagues who you think would benefit from being informed by it.


          Bizarre Tanker Cooperation Prompts Questions If Qatar, Saudi Feud Is Staged   

Either the blockade of Qatar by Saudi Arabia and its allies (recall the Saudi ultimatum expires on July 3) and the whole Qatar "crisis" is the most staged and produced diplomatic stunt since last summer's Turkish "coup", or for some unknown reason, the worse the diplomatic relations between Qatar and Saudi Arabia get, the more they cooperate in the only industry that matters for Saudi Arabia.

According to a Bloomberg report, even as Saudi Arabia leads three other Arab nations in accusing Qatar of links to terror groups and being too close to Iran, one thing has become increasingly clear in the oil market: tensions have yet to reach a point where the world’s biggest crude exporter is disrupting its tiny neighbor’s shipments. Specifically, despite the sudden feud, Qatar has maintained longstanding practice of loading crude onto tankers with Saudi Arabia and U.A.E. tracking of tankers compiled by Bloomberg shows.

The number of tankers that are filling with Qatari crude along with that of Saudi Arabia or the United Arab Emirates has actually increased since tensions escalated on June 5, according to Bloomberg calculations. The three countries’ joint loadings of crude remain largely unaffected since the dispute that broke out June 5. Since then, 17 tankers have loaded crude in Qatar and either Saudi Arabia or the U.A.E., or both. There were 16 over an equal period before June 5.

The full details:

  • Co- loadings where a tanker collects barrels from Qatar as well as Saudi Arabia and/or the U.A.E. have actually risen slightly since June 5, when the diplomatic dispute escalated
  • 17 tankers co-loaded in the 25 days since then
  • 16 tankers co-loaded in the 25 days prior
  • Percentage of vessels that co-loaded in Qatar and only Saudi Arabia rose, from 50% before dispute began to 59% since
  • Percentage of vessels that co-loaded in Qatar and only U.A.E. slipped from 25% before dispute to 23.5% after

The full table of co-loadings is shown below, courtesy of Bloomberg data:

As Bloomberg adds, since the June 5 diplomatic crisis, vessels including the Apollo Dream, DHT Redwood and Maran Carina have co-loaded in Qatar and both Saudi Arabia and the U.A.E. Others, like the DHT Falcon, have loaded in only Saudi Arabia and Qatar, while tankers including the Takamine, have taken on crude in U.A.E. and Qatar.

While relations between Qatar and its nearest Persian Gulf neighbors have frayed, shared oil trade with Kuwait, which isn’t part of the dispute, has actually intensified. In the 25 days leading up to the dispute, four tankers co-loaded in Qatar and Kuwait. Since June 5, that number has more than doubled, to nine.

One explanation, proposed by Bloomberg, is that this is simply "pragmatism":

The ability to cooperate in the tanker market despite diplomatic ties being cut shows how pragmatism often wins out over politics when it comes to the energy market. Were Saudi Arabia to block shared loadings, the kingdom would have created a logistical challenge for its own clients, forcing them to reorganize dozens of cargoes. Such disruptions can also reduce vessel supply and drive up freight costs.

Of course, the flip side is that by not halting co-loadings it makes the Qatari blockade appear like just another paper tiger.

While relations between Qatar and its nearest Persian Gulf neighbors have frayed, shared oil trade with Kuwait, which isn’t part of the dispute, has actually intensified. In the 25 days leading up to the dispute, four tankers co-loaded in Qatar and Kuwait. Since June 5, that number has more than doubled, to nine.

“We’ve seen an easing of the initial uncertainty in the market about the scale of the disruption that would be felt on co-loadings,” Richard Mallinson, a geopolitical analyst at Energy Aspects Ltd. in London, said by phone. Saudi Arabia and U.A.E. may be hesitant to take any steps that could harm their reputations in the eyes of international buyers, he said.

Alternatively, if the Qatar "crisis" is nothing more than just one global spectacle for media and popular consumption meant to scapegoat Qatar for "funding terrorism", something Saudi Arabia is far more guilty of, expect to see co-loading collapse now that Saudi Arabia discovers that its "bizarre" cooperation has been exposed, prompting its allies to ask just what is going on.


          Weekend Reading: Want Some Volatility With That?   

Authored by Lance Roberts via RealInvestmentAdvice.com,

Over the last couple of week’s, volatility has certainly picked up. As shown in the chart below, stocks have vacillated in a 1.5% trading range ever since the beginning of June. (Chart through Thursday)

Despite the pickup in volatility, support for the market has remained firm. Importantly, this confirms the conversation I had with Kevin Massengill of Meraglim just recently discussing the impact of Algorithmic Trading and how they are simultaneously currently all “buying the dip.” As he notes, this is all “fine and dandy” until the robots all decide to start “selling rallies” instead. (Start at 00:02:40 through 00:04:00)

But even with the recent pickup in volatility, volatility by its own measure remains extremely compressed and near its historical lows. While extremely low volatility is not itself an immediate issue, like margin debt, it is the “fuel” that when ignited “burns hot” during the reversion process.

Currently, as we head into the extended July 4th weekend, the bull market trend remains clearly intact. With the “accelerated advance” line holding firm on Thursday’s sell-off, but contained below the recent highs, there is little to suggest the advance that began in early 2016 has come to its final conclusion.

However, such a statement should NOT be construed as meaning it WON’T end as it more assuredly will. The only questions are simply when and how deep the subsequent reversion will be?

Volatility is creeping back. The trick will be keeping it contained.

In the meantime, this is what I am reading over the long holiday weekend.

Happy Independence Day.


Politics/Fed/Economy


Video


Markets


Research / Interesting Reads

 


Life is [Stocks] are a fragile thing. One minute you’re chewin’ on a burger, the next minute you’re dead meat.” – Adopted From Lloyd, “Dumb and Dumber”


          June Gloom: Nasdaq Suffers Biggest Loss Since October As Dollar, Bonds, Economy Plunge   

The thundering herd of "individuals" shifted awkwardly as June came to an end...

 

US Economic data in Q2 was the most disappointing since Q2 2011...

 

June was a rollercoaster:

  • Nasdaq's worst month since October (breaking a 7 month win streak)
  • FANG Stocks worst month (first losing month) since November
  • Dow best month since February
  • Small Caps best month since November
  • Risk-Parity Funds lost 1.6% in June - the first loss since November
  • 10Y Treasury Yield biggest rise since November
  • Treasury Yield Curve unchanged.
  • Gold's worst month since November
  • USD Index feel for 5th of last 6 months
  • WTI fell for 4th straight month (despite last 7 days up - best streak in 6 months)

Small Caps were the biggest gainers in June, Nasdaq the biggest loser... the S&P (light green) bounced of unch for June yesterday and its 40DMA...

 

The Dow manage to outperform, helped by the banks, the long bond ended June unch, Gold down, and WTI down wose but making a big comeback...

FANG Stocks could not catch a bid...

 

Notably, as both high-beta stocks and bonds are hammered in the last two weeks, so Risk-Parity funds are coming under serious pressure...

The Dollar Index tumbled in June to its weakest since Sept 2016...

 

Led by a 3.7% surge in the Loonie (JPY was 1.5% weaker against the dollar in June)...

 

Treasuries saw the biggest moves in the month... Fascinatingly, 30Y actually saw yields lower on the month even as the rest of the curve all rose (led by 5Y)...

 

By a miracle of modern algos, the 2s10s Treasury curve ended June perfectly unchanged thanks to the dramatic steepening in the last 4 days...

 

Copper had the best month of the commodity bunch as perhaps signals that China is folding on its tightening efforts are appearing...big finish to the month for crude too...

*  *  *

Ok - so having got June out of the way, this week has been full of swings too...

The Dow desperatly scrambled up to unchanged on the week, Nasdaq bouned a little but couldn't hold gains, and While Small Caps led the week, BUT when the ugliness hit at the bell, everythig plunged, Dow closed red on the week and Small Caps managed tiny gain...

 

VIX jumped back above 11 into the close as Nasdaq went red on the day..

 

And an ugly week for bonds too...

 

The Dollar Index saw its worst week in the last 7, led by strength in Cable, the Loonie, and Euro; JPY was weaker on the week...

 

WTI soared 7.3% on the week and despite Dollar weaknes, Precious metals limped lower...

 

WTI Crude is up 7 days in a row - the best streak in 6 months, bouncing off support around $42/43 again...

It seems Citi was right after all.


          ALL IN TIL IT DROPS, FORGET ALL WARNINGS; THE ULTIMATE HIGH RISK GAME / SAFE HAVEN   

All In Til It Drops, Forget All Warnings; The Ultimate High Risk Game

By: Doug Wakefield


I have not posted to the blog recently since week by week equity markets continue to reflect "perfect calm". Don't get me wrong, banana peels and trends are building that could shift the landscape quickly.

Yet today, what we are watching is not only "perfection" in the S&P 500 and Dow, but in South Korea's Kospi Index, India's Nifty 50, and in Argentina's MelVal Index.

Do global headlines support a time of world peace and booming economic prosperity worldwide? Do they support a "perfect calm" in global stocks?

Think with me. Don't fall asleep from the continued drone of algorithmic calm.

Look at these four charts, developed by UBS and Citigroup found in two recent articles on Zero Hedge.

The Global Credit Impulse


Credit growth has fallen off a cliff. The "perfect" stock market view is not supported by "perfect" credit growth.

Is the solution even MORE debt? The Keynesian central bankers seem determined to outrun the largest stock bubble on record by printing their way out of this conundrum.

Central Banks Buy 1.5 Trillion in Assets YTD, ValueWalk, June 10, 2017

After 8 years and over 12 trillion in asset purchases between 2009 and 2016, central banking actions continue telling the crowd, "we have your back". Yet the reality of 2000-2002 and 2007-2009 make it clear there is no such thing as a permanent bailout.

These charts by Citigroup make it clear that the era of the "assisted" stock investor is facing the reality of a severe credit contraction.

Central Banks' Response to Lack of Inflation
Credit Fuelled Asset Price Inflation
China House Prices and European Equities


There is no "the market feels"; only "the computers reacted". Without someone's computers preset to trade at specific technical lines over and over again, the "perfect calm" would not exist. A crowd of humans worldwide could never be this precise.

June 9th was a yet another major warning to global equity investors. Ignoring so many fundamental and technical warnings is only increasing more system-wide risk. When the patterns change due to extreme crowding, the big shift will not present investors with much time to mentally and financially adjust.


G3 Central Bank Balance Sheet

For 6 weeks I have been adding to my longest newsletter since starting The Investor's Mind in 2006.

It is called "Ten 'Little' Dominoes". We finished domino #8 last week, with #9 being released next week. Click here to join those reading The Investor's Mind as we monitor these world trends, and seek to prepare for what lies ahead, rather than hope in more "assistance",


Dow Weekly Chart

          Before becoming 'Pharma Bro,' Martin Shkreli was sought-after Wall St. insider, testimony shows   
Sarah Hassan was new to the hedge fund world in 2010 when a long-time friend of her father suggested she meet a "rising star" in the industry: Martin Shkreli. The friend, Brent Saunders, the chief executive of pharmaceutical giant...
          The Oil Industry Waking Up To Data Being The New Oil   

When you hang out in startup circles you hear the phrase, “data is the new oil” a lot. Getting rights to the mining and extracting, and generating revenue from data is big business, and VC, Hedge Funds, and even government are getting in on the game. Whether it is gathered from private or public sectors, or in your living room and pocket, everyone wants access to data.

One sign that this discussion is reaching new levels, is that the oil industry is talking about data being the new oil. That is right. I’m increasingly coming across stories about big data and the revenue opportunities derived from data when it comes to IoT, social, and many other trending sectors. The big oil supply chain has access to a lot of data to support its efforts, as well as generated from the exhaust of daily oil production to consumption–the opportunity is real man!

To entrepreneurs this shift is exciting I’m sure. To me, it’s troubling. Wall Street turning their sites to the data opportunity, and hedge funds getting in on the game worried me, but big oil being interested an even greater sign that things are reaching some extreme levels. It is one thing to use data is the new oil as a skeuomorph to find investment in your startup, or acquire new customers. It is another thing for the folks behind big oil to be paying attention–these are the same people who like to start wars to get at what they want.

Anyways, it is just one of many troubling signs emerging across the landscape. Many of my readers will dismiss as meaningless, but these discussions are just signs of an overall illness around how we see data, privacy, and security. Remember when we’d topple dictators to get at oil resources in the world? Well, welcome to the new world where you topple democracies if you have access to the right data resources.


          The Value Of Our Digital Bits   

I think way too much about the digital bits being transmitted online each day. I study the APIs that are increasingly being used to share these bits via websites, mobile, and other Internet-connected devices. These bits can be as simple as your messages and images or can be as complex as the inputs and outputs of algorithms used in self-driving cars. I think about bits at the level up from just the 1s and 0s, at the point where they start to become something more meaningful, and tangible--as they are sent and received via the Internet, using web technology.

The average person takes these digital bits for granted, and are not burdened with the technical, business, and political concerns surrounding each of these bits. For many other folks across a variety of sectors, these bits are valuable and they are looking to get access to as many of them as you can. These folks might work at technology startups, hedge funds, maybe in law enforcement or just tech-savvy hacker or activist on the Internet. If you hang out in these circles, data is often the new oil, and you are looking to get your hands on as much of it as you can, and are eager to mine it everywhere you possibly can. 

In 2010, I started mapping out this layer of the web that was emerging, where bits were beginning to be sent and received via mobile devices, expanding the opportunity to make money from these increasingly valuable bits on the web. This move to mobile added a new dimension to each bit, making it even more valuable than they were before--it now possessed a latitude and longitude, telling us where it originated. Soon, this approach to sending and receiving digital bits spread to other Internet-connected devices beyond just our mobile phones, like our automobiles, home thermostats, and even wearables--to name just a few of the emerging areas.

The value of these bits will vary from situation to situation, with much of the value lying in the view of whoever is looking to acquire it. The value of a Facebook wall post is worth a different amount to an advertiser looking for a potential audience, then it will be to law enforcement looking for clues in an investigation, and let's not forget the value of this bit to the person who is posting it, or maybe their friends who are viewing it. When it comes to business in 2017, it is clear that our digital bits are valuable, even if much of this value is purely based on perception and very little tangible value in the real world. With many wild claims about the value and benefit of gathering, storing, and selling bits.

Markets are continually working to define the value of bits at a macro level, with many technology companies dominating the list, and APIs are defining the value of bits at the micro level--this is where I pay attention to things, at the individual API transaction level. I enjoy studying the value of individual bits, not because I want to make money off of them, but because I want to understand how those in power positions perceive the value of our bits and are buying and selling our bits at scale. Whether it is compute and storage in the cloud, or the television programs we stream, and pictures and videos we share in our homes, these bits are increasing in value, and I want to understand the process how everything we do is being reduced to a transaction. 


          The Valuable Bits On Your Cell Phone That Everybody Wants   

I track on which digital resources are valuable. Products, contacts, messages, compute, images, video, and the other valuable bits that are being moved around, and bought and sold via the Internet. I'm always trying to understand what is valuable to developers, platform operators, investors, and even the police and government agencies. 

I was reading a post on how Denver police are using Cellebrite, a solution for accessing cell phones, and an OCR image from the story had a list of bullet points regarding Cellebrite's functionality, which I think provides a nice snapshot of what data is valuable on your cell phone currently. They are looking for the following bits:

  • Device ID - The unique identification of your device.
  • Address Book - The names, and information for your contacts.
  • Phone Call - The details of every call you have made.
  • Emails - All of the emails you sent and received.
  • Messages - Your text and images messaging and SMS.
  • Videos - All of the videos you have watched and created.
  • Photos - All of the photos you have watched and created.
  • Audio - Any podcast you've listened to and audio file created.
  • Location - The history of where you have been with GPS.
  • Social - Your social messages and connections for used networks.
  • Password - The code you use to get into your device.
  • Wifi - The networks you have connected to with your device.

It provides a pretty nice snapshot of what is valued in today's digital world. These are the essential bits of all of our lives, and everyone is working overtime to get their hands on them. It's not just the government, every single company doing business online wants to get at these bits, connect the dots, and make money from them. Law enforcement is interested in the same bits, just for very different reasons--they have a very different business model than the startups, but they both have a shared desire.

How free we are in the future is going to come down to how much control we have over our bits. Everyone wants them. The government, hedge funds, venture capitalists, hackers. I think the last one wifi, or our network, is the canary in the coal mine. The current tone being set by the FCC, and Trump administration, is the sign that things will begin to get much more toxic. Even beyond the Silicon Valley operated, cyber(in)secure world we find ourselves operating in currently--hang on to your bits, it is going to be a wild ride!


          دانلود Sonic the Hedgehog 3.0.2 – بازی سونیک جوجه تیغی برای اندروید   
Sonic The Hedgehog 2 بازی زیبا و معروفی است که نسخه جوجه تیغی آن برای اندروید نیز منتشر شده است ، در این بازی شما می بایست در نقش سونیک ، نقشه های شوم دکتر اگمن را نقش بر آب کنید . اگر علاقه مند به تجربه دوباره خاطرات خوش کودکی خود در محیط اندروید […]
          Sunday Salon: Time to Say Goodbye   
 Good afternoon my friends.  Have you ever heard the song "Time to Say Goodbye" sung by Sara Brightman and Andrea Bocelli?   Gorgeous!  I never get tired of it.  Anyway, that title came to mind when I started writing this post.  Because I think it is time.  It has been brewing in my head and heart for awhile, for a number of reasons, but Michele Jacobsen's post inspired my action.

When I started blogging, I immediately jumped into a daily posting schedule, reading and writing like a madwoman.  I made friends (lifelong ones I hope) and our blogging community was small and warm and intimate and invigorating and innovative.  We had things to say, we supported one another, we gave each other awards, we met in person.  But over time it changed, it got crowded and competitive and sterile and a bit...juvenile.  My kids became teenagers, and slowly I trimmed down my pace to four days a week, then twice a week, and now I only post on Sundays.  My posts are starting to sound like a broken record...I'm busy running around, my reading is in a slump, blah blah.  I'm bored with myself and I'm sure you are bored with me too!

And recently we got Brody, and what attention and time I had is now devoted to him.  OK, let's stop for a couple of pictures.    



Shopping at our wine store

Chewing on the hedgehog on a cold night

I also realized that what I DID say on the blog, I said it on Facebook as well.  My Goodreads "reviews" (if that is what you want to call them) post on Facebook, my pictures all get posted there, the movies I see get posted there on Letterboxd, and if there is something really on my mind, it gets discussed there.

So what's the point?

I still plan on roaming around and reading a few of your blogs, because I do still want to know all the shiny new pretty books I need to read.  And I care about what is going on with all of you.

So on that note, I'm going to sign out here, take my current book that I'm averaging 5 pages a day on, and sit in the sun with my dog and read until I fall asleep.      





          Sonic the Hedgehog 2   
KR Manual
          The Hedgehog – Showrocker 340 – 29.06.2017   
none
          Bhojpuri Actress Priyanka Pandit Upcoming Movies 2017, 2018 List & Release Dates   
Latest Update: Bhojpuri Actress Priyanka Pandit Next Upcoming Movies List 2017, 2018 & New Release Dates. Below are complete list of new movies releasing of Bhojpuri Actress Priyanka Pandit. Including his Poster, Film, Actress and other lead star cast name. Priyanka Pandit is an actress of Bhojpuri Cinema, She is one of the most popular and successful actress in Bhojpuri film industry.
Bhojpuri Actress Priyanka Pandit Upcoming Movies List of 2017 and 2018.
Movie Name Release Date Lead Star cast (Actor & Actress name) Poster
Kabhi Khusi Kabhi Ghum2016Khesari Lal Yadav, Akshara Singh, Priyanka PanditKhesari Lal Yadav, Akshara Singh, Priyanka Pandit New Upcoming movie Kabhi Khusi Kabhi Ghum 2016 wiki, Shooting, release date, Poster, pics news info
Rambo Raja2017Sanjeev Mishra, Priyanka Pandit, Ritu SinghSanjeev Mishra, Priyanka Pandit, Ritu Singh New Upcoming movie Rambo Raja 2017 wiki, Shooting, release date, Poster, pics news info
Hero Uhe Je Heroine Leke Jaye2016Rani Chatterjee, Priyanka PanditRani Chatterjee, Priyanka Pandit 2016 Bhojpuri upcoming Hero Uhe Je Heroine Leke Jaye wiki, Shooting, release date, HD Poster, Hot pics, Latest news info
Nache Nagin Gali Gali2016Ritesh Pandey, Priyanka Pandit, Nisha DubeyRelease date of Nache Nagin Gali Gali Star cast Ritesh Pandey, Priyanka Pandit, Nisha Dubey wiki, Poster, Photos, release date, News, Videos List
Dahshat2016Priyanka Pandit, Ram Mishra, Sanjay PandeyRelease date of Dahshat Star cast Priyanka Pandit, Ram Mishra, Sanjay Pandey wiki, Poster, Photos, release date, News, Videos List
Tohre Me Basela Pran2017Priyanka Pandit, Ritesh PandeySinger and actor Priyanka Pandit, Ritesh Pandey next upcoming 2017 film Tohre Me Basela Pran Wiki, Poster, Release date, Songs list
Zahreela2017Pawan Singh, Priyanka Pandit, Pakhi HegdeSinger and actor pawan singh bhojpuri cinema hot actress Pawan Singh, Priyanka Pandit, Pakhi Hedge next upcoming 2017 film Zahreela Wiki, Poster, Release date, Songs list
Baaghi IShq2017Priyanka Pandit, Manoj Tiger, Awadhesh Mishra, Kanak Pandey, Ritu PandeyPriyanka Pandit, Manoj Tiger, Awadhesh Mishra, Kanak Pandey, Ritu Pandey next upcoming 2017 film Baaghi IShq Wiki, Poster, Release date, Songs list
Kismatwala2017Nisar Khan, Ayaz Khan, Priyanka PanditNisar Khan, Ayaz Khan, Priyanka Pandit next upcoming 2017 film Kismatwala Wiki, Poster, Release date, Songs list
Priyanka Pandit Filmography: 
Movie Name Release Date Lead Star cast (Actor & Actress name) Poster
Deewane2017Pradeep Pandey 'Chintu', Priyanka PanditPradeep Pandey 'Chintu', Priyanka Pandit New Upcoming movie Deewane 2017 wiki, Shooting, release date, Poster, pics news info
Ichhadhari2016Yash Kumar Mishra, Rani Chatterjee, Priyanka PanditYash Kumar Mishra, Rani Chatterjee, Priyanka Pandit New Upcoming movie Ichhadhari 2016 wiki, Shooting, release date, Poster, pics news info
Samrajya2017Priyanka Pandit, Manoj Tiger, Rani ChatterjeePriyanka Pandit, Manoj Tiger, Rani Chatterjee Upcoming film Samrajya 2017 Wiki, HD Poster, Release date, Songs list

          List of Upcoming Telugu Movies of 2017 & 2018 : Release Dates Calendar for all New Telugu Films   

List of Upcoming Telugu Movies of 2017 - 2018 : Release Dates Calendar for all New Telugu Films

Here is List of all latest 2017 & 2018 Telugu Movies and all information of South Indian Films released. A complete update of all New releasing and upcoming Telugu films of Year 2017, 2018 and 2019.

Check out the latest listing of South Indian (Tollywood) movies released in 2017 and 2018 With His Actors, Actress and Release Dates information at MT Wiki Movie Database!
List of Telugu films of 2017 wiki, Upcoming Telugu Movies 2017, 2018 Calendar and Release Dates wikipedia, Tollywood New Movies  list
Release Dates of Telugu Movies in 2017, 2018 & Upcoming Tollywood Films List

Below are List of Upcoming Telugu Movies in 2017, 2018 and 2019

Release Date and Movie Name

Lead Star Cast (Actor & Actress)

12th January, 2017
Gautamiputra SatakarniNandamuri Balakrishna, Shriya Saran
Shatamanam BhavatiSharwanand, Anupama Parameswaran, Prakash Raj, Jayasudha
13th January, 2017
Khaidi No. 150Chiranjeevi, Kajal Aggarwal, Tarun Arora, Raai Laxmi
25th January, 2017
BalamHrithik Roshan, Yami Gautam, Sonu Sood, Ronit Roy, Girish Kulkarni
26th January, 2017
Yamudu 3(S3)Suriya, Anushka Shetty, Shruti Haasan, Vivek, Radha Ravi
BoganJayam Ravi, Arvind Swamy, Hansika Motwani, Akshara Gowda
LuckunnoduManchu Vishnu, Hansika Motwani, Tanikella Bharani, Raghu Babu
10th February, 2017
EzraPrithviraj Sukumaran, Priya Anand, Tovino Thomas, Sudev Nair, Vijayaraghavan
Om Namo VenkatesayaNagarjuna Akkineni, Anushka Shetty, Pragya Jaiswal, Saurabh Raj Jain, Jagapathi Babu
17th February, 2017
The Ghazi AttackRana Daggubati, Taapsee Pannu, Kay Kay Menon
Nenu LocalNani, Keerthy Suresh, Naveen Chandra, Sachin Khedekar
Kittu Unnadu JagrathaRaj Tarun, Anu Emmanuel, Arbaaz Khan
ChitrangadaAnjali, Sindhu Tolani, Raja Ravindra, Sakshi Gulati, Sapthagiri
24th February, 2017
GunturoduManchu Manoj Kumar, Pragya Jaiswal, Kota Srinivasa Rao
WinnerSai Dharam Tej, Rakul Preet Singh, Jagapati Babu, Mukesh Rishi
Babala BagothamBharat Babu, Rami Reddy, Shefali Sharma
Pilichina Palukavu O JavaralaJasmitha, Kiran Rathod
3rd March 2017
Navvula SandadiBabloo, Krishnudu, Nisha
Commando 2Vidyut Jamwal, Adah Sharma, Esha Gupta
10th March 2017
Premalo MugguruArjun Sarja, Cheran, Vimal
Jai BhavaniMeera Jasmine
SubhodayamKuppili Srinivas, MS Narayana, Shefali
HormonesAnuya Reddy, Diksha Panth, Santhosh
NesthaniviPavan Kumar, Posani Krishna Murali, Priyanka
Swapna SundariChandu, Pratishta, Ranjitha
AntheNagendra Babu, Nisha, Vijay Bhaskar
SwarnamanjiliAmruthavalli, Vishnu
AndhhagaduRaj Tarun, Rajendra Prasad, Heebah Patel, Ashish Vidhyarthi, Raja Ravindra
17th March 2017
SaindhavuduSrikanth Meka
Paisalo ParamatmaBaladitya, Mounika, Rajiv Kanakala
Vayasukanthamn.a
Tholi PataKota Srinivasan Rao, Krishna Vasa, Madhavi Latha
DuetKarthi, Aditi Rao Hydari, Delhi Ganesh, Vipin Sharma, Shraddha Srinath
24th March 2017
December 31stAbhinayashree, Chalapathi Rao, Jeeva
O ManasaAjay Manthena, Aparna Bajpai, Tejesh Naidu
DayaDev Gill, Gayathri Iyer, Nandamuri Tarakaratna
ContractAmeesha Patel, Arjun Sarja, J D Chakravarthy, Mallika Sherawat, Minissha Lamba
Prithvi IASAvinash, Parvathi Menon, Puneeth Rajkumar
Baburao NinnodalaJagapati Babu
OxygenGopichand, Anu Emmanuel, Abhimanyu Singh, Jagapati Babu, Sayaji Shinde
29th March 2017
Katama RayuduPawan Kalyan,Shruti Haasan
31st March 2017
Bullet RaniPriyanka Kothari, Ashish Vidhyarthi, Ravi Kale
Alexander IPSAnnapoorna, Dr Gidi Kumar, Prameena Naidu
GuruVenkatesh, Ritika Singh
7th April 2017
Chilipi Allarilo Chinni AasaSrikaran, Jasmitha
KeshavaNikhil Siddharth
SivalingaLawrence Raghavendra, Ritika Singh, Radha Ravi, Bhanupriya, Oorvasi
13th April 2017
LukkunnoduManchu Vishnu,Hansika Motwani, Tanikella Bharani, Vennela Kishore, Posani Krishna Murali
14th April 2017
RudhiramJagapati Babu
Sabaash NaiduKamal Haasan, Shruti Haasan, Ramya Krishnan, Brahmanandam
MisterVarun Tej, Hebah Patel, Lavanya Tripathi
ColorsGundu Hanumantha Rao, Siyana, Varun
Love AttackRia Achappa, Suman, Vamsi Krishna
Mohini JaganmohiniJayalalitha, Narasimha Raju, Rami Reddy
21st April 2017
DevDiganth Manchale, Charmi Kaur, Nathalia Kaur, Ananth Nag
28th April 2017
Bahubali 2: The ConclusionPrabhas, Tamannaah Bhatia, Rana Daggubati, Anushka Shetty, Ramya Krishna, Sudeep
AlalluRekha, Suresh, Vijay Sai
MondoduSrikanth Meka
5th May 2017
Cool Boys Hot GirlsPraveen
Neeli KalluAkanksha, Richa Panai, Suman
12th May 2017
Andamaina RojuluMadhu A Naidu
Donga PremaAngel Singh, Jai Akash, Kavitha
Nuvve Naa HeroSumanth Ashwin
KumbakonamBrahmaji, Raghunatha Reddy, Rami Reddy
Ayomayam ApartmentSai Sirisha, Satya Saagam, Vijay Bhaskar
19th May 2017
GaaliAjay Rathnam, Bhuvaneshwari, Vindhya
Maha ShankaruduSridhar, Sudharani
PlanMamtha, Rami Reddy, Saikiran
CriminalsNisha Kothari, Akhil Karthik, Ravi Babu, Uttej, Vijay Sai
26th May 2017
Black MoneyJagapati Babu, J.D. Chakravarthi
After DrinkMadhulagna Das, Reshmi, Sri Keerthi
GaadpuJ D Chakravarthy
Chandamama RaavePriyal Gor
RingsJohnny Galecki, Aimee Teegarden, Alex Roe
2nd June 2017
Rowdy SimhaSudeep, Saloni Aswani, Anant Nag
Gowtham NandaGopichand, Hansika Motwani, Catherine Tresa
ElevenNavdeep, Srikanth
Autowala ZindabadDharmavarapu Subramanyam, Prachee Adhikari, Saikiran
Sri Sai SankalpamKrishna Bhagavan, Kalpana Chowdary, Padmini
9th June 2017
Kaarulo ShikarukelitheIshika Singh, Dheeru Mahesh, Suresh Reddy, Jabardasth Phani, Sudharshan Reddy
VadhaVamsi Krishna
Feelingsn.a
Natho NenuJai Akash
Intintaa AnnamayyaSanam Shetty, Revanth, Ananya, Ananya
YuvatejamS.Srinivasulu, Megana
11th June 2017
Patel S.I.RJagapati Babu
16th June 2017
Hyderabad Love StoryRahul Ravindran, Reshmi Menon, Sija Rose, Dhanraj Sukhram
Ninu Chusina KshananaAnish Tejeswar, Barbie Chopra, Brahmanandam
23rd June 2017
Duvvada Jagannadham (DJ)Allu Arjun, Pooja Hedge
SambhavamiMahesh Babu, Bharath, Rakul Preet Singh, S. J. Surya
Simple Love StoryAmitha Rao, Karthik, Anvika Rao, Bhanu Chander
30th June 2017
SnehabandhamAli, Chitram Seenu, Suhas
VaishakamHarish Kumar, Avanthika Mishra
7th July 2017
2000 Crore Black Moneyn.a
Chalo One Two ThreeKeerthi, Saikiran, Sivaji Raja
DigbandhanaDhee Srinivas, Sravani, Dhanraj Sukhram, Nagineedu Vellanki
14th July 2017
Bombayi MitaiDisha Pandey, Niranjan Deshpande, Bullet Prakash, Chikkanna, Dimple Kapadia
Agent GopiRavi Babu
Vadevvadaina Sare Nenu ReadyAnnapoorna, Kiran Khan, Pujasri
Naaku Inko PerundiG. V. Prakash Kumar, Anandhi, Karunas, VTV Ganesh
NakshatramSundeep Kishan, Sai Dharam Tej, Pragya Jaiswal
21st July 2017
Entha Varaku Ee PremaJiiva, Kajal Agarwal, Bobby Simha, Sunaina, Rajendran
VasthavamDivya Nagesh, Krishnudu, Richard Rishi
I Hate UJayant
4th August 2017
Premaku SyeIndra Nag, Nikita, Kallu Chidambaram
11th August 2017
BhagmatiAnushka Shetty, Unni Mukundan, Aadhi Pinisetty
VashamKrishneswar Rao, Vasudevrao, Sweta Varmaa, Nanda Kishore, Gayatri Bhargavi
Raju Gari Gadhi 2Nagarjuna Akkineni, Seerat Kapoor, Samantha Ruth Prabhu
18th August 2017
Pakado PakadoAryan Rajesh, Kanja Karuppu, Monika Singh
21st August 2017
Touch Chesi ChuduRavi Teja, Raashi Khanna
25th August 2017
Raja The GreatRavi Teja, Mehreen Pirzada
Pellam HatyaSuhasini, Ramakrishna, Rithika
LechipodhamaParimal, Sandhya, Suman Shetty
01st September 2017
Ala Jarigindi Oka RojuKrishnudu, Tanu Roy
03rd September 2017
VoterManchu Vishnu, Surabhi
8th September 2017
RadhaSharwanand, Lavanya Tripathi
10th September 2017
Jai Lava KusaN. T. Rama Rao Jr., Raashi Khanna, Niveda Thomas
22nd September 2017
Life Ki Flat Form TeenageRaghava, Uma
18th October 2017
2.0(Robot 2)Rajinikanth, Akshay Kumar, Amy Jackson, Adil Hussain, Sudhanshu Pandey
01st December 2017
RampachodavaramAnushka Shetty
22nd December 2017
Kathalo RajakumariNara Rohith, Namitha Pramod
Upcoming Movie In 2017
Goutham NandaHansika Motwani
Katha NayaganVishnu, Catherine Tresa
VenkatapuramRahul, Mahima Makwana
DwarakaVijay Deverakonda, Pooja Jhaveri, Prakash Raj, Prabhakar
Nene Raju Nene MantriRana Daggubati, Kajal Aggarwal, Catherine Tresa
AndagaduRaj Tarun, Hebah Patel, Rajendra Prasad
AngelHebah Patel,Naga Anvesh, Saptagiri
FidhaVarun Tej, Sai Pallavi
Upcoming Movie In 2019
Jagan Mohan IPSNayantara, Gopichand, Raghu Babu, Kota Srinivasa Rao
Auto JaaniNayantara, Chiranjeevi
Also Check Out
List of Tamil Upcoming Movie
Top 10 Telugu Movies of All Times
Top 10 Telugu Actress of 2016 by Salary
Ravi Teja Upcoming Movies
Vijay Upcoming Movies
Nayantara Upcoming Movies

          Если бы ежи были хлебом   

В это сложно поверить, но до сегодняшнего дня никто никогда не задумывался о колоссальной схожести хлеба и ежей. Мы задумались. И вот что из этого вышло.


          THE LAST WEEK AT THE CFZ-USA BLOG   
CFZ-USA

  • COLORADO PHOENIX
  • WORLD APE MEN
  • PARANA CREATURE
  • BLACK-EYED KID
  • INFLATED HEDGEHOG
  • GORILLA IN NEW ZEALAND
  • BIGFOOT A SECRET?
  • BIGFOOT AND THE ACTOR
  • NEW ANT DISCOVERED IN SPAIN
  • $1 MILLION DOLLAR REWARD
  • CAN YOU FUNCTION WITH HARDLY ANY OR NO DETECTABLE ...
  • MAY, 2017: POSSIBLE BIGFOOT SIGHTINGS
  • NEW SPECIES OF PARROT
  • GREAT BARRIER REEF - ECONOMIC VALUE
  • PENNSYLVANIA BIGFOOT
  • ATTACK BY BIGFOOT
  • BIGFOOT IN ALGONQUIN PARK
  • IS NESSIE A VISITOR?
  • BEAST OF GÉVAUDAN
  • UFO OVER AIR FORCE BASE
  • COPROPHAGOUS CREATURES
  • BIRD WITH TEETH
  • BIGFOOT IN EAST TEXAS
  • BIGFOOT AND UFO ACTIVITY
  • ZAMBIAN SPACE PROGRAM
  • NOT SLEEP PARALYSIS
  • INTERVIEW WITH BIGFOOT AUTHOR
  • BIGFOOT AT TABLE ROCK?
  • EXTINCTION EVENT IN THE OCEAN
  • LORE OF THE HEN
  • OIECHEK - HUMAN EATER
  • HAWKING'S PROJECT INVESTIGATES SIGNALS
  • HOWLER MONKEY SNAKE
  • OSBORNE SEA MONSTER
  • DOG ELECTED AS MAYOR
  • SKUNK APE SOUGHT
  • BIGFOOT IN OKLAHOMA
  • WERE THESE GHOSTLY SNOWBALLS?
  • SERRA - A SHARP FISH
  • 3 EXTRATERRESTRIAL SPECIES
  • HAVE OTTERS INTERBRED WITH SHEEP?
  • THIS LOOKS INTERESTING
  • THE TOOTH MOUSE
  • RATS INFEST VILLAGES
  • ANTI-POACHING DRIVE TO SAVE TIGERS
  • REPORT ON DODO PICTURE
  • BATLIKE HUMANOID SEEN
  • FBI AID TEXAS BIGFOOT HUNT
  • HALF-A-DOZEN MONSTERS
  • EXISTENCE OF FAIRIES
  • WHAT ARE BLACK STICK MEN?
  • MAUSTON BIRDMAN
  • GIGANTIC SNAKES
  • HARASSED BY BIGFOOT
  • WEREWOLF, SKINWALKER AND DOGMAN
  • BISCARDI HUNTS BIGFOOT
  • BIGFOOT IN ROUND ROCKS PARK
  • WHEN IS BIGFOOT A RABBIT?
  • BIGFOOT DAY NEXT MONTH
  • GREEN HILL MONSTER
  • SKUNK APES AND SWAMPS
  • STEPHEN HAWKING AND OTHER WORLDS
  • MIB AT PLEASANT RIDGE
  • PSYCHIC DOGS?
  • DID TEENAGERS FILM BIGFOOT?
  • OMPAX - A DELIBERATE MYSTERY
  • MORE PTERODACTYL SIGHTINGS?
  • ANOTHER PLANET?

  • MOTHMEN AND MEN-IN-BLACK

  •           Pharma Bro's Hedge Fund Went From a Roaring Success to an Empty Shell in Just 30 Minutes    
    ...
      Life Sciences Jobs  
              Microsoft comes under even greater pressure to release Office for iPad   
    Why Microsoft has held out for so long on releasing its Office suite for the iPad is anyone's guess but Reuters reports that the company is coming under even greater pressure to bring it to market because many businesses who use tablets are finding other ways to get productivity software. Reuters cites the example of "Artivest Holdings Inc, a New York-based financial services startup that sells alternative investment products" and that uses tablet-tailored app Quip to meet its word processing needs. Reuters' sources say that Microsoft has an iPad version of Office ready to go but that it's held off on releasing it because it's worried about hurting sales of its own Windows tablets if it makes Office available on Apple and Android tablets. However, Microsoft really might not have much of a choice if tablet users are both avoiding Windows tablets and are finding ways to be productive that don't involve Office. ValueAct, an activist hedge fund that has taken a significant stake in Microsoft, has also been banging the table to get Microsoft to release Office for the iPad for the last year. ZDNet's Mary Jo Foley reported last month that we should expect to see Office for iPad released in the first half of the year, as outgoing CEO Steve Ballmer apparently had a change of heart and decided it was better to release the tablet-centric Office to the iPad even before releasing it to Windows tablets. However, Reuters' sources say new CEO Satya Nadella "wants to widen Office's customer base but has to balance that with the flagship Windows franchise, which benefits greatly from tight integration with Office, especially on desktop computers."
              2017 Arkansas Times Academic All-Star Team   
    Meet the best and brightest high school students in the state.

    The class of 2017, our 23rd, is made up of athletes, coders, budding politicians and brain experts. There's rarely a B on the transcripts of these students — in not just this, their senior year, but in any year of their high school careers.

    Back in 1995, we created the Academic All-Star Team to honor what we then called "the silent majority — the kids who go to school, do their homework (most of it, anyway), graduate and go on to be contributing members of society." Too often, we argued then, all Arkansans heard about young people was how poorly they were faring. Or, when students did get positive attention, it came for athletic achievement.

    As you read profiles of this year's All-Stars, it should be abundantly clear that good things are happening in Arkansas schools and there are many academic achievers who deserve to be celebrated. You should get a good idea, as well, of how these stellar students are busy outside school, with extracurricular activities, volunteer work, mission activities and more.

    They'll be honored this week at a ceremony at the University of Arkansas at Little Rock with plaques and $250 cash awards.

    Many college plans listed here are not set in stone, as students await information on scholarships and acceptances.

    CAROLINE COPLIN-CHUDY
    Age: 17
    Hometown: North Little Rock
    High School: Mount St. Mary Academy
    Parents: (guardian) Dennis Chudy
    College plans: Duke University

    Caroline Coplin-Chudy has a 4.4 grade point average — high enough to rank second in her class at Mount St. Mary Academy — and lost her mother to leukemia during her sophomore year, something she told us came to be a source of inspiration and drive during her academic development. "It was a big adjustment. After my mom passed away, it was just my stepdad. It's a weird realization coming to the idea that both of your parents are gone, and it's just you. ... I still think of her every single day. She motivates me to do well in everything, because my whole life I wanted to make her proud." Caroline is president of Mount St. Mary's Investment Club and of SADD (Students Against Destructive Decisions). She's also been a regular volunteer for several years at the Little Rock Compassion Center, whose recovery branch provides meals and health resources to people suffering from addiction. Caroline said she found healing from her own grief in the friendships she forged there. As the recipient of a Questbridge scholarship, described by Caroline's guidance counselor and nominator Amy Perkins as a program where lower-income students qualify for tuition to schools with which they "match" via an early decision process, Caroline will attend Duke University on a full scholarship. "I'm going to study biology and psych, with a minor in Spanish. My plan is to work at the Duke Center for Addiction [Science and Technology] helping people with drug addictions overcome that sort of thing. It's something that I've had experience with, watching my family go through things like that."

    AXEL NTAMATUNGIRO
    Age: 17
    Hometown: Pine Bluff
    High School: Subiaco Academy
    Parents: Sixte Ntamatungiro and Sylvana Niciteretse
    College plans: Rice University, neuroscience

    Axel Ntamatungiro grew up among books and maps dispersed throughout his home that "paint[ed] the walls with nuanced shades of knowledge." It shows. Not often can a high school senior explain, as Axel does, his love for studying the brain so easily. "Neuroscience is basically a neuron turning on and off," he said. "The fact that you have billions of these combinations that lead to consciousness, that's unbelievable." To continue learning about the mind, Axel is headed to Rice University on a full ride as a QuestBridge scholar. Maybe medical school or graduate school after that. Axel said his parents taught him a "humble intellectualism" that helped him understand "the irrationality of life." They always told him: "Work hard, but you need to realize you don't always get what you deserve." And life has been, at times, irrational and difficult for his family. Axel was the only member of his family born in the United States — in Little Rock in 1999. The rest migrated from Burundi in the early 1990s. They stayed here as the Rwandan genocide inflicted incredible damage in the area. That past was never hidden from Axel. "Instead of avoiding my questions, my parents level-headedly answered [them], telling me about Belgian colonialism, Hutu-Tutsi tension and the systematic poverty afflicting Burundi," he said. Maybe that is why Axel has never been afraid to ask big questions. He said it also helped to have a diverse group of friends who taught him new things. At his cafeteria table for lunch are kids from all over: Nigeria, Fort Smith, Japan, Bentonville and Russia. Everyone's small stories add to a global perspective, something bigger from something small, kind of like those neurons.

    JADE DESPAIN
    Age: 18
    Hometown: Springdale
    High School: Haas Hall Academy (Fayetteville)
    Parents: Brenan and Tiffany DeSpain
    College plans: U.S. Naval Academy, nuclear engineering

    For Jade DeSpain, the question, "Where's your hometown?" isn't necessarily as straightforward as it seems. The National Merit semifinalist, swimming star and Quiz Bowler spent much of her childhood in Beijing, where her parents — both fluent in Mandarin — taught her Chinese concurrently with English (and where, she notes, she acquired an "incredible prowess with chopsticks.") "We've moved around so much that I don't really have a 'hometown,' but Springdale is the closest I've ever gotten," she said. She's made her impact there, too, tutoring students free of charge through her volunteer work with the M&N Augustine Foundation and putting in time at the Arkansas Council for the Blind and the Springdale Animal Shelter. Jade is ranked second in her class, and her high school transcript is full of aced courses in trigonometry, physics and calculus. She's also the co-founder of Haas Hall Academy's coding club, so a career in nuclear energy development — Jade's field of choice — isn't just an aspiration; it's the plan. "I have a deep appreciation for nature," she told us, citing Devil's Den State Park as a spot to which she feels closely connected, and stressing the importance of preserving natural spaces and developing more long-term options for sustainable energy. On Christmas Day 2016, Jade checked her email to find that she'd attained something she'd wanted as early as age 12: acceptance to the U.S. Naval Academy. There, she'll major in nuclear engineering and complete her five mandatory post-Academy years in the Navy, after which she hopes to acquire a Ph.D. in the field.

    AVERY ELLIOTT
    Age: 18
    Hometown: Cabot
    High school: Cabot High School
    Parents: Dan and Melissa Elliott
    College plans: University of Arkansas, medicine

    Though many of our All-Stars seem destined from birth for academic greatness, there is the occasional inspiring All-Star who has had to overcome seemingly insurmountable odds. One of those is Cabot High School's Avery Elliott, who was born with nystagmus, a condition that causes involuntary eye movements that can make it hard for sufferers to concentrate and learn. Though it's hard to imagine it now, when she was in elementary school Avery found herself falling further and further behind her classmates in reading because of her condition. "That was difficult," she said. "I was behind schedule until about third or fourth grade. I would have to go home and really work with my parents to keep up with the rest of the class." Even though she struggled early on, Avery said that, in a way, the nystagmus contributed to her success and gave her a direction to follow. "I had to learn to really study even outside of school," she said. "I learned some very good study habits. But I think it also really affected where I wanted to go as far as my career. ... I really learned that a medical team can not only dispense medicine, but can really affect someone's life." A National Merit finalist who has volunteered extensively with Special Olympics and already completed 43 hours of college-level coursework, Avery has been awarded the University of Arkansas Fellowship. She plans to study medicine at UAMS after completing her undergrad degree, then practice in Arkansas. That goal has always pushed her to succeed academically. "I wanted to go into the medical field from an early age," she said, "so I knew starting out in high school that I needed to make very good grades in order to get where I needed to. I had to really learn the material, rather than just trying to ace a test."

    JARED GILLIAM
    Age: 17
    Hometown: Cabot
    High school: Cabot High School
    Parents: Dan and LeAnne Gilliam
    College plans: University of Arkansas, engineering

    When most young people say they want to change the world, it's easy to believe that's just pie-in-the-sky thinking by someone who hasn't yet been through the Academy of Hard Knocks. When Jared Gilliam says he wants to change the world, however, there's a good chance he might actually pull it off. Jared even has a plan: He'll change the world through engineering. A National Merit finalist and AP scholar with a GPA of 4.18 and a perfect score of 36 on the ACT, Jared is well placed to do just that. A musician who plays percussion with the Cabot High Marching Band, Jared said his favorite subject in school is math. "I think I'm mostly interested in engineering because I've always been sort of a problem-solver," he said. "I've enjoyed math and science, working through things and finding solutions to everyday problems. This year, I've been in robotics, so we've spent time working on a robot to perform various tasks. I've enjoyed that a lot. I think engineering is where my ability would best be used." He'll attend the University of Arkansas, which has offered him the Honors College Fellowship. He said the drive to excel academically has always been a part of his life. "I've grown up being encouraged to do well, and I guess I have my parents to thank for that and all my teachers," he said. "I think knowing that I have the ability to do all of this, I feel compelled to do what I can to make a difference. I think life would be pretty boring if I didn't go out there and do all the things I do. I don't think I could settle for not being successful."

    BENJAMIN KEATING
    Age: 18
    Hometown: Fort Smith
    High School: Southside High School
    Parents: Drs. Bill and Janice Keating
    College plans: Undecided

    If you were looking for a ringing endorsement of Ben Keating's character, you'd need to look no further than Amy Slater, the guidance counselor who nominated him for our Academic All-Stars roster and who said of Ben, "He is all the things I hope my son turns out to be. ... He really thinks about things, and he practices the trumpet and piano for hours a day. It's crazy, his dedication." Ben probably had something to prove here; he admits to some skepticism on the part of his mother when he announced he'd be pursuing a career in music. He's certainly proved his mettle; Ben is band president at Southside, was a principal trumpet for the 2017 National Youth Honor Orchestra, first chair for Southside's Wind Symphony and for the All-State Jazz Band and was ranked in the top-tier bands for All-State Band and All-State Orchestra each year from 2014-16. The accolades go on and on: Ben has received a Young Artist Award from the International Trumpet Guild, a Gold Medal from the National Piano Guild and superior ratings from the National Federation of Music Clubs competitions for over a decade. He plays for the Arkansas Symphony Youth Orchestra and as a volunteer musician for the Fort Smith Community Band. Ben is still deciding where to attend college, but wherever he goes, he hopes to continue playing with an orchestra. Eventually, he wants to teach at the university level. "Ultimately," he wrote, "I want to use my passion to unite people of all different races, backgrounds and cultures. In today's society that is politically and culturally divided, it is more important than ever to share the universal language of music."

    KATHERINE HAHN
    Age: 17
    Hometown: Hindsville
    High School: Huntsville High School
    Parents: Shannon Hahn
    College plans: Massachusetts Institute of Technology, biochemical engineering

    Katherine Hahn is ranked first in her class at Huntsville High School, which she attends because her hometown of Hindsville is too small to support its own school system. The population of Hindsville is "about 75 people," she told us. At Huntsville High, Katherine plays bass drum in the marching band and marimba/xylophone in the concert band and runs with the Huntsville cross-country team. Her real passion, though, is science. "I think I've always wanted to go to a college that was science-based and research-based," she told us. Her high school principal, Roxanne Enix, noted her own surprise when Katherine announced that she'd take 10 credits her senior year, instead of the recommended eight. "I thought she had lost her mind," Enix stated. Those credits, over half of which are in AP classes, are what Katherine hopes have prepared her for the rigorous workload at MIT. Aiming for a career in pharmaceutical development, Katherine plans to study biochemical engineering, something she said resonated personally with her as a result of her mother's struggle with skin cancer. "Biology helps me understand why medicine does the things it does," Katherine told us. "Whenever I first started out, I wanted to do environmental stuff," she said, but turned her attention to drug delivery systems after observing so many friends and loved ones battling cancer. "I want to help stop people from being scared of losing people," she explained. Katherine, a native of Tahlequah, Okla., who moved to Arkansas around fifth grade, has served on the Madison County Health Coalition as Youth Leader and was named Student of the Year in 2017 by the Huntsville Chamber of Commerce and Huntsville High School.

    GEORGIANA BURNSIDE
    Age: 18
    Hometown: Little Rock
    High school: Little Rock Christian Academy
    Parents: Bob and Ann Burnside
    College plans: Stanford University, biology and public policy

    When this reporter mentioned to friends at UAMS that she'd just spoken to an amazingly poised, optimistic and intelligent young woman with a spinal cord injury, they said in unison, "You mean Georgiana Burnside." Her reputation as a teenager who at 16 was paralyzed from the waist down in a snow skiing accident but who considers the event a "blessing" no doubt goes further than UAMS, all the way to Denver's Craig Hospital, where she spent "the most memorable two months in my life," she said, and where she returns to continue her rehabilitation. What is a spinal cord injury? She answers that it is a) a life changed in a split second, b) finding out that a bad attitude is the true disability, c) a time to show off wheelchair tricks, and d) spontaneous moments of unfortunate incontinence. In her essay for the Arkansas Times, Georgiana writes, "my physical brokenness has developed wholeness in my heart about the capacity life holds for individuals regardless of their disabilities." In a phone interview, Georgiana, once a figure skater, talked about her work with Easter Seals, fundraisers for Craig Hospital, and giving talks and testimony about her faith. Georgiana has regained the ability to walk with hiking sticks and leg braces, thanks to the strength in her quads. And, thanks to support from the High Fives Foundation in Truckee, Calif., which sponsors athletes with injuries and which has paid for some of her rehabilitation, Georgiana returned to the slopes over spring break, skiing upright with the aid of long forearm equipment. At Stanford, she'll study to be a doctor, with a goal to return to Craig Hospital as a physician who'll treat other injured youths who, though they may have, like Georgiana, at first believed their life was over, will learn they have "a unique role ... enabling the advancement of society."

    MITCHELL HARVEY
    Age: 17
    Hometown: North Little Rock
    High School: North Little Rock High School
    Parents: David and Susan Harvey
    College plans: Likely Mississippi State University, chemical engineering

    Mitchell Harvey is a big fan of the periodic table. "The elements are amazing little things," he wrote in his Academic All-Star essay. "They make up everything, yet we hardly see them in their pure form in everyday life." Mitchell decided they needed more exposure, so he started collecting examples of the elements and taking them to school for his peers and teachers to see. He extracted helium from an abandoned tank on the side of the road. He found zinc in wheel weights, grew crystals of copper with electrolysis and made bromine, which he describes as "a blood-red liquid that fumes profusely," from a "crude" homemade distillation setup and pool chemicals. Though you can buy sodium readily, Mitchell made his by melting drain cleaner (sodium hydroxide) with a blowtorch and then passing a current through it, separating the mixture into sodium metal, oxygen and water. His parents were OK with the procedure, he says, because he wore a Tyvek suit, three pairs of gloves, safety goggles and a face shield. While on a college visit in California last summer, Mitchell toured Griffith Observatory in Los Angeles and was impressed by the large periodic table display exhibit there. So he decided to build one for North Little Rock High. He got money from the school's alumni group, the Wildcat Foundation, to pay for the supplies necessary to construct the 9-foot-by-6-foot display. He hopes to have it completed in the next two weeks and fill it with examples of elements he has collected, though he may need additional funding to pay for other elements. No. 1 in a class of 687, Mitchell scored a perfect 36 on the ACT. He's also an Eagle Scout, and led a project to plant 800 native hardwood seedlings at Toltec Mounds Archeological State Park. After college, Mitchell said, he might start his own waste remediation business. "The business model I would be going for would be taking some byproduct that's hazardous and turning it into something useful."

    CARSON MOLDER
    Age: 18
    Hometown: Mabelvale
    High school: Bryant High SCHOOL
    Parents: Kevin and Ruby Molder
    College plans: University of Arkansas

    Not everybody plays the mellophone and likes to draw up better interstate exchanges, but Carson Molder does both. The University of Arkansas Honors College-bound student, No. 1 in his class, likes to create three-dimensional schemes in his head, and has been creating road designs since he was young. But as a musician who plays the French horn in his school's orchestra and the mellophone in the Legacy of Bryant marching band, and who has won a band scholarship in addition to his Honors College reward to the UA, he said that one day he may be an audio engineer. "I'm going to put things together and see what sticks," he said of his future. Meanwhile, Carson said the internet has been his Nina, Pinta and Santa Maria, taking him to new places that he otherwise could not get to. "I can count on my hands the number of times I have set foot outside Arkansas," Carson wrote in an essay for the Arkansas Times. But with the internet, "I can gaze into the redwood forests of California and the skyscrapers of New York City without leaving my desk." Without the internet, he said in a phone interview, "I would not be at the top of my class." Carson added, "It's not going to replace going out and visiting these things, but if you're a kid and don't have the money to go out, you can visit Yellowstone." Carson, who describes himself as "really ambitious," is looking forward to studying with Dr. Alan Mantooth, the director of the UA National Center for Reliable Electric Power Transmission. The UA, he said, "will provide me the tools" he'll need to succeed in graduate school, which he hopes will be Stanford University.

    OLIVIA LANGER
    Age: 18
    Hometown: Jonesboro
    High school: Brookland High School
    Parents: Kelly Webb and Jonathan Langer
    College plans: University of California, Santa Barbara, chemistry

    You might think that a student who is No. 1 in her class and a National Merit finalist with nary a B on her high school transcript might not consider one of her greatest achievements her selection as her high school's drum major three years in a row. But here's the thing: Schoolwork comes easy to Olivia Langer. "I never had to work hard," she told us. In fact, her style of learning is "conversation-based," she said; she enjoys "debate without argument." But music was different: "I struggled at points, and had to put in extra work to be good." Her selection as drum major was "something I know I've worked for," she said, and she has enjoyed the responsibilities that come with it. "I like to take care of people. The band calls me band mom," she added. Beside numerous academic awards, Olivia also earned a 2017 state Horatio Alger scholarship for students who have overcome great obstacles. Hers, Olivia said, was financial: She's always had a place to stay and food to eat, but she hasn't been able to afford academic programs. "Honestly, I wasn't able to visit any of the colleges I applied to," she said. So she will see the UC Santa Barbara campus for the first time when she arrives this fall. She's considering a double major in chemistry and anthropology; she's interested in the evolutionary side of anthropology, and plans to seek graduate and post-graduate degrees.

    REBECCA PARHAM
    Age: 18
    Hometown: Alma
    High School: Arkansas School for Mathematics, Sciences and the Arts
    Parents: Eileen and Rick Parham
    College plans: University of Arkansas or Hendrix College

    On a visit to Hanamaki, Japan, with her school, Rebecca Parham noticed that once a month all the citizens would clean the front of their homes and shops. Folks would give each other gifts, too. "It was clear people tended to think for the whole," she said. "I thought that was really nice." An avid chemist, Rebecca did not just improve her Japanese on the trip, she brought those lessons of helping the community back to Arkansas. Her work has been at the intersection of heady science and community impact. In her robotics club, she noticed that girls were less likely to participate. "I decided that was not OK," she said. So, she designed a day with LEGO kits to encourage women to pursue STEM education. That desire to make an impact goes beyond school, too. For her senior project, Rebecca designed a test for homebuyers to see if meth had been cooked on their property (yes, meth). Her parents, on hearing of this project choice, asked her to "please explain a little bit further ... ." Here's the gist: The method of meth production in rural areas has shifted to something called the Birch reduction; older testing kits would no longer work. But Rebecca thought she could produce one that could. She designed a flame test. It finds lithium compounds left behind. The process of invention was "definitely frustrating," Rebecca said, but you "learn things you never thought of before." Rebecca did not plan to spend senior year in her dorm late at night "searching online" how to identify meth production, but she has a driving curiosity toward science and how it "connects to the world." She hopes to work in renewable energy — to be part of the global community, from Japan to Arkansas — making the world a nice place in which to live.

    GRANT ROBINSON
    Age: 18
    Hometown: Searcy
    High school: Searcy High School
    Parents: Eric and Lisa Robinson College plans: University of Arkansas

    Grant Robinson's father is a cardiologist, and Grant long figured he would follow in his dad's footsteps. But now he's not so sure. Last summer, he was selected, among thousands of applicants from around the world, to participate in a Stanford University summer engineering program. He got to experience a taste of college life, to take advantage of Stanford's decked-out labs and to tour the area to see results of civil engineering. The most memorable part of the program? Grant's small group built a Rube Goldberg machine — a complicated gadget that performs a simple task in a convoluted way — that, by Grant's estimation, was "the most complex and aesthetically pleasing" in the program. It included an electromagnet the group handmade and chemical reactions triggered by the machine. Grant's academic achievements are the byproduct of a natural curiosity. He said he spends what little free time he has exploring YouTube, trying to figure out the way the world works. Another influence: His father, who pulled himself out of poverty to become a doctor, has always instilled in him the importance of hard work. The message clearly stuck. Grant is second in his class of 263, with a 4.27 GPA. He scored a 35 on the ACT. He's a Presidential Scholar. His classmates voted him most likely to receive the Nobel Prize. He also participated in Project Unify (now known as Unified Champion Schools), an effort by the Special Olympics to get young people with and without special needs to come together for activities. Grant helped plan a basketball tournament as part of the project. In the fall, he'll be rooting on the Razorbacks at the University of Arkansas.  

    JOHN SNYDER
    Age: 18
    Hometown: Little Rock
    High school: Little Rock Christian Academy
    Parents: Jill and Steve Snyder
    College plans: Cornell University, industrial and labor relations

    Whatever you were doing by your senior year in high school, chances are you probably hadn't already authored a book, much less a book on the complicated intersection of taxation and politics. John Snyder has, though. His book, "The Politics of Fiscal Policy," explores the political aspects of economics, including the pros and cons of various governmental tax schemes and their effect on government spending. It's for sale on Amazon right now. "It's pretty concise," John said, "but I wanted a way to express all my ideas in economic terms. That was a great way to do that." A history buff who serves as vice president of his class, John has a stunning 4.49 GPA and is ranked first in his class of 129. Though he wanted to be a lawyer when he was younger, his plan now is to go into investment banking. "Ultimately I want to have my own hedge fund — this thing called an activist hedge fund — and eventually I want to be actively involved in politics, whether that's in the midst of my business career or after ... . I'd love to run for public office one day." At Cornell University, John will be studying industrial and labor relations, a field that marries his love of multiple subjects. "Basically it ties in business, law, economics and history all into sort of one degree," he said. "You can do limitless things [with the degree]. Some people go into law school, some go into banking, some go to politics. That's why I chose that degree." John said his philosophy is that we have only a limited amount of time on earth, and so we should try to make the most of our lives. "I think there are a lot of things I can do to change the way things currently are in society, whether it's related to business or in academia or public policy," he said. "If I don't play a role in that and I'm not striving to do my best, I would feel like I'm wasting my potential."

    PRESTON STONE
    Age: 18
    Hometown: Benton
    High school: Benton High School
    Parents: Haley Hicks and Brec Stone
    College plans: University of Arkansas, pre-med

    Benton High School's Big Man on Campus — No. 1 in his class, captain of the football team, an AP Scholar, straight As — can add to his resume the fact that he helped build his home. Preston, his two brothers and his mother bounced around a bit after her divorce, from Texas to Arkansas, living with grandparents and friends, Preston said. Then the family was selected by Habitat for Humanity, and he and his brothers pitched in to build their house. "It was the first place I could truly call home and it allowed me the stability I needed to grow into the kind of student I am today," he wrote in his essay for the Arkansas Times. Preston, who also helped build a school outreach group called SERVE to help new or struggling students, also credits sports for giving him purpose. He recently volunteered to trade in the pigskin for a basketball, joining a team that played boys at the Alexander Juvenile Detention Center. "It was an awesome experience," Preston said in a phone interview. "We were a little bit nervous at first" at the detention center, he said, but the team enjoyed the game — even though they lost to the Alexander team, formed to reward inmates with good behavior. "They practice every day," Preston said. Preston has received a $70,000 Honors College scholarship at Fayetteville. He won't be playing football with the Razorbacks. Instead he is thinking of following a pre-med track that will lead him to sports medicine. He plans to go Greek, as well.

    KARINA BAO
    Age: 18
    Hometown: Little Rock
    High school: Central High School
    Parents: Amy Yu and Shawn Bao
    College plans: undecided

    Karina Bao embraces complexity. The Central High School valedictorian (in a class of 636) is a member of the school's back-to-back state champion Ethics Bowl Team, for which she said she spent hours "researching, discussing and sometimes even arguing" case studies. Unlike debate, she said Ethics Bowl is "really about the back-and-forth and considering different caveats and nuances and considerations" in issues ranging from local food to gender identity. As president of the school's Brain Club, she leads discussions on brain diseases, disorders and anatomy. It's a role for which she's more than qualified: She placed first in the U.S. Brain Bee, a youth neuroscience competition in which contestants answer questions about anatomy and make diagnoses based on patient actors. Placing No. 1 in the U.S. competition landed Karina a trip to Copenhagen, Denmark, to the International Brain Bee, which happened to coincide with a Federation of International Neuroscientists conference, where Karina got to talk to scientists from all over the world about their groundbreaking research. She placed fifth in the international competition. A perennial outstanding delegate winner at Model United Nations competitions, Karina said Model U.N. has helped her to "not be scared of the complexity and interconnectedness of pressing issues we face today." In her spare time, Karina volunteers on the oncology wing of Baptist Hospital. "You don't get to do much," she said. "But at least we get to talk to people and help them with whatever they need and be there to listen." In her Academic All-Stars essay, Karina echoed the same drive for understanding: "The stories other people share with me become not my own when I retell them, but a part of humanity's collective spirit to understand each other. We grow from hours of listening and crying, to empathize, to have the strength and openness to pop each successive layer of the protective bubble that keeps us from seeing the very world in which we reside."

    BRYCE COHEA
    Age: 19
    Hometown: Greenwood
    High school: Greenwood High School
    Parents: Mike and Robin Cohea
    College plans: University of Tulsa or Vanderbilt university, biology

    Though he grew up landlocked, far from the deep blue sea, Greenwood High School standout Bryce Cohea knew from an early age that he wanted to be a marine biologist. To reach that goal, Bryce had to start early. "In the ninth grade," he wrote in his Academic All-Stars essay, "I began planning out all my classes for the next four years. I wanted to graduate top of my class, and in order to do that I would need to take every advanced placement class and get an A in every class." That's exactly what he did, too, making nothing less than a perfect grade in every class for his entire high school career. With a 4.25 GPA and a rank of No. 1 in his class of 275, Bryce has volunteered extensively with the Salvation Army and collected shoes for the homeless; he helps unload trucks and stock shelves at the food bank at his church. A National Merit semifinalist, he also has the distinction of having scored the first perfect ACT score of 36 in Greenwood High School history. "I've honestly been a good test-taker," he said. "The first time I took it, I got a 34. After that, I got the test back and I worked on whatever I missed. After a few more tries, I got a 36." Bryce was still deciding on which university to attend when we spoke to him, but he definitely plans to study science. The subject has always interested him, he said. "I'm planning on majoring in biology and then specializing after that," he said.

    IMANI GOSSERAND
    Age: 16
    Hometown: Rogers
    HIGH SCHOOL: ROGERS HIGH SCHOOL
    Parents: James and Hyesun Gosserand

    College plans: University of Southern California, Harvey Mudd College or Columbia University, computer science or environmental science

    Imani Gosserand has a journal in which she organizes the many moving parts of her life — competitive gymnastics, AP classes, computer science, Young Democrats, volunteering — into lists. Personal stuff is in there, too: bucket lists, remembrances. The journal combines the creative and the organized; it is problem-solving with an artful flare, which is how Imani operates. "I really like being able to create something of my own," she said of computer science. At a camp at Stanford University, in California, her team won the competition to program a car. Imani, not surprisingly, is good at math: She learned multiplication at age 4 and went on to skip two grades. Imani thinks schoolwork is fun. "We had a huge packet of homework problems we had to do over one of our breaks," she said. "And no one else was excited about it except for me. I was like 'Oh, I'm so excited to do all these problems!' " She brings that enthusiasm for problem-solving to bigger issues, as well. "I feel like there are so many opportunities for me because our world relies on technology, so I think I could go into any field," she said. She's excited to explore and see where she can help. "I want to meet people from around the world and hear different perspectives."

    C.J. FOWLER
    Age: 18
    Hometown: Little Rock
    High School: Central High School
    Parents: Bobbi and Dustin McDaniel and Chris and Kim Fowler
    College plans: Yale University

    C.J. Fowler has long been around Democratic politics. His stepfather is former Arkansas Attorney General Dustin McDaniel. But C.J. said he decided to become more politically involved himself after he came out as gay. "The situation that I'm in is not great," he said. "People are not always accepting. But it's on me if I want to try to change that and make it better for the people who come after me. I have to make sure that my community and all marginalized communities have a seat at the table, because far too often a bunch of old gray white guys are making policies that hurt everyone else." The student body president of Central High, C.J. said he's tried to move the student council, a glorified dance committee, toward advocacy and activism for students throughout the district, whose future is being decided by those "people sitting in dark rooms." He said students too often get left out of the conversation about the district "because we're too young to have opinions. But we're not; we're living it every day." C.J. has been a fixture at Little Rock School District public comment periods. Though he can't point to any policy victories, he said at least LRSD Superintendent Mike Poore knows who he is and that he disagrees with him. C.J., who is also the executive director of Young Democrats of Arkansas, sees the backlash against President Trump as encouraging. "We're realizing that, if we're going to go all in for progressive values, we need to go all in." Rather than join the chorus of progressives in the Northeast after he finishes at Yale, C.J. says he wants to come back to Arkansas and possibly continue in politics. He admires state Sen. Joyce Elliott (D-Little Rock) and says he hopes if he ever holds office that he can follow her example.

    SOPHIE PRICE
    Age: 18
    Hometown: Fort Smith
    High School: Southside High
    Parents: Claire Price and Scott Price
    College plans: Vanderbilt University, political science

    "Growing up, I would always argue with everybody," Sophie Price said. Sometimes it was just to play devil's advocate, but mostly, it was because Sophie wants to find the capital-t Truth. Some of this digging for truth is class: seven AP course just this year and 12 during her time in high school. But, some of it is also talking with people, discussing issues. "The best way to improve your argument is to hear the counters, to hear the other side," Sophie said, and often she is willing to be convinced. She wants to do the right thing; she believes in justice. Which is why after college at Vanderbilt on a full scholarship, she wants to field arguments as a judge. "My whole life I've followed this ideal that you have to do what's right," Sophie said. "I want to be a judge so I can kind of decide that." Vanderbilt was the only school to which Sophie applied. She knew it was the right one for her. She arrived in Nashville on a rainy day in January, but through the gloom, she knew. "Something about the beautiful campus and the intelligent people and these varying perspectives just sold me immediately," she said. In a few months she was back at Vanderbilt for a camp where she studied law, and it cemented the deal. "There was something so exhilarating about being able to have this case and have the facts and kind of create your own narrative and really advocate for someone that drew me in," she said. Watch out, because "everything I do, I want to give it a 120 percent," Sophie said.

    MEAGAN OLSEN
    Age: 17
    Hometown: Fayetteville
    High School: Fayetteville High School
    Parents: Anjanette Olsen
    College plans: University of Arkansas Honors College, chemical engineering

    Fayetteville High School’s top student, with a perfect ACT score of 36, a 4.2 gradepoint average and the co-author of a paper on fractal self-assembly, is not just a bookworm. She’s a leader, her counselor Cindy Alley says, who shows “grit, motivation to succeed and a desire to help others.” She is also, Alley says, “a pure joy to be around.” In her essay for the Arkansas Times, Meagan talked about how she came to understand “ternary counters,” a base-3 method of counting in which only the digits 0, 1 and 2 are used. (Binary counters of 0 and 1 make up our computer’s “thinking,” as people with 10 fingers, we use base 10 to count.) Meagan, trying to make a “self-assembling ternary counter,” said she banged her head against “endless walls” for weeks. Then just after 1 a.m., she woke up with the answer. It’s a wise child who gives credit where credit is due: “I understood,” she wrote, “my mother’s advice about taking a break whenever I was upset.” Meagan’s paper on fractal self-assembly was published in the 22nd International Conference on DNBA Computing and Molecular Programing. She no longer lets frustration prevent her from solving a problem; sometimes, she’ll just sleep on it. Meagan told the Times she plans to attend a small conference this summer and then take some needed down time. She plans to use her degree from Fayetteville to pursue biomedical research.
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              Comment on World View launches chicken sandwich in test ballon flight by LocalFluff   
    Flied sicken in pace! I think space is womewhat catching on in popular culture. A little. Slowly. Soyuz will launch "Mayak" (=beacon) on July 14 with another funny payload. A cubesat (or maybe bucket sat?) that unfolds to a 16 square meter surface to become brighter than any star on the night sky. http://www.zerohedge.com/news/2017-06-29/russian-satellite-will-launch-two-weeks-will-be-brightest-star-sky The small sat explosion (metaphorically speaking) could lead to some funny things like this.
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              Global Debt Hits A New Record High Of $217 Trillion; 327% Of GDP   
    Found via galacticconnection.com/



    by Tyler Durden
    The Institute of International Finance is perhaps best known for its periodic – and concerning – reports summarizing global leverage statistics, and its latest Q1 report was the most troubling yet, because what it found was that in a period of so-called “coordinated growth”, global debt hit a new all time high of $217 trillion, or over 327% of global GDP, up $50 trillion over the past decade. So much for Ray Dalio’s beautiful deleveraging, oh and for those economists who are still confused why r-star remains near 0%, the chart  below has all the answers.



    Not surprisingly, China continues to be the biggest source of global debt growth, with the country’s total debt load now surpassing 300%.




    While much of the debt issuance at the financial sector level has moderated in recent years, supplanted by outside money created by central banks, debt in the non-financial sector has continued to grow, and as of Q1 2017, hit an all time high of 242% of GDP.



    An interesting observation by the IIF: despite the recent dollar strength (if not so much in the past quarter), dollar bond issuance in Emerging Markets has been on a tear over the past year.



    Another notable observation: while the EM bond universe has increased by $2.5 trillion to $18.4 trillion since 2016, only 25% of this debt is tradeable via benchmark bond indices.



    What is more troubling, however, is the IIF’s observation that despite the relentless foreign portfolio inflows into EM, the credit quality of many emerging markets has deteriored rapidly in the past year.



    This is an especially acute problem because there is over $1.9 trillion in EM bonds and loans coming due by the end of 2018. Should the EM sector fall out of favor with investors, and if the debt can not be rolled over, it could result in substantial liquidity events across the EM space.



    Finally, here is perhaps the most troubling chart of all: for all those wondering how oil-exporters in the Gulf region have funded their budgets, and maintained their economies from sliding into recession or social disorder, the answer is shown below: a dramatic increase in new debt issuance.



    So what is the policymakers’ response as global debt hits new all time highs? To raise interest rates.

    http://www.zerohedge.com/news/2017-06-29/global-debt-hits-new-record-high-217-trillion-327-gdp

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              ‘Pornography Is What the End of the World Looks Like’   

    Chris Hedges writes at Truthdig: “Fifty Shades of Grey,” the book and the movie, is a celebration of the sadism that dominates nearly every aspect of American culture and lies at the...

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    Wie Mark Schneider, der neue CEO des Schweizer Nestlé-Konzerns, den ersten Angriff von Daniel Loeb abwehrte, verrät Kraft und Eleganz. Der amerikanische Hedge Fund-Manager, dem ein Prozent der Nestlé-Aktien gehören, hat bereits eine Gruppe von aggressiven US-Milliardären um sich geschart und greift nun den Elefanten Nestlé an wie es eine Horde von Hyänen tut, welche […]
              Every Errol Morris Documentary Ranked, From ‘Gates of Heaven’ to ‘The B-Side’ (Photos)   

    The master of absurd and idiosyncratic documentaries, Errol Morris said of his first film that, “to love the absurdity of people is not to ridicule them but to embrace on some level how desperate life is for each and every one of us.” All 11 of his documentaries ranked here, including his latest “The B-Side” out today, are challenging and hilarious films that have shaped fiction and non-fiction movies alike.

    11. “The Unknown Known” (2013)

    With “The Unknown Known,” Morris goes down the same rabbit hole as in “The Fog of War,” but he has to contend with Donald Rumsfeld’s elliptical, oxymoronic reasoning as he tries to justify going into Afghanistan hunting for WMDs that were never there.

    10. “Fast, Cheap and Out of Control” (1997)

    What do a lion tamer, a hedge trimmer, a robotics engineer and a mole rat researcher have in common? Good question. “Fast, Cheap and Out of Control” is Morris’s strangest mishmash of a surreal, visual essay. Yet he finds a way to make it coherent and profound.

    9. “The B-Side: Elsa Dorfman Portrait Photography” (2017)

    Morris’s latest film is a pleasant portrait of a photographer known for taking giant, life size Polaroids, but it still contains heavy themes on mortality and impermanence. As a personal friend, Morris doesn’t shoot this film with his signature “Interrotron” and finds he can relate to Elsa Dorfman’s philosophies on truth in art.

    8. “Vernon, Florida” (1981)

    Similar in vein to “Gates of Heaven” but less bizarre, Morris sets up shop in a rural town in the South and finds the most peculiar local color. Whether it’s turkey hunters or a man who raises wild livestock, you have to wonder if Morris is asking sincere questions or just gawking.

    7. “A Brief History of Time” (1991)

    Only Errol Morris would illustrate the complexity of Stephen Hawking’s theories on the universe by showing a chicken materializing in space. Morris doesn’t dumb down Hawking’s math and science but expresses astonishment, and he likewise uses the opportunity to dive into Hawking’s unique personal history.

    6. “Standard Operating Procedure” (2008)

    Morris exposed the horrors of abuse and torture at Abu Ghraib, but he’s fascinated by the surreal psychology of the prison guards and soldiers that caused everyone to keep their mouths shut for so long.

    5. “Mr. Death: The Rise and Fall of Fred A. Leuchter, Jr.” (1999)

    Fred Leuchter has to be Morris’s most controversial interview subject. He became notorious as an expert on perfecting execution machines. But just as we start to admire and respect the guy’s principles and attention to detail, he’s called in to testify on behalf of a Holocaust denier, casting everything about his expertise into doubt.

    4. “Tabloid” (2010)

    Possibly Morris’s most sensationalized film and easily his most fun, “Tabloid” tells the story of the bubbly Joyce McKinney and the “Manacled Mormon” that in the ’70s became the stuff of gossip rag lore. Their accounts don’t even begin to add up, but listening to them is such a joy.

    3. “Gates of Heaven” (1978)

    Is Errol Morris making fun of these people who run two Northern California pet cemeteries? Almost certainly. How could you not laugh at the hilariously morbid anecdote of a cat caught in the dryer or the old woman with silver hair cackling at her little dog? “Gates of Heaven” took “cinema verite” norms and chucked them out the window, finding absurd reality in the oddest of places.

    2. “The Fog of War: Eleven Lessons from the Life of Robert S. McNamara” (2003)

    Morris won his Oscar for “The Fog of War,” which probed the policy choices and picked the brain of the Secretary of Defense Robert S. McNamara during the Vietnam War. What makes it unique is it takes great pains to see the world through McNamara’s eyes, even reflecting on a fascinating analogy about how a carton of eggs led to the proliferation of seat belts.

    1. “The Thin Blue Line” (1988)

    “The Thin Blue Line” is the magnum opus of all true crime films and stories, be it “Making a Murderer” or “Serial.” Morris set the table for the genre and redefined how we approach truth in storytelling, challenging an unwritten rule about filming re-imagined scenes in a documentary. It’s not just a captivating portrait of the justice system, but it also helped exonerate an innocent man.

    Related stories from TheWrap:

    Errol Morris on Trump: 'Does He Even Know That He's Lying?'

    Errol Morris Week on Grantland Scores With 6 New Short Films About Wacky Sports Stories

    Errol Morris, Werner Herzog Talk 'The Act of Killing' in Latest BitTorrent Bundle

    That Time Donald Trump Gave Charles Foster Kane Advice: 'Get Yourself a Different Woman' (Video)


              Taxus cuspidata   
    Japanese Yew. Yews' dense medium-sized shrubs are commonly used in clipped hedges and topiary. These slow-growing, long-lived plants range from 1-foot dwarfs to 60-foot giant trees. Their broad, needlelike dark leaves stay green year-round. The foliage is poisonous, and the scarlet fall fruit of female trees has poisonous seeds, so plant away from small children. Tolerate urban dust, air pollution, and, once established, drought. Protect from winter sun and drying winds. Require moist well-drained soils. Will not tolerate strongly acid or alkaline soils. Prune to control size and shape. Mostly disease-free, but prone to black vine weevils.
              Prosecutor: Shkreli Built Hedge Fund Empire on 'Lies Upon Lies'   
    In opening statements at the securities fraud trial of a former pharmaceutical company CEO, a federal prosecutor has told jurors that Martin Shkreli built a bogus hedge fund empire on "lies upon lies"
              Glenview Capital's Larry Robbins targets Dow-Dupont merger   
    Larry Robbins, Glenview Capital Management CEO, discusses his hedge fund's concerns over the merger between Dow Chemical and DuPont.
              John Hancock Hedged Equity & Income Fund Lowers Advisory Fee   

    BOSTON, June 30, 2017 /PRNewswire/ -- John Hancock Hedged Equity & Income Fund (NYSE: HEQ) (the "Fund"), a John Hancock Closed-End Fund, announced today that the Board of Trustees approved a proposal to reduce the Fund's advisory fee rate, effective July 1, 2017, to 0.95%, a decrease...



              John Hancock Hedged Equity & Income Fund Required Notice To Shareholders - Sources Of Distribution Under Section 19(a)   

    BOSTON, June 30, 2017 /PRNewswire/ -- John Hancock Hedged Equity & Income Fund (NYSE: HEQ) (the "Fund"), a closed-end fund managed by John Hancock Advisers, LLC (the "Adviser") and subadvised by Wellington Management Company LLP (the "Subadviser"), announced today sources of its...



              #41191: Create browse happy type notice for PHP versions   

    For tons of reasons we want people to upgrade their PHP versions, preferably to PHP7. While historically we've never bothered users with this, the Yoast WHIP project has proven that doing so can actually change the statistics in a meaningful way, both because users act and because hosts become more active when pushed harder.

    There's prior art for notices about PHP, both in Joomla and Drupal:

    https://www.drupal.org/node/2670966 https://image.ibb.co/gFa8MQ/wwww.png

    I would argue we should take a more positive approach than they do and focus on the speed benefits of PHP7.

    To do this, we would:

    1. Introduce notices that would tell people to upgrade their PHP.
    2. Link those to explanatory page that tell people what PHP is and why they should care.
    3. Link to pages that show them how to upgrade (preferably host specific if we can).
    4. Give them email examples of emails they can send their host if it didn't work out.
    5. Send them to the WordPress hosting page if all else fails.

    Let's start by fleshing out # 1, I've already got my content team working on # 2 as well. @hedgefield already had some ideas, I'll ask him to add them here :)


              John Hancock Hedged Equity & Income Fund Required Notice To Shareholders - Sources Of Distribution Under Section 19(a)   
    BOSTON, June 30, 2017/ PRNewswire/-- John Hancock Hedged Equity& Income Fund, a closed-end fund managed by John Hancock Advisers, LLC and subadvised by Wellington Management Company LLP, announced today sources of its quarterly distribution of $0.3760 per share paid to all shareholders of record as of June 12, 2017, pursuant to the Fund's managed distribution...
              Hain Celestial shares jump 8% as activist hedge fund moves in   
    Shares of Hain Celestial Group Inc. jumped 8.5% Friday, a day after an activist hedge fund disclosed a 9.9% stake in the organic food company and started to push for a sale and an overhaul of its board.
              Goldman Sachs begins selling some of its controversial Venezuelan bonds to hedge funds   
    Goldman Sachs Asset Management has begun selling some of the $2.8 billion in Venezuelan bonds it acquired in a controversial deal involving the country’s central bank, according to people familiar with the matter.
              Distribution Clerk - Foundation for Medical Care of Kern County - Bakersfield, CA   
    And *HealthEdge Administrators*. Foundation for Medical Care of Kern & Santa Barbara Counties*....
    From Indeed - Mon, 22 May 2017 23:26:53 GMT - View all Bakersfield, CA jobs
              CAPREIT More Than Doubles Size of Netherlands Portfolio   

    TORONTO, ONTARIO--(Marketwired - June 30, 2017) - Canadian Apartment Properties Real Estate Investment Trust ("CAPREIT") (TSX:CAR.UN) announced today that it has waived conditions and will acquire 19 properties totaling 849 residential suites located in eight cities and towns in the Netherlands. Included in the purchase are 102 single-family homes, 747 apartment suites and two commercial units. Approximately 29% of the suites are located in Amsterdam, 30% in Utrecht, 17% in The Hague, with the remaining 24% in five towns in the central and northern parts of the country. The purchase price of EUR170.4 million will be financed with new mortgage financing of approximately EUR100.8 million with a weighted average term of approximately 7.5 years bearing a weighted average interest rate of approximately 1.9% and the remaining with a euro-based loan under CAPREIT's credit facility, which currently has a 2-year hedged fixed interest rate of approximately 1.2%. Occupancy for the acquired properties is currently 97%. Closing of the transaction is expected on or about July 12, 2017.

              An American Boycott   
    I thought about this for a long time and all the supports and friends within our Network agrees...it is past time for a boycott against China Products, The Arabic Nations Oil, The United Nations Funding Needs, and any other country that has moved to replace the American Currency as the World Currency.
     The Name George Soros seems to turn up in places you it would not seem to think he was there. This video..
     Now no one stated this will happen but its better to be safe then sorry....
    Publisher, S&A Research
    From  Stansberry & Associates Investment Research has released a News Update...
     ....talked about the riches men in the USA...as soon as he said George Soros....at the very same time my mind was searching for his name, because this is his kind of work...To force the American People into some sorted New World Order Concept. George Soros must be using Pharmaceutical Narcotics...because he is full of himself.
     Supporting News:
    By Marin Katusa, Casey Research
    There's a major shift under way, one the US mainstream media has left largely untouched even though it will send the United States into an economic maelstrom and dramatically reduce the country's importance in the world: the demise of the US dollar as the world's reserve currency.
    For decades the US dollar has been absolutely dominant in international trade, especially in the oil markets. This role has created immense demand for US dollars, and that international demand constitutes a huge part of the dollar's valuation. Not only did the global-currency role add massive value to the dollar, it also created an almost endless pool of demand for US Treasuries as countries around the world sought to maintain stores of petrodollars. The availability of all this credit, denominated in a dollar supported by nothing less than the entirety of global trade, enabled the American federal government to borrow without limit and spend with abandon.
    The dominance of the dollar gave the United States incredible power and influence around the world… but the times they are a-changing. As the world's emerging economies gain ever more prominence, the US is losing hold of its position as the world's superpower. Many on the long list of nations that dislike America are pondering ways to reduce American influence in their affairs. Ditching the dollar is a very good start.
    and in Canada a few weeks ago and there were places that did not accept US dollars...found in comment page:
    Economist Paul Samuelson and others (including, at his death, Milton Friedman) have maintained that the overseas demand for dollars allows the United States to maintain persistent trade deficits without causing the value of the currency to depreciate or the flow of trade to readjust. But Samuelson stated in 2005 that at some uncertain future period these pressures would precipitate a run against the U.S. dollar with serious global financial consequences.[1]
    China and Japan Abandon U.S. Dollar as a Means of Trade 

    9 foreign countries where you can use U.S. dollars

    British Virgin Islands
    Much like neighboring U.S.V.I., the British Virgin Islands employ the U.S. dollar as their official currency. This connection makes travel between the two island groups especially seamless—and gives the B.V.I. its reputation as a well-established tax haven. Don't have millions in corporate profits to shore up? You can still find a haven of sorts at the Baths on Virgin Gorda; this unusual rock formation is one of our favorite secret Caribbean attractions (and, aside from the swaying palms, it's a lot less shady).
    I am still troubled over the amount of spending at around $109 Trillion Dollars
    Spending per year best guess at numbers...
    09/30/2001
    5,807,463,412,200.06
    09/30/2002
    6,228,235,965,597.16
    09/30/2003
    6,783,231,062,743.62
    09/30/2004
    7,379,052,696,330.32
    09/30/2005
    7,932,709,661,723.50
    09/30/2006
    8,506,973,899,215.23
    09/30/2007
    9,007,653,372,262.48
    09/30/2008
    10,024,724,896,912.49
    09/30/2009
    11,909,829,003,511.75
    09/30/2010
    13,561,623,030,891.79
    09/30/2011
    14,790,340,328,557.15
    according to statements by Political Officials they bring in only $3 Trillion Tax Dollars Per Year at around $33 Trillion in 11 years..
       $109 Trillion
    -   $33 Trillion
    _____________
      $73 Trillion - in the negative...as far as we know
     The News is spreading fast...
    Fri, Aug 23, 2013 at 7:24 PM
    7:24 PM
    I do not have the money to buy gold, and even if I did I would not buy the gold this Government has bought up. Odds are the market value will not go up, and you will lose money.
     Simple things to do, save up you coins... the value of the coin will grow or stay the same.
     from the half dollar to the penny
      
     collect old coins
     
     now this if things go bad will make good wiping paper or to start up your fire place.
     Now to make it clear, no one said this will happen, its more a 50% - 50% per cent chance we will see something take place.
     
    Also buy seeds for food, grow your own....because I went into BiLo and  I was charged $3.09 for a Loaf of Bread,,,I said no...a gallon of milk was close to $4 to $6.00 per gallon.... depending on which brand.
     Just say no and let the stuff rot on the shelf......
     Buy only American Gas...
     Buy only American Made Items.....
     In one month you will see a change...in six months....you will see a concern....in one year you will see these countries back paddle.....
     The Health Care Bill...just say no. I stand against it because of Abortion and Pharmaceutical Narcotics is paid for with the system...
    This is not a Tea Party Boycott, Democrat Boycott, or Republican Boycott....it is by all means An American Boycott.
     I for one will make a stand you have the right to do as you please....
    This is only  a few ideas, more will be most welcome...
     I must be off to other site I have over 136 to up date....this posting may be shared...there is no copy right for doing the right thing...
     One last note...if we do not boycott these countries this good old USA could fall into this area of Civil War that so may War Mongers want, and millions of people will die....

              Elite FBI Agent Indicted For Murder   
    ELITE FBI AGENT INDICTED FOR

    (2561) Elite FBI Agent Indicted For Murder - TEKEL - YouTube

    You read that right

    The FBI Agent who openly murdered Lavoy Finicun in Oregon and was later given a medal for the Open Murder has been indicted for 1st Degree Murder.

    These First Degree Murderers that disruptend the Ranch in Oregon are now being investigated and brought to court for harassment, Assault, Battery and 1st degree murder.

    The contracts that the Big H sold to Russia concerning US Uranium Mining Rights and Neodyn Metal Mining Rights are being rescinded ands the Big H organization is being torn down by the roots.

    Those involved in these treasonous acts are now being brought to justice wherever they are - starting with the FBI agent that openly murdered Lavoy.

    It has only just begun - TEKEL.

    Those Elites that do as GOD directs will live, those that do not will die.
    ==========

    In other News:

    1 Congress will only work 147 days next year - it’s on the Congressional Schedule.

    They are being given this vacation to allow President Trump to not clean house of the Traitors but also to re-industrialize America and make this nation Great again.

    2)  Walmart will no longer use Trucking Lines that ship for Amazon.

    Since Walmart and Amazon were both funded and built  by the CIA this is pretty bizarre.

    3) Google was warned by GOD if the screw with my profits GOD will screw with their’s

    Google has led You Tube to steal ad dollars form all You Tubers - costing me well over $120,000 per month --- but they think GOD is a myth.

    Yesterday the EU fined Google $2.7 Billion Dollars.

    Expect these fines to grow as long as Google ignore the Living GOD.

    Their fate is in their own hands and the hands of their stock holders.

    Please pray that they are mentally able to make the connection.

    4) Resveratrol could be effective in fighting Cancer.
    5) Good Read: In the 1950’s the CIA sprayed an entire town in France with LSD for no reason and here are the results:
    It got in the water, it got in the food, it got in the houses and:
    The entire town went insane.
    ==========
    Savings Tip Of The Day
    What to bring to the hospital:
    1) Cinnamon
    2) Sea Weed
    ==========
    Please pray for healing in this town in France and that President Trump is safe and casts off the shackles of the European Bankers.
    Pray also that when the Budget Cuts hit in October your family is safe from those cuts.
    ==========

    The News You Need

    The Wall Of Truth

    Dr William B. Mount

    BREAKING: FBI Agent Indicted for Lying About the Killing of Lavoy Finicum

    One Of The Main Reasons Congress Is Getting So Little Done Is Because They Will Have 218 Days Off In 2017 – InvestmentWatch

    It Begins: WalMart Warns Truckers It Will No Longer Work With Them If They Move Goods For Amazon | Zero Hedge

    Google Slapped With $2.7 Billion EU Fine Over Search Results - WSJ

    Resveratrol compound in grapes found to kill cancer stem cells – NaturalNews.com

    In The 1950s The CIA Sprayed A French Town With LSD, Here's What Happened

    It Begins: WalMart Warns Truckers It Will No Longer Work With Them If They Move Goods For Amazon | Zero Hedge











               Pharma Bro Martin Shkreli on trial for securities fraud charges    
    Martin Shkreli, aka the Pharma Bro, is on trial for multiple fraud charges. The former pharmaceutical CEO is being tried on 8 counts of securities and wire fraud related to when he ran two hedge funds, MSMB Capital and MSMB Healthcare. He is also accused of manipulating stocks illegally from Retrophin, a biotech company that he founded in 2011 but was ousted from in 2014. Before his trial, nearly 250 potential jurors were dismissed due to concerns of impartiality, as many jurors expressed hatred and disgust toward Shkreli. Shkreli caused public outrage when he dramatically raiseded the price by 5,000% of Daraprim, a potentially life-saving medicine for HIV patients and others with compromised immune systems, in 2015. Shkreli was dubbed by many a public disgrace and Americas Most Hated Man. Shkreli now faces 20 years in prison if convicted.
              Comment on Sweden Gives Returning ISIS Fighters New Identities to Help Them “Start Over” by kevin a   
    Sweden's Infamous "Bikini Cop" Quits Amid Growing Police Crisis http://www.zerohedge.com/news/2016-12-30/swedens-infamous-bikini-cop-quits-amid-growing-police-crisis
              Baker Hughes US Rig Count 30-Jun: 940 (prev 941) -US Rotary Gas Rigs 30-Jun: 184 (prev 183) -US Rotary Oil Rigs 30-Jun: 756 (prev 758)   
    BREAKINGhttp://www.zerohedge.com/news/2017-06-30/us-oil-rig-count-drops-first-time-24-weeks-trump...
              Politics Live - readers' edition: Friday 30 June   

    Discuss today’s politics and share links to breaking news, and to the most interesting stories and blogs on the web

    I’m not writing my usual blog today but here, as an alternative, is the Politics Live readers’ edition. It is a place for you to discuss today’s politics, and to share links to breaking news and to the most interesting stories and blogs on the web.

    Feel free to express your views robustly, but please treat others with respect and don’t resort to abuse. Guardian comment pages are supposed to be a haven from the Twitter/social media rant-orama, not an extension of it.

    Related: Jeremy Corbyn sacks three frontbenchers after single market vote

    Related: Northern Irish women win access to free abortions as May averts rebellion

    Related: Scottish government abandons 1% pay cap on public sector workers

    Related: Judge orders council to allow media into Grenfell Tower meeting

    Related: Change we need: David Cameron vetoed plan to scrap 1p piece

    Four council by-elections today: two Labour defences, one Conservative and one Lib Dem. @AndrewTeale's previews: https://t.co/sB47GgLt27 pic.twitter.com/oJECfONqkD

    Labour HOLD William Morris (Waltham Forest).

    William Morris (Waltham Forest) result:

    LAB 68.4% (+11.5)
    GRN 18.6% (+1.8)
    CON 13.0% (+6.2)
    LDEM NA (-7.4)
    TUSC NA (-4.3)
    UKIP NA (-7.8)

    Hedge End Grange Park (Eastleigh):

    LDEM 56.5% (+15.5)
    CON 26.7% (-10.9)
    LAB 12.2% (+0.9)
    GRN 3.5% (+3.5)
    UKIP 1.2% (-9.0)

    +/- corrected

    Council by-elections update:

    Labour HOLD Dawdon (Durham).

    Our West Lancashire GAIN Derby ward (West Lancashire) from Conservative

    Continue reading...
              Comment on The Bonds With A Draghi Tattoo by When "Whatever It Takes" Ends | Zero Hedge   
    […] Via Global Macro Monitor, […]
              Client Services Representative/Bilingual   
    City, London nocompany

    Client Services Representative/Bilingual sought by leading Financial Services organisation based in London.

    Prime Services Representative 

    As a liaison to our institutional clients, the candidate is responsible for providing unparalleled client service to our existing and prospective clients. This includes hedge funds, financial advisors, proprietary trading firms, banks and brokers. Our aim is to build and maintain long-term customer relationships while providing a seamless onboarding process for new clients as we expand our global product and service offerings. 

    Experience (essential):

    Act as primary service contact to top-tier clients, including hedge funds, financial advisors, broker-dealers, and exchanges.

    Fluent English mandatory; German, Hebrew, Arabic a plus

    Working knowledge of various exchange operations and regulations, product offerings and specifications, execution platforms and rules, and margin methodologies.

    Resolve routine and complex client service issues in a thorough and expeditious manner, utilizing sound judgment with an emphasis on courtesy.

    Client inquiries typically encompass a broad array of themes including: 

    Operability of our Trader Workstation, Web Trader and Mobile Trader execution platforms including trading modules and analytical tools; Cash deposit and withdrawal activity, position transfers, and account administrative functions. 

    Product availability and attributes; Exchange, clearing and depository functions; Order types and routing logic; Order status, trade and delivery settlement, exercise & assignment, expiration processing, and corporate actions.

    Margin calculations; Commission structure, interest and fee.

    Please apply within for further details or call

    George Cave
    Harvey Nash Finance & Banking



    Ihre Bewerbung:

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              Rock Creek's Winning Bet on Hedge Funds, EMs   
    The alternatives firm, run by Afsaneh Beschloss, uses broad themes to find promising investments.
              Siah Hwee Ang on China and the US addressing their beef, the growing global population, Asia's cost challenges, the return of the conglomerate, protectionism vs 'what's appropriate', Japan steps on to the Belt Road...gingerly, and more   

    Today's Top 10 is a guest post looking at the latest international business happenings from Professor Siah Hwee Ang, the BNZ Chair in Business in Asia at Victoria University.

    As always, we welcome your additions in the comments below or via email to david.chaston@interest.co.nz.

    And if you're interested in contributing the occasional Top 10 yourself, contact gareth.vaughan@interest.co.nz.

    See all previous Top 10s here.

    1. China and US smoothing things out

    China has lifted the 13-year import ban on some US beef.

    Although the lift only applies to specific types of beef, the announcement represents another achievement under the Sino-US 100-day action plan to boost bilateral economic ties.

    China banned imports of most US beef since 2003, after the spread of mad cow disease. Before the outbreak, the US was the largest supplier of beef for China.

    China consumed 8 million tons of beef last year, and is the fastest growing consumer of beef.

    The lifting of the ban represents competition for other suppliers of beef to China.

    The world will be a better place if China and US can smooth things out. But there are implications for competition out there.

    2. World population continues to grow

    The report “World Population Prospects: The 2017 Revision” was published by the United Nations Department of Economic and Social Affairs last week. It suggests that the global population will reach 9.8 billion by the year 2050.

    The revised report was a response to high rates of population growth in Africa and India.

    The UN report predicts, the populations of 26 African countries will double between 2017 and 2050.

    Nigeria, in particular is projected to surpass the U.S. as the third most populous country shortly before 2050.

    China, the most populous country in the world for a while now, might see its population size overtaken by that of India by 2024.

    The world population grows by around 83 million people each year. This in itself presents a lot of challenges around issues such as food security and sustainability.

    3. Asia is attractive for expatriates, but is also starting to present cost challenges

    The latest survey results on the cost of living for expatriates show that Asian cities make up 5 of the top 10 most expensive cities.

    Hong Kong, Tokyo, Singapore, Seoul, and Shanghai are in the Asian cities that are becoming costly cities to live in.

    The survey, conducted by HR firm Mercer, compares global prices for more than 200 items.

    Three other Asian cities are in the top 25: Beijing (11), Osaka (21) and Taipei (25).

    The north Asian cities of Tokyo, Seoul and Taipei have risen up the ranking significantly since the previous survey.

    Asia has provided excellent employment opportunities in the last decade. In many cases with competitive salaries.

    But have rising costs and newly-upskilled Asian residents brought about the end of this golden era?

    The window is indeed closing for expatriates, but doors are still open for those seeking to establish employment in Asia.

    4. Another milestone for China

    Just last week, the MSCI Emerging Markets Index included China’s A-shares as part of its portfolio.

    The index was created by Morgan Stanley Capital International (MSCI) and is designed to measure equity market performance in global emerging markets.

    The agreement to admit mainland-listed stocks, thereby allowing them to be traded by foreigners, comes after China’s three failed attempts at expanding its global market influence.

    Analysts have said that China’s inclusion on the Emerging Markets Index could lead to as much as US$12 billion of capital inflows. This is because many overseas investors measure the performance of their portfolios against MSCI indexes and are obliged to buy shares in them.

    The China Securities Regulatory Commission stated that the inclusion demonstrates international investors’ confidence in a stable Chinese economy with better prospects and in the steadiness of China’s financial market.

    MSCI said the move has “broad support” from international institutional investors and was the result of a loosening of restrictions enacted by China on foreign ownership of ‘A’ shares yuan-denominated stock in mainland China-based companies. Ownership of the shares had once been limited to mainlanders.

    5. Welcome back, conglomerates

    Last week, Amazon Inc. spent US$14 billion on the purchase of grocery chain Whole Foods Market Inc.

    The purchase brings disruption to the US grocery chain sector.

    Whole Foods’ 460 stores will run head-to-head with Wal-Mart’s 4,700 stores.

    Last year, Wal-Mart bought online retailer Jet.com in a move towards using e-commerce as a strategy.

    The latest acquisition represents the challenge that brick-and-mortar-only and ecommerce-only companies face.

    Price wars as a result of the increasing number of players and rising costs are forcing both sets of companies to look to more than one way of reaching out to customers.

    This has led to heated battles between these companies.

    We are bearing witness to the return of conglomerates, and high levels of intensity of rivalry as large conglomerates collide.

    6. Protectionism at its prime? Or is it all about industry structure?

    Airbus and Boeing have been involved in a 13-year World Trade Organisation (WTO) battle over illegal state aid.

    Most recently, the WTO’s compliance panel has rejected several EU claims that the US had failed to withdraw all illegal subsidies to Boeing.

    The WTO found all but one of the 29 issues highlighted by the EU to be in compliance with global trade rules.

    Both sides are likely to appeal against parts of Friday’s ruling. That would take the EU case to the WTO’s appellate body, which is already considering a separate US case over state aid to Airbus.

    Though there seems to be no winner from this the latest round, one can argue that it is ideal for both parties to stick to the status quo for the time being, rather than to lose a battle that could costs hundreds of millions.

    Overall, Airbus maintained that illegal state support for Boeing had cost it roughly $100bn in sales over time.

    These disputes raise questions over what constitutes protectionism and what’s considered appropriate as part of an industry structure.

    Aircraft businesses are government-owned/linked, which also means it makes little sense to think that the owners cannot get involved. How does this differ from engagements by other state-owned or state-linked enterprises in the international business arena?

    On a more fundamental level, to what extent do we allow governments to participate in business?

    7. Japan starting to play on Belt Road Initiative … with conditions

    Japanese Prime Minister Shinzo Abe has announced that his government is ready to cooperate with China on the Belt and Road Initiative, but only under the right conditions.

    Previously Japan, along with India had indicated they were not keen to get involved in the China-initiated project.

    Japan’s involvement is contingent on the projects adhering to international norms.

    Abe emphasized that it is critical for infrastructure to be open to use by all, and to be developed through transparent and fair procurement. Projects must also be economically viable and the debt sustainable.

    Given the strained bilateral relationship that Japan and China have had in recent times, the slight shift in Japan’s stance represents a significant move to smooth the relationship. It also shows a willingness to continue to engage with Asia more deeply, and to avoid being left behind.

    8. Opening the online floodgates for foreign participation in India

    Despite being a very technology savvy country, the Indian market is hardly an easy one for foreign companies.

    Only since last year has the country allowed foreign companies to sell groceries directly to consumers, on the condition that the produce and processed foods are sourced locally.

    Due to this limited window of opportunity, only major players have been able to enter the markets.

    The latest one is Amazon.com Inc., who has committed to investing around US$500 million over the next five years to build a nationwide network to stock and deliver groceries.

    Nonetheless, the Indian government is working on streamlining the process of foreign direct investment into the South Asian country.

    Competition can be intense, and in many cases already is intense: large markets are full of strong local players seeking to defend their turf from foreign players.

    9. The yuan makes another move

    The renminbi weakened 6.5% against the US dollar last year, its worst year ever.

    But late last year, China tightened capital controls to curb downward pressure on the currency. That effort has largely succeeded, with the renminbi appreciating 1.2% in 2017.

    Late last month, China’s central bank changed the way it guides the renminbi exchange rate, a move designed to enhance the government’s ability to prevent renminbi depreciation at a time when authorities are still concerned about capital flight.

    In the recently revised formula, dealers will incorporate a “counter-cyclical adjustment factor” in their quotes, according to a statement on the website of the China Foreign Exchange Trading System.

    The move will hedge against pro-cyclical fluctuation in market sentiment and alleviate the potential for ‘herd behaviour’ in the foreign exchange market.

    The People’s Bank of China permits the US dollar’s value against the renminbi to fluctuate by 2% above or below a so-called “central parity rate” published each morning, also known as the midpoint or fixing. The midpoint is ostensibly formulated by compiling quotes from a group of dealer banks, but the price is understood to be largely determined by the central bank.

    10. Shipping is back to business

    The shipping industry has been in some trouble for many years now.

    Container shipping, which accounts for 95% of movements of manufactured goods, went into a state of limbo when Hanjin Shipping of South Korea went bankrupt.

    Lots of cargo was stranded at sea.

    Since then, the industry has consolidated.

    Freight rates went down at the same time. This has led to an intensification in competition. Containers, typically 20 or 40 feet long are increasingly being used for inland activities.

    A.P. Moller Maersk A/S sold 70,000 of these containers last year alone. Many such containers are used in the construction of buildings and houses.

    Signs over the last few months suggest that demand is finally growing faster than capacity.

    The world cannot afford for shipping industry to suffer, as the ripple effect extends to trade. It looks like we’re set for a turnaround.


              19 of the best saddles — the seats that improve cycling comfort for men and women   
    • Bum comfort is bike comfort: getting the right seat is the most important factor in being able to ride without pain.

    • Width, shape and materials all contribute to comfort — use a dealer’s demo program to try before you buy.

    • The more you pay, the less you get — high-end saddles use materials like carbon fibre and titanium to reduce weight

    • Women usually get on best with wider seats with pressure-reducing cutaways that look after the soft tissues of the genitals.

    • Traditional leather saddles are still popular, especially with long-distance riders and retro fans, and can be very comfortable.

    Your saddle is arguably the most important component on your bike. Like that other key to comfort, your shorts, if it's doing its job properly you'll never notice it, but if it isn't — ouch! It’s your main contact point with the bicycle, and for some of us even subtle variations between two similar saddle designs can lead to one of them crossing fine line between comfortable perch and instrument of torture.

    For a lot of people the saddle they get with their bike works just fine. Every component on a complete bike has to contribute to meeting a price point, but bike manufacturers aren't stupid; they may spec a generic product but it is one designed to work for as many people as possible. And for a lot of us the saddle our bike was born with works just fine.

    Raleigh Mustang Elite - saddle.jpg

    Raleigh Mustang Elite - saddle.jpg

    However, if it doesn't or you want to drop some weight from your bike, or pep up its looks with a new saddle you'll need to find the right one. If it ain't broke though you may want to consider whether you really want to fix it before you start looking for another saddle. It's no surprise that pros, couriers, expedition riders — indeed anyone who spends a lot of time on a bike — takes the same favoured saddle from bike to bike. And you don't necessarily need the most high tech saddle to be comfortable or go fast — the Tour de France has been won on £25 saddles.

    If you do need a different saddle though you are faced with a bewildering choice. Saddles come in a huge variety of shapes and sizes to suit every type of riding from racing, touring, commuting and leisure cycling.

    While this huge choice means there’s a saddle to suit every bum, it does make knowing just where to start a touch tricky when you're faced with a choice of potentially hundreds of saddles. So you need to narrow down your choice to find the perfect saddle, and that's the aim of this guide.

    Shape

    The critical part of choosing the right saddle is finding a shape that fits your body and suits your riding style. Generally speaking, the more stretched out your riding position and the faster you ride, the narrower the saddle you need. And the more upright your position and the slower you ride, the wider the saddle needs to be. When you're stretched out, you place less weight on the saddle, but when you sit upright, the saddle has to support more of your weight. That's why race bikes have very thin saddles, and Boris bikes have extremely wide saddles.

    Eastway Zener - saddle and post.jpg

    Eastway Zener - saddle and post.jpg

    Manufacturers are getting better at helping you to choose the right saddle. Most have their own system of narrowing the choice, either by deciding what type of cyclist you are — usually by your range of flexibility and your position on the bike — or using a fit system that measures the distance between your sit bones, to pair you with the saddle that best matches your anatomy.

    A good saddle should support the sit bones, not the entire bum. It’s where your sit bones contact the saddle that is key, a saddle needs to provide adequate support in these two areas. That’s why many saddles are offered in different widths, reflecting the difference in people's anatomy. Some manufacturers offer up to three widths to suit the range of variance. The nose of the saddle supports some of the cyclist’s weight too. Oh, one thing to remember here is that just because you have a bigger bottom it doesn't necessarily follow that you have wider sit bones.

    selle italia slr t1 saddle

    selle italia slr t1 saddle

    Saddle shapes largely fall into several camps. Some are flat, some are rounded, some have scooped backs, some are narrow, others much wider. You can narrow down the choice by deciding what style of riding you do. A saddle that is too wide can lead to chafing, and one too narrow can feel like you’re sitting on a knife.

    Generally, thinner saddles with minimal padding are more suited to racers with deep, stretched riding positions, down in the drops and crouched low over the handlebars. Such a position means you’re not sitting with all your weight on the saddle; you actually put very little load on the saddle when riding in such a position.

    For touring cyclists saddles with a wider shape are favoured, as you don't adopt such an aggressive position when putting the miles in on tour as you do when racing. For long days in the saddle, and day after day, you need the highest level of comfort possible, and leather saddles are regularly the first choice. They're very durable too, and usually last years longer than saddles made from synthetic foam padding.

    Fabric carbon rails

    Fabric carbon rails

    For more leisurely riding where an upright position is adopted, more of your weight will be concentrated through the saddle. A wider saddle with more support and extra padding will be the preferred choice here.

    You can get saddles aimed at road racing, triathlon, touring, commuting, mountain biking, and they all take different approaches with shapes and padding. This does help narrow down the choice. There are some saddles that are favoured by different groups of cyclists, and there are some that seem to straddle the different camps. The Charge Spoon is one such saddle that leaps to mind as being particularly well suited to British bums, whether road racing, touring or mountain biking.

    Material, rails and shell

    The type of materials used to construct a saddle range from plastic bases and steel rails on entry-level models to entire moulded carbon fibre bases and rails on the very expensive models. The more you spend, the lighter the materials used, so if weight is a key priority for you, you need to start saving up. Lightweight saddles are those in the 200g region.

    If comfort is important to you, then steer clear of carbon rails as hollow titanium rails can often provide additional flex to absorb some of the vibrations that pass through the frame into the seatpost. We’re even seeing many professional racers choose these saddles over the very top-end models.

    The base of the saddle is an area where a manufacturer can design in extra flex, to allow the saddle to subtly deform upon impacts. Some have holes or different materials in key places that allow the foam to expand through the hole, or the base to flex in a controlled manner.

    The saddle cover can be made from synthetic leather like Lorica or real leather, and there’s many other materials manufacturers might use. Some add perforations and Kevlar edges to prevent wear and tear taking its toll. Time trial saddles often have a grippy material along the nose to stop the cyclist slipping back and forth, and we’re starting to see such materials make a presence on road saddles, as with Prologo’s CPC saddle.

    Leather saddles have a single piece of leather that is tensioned on a metal frame, so it’s essentially suspended like a hammock, and provides plenty of give that can prove very comfortable on longer rides. They need more looking after than regular saddles, and sometimes need breaking in. The leather needs proofing, and you need to be careful in wet weather, as they don’t much like the rain; that's why you most often find them on mudguard-equipped touring bicycles. Brooks is the name most associated with leather saddles but they aren't the only maker out there. Spa Cycles do a well regarded, and well priced, range of leather saddles that possibly require more breaking in than a Brooks, but not that much more.

    A fascinating recent development is the Brooks Cambium range of saddles, which use similar construction techniques to Brooks' leather saddles, but with modern materials. Instead of a sheet of leather across the ends of the rails, Brooks has come up with a combination of vulcanised natural rubber, cotton canvas and structural textile for the top.

    This top is inherently flexible, like a worn leather Brooks or a new one with the tension backed off slightly, and it moves slightly as you pedal. It's a design we like a lot.

    Padding and cutouts

    Most saddles use some form of foam padding, but the amount of padding used and the density can vary a lot. Racier saddles often have less padding, while saddles for commuting and leisure cyclists will have deeper and softer padding, to cushion the ride. However if you ride fast, or for long distances too much padding might not be your friend as it can move, pinch or chafe rather than supporting your sit bones.

    It’s easy to think a saddle with very firm padding is going to be uncomfortable, but once you get used to them they can be a lot more comfortable than softly cushioned saddles for riding of the fast variety. Because you lean forward, you perch on the saddle rather than sit on it, so you can get away with less padding. Strategically placed gel inserts are another frequent solution to providing comfort.

    Prologo Kappa DEA2 Saddle Detail

    Prologo Kappa DEA2 Saddle Detail

    In 1997 a study by Dr. Irwin Goldstein put the cat among the pigeons, claiming reduced blood flow cause by saddle pressure could lead to erectile disfunction in men and cause permanent reproductive failure. A load of nonsense it may be, but the story produced a lot of concern, and the saddle with the hole in the middle suddenly became very popular. Step forward Specialized in 1998 who produced their first Body Geometry saddle, with a cutaway channel claimed to restore the blood flow and so prevent numbness.

    In fact the idea is not new. The first saddle with a hole was actually born as early as 1903, and Georgena Terry produced the first modern example for women in 1992. It also has to be said that the claims for saddles with channels in them are hedged with all sorts of caveats.

    For instance there is no agreement that decreased blood flow, or even numbness will cause erectile dysfunction in men or genital numbness in women. And even proponents of channels and holes agree that there is another simple cure: stand up and any decreased blood flow to your bits will immediately resolve itself.

    Even if decreased blood flow does cause a problem depending how you are plumbed down there the amount of difference between a normal saddle and one with a channel may be minimal to non-existent. In the interests of science our editor Tony once had his organ wired up to measure the difference in blood flow between his usual saddle and one with a channel in it. For him at least it turned out there was no difference.

    So cutaways and channels are not for everyone. You only need look at the bikes of the professionals to see that many quite happily cycle many thousands of kilometres a year with little side effect, so there’s a lot more to comfort than just adding the channel. They do work for some people though, indeed some swear by them. It’s a case of trying different saddles and seeing what works for you.

    ISM PN 10.jpg

    ISM PN 10.jpg

    If you have particular urological or prostate problems it may well be worth looking at a saddle with a hole or channel or cutaway, and there are plenty to choose from. Or you might even take things a stage further and looking at something with a drop nose, like a Selle SMP or even a noseless saddle like the ISM Adamo Racing saddle pictured above,

    Saddle padding doesn't last forever, particularly on performance saddles. After a while the padding isn't really doing any padding anymore because it has become permanently squashed by the millions of times your bottom has compressed it. The more performance-oriented a saddle and the less actual padding it has, the more time limited its lifespan. Many top end performance saddles have an expected lifespan of a couple of seasons if used the way they are intended.

    Saddles for women

    Most manufacturers now have a large choice of women-specific saddles to recognise the differences in anatomy. Many women do get on just fine with men's saddles, just as many women happily ride men's bikes, but generally women have wider sit bones so there’s a choice of suitable wider saddles to suit. That said, looking at some saddle ranges, there’s still a much smaller choice for women than men, something which needs addressing.

    Georgena Terry developed a reputation for comfortable saddles aimed specifically at women, in doing so pioneering the first women’s specific designed products. She produced a saddle for women in 1992 with a cutaway section, a design she later expanded to men’s saddles.

    Try before you buy

    Ideally, you want to try a saddle on your bike before parting with your money, and a few saddle manufacturers recognise the problem of spending a lot of cash on an untested saddle. Some then offer try before you buy schemes, where you can run a saddle for a desired amount of time to decide if it’s right for you. That can save you collecting a large pile of saddles in your shed as you enter the quest for the ultimate saddle.

    Saddle height and bike fit

    As important as picking the right saddle, ensuring you have the saddle at the correct height and distance from the handlebars is also very important. Sometimes, you can have the right saddle, but you’re not sitting on it correctly, which can be a case of it being too far forward or backwards. If you find yourself wriggling about on your saddle a lot when riding, it could be a sign it’s not correctly positioned.

    We’d recommend getting a professional bike fit, and there are many available these days. They’ll assess your level of flexibility, physical limitations and your cycling goals, and ensure you’re correctly fitted on the bike. The bike needs to fit you, not the body fitting the bike.

    19 great saddle choices

    Fabric Scoop Gel — £49.99

    Fabric Scoop Gel Saddle.jpg

    Fabric Scoop Gel Saddle.jpg

    Charge describes the Fabric Scoop Gel as a 'comfort' design, and it ticks all the boxes: it's comfortable, well made, attractive and a fair price.

    It's aimed at leisure, commuter and off-road riders who adopt an upright position, so has large gel inserts covering the three pressure points – the nose and wings – plus a V-shaped central channel to alleviate pressure on your bits. It's a unisex design, as are all Fabric saddles, but is particularly suited to women with wider sit bones. 

    Bontrager Montrose Pro — £149.99

    Bontrager Montrose Pro Saddle.jpg

    Bontrager Montrose Pro Saddle.jpg

    The Bontrager Montrose Pro saddle looks great and is very well put together. It sits on the right side of the weight scale and it was very comfortable for me in its intended race-position use. Available in black or white, featuring a carbon reinforced shell and oversized full carbon 7x9mm rails it's offered in 128mm, 138mm and 148mm widths, all of which are 270mm long. Weights range from 160g to 172g.

    Read our review of the Bontrager Montrose Pro
    Find a Bontrager dealer 

    Fabric Line Titanium — £74.99

    Fabric Line Elite Saddle.jpg

    Fabric Line Elite Saddle.jpg

    The titanium-railed version of the Fabric Line (see below) doesn't save a whole lot of weight over the chromoly-railed model (which doesn't really matter as that's pretty svelte anyway), but you do get a little more in the way of comfort, because the titanium tubes tend to flex a bit. You can notice it when riding the two side by side.

    Read our review of the Fabric Line Titanium

    Fizik Antares R5 Kium — £114.99

    Fizik Antares R5 Kium Road Saddle.jpg

    Fizik Antares R5 Kium Road Saddle.jpg

    Fizik's Antares R5 Kium Road Saddle is surprisingly comfortable for speed-orientated road riding, and the build quality is top-notch.

    The Antares R5 sits in Fizik's Chameleon family of contact points. This is the mid-point of a three-category range created according to different levels of rider flexibility, which also includes handlebars (the other two are Snake/flexible and Bull/rigid). It's 275mm long and 142mm wide and Fizik describes its shape as 'wide and slightly curved in profile, which is ideal for riders with medium spine flexibility'.

    Read our review of the Fizik's Antares R5 Kium
    Find a fizik dealer

    Fabric ALM Ultimate — £225

    Fabric Alm Ultimate.jpg

    Fabric Alm Ultimate.jpg

    Fabric's ALM Ultimate saddle is an extremely lightweight saddle that's beautifully made. It's best suited to those who like a firm feel and don't mind paying a premium price.

    When your bum forst encounters the ALM it's a little surprising just how firm it feels. The 'ultra-light PU foam' padding is quite thin and there's not masses of give in the 'aerospace UD carbon fibre' base or the carbon-fibre rails. Don't get us wrong, it's not solid, but it isn't soft either.

    Read our review of the Fabric ALM Ultimate
    Find a Fabric dealer

    Brooks Cambium C13 — £149.99

    Brooks Cambium C13 carbon saddle.jpg

    Brooks Cambium C13 carbon saddle.jpg

    The Brooks Cambium C13 is the latest model in the English brand's excursion into non-traditional materials for its saddles. There's no leather or chromed steel at all here, replaced by the vulcanised natural rubber and cotton top surface previously seen in the original Cambium models, and – what's this? – a full carbon fibre structure underneath. It's very well made (in Italy, not Birmingham, unlike the majority of the range) and there's no breaking-in period, unlike the leather models.

    Read our review of the Brooks Cambium C13

    Morgaw Trian — £89.95

    Morgaw Trian Saddle.jpg

    Morgaw Trian Saddle.jpg

    A supremely comfortable saddle with innovative shock absorption built in, the Morgaw Trian is designed for comfort, and our tester thought it perhaps the most comfortable saddle he had ever used. It seems that the shock absorbers are what have really made it comfortable. Morgaw is a saddle company from Slovakia that began as a crowd funding campaign on Indiegogo. The idea behind it came from Martin Moravcik and Slawek Gawlik, two ex-pro mountain bikers who wanted to make a new kind of saddle.

    Rather than simply having the rails mounted onto the base of the saddle, they mount through shock absorbers in order to lessen the impact of bumps in the road. It is meant to protect your spine as this is naturally where the shocks radiate.

    Read our review of the Morgaw Trian

    Cosine Ti Sprint — £11.89

    Cosine Ti Sprint Road Saddle.jpg

    Cosine Ti Sprint Road Saddle.jpg

    Wiggle brand Cosine's range of saddles features four men's and two women's models for a variety of disciplines. This, the Ti Sprint Road Saddle, could be classed as the most extreme, with racing in mind. If that's what you're looking for, it's very good; just bear in mind it's not for long endurance rides.

    The design of the saddle is optimised specifically for those riding in a tucked aerodynamic position. The 140mm-wide flat body, with a long relief channel, helps to distribute your weight evenly on your sit bones rather than on any soft tissue. The narrow nose will stop your inner thighs from rubbing against the saddle during a pedal stroke; that seemed to work, although it's safe to say my climbing-sized thighs have never had much of a problem with that anyway.

    Read our review of the Cosine Ti Sprint

    Fabric Line Elite — £44.99

    Fabric Line saddle - 4

    Fabric Line saddle - 4

    Proof that you don't have to spend a fortune to get a comfortable saddle, for just £40 this is a super-comfortable performance saddle with pressure-relieving channel.

    It's based on Charge's popular Scoop but the foam padding is partitioned down the middle. The unique construction method means Fabric has been able to retain a full base, so you're protected from road spray (many saddles have a hole) and no reinforcement is needed of the foam padding, which means it can be lighter.

    Read our review of the Fabric Line Elite

    Spa Cycles Aire — £52

    Spa Cycles Aire Leather Saddle

    Spa Cycles Aire Leather Saddle

    If the three-figure price of a Brooks Swift is a bit rich for your blood, this very similar own-brand seat from Harrogate touring specialist Spa Cycles is a very acceptable substitute. It's made from thick Australian leather with shiny chromed steel rails; very handsome.

    Our tester found it comfortable even for 15-hour rides. For hard-core randonneurs on a budget or leather saddle virgins who want to try one without breaking the bank the Aire is just about perfect.

    Read our review of the Spa Cycles Aire

    Selle Italia Diva Gel Flow — £67.62

    Selle Italia Diva Gel Flow saddle

    Selle Italia Diva Gel Flow saddle

    The Selle Italia Diva Gel Flow saddle is one of the most widely rider-recommended women's saddles and it's easy to see why. It's comfortable, flexible, light and it even looks good too.

    This is a superior quality design offering superb comfort for all styles of bike and ride. An excellent women's saddle.

    Read our review of the Selle Italia Diva Gel Flow
    Find a Selle Italia dealer

    Rido R-Lt — £68.50

    Rido R-Lt saddle

    Rido R-Lt saddle

    The Rido R-Lt saddle is a reasonably lightweight performance choice that's built specifically to avoid numbness. This is a brilliant saddle. It does what Rido claim with regards to comfort plus the shape and fit are spot on. It is low profile enough to be taken seriously as a race saddle and at only 230g it isn't going to add any unnecessary weight to your race bike.

    Read our review of the Rido R-Lt
    Find a Rido dealer

    Genetic Bikes Monocoque Carbon — £71.45

     

    The Monocoque Carbon saddle from Genetic is just that: a saddle made mainly from carbon. It's light and comfortable, and not cheap, but it compares well against similar saddles from other manufacturers.

    For many road cyclists, especially those doing longer distances, it's not about just weight, nor just price. It's about the best combination of weight, price and (most important) comfort. And on that basis the Genetic Monocoque Carbon saddle is well worth considering.

    Read our review of the Genetic Bikes Monocoque Carbon
    Find a Genetic Bikes dealer

    Specialized Ruby Expert women's — £99.99

    Specialized's Body Geometry Ruby Expert saddle is one of those rare beasts, a lightweight women's specific performance saddle that's available in a choice of widths including a properly narrow 130mm to suit your style of riding and just as importantly your sit bones too.

    The cushioning is placed exactly where you need it to support your sit bones, effectively alleviating any discomfort or feeling of pressure. It's a super light, firm but comfortably supportive road saddle with width fittings to suit most riders.

    Read our review of the Specialized Ruby Expert
    Find a Specialized stockist

    Bontrager Serano RL saddle — £60

    Bontrager's Serano saddle draws on a shape that has been around for many years. A long flat and rounded middle section features with a raised tail and slightly dropped nose, with deep sides. It's the sort of shape that many cyclists will find comfortable.

    Read our review of the Bontrager Serano RL saddle
    Find a Bontrager stockist

    Brooks Cambium C17 — £92.99-£94.49

    Brooks Cambium C17 saddle

    Brooks Cambium C17 saddle

    What do you get if you combine the classic Brooks 'hammock' saddle design with thoroughly modern materials? You get the supremely comfortable Cambium C17. It's not the lightest saddle around, but f you value comfort over weight, then the Brooks Cambium C17 should be on your list of saddles you must try, and soon.

    Read our review of the Brooks Cambium C17
    Find a Brooks dealer

    Fabric Scoop Pro Flat — £129.99

    Fabric Scoop Flat Pro saddle.jpg

    Fabric Scoop Flat Pro saddle.jpg

    Scoop saddles are is available in three shapes: flat, shallow and radius. Though there isn't much padding in the Fabric Scoop Pro Flat, there is loads of flex in the one-piece base and it's this flex that really provides the core of the comfort. The carbon rails do provide a surprising amount of flex, but their shape and size isn't compatible with a lot of seat post clamps, so the best advice is to check your seat post is compatible; you might need to change clamp or post.

    The real beauty of the Fabric Scoop is the construction. The waterproof microfibre cover isn't stitched or stapled into place, it's moulded to a one-piece nylon base. It's really very impressive and if you get the chance to fondle one in your bike shop you really should, it's a marvellous bit of design.

    Read our review of the Fabric Scoop Flat Pro Saddle
    Find a Fabric dealer

    Rivet Independence chromoly — £149.99

    Rivet Independence cromoly saddle

    Rivet Independence cromoly saddle

    On the surface the Rivet Independence is a traditional leather saddle, but it has a modern twist in the form of a composite resin frame. anyone who fancies trying a leather saddle would do well to try the Independence.

    The Independence shares the quality construction and thick leather of Rivet's Pearl saddle, along with the all-important tension plate underneath, which prevent the saddle from splaying. Where it differs significantly from the other saddles in the range is the composite resin frame (complete with bag loops). This sturdy plastic helps to keep the weight down.

    After a short acclimatisation period our tester's backside and the saddle were in complete harmony. Anyone who fancies trying a leather saddle would do well to try the Independence.

    Read our review of the Rivet Independence chomoly saddle
    Find a Rivet saddles stockist

    Selle San Marco Mantra Superleggera Saddle — £299.99

    San Marco Mantra Superleggera Saddle.jpg

    San Marco Mantra Superleggera Saddle.jpg

    The Selle San Marco Mantra Superleggera Saddle is an incredibly light and very stiff design that allows for a really strong transfer of power.

    Weight is the biggest selling point of this saddle, and Selle San Marco has really pulled out all the stops in cutting down excess, it comes in at just 112.1g. 

    Read our review of the Selle San Mantra Superleggera saddle
    Find a Selle San Marco dealer

    For oodles of saddle reviews see the road.cc saddle review archive.

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              Ex-SAC trader points to Cohen testimony in insider trading case   
    A former SAC Capital Advisors trader, Mathew Martoma, is set to go on trial next month on insider trading charges, wants to cite in court some 2012 testimony given by the hedge fund's founder Steven Cohen, claiming it rebuts the government's case.


    The ex-SAC portfolio manager is scheduled for trial on January 6. He filed court papers late Friday seeking to use testimony given by Cohen to the U.S. Securities and Exchange Commission in May 2012.



    +Bob DeMarco

              Prosecutor: Shkreli Built Hedge Fund Empire on 'Lies Upon Lies'   
    In opening statements at the securities fraud trial of a former pharmaceutical company CEO, a federal prosecutor has told jurors that Martin Shkreli built a bogus hedge fund empire on "lies upon lies"
              Easy Loans! Bad Credit OK! Have we Learned Nothing from the Last Crash?   

    Personal Money Store Blog

    Alternative lenders are taking up the slack for both businesses and consumers by offering easy loans, and many of these lenders are using unusual criteria to approve loans. This could result in a financial catastrophe under the right conditions. A recent article posted at Zerohedge.com made a strong case that the current market conditions are

    Easy Loans! Bad Credit OK! Have we Learned Nothing from the Last Crash?


              Sonic the Hedgehog for PC on Windows & MAC   

    You shouldn’t be surprised if the title sounds familiar and the 8-bit soundtrack starts playing in your head when you read Sonic the Hedgehog. And yes this is in fact the same ever so famous game of the 90s which no kid spared playing. It must be a treat to the lovers of the this […]

    The post Sonic the Hedgehog for PC on Windows & MAC appeared first on Laptop PC Apps.


              The Hedge Fund Journal and EY announce the 50 Leading Women in Hedge Funds 2017   

    Building a better working world logo. (PRNewsFoto/Ernst & Young)NEW YORK, June 29, 2017 /PRNewswire/ -- The Hedge Fund Journal in association with EY recently announced the 50 Leading Women in Hedge Funds 2017. The fifth edition of the biennial survey recognizes 50 female hedge fund leaders based on interviews with industry experts in Asia, the US and...



              "China Faces Its Comeuppance" - Kyle Bass Warns Of "Tectonic Shift" In US Relationship   

    Hayman Capital's Kyle Bass ventured on to CNBC this morning to drop some painful truth bombs about Trump's "drastically changed Chinese diplomacy" and China's looming "come-uppance."

    Bass began by highlighting what he calls a "tectonic shift" in US-China relations in the last few days, pointing to two crucial events...

    1. Things changed drastically when US launched unilateral sanctions on China over North Korea...

    "Xi is a control freak and he absolutely doesn't appreciate the United States acting unilaterally"

    2. Things escalated when Trump sold $1.4bn in weapons to Taiwan, angering Beijing more as Bass notes:

    "Taiwan was the one area which Beijing has asked Trump to stay away from during his meeting at Mar-a-Lago."

     

    "Since the death of Otto Warmbier, any chance of meetings with North Korea are now off.. and our diplomatic relationship with China took a major step for the worse yesterday."

    Bass notes that "China is trying to make marginal changes in its balance of trade with US - buying beef once again and importing a lot more crude oil from the US."

    But then Bass shifts to the potentially even more precarious situation under the hood of China's economy. As Reuters reports, China's leaders want the restructuring of their massive non-performing loans problem to address financial risks while avoiding big employee lay-offs, and have instigated 'cure by committee'...

    "The solution for zombie firms isn't just bankruptcy," a Shandong-based banking official told Reuters. "The impact of bankruptcy is just too big. Just think about the thousands of workers. Social stability is key."

     

    Stability is always uppermost in the minds of Chinese leaders, and even more so this year, ahead of the five-yearly party congress this autumn, when a new generation of senior leaders will be selected.

     

    "China is avoiding the crisis of calling in loans that can't be repaid anyway," said Paul Gillis, professor of accounting at Peking University's Guanghua School of Management. "This buys time to do things in an orderly way."

    But Bass makes the crucial point that there are over 12,800 credit committees in China right now - overseeing CNY 14.5 trillion in debt for equity swaps - which is 8% of China's total non financial debt, and is over 3x the official NPL figure of 1.6%-1.9% of GDP.

    His final blow to any hopes that this solution will work...

    "This exceeds all the equity in the entire Chinese banking system."

    However, Bass's final warning of the endgame of this credit bubble is far more ominous, because all of the new-found economic confidence and military condidence is "based upon a massive credit expansion and they're going to have a comeuppance..."


              A Dog and Her “Ball”   
    One of Uschi’s new (and subsequently favorite) toys is this red thing that vaguely resembles a ball. It is presumably going to be the cause of my eventual deafness. If that’s not enough adorable for your Saturday morning, I also took a video of her with Mr. Hedgehog who may be broken but no less […]
              Enter the Hedgehog   
    Uschi isn’t really the type to wallow in grief, but even so I thought she could use some new friends to help her get past her recent loss. Let me be the first to introduce you Mr. Hedgehog and Mr. Octopus. They say that dogs tend to look like their owners, but no one ever […]
              Birthday celebrations   

    Hi everyone 
    today I have something special to share 
    The Dusty Attic team
    have gathered together and created a LO each 
    to celebrate Jennifer Hedger's Birthday  ( owner of Dusty Attic )

    here are some shots of my LO
    happy happy birthday Jennifer , enjoy every moment

    DREAM BIG 

    textured BG and of course lots of Dusty Attic Chippies .




    as most of you know I love to trim the chipboard
    and layer the pieces to add dimension and interest .
     these delightful little blooms are from
    49 and Market
    visit the blog to see more beautiful creations

    lots of layering , and texture .


    Take a look at the rest of the album by following these links .....
    the team's beautiful creations for Jennifer .
    Jen Burns compiled them into an album and it is massive !



    thanks so much for looking at my work ...
     Have fun gazing at all the sensational pieces of artwork by the team
    Creations for the birthday girl .

    big hugz and love to each of you who
    come by my blog 
    until next time happy scrapping xox  

              Art Journal cover - Dusty Attic overload .   
    Hi everyone
    a very warm Welcome to my blog 
    Today I am showcasing my first  Dusty Attic project for 2016 
    An Art Journal I created .

    This is my 3rd year designing with these amazing chipboard pieces .   
    I feel blessed to be on the team for another year
    Many thanks to Jennifer Mahoney Hedger and Jen Burns 
    for having me on the team again 
    in 2016 ... feeling blessed x

    Art Journal Cover - Dusty Attic overload !!
    I could not resist adding layer upon layer, and more layering.
    rich rustic colors and green/blue to compliment the rust .
    I will be showing you inside in the coming months .

    ART JOURNAL COVER 




     Dusty Attic material used .
    Crackle Paint /DA 0900
    Texture paste DA 1218
    Small film strip DA0935
    Jumbo Cogs DA 0232
    French flourish border/ DA0275
    Feather Charms #2 DA1381
    Dusty in color/Oceania DA0912
    Dusty in color/Jungle Green DA0920
    Foliage #4 DA1294
    Foliage #5 DA1295
    Mini Number Panel DA1052


     lots of layers and texture from every angle .





    REMEMBER  
    all chipboard can be purchased direct from the Dusty Attic website .




    Thanks for dropping by
    I love that you leave me some love to breathe into my soul
    until next time
    happy creating
    and a big hug from me xooxox  

              This Move In Bonds And Equities Makes Sense And Is Dangerous   
    The moves in equities and bonds has made sense as bonds were used as a hedge. Higher yields are a threat to equity markets here and that threat is increasing.
              Internet tax is real and I have been paying it for years, by Jeff Bezos   

    Internet tax is real and I have been paying it for years, by Jeff BezosHello, this is the CEO of Amazon/owner of The Washington Post Jeff Bezos. At around 9:00 a.m. on June 28, President Trump tweeted the following: The #AmazonWashingtonPost, sometimes referred to as the guardian of Amazon not paying internet taxes (which they should) is FAKE NEWS! — Donald J. Trump (@realDonaldTrump) June 28, 2017 Aside from the obvious inaccuracies in the president's tweet — Amazon doesn't own The Washington Post (I do), the Post isn't "the guardian of Amazon," and it isn't fake news — there's one massive, glaring issue that I take with the message.  Contrary to what Mr. Trump says, I do pay internet tax, and I have done so for several years. SEE ALSO: I have drawn the Trump administration as Sonic the Hedgehog and I am ready to answer for it For as long as I can remember, I have been paying my annual internet tax in the form of a personal check written out to the IRS. Each calendar year, I pull out my checkbook, write out a check for however many millions of dollars in internet tax I owe, put "tax for internet" in the memo and ship it first class in an envelope that says "government" on the front. Read it and weep, idiot.Image: mashable composite; shutterstockThat's right, Mr. Trump. The joke is on you, because I have been sending internet tax to the federal government for YEARS. I do my part to help this country. Can you say the same? You may be thinking, "Jeff, what is internet tax and how do you calculate how much you owe?" A good question, with a simple answer. Internet tax is a tax for the internet — a contribution people make to continue using the world wide web. I learned about it on a weight lifting forum in 1999, back before anyone realized you could lie online.  Internet tax is calculated pretty easily: each time you click the button on the mouse, you owe one dollar. Being a pretty prolific internet user, I pay an assistant $150,000 a year to live with me and count my clicks, and then I write out a check to the tax man. As you can see above, this year I clicked the mouse 28 million times. Yikes! Put it here like this so they'll see.Image: mashable composite; shutterstockMake no mistake: Internet tax is not the same thing as your internet bill. One is a bill, the other is a tax. They are different things. That being said, I would like to make it abundantly clear that if you have not been paying internet tax for as long as you have had the internet, you are breaking the law and will be arrested. Of course, if internet tax were as simple as I've made it out to be, we wouldn't all groan every time tax season rolls around, ha ha. Another more complicated part of the internet tax is that each year, about three weeks after sending the IRS your check, you will receive a call from the government informing you that they cannot accept your payment. They will tell you that you, "Do not owe this money," and there "Is not a tax on using the internet, it doesn't even make sense," and to "Please stop wasting government time by sending these enormous sums of money to our office." Whenever that happens, I simply continue sending checks to the IRS until they cash them. Merely another element in the cat and mouse game of internet tax. You know, sometimes, when I'm walking around in the big Amazon warehouse where I live with my whole extended family, I start to wonder if it's all worth it. Spending so much of my money, each and every year, on internet tax — is the internet worth the trouble? Then, I open my computer and log onto Twitter dot com, and see another insanely bad tweet from the 45th President of the United States. And I think to myself: yes. It's all worth it. Thanks for reading Mashable Humor: original comedy every day. Or most days. We're people, just like you, and we're trying our best.



              Risks Of Steps Taken By China And Japan To Hedge Against Raw Material Price Shocks   
    Nippon Steel Corp. is seeking to invest in Cia. Vale do Rio Doce's $1.4 billion planned coalmine, according to Bloomberg. This is a natural progression for companies being hit with continually increasing price of its basic raw and intermediate materials. Taking a script from the major oil refiners, Nippon Steel, the world's second-biggest steel maker is looking for ways to lessen the risks of price shock from rapid costs increases.

    Nippon Steel’s move closely follows the China model, which is trying to secure sufficient raw materials for steel manufacturing by buying into BHP Billiton. The rationale is simply to ensure steady supply of material at a reasonable rate, something that China has not been able to with Rio Tinto. As BHP Billiton pursues merger with Rio Tinto, the need for Asian industrial companies to buy into suppliers of raw material becomes more pressing.

    However, as China and Japan continue to buy stakes in leading mining companies, there is a growing risk that other nations may experience raw material shortage or be forced to pay a higher price on the spot market. Since Vale, Rio, and BHP control more than 50% of world’s iron ores, the investments by Japan and China bear watching.

    Of the two, China will be more aggressive as they are still in the development stage of the country’s lifecycle. As such, their economy will require more and more raw materials in the years to come. This will put China in direct collision course with its SE Asian neighbors, especially India. This will fuel increase in national protectionism and may lead to increased international friction between developed and developing nations. The friction will come from developing nations crying foul as more raw materials are diverted to developed nations while developing nations are forced to may ever increasing prices in the spot market.

    Regards,
    Ed Kim
    Practical Risk Manager
              Oliver Stone Tells Ron Paul: Edward Snowden Is The "Most American Of Patriots"   

    Director Oliver Stone, who’s recently released series “The Putin Interviews” stirred up controversy among liberals who accused him of being a Russian propagandist, appeared on the Liberty Report with former Texas Congressman Ron Paul to discuss the documentary, his views about former NSA contractor Edward Snowden, and why the US’s aggressive approach to containing the purported threat posed by Russia has led to a breakdown in relations between the two powers.

    Stone said he’s been “interested” in Russia since being raised as a conservative in New York City, claiming that his father instilled a “fear” of Communism and Russians in him at a young age. In the early 1980s, Stone visited the country for the first time as a screenwriter with the idea of interviewing several dissidents. He has returned several times since. In particular, Stone has become interested in the case of Snowden, whom he praised as “the most American of patriots.”

    “I was interested in Russia – I went back into the 2000s. The Snowden story occupied me. And of course, it’s so ironic that he the most American of patriots is living in Moscow because he has to. It’s the only country in the world that would give him asylum -  in other words it’s the only country in the word that can deny the US what it wants which is Snowden.”

     

    “[Putin] explained to me that Russians wanted an extradition treaty with the US for years, but nothing doing, because there are a lot of Russian criminals in America who stole money from Russia. He did nothing wrong in Russian terms so they gave him asylum - now its 3 years 5 years whatever its going to be. I wish Ed well I really do.”

    Stone tried explaining Putin’s point of view regarding the breakdown in relations between the US and Russia that has occurred since the end of the George W Bush presidency, saying the US’s decision to install new ABM defenses have greatly unsettled Russians, who see their installation as an encroachment.

    “We come around now to this period in 2017…for some reason an improving US-Russia relationship deteriorated completely. Mr. Putin in his interview goes into the ABM treaty, he goes into the expansion of NATO and the American support of terrorism in the caucuses while the Russians were helping them in Afghanistan.”

     

    “That’s an important issue for them. Many American lives were saved. I think you talked about those three issues NATO, ABM, the support of terrorism.”

    The ABM installations, in particular, are threatening a policy of “nuclear parity” that has existed since the Soviet Union, Stone said, adding that the notion that Russia is a threat to the US is “insanity,” given Russia's weaker economy and less powerful military.

    “ABM destroys the nuclear parity that existed. When Mr. Bush tore that up in 2001, that was a signal that the US wanted nuclear superiority, or a first strike option.”

    Stone also shared a story about watching the movie “Dr. Strangelove” with Putin, who he said was greatly moved.

    “I showed him the movie Dr. Strangelove…and he watched it very serious about it. He said this movie was very accurate of that time and it’s still accurate today.”

    Circling back to the issue of nuclear deterrents, Stone said he’s worried that rising tensions around the world could trigger a “nuclear confrontation.”

    “I’m saying I have reached that age when I am not really concerned about what happens to me but… it’s not just about the US, but about the whole planet and I feel a nuclear confrontation, an accident, could happen tomorrow. But you put ABMs in Poland and Romania - that’s a gigantic mistake.”

     

    “An ABM can be converted overnight from a defensive missile to an offensive missile. They’re surrounded from the North the East and the West by US missiles and we don’t seem to realize it.”

    Stone says he’s “scared for America,” explaining that many US citizens prefer to blindly accept media spin that’s favorable to the US establishment, without questioning it, or trying to understand Russia’s point of view.

    “It’s a good thing I went through JFK when I was younger…there’s been a lot of controversy around my movies. I’m scared not for myself because I’m at that age, they can’t destroy me anymore, but I’m scared for America, I’m afraid they’ve lost their sense. I’m afraid there’s a lack of foresight and leadership.”

    Stone denied allegations that he provided questions to Putin ahead of time, and said the four-part documentary is a great opportunity for Americans to learn more about Russia’s enigmatic leader.

    “Over four hours you can listen to a man who’s been there 16 years talk about the balance of power. We live in this spin cycle like a laundry every day it’s a crisis and I think that’s the way we like it, it creates more money but this is not a view of the world.”


              Лесная братва / Over the Hedge (2006)   
    stfw.Ru: Дата выхода в России (или в Мире): 26.05.2006Жанр: Зарубежные мультфильмы, Комедия, Приключения, Семейныйus HD 1080, ... Читать далее: http://video.stfw.ru/31833-lesnaya-bratva-over-the-hedge-2006.html
              Blog Post: Shkreli Investor Says She Felt 'Betrayed' By Bait And Switch   
    A former investor in one of Martin Shkreli's hedge funds on Thursday testified on how she felt "betrayed" by the now former Retrophin Inc. boss after being informed that her money had been used to prop up his fledgling drug company, in spite of his promise to cash out her position.
              Comment on OAL2017: Invisible Zipper + Hemming by LLADYBIRD   
    Thank you so much! You just succeeded in making me blush in one comment ;) haha!! That's a great idea about planting a privacy hedge! I will have to look into costs and talk to my landlord (I'm renting, and while I don't plan on moving - I have to ok with her, and also, I don't want to sink a bunch of money into something I don't own!), but it's certainly cheaper and easier than a fence!
              Comment on OAL2017: Invisible Zipper + Hemming by bethnegrey   
    You deserve many HALLELUJAH's, Lauren! And you are one very gifted teacher. I can't think of anyone I've come across online whose tutorials are any clearer (and more fun to read :-) ) than yours. Re your backyard, is there any way you could plant some quick growing shrubs that would work as a privacy hedge? Different stuff grows up here (Oregon) pretty much, but I'm sure TN has some gorgeous natives (besides you, LOL).
              The Golden Leash and the Fiduciary Duty Of Loyalty   

    In recent years, activist hedge funds have been experimenting with a novel practice in corporate governance: offering their candidates for the board of directors millions of dollars in bonus pay through a device known as a “golden leash.” Such arrangements, which are highly controversial, award directors for accomplishing activist objectives. An emerging body of work views the golden leash through the same polarized lens as activism itself: either the leash locks directors in to a self-serving, “short-termist” agenda, or it creates incentives for them to be better advocates for shareholders. This binary framing obscures some of the golden leash’s most promising qualities.

    Though novel and associated with shareholder activists, the golden leash belongs to a larger class of well-established, mainstream legal structures that reduce agency costs and increase expertise at individual firms by, paradoxically, tying directors to multiple firms. These structures include corporate governance innovations in two other areas of the capital markets, the venture capital ecosystem and the practice of corporate directors sharing information with outside entities. Like the golden leash, both of these models create overlapping obligations for directors. Yet these arrangements are welcomed by scholars, courts, and firms on the grounds that they improve enterprise value and corporate governance by quietly blending loyalties, notwithstanding the fact that they also make conflicts of interest more likely.

    The golden leash thus follows in a coherent, if unheralded, tradition of structures that forge ultraclose bonds between directors and outside shareholders. This Article argues that the risks posed by this blending of duties should be discounted by the availability of mechanisms to manage any conflicts that result and by advantages conferred in capital formation and governance. Properly designed and disclosed, the golden leash can promote not only superior returns but consensus-building, dialogue, and other values important to sound corporate governance.

    The post The Golden Leash and the Fiduciary Duty Of Loyalty appeared first on UCLA Law Review.


              Office Administrator   
    NY-Manhattan, Hedge Fund is seeking an Office Administrator to join their dynamic Office Administration team! This team creates and maintains an amazing office environment, ensuring that guests feel welcome, kitchens and supply closets are fully stocked, and the office has everything employees need. They manage a complex, high quality breakfast and lunch delivery program, and work with external vendors to make
              (Image)   

    1072 d8cc 400

    [Reposted from thehedgehogsdilemma via tishka]


              Executive Assistant   
    NY-Manhattan, Our client, a hedge fund with over 3b in assets is seeking an Executive Assistant to support their COO/CFO and Controller in Midtown Manhattan. This is a dynamic opportunity to work with a great group of people and get involved with a variety of projects. Ideal candidate will have a minimum of 2 years' executive assistant experience preferably from a financial institution. Duties: -Provide executi
              Application Support Engineer   
    NY-New York City, Application Support Engineer: Major NYC Hedge Fund with AUM in excess of $100 billion seeks an Application Support Engineer to handle an array of middle to back office vendor systems. This role will be supporting the applications by performing upgrades (mostly with vendor support), hotfix and patch installations, troubleshooting, reviewing logs etc. This role will serve as the IT liaison between t
              Uggs or Ugh?   
    A hedge fund investor's campaign at footwear maker Deckers may have limited upside.
              Additional Charges Announced in Case Involving Pre-Released ADRs   
    (HedgeCo.Net) The Securities and Exchange Commission has announced additional charges in an enforcement investigation involving the improper handling of American Depositary Receipts (ADRs) by a Wall Street firm’s securities lending desk. The SEC’s order finds supervisory failures by Anthony Portelli, […]
              Pantera Capital Targets $100M For New ICO-Focused Hedge Fund   
    (FINalterntives) Digital currency investment specialist Pantera Capital is launching a new hedge fund that will focus on investments into the initial coin offerings (ICOs) of start-up companies working in the blockchain space. To read this article:
              Shkreli’s Hedge Fund Went From Success to Bust in 31 Minutes   
    (Bloomberg) In 31 minutes a hedge fund managed by Martin Shkreli in 2012 went from a roaring success to an empty shell, one of his investors told a jury. Sarah Hassan, 27, who gave Shkreli $300,000 to invest, said she […]
              Several Hedge Funds Get Hurt as Rite Aid Deal Folds   
    (Bloomberg) Rite Aid Corp.’s merger with Walgreens Boots Alliance Inc. has gone up in flames, burning some hedge funds in the process. Walgreens announced Thursday it would scrap the takeover of the drugstore rival after a host of antitrust problems […]
              Traders Who Left Banks for Hedge Funds Heading Back to Banks   
    (Bloomberg) Traders who fled banks for hedge funds are on their way back to Wall Street. This month, Barclays Plc hired Chris Leonard, a founder of two hedge funds in the decade since he left JPMorgan Chase & Co., to […]
              Vineyard Foreman - Monte Creek Ranch Winery-Vineyard - Monte Creek, BC   
    The ideal candidate will have experience with operation of tractors with implements (mower, sprayer, grape hoe, hedger etc.), wind machines and overhead... $19 an hour
    From Indeed - Thu, 15 Jun 2017 19:51:10 GMT - View all Monte Creek, BC jobs
              Radio Free Hipster Ep. 51: The Chase   
    RFH logo

    In this episode, we celebrate 25 years of 'Sonic the Hedgehog,' 20 years of 'Harry Potter,' and the one-year anniversary of Mikal kHill's 'Human Disaster.' And I forget how words work. Several times.

    Click through to read all of "Radio Free Hipster Ep. 51: The Chase."

    If you value content from GeekDad, please support us via Patreon or use this link to shop at Amazon. Thanks!


              Ask a silly question…   
    [Josiah Austin] placed what ended up totaling $4.8 million in Elea Capital, a hedge fund that [Martin] Shkreli started, in 2007. “To make money,” Austin said, when asked why he did so.
              1 Careful Owner, and loads of maniacs who just drove it!    

    Watching Top Gear this week made me laugh a little more than usual, it also brought a wry smile to my face as I recalled something that happened to me in my past, and something that is going to happen again in the future to the poor unsuspecting Salesmen who sell the Volkswagen Tiguan that had Captain Slow James May behind the wheel or the Mazda CX 5 that Jeremy Clarkson was driving in the program. They were racing the 4 Wheel Drive cars across country, and just to add to the mayhem and giggles they were both towing caravans. 

    The manufacturers usually sell their ex demonstrators and company cars directly to their dealers or through their closed sales (Auctions for registered dealers) however I am pretty sure that this won’t be the case with the 2 cars featured, they will be sold to some poor unsuspecting Indy Dealer who is desperate for stock, the reason they will be syphoned out of the network is that they were abused by Clarkson and May and hammered round the track by the Stig, the Tiguan crossed the line pulling a 1 wheeled caravan thats stub axle was cutting into the ground and was leaving a spectacular shower of sparks in its wake,

    On the Mazda’s fast lap it was lifted off the tarmac and hoisted into the air when the caravan it was attached to overturned, the car which weighs over 1400 kg’s was then pushed forward by a force applied directly to its chassis via the tow bar, im not clever enough to work out the kgs per cm squared that it would take to do this, but if i can aliken it to the damage even the most svelte like woman wearing stiletto heels does to a wooden floor, when all her weight is concentrated and transferred to the floor through the very tip of her high heels.

    Phew its suddenly got very hot in here and I've lost my train of thought, now where was i? Argh yes, her rear end, erm, the Mazda's that is, and not the Woman in the stilettos, was lifted off the ground causing it to bunny hop down the track with its sump shield and front bumper scraping the floor, it came to rest suspended in mid air, and was left hanging precariously,  the Stig wasn’t hurt but Clarkson and May took the precaution of taking The Stig to the recycling centre and throwing him away, (Stig of the Dump, Get it, See what I did there?),  what they should have done is left the Mazda there instead. 

    The automatic braking system on the Mazda stopped Clarkson driving into a hedge, and James May driving into Clarkson, but it failed to stop Clarkson rear ending the Tiguan, supposedly damaging the intercooler and leaving Clarkson stranded on car park which was also the local Dogging site, (I'm ashamed to say that I found that mildly amusing too, especially as I had a similar experience in Avenham Park Preston. )

    During the race with Clarkson, James May jack Knifed the Tiguan and the caravan made contact with the nearside rear wing of the car, at some point in the future an unsuspecting dealer will take these cars into stock, they will have only the Manufacturers name in the log books,  and the salesman will tell his customer that it is a low mileage, 1 owner vehicle with a full service history, sounds good doesn’t it but the truth is that it has been driven by several maniacs, been red lined through every gear and crashed several times.

    The sale of goods act is a funny thing, but not for Car Dealers,  and these days the courts seem to interpret it in a way that ensures even if the Dealer made some money when he originally sold the car, the customer now has an unbelievable amount of time to get his money back and some of the Car Dealers too, by suing him should the car develop a fault, or if it has been miss described, who on Earth is going to be able to describe these two cars accurately and stand any chance whatsoever of selling them, they will be sold on a need to know basis (what they dont know cant hurt them) and if at some point in the future the customer discovers the cars true history, I imagine he will have the courts sympathy and be awarded a full refund and costs?

               If this was a film and not a blog, the camera would zoom in, I would stare at the heavens, touch my chin with my thumb and forefinger and the screen would go all shimmery as I drifted back in time to when I found myself in exactly that situation, I think it was 1988 when we had started to sell Isuzu Troopers, they were fantastic cars and pretty bullet proof, we were selling more new ones (that we’d imported) than the local main dealer and we couldn’t get enough second hand vehicles to sell.

    It had come to the attention of Isuzu management that we were denting their sales figures and they approached us and offered us the franchise, one of the conditions of getting the Isuzu Franchise was that we took on the Suburu Franchise that came with it first, this was pre Imprezza and World Rally Championship days, the range was poor, they weren’t good sellers and we thought it would be a good way to lose lots of money very fast so we politely declined and started sourcing our new vehicles from Ireland.

    Perhaps politely wasn't quite accurate, Isuzu were quite upset when we broke it to them that we would rather have Aids than the Subaru Franchise, the inference being that there was no known cure for Aids but it would still be easier to get rid of than a new Subaru Legacy Wagon. One thing that came out of our brief encounter with International Motors was that we were able to add a couple of new names to our Roladex (Jees i wonder what happened to Roladex's?)  one of  our new contacts was the guy who sold off their company cars, we gave him a ring to see if there he had any Isuzu's to sell us, and after he'd gone through all the delivery mileage self registered Subaru Legacy's he had on his books he reluctantly mentioned one Trooper.

    I said earlier that we needed used stock desperately so we jumped in the car and went to try and buy it, slight drawback it was army green, it had a couple of dents on it and it looked like someone had emptied the contents of a builders yard in it, but I knew by the time I had finished valeting it it would look like new, we couldn’t believe our luck, and neither could we understand why it hadn’t been snapped up by one of the Franchised Isuzu dealers. It soon became clear that maybe International Motors were harbouring a bit of a grudge.

    When we picked the car up, we were given a book, it was an Isuzu Lifestyle Hard Back book on the front cover was the car we had bought, it was featured heavily throughout with photographs of it crossing a shallow stream, reversing a boat trailer into a lake, driving up a gentle gradient, a family having a picnic in the middle of a field, with the Trooper parked up in the background, you know it was kind of like a TV advert for Feminine products except the director had substituted an Isuzu Tampon, it was a collection of all the things that you would buy a 4 wheel drive for with the intention of doing,  but then end up just taking the kids to school in it.

    The book would really help us with the provenance of the car and show that it had belonged to the manufacturers, as a Demonstrator it would have had no expense spared on its service and maintenance history, we had customers waiting to buy and this car would fly out. 

    As usually happens the service department tries its best to piss on your chips, and charge the sales department as much as they can possibly get away with for reconditioning the vehicle pre sale, usually the mechanics all congregate and examine a sales car en mass, they like nothing better than to find every little fault (including some that don’t actually exist) and do their very best to make sure that all the money goes to their department and you don’t make any profit when you sell it.

    When they put the car on the ramp, they noticed that the bumps and bangs on the body work were nothing compared to the ones it had sustained underneath, never mind gentle slopes, it looked like it’d had its wheels removed then been dragged up and down K2, or a high rocky mountain that youve heard of, there was lots of damage that we would need to repair, the exhaust was battered, brake pipes almost flattened, the floor was gouged, most of the cars underseal had been scraped off, and the cause of the rattling on tickover was discovered, and rectified by removing the half a ton of shale and rocks that had collected in the heat shields and sump guard.

    After all the rectification had been carried out, the car was as good as new and we put it on
    sale in early December,  it wasn’t long before a guy came to buy it, he lived at the top of Winter Hill where the massive 450 foot mast which supplies the TV signal to all the North West region is situated. Winter Hill is one of the most inhospitable places in the UK and my customer was fed up of being snowed in and unable to get to or from his house, he definitely needed a 4 Wheel drive, he had done his research, he wanted a trooper, and we had the only one in his price range, he was very easy to deal.


    A few days later I was just sitting down to my Christmas Dinner when my phone rang, my Boss sounded even more depressed than usual, he said “Switch on ITV Now you wont believe it” There was a program on called “Celebrity Challenge” the TV warmed up just in time for me to see the Formula 1 driver Emerson Fittipaldi  racing Mike Smith the car fanatic and Radio 1 Disc Jockey round a track that would normally be used for Motor Cross, Mike and Emerson were fighting tooth and nail, they were neck and neck, wheel to wheel, they both hit the biggest Jump on the circuit at precisely the same instant, the vehicles launched off the ramp soared into the air, and collided at the top of their trajectory. Emerson was driving our Green Isuzu Trooper, and the registration Numbers was on for all to see, I was horrified, any chance of plausible deniability had gone! and thats why International Motors sold the car to us instead of one of its own Franchised Dealers.

    I prayed that for some reason even though he lived next door to the TV transmitter he couldn’t get that channel or he was watching The Queens Speech instead, as you probably know I have a, hope for the best, plan for the worst "Shit Happens" kind of mantra,  but basically on this one I was f#### .

    Addendum,

    Neither the customer nor any of his friends must have seen the program,  although I did take the precaution of locking myself in the boot of a car when I saw him walking in to the showroom a few weeks later (my favourite hiding place) , but I was safe he had just called in to tell us how much he loved his car, it never developed any problems, and continued to be fit for the purpose which he had bought it for many years to come.

    Cars in those days literally were bullet proof, even if they broke down, they were relatively easy to fix,  they didn't have computer designed crumple zones that bend like tin foil if you lean on them, or airbags that explode in your face when you switch your I phone on, neither could  the customer reject a car and ask for his money back if he got it home and found out that his wife didn’t like it because the colour clashed with her curtains.

    I will close this blog with a short message to the future sellers of the Mazda CX 5 and the VW Tiguan that were featured on Top Gear, I pray that unlike Isuzu, the manufacturers had the good sense to put on false registration numbers, and that whoever buys the cars doesn’t have the benefit of endless Top Gear reruns on his Sky TV Dave and Dave ja vu channels

    Or failing that, I hope that you, like me are, living proof that it’s far better to be lucky than smart!

    May the force be with you!

              Hedge Funds: How They Invest Their $2.4 Trillion War Chest   
    Decoding a mysterious and not entirely magical asset class.
              "Cash for trash" set to include help for homeowners   

    It's 4:42 AM.

    I've been up since 4:00, scouring Google News for the latest headlines on the bank bailout bill.

    Here's the latest:

    • Everyone hates investment bank executives, so executive pay will get clipped in some way under the plan.
    • Mr. Paulson, the Treasury Secretary, will not get the blank check he asked for over the weekend. Rather, he will have to answer to Congress on how he spends taxpayer money.
    • The government will take debt and equity positions in banks it bails out. This means that Mr. Paulson will buy mortgage backed bonds, as well as stock and "warrants" (special equity positions with repayment protections built in). The rationale is that taxpayers stand a better chance of recovering most or all of the money put in if the banks' stock value rises after the bailout.
    • The government will require help for homeowners in junk loans.

    We should know more later today, as Congress, Treasury and the Administration continue negotiations.

    Here's what's still unclear:

    • How homeowners will be helped under the plan,
    • Whether the final plan will include Bankruptcy Code changes to allow the court to modify a home loan (something taken away as part of the 2005 Bankruptcy Act in a 1993 Supreme Court case), and
    • Whether the government will pay hedge-fund prices (20 cents on the dollar) or 1980s government contract prices (12,800 cents on the dollar - remember the $640 toilet seat?) or something in between for distressed bank debt and assets.

    Stay tuned, folks. This should get even more interesting as the day progresses.


              SKETCHES OF COURT: First witness in Shkreli trial reported too-good-to-be-true returns   

    An investor in "Pharma Bro" Martin Shkreli's hedge fund says he wowed her by reporting eye-popping returns that prosecutors say were a lie.


              Assclowns of the Week #105: Blame it on Paris or Putin edition   
    "Therefore, in order to fulfill my solemn duty to protect America and its citizens, the United States will withdraw from the Paris Climate Accord -- (applause)" -Donald Trump
         Greetings, global cooling deniers, and welcome to a long, long overdue Assclowns of the Week. And it has been a busy week with Z list comedian Kathy Griffin (3) having Daniel Pearl fantasies about Donald Trump, Trump (1) jerking us off the Paris Climate Accord, Jared Kushner (6) being Vladimir Putin's back door man and Debbie Wasserman Schultz's (10) experiment in voice acting. So let's put on our water wings and as we paddle in the rising water review this week's top 10 assclowns and much, much more.

    10) Debbie Wasserman Schultz
         Democrats used to be the smart ones. They were so smart, in fact, that for decades Republicans had accused them of being elitists. But gradually, establishment Democrats began moving in Republican and corporate circles in a highly successful attempt to hedge against charges of intellectual elitism. To wit:
         Last Thursday, an odd phone call came into Elizabeth Lee Beck's law office. Ms. Beck's law firm is the one litigating the DNC fraud lawsuit. The caller used a voice synthesizer so that it sounded "robotic and genderless." The voice made an inquiry: How's it going with the lawsuit? The receptionist gave the caller all the publicly available information then hung up. But apparently the caller forgot about a decades-old innovation known to the rest of elitist, tech-savvy people as caller ID.

         Oops. Looks as if the call came from Debbie Wasserman Schultz' Aventura, FL congressional office. Think they could be a little shaken up by the lawsuit and what the investigation will dig up? This is actually one step stupider than Donald Trump calling People Magazine and pretending to be a publicist named "John Miller." Or maybe this is evidence of Putin striking again.

    9) EPA Director Scott Pruitt
         Just hours after Donnie Dumbo decided to pull us out of the Paris Climate Accord, the usual army of flacks took to the airways and did the talking head circuit, particularly climate change denier and EPA head Scott Pruitt. Trump making Pruitt the head of the EPA was on a par with making Ted Nugent the head of PETA. On CNN, Pruitt was grilled by Jake Tapper and this exchange took place:
    Tapper: "Does the President believe climate change is a hoax?
    Pruitt: "This is not about whether climate change is occurring or not."
         For once, Pruitt is right, albeit accidentally. The Paris Climate Accord was never about whether or not global warming is a hoax but acknowledging it is not and taking all the appropriate steps to curb the emission of greenhouse gases on a global scale. Late last month, Pruitt said satellite data proves global warming is slowing down, even though virtually every climate scientist on earth had confirmed the opposite. Hell, what did you expect from a guy who once tried to sue 13 times the same regulatory agency that he now heads up?

    8) Rep. Darrel Issa
         Either Darrel Issa is preparing for his next career as a roofer for when he gets thrown out of Congress next year or he's too scared to face his own constituents. On Tuesday May 30, Issa showed up at his Congressional office in Vista, CA and was met with a knot of constituents who were angry about being excluded from a fake Town Hall Issa had recently held that admitted only Republican-friendly voters. Issa immediately ignored the small crowd, where he then did a creditable job of Michael Scott from The Office and hid on the roof. In a baleful move, Issa then took pictures of the protesters below. This knocks us down to just half a notch above a pitchfork and torch-wielding banana republic and after this I don't see how Issa can overcome a challenge from Democrat Mike Levin, who was savvy enough to quickly jump on this.
         At least Sean Spicer had the sense to hide in the White House bushes on ground level. And, oh, speak of the Devil's jester and he will come...

    7)  Donald Trump and Sean Spicer
         Donald Trump recently took to Twitter just after midnight and seemed to drunk-text the world about the "constant negative press" and "covfefe". Then the day after, Trump made the mistake of trotting out Sean Spicer to explain what he meant. When asked by the press what Trump meant in his latest semi-coherent tweet, Spicey answered with, "The president and a small group of people know exactly what he meant." Obviously, not included among that small elite group are the editors of Merriam Webster, Oxford and the New American Heritage dictionaries.
         Meanwhile, White House groupie Sarah Palin is immensely grateful to Mr. Trump for making most of us forget about her coining the word, "refudiate."

    6) Jared Kushner
         A week ago (at the very end of the news cycle as it was not broken until after five PM last Friday). it was reported that Donald Trump's son in law Jared Kushner had conspired with Russian officials to set up a secret back channel to Moscow as far back as last December. This was backed up by five officials knowledgeable of the meeting. This marked a radical departure for US policy because this was a case of a private citizen working with diplomats from a hostile state to reach the highest levels of Russian political power behind the backs of the 17 intelligence agencies.
         On a very abstract level, this is not unprecedented. However, Professor Richard Moss, author of the book, Nixon’s Back Channel to Moscow: Confidential Diplomacy and Detente, recently said that such informal back channels are meant to supplement, not supplant official policy. Kushner's harebrained scheme was to use Russian equipment in Russian embassies to contact the highest echelon of Russia's political hierarchy (presumably Putin). And it's impossible to think Kushner would've even broached the subject behind Trump's back rather than Trump using his son in law as an envoy.
         But, hey, Michael Flynn was at that same meeting that Kushner failed to report on his SF86 form when he applied for his top secret security clearance and later he met with a powerful Russian banker (a meeting neither wants to talk about). Sounds legit to me. And I'm sure at the GOP National convention last summer, Trump, Flynn, Sessions and the rest of his mafia spoke with Kislyak (then failed to mention it) about Russia's cute little dancing bears and what a shame it was that Ted Nugent hasn't been entered into the Rock and Roll Hall of Fame.

    5) Donald Trump
         I'm sure when Fox host Kimberly Guilfoyle revealed today that Donald Trump actually called her to ask her how to do his job, she was bragging and wasn't at all horrified that he was soliciting advice from a talking head on how to run the most powerful nation on earth.
         Yes, if you're looking for suspects for who made Donnie Dumbo walk away from the Paris Climate Accord as well as what will surely be a huge raft of disastrous policy decisions, you can add to right wing nut jobs Steve Bannon and Scott Pruitt a walking brain stem attached to two legs named Kimberly Guilfoyle.
         Imagine the outrage that would've ensued if it had come out that Obama had conspired with MSNBC for advice on policy matters...

    4) The White House
         June is National Pride Month. It is set in June in commemoration of the Stonewall riot that took place in June of 1969. Since his first year as President and straight through until last year, President Barack Obama had designated June Pride Month. But things have changed considerably since January 20th. After proclaiming things such as National Homeownership Month and other pseudo month-long holidays, Trump failed to name June Pride Month. No doubt, his baleful hangeron Mike Pence (who by now must be measuring the Oval Office for racks and Iron Maidens), had some influence with this "oversight."
         Pence, you might remember, as Indiana's governor, signed into law the "It's OK to Discriminate Against Teh Gays Because I'm Giving You a Get Out of Free Jail Card Named Religion" bill. Pence was also the piece of shit who'd made it legal to siphon funds from HIV research to fund, instead, gay conversion therapy outfits. And still, reconstituted Log Cabin Republicans and big gay donors cling to this guy like he's the Second Coming of Harvey Milk. Their reason? See lead image above.

    3) Kathy Griffin
         It's one thing to lampoon the President of the United States, whoever it is, and even call for their impeachment when circumstances warrant it. But part-time celebrity Kathy Griffin took herself a bit too seriously and was videotaped holding up a fake, blood-drenched Donald Trump head as if she was some ISIS terrorist with a new trophy. Despite how absurdly easy it is to ridicule Donald Trump, the Office of the Presidency, if nothing else, needs to be respected and this plainly sends out the wrong message to anyone with too much time and ammo on their hands. As a result of this stupid stunt, Griffin lost her one night a year gig on CNN plus at least one commercial endorsement.
         However, Griffin's tastelessness aside, it was amusing to see the right wing nut jobs (such as California Patriot, my latest stalker and troll), lose their shit over it while remaining silent about all the burning lynchings in effigy we saw over the last eight years (Sasha Obama was also 11, as is Barron Trump, when an effigy of her father was hung and burned in 2008.). What was funniest was Trump himself whining about how his kids were having a hard time dealing with the gory imagery .

         Like these kids, for instance?

    2) Hillary fucking Clinton
         Yes. Her again. For those about to stick their faces in barf bags, we salute you.
         Showing that she'd learned absolutely nada through the countless mistakes made by her Tammany Hall 2.0 campaign, Hillary fucking Clinton took to Codecon and essentially blamed her campaign's failure despite massive backing from women, the establishment Democrats, the MSM, Wall Street and the DNC on everyone who wasn't married to the 42nd president.
         The newly-rebranded radical centrist also sorta half-joked that Trump's word of the day "covfefe" was a code to the Russians. Yes, it was Vlad Putin who orchestrated her ignoring an important union just before election night, alienated Hispanics with her "taco bowl outreach" and "abuela" comments and shoved her into bed with every banking and corporate scumbag within 100 miles of Wall Street.
         Oh, and she's writing a new memoir that'll crystallize these conspiracy theories for public consumption because the consolation of a high seven figure advance is exactly what Hillary fucking Clinton deserves after perhaps the most embarrassing defeat in US political history.

    1) "President" Donald Trump
         Also late this past week, the Koch brothers' latest temp worker (aka US President Donald Trump) did as many of us predicted and pulled out of the Paris Climate Accord like his father Fred should've done from his wife's snatch back in 1945. That's right, this was in defiance of the skepticism of withdrawing from the Accord by business leaders, champion polluter Rex Tillerson, Gary Cohn and even the First Lady Ivanka. This was bad enough, as the Paris Accord has 194 other participating nations (including North Korea). This puts us in a tiny, elite community with Syria and Nicaragua (which won't be joining in for very good reasons).
         But Trump, inevitably, made it much worse by taking to the Rose Garden and explaining his reasons, all of which were horseshit that could benefit only the flowers behind him. In the World According to Trump, if we ever violated the Accord, they could sue us (No, they can't.) Meaning the Accord would legally bind us (No, it wouldn't). We could renegotiate it later as if it's another bankruptcy settlement (No, we can't).
         Essentially, as if he hadn't during his Hindenburg of a foreign trip last month, Trump is isolating us from the rest of the planet save for Russia in every conceivable way and this is the icing on the cake. German Chancellor Angela Merkel took the extraordinary step of saying the rest of the world could no longer rely on the US. French President Macron has been in Trump's grill ever since his decision (which Trump blamed on the latter's "aggressive handshake"). And at least three governors of big states (CA, NY and WA) have decided to sign on to the climate accord. Meaning, far from Trump distancing himself from the rest of the planet, the planet's moving on without him.
         Fellow billionaire Elon Musk and Disney CEO Bob Iger are among them.

    Dishonorable Mention


         In a silly yet tragic reprise of Get Shorty, last March Oklahoma state senator and Trump backer Ralph Shortey was caught in a motel room with an underaged boy whom Shortey had solicited for sex via text message. To show how unbelievably stupid Republicans are, the day after he was busted for "engaging in child prostitution, prostitution within 1,000 feet of a church, and transporting a minor for the purposes of prostitution", he posted the above picture of himself on Facebook with Donald Trump, Jr, which I'm sure must've absolutely thrilled the First Family. To show what a craven piece of shit Shortey is, police found him hidden behind the door just opened by the underaged boy (Maybe he should have called Darrell Issa for tips on evasion). Oh, I'm sorry, did I refer to Shortey as an OK state senator? He's a former state senator now. He resigned his post so he can spend more time with NAMBLA.
              With Whole Foods acquisition, Amazon could 'change the grocery shopping experience forever'   

    Earlier this month, Amazon announced plans to acquire upscale grocery chain Whole Foods Market, sending shockwaves through the retail industry and signaling a reboot of Amazon's effort to sell groceries online.

    The move has also raised questions about the future of brick-and-mortar retail and the role machine-learning and artificial intelligence will play in the future of the grocery business.

    "Amazon epitomizes a tech company's relentless pursuit of disrupting traditional businesses and comes with a strong historical track record."
    Jim Kyung-Soo Liew
    Carey Business School assistant professor

    Jim Kyung-Soo Liew, an assistant professor at the Johns Hopkins Carey Business School who specializes in entrepreneurial finance and hedge fund strategies, said the deal could be a game-changer for the grocery industry.

    "Amazon epitomizes a tech company's relentless pursuit of disrupting traditional businesses and comes with a strong historical track record," Liew said. "Amazon has made the online purchasing experience second to none, with low prices for goods and fast delivery, netting a great shopping experience for consumers."

    Liew said he expects Amazon to apply the same principles and strategies to Whole Foods, which he said will result in a new kind of grocery experience: "The explosive combination of machine learning and data will change the grocery shopping experience forever," he said.

    "Shoppers' behavior will be a key ingredient that will power Amazon's machine-learning algorithms, which will calibrate new recommendation systems using consumers' grocery shopping demands," he added. "If Amazon allows shoppers to make purchases on mobile phones within the store, this will fuel the algorithms even more."

    Liew said the market's reaction suggests that investors believe Amazon and Whole Foods will integrate successfully—the price of Amazon's shares has risen slightly since the announcement. He also noted that an increase in the price of Whole Foods shares could signal a second bidder.

    "Typically, the acquirer company's price performance is flat to slightly down on a merger announcement date, so Amazon being up is a very good sign," he said. "That Whole Foods prices have drifted higher tells us that lurking behind the scenes could be another bidder or that Amazon may need to raise their original bid to get this deal done. Maybe Walmart will counter after they fully digest how powerful the Amazon/Whole Foods combination will become."

    Liew said the move could serve as a serious disruptor to the grocery industry.

    "Other retail grocery stores will now have to move, so expect some serious consolidation in this industry," he said. "Look for cash-rich technology companies to make bids for traditional brick-and-mortar stores, then apply their deep set of machine learning and AI algorithms on this newly acquired data set. One day we will look back at this 'retail shopping singularity' event—the deal between Amazon and Whole Foods."


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              Лесная братва / Over the Hedge (2006) WEBRip 1080p   

    Категория: Мультфильмы
    Размер: 5.17 GB
    Траффик: Раздают (отдают): 8,211, Скачивают (качают): 9,251
    Добавлен: 2017-06-30 17:49:39
    Описание: Информация о фильме
    Название: Лесная братва
    Оригинальное название: Over the Hedge
    Год выхода: 2006
    Жанр: мультфильм, комедия, приключения
    Режиссер: Тим Джонсон, Кэри Киркпатрик
    В ролях: Брюс Уиллис, Стив Карелл, Гарри Шендлинг, Ванда Сайкс, Уильям Шетнер, Ник Нолти, Томас Хейден Чёрч, Эллисон Дженни, Юджин Леви, Кэтрин О’Хара

    О фильме:
    Пробудившаяся весной от зимней спячки черепаха Верн и ее лесные друзья обнаруживают, что на территории их обитания выросла высоченная живая изгородь. Находчивый енот ЭрДжей объясняет своим бестолковым товарищам, что мир, находящийся за изгородью, это «ворота в прекрасную жизнь», так как там обитают странные существа, называемые людьми, которые живут, чтобы есть, а не едят, чтобы жить.
    Славящийся своей осторожностью и подозрительностью Верн хочет удержать лесную братию от искушения оказаться по ту сторону изгороди. Однако настырный ЭрДжей доказывает всем, что отходы человеческой жизнедеятельности - это настоящее сокровище для животных. Он убеждает своих собратьев, что следует отбросить страх и воспользоваться таким удачным соседством. В итоге ЭрДжей и Верн заключают дружеский союз и начинают наслаждаться плодами цивилизации…

    Страна: США
    Студия: DreamWorks Animation, DreamWorks SKG, Pacific Data Images
    Продолжительность: 01:23:13
    Перевод: Профессиональный (дублированный) Невафильм/R5 + Профессиональный (двухголосый, закадровый) П. Гланц и И. Королёва/С.Р.И. + Профессиональный (двухголосый, закадровый) Tycoon-Studio + Профессиональный (многоголосый, закадровый) Новий + Профессиональный (многоголосый, закадровый) К1


    Файл
    Качество: WEBRip 1080p
    Формат: Matroska
    Источник: Over.the.Hedge.2006.1080p.WEBRip.DD5.1.x264-NTb
    Видео: 1920x1080 at 23.976 fps, MPEG-4 AVC, ~6600 kbps avg
    Аудио#1: Russian: 48 kHz, AC3, 3/2 (L,C,R,l,r) + LFE ch, ~384 kbps avg |Дубляж, Невафильм/R5|
    Аудио#2: Russian: 48 kHz, AC3, 3/2 (L,C,R,l,r) + LFE ch, ~448 kbps avg |Двухголосый закадровый, П. Гланц и И. Королёва/С.Р.И.|
    Аудио#3: Russian: 48 kHz, AC3, 3/2 (L,C,R,l,r) + LFE ch, ~384 kbps avg |Двухголосый закадровый, Tycoon-Studio|
    Аудио#4: Ukrainian: 48 kHz, AC3, 2/0 (L,R) ch, ~192 kbps avg |Многоголосый закадровый, Новий|
    Аудио#5: Ukrainian: 48 kHz, AC3, 2/0 (L,R) ch, ~192 kbps avg |Многоголосый закадровый, К1|
    Аудио#6: English: 48 kHz, AC3, 3/2 (L,C,R,l,r) + LFE ch, ~640 kbps avg
    Аудио#7: English: 48 kHz, AAC, 2/0 (L,R) ch, ~160 kbps avg |Commentary Karey Kirkpatrick & Tim Johnson|
              Aurora Herzog Soft Plush Hedgehog - Brights Blue   
    Herzog the soft plush Hedgehog from Aurora is made from super soft material with silky soft fur, making him the perfect comforting companion for your child. Manafacturered to meet European safety standards, Herzog is safe for children to play with and stands at 3.5 inches tall.

    Regular Price: £9.99

    £7.72


              Aurora Herzog Soft Plush Hedgehog - Brights Green   
    Herzog the soft plush Hedgehog from Aurora is made from super soft material with silky soft fur, making him the perfect comforting companion for your child. Manafacturered to meet European safety standards, Herzog is safe for children to play with and stands at 3.5 inches tall.

    Regular Price: £9.99

    £7.68


              Aurora Herzog Soft Plush Hedgehog - Brights Purple   
    Herzog the soft plush Hedgehog from Aurora is made from super soft material with silky soft fur, making him the perfect comforting companion for your child. Manafacturered to meet European safety standards, Herzog is safe for children to play with and stands at 3.5 inches tall.

    Regular Price: £9.99

    £6.18


              Graco Contour Electra Travel Cot Hedgerow   

    Graco Contour Electra Hedgerow Travel Cot is a reduced length travel cot that is practical and comfortable and can also be used at home. Quick and easy umbrella folding, doesn't take up much room thanks to its reduced length (104 cm), 2 wheels to move the bed easily. Carry bag included with holes for the wheels.

    The Graco Contour Electra is available in Autumn, Hedgerow and Jupiter patterns.

    • The raised bassinet is more comfortable for parent's backs
    • Foldable changing table also included
    • Raised bassinet suitable up to 6.5 kg - best position for newborn.
    • Four mesh sides for visibility
    • 7 feet for perfect stability (2 are wheels)
    • Soft toy bar atteched to the canopy
    • Bassinet mattress vibrates gently (on a timer) to soothe your baby
    • Night light and Music centre with timer
    • Corners in round plastic
    • Well designed round frame
    • Suitable for children upto 3 years
    • Detachable control box for night light music and vibration

     

     

     

     
     

    Regular Price: £112.99

    £99.99


              Graco Baby Playmat Caterpillar Hedgerow    

    Graco Hedgerow Playmat is perfect for your little one to play and laugh all day long. The Playmat has a fun and colourful design and has mirrors and other textures to stimulate your baby's motor skills and encourage active play. This mat is perfect for new-borns and up until they are comfortable using it.

    • Tactile stimuli for baby
    • Colour design
    • Playfull patterns
    • Multiple different textures

    Regular Price: £30.99

    £25.99


              Hedgehog Dryer Balls   
    Toss our adorable Hedgehog Dryer Balls into the dryer to reduce drying time and wrinkles!
    $6.99

              Lib Billionaire Steyer Calls $7.5 Million for Voter Registration 'Grassroots'   

    Climate activist Tom Steyer thinks “grassroots” and Astroturf are the same thing.

    The billionaire told Politico he would spend $7.5 million in eight states this year to teach young voters about “traditional American ways of grass-roots organizing.”

    A California billionaire dumping millions of dollars in out-of-state campaigns is the opposite of grassroots. Any athlete can tell you that phony grassroots are called Astroturf. But Steyer and Politico seem to have missed the irony.

    Steyer’s NextGen Climate PAC “plans to hire more than a dozen full-time field organizers” to work on more than 200 college campuses across Virginia, Pennsylvania, Florida, Ohio, Michigan, Wisconsin, Nevada and California, Politico senior reporter David Siders wrote on June 22.

    The $7.5 million from Steyer is just the beginning. Siders further wrote Steyer “will spend more money organizing young voters in those states in 2018.”

    Since Politico’s story was published last week, most major media have ignored it. ABC, CBS and NBC broadcast morning and evening news shows never mentioned Steyer between June 22 and June 29. Neither did The New York Times or The Washington Post.

    Steyer was the largest donor in the last two elections, giving $89.8 million to liberals in 2016 and $73.7 million in 2014. His climate change goals were also adopted as part of the official 2016 Democratic Party Platform.

    Since President Donald Trump’s election, Steyer has made it abundantly clear he is opposed to the administration. He hyperbolically accused Trump of committing a “traitorous act of war” when he withdrew from the Paris Climate Agreement. Steyer has also repeatedly criticized and opposed the president on Twitter.

    Despite his dedication to environmentalism, Steyer made money off of coal investments until June 2014 through Farallon Capital Management, a hedge fund he founded that invested in coal mining and oil and gas companies. Yet in late 2015, Steyer claimed his climate “conversion” came a full 10 years before he divested from coal.


              Martin Shkreli's US hedge fund went from success to bust in 31 minutes    
    In 31 minutes, a hedge fund managed by Martin Shkreli in 2012 went from a roaring success to an empty shell, one of his investors told a jury.

    Sarah Hassan, 27, gave Shkreli US$300,000 (NZ$410,000) to invest. 

    Hassan said she got an email at 8.13pm on September 9, 2012, saying she was up US$135,000, a return of 45 per cent.

    At 8.44pm, Shkreli sent out a second email notifying Hassan and other investors he was shutting the fund down.

    "We went through operational mishaps," Shkreli said in the email. "There is no longer any cash in the funds."
              Blog Post: Shkreli Investor Says She Felt 'Betrayed' By Bait And Switch   
    A former investor in one of Martin Shkreli's hedge funds on Thursday testified on how she felt "betrayed" by the now former Retrophin Inc. boss after being informed that her money had been used to prop up his fledgling drug company, in spite of his promise to cash out her position.
              Your backyard landscape can include a meditation Area   
    For meditation gardens, some of the concerns are the same, some different. Privacy is still very much an issue (since secluded settings are more relaxing than open settings), as is maintenance. But safety goes on a back burner. Here, reflection, not physical activity, takes center stage. Aesthetic considerations, consequently, will carry greater weight.

    Most people find plants more relaxing than hardscape, so consider planting hedges to form the walls of such outdoor rooms. If you don't want to wait for hedges to get tall enough to afford privacy, install lattice screens, instead. To satisfy your requirement for plants and provide further privacy, train vine plants to grow up the lattice. Climbing hydrangeas are perennial vines and an excellent choice for shady areas. You have more choices in the sun, including that ever-popular annual, the morning glory.

    For a floor, consider a combination of natural materials. You want something interesting into which to gaze, something with distinct textures. For instance, a rustic flagstone patio, with scotch moss planted in the cracks between the stones -- or creeping thyme, if you enjoy landscaping with fragrant plants.

    In meditation gardens, a ceiling may come in quite handy. Here, you'll have to choose between aesthetics and functionality. A vine-covered arbor may be more inspiring to gaze up at than a lawn umbrella, but the latter will keep you -- and the books you may be reading -- dry. If you'd like something more solid than an umbrella, consider installing a pergola and covering it with fiberglass.

    But water shouldn't be banned entirely from contemplative outdoor rooms. If there's any place in our yards for accessories such as garden fountains and waterfalls, surely it's here! There's nothing like the soothing sound of bubbling water to put us into a reflective mood. Whatever you decide to incorperate into ypur backyard landscape it is always wise to speak to a profesional landscaper before starting any project.
              Backyard landscape Design Considerations   
    Part of the beauty behind the concept of separate "rooms" in a house is that each unit is unique unto itself. Consequently, you can install a component in the kitchen that looks great there, without worrying that it would look out of place if viewed from the bedroom. The same is true for outdoor living spaces.

    Having separate outdoor living spaces allows you to create mini-landscape designs (each somewhat different from the rest) for each of them. Not that you shouldn't still strive for unity across your landscape design, as a whole. But the more successful you are in physically separating one outdoor living space from another, the more flexibility you have to diversify without creating a hodgepodge.

    For instance, you may wish to include a storage bin for towels in the pool area. Such an element would be functional and would look fine there. But the problem is, you might not wish to view it from another part of the yard dedicated, say, to meditating in naturalistic surroundings. The answer: screen off the pool area with a tall hedge or fence, effectively creating a "room" separate from the rest of the yard. You may also want to consider if you need a area for a swing set or a trampoline. If so you may want to consider some type of a surface under these other than grass. Some people alo like to add a horse shoe pit in the backyard for adults to use. When you turn your yard into more than just another project to work on during the weekend you will get a lot more use from it.

    Depending on the type of backyard landscape you decide on for your needs you may also have a bit of maitenance to do to keep it looking good. Obviouslly if you have a large grass area that will require mowing. Depending on what part of the country you live in you may also need to overseed in the winter in order to have a yard. The types of plants and trees you plant will also need to be taken into consederation when thinking about how much work you want to have to do. If you can it is always a good idea to consult a landscape company for ideas. Any good landscaper will have unlimited ideas for you to consider.
              Preserving the corporate superego in a time of stress: an essay on ethics and economics   
    <span class="paragraphSection"><div class="boxTitle">Abstract</div>This essay focuses on the impact of recent changes in corporate governance on ethical behaviour within the public corporation. It argues that a style of corporate behaviour—one characterized by a risk tolerant, even reckless, pursuit of short-term profits and a disregard for the interests of non-shareholder constituencies—is attributable in significant part to recent changes in corporate governance, including the rise of hedge fund activism, greater use of incentive compensation, and the appearance of blockholder directors. This trend will only be accelerated by the election of Donald Trump as President of the United States, because the consensus view is that ‘tone at the top’ is a critical factor in shaping law compliance and business ethics within corporations. This essay then surveys feasible responses intended to strengthen the role of the board as the corporation’s conscience and superego. Given the difficulty of reform, it predicts that the problems identified are likely to get worse before they get better.</span>
              Final Friday of the First Half of 2017   

    Poof!

    Just like that, half a year has gone by.  Who'd have thought, just 6 months ago, that the World would still be here with Donald Trump as President?  Given how bad we thought things were going to be, they are actually not so bad.  Yes, of course the President's Team is doing everything they can to bring about the Apocalypse but, so far, they've been generally ineffective at, well, everything: "Republicans frustrated as their to-do list grows."

    So here we are, closing out the 2nd Quarter with the market near record-highs, despite yesterday's pullback, though we find it hard to trust anything that happens pre-market after yesterday's obviously fake prop-job.  It is the last day of the quarter and windows do need to be dressed but, as I predicted in Wednesday's Live Trading Webinar, the sellers took full advantage of the pumpers yesterday and sold into everything they had – giving us the biggest volume day of the month as declining shares and volume overwhelmed advancers 2:1.

    The VIX briefly spiked up 50% as the market plunged and that sent SVXY (we're short on them) plunging back down but a long way to go to our $105 target in September so we're expecting to see a general up-trend in volatility over the summer – but let's not get ahead of ourselves and see how the quarter ends first. 

    Though the Nasdaq is poised to finishe the month down about 1%, that's nothing compared to the amazing run it's had all year and, as evidenced by the chart below, literally nothing else seems to matter as EVERY OTHER INDICATOR has been falling while the Nasdaq has climbed 15% in the past 6 months.  We have been using the Nasdaq as one of our primary hedges (SQQQ) and they paid off in spades yesterday but that's nothing to get excited about as these dips don't tend to last long (so far).

    More of a concern than macro indicators, however, is how much money it's been costing the G20 to prop up the markets for the past decade as Golbal Debt just hit $217 TRILLION
    continue reading


              Review of RideDrive   

    Many thanks to Graham for this really well written review of his day with RideDrive.   If you'd like to check out what they have to offer, see the discounts section.

    As part of the S2KUK Xmas raffle, I was fortunate enough to win several prizes including a full day RideDrive Advanced Driver Training voucher. This is a summary of the experience that I thoroughly recommend to all S2000 drivers:

    After calling to book a date for the experience, I received an email from Roger, my instructor for the day, confirming a start location, my drive expectations, and also recommending obtaining a copy of ‘Roadcraft: The Essential Police Driver's Handbook’.

    Book read, (the section on driver psychology is particularly interesting) and mobile numbers exchanged, I met Roger at 9am in a local carpark. After introductions, Roger clarified what I was hoping to get from the day, (best paraphrased as fast but safe road driving with a particular focus on overtaking). We buckled up and set off for a short evaluation drive.

    I must admit I felt like like I was on a driving test initially and certainly did not drive as I would normally, but Roger was very relaxed and I soon relaxed and resorted to my typical, poor, driving style.

    After 20 minutes, we pulled over and Roger provided some observations on my road positioning, braking and appropriate gearing, among other things. We decided to focus on road positioning and engaging lower gears more smoothly initially and set off through the South Downs, taking in some fun and fast roads.

    Roger provided excellent tips, techniques and approaches to fast corning, always ensuring I understood ‘why’ as well as ‘how’. Very quickly it became obvious to me that I did not process a lot of information that was available on the roads, and Roger’s commentary really helped to drill this practice into me.

    After an hour or so, we stopped at AAC Middle Wallop for a cuppa, review of the changes in driving style and general chitchat. Roger’s knowledge of the local roads was second to none, and his experiences training Police pursuit cars and bikes was evident and interesting.

    We cracked on as the sun came out so of course, the roof came down. Heading west, we started ‘profiling’ drivers and anticipating actions as we took on some more challenging overtaking procedures. This was very educational but most of all, excellent fun.

    We stopped for lunch at Compton Abbas Airfield, which was another great location and reviewed the morning’s work. At this point I was mentally quite tired, so I can see how the half day might be enough for some, (or maybe splitting the experience into two half days, which was an option).

    But keen to continue putting my new skills to practice, we jumped back in car and headed north, taking in many fast roads and really ‘pushing on’, (with a big smile on my face most the time).

    We finally got back to our start location around 4pm after an extensive and high speed drive around some of the south’s best roads, (many of which I was not aware of). We had a quick debrief about the day, my car, and discussed things to think about going forward before saying farewell.

    Its now over a year since that day but I still employ many of the skills I picked up from Roger, which on several occasions have kept my S2000 out of a hedge! The event was a flexible and personalised road driving course with a top instructor, and a very practical alternative to pure track tuition. Thoroughly recommended!

    Graham (cynicg)


              Hedgenursery Coupon Code - Save 15% Off   
    Hedgenursery.co.uk Coupons - Only 3 days left to Save 15%! Use code BR15. Offer ends midnight Thursda
              He didn't know where they'd put the hedge clippers;   
    Posted by CivicBabe:

              3 Rooms House for sale   
    415000
    OPEN DAY SATURDAY 3RD JUNECharming, tranquil villa style detached character house with rural countryside views, nestling in a hedge lined lane. The property comprises three double bedrooms, large upstairs bathroom, 2 reception rooms, kitchen,...
    3 rooms
    Thu, 29 Jun 2017 22:35:07 +0200
                 
    It’s another pretty dismal-looking day.

    Joni (comment yesterday),  you solved the mail problem. I keep forgetting that I use googlemail on my iPad, accessed through Safari – but that the machine itself prefers its own mail app. There I found the Northmavine Hap. Here it is:



    That picture was taken 24 hours ago. I’m not much further on – the rows are long. I counted stitches when I had officially finished the fourth repeat, and was surprised to find myself two stitches short. I am currently engaged in the first pattern row of the new repeat. Something is slightly awry.

    Non-knit

    I took Archie and his brother Mungo to lunch yesterday at Wahaca. We had a nice time. If I had hoped to learn anything about university life in Lancaster or Oxford, I failed. The conversation largely demonstrated to me how little I know about contemporary life anywhere.

    There was a moment – Mungo told of visiting an Oxford friend at home on a newly-built estate in conditions of what seemed to him like preposterous wealth. (And Mungo has Greek friends who have demonstrated to him what preposterous wealth looks like.) His friend’s father had something to do with a hedge fund, Mungo said.

    I said, “Bernie Madoff must have lived like that.”

    And they, for once, didn’t know who I was talking about.

    Helen and I are thinking of going to Strathardle this weekend. What about the cat? I want to take her there, and introduce her to freedom. But Helen has a dog. He is a very amiable dog, who pays no attention to Perdita when he is here. She pays little to him, although she is wary. But I feel his presence will add to the stress of strangeness for her.


    I am sorry to have given the wrong impression in my reference to the cat yesterday. I love her dearly, and value her company – but am beginning to realise that she is almost as much of a responsibility as my husband was. I can at least go out during the day, if I can face that reproachful furry face at the inner glass door when I get home. 

              Eric Holder Sends Ominous Late Night Tweet To "Career DOJ/FBI" Employees   
    Via Billy
    To the career men & women at DOJ/FBI: your actions and integrity will be unfairly questioned. Be prepared, be strong. Duty. Honor. Country. (What the hell, he has no idea what they mean!)

    Eric Holder, Obama's former Attorney General and a man who recently hinted at an interest in pursuing a 2020 bid for the White House, issued a rather ominous warning to the "career men & women" of the DOJ/FBI last night saying that their "actions and integrity will be unfairly questioned" before calling upon them to "be prepared, be strong."
    "To the career men & women at DOJ/FBI: your actions and integrity will be unfairly questioned. Be prepared, be strong. Duty. Honor. Country."

    Of course, with the many scandals that plagued Obama's Justice Department, it's impossible to know exactly which one sparked Holder's warning. 

    Could it be the outrageous unmasking of Trump officials in the waning days of Obama's administration, an obvious attempt to exploit the collection of foreign intelligence and use it as a political weapon of mass destruction, and subsequent illegal leaking of that information to the media?  Certainly, this would seem to be a concern for Susan Rice who has been asked to testify before the House Intelligence Committee.

    Or, is it a simple message directed at FBI Director McCabe who we recently pointed out is coming under increasing scrutiny for not recusing himself from the investigation of Michael Flynn, a man against whom he very clearly harbored a personal vendetta.

    Or, perhaps its that whole James Comey revelation that Eric Holder's replacement, Loretta Lynch, colluded with the Hillary Clinton campaign and the FBI to quash the investigation of Hillary's email scandal.

    Or, perhaps it's just a general warning after the FISA court recently revealed the the Obama administration conducted illegal queries targeting American citizens "with much greater frequency than had previously been disclosed to the Court"...an issue which it described as a "very serious Fourth Amendment issue."

    More @ Zero Hedge

              6/30/2017: FINANCIAL POST: CHATTY BILLIONAIRE ACKMAN OPENS TWITTER ACCOUNT   

    Billionaire investor William Ackman, one of the hedge fund industry’s most voluble managers with opinions ranging from how companies should be run to the dangers of sugary drinks, just got himself an even bigger megaphone: a Twitter account. Using the...
              Billionaire hedge funder Bill Ackman has set up his own Twitter account   
    Reuters / Richard Brian BOSTON - Billionaire investor William Ackman, one of the hedge fund industry's most voluble managers with opinions...
              Hedgehog in a hurry   
    In this 30 June 2017 video, a hedgehog in nature reserve de Doort near Echt in Limburg province in the Netherlands walks fast toward Ingrid Elshout, the maker of this video.
              Activist Calls out Hain Celestial   
    An activist hedge fund wants the tea-maker it sell itself.
              A Week in Garden Photos – June 21st – June 27th   
    Everything is growing like mad in the garden these days. This past weekend I had to have the HH trim the laurel hedge in both the front and the backyard. When we first moved in here 2 years a 9 months ... - Source: feeds.feedblitz.com
              Is the Lidl 4-in-1 garden petrol multi-tool worth £129?   
      Lidl will sell its 4-in-1 multi-tool from 2 July 2017. This petrol machine can be turned into a strimmer, long-reach hedge trimmer, brushcutter or pole pruner. It’s priced at just...
              Even With Olympic Roots, Dakota Luther Forges Her Own Path to Worlds   
    Luther is the daughter of the three-time Olympic medalist Whitney Hedgepeth, with a six-time Olympic medalist, Brendan Hansen, as a coach.
              Furious China "Outraged" By U.S. Sale Of $1.4BN In Weapons To Taiwan   

    Furious China "Outraged" By U.S. Sale Of $1.4BN In Weapons To Taiwan

    Tyler Durdens picture
    Jun 30, 2017 9:43 AM

    One day after the US announced it would sell $1.42 billion in weapons to China's offshore nemesis Taiwan, Beijing lashed out at the United States, saying it was "outraged" and demanded the US revoke immediately its "wrong decision", saying it contradicted a "consensus" President Xi Jinping reached with his counterpart, Donald Trump, in talks in April in Florida.

    The proposed U.S. package for Taiwan includes technical support for early warning radar, high speed anti-radiation missiles, torpedoes and missile components.

    The sales would send a very wrong message to "Taiwan independence" forces, China's embassy in Washington said in a statement. A U.S. State Department spokeswoman said on Thursday the administration had told Congress of seven proposed sales to Taiwan, the first under the Trump administration. "The Chinese government and Chinese people have every right to be outraged," the embassy said.

    Besides token bluster, however, this time China also warned that Trump's action was counter to the agreement reached with Xi in Palm Beach, suggesting retaliation will likely be imminent. "The wrong move of the U.S. side runs counter to the consensus reached by the two presidents in and the positive development momentum of the China-U.S. relationship," the embassy said.

    read more:
    http://www.zerohedge.com/news/2017-06-30/furious-china-outraged-us-sale-14bn-weapons-taiwan


              Hedgespeth, Larry   
    Hodgenville Hedgespeth, Larry, 64, died Tuesday, June 27, 2017, Bennett-Bertram Funeral Home is in charge of the arrangements.
              Martin Shkreli reported too-good-to-be-true returns, investor tells trial   
    96445973

    An investor who put $300,000 US into one of "Pharma Bro" Martin Shkreli's health care industry hedge fund testified Thursday that he reported eye-popping returns before abruptly shutting down the fund and ducking her demands to get her money back.


              [tishka @ tishka] (Image)   

    1072 d8cc 400

    [Reposted from thehedgehogsdilemma via inyou]


              [tishka @ tishka] mollywobbles123:   

    mollywobbles123:

    onlydadjokes:

    I asked my nephew how old his dad was and he replied “six”. I said how can he only be six if you’re six?

    He said “because he’s only been a dad since I was born”

    [Reposted from wherethefuckisnarnia via thehedgehogsdilemma]


              China Sanguine as Trump-Xi 'Bromance' Sours Over North Korea, Taiwan - U.S. News & World Report   

    U.S. News & World Report

    China Sanguine as Trump-Xi 'Bromance' Sours Over North Korea, Taiwan
    U.S. News & World Report
    FILE PHOTO: U.S. President Donald Trump welcomes Chinese President Xi Jinping at Mar-a-Lago state in Palm Beach, Florida, U.S., April 6, 2017. REUTERS/Carlos Barria/File Photo Reuters. By Ben Blanchard and Christian Shepherd. BEIJING (Reuters) ...
    Taiwan arms sale, North Korea sanctions outrage Beijing in test of US-China ties under TrumpWashington Post
    China demands US nix $1.4B arms deal with TaiwanCBS News
    China Is Still Protecting North Korea From Donald TrumpNewsweek
    Business Insider -CNBC -The Daily Caller -AOL
    all 196 news articles »

              Comment on Who Should the USMNT Start vs. Ghana? by Trey   
    Morris and Dwyer have underperformed all year. I can't remember how many times I have thought, "this is Agudelo's opportunity." Admittedly, he has scored 7 goals so perhaps he can get it going this tournament. Excited to see how McCarty handles himself. Hoping Acosta delivers, and honestly I think our strongest core are the defenders we've brought. Gonzo and Hedges? Lichaj finally getting some love, holy shit.
              Comment on Who Should the USMNT Start vs. Ghana? by Lost in Space   
    As long as Zusi & McCarty are not part of the starting XI it's fine. Preferably neither will see the field....but I'm fairly sure they will at some point. Personally I'd go with something more along the lines of.... —————Morris————— –Saief—-Agudelo—-Arriola– ———Acosta——Roldan——— Villafana–Besler–Hedges–Lichaj ——————Hamid—————–
              Comment on Who Should the USMNT Start vs. Ghana? by Beto   
    ---------------Dywer--------- ---Saief----Corona----Arriola- ---------Acosta----Roldan--- -Villafana-Besler-Gonz-Lichaj- -----------------Guzan-------------- subs: Miazga, Hamid, Morrow, McCarty, Hedges, Agudelo
              Bird, Cardinal   

    State Bird

    Cardinal

    By Steven Case
    NC Government & Heritage Library, 2011

    Clicking on this button or link takes you to the audio player at the bottom of the screen.Listen to this entry

     

    Related activity:  State Bird Coloring Sheet

    Male and female cardinal

    The NC General Assembly of 1943 named the cardinal (cardinalis cardinalis) as the official State Bird of North Carolina (Session Laws, 1943, c. 595).

    SELECTION AS STATE BIRD

    The choice of the cardinal was by no means certain at the beginning of the session.  The North Carolina Bird Club initiated the campaign to choose a bird as a state symbol, publicizing the campaign through newspapers, local birding and wildlife clubs, and schools.  More than 23,000 votes were cast, and twenty-six different avian candidates were suggested, including, among others, the red-winged blackbird, the wild turkey, the scarlet tanager, and the catbird.  The cardinal received a plurality of 5000 votes, with the dove coming in second with 3395.

    Ten years earlier, the state had a different state bird, but only for a few days.  At the suggestion of the North Carolina Federation of Women’s Clubs, the 1933 General Assembly passed Resolution 51, which designated the Carolina Chickadee as the official State Bird.  However, a week later, the Assembly repealed the Resolution with Session Law 1933-521.  The Chickadee’s nickname--the Tomtit--was considered too undignified, and legislators balked at the idea that North Carolina might become known as the "Tomtit State."

    ABOUT THE CARDINAL

    The Cardinal’s natural habitat currently extends over half of the United States, as far south as Belize and Guatemala, north into Canada, and as far west as North Dakota and southern Arizona.  The male has year-round bright red plumage and a black face mask, while the female comes in various shades of brown, gray and red.  Both males and females have strong short bills and a distinctive crest of head feathers.  Primarily seed-eaters, cardinals will also eat insects, larvae, sap, and many types of fruit.  Unlike most other bird species, in which only the male vocalizes, both cardinal genders sing--the males typically to attract mates or ward off intruders, and the female to signal the male to bring food for the nestlings.

    Cardinals, sometimes known as Redbirds or Northern Cardinals, are non-migratory, and have adapted easily to both city and suburban environments.  In fact, both their numbers and their habitat range have grown as population pressures on other species, and the number of backyard birdfeeders, have increased. Their nests are generally concealed in hedgerows or vines, and monogamous couples can have up to 3 clutches of  2-5 eggs per year during the spring and summer.  

    Six other states (Illinois, Indiana, Kentucky, Ohio, Virginia, and West Virginia) have chosen the Cardinal as their state bird.

    Session Laws, 1943. c. 595

    S. B. 151                  CHAPTER 595

    AN ACT FOR THE ADOPTION OF A STATE BIRD.

    WHEREAS, North Carolina and Connecticut are the only states in the Union that have not adopted an official state bird; and

    WHEREAS, there is a wide-spread movement now on foot among the Bird Clubs, Garden Clubs, and many of the schools of the State, together with a large number of individuals, looking to the adoption of a state bird by the present Legislature, to which end the North Carolina Bird Club has, so far as it has been in its power, canvassed the State for votes on the selection of a suitable representative bird to be officially adopted; and

    WHEREAS, the Cardinal has received a decidedly larger number of votes  than any other species:   Now, therefore:

    The General Assembly of North Carolina do enact:

    Section 1. That the Cardinal shall be, and hereby is declared to be the official State Bird of North Carolina.

    Sec. 2. All laws and clauses of laws in conflict with this Act are hereby repealed.

    Sec. 3. This Act shall be in full force and effect from and after its ratification.
    Ratified this the 8th day of March, 1943.


              Did Syria use Chemical Weapons in Khan Shaykhun?   

    According to the Organisation for the Prohibition of Chemical Weapons (OPCW), Syrian citizens were exposed to sarin, a chemical weapon, in April of 2017 in the Khan Shaykhun area of Syria. The OPCW didn’t visit the site of the attack, but they did interview people and examine materials that came from the area.

    The OPCW did not say who was responsible for the Sarin exposure. That wasn’t their job.

    Ambassador Nikki Haley put out a press release saying the OPCW report is “… concluding that the chemical weapon sarin or a sarin-like substance was used in the attack.

    Notice Haley’s replacement of “sarin” from the OPCW report with “sarin or a sarin-like substance” for her press release. That’s a tell. It means Haley has some reason to be skeptical that sarin was involved. If the OPCW is willing to call it sarin, why hedge? 

    The OPCW does not offer an opinion on who was responsible for the exposure, or even that it came from an “attack.” Yet somehow Nikki Haley knows the chemicals came from a “chemical weapons attack.” Russia claims an airstrike on a nearby storage facility accidentally released deadly gas. But Russia is less credible than CNN, so that doesn’t mean anything.

    Perhaps the United States has reliable evidence connecting the gas on the ground to an actual attack, but we citizens haven’t seen it. We did learn that a Syrian jet bombed the area at the time of the chemical exposure. But I don’t believe anyone found bomb fragments with sarin, or anything that conclusive. If so, we haven’t seen that evidence.

    We are also asked to believe that Syria is planning “another” attack from the same place as the last one, while we watch every step of the way, using drones and whatnot. Does that sound like something a dictator does when he is on the brink of winning and – this is the best part – the only way he can lose from this strong position is by senselessly using chemical weapons?

    Well, maybe. But Syria’s Assad and his Russian mentors don’t seem crazy to me. Brutal, sure. Liars, sure. But crazy? I haven’t seen evidence of that yet.

    Apparently Assad has used chemical weapons in the past. If the event that leads to his demise is a manufactured story about his continued use of chemical weapons, I won’t feel any moral outrage. He has it coming. And I assume there is some military/strategic/negotiating advantage for the United States that comes from labelling Assad a repeat user of chemical weapons. So I still have confidence in the United States military leadership. 

    But I automatically doubt any claim that comes from a war zone. This one is less credible than most. 

    You might enjoy reading my book because it is book-like.

    I’m also on…

    Twitter (includes Periscope): @scottadamssays​

    YouTube: At this link.

    Instagram: ScottAdams925

    Facebook Official Page: fb.me/ScottAdamsOfficial


              If the Rest of Us Had a Work Ethic Like Congress….   
    The Main Reason Congress Is Getting So Little Done Is… They Will Have 218 Days Off In 2017 http://www.zerohedge.com/news/2017-06-29/main-reason-congress-getting-so-little-done-they-will-have-218-days-2017 Would you like to have a job that gave you 218 days off a year? According to the official calendar put out by House Majority Leader Kevin McCarthy, the House of Representatives will only be in … Continue reading If the Rest of Us Had a Work Ethic Like Congress….
              Hedges, Mary   
    FRANKFORT - Mary L. Newton Hedges, 89, died Thur. Graveside 11am Mon at Bagdad Cmt. Arr by LeCompte Johnson Taylor FH.
              Husqvarna Power Products   
    City/Town: St. John's
    Area: Avalon Peninsula
    Description:

    Rain or shine, Mother Nature never stops, and neither does Husqvarna lawn and garden equipment! We have it all to make yours the nicest lawn and garden in the neighborhood! Your lawn will be green, and so will your neighbors - with envy! Why bother with big box stores, and multiple brands of equipment in your garage or shed making it a nightmare when you need parts or service! At Scope Industrial, we sell all Husqvarna equipment from consumer, to commercial, to construction. Stick with the best, and forget the rest! We have a wide selection to the legendary Husqvarna handheld equipment like tough chainsaws, trimmers, brushcutters, clearing saws, pole saws, hedge trimmers, leaf blowers, and even convenient multi-attachment trimmers so you can do it all with one machine! With an industry leading service life and warranty, Husqvarna handheld is as good as it gets! And don't forget our other equipment as well! Lawnmowers, lawn tractors, zero-turn mowers, AWD riders, tillers, snowblowers, and more! Our specialty equipment will bring your landscaping business to the next level with sod-cutters, dethatchers, aerators, stump grinders, bed edgers, seeders, spreaders, and splitters - there will never be a job you can't do! Ask about our incentive programs! Check our website, www.scopeindustrial.ca, and the Husqvarna website, www.husqvarna.ca

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              Trade Alert – (GS) June 30, 2017   

    When John identifies a strategic exit point, he will send you an alert with specific trade information as to what security to sell, when to sell it, and at what price. Most often, it will be to TAKE PROFITS, but, on rare occasions, it will be to exercise a STOP LOSS at a predetermined price to adhere to strict risk management discipline.

    The post Trade Alert – (GS) June 30, 2017 appeared first on Mad Hedge Fund Trader.


              June 30, 2017 – MDT Pro Tips A.M.   

    While the Diary of a Mad Hedge Fund Trader focuses on investment over a one week to six-month time frame, Mad Day Trader, provided by Bill Davis, will exploit money-making opportunities over a brief ten minute to three day window. It is ideally suited for day traders, but can also be used by long-term investors to improve market timing for entry and exit points.

    The post June 30, 2017 – MDT Pro Tips A.M. appeared first on Mad Hedge Fund Trader.


              June 30, 2017   

    Global Market Comments June 30, 2017 Fiat Lux Featured Trade: (MAD HEDGE FUND TRADER HITS NEW ALL TIME HIGH), (FXY), (YCS), (FXE), (EUO), (TLT), (TBT), (VIX) (THE BEST FINANCIAL BOOK EVER), (TESTIMONIAL)

    The post June 30, 2017 appeared first on Mad Hedge Fund Trader.


              Mad Hedge Fund Trader Hits New All Time High   

    It’s been a tough fought battle. I have had to fight tooth and nail for every penny. But for the first time in weeks, I have been able to boost the audited performance of the Mad Hedge Fund Trader to a new all time high. It seems these days, you have to work twice as

    The post Mad Hedge Fund Trader Hits New All Time High appeared first on Mad Hedge Fund Trader.


              The Best Financial Book Ever   

    I have just finished reading the best financial book ever, and I have read most of them. It is The Ascent of Money: A Financial History of the World by Harvard professor Niall Ferguson. It gives you a great explanation of how the broad sweep of history delivered us to the doorstep of today’s crisis.

    The post The Best Financial Book Ever appeared first on Mad Hedge Fund Trader.


              Testimonial   

    Thanks John...rough ride out of the gates here...but I wouldn't want to be riding with anyone but you...you are my life raft in this treacherous world of investing, and thank you for being who you are and for all that you do. Take care, Greg Agoura, California

    The post Testimonial appeared first on Mad Hedge Fund Trader.


              Quote of the Day – June 30, 2017   

    “There is no disinfectant like success,” said Daniel Boorstin, the 12th Librarian of Congress.

    The post Quote of the Day – June 30, 2017 appeared first on Mad Hedge Fund Trader.


              Trade Alert – (BIIB) June 29, 2017   

    When John identifies a strategic exit point, he will send you an alert with specific trade information as to what security to sell, when to sell it, and at what price. Most often, it will be to TAKE PROFITS, but, on rare occasions, it will be to exercise a STOP LOSS at a predetermined price to adhere to strict risk management discipline.

    The post Trade Alert – (BIIB) June 29, 2017 appeared first on Mad Hedge Fund Trader.


              Trade Alert – (SPY) – June 29, 2017   

    When John identifies a strategic exit point, he will send you an alert with specific trade information as to what security to sell, when to sell it, and at what price. Most often, it will be to TAKE PROFITS, but, on rare occasions, it will be to exercise a STOP LOSS at a predetermined price to adhere to strict risk management discipline.

    The post Trade Alert – (SPY) – June 29, 2017 appeared first on Mad Hedge Fund Trader.


              June 29, 2017 – MDT Alert (AMD)   

    While the Diary of a Mad Hedge Fund Trader focuses on investment over a one week to six-month time frame, Mad Day Trader, provided by Bill Davis, will exploit money-making opportunities over a brief ten minute to three day window. It is ideally suited for day traders, but can also be used by long-term investors to improve market timing for entry and exit points.

    The post June 29, 2017 – MDT Alert (AMD) appeared first on Mad Hedge Fund Trader.


              Sonic The Hedgehog : la sneakers officielle du hérisson bleu est disponible en édition limitée   

    Sonic the Hedgehog a fêté hier ses 26 ans, un âge accompagné d'une petite nouveauté. Un compte Twitter dédié à son anniversaire a d'ailleurs été crée à cet effet. Mais c'est le japonais Anippon qui a su attirer notre attention cette fois. Il a décidé de célébrer l’événement en lançant une paire de sneakers sous licence officielle en édition limitée.

    Cet article Sonic The Hedgehog : la sneakers officielle du hérisson bleu est disponible en édition limitée est apparu en premier sur Ere Numérique.


              America's Fertility Rate Falls To Record Low   

    The US isn't yet grappling with the economic disaster that is a shrinking popuation - unlike Japan. Though it's starting to look like a not-too-distant possibility. US birthrates fell to yet another historic low in 2016 as a whirlwind of economic and cultural factors inspire more women to delay, or forgo, having children. According to provisional data for the fourth quarter provided by the CDC, the US birthrate has declined to 62 births per 1000 women – its lowest level on record, and down from 62.5 in 2015.

    This is especially troubling because demographers worry that a dwindling birth rate will hurt economic growth and tax revenues needed to fund transfer payments to a growing elderly population, as more members of the baby boomer generation age into retire.

    The CDC did not say why the birth rate is declining. But according to Axios, research and surveys have shown several reasons, including wider availability of birth control, personal economic instability from student loans or other debt, women focused on launching a career before starting a family, and a growing acceptance that not everyone wants to have children.

    If the Trump administration achieves higher economic growth, it’s unlikely to do so fast enough to support the mandated 9% increase in entitlement spending for older Americans without more deficit spending. Trump says he intends to preserve Social Security and Medicare spending levels.

    The highest birthrates are now seen among women aged 30-34. Previously, the highest rate had been for women aged 25-29, which fell to 101.9 in 2016.

    Chart courtesy of Axios

    Furthermore, as Statista notes, teenage pregnancy is in continual decline in the United States. As preliminary data released in a newreport by the National Centre for Health Statistics on Friday reveals, the birth rate of mothers in the 15-19 age group dropped to a record low of 20.3, amounting to 209,480 births in 2016. Compared to 2015, this is a decrease of almost 9% and even 62% when compared to 1996.

    Conversely, birth rates of women aged 40-44 are on the rise: While it stood at 6.8 in 1996, the provisional birth rate for this age group is 11.4 births per 1,000 women in 2016, which accounts for an increase of 4% compared to the previous year.

    Infographic: Teen Birth Rate at Its Lowest Level in Twenty Years | Statista

    You will find more statistics at Statista

    Here are a few other interesting data points from the CDC, courtesy of Axios:

    • The CDC estimates the fertility rate in 1960 was about 118 births per 1,000 women, or almost double what it is today.
    • Despite the record low birth rate, more than 3.94 million babies were born in 2016, which was about 37,000 fewer than 2015.
    • The highest birth rate is now among women aged 30-34 at 102.6 births per 1,000 women. Previously, the highest rate had been for women aged 25-29, which fell to 101.9 in 2016.
    • U.S. births by race origin of the mother: 52% white, 23% Hispanic, 14% black, 6% Asian, 1% Native American/native of Alaska, Hawaii or Pacific Islands.

    * * *

    Economists worry that if birthrates continue to decline, America’s economy will enter a period of stagnant growth like that experienced by Japan over the past two decades. As we reported last year, the problem of falling fertility in Japan, which at 1.4 births per woman, has one of the lowest fertility rate in the developed world, is so severe, that Japan's lawmakers have decided to take action.  Late last year, Japan’ cabinet approved a record $830 billion spending budget for fiscal 2017, which includes child-rearing support. However, the birth rate in the US remains positive, while Japan's population is shrinking.

     

    However, at this rate, the local population may not need the free money in the not too distant future. The only hope, as in the case of many European nations, is that a surge in immigration will offset the natural decline of the domestic population, whose average age has never been higher...


              Joseph Tainter: The Collapse Of Complex Societies   

    Authord by Adam Taggart via PeakProsperity.com,

    By popular demand, we welcome Joseph Tainter, USU professor and author of The Collapse Of Complex Societies (free book download here).

    Dr. Tainter sees many of the same unsustainable risks the PeakProsperity.com audience focuses on -- an overleveraged economy, declining net energy per capita, and depleting key resources.

    He argues that the sustainability or collapse of a society follows from the success or failure of its problem-solving institutions. His work shows that societies collapse when their investments in social complexity and their energy subsidies reach a point of diminishing marginal returns. From Tainter's perspective, we are likely already past the tipping point towards collapse but just don’t know it yet:

    Sustainability requires that people have the ability and the inclination to think broadly in terms of time and space. In other words, to think broadly in a geographical sense about the world around them, as well as the state of the world as a whole. And also, to think broadly in time in terms of the near and distant future and what resources will be available to our children and our grandchildren and our great grandchildren.

     

    One of the major problems in sustainability and in this whole question of resources and collapse is that we did not evolve as a species to have this ability to think broadly in time and space. Instead, our ancestors who lived as hunter-gatherers never confronted any challenges that required them to think beyond their locality and the near term(...)

     

    We have developed the most complex society humanity has ever known. And we have maintained it up to this point. I have argued that technological innovation and other kinds of innovation evolve like any other aspect of complexity. The investments in research and development grow increasingly complex and reach diminishing returns. We cannot forever continue to spend more and more on technological innovation when we’ve reached the point of diminishing returns, which I argue we have reached.

     

    Our system of innovation is going to change very significantly over the next twenty to thirty to fifty years or so. By the end of the century, our system of innovation will not be anything like what we know today. It will have to be very different. And it’s likely that innovation is not going to be able to solve our problems as readily as it has done to this point.

     

    The technological optimists have assumed that the productivity of innovation is either constant or increasing. And in fact, what I think my colleagues and I can show is that the productivity of innovation is actually decreasing. What that means is that we will not forever be able to solve resource problems through innovation(...)

     

    And so individuals need to take responsibility for their own ignorance. As I said, our species did not evolve to think broadly in terms of time and space and if we’re going to maintain our way of life, people have to learn to do so. People have to take responsibility for knowing and understanding the predicament that we’re facing. I have argued over the last few years that we need to start teaching early school age children in K to 12 to think differently, to think broadly in terms of time and space – to think historically, to think long-term about the future, to think broadly about what’s going on in the world around us instead of the narrow way – the narrow, local way – that most people live and think. So I put responsibility on individuals to broaden their knowledge.

    Click the play button below to listen to Chris' interview with Joseph Tainter (42m:44s).


              "We Don't Know What Happened" St. Louis Officials Clueless As Downtown Sinkhole Swallows Car   

    In a development that should send a chill down the spine of every citizen of St. Louis  – especially considering the city’s efforts to revitalize its violence-plagued downtown – a sinkhole spontaneously appeared in the city's downtown, swallowing a car that had been parked street side.

    And even more concering, city officials say they have no idea how it happened.

    Vincent Foggie, of the city's water division, said the hole was missing mounds of dirt that normally support the road's asphalt-topped concrete. He called such voids large enough to swallow a vehicle a rarity in the city.

     

    "We don't know what happened," Foggie said. "I have no idea where the dirt went."

    St Louis resident Jordan Westerberg parked his car on sixth street downtown near the railway exchange building on Thursday morning as he and his fiancée headed to an early morning workout at a gym nearby.

    When he returned shortly before 7 a.m. local time, his Toyota Camry was nowhere to be found. Westerberg and his fiancée said they figured it had been towed.

    Then, they saw a gathering of street workers near their parking space, tipping them off that something wasn’t right. That's when Westerberg, 25, found the vehicle in the gaping hole - about 20 feet (6 meters) deep and 8 to 10 feet (2.5 to 3 meters) across - that took up the entire southbound lane of the street, next to a vacant building expected to feature apartments, office space and retail, according to the Associated Press.

    No injuries were reported.

    "It's pretty crazy," said Westerberg, who lives in a loft downtown. "We could've been in the car. It's a compact car. It's not like it's heavy."

    The city said it wasn’t immediately clear what caused the sinkhole, though an 8-inch, below-ground water main at the site appeared to have been broken for some time, given the amount of erosion.

    Now for the real question: How does a water main break in a major city’s downtown without city officials being alerted somehow?

    Hopefully the city will refund Westerberg's parking costs, at the very least.

    Here’s a video courtesy of local AM radio station KMOX.

     


              Picturing An 'America First' Korea Policy   

    Authored by Patrick Buchanan via Buchanan.org,

    “The North Korean regime is causing tremendous problems and is something that has to be dealt with, and probably dealt with rapidly.”

    So President Trump told reporters in the Rose Garden this week.

    But how this is to be done “rapidly” is not so easy to see.

    North Korea has just returned to us Otto Warmbier, a student sentenced to 15 years hard labor for stealing a propaganda poster. Otto came home comatose, and died within days.

    Trump’s conundrum: How to keep such a regime from acquiring an ICBM with a nuclear warhead, which Kim Jong Un is determined to do.

    Having seen us attack Iraq and Libya, which had no nukes, Kim believes that only nuclear weapons that can hit America can deter America. He appears willing to risk war to achieve his goal.

    Trump’s options as he meets South Korean President Moon Jae-in?

    First, the decapitation of the Kim dynasty. But the U.S. has been unable to accomplish regime change for the 64 years following the Korean War. And killing Kim could ignite a war.

    Then there is a U.S. pre-emptive strike on North Korea’s nuclear sites and missile arsenals. But this would surely mean a war in which Americans on the DMZ would be among the first to die, as thousands of North Korean artillery and mortar tubes fired into the suburbs and city of Seoul, which is as close as Dulles Airport is to the White House.

    Asked by Congressman Tim Ryan why we don’t launch a war to end this threat, Defense Secretary James Mattis replied that, while we might “win … at great cost,” such a war would “involve the massive shelling of an ally’s capital … one of the most densely packed cities on earth.”

    Seoul has a metro-area population of 25 million.

    We are thus approaching a point where we accept North Korea having a nuclear weapon that can reach Seattle, or we attack its strategic arsenal and bring on a war in which millions could die.

    What about sanctions?

    The only nation that could impose sufficient hardships on North Korea to imperil the regime is China. But China refuses to impose the Draconian sanctions that might destabilize the regime, and might bring Korean refugees flooding into China. And Beijing has no desire to see Kim fall and Korea united under a regime aligned with the United States.

    What FDR said of one Caribbean dictator, the Chinese are probably saying of Kim Jong Un, “He may be an SOB, but he’s our SOB.”

    Early in his presidency, Trump gave the franchise for dealing with the North Korean threat to Beijing. But his friend Xi Jinping has either failed Trump or declined to deliver.

    As for President Moon, he wants to negotiate, to engage the North economically, to invite its athletes to join South Koreans on joint teams for the Winter Olympics in 2018. Moreover, Moon is said to be willing to cut back on joint military exercises with the U.S. and regards the THAAD missile defense we introduced into South Korea as a negotiable item.

    China, whose missile launches can be detected by THAAD radar, wants it removed and has so informed South Korea.

    Where does this leave us?

    We are committed to go to war to defend the South and have 28,000 troops there. But South Korea wants to negotiate with North Korea and is prepared to make concessions to buy peace.

    As the nation that would suffer most in any second Korean War, South Korea has the sovereign right to play the hand. But what Seoul considers best for South Korea is not necessarily best for us.

    What would be an America First Korean policy?

    The U.S. would give Seoul notice that we will, by a date certain, be dissolving our mutual security treaty and restoring our full freedom to decide whether or not to fight in a new Korean War. Given the present risk of war, possibly involving nuclear weapons, it is absurd that we should be obligated to fight what Mattis says would be a “catastrophic” war, because of a treaty negotiated six decades ago by Eisenhower and Dulles.

    “The commonest error in politics,” Lord Salisbury reminded us, “is sticking to the carcass of dead policies.”

    But we should also tell South Korea that if she desires a nuclear deterrent against an attack by the North, she should build it. Americans should not risk a nuclear war, 8,000 miles away, to defend a South Korea that has 40 times the economy of the North and twice the population.

    No vital U.S. interest requires us, in perpetuity, to be willing to go to war to defend South Korea, especially if that war entails the risk of a nuclear attack on U.S. troops or the American homeland.

    If the United States did not have a mutual security pact that obligates us to defend South Korea against a nuclear-armed North, would President Trump be seeking to negotiate such a treaty?

    The question answers itself.


              Trump "Overrules" Cabinet, Prepares To Unleash Global Trade War   

    While one of Trump's recurring campaign promises was that he would "punish" China and other key US trade counterparties if elected, for taking advantage of free-trade by imposing steep tariffs and duties on foreign imports to "level the playing field", the President's stance changed drastically after the election, U-turning following his amicable meeting with China's president Xi Jinping in March, but mostly as a result of pressure by his ex-Goldman advisors to keep existing trade arrangements in place and not "rock the boat."

    Now, all that may be about to fall apart.

    According to Axios, behind the constant media scandals, "one of the most consequential and contentious internal debates of his presidency unfolded during a tense meeting Monday in the Roosevelt Room of the White House" where with "more than 20 top officials present, including Trump and Vice President Pence, the president and a small band of America First advisers made it clear they're hell-bent on imposing tariffs — potentially in the 20% range — on steel, and likely other imports."

    In other words, Trump - true to his campaign promises - is set to launch a global trade wars after all, one where then main country impacted would be China, however the collateral damage would extend to Canada, Mexico, Japan, Germany and the UK.

    And what may be even more striking is that Trump overruled his cabinet, as "the sentiment in the room was 22 against and 3 in favor — but since one of the three is named Donald Trump, it was case closed." Axios adds that while "no decision has been made, the President is leaning towards imposing tariffs, despite opposition from nearly all his Cabinet."

    Needless to say, if Trump follows through, the outcome would have a profound effect on U.S. economic and foreign policy; Trump will formalize his decision in the coming days.

    What is also notable, is that this is the first time  - so far off the record - in which Trump has openly defied his Wall Street establishment advisors, while siding with the Bannon "populist" front:

    In a plan pushed by Commerce Secretary Wilbur Ross, and backed by chief strategist Steve Bannon (not present at the meeting), trade policy director Peter Navarro and senior policy adviser Stephen Miller, the United States would impose tariffs on China and other big exporters of steel. Neither Mike Pence nor Jared Kushner weighed in either way.

     

    Everyone else in the room, more than 75% of those present, were adamantly opposed, arguing it was bad economics and bad global politics. At one point, Trump was told his almost entire cabinet thought this was a bad idea. But everyone left the room believing the country is headed toward a major trade confrontation.

    As Axios adds, the reason why Trump defied the guidance of his Wall Street-derived advisors is Trump's base "which drives more and more decisions, as his popularity sinks — likes the idea, and will love the fight."

    This, more than anything, should send shivers down Wall Street's spine, because for all his bluster and outrageous media outbursts, Trump had largely been in Wall Street's pocket so far.

    Not anymore, and with Trump's base hell bent on punishing the 1% (which includes Wall Street), if Trump indeed launches global trade war, his future decisions will become increasingly market unfriendly.


              Joseph Tainter: The Collapse Of Complex Societies   
    Joseph Tainter: The Collapse Of Complex Societies Authord by Adam Taggart via PeakProsperity.com,

    By popular demand, we welcome Joseph Tainter, USU professor and author of The Collapse Of Complex Societies (free book download here).

    Dr. Tainter sees many of the same unsustainable risks the PeakProsperity.com audience focuses on -- an overleveraged economy, declining net energy per capita, and depleting key resources.

    He argues that the sustainability or collapse of a society follows from the success or failure of its problem-solving institutions. His work shows that societies collapse when their investments in social complexity and their energy subsidies reach a point of diminishing marginal returns. From Tainter's perspective, we are likely already past the tipping point towards collapse but just don’t know it yet:



    *Sustainability requires that people have the ability and the inclination to think broadly in terms of time and space.* In other words, to think broadly in a geographical sense about the world around them, as well as the state of the world as a whole. And also, to think broadly in time in terms of the near and distant future and what resources will be available to our children and our grandchildren and our great grandchildren.

     

    One of the major problems in sustainability and in this whole question of resources and collapse is that *we did not evolve as a species to have this ability to think broadly in time and space*. Instead, our ancestors who lived as hunter-gatherers never confronted any challenges that required them to think beyond their locality and the near term(...)

     

    We have developed the *most complex *society humanity has ever known. And we have maintained it up to this point. I have argued that technological innovation and other kinds of innovation evolve like any other aspect of complexity. The investments in research and development grow increasingly complex and reach diminishing returns. *We cannot forever continue to spend more and more on technological innovation when we’ve reached the point of diminishing returns, which I argue we have reached.*

     

    Our system of innovation is going to change very significantly over the next twenty to thirty to fifty years or so. By the end of the century, our system of innovation will not be anything like what we know today. It will have to be very different. And it’s likely that *innovation is not going to be able to solve our problems as readily as it has done* to this point.

     

    The technological optimists have assumed that the productivity of innovation is either constant or increasing. And in fact, what I think my colleagues and I can show is that the productivity of innovation is actually decreasing. What that means is that *we will not forever be able to solve resource problems through innovation*(...)

     

    And so *individuals need to take responsibility *for their own ignorance. As I said, our species did not evolve to think broadly in terms of time and space and if we’re going to maintain our way of life, people have to learn to do so. *People have to take responsibility for knowing and understanding the predicament that we’re facing. *I have argued over the last few years that we need to start teaching early school age children in K to 12 to think differently, to think broadly in terms of time and space – to think historically, to think long-term about the future, to think broadly about what’s going on in the world around us instead of the narrow way – the narrow, local way – that most people live and think. So I put responsibility on individuals to broaden their knowledge.



    Click the play button below to listen to Chris' interview with Joseph Tainter (42m:44s). Reported by Zero Hedge 30 minutes ago.
              "We Don't Know What Happened" St. Louis Officials Clueless As Downtown Sinkhole Swallows Car   
    We Don't Know What Happened St. Louis Officials Clueless As Downtown Sinkhole Swallows Car In a development that should send a chill down the spine of every citizen of St. Louis  – especially considering the city’s efforts to revitalize its violence-plagued downtown – a sinkhole spontaneously appeared in the city's downtown, swallowing a car that had been parked street side.

    And even more concering, city officials say they have no idea how it happened.



    Vincent Foggie, of the city's water division, s*aid the hole was missing mounds of dirt that normally support the road's asphalt-topped concrete. He called such voids large enough to swallow a vehicle a rarity in the city.*

     

    *"We don't know what happened," *Foggie said.* "I have no idea where the dirt went."*



    St Louis resident Jordan Westerberg parked his car on sixth street downtown near the railway exchange building on Thursday morning as he and his fiancée headed to an early morning workout at a gym nearby.

    When he returned shortly before 7 a.m. local time, his Toyota Camry was nowhere to be found. Westerberg and his fiancée said they figured it had been towed.

    Then, they saw a gathering of street workers near their parking space, tipping them off that something wasn’t right. *That's when Westerberg, 25, found the vehicle in the gaping hole - about 20 feet (6 meters) deep and 8 to 10 feet (2.5 to 3 meters) across - that took up the entire southbound lane of the street, next to a vacant building expected to feature apartments, office space and retail, *according to the Associated Press.

    No injuries were reported.

    "It's pretty crazy," said Westerberg, who lives in a loft downtown. "We could've been in the car. It's a compact car. It's not like it's heavy."

    The city said it wasn’t immediately clear what caused the sinkhole, though an 8-inch, below-ground water main at the site appeared to have been broken for some time, given the amount of erosion.

    Now for the real question: How does a water main break in a major city’s downtown without city officials being alerted somehow?

    Hopefully the city will refund Westerberg's parking costs, at the very least.

    Here’s a video courtesy of local AM radio station KMOX.

      Reported by Zero Hedge 30 minutes ago.
              Picturing An 'America First' Korea Policy   
    Picturing An 'America First' Korea Policy Authored by Patrick Buchanan via Buchanan.org,



    *“The North Korean regime is causing tremendous problems and is something that has to be dealt with, and probably dealt with rapidly.”*



    So President Trump told reporters in the Rose Garden this week.

    But how this is to be done “rapidly” is not so easy to see.

    North Korea has just returned to us Otto Warmbier, a student sentenced to 15 years hard labor for stealing a propaganda poster. *Otto came home comatose, and died within days.*

    Trump’s conundrum: *How to keep such a regime from acquiring an ICBM with a nuclear warhead, which Kim Jong Un is determined to do.*

    Having seen us attack Iraq and Libya, which had no nukes, Kim believes that only nuclear weapons that can hit America can deter America. He appears willing to risk war to achieve his goal.

    *Trump’s options as he meets South Korean President Moon Jae-in?*

    First, the* decapitation of the Kim dynasty.* But the U.S. has been unable to accomplish regime change for the 64 years following the Korean War. And killing Kim could ignite a war.

    Then there is a U.S. *pre-emptive strike* on North Korea’s nuclear sites and missile arsenals. But this would surely mean a war in which Americans on the DMZ would be among the first to die, as thousands of North Korean artillery and mortar tubes fired into the suburbs and city of Seoul, which is as close as Dulles Airport is to the White House.

    Asked by Congressman Tim Ryan why we don’t launch a war to end this threat, Defense Secretary James Mattis replied that, while we might “win … at great cost,” such a war would “involve the massive shelling of an ally’s capital … one of the most densely packed cities on earth.”

    Seoul has a metro-area population of 25 million.

    *We are thus approaching a point where we accept North Korea having a nuclear weapon that can reach Seattle, or we attack its strategic arsenal and bring on a war in which millions could die.*

    *What about sanctions?*

    The only nation that could impose sufficient hardships on North Korea to imperil the regime is China. But China refuses to impose the Draconian sanctions that might destabilize the regime, and might bring Korean refugees flooding into China. And Beijing has no desire to see Kim fall and Korea united under a regime aligned with the United States.

    What FDR said of one Caribbean dictator, the Chinese are probably saying of Kim Jong Un, *“He may be an SOB, but he’s our SOB.”*

    Early in his presidency, Trump gave the franchise for dealing with the North Korean threat to Beijing. But his friend Xi Jinping has either failed Trump or declined to deliver.

    As for President Moon, he wants to negotiate, to engage the North economically, to invite its athletes to join South Koreans on joint teams for the Winter Olympics in 2018. Moreover, Moon is said to be willing to cut back on joint military exercises with the U.S. and regards the THAAD missile defense we introduced into South Korea as a negotiable item.

    China, whose missile launches can be detected by THAAD radar, wants it removed and has so informed South Korea.

    *Where does this leave us?*

    We are committed to go to war to defend the South and have 28,000 troops there. But South Korea wants to negotiate with North Korea and is prepared to make concessions to buy peace.

    As the nation that would suffer most in any second Korean War, South Korea has the sovereign right to play the hand. But what Seoul considers best for South Korea is not necessarily best for us.

    *What would be an America First Korean policy?*

    The U.S. would give Seoul notice that we will, by a date certain, be dissolving our mutual security treaty and restoring our full freedom to decide whether or not to fight in a new Korean War. Given the present risk of war, possibly involving nuclear weapons, it is absurd that we should be obligated to fight what Mattis says would be a “catastrophic” war, because of a treaty negotiated six decades ago by Eisenhower and Dulles.

    *“The commonest error in politics,” Lord Salisbury reminded us, “is sticking to the carcass of dead policies.”*

    But we should also tell South Korea that if she desires a nuclear deterrent against an attack by the North, she should build it. Americans should not risk a nuclear war, 8,000 miles away, to defend a South Korea that has 40 times the economy of the North and twice the population.

    *No vital U.S. interest requires us, in perpetuity, to be willing to go to war to defend South Korea, especially if that war entails the risk of a nuclear attack on U.S. troops or the American homeland.*

    *If the United States did not have a mutual security pact that obligates us to defend South Korea against a nuclear-armed North, would President Trump be seeking to negotiate such a treaty?*

    The question answers itself. Reported by Zero Hedge 1 hour ago.
              Oliver Stone Tells Ron Paul: Edward Snowden Is The "Most American Of Patriots"   
    Oliver Stone Tells Ron Paul: Edward Snowden Is The Most American Of Patriots Director Oliver Stone, who’s recently released series “The Putin Interviews” stirred up controversy among liberals who* accused him of being a Russian propagandist,* appeared on the Liberty Report with former Texas Congressman Ron Paul to discuss the documentary, his views about former NSA contractor Edward Snowden, and why the US’s aggressive approach to containing the purported threat posed by Russia has led to a breakdown in relations between the two powers.

    Stone said he’s been “interested” in Russia since being raised as a conservative in New York City, claiming that *his father instilled a “fear” of Communism and Russians in him at a young age.* In the early 1980s, Stone visited the country for the first time as a screenwriter with the idea of interviewing several dissidents. He has returned several times since. *In particular, Stone has become interested in the case of Snowden, whom he praised as “the most American of patriots.”*



    “I was interested in Russia – I went back into the 2000s. The Snowden story occupied me. And of course, it’s so ironic that he the most American of patriots is living in Moscow because he has to. *It’s the only country in the world that would give him asylum -  in other words it’s the only country in the word that can deny the US what it wants which is Snowden.”*

     

    “[Putin] explained to me that Russians wanted an extradition treaty with the US for years, but nothing doing, because there are a lot of Russian criminals in America who stole money from Russia. He did nothing wrong in Russian terms so they gave him asylum - now its 3 years 5 years whatever its going to be. I wish Ed well I really do.”



    Stone tried explaining Putin’s point of view regarding the breakdown in relations between the US and Russia that has occurred since the end of the George W Bush presidency, saying the US’s decision to install new ABM defenses have greatly unsettled Russians, who see their installation as an encroachment.



    “We come around now to this period in 2017…for some reason an improving US-Russia relationship deteriorated completely. *Mr. Putin in his interview goes into the ABM treaty, he goes into the expansion of NATO and the American support of terrorism in the caucuses while the Russians were helping them in Afghanistan.”*

     

    *“That’s an important issue for them. Many American lives were saved. I think you talked about those three issues NATO, ABM, the support of terrorism.”*



    The ABM installations, in particular, are threatening a policy of “nuclear parity” that has existed since the Soviet Union, Stone said, adding that the notion that Russia is a threat to the US is “insanity,” given Russia's weaker economy and less powerful military.



    *“ABM destroys the nuclear parity that existed. When Mr. Bush tore that up in 2001, that was a signal that the US wanted nuclear superiority, or a first strike option.”*



    Stone also shared a story about watching the movie “Dr. Strangelove” with Putin, who he said was greatly moved.



    “I showed him the movie Dr. Strangelove…and he watched it very serious about it. He said this movie was very accurate of that time and it’s still accurate today.”



    Circling back to the issue of nuclear deterrents, Stone said he’s worried that rising tensions around the world could trigger a “nuclear confrontation.”



    “I’m saying I have reached that age when I am not really concerned about what happens to me but… it’s not just about the US, but about the whole planet and *I feel a nuclear confrontation, an accident, could happen tomorrow. But you put ABMs in Poland and Romania - that’s a gigantic mistake.”*

     

    “An ABM can be converted overnight from a defensive missile to an offensive missile. They’re surrounded from the North the East and the West by US missiles and we don’t seem to realize it.”



    Stone says he’s “scared for America,” explaining that many US citizens prefer to blindly accept media spin that’s favorable to the US establishment, without questioning it, or trying to understand Russia’s point of view.



    “It’s a good thing I went through JFK when I was younger…there’s been a lot of controversy around my movies. *I’m scared not for myself because I’m at that age, they can’t destroy me anymore, but I’m scared for America, I’m afraid they’ve lost their sense. I’m afraid there’s a lack of foresight and leadership.”*



    Stone denied allegations that he provided questions to Putin ahead of time, and said the four-part documentary is a great opportunity for Americans to learn more about Russia’s enigmatic leader.



    *“Over four hours you can listen to a man who’s been there 16 years talk about the balance of power. We live in this spin cycle like a laundry every day it’s a crisis and I think that’s the way we like it, it creates more money but this is not a view of the world.”*

    Reported by Zero Hedge 55 minutes ago.
              PWC: Mobile Analyst   
    Competitive: PWC: We’re looking for Mobile Analysts to join PwC Augment to provide support for our leading clients on a variety of projects Our clients are typically large banks, asset managers and hedge funds, while the projects include compliance and regulatory change, f Belfast
              San Francisco Awards $190,000 To Illegal Immigrant Over "Sanctuary City Violation"   
    San Francisco Awards $190,000 To Illegal Immigrant Over Sanctuary City Violation The tax payers of San Francisco, courtesy of a plea deal negotiated by the City Attorney's Office, will soon be handing over $190,000 to an illegal immigrant, who had a warrant out for his arrest mind you, after he filed a lawsuit alleging that city police violated 'sanctuary city ordinances' by handing him over to immigration officials.  *No, you've not lost your mind, this is real life.*

    The incident all started when Pedro Figueroa-Zarceno visited a San Francisco police station to report that his car had been stolen.  In the process of filing the complaint, *officers discovered there was a warrant out for Figueroa's arrest *but apparently they were unable to track down further details.  Figueroa was eventually allowed to leave the police station through a side exit where immigration officials were conveniently waiting for him.

    Here is more from the San Francisco Examiner:



    A man who San Francisco police turned over to immigration authorities in violation of The City’s sanctuary ordinance is *set to be awarded $190,000 in a settlement agreement* reached with the City Attorney’s Office, which his lawyer hopes will push police to obey such laws.

     

    Pedro Figueroa-Zarceno, 33, sued The City on Jan. 17 for violating its sanctuary city laws when *officers at Southern Station allegedly cooperated with immigration officials.* Figueroa-Zarceno, *an undocumented immigrant and native of El Salvador*, went to the station at 1251 3rd Street in Mission Bay in December 2015 to report a stolen car.

     

    But instead of helping him find his car, officers called immigration authorities, who took him into custody outside of the station.

     

    Police reports and case documents previously obtained by the Examiner showed that officers at the station *detained Figueroa-Zarceno after they ran his name and found a warrant for his arrest*. But they were unable to find details on the warrant, so Figueroa-Zarceno was released from a side door, where he was then arrested by immigration officials. Those officials had been notified by San Francisco police.



     

    All that said, Attorney Saira Hussain wants you to know that it's "really important" that San Francisco's sanctuary city laws are protected...*other laws, not so much.*



    *“It’s really important for San Francisco to remain a sanctuary city not in name only but also in practice,”* said Saira Hussain, a staff attorney at the Asian Law Caucus, who represented Zarceno.

     

    City law, the Due Process for All Ordinance, bars law enforcement from cooperating with Immigration and Customs Enforcement, among other federal immigration officials, except in a few exceptions when violent criminals are involved. Part of the law’s purpose was to encourage immigrants to report crimes they may otherwise not report because they fear law enforcement will turn them over to immigration authorities.



    Of course, none of this is particularly surprising given that, as we recently noted, the city of San Francisco launched a whole new group in the Public Defender's office specifically dedicated to representing illegal immigrants.  As an NBC affiliate in the Bay Area noted, the new office is expected to handle just 50 clients per year of the 1,500 detained immigrants that currently have scheduled court dates*.   *



    *Unlike in criminal court, immigrants are not automatically entitled to legal representation in deportation proceedings.* However, studies have shown that detained immigrants with attorneys are six times more likely to win their cases.

     

    While San Francisco also provides funding to nonprofits specializing in legal aid to immigrants, the public defender's office is intended to serve those already in detention, a demographic the nonprofits generally don't serve.

     

    *The unit's attorneys are each expected to handle around 50 clients per year -- a small portion of the estimated 1,500 detained immigrants who currently have court dates in San Francisco, *around 85 percent of whom do not have attorneys.



    If cities get to randomly pick and choose which laws they're going to enforce, *can we kindly request that someone create a 'sanctuary' for those wanted for grand theft auto?*  Some of us are in the market for a couple really nice Lambo's but are somewhat 'economically challenged' at the moment...frankly, it's just not fair and we're feeling 'triggered'. Reported by Zero Hedge 1 hour ago.
              Ep 127 – The Conspiracies Continue   

    After a week off, Meghan rejoins Tim and Brian only to find out that Tim has gone off the edge of reality and into paranoid conspiracy theory mode… again. The trio also talks about a new Starbucks lawsuit, the recent outing of ZeroHedge’s writers, and potential running mates for Donald Trump.

    The post Ep 127 – The Conspiracies Continue appeared first on The Tim Preuss Podcast.


              Additional Charges Announced in Case Involving Pre-Released ADRs   
    (HedgeCo.Net) The Securities and Exchange Commission has announced additional charges in an enforcement investigation involving the improper handling of American Depositary Receipts (ADRs) by a Wall Street firm’s securities lending desk. The SEC’s order finds supervisory failures by Anthony Portelli, […]
              Pantera Capital Targets $100M For New ICO-Focused Hedge Fund   
    (FINalterntives) Digital currency investment specialist Pantera Capital is launching a new hedge fund that will focus on investments into the initial coin offerings (ICOs) of start-up companies working in the blockchain space. To read this article:
              Shkreli’s Hedge Fund Went From Success to Bust in 31 Minutes   
    (Bloomberg) In 31 minutes a hedge fund managed by Martin Shkreli in 2012 went from a roaring success to an empty shell, one of his investors told a jury. Sarah Hassan, 27, who gave Shkreli $300,000 to invest, said she […]
              Several Hedge Funds Get Hurt as Rite Aid Deal Folds   
    (Bloomberg) Rite Aid Corp.’s merger with Walgreens Boots Alliance Inc. has gone up in flames, burning some hedge funds in the process. Walgreens announced Thursday it would scrap the takeover of the drugstore rival after a host of antitrust problems […]
              Traders Who Left Banks for Hedge Funds Heading Back to Banks   
    (Bloomberg) Traders who fled banks for hedge funds are on their way back to Wall Street. This month, Barclays Plc hired Chris Leonard, a founder of two hedge funds in the decade since he left JPMorgan Chase & Co., to […]
              Meister’s Corvex Ups Stake In Energen, Ramps Up Pressure   
    (FINalternatives) Keith Meister’s activist hedge fund Corvex Management LP has raised its stake in oil and gas producer Energen to 7.6% and criticized the company’s decision to maintain the status quo following a review of strategic alternatives. In late May, […]
              Iron Ore Gets a Break—But This Hedge Fund Says It’s Going Lower   
    (Bloomberg) Iron ore’s finally catching a break with a jump back into the $60s a ton. But don’t bank on the recovery lasting through to the year-end, according to Academia Capital, a commodities and emerging markets-focused hedge fund, which warns […]
              Machine Learning’s Mediocre Gains   
    (Bloomberg) Hedge funds using vast amounts of data, computing power, and machine-learning techniques to make money are drawing investors’ attention. But their brief track records show they suffer the same shortcomings as their more traditional peers. The Eurekahedge AI Hedge […]
              LAW IN FOREIGN EXCHANGE MARKET   
    Law is a system of rules, usually enforced through a set of institutions. Laws can shape or reflect politics, economics and society in numerous ways and serves as a primary social mediator of relations between people.

    Contract law regulates everything from buying a bus ticket to trading on derivatives markets. Property law defines rights and obligations related to the transfer and title of personal (often referred to as chattel) and real property. Trust law applies to assets held for investment and financial security, while tort law allows claims for compensation if a person's rights or property are harmed.

    If the harm is criminalised in a statute, criminal law offers means by which the state can prosecute the perpetrator. Constitutional law provides a framework for the creation of law, the protection of human rights and the election of political representatives. Administrative law is used to review the decisions of government agencies, while international law governs affairs between sovereign nation states in activities ranging from trade to environmental regulation or military action. Writing in 350 BC, the Greek philosopher Aristotle declared, "The rule of law is better than the rule of any individual.

    Legal systems elaborate rights and responsibilities in a variety of ways. A general distinction can be made between civil law jurisdictions, which codify their laws, and common law systems, where judge made law is not consolidated. In some countries, religion informs the law. Law provides a rich source of scholarly inquiry, into legal history, philosophy, economic analysis or sociology. Law also raises important and complex issues concerning equality, fairness and justice. "In its majestic equality", said the author Anatole France in 1894, "the law forbids rich and poor alike to sleep under bridges, beg in the streets and steal loaves of bread.

    In a typical democracy, the central institutions for interpreting and creating law are the three main branches of government, namely an impartial judiciary, a democratic legislature, and an accountable executive. To implement and enforce the law and provide services to the public, a government's bureaucracy, the military and police are vital. While all these organs of the state are creatures created and bound by law, an independent legal profession and a vibrant civil society inform and support their progress.

    In The foreign exchange market (forex, FX, or currency market) is a worldwide decentralized over-the-counter financial market for the trading of currencies. Financial centers around the world function as anchors of trading between a wide range of different types of buyers and sellers around the clock, with the exception of weekends. The foreign exchange market determines the relative values of different currencies.

    The primary purpose of the foreign exchange market is to assist international trade and investment, by allowing businesses to convert one currency to another currency. For example, it permits a US business to import British goods and pay Pound Sterling, even though the business's income is in US dollars. It also supports speculation, and facilitates the carry trade, in which investors borrow low-yielding currencies and lend (invest in) high-yielding currencies, and which (it has been claimed) may lead to loss of competitiveness in some countries.

    In a typical foreign exchange transaction a party purchases a quantity of one currency by paying a quantity of another currency. The modern foreign exchange market started forming during the 1970s when countries gradually switched to floating exchange rates from the previous exchange rate regime, which remained fixed as per the Bretton Woods system.

    In The Commodity Exchange Act (CEA), 7 U.S.C. § 1 et seq., prohibits fraudulent conduct in the trading of futures contracts. In 1974, Congress amended the Act to create a more comprehensive regulatory framework for the trading of futures contracts and created the Commodity Futures Trading Commission, replacing the Commodity Exchange Authority. The stated mission of the CFTC is to protect market users and the public from fraud, manipulation, and abusive practices related to the sale of commodity and financial futures and options, and to foster open, competitive, and financially sound futures and option markets.

    Congress created the CFTC in 1974 as an independent agency with the mandate to regulate commodity futures and option markets in the United States. The agency's mandate has been renewed and expanded several times since then, most recently in December 2000 when Congress passed the Commodity Futures Modernization Act of 2000, which instructed the Securities & Exchange Commission and the CFTC to develop a joint regulatory regime for single-stock futures, and the products subsequently began trading in November 2002. Today, the CFTC assures the economic utility of the futures markets by encouraging their competitiveness and efficiency, ensuring their integrity, protecting market participants against manipulation, abusive trading practices, and fraud, and ensuring the financial integrity of the clearing process. Through effective oversight, the CFTC enables the futures markets to serve the important function of providing a means for price discovery and offsetting price risk.

    From the outset, the CFTC has been plagued by limited budgets and manpower. In addition, it has faced numerous efforts by the Securities & Exchange Commission (SEC) to usurp its regulatory jurisdiction. For example, the current Chairperson of the SEC, Mary Schapiro, was previously Chairperson of the CFTC. When she assumed the Commission's top position, Schapiro recruited several former SEC staffers and gave them prominent roles within the agency. Her plan was to reshape the Commission into a mini-SEC with an eventual goal of folding the CFTC into the SEC. Her plan failed to bear fruit because her term in office was relatively brief. It was cut short by her decision to leave the agency for a more lucrative position with a securities self-regulatory agency. President Obama's effort to reorganize the regulation of entities such as hedge funds and products such as derivative contracts will provide Chairperson Schapiro with another opportunity to attempt to expand SEC jurisdiction at the expense of the CFTC.

    The Commission consists of five Commissioners appointed by the President to serve staggered five-year terms. The President, with the consent of the United States Senate, designates one of the Commissioners to serve as Chairman. No more than three Commissioners at any one time may be from the same political party.

    The foreign exchange market is the largest and most liquid financial market in the world. Traders include large banks, central banks, currency speculators, corporations, governments, and other financial institutions. The average daily volume in the global foreign exchange and related markets is continuously growing. Daily turnover was reported to be over US$3.2 trillion in April 2007 by the Bank for International Settlements. Since then, the market has continued to grow. According to Euromoney's annual FX Poll, volumes grew a further 41% between 2007 and 2008.

    Of the $3.98 trillion daily global turnover, trading in London accounted for around $1.36 trillion, or 34.1% of the total, making London by far the global center for foreign exchange. In second and third places respectively, trading in New York City accounted for 16.6%, and Tokyo accounted for 6.0%. In addition to "traditional" turnover, $2.1 trillion was traded in derivatives.
    Exchange-traded FX futures contracts were introduced in 1972 at the Chicago Mercantile Exchange and are actively traded relative to most other futures contracts.

    Several other developed countries also permit the trading of FX derivative products (like currency futures and options on currency futures) on their exchanges. All these developed countries already have fully convertible capital accounts. Most emerging countries do not permit FX derivative products on their exchanges in view of prevalent controls on the capital accounts. However, a few select emerging countries (e.g., Korea, South Africa, India) have already successfully experimented with the currency futures exchanges, despite having some controls on the capital account.

    FX futures volume has grown rapidly in recent years, and accounts for about 7% of the total foreign exchange market volume, according to The Wall Street Journal Europe . Foreign exchange trading increased by 38% between April 2005 and April 2006 and has more than doubled since 2001. This is largely due to the growing importance of foreign exchange as an asset class and an increase in fund management assets, particularly of hedge funds and pension funds. The diverse selection of execution venues have made it easier for retail traders to trade in the foreign exchange market. In 2006, retail traders constituted over 2% of the whole FX market volumes with an average daily trade volume of over US$50-60 billion (see retail trading platforms).

    Because foreign exchange is an OTC market where brokers/dealers negotiate directly with one another, there is no central exchange or clearing house. The biggest geographic trading centre is the UK, primarily London, which according to IFSL estimates has increased its share of global turnover in traditional transactions from 31.3% in April 2004 to 34.1% in April 2007. Due to London's dominance in the market, a particular currency's quoted price is usually the London market price. For instance, when the IMF calculates the value of its SDRs every day, they use the London market prices at noon that day.

    The ten most active traders account for 77% of trading volume, according to the 2010 Euromoney FX survey. These large international banks continually provide the market with both bid (buy) and ask (sell) prices. The bid/ask spread is the difference between the price at which a bank or market maker will sell ("ask", or "offer") and the price at which a market taker will buy ("bid") from a wholesale or retail customer. The customer will buy from the market-maker at the higher "ask" price, and will sell at the lower "bid" price, thus giving up the "spread" as the cost of completing the trade. This spread is minimal for actively traded pairs of currencies, usually 0–3 pips. For example, the bid/ask quote of EURUSD might be 1.2200/1.2203 on a wholesale broker. Minimum trading size for most deals is usually 100,000 units of base currency, which is a standard "lot".

    These spreads might not apply to retail customers at banks, which will routinely mark up the difference to say 1.2100/1.2300 for transfers, or say 1.2000/1.2400 for banknotes or travelers' checks. Spot prices at market makers vary, but on EURUSD are usually no more than 3 pips wide (i.e., 0.0003). Competition is greatly increased with larger transactions, and pip spreads shrink on the major pairs to as little as 1 to 2 pips.

    Unlike a stock market, the foreign exchange market is divided into levels of access. At the top is the inter-bank market, which is made up of the largest commercial banks and securities dealers. Within the inter-bank market, spreads, which are the difference between the bid and ask prices, are razor sharp and usually unavailable, and not known to players outside the inner circle. The difference between the bid and ask prices widens (from 0-1 pip to 1-2 pips for some currencies such as the EUR). This is due to volume. If a trader can guarantee large numbers of transactions for large amounts, they can demand a smaller difference between the bid and ask price, which is referred to as a better spread. The levels of access that make up the foreign exchange market are determined by the size of the "line" (the amount of money with which they are trading). The top-tier inter-bank market accounts for 53% of all transactions. After that there are usually smaller banks, followed by large multi-national corporations (which need to hedge risk and pay employees in different countries), large hedge funds, and even some of the retail FX-metal market makers. According to Galati and Melvin, “Pension funds, insurance companies, mutual funds, and other institutional investors have played an increasingly important role in financial markets in general, and in FX markets in particular, since the early 2000s.” (2004) In addition, he notes, “Hedge funds have grown markedly over the 2001–2004 period in terms of both number and overall size” Central banks also participate in the foreign exchange market to align currencies to their economic needs.

    The interbank market caters for both the majority of commercial turnover and large amounts of speculative trading every day. A large bank may trade billions of dollars daily. Some of this trading is undertaken on behalf of customers, but much is conducted by proprietary desks, trading for the bank's own account. Until recently, foreign exchange brokers did large amounts of business, facilitating interbank trading and matching anonymous counterparts for small fees. Today, however, much of this business has moved on to more efficient electronic systems. The broker squawk box lets traders listen in on ongoing interbank trading and is heard in most trading rooms, but turnover is noticeably smaller than just a few years ago.

    All legal systems deal with the same basic issues, but each country categorises and identifies its legal subjects in different ways. A common distinction is that between "public law" (a term related closely to the state, and including constitutional, administrative and criminal law), and "private law" (which covers contract, tort and property). In civil law systems, contract and tort fall under a general law of obligations, while trusts law is dealt with under statutory regimes or international conventions. International, constitutional and administrative law, criminal law, contract, tort, property law and trusts are regarded as the "traditional core subjects , although there are many further disciplines which may be of greater practical importance.
              Several hedge funds get hurt as Rite Aid deal folds   
    From Bloomberg.com: Rite Aid Corp.'s merger with Walgreens Boots Alliance Inc. has gone up in flames, burning some hedge funds in the process. Walgreens announced Thursday it would scrap the takeover of the drugstore rival after a host of antitrust problems dogged the year and a half-long saga. Two ...
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              Launches - Pine River Capital Management plans to spin off nearly $2bn hedge fund, A top trader at a $12.6bn hedge fund is going it alone with $200m from his boss, Harvard links billionaire Samwers, ex-Eton manager in new fund, A 33-year old hedge fund manager is hoping to raise at least $200m for a new fund   
    Pine River Capital Management plans to spin off nearly $2bn hedge fund From WSJ.com: Pine River Capital Management plans to spin off a nearly $2 billion government bond-trading fund into a stand-alone firm Jan. 1, in what is likely to be one of the biggest new hedge-fund launches next year. The Min...
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              Hedge fund Renaissance picks winner as Japan stock surges 1,813%   
    From Bloomberg.com: In late March, a headline flashed across the Bloomberg terminal: Renaissance Technologies holds 5.43 percent of CyberStep Inc. It turned out to be one smart bet. The Tokyo-based developer of online games, which few outside the industry would have heard of, was about to put in the...
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              Regulatory - SEC said to scrutinize hedge funds' handling of hot IPO shares, Commodity hedge funds see low position limits, tax as hurdles   
    SEC said to scrutinize hedge funds' handling of hot IPO shares From Bloomberg.com: U.S. regulators are scrutinizing how hedge funds and other money managers divvy up the stock they get from hot initial public offerings due to concerns that highly lucrative trades are inappropriately enriching a sel...
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              Legal - Investor in Martin Shkrelis fund testifies she felt betrayed by Pharma Bro, who dragged out paying her for months   
    From CNBC.com: The daughter of a well-known pharmaceuticals executive testified Thursday she felt quot;betrayed quot; by Martin Shkreli after the quot;Pharma Bro quot; dragged his feet for months in paying out her supposedly profitable hedge fund investment - only to tell her the money had been us...
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              Europe - Co-op Bank secures GBP700m lifeline from its hedge fund backers   
    Co-op Bank secures GBP700m lifeline from its hedge fund backers From Express.co.uk: The Co-op Bank has secured a pound;700 million lifeline from its hedge fund backers. The funding deal, boosting the loss-making lender's balance sheet to meet the capital requirements of regulators, means reducing ...
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              People - Traders who left banks for hedge funds now heading back to banks   
    From Bloomberg.com: Traders who fled banks for hedge funds are on their way back to Wall Street. This month, Barclays Plc hired Chris Leonard, a founder of two hedge funds in the decade since he left JPMorgan Chase Co., to turn around U.S. rates trading. At the end of last year, ex-bankers Roberto...
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              Investing - The best way to make money off Cliff Asness? Buy Cliff Asness, Hedge fund Anchorage to control Slater Gordon   
    The best way to make money off Cliff Asness? Buy Cliff Asness From Institutionalinvestor.com: While hedge funds have been under fire in recent years for high fees and lackluster performance, investing in the firms that manage them has remained a popular strategy. One such firm, New York-based White...
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              Book Review - Your complete guide to factor-based investing   
    The 2008 stock market plunge induced many investors to seek diversification beyond the traditional vehicle of bonds. Unfortunately, write Andrew Berkin and Larry Swedroe in Your Complete Guide to Factor-Based Investing: The Way Smart Money Invests Today, such alternatives as private equity, hedge fu...
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              News Briefs - Chatty billionaire Ackman grabs bigger megaphone with Twitter account, What did critics say about the iPhone in 2007?   
    Chatty billionaire Ackman grabs bigger megaphone with Twitter account Billionaire investor William Ackman, one of the hedge fund industry 's most voluble managers with opinions ranging from how companies should be run to the dangers of sugary drinks, just got himself an even bigger megaphone: a Twit...
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              Dyal Capital acquires minority interest in $2.5bn credit hedge fund   
    Atalaya Capital Management, a private credit and special opportunities alternative investment manager, announced today that the firm has entered into a primary transaction with Dyal Capital Partners, a division of Neuberger Berman Group. Dyal will become a passive, non-voting minority partner in Ata...
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              Launches - Ex-Goldman head of oil derivatives trading launches commodities hedge fund, Stockholm based hedge fund group IPM launches fund for US market   
    Ex-Goldman head of oil derivatives trading launches commodities hedge fund From WSJ.com: Two veteran oil traders are launching a commodities hedge fund, while crude prices languish in a bear market. Rose Commodities, founded by Richard Rosenblum, former global head of crude oil and derivatives t...
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              Hedge fund increases headcount by 20% after revenues slide by 30%   
    From eFinancialcareers.com: Arrowgrass Capital Management, the $3.5bn hedge fund set up by former Deutsche Bank bond traders, increased headcount in its London operation by over 20% last year, despite revenues tumbling by 28% over the course of the year. Arrowgrass, which has just released its ac...
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              RavenPack Helps Hedge Funds Deal With Their Big Data 'Hoarding Disorder'   
    The default setting for financial firms today is to hold on to data, like something from Hoarders. Firms have difficulty parting with in-house data because they don't know what is OK to delete. To be on the safe side, especially from a compliance perspective, they just save everything. Given the availability of ever cheaper computing power and storage, the direct cost of following such a strategy is fairly low.
              Financial Data Science Event In London Includes Hedge Fund Quantitative Analysts, Software Engineers   
    International Business Times and Newsweek host their first Data Science in Capital Markets event this week (1st and 2nd March) at the Barbican in the City of London. A global audience of data scientists, quantitative analysts, and software engineers from hedge funds and investment banks are attending. Speakers include Wes McKinney, the open source Pandas libraries guru; Professor David Hand, chief scientific advisor at Winton; and Professor Steve Roberts director of the Oxford-Man Institute.
              Another Major, Near-Term Reason To Own Precious Metals…Crypto-Currency!   
    Without peer, Zero Hedge is the best alternative financial media website on the planet.  It has been this way for years; and without it, I couldn’t do my job as effectively.  However, they are not perfect; and consequently, I have been “blackballed” from Zero Hedge since calling “Tyler Durden” out, way back in 2011 – for not giving enough credence to Precious Metals manipulation; or subsequently, understanding how the reason his website is so popular is because gold price suppression has enabled history’s largest, most destructive fiat Ponzi scheme to continue.  In recent years, aided by the no-brainer evidence of such manipulation, Zero Hedge is much better at reporting on this all-important topic.  However, I will continue to push as hard as possible to make sure it is reported correctly – by both Zero Hedge, and everyone else in the financial media. Clearly, the world is a far better place with Zero Hedge in it.  However, I’m at times, incredulous as to how it presents certain topics, other than Precious Metals; at times, like this morning, in a manner only a world-destroying, 1% propagandist could appreciate.  Like, for instance, suggesting this morning’s Chinese Manufacturing PMI print “accelerated” from 51.2 in May to 51.7 in June.  As aside from both readings being barely above the recessionary cut-off of 50.0; by no reasonable mathematical definition, worthy of being considered “acceleration”; Chinese economic data, by its government’s own admission, is as upwardly rigged as any on the planet. Subsequently, Zero Hedge appeared to “validate” Mario Draghi’s propagandist intimation that the ECB might reduce monetary accommodation ‘sometime in the future’ – via its headline this morning, suggesting May Eurozone inflation “beat expectations”; when in fact, at +1.3% year-over-year, it was not only below April’s +1.4%, but the ECB’s +1.5% expectation for 2015; which just two weeks ago was revised down from +1.7%.  This, after having clearly colluded with other Central bankers to put on a brave, but completely misleadingly hawkish front earlier this week; in which he stated, in a statement on a hubristic par with Janet Yellen’s “I don’t believe there will be another financial crisis in our lifetimes,” that “the threat of deflation is gone.” Not that these are major omissions, mind you.  However, when I discuss economic data, I leave no stone un-turned in my quest to not only state facts, but the proper context.  And when it comes to today’s […]
              NEW INFO: A strange "Poker Venture" run out of Trump Tower   
    First: A plea for help. I rarely run fundraisers on this site, but an emergency just hit. After spending my meager savings on frivolities like medicine and a new video card, MY BLOODY AIR CONDITIONER DIED. I live in a very hot attic in a very humid part of the country. When the outside temperature turns hellish, it becomes even hellisher up here -- for me, for my ladyfriend, and for my poor diabetic doggiefriend George.

    Yes, I'm brash enough to mention the effects of global (or at least local) warming on my canine companion. He pants and pants but won't leave my side for the cooler climes of downstairs. The loyalty of a dog is touching, astounding, and a bit unnerving. (Would it tug at your heartstrings if I showed you his picture? Mine is the shamelessness born of desperation.)

    If you "ding" the PayPal button to your left (you may have to scroll down), your generous contribution will go straight to the air conditioner fund. We don't need a big 'un. Our gratitude will be beyond words.

    Before we get to our main investigative piece, we need to look at a couple of other stories...

    Terror in the UK: Our sympathies and thoughts go out to the victims of the attack on the Finsbury Park Mosque, which has finally been officially labeled an act of terrorism.
    Witnesses said he 'deliberately' drove onto the pavement outside north London's Muslim Welfare House - yards from the Finsbury Park Mosque - and jumped out of the cab shouting 'I'm going to kill all Muslims - I did my bit'.
    A similar horror took place in Virginia:
    A 17-year-old Muslim girl identified as Nabra was kidnapped and beaten to death early Sunday morning in Sterling, Virginia. She was reported as missing at roughly 4 a.m. and now police believe they have found her body in a pond.
    So far, Donald Trump's twitter feed has mentioned neither of these outrages.

    Roger Stone. The Roger Stone/Alex Jones team-up has been absolutely boggling. After building a formidable rep as a conspiratorial-mastermind-for-hire, Stone now pretends to be the victim of dark and evil forces. It's a surreal situation: Roger Stone is one of the original Watergaters and the king of the dirty tricksters, yet our modern paranoia addicts consider him an apostle of fair play and decency. What's next? Will the Infowarriors proclaim Pablo Escobar to be the saint of non-violence?

    Stone's name came up an NBC News story published yesterday: "NBC News Exclusive: Memo Shows Watergate Prosecutors Had Evidence Nixon White House Plotted Violence." In 1972, Nixonians planned to use bullyboys from YAF (Young Americans for Freedom, a notorious right-wing group of the time) to mount a violent physical attack against Daniel Ellsberg as he spoke -- along with William Kunstler and other notables -- at an anti-war rally on the Capitol steps. The Watergate Committee investigated the incident and outlined their findings in a memo that has remained unreleased until now.

    Roger Stone was also interviewed. Here's a tidbit that everyone seems to have missed...


    "Carl Rove"? Is that Turdblossom back when he was a young turd? Must be! Stone now seems to despise Rove, calling him a "political profiteer" -- unlike Stone himself, who always does what he does for the purest of motives, just like Jesus or Barry Allen. Also see here.

    Ivanka, Donald and their "Poker Venture." Just after I had announced to the world that I was so over Louise Mensch, she publishes a truly fascinating bit of research which relies on open-source material instead of nameless informants. Okay, okay: The Nameless Ones do pop up in a couple of paragraphs. Readers of her piece should mentally excise those bits and double-check the rest.
    Ivanka has been linked to eleven companies in the Trump financial disclosures. Her status has been put to “Inactive” on several odd holding companies...
    The most immediately interesting company of Ivanka Trump’s is “Poker Venture Managing Member Corp“.  This is owned by Donald and Ivanka Trump. Ivanka’s company with her father itself is an officer of this very dodgy-looking shell, “Poker Venture LLC.” Judging by the corporation wiki, there is panic in Team Ivanka and Team Trump over “Poker Venture“.  It shows zero “Key People”, and has two other almost identical companies as its officers – the live, active PVMMC that Ivanka co-owns with her pops, and this “Inactive” attempt to clean Ivanka out of the picture: by: Poker Venture Managing Member Corp by: Donald J. Trump.

    Those touring “Corporation Wiki” will be surprised to see that “Poker Venture Managing Member Corp by: Donald J Trump” lists itself as an officer of inactive “Poker Venture”, yet when one clicks on the gray icon, one is taken to the same active company.

    All very strange.
    I'll say! Beyond the fact that Trump allegedly divested himself of his business interests, isn't it a little unseemly for the President of the United States to be listed as the owner of a company called Poker Venture Managing Member Corp, which filed in Nevada?

    This company is related to another enterprise called simply Poker Ventures, whose listed address is 725 5th Avenue, New York, NY -- Trump Tower. Mensch seems to have missed that part, although she thinks that this "Poker" business somehow links up to the botnet which she believes is run out of Trump Tower. (I see no evidence for this beyond the inscrutable pronouncements of The Nameless Ones.)

    I'll tell you something else that Louise Mensch seems to have missed: This Poker Venture business appears to link up to some scandalous doings outlined in one of my previous posts (of which I happen to be quite proud). It's hard to summarize that complicated piece, but I'll try.

    A Russian "Godfather" named Alimzhan Tokhtakhounov ran a shady operation out of Trump Tower -- specifically, unit 63A, not far below Trump's own living quarters. It was so shady that the FBI had bugged the joint. (We're talking money laundering.)

    Tokhtakhounov -- known as "Little Taiwan" or "Taiwanchik" because he looks Asian -- is the guy who linked Donald Trump up with the world of beauty contests in Russia. Taiwanchik has his fingers in all sorts of interesting deals -- for example, he was once arrested for rigging an Olympic figure skating competition.

    Tokhtakhounov had partners in his New York enterprise -- Vadim Trincher and Anatoly Golubchik. (Trincher was the 2009 world poker champion.) They were tried and convicted. Guess who put 'em away? Preet Bharara.

    That's right: The U.S. attorney famously fired by Donald Trump secured convictions against two guys running a criminal enterprise right below Trump's feet in Trump Tower.
    Dirty money must needs be laundered, right? One great way to launder money is via the world of art. Banks won't ask too many questions if you tell 'em that someone just paid twenty million for a Picasso.

    Enter Helly Nahmad, who used to run a tony art gallery in Manhattan. His family is worth some $3 billion...
    From a 2013 story in the NYT:
    Mr. Nahmad, a night-life fixture known for his showy extravagance and celebrity crowd — a $21 million Trump Tower apartment and friendships with people like Gisele Bündchen and Leonardo DiCaprio — was charged in April in a racketeering indictment brought by federal prosecutors in Manhattan. He was accused of being part financier, part money launderer and part bookmaker in a network that organized poker games and sports betting operations and drew hundred-thousand-dollar wagers from celebrities and billionaires.
    The feds knew his secrets because they were listening in on Nahmad's cellphone chats.
    But Helly’s interest in gambling led to trouble. The high-stakes poker and sports-betting ring that he is accused of helping to lead — with activity stretching from New York and Los Angeles — ultimately came to the attention of federal authorities who were investigating Russian organized crime figures.

    Mr. Nahmad helped not only to bankroll the operation, according to prosecutors, but was also personally involved in taking sports bets. In all, 34 people were indicted in the case. The lead defendant is Alimzhan Tokhtakhounov, whom authorities identify as a high-ranking Russian gangster known by his nickname, Taiwanchik.
    All of this has to do with the world of high-stakes poker. These people linked up with a coast-to-coast gambling operation which attracted a number of Hollywood celebrities, including Ben Affleck and Tobey Maguire.

    My original post has many more details -- and by "many" I mean MANY. (Check out the Cyprus connection, which takes in Nahmad, Taiwanchik and Trump himself.) But right now, I want you to focus on "the holy game of poker."

    1. Donald and Ivanka run something called "Poker Venture," headquartered in Trump Tower but incorporated in Nevada.

    2. Directly below Trump's living quarters was a crooked enterprise run by Russian crime lord Alimzhan Tokhtakhounov, whose links to Trump himself are beyond dispute. Tokhtakhounov got away; he is now in Russia.

    3. Helly Nahmad, who also had a Trump Tower address, was involved with a nationwide (actually international) high-stakes poker ring.

    4. Nahmad and Tokhtakhounov deny knowing each other, even though Preet Bahrara named them both as co-defendants when he made a case against this money laundering/gambling operation. They also both link up with Trincher and the other defendants.

    It may be as well to quote from the above-cited 2013 US Attorney's Office press release:
    The Taiwanchik-Trincher Organization is a nationwide criminal enterprise with strong ties to Russia and Ukraine. The leadership of the organization ran an international sportsbook that catered primarily to Russian oligarchs living in Russia and Ukraine and throughout the world. The Taiwanchik-Trincher Organization laundered tens of millions of dollars in proceeds from the gambling operation from Russia and the Ukraine through shell companies and bank accounts in Cyprus, and from Cyprus into the U.S. Once the money arrived in the U.S, it was either laundered through additional shell companies or invested in seemingly legitimate investments, such as hedge funds or real estate.
    Speaking of which: Many people have wondered who helped Jared Kushner purchase that ridiculously overpriced skyscraper at 666 Fifth Avenue. (I'm not claiming to have proof of a connection. I'm just sayin'.) For that matter, quite a few people have asked wondered why anyone would invest in Donald Trump's various properties, given the rather odd way he does business.

    Let's get back to that press release:
    The Nahmad-Trincher Organization is a nationwide criminal enterprise with leadership in Los Angeles, California, and New York City. The organization ran a high-stakes illegal gambling business that catered primarily to multi-millionaire and billionaire clients. The organization utilized several online gambling websites that operated illegally in the U.S. Debts owed to the Nahmad-Trincher Organization sometimes reached hundreds of thousands of dollars and even millions.
    NYPD Commissioner Raymond W. Kelly said: “The subjects in this case ran high-stakes illegal poker games and online gambling, proceeds from which are alleged to have been funneled to organized crime overseas. The one thing they didn't bet on was the New York City police and federal investigators’ attention. I commend the NYPD Organized Crime Investigations Division and their partners in the FBI and U.S. Attorney Bharara's office for identifying and bringing the members of this organization to justice.”
    Well, we know what Trump did to Bharara. No good deed goes unpunished.

    The question before us is this: Is the "Poker Ventures" that lists Donald and Ivanka as owners -- and which lists Trump Tower as its address -- part of the very real "poker venture" run by criminals living right below Donald's feet in that very same building?

    I can't prove it. But the nomenclature sure as hell makes the idea seem inescapable.

    Nomenclature isn't all we have to go on. Let's return to Louise Mensch's article (stressing, once again, that this piece -- unlike much of her recent work -- derives from open sources, all properly cited)...
    Equally odd is that the state of New Jersey – (Ivanka Trump has a New Jersey address listed as one of her business records, associated with Poker Ventures) – has added to its newly published list of “Internet Gaming Ancillary Companies” both Poker Ventures LLC, which was already listed, but also “Novacorp Net Ltd”, “VidMob Inc” and “Reblaze Technologies”.
    So: Poker Ventures has to do with online gambling. (The legality of online gaming is a matter of some dispute.) Remember: The crooked Nahmad/Trincher operation also involved online gambling.

    And Poker Ventures LLC does indeed appear on that list compiled by the state of New Jersey. See for yourself.

    Mensch goes on to connect Poker Ventures up with some other notable names on that list, shady concerns which have definite connections to both Russians and Israelis. One of these enterprises,  Reblaze Technologies, seems to have little to do with gambling and much to do with hacking:
    ...it publishes anti-NSA blogs such as these, lauding the ‘hacking tools’ leaked by Shadow Brokers. Reblaze also offers lists of “protect your website” services you can buy from Russian hackers [sic], listing, ostensibly to protect against them, the full range of tools employed on Russia’s hack of America; its founder repeated the anti-NSA blog in an article that reads as a threat to hack America on Medium in December 2016.
    Fascinating stuff. That "protect your website" scam reminds me of the hoary "watch your car" racket illustrated in those old Dead End Kid movies. You should hit those links; they take you into very odd places.

    Unfortunately, we don't yet have any proof (beyond the word of Mensch's Nameless Ones) that this Reblaze business is tied up with Trump's Poker Ventures. Pity that: The possibilities are very intriguing.

    For that matter, I must reiterate that I cannot prove that Donald and Ivanka's weird foray into the worlds of poker and online gaming is part-and-parcel of the poker and online gaming operation run by Helly Mahmad and his Russian gangster associates. But come on: It's hard not to conclude that we're dealing with two ingredients from the same stew-pot. These poker-related ventures form a Venn diagram in which the two circles seem nearly congruent. You can't fairly accuse me of leaping to wild conclusions: This ain't the kind of hazy guff you get from Alex Jones.

    Louise Mensch, if you're reading these words: Thanks for returning to the world of real investigative writing. In the future, I hope you stop relying on the private sources who have provided you with so many dubious scoops. You'll have much more impact if you continue to provide stories that can be verified.

    I strongly urge you to look into the possible links between "Poker Ventures" and the real-world poker venture in Trump Tower.

    And please: Next time you feel tempted to accuse a perceived adversary of being a Russian spy, bite your tongue until it bleeds. A little more caution in your rhetoric will help you in the long run.

    Finally: If these words have proven intriguing or enlightening to you, please consider dinging that PayPal account. It's already infernally muggy in here -- several degrees hotter than the temps outside. I feel like I'm melting.
              Con man or brilliant? Clashing portraits of Martin Shkreli offered as trial begins   
    At start of securities fraud trial, US prosecutor accuses ex-pharmaceutical CEO of building a bogus hedge fund empire by telling lies on top of lies on top of lies Martin Shkreli is either a con man who scammed hedge fund investors out of millions or a nerdy genius who made them even richer. The conflicting […]
              Inventory Control Manager   
    <span>Position Title: &nbsp;Inventory Control Manager<br>&nbsp;<br>&nbsp;<br>PRIMARY PURPOSE OF POSITION<br>The successful candidate will be responsible for the management of accounting for inventory purchases and reconciliation from perpetual records to control accounts; support of the logistics department in regard to information necessary to purchase and manager the inventory; management of accounting for trade positions relating to all hedge activity.<br>&nbsp;<br>ROLES &amp; RESPONSIBILITIES<br>&bull; Responsible for the direct supervision and management of the Division Inventory Control processes and staff <br>&bull; Responsible for development and maintaining of reporting needed to monitor inventory control /supply functions of the business<br>&bull; Will have extensive daily interaction with multiple areas of the business including, but not limited to Trading, Operations and Finance teams (including but not limited to the Head of Accounting\Credit groups)<br>&bull; Ability to bring creative solutions and improvements to mature processes<br>&bull; Main contact for the internal control function in all internal and external auditing needs <br>&bull; Support reporting and analysis needed at the executive management team level<br>&bull; Responsible for development and documentation of new policies, procedures and internal controls within the Inventory Control processes<br>&nbsp;<br>&nbsp;<br>&nbsp;<br>POSITION REQUIREMENTS<br>&bull; Bachelors degree in a business, accounting and/or mathematical discipline, MBA and/or CPA preferred but not required<br>&bull; 5+ years minimum work experience within an inventory control position.<br>&bull; 2+ years of management experience, both in staff oversight and proven project management skills, which have demonstrated effective communication and interpersonal skills, including strong written and oral communication abilities<br>&bull; Deep understanding of trading and derivative concepts &ndash; understanding of FAS133/derivative accounting a plus<br>&bull; Demonstrated strong analytical and problem solving skill sets &ndash; must be attentive to detail and can hold staff accountable to taking responsibility and ownership of data integrity and application of self-checking techniques<br>&bull; Ability to prioritize and manage multiple assignments with competing deadlines within a fast-paced environment, independently with limited direct supervision<br>&bull; Experience in an organization that manages a high volume of accounts/transactions<br>&bull; In depth experience with spreadsheet and database management - &nbsp;VBA or other programming skills a plus<br>&nbsp;<br></span>
              Tax Accountant - Well Established Company   
    This Tax Accountant Position Features:
    ? Well Established Company
    ? Competitive Salary
    ? Professional Environment
    ? Great Pay to $75/HR

    We are currently looking for Tax Seniors for our Investment Management Tax practice. Tax Seniors have in-depth, first-hand industry knowledge. They draw on experience in accounting and taxation to provide tax compliance and consulting services to Investment Management clients. Tax Seniors identify complex tax issues and provide tax analysis for a variety of entities and their affiliates.

    The right person should have a solid understanding of Subchapter K, financial products, wash sale and constructive sale rules, aggregate allocations, and subscription and partnership agreements. Basic understanding of trader vs. investor rules, OID, SWAPS and/or derivatives, market discount rules, incentive allocations and common hedge fund structures (i.e., master feeders) is also required.

    Responsibilities:
    Tax Seniors in our Hedge Fund Tax practice perform detail-level review of partnership work papers, allocations and tax returns, as well as prepare materials and research for consulting projects related to tax planning opportunities. Tax Seniors coordinate and communicate with the client contacts to gather information to complete the tax returns. They also train, mentor and supervise new and experienced-level staff and attend required COMPANY and sector-specific training.

    Apply for this position today! We are an equal employment opportunity employer and will consider all qualified candidates without regard to disability or protected veteran status.
              BARRADALE MARY...   
    BARRADALE MARY Sadly passed away on September 22nd. Widow of Clifford and loved by all her Family and Friends. ---------- Requiem mass at St Andrews Church Hamble, Friday October 1st at 2.00 p.m. Family flowers only, donations to British Red Cross (for Pakistan Flood Relief) c/o F C Hughes, 46 St Johns Road, Hedge End, Southampton, SO30 4AG. Please also accept this as a personal thanks for donations and expressions of sympathy and support. Special thanks to staff of Blackthorn Surgery, S.G.H, Home Carers and The Grange Nursing Home Requiscant in pace.
              KNIGHT ALFRED...   
    KNIGHT ALFRED GEORGE Formerly of V.G Stores, Hedge End. Passed away peacefully on 19th September 2010, aged 100 years. Will be sadly missed by all his Family and Friends. --------- The Funeral Service will be held at Wessex Vale Crematorium, on Friday October 1st at 2.30 p.m. Family flowers only but donations will be welcome for the Alzheimer's Society, c/o AH Freemantle, 16 Middle Road, Park Gate, Southampton, SO31 7GH.
              Product Review: The Lovehoney Fresh Biodegradable Sex Toy Body Wipes   
    I’m a hedgehog owner and this means quite a few things. The most prominent of these things is that I have two adorable little balls of quills in my life that are full of character and cheek. Buuuut it also means my house is basically full of wet wipes. Why? Because hedgehogs poo. A lot....
              Paul Craig Roberts Asks "Why Has Washington Been At War For 16 Years?"   

    Authored by Paul Craig Roberts,

    For sixteen years the US has been at war in the Middle East and North Africa, running up trillions of dollars in expenses, committing untold war crimes, and sending millions of war refugees to burden Europe, while simultaneously claiming that Washington cannot afford its Social Security and Medicare obligations or to fund a national health service like every civilized country has.

    Considering the enormous social needs that cannot be met because of the massive cost of these orchestrated wars, one would think that the American people would be asking questions about the purpose of these wars. What is being achieved at such enormous costs? Domestic needs are neglected so that the military/security complex can grow fat on war profits.

    The lack of curiousity on the part of the American people, the media, and Congress about the purpose of these wars, which have been proven to be based entirely on lies, is extraordinary. What explains this conspiracy of silence, this amazing disinterest in the squandering of money and lives?

    Most Americans seem to vaguely accept these orchestrated wars as the government’s response to 9/11. This adds to the mystery as it is a fact that Iraq, Libya, Syria, Yemen, Afghanistan, and Iran (Iran not yet attacked except with threats and sanctions) had nothing to do with 9/11. But these countries have Muslim populations, and the Bush regime and presstitute media succeeded in associating 9/11 with Muslims in general.

    Perhaps if Americans and their “representatives” in Congress understood what the wars are about, they would rouse themselves to make objections. So, I will tell you what Washington’s war on Syria and Washington’s intended war on Iran are about. Ready?

    There are three reasons for Washington’s war, not America’s war as Washington is not America, on Syria.

    The first reason has to do with the profits of the military/security complex. The military/security complex is a combination of powerful private and governmental interests that need a threat to justify an annual budget that exceeds the GDP of many countries. War gives this combination of private and governmental interests a justification for its massive budget, a budget whose burden falls on American taxpayers whose real median family income has not risen for a couple of decades while their debt burden to support their living standard has risen.

     

    The second reason has to do with the Neoconservative ideology of American world hegemony. According to the Neoconservatives, who most certainly are not conservative of any description, the collapse of communism and socialism means that History has chosen “Democratic Capitalism,” which is neither democratic nor capitalist, as the World’s Socio-Economic-Political system and it is Washington’s responsibility to impose Americanism on the entire world. Countries such as Russia, China, Syria, and Iran, who reject American hegemony must be destabilized and desroyed as they stand in the way of American unilateralism.

     

    The Third reason has to do with Israel’s need for the water resources of Southern Lebanon. Twice Israel has sent the vaunted Israeli Army to occupy Southern Lebanon, and twice the vaunted Israeli Army was driven out by Hezbollah, a militia supported by Syria and Iran. To be frank, Israel is using America to eliminate the Syrian and Iranian governments that provide military and economic support to Hezbollah. If Hezbollah’s suppliers can be eliminated by the Americans, Israel’s army can steal Southern Lebanon, just as it has stolen Palestine and parts of Syria.

    Here are the facts: For 16 years the insouciant American population has permitted a corrupt government in Washington to squander trillions of dollars needed domestically but instead allocated to the profits of the military/security complex, to the service of the Neoconservative ideology of US world hegemony, and to the service of Israel.

    Clearly, Amerian democracy is a fraud. It serves everyone but Americans.

    What is the likely consequence of the US government serving non-American interests?

    The best positive outcome is poverty for the 99 percent. The worst outcome is nuclear armageddon.

    Washington’s service to the military/security complex, to the Neoconservative ideology, and to Israel completely neglects over-powering facts.

    Israel’s interest to overthrow Syria and Iran is totally inconsistant with Russia’s interest to prevent the import of jihadism into the Russian Federation and Central Asia. Therefore, Israel has put the US into direct military conflict with Russia.

    The US military/security complex’s financial interests to surround Russia with missile sites is inconsistent with Russian sovereignty as is the Neoconservatives’ emphasis on US world hegemony.

    President Trump does not control Washington. Washington is controlled by the military/security complex (watch on youtube President Eisenhower’s description of the military/security complex as a threat to American democracy), by the Israel Lobby, and by the Neoconservatives. These three organized interest groups have pre-empted the Amercan people, who are powerless and are uninvolved in the decisions about their future.

    Every US Representative and US Senator who stood up to Israel was defeated by Israel in their re-election campaign. This is the reason that when Israel wants something it passes both houses of Congress unanimously. As Admiral Tom Moorer, Chief of Naval Operations and Chariman of the Joint Chiefs of Staff, said publicly, “No American President can stand up to Israel.” Israel gets what it wants no matter what the consequences are for America.

    Adm. Moorer was right. The US gives Israel every year enough money to purchase our government. And Israel does purchase our government. The US government is far more accountable to Israel than to the American people. The votes of the House and Senate prove this.

    Unable to stand up to tiny Israel, Washington thinks it can buffalo Russia and China. For Washington to continue to provoke Russia and China is a sign of insantity. In the place of intelligence we see hubris and arrogance, the hallmarks of fools.

    What Planet Earth, and the creatures thereon, need more than anything is leaders in the West who are intelligent, who have a moral conscience, who respect truth, and who are are capable of understanding the limits to their power.

    But the Western World has no such people.


              Sonic original artist draws new art to celebrate Sonic Mania   


    There's so much art for Sonic Mania that I want framed and hung up in my house. Add this one to the list!


              Vineyard Foreman - Monte Creek Ranch Winery-Vineyard - Monte Creek, BC   
    The ideal candidate will have experience with operation of tractors with implements (mower, sprayer, grape hoe, hedger etc.), wind machines and overhead... $19 an hour
    From Indeed - Thu, 15 Jun 2017 19:51:10 GMT - View all Monte Creek, BC jobs
              [2:42PM] $SPX $ES_F has bounced off the lows in nearly a 382 W4   
    We’re pretty close to getting a .382 W4 bounce in SPX so the downward 3 might be over..however there’s still the possibility of a 5th wave down into the close so I’m keeping the hedged position for now..
              He didn't know where they'd put the hedge clippers;   
    Posted by ResisterGo:

              Taiwan arms sale, North Korea sanctions outrage Beijing in test of US-China ties under Trump - Washington Post   

    Washington Post

    Taiwan arms sale, North Korea sanctions outrage Beijing in test of US-China ties under Trump
    Washington Post
    BEIJING — Call it President Trump's hamburger diplomacy. On Friday, U.S. Ambassador Terry Branstad, Agriculture Secretary Sonny Perdue and a clutch of American cattlemen in 10-gallon hats gathered at a chic hotel in Beijing to sip champagne and ...
    China Sanguine as Trump-Xi 'Bromance' Sours Over North Korea, TaiwanU.S. News & World Report
    China demands US nix $1.4B arms deal with TaiwanCBS News
    China Is Still Protecting North Korea From Donald TrumpNewsweek
    Business Insider -CNBC -The Daily Caller -AOL
    all 199 news articles »

              We have a strip of soil between a privet hedge and the lawn   
    We have a strip of soil between a privet hedge and the lawn. We keep trying to grow plants there but they never do well. Does anyone know why or what would grow there please?
              English Quiz for Upcoming Bank Exams 2017 - Set 10   

    Hello and welcome to exampundit. Here is a set of English Quiz for Upcoming Bank Exams 2017.

    Directions (Q.1-5):In the following sentences, there are two blanks. For each pair of blanks five pairs of words have been suggested, one of which fits the blank appropriately. Find out the appropriate word in each case.


    1. Hillary is infamously _____ to as the ‘sanctions lady’ in Tehran and is feared for having galvanised world opinion and leaders in _____ crushing sanctions in 2010.
    1) known, the 2) learned, a 3) famous, a 4) referred, the 5) asked, of


    2. Notwithstanding the commonly accepted correctness _____ equal opportunity and meritocracy, diversity does not _____ easy.
    1) of, come 2) at, enter 3) if, came 4) as, income 5) for, go


    3. Pokemon Go, as it _____ today, _____ on just 100 of the creatures that made their debut in Pokemon Red and Pokemon Blue.
    1) exists, focuses 2) goes, moves 3) makes, counts 4) appears, comes 5) looks, takes


    4. The big picture has clearly _____ a reversal in trend to bullish before it was languishing in the $1,200 per ounce range _____.
    1) made, ever 2) said, earlier 3) signaled, earlier 4) shown, over 5) None of these


    5. People are hardwired to herd _____ those who look, speak and behave like themselves or _____ to the same gender, region, religion, class or caste.
    1) in, belong 2) with, belong 3) near, never 4) as per, quite 5) indicated, ago





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    Directions (Q. 6-10):Rearrange the six sentences denoted by A, B, C, D, and E in the proper sequence to make a meaningful paragraph and then answer the questions given below them.

    (A) RBI Governors as a rule seldom speak their mind, although they may give a number of weighty speeches and long interviews.
    (B) The demands of their job and the compelling need to keep markets and media guessing about their next move do not permit a relaxing of guard and often lead to an opaque and elliptical way of speaking.
    (C) Constructive ambiguity, they call it.
    (D) It is therefore refreshing to come across a book by former RBI Governor DuvvuriSubbarao that breaks the stereotype.
    (E) So, more often than not, you would get politically correct and inane lines accompanied by an elaborate list of hedges, leaving you to interpret whatever you want from their statements.

    6. Which of the following should be the LAST (FIFTH) sentence after the rearrangement?
    1) A 2) B 3) D 4) E 5) C


    7. Which of the following should be the THIRD sentence after the rearrangement?
    1) D 2) E 3) B 4) A 5) C

    8. Which of the following should be the FOURTH sentence after the rearrangement?
    1) B 2) C 3) E 4) D 5) A


    9. Which of the following should be the FIRST sentence after the rearrangement?
    1) E 2) A 3) D 4) B 5) C


    10. Which of the following should be the SECOND sentence after the rearrangement?

    1) B 2) D 3) A 4) E 5) C



    Rules:

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              Sonic the Hedgehog original character designer draws artwork for Sonic Mania   

    Naoto Ohshima, who created the original character designs for Sonic the Hedgehog and Dr. Eggman, has drawn a new piece of artwork for Sonic Mania. Sonic Mania is due out digitally for PlayStation 4, Xbox One, Switch, and PC on August 15.

    The post Sonic the Hedgehog original character designer draws artwork for Sonic Mania appeared first on Gematsu.


              Renaissance draws billions in new cash as love for quants blooms   
    BOSTON (Reuters) - As hedge fund investors have been choosing computers over star stock-pickers, putting ever more money into "quant" funds, one firm has become the undisputed leader in attracting...

              Chatty billionaire Ackman grabs bigger megaphone with Twitter account   
    BOSTON (Reuters) - Billionaire investor William Ackman, one of the hedge fund industry's most voluble managers with opinions ranging from how companies should be run to the dangers of sugary drinks,...

              Leaning Into The Wind - Amber Wilkinson - 13883   

    Andy Goldsworthy is captured not only leaning into the wind but also clambering through hedgerows, climbing trees and lying in the rain in this thoughtful consideration of the work of the artist. Thomas Riedelsheimer returns to the work of Goldsworthy after 2001 film Rivers And Tides, travelling with him to far-flung places, including Berlin, San Francisco and his regular Dumfries stomping ground, to capture the artist at work.

    Breaking the more meditative sections watching the artist at work or viewing the landscape he is in, Goldsworthy speaks to the camera. The idea of the artist as a seeker of truth is strong in the film, as he mentions trying to "make sense of the world" more than once. It's a patient and diligent pursuit, that often requires him to be shaped by nature as much as he works with it, such as when an attempt to lay bright yellow leaves...


              Re: Opinion on Vanguard Personal Advisor Service   
    alwayshedge wrote:I just signed up for the PAS. I spoke with my adviser earlier this week and we connected and had a productive call. He is working on my allocations as we speak and we have another appointment next week to discuss and finalize.

    Just curious. Do you have a month's fees deducted before the plan is made? Or do fees start being taken out after you're on board with the advisor's recommendations? How complicated is it to cancel PAS?
              Re: Is this the best, most tax-efficient allocation strategy?   
    TravelforFun wrote:
    a cute dog wrote:
    TravelforFun wrote:Your Roth should contain 100% stock since all gains are tax-free and over time, stocks gain the most. Bonds should be in your 401K up to 10% of your asset since all gains are taxed at your marginal rate and your asset allocation is 90/10 Taxable should be invested so that your overall asset allocation is obtained.


    Hmm, international stocks have more potential for gain than domestic, right? So I would want to fill the Roth with international stocks?

    Not necessarily. Domestic stocks have outperformed international at least the last 10 years.


    If you believe in reversion to the mean, one could assume that International has the capacity to outperform Domestic near-term, however in the long run, my chips are still on the U.S. Still, to hedge your bets, it's best not to place all of your eggs in one basket. :) For more insight OP, start here ----> https://investor.vanguard.com/investing ... -investing
              Investor tells jurors she felt betrayed by hedge fund operator Martin Shkreli   
    She testifies that the money manager accused of fraud told her she had made a big profit, then closed a hedge fund and delayed repaying her $300,000.
              Taiwan arms sale, North Korea sanctions outrage Beijing in test of US-China ties under Trump - Washington Post   

    Washington Post

    Taiwan arms sale, North Korea sanctions outrage Beijing in test of US-China ties under Trump
    Washington Post
    BEIJING — Call it President Trump's hamburger diplomacy. On Friday, U.S. Ambassador Terry Branstad, Agriculture Secretary Sonny Perdue and a clutch of American cattlemen in 10-gallon hats gathered at a chic hotel in Beijing to sip champagne and ...
    China Sanguine as Trump-Xi 'Bromance' Sours Over North Korea, TaiwanU.S. News & World Report
    China demands US nix $1.4B arms deal with TaiwanCBS News
    China Is Still Protecting North Korea From Donald TrumpNewsweek
    CNBC -The Daily Caller -AOL -Voice of America
    all 201 news articles »

              Comment on Is Trump unwell? by Ross12   
    Lets remind ourselves and David what Brzezinski thinks the role of the media is : http://www.zerohedge.com/news/2017-02-22/msnbc-anchor-admits-our-job-control-exactly-what-people-think Brzezinski And Scarborough have been lambasting President Trump all year as much as CNN ( and that is something hard to rival) with mainly stupid, inconsequential rubbish. If it was reasoned criticism of policy I wouldn't argue but it never is. So for a "counter puncher" like Trump to hit back the only surprise is it has taken so long to occur.
              BotHeads [Free] by A Small Game flies into the App Store on July 6th   
    A Small Game AB today announces the up-and-coming release of BotHeads, an atmospheric and physics heavy arcade adventure game for iOS devices. Guide your little flying robots through a handcrafted world filled with things to fly past or bounce off. Transformed into a flying robot, Sonic The Hedgehog is trapped in badlands filled with weird monsters and cats with laser eyes. Avoid the dangers on the way and get the robots all the way to the end. Available on the App Store this July 6th 2017.
              Tech Turmoil: Black Swan Vol. Event Burns ETFs, Hedge Funds Dump Nasdaq Longs   
    The Nasdaq 100 plunged in June. And that’s a real shame, because tech was the glue holding everything together in the face of increasingly lackluster data and jitters about the Fed hiking into a deflationary backdrop.
              Cinema listings Friday August 4 to Thursday August 10   
    CINEWORLD, MILTON KEYNES: Miami Vice, 15, noon, 3, 6, 9, 11*, midnight, delux screen 11am, 2, 5, 8pm. The Ant Bully, U, 11am, 1.10, 3.30, 5.50, 8.10, 10.30pm*. My Super Ex-Girlfriend, 12A, 11.05am, 1.25, 3.50, 6.20, 8.50, 11.20pm*. Cars, PG, 10.30am, 11.15, noon, 12.45, 1.15, 2, 2.45, 3.30, 4, 4.45, 5.30, 6.15, 6.50, 8.15, 11.10pm*. Stay Alive, 15, 9.10pm. Garfield 2, U, 11.25am, 1.30, 3.40, 5.45pm. Stormbreaker, PG, 11.30am (not Thurs), 12.30, 1.50 (not Thurs), 3, 5.30, 7.55pm. The Break-Up, 12A, 11.50am, 2.30, 4.10 (not Thurs), 5.10, 6.45 (not Thurs), 7.45, 9.30 (not Thurs), 10.40pm*. Superman Returns, 12A, 11.40am, 2.55, 6.10, 7.40, 9.30, 11.10pm*. Pirates of the Caribbean: Dead Man's Chest, 12A, 10.50am, 1, 2.15, 4.20, 5.35, 7.45, 8.55, 9.40, 11.15pm*. Over The Hedge, U, 10.40am, 12.45 (not Mon), 2.50pm.
              Cinema listings Friday July 7 to Thursday July 13   
    CINEWORLD, MILTON KEYNES: Pirates of the Caribbean: Dead Man's Chest, 12A, 11am, 11.30, noon, 12.50, 1.20, 2.20, 2.50, 3.20, 4.10, 4.40, 5.40, 6.10, 6.40, 7.30, 8, 9, 9.30, 10*, 10.50*, 11.30pm*. District 13, 15, noon, 2.15, 4.30, 6.45, 9.10, 11.25pm*. Over The Hedge, U, 11am, 11.25, 11.40, 12.10, 12.30, 1.15, 1.40, 2, 2.20, 2.40, 3.30, 3.55, 4.20, 4.45, 5, 5.45, 6.10, 6.35, 7, 7.15, 8, 10.25pm*. Just My Luck, PG, 11.05am, 1.30, 4.00, 6.30, 9pm. Reeker, 15, 9.30pm, 11.50pm*. The Fast and the Furious: Tokyo Drift, 12A, 1.50pm, 4.30, 7, 9.30pm. The Lake House, PG, 1.55 (not Mon), 4.20, 6.50, 9.20pm. The Da Vinci Code, 12A, 8.30pm. X-Men: The Last Stand, 12A, 9.15pm. Hard Candy, 18, 8.50pm.
              Pearls of expression.   
    The conservative have been politely voicing their concern over the leftists decades-long destruction of the society.

    Trump was elected because politeness has failed.

    Comment by Harry Vederchi on ""Please Just Stop": Republicans Slam Trump's Attack On Mika." By Tyler Durden, Zero Hedge, 6/29/17.
              The Leveraged ETF Inefficiency in Trending & Range-Bound Markets: An Application Case Study for a 3x Leveraged Gold Miners ETF   
    The main goal of this paper is to introduce the leveraged ETF die-down price action technical market anomaly (leveraged ETF anomaly), and then to discuss the temporal dimension and the subsequent (time-series) functionalities of this anomaly (temporal leveraged ETF anomaly). Our approach not only challenging the efficient-market hypothesis with regards to constantly declining leveraged ETF price action course, but also has a temporal dimension because it uses the Jesse Livermore’s “psychological time” as parameter in both functions: (i) “emotional control” for opening position at the beginning of an intraday or short-term move and thereafter for holding this position; and (ii) in “money risk management - exit policy” for closing position. Traditional fundamental analysis theories and technical analysis rules and approaches are not able to interpret the die-down (i.e. a constantly declining in a mid- and long-term basis) leveraged ETF price action course. Instead, a rational dynamic and temporal representative agent could explain and document better this anomaly and this is the case of this article (i.e. trading exploitation functionality). The presented research shows that the proposed temporal leveraged ETF anomaly accumulates profit entirely overnight in sideways and in choppy markets, while in a trending market the profit occurs intraday. These findings for the leveraged ETF instruments reject classical theories of trending and sideways markets returns. Hence, (i) in a sideways or in a choppy market, a well designed overnight-position return strategy based on temporal leveraged ETF anomaly; and (ii) in a trending market, a well designed daytime-position return strategy based on temporal leveraged ETF anomaly as well, could gain benefit at the expense of hedgers and long-term investors respectively. After back-testing our research in available 5-year data for the JNUG 3x leveraged ETF (gold miners juniors), we found that overnight-position speculators, in sideways or choppy markets, profit from the proposed temporal leveraged ETF trading strategy approach at the expense of hedgers; and daytime swing traders, in trending markets, profit from the proposed temporal leveraged ETF trading strategy approach at the expense of long-term investors.
              Vineyard Foreman - Monte Creek Ranch Winery-Vineyard - Monte Creek, BC   
    The ideal candidate will have experience with operation of tractors with implements (mower, sprayer, grape hoe, hedger etc.), wind machines and overhead... $19 an hour
    From Indeed - Thu, 15 Jun 2017 19:51:10 GMT - View all Monte Creek, BC jobs
              Vineyard Foreman - Monte Creek Ranch Winery-Vineyard - Monte Creek, BC   
    The ideal candidate will have experience with operation of tractors with implements (mower, sprayer, grape hoe, hedger etc.), wind machines and overhead... $19 an hour
    From Indeed - Thu, 15 Jun 2017 19:51:10 GMT - View all Monte Creek, BC jobs
              Martin Shkreli investor testifies: 'I trusted Martin'   
    A woman who invested hundreds of thousands of dollars in a hedge fund operated by Martin Shkreli testified at his fraud trial that it took over a year to get her money returned.
              6/28/2017: OUT & ABOUT: Hedgehogs pose prickly dilemma   

    An Auckland woman has set up a hedgehog hospital in her home, but experts say the wild animals are pests and should be euthanised. Monique Jones from Royal Oak has nine recovering hedgehogs in her kitchen, from newborns to adults. Four years ago Jones...
              Tech Turmoil: Black Swan Vol. Event Burns ETFs, Hedge Funds Dump Nasdaq Longs   
    The Nasdaq 100 plunged in June. And that’s a real shame, because tech was the glue holding everything together in the face of increasingly lackluster data and jitters about the Fed hiking into a deflationary backdrop.
              The Hedgehog Game   
    Avoid the red lava
              Are Big Banks Good for the Economy?   

    This video is not currently available. | Listen to the Audio

    GWEN IFILL: Now: dealing with the problem of too-big-to-fail banks. President Obama has proposed that large commercial banks should be banned from engaging in certain kinds of speculative trading that could benefit the banks themselves.

    Former Federal Reserve Chairman Paul Volcker is credited with pushing that plan. And, today, he told the Senate Banking Committee why the government should only rescue commercial banks that steer clear of risky trading.

    Here’s a bit of the case he made.

    PAUL VOLCKER, chairman, President’s Economic Advisory Board: Commercial banking is a risky business.

    Now, the question is whether you want to, in effect, provide a subsidy or provide protection when they’re lending to small business, when they’re lending to medium-sized business, when they’re lending to homeowners, when they’re transferring money around the country. Those are important continuing functions of a commercial bank, in my view.

    And I do think it’s deserving of some public support. I do not think speculative activity falls in that range. They’re not lending to your constituents. They’re out making money for themselves and making money with big bonuses. And why do we want to protect that activity?

    JIM LEHRER: Now we get another perspective on the big banks, as seen by one of the leading CEOs from that industry.

    “NewsHour” economics correspondent Paul Solman has the latest in his series of stories and conversations on the future of Wall Street. It’s part of his ongoing reporting on Making Sense of financial news.

    PAUL SOLMAN: The Bank of New York, founded in 1784, making it the country’s oldest, its Constitution written by Alexander Hamilton, its shares in 1792 the first to be traded on the New York Stock Exchange.

    Several centuries later, its merger with Pittsburgh’s Mellon Bank in 2007 made it the world’s largest firm managing assets for clients and returned it to prominence as one of America’s 15 biggest banks, qualifying it just a year later for $3 billion in Troubled Asset Relief Program, TARP, funds. It has since paid back the Treasury, with interest.

    Nova Scotia-born Robert Kelly, now 55, is the bank’s CEO, after a career spent mostly at Toronto Dominion Bank. He reportedly turned down the CEO job of Bank of America last month.

    Robert Kelly, welcome.

    ROBERT KELLY, chief executive officer, BNY Mellon: Thank you very much, Paul. And welcome to our bank.

    PAUL SOLMAN: So, first, the president’s proposal to tax the banks to get the money back from TARP.

    ROBERT KELLY: Yes, one of my worries would be that, would a — for the less healthy banks who are still trying to rebuild capital and profitability, will they reduce lending because of this, because of this tax?

    Will they reduce the number of people they employ to help their bottom line? Will they try to pass the costs on to customers? It doesn’t feel constructive to me in many ways.

    PAUL SOLMAN: What about the proposal to separate trading for your own account, like a hedge fund, from the deposit-taking function of a bank, that you can’t do both?

    ROBERT KELLY: I don’t think propriety trading was the essential big problem we had with the economy. Our root causes were, the banks didn’t have enough liquidity. And I actually think having a limited number of really big financial institutions in this country is a good thing.

    Firstly, many businesses in the nation need really sophisticated, complicated products for them to be more successful.

    PAUL SOLMAN: Give me an example.

    ROBERT KELLY: Many of them, say, want to raise money in China to be able to be more successful over the long term. Wouldn’t you rather that business go to American banks than to foreign banks?

    Many of big, big international corporations based here in the United States want to move money around the world very easily and simply. And you can’t do that with small banks. You need big, successful, sophisticated, profitable banks with lots of capital.

    PAUL SOLMAN: Economies of scale, are there really economies of scale?

    ROBERT KELLY: There are huge economies of scale in retail banking, because you can take, whether it’s a branch network of 10 branches or 1,000 branches, it basically takes the same sort of computer systems and accounting and human resources infrastructure to run a big system as a little system. And it doesn’t add risk to the system. It actually reduces risk, because you’re diversified across a lot more geography.

    PAUL SOLMAN: The scholar Simon Johnson, formerly with the IMF, MIT now, Peterson Institute: “No study can find economies of scale above $100 billion. On this, the experts agree,” he writes.

    Why not cap the size of any bank at say 1 percent of GDP?

    ROBERT KELLY: Well, these are economists vs. people who actually run businesses.

    PAUL SOLMAN: But you come from a biased point of view. I mean Bank of New York and Mellon merged just a few years ago. You’re obliged to say that.

    ROBERT KELLY: Well, to some degree, that’s true. But, however, I will also tell you another reality. And that is, if Bank of New York and Mellon were separate during this downturn, we would have been in a lot worse shape than we were ultimately.

    PAUL SOLMAN: We, the country, or we, the banks?

    ROBERT KELLY: The bank and the country.

    PAUL SOLMAN: You did lose a billion-and-a-quarter dollars in 2008 on your trading, your proprietary trading, right?

    ROBERT KELLY: Not proprietary trading. Our business is a very simple model. It’s asset management and securities processing. Securities processing is the majority of our company. And it tends to have a lot of cash that’s very sticky with it. And, so, we tend to generate…

    PAUL SOLMAN: Sticky meaning?

    ROBERT KELLY: Sticky meaning a lot of clients give us deposits, and it tends to stay with our company for quite a while.

    We have to do something with those deposits. And you could buy treasuries that are essentially riskless, or you could buy very high-quality securities, for example. The equities are fairly risky, so we don’t buy stocks. But we do buy bonds.

    And we AAA-rated bonds, which turned — which turned which turned out to be not AAA. If we want to be kind about it, perhaps they were CCC.

    PAUL SOLMAN: But doesn’t it make sense, as public policy, to protect an institution like yours — and you call yourself a critical infrastructure company to the world economy — from buying mortgage-backed securities?

    ROBERT KELLY: Well, I really want to protect our company, too. And so does our board of directors. And our shareholders want us to do that. Our regulators also want us to do that.

    PAUL SOLMAN: What’s the rationale for a bank being so big that it would have to be bailed out by the U.S. government?

    ROBERT KELLY: No bank should be too big to fail. That is my view and that is our industry’s view. Capitalism works. Darwinism works.

    PAUL SOLMAN: But banks were bailed out. Banks were deemed too big to fail, and they were in fact bailed out.

    ROBERT KELLY: But they shouldn’t be in the future.

    So, let’s talk about that. The worst ones are now gone. If you think about the mortgage providers, like Countrywide and WaMu, and the investment banks that just weren’t up to the reality of a really tough recession, whether it be Bear Stearns or Merrill Lynch or Lehman Brothers, the worst-run institutions are gone.

    PAUL SOLMAN: But people would dispute that. Many banks — I don’t need to name them for you — were on the brink or perceived to be on the brink. Government stepped in and saved them.

    ROBERT KELLY: Right.

    So, going forward, in my view and in our view, no company should be too big to fail. So, what that means is, you should allow them to fail. And the question is, how do you do it without it impacting the rest of the banks in this country, as well as create a global financial crisis?

    PAUL SOLMAN: Well, that’s where we were the last time around.

    ROBERT KELLY: Exactly.

    So, what has to be done now is, what we need is, we need a windup authority, so we don’t have something like Lehman.

    PAUL SOLMAN: But, right now, isn’t your bank, Bank of New York Mellon, too big to fail?

    ROBERT KELLY: No.

    PAUL SOLMAN: Would the government really allow a company which is, in your own words, critical to the infrastructure of the country to fail?

    ROBERT KELLY: If that ever occurred, which would be extremely unlikely, in the stockholders’ view, as well as the debt-holders’ view, because we’re strong — viewed as the strongest bank in the nation, what they could do is, they could come in, take us over, and just continue to run us or wind us down.

    And my expectation is they could do it at zero cost to the nation.

    PAUL SOLMAN: Are you saying no banks out there are too big to fail?

    ROBERT KELLY: I would say no, if you get the right systems in place, more capital, more liquidity, better regulation, windup authority.

    PAUL SOLMAN: Yes, but, right now, we don’t have those things. Right now, there are no banks in America that are too big to fail?

    ROBERT KELLY: There are several banks that are problematic still in the nation. And that is solvable.

    PAUL SOLMAN: You understand that people are furious at the banks?

    ROBERT KELLY: Mm-hmm, yes.

    PAUL SOLMAN: Do you understand why?

    ROBERT KELLY: I think so. I’m a pretty good listener. And I have had lots of opportunity over the last couple of years.

    A lot of people get it, that it wasn’t just about banks and it was also about government and individuals and other things like that. But we’re taking our brunt of it. And we should. And you know what? I don’t think that anger is going to dissipate, go down until the unemployment rate starts going down in this country.

    But I must say, banks create a lot of value. You think about how much simpler and easier it is for you to do banking versus 10 or 20 years ago, in that you can get access to your money through debit cards, through credit cards, through the Internet, through any means that you could think of.

    And you can do it anywhere in the world. And you can travel around the world and do your banking anywhere today. You could not have done that 10 years ago. Is that a more efficient, better system for the nation? Yes, it is.

    PAUL SOLMAN: What is the most important lesson you learned from the crisis?

    ROBERT KELLY: Is really understand the risks you’re taking.

    PAUL SOLMAN: Robert Kelly, thank you very much.

    ROBERT KELLY: It’s my pleasure. Thank you very much.

    The post Are Big Banks Good for the Economy? appeared first on PBS NewsHour.


              Are Bank Restrictions Enough to Prevent Another Recession?   

    This video is not currently available. | Listen to the Audio

    JUDY WOODRUFF: And now, for another view, we turn to Representative Scott Garrett of New Jersey. He’s a leading Republican on the House Financial Services Committee. He’s helped draft many of his party’s alternative recommendations for financial regulatory reform.

    Congressman Garrett, thank you for being with us.

    Tell us, overall, your take on the president’s proposals today.

    REP. SCOTT GARRETT, R-N.J.: Before I do that, I would just say that was a fascinating interview. I appreciated some of the questions that you posited and the lack of answers on the other side of it.

    And, also, just one other comment. You know, I was thinking, your lead-in to this story talked about the fact that the — the stock market tanked today. You know, when the former Fed chairman was in, Alan Greenspan was in, there was a saying back in those days that you called the “Greenspan put.” Any time the treasury secretary — for the Fed chairman said something, the market saw that as good news and it took off.

    We have just the opposite with this administration. Any time this administration comes out and says something about what they plan to do in the future, the market tanks. And I think — and it tanks not only for Wall Street, but it tanks for the rest of America as well. And I think that’s very telling as to where this administration is going to bring us with Wall Street and the economy as well.

    JUDY WOODRUFF: Well, what — what do you think that tanking of the markets represents? Who was speaking there?

    REP. SCOTT GARRETT: Well, I think they’re responding to what this administration is rolling out here.

    You know, one of telling comments that the secretary said just now was, he wants stability. And you followed that up with a great question, asking for — saying that the market looks for stability in the marketplace, and will this do this?

    And he missed the answer — or he didn’t give an answer. The market would want stability if they know what the game plan is, they know what the rules are today, and they can live with them and go forward. Well, we saw the administration come out early on in this year, the spring or the summer of this year, with their white paper, saying, this is what we want to do.

    I was at the White House when they rolled it out. I got a copy of it, read through it. That was all — their entire game plan. We have been working on this from June, July, August, September, October, November, December, all these months. And now, just when you have a political action over in Massachusetts, they come out with, well, a clarification with brand-new things.

    How does that bring about the stability that the marketplace is looking for?

    JUDY WOODRUFF: And — and we did hear his response to those questions about the timing of it.

    Let me just ask you, though, about…

    REP. SCOTT GARRETT: There isn’t — really wasn’t an answer to it. He says, we have been working on this — you raised the right question about Paul Volcker.

    Well, why didn’t — why didn’t they tell us this idea back in June?

    JUDY WOODRUFF: And — and, without rehashing the whole interview…

    REP. SCOTT GARRETT: Sure.

    JUDY WOODRUFF: … he talked about December and impetus right now that the Senate legislation is going to be.

    REP. SCOTT GARRETT: Sure.

    JUDY WOODRUFF: But let me ask you about one-half of this, at least, and that…

    REP. SCOTT GARRETT: Sure.

    JUDY WOODRUFF: … is ensuring no bank owns, invests in or has any sponsorship of a hedge fund or private equity fund. What about that part of the proposal?

    REP. SCOTT GARRETT: Well, that would put — obviously, put the reins in on the current Fed chairman and this administration with what they used in order to try to get us out of the situation that we’re in right now, right?

    I mean, in other words, had their rules been put in place a year ago, they wouldn’t have been able to try to push for some of the mergers that we did see on Wall Street to try to bring us out of this situation. So, that’s one real question that we have to put back to the administration. What will they do next time?

    And the second major point is this. If we want the banks to lend — and we all do — if we want the economy to expand — and we all do — do you really want to start confining the banks in their ability to make profits in order to generate more capital to lend out to the people? And that’s what these constrictions will now do.

    JUDY WOODRUFF: And the core point, though, Congressman Garrett, there behind this…

    REP. SCOTT GARRETT: Sure.

    JUDY WOODRUFF: And we heard Secretary Geithner refer to it…

    JUDY WOODRUFF: … and the president, too — and that is using the so-called safety net of government money, the banks turning around and using that money that they have had access to and making risky investments with it, to their own benefit?

    REP. SCOTT GARRETT: Well, there, that’s a good point as well.

    And that’s why, when this administration came out with their package last — this past year, we said, you know, what you’re really doing is continuing the bailout mentality. You’re continuing with the legislation that came out of the committee and out of the House and what they support to allow for these institutions to be bailed out.

    By who? By you and me, the taxpayer. Republicans, on the other hand, had a proposal, and we laid it all out for them — they never really allowed us to move it — that says, no, we need to end the bailout mentality — taxpayers are calling for that overwhelmingly — and stop allowing Wall Street to look to the taxpayers to be bailed out.

    We go in an entirely different direction than what Secretary Geithner is trying to do right here.

    JUDY WOODRUFF: Well, let me just understand.

    REP. SCOTT GARRETT: Sure.

    JUDY WOODRUFF: So, going forward, would you and other Republicans support the idea of making sure a bank does not own — have the ability any longer to own a private equity fund or a hedge fund?

    REP. SCOTT GARRETT: No, no, we wouldn’t. We wouldn’t. And we wouldn’t see the need for it because we wouldn’t support the idea of that institution being totally bailed out again by the — by the taxpayer.

    JUDY WOODRUFF: And then the other half of this is the idea of…

    REP. SCOTT GARRETT: Sure.

    JUDY WOODRUFF: … limiting consolidation, putting limits on the size that any bank would be allowed, the large bank, would be allowed to grow to.

    REP. SCOTT GARRETT: Yes.

    You know, years ago, and not too long ago, the United States had some of the — the majority of the largest financial institutions in world. Now we have gone down to the point we only have — you can count them on one hand. And where’s the rest of the large financial institutions? Elsewhere in the world.

    If what this administration says is, we’re going to tie the hands even more, so that we’re going to put a limit on them, the secretary answered your question by saying, do you want to dismantle them? Effectively, he should have said yes, because that’s what their legislation allows them, the administration, to do, to dismantle them when they get larger than they want them to be.

    We will be uncompetitive with the rest of the financial markets in the world, as we continue to be so with this — policies they have enacted so far — or tried to enact, I should say.

    JUDY WOODRUFF: Do you believe any limit should be placed on these large mega-banks?

    REP. SCOTT GARRETT: Sure. The limit should be on the other side of the page. The limit should be that the taxpayer should not be the avenue for recourse when they have problems.

    When the banks grow to or when these financial institutions grow to such a size that they can’t sustain themselves, or what have you, they have problems, economic problems, or financial problems, they shouldn’t be able to look back to you and I, the taxpayer, to be bailed out. That’s where the limit should be.

    You put that limit on, and you will not find yourself so much in the situation that we came to today.

    JUDY WOODRUFF: So, how…

    REP. SCOTT GARRETT: Yes.

    JUDY WOODRUFF: Go ahead.

    How would that — how would you enact that?

    REP. SCOTT GARRETT: Well, the — well, we have legislation that we have proposed.

    We do have the idea of, you know, a council of regulators out there, so the council of regulators can get all the information out that they need and look over the horizons, what have you. So, we support that general idea. We don’t go as far as the administration wants to.

    We have the idea of saying that put limitations on bailouts, so that the bailouts don’t occur in the future, so that we don’t have to do the — look to see AIG situations or Bear Stearns situations or the Fannie Mae or Freddie Mac, which is probably going to be more money spent on those two institutions than the Congress spent on the TARP program.

    JUDY WOODRUFF: We’re going to have to leave it there.

    REP. SCOTT GARRETT: OK.

    JUDY WOODRUFF: Representative Scott Garrett, we thank you very much.

    REP. SCOTT GARRETT: I appreciate the chance to be with you again. Thanks so much.

    The post Are Bank Restrictions Enough to Prevent Another Recession? appeared first on PBS NewsHour.


              Comment on "Race, IQ, and Wealth" by Ron Unz   
    Meanwhile, meet the money-laundering, Nigerian Oil Magnate behind New York's 50M Condo Foreclosure: http://www.zerohedge.com/news/2017-06-24/meet-money-laundering-nigerian-oil-magnate-behind-new-yorks-50mm-condo-foreclosure
              Did Syria use Chemical Weapons in Khan Shaykhun?   

    According to the Organisation for the Prohibition of Chemical Weapons (OPCW), Syrian citizens were exposed to sarin, a chemical weapon, in April of 2017 in the Khan Shaykhun area of Syria. The OPCW didn’t visit the site of the attack, but they did interview people and examine materials that came from the area.

    The OPCW did not say who was responsible for the Sarin exposure. That wasn’t their job.

    Ambassador Nikki Haley put out a press release saying the OPCW report is “… concluding that the chemical weapon sarin or a sarin-like substance was used in the attack.

    Notice Haley’s replacement of “sarin” from the OPCW report with “sarin or a sarin-like substance” for her press release. That’s a tell. It means Haley has some reason to be skeptical that sarin was involved. If the OPCW is willing to call it sarin, why hedge? 

    The OPCW does not offer an opinion on who was responsible for the exposure, or even that it came from an “attack.” Yet somehow Nikki Haley knows the chemicals came from a “chemical weapons attack.” Russia claims an airstrike on a nearby storage facility accidentally released deadly gas. But Russia is less credible than CNN, so that doesn’t mean anything.

    Perhaps the United States has reliable evidence connecting the gas on the ground to an actual attack, but we citizens haven’t seen it. We did learn that a Syrian jet bombed the area at the time of the chemical exposure. But I don’t believe anyone found bomb fragments with sarin, or anything that conclusive. If so, we haven’t seen that evidence.

    We are also asked to believe that Syria is planning “another” attack from the same place as the last one, while we watch every step of the way, using drones and whatnot. Does that sound like something a dictator does when he is on the brink of winning and – this is the best part – the only way he can lose from this strong position is by senselessly using chemical weapons?

    Well, maybe. But Syria’s Assad and his Russian mentors don’t seem crazy to me. Brutal, sure. Liars, sure. But crazy? I haven’t seen evidence of that yet.

    Apparently Assad has used chemical weapons in the past. If the event that leads to his demise is a manufactured story about his continued use of chemical weapons, I won’t feel any moral outrage. He has it coming. And I assume there is some military/strategic/negotiating advantage for the United States that comes from labelling Assad a repeat user of chemical weapons. So I still have confidence in the United States military leadership. 

    But I automatically doubt any claim that comes from a war zone. This one is less credible than most. 

    You might enjoy reading my book because it is book-like.

    I’m also on…

    Twitter (includes Periscope): @scottadamssays​

    YouTube: At this link.

    Instagram: ScottAdams925

    Facebook Official Page: fb.me/ScottAdamsOfficial


              Gun Control In Nazi Germany   

     

     

     

    Gun Control In Nazi Germany

    By: Audrey Kline via the Ludwig von Mises Institute,


    There is no shortage of theories or writings related to the rise of the Third Reich and the subsequent Holocaust. Stephen Halbrook’s 2013 book, Gun Control in the Third Reich offers a compelling and important account of the role of gun prohibition in aiding Hitler’s goals of exterminating the Jews and other “enemies of the state.” While much of the early gun prohibition was created with supposedly good intent, Halbrook carefully and meticulously details how a change in political regime facilitated manipulating some well-intentioned gun registration laws and other gun prohibition to be used in inconceivable ways.

    Students of history as well as Second Amendment enthusiasts will find this a fascinating book and will find parallels between gun prohibition in pre-Nazi and Nazi Germany, and attempts to prohibit types of gun ownership and implement other forms of gun prohibition in the United States today. The current climate in the United States surrounding gun prohibition combined with a president who uses his office to impose executive order in ways not historically common gives many citizens pause, especially when looking at the era of the Third Reich. While certain states have imposed gun registration laws recently, enforcement of the laws remains unclear.

    While Halbrook is careful to point out that a combination of factors led to the events of the Holocaust, there is no denying that many of the pre-war activities contributed to Hitler’s ability to disarm targeted groups, particularly the Jews. The rapid pace with which Hitler disarmed the populace in Germany is startling. Halbrook’s account is gripping, thorough, and full of legal documentation, leading the reader through the sometimes-daily changes in gun prohibitions that furthered Hitler’s agenda. Ultimately, the prohibitions enacted by the Nazi regime led to monopoly control of firearms by the Nazis and eliminated the ability of many groups in society to defend themselves. A similar progression in contemporary society related to government control of firearms and the firearms industry is a concern of many gun owners in the United States today.

    In Part I of the book, a chaotic post-WWI Germany is the backdrop, a time when there were no established policies or laws pertaining to firearm ownership. Concern about firearms not being turned in after the war and conflict between extremist groups and the government led to the implementation of gun control laws. However, well-meaning clauses in the laws were subsequently used to provide the government with complete control over gun ownership, creating registries of gun and ammunition ownership, which ultimately fell into the hands of the Nazis. These lists were methodically used to disarm citizens. Through the first three chapters of the book, Halbrook does a masterful job of detailing the ever-changing gun control policies, ranging from the most extreme (execution on the spot) to the postured ‘relaxation’ of gun control laws that allowed possession of very expensive long arms that would not be affordable for the majority of the population.

    Part II of the book opens with the naming of Hitler as chancellor of Germany at the end of January 1933, and the immediate utilization of the Weimar gun control policies to begin the Nazi campaign to seize arms and eradicate the so-called “enemies of the state” (all of whom were tagged as Communists). As a result, less than a month later, Hitler and Göring convinced President Hindenburg that an emergency decree was needed, which ultimately gave the Nazis the ability to eliminate constitutional assurances of liberty and free speech, a free press, the ability to assemble, and the right to privacy in personal communications. Furthermore, search and seizure of homes was authorized. This carte blanche for search and seizure essentially became the modus operandi of the Third Reich.

    By the end of March, Hitler had succeeded in passing the “Enabling Law” which gave him the ability to create laws as he wished, with no requirement for consultation. Following this, the confiscation of weapons escalated. Municipal governments were informed that military weapons and ammunition had to be surrendered by the end of March. The Jews were targeted next, with a large raid in East Berlin on April 4, 1933. Jews were not forbidden to own firearms until 1938, but the raid led to confiscations and arrests. The 1928 Firearms Law was utilized to identify the so-called enemies of the state, locate them, interview them, and subsequently confiscate their weapons, thereby increasing Nazi control and eliminating private ownership of firearms from the majority of society.

    Part III of the book details episodes of enforcement and expansion of gun prohibition by Hitler’s regime. To mark the one-year anniversary of Hitler’s power, the Law for the Reconstruction of the Reich was passed in January 1934, which centralized control over police and led to the replacement of the SA (Sturm Abteilung or Brownshirts) with the SS. Upon President Hindenburg’s death, Hitler assumed the presidency as well, allowing him the ability to rule by decree. Hitler could now declare laws at will and there was no right of appeal for those arrested. The military pledged allegiance to Hitler and the citizenry was instructed to follow Hitler’s decrees.

    Confiscated firearms were redistributed to the police and concentration camp guards. The number of searches and arrests continued to escalate, and with the adoption of the Nürnberg Laws in September 1935, Germans or those with ‘kindred blood’ were decreed as citizens, leaving the Jews without citizenship and consequently, without civil rights. A new weapons law was drafted in November that would also forbid Jews from operating in the firearms industry. Though not yet enacted, the draft opened the door for the stealing of the gun manufacturing company, Simson & Co., by Hitler, who claimed that the Jewish owners were guilty of fraud. Additional accounts are given of exploitation of various incidents to further the Nazi campaign against the Jews.

    Nazi Party control of the use and ownership of firearms was quickly implemented and far-reaching, with refinements to the Weapons Law continuing over the next few years. Eventually, in April 1938, Jews were required to register their personal assets if valued at over 5,000 marks. Just a few months later, Jews were required to register at local police stations to receive identification cards. Jews began to flee Berlin and other parts of Germany, as they were able.

    In the concluding section of the book, Reichskristallnacht (Night of the Broken Glass) is detailed. Jews had been systematically disarmed, and their identity and locations were now on file with local police. It was simply a matter of time before the full shift into deportation and extermination of the Jews would begin. Records support that a campaign to arrest legally registered Jewish owners of firearms was now underway, along with the push by the Nazis to pressure Jews to flee Germany.

    The complete confiscation of weapons held by Jews at this point was sparked by the November 7, 1938 assassination attempt of a German diplomat, supposedly by a Polish-Jewish teenager at the embassy in Paris. The Night of the Broken Glass came in the following few days. All Jewish weapons (including such things as letter openers) were confiscated, and all Jewish organizations were deemed illegal. With the Jews disarmed, Hitler’s plans could proceed with a defenseless populace. The majority of the non-Jewish German population was stunned by what had transpired but too afraid to protest. Isolated cases of resistance remained, such as the now well-known case of Oskar Schindler. When deportations commenced in October 1941, the possessions of the Jews were searched by the Gestapo for anything of value, and completed the disarming of the Jews. The dangers of silent witness are now well known.

    As has been well documented, Jews were methodically attacked, their homes, businesses, and synagogues ransacked and burned. Upward of 30,000 Jews were arrested. Any Jews resisting arrest were ordered shot on the spot. Attacks on the Jews were to be carried out by the SA, with no interference by police. Jews arrested were to be sent to concentration camps for up to 20 years. The pogrom was so thorough that nearly all age appropriate, Jewish adult males in Stuttgart had been arrested. With the population afraid and disarmed, Hitler could proceed with little worry about resistance. The Court reinforced that there was no judicial review needed for activities of the Gestapo.

    Halbrook concludes by noting that less government regulation and a tradition of rejecting tyranny could have led to a different outcome in Germany. Instead, systematic creation and manipulation of firearms registration and regulations, coupled with the decimation of individual citizen’s rights, enabled Hitler’s dictatorship and the slaughter of millions of innocent Jews and citizens of Nazi-occupied countries, as well as tens of thousands of Germans. It remains for all of us to wonder what might have been had people refused to register their firearms. Indeed, we should all take note and never forget.



              Gun-Grabbing California Politician Arrested For.....Gun Trafficking!   

    The hypocrisy won't be lost on anyone, after reading this story To put it bluntly, the very people who want to disarm you and I  are not much on disarming themselves (see Barbara Boxer's stance on giving up her Glock).  But some of them, involved in criminal RICO's are sure to be out there, operating freely, without the FBI or ATF catching wind of their criminal activity.

     

    It would sure be nice though, if we could go to sleep at night, knowing that career politicians were all in the business of politics for the sake of doing good by their constituents.  Lets just say, this particular sleazeball didn't feel he was making enough in his cushy job as a California Assemblyman, and sought supplimental income, through trafficking firearms and shoulder fired rockets to potential terrorists of the Al Qaeda sort. 

     

    Lets just thank the lord that these guys were all caught, before they could hurt someone, or heaven forbid, bring down a jet liner filled with innocent people.  It is indeed a sad day, when in the last week, no less than five elected officials, one from right here in Illinois, are arrested for bribery/corruption, child pornography, and weapons trafficking.  If ever there was a time when you absolutely should take your rights under the Second Amendment seriously, this would be that time.

     

    Contact Red Dot Arms today and get enrolled in our April classes to clear your requirement to get your CCW.  You'll learn firearms safety, the basics of shooting both revolvers and semi-autos, and you'll be 4 steps closer to being safe both at home, and while out and about!

     


              Seth Klarman: Investing In A Tech Bubble   

    Is it time to prepare for another tech crash? Seth Klarman is considered to be one of the best value investors alive today. Even though it’s impossible for most investors to benefit from his success as his hedge fund, Baupost […]

    The post Seth Klarman: Investing In A Tech Bubble appeared first on ValueWalk.


              Sonic the Hedgehog™ v3.0.2 Apk Mod [Unlocked] |   
    Descrição: O primeiro jogo do Sonic agora é gratuito para jogar e otimizado para os dispositivos móveis! Corra a velocidades alucinantes pelas sete zonas clássicas como Sonic the Hedgehog. Corra e atravesse os loops enquanto coleta anéis e derrota inimigos em sua missão para salvar o mundo do maligno Dr. Eggman. Sonic the Hedgehog chega […]
              6/30/2017: BUSINESS REVIEW: Surprise guests have little to say   

    Paul Keating wasn’t the only unannounced guest at the lunch to honour departing BHP chairman Jac “The Knife” Nasser. Billionaire Paul Singer sent lieutenants from his global hedge fund Elliott Management, the activist outfit that has been causing the...
              6/30/2017: BUSINESS REVIEW: Hedge fund Anchorage seizes Slater & Gordon   

    Hedge fund giant Anchorage Capital Group is to gain control of debt-stricken listed law firm Slater & Gordon in a deal that sees chief executive Andrew Grech step down, a clean-out of the board and existing shareholdings smashed. Anchorage and a...
              401k to Precious Metals - All You Need To Know About Conversions   

    What is a 401(k) fund?

    A 401(k) is a savings plan which is sanctioned on the retirement of any employee. Before the taxes are taken out, it functions to save and invest a portion of the paycheck. Until the money has been withdrawn from the account successfully, the taxes aren't paid.

     

    A 401(k) plan governs a section of the tax code and is used as a supplement to pensions. Over the course of retirement, these pensions are paid out to the ex-employee by the employer. A government employee is also eligible for receiving a pension. The replacement of the 401(k) has taken place primarily due to the escalating cost of the pensions. Now, the pensioner can control their invested money from the 401(k). Most of the options offered, date funds, stocks, bonds, money market investments but the most popular of them are conversions of them into date funds or bonds and stocks or conversion into precious metals such as gold or silver. One can transfer or rollover from one IRA to another within a period of 12 months.

    image

    Primary Benefits of the 401(k) Plan

    When a 401(k) plan has been introduced, it has accompanied along with it a number of benefits.

    • Savings become automated.
    • Options for various investment plans widen.
    • The companies match.
    • The increased ability to borrow from the account under circumstances.
    • The growth is tax deferred.
    • Convenience

     

    Many plans offer a various way for investment in the account, in such a way we know that the investment choices are limited. These investment choices will include mutual funds, bonds, and stocks from the company due to which the investment options for the 401(k) diversify.

     

    Many companies have stopped offering pensions to their ex-employees and have started to offer them with a company match in which the employee might have invested in, which serves as a huge perk for the employees. This, in turn, helps the company reach its matching funds faster and this is beneficial for the pensioner. This feature has made the factor of convenience devoid of hassles, as the employee would be able to access the account funds under many plans and circumstances. Considering these factors, one should also know that loans borrowed must be repaid back within 5 years of time and on leaving the loan of the 401(k) outstanding, there would be a limited time period for them to repay their loan.

     

    401(k) Precious Metals Rollover

    This method of conversion basically includes the rollover of a 401(k) account to a precious metal IRA account. When the employee works in a company which offers and sponsors the 401(k) account then it is unlikely of the employee to rollover funds into precious metals like gold or silver. However, the factor might vary from company to company depending upon their policies.

     

    The 401(k) accounts and plans can be rolled over by a former employer and the rolling over the process to a gold or silver IRA account can be done over a short period of time. Basically, the after selecting a custodian for yourself, make sure to finish all the paperwork to finish the transfer of funds the old account to the new IRA account. Once all the necessary paperwork has been completed, the IRA custodian might ask you to shop various gold or silver dealers for the products you might want to purchase. Once the choice is done, the precious metal dealer will contact the IRA custodian for the payment. Next, both the IRA custodian and the precious metal’s dealer will determine shipment of the precious metals into a depository.

     

    Before this action has been carried out, the 401(k) account holder must be sure to consider the issues of choosing the right custodian, choosing the right depository, the gold or silver products which needs to be purchased and the contributors which have been on-going. The gold or silver precious metals which are eligible for purchase carry premiums which a low and are liquid in comparison to other products.

     

    Investing in Precious Metal Rollover

    One might consider investing in a rollover of their 402(k) to a precious metal IRA account under various factors like:

    • Concerns of Inflation

    Investors often invest in precious metals in order to ward off the drastic changes which take place in inflation period. We know that inflation is the sudden increase in the price of the goods and products reducing the demand of the purchasing class. On the onset of an inflation period, the returns on an investment might actually become lower than its normal returns. In the case of liquid cash, that is gold or silver, the value of the precious metals tend to remain more or less increased and hence can hence the increased prices can be hedged.

    • Diversification of Portfolio

    In today’s time, the investors look for various options and asset classes apart from stocks and bonds. In such a case, the gold or silver layer gives an extra diversification layer and correlates to the stock and bond exhibition adding to the portfolio diversification.

    • Reliable Store of Value

    The use or investment of money on precious metals dates back to the historical period of the barter system in Mohenjo-Daro. This proves its reliability and has also been inherited as a store of value even in today’s time.

    • Peace of Mind

    Unlike the paper counterparts, the value of the precious metals does not depreciate and hence prevents bankruptcy. This, in turn, provides a peace of mind as the history being witness to the value of precious metals and their reliability, brings about a comfort in the investment.

     

    Final Verdict

    Considering these guidelines, the rollover of a 401(k) to a precious metals IRA account holder has been introduced with the basic guidelines for the execution. However, if the account belongs to a previous account holder, one must always consult a tax professional regarding these issues. In order to encounter smooth operation, one must follow the guidelines which have been pointed out.

     


              LISTE DES LICENCIEMENTS "PRE-VACANCES" 2017    

    Le reprise on la voit bien là dans la liste "symbolique" de cette semaine. Michelin et Allianz par exemple ont annoncé leur grand nettoyage juste avant les vacances, histoire de se débarrasser des effectifs en trop sans... trop de presse.

    Technique que vous connaissez bien maintenant... Et il reste encore juillet et août. J'en connais qui vont recevoir leur lettre de licenciement pendant qu'ils seront en famille sur une plage...

    Et observez bien ce que fait McDonald.... ainsi que la BNP. C'est, comme le disent les designers, "très tendance, très demain..."...

    Macron va t-il promettre de baisser le chômage ??? Envoyez lui cette liste (sans timbres) au 55 rue du Fbg St Honoré, Paris 75008, POUR INFO, comme le dit l'administration... Courage à vous tous.

    - 3M Belgique l'usine de Nivelles va fermer et 107 salariés iront se coller aux vitres de Belge-Emploi merci à Mme Rennenson

    - Allianz le grand assureur allemand a décidé de jeter à la rue 700 assureurs DE PLUS !!!! merci les taux négatifs merci à Sascha

    - Angleterre (emplois) a perdu 600.000 emplois dans le secteur de l’industrie en 10 ans (en fait depuis la crise des Subprimes) merci à Myriam

    - APM Terminals Gothenburg supprime 160 emplois, soit un tiers de son personnel, merci à Mme Lefumeux

    - BNP France 2 rumeurs de déménagement du QG historique parisien à côté des grands boulevards merci à mon lecteur

    - BNP France allez, encore une purge: 640 salariés seront virés des agences et du siège merci aux lecteurs

    - Boeing allez, 200 ingénieurs de plus virés en Caroline du Sud, à rajouter à ceux de la semaine passée, merci à Mr Picart

    - Bombardier Allemagne après la Belgique, voici l'Allemagne où 2.200 ingénieurs vont être jetés à la rue !!! merci à tous mes lecteurs

    - Carrier US le scandale continue: 700 salariés jetés à la rue dans l’Indiana et l'usine délocalisé au Mexique merci à Mme lefumeux

    - Ebony le célèbre journal pour les Noirs américains a jeté à la rue 13 journalistes et admins

    - Ecot distant learning jette à la rue 305 profs et admins merci à Myriam

    - Excel Industries jette à la rue 270 salariés merci à DJC

    - JAGUAR le constructeur a décidé de créer 5.000 emplois en Angleterre... Reste à voir si ce n'est pas un coup de pub comme on en a tant vu, merci à mes lecteurs

    - Kellogg (suite) le céréalier ferme son centre de distribution Woodridge et licencie 258 personnes merci à Myriam

    - Kmart le géant américain a fermé deux hypers de plus, 100 salariés à la rue de plus merci à Myriam

    - Mac Donald la chaîne va installer 2.500 robots-guichets de commande en 2017 ce qui va supprimer au minimum 5.000 emplois pour les étudiants qui à leur tout vont devenir des emprunteurs des banques, et 3.000 de plus en 2018 ce qui fera au moins 6.000 étudiants de plus qui n'auront pas de travail et qui iront s'endetter chez les banques... merci à Zero Hedge

    - Maine (Etat) le seul endroit où il y a encore du travail " « l’économie y est tellement forte actuellement et le chômage si bas dans l’Etat du Maine (3,2%, le plus bas depuis 32 ans selon l’article), que ce dernier est obligé de réduire le personnel de son « Pôle Emploi » et licencie 10 employés… »… hier il y avait 3 ou 4 autre articles du même genre pour d’autres états US. Méthode Coué? chiffres truqués? Propagande? Si c’est la réalité, les chômeurs des autres états US feraient bien de foncer se trouver un job dans le Maine!" merci à Myriam. Note: oui c'est vrai sauf que le Maine c'est le bout du monde...
     
    - Michelin France juste avant les vacances, le groupe a annoncé le licenciement 1.950 salariés, en France (1.000) et le reste aux USA merci à tous mes lecteurs

    - Modeaffaires France ferme sa boutique de La Chappelle St Aubin, merci à Mr Bois

    - Pure Fishing France (suite de la semaine passée) Marignier : le groupe de cannes à pêche (Berkley, Abu Garcia, Penn, Mitchell, etc.) est en faillite et les 31 salariés iront pêcher des emplois chez Pôle merci à mon lecteur

    - Racor US licencie 350 personnes à son usine de filtres pour carburant de Modesto merci à Myriam

    - Saipem - ENI France 251 salariés sur 1.900 à Montigny-les-Bretonneux iront tourner leurs pouces chez Pôle Emploi merci à Armel

    - Sears Canada (suite) eh bien voilà, j'en ai parlé la semaine passée, et pouf le groupe a déposé le bilan 3.000 salariés iront tout de suite chez Caribou Emploi, et 13.000 autres vont suivre si aucun sauveur ne se manifeste, sans parler des fournisseurs non payés qui eux-mêmes vont licencier d'ici quelques semaines, merci à Mr Chouinard qui nous dit: "Comme spécifié la semaine dernière, Sears Canada va se mettre sous la protection de la loi pour vendre ses actifs en morceaux. À travers le pays, Sears compte actuellement près de 16.000 travailleurs, dont 3.000 au Québec."

    - Sicpa Suisse devrait supprimer jusqu'à 150 postes à Prilly (Vaud) merci à Mr Kandic

    - Smucker Company US jette à la rue 260 salariés merci à Mme Lefumeux

    - Starbucks le cafetier va embaucher 2.500 réfugiés en Europe... malgré le chômage endémique... à 1 euro de l'heure ? merci à Zhekoo

    - Tesco UK licencie encore et encore, cette fois 1.100 téléphonistes de son centre d'appels merci à Spartacus

    - Tim France (suite) cabines et des composants destinés à la production d’engins de chantier (grues, pelleteuses, tracteur) tous les salariés sont en grève... la société va-t-elle survivre merci à Fangbl

    - Valagregue France (suite) la briqueterie vient d'être liquidée, concurrence allemande-polonaise, etc., merci à Mr Raymond

    - Vivendi - Veolia "Veolia Eau France va supprimer 572 emplois d'ici à 2020, dans le cadre d'un plan de "sauvegarde" de l'emploi! En plus de ça, 1.000 postes seront soumis à des mobilités géographiques! Du reste, l'entreprise avait déjà supprimé 1.500 emplois ces 3 dernières années. Tout ça, malgré un chiffre d'affaires stable et le contrôle de 50% de la distribution privée d'eau en France !!! Scandaleux!" merci à Maria

    Source

              Sonic: Scorched Quest   
    Go on an brand new Adventure with Sonic. Few months after defeating Eggman in Metallic Madness, Sonic decided that he will go to South Island and see if everything is alright on it. Sonic: Scorched Quest is a sonic of Sonic the Hedgehog. Meanwhile, Eggman also returned to the island where he hides in his […]
              Rock Creek's Winning Bet on Hedge Funds, EMs   
    The alternatives firm, run by Afsaneh Beschloss, uses broad themes to find promising investments.

              BRIEF-Pinnacle Entertainment files for mixed shelf of upto $1.5 bln – Reuters   
    BRIEF-Pinnacle Entertainment files for mixed shelf of upto $1.5 blnReutersBOSTON, June 30 As hedge fund investors have been choosing computers over star stock-pickers, putting ever more money into “quant” funds, one firm has become the undisputed leader in attracting assets. …read more Source:: Entertainment News From Google News
              766 Hedges Ln Wayne Pa Sunday Open House   
    766 Hedges Lane Sunday Open House 8/16/2009 2-4pm 766 Hedges Lane in Wayne Tredyffrin Township, PA 19087. This a wonderful neighborhood, quiet cul-de-sac location just minutes to the R5  Strafford Train with easy access to Philadelphia, all major corporate centers such as Great Valley, King of Prussia and Chesterbrook. 766 Hedges Lane is a very spacious home featuring 5 bedrooms, 3.5 baths and a first floor Master Bedroom Suite. There are 3 bedrooms plus 2.5 baths on the first floor providing the potential for either an in-law or au pair suite. A formal dining room and formal living room with fireplace and picture window views to a large slate stone patio plus a paneled family room comprises the overall generous square footage. Two additional spacious bedrooms are located on See MainLinePaToday for more information about 766 Hedges Lane in Wayne Pa: 766 Hedges Ln Wayne Pa Sunday Open House
              766 Hedges Ln Wayne Pa 19087 Open 5/3/09   
    You’re Invited To 766 Hedges Lane, Wayne Pa 19087 Sunday Open House 5/3/2009 2-4pm Directions: - Route 30 West to right on Old Eagle School Road, right on Mancill Road to766 Hedges Lane Wayne Pa 19087 OH 5/3/09 first left on Hedges Lane to 766 Hedges Lane, Wayne Pa, 19087. Enjoy a quiet cul-de-sac location that’s just minutes to the Strafford Wayne Train Station and downtown Wayne Shopping. Sought after Tredyffrin Easttown Schools. See Main Line Pa Today for more information and a slide show: 766 Hedges Ln Wayne Pa 19087 Open 5/3/09
              Comment on time for a giveaway… by hedgehogi   
    The changing of leaves and baking!! alholm.co at gmail dot com
              Trian's Nelson Peltz On Why He's A Nicer Investor Than People Think   
    The billionaire CEO and cofounder of hedge fund Trian Partners says he's good for companies his firm invests in, including DuPont and GE.
              WORLD: Top Hedge Fund Managers Took Home $13 billion In 2011   
    The top 40 highest-earning hedge fund managers took home a combined $13.2 billion, according to a Forbes magazine survey. The top 10 hedge fund managers made more than $200 million each, while the lowest earning managers made $40 million each.

              Paul Craig Roberts Asks "Why Has Washington Been At War For 16 Years?"   

    Authored by Paul Craig Roberts,

    For sixteen years the US has been at war in the Middle East and North Africa, running up trillions of dollars in expenses, committing untold war crimes, and sending millions of war refugees to burden Europe, while simultaneously claiming that Washington cannot afford its Social Security and Medicare obligations or to fund a national health service like every civilized country has.

    Considering the enormous social needs that cannot be met because of the massive cost of these orchestrated wars, one would think that the American people would be asking questions about the purpose of these wars. What is being achieved at such enormous costs? Domestic needs are neglected so that the military/security complex can grow fat on war profits.

    The lack of curiousity on the part of the American people, the media, and Congress about the purpose of these wars, which have been proven to be based entirely on lies, is extraordinary. What explains this conspiracy of silence, this amazing disinterest in the squandering of money and lives?

    Most Americans seem to vaguely accept these orchestrated wars as the government’s response to 9/11. This adds to the mystery as it is a fact that Iraq, Libya, Syria, Yemen, Afghanistan, and Iran (Iran not yet attacked except with threats and sanctions) had nothing to do with 9/11. But these countries have Muslim populations, and the Bush regime and presstitute media succeeded in associating 9/11 with Muslims in general.

    Perhaps if Americans and their “representatives” in Congress understood what the wars are about, they would rouse themselves to make objections. So, I will tell you what Washington’s war on Syria and Washington’s intended war on Iran are about. Ready?

    There are three reasons for Washington’s war, not America’s war as Washington is not America, on Syria.

    The first reason has to do with the profits of the military/security complex. The military/security complex is a combination of powerful private and governmental interests that need a threat to justify an annual budget that exceeds the GDP of many countries. War gives this combination of private and governmental interests a justification for its massive budget, a budget whose burden falls on American taxpayers whose real median family income has not risen for a couple of decades while their debt burden to support their living standard has risen.

     

    The second reason has to do with the Neoconservative ideology of American world hegemony. According to the Neoconservatives, who most certainly are not conservative of any description, the collapse of communism and socialism means that History has chosen “Democratic Capitalism,” which is neither democratic nor capitalist, as the World’s Socio-Economic-Political system and it is Washington’s responsibility to impose Americanism on the entire world. Countries such as Russia, China, Syria, and Iran, who reject American hegemony must be destabilized and desroyed as they stand in the way of American unilateralism.

     

    The Third reason has to do with Israel’s need for the water resources of Southern Lebanon. Twice Israel has sent the vaunted Israeli Army to occupy Southern Lebanon, and twice the vaunted Israeli Army was driven out by Hezbollah, a militia supported by Syria and Iran. To be frank, Israel is using America to eliminate the Syrian and Iranian governments that provide military and economic support to Hezbollah. If Hezbollah’s suppliers can be eliminated by the Americans, Israel’s army can steal Southern Lebanon, just as it has stolen Palestine and parts of Syria.

    Here are the facts: For 16 years the insouciant American population has permitted a corrupt government in Washington to squander trillions of dollars needed domestically but instead allocated to the profits of the military/security complex, to the service of the Neoconservative ideology of US world hegemony, and to the service of Israel.

    Clearly, Amerian democracy is a fraud. It serves everyone but Americans.

    What is the likely consequence of the US government serving non-American interests?

    The best positive outcome is poverty for the 99 percent. The worst outcome is nuclear armageddon.

    Washington’s service to the military/security complex, to the Neoconservative ideology, and to Israel completely neglects over-powering facts.

    Israel’s interest to overthrow Syria and Iran is totally inconsistant with Russia’s interest to prevent the import of jihadism into the Russian Federation and Central Asia. Therefore, Israel has put the US into direct military conflict with Russia.

    The US military/security complex’s financial interests to surround Russia with missile sites is inconsistent with Russian sovereignty as is the Neoconservatives’ emphasis on US world hegemony.

    President Trump does not control Washington. Washington is controlled by the military/security complex (watch on youtube President Eisenhower’s description of the military/security complex as a threat to American democracy), by the Israel Lobby, and by the Neoconservatives. These three organized interest groups have pre-empted the Amercan people, who are powerless and are uninvolved in the decisions about their future.

    Every US Representative and US Senator who stood up to Israel was defeated by Israel in their re-election campaign. This is the reason that when Israel wants something it passes both houses of Congress unanimously. As Admiral Tom Moorer, Chief of Naval Operations and Chariman of the Joint Chiefs of Staff, said publicly, “No American President can stand up to Israel.” Israel gets what it wants no matter what the consequences are for America.

    Adm. Moorer was right. The US gives Israel every year enough money to purchase our government. And Israel does purchase our government. The US government is far more accountable to Israel than to the American people. The votes of the House and Senate prove this.

    Unable to stand up to tiny Israel, Washington thinks it can buffalo Russia and China. For Washington to continue to provoke Russia and China is a sign of insantity. In the place of intelligence we see hubris and arrogance, the hallmarks of fools.

    What Planet Earth, and the creatures thereon, need more than anything is leaders in the West who are intelligent, who have a moral conscience, who respect truth, and who are are capable of understanding the limits to their power.

    But the Western World has no such people.


              Hedgehog Charm - Sterling Silver Hedgehog Charm for Necklace or Bracelet by treasuredcharms   

    10.95 USD

    This Hedgehog Charm comes with a silver jump-ring as pictured. Please note that photo is not to scale and may appear larger to show detail. Refer to exact measurements below.

    { DETAILS }
    ★ Material: Sterling Silver
    ★ Finish Color: Silver
    ★ Measurements: 3/8" x 1/2"
    ★ Dimensions: 3-Dimensional
    ★ Made in the USA

    { CHARM ADD-ONS }
    ★ Sterling Silver Lobster Clasp for easier attachment to your charm bracelet
    ★ Sterling Silver Converter/Euro Bead to add charm to a European bracelet
    ★ Sterling Silver Cable Chain to instantly turn your charm into a necklace

    All of the above options are available as add-ons for this charm. You can make your selection from the drop-down menu when adding the charm to your shopping cart. Please refer to the example picture in this listing to get a visual idea of each add-on. I attach all add-ons at no charge before shipping. If you do not choose an add-on your charm will arrive just as pictured with a silver jump ring.

    { KEEP SHOPPING }
    More animal themed items available from my shop: https://www.etsy.com/shop/treasuredcharms/search?search_query=animal

    { PACKAGING }
    Packaging varies but items are wrapped securely to ensure there is no damage during shipment. Gift packaging is available at no additional cost. During checkout select ‘yes’ when asked if you need a gift box and your item will be packaged in a small jewelry box or organza bag. If the item is a gift a small printed gift note can be included and it can be sent directly to the recipient. After placing the item in your cart please type the gift note and any special instructions in the note box.

    { SHIPPING }
    I combine shipping costs when you order more than one item from my shop. This is automated during checkout. All orders ship from Pennsylvania ship via USPS First Class Mail. USPS Priority Mail is also available for orders shipping within the USA. You can select your preferred shipping method during checkout. Please see my ‘shipping and policies’ section for more information.

    PLEASE VISIT MY SHOP TO BROWSE MY OTHER CHARMS. I have over one-thousand charms available and most quality for flat-rate shipping so you only pay shipping on the first item. http://treasuredcharms.etsy.com
    *************************************************


              Episode 5: The Mascots   
    The Yard Goats' mascots were first unveiled to the world in October, 2015 , as the last part of a string of branding reveals that included merchandise, logos, logotypes, and uniforms, and that had begun with a Name the Team contest . A crop of fan submissions were winnowed down to a final five names, among them the Hartford Hedgehogs, River Hogs, Whirlybirds, and the oddly singular Hartford Praying Mantis. But as we well know, none of those names won out in the end.
              CSI: prop trading investigation squad.   
    Does JP Morgan’s derivative portfolio hedge its other lines of business? This picture says ‘no’. Does JP Morgan’s use derivatives to make prop trade bets on interest rates. This picture suggests ‘yes.’   Let me explain. Public attention is focused on the disastrous trades at JP Morgan’s Chief Investment Office, aka the London Whale’s trades. […]
              Dynamic Hedging or Futile Speculation?   
    Chesapeake still thinks it can time the market. On Tuesday management held its Conference Call to update to investors and stock analysts. Steve Dixon, the acting CEO, said “We’ve also taken advantage of the recent surge in natural gas prices to lock in additional price protection in 2013, and we have begun to hedge natural […]
              Was Ina Drew a Hedger or a Speculator?   
    This Sunday’s New York Times Magazine included a piece by Susan Dominus about Ina Drew, the former Chief Investment Officer (CIO) at JP Morgan who resigned following the outsized trading loss in her unit. The focus of the piece is on the rough and tumble of a woman trying “to succeed as an interloper in […]
              Chesapeake’s Two Natures   
    In yesterday’s post I said that Chesapeake’s management was speculating on natural gas and oil prices. But Chesapeake claims that it is a hedger. Speculating and hedging are different things, so is Chesapeake a hedger or a speculator? In representations to regulators, Chesapeake’s Vice President for Finance and Assistant Treasurer, Elliot Chambers, has stated categorically […]
              Distribution Clerk - Foundation for Medical Care of Kern County - Bakersfield, CA   
    Foundation for Medical Care of Kern &amp; Santa Barbara Counties*. And *HealthEdge Administrators*....
    From Indeed - Mon, 22 May 2017 23:26:53 GMT - View all Bakersfield, CA jobs
              This Is What Americans Spent The Most Money On In The First Quarter   
    Zero Hedge | For some inexplicable reason, in the first quarter American consumer were scrambling to buy... recreational vehicles!?
              Scientists Fear “Supervolcano” Eruption As Earthquake Swarm Near Yellowstone Soars To 800   
    Zero Hedge | Billions could die.
              Risk & Business Analyst - Mint Energy - Burlington, MA   
    In coordination with the Wholesale Pricing &amp; Supply group, ensure that all retail load positions and associated hedge positions are properly captured into the...
    From Mint Energy - Tue, 04 Apr 2017 11:07:11 GMT - View all Burlington, MA jobs
               Hedge fund vultures bet £336m that Ocado will plummet    
    Hedge funds are short selling 18.4 per cent of the online grocery company's shares – the second-highest percentage of any firm on the London Stock Exchange behind construction firm Carillion.
              Traders who left banks for hedge funds heading back to banks   
    Traders who fled banks for hedge funds are on their way back to Wall Street. This month, Barclays PLC hired Chris Leonard, a founder of ...

              Episode 319 – Psychographics 101   

    [audio mp3="https://www.corbettreport.com/mp3/episode319-lq.mp3"][/audio]
    What do you get when you combine behavioural science with big data and use the new Frankenstein hybrid to better influence people's thoughts, opinions and desires? Why, psychographics of course! Join James today as he delves into the murky world of billionaire hedge fund owners, creepy thought manipulators and the Trump campaign.

               The Economy: "We Are Witnessing The Development Of A Perfect Storm"   
     "We Are Witnessing The Development Of A Perfect Storm"
    by Robert Huebscher 

    "Robert L. Rodriguez was the former portfolio manager of the small/mid-cap absolute-value strategy (including FPA Capital Fund, Inc.) and the absolute-fixed-income strategy (including FPA New Income, Inc.) and a former managing partner at FPA, a Los Angeles-based asset manager. He retired at the end of 2016, following more than 33 years of service. He won many awards during his tenure. He was the only fund manager in the United States to win the Morningstar Manager of the Year award for both an equity and a fixed income fund and is tied with one other portfolio manager as having won the most awards. In 1994 Bob won for both FPA Capital and FPA New Income, and in 2001 and 2008 for FPA New Income. The opinions expressed reflect Mr. Rodriguez’ personal views only and not those of FPA. I spoke with Bob on June 22:

    RB: "In a recent quarterly market commentary Jeremy Grantham posited that reversion to the mean may not be working as it has in the past. What are your thoughts on mean reversion?

    RLR: There will be a reversion to the mean. We are in a very difficult and challenging time for active managers, and in particular, value style managers. Many of these managers are fighting for their economic lives. Given that I am no longer involved professionally in managing money, I believe the standards in the industry are being compromised; monetary policy has so totally distorted the capital markets. You are now into the eighth year of a period that is unprecedented in the likes of human history.

    The closest policy period to what we have now would have been between 1942 and 1951, when the Fed and Treasury had an accord to keep interest rates low. Interest rates were artificially held lower to help finance the World War II effort. With the renewal of inflation after the war, a policy war developed between the Treasury and the Fed on the continuation of a low interest rate policy. The Treasury-Fed of 1951 brought this period to a close. But that is the only time we’ve had a period of nine years of manipulated, price-controlled interest rates.

    This was a historical policy I discussed with my colleagues upon my return from sabbatical in 2011: what could unfold were controlled, manipulated and distorted pricing that could disrupt the normal functioning of the capital markets. The historical cycles that Jeremy would be referring to that entailed a reversion to the mean could be distorted, for a period of time, by this type of monetary policy action. But I do not believe the economic laws of gravity have been permanently changed.

    RB: At a Grant’s Conference last year Steven Bregman asserted that indexation in general and ETFs in particular were factors in the under-performance of active managers and are potentially a bubble. Are you familiar with his work and what are your thoughts on ETFs? What is driving the flow of mutual fund assets to passive strategies and what can or should fund companies do in the face of this trend?

    RLR: I go back to a speech I gave in 2009, 'Reflections and Outrage,' and buried within that speech is a section that said that if active managers did not get their act together then the likelihood would be that passive strategies would continue to take market share. When you have a market that is distorted by zero interest rate policy, David Tepper said it very well many years ago, “Well, you’ve got to ride it.”

    It’s a rocket ship that’s going up. If you are fully invested in the right areas, you have a shot at out-performing. However, if you are an active manager who has a valuation discipline, given the valuation excesses in the capital markets now and that have been developing for the past several years, then an elevated level of liquidity would be held, if you were allowed to do so. As such, you will likely underperform the market.

    Active managers have not demonstrated a value-add to an appreciable extent over the last 20 years. When I look back at what happened prior to 2000, if an active growth stock manager could not see the most extraordinary distortion and elevated, speculative market in history, when will they? In the lead up to the 2007-2009 financial crisis, many value-style managers did not cover themselves in glory either. If you looked at what their major stock ownership concentrations were, they were very much in large banks and various types of financial institutions that were going to get crushed in the credit downturn. If they couldn’t acknowledge or identify the greatest credit excess in history, when will they?

    I’m picking on both growth- and value-style managers for missing two of the great bubbles in history. This miss led to capital destruction. Now we have a clueless Fed, in my opinion, that has never known what a bubble is beforehand. It is accentuating one that has been developing as a result of its policy insanity of QE. Markets are going straight up predicated on it.

    The public looks at these outcomes and says, “Why should I pay higher fees to managers who can’t outperform or can’t even identify a major speculative blow off. I might as well be fully invested. I might as well be in an ETF or index fund.”

    Thus, since 2007, indexing or passive activities have risen from approximately 7% to 9% of total managed assets to almost 40%. As you shift assets from active managers to passive managers, they buy an index. The index is capital weighed, which means more and more money is going into fewer and fewer stocks.

    We’ve seen this act before. If you didn’t own the nifty 50 stocks in the early 1970s, you underperformed and, thus, money continued to go into them. If you were a growth stock manager in 1998-1999 and you were not buying “net” stocks, you underperformed and were fired. More and more money went into fewer and fewer stocks. Today you have a similar case with the FANG stocks. More and more money is being deployed into a narrower and narrower area. In each case, this trend did not ended well.

    When the markets finally do break, as they always have historically, ETFs and index funds will be destabilizing influences, because fear will enter the marketplace. A higher percentage of assets will be in indexed funds and ETFs. Investors will hit the “sell” button. All you have to ask is two words, “To whom?” To whom do I sell? Index funds and ETFs don’t carry any cash reserves. The active managers have been diminished in size, and most of them aren’t carrying high levels of liquidity for fear of business risk.

    We are witnessing the development of a “perfect storm.”

    RB: The Wall Street Journal has reported that central banks from Switzerland to South Africa are investing their reserves in equities. How should investors respond to the participation in the price discovery system by players that can print money and may not be performance-driven?

    RLR: The last thing I ever wanted to do as a professional was allocate capital to areas that government was buying. With governmental-driven decisions there are virtually no penalties for bad decision making. Look at the rank stupidity of Dodd-Frank, or Paulson, Bernanke, and Greenspan. They were clueless before each of the last crises. They helped drive a system off the tracks. What penalty have they paid? None! They get to keep their pensions. But when you have central banks deploying capital and their cost of money is zero, they destroy the capital-asset pricing mechanism; they destroy comparability; the distortions continue. As a dedicated contrarian, the last place I want to invest money is where governments are deploying the capital because they are so totally distorting the market.