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Korin wrote:
ISS can use robots to send them to other planets past Pluto, I also heard there is planets past Pluto, what are their names?
This is the only question in the entire post. Everything else is a speculative rant.
Korin wrote:
ISS can use robots to send them to other planets past Pluto, I also heard there is planets past Pluto, what are their names?
Korin wrote:ISS can use robots to send them to other planets past Pluto, I also heard there is planets past Pluto, what are their names?
Korin wrote:Heaven and Hell is in outer space, they are afterlife yes. They are not on this planet, Heaven is above the universe where all the species go, we will meet other species when we die perhaps, or perhaps we will just be re-born somewhere in the universe.
Hell is opposite of Heaven which is below the Universe.
Korin wrote:WE ARE NOT ALONE.
FoxWithWings wrote:I've always wondered how exactly steel is made. I know that it is an alloy. I know it is a mixture of mainly iron and carbon (with a few other elements). What I don't know, is how steel would be made. Let's say, in the form of a blacksmith forging a steel sword with medieval methods.
Is carbon and iron both mined separately and then mixed whenst they are heated into molten liquid (is that even possible)? Is the carbon already in the iron ore, and then made more prevalent when impurities are removed from the metal during the forging process? Or, is the carbon somehow absorbed into the metal from the air (this one sounds ridiculous even to me)?
There are some good videos on YouTube! Some are much shorter and discuss the subject in more general terms.
FoxWithWings wrote:Yes, I actually looked it up, after I asked the question. I waded through a lot of stuff, and wondered if I could get a even better explanation here. I'm still confused on how the carbon and iron are mixed though.
Also learned that steel has been around for much longer than I originally thought.
Caveat that I have no professional knowledge relevant to this subject, but alloys are basically combining two or more melted metals and allowing them to cool. That's a dramatic oversimplification as the amounts, temperatures, and time periods (e.g. cooling time and rate) are important to the process, and in some cases chemicals are used to imbue certain properties or address certain concerns. There may be multiple stages to a process. Specifics, in many cases, are regarded as trade secrets.
So the best answer I can give to the process is that they're melted together and cooled through a process appropriate to the substances involved and the desired end product.
Here is some more information on carbon steel.
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This image shows a start event labeled Receive Quote From Supplier, which has a sequence flow extending to a User task labeled EnterQuote.
A sequence flow extends from the EnterQuote task to the expanded subprocess, illustrated as a rounded rectangle containing a process.
From the subprocess, a sequence flow extends to an end task labeled Send Response to Supplier.

subset: commoncrawl


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'Rising Star' Leila Janah on Fighting Poverty
By Visi R. Tilak
Leila Janah is trying to find a way to connect women and young people living in poverty to dignified work via the Internet. Her company Samasource, which she founded in 2008, provides free, specialized technology training via 16 centers in nine countries, including India, Pakistan, Kenya, Haiti and Uganda.
In December, Ms. Janah was chosen by Forbes Magazine as one of 30 Rising Stars under 30.
Ms. Janah, whose mother is half Belgian, half Bengali and father is from Kerala, grew up in the U.S. She started visiting India during her college years, and says she felt an overwhelming sense of belonging on these trips.
"When I first arrived at Chatrapati Shivaji Airport (in Mumbai), an immigration official smiled at me and said, 'Welcome, madam, you are home.' For a quiet moment before the haggling and hustling began with the baggage handlers, I felt deeply connected to my roots," Ms. Janah told The Wall Street Journal's India Real Time.
The idea for Samasource began in high school, where she was already interested in social justice and involved with the American Civil Liberties Union and a couple of local organizations. At 17, Ms. Janah went to Ghana on a scholarship to teach English. She then studied African development at Harvard, and later worked for the World Bank, getting frustrated with the large-scale development approach in places like Africa.
She had her "eureka" moment after college when working for a consulting firm that sent her to India to help a large outsourcing company. If outsourcing could generate billions of dollars for a few entrepreneurs in India and the Philippines, then, she asked herself, why couldn't the model be inverted to generate a few extra dollars for billions of people? And thus Samasource was born.
The company takes work that is given to big outsourcing firms and instead assigns it to youth and women who have been trained by Samasource to perform these jobs. The work includes transcription services and content moderation. Clients typically pay per task and prices vary depending on the complexity and volume of work.
We spoke with Ms. Janah about her organization, her achievements and her goals. Edited excerpts:
The Wall Street Journal: What are your thoughts on being one of Forbes 30 Rising Stars under 30?
Leila Janah: I guess I don't think of myself as very successful. Poverty is a huge problem, and according to the latest data on the Millenium Development Goals, it's not getting eliminated as fast as we'd like. Samasource has added a helpful new voice to the chorus, but we're still quite small. There are miles to go.
WSJ: There are a lot of people out there trying to do noble things… You are one of the luckier ones. What do you attribute your success to?
Ms. Janah: I think people are hungry for new ideas and leadership in the world of poverty alleviation. Most development programs are started and led by people with Ph.Ds in economics or policy. Samasource is part of a cadre of younger organizations headed by entrepreneurs from non-traditional backgrounds. It helps that I started when I was 25 and had a fresh take.
Another factor is the core idea behind Samasource: that poor people want the same things that everyone does - a decent job that pays a living wage and offers some stability. Giving people work instead of, or as a complement to, aid is appealing to pretty much everyone.
WSJ: With outsourcing taking a lot of flak, how is the political environment going to affect your organization?
Ms. Janah: We don't do outsourcing. We do impact sourcing. This is a new term that refers to employing individuals with limited opportunity for sustainable employment as principal workers in Business Process Outsourcing centers.
Impact sourcing will then become for outsourcing what impact investment was for investing. It will take a high-growth sector with billions of dollars behind it and make it work for poor people. A recent study projected that by 2020, the market for impact sourcing services will grow to employ 2.9 million people. We are excited to be at the vanguard of this movement.
WSJ: What work are you doing specifically with India and South Asia? Projects in the works or planned?
Ms. Janah: We currently partner with delivery centers in India (Jharkhand, Bangalore, Kolkata, Pula and Mangalore) and in Pakistan (Lahore). We call these partners "delivery centers." Samasource works with local delivery center partners who recruit, hire and train poor women and youth.
These partners work with local community-based organizations, government organizations, schools and other non-government organizations to source agents (workers). Additionally, these delivery center partners may use radio advertising or flyers to source local agents. The criteria for selecting agents is that they must be between the ages of 18 and 30, have no formal work experience, and are currently earning less than a living wage. Agents are then provided free, specialized technology training, soft skills training, and project-specific training before beginning work. From there, agents report to these delivery centers each day to work.
WSJ: What are your goals for the near future?
Ms. Janah: Right now, our team is working on scaling Samasource to several thousand more workers in Africa and Asia, and launching a domestic pilot here in San Francisco called SamaUSA. I am looking forward to the day we've moved over 100,000 people out of poverty through Samasource.
I also dream of turning Sama into an organization with many different business lines, each using technology to tackle poverty in a different way. After a trip to Sierra Leone last year where I learned that one in eight women die in childbirth, I launched another venture. Samahope is the world's first crowdfunding site for life-saving surgeries - think of it as Kickstarter for medical treatment. We're just getting off the ground but believe this could be huge.
I've also started angel investing and advising other startups, and recently joined the board of CARE, one of the world's largest humanitarian organizations. I'm trying to squeeze in a book, but that's looking like it might take a while.
Visi R. Tilak is freelance writer with bylines in publications such as the Boston Globe, Indian Express, India Today and Tehelka. She can be reached via email email@example.com, her website www.visitilak.com or on Twitter @vtilak.
Follow India Real Time on Twitter @indiarealtime.


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Burley AFL Sydney Swans Socks (Red and White Striped).
High performance Stretch Nylon leg for optimum stretch, durability and shape retention. Elasticized ribbing around the ankle for extra support, elasticized arch support to keep the sock in place whilst maximising foot sensitivity against the shoe/boot. Cotton/Nylon cushioned sole provides impact and sweat absorption for extreme comfort.
*Grey area shown on picture indicates elasticated part of the sock


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Kelly Bros. Inc. out of Exeter, CA, is an up-and-coming fruit company devoted to working hands-on with its suppliers and customers. The company is just three years old and has built a devoted customer base of fruit processors and distributors across the United States.
"We understand our clients' business models and have proven success through research and development, and year-round support. It is our job as a team to share industry knowledge, ensure successful transactions, and control the amount of product needed seasonally," President Patrick Kelly said.
This hands-on approach to all aspects of fruit processing and relationship building with growers and clients has served Kelly and his company well. Kelly Bros.' pursuit of consistency of product has produced consistent relationships with growers and buyers, which it hopes to extend to new outlets.


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This headline greeted me this morning:
World markets surge as US data boost recovery hope
US Data? What US data can they be talking about? GM, Chrysler and Ford posted huge additional losses. http://news.yahoo.com/s/ap/20090402/ap_on_bi_ge/world_markets
The article then went on to say some very surprising things: "Nearly every sector in Asia charged higher, with carmakers like Toyota Motor Corp. and Nissan Motor Co. rallying on U.S. auto figures that were less dismal than feared." Really, rallying on US auto figures – just what were those figures? Less dismal? They seem very dismal to me – after all you didn't expect car sales to be zero did you?
'Investors were encouraged after U.S. car sales jumped by nearly 25 percent last month from February, beating the typical rise and underpinning hopes of a turnaround in the American auto market — critical for Asia's giant auto companies.' What? Auto sales "jumped" by 25% last month – I don't believe it, do you? (I don't believe it for good reason – I know the real numbers).
SEE: http://www.msnbc.msn.com/id/30024711
"A rebound in pending U.S. home sales in February from a record low, as well as improving manufacturing activity, added to a growing belief the most severe global downturn in decades may be moving close to a bottom.' What? Housing sales are up? Where? By whose count? Manufacturing activity is up? By what measure and whose numbers? I'll provide the unvarnished numbers shortly …..
"Still, the upbeat evidence distracted investors from more sobering news the U.S. private sector continued to shed hundreds of thousands of jobs last month — a worrisome sign as investors brace for Friday's report on nationwide job cuts." Yes, those pesky unemployment numbers – preliminary projects announced yesterday were absolutely awful – specifics to follow.
You can imagine my surprise when 3/4 of the way through this same article the following sentence appears,
"With the economic crisis still far from over, analysts warned of more painful market volatility as the recession unfolds."
Recession unfolds? Unfolds? One would think the recovery was underway based on the previous statements. This is beyond shoddy journalism, this is unethical reporting.
My point is this, the data suggest we have not hit bottom, plain and simple. I'm looking forward to the "turn around" as much as the next person. I'm looking forward to it more than youmight guess. Unfortunately, that turnaround is expected to beging in 6 to 12 months and today's data does not dignal an earlier start. Misrepresenting where we are at now can cost individuals a fortune with bad investment advise and can harm the recovery by setting false expectations that can only lead to disapointment. The truth is this; the economic elevator from hell that we are all riding, is still heading down. It's descent may be slowing but there is no sign that it is about to stop.
I'm glad to see that stock prices are rebounding from their 12 year lows, but as unemployment continues to grow and as the prosepcts for profits and dividends remain bleak, there is more than a possibility that these gains will be surrendered and that the markets will test new all time lows. Spending, taxes and the possibility of runaway inflation remain serious concerns.
Remember this, the Stock Market is not the economy. During many of the years which made up the Great Depression (1929 – 1941) , the stock market "went up" while the economy deteriorated. In fact the DJIA went up in 6 of the 12 years of "The Great Depression". http://www.nyse.tv/dow-jones-industrial-average-history-djia.htm
Wildly incorrect headlines maybe spurring people to re-enter the markets prematurely. Without a return to broad based profitability and dividend payments increased stock prices may not hold. Beware a "Bear Market Bounce" and don't confuse "trading activity" with "investment activity". Good Luck and lets hope for the best.
Hope aside – here are the unvarnished numbers.
Auto Sales:
US Auto sales are down, horrifically down. The report above so badly misrepresents the true state of auto sales in the US, I have to question the author's ethics. The numbers simply don't support, in anyway, the statement made above. The statement above can actually be harmful. If one were to believe auto sales were on there way back, one might fight necessary change to correct "broken business models". What do the numbers show?
Sales of new cars and trucks are down 36.8% in March 2009 compared to March 2008.
The Boston Globe reported this yesterday: "Automakers began 2008 expecting the worst year for U.S. auto sales in a decade. So far, they're getting what they anticipated. Sales dropped by double digits in March, even for usual stalwarts like Toyota. And with fragile consumer confidence, falling home values, tightening credit and high energy prices, it may be some time before auto sales recover. http://www.boston.com/business/articles/2008/04/01/us_auto_sales_fall_in_march/
Current sales figures indicate 1,000,000 fewer cars will be sold in the US in 2009 than last year and last year was one of the worst years in memory. http://www.boston.com/business/articles/2008/04/01/us_auto_sales_fall_in_march/ Continued sales reductions mean continued cutbacks, not growth , new jobs or new auto plants.
Remember 1 year ago, March 2008, GM sales figures were down 19% compared to March 2007, Ford's sales were down 14% over March 2007. http://articles.latimes.com/2008/apr/02/business/fi-carsales2 Chryslers sales were down 21.2% in March 2008 from March 2007. http://www.autoobserver.com/2008/03/march-car-sales-down-j-d-power-report-says.html .
Having a year in which year to prior year sales drop 40%, after a nearly 20% drop in the prior year, is horrific. There has been zero increase in auto sales – not a 25% increase – net auto sales are down 40%.
The March 2009 sales drop is twice as large as the sales drop in 2008. You may be asking, what did they base these incredible claims of increased car sales on – it is this – car sales increased from February to March. The fact is Car sales always increase from February to March. Car sales last year, one of the worst years for car sales in memory, still reflected an increased number of cars sold between February and March. The important or meaningful comparison is March 2008 to March 2009 sales numbers. By that measurement sales are down by almost 40%. As to car sales, the economic elevator has not even begun to slow, it is still acelerating. To misrepresent this number does a disservice to everyone. To claim that the data presents a picture of a recovering car market is false. Year to year sales are down 40%. In 2008 when sales were down 1/2 that amount the press described the drop as "falling of a cliff". Now that the sales drop is twice that large, it is being reported as signs of a turnaround. GM's sale decrease between January 2008 and Jaunuary 2009 was 49%. http://www.thetorquereport.com/2009/02/gm_sales_plunge_49_percent_for.html GM's auto sales in February 2009 were down 53.1% from February 2008. http://www.mlive.com/business/index.ssf/2009/03/auto_sales_continued_slide_gm.html These numbers are simply horrible. To suggest this paints a picture of a "recovery" or "turnaround" is dishonest.
Home Sales:
First, some related news, "Modified Mortgage Refinances Continue to Re-default", "US bank regulators continue to report escalating re-default rates on mortgage loan modifications. Data being assembled by bank regulators is showing a steady trend of rising month-over-month loan work-outs falling back into delinquency within six months." "One very troubling point is that, whether measured using 30-day or 60-day delinquencies, re-default rates increased each month and showed no signs of leveling off after six months or even eight months," John Dugan, head of the Office of the Comptroller of the Currency, said in a statement. Defaults rose consistently across all loan types, but subprime loans understandably had the highest re-default average." http://www.mortgageloan.com/modified-mortgage-refinances-continue-to-redefault-2743
Mortgage refinancing is up, but refinancing does not indicate an increase in home sales. Real estate investment purchasing is down 18.1% from a year prior. http://news.nationalrelocation.com/2008/03/
Last year (March 2008) existing home sales fell 19.1%. The median home price was $200,700, down 7.7% from March 2007. http://www.realtor.org/press_room/news_releases/2008/04/existing_home_sales_slip_in_march March 2009 home sales have declined 8.6% from last year. http://www.realestateabc.com/outlook.htm The median price of a home today is $170,3000. So despite a drop in price (Value) of the medican home by $30,000,(17%) sales continue to decline year to year. The percentage decrease is smaller this year, but I'm not sure that is a signal that the elevator is slowing. As mortgage defaults or forelcosures continue and as unemployment numbers continue to worsen, I don't know that a housing recovery can be predicted. What doesn't need to be predicted, it can be stated, Home Sales did not incease as reported, they decreased again, from March 2008 to March 2009. The decrease was by 8.6%. Home sales were said to be at "crisis" levels in March 2008 and we have a further reduction so far this year. While there is no need to panic, these numbers so no signs of a pending recovery. Claiming that home sales increased is a simple lie. The are down by 8.6%.
New home sales posted 331,000 seasonally adjusted annualized units in December. New home sales were off 13.9% from November's pace and 44.8% below the pace in December 2007. http://www.garealtor.com/ConsumerInformation/LeadingEconomicIndicators/tabid/394/Default.aspx
Meanwhile US banks experienced a 149% increase in bad loans in 2008. http://news.yahoo.com/s/ap/20090402/ap_on_bi_ge/world_markets
"banks face many risks in the coming months due to souring loans and investments which will impair capital through large credit writedowns. The central tenet of this site is that writedowns = reduced capital = reduced credit = reduced growth prospects." "Loan losses for U.S. commercial banks are expected to rise to 3 percent by the end of 2010, from 1.5 percent in the third quarter of 2008, hurt by an increased percentage of bad loans, greater consumer leverage and faster problem recognition by banks", " Loan losses might even surpass the 3.4 percent loss levels reached in 1934 during the Great Depression as the industry has taken on increased structural risk in addition to mortgages that should become more apparent during the cyclical slowdown" http://www.creditwritedowns.com/2009/01/deutsche-bank-loan-losses-will-double-in-2009.html
In it's Budget Plan the Obama Administration predicted that the recession would bottom out some time before year end 2009 or in a worse case scenario, in early in 2010. Unemployment levels were predicted to bottom out at 8.1%. This prediction was made 3 weeks ago, in early March 2009. http://seekingalpha.com/article/124458-obama-s-unemployment-forecast-much-too-rosy . Those predictions have already proved to be overly optimistic as the February unemployment numbers (released in March) indicated that the unemployment rate had, in fact, already hit 8.1%. http://www.bls.gov/news.release/empsit.nr0.htm An additional 651,000 jobs were lost in February 2009. Unemployment increased 1/2 a percentage point in February. Unemployment last year (February 2008) was 4.8%. Unemployment increased 60% in the 12 months between February 2008 & February 2009 . http://www.bls.gov/news.release/laus.nr0.htm
Preliminary unemployment numbers for March continue to be bleak. "There is no sign of even a temporary easing in the downward pressure on employment,"Ian Shepherdson, chief U.S. economist at High Frequency Economics, wrote in a client note. http://www.nydailynews.com/money/2009/03/19/2009-03-19_new_jobless_claims_fall_more_than_expect-2.html
Unemployment for March 2009 may hit 9%. The unemployment rate in March 2008 was 5.1%. Unemployment this March is almost twice as high. http://www.bls.gov/opub/ted/2008/apr/wk1/art01.htm
Economic Output
"Reports from the twelve Federal Reserve Districts suggest that national economic conditions deteriorated further during the reporting period of January through late February. Ten of the twelve reports indicated weaker conditions or declines in economic activity; the exceptions were Philadelphia and Chicago, which reported that their regional economies "remained weak." The deterioration was broad based, with only a few sectors such as basic food production and pharmaceuticals appearing to be exceptions. Looking ahead, contacts from various Districts rate the prospects for near-term improvement in economic conditions as poor, with a significant pickup not expected before late 2009 or early 2010. http://www.federalreserve.gov/fomc/beigebook/2009/20090304/FullReport.htm
"US economic output slumps." "The United States economy shrank at a rate of 3.8 per cent in the fourth financial quarter of 2008, formally plunging the country into recession, the US government has said. The figure marked a sharp drop compared to the third financial quarter, in which the growth rate fell by only 0.5 per cent, the commerce department said on Friday." http://english.aljazeera.net/news/americas/2009/01/20091301517711306.html , http://www.cbo.gov/ftpdocs/99xx/doc9957/01-07-Outlook.pdf
World growth is projected to fall to ½ percent in 2009, its lowest rate since World War II. Despite wide-ranging policy actions, financial strains remain acute, pulling down the real economy. http://www.imf.org/external/pubs/ft/weo/2009/update/01/index.htm
Economic Report: Industrial Production: US industrial production, output at the nation's factories, mines, and utilities, decreased a hefty 1.8% in the month of January, after falling a downwardly-revised 2.4% in December, according to the Federal Reserve. After declines in five of the last six months, production has decreased 10% in the past year, an astonishing number. The report was significantly below estimations, as economists were expecting a 1.5% decrease in output. Capacity utilization, a key gauge of inflationary pressures, fell to 72% from 73.6%. This is the lowest level since February 1983, and 9 percentage points below its average level from 1972 to 2007. Lower capacity usually leads to slower inflation, as producers compete with each other for work. http://alhambrainvestments.com/blog/2009/02/18/economic-report-industrial-production-3/
Global Business Cycle Indicators: Leading Economic Indicators declined in February. The weaknesses among the leading indicators have remained widespread in recent months. http://www.conference-board.org/economics/bci/pressRelease_output.cfm?cid=1
National Economic Update: "Recently released data indicate that the economic contraction has intensified at a pace associated with severe recessions. Two consecutive quarters of negative real growth, striking job losses and deep declines in both manufacturing and services output defined year-end 2008. While the economic outlook remains bleak for the first half of 2009, a few indicators suggest that the pace of contraction may slow in coming months." http://dallasfed.org/research/update-us/2009/0901.cfm The rate of contraction "maybe" slowing in the months ahead – not that the descent on the economic elevator to hell is slowing at this time.
Durable Good Orders Drop: Durable good orders also painted a grim outlook. "Demand for U.S.-made durable goods fell for the sixth straight month in January. Orders for durable goods such as PC's, planes, and washing machines fell 5.2% in January. Orders fell in every major sector". http://www.chartingstocks.net/2009/02/jobless-claims-jump-durable-good-orders-drop/ After a small uptick in February early indications for March are not good. For both the Philly and New York Fed manufacturing reports, the new orders index fell in both February and March. Both surveys have data for a given reference month that overlaps two actual months (the March report includes data from both late February and early March). http://gain.econoday.com/byshoweventfull.asp?fid=437975&cust=gain
The datum does not suggest the recovery has started, but the descent into hell maybe slowing. We are still descending, but not as quickly. Lets hope the policies being implement are the correct ones and we don't suddenly accelerate into oblivion. I, for one, doubt that we can spend our way out of recession or borrow our way out of debt.
Filed under: Auto Industry, Banking, Banking Crisis, Chrysler LLC, Economic Crisis, Economic Recovery, Economy, Financial Crisis, Financial Market Recovery, Financial Services Crisis, GM, Recession, Stock Market, Stock Market Recovery | Tagged: Economic Data Update, Economic Recovery, Has Recession Hit Bottom, Has The Recovery Started? | Leave a comment »


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Species In-Depth
At the Aquarium
Bluefin trevally swim in an exhibit in the Aquarium's Tropical Reef Gallery.
Geographic Distribution
Indo Pacific ocean, Australia, New South Wales and the eastern central Pacific from Mexico to Panama. They are also found in waters around islands off East Africa.
Adult bluefin trevally are both coastal and pelagic fish. They inhabit coastal waters of reefs and rocky islands, peaks of outside outer reefs, channels and lagoons, and open water up to 190 m (623 ft) in depth. Juveniles prefer shallow inshore waters as their nursery until they are large enough to brave the open ocean.
Physical Characteristics
Bluefin trevally have sleek streamlined, deep bodies designed for speed and agility. The head is slanted downward coming to a pointed snout. The entire body is an iridescent brassy, or gray color of brassy, with blue-black spots scattered on the mid to rear body. The second dorsal, caudal, and anal fins are an electric blue color, the source of their common name. The fins of juveniles are a pale to dusky blue color and they have yellow pectoral fins.
The size of these fish varies with the geographic region where they are found.The maximum reported length of this species is 1.2 m (3.8 ft) with a maximum weight of 43.5 kg (96 lb). Most trevallly are smaller.
They are opportunistic, voracious, and aggressive predators preying during the day, primarily on fishes such as sardines, anchovies, and small mackerel. They also eat, crabs, shrimp and squid. They will eat anything that is not to large for them too swallow. They launch themselves at their intended prey at high speeds and they are also ambush predators, attacking from hiding places.
Bluefin trevallies are broadcast spawners. External fertilization occurs in the open ocean usually from May to August. Females are multiple spawners laying eggs as often as every five days.
These fish are strong swimmers often traveling long distances in search of food. Although they are usually solitary animals, they can be found in pairs or small groups. They are aggressive fish, sometimes taking food out of the mouths of feeding sharks.
Trevallies use camouflage for added protection from predators and to hide from potential prey. Their blue color helps them blend in with the clear blue waters of their habitat. They also are countershaded with a dark dorsal side and a lighter colored ventral side. If a predator is looking down from above, the dark back of the trevally blends in with the dark ocean bottom, but if the predator is looking up from below, the lighter belly of the trevally blends in with the glare of the sun and the light coming from above water. Waiting in ambush to attack prey they can change their coloration to a darker hue.
This species is safe for now. They are a target of both commercial and recreation fishers. Sportfishers favor them because of their ability to give a good fight when hooked. Research is now being done to determine suitability for aquaculture.
Special Notes
Small trevally are edible; however, when they reach a length of about 0.5 m (1.6 ft), they may become toxic and if eaten, may cause ciguatera poisoning in humans.


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Sure, that could happen. I drove my car here for two years with California plates on it and had been pulled over for various thing in that time. Only one did I get a ticket and never was I asked about my plates. I paid close to $300 for California reg right before I moved and I wasn't about to pay another $200 plus the value tax on the car until someone made me.stretchride wrote:I get that you can legally plate your bike in SD and that it's cheaper and easier etc.beejaytee wrote: ↑Tue Feb 14, 2017 5:10 pmLike Mr paintballs said I played my 2011 crf450r in South Dakota without issue. It is very easy and much cheaper than going through MD. Cost about $85 in fees. If you or anyone wants details just PM me.
When it comes to the legality there are two things to consider. Most of the time you need to change a vehicle to the current state because your home state won't allow you to have an out of state address on your registration. SD allows you to do this because of how they classify the title. Therefore it is legally registered to a MD address with an SD title. Perfectly legal.
The second is a little less straight forward. In reality you can say the bike travels with you as you travel and in order to make it easy, you register it in SD to avoid having to reregister the bike every time you move.
My point was that if you're living in MD with it, you are required to title it here, and register it here if you wish to operate it on the street.
Don't get me wrong, I'm not preaching, I just posted because I didn't want guys to be misled and think they would never have a problem with it. Catch the wrong cop on the wrong day and you may regret it.
If it makes you nervous you can definitely get it registered here but it is expensive for something you will only be riding in the boonies once in a while between trails.
I wasn't sure if I would even ride on the road much when I did mine so I wanted a low barrier of entry to find out if I liked it.
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An 11-year-old girl set to graduate from elementary school later this month is paralyzed from the neck down after she was hit by a stray bullet when she walked out of her home in Brooklyn Friday night, and a 17-year-old boy has been arrested in connection with the shooting, relatives and police say.
Tayloni Mazyck's father said doctors told him it was too early to tell if the paralysis would be permanent.
Mazyck was waiting for her aunt outside her Bedford-Stuyvesant home around 8:30 p.m. when a gunman walking down the street opened fire at two men standing outside of another residence, police said.
A stray bullet pierced Mazyck's throat, ricocheting down her spine before lodging in her back, the girl's father says doctors told him.
Mazyck's father said she underwent surgery at a hospital Friday night, but the bullet remains in her back.
Mazyck is scheduled to graduate from fifth grade at P.S. 44 this month. Her family says she loves math.
"Why, why my little sister?" the victim's 15-year-old brother asked through tears Saturday. "Why the baby? It didn't have to be her. Without her I don't know where I would be. I love my little sister."
He had arrived home just moments after the ambulance whisked his wounded sister away.
Police say a surveillance camera captured an image of the suspect, who lives on the street where the shots were fired and was known to members of the NYPD anti-crime unit. They canvassed the area, spotted the suspect and took him into custody.
The teenager was arraigned Sunday on charges of attempted murder, assault, criminal use of a firearm and reckless endangerment. He remains in jail until his next court date on June 5.


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Here it is, from Sewz4fun (Denise from MN):
Isn't it great?! I have been struggling with the hearts theme, but Denise interpreted it perfectly ... considering that it can't be easy to make a hearts quilt for a guy and still make it not seem to feminine! The colors are beautiful and the quilting is so cool ... but my favorite part is the pieced binding. Oh, and the sleeve:
It's difficult to convey the quality of the craftsmanship through pictures, but I can honestly say that my first impression of this quilt was not so much the colors or the design (though I love both), but how well this little quilt was made. It feels solid and sturdy, with absolutely no flaws to speak of ... truly professional-level quality, in my humble little opinion.
Thanks so much, Denise! I am so lucky to receive this quilt and this little piece will be cherished in our home.
Now can somebody please help me learn how to say "no" to any more swaps??!! : )


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Paleo-Future Blog is now producing Paleo-Future TV, a new series about retrofuturism on film. In this latest installment, Paleo-Future blogmaster Matt Novak rounds up some of the best moments from Seventies "apocsploitation."
The shiny happy futurism of the 1950s gave way to much darker predictions for humanity in the 1970s. With energy crises, fears of terrorism and skyrocketing unemployment, it's really no wonder that Americans of the 1970s were often pessimistic about the future.
Out of this dread, the apocsploitation film was born.
Movies like Future Shock and The Late Great Planet Earth served up apocalyptic visions of the American future, both secular and religious. The second episode of paleofuture.tv looks at the doomsday documentary films of this era, which strangely enough all seemed to be hosted by Orson Welles. The production values in this episode still leave much to be desired, but I hope you enjoy it!
The Paleo-Future blog was started by Matt Novak in January of 2007. Matt has since become an accidental expert on past visions of the future, and has amassed an enormous library of media related to the study of retro-futurism. Matt can be reached at email@example.com or followed on Twitter.


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The great PDAC theme tune debate
On a couple of completely separate mail exchanges with trusted pals, a gentle debate as to what would be a good theme tune for PDAC has developed during the week. As I'm the only one among them with the totally unfair advantage of running a public blog, today IKN steals a march on them all and promotes its choice via this 41 second video:
If you've never seen this before it's fun to watch it the first time with the sound off, then turn it up and watch a second time. But do make sure it's not in range of sensitive ears when the sound's up (kids, your boss, etc).
It's now four months and seven days since the Doug Casey "Market To Crash NOW" call
On October 21st 2014 Casey Research published its emergency alert report, in which we were told (and we quote)...
"Now is the time to take action. Not in the next few months or even in the next few weeks—Right now."
The integral parts of the plan were the following:
1) Expect the broad markets to crash
2) Own gold as insurance
3) Go short the regional banks ETF (KRE)4) Go short on the Dow Trannies ETF (IYT)
And here's how those four are doing in the time elapsed:
1) The broad market hasn't collapsed. In fact it's reached new all-time highs.
2) Gold is three percent lower.
3) Shorting the regional banks? They're up 7%, bad idea.
4) Shorting the Dow Trannies? Ditto.
Remember this when you bump into Doug and his band of rip-off merchants at PDAC, wontcha?
UPDATE: Gary over at Biiwii adds a comment:
UPDATE: Gary over at Biiwii adds a comment:
"[W]hat IKN doesn't fail to understand is that these headline calls make some people emotional and get them in search of a remedy for that emotion, which the headline maker just happens to have handy"
Agreed. As IKN put it in this post dated September 2014, one month before his latest "Crash Now!" stupidity, "...the sideshow owners, snake oil salesmen and dream peddlers such as Doug Casey exist as a barrier to wealth. He's just another parasite getting rich off your fears by telling you what you want to hear and charging you money for the privilege".
The Friday OT: Todd Snider; Statistician's Blues
Dedicated to the brokerage analyst community:
It's just possible that Corvus Gold (KOR.v) has some news coming out soon
It's International Tower Hill deja vu all over again.
It's what happens when people's expert DD consists of, "But the company said it in the corporate presentation so it must be true". How they fall for the same BS time after time is beyond me.
UPDATE one hour before the close: Oh what weird and coincidental timing.
UPDATE one hour before the close: Oh what weird and coincidental timing.
Another copper market rip-off, but this time with a historical difference
I've been sent this picture by a couple of my fave mailpals this week and one of them sent over the translation, too. I don't know where they got it from, but it's definitely cool enough to share with the esteemed IKN audience so here we go.
Looks like the mining industry hasn't changed in, oh 3765 years. Apparently, the translated cuneiform says:
Tell Ea-nasir: Nanni sends the following message:When you came, you said to me as follows : "I will give Gimil-Sin (when he comes) fine quality copper ingots." You left then but you did not do what you promised me. You put ingots which were not good before my messenger (Sit-Sin) and said: "If you want to take them, take them; if you do not want to take them, go away!"What do you take me for, that you treat somebody like me with such contempt? I have sent as messengers gentlemen like ourselves to collect the bag with my money (deposited with you) but you have treated me with contempt by sending them back to me empty-handed several times, and that through enemy territory. Is there anyone among the merchants who trade with Telmun who has treated me in this way? You alone treat my messenger with contempt! On account of that one (trifling) mina of silver which I owe(?) you, you feel free to speak in such a way, while I have given to the palace on your behalf 1,080 pounds of copper, and umi-abum has likewise given 1,080 pounds of copper, apart from what we both have had written on a sealed tablet to be kept in the temple of Samas.How have you treated me for that copper? You have withheld my money bag from me in enemy territory; it is now up to you to restore (my money) to me in full.Take cognizance that (from now on) I will not accept here any copper from you that is not of fine quality. I shall (from now on) select and take the ingots individually in my own yard, and I shall exercise against you my right of rejection because you have treated me with contempt.
Chart of the day is...
Nisman's prosecution case against President Cristina Fernández de Kirchner is thrown out
The news from Argentina today is that the case prepared by now dead prosecutor Alberto Nisman against President CFK and members of her government has been thrown out by a judge, who stated there wasn't a shred of solid evidence worthy of bringing the case to court.
In light of today's development, this humble corner of cyberspace, which has been respectfully quiet while all sorts of conspiracy theories have been bandied about the intewebs, repeats its "logical and cogent suicide thesis for Alberto Nisman" that dates from one month ago, Jan 25th:
- There was some sort of emergency that got him to cut short his vacation with his daughter in Europe, hand over her charge to his ex-wife and bring him quickly back to Argentina in the days before his death.
- He was due to give evidence to support his accusations against the CFK government the day after his death, but his dossier had already been deposed and opened to authorities and judiciary (its contents are now being revealed, striptease-style, to the general public). As soon as it was available (three or four days before his death) there was immediate pushback from both pro-government and (relatively) neutral bodies who spotted false information and obvious contradictions in his version of events. One that's been widely reported is how Nisman claimed he had been given key evidence about supposed intelligence officers, but in fact (and in proven fact now) those people are not and have never been members of the intelligence services.
- So, let us imagine you have a less than perfect personal life. Let's also imagine you've been working under great pressure, in terms of workload and of psychological pressure from government enemies, for two years on a case you think shows major corruption in your current government (up to and including the President of your country). Let's imagine that things come to a head, you complete your work, you're satisfied with your job done, you hand in this national-level important case file...and then suddenly the whole thing blows up in your face because one of the most basic elements on which you based your argument is shown, with very little room for error, to be false. That, ladies and gentlemen, is years of work down the drain.
- And on top of that, in one day's time you have to go to the nation's Congress, stand up and defend your case and reiterate your accusations when you already know that the ground has been taken from under your feet and when the opponents ask you about the contradictions, you're going to flounder and fail in front of them. And your personal life is a mess.
I'm still not saying the above Is. What. Happened. But it still fits, which is a lot more than you can say about the vast majority of the evidence-free conspiracy theories around Nisman's death.
Banksy, Gaza, Kitten
On this link are pictures of four new pieces of work done by Banksy in Gaza. And this...
...ranks up with his best ever. Jeff Koons eat your heart out.
Gary T getting a little more bullish on gold, it seems
Gary over at Biiwii isn't your average chartist, that's because he has a brain and knows how to use it. He's not your permabull rah-rah goldbug and will give a bearish message straight up and undiluted if he sees it that way. He's not afraid of calling gold higher either, so put those together and he's a fine example of the type of attitude that fanboys and cheerleader gurus, both bear and bull, cannot handle. In short he's smart and honest, so when he starts getting warmer about gold's chances on the charts I pay close attention.
Check out his post today, "Okay gold bugs, the time is now". Well worth your eyeballs this morning.
Great Panther (GPL) (GPR.to) to buy Cangold (CLD.v): Err, call me stupid but...
...I'm sure there are laws against this kind of thing.
1) Great Panther is a CAD$0.75 stock.
2) Cangold (CLD.v) is a 5c stock. Not only that but it's currently at its lowest price ever.
3) That makes 1 GPR share worth 15 CLD shares, if my pocket calculator is working correctly today.
4) According to the terms of this deal, GPR issues one new share for every 20 CLD shares.
5) And here's the rub: These companies have three directors in common (yup, three; count 'em up girls and boys)
It's tough to pick out the highlight of this NR, but I'm going to go for this phrase...
"The Letter Agreement and the Loan were reviewed and approved by special committees consisting of independent directors of both Great Panther and Cangold."
....due to the sheer brass neck of it. Independent? Fucking liars. One of the central tenets of public companies is the fiduciary duty that a board of directors must have towards its shareholders. But Kaare Foy, Robert Archer and their cronies are too busy trying to stuff their own pockets to give a rat's ass about the minor details of things like morals or rules.
UPDATE: All the above was pre-open today, now it's post close and here's how Cangold (CLD.v) traded today:
Let that sink in: Big company makes a buyout offer for small company and as a result, small company drops 20%. If ever shareholders in Vancouver needed help from the BCSC for once, instead of just watching those toothless Canadian regulatory lackeys do nothing yet again while the retail investment community gets intercourse love up the anal tract from the crooks running juniors, it's today.
UPDATE: All the above was pre-open today, now it's post close and here's how Cangold (CLD.v) traded today:
- CLD.v is down 20% today on 1m+ volume.
- It's also down 33% from midday yesterday (ohhh, you mean somebody knew about the deal yesterday morning and deci...nah! Surely not!)
- And all while Great Panther (GPR.to) remained unchanged today.
Let that sink in: Big company makes a buyout offer for small company and as a result, small company drops 20%. If ever shareholders in Vancouver needed help from the BCSC for once, instead of just watching those toothless Canadian regulatory lackeys do nothing yet again while the retail investment community gets intercourse love up the anal tract from the crooks running juniors, it's today.
Copper: Happy New Year
It's the first real day of trading in China after the New Year festivities and...
...our oriental cousins are buyers.
Nevada Copper (NCU.to) drills 96 feet of tunnel at 5.9 feet per day
That's what this morning's NR...
Nevada Copper (NCU.to) drills 96 feet of tunnel at 5.9 feet per dayVANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb 26, 2015) - Nevada Copper Corp. (NCU.TO) ("Nevada Copper" or the "Company") is pleased to announce that it achieved a major milestone at its Pumpkin Hollow project by way of reaching the 1,900 foot main haulage level at its 24-foot diameter concrete-lined production sized shaft. continues here
...coupled with the last update on February 10th, implies. At this rate they could get this tunnel finished by March end after all. And with copper at $2.70/lb this morning, they might be able to break even on operations too. Winning.
Guerrero political risk update: Nyrstar news on February 18th and February 25th
On Feb 18th IKN brought you this:
Mining Company Faces Blackmail in Guerrero
Since November 13th last year a syndicate of transport workers has been blockading the entrances to the Campo Morado mine in Guerrero, property of the Belgian mining company Nyrstar.
And today Feb 25th, one week later, Nyrstar brings you this:
25 February 2015 Nyrstar NV ("Nyrstar" or the "Company") today announced that mining and milling activities at its Campo Morado mine located in the Mexican state of Guerrero have been temporarily suspended as a precaution due to deteriorating security in the state.
And all that to heap on top of Torex Gold (TXG.to) and its fun and games in Guerrero this year. But hey! Why not be contrarian? Why not be like Timmins Gold (TGD (TMM.to) and its bossman Bruce B? Why not buy into the Guerrero region instead of avoiding it?
Oh yeah, that why not.
I have a question about True Gold (TGM.v) at Karma
As of February 18th, True Gold (TGM.v) laid off 450 workers for a period of three months. Here's the press release that was published in French in Burkina Faso on the development on Sunday Feb 22nd. However, if you check over at the company website you'll see that the last news from TGM.v was on January 29th, at which point they were "in discussions", they were looking to resume construction and, in the words of TGM had honcho Mark O'Dea, "As soon as we can provide a definitive update on the timeline, we will".
So the question: Why did TGM.v tell the stakeholders in Burkina Faso about this, but decided not to tell the stakeholders who have invested in the company via the Canadian capital markets? I mean, isn't laying off your workers for three months kind of material? Seems to me there's more than a little mushroom politics about this.
PS: The other thing about the Burkina Faso only press release last Sunday. At the end it says...
PS: The other thing about the Burkina Faso only press release last Sunday. At the end it says...
Nous demandons respectueusement aux autorités et à toutes les parties prenantes de bien vouloir nous rencontrer dès que possible pour avancer le dialogue....which sure looks to me like there's been a big stoppage in the discussions recently. That's not the impression TGM.v has been giving to people outside of Burkina Faso.
Two days of First Majestic (AG) (FR.to)
Bottom line: I keep coming back to that initial reaction on seeing the news release numbers and before opening the Reg Fs: "could have been worse". It looks like the quarter when FR.to stops turning the corner and actually turned the corner instead of promising to without fully achieving it. The main concerns are 1) working cap position needs to improve as there's nothing big on the current liabilities side that can be booted forward and 2) production guidance for 2015 is a little less than I'd imagined (not mountains less, just a little), which means it'll need to mine what it mines efficiently.Notwithstanding gold's move under $1.2k this morning and what that does to the sector in general, the market shouldn't punish FR.to for these numbers, they're ok. If you're in, hold.
News demographics and buggy whips
During the morning trawl, I come across this report that tells us how since the (semi-disgraced?) news person Brian Williams of NBC took some sort of semi-retirement because he semi-lied, viewer figures had improved for the NBC news show under his substitute:
NBC's viewers aren't missing Brian Williams.
Its Nightly News, with substitute anchor Lester Holt, averaged a first-place 10.1 million viewers last week, a 416,000-viewer advantage over ABC's World News with David Muir that widened slightly from the previous week, the first full week after Williams' six-month suspension, when NBC claimed a 398,000-viewer advantage. ABC averaged 9.7 million last week, while the CBS Evening News with Scott Pelley, a perennial third-place finisher, netted 8.5 million.
Among the core audience of adults ages 25 to 54 that network newscasts sell to advertisers, ABC had a tiny edge last week, with 2.57 million viewers to NBC's 2.55 million, reversing the previous week's pecking order. (CBS had 2.03 million.)
Whole thing here, but read that excerpt again and take a good sniff at those numbers.
The USA has a population of 319m people.
There were a total 28.3m of viewers of the three nightly news shows.
About a quarter of those, 7.15m people, are the 25-54 range.
Bottom line: Stop caring about the Brian Williamses and whether they're liars or not right now. It's all over.
Chart of the day is...
...GLD vs GDX vs GDXJ vs SLV, 2015 year to date:
What grabs me about this chart, aside from the way the January bounce has faded and gold (GLD) is almost back to level zero on the year, is the way the majors are out-doing the juniors. You'd normally expect that the other way around, but the strong YTD performances in things such as NEM, AEm and even (whisper it softly) ABX are turning things upside down.
And that has to be about cost reductions in operations.
"Buy Allied Nevada (ANV)!!!", from the man who brought you "Buy Metanor (MTO.v)!!!"
Seriously, how much is Jay Taylor paid to promote these death spiral companies? From Stockwatch today:
Taylor says buy Allied Nevada2015-02-24 21:04 ET - In the News
Jay Taylor, in the Feb. 13, 2015, edition of Gold, Energy & Tech Stocks, says buy Allied Nevada Gold Corp., recently $1.21. Mr. Taylor said buy four times from Feb. 17, 2009, to June 21, 2011, at prices ranging from $6.16 to $31.61. He said sell on Sept. 20, 2011, at $44.85. Assuming a $1,000 investment for each buy, selling at $44.85 yielded a profit of $11,288. He said buy again on April 17, 2013, at $10.75 and on Jan. 16, 2014, at $4.60. A $1,000 investment for each of the two buys is now worth $375. Mr. Taylor recently talked to a major Allied Nevada shareholder who is "very well connected" with its goings-on. The shareholder claimed bafflement at the company's poor share performance given its ownership of one of the largest and most economic gold mines in Nevada, Hycroft. Mr. Taylor reckons that the malaise stems from the myth that Allied Nevada took on over $500-million in debt and got nothing in return. The company is undoubtedly indebted, says Mr. Taylor, but it used the money on projects that either have provided or will provide a substantial increase in production. "There is no way the household-name majors working in Nevada are not licking their chops over Allied Nevada," Mr. Taylor concludes. He has been buying.
Barcelona is the greatest footballing team in the world and Manuel Pellegrini needs to be fired from his job immediately
I've just watched the greatest footballing team in the world beat Manchester City, current champions of arguably the most competitive league in the world, by 2-1 in Man City's own stadium due to the stupidity of the home team manager, Manuel Pellegrini.
The word 'footballing' is specifically chosen.
Football (soccer, Association Football, footy, whatever you prefer) is not chess. In chess if you put Garry Kasparov or Magnus Carlsen up against good, seasoned, club-level chess players they will beat them every time, 1,000 times in 1,000 games, without even breaking sweat. But in football as in other team games, the weaker can beat the stronger. It won't happen very often, over time the cream rises to the top, but in individual games the "shock" can happen. Bradford City can beat Chelsea, Greece can win the European Championship, The Faroe Islands can beat Greece. The list of shock results is long and some of the upset games are legendary in their own rights. A good thing too.
The anatomy of a shock result is part of this equation. Sometimes the weaker team will rise to the occasion while the supposed stronger team takes its opponents for granted. Sometimes plain luck is involved. But in most cases the way a weaker team will beat a stronger one is by avoiding a straight fight, by setting its game to play around the better team, or to draw them in and try to beat them using swift counter-attack. The strategic methods are tried and tested and you don't have to look far in the past for a very good example, as the modest Malaga beat Barcelona 1-0 in Barcelona just last weekend by defending well and making the most of their only chance of the game (that came from a defensive mistake by Barcelona).
Which brings us to why Manchester City's manager, Manuel Pellegrini, deserves the sack at the end of this season. In the first 45 minutes of the game today Pellegrini set his team to play toe-to-toe straight football against Barcelona. Why he did so is up for debate but the strategy was clear from the first couple of minutes and for me his position had all the look of misplaced arrogance: "We're the home team, we're the English Premier League champions, we're going to run this football match, we'll meet you on equal terms and may the best footballing side win", was the proposal of Manchester City in the first 45 minutes of today's Champion's League game. For his own sweet reasons he decided that his Man City was at the same footballing level as Barcelona and should play them on a equal footing, rather than trying the various methods or tactics that exist to play around a superior team.
The result of this strategic decision was that Barcelona wiped the floor with Manchester City in the first half. It took Barcelona a couple of minutes to work out what was going on, but once they'd clicked that City had decided to play a straight, head-to-head footballing quality competition with them it was like watching kids on Christmas morning faced with a tower of gift-wrapped presents. The most talented team in the world were given free rein and City was played off their own very expensive park by Barsa; it wasn't even close.
The second 45 minutes were better for City. They came out with different tactics, scored a goal, rode their luck, Lionel Messi inexplicably missed a penalty (apart from that last minute event he was sensationally good) and it finished 2-1. Those are the parts of football that can be lumped under the general 'luck' category, but ultimately Man City and Manuel Pellegrini got away with a mere one goal defeat because during the break they swallowed their collective pride, recognized their collective footballing inferiority and changed strategy to play around Barcelona.
Barcelona is led by Lionel Messi but it's much more than just Messi, when on form there are no weak links. But rare are the moments when their opposition will let them play the way they can play this team game, when FC Barcelona can show its maximum footballing expression. Manchester City's manager, for 45 minutes this evening, was stupid enough to let them do just that. If he hadn't realized how stupid that was at the break it would have finished 5-0 or 6-0 so at least he's capable of seeing the error of his ways, but when you're paid X millions of dollars to be the cream of the world's football managerial crop you don't make the basic dumbass error Pellegrini made before the start of tonight's match.
This is why it's such a pleasure watching the current Barcelona, the Messi Barsa. Teams that elevate sport to levels that can touch art come once every semi-never, enjoy them while they last.
How technical analysis on the price of gold works
Gold TA works, it really does. It's just that it doesn't quite work the way most people think it does:
- First you get "Gold has to hold the important U$1,200/oz level" from the technical analysts.
- Then gold goes under U$1,200/oz, worrying the chartists.
- Then another self-appointed charting guru gives us "Critical area for gold U$1,198/oz" via Kitco.
- Then gold goes under $1,198/oz. Ditto.
- Then it spikes down a few dollars and that does it, they're shaken out of the metal by their chart readings and general neuroses.
- And once that's all done gold moves back up and over U$1,200/oz so that we normal people who buy when herds sell benefit from the TA dumbasses.
Keep them charts coming, guys. Keep 'em coming.
PS: Jabba the Hutt? You bet.
PS: Jabba the Hutt? You bet.
Gimme Shelter
My earworm this morning. Not a bad one at all.
And once you've done with that, check this out because it'll blow your socks off. The three minute clip of Merry Clayton from the documentary '20 Feet From Stardom', about backing singers for famous singers and bands. The best bit of the documentary by far, it features Merry (and Mick) giving a little background on how the track was laid down and then, oh wow, the spine-chilling Merry Clayton part on its own.
If you haven't seen this, see this today.
Regarding Starcore International (SAM.to)
Let us be clear as a church steeple bell ringing out over a village green on a crisp winter's morning about this disclosure: I'm long Starcore Intl (SAM.to), I went long after reco'ing the stock on January 10th 2015, then added some more a couple of weeks later. I'm long SAM.to because it was my idea of a good value high-risk-high-reward tinycap play, one that would do very well if gold decides to move modestly higher (it doesn't need the stupidhigh targets, $1.3k would do nicely to begin with), though I'm 100% clear about the risks in buying tinyprice juniors and you should be too. I was long before it bought the Creston assets in the disposal sale. My cost average is 12c so I sit today on the right side of the trade, I'm a happy holder and would like the stock to go higher. End of disclosure.
What with some guy called Eric Sprott buying nearly 15% of shares in a block trade last week (the news out yesterday on that) it's suddenly caught a few people's attention. Last Sunday in IKN302 we reviewed the SAM.to 2q15 production results just published and noodled on what they might mean, as well as considering the impact of the Creston purchase. We did the pretty coloured charts, chewed over this'n'that and came to a conclusion. Just before the conclusion came this, a list of positives and negatives as I see them around SAM.to today:
The negatives
- The quarter just gone wasn't great. It wasn't bad, but production was on the light side and they're not going to wow the market when the financials get printed on this one.
- Financially speaking, at current gold prices it's basically a breakeven company. One quarter might be a small net loss, another a small net profit, but without a significant rise in the gold price it's going to tread water.
- It's small and ignored by the world.
- If gold drops substantially, it will start returning net losses that can eat into its cash position and threaten corporate stability.
The positives
- It's cheap. At around $20m market cap you get a small producing gold miner that runs its operations with positive free cash flow.
- Its balance sheet position is strong and there's no liquidity problems as long as the gold price doesn't fall to bits on us.
- The recent purchase of the Creston Moly assets could become a latent winner. Come the time of a sector revival, assets such as these get revalued and SAM.to's bargain basement purchase would look very smart indeed
- The fact that it can tread water at current gold prices means that it's one you can bide your time with. The risk is gold going lower, but if gold moves higher (and hey, I say it will) it will move SAM.to into significant profits, no matter if a quarter comes in light. For example, $1,300/oz gold adds at least $0.5m to revenues.
- With this type of small producer, it only takes one quarter when mined mineralization grades go higher in a certain spot for a big production difference to happen. When that shows up so do profits and SAM.to has already shown it's willing to share in net profits.
- Last year's dividend payment could be repeated, for example at July 2015 year-end. SAM.to popped higher on the news in 2014 (from ~15.5c to ~22c, a 42% upmove). With just over 151m shares out, a 1c dividend would take a managable $1.5m from treasury and in the event of better gold prices, a 2c dividend would cost $3m.
The only one of those that I might change is the "small and ignored" now that Sprott has shone his media-attention-making light on the company. But only maybe, because that effect isn't going to last for so very long.
Bottom line: I've been dubious about Sprott's investment theories many times, particularly his bad reading of silver and what it is (and isn't) over the years. But he's got this one right and has zeroed in on a small producing gold miner that's run well, financially solid and capable of good gains.
Your humble scribe finds himself in agreement with Eric Sprott...
...for a change. We're both long this tinycap now. Not only that but we're in at the same price, 12c.
He's got more than me, though
Kind of a slow day...
...for a change. Markets quiet, newsflow is Monday-ish, the juniors aren't going to give many news releases this week to laugh at (they're saving them all for "PDAC Monday" next week) and there's not even any decent hatemail arriving for my personal entertainment. I must be slipping. It all points to the only smart solution: Get out the office, take the day off, find a coffee house, read a book in the corner. Hasta mañana, damas y caballeros.
First Majestic (FR.to) (AG) 4q14 results (updated)
Right here. The bullets are...
Q4 Highlights
- Silver equivalent production of 4.2 million ounces, representing a 24% increase compared Q4 2013.
- Silver production of 3.1 million ounces, representing a 12% increase compared to Q4 2013.
- All-in Sustaining costs of $14.43 per payable silver ounce, representing a significant 27% reduction compared to the prior quarter.
- Revenues after smelting and refining costs amounted to $72.5 million, representing a 23% increase compared to Q4 2013.
- Adjusted net earnings (non-GAAP) normalized for non-cash items was $4.2 million or $0.04 per share.
- Cash flow from operations of $21.1 million or $0.18 per share (non-GAAP).
- Non-cash impairment charge of $102.0 million related to certain non-current assets at specific mines resulting in a net loss of $64.6 million in Q4 2014.
$102m impairment...frankly it could have been worse.
More thoughts:
- Working cap is tighter than I expected. They say they're addressing this, which is good because they darned well need to.
- The more I look at the $102m write down, the less it worries me. Overall book value is now more reasonable compared to operations.
- For the Q4 quarter's operations, revenues at $72.5m were slightly lighter than expected, cash flow was fine, but mine operating earnings was thinner than expected. The deprec/deplet/amort line item came in higher than my model (which means my model was stupid, not that FR was bad). Overall I'm ok with the Q4 operations because cash costs are obviously dropping (at last) and cash flow was strong enough.
- Costs guidance for 2015 is good, with AISC forecast between $13.96 and $15.48 per ounce. Then again, FR.to couldn't keep to its costs guidance in 2014. They said it'd be $15.87 to $16.69, it turned out to be $17.71.
Bottom line: I keep coming back to that initial reaction on seeing the news release numbers and before opening the Reg Fs: "could have been worse". It looks like the quarter when FR.to stops turning the corner and actually turned the corner instead of promising to without fully achieving it. The main concerns are 1) working cap position needs to improve as there's nothing big on the current liabilities side that can be booted forward and 2) production guidance for 2015 is a little less than I'd imagined (not mountains less, just a little), which means it'll need to mine what it mines efficiently.
Notwithstanding gold's move under $1.2k this morning and what that does to the sector in general, the market shouldn't punish FR.to for these numbers, they're ok. If you're in, hold.
UPDATE 2, half an hour after the opening bell: Your humble scribe notices that the US listed stock AG was sold down at the open to U$5.27 before immediately bouncing back (currently trading at U$5.47 and 48). Without putting too fine a point on it, that's exactly why we run these pre-open snap looks at company financial reports. Opportunity knocks.
Barrick (ABX) at Lumwana
Last week as part of its year-end results announcement, Barrick (ABX) told us it was putting its Lumwana mine on care and maintenance. Today we have this from Reuters:
Feb 23 (Reuters) - Over 2,000 unionised workers at the Lumwana copper mine owned by Barrick Gold Corp. downed tools on Monday demanding an explanation of their fate when the company closes the operation, a senior government official said.
In other words, no need for the company to shut things, the workers are doing it all by themselves.
Weird thing, this capitalism.
The IKN Weekly, out now
IKN302 has just been sent to subscribers. A robust blend of a pre-PDAC edition that mainly takes a look at the results of a couple of covered companies, but covers all the various bits and pieces as usual. Za vashe zdorovie.
Labels: otto, the IKN weekly
Sunday verse: There are birds here, by Jamaal May
The reason I have The Poetry Foundation's 'Poem of the Day' feature on my RSS is that I get to read a whole range of things, some known and revisited, some that I wouldn't come across otherwise. Jamaal May (short biog here) wrote this in 2014 and it falls into the latter category.
Yes it's poetry but don't be afraid of the word baggage there, it's a short, easily digested and thought-provoking read. A good place to put your brain on this pleasant and sunny Sunday morning.
There Are Birds Here
There are birds here,so many birds hereis what I was trying to saywhen they said those birds were metaphorsfor what is trappedbetween buildingsand buildings. No.The birds are hereto root around for breadthe girl's hands tearand toss like confetti. No,I don't mean the bread is torn like cotton,I said confetti, and nonot the confettia tank can make of a building.I mean the confettia boy can't stop smiling aboutand no his smile isn't muchlike a skeleton at all. And nohis neighborhood is not like a war zone.I am trying to sayhis neighborhoodis as tattered and featheredas anything else,as shadow pierced by sunand light partedby shadow-dance as anything else,but they won't stop sayinghow lovely the ruins,how ruined the lovelychildren must be in that birdless city.
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Victor a. Syrnev-The Sunshine The Brooch
At Design Interviews
(Excerpt) Interview with Victor A. Syrnev : Frank Scott: What is the main principle, idea and inspiration behind your design?. Victor A. Syrnev : Presented to the jury work brooch "Ray of the Sun" , is part of the " Emperor Nicholas Romanov - Russia , the Urals, Destiny ." Project - this art event - show featuring unique jewelry and objects created for the 400th anniversary of the Romanov dynasty in Russia. Actually, all that was connected with the family of Emperor Nicholas II and was the inspiration behind the design. Each of the jobs created just 25 ornaments and objects , specifically addressed to the representative of the family of Nicholas II , or an important event in the life of a family , or is associated with historical events in Russia and the Urals. .Frank Scott: What has been your main focus in designing this work? Especially what did you want to achieve?. Victor A. Syrnev : Brooch «Sunshine» devoted to the youngest daughter of Emperor Nicholas II - Anastasia. It is known that ... It was so much fun and so was able to disperse the wrinkles of anyone who was not in the spirit of some of the surrounding steel, recalling the nickname given to her mother at the English court, calling her «Sunshine» ... (From the book "The Emperor Nicholas II and his family, "Pierre Gilliard). On the basis of this text was based design development and selection of stones that can translate into the language of verbal image of jewelry. .Frank Scott: What are your future plans for this award winning design?. Victor A. Syrnev : Hopefully, high score, which the jury gave these works will attract attention and interest to the collection. .Frank Scott: How long did it take you to design this particular concept?. Victor A. Syrnev : The very idea appeared in 2011. To implement it were necessary materials such as precise selection of stones and grinding them such that it took almost two years. May 15, 2013 the first performance of the collection at the Kyrgyz National Museum of Art in Bishkek. .Frank Scott: Why did you design this particular concept? Was this design commissioned or did you decide to pursuit an inspiration?. Victor A. Syrnev : The chosen theme and images of real people shaped my understanding of the visual language of the future objects and ornaments. It is these images and were masterminded. .Frank Scott: Is your design being produced or used by another company, or do you plan to sell or lease the production rights or do you intent to produce your work yourself?. Victor A. Syrnev : It is a single, unique collection. I think what - that ideas used in its creation, can get their further development. But in what form it will all be implemented, is difficult to say. .Frank Scott: What made you design this particular type of work?. Victor A. Syrnev : It is difficult to say. .Frank Scott: Where there any other designs and/or designers that helped the influence the design of your work?. Victor A. Syrnev : Collection connected with the fate of the family of Emperor Nicholas II, who , in turn, was the main customer items of jewelry Carl Faberge. It is known that Carl Faberge used in his works and colored stones of the Urals , and beautiful gems . When creating this collection was necessary to use the stones that can pass the desired situation and completely original grinding stones to emphasize the high status of the recipient. With this brilliantly coped grinders gems Bernd and Tom Munshtaynery (Germany) . .Frank Scott: What sets this design apart from other similar or resembling concepts?. Victor A. Syrnev : You should look on it, and then you ubderstand. .Frank Scott: How did you come up with the name for this design? What does it mean?. Victor A. Syrnev : Since brooch addressed Princess Anastasia, which close call «Sunshine», then brooch bears that name «Sunshine». .Frank Scott: Which design tools did you use when you were working on this project?. Victor A. Syrnev : A lot of. .Frank Scott: What is the most unique aspect of your design?. Victor A. Syrnev : The entire collection consists of 25 ornaments and objects that are addressed completely different people, different age and social position. So every item compl.[ End of Excerpt: Read complete interview with Victor A. Syrnev on The Sunshine The Brooch at design-interviews.com ]
Victor a. Syrnev-The Sunshine The Brooch Images:
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To the Editor:
A controversy is brewing at the state Capitol on whether to end or severely restrict mining of silica sand because of the potential environmental concerns.
These concerns have been inflamed by a Hollywood propaganda film "Promised Land," filled with misleading information. The film claims, among other things, that families in Pennsylvania had their groundwater contaminated because of "fracking" for natural gas.
February is here, and I thought I would give you some of the highlights of the school year thus far.
With about four months to go in the school year, we look forward to the many success stories that will happen. Things at GSL are going great, and we have lots to be proud of.
During the recent visit from the commissioner of education, we had an opportunity to show her firsthand how great GSL is.
Copyright 2012-2016 McLeod Publishing, Inc. | 716 East 10th Street | P.O. Box 188 | Glencoe, Minnesota 55336 | (320) 864-5518


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Kerry: Syria's Chemical Arms Use `Moral Obscenity'
Secretary of State John Kerry says chemical weapons were used in Syria and is accusing President Bashar Assad of destroying evidence.
Ratcheting up criticism of Syria's alleged chemical weapons use, Kerry called last week's attack a "moral obscenity'' that should shock the conscience of the world.
He says the U.S. has additional information about the attack and will make it public in the days ahead.
Kerry says shelling the affected area afterward was not the action of a government trying to cooperate with U.N. investigators trying to assess what happened.
The alleged chemical weapons attack on Aug. 21 that killed hundreds has moved the U.S. closer to military action against Syria than at any point during the bloody civil war.
Syrian President Bashar Assad has denied launching a chemical attack.


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HMBIM Course Tour #2
Aug 13, 2013
Has 2 weeks passed already? Wow, time is flying by and so are the training miles (hopefully)! With 2 weeks passing we're due for another Coastside Running Club sponsored HMBIM Course Tour. Lace up those trainers and come out to run with a great group of Coastal locals.
Starting this tour I'm asking that everyone register for the FREE event. Logistically this allows me to plan properly to get everyone the tour they deserve.
When: Saturday August 17th at 9:00 AM
Where: 371 Princeton Ave. Half Moon Bay, CA. (outside EQ Fitness the HMBIM fitness sponsor)
Registration (FREE): http://halfmoonbayimcoursetours.brownpapertickets.com/ (email email@example.com if unaccessable)
Who: HMBIM registered runners and friends.
Availability: Limited to first 30 runners.
Your Hosts:
Franz Dill (HMBIM Assistant RD & Director of Training)
Members of the Coastside Running Club
Members of the Sunday Run Group
The Goal:
The HMBIM Course Tours' goal is to bring runners out to the HMBIM course to share some pre-race excitement, develop running friendships, and get a feel for the course. This has been a highlight of the HMBIM in year's past. Leave your tempo training and race pace runs for another day and settle into Conversational Pace (CP) and enjoy some Coastside miles with new friends.
Distances / Course:
This Saturday's distances will be 12, 10, and 8 miles first covering a portion of the Southern course (all distances) then rounding out the mileage on the Northern part of the course (marathon only). Maps will be posted later in the week.
Fluids and Food:
This is a self supported run so bring your favorite food and drink (during and post run). There is water access along the route. Remeber to train with the HMBIM on-course sports drink provider Cliff.
Post Run:
A favorite impromptu place to eat afterwards is the Half Moon Bay Brewing Company just around the corner.
Questions?: Email me at email@example.com
See You Saturday!
Franz Dill, HMBIM Assistant RD & Director of Training
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Jax & Bones Textured Linen Lounge Bed Callen Earl Grey
Designed like a sofa, the Jax & Bones Textured Linen Lounge Bed is guaranteed to provide snooze-worthy comfort. Bolstered side and center pillow unzip for easy maintenance and is overstuffed with our hypo-allergenic green fiber. This bed is constructed using heavyweight linen. This fabric hides dirt well and is very durable. Easy to care for and gets softer with each wash. Hides dirt and hair and can be vacuumed
- Size
- Outer Measurements
- Inner Measurements
- Fits
- 24 x 18 x 7"
- 17 x 11"
- Up to 15 lbs
- 32 x 27 x 10"
- 24 x 18"
- Up to 45 lbs
- 39 x 32 x 10"
- 29 x 23"
- Up to 70 lbs
- 48 x 40 x 12"
- 36" x 30"
- Up to 110 lbs
Every Jax & Bones bed is stuffed with Jax & Bones' signature filler Sustainafill® made from recycled soda bottles.
Jax and Bones bedding and fabric accessories are 100% handmade in the USA. Each product is inspected at every step in the production process and before packing and shipping.
Care Instructions
Machine wash cover, cold water. Line dry or tumble dry low. Do not bleach. Do not wash inserts, spot clean only.
Shipping & Returns
All Jax & Bones bedding are made to order. Please allow about 7 - 10 business days for production. Fabric availability may change.
Due to sanitary concerns, dog beds cannot be returned once slept on. For our full bed return policy, click here.
Only users who bought product can write review.


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Hillary Clinton supporters will get a chance to see the hit musical "Hamilton" if they're willing to pay prices that are breathtaking even by Broadway standards.
Tickets for a special matinee July 12 to benefit her campaign start at $2,700 each, while $10,000 will get a "premium seat" that includes a photo session with Clinton.
The campaign website says that for $100,000, people can get a deal that includes two premium seats, a "wrap party" with Clinton "and other special guests" plus other benefits.
U.S. & World
Clinton is also raffling off a ticket to see the coveted show with the former secretary of state. Clinton's campaign will cover hotel and travel for the supporter who wins the lucky ticket. A raffle entry costs a $1 donation to the campaign.
The hip-hop-flavored biography about the first U.S. treasury secretary is the hardest ticket to get on Broadway, even at a record $849 for a premium ticket and even higher prices in a thriving black market.
"Hamilton" won 11 Tony Awards, including best musical.


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Latest COVID-19 precautionary measures taken by Fisher & Paykel. Find out more
Fisher & Paykel Built-in Ovens are designed for a range of cooking styles, with generous capacity, high performance and a full range of functions including pyrolytic self-cleaning. The elegant styling perfectly matches the rest of our co-ordinated kitchen family.
Check with your local retailer for pricing, availability and stock of this model. The product dimensions and specifications in this page apply to the specific product and model. Under our policy of continuous improvement, these dimensions and specifications may change at any time. You should therefore check with your retailer or Fisher & Paykel's Customer Care Centre to ensure this page correctly describes the model currently available.


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NH lawmakers take up Medicaid expansion question; Senate GOP leaders want more private options
CONCORD, N.H. (AP) � State Rep. Marjorie Porter sympathizes with people who would benefit from New Hampshire expanding Medicaid because she still owes medical bills from the four years when she was uninsured.
"It was very difficult to get the care I needed," said Porter, a Democrat from Hillsborough.
After much angst, a special panel is poised to issue a report Tuesday recommending that New Hampshire add an estimated 49,000 poor adults to the state's Medicaid program.
But the panel's vote is far from the final word on a subject that next enters the give and take of political legislative wrangling between Democrats, who favor expansion, and Republicans, who want much greater use of private insurance than the panel is recommending.
Tom Bunnell, policy consultant for the nonprofit Voices for Health, said that while politicians debate expansion, the people who would benefit will continue to seek care from clinics and hospital emergency rooms.
"I don't think there's any other choice for people," said Bunnell, whose group advocates for access to affordable care.
Porter said she knows what it's like not to have a regular doctor to oversee her asthma treatment. She said clinics sometimes told her to go instead to a hospital emergency room for treatment. In July, she finally got coverage through her husband's retirement plan and could afford to have a pulmonary test done that otherwise would have cost her several thousand dollars. The test led to better treatment of her chronic illness.
"I couldn't have done that before," she said.
State Sen. Nancy Stiles, a Hampton Republican who brokered a deal with Democrats to move forward with expansion, won support for expanding the program to poor adults if those with jobs are required to keep their employer's insurance when it's cheaper. That requirement will require a federal waiver that Stiles and others believe will be approved.
Stiles said it's better to expand Medicaid now and broaden the use of private insurance later.
But that idea faces tough scrutiny by Senate Republicans, who narrowly control the chamber. Senate Republican Leader Jeb Bradley said New Hampshire should seek a federal waiver that allows a variety of private insurance options, not just the one Stiles and the panel recommend.
Bradley said last week that GOP Senate leaders are reaching out to Democratic Gov. Maggie Hassan to find common ground and are encouraged so far.
The panel is expected to sign off on a plan Tuesday that urges the Legislature to meet in special session this fall and authorize the expansion beginning Jan. 1. The recommendation is for expansion only if the federal government lets New Hampshire mandate a person staying on an employer's private insurance plan when it is cheaper than the Medicaid option.
The panel backs a second voluntary option to give people assistance to buy private insurance through the new online markets central to President Barack Obama's health care overhaul law. Senate Republicans support that idea.
Expansion would add adults under age 65 who earn up to 138 percent of federal poverty guidelines to Medicaid. That would apply to a single adult earning about $15,000 a year and a family of four earning $32,500 annually. New Hampshire's current Medicaid program covers low-income children, parents with nondisabled children under 18, pregnant women, the elderly and people with disabilities.
If New Hampshire expands Medicaid as part of the law, the federal government would pick up the full cost for the first three years and 90 percent over the long haul. The panel recommends requiring reauthorization of the expansion if the federal government reduces its support.