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Introductions to Python Testing Frameworks
- unittest introduction
- nose introduction
- pytest introduction
- Read all of these and more in epub, mobi, or pdf
- doctest introduction
Don't miss out on new content!
Subscribe to receive updates as soon as they are published!
- Test First Programming / Test First Development
- My reaction to "Is TDD Dead?"
- Writing software is like nothing else (PT006)
- The Waterfall Model and "Managing the Development of Large Software Systems" (PT007)
- nose introduction
- nose fixture reference
- Run a single test class with unittest, nosetests, py.test
- nose support for unittest style fixtures
- pytest introduction
- Run a single test class with unittest, nosetests, py.test
- pytest debug print logging in real time
- pytest full support for unittest fixtures
- The power of "Thank You"
- pytest fixtures – part 1
- pytest xUnit style fixtures – part 2
- pytest fixtures easy example – part 3
- pytest fixtures nuts and bolts – part 4
- pytest session scoped fixtures
- unittest introduction
- Run a single test class with unittest, nosetests, py.test
- unittest fixture syntax and flow reference
- What happens when unittest fixtures fail
- Perhaps unittest is wrong, and tearDown should always run
Python language, tools, utilities
- for pip proxy, use dev instead of 1.3.1
- I'm annoyed with Python's ternary operator
- regex search and replace example scripts
- tip: interactive python from cygwin when using windows python install
- Sublime Text block/column copy/paste
- Block cursor in ST3
The markdown project (used in some of the examples in posts)
- Why Markdown
- Markdown.py requirements
- Stub for markdown.py
- Markdown.py on github
- Markdown.py passes first 3 tests
- pytest-expect A pytest plugin that allows multiple failures per test without stopping execution.


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"Wearables and Soft Goods" is a final year emphasis within the Product Design Department.
Faculty blog
Justine Limpus Parish, fashion designer, illustrator, educator, author, and adjunct associate professor at ACCD, blogs about her own artwork, student work, and writing about fashion, costume and apparel art. Illustration by Justine Limpus Parish
Getting started
The Art Center College of Design library has a large collection of materials relating to fashion. To get started on the subject, you may wish to consult the following:
The complete costume history : from ancient times to the 19th century
Call Number: REF 391.009 R121c 2006
Fashion : a history from the 18th to the 20th century
Call Number: 746.9209 F248 2005 v.1-2
Fashion since 1900 : the complete sourcebook
Call Number: 391.00904 P356f 2007
100 years of fashion illustration
Call Number: 741.6720904 B629 2007
The big book of fashion illustration
Call Number: 741.672 D269b 2007
A survey of historic costume
Call Number: 391.009 T712 1989
More suggestions
Click on the links to browse the catalog using subject headings:
- Costume history
- Textiles
- Sewing
- Eco fashion
- Fashion drawing
- Fashion design
- Clothing history
- Fashion photography
Browse the shelves using these call numbers:

subset: commoncrawl


text:
Overlord: D-Day and the Battle for Normandy
Item Description
On June 6, 1944, the American and British armies staged the greatest amphibious landing history to being Operation Overlord, the battle for the liberation of Europe. Despite the Allies' absolute command of sea and air and vast firepower, it took ten weeks of fierce fighting for them to overpower the tenacious, superbly skilled German army. Now, forty years later, British war correspondent and military historian Max Hastings has drawn on many interviews and newly available documents to construct a dense, dramatic portrait of the Normady invasion that overturns the traditional legends.
Product Details
- Author: Max Hastings
- Publication Date: 1984-06-06
- Publisher: Simon & Schuster
- Product Group: Book
- Manufacturer: Simon & Schuster
- Binding: Hardcover, 368 pages
- Brand: Simon & Schuster
- Features:
- Great product!
- Package Dimensions:
- Dimensions: 930L x 610W x 120H
- Weight: 110
- List Price: $17.45


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November 28, 2015
by Melissa Brunner
This is National Influenza Vaccination Week! If you haven't gotten a shot yet, it's not too late. Flu cases typically don't peak until February, so we have a lot of time left to be holding the bugs at bay!
In our Thursday To Your Health segment, we'll be talking about another reason a flu vaccine is a good idea - it could protect your heart. A recent study of people over the age of 40 who had risk factors for heart disease showed a 19% lower rate of heart attack in those who had received a flu vaccination. Take that finding to heart.
In addition to the vaccine, you can also keep yourself safe by washing your hands frequently and covering your coughs. An article on Yahoo! today from Eating Well magazine mentioned a few other things you might try, including Vitamin D and green tea. They also called out a couple things that aren't all they're cracked up to be. Here's a link to the story so you can see what those are: http://shine.yahoo.com/channel/health/how-to-fight-colds-and-flu-what-works-and-what-doesn-t-2415849/
What are your tricks for staying healthy? Here's hoping they work!
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This photo is protected by copyright. All rights reserved.
Love this pic,great capture.
Cheers J, much appreciated. It was a lucky one, I was trying to pan after a gull with the tele when the shot above just jumped out of the viewfinder.
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Huntington's Damien Jiggetts is prep athlete of the week after rushing for 210 yards and three touchdowns in a 24-20 win against Woodlawn in Week 10.
- Filed Under
Huntington senior Damien Jiggetts helped set the standard for Louisiana high school running backs this season.
He entered the Raiders' regular-season finale against Woodlawn as the top rusher in north Louisiana and the No. 3 yardage leader in the state.
But he saved one of his most dazzling performances for last, earning The Times prep athlete of week honors after leading Huntington to a win against Woodlawn to finish the regular season. ...


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- Filed Under
? The Long-Term Recovery Group of Northern Colorado needs volunteers now to assist families that were affected by recent forest fires, especially the High Park and Woodland Hills fires. Volunteers will help at the Case Management Office at 215 E. Foothills Parkway, Suite 1EB, Fort Collins (in strip mall north of Macy's) by answering phones and scheduling client appointments. A background check is required for all volunteers. Four-hour shifts are available 9 a.m. to 1 p.m., or 1-5 p.m., Monday through Friday. Contact Greg Ketchum at (970) 646-8711 or ltrgcasemanagement @gmail.com.
? Disabled Resource Services needs volunteers by Monday to assist in painting the exterior of a home. Contact Gail Barrera at (970) 449-6978 or gailbarrera7@gmail. com.
? Poudre River Public Library District needs volunteers to help with Can Your Fines, a food drive for the Food Bank of Larimer County through Sunday. Food collectors are needed at all three libraries for two-hour shifts collecting food and giving out $1-off overdue fine coupons. Training is provided. Food transporters are needed in the evenings to move boxed food from Harmony Library and Council Tree Library to Old Town Library. Contact Barbara Crandall at (970) 224-6183 or firstname.lastname@example.com.
? Disabled Resource Services needs volunteer help for Colorado's first anual Disability Grassroots Fest from noon to 6:30 p.m.Saturday. The event includes a parade, free concert, free parking, food and drink, and a keynote speaker, Temple Grandin. Volunteers will work in two- to three-hour shifts on a variety of jobs. Contact Gail Barrera at (970) 449-6978 or firstname.lastname@example.com.
? 9Health Fair - Family Fall Fair needs volunteers Saturday to assist with medical and nonmedical tasks, including blood draws, screenings, registration, donations and more. Shifts are available 7 a.m to -noon. Contact Shawntel Wilson at (970) 225-4860, ext. 8043 or visit www.9HealthFair.org.
? Fort Collins Audubon Society needs volunteers Saturday for the Northern Colorado Birding Fair. Volunteers will help children decorate milk carton birdhouses. Two-hour shifts from 7 a.m. to 2 p.m. Volunteers aged 12+. Contact Joann Thomas at (97) 482-7125 or firstname.lastname@example.com.
? The Loveland Safe Routes to School program needs volunteers to assist with "Walk To School Day" from 7 to 9 a.m. Tuesday. Volunteers will help lead and supervise groups of students and parents on a coordinated walking route to their school, which promotes healthy and safe habits for children. Contact Shelley Aschenbrenner at (970) 962-2558 or email@example.com.
? Cooking Matters, a nutrition and cooking education program for low-income families, needs volunteer Chef Educators in Estes Park beginning Tuesday for a six-week course on Tuesday nights from 6 to 8 p.m. Training and instructor guide with set recipes will be provided. Volunteers should have professional or practical experience teaching basic cooking skills. Contact Nora Testerman at (970) 330-3608 or ntesterman@ cahec.org.
? The Rehabilitation and Visiting Nurses Association needs volunteers in the month of October to help clients complete paperwork and streamline vaccination queuing. Contact Sheri Wayman at (970) 225-9399 or sheriwayman@rvna. info.
? Alternatives to Violence needs volunteers Monday to attend victim advocate training. Victim advocates work with victims of violent crimes to support them emotionally, safety plan with them, and provide dresources. Advocates must be 21 years old and complete a background check. Contact Alyse Friedel at (970) 669-5150 or email@example.com or visitwww.alternativestoviolence.org.
? The city of Fort Collins Healthy Homes Program needs volunteers to participate in a training program to conduct free, in-home air quality assessments. Training will be conducted in seven sessions beginning Tuesday. Contact Mary Pat Aardrup at (970) 416-2832 or mpaardup@ fcgov.com.
? Women's Resource Center needs teen and adult volunteers for Flamingo Flocking on Oct. 6-24. Volunteers will deliver flamingos to specific locations on scheduled dates during this three-week period. Three-hour shifts will be scheduled. This is a fun and interactive community opportunity. Contact Jennifer Hahnke (970) 407-7039 or jhahnke@womens -resource.org.
? Ten Thousand Villages needs volunteers to attend a volunteer orientation on Oct. 9-23 to learn about opportunities greeting customers, assisting with retail sales, and displaying/stocking merchandise. Contact (970) 224-9501 or fortcollins@tenthousand villages.com.
? Homelessness Prevention Initiative (HPI) needs volunteer Table Hosts Oct. 11 for their Second Annual Gourmet Soup Supper Celebration. Volunteers will check in attendees, provide them with their table assignment and show them to their table as needed. Shifts are 5-6:30 p.m. (set up) and 7:45-8:30 p.m. (tear down). Volunteers may stay for the meal and event. Contact Kelly Burwell at (970) 407-7068 or firstname.lastname@example.com.
? Team Fort Collins needs a volunteer prior to Oct. 11 to help prepare for its annual Celebration Breakfast. A volunteer is needed to help wash out bottles that will be used as the center pieces. This project will take two to three hours and can be done from your own home. Contact Ashley Kasprzak at (970) 224-9931 or email@example.com.
Volunteer opportunities are provided by the United Way of Larimer County. For more information, visit www.uwaylc.org.


text:
Modern Muse
Modern Muse
Eau De Parfum
by Estee Lauder
100% Authentic
Item #
Free Shipping in U.S. (orders over $59.00)
- Design House: Estee Lauder
- Fragrance Notes: mandarin orange, lily, patchouli, musk, amber wood
- Year Introduced: 2013
No reviews written for this product
A dear friend purchased a Modern Muse gift set for me a year back. I LOVE it. It is a crisp and clean mature scent without being overpowering. I wear it to work and do not find it cloying or intrusive to co-workers.
Written by Evelyn on January 18, 2015


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Wednesday 25 November 2015 | Blog Feed | All feeds
Picture the scene: you're sat next to a man – it's always a man – at a dinner party. He has a new phone. He's delighted with it and the chance to tell you all about its features. This man is...
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text:
Need A Creative Solution? Go For A Walk, Says Science
Need a creative solution? New research from Stanford supports the notion that going for a stroll can do wonders for certain types of mental roadblocks.
Editor's Note: This story is part of 5 Habits Changes You Can Actually Make In 2015. Check out the full list here.
As far as we know, there is no specific magic formula for unleashing creativity, no carefully guarded secret sauce. But there are ways to open up the pipes leading to the harder-to-access corners of your imagination, allowing you to better diagnose potential pratfalls and look past environmental limitations. Mental Drano, if you will.
Some methods are a bit counterintuitive: Being sleepy can purportedly make you more creative, and the same goes for having a messy desk. Now new research from Stanford supports one of the more time-tested methods for drumming up new ideas—going for a walk.
Marily Oppezzo, a doctoral graduate in education psychology, and Daniel Schwartz, a professor at the Stanford Graduate School of Education, found that walking—whether you're indoors or outdoors—is good for giving the brain a dose of inspiration. We've known for some time that a little aerobic respiration is great for tapping a deeper state of mind; Haruki Murakami, for example, says running or swimming every day is non-negotiable whenever he's writing a novel.
Oppezzo and Schwartz, on the other hand, were most interested in modality. More specifically they wanted to find out whether the change of setting helps get the creative juices flowing, or whether it is the act of moving your legs itself. They designed a set of four experiments to test a variety of real-world scenarios: walking outdoors (a method favored by Silicon Valley types like Mark Zuckerberg and Jack Dorsey), walking on a treadmill while facing a boring wall, sitting at a desk, etc. Then, they had subjects take a "divergent thinking" creativity test, which entailed thinking up alternate uses on a given subject. The more novel or original the solution conjured up—i.e., did anyone else in the group come up with the same answer?— the better.
In this case researchers were amazed to find that, when it came to walking, there was little difference between going for a stroll around campus or walking on a machine. Compared to sitting, walking in any form was shown to boost creativity by some 60%—even when subjects sat down at a desk afterward. "I thought walking outside would blow everything out of the water," said Oppezzo, "but walking on a treadmill in a small, boring room still had strong results, which surprised me."
While walking was shown to be a boon for creative brainstorming, it wasn't beneficial at all for the kind of thinking that required a single, non-negotiable answer. (Perhaps finding that especially tricky line of code, or pinpointing a missing variable. That said, it's still a good idea to unshackle yourself from your desk every hour.) "We're not saying walking can turn you into Michelangelo," said Oppezzo. "But it could help you at the beginning stages of creativity."
[Image: Flickr user Patrik Jones]
Add New Comment
4 Comments
Marily Oppezzo should look into this in more detail. Others have also done similar studies. Many ideas come up while doing various things. Taking a shower also increases creativity. "Intentional creativity", i.e., sitting down with the intention of being creative, is less effective. And other commenters are right: this has been known for a long time.
I came across a podcast, titled "8 Ways to Ignite Creativity", produced by Tristan Laurillard. The podcast consists of interviews with artists and musicians on methods to stimulating creativity. If this topic intrigues you, here is the link to listen:
Taking a walk may be common knowledge but having research that supports it is rare. A simple idea that leads to big change and even bigger ideas. Short and sweet, thanks Chris!
No way. This is news? Einstein was doing this years ago. So was Beethoven. I can't believe Fast Company wasted their time writing the obvious.


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Over the years we have researched and experimented with many products that claim to do EVERYTHING you need in any situation is simply not the case.
We have narrowed the field down to a few products the will fill most of your needs. We will work with you to determine what software and processes you need to deal efficiently with converting and working with your documents, from paper to your computer. In some cases we may offer a product for sale, in other cases we will make recommendations on what you should buy and help you find it.
The Partners listed on this page are companies we have worked with over the last 10 years. We have put millions of records through these products and would not hesitate to recommend the one which meets your needs.
Please feel free to browse the pages we have here and the pages of the respective Partners we have listed. Each link will open their page in a new window. Don't hesitate to call or email us with any questions you might have about them or their products.


text:
Home > ID Card Printer > ID Card Printer > Datacard SP35 > SP35CUSBIAT
by Datacard
Description:Datacard SP35 Color Printer with Magnetic Stripe Encoder.
Please call for pricing and information
The part number SP35CUSBIAT is associated with the Datacard SP35.
For more information on the Datacard SP35 click here
This is a id card printer from Datacard.
For a full product description, including specs, support and warranty details and additional models of the Datacard SP35 please click here.
For additional id card printers please visit our id card printer page.


text: Dh and were discussing that maybe Adam is the start of the human evolution. Perhaps Adam was the first one to evolve and since he is 400 years old - he could have spread his swimmers/genes all over the planet - thus is the "Father" of all of those that have evolved (convenient that his name is "Adam"!) Also since Adam was in Japan - it could easily be concluded that he could be the great-great-great-great-great grandfather of Hiro!


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Feb 11, 2011 11:19 AM
Simple and sexy yet utterly playful with lace and ties in a pretty pink shade.
Victoria's Secret Lace Romper ($38)
If you've got a product or service that you'd like to promote on Outblush, click here to find out about our advertising opportunities.
Outblush is a blog for girls who love to shop. Our staff digs up the best clothes, home stuff, beauty items, and more. New items are posted every day — bookmark us, sign up for email updates, grab our RSS feed, and check out:


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Studying for the LSAT / Re: Whats the Flaw?« on: November 09, 2007, 03:59:54 PM »
Considering this was a parallel flaw question and other AC's besides TCR show the same converse fallacy (A and B), you need the second flaw of Alicia's knowledge vs. bank rules to answer it correctly. In fact, the prompt quite clearly asks for both.
Cliffs Notes: Listen to Jeffort.
Cliffs Notes: Listen to Jeffort.


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Xbox 360 and PlayStation 3 owners can now download the new Resident Evil 6 demo from Xbox LIVE and PlayStation Store.
Capcom's newly-released game demo allows players to experience first-hand content from the game's three main campaigns that can be played either solo or partnering up via online co-op.
Playing as either Leon S. Kennedy or Helena Harper, players will explore the dark corridors and moonlit grounds of Ivy University, which is swarming with the victims of the latest bioterrorist attack. The action in Jake's mission switches to the neon-lit streets of Lanshiang as he and Sherry Berkin fight off the new J'avo enemies, including their fully mutated forms. Jake's special hand-to-hand combat moves and Sherry's stun baton are pivotal in their struggle to stay alive. Showcasing the global setting in Resident Evil 6, Chris Redfield and Piers Nivans head with fellow BSAA team members to the war-ravaged streets of Edonia. The amassed J'avo forces provide a stiff enough challenge, but that's before the three-story high B.O.W. Ogroman crashes the party. Players who select Piers will have at their disposal a slightly different weapons loadout than Chris, which includes a sniper rifle with thermal scope.
Resident Evil 6 will release on Xbox 360 and PlayStation 3 across Europe and North America on October 2. A PC version will follow soon. The game has been rated "M for Mature" by the ESRB.


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MINNEAPOLIS — Yoenis Cespedes knew how to pace himself in this rain-delayed home run derby, drawn out further by a new format.
The Oakland Athletics outfielder simply trusted his own strength.
Cespedes became the first repeat winner of the All-Star skills contest in 15 years, powering his way past Cincinnati's Todd Frazier 9-1 in the final round Monday night.
Ken Griffey Jr. took the title in 1998 and 1999.
With a serious, determined look on his face the whole time, Cespedes finished with 28 homers. That was four fewer than last year, when he beat Washington's Bryce Harper 9-8 in the final round.
The 28-year-old Cuban even told Athletics teammate Josh Donaldson he was doing this wrong.
"I knew he wasn't going to win because his mentality was to take the ball out of the stadium, and I told him that is not the way you win this competition," Cespedes said through an interpreter.
He added: "I'm somebody who's very conscious of the power that I have. So I don't need to put more of a swing or more of an effort in order to hit a home run. I just have to look for a good pitch and put a good swing on it, and it usually takes care of it."
Cespedes saved his best for last, a 452-foot blast to the third deck above left field that officially measured as the longest of the night. A's third base coach Mike Gallego again pitched to Cespedes, who went deep 32 times in last year's derby at Citi Field in New York. Gallego's arm looked nearly out of gas by the final round, which started after 10:30 p.m. local time.
"Maybe next year I'll put up a better showing at the end," Frazier said. "Now that I understand, maybe I'll do a couple of more push-ups."


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November 30, 2015
SAN DIEGO (AP) - San Diego police say a car has accidentally struck an injured three people at a local farmers market, including a 70-year-old man who suffered a broken leg.
Sgt. Garry Collins two other people were bumped by the car and had only minor injuries but all three were taken to the hospital.
Collins says a driver was trying to leave the parking area of a Pacific Beach farmers market at about 10:40 a.m. Saturday when he had a problem working the clutch on an uphill grade. Collins says the car lurched forward at slow speed and hit pedestrians.
The 40-year-old driver was not cited.
(Copyright 2008 by The Associated Press. All Rights Reserved.)
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|Comparative studies on various modes of classification of morphology of sperm heads and results in in vitro fertilization--a preliminary report.
MedLine Citation:
|PMID: 7538735 Owner: NLM Status: MEDLINE
|In a retrospective blind study, Papanicolaou's stained semen smears of the husbands of 105 patients who took part in the in vitro fertilization/embryo transfer (IVF/ET) program of the Department of Gynecology and Obstetrics at the Heinrich Heine University Düsseldorf in 1991, were evaluated for the rates of normal sperm heads. The patients were divided into three groups according to the results of the IVF/ET: A = no fertilized egg; B = only fertilization, no pregnancy; C = pregnancy/birth. Four different categories of the sperm heads' morphology were defined: 1) 'Ideally' normal heads (normal size, relations width to length 2/3 to 3/5, acrosomal region > or = 40 < or = 70%); 2) Normal heads with only minor deviations from the 'ideally' normal form, strictly excluding spermatozoa with inhomogeneously stained acrosomal or pointed post-acrosomal regions; 3) Sperm heads with major alterations which are nevertheless widely considered as still normal in the literature; 4) Heads which are generally accepted as pathologically formed. It could be shown that the application of the strict criteria in the categories 1 plus 2 lead to significant differences not only between the IVF/ET groups A and B or C, but also between the groups B and C.
|N Hofmann; B Hilscher; B Mörchen; H C Schuppe; P Bielfeld
Related Documents :
|12514075 - Outcomes for vasovasostomy with bilateral intravasal azoospermia.
14998955 - The results of 154 icsi cycles using surgically retrieved sperm from azoospermic men.
9800675 - Controlled ovarian hyperstimulation and intrauterine insemination in subfertility. how ...
17615445 - Premature capacitation of frozen-thawed spermatozoa from subfertile japanese black cattle.
20101635 - Sonographic assessment of fetal spine and head position during the first and second sta...
15901265 - Histologic placental lesions in women with recurrent preterm delivery.
Publication Detail:
|Type: Comparative Study; Journal Article
Journal Detail:
|Title: Andrologia Volume: 27 ISSN: 0303-4569 ISO Abbreviation: Andrologia Publication Date: 1995 Jan-Feb
Date Detail:
|Created Date: 1995-06-20 Completed Date: 1995-06-20 Revised Date: 2006-11-15
Medline Journal Info:
|Nlm Unique ID: 0423506 Medline TA: Andrologia Country: GERMANY
Other Details:
|Languages: eng Pagination: 19-23 Citation Subset: IM
|Department of Dermatology, Heinrich Heine University, Düsseldorf, Germany.
Export Citation:
|APA/MLA Format Download EndNote Download BibTex
|MeSH Terms
Embryo Transfer
Fertilization in Vitro*
Retrospective Studies
Sperm Head / classification, ultrastructure*
Spermatozoa / abnormalities
Staining and Labeling
From MEDLINE®/PubMed®, a database of the U.S. National Library of Medicine
Previous Document: Cathepsin B in angiogenesis of human prostate: an immunohistochemical and immunoelectron microscopic...
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(402): View more from Nebraska
Sorry you had to see that, but on the bright side...at least I trust you enough to have sex in front of you
Tap Here to view the Mobile Optimized TFLN
Sorry you had to see that, but on the bright side...at least I trust you enough to have sex in front of you
i just opened a seperate checking account to keep track of how much i make and spend on our keggers
The doctor said 'youre the 2nd youngest person that ive seen with this condition. Thats probably not the silver medal you were looking for today.'
Apparently she held up my head the entire 40 minutes, convincing the cab driver that I was okay
My wrist bandage is guacamole stained. What an accurate representation of my life as a whole
You are writing your college essay comparing yourself to Lady Gaga, Vladimir Putin, and Dale Earnhardt Jr. and you are worried about the conclusion sounding cheesy?
oh, it's pms. I almost cried yesterday bc my roommates didn't seem perky enough when I got home.
I just got my inseam measured in raffle tickets by a drag queen. Being fondled for charity is awesome.
She's the hottest girl I've ever seen before and didn't lose her virginity until she was 19. As men, I take it as failure on our part that hot 19 year old virgins still exist.
just ran into my gynecologist at the liquor store... i think she's found the source of my problems
and she was grinding on the wall, purring at guys she liked at the pregame...
He asked if I wanted to leave my bra on while we were doing it from behind bc he read somewhere that all that pounding can be painful for big breasts. THAT thoughtful.
she was handing out condoms w/ her number on them...
How long can I microwave pasta with a 20 percent alcohol content?
I've never had a better reason to do blow of a Pittsburgh strippers ass than to try and keep pace with my dad.


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Pousada Maura
Posada Maura is a colonial style house of 1850 and has been hosting guests from all over the world for 50 years. The hostel is located just 5 blocks from the historic downtown of Guadalajara.
The atmosphere of this hostel is comfortable, pleasant and calm. We offer single and twin rooms.
The hostel also has a dining room and a common area when you can relax and meet other travellers. We also offer laundry service and a barbeque area.
Very near to the hostel you'll find all the kind of services you could need to make the most of your stay in Guadalajara: banks, bus stops, pawn shops, airport and consulates are close due to the location of the house.
If single you need a quarter or place to pass the night we have spaces for sleepings, besides to count on complete general bath, towels and paper. Greater information please to send an email (the prices are very economic).
Payment method: MXP in cash
And by courtesy of the house:
1 continental breakfast per person on the first day of your hosting.
Disponibilidad y preciosPara ver la disponibilidad y los precios, selecciona las fechas y pincha "Actualizar fechas"
Instalaciones & Políticas de Albergue
- Recepción 24 horas
- Barbacoa
- Estacionamiento de bicicletas
- La tarjeta de crédito no ha sido aceptada
- Acceso gratuito a Internet
- Wifi gratuito
- Duchas de agua caliente
- Cocina
- Mostrador de excursiones
- Alquiler de toallas
- Toallas incluidas
Política de cancelaciónEsta propiedad cuenta con una política de cancelación de 1 días. Si no se realiza la cancelación dentro de ese plazo se aplicará un recargo de anulación igual a la primera noche de tu estancia.
IndicacionesMostrar mapaOcultar mapa
if it wishes it it can obtain a map of the exact location of the house in the section of 'more pictures'. Located in the section of photos.
From the airport of Guadalajara Jalisco you can take special buses that arrive at the 'Old Bus station' (located in R. Michel Avenue and Los Angeles Street). Once there it is necessary to walk 4 blocks towards the downtown to arrive at Posada Maura.
Also the bus route #176 that leaves the airport and later to lower in La Paz Avenue and the Avenue 16 september, our hostel is very near, just 1 block crossing the Independence Roadway.
Contact us and we can send you a map detailing the exact site of our location as well as all the bus routes that you can take.
If single you need a quarter or place to pass the night we have spaces for sleepings, besides to count on complete general bath, towels and paper. Greater information please to send an email (the prices are very economic)


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10 Monday AM Reads
by Barry Ritholtz - May 12th, 2014, 10:00am
Good Monday morning. Start your week with these morning reads:
• Just How Dumb Are Investors (MoneyBeat)
• The Small-cap Divergence (The Irrelevant Investor) but see No reason for these stock market jitters (Reuters)
• Embarrassment of riches for pension funds. (WSJ)
• 'It was the point where the eurozone could have explode' (FT)
Category: Financial Press
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.
14 Responses to "10 Monday AM Reads"
RW says:
Twenty Questions Tim Geithner's "Stress Test" Should Answer About His Tenure at the Treasury
1. Why was the "Rubin Question" not asked? Why didn't every meeting end with: "What do we need to do today in order to create room to maneuver in case our assessment of the economy is wrong?"? …
2. Why did the Treasury's loans to banks via the TARP come with neither bankruptcy-control rights …nor shareholder-control rights …?
3. Why was the Treasury's first priority in January 2009 not filling the post of Director of the FHFA with somebody smart who understood …the housing finance crisis's role in causing and maintaining the catastrophe, and the potential macroeconomic benefits to be gained from resolving the housing finance crisis?
4. Why …?
NB: My own take is that Geithner was a technician in over his head WRT macro-policy and either didn't know it — Peter Principle, Dunning-Kruger effect, whatever — or unwilling to ask his superior to stop asking him for advice; i.e., Obama shouldn't have been looking to him as an economic policy authority in the first place.
Others have commented on Obama's curious preference for Rubinistas as economic advisers — Christina Romer excepted but he apparently didn't listen to her anyway — and corporate lawyers for legal counsel to say nothing of the preference for working through mis- or mal-managed institutions rather than intervening directly but I have this suspicion that Obama and most of his advisers had internalized a version of the Reagan mantra and didn't really believe, as FDR clearly once did, that government had both the authority and the ability to massively and successfully intervene when called upon to do so.
The real message of most of these "post-crisis" apologia seems to boil down to attempted explanations for why that call never came.
willid3 says:
i thought was created in 2008? but i suspect that the reason that O has been so very tentative in economics is that a lot of his advisers had no real idea what to do. and had to no real faith that if they did any thing at all, that it would fail, and paint them as failures. why he kept them is a different question. but you do hire folks who are suppose to be experts and then you have to listen to them. since no one person can be an expert on all things.
rd says:
For close to 20 years, the economic advisors to the White House for both parties have had one firm mission since Rubin and Summers. Their mission has been to ensure that the financial sector is deregulated and the opportunity for the top dogs in the financial sector to maximize profits is developed and maintained. That was Geithner's job at the Fed and Treasury.
Since many of the obvious responses to the financial crisis would have violated this mission, it was clear that they needed to avoid them even if the effectiveness of avoiding them was questionable. As a result, the advisors made sure that any actions for the financial sector when it was on life support would have minimal strings attached with the promise of no investigations or prosecutions, since any of these would be "destabilizing" unlike the activities that occurred prior to the ifnancial crisis.
Bob is still unemployed says:
Who would have thunk that Google is building a package delivery company?
Google Shipping Express Expands to Manhattan (theepochtimes.com)
rd says:
The best argument yet in support of the carried-interest loophole: Apparently billionaires who got much of their wealth through the carreid interest tax rate, become all philanthropical and donate money to save the Washington Monument. Without the carried interest rate tax rate, the United States could not have afforded to fix it.
DeDude says:
On the Koch brother story about fighting with their own pet invention of Tea Partiers I don't think anybody could be surprised. Solar panels on your rooftop is a classic libertarian "independence" (small government) item and obviously in conflict with the Koch's personal interest. The Koch's are also in conflict with the "national security" conservatives on this one, since we would be much better off with decentralized energy production where every home and business produce a substantial % of their own energy needs. Interesting thing is that the more these energy companies push against personal solar with solar and gird connection fees (and some of those are legit), the quicker we will develop complete off grid personal systems, allowing people to cut the cord and leave corporate energy out in the dark. If environmental groups phrased solar as "personal energy independence" then they could hook up with Tea Partiers to the benefit of all.
rd says:
Interesting headline here: "Why Millenials are Hurting the Real Estate Recovery?"
I would put this headline up there with "Why are Deer Ribcages Damaging Bullets?"
The message is clear. Millenials are Un-American and are refusing to do their duty to maintain the economy in the style to which it has become accustomed. The unwillingness to take on even more debt on top of their student loans is unconscionable. Agter all, everybody knows that buying homes is the essential step to wealth – just because their parents lost their house to foreclosure is no reason why they should not step up and do their duty.
willid3 says:
yep nothing to see here move on. its not like there was a major change in how their world looked to them is it? i mean after all entry level jobs are now extremely plentiful and they have been able to pay off those student loans early right? and of course the average house hold income has been sky rocketing in the last year right?
so why are they just sitting on all that money now?
willid3 says:
climate change?\
willid3 says:
hm, companies are cutting R&D ?
another short term take?
willid3 says:
is all of these prioritization mantra thing driven by private greed and political cowardice? and here i thought we were a much richer much bigger country than we were back in the 1950s when they started work on the interstates.
Jojo says:
Too funny. This is like the old Spy vs. Spy cartoon from Mad magazine…
Glenn Greenwald: how the NSA tampers with US-made internet routers
The NSA has been covertly implanting interception tools in US servers heading overseas – even though the US government has warned against using Chinese technology for the same reasons, says Glenn Greenwald, in an extract from his new book about the Snowden affair, No Place to Hide
The Guardian, Monday 12 May 2014
For years, the US government loudly warned the world that Chinese routers and other internet devices pose a "threat" because they are built with backdoor surveillance functionality that gives the Chinese government the ability to spy on anyone using them. Yet what the NSA's documents show is that Americans have been engaged in precisely the activity that the US accused the Chinese of doing.
willid3 says:
why was the housing crash worse than than the tech one?
willid3 says:
we would never see this in the US now would we?
executives giving back bonuses when the business is struggling
also of note
it totals for about 40 executives $9.8 million dollars. and its about 30-35% of their total pay
now why is it we have to pay our executives so much again?
seems like the cost of living is higher in Japan than in the US


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Dec 12, 2012 10:00 AM
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Ben Bernanke Speaks - Live Webcast
The Chairman is about to take the lectern to discuss bank structure and competition at the SIFI conference at the Chicago Fed. His prepared remarks are likely to be a little less exciting than the Q&A where the world will be watching for the words "buy, buy, buy", "mission accomplished", or "taper". Charles Evans will be his lead out man. Finally, since Bernanke will be discussing shadow banking, or the source of some $30 trillion in shadow money always ignored by Keynesians, Monetarists and Magic Money Tree (MMT) growers, a topic we have discussed over the past three years, here is the TBAC's own summary on how Modern Money really works.
Full prepared text follows:
Monitoring the Financial System
We are now more than four years beyond the most intense phase of the financial crisis, but its legacy remains. Our economy has not yet fully regained the jobs lost in the recession that accompanied the financial near collapse. And our financial system--despite significant healing over the past four years--continues to struggle with the economic, legal, and reputational consequences of the events of 2007 to 2009.
The crisis also engendered major shifts in financial regulatory policy and practice. Not since the Great Depression have we seen such extensive changes in financial regulation as those codified in the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) in the United States and, internationally, in the Basel III Accord and a range of other initiatives. This new regulatory framework is still under construction, but the Federal Reserve has already made significant changes to how it conceptualizes and carries out both its regulatory and supervisory role and its responsibility to foster financial stability.
In my remarks today I will discuss the Federal Reserve's efforts in an area that typically gets less attention than the writing and implementation of new rules--namely, our ongoing monitoring of the financial system. Of course, the Fed has always paid close attention to financial markets, for both regulatory and monetary policy purposes. However, in recent years, we have both greatly increased the resources we devote to monitoring and taken a more systematic and intensive approach, led by our Office of Financial Stability Policy and Research and drawing on substantial resources from across the Federal Reserve System. This monitoring informs the policy decisions of both the Federal Reserve Board and the Federal Open Market Committee as well as our work with other agencies.
The step-up in our monitoring is motivated importantly by a shift in financial regulation and supervision toward a more macroprudential, or systemic, approach, supplementing our traditional microprudential perspective focused primarily on the health of individual institutions and markets. In the spirit of this more systemic approach to oversight, the Dodd-Frank Act created the Financial Stability Oversight Council (FSOC), which is comprised of the heads of a number of federal and state regulatory agencies. The FSOC has fostered greater interaction among financial regulatory agencies as well as a sense of common responsibility for overall financial stability. Council members regularly discuss risks to financial stability and produce an annual report, which reviews potential risks and recommends ways to mitigate them.1 The Federal Reserve's broad-based monitoring efforts have been essential for promoting a close and well-informed collaboration with other FSOC members.
A Focus on Vulnerabilities
Ongoing monitoring of the financial system is vital to the macroprudential approach to regulation. Systemic risks can only be defused if they are first identified. That said, it is reasonable to ask whether systemic risks can in fact be reliably identified in advance; after all, neither the Federal Reserve nor economists in general predicted the past crisis. To respond to this point, I will distinguish, as I have elsewhere, between triggers and vulnerabilities.2 The triggers of any crisis are the particular events that touch off the crisis--the proximate causes, if you will. For the 2007-09 crisis, a prominent trigger was the losses suffered by holders of subprime mortgages. In contrast, the vulnerabilities associated with a crisis are preexisting features of the financial system that amplify and propagate the initial shocks. Examples of vulnerabilities include high levels of leverage, maturity transformation, interconnectedness, and complexity, all of which have the potential to magnify shocks to the financial system. Absent vulnerabilities, triggers might produce sizable losses to certain firms, investors, or asset classes but would generally not lead to full-blown financial crises; the collapse of the relatively small market for subprime mortgages, for example, would not have been nearly as consequential without preexisting fragilities in securitization practices and short-term funding markets which greatly increased its impact. Of course, monitoring can and does attempt to identify potential triggers--indications of an asset bubble, for example--but shocks of one kind or another are inevitable, so identifying and addressing vulnerabilities is key to ensuring that the financial system overall is robust. Moreover, attempts to address specific vulnerabilities can be supplemented by broader measures--such as requiring banks to hold more capital and liquidity--that make the system more resilient to a range of shocks.
Two other related points motivate our increased monitoring. The first is that the financial system is dynamic and evolving not only because of innovation and the changing needs of the economy, but also because financial activities tend to migrate from more-regulated to less-regulated sectors. An innovative feature of the Dodd-Frank Act is that it includes mechanisms to permit the regulatory system, at least in some circumstances, to adapt to such changes. For example, the act gives the FSOC powers to designate systemically important institutions, market utilities, and activities for additional oversight. Such designation is essentially a determination that an institution or activity creates or exacerbates a vulnerability of the financial system, a determination that can only be made with comprehensive monitoring and analysis.
The second motivation for more intensive monitoring is the apparent tendency for financial market participants to take greater risks when macro conditions are relatively stable. Indeed, it may be that prolonged economic stability is a double-edged sword. To be sure, a favorable overall environment reduces credit risk and strengthens balance sheets, all else being equal, but it could also reduce the incentives for market participants to take reasonable precautions, which may lead in turn to a buildup of financial vulnerabilities. Probably our best defense against complacency during extended periods of calm is careful monitoring for signs of emerging vulnerabilities and, where appropriate, the development of macroprudential and other policy tools that can be used to address them.
The Federal Reserve's Financial Stability Monitoring Program
So, what specifically does the Federal Reserve monitor? In the remainder of my remarks, I'll highlight and discuss four components of the financial system that are among those we follow most closely: systemically important financial institutions (SIFIs), shadow banking, asset markets, and the nonfinancial sector.3
Systemically Important Financial Institutions
SIFIs are financial firms whose distress or failure has the potential to create broader financial instability sufficient to inflict meaningful damage on the real economy. SIFIs tend to be large, but size is not the only factor used to determine whether a firm is systemically important; other factors include the firm's interconnectedness with the rest of the financial system, the complexity and opacity of its operations, the nature and extent of its risk-taking, its use of leverage, its reliance on short-term wholesale funding, and the extent of its cross-border operations. Under the Dodd-Frank Act, the largest bank holding companies are treated as SIFIs; in addition, as I mentioned, the act gives the FSOC the power to designate individual nonbank financial companies as systemically important. This designation process is under way.
Dodd-Frank also establishes a framework for subjecting SIFIs to comprehensive supervisory oversight and enhanced prudential standards. For all such companies, the Federal Reserve will have access to confidential supervisory information and will monitor standard indicators such as regulatory capital, leverage, and funding mix. However, some of these measures, such as regulatory capital ratios, tend to be backward looking and thus may be slow to flag unexpected, rapid changes in the condition of a firm. Accordingly, we supplement the more standard measures with other types of information.
One valuable source of supplementary information is stress testing. Regular, comprehensive stress tests are an increasingly important component of the Federal Reserve's supervisory toolkit, having been used in our assessment of large bank holding companies since 2009.4 To administer a stress test, supervisors first construct a hypothetical scenario that assumes a set of highly adverse economic and financial developments--for example, a deep recession combined with sharp declines in the prices of houses and other assets. The tested firms and their supervisors then independently estimate firms' projected losses, revenues, and capital under the hypothetical scenario, and the results are publicly disclosed. Firms are evaluated both on their post-stress capital levels and on their ability to analyze their exposures and capital needs.
Stress testing provides a number of advantages over more-standard approaches to assessing capital adequacy. First, measures of capital based on stress tests are both more forward looking and more robust to "tail risk"--that is, to extremely adverse developments of the sort most likely to foster broad-based financial instability. Second, because the Federal Reserve conducts stress tests simultaneously on the major institutions it supervises, the results can be used both for comparative analyses across firms and to judge the collective susceptibility of major financial institutions to certain types of shocks. Indeed, comparative reviews of large financial institutions have become an increasingly important part of the Federal Reserve's supervisory toolkit more generally. Third, the disclosure of stress-test results, which increased investor confidence during the crisis, can also strengthen market discipline in normal times. The stress tests thus provide critical information about key financial institutions while also forcing the firms to improve their ability to measure and manage their risk exposures.
Stress-testing techniques can also be used in more-focused assessments of the banking sector's vulnerability to specific risks not captured in the main scenario, such as liquidity risk or interest rate risk. Like comprehensive stress tests, such focused exercises are an important element of our supervision of SIFIs. For example, supervisors are collecting detailed data on liquidity that help them compare firms' susceptibilities to various types of funding stresses and to evaluate firms' strategies for managing their liquidity. Supervisors also are working with firms to assess how profitability and capital would fare under various stressful interest rate scenarios.
Federal Reserve staff members supplement supervisory and stress-test information with other measures. For example, though supervisors have long appreciated the value of market-based indicators in evaluating the conditions of systemically important firms (or, indeed, any publicly traded firm), our monitoring program uses market information to a much greater degree than in the past. Thus, in addition to standard indicators--such as stock prices and the prices of credit default swaps, which capture market views about individual firms--we use market-based measures of systemic stability derived from recent research. These measures use correlations of asset prices to capture the market's perception of a given firm's potential to destabilize the financial system at a time when the broader financial markets are stressed; other measures estimate the vulnerability of a given firm to disturbances emanating from elsewhere in the system.5 The further development of market-based measures of systemic vulnerabilities and systemic risk is a lively area of research.
Network analysis, yet another promising tool under active development, has the potential to help us better monitor the interconnectedness of financial institutions and markets. Interconnectedness can arise from common holdings of assets or through the exposures of firms to their counterparties. Network measures rely on concepts used in engineering, communications, and neuroscience to map linkages among financial firms and market activities. The goals are to identify key nodes or clusters that could destabilize the system and to simulate how a shock, such as the sudden distress of a firm, could be transmitted and amplified through the network. These tools can also be used to analyze the systemic stability effects of a change in the structure of a network. For example, margin rules affect the sensitivity of firms to the conditions of their counterparties; thus, margin rules affect the likelihood of financial contagion through various firms and markets.
Shadow Banking
Shadow banking, a second area we closely monitor, was an important source of instability during the crisis. Shadow banking comprises various markets and institutions that provide financial intermediation outside the traditional, regulated banking system. Shadow banking includes vehicles for credit intermediation, maturity transformation, liquidity provision, and risk sharing. Such vehicles are typically funded on a largely short-term basis from wholesale sources. In the run-up to the crisis, the shadow banking sector involved a high degree of maturity transformation and leverage. Illiquid loans to households and businesses were securitized, and the tranches of the securitizations with the highest credit ratings were funded by very short-term debt, such as asset-backed commercial paper and repurchase agreements (repos). The short-term funding was in turn provided by institutions, such as money market funds, whose investors expected payment in full on demand and had little tolerance for risk to principal.
As it turned out, the ultimate investors did not fully understand the quality of the assets they were financing. Investors were lulled by triple-A credit ratings and by expected support from sponsoring institutions--support that was, in fact, discretionary and not always provided. When investors lost confidence in the quality of the assets or in the institutions expected to provide support, they ran. Their flight created serious funding pressures throughout the financial system, threatened the solvency of many firms, and inflicted serious damage on the broader economy.
Securities broker-dealers play a central role in many aspects of shadow banking as facilitators of market-based intermediation. To finance their own and their clients' securities holdings, broker-dealers tend to rely on short-term collateralized funding, often in the form of repo agreements with highly risk-averse lenders. The crisis revealed that this funding is potentially quite fragile if lenders have limited capacity to analyze the collateral or counterparty risks associated with short-term secured lending, but rather look at these transactions as nearly risk free. As questions emerged about the nature and value of collateral, worried lenders either greatly increased margin requirements or, more commonly, pulled back entirely. Borrowers unable to meet margin calls and finance their asset holdings were forced to sell, driving down asset prices further and setting off a cycle of deleveraging and further asset liquidation.
To monitor intermediation by broker-dealers, the Federal Reserve in 2010 created a quarterly Senior Credit Officer Opinion Survey on Dealer Financing Terms, which asks dealers about the credit they provide.6 Modeled on the long-established Senior Loan Officer Opinion Survey on Bank Lending Practices sent to commercial banks, the survey of senior credit officers at dealers tracks conditions in markets such as those for securities financing, prime brokerage, and derivatives trading.7 The credit officer survey is designed to monitor potential vulnerabilities stemming from the greater use of leverage by investors (particularly through lending backed by less-liquid collateral) or increased volumes of maturity transformation. Before the financial crisis, we had only very limited information regarding such trends.
We have other potential sources of information about shadow banking. The Treasury Department's Office of Financial Research and Federal Reserve staff are collaborating to construct data sets on triparty and bilateral repo transactions, which should facilitate the development of better monitoring metrics for repo activity and improve transparency in these markets. We also talk regularly to market participants about developments, paying particular attention to the creation of new financial vehicles that foster greater maturity transformation outside the regulated sector, provide funding for less-liquid assets, or transform risks from forms that are more easily measured to forms that are more opaque.
A fair summary is that, while the shadow banking sector is smaller today than before the crisis and some of its least stable components have either disappeared or been reformed, regulators and the private sector need to address remaining vulnerabilities. For example, although money market funds were strengthened by reforms undertaken by the Securities and Exchange Commission (SEC) in 2010, the possibility of a run on these funds remains--for instance, if a fund should "break the buck," or report a net asset value below 99.5 cents, as the Reserve Primary Fund did in 2008. The risk is increased by the fact that the Treasury no longer has the power to guarantee investors' holdings in money funds, an authority that was critical for stopping the 2008 run. In November 2012, the FSOC proposed for public comment some alternative approaches for the reform of money funds. The SEC is currently considering these and other possible steps.
With respect to the triparty repo platform, progress has been made in reducing the amount of intraday credit extended by the clearing banks in the course of the daily settlement process, and, as additional enhancements are made, the extension of such credit should be largely eliminated by the end of 2014. However, important risks remain in the short-term wholesale funding markets. One of the key risks is how the system would respond to the failure of a broker-dealer or other major borrower. The Dodd-Frank Act has provided important additional tools to deal with this vulnerability, notably the provisions that facilitate an orderly resolution of a broker-dealer or a broker-dealer holding company whose imminent failure poses a systemic risk. But, as highlighted in the FSOC's most recent annual report, more work is needed to better prepare investors and other market participants to deal with the potential consequences of a default by a large participant in the repo market.8
Asset Markets
Asset markets are a third area that we closely monitor. We follow developments in markets for a wide range of assets, including public and private fixed-income instruments, corporate equities, real estate, commodities, and structured credit products, among others. Foreign as well as domestic markets receive close attention, as do global linkages, such as the effects of the ongoing European fiscal and banking problems on U.S. markets.
Not surprisingly, we try to identify unusual patterns in valuations, such as historically high or low ratios of prices to earnings in equity markets. We use a variety of models and methods; for example, we use empirical models of default risk and risk premiums to analyze credit spreads in corporate bond markets. These assessments are complemented by other information, including measures of volumes, liquidity, and market functioning, as well as intelligence gleaned from market participants and outside analysts. In light of the current low interest rate environment, we are watching particularly closely for instances of "reaching for yield" and other forms of excessive risk-taking, which may affect asset prices and their relationships with fundamentals. It is worth emphasizing that looking for historically unusual patterns or relationships in asset prices can be useful even if you believe that asset markets are generally efficient in setting prices. For the purpose of safeguarding financial stability, we are less concerned about whether a given asset price is justified in some average sense than in the possibility of a sharp move. Asset prices that are far from historically normal levels would seem to be more susceptible to such destabilizing moves.
From a financial stability perspective, however, the assessment of asset valuations is only the first step of the analysis. Also to be considered are factors such as the leverage and degree of maturity mismatch being used by the holders of the asset, the liquidity of the asset, and the sensitivity of the asset's value to changes in broad financial conditions. Differences in these factors help explain why the correction in equity markets in 2000 and 2001 did not induce widespread systemic disruptions, while the collapse in house prices and in the quality of mortgage credit during the 2007-09 crisis had much more far-reaching effects: The losses from the stock market declines in 2000 and 2001 were widely diffused, while mortgage losses were concentrated--and, through various financial instruments, amplified--in critical parts of the financial system, resulting ultimately in panic, asset fire sales, and the collapse of credit markets.
Nonfinancial Sector
Our financial stability monitoring extends to the nonfinancial sector, including households and businesses. Research has identified excessive growth in credit and leverage in the private nonfinancial sector as potential indicators of systemic risk.9 Highly leveraged or financially fragile households and businesses are less able to withstand adverse changes in income or wealth, including those brought about by deteriorating conditions in financial and credit markets. A highly leveraged economy is also more prone to so-called financial accelerator effects, as when financially stressed firms are forced to lay off workers who, in turn, lacking financial reserves, sharply cut their own spending. Financial stress in the nonfinancial sector--for example, higher default rates on mortgages or corporate debt--can also damage financial institutions, creating a potential adverse feedback loop as they reduce the availability of credit and shed assets to conserve capital, thereby further weakening the financial positions of households and firms.
The vulnerabilities of the nonfinancial sector can potentially be captured by both stock measures (such as wealth and leverage) and flow measures (such as the ratio of debt service to income). Sector-wide data are available from a number of sources, importantly the Federal Reserve's flow of funds accounts, which is a set of aggregate integrated financial accounts that measures sources and uses of funds for major sectors as well as for the economy as a whole.10 These accounts allow us to trace the flow of credit from its sources, such as banks or wholesale funding markets, to the household and business sectors that receive it.
The Federal Reserve also now monitors detailed consumer- and business-level data suited for picking up changes in the nature of borrowing and lending, as well as for tracking financial conditions of those most exposed to a cyclical downturn or a reversal of fortunes. For example, during the housing boom, the aggregate data accurately showed the outsized pace of home mortgage borrowing, but it could not reveal the pervasive deterioration in underwriting that implied a substantial increase in the underlying credit risk from that activity.11 More recently, gains in household net worth have been concentrated among wealthier households, while many households in the middle or lower parts of the distribution have experienced declines in wealth since the crisis. Moreover, many homeowners remain "underwater," with their homes worth less than the principal balances on their mortgages. Thus, more detailed information clarifies that many households remain more financially fragile than might be inferred from the aggregate statistics alone.
In closing, let me reiterate that while the effective regulation and supervision of individual financial institutions will always be crucial to ensuring a well-functioning financial system, the Federal Reserve is moving toward a more systemic approach that also pays close attention to the vulnerabilities of the financial system as a whole. Toward that end, we are pursuing an active program of financial monitoring, supported by expanded research and data collection, often undertaken in conjunction with other U.S. financial regulatory agencies. Our stepped-up monitoring and analysis is already providing important information for the Board and the Federal Open Market Committee as well as for the broader regulatory community. We will continue to work toward improving our ability to detect and address vulnerabilities in our financial system.
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PM gang bang day--Ben as the abusive rapist with the biggest, driest dick, saved for last. Fuck Bernanke, LOL.
Not a good day for Obama.....ABC just broke ranks on Benghazi.
The families of the fallen are not going away quietly.
Indeed, just wait until the guillotines come out, people will really start talking then.
Marketwatch 8:25AM: "Krugman: No bubble, just irrational Bernanke hatred"
Whenever I see or hear Krugman's name, the first thing that comes to mind is a passage from Michael Lewis's 'Liar's Poker' regarding naïve people in real world markets:
Did I grow more comfortable on the trading floor over time? I suppose. But even when I had established myself within the firm, I got the creepy crawlies each time I walked out onto 41. I could see certain developments in myself, however. One day I was out playing the Invisible Man, feeling the warmth of the whale sh!t and thinking that no one in life was lower than I. Onto the floor rushed a member of the corporate finance department wearing his jacket like a badge of dishonor. Nobody wore a jacket on the floor. It must have been his first trip down from his glass box office, and he looked one way and then the other in the midst of the bedlam. Someone bumped into him and sharply told him to watch his step. Watch his step? But he was just standing there. You could see him thinking that the gaze of the whole world was on him. And he started to panic, like a stage actor who had forgotten his lines. He'd probably forgotten why he'd come in the first place. And he left. Then I thought a nasty thought. A terrible thought. A truly unforgivable thought. But it showed I was coming along. What a wimp, I thought. He doesn't have a fu<king clue.
Liberals can't not use the word "hate". They seem to know so much about it. Bullying too....
Irrational Bernanke hatred is lead to irrational break face of Paul Krugman. But break Krugman face, good is for local economy, employ triage team, triage team pay bills, buy coffee at Starbuck, and so on. So why not is break face of Krugman AND Bernanke and enjoy full economic recovery!?
Polomium is less messy. (But you already knew that, didn't you Boris)
precious.. one student of the Tunisian boy lover defending another
Next Jew will be the same as the last two Jews.
Is the Pope Catholic?
After listening to berganske I got incredibly happy intellectually because they are starting to do what I have been asking them since 2009, and that is to use engineering and bioengineering tools to monitor the market and make decisions, they are getting there, as you can see in the speach. But they still don't comprehend the danger of what they are doing, they will very soon, hopefully before the send the whole house of cards down. For now they are using the tools to attempt the impossible and that is to control the feedback loops. Their incorrect thinking from our (engineers that know control theory and modeling of non-linear systems) is expressed in the phrase I reproduce below. They think that feedback loops "appear" due to events or actions. That is incorrect and would lead you to nuclear plants going critical every day if engineers thought that way. Feedback loops are ALWAYS there, the only thing that changes is the importance that they take on the system behaviour. From that alone (and many other things that I don't want to bother everybody with), it seems to me that whether his intentions are good or bad, which I hope that despite your position against him (which is mine too), is a different topic from his technical prowess in controlling the world economic stability.
Here is what he said that reveals wrong thinking: "... A highly leveraged economy is also more prone to so-called financial accelerator effects, as when financially stressed firms are forced to lay off workers who, in turn, lacking financial reserves, sharply cut their own spending. Financial stress in the nonfinancial sector--for example, higher default rates on mortgages or corporate debt--can also damage financial institutions, creating a potential adverse feedback loop as they reduce the availability of credit and shed assets to conserve capital, thereby further weakening the financial positions of households and firms. ..."
Until next time,
Note: congrats to all of you that wrote so fast about what he said, it took me this long to analyze it and make a comment. I am getting slower...
Don't sell yourself short, Engineer. I don't see much on the order of real 'analysis' prior to your post. I appreciate your effort and insight!
On your feedback loop theory, you are absolutely correct. The laws of gravity prevail eventually, and all of the balls fall back to earth.
A great analogy is the complex system known as the nuclear reactor. Chernobyl was based on a design called RBMK which was unusual for nuke design because of a positive void coefficient (highly unorthodox and very dangerous). Briefly, it meant that air bubbles in the reactor would cause increased reaction-rate (through a positive feedback loop) rather than reduced reaction-rate. In Western reactors there is a reduced reaction due to bubbles as a result of a negative void coefficient built into the inherent moderator engineering and design.
So you have reactors with positive feedback loops (Chernobyl) and reactors with negative feedback loops (Western). Which one resulted in the worst nuke accident in history and the only type 7 accident until 2011?
Positive feedback loops eventually come up to bite you on the butt. And complex systems work until they don't.
Unfortunately most of what the bernanQE says to the public is dishonest & misleading, even if words are spoken that reflect true facts (today they did not).
What's actually afoot is that feedback loops are all under control within the fiat system because any part can be stopped at any time and if it isn't it's an intentional act.
Further, feedback loops can be connected to each other to cancel each other out if desired. This is used frequently, behind the scenes, and it's not for purpose of stability.
In bookie circles in the mob this is called the skim, this is where a little is shaved off the top OTHER than the much more obvious things like pork-barrel bribes and HFT's.
Bank competition. That's a real howler, Ben.
What's next, unicorn farts as collateral or spinning straw into gold?
Gold fillings are less messy (but you already knew that, didn't you Kaiser)
The Jews should be "affirmative actioned" into insignificance.
Tribalism has consequences.
Except if thief is carry pliers.
Love you guys! Maybe the end really is coming for the sham-masters: There is a movie to be released soon (you can watch the trailer @houstonpress.com) called Assault On Wall Street. It looks like a big budget production in which a low-level Wall Street employee realizes he's working for the enemy and takes up arms against them! Predictive programming?
yes, here's another..."OLYMPUS HAS FALLEN"
I'm still watchin rollover 1981 re reruns.
Boris is keep polonium in refrigerator, but is make funny taste to other food so cannot is recommend.
ho ho ho!
is put on TV for extra dollar to economy, make recovery-er!
Liberals can't not use the word "hate". They seem to know so much about it. Bullying too....
My libtard neighbor, who is a 5th grade teacher, asked me the other day during casual neighborhood conversation what I was going to teach my 5 y/o son, now that he's starting kindergarten, when it comes to dealing with bullies. I told her I'm teaching him to kick the kid in the nuts, punch him in the throat, then go back to playing.
She was mortified. I couldn't stop smiling. My wife doesn't like it when I talk to the neighbors.
I feel more and more detached from the sheeple's world everyday.
"Irrational Bernanke hatred"
This may have something to do with Bernanke corrupting virtually all remaining market pricing mechanisms, socializing bankster losses and destroying the economy.
Yikes, no wonder I never look at Marketwatch:
"I love it. The Cult of Irrational Haters are squirming like greased pigs. They just can't stand the idea that Bernanke and Obama are doing the rights things and that the economic outlook is improving (that is why stocks are rising). Cognitive dissonance is making their heads explode. "
Bob Iger taking that AIPAC money again?
Off topic, but I bet you this lady wishes she had a 3D printed gun this morning:
Meanwhile in Japan they are scared of macaque monkeys. Everyone has to run inside terrified.
Meanwhile there was a cougar sighted in my neighborhood in the last few weeks... But who needs firearms? The gov't will always be there to protect you!
Ben fuckin ghazi.. would bring down the Obaaaamaa crime family, if America was'nt a bunch of apethetic, tv watchin, in debt up to their ass, morans...
Amerika is intellectual lazy, perpetual uncurious, addicted to adderal and energy drink.
You left out ritalin and crack. Meth fiends don't live long enough to be proper addicts, but lets give them "honorable" mention.
Russia is also have crack and meth, but not food stamp.
its not so much they are morons, a point i agree with....but i think what you are seeing is how effective the mind control is...usa usa usa ....
usa usa usa indeed ... a form of stockholm syndrome & mindcontrol merged to bring you the complacent wage slave..
That link has been scrubbed. They still have the headline on the main site but the link on the main site doesn't go anywhere either. Hmmm???
The link is back online. Good article by ABC. Is it possible that the 4th estate finally realizes they are part of the problem???
Man, if a political shitstorm unleashes on ObaMao, watch the hell out!
The words that make Jim Cramer's nipples hard.
and his criticism soft
Latest on Benghazi Cover Up...
Check out the market reaction from this economist after Bernanke nervously spoke. LOL!
STFU, Bernanke, you candy butthead!
You, Greenspan and Marty Feldstein (and Maurice Greenberg, and Peter G. Peterson, and everyone in the Rockefeller family) should all be in chains by this time.
Check out the market reaction from this economist after Bernanke nervously spoke. LOL!
Mr.Bernank... could you please tell us your year end target for the S&P? Should I buy the fucking dip or has your target been hit? And after you answer the questions I have a follow up statement......FUCK YOU BERNANK!
Can someone ask this bald headed prick if he can have his nephew's t-ball game moved in August so he can attend Jackson hole? Seriously, can someone ask what his "scheduling conflict" is?
this is a strategic no-show, nothing else, it is to telegraph to everyone that he is winding down his tenure. That way there can be no interpretation of any actual words. It is also his way of saying mission accomplished and a silent way of saying there will be NO MORE additional QE's since the world has figured out how to play the game and all GS players are in place.
Howard Johnson got his ho-jo working.
he will probably reassure all his fucking asshole banker friends on wall st that he will not stop qe at all, and if anything will increase it.
he will also say how inflation is not a concern in the least bit, and this printing is the greatest thing for the economy.
fuck u bernanke, may u and obama suffer big time, all u guys do is steal our money, fuck u both
Help END THE FED and spread awareness.
There's a member of our community that needs a bit of help to get his project completed and I am trying to help him get to the finish line. I think you all know Bill Still from The Money Masters and The secret of Oz. His latest project 'Jekyll Island - the documentary' is nearly finished and he needs only 4k to wrap it up. I would ask that anyone that wants to see this work completed and spread to the largest possible audience to make a small contribution to the kickstarter campaign that he has posted. His deadline is this Sunday night and it would be great to have some contributions flow in from fight club, even greater if we could help him achieve his goal.
Even if you can spare $5 - $20 that is a huge donation and would help Mr. Still get to complete his masterpiece. If you can spare more then $24 FANTASTIC he will give you some decent swag for your contribution. T-shirts, signed DVDs, posters etc.. I am going to post this a few more times in the coming days so please don't consider it spam or solicitation it is for a fantastic cause and this documentary is going to be absolutely stellar!
Yesterday he recieved 2k in pledges to get his requirement from 6k to less then 4k and there is still 3 days left, help Mr. Still spread awareness on the corruption of the Federal Reserve by making a donation.
Bill has made some great films. However, his understanding of banking and economics is screwy. He is against gold entirely, but instead supports a "greenback" standard, whereby the government creates paper money but fixes its supply. Quite bizzarre.
It doesn't matter if the currency is toothpicks, as long as it not allowed to be created infinitely and indefinitely.
You must be a banker...
Government ie treasury creates the money without debt, without interest to the people. The issuance is tightly controlled and linked to the number of the population. Debt free government and bye bye IRS, greenbacks worked so well in the 1800's that the bankers had Lincoln assisinated and the greenback withdrawn, same with JFK and his executive order 11110 which achieved the same goal.
Central Banks, Debt money and Sovereign Debt is the root of all power and corruption. We must attack the root!
As well Bill is not against Gold entirely, gold and silver money alongside greenbacks as competing currencies is a great idea but the peoples money should not be linked to a commodity that bankers are in control of.
You must be a statist...
Why should money be created or controlled by the government?
Statist and ignorant about who really owns all the gold out there. It is in a lot of hands now. The paper contracts are concentrated control but the physical IS NOT at this time.
if such a money management could exist it would exist and it would be the Fed. The reason we have so many problems is because no such collection of humans will exist or ever did. That's what Bill Still is missing. Honest accurate humans DO NOT EXIST who manage money supplies.
He's running just a tad late. Finishing up a conference call with Baron Von Rothschild. Orders are to prick the equity bubble a tad. Stay physical my friends.
Ahhh the Fiat-colored tie. Nice touch, dick.
It is already clear what Bernanke will say: we may increase or decrease our asset purchases as conditions require.
No shit sherlock.
Get that gasoline blues. nrbq
Perhaps Ben Bernanke will repeat the words of Governor Elizabeth Duke from yesterday.
At the Federal Reserve, we continue to foster more-accommodative financial conditions and, in particular, lower mortgage rates through our monetary policy actions.
And this is the role of the mortgage industry (to whom she was speaking).
For your part, I urge you to continue to develop new and more sustainable business models for lending to lower-credit-score borrowers that lead to better outcomes for borrowers, communities, and the financial system than we have experienced over the past few years.
No doubt back in 2005,06 and 07 the models seemed "sustainable" too,that was of course until they collapsed.
Yes lets pump up that mortgage party end lend to credit impaired borrowers again! After all what could go wrong?
'lend to credit impaired borrowers again'
Isn't it rather disrespectful to talk about our government that way? ;-)
That doesn't apply to us. The credit rating agencies love us, remember, and you know what happens if they don't. *cough* Egan *cough*
Listen to this guy suck the Bernank's cock.
evans is a cock blocker, making sure no one has an opportunity to ask any real questions
Don't watch if you've already eaten breakfast. This cheerleading bullshit is worse the Abe's girl group...at least they aren't fat and bearded fucks!
Caption for the picture:
"Yes, you heard me correctly, two in the stink"
How about:
"Well there are two prices for gold; the one we propagandize for paper instruments and the price of physical."
The Wall Street Shocker
Ben looks a bit sedated. It's like his life's work has been proven a failure and he finds comfort in popping pills. When the beard gets sloppy, we will know the end is near.
Too much botox to hide his worry lines have seeped into his blood stream
Fucker's a simpleton. Nobody cares what he has to say. We're only waiting for the FBI to haul him off .
oh, how quaint. You actually think they're NOT all complicit. FBI are paid in dollars. Federal Reserve are the source of dollars.
Is it just me or does Bernanke's ears seem pointier than usual? I call double or demon.
"The crisis also engendered major shifts in financial regulatory policy and practice."
he's got the word order in that sentence all screwed up
Yep. He meant to say "the major shifts in financial regulatory policy and practice also engendered major crises."
Doubleplusgood duckspeak!
"our traditional microprudential perspective focused primarily on the health of individual institutions"
love this part
5.18.13 FEDERAL RESERVE to annouce IPO. After 100 years of fleecing the American Dollar and Public charging you 11:10 on your own money, Ben Bernanke is set to announce an initial stock offering today in the Federal Reserve SYMBOL (FKU)
Yeah...thanks but no thanks. Plan to have a nice, solitary Friday doing laundry and sipping Bombay&Tonic.
You forgot "Bork Bork!"
That is a Swedih ice hockey coach and not an actual word. But it warms my heart that someone remebers the real muppets and not just the modern day meaning of the word...
I love how we are all hanging off his every word.
I hope you meant that as sarcasm fonz. I already know what this guy is going to say by now. I'm just waiting for the day a righteous government imprisons him.
"The losses from the stock market declines in 2000 and 2001 were widely diffused, while mortgage losses were concentrated--and, through various financial instruments, amplified--in critical parts of the financial system, resulting ultimately in panic, asset fire sales, and the collapse of credit markets."
yes it was all an over-reaction to real estate
and a town called panic
I thought it was a town called malice?
I hold that man responsible for the $41 drop in the price of gold today.
Hey Ben...how has Corzine been doing? Is he arlright? I'm a little worried about him since we haven't seen him for a while.
Why is this feed being put live on CNBC the whole time? Why am I listening to Ben tell me about all different forms of collapse that may be on the horizon? Funny I would think CNBC would dip in and out while Cramer pitches me Chipotle and Priceline. Instead I am listening to Bernank very realistically describe a possible crisis looming.
OT but I called my local dealer.
For gold they want $1525 and they laughed at the thought of having an ASE for sale.
You mean they aren't charging you the paper price? That's just crazy talk. Everybody knows that paper dictates what goes on in the physical markets....Just ask CNBC.
Silver was the funniest. She says "we don't have any but if we get a few they will be $8 over spot". I said "I'll take em"...."well we don't plan on having any".
The end game is to get the prices down to nothing and then settle in fiat. The ponzi collapsed but there is an escape clause and that escape clause is to settle with fiat.
Re Corzine...He'll play an extra 9 this afternoon after a robust lunch in the Grill Room...That's how he's doing...!!
Wait, he's blaming investors for CDS / MBS debacle?
And the FED is going to stop shadow banking and the cabal of bankers by "monitoring" and "data gathering"? Insanity!
How about you just GET THE FUCK OUT OF THE ECONOMY AND QUIT WASTING OUR TAX DOLLARS AND MANIPULATING CAPITAL AND SPOILING YOUR BANKING MASTERS WITH YOUR HEROIN INJECTIONS!!!!
It wouldn't hurt for some law enforcement, somewhere, of some stripe to ENFORCE THE RULE OF LAW.
Happy Friday,
We are FUCKED.
... Bernanke has it all under control, all you have to do is look at gold. Everytime "Investors" see Bernake on TV they sell their gold with reckless abandon as "confidence is restored". All Hail the Ponzi.
infestors were wearing short skirts and coming on like gangbusters which aroused the bankers mightily so actually, yes, the infestor hos had "it" coming. typical psychopath blaming the victim.
don't call it "insanity" - that can be a criminal defense. I want him in prison, not the mental house
Lots about what the FED monitors, little about how they manipulate respond to what the FED 'sees'. Destabilizing 'sharp moves' must be stopped ( Soaring GOLD)
blah blah blah more QE, blah blah blah more QE, mind you we could stop or increase if the situation arises.
Oh look, equities and housing are up and empoloyment is getting better.
blah blah blah more QE, blah blah blah more QE. That's all folks.
Binny sez nice soothing words about the market today, while pumping it higher.
where are the 700 Billion TARP funds that the banks got that was supposed to "free up the credit markets" that was really to "foam the runway for the banks"? Why aren't you pricks lending with ZERO interest to the American Public? should be raining up in here...
BUBBLES BERNANKE -- doubling down on debt roulette!
He's gonna lose -- and so will WE!
We monitor bubbles. Ha ha ha ha ha ha. "subprime is contained"
We have a program to access whether asset classes are higher than normal history....right now we can't keep our eye off of gold, the damn stuff keeps getting more expensive to slam down daily.
sell MSFT!! /s
'We try to identify unusual patterns in valuations, such as historically high or low ratios of prices to earnings in equity markets.'
... then we ignore them and keep printing.
fucking delusional
Tyler's must be pissing themselves laughing, listening to this absolute horseshit!
P.S Fuck you BERNANKE!
There's the pump. Every time Bubble Bernanke get's in front of the camera it's good for at least another 50 points on the DOW to the upside.
fear not, the fed is monitoring the starving and
unemployed segment of the population that may work
but receive no compensation from the monetary distribution
system. if it becomes significant the data collection and
recapitalization of the banks will increase accordingly.
From a nutritional standpoint the least the Fed could do is buy the unemployed some APPL stock.
I don't understand why the homeless and food stamp
recipients etc ... students and working poor etc ..
don't just sell a few hundred shares of their stock
portfolios to pay their own way, then they could
pay off their debts and feed themselves. continue to
support the education, food production and other
industrial complexes.
the fed has the authority to recapitalize the banks
the treasury has the capacity to recapitalize the poor;
balance of moral hazard and doing what is right for the
system is part of an ongoing discussions. we will be
taking a break and the show will continue in a half hour.
pudding truck, nrbq
we looked at the size of lord blankfein's bonus check and decided that it was much too small so we will continue raping and pillaging until things improve...
Every night when I go to sleep, I pray to God this criminal will drop dead.
A crook came before & another will follow. It's the instutution, not who's sitting in the Chair.
'so far so good'-bernankes tombstone. incredible this guys arrogance.
I am building my own drone. I'll be flying at Jackson Hole this year.
They need to release a deck of cards first.
Can someone explain to me why UST rates are rising with a strengthening dollar?
Fed is naked short the dollar index, and bidding up Ts as usual?
Can you explain to me how the dollar is strengthening? I see no such thing
STFU Bernanke you asshole. Your legacy will be one of misguided stupidity for thinking financial problems can be solved by counterfeiting. Everyone knows about your fascination with the Great Depression and how you believe it could have been avoided if the Fed had printed, and now that you've had your chance to do the experiment yourself all you are doing, and all you are every going to do, is prove that you were wrong. You are an idiot, a loser, and a scourge to America and people all over the world. You are a disgrace and an embarrassment, so STFU!
Bernanke: "You guys need to stop complaining.....didn't you see what we did to Jesus?"
Mr. Bernanke, How many grandmothers have you killed today?
I thought the Bernank had his man Legs Dimon do the dirty work for him?
"In closing, let me reiterate that while the effective regulation and supervision of individual financial institutions will always be crucial to ensuring a well-functioning financial system..."
"In closing, let me reiterate that while the effective regulation and supervision of individual financial institutions will always be crucial to ensuring a well-functioning financial system, and something which we bureaucrats are entirely incapable of performing, my actions as king money dude will continue to destabilize the economy and create massive asset bubbles, and I don't give a shit what anybody thinks."
[puts finger up nose]
There. Finished the thought for him.
Bernanker was part of 1st bubble tries to recover by rewarding the worse of the bubble makers and creating an even bigger bubble...while not allowing prices to lower to affordable levels. Setting droves of people into unemployable waste land. He will go down in history as the poster boy for economic STUPIDTY!
So what does he do when his extensive analysis finds a bubble?
Let me get this right...he is saying people are reaching for yield when he sets it to ZERO? Is he really as DUMB as he seems. The bankers really have a perfect FED chairman...for their ripping off of Americans...especially savers, the young and the old. CRIMINAL!
Get this motherfucker off of my screen. Push this article to the bottom so I do not have to look at his smug fucking mug.


text:
It's the idea of "counting" grains which I was objecting to, as they overlap both on the horizontal plane and on the "depth" of the film and so what we see is not a "number" of grains composing an image (like in a mosaic, or in a pointilliste painting, or in a digital picture) but the overlapping of borders of these grains, which makes the "count" of them misleading.
This very moment my screen shows me characters which are 1 pixel wide. I can clearly see, in text, the width of the pixels. They are "ordered" in a matrix and so counting them makes sense to asses the "resolution"* of the screen.
The "resolution" of the digital image (or the mosaic, the TV screen etc.) is strongly correlated to the number of pixels. Even if we don't perceive the single pixels (we certainly don't while looking at a move on the TV set) we perceive that the resolution depends on the "count" of the pixels. High definition TV gives perceivably a higher definition even if we cannot isolate the single pixels, we perceive there is a higher count of them forming the image, because the image is formed on one single plane of geometrically ordered tesserae.
This analogy doesn't stand well with "grains" because they behave differently. In colour film the clouds of filaments are "transparent" and their overlapping gives various areas of colours where the variation in colour can be continuous at a certain magnifying scale (well shown in the Vitale document) so that one doesn't have a matrix of pixels with an abrupt variation of colour from an atomic information to the next, like in digital, or in a mosaic.
Digital and analogue are IMO a bit like mosaic and watercolour. In a mosaic we can count the number of tesserae but in a watercolour we cannot "count" an equivalent, that's what I meant. Probably somewhere at some microscopic scale we can find some solid "grains" on the paper but that is on a completely different scale, and visual effect, if compared to the mosaic.
With black and white probably the filaments are more "opaque" and, although the darker or lighter effect is always given by the overlapping of crystals edges in the "depth" of the film (in colour film a yellow "cloud" can partially overlap with a magenta cloud and partially overlap with another magenta cloud, how do we count them, in black and white we have a section where the "dirtier" the water the "darker" the image, so to speak, and we could theoretically count the single particles of dirt in suspension, each being, I guess, quasi non-transparent), one can say that the "working" is a bit more similar to the digital medium because there aren't, IIRC, the "half transparent" crystals which happen to be in colour film (the filaments forming the clouds).
* OK "resolution" itself can have several meanings.
I don't think we disagree. It depends on which microscope scale we consider "meaningful" for the comparison with digital.


text:
Gators coach Will Muschamp was in Jacksonville on Tuesday night to speak to the Jacksonville Gator Club.
As host city of the annual Florida-Georgia rivalry, any time Muschamp steps foot within city limits there are always questions about the Bulldogs.
The former Georgia safety was asked about the Gators' two-game losing streak to Georgia, and quipped, "It's not going to be a long winning streak, I can assure you."
For more on Muschamp's appearance in Jacksonville, click this link to read a story by Hays Carlyon of the Florida Times-Union.
Meanwhile, for more links related to the Gators, here is a list of items for your perusal:
--Incoming point guard Kasey Hill is a player Florida fans are excited to see next season. Click here to read more on Hill from Kevin Brockway of the Gainesville Sun.
--ESPN.com's Jason King has the Gators ranked No. 7 in his Top 25 to open the 2013-14 college basketball season.
--Former Gators star Joakim Noah joined some pretty elite company Tuesday when he was named NBA All-Defensive first-team, the Bulls' first members on the team since Michael Jordan and Scottie Pippen 15 years ago.
--Former Gators Jelani Jenkins (four years, $2.575 million) and Caleb Sturgis (four years, $2.24 million) signed their rookie contracts with the Dolphins on Tuesday writes Armando Salguero of The Miami Herald.
--Speaking of another former Gator with the Dolphins, center Mike Pouncey wants to see Miami QB Ryan Tannehill become more of a vocal leader.
--Gators goalkeeper Mikey Meagher is a major reason Florida is back in the Elite Eight and a candidate for the Tewaaraton Award, given to lacrosse's top player. A look at the race for the women's Tewaaraton from LaxMagazine.com.
--The Tampa Bay Times' Antonya English profiles a popular subject these days, Gators tennis senior Lauren Embree, who hopes to lead Florida to a third consecutive national title.
--Baseball America offers up its latest NCAA Tournament projections with the Gators on the bubble but in heading into their three-game series at Georgia.
--Another former Gator basketball player was named to the NBA All-Rookie first-team on Tuesday writes the Washington Post. Hint: his initials are BB.