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|By Udayan Banerjee
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|February 21, 2013 12:41 AM EST
Agile works!
If you have any doubt about it just look at the adoption rate … look at the study results published … or just try it yourself.
Offshoring also works!
Again, if you have any doubt, just look at the growth of offshoring … look at the success of the success of the India based IT companies … try to find a reasonably large company which has no offshore presence.
People or Process … which is more important?
If you are following agile methods then … obviously … people are more important. In fact it is clearly stated in the Agile manifesto. Off course, the manifesto does not say that process is not important but it emphasizes that people are more important than process and tool.
If you are into offshoring then the clear winner is process. Almost all large offshoring outfit have focused on process and have adopted SEI-CMMi model. On the same vein, CMMi does not say the people are not important, but the focus is clearly on processes and practices.
But, is this not contradictory?
Dreyfus Model of Skill Acquisition
One possible explanation is that both people and process are important. Successful agile implementation does not ignore process. Similarly, successful offshoring does not ignore people.
However, a better explanation can be found in the Dreyfus Model of Skill Acquisition.
If you search the net you will find tons of material explaining what the model is and I have included few of the at the end of this post. However, the simplest and the shortest explanation comes from Seth Godin:
The Dreyfus model of skill acquisition posits that there are five stages people go through:
- Novice = wants to be given a manual, told what to do, with no decisions possible
- Advanced beginner = needs a bit of freedom, but is unable to quickly describe a hierarchy of which parts are more important than others
- Competent = wants the ability to make plans, create routines and choose among activities>
- Proficient = the more freedom you offer, the more you expect, the more you'll get
- Expert = writes the manual, doesn't follow it
Offshore Software Development, CMMi and Process Focus
When the offshoring started, the workforce comprised of Novices and Advanced Beginner with a handful of experts guiding them. The growth of offshoring was too fast to move the Advanced Beginners to become Competent in the required number.
Therefore, it was logical for the organizations to focus on gaining process expertise and the most logical choice was the SEI – Capability Maturity Model (CMMi). The focus was on "Conformance to Requirement". It was necessary to have more people to do the same work but that could be absorbed through the huge gap of salary.
Every project needed to find at least on expert. That expert could guide the team and interact with the onsite people. Projects which could not find such experts failed badly.
The growth of the offshoring industry have validated this approach.
Agile Methods and People Focus
Agile methods became popular where enough number of Competent and Proficient software developers where available. Once a developer becomes Competent he is ready and willing to take ownership of his work.
"…you might see folks at this level typically described as "having initiative" and being "resourceful." They tend to be in a leadership role in the team…even at this level, practitioners can't apply agile methods the way we would like—there isn't yet enough ability for reflection and self correction…" - Andrew Hunt
Agile methods were ideally suited for Proficient software developers. All you needed to do was to…
"…Build projects around motivated individuals. Give them the environment and support they need, and trust them to get the job done…" – 5th principle behind agile manifesto!
It is no surprise that agile methods worked and worked very well.
The story of offshoring is not over yet!
Offshoring growth came down from the ridiculous 30-50% per year to more down to earth 10-15%. That allowed more time to have sufficient numbers of Competent and Proficient developers. There are around 2 million ITES professional in India and even if only a small percentage can be classified as Competent and Proficient developers, you still land up with a huge number!
No wonder the India software industry has started looking beyond "Conformance to Requirement"
What about the expert?
The expert observes the world but trusts his inner vision. He concerns himself with the depth and not the surface, with the fruit and not the flower.
When expert leads, the team is hardly aware that he exists. He is content to serve as an example and not to impose his will. He doesn't talk, he acts. When this is done, the team says, "Amazing: we did it, all by ourselves!"
The expert shapes events as they come. He steps out of the way and lets the design speak for itself. His workings remain a mystery, he just shows the results.
This might sound familiar to you because this is an condensed and modified version of The Tao of the Software Architect.
Related Articles
- Pragmatic Thinking and Learning – Refactor Your "Wetware" (Chapter 2) - by Andrew Hunt (one of the 17 original signatories of agile manifesto)
- Dreyfus Model Of Skills Acquisition
- Getting smart about the hierarchy of smart - by Seth Godin
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Posts: 2525
Location: Iscandar
I hear you. So far Sword Art Online has not been anywhere close to the quality of Madoka Magica and Bakemonogatari. Regardless, I am convinced that SAO is going to be Aniplex USA's "next big series" home release.
As much as I want to support Aniplex USA, I don't think I will be willing to shell $150 or more for Sword Art Online; unless it becomes an amazing series in its second half. But, I still have faith that it can become memorable, given how much potential it appears to have.
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Posts: 5087
Implied nothing. The author wrote the damn sex scene, though it was axed from the version that actually got published (but only just recently was taken off the author's blog).
Sample dialog:
"Two years worth of semen made a glopping noise as it flowed endlessly into Asuna."
Yes, I'm serious.
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Posts: 4210
Location: Towson, Maryland
I'd expect it to be a dub, since theres little reason it should be hard to dub. And its got far more appeal over here than Oreimo or Bakem do.
I do fully expect it to be a 250 dollar or so release though. Because of that popularity, people will be willing to pay more for it than many other releases.
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Posts: 7953
Location: Cheshire, CT
|Natsuyuki was a really big disappointment for me. was hoping Hazuki would have had his body back for at least an entire episode. oh well. Still love Tari Tari. I was fine with how the second arc of Kokoro Connect ended. I like Himeko's new personality far more than the old one. Also, turning into children may be a much better way for Iori to find her true self. I cannot wait to see what Funimation does with Binbougami. it's such a fantastic show. Still love SAO, and that wont change[/b]
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Posts: 1172
I could see it going either way but if SAO is dubbed, no way can they charge premium prices for it. Most likely wouldn't get enough sales to make back dubbing costs.
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Posts: 13959
Location: NZL
Well, PMMM was staggeringly huge in Japan and it got a DVD release option overseas (along with the Blu-Rays and LEs). Even though Sword Art Online won't sell as much, it could still get a DVD option for the masses.
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Posts: 2151
Location: Tokyo, Japan
Yes, the anime pacing matches the manga pacing. You don't need to worry-- Hibito will go to space, and it should be soon iirc. There's a lot of suspense to come.
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Posts: 9874
Location: Windsor Ontario
*Laugh* Yeah, I know. However in the anime it's only implied.
Also, in regards to Kuroko no Basket's silliness... You guys are aware that it's a sports manga that runs in Weekly Shonen Jump, right?
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Posts: 13959
Location: NZL
|In Space Brothers I'm actually a bit annoyed at how little screentime Hibito has gotten overall. Hopefully now that the show has moved to Houston we'll see a lot more of him and get inside his head. I know more about Furuya than I do about Hibito.
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Posts: 602
|Hunter x Hunter has been on fire lately. Episode 47 was just amazingly animated. It also portrayed this really gray area for Kurapika making look like more of a villain. It's a shame people would rather talk about Sword Art Online.
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Posts: 4333
Hopefully it will have a reasonable BD option like Madoka. I got a HDTV and a PS3 and I intend to use them, dammit!
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Posts: 3894
Location: The OC
I hate to ask, but... why two years' worth? How... what..?
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Team Gurren
Posts: 2776
Location: Bellevue, WA
Er... as much as I hate to add to this.. uh... discussion. The 2 years is how long they've been stuck in the game. So the line means that Kirito hasn't "been" with anyone since he entered the game, and apparently hasn't taken care of business on his own, either. TMI. Really TMI. :/
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Posts: 4333
I know. I read somewhere that the testes automatically destroy any sperm/semen that's like...a month old or something in that ballpark.
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Posts: 13959
Location: NZL
Well, Kirito has been stuck inside the game for two years by that point, and it seems as though the author believes that men can store a litre (a quarter-gallon) of semen at once, so . . . yeah. Best not to think about it.
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Oil prices remain near 2016 highs on global supply disruptions
Amwal Al Ghad English - 2016-05-18 08:17:42
Oil futures were trading near 2016 highs on Wednesday, as supply disruptions and output cuts continued to tighten the market, although traders cautioned that high global crude inventories were still weighing on prices. International Brent crude futures LCOc1 were trading at $49.36 per barrel at 0644 GMT, 8 cents above their last settlement. U.S. West Texas Intermediate (WTI) crude futures CLc1 were 11 cents higher at $48.42 a barrel. Both contracts remained near their 2016 highs of $49.75 and $48.76 per barrel respectively, hit during intra-day trading the previous day. "With oil continuing to suffer from supply disruptions ... EIA inventory data will be key to price action. Any further decline in stockpiles could see oil's run higher continue," ANZ bank said. The U.S. Energy Information Administration (EIA) is scheduled to release official storage data on Wednesday. "With (Canadian) wildfires shifting back toward oil sands operations, the risk of supply disruptions extending into June has increased substantially. Combined with further falls in exports from Nigeria, the physical market is particularly tight," ANZ added. Saudi Arabia's crude oil exports in March fell to 7.541 million barrels per day (bpd) from 7.553 million bpd in February, official data showed on Wednesday. The oil industry is also keeping an eye on Venezuela, where economic and political turmoil is threatening crude production. "Supply outages, when set alongside concerns over Venezuelan supply (due to insufficient funds to pay oil companies or spend on the maintenance of loading terminals), represents a significant amount of oil lost in the short-term, which in turn is reflected in firm time spreads at the front of the curve," BNP Paribas said. Despite the disruptions, analysts said that global markets remained slightly oversupplied. "World oil production is now about 96 million barrels a day, and is oversupplied by approximately 1 million barrels a day," said Ralph Leszczynski of ship broker Banchero Costa. BNP Paribas said that there was also a large storage overhang that would have to be reduced before the market could swing back into balance. The bank even said that global crude inventories were still edging up despite the supply disruptions, implying that there is still more oil being produced than consumed.
Why Libya might be the biggest threat to recovering oil prices
Amwal Al Ghad English - 2016-05-17 10:43:19
Hopes the global oil oversupply is coming to a halt have sent oil prices rallying almost 20% the past month, but there's a major risk that could crush the rebalancing story — Libya. The conflict-torn country has seen oil production collapse to less than a quarter of its capacity of around 1.5 million barrels a day following attacks by Islamic State and rival governments struggling for control over natural resources. A resolution of the conflict, however, could quickly see the country's output double, rekindling fears of a supply glut in the already-volatile oil market, said Christof Rühl, global head of research at ADIA, the Abu Dhabi Investment Authority. When asked what's the biggest risk to the oil market is he said: "The situation in Libya." "There's a huge amount of oil potentially coming back. It's not coming back right now, but there's a huge disruption, which could be fixed," he said at the sidelines of the Platts Oil Summit in London last week. A key reason global oil prices started to crumble in the summer of 2014 was an oversupply in the market. Since then, output has started to decline in several oil-producing countries, particularly in the U.S. This — along with a pick up in demand — is seen as potentially bringing the oil market back to balance, which could help give a boost to prices. The battle for oil revenue Since the fall of Moammar Gadhafi in 2011, Libya's government has struggled to control brigades of former rebels, which have been causing significant disruptions to the country's oil production, refining facilities and oil shipments. The authorities that control the eastern half of Libya in early May moved to block oil exports from areas under their control, escalating a domestic fight over oil revenue. Under Libyan law, enforced by the United Nations, the country's oil must be shipped via its official National Oil Co., which is based in the western capital of Tripoli. Chairman of the NOC, Mustafa Sanallah, was scheduled to attend the Platts conference last week, but had to cancel in the 11th hour. "[The risks to the oil market] are really large-scale production coming back from disruptions or existing spare capacity. The biggest spare capacity is in Saudi Arabia and the biggest disruption is in Libya," Rühl from ADIA said. Rühl was previously a highly respected chief economist at BP PLC. The row over oil between the east and the west, coupled with ISIS attacks on key production facilities, have significantly hurt Libyan oil output. In April, the country produced 360,000 barrels of oil a day, down 160,000 barrels from April last year, according to the latest report from the International Energy Agency. It looks to be even lower in May, the IEA said, to just above 200,000 barrels a day because of the feud between the rival governments, disruptions at the Marsa El-Hariga port and limited storage capacity. "But Libya may yet surprise to the upside as it has the potential to double output to more than 700 kb/d, provided the eastern ports of Ras Lanuf and Es Sider are reopened," the IEA said in the report. 'The Somalia of the oil markets' The first step in resolving the conflict came over the weekend, when the eastern factions allowed oil to be shipped to refineries in the west again. However, the two sides have yet to agree on ending the export dispute from the Marsa El-Hariga terminal in Tobruk, which accounts for more than 150,000 barrels of oil exports a day, according to The Wall Street Journal. Helima Croft, chief commodities strategist at RBC Capital Markets, said there are little hopes of ending the Libyan rivalries, dismissing fears the country will ramp up production and upset the oil market. "Libya is a failed state," she said. "We still have a divided government there, multiple armed factions and now we have ISIS. I'm not sure this is the recipe for sustainable production... I think of it as Somalia of the oil markets at this point".
Oil extends gains, U.S. crude at seven-month high on supply concerns
Amwal Al Ghd English - 2016-05-17 08:42:21
Oil futures rose for a second straight session on Tuesday, with U.S. crude hitting a seven-month high, as the market focused on supply disruptions that prompted long-time bear Goldman Sachs to issue a bullish assessment on near-term prices. Crude oil prices have rallied for most of the past two weeks due to a combination of Nigerian, Venezuelan and other outages, declining U.S. output and curtailments of Canadian crude after fires in Alberta's oil sands region. U.S. West Texas Intermediate (WTI) futures were up 67 cents at $48.39 a barrel at 0635 GMT, the highest since October. Brent crude futures were up 37 cents at $49.34 a barrel, near the six-month high of $49.47 reached on Monday. Outages throughout May will average 3.2 million barrels per day (bpd), Energy Aspects analyst Amrita Sen said in a research note. "The longer these outages, the quicker the pace of rebalancing," Sen said. "Although refining margins remain weak, we maintain our view that persistent crude stock draws (will) begin by end Q2 16," she said. The disruptions triggered a U-turn in the outlook for the oil market from Goldman Sachs. The U.S. bank, which had long warned of global storage hitting capacity and of another oil price crash to as low as $20 a barrel, now sees U.S. crude trading as high as $50 in the second half of 2016. A further bullish note was sounded by the U.S. Energy Information Administration (EIA) when it said shale oil output is expected to drop in June for an eighth consecutive month. Shale output is expected to fall by nearly 113,000 bpd to 4.85 million bpd, as the nearly two-year slump in prices continues to undermine profitability for drillers, the EIA report released on Monday shows. Oil prices were also drawing support from fires burning around the Canadian oil sands hub of Fort McMurray. The fires were growing and moving rapidly north late on Monday, forcing firefighters to shift their focus to protecting major oil sand facilities north of the city, officials said. A dozen work camps south of the major projects faced mandatory evacuation notices.
Dollar edges down, Aussie soars on less dovish RBA minutes
Amwal Al Ghad English - 2016-05-17 08:15:49
The dollar edged down slightly in Asian trading on Tuesday, while the Australian dollar soared after central bank minutes reduced expectations of an interest rate cut. The Aussie was already bolstered by a rebound in crude oil futures. U.S. crude hit a six-month high, as the market focused on supply disruptions that prompted long-time bear Goldman Sachs to issue a more bullish assessment. [O/R] Minutes of the Reserve Bank of Australia's (RBA) May policy meeting, at which policymakers reduced the cash rate by a quarter point to a record low 1.75 percent, were less dovish than some had anticipated. The Aussie was up 0.8 percent at $0.7349 AUD=D4 after rising as high as $0.7368, pulling decisively away from a two-and-a-half month low of $0.7236 plumbed in the previous session. "The fact that they discussed waiting for more info before cutting in May suggests there is a very low chance of an early follow up, and the chance (of a rate cut) in August should be reduced," said Shinichi Kashiwagi head of market sales for Japan at National Australia Bank in Tokyo.
Oil prices jump, Goldman Sachs says market flips into deficit
Amwal Al Ghad English - 2016-05-16 07:35:07
Oil prices jumped over 1 percent on Monday after long-time bear Goldman Sachs said the market had ended almost two years of oversupply and flipped to a deficit following global oil disruptions. Brent crude futures were trading at $48.47 per barrel at 0703 GMT, up 64 cents, or 1.3 percent, from their last settlement. U.S. crude futures were up 62 cents, or 1.3 percent, at $46.83 a barrel. Supply disruptions around the world of as much as 3.75 million barrels per day (bpd) have wiped out a glut that pulled down oil prices by as much as over 70 percent between 2014 and early 2016. The disruptions have now triggered a U-turn in the outlook of Goldman Sachs, which long warned of overflowing storage and another looming price crash. "The oil market has gone from nearing storage saturation to being in deficit much earlier than we expected," Goldman said. "The market likely shifted into deficit in May ... driven by both sustained strong demand as well as sharply declining production," it said, flipping the market from a 2 million bpd in 2015 supply overhang to a deficit of over 400 million bpd by the fourth quarter this year. However, Goldman cautioned that the market would flip back into a surplus of 258-403 million bpd in the first half of 2017. In Nigeria, output has fallen to its lowest in decades at around 1.65 million bpd following several acts of sabotage. In the Americas, Venezuela seemed on the brink of meltdown, triggering fears of default by its national oil company PDVSA, which has to make almost $5 billion in bond payments this year. Venezuela's oil production has already fallen by at least 188,000 bpd this year. In the United States, crude production has fallen to 8.8 million bpd, 8.4 percent below 2015 peaks as the sector suffers a wave of bankruptcies. And in China, output fell 5.6 percent to 4.04 million bpd in April, year-on-year. Countering this, supply rose from the Organization of the Petroleum Exporting Countries (OPEC) as its producers are engaged in a race for market share. OPEC pumped 32.44 million bpd in April, up 188,000 bpd from March, the highest since at least 2008. Also preventing steeper price jumps was a recovery in output in Canada following closures due to a wildfire, as well as bloated global crude storages. "The inventory buffer may be preventing full price recovery and ... the market is rightly nervous about the sustainability of outages," said Morgan Stanley. Barclays said that "while the supply-side disruptions are supporting oil market balances, refinery margins are starting to weaken, especially in Asia," adding that weaker demand from those refiners could produce "downside risk to prices in Q3 16."
Gold futures gain, but still drop nearly 1.7% for the week
Amwal Al Ghad English - 2016-05-14 09:16:17
Gold futures scored a gain Friday, but still suffered a loss for the week—the first in three weeks—pressured by overall strength in the U.S. dollar. Some of the latest U.S. economic data may raise the probability of higher interest rates, which also tend to pressure prices for the precious metal. Gold for June delivery GCM6, +0.24% added $1.50, or 0.1%, to settle at $1,272.70 an ounce, after trading between a high of $1,277.70 and low of $1,264 Friday. The contract saw a nearly 1.7% weekly decline, which was the first loss since the week ended April 22. July silver SIN6, +0.16% tacked on 2.9 cents, or 0.2%, to end at $17.132 an ounce. It saw a 2.3% weekly drop. Prices for gold and silver have suffered on the back of a stronger U.S. dollar. Commodities priced in dollars often trade inversely with the dollar, as moves in the U.S. unit can influence the attractiveness of those commodities to holders of other currencies. The ICE U.S. Dollar Index DXY, +0.44% rose again Friday and was set for a weekly climb of roughly 0.8%. The greenback rallied after data showed that U.S. retail sales climbed by 1.3% in April, the largest monthly gain in a year. The University of Michigan's consumer sentiment index also surged 7.6% to 95.8.in early May. Upbeat economic data are supportive of a Federal Reserve interest-rate hike. Higher interest rates can help boost the U.S. dollar and, in turn, weigh on dollar-denominated commodities such as gold. "The dollar rally has dented gold, but it's not like the bullion market walked under a ladder, broke a mirror, or crossed a black cat this Friday 13th," said Adrian Ash, head of research at BullionVault. "Gold priced in most other currencies is flat or higher on the week, supported again by [exchange-traded fund] inflows and bullish speculation in Comex futures." On Friday, the gold ETF SPDR Gold Trust GLD, +0.45% added 0.4%, while silver-focused iShares Silver Trust SLV, +0.37% was 0.3% higher. "Word is that allocated holdings of physical metal continue to grow amongst wealth managers too, and it's that big money which really counts for gold prices," said Ash. Meanwhile, "Asian demand remains notable by its absence, but that's nothing new as summer begins." Indian and Chinese demand both suffered from the price jump in the first quarter, as the World Gold Council's latest report shows, as well as from economic issues, said Ash. "So while weak summer demand shouldn't prove a drag on rallies, it could pose a risk if this consolidation fails and prices fall back in search of a floor." Tracking movements in other Comex metals, July copper HGN6, +0.17% ended about flat at $2.074 a pound, for a weekly loss of 3.7%. July platinum PLN6, +0.00% finished at $1,052.10 an ounce, down $1.90, or 0.6%. It was around 3% lower for the week. June palladium PAM6, -0.59% fell $4.25, or 0.7%, to $592.40 an ounce, down roughly 2.4% on the week.
Oil pushes back from six month high, but notches a weekly gain
Amwal Al Ghad English - 2016-05-14 09:12:15
Oil futures settled lower on Friday as investors worried that recent gains in prices, which finished the week more than 3% higher, may encourage crude producers to ramp up output. Prices, however, pared down some of their earlier losses after data on the number of active U.S. rigs drilling for oil showed a decline for an eight straight week. June West Texas Intermediate crude CLM6, -0.71% fell 49 cents, or 1.1%, to settle at $46.21 a barrel on the New York Mercantile Exchange. Prices were trading around $46.06 shortly before the rig count figures. For the week, they finished roughly 3.5% higher. WTI oil posted a decline last week, but saw gains in each of the four weeks before that. July Brent crude LCON6, -0.48% on London's ICE Futures exchange fell 25 cents, or 0.5%, to $47.83 a barrel. It traded around 5.3% higher on the week. Oil hit fresh six-month highs on Thursday after a report from the Paris-based International Energy Agency said global crude inventories will experience a "dramatic reduction" in the second half of the year on the back of strong demand falling supplies. Oil prices have gained with global supply "finally slowing down," said Naeem Aslam, chief market analyst at ThinkForex. The Organization of the Petroleum Exporting Countries said Friday in a report that shrinking U.S. output and massive cuts to investment in new oil projects will reduce the global oil glut over the course of this year. U.S. shale oil production has already "flattened," said Aslam. Government data released in mid-April showed expectations for a fall of 114,000 barrels a day in May oil production to 4.836 million barrels a day. The next update is due Monday. On Friday, weekly data from Baker Hughes BHI, -1.85% revealed a decline of 10 in the number of U.S. rigs actively drilling for crude, which now stand at 318. That was the eighth week in a row of declines. A retreat in shale-oil output and the drilling rig count have helped fuel recent price gains. But "it is important to keep in mind that there is still no cease-fire when it comes to oil production between OPEC members," Aslam said. OPEC output rose by 330,000 barrels a day in April to 32.76 million barrels a day—the highest level since 2008—amid a climb in output from Iran, according to the IEA.
Dollar rises, notching 2nd weekly advance in a row
Amwal Al Ghad English - 2016-05-14 08:59:16
The dollar strengthened sharply on Friday against the euro after a surprisingly strong reading on U.S. retail-sales growth calmed worries about slowing economic growth while bolstering the U.S. Federal Reserve's case for raising interest rates twice this year. Sales at U.S. retailers climbed 1.3% in April, the largest monthly gain in a year. Economists polled by MarketWatch expected a 1% increase. Consumer spending is a key driver of U.S. economic growth, and the rebound in April bodes well for second-quarter gross domestic product. The Atlanta Fed's GDPNow indicator is forecasting GDP growth of 2.8% for the second quarter, up expectations of 1.7% growth on May 4. The ICE U.S. Dollar index DXY, +0.44% a measure of the buck's strength against a basket of six rivals, was up 0.5% to 94.6160 late Friday in New York after briefly hitting a more than two-week high earlier in the session. The index logged a weekly gain of 0.8%—its second weekly rise in a row. The dollar gauge has logged a weekly gain in four of the past five weeks. Meanwhile, the buck posted its second straight weekly gains against the euro and pound. Though the retail sales report suggested consumer spending has been stronger this year than previously thought, analysts cautioned that investors would likely need to see more strong economic data before it materially impacts their expectations for the pace of Fed rate hikes. "We won't go a million miles on the back of one print like this but it encourages people to say 'look, the Fed will be hiking rates and the ECB and BOJ won't be," said Kit Juckes, chief currency strategist at Société Générale. In other data released Friday, producer prices rose a tepid 0.2% in April after two straight months of declines, suggesting that price inflation at the wholesale level remains largely absent. Other data released Friday was moderately more positive. The University of Michigan's gauge of consumer sentiment showed a stronger-than-expect rise, as did a reading on business inventories. One dollar USDJPY, -0.35% bought ¥108.64 late Friday in New York, down from ¥108.99 late Thursday in New York. The euro EURUSD, -0.6065% bought $1.1307 late Friday in New York after touching a two-week low against the dollar earlier in the session. By comparison, the shared currency traded at $1.1377 late Thursday. The pound GBPUSD, -0.5951% also weakened, trading at $1.4368 late Friday in New York, compared with $1.4447 late Thursday. Over the past week, several Fed officials have said two rate hikes this year remains a possibility as long as U.S. economic data continues to show improvement. Juckes said this was an attempt to correct investors' views on what the Fed might do. In a set of projections released in March, a majority of Federal Reserve policy makers said they expected to raise interest rates twice this year. A previous set released in December called for four hikes. But investors have been skeptical. The Fed-funds futures market, a widely watched gauge of investors thinking on the timing of Fed rate hikes, was pricing in only a 57% probability of just one hike this year, according to a reading on the CME Group's FedWatch tool Friday afternoon in New York. "The market has walked itself an awfully long way from the dots and the Fed governors don't want to let it go forever," Juckes added. San Francisco Fed President John Williams will speak to the Sacramento Economic Forum in Sacramento, Calif., at 6:25 p.m. Eastern Time.
Yen weaker on BOJ easing talk, BOE's 'Super Thursday' in focus
Amwal Al Ghad English - 2016-05-12 09:42:48
The yen fell on Thursday as investors sold the currency amid speculation that the Bank of Japan could decide to expand its monetary stimulus as soon as next month. Talk of more action gathered pace after prominent Japanese academic Takatoshi Ito said the BOJ is likely to expand monetary stimulus either in June or July. Ito is said to have close ties to Governor Haruhiko Kuroda. For his part, Kuroda said the BOJ won't hesitate to take further easing steps if necessary, adding that there were still large downside risks to Japan's economy. The BOJ introduced negative rates earlier this year, but that has had little impact on the yen or economic data, so far, analysts say. The dollar rose 0.5 percent to 108.97 yen JPY=, recovering from a 18-month low of 105.55 yen on May 3, after the BOJ held off from expanding its monetary stimulus at its policy meeting in late April. Traders have been cutting favorable bets on the yen following a series of warnings from Japanese Finance Minister Taro Aso that Tokyo would intervene to curb any excessive one-sided gains. "With policy easing speculation gaining ground and the Finance Minister talking down the yen, it is clear they do not want a stronger currency," said Niels Christensen, FX strategist at Nordea. Many analysts believe Japan will be wary of intervening before it hosts a Group of Seven meeting this month, even though Tokyo is unhappy with the yen's rise of more than 10 percent so far this year. "For dollar/yen, it would appear that it is now caught in nervous range trade around 105 to 110," said Heng Koon How, senior currency strategist for Credit Suisse Private Banking Asia Pacific. "It is likely that Tokyo is still trying to build consensus and agreement on intervention both internationally and domestically." The focus in Europe will be on "Super Thursday" as investors prepare for the Bank of England's monetary policy decision, its minutes, the quarterly Inflation Report and a press conference from Governor Mark Carney. With the Brexit debate raging, chances are the monetary policy committee could sound dovish and the Bank may downgrade growth forecasts. The pound on the defensive as polls showed the vote on Britain's membership in the European Union on June 23 is still too close to call. It was down 0.2 percent at $1.4415 GBP=D4, not far from its two-week low of $1.4375 touched on Monday. The Norwegian crown EURNOK= was slightly higher before a Norges Bank rate decision at 0800 GMT. The bank is expected to keep rates unchanged, but with first-quarter growth data also due at the same time there is a chance that the numbers could show the Norwegian economy has stagnated. ECONNO "If the Norges signals more rate cuts for September, we could see the crown drop. The market is pricing in a 50/50 chance for a move in September," said Nordea's Christensen.
Oil prices steady as return of Canadian output offsets tighter global market
Amwal Al Ghad English - 2016-05-12 09:06:55
Oil prices were steady on Thursday, weighed by the gradual return of Canadian oil sands output but supported by a surprise drop in U.S. crude inventories and a tightening global market. International Brent crude futures were trading at $47.63 per barrel at 0712 GMT on Thursday, up 3 cents from their last settlement. U.S. West Texas Intermediate (WTI) crude futures CLc1 were 1 cents lower at $46.22. Traders said an expected increase in Canadian oil sands crude output following disruptions to over 1 million barrels of daily production capacity due to wildfire was weighing on markets. However, an unexpected fall in U.S. crude inventories along with a tightening global market were supporting prices, traders said. The U.S. Energy Information Administration (EIA) said on Wednesday that U.S. crude inventories fell 3.4 million barrels to 540 million barrels last week, compared with analyst expectations for an increase of 714,000 barrels and the American Petroleum Institute's (API) reported build of 3.5 million barrels in preliminary data issued on Tuesday. "With (refinery) runs recovering and production dropping, U.S. (crude) stocks should begin drawing steadily from now," consultancy Energy Aspects said on Thursday. "We estimate that North American inventories can fall by as much as 12 million barrels across May and June," it added. OPEC TALKS, NO ACTION Globally, supply cuts and disruptions in the Americas, Asia and Africa have significantly tightened the market in recent weeks, virtually eliminating a global supply overhang which rose as high as 2 million barrels per day over the past year. Middle East oil exporter Kuwait said that recent price rises were fundamentally justified. "Based on the decrease in production that has been shown in the last three weeks, I assume fundamentally the price represents the fall of production," Kuwait's acting oil minister Anas al-Saleh told Reuters on Thursday. He also said that the Organization of the Petroleum Exporting Countries (OPEC), of which Kuwait is a member, would not seek price supporting market intervention during its next scheduled meeting on June 2, and instead focus on dialogue among the producer cartel. At an April producer meeting, OPEC rivals Saudi Arabia and Iran could not agree on deal terms, triggering criticism that the producers' cartel had lost its ability to act.
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Mackinac Center for Public Policy Staff Economist Michael LaFaive talks about industrial policy in an interview with Michigan Public Radio. This interview was conducted on July 29th, 2002.
Listen to the Michigan Public Radio segment in either of two formats. Play time is 3:59.
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text:
Lakers' victory over Warriors actually showed depth
While so much of the credit for the Lakers' rally over Golden State was going to Steve Nash, the feel-good sentiment in the postgame locker room was largely because of how many players had turns in the spotlight.
"Everybody contributed," Kobe Bryant said.
Metta World Peace contributed repeated big baskets including a clutch 3-pointer late in regulation. Jodie Meeks continued to log serious court time, although he sat down in the final minutes for World Peace to come back into the game. Pau Gasol had five of the Lakers' 20 turnovers, but after a fourth-quarter rest he returned with the Lakers down by seven points and proved he deserved to be on the floor with assists on three of the Lakers' next four baskets (two by Meeks) to gain the lead.
Dwight Howard, plagued by foul trouble, praised teammate Jordan Hill for being integral to the victory, and it remains to be seen whether Hill's great effort earns him a spot in the rotation again despite Lakers coach Mike D'Antoni preferring to field a smaller lineup. Hill had 14 points and eight rebounds in 21 minutes.
Bryant's 34 points -- he launched 41 field goals while not getting a single free-throw attempt aside from one courtesy of a technical foul -- meant he scored at least 30 points for the eighth consecutive game. No one else in NBA history to play at 34 or older has done it for more than five consecutive games: Michael Jordan had five consecutive 30-point games in 1997-98; Kareem Abdul-Jabbar had five consecutive 30-point games in 1981-82.
-- Reporting from Oakland
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I give thanks to God, for when I found Esmeralda-I found a truly, sincere person who really goes above and beyond to help others in need! Honestly, I was at a place in my life where I thought that I had no one to talk to, that would really understand the bad situation that I was in and had endured my entire life. Whenever I speak with Esmeralda, I feel comfortable and rest assured afterwards-for she always has my best interest in mind. She does an amazing job guiding and directing me towards the best course of action and solution to the problem at hand. All that I can say is that she is really blessed and gifted and always on point! I would highly recommend her to anyone that needs a listening ear and helping hand. If you want someone that is true to their word and a wonderful confidante-what are you waiting for?!? Contact Esmeralda today!!
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From Business: At the forefront of the spiritual realm since our inception in 1985, the Psychic Eye Book Shops, created by Robert Leysen and Mary Kara, are the largest and most co…
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I spoke to Psychic Ann and she was very much tuned in with my situation it was amazing I never told her anything about my boyfriend and she told me everything we have been through recently she even told me about the ring she seen that was SECRETLY in my purse!!! It was a promise ring he gave me recently in which he made a promise and Ann verified that! by the way she is Esmeraldas Superior now it all explains why Esmeralda has great reviews you must visit Psychic Ann if you need clarity and direction in your relationship she will give you an accurate reading and point you in the right direction.
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City Man Dies After Crash
Ever Considered Audiobooks?
CEO Testifies On Bank 'Lotteries'
EMU Looks To Up Enrollment
Dayton Takes On Nuisance Properties
Posted: June 27, 2013
By PRESTON KNIGHT
HARRISONBURG — A makeover will not come cheaply for Harrisonburg's downtown.
Jim Baker, director of the Public Works Department, presented early cost estimates to City Council on…
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Click here to print the obituary below
Geneva LeBeau(March 31, 2013)
Geneva LeBeau, 86, of Mt. Sterling, passed away Sunday, March 31, 2013.
Preceded in death by her husband of 56 years, Kenneth LeBeau; sisters, Katherine Emrick and Maxine Beale; and great-grandson, Austin Ray.
Survived by daughters, Pamela (Paul) Wright of Orient, Karla (David Griffith) LeBeau of Mt. Sterling; granddaughters, Kristin (J.J.) Henry, Kimberly (Dom Mace) Wright; great-grandchildren, Nicholas, Karlee, Taylor, Tyler, and Troy; several nieces, nephews, and a host of good friends.
Family will receive friends from 5-8 p.m. Thursday, April 4, at THE PORTER-TIDD FUNERAL HOME, 33 W. Main St., Mt. Sterling, OH 43143, where a funeral service will be held at 11 a.m. Friday, April 5, 2013. Rev. Dortha Ross will be officiating. Interment will be Pleasant Cemetery.
In lieu of flowers, memorial contributions may be made to Loving Care Hospice of Madison County, 56 S. Oak St., London, OH 43140.
Online condolences can be made at
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Published in The Madison Press on Apr. 2, 2013


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Nothing attracts tourists to Chattanooga and makes locals go downtown on Christmas Eve than this new "Parking Authority" writing tickets to every car on the street that didn't pay the meter on Christmas Eve. I have worked downtown for 20 plus years and have never paid the meter on Christmas Eve. To me this is just a lowdown way for the city to make a little extra cash.
I think this is one of the most petty things and, to top it off, I even asked the guy giving me the ticket what he thought about it.
This casts a negative light over the city and it embarrassed me as a citizen.
* * *
Once again, a review of all the changes in parking enforcement rules downtown needs to be reviewed by everyone. Don't count on tradition to determine your actions. The one universal constant is that all things change over time.
In regards to visitors, how would they know the parking enforcement rules? It's actually very easy for everyone involved. Always be prepared to feed the meters. It's a matter of taking an adult approach to life in general. Never assume and be prepared.
Ted Ladd
East Ridge
Mr. Ladd is correct about one thing: it IS very easy for everyone involved. I will personally just stop coming downtown for anything. I will no longer visit the Discovery Museum, Aquarium or walk the shops on Northshore. I won't bother going to the galleries or restaurants. That way I won't have to run back to my car every two hours and move it to a new location lest I be towed (remember we can't just add money and continue shopping or dining). I will enjoy the shops in Hixson, Cleveland, Chickamauga, Dayton, and Dalton instead. Longer drive? Yes. But worth it for the lack of hassle every two hours.
D.J. Locke
To the usual carpers: Learn how to pay, or go elsewhere. Fine with me.
Betsy Bramlett
I sympathize with Mr. Locke and others about parking rules downtown. Don't think of it as downtown anymore. It is now River City.
If that non-governmental entity decides to take over the bridges, we not only shall be concerned about having the correct change or the special charge card for the new meters, we shall be stymied by the cost of rental of a paddle for our own canoe.
C.S. Parton
June 26, 2016
June 25, 2016
I'm pleased and indeed compelled to let you know a bit more about the exciting and most honorable "Charles H. Coolidge Medal of Honor Heritage Center" planned for Coolidge Park. ... (click for more)
Coeur d'Alene, Idaho, is a really cool place. I tried to buy a huge mounted buffalo head in an antique store there one time until I found out the shipping charges were four times what the head ... (click for more)
I got an unusual telephone call the other day from someone I love who asked my help in solving one of life's delicate mysteries. It is a tough question: "How do you tip a preacher?" In the first ... (click for more)
I'm pleased and indeed compelled to let you know a bit more about the exciting and most honorable "Charles H. Coolidge Medal of Honor Heritage Center" planned for Coolidge Park. Here's what the Heritage Center will be: It will be a fitting capstone for Chattanooga's Coolidge Park on Northshore in downtown Chattanooga. While this exceptional Chattanooga ... (click for more)
Coeur d'Alene, Idaho, is a really cool place. I tried to buy a huge mounted buffalo head in an antique store there one time until I found out the shipping charges were four times what the head was worth. But suddenly my rapt attention is riveted on Coeur d'Alene again because a dazzling social experiment is taking place this very moment at a plush resort in north Idaho. Several ... (click for more)
The family of legendary Lady Vol coach Pat Summitt was at her bedside on Sunday. Erin Freeman, of the Pat Summitt Foundation, released this statement: "On behalf of Pat Summitt's family, we acknowledge the past few days have been difficult for Pat as her early onset dementia, 'Alzheimer's Type,' progresses. "She is surrounded by those who mean the most to her and during ... (click for more)
Chattanooga firefighters were called to a fire at the city's wood recycling center on N. Hawthorne Street around noon on Sunday. Battalion Chief Don Bowman said the smoke and flames could be seen from several miles away. Firefighters with five fire companies worked to get the blaze under control, using master streams from two aerials and some hand-held hoselines. The ... (click for more)
Sunday was a hot, hot day, but that didn't keep nearly a thousand local and regional triathletes from around the Southeast from putting their best foot forward in the annual Waterfront Triathlon in downtown Chattanooga. Chris Douglas and Sara Gibson were the overall winners in the International distance race, which started with a 1.5K (.93 mile) swim, followed by a 42K (26 ... (click for more)
For just the fourth time this season, the Jackson Generals have lost a series with Sunday's 6-2 loss to the Chattanooga Lookouts at AT&T Field in Chattanooga, Tennessee. The Lookouts have won three of the first four in the five-game series in their quest to make it to the Southern League playoffs again. Aaron Slegers started for Chattanooga and picked up the win after eight ... (click for more)


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The Honolulu-based liner carrier will launch its South Pacific Express service in August, which will transport U.S. West Coast cargo transshipped at Honolulu to Samoa, American Samoa, Tonga and Fiji.
The French ocean carrier said it intends to have Singapore's Neptune Orient Lines delisted from the Main Board of the Singapore Exchange as it pushes forward to acquire all of the shipping company's shares.
A new port navigation system consisting of 12 off-shore buoys and two land-based range markers, will allow for night time operations at the Liberian port for the first time in three decades, APM Terminals said in a statement.
Registration takes less than 1 minute.
South Korea's second largest shipping line seems to be turning a corner in its debt restructuring of late, and has now set its sights on joining the leading vessel sharing agreement by capacity on the major east-west trades.
Ocean carriers Maersk Line, CMA CGM, Hapag-Lloyd and MOL issued general rate increases on multiple trades.
About 2,000 pilots that work for five DHL Express network cargo carriers in North America authorized a strike action in advance of parent company Deutsche Post DHL Group's annual shareholder meeting Wednesday.


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Marijuana and the illuminati
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First of all you freakin stoners = ALL MARIJUANA IS GMO!!! =All the seed of the plants YOU smoke that has 100 TIMES the cannabinoids than what your forefathers smoked is FROM THE UNIVERSITY OF MISSISSIPPI. How do you think it got that way???? "Since 1968, the University of Mississippi has maintained the nation's only legal marijuana farm in the world" ...to this DAY. "THE GENETICS (of U of M seed) COME FROM MONSANTO" Google it!!! You guys are the biggest hippocrites of all !!!
link to community.kpfz.org
The process involves a chemical called colchicine to increase cannabinoids by 100 times... and genetic manipulation of the dna, AND vectors (big word: man made viruses) were used etc. as any other GMO plant. The University of Miss. was legally able to send all it's bud to the Kenex corp in Canada and the HortaPharm corp in Amsterdam. From there these corps with various university's Genetic 'research' programs were able to supply the GLOBAL MARKET. Everyone knows that the 1970's pot those hippies smoked doesn't exist anymore. All their breeding was done waaaay before the general public caught on. What stoners are too stoned to know is that everything you smoke is mutant and is from Monsanto's special breeding program @ U of M designed and targeted at EUGENICS (big word: population control) of the "UNDESIRABLES" ie. the dregs of society,....YOU.
"Monsanto, GW Pharma, Bayer and HortaPharm hold the genetic copyrights to all Cannabis strains on the planet." GW Pharma and Horta have applied Terminator Technology from Monsanto to their cannabis patents.
Don't any of you, thru your hazey smoke find it strange that the moment that ALL pot was Genetically altered and no heirloon seed could be found that the governemnt is allowing it to be used as a drug (medical marijuana) backed by the pharmaceutical industry?.... which has never created anything positive. First time in history that it is legal by the state so biotech Pharmacies can wage bio terrorism against the undesirables. BUT the federal gov opposes it so that when people wake up to the damages the Feds can claim innocence by saying they deemed it illegal. Genius!
I lived in Kauai and Maui for the last 9 years. Everyone I knew smoked and thru osmosis I learned a lot. One thing I learned is that the only stuff out there is the stuff that is 100 times stronger than what they smoked in the 70's. Unfortunately the only way to increase cannabinoids by 100 TIMES is thru an genetic engineering process using colchicine and an agrobacterium. Agrobacterium tumefaciens. THIS EQUALS GMO.
"Some of the fastest advances in improving Cannabis and other plants have been through
application of chemicals or hormones. For example, inducing chromosomal duplications
in plants has been occurring since the discovery of colchicine. This chemical interferes
with the proteins that pull chromosomes apart during cell division. Applying colchicine
has been shown to cause complete genome duplications."
This is what U of Mississippi has been doing since 68.
Although colchicine is commercially available, performing more drastic genetic
experiments are not so easily available. These require special aseptic conditions and
access to the necessary technology. Once these obstacles are overcome, transforming
Cannabis with any gene is simply a game of experimentation.
It is indeed possible to control genes and cause them to be upregulated in order to
increase their gene product. To do this, the known gene has to be attached, or ligated, to a
special region that communicates this to the Cannabis cell. This region is called a
promoter region, since it promotes the expression of that gene. The promoter region sits
just ahead of the gene along the chromosome.
Some promoter regions have been found to have such strong expression activity, that they
are routinely used in plant biotechnology. One such promoter is called the CaMV 35S
promoter (Venter, 2007). This promoter was first found in a virus, then carefully
removed, and finally ligated to a plant gene. When researchers did this they found that
whatever gene was attached resulted in a constant expression of that gene. The CaMV
35S promoter has since proven to be a useful promoter to make transgenic plants that
express large amounts of a foreign gene.
GOOGLE IT. CaMV 35S a robust man made virus... almost identical to HIV in the lab. This is another vector theyve been utilizing in GMO pot for decades.
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