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The Lo-Fi Cowboys at KRCC
By Noel Black On June 4, 2010 · 2 Comments · In A Big Something, KRCC, Local History, Local Museums, Music, Videos
Both cynic and prophet, Chuck Snow is nothing if not a Quixotic keeper of the flame of the Southern Colorado rock scene that must often be rekindled from embers, even when it means stoking the fire with cover songs at a happy hour on Tejon Street. Once the lead-man for the great local alt-rock hope that was the Auto-No from 1983 to 1997, Snow has since applied his his garage-rock sensibilities to bands from The Lazy Spacemen to the The Texas Seven, all of which finally led him to the old-time, countrified rock of his latest band, the Lo-Fi Cowboys (with Collin Estes, in the video above, Kevin Waybright and Ric Carney) . We're certain that Chuck will be both honored and dismayed to hear the plaintive, leathery melodies of the Lo-Fi Cowboys described as a decidedly Colorado Springs sound. He's earned it.
The Lo-Fi Cowboys play TONIGHT at Stargazers Theater with The Foxhole Prayers. It's a benefit for the Colorado Springs Pioneers Museum and the suggested donation is a mere $5. Doors open at 7 p.m.
Watch an acoustic performance of Lo-Fi Cowboy produced by Craig Richardson above.
2 Responses to The Lo-Fi Cowboys at KRCC
Amber says:
For all of us who grew up seeing Chuck play at the Deluxe Tavern and have followed his projects since then, thank you for this, Noel. Between Chuck's music and writing contributions, we are lucky to have him as a local icon and rebel rouser. Love him so much!
Ron says:
Very nice sound. I think Collin's keyboard is probably older than he is. I have a DX-7 I've been packing around since the middle 80s.
Good luck on the project and thanks for the opportunity to listen.
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KRCC presents ARLO GUTHRIE
Pikes Peak Center
Saturday July 13, 2013 8pm
reserved seating through Ticketswest.com
7th Annual Blues Under The Bridge – July 20th, 2013
WATERMELON SLIM & THE WORKERS, JOHN HAMMOND, BLUES CARAVAN W/ JOANNE SHAW TAYLOR, THE SLIDE BROTHERS, D.B. REILLY, and THE JUST US LEAGUE
www.BluesUnderTheBridge.com for festival information
KRCC Member tickets on sale for $25. General Public tickets on sale for $35. VIP tickets $91.50. Day of show tickets $40 at the west gate. Tickets available through www.TicketFly.com or at KRCC.
Pre-festival Party Friday July 19th from 5-8pm at the Wyndham Grand Mining Exchange with Watermelon Slim, and Big Jim Adams!
Pre-festival shows at Jack Quinns with:
BJ Estares and Route 66 on Wednesday July 17th at 7:30pm!
The Delta Sonics with Al Chesis on Thursday July 18th at 7:30pm!
Austin Young on Friday the 19th at 9pm!
KRCC presents TAB BENOIT
Colorado Springs, City Auditorium
Wednesday, July 31st
KRCC Member Tickets on sale now for $16 at the KRCC Studios.
General public tickets on sale through www.AMusicCompanyInc.com .
KRCC and the Fine Arts Center present VIEUX FARKE TOURE
Colorado Springs Fine Arts Center, Monday August 5th, 7pm
KRCC tickets on sale now for $15 at KRCC.
FAC member tickets on sale for $15, and general public tickets on sale for $25 at the Fine Arts Center Box Office, or through www.csfineartscenter.org
KRCC presents DIANA KRALL
Pikes Peak Center
Wednesday, September 25th 7:30pm
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Pikes Peak Center, Saturday October 12th, 2013 8pm
KRCC member pre-show meet and greet opportunity 6:30-7:30pm – pre-show meet and greet tickets available for $40 to members ONLY at the station.
Advance KRCC member tickets on sale now through August 2nd through www.TicketsWest.com. Enter member promo code and click find.
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KRCC presents BONNIE RAITT
Pikes Peak Center
Wednesday, October 16th 8pm
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After the phone company said they couldnÂt do it because there was no service going into my unit and another guy said he had to run a cable all the way to the phone room down stairs Keith at jacksnstuff.com found out that my service actually came from the office next door, the office had been divided in 2 at some point in time. He wired my office for a fraction of what the other guy quoted, was very professional and from what I could see he really knew what he was doing.
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subset: commoncrawl


text:
(Carleton University, Ottawa, ON, Canada)
Chair, Smooth Muscle Research Group
Canada Research Chair & AIHS Senior Scholar
Associate Professor, Biochemistry & Mol. Biology
Room GAA20, HRIC Building
3280 Hospital Drive NW,
Calgary, AB, T2N 4Z6
Phone Office: (403) 210-8433
Phone Lab: (403) 220-6636
Fax: (403) 270-2211
E-mail: email@example.com
Current research efforts are focused on four main topics:
(1) Zipper-interacting Protein Kinase (ZIPK) and the Control of Smooth Muscle Contraction
ZIPK is a Ser/Thr-protein kinase that has been linked to the regulation of a number of processes, including cellular motility, programmed cell death and smooth muscle cell contraction. Interaction of ZIPK with different scaffolding and substrate pools have important functional implications regarding its ability to regulate vascular smooth muscle contractile capacity. Primarily, we are investigating the molecular mechanisms whereby ZIPK contributes to smooth muscle contractility through the regulation of myosin phosphatase phosphorylation. Our studies address the molecular and structural elements of ZIPK and apply this foundational information to examine the contribution of the kinase to vascular smooth muscle contractility in health and disease. Additional objectives are aimed at identifying specific ZIPK inhibitors as well as identifying ZIPK substrates through complementary chemical-genetics strategies.
(2) Smoothelin-like 1 (aka SMTNL1 or CHASM) and Smooth Muscle Contraction.
We recently discovered a novel smooth muscle protein that promotes an exaggerated vascular contractile phenotype. The SMTNL1/CHASM protein is part of an adaptive contractile response of smooth muscle to various perterbations, including exercise, aging and pregnancy. Our research examines the molecular and structural elements governing the association of SMTNL1/CHASM with important muscle proteins (i.e., calmodulin and tropomyosin) as well as the physiological signfiicance of these interactions on vascular smooth muscle biology.
(3) Intestinal Motile Dysfunction Associated with Gastrointestinal Inflammation.
Inflammatory mediators have a profound effect on smooth muscle contraction and hence intestinal motility. We are examining the molecular events underlying phenotypic changes in contractile responses of the intestine to pathological inflammation. The underlying mechanisms for the regulation pathophysiology of smooth muscle function in Crohn's disease and ulcerative colitis is being examined. Research is determining how signaling mechanisms that control smooth muscle contractility are compromised in these inflammatory bowel diseases.
(4) The Pathogenesis of Clostridium difficile-associated Colitis
Clostridium difficile (Cdf) is the leading cause of hospital-acquired infectious diarrhea, and recent epidemics in Canada have placed a heavy econoic and social burden on health care provision. We are investigating innate mechanisms that contribute to disease progression. For example, hypoxia-inducible factor (HIF-1) plays a vital innate protective role in Cdf-associated colitis. Furthermore, our investigations are also examining the molecular mechanisms that underlie GI contractile changes with Cdf infection. An understanding of signaling pathways affected by Cdf to induce contractile dysfunction (i.e., toxic megacolon) may lead to targeted therapy and improved clinical outcomes.
Archives of Biochemistry and Biophysics Special Issue "Protein Kinases and phosphatases: regulators of motile systems." Link to Special Issue
M.P. Walsh, J.A. MacDonald (2011) Guest Editors' Introduction. Arch Biochem Biophys 510(2): 73-75.
M.E. Grassie, L.D. Moffat, M.P. Walsh, J.A. MacDonald (2011) The myosin phosphatase targeting protein (MYPT) family: A regulated mechanism for achieving substrate specificity of the catalytic subunit of protein phosphatase type 1. Arch Biochem Biophys 510(2): 147-159.
L.P. Schenck, S.A. Hirota, C.L. Hirota, P. Boasquevisque, S.E. Tulk, Y. Li, A. Wadhwani, C.T.A. Doktorchik, W.K. MacNaughton, P.L. Beck, J.A. MacDonald. (2013) Attenuation of Clostridium difficile toxin-induced damage to epithelial barrier by ecto-5'-nucleotidase (CD73) and adenosine receptor signaling. Neurogastroenterol Motil [Epub ahead of print]
G.D. Armstrong, D.R. Pillai, T.J. Louie, J.A. MacDonald, P.L. Beck. (2013) A potential new tool for managing Clostridium difficile infection. J Infect Dis [Epub ahead of print]
J.A. MacDonald, L.D. Moffat, A. Al-Ghabkari, C. Sutherland, M.P. Walsh (2013) Prostate-apoptosis response-4 phosphorylation in vascular smooth muscle. Arch Biochem Biophys [Epub ahead of print]
N.A. Bracey, P.L. Beck, D.A. Muruve, S.A. Hirota, J. Guo, H. Jabagi, J.R. Wright, J.A. MacDonald, J.P. Lees-Miller, D. Roach, L.M. Semeniuk, H.J. Duff. (2013) The Nlrp3 inflammasome promotes myocardial dysfunction in structural cardiomyopathy through IL-1beta. Exp Physiol 98(2): 462-72.
S.A. Hirota, V. Iablokov, S.E. Tulk, L.P. Schenck, H. Becker, J. Nguyen, S. Al Bashir, T.C. Dindle, A. Laing, J. Liu, Y. Li, J. Bolstad, G.L. Mulvey, G.D. Armstrong, W.K. MacNaughton, D.A. Muruve, J.A. MacDonald*, P.L. Beck*. (2012) Intrarectal instillation of Clostridium difficile toxin A triggers colonic inflammation and tissue damage: development of a novel and efficient mouse model of Clostridium difficile toxin exposure. Infect Immun 80: 4474-84. (* co-senior PIs)
M.E. Grassie, C. Sutherland, A. Ulke-Lemee, M. Chappellaz, E. Kiss, M.P. Walsh, J.A. MacDonald. (2012) Cross-talk between Rho-associated kinase and cyclic nucleotide-dependent kinase signaling pathways in the regulation of smooth muscle myosin light chain phosphatase. J Biol Chem 287: 36356-69.
B.D. Gulbransen, M. Bashashati, S.A. Hirota, X. Gui, J.A. Roberts, J.A. MacDonald, D.A. Muruve, D.M. McKay, P.L. Beck, G.M. Mawe, R.J. Tompson, K.A. Sharkey. (2012) Activation of neuronal P2X7 receptor-pannexin-1 mediates death of enteric neurons during colitis. Nature Medicine 18(4): 600-4.
J.A. MacDonald, E.I. Butler, H. Ishida, A. Ulke-Lemee, M. Chappellaz, S.E. Tulk, J.K. Chik, H.J. Vogel (2012) The intrinsically disordered N-terminus of CHASM interacts with the calponin homology domain to enable tropomyosin binding. Biochemistry 51(13): 2694-705.
J.A. Hirota, S.A. Hirota, S.M. Warner, D. Stefanowicz, F. Shaheen, P.L. Beck, J.A. MacDonald, T.L. Hackett, D.D. Sin, S. Van Eede, D.A. Knight (2012) The airway epithelium nucleotide-binding domain and leucine-rich repeat protein 3 inflammasome is activated by urban particulate matter. J Allergy Clin Immunol 129(4): 1116-1125.e6.
E. Ihara, M. Chappellaz, S.R. Turner, J.A. MacDonald (2012) The contribution of protein kinase C and CPI-17 signaling pathways to hypercontractility in murine experimental colitis. Neurogastroenterol Motil 24(1): e15-26. PubMed Link
L.D. Moffat, S.B. Brown, M.E. Grassie, A. Ulke-Lemee, L.M. Williamson, M.P. Walsh, J.A. MacDonald (2011) Chemical genetics of zipper-interacting protein kinase reveal myosin light chain as a bona fide substrate in permeabilized arterial smooth muscle. J Biol Chem 286(42): 36978-91. PubMed Link
E. Ihara, H. Akiho, K. Nakamura, S.R. Turner, J.A. MacDonald (2011) MAPKs represent novel therapeutic targets for gastrointestinal motility disorders. World J Gastroint Pathophysiol 2(2): 19-25. PubMed Link
J. Fichna, M. Dicay, S.A. Hirota, D. Traboulsi, J.A. MacDonald, A. Janecka, P.L. Beck, J.K. Zjawiony, W.K. MacNaughton, M.A. Storr (2011) Differential effects of salvinorin A on endotosin-induced hypermotility and neurogenic ion transport in mouse ileum. Neurogastroenterol Motil 23(6):583-e212. PubMed Link
A. Ulke-Lemee, S.R. Turner, S.H. Mughal, M.A. Borman, R.J. Winkfein, J.A. MacDonald (2011) Mapping and functional characterization of the murine Smoothelin-like 1 promoter. BMC Mol Biol 12: 10-21. PubMed Link
S.A. Hirota, J. Ng, A. Lueng, M. Khajah, K. Parhar, Y. Li, M.S. Potentier, D.-M. McCafferty, K.P. Rioux, V. Lam, S. Ghosh, R.J. Xavier, S.P. Colgan, J. Tschopp, D. Muruve, J.A. MacDonald, P.L. Beck (2010) The NLRP3 inflammasome plays a key role in the regulation of intestinal homeostasis. Inflamm Bowel Dis 17(6): 1359-72. PubMed Link
A. Ulke-Lemee, H. Ishida, M.A. Borman, A. Valderrama, H.J. Vogel, J.A. MacDonald (2010) Tropomyosin binding properties of the CHASM protein are dependent upon its calponin homology domain. FEBS Lett 584: 3311-3316. PubMed Link
J. Ng, S.A. Hirota, O. GroB, Y. Li, A. Ulke-Lemee, M.S. Potentier, L.P. Schenck, A. Vilaysane, M.E. Seamone, H. Feng, G.D. Armstrong, J. Tschopp, J.A. MacDonald, D.A. Muruve, P.L. Beck (2010) Clostridium difficile toxin-induced inflammation and intestinal injury are mediated by the inflammasome. Gastroenterology 139(2): 542-552. PubMed Link
S.A. Hirota, K. Fines, J. Ng, D. Traboulsi, J. Lee, E. Ihara, Y. Li, W.G. Willmore, D. Chung, M.M. Scully, T. Louie, S. Medlicott, M. Lejeune, K. Chadee, G.D. Armstrong, S.P. Colgan, D.A. Muruve, J.A. MacDonald*, P.L. Beck* (2010) Hypoxia-inducible factor signaling provides protection in Clostridium difficile-induced intestinal injury. Gastroenterology 139(1): 259-269. (* co-senior PIs) PubMed Link
P.L. Beck, E. Ihara, S. A. Hirota, J.A. MacDonald, D. Meng, N.N. Nanthakumar, D.K. Podolsky, R.J. Xavier (2010) Exploring the interplay of barrier function and leukocyte recruitment in intestinal inflammation by targeting fucosyltransferase VII and trefoil factor 3. Am J Physiol Gastrointest Liv Physiol 299: G43-53. PubMed Link
M.J. Johnson, A. Wang, M.E. Catarino, L. Ball, V.C. Phan, J.A. MacDonald, D.M. McKay (2010) Extracts of the rat tapeworm, Hymenolepis diminuta, suppress macrophage activation in vitro and alleviate chemically-induced colitis in mice. Infect Immun 78: 1364-1375. PubMed Link
A. Ulke-Lemee, J.A. MacDonald (2010) Opportunities to target specific contractile abnormalities with smooth muscle protein kinase inhibitors. Pharmaceuticals 3: 1739-1760. Pharmaceuticals Link
Alberta Innovates- Health Solutions
Canada Research Chair Program (Link to CRC Profile).
Canadian Institutes of Health Research
Canadian Association of Gastroenterology
Heart & Stroke Foundation of Alberta, NWT and Nunavut
Research Technician / Laboratory Manager


text:
Often, an initially promising solution ends up falling short upon closer examination of the details. Naturalists encounter such a scenario when trying to use the multiverse to get around the cosmological and design implications revealed by scientific discoveries over the past century. At one time, simpler multiverse models appeared to produce a sufficient variety of universes that might explain the obvious fine-tuning of this universe without appealing to a divine Creator. However, more detailed and realistic models may dash those hopes. Read more about one problem encountered by multiverse advocates in this previous TNRTB.
P.S. The Get Fuzzy comic strip in the original article is from December 23, 2007.
If you would like to see a question about the multiverse addressed in this forum, send it to firstname.lastname@example.com.


text:
capacitor charge question
Hi all,
Rrecently I reform some large can capacitors, I notice some caps hold the charged voltage much longer than others. For example there's one that have voltage drop from 40 to 0 in an hour while the others would have only 3 v drop in 24 hours. Can someone enlighten me on this condition. Thanks for the help.
yeah I also have some large can capacitors that hold their charge for quite a while...
If they discharge quickly they are probably old and the electrolyte has broken down or something...
Yes....too much leakage...
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Sunday, December 11, 2011
India "Time of Reckoning" as its Economy "Explodes"
In fact, O'Neill has himself expressed disappointment in India, one of the BRICs, a designation that has boosted foreign investment in India and helped accelerate its economic growth since 2001.
"All four countries have become bigger (economies) than I said they were going to be, even Russia. However there are important structural issues about all four and as we go into the 10-year anniversary, in some ways India is the most disappointing," said O'Neill as quoted by Reuters.
Noting India's significant dependence on foreign capital inflows, Jim O'Neill went further and raised a concern about the potential for current account crisis. "India has the risk of ... if they're not careful, a balance of payments crisis. They shouldn't raise people's hopes of FDI and then in a week say, 'we're only joking'". "India's inability to raise its share of global FDI is very disappointing," he said.
United Nations data shows that India received less than $20 billion in FDI in the first six months of 2011, compared to more than $60 billion in China while Brazil and Russia took in $23 billion and $33 billion respectively. Stocks in all four countries have underperformed relative to the broader emerging markets equity index, as well as the markets in the developed nations. Pakistan's KSE-100 has significantly outperformed all BRIC stock markets over the ten years since BRIC was coined.
As India's twin deficits continue to grow and the Indian rupee hits record lows relative to the US dollar, there is pressure on Reserve Bank of India to defend the Indian rupee against currency speculators who may precipitate a financial crisis similar to the Asian crisis of 1997.
In addition to Jim O'Neill, a range of investment bankers are turning bearish on India. UBS sent out an email headlined "India explodes" to its clients. Deutsche Bank published a report on November 24 entitled, "India's time of reckoning."
"Suddenly everything seems to be coming to a head in India," UBS wrote. "Growth is disappearing, the rupee is in disarray, and inflation is stuck at near-record levels. Investor sentiment has gone from cautious to outright scared."
India's current account deficit swelled to $14.1 billion in its fiscal first quarter, nearly triple the previous quarter's tally. The full-year gap is expected to be around $54 billion.
Its fiscal deficit hit $58.7 billion in the April-to-October period. The government in February projected a deficit equal to 4.6 percent of gross domestic product for the fiscal year ending in March 2012, although the finance minister said on Friday that it would be difficult to hit that target.
As explained in a series of earlier posts here on this blog, India has been relying heavily on portfolio inflows -- foreign purchases of shares and bonds -- as a means of covering its rising current account gap. Those flows are called "hot money" and considered highly unreliable.
Indian policy makers face a significant dilemma. If they do nothing to defend the Indian currency, the downward spiral could make domestic inflation a lot worse than it already is, and spark massive civil unrest. If they intervene in the currency market aggressively by buying up Indian rupee, the RBI's dollar reserves could decline rapidly and trigger the balance of payment crisis Goldman Sachs' O'Neill hinted at.
Related Links:
Haq's Musings
India's Twin Deficits
Karachi Tops Mumbai in Stock Performance
India Returning to Hindu Growth Rate
Soft or Hard Landing For Indian Economy?
Karachi Stocks Outperform Mumbai, BRICs
21 comments:
- Ishita Sharma said...
Good article.
I liked your site, good information for South Asian investors.
- December 11, 2011 at 12:02 PM
- Riaz Haq said...
Here's a Bloomberg report on shrinking of industrial output in India:
India's industrial production shrank in October for the first time in more than two years, adding pressure on the central bank to pause this week after a record run of interest-rate increases.
Output at factories, utilities and mines fell 5.1 percent from a year earlier after a revised 2 percent gain in September, the Central Statistical Office said in a statement in New Delhi today. That's the first decline since 2009 and compares with the median estimate for a 0.7 percent drop in a Bloomberg News survey of 24 economists.
Manufacturing has moderated in nations from China to Brazil as Europe's debt crisis saps global growth, prompting officials to hold or lower borrowing costs. Prime Minister Manmohan Singh's efforts to bolster the Indian economy have been hampered by corruption scandals, inflation and the decision last week to stall the easing of investment rules for foreign retailers.
"The only policy authority that we are going to see responding to boost growth will be the central bank," Robert Prior-Wandesforde, a Singapore-based economist at Credit Suisse Group AG, said before the report. "Once the RBI is content with inflation and is sufficiently worried about growth, we will see it cut interest rates."
Prior-Wandesforde expects the Reserve Bank to keep the repurchase rate at 8.5 percent in the Dec. 16 policy meeting.
India's inflation rate has exceeded 9 percent every month this year as the rupee's 14 percent slump against the U.S. dollar during the period, Asia's worst performance, adds to the cost of imported goods. The BSE India Sensitive Index has lost a fifth of its value in 2011.
Slowing Inflation
India's benchmark wholesale-price inflation probably eased to 9.04 percent in November from 9.73 percent in October, according to the median of 24 estimates in another Bloomberg News survey. That would still be higher than the levels in Brazil, Russia and China, which including India make up the so- called BRIC nations. India's commerce ministry will unveil the data on Dec. 14.
Consumer prices rose 6.6 percent in Brazil, 6.8 percent in Russia and 4.2 percent in China last month.
Reserve Bank Governor Duvvuri Subbarao has raised the repurchase rate by 375 basis points since the start of 2010. That's the fastest round of increases since the central bank was established in 1935, Bloomberg data show.
Consumer demand has begun to wane as a result of higher borrowing costs.
The Society of Indian Automobile Manufacturers may cut its annual domestic passenger-car sales target as costlier loans and fuel prices sap demand for Maruti Suzuki India Ltd. and Honda Motor Co. vehicles, Sugato Sen, a senior director for the group, said last week.
Singh, halfway through his second term, is under pressure to revive a legislative agenda derailed by graft allegations in the award of telephone licenses and street protests against inflation. His government faces at least five regional elections next year, including one in Uttar Pradesh, India's most populous state.
The government on Dec. 7 was forced to suspend a decision to allow overseas retailers including Wal-Mart Stores Inc. to open supermarkets amid protests by the opposition and its allies that forced repeated adjournments of parliament for two weeks.
"This confirms the perception of policy paralysis and that hits investor sentiment which will ultimately hit growth," said Leif Eskesen, a Singapore-based economist at HSBC Holdings Plc. "It can have implications for medium term growth outlook."
- December 11, 2011 at 10:24 PM
- Riaz Haq said...
India industrial output falls 5.1%, reports Wall Street Journal:
Industrial output fell 5.1 % from a year earlier in October, after a 1.9% expansion in September, dragged down by a contraction in manufacturing and mining production, government data showed Monday.
The reading widely missed the median estimate in a poll of 15 economists for a contraction of just 0.55%.
Industrial output last fell in June 2009, when it shrank 1.8%.
Government bonds rose following the data amid growing expectations the RBI will hasten a rate cut. The benchmark 7.80% 2021 bond rose to 101.85 rupees from 101.76 rupees before the data and closed at 102.26 rupees.
Economists said a rate cut may come early next year if inflation continues to decline over the next few months.
"While the governor of the RBI continues to stress that he is more concerned about inflation than growth, this is the sort of number that will surely make him sit up and take notice," said Robert Prior-Wandesforde, director of Asian Economics at Credit Suisse.
The RBI, which has raised interest rates 13 times since March 2010, has previously said the likelihood of another increase at its next policy review on Dec. 16 was low.
Despite headline inflation likely remaining elevated at about 9% for November, the sharp contraction in production could prompt some monetary measures at the policy meeting this week, added Citigroup economists Rohini Malkani and Anushka Shah.
Monday's data showed that manufacturing output, which has a 75.5% weighting in the index of industrial production, fell 6% from a year earlier in October, compared with a 2.4% rise the previous month. Mining output shrank 7.2%, after falling 5.6% in September.
- December 12, 2011 at 10:40 AM
- Riaz Haq said...
Here's a Bloomberg report on India exaggerating its exports:
India's commerce ministry said it overstated merchandise exports by $9 billion in the eight months through November because of "misclassification and errors" in computing overseas sales.
"Notwithstanding the misclassification, there were errors in double counting and all sorts of things which inflated exports by about $9 billion," Commerce Secretary Rahul Khullar told reporters in New Delhi yesterday. Overseas sales in the April-to-November period now stands at $192.7 billion, Khullar said.
India's monthly export growth has averaged about 44 percent since April even as Europe's debt crisis and a faltering U.S. recovery reduced global consumer demand, prompting economists to question the quality of the data. Today's revision explains "in part the weakening of the rupee," Asia's worst-performing currency this year, said Jay Shankar, Mumbai-based economist at Religare Capital Markets Ltd.
"The global economy isn't doing well, so it was hard to understand how India was posting such fantastic export numbers," said Biswajit Dhar, director of New Delhi-based Research and Information System for Developing Countries. "There were reasons to believe something was going wrong."
The rupee weakened 0.6 percent to 52.04 per dollar in Mumbai yesterday, extending its decline this year to 14.1 percent. The BSE India Sensitive Index (SENSEX), which has lost a fifth of its value in 2011, dropped 1.7 percent. The yield on the 8.79 percent bonds due November 2021 rose two basis points, or 0.02 percentage point, to 8.54 percent.
Waning Demand
India's exports in November were $22.3 billion, Khullar said, without elaborating. Bloomberg calculations based on previously announced data show exports grew 3.7 percent last month from a year earlier, the slowest pace in more than two years.
The South Asian nation's imports in November were $35.9 billion, he said. Imports in the eight months through November were $309.5 billion, causing a trade deficit of $116.8 billion in the period, Khullar said.
India will get "close to, but not quite $300 billion in exports" in the year ending March 31, he said.
The South Asian nation's export growth has vacillated this year, surging 82 percent in July before slowing to an 11 percent gain in October, according to previously reported data by the commerce ministry.
A report by Mumbai-based Kotak Institutional Equities Research in October showed "wide gaps" in engineering export numbers released by the government and data culled from annual reports of the top 500 companies on India's exchanges for the year ended March 31.
While official announcement showed engineering exports jumped 79 percent to $68 billion in the year through March, data collected by Kotak from company reports indicated only an 11 percent increase to 638 billion rupees ($12.3 billion) during the period, according to the report written by Sanjeev Prasad, Sunita Baldawa and Amit Kumar.
- December 12, 2011 at 11:17 AM
- Riaz Haq said...
India rupee has slid 19% against US dollar since March this year, according to the Wall Street Journal:
The Indian rupee partially recovered from a fresh record low against the U.S. dollar Tuesday, aided by a late rebound in local stocks and as the euro pared its losses.
The dollar was at INR53.22 late Tuesday, after touching an intraday high of INR53.515, and compared with INR52.84 late Monday. The greenback's previous record high was INR52.85, on Monday.
The rupee has borne the brunt of global risk aversion emanating from the euro-zone crisis and due to concerns over high domestic inflation, slowing growth and a possible widening of the federal government's budget deficit.
The dollar has gained nearly 19% against the rupee since March, making it Asia's worst-performing currency this year.
The rupee could easily be set to fall to as much as 55 to a dollar by the end of the year, as unhedged local firms rush for cover on their dollar debt, said Ashish Vaidya, head of trading at UBS in India.
Local authorities are making efforts to boost foreign-exchange supplies to help arrest the rupee's slide against the U.S. dollar, the junior minister of finance said. "The finance ministry has been keeping a close watch on the situation," Namo Narain Meena said in the upper house of parliament.
A subcommittee of the Financial Stability and Development Council, headed by Reserve Bank of India Governor Duvvuri Subbarao, is also continuously assessing the matter, he added.
The Bombay Stock Exchange's Sensitive Index rose 0.8% to end at 16,002.51, recovering from its intraday low of 15,771.59.
Meanwhile, Indian government bonds rose on investors' expectation that moderating economic growth will allow the central bank to take a dovish stance and ease policy rates sooner than expected.
The 8.79% 2021 bond ended at INR102.55, up from INR102.26 Monday.
The Reserve Bank of India is likely to pause tightening interest rates at its rate-setting meeting Friday, after 13 increases since March 2010.
"But a fast depreciating rupee may add to some imported inflation as India buys about 80% of its crude oil need," said a senior dealer at a state-run bank.
The market is awaiting November's inflation data, due Wednesday.
According to the median estimate in a Dow Jones Newswires poll of 15 economists, the wholesale price index likely rose 9.04% in November from a year earlier, compared with a 9.73% increase in October.
- December 13, 2011 at 9:36 AM
- Riaz Haq said...
India's economy
Slip-sliding away
EXPECTATIONS for India's economic growth rate have been sliding inexorably. In the early spring there was still heady talk about 9-10% being the new natural rate of expansion, a trajectory which if maintained would make the country an economic superpower in a couple of decades. Now things look very different. The latest GDP growth figure slipped to 6.9% and industrial production numbers just released, on December 12th, showed a decline of 5.1% compared with the previous period, a miserable state of affairs. The slump looks broadly based, from mining to capital goods, and in severity compares with that experienced at the height of the financial crisis, in February 2009, when a drop of 7.2% took place. Bombast is turning to panic.
- December 15, 2011 at 4:17 PM
- Riaz Haq said...
The Indian stock market today lost its trillion-dollar status, as a decline in the rupee and share valuations led to its size slipping below this mark to $994.97 billion, according to India's Economic Times:
India had managed to hold onto the select league of the countries with a trillion-dollar stock market by a whisker for past few days, but finally gave in today after the market barometer Sensex fell to a fresh 28-month low and the rupee lost further value against the US dollar.
At the end of today's trade, the total size of the Indian market, measured in terms of cumulative valuation of all listed stocks, stood at Rs 52,60,440.78 crore.
As the rupee ended the day at Rs 52.87 level, the stock market's size in the American currency was USD 994.97 billion -- just a shade below the trillion-dollar mark.
The Indian market had a size of USD 1.0116 trillion (Rs 53,48,352.02 crore) at the end of yesterday's trade.
A total of 13 countries are now estimated to be left in the trillion-dollar stock market club, including the US, the UK, Canada, Brazil, Australia, Hong Kong, South Korea, China, Japan, Spain, Germany, Switzerland and France.
The Indian market had first achieved a trillion-dollar size about four and half years ago on May 28, 2007, but moved out of this coveted league about a year later on July 1, 2008.
India again joined this elite club of markets with trillion-dollar valuation about a year later on June 3, 2009.
The Indian market was, in fact, seen inching towards the two-trillion dollar mark at least twice in the past -- first in early 2008 and then at the beginning of 2011 with a size as high as USD 1.9 trillion.
A sharp plunge in the market this year has led to the Indian market valuation falling by close to Rs 20 lakh crore (over USD 500 billion), from about Rs 73 lakh crore (USD 1.7 trillion) at the beginning of 2011.
The rupee has been a declining trend for many months now and had hit its record low level below Rs 54-level last week, but the fall was somewhat arrested since then on the back of an intervention by the Reserve Bank.
The market size has been hovering above the trillion- dollar mark for last few days and an eminent miss was averted on Thursday last week, when the RBI managed to reverse the downfall of rupee after a record fall to Rs 54.30 level.
On Friday, the market size stood at Rs 54,11,301 crore or USD 1.026 trillion, based on that day's currency rate of Rs 52.30, as the market tanked sharply. The trillion-dollar tag had been lost that day itself, if the rupee had managed to hold onto its record high levels.
In terms of individual exchanges, the total size of stocks listed on the NSE yesterday itself slipped below trillion-dollar mark to USD 989 billion (Rs 52,30,333 crore).
At the end of today's trade, NSE-listed market valuation stood at Rs 51,42,566 crore (USD 972.68 billion).
However, the market valuation of NSE-listed companies is not considered as the country's stock market size, as not all the companies are listed on this exchange.
Indian stocks are mainly listed on two national bourses, the BSE and the NSE, but the numbers of listed companies on the two stock exchanges differ sharply.
While about 1,600 stocks are actively traded on the NSE, the number is almost double at over 2,900 at the BSE.
Almost all the stocks listed on the NSE are also listed on the BSE and therefore the cumulative valuation of companies listed on the BSE is treated as the total market size.
- December 20, 2011 at 5:05 PM
Businessweek report on infrastructure and power deficits hurting India:
Dec. 19 (Bloomberg) -- Truck driver Sujan Singh should be delivering cars to Mumbai from Maruti Suzuki India Ltd.'s plant near New Delhi. Instead, he's sitting at a roadside cafe by one of India's busiest highways, waiting for the traffic to ease.
"I'll start again in the evening and travel through the night as you face huge congestion during the daytime," he said, enjoying the warmth of a burning pile of trash in the New Delhi winter air. "Most of the highways are just single lanes and the roads are so uneven and bad that that it causes accidents."
India's failure to upgrade its 4.2 million kilometers (2.6 million miles) of roads, close a 10 percent power deficit and ease congestion at ports is hobbling the central bank's efforts to beat inflation. Even after raising interest rates by a record 375 basis points in 1 1/2 years, wholesale prices have risen more than 9 percent for 12 straight months. The bank says supply bottlenecks that push up costs must be tackled.
The country of 1.2 billion people is paying for two decades of neglect. While China 20 years ago went on a multitrillion dollar spending spree for roads, railways, ports and power stations, its South Asian neighbor concentrated on services. Now, as China reins in prices and expands industry inland to restrain wages, India's near record-low rupee and price gains are damping consumer spending and choking off company earnings.
"India has allowed a large number of cars without creating enough roads; a large number of industries without enough power to run them," said Sunil Sikka, president of Havells India Ltd., the nation's second-largest electrical components maker by value. "It's like trying to wear shoes without socks -- very, very irritating and difficult."
Cars and Soap
Sikka said Havells has to pay higher packaging costs to protect lamps and switchgears from India's bumpy roads, where average speeds are 20 kilometers per hour (12 mph). Businesses from Maruti to soap and food maker Hindustan Unilever Ltd. also suffer, said Jagannadham Thunuguntla, chief strategist at SMC Wealth Management Services Ltd. in New Delhi.
"All companies where there is movement of goods and services and distribution are getting hit," said Thunuguntla. "It adds to their costs and affects productivity."
- December 20, 2011 at 6:26 PM
- Riaz Haq said...
In a tough message to India Inc, Prime Minister Manmohan Singh urged industry leaders to stop negative comments, and pitch in to help India grow.
"I must confess that it is a little disappointing to sometimes hear negative comments emanating from our business leadership or be told that government's policies are causing slowdown and pessimism in the industrial sector. Such comments have added to uncertainty and have emboldened those who have no stake in our economic growth.
It is true that our country faces a large number of issues which need urgent resolution. The energy sector, the port sector, the transport sector, the supply of gas and coal, all need greater attention. Corruption and better governance also require firm handling. I wish to assure you that our Government is serious about tackling these issues. We are also committed to ensuring the predictability and transparency of our policy and regulatory environment," the Prime Minister said.
These comments were a part of PM's remarks at a meeting of the Council on Trade and Industry held yesterday evening. India Inc met the PM to discuss concerns over economic slowdown, high interest rates and lack of reforms.
We had a very good interaction with the PM. He listened to all the different challenges faced by the Industry. The PM is very determined to get back on the growth path, Swati Piramal, Member of the PM Council on Trade told NDTV Profit.[RELATED-STORIES]
Those present at the meeting included Tata Sons Chairman Ratan Tata, Bajaj Auto Chairman Rahul Bajaj, Reliance Industries' Mukesh Ambani, former Chairman of Infosys NR Narayana Murthy, Bharti Airtel's Sunil Mittal and ICICI Bank's Chanda Kochhar. Commerce and Industry Minister Anand Sharma and Deputy Chairman of the Planning Commission Montek Singh Ahluwalia also attended the meeting.
Read more at: http://www.ndtv.com/article/profit/pm-to-india-inc-negative-comments-disappointing-294636&cp
- December 22, 2011 at 10:34 PM
- Riaz Haq said...
Here's investment strategist Stephen Roach (Morgan Stanley) on why India is riskier than China:
India is more problematic. As the only economy in Asia with a current-account deficit, its external funding problems can hardly be taken lightly. Like China, India's economic-growth momentum is ebbing. But unlike China, the downshift is more pronounced – GDP growth fell through the 7% threshold in the third calendar-year quarter of 2011, and annual industrial output actually fell by 5.1% in October.
But the real problem is that, in contrast to China, Indian authorities have far less policy leeway. For starters, the rupee is in near free-fall. That means that the Reserve Bank of India – which has hiked its benchmark policy rate 13 times since the start of 2010 to deal with a still-serious inflation problem – can ill afford to ease monetary policy. Moreover, an outsize consolidated government budget deficit of around 9% of GDP limits India's fiscal-policy discretion.
While China is in better shape than India, neither economy is likely to implode on its own. It would take another shock to trigger a hard landing in Asia.
One obvious possibility today would be a disruptive breakup of the European Monetary Union. In that case, both China and India, like most of the world's economies, could find themselves in serious difficulty – with an outright contraction of Chinese exports, as in late 2008 and early 2009, and heightened external funding pressures for India.
While I remain a euro-skeptic, I believe that the political will to advance European integration will prevail. Consequently, I attach a low probability to the currency union's disintegration. Barring such a worst-case outcome for Europe, the odds of a hard landing in either India or China should remain low.
Seduced by the political economy of false prosperity, the West has squandered its might. Driven by strategy and stability, Asia has built on its newfound strength. But now it must reinvent itself. Japanese-like stagnation in the developed world is challenging externally dependent Asia to shift its focus to internal demand. Downside pressures currently squeezing China and India underscore that challenge. Asia's defining moment could be hand.
- December 27, 2011 at 9:50 AM
- Riaz Haq said...
Results of PISA international test released by OECD in Dec, 2011, show that Indian students came in at the bottom of the list along with students from Kyrgyzstan:
Students in Tamil Nadu-India attained an average score on the PISA reading literacy scale that is significantly higher than those for Himachal Pradesh-India and Kyrgyzstan, but lower than all other participants in PISA 2009 and PISA 2009+.
In Tamil Nadu-India, 17% of students are estimated to have a proficiency in reading literacy that is at or above the baseline needed to participate effectively and productively in life. This means that 83% of students in Tamil Nadu-India are estimated to be below this baseline level. This compares to 81% of student performing at or above the baseline level in reading in the OECD countries, on average.
Students in the Tamil Nadu-India attained a mean score on the PISA mathematical literacy scale as the same observed in Himachal Pradesh-India, Panama and Peru. This was significantly higher than the mean observed in Kyrgyzstan but lower than those of other participants in PISA 2009 and PISA 2009+.
In Tamil Nadu-India, 15% of students are proficient in mathematics at least to the baseline level at which they begin to demonstrate the kind of skills that enable them to use mathematics in ways that are considered fundamental for their future development. This compares to 75% in the OECD countries, on average. In Tamil Nadu-India, there was no statistically significant difference in the performance of boys and girls in mathematical literacy.
Students in Tamil Nadu-India were estimated to have a mean score on the scientific literacy scale, which is below the means of all OECD countries, but significantly above the mean observed in the other Indian state, Himachal Pradesh. In Tamil Nadu-India, 16% of students are proficient in science at least to the baseline level at which they begin to demonstrate the science competencies that will enable them to participate actively in life situations related to science and technology. This compares to 82% in the OECD countries, on average. In Tamil Nadu-India, there was a statistically significant gender difference in scientific literacy, favouring girls.
- December 29, 2011 at 8:58 AM
- Riaz Haq said...
Here's an Indian media assessment of economy in 2011:
A weak economy exposed to an extended euro zone crisis, growing strain on the government coalition, and looming state elections that mean progress on tough reforms are unlikely.
Here are some of the risks to watch in 2012 in the world's largest democracy.
RATINGS (Unchanged since December unless stated):
MOODY'S: Baa3
The cost of insuring against default on 5-year sovereign debt, in common with debt markets elsewhere in the world see-sawed violently in the second half of 2011, closing the year at 108.5 basis points, up 41.5 since January.
Following is a summary of key political risks in India:
Economic malaise
With a 25% drop in 2011, the Sensex stock market was the world's worst performing among major economies. The rupee was the year's worst performer in Asia with a 16% fall, and all eyes are on the current account deficit as funds flow the wrong way and the oil import bill rises.
Growth in the second quarter of the 2012 fiscal year fell to 6.9%, the lowest rate for more than two years, while industrial output retreated in October for the first time since 2009.
Asia's No. 3 economy is sitting on a comfortable cushion of USD 300 billion foreign reserves and a confidence building USD 15 billion currency swap line with Japan was unveiled in December, so quick comparisons with India's 1991 payments crisis are premature.
But the avalanche of gloomy economic news has hit investor confidence and the political situation is not helping matters, with rifts in the government coalition making it hard to pass legislation to increase foreign investment in the economy.
A reversal late in the year on a flagship reform to allow foreign supermarkets to operate in India was a huge blow for the government of Prime Minister Manmohan Singh.
Like peers Brazil and China, the room for government-led stimulus is limited. In December, Goldman Sachs' Jim O'Neill called India the most disappointing of the BRICS countries, and warned of a risk of a balance of payments crisis if policymakers were not careful.
As ever, India's dependence on imported, then subsidised energy is a weakness, with high prices adding to pressure both on the current account and fiscal deficit. A drawn out crisis in Europe could exacerbate the capital outflows and further moderate exports.
December brought some much-needed relief in the form of a sharp fall in food price inflation. That raises expectations of monetary loosening soon to help stoke flagging growth but structural factors are likely to keep prices rising at a fast pace in the medium term.
With hopes dashed for benefits from global supermarket supply chain expertise, India will have to find new ways to reduce food wastage and increase productivity...
- January 5, 2012 at 10:43 PM
- Riaz Haq said...
Here's a FirstPost story on India at Davos WEF 2012:
Barely a few years ago, India was the flavour of the season at the World Economic Forum talk-fest in the Swiss Alpine resort of Davos as international moneybags and businesses, looking for the Next Big Thing after China, latched onto the India Story.
They came by the India Adda pavilion, chomped on curry offerings, got a earful of Bollywood beats – and pronounced that India was Everywhere.
This year, after a bruising 12 months of economic mismanagement that saw inflation soar and growth slow down and a whole lot of other things go wrong, the moneybags' starry-eyed vision of India has faded. India is Nowhere at this year's Davos gabfest. Indian TV personalities who have made Davos something of an annual pitstop say that the mood among the Indian contingent this year is downbeat, "almost depressed."
NDTV's Vikram Chandra reports that a top industrialist told him: "We are back to being on the sidelines, back to watching others take the limelight. Back to the bad old days. It's feeling as if the India story is over."
The unnamed Indian industrialist may not be ready to acknowledge it, but the fact that Davos has gone cold on India is perhaps a good thing, given its horrendous record at predicting the future and reading economic ups and downs.
As Clyde Prestowitz, president of the Economic Strategic Institute, notes, Davos has become the platform for an intellectual form of name-dropping and a chance for the select few to gloat that they have been invited to the meeting.
"It's a combination of competitive vanity and convenience that makes it all work. Glitteratus A begs for an invitation because he/she can't stand the thought of not being there if Glitteratus B is there. The fact that many are there then makes it easy to do in a few days a lot of business with each other that without the meeting would take weeks or months. So, for organizing a nice party for them, the glitterati each pay… anywhere from $50,000 to several hundred thousand dollars."
But far from being a forum that sets the economic and business agenda for the world, Davos has been horribly – and embarrassingly – behind the curve in seeing the future. Prestowitz points out that the Davos meeting in 2008, for instance, foresaw none of the cataclysm in the financial markets and the collapse of real estate markets that would define much of that year and the succeeding years.
Just as glaringly, in 1997, these Masters of the Universe labelled Southeast Asia as the world's most dynamic region, only to see the whole house of cards collapse barely three months later.
The Davos man, writes Prestowitz, "has consistently proven clueless and unable to set an agenda with regard to the global developments on which he is supposed to be the expert." This is largely because Davos represents the "global establishment", which by its very nature cannot see anything that doesn't fit into its orthodox framework, and has a dogmatic faith in the enriching power of unfettered globalisation.…
- January 27, 2012 at 9:21 AM
- Riaz Haq said...
India's total external debt has risen to $326 billion while forex reserves have dipped to $293 billion, according to a report in the Indian Express:
...The composition of capital inflows shifted in favour of debt, with a rise in the proportion of short-term flows. If the pace of FDI inflows does not pick up once again and FII equity inflows revert to the decelerating trend, CAD may have to be largely financed through debt creating flows in the coming quarters. Recent pick up in FII flows has been mainly on account of investment in debt instruments.
On the capital account, recent policy measures have stimulated debt capital flows in the form of investments by FIIs in debt instruments and NRI deposits. Going forward, however, it would be necessary to reduce dependence on debt inflows and accelerate the reform process in order to ensure revival of equity flows as investors look for strong growth opportunities in an otherwise gloomy global environment, the RBI says.
Widening current account deficit (CAD), diminishing capital flows and moderately deteriorating vulnerability indicators, notwithstanding improved net international investment position, warrant acceleration of the domestic reform process. The RBI feels this will encourage renewed equity flows.
Subbarao made it clear that close monitoring of the short-term external debt will be required in 2012-13. Given that both global and domestic scenario remains bleak, investors would generally tend to prefer shorter-dated government securities.
Capital flows
* In 2011, out of $8.65 billion foreign debt inflows, as much as $4.18 billion came in December while there was an outflow of $357 million from equity
* India's total external debt has risen to $326 billion while forex reserves have dipped to $293 billion
* If the pace of FDI inflows does not pick up and FII equity inflows decelerate, CAD may have to be largely financed through debt creating flows in the coming quarters.
- January 30, 2012 at 6:29 PM
- Riaz Haq said...
Here are "Ten Things for India to Achieve its 2050 Potential", brought out by Jim O'Neill, Head Global Research at Goldman Sachs, and Tushar Poddar, V-P Research, Asia Economic Research Team at Goldman Sachs India, as reported by India's Economic Times:
1. Improve governance
2. Raise educational achievement
3. Increase quality & quantity of universities
4. Control inflation
5. Introduce credible fiscal policy
6. Liberalize financial markets
7. Increase trade with neighbors
8. Increase agricultural productivity
9. Improve infrastructure
10. Improve environmental quality
- March 3, 2012 at 9:38 AM
- Riaz Haq said...
Criminals flourish in Indian Elections, reports Washington Post:
DIBAI, India — In India's democracy, crime really can pay.
In the past month, voters in the northern state of Uttar Pradesh, home to 200 million people, have been lining up in huge numbers to cast votes in state elections.
But of the 2,000 candidates from the main parties contesting here, more than a third are facing criminal charges, including murder, rape, kidnapping and extortion, according to figures compiled by the advocacy group Association for Democratic Reforms.
And many of them will win.
"They are popular with voters," lamented Chief Election Commissioner S.Y. Quraishi. "I call it the Robin Hood syndrome. They take care to use their corrupt money, money that they get through illegal means, to give to the poor."
Despite a nationwide campaign against corruption last year, the percentage of candidates facing criminal charges has risen from 28 percent to 35 percent since state elections were last held in 2007. At least 30 candidates are incarcerated.
It is a similar picture nationally: 162 of the 545 members of India's lower house of Parliament are facing criminal charges, compared with 128 in the previous Parliament.
Criminals and wealthy politicians regularly dole out cash in return for votes. Quraishi said his agents seized more than $12 million in cash during elections last year in the southern state of Tamil Nadu, including one haul of $1 million in cash hidden in sacks on the roof of a bus....
- March 5, 2012 at 9:23 PM
- Riaz Haq said...
Here's Business Standard story of India's unraveling economy:
"Dear God," wrote economist Rajeev Malik as he called on the Almighty to help a "rudderless" government in a biting critique that underscored a growing frustration at home and abroad with the stewardship of Asia's third-largest economy.
Writing in the Business Standard newspaper, the well-respected Malik echoed the exasperation of Indian and foreign business groups pressing for the government to swiftly implement major economic reforms and formulate a coherent strategy to deal with its mounting problems.
Another newspaper said India could be heading to a Greek-style crisis.
Prime Minister Manmohan Singh's Congress Party blames unreliable allies in his coalition government for blocking major reforms aimed at opening up the economy to much-needed foreign investment and tackling obstacles in the way of growth, from creaking infrastructure to endemic corruption.
"Policy paralysis" has become the favoured shorthand of politicians, journalists and other India watchers.
But events since the announcement of the 2012-13 budget in March suggest a deeper dysfunction: a leadership vacuum that has led to empty promises and muddled policy decisions, most notably on tax reform.
They also raise questions about the most important economic relationship in government -- the one between Singh, who engineered the opening up of India's economy in 1991, and his former boss, Finance Minister Pranab Mukherjee.
Foreign companies looking for action are frustrated by the government's determinedly rosy view of the future that appears to ignore a recent raft of negative economic data.
The finance ministry pitched for a credit rating upgrade in a meeting with Fitch Ratings on Thursday even though Standard & Poor's Ratings Services cut the country's credit outlook just last month.
Self-awareness could avert a "macro-economic train wreck," wrote Ron Somers, president of the US-India Business Council.
India's economic growth has slumped to a near three-year low and its current account deficit is the highest since 1980, a gap that is difficult to control when the rupee is at a record low.
The government has projected a budget deficit of 5.9% of GDP, which Moody's Investor Service says is credit negative. Inflation is the highest among the so-called BRICS group of major developing countries, and industrial production contracted unexpectedly in March.
"We have a full-blown crisis on our hands," said Rajiv Kumar, secretary-general of the Federation of Indian Chambers of Commerce and Industry.
"The Indian growth story is intact," Mukherjee insisted in a speech to parliament this week as Singh sat impassively at his side in the upper house of parliament.
The Hindustan Times warned on Friday of a Greek-style debt crisis unless the government took firm action to rein in its fiscal and current account deficits.
"But increasingly the sense is that the government simply lacks the political capacity to make tough decisions," it said.
The government was forced late last year to backtrack on plans to open up the $450 billion supermarket sector to foreign firms such as Wal-Mart Stores after a political backlash, including from within the coalition.
Just this month, it delayed plans to tax foreign investors after an exodus of funds, partly driven by concerns the tax could be applied retroactively, battered the rupee.
"It is not an exaggeration to state that the magnitude of the economic damage and mismanagement by the Congress party under Dr Singh's watch will be embarrassing for even a student of introductory economics," Malik wrote....
- May 19, 2012 at 9:47 AM
- Riaz Haq said...
Here's an Economist story "A Bric hits the wall":
INDIA'S economy has had some bad economic ideas inflicted on it over the past century, from imperial neglect to the cult of the village and big-ticket socialism. Maybe the concept of BRICs—a handful of emerging economies including India that were destined for fast growth—should be added to the list. It led to a bubble of complacency that is now being popped rather brutally. Growth in India was 5.3% in the three months to March—worse than the 6% expected, below the prior quarter and way below the close-to-double digit rates that were meant to be preordained and propel India to economic super-power status.
Other BRICs have slowed too, including China and Brazil. But India's GDP figures, the worst for at least nine years, will have a deep impact on the sub-continent. The country was meant to grow in its sleep—regardless of what happens in the rest of the world. A quick bounce back looks unlikely. The central bank has cut interest rates a little this year, but will struggle to loosen policy further given high inflation. The ruling coalition keeps on promising a bout of reforms to boost confidence, but it is so divided, its behaviour so erratic and its record of delivery so poor that few believe this will actually happen. Expectations for growth over the next couple of years will probably slip further, to 6%.
A 6%-growth-India raises three issues. For one, the old orthodoxy was that after liberalisation India had been on an accelerating path, driven by demographics and its high rate of savings and investment. A rival view is now likely to take hold. It notes that India has grown pretty consistently at 6% since the mid 1980s, with the exception of a faster period in 2004-2007. What looked like a step up in trajectory now looks like a one-off blip driven by a global boom, an uncharacteristic bout of tight fiscal policy and an unsustainable burst of corporate optimism. Political history may have to be rewritten too. The reformers of 1991, who include the present prime minister, have turned out to be not visionaries, but pragmatists without a deep commitment to liberalisation who have been unable to build a lasting consensus among voters and the political class in favour or reform.
Second, financial stability will become trickier. Nominal GDP growth (including inflation) has slipped to the low teens. This is still above the rate of interest India's government pays on its debt and thus in theory enough to avoid a debt spiral—despite high fiscal deficits running at almost a tenth of GDP. Government bond yields are artificially depressed because banks are forced to buy government paper and because the central bank has been buying bonds actively in the last six months. Although this can go on for a while, the stress is showing up in two different areas. One is the banking system where gross bad debts plus "restructured" loans have risen to over 8% of the total—a figure high even by western banks' standards. Bankers and the central bank argue that "restructured" loans are unlikely to result in large losses. But with lower growth more corporate borrowers will come under strain, as will the credibility of those reassurances.
Perhaps growth will bounce back. And if it doesn't, perhaps public frustration will be expressed at the ballot box, creating a new, less complacent political climate. The view that India's democracy is a self correcting mechanism that steers the country back onto the right course when things go wrong, was an integral part of the bulls' view of India. Hopefully it is one idea from the boom that proves to be correct.
- June 2, 2012 at 9:25 AM
- Riaz Haq said...
Here are a few excerpts from Wall Street Journal story titled "India Fades":
India's growth prospects have been fading for some time. Multinationals are walking away from the country, withdrawing some $10.7 billion worth of investments in 2011 alone, according to Nomura. Manufacturing contracted by 0.3% for the year that ended March 31. Agriculture and services faltered as well.
Delhi managed to keep the party going after the 2008 financial crisis with more government spending and easier credit. But that only postponed the reckoning—while sending the inflation rate north of 8% for the better part of the last two years.
After growth dipped below 7% late last year, Prime Minister Manmohan Singh turned to gimmicks, like having state-owned Coal India boost coal supply to power producers in a one-off manner or proposing to set up special manufacturing zones where factories would get tax breaks. But businesses want less red tape permanently, especially when it comes to energy investments, as well as labor reform to make hiring and firing easier. On both fronts, the Prime Minister has done nothing.
Then there was his one serious attempt at reform. In late November he announced plans to allow foreign investment in big-box retail stores. The reform would have been a boon for consumers, and would have helped import some crucial supply-chain know how. But the reform met the usual combination of populist and special-interest resistance, and the government folded in 10 short days.
Indians are increasingly disenchanted with Congress's failure to push for pro-market reforms, and have voted accordingly in recent state elections. That's the good news. There's been a lot of talk about India's emergence as a new economic superpower. An India with the ambition to rise in the world will not treat a high-growth economy as a national birthright.
- June 5, 2012 at 8:09 AM
- Riaz Haq said...
Here's The Economist on India's reckoning:
.... They were there to launch an official economic history of 1981-97, a period which included the balance-of-payments crisis of 1991. The mood was tense. India, said Manmohan Singh, the prime minister, faced "very difficult circumstances". "Does history repeat itself?" asked Duvvuri Subbarao, the outgoing head of the Reserve Bank of India (RBI). "As if we learn nothing from one crisis to another?"
The day before Indian financial markets had had their rockiest session for many years. The rupee sank and stockmarkets tumbled. Money-market rates rose. The shares of banks thought to be either full of bad debts or short of deposit funding fell sharply. The sell-off had been made worse by new capital controls introduced on August 14th in response to incipient signs of capital flight. They reduce the amount Indian residents and firms can take out of the country. Foreign investors took fright, fearful that India might freeze their funds too, much as Malaysia did during its crisis in 1998.
India's authorities have since ruled that out. But markets keep sliding. On August 20th the RBI said it would intervene to try to calm bond yields. The rupee has dropped to over 64 to the dollar, an all-time low and 13% below its level three months ago. It is widely agreed the country is in its worst economic bind since 1991.
India is not being singled out. Since May, when the Federal Reserve first said it might slow the pace of its asset purchases, investors have begun adjusting to a world without ultra-cheap money. There has been a great withdrawal of funds from emerging markets, where most currencies have fallen by 5-15% against the dollar in the past three months. Bond yields have risen from Brazil to Thailand. Some governments have intervened. On July 11th Indonesia raised its benchmark interest rate to bolster its currency. On August 21st its president said he would soon announce further measures to ensure stability.
India, Asia's third-biggest economy, is more vulnerable than most, however. Economic news has disappointed for two years, with growth falling to 4-5%, half the rate seen during the 2003-08 boom. It may fall further. Consumer-price inflation remains stubborn at 10%. A drive by Palaniappan Chidambaram, the finance minister, to push through a package of reforms and free big industrial projects from red tape has not worked. An election is due by May 2014, adding to uncertainty.
India's dependence on foreign capital is also high and has risen sharply. The current-account deficit soared to almost 7% of GDP at the end of 2012, although it is expected to be 4-5% this year. External borrowing has not risen by much relative to GDP—the ratio stands at 21% today—but debt has become more short-term, and therefore riskier. Total financing needs (defined as the current-account deficit plus debt that needs rolling over) are $250 billion over the next year. India's reserves are $279 billion, giving a coverage ratio of 1.1 times. That has fallen sharply from over three times in 2007-08 (see chart 1) and leaves India looking weaker than many of its peers (see chart 2)...
India's position could still get worse. But assuming things stabilise, when the official histories come to be written about 2013, what might they say? Most likely that the rupee's slump caused a severe shock to the economy that made a recovery in growth rates even harder. But perhaps, also, that it prompted a more serious debate about the policies that India needs to become less vulnerable to the whims of an unforgiving world.
- August 22, 2013 at 11:13 PM
- Riaz Haq said...
Here's Wall Street Journal quoting BRIC coiner Jim O'Neill as saying "If I were to change it, I would just leave the 'C':
SAO PAULO–Former Goldman Sachs Asset Management Chairman Jim O'Neill, who coined the BRIC acronym describing four burgeoning emerging market countries, stands by the term he invented more than a decade ago, but admits that three of the countries have disappointed him in recent years.
The acronym created in 2001 groups Brazil, Russia, India and China, and has become a reference for a perceived shift in economic power toward developing economies.
"If I were to change it, I would just leave the 'C,'" Mr. O'Neill said in an interview. "But then, I don't think it would be much of an acronym."
Economic growth in other BRIC countries has been disappointing, and the economic outlook for developing economies in general has changed in the last few years amid the end of a commodities boom and a slowdown in Chinese growth–which nevertheless remains high compared with that of its counterparts.
Meanwhile, signs of a recovery in the U.S and expectations the Federal Reserve will soon reduce its bond-buying program have helped strengthen the U.S. dollar, sucking money out of emerging markets and putting even more pressure on their less developed economies.
It has become "fashionable" to say the developed world is recovering while emerging markets are all slowing down, Mr. O'Neill said. "But what people don't understand is the size of China," he added.
The economist said that if China's economy grows 7.5% this year, as he expects, that would create an additional $1 trillion in wealth, in U.S. dollar terms. "For the U.S. to contribute at the same level, it would have to grow around 3.75%," Mr. O'Neill said.
Economists currently expect the U.S. economy to expand 1.5% in 2013, down from 2% projected in May, according to a recent survey by the Federal Reserve Bank of Philadelphia.
From 2011 to 2020, Mr. O'Neill said he has assumed average growth for the BRIC countries of 6.6% a year, less than the 8.5% average in the previous decade. Most of it up to now has come from China.
India has been the biggest disappointment among the BRIC countries, while Brazil has been the most volatile in terms of investor perceptions, the economist said.
"Between 2001 and 2004, many people told me I should never have included Brazil. Then, from 2008 to 2010, people told me I was a genius for including Brazil and now, again, people say Brazil doesn't deserve to be there," he said.
Brazil's economic growth, which reached 7.5% in 2010, has been weak since then in spite of multiple government stimulus measures. The country seems doomed to growth of 2% or so in both 2013 and 2014, according to economists' forecasts.
Brazil's rapid growth in 2010 raised expectations, but many people forgot that the country is vulnerable to big moves in commodities prices, Mr. O'Neill said.
Another problem, he said, is that private investment remains a small share of the country's gross domestic product. Brazil's investment rate has been stuck at around 18% of GDP, the lowest level of any BRIC country, for a decade.
"They should only worry if there's a pickup in inflation expectations; otherwise, they should relax," he said, before the central bank late Thursday unveiled a massive intervention program to provide relief for the currency.
Brazilian inflation is currently 6.15%, close to the 6.5% ceiling of the central bank's target range for 2013.
Even in the face of weak growth, Mr. O'Neill says he doesn't plan to add or subtract letters from his famous acronym.
"If, by the end of 2015, there is persistent weak growth in Brazil, India or Russia, then I might," he said, noting, however, that he expects Brazil to surprise positively in 2015, possibly even in 2014.
- August 23, 2013 at 10:28 PM


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Related Publications
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Sectarianism and the Jewish Community
By Ben Halpern
Jewish Communal Service Association of North America (JCSA), National Conference of Jewish Communal Service, Fall 1965
Topic: Political Behavior, Jewish-Christian Relations, Culture, Sectarianism, Religion and State, Jewish Communal Service, Ethnicity, Politics
Name of Publication: Journal of Jewish Communal Service
Editor: Sherman, Sanford N.
Volume/Issue: Vol. 42/No. 1
Page Number(s): 6-17
Genre: Conference Presentation
Coverage: United States
Language: English
Copyright Holder: Publisher
Copyright Information: Download for personal use, freely distribute link
Bibliographic Information:
Halpern, Ben. Sectarianism and the Jewish Community. Journal of Jewish Communal Service. Jewish Communal Service Association of North America (JCSA),National Conference of Jewish Communal Service. Fall 1965: 6-17. http://www.bjpa.org/Publications/details.cfm?PublicationID=5082
» View Publication
(PDF, 1.87 Mb)


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Rehoboth, Namibia
Photos from RehobothPictures of Rehoboth (360)
Hotel Deals in Rehoboth
Videos from RehobothRehoboth Videos (1)
Travel Blogs from RehobothRehoboth Travel Blogs (18)
Day 4 - Half way and getting easier!
5 April 2009 - Sunday (Day 4 - 17km to go) I woke up to another puffy eye. This time the other eye!!! But this time I'm not alone. Uncle Bernard has the same problem. We have coined the term 'buff eye' as he also slept with a buff covering his face. ...
Day 8 - The end of a wonderful journey
9 April 2009 - Thursday (Day 8 - 14km to go) You know that Sunday feeling where although it's still the weekend but you know tomorrow is back to work? Well, that's how Day 8 felt. Although most of the hike was a struggle, I was now really into it and ...
Day 7 - Crazy chains and severe water restrictions
8 April 2009 - Wednesday (Day 7 - 14km to go) At the start of the hike we were informed that there would be no water at Day 7's shelter and were given the option of being picked up by the park officials on Day 7, or to continue on to Kapokvlakte ...
Day 1 - Dazed and Disillusioned
2 April 2009 - Thursday (Day 1 - 14km to go) Not too early but very bright, everyone performed their final preparations for the hike. A few group photos later and we kicked off on our 8 day hike!!! Although, Bertie had a map handy detailing the route, ...


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Definition of rescue
rescuableplay \-ə-bəl\ adjective
Examples of rescue in a Sentence
The survivors were rescued by the Coast Guard.
an all-out effort to rescue a beached whale
Origin and Etymology of rescue
Middle English rescouen, rescuen, from Anglo-French rescure, from re- + escure to shake off, from Latin excutere, from ex- + quatere to shake
First Known Use: 14th century
Synonym Discussion of rescue
RESCUE Defined for English Language Learners
Definition of rescue for English Language Learners
: to save (someone or something) from danger or harm
RESCUE Defined for Kids
Headscratcher for rescue
Rescue and secure have the same letters and have related meanings. To rescue someone is to make them safe and secure from harm.
Definition of rescue for Students
: an act of freeing someone or something from danger
Learn More about rescue
Thesaurus: All synonyms and antonyms for rescue Spanish Central: Translation of rescue Nglish: Translation of rescue for Spanish speakers Britannica English: Translation of rescue for Arabic speakers
Seen and Heard
What made you want to look up rescue? Please tell us where you read or heard it (including the quote, if possible).


text:
Sheldon A. 'Pop' Pearson
Read the full story here Web Link posted Friday, January 23, 2009, 12:00 AM
Town Square
Original post made on Jul 22, 2011
Like this commentPosted by Michael Wolfes
a resident of another community
on Jul 22, 2011 at 9:06 am
To the family of the late Patricia (Mostny) Hejtmanek, I want to extend my condolences on her passing. It has been 2-1/2 yrs since she passed away and only last night did her name come up in my memory as a former girl-crush of mine when I was in college and she was still a student at Westmoor High School in Daly City, CA. She was a beautiful lady and I can only regret not being able to get to know her better.


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You only live once, but if you do it right, once is enough.
— Mae West
- Please note our Labor Day Schedule Changes
- Help fight W.I.F!
- Work out your kinks by getting some massage therapy from Sera-Kim Huenergard
- Join the Meat CSA and get delicious, grass-fed beef to fill your belly.
- Get some sweet new Reebok gear. Please click through our online store.
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Workout of the Day
Complete as many rounds as possible in 30 minutes of:
500m Row
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German Shepherd Dog Forums (http://www.germanshepherds.com/forum/)
- Diet & Nutrition (http://www.germanshepherds.com/forum/diet-nutrition/)
- - Things NOT TO FEED your dog. (http://www.germanshepherds.com/forum/diet-nutrition/393882-things-not-feed-your-dog.html)
Things NOT TO FEED your dog.
Please delete this thread if another thread exists, although i search but didn;t find it.
Please list the foods that we shouldn't feed our dogs.
I didn't knew that dog's should not eat Grapes and raisin, and i heard somewhere that dog shouldn't be fed onions???
I mistakenly fed my dog 3-4 raisin around November 5-6. He had a little diarhea and some vomiting, i did not knew i should not feed it until this morning when i read it somewhere in this forum.
I didn't knew it is toxic and did not tell the vet either, he advised metronidazole (spelling may not be right) and after few days he was okay.
I read an articele in wikipedia, here is the article i googled more and did not find much, should i still be worried???
And is the Onion thingy true???
Please list other foods which should not be fed as well, i am sure it would be helpful to others and specially for newbies like me.
Things you should never feed your dog:
1: Grapes
2: Raisin
3: Onions????
Better put razor blades on there too. I hear those are bad despite the fact they are high in iron.
1 Attachment(s)
Poop... I hate it when they do that. I have one that likes frozen poopsicles.
P.S. There is a perfect place to implement an e-collar.
David Winners
Add to the list of highly toxic for dogs xylitol, the artificial sweetener. Commonly used in sugar-free gum. Even very small amounts. If you commonly use sugar-free gum, make sure your dogs can't get to it!
Any thoughts on Onions??
out of topic: Is there any way to edit the first post?? i could only see quote, multi quote and reply. i wanted to add xylitol to the List. :confused:
1 Attachment(s)
Meanwhile, i was reading this article located here, , i am confused in this paragraph.
Over-the-Counter Human Medications
More than 18,000 cases that the APCC fielded in 2012 regarded over-the-counter human products. This group contains acetaminophen, ibuprofen and naproxen as well as herbal and nutraceutical products (fish oil, joint supplements). Many of these products are tasty to pets, and some can be life threatening if ingested.
I was under impression that fish oil was beneficial???? (in right amount) :confused::confused::confused:
Xylitol can be found in toothpaste too, so make sure when you throw out a used tube that your dog can't get to it.
by fish oil maybe they meant cod liver oil which can cause Vitamin A toxicity -- macadamia nuts -- anti freeze although never offered is very attractive to them and drop dead poisonous --
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Issue No. 03 - July-September (2007 vol. 4)
pp: 321
I want to take this opportunity to thank two members of the editorial board of TCBB who have recently retired from the board: Professor Alfred O. Hero III and Professor Wing Wong. The service, advice, and enthusiasm provided by these board members has been invaluable.
I am also very pleased to welcome two new Associate Editors, Professor Bertam Ludäscher of the University of California, Davis, and Professor Mona Singh of Princeton University. Both of these new AEs will bring much needed help to a diverse set of papers.
More detailed biographies of Professors Ludäscher and Singh appear below and links to their Web pages (as well as the Web pages of other TCBB associate editors) can be found at wwwcsif.ca.ucdavis.edu/~gusfield/urllinks.
Dan Gusfield
For information on obtaining reprints of this article, please send e-mail to: email@example.com.
Bertram Ludäscher received the MS degree in computer science from the University of Karlsruhe, Germany, in 1992 and the PhD degree in computer science from the University of Freiburg, Germany, in 1998. He is an associate professor in the Department of Computer Science at the University of California, Davis (UC Davis) and a member of the research faculty at the UC Davis Genome Center. From 1998 to 2004, Dr. Ludäscher worked at the San Diego Supercomputer Center at the University of California, San Diego (UCSD), first as a visiting scholar and later as an associate research scientist and adjunct assistant professor in the UCSD Department of Computer Science. He is a principal investigator/co-principal investigator on several, primarily US National Science Foundation-funded collaborative research projects focusing on scientific data management, knowledge representation, and scientific workflows.
Mona Singh received the AB degree in computer science from Harvard University and the PhD degree in computer science from the Massachusetts Institute of Technology. She is a member of the faculty at Princeton University, New Jersey, with appointments in the Computer Science Department and the Lewis-Sigler Institute for Integrative Genomics. She did postdoctoral training at the Whitehead Institute for Biomedical Research. She joined the Princeton faculty in 1999 and has been an associate professor since 2006. In 2001, she received the Presidential Early Career Award for Scientists and Engineers (PECASE).


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Thousands are in the streets of nations in the Middle East, but nary a small group of angry folk can be seen in any city of Saudi Arabia. Saudi King Abdullah has spent the past two months in New York City dealing with personal health problems and on his return there will always be available about $400 billion sitting in his bank accounts in case a few bucks must be spent to deal with minor problems like unemployment or lack of housing. We assume Saudi women watch TV and see sights of women assuming leadership roles in Cairo and elsewhere while they are not even able to drive a car let alone go shopping by themselves. In the tightly controlled nation of 19 million the very thought of opposition to the ruling monarchy is not even in the minds of most people. They would be happy to elect a fireman. Political analyst Khaled Al-Dakhil, thinks "people expect the leadership now to deal seriously with their problems," but does Abdullah even recognize there are problems in his country.
Some members of his Cabinet have held their jobs for a few decades and the religious folk are ready to enforce Sharia law in case someone dares to utter a word of disagreement. The real question is how long can bright men and women put up with this dictatorship of the mind? A new high tech university now allows women to be in classes with males, and will this experience impact the thinking of Saudi women is a question yet to be answered. Most Saudis can't even purchase a house because the royal family owns most of the land.
Hopefully, a scent of Egyptian bravery will catch the noses of Saudi people.


text: Gingham is no longer just for Kansas anymore. This trendy print is popping up everywhere, and as a lover of all things country (music, cows, barns, fields), I quickly jumped on the bandwagon. It was such a nice day Sunday that I threw this on with a lightly patterned scarf, my new goldy flats, and my go-to J Brand skinnys. This top will be in full rotation for concerts late spring and thrown over cut-offs when the weather warms up again.


text:
CURRENSY & STALLEY Perform @ SANTOS in NYC from Hiphopworld.com on Vimeo.
The hottest new artists addition to DD172 and Creative Control. Stalley is a OHIO native with a profound view on life that translate to the masses in his music. Currensy raps but he's not a rapper, he's very diverse and his approach to music is that of a rock star. Dame Dash nephews discovered Currensy , and brought him to the attention of Dame.
Filmed & Edited by HIPHOPWORLD.COM


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Welcome to the second election for the Seven Circles of Fame. See the original thread for a full explanation of the project and Level 1 results.
Here are the 15 players we named as The Immortals, the best players in the Hall of Fame:
Top 25%
1) Babe Ruth
2) Ty Cobb
3) Honus Wagner
4) Willie Mays
5) Ted Williams
6) Walter Johnson
7) Stan Musial
8) Hank Aaron
9) Mickey Mantle
10) Lou Gehrig
11) Tris Speaker
Lower 25%
12) Rogers Hornsby
13) Cy Young
14) Oscar Charleston
15) Eddie Collins
Now in this 2nd election we will determine Level 2, The Inner Circle, identifying the next 24 players currently enshrined in Cooperstowns Hall. So dont give us Bonds or Maddux or ARod or Joe Jackson. However, you should consider Black ball players like J. Gibson, Paige and Lloyd. Also give consideration to 19th century stars like Anson, Brouthers, Nichols, etc.
Since we are only ranking players in this exercise, do not give any extra credit (or discredit) if a guy also was a manager, pioneer, or whatever. Do not give any credit for being famous or colorful. Rank players only on their contributions to their teams quest for wins, things that have an effect on the team's fortunes in the win-loss column. This includes considering a guys leadership and effect on his teammates (for good or bad). Postseason play should also be given some consideration, though this should be minor, given players unequal opportunities for such credit. Give credit for missed playing time due to wars, strikes or short schedules. Minor league play may be considered. Players should not be penalized for PED use; if they were good enough for the HOF, consider them as having passed that test.
I would ask you to rank them in order (1 to 24). If thats too cumbersome at least break them up into three groups, to show the top 25% (6 players), and the bottom 25% (6 players) along with the middle 12 players.
I always find it helpful to reference previous projects done here in the HOF forum. One I find very useful is The Collaboration Game v2.0. The History forum has also done many ranking projects that are worth reviewing.
Here is my list:
1) Josh Gibson
2) Lefty Grove
3) Mike Schmidt
4) Joe Morgan
5) Mel Ott
6) Nap Lajoie
7) Pete Alexander
8) Frank Robinson
9) Joe DiMaggio
10) Pop Lloyd
11) Johnny Bench
12) Jimmie Foxx
13) Ricky Henderson
14) Cap Anson
15) Eddie Mathews
16) Satchel Paige
17) Tom Seaver
18) Warren Spahn
19) Cal Ripken
20) Yogi Berra
21) Jackie Robinson
22) George Brett
23) Christy Mathewson
24) Dan Brouthers
Just missed: Arky Vaughan, Turkey Stearnes, Ed Delahanty, Bob Feller, Charlie Gehringer, Kid Nichols
Coming up: Steve Carlton, Reggie Jackson, Carl Yastrzemski, Smokey Joe Williams, Wade Boggs, Bob Gibson
You are free to reconsider your ballot at any time until the vote is tallied. If you do, make a post here that you have made a change.


text:
As we pointed out in our previous story about the app, there is a difference between Slingshot and Snapchat. With the former, if you want to view a message sent to you, you need to send off a reply first. Or, as Facebook puts it, if someone wants to read your shot, they will have to sling something to you first. Tap on a message to read it, or swipe it away. If you want to keep a reminder of a Slingshot-sent message, a screenshot will do the job.
Slingshot is a free download from the App Store, and requires iOS 7.0 or higher. For those looking for a fresh take on the Mission Impossible self-destructing messaging app niche, you might want to check out Slingshot. The app allows you to customize your missives before sending them out, by using your finger to draw all over them.
Check out Slingshot by clicking on the sourcelink.
source: Slingshot


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As Fire Chief, Geoff LaTendresse is responsible for the operational readiness of the Fire Department on a 24-hour basis, 365 days a year. In addition, he is responsible for the readiness and availability of all the supporting functions in the Fire Department. Fremont's Fire Department has 153 full-time employees and 11 fire stations.
Chief LaTendresse was raised in the City of Fremont (his parents still reside in Mission San Jose) having attended Vallejo Mills Elementary, Gomes Elementary, Hopkins Jr. High and graduated from Mission San Jose High School.
Chief LaTendresse is a 26-year veteran of the fire service. He spent the first five years of his career with the Campbell Fire Department as a Firefighter/Paramedic before coming to Fremont in 1990. As a member of the Fremont Fire Department he has held the ranks or Firefighter/Paramedic, Captain/Paramedic, Division Chief and Deputy Fire Chief. His career as a Paramedic spanned 14 years.
Chief LaTendresse holds a Bachelor of Science degree in Health Science from San Diego State University. He also holds a variety of professional certificates from the California Fire Service Training and Education System, the Federal Emergency Management Agency, and the National Fire Academy.
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CHARLOTTE, N.C. -- Former NASCAR champion Bobby Labonte terminated his contract with TRG Motorsports on Wednesday and quickly landed two part-time rides.
Robby Gordon said Labonte will drive his No. 7 Toyota this weekend in New Hampshire, and then Phoenix Racing said Labonte will pilot the James Finch-owned car at Daytona and Chicago next month.
"When we found out that Bobby was available to drive for us, we jumped at it," Gordon said. "To have a past champion driving your car is a good opportunity. I think we can learn from him this weekend and it will help our program moving forward."
Labonte said he is exploring his opportunities for the remainder of this season in all three of NASCAR's national series.
"I want to be in a position to win races and be competitive," said Labonte, who had a season-high finish of 21st in 16 races with TRG.
"I have worked as hard as possible to give my best at the track so far this season. I'm now looking to move on and get back into a position to win races."
Labonte was the 2000 Cup Series champion. His last victory was in 2003 with Joe Gibbs Racing.
Labonte's start for Finch at Daytona will be the 600th of his career. Brad Keselowski drove Finch's car to victory at Talladega last year.


text:
Related Publications
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Israel, the War and My Politics
By Philip Cohen
Eugene Borowitz, April 5, 1991
Topic: Political Behavior, Diplomacy, War, Politics
Name of Publication: Sh'ma: A Journal of Jewish Ideas
Editor: Borowitz, Eugene B.
Volume/Issue: Vol.21/no.411
Page Number(s): 87-88
Genre: Article
Coverage: Israel , United States
Language: English
Copyright Holder: Publisher
Copyright Information: Download for personal use, freely distribute link
Bibliographic Information:
Cohen, Philip. Israel, the War and My Politics. Sh'ma: A Journal of Jewish Ideas. Eugene Borowitz. 5 April 1991: 87-88. http://www.bjpa.org/Publications/details.cfm?PublicationID=9445
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It's down to the wire — and you still have shopping left? Well, if the people you have left to buy for are into geek culture (like you, since you're reading this) then we are here to help. Here are a few last minute suggestions that you can still purchase and have in time to give for Christmas Day.
Not games that use boiling water. Steam is a digital distribution platform developed by Valve Corporation. It is used to distribute games online, from small independent developers to larger software houses. Games can be purchased and sent to friends and loved ones from some of the best gaming companies including: Bethesda Softworks, Activision, Rockstar Games, Square Enix, 2K Games, Telltale Games and Electronic Arts. Best of all, they are also having a huge sale right now!


text:
That Smell
Touch. Don't sniff.
Hey Rodney, we need to talk about you borrowing my laptop. No, I don't mind you saving your essays or whatever, and I don't mind you listening to all that zydeco music on my Spotify, but I just want to clarify something about the screen: it's a touch screen, not a scratch and sniff screen.
I know, the 15.6" Multi-Touch HD LED-backlit display can really make things look so realistic and vivid that you feel like you can almost smell them, but that doesn't mean you should sit down, Google "oranges," take out your index finger, and go to work. Because the only thing you're going to smell is the odor of your debit card being charged for screen repairs.
By the way, Rodney, would it kill you to trim your friggin' nails?


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Diabetes Research Awarded University's Largest-Ever Grant
It's been a heck of a start to the fall semester for John Lachin.
In the weeks before and after the school year got under way, Dr. Lachin, a professor in the Department of Biostatistics and Epidemiology and the Department of Statistics, was awarded two federal grants totaling nearly $150 million for studies into diabetes complications and treatments. The bigger of the two—$134 million over five years—is the largest grant in the history of the university.
The National Institute of Diabetes and Digestive and Kidney Diseases awarded both grants. The larger one will fund the launch of a major clinical trial comparing the long-term effectiveness of the four most common drug treatments for type 2 diabetes.
Diabetes is estimated to affect 25 million people in the United States. The disease causes blood sugar, or glucose, to build up in the bloodstream due primarily to either an inability to produce insulin (type 1 diabetes) or to inefficient production or use of insulin (type 2 diabetes).
Type 2 diabetes—the form associated with age, obesity, and race—accounts for the majority of cases. Type 1 diabetes usually appears in children and young adults and is unpreventable, stemming from an immune system disorder.
For the study, Dr. Lachin is serving as senior biostatistician and is helping to lead GW's Biostatistics Center in its role as the study's coordinating center, overseeing the research on up to 6,000 patients nationwide. The study will be co-led by David M. Nathan, director of the Diabetes Center at Massachusetts General Hospital in Boston.
Each of the four drugs has been shown to reduce blood glucose in the short term, Dr. Lachin says. But type 2 diabetes often requires management over a lifetime. The aim of the study "is a direct comparison of the commonly used drugs over a more realistic period of time with regard to glucose lowering, side effects, tolerability, other effects, and costs," he says.
Diabetes is one of the nation's leading causes of death, blindness, and kidney failure. It also increases the risk of heart disease and stroke, and is a major cause of lower-limb amputations.
Those complications are the focus of Dr. Lachin's other new grant. The nearly $14 million award will fund a five-year continuation of research into the impact of glucose levels and other factors in spurring diabetic complications, and the benefits of early treatment.
—Danny Freedman
Among other high-profile funding awards in recent months:
Nearly $10.5M: Awarded to continue the Robert Wood Johnson Foundation's Aligning Forces for Quality program, which aims to raise the quality of health care in 16 communities and influence reform nationwide. School of Public Health and Health Services Professor Robert Graham serves as the project's director, and the Department of Health Policy as its national program office.
$5M: To fund a five-year project investigating substance abuse, violence, and sexual risk among immigrant Latino communities. The study is led by Mark Edberg, a professor in SPHHS' Department of Prevention and Community Health, and is funded by the National Institute on Minority Health and Health Disparities.
$2.6M: To study the implementation and outcomes of the redesigned Advanced Placement science curriculum in high schools. Dylan Conger, of GW's Trachtenberg School of Public Policy and Public Administration, will work alongside researchers at the University of Washington and SRI International on the National Science Foundation-funded study.
$2.3M: From the U.S. Department of Health and Human Services to evaluate a program aimed at boosting the number of new doctors and dentists trained in community-based health centers. The study, led by Department of Health Policy professors Marsha Regenstein and Candice Chen, will detail training program operations and develop means for measuring their impact.
$1.7M: To further develop a solar-powered process for producing cement and fuels that generates no carbon dioxide emissions. The project, funded by the National Science Foundation, is led by chemistry professor Stuart Licht and includes an interdisciplinary team of GW experts.


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Upcoming Activities
- Tai Chi with El Centro College Saturday, May 27 from
- Balance and Harmony with DogFit Dallas Saturday, May 27 from
The most important stroke in the game of golf is the final putt, so they say. We know you usually ace every hole, so here's your chance to putt like us amateurs. Bring your favorite club and enjoy the Putting Green on the East Lawn anytime of the day.
All the health and fitness programs, presented by Cigna.