text:
Thank you for visiting Prophet or Madman page. This blog is no longer being updated. Please enjoy the archives. Here are some other blogs you may also enjoy: Inspiration Report Intent Chopra Happy Reading!!!
For Those Who Would Have Eyes To See
Part 1 the introduction
In the last blog titled "For Those Who Would Have Eyes To See", I said this series of blogs would look at creation from the vantage point of thought, energy and matter all being part of something that is working together. I also said that what the series would be based on a book I wrote Prophet or Madman. I can not promise that what you read will be able to shift your awareness and bring you into a state of enlightenment. What I can promise is that if you read and follow along with an open mind you will be exposed to the spiritual view of creation. You will also get some insight as to the mechanics of creation as I was shown by God. I say you will need an open mind because many in this world can not accept anything that exists beyond their physical senses. Much of what you will read will at times appear to be abstract and foreign to what you previously called the real world. Just as Jesus said responding to his disciples when asked why he spoke in parables, if you resonate with what you read in these blogs, then for you, it is meant that you understand the mysteries of creation.
Over the last 6 and half years I have been asked many times by customers who see the book on display at the ice cream shop what the book is about. At first, it was difficult to come up with an answer that was concise and yet comprehensive enough. What I found that seemed to work best was to say that the book was the spiritual view of Creation and our journey through it. Many times I would find that those who held a very rigid view based on their religious backgrounds were not interested in investigating or entertaining any other way of seeing. As this series evolves I believe it will become more apparent why that is the case and perhaps even the core reason this world is still fighting and killing in the name of God.
While we are on the subject of killing, I would like to state for the record that my present view of life and death is somewhat different then the one I grew up with. You might even say that after being gifted with an overview of Creation my view on life and death is now opposite the view I use to have. Today from the spiritual view, I now see life is an infinite experience and death is a temporary one. Again, as we move further along, I believe this concept will not only become clearer but will show itself as being the only true way of seeing.
It was once said that God is Spirit and to truly know God we must worship him as Spirit, but what is Spirit? If there is one thing that I see is common to most major religions it is that God as spirit, is different then man.
What then is Spirit? What does it look like?
As a child my great aunt gave me a stuffed dog that had a tag attached to its' collar. On the tag were written these words; "How can I know when I have found love when I don't know what it smells like?"
Developing the eyes to see things for what they are as apposed to how they appear can be challenging but worth the effort. My hope and motivation for writing and sharing is that somehow this world can awaken to not only intellectualize Unconditional Love but rather awaken to it and Truly Live.
Regardless of your path or what religion you practice, if you wish to awaken yourself and live awakened in this world you will have to struggle.
More to come…
Love and Light,
Brother Bruce
Prophet or Madman


text:
'Two Minutes with ...' focuses on Matusz
SARASOTA, Fla. -- The "Two Minutes with ..." series continues with Orioles pitcher Brian Matusz. Baltimore's first-round pick in the 2008 First-Year Player Draft, spent the entire 2013 season as a reliever, which was the first of his career. The lefty pitched to a 3.53 ERA in 65 games -- 51 innings -- and is being stretched out as a starter again this spring.
Favorite food: Mexican food from the West Coast. It's good in Arizona, but it's better in California. Southern Cal. There's a couple of taco shops right next to University of San Diego, where I went to college. There's one called JV's and there's another one called Super Bronco. A pretty close tie for the best Mexican food in San Diego.
Favorite movie: I think one of the great all-time is Forrest Gump.
If I wasn't a baseball player, I'd be ...
A firefighter. Growing up, I always wanted to be a baseball player, but if that were to fail, I had a lot of friends and friends' dads who were involved in the fire department. Just always thought it would be cool to be part of the community, and help out and be a hero.
Hidden talent: I can juggle, but it's really not that great. Nothing special or spectacular.
Favorite offseason place: To be honest, home in Arizona. After traveling around all season and being on the road three months, well a total of three months out of six months, it's so nice to be able to go home and settle in and relax. But after being home for a while and settling in and whatnot, my favorite spot to go to is San Diego.
Prized possession: There's some memorabilia stuff that is special to me. I have a surfboard that was made up from my college days, it's a USD surfboard that has pictures on it -- done really well -- of all my boys from college. And it has us holding the WCC [West Coast Conference] trophy. These are boys I grinded with for three years in college and some of my best friends now. Someone made it from college, one of the dads put it together and sells it every year at the USD Toreros baseball auction. He makes one every year.

subset: commoncrawl


text:
Using milk in a soaker
I am about to start baking from Reinhart's Whole Grain Breads with his basic formula. This calls for a milk soaker left out overnight on the counter, made with scalded milk. I am reluctant to do this as the last time I baked a bread with a milk poolish (unscalded) it was delicious but both my husband and I felt ill after eating it. Doesn't milk go bad overnight at room temperature? Does the scalding offer some protection? Thanks. -Varda


text:
Here are Kaysville Utah new homes that you'll discover to be in the best locations. Whether you're looking for a single family home, townhome or condominium, you're sure to find one that will meet your expectations.
If you're looking for existing homes or other Utah real estate, use our powerful tool to search the MLS.
Among these builders and communities, you'll locate homes that are ready to move into, or are nearly ready to move into. You'll see home designs and floor plans to build starter homes on up to semi-custom homes.
Want to build a custom home? See this important information on Custom Homes.
Below is a map showing communities currently profiled in Kaysville. You will also find below a listing of the Utah home builders currently building here and a summary of what they are offering.
It's an exciting adventure finding a Kaysville Utah new home! Click on the communities below to find the new homes Kaysville Utah has available, their part of the new home communities in Utah.
These are the top Kaysville Utah home builders and information about them:
|Home Builders
|Home Builders
This city is located in Davis County. Here's a link to the official city page. You can find lots of good information at the city's events page.
Public schools here are in the Davis School District. On each community page, you'll find the specific Elementary, Junior High or Middle School, and High School for that community along with links to their web pages. School boundaries often change. Be sure to verify all important school information.
Here are other cities in Davis County where you'll find some of the best new homes Utah has to offer.Davis County New Homes:
|Bountiful New Homes
|Centerville New Homes
|Clearfield New Homes
|Clinton New Homes
|Farmington New Homes
|Kaysville New Homes
|Layton New Homes
|North Salt Lake New Homes
|South Weber New Homes
|Syracuse New Homes
|West Bountiful New Homes
|West Point New Homes
Looking for a new home in a different county? Check these counties for new homes in Utah:
|Davis County New Homes
|Salt Lake County New Homes
|Summit County New Homes
|Tooele County New Homes
|Utah County New Homes
|Wasatch County New Homes
|Weber County New Homes
Here are the top Utah home builders currently building along the Wasatch Front:
|Alair Homes
|Alpine Homes
|Bach Homes
|Bangerter Homes
|Blue Pine Homes
|Brad Reynolds Construction
|Brighton Homes
|Building Dynamics
|Cadence Homes
|Castle Creek Homes
|Century Communities
|Dakota Homes
|David Weekley Homes
|Design Builders
|Destination Homes
|DR Horton
|Edge Homes
|Elite Craft Homes
|Fieldstone Homes
|Garbett Homes
|Georgetown Development
|Gordon Milar Construction
|Gough Homes
|Hallmark Homes
|Hamlet Homes
|Hardrock Homes
|Henry Walker Homes
|Holmes Homes
|Home Center Construction
|Ivory Homes
|J. Thomas Homes
|JCraft Homes
|Knight West Homes
|Liberty Homes
|McArthur Homes
|Millcreek Homes
|Mountain Vista Homes
|Nilson Homes
|Oakwood Homes
|Ovation Homes
|Patterson Homes
|Perry Homes
|Peterson Homes
|Rainey Homes
|Reliance Homes
|Richmond American Homes
|Salisbury Homes
|Sego Homes
|Sierra Homes
|Symphony Homes
|Tailor Built Homes
|Visionary Homes
|Watts Enterprises
|Woodside Homes
|Wright Homes
Your home will be in good hands with any of these construction companies in Utah.
Feel free to call us if you have any questions. Even if you're not ready to buy, we're happy to help. Just call us at 801-870-2772.


text:
Independent Study
Classical Studies
Kauke Hall
400 E. University Street
Wooster, OH 44691
Phone: 330-263-2575
Hours: 8 a.m. - 4:30 p.m.
All majors complete a one-semester Independent Study seminar in junior year and a two-semester senior I.S. Working closely with a faculty advisor, each senior identifies a topic of interest, researches it intensively, and writes an extensive study which must later be defended in an oral examination before two members of the department.
Recent Topics
Recent topics have ranged from the examination of marriage and death in three plays by Euripides to the portrayal of national identity in the works of Vergil and J.R.R. Tolkien. Lisa Favicchia '13, a double major in Classics and English, composed an epistolary novella, entitled "The Lost Letters of Calpurnia," based upon the life of Pliny the Younger's wife; David Chu '12 examined Euripides' choral innovations in Greek tragedy; Alice Dudley '11 wrote a cultural biography of the equestrian statue of Marcus Aurelius; and Kaylin Gaal, '11 completed an I.S. entitled, "They Did What to Their Junk? Roman Views of Greek Athletic Nudity."


text:
4790 W. 16th Street, Indianapolis, IN 46222
(800) 822-4639 (317) 492-6700 Mon-Fri, 9a.m.-5p.m. ET
Jul 5, 2020
June 05, 2012 | By Lyn St. James
When I retired from Indy racing in 2001 it was quite an adjustment for me, because other than a few years where I may have had only a few races, I've always been focused on having a "racing season" since I started racing in SCCA in 1974. Whether I was racing as an avocation, or as a professional, it's been the focal point of my life. But it is amazing how you can adjust to change, not easily, but eventually you can make adjustments.
One adjustment is it enabled me to focus more on the Women in the Winner's Circle Foundation activities and programs and we expanded our driver development academy. We created a traveling exhibit on women in racing collaboration with The Henry Ford Museum. I continue to be a motivational speaker, make personal appearances, and serve on the Kettering University Board of Trustees. I also continue to go to racing events, some of my favorites like the Rolex 24 Hours of Daytona, as well as others that I haven't been able to go to in the past such as NHRA drag races, quarter midget races, and short tracks – both dirt and pavement. This helps me stay current with the many types of racing and helps me keep track of some of the young, up and coming drivers. And I was honored to be invited to race a few times at the Goodwood Revival and Festival of Speed in England, which are extraordinary events, and opened my eyes to vintage racing. What a delight to find out that old race car drivers get to race old race cars! Unfortunately since I never knew when I might get the chance to race, it affected my motivation to be as fit as when I was racing on a regular basis. Plus along with some aches and pains, I just didn't feel like working out as much anymore.
Then in 2011 I was asked to be the Grand Marshal at the CSRG Charity Challenge event at Infineon Raceway and they were kind enough to make arrangements for me to be a participant – and race a 1977 Chevron B39 Formula Atlantic! It was like a dream come true! I remember watching those amazing cars race back in the 70's when I was racing my Ford Pinto and Cosworth Vega in SCCA and saying to myself "boy, I wish I could race a car that like some day". Well, some day finally happened! The car belongs to Chris Locke, who is an excellent vintage racer and is passionate about Lotus race cars, and has the Chevron as an "extra" car for him to hone his skills. It's maintained by John Anderson Racing, which is based at Sears Point Raceway, so when I arrived I was fitted with a proper seat and off I went. I can't say that I set the world on fire, but I sure was having fun. I hadn't been to Sears Point Raceway in over 10 years, and it's always been a tough track for me, but in vintage racing you go at your own pace. While there are some stellar drivers out there, everyone seems to take a few less chances with their cars. But I'm always hard on myself and want to either keep improving, or be the quickest. It was a really fun event and we all got along so well they invited me back for some future races. The next event was at Thunderhill (north of Sacramento, CA) and I qualified well and had 3rd, 1st, and 2nd place finishes. Boy did it ever feel good to have a win! In vintage racing there are no trophies, no podiums, and no prize money, but there sure are a lot of smiles.
The first race of the year is the Rolex 24 Hours of Daytona, and I have so many memories of Daytona – including a couple of victories, it's been one of my favorite races – I always go to that event. It's a great way to catch up with friends and start the year off right! I was surprised to see Doug Boles, Mark Dill, and other folks from the Indianapolis Motor Speedway and when we started talking I realized they were there because this year Rolex Grand-Am Series, who sanctions the 24 Hours of Daytona, will be racing in Indianapolis in July as part of the NASCAR Brickyard weekend. So when I told them about my recent racing successes Doug Boles said, "You should race at our race in Indy". And it only took me a moment to respond, and I immediately said to Doug, "that's a great idea! Let's make that happen!" So I started to talk with a few key people, including Mark Raffauf, the Chief Steward of Grand-Am. Everyone was excited and it was gaining momentum – and by the end of the weekend I had an appointment after the race and so began the journey of planning my come back to professional sports car racing!!! How exciting!!
So here's just a summary of some of the details needed to put this together:
• Learn the Grand-Am Rules – including what cars are eligible in which classes, and which would be the most competitive,
• Determine what teams would be good candidates, and get their contact information,
• Contact the manufacturers that support those teams,
• Define the budget, and develop a sponsorship and marketing strategy,
• Work on a testing schedule,
• Contact and work with people at the race track, the sanctioning body, the manufacturers, and the race teams,
• Get in shape!! – improve fitness, including strength, endurance, and flexibility,
• Pursue opportunities for lapping days at Bondurant, karting, and vintage races to get as much seat time as possible.
Mazda Motorsports USA said they would really like to have me race one of their RX-8 GT cars and that they would check with their teams. Speedsource out of Coral Springs, FL agreed to prepare the car that won the championship in 2010, so it's going to be a great car! And it's going to be fantastic for all the fans to see such a wide variety of race cars speeding around the Indianapolis Motor Speedway on the road course! There will be Corvettes, Mustangs, Porsches, Ferraris, prototypes, and of course Mazda's and many other types on the track racing for class victories!
I'm excited about doing this blog and sharing my story of preparation. It's the 20th anniversary of my rookie year at the 500 (where I won Rookie of the Year) and I just turned 65, so a lot to be excited about, and a lot of work to get done! So you are now going to be able to see and read about what it takes to get ready for just one race.


text:
Presented by Charles I. Plosser, President and Chief Executive Officer
Federal Reserve Bank of Philadelphia
4th Annual Simon New York City Conference
Reform at a Crossroads: Economic Transformation in the Year Ahead
New York, NY
May 9, 2013
PDF version (155 KB, 12 pages)
It has been nearly three years since the passage of the Dodd-Frank Wall Street Reform and Consumer Protection Act, which called for significant reforms of financial system regulation and supervision. As regulators continue to write thousands of pages of rules to implement the various provisions of the act, it seems like a good time to ask if we are adequately addressing the issues in most urgent need of reform. Today, I want to focus on one of the most significant issues: too big to fail.
Ending too big to fail was one of the highest priorities of regulatory reform and one of the most difficult to achieve. The idea that a failing financial firm must be rescued to prevent risks to overall financial stability is at the heart of the most controversial aspects of the recent financial crisis. Of course, having the government intervene to rescue a private firm is largely anathema to the idea of a free market. Just as reaping the rewards of success is an essential incentive that makes a market economy so highly productive, bearing the costs of failure is equally important and necessary. A real or perceived guarantee that taxpayers would backstop losses distorts effective decision-making, encourages excessive risk-taking, and leads to financial fragility.
Today, I will highlight why I think current efforts may not be sufficient and discuss a two-pronged approach to ending the problem of too big to fail. The first aspect of this approach is establishing a framework that permits a large financial institution to, in fact, fail without placing the financial system at risk. Large financial firms, and particularly their creditors, should not be rescued or protected by government guarantees or supports or by regulatory discretion. The second line of defense that I will discuss is to expect all financial firms to maintain sufficient levels of capital to significantly reduce the ex-ante risk of failure. Increased capital requirements can lower the incentive for financial institutions to become systemically important and lower the probability that such firms will fail in the first place.
But before I turn to specific proposals, I want to step back and reiterate some principles that help to guide my judgments about the right approach to regulatory reform. I should point out that these are my own views and are not necessarily those of the Federal Reserve System.
In the context of monetary policy, I have long been an advocate of simple, robust rules and transparent communications.1 Robust rules are important because they are intended to work well in a variety of environments, reflecting our limited knowledge about the true model that guides economic outcomes. Economists have also come to understand that using policies that are optimal in one specific model can deliver very poor outcomes if that model proves incorrect.
This cautionary tale applies to the design of regulatory frameworks as well. Although the financial world is very complex, there is merit in simple, transparent regulatory solutions designed to work reasonably well in a wide range of situations that are hard to predict. We want rules that regulators can enforce without having superhuman knowledge or foresight. However, regulators can predict with certainty that private actors will seek to evade regulatory taxes. They also know that enforcement costs rise with firms' incentives to evade regulatory taxes. In my view, simple mechanisms that are harder to evade — and even better, mechanisms that utilize market forces as an enforcement tool — are superior to an elaborate list of rules that seeks to cover every possible outcome. Simple and transparent regulatory mechanisms make it easier for market participants to predict how regulators are likely to behave. This, in turn, makes it easier for regulators to credibly commit to implementing these regulations.
I would also note that as regulation becomes ever more complex, compliance and enforcement costs rise significantly. Andrew Haldane of the Bank of England has argued that regulation of the financial sector is exploding with the cost of compliance and supervision following suit. He argues that we could be more effective and more efficient by simplifying our approach to regulatory reform.2 I whole-heartedly endorse this general approach.
So let me elaborate on the problem of too big to fail. During the financial crisis, we learned that regulators did not have adequate tools for handling the failure of seriously troubled financial firms that were perceived to be systemically important. Our responses to the failures of such firms were inconsistent, to say the least. With Bear Stearns, regulators brokered a sale to JPMorgan Chase and provided guarantees to the buyer against losses. While Bear Stearns' shareholders were largely wiped out, its creditors were made whole. With Lehman Brothers, no sale was brokered, the firm entered bankruptcy, and bondholders suffered significant losses. At nearly the same time, regulators intervened to take over AIG, many of whose creditors and large derivatives counterparties were made whole.
There are many conflicting narratives about this sequence of events, but I think we can all agree that our tools for resolving what we now refer to as systemically important financial institutions — or SIFIs — were inadequate. Going forward, without a credible resolution mechanism, the creditors of SIFIs will continue to believe that there is a significant probability that they will be bailed out if their firms get into trouble. And the bigger or more central a role the firm plays in the financial markets, the higher the chances of a rescue. Consequently, the creditors of these institutions have little incentive to exert discipline on the SIFIs' risk-taking activities, which is, of course, a traditional role for debt. Thus, an important source of market discipline on these firms is eliminated. Moreover, as long as regulators believe that creditors expect a bailout, they are likely to want to satisfy these creditors' expectations because not doing so could entail significant risk to the financial system. This is the essence of the too-big-to-fail dilemma. How do we break this cycle of expectations and get out of this trap?
Dodd-Frank's solution to this problem was embodied in Title II of the legislation. In particular, Dodd-Frank created a new type of resolution mechanism, the Orderly Liquidation Authority. Title II expands the existing authority of the Federal Deposit Insurance Corporation (FDIC) to resolve failing banks to include SIFIs. While there are some merits to Title II, I believe that a more standard bankruptcy mechanism, specialized for financial institutions, would be more effective in addressing the too-big-to-fail problem.
Before a firm can be resolved under the Title II framework, a majority of the Board of Governors and another regulator (the FDIC, the Commodity Futures Trading Corporation, or the Office of the Comptroller of the Currency) must petition the Treasury, in consultation with the President of the U.S., to exercise the Title II authority. In order to invoke Title II, the institution must be in or close to default and its failure must present serious adverse effects on U.S. financial stability.
At this point, the FDIC may take the firm, or parts of the firm, into receivership. As the receiver, the FDIC has expansive discretionary powers, including the ability to use Treasury funds to make advances to particular creditors in a manner that may be inconsistent with the legal priorities specified in their debt contracts if it believes that this is necessary to prevent systemic problems.3
While Title II improves our ability to wind down SIFIs, it affords substantial discretion to regulators, which I see as a serious drawback. Remember that Title II resolution is triggered only when there are concerns about systemic problems. On the one hand, by unleashing the FDIC's wide range of discretionary powers, the mechanism may lead to bailouts that are unnecessary or to rewarding certain creditors at the expense of others. Worse, these decisions might be made in an arbitrary manner that is inconsistent with the rules of priority. On the other hand, the complicated procedure for invoking the FDIC's Title II authority may lead to excessive delay. Just think about the highly politically charged issue of determining whether a firm is systemically important, especially if it has not been designated as such by the Financial Stability Oversight Committee — known as FSOC. The longer the delay, the harder it will be to ultimately resolve the firm without a bailout. In either case, Title II resolution is likely to be biased toward bailouts.
The discretionary aspect of Title II also makes it subject to other political pressures. Creditors will perceive that their payoffs will be determined through a regulatory resolution process in which political pressure can be brought to bear, independent of the rule of law.
Finally, the discretion entailed in Title II also makes decisions and subsequent outcomes less predictable. Thus, the mechanism could induce firms to game the system by taking actions that would place them in the category of firms that would receive a bailout.
A new bankruptcy mechanism, specialized for financial firms and applicable to all financial firms, whether systemically important or not, could alleviate most of the potential problems caused by the discretionary nature of Title II.4 By being more systematic and rule-like, a bankruptcy resolution would largely eliminate the potential for bailouts. Rather than providing firms with incentives to take actions that might increase their systemic-risk potential, a bankruptcy resolution mechanism would likely increase the firm's incentives to avoid actions that might result in bankruptcy.
One such bankruptcy mechanism proposed is to add a new Chapter 14.5 Under this system, a specialized federal judge, who could call upon the expertise of a special master, would oversee the resolution process. While the FDIC, or another regulator, could trigger a bankruptcy filing and would be one of the participants in the procedure, ultimate decision-making would rest with the judge. Deviations from absolute priority would be cleared through a judicial authority, not through regulatory discretion that is negotiated behind closed doors. The opportunities for drawing on Treasury funds would be more limited and carefully circumscribed.
Chapter 14 would also modify the bankruptcy treatment of repurchase agreements and derivatives, which would be treated more like other claims. Counterparties with claims collateralized by illiquid securities would have to petition the bankruptcy judge to take their collateral when a firm goes bankrupt, unlike the treatment under current bankruptcy law or Title II. Furthermore, any extra collateral taken by counterparties within 90 days of the bankruptcy would have to be returned to the bankruptcy court, just as collateral is treated for other secured claimants.6 Such changes have the potential to reduce the cost to the taxpayers of a financial firm bankruptcy by changing the incentives of financial institutions.
These changes would reduce the incentives for stressed firms to take on highly unstable liability structures as a means of forestalling bankruptcy. Counterparties would be wary about providing short-term wholesale funding, for example, or making derivatives trades with a stressed firm with illiquid securities as collateral. The sooner a troubled firm enters bankruptcy, the more likely that it can be reorganized or wound down without a bailout. This is a good example of a regulatory mechanism that uses market discipline and the firm's own private incentives to reduce taxpayer losses.
Let me be clear. I believe that specialized bankruptcy resolution mechanisms like Chapter 14 should supplant Title II, not supplement it. The coexistence of two separate resolution mechanisms creates some difficulties. Most notably, once a firm has entered bankruptcy, regulators might nonetheless invoke Title II. This possibility will certainly complicate managers' and claimants' expectations and incentives. That said, if a bankruptcy resolution mechanism for financial firms were offered, I believe that both regulators and firms may prefer to avoid Title II in most circumstances. In particular, regulators could avoid raising the threat of systemic risk, which might follow a petition to the President of the U.S. So, while I believe that a resolution regime with Chapter 14 could fully supplant Title II, a regime with Chapter 14 supplementing Title II is a significant improvement over one with Title II alone.
Another important issue that I have not discussed is the problem of international coordination when a global firm fails. This is a complicated issue that arises whether resolution occurs through Title II or through a specialized bankruptcy alternative. While progress is being made, more work needs to be done.7
I should also recognize that Dodd-Frank requires bank holding companies with more than $50 billion in assets and nonbank financial firms supervised by the Fed to prepare living wills. The living will is a detailed plan for the orderly resolution of the firm under the U.S. bankruptcy code in the event of serious distress or failure. The largest financial firms have already submitted the first round of living wills to the Fed. While requiring firms to plan ahead for their potential resolution should simplify the bankruptcy process and enhance the credibility of resolution without bailouts, I believe that we should be realistic about the limits of living wills. In particular, I have doubts that regulators can realistically expect firms to significantly reorganize their internal structure to facilitate their own demise, certainly not in normal times. I do believe that preparing a living will may open some firms' eyes to needless complexity in their internal organization. Indeed, we have seen this in the first round of submissions. In addition, the living will should become a part of our prompt corrective program when firms are under stress, in effect mimicking the use of prepackaged bankruptcies for nonfinancial firms.
Let me turn now to the second prong of eliminating too big to fail — preventive measures that reduce the probability that a financial firm will fail in the first place. The most effective preventive measure is adequate capital. Requiring financial firms to hold more capital can reduce the probability that Title II or Chapter 14 would have to be invoked. It cannot and should not eliminate all risk of failure, which is why higher capital should not be seen as a complete substitute for a having a well-articulated bankruptcy mechanism.
One accomplishment of Dodd-Frank is that it gives regulators the power to assign a capital surcharge for systemically important institutions. In the final analysis, the best protection against a bailout is for a bank to have sufficient capital to cover its own losses. In addition, higher levels of capital may permit regulatory or market interventions before a firm actually fails, thereby making bankruptcy or bailouts unnecessary. However, deciding on what level of capital is required is not trivial. Current Basel III proposals for a SIFI surcharge of 1 to 2.5 percent may simply be too low.
In addition to equity capital, requiring SIFIs to hold subordinated debt instruments, like contingent capital, can provide benefits. The fact that market participants have already been adopting contingent convertible bonds (COCOs) in various forms suggests that it might simply be easier to increase capital requirements by reverse convertible debt instruments rather than through large increases in equity capital. Reverse convertible debt automatically becomes an equity claim when, for example, the firm's capital falls below some trigger. The idea is that the firm's equity capital automatically increases when it comes under sufficient stress.8
More important than the details of the numerator of the capital asset ratio is the denominator. The Basel II and III emphasis on risk-weighted capital as the primary measure of capital adequacy should be seriously reconsidered, with more emphasis on the simple leverage ratio — the ratio of capital to unweighted assets.9 The primary arguments in favor of leverage ratios are straightforward. If we were looking for a regulatory tool that violated the basic principles I outlined at the beginning of this talk, i.e., that regulations should be simple and robust, you could hardly find a better example than the risk-weighted capital calculation. Haldane provides a rough estimate of the increasing complexity of the Basel risk weights using the number of pages of documentation for each successive Basel accord. The 30 pages of documentation in Basel I increased to 347 pages of documentation in Basel II and now to 616 pages in Basel III.10 We have a wealth of examples in which risk weighting has permitted very risky activities by institutions with little or no capital.11 In addition, there is evidence that even for relatively simple portfolios the measure of risk-weighted assets can vary significantly across banks.12
The measurement issue and complexity of risk-weighted capital requirements suggest to me that we should move to a simpler, more transparent approach. Specifically, we could adopt a framework that relies on simple but higher leverage ratios and require them to increase with the size, interconnectedness, and complexity of the institution.
Some policymakers and commentators have argued that designing mechanisms to resolve financial organizations without bailouts is largely beside the point. If some financial organizations are simply too big to fail, why not break them up into smaller organizations or require that each of the organization's entities that is above some critical size, for example, $50 billion, be separately capitalized at a relatively high level. On the face of it, these proposals meet the requirements of simplicity and transparency. In addition, I am sympathetic to the view that higher capital levels can protect taxpayers and that higher capital requirements would change organizations' incentives. Nonetheless, I have serious doubts about this particular approach.
For example, I don't think that regulators know enough to break these firms apart. I would rather see us pursue higher capital requirements. If that gives firms the incentive to reorganize, then let the firms and the marketplace determine the most efficient structure. This in combination with enforcing bankruptcy would be a better solution in my view.
Let me end with a few remaining challenges. We should be aware of the risk that activities may move outside the regulated banking sector in response to higher capital charges or that U.S. banks would become less competitive if capital requirements were higher here than in other countries. This is a real concern that is worth considerable thought.
But there are reasons that requiring more capital need not lead to an increase in the size of the shadow banking system. First, we should keep in mind that increasing capital requirements for SIFIs permits banks to engage in arbitrage by shrinking and becoming less interconnected, precisely the intention of the increased capital charges. Also, current estimates of an increase in capital requirements do not suggest that that even significantly higher capital requirements would be prohibitively costly.13
Recent Fed proposals to require foreign banking organizations to organize their U.S. subsidiaries under a unified, separately capitalized bank holding company in the U.S. would remove the most obvious path to shift regulated activities if capital requirements for U.S. SIFIs were to increase. Greater international cooperation in raising capital requirements will limit opportunities for arbitrage.
Can we end too big to fail? I think we can, but I believe the current efforts may come up short. If we are to end discretionary bailouts and the associated moral hazard problems that they create, we should seek more rule-like methods to resolve failing firms, such as a new Chapter 14 bankruptcy mechanism. But we also should accept the idea that more capital is an important buffer against financial distress. Importantly, we should seek to simplify capital regulation and reduce or eliminate the ever-increasing complexity of risk-weighted capital calculations. Finally, we should design regulations that encourage rather than discourage markets to monitor risk-taking. These steps will provide us with a better chance of ending too big to fail and promote a more stable financial system.


text:
King Statement on Upcoming Meeting between President Obama and Egyptian President Morsi
The President must make it clear that the United States is not going to engage in any kind of politically correct game with Morsi
Washington, D.C. – Today, Rep. Peter T. King (R-NY), Chairman of the Committee on Homeland Security, issued the following statement in response to reports that President Obama has invited newly-elected Egyptian President Mohamed Morsi to meet with him in the U.S.:
"I have had real concerns about Morsi from the start and I urge President Obama to be direct and unambiguous in his initial encounter with Morsi. The President must make it clear that the United States is not going to engage in any kind of politically correct game with Morsi and the Muslim Brotherhood and will not even begin to consider pro-Islamist and insulting proposals.
"One of Morsi's first public statements after his election was a pledge to seek the release of Sheikh Omar Abdel-Rahman, the "Blind Sheikh", imprisoned here after inspiring the 1993 World Trade Center bombing. Even though such a release is clearly off the table and surely will not happen no matter how hard Morsi tries, his pledge was a disgraceful way for him to start his presidency and President Obama must make that point emphatically. Morsi may say that he is not an extremist and wants to maintain a friendly relationship with the United States, but such statements raise serious concerns as to how his policies will actually develop. Morsi's words thus far raise very critical doubts as to whether we can expect real cooperation from Egypt on security matters and whether he will in fact honor the letter and the spirit of Egypt's treaty obligations with Israel."


text:
Peak Lists
Log In
Ascent of Doubletop Mountain on 2011-03-20
Joe Dorohovech
Sunday, March 20, 2011
Ascent Type:
Successful Summit Attained
Doubletop Mountain
USA-New York
3860 ft / 1176 m
Ascent Trip Report
Sierra and I started around 9:00 with Ryan from Seager. We left our snowshoes in the car and hoped for the best with trail conditions. The snow was solid the entire way, with only an occasional posthole once we were bushwhacking. We found the canister with no trouble and headed down to the saddle on our way to Graham. We were able to navigate the ledges fairly well and we ascended Graham in a series of steep and level sections. There were four hikers on the summit of Graham when we arrived. We followed their tracks most of the way to BLM. After spending about twenty minutes at the fire tower, we made great time as we descended to the Mill Brook Rd. parking area and finished by 4:00. The last day of winter hiking brought clear skies, no wind and mild temps in the mid 40's. Total mileage - 10.4
Summary Total Data
This page has been served 610 times since 2005-01-15.
Copyright © 1987-2020 by Peakbagger.com. All Rights Reserved.
Questions/Comments/Corrections? See the
Contact Page
Terms of Service


text:
Almost Home Lodging
Affordable Tahoe Lodging For Groups From 16 To 160 People
Call Owners 1-530-544-7736
Our group retreats have served many vacation groups in our 3 retreat facility lodging properties for more than 15 years and will continue to bring quality group retreat lodging in the Lake Tahoe area. We are the perfect place for the below groups:
Family reunions & Gatherings, Church and Church Youth, Business and Corporate, School and University, Education-Training, Sorority-Fraternity, Self Help Groups, Special Interest, Team Building, Organization, Ski & Board, Retirement, Workshop, Adventure, Bus Tours, All Sport, Wedding, Vacation, Golfing, Seminar, Fishing, Friends, Hiking, Nature, Biking, Singles and more! We are the IDEAL lake tahoe lodging facility for ALL groups ranging in sizes of 16 to 160.
Contact Owner : Rebecca
Phone : 530-416-2104


text:
Citrus cleaners are a refreshing way to get your home clean, but if you don't feel like spending money at the store, Apartment Therapy shows how to make your own for a fraction of the cost. The best part is it takes little effort on your part.
All you need to make your own cleaner is a few leftover citrus peels from oranges (or clementines), distilled white vinegar, and a little water. Simply fill up an airtight container with the peels, cover them with white vinegar, and wait two weeks. After that, you can strain out the peels, dilute the mixture with water, and dump it into a spray bottle. It takes hardly any work, and it's a heck of a lot cheaper than buying a cleaner at the store. Head over to Apartment Therapy for the full guide.
How To Make Homemade Citrus Cleaner | Apartment Therapy


text:
The dreaded infectious disease frequent in ancient Israel and proving fatal in the majority of cases was probably the bubonic plague, which in antiquity was especially prevalent in Egypt, and also occurred in other countries of the East (Pliny, "Historia Naturalis," iii. 4). Moses threatened the people with this pestilence (Lev. xxvi. 25; Deut. xxviii. 21), while
According to Ta'an. iii. 1, a city ravaged by the pestilence must institute fast-days and prayers. In answer to the question when may an infectious disease be called a pestilence, the Mishnah declares that if three persons die during three consecutive days in any city of 500 inhabitants, the pestilence is raging there. Further details are given in the baraita Ta'an. 21a, which decides that if nine persons die within three consecutive days in a city of 1,500 inhabitants, the pestilence is present; but that if nine persons die in one day and none in the following days, or if only nine persons die within four consecutive days, there is no pestilence. Ta'an. 21b states that in the first half of the third century
- Riehm, Handwörterb. s.v.;
- Herzog-Hauck, Real-Encyc. xi. 72-74.


text:
Geology Questions and Answers
Key articles
- Genesis and catastrophe
- Shifting sands
- Geology and the Young Earth
- The earth: how old does it look?
- What about continental drift?
- The origin of old-Earth geology and its ramifications for life in the 21st century
Was geological uniformitarianism the result of dispassionate scientific enquiry?
- Deep time in 18th-century France—part 1: a developing belief
- Deep time in 18th century France—part 2: influence upon geology and evolution in 18th and 19th century Britain
- Charles Lyell's hidden agenda—to free science "from Moses"
- Mineral evolution: What's next? Geobiology or biogeology?
- Hutton's a priori commitment to materialism
- The man who made the wedge: James Hutton and the overthrow of biblical authority
- St Hutton's Hagiography
- Analogy and geology—the 'science' of Charles Lyell
Can geological structures that we see today be explained by a global Flood?
- Was earth covered in water "3200 million years ago"?
- "Giant coastal sand dunes"
- Australia's remarkable Red Centre
- How Wilpena Pound, Australia, formed
- A classic tillite reclassified as a submarine debris flow
- Seeing Noah's Flood in geological maps
- Can Flood geology explain thick chalk beds?
- The collapse of 'geologic time'!
- Devils Tower can be explained by floodwater runoff
- Fluidisation pipes: evidence of large-scale watery catastrophe
- Paleosols: digging deeper buries 'challenge' to Flood geology
- Peperite: more evidence of large-scale watery catastrophe
- The Yellowstone petrified forest
- Three sisters: evidence for Noah's Flood
- Uluru and Kata Tjuta: Testimony to the Flood
- Many arches and natural bridges likely from the Flood
Can canyons be formed quickly?
- Massive erosion on California's Oroville Dam
- Canyon creation
- Canyon in six days!
- Grand Canyon: startling evidence for Noah's Flood
- Grand Canyon strata show geologic time is imaginary
- How old is Grand Canyon?
How were the earth's coal beds formed? How is coal a problem for belief in long ages?
- Confusion over mining plans and coal deposits
- Coal: memorial to the Flood
- Forests that grew on water
- The salinity of a floating forest
- Too much coal for a young earth?
How were limestone caves formed? How long does it need?
- Rapid cave formation by sulfuric acid dissolution
- Limestone caves: a result of Noah's Flood?
- Caves for all seasons
- The age of the Jenolan Caves, Australia
How does the Flood explain stalagmites, stalactites and other speleothems?
Is there evidence that rocks and gems formed in the biblical timeframe?
- Granite grain size: not a problem for rapid cooling of plutons
- The rapid formation of granitic rocks: more evidence
- Granite formation: catastrophic in its suddenness
- Keys to rapid rock formation
- Rapid rock
- Sandy Surprise
- Mud experiments overturn long-held geological beliefs
- Creating opals
- Microscopic diamonds confound geologists
- Warped earth
- 'Flat gaps' in sedimentary rock layers challenge long geologic ages
How do petrified man-made objects support the biblical timescale?
How did many fine layers of rock form?
- Green River Blues
- Sandy Stripes: Do many layers mean many years?
- Sedimentation Experiments—Nature finally catches up!
- Experiments on Lamination of Sediments
- Experiments on stratification of heterogeneous sand mixtures
- Soil formation and the age of the earth
What other evidence is there of geological structures forming quickly?
- Surtsey, the young island that looks old!
- Surtsey still surprises
- Niagara Falls and the Bible
- Rivers, rocks and … Shakespeare
- The story that won't be told
- Tuluman—A test of time
What is 'catastrophic plate tectonics'? Is it consistent with the Scriptures?
- Forum on catastrophic plate tectonics
- Probing the earth's Deep Places
- The Wilson cycle: a serious problem for catastrophic plate tectonics


text:
Welcome to Lunn's Colonial Funeral Home
Established 1913
The Lunn family has been serving the North Texas area since 1913. That tradition continues today at Lunn's Colonial Funeral Home in Wichita Falls. The tradition was begun by the grandfather of the late Raymond N. Lunn, who was the third generation family member at Lunn's Funeral Home in Olney, Texas. Ray's son, Will Z. Lunn and now his grandson, Cuatro Lunn and grandson-in-law Chase Richardson, represent the fourth and fifth generations of funeral service professionals in our family. Even with Ray's passing in 2014, his wife Valine Lunn still plays an active role in the organization's operation. Through the years, we have always endeavored to treat our families with the utmost care, compassion, and respect. Those we serve come to us in the time of their greatest need, and we always try to live up to the trust placed in us.
Our professional and caring staff is always available for your assistance and guidance whether it is in handling the funeral services for a loved one, prearranging your own personal funeral services, or just answering questions that you've always had, but didn't feel comfortable in asking. At Lunn's Colonial Funeral Home, we never forget that we are here to serve you.


text:
We use cookies on our site so you can place orders and to improve your experience. Continue to use our site as normal if you are happy with this, otherwise change your settings here.
Contact Us
Your basket is empty.
20,000+ Products • Finance Available • Free delivery over £50 • 30-Day Returns • Which? Recommended • 4.9/5 Trustpilot Rating
Log In to My Account
Don't have an account? Click here to register


text:
The Urban Passage Inc., a faith-based nonprofit organization, seeks adult volunteers, 50 years and older, to mentor high-risk youth at the Northern Virginia Juvenile Detention Home in Alexandria. Volunteers are also needed to serve as youth advisory council leaders and community service project leaders for a program that serves terminally and seriously ill children at INOVA Fairfax Hospital. Call 703-924-9840.
Leadership Arlington is looking for leaders who have a strong commitment to strengthening and building our community. This program provides an opportunity for people to enhance leadership skills and broaden their knowledge of issues and opportunites facing Arlington County. The deadline for applicants is noon, Monday, May 15. Call 703-528-2522 or visit www.leadershiparlington.org.
The Alexandria/Arlington Court Appointed Special Advocate (CASA) Program is seeking volunteers to speak up for abused and neglected children in court. Volunteers conduct interviews with children, families, and professionals, monitor compliance with court orders, write detailed reports, and represent the best interests of the child in court. Volunteers must complete training and background checks. Volunteers commit to one year with the program. Bilingual volunteers (Spanish/English) are greatly needed. Training begins in late February. To learn more, call (703) 820-9001 or visit www.scanva.org.
World Heritage Student Exchange program is seeking local host families for high school boys and girls from Spain, France, Germany, Thailand, Japan, Mexico, Switzerland, Denmark and Italy. Students are already awaiting word on their host family for the 2006-2007 academic school year. host families provide room, board and guidance for a teenager living thousands of miles from home. Call 800-888-9040 or visit www.world-heritage.org.
Volunteer Emergency Families for Children is looking for volunteer families to provide temporary shleter for children. Training provided Call Marybeth Miller at 703-969-3795 or visit www.vefc.org.
Foster Care Informational Meeting- Adolescent and Family Growth Center Inc. will be open from 5-7 p.m. to give an overview of Treatment Foster Care with AFGC. Social Workers will be available to speak with anyone interested in foster parenting. Come find out more about foster care in Northern Virginia. Call 703-425-9200 or visit www.afgcinc.com.
The Arlington County Chapter of the American Red Cross has received a $5,923 grant on behalf of the ExxonMobil Employees' Favorite Charities Campaign to fund local disaster relief services as well as the other programs of the Arlington Chapter, including emergency communications for military families, international tracing services and Eldercare, a medical appointment and grocery shopping transportation program for senior citizens.
These programs are designed to assist families with immediate emergency needs following a disaster such as a house fire. Victims of such disasters are provided with temporary housing, replacement of urgent medical supplies, food and clothing, depending on their unique emergency needs. Emergency communications from local families with loved ones serving in the U.S. military are provided when there is an urgent need such as a serious illness or death in the family. All emergency services are provided around the clock and around the world. International tracing services connect families separated by war or conflict. Volunteer drivers in the Eldercare program take mobility-challenged senior citizens to medical appointments and to local groceries. Employees and Exxon Mobil Corporation contributed over $1,900,000 to support hundreds of different non-profit organizations.
Northern Virginia AIDS Ministry is recruiting volunteers to be a friend and a mentor to a child affected/infected by HIV/AIDS. NOVAM matches a qualified adult with a child to spend time together doing fun things like movies, museums, biking, etc. twice a month. We have over 15 children on our waiting list waiting for that special friend and we only ask for four hours of your time a month. The Pals Mentoring Program is a great way to make a difference in a child's life. Email email@example.com for more information. Volunteers must be 21 years or older, have their own transportation and complete an application process. Training is required.
The 2005 "Scouting for Food" food drive conducted by Arlington Boy Scout troops netted nearly 55,000 pounds of food for hungry families in Arlington County. The food was delivered to the Arlington Food Assistance Center (AFAC) and will be distributed in the coming months to families who cannot afford to purchase sufficient food to meet their basic needs. AFAC was founded in 1988 to distribute groceries to needy families in Arlington. For more information, visit www.afacinfo.org. AFAC is located at 2708 S. Nelson St., and the offices can be reached at 703-845-8486.
Wheat's Lawn & Landscape is offering a $1,000 scholarship to one high school senior that is dedicated to serving the community in the McLean, Great Falls, Vienna, Oakton, North Arlington and Falls Church areas.
Wheat's Lawn & Landscape's 2006 Student Volunteer Scholarship will be granted to a student that has a proven record of volunteer service. The purpose of the scholarship is to reward students for their volunteer service in an effort to promote youth volunteerism. Application forms can be obtained at www.wheats.com or by calling 703-641-4790. The deadline for accepting scholarship nominations is April 1, 2006. Send nominations to: Wheat's Lawn & Landscape's 2006 Student Volunteer Scholarship, Attn: Mike Wheat, PO Box 6152
McLean, VA 22106.
Noah's Ark Foundation urgently needs foster homes for cats and dogs in the Northern Virginia area. The foundation will provide all the food, supplies and any vetting required for the animal. Only the home is needed. Volunteers can foster for as long or as short an amount of time as they would like. Foster caretakers will be responsible for transporting fosters pet to and from adoption events; however, special arrangements and transports can be made. For more information about the foster program, e-mail firstname.lastname@example.com. To see a list of animals that currently need foster homes, visit www.nafva.org and click on the "Available Animals" link.
Noah's Ark Foundation holds adoption events every weekend in Sterling and Fairfax. This opportunity is for any family in Northern VA and surrounding areas. For an event schedule at this location, visit www.nafva.org. All fosters will need to complete a foster application. Email firstname.lastname@example.com for more information.
CrisisLink, the greater Washington region's only 24/7 crisis, suicide and trauma prevention, intervention & response hotline, is seeking volunteers to take calls and respond directly to individuals in need. Volunteers can help make a lasting difference in the lives of teens, adults and seniors by learning the power of empathic listening. CrisisLink's comprehensive training program provides volunteers with the necessary skills to give referrals and to help callers in crisis develop problem-solving strategies. Hotline volunteers must attend 43 hours of intensive training in active listening and crisis intervention and are required to make an additional 150 hour (one year) commitment upon completion. Flexible hours are available upon close of training. Volunteers must be 18 years of age or older. Call 703-516-6770 or visit www.crisislink.org.
Help Handicapped Adults by Being a Friend. Community Residences is searching for caring volunteers to socialize with our mentally retarded or mentally ill adult clients. Volunteers will work within a group home atmosphere, and never be left alone with clients. A trained staff member will always be present. Volunteers pick a location and time convenient for them. A brief training , set at the volunteers convenience,)s required. Volunteers under 18 years of age are welcomed, but must be accompanied by an adult chaperon. Contact Person Jenny Aldridge at 703- 842-2300.
The Auxiliary of the Virginia Hospital Center, 1701 N. George Mason Drive, has openings for volunteers in a variety of patient services, daytime and weekends. To give a few hours toward this important work, call June Breen at 703-620-2944.
Some Place for Kids, sponsored by So Others Might Eat, wants volunteers to spend time with youth in grades 1-12, Monday through Friday from 3:30-7:30 p.m. www.some.org.
Mid-Atlantic Great Dane Rescue League (MAGDRL) is looking for good homes for orphan Great Danes. MAGDRL is a nine-state, all-volunteer organization that is funded solely by grants, donations and fund-raisers. They use those funds to restore sick Great Dane orphans to health and find adoptive home for rescued Great Danes from New York to North Carolina. In addition, their volunteers host educational events and provide support for current Great Dane owners by suggesting counseling and training that may help them keep their dogs. MAGDRL has Great Danes available for adoption that are already spayed/neutered and up-to-date on vaccines. Our orphans range in age from puppies to seniors. The adoption fee is $300 for orphans under 1 year and $275 for those over 1 year. Fencing is required, and MAGDRL will work with applicants to find a good fit for their lifestyle and their family. To offer a home for a Great Dane or to volunteer, visit www.magdrl.org or call 703-644-8009.
The Auxiliary at Virginia Hospital Center, Arlington, needs volunteers. Every third Thursday of the month, at 10 a.m. and 5 p.m., an Information Session is held in the Human Resources Conference Room. Call 703-620-2944 or 703-538-2362.
The Arlington County Medical Reserve Corps (MRC) assists public health to prevent disease and protect the community during emergencies and in other public health priorities. Members are current or retired health care professionals and interested others. MRC volunteers receive an initial orientation and are invited to periodic trainings. During an emergency, volunteers receive event-specific training and work with public health staff. Public health activities may include epidemiology, preventive treatment or prophylaxis, education, community monitoring and other measures to protect the public. More information may be found at the Department of Human Services Web site under the Public Health Division. Members are adults age 18 and over. Call Jan Tenerowicz, MRC coordinator, at 703-228-4986.
Smithsonian Behind-the-Scenes Volunteer Program. Behind-the-Scenes volunteers work with Smithsonian staff in various departments and museums. Typical volunteer assignments include administrative, archival, collections management, computer support, conservation, development, education, horticulture and libraries. Interested individuals must be able to volunteer Monday-Friday during regular business hours. The minimum time commitment is six hours per week for two months. Volunteers must be 16 or older. A completed application and an interview with program staff is required. Call Amy Lemon, program coordinator, at 202-357-2987. For more information visit www.si.edu.
Gardening Opportunity at Tuckahoe Elementary. Tuckahoe Elementary School has seven large "outdoor" classrooms with many gardens that always need tending. Families sign up to water once a week, but more volunteers are needed. Anyone who would like to tend the gardens should contact Beth Reese, the school's outdoor learning coordinator, at 703-228-5288. For more information visit www.arlington.k12.va.us/schools/tuckahoe/schoolyard. Tools and training provided if necessary.
Gardening Opportunity at Campbell Elementary. Garden Work Days are a part of Campbell Elementary School's history. The Campbell community works to build an environment where children learn through contact with their natural surroundings. To this end, three garden work days are scheduled in the spring and the fall. Parents, children, teachers and community members work to beautify the school. Volunteers are always welcome. Call Pat Findikoglu at 703-228-6770. For more information visit www.arlington.k12.va.us.
The Barrett Outdoor Classroom is located in the school's courtyard. It has a pond and waterfall, raised garden beds, a Virginia forest habitat, erosion/watershed center, a pollinator garden and bird watching centers and will be building a stage and pond observation deck this summer to add more learning centers to the area. Help is needed this summer with construction, weeding and marking plants and trees, as well as throughout the year with maintenance and other activities, such as sponsoring an after-school club to learn about nature in the outdoor classroom. Call Mary-Hannah Klontz at 703-228-6288 or e-mail: firstname.lastname@example.com. For more information visit www.arlington.k12.va.us.
The Arlington Community Services Board is seeking volunteers for the Substance Abuse Committee to the Board. The Substance Abuse Committee reviews and evaluates existing and proposed substance abuse services and facilities available to serve the community. Meetings are held once a month for two hours. Call Jennifer Slark at 703-228-4871.
The Carlin, an independent living facility for seniors located near Ballston Common, has a variety of opportunities for volunteers. Specific needs include assistance with our newsletter, particularly art work; helping to organize a Walking Club for people with limited mobility; a line dance organizer; and someone with medical experience to do blood pressure checks. Call Diane Downey, volunteer coordinator, at 703-243-4300.
Volunteers are needed to prepare dinner for 10 women off-site and then bring the meal to Pathways, a transitional housing program in NW D.C. for 10 women that are chronically homeless, and serve the meal to the residents. Dinner volunteers are needed Friday and Saturday from 6-7:30 p.m. After the initial meal is served, volunteers are welcome to sit down with the residents to eat and socialize. Menus and recipes are available. Call Allison Harvey, volunteer coordinator, at 202-783-6651.
Overnight Volunteers are needed Friday and Saturday nights at Pathways, a small, transitional housing program in NW D.C. that houses 10 women. Overnight volunteers provide assistance to the residents and set out a simple breakfast in the morning. A staff person is always on call to answer any questions. Volunteers arrive at 11 p.m. and leave at 8 a.m. A two-hour training is required. Call Allison Harvey, volunteer coordinator, at 202-783-6651.
The Washington Connection is part of the Grassroots Department at Common Cause, a national non-partisan non-profit organization. Volunteers help organize, educate and mobilize members across the country via telephone, written correspondence and e-mail. They keep local activists informed on legislation and mobilize these members to write, call or meet with their congressmen on Common Cause issues such as election reform, campaign finance reform, government ethics, redistricting and media reform. Most volunteers work 10 a.m.-3 p.m. Tuesday-Thursday but other days and times are available. Call Dan Lijana, volunteer coordinator, at 202-833-1200.
A driver and a driver's helper are needed to pick up food donations at local grocery stores and deliver them to the Arlington Food Assistance Center warehouse every other Thursday evening between 9 p.m. and 10:30 p.m. Needed is a licensed driver able to lift 40 pounds and use own vehicle or drive AFAC van. Call Nancy Cude, volunteer coordinator, at 703-845-8486.
The Polycystic Kidney Disease Foundation needs volunteers to help in one or more of the following: walk for PKD, other fundraising projects, publicity, reaching out to corporate community for support, public education about PKD and holding support group. Volunteering not only helps the PKD Foundation and the mission to find a treatment/cure but provides a local network of people for ongoing support. There are no minimum time or training requirements to become a chapter volunteer. A person needs to be dedicated to the cause of finding a treatment and cure for PKD. Contact Ruth Grayson Scott, chapter co-coordinator, at 703-863-8651.
Hogar Hispano, an immigrant assistance program of Catholic Charities of the Diocese of Arlington, is seeking volunteers to teach English one evening a week for two hours. Classrooms are located in over 20 sites throughout Arlington, Fairfax, Prince William and Loudoun counties. Foreign language proficiency and previous experience are not required. Hogar Hispano volunteers attend a one-day ESL Boot Camp and are given a teacher's toolbox of games, activities and resources, a text and a teacher's guide. Volunteers are required to attend 10 total hours of training in their first year of service, which can be easily fulfilled through the workshops provided on a quarterly basis. Contact Belle Penaranda, associate ESL coordinator, at 703-534-9805, ext. 239.
Computer C.O.R.E. needs a volunteer grant writer. Assist the executive director in researching and identifying grantors, writing and preparing applications. This volunteer will have a direct impact on the quality of service provided to clients and the future development of the organization. Some grantwriting experience would be helpful. Volunteer should have excellent writing and professional skills, communication skills and follow-through, office computing skills (Windows, Word, Excel, Internet/e-mail) and the ability to work independently. Two to four hours per week with a three-month commitment. Renewable. Contact Susan Townsend, volunteer management assistant, at 703-931-7346.
Opportunity Place, the client drop-in center for the Arlington Street People's Assistance Network, has a cabinet full of client files that need sorting. The project will take about five to eight hours total and can be done all at once or in two or three consecutive days. Project must be done during work hours — 9 a.m.-5 p.m. on weekdays. Volunteer needed as soon as possible. Opportunity Place is located at 2708 S. Nelson St., Arlington. Contact Jessica Wood, volunteer coordinator, at 703-820-4357, ext. 17.
NVBIA hosts three to four social activities throughout the year for the Brain Injury community. Guests are people who have survived a traumatic brain injury and their family members. Facilitators are needed to help set up, cook, serve and clean up after the party. Facilitators will mingle with attendees, helping them to socialize and to join in dancing or sport activities. The 2005 social calendar is: Summer Picnic Aug. 12 and Holiday Party Dec. 3. There are no training requirements or limitations on volunteers. Volunteers should, however, be outgoing, enjoy other people and able to help generate a festive atmosphere. Contact Cynthia MacDonald, treasurer, at 703-569-1855.
The Arlington Community Temporary Shelter needs volunteers to help run the thrift store for two hour shifts during all store hours, Tuesday-Saturday 10 a.m.-8 p.m. The shelter also needs volunteers to help with research, mailings, special projects, organizing and cleaning out files and supporting daily operations. The shelter offers help to women and families seeking shelter because of domestic violence. Call Roseanne at 703-522-8858, ext. 13, or e-mail email@example.com.
The Arlington Community Temporary Shelter needs weekend volunteers to support sheltered families, assist in daily operations and answer crisis and information phone calls. Caring, empathetic, non judgmental people are needed for Saturdays and Sundays for two-to four-hour shifts from 9 a.m.-9 p.m. The shelter offers help to women and families seeking shelter because of domestic violence. Call Roseanne at 703-522-8858, ext. 13, or e-mail email@example.com.
The Arlington Community Temporary Shelter, offering help to women and families seeking shelter because of domestic violence, hosts a Volunteer Information Night on the first Tuesday of every month from 6:30-8 p.m. at the TACTS Administrative Office, 3179 Wilson Blvd. There are more than 20 different ways to get involved. Call 703-522-8858, ext. 13, or visit www.tacts.org.
Whitefield Commons Community Resource Center needs volunteers for its after-school program. Get volunteer experience and help children improve their academic performance. Help children with their homework, and make a positive difference in their lives. After-school program runs Mondays through Thursdays, from 3—5 p.m., except on Wednesdays, when it runs from 1—3:30 p.m. Call Trinidad Coopman at 703-465-5001, or e-mail firstname.lastname@example.com.
BrailleInk needs a marketing/outreach research assistant to work with staff to compile and organize contact information for those who may benefit from and/or help distribute BrailleInk's materials, such as blindness-focused consumer and professional groups, public and private schools, libraries and booksellers. The volunteer will use information gained from Internet research as well as raw data supplied by BrailleInk. This is mostly computer-based work that can be done from anywhere and at anytime, only occasionally requiring an Internet connection. Contact Bruce Curtis, executive director, at 800-324-2919.
BrailleInk needs a community liaison to identify and speak with local teachers and school and public librarians about BrailleInk and its books, and gather and compile feedback. There are two main reasons teachers and librarians may be interested in BrailleInk's books: to provide greater access to these titles for individuals who are blind or visually impaired, and to educate the mainstream sighted community about visual impairments and Braille. Conversations with teachers and librarians would preferably be done in person but may in some cases be done by telephone. BrailleInk will provide orientation regarding visual impairments, Braille and the features of its books. Some flexibility with scheduling during school hours may help with arranging meetings with teachers; perhaps these meetings could be arranged early in the morning, at lunchtime or during PTA or staff meetings. Contact Bruce Curtis, executive director, at 800-324-2919.
Volunteer for the Greenbrier Learning Center Buddy Night. Spend time with elementary-school-age children while their parents attend a nutrition workshop. Volunteers will be matched up with a child or small group of children to play games and take part in fun, educational activities. Series will take place six Monday nights in a row. Join us for one, a few, or all six. R.S.V.P. to Lauren Cranman, 703-379-6488 or email@example.com.
Capital Partners for Education (CPE), the only combination scholarship, mentoring, and academic support and enrichment organization in the Washington Metropolitan area, is seeking motivated and committed professionals to mentor low-income high school students. There are no special skills required. CPE mentors are ordinary people, 21 years of age or older, who want to spend quality time with young adults in their community. CPE asks their mentors to commit to a two-year mentoring relationship, during which they meet with their student once per month and call or e-mail their student once per week. Volunteers also must attend one New Mentor Training Session. For more information on CPE's mentoring opportunities and to download a mentor application, visit www.cpfe.org and see the "Applications" section. Call 202-338-1330 or e-mail Darin Simmons at firstname.lastname@example.com.


text:
From the choices some people made in the comments, it seems that there is a desire out there to talk about . . . Bad Movies You Wish You Never Saw. So let's talk about it.
There's a case to be made that a BAD movie you wish you never saw should actually provoke a milder feeling than a GOOD movie you wish you never saw, because BAD movies are ineffective and by their very nature forgettable; whereas GOOD movies, like it or not, have a way of lingering in the mind.
Also, 99.9 percent of all bad movies are bad movies you wish you never saw, almost by definition. So the stipulation here is that these are bad movies you REALLY wish you never saw, that this was a movie that caused either PAIN or lasting trauma. Got any of those? Let us know.


text:
BJP is leading in 18 seats, Lalu Prasad's RJD is ahead in six constituencies while Congress is in front in one seat out of 40 in Bihar with Speaker Meira Kumar trailing in Sasaram.
LJP and JD(U) are leading in six seats and four seats respectively while Rashtriya Lok Samata Party (RLSP), an ally of BJP, is ahead in 3 seat.
Congress is ahead in one seat while UPA ally NCP is leading in Katihar, according to trends available at 10:00 AM.
In Sasaram (SC) seat, Cheedi Paswan of BJP is leading over Speaker Meira Kumar by 17,279 votes after five rounds of counting.
In Patna Sahib, BJP nominee Shatrughan Sinha is leading over nearest Congress rival and Bhojpuri actor Kunal Singh by 11,577 votes.
In Ara, former Union Home Secretary and BJP candidate R K Singh is leading by 9121 votes over nearest RJD rival Bhagan Singh Kushwaha.
In the high-profile Saran seat, Lalu Prasad's wife Rabri Devi is trailing Rajiv Pratap Rudy of BJP by 1349 votes.
In Bhagalpur, Shailesh Kumar alias Bullo Mandal is ahead of his nearest BJP rival Shahnawaz Hussain by 5882 votes.
In Hajipur, LJP chief Ramvilas Paswan is leading over his nearest Congress rival Sanjeev Prasad Tony by 3756 votes.
JD(U)'s Ramsundar Das is way behind at third position with 1,707 votes in comparison to Paswan's 8114 votes.
In Madhepura, JD(U) President Sharad Yadav is ahead of nearest BJP competitor Vijay Singh by 1853 votes. Rajesh Ranjan alias Pappu Yadav is at third position.
In Patliputra, Lalu Prasad daughter Misa Bharti is leading over 'uncle' Ramkripal Yadav of BJP by 5689 votes.
In Vaishali, LJP candidate Rama Singh is leading over former Union minister Raghubansh Prasad Singh by 3170 votes.
In minority-dominated Kisanganj, Congress Maulana Asrarul Haque is ahead of his BJP rival Dilip Jaiswal by 16265 votes.
In Darbhanga, RJD'S M A A Fatmi is ahead of his BJP rival Kirti Azad by 3148 votes.
In Jamui (SC) seat, Ramvilas Paswan's son Chirag Paswan is ahead of his nearest RJD rival Sudhansu Sekhar Bhaskar.
In Chief Minister Nitish Kumar's Nalanda constituency, JD(U)'s Kaushlendra Kumar is leading Satyanand Sharma of LJP by a slander margin of 110 votes.
Buxar is throwing a surprise with BSP's Dadan Singh ahead of his nearest BJP rival Ashwani Choubey by 1643 votes.
Another trove of ancient coffins found in Egypt
36 trees to make way for metro projects in Bengaluru
Opt out of '800', Muralitharan tells Vijay Sethupathi
Are all human beings decent deep inside?
Welcome aboard, sort of: How to start a new job in 2020
Airlines' Covid-19 safety analysis challenged by expert
How does China's digital yuan work?


text:
Novelist Cormac McCarthy sets up grim stakes early on in his post-apocalyptic parable The Road. The Woman tells the father of her son: "Sooner or later they will catch us and they will kill us. They will rape me. They'll rape him. They are going to rape us and kill us and eat us."
__McCarthy's 4 Missing Lines__Director John Hillcoat remembers being "hit like a train" when he read a prepublication manuscript of Cormac McCarthy's bleak 2006 novel The Road.
McCarthy visited The Road set, but he never read Joe Penhall's screenplay adaptation of his book. Early this year, Hillcoat — who cites McCarthy's harsh Blood Meridian as an inspiration for his prior film The Proposition — took a deep breath and screened a rough cut of the movie for his literary hero.
"The day of reckoning came when we went to New Mexico to show the film to Cormac, who lives in Santa Fe," Hillcoat said. "He pulls up in a beat-up old Cadillac and we go into this weird, big, high-tech studio in Albuquerque and screen The Road. The lights come up, McCarthy doesn't say a word. He excuses himself to go to the men's room. He's gone for 20 minutes, so of course we're thinking: 'This is not good.'
"Finally, Cormac comes back and says, 'Look, I didn't come here to blow smoke up your ass, but this is like nothing I've ever seen,'" Hillcoat recalled.
The only thing McCarthy found missing from the adaption was four lines of dialogue from the book, Hillcoat said. "Luckily, we had filmed them so we went back in and added that," said the director. "He loved the movie. For me, that was a huge relief."
So begins the journey of the Man and the Boy, a desperate father and his son who head for the ocean after an unnamed disaster destroys human civilization. There are no killer robots in McCarthy's Pulitzer Prize-winning novel, no alien forces blowing up the White House, no slick sci-fi technologies. Instead, The Road depicts a planet quietly dying as pockets of humanity give in to their baser instincts.
It's a grimly understated vision of a post-apocalyptic world. In adapting McCarthy's strangely compelling book for the screen, Australian director John Hillcoat hewed closely to the writer's pared-down prose.
Once he'd cast his principals — Viggo Mortensen plays the Man, 13-year-old Kodi Smit-McPhee portrays the Boy and Charlize Theron appears briefly as the Woman — Hillcoat faced a major challenge: How to translate McCarthy's rich wasteland descriptions into a compelling cinematic experience?
"Capturing all those incredible images and poignant movements became a matter of editing and not getting hung up or distracted by the poetry of language," Hillcoat told Wired.com. "Film has its own innate poetry."
To deliver the novel's worn and weathered ambience, Hillcoat avoided as much as possible the over-the-top digital approach employed by director Roland Emmerich for his post-apocalyptic spectacle, 2012.
Hillcoat shot The Road at 51 real-world locations to give the R-rated film, which opens Wednesday, an extra dose of authenticity.
"For all the spectacle of CGI," he said, "there's something alien and unreal about that domain, like a videogame. It's enjoyable for that fantasy aspect, but the book felt so much more real."
Hillcoat and his team spent several months in preproduction matching scenes from the book to locations in states including Pennsylvania, Oregon and Louisiana.
"We referenced all these man-made and natural disasters, then went all around looking for that stuff — it's all out there," Hillcoat said.
The stills below offer an advance look at the impressive wastelands of The Road, accompanied by commentary from Hillcoat and his team, plus relevant excerpts from McCarthy's novel. (Excerpts from The Road courtesy Vintage International; images courtesy Dimension Films.)
Above: Ships Stranded on Freeway ——————————–
This maritime wreckage was filmed in Louisiana by an Imax documentary crew two days after Hurricane Katrina devastated New Orleans and the surrounding area. "Cormac's material felt so familiar, like we've already seen it," Hillcoat said. "That's why we went to the leftovers of Katrina. Then we used CGI to take out the bright blue sky and green grass."
The Road excerpt:
When the bridge came in sight below them there was a tractor-trailer jackknifed sideways across it and wedged into the buckled iron railings. It was raining again and they stood there with the rain pattering softly on the tarp.
Suburban Devastation ——————–
Production designer Chris Kennedy scouted a number of locations in post-Katrina New Orleans, including the devastated neighborhood pictured above. He also found Pennsylvania to be a treasure trove of desolate settings. "The state has depressed socioeconomic situations in suburbs like Braddock and Keysport and devastated mining areas with coal piles and fly-ash piles that looked like a blackened landscape," Kennedy said in a statement.
The Road excerpt:
What is this place, Papa?
It's the house where I grew up.
The boy stood looking at it. The peeling wooden clapboards were largely gone from the lower walls for firewood leaving the studs and the insulation exposed. The rotted screening from the back porch lay on the concrete terrace.... This is where we used to have Christmas when I was a boy.
Wrecks on the Highway ———————
An 8-mile stretch of abandoned Pennsylvania freeway outside Pittsburgh served as the setting for several sequences. Throughout the 60-day shoot, cinematographer Javier Aguirresarobe worked hard to render a pollution-infested landscape.
"The sun was the enemy," said Aguirreasarobe, whose previous credits include The Others and Vicky Cristina Barcelona. "McCarthy portrayed a land that is naked of sun. The color green doesn't exist. In fact at night, the only light and color is from the red fire. To create true light and the truth of this apocalyptic world — that was my role. "
The Road excerpt:
They trudged all day, the boy in silence. By afternoon the slush had melted off the road and by evening it was dry. They didn't stop. How many miles? Ten, twelve.
Cannibals ———
The fear of being eaten motivates the Man and the Boy during their journey, but Hillcoat says he and screenwriter Joe Penhall took care to rein in the gore. "It was just a matter of being sensitive and paring it down and getting the balance right," Hillcoat said. "If you have too much cannibalism or other big stuff, it can overwhelm the emotional journey."
The Road excerpt:
They came shuffling through the ash casting their hooded heads from side to side. Some of them wearing canister masks. One in a biohazard suit. Stained and filthy. Slouching along with clubs in hands, lengths of pipe.... Then he heard on the road behind them what sounded like a diesel truck.... The truck had rumbled into view. Men standing in the bed looking out.... The truck passed on and the black diesel smoke coiled through the woods. Lumbering and creaking like a ship.
The Man, the Boy and the Shopping Cart ————————————–
Hillcoat did not add anything to McCarthy's story, but said: "There were a few practical things that were changed, like the shopping trolley being pushed through the woods. Try enacting that for real and it becomes a comedy."
The Road excerpt:
He leaned on the cart to get his breath while the boy waited. There was a sharp crack from somewhere on the mountain. Then another. It's just a tree falling, he said. It's okay.... All the trees in the world are going to fall sooner or later. But not on us.
The shabby thief —————-
To create a realistic wardrobe for The Road's characters, costume designer Margot Wilson searched through second-hand stores for much of the clothing seen in the film. Said Hillcoat: "The book's imagery — the shopping trolley and the ski jackets and the grime and the plastic bags — immediately brought to mind the homeless underclass in every major city in the world, living that apocalyptic world of day-to-day survival on the streets with no money and no food."
The Road excerpt:
They overtook the thief, bent over the cart, trundling the road ahead of them.... Finally he stopped and stood behind the cart holding a butcher knife.... Scrawny, sullen, bearded, filthy. His old plastic coat held together with tape. They could smell him in his stinking rags.
On the Beach ————
The coast represents the final destination for the Man and the Boy. Hillcoat filmed several of the story's climactic scenes on an isolated stretch of Oregon coastline that's composed of natural gray sand and black rock.
The Road excerpt:
They stood on the rock jetty and looked out to the south. A gray salt spittle lagging and curling in the rock pool. Long curve of beach beyond. Gray as lava sand.
Swamped Ship ————
Hillcoat recalls shooting the scene in which Viggo Mortensen, in character as the Man, stripped off his clothes and headed into the icy waves off the coast of Oregon. "As soon as Viggo hit the water, all the air just went 'whoooosh!' out of his lungs from the shock to his body," Hillcoat said. "We had people on ski jets, just out of frame, so as soon as I called 'cut,' they got Viggo and put him into a vehicle to warm up."
The Road excerpt:
God it was cold.... He waded naked into the water and stood and laved himself wet. Then he trudged out splashing and dove headlong.
Man and Boy Face Wastelands —————————
Unlike McCarthy's other works, The Road offers a measure of tenderness that Hillcoat says he found inspiring. "Cormac came to the set with his son, who called him Poppa, and we all witnessed where the heart of this story came from," Hillcoat said. "The stakes are raised, but it comes out of this unconditional love between these two people."
The Road excerpt:
He carried him up to the camp and covered him with blankets. He tried to get him to drink some water. He put more wood on the fire and knelt with his hand on his forehead. You'll be all right he said. He was terrified.
Don't go away, the boy said.
Of course I won't go away.
Even for just a little while.
No. I'm right here.
Okay. Okay, Papa.
See Also:


text:
Be a part of a unique online community that connects post production professionals and film academics worldwide.
You'll have access to personalize your news feed, access to Live Post Talks and much more. Contribute to the community by posting interesting post production content.
May 19, 2011, 9:12 am
Blackmagic Design today announced that Beverly Hills-based Ocean Video integrated the Blackmagic Design Micro Videohub, the world's smallest 3 Gb/s 16 x 16 router, into the 3D HD video assist cart they provided for use on the set of Pirates of the Caribbean: On Stranger Tides.
September 18, 2020, 1:15 pm
In this edition, check out an Away VFX breakdown, Adam Savage shows off his first-ever lightsaber prop replica build, and more.
September 18, 2020, 1:14 pm
The task wasn't easy: select, over 60 days, 60 seconds to represent 60 years of NASA history. Here's how the creative agency Oxcart Assembly worked to celebrate America's return to human space flight
September 17, 2020, 4:47 pm
Jon Favreau's The Mandalorian took home five Emmy's to lead the winners last night, as the Television Academy presented the third of its five 2020 Creative Arts Emmy Awards ceremonies honoring outstanding artistic and technical achievement in television. The ceremony awarded many talented artists and craftspeople in the categories of Scripted Programming.
September 17, 2020, 4:47 pm
It's becoming more common for external EQ and mixers to be replaced by a versatile integrated amplifier with audio processing. We asked four industry experts from different companies to share the benefits of these simple yet robust amplifiers and describe some applications where they will make a difference.
September 17, 2020, 4:46 pm
Let's make some superpowered, space-age HUDs! These blockbuster effects are surprisingly easy to nail, and they're a sure-fire way to add instant production value to your film and video projects.
September 17, 2020, 1:12 pm
Warner Bros. has posted its 'The Fire Rises: The Creation & Impact of The Dark Knight Trilogy' on YouTube, a lengthy doco on the trilogy. There's some fun VFX shots and behind the scenes material here, including a few pieces of Two-Face test footage.
September 17, 2020, 1:12 pm
In our new column Color Code, Luke Hicks chooses a handful of shots from a favorite film in order to draw out the meaning behind color and how it plays into both the scene and the film as a whole. For his third entry, he analyzes Jane Campion's In the Cut.
September 17, 2020, 1:12 pm
With the release of the buzzy Dune trailer last week, director Denis Villeneuve paid subtle homage to one of the past failed adaptations of Frank Herbert's seminal sci-fi tome. The trailer featured a choral cover of the Pink Floyd song "Eclipse," from the English band's 1973 album Dark Side of the Moon.
September 15, 2020, 7:54 pm
How were the superpowered siblings over at The Umbrella Academy going to top season 1's armageddon-causing shenanigans? How about by dropping the whole family in Dallas, in the early 1960s, and setting their family squabbles in the context of the JFK assassination? The second season of Steve Blackman and Jeremy Slater's Netflix's show, based on the comic book series by Gerard Way, managed to deliver on the promise of season one by forcing the super sibs to face not only their own demons but take stock of some of America's demons to boot. It also gave them not one but two apocalypses to try and avert, a trio of Swedish assassins to deal with, and their many personal failings to try and work out.
September 15, 2020, 7:54 pm
It's quite a busy season for Adobe right now. Adobe Video World has been ongoing this week, it was recently announced that Adobe MAX 2020 is free and open to all, and today we get the September release of Adobe Premiere Pro and After Effects. I don't think these are huge releases but a few things of note.
Gordon sits down with documentary editor and producer Kathryn Robson to discuss storytelling and her work on the hit Netflix ...
Gordon sits down to talk to Emmy Nominated editors Kate Sanford & Tim Streeto to discuss their work on the Marvelous Mrs. ...
Gordon sits down with Wade Barnett(Supervising Sound Editor) and David Barbee (Sound Designer) to discuss their work on Amazo ...
Choose what Post News gets sent directly to your E-Mail, daily or weekly.
Get your post news on your favourite Apple device, when you want it where you want it.
Get your post news on your favourite Android device with the AOTG Android App.


text:
Chinese Economy Facing Roadblocks
China is facing a slowdown as a gauge of manufacturing health hit a nine-month low and as banks become more cautious about lending. The WSJ's Tom Orlik tells Michael Arnold what the government needs to do to stimulate growth.
This transcript has been automatically generated and may not be 100% accurate.
... the the ... a cash crunch and China's money markets is threatening to lending just as fresh data on Thursday shows growth slowing even further ... for Asia Today o Michael Arnold ... joining me from Beijing is Wall Street own reporter Tom Orlik song welcome ... thanks ... so mom interbank lending rates in time and money markets of servers over the past two weeks almost a two-year high ... can you want this to what's been going on there um why rates are going up so much ... oh well there's a couple of times free faxes it work ... firstly it's taxis in the Chinese corporates ... those also holiday ... pay for these things that's too two months to catch ... we'll see seems that the bishops' lead Iranian capital employees which means there's less money coming into the system ... but the more worrying thing that China's government ... is will this suggests that by the ... over extension of credit in the economy ... and the fragility of the banking system ... if banks had made so many loans in the last four years ... but if the quality of these latest was insane level ... and they would be to scramble to catch which is pushing a money market rates ... that is higher lending rates come as data out this morning shows the manufacturing activity ... fell to a nine month low in June ... this comes after GDP growth in the first quarter was disappointing the week and it suggests that the second quarter could be read as well ... I'm wondering come um what implications both for China's economy also for the rest of Asia which is pretty heavily dependent on the up and China's growth to pull along ... well um ... the latest readings all on China's Economic Grace all week um I think ... the markets and Iris are used to the ... hype over the debt ceiling increase in the second courts that ... is lower than the increase in the first ... increase in the US courts that was already pretty disappointing ... for China's leaders ... this is retaking the test that determination ... to stay the course Olam resisting the temptation to stimulate grace ... and pushing ahead with reforms ... up for the rest of Asia ... China has great to be the one of the least important ... facts is trading ... the region ... with everything from Australian pioneer pool to ... tidy tourism night depends on the health or the Chinese economy ... said Katie weakness in China is also bad news for the rest of Asia ... Miller's been um a firm of puzzlement ... as to why the PBOC hasn't stepped in to try to ease liquidity crunch ... in you mention the banks in an overextended of cups of thorns of trying to send a message ... of wondering you know what to do ... what is the cash crunch and also the weakening data would welcome a policy options as a present for China's leaders now ... also China is the isthe is really Lew easy on says ... in the cost is great slave ... the government workers owned by opening the lending floodgates to stimulate high investment ... the situation that is really the ... the banks of exhausted that passes he to accelerate lending ... and investment is already extremely worrying clients so that claim to ... stimulus response is not really available to the government ... I think what about a lot of analysts think the government is going to do ... is cut right with some really strong signals of aggressive structural reforms of ... raising dividends of statements praises of liberalizing interest rates ... reforming the system of high school registration towline migrant workers to enjoy the benefits of the Bud light ... these things wouldn't happen to me to short-term impact on Greek ... that they would reassure the markets that China's leaders focused on the difficult changes ... require to ensure cricket the medium term ... Tom Orlik thanks for much for joining us and for from your insight ... for Asia Today o Michael Arnold for more this story is from the dubious J dot com ...