text:
- Course Delivery
- Online
- Total Credits
- 87
- Tuition
- $63,360
- Duration
- 3 years
Program Highlights
- 100% online, no campus visits are required
- Both degrees are conferred sequentially
- Transfer up to 60 total credits from a regionally accredited institution into the undergraduate portion of the program
- Nine credits of the MSHS in Regulatory Affairs are completed in the undergraduate portion of the program and charged at the undergraduate per credit cost
Dual Degree: BSHS in Clinical Research Administration to MSHS in Regulatory Affairs Program Overview
Our multi-level, dual-degree learning option provides you with a seamless way to earn your BSHS in Clinical Research Administration and an MSHS in Regulatory Affairs through an accelerated format, allowing you to earn your BSHS and MSHS in less time by combining the work toward both degrees.
You'll learn to:
- Apply Good Clinical Practice (GCP) regulations to ensure clinical trials meet sponsor needs, investigator goals, and regulatory standards.
- Understand pre- and post-market requirements for medical products as governed by domestic and international law.
- Develop and manage ethical clinical trials that address cultural considerations and meet commercial needs.
- Employ business principles and lead strategic decision-making in a variety of health care roles.
Who Is the Ideal Student for This Program?
If you are driven to be a leader in the rapidly growing clinical research field, and interested in how new medical products intersect with legal and ethical frameworks, this degree program could be for you. From the foundations provided in the clinical research administration BSHS, to the finer points of regulatory affairs in the MSHS program, this online program is designed to prepare you for the challenges of today's health care innovation sector. To succeed, you should be self-disciplined, self-directed and ready to collaborate with faculty and classmates online.
Career Outlook
With the skills you will gain in our dual-degree program in clinical research administration and regulatory affairs, you will be ready to enter a variety of jobs throughout the medical innovation field:
- Operations Research Analyst, $81,390 median salary
- Regulatory Affairs Specialist, $64,476 median salary
- Regulatory Compliance Officer, $61,374 median salary
- Clinical Trial Manager, $98,021 median salary
Request More Information
To learn more about the online Masters in Clinical Microbiology, contact an Admissions Advisor today at (844) 386-7323.
1. https://www.bls.gov/ooh/math/operations-research-analysts.htm
2. https://www.payscale.com/research/US/Job=Regulatory_Affairs_Specialist/Salary
4. https://www.payscale.com/research/US/Job=Clinical_Trial_Manager/Salary
The Dual Degree BSHS in Clinical Research Administration/MSHS in Regulatory Affairs at GW consists of 87 total credit hours. The per credit hour costs for undergraduate and graduate courses taken for the BSHS degree is $635 per credit hour. The per credit hour costs for graduate courses taken for the MSHS degree is $1,040 per credit hour.
Admissions Requirements
To be accepted to this program, you must have:
3.3 GPA or above on a 4.0 scale
Completed coursework
Students must have earned 45 – 60 transferable college-level coursework or an Associate's degree. Non-traditional credit sources may be considered on a case-by-case basis (i.e. military coursework, credit-by-exam, EMT or RN License, and non-college based health programs). Completed course work should include 3 credits in English Composition, 4 credits Physical or Natural Science (including a lab), 6 credits Social Sciences, 3 credits Humanities.
A written personal statement
Please include a 250-500 word essay describing your reasons for undertaking study at the George Washington University, and your academic objectives, career goals, and related qualifications, including collegiate, professional, and community activities, relevant to your program of interest. Include any substantial accomplishments not already mentioned on the application form.
Completed Application
Application Fee: A non-refundable application fee of $80 is required. The application fee is waived for active-duty U.S. military, current GW students, degree-holding GW alumni, current McNair Program Scholars.
One Letter of Recommendation
Official transcripts from every college and university attended. All non-U.S. transcripts (including those in English) must be evaluated by an accredited foreign credential agency. Please find the list of member organizations here: https://www.naces.org/members Verification of high school graduation or completion of GED unless already have an earned associate's degree or higher.
International Students: Applicants who are not U.S. citizens are also required to submit official test scores for Test of English as a Foreign Language (TOEFL) or Pearson's Test of English (PTE) Academics or the academic International English Language Test System (IELTS). The following are the minimum scores for admission consideration: TOEFL: 250 computer-based or 100 Internet-based GW's school code for the TOEFL is 5246. PTE: overall score of 68 IELTS: overall band score of 7.0, with no individual band score below 6.0 International applicants may be considered for admission without submitting the above scores if: You are a citizen of a country where English is the official language, You hold a bachelor's degree from a country where English is the official language and language of instruction, You hold a bachelor's degree from an institution accredited by a U.S. regional accrediting agency.
This multi-level online dual degree program offers academically qualified individuals a seamless and accelerated pathway for completing both the Bachelor of Science in Health Sciences (BSHS) in Clinical Research Administration and the Master of Science in Health Sciences (MSHS) in Regulatory Affairs. Undergraduate and graduate degrees will be conferred sequentially, with the BSHS awarded upon completion of 120 credits (nine of which are taken for graduate credit). The MSHS is awarded following completion of an additional 27 credits (9 courses) of graduate coursework including one elective course.
*Course is taken as an undergraduate and applied to both the BSHS and MSHS curriculum.
**Courses to be completed in the MSHS in Regulatory Affairs program.
CRA 2102Processes of Clinical Research3 Credits
The student examines the process steps and regulatory requirements governing the development and registration of investigational new products from different stakeholder perspectives as well as the steps and requirements in the conduct of a clinical trial for an investigational new drug or device while ensuring data integrity and human subjects protection.
CRA 2104The Business of Clinical Research3 Credits
The student compares and contrasts the business priorities of sponsors, sites and third party vendors, such as contract research organizations (CROs); the student also examines the business considerations in preparing clinical trial budgets including outsourcing and potential trial delays.
HSCI 6264Epidemiology for Clinical and Translational Research**3 Credits
Provides an introduction to the way epidemiologists explore individual characteristics and their influences on public health, identify risk factors and health disparities of disease and provide information for preventive medicine through the use of descriptive studies, surveillance and analytical studies. The basic concepts and methods of epidemiology and their application in measuring, studying and improving the health of populations are discussed.
CRA 2101Basics of Clinical Research3 Credits
The student explores the different phases of drug and device development and introduces basic concepts such as benefit-risk assessment, the different stakeholders, protocol, informed consent, clinical oversight, institutional review board, Good Clinical Practice (GCP), investigational clinical supplies, data management activities, safety reporting, and monitoring.
CRA 2103Good Clinical Practices3 Credits
The student analyzes the rationale and goals of Good Clinical Practice (GCP), and applies key principles within the context of case studies.
CRA 2105Capstone in Clinical Research Administration3 Credits
In this capstone course, students analyze business, ethical, cultural and practical aspects of clinical trial conduct; explore trends and technologies driving efficiencies in clinical trial performance and demonstrate how ethical and regulatory principles and trial management practices align to ensure quality and compliant clinical research conduct.
CRA 2107Introduction to Monitoring Clinical Trials3 Credits
The student analyzes and evaluates the basic principles and processes involved in the monitoring of clinical trials, as well as the required documentation such as monitoring visit reports; the student also examines the role of key participants with emphasis on the clinical research associate.
HSCI 2102 Pathophysiology3 Credits
Biomedical and scientific framework for the understanding of human disease mechanisms and biologic processes. Overview of infectious, immunologic, cardiovascular, genetic, respiratory, gastrointestinal, neoplastic, reproductive, renal, hematologic, neurologic, and musculoskeletal diseases.
HSCI 2103Health Policy and the Health Care System3 Credits
Incorporates economic theory and policy analysis methodology to analyze the impact of changes in the health care system on the practice of health sciences professionals and the quality and process of health care. Development of critical thinking skills through review of current medical literature.
HSCI 2105Current Issues in Bioethics3 Credits
Basic issues, approaches, and requirements of ethically acceptable decision making with patients, including patient confidentiality, conflicts of interest, allocation of scarce resources, occupational risks in health care, and professional responsibility for overall quality of care.
HSCI 2107Health Care in Literature3 Credits
Literature, as well as TV and film, has shaped the public's attitude toward health care for as long as storytelling and health care have coexisted. In the last hundred years, health care related discoveries have proliferated, benefiting from innovative research, while society remains plagued by many of the same problems such as the treatment of family violence, the extreme stigma of certain illnesses, or disparities in access and quality of health care. By studying literature, medical journals, as well as some visual media that have engaged with these and other health care issues, students will acquire a better understanding of how cultural attitudes toward health care are created, altered and reinforced. Through assignments students will explore how literature forms or expresses society's opinions on controversial health care issues, and what these opinions mean for practitioners and patients.
HSCI 2112WWriting in the Health Sciences3 Credits
Introduction to the health sciences literature. Emphasis is on construction, evaluation and organization of written communication of health sciences information.
HSCI 2113Informatics in the Health Sciences3 Credits
Introduction to health care informatics, including management and clinical information systems and their role in administration, clinical, and research arenas in health care.
HSCI 2117Introduction to Statistics for Health Sciences3 Credits
Foundational concepts in descriptive and inferential statistics, including probability, sampling distribution, estimation, correlation, t-Test, simple linear regression, and chi-square. Application of statistical concepts and methods within the health sciences.
HSCI 4103Health Care Law and Regulation3 Credits
This is an upper division course intended to introduce students to the legal structures, rules, and mechanisms important to health care professionals, executives and organizations. Students analyze a range of legal standards related to medical malpractice and liability, fraud and abuse, and health care compliance. Since this is a health sciences course, trends in genetics, pharmacy law, and laboratory law will be discussed. In addition, students will become familiar with key legal terms, documents, and sources of law; the tools of communication and governance that shape health care arrangements and practices.
HSCI 4105Case Studies in Health Care3 Credits
The goal of the course is to equip learners to examine issues in health care and develop multi-dimensional approaches and solutions.
HSCI 4106Introduction to Epidemiology3 Credits
An introduction to epidemiological methods and their applications in the prevention and control of illness, community and clinical interventions, and health services.
HSCI 4112WResearch and Writing for Health Sciences3 Credits
In this course, one of the key objectives is to work with you on your critical thinking, analytical, and integrative skills as a future graduate of the George Washington University.
HSCI 6223Topics in Health Care Leadership*3 Credits
Students examine leadership/leadership change theories in the healthcare industry setting, as well as management and communications strategies, and values in a systems framework. Students develop their own personal leadership philosophies through the various assignments.
HSCI 6240Issues and Trends in Health Systems*3 Credits
Students examine the major themes on healthcare policies, trends, and issues in the major health systems and research enterprise. Students evaluate the larger contemporary issues, trends, policies, and implications that influence and shape current research and health care practices.
HSCI 6241The Health Care Enterprise**3 Credits
Develop a clinical research enterprise strategic plan, while analyzing business considerations, such as marketing, economic sustainability, fiscal management, quality improvement and integrating technology. Through the development of a strategic plan, you will build an understanding of the intricacies of leading and managing a business unit and management principles in assignments throughout the semester.
HSCI 6263Biostatistics for Clinical & Translational Research**3 Credits
Provides an introduction to the foundation of biostatistics, which is comprised of the design and analysis of clinical research. Topics include distributions, populations and sample selection, variables, interaction and confounding, hypothesis formulation, correlation, t-tests, ANOVA, regression and chi-square analysis. In addition, the course will examine the interpretation of output from statistical software (SPSS and SAS). Practice problems and review of scientific literature are also included to provide a comprehensive context in public health.
RAFF 6201Introduction to Global Regulatory Affairs*3 Credits
Serves as a foundation for the entire program and is designed to provide students with a framework necessary to develop an integrated understanding of regulatory affairs. It looks at the big picture, covering U.S. and international legislation and regulatory processes guidelines, as well as the pivotal role that regulatory affairs leaders play in developing products, navigating the regulatory review and approval process and contributing to keeping products on the market.
RAFF 6202Regulatory Strategy in the Development of Drugs and Biologics**3 Credits
Covers the development and evaluation of global regulatory strategies that support drug and biologic product development. In this course students analyze the critical elements of the product life cycle in the determination of a regulatory strategy, assess the roles of non-clinical and clinical data in determining regulatory strategy, appraise approaches for integrating strategic business needs into regulatory planning and evaluate the role of post-marketing efforts in shaping regulatory strategy.
RAFF 6203Regulatory Strategy in the Development of Devices and Diagnostics**3 Credits
Provides a framework for the development and evaluation of the regulatory affairs strategies that support device and diagnostics development. Objectives for this course are to analyze and evaluate the principle components of global regulatory strategy for devices and diagnostics, examine the regulation of medical devices through an epidemiological lens and analyze essential considerations associated with specific classifications or specialty areas of medical devices.
RAFF 6204Integration of Regulatory Science**3 Credits
This course sources in the evaluation and assessment of regulatory strategies. Topics include protocol development, study design, post-marketing surveillance, evaluation and assessment of regulatory submissions. Through the framework of clinical trial design, we evaluate and assess strategies for achieving regulatory strategy in clinical development goals. The course introduces students to the planning and conduct of clinical trials. It provides an overview of clinical trials terminology and discusses issues related to clinical trial design. It discusses the components of a clinical trial including considerations regarding planning and carrying out a study. In the course we evaluate alternative clinical trial design options as conduits for achieving regulatory approval.
RAFF 6205Regulatory Compliance**3 Credits
This course focuses on the analysis and evaluation of regulatory affairs compliance strategies and guidelines. Topics include pre- and post-marketing compliance, labeling, advertising and required reporting. In this course we identify and assess regulatory requirements, policies and guidelines associated with good practice (GXP) regulatory compliance issues. Students are required to critically analyze regulatory compliance issues and to integrate and develop implementation strategies for ensuring regulatory affairs compliance in medical product manufacturing, development, labeling and marketing. Students will need to demonstrate their ability to craft written regulatory communications including root cause analysis and corrective and preventive actions (CAPAs).
RAFF 6275Leadership and Change in Regulatory Affairs**3 Credits
Theories of leadership and change are integrated in the development of change proposals for the regulatory affairs field. This is a capstone course focusing on the concept of leading change within the contexts of health professionals, health systems and health policy. Organizational, management and change theories, as well as characteristics of personal and professional change leadership, are explored in relation to expectations for successful executive leadership and performance in today's dynamic health care environments.
CML 6274Health Economics and Finance**3 Credits
Issues of health care economics, financial management, and budgeting that relate to managerial decision-making. Applied financial management, management control systems, budgeting, staffing, and cost accounting.
CRA 6203Partnerships with Human Subjects**3 Credits
This course explores regulatory, policy, ethical and practical considerations associated with the engagement, recruitment, retention and interaction with human research subjects.
CRA 6208International Clinical Research**3 Credits
Analysis of the strategies and methods of clinical research in international settings; explore cultural and ethical consideration in global clinical research projects.
CRA 6209Quality and Risk Management**3 Credits
This course explores how to manage risk and safety assessments to ensure quality in clinical research.
HCQ 6201Building a Quality Culture**3 Credits
Covers the analysis of quality and patient safety challenges in U.S. health care with a focus on political and environmental influences.
HSCI 6223Topics in Health Care Leadership**3 Credits
Allows students to think critically about leadership concepts by analyzing and evaluating academic articles associated with leadership, change management and systems development. It is designed to use course content as a mechanism for developing critical thinking skills. This is a course that requires academic writing, contrasting and comparing ideas and extrapolating current literature into practical application.
HSCI 6264Epidemiology for Clinical and Translational Research**3 Credits
Provides an introduction to the way epidemiologists explore individual characteristics and their influences on public health, identify risk factors and health disparities of disease and provide information for preventive medicine through the use of descriptive studies, surveillance and analytical studies. The basic concepts and methods of epidemiology and their application in measuring, studying and improving the health of populations are discussed.
Tuition & Fees
Tuition for the BSHS undergraduate courses is $635 per credit hour. MSHS graduate course tuition is $1,040 per credit hour.
Per Credit Hour
- Tuition: $728
3 Credit Hours
- Tuition: $2,185
What's it like to earn this degree online?
- Study on your schedule
- The flexible anytime, anywhere approach to online learning at GW means that you can study and work on assignments when and where it's convenient for you. Balance your personal and professional commitments. At GW online, you can advance your career without stopping it.
- Personalized learning
- Many of our online programs have a student-instructor ratio that's lower than on-campus classes, making it easier to interact with fellow students and get personalized attention from your instructors. Plus, you have access to one-on-one tutoring to help ensure your success.
- The prestige of a GW degree
- Now you can earn a GW degree without relocating your life, giving you access to the distinguished connections and opportunities we provide. When you earn a degree from an online program at GW, you earn a degree from the George Washington University. Entrusted with its rights, privileges, and honors, you'll join the ever-expanding GW alumni community who make the world a better place.
- Connect to campus from anywhere
- GW is your link to leading authorities in policy and health care in Washington, D.C. You'll be able to research, collaborate, and discuss with classmates and instructors using online learning management systems. Engage with all the resources GW offers, including tutors, the writing center, career services, and libraries—all online.
- A dedicated advisor from day one
- Each GW online student is assigned an academic advisor who will support your journey to graduation. You'll get help finding resources, guidance on scheduling classes, answers to your questions, and more. As an online learner at GW, you're never alone.
- Round-the-clock tech support
- A late-night software malfunction won't keep you from getting your assignment in on time. GW provides 24/7 technical support for our online students, ensuring you have complete access to what you need, when you need it.


text:
Book three of the Shadowfell trilogy
By Juliet Marillier
Available now from Knopf BFYR (Penguin Random House)
Review copy
Read my review of Raven Flight
Flint has been a steadfast inside man for the rebellion, but when THE CALLER opens, he's ready to abandon his post because of the tragic events of RAVEN FLIGHT. One of the perils of reading so many books is that in the year between the second and third books of the Shadowfell trilogy, I'd forgotten what tragedy had happened. It took me a couple of chapters to get back into the swing of things, but I managed.
Neryn has accepted her position as the Caller, and she has two more teachers to seek out before she uses her powers at the Gathering to depose the wicked king. But Flint was bringing news: the king has found his own Caller. The rebellion's plan was already a fragile thing, and now Neryn's role is more important than ever.
The Shadowfell trilogy is an enjoyable throwback to more traditional fantasy. THE CALLER has an accelerated pace, compared to the gentle slowness of the first two books, but it makes sense given that it covers the culmination of a rebellion. I enjoyed Flint's increased role in THE CALLER, as well as Neryn's tendency to be more proactive as she comes into her power. I missed Tali, however, who is busy running the rebellion elsewhere for most of the novel.
Given that I was a little lost just from the break between books, I do not recommend picking up THE CALLER cold. It might still be an exciting story, but one that lacks the build up. I found it a very fitting conclusion to the first two books, and only wish there could be more. I'm curious about how the characters who survive live, after. But that is another story, and this one is complete. I recommend the Shadowfell trilogy to fans of Jane Yolen and Lloyd Alexander.

subset: commoncrawl


text:
The newly opened Kingburg Kitchen has "the best fish dumplings I've ever had—better than Dumpling 10053 or Dumpling House or anywhere," says Chandavkl.
It's pretty much a dumpling place, with seven types of dumplings: sole with leeks; pork with sea cucumber and shrimp; vegetable; cabbage with shrimp and pork; plain pork; pork with kau choy; and beef with onion, a rare find.
Vegetable dumplings are pretty good but a little short on flavor, notes chowchow12345678.
The place also seems quite proud of the beef noodle soup. It's quite tasty, with good chewy noodles, lots of beef and tendon, and a dark, not-so-spicy broth, says suvro.
A few other kinds of noodle soup are on the short menu, a couple of rice dishes, fried noodles with pork and cabbage, and chicken soup. Also side dishes such as cold stewed beef tendon, simmered tripe, stewed eggs, cold tofu salad, and cold cucumber. Most menu items are $3.25 to $6.50.
As for the name, it translates from Mandarin as gold treasure, and its phonetic translation is dumpling, says goodtimer.
Kingburg Kitchen [San Gabriel Valley]
715 W. Las Tunas Drive, San Gabriel
Board Link: Kingburg Kitchen–Chinese Restaurant in San Gabriel-Best Fish Dumplings in Town


text:
I am a huge fan of all things animal print and zebra is at the tippy top of my list. Needless to say when I found this fabulous Oly Studio Sophia lounge chair at Zinc Door is was love at first sight. It was be absolutely perfect in my office. I wouldn't sit in it – rather I would have it parked right next to me so I could look at it all day long.
And so I wouldn't feel guilty with my purchase, I thought this Arteriors Mercedes Mahogany Chair would look great in my husband's office/ man cave. It is such a handsome and hip chair and I love the mid century modern look with the black leather. A cool combo in any room.


text:
In order to improve and maintain your health, there are some basic dictates that you must follow as soon as possible for you. Working out on a daily basis and eating a balanced diet are two of the broader rules that must be followed. If a person does not adhere to these two basics, then it is likely that his health will suffer to a great extent in the times to come. It is also crucial that you understand the concept of a balanced diet.
The right diet for every person will be different. The nutritional needs of a person depend upon the lifestyle that he leads at a certain point of time in his life. Hence, it is important that you plan out your diet keeping in view your nutritional needs and your lifestyle. The type and amount of physical workout that you do will also depend upon these two aspects. Smart and proper planning is almost always the core essence of good health for any person.
The status of your health at a given period is also among the factors that will determine the ideal diet that you should be eating in that period. For some people, it can be a brilliant ploy to opt for a diet that is free from gluten. In case you want to lose weight, then choosing for a gluten-free diet can be a fairly good idea. Eating almonds on a daily basis will allow you to stay away from gluten even in case you want all the nutrients associated with them. Almonds have a fairly high amount of magnesium content.
Almonds are also very rich when it comes to iron content. You must be aware of the fact that these minerals are essential for proper functioning of every human's body. Hence, it is true that eating a few almonds every day will be a very prudent strategy from your long-term health point of view.
It is also a decent ploy to eat a few bananas before you go to work out. If your workout schedule is strenuous, then bananas will make the situation extremely good for you. The nutrients contained in bananas will provide you the much-needed energy in order to complete your workout regime. Bananas will help in relaxation of the blood vessels in your body. This relaxation is essential in case you want a proper balance of electrolytes. At times the lack of balance in terms of electrolytes causes a headache post workout. Eating bananas can ensure that nothing of this nature takes place.
The low calorific content along with a presence of valuable nutrients makes basil an excellent food choice for all people. It has been proven that consumption of basil can allow a person to strengthen his bones. It is also true that skin aging can be reduced by eating basil on a daily basis. Other food items such as beans, apples, beetroot, etc. should also be a part of your diet in case you desire your health to remain top notch even after the passage of many years.


text:
Nigerian government urged to build buffer dam as floods loom
EnviroNews Nigeria, Abuja, Nigeria
- Climate change
- Food
- Agriculture
- Cameroon
- Rivers
- Water
- Natural disasters
- Solid Waste
- Dams
- Policy
- Nigeria
- Flooding
- Wastewater
A call has been made by stakeholders in the environment sector, urging the authorities to build a buffer dam in Adamawa to curtail the excess water being released from the Lagdo Dam in Cameroon.
The call is contained in a communiqué issued on Thursday, August 13, 2005 in Abuja, at the end of a daylong stakeholders' roundtable for the management of the predicted flood in 2015. The roundtable was organised by the Federal Ministry of Environment for stakeholders.
The communiqué which was read by the Permanent Secretary of the ministry, Mrs Nana Mede, called for the completion of the dam, known as the Datsin Hausa Dam, in the next three to four years.
A couple of weeks ago, the Nigeria Hydrological Services Agency (NIHSA) in Abuja warned that 12 states might experience high flooding this year. Director-General of the agency, Dr Moses Beckley, made the disclosure at the presentation of the 2015 Annual Flood Outlook.
Commenting on the highlight of the report, Beckley listed the states as Niger, Delta, Bayelsa, Rivers, Anambra, Taraba, Nasarawa, Kebbi, Sokoto, Adamawa, Kogi and Benue.
Beckley said that probable risks areas in the country had been classified into: High Risk, Medium Risk and Low Risk Flood areas. He listed River Basins of Sokoto-Rima, Niger-Benue and Anambra as those that might experience high flooding.
Beckley also said that local areas in Shinkafi, Biase, Chikum, Munya, Bukuru, Bonny, Etiosa among others might experience moderate flooding. He added that Bayelsa, Rivers, Delta and Lagos are expected to experience coastal flooding due to the rise in sea level and tidal surge.
However, last Thursday's communique also called for the adoption of a policy on waste separation and recycling to reduce flood associated with indiscriminate dumping of waste on drains, canals and waterways.
The communiqué observed that the expected flood from release of water from the Lagdo Dam would affect the Benue river basin, Adamawa and all the Niger Delta states.
It, however, said that flooding in other major cities across the country could result from poor solid waste management, and called for gradual phase out of non-biodegradable plastics in the country.
To mitigate the possibles effects of the predicted 2015 flooding, the communiqué called for the relocation of anticipated and already affected victims as quickly as possible.
"Intervention funds should be made available to states that are affected by flood from the ecological fund to help improve and construct necessary infrastructures, and provide support for already displaced," it said.
The document underlined the need to complete the construction of ongoing Internally Displaced Persons (IDPs) camps, even as it urged affected states to identify areas where they could construct artificial lakes.
The communiqué called on the Ministry of Environment and stakeholders to set up a committee to monitor application of intervention funds and make efforts to update flood vulnerability maps of the country.
It also mandated that flood early warning/forecasts should be communicated to the States and Local Government Areas, and should be matched with early action.
Earlier, Mede noted that the tragic effect of recent flooding in the country could have been prevented or at best mitigated if land use activities and urban development were properly addressed.
She said the roundtable was necessitated by the government's commitment to address expected flooding in order to avert loss of lives and property.
Mr John Adeniyi, director of the Federal Ministry of Environment's Erosion, Flood and Coastal Zones Management Department, said that the problem of annual floods ravaging the nation need to be holistically addressed.
Adeniyi urged all stakeholders to join hands in addressing the problem and use best practices.
No fewer than 100 stakeholders, including Commissioners for Environment from Benue, Kogi, Delta, Lagos, Katsina and Kano, as well as military and para-military personnel attended the roundtable.
Fondly referred to "a shock-absorber dam", the Dasin Hausa Dam -- besides cushioning the effect of the Lagdo Dam flooding -- will generate some 300mw of electricity and irrigate about 150,000 hectares of land (and provide crop tonnage of 790,000 tons in Adamawa, Taraba and Benue states). Similarly, it was meant to provide employment opportunities for 40,000 families and make available navigational route of the Benue River to the Niger Delta.
The project site is the Dasin Village of Fufore Local Government Area of Adamawa State.
Panipat dyes poison Delhi
23 May 2016


text:
Four-year-old Michael Yiga is nursing serious complications after taking medication for malaria. His mother, Grace Namulwana, 32, narrates the ordeal:
During the Christmas season, last year, Yiga was diagnosed with malaria. I took him to a health centre in Mpigi district, where he was given Coartem (a combination of artemether and lumefantrine).
He completed his dose, but later developed a fever. I took him back to the health centre and he was given Fansindar.
Soon after taking the tablet, he started complaining of a sore throat. I thought he was developing flu, so I gave him medication to ease the discomfort, but the symptoms persisted.
The next day, Yiga developed a rash on the abdomen, which I thought was measles. However, it turned into blisters and spread all over the body.
The doctors at the health centre referred him to Mpigi Hospital, but I decided to take him to Mulago Hospital.
At Mulago, the first question each doctor, who saw Yiga asked, was whether he had taken Fansidar.
Yiga's body is scalded with wounds all over. He feeds through a tube and sleeps under a metallic net to prevent clothes from sticking onto his wounds.
We are getting quality healthcare at Mulago, but Yiga's condition is still worrying. Yiga had recovered as most wounds had healed and he had started feeding himself, but recently fresh blisters and wounds emerged on his legs.
He is currently in the Intensive Care Unit (ICU) and he's frequently put on drips, oxgyen and also had a blood transfusion.
Being a single mother and the sole bread winner for her family in Mpigi, Namulwana has financial challenges.
She says although Yiga just feeds on fluids through a tube, she is still unable to give him the required ¬ fluids. I am only able to buy a cup of milk.
There're ointments required to dress the wounds, but I am unable to get them.
Namulwana has not lost hope and is confident that her son will pull through.
For any assistance, Namulwana can be reached on 0789054824
What causes drug reactions?
It is ironic that some medications, popular for their availability, affordability and effectiveness in treating common disease like malaria can cause life-threatening reactions when taken in the right dosage. MORE ON DRUG REACTIONS


text: Sascha Ebach wrote: > Michael Neumann schrieb: > >> itsme213 / hotmail.com wrote: >> >>> Michael, I may be doing something wrong, but none of the MPEGs worked >>> for me (with both WinDVD and MS Windows Media Player). Just thought I'd >>> let you know. >> >> >> >> There are in DIVX4 format. I'll try to convert them into some other >> format. Hope that works. >> >> Now which codec should I use? > > > Definately XVID 1.0x if you can. Hm, sorry, that does not work here. > I could see the movies just fine. But that is probably because I had the > " Gordian Knot Codec Pack 1.9" installed. You can find it on > www.doom9.org for Windows. The problem is: I can't try it on Windows nor MacOSX, only Linux and BSD. But I guess wmv1 should work on every Windows machine (even older ones). > But I don't know how to encode on BSD (which I think you use). > > Thanks for the videos. Wee is an interesting alternative to Rails. More to come after my holiday ;-) Regards, Michael


text:
Intravenous Glutathione
Please note: Everything below about Intravenous glutathione IS correct and still applies. However, due to overwhelming questions on IV glutathione, I have added a new page on the subject found here: Glutathione IV
Also, Suzanne Somers no longer gets glutathione injections but now uses glutathione patches.
What do Magic Johnson and Suzanne Somers have in common?
Intravenous glutathione, that's what!
They both get glutathione injections weekly for $900 an injection! That is $3,600 a month for IV glutathione!
Yes, Suzanne Somers receives IV glutathione once a week! In fact, she wrote about it in her book: Breakthrough: Eight Steps to Wellness
Magic Johnson also gets injectable glutathione.
Why are celebrities willing to dish out a few thousand dollars each and every month to raise their glutathione levels?
Maybe it is the dramatic anti-aging properties of having high levels of the MOST POWERFUL antioxidant on earth!
Or maybe they like the high energy levels and strengthened immune system.
Or, it could be the improved athletic performance & recovery.
Or perhaps it is just plain feeling better, sleeping better, and improved mental functions, such as, focus, concentration, memory, and clarity.
Or maybe they like knowing that by raising their glutathione levels NOW and maintaining them high is protecting from degenerative diseases LATER.
I think it is a combination of all of the above, plus the hundreds if not thousands of other benefits.
However, with intravenous glutathione how much of the glutathione even makes it INTO your cells is questionable.
Getting glutathione intravenously injected does get into your bloodstream (as blood tests show) BUT the "injected" glutathione molecule is not fully absorbing into the cells because of it's size. The IV glutathione molecule is larger than the cell molecule.
Let's just assume some glutathione can squeeze itself into the cell (not likely), whatever glutathione does make into the cells starts going down daily until you get another injection the following week.
Worst of all, superficial glutathione (glutathione not produced by your own cells) may actually inhibit melanin synthesis!
Melanin (or pigment) is a substance that gives the skin its natural color AND protects you from the harmful rays of the sun.
So, if you are getting your glutathione through an IV or another method that gives you superficial glutathione, you are increasing your chances of developing skin cancer and other skin disorders.
On top of the possibility of developing skin cancer, what about the time loss, doctor's visits, gasoline, and needles-yuck! What if you get the injections more than once a week--then the costs go up as well (as does your risk of skin cancer).
(much better, much more effective, and much less expensive and very convenient sources for glutathione are here best glutathione enahncers, which actually encourages one's own glutathione production within the cells as opposed to getting some glutathione from an outside source.)
Bottom line:
1) Effectiveness--Minimal
2) Convenience--Not at all
3) Side Effects--may possibly increase your chances of developing skin cancer and other skin disorders.
4) Cost--Very Expensive
when new pages like this one are added to this site!
Find it Here:
Sign up here to Stay Updated!
Got questions?
Go here for Glutathione questions
Or here for MaxGXL questions
Follow Us On...


text:
This Comparative negligence, premises liability and RI slip and fall post was authored by Rhode Island Slip and Fall lawyer, David Slepkow. Please read this RI legal article very carefully. David Slepkow answers the following questions: If I slip and fall as a result of negligence of another person or entity who can be held responsible? What is pure comparative negligence in RI? In Rhode Island where do the most premises liability falls occur?
What is pure comparative negligence in RI?
"The principle that reduces a plaintiff's recovery proportionally to the plaintiff's degree of fault in causing the damage." lawshelf Comparative negligence is the the law used in negligence cases involving injury when the victim is at least partially at fault for his own injury. Comparative negligence is determined by a jury after a trial on the merits. The jury may determine what percent each party involved in a crash or fall is at fault for the mishap. Rhode island has pure comparative fault. This means that a victim who is more than 50 percent at fault for an accident can still recover damages proportionally to his degree of fault. In Providence, even if an injured person is 94 percent at fault for an accident they are still eligible to obtain damages of 6 percent from the negligent person or entity.
You should contact a RI Slip and Fall lawyer to obtain an initial opinion as to whether or not there was comparative fault involved.
Massachusetts law: Modified comparative negligence
Massachusetts has modified comparative negligence laws. If a victim is more than 50 percent at fault for the accident, the victim can receive no compensation as a result of the accident. Below you will find: Massachusetts personal injury law.
"Contributory negligence shall not bar recovery in any action by any person or legal representative to recover damages for negligence resulting in death or in injury to person or property, if such negligence was not greater than the total amount of negligence attributable to the person or persons against whom recovery is sought, but any damages allowed shall be diminished in proportion to the amount of negligence attributable to the person for whose injury, damage or death recovery is made. In determining by what amount the plaintiff's damages shall be diminished in such a case, the negligence of each plaintiff shall be compared to the total negligence of all persons against whom recovery is sought. The combined total of the plaintiff's negligence taken together with all of the negligence of all defendants shall equal one hundred per cent." MA law
Is there an average settlement for slip and fall knee injury?
In Rhode Island where do the most premises liability falls occur?
Slip and falls in Rhode Island most frequently occur in fast food establishments, supermarkets, grocery stores, cafes, bars and hotels. A real estate owner of property as well as occupier or real property could be determined to be a negligent tortfeasor. A liable party could be an LLC, business or a government entity. A high percentage of falls occur at places where food and drinks are served such as restaurants, supermarkets and fast food joints. Slip and fall cases may also result from not shoveling ice or snow from a sidewalk, entrance-way or driveway.
If I slip and fall as a result of negligence of another person or entity, who can be held responsible?
The Supreme Court of Rhode Island sitting in the Capital City of Providence declared that "[A] landowner has a duty to exercise reasonable care for the safety of persons reasonably expected to be on the premises, and that duty includes an obligation to protect against the risks of a dangerous condition existing on the premises, provided the landowner knows of, or by the exercise of reasonable care would have discovered, the dangerous condition. The burden of proving that sufficient evidence existed to show that the defendants knew or should have known of an unsafe condition on their premises is on the plaintiff." Lieberman v. Bliss-Doris Realty Associates Supreme Court of Rhode Island.Terry S. LIEBERMAN v. BLISS-DORIS REALTY ASSOCIATES, L.P., et al. Decided: April 14, 2003 Present: WILLIAMS, C.J., FLANDERS, GOLDBERG, JJ., and SHEA, J. (Ret.). Glenn R. Friedemann, Providence, for Plaintiff. David H. Stillman, Braintree, MA, and Elizabeth Page Fecteau, East Providence, for Defendant.
Are children and senior citizens prevented from filing slip and fall claims in Rhode Island?
Children and the elderly can file slip and fall lawsuits in Rhode Island
- Victims who re-injure existing conditions still may be compensated for their injuries.(preexisting conditions)
- Property owners owe a duty of due care to all persons who lawfully enter such real property (exceptions for trespasser)
- Everyone with the exception of trespassers should expect that the premises is maintained reasonably in a relatively safe manner.
- So long as the injuries are caused by the negligence of a person or entity, the injured person has the right to seek damages.
- Keep in mind, that if the injured person was acting carelessly or not paying proper attention and that contributed or partially caused the accident than there may be comparative fault involved.
- Also, there is an interesting legal doctrine relating to children who trespass as a result of an attractive nuisance.
- In Rhode Island, a tortfeasor takes a victim as he finds him. You take the injured party as you find them.
- As far as liability in the Ocean State is concerned, RI law does not differentiate solely based on age or pre-existing medical conditions.
There is no average settlement for any type of slip and fall. The amount of a settlement depends on the following factors:
- Amount of lost wages
- Amount of medical bills
- length of medical treatment
- permanency of injury- Periods of partial disability and total disability
- Future medical bills
- loss of consortium issues
- Severity of pain and suffering
- Severity of injury
- was there a fracture/ broken bone
- Periods of hospitalization / surgeries
- other factors
Many people are asking the following questions:
- How long does it take to get a workers comp slip and fall settlements?
- The amount of time to settle a case varies from case to case.
- How do I file a slip and fall case against Walmart?
- What are the slip and fall injury types?
- How do I pay my slip and fall attorneys
- Is there a slip and fall settlement calculator?
"The term "premises liability" refers generally to the legal responsibility of the owner and/or occupant of real property for injuries that someone may sustain while on the property due to a dangerous or defective condition that exists there." Slips, Trips, and Falls A primer for businesses on the law of premises liability
"Develop a written STF prevention policy that specifies both employer and worker responsibilities. (See NIOSH 2010 for an example of developing an STF prevention plan.) Ensure that aisles and passageways are free of clutter and other tripping hazards. Provide proper lighting in all areas indoors and outdoors to reduce shadows, dark areas, and glare so that trip hazards or surface irregularities are clearly visible. Replace burnt out light bulbs promptly. If electrical cords are used on a regular basis, install outlets so that cords do not cross walkways. In grocery stores, ensure that water from produce spray misters is directed onto produce, and is not spraying onto the floor. In grocery stores, provide customers with plastic bags and paper towels for wet produce." CDC
For more information and articles go here.


text:
CEBU, Philippines — Cebu City recorded 353 coronavirus disease 2019 or COVID-19 infections yesterday, the highest reported in the city in a single day.
The Cebu City health department (CCHD) said the barangays where most of the cases were recorded are in Guadalupe, with 44; Sambag 2, 27; Labangon, 19; Lahug, 18, and Capitol, 16.
Barangays Tejero and Mabolo recorded 14 cases each and Sambag 1, 13.
Barangay Basak San Nicolas, where a religious procession was held on Saturday night, recorded seven new cases.
The additional cases bring the total number of confirmed cases in Cebu City to 5,494. At least 2,602 are active cases.
The CCHD said 10 patients have recovered, bringing the number of recoveries to 2,723.
No deaths were recorded yesterday.
Sixty-seven employees of the Cebu city hall were also found infected with the virus, according to city government spokesman and legal officer Rey Gealon.
Gealon said 12 of those infected are from the city health department, 19 ambulance service and 36 barangay health workers.
He gave assurance that alternative work arrangements, such as work from home and skeletal force, disinfection of offices and provision of disinfectants, are being implemented at the city hall to prevent the spread of the disease.
Hatid Probinsya
Meanwhile, Eastern Visayas is bracing for the resumption of the Hatid Probinsya program next week.
Tacloban City Mayor Alfred Romualdez said they would rent hotels to be used as isolation centers for those who have to undergo quarantine for 14 days.
Local government officials said they are not against the program, but stressed the need for coordination from the national government in the enforcement of health protocols, such as swab tests from the point of origin of the returnees.
The number of COVID-19 cases in Eastern Visayas rose from 30 in March to more than 400 in June. Most of the new cases are returning residents and overseas Filipino workers.
Presidential spokesman Harry Roque said the program would push through despite initial setbacks.
Roque said 6,000 more locally stranded individuals would be brought home under the Hatid Probinsya program. Christina Mendez, Alicia Ivy Chua, Mary Ruth Malinao/The Freeman
- Latest
- Trending


text:
B.C. Provincial Court Judicial Justice Carol Roberts is going to the 2016 Olympics in Rio de Janeiro!
JJ Roberts has been appointed to the Court of Arbitration for Sport (CAS) Ad Hoc Division for the 2016 Olympic Games. Named one of 14 arbitrators to resolve legal disputes arising during the games, JJ Roberts is exceptionally qualified for this responsibility.
In a December media release, the CAS explained the tribunal's function and background. It has resolved disputes at every Olympics since 1996, and at other major sporting events like the Commonwealth Games, European Football Championships, the AFC Asian Cup, FIFA World Cup, and the Asian Games. It is responsible for providing Games participants with free and timely access to justice.
Arbitrators from 15 countries (some have dual citizenship and Canada is the only country to be represented twice) have been selected by the International Council of Arbitration for Sport, an independent body. The Council considered both regional representation and gender equality in order to ensure that the panel reflects the makeup of participating athletes. (46% of athletes competing in Rio will be female.)
The arbitrators selected are all either lawyers, judges or professors specialized in sports law and arbitration, who are independent of the parties appearing before them. They apply procedures, set out in Olympic Games Arbitration Rules, that comply with fundamental principles of procedural fairness and due process. The arbitrators must be effective and efficient decision makers because they have limited time to perform their duties. They must render decisions within the timeframe of the competition schedule.
JJ Roberts combines a zest for international experience with an outstanding sports background and work as a mediator and judicial officer. She has studied in Strasbourg and Paris, France and Helsinki, Finland. She climbs mountains around the world, and takes kayaking trips abroad as well as at home.
Growing up in Canada's Northwest Territories, she learned to skate on Great Slave Lake and strapped skis, snowshoes and track shoes on her feet as well. She progressed from competitive figure skating to judging that sport as a volunteer for three decades until she joined the Sport Dispute Resolution Centre of Canada (SDRCC) as an arbitrator.
She currently acts as an arbitrator and mediator with both the SDRCC and the International Court of Arbitration for Sport. She has competed in 10k races, winter triathlons, marathons, and four Arctic Winter Games in different sports. For relaxation she does yoga, Nordic skiing, inline skating, runs, snowshoes and cycles (completing a 100k charity ride last year). And this is all in addition to her day jobs – serving part time as a B.C. Provincial Court Judicial Justice dealing with bail hearings and applications for search warrants at the Court's Justice Centre and maintaining a mediation and arbitration practice.
For more information (and interesting decisions on issues in sports including canoeing, cricket, equestrian events, soccer, sailing, squash, skiing, tennis, and numerous other sports) see the CAS website.


text:
As the author J. K. Rowling took the witness stand on Monday to testify in the copyright lawsuit over a Harry Potter encyclopedia, the line between her magical world and the muggle courtroom became somewhat blurred.
The lead plaintiff lawyer apologized for saying the name of the villain Lord Voldemort out loud. Albus Dumbledore was quoted in opening arguments for his admonition of when you must "choose between what is right and what is easy."
Ms. Rowling, when asked to define what wizard cards were, explained in a matter-of-fact matter that they were cards of famous wizards that came with the purchase of a chocolate frogs. (Her lawyer had to explain to the
judge that outside the books the cards only existed in a video game). And while the lawsuit was filed on Oct. 31, the lawyers noted, "The fact it was filed on Halloween, your honor, was just a coincidence."
The material entered into evidence related to flying carpets, rune stones, ogres, a werewolf who was a metaphor for H.I.V.-positive individuals, the pet phoenix named in honor of Guy Fawkes, a real-life Renaissance-era alchemist named Paracelsus, who was cited as a wizard in Ms. Rowling's series.
The crux of the debate was whether or not "The Harry Potter Lexicon," based on a similarly named fan site created by Steven Vander Ark, was "wholesale theft of 17 years of my hard work," as Ms. Rowling argued, or a structured reference work with additional insights, commentary and analysis, as the lawyer for RDR Books, the Michigan-based publisher of the Lexicon, argued. (Mr. Vander Ark is not a party to the case. Update: He testified on Tuesday.)
At issue was clearly the power and reach of Ms. Rowling's creativity and the literal words used to express them. Too much of the Lexicon are quotes lifted directly from her novels and two other works, she said.
When asked to discuss the similarity of the Lexicon's definition of Chinese fireballs on the stand with her own writing, she said that it was not like a giraffe, where if she and Mr. Vander Ark were describing the animal, they might inevitably use the same words. "It's not as if we are describing something that exists outside my imagination," she said.
It was clearly an emotional issue for Ms. Rowling, who had flown in from Scotland to testify. She was given a box of blue tissues after she said, "I really don't want to cry because I'm British."
The Harry Potter series represented 17 years of her life "other than my children" and the book was a product of times "when I was choosing literally between food and a typewriter ribbon." On her wrist, she wore a charm bracelet given to her by her publisher with trinkets based on the things from the books.
Ms. Rowling stated she was not opposed to derivative works, as there have been around one hundred Harry Potter-related books that have been published in the United States alone. (Not to mention YouTube puppet shows.)
Rather, she said she was opposed to how the "Lexicon" copied many phrases word-for-word from her book without adding meaningful additional context, adding that some of the work was sloppy or wrong.
"Alohomora," a spell that opens doors in Harry Potter's word, does not come from "aloha," the Hawaiian salutation, she said on the stand. Rather it derives from a West African term meaning favorable to thieves, she said.
Ms. Rowling herself has long ago announced plans to compile her own encyclopedia of the Harry Potter world, whose proceeds would go towards charity. However, the lawsuit was not about the money, but about "a massive principle" about precedents for authors, she said.
"We all know I've made enough money," she said. "I'm not here because I thought I might sell three fewer novels."
She said she was dispirited by the idea of her own encyclopedia, which would take perhaps two or three years to complete now, because of the Lexicon lawsuit. She associated the project with stress, legal documents and long conversations.
"I'm not sure I have the will and heart to continue with the encyclopedia" should the Lexicon come to market, Ms. Rowling said, adding that she did not want it "limping onto the marketplace."
The courtroom at the federal court house at 500 Pearl Street was considerably more packed than other copyright cases (like Viacom v. YouTube/Google). There were reporters, law students, copyright groupies, legal scholars and even a young fan or two (shouldn't they be in school?).
Occasionally, the muggle world would come in focus. When the lawyer apologized for struggling with the pronunciation of "occamy" (a creature resembling a winged snake that was a play off of Occam's Razor), Ms. Rowling said: "You can pronounce it any way you want. It is not a real thing."


text:
In almost simultaneous press releases both Sony and Canon announced today that they would be introducing large sensor, medium format cameras in the next quarter. The announcement caught the photographic press by surprise since neither company is known for making cameras larger than those based on the 35mm film size. Both companies held press events in Tokyo early this morning.
Canon spokesman, Fol Ja Nau, elaborated on the company's plans saying, "We were not content to play in the secondary photographic market behind Phase One and Hasselblad. With declining sales in the compact camera (point and shoot) markets we wanted to find a niche with fast and sustainable growth and very good profit margins." The company plans to roll out a fully integrated camera, based on their wildly popular EOS-M camera. The sensor will be a 2.25 cm by 2.25 cm CMOS variety with 60 megapixels of resolution. "We have chosen to put the bulk of design money and development resources into the sensor so the camera itself will be very cheaply made and, well, rather difficult to actually use."
Fol Ja Nau went on to say that the camera would have a "green" "recycled" aluminum alloy frame covered with a new polymer skin that, "would be nearly as durable as conventional plastic." While the camera will feature a 3 inch twisted syster LCD screen on the back research by Canon shows that the main market for the new camera will probably be satisfied to just hold the camera at arm's length to focus and compose on rear screen so no eye level viewing options are planned at this time.
An interesting aspect of the overall design is the vast number of engineering compromises made on the sensor chip itself. In order to maximize low noise at previously impossible to achieve ISO settings Canon engineers have reduced the overall dynamic range of the camera's sensor to four "f" stops. "This allows us to offer a product that seems in line with the expectations of a whole new generation of advanced image makers." Nau adds, "At ISO 650,000 the dynamic range drops to two and a half or three stops but detail holds up very well."
The new line of medium format cameras requires new lenses which can not be used on existing, smaller sensor cameras. To date, the company has been circumspect in sharing the new lens development roadmap but are said to have a fully plastic kit lens, with polycarbonate mount, that will cover the wildly popular 18 to 55mm range equivalent (when compared to APS-C cameras). The engineers at Canon are excited to announce that they have achieved a weight neutral lens by eschewing any material made of real glass or metal in the lens. They have also patented a process for filling each lens with helium gas which, when combined with the already negligible weight of the product actually renders it gravitationally neutral. The camera will have an f-stop range of 5.6 at wide angle dropping to f11 at the telephoto focal lengths.
Already several photographers have expressed an interest in looking at whatever Canon finally produces, while the product has already been reviewed (in depth) by both Ken Rockwell and Steve Huff. A well known, Atlanta based photographer and workshop leader, has already pronounced it to be the "ultimate camera" and the only one he will ever need for the rest of his life...
Meanwhile, Sony has taken an alternate route in producing their medium format offering (available mid-summer 2013). Working with various scientific adhesives they have bound together nine of the Nex-7 sensors and have devised a way to stitch high resolution images from the grid of sensors, capable of firing at 15 fps, to generate a 200 megapixel file. Says Buckeroo Rinzai, chief development engineer for mondo-big Sony products, "We had many of these sensors sitting around the office since consumers seem to dismiss both high resolution and high color purity, much preferring high ISO performance at any costs.
"We decided to kill two cranes with one origami project and used our advanced joining materials to create a "sensor collage" capable of amazing imaging potential. Using a bonding material known as Haute Glu bolstered with an anchoring material known in the trade as Du Uct Taape we are able to hold the prototype in any orientation without fear that one or more of the individual sensor apparati will dislodge and effect the overall quality of the image."
Rinzai acknowledges that Sony would not have been able to complete this project without outside expertise in the form of their partnership with Hasselblad. While Canon seems to have chosen a very, very utilitarian approach to both design, materials quality and usability in order to optimize high ISO chip performance, SonyBlad has taken a different approach to the design of their camera.
In a rare meeting at the middle of the geographic design world they will depend on the aesthetic nuances of the Akron Industrial Design Skool for the haptics and appearance of their new medium format product. The emphasis will be on big rubber handles embedded in rare woods and accents done with the skin of Albatrosses. For an additional premium in cost customers can also have the bodies made from a blend of glowing comet materials and minced Hermes scarves.
Asked about lenses for the upcoming camera officials at Sony played their cards very close to the chest. Sources who have been briefed say that Sony will pursue a similar course to that which they instituted for the introduction of the Nex mirrorless camera line and introduce the camera without any lenses at all. "It will give customers time to get comfortable with the ergonomics of the camera body without introducing the confusion that can come from adding lenses too soon!!!" Stated outgoing Sony president of the week, Bradford Munchton.
Hasselblad will make an adapter, cleverly manufactured with Platinum and ground unicorn horn, which will allow the use of all their current lenses on the new HassyOny camera, upon introduction.
Asked for comments officials at Olympus were tip lipped, saying only, "We will continue to make cameras that work really, really well and which customers enjoy using. We are also committed to increasing the ample suppy of different kinds of lenses available for our cameras."
Board members at Nikon declined to be interviewed for this article but a spokesperson for their imaging divisions in EMEA did conjecture that the team is too busy to look at the medium format market right now, saying, "We've got our damn hands busy trying to make the stuff we already sell work acceptably. I think Sony sold us sensors that are thicker on one side than the other. Our customers get to chose the side on which they would like sharp focus. We are always committed to customer choice...." Pressed for further comments the spokesperson would only add, "Now, if we can just get the shutters to stop throwing sticky rust and decomposing mirror material on those damn Sony sensors we'll be good...really good."
The guys at Pentax were taking a long weekend and not available for comment.
Phase One officials were forthcoming and candid. "We've got a big head start on all these medium format newbies. Plus, we're sitting on an enormous pile of cash. Think Apple-Style cash! We've watched this kind of attempted market cross over before. We'll crush them and increase market share into the process. Our marketing analysis shows that the majority of photographers will be shooting medium format in the near future and that we will dominate that market. We are already taking proactive steps to blunt the momentum of our rivals. We've dropped the price of our new 35mm sensor-sized camera from $67,000 to $59,000 and we're sure its new streamlined size will sell like....hot cakes."
Happy April 1st.


text:
Questions? Please contact firstname.lastname@example.com
If you would like to learn how Lexology can drive your content marketing strategy forward, please email firstname.lastname@example.com.
"Lexology/Newsstand articles are very good quality. I like the short summary style and how it is broken down by practice area. Lexology/Newsstand is a good indicator of whether a law firm has an attorney who is knowledgeable about a subject area."


text:
TORONTO, April 23 (Reuters) - Canada's main stock index was lower shortly after the open on Thursday, as declines among bank stocks offset moderate gains among energy and resource issues.
The Toronto Stock Exchange's S&P/TSX composite index fell 9.97 points, or 0.07 percent, to 15,294.8. Six of the index's 10 key sectors were trading lower. (Reporting by Solarina Ho; Editing by Chizu Nomiyama)
Our Standards: The Thomson Reuters Trust Principles.


text:
The global non-volatile memory market is expected to reach USD 82.03 Billion by 2022, at a CAGR of 9.50% between 2017 and 2022. The key opportunities for this market are the growing adoption of high-end computing, servers, and data centers as well as the increasing replacement of traditional memory with emerging non-volatile memories. Some of the key factors driving this market are the need for high-speed, low-power-consuming, and highly scalable memory devices as well as the growing demand for non-volatile memory in connected and wearable devices
The key players in the non-volatile memory market include Samsung Electronics Co., Ltd. (South Korea), Toshiba Corp. (Japan), Micron Technology, Inc. (U.S.), SK Hynix, Inc. (South Korea), and Western Digital Corp. (U.S.). Most of the leading companies have followed the organic strategy of new product developments & launches and inorganic strategies such as partnerships, collaborations, and acquisitions to boost the revenue of the company. This market is evolving worldwide, and many partnerships and collaborations are happening globally. These leading strategies in this market help companies to remain and grow in the technically competitive market.
Top 2 players in the non-volatile memory market:
Samsung Electronics Co., Ltd. (South Korea) is the leader in the non-volatile memory market because of its wide parent market share contribution and technical expertise. The company has good worldwide brand recognition, and it is one of the leading providers of semiconductor components. The company has adopted inorganic growth strategies to develop new technologies as well as to target new opportunities in different markets. For instance, in November 2016, the company acquired Harman International Industries, Inc. (U.S.), a designer and integrator of sophisticated in-vehicle technologies to boost the memory business in the automotive and IoT industry. The company has a multidimensional business approach with both backward and forward integration. The company provides foundry; testing; packaging; memory integration such as DRAM, Flash, and low power memory; and end-user application products in a one-stop approach.
Toshiba Corp. (Japan) has been ranked second in the market and is one of the worlds leading companies in the NAND Flash memory market. The company follows organic growth strategies and has a significantly increasing R&D investment for its next-generation memories and 3D memories business. In March 2014, it launched 3D Flash memory and TransferJet-compatible 3D-integrated ultra-small module. In November 2016, the company also expanded its operations in Mie, Japan, for the production of BiCS FLASH, its proprietary 3D Flash memory. The company plans to increase its BiCS manufacturing capacity and devote more resources to SSD development. In the future, the company is expected to open SSD Design Center in North America for the same.
Related Reports:
Non-Volatile Memory Market by Type (Flash (NAND, NOR), EEPROM, NVSRAM, Embedded, EPROM, 3D NAND, MRAM/STTMRAM, FRAM, RERAM/CBRAM, 3D XPOINT, NRAM), End-User Industry, and Geography - Global Forecast to 2022
MarketsandMarkets Research Pvt. Ltd.
Tower B5, office 101,
Magarpatta SEZ,
Hadapsar, Pune-411013.
Email: [email protected]


text:
Spring Cake
This elegant looking chocolate sponge cake is filled with rich ganache chocolate cream and tasty raspberries. The spring cake is perfect for a simple afternoon dessert, a birthday, a special occasion, or just because it's a tasty desire.
|Order at least before
|Same day delivery terms apply
|Special Conditions
|We only deliver to the following municipalities: Nicosia, Strovolos, Agios Dometios, Engomi, Aglantzia, Latsia, Limassol, Polemidia, Mesa Geitonia, Agios Athanasios, Germasogeia, Larnaca, Pafos
|Special Delivery Conditions
|This product will be shipped alone in refrigerated car
|About 10 servings
|Flour, Sugar, Egg, Glucose, Cacao, Cacao butter, Dark chocolate, Raspberries


text:
Augusta Health has exclusively retained AMN Healthcare to lead a national search to recruit the Chief Medical Officer in Fishersville, VA.
Augusta Health is a mission-driven, independent, community health system located on a 230-acre campus in Virginia's scenic Shenandoah Valley. Augusta Health offers a full continuum of inpatient, outpatient and community-based services including four Urgent Care centers, a Fitness Center, durable medical equipment company, Hospice, and ambulance service.
Reporting to the President and CEO, the Chief Medical Officer (CMO) will provide the overall direction and management of quality and risk management, clinical performance improvement, patient safety, external quality performance rankings, accreditation preparedness, medical staff services, medical education, case management and pharmacy services. He/She will provide leadership and vision for key strategies within the enterprise strategic plan, especially focused on quality and patient safety. The CMO must be seeking an opportunity to work in a collaborative and innovative environment with a progressive health organization.
The chosen physician leader will possess the following:
Fishersville, VA is in the Shenandoah Valley, where the landscape is shaped by the beautiful and historic Blue Ridge Mountains. The region is known for its friendly people and communities. The superior quality of life includes attractive and affordable real estate, an excellent education system, seven colleges, superb dining and shopping, exceptional golf, world class ski resorts, as well as cultural and recreational amenities. The Greater Augusta community is a wonderful place to live and work.
This is an outstanding opportunity to join one of the country's best community hospitals (as recognized by Healthgrades) and work with an energetic, caring CEO and supportive Board to take clinical performance, competitive positioning, and operational excellence to the next level.
Nomination, referrals and resumes may be sent to:
Stephanie Odorisio Arriviello
Executive & Physician Leadership Search
AMN Leadership Solutions
Email: firstname.lastname@example.com


text:
LED Light Guides feature IP68 sealed design.
Press Release Summary:
Available in various diameters, lengths, and colors, LED Light Guides are offered in protruding styles or versions that are mounted flush with front panel. Chamfered light coupling area allows other LEDs to emit light perpendicular to circuit board. IP68 sealing is accomplished through special shaping of light guide body accompanied with precision boring by customer. Light guide lengths are available up to 100 mm on request.
Original Press Release:
Elma Announces LED Light Guides With Sealing to IP68
FREMONT, California, August 03, 2007 - Elma Electronic, a leading designer and manufacturer of rotary components and electronic packaging products, offers new front panel light guides in various diameters, lengths and colors (on request) that offer sealing to IP68.
The IP68 LEDs feature sealing that is accomplished through special shaping of the light guide body accompanied with precision boring by the customer. All standard Elma front surface shapes and LED launch shapes are available. In addition, light guide lengths are now available up to 100mm on request.
The lightguides are available in protruding styles or versions that are mounted flush with the front panel. They also have a chamfered light coupling area, which allows other LEDs to emit light perpendicular to the circuit board. Elma's IP 68 lightpipes are individual components that are precision press-fitted into the front panel. With Elma's modular tooling techniques and 40 years of experience in electronics, the company can customize configurations more efficiently.
The lead-time is 4 weeks ARO.
For more information on Elma's switches, knobs, and custom design services, please contact Mark Thorsell at 510-656-5829 x228.
About Elma Electronic
Elma Electronic Inc. is a leading manufacturer and supplier of enclosures, backplanes, cabinets, cases, and "ready-to-run" packaging for CPCI, Rugged COTS, VME/64x, VXI, PC and custom bus structures.
Elma's component product line offers a wide selection of top quality switches knobs and LED arrays. The company has been a worldwide supplier of dependable, high performance products for over 35 years. Elma operates three facilities in the continental United States plus has locations in Switzerland, Germany, France, the United Kingdom and Israel.
Elma Electronic Inc. is located at 44350 Grimmer Blvd., Fremont, CA 94538 USA. Telephone (510) 656-3400 - Fax (510) 656-3783. www.elma.com
Company Contact: Justin Moll, Elma Electronic
510.656.3400 510.656.3783 fax e-mail: firstname.lastname@example.com


text:
James Kerr: The Renaissance Man of the GIF World
Imagine plopping Adam and Eve in the year 2014, with electricity the Internet and social media.
Except Adam and Eve are still the only two people on Earth, so when Adam scrolls through his Instagram feed, obviously he's going to hit on Eve like no one's watching (because no one is).
That's the basis of Tumblr artist James Kerr's clever and irreverent GIF collection, which awkwardly places Northern-Renaissance art subjects into contemporary situations.
Kerr — known best by his Tumblr name Scorpion Dagger — told Mashable that he picked that name because he knew how much all of his friends hated it. So when he started the blog, it made perfect sense to keep the joke going — just to get under their skin.
The same kind of jocular nature seems to be a running theme with his work. The GIFs are not only hilarious, but also extremely provocative.
Take one of Kerr's most reblogged GIFs, for example. It's a bunch of turnt up nuns pulling some serious Fast & Furious stunts in a carriage down a hillside.
Like the rest of Kerr's body of GIF work, it sends an initial confusing shock to your system, which is usually quickly exchanged for hilarity.
"Most of my ideas just pop into my head kind of randomly. Like the other day, I was riding my bike, and started wondering what someone would pray for if they found themselves naked in church, and thought it would be fun to make a GIF about it," said Kerr. "Normally when I think something might make a fun GIF, I write it down on a scrap piece of paper and tuck it away somewhere."
Kerr says he is drawn to Northern Renaissance paintings because they often seem insanely sarcastic, "as if some the painters were being intentionally cynical of the culture around them."
With Kerr's GIFs there's no mistaking this cynical tone: royal and biblical characters alike seem to look clumsy and small against the landscape they've been situated in.
"I often found myself staring at these pieces, and wondering what they would be doing after the museum closed, and [if] they went home to [a] world much like ours. That's part of what I want to explore with Scorpion Dagger — Taking these grand works of art, and giving them a new life outside of their original boundaries."
Their new life seems a lot more accessible from our vantage points as contemporary beings, that's for sure.
You can keep up to date on James Kerr's next-level gifs on Tumblr.
Scorpion Dagger GIFs
BONUS: You've Probably Been Saying GIF Wrong


text:
Random Photos Part Three
A play date between Gwen Stefani's kids and Angelina Jolie's kids produce real smiles from both parents and some serious bruising on Shiloh's face which will probably become some abuse cover story on a tabloid.
Abbie Cornish in Florence.
Swizzle Stick takes some time off from cheating on his wife Alicia Keys to actually hang out with her.
"So, dad, since you are at my soccer game does this mean I am winning?"
David Beckham on his way to meet the President.
Anna Kendrick at the 50/50 premiere.
Since he is the star of it, I guess it makes sense that Joseph Gordon Levitt was there.
Not sure why Sean Lennon was there but he did bring his flapper with him.
"I'm Hugh Jackman. I'm a celebrity. Why should I be pushing this cart? Someone else should do it while I bask in the waves of the ocean."
"Excuse me Hugh Jackman. You are a celebrity. I should be pushing the cart for you so you can bask in the waves of the ocean."
He is basking.


text:
Accommodation in Johannesburg
The Peech
A leafy suburban location makes this a quiet, relaxing spot for a stay. With just ten rooms, it's a comfortably intimate affair, with high-end linens and rain showers in the rooms. There's a beautiful lawn which eight of the rooms have direct access to.
A thriving and dynamic city, Jo'burg has skyscrapers, shopping malls, upwardly mobile locals and leafy suburbs. It marks its past at Constitution Hill and the Apartheid Museum. Take a picnic and enjoy the views at Zoo Lake, under a shady oak tree.
Start planning your tailor-made trip to South Africa by contacting one of our specialists
Contact Us Or click to submit your trip plans: Plan My Trip


text:
|For the week of April 1, 2013 – Vol. 11, Issue 13
>> Texas Mortgage Market Update
QUOTE OF THE WEEK… "You can fool all the people some of the time, and some of the people all the time, but you cannot fool all the people all the time."–Abraham Lincoln
INFO THAT HITS US WHERE WE LIVE… Today being April 1, it's timely to note that fewer and fewer people are being fooled into thinking housing remains in the doldrums. Yes, the housing recovery has a distance to go, but there's mounting evidence it's well on its way. New Home Sales were up 12.3% in February compared to a year ago. After a super big hike in January, new home sales fell slightly in February, but they're still at a 411,000 annual rate. Plus, the median price of new homes sold was up 2.9% versus a year ago, with the average price up an impressive 14.5%!
Speaking of prices, check out the closely watched Case-Shiller index of home prices in the 20 largest metros. Up 1% in January, prices are now up 8.1% over a year ago. That's the largest annual gain in over 6 years! The chief economist at an online real estate site observed, "We're seeing prices increase both in markets that had a really big decline during the bust, as well as markets that have really strong fundamentals." Finally, Pending Home Sales in February were at their second-highest level in nearly three years, up 8.4% over a year ago, although slipping a tad for the month.
BUSINESS TIP OF THE WEEK… Beware of "analysis paralysis," where you constantly pursue and analyze information and never make a decision. Don't proceed blindly, but remember that no one ever has all the answers. Once you know the critical details, take action!
>> Review of Last Week
S&P 500 HITS HIGHEST ALL-TIME CLOSE… The S&P 500 ended a holiday-shortened week at its highest close ever, 1569.19, beating the record set on October 9, 2007. That means this major stock benchmark has now recouped all its losses since the 2008 financial crisis. The Dow Jones Industrial Average already beat its 2007 all-time high on March 5 and then set new records ten more times after that. But the new all-time high for the S&P 500 is considered more significant. As one analyst put it, "Having the Dow reaching new highs was good, but the S&P 500 is broader, it's bigger…it's an important message for investors."
Investor behavior is seen as a leading economic indicator and last week offered more evidence their optimism is leading us in the right direction. We had year-over-year increases in New Home Sales and Case-Shiller home prices, up the most since 2006. GDP for Q4 was revised up to a 0.4% annual pace, not where it needs to be, but way better than the initial 0.1% reading. Even Durable Goods Orders gained more than expected. Eurozone worries dissipated with a bailout for Cyprus expected. Over here, Consumer Spending in February was up the most since last September, while personal income and consumer sentiment beat estimates.
The week ended with the Dow up 0.5%, to 14579; the S&P 500 up 0.8%, to 1569; and the Nasdaq up 0.7%, to 3268.
There are still enough concerns about our economy and Eurozone finances to keep investors interested in the safe haven of bonds. The FNMA 3.5% bond we watch ended the week up .07, at $105.19. In Freddie Mac's Primary Mortgage Market Survey, average fixed mortgage rates edged up slightly for the week, but are still near historical lows. The Mortgage Bankers Association reported demand for purchase loans up 7% for the week and up 10% versus a year ago.
DID YOU KNOW?… A tax credit is a direct dollar-for-dollar reduction of your tax liability. It's way better than a tax deduction, which only reduces your tax liability in proportion to your tax bracket.
>> This Week's Forecast
FEWER NEW JOBS BUT THE UNEMPLOYMENT RATE HOLDS… The big news of the week will be Friday's March Employment Report. Although fewer new Nonfarm Payrolls are forecast, the Unemployment Rate is expected to hold at 7.7%. There will be some statistical explanation for this, of course. The truth is, the economy plods along, but at least it's plodding upward.
The week begins with the ISM Index of manufacturing, predicted off a smidge for March, but still over 50, registering expansion. ISM Services should give us a similar reading and since the services sector provides well over 80% of our jobs, that small drop in the index dovetails perfectly with the slight slide in new payrolls.
>> The Week's Economic Indicator Calendar
Weaker than expected economic data tends to send bond prices up and interest rates down, while positive data points to lower bond prices and rising loan rates.
Economic Calendar for the Week of Apr 1 – Apr 5
>> Federal Reserve Watch
Forecasting Federal Reserve policy changes in coming months… Fed Chairman Ben Bernanke hasn't been happy with the pace of the jobs recovery to this point. Nothing in the March Employment Report should inspire him to raise the Funds Rate any time soon. Note: In the lower chart, a 1% probability of change is a 99% certainty the rate will stay the same.
Current Fed Funds Rate: 0%–0.25%
Probability of change from current policy:
LEAMAN TEAMCall (800) 301-3405 or email email@example.com.
NMLS: Leaman 151263
Recent Posts
- September 2018
- April 2017
- November 2013
- August 2013
- July 2013
- June 2013
- May 2013
- April 2013
- March 2013
- February 2013
- January 2013
- December 2012
- November 2012
- October 2012
- September 2012
- August 2012
- July 2012
- June 2012
- May 2012
- April 2012
- March 2012
- February 2012
- January 2012
- December 2011
- November 2011
- October 2011
- September 2011
- August 2011
- July 2011
- June 2011
- May 2011
- April 2011
- March 2011
- February 2011
- January 2011
- December 2010
- November 2010
- October 2010
- September 2010
- August 2010
- July 2010
- June 2010
- May 2010
- April 2010
- March 2010
- February 2010
- January 2010
- December 2009
- November 2009
- October 2009
- September 2009
- August 2009
- July 2009
- June 2009
- May 2009
- April 2009
- March 2009
- February 2009
- January 2009
- Austin Loan Processor Jobs
- Austin Mortgage 101
- Austin Mortgage Market
- Austin Mortgage News
- Austin Properties for Sale
- Austin Real Estate
- Austin Resources and News
- Business Tools
- Dallas Mortgage Resources
- Federal Reserve Release
- Home & Wealth Newsletter
- Homeowner Tips & Articles
- Inside Lending Bulletin
- Inside Lending Newsletter
- MaxLeaman.com New Resources
- MBS Quoteline Newsletter
- PlainsCapital Bank & PrimeLending News
- San Antonio Mortgage
- Uncategorized
Most Popular Posts
- Dallas Zip Code Map – Fort Worth Zipcode Map – DFW Zip Code Maps
- Daily oscillators are still posting positive readings and holding above midrange levels – all good things for those that want lower mortgages/better pricing
- Using one standard deviation and a dart board, our bias is for 100k in job losses and a 9.9% unemployment rate
- New! Houston Zip Code Map – Houston, Texas
- Austin Continues to Lead Country Out of the Recession
- Dallas & Forth Worth (DWF) Zip Code Maps on MaxLeaman.com
- Austin Mortgage Market Update – For the week of November 15, 2010
- 2010 Central Texas Homestead Exemption Forms
- City of Austin Requires Energy Audit Before Property Sale
- Texas Mortgage Rates Moved Higher This Week
Tag Cloud10-year note 10-year notes austin job market austin mortgage austin mortgage blog austin mortgage lender Austin Mortgage Market austin mortgage markets austin mortgage pricing austin mortgage rates blog texas mortgage bonds dallas mortgage dallas mortgage lender dallas tx mortgage DOW economic data FED inflation inside lending update job market austin Market MBS mortgage austin mortgage backed securities mortgage backs mortgage blog austin mortgage blog texas mortgage lender austin mortgage market update mortgage pricing mortgage rates mortgage rates austin mortgage rates texas notes stocks texas mortgage texas mortgage blog texas mortgage lender texas mortgage rates treasuries tx mortgage blogs tx mortgage rates unemployment rate Weekly Unemployment Claims


text:
Update on Global High Yield Debt Issuance Volumes
Here is a small addendum to our recent articles on the corporate debt bubble ("A Dangerous Boom in Unsound Corporate Debt") and the associated derivatives-berg, which is intended to hedge both the credit and interest rate risk this credit boom has given rise to ("A Perilous Derivatives-Berg").
We recently combed through John Hussman's weekly commentaries, one of which contained an up-to-date chart of global high yield debt issuance per quarter from Q1 2006 to Q2 2014. Both global issuance volume and the number of deals are depicted on the chart. As you can see, we have long left all previous records in the dust.
Global high yield debt issuance in USD billion per quarter, plus the number of offerings, via John Hussman.
How Compressed Risk Premiums Unwind
This low-grade debt bubble is undoubtedly going to prove to be the Achilles heel of the current inflationary boom period – even though many market participants strenuously deny it by relying on the 12 month default forecasts published by rating agencies (which show not even the smallest cloud on the horizon – in other words, it's all good). As the next chart shows, risk premiums have become extremely compressed. Mr. Hussman had something very interesting to say on that particular topic, namely:
"As we saw in multiple early selloffs and recoveries near the 2007, 2000, and 1929 bull market peaks (the only peaks that rival the present one), the "buy the dip" mentality can introduce periodic recovery attempts even in markets that are quite precarious from a full cycle perspective. Still, it's helpful to be aware of how compressed risk premiums unwind. They rarely do so in one fell swoop, but they also rarely do so gradually and diagonally. Compressed risk premiums normalize in spikes.
As a market cycle completes and a bull market gives way to a bear market, you'll notice an increasing tendency for negative day-to-day news stories to be associated with market "reactions" that seem completely out of proportion. The key to understanding these reactions, as I observed at the 2007 peak, is to recognize that abrupt market weakness is generally the result of low risk premiums being pressed higher. Low and expanding risk premiums are at the root of nearly every abrupt market loss.
Day-to-day news stories are merely opportunities for depressed risk premiums to shift up toward more normal levels, but the normalization itself is inevitable, and the spike in risk premiums (decline in prices) need not be proportional or "justifiable" by the news at all.
Remember this because when investors see the market plunging on news items that seem like "nothing," they're often tempted to buy into what clearly seems to be an overreaction. We saw this throughout the 2000-2002 plunge as well as the 2007-2009 plunge."
(emphasis added)
This is an important observations regarding the connection between news releases and financial markets. The news are actually rarely the cause of market movements (which more often than not makes the attempts in the financial press to "explain" day-to-day market movements incredibly comical).
Market participants only use news as triggers when it suits them, in other words, when they seem to confirm what they were going to do anyway. The important point is not whether news emerge that are seemingly associated with market moves; the important point is the degree of overvaluation and leverage.
Effective yield of the Merrill US high yield master II index – currently at 5.5%. Similar levels of return-free risk were on offer in 2005-2007 – click to enlarge.
Comforting Myths
Hence there rarely seems to be a "reason" for why market crashes happen. Market observers are e.g. debating to this day what actually "caused" the crash of 1987. It is in the nature of the beast that once liquidity evaporates sufficiently that not all bubble activities can be sustained at once any longer, bids begin to become scarce in one market segment after another. Eventually, they can disappear altogether – and sellers suddenly find they are selling into a vacuum.
Once this happens, the usual sequence of margin calls and forced selling does the rest. Risk premiums normalize abruptly, and there doesn't need to be an obvious reason for this to happen. Mr. Hussmann inter alia cites Kenneth Galbraith's description of the crash of 1929 in this context. Galbraith correctly remarked that when the crash occurred, no-one knew that a depression was lying dead ahead. The crash itself would have been in the cards regardless of what happened later. Anything could have broken the bubble, as Galbraith put it. The crash merely adjusted a situation that had become unsustainable.
After an extended credit boom, leverage can be assumed to have seeped into every nook and cranny of the markets. In the stock market, we see it in record high margin debt and the tiny cash reserves held by mutual funds and other investors. In fixed interest rate securities, investors are encouraged by low volatility and the seeming absence of risk to lever up, as their returns on newly issued debt begin to shrink along with falling interest rates. In so doing, the risks are usually judged by looking at market history. In every bubble, a new myth emerges that seemingly justifies such investment decisions.
In the housing bubble, the myth of choice was that house prices could never fall on a nationwide basis. After all, history showed it had never happened before. It was held that eventually, problems may emerge in some regions or some sub-sectors of the credit markets, but they would remain localized and "well contained" (the favorite phrase employed by assorted officials when the bubble began to fray at the edges). In the current bubble the myth of choice is that "past crises have shown that defaults on high yield corporate debt never exceed certain manageable levels".
Why is this a myth? After all, it is a historically correct view. It is a myth for one reason only: in all of history, there has never been a bigger bubble in junk debt than now (just as the real estate and mortgage credit bubble were unique in their extent). Therefore, economic history actually has little to say about the current situation, except for the general statement that compressed risk premiums have a tendency to one day readjust out of the blue and quite abruptly. Economic history can definitely not be used to assert that the risks are small. They are in fact huge and continue to grow.
Compressed risk premiums can never be sustained "forever". They are so to speak sowing the seeds of their own demise. Most market participants believe they will be able to get out in time, but that is never the case – in fact, it is literally impossible for the majority to do so, because someone must buy what others sell (by definition, this means someone will be caught holding the bag when the tide goes out). In reality, it is ever only a tiny minority that manages to sell near the market peak, not least because investors have assimilated the lesson that "every dip is a buying opportunity". This will be true until it one day isn't anymore (the search for reasons will then predictably yield the well-known phrase "no-one could have seen it coming").
Charts by John Hussman, St. Louis Federal Reserve Research
Emigrate While You Can... Learn More
Dear Readers!
You may have noticed that our so-called "semiannual" funding drive, which started sometime in the summer if memory serves, has seamlessly segued into the winter. In fact, the year is almost over! We assure you this is not merely evidence of our chutzpa; rather, it is indicative of the fact that ad income still needs to be supplemented in order to support upkeep of the site. Naturally, the traditional benefits that can be spontaneously triggered by donations to this site remain operative regardless of the season - ranging from a boost to general well-being/happiness (inter alia featuring improved sleep & appetite), children including you in their songs, up to the likely allotment of privileges in the afterlife, etc., etc., but the Christmas season is probably an especially propitious time to cross our palms with silver. A special thank you to all readers who have already chipped in, your generosity is greatly appreciated. Regardless of that, we are honored by everybody's readership and hope we have managed to add a little value to your life.
Bitcoin address: 12vB2LeWQNjWh59tyfWw23ySqJ9kTfJifA
One Response to "Comfortable Myths About High Yield Debt"
Most read in the last 20 days:
- "In America Money Does Grow on Trees"
Full Commitment This week provided additional confirmation that America is fully committed to a program of currency destruction. Decades of terminal intelligence have gotten us to this special place. We will have more on this in a moment. But first some words on being fully committed. Say hello to the provider of bacon... lots of bacon, in this case. [PT] We have never gutted a hog. But we hear it is a bloody mess. The volume of blood that gushes out –...


text:
Communicating With Color
About the Workshop
We've all had that moment when our footage looks terrible. Someone forgot to white balance, or there are multiple cameras that don't match. Or maybe you just want the footage to look different for story purposes. The art of color grading helps fix problems, and when used strategically, it complements the story and creates a consistent look for the audience. This session will cover the overall process of color grading and the tools to use.