UK-based tech innovation company Centre for Process Innovation‘s Windowless Fuselage concept replaces windows on commercial planes with high-definition, flexible panels that can display breathtaking views of the world around the aircraft as it soars across the sky. The proposed plane, which could be realized within the next 10 years, would reduce weight and fuel costs of the plane.

Прикольная кружечка…

Дела за сегодня: Зарядка, Прогулка, Хлебные Дела, Встреча со знакомыми, Планирование…

Благодарности за: Общение и знакомства, Благодарности в мой адрес, Приятности, Б.П., Пожелания, Отзывы, Ольге, Хранителю, Новостям…

Мысль дня: Почему не говорят некоторые прямо, а врут…😜

#ЯртурЗагорулько #Москва #Киев #ЖивойХлеб #ЕдлинХлеб #ВелМаш #ВелМашъ #ССЛ #CPI #НМП #ЗОЖ #ПотребительскоеОбщество #УкраинаИнвест21Век #Хлеб #Helix (at Призрак Оперы, Мюзикл)

2014 Content Power Index

The data is from Jan to Nov 2014, and both of Jong Suk’s dramas are on the top 10 list. It is quite remarkable for Pinocchio as it just started airing in Nov.

Pinocchio 241.2 (Rank #5)

Dr. Stranger 233.0 (Rank #9)

The rest of the list

1. The One who Came from Stars

2. Misaeng

3. It’s Okay It’s Love

4. God’s gift- 14 days

5. Pinocchio

6. Three Days

7. Empress Gi

8. Infinite Challenge

9. Dr. Stranger

10. Discovery of Love

(Source: Star)


Connecting the Courtroom and communities: live video links and press conferences

With Caroline Maurel

In the lead up to the first days of the Gbagbo and Blé Goudé trial at the ICC, my number one priority has been the communities affected by crimes connected to this case. According to the ICC Prosecutor, approximately 1 million people were displaced in 2010-2011, there were several mass graves in Abidjan, and there is documentation relating to widespread arbitrary arrests, “disappearances” and incidents of rape, among other crimes.

Before the trial opened this week, questions poured in from communities affected by these crimes: There are two people now appearing before the ICC, but what about others suspected of these crimes? Since this involved an election, will the ICC investigate individuals in both major political parties? Will justice really be done? How long the trial will take?

I worked not only to answer these initial questions, but also to make sure these communities could see that their voices were being heard and that the ICC process included them. But as one person, this is an impossible task. That is why I am also working, together with my colleagues in The Hague and in Abidjan, with the media, among others, who can prove vital to communications between the communities and the Court.

To facilitate the work of journalists from Côte d'Ivoire, we connected with journalists in Abidjan via webstreaming during our press conference, the day before the trial opened; others were able to attend in person in The Hague. These media report nation-wide, so the entire country was able to have better access to the views of the Office of the Prosecutor, the Defence and the Legal Representative of Victims, all of whom agreed that the purpose of the trial was to get to the truth.

A single press conference might seem simple, but the impact can be huge. While those in the Courtroom work hard to get to the truth, my goal is to share that process with communities affected by crimes, for whom the truth matters most.


I don’t usually promote anything on this account, but I think there is so little circulating on this and it’s actually a really useful event. 

  • Meet College Coaches of and learn about some of the most prominent riding schools
  • Learn how the college riding system works and the options and opportunities available. 
  • Allow college coaches to see your riding in the format that you will have to ride in for most college competitions. And experience a similar format of college competition.
  • Meet people around the country that have similar interests and goals as you. 
  • And have the opportunity to visit WEF. 

Really it’s a valuable experience and something I think any equestrian considering going into riding on college teams should do this. 

Most recent economic data spells normalization sooner rather than later

Markets have received have received some very welcome economic news this week. Virtually all of it speaks to improving consumer demand and improving inflation metrics – two critically important themes relative to Federal Reserve monetary policy and interest rates.

According to the Commerce Department, new single home sales for February came in at an annualized rate of 539,000. Impressively, that figure is significantly above consensus expectations that were calling for 462,000 units. It is also nearly 25% higher than  a year ago and the highest rate of sales since February of 2008.

In another nod to potentially improving consumer demand, February’s Consumer Price Index (CPI) registered a gain of 0.2%. Though still negative for the year at -0.1%, February does break a string of negative monthly readings for the CPI. Core CPI also showed a gain of 0.2% for the period. A principle concern for Fed officials and for economists has been the degree to which demand may have tapered off in recent months. Yesterday’s CPI data stilled those concerns – at least briefly. 

U.S. manufacturing activity in March, as measured by Markit’s flash PMI, rose to 55.3 from February’s 54.3. Defying those sounding the clarion bell of deflation and weak demand, new orders rose at the fastest pace in nearly half a year despite the headwind provided by a stronger dollar.

As if to underscore the concern that some have as to interest rates being too low given our ongoing economic expansion, St. Louis Fed President James Bullard in a speech yesterday went so far as to say that the Fed’s current interest rates of near zero are “no longer appropriate.”  

The U.S. economic expansion appears to be reasserting itself if recent data is truly reflective of the emergence of a trend. We will have several to find out. In that case, Mr. Bullard’s assessment of the current interest rate picture will become fairly obvious and the talk of normalization will become action.  That action will trigger extreme volatility.  

JNU : Hub of Anti-National Communist Traitors

JNU : Hub of Anti-National Communist Traitors

External image

MUMBAI – MAHARASHTRA – INDIA           FEBRUARY 14, 2016           11.40 P.M.

I am agitated. I am angry. I am furious.

Maqbool Bhat was hanged in 1984 , February 11, 1984. Indira Gandhi of Indian National Congress was the Prime Minister of India.

Afzal Guru was hanged in 2013 , February 09, 2013. Manmohan Singh of Indian National Congress was the Prime Minister of India.

Hanging of both these…

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The Magic Of CPI: Watch How Economists Transform A 400% Price Increase Into A 7.1% Decline

Suppose that a TV manufacturer retires a product and replaces it with a newer, better, and much more expensive one. If the new TV costs 5 times more than the old one, how can we manipulate the hell out of massage the price of the old TV to make it look like the price fell? By using the dark arts of econometrics, my son!

If you believe the public comments made by the world’s central bankers, the prices that consumers pay for items are not rising fast enough; in some places like Europe they worry that prices might actually fall (a tragedy for the possessing classes, as their manic one-way long bets might not work then). Central bankers are terrified of this outcome. Setting aside for a second the apparent insanity of this logic for your average consumer, who experiences price rises on a near continuous basis, let’s examine in detail one of the jokes gauges economists use for measuring prices: the Consumer Price Index (CPI).

Ostensibly, the CPI is a linear combination of the “prices” of things/stuff consumers could actually purchase weighted by a percentage that the “ideal consumer” spends on any particular stuff/thing in his “ideal” basket. The main problem here is that the “prices” used are not the prices a consumer would actually pay; instead the real price for an item is scaled by what the BLS calls a “Hedonic Quality Adjustment (HQA)”. The HQA was designed to solve a real world problem economists face: the market keeps pumping out new and better devices. In practice the HQA is used to artificially depress the prices used in the calculation of the CPI.

Intuitively, the HQA scales prices by their “perceived” quality. We’re not talking about human perception here, but that of a kitchen sink regression model created by BLS economists. Essentially it throws every quality an item might possess into a linear model and performs a regression of these qualities against the prices found in the market for a given product. The prices that feed into the CPI can be intuitively modeled as:

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This means that as far as the CPI is concerned, prices can “decrease” for three reasons:

  • The price actually decreases, holding quality constant
  • The “quality” as measured by the Hedonic Quality Regression (HQR) could go up, holding price constant
  • The “quality” goes up by more than prices go up (<<<<<< WE’RE HERE RIGHT NOW)

In a time of rapid technological development, the quality as measured by HQR will increase by orders of magnitude more than prices. Consider Moore’s Law, which correctly postulated that the number of transistors on computer chips would double every two years; prices can’t possibly keep up with that kind of quality increase (save for hyperinflation, more on that later).

Read the rest here

Chair Yellen, tell us something we don't already know

Equity markets were left unmoved and unfazed by the FOMC and by Federal Reserve Chair Janet Yellen’s press conference yesterday. The Dow Industrials, S&P 500 and NASDAQ all posted incremental gains on the session. Volume expanded on both the NYSE and NASDAQ. Frankly the entire event was a bit of a letdown for those looking for some Fed-centric excitement.

We were treated to commentary and insights that were hardly novel. Hardly ground swelling. The economy is expanding – we know that. The labor market has continued to show improvement – we know that. Inflation is expected to rise gradually to 2% - we know that. The rise in rates orchestrated by the Fed will be gradual and shallow – we know that. If one of the Fed’s objectives is to remove Fed-centric volatility from the market, they appear to be achieving their goal. The session was downright anti-climactic.

One topic I found interesting, if not surprising, however was that of Greece. Chair Yellen did discuss the potential negative impact of a “Grexit” on the EU economy and on the global interest rate paradigm. Clearly the prospect of a meltdown in the EU financial markets as a result of failed Greek negotiations would keep pressure on the Fed to hold off on rates until the dust settles. To a large extent, that is the relevance of the Greek crisis to the global economic narrative; fear of an oversized and negative impact  on credit markets, the ECB, the fragile EU economy and any spill over as a result. 

The only data point that was not assured of heading into yesterday’s trade was that the Fed lowered full-year growth projections for the economy. Given the results we have received for Q1, that hardly comes as a surprise either. Effectively, investors and markets received confirmation - not news yesterday and they responded accordingly.

With the exception of energy and health care all major market sectors rose yesterday. Utilities, consumer staples and industrials led winners. Internals on both the NYSE and NASDAQ were modestly positive as well.

There is plenty on the calendar today to focus on. Clearly CPI is king this morning but that said, Jobless Claims and Leading Indicators have the potential to provide plenty in the way of excitement – particularly if they come in hotter than expected.

Those jerseys would be $71.35 in 2015 dollars, according to the CPI. Descente seems to have (again) left the cycling kit game, but taking the 2009 value of these prices ($63.88) and comparing it to Descente’s MSRPs from that model year, it’s pretty clear that the price of cycling kit has absolutely destroyed the rate of inflation.

And I mean, don’t even get me started on the other stuff that’s out there.

(via a 2010 post on Performance Bike’s blog, resurfaced by Richard Masoner for Back to the Future day)


Bunia: “A Day at School with the ICC” campaign reaches over 900 students

With Nicolas Kuyaku

In November and December, as part of the “A Day at School with the ICC” campaign, I visited students in their final year at five schools in Bunia, situated in the Ituri province in eastern Democratic Republic of the Congo. These meetings gave over 900 students aged 17 to 23 and their teachers the opportunity to ask questions about the establishment, powers and mandate of the International Criminal Court. The aim of these informative sessions is to inform students about the role and mission of the Court: to combat impunity worldwide. But this is not our only message. With this campaign, we are also trying to raise awareness among young people about the consequences of recruitment by armed groups, which continue to plague the region.

I begin each session by asking the participants, “Have you ever heard of the ICC? If so, how?” This draws the participants out and opens up the discussion. After answering their questions, I show them an extract from the confirmation of charges hearing in the case of The Prosecutor v. Bosco Ntaganda. The students are very interested in the video, as it shows children in militias.

One time when I showed the video, a student recognised the landscape of Rwampara and the areas surrounding Bunia airport, which were used as training camps for the enlistment of minors during the armed conflicts. This allowed me to emphasise that the enlistment and use of children under age 15 is a crime recognised by the Rome Statute. I then asked the students if they knew anyone who had been enlisted.

To my surprise, a 23-year-old student wanted to share her story: she had been enlisted in an armed group.

“I contributed to the success of the group I belonged to by handling military logistics during confrontations with other armed groups in the region,” she said. Then she added, “I regret having interrupted my studies. I was also exposed to many solicitations from the kadogo (child soldiers), who wanted to make me their sex slave. To protect myself, I left the group and went to stay with one of my uncles.” She ended by saying, “I am giving this testimony just to draw your attention to the consequences of enlistment in the militias. It’s a life that deprives children of all the rights they should have, such as social welfare, an education… This is my contribution to the fight against the forced use of minors in armed groups. We mustn’t accept enrolment under any circumstances.”

At the end of her account, the students all commended her for having the bravery to share her personal experience within the militia. I hear many stories like this in the communities I visit.

In another class, one young boy spoke about how he had started out in a local militia. “I decided to join the militia because all my relatives had been killed in the armed conflict. I had no more family support. The commander in charge of the operations accepted me as a new recruit and put me in charge of transporting ammunition and other military items. I played an active role in the hostilities. I also killed other human beings. It’s not my fault. It was an order and I also had to avenge my people.”

One teacher took the floor to condemn the behaviour of warlords who continue to recruit children to the armed groups that are still active in the region. “Only justice can free people and protect their dignity. To effectively combat the scourge of under-age recruitment, the DRC must join in the ICC’s efforts,” he added. When I concluded by saying that a child’s place is with their family or at school, not in armed groups, everyone applauded.

There was keen interest in the participants’ testimonies, which led to wide-ranging discussions about the rights of children, the enlistment of children by armed groups and the fate of the thousands of victims in Ituri.

To bring the sessions to a close, I routinely present the exhibition “Justice Matters”, a collection of photographs which provides an overview of how the ICC and the Trust Fund for Victims help affected communities. The students are particularly interested in the pictures about Bunia, and see proof that the Court really understands their circumstances. The students and teachers do voice some frustrations and concerns about the work of the ICC, and in particular the lengthy court proceedings, the identification of victims and the delays in receiving reparations in Ituri. But overall, at the end of each session, I am always moved and happy that the students have been so captivated by the work of the Court and have had so many questions.

I am also glad on a personal level, of course, that there has been such a broad consensus on and support for the messages warning against child enlistment. This shows that all of these meetings can have a positive effect on these young people, who have also promised to support the work of the Court.

Consumers Paying More While Wages Remained The Same In June: Labor Department

American consumers paid slightly higher prices for goods and services in June, offsetting any rise in incomes, continuing a five-month trend of higher spending that began after a cold snap subdued shopping in January.

The seasonally-adjusted consumer price index (CPI) for urban consumers, a monthly measure used by economists to track changes in the price levels of products households commonly buy, increased 0.3 percent in June, the Labor Department reported Tuesday. That’s a bit weaker than economists expected but still consistent with the strengthening in prices over the first half of the year. Core consumer prices, which exclude energy and food prices, increased 0.1 percent, the smallest gain in fourth months, held back by a nearly 2 percent dip in hotel prices and smaller dips in new and used car prices.

Real average hourly earnings for all workers did not change from May to June, as the rise in CPI offset a 0.2 percent increase in average hourly earnings. Earnings dropped 0.1 percent in June compared to a year ago. From April to May, real average hourly earnings for all workers fell 0.2 percent.

“We doubt this marks the start of a new, softer trend in core prices, however,” Paul Dales, senior U.S. economist for Capital Economics, said in a note Tuesday.

The fall in hotel prices simply reversed May’s 2 percent month over month rise, and hotel occupancy rates indicate that prices will rise again in the coming months, Dales said. He also expects that strong demand for vehicles driven by faster jobs growth and looser credit will allow auto retailers to raise car prices.

“We still expect that a faster rise in core inflation will prompt the Fed to start hiking interest rates in March and force it to raise them further than widely expected,” Dales said.

Wage growth has remained slow or stagnant for decades. From the late seventies to just before the recession brewed in 2007, incomes for average Americans increased only 5 percent.

Recent college graduates in particular have incomes growing significantly more slowly than average. San Fransisco Federal Reserve economists Bart Hobjin and Leila Bengali said Monday in a letter that median starting wages of recent college graduates have not kept pace with median earnings for all workers over the past six years.

However, wage growth may be picking up soon. A survey by the National Association for Business Economics (NABE) released Monday said 43 percent of the 79 economists from such firms as the National Retail Federation said their firms had increased wages. Only 19 percent said so last year, and 35 percent said their firms had increased wages in the three months to April. 

Dales said it’s “only a matter of time before the decline in the national unemployment rate triggers an acceleration in overall wage growth.”

The Most Dangerous Chart in the World: Chinese GDP vs Inflation

The title is hyperbole, but it represents an important subject matter: the effect of external deflationary pressures on the US economy.  Indeed, we are not ones to believe that the Chinese economy is going to implode anytime soon.  Recent actions by the People’s Bank of China and the political ruling class indicate that they understand that structural economic reforms need to be undertaken.  That is encouraging.  The issue of inflation, or the lack thereof, may not be something that can easily be turned on even with fiscal changes and monetary stimulus.  We believe that it is likely that the Chinese will be exporting deflation to the US for some time, even if (when) they push further towards an organically consumer economy. 

Looking at the “Most Dangerous Chart in the World” one must wonder what miracle is in place to keep Chinese GDP at 7.5% (as per current political planning) while inflation falls to such low levels.  A large part of Chinese CPI is comprised of food (32%) and housing (17%).  Looking past these “transient” types of inflation, Core CPI is also troubling at a current 1.3% down from 2.0% to start 2014.  Our core thesis is that one of these two things will likely start matching the other and we believe that it is likely that we see a downturn in Chinese GDP before an upturn in inflation pressures.

As the Federal Reserve’s FOMC Statement comes out tomorrow, the focus will be on US economic dynamics and whether the FOMC removes the “considerable time” phrase in describing US interest rates.  While acknowledging that the US is a more insular economy with high rates of services consumption, we believe an underappreciated key to the FOMC statement will be whether or not the Fed specifically denotes external deflationary pressures.  It’s one thing to say that the price of oil is a temporary pressure, but quite a different thing to consider the entire Chinese economy and its unique deflationary pressures as being immaterial on the US economy.  From hyperbole to hyper-obvious: China matters to the US.

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