Monday, August 5, 2013

New jobs disproportionately low-pay or part-time

WASHINGTON (AP) ? The 162,000 jobs the economy added in July were a disappointment. The quality of the jobs was even worse.

A disproportionate number of the added jobs were part-time or low-paying ? or both.

Part-time work accounted for more than 65 percent of the positions employers added in July. Low-paying retailers, restaurants and bars supplied more than half July's job gain.

"You're getting jobs added, but they might not be the best-quality job," says John Canally, an economist with LPL Financial in Boston.

So far this year, low-paying industries have provided 61 percent of the nation's job growth, even though these industries represent just 39 percent of overall U.S. jobs, according to Labor Department numbers analyzed by Moody's Analytics. Mid-paying industries have contributed just 22 percent of this year's job gain.

"The jobs that are being created are not generating much income," Steven Ricchiuto, chief economist at Mizuho Securities USA, wrote in a note to clients.

That's one reason Americans' pay hasn't kept up with even historically low inflation since the Great Recession ended in June 2009. Average hourly pay fell 2 cents in July to $23.98 an hour.

Among those feeling the squeeze is Elizabeth Wilkinson, 28, of Houston. After losing a $39,000-a-year administrative job at Rice University in January, Wilkinson found work at an employment agency for $15 an hour. Yet she's had to supplement that job with part-time work as a waitress.

"This morning I put $1.35 worth of gas in my car because that is all the money that I had," Wilkinson said via email. "It's very difficult to survive on $30,000 (a year), and I am living paycheck to paycheck."

Part-time work has made up 77 percent of the job growth so far this year. The government defines part-time work as being less than 35 hours a week.

Weak economies overseas have reduced demand for U.S. goods and, as a result, for better-paying U.S. jobs in manufacturing. Government spending cuts have taken a toll on some middle-class jobs, too.

Many employers have also discovered that they can use technology to do tasks more cheaply and efficiently than office workers used to do. And some have found that they can shift middle-class jobs to low-wage countries such as China.

By contrast, most lower-paying jobs ? from waiters and hotel maids to store clerks, bartenders and home health care aides ? can't be automated or shipped abroad.

"You're always going to have jobs in the retail sector," says Michael Evangelist, a policy analyst with the liberal National Employment Law Project, which advocates on behalf of low-wage workers.

Consider Mike Ulrich, 30, who earned a master's degree in public administration in May from the University of Colorado. Ulrich hasn't been able to find work that requires a college degree. Instead, he works at a hardware store in Spokane, Wash., earning the state's minimum wage: $9.19 an hour.

Not all July's new jobs were low-paying. Local schools hired more than 10,000 teachers and other employees. Financial firms added 15,000.

The surge in part-time employment began in April.

Jason Furman, the new chairman of the White House's Council of Economic Advisers, says part-time employment has been inflated by the across-the-board budget cuts that began to bite in March, forcing some federal workers to take time off without pay.

Analysts say some employers are offering part-time over full-time work to sidestep the new health care law's rule that they provide medical coverage for permanent workers. (The Obama administration has delayed that provision for a year and into 2015.)

But Furman disputed the idea that the health care law will ever drive companies to favor part-timers over full-timers and says the notion makes even less sense now: "Why would they shift people to part-time for something that's not going to happen until 2015?"

Scott Anderson, chief economist at Bank of the West, thinks concerns about the rise in part-time work are overblown. The government's figures on part-time jobs are highly volatile, Anderson notes. The big gain this year could quickly reverse, he says.

Yet for the most part, Daniel Alpert, managing partner of Westwood Capital, wrote in a report last month, "the only folks engaging in meaningful hiring are doing so because labor is cheap."

The low quality of the added jobs could help explain something that has puzzled economists: How has the U.S. economy managed to add an average of roughly 200,000 jobs a month this year even though it grew at a tepid annual rate below 2 percent in the first half of the year?

Some are proposing an answer: Perhaps a chronically slow-growth economy can't generate many good-paying jobs ? but can produce lots of part-time or lower-wage retail and restaurant work.

Diane Swonk, chief economist at Mesirow Financial, recalls that the robust economic growth of the late '90s generated millions of middle-class jobs. And it pushed unemployment so low that short-staffed companies were forced to convert part-time jobs into full-time ones.

"Faster growth would fix things," Swonk says. "That's the magic fairy dust."

Source: http://news.yahoo.com/jobs-disproportionately-low-pay-part-time-162103614.html

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Chris Sieroty - Does daily fantasy sports blur the line between fantasy and gambling?

Sports fans are wagering thousands of dollars on the performance of professional athletes each day online, and it is all perfectly legal.

Known as daily fantasy sports, the games are part of an exemption to federal law banning online gambling. In daily fantasy sports, winners aren?t determined by the outcome of a single game or the performance of a single player.

Most fantasy competitions ? football or baseball ? last a season, but more and more players are looking for their daily fantasy fix. Critics argue that turning fantasy sports into a daily competition edges it closer to being a game of chance that?s essentially equivalent to placing a bet at race and sports books in Las Vegas.

?I?m not going to give a legal opinion,? John Kindt, an emeritus professor of business and legal policy at the University of Illinois, said Thursday. ?But what I would say is that this was not the intent of Congress when it prohibited online gambling.?

The Unlawful Internet Gambling Enforcement Act of 2006 regulated online gambling by prohibiting gambling businesses from knowingly accepting payments in connection with a wager. The law excluded fantasy sports and legal intrastate and inter-tribal gaming.

?Fantasy sports interests argued that this was a season-long effort and substantially a game of skill,? Kindt said in a phone interview. ?That appears to have changed with daily fantasy sports.?

Kindt also described fantasy sports as an ?introductory venue? to sports gambling.

?Young people love sports, love to take risks and don?t realize that gambling can become problematic,? he said. ?Fantasy sports on a daily basis is pushing open the door to these concerns.?

Today, there are 35 million fantasy sports players in the U.S. and Canada, according to the Fantasy Sports Trade Association. The fantasy sports industry generates $3.07 billion annually from entry fees and direct spending on subscriptions to magazines and websites catering to fantasy players.

By comparison, casino visitors in Nevada wagered more than $3.4 billion on sporting events in 2012, according to the Nevada Gaming Control Board.

The FSTA doesn?t separate revenue figures for daily fantasy sports. However, there are plenty of websites offering daily games for money, including FanDuel, Play Daily Fantasy Sports and Cantor Fitzgerald?s Top Line Gaming Labs.

Certain states continue to have more restrictive laws. But in Nevada and other states that allow fantasy sports to be played for money, the daily contests are essentially unregulated.

Kindt said although states can have parallel anti-gambling laws, Internet gambling is a federal issue. He said any outright state ban on gambling through fantasy sports would conflict with federal law.

He also argued that those advocating for the legalization of sports gambling don?t understand the consequences of opening the door to sports gambling nationwide.

?It would destroy amateur, collegiate and Olympic sports,? Kindt said. ?The NCAA and professional leagues are still extremely concerned about sports gambling, and are seeking to protect the integrity of sports by keeping out gambling.?

Copyright GamingWire. All rights reserved.

Source: http://www.casinocitytimes.com/article.cfm?contentandcontributorid=62435

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Wednesday, July 24, 2013

This 97-Year-Old Makes Amazing Art Exclusively With Microsoft Paint

A great artist can make beauty out of any medium, no matter how limited. 97-year-old Hal Lasko embodies this concept. Instead of painting with dozens of expensive brushes or high-end software suites, Lasko uses a tool most of us have used and abandoned years ago?Microsoft Paint from Windows 95.

Read more...

    


Source: http://feeds.gawker.com/~r/gizmodo/full/~3/DCthQlTnQtg/this-97-year-old-makes-amazing-art-exclusively-with-mic-882394545

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Tuesday, July 23, 2013

Subway co-founder and president DeLuca diagnosed with leukemia

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Source: www.firstpost.com --- Sunday, July 21, 2013
Subway said its co-founder and President Fred DeLuca has been diagnosed with leukemia. The privately held sandwich chain said in a statement that the 65-year-old DeLuca is being treated and ?doing well.? It said its senior management team is managing the day-to-day operations and that DeLuca continues to hold his title. ?Fred is communicating with [...] ...

Source: http://www.firstpost.com/business/subway-co-founder-and-president-deluca-diagnosed-with-leukemia-974969.html

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Monday, July 22, 2013

Remember, only you can prevent forest fires but they still happen with frightening regularity and in

Remember, only you can prevent forest fires but they still happen with frightening regularity and increasingly destructive force. To better understand and predict the atmospheric conditions these wildfires, a one research team wants to float an armada of disposable, self-guided sensor-toting UAVs into the flames' maw. Finally, all those years of making paper airplanes in the back of the class are finally paying off.

Read more...

    

Source: http://feeds.gawker.com/~r/gizmodo/full/~3/KlomdhEXFhk/remember-only-you-can-prevent-forest-fires-but-they-st-873241341

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Sunday, July 21, 2013

Mich. governor front, center in Detroit bankruptcy

DETROIT (AP) ? Seven governors came and went during the decades-long decay of Michigan's largest city that culminated with a humiliating collapse into financial ruin.

It's the eighth, former business executive and relative political novice Rick Snyder, who is aggressively tying his legacy to the prospects of a Detroit turnaround.

When he took office, Snyder pushed for more powers for the state to intervene in distressed cities and schools. After voters repealed the law last November, he ignored critics and signed another one. He also hired the city's turnaround specialist and, nearly four months later, blessed the request to file for bankruptcy.

For the man with the "one tough nerd" moniker, it's the latest bold decision in a 2 ?-year stretch that's remarkable for the sheer breadth and pace at which Snyder has moved. He's again in the national spotlight just a half-year after making Michigan ? the bastion of the auto industry and organized labor ? a right-to-work state, a move that pollsters say led a drop in his approval ratings.

Though the impact of the bankruptcy filing on Snyder's 2014 re-election may be difficult to predict, it's still a legacy definer that's being watched not only in Michigan but also by Wall Street and other elected officials across the country.

Snyder, a former venture capitalist and computer company CEO, has no known presidential aspirations.

"I don't spend time dwelling on my legacy. I just try to do my job well," the Republican governor told The Associated Press in an interview. "That's relentless positive action. No blame, no credit. Just simply solve the problem.

"Here was a problem 60 years in the making. The can was being kicked down the road for far too long. It was time to say enough was enough. Let's stop, let's stabilize, let's grow."

Detroit's bankruptcy could last at least through summer or fall 2014, when Snyder is expected to ask voters for another term.

"I deeply respect the citizens of Detroit," he said. "They along with the other 9 million people in our state hired me to do this job. They're my customers. This was a tough step, a difficult decision, but it's the right decision."

The first-term governor, perhaps more than any other state's chief executive, hasn't been afraid to confront mounting retiree pension and health care costs hampering state and city budgets. He's done that mainly by signing laws making public workers pay more of their health costs, ending retiree health care for new hires and enticing teachers to contribute more toward their future pensions.

But the stakes could be higher with the Detroit intervention under Michigan's emergency manager law.

Eric Scorsone, a Michigan State University economist and expert on government finances, said while Snyder helped revise the law to make it one of the toughest in the country, bankruptcy likely was inevitable even under the old law ? unless creditors had voluntarily agreed to accept far less than what they're owed.

"Other governors may have taken different approaches. But even under the old law, if we had a different governor, it's pretty obvious something would have had to be done," he said.

Scorsone said many other U.S. cities have issues similar to Detroit, though not on the same scale. Other states will be watching to see what happens in part because Snyder ? not local elected officials ? is taking responsibility for improving public safety and other basic needs, he said.

"I think it's aggressive in the sense that most states don't intervene in local affairs to the same extent," Scorsone said.

Lansing Mayor Virg Bernero, a Democrat who lost to Snyder in the 2010 election, said Snyder "definitely" deserves credit if Detroit emerges in better shape, especially in providing everyday services.

"It's bold and decisive. You've got to give him credit, however late," Bernero said, adding that Snyder should have intervened in Detroit within three months of taking office in 2011.

"There was a sense of inevitability about this bankruptcy," Bernero said. "I would have moved quicker with an emergency manager. The ship couldn't right itself. Why prolong the agony? Lance the boil and move on."

Snyder first struck a consent agreement in April 2012 with the Democratic-led city to wipe out its enormous budget deficit and mountainous debt but appointed Kevyn Orr as emergency manager after that didn't work.

Steven Rattner, who was chief adviser to President Barack Obama's auto bailout task force, said from his detached vantage point in New York, Snyder "has handled this thing quite well."

While acknowledging the political difficulties associated with anything viewed as a bailout, Rattner questioned why the state and possibly the federal government aren't offering Detroit a rescue package.

"It's not logical for there to be political fallout from putting Detroit in bankruptcy because there's no other alternative to that," Rattner said. "The question people can ask is whether Snyder is offering all the help the state of Michigan can offer. ... These are tough politics either way."

There seems little appetite from either Democrats or Republicans in Washington for a federal rescue of Detroit. Bailing out the city with state money could bring resistance in the Republican-led Legislature and prompt anger from out-state residents concerned about funding their own schools and local services.

"There are so many great things going on in Detroit. We resolve the city government issue, Detroit's really well poised to see outstanding growth take place when people can say there are better services," Snyder said. "We're going to get there."

___

Associated Press writer Ed White in Detroit contributed to this report.

Source: http://news.yahoo.com/mich-governor-front-center-detroit-bankruptcy-181918598.html

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Saturday, July 20, 2013

James Woods Slams Obama Trayvon Martin Speech On Twitter

James Woods went on a bit of a Twitter rant after President Obama yesterday addressed Trayvon Martin?s death and the George Zimmerman not-guilty verdict.

The president?s speech apparently did not sit well with the Emmy-winning and Oscar-nominated actor in the context of economic issues.

During the course of his remarks about the controversial Florida case in which the Hispanic neighborhood watchman was acquitted of second degree murder and manslaughter, the president said ?And there are very few African-American men who haven?t had the experience of walking across the street and hearing the locks click on the doors of cars. That happens to me, at least before I was a senator.?

This portion of Obama?s address prompted the actor to tweet ?The only reason people lock their car doors when Obama walks by is they are afraid he?ll tax them to death.?

Among other things, Woods also asked on Twitter if the president could offer advice to other teenagers in America such as those injured in the line of duty while serving in the military (i.e., wounded warriors). Woods also insisted that jobs and skills training were among the best ways to address social problems in the country rather than reliance on a bloated welfare state.

Woods, 66, caused quite a stir on social media recently in connection with his social life. He recently ended his seven-year relationship with 26-year-old Ashley Madison and is now dating 20-year-old Kristen Bauguess who reportedly has had some recent run-ins with the law.

Known for playing many intense, over-the-top characters, James Woods has 134 entries at IMDB for acting roles and several entries for producing, directing, and writing.

Woods has claimed that he had an encounter with some of the the 9/11 hijackers when they were doing a trial run on a flight from Boston to Los Angeles in August 2001 and reported it to law enforcement authorities at that. The FBI apparently never followed up.

What do you think of James Woods? Twitter criticism of the Obama Trayvon Martin speech?

Source: http://www.inquisitr.com/860179/james-woods-slams-obama-trayvon-martin-speech-on-twitter/

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Friday, July 19, 2013

South Africa admits ?challenges? in Zimbabwe vote

July 19, 2013

South Africa's chief envoy on Zimbabwe's political crisis conceded Friday there were challenges in the run-up to key polls, a day before regional mediators meet to discuss the vote.

Yet the African Union said free and fair elections in Zimbabwe, due at the end of the month, are possible.

Thousands of Zimbabwean security forces could not draw their mark in chaotic early voting three weeks before the July 31 elections to end a four-year unity government.

"The process has got challenges, we can't deny that because we've seen what info has been coming out during the special vote," said Lindiwe Zulu, who heads the mediation process after deadly polls in 2008.

During early voting on Sunday and Monday polling stations opened late and many lacked indelible ink, stamps, voter rolls and ballot papers and boxes.

"If things didn't go right in the special vote, those things need to be looked into by the time of elections on July 31," Zulu told AFP.

But the African Union after its Peace and Security Council meeting on Friday said it was possible to have fair elections.

"According to our observers on the ground we believe that it is possible to have free and fair elections in Zimbabwe," said Aisha Abdullahi, AU commissioner for political affairs on Zimbabwe.

"But we cannot guarantee that it will be the most perfect or optimum of situations," he said after an AU peace and security council meeting.

"The environment in Zimbabwe so far reassures us that the conditions are good for the election to be held on July 31," he said.

President Robert Mugabe called early polls, hoping to prolong his 33 years in power, despite demands for reform by his archrival Prime Minister Morgan Tsvangirai.

But Tsvangirai's Movement for Democratic Change (MDC) said this week's "disorganised" early vote showed the country's election commission was not up to the task.

With the vote due in less than two weeks, the country is still trying to raise the $132 million budget required to fund it.

"We are doing everything we can to make sure that we have the sufficient resources to fund the elections," Finance Minister Tendai Biti told journalists.

"I am very positive that we will get the money," admitting that "we do not have the resources at the present moment".

Biti, who is a member of Tsvangirai's party, had previously declared that the country had no money to fund the crucial elections, and launching an international appeal for finance.

In April, the cash-strapped country withdrew its funding appeal to the United Nations.

Early this year the government had to borrow money from local firms to pay for the referendum on a new constitution.

"We are getting no joy from diamond monies. Over $400 million have been sold of diamonds just in the first quarter of the year, (but) nothing has come to treasury," said Biti.

Leaders of regional mediator the Southern African Development Community (SADC) will meet in South Africa on Saturday to discuss the upcoming elections.

The 15-member block brokered the power-sharing deal between Mugabe and Tsvangirai in 2009, a year after around 200 opposition members were killed in election-related violence.

But there is no love lost between Mugabe and the SADC at the moment.

He threatened to leave the bloc if it meddled in Zimbabwean affairs and scolded South Africa's top diplomat "stupid and idiotic" in an election rally earlier July. - AFP, July 19, 2013.

Source: http://feedproxy.google.com/~r/tmi/news/allnews/~3/V2E0Q7Ej-ik/south-africa-admits-challenges-in-zimbabwe-vote

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Thursday, July 18, 2013

'Intelligent' surgical knife can sniff out cancer tissue

LONDON | Wed Jul 17, 2013 2:24pm EDT

LONDON (Reuters) - Scientists have created an "intelligent" surgical knife that can detect in seconds whether tissue being cut is cancerous, promising more effective and accurate surgery in future.

The device, built by researchers at London's Imperial College, could allow doctors to cut back on additional operations to remove further pieces of cancerous tumors.

The technology, effectively merging an electrosurgical knife that cuts through tissue using heat with a mass spectrometer for chemical analysis, has also been shown to be able to distinguish beef from horsemeat.

Surgeons often find it impossible to tell by sight where tumors end and healthy tissue begins, so some cancer cells are often left behind. A fifth of breast cancer patients who have lumpectomy surgery need a second operation.

The new "iKnife" is designed to get round the problem by instantly sampling the smoke given off as tissue is cut through using an electric current to see if it is cancerous.

In the first study to test the device in patients, the iKnife diagnosed tissue samples from 91 patients with 100 percent accuracy, researchers at Imperial College London reported in Science Translational Medicine on Wednesday.

Currently, removed tissue can be sent for laboratory analysis while the patient remains under general anesthetic - but each test takes around half an hour, while the iKnife provides feedback in less than three seconds.

It does this by analyzing biological information given off from burning tissue and comparing the findings to a database of biological fingerprints from tumors and healthy tissue.

"It's a really exciting innovation and a very promising technique for all types of surgery," said Emma King, a head and neck surgeon at Southampton Hospital, England, who was not involved in the research.

Still, she now wants to see how the iKnife performs in a randomized clinical trial.

CLINICAL TRIAL

Zoltan Takats of Imperial College, who invented the device, said he aimed to test it in such a study, involving between 1,000 and 1,500 patients with various types of cancers.

That trial process is likely to take two or three years and only then will the iKnife be submitted for regulatory approval, paving the way for its commercialization.

Takats has founded a Budapest-based company called MediMass to develop the product and he expects to strike a partnership deal with a major medical technology company to bring it to market in North America and Europe.

Hi-tech surgical equipment is being used increasingly in modern hospitals to help surgeons do a better job, most notably with the da Vinci surgical robot from Intuitive Surgical.

The current experimental version of the iKnife cost Takats and colleagues at Imperial around 200,000 pounds ($300,000) to build. Takats said the price would come down once it entered commercial production.

The research was welcomed by health minister Lord Howe, who said it could benefit both patients and the health service by reducing the number of people needing secondary operations for cancer.

The iKnife may also have a place beyond cancer, according to Takats, since it can identify tissue with an inadequate blood supply, as well as types of bacteria present in tissue. ($1 = 0.6613 British pounds)

Source: http://feeds.reuters.com/~r/reuters/scienceNews/~3/r_YmFCS7_tw/story01.htm

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Wednesday, July 17, 2013

Baidu Agrees To Buy Chinese Android App Distributor 91 Wireless For $1.9B

Screen Shot 2013-07-15 at 8.44.15 PMHere’s a sign of how valuable China’s biggest alternative app stores have become. The country’s leading search engine, Baidu, just signed a memorandum of understanding to acquire 91 Wireless for $1.9 billion from NetDragon. 91 Wireless runs some of the country’s biggest smartphone app distribution platforms through 91 Assistant and HiMarket. An independent research firm iResearch put the company as the top third-party distribution platform in China by active users and accumulated downloads. Because Google Play isn’t available in China and the Android platform has quickly overtaken iOS there in the last two years, independent Android app stores like Qihoo 360′s app store and Wandoujia have flourished. 91 Wireless says 10 billion apps have been downloaded to date through its marketplaces. Baidu has its own app store as well, but this is a way for them to assume more market share. The 91 Wireless subsidiary, which started back in 2007, had grown so quickly that its owner, NetDragon, was considering spinning the unit off for an IPO on the Hong Kong Stock Exchange. If this deal goes through, that IPO will get cancelled. NetDragon will receive $1.09 billion from the deal, given its 57 percent share. Baidu says it will buy the remaining shares from minority shareholders on similar terms.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/tPiBNnYF_5o/

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Tuesday, July 16, 2013

?Cans for Cancer? fundraiser continues

The Surrey can collection campaign to raise money for the Canadian Cancer Society is continuing.

Sahil Sidhu, 11, and his brother Armaan, 7, have been collecting bottles and cans as a fundraiser for the society in honour of their late mother, Balwinder Kaur Sidhu, who recently lost her battle with esophageal cancer.

Originally, the boys? goal was to raise $3,200. But by June 27, which would have been Balwinder?s 32nd birthday, the siblings had already brought in $16,000. (Incorrect information appeared in The Leader on July 2).

The pair is now aiming to collect $32,000 in total, and four Surrey bottle depots have come on board to help.

The community can bring bottles and cans to any of the locations listed below, and specify that the funds go to ?Can4Can.? The deposit money will be credited to the ?Cans for Cancer? fundraiser created by the Sidhu family.

Participating depots are:

? Cloverdale Bottle Depot ? 6-17918 55 Ave., 604-576-6777.(If large quantities, they will sort).

? Panorama Village Return It Bottle Depot ? 112-15157 Hwy. 10, 604-579-0208. (Self -sorting).

? Newton Bottle Depot ? 13245 72 Ave., 604-596-9266. (Self -sorting).

? Fleetwood Bottle Depot ? 15093 Fraser Hwy., 604-585-3544.(Self sorting).

In addition, the Sidhu family is still collecting bottles at their home, at? 6638 130 St.

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Source: http://www.surreyleader.com/community/215114401.html

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Monday, July 15, 2013

Floating Nuclear Power: Inside Russia's Reactors at Sea

The U.S. and Russian navies have long used nuclear-powered submarines, aircraft carriers, and icebreakers. But a new kind of nuclear power is coming. Russia's Akademik Lomonosov, currently under construction, will be a floating power plant with two 35-megawatt generators designed to supply power to hard-to-reach Arctic communities straight from the ship.

After years of delay, the Rosatom State Nuclear Energy Corporation says it plans to build this first ship by 2016 and to ramp up to four to six in the near future to power up remote cities and industrial areas cut off from the regular power grid.

Rosatom spokesperson Denis Perkin says the new ship?which is not self-propelled and must be towed to a semipermanent pier site?can offer electric power and heat supply, simultaneously offering a desalination plant run by the reactor's excess heat, producing "both electric power and high-quality fresh water."

Paul Genoa, senior director of policy development at Washington, D.C.'s Nuclear Energy Institute, says, "It is an exciting idea to bring power to communities that are really off the grid." But we don't know much yet about the risks of operating a floating nuclear plant.

The Akademik Lomonosov's reactors will be similar to the small nuclear reactors available today, Genoa says. Intensely pure distilled water sealed within the two reactor's primary loop will be continually reused to cool the main fuel source. The nuclear reactor will heat water in a secondary loop, turning it to steam to rotate turbines and create electricity, before that steam condenses back into water. A third condenser filled with water?which doesn't mix with the two loops?cools the second loop and will likely grab saltwater for the purpose.

Waste heat from the reactors isn't hot enough to convert to steam, but would be enough to drive the ship's desalination process, either a reverse osmosis method or an electricity-driven approach that pushes water through a membrane. "Combining production of fresh water with electricity is a really big deal, and these reactors will be very useful," Genoa says.

Russia will use this first ship to provide power and water to the Arctic town of Vilyuchinsk in Russia's far-east Kamchatka region. The ship can dock to a newly built pier and connect with the city's power grid with power and steam lines. Over the course of the 40-year lifespan of the ship (which will also house a crew of 69 people) the fuel will only need to be recycled every 10 to 12 years, Perkin says. The electricity produced can power a city of 200,000 and offer 63 million gallons of fresh water daily. The two modified KLT-40 light water reactors will produce about 70 megawatts total, a size well-suited for small cities and industrial areas, Genoa says.

With the process overseen by Russian state agency Rosenergoatom, the Akademik Lomonosov is under construction in Baltiysky Zavod St. Petersburg plant. More than 90 percent of the new ship's hull is complete, and the two turbogenerators have been installed. The two nuclear reactors remain ready for installation, and the first batch of fuel has been produced. However, it will take three more years to piece together all the components, move the ship to it final location, and complete preparations there.

Rosatom says design standards exceed all theoretical loads possible, even if the ship is struck by a tsunami wave, hits another ship, or runs aground. And though the idea of floating nuclear plants surely sounds dangerous, it's not so far out compared with what the world has now, according to Jeremy Whitlock, reactor physicist at Atomic Energy of Canada Limited's Chalk River Laboratories.

"Ship-based nuclear plants have operated safely for 60 years, including in proximity to cities, so I have no reason to doubt the safety of Russia's plans," he says. "I certainly would feel no safer if a natural gas operation were being planned near a city, especially if we start comparing the risks of LNG [liquified natural gas] tankers. At the same time we have to recognize and address the social side of the safety equation, which is what drives the concern in this case. People are not safe unless they feel safe, regardless of technical argument."

Bill Garland, emeritus engineering physics professor at Ontario's McMaster University, agrees: "There are many ship and submarine vessels powered by nuclear that have operated for decades. That has to count for something."

Indeed, Russia's floating nuclear power plant won't be the first ever attempted. The U.S. Army had a reactor program in the 1960s that outfitted the Sturgis ship with a 10-megawatt reactor and tested it for 11 months on the Potomac River, powering a nearby base, before it operated for nearly a decade at the Panama Canal.

But Russia is the only country today proposing floating plants. As far as regulating a floating power source, Genoa says Russia alone will be responsible for permits and safety standards?beyond following the International Atomic Energy Agency regulations?because the plant will operate within their country, not in international waters.

Follow Tim Newcomb on Twitter at @tdnewcomb.

Source: http://www.popularmechanics.com/science/energy/nuclear/floating-nuclear-power-inside-russias-reactors-at-sea-15695888?src=rss

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Sunday, July 14, 2013

Idris Elba Goes From ?Pacific Rim? to South Africa in ?Mandela? Trailer

Idris Elba is having a great weekend.

The British actor, known for his work in ?Luther? and ?The Wire,? is currently battling alien monsters in ?Pacific Rim? and can also be seen playing Nelson Mandela in the just-released teaser trailer for ?Mandela: Long Walk to Freedom.?

The biopic about the South African leader comes at a sad time as the real Mandela struggles with health issues. Elba seems uniquely prepared to play the role of the South African freedom fighter. The scene in ?Pacific Rim? in which he rallies human fighters against the invading alien monsters??Today we are cancelling the apocalypse!??can be viewed as a sci-fi warmup for this more serious role in ?Mandela.? Yes, ?Pacific Rim? is just a fantasy film. But didn?t Mandela?s victorious battle against apartheid begin as a dream as well?

Watch the teaser for ?Mandela.?

What do you think? Leave your thoughts in the comments.

Follow me on Twitter @cjfarley

Source: http://blogs.wsj.com/speakeasy/2013/07/13/idris-elba-goes-from-pacific-rim-to-south-africa-in-mandela-trailer/?mod=WSJBlog

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Saturday, July 13, 2013

DREAMer's Post-DOMA Big Day: Annual DREAM Graduation includes wedding ceremony for prominent activist and her partner

Tuesday was a day of celebration for Prerna Lal. Not only was it her wedding day, but she also had the opportunity to make a meaningful statement about a pressing issue.

The undocumented, queer-identified, immigration-rights activist has dedicated 14 years ? half of her life ? to immigration advocacy since her family brought her to the United States from Fiji. During her family's residency-application process, Lal passed the threshold of turning 18, removing her from her family's application and sending her alone to the back of the immigration waiting line and a legal nightmare of deportation proceedings.

(Photo by John Riley)

But Lal's fate changed June 26 after the U.S. Supreme Court ruled Section 3 of the Defense of Marriage Act (DOMA) unconstitutional, paving the way for same-sex binational spouses to be recognized by the federal government and making the foreign-born spouse eligible for a green card.

With that barrier lifted, Lal's partner, Lindsay Schubiner, suggested getting married so that Lal could finally obtain her green card and stay in the U.S. permanently.

Because Lal has long been an important leader in the fight to obtain legal status for undocumented youth ? a "DREAMer," so named for the proposed Development, Relief, and Education for Alien Minors (DREAM) Act ? the couple felt it fitting to combine their wedding ceremony with the annual "DREAM Graduation," a symbolic event where youth activists in the immigration-rights fight gather and receive diplomas for their work and advocacy on behalf of the cause.

"We're trying to celebrate the intersection of our communities, that some of us are queer, that some of us can get relief from deportation by getting married, if we have bona fide marriages," Lal said of her decision to hold a symbolic wedding ceremony alongside the DREAM graduation. "Graduation is one of those markers in life, just like marriage is, so we decided to combine those two events together and have a celebration of both."

Dulce Guerrero, a young DREAMer from Georgia and one of the organizers of the July 11 event, said the graduation, which was sponsored by the National Immigrant Youth Alliance,?DreamACTivist.org?and the LGBT-focused Immigration Equality organization at the Lutheran Church of the Reformation on Capitol Hill, serves as a chance for young activists to talk about their accomplishments working on various initiatives, from stopping deportations to pushing for in-state tuition rates for undocumented students.

"The wedding came into play after the Supreme Court ruling on DOMA," Guerrero told?Metro Weekly. "It meant a lot to the immigrant families and partners who will now be able to sponsor their loved ones. So we also decided to celebrate the wedding of Prerna and Lindsay. Prerna's very well known and loved by everyone, so we wanted to celebrate that."

Surrounded by friends, fellow activists, and several youth who either donned caps and gowns or T-shirts reading "I Am Undocumented," Lal and Schubiner exchanged vows following the DREAM Graduation. As the couple walked down the aisle to leave the church after the ceremony, organizers led the crownd in chants of "Undocumented! Unafraid!" or "Sin papeles! Sin miedo!" as they had throughout the preceding graduation ceremony.

Following the event, Lal explained that Tuesday's ceremony was merely symbolic, but added that it would "probably be more exciting" than her official state-recognized marriage ceremony, in which she and Schubiner will be signing a marriage certificate. She said the symbolism was important to draw attention to the fact that, due to the recent Supreme Court decision, some members of the undocumented and queer communities, which overlap, can now cement their status as citizens.

Lal says she's already seen some same-sex binational couples from other states making treks to the District or the 13 states with marriage equality to wed and remove the threat of deportation.

"The great thing about immigration is that place of marriage controls," Lal told?Metro Weekly.?"All you need is a bona fide marriage. You can live in Utah, travel to California, get married, and you're fine. It's sad for people who are too old to travel, or too poor to travel, but if you can get to any of the states that let you marry, you can get your green card."

Source: http://www.metroweekly.com/news/?ak=8472

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Friday, July 12, 2013

NASA's Student-Designed Arctic Explorer Survives Its First Tundra Test

After a five month expedition to the wilds of Greenland, the GROVER (Greenland Rover and/or Goddard Remotely Operated Vehicle for Exploration and Research) has returned, intact and toting some valuable climate data. Not bad for an ROV developed by engineering students.

Sure the GROVER only travelled a total of 18 miles during its five-week shake-down run but the trek has given researchers valuable insights into future design improvements as well as valuable data regarding 2012's massive ice sheet melt-off. For one, the GROVER did not run 24/7 under the never-setting arctic sun as it was originally meant to. The region's extreme conditions forced the research team to dial back its operating limit to just 12 hours per charge. What's more, Greenland's varied icy terrain played havoc with GROVER's treads, demanding repeated adjustments to the system's traction control, power, and speed (all 1.2 MPH of it) to prevent it from miring in the tundra.

?This is very common the first time you take an instrument into an environment like Greenland,? Hans-Peter Marshall, the project's science advisor, said in a press statement. ?It?s always more challenging than you thought it was going to be: Batteries don?t recharge as fast and they don?t last as long, and it takes computers and instrumentation longer to boot.?

Mobility issues aside, the GROVER did collect valuable data on Greenland's ice sheet formation. Specifically, the rover used its radar array to successfully detect a newly-formed layer of ice created from a massive summer meltoff last year and measure its thickness. Now that the GROVER is safely back at base camp, NASA researchers have already begun upgrades. Future iterations are expeted to run longer, stronger, and maybe even harbor packs of smaller drones. ?One thing I can imagine is having a big robot like GROVER with several smaller ones that can move radially outwards to increase the swath GROVER would cover,? Marshall said. ?Also, we?ve been thinking about bringing back smaller platforms to a larger one to recharge." Soon, the barren Northern wastes could be populated by slow-crawling, radar-blasting scientific motherships. [TG Daily]

Source: http://gizmodo.com/nasas-student-designed-arctic-explorer-survives-its-fi-731425118

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US Senate to scrutinise Chinese purchase of meat producer Smithfield

Posted on July 11, 2013, Thursday

WASHINGTON: Chinese plans to buy America?s Smithfield Foods ? the world?s biggest pork producer ? will face intense scrutiny when US senators question Smithfield?s chief executive about food safety and foreign ownership.

The proposed US$4.7 billion purchase by Shuanghui International would be the largest acquisition ever of a US company by a Chinese concern. Experts on the US review process expect the deal to be approved despite opposition from farmers, food-safety groups and rural communities.

Smithfield chief executive Larry Pope has vigorously defended the deal since it was announced in May and said it would not harm US security or food safety.

?Shuanghui recognises Smithfield?s best-in-class operations, outstanding food safety practices and 46,000 hard working employees,? Pope said in May. ?There will be no impact on how we do business operationally in America and around the world as a result of this transaction.?

Approval ultimately lies with the Committee on Foreign Investment in the United States (CFIUS), the interagency panel headed by the US Treasury that reviews foreign investments for national security threats.

Senators have raised questions about the company?s future compliance with food safety and biosecurity standards and safeguarding of intellectual property if the deal goes ahead. Concerns have also been raised about foreign ownership of the US food supply.

CFIUS experts largely believe the deal will be approved. Smithfield would still be subject to US food safety requirements, and the company has said the merger is driven by growing pork demand in China, not a strategy to export pork to the United States.

?Investors should view (the committee hearing) as a political exercise that is not likely to have a substantive impact on the transaction itself,? Mark McMinimy, an analyst at Guggenheim Securities, wrote in a research note. ?Congressional hearings have not derailed these kinds of transactions in the past.?

Recent scandals in China have fueled food safety concerns. Among the problems have been thousands of pig carcasses found floating down a river and milk tainted with the industrial chemical melamine that killed six and sickened thousands.

In June, a fire at a chicken-processing plant in northeast China killed 120 people.

Usha Haley, a professor at West Virginia University who has researched business in China, opposes the deal and will be one of the witnesses at yesterday?s hearing.

She wrote in USA Today that Shuanghui has had ?outrageous food-safety violations and a history of food adulteration.? She also said that Shuanghui is highly subsidized by the Chinese government and the deal would have negative implications for the stock market and valuations of other food producers.

On Tuesday, a coalition of 17 organisations representing farmers, rural communities and food safety groups, urged rejection of the Smithfield deal in a 12-page letter to members of CFIUS and others, including USDA Secretary Tom Vilsack.

They fear Shuanghui will seek to export pork to the United States and said the deal ?facilitates risky meat exports from China.? Shuanghui has not expressed an interest in exporting to the United States. ? Reuters

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Source: http://www.theborneopost.com/2013/07/11/us-senate-to-scrutinise-chinese-purchase-of-meat-producer-smithfield/

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Monday, July 8, 2013

Tornado Trading System | Don't Gamble | Trade With Confidence

Tornado Trading System - Trade Stocks and Options Like a Wall Street Professional Don't Gamble, Earn More On Returns Safely and Trade With Confidence Get ready for a whole new way of looking at your investments. You can stop worrying about the economy and the so-called recession because this "underground" trader is about to tell you how... With My System You Can Make Money from the Stock Market During the Recession... No Matter How Bad the Economy Gets! And You Can Do It In 15 Minutes a Day! It's time to STOP watching your portfolio shrink, and START doing something about it! Keep reading to discover exactly how to create a huge monthly income by making a killing from the market REGARDLESS of whether it goes up or down! (This is NOT just for "Traders". This is also for ANYONE who has money in the stock market, or who wants to START making real money from the market... even if you've never made a trade in your life.) (NOTE: The course contains FULL SIZE videos so you can see exactly what is happening.) From: Bauser Moretti Date: Penny Stock Castaways FREE 137 Page eBook Little known technique produces surging profits First Name: Email: We respect your email privacy Dear future "elite" trader, L et me tell you something I hate, and then I'll tell you something I love. I HATE seeing good people lose money in the stock market. Nobody likes losing money. I've been there and done that. Perhaps that's why I have compassion for the millions of people who are currently losing so much of their financial worth. People are losing their stock portfolios, losing their 401k's, losing their jobs due to the sour economy, and just generally getting spanked by Wall Street. Unfortunately, I can't help the "masses" avoid financial loss. It's just a part of how the game is played. Someone is always going to lose money. However, I CAN help those who are willing to help themselves. And since you're here reading this page, that includes you :-) In other words, someone is always going to lose money, but that "someone" DOESN'T have to be you! And what do I love? I LOVE empowering people to achieve success in their lives. So I guess that this love and hate are what motivated me to create the The Profitology Trading System for you. You will NOT find this system being taught by ANYONE else, and it absolutely has the potential to drastically change your life for the better! However, I'm NOT going to feed you a bunch of "get rich quick" hype, because that's not what the course is about, nor is it my style. Instead, I'm going to get straight to the point and just tell you... What this course is all about What it will do for you What is included And how you'll be able to access it This Has Been 20 YEARS In The Making! First, I want you to know that this program was NOT just conceived in the last few weeks and packaged as a product to sell. This course is the result and culmination of 20 years of thinking, planning, learning and practicing the material that you will receive. The reason why I decided to teach you my methods is revealed in this letter. I'm not going to hide anything. I want to be very clear from the outset... Unlike many people who teach options and growth stocks , I am NOT a former market maker or specialist or a licensed professional in the financial industry. I am a retail investor just like you . The difference is that I found a way to be successful and profitable trading stocks and options as a REAL business from my home office. The business methods I useare also usedby professional hedge fund managers and market professionals who rarely, if ever, talk about their strategies. So you're probably asking yourself, "Why would he give away these secrets?" To answer that question, I will tell you that there are three reasons why I want to teach you this business... 1) There's no reason not to teach you my secrets. Seriously. I have nothing to lose. The markets are huge and worldwide and anyone can trade them without decreasing the opportunity. In fact it would only make things better. The more traders, the more money we can make and the more liquid the market becomes. It's really a win-win-win. Unlike other businesses - such as the one I have been involved in for the last 9 years (Internet marketing)- this business only gets BETTER as more peopledo it. 2) I am a business person but I am alsoa teacher. I have been teaching people how to use the Internet to start a business since 1999.I have taught thousands of people how to make their living online soteaching issomething I love to do. There are not many people who really understand this business and are willing to teach it to others. 3) Frankly, a little extra money from selling this course means more I can put to good use in mytrading business. Obviously I put my money where I get the largest return for the amount invested.Most of themoney I make from selling this course goes directly into my trading business. I don't know what your abilities are or how fast you can learn this business as I teach it, so I will never tell you how much you could make but 5% (or much more) per month is a very reachable goal. Returns can be as high as 62.5%(ROM) - that's $1,000 for every $1,600 invested. But let me explain why this course is different from anything you may have seen before... Most people think the markets are too risky and their approach is "Hit or Miss", pure speculation, or worse... GAMBLING! I will tell you right now... my trading system is NOT gambling! Bottom line: I treat trading as a real business. In fact, I don't even consider myself to be an 'investor' or 'speculator' or 'trader' in the traditional sense. The truth is, and this is exactly how I see myself: I am an entrepreneur . As an entrepreneur I seek opportunities in the market as well asengage in buying and selling activities to generate the highest return on my investment and then simply manage my risk. My product is options and growth stocks . I buy and sell them to make money. All businesses buy and sell to make money - I just do it with stocks and options. All good businesses manage based on numbers and ratios - I do the same thing - I manage by the numbers! All businesses plan for profits andcreate opportunitiesfor the largest return on investment (ROI) possible - I do too, except Icreate opportunitiesfor the largest return on margin (ROM). I know exactly what my maximum profits are going to be before I place a trade. I don't guess or speculate - I have a plan. Then I simply manage the position and, if necessary, adjust my positions to remain profitableor cut my losses through smart risk management technics and collect my profits at the end of the trading cycle (monthly). This is an "Evergreen Business" . Even as the markets shift, and the economy changes... this system will always work! This business will never change...the principles, once you learn them, are yours forever. You could learn these and hand them down to your children and grandchildren. The basics of this business will never change because the underlying the principles will never change. That's why I callit an 'evergreen' business. Unlike franchises or other types of consumer or business-to-business markets, the stock and option marketshave been around for hundreds of years. And even though the markets move and change in some ways, the principles have been the same for the past 200+ years. How did I discover how to start a stockand option business? One day I woke up one day to find a little extra cash sitting in a money market earning 1.5% a year. The next year it was earning 3%... wow - 3% a year. I felt my money should be put to better and more productive use and I started looking into all kinds of franchise opportunities and other businesses to invest in... but they all had one drawback - the financial investment was large but so was the investment of time ... something I really didn't have as a father of four. So after years of 'hit or miss' trading I started thinking abouttrading as a real business about 2 1/2 years ago- buying and sellingstocks and options asa 'business'. I didn't know if it could be done, but the idea intrigued me. I knew somebody, somewhere was making a killing in the markets and I was determined to find them, learn everything they know and make a killing of my own. I was determined to run my trading as a business , not as a gambler, and that meant looking at opportunities,supply and demand, marketplace dynamics and managing my business based on solid business fundamentals: profit, loss, expenses, overhead and return on investment. Like any business my only concern was to buy something that I could sell at a profit - and with enough of a profit margin so that my expenses (although small) were covered leaving me with a consistent and reliable income. The business of trading has all of these advantages. Once you know the system, this business can be managed in 15 minutes a day. It has all the makings of the 'perfect' business! The problem with creating a business based on the markets is that it seems like they are consistently changing and there is a lot of risk! As you know, the markets go up one day and down the next! I was really confused which way the market would turn, and since I hated the idea of losing money I tried to "predict" the market's direction because that's how I THOUGHT money was made. I got really, really good at 'technical analysis'... I THOUGHT that it held the key to profits... if I could tell where the market was headed it would be easy to make money, right? I learned all about waves and candle sticks, MACD, ADX, CCI, Bollinger Bands and Fibonacci and hundreds of chart 'patterns'... and I thought I 'knew' something' about the future of the market! Frankly, technical indicators are like crutches - they only help to support and validate your trading ideas already formed in your mind. They do not help you become a better trader or see the reality of the market. There are only 3 technical indicators you need to run this business: support, resistance and trend lines. That's' it. We keep it simple. Simple makes me money. I also discovered the TOP 1% of all traders do the EXACT opposite of what I tried to do when I first got started (predict the market)... The fact is... Top traders NEVER try to predict the market they only manage risk. Most of the elite traders don't care if the market goes up or down - they make money either way. They use charts sparingly. All top traders do is managetheir riskand take advantage of the only truths of the market - the ONLY absolute truths of the market. For stocks that ONE Absolute Truth is this: 1) All stocks fluctuate in price. For options there are two Absolute Truths: 1) All options fluctuate in price and 2) All options expire. The top traders learn to respect these rules because they are the ONLY truths of the market. You might think there are other truths but there aren't-- Everything you hear about the market outside these 2 rules is hearsay, opinion, commentary and even complete fantasy. Of course you will never hear anyone on CNBC even mention these 2 rules because they would have nothing to report! Can you imagine Maria Bartiromo saying, "Prices fluctuated today. Have a nice evening everyone! I'm outta here!" I don't think so! So the top traders respect these rules because they are so powerful and it helps them cut through the 'market noise'. Then they design their trading business around these rules to TAKE ADVANTAGE of them. Once they see an opportunity they jump on it and simply managetheir business'by the numbers' and, for me it takes 15 minutes - sometimes less - a day. How much can you make? Frankly, it depends on your capital, ability to learn, and your ability to maintain your discipline in this business. Don't be concerned about how much you have to start your investment business (even though I had a considerable amount of money I could invest, I started mine with a small amount so I could learn this business). Just learn the skills and reinvest your profits - they will grow quickly. Have you lost your CONFIDENCE? If you've lost money in the market it can destroy your confidence . My system will allow you to trade with 100% confidence again because instead of hoping to make a profit by guessing what to do, you'll have a plan. Remember what I said at the top of this letter... this is not about hype. I will never guarantee you will make money with this business because I can't tell how you'll use the information that I'm going share with you. Your success in your investment business depends on only one thing: The decisions YOU make. The only way for you to make the right decisions is by having superior knowledge. Once you understand how to REALLY make money, you will trade with total confidence. That's what I can do for you and I do not say it lightly, it's true. Also, I cannot give you official investment advice because I am not an investment adviser registered with the SEC and I am not a CFP (certified financial planner), so if you watch the videos and you see me trading a certain ETF or stock please do not interpret it as a recommendation. I can show you exactly what I do, and how I do it. I'll teach you virtually everything I know about this business; but the actual decisions you make with your money is up to only one person: You. I can tell you with a high degree of certainty though - There is no one who will tell you what I will share with you. No one. You could pay $5,000 or more to attend the top trading seminars, and you still won't learn what I'm going to teach you! I went to a $5,000 'high level', 'super advanced' seminar last year put on by a 25 year veteran - a former floor trader and market maker in options on the CBOE. I went to another 2 years ago that costs $3,000 and I got one tip from it - how to tell if a stock is in a "channel"... no kidding, that was it! 3,000 dollars! What I'm going to teach you will blow away anything that I learned in any of these seminars. I'm not kidding. In fact, I'd say, in truth, they were almost a waste of my money. I say 'almost' because they did help a little butthey lacked practical application of the knowledge they presented - it was mostly theory that left the attendee no better off, in practical terms, than they were when they started. Thiscourse isthe real deal... It really works and very few people (evenprofessionals)teach anyone how to do this. I know this for a fact because I've talked to some of the pros, and either they don't know this system, or else they are not willing to admit it. But there are a few guys who really know this stuff inside and out (one guy is sort of teaching this and the others are not teaching it at all ). I found them and picked their brain over and over until I figured it out and came up with a system based on what they told me. Most of them didn't even know how to explain what they do-- it's like instinct to them and they couldn't express what they did in a step-by-step coherent way, so I really had pull it out of them. Then I put together what I learned, and came up with a complete business system that anyone can follow. I'll just say that I think it will surprise you how profitable and easy it is to run - and just 15 minutes a day is all you need. On the other hand, if you want to make this a full-time business - you can! There are plenty of opportunities to make even more money if you have more time to devote to this business. So let's see if you're the right kind of person to take this course: Have you been in the market as an investor and been disappointed with the results? Do you stay away from the markets because you think they are too risky? Are you confused by technical and fundamental analysis? Would you like to stop GUESSING which direction the markets are going, and take the professional approach to trading as a business? Does the idea of managing your business 'by the numbers' make sense to you? Does the idea of trading stocks and options as a real business sound good to you? If you answered 'YES' to any ONE or more of the questions above, I think you would be a good candidate for this training. Here's what you'll be getting in the course... There are a total of 41 videos within the course. The videos are grouped into several "Modules", with each Module containing 'hands-on' videos walking you through the topics covered. We use videos because you can SEE exactly what to do as you learn, and you can watch them over and over again (if necessary) to review and build your understanding. You can watch these videos directly on your computer...we will give you a username and password to access them anytime of the day or night - whenever it's convenient for your schedule. In addition, you will have permanent access to these videos and you will also receive any new ones we add at a later date! The Modules in the course include: 1. INTRODUCTION TO TRADING AS A BUSINESS& TRADING WITH CONFIDENCE This Module is designed to introduce you to a new way to trade stocks and options- as a business. Emphasis is on risk management and building a portfolio of trades that can be managed 'by the numbers'. Learning the craft, acquiring the skills required to be successful in this business. This Module contains over 4 hours of great teaching! 2. THE GREEKS - MANAGING BY THE NUMBERS The 'greeks' play a critical role in your trading business. I totally de-mystify them and tell you exactly what the greeks are and, in practical, easy to understand language demonstrate how they impact your business. The greeks are the numbers you need to understand to manage your portfolio profitably. Special report included! I'm also including the most comprehensive, yet easy to read 5 page CONFIDENTIAL REPORT on how to profit from "The Greeks" available in the world (yes, the world, and no, I'm not kidding). 3. TRADE SELECTION AND STRATEGY We've set the stage, now it's time to get on with the work at hand. This is where things get good and interesting. What positions do we take? How do we determine when and how? Do 'charts' matter? What is the big picture behind what we're doing? This Module goes in depth with FIVE videos covering EEM, ADSK, DIA, SPY, and IWM (Don't worry, you'll understand it all later!) 4. PORTFOLIO BUILDING Build a portfolio by putting on positions that work together. This is where many traders go wrong - they put on individual positions and do not understand how they affect your overall portfolio. You'll discover why diversification in time frames, prices and strategies is a key to making money. This is simply fundamental to being a good investor. 5. THE TOOLS OF THE TRADE ThinkorSwim (TOS), in my opinion is the best broker and has the best trading platform available. If you had to pay separately for the kind of analysis tools they give you as an account holder it would cost you many hundreds of dollars a month in fees - with TOS they're free. I take you inside the TOS platform and help you access the power you have at your finger tips. (There are other programs/software that you can use to analyze your trades, but TOS is also free when you open an account.) 6. PORTFOLIO MANAGEMENT BY THE GREEKS, ADJUSTMENTS, VIX and More... Now that we have built our portfolio, how do we manage it by the numbers? We learned the greeks, so now it's time to put them into action. The key to success is knowing how to look at the numbers and know, without a doubt, what they mean and what to do with them if anything. This module includes 5 killer videos with real life examples as I manage a portfolio. 7. THE ART OF ADJUSTMENTS - THE SECRET KEY What happens when our numbers don't look good? This is where 99% of all traders get killed in the market... they have no clue what to do when a position goes against them and they lose money. It's too bad because most trades can be saved to make a profit! Imagine making one small change to your position and increasing your odds of making a profit by 80%! That's what adjusting can do for you! In Trading As A Business, we KNOW what to do. We trade with confidence. We know and understand that when a trade goes against us it's an OPPORTUNITY to add to our portfolio by adjusting. I call it Smart Allocation of Capital. The art of adjustments is the missing link in trading options and stocks that almost no one teaches. 8. CLOSING POSITIONS How and when to close positions, and how to close them for maximum profits. The risks of holding positions into expiration week. When and how to 'buy' short-term insurance to protect your profits and increase your wealth in expiration week. How to close positions and get free trades left over that, although small, have a chance of DOUBLING our profits. This module contains 5 videos, and the key theme here is MAXIMIZING our profits! 9. THE BIG PICTURE - TECHNICAL ANALYSIS What kinds of technical analysis help us in our business? There are only a few key analysis tools that can help you determine the probabilities of market direction and I tell you exactly what those are. I'll give you insights into why the market moves the way it does. I'll also give you a historical perspective on market movements going back to 1900 and give you a realistic plan of attack for determining future market direction based on factual evidence. In the 2nd video, I dive into short-term indicators that can sharpen your edge in the markets to better time your trades. Then I tell you about an indicator I stumbled on, that predicts short-term and opening market direction with an amazing degree of accuracy close to 95% of the time as well as how to determine intra-day movements and how to tell whether money is flowing into or out of stocks and what it means for intra-day price trends. This module contains well over 3 hours of solid teaching. 10. ADVANCED TECHNIQUES AND EXPLOSIVE WEALTH BUILDING STRATEGIES Not even one of these strategies requires any knowledge of 'technical analysis' - it can help, but it's not required. These make money whether the market goes up or down. These are strategies you can manage based on 'the numbers'. One important thing I should mention: There are ways to make money that are NOT obvious. For example, Strategy #1 is something I have been studying for years, and it works every time and cannot fail to work. 11. Explosive Strategy #1 Using this one method I turned a $14,000 trade into a $75,000 profit in just 8 months. The most money at risk? Just $650. That was the total amount that was at risk when this position was initiated and NO more money was ever put into the position. Amazing profit/loss ratio. And it doesn't matter if the stock goes up or down but does require an longer time frame- 6 to 8 months. It is not uncommon for these trades to create the profits you can brag about. Want to make a killing in the market? It doesn't get any better than this. 12. Explosive Strategy #2 Another method I call "Flipping Stocks" let's me buy stocks cheaper than anyone else and if the market does not cooperate with my plan - I get paid lots of money for waiting until it does! This is for bigger players with more capital... but when you have $15k or more to put to work, these longer term trades generate explosive profits. I teach it to you in a nice 52 minute video 13. Explosive Strategy #3 This new strategy that has unlimited upside or downside potential and only $50 or so of risk! This strategy is extremely powerful and one of the biggest real 'secrets' that no one has ever discussed that I know of. Wait till you see the power of this strategy. You can make $1000's with a total risk of $50 or so. It's extremely powerful. Think there's no free-lunch on Wall Street? This isn't one either but it's as close as it gets to one! This is the perfect strategy for playing earnings reports, takeover news stocks and any stock you think will move big in any direction with little risk. 14. Explosive Strategy #4 If you want to be more active in stocks but hate the risk, you'll love this. Day trade without the risk normally associated with day trading. Can be setup to be an 'semi-automated' trading system. Very powerful and again another low risk, high earning strategy for more active participants. This strategy includes 9 videos, and I take you through some real life trades over the course of 7 days and show you exactly how I make thousands of dollars with these trades. I've also included 3 worksheets (Excel spreadsheets) for your convenience! 15. Explosive Strategy #5 If you liked the idea of the monthly income trades but were wondering how to 'turbo charge' them to make a fortune, then you will love THIS. Instead of $1000-$2000 a month you could start generating an income in the $5,000 to $40,000 a month range after learning this and with a lot less stress while trading as 'big' as you want. This last strategy is the 'icing' on the cake... the peak moment in all your hard study and will be worth 100 times what you paid for this course - maybe even more. Why didn't I reveal this until the very end of the course? Simple: You would not be able to use this strategy without a good foundation that was laid out in the earlier Modules. Everything we have learned thus far has been leading up to these explosive strategies. This Course Contains Over 40 Videos... Totaling Over 24 HOURS Of Me Teaching! The videos and modules are very well organized in an easy-to-navigate membership area, and they are sequenced in a perfectly logical order so that you can learn the system one step at a time. As I mentioned previously, you will not find this material anywhere else. The course will be delivered to you 100% online. I'M INCLUDING TWO FORMATS FOR YOUR CONVENIENCE: 1) Online Streaming. You can stream the videos directly in your browser (Flash videos, which are compatible with virtually all browsers), so you don't have to download anything if you don't want to. 2) Downloadable. You can also download the full resolution videos directly to your computer. This allows us to provide you with the highest quality and clearest videos for you to watch. You may make one copy of these videos on a storage device (CD, DVD or external drive) but may not allow anyone else to view, copy or share them. They are for your use only. (with the exception of your spouse) . So... what's the price? I've made this incredibly affordable so you can learn it without any serious financial stress. As I mentioned I have been to seminars for $3,000 and $5,000 and you will get much more from this course than both of those combined. I've also seen one trading course that charges $7,500 just for online access to learn the basics of options! So right there, you can see that the VALUE of this course is easily in the thousands. But I'm not done adding value yet :-) If you join today, you'll also receive these FOUR fast action bonuses... FAST ACTION BONUS #1 Inside Days Strategy Video (69 minutes) + Ebook $147.00 Value - Yours free when you join today! I created this mini-course to teach a very powerful indicator in the market, which can show you how to set yourself up for explosive profits. I use this strategy to rake in the profits time and time again. FAST ACTION BONUS #2 "Xtreme Trading" Video (50 minutes) $97.00 Value - Yours free when you join today! As you may have noticed, while I do cover some day trading in the main course, it is is NOT a "day trading course". However, I am able to apply my principles to a certain type of day trading, and I use this powerful strategy to grab profits on demand. This 50 minute video will show you exactly how I do it. FAST ACTION BONUS #3 58 Free Back Editions of the Daily Market Review $197.00 Value - Yours free when you join today! Each of these reviews is a downloadable video, so you'll be getting many extra hours of my top notch content. As if you're not already getting enough! (this is in addition to the 24 hours of videos you're already getting...). FAST ACTION BONUS #4 Monthly Trader Alerts $150.00 Value - Yours free when you join today! Each month I will email you a special trader alert with information about a trade I'm making, or other "inside info" to help you profit from the CURRENT market conditions, whatever they may be. You're just seconds away from getting full access to the complete course. Sign up now and you'll be on your way to trading success! Okay, so now I've just added $591.00 worth of bonuses onto the course. Considering that the course itself is easily worth thousands, and even the bonuses are worth over $500, I decided to price the course at $1000.00. I hope you will agree that it's a very fair and reasonable price for the entire package. However, I know that the economy has dealt a hard blow to many of the people who need this information the most. Therefore, I want to make it as easy as possible for you to become a member today. Instead of the normal price of $1000.00, I'm slashing the price like a crazed ninja! If you join today, you can have complete access to the entire program for... $1,000.00 $497.00 Only $97 Today! NO UPSELLS and No "One Time Offers" But this is a limited time offer. As I will explain below, I really need to limit the number of members I allow into the program, and if I sell it too cheap for too long, it will fill up too quickly and I'll be swamped with questions from new customers. Therefore, I'm setting a strict limit, and if we don't completely sell out, the price will continue to go up! That's not a misprint. I'm going to give you FULL access to this potentially life-changing program for only one payment of $397 Only $97 Today! You don't have to get all the material. You will get the entire thing INSTANTLY when you join today. Also, I want to let you know that there are NO UPSELLS . There are No "One Time Offers" , or anything else that you just have to buy to complete the course. You are getting the FULL course. Initially I had considered breaking it into pieces and charging extra for the super-powerful strategies contained toward the end of the course, but I decided that you should have the ENTIRE thing, and I'm going to give it ALL to you in one membership. Remember, you're getting... MORE THAN 40 VIDEOS IN THE COURSE (Plus 60 Bonus Videos) OVER 24 HOURS OF TEACHING! (Plus more in the bonus videos) Most of the other (not mine) online "educational" products out there for "learning how to trade" consist of cheesy ebooks, with little or no helpful content. So please don't go wasting another $97 (or whatever) on yet another ebook that won't help you get to where you want to be! Instead, invest in this course which will truly put the knowledge into your hands and into your mind. My course has everything needed to teach you how to make money like a pro with stocks and options. But you'll need to act fast. I want to ensure an optimal quality experience for each and every one of my customers, which means I can not sell too many memberships. For one thing, I want to make sure I'm able to answer as many of your questions as possible, and that won't be possible if I allow too many people to join. Second, I'm going to make sure that the membership area does not get bogged down by too many members. I insist that the downloads are nice and fast, so I will need to limit the membership. The doors may be closing at any time, so please grab your spot now if this is something you would like to be a part of. Are you ready to start making a killing from the market, regardless of whether it's going up or down? Yes, I want to make money with stocks and options! Yes, I want to grab a spot in this very limited membership ! Yes, I want instant access to the entire program + bonuses. Yes, I want it now before the price goes up! (This offer is ending soon) 1 PAYMENT OF ONLY $97 TODAY! (With no more payments ever.) INSTANT ACCESS! Trade with confidence! Bauser Moretti Questions? Email us at: support@tornadotradingsystem.com P.S.- You could attempt to learn this by trial and error on your own, but I assure you it will be a MUCH more costly "education" than the one I'm offering you today for a very reasonable price. It cost me years of frustration, bad trades, and huge financial losses before I figured out the "secret" system. I've watched too many smart yet "uneducated" people lose their shirts in the stock market, and I don't want to see that happen to you. PLEASE... if you're going to invest your money anywhere, get my course so you can avoid the pain. I'll show you how to trade the low-risk, profitable way that will bring you profits regardless of whether the stock market is going up or down :-) EARNINGS DISCLAIMER EVERY EFFORT HAS BEEN MADE TO ACCURATELY REPRESENT THIS PRODUCT AND ITS POTENTIAL. THERE IS NO GUARANTEE THAT YOU WILL EARN ANY MONEY USING THE TECHNIQUES AND IDEAS OR SOFTWARE PROVIDED WITH THIS WEBSITE. EXAMPLES IN THIS PAGE ARE NOT TO BE INTERPRETED AS A PROMISE OR GUARANTEE OF EARNINGS. EARNING POTENTIAL IS ENTIRELY DEPENDENT ON THE PERSON USING THE INFORMATION INCLUDED TO THIS PAGE, THE IDEAS AND THE TECHNIQUES. WE DO NOT PURPORT THIS AS A GET RICH SCHEME. YOUR LEVEL OF SUCCESS IN ATTAINING THE RESULTS CLAIMED IN THIS PAGE DEPENDS ON THE TIME YOU DEVOTE TO THE IDEAS AND TECHNIQUES MENTIONED, YOUR FINANCES, KNOWLEDGE AND VARIOUS SKILLS. SINCE THESE FACTORS DIFFER ACCORDING TO INDIVIDUALS, WE CANNOT GUARANTEE YOUR SUCCESS OR INCOME LEVEL. NOR ARE WE RESPONSIBLE FOR ANY OF YOUR ACTIONS. MATERIALS IN THIS PAGE MAY CONTAIN INFORMATION THAT INCLUDES FORWARD-LOOKING STATEMENTS THAT GIVE OUR EXPECTATIONS OR FORECASTS OF FUTURE EVENTS. YOU CAN IDENTIFY THESE STATEMENTS BY THE FACT THAT THEY DO NOT RELATE STRICTLY TO HISTORICAL OR CURRENT FACTS. THEY USE WORDS SUCH AS ANTICIPATE, ESTIMATE, EXPECT, PROJECT, INTEND, PLAN, BELIEVE, AND OTHER WORDS AND TERMS OF SIMILAR MEANING IN CONNECTION WITH A DESCRIPTION OF POTENTIAL EARNINGS OR FINANCIAL PERFORMANCE. ANY AND ALL FORWARD LOOKING STATEMENTS HERE OR ON ANY OF OUR SALES MATERIAL ARE INTENDED TO EXPRESS OUR OPINION OF EARNINGS POTENTIAL. MANY FACTORS WILL BE IMPORTANT IN DETERMINING YOUR ACTUAL RESULTS AND NO GUARANTEES ARE MADE THAT YOU WILL ACHIEVE RESULTS SIMILAR TO OURS OR ANYBODY ELSE'S, IN FACT NO GUARANTEES ARE MADE THAT YOU WILL ACHIEVE ANY RESULTS FROM OUR IDEAS AND TECHNIQUES IN OUR MATERIAL. Members Login | Disclaimer | Affiliate Minisite Design

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