Looks to be a broad introduction to reading and understanding Emacs Lisp

G.Nelson

Blanchard, Dave. “Manufacturers’ Big Squeeze Puts Pressure on Supplierss.” Industry Week/IW 262.5 (2013): 40-41. Academic Search Complete. Web. 10 Oct. 2015

In light of the recession, Dave Blanchard explains in his article, “Manufacturers’ Big Squeeze Puts Pressure on Suppliers,” manufacturers are looking for ways to shore up cash flow. Large companies are looking to expand their payment arrangements to their suppliers for services and, or products rendered from 45 to 70 days. For the small to mid-sized suppliers of larger companies, this can greatly affect the smaller company’s cash flow and profits. Smaller companies may go to commercial lending companies, banks, and request a “factoring” service. Factoring is when a bank or lending institution looks at the accounts receivable and lends the company 70% to 90% of the value therein. The bank or lending institution will, then, usually charge 1.5% to 5.5% of the “total face value of the invoice.”

Blanchard illustrates how one company in the plastic industry utilized this banking technique of factoring to expand the growth of the company domestically and internationally. I find some issues with this technique of factoring, though. If any company is relying on credit markets and tools to grow or finance the company, the company is instantly losing 1.5% to 5.5% of potential profit to banking fees. Since the big companies are rearranging their finances due to the recession, is a small to mid-sized company trying to grow when the headwinds of a recession is attempting to push them back? A couple of questions that are not directly being answered in this article: since the big companies are expanding their payment arrangements to shore up cash flow, will this drive the big company to expand business? Will this expansion help the suppliers? Or is the factoring by small and mid-sized just a domino effect of the debt crisis of 2008-09?

Even though this article is short, the article illustrates the creativity that is within the financial markets, but also illustrates the potential risks of easy debt through creative financial mechanisms. Part of the issue that caused the 2008-09 crisis was debt, specifically derivatives. Even though factoring is --assuming-- to be limited to 45 to 70 days, commercial or investment banks my be able to bundle an amalgamation of factorings by multiple companies to sell to investors of debt, and if one company, or more, defaults on the factoring because a larger company defaults on their payment to suppliers, the underlying value of the amalgamated-bundle of factorings would default and result in a domino effect; thus, a 2008-09 crisis would once again rise up to smack the GDP down.

Does the Dodd-Frank Act account for this? My next article will be Dodd-Frank specific.

G.Nelson

G.Nelson

Rugy, Veronique de. "The Municipal Debt Bubble." Reason 42.8 (2011): 20-21. Academic Search Complete. Web. 5 Oct. 2015.

In Veronique Rugy’s article, “The Municipal Debt Bubble,” she posits that the municipal bond markets are heading for a “housing-like crisis,” and with federal-incentive policies and private investors looking for a safe heaven from current market turmoil, the municipal bond market will be turning into an unsustainable financial-bubble, like that of the 2006 housing bubble.

Since the 2008 financial crisis, she states, the demand for a safe haven has pushed investors into the municipal bond markets. Municipal bond markets are relatively safe and attractive in a time of financial uncertainty: “[T]he default rate for municipal bonds has average .o1 percent annually” (Rugy). This was the perceived notion on U.S. housing mortgages before the housing crisis of 2006. Rugy illustrates that if a state or local government wants to increase spending, they must issue bonds. Bonds have been utilized to fund projects ranging from stadiums, schools, bridges, to museums. Since 2009, however, they have increased by 800% and have recently been utilized to cover “basic operational expenses” (Rugy).

In 2009, the federal government created “The Build America Bonds program, part of the American Recovery and Reinvestment Act of 2009” (Rugy). Rugy illustrates that this program was utilized to subsidize local and state infrastructure programs. Through this act, the federal government directly paid part of the interest on the municipal bond, and with private investors seeking a safe heaven from corporate bonds, and tax incentives of investing in muni-bonds, the supply of municipal bonds where quickly bought up by private investors. Private investors, along with state and local officials, believe that if the banks were “too big to fail” then surely the municipal bonds would be “too big to fail.” Rugy illustrates that this assumption has lead to risky municipal bonds being issued to localities that are near bankruptcy, like Detroit and Los Angeles. This sort of risky loans operation is what fueled the housing crisis of 2006.

Like the 2006 housing crisis, investors have started to hedge, protect themselves, from a muni-bond crisis. Investors can purchase Credit Derivative Swaps (CDS) as an insurance against failing bonds. The price of CDS can be indicative of the underlying assumptions that investors have toward bonds, and recently, the prices have been increasing, just like what happened before and during the 2008 financial crisis on corporate bonds.

Rugy believes that there will be a muni-bond crisis in the near future. Since her article, Detroit has been in an annual bankruptcy process that has written off muni-bonds, costing taxpayers billions. Similarly, Puerto Rico has had muni-bond problems, which is tied in with US muni-bonds. If enough muni-bonds fail, a domino-like effect will overwhelm not just the U.S. economy, the global economy, as well, like that of the 2008 crisis. This time, however, the Fed is more limited in resources and jurisdiction to limit the financial fallout.

G.Nelson

G.Nelson

[http://www.financialsense.com/contributors/matthew-kerkhoff/fed-s-dilemma]

Kerkhoff, Matthew. "The Fed's Dilemma." The Fed's Dilemma. Financial Sense, 11 Sept. 2015. Web. 28 Sept. 2015.

In Matthew Kerkhoff’s article, “The Fed’s Dilemma,” he examines what the Federal Reserve will do, in regards to interest rates (leave put or raise rates), when they release their FOMC Statement at the end of September 2015. Kerkhoff utilize market indicators, such as the GDP quarterly reports, jobless claims and job growth, corporate profits, tax revenue collected, personal income levels, consumer spending, consumer sentiment and confidence, yield curves, to illustrate to the reader that the U.S. economy is in a relatively strong position, and this should be a positive indicator for the Fed to start to raise rates.

Kerkhoff illustrates that the Fed has two components in which they primarily utilize as indicators to move rates or keep rates constant: “Maximum employment and price stability --defined as 2% inflation” (Kerkhoff). In regards to maximum employment, Kerkhoff utilizes the U-6 rate, “a broader measure of unemployment that includes discouraged and underemployed workers,” is relatively high (Kerkhoff). Moreover, wage growth, an individuals salary, is less than ideal, and is not showing significant growth. The Fed is, also, missing the second mandated component to raise rates: Inflation. Kerkoff depicts that domestic inflation is relatively stagnant, hasn’t moved much since 2012, and the deflationary pressures from around are working to keep domestic inflation down. Furthermore, the IMF and World Bank requested the Fed to withhold from raising rates, stating that it could have adverse affects to the many countries and markets that are currently struggling.

If the Fed were to raise rates, Kerkhoff hits on a key point about the ramifications that could ensue. A higher rate means a stronger U.S. dollar, which means the products manufactured within the U.S. are more expensive to foreign consumers. This, in turn, would lower future growth, and also, create stronger deflationary pressures, but this time from within the U.S. Kerkhoff only brushes slightly on the issue of currency wars, however, by stating that other countries are working to devalue their own currencies in order to drive growth” (Kerkoff). This move by other countries to devalue their dollars acts as a catalyst for other nations, investors, individuals, and groups to flood into the U.S. dollar to protect themselves from devaluation, thus, causing more deflationary pressure upon the U.S. economy.

At the end of September, Kerkoff sees that the Fed could go either way in how they deal with interest rates --leave put or raise rates. In the past, Kerkoff illustrates, the Fed has worked to raise rates to control a growing economy, but this time they are simply trying to maintain a “’normative’ interest rate policy” (Kerkoff). It is unusual to have rates near zero when the economy looks so “robust.” Kerkoff believes it’s best for the Fed to raise rates because of the strength of the U.S. economy, and the mandated components do not involve global growth.

G.Nelson

G.Nelson

Swagel, Phillip. "Legal, Political, and Institutional Constraints on the Financial Crisis Policy Response †." Journal of Economic Perspectives 29.2 (2015): 107-22. Web.

Phillip Swagel, former Assistant Secretary for Economic Policy at the US Department of Treasury, discusses in his essay, “Legal, Political, and Institutional Constraints on the Financial Crisis Policy Response,” that the US policymakers response to the 2007 and 2008 financial crisis was shaped by the limited legal authority and tools available to the US Department of Treasury and the Federal Reserve at that time, and how new tools and authority –access to public money and greater jurisdiction-- were made available because of the financial crisis’ “’unusual and exigent’” stresses upon the broader US economy (Swagel 107). The new tools and authority of the Treasury Department and the Federal Reserve were not imminent, but required the crisis to unfold more seriously, so that the policymakers could realize the economic emergency as more of a pressing issue and pass legislation that would grant the Fed and Treasury Department more tools.

The Treasury Department and the Federal reserve had the following tools at the ready, pre 2007 and 2008 crisis: Discount window was available for banks in need, discount in the federal funds interest rate, FDIC backing, and encouragement for investors not to fire sale their assets and to avoid foreclosure on properties. However, a majority of tools were not available for the investment or insurance institutions that held a substantial amount of subprime loans and derivatives. Swagel illustrates that the Federal Reserve’s and Treasury Department’s tools were not just underwhelming in their initial attempt at remedying the crisis, but they, also, initially underestimated the seriousness and complexity of the crisis, as did the policymakers.

At the collapse of Bear Stearns, the Treasury Department and Federal Reserve realized that more investment firms would soon collapse if new tools and authorities were not granted. Swagel illustrates that the Fed turned to its only ace in the hole: “emergency authority…[to] lend to ‘any individual, partnership, or corporation’” if a loss is not expected (Swagel 110-1). Even with the Fed’s ability to loan a limited amount of assistance, this legal authority did not give the Fed or Treasury Department direct access to public money, however. After Bear Stearns’ negotiated bailout with the Fed, it took nearly 6 more months, October 2008, to enact the “Emergency Economic Stabilization Act that created the Troubled Asset Relief Program [(TARP)]” (Swagel 111). Beforehand, the Treasury Department understood that even attempting to approach congress without a real-time economic crisis of illiquid assets and credit market seizures, congress would “loath” the idea of providing public funds to investment banks for bailouts.

Under the same tools of restraint and provisions that granted the Fed the option to bailout Bear Stearns, Swagel illustrates that it was the decision of the Fed not to bail out Lehman Brothers that led to an even tighter constraint on market liquidity and seizures within the credit market. With limited options from the Fed and Treasury Department, the unforeseen consequences of letting Lehman Brothers collapse exasperated the crisis further and put a constraint on debt markets, which affected normal government operations of securing debt. Two days after refusing to bailout Lehman Brothers, however, the Fed provided loan assistance to AIG, American International Group, an insurance company, because the Fed believed AIG to be more financially sound and important to the US economy. The deal between AIG and the Fed was not clean or clear, however, and the two are currently in litigation, today, from the deal struck in 2008. The same week of the AIG and Fed deal, TARP was proposed --which passed a few weeks later in October 2008-- and two more banks failed, WAMU and Wachovia (Swagel 117). With TARP, the Treasury Department would be able to provide financial support to the markets of $700 billion. Swagel illustrates that if the Fed and Treasury Department had the tools earlier and the foresight, the crisis could have been more contained, but the policymakers would not have been able to justify the $700 billion cost of TARP without such a monumental crisis.

Swagel contends that if another financial crisis happens relatively soon, the Fed and Treasury Department will be limited in how they can intervene because of the 2010 Dodd-Frank financial reform bill and the expenditure of an already lowered interest rate by the Fed. Politicians stumped on the promise of not bailing out businesses that were “too big to fail,” so the likelihood of congress approving another direct infusion of funds, such as TARP, would be improbable, but with the Dodd-Frank act, governments may be able to seize businesses directly to control operations and direct the losses onto the bond holders and investors, which will limit the loss to the taxpayer because of new FDIC provisions. Swagel states that by studying what happened from the 2007 and 2008 collapse, a more effective response may be garnered in a future crisis.

G.Nelson

Connects to AP Chemistry Learning Standard 6: Any bond or intermolecular attraction that can be formed can be broken. These two processes are in dynamic competition, sensitive to initial conditions and external perturbations.

Found on page 71 of the AP Chemistry Course and Exam Description:

http://media.collegeboard.com/digitalServices/pdf/ap/ap-chemistry-course-and-exam-description.pdf

Connects to AP Chemistry Learning Standard:2.B

Forces of attraction between particles (including the noble gases and also different parts of some large molecules) are important in determining many macroscopic properties of a substance, including how the observable physical state changes with temperature

Found on page 27 of the AP Chemistry Course and Exam Description:

http://media.collegeboard.com/digitalServices/pdf/ap/ap-chemistry-course-and-exam-description.pdf

Connects to AP Chemistry Learning Standard:2.A.3: Solutions are homogeneous mixtures in which the physical properties are dependent on the concentration of the solute and the strengths of all interactions among the particles of the solutes and solvent:

Found on page 25 of the AP Chemistry Course and Exam Description:

http://media.collegeboard.com/digitalServices/pdf/ap/ap-chemistry-course-and-exam-description.pdf

CCSS.ELA-LITERACY.RST.11-12.8

http://www.corestandards.org/ELA-Literacy/RST/11-12/

Whenever an observation is not fully understood, scientists try to analyze the issue from different angles. Here, the authors observed that the inhibition of dynein wasn't sufficient for inhibiting the viral uncoating completely. Therefore, they deduced that other factors were implicated with uncoating and decided to explore this possibility.

Connect to Learning Standards: http://www.nap.edu/openbook.php?record_id=13165&page=69

Progression for explanation. In a previous study, the authors observed that HDAC6 was required for viral infection. As a consequence, they continued to study the function of HDAC6 in deep detail.

http://www.nap.edu/openbook.php?record_id=13165&page=43

Science can contribute to meeting many of the major challenges that confront society today, such as preventing and treating disease.

These clothes often are stereotypes of urban bodies for black youth. In contrast, I would say that the opposite response of polo shirts, bow ties, and conforming attire that many black boys wear in an effort to fit in with the dominant culture--through assimilation--is also a form of fear.

Is the answer undefined because respect for our common humanity has no specific path? Each person must find his or her own terms of connection with every individual since we combat tendencies in varied ways when we encounter our differences.

Perhaps, when we struggle to define difference as either weakness or strength, we open the door for the challenge of racism and other social inequities. Perhaps difference, when counted as a necessary glue--a common bond--to elevate humans to being more collectively than who we are individually, is what we grapple with because we see it as isolating when we should see it as our hope for attaining our greatest human character once we see difference as a function of our collective wealth--our interdependence on each other--rather than our independence to stand in contrast to one another.

legacy = heritage = systemic inequity = cloaked hoods reminiscent of the hoods worn by KKK and their ideological superiority

I am hesitant to place this broad sense of authority on the police department. I do not think it is a department; instead, I believe it to be people cloaked in masks of justice Some believe in a false image of of others based on color: they see color and not a person, an image and not a heart, a stereotype and not a son or a daughter.

When the person in uniform starts seeing problems and not people, they take on the systemic, divisive heritage of inequity that manifests itself in racists, sexists, social hierarchies that destroy the humanity in all of us.

If a people's wealth, being, or privilege is based on standing on the backs of others, the struggle or jeopardy of the situation is that they are living on uncertain time--a time that will disappear once those who are on their backs eventually stand straight. For those who stand on the backs of others, they have not known true work for what they have attained since they have not earned what they have by their own efforts--at least not on the basis of their own grit and determination that emerged from their personal character of inner strength and resilience. They must live lives continually wondering when the dream will end, when the property will be returned to those who have rightfully fought for what is in the hands of a usurping group.

A usurped dream is a delusion, a farce, a hoax, that survives on borrowed time, terms, and values. For those who benefit from its ongoing perpetuation, the dream is more of a pending nightmare.

Yes

A powerful lesson .. a truth in America ... and a gift from a father to a son that all that comes before leads to ...

I saw this reference in a review of the book ... amazing to think about ...

A great lesson ...

How did we all get hooked into that show and its underlying narrative?

What? Is that true? or perception of the past?

Interesting ... and this is what we show and explain in school today, too, right? Peaceful protest ...

This seems to be the center of this whole piece, in my opinion.

This was the reality of despair. Or is the reality of despair. How do we fix this? How?

I don't agree. Maybe not uniquely. But evil, nonetheless.

Man. Powerful moment. I can see him. I can see his son. I see the shadows of history. And even in the sadness, I see something .. a glimmer. Perhaps, as a father, I am projecting. So be it. This is one of those moments, the lesson that will linger.

This phrase makes the political so personal, as he intends. It really hits the heartstrings .. and I feel like I am intruding here, don't you? As if I shouldn't be reading this talk between father and son ... as if annotating in the margins is infringing on that bond that the writing is creating. Or is that me?

This is a sad commentary on our times, when such an articulate man either can't find the words, or has the words but know they won't matter. Or something else I am not privy to.

Hard not to relate this piece to another great statement of African American experience: Frederick Douglass's 1841 speech “What to the Slave Is the Fourth of July?”

I'm just trying to imagine how it might make Coates son squirm to have his dad talk to him about his body. I guess I'm squirming a bit too. I'm expecting to hear about racism, but here I'm being asked to think about a body.

How do I learn best? What resources are the best ones for me?

What to consider when an application/action is considered.

However, by usinglearningcomunitiesastheforuminwhichtheycan comparetheirownjourneysascriticalyreflectivelearners, adult educators realize that what they thought were idiosyncratic incremental fluctuations in energy and comitment,privatemoralesapingdefeatssuferedin isolation,andcontext-specificbarierspreventingchange, areoftenfeaturesthatareparaleledinthelivesof coleagues.Thisknowledge,evenifitfailstograntany insightsintohowthesefelingsorbarierscanbe ameliorated,canbethediferencebetwenresolvingtowork forpurposefulchangewhenevertheoportunityarises,and falingpreytoamixtureofstoicismandcynicisminwhich staying within comfortably defined boundaries of thought and action becomes the overwhelming concern.

Look this one up

an objective set for the Sprint that can be met through the implementation of Product Backlog. It provides guidance to the Development Team on why it is building the Increment. It is created during the Sprint Planning meeting. The Sprint Goal gives the Development Team some flexibility regarding the functionality implemented within the Sprint. The selected Product Backlog items deliver one coherent function, which can be the Sprint Goal. The Sprint Goal can be any other coherence that causes the Development Team to work together rather than on separate initiatives.

Juhu.. Hva skal jeg ta meg til det sekundet? Tror jeg skal unne meg å sove litt lengre den dagen.

i should try this.

Right to publicity

Towards the end of our last conversation the text following "common appropriation" seemed an interesting place to dive into further for our future discussions.

I have tagged this annotation with "meta" because it is a comment about our discussion and where to continue it rather than an annotation focused on the content itself.

In the future I would be interested in exploring the idea of "annotation types" that can be selectively turned on and off, but for now will handle that with ad hoc tags like "meta".

I like articles and blog posts like this that have a call to action with a specific example of the action.