Business News – Stock market: Will the Dow calm down after a wild two weeks?

Inflation fears driving market jitters

Inflation fears driving market jitters

It’s been a wild two weeks on Wall Street after a historic period of calm.

The Dow started in the red on Thursday, the sixth straight day of losses at the opening bell. The Dow opened down about 100 points, or 0.4%.

Wall Street is attempting to stage a lasting rebound from Monday, when fears about the bond market sent the Dow plunging a record 1,175 points.

But trading has been choppy, and the market has swung in wide ranges. The Dow surged 567 points on Tuesday, but a 381-point rally vanished on Wednesday after bond yields crept higher.

“Volatility shocks tend to take time to work off, so sharp moves intraday should still be expected,” analysts at Bespoke Investment Group wrote in a report on Thursday.

It’s a big shift from 2017 and the beginning of 2018, when the stock market went the longest period ever without tumbling. But such calm is unusual, and stocks overheated.

Related: Trump breaks his silence on market chaos

The yield on the 10-year Treasury bond ticked higher again on Thursday morning, to 2.86%. That’s a big spike from just 2.65% during the panic selling Monday afternoon.

The bull market has feasted on extremely low bond rates. The fear is that Treasury yields will rise to levels that make stocks less attractive and force the Federal Reserve to fight inflation by aggressively raising interest rates.

Washington is putting more pressure on rates. The U.S. Senate reached a bipartisan deal Wednesday that would boost spending limits by $300 billion over the next two years. The compromise, coupled with Republican tax cuts, could lift the federal budget deficit to $1.07 trillion in fiscal 2019, according to Bank of America estimates.

Wall Street anticipates that more government spending will force the Treasury Department to borrow more money by selling additional bonds. To drum up demand for that higher supply, rates may have to go up.

Bank of America analysts warned that the Senate agreement will contribute to “higher rates” and raise “risks for tighter overall financial conditions.”

These bond market worries briefly sent the Dow into a correction earlier this week, a 10% decline from recent highs. The fragile rebound lifted the market a bit, and the Dow and S&P 500 are now about 6% off their from all-time highs.

The stock market is still up dramatically since President Trump’s election. His promises for big corporate tax cuts helped lift the Dow more than 8,000 points, though it has since given back about a fifth of that surge.

The market performance also reflects the strong U.S. and global economies, which have boosted corporate profits. The job market remains healthy, as evidenced by a report Thursday that applications for unemployment benefits are at a 45-year low.

CNNMoney (New York) First published February 8, 2018: 9:11 AM ET




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73-87 Chevy GMC Trucks Pulling Compilation

73-87 Chevy GMC Trucks Pulling Compilation



Nice little compilation of 1973-1987 GM Trucks hooked up and hammering down!

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What You’ll See When Comet Ison Comes – Weather channel news and videos

What You'll See When Comet Ison Comes



Stephanie Abrams talks to NASA scientist Alex Young about what you can see when Comet Ison is visible.

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Düsseldorf Japantag 2013 Trommel Bujin Taiko

Düsseldorf Japantag 2013 Trommel  Bujin Taiko



Der Japan-Tag Düsseldorf/NRW, auch Japan-Tag genannt (jap. 日本デー, Nihon-day), ist ein deutsch-japanisches Begegnungsfest, das seit 2002 jährlich im Mai oder Juni am Düsseldorfer Rheinufer gefeiert wird und regelmäßig mehr als eine halbe Million Besucher anzieht. Diese inzwischen 15-jährige Tradition ist eine Fortsetzung der populären Japan-Wochen 1983 und 1993 sowie des Japan-Jahres 1999/2000, allerdings in einem engeren zeitlichen Abstand und Rahmen. Quelle WIKI

日本タグデュッセルドルフ 2013

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Business News – Rabobank fined for Mexican drug cartel money laundering

rabobank

rabobank

A European bank has been caught laundering money for the Mexican drug trade, and trying to cover it up.

Rabobank has been fined $369 million by the U.S. government after admitting it handled millions in illicit funds.

The Dutch bank allowed hundreds of millions of dollars in “untraceable cash” to be deposited at its rural bank branches in California and then withdrawn via wire transfers, checks, and cash transactions, the Department of Justice (DOJ) said in a statement on Wednesday.

The bank also pleaded guilty to obstructing the investigation in an attempt to avoid the repeat of sanctions it received in 2006 and 2008 for “nearly identical failures,” the DOJ added.

“When Rabobank learned that substantial numbers of its customers’ transactions were indicative of international narcotics trafficking, organized crime, and money laundering activities, it chose to look the other way and to cover up deficiencies in its anti-money laundering program,” Acting Assistant Attorney General John Cronan said.

Rabobank CEO Wiebe Draijer said the “violations that took place are serious, regrettable and unacceptable.”

The Rabobank fine comes less than six years after HSBC (HSBC) agreed to pay $1.92 billion to settle a similar case.

The DOJ and U.S. Treasury said in 2012 that HSBC allowed the most notorious international drug cartels to launder billions of dollars across borders and violated U.S. sanctions for years by illegally conducting transactions on behalf of customers in Iran, Libya, Cuba, Sudan and Burma.

Related: HSBC to pay over $100 million for cheating clients

In the Rabobank case, executives were accused by the DOJ of coming up with a series of measures to prevent the investigation of suspicious transactions, customers and accounts.

One such step was creating a list of “verified” customers whose transactions were not subject to additional reviews, even if they generated internal alerts.

That “verified list” ballooned to more than 1,000 customers by 2012, from just 10 in 2009, the DOJ said.

The DOJ also described how the bank’s Calexico branch, located about two blocks from the U.S.-Mexico border, was the bank’s “highest performing” branch in the region because of the high level of cash deposits from Mexico.

Rabobank said it cooperated fully with authorities investigating the events that took place before 2014 and has made “very strong efforts to strengthen its internal controls and risk management functions, which is also recognized by the authorities.”

A former Rabobank vice president, George Martin, entered into a deferred prosecution agreement with the U.S. concerning his role in the case, according to the DOJ. He admitted — in a federal court in San Diego in December — to playing a role in setting up the policies that prevented additional controls.

The bank will also have to pay a $50 million penalty to the Office of the Comptroller of the Currency.

CNNMoney (London) First published February 8, 2018: 8:42 AM ET




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Live: Falcon Heavy Test Flight – Fortune Magazine videos

Live: Falcon Heavy Test Flight


Live from Kennedy Space Center in Florida
The first rest flight of Falcon Heavy is targeted to take off at 3:30PM ET. When Falcon Heavy lifts off, it will be the most powerful operational rocket in the world by a factor of two.

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FORTUNE is a global leader in business journalism with a worldwide circulation of more than 1 million and a readership of nearly 5 million, with major franchises including the FORTUNE 500 and the FORTUNE 100 Best Companies to Work For. FORTUNE Live Media extends the brand’s mission into live settings, hosting a wide range of annual conferences, including the FORTUNE Global Forum.

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Fortune Magazine is published by Time Inc.

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Pettibone Introduces Next Gen T944X Telehandler


The Pettibone Traverse T944X telehandler has an extendable, traversing boom that moves loads by traveling horizontally. Up to 70 in. (177.8 cm) of horizontal boom transfer allows users to precisely and safely place loads at full lift height through tight openings without having to coordinate multiple boom functions, according to the manufacturer….


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#Godbless

But Scripture has locked up everything under the control of sin, so that what was promised, being given through faith in Jesus Christ, might be given to those who believe.

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Technology News – LogMeIn is buying Jive Communications for up to $357M to step up in enterprise unified comms

LogMeIn is buying Jive Communications for up to $357M to step up in enterprise unified comms


Yet more consolidation in the enterprise collaboration software market. Today LogMeIn, the company that offers conferencing services like GoToMeeting and join.me as well as authentication and other online services to businesses and others, announced that it would acquire Jive Communications for $342 million in cash plus up to $15 million based on reaching specific milestones in the next two years.

Jive Communications is not to be confused with Jive Software, the Slack competitor in enterprise collaboration that itself was acquired last year for $462 million by Aurea. However, it is also in a bigger area of enterprise communications, and underscores how we are continuing to see a lot of M&A and general growth in that market. This is a strong exit for Jive Communications, a Utah-based startup that had raised only around $31 million since it was founded in 2006.

The deal will add a suite of unified communications services that will complement and expand on LogMeIn’s existing collaboration products. Jive has 20,000 customers globally, LogMeIn said. Its primary focus is on VoIP for enterprises, and specifically hosted VoIP: while many people seem to be making a major switch away from fixed line services to mobile in the consumer and smaller business world, in the enterprise market the big shift has been from legacy phone services to VoIP — both for person-to-person and group calls — and so players like Jive are making a lot of inroads as a result of that. In addition to LogMeIn’s own products, other competitors to Jive include services like UberConference, Zoom and WebEx.

“Jive’s success in UCaaS is a testament to its modern cloud-based platform, its deliberate focus on customer satisfaction, and its renowned culture of innovation. We believe the combination of Jive’s award-winning voice, video, contact center and mobile applications with our leading collaboration products, GoToMeeting and join.me, will give LogMeIn one of the best and most comprehensive UCC offerings in the market,” said Bill Wagner, President and CEO of LogMeIn, in a statement. “The result is a deal that will accelerate our overall growth, set a new standard in the UCC market, and provide us with a foundation upon which we’ll build the next generation of LogMeIn’s UCC portfolio.”

John Pope, the CEO of Jive, will stay on running the business, reporting to Wagner. For his company, the deal will give Jive a lot more scale to grow its business. LogMeIn is significantly bigger in terms of market footprint with 25 million users, clocking seven million meetings, and over 900 million conferencing minutes each month.

“With market defining brands like GoToMeeting and GoToWebinar, LogMeIn is one of the most recognized and respected names in collaboration – a leader with the reach, scale and resources capable of fueling Jive’s next chapter of growth and customer-focused innovation. They are also a company that shares our vision and philosophy for giving millions of people a better, simpler, friction-free way to communicate and collaborate on their terms,” said Pope, in a statement. “It’s a combination that immediately gives both parties the power to deliver significantly more value to our combined customer bases.”

The deal is expected to close in Q2 of this year.

LogMeIn has been looking for more ways to expand the types of services that its providing to its existing user base, as a route to expanding its overall revenues per customer. Last summer, the company acquired an Israeli startup called Nanorep, which makes chatbots and other AI-based tools, for up to $50 million.

 

Featured Image: Petrified Collection/The Image Bank/Getty Images




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Volvo Ocean Race Teaser

Volvo Ocean Race Teaser



Teaser for the Volvo CE vs. Volvo Ocean Race challenge campaign.

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Types of kits and construction

Types of kits and construction

Types of kits and construction

There are various ways to construct and assemble an RC aeroplane. Various kits are available, requiring different amounts of assembly, different costs and varying levels of skill and experience.

Some kits can be mostly foam or plastic, or may be all balsa wood. Construction consists of using formers and longerons for the fuselage, andspars and ribs for the wings and tail surfaces. More robust designs often use solid sheets of wood to form these structures instead, or might employ a composite wing consisting of an expanded polystyrene core covered in a protective veneer of wood, often obechi. Such designs tend to be heavier than an equivalent sized model built using the traditional method, and would be much more likely to be found in a power model than a glider. The lightest models are suitable for indoor flight, in a windless environment. Some of these are made by bringing frames of balsa wood and carbon fiber up through water to pick up thin plastic films, similar to rainbow colored oil films. The advent of "foamies," or craft injection-molded from lightweight foam and sometimes reinforced with carbon fiber, have made indoor flight more readily accessible to hobbyists. "Crash proof" EPP (Expanded Polypropylene) foam planes are actually even bendable and usually sustain very little or no damage in the event of an accident, even after a nose dive. Some companies have developed similar material with different names, such as AeroCell or Elapor.

The late 1980s saw a range of models from the United States company US AirCore cleverly using twinwall polypropylene material. This double skinned ‘Correx’ or ‘Coroplast’ was commonly used in advertising and industry, being readily available in flat sheet form, easily printed and die cut. Models were pre-decorated and available in ARTF form requiring relatively straightforward, interlocking assembly secured with contact adhesive. The material thickness (usually 3~6mm) and corresponding density meant that models were quite weighty (upwards of 5 lb or 2 kg) and consequently had above average flying speeds. The range were powered using a clever (interchangeable) cartridge motor mount designed for the better, more powerful 0.40 cu in (6.6 cm³) glow engines. Aircore faded from the scene around the Millennium.

Coincidently this is when the material was used experimentally by Mugi-the small tough delta glider was invented. This rapidly developed into a high performance design-the Mugi Evo. Popular worldwide as the plans were immediately launched freely on the Internet. Any grade or thickness of the material can be used by appropriate scaling. However the optimum material is twinwalled polypropylene sheet in 2mm thickness and at 350gsm (density)

Amateur hobbyists have more recently developed a range of new model designs utilizing the corrugated plastic or "Coroplast" material. These models are collectively called "SPADs" which stands for Simple Plastic Airplane Design. Fans of the SPAD concept tout increased durability, ease of building, and lower priced materials as opposed to balsa models, sometimes (though not always) at the expense of greater weight and crude appearance.

Flying models have to be designed according to the same principles as full-sized aircraft, and therefore their construction can be very different from most static models. RC planes often borrow construction techniques from vintage full-sized aircraft (although they rarely use metal structures).

Posted by greaves_russell on 2013-02-03 23:18:41

Tagged: , Types , kits , construction , foam , plastic , balsa , wood , formers , longerons , fuselage , andspars , ribs , wings , tail , surfaces , robust , designs , solid , sheets , structures , expanded , polystyrene , core , covered , protective , veneer

Heavy Construction photos – Types of kits and construction – #heavy #construction #photos #pics and #images for you.

Whoever would foster love covers over an offense, but whoever repeats the matter separates close friends.

Business News – Twitter just had its first profitable quarter

Jack Dorsey: Twitter shows best and worst of democracy

Jack Dorsey: Twitter shows best and worst of democracy

Twitter is finally in the black.

The company said Thursday it posted a modest $91 million profit in the final three months of 2017, marking the first time the company has had a profitable quarter since going public in 2013.

Twitter (TWTR) says it expects to be profitable for all of 2018 as well.

It’s a hard won milestone for Twitter. The company has gone through multiple rounds of layoffs since cofounder Jack Dorsey returned as CEO in 2015. And it has cut beloved but pricey projects like Vine, a video sharing service.

Twitter also received a boost from a surprise rebound in its advertising business. The company posted sales of $732 million for the quarter, up 2% from the same period a year earlier, reversing a sales decline that has plagued the company in recent quarters.

Related: Top Twitter executive departs, putting pressure on Jack Dorsey

In a letter to shareholders, Twitter chalked up the sales boost to “better-than-expected growth” in ad sales “across all major products and geographies.”

The stock jumped 18% in pre-market trading Thursday following the earnings report.

While the sales rebound and profitability milestone offer hope that Twitter’s turnaround efforts are bearing fruit, the social media company continues to face significant challenges.

Twitter’s user growth remains stagnant. It had 330 million monthly active users for the quarter, effectively failing to grow its audience at all.

Last month, Twitter’s COO Anthony Noto announced plans to leave the company to take over as CEO of a startup. Noto had previously served as Twitter’s CFO and was arguably the most important executive at the company other than Dorsey.

Twitter has said Noto’s responsibilities will be handled by various members of its leadership team. Dorsey continues to be a part-time CEO, running both Twitter and Square (SQ).

CNNMoney (New York) First published February 8, 2018: 7:51 AM ET




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Comfortable Control- JohnDeere Videos

Comfortable Control



See what potential buyers should look for in terms of control placement and cab layout. http://bit.ly/mppQyg

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I AM UNSTOPPABLE: Running For Freedom – Weather channel news and videos

I AM UNSTOPPABLE: Running For Freedom



Lomong’s journey began as one of the victims of Sudan’s brutal civil war of the 1990s, where he was one of hundreds of thousands of the country’s Lost Boys of Sudan. At age six he escaped from a prison camp, running for his life, until he crossed the Kenyan border. After years in a refugee camp, he was adopted by an American family that encouraged him to pursue his interest in track and field. went on to become a world-class collegiate then professional runner, and in 2008 he was the flag bearer for the United States at the Olympic Games in Beijing.

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Der “Brubbel” in Wallenborn / Eifel Kaltwassergeysir

Der "Brubbel" in Wallenborn / Eifel Kaltwassergeysir



Der Wallende Born oder Wallenborn (im Volksmund die oder der Brubbel) ist ein Kaltwassergeysir in der Ortschaft Wallenborn (Landkreis Vulkaneifel). Er ist neben dem 2006 reaktivierten Geysir Andernach auf dem Namedyer Werth ein aktiver Kaltwassergeysir in Deutschland, der im Gegensatz zu diesem ohne technische Kontrolle und Hilfsmittel ausbricht.

Die Fachleute sind sich nicht einig, ob der Wallende Born als natürlich eruptiv zu bezeichnen ist. Zumindest sind periodische Gasausbrüche seit Menschengedenken bezeugt. Bis zu seiner Erdbohrung war der Wallende Born also zumindest eine (periodische) Mofette. Der hohe Wasserschwall einer typischen Springquelle ergab sich jedoch erst nach baulichen Maßnahmen. Der Wallende Born wird als springbrunnenartiger Geysir betrieben: Der künstliche Schlot befindet sich unter der Wasseroberfläche eines kleinen Teiches. Das Wasser wird daher nicht als Fontäne, sondern turbulent geworfen. Das „Treibgas“ des Geysirs ist Kohlenstoffdioxid. Es enthält in Spuren andere Gase wie Schwefelwasserstoff, was an einem Geruch nach fauligen Eiern zu merken ist. quelle: http://www.wallenborn-eifel.de/index.php/60-der-brubbel/geologie

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