The GTA housing market continued to show positive signs for the month of July 2018. When compared with the market from July 2017, there was strong growth in both the number of home sales and the average selling price.
July sales were up by more than 18 per cent compared to the same month last year. There were 6,961 house sales, and the average price for these sales was $782,129, which is up by almost five per cent compared to July 2017.
Some potential buyers had moved to the sidelines due to the psychological impact of the Fair Housing Plan, as well as changes to mortgage lending guidelines. The July figures are certainly encouraging for the health of the real estate market because some of these buyers have begun to re-enter the market.
Though we experienced some positive signs of growth in the GTA real estate market over the last two months, housing supply remains an issue with new listings down by nearly 2 per cent on a year-over-year basis.
With the municipal election coming up, it is crucial that candidates keep housing top of mind, focusing on policies that prioritize enhancing the supply of housing, reducing the upfront tax burden on home ownership, and increasing housing affordability. This is important as the number of individuals and families that choose to live in this region will only continue to grow.
The provincial government also has a critical role to play in both helping to prioritize policies that focus on increasing the supply of housing, especially the missing middle which bridges the gap between the condominium apartment and the detached home, as well as in continued relief in the provincial land transfer tax.
With over 50,000 TREB REALTOR® Members working with the GTA public, we are the boots on the ground, and TREB looks forward to working with all elected officials to help provide effective solutions to housing affordability issues such as these. TREB will continue to speak up on behalf of home buyers, sellers, and renters.
The real estate industry and its economic impact is critically important to the GTA economy. These activities help with the creation of jobs not only directly related to housing, but across virtually all sectors of the economy.
Home ownership continues to be a sound long-term investment for the consumer, and owning a home can help provide a sense of pride, community, and feelings of accomplishment. The 2015 Habitat for Humanity research project "Transforming Lives," provides evidence of the positive impact that owning a home can have. It can improve the education outlook of your children, improve your family's health through higher levels of physical activity and lower levels of psychological distress, and increase levels of civic involvement and charitable support in your community.
If you have questions, talk to a Toronto Real Estate Board Professional Member REALTOR® for further help and guidance. For updates on the real estate market, visit TREBhome.com. If commercial property is what interests you, contact a TREB Commercial Professional Member Realtor by visiting trebcommercial.com.
The post A Deeper Look into the July GTA Housing Market appeared first on TREB Wire.


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Poecilia sulphuraria is een straalvinnige vissensoort uit de familie van de levendbarende tandkarpers (Poeciliidae). De wetenschappelijke naam van de soort is voor het eerst geldig gepubliceerd in 1948 door Álvarez.

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McKinsey & Company Home Strategy & Corporate Finance
A better way to understand internal rate of return
November 2015 | Article
By Marc Goedhart, Cindy Levy, and Paul Morgan
Investments can have the same internal rate of return for different reasons. A breakdown of this metric in private equity shows why it matters.
Executives, analysts, and investors often rely on internal-rate-of-return (IRR) calculations as one measure of a project's yield. Private-equity firms and oil and gas companies, among others, commonly use it as a shorthand benchmark to compare the relative attractiveness of diverse investments. Projects with the highest IRRs are considered the most attractive and are given a higher priority.
But not all IRRs are created equal. They're a complex mix of components that can affect both a project's value and its comparability to other projects. In addition to the portion of the metric that reflects momentum in the markets or the strength of the economy, other factors—including a project's strategic positioning, its business performance, and its level of debt and leverage—also contribute to its IRR. As a result, multiple projects can have the same IRRs for very different reasons. Disaggregating what actually propels them can help managers better assess a project's genuine value in light of its risk as well as its returns—and shape more realistic expectations among investors.
Since the headline performance of private equity, for example, is typically measured by the IRR of different funds, it's instructive to examine those funds' performance. What sometimes escapes scrutiny is how much of their performance is due to each of the factors that contribute to IRR above a baseline of what a business would generate without any improvements—including business performance and strategic repositioning but also debt and leveraging. Armed with those insights, investors are better able to compare funds more meaningfully than by merely looking at the bottom line.
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Insights from disaggregating the IRR
Although IRR is the single most important performance benchmark for private-equity investments, disaggregating it and examining the factors above can provide an additional level of insight into the sources of performance. This can give investors in private-equity funds a deeper understanding when making general-partner investment decisions.
Baseline return. Part of an investment's IRR comes from the cash flow that the business was expected to generate without any improvements after acquisition. To ensure accurate allocation of the other drivers of IRR, it is necessary to calculate and report the contribution from this baseline of cash flows.
Consider a hypothetical investment in a business acquired at an equity value of $55 and divested two years later at a value of $100 (Exhibit 1). The business's operating cash flow in the year before acquisition was $10. At unchanged performance, the investment's cash return in year two, compounded at the unlevered IRR, would have been $23.30. In other words, the return from buying and holding the investment without further changes contributed ten percentage points of the 58 percent IRR. Strong performance on this measure could be an indicator of skill in acquiring companies at attractive terms.
Improvements to business performance. The best private-equity managers create value by rigorously improving business performance: growing the business, improving its margins, and/or increasing its capital efficiency.1 1. Joachim Heel and Conor Kehoe, "Why some private-equity firms do better than others," McKinsey Quarterly, February 2005.
In the hypothetical investment, revenue growth and margin improvement generated additional earnings in years one and two, amounting to a compounded cash-flow return of $3.30. In addition, earnings improvement in year two translated into a capital gain of $20, bringing the cash return for business-performance improvements to $23.30 and its IRR contribution to ten percentage points. This is an important measure of a private-equity firm's capacity to not only choose attractive investments but also add to their value during the ownership period.
Strategic repositioning. Repositioning an investment strategically also offers an important source of value creation for private-equity managers. Increasing the opportunities for future growth and returns through, for example, investments in innovation, new-product launches, and market entries can be a powerful boost to the value of a business.
Consider, for example, the impact of the change in the ratio of enterprise value (EV) to earnings before interest, taxes, depreciation, and amortization (EBITDA) for our hypothetical investment. The business was acquired at an EV/EBITDA multiple of 10 and divested at a multiple of 12.5—which generated a cash return of $30. This translates into 13 percentage points of the project's 58 percent IRR. This measure could indicate a firm's ability to transform a portfolio company's strategy to capture future growth and return opportunities.
Effect of leverage. Private-equity investments typically rely on high amounts of debt funding—much higher than for otherwise comparable public companies. Understanding what part of an investment's IRR is driven by leverage is important as an element of assessing risk-adjusted returns.
In our hypothetical example, the acquisition was partly funded with debt—and debt also increased over the next two years. In that time frame, earnings increased by 20 percent and the company's EV-to-EBITDA ratio rose by more than two percentage points. The IRR of the acquisition, derived from the investment's cash flows, would be 58 percent.
How much does the company's debt affect its IRR? Adding back the cash flows for debt financing and interest payments allows us to estimate the company's cash flows as if the business had been acquired with equity and no debt. That results in an unlevered IRR of 33 percent—which means leverage from debt financing contributed 25 percentage points, about half of the investment's total levered IRR. Whether these returns represent value creation for investors on a risk-adjusted basis is questionable, since leverage also adds risk.
The disaggregation shown in Exhibit 1 can be expanded to include additional subcomponents of performance or to accommodate more complex funding and transaction structures.2 2. We have, for example, developed a decomposition approach to an investment's so-called cash multiple rather than its internal rate of return. Managers may, for example, find it useful to further disaggregate business performance to break out the effects of operating-cash-flow changes from revenue growth, margin expansion, and improvements in capital efficiency. They could also separate the effects of sector-wide changes in valuation from the portion of IRR attributed to strategic repositioning. Moreover, if our hypothetical investment had involved mergers, acquisitions, or large capital investments, further disaggregation could separate the cash flows related to those activities from the cash flows due to business-performance improvements—as well as strategic repositioning.
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Comparing projects beyond the bottom line
The example above illustrates the basic principles of disaggregating IRR, which ideally should be done before any comparison of different investments. Consider, for example, two investments by a large private-equity fund, both of them businesses with more than €100 million in annual revenues (Exhibit 2). Each had generated healthy bottom-line returns for investors of 20 percent or more on an annualized basis. But the sources of the returns and the extent to which these represent true value creation differed widely between the businesses.
The investment in a retail-chain company had generated a towering 71 percent IRR, with more than three-quarters the result of a very aggressive debt structure—which also carried higher risk. On an unlevered basis and excluding sector and baseline contributions, the risk-adjusted return to investors was a much lower but still impressive 21 percent. By improving margins and the capital efficiency of the individual retail locations, management had contributed around 5 percent a year to IRR from business performance. A successful strategic transformation of the company formed the biggest source of management contributions to IRR. Utilizing the company's real estate and infrastructure, management was able to launch additional customer services with more stable margins, which translated to a higher-valuation multiple on exit and drove 17 percent annual IRR.
In contrast, the equipment-rental business turned out to be one where management made more of a difference when it came to business performance and strategic transformation, which, when combined, contributed 32 percent to the business's IRR. Most of this was due to higher growth and improved margins in its core industrial-equipment segments, combined with significant divestments of its consumer-rental business. Unfortunately, nearly 14 percentage points of the overall IRR was wiped out as the credit crisis reduced opportunities across the sector for future growth and profitability. With leverage adding ten percentage points, the IRR for investors ended up at 34 percent.
Understanding the true sources of IRR provides insight not only into the evaluation of individual investments but also into collections of investments, such as within a single private-equity fund or within an investment portfolio of many different private-equity funds. Such an analysis revealed that one fund, for example, was most successful in transforming acquired businesses through rigorous divestment of noncore activities and resetting strategic priorities (Exhibit 3). As with many private-equity funds, leverage was the second-most-important driver of investor returns. From a fund-investor point of view, a high level of dependence on financial leverage for results raises questions, such as whether a firm's performance will be robust across economic scenarios—or whether it has a track record of successful interventions when high leverage becomes problematic for its portfolio companies. By contrast, reliance on business improvements is inherently more likely to be robust across scenarios.
Investors can conduct a similar analysis to identify which funds in their portfolios contribute the most to their returns and why. For example, separating leverage components reveals which funds boost their IRR by aggressive debt funding and are therefore more exposed to changes in underlying business results. Understanding where broader sector revaluations have driven IRR can help investors understand which funds rely on sector bets rather than improvements in business performance or strategy. Investors can also assess how well a general partner's stated strategy matches its results. A firm touting its ability to add value from operational improvements should get substantial portions of its IRR from managerial changes and strategic repositioning, while a firm more focused on its financial-engineering skills might be expected to benefit more from the leverage effect.3 3. Assuming that the higher-valuation multiple is entirely driven by repositioning the business—and not by sector-wide appreciation.
IRR calculations can be useful when fully understood. Disaggregating the effect of IRR's various components can help managers and investors alike more accurately assess past results and contribute to future investment decisions.
Marc Goedhart is a senior expert in McKinsey's Amsterdam office; Cindy Levy is a director in the London office, where Paul Morgan is a senior expert.
Private-equity operations: Inside the black box
Changing perceptions and new realities in private equity
Why bad multiples happen to good companies

redpajama_set_name: RedPajamaCommonCrawl


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21 November 2015 - WYATT EARP
Welcome to the life and times of Wyatt Earp.
Wyatt Earp was a lawman, professional gambler and buffalo hunter, among other occupations, who famously took part in the shootout at the OK Corral in Tombstone, Arizona, on October 26, 1881. Find out more about this Old West icon, from how he met his friend Doc Holliday to what happened to him after the Tombstone gunfight.
After a Midwestern childhood, he headed to California by wagon train as a teen.
Wyatt Berry Stapp Earp was born in Monmouth, Illinois, on March 19, 1848, and named for his father's commander in the Mexican-American War. Earp's father had a number of occupations, including farmer, justice of the peace and bootlegger, and Wyatt spent his childhood in both Illinois and Iowa. After the American Civil War broke out in 1861, Earp ran away from the family farm and tried to join the Union army; however, his father found him and brought him home. In 1864, the Earps left Iowa and ventured west by wagon train. Along the way, the travelers had to contend with Indian raids and Wyatt reportedly witnessed his first gunfight. By the end of 1864, the Earps reached San Bernardino, California, where Wyatt labored on his father's new farm then hauled freight and worked in railroad camps.
He was a lawman in the "Wickedest Little City in the West."
By 1870, Earp got his first job in law enforcement, as town constable in Lamar, Missouri, where his family had relocated. He left the job in 1871, having been accused of mishandling public funds. That same year, he was arrested for stealing horses in Indian Territory (present-day Oklahoma), although his case never went to trial. In 1872, Earp was living in Peoria, Illinois, working as an enforcer in a brothel. He went on to spend time as a buffalo hunter before moving to Wichita, Kansas, in 1874. Wichita was a cattle-shipping center and in 1875 Earp got hired as a policeman there. He left the following year, after seriously beating another man during a fistfight, and became an assistant marshal in Dodge City, Kansas, a booming center of the cattle trade; it was dubbed the "Wickedest Little City in the West." For the next several years, Earp worked as a lawman in Dodge during cattle-trading season, spending the rest of the year as a professional gambler in Texas and New Mexico.
Earp met Doc Holliday on the gambling circuit.
Earp met fellow gambler John Henry "Doc" Holliday in Texas in 1878. Holliday, a Georgia native born in 1851, had studied dentistry in Philadelphia. In 1872, he was diagnosed with tuberculosis and doctors recommended he move to a drier climate. He went to Dallas in 1873 and established a partnership with another dentist; however, Holliday soon turned his attention from fixing teeth to drinking and gambling. Earp and Holliday became friends on the Texas gambling circuit in the late 1870s, and Doc participated in the gunfight at the OK Corral in 1881. Six years later, Holliday died of tuberculosis at age 36 in Glenwood Springs, Colorado.
He was arrested for murder after the gunfight at OK Corral.
Earp arrived in the silver-mining boom town of Tombstone, Arizona, in 1879, and eventually found periodic work as a law officer. The famous gunfight took place on the afternoon of October 26, 1881, in a lot behind the OK Corral, when Earp and his brothers Morgan and Virgil, along with Doc Holliday, confronted cattle-thieving brothers Billy and Ike Clanton and Frank and Tom McLaury. Virgil Earp ordered the cowboys to give up their guns but instead shots were fired, although it's unclear who pulled the trigger first. The shootout, thought to have lasted less than a minute, left three people dead: Frank and Tom McLaury and Billy Clanton.
Afterward, the Earps and Holliday were arrested for murder. In late November 1881, they were exonerated in court. A month later, gunmen tried to murder Virgil Earp outside a Tombstone saloon; he survived but sustained serious injuries to one arm. Wyatt, who'd been appointed a deputy U.S. marshal, organized a posse to go after the Clanton family. Ike Clanton and another brother surrendered to law enforcement and charges against them in connection with Virgil's shooting were dropped. In March 1882, gunmen killed Morgan Earp while he was with Wyatt at a Tombstone pool hall. Exacting revenge, Wyatt and his posse murdered several cowboys. The killings tarnished Wyatt's reputation in Tombstone and he soon fled.
Earp refereed a controversial championship boxing match.
After leaving Tombstone in 1882, Earp moved around the West, laying low and supporting himself through gambling. By the late 1880s, he was living in San Diego with his companion, Josephine Marcus, a New York City-born actress he met in Tombstone. In California, Earp trained racehorses and organized and promoted prizefights. On December 2, 1896, he refereed a heavyweight championship boxing match between Bob Fitzsimmons and Tom Sharkey, before a crowd of some 10,000 spectators in San Francisco. In the eighth round, Fitzsimmons, who'd dominated the fight, appeared to have won after punching Sharkey and knocking him to the ground; however, in a controversial move, Earp ruled the punch was illegal and disqualified Fitzsimmons. Word quickly spread among boxing fans that the match had been fixed, and Fitzsimmons took Sharkey to court; the case was dismissed. Earp maintained his innocence, but the scandal left a scar on his reputation.
Earp was the last surviving participant of the OK Corral shootout.
Earp died at his home in Los Angeles, possibly of chronic cystitis, on January 13, 1929, at age 80. His longtime companion Josephine (she called herself Josephine Earp, although there's no record they ever were married) had his cremated remains buried at a cemetery in Colma, California. Earp, who had no children, was the last surviving participant of the OK Corral gunfight. In his later years, he'd consulted on Hollywood westerns and gotten to known various actors and directors. His funeral was attended by such celebrities as Western film star Tom Mix, who served as a pallbearer.
After his death, Earp was portrayed by Hollywood as a heroic lawman, thanks in part to a best-selling—but significantly embellished—1931 biography, "Wyatt Earp: Frontier Marshall" by Stuart Lake. The book helped spawn movies and TV series about Earp, starring actors from Henry Fonda to James Garner to Kevin Costner in the lead role.
Clancy's comment: Mm ... Another interesting life, eh?
Posted by Clancy Tucker's Blog at 3:39:00 AM
Labels: BLOGGER, CLANCY TUCKER, GAMBLER, SHERIFF, USA, WYATT EARP
2 November 2015 - CAROL MOSELY BRAUN - CIVIL RIGHT...
3 November 2015 - SOME REALLY WISE TIPS
4 November 2015 - K.J. McPIKE - Guest Author
5 November 2015 - Amazing Bounce of 'The Rabbit Wh...
6 November 2015 - SINEAD O'CONNOR
7 November 2015 - WHO WAS THE YELLOW ROSE OF TEXAS...
8 November 2015 - SharaLee Podolecki - Guest Book ...
9 November 2015 - SOME FACTS ABOUT DANIEL BOONE
10 November 2015 - DWIGHT EISENHOWER
11 November 2015 - THE LION TREE OF SERENGETI
12 November 2015 - KILER DAVENPORT - Bureau Chief ...
13 November 2015 - ROSALIE EDGE - ENVIRONMENTAL PI...
14 November 2015 - SECRETS OF STONEHENGE
15 November 2015 - GREAT QUOTES FROM GREAT AUTHORS...
16 November 2015 - Dr NICK BARRATT - Guest Academi...
17 November 2015 - MICHAEL SALMON - Guest Author a...
18 November 2016 - PICKLES THROUGHOUT HISTORY
19 November 2015 - WHAT IS THE ROSETTA STONE?
20 November 2015 - SARAH PATTON - Guest Writer & P...
22 November 2015 - GREAT TIPS OF WISDOM
23 November 2015 - PERFECT MOMENTS CAPTURED
24 November 2015 - WHO INVENTED THE FLUSH TOILET?
25 November 2015 - COLONEL SANDERS AND KFC
26 November 2015 - MUM AND SON KOALA
27 November 2015 - ERIN BROCKOVICH
28 November 2015 - LEE KOFMAN - Guest Author
29 November 2015 CLANCY TUCKER PHOTOGRAPHY
30 November 2015 - TRACY DUMPERT - Guest Artist
1 December 2015 - A FEW THOUGHTS TO PONDER


text:
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on the internetz.
Snowy Photo Project Day
Abandoned Building near LaChine Canal
Originally uploaded by ultrahi.
Last night we had a good 15cm of snow – very pretty indeed and in perfect timing for tonight's Nuit Blanche celebrations. So since it was almost tropically warm compared to the last few days I decided to venture out with my camera – and here are my fave pics from the day.
Author Matt HobbsPosted on March 2, 2008 Categories Musings
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What better way, than to "share some love" than on a tandem bike with your honey this Valentine's Day...and if you are as coordinated as I am, you don't even have to ride it. This pillow is a symbol of the journey and how you get through it. Rather than redecorate your entire living room, you can flip a pillow or piece of decor from Tandem for Two to freshen and add that perfect little seasonal touch. This is one of our favorite holidays...Love wins.
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The mutants-filled survival sim was rusty on release, but in 2016 it's one of the best multiplayer horror games around.
Okay, it inspired one god-awful film, and that's unforgiveable. But <i>Silent Hill 3</i> remains a great video game, and here's why.
The growing game jam challenges developers to design horror games without inaccurate tropes.


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Prison – Manchester
Deaths in Custody: HMP Manchester and HMP Leeds
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HMP Manchester, a large local jail with a small number of high-security prisoners, was found by inspectors to … Full access to The Prison Oracle, its tens of thousands of documents, rules, regulations, reports, policies, expert articles, breaking news, comprehensive prison entries, morning briefings, expert advice database, comprehensive legal section and so much more costs […]
Strangeways roof top protest ends
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Naked protester at Manchester Prison
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Prisons Inspectorate's Thematic Review on Close Supervision Centres published
Manchester Prison where there is a CSC Special Interventions Unit Although clear progress had been made in … Full access to The Prison Oracle, its tens of thousands of documents, rules, regulations, reports, policies, expert articles, breaking news, comprehensive prison entries, morning briefings, expert advice database, comprehensive legal section and so much more costs less […]
Our powder-keg prisons: Strangeways – the lesson we failed to heed
Conditions in prisons are as bad now as they were at the time of one of Britain's worst jail riots, a former… Full access to The Prison Oracle, its tens of thousands of documents, rules, regulations, reports, policies, expert articles, breaking news, comprehensive prison entries, morning briefings, expert advice database, comprehensive legal section and so […]


Congrats! You've earned LEED certification.
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Your project joins a select group of leaders in the built environment. Here are some ways you can tell your building's story.
LEED certificates are available through Green Plaque. You can order a free set of five or 10 hard copy certificates and a formal certification letter. Copies are available for a fee. Request a certificate.
Shop from our official vendors for LEED plaques and signage. Visit Green Plaque or Buildingplaques.com for U.S.-based shipping. For international projects, explore Sign of Green's online store.
Celebrate and promote your accomplishment online by adding a LEED badge to your website. Get the digital badges package.
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Access USGBC's PR Guidelines for LEED Projects for tips and ideas to help tell your building's story.
Update your LEED project profile in our directory.
Every LEED-certified project has a dedicated space on usgbc.org. Claim yours by updating your project's profile page with photos, an overview or even a video. Make sure your project's status is not marked as confidential, or private, in LEED Online before submitting content for your project profile. Additionally, confidential, or private, certified projects are not entitled to use the LEED certification mark.
You now have free access to Arc to track and report required energy and water data. In addition, you can use Arc to track waste, transportation, and human experience data, which you can use to evaluate your overall sustainability performance, and understand how it compares to other similar buildings in your region, and globally.
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To update your project's status, you can either: have your project administrator contact GBCI, or update the confidentiality information directly in LEED Online via LEED Online for v4 or v2009 or LEED Online v2. Once your certified project is listed as non-confidential, it will display in the project directory and you will be authorized to use the LEED certification logos. It may take up to 24 hours for the project directory to update.
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Films That Define A Decade: '00s [Blu-ray]
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This title will be released on August 22, 2016.
Actors: Eminem, Kim Basinger, Mekhi Phifer, Brittany Murphy, Matt Damon
Directors: Curtis Hanson, Doug Liman, Phyllida Lloyd, Edgar Wright
Producers: Curtis Hanson, Doug Liman, Brian Grazer, Jimmy Iovine, Patrick Crowley
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Studio: Universal
DVD Release Date: 22 Aug. 2016
Collection of four acclaimed films from the 2000s. In '8 Mile' (2002), Jimmy Smith (Eminem) has grown up on the wrong side of 8 Mile Road in the industrial city of Detroit. After being dumped by his girlfriend, he moves back in with his mother Stephanie (Kim Basinger) and her new boyfriend but gets on with neither of them. His only solace is rapping with the group of DJs and MCs who go under the name of Three One Third. Convinced that this is his only hope of getting out of the dead-end life he could end up living, Jimmy perseveres with rapping and is backed up by new girlfriend Alex (Brittany Murphy) and his friends. In 'The Bourne Identity' (2002), badly wounded Jason Bourne (Matt Damon) is pulled out of the Mediterranean by fishermen and is able to recall neither who he is nor what happened to him. After following his only clue to a bank in Zurich, he discovers money, passports and a gun waiting for him. With security agencies seemingly tracking his every move, Bourne travels to Paris where he hopes to find out his true identity and discover the real reason why the CIA are taking such an interest in him. In 'Mamma Mia!' (2008), soon-to-be-wed Sophie (Amanda Seyfried) invites three of her mother's old flames; Bill (Stellan Skarsgård), Sam (Pierce Brosnan), and Harry (Colin Firth) to Kalokairi for the wedding, in the hope of finding out who her real father is. Arriving on the sun-drenched Mediterranean island for the first time in 20 years, the now middle-aged men soon rekindle long dormant emotions, causing Donna (Meryl Streep) to revisit her past glories. Finally, 'Shaun of the Dead' (2004) follows Shaun (Simon Pegg), a useless but likeable thirty-something who works in an electronics shop in Crouch End. With his life seemingly going nowhere and his girlfriend Liz (Kate Ashfield) threatening to leave him, Shaun is suddenly thrust into action when a wave of undead zombies sweep across the nation.
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text:
Trump's Pick To Head Key Federal Science Agency Is Not A Scientist
Oct 13 2017, 15:22 UTC
A lot of the imagery and analysis of the hurricanes that battered the US recently came from NOAA. NASA/NOAA
In yet another depressingly predictable move, the latest nominee for one of America's top scientific agencies is not a scientist. This time, it's the candidate picked to run the National Oceanic and Atmospheric Administration (NOAA), which is tasked with monitoring and predicting weather patterns and climate change.
This week, Barry Myers, the CEO of AccuWeather – a meteorological prediction company – was officially chosen by the President to undergo a Senate confirmation hearing. Unlike almost every other head of NOAA since it was founded more than four decades ago, Myers isn't an academic, but a businessman and a lawyer who happens to own a weather-based company.
Once you've let out a deep, sad sigh, it's fair to say that it's not always necessary that a scientific agency needs a scientist at its helm to run well – see James Webb of NASA fame, for example. Saying that, 2017 is a rather strange time for American science.
It's being censored as much as key federal scientists are being fired; at the same time, those that worked for or lobbied for the petrochemical and fossil fuel industries are being given powerful positions at agencies they've formally tried to fight against or even sue on many occasions. Trump has also repeatedly tried, and failed, to drastically defund federal science, including NOAA.
So far, the track record isn't great. Already, the nation's agriculture, environmental protection, energy development, public land protection, and space science are definitively in the hands of rather inept climate change deniers that aren't qualified scientists. So what's the score when it comes to the country's federal weather wizards?
As pointed out by Mashable, the National Weather Service (NWS) – a state-owned organization – does not see AccuWeather as an ally. Back in 2005, the company supported a bill by controversial then-Senator Rick Santorum to greatly reduce the authority of the NWS, and transfer a lot of the science communication duties to the private sector.
In a recent letter to the Senate committee that oversees NOAA, NWS decried the notion that Myers might be Trump's pick. "As you know, this position has traditionally been filled by a preeminent scientist, and by that standard alone, Mr. Myers is wholly unqualified for the job," they succinctly summarized.
At present, it cannot be confirmed or denied that Myers is a climate change denier, and his company – unlike its rivals – doesn't seem to talk about it much at all. He has personally donated to Santorum's various political campaigns, though, and he certainly does reject the scientific consensus.
So once again, another Trump nominee represents both a spectacular waste of some of the country's best scientific minds and a colossal conflict of interest. Business as usual, then.
climate change,
weather,
oceans,
NOAA,
nominee,
trump,
derp,
AccuWeather,
conflict of interest,
not a scientist,
sigh,


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Home / CLASSICAL MUSIC / Classical / Muzio Clementi: Keyboard Sonatas - Op. 2 Nos. 2 and 6; Op. 7 Nos. 1 and 2; Op. 9 No. 2, Op. 12 No. 1
Muzio Clementi: Keyboard Sonatas - Op. 2 Nos. 2 and 6; Op. 7 Nos. 1 and 2; Op. 9 No. 2, Op. 12 No. 1
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Shipping time: In stock | Expected delivery 1-2 days | Free UK Delivery
Though Mozart was typically grudging, Beethoven had a high regard for Muzio Clementi's compositions. A leading soloist, Clementi was pivotal to the piano's development as a virtuoso instrument, but he was also a publisher and innovator. His sonatas combine clarity of form with moments of bravura brilliance, laced with scintillating hand-crossings and his trademark chains of thirds, on which Mozart commented. Infectiously exciting in prestissimo sections, his sonatas offer a compendium of how to exploit new advances in the development of the piano.
Artists Park, Sun-A
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