This week leading up to November 11 – with the 11:11 'Twin Pillars' energy in high flow – is a beautiful opportunity for deeper release, resolution and healing. We'll share a visualization practice below in the theme of rose-gold light, which is approaching a pinnacle of its frequency….and is being 'ushered in' and enhanced by the vibration of the alignments of Venus, Sun and Moon throughout the next week, then 'grounding in' during the window of 11:11 to 22:11, which we'll speak of in the next post.
Star family have a particular focus on realigning/relighting an ancient, misused vortex point on the planet on the 11:11, with which the Venusians (and many of us in our Venusian soul aspects) are closely connected, and the message of this realignment of energies first 'visualized' here on the full moon of October 16.
Full Moon, October 16, 2016, with orb 'hanging' from a tree branch.
Through a slight haze, the moon was ringed in a peachy rose halo, with a blue-green orb appearing to its upper left, also with a soft rose rim around it. Both the moon and the orb held an identical position (twinned energy), like lamps hanging from the branches of the tree in the foreground….a beautiful symbolic representation of Lights shining forth from the Tree of Source/Tree of Life. The blue-green orb is here a symbol for our blue-green planet Earth, being wrapped in golden rose Light streaming through the alignment of the 'lunar portal' (in higher dimensions). And rose is the spiral of Love and Life through the sacred geometric harmony, which can be seen in the 'Venus Rose' pattern formed by the orbit of Venus over every 8 year period as viewed from Earth. The flower of 5 petals (5-point star) within the 8 = 13, on one level the number of 'Divine Feminine' expression of Source.
With this energy aligning toward the 11:11 Gate, 9 days after the full moon, Venus was very bright in the night sky, and two lightships flashed into view, evenly spaced at a specific angle…making 3 lights in alignment, representing 3 Flames (Venus is the 'light' at the lower left, under a pair of stars, with the two ships above to the upper right).
Two small lightships in alignment with Venus (the light at lower left), October 25, 2016.
In this photo, the middle lightship came from the Meri'Ashar (with Ashura on board in his 5D form Arnap), and the uppermost ship was also brought down from a large ship (by one of our brothers, Ashira). Ashira's ship recloaked, and Arnap stayed visible a few moments more.
Last night, November 3, Venus had close company with the new crescent Moon waxing toward first quarter. An orb (of merged soul energies who are guiding and overviewing the 11:11 focus/task) appeared in the photo below, directly above the Moon and Venus.
Orb above Moon & Venus, November 3, 2016.
Within their protective overlighting, two beautiful 'rosy' Venusian ships came through. The first, a sleek triangular ship flew in from the south toward Venus & the Moon.
Venusian 'rose triangle' ship flies toward Venus & the Moon, November 3, 2016.
The second ship flew through the crescent of the Moon itself (higher dimensional lunar portal), and is a Hathorian ship of blended rose and gold light. As you look at these photos and tune (whether consciously or subconsciously) to the array of Light coming through them, feel how the Venusian energies are building and in focus up to the zenith of the 11:11 Rose-Gold Gate, in this lunar cycle at the mid-point between first quarter and full.
Hathors' ship of rose-gold (peach) light, November 3, 2016.
The Hathors are masters of sound-light weaving, and will gift the upcoming vortex realignment with a specific anchoring weave around the 'gate', so Angels, Hathors and those helping in human form will weave together, with a guard of Lion Beings ringed around them, holding the tone. Though we're not able to say where this gate is right now, any of you reading this who wish to take part, dear friends and star brothers & sisters 'on the ground', holding your focus to visualizing rose-gold light – feeling it stream to and through you from the Source – and seeing/feeling/intending that it fills the planetary torus field (magnetosphere, in the physical level) will contribute beautifully and help to strengthen this energy.
The visualization below can also be used whenever you like, but has a particular high attunement during the coming week, for releasing distorted/heavy energies in your own 'personal' field into rose-gold light.
Sit comfortably, relax and breathe deeply and slowly into your heart centre-point (heart chakra). Envision yourself within a pillar of light from the centre of Source to the crystal heart-core of Gaia, at the centre of the Earth. See a rose-gold ball of light in your heart centre (or an actual rose of that colour if you prefer). Feel its warmth, deeply, inside your heart. Feel the Divine Love that you are, at your core, in your innermost Flame, in your soul spark.
Now let that warmth, love, and divinity expand softly all around you so that it fills your torus field, your aura, completely. Feel your whole BEing immersed in the rose-gold light of warm Divine Love. Keep breathing deeply, relax wholly. Then call forth any distorted, unsettled or tight energy 'bundles' in your energy field. They may be obvious to you – energies you're already consciously aware of and 'working on', or they may be hidden from view – veiled in the subconscious. Now is the moment for all energies within your field not aligned to the highest Light, Love and Life to come forward. They may appear visually to you, large or tiny, faint grey to dense black, depending on the 'hold' and 'charge' of the energy. Or they may just be feelings connected with relationships, work, health, society, collective fears and so on. Be peaceful, release those bundles now into the rose-gold light with your blessing and love, and see them transmute and dissolve into that light. Relax and bathe in the rose-gold, feel your true inner self's loving energy, the Love that it springs from. Do this as often up to the 11:11 as you feel to, for clearing and aligning. Thank your Inner Divine, thank Source, and you guiding Lights.
We'd like to share one more photo from November 3, a small orb or ship (sometimes they shift from one to another) that appeared in this photo, just below the Moon & Venus.
Small orb/ship beneath Moon and Venus, November 3, 2016.
On enlarging this orb, there is a cross inside it, and this is the energy of the Golden Flame of the Christ-light (the 'child' energy rebirthing) through the Rose.


While debuting as writer and Director, Shailendra Singh launches the dynamic duo of Adam & Eddie, who have created an album which is true to the young, hip travelling film. Together, they have also had the guts to be able to re-record - with a deep, Indian soul - the massive blockbuster You are My Sunshine, by Johnny Cash. "I can guarantee this song especially is going to be stuck in everyone's head, and on the tips of their tongues," says Shailendra.
The other hot Adam & Eddie original tracks to watch out for are: Main JeeRahaHoon, Chamdi Boys andNa Ho Paayi. A particular favorite of the Sunny Kauhsal's is the catchy and mellow, Phir se UddChala.


This lovely ginger pussycat was created using a hand cut stamp. I used a textured stamp to print each little triangle which form this awesome cat!
Each print is signed and numbered before being carefully sealed inside a cellophane packet. All my artwork is packaged with care to ensure that it remains clean and straight on its way to you!
Why not give this little cat a loving home, or treat your favourite cat lover to a wee gift!


A woman's focused emotional mind is sometimes a very logically unreasonable thing. Today is my forcasted O day and I'm shaking my head at how unreasonable I was this morning.
Last night, shortly after eating dinner, my DH got sick. He has a digestive disorder which causes him quite a bit of pain and other digestive ailments I'll not get into. I took a nap while he did his normal routine. Afterward, he crawled into bed and slept, I got up because I couldn't sleep.
I stewed over how we should be DTD but since DH cannot take care of himself, he got sick. We've both been eating unhealthy lately, and that can trigger an episode with him. He's also supposed to be taking a supplement and he hasn't. This same thing happened at the same time two months ago, and those were the only two times he's been sick in at least 4 months. I cried sabotage and felt he wasn't committed and wasn't pulling his own weight. After all, how could I get a BFP if the same thing happened 2 months ago and end with dear ol' AF?
I went to bed that night, upset. I tossed and turned and slept fitfully until the alarm went off for me to take my temperature. Shortly after, DH got up and I fell into a deep sleep. Unfortunately today is a very busy day and of course I oversleep. I never sleep past 9:30 but I did today. So from the get go I'm up in a bad mood. Normally I'm rarely upset from something the night before...if I am that's how I know it is really bothering me. Low and behold I'm still upset from last night, with the same thoughts going through my head.
We are open with each other, even under the notion that sometimes emotions are unjustified but we need to express them and deal with them objectively to understand the situation. I pick a fight with DH, say he's not taking care of himself and basically if we don't get a BFP this month that it'll be his fault. I'm upset and that it might not be fully justified, but I think some of it is. We talk about DTD but honestly I was too upset and didn't want to make a baby under those conditions. I just wanted some comfort, which I did not get from DH, but I had to leave so I left mad.
I did manage to cool off but it seems like after all these years DH still doesn't know when I just need a hug. When we both got home late tonight, we did have a discussion about the issues. I was unreasonable and hurt, he was dumbfounded, and in the end everything works out. Maybe I can blame this one on raging hormones?


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Featured book: They Knew
SupaduDev | Environment, Featured Books
They Knew presents the most definitive indictment yet of the US government's role in the climate crisis
In 2015, a group of twenty-one young people sued the federal government for violating their constitutional rights by promoting climate catastrophe and thereby depriving them of life, liberty, and property without due process and equal protection of law. In search of preeminent experts to make compelling arguments on behalf of their climate case, Juliana v. United States, the plaintiffs tapped James Gustave Speth—former Chair of the US Council on Environmental Quality during the Carter Administration and Administrator of the United Nations Development Programme from 1993 to 1999. They Knew: The US Federal Government's Fifty-Year Role in Causing the Climate Crisis provides an updated version of the Expert Report that Speth prepared for this lawsuit.
In They Knew, Speth analyzes how administrations from Carter in the late 1970s to Trump continued aggressive support of a fossil fuel based energy system. The book offers evidence supporting the children's claims, presenting a devastating and compelling account of the federal government's role in bringing about today's climate crisis.
What did the federal government know and when did it know it? Speth asks, and goes one step further: What did the federal government actively do and what did it fail to do?
Since Juliana v. United States was filed, the federal government has repeatedly taken unprecedented steps to delay the case and force it to the appellate courts' shadow dockets. Although the case has progressed slowly, it has inspired a generation of youthful climate activists.
"Will the [Biden] administration come to the settlement table and support the youths' standing in Juliana, or will it follow the path of its predecessors?" ask Julia Olson and Philip Gregory, co-counsels for the young plaintiffs in the case, in the book's introduction. "The youth will soon learn whether the new administration will stand up for their constitutional rights and their access to our Article III courts and stop perpetuating the climate emergency."
Whatever is to be the outcome of the landmark case, the arguments it presented have introduced a definitive indictment of the US government's role in the climate crisis.
They Knew in the media:
Speth speaks about both the book and President Jimmy Carter's legacy inThe Guardian.
'Decades ahead of his time': history catches up with visionary Jimmy Carter
Science reviews the book and outlines the history of the case, Juliana v. United States, that lies at its heart.
The children's climate crusade
A review of They Knew appears in Nature, calling the book "timely, clear and concise."
Witness in US climate-change lawsuit tells all
Bill McKibben, environmentalist and author of The End of Nature, interviewed Speth for Yale Environment 360.
They Knew: How the U.S. Government Helped Cause the Climate Crisis
PassBlue's Barbara Crossetteinterviews Speth about his work and They Knew.
New Pressures Are Shaping Environmental Debates, a Leader Says
"A rousing condemnation of a system bent on short-term gain against long-term health."
"Gus Speth has written a history of federal action and inaction on climate change that spares neither Democrats nor Republicans. They Knew is at once a searing indictment and a fascinating read."
—Elizabeth Kolbert, author of Under a White Sky and The Sixth Extinction
"Devastating. Enraging. Indispensable. Would that the world had more heroic elders like Gus Speth. He has produced a damning record that will become a potent tool for justice."
—Naomi Klein, author of This Changes Everything, The Shock Doctrine, and No Logo
Learn more about They Knew

redpajama_set_name: RedPajamaCommonCrawl


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Netherlands – Ukraine: Game Of Basketball Goes Netherlands' Way (3-2)
June 14, 2021 Erik Elias No Comments
In the most entertaining game of EURO 2020 so far, the Netherlands' tactical approach led to endless transitions, lots of individual players making their mark and five goals in one half. When the dust had settled in, The Netherlands had erased Ukraine's commendable comeback to start the tournament with three points thanks to a late winner from Denzel Dumfries.
Tactical analysis and match report by Erik Elias.
In what might be the nation most obsessed with football tactics, the national team's way of playing is always heavily scrutinized before a tournament. Let alone in the run up to the first tournament in seven years, after two missed editions in 2014 and 2016. Seventeen million national coaches had discussed the pros and cons of 5-3-2 and 4-3-3 for weeks on end. An Orange nation in limbo indeed…
When the opener against Ukraine was on the cards, De Boer decided to stick to his 5-3-2 starting formation, with Matthijs de Ligt missing out on injury. This meant Daley Blind, Stefan de Vrij and 19-year-old Jurriën Timber protected veteran goalkeeper Maarten Stekelenburg. In midfield, Marten de Roon and Frenkie de Jong played behind Georginio Wijnaldum. Up front, Memphis Depay was given complete freedom while Wout Weghorst acted as a more traditional number nine. This meant the Netherlands' formation could be seen as a 3-1-5-1 or 3-2-4-1 formation in possession.
Ukraine manager Andriy Shevchenko fielded a quite traditional 4-3-3 formation, with a talented youngster of their own in central defense in 18-year-old Illya Zabarnyi. In midfield, Serhiy Sydorchuk protected Oleksandr Zinchenko and Ruslan Malinovskyi. The most familiar Ukrainian names could be found up front: Andriy Yarmolenko, Roman Yaremchuk and Oleksandr Zubkov.
Ten shots in fifteen minutes
Most managers at EURO 2020 want to reduce the spaces in the middle of the pitch and want as little transitions as possible. Frank de Boer is not like most managers.
From the very fist minute, the Netherlands' defended using man-marking, which made for huge spaces to play in when bypassed. As a result, the first half felt more like a game of basketball than a game of football. Both teams had their first dangerous moment in the box when the game was barely three minutes underway.
Second minute, Dutch agressively press Ukraine's buildup using man-marking.
Because the Netherlands have a lot of players that thrive in these kinds of high tempo, open, end-to-end matches, they were the better team in the opening stages. As early as the fourth minute, the Netherlands could have scored the opener through Dumfries.
In transition or when Ukraine played through the Dutch first line of press, spaces would open up to attack. As a result no less than ten (!) shots were taken in the first fifteen minutes of the match.
Think we might be the easiest team in the tournament to play through when we press. pic.twitter.com/FK0H8tIIvh
— Erik Elias (@erikelias_) June 14, 2021
Peculiar Dutch buildup
The Dutch way of attacking can be seen as somewhere in the middle between a 3-2-4-1 and 3-1-5-1 shape. Once the ball was in the opposing half, Frenkie de Jong, Depay and Wijnaldum were given license to drift.
One of the more peculiar ways of building up included De Roon dropping next to the back three. This effectively created a five-versus-one overload When one team has more players in a certain area or zone than the other team. in the buildup. This might have been done to give Blind more space on the left side of field to push up. In most cases, it just led to sideways passes.
8th minute. Netherlands build up with a very narrow back four against Ukraine's set 4-1-4-1 defense.
After the initial flurry of chances, the game somewhat slowed down. The biggest Dutch chance would come for Dumfries – again – as he was at the end of a great Depay cross in the 37th minute.
The agressiveness of De Boer's 5-3-2 shape was symbolized by Van Aanholt and Dumfries, who were clearly instructed to play as high up the field as possible. As Depay naturally drifts left, Dumfries was often the only focal point for the Dutch on the right. Throughout the match, he would have the most touches in the box, create the most individual expected goals The amount of goals a team is expected to score based on the quality of the shots they take. and receive the ball closest to goal on average.
Let the goals begin
After a first half rich in chances but without goals, the Netherlands would open the scoring five minutes into the second half. Left back Mykolenko failed to deal with a pass from De Roon, giving Dumfries the opportunity to cross. As Ukraine goalie Heorhiy Bushchan dealt with this cross rather poorly, captain Wijnaldum was allowed a tap-in to score the first Dutch goal at a European Championship since EURO 2012.
The Dutch did not alter their approach much after this and kept attacking. Six minutes later, another late run from Dumfries resulted in another instance of clumsy defending by Ukraine. This gave Weghorst the opportunity to score his second international goal for the Netherlands and the second Dutch goal of the night.
Dumfries saves the day
The Dutch approach does not allow to sit back and defend in a zonal 5-3-2 or 4-4-1-1 shape. Wijnaldum, Frenkie de Jong and De Roon keep man-marking well into their own half. This creates unusually large amounts of spaces in front of the defense for the opponent.
Ukraine made good use of this to score their Anschlusstor. Yarmolenko – who had been anonymous up until that point – set up a one-two combination and drifted inside. Since there was no defensive midfielder to cover, Yarmolenko could easily receive, dribble inside and pick out the top corner. 2-1 with twenty minutes to go.
Yarmolenko's goal after 72 minutes; notice De Roon and Frenkie de Jong.
Five minutes later, Ukraine completed their shock comeback with a headed goal from Yaremchuk, after a great delivery into the box by Malinovskyi, silencing the Johan Cruijff ArenA. After creating next to nothing for over an hour, Ukraine had done the seemingly impossible and scored two goals from three shots.
As the Dutch setup is currently optimizing for the offensive production of Dumfries, it was only right he would take the stage and score the winner. After he had missed two big chances in the first half, he was on the end of a splendid Nathan Aké cross in the 85th minute. If there is one thing the PSV Eindhoven captain embodies, it is fighting spirit. He kept the Dutch hope alive here by not giving up after that first half and was rewarded for it in the end.
There is a lot to say about the Dutch way of doing things this tournament, but it is not going to be boring. Their approach is outdated, asks constant awareness of defenders and holding midfielders and seems very intensive, especially after a season like this. We might see them play a game of basketball instead of football for a couple of more games, but who's against that?
Ukraine should probably progress from this group, but will scratch their heads over how they gave away their 2-2 draw. In the end, their 0.55 expected goals is not very impressive against a side as open as the Netherlands. A key game against North Macedonia immediately awaits.
Tags: Andriy ShevchenkoFrank de BoerNetherlandsUkraine
By: Erik Elias
Erik Elias (27) is co-founder and chief editor of Between The Posts. Dutch, so admires Johan Cruijff and his football principles, but enjoys writing about other styles as well. Former youth coach. Videoscout at digital scouting consultancy 11tegen11. 'Quality without results is pointless. Results without quality is boring.' [ View all posts ]
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Max Bergmann April 21, 2019
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Kareem Bianchi September 15, 2019


We've gotten all the colonies in place. No place like home. On the 12th and 18th of April, we hived 8 packages. Two weeks ago, on May the 10th, we picked up two nucleus hives, or "Nucs" for short. A nuc consists of 5 full frames, with a queen, a full complement of workers, and cells full of honey and brood in various stages of development. These bees have all been working together for at least a couple of months, in fact they may have helped pollinate the almond groves in California this past month or so. (They're also about 40% more expensive than a package).Now… Sarah Rushfeldt in Dresser, Wisc, has been working with honey bees since 1996, and has grown her business to 100's of hives. Not bad for a 25 yr-old college kid!
My friend Tom and I took the 80 mile drive up to Dresser (thank goodness for GPS), and found Sarah out in the field with about 500 hives, with another 500 expected that afternoon. Once we saw what 500 hives looked like, we decided that Tom should have worn something other than shorts. He stayed in the car and took a few pictures of the field, while I picked up the nuc boxes, got them into the trunk, and then we were on our way home.
Part of 500 hives just back from almonds.
Just a little later in the afternoon, Cindy and I took the nucs out to hives at Zweber and Sanders Farms bee yards. The rain was coming in fast, so I had to move fast. And man, these girls were ticked off. They had just been trucked from California, pulled out of their traveling box, and thrown into a smaller nuc box, and then dropped into a new hive under cloudy, rainy skies. You'd be cranky too. (I only got two stings with all this brouhaha. My left index finger looked like a knackwurst suasage for a couple of days ;).
So our colonies are all set for the season! I'll have an update later this week with the final locations for your personalized hives, boxes and frames and a report on how all the colonies are looking. (11 out of 12 colonies are looking pretty darn good).
Spring is finally here, and we're excited for the honey bees to get down to work (dandelions are just starting to bloom, which means nectar for them to work into honey) and get settled in to the summer hum.


"0 genera of Jinns and Humankind, If you are able to penetrate beyond the realms of the heavens and the earth, then penetrate. You cannot penetrate except with an authority .... 55:33"
COMMENTARY: In the preceding verse Jinn and Humankind were addressed as 'Ath-thaqalan' and warned that their deeds will be reviewed and every single one of them will attract reward or punishment. The current verse purports to say that no one will be able to hide from death, nor will anyone be able to escape from attendance or giving account of actions on the Day of Judgement. This verse does not use the expression 'Thaqalan' as in the preceding verse but explicitly uses the expression (0 genera of Jinns and Humankind) 'Jinn' is mentioned first followed by 'men' presumably because a high-power energy is required to pass through the confines of heaven and earth. Allah has given Jinns more power than human beings in such matters. The meaning of the verse is: '0 Company of Jinn and human beings, if you think that you will be able to find refuge and thus avert death by avoiding the angel of death or run away from the Plains of Gathering or the Plains of Reckoning, then try to cross the bounds of the heavens and the earth if you have the power and ability to do so.' This is no mean task. This requires high-powered energy. The combined forces of Jinns and Humankind will not be able to harness the energy to go beyond the confines of the heavens and the earth. The purport of the verse is not to show the possibility or probability of passing beyond the zones of the heavens and the earth. The proposition is hypothetical. The purport of the verse is to demonstrate the utter powerlessness and inability of men and Jinns to achieve this feat.
Born into loving hands like newborn Queens and kings .
Our only need mothers milk and her protective wings .
Came without clothing , yet mother is doting .
Grown up , from one you became two .
From two , to three and four , by the grace of who ?
The nest starts to empty , even your spouse must depart .
Back to square one , you are torn apart .
There is no protective wing , you are now without a thing .
Seek solace in the quite and tranquility within your Being .
You will be born in a new world , in the loving hands of Allah .
* Mass Janaazah for New Zealand Mosque Attack Victims - Following the tragic loss of life on Friday in Christchurch - New Zealand, the families of the deceased now seek closure.
* Appeal For Hamas To Withdraw Security Forces From Parts of Gaza Strip - Several Palestinian factions are calling on Hamas to withdraw its security forces from the streets and main squares and to release Palestinians who were arrested for protesting high prices and taxes in the Gaza Strip.
Mix boiling water, saffron, elachi and 3 tbls sugar and set aside. Boil milk n carrots till half reduced. In another pot braise sojee n ghee, once done add water n cook thereafter add milk mixture and mix well. Add 1 small tin nestle cream n 1 tin caramel treat. Cook everything till well done serve and enjoy.
The elephant snatched up the lion with his trunk, slammed him against a tree, stomped on him and then ambled away.


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Chapter 3. General requirements to avionics
3.3. Avionics requirements according to FAR-25
Aviation Administration FAA has developed and adopted international standards of civil aircraft airworthiness in adjutancy with Aviation Regulations (Federal Aviation Regulations - FAR), Part 25 [61].
In accordance with the Paragraphs of the 1301, all-board equipment must be installed in the areas, designated to it, and perform all the functions.
Paragraph 1303 indicates the presence and flight - navigation instruments allocation.
The equipment that must be installed so that a pilot can see it from his workplace:
ambient temperature indicator;
clock, showing hours, minutes and seconds with a second hand or with a digital display;
magnetic compass.
The information, which should be provided to each pilot:
airspeed indicator. If Airspeed limitations vary with the altitude, the indicator must have an indication of maximum allowable air speed, which shows the rate of speed, depending on the altitude;
altimeter;
vertical speed indicator;
Turn and Bank Indicator of gyro-type;
Roll and pitch indicator;
Heading indicator (magnetic or nonmagnetic).
Installing of warning device of exceeding maximum allowable speed with efficient audio alarm is obligatory. Each pilot must be provided with Mach number indicator.
Paragraph 1305 describes control devices of the propulsion and its arrangement in the cockpit.
Paragraph 1307 requires the installation of two or more independent sources of energy, systems for electronic equipment protection, two systems duplex communication with a control panel for each pilot (failure of one of the systems should not affect the operation of another), and two independent navigation systems.
Paragraph 1329 is devoted to automatic control system. It should be of approved type, and be constructed so that the automatic control could be quickly and reliably off by the pilot so that it does not affect the airplane control.
Paragraph 1431 refers to all radio and electronic equipment. Controls and systems allocation should be established so that the operation of any device or system does not affect the work of other avionics systems.
3.1. Avionics requirements
3.2. Avionics requirements according to international standards EASA
3.4. Avionics requirements according to ARINC
AVIONICS > CHAPTER 3. General requirements to avionics > Avionics requirements according to FAR-25


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Home Data Report: Esports sponsorship predicted to reach $615m in 2020
Report: Esports sponsorship predicted to reach $615m in 2020
Tom Daniels
Much has been documented about esports' rise in popularity, with many traditional sports fans turning to the sector, resulting in new competitions being created and certain titles, such as FIFA and F1, increasing in viewership.
However, according to a report by marketing intelligence service WARC , esports has also continued its growth in sponsorship and advertising despite the global health pandemic. The firm is predicting that in 2020, a total of $615m will be invested into the competitive gaming industry through sponsorship of competitors or tournaments alone.
Additionally, a further $229m is expected to be spent on spot ads during esport broadcasts, which has risen from 2019's figures by 1.7 per cent. WARC highlighted the significance of this rise considering the firm is predicting that traditional TV advertising will fall by 13.8 per cent.
Overall advertising and sponsorship in the sector is expected to rise by 9.9 per cent worldwide in 2020. Despite the growth being a major positive compared to other industries, the sector has had its struggles due to the global health pandemic with the rise less than half the growth rate in 2019 (20.9 per cent).
Looking to the future, the report also highlighted that the sector is on track to total $1 billion in brand investment by 2022.
Other topics discussed in WARC's report include the changes in viewership across the world, how many adults have tuned into esports for the first time and the rise of mobile gaming during lockdown.
Outside of sponsorship and branding, WARC also researched the growing popularity of streaming and the impact that has on linear TV. According to a study by the firm, 41 per cent of 16–24 year-olds watched at least one gaming stream in the last month with data showing that younger viewers consider streaming the 'new prime time'. This is highlighted by streaming platform Twitch generating an average audience of 1.9m per day, with its demographic predominantly Gen Z.
On these findings James McDonald, Managing Editor, WARC Data, and author of the research stated: "The gaming content world is evolving quickly. Streaming is the new prime time for much of Gen Z, and Mixer's shuttering this month served only to highlight the stranglehold Twitch has on the market. Tencent may yet prove a challenger in the US with Trovo this year, but it has a great deal of catching up to do along with Facebook and YouTube.
"Competitive gaming is big business in Asia – where Tencent is already king – though traditional sports fans in the West are yet to be wooed, with existing audiences instead consolidating during lockdown.
"A great deal of merger and acquisition activity, especially around media rights within esports, is expected in the short term as investors vie for control of potential windfalls."
esports sponsorship
James McDonald
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He's here!….. I am so excited to introduce the latest addition to our family… meet REGGIE!
This little boy is a Malshi which means he is a cross between a Maltese and a Shihtzuh.
We finally brought him home after meeting him 5 weeks ago.
The car journey home was 3 hours long in terrible weather and I rode in the back next to our little bundle in his special car seat. He slept the whole way.
So we have a tiny ball of fluff with comical stubby legs. He really is the cutest puppy I have ever seen. Ok, maybe I'm biased.
Our house is full of toys from teddies to chews and Reggie has settled in so quickly.
He knows his own name and sleeps happily in his own bed, even at night, going to his bed before we go upstairs and sleeping until we come down in the morning.
He has stopped using the puppy pads for the last day or two and is toileting outside.
We had to buy a new collar as he's just so tiny the first one could have fit around his middle! He enjoyed his car ride to the pet shop and was of course treated to yet more toys.
He is being a dream, although I'm sure as he grows and becomes less tired and more energetic he'll keep us on our toes. Or rather, we'll be hiding our toes from nibbling teeth!
What an adorable little pup! You must spend all day cuddling him! I just love Malteses so this breed seems perfect to me!
I'm dying of cuteness omg! I can't wait til I get my own little puppy in the future!
Good lord he's the most amazing thing I've ever seen!!!
We had a rescue last week but he attacked hubby and had to take him back! It was awful! So now thinking about a puppy instead!!
Such a cute puppy! I wish i could get one! I am more of a cat person but really so cute!
Isn't he the cutest! He loves a good fuss!
This makes me want a doggy so much more! I would love baby to grow up with one!
Our children love him and thankfully the novelty of a puppy didn't last long, meaning he can have peace and quiet when he needs it!
Oh my heart! What an adorable pupper!
Oh myyyy what a little sweetie! So small! Bet you're very busy these days!
Aw, he's so cute!! This is such a lovely post!
REGGIE! You're so adorable! I bet mummy is so proud to have you!
I'm so jealous! He's so adorable! His blanket looks so cosy.
What a sweetheart!!!! He will definitely keep you on your toes! Little dogs are so rambunctious!!!! Love it! Good luck with everything!
I think he must be the cutest puppy i have even seen!
dreamteam haha, i follow Reggie on instagram (ops and you) so although its my first time reading your blog i feel at home. Love to Reggie and all the fun you'll have along the way.
Aww he is so cute! We have an 11 week old Puppy in the house and she isn't as well trained as this yet! Must be a lovely addition to the family!
Oh my goodness me! He is the sweetest! And sounds much better behaved than my two year old dog! Haha I'm glad to see I'm not the only one that buys 300 toys for my dog haha I wish you all the luck with the new addition! You're very lucky he's sleeping through the night!
OH MY GOD!! He is the cutest little thing I've EVER seen! I'm so jealous, I want one!
Ah he's adorable and what a cute name! Thanks so much for linking up to #TriumphantTales – hope to see you again on Tuesday!
Ooooh eemmmm geee is he a cutie! I love him! Nothing like a puppy ot make your day a good one! Gatsby is on my lap, as I type! #dreamteam Congrats to you!
It certainly is! He is currently chasing my other baby… my 1 year old!


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The Bradley County Truth Project
New questions raised in Bradley County surveillance van sale
Chattanooga Times Free Press | Judy Walton | April 5th, 2016
"A Bradley County, Tenn., commissioner on Monday had more tough questions over how the sheriff's office handled the sale of a county surveillance van in February.
Some commissioners have questioned why the van, which they say had more than $100,000 worth of surveillance equipment aboard, was sold to a Nashville bail bondsman and businessman for $20,000.
At the county Finance Committee meeting Monday, Commissioner Dan Rawls pressed Sheriff Eric Watson to explain why there was so little documentation for the transfer of a costly county asset — not even a bill of sale, just a copy of a cashier's check with no notation what it was for.
"We don't have anything tying anything together," Rawls said. " I don't see a paper trail here. All I see is we transferred a vehicle out of our possession that was worth a considerable amount of money and now we have a $20,000 check but that check doesn't tie to anything.
"To be honest with you, I don't like the way that smells. I think this needs to be looked at further," he said. " I would like to have an investigation done on this. I want to know what went where. I want a bill of sale. I want all of that. To show that this check went with this van when it was for this amount."
Finance Committee Chairman Milan Blake said whether to call for an investigation would be up to the full commission.
Watson defended the sale, saying the county got the best deal it could for what he called "obsolete" equipment. The sheriff's office tried to sell the 2006 van on GovDeals.com, where it frequently disposes of surplus property, but Watson said the top bid of $12,000 was well under the $30,000 reserve price set for the vehicle.
So, he said, he took the van to the Tennessee Sheriff's Association's winter expo in Franklin, Tenn., in January. He said the Tennessee Bureau of Investigation looked it over and didn't put in an offer. The Hamilton County Sheriff's Office said it would pay $12,000, he said.
"Call them and ask them," the sheriff said…"
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We all have different style of playing poker and in poker patience is the key.However,Their are numerous poker tactics used by poker player like us.
#Whenever I have best hand I generally show opponent I have nothing by checking and if he/she bet than the ball is in my court (Basically ,he/she get trapped).
SO what type of tactics you use in online poker(tournament/Cash game)?
This tactic you're talking about is called slow playing. It's just a perfect exemple how of the tactics to be used depend on the moment and your opponent.
Sometimes you have a very aggressive player against you, and this may work. But if you receive an AA and plays this way against a very tight player, you will not be able to extract a lot of value, the game will be extended to the river and the vilain could fold after all, or worse, you see your great starting hand being beat by a weak one by the board cards.
More, if you begin to repeat continually this tactic, the other players no longer will pay your bets, and you will not get a real value with your big hands.
It is a matter of analysis on what is happening on the table. Sometimes it can be good to hide the game, sometimes it's better to be aggressive. The important thing is to confuse your opponent as much as possible, so that the hand control is with you.
I know each situation is different but that was just an example.The thread is about your tactics "not about to analysis advantage or disadvantage of others tactics".
that's a simple answer to your general question.
One of my tactics is when in late position and i've raised 3-4 times the bb with KTs+ and there's one caller, if the flop brings low cards i overbet the pot to represent a big pair the majority of time vilain fold. works perfectly especially in mtts.
good reply, i was expecting this type of answers.
One strategy I use is to make small bets on flop and turn and then really big overbet on river (if I just get called on flop and turn and no scary cards come out on the river). I mix it up here, with mostly going with very good hands as opponent thinks you are trying to steal the pot, and will call in a majority of cases with second pair.


I'm looking for a way to customise user registration email. I've found the corresponding text in EmailInviteDocTemplate.ftl , and the extension is org.nuxeo.ecm.user.registration.UserRegistrationService but my customised template is not taking effect. Can you tell me what i'm missing ?
What do you mean, "not taking effect"? It is not displayed? Where and how have you edited it?


PlatinumGames signature fast action allows instant robot to vehicle attacks, slam downs, counterattacks, and infinite combos to create a unique combat system. Wreak havoc on the DECEPTICONS as OPTIMUS PRIME, BUMBLEBEE, SIDESWIPE, WHEELJACK and GRIMLOCK.
5 difficulty levels with overhauls in enemy composition, combined with a deep customization system, means hours of intense gameplay.


text:
JAUZ @ The Catalyst 11/7/18 Show Review by Josh aka DJ iEHOA
Sam Vogel better known as JAUZ brings his shark squad to invade the waters of Santa Cruz on November 17 at The Catalyst. Based in the Bay Area, Jauz produces tracks across many genres such as future bass, dubstep, and his main genre bass house. Most people would recognize him for his song "Feel The Volume". He has also collaborated on many tracks with superstar DJ's Skrillex, Marshmello, Tiesto, DJ Snake and Diplo.
After many years of producing hit dance singles Jauz in November of 2017 he announced that he would become the CEO of his own record label Bite This and in August of 2018 would release his first studio album "The Wise and the Wicked". Shortly after the release of his album he goes on his first Bite This tour which showcases Holy Goof and Skepsis (who did not play in Santa Cruz) two of many artist signed onto the label.
We open the show up with Connor Bvrns an upcoming DJ from LA who has just recently opened up for Diplo. His set slowly but surely set the mood for the night from playing many tracks across genres from trap to moombahton. One song that really stuck out to me from his set is hearing "Love Again" by Slander which immediately gave me a nostalgic vibe as I haven't heard the song live since 2016.
Right after his set Holy Goof takes the stage. From the UK, Holy Goof was my most anticipated set for as I was very excited to hear the sounds of the UK come to the US. Holy Goof did not hold back at all unleashing UK Bass House tracks that amazed the crowd.
Unfortunately, during this set, I had experienced a recurring issue that I have had at The Catalyst which involves the crowd's lack of spatial awareness in the middle. I quickly avoided this mess by moving towards the left side of the venue which had more space to dance without having to miss out on most of the light show.
While Holy Goof's set was full of energy, Jauz quickly stole the show as soon as he came on. All throughout his 1 and ½ hour set, he did a good job in blending many different styles of music from Dubstep to House. Playing many tracks from his album, "The Wise and The Wicked" I felt complete when I got to hear my favorite track from the album, "Acid or Techno".
In all, I would give this show a 7/9 ★★★★★★★☆☆ on my scale.
The show overall was great! While I still had to deal with people's lack of spatial awareness, the energy was high and it never went down at all throughout the night. Great mixing from all the supporting DJ's and a great set from Jauz.
Follow JOSH for more EDM content
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Hi friends!! Its sure been a while since my last post but i think my winter hibernation is finally over since it feels like we just skipped spring and are heading right into summer. Im going to try not to complain about the heat but I think I say that every year and when we hit 90 on thursday im pretty sure any attempt at civility towards nyc humidity will be out the window.
More on that later. For now I just wanted to share a delicious new addition to my favorite soup repertoire that is perfect for this time of year because it can be eaten hot or cold. Asparagus soup with the addition of ramps for a garlicky bite – but if ramps are no longer available or you cant find them just sub in a leek or two, this isn't an overly fussy recipe so just go with the seasonal flow. Also if the soup is not as vibrant a green as you might like, feel free to add some plain greek yogurt at the end (i will put this all in the notes so you have it all in one place).
Clean ramps thoroughly, trim off the bottom bulbs and give them a rough chop - we are blending so the size does not really matter here.
Melt butter in a large, wide-rimmed, pot and add the ramps. Cook over medium heat, stirring occasionally until tender and starting to brown, about 5-7 minutes. Deglaze with the white wine and scrap up any brown bits on the bottom.
Add the asparagus and 2 cups of the parmesan broth, season generously with salt and let cook until the asparagus are tender, 5-7 minutes.
Working in batches, put everything into a blender or food processor. Blend until smooth, adding that last cup of broth to adjust the thickness to suit your taste.
Season with salt and pepper to taste. Serve hot or cold with parmesan crisps.
Heat oven to 400˚F and line a baking sheet with parchment or a silpat. Sprinkle parmesan into cookie-sized rounds and bake until golden brown, about 5 minutes. Serve whole or break into pieces.
**i sometimes feel my soup comes out a not so nice shade of green and so will add a bit of yogurt while blending to brighten it all up.
Looks delicious! I wish this were in my most recent care package!


"That sounds good," said Farmer Fred.
"I think we should be ready in a week or two," said Christopher.
"That is perfect," said Christopher.
"What is perfect.? "asked Olive Onion as her and her husband, Oliver, came into the barn.
"We have our first gig looked," said Christopher.
Olive and Oliver both started to cry.
"We are overwhelmed by the heat," sobbed Olive.
"And the good news you just gave us," sobbed Oliver.
"I didn't know that about onions," said Christopher.
"We are big cry babies," said Oliver.
At that statement, Olive and Oliver let the floodgates open. They cried their eyes out.
"That feels better," said Olive after about ten minutes of crying.
"Yes it does," said Oliver.
"I am sorry for being such a cry baby," said Olive.
Olive and Oliver were surprised to hear that Christopher cries, too. He always seemed to be the strong one of the group. They were also happy that they could show their emotions without being ridiculed.
It is good to show our emotions.
Example: Christopher Corn tells Olive and Oliver Onion that they should never be ashamed to show their emotions.
This entry was posted in Fresh Veggie Family Stories, Grade 3 Level, Summer Stories, Summer Story Challenge 2017 and tagged barn, celebration, celebrations, Christopher Corn, cry, garden, happy, Olive and Oliver Onion Cry in the Summer Heat, Oliver Onion, Olve Onion, song, summer heat. Bookmark the permalink.


This is a children's book, and the first thing I noticed about it was the quotations from other children's books at the beginning of each chapter. As I was reading, it occured to me on more than one occasion that I'd like to go through and read every single book that was quoted. This was no doubt encouraged by the fact that the story line revolves around books. There is amazing descriptive power in here about them — about their feel, about their bindings, about imagination, and where they can take us. I was drawn into it so much that I felt like the pages were more crisp in my hand as I turned them, and that the book I held in my hands was somehow more real. It no doubt contributed to the believability of the story itself.
The reader is drawn into the story right from the very beginning, and taken away into this wonderfully realistic but magic world with mystery and adventure. The descriptive detail extends beyond the books into the scenery and characters, enhancing the story further. Unfortunately some holes creep into the narrative in the final chapters, and many aspects are left suspiciously unanswered. I got the feeling that the conclusion was a little slapped together and not as well thought out as what lead up to it. Aside from what I thought were a couple glaring inconsistencies in the concept at the climax of the novel, it was a very satisfying read.


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Crisis, what crisis? Arrogance and self-satisfaction among macroeconomists
My recent post on economics teaching has clearly upset a number of bloggers. There I argued that the recent crisis has not led to a fundamental rethink of macroeconomics. Mainstream macroeconomics has not decided that the Great Recession implies that some chunk of what we used to teach is clearly wrong and should be jettisoned as a result. To some that seems self-satisfied, arrogant and profoundly wrong. I've already mentioned one example, but here is David Ruccio, who asks in contradiction "What I want to know is, which part of that theory doesn't need to be reexamined in light of the events of the past few years?"
He then gives some examples. The first is a bit annoying. He says "where is the history of the theories and debates that have taken place in macroeconomics since at least the publication of John Maynard Keynes's General Theory?" It's annoying because I ended my post making exactly this point, and arguing that some account of this history of macroeconomic thought should be brought into the teaching of the macroeconomics core. But the issue I want to focus on here is why I don't think the financial crisis requires a fundamental rethink of macroeconomics, despite articles in the media (e.g. here) suggesting is should.
Let me be absolutely clear that I am not saying that macroeconomics has nothing to learn from the financial crisis. What I am suggesting is that when those lessons have been learnt, the basics of the macroeconomics we teach will still be there. For example, it may be that we need to endogenise the difference between the interest rate set by monetary policy and the interest rate actually paid by firms and consumers, relating it to asset prices that move with the cycle. But if that is the case, this will build on our current theories of the business cycle. Concepts like aggregate demand, and within the mainstream, the natural rate, will not disappear. We clearly need to take default risk more seriously, and this may lead to more use of models with multiple equilibria (as suggested by Chatelain and Ralf, for example). However, this must surely use the intertemporal optimising framework that is the heart of modern macro.
Why do I want to say this? Because what we already have in macro remains important, valid and useful. What I see happening today is a struggle between those who want to use what we have, and those that want to deny its applicability to the current crisis. What we already have was used (imperfectly, of course) when the financial crisis hit, and analysis clearly suggests this helped mitigate the recession. Since 2010 these positive responses have been reversed, with policymakers around the world using ideas that contradict basic macro theory, like expansionary austerity. In addition, monetary policy makers appear to be misunderstanding ideas that are part of that theory, like credibility. In this context, saying that macro is all wrong and we need to start again is not helpful.
I also think there is a danger in the idea that the financial crisis might have been avoided if only we had better technical tools at our disposal. (I should add that this is not a mistake most heterodox economists would make.) A couple of years ago I was at a small workshop organised by the Bank of England and ESRC, that got together mostly scientists rather than economists to look at alternative techniques of modelling, such as networks. One question is whether finance and macro could learn anything from these other disciplines. I'm sure the answer is yes, and I found the event fascinating, but I made the following observation at the end. The financial crisis itself is not a deeply mysterious event. Look now at the data on leverage that we had at the time, but too few people looked at before the crisis, and the immediate reaction has to be that this cannot go on. So the interesting question for me is how those that did look at this data managed to convince themselves that, to use the title from Reinhart and Rogoff's book, this time was different.
One answer was that they were convinced by economic theory that turned out to be wrong. But it was not traditional macro theory – it was theories from financial economics. And I'm sure many financial economists would argue that those theories were misapplied. Like confusing new techniques for handling idiosyncratic risk with the problem of systemic risk, for example. Believing that evidence of arbitrage also meant that fundamentals were correctly perceived. In retrospect, we can see why those ideas were wrong using the economics toolkit we already have. So why was that not recognised at the time? I think the key to answering this does not lie in any exciting new technique from physics or elsewhere, but in political science.
To understand why regulators and others missed the crisis, I think we need to recognise the political environment at the time, which includes the influence of the financial sector itself. And I fear that the academic sector was not exactly innocent in this either. A simplistic take on economic theory (mostly micro theory rather than macro) became an excuse for rent seeking. The really big question of the day is not what is wrong with macro, but why has the financial sector grown so rapidly over the last decade or so. Did innovation and deregulation in that sector add to social welfare, or make it easier for that sector to extract surplus from the rest of the economy? And why are there so few economists trying to answer that question?
Postscript. As Richard Portes points out to me, the last sentence is a little unfair: see here and here, for example
Labels: crisis, finance, macroeconomics
BSF 11 July 2012 at 06:22
Multiple equilibrium models tend to strike me as strained, because of the need to explain how the system falls below the intervening unstable equilibrium to converge on the lower stable one, and they also have the problem of explaining how to devise policies which would take the economy back from an un-shifted lower stable equilibrium, to a point above an un-shifted intermediate unstable equilibrium, so that it can converge on the upper stable equilibrium (and the dynamics of the model have to be able to accommodate both the fall and the policy-driven recovery). I tend to prefer single equilibrium models where some shocks simply disturb the system without shifting the equilibrium and others, in a sense more Keynesian shocks, shift the equilibrium down. (So I'm defining a Keynesian equilibrium as one in which unemployment is permanently, and not just temporarily, elevated beyond the full employment level.) That said, I admit that it would be difficult to distinguish the two cases empirically, and a shock which might shift my single stable equilibrium down might equally knock the system down below an unstable equilibrium in a multiple equilibrium model.
Arguably the biggest weakness in textbook macro models has been a tendency not to give enough attention to how the banking and finance sectors behave, which would imply that we need to add optimizing behaviour in that sector into the macro models. To add some Hawtrey into the Keynes.
Matthew Martin 11 July 2012 at 12:16
It doesn't always require a measurable shock to shift the economy from one equilibrium to another. I have in mind the models of "sunspot equilibria" (see here http://www.karlshell.com/sum1.html) in which the economy can shift between equilibria arbitrarily--essentially, which equilibrium we observe depends only on which one people believe we are at, so anything that shifts those believes will produce a shift from one equilibrium to another.
Generally speaking, you can still derive policy prescriptions from multiple-equilibria models--while it may not be possible quantitatively to see what policies will move us from one equilibrium to another, it is quite possible to implement policies that will locally shift the equilibrium and can therefore be welfare improving.
Thomas Zaslavsky 14 July 2012 at 08:58
In statistical physics multiple equilibrium models are natural models of some real systems. Single equilibrium models are natural models of simpler real systems. (Ising models come in both flavors. Recently, multiple equilibrium models have been getting much attention. They are similar to some models of social systems.) In multiple equilibrium models, several equilibria may be lowest. Several equilibria may be stable without being lowest. The picture is more complicated but it is realistic.
If you want to know how a system can move from one equilibrium to another, one answer is random motion. In real life, there is always random motion (at least, it appears random to us), so no equilibrium is perfectly stable.
In complex systems, moreover, equilibrium can be more fiction than fact, in that a real system never gets close to equilibrium. A closed system can be expected to approach equilibrium (in the long run) but economic systems are open systems, subject to external shocks (such as political and technological shocks), and therefore equilibrium can easily turn out to be an irrelevant mathematical concept. I don't mean to dismiss equilibrium as meaningless but I do think there's a fundamental weakness in not considering why it may be inappropriate in real circumstances.
Mike Sax 11 July 2012 at 09:20
I came across this provocative comment at the first piece in June by Olafur Margeirsson. I have never heard this before.
"I must ask you, are you speaking of the IS-LM model? For there is nothing truly Keynesian in it. Hicks already had it in mind at least 5 years before Keynes wrote the GT and Keynes in fact rejected his analysis in a private letter to Hicks. The IS-LM is not Keynesian but "fiscal-neoclasscial".
http://mainlymacro.blogspot.com/2012/06/teaching-macroeconomics-after-crisis.html?showComment=1342023116878#c7489309054357804555
Here is my question-I left it at the other post too:
Olafur your statement that Keynes rejected IS-LM in a private letter I've never heard-that doesn't mean it's right or wrong just I've never heard it.
I thought Skidelsky has written the most authoritatively on Keynes and according to him Keynes in his own life time chose not to fight IS-LM for pragmatic reasons.
Obviously I know that IS-LM was at best an amalgamation between GT and the Classical School but did Keynes really reject it?
I'll take an answer of cours from either Olafur or anyone else who knows
These guys are opportunists from other parts of the 'social sciences'.
There's approximately a fixed amount of resources available for all social sciences. This may take the form of direct subsidy, or it may take the form of demand by students for undergrad/grad programmes etc.
It's perfectly rational for all the old Heterodox axe-grinders and other quantitative-method haters etc to make the best of the financial crisis by extrapolating to a crisis in academic economics. Obviously the connection is seamless.
An excellent example of Poe's Law in action. I can't tell if you're parodying economists or you are one!
Metatone 11 July 2012 at 13:29
"The really big question of the day is not what is wrong with macro, but why has the financial sector grown so rapidly over the last decade or so. Did innovation and deregulation in that sector add to social welfare, or make it easier for that sector to extract surplus from the rest of the economy? And why are there so few economists trying to answer that question?"
The basic problem with macro and micro highlighted by the crisis is that too many economists who have influence on policymaking believe that both macro and micro economic systems are "self-correcting and self-stabilising" by nature. (Or even if they don't "believe it" religiously, are happy to use it as an assumption almost unthinkingly.) There's also a distressing tendency to appeal to "state of nature" arguments as a moral value scheme.
This is the root cause of the deregulation of the financial sector. Said deregulation allowed it to grow, largely in ways that merely involved using technology to amplify the recreation of commercial strategies that existed before 1929 and were then regulated.
A parallel belief is also virulent amongst economists - market relativism - basically if something is the product of a market, they cannot assess it to be low value. And that answers why few are interested in investigating.
A great example of this is the high-frequency trading arms race. There's plenty of circumstantial evidence that HFT favours big firms in an oligopolistic manner, that some firms abuse their power in ways similar to insider trading. Further, there's solid modelling evidence (see Beinhocker's book) to suggest that extreme liquidity (the usual cited benefit) actually creates increasing volatility in a dangerous positive feedback loop.
Yet ask almost anyone in financial economics they'll default to defending HFT as a "natural" outgrowth of the market and often in addition cite liquidity to defend millisecond and shorter trading. And ask anyone in macro or micro about it and they'll tend to defer to the financial economists...
An emphasis on multi-equilibrium models could help. But even then I fear stability tends to be taken for granted.
Smart comment. Thanks.
I think, very simply, there's something important being missed: while it can be argued that "somehow" regulation was suddenly loosened, and innovation and speculation intensified in response, as a "natural" result, this is seeing things upside down.
The very pressure to go into increasingly speculative and financial-innovative/HFT mode comes, first, from the evaporation of the sphere where more traditional productive investment can take place. Even in the Chinese economy, investment is occurring, not in places where it does the greatest good for the greatest number, but in places where maximization of profit is the driver.
As long as you have an overall economic system that is structured by the goal of maximizing ROI with return being financial, rather than social, in definition, this kind of traditional crisis of overproduction - signaled by a massive and intensive wave of speculative adventuring - is going to occur over and over again.
Nothing less than a complete transformation of the principles of investment and production is going to change that fact.
Good points. The one error in Metatone's comment above is that it attributes the "root cause" of deregulation to modeling instead of politics.
Your comment rightly emphasises the importance of making political decisions. I'm not so sure "the sphere where more traditional productive investment can take place" did evaporate; more likely, the returns in speculative finance were easier and larger due to the huge flow of money at high velocities (epitomized by high-frequency trading, but not limited to that).
Economics has the good answers, but it is up to economists to ask the good questions.
Economists and policy makers don't focus enough on the questions.
'To understand why regulators and others missed the crisis, I think we need to recognise the political environment at the time, which includes the influence of the financial sector itself. And I fear that the academic sector was not exactly innocent in this either. A simplistic take on economic theory (mostly micro theory rather than macro) became an excuse for rent seeking. The really big question of the day is not what is wrong with macro, but why has the financial sector grown so rapidly over the last decade or so. Did innovation and deregulation in that sector add to social welfare, or make it easier for that sector to extract surplus from the rest of the economy? And why are there so few economists trying to answer that question?'
The answer is in this very paragraph. In what way does it make sense to argue that 'macro economics' can be quarantined from the failure of 'the theories from financial economics'? Is it really possible to claim that there was no interchange between the two, no dialogue? Of course not. This simply makes financial economics the scapegoat for wider failings.
These issues are sociological and political, including the sociology of the segment of knowledge branded as economics. If, as is claimed,'there so few economists trying to answer that question' the answer lies in the effects of the sort of regulatory capture of the political system by financial institutions described by Simon Johnson and the role played by some notable economists on behalf of those financial institutions, all of which acts against precisely the sort of forensic intellectual effort that is required.
The sad thing is that none of us can move on until economists move away from spurious notions of objectivity and instead reflect on the conditions, political, social and, yes, economic, under which they produce knowledge for consumption by financial institutions and political elites. It is economics itself that is in need of being endogenised.
Economics ... political science?
Don't you think that artificiality of economics as a discipline is the root of the problem? Ultimately, the phenomenon we are looking at is 'political economy', the generation and allocation of resources. The 'market' is far from transparent and level - in many domains it is a political construct, political being broadly interpreted (Barclays and LIBOR.
To my mind it is bizarre to claim any credibility for economics when there is no accepted theory addressing the role of banking, finance, credit and money. How is it possible that 150 years after Bagehot, we still don't really know how money and credit operate (MMT vs MMR vs monetarism etc)? The disputes over economic theory and policy (Krugman vs Austerians etc) are patently ideological. What we really need is a modern-day Jonathan Swift to expose professional economics for the farce that it is.
Have you read Godley and Lavoie, Monetary Economics (2007) yet? Or Godley and Cripps, Macroeconomics (1983)? It's not like this is new stuff. The late Wynne Godley, formerly of the UK Treasury and Cambridge Univ, predicted what would happen to the EMU at its inception, and he also correctly predicted the financial crisis. Jan Hatzius, chief economist at Goldman, uses Godley stock-flow consistent macro modeling based on the sectoral balances.
Major_Freedom 12 July 2012 at 07:03
What we already have was used (imperfectly, of course) when the financial crisis hit, and analysis clearly suggests this helped mitigate the recession.
Don't you mean it kicked the can?
Since 2010 these positive responses have been reversed, with policymakers around the world using ideas that contradict basic macro theory, like expansionary austerity.
You mean the continued debt addiction?
Fiscal and monetary central planners do not know what macro-economists by and large expect them and believe they can know.
Prof. Wren-Lewis,
Have you run across a textbook called Macroeconomics in Emerging Markets (2nd edition, CUP, 2011)? Its author is Peter Montiel, at CDE-Williams college.
http://books.google.es/books?id=8KlyxPFMhJ0C&printsec=frontcover&dq=peter+montiel&hl=es&sa=X&ei=mRf_T_n8B4XIhAfp0qXaBg&ved=0CEUQ6AEwAg#v=onepage&q=peter%20montiel&f=false
The text deals with issues like risk premium, currency, sovereign and banking crises, and things like that. Maybe this book is what we need to teach macroecononics in the first world as well.
"In retrospect, we can see why those ideas were wrong using the economics toolkit we already have. So why was that not recognised at the time? I think the key to answering this does not lie in any exciting new technique from physics or elsewhere, but in political science.
To understand why regulators and others missed the crisis, I think we need to recognise the political environment at the time, which includes the influence of the financial sector itself."
The book by John Kenneth Galbraith 'The Great Crash 1929', gives us the answers I believe. When he talks about a 'speculative orgy' and the belief that everyone was going to be rich (this time through house prices), is something that was repeated in the 2000's
NO housing and NO Finance included in macroeconomic models maybe a place to start
Dennis Leech 13 July 2012 at 08:33
The problem is that the use of a microeconomic optimising framework that you insist ,,,, on limits the scientific value of the models. There is first the whole question of how reasonable it is to model the behaviour of a single representative household as standing for a whole society of millions of individuals. It shifts the emphasis away from the aggregate behaviour of the whole economy that we are interested in understanding. Instead of focussing on the problem of effective demand in terms of the transactions between income constrained individuals, it nets out all that is important.
But, perhaps more importantly, it fails the basic test of a scientific model: that it must faithfully reflect the real world it is describing. There are strong grounds for believing that people, or a substantial number of them, are not doing the kind of continuous intertemporal optimisation assumed by the model.
Evidence is found in the latest Scottish Widows Saving and Investment Report.
It finds overall retirement savings have hit an all-time low, with only 46 percent of people saving enough for their retirement. It reveals stark differences between people's expectations and reality.
Despite a big fall in retirement savings, it seems that people's aspirations for their pension income have actually increased by £200 from 2011 to 2012. The survey findings show that the average level of annual income people would feel comfortable living on at 70 years-old is now £24,500 compared to £24,300 in 2011. But the savings rates reported are unlikely to be able to produce a pension at age 65 of more than half that figure. Moreover 41 percent say they would like to retire at age 60.
That is not all. More than one-in-five (22%) of people in work aged over 30 and earning more that £10k are saving nothing at all for their retirement.
This is evidence of great heterogeneity of behaviour, with some households optimising like the model says, but as many failing to do so. How, then, can a model assuming universal intertemporal optimisation of consumption be taken to represent this reality? Surely what is needed is a way of describing behaviour which allows for statistical variation and behavioural heterogeneity - captured by Keynes's phrase, "by and large and on the average", he used to desribe the propensity to consume.
As a non-economist who saw the housing bubble in real time,clear as day, it is quite obvious that the problem is not about sophistication ( or lack thereof) in analysis.
There were Austrians and Keynesian both screaming about evidence of a housing bubble, and it was clear from basic metrics like the ratio of the median wage to median home prices and mortgage payments, that this was unsustainable.
The fact that we continue to increase productivity, means that consumption must increase proportionately, or unemployment will rise. Debt is money owed to each other, and when one group chronically has too much debt to another group that has so much money it doesn't know where to put it, that is clearly not sustainable.
We have ever increasing wealth, but our political and economic systems are failing us, in terms of distribution of the costs and benefits, in a way which is fair, stable and sustainable.
In the 1960's,it was common wisdom that the increases in productivity would allow us to all work shorter weeks, retire earlier, and still be wealthier.
Yet now, with high unemployment, "common wisdom" states that we must raise the retirement age, even though that will only transfer (on net) people from SS, to Unemployment Insurance (or the gutter). Sheer madness - the result of years of paid economic shills, groupthink, and "pragmatism" - meaning only those who spout the views of the wealthy and corrupt, are allowed to hold the microphone, and speak to the People.
Stéphane Genilloud 14 July 2012 at 09:56
Krugman shares your views but disagrees on some elements.
http://krugman.blogs.nytimes.com/2012/07/13/gadgets-versus-fundamentals-wonkish/#comments
I believe Krugman is right, but I wish you continue with that topic. It is a very important debate that needs to be kept alive, and what you said so far was quite relevant (and inspirational... http://www.98economics.com/2012/07/why-models-cannibalized-economic.html)
Misaki 14 July 2012 at 19:59
2nd paragraph, media link:
>"To me the most astonishing thing was that all these textbooks do not find an analytical explanation of unemployment," he said. "I was really amazed."
>Up to one in four people can't find work in parts of Europe, and the reality of people who are unemployed without choosing to be is one of the biggest holes in mainstream theory, for Bofinger and others.
Sad but true! Job creation, AND an explanation for unemployment (first post on site): http://jobcreationplan.blogspot.com/
This is going to sound more harsh than I mean it to be...
It seems possible to me that the primary economics lesson learned from the period before, during and after the meltdown is that economics and more specifically economists don't offer enough to matter enough.
Perhaps what we all need is for the econ world to launch an all hands on deck moonshot style project - an Economics Moonshot. It's still early in the decade, but to be fair, we'll give you a full 10 years. We'll put you (ALL) up on some island ( or here in AZ... plenty of space ) and no one leaves until you've floated weightless, space walked, orbited and landed on enough celestial bodies, drank enough Tang and peed in enough vacuum tubes to solve this one use case:
Barney Frank pulls up to his favorite fast food restaurant.
Voice over the intercom:
"Hello sir, may I take your order?"
Barney: "Yes, I'd like 3 burgers - no onions, 2 large fries, with cheese, a jumbo cola .. umm.. make it a diet cola."
Voice: "Okay. Will that be all?"
Barney: "No. Also, tell me what will happen to the U.S. economy if we pass a law that mandates...."
Voice: "Is that w/ the standard 1,2 and 5 year analysis?"
Barney: "Ummm.. No, better throw in year 10. It's an election year."
Voice: "Okay. Got it. Pay at the first window, please."
Crack that nut, then you can come back and join the rest of us... and matter a whole lot more.
I know, that sounds harsh. I really don't mean it to. I tell ya what. As a sign of good , I'll match your economists 1 for 1 with computer scientists. Kinda like a buddy system. A computer dude will shadow each econ dude (dudettes allowed too, of course) in order to be able to get what's in the econ dude's head into the software. (Oh, by the way, computer scientists build actual systems, not just paper systems ;-)
And perhaps for no more reason than it is '10's and not the '60's, we'll make the project a Big Brother style reality TV show.
Who is in??? No time to waste.
@DanFarfan
>The really big question of the day is not what is wrong with macro, but why has the financial sector grown so rapidly over the last decade or so. Did innovation and deregulation in that sector add to social welfare, or make it easier for that sector to extract surplus from the rest of the economy? And why are there so few economists trying to answer that question?
Confessions Of A Wall St. Nihilist: Forget About Goldman Sachs, Our Entire Economy Is Built On Fraud
The Inflation Scam — a solution
And as mentioned in a comment on another post, http://www.politonomist.com/gdp-deflator-and-measuring-inflation-00491/ ... most economists like inflation, most other people don't.
See The Economics PhD Job Market As a Reality-Distortion Field: STEM PhDs, We Made a Bad Career Move
(If you want to be mean, also see why economists might not benefit from a reduction in unemployment)


Watch But I'm a Cheerleader (1999) : Full Movie Online Free Megan is an all-American girl. A cheerleader. She has a boyfriend. But Megan doesn't like kissing her boyfriend very much. And she's pretty touchy with her cheerleader friends. Her conservative parents worry that she must be a lesbian and send her off to "sexual redirection" school, where she must, with other lesbians and gays learn how to be straight.


text:
Home Soul Cynic
We're Still Waiting, Spike
Roricka
May 25, 2009 | 11:00 am
OK, Spike Lee. I know that those thrilling, inspiring moments leading up to the election of President Obama led a lot of people to say some overly optimistic things. Those were heady times when almost all of us were intoxicated with the prospects of Hope and Change prevailing. And they did!
But of all the inspirational statements espoused by celebrities in pre-election fervor, yours was the one that I really wanted to believe, despite it's glaring naiveté. In fact, I still want to believe that President Obama will inspire an Elizabethan-type era of artistic renaissance. It's only been a few months, after all. And he's rightfully too busy working on the economy to be bothered with resuscitating the arts, particularly music.
It seems to me that the problem, Spike, isn't what you said. It's who you were saying it to. Case in point: where has the good music gone in 2009?
Are we experiencing a hope hangover or something or has great music been hard to come by this year? nOva said it best in his post about Spike's statement:
Although I'm 125% for an Obama presidency, I have little faith that Black popular music as a whole will use such a historic moment to sit down, think for a moment, and create something spectacular and nuanced.
Sure, there have been tastes of good stuff so far. For example, the fantastic PPP sopohmore album and the LAUSD, Blu and Jack Davey collaboration "iFeel" have been satisfying. And alright, it's still early to expect any sort of products of the galvanization you predicted, Spike. Hopefully Obama's influence on Black music, like Miss Jack's, is no flash in our pan. I mean, it won't be left at "My President is Black." Right?
Maybe since we're now settling into the reality of getting what we wanted things will begin to pick up for 2009. We do have the long (long, long, long) awaited Maxwell album to look forward to. And there's a lot of this year, and Obama's presidency, left.
What great music are you listening to in this burgeoning Age of Obama, SoulBouncers? Is it all that Spike promised it could be?
TAGS: blu, lausd, maxwell, miss jack davey, obama, president barack obama, spike lee
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May 25, 2009 • 10:39 pm
Poor Spike. I never felt any renaissance was coming. However, I have been listening to:
Gaelle
Georgia Ann Muldrew
miss concrete jungle
May 26, 2009 • 4:27 pm
Honestly I've been listening to the Erro playlist over-n-over-n-over that nOva posted awhile back, anticipating his new album this summer..
signs of addiction to somas
Very interesting site. Hope it will always be alive!
Great site. Keep doing.


text:
Went on to Fiddlers Green
Darl Arrant, who served with How Btry, 2/11 (1968-1969) died on January 30, 2000.
He was a LIFE member of the 11th ACVVC and resided in Gilmer, TX.
Floyd H. Austin, who served with the scout section of HHT Regt (1967-1968) died on October 15, 2001.
He was a LIFE member of the 11th ACVVC and resided in Oriental, NC.
Larry L. Austin, who served with E Trp, 2/11 (1969-1970) died on August 25, 2003.
He was a LIFE member of the 11th ACVVC and resided in Hattiesburg, MS.
Jose A. Beltran-Garcia, who served with How Btry, 3/11 and L Trp, 3/11 (1967-1968) died on March 19, 1999.
He was a LIFE member of the 11th ACVVC and resided in Palm Bay, FL.
Ronald W. Brickner, who served with C Trp, 1/11 (1968-1969) died on January 21, 2002.
He was a LIFE member of the 11th ACVVC and resided in Wallbridge, OH.
Paul W. Burke, who served with HHT Regt (1967-1968) died on December 30, 1999.
He was a LIFE member of the 11th ACVVC and resided in Lowell, MA.
Mario A. Dea, who served with D Co, 1/11 (1968-1969) died on January 25, 1998.
He was a LIFE member of the 11th ACVVC and resided in Cleveland, OH.
Kenneth W. Fullen JR, who served How Btry, 3/11 (1969) died on June 11, 1998.
He was a LIFE member of the 11th ACVVC and resided in Tyler, TX.
Ronald E. Gessner, platoon sergeant with E Trp, 2/11 (1971-1972) died on August 22, 2003.
He was a LIFE member of the 11th ACVVC and resided in Youngstown, OH.
Jerome A. Koss, who served with Air Cav Trp (1969-1970) died on January 4, 2002.
He was a LIFE member of the 11th ACVVC and resided in Saint Clair Shores, MI.
Thomas J. Kutz, who served with HHT, 2/11 (1965-1967) died on February 24, 1995.
He was a LIFE member of the 11th ACVVC and resided in Shamokin, PA.
Hubert L. (Harry) McAlister, who served with HHT, 3/11 (1967-1968) died June 8, 2002.
He was a LIFE member of the 11th ACVVC and resided in Macomb, MI.
Claude T. Miller, who served with H Co, 2/11 (1969) died December 27, 2003.
He was a LIFE member of the 11th ACVVC and resided in Nunnelly, TN.
William C. "Pop" Reeves, who served with 37th Med Co (1967-1968) died January 13, 2002.
He was a LIFE member of the 11th ACVVC and resided in San Antonio, TX.
Frank Samoray, who served with HHT Regt (1967-1968) died October 11, 1997.
He was a LIFE member of the 11th ACVVC and resided in Dunwoody, GA.
Jon M. Strength, who served with I Trp, 3/11 (1969) died June 2, 2001.
He was a LIFE member of the 11th ACVVC and resided in Spokane, WA.
Robert C. Tinsley, who served with E Trp, 2/11 (1968-1969) died June 29, 1996.
He was a LIFE member of the 11th ACVVC and resided in Hampton, VA.
Samuel P. Tricoli, who served with How Btry, 1/11 (1966-1967) died September 25, 2001.
He was a LIFE member of the 11th ACVVC, a retired 1SGT and ordained minister. He resided in Youngstown, OH.


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You are not prepared… to be a 14 year old hormonally driven princess. Of that, we can be assured. Bottom Tier is diving deep into the outskirts of the gaming world known as visual novels, for this video done on somewhat of a bet, to see how two east coast gamers can handle the pressures of the royal court. Also tentacles and 30 year old perverts may be involved. Welcome to the one of a kind gaming challenge that is Long Live the Queen.
Genesis A.D open beta begins next week. The 3D sci-fi themed MMOFPS from ijji is finally releasing into open beta.
Get a new look at Neverwinter's Control Wizard with a new video.


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