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Nine Energy Service Stock: A Deeper Correction Possible (NYSE:NINE)
3 weeks ago Flo
Investment thesis
The 2023 bonds
Potential headwinds
Business prospects
Dilution threat
Short interest is rising again
Don't underestimate the volatility
sasacvetkovic33/E+ via Getty Images
Nine Energy Service (NYSE:NINE) is a small oilfield services company that in theory could fit nicely with my energy macro thesis for 2023. The stock has also attracted a lot of interest from the retail investment community as it appreciated a whopping 300% in the last three months alone:
Data by YCharts
The stock price rise has mirrored the credit markets which have significantly de-risked the November 2023 bonds. While NINE has indeed made remarkable progress towards a 2023 refinancing, the stock price may have gotten a bit ahead of itself. Recent warning flags include a shelf registration, some insider selling and an increase in the short interest.
Furthermore, NINE remains extremely volatile, so I wouldn't be surprised to see another significant correction after the multiple drawdowns we saw earlier in 2022:
If the stock corrects further, I may consider adding, but right now I see better value in other oilfield services names.
Nine Energy has several oilfield offerings including completion tools on the product side and services including cementing, coiled tubing and wireline. The completion tools are actually largely from the 2018 acquisition of Magnum Oil Tools, a company that had been around for a while. Reportedly, NINE paid 10x EV/EBITDA for Magnum back then.
The shale basins of most importance to NINE are the Permian, Haynesville and Marcellus:
Nine Energy Q3 Presentation
NINE posted strong Q3 results, with most improvement to the top- and bottom-line coming from better pricing on individual service jobs:
On the tools side, NINE's focus have been the dissolvable plugs that were inherited from Magnum. These plugs are said to reduce the need for well interventions and provide other operational efficiencies for operators as well.
On the financial side, annualized Q3 EBITDA is at a $130 million run-rate (based on management adjustments) and reflects 19% EBITDA margin. This is pretty good profitability for a small oilfield services player if it can be sustained.
While NINE seems to run a reasonable business, the 2022 year has been entirely about the senior notes maturing this coming November, with Q3 outstanding balance of $307 million.
The market didn't foresee a chance these notes could be refinanced and NINE was essentially priced for bankruptcy. Besides the April 2022 highs which weren't sustained, the more gradual upward move in the stock started only when the credit markets began repricing the refinancing risk:
Author's calculations
We went from 3000-4000 bps credit spreads for most of the year down to about 700 bps right now while the stock price went up from $2 to $14. The current stock move up should prove more durable than the blip back in April because now we also have validation from the bond market. The rating on the notes is still CCC, so we aren't completely out of the woods, but the narrowing of the credit spread was huge.
The Q3 earnings were definitely a pivotal moment, but the risk repricing started earlier, after NINE resolved the potential delisting threat from the NYSE. On November 10th NINE got a $15.50 target at EF Hutton Acquisition Co., and, interestingly, on January 4th, just recently, it was given a $18 target by ATB Capital Markets, raising their prior target of $9.5.
After the run up, NINE's valuation appears a bit too rich:
Forward EV/EBITDA of 8.4x is a bit too much when the debt issue hasn't been definitely resolved. Based on the same Seeking Alpha screen, Baker Hughes (BKR) is trading at 10.5x forward EV/EBITDA. However, Baker has $28 billion market cap vs. $400 million for NINE.
While I am very bullish on oilfield services companies, there are several specific factors that should be considered in view of NINE.
Rig count growth is stalling, even in the Permian, which generally nowadays grows faster than most other U.S. shale basins:
Rig count is also flat in other places and tanking natural gas prices (NG1:COM) probably won't help NINE much in the Marcellus and Haynesville either.
Some interesting comments of relevance for NINE were made by the Pioneer (PXD) CEO on January 5th:
We have the Permian – about a year or two ago, I stated it was going to go to about 8 million barrels a day to 2030. The EIA has it at 5.5 million barrels of oil per day. We have lowered that to about 7 million by 2030. The reason we've lowered it is that people – obviously, the effects of moving to what I call stack development in both the Delaware and also in the Midland basin. And that's combining either the Bone Springs or the Sprayberry, depending on which basin you're in, the shallower formation with the Wolfcamp zones. It's better to drill four wells or six wells, all at the same time to get the best performance. Also, there is a lot of companies that are moving – they're running out of inventory. They are moving to tier two and tier three inventory.
Also, I'll make a point. Chevron made a point recently that there were going to 1.2 million to 1.5 million barrels of oil equivalent per day by 2040. But the first time somebody put out a number that far, there's only three companies in my prediction that will be over 2030 in the Permian Basin over a million barrels of oil equivalent per day, that's Chevron, Conoco and Pioneer. They are the only three that have a inventory that deep, can take it over a million barrels of oil equivalent per day.
Now what's going to happen over time. The gas/oil ratios in the entire Permian Basin will continue to go up. We're seeing that. You'll see the percent oil drop for all those companies, most likely below 50% over the next 10 years. And the gas itself will get up to about 30 BCF. We're going to need a gas pipeline, at least about every 18 months to two years going forward.
This is one of the reasons I favor services companies with offshore or international exposure, but in any case it will be interesting to see how this plays out. It is possible that NINE has to continue growing more from pricing and less from volume as NINE CEO Ann Fox commented:
Service line pricing drove the majority of Nine's growth this quarter evidenced in our strong incremental margin. Undersupply of both equipment and labor coupled with supply chain constraints has shifted pricing leverage back to service providers with customer [indiscernible] focused more on availability than just price.
The problem I see is that inevitably NINE will have to share some of this better pricing with its oilfield employees and its own suppliers. So going above 20% EBITDA margins may prove difficult and NINE has its own capex to worry about too:
Lastly, it will also be interesting to see how far NINE can go with its flagship dissolvable plug product. The company prides itself in having 22% of the growing market for these plugs:
However, they conveniently omit the identity of competitors A, B and C. Well, I have some guesses who some of them might be. One is very likely NOV Inc. (NOV), an $8 billion market cap company with very broad oilfield offerings.
Another one is no one else but Schlumberger (SLB), the $70 billion gorilla in the oilfield space. With my finance background, I am far from the best person to evaluate how NINE's plug compares technologically its competitors' products, but I think that as a general rule larger companies have more means to push through their tool, especially when they can cross-sell by leveraging their broader product portfolio. And if NINE's plugs were truly unique, SLB would probably have already bought out the entire company already, as they have done multiple times in the past when seeking to acquire a technological competency they may have lacked.
There is also the reminder that what is good for bondholders is not always good for the shareholders. NINE' stock price is still below its 2018 highs but the number of shares outstanding has also grown:
NINE's shelf registration statement that was just filed on December 23rd suggests the company may offer up to $350,000,000 in securities, which in theory could include common stock (which would make bondholders happy). Maybe the company is preparing to issue new debt to refinance the 2023 notes, but until some communication comes out that clarifies their plans, I would thread cautiously.
The shelf offering announcement did already skim 10%-15% off the stock price already, but more could be on the way if the dilution gets anywhere close to the full amount in the prospectus. To be fair, many companies may file these registrations just in case, without definite plans, but again some communication from management would be important.
A major shareholder who owns more than 10% of the company and is classified as an insider has been selling shares in December. According to the linked article from ETF Daily News, Warren Lynn Frazier sold 300,000 shares at an average price of $12.34, for a total value of $3.7 million, on December 22nd.
According to the same report, Mr. Frazier started selling in smaller batches on October 27th at a $5.53 price, and followed up with additional sales as the stock price kept going up. I infer that Mr. Frazier still holds a lot of shares, but if an insider decided that it's a good time to take some profits, smaller investors should consider the possibility too.
Short interest has been high all year long, but is on the rise again:
Although bankruptcy is off the table, the shorter sellers may still succeed in pushing the price down.
For context, I compared NINE to the broader market (SPY), the energy sector (XLE), a large oilfield services company (SLB), a small-cap services company I favor and have covered before (Oil States International (OIS)), and Tesla (TSLA), a stock emblematic among other reasons for its volatility:
Portfolio Visualizer; Author's calculations
With an annualized standard deviation of almost 250%, NINE makes even TSLA look like a boring stock. Volatility can cut both ways, but if you are a long-term investor, you generally would want to minimize it.
Of course, kudos to anyone who bought this a year ago and held so far for what is a 10-bagger. I personally had a small position opened at sub-$2 earlier in 2022 that I sold around $5 in April, but had not paid much attention to NINE since then.
I would also be hesitant to initiate a short position right now either. Clearly, the 15% short interest disagrees with me, but the market cap is still very small and NINE seems to be a popular name on WallStreetBets and other forums. Some type of squeeze is always possible with this set up.
For now, I prefer to stay on sidelines and invest instead in a company like Oil States International that has similar market cap, but 3x less the volatility and a cleaner balance sheet with no significant debt maturities until 2026.
The NINE setup is perhaps great for trading, but from a value investing perspective a stock like OIS makes a lot more sense to me.
If you aren't following a short-term trading strategy, the key takeaway is to stay on the sidelines until a more significant correction occurs. If you already hold some NINE, you may also consider taking some profits as it's likely you'll have the opportunity to buy it back cheaper. I would also be looking out for communication from the company on the shelf offering and if there are indeed plans to raise more equity.
Tags: Correction, Deeper, energy, NYSENINE, Service, stock
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DECEMBER 1996 FULL ISSUE
END OF AN ERA: SOUTHEAST ALASKA BRACES FOR LIFE AFTER THE PULP MILLS
Sometimes an era ends abruptly: With the drafting of a letter, the rap of a gavel.
So it was in early October, when the U.S. Senate adjourned without giving Sen. Frank Murkowski of Alaska what he had fought long and hard to win - a 15-year · extension of the 50-year contract between the U.S. Forest Service and Ketchikan Pulp Co. The Contract, which supplies the aging pulp mill at the southern tip of Southeast Alaska's coastal rainforest with heavily subsidized timber, was scheduled to expire in 2004.
Days later, Louisiana-Pacific Co., Ketchikan Pulp's Portland-based parent company, announced that it would close the mill next March, thereby breaking the 50-year contract with the Forest Service, throwing 500 people out of work, and ending decades of rapacious timber cutting on the Tongass National Forest.
The Clinton administration, which recognized the fate of the Tongass as a national issue, stood firm to the end, threatening to veto any bill that contained a contract extension. The administration also refused to delay completion of a new logging plan for the Tongass despite intense pressure from Alaska's congressional delegation.
The mill may close, but pollution in nearby Ward Cove will linger. Ketchikan Pulp's abysmal environmental record (at least 445 violations of state and federal pollution-control laws); its labor practices (a history of wage concession demands); and the wasteful logging practices encouraged by its longterm contract finally proved to be the company's political undoing.

redpajama_set_name: RedPajamaCommonCrawl


UPDATE: Eleven people were killed in the shooting. At least four police officers were injured. Suspect Robert Bowers was hospitalized with gunshot wounds.
WASHINGTON— In his first remarks after a gunman opened fire in a Pittsburgh-area synagogue, President Donald Trump said Saturday that armed guards could have prevented the killings.
Trump said it is "certainly an option" for all houses of worship to have armed guards as well.
Wendell Hissrich, Pittsburgh's public safety director, confirmed in a press conference that at least six people, including four police officers, have been injured in the shooting at the Tree of Life Congregation.
Local media has identified the suspect as Robert Bowers, a man with a long history of anti-Semitic social media posts.
Speaking to reporters, Trump described the suspect as a "wacko" and suggested that the death penalty should be more widely used.


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text:
BoxId: 676141 – Siemens prepares public listing of audiology business
Pressemitteilung BoxID: 676141 (Siemens AG)
Wittelsbacherplatz 2
80333 München, de
http://www.siemens.com
Stephan Heimbach
+49 (89) 636-34134
Siemens prepares public listing of audiology business
(PresseBox) ( München, 07.05.14 )
As part of its realignment, Siemens AG is preparing to publicly list its audiology activities in order to give the business an opportunity to better leverage its potential outside the company. Step by step, Siemens' hearing aid activities have succeeded in capturing a strong market position in recent years. Experts predict that by 2020 the market for hearing aids will have grown by an average of four percent per year.
However, the audiology business has a special position within the company. Both its technology and its consumer-oriented market access limit synergy potentials with other Siemens businesses. In addition, anticipated technological developments at Siemens Audiology differ greatly from those of the company and its healthcare activities. This applies particularly to growth fields like implants and the link to consumer electronics.
Siemens Audiology has more than 4,000 employees and a worldwide presence. Key locations are Singapore, Erlangen (Germany), Piscataway (New Jersey / U.S.), Kanagawa (Greater Tokyo / Japan), Crawley (UK) and Saint Denis (Greater Paris /France). As a medium-sized enterprise, the business is the only manufacturer focusing exclusively on the development and production of hearing aids (pure play).
Siemens has been active in the audiology field for more than 100 years. In 1913, the company brought to market the first industrially produced hearing aid, the Esha Phonophor. In the late 1950s, Siemens presented the first behind-the-ear device, in 1966 the first in-the-ear device and in 1997 the first digital hearing system.
In 2004, Siemens was the first producer to introduce hearing aids utilizing radio technology to synchronize operation between the left and right ears. In 2012, Siemens was awarded the German Future Prize by the Federal President of Germany for developing a binaural hearing system that enables hearing aids in both ears to communicate.
This document contains statements related to our future business and financial performance and future events or developments involving Siemens that may constitute forward-looking statements. These statements may be identified by words such as "expect," "look forward to," "anticipate," "intend," "plan," "believe," "seek," "estimate," "will," "project" or words of similar meaning. We may also make forward-looking statements in other reports, in presentations, in material delivered to shareholders and in press releases. In addition, our representatives may from time to time make oral forward-looking statements. Such statements are based on the current expectations and certain assumptions of Siemens' management, and are, therefore, subject to certain risks and uncertainties. A variety of factors, many of which are beyond Siemens' control, affect Siemens' operations, performance, business strategy and results and could cause the actual results, performance or achievements of Siemens to be materially different from any future results, performance or achievements that may be expressed or implied by such forwardlooking statements or anticipated on the basis of historical trends. These factors include in particular, but are not limited to, the matters described in Item 3: Key information-Risk factors of our most recent annual report on Form 20-F filed with the SEC, in the chapter C.9.3 Risks of our most recent annual report prepared in accordance with the German Commercial Code, and in the chapter C.7 Risks and opportunities of our most recent interim report. Further information about risks and uncertainties affecting Siemens is included throughout our most recent annual and interim reports, as well as our most recent earnings release, which are available on the Siemens website, www.siemens.com, and throughout our most recent annual report on Form 20-F and in our other filings with the SEC, which are available on the Siemens website, www.siemens.com, and on the SEC's website, www.sec.gov. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results, performance or achievements of Siemens may vary materially from those described in the relevant forward-looking statement as being expected, anticipated, intended, planned, believed, sought, estimated or projected. Siemens neither intends, nor assumes any obligation, to update or revise these forward-looking statements in light of developments which differ from those anticipated. Due to rounding, numbers presented throughout this and other documents may not add up precisely to the totals provided and percentages may not precisely reflect the absolute figures.
Siemens AG (Berlin and Munich) is a global powerhouse in electronics and electrical engineering, operating in the fields of industry, energy and healthcare as well as providing infrastructure solutions, primarily for cities and metropolitan areas. For over 165 years, Siemens has stood for technological excellence, innovation, quality, reliability and internationality. The company is one of the world's largest providers of environmental technologies. Around 43 percent of its total revenue stems from green products and solutions. In fiscal 2013, which ended on September 30, 2013, revenue from continuing operations totaled €75.9 billion and income from continuing operations €4.2 billion. At the end of September 2013, Siemens had around 362,000 employees worldwide on the basis of continuing operations. Further information is available on the Internet at: www.siemens.com.
Antriebstechnik-Spezialist KOSTAL Industrie Elektrik GmbH übernimmt mit der Bitflux GmbH den Experten für sensorlose Regelungsverfahren
Professor Reisgen im Interview: DVS-Richtlinien und Normen können sich sinnvoll ergänzen
376.000 Meter für Inklusion und ein Starkes Kirchheim
Auszeichnung: Die Masterflex Group gehört zu den TOP 100
WITTENSTEIN alpha: New dual leadership
Leuze electronic finanziert 108 Polio-Impfungen
Wittelsbacherplatz 2 80333 München, de
+49 (89) 636-00
Pressemitteilung Siemens prepares public listing of audiology business weiterempfehlen


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Carosino is een gemeente in de Italiaanse provincie Tarente (regio Apulië) en telt 6192 inwoners (31-12-2004). De oppervlakte bedraagt 10,8 km², de bevolkingsdichtheid is 573 inwoners per km².

Demografie
Carosino telt ongeveer 2119 huishoudens. Het aantal inwoners steeg in de periode 1991-2001 met 1,9% volgens cijfers uit de tienjaarlijkse volkstellingen van ISTAT.

Geografie
De gemeente ligt op ongeveer 70 m boven zeeniveau.

Carosino grenst aan de volgende gemeenten: Grottaglie, Monteiasi, Monteparano, San Giorgio Ionico, Tarente.

Externe link
 https://web.archive.org/web/20141218070750/http://unione-montedoro.it/

Gemeente in Tarente

redpajama_set_name: RedPajamaWikipedia


For more than a decade, Brad Groznik has worked in advertising and public relations. In his professional work, he's placed hundreds of stories in outlets including The New York Times, USA Today and CNN and ghostwritten speeches and op-eds for sitting politicians and union presidents. He's helped throw events attended by thousands of people and produced top-tier marketing materials for clients such as Bank of America, Norelco and National Geographic. He also teaches entrepreneurial leadership and social media strategies for Penn State. He holds a master's degree from Columbia University and a bachelor's degree from Penn State.
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On May 27, 2013, Crime Branch officials of Kerala Police arrested William S. Pinckney, Managing Director & CEO of Amway India Enterprises along with two other directors of the company from Kozhikode. The three were arrested on charges of running a pyramid scheme.[13][124] They were granted bail the next day and the business was unaffected. On June 8, 2013, Kozhikode Court lifted the freeze on Amway offices in Kerala.[125] On May 26, 2014, Pinckney was arrested by Andhra Pradesh police on the basis of a consumer complaint that alleged unethical circulation of money by Amway. He was subsequently arrested in other criminal cases registered against him in the state on allegations of financial irregularities by the company.[126] Pinckney was jailed for two months until being released on bail.[126][127][128]
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There have been instances in the past where even auto-rickshaw drivers had sold their belongings (including their auto-rickshaw) and paid upto Rs 35,000 to become members of such scheme (GoldQuest). But as with any pyramid scheme, they had to bear the brunt of the binary tree's exponential function and they became bankrupt. As expected, the organizers went absconding.
Yes! MLM is not the same as "pyramid scheme" . In every business the people at the top make more. In an MLM anyone can work up to the top, unlike in a pyramid scheme. Some of what is described in the article is very cult-like if it's true, but I would imagine it is like with any business: it depends on who your upline is. If your upline is a creep, the whole team is going to be creepy. If you have a good upline, the whole team will reflect that. Any business, MLM or otherwise, can isolate people from friends and family. It's called being a workaholic.
In nutrition, a business line representing nearly half of their sales, safety and trust are key issues. "In Asian countries," Dr. Calvert explained, 'Made in the USA' carries cachet because of the safety and traceability of the U.S. food system." Clearly offshoring food bar production would be the wrong choice. "Similarly, consumers want beauty products from the U.S., France, Japan, or Korea, not from developing nations."
Another reward of the Gomez family's success was flexibility. Vicky credits their involvement with Amway for enabling the couple to be present in their kids' lives, while instilling the importance of working hard and giving back. Their example has influenced the next generation, inspiring their eldest son, Adam Jr., to found a nonprofit organization called The Road to Help, which provides blankets to the homeless in the Los Angeles area.
Brad spoke in parables: There was Brad's father-in-law, who, upon being given a brand-new souped-up truck, sat down and wept. After a few years, the "newness wore off," so Brad again bought him the latest model. And again his father-in-law sat down and wept. (Brad's own fluid dynamics were more spectacular: When he first saw the jazzed-up truck, he admitted, "urine streamed down" his pant legs.)
Its funny that you should say that because, in my opinion I don't think MLM is going anywhere and the Amway Corporation definitely isn't going anywhere. since the depression in 2008 amway has increased its annual revenue by 1 billion dollars a year, and today stands at 11.8 billion dollars. Now your entitled to your opinion but there are some little facts that all people should be informed of. such as the fact that if your between the ages of 18 and 32, by the time you reach retirement (working a job) you have an 80% chance of being dead, disabled, broke, or financially dependent upon the government to subsidize your income. also by that time statistically you will have changed jobs 32 times. how much do you really think your 401k is really going to worth then. Im just a messenger her but I think a company like Amway is really the best shot any average Joe has of creating financial independence. I love when people say its a pyramid scheme. lets look at the typical job. (trading time for money) who works harder, stock boy at A&P or the CEO at A&P who's probably sitting in his hot tub right now? Obviously the stock boy but no matter how hard the stock boy works he will never out earn the CEO. that in my mind is a pyramid scheme. at least in Amway if you do more work you get more money. But the fact still remains it is not a get rich quick scheme. Its going to take hard works. Lots of hard work. but take it from someone who has worked his way through this system. it is well worth the effort. the ends justify the means because once you make to the top of that system Amway provides you with a life that is unparalleled by any other lifestyle. Its not easy but it does work.
Methodology: Source Euromonitor International Limited. Claim verification based on Euromonitor research and methodology for Amway Corporation conducted from October to November 2012. This claim is verified in the 13 leading markets that account for 80% of the global energy drink market sold through retail channels as supported by Euromonitor International's Soft Drinks research and definitions. Global is defined as having distribution and in at least three global regions. To the extent permissible, Euromonitor does not accept or assume responsibility to any third party in respect of this claim. Further information is available upon request.
While Jean explained all of this, Josh, by way of chatting up the friend who was to drive me home, offered him some Glister Anti-Plaque Gum. This was a companion to Glister AntiPlaque Toothpaste, something so caustic-sounding that I never dared put it in my mouth. "It's actually illegal in Canada," Josh improbably declared, adding, "I guess they just don't worry about plaque up there." Friend-with-Car excused himself to go to the bathroom, from which he emerged with an odd look on his face. Once safely in the car he described the bathroom as something not to be missed.
DeVos quickly realized that the situation was unsustainable. So she hatched a plan designed to surprise Engler just as his opposition had surprised her: She would resign as state GOP chair without notifying him in advance. She chose a date in February 2000 when she knew Engler would be in Washington. Around 9 a.m., she left a message on his phone, informing him that she would announce her resignation at an early-afternoon news conference. Engler quickly changed his itinerary and booked a flight home for his own news conference that evening. Publicly, Engler saved face, but the message from the DeVoses was unmistakable: We are a political force with our own agenda, like it or not.
While noting that the settlement is not an admission of wrongdoing or liability, Amway acknowledged that it had made changes to its business operations as a result of the lawsuit. The settlement is subject to approval by the court, which was expected in early 2011.[10] The economic value of the settlement, including the changes Amway made to its business model, totals $100 million.[131]
We follow her up the stairs. There are two large bedrooms separated by a bathroom and a linen closet – the children's rooms. I step into the one on my left, which is smaller than I expected. It has wood floors and a closet with sliding mirror doors. Out the window, the neighboring house is less than ten feet away, and the space between is filled with broad-leafed palm trees. I hear the faint twang of the radio on the pool deck, playing 'Sweet Home Alabama.'
Amway aims to help people become independent business owners by selling their products. Even with a small capital, anyone can start a business through the company. However, Amway is a multi-level marketing company wherein members will need to recruit others and teach them how to recruit more people in order to make more money. Of course, there is a wide array of products that can be sold to people as well.
I have heard India has banned 6 of amways product. But I am not sure which one's are they. Guys could any one please tell me if Amway's protein powder is also included in the banned list, As I am taking it as a protein supplement. I also just saw a nice review video and thought its good, but I still dont want to be consuming a banned product.. review video I am referring to is http://amwaynutrilitedaily.com/amway-nutrilite-protein-powder/amway-protein-powder/
eSpring was the first commercial product which employed Fulton Innovation's eCoupled wireless power induction technology.[56] In December 2006, Amway sister company, Fulton Innovations, announced that it would introduce eCoupled technology in other consumer electronic products at the 2007 Consumer Electronics Show.[57] Companies licensing this technology include Visteon, Herman Miller, Motorola and Mobility Electronics.[58] Fulton was a founding member of the Wireless Power Consortium which developed the Qi (inductive power standard).[59]
Enter Jay Van Andel, Amway's other cofounder. Jay had a 1929 Model A, which Rich had noticed both driving down his street and also parked outside his high school. 'I thought a ride in this car would surely beat the bus, a streetcar, or walking,' says Rich. The rest is as saccharine as you would expect: good American boys working hard to make their dreams come true – an adventure full of family values and sturdy bootstraps with which one can pull himself up. It begins with the heartwarming story of their first joint business venture, running a pilot school, then segues into a comedy-of-errors trip on a sailboat – a typical masculine coming-of-age experience rooted in good old-fashioned American values like cooperation, perseverance, and leadership.
I did pick-ups for several depressing weeks. Apart from Sherri, I never saw any sign of another customer. It was like one of those dusty, deathly-still mom-and-pops frequented only by regulars who come mainly to chat—and I was oppressed with a similar sense that the proprietors needed my money more than I needed their merchandise. It was actually a relief when, one week, Josh and Jean left town without warning me.
While the whirlwind of meetings and events were great for cultivating denial, they seemed to do little to help distributors develop "strong and profitable businesses." Nor were they much good for attracting new blood into The Business. With the exception of First Looks, their extreme cultishness was distinctly off-putting to newcomers. Still, Josh, Jean, and Sherri continued to make the mistake of indiscriminately taking prospects to whatever meeting was going on. Even a Second Look (described ominously as more "motivational" and less informational than a First Look) was inadvisable for outsiders, as Sherri discovered when she took her friend Elizabeth to one.
In Western Michigan, what matters isn't how Amway is run, but what the DeVoses have done for the community. Drive through downtown Grand Rapids, Michigan's second-largest metropolis, and the family's contributions are omnipresent. There's the Helen DeVos Children's Hospital. A few blocks west, hugging the Grand River that bisects the city, you'll find the sleek DeVos Place Convention Center, the DeVos Performance Hall and the Amway Grand Plaza Hotel. Across the water, the campus of Grand Valley State University is anchored by the spacious Richard M. DeVos Center. A few blocks north is the DeVos Learning Center, housed at the Gerald R. Ford Presidential Museum. (You would be forgiven if you assumed that DeVos, not Ford, had been president.)
It is rare to see poverty mentioned in Amway's literature. When it is, it's usually in the context of an Amway distributor having escaped it. Success is equated with wealth. With wealth is promised an enhanced way of life, one crafted of your own dreams – and Amway gives you The Plan to achieve that life. To let your attention stray from The Plan is to invite doubt and negative thinking, which can only result in failure. 'As successful distributors tell people they are recruiting, the pursuit of excellence can be achieved only when they discipline themselves to tune in the positive dialogues and tune out the negative ones,' says Cross. Poverty makes us feel bad. Feeling bad is negative. Negativity causes failure. It makes poverty feel contagious. So don't think about it.
The compensation plan is called a "stairstep breakaway," which requires the business rep to effectively rebuild a leg once it has reached what's called Platinum status (7500 points). Basically, legs break off once they qualify and the commissions turn into 4% royalties instead of commissioned payouts of ~30%. I asked a former Amway emerald once what it was like having his first leg break-off and his reply was: "it's awful, you really know how to ask painful questions don't you." He went on to explain his commissions dropped by at least 80% when they turned into "royalties." It should be noted that the royalties technically disappear if the volume in the leg drops below 7500 points, so it's not really a "permanent" royalty unless you maintain your volume. It is in essence a "punishing" compensation plan that forces you to rebuild a leg once it reaches this trigger volume, effectively causing you to "not" want others to pass you up.
I only learned the extent to which he and Jean had convinced themselves of this when I worked up the courage to visit their bathroom. It was a strange spectacle indeed. The wall opposite the toilet was decorated with Post-Its, each with a biblical proverb or chestnuts like "A drowning man doesn't complain about the size of the life preserver" and "If you don't stand for something, you'll fall for anything!" I was startled when a reggae song about "winners" suddenly filled the air; I located the speakers in the medicine cabinet. Most impressive, however, was a wish list taped above the toilet. Scrawled in pencil, it was presumably lengthened whenever Josh or Jean had a flash of covetousness in the shower. It included, among other items,
In the 1979 ruling In re. Amway Corp., the Federal Trade Commission determined that Quixtar predecessor Amway was not an illegal pyramid scheme because no payments were made for recruitment. In addition, Amway (and later Quixtar) rules required distributors to sell to at least 10 retail customers per month, or have $100 in product sales, or a total of 50 PV from customer purchases in order to qualify for bonuses on downline volume. Quixtar IBOs are required to report this customer volume on Quixtar.com or they do not receive bonuses on downline volume. Furthermore, an IBO must also personally sell or use at least 70% of the products personally purchased each month.[10] The FTC established that these rules help prevent inventory loading and other potential abuses of the marketing model.
The company's biggest market for their nutrition, beauty, and home products is China; and they have strong sales throughout Asia; the U.S. accounts for a mere 10 percent of their business. The company has located a majority of its manufacturing facilities in three cities in the U.S. And Amway has invested $335 million in manufacturing upgrades over the past four years, a majority of which was spent here in the U.S.
Josh also showed signs of breakdown. After the presentation he took his customary position near the speaker, a hand-held recorder jutting provocatively from his hip; but because he wasn't in Dave's downline, he wouldn't be able to accompany him to dinner. Josh claimed that it was at such dinners that speakers, unfettered by FTC restrictions, could reveal "the good stuff." He proposed tailing Dave to the restaurant: "They couldn't stop us, could they?" When Jean talked him out of this, he became desperate to simply "go somewhere and meet people." Jean reminded him it was a school night for her. "Well, maybe we should talk to the hotel staff," he suggested.
My wife started to sell this stuff. After a few months, everything in our house was Amway crap, bought with my money at ridiculous prices. My family could not talk with her without her mentioning Amway in every breath. In an attempt to discover what was going on, I went with her to an Amway seminar. Around a thousand people all screaming and shouting "fired up" and cheering the pompus rich asses paraded on stage as Diamond distributos. After the show I went around back and see that these "Diamonds" drove old beat-up cars. I saw how easy it is to brainwash people at cult meetings.
'As long as you're a golf member, you're open to playing all the tournaments and games,' Dale says to me. 'There's something for the ladies, and then if couples play together, we have a couples' golf on Sundays. We have a senior group, and then a young under-forty-year-old guy group.' He shows me a schedule pinned to a corkboard near the door. 'These are kind of the core golf groups. And then we have a formal Men's Golf Association as well, one tournament per month. If they win that tournament, there are parking spots up for grabs, if you want a nice parking spot – or some trophies. You know, when you love a game and you watch it on TV, to be able to still play it and go out there with a large group of guys, and then win a tournament? These guys are having a blast. They feel like they're on the PGA Tour. That's what it's all about.'
They encourage new participants to start eating healthy and work-out — big surprise, taking care of yourself feels good — however, those who have been in a funk for a long time might attribute their new health and self-esteem boost to Amway rather than positive diet and lifestyle changes. Then they have recruits set goals, make vision boards, and sell them on the dream that they'll "be retired in 2 to 5 years". Amway is a pyramid scheme, but it's masked under the real positive live changes subscribers make.
[2]Nowadays, nearly all Amwayers identify with a "distributor group." Dream Night, in fact, was arranged not by Amway, but by World Wide Dreambuilders LLC, which is constituted by the downlines of Crown Ambassador Bill Britt. These groups, which do the heavy lifting of building and inspiring downlines, have no legal connection to Amway (as indicated by the disclaimers on the back of tickets for Dream Night and every other World Wide function I attended: "This event is produced and offered independently of Amway Corporation and has not been reviewed or endorsed by Amway"). The corporation uses the legal independence of distributor groups to its advantage. In a class-action lawsuit brought by former Amwayers charging Amway Corporation, World Wide head Bill Britt, and Dexter Yager with fraud and price-fixing, Amway claimed that it was itself, in effect, a victim of Britt and Yager's tactics—and thus not liable. (The case has since been settled out of court.)
But the problem with "public franchises" like McDonald's, Scott noted, is that they only allow one person to enjoy this enchanted income. "Private" or "multilevel" franchises, on the other hand, allow people at all levels to duplicate themselves. Everyone begins as a grit-teeth franchise operator, but by "sharing their business with others" they would come into an exponentially expanding avalanche of wealth large enough to outrun the ballooning costs of twentieth-century life.
Directly across the state from my family, on Florida's Atlantic coast, is the Windsor country club. Home architecture here is strictly regulated. Residents drive around on golf carts, on and off the eighteen-hole course. There's an equestrian center, tennis courts, a concierge, and a gun club. Occasionally Prince Charles pays a visit. This is where you go when you bypass Palm Beach on your way to vacation – there's no kitsch in Windsor, only the highly refined. Among its residents are retail billionaire W. Galen Weston, the Swarovski clan – and the DeVoses, who own three houses here and spend eight weeks a year or more on the waterfront.
Amway has been around for 50+ years which has resulted in deep market penetration in most of North America. During this time frame it acquired a negative reputation that lasted the better part of 2 decades. This resulted in the need to re-brand Amway as Quixtar (during the 90s). The baby boomer generation is very aware of this and many will be quick to discourage their younger family members from doing Amway. If you are thinking of joining Amway and think this may be inaccurate, simply ask someone in your family in their 50s, 60s, or 70s whether or not they think you will make money with Amway, and why. There are ways around this when approaching the cold market, but it typically involves meeting with the same individual a multitude of times, playing verbal jujitsu, and not exposing the Amway name until the fifth or sixth approach. I personally know an Amway distributor (and good friend) that makes ~50k per year so it is absolutely possible, but he works his butt off driving all over the state and he constantly deals with high attrition.
Amway is a company you buy into to become an Independent Business Owner where you sought out your customer base through the internet, or various advertising methods. I learned to connect with individuals on their level no matter what walk of life, need or interests, Amway has a product for each and every situation. There was no work place culture being that you were your own entity. The hardest part about Amway to me is, choosing what and if you will be beneficial to a potential customer, since most of the products are fairly expensive and has to be shipped along with a fee so this company is essentially less about lucrative incomes then it is the endless possibilities of conducting business in every lane. The most enjoyable part is being able to interact with the community at hand and online as an Independent Business Owner with a purposeful conversation and an open heart with the intentions of well-beings and self-sustainment at hand.
In their zeal, Josh and Jean shuttled me to at least one meeting too many. The worst was a Seminar, an afternoon of "professional training" definitely geared to insiders. Here, during a marathon transfusion of spine-stiffening resolve, I got a glimpse of just how demoralizing the travails of Amway could be. The speaker, Conrad Halls, a Hollywood cameraman with over-the-hill golden-boy looks, had been frank and congenial in his First Look the night before. His debunking of negative Amway stereotypes included the almost touching refrain, "I hope you don't think I flew 3,000 miles to show you that kind of business," spoken with a candid stare and open, outstretched arms.
My parents and I were solidly middle class when we collided with Amway. We owned our home. We lived in a safe neighborhood where I could play outside without supervision and walk home alone after the sun went down. We always kept an excess of food in the house. I got new shoes whenever I outgrew my old pair. I received new toys when my old ones broke and new books when I finished reading the ones I had. I went to gymnastics practice four times a week, singing lessons once a week, camp over the summer, and back-to-school shopping in the fall. We didn't need Amway.
I can see how one bad experience or one negative anecdote can turn you away from something–in this case, a business. But if you took the time to find out more information you'd see that this is really quite, quite far from the truth. Amway has been certified as a legal, non-pyramid scheme, and you'd know that if you just did a simple google search.
Security was one of Amway's biggest concerns in moving into IoT. "Using the AWS IoT platform, we were able to build policies and security throughout the entire architecture," says Gartner. Several AWS teams worked with Amway and Atmel (now Microchip), to implement Just-in-Time certificate registration for Amway's connected devices. Just-in-Time Registration is a new AWS IoT process that automatically registers new device certificates as part of the initial communication between the device and AWS IoT, creating a seamless, highly secure user experience. Communication between devices and AWS IoT is protected through the use of X.509 certificates.
Similar to previous years, the Amway Global Entrepreneurship Report features the Amway Entrepreneurial Spirit Index (AESI). Introduced in 2015, the AESI measures three dimensions that influence a person's intention to start a business: desire, feasibility and stability against social pressure. The average for all countries slightly declined from 50 to 47. In the U.S., AESI score was 54, similar to recent years (2016: 56 and 2015: 53). Additionally:
Rallies begin with a ritual called "crossing the stage," in which distributors who have attained a new bonus level go up to receive their commemorative pin and shake hands with a Diamond. From the crowd of about five hundred, two couples "crossed" at the 1,000 PV level (the lowest warranting a pin) and received a standing ovation from the audience. From the stage, the host then called out all the levels from 1,500 PV to 7,500 PV. Nobody emerged from the audience—which, nonetheless, remained on its feet applauding. The host kept cajoling, "C'mon, there's plenty of room up here," as if it were shyness that was keeping people away. It was the archetypal Amway moment: a crowd giving a standing ovation to nobody.
Ackman says Herbalife is a pyramid scheme because the only way people can make any money is by recruiting others, not by selling the company's protein shakes. Herbalife says its business model is on the up and up because it is selling a real product to consumers who sign up more to get product discounts than to become part of a recruiting network. Parloff, after months of investigation, came down more on Herbalife's side than Ackman's, though in truth, that's just his best guess. The F.T.C. wouldn't talk to him, either.
In December 2006, Alticor secured the naming rights for the Orlando Magic's home basketball arena in Orlando, Florida. The Orlando Magic are owned by the DeVos family. The arena, formerly known as the TD Waterhouse Centre, was renamed the Amway Arena. Its successor, the Amway Center, was opened in 2010, and the older arena was demolished in 2012.[69]
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A money circulation scheme is essentially a Ponzi scheme. A Ponzi scheme is a fraudulent investment scheme where the money being brought in by newer investors is used to pay off older investors. The scheme offers high returns to lure investors in and it keeps running till the money being brought in by the newer investors is greater than the money needed to pay off the older investors whose investment is up for redemption. The moment this breaks, the scheme collapses.
Inspite of it, several new schemes have again mushroomed and they try to target freshers from the software industry by tempting them to spend Rs 5-10K, which is a relatively lesser amount compared to GoldQuest (Rs 35K). So, the next time a friend comes to you and says "Dude, I am working on a part time business for additional income" and talks about such Multi Level Marketing schemes, explain these concepts to him on a piece of paper and advise him also to stay away from such schemes. Losing money is bad, losing friendship is worse and being part of a fraudulent system is the worst..
Besides earning money off your own sales, you also earn a percentage of the income generated by the distributors that you've brought into the program (these are known as your downline). Often there are bonuses for selling particular amounts of product or signing up a certain number of new members; you can earn cars and trips as well as cash. Sounds good, doesn't it? And being part of a well-run MLM business can be a lot like being a member of a large extended family.
On Tuesday, February 6, we launched an eight-day series of events highlighted by a three-event changeover in less than 24 hours. On Saturday, the Orlando Magic hosted the Milwaukee Bucks and immediately following the game, our arena operations team championed the trio of changeovers from basketball to a double-header featuring a 9:30 a.m. Orlando Solar Bears game and Nicky Jam and Plan B concert at 9:30 p.m.
To test these claims I took my new Amway wholesale price list down to the local supermarket for a price comparison. As it turned out, Amway wholesale prices were only slightly better than supermarket retail prices, although a few Amway products, like freezer bags, were significantly cheaper. And this was giving The Business the benefit of many doubts: I factored in its claim that its detergents are more "concentrated" than other brands; I compared Amway with high-quality brand-name products, not store brands or generics; and I compared only regular prices, ignoring the fact that the supermarket, unlike Amway, always has items on sale (not to mention coupons).[8] The same results obtained at the local drugstore in comparisons of vitamins and cosmetics. All in all, the 30 percent Basic Discount was nowhere to be found.[9]
Scott confidently reprised decades' worth of conservative alarmism, invoking inflation and national debt and other flat-earth bugbears in a doomsday routine as charmingly archaic as it was fatuous. An accurate narrative of the last few decades—growing productivity, GDP, and per-capita income, accompanied by a massive upward redistribution of wealth—would hardly have packed the millennial portent Scott was looking for. The Second Wave, like Communism, like all the works of man, was destined to decay and collapse, making way for the coming entrepreneurial kingdom—which, for those who lacked faith or zeal, would bring a day of reckoning. Were we ready? To prove he "wasn't making this crazy stuff up," he littered the floor with copies of Fortune, Money, and Forbes, citing the relevant disaster stories. I felt like I was back at ENTERPRISE 2020.
I have not purchased anything from Amway in years, but I did like a number of their products. I particularly liked their cleaning supplies. I also think that Amway products were fairly high quality and had a good guarantee. I also think that Amway prices were fairly high. I would also prefer to order online than through a distributor, particularly a multi-level distributor who wants you to join their down-line marketing group. I had a fairly positive experience. The individual I ordered from was a personal friend, so we had a good relationship. She also gave me free samples of products so I could see if I liked them before I ordered them.
The third way a distributor makes money is through earning commissions on group sales. "A Distributor may recruit a sales group and based on the success and productivity (as defined by product sales) of the sales group, a Distributor may earn commissions. It is important to note that a Distributor only earns commissions on the volume of Amway products actually sold," the Business Starter Guide points out.
So you say you are successful at it. What level are you at, how many down lines do you have, how many friends have you lost, how many hours per week to you put into it after you have worked your full time job. What $ amount do you spend per month on products for your up line which inevitably reduces any bonus you made that month. If everyone that says they are successful would please answer these questions I do believe the truth will come out. My sons up line make it to platinum in 7 long years of tireless long hours. His group consists of rather low class individuals, quite uneducated. He has been at Platinum 6 years. He also instincts no tv, no sports, no social media. He wanted everyone on the bus to make each 100 phone calls. I thought I was going to come unglued on him trying to dictate his orders. You tell me...Is it worth loosing your entire friendships you have had for many years, lost relationships with family, constant stress and demands from up line to boost his bonus, juggling a coaching job, putting all pressures on wife to micro manage everything and do to her stress after coaching all day she has list and enormous amount of weight to a size 00. My son only 28 had developed wrinkles, very noticeable in 2 years. At the cost of all that for $500 a month extra income but yet they spend over that in product each month. It's totally insane. Look to each there own. I tried it but the convention in Kentucky was what complet turned me off. Dead head from Dallas, one stop for gas. No sleep, run to Friday night meeting. Up till 3 then back up at 6:00. And it just wasn't me not getting any sleep. This is how they hook you because you can not think rational being sleep deprived. Packed weekend with meeting from Diamond leaders that had nothing intelligent to speak about. Then the Sunday morning sermon comes. So ok, I go along for a bit but the ploy to have people go down firth, he is not an ordained minister, started trying to sleek in tongue. I totally walked out went back to the hotel lobby and was angry. It felt like they were playing with my intelligence. Now where do you think those donations those poor suckers fave, why lined in his pockets of course. The tickets, bus, hotel cost over $400 plus snack, drinks etc. I wasn't stupid enough to buy into the KTD materials but if course son and daughter n law did. They go to 3 conferences a year. For what. Listen to a woman Brahe about her mansion, 7 bathrooms. $4000 pots on her front porch. Yeh the say they made it to the big time but in reality most don't. No way in gods green earth would I waste Moët that frigiously. Not to mention 7 Arabian horses. Who doesn't want to be rich. I just not a conformist to be dictated to what my religious beliefs should be. They twist every in the bible and demand the group(new family) to followvstrictsborders from Plat leader. All he does is warp people's minds, tear them down and mold them into mini Joel. That's brainwashing and it is against the law. Before its all said and done I'm bringing him down for the the turmoil he has put my son in and pain he had caused me. It's not suppose to be be like that but what I saw was nothing short of what a. I hope someone reapeobs
For dinner before a game, there are a number of options at the arena. One thing to keep in mind is that Loge ticket holders are also entitled to dinner at Jernigan's Restaurant on the Club Level and have the exclusive option to reserve a table from 5:30 - 6:30 pm as premium ticket holders. Regardless of when you're going, reservations are recommended.
how can u challenge a company having Rs. 70000 crore turnover ???????? Are u that much expert to comment on this ????? in this business , no investment is there, u are destroying hope of a common people, but remember ur comments can never ever change mindset of a strong & ambitious persons …. such persons are growing fast & answering u by their actions ….
[1]The FTC's ruling that Amway is not a pyramid scheme is based partly on the "70-10 Rule": To qualify for Performance Bonuses based on downlines' sales, an Amway distributor is required to sell, according to Amway's Business Reference Manual, "at wholesale and for retail at least 70 percent of the total amount of products he bought during a given month"—this is supposed to prevent "inventory loading," the forced purchase of unsalable merchandise. Amwayers are also required, for the Performance Bonus, to sell to at least ten retail customers in a given month, which ensures that real business is being conducted.
Next, talking with other IBOs or Amway representatives may make it seem like a great opportunity to earn a lot of money, to make your own schedule, to build your own business, and more. However, the reality is that any type of direct sales opportunity takes a huge amount of time and money in order to become successful, not to mention a natural ability to sell. And frankly, MLM companies like Amway are often very misleading in how simple they make their business opportunities appear, because the reality is nothing could be further from the truth (see the following section for additional details). As a testament to this, be sure to watch Dateline NBC's year-long undercover investigation of Amway right below.
Interspersed with Dream Night's audiovisual assaults were six Castro-length harangues, which toggled along in a sort of good coach, bad coach routine: One youngish Amway Diamond would assure us that we could do it!, after which an older, sterner Diamond hectored us to stop making excuses for not doing it. The evening closed as we all held hands and sang "God Bless America"—and then broke into a triumphal cheer.
These five distributors now appoint five distributors each. So we now have 25 distributors at the second level. Each of these distributors now in turn appoints five distributors. So we now have 125 distributors at the third level. If the chain continues, at the 12th level we will have around 24.45 crore distributors. This is equal to around 20% of India's population. The total number of distributors will be around 30.51 crore.
Occasionally, though, it can be useful to mention poverty in a certain context. Inspired by the personal and business philosophies of DeVos and Van Andel, Cross spent the ten years after writing Commitment to Excellence researching the two men, culminating in his 1995 self-help book Choices with Clout: How to Make Things Happen – by Making the Right Decisions Every Day of Your Life. Much of the book is compiled from interviews with the Amway founders and top-level distributors. In a passage about excellence, Van Andel outlines the proper way for an Amway distributor to rationalize the issue of poverty:
After years operating behind the scenes, Betsy DeVos is set to become the public face of education policy in America—an advocate of private Christian education helming the largest public-education agency in the country. Most education policymaking happens at the state and local level; the Education Department administers financial aid and collects and analyzes educational data, but doesn't set state standards or school curricula. Even so, the position is a considerable bully pulpit, one with the ability to define the national discussion on education.
Amway is unethical way of making money. Their representative lure you to this smartly designed plan. Amway's representatives misguide and misinform like any other business or a product's sale representatives. which is attractive to listen for the first time with the 'Entrepreneur" motto. But it is another way of making money leaving you frustrated in the end. I advise every one not to join this unethical product promotion. I appreciate Jeremy's article for giving information to people.
The compensation plan is called a "stairstep breakaway," which calls for business rep to efficiently rebuild a leg once it has actually reached exactly what's called Platinum status (7500 factors). Generally, legs break short when they qualify as well as the payments develop into 4 % aristocracies instead of commissioned payments. I asked a former Amway emerald when just what it was like having his initial leg break-off and his reply was: "it's terrible, you truly recognize the best ways to ask unpleasant concerns do not you." He took place to clarify his compensations stopped by at least 80 % when they developed into "nobilities." It should be kept in mind that the royalties technically vanish if the quantity in the leg drops below 7500 factors, so it's not actually a "long-term" aristocracy unless you maintain your quantity.
'One of our traditions is this Hole in One Club,' he says. 'We don't use this plaque anymore, but we do make a plaque with a picture of the hole and the date you made it and your name. Some people go their whole lives and never make a hole in one, so we make a big deal out of it. You have to have a witness – you come back to the clubhouse, your witness has to verify with the pro shop. Then we open a free bar tab for you for the rest of the day. All golf members are part of it, so the insurance on it is: If someone makes a hole in one, every golf member is charged one dollar. So, that creates a three-hundred-thirty-dollar credit that you will receive. If you don't use it at the bar, you'll get a certificate to use around the club for anything else.'
In July 1996, Amway co-founder Richard DeVos was honored at a $3 million fundraiser for the Republican Party, and a week later, it was reported that Amway had tried to donate $1.3 million to pay for Republican "infomercials" and televising of the GOP convention on Pat Robertson's Family Channel, but backed off when Democrats criticized the donation as a ploy to avoid campaign-finance restrictions.[73][76]
The official ribbon cutting ceremony and dedication took place on September 29, 2010 at 10:01 AM. The general public was invited to enter the building where Orlando Mayor Buddy Dyer gave his annual State of Downtown address. The first ticketed event was a Vicente Fernández concert on October 8. The Orlando Magic hosted their first preseason game at Amway Center on October 10 against the New Orleans Hornets when they won by a historic margin of 54 points, while the 2010–11 regular season home opener took place on October 28 against the Washington Wizards.
Whatever the quality outcome, the political lesson isn't lost. The DeVoses have transplanted their organizational model to other states—New Jersey, Ohio, Louisiana, Virginia, Wisconsin, among them. They have done this by marshaling forces under the umbrella of their American Federation for Children, a nationwide campaign for school reform that has attracted high-profile speakers to its conferences, including New Jersey Senator Cory Booker, former Governor Bobby Jindal, New Jersey Governor Chris Christie and former D.C. school czar Michelle Rhee.
I can promise you will lose friends and lovers. If that's worth it to you then go forth, but be aware that for the participant (or victim) in this, your loss of friendships will sometimes be invisible, and occasionally worth much more than you ever thought. It's an honest decision - you shouldn't be friends with someone who treats you this way. Every single person who has fallen into this trap I have seen lose friends in the long run, even if we tried to see past it. It's a black mark of a terrible person. When someone tells you who they are, you should listen to them.
Because of this, the vast majority of IBOs who join Amway end up making very little (if any) money. For example: Taking a look at page 11 of the company's online brochure, they claim that only 46% of IBOs were active during 2010, and of those, the average monthly income was only $202. Furthermore, out of 300,000 active IBOs during the 2010 calendar year, only 0.25% achieved Platinum status, 0.08% achieved Founders Emerald, and 0.02% achieved Founders Diamond or higher.
'It was very marshy. They rearranged the golf course because part of Bardmoor was in here, so they restructured it,' she says, referring to the adjacent gated community. 'Bayou Club is divided into two cities: Pinellas Park and Seminole. When you first drive into the community, while you're technically still in Pinellas Park, you wouldn't know it. Pinellas Park is low-income – we call this section an oasis in the middle of Pinellas Park.'
My husband and I tried Amway, and here's the story: My husband's BEST friend and his wife started asking us to hang out a lot, which was cool because we enjoyed their company. I thought she was my best friend at the time, stupidly enough. It didn't take long for them to tell us about this "amazing" opportunity. We thought we would give it a try since we sincerely trusted our friends. We would go to their house for a "meeting" in their basement with a bunch of strangers and two guys in suits. The guys would talk about how nice it is to work from home, make tons of money and generally just talk about nothing to do with the actual business. After every meeting I would think, okay but what is the business all about!?!?!? So eventually they set us up as "business owners" and we purchased a ton of crap from Amway totaling over $1,000 because, "that is what you do." Eventually, we decided that we would not continue with the business. There was nothing wrong with it, but we knew it wasn't for us. We didn't want to approach complete strangers in coffee shops and present them with an "opportunity"; we didn't want to stay home on the weekends to attend meetings instead of spending them at the lake; we didn't want to choose Amway partners over friends and family like you are taught (yes, there is a "tier"); we didn't want to spend thousands of dollars on products and guilt-trip our friends and family if they didn't want to buy our products (yes, this was also taught). All in all there was nothing very wrong with it, it's not a scam, but it's definitely NOT for everyone. I am writing this not to bash anyone but to give anyone an insight if they are wanting to be part of Amway. Oh, and as for the "friends"... they now completely ignore us. And I mean, I'll see them in public and they'll turn away from me when I wave; they will talk to anyone BUT us. And this was my husband's long-time highschool friend; they were even in eachother's WEDDINGS. So to be quite frank I will talk everyone out of doing Amway and it's their fault. If that is how they will treat others for simply not continuing with the business then I will tell NO ONE to join.
Lol very funny, I have been wondering what I am doing for the past year, working my ass off for min wage, hurting my scoliosis back, cleaning, waiting tables and standing on my feet, while other people are sitting on their ass ggetting paid more (even if its telemarketing...same concept kinda...you people are making big boys more money so they pay you more) but I slave and get payed less....amway totally makes sense to me and I think this is a great opportunity I ran into...not many people in omaha ne know about it and im going to be part of the walking billboard..I work at ozark bbq a little bbq shack open for 30 years from word of mouth, basically and ive been around the business my whole life so i really just understand this. ..I want to use the products...why not..I get paid..I dont have to waste time or gas (money) going to store they are delivered to you..eco friendly, organic, and kinda compareable prices...if everyone just switched bathroom n laundry room they could make their self money..why not and I switch someone else, I make ,they switch someone, they make and I make...I like the pyramid. ..its the citizen pyramid instead of a govt...corp making all the money...why does this not make sense to some people....why not get a little bit of cash for buying a new I pad or just toilet paper lol ill take getting paid to wipe my ass any day thankyou lol I am doin it...you can see your potential before you ever pay a start up fee(I have not started up yet) and my sponsor makes over 500/month...your sponsor from my understanding sponsors time to help you they are investing their time bec if u make money they make money in turn you teach and sponsor others to make you money and they make more money I love it lol
You WILL be cornered and they WILL try to convince you. Their biggest obstacle is people who have heard a bit about it and don't want to join and their biggest desire is that you join under them. They spend a lot of time practicing this and anyone remotely successful at it will be very difficult to get away from. They'll have all their arguments sorted out, answers to any reason you give, defences to your accusations and will try to flip it around and put you on the defensive, making you have to explain in detail why you won't join shooting each reason down as you try. But it's all BS.
Lmao i like how these amway fanboys are calling people that have real jobs broke lol 99% fail rate.. Dont use that excuse that people don't put in the work, I can put in 100% effort to sell dogshit, but I wont make anything cuz its still dogshit. You are ignoring the 99% fail rate and apparently ignoring the 100% success rate if you get a real job. I heard someone saying you aren't bound to the 9-5 chains in amway . As a Real business owner and many real business owners know that in owning a Real business u wish u had that 9-5 and thats it. Owning a real business is 24/7. So pull ur heads out of ur asses
To sell Amway products, you'll first need to register as an Independent Business Owner (IBO), which will then give you the opportunity to earn an income through their Compensation Plan. After signing up as an IBO, Amway claims that you'll never be alone due to their world-class business resources, support, education, training, as well as mentoring. However, despite how great the company makes their business opportunity appear, the fact is that most people never make any money (see Bottom Line section for additional information).
Last night we attended the JT concert and had the worst experience ever. First, I was told we couldn...'t take in our small camera, even after I spoke to supervisor. They wanted us to bring it back to the car!! I had to show them the email blast from Amway that said small, non professional cameras were allowed. Need better training for your staff. 2nd, all the floor bars ran out of bud light and then all domestic beers in can and on tap. What a joke. It was a Monday night and a concert for adults. Lastly, the sound was terrible for the show, bathrooms a mess. For the money we pay for concerts, you need to do a better job!! See More
The Michigan gubernatorial race that year had been a dogfight of personal attacks between DeVos, the Republican nominee, and Democratic Governor Jennifer Granholm. Gloomy, bleached-out b-roll of shuttered factories in anti-Granholm ads made the governor's sunny economic promise that "You're gonna be blown away" sound less like an aspiration than a threat. Anti-DeVos ads cut closer to the bone, with one depicting a cartoon DeVos cheering a freighter hauling Michigan jobs to China. It was an unsubtle reference to DeVos' time as president of Amway, the direct-sales behemoth his family co-founded and co-owns, when he eliminated jobs in Michigan while expanding dramatically in Asia. DeVos ended up personally spending $35 million on the race—the most expensive campaign in Michigan history—and when the votes came in, lost by a crushing 14 points.
My husband rides in the front of the golf cart with Dale; I ride in the back. We strike out over the gently rolling fairways. 'We're a longer course,' says Dale. 'Total length, if you play from back tees, seventy-one hundred yards. No one, not even the younger guys, play from the tips. I'm just going to show you the prettiest part and then head back so we stay dry.'
As part of our service, we attempt to partner with all the companies that we review, and may get compensated when you click or call them from our site; however, regardless of any current, past, or future financial arrangements, companies listed on Best Company cannot buy their position, nor do we manipulate or inflate a company's ranking for financial gain. A company's ranking is based on and calculated by an objective set of ranking criteria, as well as user reviews. For more information on how we rank companies, click here.
Amway: The True Story of the Company That Transformed the Lives of Millions reads like an extended advertisement. Its author, Wilbur Cross, became acquainted with Amway cofounders Rich DeVos and Jay Van Andel when they commissioned him to write the first 'official' history of the Amway Corporation, Commitment to Excellence, published in 1986. In Amway, Cross repeatedly references the work of Shad Helmstetter, PhD, a 'motivational expert' specializing in 'programming' yourself to change negative self-talk into positive self-talk. Negativity is expressly verboten in the world of Amway, as it breeds doubt – distributors are advised to get rid of any negative people in their downline as soon as possible if they can't train them to be positive.
He tells us the club no longer has an initiation fee – they were forced to waive it six years ago in response to the economic downturn. 'You have the top two or three clubs in the area – Bayou Club, Belleair Country Club, and probably Feather Sound – with no initiation fees to join,' he says. 'It makes it very easy to be part of a club these days.'
Haven't you heard that dialogue from a friend before? It turns out to be a typical "Multi Level Marketing" in which you are supposed to pay a certain amount to become a member (and maybe get a gift which costs much lesser than the membership amount) and later refer it to your friends and convince them also to join it. In the process, when the friends pay the membership amount, you are awarded with some partial amount and when they in turn refer to their friends, they will be awarded some money, and since you are their "parent", you will also get some money. As the process continues recursively, you "end up having a source of unlimited passive income!!". Although it sounds very rosy, it is practically not possible to sustain this business model. It is unfortunate that most of the aspirants who get their hands burnt in such schemes are ambitious people from the software industry who actually have very good analytical minds but fail to make use of it to evaluate these models.


First of all If you still haven't updated your iPhone, Samsung, Nexus, Micromax or any other Android /IOS based smartphones with the new Facebook messenger App 2016,Just Do it now the reason is unless you update your Facebook messenger App you will never be able to introduce yourself with the with new Facebook messenger features like "Nick Name,Change Text Color,Big Smileys and Mute Chat" which are really amazing, up & rolling.
Before in a post I have shared with you best 10 apps of 2016 which you should download right now but today we are talking about a giant app facebook messenger. Let's do it, as we all know that in today's social network competition among various messaging Giants, one has to keep rolling out with new features to make messenger more and more friendly, attractive & Work efficient,Facebook messenger App is one of those lucky messengers which is already considered & is the most popular messenger app even in such a huge competition where you have Whatsapp, hike , line etc.
Let's have a look at Facebook messenger's new features which were introduced recently in late February 2K16.
Even Before I start illustrating new features, make yourself aware of one thing. All of the rolling new features of Facebook messenger here I am showing belong to the personal chat boxes. So, just keep in mind that you have to first open an individual Chat client & goto the settings of that particular chat App to get these new features of 2016.
1)Nick Name: Well, most of us do have friends on FB where they either keep some kind of Nick names or we might try to remember them with their specific Nick names. Now using with advent of new Facebook messenger App ; you can Add a Nick name in messenger by getting inside settings of the friend's chat settings as shown in the pic below. However, you friend will soon get an notification of this update & change and he/she will also have the option to change your nick name inside the messenger App.
2)Text Color: This is another fantastic feature introduced by new fb messenger. now you can change the text color of Facebook chat in your new Facebook messenger 2016. By connecting your chat with one of your contacts, you can also select color of the text messenger for that individual contact. If you friend doesn't like your choice, he/she can override your choice by changing it again. This feature will not only change the chat text, but it also changes the entire messenger theme. So, you can have a completely new Facebook messenger then with such a feature. Your theme/text color with other contacts will still remain same unless you go and change them yourself.
3)Use Big Smileys: Yeah,you heard it right, it was already a part of previous versions of Facebook messenger but till now many users not yet aware of this new feature by using this you can send Big Big smileys right in to the chat box. You will have access to plenty of big smileys, gifs and emotions which can be used as per your mood to tease, express your mate,or anger anything else.
4)Mute Chat: Somebody Bothering you? Many a times we pass through such situations when few unwanted contacts keep poking & disturbing us. Now it's pretty easy to deal with such ones, you can just mute a particular individual chat or just turn off the Facebook messenger notification for that individual contact. That too with many options like for a specific duration like couple of minutes, hours or even till the time you turn back on notification or just unblock them. Isn't this feature of new Facebook messenger is giving relief to many around here? I guess so.
So what are you waiting for? Just go ahead & download the latest Facebook messenger 2016 App and explore awesome hot new features which will give you new peaks of freedom to use Facebook's messenger as Whatsapp or Hike messenger and you will be just stunned.


text:
"""Check Student Programming Project

A collection of functions and classes designed to automatize the checks
applied to student's programming assignments to give feed-back on it
to the students and partial evaluation to the teacher.

"""
from checkproject.case import CheckCase
from checkproject.runner import CheckRunner

__version__ = '0.0.1'
__all__ = ['CheckCase', 'CheckRunner']

redpajama_set_name: RedPajamaGithub


text:
Disaster Management Act and The Novel Coronavirus
Posted byProceJureLaw May 17, 2020 August 8, 2020 Posted inUncategorizedTags:act, article, blog, Coronavirus, COVID - 19, disaster, headlines, India, information, legal, news, procedural, procedure, ProceJureLaw, research, writing
On March 11, 2020, Dr. Tedros Adhanom Ghebreyeses, in his media briefing of the novel coronavirus, announced that based on WHO's assessment of the threat possessed by the coronavirus, WHO has decided to declare the current situation as a pandemic. He further appealed to the nations all over the world to actively take steps and scale up their emergency response mechanisms immediately.
The novel coronavirus is an unprecedented biological disaster, being tackled by the constitutional machinery and the government of India. Acting upon the guidelines issued by the WHO, the Union Home Minister issued the instructions of a nationwide lockdown by invoking the Disaster Management Act, 2005 ('DMA'). However, to begin with, the imposition of the nationwide lockdown under the DMA is controversial and needs government intervention. This article aims to dissect the DMA and suggest some preferable amendments to aid efficient management of the novel coronavirus and the resultant social shortcomings.
Does the DMA Act include a pandemic like situation?
The constitution and its provisions remain largely inarticulate on the subject matter of 'disaster.' The DMA derives its legal stance from Entry 29 of Concurrent List, which states that "Prevention of the extension from one State to another of infectious or contagious diseases or pests affecting men, animals or plants." The DMA's objective is to assist disaster management by issuing appropriate mitigation strategies, capacity-building exercising, and much more. The definition of a disaster, as mentioned in Section 2(d) of the DMA, states a disaster as a "catastrophe, mishap, calamity or grave occurrence in any area, arising from natural or man-made causes." This outlines a disaster as a natural calamity. This means that disaster is depicted as only a sudden act ignoring the progressive aspects of a disaster.
However, the South African legislation describes a disaster as a 'progressive or sudden' occurrence. Thus, the Indian law ignores the circumstances of a progressive disaster such as the epidemics, which often affect a considerable amount of the population. For instance, the horrifying plague of 1994, which swept south-central, northern, and south-western Indian states or the disease outbreak like dengue and malaria, which infects a large population of people in Kolkata every year. Even after such instances, the government has failed to draw an effective mechanism to fight critical situations and keep a check on these ordeals.
If the circumstances get devastating, as in the current scenario, the various governmental departments will start playing cross-accusations, thus shifting their blame to other civic authorities. Each year approximately half a million people get killed by tuberculosis and sixty thousand by diarrhoeal disease. These critical circumstances do not occur suddenly, and not including these within the ambit of a 'disaster' is unreasonable as, in doing so, the concerns of public health fall short from being addressed in the Indian legislation.
Due to the lack of necessary provisions and the inefficiency of the government in passing legislation, the Indian government was compelled to declare coronavirus as a 'notified disaster.' The government defined a notified disaster as a critical medical condition. This declaration was made to include the novel coronavirus under the definition of a disaster to make the implementation of DMA possible. On the contrary, a more efficient way of managing this catastrophe could have been the implementation of a new legislature, which defines a systematic set of guidelines to curb this deadly virus without wreaking havoc. For instance, the Corona Virus Act, which was passed by the United Kingdom, has successfully mandated emergency provisions to the authorities to tackle and successfully cope with the on-going deadly outbreak.
However, by expanding the meaning of 'disaster' did the government indirectly meant that other epidemic like situations, as mentioned above, can also be regulated under the DMA? Such questions remain open-ended and require government's intervention.
Is the DMA merely a legislation designed to harm cooperate federalism?
The DMA allows the establishment of various statutory bodies such as national disaster management authority, state disaster management authorities, district disaster management authorities, advisory committees, executive committees, and sub-committees under the government. However, it neglects the possibility of unwanted overlapping duties among these authorities that might inevitably confuse people. Moreover, the coordination among these bodies seems very cumbersome.
Amidst the coronavirus spread, state legal experts are more concerned about the foreseeable damage to the 'cooperate federalism,' which is increasingly prevailing, thus compelling that states to relinquish their power to the centre. It is a situation of constitutional crises as states subjects such as law and order, and healthcare has been taken over by the centre without any pre-planning. This includes the decision of creating zones classified as Red, Orange, and Green, compelling citizens into using the Aarogya Setu app mandatorily, and also deciding what all activities are strictly prohibited at the local level. Local authorities, who could have played a significant role in managing the disaster, are hardly mentioned in the DMA.
There exist specific functions for different bodies; however, little has been said about the local authorities. Under Japan's Disaster relief Act,1947, the governor is mandated to delegate his body to the head of a municipality for better implementation of relief activities at a speedy pace at a local level. Alongside, under the Emergency Programme Act of British Colombia, Canada, the importance of handing over the decision making to the local authorities is emphasised upon. Similarly, it is imperative that the DMA also takes into consideration the role of local-level authorities for better management of the outbreak.
Is the unruly implementation of DMA adding to an employee's distress?
The order issued by the union ministry on March 29, 2020, directed the payment of wages without cut during the current pandemic by invoking Section 35 of the DMA. Moreover, Section 72 of the DMA gives overriding powers to the centre during an emergency like situation thus specifying, "The provisions of this Act shall affect anything inconsistent in addition to that contained in any other law for the time being in force or any instrument affecting under any law other than this Act." Henceforth, it indisputably overrides the Industrial Disputes Act, 1947, which had provisions to allow any employer to cut and pay 50% of the total wage payment on the grounds of natural calamity.
Employers are revolting against this order as being ultra-virus because DMA has no power to decide on the amount of wages. They also put up concerns such as lack of income due to the non-operation of the manufacturing sector amidst the lockdown. Thus, demanding that rather than the imposition of arbitrary laws, it would be better if the government intervened and made good the payment of wages to the employees to some extent as it is being done in other countries currently.
Nations around the globe are taking tremendous steps in helping the employers to pay their employees by introducing special schemes and action plans. To suggest a few, in the United States, the government is providing income support of 1200 USD per adult and 500 USD per child for every family. Japan has granted all its citizens a cash payment of 100,000 yen. The United Kingdom has allowed all the employers to get 80% funding from the government for the consecutive three months for salaries of workers up to 2,500 GBP per month. Ireland is providing a temporary wage subsidy of 85%. Informal workers and the unemployed population in Brazil are entitled to temporary benefits of 120 Dollars per month for the next three months on the fulfilment of certain conditions. With heart-throbbing pictures of the distress, migrants are all over the media. It is an alarming stage for the Indian government to incorporate some rational measures.
COVID-19 is a health catastrophe, and there is an urgent requirement to contain it's spread. While the well-equipped health care systems across the globe have failed miserably to deliver essential services when called for, specific provisions for handling this catastrophe are quintessential. This crisis requires an active effort from the safe medical guards and the legal statutes, to work simultaneously for the best of results. The leaders around the globe have appreciated Taiwan's preparation for such an unpredictable health crisis. Prompt governmental responses to the medical essentials, along with adequate expertise to mitigate the novel coronavirus from affecting its citizens by actively monitoring the affected citizens are the factors which contributed to Taiwan's success.
As the pandemic unleashes its far-reaching tentacles, the legislature must take cognisance in public interest and frame suitable provisions on contemporary subject matters such as quarantine, availability of essential goods, restriction on modes of transport, isolation techniques and other ways to protect from this disorder. The Indian model can preferably incorporate laws of Ireland wherein the duty of precautionary measures lies on the infected persons to limit the spread of this contagious disease. The current situation is an alarming stage where the government must work on ground realities such as the distress of migrant workers. India has to upgrade its health care policies and legislative provisions to monitor the pandemic crises by laying out action plans that help to fill in the loopholes for monitoring the current situation more cautiously.
Sakshi Agarwal from National University of Juridical Sciences (NUJS), Kolkata
editor: vatsala sood
Insolvency Law's response to COVID-19
Prohibiting the use of Force


text:
package FIIT.VI.YAGO.parser.ws;

import static org.junit.Assert.assertFalse;

import java.io.File;
import java.io.IOException;
import java.util.List;

import org.apache.lucene.document.Document;
import org.apache.lucene.queryparser.classic.ParseException;
import org.apache.lucene.store.SimpleFSDirectory;
import org.junit.Before;
import org.junit.Test;

import FIIT.VI.YAGO.index.WikiIndex;

public class WikiIndexIntegrationTest {

	private WikiIndex indexFolder;

	private String PATH = "src//resources//test//data//";
	private static SimpleFSDirectory indexDirection;
	private final static String INDEX = "/media/mm/Data/index";

	@Before
	public void setup() throws IOException {
		indexDirection = new SimpleFSDirectory(new File(INDEX));
		indexFolder = new WikiIndex(indexDirection);
		File folder = new File(PATH);

		indexFolder.createIndex(folder, false);
	}

	@Test
	public void testFolder() throws IOException, ParseException {
		List<Document> docs = indexFolder.searchIndex("Kid Rock");
		assertFalse(docs.size() == 0);
	}
}


This morning I was able to teach Angelica to count objects as high as five. I am waiting to see if she will retain it, but I did several exercises with counting to 2, 3, 4, and 5. She did wonderfully well on them.
We haven't been keeping up with our math side of the curriculum. We are supposed to be on 9, but that just isn't possible at this point. But the fact she got up to five was amazing. She has been struggling with 2. I am hoping that it has finally clicked for the lower numbers and she will retain what she learned. Sometimes she seems to have difficulty retaining what she has learned. I did not want to push her too hard though. Angelica made such good progress in the short time we have worked so far today that I wanted to quit before she got frustrated with anything, so that she could have her first positive memory/experience with school this week. She has gotten to where she is reluctant to do school anymore because it is difficult for her. But today she was beaming because she was getting almost everything right. I am so happy for her!


text:
Proposed migrant policies result in rush for border
SASABE, MEXICO - After a four-year decline, illegal immigration from Mexico is spiking as several thousand migrants a day rush across the border in hopes of getting work visas under a program President Bush proposed. Many also are trying to beat tighter security to come in June.
The U.S. border patrol told The Associated Press that detentions – which it uses to judge illegal migration rates – jumped 25 percent to 535,000 in the six months ending March 31 compared to a year ago.
Near Sasabe, a town bordering the Arizona desert that's the busiest illegal border crossing area, an average 2,000 people arrive daily.
On a recent day, at a break in a barbed-wire fence outside Sasabe, about 300 migrants scrambled out of 10 trucks and four vans within 30 minutes with their smugglers, who led crowds along a worn trail. As the sun set, they disappeared into rolling hills that hide the treacherous desert.
Raudel Sanchez, a 22-year-old farm worker, said he wanted to get back to his job at a Minnesota ranch.
Mr. Sanchez crossed into the United States through Sasabe three years ago, but says the journey is getting more difficult. He walked three days in the desert and was caught in Arizona and deported.
Undeterred, he said he planned to take a bus to Altar, a northern city about 70 miles from the border where migrants hire smugglers. From there, he planned to head back to Sasabe and cross again.
"It's already very hard to cross, but it's going to be even harder," he said. "I need to try again, at least one more time, and if I fail, I'll go back home."
Many migrants are betting on the approval of Mr. Bush's migration proposal, which faces an uphill battle in Congress. About 75 percent of those arrested are Mexican, while the rest are from Central America and other places, U.S. customs officials said.
In January, Mr. Bush proposed a guest-worker plan that would give legal status to undocumented migrants already working in the United States and to those outside the country who can prove they have been offered a job.
Because it's hard to get a job offer while in Mexico, many are heading north now, hoping to get settled before a program is in place.
Mexicans living in the United States have criticized Mr. Bush's proposal. Many say they wouldn't apply, fearing it could be a trap to deport them.
But in Mexico, the program has given many migrants hope that they might be able to seek something better north of the border, and that is enough to convince some to cross now rather than later.
"I want to try and make it to the United States to find out more about the permits because I've heard that with a job it will be easier to get" a visa, said Jaime Ulloa, speaking in Nogales after being deported for a third time.
Mark Krikorian, executive director for the Center for Immigration Studies, a group that favors stricter immigration policies, said the rise in illegal migration also shot up in 1986 when an amnesty was announced.
"Illegal aliens will respond to the messages the government sends," Mr. Krikorian said. "When we send the message that we are thinking about amnesty, they decide it may be worth it to try to cross."