Thursday, April 18, 2013

Garage floor coating - DIY Home Improvement, Remodeling ...

I am about to apply an epoxy coating to a garage in the next few weeks. It is highly durable and stain resistant. You can include skid resistant chips for safety or "the look."

You MUST make sure the floor is totally free of oil, so prep is a must. Clean it, degrease it, and etch it to get the best bond.

http://www.epoxy-coat.com/?gclid=CIHr7_bY0rYCFaR_QgodFgYA9A

Some guys will pre-mix the Part A in a bucket to ensure color uniformity. Then, they mix the Part A and B into a separate bucket. Here is a typical application process:


HAVE FUN!

Source: http://www.houserepairtalk.com/f135/garage-floor-coating-15863/

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SKorean broadcaster bans PSY's 'Gentleman' video

FILE - In this Saturday, April 13, 2013 file photo, South Korean rapper PSY, in a checkered jacket, performs his new song "Gentleman" in his concert titled "Happening" in Seoul, South Korea. A major South Korean broadcaster says it has banned PSY?s new music video because the rapper is shown abusing public property. The ?Gentleman? video opens with PSY kicking a cone that says ?no parking.? (AP Photo/Kin Cheung)

FILE - In this Saturday, April 13, 2013 file photo, South Korean rapper PSY, in a checkered jacket, performs his new song "Gentleman" in his concert titled "Happening" in Seoul, South Korea. A major South Korean broadcaster says it has banned PSY?s new music video because the rapper is shown abusing public property. The ?Gentleman? video opens with PSY kicking a cone that says ?no parking.? (AP Photo/Kin Cheung)

(AP) ? A major South Korean broadcaster says it has banned PSY's new music video because the rapper is shown abusing public property.

The "Gentleman" video opens with PSY kicking a cone that says "no parking."

State-funded KBS said Thursday the scene doesn't meet its standards as a public broadcaster. Two spokesmen say KBS has banned other videos for similar reasons in the past.

They spoke anonymously because they say it is the broadcaster's company policy.

"Gentleman" was released last week on YouTube as a follow-up to PSY's viral "Gangnam Style." It features a fast-paced electro pop song and has surpassed 139 million views.

"Gangnam Style" brought the 35-year-old singer global fame. It is YouTube's most watched video with 1.5 billion views since its release last summer.

___

Online: http://www.youtube.com/watch?v=ASO_zypdnsQ

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/4e67281c3f754d0696fbfdee0f3f1469/Article_2013-04-18-SKorea-People-PSY/id-e91b736602534a2a98242dd7a29effb8

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EBay second-quarter forecast disappoints, shares slip

By Alistair Barr

SAN FRANCISCO (Reuters) - EBay Inc on Wednesday gave a disappointing earnings forecast for the second quarter and said Europe was weak, pushing its shares lower in after-hours trade.

The e-commerce company forecast a second-quarter profit of 61 to 63 cents per share and revenue of $3.8 billion to $3.9 billion.

Analysts were looking for 66 cents a share on revenue of $3.95 billion, according to Thomson Reuters I/B/E/S.

Late last month, eBay set aggressive three-year growth targets, based on international expansion plans and more focus on mobile commerce.

The company is investing heavily in these initiatives and such spending may be behind the weaker second-quarter profit forecast, said R.J. Hottovy, an equity analyst at Morningstar.

"These investments are building for the future so that should be taken positively, even if they come at the expense of short-term profits," Hottovy added, while noting that eBay's full-year 2013 forecasts remained unchanged.

EBay Chief Financial Officer Bob Swan said the company expects Europe's economy to be weaker this year, compared with its expectations in January.

UK traffic to eBay websites has been slower and weakness in the British pound will dent PayPal's revenue and take rate this year, Swan also said, during a conference call with analysts.

Still, the CFO also said eBay expects the second half of 2013 to improve as investments the company is making now in international expansion, mobile technology and other initiatives start to pay off.

EBay shares fell 2.9 percent to $54.45 in after-hours trading on Wednesday.

The company also reported earnings of $829 million, or 63 cents per share, for the first quarter, compared with $725 million, or 55 cents a share, in the same period last year. Revenue was $3.75 billion, up from $3.28 billion a year earlier.

EBay was expected to earn 62 cents a share in the first quarter on revenue of $3.76 billion, according to Thomson Reuters I/B/E/S.

(Reporting by Alistair Barr; Editing by Steve Orlofsky)

Source: http://news.yahoo.com/ebay-quarterly-revenue-climbs-14-percent-202638522--sector.html

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A One Day Drop In Stocks And Gold Does Not Mean That Inflation Is ...

Stocks, commodities and precious metals all fell sharply on Monday, a day when diversification did not work as expected. My moderate risk model portfolio felt the pain with losses in nearly every asset class. The only positions that rose on Monday were bonds and the Arbitrage Fund, ARBFX (perhaps because there were $52 billion of mergers announced on Monday).

Days like yesterday remind me why I still own some Treasuries. I don't like the long-term outlook, but when every other asset class goes up in flames, you can still count on a flight to safety.

So I hold my nose and buy TIPS and Treasuries (not a lot, but enough for volatility management). Monday shows that this still works, even though gold makes more sense as a long-term hedge.

Moderate Risk Model Portfolio, Ranked by Daily Performance on 4/15/13

FundSymbolLast price% Change
Barclays ETN S&P VEQTOR ETNVQT$133.89-2.1%
WisdomTree Emerging Markets Eqty Incm FdDEM$53.10-1.4%
iShares Gold Trust ETFIAU$13.19-1.3%
Schwab U.S. Broad Market ETFSCHB$37.43-1.0%
JPMorgan Alerian MLP ETNAMJ$44.69-0.9%
Schwab Emerging Markets Equity ETFSCHE$24.63-0.7%
Schwab U.S. REIT ETFSCHH$33.61-0.7%
iShares iBoxx $ High Yid Corp BondHYG$94.15-0.6%
Schwab U.S. Dividend Equity ETFSCHD$31.65-0.6%
Schwab International Equity ETFSCHF$27.75-0.5%
Arbitrage Fund Class RARBFX$12.450.0%
iShares IBoxx $ Invest Grade Corp Bd FdLQD$121.470.0%
Schwab U.S. TIPS ETFSCHP$58.560.1%
Schwab U.S. Aggregate Bond ETFSCHZ$52.590.1%

Signal or Noise?

The convergence of correlations on Monday and a spike in the VIX is usually a sign of a financial or economic crisis. The news on Monday was certainly tragic (Boston's bombing), but not economically disastrous (China's slowdown). The steep decline probably reflects the market's complacency in spite of weak fundamentals. This complacency is aided and abetted by quant easing, which makes it easy to overlook bearish data about Europe, corporate profits, employment, etc. (Speaking of employment, a labor force participation rate of 63% is a disgrace, and nearly four years after a "recovery" it's a catastrophe.)

But the litany of bad news at home and abroad is not new, and bad news did not cause the sell-off on Monday. It's not clear what did: Perhaps forced selling at a few large hedge funds, or perhaps the market was simply extended. QE is not an anti-gravity machine; it's more like a hot-air balloon.

Inflation Is Not Dead

In a few stories I've read, the simultaneous drop in stocks, commodities and precious metals is being treated like a warning bell, ringing loud and clear that inflation is dead and deflation is the new enemy. This interpretation is helped by the assumption that commodities are a proxy for global economic growth.

But it is too early to tell if Monday's move signals the death of gold, global recession, or the onset of deflation. Granted, this is what the price signals indicate. But I do not assume that price signals are correct or predictive of underlying economic growth.

Quant Easing Still Drives Markets

There is a fallacy in using asset prices to predict economic fundamentals. Global capital markets have been massively distorted by quantitative easing, so asset prices have been sending distorted signals. The distortion has been most obvious in the U.S. bond market, with 10-year Treasuries offering negative real yields. But QE's fingerprints have also been evident in the stock market, and in the disconnect between stocks and corporate profits over the last six months. There is also evidence that QE is also affecting U.S. residential real estate, since near-zero rates have led to a massive influx of institutional money.

With all of this money chasing assets, it's a safe bet that QE is also affecting commodities and precious metals. The fact that QE is not driving commodity prices higher right now is probably a sign of short-term rotation into other asset classes. This short-term rotation is being exaggerated by the amounts of money at work, and by leverage. QE makes leveraged bets by hedge funds much less expensive, and leveraged bets wreak havoc when they are unwound suddenly. With gold prices breaking through key support levels, this is probably what's at work today. Moreover, margin calls and forced selling tend to cascade across asset classes, causing selling across the board. This happened in the fall of 2008, when hedge funds had to unwind positions that had no direct link to Lehman, to mortgages, or to the economic slowdown. That's why they call it contagion.

So for now, the price moves and the convergence of correlations look to me like rotation among asset classes, exaggerated by QE and leverage. I do not read these moves as an inflection point in the economy or inflation. Not yet, anyway.

Confusing Cause and Effect

It can be a mistake to use price movements explain the news. Journalists often do this under deadline pressure, and financial journalists are notorious for assuming that the market is always right. "If prices are moving, there must be a reason." That's true, of course, and I pay attention. But there doesn't have to be a fundamental reason. And a dramatic plunge in gold strikes me like a signal about the gold market, and not a signal about economic growth or inflation expectations.

The U.S. still wrestles with a mountain of debt, and the country is kicking the can down the road with QE and zero-bound interest rates. The U.S. also has massively underfunded public pensions, and partisan gridlock that renders us unable to address Medicare and Social Security. It is all a recipe for inflation, a political cure-all for weak leadership and unrealistic promises. Consequently, I believe that America's monetary and fiscal policies will eventually lead to inflation. (A deflationary outcome is even worse, since a shrinking economy and falling government revenues would make our deficits larger. In that case, we get stagflation, and lots of it.)

Since the monetary and fiscal outlook for the U.S. has not suddenly improved over the last day, week, or month, I believe it is a mistake to conclude that lower gold prices mean lower inflation. The drop in gold may signal lower growth - that remains to be seen. But I sincerely doubt that lower gold prices have ended the threat of inflation.

Guilty of Optimization in the First Degree

Monday's broad sell-off across asset classes is a good time to highlight the fatal flaw in static optimization models: Correlations change. The past is not always prologue. Days like Monday are a reminder of the weaknesses in automated tools that "help" investors plan for retirement. In the worst form, these mindless models treat diversification as a simple matter of blending asset classes and strategies, and financial planning for a 30-year retirement is no harder than making a smoothie.

Paul Kaplan once said, "Historical statistics should not be blindly fed into an optimizer." Yet that is exactly what most investors do for their retirement planning, after they encounter one of the optimizers that are so popular on the web. When the assumptions fail and the projections fall short, the hapless investor is left holding the bag.

As for me, I am guilty as charged of optimizing portfolios, and I live with the messy results. What are the differences between what I do and "blind optimization?"

  1. I'm candid with clients about what models can achieve.
  2. I use models as a means, not an ends. I'm responsible for the results, not a model.

Those are the differences in my practices. I also differ from most optimizers in my beliefs:

  1. There are no perfect hedges - any asset that acts as a hedge eventually loses this characteristic after it becomes a liquid, marketable security.
  2. Hedging, diversification, and risk management are all inherently fluid, tactical, and specific to each client's goals.
  3. Active management is still the best form of risk management.
  4. There is no perfect model, mix, or method. There is only process, execution, and accountability.

Disclosure: I am long VQT, DEM, IAU, SCHB, AMJ, SCHE, SCHH, HYG, SCHD, SCHF, LQD, SCHP, SCHZ. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. LONG ARBFXAll written content is for information purposes only. Opinions expressed herein are solely those of Right Blend Investing and our editorial staff. Material presented is believed to be from reliable sources, however, we make no representations as to its accuracy or completeness. All information and ideas should be discussed in detail with your individual adviser prior to implementation. The presence of this article shall in no way be construed or interpreted as a solicitation to sell or offer to sell investment advisory services to any residents of any State other than the State of New Jersey or where otherwise legally permitted. This is not a complete discussion of the information needed to make a decision to open an account with Right Blend Investing, LLC. There are always risks in making investments, including the investment strategies described. (More...)

Source: http://seekingalpha.com/article/1343791-a-one-day-drop-in-stocks-and-gold-does-not-mean-that-inflation-is-dead?source=feed

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Wednesday, April 17, 2013

Report: US resorted to torture after 9/11 terror

NEW YORK (AP) ? An independent review of the U.S. government's anti-terrorism response after the Sept. 11, 2001, attacks reported Tuesday that it is "indisputable" the United States engaged in torture and the George W. Bush administration bears responsibility.

The report by the Constitution Project, a non-partisan Washington-based think-tank, is an ambitious review of the Bush administration's approach to the problems of holding and interrogating detainees after the attacks on the World Trade Center and the Pentagon.

The report says brutality has occurred in war before, "But there is no evidence there had ever before been the kind of considered and detailed discussions that occurred after September 11, directly involving a president and his top advisers on the wisdom, propriety and legality of inflicting pain and torment on some detainees in our custody."

The former U.S. ambassador to the United Nations under President George W. Bush, John Bolton, called the report "completely divorced from reality" and stressed that the procedures were "lawyered, and lawyered again, and lawyered again."

"The whole point of the Bush administration's review of the techniques was so that no one would be tortured," he said. "The intention was precisely the opposite."

The Constitution Project surveyed the ways in which prisoners were held and interrogated at Guantanamo Bay, in Afghanistan and Iraq, and at secret CIA "black prisons."

The report is the product of a two-year study based on evidence in the public record. It was conducted by a bipartisan task force of 11 experts from a broad range of ideological perspectives and professions. The Constitution Project appointed both former Republican and Democratic policymakers and members of Congress, retired generals, judges, lawyers and academics.

Among them was co-chairman Asa Hutchinson, who was President George W. Bush's undersecretary for border and transportation security at the Department of Homeland Security from 2003 to 2005. The other co-chairman was former Rep. James R. Jones, a Democrat.

Much of the legal justification for what was called "enhanced interrogation" by some, but torture by the Constitution Project, was drafted by John Yoo, at the Justice Department's Office of Legal Counsel.

The Constitution Project report cites Alberto Mora, the general counsel of the Navy, as being one of the senior officials troubled by the expanded interrogation techniques, and quotes him as asking Yoo whether the president could lawfully order a detainee to be tortured.

"Yes, the president could authorize torture, he said was Yoo's response," according to the report. "Yoo said that whether the techniques should be used wasn't a legal question, but rather it was a policy question," the report says.

A call for response to Yoo, who now teaches at the University of California-Berkeley School of Law, was not immediately answered. The Constitution Project said that he did not participate in the preparation of their report.

As a result of the Bush administration's green-lighting of "enhanced interrogation techniques," the report says, "U.S. forces, in many instances, used interrogation techniques on detainees that constitute torture. American personnel conducted an even larger number of interrogations that involved 'cruel, inhuman, or degrading' treatment."

"Both categories of actions violate U.S. laws and international treaties. Such conduct was directly counter to values of the Constitution and our nation," The Constitution Project report said.

Former Vice President Dick Cheney, the most vocal defender of the Bush administration's anti-terror policies, said in 2011 that he had "no regrets" about the harsh interrogation policies pursued in the wake of the Sept. 11, 2001, terror attacks.

Cheney was asked in 2009 if he still advocated waterboarding, and told NBC News, "I would strongly support using it again if circumstances arose where we had a high-value detainee and that was the only way we could get him to talk."

The executive director of Boston-based Physicians for Human Rights, Donna McKay, said that her group "has long contended that interrogation techniques such as waterboarding, sleep deprivation, and stress positions did in fact constitute torture. We are gratified that a highly respected bipartisan panel led by two former members of Congress uniformly concurs. Their report should put to rest any lingering doubt about the severity of the abuse that took place at Guant?namo Bay and other US detention facilities."

The review found "There is no firm or persuasive evidence that the widespread use of harsh interrogation techniques by U.S. forces produced significant information of value. There is substantial evidence that much of the information adduced from the use of such techniques was not useful or reliable."

"There are, nonetheless, strong assertions by some former senior government officials that the use of those techniques did, in fact, yield valuable intelligence that resulted in operational and strategic successes. But those officials say that the evidence of such success may not be disclosed for reasons of national security," the report noted.

"History shows that the American people have a right to be skeptical of such claims, and to decline to accept any resolution of this issue based largely on the exhortations of former officials who say, in essence, 'Trust us' or 'If you knew what we know but cannot tell you,'" the Constitution Project said.

"The Task Force believes there was no justification for the responsible government and military leaders to have allowed those lines to be crossed. Doing so damaged the standing of our nation, reduced our capacity to convey moral censure when necessary and potentially increased the danger to U.S. military personnel taken captive," it said.

"Democracy and torture cannot peacefully coexist in the same body politic," the report said. "The Task Force also believes and hopes that publicly acknowledging this grave error, however belatedly, may mitigate some of those consequences and help undo some of the damage to our reputation at home and abroad."

President Barack Obama has declined to investigate interrogation methods under the administration of his predecessor, George W. Bush.

The counterterrorism adviser at Human Rights Watch, Laura Pitter, said, "The finding of torture by a diverse, bipartisan task force, without subpoena power and looking solely at the public record, shows the need for an official US investigation into detainee abuse. The indisputable evidence of torture clearly raises the question: what will the US government do about it?"?

___

On the Web: The Constitution Project's report:

http://detaineetaskforce.org/

http://detaineetaskforce.org/pdf/Full-Report.pdf

Source: http://news.yahoo.com/report-us-resorted-torture-9-11-terror-162240308.html

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Ashleigh Flynn Releases ?A Million Stars? on May 14th Featuring ...

Ashleigh Flynn

Ashleigh Flynn

Ashleigh Flynn represents the next generation of true songwriters. She rules!?
?Nanci Griffith

?One of my favorite people to perform and hang out with is Ashleigh Flynn. Her lyrics are smart, she?s got a voice full of soul, and she knows how to handle a crowd.?
?Todd Snider

?True blue Americana??
?Paste Magazine

Portland, Oregon-based Ashleigh Flynn celebrates her latest CD, A Million Stars. Set for national release on May 14, 2013, Flynn?s fourth studio effort on her own Home Perm Records, is produced by Chris Funk, her longtime friend and musical collaborator, best-known as the Decemberists? multi-instrumentalist. The record features Todd Snider and many of Portland?s most talented musicians including, Chris Funk, Jenny Conlee-Drizos, Nate Query, John Moen, Annalisa Tornfelt, and the Stolen Sweets singers, among others.

A Million Stars continues the inspired narrative Flynn began on earlier records with tales deeply rooted in the American experience. The most profound seed of inspiration for the new record was a watercolor painted by her young niece depicting a cowgirl atop her horse under a starry desert sky. Who was this girl so confidently astride her mount? Calamity Jane? Surely there were others like her? Discovering the painting led her on a quest to learn more about the women of the westward expansion, unnamed heroes that history had largely overlooked.

The album?s twelve tracks represent true blue Americana featuring a bit of folk, blues, country and rock. The title cut, ?A Million Stars?, chronicles the story of Cattle Annie and Little Britches, two cowgirls who rode the outlaw trails in the late 1800s, disguised as men, so as to gain entr?e onto the frontier, a place not seen fit for a woman. ?See That Light?, a seemingly fun little blues ditty but with a strong message, features Todd Snider, Flynn?s musical mentor, who plays the voice of reason and, in his sermon to those who might judge certain types of love unlike their own, warns of the resulting harm caused by such hypocrisy. Other highlights include a bluegrass tune ?Dirty Hands and Dirty Feet?, a vintage jazz tune about Portland?s own ?Prohibition Rose?, and ?A Little Low?, a memorial to one of her friends,?Nancy Bergeson ? Assistant US Federal Defender who was murdered, and whose murder is still unsolved. ?Walk Awhile?, recorded live at Search Party West, features party goers on parts of the chorus adding a fun and unique element.

Ashleigh Flynn grew up in Kentucky and cut her teeth on local bluegrass music. She arrived on the national scene in 2008 with the release of her third record, American Dream. A prolific songwriter, Flynn is also an electrifying performer blessed with unbridled charisma. She has released two prior full-length studio records Chokecherry (2002) and Ashleigh Flynn, self-titled (1999) and a live record, Sneakin? Out with Ashleigh Flynn (2005).

Based on the merits of?American Dream, Flynn has performed at many a music festival including Bonnaroo, Bumbershoot, Falcon Ridge Folk, High Sierra, Gamble Rogers, Sisters Folk, and most recently the 30A Songwriters Festival in Florida. She has also traveled the globe, peddling her wares, and regularly warming tours for Todd Snider and Nanci Griffith, as well as opening shows for John Hiatt, Shawn Colvin, and Band of Heathens, among others. American Dream landed Flynn spots on many national & internationally syndicated radio programs that celebrate Americana music, including Mountain Stage, WoodSongs Old-Time Radio Hour, and NPR.

Ashleigh Flynn Pre-Album Release Tour:
3/19 Millvale, PA ? Mr. Small?s Funhouse *
3/20 Cleveland, OH ? Beachland Ballroom & Tavern *
3/21 Buffalo, NY ? Tralf Music Hall *
3/22 Ithaca, NY ? The Haunt *
3/23 Boston, MA ? Paradise Rock Club *
3/24 Portland, ME ? Port City Music Hall *
*supporting Todd Snider

Album Release Tour Dates tba.

For more information, please visit: www.ashleighflynn.com

Source: http://triangleartsandentertainment.org/2013/04/ashleigh-flynn-releases-a-million-stars-on-may-14th-featuring-chris-funk-todd-snider-annalisa-tornfelt-more/

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Exporting from Mendeley? - The Chronicle of Higher Education

Angry Man with Sign PhotoAs has been widely reported, the reference manager Mendeley was recently purchased for roughly $69 million by Elsevier, the Dutch publishing behemoth. Though we often suggest Zotero as a way to organize and cite research material, we have favorably recommended Mendeley as well. I even used Mendeley?s iPad app until the Zotero-based Zotpad was released.

But now that Elsevier?whose business practices have raised concern from open access advocates?owns Mendeley, there has been a backlash against the free software program. Most notably, the prominent Internet researcher danah boyd announced she was quitting Mendeley.

For the moment let?s set aside the financial and scholarly implications of Mendeley?s new ownership and focus on purely practical matters. Are you switching from Mendeley? If so, we?re less interested in hearing why and more focused on how.

Mendeley?s user support forums offer many tips on importing from Zotero and syncing with Zotero, but there?s less information available about exporting to Zotero (and especially exporting in a way that preserves your folder structures, notes, etc.). A recent discussion thread on the Zotero forums offers some suggestions, but we thought our readers might have their own ideas. We invite you to share practical tips on exporting from Mendeley in the comments.

Creative Commons Angry Man / Spew Love photo courtesy of Flickr user soukup

Source: http://chronicle.com/blogs/profhacker/exporting-from-mendeley/48471

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