marți, 23 aprilie 2013

Is That the President on a Bicycle?

The White House Your Daily Snapshot for
Tuesday, April 23, 2013
 

Is That the President on a Bicycle?

Yesterday President Obama hosted the third White House Science Fair, bringing more than 100 student scientists and innovators from more than 40 states. Their projects included a robotic arm and a bicycle-powered water filtration system -- which President Obama had a chance to test drive.

See some of the best highlights of the White House Science Fair.

President Barack Obama talks with Kiona Elliott,18, and Payton Kaar, 16, from Oakland Park, Fla.,  as he pedals their bicycle-powered emergency water-sanitation station as they demonstrate their exhibit at the White House Science Fair, in the East Garden of the White House, April 22, 2013. The fair is a key commitment in the  President’s

President Barack Obama talks with Kiona Elliott,18, and Payton Kaar, 16, from Oakland Park, Fla., as he pedals their bicycle-powered emergency water-sanitation station as they demonstrate their exhibit at the White House Science Fair, in the East Garden of the White House, April 22, 2013. The fair is a key commitment in the President’s "Educate to Innovate" campaign to inspire more girls and boys to excel in STEM subjects. (Official White House Photo by Pete Souza)

In Case You Missed It

Here are some of the top stories from the White House blog:

Weekly Address: America Stands with the City of Boston
President Obama speaks to the American people about the act of terror at the Boston Marathon that wounded dozens and killed three innocent people on Monday, and says that through it all, Boston’s spirit remains undaunted and Americans have proven they refuse to be terrorized.

President Obama: "We've Seen the Character of Our Country Once More"
President Obama commends the response from the state and local police and federal investigators after law enforcement makes an arrest in the Boston Marathon bombings.

West Wing Week: 04/19/13 or "Selflessly. Compassionately. Unafraid."
Last week, the President responded to the terror attack in Boston, met with AmeriCorps volunteers, invited the Wounded Warrior riders to the White House, and for the first time, asked a citizen to deliver the weekly address.

Today's Schedule

All times are Eastern Daylight Time (EDT).

8:30 AM: The Vice President The Vice President meets with the Amir of Qatar, His Highness Hamad bin Khalifa al-Thani

10:15 AM: The President and the Vice President receive the Presidential Daily Briefing

11:00 AM: The President meets with senior advisors

12:30 PM: Press Briefing by Press Secretary Jay Carney WhiteHouse.gov/live

2:15 PM: The President honors the 2013 National Teacher of the Year WhiteHouse.gov/live

2:45 PM: The President meets with the Amir of Qatar, His Highness Hamad bin Khalifa al-Thani

6:30 PM: The President meets with a bipartisan group of women Senators for dinner

8:30 PM: The Vice President delivers remarks at the annual TIME 100 dinner at Lincoln Center

WhiteHouse.gov/live Indicates that the event will be live-streamed on WhiteHouse.gov/Live

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Seth's Blog : You don't have to pander

 

You don't have to pander

Merely giving the people what they want is a shortcut to banality, mediocrity and invisibility.

The agency that gives its clients exactly what they think they want never deserves to win Agency of the Year, and worse, is rarely seen as the leader in the field, the trusted advisor that is smart enough to know what the client ought to want instead. They certainly can't charge more or hire better team members.

I'm defining pandering as using your perception of your customer's wishes as an excuse to do work you're not proud of.

The public radio station that puts on empty, sensationalist coverage of the current crisis-of-the-year is chasing others down the rabbithole, a chase it can't (and doesn't want to) win. [The excuse is always the same—it's what the listeners want!]

The bookstore that gives customers toys, games and other junk to survive won't long be able to call itself a bookstore.

The restaurant that eagerly serves kids salty, fatty, tasteless junk food because that's all they will eat is inevitably training an entire generation not to eat at restaurants when they grow up.

The architect who proclaims that times are tough and ends up doing nothing but ticky tacky work because it's easy to sell gets the clients he deserves.

The copywriter/editor who trades in meaning for lists, using calculated SEO keyword loading and sensationalism designed to attract the drive-by audience, earns the privilege of doing it again and again, forever.

The reason you don't have to pander is that you're not in a hurry and you don't need everyone to embrace you and your work. When you focus on the weird, passionate, interesting segment of the audience, you can do extraordinary work for a few (and watch it spread) instead of starting from a place of average.

Go ahead and make something for the elites. Not the elites of class or wealth, but the elites of curiosity, passion and taste. Every great thing ever created was created by and for this group.

There's a surprisingly large amount of room at the this end of the market--among those that care enough about what they do to say no, and better yet, to teach the market why they're right.

They earn their niche at the top of the market by leading, not pandering.


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luni, 22 aprilie 2013

Mish's Global Economic Trend Analysis

Mish's Global Economic Trend Analysis


China PMI barely Above Contraction; Chinese Stocks Slump as Manufacturing Slows

Posted: 22 Apr 2013 09:10 PM PDT

Bloomberg reports Chinese Stocks Slump Most in Three Weeks as Manufacturing Slows
China's stocks fell, dragging the benchmark index down the most in three weeks, as data showed the country's manufacturing growing at a slower pace.

The Shanghai Composite has slumped 9.7 percent from a Feb. 6 high, on concern slowing growth will hurt earnings. China's economy expanded 7.7 percent in the first quarter, missing estimates, as industrial production and fixed-asset investments in March fell short of forecasts. Rising Chinese home prices may limit scope for stimulus as President Xi Jinping seeks to prevent a real-estate bubble.

"This has been a very narrowly based recovery, predominantly driven by infrastructure investment, but now even infrastructure investment is also apparently slowing down," said Tao Dong, head of Asia economics excluding Japan at Credit Suisse Group AG in Hong Kong.
China PMI barely Above Contraction

As I have said on numerous occasions, China's infrastructure build-out is both ridiculous and unsustainable. Yet that does not stop for one second the cheerleading.

For example please consider the Markit report headline for China Manufacturing that shows Operating conditions improve marginally in April



It is really tough to spin that stagnation, assuming you even believe it (I don't), into something positive. Hongbin Qu, Chief Economist, China & Co-Head of Asian Economic Research at HSBC managed to do just that.

Qu stated "The HSBC Flash China Manufacturing PMI came in at a two-month low, but still managed to expand modestly in April, albeit at a much slower pace. However, new export orders contracted after a temporary rebound in March, suggesting external demand for China's exporters remains weak. Weaker overall demand has also started to weigh on employment in the manufacturing sector. Beijing is expected to respond strongly to sustain the economic recovery by increasing efforts to boost domestic investment and consumption in the coming months."

Really?

50.5 is "modest expansion"?! Would 49.5 have been "modest contraction?"

Let's at least be honest about this. At best China is stagnating and this is in spite of an unwarranted and unsustainable infrastructure build-out.

Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com

A Brief Lesson in History: Video of Mish Presentation at the Wine Country Conference

Posted: 22 Apr 2013 10:31 AM PDT

My speech, "A Brief Lesson in History", is available at Wine Country Conference Speaker Presentations.

The videos are the actual presentations, and we are making a couple of them available each week for three weeks.

John Hussman's presentation "An Unstable Equilibrium" was posted last week.

Speaker presentation material, Yahoo! Finance media interviews, and associated articles on Advisor Perspectives are now available online at Wine Country Conference Speaker Slides.

If you enjoy the videos and slides please consider making a Donation to the Les Turner ALS Foundation. Specify "Mish Campaign" on the donation to earmark funds for research.

All told, we raised nearly $500,000 for ALS research, subject to final audit. $100,000 of that came from a very generous matching donation from the Hussman Foundation.

Thanks again for a successful 2013 WCC and we look forward to many more! The 2014 conference will raise money for autism research and programs.

Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com

Damn Cool Pics

Damn Cool Pics


Everyday Objects As Bongs

Posted: 22 Apr 2013 04:42 PM PDT

Sometimes you need to get resourceful.






































1950's Mountain Dew Can

Posted: 22 Apr 2013 10:30 AM PDT

So cool.









Bad Kisses

Posted: 22 Apr 2013 10:03 AM PDT

Bad and awkward kisses.






































Photos Tourists Must Stop Taking

Posted: 22 Apr 2013 09:24 AM PDT

I got none of these.

Kissing the Sphinx


Falling into the Grand Canyon


Fondling the Wall Street Bull


Blending in with the Terracotta Warriors


Doing the Rocky Balboa


Pinching the Taj Mahal


Mimicking Christ the Redeemer


Using a British phone booth


Rubbing Buddha's belly


Imitating the Royal Guard


Posing like the Statue of Liberty


Treating the Washington Monument like a penis


This goes for ladies too.


Walking across Abbey Road


Holding up the leaning Tower of Pisa


"Walking like an Egyptian"


Eiffel-towering at the Eiffel Tower


Happy National Park Week! [Infographic]

Posted: 22 Apr 2013 08:52 AM PDT

In honor of National Park Week, we wanted to share a number of fun facts with you. For instance, did you know that all national parks have free admission April 22-26 for National Park Week? Take advantage of this great opportunity to experience some of the country's most exhilarating parks and wildlife. And don't forget to support your national parks!

Click on Image to Enlarge.

Via nationalparks.org