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“We do collaborative pieces where I will use Metro’s brushstrokes, kind of work around his brushstrokes and incorporate his brushstrokes and we’ll do paintings of horses; we do paintings of landscapes,” Krajewski added. |
What started as a hobby, quickly turned into a business. |
Metro’s paintings are now sold, with 50% of proceeds going to a cause that hits close to home. |
The other half of sales go to Metro’s care and his expensive medical treatments for his knees. |
“Painting pretty much saved his life,” Krajewski said. “It’s actually real therapeutic for both of us. I mean the bond has gotten stronger with me and Metro because instead of riding him, I’m standing side-by-side working with him." |
Metro is now the best-selling artist at Gallery 30 in Gettysburg. |
You can also buy Metro’s artwork off the website, Painted By Metro. |
So far, his paintings have raised over $80,000 for the New Vocations Racehorse Adoption Program. |
Metro also has a wine named after him at Adams County Winery. |
It’s called Metrose’ and for every bottle sold, the winery donates $1 to New Vocations. |
The global economy was already showing signs of a slowdown when President Donald Trump reminded the world of his love of tariffs and sent a chill through financial markets. |
"I am a Tariff Man," Trump announced Tuesday to signal his devotion to import taxes — a remark that served to downplay the likelihood of ending his trade war with China. Stocks sank across the world, in part over fear that an escalation in tariffs would choke off economic growth and possibly send a global slowdown into... |
Still, Trump's rattling of the global economy came at a precarious moment, with the economic outlook for 2019 dimming and concerns about a potential recession — if not next year then soon thereafter — rising. |
The economic stimulus from U.S. tax cuts is beginning to fade. Britain is struggling to leave the European Union. Italy's debt is widening. China is trying to navigate a slowdown after decades of unsustainably fast growth. Germany, Europe's largest economy, shrank in its most recent quarter. |
Global growth was already slated to slip to 3.5% next year from 3.7% even without accounting for the risks of escalating U.S. tariffs and China's counter-tariffs, according to estimates by the Organization for Economic Cooperation and Development, an intergovernmental think tank of 36 nations. |
Now, businesses, consumers and nations must account for the chaotic confusion injected by Trump's evolving and conflicting messages about his administration's trade relationship with Beijing, said Ian Shepherdson, chief economist at Pantheon Macroeconomics. |
Shepherdson worries that the president's fondness for tariffs might itself be enough to further suppress growth. |
"The uncertainty caused by the whipsawing of his trade stance means that business investment will be delayed or canceled, marginal hiring decisions will be postponed and potential overseas business partners will look elsewhere," Shepherdson said. |
Trump imposed tariffs of 10% on $200 billion worth of Chinese goods in September. Those tariffs were set to rise to 25% on Jan. 1. The president had also threatened to impose tariffs on essentially all the remaining goods from China that aren't already subject to his higher tariffs. The Trump-Xi dinner negotiations, th... |
"The global picture is getting murkier, and that'll impact the eurozone via trade and sentiment," Erik Nielsen, chief economist at UniCredit bank, said in a note to clients. |
Italy is suffering from uncertainty over its economic outlook under a new populist government. The government wants to raise public spending, thereby adding to its huge debt load of over 130% — and even rekindling concerns of a return of Europe's debt crisis. |
Brexit, meanwhile, is an unknown, with Britain in the midst of political turmoil. It's possible that it could leave the EU without any deal on future relations involving trade. That's a worst-case scenario that would immediately establish tariffs and customs checks on hundreds of billions of dollars in exports between ... |
White House aides have suggested that Trump is promoting tariffs merely as a tool to forge agreements that would actually eliminate all import taxes. And at the opening of this week, the administration was already claiming progress with China on the purchase of $1.2 trillion worth of U.S. goods — even though White Hous... |
"President Trump regards himself as a trade reformer," Larry Kudlow, director of the White House National Economic Council, told reporters Monday. "He wants a world of zero tariffs and zero non-tariff barriers and zero subsidies." |
Then, on Tuesday, Trump seemed to thumb his nose at that White House talking point by dubbing himself "Tariff Man." |
"When people or countries come in to raid the great wealth of our Nation," he tweeted, "I want them to pay for the privilege of doing so." |
The problem for the global economy is that tariffs tend to inflate prices, depress trade and reduce the incomes of everyday workers. That's because companies must either absorb the higher costs created by tariffs or pass them on to their customers. |
"The bottom line: Tariffs don't in fact make Americans richer," York said. "Tariffs reduce incomes for American taxpayers, and the effect is greater for middle and lower-income families." |
Emerging markets aren't going to face the headwinds they typically do in May and June this year as stronger U.S. growth . . . |
Uber is planning to sell 180 million shares for between $44 and $50 each, valuing the ride-hailing giant lower than prev . . . |
The expectation of an economic recovery to support the continuation of the bull market is likely misplaced for several r . . . |
Skybound Entertainment is bringing its new virtual reality (VR) horror series “Delusion: Lies Within” to Samsung VR. Starting on November 2, owners of compatible headsets will be able to buy the 4-part series via the Samsung VR app for $4.99. |
“Delusion: Lies Within” is the brainchild of Jon Braver, who has been holding annual horror plays under the “Delusion” brand in Los Angeles for some time. Part, immersive theater, part haunted house, “Delusion” has been a hit with Angelenos for years — but Braver had long been looking for ways to push the franchise fur... |
“These plays are only for 6-8 weeks,” he told Variety during a recent interview. By branching out, Braver hoped to give his stories longevity beyond the season of scares. Horiginally approached Skybound about turning “Delusion” into comic books — but the folks at Skybound ultimately were able to convince him that VR mi... |
Set in the American South of the 1940s, “Delusion: Lies Within” follows two literary fans in their quest to find and ultimately save their favorite author. The VR series is split up in four episodes, with each running for about 8 minutes. The series was produced with help from Santa Monica, Calif.-based VR production c... |
This isn’t the first time for Skybound to partner with Samsung on narrative VR. Three years ago, the two companies teamed up for “Gone,” one of the very first serialized stories to be released on Samsung’s then-nascent Gear VR headset. |
For VR to succeed, it doesn’t just need good headsets, but also good content, argued Braver, adding that he had watched too many 360 videos that made him cringe. “We can’t be having that stuff out there,” he quipped. |
As for “Delusion,” the VR series will just be a first step, said Braver. He’s committed to work with Skybound on features, comics, and maybe even a television series. “Skybound is family for me now,” he said. |
To help celebrate the school’s 200-year anniversary, students at the University of Michigan have decided to build a time capsule. Boring, right? Not exactly. Instead of burying it, which would inevitably lead to its contents rotting away, the students want to blast it into space where it will orbit the earth for 100 ye... |
The process of creating a time capsule usually involves building what is essentially a miniature vault designed to protect what’s inside—be it photos, memorabilia, newspapers, or whatever—from the elements and anythi else decades of neglect can throw at it. More often than not, it fails, resulting in a disappointing re... |
Instead of a vault, however, the University of Michigan students are designing and building a “cubesat”—a tiny satellite made up of four-inch cubes—that will contain almost 1,000 interviews from students at the school, all microscopically etched onto silicon chips. The tiny time capsule will also feature the school’s m... |
There won’t be any photographs or newspaper clippings stuffed into the cubesat time capsule, however, as the students need to maximize the limited space they have available to incorporate a propulsion system—the first to be incorporated into a tiny satellite like this. Earth’s gravity eventually pulls everything orbiti... |
But there’s yet another challenge to designing a satellite that will eventually be retrieved after 100 years in orbit: it won’t be able to carry enough power to communicate with the Earth the entire time. Eventually it will go silent, so the students have integrated external reflectors into its design so that when 100 ... |
The experiment is certainly a creative way to ensure that the time capsule’s contents survive the century-long trip. But after 60 years of sending rockets, satellites, and other spacecraft into orbit, it’s also getting really crowded and cluttered around our planet. So maybe the last thing we need is everyone blasting ... |
The team also wanted to clarify that after 100 years the craft won’t come crashing down to Earth by itself, but will be dependent on a future team of students to come up with a way to retrieve the satellite, and the messages it’s preserving, from orbit. |
Is Space the Final Frontier for Time Capsules? |
Is Novell worth $2 billion? |
Novell isn't the IT giant it once was, but the company may be well worth the $2 billion offered in a takeover bid by a New York hedge fund, analysts say. Novell's value is "at least that, and more," says Gartner analyst Earl Perkins. |
In a letter sent Tuesday to Novell's board of directors, the hedge fund Elliott Associates said its offer of $5.75 per share represented a premium of 49% over Novel's enterprise value, a measure that includes a firm's market capitalization, preferred stock and debt. |
But Novell's stock jumped to $5.97 per share after the offer by Elliott Associates, which already owns 8.5% of Novell, Dow Jones Newswires reported. |
Novell's operating income in the quarter ended 31 January, 2010, was a modest $21 million, but the company has $1.82 billion in total assets. After subtracting liabilities of $866 million, stockholder equity in Novell exceeds $953 million. |
It's not likely Elliott Associates wants a long-term involvement in the IT industry, so the company must believe it will eventually see a return of more than $2 billion, possibly by selling off Novell's most valuable assets piece by piece, analysts say. |
"I don't have any inside information, but given the fact that the offer is being made by a hedge fund, my assumption is they've taken a look at Novell's assets and books and they believe there are enough assets within the company to produce more than a $2 billion return if they decided to sell those off," says Pund-IT ... |
Novell dominated the network operating system market in the 1990s with NetWare, but usage dwindled and that product has since been replaced by Novell's Open Enterprise Server. Coincidentally, Novell is scheduled to end general support for NetWare this Sunday, but will continue to offer an extended support plan until Ma... |
Novell's SUSE Linux is the second most widely used Linux distribution in the world, but its market share is still less than half that of Red Hat's, says IDC analyst Al Gillen. |
Novell is not in dire financial straits, given that it has "close to a billion dollars in the bank," Gillen says. But it's not growing either. Elliott Associates "presumably would make substantial changes to the business operation, to change the profitability of the company and bring it to a point where they could liqu... |
A bidding war is always a possibility in the IT industry, but in this case Gillen says there is at least one reason to think that won't happen. If IBM or Microsoft were the one offering $2 billion to buy Novell, competitors might feel threatened and consider making a bid themselves. But with Elliott potentially purchas... |
"Novell's got a number of interesting technologies that are potentially attractive to other companies, especially if they can be acquired on an individual basis," Gillen says. |
Gillen says he doesn't have the financial expertise to determine whether $2 billion is a fair price for Novell. But Dow Jones Newswires quotes Benchmark Capital analyst Brent Williams as predicting that the deal won't be completed, partly because selling off Novell's individual parts "won't create much value for Elliot... |
Gartner's Perkins is more bullish on Novell, saying there is significant growth opportunity in Novell's identity and access management products, as well as the company's Intelligent Workload Management tools, which manage and optimize computing resources across physical, virtual and cloud platforms. |
King suggests that Novell's assets could be worth more than the company itself, and doesn't rule out a bidding war. A Microsoft/Novell deal would raise antitrust concerns, and IBM has said it doesn't want to be a Linux distribution vendor, but there are still other IT companies that would be capable of spending more th... |
Novell "is a very well-established brand in IT," King says. "The company's attempt to transform itself into a multi-platform, open source, operating system provider has not taken off as well as they hoped it would, but there's still a lot of value left in Novell and the products they've got." |
The devoted “Fox & Friends” fan made sure the country didn’t miss Sunday’s episode. |
President Donald Trump appears to be catching up on old episodes of his favorite cable news program. |
On Tuesday, the assiduous “Fox & Friends” viewer referenced talking points from a Sunday segment featuring Jonathan Turley, in which the George Washington University law professor expressed doubt that the special counsel’s investigation will reveal evidence of collusion between Trump and Russia. |
The president then followed up with a quote from Ken Starr, who also appeared on “Fox & Friends” Sunday to similarly dismiss charges of collusion. Trump punctuated his morning tweets with a personal touch of “Witch Hunt!”—his favorite phrase to cast doubt on the ongoing Russia probes. |
It’s unclear what prevented Trump from watching the Sunday episode in real-time. |
The tweets on Tuesday came as CNN published a new poll showing 6 out of 10 Americans are concerned that Trump is not doing enough to protect future elections from potential interference threats. |
Ask Frank: Can I get tickets to take dad to the summer football in Poland and Ukraine? |
ANSWER: England play their group matches in Ukraine, facing France and co-hosts Ukraine in Donetsk and playing Sweden in Kiev. Thomson Sport (0845 004 2086, www.thomsonsport.com) offers day trips to each of the three group matches. You can book a travel-only deal or a travel-and-ticket package. Day packages start from ... |
Two-night packages to Kiev are available from £1,244pp including bed-and-breakfast at the three-star Kozatskiy Hotel in the city centre, a match ticket, and airport and match transfers. Thomson also has day-trip packages for the final. |
ANSWER: The factory is actually sited in Maranello - not far from Modena - where you can visit the Museo Ferrari, a museum devoted to the history of the cars (www.ferrari.com/English/about_ferrari/Ferrari-Museum). But in Modena, birthplace of the famous marque's founder Enzo Ferrari, a new museum is due to open next mo... |
ANSWER: The sleepover is part of the Museums At Night promotion, an after-hours celebration of arts, history and heritage taking place at hundreds of museums and galleries opening late over the weekend of Friday, May 18, to Sunday, May 20. There is a sleepover at ghostly Ruthin Gaol in North Wales, while at the Nationa... |
Elsewhere you can discover secret gardens, travel on a Victorian train, enjoy a pyjama party or go star-gazing - there are activities to capture the imagination of even the most reluctant museum-goer. More details are available from www.museumsatnight.org. |
Further to last week's question about the EHIC card, new cards can be obtained at www.ehic.org.uk, or by phoning 0845 606 2030. |
DO YOU HAVE A QUESTION FOR FRANK BARRETT? |
Trail builder Clif McMilan enters a turn in one of the new trails at Donner Ski Ranch. |
“The top five online” is a weekly report of the top five online stories the previous week, in terms of overall page views and reader interest as shared through social media. To stay up to date with our online news, visit SierraSun.com, or follow the Sierra Sun-North Lake Tahoe Bonanza on Facebook. |
TAHOE-TRUCKEE, Calif. — Below is a recap of the top stories from Nov. 2-8 at http://www.sierrasun.com. |
This web-only story offered a preview of the National Weather Service’s forecast of the first storm of the 2015-16 winter season at Lake Tahoe. |
It was a fitting start to November, as roughly a foot of snow ended up falling. Live updates the morning oof Monday, Nov. 2, let readers know about power outages in Incline Village, an upgraded forecast to a winter weather advisory, and more. |
The Lake Tahoe ski season kicked off Wednesday, Nov. 4, thanks to the season’s first storm. |
Mt. Rose Ski Tahoe received up to 14 inches of snow up top from the storm that picked up steam overnight Nov. 1 and pelted the region with record rainfall and wet snow into Monday afternoon. Mt. Rose became the first ski resort to open, due to the snow and cold temperatures allowing for continued snowmaking. |
Truckee’s Andy Barr and his wife, Truckee Mayor Alicia Barr — who both co-own FiftyFifty Brewing Company — recently rescinded their application to build an 18,500-square-foot brewery on the Arnold property on West River Street, due to time constraints to move forward with needed business expansion, Andy Barr said. |
Instead, the Barrs have begun work remodeling an existing 12,000-square-foot building along River Park Place, which shares a parcel line with the Arnold property. |
The 2015 Sierra Bowl on Oct. 31 was touted as a season-ending showdown between two evenly matched, bitter rivals hungry for bragging rights. It certainly lived up to the billing. |
After falling behind visiting South Tahoe 7-0 early, Truckee responded with 21 unanswered points and then fended off a second-half comeback attempt to escape with a 21-13 win, ending the Wolverines’ season on a high note with a 5-5 overall record (5-4 division). |
Donner Ski Ranch near Donner Summit has been working this summer to open as many as five mountain biking trails next year. |
While five is the initial goal, resort officials hope to have the ability to build more throughout next biking season, offering trails for different tastes and ability levels, from jumps and technical downhill to trails more suited to the modern enduro bike. To learn more, search “The Bike Park at DSR” on Facebook. |
Even as the economy continues to struggle, much of Wall Street is minting money — and looking forward again to hefty bonuses. |
Many Americans wonder how this can possibly be. How can some banks be prospering so soon after a financial collapse, even as legions of people worry about losing their jobs and their homes? |
It may come as a surprise that one of the most powerful forces driving the resurgence on Wall Street is not the banks but Washington. Many of the steps that policy makers took last year to stabilize the financial system — reducing interest rates to near zero, bolstering big banks with taxpayer money, guaranteeing billi... |
Titans like Goldman Sachs and JPMorgan Chase are making fortunes in hot areas like trading stocks and bonds, rather than in the ho-hum business of lending people money. They also are profiting by taking risks that weaker rivals are unable or unwilling to shoulder — a benefit of less competition after the failure of som... |
So even as big banks fight efforts in Congress to subject their industry to greater regulation — and to impose some restrictions on executive pay — Wall Street has Washington to thank in part for its latest bonanza. |
Not all banks are doing so well. Giants like Citigroup and Bank of America, whose fortunes are tied to the ups-and-downs of ordinary consumers, are struggling to turn themselves around, as are many regional banks. |
But the decline of certain institutions, along with the outright collapse of once-vigorous competitors like Lehman Brothers, has consolidated the nation’s financial power in fewer hands. The strong are now able to wring more profits from the financial markets and charge higher fees for a wide range of banking services. |
“They are able to charge more for all kinds of services because companies need banks and investment banks more now, and there are fewer strong ones to help them,” said Douglas J. Elliott of the Brookings Institution. |
A year after the crisis struck, many of the industry’s behemoths — those institutions deemed too big to fail — are, in fact, getting bigger, not smaller. For many of them, it is business as usual. Over the last decade the financial sector was the fastest-growing part of the economy, with two-thirds of growth in gross d... |
Now, the industry has new tools at its disposal, courtesy of the government. |
With interest rates so low, banks can borrow money cheaply and put those funds to work in lucrative ways, whether using the money to make loans to companies at higher rates, or to speculate in the markets. Fixed-income trading — an area that includes bonds and currencies — has been particularly profitable. |
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