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The dataset generation failed
Error code: DatasetGenerationError
Exception: ArrowInvalid
Message: JSON parse error: Missing a closing quotation mark in string. in row 174
Traceback: Traceback (most recent call last):
File "/src/services/worker/.venv/lib/python3.9/site-packages/datasets/packaged_modules/json/json.py", line 153, in _generate_tables
df = pd.read_json(f, dtype_backend="pyarrow")
File "/src/services/worker/.venv/lib/python3.9/site-packages/pandas/io/json/_json.py", line 815, in read_json
return json_reader.read()
File "/src/services/worker/.venv/lib/python3.9/site-packages/pandas/io/json/_json.py", line 1025, in read
obj = self._get_object_parser(self.data)
File "/src/services/worker/.venv/lib/python3.9/site-packages/pandas/io/json/_json.py", line 1051, in _get_object_parser
obj = FrameParser(json, **kwargs).parse()
File "/src/services/worker/.venv/lib/python3.9/site-packages/pandas/io/json/_json.py", line 1187, in parse
self._parse()
File "/src/services/worker/.venv/lib/python3.9/site-packages/pandas/io/json/_json.py", line 1403, in _parse
ujson_loads(json, precise_float=self.precise_float), dtype=None
ValueError: Trailing data
During handling of the above exception, another exception occurred:
Traceback (most recent call last):
File "/src/services/worker/.venv/lib/python3.9/site-packages/datasets/builder.py", line 1997, in _prepare_split_single
for _, table in generator:
File "/src/services/worker/.venv/lib/python3.9/site-packages/datasets/packaged_modules/json/json.py", line 156, in _generate_tables
raise e
File "/src/services/worker/.venv/lib/python3.9/site-packages/datasets/packaged_modules/json/json.py", line 130, in _generate_tables
pa_table = paj.read_json(
File "pyarrow/_json.pyx", line 308, in pyarrow._json.read_json
File "pyarrow/error.pxi", line 154, in pyarrow.lib.pyarrow_internal_check_status
File "pyarrow/error.pxi", line 91, in pyarrow.lib.check_status
pyarrow.lib.ArrowInvalid: JSON parse error: Missing a closing quotation mark in string. in row 174
The above exception was the direct cause of the following exception:
Traceback (most recent call last):
File "/src/services/worker/src/worker/job_runners/config/parquet_and_info.py", line 1529, in compute_config_parquet_and_info_response
parquet_operations = convert_to_parquet(builder)
File "/src/services/worker/src/worker/job_runners/config/parquet_and_info.py", line 1154, in convert_to_parquet
builder.download_and_prepare(
File "/src/services/worker/.venv/lib/python3.9/site-packages/datasets/builder.py", line 1029, in download_and_prepare
self._download_and_prepare(
File "/src/services/worker/.venv/lib/python3.9/site-packages/datasets/builder.py", line 1124, in _download_and_prepare
self._prepare_split(split_generator, **prepare_split_kwargs)
File "/src/services/worker/.venv/lib/python3.9/site-packages/datasets/builder.py", line 1884, in _prepare_split
for job_id, done, content in self._prepare_split_single(
File "/src/services/worker/.venv/lib/python3.9/site-packages/datasets/builder.py", line 2040, in _prepare_split_single
raise DatasetGenerationError("An error occurred while generating the dataset") from e
datasets.exceptions.DatasetGenerationError: An error occurred while generating the datasetNeed help to make the dataset viewer work? Make sure to review how to configure the dataset viewer, and open a discussion for direct support.
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Journalism and Digital Innovation
Documented Semanal
Website: Documented NY, a local newsroom that covers immigration in New York.
Project: Documented Semanal, a weekly round-up of immigration news in Spanish distributed via WhatsApp.
Link: Documented Semanal
My role: Documented Semanal is the outcome of a community research that Documented’s Audience Editor, Nicolás Ríos, and I conducted when we were part of NYU’s Studio 20 graduate program. Working with undocumented Latinxs in New York, we identified one key issue: important data like immigration lawyers, types of visas or healthcare centers circulate in very small circles. If someone doesn’t have access to that network, they simply can’t access that vital information.
We also identified WhatsApp as one of the main ways Latin American immigrants get their information. Based on those results, we knew that a new approach had to be in Spanish, it had to facilitate direct communication between Documented and its readers, and it had to be specifically tailored for WhatsApp, to meet them where they already were.
Impact: Documented Semanal was designed to ensure that the newsroom was listening to the community’s needs. That proved to be true and essential in 2020, when the newsletter became a key resource for immigrants looking for trusted information amidst the pandemic. For this work, the channel won the 2020 Gather Award in Engaged Journalism. Interaction with readers has also fed reporting and multimedia projects, like the documentary Sé lo que es pandemia and a story that I wrote for a collaboration with The Guardian.
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Finding fun in a blowout
Perhaps the worst part of our lopsided loss at the hands of the Florence Freedom last night was having to actually watch it happen.
With the Frontier League schedule-makers putting us on the road for 15 of our first 21 games this season, the going has been tough thus far. While we have racked up more bus miles than I'm accustomed to at the start of a season, we have been able to play some decent baseball, holding a game-and-a-half lead in the West Division over the River City Rascals.
But Florence has been getting the best of us so far this year. After watching my Windy City Thunderbolts take all six of our meetings with the Freedom last season, it has been especially difficult for me to see us lose five of our six against the same team.
Last night's 18-6 drubbing was, for lack of a better term, a train wreck. I could see the actual crash developing in slow motion, as if the world started spinning a little slower, just so I could see every painful detail.
Four runs in the second, three more in the third, then another five, two and four more runs. It seemed as though every ball they hit found a hole. Sure, there were a few liners up the middle, but many other flares and five hoppers snuck through the seams of our defense.
At first there was frustration. Then came delusion and then, after about seven innings, we finally had a reason for elation.
Trailing by a cool 16 runs after the seventh inning, there was a ray of light amid the storm, a reason to smile after seven innings of witnessing a bloodbath of a game for any Evansville Otter fan.
With the game well out of hand pretty early on and our club just three games into a stretch of 27 games over 27 consecutive days, we needed to do everything we could not to deplete our bullpen for the long haul. At this juncture, we had three choices: Either find a pitcher to "wear" the brunt of the innings in such a blow-out, use up the pen and hope for a rainout tomorrow, or bring out the bomb squad.
We opted for the latter, providing us with our only highlight that evening. Standing beside our manager, Jason Verdugo, at the top step of the dugout, the subject of pitching for the remainder of the game came up during the seventh. The decision was made to bring our third baseman in to close out the game.
Now in high school, one of two things cause coaches to turn a kid into a pitcher -- either he has a really good arm or he's left-handed. Neither condition applied to our choice of pitchers for the bottom of the eighth. We kind of felt Ryan Bethel would be a good choice to finish the game for very different reasons.
We both knew he did actually pitch as a college freshman at Grand Canyon University before establishing himself as a shortstop. Although he spent the next three seasons of college strictly as an infielder, and then two after that playing infield in the Arizona Diamondbacks organization, we figured Ryan could still at least throw strikes.
Besides, Ryan is a college coach during the offseason and we thought he'd be calm and experienced enough not to try to blow smoke from the mound in his professional pitching debut.
We were wrong. Ryan was so excited that during the top half of the inning, he was able to sprint down to our bullpen in left field, warm up on the mound, and sprint back down to the dugout just in time to launch a two-run homer to left-center against a real pitcher.
By the time the inning ended, we were now down 12 runs. When the dust settled and the teams traded sides, it was a scene right out of Williamsport. As Verdugo noted, it was just like in Little League, where the best hitter is usually his team's ace pitcher.
There Ryan was, toeing the rubber like a pro as he kicked into his first warm-up pitch, with his uniform still covered in dirt from a diving attempt he made at a ground-ball base hit earlier in the game.
Despite orders from our manager and myself to Ryan to just lay the ball in there and let the hitters put the ball in play, Ryan was determined to make his pro mound debut a good one. So pitch after pitch, Ryan rocked and fired. Luckily for him, his maximum effort deliveries gave the hitters the impression that a hard fastball was coming. By the time they got their bats around, they realized too late that his 82 mph fastballs were missing their barrels. One by one, they popped the ball up in the infield.
The actual high point of the night came when Florence manager Jamie Keefe sent up Nick Dunning for a pinch-hit. Nick had just started on the mound against us the previous night and was now making his first professional plate appearance. As the coaches and players in both dugouts grinned ear-to-ear, the matchup of the season went down.
The actual confrontation didn't last too long as Nick came out his shoes for the first pitch he saw and lifted an infield pop-up. Ryan completed the inning and did not allow a run. The only baserunner to reach did so on a dropped pop-up by the first hitter of the inning. He even recorded a strikeout.
It was nice to have a little levity at the end of such a difficult game. It was get-away night for us last night, as we returned home after the game, watching Ryan's display surely made the ride home a little shorter. The light moment also reminded our players that this was just one loss. With 21 games completed and 75 to go, we just have to keep it all in perspective. We are almost done with our brutal stretch of road games, we overcame the loss of our starting third baseman and one of our starting pitcher to injury, and through it all, we were still holding on to the division lead.
I'm hoping the next time we have a little fun it will be with us on the winning end.
E-mail Sports Dept.
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Boycotting the Indiana Press’s Corporate School Reform Agenda
in Education on December 31, 2011 January 1, 2012 Share Facebook Twitter Pinterest Email
Government Printing Offices (Pressworks Bas Relief)*
Through biased reporting and their unrelenting pursuit to promote Bennett, Daniels, and the corporate school reformers, the Indiana media flunkies have been selling the privatization of our schools for too long. The time is now to let local TV, radio, and newspaper reporters and editors know that we will not stand by idly. If the guilty don’t shape up, we must send them packing.
Here are a few ways to let publishers, editors, and producers know we are serious about canceling our subscriptions, changing the radio dial, and turning off the tube, encouraging others to follow.
Email the Editors Directly or Use the Contact Form
First off, almost every newspaper/radio/TV station has a contact form or email address where one can complain. Although I always use my real name, many may want to use aliases or other titles to go by, for fear of catching backlash, job stress, or other repercussions from the corporate community and corporate school reform cronies.
If this is the case, set up an anonymous email account and every time you read an editorial or story favorable to Tony Bennett and/or the corporate school reformers in one of the Indiana newspapers, or hear about it on TV or radio, shoot off an email of protest. This can merely be something as simple as “I do not accept your reporting on Tony Bennett and his corporate school reform agenda and if you do not, in the near future, give an unbiased and accurate report on what is occurring in Indiana concerning the quest to destroy our public schools, I will refuse to buy your paper and spread the word to others that they should not support your untrustworthy and biased outfit.”
Or something like this, if you have details:
CEO David Harris made $185,860 working for the Mind Trust in 2010, and this doesn’t include the $13,744 listed as “Other Compensation” on their 990 tax forms. That’s a lot of money in one year to wear a suit and spread propaganda with that $700,000 taxpayer gift he shared with his friend Bryan C. Hassel at Public Impact. That’s a lot of money to feed a lot of poor children he’s preying on in Indianapolis.
You weren’t aware? If I know about all of this, how come you don’t?
Lash Out Against the Walmart Scholars
When your local paper quotes from one of the many cronies and fake academics praising the corporate school reform movement, vouchers, and charter schools in Indiana, tell the paper’s editors and writers you will not accept pseudo-researchers and propagandists posing as scholars. You expect them, next time, to interview someone who will tell the truth about the quest to privatize our schools. Let them know that legitimate scholars at the National Education Policy Center (and elsewhere) have proven that the Friedman Foundation, the Heartland Institute, and Harvard’s Program on Education Policy and Governance (PEPG) write and disseminate sheer propaganda.
Leave Comments on News Stories, Editorials and Facebook Pages:
When you read a biased editorial or news report anywhere in the media, leave a message in the comments section under it. For some media outlets, you will need to register with your email address. For others, you can log in with Facebook or other social media applications, so be sure to maintain a Facebook page with an alias, if that is the approach you intend to take. If so, be sure to invite friends and aliases to your Facebook page to give it an appearance of authenticity. Also, be sure to go to the newspaper’s Facebook page and leave comments on it and/or re-post articles exposing the corporate school reformers, even though you will have to “like” their page first, something which is sometimes hard to swallow.
Attack the Newspapers Giving a Mic (or Five) to Corporate Groups
It is also important to object to the Indiana newspapers’ overabundance of guest columns written by members of the Indiana Policy Review Foundation. IPRF is a Right-wing, anti-worker, anti-public education group which gets its funding from the State Policy Network, a national group of free-marketers that operate in almost every state in this country and are funded by the top 1%. IPRF calls itself a research think tank, but they do not do anything close to research. They are essentially a propaganda dissemination outfit and the papers in Indiana are all too gung-ho in giving them a voice. If you want to see a good attack against the IPRF, see Douglas Storm’s piece “Intellectual and Emotional Kudzu” at B-Town Errant.
The same goes for the Indiana Chamber of Commerce, or the national version. They have an agenda to add days to the school calendar in order to start conditioning youth for their low-paying labor workforce, all the while stressing that teachers should NOT be paid for these longer school days. The Chamber of Commerce has been involved in corporate school reform from the get-go, the current manifestation starting in the 1980s with the “Nation at Risk” report and the meeting of the national Business Roundtable and the National Association of Governors. Don’t trust any of these groups.
The Messenger and the Boss’s Whiplash
Most in the media are well aware of what the corporate school reform movement stands for and are making a conscious decision to spread their propaganda. Some, however, are reporters who are either too naïve, too lazy, or too busy to dig up the real activity behind the people and groups they quote and promote. Either way, they are not doing any good for the public service and must be either called out as promoters or educated concerning the corporate school reform agenda.
Although I often leave comments on reporters’ stories, I never slam them personally unless it is obvious they are working to cover something up. Still, we must be aware that many of them would like to give a better story, but are unable to because of their bosses. If it is an editorial it is a different story, but I think it is always best to target the bosses, publishers, and editors more than the individual reporters. Reporters, too, are often victims in the battle for public knowledge.
If you are unsure which groups and people are out to destroy the public schools in Indiana, please see the list I have posted here. You will find a good majority of them appearing in the pages of our newspapers and in TV interviews, in one form or another.
To stay informed on what the papers, radio, and TV stations are doing, read the B-Town Errant and go to my facebook website Indiana Government Exposed, where I daily post stories from Indiana newspapers and other information on the bias reporting concerning the corporate school reform movement, both in Indiana and elsewhere.
The Boycott List:
Media Email Database
A database of Indiana newspaper contact information can be found here. Simply find the paper you want to contact and click on the (A) next to its name. This will take you to the paper’s contact form or email addresses to members of the editorial board or publishers.
You can find TV station contact information here, and a radio list at this link.
Here are a few selected to target.
1. Bloomington Herald-Times
This paper hosted a Bloomington Chamber of Commerce meeting with Tony Bennett. Both Douglas Storm and I submitted questions for editor Bob Zaltsberg to ask the superintendent. To the best of my knowledge, none of our questions made it through. Additionally, the paper published a meaningless account of the event and decided against running my editorial pointing out the cronyism in Tony Bennett’s agenda. They have published Douglas Storm’s letters and occasional guest columns, which have called out the corporate school reformers.
A primary issue of concern is a “know-nothing” editorial policy that claims, “If it isn’t going on in Bloomington or Monroe County it doesn’t get covered.” The barbarians at the gate do not come knocking and saying please and it behooves a community newspaper to make its readers aware of the impending invasion.
Bob Zaltsberg:
Editor, rzaltsberg@heraldt.com
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. Boots’ Newspapers: The Paper of Montgomery County and the Noblesville Times
These two papers are co-owned by Indiana Republican Senator Phil Boots and must be extensively targeted. Both papers are unavailable online without a subscription, but the editor, Tim Timmons, can be contacted at The Paper of Montgomery County at ttimmons@thepaper24-7.com. At the Noblesville Times, you can email him at ttimmons@thetimes24-7.com or use their contact email, which is news@thetimes24-7.com.
3. Courier Press (Evansville)
This paper had a fluff piece concerning the Indiana Republican legislators and ALEC and often quotes from groups like School Choice Indiana.
Eric Bradner (statehouse chief reporter): http://www.courierpress.com/staff/eric-bradner/contact/
Mizell Stewart III (Editor): StewartM@Courierpress.com
4. Emmis Communications
J. Scott Enright, who is the secretary of the corporate school reform group, the Friedman Foundation, also is vice president at Emmis Communications, the mega-media outfit with radio, digital, and publishing outlets in Los Angeles, St. Louis, New York, Austin, and Bulgaria. Emmis received $118,750 last year from Friedman to “educate the public” on school vouchers. In fact, Emmis did the WhyNotIndiana? ads which appeared on-line and in newspapers across Indiana.
In Indianapolis, Emmis owns ESPN 1070 the Fan, Country 97.1 Hank-FM, WIBC 93.1 FM, Soft Rock B105.7, each with a market revenue of $75 million. Their Terre Haute stations include Hi-99 Radio and 105,5 the River., each worth revenue of $7.1 million. Emmis also operates Network Indiana, which is a state network with revenue of $1.5 million which feeds news programming to stations across Indiana. In Indiana, the company also owns the 45,000 circulating Indianapolis Monthly.
You can contact Emmis at IR@emmis.com
5. Indy Star
Although they have printed a few of my letters, the Indy Star has constantly cheered the corporate school reformers in this state. They often quote from sources spilling propaganda, praise Bennett in editorials, do next to no research in writing their reports, and are in bed with the GEO Foundation’s Kevin Teasley, using his words as gospel every chance they get.
Karen Crotchfelt, President and Publisher: karen.crotchfelt@indystar.com
Matthew Tully: matthew.tully@indystar.com (falls over backwards to support Bennett and others)
Scott Elliott: scott.elliott@indystar.com
Russ Pulliam: russell.pulliam@indystar.com
6. Inside Indiana Business
A multimedia outfit, IIB has been in love with the Mind Trust and other corporate school reformers from the get-go and main TV star Gary Dick has interviewed and praised several corporate school reformers. He can be reached at http://www.insideindianabusiness.com/gi_contact_us.asp.
7. News-Sentinel (Fort Wayne)
This paper is NOT the Journal Gazette, which does outstanding work calling out the corporate school reformers.
Mike Christman: Publisher: mchristman@fortwayne.com
Elbert Starks III: estarks@news-sentinel.com
Leo Morris: Editorial Page Editor: lmorris@news-sentinel.com
8. NPR/State Impact Indiana
These reporters often do legitimate stories on education in Indiana, but they fail in what is possible in investigative reporting, too often quoting only corrupt sources and focusing on the wrong questions. The national NPR takes money from the Gates Foundation, one of the biggest promoters of school privatization, so don’t expect to get an honest response from them either.
Ben Skirvin: bskirvin@imail.iu.edu
Kyle Stokes: kdstokes@indiana.edu
9. Post-Tribune (Merrillville)
Reverend Ray Dix writes editorials for this paper. Dix has had Daniels’ crony and Black Alliance for Educational Options’ Jackie Cissell on his radio show highlighting charter schools. BAEO is a front group set up by the Walton family and several other rich white men whose goal is to drain the public schools through vouchers and set up charters to completely privatize public education. Dix often praises the corporate school reform movement in his pieces, which I have responded harshly to.
Paulette Haddix: Executive Editor: phaddix@post-trib.com
Rich James: Editorial Page Editor: rjames@post-trib.com
Contact Raymond Dix at http://www.raymonddixministries.com/Contact_Us.html
10. Wane TV
A member of the LIN Media Corporation, Channel 15 Fort Wayne, WANE refuses to point out conflicts of interest in people like Jamie Garwood who appears on their channel.
Contact Form Page: http://www.wane.com/subindex/About_Us/Contact_Us
Reporter Megan Reust: megan.reust@wane.com
LIN Media: http://www.linmedia.com/contact-us/
*Photo by takomabibelot
Islam and the Free Market of Privatized Education: "Friending" the Gülen Charter Schools
Implementing Common Core State Standards: An Inside View
Weighing Capital Intent in Public Systems
bloomington herald-times education privatization Emmis Communications featured indiana newspapers indy star Inside Indiana Business matthew tully News-Sentinel (Fort Wayne) NPR/State Impact Indiana Post-Tribune (Merrillville) reform The Republican (Columbus) Wane TV
← Bear Grylls, a 5th Grader, and Friday? What is Robinson Crusue
Bear Grylls, a 5th Grader, and Friday? What is Robinson Crusue
“Can ponwyi”–The Grace of Gods by Force →
"Can ponwyi"--The Grace of Gods by Force
A Walt Whitman scholar, Doug Martin is the author of the upcoming Hoosier School Heist to be published this year by Brooks Publications. His teaching experience has covered K-graduate school. His exposures of corporate education reform have appeared or been referenced in Diane Ravitch's Blog, Washington Post Answer Sheet blog, the Associated Press, Schools Matter, Parents Across America blog, Charter School Scandals, Susan Ohanian's Testing Atrocities and Outrages, @ The Chalk Face, The Huntington Teacher, KochWatch.org, Peg with Pen, the NPR/State Impact Florida, NPR/State Impact Indiana, the Pulp (Broward-Palm Beach New Times), Big Education Ape, School Matters (Indiana), A Teacher's Fight, Northeast Indiana Friends of Public Education blog, NUVO, the Indianapolis Star, Fort Wayne Journal Gazette, Scathing Purple Musings, Terre Haute's Tribune Star, the Times of Northwest Indiana, the Post-Tribune, HoosierEd.com, and Firedoglake, among others. Doug currently blogs at Jim Horn's Schools Matter (http://www.schoolsmatter.info/). You can find more of Doug's writings at: http://my.firedoglake.com/dougmartin
Science Society/Culture Uncategorized
Better Angels on Black Ships: Is There Evidence of Moral Progress?
Education Philanthropy
Raising Workers for Poverty’s Sake!
Briefs Local News/Events
Newspapers are Rags and Criminals are Dignitaries
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El Filibusterismo Chapter Summaries
El Filibusterismo Buod - Summaries
Contact / Privacy
Truly Rich Club
El Fili Chapter 22: The Performance
Whatever You Do, Don't Click Here
Gusto Mo Bang Kumita Sa Internet
Nang Pa-Facebook, Facebook Lamang?
Click Here Now!
Rizal details what happens inside the theater (Teatro Variedades). The term “Filipino Time” has been used to denigrate Filipinos who are late. Although it was attributed to our forebears, tardiness (as featured in this chapter summary) was the fault of the Spanish Kapitan Heneral. The performance could not begin unless this guest of honor was in the theater.
Now there’s something that has be to clarified regarding “Filipino” time…
Filipinos are not late. Filipinos are farmers who wake up at the crack of dawn. And if there’s a show at 7pm, you can expect Pinoys to line up and mill about the entrance at least an hour before. That’s why the term “Filipino time” is a misnomer.
This chapter also brings up love and jealousy, and foreshadows the failure of Simoun’s plans. We find Isagani, who is extremely distracted after seeing his love, Paulita, in the company of his rival. Although he is a major supporter of the proposal for a school, he does not participate in the discussion. It is his great love for Paulita which will foil the Simoun in the later chapters.
The characters of Tadeo and Juanito Pelaez are used to showcase certain personality traits: that of someone who can only criticize things in a theater, and that of a know-it-all who uses a tiny bit of knowledge (e.g., French) to impress Paulita and Dona Victorina.
Ben Zayb is also caricatured as a mindless critic. He knows nothing about the arts, yet he pretends to be competent enough to comment on the performance.
One of the performers, Serpolette (aka “Lily), is shown interacting with Padre Irene. Apparently the fraile has a history with Lily, perhaps when he was still in Europe. He even had to explain to Lily that he was a holy man now, which probably means he was not dressed up as a fraile?
Why was Pepay smiling even though she relayed the bad news to Macaraig? She did not understand what Don Custodio’s message meant (denial of the proposal for the school).
Who owned the empty balcony seat? Simoun. A woman came in late, and was wondering about that empty space in the high area at the back of the theater.
Why was Sandoval displeased with the performance? He couldn’t understand French. He also felt bad because he thought Juanita could understand it. If only he knew the truth…
Why did Pecson throw a smelly sock to Sandoval? It was a challenge. Sandoval (a Spaniard) earlier promised that if the proposal for the school was blocked, then he would still support and even push through with the project. Apparently, Sandoval hasn’t fulfilled his promise, hence the kachichas attack.
Why were the students unhappy about the “revised” proposal? The school will be run by the Dominicans at the University of Sto. Tomas, while all the costs will be shouldered by the students. In other words, there will be NO change in the way things are taught in the university.
By the way, why wasn’t Basilio in the theater?
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Buod/Summaries
Kabanata 01 | 02 | 03 | 04 | 05
Kabanata 26 | 27
Kabanata 37 | 38 | 39
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Career Advice for Phyllis Schmidt: Choosing Between Masters, Software Engineering, and EA Direct Work
21 Apr 2014 • Peter Hurford
Recently, an effective altruist contacted me looking for career advice. This EA had previously been working on a philosophy Ph.D., but recently decided to abandon the field due to insufficient stable job opportunities. As abandoning the philosophy field is looked upon as very negative by those still in the field, this EA asked me to keep their identity anonymous. Therefore, this person goes by the alias “Phyllis Schmidt”.
Phyllis is currently looking at a wide-variety of options for what to do next, looking to make an informed “best guess”, work on that career for a bit, and then re-evaluate.
Phyllis is currently considering (roughly ranked):
I-O psychologist
Economist working on development (e.g., J-PAL)
Continue philosophy professor path
Other options Phyllis is open to include:
Working directly in an EA org
Civil / public service
Working in a foundation as a program officer
What follows are my notes to Phyllis on each of the options, followed by general advice:
I-O Psychology Masters
Phyllis has looked over 80k’s list of careers, but feels that pursuing a masters in industrial/organizational (I-O) psychology would be the best fit for her, given her talents and interests.
Potential Upside of I-O
According to Phyllis, I-O has the potential to be a gateway toward high-earning jobs. Psychology About pegs the salary as starting at $64K and rising to about $100K. Phyllis plans to earn to give on this salary.
Phyllis sees I-O as ripe for EA research potential. I-O psych work aimed at the right sectors could fit in 80K’s category of “working inside international organisations, government or foundations to improve them”.
Lastly, this career has not been well explored by EAs yet, and learning about the career could be a valuable contribution in itself.
Potential Downsides of I-O
Need to take a year of pre-req classes to have a shot at getting into a masters program, which is not guaranteed.
The Masters program itself requires two years and tuition to complete, and an exiting job is not guaranteed.
Options for non-PhDs appear limited, according to some Google searching and a conversation with an I-O psychology professor.
Assessment on I-O
I have actually studied organizational psychology a fair amount, even getting a concentration in it. However, I never considered going further in the career, and therefore I don’t know a whole lot about career opportunities, as I’ve never looked at the career much in depth.
It seems like an interesting field with a mix of EA research potential and earning to give potential, though the research is not as good (in my opinion) as other psych topics (e.g., behavior change) and the earning to give is not as good as other opportunities. I’d be concerned about trying to optimize for too much at once, however, as both EtG and research opportunities seem individually better elsewhere.
Also, the double-risk of failure is very daunting – you’re potentially putting a lot of time and money into something that could easily get you nowhere, with no easy way to find out in advance.
Potential Upsides to Software Engineering
Very high salaries for earning to give
Great work environments
Could lead to direct impact, depending on what you work on (e.g., productivity applications, AI, etc.)
Potential Downsides to Software Engineering
The field is pretty low risk, though you could spend a lot of time learning programming only for it to not work out.
Assessment on Software Engineering
This option has pretty high potential upside, so merits exploration. Luckily, it should only take about 50 or so hours to determine provisionally if software engineering is a good fit. I recommend Phyllis to complete Steps 1 and 2 in my programming guide and then decide if she wants to pursue this field further.
Economics Masters
Potential Upsides to Economics
Leads to a wide variety of favorable options after attaining a Ph.D. (high-paying finance jobs, government work, good EA research opportunities), but it’s unclear whether a masters would attain the same benefits. Phyllis says there are programs like Master’s of Public Administration in International Development that could potentially lead to a job at the World Bank.
Research while getting the degree could be useful to EA.
Potential Downsides to Economics
Long time to finish degree.
No guarantee to get into a program, and finishing the degree does not guarantee a good job.
Might end up not matching Phyllis’s interests.
Overall Assessment of Economics
This route seems better to me than I-O or Philosophy, though I’d have to know more about Phyllis’s interests and economics background. There still is a lot of potential risk here.
Continue Philosophy Ph.D.
Potential Upsides to Philosophy
Potential influencing of students.
Already much of the way through a Ph.D. program (sunk cost)
Potential Downsides to Philosophy
Positions are very low pay.
Positions are in geographic areas undesirable to Phyllis.
Phyllis is very burnt out in this area.
Assessment of Philosophy
I personally tend not to recommend this path because I don’t think the impact is all that high, unless you get really lucky like Peter Singer, or you use it as a platform to do EA org work, like Toby Ord or Will Macaskill. As Phyllis already seems to be looking very negatively upon this path, I don’t think it’s worth exploring further.
Direct Work in an EA Org
A lot of Phyllis’s previous work seems like it would make her well qualified to do good work in an EA org of some sort. I recommend Phyllis look into this in a bit more depth. Unfortunately, as Phyllis is American, the opportunities for stable employment in Oxford’s CEA are more limited, but not impossible. I recommend Phyllis look into doing an internship with CEA and talk to people who work there.
Phyllis could also consider working for American EA organizations or EA-aligned non-profits. American-based The Life You Can Save might be of particular interest to Phyllis. Though I don’t believe they’re doing full hiring yet, I think Phyllis could potentially get an internship there to explore this opportunity further.
Working in a Foundation
Working in a foundation has many potential benefits. Unfortunately, my analysis of foundation jobs shows that positions are very competitive and seem to require a lot of prior specialized education and experience. If Phyllis wishes to work in a Foundation, I recommend pursuing a Ph.D. in economics first.
I generally err against recommending people take on Ph.D. programs without high certainty they’d enjoy and prosper in the field. Unfortunately, this does not yet appear to be the case for Phyllis. Moreover, earning to give opportunities seem higher for Phyllis in software engineering and research opportunities seem better for Phyllis in EA orgs. Lastly, committing to a lot more school does not fit well with the “best guess and re-evaluate” plan.
Therefore, I suggest Phyllis first look more heavily into software engineering and direct work in EA orgs.
I recommend to Phyllis the following next steps:
Complete Steps 1 and 2 in my programming guide and then decide if she wants to pursue this field further.
Talk to people in CEA, the Life You Can Save, and other EA orgs about what opportunities here might look like – including volunteer opportunities, internships, and full positions. I’d be happy to make these connections.
Phyllis has agreed to look at my programming guide and is strongly considering applying to a programming bootcamp. Phyllis has also been talking to US-based EA organization Animal Charity Evaluators about interning with them.
Tagged: Career Choice Coaching
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City Council Meeting Minutes
1. Roll Call
Mayor Roe called the meeting to order at approximately 6:35 p.m. Voting and Seating Order: Laliberte, McGehee, Willmus, Etten and Roe. City Manager Trudgeon and City Attorney Mark Gaughan were also present.
2. Pledge of Allegiance
3. Approve Agenda
City Manager Trudgeon reported that Business Item 7.b could be removed as staff had confirmed earlier today that the property owner had resolved the violations on this site.
Councilmember McGehee requested removal of Items 9.d and 9.e from the Consent Agenda for separate consideration.
Etten moved, McGehee seconded, approval of the agenda as amended.
Ayes: Willmus, Etten, McGehee, Laliberte and Roe.
Nays: None.
4. Public Comment
5. Recognitions, Donations and Communications
a. Human Rights Essay Contest Winners
Mayor Roe recognized and introduced Human Rights Commission (HRC) Chair Groff. Chair Groff briefly described the annual essay contest as detailed in the Request for Council Action dated May 8, 2017.
Groff recognized fellow HRC Commissioners Mankpondehou Etienne Djevi, Nicole Dailey, Lauren Peterson, and Youth Commissioner Elizabeth Hansel; along with Cedric Fuller, Assistant Principal at Roseville Area Middle School. Chair Groff noted that all essays were available on the city’s website.
Chair Groff presented certificates to Honorable Mention winners: David Vincze and Nina de los Reyes and summarized their essay topics.
This year’s first, second and third place winners were invited to read their essays aloud:
§ Third Place: Alicia Hopper, 7th grade, RAMS, Instructor Cameron Johnson and Emily LaPierre, 8th grade RAMS, Instructor Rebecca Blanch
§ Second Place: Ellie Long, 8th grade, RAMS, Instructor Kelly Patrick
§ First Place: Seigenn Thao, 8th grade, Roseville Area Middle School (RAMS), Instructor Scott Lauinger
Mayor Roe congratulated students, and recognized and thanked all instructors involved for their participation in this annual event.
Mayor Roe recessed the meeting at approximately 7:08 p.m., and reconvened at approximately 7:11 p.m.
b. Introduction of Assistant City Manager Rebecca Olson
City Manager Trudgeon introduced Assistant City Manager Rebecca Olson and provided a brief biography of her municipal experience, most recently with the Cities of Shoreview and Blaine, MN. Mr. Trudgeon reviewed Ms. Olson’s background and expertise in the areas of community engagement and equity; announcing that part of her new role would be to serve as staff liaison to the newly formed Human Rights, Inclusion and Engagement Commission (HRIEC).
Assistant City Manager Olson thanked the City Council for this opportunity to work with them, staff and Roseville residents and expressed her excitement to begin these new opportunities and challenges.
Mayor Roe welcomed Assistant City Manager Olson to the Roseville City organization.
6. Items Removed from Consent Agenda
d. Approve Planning and Design Services for 1716 Marion Street
At the request of Mayor Roe, City Manager Trudgeon briefly highlighted this item as detailed in the Request for Council Action (RCA) and related attachments dated May 8, 2017.
Councilmember McGehee noted her past involvement with this area and stated that the proposed park at this location met the mission of the city’s Parks and Recreation Department. Noting, the uniqueness of this particular parcel, . Councilmember McGehee stated that she’d like to see more public engagement with residents living in this area before selecting a designer and plan consultant and spending this money.
While this consultant, LHB, is part of the process, City Manager Trudgeon clarified that as with other park facility processes, they were here to listen to the public with no pre-conceived notions. Mr. Trudgeon advised that the consultant would work with staff to facilitate conversations in the neighborhood and community, at which time design options would be presented to residents to see if it met their expectations. As with past Parks Renewal Program projects, Mr. Trudgeon assured all that citizens would be involved throughout the process, with special care for this proposed park in a neighborhood with more individuals who spoke English as a second language.
Councilmember McGehee opined that there may be amenities other than playgrounds that could be of more use to this neighborhood in that area.
Councilmember Laliberte noted that when first talking about this park, the discussion had been to remain open-minded so this didn’t only become a park dedicated to youth, but also addressing the needs of elders in the area. When doing public outreach during this process, Councilmember Laliberte asked that staff and the consultant ensure that a potential park met all of those prevalent needs.
Mayor Roe offered an opportunity for public comment, with no one appearing to speak.
McGehee moved, Etten seconded, authorizing the Mayor and City Manager to enter into a Professional Services Agreement (Attachment A) with LHB for design services for a new city park at 1716 Marion Street, in an amount not to exceed $28,900 to be funded through the Park Dedication Fund.
Councilmember Etten spoke in support of the motion, opining that LHB had done a great job with other city parks, and expressed his assurance that they would do the same in this case.
Councilmember McGehee opined that the Parks Renewal Program provided for a specific park/recreation purpose; and clarified that her intent in making this point was that this park may not represent a standard approach, thus her question if this consultant would be sufficiently flexible in presenting options.
Mayor Roe opined that the consultant ought to be responsive to the city’s direction since the city would be paying for these consulting services, and to-date any updates to city parks had always involved the community throughout the process. Mayor Roe expressed his confidence that this process would show those same engagement opportunities in this case as well.
e. Approve Planning and Design Services for 2132 Cleveland Avenue
At the request of Mayor Roe, City Manager Trudgeon briefly highlighted this item as detailed in the RCA and related attachments dated May 8, 2017.
As he had communicated with the previous request, City Manager Trudgeon stated that the consultant and staff would be coming forward to the neighborhood with a clean slate. Mr. Trudgeon advised that staff had held periodic discussions with the property owner of the 2025 Cleveland Avenue parcel, but there had as yet been no agreement on a potential city purchase. However, Mr. Trudgeon advised that the city remained open to talking about that parcel as a potential park moving forward.
Vijay Pothapragada, 2250 Midland Grove
Mr. Pothapragada thanked the City Council and City Manager Trudgeon for their quick response to his emails, expressing his appreciation that the neighborhood continued to be part of the communication process. Mr. Pothapragada sought clarification that the neighborhood could still seek the 2025 Cleveland Avenue site for park/open space.
Mayor Roe confirmed that while this specific planning process was specific to the 2132 Cleveland Avenue parcel owned by the city, it did not preclude residents from advocating for additional park space at 2025 County Road B.
Councilmember McGehee expressed her concern that no current outreach had been done with residents in this quadrant as to their preferences, and when outreach had been done several years ago, the neighborhood specifically preferred the 2025 Cleveland Avenue site, with this 2132 Cleveland Avenue parcel not their first choice for a park when the city had initially proposed buying it. In many ways, Councilmember McGehee opined that this was not an under-served area, with other parks located in several directions within ½ mile and accessible via pathways. Councilmember McGehee noted that while Park Master Plan funds had been reserved for park/open space in this area, it should be expended for this option. Councilmember McGehee reiterated her preference that a larger community meeting and opportunity for public input from this neighborhood was prudent before moving forward with any planning. For those preferring the 2025 Cleveland Avenue parcel across the street, Councilmember McGehee opined that it didn’t require planning and development, simply purchase. Councilmember McGehee reviewed other park amenities available within a ½ mile radius of this neighborhood. She noted that Councilmember Willmus had stated in the past that even though the city owns the 2132 Cleveland Avenue parcel, if it was later determined not to be needed for a park or if people didn’t want a park at that location, the city could sell the parcel.In conclusion, Councilmember McGehee asked that planning for this parcel be delayed until further community outreach was done tobetter understand what residents in that quadrant wanted.
Motion pending a neighborhood meeting to gauge interest in a park at this location.
McGehee moved, Laliberte seconded, delaying action on this planning effort pending a meeting to gauge interest in a part at this location, 2132 Cleveland Avenue.
Councilmember Laliberte stated that while not opposed to the planning effort for this site, she had previously stated that if it was determined at a later date in this process that the property didn’t meet the preferred needs of this neighborhood, it could potentially be sold. Councilmember Laliberte stated her support of adding more parks to the southwest quadrant of Roseville and noted that she was not in complete agreement that it was an under-served area for all. However, Councilmember Laliberte stated her willingness to open up community discussions via an open house to discuss the property, but to get off track about this particular parcel to open up the entire southwest area sent things in a different direction rather than making a decision about this parcel.
In response to Councilmember McGehee’s comments, Councilmember Etten clarified that both of these parcels had been identified in the Parks Renewal Program Master Plan as under-served areas when the constellation areas were identified, even though somepark amenities and open space were within walking distance to this neighborhood. Councilmember Etten further clarified that this provided an opportunity for the city to follow through on the interests of dozens of southwest Roseville residents involved in the Master Plan and Park Renewal process when this parcel became available and open for sale to the city. Therefore, Councilmember Etten opined that it was important for the city to fulfill its pledge to this area of Roseville as it had done with other areas of the Master Plan process.
Mayor Roe stated his concern about continued hope that the 2025 parcel was available for purchase and park development as opposed to this city-owned parcel. Even if the 2025 parcel was more desirable to some residents, Mayor Roe reminded all that there was no guarantee it would become available at a viable cost if at all. Mayor Roe opined that a park on the 2132 parcel could be anything, and while a wide-open area now, it was not impossible for it to develop into what the neighborhood desires. Mayor Roe reiterated his concern that some kept holding out hope for purchase of the 2025 parcel, noting that the comments related to the previous request about pre-conceived notions could also be applied to this request. Mayor Roe stated that he preferred to move forward with the planning process on a parcel that the city owned; and if citizens didn’t want the city to develop this parcel as a park, they would let the city know. However, Mayor Roe opined that he anticipated that the neighborhood and community would support a park on this parcel.
Councilmember McGehee stated that she had no problem except in spending money on this parcel that could be used for other projects instead of spending the money on developing a mowed area next the freeway entrance. Councilmember McGehee noted that the overarching problem is the city’s need to seriously address another area to be maintained, with the Parks and Recreation assets the most poorly sustained capital assets, with this becoming just one more park to maintain. Councilmember McGehee clarified that as long as it was clear that this was not a substantial need, and that this parcel (2132) was not considered a blank slate for a natural area that would never come to fruition in this City Council’s lifetime, as long as there was a clear understanding that this wasn’t the only park development available as part of remaining Parks Renewal Program monies, and there would be additional funds available to actively pursue the resident requested2025 site, she was satisfied that her point had been made.
Councilmember Laliberte asked staff if the $28,900 to LHB for design services could be staged; and if after one initial community conversation about this parcel, there was no clear consensus about potential park amenities, would there be an opportunity to pause the process and not commit all of the dollars. Councilmember Laliberte clarified that this was the parcel she was focusing on, and that she considered the other parcel and the larger southwest quadrant as separate issues.
Parks and Recreation Director Lonnie Brokke noted that the cost was a “not to exceed cost” and concurred that if one meeting was held and there was no neighborhood and/or community support for a park on this parcel, the process would be paused and no more monies expended than with that initial effort. Mr. Brokke noted that there was no interest by the city or consultant in moving forward with something that the community didn’t want.
Councilmember Laliberte withdrew her second to the motion, opining that outside comments and the perspective of an outside entity would prove helpful at this point. Councilmember Laliberte also noted that there may be residents who haven’t yet been engaged before now, and therefore, taking a step back to involve those voices would be helpful.
Mayor Roe ruled the McGehee motion to delay action therefore failed due to the lack of a second.
Willmus moved, Laliberte seconded, authorizing the Mayor and City Manager to enter into a Professional Services Agreement (Attachment A) with LHB for design services for a new city park at 2132 Cleveland Avenue, in an amount not to exceed $28,900 to be funded through Park Renewal Program monies.
Councilmember Laliberte expressed appreciation for this more in-depth discussion.
Councilmember Etten cautioned that by not developing a park on this parcel it may preclude any park development in this area in the near future. Councilmember Etten opined that the city had made a promise to this quadrant of the city as part of the Parks Renewal Program process and this was a way to fulfill that promise.
Councilmember McGehee opined that it wasn’t attractive to threaten the public in such terms as those expressed by Councilmember Etten.
Mayor Roe noted that threatening types of comments had been made by some councilmembers over the years; and opined that he didn’t see Councilmember Etten’s comments as a threat, but a caution to those intent to stack the deck and negate development of the 2132 parcel as a potential park. Mayor Roe reminded all that the city had looked at two other properties along with other sites for potential parks as part of the Parks Renewal Program, with none of them working out so far. Mayor Roe noted that these parcels had also been identified for park/open space potential, and this one site had become available. Mayor Roe clarified that this wasn’t using up remaining Parks Renewal Program monies, but did allow the process to move forward most rapidly rather than experiencing further long-term delays.
Ayes: Willmus, Etten, Laliberte and Roe.
Abstentions: McGehee.
Motion carried.
7. Business Items
a. Receive 2016 Audit Report and Financial Statements
Assistant Finance Director Jason Schirmacher introduced Auditor Andrew Grice from the firm of BerganKDV, Ltd. for an overview of the 2016 annual audit report, the audit process itself and any required disclosures or findings. Mr. Grice congratulated the City of Roseville on their “Certificate of Achievement for Excellence in Financial Reporting” presented again this year for the city’s comprehensive annual award-winning financial reports, and recognition by other jurisdictions for that effort.
Documents provided and reviewed by Mr. Grice were entitled: “Comprehensive Annual Financial Report,” “Communication Letter,” and Reports on Internal Control and Compliance with Government Auditing Standard and Legal Compliance” for fiscal year ended December 31, 2016.
Mr. Grice’s presentation included a review of the General Fund budget to actual for 2016; and a financial analysis by fund: the General Fund, Tax Capacity, Levy and Rates; and the following Enterprise Funds: Water Fund; Sewer Fund; Golf Course; Solid Waste Recycling; and Storm Drainage.
Councilmember Laliberte thanked Mr. Grice for his summary report and asked that a copy of the presentation be included in tonight’s meeting packets. Mayor Roe also noted that all documents would subsequently be made available on the city’s financial web page.
McGehee moved, Etten seconded, acceptance of the 2016 Annual Financial Report as presented.
b. Consideration of a Community Development Department Request to Perform an Abatement for Unresolved City Code Violations at 1715 Rice Street
As previously noted, this item was resolved by the property owner and removed from tonight’s agenda.
c. Approve Request for Noise Variance for the 2017 Cured-In-Place-Pipe (CIP) Project
Public Works Director Jesse Freihammer provided a brief summary of this request as detailed in the RCA.
At the request of Mayor Roe, Mr. Freihammer estimated that the work would involve taking place in one day. Mr. Freihammer advised that staff would notify neighbors hopefully one week in advance of the work.
Roe opened the public hearing for this request at approximately 7:52 p.m.
Virginia Johnson, 955 Woodhill Drive (first house next to the Nursing Home)
Ms. Johnson questioned when the work would occur, how long it would last and how loud it was expected to be.
Mr. Freihammer responded that the equipment sound would be similar to that of a car idling; and the most noticeable sound would probably come from back-up alarms on the vehicles (Attachment A). As displayed in a map by Mr. Freihammer, Ms. Johnson was provided the probable location of the equipment to be used.
With no one else appearing to speak for or against, Mayor Roe closed the public hearing at approximately 7:54 p.m.
Councilmember McGehee advised that this type of work had occurred in front of her home and was not problematic. Councilmember McGehee suggested that Ms. Johnson work with staff to find a location where similar boilers were being used to get an idea of the noise level.
Mayor Roe agreed that the contractor could alert Ms. Johnson to another location that she could observe so she could be aware of what to expect.
McGehee moved, Etten seconded, approval of a request to extend working hours on the 2017 CIPP Lining Project for the Woodhill Drive segment between Lakeview Avenue and Victoria Street.
d. Consider Presumptive Penalty Approval – Cub Liquor Store Compliance Failure
Police Lt. Lorne Rosand provided a brief summary of this compliance failure as detailed in the RCA and attachments. Lt. Rosand also reviewed the process used for this semi-annual alcohol compliance check.
No representative of the business was present at tonight’s meeting.
McGehee moved, Etten seconded, authorization for the Roseville Police Department to issue and administer the presumptive penalty for Cub Liquor Store at 1201 Larpenteur Avenue as set forth in Section 302.15 of Roseville City Code; for a zero day suspension and $1,000 fine.
e. Consider Presumptive Penalty Approval – Hamline Liquor Store Compliance Failure
Police Lt. Lorne Rosand provided a brief summary of this compliance failure as detailed in the RCA and attachments. Lt Rosand advised that this licensee had been found to be two years out of compliance for training; but since then all records had been brought up-to-date. Lt. Rosand advised that the business manager was present in tonight’s audience.
Sia Saeyang, Business Manager
Ms. Saeyang stated how sorry she was and how horrible she felt with this mistake. Ms. Saeyang promised that in the future, they would improve and try their best not to let this happen again.
No one appeared for public comment related to this issue.
McGehee moved, Etten seconded, authorization for the Roseville Police Department to issue and administer the presumptive penalty for Hamline Liquor Store at 2825 Hamline Avenue N as set forth in Section 302.15 of Roseville City Code; for a zero day suspension and a $1,000 fine.
Councilmember McGehee thanked Ms. Saeyang for appearing and expressing her unhappiness with the mistake. Ms. McGehee stated that while there was no alternative but to administer the presumptive penalty, she appreciated Ms. Saeyang’s appearance at the Council meeting, her apology for the mistake, and her bringing the server training documents up to date.
Mayor Roe sought the City Council’s interest in applying a penalty for the lack of up-to-date training records; with no interest shown in doing so.
Mayor Roe recessed the meeting at approximately 8:04 p.m., and reconvened at approximately p.m.
f. Review and Provide Comment on the First Two Chapters of a Comprehensive Technical Update to the Requirements and Procedures for Processing Subdivision Proposals as Regulated in City Code, Title 11 (Subdivisions) (PROJ0042)
As detailed in the RCA dated April 24, 2017 (tabled to tonight’s meeting), Senior Planner Bryan Lloyd reviewed the process in this first iteration of a side-by-side comparison of current subdivision code and preparation revisions. In the review of the first two chapters, Mr. Lloyd noted that consultant and staff comments and suggested revisions, as well as Planning Commission discussions of the first two chapters were reflected in this draft for City Council review and comment. Except in those areas highlighted, Mr. Lloyd advised that the majority of the revisions represent replacement or removal of outdated language, definitions needed or no long relevant, and other updates as indicated. Mr. Lloyd also noted that while the more important details remain in the subdivision code, staff was recommending relocation of more technical (e.g. street types and specifications) in documents outside city code for easier and more periodic updating. Mr. Lloyd advised that this was in response to the City Council’s interest in a more streamlined process but greater depth of detail similar to the preliminary plat application process, and thus approached similarly.
With the Planning Commission just having completed their review of the remaining chapters, a second look at the first two chapters at their May 3, 2017 meeting, and meeting minutes pending, Mr. Lloyd advised that a more formalized version and those minutes would be available for the City Council at their next review, May 15, 2017.
As to the proposed formatting and drafting of a new subdivision code, Mr. Lloyd advised that the intent was that, since platting alternatives are more concentrated in the last chapter of the current subdivision code, they would now be encompassed in a process-focused chapter. Therefore, Mr. Lloyd advised that revisions from the fourth chapter and final chapter of current code were not located in another portion of code that the City Council would see tonight unless found unnecessary to retain. While there remain three chapters yet to review, Mr. Lloyd advised that all content of current code would and could be accounted for in the new proposed code in some way.
Consultant Mike Lamb and Leila Bunge, Kimley-Horn
Mr. Lamb clarified that closer tracking would be accomplished in the next draft as Chapter 1104 procedure language is brought into Chapter 1102, and reducing the subdivision code from four to three chapters to make it more streamlined. Mr. Lamb suggested the City Council proceed with their review page by page, addressing each accordingly.
RCA Exhibit C
1101: General Provisions
Mr. Lamb noted that while the Planning Commission continued their interest in discussing each definition, he suggested that the City Council review only those with which they had questions or comments. Mr. Lamb noted that there were few additions, with the majority eliminated or consolidated.
Page 1 (Purpose and Jurisdiction)
In Section 6, Mayor Roe noted that Minnesota State Statute Chapter 471 was highlighted but 462 was the actual addition.
Mr. Lamb agreed that was an error, and confirmed that Chapter 471 had been in previous subdivision code, and Chapter 462 was now added.
In Section 11, Councilmember McGehee asked if a diagram or something less cumbersome than the description for a “corner lot” could be used.
Mayor Roe agreed that illustrations are helpful.
Mr. Lloyd advised that, per the latest Planning Commission discussion, they were recommending that no definition of “corner lot” was necessary.
Mr. Lamb agreed that graphic representations were an excellent suggestion, often proving helpful and expressed his willingness to consider them in other areas of the subdivision code, even though he had intended to exclude “corner lots” from the revised subdivision ordinance.
Councilmember Willmus noted the reference to “corner lots” and “interior lots;” with Mr. Lloyd advising that they were now in other areas of city code, but not in the revised subdivision code.
Mayor Roe noted a number of places in the subdivision code that referenced “parcel,” (e.g. Section 20) and while there was a definition for “lot,” there was not one included for “parcel.” Mayor Roe suggested one be included or one for “parcel of record;” and that either the same term be used throughout the document or referred to individually in the definitions.
In Section 25, Mayor Roe requested correction in the definition of “pedestrian” for language “on foot,” rather than “afoot.”
In Section 38, Mayor Roe asked why a subdivision was identified as less than five acres in area.
Mr. Lamb agreed that was a good question; whether it was related to function or maximum lot size.
Mayor Roe questioned why this was, and if it would preclude meeting the needs of a particular subdivision, and suggested it may be carried over from original code and asked for further research; duly noted by Mr. Lloyd and Mr. Lamb.
Mr. Lloyd responded that in his review of State Statute earlier today, it addressed size parameters, but agreed it didn’t match this language.
Page 7, Chapter 1102: Plat Procedures
In Section 57, Councilmember Etten asked that staff talk about common wall duplex subdivisions.
Mr. Lloyd advised that he only remembered two times it came up during his tenure, but reviewed potential division of common wall duplexes into two separate parcels with the common wall dividing the building and parcel. Mr. Lloyd advised that the suggestion was to make this currently handled administrative process consistent with other administrative processes for approval by the Community Development Department rather than the City Manager. Even though the Planning Commission recommended removal of this provision from the subdivision process due to the small scale of requests in which an application or process is necessary, Mr. Lloyd noted that it could come up from time to time such as with a duplex becoming a townhome with separate ownership.
At the request of Councilmember Laliberte, Mr. Lloyd stated staff’s recommendation to allow the provision in the revised draft, depending on City Council direction.
It was the consensus of the City Council to keep this provision in the revised subdivision code.
In Section 58, Councilmember McGehee questioned the rationale for no public hearing required for a recombination.
Mr. Lloyd clarified that this was not new to city code, but in discussions with the Planning Commission, it had been their thought that if there was no process required for public notification or discussion of an application, not much was to be gained as a City Council consideration for action. Mr. Lloyd advised that the process could change if preferred by the City Council and notification requirements met accordingly, since those people affected may not even know an application had been made in the first place.
Councilmember McGehee stated that she preferred a public hearing for recombinations, especially if they create a much larger lot that could be used for a different use than the original parcel; and at a minimum opined that the community or neighborhood should be informed.
Councilmember Willmus stated the opposite perspective, and questioned if a hearing was needed. Councilmember Willmus stated that he saw recombinations as a homeowner purchasing a lot or portion of a lot next door to increase the size of their lot. Councilmember Willmus opined that some protections were in place if a recombination was to subdivide and create multiple lots of four or more, at which time it would come back before the City Council, as well as if there is a potential change to zoning after a recombination. Therefore, Councilmember Willmus questioned the need for a formal public hearing.
Mayor Roe stated his preference to think it through more, noting that some administrative actions of the Community Development Department provide that notice is required. Therefore, Mayor Roe suggested such notice could still be required in the case of a recombination even if there was no formal public hearing held before the Planning Commission or City Council, and still allow an opportunity for citizens to be aware of it.
Councilmember McGehee agreed with the comments of Councilmember Willmus, stating that she had initially thought that multiple lots could be acquired and re-divided with building removed, with notice provided before that was all done and money invested with those having an interest made aware of it beforehand.
Mr. Lloyd clarified that a recombination process was of much smaller scale than Councilmember McGehee was addressing; similar to one seen last year by the City Council where two adjacent homeowners made application to change the make-up of their adjoining lots for the addition of an unattached garage on one of those lots. For subdivisions that change the overall make-up of a series of lots, Mr. Lloyd advised it was similar to a plat application instead.
Mayor Roe noted that with a recombination, the total outcome of the process was that you started and ultimately ended with two lots, and were simply shifting lot lines. Without objection, Mayor Roe asked that consideration be given to providing notice to neighbors similar to that done for other administrative actions by the Community Development Department.
In Line 60, Mayor Roe noted the comment for the Planning Commission’s recommendation to add a deadline once approved but staff’s comment that it would be difficult to enforce; and sought clarification.
Mr. Lloyd explained the timeline involved, making it difficult for applicants to meet if a resident was carrying it forward on their own and not immediately familiar with the process itself; and if not completed, subsequently difficult for staff to enforce. If not enforceable, Mr. Lloyd questioned if it was worthwhile imposing it to begin with. However, since the Planning Commission discussion, Mr. Lloyd referenced discussions with the City Attorney who recommended that it was still appropriate to have a timeline, and enforce it by withholding a building permit to ensure the process is completed. Therefore, Mr. Lloyd advised that staff’s recommendation, based on the City Attorney’s advice, would be to add a reasonable timeline for recording of any of these applications. However, Mr. Lloyd opined that one year may be more than enough, but two months seemed not enough time.
Councilmember Willmus opined that any timeline called out should mirror that in place at the county level.
Mr. Lloyd advised that he would research those timelines for city approved items.
Mayor Roe suggested a six-month timeline as a reasonable compromise providing the process is clear for applicants and anyone involved.
In Section 61 (Minor Plat), Mr. Lloyd advised that the idea was essentially for a Minor Subdivision process with a greater level of detail at the front end of applications, and required filing of the plat documents at the end of the process.
Councilmember McGehee stated her interest in providing public notice of a project with a map or picture of the area; and addressing the layout, drainage and tree preservation in this area as well as with other areas of code where applicable. Councilmember McGehee referenced the Oak Acres project as a case in point, where the results had been clear-cutting with no drainage plan; opining something was missing in the city’s current process.
Mr. Lamb noted that this was intended to be addressed in Chapter 1103; with concurrence by Mr. Lloyd in the standards and layout provisions. If the City Council agrees that this process seems reasonable to pursue, Mr. Lloyd recommended that staff then begin drafting application forms and a process providing specific requirements for the detail required versus having it codified in the subdivision ordinance itself.
Mayor Roe suggested that the broader question for the City Council is how much to take out of requirements shown in the subdivision code and moved to the application form. Mayor Roe stated that he was uncomfortable with virtually everything removed from the code and moved to the application form since part of the City Council’s legislative power was for these basic things. Especially with the minor subdivisions coming forward over the last few years, Mayor Roe noted the lack of specific information that created problems. Since the City Council has voiced their collective and individual concerns with that, Mayor Roe asked for discussion (e.g. page 12, applications) and whether the preference was for a basic list of requirements that carry through from this preliminary plat and other processes without lengthy details for every aspect of each requirement.
Councilmember Etten concurred with the comments of Mayor Roe and Councilmember McGehee, and while trusting staff, stated his preference that the requirements are described in this subdivision code in some way to clearly set forth the expectations of the City Council of those requirements.
Councilmember Laliberte agreed, stated that she wasn’t comfortable with all of those requirements coming out of this code to the application form; opining that minimum requirements should remain in the subdivision code.
Councilmember McGehee stated her preference that the City Attorney provide some level of confidence that the City Council has sufficient enforcement authority through its City Code to exercise its legislative authority in approving or denying things that could become problematic and having an opportunity to have adequate finding for Council action.
In Section 62, Item 2.ii, Mayor Roe noted the important language that something couldn’t be applied for multiple times; and suggested even further clarified language such as approved “and recorded” within five years.
Mr. Lloyd clarified that Subpart 2.i stated that, and Subpart 2.ii was intended for five acre pieces of land to ensure that they couldn’t be divided multiple times to subvert the major plat process.
Mayor Roe duly noted that clarification, agreeing that his proposed language may not be necessary, but suggested it be considered as food for thought.
Councilmember McGehee suggested the need to make sure things were properly recorded to ensure there were no unrecorded outstanding approvals.
Mr. Lloyd advised that those things were easier to catch as they showed up on Ramsey County parcel maps used by staff. However, Mr. Lloyd advised that they were harder to catch if, for example, something was approved this year with recording of the documents required within a few months, but not done for several years, but instead done immediately before coming to the city with a new application and now yet making it through the process for easy tracking.
Mayor Roe opined that if they were recorded, they should still be available for the city.
In Section 63, Councilmember McGehee noted the one year reference for approval as an example she’d previously addressed.
In Sections 65 through 71 (Developer Open House Meeting), while not brought up until Item 72 (Preliminary Plat Process), Councilmember Etten suggested those sections may better fit between Sections 72 through 83 on page 17. Councilmember Etten opined it would catch the eye of the developer as part of that process.
Mr. Lloyd hesitated in his response based on his perspective of how those provisions fit into the broader or global picture. While it’s helpful in this initial review to see a side-by-side presentation of today’s code and that proposed, Mr. Lloyd advised that when the format is changed for the new iteration, some of those sections will come to light; at which time he’d prefer that the City Council see if it made more sense than as suggested by Councilmember Etten. Mr. Lloyd advised that one reason to have it out front was because it didn’t apply to all plats (e.g. several commercial plots into one), and while not every application will include it as part of the process, he would consider its placement.
Councilmember Etten questioned if Mr. Lloyd was looking for a separate definition; with Mr. Lloyd responding that yes, the process would be outlined and then an applicant, in consultation with staff, could determine if they met the parameters.
Councilmember Etten suggested points of reference for people to look to as developers review a particular segment of code; agreeing to consider whether it made more sense upfront or as a reference point.
With the combination of Chapter 1102 with Chapter 1004, Mr. Lamb noted that the next iteration would look different.
Councilmember McGehee sought clarification from staff on which portion of the open house process staff had taken back from the developer based on practical use.
Mayor Roe noted that the open house process itself had been updated recently, and this process would parallel it.
City Planner Paschke clarified that the only part of the open house process staff had taken back from the developer was drafting the invitations, with the developer still responsible for holding the open house.
In Section 72, Councilmember McGehee suggested requiring drainage as one of the criteria; with Mayor Roe clarifying that this was simply an abbreviated list of basic requirements.
In Section 83.F, Mayor Roe asked staff to make sure the validation timeframe language was consistent.
Page 19 (Variances)
Mr. Lamb noted this had been relocated from Chapter 1104.
Councilmember McGehee questioned why Minnesota Statute Chapter 462 language had been removed as related to “undue hardships.”
Mr. Lloyd clarified that the term in the current subdivision code is “unusual hardship” which represented a different standard from “undue hardship” used in zoning code and now referred to based on revised language in State Statute as “practical difficulty.”
In Section 87, Mr. Lloyd noted one provision in State Statute was that a variance was only approved when specific grounds had been identified. Mr. Lloyd advised that the proposed subdivision code language had been specifically taken from current zoning code, and asked the City Council if they seemed adequate on their own or if more items than the proposed four items shown were needed.
Councilmember McGehee reiterated her suggestion to include something related to drainage in this section.
Mayor Roe clarified that this is intended as findings and grounds to grant a variance.
Mr. Lloyd provided an example of a large residential parcel subdivided in a way to create two conforming sized lots, but with the existing improvement over the allowable impervious coverage, which may affect drainage in some way. Mr. Lloyd advised that would be what the applicant was seeking a variance to; and a specific item for City Council review at that time.
To get at Councilmember McGehee’s point, Councilmember Willmus asked under what obligation the city was required to issue a variance or what specific language the city could impose. Councilmember Willmus stated that he wasn’t sure the city was required to provide a variance in the first place.
In response, City Attorney Gaughan advised that an applicant for a subdivision must adhere to standards unless there was a hardship, and at the City Council’s discretion they could then grant a variance. In working with staff on this provision, Mr. Gaughan suggested that specificity was good in terms of conditions proceeding a variance approval. Mr. Gaughan clarified that this wasn’t intended as a tug of war whether or not a variance should be granted, but if a particular item was of particular importance to the city for subdivisions, as per Councilmember McGehee’s point, he suggested that it would be appropriate to include those items as the basis for approval or denial. For example, Mr. Gaughan suggested that including specific reference to city standards, including water issues and drainage if that was one of the city’s priorities; and therefore, recommended that the city consider specific references in variance provision or at least reference adherence to land performance standards.
Mr. Lloyd reminded the City Council that they would see this again for action and suggested that between now and then, opportunity would be available for the City Council to consider what provisions would work well in this section.
If a variance was granted to a particular provision of the subdivision code, Mayor Roe noted that the city could still be approving the subdivision and adhering to requirements with the exception of that one thing. Mayor Roe opined that the City Council’s catch in that process was that ultimately it would still be approving the subdivision other than the requirement to which the variance was granted.
City Attorney Gaughan asked that the City Council think about what it believes is appropriate for an unusual hardship that they may want to include.
Mayor Roe questioned if that could be known until practical use under the revised subdivision code.
At the request of Mr. Lamb, the consensus of the City Council was that they were seeking for more specificity beyond the currently listed four points and more specific than those references.
Councilmember Etten asked if this specificity would create adverse impacts on neighboring properties that could open up new issues.
City Attorney Gaughan responded that similar to Item 4, about not altering the essential character of the locality, suggested that “adverse impacts on surrounding lots” may be a good starting point for an Item #5.
Mr. Lamb suggested those adverse impacts may be applicable in more specificity to Item #4; with Councilmembers Etten and McGehee disagreeing, opining that #4 was different than “adverse affects;” duly noted by Mr. Lamb.
Mayor Roe suggested an adverse affect could be stormwater, but not limited to that only.
In Section 141, Item 2 (Storm sewers), Councilmember McGehee questioned if there were areas in Roseville still having private storm sewers, with Public Works Director Marc Culver confirming that there were.
Councilmember Etten asked for an explanation of staff’s comment about the Public Works Department confirming if this section should be in the subdivision code or the Public Works Design Standards manual.
Mr. Lloyd noted that this had been part of earlier discussions today with Public Works staff. While these provisions are currently included in this draft of the subdivision code, Mr. Lloyd advised that greater specificity (Section 147 – e.g. standard of pavement construction) seemed more applicable in the Design Standards manual. As with the need to balance information that should be included in the subdivision code or on the particular plat application, Mr. Lloyd suggested language in code that referenced city standards, with deeper detail provided in the manual itself and as industry standards changed periodically.
In Section 29, questioned if those specific references in Item 3 (concrete curbs and gutters) were what Mr. Lloyd was referring to as moving to applicable requirements of the Public Works design document; with confirmation of that by Mr. Lloyd.
Councilmember McGehee questioned if the manual had been completed and was available.
Mayor Roe suggested that it would eventually become a public document.
Public Works Director Marc Culver advised that the manual was still a work in progress; with initial reviews done by the Public Works, Environment and Transportation Commission (PWETC) and Planning Commission. Mr. Culver advised that the City Council would see it as an attachment to the subdivision code at upcoming meetings prior to their final approval of the code. While close to completion, Mr. Culver advised that it was still in draft form until completion of this subdivision code rewrite to determine what information goes where.
In general and based on previous discussions with Environmental Specialist Ryan Johnson related to storm water efforts and green streets, Councilmember McGehee opined that the city should rethink its current practice requiring sodding behind curbs when installed allowing all the runoff going into the gutters. Since sod doesn’t end up working for boulevards most of the time, Councilmember McGehee suggested that “sod” be removed as a requirement allowing for small swales to be installed behind curbs where applicable.
Mr. Culver referenced Section 153, Item 7 as a location of the term “sodding;” with Mr. Culver duly noting Councilmember McGehee’s request for more flexibility in actual practice with flexibility to allow rain gardens, etc, with some already installed behind curb areas.
Page 30 - 31
Councilmember McGehee noted references (Section 157 as an example) that could provide for more flexibility and more subtle than a rain garden.
Councilmember Willmus agreed with Councilmember McGehee’s point and area of concern; and suggested removal of the term “sodded.”
Mr. Culver duly noted the requests, and suggested referencing “stabilized” rather than “sodded.”
Mayor Roe noted that the city had a requirement for lot coverage that it needed to be finished in accordance with that section of code and not just black dirt.
Mr. Lamb duly noted this discussion.
Councilmember McGehee also noted the need to look at tree preservation in the context of the subdivision code, which had proven difficult to address to-date.
Community Development Director Kari Collins reviewed timing for the remainder of this review as previously addressed by Mr. Lloyd; with part two of the review scheduled for next week’s Council meeting. Ms. Collins noted that the initial plan was to have the City Council adopt the revised subdivision code by the end of May. However, Ms. Collins advised that the Planning Commission had tabled the public hearing until their June meeting for one more look at the document before making their recommendation to the City Council. Ms. Collins stated that the City Council would be proud of the thorough job the Commission was doing; but clarified that the schedule would not meet the expiration of the moratorium. Ms. Collins advised that staff was monitoring any applications that may come in between that expiration and enactment of this new code.
Some discussion was held as to extending the moratorium, with staff and Mayor Roe confirming that the city would not be able to meet the statutory requirements for an extension at this point.
8. Approve Minutes
Comments and corrections to draft minutes had been submitted by the City Council prior to tonight’s meeting and those revisions were incorporated into the draft presented in the Council packet.
a. Approve City Council/Roseville School Board Joint Work Session Minutes – April 17, 2017
Laliberte moved, McGehee seconded, approval of the April 17, 2017 City Council/Roseville School Board Joint Work Session Meeting Minutes as presented.
b. Approve City Council Minutes – April 24, 2017
McGehee moved, Willmus seconded, approval of the April 24, 2017 City Council Meeting Minutes as presented.
Mayor Roe pointed out a seven-page bench handout from the April 24th meeting from the Citizens Climate Lobby requesting a city resolution of support; and sought consensus as to whether to include it as an attachment to the meeting minutes, since it was not testimony related to a specific proposal before the city and material not considered or approved by the City Council.
Councilmember McGehee spoke in support of attaching it to the meeting minutes, since it had been brought forward at a public meeting for consideration.
Without objection, staff was directed to include the bench handout as an attachment to the meeting record.
9. Approve Consent Agenda
At the request of Mayor Roe, City Manager Trudgeon briefly highlighted those items being considered under the Consent Agenda; and as detailed in specific Requests for Council Action (RCA) and related attachments dated May 8, 2017.
a. Approve Payments
Etten moved, McGehee seconded, approval of the following claims and payments as presented and detailed.
85285 – 85464
b. Approve General Purchases and Sale of Surplus Items in Excess of $5,000
Etten moved, McGehee seconded, approval of general purchases and contracts for services as noted in the RCA and Attachment A entitled, “2017 Summary of Scheduled CIP Items,” updated April 30, 2017.
c. Appoint Members to the Human Rights, Inclusion and Engagement Commission (HRIEC)
Etten moved, McGehee seconded, appointment to the Human Rights, Inclusion and Engagement Commission of Lisa Carey, Wayne Groff, and Lauren Peterson to respective terms ending March 31, 2018; Nicole Dailey, John Eichenlaub, and Erik Tomlinson to respective terms ending March 31, 2019; and Etienne Djevi, Chelsea Holub, Edward Johnson and Michelle Manke to respective terms ending March 31, 2020.
Etten moved, McGehee seconded, authorizing the City Council Subcommittee on Commissions to serve as the ex-officio chairs of the Human Rights, Inclusion, and Engagement Commission until such time officers are elected by members of the Commission.
f. Approve Contract for Engineering Services for Rehabilitation of Lounge Lift Station
Etten moved, McGehee seconded, authorizing the Mayor and City Manager to enter into a Professional Services Agreement (Attachment A) with Bolton & Menk, Inc. for engineering services for reconstruction of the Lounge Sanitary Sewer Lift Station, in an amount not to exceed $44,400.
g. Approve Resolution Awarding Bid for 2017 Utility Projects
Etten moved, McGehee seconded, adoption of Resolution No. 11415 (Attachment A) entitled, “Resolution Awarding Bids for 2017 Utility Project to Northdale Construction Co., Inc., in an amount not to exceed $146,929.36.
h. Approve Resolution Authorizing Bonten Driveway Easement Agreement
Etten moved, McGehee seconded, adoption of Resolution No. 11416 (Attachment A) entitled, “Resolution Approving Driveway Easement Agreement (Attachment B) with Bonten VII, LLC; and authorizing the Mayor and City Manager to execute the document.
i. Approve Resolution Approving the Acquisition of Easement at 345 S Owasso Boulevard
Etten moved, McGehee seconded, adoption of Resolution No. 11417 (Attachment A) entitled, “Resolution Approving the Acquisition of a Drainage and Utility Easement (Attachment B) by the City of Roseville;” at 345 S Owasso Boulevard; and authorizing the Mayor and City Manager to execute the document.
j. Approve Minnesota Department of Transportation (MnDOT) Master Partnership Contract
Etten moved, McGehee seconded, adoption of Resolution No. 11418 (Attachment A) entitled, “Resolution to Enter into a Master Partnership Contract (Attachment B) with the Minnesota Department of Transportation;” allowing for numerous partnership services in accordance with work orders executed for each activity by the Public Works Director.
10.Council & City Manager Communications, Reports, and Announcements
11.Councilmember Initiated Future Agenda Items and Future Agenda Review
Referencing an email sent to council members earlier, City Manager Trudgeon noted that interviews were planned for one vacancy on the Planning Commission, with seven applications received to-date. Mr. Trudgeon asked if council members preferred a date other than a regular City Council meeting date, proposed for May 22, 2017, with an earlier start date (e.g. 5:30 p.m.).
After some discussion, and without objection, Mayor Roe confirmed the council’s preference to schedule a 5:30 p.m. start time for the May 22, 2017 City Council meeting, starting with interviews.
11. Adjourn
Willmus moved, Etten seconded, adjournment of the meeting at approximately 9:18 p.m.
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Canadian Military Heritage Volume 2 (1755-1871)
Chapter 4 - The Napoleonic Wars and the War of 1812
Laura Secord and Beaver Dams
The Napoleonic Wars and the War of 1812
Previous page of section
1: Page 1 of section
Next page of section
Iroquois Terrorize Americans Into Surrender
The following day at dawn the Amerindian scouts commanded by Captain Dominique Ducharme spotted the Americans. At 9 a.m. Ducharme, with some 300 well-hidden Iroquois, opened fire on the rear of the American column. A hundred additional Iroquois, led by Captain William Johnson Kerr, arrived as reinforcements. For three hours they sniped at the Americans, shouting their terrible war cries. Terrorized, Boerstler and his soldiers wanted to surrender, but not to the Amerindians. FitzGibbon arrived with his 49th Detachment, just in time to enable them to do so! No fewer than 462 officers and soldiers of the regular army, along with 30 American militiamen, were taken prisoner. The colours of the 14th Infantry Regiment, along with two cannon, were taken. FitzGibbon received virtually all the glory from the victory, while the Amerindians and Ducharme and Kerr were forgotten.
It is usually said that the Amerindians did the fighting and that FitzGibbon took all the credit for this feat. As for Laura Secord, without whose efforts it could not have occurred, her story became known only at the end of her life. Her act eventually came to symbolize not only Upper Canada's resistance, but also the patriotism and abnegation suffered by so many Canadian women during these sombre years of repeated invasions.
Chapter 1 - The Conquest
Chapter 2 - The Revolt of Pontiac and the American Invasion
Chapter 3 - The Coveted Pacific Coast
A Relatively Peaceful Decade
The Militias of the New Provinces
Canada at War with France
Tensions with the United States
The Royal Canadian Volunteers
Newfoundland Threatened
The 1802 Peace
New Tensions in America
Mobilization in Lower Canada
The British and Canadian Forces
Canada's Defence Strategy
American Fiascos
New Invasions in the West
The Americans Attack Upper Canada
Objective: Montreal!
The Battle of Chateauguay
The Battle of Crysler's Farm
The British Take Fort Niagara
The 1814 Invasion of Canada
The Battle for the Northwest
The Race to Build Ships
The British Defeat at Plattsburgh
The War at Sea
The Legacy of the War of 1812
Chapter 5 - Demobilization
Chapter 6 - The Royal Navy, Ruler of the Seas
Chapter 7 - A Decade of Turbulence
Appendix A - The British Armed Forces
Appendix B - Daily Life of Soldiers and Officers
Appendix C - Uniforms and Arms
Appendix D - Reference
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Dedication of Real Property
(a) The state shall reimburse each local agency and school district for all "costs mandated by the state," as defined in Section 17514.
(b) (1) For the initial fiscal year during which these costs are incurred, reimbursement funds shall be provided as follows:
(A) Any statute mandating these costs shall provide an appropriation therefor.
(B) Any executive order mandating these costs shall be accompanied by a bill appropriating the funds therefor, or alternatively, an appropriation for these costs shall be included in the Budget Bill for the next succeeding fiscal year. The executive order shall cite that item of appropriation in the Budget Bill or that appropriation in any other bill which is intended to serve as the source from which the Controller may pay the claims of local agencies and school districts.
(2) In subsequent fiscal years appropriations for these costs shall be included in the annual Governor's Budget and in the accompanying Budget Bill. In addition, appropriations to reimburse local agencies and school districts for continuing costs resulting from chaptered bills or executive orders for which claims have been awarded pursuant to subdivision (a) of Section 17551 shall be included in the annual Governor's Budget and in the accompanying Budget Bill subsequent to the enactment of the local government claims bill pursuant to Section 17600 that includes the amounts awarded relating to these chaptered bills or executive orders.
(c) The amount appropriated to reimburse local agencies and school districts for costs mandated by the state shall be appropriated to the Controller for disbursement.
(d) The Controller shall pay any eligible claim pursuant to this section within 60 days after the filing deadline for claims for reimbursement or 15 days after the date the appropriation for the claim is effective, whichever is later. The Controller shall disburse reimbursement funds to local agencies or school districts if the costs of these mandates are not payable to state agencies, or to state agencies who would otherwise collect the costs of these mandates from local agencies or school districts in the form of fees, premiums, or payments. When disbursing reimbursement funds to local agencies or school districts, the Controller shall disburse them as follows:
(1) For initial reimbursement claims, the Controller shall issue claiming instructions to the relevant local agencies pursuant to Section 17558. Issuance of the claiming instructions shall constitute a notice of the right of the local agencies and school districts to file reimbursement claims, based upon parameters and guidelines adopted by the commission.
(A) When claiming instructions are issued by the Controller pursuant to Section 17558 for each mandate determined pursuant to Section 17555 that requires state reimbursement, each local agency or school district to which the mandate is applicable shall submit claims for initial fiscal year costs to the Controller within 120 days of the issuance date for the claiming instructions.
(B) When the commission is requested to review the claiming instructions pursuant to Section 17571, each local agency or school district to which the mandate is applicable shall submit a claim for reimbursement within 120 days after the commission reviews the claiming instructions for reimbursement issued by the Controller.
(C) If the local agency or school district does not submit a claim for reimbursement within the 120-day period, or submits a claim pursuant to revised claiming instructions, it may submit its claim for reimbursement as specified in Section 17560. The Controller shall pay these claims from the funds appropriated therefor, provided that the Controller (i) may audit the records of any local agency or school district to verify the actual amount of the mandated costs, and (ii) may reduce any claim that the Controller determines is excessive or unreasonable.
(2) In subsequent fiscal years each local agency or school district shall submit its claims as specified in Section 17560. The Controller shall pay these claims from funds appropriated therefor, provided that the Controller (A) may audit the records of any local agency or school district to verify the actual amount of the mandated costs, (B) may reduce any claim that the Controller determines is excessive or unreasonable, and (C) shall adjust the payment to correct for any underpayments or overpayments which occurred in previous fiscal years.
(3) When paying a timely filed claim for initial reimbursement, the Controller shall withhold 20 percent of the amount of the claim until the claim is audited to verify the actual amount of the mandated costs. All initial reimbursement claims for all fiscal years required to be filed on their initial filing date for a state-mandated local program shall be considered as one claim for the purpose of computing any late claim penalty. Any claim for initial reimbursement filed after the filing deadline shall be reduced by 10 percent of the amount that would have been allowed had the claim been timely filed, provided that the amount of this reduction shall not exceed one thousand dollars ($1,000). The Controller may withhold payment of any late claim for initial reimbursement until the next deadline for funded claims unless sufficient funds are available to pay the claim after all timely filed claims have been paid. In no case shall a reimbursement claim be paid if submitted more than one year after the filing deadline specified in the Controller's claiming instructions on funded mandates contained in a claims bill.
(Amended by Stats. 1999, Ch. 643, Sec. 5.)
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BY ALEX · DECEMBER 13, 2015
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But i was and you should be skeptical. Is it reliable at all? is it a legit signals service? Because many, and i mean many binary options scams are out there. Every day you can find some of the high authority websites exposing new scams in the industry. Personally I've helped so many people over the years on my various websites to keep their money safe by warning them not to use certain binary options products which proven to be scams. All of this doesn't mean you can't find a decent and profitable auto traders. i would say that on average 1 out of 10 binary options services is decent, legit and profitable. But So how about the NEO2 Auto Trading robot? To which category does it belong?
Let me cut to the chase - I've seen probably more than 300 different binary options auto traders. Around 250 of them were complete frauds, and i was always one of the firsts to expose them as i am committed to my followers. The NEO2 trading software is by far the best one I ever dealt with. I've tested the NEO2 on any possible aspect, and it's the real thing. They don't promise you to become reach overnight, but they do set an achievable goals and fully stand behind there promises. When you use this robot, make sure you work with a good broker, a trusted one. As broker's manipulations seems to be the only scenario not the earn a consistent income with the NEO2 trading system. On my testing I've first check their site, reliability. I looked for classic scam characteristics but couldn't find any. No gimmicks, no fake reviews or fictive social profiles. Then I got to the most interesting part - checking the quality of the trading signals and the overall performance of the NEO2 app. I was surprised indeed that my testing indicates almost the same results as they showed on their presentation. 86.52% of winning rates. I means an average of more than 8 ITM trades out of 10. The best auto traders I experienced so far was promising more than 80 and up to 90 percents accuracy. However, in practice they perform with an average of 70-75%. This is a huge difference.
Probably the smartest thing Doc. xxx and Mr Amit Gueta of the NEO2 trading software company did, was to gather with Michael Freeman, one of the leaders and most professional traders in this field. He helped them to understand traders needs and the nuances of this type of investment. That way they could taKe a very sophisticated algorithm and create a super simple interface. The NEO2 trading platform can't be easiest to use. The interface is friendly and easy to use even for someone with no experience at all neither on trading or on using a computer. The registration process is fast and east as well. All you need to do is enter you name and email, and on the next page you fill in some more basic info, choose your password and there you go, you have an account. After you fund your account and verify your details with your automatically assigned broker, you can start trading. I encourage you to give it a shot and try it out yourself. I wouldn't do it if i was absolutely confident that you'll make some rea money using the NEO2 software. Let me know if you have any questions regarding this information and you want real proofs. And I'm looking forward to hear you experience so please share it with me!
BinaryReviewer
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BinaDroid - Scam? Legit Tested Approved Best Top Real Honest Software Review
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US Broker/ Auto Trader/ Binary Options Questions
Hello, I am just now getting into trading/forex and have a couple questions.
One: I am in the US and am a looking for a repuatble broker. I've searched the forum and see people reccomending Nadex but it seems like a website for doing the actual binary trading and not as a broker. I am looking for a site that can sync with a tool (Mikes Auto Trader) so I can use the software to help with trades.
Two: Does anyone here use softwares to help with Binary Trading? If so, what have the results been? After seeing a lot of fishy programs and the most reliable service seems like Mikes Auto Trader. Anyone here use it or know someone who does?
Three: How do withdraws from my broker into my bank account work? Do I need to give the broker bank information or just a debit card number?
Four: How do I sync a broker with a Auto Trading System?
Sorry for all the nooby questions, there just seems to be a lot of unreliable infromation out there on Binary Options trading. Thanks for the help!
edit: I am in the US, and I've read that a lot of brokers dont accept traders from the US, so if anyone has any reputable ones that do I would appreciate it.
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Are any of the auto-traders for binary options not scams?
I've been looking into doing binary options trading for some extra money, but all the programs I have seen appear to be scam setups. Are there any out there that are legit?
All advice is appreciated!
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Wall Street Week Ahead for the trading week beginning August 17th, 2020
Here is everything you need to know to get you ready for the trading week beginning August 17th, 2020.
Stocks are ignoring the lack of a stimulus package from Congress, but that could change - (Source)
Stocks could hang at record levels but gains may be capped until Congress agrees to a new stimulus package to help the economy and the millions of unemployed Americans.
Stocks were higher in the past week, and the S&P 500 flirted with record levels it set in February.
In the coming week, there are some major retailers reporting earnings, including Walmart, Home Depot and Target, but the season is mostly over and the market is entering a quiet period. There are minutes from the Fed’s last meeting, released Wednesday, and housing data, including starts Tuesday and existing sales Friday.
Investors had been watching efforts by Congress to agree to a new stimulus package, but talks have failed and the Senate has gone on recess. There is a concern that Congress will not be convinced to provide a big enough package when it does get to work again on the next stimulus round because recent economic reports look stronger. July’s retail sales, for example, climbed to a record level and recovered to pre-pandemic levels.
“The juxtaposition of getting more fiscal stimulus and better data has paralyzed us in our tracks … we’ve seen this sideways [market] action,” said Art Hogan, chief market strategist at National Alliance. “It feels like we need more action from Congress, and the concern is the longer we wait, the better the data gets and the less impactful the next round of stimulus will be.”
Some technical analysts say the market may pull back around the high, to allow it to consolidate gains before moving higher into the end of the year. The S&P 500 reached an all-time high of 3,393 on Feb. 19.
Hogan said he expects stocks to tread sideways during the dog days of August, but they could begin to react negatively to the election in September. He also said it is important that progress continue against the spread of Covid-19, as the economy continues to reopen.
Peter Boockvar, chief investment strategist at Bleakley Advisory Group, said the market could have a wakeup call at some point that the stimulus package has not been approved.
“I think it will cross over a line where they care,” he said. “I think the market is in suspended animation of believing there will be a magical deal.” Boockvar said he expects a deal ultimately, but the impact is not likely to be as big as the last round of funding.
“What they’re not grasping is any deal, any extension of unemployment benefits, is going to be smaller than it was, and the rate of change should be the most important thing investors focus on,” he said. “Not the binary outcome of whether there’s a deal or no deal. There’s going to be less air going into the balloon.”
It’s the economy
Still, economists expect to see a strong rebound in the third quarter, and are anticipating about about a 20% jump in third-quarter growth. But they also say that could be threatened if Congress does not help with another stimulus package.
Mark Zandi, chief economist at Moody’s Analytics, described the July retail sales as a perfect V-shaped recovery, but cautioned it would not last unless more aid gets to individuals and cities and states. Democrats have sought a $3 trillion spending package, and Republicans in the Senate offered a $1 trillion package. They could not reach a compromise, including on a $600 weekly payment to individuals on unemployment which expired July 31.
President Donald Trump has tried to fill the gap with executive orders to provide extra benefits to those on unemployment, but the $300 federal payment and $100 from states may take some time to reach individuals, as the processing varies by state. He has also issued an order instructing the Treasury to temporarily defer collection of payroll taxes from individuals making up to $104,000.
“I think in August and September, there will be a lot of Ws, if there’s not more help here,” said Zandi, referring to an economic recovery that retrenches from a V shape before heading higher again. “It’s clearly perplexing. It may take the stock market to say we’re not going to get what we expect, and sell off and light a fire.”
Zandi said it could come to a situation like 2008, where the stock market sold off sharply before Congress would agree to a program that helped financial companies.
“We need a TARP moment to get these guys to help. Maybe if the claims tick higher and the August employment numbers are soft, given the president is focused on the stock market, that might be what it takes to get them back to the table in earnest,” he said, referring to the Troubled Asset Relief Program that helped rescue banks during the financial crisis.
He ultimately expects a package of about $1.5 trillion to be approved in September.
The lack of funding for state and local governments could result in more layoffs, as they struggle with their current 2021 budgets, Zandi said. Already 1.3 million public sector jobs have been lost since February, and there will be more layoffs and more programs and projects cancelled. The impact will hit contractors and other businesses that provide services to local governments.
“The multipliers on state and local government are among the highest of any form of support, so if you don’t provide it, it’s going to ripple through the economy pretty fast,” he said.
Economists expect to see a softening in consumer spending in August with the more than 28 million Americans on unemployment benefits as of mid-July no longer receiving any supplemental pay.
“The real irony is things are shaping up that September is going to be a bad month, and that’s going to show up in all the data in October,” Zandi said. “They are really taking a chance on this election by not acting.”
4 Charts That Will Amaze You
The S&P 500 Index is a few points away from a new all-time high, completing one of the fastest recoveries from a bear market ever. But this will also seal the deal on the shortest bear market ever. Remember, the S&P 500 Index lost 20% from an all-time high in only 16 trading days back in February and March, so it makes sense that this recovery could be one of the fastest ever.
From the lows on March 23, the S&P 500 has now added more than 50%. Many have been calling this a bear market rally for months, while we have been in the camp this is something more. It’s easy to see why this rally is different based on where it stands versus other bear market rallies:
They say the stock market is the only place where things go on sale, yet everyone runs out of the store screaming. We absolutely saw that back in March and now with stocks near new highs, many have missed this record run. Here we show how stocks have been usually higher a year or two after corrections.
After a historic drop in March, the S&P 500 has closed higher in April, May, June, and July. This rare event has happened only 11 other times, with stocks gaining the final five months of the year a very impressive 10 times. Only 2018 and the nearly 20% collapse in December saw a loss those final five months.
As shown in the LPL Chart of the Day, this bear market will go down as the fastest ever, at just over one month. The recovery back to new highs will be five months if we get there by August 23, making this one of the fastest recoveries ever. Not surprisingly, it usually takes longer for bear markets in a recession to recover; only adding to the impressiveness of this rally.
“It normally takes 30 months for bear markets during a recession to recover their losses, which makes this recovery all the more amazing,” said LPL Financial Chief Market Strateigst Ryan Detrick.. “Then again, there has been nothing normal about this recession, so maybe we shouldn’t be shocked about yet another record going down in 2020.”
When a Few Basis Points Packs a Punch
US Treasury yields have been on the rise this week with the 10-year yield rising 13 basis points (bps) from 0.56% up to 0.69% after getting as high as 0.72% on Thursday. A 13 bps move higher in interest rates may not seem like a whole lot, but with rates already at such low levels, a small move can have a pretty big impact on the prices of longer-term maturities.
Starting with longer-term US Treasuries, TLT, which measures the performance of maturities greater than 20 years, has declined 3.5% this week. Now, for a growth stock, 3.5% is par for the course, but that kind of move in the Treasury market is no small thing. The latest pullback for TLT also coincides with another failed attempt by the ETF to trade and stay above $170 for more than a day.
The further out the maturity window you go in the fixed income market, the bigger the impact of the move higher in interest rates. The Republic of Austria issued a 100-year bond in 2017, and its movements exemplify the wild moves that small changes in interest rates (from a low base) can have on prices. Just this week, the Austrian 100-year was down over 5%, which is a painful move no matter what type of asset class you are talking about. This week's move, though, was nothing compared to the stomach-churning swings from earlier this year. When Covid was first hitting the fan, the 100-year rallied 57% in the span of less than two months. That kind of move usually occurs over years rather than days, but in less than a third of that time, all those gains disintegrated in a two-and-a-half week span from early to late March. Easy come, easy go. Ironically enough, despite all the big up and down moves in this bond over the last year, as we type this, the bond's price is the same now as it was on this same day last year.
Retail Sales Rock to New Highs
At the headline level, July’s Retail Sales report disappointed as the reading missed expectations by nearly a full percentage point. Just as soon as the report was released, we saw a number of stories pounce on the disappointment as a sign that the economy was losing steam. Looked at in more detail, though, the July report wasn’t all that bad. While the headline reading rose less than expected (1.2% vs 2.1%), Ex Autos and Ex Autos and Gas, the results were much better than expected. Not only that, but June’s original readings were all revised higher by around a full percentage point.
Besides the fact that this month’s report was better underneath the surface and June’s reading was revised higher, it was also notable as the seasonally-adjusted annualized rate of sales in July hit a new record high. After the last record high back in January, only five months passed until American consumers were back to their pre-Covid spending ways. For the sake of comparison, back during the Financial Crisis, 40 months passed between the original high in Retail Sales in November 2007 and the next record high in April 2011. 5 months versus 40? Never underestimate the power of the US consumer!
While the monthly pace of retail sales is back at all-time highs, the characteristics behind the total level of sales have changed markedly in the post COVID world. In our just released B.I.G. Tips report we looked at these changing dynamics to highlight the groups that have been the biggest winners and losers from the shifts.
100 Days of Gains
Today marked 100 trading days since the Nasdaq 100's March 20th COVID Crash closing low. Below is a chart showing the rolling 100-trading day percentage change of the Nasdaq 100 since 1985. The 59.8% gain over the last 100 trading days ranks as the 3rd strongest run on record. The only two stronger 100-day rallies ended in January 1999 and March 2000.
While the Nasdaq 100 bottomed on Friday, March 20th, the S&P 500 bottomed the following Monday (3/23). This means tomorrow will mark 100 trading days since the S&P 500's COVID Crash closing low. Right now the rolling 100-day percentage change for the S&P 500 sits at +46.7%. But if the S&P manages to trade at current levels tomorrow, the 100-day gain will jump above 50%. It has been 87 years (1933) since we've seen a 100-day gain of more than 50%!
B.I.G. Tips - New Highs In Sight
Whether you want to look at it from the perspective of closing prices or intraday levels, the S&P 500 is doing what just about everybody thought would be impossible less than five months ago - approaching record highs. Relative to its closing high of 3,386.15, the S&P 500 is just 0.27% lower, while it's within half of a percent from its record intraday high of 3,393.52. Through today, the S&P 500 has gone 120 trading days without a record high, and as shown in the chart below, the current streak is barely even visible when viewed in the perspective of all streaks since 1928. Even if we zoom in on just the last five years, the current streak of 120 trading days only ranks as the fourth-longest streak without a new high.
While the S&P 500's 120-trading day streak without a new high isn't extreme by historical standards, the turnaround off the lows has been extraordinary. In the S&P 500's history, there have been ten prior declines of at least 20% from a record closing high. Of those ten prior periods, the shortest gap between the original record high and the next one was 309 trading days, and the shortest gap between highs that had a pullback of at least 30% was 484 tradings days (or more than four times the current gap of 120 trading days). For all ten streaks without a record high, the median drought was 680 trading days.
Whenever the S&P 500 does take out its 2/19 high, the question is whether the new high represents a breakout where the S&P 500 keeps rallying into evergreen territory, or does it run out of gas after finally reaching a new milestone? To shed some light on this question, we looked at the S&P 500's performance following each prior streak of similar duration without a new high.
STOCK MARKET VIDEO: Stock Market Analysis Video for Week Ending August 14th, 2020
NOTABLE TICKERS REMOVED DUE TO STOCKS AUTO MOD
(CLICK HERE FOR WEDNESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!)
(CLICK HERE FOR THURSDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!)
Walmart Inc. $132.60
Walmart Inc. (WMT) is confirmed to report earnings at approximately 7:00 AM ET on Tuesday, August 18, 2020. The consensus earnings estimate is $1.20 per share on revenue of $134.28 billion and the Earnings Whisper ® number is $1.29 per share. Investor sentiment going into the company's earnings release has 81% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 5.51% with revenue increasing by 2.99%. Short interest has decreased by 12.5% since the company's last earnings release while the stock has drifted higher by 0.6% from its open following the earnings release to be 9.9% above its 200 day moving average of $120.64. Overall earnings estimates have been revised higher since the company's last earnings release. On Tuesday, August 11, 2020 there was some notable buying of 12,381 contracts of the $135.00 put expiring on Friday, August 21, 2020. Option traders are pricing in a 4.9% move on earnings and the stock has averaged a 2.3% move in recent quarters.
NVIDIA Corp. $462.56
NVIDIA Corp. (NVDA) is confirmed to report earnings at approximately 4:20 PM ET on Wednesday, August 19, 2020. The consensus earnings estimate is $1.95 per share on revenue of $3.65 billion and the Earnings Whisper ® number is $2.01 per share. Investor sentiment going into the company's earnings release has 84% expecting an earnings beat The company's guidance was for earnings of $1.83 to $2.06 per share. Consensus estimates are for year-over-year earnings growth of 65.25% with revenue increasing by 41.53%. The stock has drifted higher by 31.0% from its open following the earnings release to be 57.7% above its 200 day moving average of $293.24. Overall earnings estimates have been revised higher since the company's last earnings release. On Friday, August 14, 2020 there was some notable buying of 3,787 contracts of the $460.00 call expiring on Friday, August 21, 2020. Option traders are pricing in a 7.7% move on earnings and the stock has averaged a 4.0% move in recent quarters.
Alibaba Group Holding Ltd. $253.97
Alibaba Group Holding Ltd. (BABA) is confirmed to report earnings at approximately 7:10 AM ET on Thursday, August 20, 2020. The consensus earnings estimate is $1.99 per share on revenue of $21.13 billion and the Earnings Whisper ® number is $2.11 per share. Investor sentiment going into the company's earnings release has 83% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 8.74% with revenue increasing by 26.22%. Short interest has increased by 30.1% since the company's last earnings release while the stock has drifted higher by 25.0% from its open following the earnings release to be 20.0% above its 200 day moving average of $211.59. Overall earnings estimates have been revised lower since the company's last earnings release. On Friday, August 7, 2020 there was some notable buying of 12,935 contracts of the $300.00 call expiring on Friday, November 20, 2020. Option traders are pricing in a 6.2% move on earnings and the stock has averaged a 3.1% move in recent quarters.
JD.com, Inc. $62.06
JD.com, Inc. (JD) is confirmed to report earnings at approximately 5:50 AM ET on Monday, August 17, 2020. The consensus earnings estimate is $0.38 per share on revenue of $26.98 billion and the Earnings Whisper ® number is $0.46 per share. Investor sentiment going into the company's earnings release has 78% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 52.00% with revenue increasing by 23.25%. Short interest has increased by 16.7% since the company's last earnings release while the stock has drifted higher by 24.1% from its open following the earnings release to be 36.9% above its 200 day moving average of $45.34. Overall earnings estimates have been revised higher since the company's last earnings release. On Friday, August 14, 2020 there was some notable buying of 12,799 contracts of the $62.00 call expiring on Friday, August 21, 2020. Option traders are pricing in a 8.0% move on earnings and the stock has averaged a 6.4% move in recent quarters.
Home Depot, Inc. $280.55
Home Depot, Inc. (HD) is confirmed to report earnings at approximately 6:00 AM ET on Tuesday, August 18, 2020. The consensus earnings estimate is $3.71 per share on revenue of $31.67 billion and the Earnings Whisper ® number is $3.75 per share. Investor sentiment going into the company's earnings release has 78% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 17.03% with revenue increasing by 2.69%. Short interest has decreased by 39.8% since the company's last earnings release while the stock has drifted higher by 16.7% from its open following the earnings release to be 22.4% above its 200 day moving average of $229.20. Overall earnings estimates have been revised higher since the company's last earnings release. On Friday, August 14, 2020 there was some notable buying of 3,323 contracts of the $300.00 call expiring on Friday, August 28, 2020. Option traders are pricing in a 4.2% move on earnings and the stock has averaged a 2.5% move in recent quarters.
Lowe's Companies, Inc. $154.34
Lowe's Companies, Inc. (LOW) is confirmed to report earnings at approximately 6:00 AM ET on Wednesday, August 19, 2020. The consensus earnings estimate is $2.93 per share on revenue of $21.29 billion and the Earnings Whisper ® number is $2.97 per share. Investor sentiment going into the company's earnings release has 78% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 36.28% with revenue increasing by 1.42%. Short interest has decreased by 19.2% since the company's last earnings release while the stock has drifted higher by 25.9% from its open following the earnings release to be 31.2% above its 200 day moving average of $117.67. Overall earnings estimates have been revised higher since the company's last earnings release. On Friday, August 7, 2020 there was some notable buying of 1,994 contracts of the $170.00 call expiring on Friday, August 21, 2020. Option traders are pricing in a 6.0% move on earnings and the stock has averaged a 5.8% move in recent quarters.
Target Corp. $136.53
Target Corp. (TGT) is confirmed to report earnings at approximately 6:30 AM ET on Wednesday, August 19, 2020. The consensus earnings estimate is $1.56 per share on revenue of $19.30 billion and the Earnings Whisper ® number is $1.64 per share. Investor sentiment going into the company's earnings release has 75% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 14.29% with revenue increasing by 4.77%. Short interest has decreased by 36.8% since the company's last earnings release while the stock has drifted higher by 10.0% from its open following the earnings release to be 18.0% above its 200 day moving average of $115.73. Overall earnings estimates have been revised higher since the company's last earnings release. On Monday, August 10, 2020 there was some notable buying of 4,479 contracts of the $135.00 call expiring on Friday, September 18, 2020. Option traders are pricing in a 6.3% move on earnings and the stock has averaged a 7.7% move in recent quarters.
Sea Limited $126.50
Sea Limited (SE) is confirmed to report earnings at approximately 6:30 AM ET on Tuesday, August 18, 2020. The consensus estimate is for a loss of $0.47 per share on revenue of $1.03 billion and the Earnings Whisper ® number is ($0.36) per share. Investor sentiment going into the company's earnings release has 74% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 34.29% with revenue increasing by 136.16%. Short interest has decreased by 8.5% since the company's last earnings release while the stock has drifted higher by 91.7% from its open following the earnings release to be 98.1% above its 200 day moving average of $63.87. Overall earnings estimates have been revised lower since the company's last earnings release. On Tuesday, August 4, 2020 there was some notable buying of 4,000 contracts of the $110.00 put expiring on Friday, January 15, 2021. Option traders are pricing in a 12.9% move on earnings and the stock has averaged a 16.7% move in recent quarters.
Niu Technologies $20.82
Niu Technologies (NIU) is confirmed to report earnings at approximately 3:00 AM ET on Monday, August 17, 2020. The consensus earnings estimate is $0.07 per share on revenue of $88.07 million and the Earnings Whisper ® number is $0.11 per share. Investor sentiment going into the company's earnings release has 57% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 30.00% with revenue increasing by 13.97%. Short interest has increased by 18.9% since the company's last earnings release while the stock has drifted higher by 129.8% from its open following the earnings release to be 90.3% above its 200 day moving average of $10.94. Overall earnings estimates have been revised higher since the company's last earnings release. The stock has averaged a 3.7% move on earnings in recent quarters.
BJ's Wholesale Club, Inc. $41.48
BJ's Wholesale Club, Inc. (BJ) is confirmed to report earnings at approximately 6:45 AM ET on Thursday, August 20, 2020. The consensus earnings estimate is $0.57 per share on revenue of $3.64 billion and the Earnings Whisper ® number is $0.60 per share. Investor sentiment going into the company's earnings release has 73% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 46.15% with revenue increasing by 8.79%. Short interest has decreased by 3.2% since the company's last earnings release while the stock has drifted higher by 33.8% from its open following the earnings release to be 46.7% above its 200 day moving average of $28.27. Overall earnings estimates have been revised higher since the company's last earnings release. On Wednesday, August 12, 2020 there was some notable buying of 2,119 contracts of the $50.00 call expiring on Friday, September 18, 2020. Option traders are pricing in a 12.4% move on earnings and the stock has averaged a 10.0% move in recent quarters.
Rocket Reversals
Over the last few days, we've been seeing a moderate rotation in the market as red-hot growth stocks sell-off and investors shift into other areas of the market that have been lagging. To highlight this, the table below highlights 24 companies in the Russell 3,000 with market caps of more than $1 billion that traded at a 52-week high within the last month but are currently down more than 20% from that high. The vast majority of these stocks are names that investors haven't been able to get enough of in 2020 but now appear to have had their fill.
Topping the list of these reversals is Eastman Kodak (KODK). On 7/29, the stock surged to a 52-week high of $60.00 after being awarded a questionable government contract to domestically produce components for prescription drugs. With the SEC and government agency that originally awarded the contract now looking into stock option awards at the company just before it was announced, the stock has pulled back sharply and is now down over 80% from its high less than two weeks ago.
While KODK is more of a unique example, other names on the list are primarily growth or health care stocks that have benefited from the COVID outbreak. However, now that signs suggest the summer wave in the south has crested, investors appear to be taking some profits. Shares of Vaxart (VXRT) hit a high of $17.49 on July 14th but have since lost nearly half of their value and trade back in the single-digits. Additionally, Bloom Energy (BE), 1Life Healthcare (ONEM), and Bioxcel Therapeutics (BTAI) have all lost more than a third of their value.
In terms of market cap, most of the names listed are on the small side, but Tesla (TSLA) is a notable exception as it is now just over 20% below its 52-week high on 7/13. Other relatively large companies on the list include Moderna (MRNA), Citrix Systems (CTXS), Teladoc (TDOC), and Livongo (LVGO). TDOC and LVGO both hit all-time highs last week but after announcing a mostly stock merger last Wednesday, both have lost nearly a quarter of their value.
While all of the stocks listed below have seen sharp pullbacks in the last several days, a little perspective is in order. Of the 24 names listed, the average YTD change even after the declines has been a gain of 219.7% (median: +94.6%). Only two of the stocks shown (New Relic- NEWR and Sonos- SONO) are down YTD, and half of them have at least doubled and in many cases much more.
$WMT
$NVDA
$BABA
$JD
$HD
$LOW
$TGT
$SE
$NIU
$BJ
$AAP
$DLPN
$TJX
$ADI
$DE
$FL
$KSS
$DQ
$PDD
$GDS
$ECC
$BEST
$CTK
$EL
$VIPS
$SNPS
$A
$ROST
$QIWI
$LB
$LX
$AMCR
$CMCM
$LZB
$OPRA
$KEYS
$CREE
$GAN
$BZUN
$JKHY
$FN
$MLCO
$KC
$FUV
$SQM
Wall Street Week Ahead for the trading week beginning June 29th, 2020
Good Saturday afternoon to all of you here on StockMarket. I hope everyone on this sub made out pretty nicely in the market this past week, and is ready for the new trading week ahead.
Here is everything you need to know to get you ready for the trading week beginning June 29th, 2020.
Fragile economic recovery faces first big test with June jobs report in the week ahead - (Source)
The second half of 2020 is nearly here, and now it’s up to the economy to prove that the stock market was right about a sharp comeback in growth.
The first big test will be the June jobs report, out on Thursday instead of its usual Friday release due to the July 4 holiday. According to Refinitiv, economists expect 3 million jobs were created, after May’s surprise gain of 2.5 million payrolls beat forecasts by a whopping 10 million jobs.
“If it’s stronger, it will suggest that the improvement is quicker, and that’s kind of what we saw in May with better retail sales, confidence was coming back a little and auto sales were better,” said Kevin Cummins, chief U.S. economist at NatWest Markets.
The second quarter winds down in the week ahead as investors are hopeful about the recovery but warily eyeing rising cases of Covid-19 in a number of states.
Stocks were lower for the week, as markets reacted to rising cases in Texas, Florida and other states. Investors worry about the threat to the economic rebound as those states move to curb some activities. The S&P 500 is up more than 16% so far for the second quarter, and it is down nearly 7% for the year. Friday’s losses wiped out the last of the index’s June gains.
“I think the stock market is looking beyond the valley. It is expecting a V-shaped economic recovery and a solid 2021 earnings picture,” said Sam Stovall, chief investment strategist at CFRA. He expects large-cap company earnings to be up 30% next year, and small-cap profits to bounce back by 140%.
“I think the second half needs to be a ‘show me’ period, proving that our optimism was justified, and we’ll need to see continued improvement in the economic data, and I think we need to see upward revisions to earnings estimates,” Stovall said.
Liz Ann Sonders, chief investment strategist at Charles Schwab, said she expects the recovery will not be as smooth as some expect, particularly considering the resurgence of virus outbreaks in sunbelt states and California.
“Now as I watch what’s happening I think it’s more likely to be rolling Ws,” rather than a V, she said. “It’s not just predicated on a second wave. I’m not sure we ever exited the first wave.”
Even without actual state shutdowns, the virus could slow economic activity. “That doesn’t mean businesses won’t shut themselves down, or consumers won’t back down more,” she said.
Election ahead
In the second half of the year, the market should turn its attention to the election, but Sonders does not expect much reaction to it until after Labor Day. RealClearPolitics average of polls shows Democrat Joe Biden leading President Donald Trump by 10 percentage points, and the odds of a Democratic sweep have been rising.
Biden has said he would raise corporate taxes, and some strategists say a sweep would be bad for business, due to increased regulation and higher taxes. Trump is expected to continue using tariffs, which unsettles the market, though both candidates are expected to take a tough stance on China.
“If it looks like the Senate stays Republican than there’s less to worry about in terms of policy changes,” Sonders said. “I don’t think it’s ever as binary as some people think.”
Stovall said a quick study shows that in the four presidential election years back to 1960, where the first quarter was negative, and the second quarter positive, stocks made gains in the second half.
Those were 1960 when John Kennedy took office, 1968, when Richard Nixon won; 1980 when Ronald Reagan’s was elected to his first term; and 1992, the first win by Bill Clinton. Coincidentally, in all of those years, the opposing party gained control of the White House.
The stocks market’s strong second-quarter showing came after the Fed and Congress moved quickly to inject the economy with trillions in stimulus. That unlocked credit markets and triggered a stampede by companies to restructure or issue debt. About $2 trillion in fiscal spending was aimed at consumers and businesses, who were in sudden need of cash after the abrupt shutdown of the economy.
Fed Chairman Jerome Powell and Treasury Secretary Steven Mnuchin both testify before the House Financial Services Committee Tuesday on the response to the virus. That will be important as markets look ahead to another fiscal package from Congress this summer, which is expected to provide aid to states and local governments; extend some enhanced benefits for unemployment, and provide more support for businesses.
“So much of it is still so fluid. There are a bunch of fiscal items that are rolling off. There’s talk about another fiscal stimulus payment like they did last time with a $1,200 check,” said Cummins.
Strategists expect Congress to bicker about the size and content of the stimulus package but ultimately come to an agreement before enhanced unemployment benefits run out at the end of July. Cummins said state budgets begin a new year July 1, and states with a critical need for funds may have to start letting workers go, as they cut expenses.
The Trump administration has indicated the jobs report Thursday could help shape the fiscal package, depending on what it shows. The federal supplement to state unemployment benefits has been $600 a week, but there is opposition to extending that, and strategists expect it to be at least cut in half.
The unemployment rate is expected to fall to 12.2% from 13.3% in May. Cummins said he had expected 7.2 million jobs, well above the consensus, and an unemployment rate of 11.8%.
As of last week, nearly 20 million people were collecting state unemployment benefits, and millions more were collecting under a federal pandemic aid program.
“The magnitude here and whether it’s 3 million or 7 million is kind of hard to handicap to begin with,” Cummins said. Economists have preferred to look at unemployment claims as a better real time read of employment, but they now say those numbers could be impacted by slow reporting or double filing.
“There’s no clarity on how you define the unemployed in the Covid 19 environment,” said Chris Rupkey, chief financial economist at MUFG Union Bank. “If there’s 30 million people receiving insurance, unemployment should be above 20%.
When Will The Economy Recover?
The economy is moving in the right direction, as many economic data points are coming in substantially better than what the economists expected. From May job gains coming in more than 10 million higher than expected and retail sales soaring a record 18%, how quickly the economy is bouncing back has surprised nearly everyone.
“As good as the recent economic data has been, we want to make it clear, it could still take years for the economy to fully come back,” explained LPL Financial Senior Market Strategist Ryan Detrick. “Think of it like building a house. You get all the big stuff done early, then some of the small things take so much longer to finish; I’m looking at you crown molding.”
Here’s the hard truth; it might take years for all of the jobs that were lost to fully recover. In fact, during the 10 recessions since 1950, it took an average of 30 months for lost jobs to finally come back. As the LPL Chart of the Day shows, recoveries have taken much longer lately. In fact, it took four years for the jobs lost during the tech bubble recession of the early 2000s to come back and more than six years for all the jobs lost to come back after the Great Recession. Given many more jobs were lost during this recession, it could takes many years before all of them indeed come back.
The economy is going the right direction, and if there is no major second wave outbreak it could surprise to the upside. Importantly, this economic recovery will still be a long and bumpy road.
Nasdaq - Russell Spread Pulling the Rubber Band Tight
The Nasdaq has been outperforming every other US-based equity index over the last year, and nowhere has the disparity been wider than with small caps. The chart below compares the performance of the Nasdaq and Russell 2000 over the last 12 months. While the performance disparity is wide now, through last summer, the two indices were tracking each other nearly step for step. Then last fall, the Nasdaq started to steadily pull ahead before really separating itself in the bounce off the March lows. Just to illustrate how wide the gap between the two indices has become, over the last six months, the Nasdaq is up 11.9% compared to a decline of 15.8% for the Russell 2000. That's wide!
In order to put the recent performance disparity between the two indices into perspective, the chart below shows the rolling six-month performance spread between the two indices going back to 1980. With a current spread of 27.7 percentage points, the gap between the two indices hasn't been this wide since the days of the dot-com boom. Back in February 2000, the spread between the two indices widened out to more than 50 percentage points. Not only was that period extreme, but ten months before that extreme reading, the spread also widened out to more than 51 percentage points. The current spread is wide, but with two separate periods in 1999 and 2000 where the performance gap between the two indices was nearly double the current level, that was a period where the Nasdaq REALLY outperformed small caps.
To illustrate the magnitude of the Nasdaq's outperformance over the Russell 2000 from late 1998 through early 2000, the chart below shows the performance of the two indices beginning in October 1998. From that point right on through March of 2000 when the Nasdaq peaked, the Nasdaq rallied more than 200% compared to the Russell 2000 which was up a relatively meager 64%. In any other environment, a 64% gain in less than a year and a half would be excellent, but when it was under the shadow of the surging Nasdaq, it seemed like a pittance.
Share Price Performance
The US equity market made its most recent peak on June 8th. From the March 23rd low through June 8th, the average stock in the large-cap Russell 1,000 was up more than 65%! Since June 8th, the average stock in the index is down more than 11%. Below we have broken the index into deciles (10 groups of 100 stocks each) based on simple share price as of June 8th. Decile 1 (marked "Highest" in the chart) contains the 10% of stocks with the highest share prices. Decile 10 (marked "Lowest" in the chart) contains the 10% of stocks with the lowest share prices. As shown, the highest priced decile of stocks are down an average of just 4.8% since June 8th, while the lowest priced decile of stocks are down an average of 21.5%. It's pretty remarkable how performance gets weaker and weaker the lower the share price gets.
Nasdaq 2% Pullbacks From Record Highs
It's hard to believe that sentiment can change so fast in the market that one day investors and traders are bidding up stocks to record highs, but then the next day sell them so much that it takes the market down over 2%. That's exactly what happened not only in the last two days but also two weeks ago. While the 5% pullback from a record high back on June 10th took the Nasdaq back below its February high, this time around, the Nasdaq has been able to hold above those February highs.
In the entire history of the Nasdaq, there have only been 12 periods prior to this week where the Nasdaq closed at an all-time high on one day but dropped more than 2% the next day. Those occurrences are highlighted in the table below along with the index's performance over the following week, month, three months, six months, and one year. We have also highlighted each occurrence that followed a prior one by less than three months in gray. What immediately stands out in the table is how much gray shading there is. In other words, these types of events tend to happen in bunches, and if you count the original occurrence in each of the bunches, the only two occurrences that didn't come within three months of another occurrence (either before or after) were July 1986 and May 2017.
In terms of market performance following prior occurrences, the Nasdaq's average and median returns were generally below average, but there is a pretty big caveat. While the average one-year performance was a gain of 1.0% and a decline of 23.6% on a median basis, the six occurrences that came between December 1999 and March 2000 all essentially cover the same period (which was very bad) and skew the results. Likewise, the three occurrences in the two-month stretch from late November 1998 through January 1999 where the Nasdaq saw strong gains also involves a degree of double-counting. As a result of these performances at either end of the extreme, it's hard to draw any trends from the prior occurrences except to say that they are typically followed by big moves in either direction. The only time the Nasdaq wasn't either 20% higher or lower one year later was in 1986.
Christmas in July: NASDAQ’s Mid-Year Rally
In the mid-1980s the market began to evolve into a tech-driven market and the market’s focus in early summer shifted to the outlook for second quarter earnings of technology companies. Over the last three trading days of June and the first nine trading days in July, NASDAQ typically enjoys a rally. This 12-day run has been up 27 of the past 35 years with an average historical gain of 2.5%. This year the rally may have begun a day early, today and could last until on or around July 14.
After the bursting of the tech bubble in 2000, NASDAQ’s mid-year rally had a spotty track record from 2002 until 2009 with three appearances and five no-shows in those years. However, it has been quite solid over the last ten years, up nine times with a single mild 0.1% loss in 2015. Last year, NASDAQ advanced a solid 4.6% during the 12-day span.
Tech Historically Leads Market Higher Until Q3 of Election Years
As of yesterday’s close DJIA was down 8.8% year-to-date. S&P 500 was down 3.5% and NASDAQ was up 12.1%. Compared to the typical election year, DJIA and S&P 500 are below historical average performance while NASDAQ is above average. However this year has not been a typical election year. Due to the covid-19, the market suffered the damage of the shortest bear market on record and a new bull market all before the first half of the year has come to an end.
In the surrounding Seasonal Patten Charts of DJIA, S&P 500 and NASDAQ, we compare 2020 (as of yesterday’s close) to All Years and Election Years. This year’s performance has been plotted on the right vertical axis in each chart. This year certainly has been unlike any other however some notable observations can be made. For DJIA and S&P 500, January, February and approximately half of March have historically been weak, on average, in election years. This year the bear market ended on March 23. Following those past weak starts, DJIA and S&P 500 historically enjoyed strength lasting into September before experiencing any significant pullback followed by a nice yearend rally. NASDAQ’s election year pattern differs somewhat with six fewer years of data, but it does hint to a possible late Q3 peak.
STOCK MARKET VIDEO: Stock Market Analysis Video for Week Ending June 26th, 2020
(CLICK HERE FOR THE YOUTUBE VIDEO!
$MU
$GIS
$CAG
$STZ
$CPRI
$XYF
$AYI
$MEI
$UNF
$CDMO
$SCHN
$LNN
$CULP
$XELA
$KFY
$RTIX
$JRSH
(CLICK HERE FOR MOST NOTABLE EARNINGS RELEASES FOR THE NEXT 4 WEEKS!)
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Micron Technology, Inc. $48.49
Micron Technology, Inc. (MU) is confirmed to report earnings at approximately 4:00 PM ET on Monday, June 29, 2020. The consensus earnings estimate is $0.71 per share on revenue of $5.27 billion and the Earnings Whisper ® number is $0.70 per share. Investor sentiment going into the company's earnings release has 71% expecting an earnings beat The company's guidance was for earnings of $0.40 to $0.70 per share. Consensus estimates are for earnings to decline year-over-year by 29.00% with revenue increasing by 10.07%. Short interest has increased by 7.6% since the company's last earnings release while the stock has drifted higher by 8.0% from its open following the earnings release to be 0.9% below its 200 day moving average of $48.94. Overall earnings estimates have been revised lower since the company's last earnings release. On Thursday, June 11, 2020 there was some notable buying of 46,037 contracts of the $60.00 call expiring on Friday, July 17, 2020. Option traders are pricing in a 4.6% move on earnings and the stock has averaged a 8.4% move in recent quarters.
General Mills, Inc. $59.21
General Mills, Inc. (GIS) is confirmed to report earnings at approximately 7:00 AM ET on Wednesday, July 1, 2020. The consensus earnings estimate is $1.04 per share on revenue of $4.89 billion and the Earnings Whisper ® number is $1.10 per share. Investor sentiment going into the company's earnings release has 69% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 25.30% with revenue increasing by 17.50%. Short interest has decreased by 9.4% since the company's last earnings release while the stock has drifted higher by 2.7% from its open following the earnings release to be 7.8% above its 200 day moving average of $54.91. Overall earnings estimates have been revised higher since the company's last earnings release. On Wednesday, June 24, 2020 there was some notable buying of 8,573 contracts of the $60.00 call expiring on Friday, July 17, 2020. Option traders are pricing in a 6.6% move on earnings and the stock has averaged a 3.0% move in recent quarters.
FedEx Corp. (FDX) is confirmed to report earnings at approximately 4:00 PM ET on Tuesday, June 30, 2020. The consensus earnings estimate is $1.42 per share on revenue of $16.31 billion and the Earnings Whisper ® number is $1.65 per share. Investor sentiment going into the company's earnings release has 61% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 71.66% with revenue decreasing by 8.41%. Short interest has increased by 10.4% since the company's last earnings release while the stock has drifted higher by 43.9% from its open following the earnings release to be 7.6% below its 200 day moving average of $140.75. Overall earnings estimates have been revised lower since the company's last earnings release. On Thursday, June 25, 2020 there was some notable buying of 1,768 contracts of the $145.00 call expiring on Thursday, July 2, 2020. Option traders are pricing in a 4.6% move on earnings and the stock has averaged a 7.7% move in recent quarters.
Conagra Brands, Inc. $32.64
Conagra Brands, Inc. (CAG) is confirmed to report earnings at approximately 7:30 AM ET on Tuesday, June 30, 2020. The consensus earnings estimate is $0.66 per share on revenue of $3.24 billion and the Earnings Whisper ® number is $0.69 per share. Investor sentiment going into the company's earnings release has 66% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 83.33% with revenue increasing by 23.99%. Short interest has decreased by 38.3% since the company's last earnings release while the stock has drifted higher by 6.3% from its open following the earnings release to be 6.4% above its 200 day moving average of $30.68. Overall earnings estimates have been revised higher since the company's last earnings release. On Thursday, June 11, 2020 there was some notable buying of 3,239 contracts of the $29.00 put expiring on Thursday, July 2, 2020. Option traders are pricing in a 4.7% move on earnings and the stock has averaged a 10.8% move in recent quarters.
Constellation Brands, Inc. $168.99
Constellation Brands, Inc. (STZ) is confirmed to report earnings at approximately 7:30 AM ET on Wednesday, July 1, 2020. The consensus earnings estimate is $1.91 per share on revenue of $1.97 billion and the Earnings Whisper ® number is $2.12 per share. Investor sentiment going into the company's earnings release has 53% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 13.57% with revenue decreasing by 13.69%. Short interest has increased by 20.8% since the company's last earnings release while the stock has drifted higher by 25.2% from its open following the earnings release to be 5.2% below its 200 day moving average of $178.34. Overall earnings estimates have been revised lower since the company's last earnings release. On Tuesday, June 9, 2020 there was some notable buying of 888 contracts of the $195.00 call expiring on Friday, October 16, 2020. Option traders are pricing in a 3.1% move on earnings and the stock has averaged a 5.7% move in recent quarters.
Capri Holdings Limited $14.37
Capri Holdings Limited (CPRI) is confirmed to report earnings at approximately 6:30 AM ET on Wednesday, July 1, 2020. The consensus earnings estimate is $0.32 per share on revenue of $1.18 billion and the Earnings Whisper ® number is $0.34 per share. Investor sentiment going into the company's earnings release has 39% expecting an earnings beat The company's guidance was for earnings of $0.68 to $0.73 per share. Consensus estimates are for earnings to decline year-over-year by 49.21% with revenue decreasing by 12.20%. Short interest has increased by 35.1% since the company's last earnings release while the stock has drifted lower by 56.7% from its open following the earnings release to be 44.0% below its 200 day moving average of $25.67. Overall earnings estimates have been revised lower since the company's last earnings release. On Thursday, June 4, 2020 there was some notable buying of 11,042 contracts of the $17.50 put expiring on Friday, August 21, 2020. Option traders are pricing in a 10.8% move on earnings and the stock has averaged a 6.7% move in recent quarters.
X Financial $0.92
X Financial (XYF) is confirmed to report earnings at approximately 5:00 PM ET on Tuesday, June 30, 2020. The consensus earnings estimate is $0.09 per share. Investor sentiment going into the company's earnings release has 25% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 55.00% with revenue increasing by 763.52%. Short interest has increased by 1.0% since the company's last earnings release while the stock has drifted lower by 1.2% from its open following the earnings release to be 37.7% below its 200 day moving average of $1.47. Overall earnings estimates have been unchanged since the company's last earnings release. The stock has averaged a 4.9% move on earnings in recent quarters.
Acuity Brands, Inc. $84.45
Acuity Brands, Inc. (AYI) is confirmed to report earnings at approximately 8:40 AM ET on Tuesday, June 30, 2020. The consensus earnings estimate is $1.14 per share on revenue of $809.25 million and the Earnings Whisper ® number is $1.09 per share. Investor sentiment going into the company's earnings release has 42% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 51.90% with revenue decreasing by 14.60%. Short interest has increased by 48.5% since the company's last earnings release while the stock has drifted higher by 2.4% from its open following the earnings release to be 23.4% below its 200 day moving average of $110.25. Overall earnings estimates have been revised lower since the company's last earnings release. Option traders are pricing in a 9.2% move on earnings and the stock has averaged a 8.2% move in recent quarters.
Methode Electronics, Inc. $30.02
Methode Electronics, Inc. (MEI) is confirmed to report earnings at approximately 7:00 AM ET on Tuesday, June 30, 2020. The consensus earnings estimate is $0.77 per share on revenue of $211.39 million. Investor sentiment going into the company's earnings release has 45% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 24.19% with revenue decreasing by 20.53%. Short interest has increased by 6.2% since the company's last earnings release while the stock has drifted lower by 1.7% from its open following the earnings release to be 9.0% below its 200 day moving average of $32.97. Overall earnings estimates have been revised lower since the company's last earnings release. Option traders are pricing in a 18.4% move on earnings and the stock has averaged a 8.1% move in recent quarters.
UniFirst Corporation $170.54
UniFirst Corporation (UNF) is confirmed to report earnings at approximately 8:00 AM ET on Wednesday, July 1, 2020. The consensus earnings estimate is $1.17 per share on revenue of $378.28 million and the Earnings Whisper ® number is $1.25 per share. Investor sentiment going into the company's earnings release has 44% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 52.44% with revenue decreasing by 16.63%. Short interest has decreased by 2.7% since the company's last earnings release while the stock has drifted higher by 14.1% from its open following the earnings release to be 8.4% below its 200 day moving average of $186.14. Overall earnings estimates have been revised lower since the company's last earnings release. The stock has averaged a 7.0% move on earnings in recent quarters.
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BIOCORE: Conservation and restoration of fragmented biodiversity hot spots: Calcareous grasslands of South-Belgium
http://www.agr.kuleuven.ac.be/lbh/lbnl/biocore/
One of the most species rich plant communities in the world at a small scale are calcareous grasslands (up to 50 plant species/m²). Moreover, a very high arthropod diversity is associated with this extraordinary plant species richness. These grasslands were once widespread in the hilly calcareous regions of Western Europe but due to changes in agricultural use (i.e., abandonment of grazing by sheep and cattle and/or fertilisation) their extent has decreased dramatically. In Belgium, the calcareous grasslands of the Viroin valley are the country's most species rich ecosystem and they can be described as so called biodiversity “hot spots”. As in the rest of Europe, since World War II, urbanisation, abandonment of grazing practice and fertilisation resulted in a dramatic decrease of the grassland area and an increase of the isolation of the remaining grassland fragments.
Fragmentation is the process through which a formerly continuous habitat turns into patches of varying size, isolated from each other by hostile land. The habitat fragmentation process includes two important components: the reduction of the patch size of the resulting habitat fragments on the one side and the increasing spatial isolation of the different fragments from each other on the other. The result of the fragmentation process in the Viroin valley is a number of chalk grassland ‘islands’ in an ocean of hostile habitat consisting of woodland and intensively used agricultural land.
The major aim of the proposed research is to provide guidelines for the conservation and the remediation of the biodiversity of the system of fragmented calcareous grasslands of the Viroin Valley. We will focus on the conservation and restoration of plant species richness and of butterfly species richness. Plant species are the basic components of each ecosystem as they provide food and shelter for heterotrophic organisms. Butterflies were selected because they are relatively easy to study and they respond quickly to environmental changes and to changes in plant composition. Hence they are very suitable as indicator species.
The Viroin grasslands are worth studying not only because of their particularity as biodiversity “hot spots” but also because of their general representativeness as a fragmented ecosystem. Due to the unique spatial arrangement of the habitat fragments -up to 70 relatively homogeneous grassland fragments along a continuous gradient of size and isolation, located in an ocean of hostile cultivated or reforested land- the ecosystem studied can be considered an ‘open air laboratory’ extremely fit for the in situ study of the effects of habitat fragmentation on biodiversity. This will enable us to extend our methodological and our theoretical framework to other fragmented ecosystems.
We will study the effects of grassland fragmentation on the three primary descriptors of the community structure of plants and butterflies. This means that we will study the effects of fragmentation on 1) the species number of the fragments, 2) their community composition and 3) the performance of a selection of individual species. Most attention will go to the latter, i.e. the population level. The performance of individual species will be quantified by their demographics, population genetics and phenotypic fitness. Special attention will be paid to the integration of the plant and butterfly data. Secondly, using our insights in the ecological consequences of the habitat fragmentation process, we will provide clear guidelines to conserve the present biodiversity, especially with respect to minimal population sizes and the connectivity between habitat fragments. We will also provide a general methodological framework to deal with the remediation of habitat fragmentation.
The added value of this research project lays in the first place in the quite unique multidisciplinary approach of a representative fragmentation problem at the landscape scale. The close co-operation of molecular geneticists, plant ecologists and entomologists will generate an important added value. There is a growing consensus among scientists that the conservation of biodiversity requires an integrated approach covering the requirements of a large number of different species. The limited exchange of information between scientists is constraining successfully integrated conservation management.
This project will bridge the gap between the study of the effects on fragmentation on the one side and guidelines for remediation on the other.
Specific research results are:
• a serious step in the direction of the conservation and restoration of Belgium’s most important biodiversity hot spot;
• a methodological framework for studying the effects of fragmentation on species richness and population viability in a multidisciplinary way;
• an insight in how habitat fragmentation affects species richness through its effect on population viability;
• a practical toolbox (a decision aid tool) with guidelines to remediate habitat fragmentation and to restore biodiversity in fragmented habitats.
We have the ambition to publish our research results in international peer reviewed journals on the one side and in magazines that reach a broader audience of rural planners, policy makers and local nature conservation organisations on the other.
We have also built a publicly accessible web site where the results of the research can be accessed.
KULeuven-FNLR
Plant Ecology Team (co-ordination)
Most of the research at KULeuven-FNLR concerns the effects of forest fragmentation on forest plant species and focused on the species richness and species composition of these forest fragments and on the population dynamics of the plant populations. Also research concerning the ecological restoration of forests has been a major topic of the unit.
UCL-BDIV
Butterfly Genetics and Butterfly Ecology Team
Since 1994 the group has initiated a series of projects on the ecology and genetics of populations from different taxa. The general aim is to investigate which mechanisms are responsible for the adaptation of populations to selective pressures of a changing, heterogeneous environment. Research topics are: (1) which ecological and/or genetic processes determine the structures of local populations, (2) the importance of dispersal, (3) the relations between genetic diversity/effective size of populations and genetic differentiation/spatial isolation and (4) how individual quality affects population structure and functioning.
Plant Genetics Team
The section of applied plant biotechnology of the department of plant genetics and breeding has long-standing experience in the characterisation of complex plant populations using molecular markers. Our current research in this field focusses on the characterisation of breeding populations and wild relatives, on the conservation of natural plant populations and on variety identification. Molecular marker techniques such as AFLP, SSR, RFLP, CAPS and STS are currently used at those laboratories.
Website of the network: http://www.agr.kuleuven.ac.be/lbh/lbnl/biocore/
Olivier Honnay
Jan Butaye
Martin Hermy
Laboratorium voor Bos, Natuur en Landschap
Vital Decosterstraat 102
olivier.honnay@agr.kuleuven.ac.be
http://www.agr.kuleuven.ac.be
Michel Baguette
Sofie Vandewoestijne
Université Catholique de Louvain (UCL)
Centre de recherche sur la biodiversité (BDIV)
Unité d’écologie et de biogéographie (ECOL)
Biologie de la Conservation des Populations (BCOP)
4, Croix du sud
B-1348 Louvain-la-Neuve
michel.baguette@ucl.ac.be
www.ecol.ucl.ac.be/bcop
Department of Plant Genetics and Breeding (CLO-DvP)
www.clo.fgov.be
Dirk Maes - Institute for Nature Conservation
Pierre Gerard - Nature, Forest and Wood Research Centre
Jean-Pierre Collin - Parc Naturel Viroin Hermeton
Gregory Mahy – FSAGx - Laboratoire d'écologie
aflp, Anthyllis vulneraria, calcareous grasslands, community composition, habitat fragmentation, landscape ecology, population genetics, SPSD II, PODO II, PADD II, EV26
Baguette, Michel member 2003-01-01 2006-04-01
Vandewoestijne, Sofie member 2003-01-01 2006-04-01
Honnay, Olivier co-promotor 2002-02-01 2006-04-01
Butaye, Jan co-promotor 2002-02-01 2006-04-01
Hermy, Martin co-promotor 2002-02-01 2006-04-01
Plant Ecology and Nature Conservation leader 2002-02-01 2006-04-01
Réponse des espèces et des communautés aux mécanismes de l'environnement member 2003-01-01 2006-04-01
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It has become increasingly apparent the pain threshold of females and
It has become increasingly apparent the pain threshold of females and males varies in an estrogen dependent manner. h after the incision. Rats were either IV or IT given with: 17–estradiol (E2), G protein-coupled estrogen receptor (GPER)-selective agonist (G1), GPER-selective antagonist (G15) and E2 ITGB1 (G15 + E2), or solvent. Before and 30 min after IV drug administration and 20 min during the IT catheter AMG 073 administration, PWT was tested and recorded. 24 h after incisional surgery, the PWT of all rats significantly decreased. Both in the IV group and IT group: administration of E2 and G1 significantly decreased PWT. Neither administration of G15 + E2 nor solvent significantly changed PWT. Estrogen causes quick reduction in the mechanical pain threshold of OVX rats via GPER. (2006) showed that estrogen settings PKC-dependent mechanical hyperalgesia through direct action on nociceptive neurons [9]. Kuhn < 0.05; (B) The PWT of rats before and after the incisional surgery of the intravenously (IV) group ... 2.2. Intravenously (IV) Group 2.2.1. The Effect of 17--Estradiol (E2) Administration on PWTTwenty-four hours after incisional surgery, a high dose of AMG 073 E2 was given to the OVX rats through the caudal vein. The results showed a significant decrease in the PWT of the incisioned hind-paw within 30 min after the administration of the E2 compared with the solvent group (Table 1 and Number 2A). Number 2 (A) The PWT of rats before and 30 min after the administration of solvent and E2 through the caudal vein. The PWT fallen significantly 30 min after administration of E2. * < 0.05, compared with PWT before the administration; # < 0.05, ... 2.2.2. G Protein-Coupled Estrogen Receptor (GPER)-Selective Agonist (G1) Administration Ecreases PWTIn order to investigate the hypothesis that GPER was involved in the rapid action of estrogen, the GPER-selective agonist G1 was given. A single dose of G1 (3 g) was given to OVX rats in the same way as E2. There was a significant difference between the PWTs AMG 073 of the pre-injection and post-injection group (4.87 0.40 and 2.50 0.58 g, respectively; Number 2B, < 0.05; = 6). 2.2.3. The Effect of 17--Estradiol (E2) + GPER-Selective Antagonist (G15) Administration on PWTTo substantiate the finding that the estrogen receptor (ER) GPER mediates the above rapid effect of estrogen on pain modulation, whether G15, a GPER-selective antagonist, could block the effect of E2 was investigated. Three minutes after the administration of E2, a single dose of G15 (E2:G15 = 1:7.4) was administered to the rats via the caudal vein. There was no significant difference between before drug administration and 30 min after the administration of E2 + G15 (Table 1 and Number 2C). 2.3. Intrathecal (IT) Group 2.3.1. The Effect of E2 Administration on PWTTwenty-four hours after incisional surgery, OVX rats were given with E2 through the intrathecal catheter. The PWT round the wound decreased signficiantly from 5.10 0.56 to 1 1.98 0.36 g (= 0.009) within 20 min. Administration of the solvent decreased the PWT from 5.10 0.63 to 5.05 0.61 g. The results showed that there was a significant decrease in the PWT of the incisioned hind-paw within 20 min after the administration of the E2 compared with the solvent group (Number 3A). Number 3 (A) The PWT of rats before and 20 min after the administration of solvent and E2 through intrathecal catheter. The PWT fallen significantly 30min after E2 adminisctration. * < 0.05, compared with the PWT before the administration; # < ... 2.3.2. G1 Administration Decreases PWTTwenty-four hours after the incisional surgery, OVX rats were given G1 through the intrathecal catheter. The PWT round the wound decreased significantly from 4.30 0.88 to 2.25 0.42 g within 20 min (Table 1 and Number 3B). 2.3.3. The Effect of E2 + G15 Administration on PWTTwenty-four hours after incisional surgery, OVX rats were given with G15 + E2 through the intrathecal catheter. The PWT round the wound decreased, however this decrease was not significant. There was no significant difference between the E2 + G15 group and the solvent group (Table 1 and Number 3C). 2.4. Conversation The present study aimed to identify the molecular signaling pathways involved in the estrogen-related rules of pain. Previous studies have shown that estrogen can influence pain behavior in.
Tagged on: AMG 073 ITGB1
Krin Nguyen July 25, 2017 General No Comments
← Objective: In this study, we screened the different human osteosarcoma cell
Purpose and Background We hypothesized that the likelihood of reperfusion could →
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New Products, PAR Author
PAR is delighted to announce the release of the new Self-Directed Search® (SDS®), 5th Edition, by John L. Holland, PhD, and Melissa A. Messer, MHS.
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Like its predecessors, the SDS 5th Edition is based on Holland’s theory that both people and work environments can be classified according to six basic types: Realistic, Investigative, Artistic, Social, Enterprising, and Conventional (known collectively as RIASEC). The SDS asks questions about the user’s aspirations, activities, competencies, and interest in different occupations, and from the responses it generates a three-letter Summary Code. Using the revised Occupations Finder, users can match their Summary Codes to jobs in the Occupational Information Network (O*NET) database, which lists thousands of current jobs at all skill and education levels.
No special training or qualifications are needed with the SDS; it is designed to be self-administered, self-scored, and self-interpreted. The SDS can be taken on the internet, with paper and pencil, or via PARiConnect, PAR’s new online assessment system.
The SDS Web site has also been updated with new resources targeted to specific groups and a contemporary, easy-to-navigate user interface. The newly revised report includes an “at-a-glance” summary, and users can share their results via Facebook, Twitter, LinkedIn, and more. The SDS 5th Edition is designed to work on mobile devices and tablets.
To learn more about the SDS 5th Edition or any of PAR’s other career or vocational products, visit www.parinc.com or call 1.800.331.8378.
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assessment, authors, career interest inventory, John Holland, O*NET, Occupational Information Network, RIASEC, SDS, Self-Directed Search
Digital Versions of Your Favorite Manuals are Now Available from PAR
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July Catalog and New Products Available from PAR
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Home Cat Breeds
Although the exact origin of the Abyssinian cat still remains cloudy, available records indicate that development of the breed occurred in Britain. In 1929 it was a time that the breed was introduced in the USA and France.
American Bobtail
The American Bobtail is a great cat for long drives, truck drivers love them. They love to travel and learn to adapt to a family who travels. Yup if you love to travel, then this kitty will be right at home traveling right beside you.
This cat breed is nicely built, muscular, graceful, medium in size, characterized by quirky backward-curling ears. American Curls are bred in shorthaired and longhaired types. The Curl's coat can be absolutely different in color, from tortoiseshell to solid.
These cats were originally working cats that controlled rats, mice and other vermin on board ships and later in homesteads, farms and places of business. Since then these hardy, sociable cats have become popular domestic cat breeds.
The term Asian, as distinct from the Burmilla, Tiffany and Bombay, covers all those other colors and patterns arising from the original Burmilla breeding program. Sweet-natured and graceful, they are a popular addition to the Cat Fancy.
The Balinese Cat consists is a very unique breed. It is a highly intelligent creature that is available in two unique sub breeds - the apple head and the wedge head. In keeping with the appearance and the personality of this breed its history is rather interesting.
Bambino Cat
The Bambino Cat is a combination of a Munchkin and Hairless Sphinx. Its skin is very flexible and it feels kind of like a furry peach to the touch. It is a very affection cat and can't be left alone for long periods of time. It is a great all around family cat.
Bengal Cat
In the U.S. in the 1960s a domestic shorthair female cat and a male Asian Leopard Cat, a small wild cat, were mated. The Bengal was difficult to establish, as males from the first generation were infertile. By the 1980s early problems had been overcome.
Often described as the "sacred cat of Burma", the Birman is a unique breed with an interesting, albeit perhaps fabled, history. The whole look of this breed, with its deep blue eyes and distinctive white paws, is enchanting.
Bombay Cat
There are two distinct origins of this breed, developed on opposing sides of the Atlantic. In the U.S. the Bombay was the result of a planned mating in the late 1950s between a sable Burmese and a black American shorthair.
Jaguarundi
Western Diamondback Rattlesnake
Ragamuffin Cat
Ocicat
Japanese Bobtail
Maremma Sheepdog
Dogs Aren't Competing With Us
How To Have A Good Relationship and a Well-Mannered Dog
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