Dan Cohen AUTHOR The cost of construction projects needed to accommodate new aircraft and vehicles at a handful of Marine Corps bases is starting to add up. The defense authorization bill passed by the Senate last week includes $134 million to build new hangars and other infrastructure needed to support the first F-35 squadrons assigned to Marine Corps Air Station Cherry Point, N.C., reports Marine Corps Times. The measure authorizes $200 million in military construction funds for multiple projects at Camp Pendleton, Calif., including a maintenance facility to support replacement amphibious vehicles, a mess hall and a warehouse. Another high-cost initiative is readying Guam to house about 4,100 Marines moving from Okinawa. The Senate bill authorizes more than $340 million for joint Navy/Marine and Air Force projects on the island, including new ordnance storage, dining and housing facilities, and a machine gun range. Marine Corps photo by Lance Cpl. Alexia Lythos
If you have a fragrance fetish, here is some good news. Delhi Tourism, in association with Government of Delhi and Incredible India, is back with the third Itra and Sugandhi Mela to entice Delhiites with the power of fragrances.The Mela has a lot in store for all. On display are the most unique and extraordinary itra, agarbattis, scented candles, perfumes, room fresheners and many other scented products available.Attar or itra is mainly produced in Kannauj in Uttar Pradesh. The origin of Also Read – ‘Playing Jojo was emotionally exhausting’ itra can be traced back to Kannauj, the city of itra and lithas. It is also produced in Hasain in Uttar Pradesh and Ganjam in Odisha, where rose and kewda itra and oil, in particular, are manufactured. Itra is marketed in large quantities in Lucknow, Hyderabad, Secunderabad, Delhi and Mumbai.Apart from the regular products for sale, there will be live demonstration on Panchkarma, lectures on perfumery and aromatherapy, perfume making on the spot. Visitors will also witness live demonstration on the art and science behind the process of rose water distillation and live demonstration of shave with natural aroma.Visitors will also get to see and learn how agarbattis and dhoopbattis are actually made. The art of making handmade leather bottle (Kuppi) will also be put up. Apart from these, there will be quiz shows for children and competitions like slogan writing for both children and adults.Go for this one.DETAILAt: Dilli Haat, Pitampura When: 1-3 March Timings: 11 am- 9 pm
The Grub Fest has continued to evolve over the years and it is back and better than ever for 2018. Delhiites will get a chance to savour and sample a variety of food as the biggest epicurean extravaganza of the country – Grub Fest, inspired by international events like Taste of London, returns to New Delhi from October 26-28. With more than 100 exhibitors bringing the most quintessential tastes from across the country, the 15th edition promises to take food mania a notch higher, as food enthusiasts prepare to dive head first into this divine culinary coma. Also Read – Add new books to your shelfThe three-day carnival which poses to be a one-stop destination for all types of gastronomes will embrace Lebanese, European, Asian, Italian, Mexican, Oriental, Japanese and a host of world cuisines on the specially curated ‘Grub Menu’. This is one family-friendly festival that should be on your calendar—with food, music, performances, stalls, games and more, it promises to be a day out to remember. Ticket prices start INR 299/- while the event is held from 12pm to 10pm.
A 120-ton space shuttle is waiting to be launched. There’s no human sitting in the control center, waiting to push the button that would launch the space shuttle. Instead, it’s the software that gives order to four identical machines onboard the space shuttle that pulls information from thousands of sensors and make hundreds of millisecond decisions.This software is bug-free, doesn’t crash and doesn’t need to be rebooted, as reported by FastCompany. It even goes onto calling the software perfect — as perfect as human beings have achieved. The last three versions of the 420,000-line program had just one error each.Related: Nine Tools for Building Your Own Mobile App If the software has bugs, people die. Period. The software was maintained by a group of 260 women and men working day in and day out to ensure the software delivers what it’s supposed to and ensure that no one dies.So coming to the question: Can a human being write bug-free applications? The technical answer is yes. The practical answer, on the other hand, is not so much. The reason behind this is that it’s just not economically viable, unless you’re building a life- or mission-critical application.To understand why it’s unrealistic to expect bug-free applications or software development, let’s understand how the software behaves. A piece of software or an application does not run in isolation on a perfect device or system. It has dependencies of the platform that are out of its control and the existence of libraries makes it even more complex.If you want your application to be bug free, then you need to also ensure that every library you utilize is also completely bug free — which is simply possible when you’re relying on a third-party for this. Speaking of third-party, even the slightest of complexities in an application triggers the integration of a third-party application program interface– again, an external reliance with no control. Related: 8 Ingredients Every App and Software Business Plan NeedsIn his latest book, Art of the Start 2.0, Guy Kawasaki writes, “Good enough is good enough. There is time for refinement later. It’s not how great you start — it’s how great you end up.” It’s a good thought when you’re building your product company ground up. Ask any successful tech product entrepreneur, and they’ll tell you how buggy their mobile or web app was in the initial days.Accounting for every single use case in the initial days of your product is tedious and can take your mind off other important things — like product validation. Your best bet would be to factor in the typical use cases as imagined and ensure those are bug free.Bugs are only bugs when they are reported. So here’s how you should approach your first or your next application development project.1. Expecting your developers to write bug-free code should not be the goal. Rather, focus on giving your early adopters a functional product that can solve their problems.2. Many bugs are raised simply due to a shortfall in what the software does and what the end user is expecting. This can easily be resolved by insisting on creating a detailed functional specifications (FS) document before a single line of code is written. Here’s a sample FS Document for reference.The FastCompany article further reports that at the on-board shuttle group, about one-third of the process of writing software happens before anyone writes a line of code.3. Most programmers across development firms don’t do unit testing and wouldn’t even know how to do that, which means that as a company you would have to hire more expensive ones.4. Considering all costs and decide for yourself what matters most– inexpensive software that works well 99 percent of the time or an expensive one which works well 100 percent of the time. Also, you want to go live with this application now, not in ten or twenty years. Related: One Man’s Software Background Makes Manufacturing Hardware Easy October 22, 2015 4 min read Opinions expressed by Entrepreneur contributors are their own. Free Webinar | Sept. 9: The Entrepreneur’s Playbook for Going Global Growing a business sometimes requires thinking outside the box. Register Now »
August 18, 1999Dirk sanding and repainting the molding boxes for the Foundry.
Despite the happy surprise in the COT for gold yesterday, I am getting concerned about the Commercial short position in silver.The gold price did approximately nothing during the Friday trading day…at least not until shortly before the equity markets opened in New York at 9:30 a.m. At that point, not-for-profit sellers took it upon themselves to knock $15 off the price going into the London p.m. gold fix at 10:00 a.m. Eastern time.From there, the gold price recovered a bit, only to get sold down again, with the low of the day [$1,716.40 spot] coming shortly after 11:00 a.m. in New York. Then the gold price rallied a few dollars until the Comex trading session closed at 1:30 p.m…and from that point on, gold flat-lined during the electronic trading session that followed. From it’s New York high to its New York low, gold got sold off about twenty-one dollars.Gold closed at $1,723.80 spot…down five bucks on the day. Net volume was very light…around 104,000 contracts.Silver’s price path was virtually identical. Like gold, silver had a brief spike to its high of the day…$33.80 spot…at 8:30 a.m. Eastern time, but got hit immediately…and then, at the same time as gold, the silver price got sold off, with the low of the day [$32.97 spot] coming sometime between 11:30 a.m. and 12:30 p.m. in New York.The subsequent…and very tiny rally…ended at the Comex close…and silver, too, traded sideways for the rest of the session. From its New York high to its New York low, silver got sold off about 83 cents, or 2.46%. Silver closed at $33.28 spot…down 24 cents on the day. Net volume was also pretty light…around 29,000 contracts.Here’s the New York Spot Silver [Bid] chart on its own. Note the 8:30 a.m. price spike to $33.80 spot…which got smacked in a heartbeat. Gold had a similar spike at the very same moment, but not as big. It’s hard to pick out the exact bottom tick…but it looks like a few minutes past high noon in New York to me.If you examine Kitco’s 24-hour chart above against this New York chart below, you can see just how much fine detail gets lost when looking at the big picture chart on its own.The dollar index didn’t do much…although it did decline 25 basis points right up until 9:30 a.m. Eastern time…and then in the space of forty minutes gained it all back…and closed unchanged from Thursday.The sell-off in both gold and silver started about ten minutes before the dollars index’s little 25 basis points rally began at 9:30 a.m…and the sell-off in both metals continued long after the 30-minute dollar index rally ended, which was just minutes after 10:00 a.m. Eastern.It all looked a little too contrived for my liking…but as I’ve said on several occasions, maybe I’m looking for black bears in dark rooms that aren’t there. I’ll leave it up to you to draw your own conclusions…and I have more to say about this in ‘The Wrap’ further down.The gold stocks opened in positive territory, but that didn’t last long, as the sell off in gold that had begun just ten minutes before the equity markets opened, soon turned the metal price and their associated shares into negative territory…and that was it for the day. The stocks pretty much followed the lead of the gold price itself…and the HUI closed down 1.24%…giving up half of its Thursday gains.The silver stocks finished mixed…and Nick Laird’s Silver Sentiment index closed down 1.05%.(Click on image to enlarge)The CME Daily Delivery Report showed that only 1 gold and 57 silver contracts were posted for delivery on Wednesday. It was the same threesome in silver as usual…Jefferies as the short/issuer…and the Bank of Nova Scotia and JPMorgan as the long/stoppers. The link to this action is here.There were no reported changes in either GLD or SLV on Friday…and no sales report from the U.S. Mint, either.Over at the Comex-approved depositories on Thursday, they reported receiving only 7,491 ounces of silver…and shipped 329,691 troy ounces out the door.The Commitment of Traders Report, for positions held at the close of trading on Valentine’s Day, was a bit of a surprise…and both Ted Butler and myself were trying to sort out what it really meant during our daily phone conversation yesterday.Despite the fact that there was virtually no price movement in silver during the reporting week, the Commercial net short position rose by another 2,660 contracts, which translates into 13.3 million ounces of silver. The total Commercial net short position now sits at 186.6 million ounces of silver…up over 105 million ounces from its late December low. I was not happy to see this…and neither was Ted. He said that the small commercial traders sold another 1,600 of their long positions…and JPMorgan went short another 1,400 contracts.JPMorgan, all by itself, now appears to hold a short position of more than 25% of the entire Comex futures market in silver.If silver’s COT numbers were a surprise…the gold numbers were a surprise in the other direction. The Commercial net short position in gold declined by a very chunky 11,664 contracts, or 1.16 million ounces. Like silver, the gold price did very little during the reporting week.Why the dichotomy between the metals? Beats me. Off the top of his head, Ted couldn’t make any sense out of it either…but maybe he’ll have an answer in his weekend report, which he’ll be sending out to his paying subscribers later today. If he does, I’ll steal it…and post it in my next column.Here’s a chart that some kind reader sent me about a week ago. It’s been posted on my desktop for so long, I’ve forgotten who sent it to me. The graph is self-explanatory.I have the usual number of stories…and quite a number of them I’ve been saving for Saturday’s column because of content or length. They’re definitely worth the read, so I hope you have time to spend on them over the weekend.I think that the current financial system, as we know it, will be totally destroyed, probably sooner rather than later. The next system will require gold backing to have any legitimacy. This has happened many times in history. – John Embry, Sprott Asset ManagementI have a couple of ‘blasts from the past’ for you today. The first one popped into my head earlier this week. If any song is instantly identifiable with Paris in particular…and France in general…it’s this one. Written in 1951 by French composer and lyricist, Hubert Giraud, it’s instantly recognizable by anyone pushing 60…or older. I have two youtube.com versions for you. Listen to both and then decide which one you like the best. Arrangement #1 is here…and #2 is here.My second’blast from the past’ was written by the same French composer in 1970. He conceived the song in his car waiting out a Parisian traffic jam…and completed its demo within a few days. It went on to be a world-wide hit in 1971/72. My jaw hit the floor when I made this discovery, because I used to play the 45 rpm recording of this on AM radio station CHAR in Alert, N.W.T. back in 1972/73! I hope you’ll be amazed as well…and the link to the group that made it a hit is here.I must admit that I wasn’t overly surprised atFriday’s price action. The 8:30 a.m. Eastern time pop in both gold and silver was indicative of how gold and silver prices want to behave if given a free market to roam in…and that certainly wasn’t the case yesterday. Shortly before the equity markets opened, the selling pressure was on…and ‘da boyz’ took both metals lower on the day.Here’s Nick Laird’s “IntradayAverage Gold Price Movements” chart that he made up at my request a couple of years back. Note that the absolute high price tick of the day on this chart occurs at precisely 9:30 a.m. Eastern time…the time when the equity markets open in New York. The four years worth of data in this chart lays bare the primary trend for all to see. This ain’t rocket science, dear reader…it’s price management.(Click on image to enlarge)So the 9:20 a.m. price take-down in gold and silver yesterdaywas just ‘da boyz’ doing what they have always done.Despite the happy surprise in the COT for gold yesterday, I am getting concerned about the Commercial short position in silver. True, we are nowhere near the extreme short positions of the past, but that doesn’t negate the possibility that JPMorgan et al will pull the lever and ring the cash register sometime during the days or weeks ahead.Silver analyst Ted Butler pointed out last weekendthat we could still have major rallies in both metals based on the current COT structure…and he’s absolutely right about that as well.But which scenario is going to play outin the short, medium, or long term? Beats me. However, any pull-back in prices is just going to be another buying opportunity in my eyes.Before signing off on today’s column, I continue to point out that there’s still timeto either re-adjust your portfolio, or get fully invested in the continuing major up-leg of this bull market in both silver and gold…and I respectfully suggest that you take a trial subscription to either Casey Research’s International Speculator [junior gold and silver exploration companies], or BIG GOLD [large producers], with all our best [and current] recommendations…as well as the archives. A subscription to the International Speculator also includes a free subscription to BIG GOLD as well. And don’t forget that our 90-day guarantee of satisfaction is in effect for both publications.That’s it for the day and the week. Monday is President’s Day in the U.S.A. I’m not sure if the precious metals markets will be open or not…and IF I do have a column on Tuesday, it won’t be in your mail-box early in the morning, as I see no reason to get sweet, young, tender Juli out of bed early on a holiday…so she can post it whenever she gets up. And if nothing shows up on Tuesday, then you’ll know the reason. Sponsor Advertisement Tosca Mining Corporation’s goal is to acquire advanced stage projects that can be placed into production quickly. The company’s primary asset is the Red Hills Molybdenum/Copper project located in Presidio County, Texas. A program to confirm, and expand the considerable size and potential of the project and evaluate various economic scenarios was completed in 2011. Tosca recently received results from the 13 remaining holes from its phase two, 16,000 M (4,873 m) diamond drill program. Per Tosca’s Chairman, Dr. Sadek El-Alfy, “the drill program has successfully verified historic drill results of the shallow Copper-Molybdenum cap and confirmed the presence of a deeper, well mineralized Molybdenum Porphyry deposit.” The results of 21 holes drilled through the copper/moly cap in Tosca’s 2011 drill program give a weighted average grade of 0.39 % Cu over a core length of 113 feet (34.5 m). Since the copper cap is subhorizontal, the average core length can be interpreted as being approximately equivalent to true width. The copper/moly cap is crescent shaped, approximately 4,000 feet (1220 metres) long and 400 feet (122 m) to 1000 feet (305 m) wide.The 2011 program encountered numerous thick Molybdenum mineralized intervals including Hole TMC-25 wich intersected 1,189 feet (362.4 m) averaging 0.089 per cent Mo including 830 feet (253 m) of 0.1 per cent Mo from 359 feet (109.8 m) to the bottom of the hole. 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With Fed Chairman Ben Bernanke giving what may be his last testimony before the House Financial Services Committee, Congresspeople on both sides of the aisle poured their hearts out to Bernanke for his “service.” In this Bernanke love-fest, he was repeatedly thanked for saving the economy from an even worse fate than what has transpired so far. Irony abounded in the questions following the compliments, however. One second, Committee members are praising him for doing a good job and the next, they’re asking him to do something about the exceptionally high rate of unemployment. In the hearing, Bernanke didn’t reveal much new information… and apparently the new class of aides on Capitol Hill is a poor one, as the pre-written questions hardly challenged the Fed chairman. Much of the hearing was wasted with questions which allowed Bernanke to repeat his opinions about the negative effects of the sequester. Anybody who follows Fed policy closely already knows Bernanke’s response: he thinks it’s causing a drag on the economy. Aren’t you glad to hear some of our Congressional representatives waste question time with the most powerful monetary authority in the world to score a few cheap political points? Other members of Congress used this valuable time to inquire about the economic effects of the immigration bill. Sure, that’s an important topic, but it’s only peripherally related to the country’s interest rate policy. After hearing the over three hours of testimony, I could only identify two pieces of information that are relevant to an investor’s decision-making process. First, Bernanke gave us a much clearer picture of when he plans to taper. In the past, we’ve been told that interest rates will be pulled up when the unemployment rate is around 6.5% and inflation is near 2%. Now, we’re getting some metrics on tapering asset purchases as well. According to Bernanke, asset purchases could taper later this year, if inflation is around 2% and unemployment is around 7%. When interest rates rose in recent months, many investors speculated that tapering could come as early as September. But with the unemployment rate at 7.6%, there’s almost no way to meet Bernanke’s metric of 7% in that short period of time. So, if he does taper the Fed’s asset purchases, I would foresee it beginning near November or December—if at all this year. The market had become overly concerned, and as a result, Bernanke gave it some clarity. Here’s the contradictory part: Though Bernanke gave this guidance, he kept saying that there’s no set plan on policy. It can change with economic conditions and circumstances. The Fed will stay accommodative as long as it needs to. So on one hand, he’s giving precise numbers like 6.5% and 7% unemployment, and on the other hand, his message seems to be, “Don’t pay attention to those numbers too much. We’re just going to play it by ear.” Kind of confusing, in my opinion. Does the Fed want the market to pay attention to those metrics or not? The answer is probably somewhere in between. The Fed wants to set guidance, but doesn’t want the market to panic. While its intentions make sense, its statements are inherently contradictory in many ways. The other significant statement came after one Congressman decided not to waste his time to score political points. He asked a very simple but extremely important question about the recent rise in interest rates and what Fed was going to do about it. Bernanke responded by saying that it’s too early to tell. However, he said that his benchmark for evaluating whether the Fed needs to take action to lower interest rates again is the real estate market. For right now, real estate is still moving higher despite higher mortgage interest rates. However, if the real estate recovery falters, then the Fed will take action to push rates downward again. For investors, that means “watch real estate!,” because that’s what the Fed is watching. But it also tells us that the Fed is somewhat comfortable with the current rise in rates. If everything keeps moving smoothly, it’s not going to rock the boat and push rates back down. Some of the Fed’s announcements have lowered rates slightly, but we probably shouldn’t expect anything more than words in the short run. Again, not a whole lot from his statements this time around, but we do have two things to closely keep our eye on now—near 7% unemployment and faltering real estate prices—as two key trigger points.
Russell Hannigan, founder and chief executive of the new venture—called EarthNow—said real-time video will provide a leap beyond existing Earth observation satellites that provide still photos and video clips sometime after a user requests the images.”With EarthNow’s constellation of satellites, you will see events unfold as they happen,” he said. “We are excited by the prospect of giving everyone a stunningly beautiful, real-time window on your world from space.”No satellites have yet been built. EarthNow recently closed a first round of financing focused “primarily on maturing the overall system design.”Though the amount of funding was not disclosed, it includes investments and partnerships from an impressive list of satellite industry and tech-company heavyweights.EarthNow’s key partner is European aerospace giant Airbus, which proposes to mass-produce the satellites using production lines in Toulouse, France, and in Florida.Aside from Microsoft co-founder Gates and Son, also investing in EarthNow is Greg Wyler, founder and executive chairman of OneWeb, a large, still-nascent satellite venture that aims to provide broadband internet access globally and has attracted investment of nearly $2 billion.OneWeb’s initial fleet of nearly 900 satellites is also being built by Airbus.Son heads the Japanese conglomerate Softbank Group, which is also a financial backer of OneWeb.EarthNow’s satellites will be modified versions of the small, low-cost, high-performance models Airbus originally developed for OneWeb, which Hannigan in an interview called “the Model T of spacecraft.”The venture is affordable because Airbus and One- Web have figured out how to mass-produce these satellites at low cost, he said.While the OneWeb satellites will carry a payload of communications software and electronics hardware, EarthNow’s payload will be video-imaging software and optical hardware.Hannigan said the key to EarthNow’s technology is that each individual satellite in a constellation of hundreds will have enormous processing power on board.That means that though each satellite will collect colossal quantities of data—far too much to beam back to Earth in real time—the software will be able to process it all onboard and focus on sending back to Earth only that part of it the user wants to see.He said the system has been validated in a lab setting, though not yet in space.The company foresees initial business coming from government and large businesses.As examples of applications, Hannigan listed monitoring of illegal fishing in the oceans; a warning system that can spot forest fires as soon as they ignite; mapping and guiding traffic flows through a “smart city”; and real-time media reports of events happening in remote sites.But eventually, Hannigan said, the goal is to develop a service that consumers can access to observe what’s happening now on any part of the globe.”You should be able to look around, to pan and zoom and explore the world for yourself in real time,” he said. “That’s the ultimate goal.”The project was incubated by Intellectual Ventures, founded and led by Microsoft’s former chief technology officer, Nathan Myhrvold. His firm specializes in patenting technologies and bringing them to market.Hannigan said the company is for now still housed at the offices of Intellectual Ventures but is scouting for its own space, likely somewhere on the Eastside.He said a joint Airbus/EarthNow team of about 25 to 30 people is currently working on the project, with about half in Toulouse and half in Bellevue.He said he expects to hire more people here after the next funding round.When its satellites are built, EarthNow will have to line up launch providers to get them into orbit and a ground network to receive and process the incoming video data.All that lies ahead. “We’re at the beginning phase,” said Hannigan, declining to say when he expects the service to begin operating. This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only. Citation: Airbus, Bill Gates and others back video imaging satellite venture (2018, April 20) retrieved 18 July 2019 from https://phys.org/news/2018-04-airbus-bill-gates-video-imaging.html Credit: CC0 Public Domain Explore further ©2018 The Seattle Times Distributed by Tribune Content Agency, LLC. Airbus, Bill Gates and Japanese billionaire Masayoshi Son have joined to back a spinoff from Bellevue, Wash.-based Intellectual Ventures that aims to launch a constellation of imaging satellites “that will deliver real-time, continuous video of almost anywhere on Earth.” OneWeb, Intelsat merge to advance satellite internet