You are here: Home ? Jobs ? Job Opening: Assistant Professor/Head of Public Services Librarian, WNMU ? Silver City, NM
?WNMU?S MILLER LIBRARY
IS RECRUITING FOR A
ASSISTANT PROFESSOR/HEAD OF PUBLIC SERVICES LIBRARIAN
Western New Mexico University (WNMU) serves the multi-cultural populations of New Mexico, other states, and other nations as a comprehensive university with an embedded community college role. We are a University that believes in the promise of every student, and together we work to create an educational community that instills the values and develops the knowledge and skills necessary to prepare our students of diverse backgrounds, perspectives, and talents for the challenges of a changing world. Our strengths include serving a rural, diverse population with cultural sensitivity.
Established in 1893 in Silver City as a Normal School in the Territory of New Mexico, WNMU has grown through the years to serve the western part of New Mexico in five communities: Silver City, Gallup, Lordsburg, Deming, and Truth or Consequences, offering courses face to face as well as via instructional television and online.
Silver City is located in the foothills of the Mogollon Mountains and the Black Range at an elevation of 6,000 feet; it enjoys a dry, mild, and invigorating climate. The nearby Gila National Forest provides opportunities for backpacking, camping, hunting, and fishing. Within the forest are hiking trails and Indian ruins, including the famous Gila Cliff Dwellings.
Western New Mexico University invites applications from energetic, forward-looking individuals for the position of Assistant Professor/Head of Public Services Librarian. This is a 12-month faculty tenure-track position. Position responsibilities include development of user-centered library services, management of personnel and fiscal resources, application of technological innovations to public services; library instruction, and serving on the library?s management team. During the interviews, candidates will make a twenty (20) minute presentation on the use of an electronic library information resource of the candidate?s choice.
Also required for this position is knowledge of current practices and emerging technologies applicable to library services and academic instruction. Demonstrated ability to provide relevant library services to culturally diverse patrons. Ability to work effectively in a rapidly changing and growing university environment. Demonstrated potential to meet the requirements outlined in the Faculty Handbook regarding teaching, faculty governance, university and community service, and contributions to the profession. Demonstrated appreciation for rural lifestyle.
POSITION RESPONSIBILITIES:
Under administrative direction of the Library Director, provides leadership and management of Public Services (circulation, reference, course reserves, interlibrary loan, and library instruction). Designs and implements quality reference services through a variety of traditional and technologically enhanced modes. Works collegially with library personnel and departmental faculty in establishing Public Services operations and policies. Develops services for specific groups such as first-year and first-generation college students, working adults, distance education learners, campus residents, honors program participants, international affiliates, and lifelong learners. Sets reference desk schedule and training opportunities for librarians and library technical assistants who participate in reference services. Oversees processing of course reserves for use by both local and distance education students. Assures copyright compliance and works with faculty to obtain copyright clearance. Coordinates and participates in library instruction program that includes tours, orientations, workshops, online tutorials, and faculty-initiated classroom instruction. Develops assessment methods for learning outcomes of library instruction program. Works closely with faculty and student organizations in promoting library services program at local, off-campus sites, and distance learning centers. Travels as needed to off-campus sites and distance learning centers to deliver library instruction and other library services. Supervises, mentors, motivates and evaluates library personnel in Public Services units. Collects, analyzes and reports relevant assessment data for continuous improvement of services. Collaborates with Technical Services team and campus IT department in identifying and troubleshooting patron access problems to electronic resources and library services. Willingness to assist in meeting obligations pertaining to Miller Library?s designation as a Federal and New Mexico Depository Library and as a New Mexico Regional Review Center for current adopted textbooks and supplementary instructional materials. In collaboration with Library Director and Miller Library administrative services staff, actively participates in the Miller Library?s successful cultural, educational and special event programs that attract both university and community audiences. May be asked to be responsible for daily library operations in the absence of the Library Director.
MINIMUM EDUCATION AND EXPERIENCE:
ALA-accredited Master?s degree with three years public service experience in an academic library. Broad-based experience in reference services and library instruction. Successful supervisory or management experience.
PREFERRED QUALIFICATIONS:
Experience in budget preparation and monitoring fund. Experience in working with at least one of the following: a Federal or state Government Document depository library, special collections and archives, or curriculum collection. Established record of scholarly contribution and professional participation; Proficiency in Spanish.
SALARY: $52,932 ? $54,846 Annually
Review of application materials will begin on Monday, July 8, 2013 and will continue until filled.
While no deadline has been established, for optimal consideration candidates should submit completed applications by Friday, July 5, 2013.
TO APPLY: Submit complete application materials including a WNMU online application, a letter of intent, curriculum vitae, a copy of unofficial transcripts (originals required upon offer of employment), and five references with names, addresses, email addresses, and telephone numbers to: Western New Mexico University, Human Resources Department, 1000 W. College Ave./P.O. Box 680, Silver City, NM 88062. The WNMU application can be found online at: http://www.wnmu.edu/jobs/employmentapp.shtml. All finalists will be required to sign an authorization for a background check prior to an invitation to interview.
Western New Mexico University is an Affirmative Action/Equal Employment Opportunity Employer.
Minorities and women are especially encouraged to apply. All qualified applicants will receive consideration without regard to race, color, religion, gender, age, handicap or national origin.
The above information has been designed to indicate the general nature and level of work performed by employees within this classification. It not designated to contain or be interpreted as a comprehensive inventory of all duties, responsibilities and qualifications required of employees assigned to this job.
Offers of employment are contingent upon successful completion of criminal, education and employment screening.
The switch from doing jobs to starting startups: will we even notice?Written by Grzegorz Pietruczuk
Could our increasingly online lifestyles morph smoothly into self-employment if today?s culture of ?employee-based careers for all? gradually fades into oblivion?
Something important has happened without us really noticing.
Could the Lean Startup model play a role in a switch to a startup-dominated occupational culture?
The ?employee turned startup founder??will quite possibly start their venture without having any investment money to ?waste? in a non-Lean way.
However, Lean Startup?s principle of rapidly determining the size of potential markets for novel solutions can certainly these days at least be started without having to spend any money on development.
A penniless individual operating on a Lean Startup model ?is essentially someone conducting a market research exercise for products and services that don?t yet exist.
Market research exercises of this sort involve starting conversations with prospective users about requirements to solve a problem, in the context of a speculative solution to that problem that the startup founder has dreamed up.
Starting conversations that might turn into opportunities to provide new things that people want and are prepared to pay for (and learning how to do this well) may just turn out to be the activity which replaces today?s job seeking, either because mastery of it becomes culturally encouraged or because job seeking itself switches to becoming much more of a minority sport than it is today.
People of all ages and backgrounds are starting to make a point of not making much of a fuss about instantly embracing technological change, even though (and more than likely because) they are encountering fresh changes on an almost daily basis.
It is becoming increasingly tiresome to seem too awed when discovering that you are able to do yet another thing online that you previously could only do offline.
?Wow fatigue?: we very quickly stop raving about it, we just use it and pass it on
Yes, we might initially be expected to find ourselves still saying ?wow!? or ?amazing!? when someone shows us one more thing that we currently do offline that?s suddenly been made easier, usually because of a new mobile app, but that?s about it: from that point onward, we?ll be expected to do three things: use it if we need to and, at a relevant moment, ask others whether they know about it, and if they don?t, then show them how to get it and use it.
If we do make too much fuss about these kinds of things on a regular basis, it is usually a sign to others that have stopped making such a fuss (which is rapidly becoming the majority) that we are not really adjusting to the culture.
Such ?technologically maladjusted behaviour? is becoming beyond uncool, it is antisocial: you are going to be seriously annoying people by regularly obliging them to justify spontaneous and uninhibited technology adoption behaviour that seems to them to be straightforward common sense and which is also ?no big deal?.
And yet, despite all this ?labour-saving?, we still expect to need to work
However much we might still fantasize about a future where all the work is done by robots and a life where the need to have a job has been eliminated, our current experience of ?things going digital in our lives? doesn?t seem to have left most of us feeling that it?s all getting to the point where we probably won?t need to work?for a living any time soon.
Even though a lot of things are free online (usually paid for by advertising) things like food and clothing, transport and accommodation still tend to need money and to most people that means needing a job.
Something else hasn?t changed: jobs are still looking easier than starting startups?
Things going online also don?t change the fact that, in a job, as an employee, you are usually just involved in doing something which is just a relatively small part of a bigger operation, rather than being responsible for running the whole thing.
You apply for jobs (maybe online) and if things work out, you get one.
Things going online therefore don?t seem to have changed the fact that ?being an employee? still looks to most of us as if it is a much simpler thing to make happen, as well as imposing a less demanding lifestyle and offering a much less risky way of earning a living than starting a business.
But could ?employment as the default career of the masses? come to an end long?before all the work will be being done by robots?
As someone who is really interested in the future of startups, this recent change in attitudes to embracing technological change raises an important question in my mind about the future of work:
Is the re-shaping of our lives, changing from a (comparatively recent) state of affairs where there was just an ?online option? to one where for many things there is now only an ?online imperative? (where doing things offline is not just harder, but actually impossible: official ?paperwork elimination? for example) also going to result in a similar kind of change from a ?startup option? to a ?startup imperative? (jobs becoming much scarcer, even for those professionally qualified, by contrast with startups which might just be becoming much easier to start and sustain)?
What would need to change before the option of founding a startup overtook that of becoming an employee?
are the attractions of starting a startup getting stronger?
?Ok, so I get this ?switch to startups thing?, but are you saying that everyone who gets into startups instead of being an employee will be a startup founder??
If a switch from employment to startups happens, the initial economic impact might just be manifested by significant numbers of those ?outside the employment system? who may suddenly have a bit more money to spend if the startup they are working on quickly ?monetizes itself into substantial revenue?. These individuals may be startup founders, but they may also be ?early hires? of other founder?s startups.
Eventually, early startup hires may become conventional paid employees, but in such cases they would be employees working at a startup, and as such, represent a significant component of what it might be that would make the switch to a predominantly startup-centric career model look different to what we have now.?
Nonetheless, if a big switch from employees to startups manifests itself, it would be reasonable to expect that a significant proportion of early hires of startups might also be contemplating starting their own venture.
The switch from employment to startups is not likely to mean an end to employment, but more likely an end to the current predisposition toward ?just being an employee? (and not also being a startup founder).
are the risks seeming less daunting?
does the on-ramp to starting a startup ?subliminally permeate? more of our lives (perhaps because so many of the new online resources that we encounter and use every day are being provided by startups)?
will the escalating cost effectiveness of ?doing online business as a secondary, non-occupational activity? morph hitherto permanent employees into full time entrepreneurs?
At first sight, it seems like quite a stretch: although something as small-time as selling unwanted household items on eBay might in some sense be deemed to constitute ?doing business?, to imagine that anybody would treat the fact that they had ever done this as a basis for seriously committing to ditching their day job and replacing it with being a full-time online vendor, would probably be to go just a bit too far for most of us (although a significant minority have indeed made this switch).
The main problem with being too cavalier about projecting the ?job to startup switch? based upon such a simplistic model, is that it doesn?t take into account of the fact that this is one option which has already existed for quite some time and although it has indeed spawned a significant number of new businesses, it has not resulted on a decisive shift in the balance between the self-employed versus employees.
So the next logical question would seem to be:
Is anything ?waiting in the wings??
Has anything else changed since the advent of such simplicity of doing something like setting up an online shop, but which has yet to make its impact in terms of shifting that balance?
Would the thing that would make startups start to replace jobs on a much bigger scale be:
a wider diversity of other types of business that are as easy to start as an online shop?
something which would enable a business which was ?too small to replace the need for paid employment? to grow into a business which was big enough to do just that?
something which reduced the real and perceived career risks and other inhibitions that would deter someone from starting a business?
something which reduced the up-front costs and financial commitments associated with starting certain kinds of business?
something which made it cheaper, easier and more effective to promote a business than ever before (so that smaller businesses could reach much larger markets)
something which made it quicker, more painless and practical to test out an untried new business idea than ever before
something which reduced the amount of time and effort that you needed to devote to running certain kinds of business, just so that you could get one started without having to ditch your day job, where previously that kind of business would have required full time commitment, even at the very start?
At the moment, because there is no sign of a widely recognised shift in the balance, I would say that if any of the factors above are currently increasing in prevalence or impact, they have not yet reached critical mass.
But if you coupled a steady increase in the widespread prevalence of these ?startup facilitation factors? (an increase which I do believe is actually under way) with a significant and sustained drop in the job market (resulting from a discernible long-term trend, such as the automation-driven effects discussed by Erik Brynjolfsson and Andrew McAfee?in their book Race against the machine) then perhaps you could expect a sudden and unprecedentedly large surge in the number of people who would be starting startups.
However, because most ?casually initiated startups? are not ?registered? in any formal sense, a sudden upsurge of such activity would probably become apparent in an indirect way.
The way that this might be expected to manifest itself ?at the macroeconomic level? would be a very significant drop in the numbers of people in paid employment (bought about by layoffs triggered by any one or combination of: market shrinkage, cuts in public services, or massive productivity improvements brought on by automation) which was not accompanied very soon after by the anticipated associated drop in consumer spending.
If there had been a preceding serious drop in employment, an uptick in startups would perhaps be expected to come from some of the laid off employees spending their redundancy/severance money on starting new businesses.
In such circumstances, the usual questions regarding ?flash in the pan?, unsustainable, hastily and poorly thought through no-hope ventures inevitably come to mind. In other words, most expectations at that point would be that any perceived switch from from employment to startups was really just the first step on an ex-employee?s journey to unemployment.
But what if something new is beginning to happen to the ?job versus startup equation?, and it turned out that the ?digital imperative lifestyle? was playing no small part in it?
Even a worst-case scenario may not stop startup takeup
What if, even with no redundancy money (either all spent or never given) and with just dole money (and being confined to living what startups call a ?ramen lifestyle?) or maybe even with ?normal working hours? having to be spent stacking shelves just in order to be able to afford ramen, the online world will start to make starting a startup as natural and culturally accepted as a sensible way of spending your time and trying to earn a living as the old ?jobs for life? ethos that society has recently replaced with a (perhaps soon to be also discarded) ?portfolio employment career??
If this happened, starting a startup would become just a little bit more like buying a lottery ticket: from a social perspective, nobody would expect you to pin all your hopes on it solving all your problems, but nobody would think that doing it was out of the ordinary, or unreasonably foolish or impractical either.
This ticket is getting cheaper, the effort to get it is getting smaller, the prize is more than just ?earning a living? and buying a ticket doesn?t really stop you doing anything else afterwards (including getting another ticket).
In such circumstances, starting a startup would be a totally normal thing for just about anyone to be contemplating, and if you weren?t?doing it, or you questioned why anyone else was doing it, you might even be expected to explain why you were even asking.
If the path to starting and succeeding in startups becomes gentle enough and the current preferred route to a earning a living begins to disappear, then one day, who knows, it is just possible that telling anyone that you?re thinking of embarking upon a non-startup career will sound just as weird and amusingly impractical as saying ?I?m seriously contemplating just doing everything offline?.
Take away:
If startup facilitation factors become much more pervasive and productive than they are today and the job market starts to shrink dramatically and systemically as some suspect it might, then the number of employable individuals starting work in startups may overtake the number of new (non-startup) job positions filled.
The next question will be: but will ?working on startups? make enough money to feed us as well as non-startup jobs used to?
This may be an academic question if the ?conventional? jobs that we?d like to be able to go back to (?as a backup option?) are simply no longer there.
Coffee beans are filled with oils that emerge from coffee grounds under high pressure. These oils form the crema?"the frothy stuff on top of an espresso. In the last installment of Science Friday's series on coffee, food-science writer Harold McGee, author of On Food and Cooking, explains the chemistry of crema.
It's no secret that gaming enthusiasts rely on the fastest PC components available to stay competitive, but not all monitors can keep pace with today's fast moving RTS (Real-Time Strategy) games. To avoid motion smearing and lag you need a monitor with a fast pixel response; a monitor like the BenQ RL2450HT, for example. Designed for gaming, this 24-incher boasts a 2-millisecond (gray-to-gray) pixel response and a stand that lets you make all sorts of adjustments. It also offers special gaming specific settings and delivers a sharp picture. It uses a TN (twisted nematic) panel, which means you don't get the deep color saturation of an IPS panel, nor do you get the wide viewing angles that come with IPS technology. That said, if you don't mind making a few sacrifices, it is an affordable alternative to our favorite gaming monitor, the BenQ XL2420TX.
Design and Features
The RL2450HT has a design similar to its more expensive sibling, the XL2420TX. Both are housed in a matte black cabinet and both use a splash of red trim on the stand. Unlike the XL2420TX, which uses a wedge-shaped base, the RL2450HT has a round one. It has a Lazy-Susan swivel mechanism on the bottom and the mounting arm provides a little over 4-inches of height adjustability. The hinge used to attach the cabinet to the stand offers tilt maneuverability and allows you to pivot the panel 90 degrees.
The cabinet is 2.4-inches thick and sports 0.75-inch matte black bezels. On the right side of the cabinet are five function buttons and a power switch. The buttons aren't labeled but they don't need to be; pressing any one of them brings up on-screen labeling that corresponds to each button, making it easy to change settings in the dark. Three of the buttons are customizable hot keys that are set at the factory for changing Picture Mode, Display Mode, and Smart Scaling. Picture mode includes nine presets including the usual Standard, Movie, Photo, sRGB, and Eco modes. It also offers an RTS mode that is optimized for gaming; it's a hot picture that enhances shadow detail. There are three additional gamer modes that you can customize with your own specific settings. Display Mode allows you to change the aspect ratio and emulate various panel sizes, and Smart Scaling lets you save display size setting for future use.
The RL2350HT offers a boatload of picture setting options. In addition to brightness and contrast you can adjust sharpness, enhance dark shades with the Black eQualizer, choose one of five gamma settings, adjust the color temperature, and tweak hue and saturation levels. If you're experiencing lag while playing you can enable the Instant Mode option to enhance image processing and speed things up.
The rear of the cabinet is home to DVI, VGA, and HDMI inputs, and all are downward facing. There's also a headphone jack for use with an HDMI signal (the RL2450HT does not have speakers). The monitor comes with VGA and DVI cables but does not include an HDMI cable. It also comes with a three year parts, labor, and backlighting warranty.
Performance
The RL2450HT's color quality is good but could be better with some tweaking. I measured its color accuracy using a colorimeter, images from the DisplayMate LCD diagnostic utility, and SpectraCal's CalMan5 software. The chart below shows where red, green, and blue colors are in relation to the CIE (International Commission On Illumination) values for each color (inside the box is ideal). In this case, reds are a bit weak while greens and blues are slightly oversaturated. None of the colors are off by much, though, and tinting is not an issue.
Grayscale performance was good for a TN panel but not ideal; light and middle shades of grays on the 64-Step Grayscale test were well defined but the two darkest shades of gray were crushed (they appeared black). Viewing angle performance was typical of a TN panel; there was minor color shifting and darkening when viewed from an extreme side angle.
The 2-millisecond pixel response handled fast motion gaming wonderfully. I couldn't detect any ghosting or smearing while playing Company of Heroes and Far Cry 2, and game play was smooth and fluid with no discernable lag.
The RL2450HT used 25 watts of power during testing, which is average for a 24-inch panel. However, enabling Eco mode brought that number down to 15-watts without making the picture to dim. That kind of energy efficiency earns the RL2450HT our Greentech stamp of approval for low energy consumption.
The BenQ RL2450HT offers gamers a fairly reasonably priced monitor with a pixel response that can keep up with the fastest games. It also features plenty of game-centric presets so you don't have to tweak settings whenever you switch games. Its color quality is good, but you may need to calibrate the monitor if you require very accurate colors. A few extra features such as USB ports and speakers would be welcome here. That said, if you have an extra $200 to spend, the BenQ XL2420TX offers more features and better performance, and it is 3D ready, which is why it remains our Editors' Choice for mid-sized gaming monitors.
Gertrude Ederle Recreation Center is free for the first week it's open. No membership is required?through Saturday, June 22.
Please join us for Girls Youth Basketball, an opportunity for young girls to familiarize themselves with the sport and practice the fundamentals involved with the game.? The program will be held in the Gymnasium.?
Yes, you are watching Randy Couture sing a mellowed-down version of the Bon Jovi classic "Livin' on a Prayer." The same Randy Couture who was a champion in two weight classes in the UFC. The same Randy Couture who served in the Army, was an Olympic alternate for Greco-Roman wrestling, and has coached several high-level fights. The Randy Couture who is now starring on Spike's "Fight Master?" Yep, that's the Randy Couture who is serenading you at this moment.
Phil Fish has said there are no plans to bring Fez 2 to Xbox One or Xbox 360.
Speaking with Polygon, when asked which platforms the indie sequel would be released on he replied: ?not Xbox.?
Fish has spoken previously about the difficulties and expense in patching Fez on XBL Arcade, stating that had the game been released on PC, the game would have ?been fixed two weeks after release, at no cost to us.?
The inability to self-publish on Microsoft consoles is also a problem for Polytron, he said.
?With Microsoft they?ve made it painfully clear they don?t want my ilk on their platform,? he said. ?I can?t even self-publish there. Whereas on PS4, I can. It?s that simple. Microsoft won?t let me develop for their console. But Sony will.?
As far as creating a sequel as opposed to something new entire, this is what Fish had to say on going with Fez 2.
?It is an entirely new game. FEZ 2 is to FEZ 1 what Zelda 2 was to Zelda 1, but more different,? he said. ?The biggest reason is that I just wanted to go back to that world. I want to expand on my little world and its mythology. It?s not a case of wanting to recycle ideas we didn?t get to put in FEZ 1.
?Since the games are going to be so different, there?s not a whole lot that could just carry over.?
FRISCO (CBS 11 NEWS) ? Cirque Musica is coming to Frisco and this show has a lot of local appeal.
Stephen Cook, executive producer of the show talked with CBS 11 about this unique show where symphony meets cirque.? ?It?s a one of a kind show that takes this great music that people know like Tchaikovsky and Beethoven and have a full circus in front of it,? he said. ?That?s sort of the magic that we have created with it.?
Forty members of the Dallas Pops Orchestra, as well as 10 members of the Cirque Orchestra, will provide the music.
Veronica Nan, a classical violinist won?t be in the orchestra, she?ll be hanging above it.? ?Aside from the challenge from hanging in a chandelier you have to play one of the hardest violin pieces ever written, the Tchaikovsky violin concerto in front of an orchestra and have nothing under your feet,? she said.
Cirque Musica will perform two shows only on Saturday, June 22 at the Dr Pepper Arena.
Can you smell that?? It is the smell of panic in the air.? As I have noted before, when financial markets catch up to economic reality they tend to do so very rapidly.? Normally we don't see virtually all asset classes get slammed at the same time, but the bucket of cold water that Federal Reserve Chairman Ben Bernanke threw on global financial markets on Wednesday has set off an epic temper tantrum.? On Thursday, U.S. stocks, European stocks, Asian stocks, gold, silver and government bonds all over the planet all got absolutely shredded.? This is not normal market activity.? Unfortunately, there is nothing "normal" about our financial markets anymore.? Over the past several years they have been grossly twisted and distorted by the Federal Reserve and by the other major central banks around the globe.? Did the central bankers really believe that there wouldn't be a great price to pay for messing with the markets?? The behavior that we have been watching this week is the kind of behavior that one would expect at the beginning of a financial panic.? Dick Bove, the vice president of equity research at Rafferty Capital Markets, told CNBC that what we are witnessing right now "is not normal. It is not normal for all markets to move in the same direction at the same point in time due to the same development."? The overriding emotion in the financial world right now is fear.? And fear can cause investors to do some crazy things.? So will global financial markets continue to drop, or will things stabilize for now?? That is a very good question.? But even if there is a respite for a while, it will only be temporary.? More carnage is coming at some point.
What we have witnessed this week very much has the feeling of a turning point.? The euphoria that drove the Dow well over the 15,000 mark is now gone, and investors all over the planet are going into crisis mode.? The following is a summary of the damage that was done on Thursday...
-U.S. stocks had their worst day of the year by a good margin.? The Dow fell 354 points, and that was the biggest one day drop that we have seen since November 2011.? Overall, the Dow has lost more than 550 points over the past two days.
-Thursday was the eighth trading day in a row that we have seen a triple digit move in the Dow either up or down.? That is the longest such streak since October 2011.
-The yield on 10 year U.S. Treasuries went as high as 2.47% before settling back to 2.42%.? That was a level that we have not seen since August 2011, and the 10 year yield is now a full point above the all-time low of 1.4% that we saw back in July 2012.
- The yield on 30 year U.S. Treasuries hit 3.53 percent on Thursday.? That was the first time it had been that high since September 2011.
-The CBOE Volatility Index jumped 28 percent on Thursday.? It hit 20.49, and this was the first time in 2013 that it has risen above 20.? When volatility rises, that means that the markets are getting stressed.
-European stocks got slammed too.? The Bloomberg Europe 500 index fell more than 3 percent on Thursday.? It was the worst day for European stocks in 20 months.
-In London, the FTSE fell about 3 percent.? In Germany, the DAX fell 3.3 percent.? In France, the CAC-40 fell 3.7 percent.
-Things continue to get even worse in Japan.? The Nikkei has fallen close to 17 percent over the past month.
-Brazilian stocks have fallen by about 15 percent over the past month.
-On Thursday the price of gold got absolutely hammered.? Gold was down nearly $100 an ounce.? As I am writing this, it is trading at $1273.60.
-Silver got slammed even more than gold did.? It fell more than 8 percent.? At the moment it is trading at $19.57.? That is ridiculously low.? I have a feeling that anyone that gets into silver now is going to be extremely happy in the long-term if they are able to handle the wild fluctuations in the short-term.
-Manufacturing activity in China is contracting at a rate that we haven't seen since the middle of the last recession.
-For the week ending June 15th, initial claims for unemployment benefits in the United States rose by about 18,000 from the previous week to 354,000.? This is a number that investors are going to be watching closely in the months ahead.
Needless to say, Thursday was the type of day that investors don't see too often.? The following is what one stock trader?told CNBC...
"It's freaking, crazy now," said one stock trader during the 3 p.m. ET hour as the Dow sunk more than 350 points. "Even defensive sectors are getting smoked. The super broad-based sell off between commodities, bonds, equities - I wouldn't say it's panic, but we've seen aggressive selling on the lows."
Unfortunately, this may just be the beginning.
In fact,?Mark J. Grant has suggested that we may see even more panic in the short-term...
Yesterday was the first day of the reversal. There will be more days to come.
What you are seeing, in the first instance, is leverage coming off the table. With short term interest rates right off of Kelvin's absolute Zero there was been massive leverage utilized in both the bond and equity markets. While it cannot be quantified I can tell you, dealing with so many institutional investors, that the amount of leverage on the books is giant and is now going to get covered. It will not be pretty and it will be a rush through the exit doors as the fire alarm has been pulled by the Fed and the alarms are ringing. There is also an additional problem here.
The Street is not what it was. There is not enough liquidity in the major Wall Street banks, any longer, to deal with the amount of securities that will be thrown at them and I expect the down cycle to get exacerbated by this very real issue. Bernanke is no longer at the gate and the Barbarians are going to be out in force.
If we see global interest rates start to shift in a major way, that is going to be huge.
Why?
Well, it is because there are literally hundreds of trillions of dollars worth of interest rate derivatives contracts sitting out there...
The interest rate derivatives market is the largest derivatives market in the world. The Bank for International Settlements estimates that the notional amount outstanding in June 2009 were US$437 trillion for OTC interest rate contracts, and US$342 trillion for OTC interest rate swaps. According to the International Swaps and Derivatives Association, 80% of the world's top 500 companies as of April 2003 used interest rate derivatives to control their cashflows. This compares with 75% for foreign exchange options, 25% for commodity options and 10% for stock options.
If interest rates begin to swing wildly, that could burst the derivatives bubble that I keep talking about.
And when that house of cards starts falling, we are going to see panic that is going to absolutely dwarf anything that we have seen this week.
So keep watching interest rates, and keep listening for any mention of a problem with "derivatives" in the mainstream media.
When the next great financial crash comes, global credit markets are going to freeze up just like they did in 2008.? That will cause economic activity to grind to a standstill and a period of deflation will be upon us.? Yes, the way that the Federal Reserve and the federal government respond to such a crisis will ultimately cause tremendous inflation, but as I have written about before, deflation will come first.
It would be wise to build up your emergency fund while you still can.? When the next great financial crisis fully erupts a lot of people are going to lose their jobs and for a while it will seem like hardly anyone has any extra money.? If you have stashed some cash away, you will be in better shape than most people.
Realizing that cars that automatically parallel park themselves are old news, Volvo has taken the concept one step?actually several miles?further with a new concept vehicle that can actually find an empty spot and park itself in a lot. You just abandon your car at the entrance of a parking lot, and like a valet you never have to tip, it takes care of the rest.
SANDY, Utah (AP) ? No amount of tight defense could keep Jozy Altidore from doing what he does best.
Altidore has been money in scoring timely goals for the U.S. national team this spring. Honduras made a concerted effort to keep him in check, but the American forward still put himself in the highlight reel again.
Altidore scored a goal in his fourth consecutive international match, enough for the United States to edge Honduras 1-0 in a World Cup qualifying game Tuesday night.
Before 20,250 fans at Rio Tinto Stadium, the Americans remained atop the six-team CONCACAF group. The United States (4-1-1) won three straight games this month, all since a 0-0 draw at Mexico gave it a boost toward the top.
It has also shut out its last two opponents, Panama and Honduras.
"We're trying to keep our feet on the ground, of course," U.S. goalkeeper Tim Howard said. "But going back over the last 15-20 years, we know what points total gets you to the World Cup. So it's been a hugely successful summer."
And summer hasn't even begun.
Honduras (2-3-1) was the last team to win at the United States in a World Cup qualifying match, back in 2001. The Americans have won or drawn 25 straight at home since then.
The top three teams in CONCACAF qualifying move directly to Brazil 2014, and the fourth-place team will face a playoff against New Zealand.
The visitors made it difficult on the Americans for much of the game by slowing the pace before Altidore broke through.
After several second-half near misses, the U.S. got its goal in the 73rd minute. Altidore took a cross from Fabian Johnson from near the end line and put it past goalkeeper Noel Valladares across the goalmouth inside the right post.
It was Altidore's ninth goal in a qualifier as he finally develops into the scoring threat the United States has hoped for.
"We always told him from a coaching perspective that it takes a lot of hard work, it takes a lot of adjustment, it takes the right moment to be there, it takes the hunger," U.S. coach Jurgen Klinsmann said. "The energy he has put in the last four or five games has been tremendous. It's not only that he scored those goals, the work he does for the team is awesome."
Both teams played physical soccer in the first half, leading to an emphasis on defense and a limited number of scoring chances on either side of the field.
Just before the first period ended, though, Howard was forced to make a difficult save when Andy Najar launched a running right-footer from the right side of the box. He met the ball in the center of the box and deflected it outside the right post.
Eddie Johnson had a chance in the 17th minute when he latched onto a cross from Fabian Johnson. His left-footed shot from the center of the box was knocked away by Valladares.
Klinsmann expected Honduras, even with a depleted roster, to force his players to slog through a tough first half. Their ability to be patient and grind down the Honduras defense offered an example of how much the Americans have grown in 2013.
"The team now understands it's not only a physical grind you put into these games," Klinsmann said. "It's a mental one. Mentally we're getting stronger. We're getting tougher. We are now prepared to go through the games."
When the U.S. stepped up the offensive pressure early in the second half, it put Honduras on its heels. Altidore, who did not speak to reporters, had the finishing touch to make the aggressive push count.
He even appeared to score earlier in the half. Moments after Graham Zusi sent a free kick into a crowd of players just outside the 6-yard box in the 56th minute, only to see Brad Evans' header go right into Valladares' gloves, Altidore got behind the defense. Clint Dempsey sent a through ball ahead to Altidore, who was ruled offside and his score was negated.
His teammates knew Altidore couldn't be denied forever.
"As long as we do our job in the back, they get the opportunity to score goals," defender Omar Gonzalez said. "Jozy is on fire right now. He keeps on scoring. Man, I love Jozy up top. He's doing great."
Valladares came up with another clutch save in the 69th minute. Zusi, who was particularly active all night after sitting out the win over Panama because of yellow card accumulation, sent a ball into Dempsey in the center of the box and he leaned into a point-blank header. The ball bounced off of Valladares' hands and Michael Bradley sent a follow-up shot too high.
Honduras did little to threaten the Americans offensively before and after the game's only goal. It marked the fourth time in six games the U.S. earned a shutout.
"Every time we get a clean sheet, we feel like the best players in the world," Howard said. "We've been on a roll. It's good for the young guys in the back. It gets us feeling good about ourselves. Every time we have a good performance, we put in our back pocket and save it."
NOTES: The U.S. improved to 5-2-1 all-time vs. Honduras. The Americans also improved to 3-0 in games played in Utah ... Altidore is the sixth American to score in four straight matches, equaling Landon Donovan (twice), Eddie Johnson, Brian McBride, Eric Wynalda and William Looby ... Clint Dempsey's next U.S. appearance will be his 100th ... Howard has 26 shutouts for the national team.
Charlie Sheen is going to need a new shrink. On TV, that is.
Selma Blair, who plays his therapist Kate on "Anger Management," has left the FX comedy in the midst of production of its second season, studio Lionsgate said in a statement. Rumors of problems on set between the two actors have been swirling all week, according to E! News.
Sheen apparently no longer wanted to work with Blair after she complained about his work ethic to executives, according to E! News.
On the show, Sheen and Blair played doctor in more ways than one. But earlier in the week, "things had gotten ugly" between them, E! News reported.
Although it's not clear exactly what went wrong, just last week Blair was flirty with Sheen on Twitter.
A request for comment from her publicist was not immediately answered.
FX declined to comment about Blair's exit. Lionsgate wished her "the very best" in their statement.
UFC 161 wasn't the greatest of cards, but some fighters did stand out. Who stood out for you? Speak up on Facebook or Twitter.
No. 1 star -- James Krause: In 2009, Krause had two fights in the WEC. He lost to Donald Cerrone and Ricardo Lamas and missed his chance to get into the UFC when it merged with the WEC. Krause kept training and kept fighting, putting together a seven-fight win streak in promotions like Resurrection Fighting Alliance and Shark Fights.
He was ready when the UFC called and asked him to fill in at the last minute for a tough match-up with Sam Stout. He not only had an entertaining fight with Stout, he finished him with a guillotine with 13 seconds left in the fight. He won both a Fight of the Night bonus and a Submission of the Night bonus, totaling $100,000.* After years of training and fighting in smaller promotions, that money is an excellent reward for keeping the faith.
No. 2 star -- Shawn Jordan: Perhaps it's just that Shawn Jordan is a really busy guy. He has many items on his to-do list, and he doesn't have time to waste on knocking out a fighter. He quickly finished Pat Barry, earning the TKO in 59 seconds. Next item on the to-do list? Heading to the bank to cash his $50,000 Knockout of the Night bonus.*
No. 3 star -- Stipe Miocic: Does it actually take throwing a kitchen sink at Roy Nelson's head to knock him out? Because Miocic's strikes were just short of kitchen-sink-level, and Nelson remained standing. That Miocic was able to put such a beating on Nelson showed that he is back to being the striking stud he was before being knocked out by Stefan Struve.
*UFC bonuses are paid out after fighters have passed their post-fight drug tests.
More and more jobs deal in the virtual realm, and are done by people sitting down at desks at computers. Desk work can be made interesting in its own ways, but it's always fun to visit a company that's actually making physical stuff. So for this episode of TechCrunch Cribs, we jetted over to New York City to check out the headquarters of Quirky, a startup founded back in 2009 with the aim of "making invention accessible." Quirky is a company that crowdsources ideas for unique physical products -- gadgets, kitchenware, furniture, and the like -- and manufactures them at large-scale production so that they can be actually sold in stores.
LONDON (Reuters) - British bank Lloyds has denied being subject to political pressure to sell hundreds of branches to the Co-operative Group, rebutting suggestions of ministerial interference in the controversial sale.
Lloyds has been forced to sell the 632 branches by European regulators as a cost of its taxpayer rescue in 2008, but its choice to sell to Co-op Bank has been slammed after a big hole appeared in the mutual's finances, prompting allegations that politicians had encouraged the choice.
"What the board looked at was financial and the ability to execute (the sale). Those were the only two things we looked at, no political (pressure)," Lloyds Chairman Win Bischoff told a committee of parliamentarians on Tuesday.
The Treasury Select Committee quizzed Lloyds executives on their decision, since abandoned, to sell the branches to the Co-op, rather than to a rival start-up bidder NBNK, which said it made a higher offer.
Peter Levene, former chairman of NBNK, said in written evidence to the committee there appeared to have been political interference in the bidding process.
Co-op withdrew its offer to buy the branches in April after it was found to have a capital shortfall, which Britain's regulator has since pegged at 1.5 billion pounds ($2.4 billion).
Ratings agency Moody's on Tuesday piled more pressure on the Co-op, downgrading its senior debt and deposit ratings. The mutual, which has 4.7 million bank customers, is forcing bondholders to take losses under its rescue plan.
Lloyds picked Co-op as the winner of the auction last July and executives said they only realised there was a problem with Co-op's capital strength in December.
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NBNK's Levene said it had offered more money than the Co-op and was the only bidder to meet the timetable set out by Lloyds for second-round bids, which the bank extended to allow the Co-op to make its offer.
He said he had received "a number of messages indicating that there had been significant political involvement leading up to the original decision", as the coalition government had wanted to promote the interests of mutuals in financial services.
"I was therefore advised that the decision was based on an indication from senior politicians within the coalition that the Co-op deal was to be the preferred and definitive solution," Levene said in a submission to the committee.
Lloyds CEO Antonio Horta-Osorio rejected Levene's claims that Lloyds preferred the Co-op. "I seriously contest that. The offer in the end was not substantially better ... we chose the best bid," he said.
NBNK was allowed to make five bids and it should have made a higher offer to succeed, Horta-Osorio said.
Both offers had complex structures. Co-op's bid was worth about 700 million pounds and NBNK's offer may have been just 630 million, Lloyds estimated.
Horta-Osorio estimated it would cost Lloyds about 1.6 billion pounds to spin-off and separate the branches.
The Lloyds executives said they discussed the bid process with government ministers.
"There was no preference expressed to us by government ministers," Bischoff said. He said after the bank picked the Co-op ministers were pleased with the decision and indicated they liked the mutual sector.
Lloyds said it had contacted 42 potential bidders for the branch network, codenamed Project Verde, which ended with confirmed bids by Co-op, NBNK and Sun Capital.
NBNK released a document it said it gave Lloyds in January 2012 saying there was a "high risk" the Co-op's purchase of the branches would fall through, citing its stretched capital position and execution risk.
June 17, 2013 ? The pesticides, many of which are currently used in Europe and Australia, are responsible for reducing the regional diversity of invertebrates in streams and rivers by up to 42 percent, researchers report in the Proceedings of the National Academy of Sciences (PNAS).
Mikhail A. Beketov and Matthias Liess from the Helmholtz Centre for Environmental Research (UFZ) in Leipzig, together with Ben Kefford from the University of Technology, Sydney and Ralf B. Sch?fer from the Institute for Environmental Sciences Landau, analysed the impact of pesticides, such as insecticides and fungicides, on the regional biodiversity of invertebrates in flowing waters using data from Germany, France and Victoria in Australia. The authors of the now-published study state that this is the first ever study which has investigated the effects of pesticides on regional biodiversity.
Pesticides, for example those used in agriculture, are among the most-investigated and regulated groups of pollutants. However, until now it was not known whether, or to which extent, and at what concentrations their use causes a reduction in biodiversity in aquatic environments. The researchers investigated these questions and compared the numbers of species in different regions: in the Hildesheimer Boerde near Braunschweig, in southern Victoria in Australia and in Brittany in France.
In both Europe and Australia, the researchers were able to demonstrate considerable losses in the regional biodiversity of aquatic insects and other freshwater invertebrates. A difference in biodiversity of 42 percent was found between non-contaminated and strongly-contaminated areas in Europe; in Australia, a decrease of 27 percent was demonstrated.
The researchers also discovered that the overall decrease in biodiversity is primarily due to the disappearance of several groups of species that are especially susceptible to pesticides. These mainly include representatives of the stoneflies, mayflies, caddisflies, and dragonflies and are important members of the food chain right up to fish and birds. Biological diversity in such aquatic environments can only be sustained by them because they ensure a regular exchange between surface and ground water, thus functioning as an indicator of water quality.
Protection concepts fall short of requirements
One worrying result from the study is that the impact of pesticides on these tiny creatures is already catastrophic at concentrations which are considered protective by current European regulation. The authors point out that the use of pesticides is an important driver for biodiversity loss and that legally-permitted maximum concentrations do not adequately protect the biodiversity of invertebrates in flowing waters. New concepts linking ecology with ecotoxicology are therefore urgently needed. "The current practice of risk assessment is like driving blind on the motorway," cautions the ecotoxicologist Matthias Liess. To date, the approval of pesticides has primarily been based on experimental work carried out in laboratories and artificial ecosystems. To be able to assess the ecological impact of such chemical substances properly, existing concepts need to be validated by investigations in real environments as soon as possible. "The latest results show that the aim of the UN Convention on Biological Diversity to slow down the decline in the number of species by 2020 is jeopardized. Pesticides will always have an impact on ecosystems, no matter how rigid protection concepts are, but realistic considerations regarding the level of protection required for the various ecosystems can only be made if validated assessment concepts are implemented." The threat to biodiversity from pesticides has obviously been underestimated in the past.
Payphones may be essential to pop culture, Supermen, and Matrix-escapees everywhere, but try to remember the last time you actually saw someone using a payphone for its intended purpose. What about the last time you just saw one... anywhere?