Source: http://feedproxy.google.com/~r/generallyspeaking/~3/u41YRma5tiA/
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Mittwoch, 1. August 2012
259 Weekly Lost Podcast ? Series Finale Initial Reaction
Weekly Lost Podcast Series Finale Initial Reaction Click Here To Download In this episode, Stephanie and I are joined by die hard lost fans from around the world as we celebrated the series finale of Lost at a viewing party that we threw in Northern Kentucky. We will be devoting two episodes to taking your [...]
Navigation | IndoorAtlas uses magnetic field monitoring to find your position indoors
Magnetic field anomalies used to pinpoint your location in a building "As you walk around a shopping center trying to find the loo, your device?s compass takes note of the magnetic field around you. The locally installed app pushes the information in real time to IndoorAtlas?s Location Service, which in turn connects to the map [...]
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237 Weekly Lost Podcast ? Dr Linus Initial Reaction
Weekly Lost Podcast Dr Linus Initial Reaction Click Here To Download In this episode, Stephanie and I give our initial reaction to Season 6 Episode 7, “Dr. Linus.” Don’t forget to give us a call on our listener line. It’s open and ready for your call 24hrs a day. The number is 859-795-4067 Note: We [...]
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Market Soars on "Whatever It Takes" Mush From Draghi; Another "Saved Again" Moment
ECB President Mario Draghi commented in a speech today that the ECB was "ready to do whatever it takes" within its mandate to preserve the single currency.
I have to ask, is that even news? Apparently it it to the stock market which has gapped up over a percent. Bond yields in Spain also reacted to the non-news.
Yield on the 10-year Spanish bond fell all the way (drum roll please) to 6.95%. Is that really anything to be giddy about?
Let's take a look at additional Draghi comments as reported in the Financial Times article Draghi hints at return of ECB bond buying
How long this round of "we are saved" euphoria lasts over non-comments remains to be seen, but I suspect not long.
Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com
Click Here To Scroll Thru My Recent Post List
I have to ask, is that even news? Apparently it it to the stock market which has gapped up over a percent. Bond yields in Spain also reacted to the non-news.
Yield on the 10-year Spanish bond fell all the way (drum roll please) to 6.95%. Is that really anything to be giddy about?
Let's take a look at additional Draghi comments as reported in the Financial Times article Draghi hints at return of ECB bond buying
The euro strengthened on Thursday after Mr Draghi said the ECB was ?ready to do whatever it takes? within its mandate to preserve the single currency. ?Believe me, it will be enough,? Mr Draghi told a conference in London.Saved Again? Not
?To the extent that these premia have to do not with factors inherent to my counter party, they come into our mandate, they come within our remit, Mr Draghi said. ?To the extent that the size of the sovereign premia hamper the functioning of the monetary policy transmission channels, they come within our mandate.?
?The ECB appears to be keen to increase the threat of the SMP being woken from its hibernation period,? Mr Wattret wrote in a note. ?Are the latest comments a signal that the ECB?s strategy is changing and the SMP is about to be used? Or is it merely a threat to act, designed to put some two-way risk back into markets?
?Our inclination is towards the latter conclusion, though today?s comments from Mr Draghi suggest the former now looks more plausible.?
The comments from the ECB president may also increase speculation about other ?unconventional? measures the central bank could take. This week Ewald Nowotny, head of Austria?s central bank, said there were arguments for equipping the eurozone?s forthcoming bailout fund with a banking licence so it could tap the ECB for more funds if needed ? although he also said the idea was not being actively discussed by the ECB.
How long this round of "we are saved" euphoria lasts over non-comments remains to be seen, but I suspect not long.
Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com
Click Here To Scroll Thru My Recent Post List
Mike "Mish" Shedlock is a registered investment advisor representative for SitkaPacific Capital Management. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction. Visit http://www.sitkapacific.com/account_management.html to learn more about wealth management and capital preservation strategies of Sitka Pacific.
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Wright's cornerstone of modern architecture
By Scott Beveridge
CHICAGO ? Frederick C. Robie gave Frank Lloyd Wright just three instructions in 1905 for building his new home; he wanted it to be fireproof and to have a sense of openness and privacy.
What the bicycle manufacturer ended up getting would become the "cornerstone of the modern world of architecture," said Peter Schramm, a docent at the meticulously restored Robie House in Chicago.
Wright designed the three-story Roman brick house from his Oak Park, Ill., studio to have a sturdy limestone base to make the building appear to as it's part of the ground, Schramm said. And, the architect selected thin bricks to "set up the horizontal vision" that would define many other Prairie school-stye houses he would design.
Much attention was given to how mortar was applied between the bricks to make the house appear as repetitive bands of narrow horizontal stripes, like a "unique geological strata" rising to the wide overhangs of the low hip roof, other architectural details that would define Wright, Schramm said.
"The Prairie vocabulary was developed in Oak Park," he said.
The house at 5757 S. Woodlawn Ave. is on the National Register of Historic Landmarks based on its architectural merits alone, and has been absorbed into the University of Chicago campus, he said.
It's the first house in the United States to have been built with a full steel beam support system, primarily to hold the nearly 17.5-foot overhang that juts out seemingly unsupported over the front porch.
The Germans nicknamed to the house "the steamship," while Robie lovingly called it "the battleship," Schramm said.
Visitors enter the house through a door tucked into the back of the house and partially hidden behind a high brick wall that cuts out the traffic noise.
Inside, the reception hall ceiling would only be 6 feet 8 inches off the floor to make people feel uncomfortable there until they moved upstairs to a larger room with a higher ceiling.
Wright would reuse this technique called "compression," too, because it gave people a "sense of relief" while exploring their way into his houses," Schramm said.
The house came under threat of demolition in 1941 and again in 1957, only to be rescued by the National Trust for Historic Preservation and the University of Chicago. The school and Frank Lloyd Wright Preservation Trust have invested $5.5 million to stabilize the house by restoring the bricks and rebuilding the roof.
The final phase involves adding carpeting, reproduction furnishing and restoring the art glass windows, which Wright didn't name.
The living room is surrounded by large windows that allowed Robie to see all of his neighbors' houses. However, the stained glass was positioned in places that gave him privacy behind a nearly 4-foot brick outdoor banister.
The ceiling here has oak banding to make it appear even taller and a step-down hearth in the fireplace. Also recessed into the ceiling were ornate Wright-designed wooden light screens.
The tour proceeded to a guest room and a kitchen, which was built larger that many others Wright would later include in the homes he designed. Tourists were not permitted inside the three bedrooms on the third floor.
They leave beside Midwest's' first attached three-car garage, something that Wright included even before Ford began producing the Model T.
"Wright realized how important the car would become to America," Schramm said.
Source: http://scottbeveridge.blogspot.com/2012/06/wrights-cornerstone-of-modern.html
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