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Truck Driving Market
America's Trucker Shortage May Negatively Affect Economy
dtsadmin
By Heather Long / The Washington Post / WP Bloomberg via www.savannahnow.com
Originally posted Jun 28, 2018 at 12:23 PMUpdated Jun 28, 2018 at 12:23 PM
LAKE MILTON, Ohio – Bob Blocksom, an 87-year-old former insurance salesman, needs a job. He hasn't saved enough money for his retirement. And trucking companies, desperate for workers, are willing to give him one.
Age didn't matter, they said. If Blocksom could get his "CDL" – commercial driver's license – they would hire him for a $50,000 job. One even offered to pay his tuition for driver training school, but there was a catch: Blocksom had to commit to driving an 18-wheel truck all over America for a year.
So far, that has been too big of an ask for Blocksom, who doesn't want to spend long stretches of time away from his wife of 60 years. "The more I think about it, it would be tough to be on the road Monday through Friday," he said.
As the nation grapples with a historically low level of unemployment, trucking companies are doing what economists have said firms need to do to attract and retain workers: They're hiking pay significantly, offering bonuses and even recruiting people they previously wouldn't have considered.
But it's not working. The industry reports a growing labor shortage – 63,000 open positions this year, a number expected to more than double in coming years – that could have wide-ranging impacts on the American economy.
Nearly every item sold in America touches a truck at some point, which explains why the challenges facing the industry, including trucking companies rapidly raising prices as they raise wages, have special power to affect the entire economy. Already, delivery delays are common, and businesses such as Amazon, General Mills and Tyson Foods are raising prices as they pass higher transportation costs along to consumers. A Walmart executive called rising transportation costs the company's primary "head wind" on a recent call with investors.
Technology leaders such as Elon Musk hold out driverless trucks as a solution, but industry insiders say that is many years away. For now the industry simply can't find a way to move goods as fast and as cheaply as they have in the past. This logjam will be especially perilous, economists say, if competition for truckers pushes up prices so quickly that the country faces uncontrolled inflation, which can easily lead to a recession.
"This is slowing down the economy already," said Peter Boockvar, chief investment officer at Bleakley Advisory Group. "If it takes me a week instead of two days to ship products from point A to B, I'm losing potential business."
At TDDS Technical Institute, an independent trucker school in central Ohio where Blocksom has considered enrolling, veteran teachers say they have never seen it this bad. They think there are closer to 100,000 truck driver openings.
"As long as you can get in and out of a truck and pass a physical, a trucking company will take a look at you now," said Trish Sammons, the job placement coordinator at TDDS, whose desk is full of toy trucks and fliers from the companies who call her daily begging for drivers. "I recently placed someone who served time for manslaughter."
There's only one option right now for most trucking companies: Give substantial raises. Recruiters that show up daily at TDDS are offering jobs that pay $60,000 to $70,000, with full benefits and a $4,000 signing bonus.
In interviews with more than 60 trainees, recruiters and people who explored trucking but decided not to take the job, most feel higher pay will help, but the industry's problems are much deeper than that.
Trucking remains one of the most dangerous professions in America. There were over 1,000 fatalities among motor vehicle operators in 2016, according to the U.S. Labor Department, meaning being a commercial driver is nearly eight times as deadly as being a law enforcement officer.
"It takes a special breed to be a trucker. It's a tough job," said Rick Rathburn Jr., the owner of TDDS, a school his late father started in the early 1970s. A trucking company recently tried to buy the entire school.
The community around TDDS is full of shuttered factories and bars named "Lucky Inn" and "Horseshoe." The steel mills closed in the 1980s, and a GM factory just announced more than a thousand layoffs. One of the only industries growing in the area is trucking, yet locals are hesitant to become truckers.
One man, a janitor, hanging out at Larry's Automotive repair shop in nearby Warren, said his uncles were truckers and told him they would "kill him" if he ever got into the harsh business. The owner of the shop said he had thought about becoming a trucker but decided it wasn't feasible after he had children.
Trucking jobs require people to leave their families for weeks at a time and live in a small "cabin" with a hard bed. Divorces are common, veteran drivers say, and their children forget them. A life on the road is often costly and unhealthy. Drivers sit for hours a day in diesel trucks and pull into truck stops that typically serve greasy hot dogs and chili.
Weight gain and heart disease are common, says Gordon Zellers, an Ohio physician who spends half his time examining truckers and administering drug tests, which increasing numbers of CDL applicants fail. He advised the TDDS students to see a nutritionist, but he knows most won't.
Alex Thomas and Rob Neal are two of the youngest students at TDDS – Thomas is 26 and Neal is 28. As they sat in a truck in the TDDS parking lot practicing, they joked with each other about which one would be the first to develop a "trucker's belly."
Thomas and Neal had construction jobs before they enrolled in the 16-week course at TDDS.
Trucking often competes with construction and manufacturing for workers. Both of those industries have been on a hiring spree lately as well, and unlike trucking, construction and factory jobs typically don't require additional schooling. To get a commercial driver's license, an applicant needs to attend several weeks of school, which can cost about $7,000 before financial aid.
The two young men who switched into trucking say they're doing it for the money and, they hope, more freedom. But many of their friends were surprised by the move.
"I used to work in a sand and gravel pit. Workers in the pit called the truckers scum," said Thomas.
As it has trouble recruiting new workers, the industry is also struggling to hold on to drivers. Turnover in the trucking industry has skyrocketed to 94 percent, according to the American Trucking Associations, meaning most drivers at the major trucking companies don't spend more than a year in their jobs.
That reflects a combination of poaching and quitting. (A new government requirement went into effect in December that requires all drivers to electronically log their hours, meaning they can no longer cheat regulations by driving more than 11 hours a day.)
People with CDLs suddenly seem as coveted as computer programmers. Trucking company recruiters descend daily on America's roughly truck driver training schools – roughly 500, according to the Commercial Vehicle Training Association – to fight for new graduates.
"These guys are like diamonds right now," said Jason Olesh, a vice president at Aim Transportation Solutions who left his family vacation to rush to TDDS to talk to students. "We're down 90 drivers across our fleet of 650."
Olesh gave his best pitch to the students: He offered them jobs that pay $70,000 a year with full benefits and regional routes hauling water to oil drilling sites that would have them home most nights.
"I'm offering you a regular job with a 10- to 12-hour shift so you can see your kids," Olesh said.
He never used to recruit drivers right out of school because his jobs are the coveted ones in the industry that don't require drivers to go "over the road," trucker speak for being away from home for at least a month. But he started coming to TDDS this year because the company needs drivers so badly that it is lowering the bar for new hires.
At the end of his session, a few students gave Olesh their contact information, not enough to even make a dent in the job openings he has.
Lately the industry has tried to broaden its appeal, but women still make up just 6 percent of drivers, and African Americans only 10 percent. Still, trucking can be a pathway to a middle-class life. TDDS alumni often stop by, including many Somali refugees who've been trained there.
But while the TDDS faculty love trucking and serve as cheerleaders for the industry, most of their own children have gone to college and now work desk jobs.
"Trucking is seen as a last resort if people can't find another job," said Otto Smith, an admissions representative at TDDS. "We're a hidden diamond for people looking for work."
Read article on www.savannahnow.com
WSJ | Women Wanted: Blue-Collar Fields Find New Workforce
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Patricia Coyle, registered nurse from Bayada, a contracting agency of field nurses, fills syringes with vaccine before it being administered to current students and faculty free as a courtesy by the Student Health Services. More than 500 vaccines were delivered on the first day of immunization at Howard Gittis Student Center, Wednesday, October 2.
Tremayne Pitters, transferring freshman and majoring in Computer Engineering receives his free flu shot from Yvonne Glenn, a registered nurse from Bayada, a contracting private agency of field nurses. This preventive service is being provided as a courtesy by the Student Health Services Office. More than 500 vaccines were delivered on the first day of immunization at Howard Gittis Student Center, Wednesday, October 2.
Registered nurse and a Temple grad, Russell Mosley, gives flu vaccines to Larisa Solomeina, a sophomore at FOX School of Business, majoring in finance Howard Gittis Student Center, Wednesday, October 2. More than 500 vaccines were given out free of charge as courtesy by the Student Health Services Office.
Denise Mujahid, registered nurse at Employee Health Services administering flu shot to senior Kristine Pfeffinger, majoring in psychology. She received flu shot at Howard Gittis Student Center, Wednesday, October 2. The vaccines were given out free of charge as courtesy by the Student Health Services Office. Registered Nurse Yvonne Glenn from Bayada, a contracting agency of field nurses, is seen in the background.
A long line at Howard Gittis Student Center where current students received free season vaccine shots provided as courtesy by the Student Health Services. More than 500 vaccines were delivered on the first day of immunization on Wednesday, October 2.
Temple Students and faculty wait in line for free season vaccine shots provided as courtesy by the Student Health Services. More than 500 vaccines were delivered on the first day of immunization at Howard Gittis Student Center, Wednesday, October 2.
Bottles with the seasonal flu vaccines and cotton swabs prepped on the table at the Howard Gittis Student Center where flu shots were administered Wednesday, October 2, to Temple University current and students and faculty free of charge as courtesy by the Student Health Services Office.


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One News
House bill filed creating strategic fuel reserve
September 19, 2019 | 10:07 pm
PHILCOASTAL.COM
A LEGISLATOR filed a bill Thursday calling for the creation of a strategic reserve for petroleum products, to cushion the impact of oil price and supply shocks.
"A national strategic fuel reserve will enable the government to protect Filipino consumers from (oil price) shocks… and resulting rate increases of public utilities… as well as supply disruption results from natural disasters and calamities, 1-Pacman Party-list Rep. Michael L. Romero said in a statement.
Mr. Romero filed House Bill 4689, which if approved will become the Philippine Fuel Reserve and Fuel Price Stabilization Act of 2019.
The measure proposes a government-owned strategic reserve with a minimum 15-day supply of liquefied petroleum gas, natural gas, diesel, gasoline, kerosene, aviation fuel, and bunker fuel.
The private sector will also be required to maintain a 15-day stockpile of these fuels as well as crude oil.
The proposed source of supply is government-to-government agreements with petroleum-producing countries.
The bill also proposes the designation of priority users in the event of restricted supply, which includes hospitals and social service care facilities, water distributors, sewage and water filtration systems, power generators, airports and seaports, schools, media organizations such as newspapers, radio and television networks; and other communications facilities.
"Perhaps as an incentive, the stocks in the fuel reserves can be exempted from excise or value-added taxes. This would make maintaining those reserves financially viable because there are inventory costs to offset," he said.
Asked to comment, Energy Secretary Alfonso G. Cusi said the measure complements DoE's current plans.
"DoE has a program to develop a strategic reserve… (The bill) will complement it, that will institutionalize it," said Mr. Cusi in a chance interview with BusinessWorld. — Vince Angelo C. Ferreras
Vince Angelo C. Ferreras

redpajama_set_name: RedPajamaCommonCrawl


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The educational component of our mission is ongoing and over the years has included, and will continue to include, wildflower walks, area geology studies, stream walks, a variety of presentations regarding our natural resources and processes for conservation protection, and meetings with individual property owners regarding conservation protection of the land.
The Trust expanded the scope of its educational mission in March 2004 with the co-sponsorship of Protecting Rural Lands, a one-day workshop at Denison University's Burton Morgan Center. This workshop, presented in cooperation with Denison University and OSU Extension Service - Licking County, was designed for owners of rural property and those who advise or work with such owners, to learn about long-term conservation protection for land. A diverse group of approximately 90 people – farmers, concerned citizens, lawyers, other professionals and public officials - spent the day in general or group sessions discussing economic considerations which make that protection possible. Dr. Bob Teater, former Director of the Ohio Department of Natural Resources and the keynote speaker for the workshop, stated the challenge for the day, and for tomorrow, in these terms:
"One of the concepts that I want to emphasize is that we have to look at the soil and land as more than just space to build on. That ignores what's under ground - the soil, the water, the minerals, the forest, the wildlife - the living system. Are we really looking at resource management in terms of the resources, not just the space to build?"
Jim Bidigare - Chair
Jim has been a licensed real estate agent since 1995, specializing in homes and land in beautiful Licking County. He is a commissioner on the Licking County Planning Commission, and has been involved in other community and organizational planning efforts. Jim has experience as a general contractor and has a degree in architecture from MIT with emphasis on real estate law and building construction.
Jim has been involved in numerous charitable and non-profit organizations, usually in a strategic planning of communications role. He has had professional and volunteer experience in annual giving programs for many years. Jim lives north of Granville on 40 acres of farmland, woods and stream and was certified organic in 1993. He is embarking on a more permaculture based approach to agriculture, relying more on perennial crops and seeking long-term sustainability. Jim has four children, recent college graduates Danielle and Luke, and Hannah, and college Sophomore, Claire.
Jeremy King - Vice Chair
Jeremy King is the Sustainability Director at Denison University where he stewards sustainability initiatives on behalf of the College and acts as a resource for other departments and offices. He also serves as a liaison to the surrounding community on issues regarding sustainability and sustainable development. An alumna of Denison, Jeremy brings a wealth of educational and resource conservation experience to the position. He taught high school science in Circleville, Ohio for 10 years and during that time earned a Master of Science degree in Natural Resources from The Ohio State University. Jeremy served in the Peace Corps and worked on sustainable development and sustainable agriculture projects in the Ecuadorian Amazon. Jeremy was born and raised in Licking County.
Lyn Boone - Treasurer
Lyn Boone retired in 2010 from the staff of Denison University, where she served as Director of Foundation and Corporate Relations. She has been a resident of Granville for thirty-one years.
In Central Ohio, Lyn has served a number of volunteer organizations and boards, including the Granville Union Cemetery, where she leads the historic preservation project for the town's historic graveyard. She has served on the board of the Licking Land Trust since 2011, and currently holds the position of treasurer.
Lyn holds the B.A. and M.A. from Indiana University in Bloomington, Indiana. She and her husband Keith are avid birders, an avocation that inspires their travel.
Shana Byrd
Whether managing nearly 2,000 acres as Dawes Arboretum's director of land conservation or working to preserve property in her own community, Shana Byrd has a passion for conservation. She hopes to share her expertise and enthusiasm as part of the Trust's board.
"I hope to offer support in monitoring properties, working with landowners considering partnership, educating the public on the value of our work and inspiring individuals to donate resources," she said. "I'm also interested to learn more about how I can best be of service based on needs of our community."
Shana studied biology at Ohio University and earned a master's degree in zoology from Miami University. Before accepting her position at Dawes, she worked with the Sustainable Forestry Program of Rural Action and directed the restoration ecology program at The Wilds. She currently serves on the Ohio Invasive Plant Council Board of Directors, where she raises awareness about native plant conservation.
Recent residents of Granville, Shana and her family also own a 10-acre farm in Athens County, where she helped secure adjacent property for preservation.
Shana reflected, "The land trust's relevance of today helps endear communities to their natural assets; the relevance of tomorrow will be gratitude of future generations."
Paul Davidson
Paul is a farmer in Newark, Ohio, a member and past president of the Licking County Farm, Bureau, and a Trustee of the Ohio Farm Bureau from 2011 - 2018. He enjoys being a 4H Club Advisor, and is a lifetime member of the Utica FFA. He also works for Layton Excavating as a Field Superintendent.
Mary Fitch
A registered landscape architect, Mary Fitch has worked for the Ohio Department of Natural Resources for over 20 years. She administers several state and federal grant programs that provide funding for Ohio's public parks and trails. Prior to working for ODNR, she lived and worked in the Bluegrass area of Kentucky, where she designed park, commercial, and residential sites.
During her tenure as a Land Trust board member, Mary was instrumental in obtaining a Clean Ohio Conservation grant to permanently protect Spring Valley Nature Preserve, and in landinga subsequent Ohio EPA Surface Water Improvement Fund (SWIF) grant to restore of Spring Valley's Salt Run stream. "With assistance from Ohio's very competitive SWIF grant program, Granville Township was able to make Salt Run far more accessible to visitors, and stream water quality has improved.
In her spare time, Mary enjoys hiking, biking, gardening, and traveling to beautiful places.She has an adult son and daughter and a little grandson.
Tom Henshaw
Tom Henshaw is an environmental studies professor at Denison University. His career in agriculture started as an agriculture extension volunteer with Peace Corps in Paraguay. Additionally, he has worked as an organic vegetable producer and US Customs agriculture inspector. Tom studied international business at DePauw University, has a MS in agro-ecology from the University of Florida, and a PhD in rural sociology form The Ohio State University. Deeply interested in community agriculture Tom was a founding board member of 6th Street and Growing Community Gardens in Newark in addition to the Licking Land Trust.
Born and raised in Chillicothe, Tom and his wife Erin moved to Licking County in 2009 where they purchased a small piece of property and an old farm house in Granville Township.
Sarah Lynn
Sarah works as a lawyer and has many years of experience in environmental law in both the public sector - agencies such as the Solid Waste Authority of Central Ohio (SWACO), ODOT, and the Ohio Attorney General - and private law firms including Ice Miller and Bailey Cavalieri. She recently established her own law practice in Newark the, Lynn Law Group. Of course, she has been involved in many community groups including the Franklin Park Conservatory, Early Care and Learning, and the Columbus Montessori Education Center.
Mike Mickelson
Mike Mickelson is a retired Denison University professor of physics and astronomy and has served on the Granville Township Zoning Commission. He serves on the Licking Land Trust because of his interests in preserving the rural character of Licking County consistent with sensible growth. While on the zoning commission, he worked to redesign Granville Township's Planned Unit Development ordinance to encourage clustered residential design on smaller lots while designating 50% of the subdivision as undeveloped space. As a Licking Land Trust board member, he has served as vice chair and worked chaired the committee that obtained accreditation for the Licking Land Trust. Land Trust Land Trust Accreditation is designed to help build and recognize strong land trusts, foster public confidence in land conservation, and ensure the long-term protection of land.
Doug Spieles
Doug Spieles is a professor of environmental studies at Denison University, where he teaches courses on ecosystem management and wetland ecology. A member of the Licking Land Trust Board since 2004, Doug is interested in conservation ecology, environmental education, and ecological succession. He is the author of Protected Land: Disturbance, Stress, and American Ecosystem Management, from Springer publications.
Rebecca Swab
As a child, Rebecca Swab frequently went camping and hiking with her family. Her father's deep interest in plants soon became her own and she decided to make ecology her calling. She earned a master's degree in natural resources from The Ohio State University and a doctorate in ecology from University of California Riverside.
Currently director of restoration ecology at The Wilds, Rebecca hopes her environmental expertise will benefit the Trust in decision making, particularly in prioritizing ecological services or particular species.
"Given urban sprawl and development as population grows, having organizations that work to preserve green space within these areas is essential. These areas are valuable for native species, provide important environmental services, and can provide recreational opportunities, both locally and nationally," she said.
Don Wiper (1931-2015)
The Trust is deeply saddened by the passing of Don "Biff" Wiper on September 24, 2015, while joining the entire community and his family in celebration of his life of huge accomplishment and boundless love. As a long-time member and driving force behind the growth of the Granville Land Conservancy, Don worked tirelessly for 23 years to advance the mission of the Conservancy, which became the Licking Land Trust. Serving as a board chair and member, he shared his passion for conservation of open spaces, working with landowners, members, youth, the community and many others to save undeveloped land as a treasure forever. His love for nature and the land lives on in the Licking Land Trust. He served as chairman of the board from 1996-2006 during which time the area protected by the Trust grew by over 700 acres. Don served as a board member until his recent death in 2015. He lent his legal expertise freely, and was invaluable to member and landowner outreach. We miss him dearly!
Maria Losh
Maria Losh is the Compliance Coordinator at the Ohio Ecological Food and Farm Association (OEFFA) Certification, an accredited organic certification agency. She is also a farmer at Everyday Acres in Granville, Ohio. She has a master's degree in Environmental Science and spent five years working in government and industry as an environmental consultant before moving to Columbus to work for OEFFA. Maria raises heritage breed livestock, including a breeding flock of Red Dorking chickens and Guernsey milk goats, and she also focuses on family-scale vegetable production.
Meet Our Intern, Brooke Kauchak!
Brooke Kauchak, a 3rd-year student at Ohio State University's School of Environment and Natural Resources, is a welcome new face around the LLT office this summer. Brooke is majoring in the Environment, Economy, Development, and Sustainability program at OSU, a multi-disciplinary degree that focuses on the human dimensions of sustainability. She is specializing in international development. Brooke is a woman of many interests, and also participated in an OSU study-abroad program this summer. She spent three weeks in Rwanda learning about the country's experience of genocide and its efforts to deal with its aftermath. Brooke brings a wealth of skills and is a huge help in the busy summer season at the Trust. We are grateful to work with such a talented intern!
2019 Summer Newsletter + 2018 Annual Report
See previous LLT Annual Reports HERE
See previous LLT Newsletters HERE
stay in touch with the licking land trust
Submit your name and email address below to receive our quarterly communications, volunteer opportunities, and event announcements.
Educational Mission


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Produced and sold by Southend Mencap, all profits generated from these items helps us to fund the continued development of The Music Man Project.
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text:
Q: importing Python Bokeh Scatter plots not working. Cannot import Default_Palette I am trying to import Scatter from bkcharts and it fails with the following error:
ImportError: Traceback (most recent call last)
<ipython-input-5-23fcc4dbc1e0> in <module>()
----> 1 from bkcharts import Scatter, output_file, show
      2 import pandas
      3
      4 df=pandas.DataFrame(columns=["X","Y"])
      5 df["X"]=[1,2,3,4,5]

c:\users\ellamm\appdata\local\programs\python\python36-32\lib\site-packages\bkcharts\__init__.py in <module>()
      3
      4 # defaults and constants
----> 5 from bokeh.plotting.helpers import DEFAULT_PALETTE; DEFAULT_PALETTE
      6
      7 # main components

ImportError: cannot import name 'DEFAULT_PALETTE'

A: I am one of the maintainers of Bokeh. You should know (as stated prominently on the project GitHub page) that bkcharts is no longer part of core Bokeh, and more importantly, that it is completely unmaintained at this point. There is no future work, fixes, or effort planned to put into it, unless someone new decides to take ownership of it. If you must use bkcharts, my only suggestion is to not update Bokeh past 0.12.6, which is the last version that received any testing together.
However, my real advice is simply not to use bkcharts at all, for any reason, at this point. It's hard to know exactly what you are after with such a short code snippet, but I will say that all sorts of scatter plots are easy with core bokeh.plotting, and if you are after an even higher level interface then Holoviews is an officially endorsed  higher level API built on top of Bokeh, that has an active development team working on it.

A: The following link might help:
https://docs.bokeh.org/en/latest/docs/user_guide/quickstart.html#getting-started
https://towardsdatascience.com/data-visualization-with-bokeh-in-python-part-one-getting-started-a11655a467d4
from bokeh.plotting import figure, output_file, show

A: try this code instead:
from bokeh.plotting import figure,output_file,show

x=[1,2,3,4,5]
y=[5,6,4,5,3]

p=figure(title='Simple Example',x_axis_label='X Axis',y_axis_label='Y Axis')
p.circle(x,y)

output_file("Scatter_chart.html")

show(p)

redpajama_set_name: RedPajamaStackExchange


Boston Spa Parish Council is urging people to report anti-social behaviour (ASB) and all crimes after concerns voiced by residents.
In an online newsletter the council said it was important to log concerns otherwise rescources could go elsewhere.
"In recent times the Parish Council has been contacted by concerned residents about crime and antisocial behaviour in our village, said a countil spokesman.
"The police strongly encouraged residents of Boston Spa to report all crimes, which can be done easily via the various methods available, including online. "Even if no prosecution is possible, the record of crimes committed helps to make the case for more police presence in the village, and also means that Leeds Council will allocate resource from their ASB team.
using this form, copies of this form are also available at the Village Hall.


Length of largest span: 38.7 ft.
The second photo definitely faces north; neither of the two Alamando bridges listed has a left turn that close when facing south. And the way the road narrows in the second photo makes me think both these photos are for this bridge when it was there and not for the other.
The Midland Center For the Arts does have a collection of old bridge photos for throughout the county. I'll post a link once I go through them again and find the correct one that matches this one.
I might be mixing this one up with the one that is labelled, Alamando Road Bridge - http://bridgehunter.com/mi/midland/56303H00021B010/ - looking at maps again, I think that's the one I meant to be talking about.
Whereas THIS bridge would've been between Jasper and Shepherd Roads, closer to Shepherd. I...think? I've been down Shepherd Road at least once, but I don't think I've ever been up or down this section of Alamando.
1) It's a sign that went up when the bridge was lost and has remained ever since.
2) There was a flooding event at the time, and it was closed because the road was flooded.
I find that odd because that would be Google accounting for the road being cut off, which doesn't always happen with them.
One other thing: The two bridge listings for Alamando Road were definitely confusing to check, mainly because when I look up and down the multiple sections of Alamando Road in Midland County, it crosses waterways no less than TWELVE times! Good luck keeping track of them all.
Whatever would have been between Jasper and Shepherd, though, is the only one with anything suggesting it was this Little Salt Creek Bridge. Satellite on Google Maps shows that Alamando does get kind of close to the creek, so that would point to that there used to be a bridge there and now there's not.
I wonder, though, if the 1995 inventory mis-labeled one of the two bridges? Maybe, one is supposed to be THIS bridge, and the other is actually supposed to be the Alamando Road Bridge identified with the link at the beginning of this post.
If this is what I think it is...I'd imagine that this bridge has been closed off for some time.
I do remember getting a little closer to where the bridge is supposed to be, though, and the road was closed off.
This report says the bridge is closed to all traffic, and judging by the exact location - I want to think this is that same bridge I'm remembering here. And if that's the case, I'd imagine it's been...ages! Since this was open.


You can quickly use clustered sessions in your existing ASP.NET applications without any code change and can immediately see a performance boost in your application. NCache provides high performance in-memory ASP.NET session clustering for web farms that is faster and more scalable than storing them in a database. It is faster because sessions are kept in memory and closer to the ASP.NET application. And, it is more scalable because sessions can be distributed to multiple servers in the farm that can better handle larger load than a database server.
With NCache, you can eliminate the need to use sticky sessions in your load balancer. This significantly improves your application scalability. NCache provides powerful dynamic clustering of sessions. You can replicate or distribute/partition sessions either locally on multiple web servers or on multiple dedicated session caching servers. NCache offers a rich set of features to grow you session clustering from small to large web farms.
ASP.NET Session-State allows for storing session data into custom data source by implementing SessionStateStoreProviderBase class. A session-state store provider has been implemented using NCache to store data into distributed cache.
No Code Change: NCache Session State Provider can be used in an application without any code change.
Better Performance: Session data being stored in in-memory cache yields maximum performance.
Reliability: By default session is stored in memory of ASP.NET process. If process recycles or application server goes down, session data is lost. With NCache, session data is stored, outside of ASP.NET process, in cache cluster. Any cache topology can be opted to meet the needs of reliability. So in case the application server goes down, session data remains available when ASP.NET process recycles back or application server comes back.
No Need of Sticky Sessions: Using NCache Session State Provider will eliminate the use sticky sessions in load balancer.
NCache Cache Storage-Scalability: NCache Session State Provider uses NCache cache as storage. Here cluster cache can be used to gain better scalability. Working with it allows adding more servers to session cluster at runtime; it results in more scalability and reliability for the application. ASP.NET session clustering for web farms is faster and more scalable than storing them in a database.
Availability, Load Balancing, Fault Tolerance: In a web farm environment, it provides better fault tolerance by keeping session data available at all server nodes in cluster cache to better handle a larger load. This is because sessions can be distributed to multiple servers in the farm. Thus it is safe to say that it results in a high performance. It is suitable for session clustering from small to large web farms.
Cluster Topologies: For session cache, different clustering topologies can be used. Replicated topology offers load balancing of client so that the web application does not suffer during intensive traffic. If partitioned-replica cache is used, it gives high scalability, high reliability to the application and is extremely fast. Sessions can be replicated or distribute/partitioned either locally on multiple web servers or on multiple dedicated session caching servers. For cache topology details, see section Cache Topologies.
Serialized Data: Session data needs to be in serializable form.
Session Lookup in Cache Made Easy: All session data in cache can be retrieved in a single call. NCache provides tag with session. In one single operation all session data with tag can be easily fetched.
Exclusive Locking: To avoid deadlock and data integrity issue, exclusive locks are provided in NCache Session State Provider. Locking is configurable and in default is off.
Locking Release Retry: If exclusive lock is used, locking retries are also configured. In case of concurrent requests, lock release is tried a configured number of times.
Location Affinity: NCache's Session State Provider 's Location Affinity manages ASP.NET session state across multiple web farms which are geographically separated. For Location Affinity, one 'primary' and one or more 'secondary' caches have to be specified for each web farm. The primary cache will be used for all local traffic, in local region and secondary cache(s) are of distant geographical regions. These are configured in the application's Web.config. This optimization is possible only in .NET 2.0 and later versions.
Explains how sessions can be stored using NCache's Session State Provider for ASP.NET.


The last out of the 2018 World Series could not have come in any more poetic a fashion, with Manny Machado waving over a Chris Sale slider, losing his balance, and falling to a knee.
In a postseason full of compelling personal narratives, Machado stands out as this October's most interesting and controversial figure. The Dodgers brought in Machado to help right a ship that was taking on water—Los Angeles had lost star shortstop, Corey Seager, for the season in April and started 18-26. By the time the Dodgers consummated the Machado trade with the Orioles on July 18, L.A. was back over .500 but only led the division by half a game.
When he arrived in Los Angeles, Machado was hitting .315/.387/.575 with 24 home runs, the best offensive season of a career that's on a Hall of Fame track. (A good starting point for a serious Hall of Fame case is 60 career bWAR, and Machado's more than halfway there at age 26.) He was supposed to swing the pennant race all by himself. Machado is one of two headline names, along with Bryce Harper, in one of the most anticipated free agent classes of the 21st century. Both Harper and Machado are in line for contracts in excess of $200 million, perhaps as much as $300 million. The Dodgers picking up a player of that quality, even if only for a couple months, was the biggest move any team made at the deadline.
But while Machado was good in two-plus months (.273/.338/.487 with 13 home runs), he didn't move the needle the way the first installment in the Mannywood series did.
This page was last updated October 30, 2018 at 6:26 pm MST.


I am appointed to serve as Area Chair for the International Conference on Computer Vision 2017. ICCV will take place in Venice (Italy) in October 22nd-29th, 2017. It is my pleasure to serve the community, it has always been, and I am extremely enthusiastic and motivated to do my best helping select the highest quality research studies submitted to ICCV.


text:
Share option scheme considered at KLM
van het Kaar, Robbert
Download article in original language : NL9705114NNL.DOC
In anticipation of the spring 1997 collective bargaining round, pilots at Royal Dutch Airlines (KLM) are considering contributing to the company's cost-cutting programme by exchanging salaries for share options and an increased say in company policy. Unions are divided over this exchange.
Royal Dutch Airlines (KLM) announced a cost-cutting programme in November 1996, with pilots expected to sacrifice 20% of their salary. There are approximately 2,000 KLM pilots, all of whom are members of the Association for Dutch Airline Pilots (Vereniging van Nederlandse Verkeervliegers, VNV). In advance of the bargaining round for the 1997 collective agreement at KLM, the VNV has asked the American pilots' union US-ALPA to verify the implications of the cost-cutting measures. The chair of the VNV has stated that if this verification reveals that the cooperation of the pilots is necessary to carry out KLM's cost-cutting objectives, then they will be prepared to make such a contribution. However, it will be agreed only under the following conditions: that a proportion of the salary paid should be in shares or share options and that pilots should be given a representative on the company's supervisory board.
The system of remunerating airline employees with shares and share options stems from the American aviation sector. Several years ago, United Airlines handed over the majority of its shares to its employees who, in turn, abandoned their wage demands. KLM has proposed profit-dependent compensation with a share and option variant being open to discussion. Share option plans provide employees with a right to buy shares in the company they work for at a fixed price for a given period of time. Any capital gains are tax-free.
In the Netherlands, share option schemes are becoming increasingly widespread. Large companies such as Unilever, Aegon, ABN-AMRO and ING have already introduced similar schemes for their Dutch employees. Proponents maintain that they increase employee involvement and commitment towards a company. Opponents fear that such loyalty becomes directed primarily towards the employees' own income, based on the company's share price. Vervoersbond FNV., the transport sector union of theDutch Federation of Trade Unions has stated that share option schemes cannot replace an increase in basic pay.
The pilots' demand for representation on the supervisory board is supported by Vervoersbond FNV and Vervoersbond CNV, the transport sector union of theChristian National Labour Federation, which have been arguing for an employee seat on the board for a long time. On the other hand, De Unie, a union that represents mainly senior staff, is not convinced of the additional value of an employee representative on the supervisory board.
Vervoersbond FNV is afraid that the pilots may be unwilling to contribute as much as the rest of the staff at KLM towards achieving the necessary reduction in costs. This might cause a split between the VNV and the organisations representing other KLM employees.


I think I will finally buy it online tomorrow.
We've gotten a lot of snow around here the last couple of days, and my parents were slow in getting their gifts to out to me, but everything arrived today! Two packages from amazon.com and one big package from home! I hogged both of the utility mailboxes at my apartment today!
What are you getting? What did you get??


text:
BusinessCoronavirus
'Malls will become towns in themselves,' developer says of LI's future
A rendering of the proposed mixed-use Heritage Village project that would be built on the site of the former Sears department store in Hicksville. Credit: S9 Architecture
By Tory N. Parrish tory.parrish@newsday.com @ToryParrish1 November 18, 2020 4:43 PM
Long Island retail needs to take bold steps to adapt and address vacancy issues that began before the COVID-19 pandemic hit this year, according to panelists at a Long Island Regional Planning Council meeting Wednesday.
As vacant stores are redeveloped, "Malls will become towns in themselves," Jonathon E. Cohen, vice president of Syosset-based real estate firm Blumenfeld Development Group, said.
"And they should have residential, work, dining in an enclosed or more finite location. And I do think it is more palatable to have mixed-use to include residential rather than having residential elsewhere," he said during the Zoom meeting.
Cohen was among the developers, county planning officials and others who discussed Long Island's rising number of retail vacancies, particularly at shopping malls, and how simplifying difficult rezoning rules, adding a mix of multifamily housing and small retail, and other means could be used to fill empty spaces.
Brick-and-mortar retail, especially department and clothing stores, already was struggling with online competition well before the pandemic hit the United States in February.
Like other areas across the country, Long Island retail was hit hard by the pandemic, during which nonessential businesses were state-mandated to close for months, starting in March, to help stop the spread of the virus.
Among Long Island shopping centers between 10,000 square feet and 350,000 square feet, the retail vacancy rate in the third quarter of this year was 9.3%, according to Moody's Analytics Reis, a Manhattan-based real estate information company. That was the highest quarterly retail vacancy rate for the Island since Reis began tracking quarterly data in 2000.
To fill vacant spaces before the pandemic, many retail landlords had courted movie theaters, restaurants, gyms, entertainment centers, such as Dave & Buster's, and other experiential tenants that weren't susceptible to online competition.
"What has been kind of the irony of COVID … is the subsector of retail that got hit the hardest was experiential," said Larry Rose, principal of The Rose Group, a Westchester-based developer and development advisory firm.
Rose's firm is advising Seritage Growth Properties, a Manhattan-based real estate investment trust that was spun off from Sears Holdings Corp. in 2015, in its proposal to redevelop a former Sears property in Hicksville into a project called Heritage Village. If approved by the town of Oyster Bay, Heritage Village would have 425 apartments, as well as retail and office space, a movie theater, grocery store and parking on the 26.4-acre site.
(Residents who oppose the plan have raised concerns about traffic, while proponents have said they would welcome the boost to the economy.)
Blumenfeld Development Group, which owns retail properties on Long Island and in New York City, Connecticut and Florida, is mostly stable, but there have been tenant challenges since the pandemic began, Cohen said.
"Movie theaters, gyms and restaurants have hit us the hardest. … They represent probably in aggregate about 10% of our portfolio," he said in an interview after the Zoom call.
One result of the pandemic that he expects to continue is restaurant tenants shifting more of their business to a takeout model, he said.
Malls' anchor stores are not dead, but their vacancies create the opportunity for other uses, such as multifamily housing, industrial or office uses, Rose said.
In many cases, at malls built from the 1950s through the 1970s, the anchor stores are actually owned by the retailers, such as Sears and J.C. Penney, and there is tremendous value in those properties, he said.
Furthermore, what has traditionally been known as the mall anchors – the department stores that were the main draws – has shifted to some of the smaller shops in the interior of the mall, such as Apple stores, he said.
Rose also expects more mall owners to better use open retail space for outdoor seating and sidewalks in the future.
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By Tory N. Parrish tory.parrish@newsday.com	@ToryParrish1
Tory N. Parrish covers retail and small business for Newsday. She has worked at the Pittsburgh Tribune-Review and Observer-Dispatch in Utica, N.Y.
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Sorry I accidentally unliked your post, I liked your post again! Tell me; how do you do partner?
It's no problem. I'm doing well, you?
Ay, mate. You're giving people too much credit when you think any of them will bother researching crap.
Thanks, ducks look awesome! My main nick was taken so I opted for this one instead. "anka" is Swedish for duck, so I thought the avatar fitting (Frihet = freedom, so Frihetsanka = Freedom Duck, no particular meaning though).


This is the prequel recording project from the popular series of albums featuring the poetry of Adrian Plass and the music and songs of Phil Baggaley, David Clifton and Ian Blythe. The music, songs, poetry and prose points the way and prepares the ground for both City Of Gold and Shipwrecks And Islands. Music and songs are by Ian, Phil Baggaley, and David Clifton, and the featured vocalists are Mal Pope and Julie Costello.


Welcome to the new design. There is still a bunch of stuff missing, mainly my non-blog related pages. I'm going to miss my Instapaper-like reading queue the most so this will be fixed fairly shortly. I still have a bunch of new hooks to write into new APIs so stuff will gradually make its way back here. I'll also start writing a bit more content now that I have some time. And say hi to my new logo.


Along with its needed effects, adapalene topical may cause some unwanted effects. Although not all of these side effects may occur, if they do occur they may need medical attention.
1. "Product Information. Differin (adapalene topical)." Galderma Laboratories Inc, Fort Worth, TX.


Music can and has changed society.
Musicians are vital. We have value.
If know that if i can lead just one person to discover the breadth and scope of their inner world though my flute, i have served my purpose, and i have served them.
and resonates with the depth of that moment...Isnt the world just a little less lonely then?
Together we are in concert...harmonious...dynamic...alive.


text:
Lakeshore teams with DreamWorks for Byrnes comedy
LakeshoreInternational has added Andy Fickman's She's The Man starring Amanda Byrnes to its Cannesslate, alongside Tony Goldwyn's The Last Kiss and Katja von Garnier's Blood AndChocolate.
She's The Man is a DreamWorks production and, like TheLast Kiss, will bereleased in the US through DreamWorks with Lakeshore handling international inwhat is the first partnership between the two companies. Sony will release BloodAnd Chocolate in the US,with Lakeshore again selling international.
She's The Man stars Byrnes as a high school student who disguisesherself as her twin brother in order to get on to the boys' football team.Production is set to begin in June and Lauren Shuler Donner is serving asproducer.
The Last Kiss, currently in production in Montreal,stars Zach Braff, Tom Wilkinson, Jacinda Barrett, Blythe Danner and CaseyAffleck, and centres on the romantic exploits of five best friends.
Red-hot MillionDollar Baby screenwriterPaul Haggis, whose directorial debut Crash opens in North America this weekend,wrote the screenplay, and Lakeshore's Tom Rosenberg and Gary Lucchesi areproducing.
Blood AndChocolate stars AgnesBruckner and Oliver Martinez and is based on Annette Curtis Klause's EasternEurope-set novel about a young girl who is secretly a werewolf and must choosebetween her family and the man she loves.
Rosenberg, GaryLucchesi and Daniel Bobker are producing the picture and production is set tobegin in Eastern Europe in August.
"So far this hadbeen a great year for us at the box office, mainly thanks to Million DollarBaby, and we are lookingto continue that success with the releases later this year of The Cave and Underworld 2: Evolution," Lakeshore International presidentPeter Rogers said in a statement.
"We expect these three newfilms to build on the results of our recent films. They are very different fromeach other but share a common link that is fundamental to box-office success:they are all stories with great popular appeal."
Lakeshore willalso be selling John Hay's romantic comedy Truth About Love starring Jennifer Love Hewitt; GianniAmelio's father-son drama The Keys To The House; Clint Eastwood's Million Dollar Baby in remaining territories; and LenWiseman's horror sequel Underworld Evolution, which stars Kate Beckinsale and ScottSpeedman and will open in December in North America through Screen Gems.
Lakeshore's upcoming domestic releases this year include Bruce Hunt's horror tale The Cave starring Cole Hauser and Morris Chestnut; Scott Derrickson's thriller The Exorcism Of Emily Rose, which Screen Gems will release in North America in September; Meiert Avis' comedy caper Undiscovered starring Pell James, Steven Straight and Ashlee Simpson, which isset to be released in August in North America through Lions Gate.


text:
Hydra, an all time classic destination
Αρχική • HONEYMOON • GREECE • Hydra, an all time classic destination
Hydra is picturesque, romantic and cosmopolitan as well as the ideal place for lovers of beauty. So why not go on a honeymoon to Hydra, the small jewel of the Saronic Islands? And we will prove why… It is an island that has managed to retain its timeless charm.
If you choose Hydra for your honeymoon you will soon realise that it has a lot to offer. It is an ideal place for those who believe that a honeymoon is synonymous to relaxation, touring, discovery and precious time that you can devote to your partner with the sea and sunset as background as well as a fragrance that charms every visitor.
Hydra's Chora, which is built amphitheatrically on the north coast of the island, adds its own touch to the island's rocky landscape, as well as the images that will be etched in the memory of every visitor as they approach the port. Many a celebrity loved and was inspired by this view: Hadjikyriakos-Gikas, Seferis, Engonopoulos, Henry Miller, Mick Jagger, Leonard Cohen, and Joan Collins.
Still not sure? It is said that if Hydra properly played the "game" of international marketing, it would be more famous than renowned resorts like St. Tropez, as the island's beauty exceeds most other popular destinations. It's no coincidence that during the last decade of the 50s, the famous actress Sophia Loren filmed the famous blockbuster "The Child and the Dolphin" on the island.
Firstly, cars, motorcycles and tall buildings are prohibited on the island, which means you will relish in the island's tranquil landscape and unique architecture. You will be impressed by the ancient 18th and 19th century mansions and Hydra's ship and fish boat owners once you enter the Constantinople port (along with dozens of cats that will run after you!). Upon entering the harbour will see the Bastion with the cannons that formerly protected the city from invaders.
WHAT ELSE TO DO
Moonlit romancing at the port of Hydra and walks through the narrow alleys, dining at picturesque taverns by the sea (try the taverns in Kamini Village), donkey riding (if walking does not thrill you) to explore the island's small villages and swimming (though the sea is a bit rocky). Swim at the rocks of Spilia and Hydronetta as well as Avlaki, Kamini and Mandraki which is considered the most cosmopolitan.
If you are art lovers, the island is home to galleries and museums housed in old mansions despite its small size. You will come across the Historical Museum of Hydra, the mansion of Tsamadou, which houses the School of Marine Merchants, the small Ecclesiastical and Byzantine Museum, the Fine Arts School, the Monastery of Theotokou, built in the 17th century, and you should climb Kiafa Hill to visit the Hydra's oldest area.
When night falls: Get ready to party the night away at nightclubs or enjoy romantic nights at quiet bars. Grace Kelly and Prince Rainier III of Monaco, Melina Mercouri and Jules Dassin, Onassis and Jackie Kennedy were among the most famous couples who partied at Lagoudera, which has been open for business since the 50s. What else do you need?
Orloff is a small boutique hotel, which used to be George Orloff's home, a traditional home near the harbour filled with flowers, old furniture and good taste.
Web: www.orloff.gr/
Bratsera Hotel, located 50 metres from the port, is housed in a renovated house built in 1750 and a factory that processed sponges.
Web: https://bratserahotel.com/
Hotel Miranda, which is an old mansion in Hydra, was built around 1810. It has also been proclaimed a preserved building by the archaeological service.
Web: https://mirandahotel.gr/
Mistral Hotel is a traditional island stone mansion, which is famed as one of the most sophisticated hotels in Hydra. The hotel is renowned for its warm and friendly hospitality. Additionally, each of the rooms at the Mistral is unique!
Web: https://www.hotelmistral.gr/
Leto Hotel has recently been renovated, preserving Hydra's authentic architecture. The hotel is discreetly hidden in one of the most beautiful streets of the island.
Web: https://www.letohydra.gr/
By boat or catamaran from the port of Piraeus.
Irene July 2, 2019


I'm not usually fond of heights. Climbing structures and rusty ladders makes me feel uneasy and unsafe. But when we found this concrete tower in the woods I knew I had to try. So I climbed up the coastal artillery tower from WW2 to get a better view of the surroundings and find out what was on the top.
The top had a circular armored dome, fences around and a small room in the front with steel hatches on every window. I guess the view to the ocean was much better in the old days without the trees.
The tower is located in southern Sweden near the coast. If you have more history about the place or other stories, please share them in the comment section. Would love to learn more about this place.


When the first lemming drops in the cargobay, make him a right turner (#1). Near the arrows on the wall, make two lemmings turners to guide the lemmings up the stairs (#2). Now bash through the crates (#3). The lemmings will walk on, turn them to the left and bash again (#4). Use a builder to get to the exit (#5).


text:
using System;
using System.Collections.Generic;
using System.Linq;
using System.Text;
using System.Threading.Tasks;

namespace SportGoods.SportBranches.Clothing
{
    [Serializable]
    public class Clothing : SportGoods
    {
        private string color;
        private int size;
        private string material;

        public string Color {
            get { return color; }
            set { color = value; }
        }

        public string Material {
            get { return material; }
            set { material = value; }
        }

        public int Size {
            get { return size; }
            set { size = value; }
        }
    }
}

redpajama_set_name: RedPajamaGithub


text:
Research Associates, Lab Technicians:
Erica Knee Erica joined the lab in July 2014 as a laboratory research technician. She assisted with writing the laboratory protocols, culturing and passaging stem cells, as well as differentiating human embryonic stem cells into cardiomyocytes for the lab. Furthermore, she helps graduate students with their research projects. Erica received dual bachelor's degrees with honours in mathematics and chemical engineering with a minor in chemistry from New Mexico Institute of Mining and Technology. In addition, she has a master's degree in biomedical engineering with an emphasis in biomechanics from Stevens Institute of Technology. Before coming to the lab she worked in a tissue engineering laboratory investigating in vitro 3-D breast cancer tissue models.Erica left the lab in June 2015 to pursue a PhD in the lab of Dr.Boris Hinz.
Lan Dang
Larry Meng
Larry worked as technician in an active and productive laboratory. He maintained lab and performed the neonatal rat heart isolation and work on the engineered heart tissue by cultivating human embryonic stem cells (hESC). Before joining the lab, he worked at different university-based research institutions and was involved in different research projects such as human heart failure, hypertension, hepatitis C virus in Germany and Canada, respectively.
Gordana Jovanovic-Bulajic (2009)
Post-Docs:
Dr. Boyang Zhang
E-mail:by.zhang@utoronto.ca
Isolation of pure cell subpopulations and rare progenitor cells from heterogeneous cell suspensions is essential for the advancement of tissue engineering. The purpose of this project is to sort the mixed cell populations in the heart, including fibroblast, cardiomyocytes, endothelial and smooth muscle cells. Microfluidic devices will be developed in this lab to sort cells based on their physical properties such as size and adhesion properties. Boyang completed his PhD in the winter of 2016 and continues to contribute towards research in this lab. Boyang left the lab in June 2018 and is now an Assistant Professor in the Department of Chemical Engineering, McMaster School of Biomedical Engineering, McMaster University
Dr. Samad Ahadian
Samad received his Ph.D. in materials science at Tohoku University, Japan in 2011. He was honoured to get the prestigious JSPS doctoral fellowship during his PhD studies. After that, Samad gained 4 years of postdoctoral training in tissue engineering, biomaterials, and stem cell engineering under the supervision of Professor Ali Khademhosseini from MIT-Harvard Medical School, USA. Currently, he is working in the Radisic lab as a research fellow in the area of fabrication of organ-on-a-chip platforms for pharmaceutical and therapeutic applications. Samad left the lab in 2017 to pursue career in industry.
Dr. Nicole Feric
Nicole received her Ph.D. in Biochemistry from Queen's University in December 2011 and joined the lab in January 2012. She characterized the effect of the small peptide QHREDGS, derived from angiopoietin-1, on osteoblast differentiation and bone mineralization. Additionally, she investigated the mechanism by which QHREDGS promotes the adhesion and survival of cardiomyocytes and cardiac fibroblasts, as well as osteoblasts. Nicole took a position as Senior Research Scientist at TARA and has moved to New York City
Dr. Lewis Reis
E-mail: lewis.reis@utoronto.ca
Lewis graduated from Queen's University in 2008 with a B.Sc. in Chemical Engineering and after taking a year off to travel came to U of T to pursue his PhD. The main goal of his project is to develop an injectable hydrogel for the treatment of myocardial infarction that will promote the survival, differentiation, and integration of injected cells. So far, work has been done to characterize and show the potential of the developed hydrogel to support cardiomyocytes in-vitro, and progressed to in-vivo trials with a rat myocardial infarction model. Lewis completed his PhD in the spring of 2015 and continued to contribute towards research in this lab. Recently he has taken a consulting position with PWC..
Dr. Hannah Song Post Doc In adults, the beating heart cells (cardiomyocytes) cannot divide to regenerate the injured or diseased heart; instead they are replaced by a non-beating scar. In several clinical studies, injected cells from the bone marrow or skeletal muscle into the heart have resulted in, at best, modest functional improvement. In all cases, transplanted cell survival has been poor indicating that any beneficial effect is likely to be transient and mediated via mechanisms associated with secreted factors. A major limitation in the development of cellular therapies to the heart is cell survival and integration post transplantation. Therefore, we have developed a model system capable of screening for cell survival and integration into engineered heart tissue (EHT). Our in vitro model system will enable the rapid and efficient screening of candidate cell types and survival / integration factors for pre-clinical studies. Currently, initial studies focus on the survival and integration of embryonic stem cell (ESC)-derived cardiac cells and progenitors into EHT. Our ESC-derived cardiac cells are fluorescently labeled in order to quantitatively track the injected cells into EHT. Once the system is developed, we are planning to pursue screening for factors (small molecules, cytokines) that increase cell survival and integration into cardiac tissue in a high through-put manner.
Dario Bogojevic
E-mail: d.bogojevic@utoronto.ca Dario joined the Laboratory for Functional Tissue Engineering, IBBME in January 2013 as a Postdoctoral Fellow to work on implementation of a new separation technology for label-free enrichment of cardiomyocytes used in research, drug development and cardiac cell therapy. His previous work at the IBBME involves development of Digital Microfluidics technology for multiplexed cell-based assays commonly used in pharmaceutical research.Dario comes from across the Atlantic – born in Sarajevo, he moved to Belgrade where he graduated at the University of Belgrade department of chemical engineering. After one year of working in an oil refinery, he moved again to the UK, in search for more challenges. He obtained his PhD degree at the University of Edinburgh, in the area of microfluidics and heat and mass transfer in micro-scale. Dario left the lab in Sept 2014 to apply his skills at Trojan Technologies, specializing in water treatment.
Sara Vasconcelos
In adults, the beating heart cells (cardiomyocytes) cannot divide to regenerate the injured or diseased heart; instead they are replaced by a non-beating scar. To accelerate a clinical outcome of cardiac cell therapy, we have developed a model system capable of screening for cell survival and integration into engineered heart tissue (EHT). Our in vitro model system will enable the rapid and efficient screening of candidate cell types and survival / integration factors for pre-clinical studies.Currently, we are pursuing screening for factors (small molecules, cytokines) that increase cell survival and integration into cardiac tissue in a high through-put manner.
Aarash Sofla
Founder CEO of uFluidix, a Toronto company that manufactures microfluidic chips.
PhD:
Miles Montgomery E-mail: m.montgomery@mail.utoronto.ca
In June 2012 Miles completed a double major with honours in chemical and biological engineering from McMaster University. One of the key challenges in the field of tissue engineering is the inability to supply in vivo levels of oxygen and nutrient delivery and waste removal to cells in an in vitro environment. These mass transport limitations restrict the current thickness of engineered devices. In many tissue engineering applications (including the heart) the thickness must be increased in order for the devices to become truly functional. Miles investigated new approaches to overcome these current confines in hopes of developing ways in which efficient mass transport can be achieved in tissue engineered devices. Miles took a leave to pursue a career in a biotechnology company he co-founded- MagniWare Ltd. and is now back in the lab to complete his PhD.
Robert Civitarese
Despite advances in medical therapy, including neuro-hormonal blockade, use of cardiac resynchronization therapy and surgical procedures, mortality from heart failure remains unacceptably high, at ~25.2% per year. More than two-thirds of heart related deaths are attributable to coronary artery disease, a blockage in a heart vessel causing a myocardial infarction (MI). Lack of blood flow (ischemia) results in cardiac cell death and leads to the formation of a fibrotic scar, ultimately impairing normal cardiac function. Currently, no clinical therapeutic exists to stimulate repair of the ischemic heart tissue. Robert is doing his PhD portion of his combined MD / PhD degree investigating ways of improving the electrophysiological integration and maturation of a cardiac patch, with the ultimate goal of limiting cardiac cell death and improving cardiac function following an MI. Rob has left the lab and is now working on his MD degree
Iran Rashedi
E-mail: i.rashedi@utoronto.ca
I have obtained a MD degree from Tehran Univ and completed a MSc program in Dep of Biochemistry and Medical Genetics, Univ of Manitoba. Currently, I am doing a PhD, studying the regenerative potential of stem/progenitor cells including bone marrow mesenchymal stromal cells in cardiovascular context. I like and play racquet sports, and enjoy biking on weekends. Congratulations to Iran who successfully defended her PhD in Dec 2016
Aric Pahnke
E-mail: aqpahnke@gmail.com Aric is pursuing a doctorate in Chemical Engineering and Applied Chemistry while participating in the Collaborative Program in Biomedical Engineering. He graduated in Biomedical Engineering from the University of Utah and joined this group in 2012. His work was focused in the area of recreating cardiac tissues in vitro from pluripotent stem cells that are similar in maturity and function to the native heart. He is now pursuing other interests.
Yun(Jo) Xiao
E-mail: yun.xiao@utoronto.ca
Yun was a PhD student in the Chemical Engineering and Biomedical Engineering Collaborative Program. Her research focused on biomaterials for cardiac tissue engineering.Jo completed her PhD in Feb of 2016 and has returned to China to pursue her academic and research career.
M.Y. Anne Hsieh
E-mail: anne.hsieh@utoronto.ca
Anne pursued a Ph.D. in the joint Chemical and Biomedical Engineering at the University of Toronto after receiving her undergraduate degree in Chemical Engineering with minor in Biology and options in Management Science and Statistics, from the University of Waterloo. Her research focuses on designing microfluidic devices for cell selection. Anne has received several scholarships including URSA, CGS-M, and CGS-D from NSERC, U of T fellowships from Chemical Engineering, and Mary H. Beatty. As a teaching assistant, she has supervised engineering courses including Biotransport Phenomena (CHE393) and Engineering Biology (CHE353) in 2008-2012, and as course instructor for DEEP Summer Academy (Genetic Engineering). Anne completed her PhD in the summer of 2015 .
Dr. Loraine Chiu
Loraine Chiu received her Bachelor's degree with honours from the Department of Chemical Engineering at the University of Toronto in June 2007, with a minor in Bioengineering and the completion of a fourth year undergraduate thesis project on the combined effect of non-myocytes co-culturing and electrical stimulation for cardiac tissue engineering. As a recipient of NSERC CGS-M (2007-2009), she worked under the supervision of Dr. Milica Radisic for her Masters thesis project to investigate the effects of vascular endothelial growth factor and angiopoietin-1 on angiogenesis. After graduating in March 2009, she continued her studies in the LFTE group. As supported by NSERC CGS-D (2009-2011) and Queen Elizabeth II Graduate Scholarship in Science and Technology (2011-2012), she worked on her PhD thesis project involving angiogenesis in scaffolds and injectable biomaterials for cardiac repair. She successfully defended her PhD thesis and graduated in August 2012. After graduating with her Ph.D. degree in 2012, Loraine received the NSERC postdoctoral fellowship and started working under Dr. Mick Bhatia in the Stem Cell and Cancer Research Institute at McMaster University.
Rohin Iyer
Rohin Iyer was the first student at LFTe and obtained his Ph.D in 2012. He was instrumental in helping to setup the Laboratory for Functional Tissue Engineering in 2005 and has trained many of Dr. Radisic's graduate students. His project at LFTe dealt with cell tri-culture in microbioreactor systems for cardiac tissue engineering as well as scale up to mesoscale cardiac patches in bioreactors in animal models of myocardial infarct. He also worked as a visiting scientist under the guidance of Dr. Radisic's former advisor, Dr. Gordana Vunjak-Novakovic, at the Department of Biomedical Engineering at Columbia University, New York. Rohin has significant experience in the areas of regenerative medicine, tissue engineering, bioreactor design and fabrication, microfabrication and soft lithography, cell tracking, animal surgery, and stem cell bioengineering methodologies. He is now employed as a Research Scientist at Tissue Regeneration Therapeutics Inc., a progressive biotechnology company based in Toronto, Canada, where he is doing work with umbilical cord-derived mesenchymal stem cells for regenerative medicine applications. http://research.rohiniyer.com.
Nik Jewell
Katherine Chiang
The main goal of Katherine's project is to engineer a blood vessel by site specific differentiation of Flk1+ (or KDR+) vascular progenitors on substrates with immobilized VEGF or PDGF-BB.
Masters:
Devang Odedra (2007-2008)
Devang has received his BASc. from the Engineering Science program (specialization in Biomedical Engineering) from the University of Toronto. Currently, he is working on his Master's project of directing endothelial cell growth on collagen scaffolds by means of immobilized protein gradients. He has developed three methods of macroscopic gradient generation in collagen scaffolds and is currently investigating the effect on endothelial cells. Through his project, he hopes to achieve better cell survival in engineered heart patches.
Fiona Rask (2007-2009)
Fiona Rask received her Bachelor's degree with honours from the Department of Chemical Engineering at Queen's University in June 2007. As a recipient of an NSERC CGS-M, she is currently pursuing a Master's degree in the Laboratory for Functional Tissue Engineering under the supervision of Dr. Milica Radisic. Her thesis is investigating an injectible hydrogel for cardiomyocyte delivery into the heart. Fiona has previously received two NSERC URSAs, which were used to work at Queen's University, one year in a physical chemistry lab and the following year at the Human Mobility Research Centre in a cartilage tissue engineering lab. In the proceeding school year, she continued her work in cartilage tissue engineering to complete her fourth year undergraduate thesis, studying the effects of antioxidants on the growth of cartilage tissue.
Melissa Brown (2006-2009)
Melissa obtained her B.A.Sc from the Biomedical Engineering option of Engineering Science at the University of Toronto (Class of 0T6). Her 4th year thesis research was done on Perfusion Bioreactor Systems for Cardiac Tissue Engineering, under the supervision of Dr. Milica Radisic. This research seeks to improve the functionality and thickness of polymer-based cardiac patches by varying bioreactor conditions. She is currently working in the Radisic lab as a summer student, continuing her thesis research.
Heidi Au (2006-2009)
Heidi Au received a Bachelor's degree with honours from the Department of Chemical Engineering at the University of Toronto in June 2006. Over the summer of 2006, she investigated the effect of contact guidance and electrical stimulation on myocardium cells. As a recipient of a U of T Open Fellowship, she is currently pursuing a Master's degree and her project involves the characterization of a cardiac progenitor population within the neonatal rat heart. Heidi's previous research experiences include stem cell work as well as wastewater treatment. Her undergraduate thesis, which focused on the study of genes involved in stem cell self-renewal and differentiation, was supervised by Dr. William L. Stanford. Heidi is also an active member of student clubs such as the Chemical Engineering Graduate Student Association (CEGSA) and Leaders of Tomorrow program at the University of Toronto. In fall 2005, she was part of the Student Program Organizing Committee for the Canadian Society for Chemical Engineering (CSCh
Fahad Chowdhury (2006-2009)
Fahad received his B.A.Sc (Hon) from the Engineering Science Program (Biomedical Option) at the University of Toronto, and was a graduate of the Class of OT6. His undergraduate thesis was titled "Engineering surfaces to enable the patterning of stem cells", where he worked under the supervision of Dr. Zandstra at the Stem Cell Bioengineering Lab. His present M.A.Sc. project will involve the patterned localization of the growth factor VEGF, to enable site-specific differentiation of mesodermal progenitor cells to endothelial cells or smooth muscle cells. Such a technology will allow for the development of cardiac patches flanked by vessels made of endothelial and smooth muscle cells. Outside of the lab, Fahad is an executive member of the Biomedical Engineering Student Association (BESA) and a member of the Biomedical Engineering Society (BMES) Toronto Chapter.
Mark Li
When embryonic stem cells (ESCs) are put in contact with cardiomyocytes (CMs), they improve the survival rate of CMs. Previous study showed that this effect only takes place when ESCs are brought into direct contact with the CMs. Mark's project is to inject fixed ESCs onto CMs to reproduce this effect. Should this happen, he will then isolate the membranes of the ESCs and attempt to identify the substrate causing this effect.
Jason Miklas (2012-2014)
Jason was a Master's student in the laboratory for functional tissue engineering. He completed his bachelor's degree at the University of Toronto in Materials Science Engineering with a minor in Bioengineering and an option in nanomaterials. He worked on understanding how mechanical and electrical stimulation of hESC-CMs affected their maturation. He is currently pursuing a PhD in bioengineering at the University of Washington in Seattle. Jason is working for Professor Hannele Ruohola-Baker, studying how microRNAs are able to regulate stem cell derived cardiomyocyte maturation.
Genna Conant
E-mail: gconant91@gmail.com
Genna graduated with honours from McMaster University in 2014 with a bachelor's degree in Chemical Engineering and Bioengineering. She recently joined the lab and has started her Master's degree in the Chemical Engineering and Biomedical Engineering Collaborative Program. Her research investigated the use of engineered cardiac tissues as an in vitro drug testing platform.
She defended her Masters in Feb 2017 and is currently employed as an intern with Hammock Therapeutics.
Undergraduate Students:
Shahed Al-Haque
Shahed is a fourth year undergraduate student in Engineering Science majoring in Biomedical Engineering. He is completing his fourth year thesis in the LFTE. Shahed research involves investigating the effect of environmental mechanical properties and micropatterning on the alignment and elongation of cardiomyocytes. Previous studies have focused on micropatterning cardiomyocytes in two dimensional substrates. While such studies are constructive, ultimately their veracity falls into question as they do not accurately represent the three dimensional native environment. The goal of Shahed's project is to direct 3D alignment and elongation of cardiomyocytes and assess their functional properties in a hydrogel of optimal mechanical properties. To learn more about the project, please feel free to contact Shahed directly.
Yan Liang
Yan is a fourth year undergraduate student in Chemical Engineering. For her undergraduate thesis project, she will work with Loraine to evaluate the use of injectable biomaterials to promote vascularization and angiogenesis. The goal of the project is to optimize vascularization and the alignment of the endothelial and smooth muscle cells.
Katrina Janic (2009-2010)
The main goal of Katarina's project is to develop an oriented 3D cultures of cardiomyocytes using hydrogels and electrical stimulation.
Kent Huynh (Summer 2010)
E-mail: khuynh@mit.edu Kent is working with Lewis on the project of developing injectable hydrogels, to replace those damaged by myocardial infarction. Specifically, the objective is to determine if these gels are capable of increasing survivability of cardiomyocytes and mechanically stable to withstand the beating of the heart. Kent is also investigating the effect of the angiopoietin-1 derived peptide QHREDGS to promote cardiomyocyte attachment and growth.
Zane Chu (2007-2008)
Zane Chu is a fourth year student in the Biomedical Engineering option of Engineering Science. He is currently working with Heidi Au to characterize a cardiac progenitor cell population in neonatal rat hearts. Specifically, his fourth year thesis is a study of the transcriptional profile of these cardiac progenitors over time using RT-PCR. His previous research experience includes work in fast PCR, microarray genotyping and single nucleotide polymorphisms at the UBC iCAPTURE Centre under Dr. Scott Tebbutt.
Bashir Bhana (2007-2008)
Bashir Bhana is a fourth year student in Chemical Engineering. He is currently working with Rohin Iyer to characterize the effect of substrate stiffness on the phenotype of cardiomyocytes. His previous research experience includes investigating novel techniques for the quantification of catecholamine content (for example, adrenaline) in the blood of newborn infants under Dr. Azar Azad and Dr. Kenneth Pritzker at Mount Sinai Hospital. Bashir is also the President of the Club for Undergraduate Biomedical Engineering at the University of Toronto.
Lara Fu
Lara is a summer and thesis student from Engineering Science (Biomedical) department. She is currently working on projects related to iPS cells in cardiac tissue engineering.
Kujaany Kana
Diabetic patients show dysfunction of CMs independent of MI indicating that diabetes directly affects CMs. However, the underlying mechanisms are not fully understood, and developing a diabetic CM test-bed could enable drug screening studies specific to the diabetic heart. In our previous studies, diabetic cardiac conditions were mimicked by cultivating neonatal rat CMs seeded onto collagen scaffolds in normal or high glucose with or without insulin. Interestingly, the application of electrical field stimulation enhanced electrical excitability parameters and the cell morphology in the high glucose group similar to the application of insulin. The beneficial effects of electrical field stimulation on engineered cardiac tissue were known to us from previous studies, however the underlying molecular mechanisms were yet to be elucidated. The goal of Kujaany's project will be to elucidate the pathways involved in these responses. Specifically, she will investigate the phosphorylation of PI3 kinase, AKT and MAPK under different conditions.
Yi-Hao Alex Shen (2006-2007)
Alex was a fourth year undergraduate student in engineering science biomedical option. His undergraduate thesis focused on immobilization of growth factors for cardiac tissue engineering. He can be contacted at yihao.shen@utoronto.ca.
Filip Marinkovic (Summer 2006, 2007)
Jane Chui (Summer 2007)
Ying Meng (Summer 2007)
Irene Cheng (2005-2006)
Irene's project investigates the effect of contact guidance and electrical stimulation on cardiac fibroblasts and myocytes that are cultured on vinyl coverslips. The objective is to imitate the structure and behaviour of cardiac cells in the native heart, which are characterized by cell elongation, alignment and synchronous contractions to electrical input. Contact guidance is a mechanical method of aligning cardiac cells by creating microabrasions on the surface of the vinyl coverslips. The role of electrical stimulation is to assess the contractile function of the myocytes and may be used to align fibroblasts and myocytes.
Sasha Kucharczyk (Summer 2005)
Mena Gewarges (2008-2009)
Work-Study Students
Anne Fu (2013-2014), Lana Ran Du (2014-2015)
Julia Antolovich (2015-2016)


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Mayo Civic Center Region 1 Wrestling Hall of Fame 2019 Class
The Mayo Civic Center Region I Wrestling Hall of Fame honored inductees and area teams and wrestlers on March 4th at the Southeastern Minnesota Wrestling Seniors Banquet at Charlie's Eatery in Rochester, Minn.
Over 300 people were in attendance to honor Section 1 teams (along with Kenyon-Wanamingo), their coaches, and Hall of Fame inductees.
Mayo Civic Center Region 1 Wrestling Hall of Fame 2019 Class. Row 1: L-R: Ryan King, Linda Kuisle, and Bruce Moe. Row 2: L-R: Ben Pherson, Paul Fishbaugher, Bob Phillips, and Roy Haag. Not Pictured: Ruth Siefert.
2019 MCC Region Hall of Fame Class.
Athlete Roy Haag (Lewiston-Altura): A 1980 undefeated state champion was 26-0 his senior year for Lewiston-Altura High School. Roy was also 22-1 and a 1979 state entrant. Considered by many to be one of the finest in the L-A Wrestling Program history. Roy wrestled for Hall of Fame Coach Frank Murphy at L-A.
Athlete Ryan King (GMLOK): Ryan was a state champion in 2001 and 2002. Ryan placed 2nd at State in 2000. Ryan was 103-7 in that three-year span. Ryan earned three NCAA II All-American honors For Augustana University, SD placing 3rd, 4th, and 5th. Ryan, a LeRoy-Ostrander 2002 High School graduate wrestled for hall of fame coaches Bill Simpkins, Jim Richardson, and contributor Dean Hiscocks,
Athlete Bruce Moe (Caledonia): In 1976 was a 3rd-place state winner at 138 for hall of fame Coach Leo Simon; and in 1980 was 3rd place for Winona State At 150 in the NCAA II National Championships. Still wrestling at age 61, Bruce captured the 2018 Masters World Championships in Both Greco-Roman and Freestyle Divisions. Bruce has earned six Veteran national titles, 14 other medals at that level, including a World runner-up and Bronze in the 2017 Championships.
Assistant Coach Bob Phillips (Owatonna): A 25-year assistant coach at Owatonna. Bob was selected Section 1AAA Coach of the Year, and Region 1 Minnesota/USA Coach of the Year. Bob was a key contributor to Owatonna's two state titles, and 10 state dual placing teams under hall of fame coach Scot Davis.
Contributor Ben Pherson (Kasson): Ben, the Rochester Post Bulletin Sports Supervisor since 2016, has been covering wrestling since 2006. Ben was awarded the MWCA Media Award in 2010. Ben has been in journalism for nearly 20 years. According to MCC Region 1 Chair Spencer Yohe, "Ben is the best at covering the sport of wrestling and giving recognition I've observed in my 55-year involvement in the Sport! Southeast Minnesota is blessed to have Ben as one of ours in the sport of wrestling." Ben, his wife Katie, and three sons – Jack, Henry, and Bennett reside in Kasson. Ben recently left the Post Bulletin to accept a position in the district offices at Kasson-Mantorville schools.
Meritorious Service:
Linda Kuisle (Kellogg): Linda is a behind-the-scenes volunteer that has helped make the Section 1 Wrestling Tournament one of the best well-run section tournaments in the state of Minnesota. Linda has been involved with USA Wrestling since the 1980s as a pairing master and volunteer at local, state, national, and world events.
Ruth Siefert (Rochester): Ruth has run the clothing sales stand at 15 Clash National Duals Tournaments. Ruth ran the NJCAA National Tournament clothing sales stand for all of the NJCAA Tournaments that RCTC hosted since the mid 1980s. RCTC has hosted as recently as 2007, 2009, and 2012. Ruth has also been a regular the past eight years at the clothing sales stand at the Section 1 wrestling tournament hosted by the Mayo Civic Center.
Official Paul Fishbaugher (Rochester): Paul was a five-year letter winner at Harmony High School (1992), under hall of fame Coach Jon Rhodes. The Harmony program is now called Fillmore Central/Lanesboro/Mabel-Canton. Paul has officiated for 23 years, and has officiated many Clash, Section 1, and State Wrestling Tournaments in that time span. Paul also helps volunteering with the Southern Minnesota Wrestling Officials Association in the mentoring of new and young officials.
Categories Community, High School News Tags Ben Pherson, Bob Phillips, Bruce Moe, Linda Kuisle, Mayo Civic Center Region 1 Wrestling Hall of Fame, Paul Fishbaugher, Roy Haag, Ruth Siefert, Ryan King Post navigation
Lorentz, Moser, and Kunshier are MWCA Coaches of the Year
Bison Prepare for Big 12 Wrestling Championship at BOK Center on March 9-10


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Шенуа — гора высотой 905 метров над уровнем моря, расположенная на средиземноморском побережье на севере Алжира.

География
Гора Шенуа возвышается над Средиземным морем с одной стороны и над холмами Алжирского Сахеля — с другой. С востока гора ограничена уэдом Надор, на котором стоит город Типаза, с запада — уэдом Эль-Хашем, протекающим через город Шершель.

В месте соприкосновения горы с морем перемежаются пляжи и отвесные утёсы. На карнизе Шенуа, тянущемся до города Шершеля, расположены многочисленные живописные деревушки.

Экономика
Склоны горы Шенуа используются для добычи высококачественного мрамора.

Население
Вокруг горы проживает особое берберское племя (около , использующих особенный вариант берберского языка.

Примечания

Горы Алжира

redpajama_set_name: RedPajamaWikipedia


The impressive rally in the bond markets has pushed the 10-year yield to all-time lows, and MBS prices to record high levels. Front-month prices of Fannie 3.5s closed on 6/1 at 105-10, the same day that 10-year yields closed for the first time below the 1.50% level. However, the strength in bonds has served to obscure a number of details. The first is that the rally has been concentrated in longer maturities. Since May 1st, the yield on the 2-year Treasury has barely budged, pushing the 2-10 spread to its tightest level in years (as shown in Chart 1 below). The flattening of the curve has also impact the forward LIBOR rates; using Eurodollar futures, the forward LIBOR curve has also exhibited a noticeable flattening, as shown in Chart 2.
There are a number of ways to interpret these developments. One is that the longer end of the curve (i.e., 7-years and longer) is the only place where there is room to move; at less than 0.70%, the 5-year has little room to move. It also suggests that investors expect the Fed to continue to buy longer-dated Treasuries even after the end of the Twist operation next month. This will be especially true if the Fed initiates another round of asset purchases in order to offset the risks of a renewed slowdown emanating from the European turmoil.
Despite the rally, "realized volatility" (or "vol) is quite low. Bond traders generally watch both realized and so-called implied volatility. Realized vol represents a statistical measure of how volatile bond prices or yields have been over some defined period of time, while implied vols are market-implied numbers derived from an option's price. Chart 3 indicates that 60-day realized volatility on the 10-year is close to its lowest level since last summer. Despite the steady decline in rates since early April, yields had been inching downward at a steady rate, although the market became quite volatile last week (which was reflected in the uptick in the shorter 40-day lookback volatility).
This is also reflected in implied volatilities on swaptions, which have also declined steadily throughout April and May and plunged last week. The tame volatility of the bond markets and the decline in implied vols both are generally supportive of MBS levels despite their stratospheric prices; since mortgages and MBS are implicitly short options, their prices tend to benefit from lower levels of volatility.
It's worthwhile to revisit trading and discuss recent developments in 30-year 3s, an item of strong interest to lenders. I discussed the illiquidity and lack of sponsorship of Fannie 3s in a writeup a few weeks ago, prior to the latest downdraft in mortgage rates. With consumer rates trending below 3.80%, lenders now have an even greater incentive to attempt to sell 30-year 3s. It's interesting to note that the price behavior of Fannie 3s, as illustrated by the Fannie 3.5/3.0 swap, has recently exhibited better and more rational behavior. Chart 4 contains a scatterchart showing the Fannie 3.5/3.0 swap versus the level of 10-year Treasury yields.
The chart indicates that the pricing of Fannie 3s) has been much better behaved since mid-March than it was earlier in the year. The R-squared of the fitted values (basically a measure of how closely the fitted values represent the data points) is 0.42 for the entire period in question; since March 9th, however, the R-square is 0.84, implying a much closer fit and more predictable relationship between the swap and Treasury yields.
While I continue to believe that 30-year 3s have no natural private buyer, the Fed appears to be filling the void by buying roughly 100-200mm in Fannie 3s each week. (In the last report, the Fed bought $250mm FN 3s in July.) While small relative to the purchases of other coupons, Fed buying has been enough to create at least the appearance of reasonable liquidity in the coupon, and makes it a decent sale for mortgage bankers looking to hedge their pipeline of sub-4% 30-year conventional loans. It's also understood that the coupon will perform poorly in the event of a broad market selloff, which makes it a good sale in the current environment.
Originators need to be cautious, however, and aware of a number of potential pitfalls. At times, the coupon can seem to trade poorly, with fairly volatile price movements and very wide bid/ask spreads. For example, Treasuries opened sharply lower on Monday 5/21; early in the day, Fannie 3s had a quarter-point bid/ask spread before the market regained its footing.
Given its inherent illiquidity, originators using the coupon as a hedging vehicle should plan to assign loans to the trades; expecting to pair these trades off could backfire under a variety of circumstances. These could include a short squeeze, too many hedgers looking to pair out of trades at the same time, or the lack of sustained buying of the coupon by the Fed.