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On to Karnataka!
By Savi Posted On:October 28, 2010
With rains drowning most of Tamil Nadu's western ghats, Madhu and I wondered where we could head to next. Ooty and the Mudumalai National Park area were to be our last Tamil Nadu destinations on this route but that was not to be. Looking at the weather forecast and bus/train connections available from Coimbatore, we realized that it would make most sense to head to Bengaluru! So, it was on to Karnataka!
We took a cab from Poondi to Coimbatore train station and then bought General class tickets for Bengaluru-bound express train at 12:40pm. We had more than an hour to kill and I worried how we'll manage 'coz most stations are too filthy to sit around in. But to our amazement we found an air-conditioned 'Waiting room' where one could sit and wait for just Rs.15 per person per hour. It was just too good to be true! We sat here comfortably reading up on the city we were heading to and relaxed. Apart from us, there were a few other passengers but it was not crowded. The room had a relatively clean bathroom as well; could not have asked for more!
In the past, when we've made last-minute train journeys where we haven't had the opportunity to buy tickets in advance, we bought General class tickets and then asked the train's ticket master to upgrade us to available seats in the air-conditioned carriages. We then paid up the difference between the General class ticket and the AC class ticket, for which we have always been given a receipt. This time too we hoped to be upgraded but the only seats available were in the Sleeper class; we had no options but to accept them. However, it wasn't as bad as we had dreaded. For a change it was nice to be able to look out at the passing scenery and enjoy the cool winter breeze. The train was on time and we were in Bengaluru' Cantonment station by 7:30pm. It had been a hassle-free journey.
Located in the south-western part of Karnataka, Bengaluru (formerly known as Bangalore) is the capital of the state. It is also known as the Garden City because of the numerous green spaces within city limits. In recent times it has gained worldwide popularity as the Silicon Valley of India due to the large number of multi-national software companies with offices here. For software engineers country-wide, Bengaluru has become a great option to consider living in not only because of great job opportunities but also because of its cosmopolitan feel and good weather conditions throughout the year.
We started our first day in the city with a visit to the Bangalore Palace. Built in the early 20th century by the then principal of the Central High School, the palace took more than 80yrs to complete. It was built as a smaller version of the Windsor Castle in England. Even while work was in progress, the palace was first bought by the British and later by the then Mysore ruler, Chamaraja Wodeyar. Today, it is still owned by descendants of the Maharaja. Standing regally over 454acres of land, the palace looks every bit English and completely incongruous to the surrounding Indian countryside. The palace grounds are, now, a popular venue for holding music concerts, exhibitions and even big, fat, Indian weddings!
We were appalled when the security guard outside the palace entrance forbade us from taking pictures of the palace's exteriors without getting a Photography Permit from the reception desk. We have never encountered this elsewhere; normally, photography permits are obtained only for permission to shoot inside a particular place. When we walked over to the reception desk we were in for another shock – entry ticket (including an audio guide) was Rs.175 per head, which was the highest we've ever been charged anywhere in India, and a Photography Permit was Rs.500 additional! We were absolutely livid – it felt like we were being robbed! We noticed that all the other visitors, including foreign nationals, were a little taken aback by the ticket price and especially the photography charge, which nobody bought.
And I'm glad we didn't bother paying extra either, 'coz the inside of the palace was really not that grand. The ballroom and common areas were a little gaudy with bright colors and poor workmanship. The only nice part was the inner courtyards around which the royal family's living quarters were built. Here the stone arches surrounding the courtyards looked absolutely lovely and must have been a great place for the residents to lounge in. However, our visit was a little marred by the presence of a film (or TV) crew that was busy filming something with a few actors. Their equipment lay strewn all over the place and we had to work our way around them; it was a little annoying! Overall, it wasn't a very pleasant visit!
We took an auto from outside the palace grounds to the lovely Chitrakala Parishath, on the Kumerakrupa road. It is an art institution that has a fabulous collection of paintings and sculptures, and also holds exhibitions promoting state and national-level artists of Karnataka. A College of Fine Arts is attached to it and is on the same campus, which is quite beautifully laid out. When we got there, we found art students all over the place either chatting or working on something – we were envious of their opportunity to study in such a nice place!
The Parishath has 2 galleries with works by Nicolas Roerich, a famous Russian painter, scientist, traveler and author. Another gallery held the private collection of a Mr. Kejriwal and this was absolutely fabulous! But my favorite of all were two halls dedicated to showcasing the Mysore style of painting, which, though very similar to the Thanjavur style, is not as gaudy but grander! Also, 3 or 4 large paintings of Indian village life by a Chinese painter were simply gorgeous and exquisitely detailed. There was also an exhibition-cum-sale of handicrafts from all over the country. I bought a pair of handmade wooden bangles with Warli-style (Maharashtrian folk art) motifs on it . For collectors, the institute has a small store where one can buy originals and prints of the paintings of featured artists.
Kumerakrupa is a pretty tree-lined street with a nice suburb feel. We ate lunch at a fast-food joint near the end of the street and then asked an auto-rickshaw driver to drop us off at Cubbon Park. Bengaluru people, including auto-drivers, speak decent Hindi or at least understood it well. In the whole of north and central India we managed all communications with Hindi, in Maharashtra with broken Marathi, in Kerala with Malayalam and in Tamil Nadu with a crazy mix of Tamil & Malayalam. But since we didn't understand a single word of Kannada, we expected communication to be a big problem for us in Karnataka. Moreover, people in South India are not particularly known for their Hindi-loving attitude. That's why we were happily surprised to hear it spoken so freely in Bengaluru; a true sign of the city's cosmopolitan tag!
Cubbon Park is one of Bengaluru's popular parks, right in the heart of the city. It was built back in 1870 by a British engineer and is spread over 100 acres of land. At its western end are a museum and an art gallery that we visited first. The Government Museum was quite small and was housed in an old but charming heritage building. It had a nice (but not spectacular) collection of sculptures and other works from the region. The collection was spread over 2 floors. Next to it, housed in a more modern building, is the Venkatappa Art Gallery, which displays the work of the famous Mysore artist, K. Venkatappa. The paintings were lovely and totally worth a look. The gallery displays contemporary work as well at times but not when we were there.
We entered Cubbon Park from behind the Government Museum building and immediately noticed how green the place looked. However, on closer look we realized that it wasn't maintained all that well. The original garden of the 19th century must have been quite grand but today it is a little dilapidated. Parts of it were really nice with green lawns and neatly trimmed bushes but other parts with large trees looked completely neglected. One corner was taken up by homeless people who had set up temporary tents as well. We walked around a bit, drank chai from a street-side vendor, got bored and left.
Just across from Cubbon Park, on Vitthal Mallya Rd (VM Rd), is United Brewery's (maker of Kingfisher beer) grand shopping mall called UB City. It houses only the most exclusive Indian and international brands, and looks absolutely chic! On its top floor, is a food plaza with cafes and restaurants where one can dine with a view of the skyscrapers around! We loved this space and vowed to stop by someday for dinner when the city lights would look awesome! Later we walked along VM Rd admiring the luxury apartments and bungalows along the way – it is probably one of the city's most expensive neighborhoods!
The following morning we visited the 18th century Mysore king, Tipu Sultan's Palace in the city. It is located at a busy intersection of a market and seemed the most unlikely of places for a palace. However, once we stepped into the palace courtyard, it completely blocked the chaos outside. The courtyard has nicely maintained lawns which front the beautiful, two-storied palace. It has wonderful teak pillars and colorful murals in the inside rooms; we were mesmerized! A small museum within the palace gave us information about the king and his fight against the British. Just by the palace, taking up some of its courtyard space is the Venkataraman Temple.
Our next stop was the famed Bull Temple dedicated to Lord Shiva's favorite mode of transport, Nandi. It's located atop a small hillock and is accessed via wide steps that lead up to it. The temple is not architecturally significant nor is the large image of Nandi in the inner sanctum very special. We paid our respects and left. We've heard and read that in the evenings this hillock has a nice ambience and is very popular amongst locals – maybe we should have visited later in the day. At the base of the hill is another temple dedicated to Lord Ganesha.
Our final 'sight-seeing' stop in Bengaluru was another of the city's popular parks: Lalbaugh. After the Cubbon Park visit we didn't have many expectations from this one, but thankfully, we were proved wrong! Spread over 240 acres in the south of the city, Lalbaugh is one of the finest botanical gardens we've been to. This 18th century park was commissioned by Hyder Ali but completed by his son Tipu Sultan. The park is bordered by a tank at its southwestern edge where tons of birds can be spotted. At the center of the park is the gorgeous Glass House, which is modeled after London's Crystal Palace. There is a Japanese Bonsai garden as well but it was closed when we were there. Just across from the Japanese garden is a rocky outcrop, which has been certified by geologists to be one of the world's oldest! We climbed to the top of it from where views out to the city were fabulous. However, the place was a little too littered to hang out for long!
In the evening, Madhu's college mate, whom he hadn't met for the last 15yrs, took us out for drinks and dinner. We have heard a lot about the city's 'pub' scene patronized by the young software engineers who have money to spare. So we were thrilled to experience a part of it at a pub called Purple Haze, a popular place that plays loud 90s rock music. It was a nice pub but a little too loud for conversation especially since the guys were trying to catch up on each other's lives. For dinner we went to Ruby Tuesday, an American chain that has been done up exactly like its American counterparts. It is located on Church Street, which is full of eateries and bars; a very lively place to hang out. Food at the restaurant was a little disappointing, though, and definitely over-priced.
We liked Bangalore's cool vibe and friendly people. There's nothing much to see here but it definitely felt like a decent place to live!


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Sheffield United lack fight and quality as Derby County drop Barnsley FC to the bottom
Exclusive: Robin Smith on attack in Yorkshire CCC row
Ratings: How Huddersfield Town players fared at Stoke City
HERE are the Huddersfield Town player ratings from Saturday afternoon's Championship game at Stoke City
Saturday, 11th September 2021, 5:14 pm
Action from Huddersfield Town's game at Stoke City. Picture: Getty Images.
Nicholls: Confident in his duties, but had little to do, in truth. No chance for Brown's leveller. 6
Pearson: Will not want to watch re-runs of Stoke's second goal when he failed to clear his lines and proceeded to put the ball in his own net. 5
Lees: Couldn't keep a header down just before the break. Booked early in the second half for catching Surridge in the face. Solid enough at the back and Town looked the worse without him. 7
Sarr: Will have been disappointed for Brown's goal and was not convincing in the second half. 5
Thomas: The newly-crowned Championship of the month for August showed moments of danger from set-plays from his choice repertoire. Will have surprised few that he had a part in Town's goal. 7
O'Brien: A spate of work as usual for the team. But little devilment in the final third. In the vicinity when Brown levelled and he and Sarr could not deal with Vrancic ahead of the hosts' second. 6
Hogg: Steady in first half, but found it tougher in the second half. 6
Toffolo: Kept his shape defensively and afforded a lovely bonus by way of his first goal since December. 7
Holmes: Featured on the right and could not dictate against a disciplined Stoke backline. Booked. 6
Campbell: Some nice link-up with Thomas early on and fought his corner. Tested Bursik in second half. Booked 6
Koroma: Did not sparkle as he can. Worked hard enough for the team, but not too much came off offensively. 6
Substitutes: Turton (Lees 67), 6; Sinani (Holmes 68), 6; Odubeko (Campbell 78). 6.
Not used: Bilokapic, Colwill, Ruffels, Vallejo.

redpajama_set_name: RedPajamaCommonCrawl


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August's top stories: Islamists captures Tripoli Airport, Gatwick invests in Cloud
Islamist-led militia captured Libya's Tripoli International Airport, while Gatwick Airport invests in Cloud-based technology to improve customer experience. Airport-technology.com wraps-up the key headlines from August 2014.
By Priyanka Sunder
Chopin Airport adds new apron to handle increasing cargo traffic
Chopin Airport in Warsaw, Poland, has completed the construction of a new apron to effectively manage the increase in cargo traffic.
The new apron has been built in the southern area of the airport, which is located next to the old cargo apron. It can accommodate up to three code F aircraft and six code C planes like Boeing 737 or Airbus A320.
This year, more than 27,000t of cargo passed through the airport, marking an 18.4% increase.
Asia-Pacific is seeing a hiring boom in airport industry cybersecurity roles
ESG innovation among airport industry companies has dropped off in the last year
North America is seeing a hiring boom in airport industry esg roles
Islamist-led militias capture Tripoli International Airport
Libya's Tripoli International Airport has been captured by Islamist-led militias called Fajr Libya, also known as Libyan Dawn, following a five-week siege.
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The violence triggered by the Libyan elections saw Islamist parties on the losing side. However, the airport's capture is being seen as a victory of Islamist elements over Tripoli.
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The field guide to safer roads and runways
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Local residents reported sounds of jets followed by explosions hours after the militias declared that they had captured the airport, which was previously under the control of pro-government militias.
Australia sets up counter-terrorism units at two major international airports
The Australian Government has set up two counter-terrorism units at Sydney and Melbourne Airports, following concerns over national citizens fighting in Iraq and Syria.
Prime minister Tony Abbott said operations have already started at both the airports, with the authorities intercepting one person of interest.
The government has taken this step in an attempt to crack down on Australian Muslims, who are suspected of joining extremist groups in Syria and Iraq.
ACI reports European airport traffic increase of 5.5%
European airport trade body ACI Europe has reported that the passenger traffic at airports has increased by 5.5% in the first half of this year.
There was an overall passenger traffic growth of 8.7% among non-EU members of ACI Europe, which includes Iceland, Israel, Norway, Russia, Switzerland and Turkey.
ACI Europe general director Olivier Jankovec said: "These first half year results are not only reflecting much improved economic conditions across Europe, they are also showing demand for air transport bucking macro-economic indicators, especially in the passenger segment.
Gatwick airport invests in cloud technology for improving customer experience
Cloud-based testing services provider SOASTA has announced that Gatwick Airport has invested in a platform for CloudTest that will help in accelerating collaborative work and drive further efficiencies.
The initiative will enable the airport to improve the customer experience, as well as share information with airlines and ground services to improve aircraft turnover time.
The move is a part of the airport's drive to adopt cloud technology to achieve greater economies.
Auckland Airport launches energy-saving programme
New Zealand's Auckland Airport will be working with the support of the Energy Efficiency and Conservation Authority (EECA) to achieve energy-saving targets.
The airport will invest more than $3m in measuring and managing energy over the next three years. With the implementation of the programme, the airport plans to save 6GWh of energy. This amount of energy is worth more than $2m and can provide electricity to 750 homes every year.
This has the potential of reducing approximately 1,000t of carbon emissions every year.
London Luton Airport records busiest summer ever with over one million passengers
London Luton Airport in the UK has experienced its busiest summer ever, with more than one million passengers flying from the airport during June and July.
Passengers flew to more than 100 different destinations, which includes 15 new routes to destinations such as Naples, Catania and Skiathos. Several new routes to Copenhagen, Lyon and Basel will be available later this year.
The airport has predicted that it will see an increase in the number of passengers and that the number will be the highest in its 76 years in operation.
Pittsburgh International Airport to get new terrazzo floor
The Allegheny County Airport Authority (ACAA) in the US has announced a collaboration between a local artist, construction officials and Pittsburgh International Airport (PIT) to work on a new terrazzo floor in the airport's airside terminal centre core.
The floor will be designed by artist Clayton Merrell, who is an art professor at Carnegie Mellon University.
To occupy close to 69,000ft², the floor will feature silhouettes of five iconic views and prominent landmarks of Pittsburgh. The central element would feature a vast blue sky with clouds, contrails and inlaid aircraft.
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Priyanka Sunder
April's top stories: Screening of airport employees at US airports, thousands await evacuation in Nepal
March's top stories: Hong Kong $17.2bn expansion, Yemen airport seized by rebels
February's top stories: Snowstorms cancel US flights, increase in global air traffic
Read all about it: SITA's new aviation industry report


A group exhibition of online artworks by queer artists working in digital media.
Responding to the growing international inquiry into practices of #queertech in digital art circles, the QueerTech.io curatorium (Alison Bennett, Travis Cox, Xanthe Dobbie & Mark Payne) have invited artists from around the world to come together digitally, physically and oh-so-queerly to contribute internet artworks, projects and provocations to the ongoing #queertech conversation.
Harnessing the power of digital technology, QueerTech.io will be showcased simultaneously at Brisbane Powerhouse and down in Melbourne at the Midsumma Testing Grounds as well as through the online http://QueerTech.io website.
ExtremeVR is supporting this event, by providing 360 degree fully immersive video, fully immersive gaming and virtual reality environments using the latest in VR experiences. As the largest provider of VR hardware in Queensland, ExtremeVR provides the sensation and life like experience of what it would be like to swim with Sharks, Turtles and Dolphins or even to ride a Roller Coaster.


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Choosing Immigration Over Single Market Access, and Why the Pound Will Suffer
For all the vagueness and propaganda that surrounded the Leave campaign's bid to exit the European Union, there was a clear theme that emerged among voters. This was the often controversial topic of immigration, as the relatively open borders of the EU had allowed for an influx of migrants and caused the electorate to question whether or not the government was prioritising the needs of its own people.
It was this sense of fear and insecurity that was exploited mercilessly by Leave campaign, which also leveraged the fervent support of supposed out-cast Nigel Farage to carry the day and ultimately win the referendum vote.
If those who voted thought that change would be swift and decisive, however, they will have been sorely disappointed. So although Theresa May replaced the outgoing David Cameron in the aftermath of the referendum results, the new Tory leadership has unfortunately dealt in rampant speculation rather than cold, hard facts and a concrete exit plan for the UK. She has pledged to trigger the dreaded Article 50 by the end of March, however, hoping to conclude what will most likely be fraught negotiations by the autumn of 2018.
What Does a 'Hard' Brexit Mean, and Why is It Favoured by Voters?
While these plans are a little vague and slightly ambitious, they also offer a unique insight into the type of exit strategy that the UK will pursue. Previously, there had been speculation as to whether May would prefer a 'soft' Brexit, through which the UK would maintain some form of single market access, or a harder alternative that would sever all ties with the EU and re-establish the nation's sovereignty.
Any lingering doubts were settled at the beginning of the year, however, when May addressed the electorate to confirm that the UK would look to make a clean break from the EU. This reflects the true nature of the Leave campaign, while it also underlines the fact that Britain is likely to exit the single market completely. In fact, May also stated that the UK would not seek to replicate the model enjoyed by countries such as Norway and Switzerland, nor would it look to retain any form of partial or associated membership regardless of its potential benefits.
This is the path favoured by Tory Euro sceptics and the majority of hard-line Brexit voters, thanks primarily to the aforementioned issue of immigration. After all, while a hard Brexit will require the UK to surrender its access to the single market and redefine new trade deals with the help of the WTO (World Trade Organisation), it will also regain total control of its borders and immigration policy. This is the pivotal factor that has ultimately influence May's strategy, as she looks to deliver a result that will satisfy the majority of Leave voters.
The Choice Has Been Made Between Single Market Access and Border Control, but How Will it Impact on the Pound?
Ultimately, May has been forced to make a decision between single market access and full border control, as EU ministers have made it clear on several occasions that the two are not mutually exclusive. Although this will enhance her popularity among Brexit voters and ensure that she retains the majority of support among the electorate, however, it also represents a significant political gamble that does not present a very appealing trade-off. We have already seen the economic impact of this too, with the value of the pound plummeting and Chancellor Philip Hammond forecasting challenging times ahead.
In the aftermath of May's announcement, ETX Capital reported that the value of the pound plunged to its lowest level since October's 'flash crash'. This nearly equalled a 31-year low, as the currency fell to $1.1986 before regaining some of these losses over the course of the next few days. While many Brexit enthusiasts will argue that the pound endured similar troughs immediately after the referendum result and May's last Brexit update in October before rebounding, there is no doubt that exiting the EU for real will have longer-term implications for the ailing pound.
To begin with, a weak pound will be unable to compete with the world's major currencies, particularly the robust U.S. Dollar (USD) and the surprisingly resilient Euro (EUR). Given that it would most likely fall further once the UK severs its ties with the EU, this would dramatically increase the price of imports and place businesses under a huge strain. They, in turn, would raise their own prices to the consumer, creating a cycle of decline and oppression which is further exacerbated by rising EU tariffs.
Much would depend on the UK's ability to negotiate new trade deals with Commonwealth nations and independent economies such as the U.S., of course, but these countries would hold a distinct advantage once Britain had already extradited itself from the single market. This could ultimately trigger a sustained economic decline or a recession, forcing the UK to take drastic action in the bid to undercut its EU partners and regain competitiveness.
Chancellor Hammond has already suggested that London businesses would need to alter their course if they were to cope with the fluctuating pound and the prospect of increased prices, or run the risk of losing trade and customers to European rivals such as Germany.
While Prime Minister May has yet to outline her plan in careful detail, she has at least delivered a clear statement of intent that prioritises immigration reform and full border control over continuity and single market access. She has taken a huge risk in the process, however, as while such a move may placate Brexit voters it could also damage the economy while dragging to country backwards and away from the concept of globalisation. A weakened pound is the first portent of how such an exit plan will impact on our economy, while it is also one that could impact on trade and consumer spending in the long run.
Of course, a great many things can happen before the UK finally leaves the EU, as May must first see if she is granted the permission to trigger Article 50 without a parliamentary vote. She must also reveal a more concise and detailed exit plan to the electorate, at least if she is to justify her gamble and the choice of unchecked border control over single market access (while also reinforcing and rebuilding the value of the pound).
Found in guest post, UK, vote
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Italian Restaurant in Manchester
Browse Italian Restaurant in Manchester featuring photos, videos, special offers and testimonials to help you choose the right local Italian Restaurant for you.
Unit 1 3 Hardman Square, Manchester, Greater Manchester, M3 3EB
Frankie & Benny's
Unit 15, 27 Withy Grove, The Printworks, Manchester, M4 2BS
Frankie & Benny's serves up the best of New York Italian cuisine to offer you big flavours and massive choice. Whether you...
756 Wilmslow Road, Manchester, Greater Manchester, M20 2DW
Gino D'acampo
Ground Floor The Corn Exchange, 37 Hanging Ditch, Manchester, Greater Manchester, M4 3TR
Unit 21 Piccadilly Station, Manchester, Greater Manchester, M1 2PB
Unit 13 The Corn Exchange, 37 Hanging Ditch, Manchester, Greater Manchester, M4 3TR
Affect to Foods Ltd
688-690 Wilmslow Road, Manchester, Greater Manchester, M20 2DN
Don Marco
Unit 1 Campfield Arcade, Liverpool Road, Manchester, Greater Manchester, M3 4FN
Due Fratelli
249 Barlow Moor Road, Manchester, Greater Manchester, M21 7GJ
96 Bury Old Road, Manchester, Lancashire, M8 5BW
Cocotoo Restaurant
57 Whitworth Street West, Manchester, Lancashire, M1 5WW
Dom's Tavola Calda
40 Deansgate, Manchester, Greater Manchester, M3 1RH
The Pasta Project
Unit 33 Harpurhey Shopping Centre, Lee Road, Manchester, Greater Manchester, M9 4DH
Piccolino - Individual Restaurants
6 Lapwing Lane, Manchester, Greater Manchester, M20 2WS
CLOSED - Frankie & Benny's
34 St Annes Street, Manchester, M2 7LE
Mezzaluna Italian Mediterranean Restaurant
603 Wilbraham Road, Manchester, Lancashire, M21 9AN
Salvi's Ltd
Unit 1 The Corn Exchange, 37 Hanging Ditch, Manchester, Greater Manchester, M4 3TR
Outsourcery PLC
1 The Avenue, Manchester, M3 3AP
Don Giovannis
1-2 Peter House, Oxford Street, Manchester, Greater Manchester, M1 5AN
4 Lloyd Street, Manchester, Greater Manchester, M2 5AB
Unit 5A, Parrs Wood Entertainment Centre, Wilmslow Road, Manchester, M20 5PG
10-14 South King Street, Manchester, Lancashire, M2 6DW
Mumbai Spice
327 Hollinwood Avenue, Manchester, Greater Manchester, M40 0JA
First Floor Acresfield, 8 Exchange Street, Manchester, Greater Manchester, M2 7HA
Gio Restaurant
5-7 Lower Mosley Street, Manchester, Greater Manchester, M2 3WS
Pesto Restaurant
The Great Hall, The Trafford Centre, Manchester, Greater Manchester, M17 8AA
44 Canal Street, Manchester, Greater Manchester, M1 3WD
3-11 Liverpool Road, Manchester, Greater Manchester, M3 4NW
The Place The Great Hall, The Trafford Centre, Manchester, Greater Manchester, M17 8AA
Rosso Restaurants
43-45 Spring Gardens, Manchester, Greater Manchester, M2 2BG
Frankie & Benny's UK Ltd
Wilmslow Road, Manchester, M20 5PG
3 Gateway House, Piccadilly Station Approach, Manchester, Greater Manchester, M1 2GH
Jenny's Restaurant
Britannia Hotel Manchester, 35 Portland Street, Manchester, Greater Manchester, M1 3LA
San Carlo Cicchetti Within House Fraser
King Street West, Manchester, Greater Manchester, M3 2QG
Scanditalia
101 Sale Road, Manchester, Greater Manchester, M23 0BQ
San Siro Italian Restaurant
84-86 Princess Street, Manchester, Lancashire, M1 6NG
Left Bank, Spinningfields, Manchester, Greater Manchester, M3 3AN
Giorgio's Italian Restaurant
131 Portland Street, Manchester, Greater Manchester, M1 4PY
84-86 Princess Street, Manchester, Greater Manchester, M1 6NG
House Of Fraser Ground Floor, King Street West, Manchester, Greater Manchester, M3 2QG
14 Via Brazenose Street, Manchester, Greater Manchester, M2 6LW
4 Norfolk Street, Manchester, M2 1DW
The Orient, Trafford Centre, Manchester, M17 8WW
40 King Street West, Manchester, Greater Manchester, M3 2WY
The Villaggio
44 Canal Street, City Centre, Manchester, Greater Manchester, M1 3WD
12 The Orient, The Trafford Cent, Trafford Park, Manchester, Greater Manchester, M17 8AA
700 Wilmslow Road, Manchester, Greater Manchester, M20 2DN
Greensboro Italian Restaurants
6104 W Market St, Greensboro, NC 27409, United States, Greensboro, Greensboro, NC, 27409
Peter House, Oxford Street, Manchester, M1 5AN
Award-winning restaurant Don Giovanni is the oldest independently-owned Italian in Manchester, established in 1984. We've proudly...
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La Tasca Restaurant
76 Deansgate, Manchester, Greater Manchester, M3 2FW
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WSJ: Google Is Going To Announce An Android TV Set-Top Box At I/O
Jun 25, 2014, 7:00pm
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Q: Prove complex logarithm problem involving Euler Mascheroni constant I want to prove/disprove the following equation:
$$\text{Log}{\frac{1}{\sqrt{z^2+1}}} = -\frac12 \ln\left(\frac{1}{z^2}+1\right)-\ln\lvert z\rvert - \gamma$$
Which $\gamma$ is the Euler Mascheroni constant.
This problem arise when my textbook said
$$\mathcal{L} \Bigg\{\frac{\cos(t)}{t}\Bigg\} = \text{Log}\left(\frac{1}{\sqrt{s^2+1}}\right)\tag{1}$$
But, Wolfram gave me
$$\mathcal{L} \Bigg\{\frac{\cos(t)}{t}\Bigg\} = -\frac12 \ln\left(\frac{1}{s^2}+1\right)-\ln\lvert z\rvert - \gamma\tag{2}$$
My attempt:
Here, my working start is deal with my laplace transform:
$$\begin{align}
\mathcal{L} \Bigg\{\frac{\cos(t)}{t}\Bigg\} &= \int_0^{\infty}\frac{e^{-st}\cos(t)}{t}\,\Bbb dt\\
&= \int_0^{\infty} \frac{e^{-st}\left(e^{it}+e^{-it}\right)}{2t}\,\Bbb dt\\
&= \int_0^{\infty} \frac{e^{t(s-i)}}{2t}\,\Bbb dt + \int_0^{\infty} \frac{e^{-t(s+i)}}{2t}\,\Bbb dt
\end{align}$$
I'm stuck there. If i continue, maybe i would get some exponential integral function. But how to produce equation $(1)$ or $(2)$??
I need a help. Thanks!
P.S. haven't tried to use $\text{Log}(z) = \ln|z| + i\text{Arg}(z)$ since i don't know what $\text{Arg}\left(\dfrac{1}{\sqrt{z^2+1}}\right)$ is.
And btw, i'm not sure Wolfram use $\log$ as $\text{Log}$ or $\ln$.
Here is the screenshot:

A: Here's one way the Laplace transform can be derived:
$$
\begin{align}
f(t) &= cos(t)/t \\
t f(t) &= cos(t) \\
\mathcal{L} \Bigg\{t f(t)\Bigg\} &= \mathcal{L} \Bigg\{ cos(t) \Bigg\} \\
-\frac{d}{ds} \mathcal{L} \Bigg\{ f(t)\Bigg\} &= \frac {s}{s^2 + 1} \\
\mathcal{L} \Bigg\{ f(t)\Bigg\} &= - \int \frac {s}{s^2 + 1} ds \\
u &= s^2 + 1 \\
\mathcal{L} \Bigg\{ f(t)\Bigg\} &= - \frac{1}{2} \int \frac {1}{u} du \\
 &= - \frac{1}{2} ln(u) + C \\
 &= - \frac{1}{2} ln(s^2 + 1) + C \\
 &= ln(\frac{1}{\sqrt{s^2 + 1}}) + C
\end{align}
$$
IVT/FVT to find the value of the integration constant.
You'll notice that both of your forms are very close to each other:
$$
-\frac{1}{2} ln (\frac{1}{s^2}+1) - ln(s) \\
-\frac{1}{2} ln (\frac{s^2 + 1}{s^2}) - ln(s) \\
\frac{1}{2} ln (\frac{s^2}{s^2+1}) - ln (s) \\
ln (\frac{s}{\sqrt{s^2+1}}) - ln(s) \\
ln (\frac{1}{\sqrt{s^2+1}})
$$
So the question comes down to the integration constant $-\gamma$

redpajama_set_name: RedPajamaStackExchange


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what was the collective name for the four ancient sporting tournaments in greece?
Table the contents:
What was the cumulative name for the four ancient sporting tournaments in greek Brainly?
The PanHellenic games
What to be the four major Panhellenic festivals?
Over a resolved circuit that four year (periodos), the Greek human being gathered to take part in the four significant panhellenic festivals, the Olympic (founded in c. 776BC in honour the Zeus), the Isthmian (c. 581BC honouring Poseidon), the Nemean (c. 573BC, Zeus) and the Pythian (c.
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Prete, fai un miracolo è un film del 1975 diretto da Mario Chiari.

Trama
Il giovane sacerdote italiano don Alberto viene mandato a New York, dove si trova solo e subisce l'indifferenza tipica della metropoli. Viene coinvolto da un gruppo di giovani hippy, gli "angeli della morte" che hanno annunciato il loro suicidio collettivo per protestare contro la società che è priva di amore e vittima del sistema che uccide tutto. Il sacerdote cerca di fuggire ma poi decide di restare in mezzo a loro per cercare di portarli a più miti consigli e farli rinunciare al loro gesto. Rendendosi conto di non riuscire nel suo intento, il giovane sacerdote si uccide in una rituale dimostrazione che vuole rinnovare il sacrificio di Cristo. Il suo gesto porta il frutto desiderato perché i ragazzi rinunciano al suicidio.

Produzione

Regia
È il primo e l'unico film come regista di Mario Chiari, grande uomo di spettacolo che ha lavorato con Luchino Visconti nei film Ludwig e Le notti bianche, con Federico Fellini ne I vitelloni, con Vittorio De Sica nel film Miracolo a Milano e con Carmine Gallone nel film Casta Diva e naturalmente in moltissime altre occasioni di lavoro. Ha ricevuto varie volte il Nastro d'argento alla migliore scenografia.

Collegamenti esterni

Film drammatici

redpajama_set_name: RedPajamaWikipedia


background spread cloth on the lawn.
Splendor Solis, 1582. British Library.
One day an employee of mine asked me off-handedly, "How are medieval clothes washed?" Without thinking I answered, "In a running stream and beaten on a rock." About a month later a customer called to praise us for the authenticity of our clothing, "Even the care lables are authentic!" "What," I wondered, "was she talking about. They didn't have care lables in clothing in the Middle Ages." So I checked the lable and was suprised to find that my employee had taken me at my word and printed a batch of lables that read "Wash in a flowing stream and beat on a rock!"
Now clothing from Chivlary Sports comes with modern instructions but this incident did make me curious about how people kept themselves and their clothing clean without the aid of indoor plumbing, washing machines, 24-hour dry cleaners, and modern cleaning products.
I searched the internet and found a lot of misinformation about the origin of soap and the horrid hygiene of the Middle Ages and Renaissance. Many sites repeated the story of how soap was discovered by accident on Mount Sapo in Greece where animal sacrifices resulted in wood ash and animal fat mixing in the rain. Well first, archeologists have not found any Mount Sapo used for sacrifice. Greeks didn't sacrifice the fat of animals, only the bones and hide. On the other hand there is evidence of soap production in Egypt and Babylon long before Greeks were building temples. In fact, the earliest soap recipe ever found was written in ancient Babylonian on a clay tablet around 2200 BCE! (Wikipedia) Pliny the Elder wrote that the Gauls and Germans used soap on their hair, which he found odd. At that time Romans didn't use soap at all, though they bathed in water and removed dirt from their skin with a scraper called a strigil. The father of physicians, Galen, advocated the use of soap for cleaning clothing and bodies in 200 AD and reported that German soap was best. By the 1600s soap manufacturing was a big business in Europe. Vegetable fats like olive oil were used to make Castile soap in Spain and White Soap in Italy. Southern France became famous for its scented soaps. In England, King Charles I granted a monopoly on the manufacture of soap for £20,000 in 1630.
According to Katherine Ashenburg, author of Clean: An Unsanitized History of Washing, every culture defines for itself the acceptable level of clean. Even today doctors warn that over-washing can damage our hair and skin but we are more influenced by advertisers who insist that showering daily with their products is the only way to be socially acceptable. When we wash our clothes after every wearing we are not only supporting the detergent makers but also reducing the useful life of our clothing, thereby making it necessary to buy more clothing. We are also polluting the oceans with detergent and other chemicals. But in a modern consumer culture we are told that humans should not smell like humans but like a "piece of fruit or a cookie." Most of us don't get very dirty each day. We wash to remove natural musky smells, then we treat our clothes and bodies with perfumes often made with musk. The people of the Middle Ages rarely used soap on their bodies but they did use perfumes and scented oils. They washed their hair as little as possible but they brushed or combed it daily to give it luster. Women wore their hair up and covered to protect it from dirt and smoke. Men hired barbers to shave or style their beards. Medieval and Renaissance art rarely depicts body hair on men or women so they may have plucked or shave their bodies like the Muslims.
Bathing once a week was the norm in the Middle Ages. During the Renaissance personal habits took a turn for the worse. Plagues, wars, and social upheaval in the 1400s led to a collapse of the feudal system across Europe. Masses of people moved from rural areas to towns that had no sewers or water treatment capabilities. By 1500 so many wells and waterways were polluted by sewage dumped into the streets of the rapidly growing cities that water was widely believed to be dangerous to health. Since they didn't understand the connection between pollution and disease, even rainwater and clear lakes were suspect. Doctors warned against bathing because it "removed the protective layer of dirt and sweat" on the skin! While they may have carried things too far (Queen Elizabeth only bathed every three months,) dermatologists are now suggesting that showering a couple times a week is, in fact, better for your skin than daily washing. Your skin and scalp produce natural oils and antibacterial chemicals that protect you from germs. Over-zealous washing can cause chapped skin, reduce immunity and stimulate the oil glands to overproduce. But, lest you think our ancestors all went months without bathing, consider this—it was customary to offer travelers a bath when they arrived and ettiquette demanded hand washing with scented water before each meal. In Muslim countries hand and foot washing was required before prayers five times a day. Ritual bathing and baptisms were a part of important Christian ceremonies like elevation to knighthood, so clean water was still associated with goodness. Regardless of what doctors said, people still craved the sensuous pleasure of a warm bath and were willing to pay. Along with other pleasures, brothels offered luxurious baths accompanied by music, food, and wine.
Drying clothing on the lawn, Jan Bruegel, 1625.
To prevent sweat from soiling the outer-clothing, linen under-clothing was worn next to the skin and changed daily. If it wasn't dirty, the linens were simply aired out and worn again. Most people had enough underclothing to last a month, even if they only owned one or two changes of outer clothing. Outer clothing was rarely washed. Stains were spot treated. Then the valet would hang the clothes over a frame then brush the fabric to remove dust and dried sweat. If the clothing smelled bad, it was perfumed by hanging it over burning incense or heated perfume. When it was time to wash the linens, it was a big project and took many hands to complete.
Some under-clothing only needed rinsing in the stream. But clothing with oily deposits, stains, and body odor needed more work. The linens were first boiled in water to loosen the oils and grime from the fibers. This also disinfected the clothes though a Medieval laundress was blissfully unaware of the danger of germs. While the clothes were still warm, the laundresses would beat the wet, folded linen to drive the water from the fibers with force and soften the fibers. If the cloth still had stains, it was treated in various ways with lye, soda, ox gall, alum, vinegar, or lemon juice then rinsed with clear water. Stains on dyed fabric were treated with homemade stain removers applied to cloths made of the same color as the soiled fabric so that any dye transfer would be the same color. Recipe books for stain removers were nearly as common as cookbooks.
Bible Picture Book, 1327-1335, British Library.
Some clothing and dyestuffs were heavily soiled with oil and grease. They used soap made of tallow and wood ash lye to remove grease. They also used other products like fuller's earth, powdered bone, starch, pulverized soapstone, and feathers to absorb oil and grease in clothing. Wax and resin were removed by heating the stain and rubbing tallow into the softened mass. Tallow melts at a lower temperature making it easier to remove, sort of like using peanut butter to remove gum from hair. Then they would use a heated silver spoon or a tailor's iron and an absorbent cloth to remove the rest.
They dried the clothing in the sun by hanging it on temporary clotheslines or by laying the clothing out on the grass. Not only did the sun bleach the cloth but the oxygen expelled by the grass also acted as a natural bleaching agent. Leaving the linens on the grass for up to four weeks in summer resulted in permanent bleaching to a dazzling white. Another method that was only effective on silk and wool was to fume dampened fabric with burning sulphur. This creates sulphur dioxide, a poisonous gas so fuming had to be done in specially built chambers. Keeping linens white while not damaging the gold or silk embroidery was especially problematic. The solution included soaking the item in warmed urine for half an hour! Lye was also used for bleaching and treating stains. There were many different recipes for lye. The strongest lye solutions included lime, a very caustic substance. Some of the weaker llye mixtures used ashes from wine lees (dried grape husks left after fermentation) gentian roots, and even ashes from pea pods.
Clothing had to behung on pegs or stretched over bell-shaped frames to dry inside during wet or cold weather. They smoothed out the wrinkles during drying so they rarely had to iron anything. Ironing was used mostly during the tailoring processes to create flat seams and curved collars. Special irons that looked a little like curling irons were used on ruffs in the Renaissance to give them a perfect curve. To preserve the crisp shape, linen was soaked in a starch solution and ironed while it was still a little damp. Sometimes the starch was tinted to make the ruffs a pastel pink or blue.
The Dye Woorkes a page of links to 16th century recipes for stain removers and dyes.
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How To Stop Apologizing
Sorry to say, but if you're like me, I bet you apologize a lot more than you realize. Here's how to stop.
By Auriane Desombre
When someone told me I say sorry too much, I decided to count how many times I apologized in a day. I expected a number around five, and I expected that to sound like a lot. So when I hit twelve, I was shocked to say the least. I apologized before I asked a question in lecture. I apologized to a friend when Netflix stopped working. I apologized to some guy on the subway when he stepped on my foot. The worst part is, he didn't even apologize back.
As it turns out, I'm not alone. A study found that women apologize more than men, and report committing more offenses. It's not that men are less willing to apologize, but that women find it necessary to apologize more often than men do. But that doesn't mean we shouldn't try to stop.
Over-apologizing at work can be detrimental to your career
Apologizing is often necessary, and a sincere apology can go a long way in terms of repairing a friendship and forgiving others. But if you pepper sorry into your everyday language, those sincere apologies lose their impact. Plus, over-apologizing negatively impacts your self-esteem and makes you seem smaller to others. Cutting the ever-present sorry from your speech is hard, but these techniques will help erase these unnecessary apologies:
Count Your Apologies
The first step to solving any problem is recognizing you have it. Tomorrow, start counting how many times you apologize. When I did, the number certainly took me by surprise. Notice every time you say sorry throughout the day. If you're a chronic apologizer, the word has probably infiltrated your speech to the point where you don't even notice it slipping out.
Pause And Think
Before apologizing, pause to consider whether you really need to say you're sorry. If you're about to ask a question, ask an employee for a favor, or smooth over an awkward situation even though you aren't at fault, don't apologize. You shouldn't feel guilty for asserting yourself, so don't let guilt seep into your language.
Look For A Different Phrase
If you use "sorry" as a filler word where it doesn't belong, take a second to find another. If you're asking a question, replace the "sorry" with "I have a question" or "I was wondering." If you're trying to smooth over an awkward situation, say "excuse me" and move on. Chronic apologizers pepper "sorry" into their sentences like nervous high schoolers pepper "um" into their class presentations, so it could be that all you need to do is find another filler phrase—one that bolsters your confidence instead of tearing it down.
Realize Your Worth
Over-apologizing can come from low self-esteem, especially if you use 'sorry' to preface questions or comments. Remind yourself of your worth and speak with confidence. You should not apologize for your existence or your feelings.
Be Firm
Often, women in positions of authority apologize to soften a request in an attempt to be well-liked. But apologizing in these cases undermines your authority. Remember: you're not "being bossy" if you're the boss. Don't apologize for it.
As someone who uses the word sorry like punctuation, I know how hard it can be to remove it from your everyday vocabulary. But I also know that it means I'm perpetually apologizing for participating in conversations, asking questions, and taking up space. In short, I apologize near-constantly for my existence. With these tips, I became aware it and have managed to avoid apologizing unless I'm actually in the wrong. Use them to show 'sorry' the door, and rebuild your speech with confidence.
Do you ever catch yourself apologizing for no reason?
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Auriane Desombre
Born in France but raised all over the place, Auriane has wanted to write ever since she was old enough to spell her name. In her spare time she loves reading, hanging out with her best friends (even when they're not in the same time zone), and spontaneous singing with her Broadway-bound roommate.
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Reader Discussion: 105 Comments
Janice Way
I know like 5 people who do this and after reading this, I shared it to them.
Latonia Carter
#2 is important. Before you say sorry, ask yourself if it was really your fault. If someone steps on your foot and you're the one who has to apologize, then there's something wrong there. If there's anyone that should be apologizing, it's them. Most people would say that apologies equal to humility but not all the time. People are quick to assume that whoever says sorry first is the person who did something wrong, even though they didn't. Sorry isn't used correctly nowadays.
SHARON DUBOIS
Even sorry is used wrong. What kind of world is this?
Jeanette Dzienis
Words like this are invented for a reason. Let's not use it other than it's purpose.
Anita Von
This isn't healthy if it becomes a habit. It can make you feel inferior.
Louise Jones
Unless you really did something wrong, it would be wise to stop saying sorry for no reason.
Dawn Breedlove
While it's good to admit your fault and say sorry, don't take it too far by apologizing for doing nothing.
Oh no I have a friend that's like this and I always remind her not to apologize for the simplest of things.
Madison Doyle
Apologizing can be bad especially if it's in the wrong context. Like the one in this article. Was it ever your fault that Netflix doesn't do its job?
Estelle Tiana
Even at work, you shouldn't do this. People immediately assume that you're a push over. Learn how to stand your ground.
Heidi Conner
Sorry just used to be the white flag you raise. But now it's like an act of submissiveness and weakness. Not sure how or when this happened, but it's like apologizing makes us feel so weak when it should be the other way around. Sorry is strength, because you had the courage to say it even though you felt bad about it. Yet, people say sorry for trivial things like sneezing, and Netflix stopping, your internet connection, what else? When all the while, men won't even say SORRY to you.
Alex Prout
Yep, sorry is the white flag in relationships but outside of that, it's a different concept.
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We collaborate with researchers at the University of Notre Dame in the effort to develop and distribute low-cost paper-based tests to determine the potency of drugs in Africa. As many as 1 in 3 packages of medicine sold in the developing world don't meet pharmacopeia standards. Some of these products are poorly manufactured; some are degraded by bad storage conditions, and some are outright fakes in which expensive active ingredients are replaced with cheap fillers like acetaminophen, chalk, or flour. It's an injustice that affects billions of people who happen to live in countries that lack the technological and regulatory infrastructure to ensure a safe medicine supply.
In many parts of Bangladesh, groundwater contaminated with inorganic arsenic is used to flood the rice fields and so rice grown under these conditions takes up substantial amounts of arsenic that is transported into the grain (as well as other parts of the plant). Consumption of this rice delivers a dose that is a significant addition to the arsenic burden which could easily exceed acceptable risk thresholds.
Consumers should be aware of the inorganic arsenic content of the various types of rice they are eating so as to make informed decisions about how much of a particular rice to eat and to employ preparation and cooking procedures that could minimize the exposure to the potentially harmful inorganic arsenic compounds. The need for this information is global, as almost all rice contains inorganic arsenic and many countries do not have any regulations concerning the maximum allowable concentrations.
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I know we are all focused on the Fed decision this afternoon, but the markets are going to come back to the implications of this I...
Stocks Cling to Support Ahead of Apple, the Fed and the BoJ
2016-01-26 14:11:00 James Stanley, Contributor
- Chinese stocks saw another brutal session, with the Shanghai Composite falling by -6.42% and the Shenzhen Composite falling by -7.12%.
- Many other bourses are clinging to support ahead of heavy data: Apple reports earnings after the bell today, the Fed finishes their two-day meeting tomorrow, and the Bank of Japan issues a monetary policy statement towards the end of this week.
- Potential for volatility for the remainder of this week is extremely elevated. Make sure your risk management has been addressed, and if you're looking for ways to generate trade ideas based on crowd positioning and sentiment, check out our Real-Time SSI. It's free.
It's been another rough night for Chinese equities as stocks from the Mainland dropped to a new 13-month low. The Shanghai Composite got hit by -6.42% while the Shenzhen Composite was off by -7.12%. Perhaps more troubling is the fact that the Shanghai Composite appears to have left behind a pivotal support value at the psychological level of 3,000. This is a huge level for the bourse and over the previous couple of weeks, price action clung to this level for quite a while, when even dips would return to support (becoming new resistance).
Last night's session was relatively flat ahead of the mid-day break, but after traders came back for the second half, the selling was constant and prices just got pulverized.
There's a lot of confusion around Chinese stocks right now, and making matters more difficult is accessibility of information. Getting market intelligence out of China isn't anywhere near as simple or thorough as what's available for more developed economies. But to put these recent moves in scope, I've created the below chart in excel using closing values for the SSE Composite Index.
On the chart below, we're looking at the anatomy of a bubble. Few realize what happened in Chinese stocks before the selling really took hold. In the blue box, you can see a bubble building as the Shanghai Composite shot from 2,000 to 5,131 in less than a year. There were no obvious catalysts here… Stocks just, went up. And as stocks went up, more people got interested and involved, and before you know it you have a full-blown cultural phenomenon. Farmers were throwing down their pitchforks in favor of laptops so that they could day trade Chinese stocks, and in many cases they were levered-up as much as possible.
Shanghai Composite 7/1/2014-Current; data derived from Yahoo Finance; prepared by James Stanley
As you can see on the above chart, we've just hit the point where we've erased nearly all the gains of the 'bubble.' The long-term running value of 2,000 on the Shanghai Composite would be an obvious level to target for shorts, but when panics become involved in such matters, price action will often overshoot. Just like the S&P went all the way down to 666 during the panic of the Financial Collapse.
But perhaps more troubling is the technical indication of what's happening (or just happened). We warned of the bear-flag building in Chinese stocks well before it broke, and I even titled the article: "Chinese Stocks Are in A Massive Bear Flag, and This is How We Got Here.' A bear flag formation is, unfortunately, not a reversal pattern. It's a continuation pattern. And this setup back in November and December was telling markets that the selling wasn't over yet. It was the turn of the New Year that brought that to light.
But the technical indication of relevance right now is that 3,000 level on the Shanghai Composite. This old level of support is now a new level of resistance, and it appears as though we're sitting in front of a continuation move in the trend.
On the Bright Side:
The only real silver lining here is that most other global bourses didn't see that same type of pain that reverberated throughout China. I've even seen some morning reports saying 'contagion fears are dead because the DAX (or insert any other favorite stock index) isn't going down today.' Be really careful with that type of stuff. One day is simply an observation; it takes weeks or even months for a theme to develop. And right now that theme is risk aversion in stock markets around the world and there are a plethora of reasons for that. We discussed these risks to the global economy to end last year in part 1, part 2 and part 3.
The fact that the DAX, and the Nikkei and even the S&P 500 continues to trade so near support shows that this isn't a market in which buyers can't wait to get their bids filled. If it were, prices would have already went up (and this is the reason price action is so utterly important for both traders and market watchers – it separates fiction from reality). It also shows that markets (excluding China) aren't ready to make big movements lower just yet because if they were – we would already see increased selling and this, in and of itself, would move prices lower. But neither of these are happening at the moment; it's almost as if the market is waiting on something…
The remainder of this week has quite a bit of heavy data. This week alone has 50% of the companies in the S&P 500 reporting earnings, and if there is a direct driver of stock prices, earnings are probably it. We can see major volatility in the S&P 500 depending on how these numbers come out. The big one that markets are waiting for is Apple, which can give investors a clue as to how well Chinese growth is holding up and, perhaps even further, to get a prospect of that boogeyman term we mentioned above: 'contagion.' We discussed this prospect in the article Apple, Oil to Cue Global Markets. This was from last October, and we were warning of the direct correlation that had built between US Stocks and US Oil. Apple has also been displaying a leading indication of Chinese growth, with some tapering in demand being seen over the last year.
On the chart below, we're looking at a correlation between Apple (AAPL) and the S&P 500. Notice how each of the two major sell-offs of the last six months, were preceded by a major drop in Apple first. In mid-July, Apple topped-out and began selling off as we moved in to August. Later in August, the S&P got hit by worries over China. Again, in December, Apple began selling off viciously in the early portion of the month, only to be followed by the S&P later in the month.
Created with Tradingview; prepared by James Stanley
If you've never traded earnings, let me warn you: There's a lot of noise in these reports, and the pertinence of each is usually very subjective in nature. Top-line numbers are good and all, but what analysts are looking for here is a specific indication of how aggressively Chinese demand might be waning. So the real numbers of importance here are a) iPhone sales/shipments to Mainland China (their primary growth market at this point in the product cycle) and b) revisions to earnings estimates for upcoming quarters.
This second data point is probably the most important, as both Apple and Tim Cook have continued to allude to continued strength in China. At this point, Apple hasn't made any suggestions that they're seeing a slowdown in their business growth in China, even if their numbers did raise some questions on that front over the previous two quarters. Given the company's cozy relationship with Chinese authorities, it makes sense to not expect them to come out and say 'it's all going down!' So, the devil is in the details here, and if they do actually want to communicate the expectation for weakness in China, it will likely be done in a word-smithy and diplomatic type-of-way.
This could be a big one. Report comes out after the bell.
Tomorrow brings us the Fed. There were never really any expectations for a hike at this meeting considering that we just had one a little over a month ago, but interesting here will be the statement or any comments that the Fed might make towards Oil prices or 'International risks.' If the Fed takes a really dovish stance, alluding to the fact that rate hikes might be on hold while Oil prices are so low or something along those lines, this could be risk positive as we watch stock markets tear higher. The Fed appears to be the big push point here as risk aversion really heated up right after that first rate hike. But as we've been saying, the fact that it took ~2 weeks for the selling to really develop after that rate hike highlights the fact that it's probably not the 25 basis point hike itself that's causing the pain, but more likely the four full rate hikes that the Fed is expecting for this year. Even if the next hike or the one after that goes off successfully, investors are still looking at another 50 basis points of hikes in the remainder of the year, and that is a markedly different operating environment after six years of ZIRP.
So this gives the Fed some room to work with. By setting expectations artificially 'more aggressive,' the simple act of them getting more conservative (more dovish, less hawkish – they aren't as aggressive towards rate hikes), then that may be a type of support in-and-of-itself. The only problem at this point is that it hasn't worked: We saw James Bullard try something similar two weeks ago, but the selling only hastened further.
As we move into tomorrow's Fed meeting, US Stocks are clinging to support by a thread. We just set a new low last week, and the relief rally that ensued after Mario Draghi's QE-hints just gave markets a lower-high to work with. The S&P is still seeing continued resistance at 1,905, which is the 23.6% retracement of the previous major move (2,137 top to the 1833.50 low). The fact that price action is still working within this Fibonacci retracement indicates that extensions below price action may come in as future targets should new lows be made.
Created with Marketscope/Trading Station II; prepared by James Stanley
--- Written by James Stanley, Analyst for DailyFX.com
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James Stanley, Contributor
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