Boulevard of Broken Dreams served as the title tune for a stage musical which played 11 February - 9 March 2003 at the Coconut Grove Playhouse: featuring a libretto by Joel Kimmel the play was based on the life of composer Al Dubin - played by Jordan Bennett - and featured a number of Dubin compositions as its score.
The song "Boulevard of Broken Dreams" has been added to the score of the stage musical 42nd Street for its 2017 West End run being performed by Sheena Easton in the character of Dorothy Brock: the Daily Express opined that "Boulevard of Broken Dreams" seemed "out of place" in 42nd Street while stating that Easton sang the song "splendidly".
This piece is written as a tango in the harmonic minor scale. The song is in the key of E minor.
Ted Weems and His Orchestra recorded the song with vocals by Elmo Tanner on December 5, 1933 in Chicago on the Bluebird label as catalog number 5288.
Jan Garber and His Orchestra recorded the song with vocals by Lee Bennett on December 14, 1933 on the Victor label as catalog number 24498. Their recording remained on the U.S. Billboard chart for 11 weeks and reached number six in 1934.
Ed Lloyd's Rhythm Boys recorded the song with vocals by Helen Ward on February 2, 1934 on Conqueror Records as catalog number 8261.
Bing Crosby sang the song with Jimmie Grier and His Orchestra on April 16, 1934 on his radio show Bing Crosby Entertains (the Woodbury series).
Connee Boswell recorded the song on April 27, 1934 on the Brunswick label for the b-side of the 78rpm single to "Carioca" as catalog numbers 6871 and 01783.
Bert Ambrose and His Orchestra recorded the song with vocals by Sam Browne in 1934 on the Brunswick label as catalog number 01721.
Harry Sosnik and His Orchestra recorded the song with vocals by Frances Langford on July 3, 1939 in Los Angeles on the Decca label for the b-side of the 78rpm single to "Moonglow" as catalog number 2861.
The King Cole Trio (featuring Jack Costanzo on bongos) recorded the song July 26, 1949.
"Boulevard of Broken Dreams" is a signature song of Tony Bennett who was signed by Mitch Miller to Columbia Records on the strength of Bennett's 1949 demo of the song. In his debut Columbia session on 17 April 1950 at CBS 30th Street Studio Bennett - backed by the Marty Manning orchestra - recorded "Boulevard of Broken Dreams" to serve as Bennett's major label debut single release on 27 April 1950. Bennett subsequently recorded the song in 1990, 2006 - as a duet with Sting for Bennett's Duets: An American Classic album - , and 2007.
Instrumental versions of this song include the version by jazz piano virtuoso Art Tatum, from "The Complete Pablo Solo Masterpieces".
Billy Eckstine's first greatest-hits compilation - "Billy's Best!" Mercury, 1958 with Bobby Tucker Orchestra, by arrangers Henry Mancini and Pete Rugolo.
In 1958, Morton Downey Jr. sang the song on national television on a set that resembled a dark street with one street light.
It was covered by No Wave artist James White on his 1983 album Flaming Demonics.
Marianne Faithfull also covered it in her Hal Willner produced weary/lush album Strange Weather in 1987 and later on 20th Century Blues (1996).
Monsieur Camembert featured it one their ARIA award-winning self-titled album, Monsieur Camembert, sung by Jacqi Stoddard.
Diana Krall covered the song on her 1996 album All for You: a Dedication to the Nat King Cole Trio and on the International Limited Edition version of her 2006 album From This Moment On, which was also released as a bonus track on iTunes.
This song was featured on a BBC Apprentice advertisement in 2010. It was also featured in all of the five concerts for Amy Winehouse's return tour in 2011 in Brazil.
It was covered by the progressive rock group Café Jacques on their 1978 album International.
Leslie Cheung covered it in 1996 and included the cover in the Japanese edition of his album Red.
The song was sung live on the ABC show Dancing with the Stars in 2010 (Season 11, episode 4) by the show's band during an Argentine Tango dance featuring Anna Demidova & Andrey Begunov.
Sylvia Brooks covered the song on her 2013 album Restless.
Puddles Pity Party recorded a cover of the song in Doppler Studios, Atlanta GA on Sept 29th 2015.
^ Mangravite, Ronald (27 February 2003). "The Avenue He's Takin' You To".
^ Arditti, Michael (9 April 2017). "Theatre reviews: 42nd Street and The Goat".
^ Auction catalog: Connie Boswell - 335 Carioca/Boulevard of Broken Dreams. page 5. docstoc.com. January 31, 2012.
^ Bennett, Tony (1998). The Good Life: the autobiography of Tony Bennett. NYC: Simon & Schuster. pp. 102, 265. ISBN 978-1-4165-7366-1.
^ "Proud Profession/Boulevard of Broken Dreams". 45cat.com. Retrieved October 21, 2016.
^ "Café Jacques - Boulevard Of Broken Dreams". Discogs. Retrieved January 2, 2014.
This page was last edited on 5 April 2019, at 00:09 (UTC).


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QAnon - IS BACK! Week to Remember, IG Report Coming Soon
By Katie G. June 04, 2018
BREITBART: Senate Judiciary Chairman Sen. Chuck Grassley (R-IA) announced the date for a hearing on the Department of Justice (DOJ) Inspector General (IG) report about Federal Bureau of Investigation (FBI) officials' conduct ahead of the 2016 presidential election, including the Hillary Clinton email scandal.
Originally scheduled for Tuesday, the hearing will now take place at 2 p.m. on June 11 and is open to the public.
The hearing, titled "Examining the Inspector General's First Report on Justice Department and FBI Actions in Advance of the 2016 Presidential Election," will focus on the long-anticipated IG report.
Fox News reported in May:
"Justice Department Inspector General Michael Horowitz is slated to testify before congressional committees next month, presumably, after the release of his long-awaited report on the FBI's Hillary Clinton investigation during the 2016 presidential campaign, Fox News has learned.
Both the Senate Judiciary Committee and the House Oversight Committee are preparing to have Horowitz appear before them in early June, according to a congressional source.
Two figures are said to be at the center of the report — former FBI director James Comey (fired by President Donald Trump) and former FBI Deputy Director Andrew McCabe, (fired by Attorney General Jeff Sessions)."
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Awesome. Thanks Katie.
Hi Katie. Just wanted to let you know that I really appreciate you and all the hard work that you do to bring the truth to us. You are very talented (and funny) and I look forward to all of your next videos. Thank you so much and God bless.

redpajama_set_name: RedPajamaCommonCrawl


Guatemala's experiment with democracy, its first and only experiment, which went on for 10 years, was overthrown by the Eisenhower administration in 1954, opening a period of brutal repression and tortures supported strongly by the Kennedy administration, which essentially constructed the national security doctrine, not just for Guatemala-but for the whole hemisphere. That led to a plague of repression over the hemisphere, with direct US involvement strongly supported by Johnson as atrocities mounted in the late '60s, and so it continued. The atrocities peaked in the early 1980s under the Reagan administration, which publicly and openly-and, in fact, rather passionately-supported the killers now identified by the UN commission. This was known at the time perfectly well. Congress compelled the administration to state repeatedly that the human rights condition was improving not only in Guatemala but in El Salvador and Honduras so that the US could continue to support the regimes. Congress knew they were hearing lies; that is now recognized. The UN commission gives a grim report on Guatemala; there is an equally grim one to be given on El Salvador.
There's more. In presenting the report, the chair of the commission emphasized that the US government and private companies "exercised pressure to maintain the country's archaic and unjust socioeconomic structure."' The chair of the commission emphasized that because it's at the core of the issue wherever there are atrocities and terror. These reflect the socioeconomic structure, which is one of brutal repression for a large majority of the population. When people try to gain and protect some rights, an iron fist comes down, with the hemispheric superpower backing it. That's the story of "our little region over here."
... Why did the United States overthrow the one democratic capitalist government in Guatemala, and why has it maintained support for state terror ever since?
Guatemala was becoming what's called a "virus" which might infect others. It was threatening what's called "stability." "Stability" was defined by the US embassy as follows: Guatemala has become an increasing threat to the stability of Honduras and El Salvador. Its agrarian reform is a powerful propaganda weapon; its broad social program of aiding the workers and peasants in a victorious struggle against the upper classes and large foreign enterprises has a strong appeal to the populations of Central American neighbors where similar conditions prevail.
And that's unacceptable. That's undermining stability. The US coup restored "stability," restored the traditional social order, by violence. It's been maintained by extreme violence. The coup was undertaken and the terrorist regimes have been maintained for exactly the reasons just stated very clearly: to contain the threat of democracy and to roll back the social programs that were undermining stability because of their strong appeal to the population, not only in Guatemala, but in other countries of the region.
Let's move on to other examples of maintaining socioeconomic supremacy in "our little region over here." Recently in Tegucigalpa, the capital of Honduras, there was a meeting of 17 Latin American countries on the debt. The archbishop of Tegucigalpa, president of the Latin American Conference of Bishops, speaking of the debt, said that it "is not one more problem for us to face-it is the problem. The foreign debt is like a tombstone." Latin America Press, which comes from Peruvian liberation theology circles, reported what I'm now quoting, but it ought to be on the front pages here. It's a problem that we're creating and we're maintaining. But the conference was not even reported.
Then come the data. These are World Bank figures. The data roughly are the following: in the 1970s the Latin American debt was about $60 billion. By 1980 it had reached $200 billion. That's the result of very explicit World Bank and International Monetary Fund (IMF) policies that were urging banks to make huge loans and urging countries to accept those loans. Their economic theories ensured everyone that that was going to work great.
Those recommendations continued virtually right up to the day on which Mexico defaulted and the Latin American system collapsed. Up till then there was strong advice from the World Bank and the IMF to continue pouring in the loans. By 1990 the debt had gone from $200 billion to about $433 billion; by the end of 1999 it was expected to be about $700 billion. Meanwhile, from 1982 to 1996, about $740 billion has been sent back to the Northern banks and the international financial institutions in debt payment. In 1999, debt service alone amounted to about $120 billion. Just take a look at these numbers. It's clear that the debt will never be paid. It's impossible to pay. It's getting bigger and bigger, it's more and more of a capital drain from the poor to the rich, and that will continue and escalate without any change.
I'll give a final example, from the Wall Street Journal, a very enlightening front-page article. It's about Mexico since the North American Free Trade Agreement (NAFTA). NAFTA came along, and then the 1994 debacle occurred, when the Mexican economy went into a tailspin. The article starts out conventionally, reporting that since NAFTA, Mexico has been an economic miracle. It "enjoys a stellar reputation." It's a model that should be followed by other countries. The reason is that Mexico is following all the rules, doing just what the IMF tells it- meaning just what the US tells it, because the US decides what the IMF tells it. It's following all the rules, the macroeconomic statistics look great, foreign investors and wealthy Mexicans are prospering, everything is just perfect.
But. To the credit of the Wall Street Journal, it points out that there's a "but." Mexico has "a stellar reputation," and it's an economic miracle, but the population is being devastated. There's been a 40 percent drop in purchasing power since 1994. The poverty rate is going up and is in fact rising fast. The economic miracle wiped out, they say, a generation of progress; most Mexicans are poorer than their parents. Other sources reveal that agriculture is being wiped out by US-subsidized agricultural imports, manufacturing jobs have actually declined, manufacturing wages have declined about 20 percent, general wages even more. In fact, NAFTA is a remarkable success: it's the first trade agreement in history that's succeeded in harming the populations of all three countries involved. That's quite an achievement.
The point of NAFTA was to lock in the so-called reforms by treaty, so that even if there is a democracy opening-that hated danger-they won't be able to do much about it, because they're locked into these arrangements.
The Latin American debt that reached crisis levels from 1982 would | have been sharply reduced-in some cases, overcome-by return of flight capital, though all figures are dubious for these secret and often illegal operations. According to Karin Lissakers, currently US executive director of the IMF, "bankers contend that there would be no [debt] crisis if flight capital-the money the citizens of the borrowing countries sent abroad for investment and safekeeping-were available for debt payments," although "these same bankers are active promoters of flight capital." The World Bank estimated that Venezuela's flight capital exceeded its foreign debt by some 40 percent by 1987. In 1980-82, capital flight reached 70 percent of borrowing for eight leading debtors, Business Week estimated. That is a regular pre-collapse phenomenon, as again in Mexico in 1994. The 1998 IMF "rescue package" for Indonesia approximated the estimated wealth of the Suharto family. One Indonesian economist estimates that 95 percent of the foreign debt of some $80 billion is owed by 50 individuals, not the 200 million who suffer the costs in the "Stalinist state set on top of Dodge City," as Asia scholar Richard Robison describes Indonesia.
The debt of the 41 highly indebted poor countries is on the order of the bailout of the US Savings & Loan institutions in the past few years, one of many cases of socialization of risk and cost that was accelerated by Reaganite "conservatives" along with increase of debt and government spending (relative to GDP). Foreign-held wealth of Latin Americans is perhaps 25 percent higher than the S&L bailout, close to $250 billion by 1990.
The picture generalizes, and breaks little new ground. A study of the global economy points out that "defaults on foreign bonds by US railroads in the 1890s were on the same scale as current developing country debt problems." Britain, France, and Italy defaulted on US debts in the 1930s. After World War II, there was reported to be heavy flow of capital from Europe to the United States. Cooperative controls could have kept the funds at home for post-war reconstruction, but, some analysts allege, policymakers preferred to have wealthy Europeans send their capital to New York banks, with the costs of reconstruction transferred to US taxpayers. The Marshall Plan approximately covered the "mass movements of nervous flight capital" that leading economists had predicted.
There are other relevant precedents. When the US took over Cuba 100 years ago it canceled Cuba's debt to Spain on the grounds that the burden was "imposed upon the people of Cuba without their consent and by force of arms." Such debts were later called "odious debt" by legal scholarship, "not an obligation for the nation," but the "debt of the power that has incurred it," while the creditors who "have committed a hostile act with regard to the people" can expect no payment from the victims. Rejecting a British challenge to Costa Rican debt cancellation, the arbitrator-US Supreme Court Chief Justice William Howard Taft-concluded that the bank lent the money for no "legitimate use," so its claim for payment "must fail." The logic extends readily to much of today's debt: "odious debt" with no legal or moral standing, imposed upon people without their consent, often serving to repress them and enrich their masters. The principle of odious debt, "if applied today would wipe out a substantial portion of the Third World's indebtedness," Lissakers comments.


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Marcus Oldham College News & EventsMeet Ali Kennedy-McDonald
Meet Ali Kennedy-McDonald
In 2014 after finishing her Year 12 studies, Ali Kennedy-McDonald resigned from her job at a retail store and told her father, racehorse trainer Clinton McDonald, she wanted to work with the horses. Ali was at his Caulfield Racecourse stables the next day. It was while working at her father's stables that Ali realised her passion for the racing industry.
Here, she tells us how it all came about and shares an insight into her three-week work placement at Coolmore Stud in New South Wales.
During secondary school, did you ever think you'd be pursuing a career in the racing industry?
It was always something I thought about, but it was never something I thought I would be on my way to achieving. After school, I studied Marketing at RMIT University in the middle of the Melbourne CBD and at the time, thought it was something I would pursue. As time went on, I came to the realisation that it wasn't going to be what I wanted to do for the rest of my life. Hopefully one day I can combine the two (racing and media) as I'm passionate about both.
What was the specific moment that made you think "I want to have a career with horses"?
I wouldn't say there was a defining moment. The more I was involved and exposed to the insides of the industry, the more I appreciated it. It is so rewarding when a horse you work with and care for every day does well.
It also took me a while as I was afraid of horses when I was younger, but as I continued to work with them, I began to understand them more. From there, my passion grew, and I guess you could say I got 'the bug'!
Tell us a bit about what you were up to prior to studying at Marcus Oldham.
I was working with the ticketing/sales team for the Melbourne Racing Club for six months prior to coming to Marcus Oldham. It was great to work there and I thought about staying, however, I was told about the scholarships at Marcus and I applied. I told myself if I got a scholarship, I would take on the opportunity. It is one of the best things I've done.
How did you find out about Marcus Oldham and why did you choose this course?
I learned about Marcus Oldham through graduates of the College and they suggested I consider the course. When comparing the Diploma of Equine Management with other equine-related courses, Marcus Oldham was the most hands-on and practical. The specific focus on racing and breeding made it even more appealing to me, rather than the other courses which seemed too broad and very general.
What do you love about the racing industry?
I admire the animal, what they're able to achieve and the dedication of the people within the industry.
You're two weeks into your work placement at Coolmore Stud. Tell us about the placement and what you have been up to so far.
For the first week, I spent my time at Ellerslie (one of the foaling units), then over the weekend, I was working with the dry mares. Last night I was on foal watch and got to see two mares foal. It was incredible. Tomorrow I will be heading around with the vets to the different areas of the farm.
What have you learnt from your time at Coolmore Stud so far?
I've learnt a lot. As I haven't been involved in the breeding side of the industry, my knowledge was very limited. I have been constantly learning while I've been here and I'm only halfway. It's made me realise and appreciate how much work goes into our horses before they get to our stables.
What do you think are the main issues currently facing the racing industry?
The main issues facing the racing and breeding industry would be animal activists. Unfortunately, assumptions are made about equine industries that are based on false or un-educated facts/assumptions. Unfortunately, ignorant opinions are often the loudest.
The racing industry is so vast with so many opportunities, where do you see yourself in the near future?
Everyone says, once you know how to work with horses, you can go anywhere in the world. So with that in mind, I hope to travel and work at either studs or racing stables overseas. I want to learn and gain as much experience as possible and see where it can take me.
Want to stay updated?
Enter your name and email address and we will keep you informed of any upcoming events.
Register your interest for the Meet Ali Kennedy-McDonald.


If you were unlucky enough to create a Be Naughty account, then chances are great that you've finally had enough of it. It shouldn't be that surprising. They're nothing but a scam site after all. They've never operated like a real dating site and they never will. They put all of their time and effort into creating fake profiles to send you dozens of spam messages.
As you already know, you can't respond to any of them unless you pay to upgrade your profile. Naturally, after you've done that, you find out very quickly that it was all a lie. The messages were only there to trick you into thinking that there were real people here. The vast majority of the profiles are fake and the company knows it. They've been running this scam for years and they have no intention of ever stopping. As long as the internet exists, Be Naughty will exist and try to rip you off. Oh, and if you don't know about this site in general, then you need to read my review of it.
2. Click your photo in the right-hand hand corner of the page.
5. Type in your password when the site asks for it.
7. This is where they ask for a reason. Tell them that you don't like getting scammed.
8. Next up is a question about whether or not you really want to leave. Click Yes.
10. That's it! Your profile has now been removed from the site. You never have to worry about this terrible place again.
If you want to cancel your paid monthly subscription, things will be a bit more difficult. It's not so much a matter of following their steps as it is directly emailing them. You're going to have to send a message to support@benaughty.com.
Be direct and don't mince words.
Give them your username and email and tell them to cancel you. If you don't want to email, you're going to have to call. The number is 1-800-489-6091. This is intentionally meant to take you out of your way so you'll be more likely to just decide to forget about it. Don't do that. Put in the time and get yourself free of this site.
Finding out that you've been scammed is never any fun. The best thing that you can do is separate yourself from the people doing it and move on. The longer you remain a member, the more money you're going to have to shell out to them.
If you ever get the feeling that things are a little too good to be true, they probably are. Trust your instincts and never get mixed up with bad companies. There are more than enough good hook up sites out there to find what you're looking for. I suggest giving this "snap" dating site a shot.
Just tell them you are calling the police for internet fraud and be insistent on removing everything from their scam site, they will try everything they can to make you change your mind.
I finally got them to delete my account from benaughty.com, they moved my profile to bediscreet.com and getanaffair.com. This will never end unless you tell them multiple time you are calling the police.


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Quad City International Airport
By David T. Coopman
In 1922, three men were so captivated with flying they leased 30 acres of cow pasture south of Moline to serve as a landing field. Other early aviators and barnstormers began using Franing Field, and it soon became known as Moline Airport. The field hosted the Ford Reliability Tour four times, served as part of the original New York to Dallas airmail route, had passenger service as early as 1927, became one of Illinois's largest Works Progress Administration projects, weathered financial struggles and a battle with neighboring Davenport, Iowa, over which community would possess the area's commercial airport, and has enjoyed constant growth and updates for both airline and general aviation traffic. This collection of historical photographs and images will present the people, planes, events, and development of that former pastureland into today's modern Quad City International Airport, the third largest airport for passenger traffic in the state of Illinois.
Images of Aviation
6.5 (w) x 9.25 (h)
David T. Coopman is a former teacher, past president of the Rock Island County Historical Society, and a local history buff. He has authored two books on the history of local radio stations and two books in the Images of America series—Rock Island County and Davenport's WOC AM-FM-TV.


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LHR period product partnership launches
By Tara Craig 31st August 2022
Staff at Heathrow Airport will now have access to free period products thanks to a new multi-way partnership involving an award-winning social enterprise.
More than 100 Hey Girls free vend dispensers will be placed in the airport's staff female and accessible toilets from August, providing employees with free and environmentally friendly tampons and pads.
The partnership, between Hey Girls, Heathrow Airport's Altitude Gender Equality Network, and Mitie, comes following a successful four-month pilot at the airport which saw 24 dispensers placed in staff bathrooms.
It will also see period products donated to local community partners such as homeless shelters and women's refuges, thanks to Hey Girls' "buy one, donate one" model.
Daisy Williams, partnerships and contracts manager at Hey Girls, said: "This fantastic partnership will have an incredible impact on the lives of airport staff and nearby residents.
"The cost of living crisis is seeing more and more people in the UK struggle to afford period products and turn to often dangerous alternatives.
"Partnerships like this not only help support employees through these tough economic times, but also have a direct benefit to vulnerable people in the area.
"Period products are not a luxury, and we are so pleased that Heathrow Airport has joined us in our fight to ending period poverty once and for all."
All disposable Hey Girls products are made with sustainably sourced bamboo and are plastic free. They are also free of bleach, toxins, and perfume.
Louise Brown, head of Altitude, said: "Our partnership with Hey Girls and Mitie means that our colleagues will have access to free sanitary products.
"This important initiative will not only improve the wellbeing of colleagues in the airport, it also helps us support the end period poverty by donating products to our local community."
More than 1,000 products were donated to centres as part of the four-month trial, including Feltham Foodbank in nearby Hounslow Road.
Image: Emma Brooks, colleague welfare and logistics lead at Heathrow
Courtesy of London Heathrow Airport
Originally published in Airports International


If you're a business owner, chances are you're very familiar with marketing, and how important it is to use onsite and offsite marketing services throughout your business. One of the main things business owners can use to help their business excel is to engage in effective marketing practices. Getting the word out about your business is the first step to securing long-term clients and getting excellent reviews.
There are so many reasons to invest in high-quality onsite and offsite marketing services. For one, there is more potential for increased sales than usual. Clients who are satisfied with your work will continue to utilize your services and might even recommend you to their friends and family. That's free marketing for you!
This leads to another benefit for good marketing. Increased sales mean more clients to help build your company's name in your specific market. Maintaining a solid reputation lets others know you can be trusted to perform well and meet their needs through your business.
Onsite marketing refers to when online businesses and websites use different tools to engage with the active visitors and users of their websites. Onsite marketing strategies like pop-ups, requesting user email, and weekly newsletters allow business owners to engage with their potential clients and have a continuous line of connection with them. This leads to retaining more clients' interests in the website and keeping them "in the loop" about upcoming events.
Onsite marketing techniques can also make for a strong call-to-action. This method implores the users to take action or become a form of support for the cause right away. A strong call-to-action means a new client right away, and if effective, that client will continue to support even afterward.
Offsite marketing is equally as important as onsite marketing. Continuing to promote your business and services across different platforms brings in more clients than your website alone can. Offsite marketing needs to be interesting and catch the client's eye. If effective, offsite marketing is the line you use to hook your clients and reel them back to your website. Using good quality offsite marketing, like social media networking and adding blog and article posts, expand your business online presence.
Ultimately, the more effective your onsite and offsite marketing strategies are, the more likely it is that your website ranks as a top search online.


I thought it might be time to get some fresh inspiration for the new year ahead and figured what better way then to share some of the lovely inspiration boards from Style Me Pretty. These are just a couple of the amazing boards that caught my eye today, as they are all so incredibly beautiful it makes it hard to choose! I hope that you enjoy them as much as I do!


La Fabrique is a professional cabinetmaker, making bespoke furniture, art set-up and part of the Opendesk network for 2 years now. We met with La Fabrique's co-founders Fabrice Poncet and Nicolas Autric in Francheville, 8 miles from Lyon where they are based.
We created la Fabrique in June 2008 with the intent to become a 21st-century cabinet maker: local, collaborative and social. From the outset, we have tried to give space at work to fragile people - whether handicapped, redeployed or dropping out of school - with contracts, training periods, and placements with partner associations. We are building an industrial system where very experienced carpenters and people with few qualifications work together, organised in a team that makes interesting work for all. We believe that it is this work that keeps us standing, and makes us grow: staff must benefit from the good economic performance to which they contribute. Workers' investment and attachment to the company secures both performance and quality of life at work. We pay attention to the quality of relationships and to the quality of management. We want to recognise and reward the work we do with pride in the products that we produce. We try to work exclusively with French wood and give priority to local suppliers. We try to offer low impact wood: notably block-board panels with softwood cores. We use white glues and varnishes with no solvents. We are working to reduce our energy consumption, to reduce and re-use our waste. Our wood offcuts are used for heating or re-used by young artists and for DIY.
From the outset, we have tried to give space at work to fragile people - whether handicapped, redeployed or dropping out of school - with contracts, training periods, and placements with partner associations.
We are building an industrial system where very experienced carpenters and people with few qualifications work together, organised in a team that makes interesting work for all. We believe that it is this work that keeps us standing, and makes us grow: staff must benefit from the good economic performance to which they contribute. Workers' investment and attachment to the company secures both performance and quality of life at work. We pay attention to the quality of relationships and to the quality of management. We want to recognise and reward the work we do with pride in the products that we produce.
Opendesk: How does Opendesk support your mission as social and environmental entrepreneurs?
Fabrice Poncet: La Fabrique is not an insertion enterprise. We are a for-profit company that wants lay the foundations in building better businesses for a more fraternal society.
Anchored in the commercial sector, we want to be an effective complement to insertion and handicap structures. To take up this challenge, we seek the best social innovations, in our ecosystems, at the heart of our workshop.
Like us, Opendesk is a commercial company with a wider mission. We join Opendesk to democratise access to high quality designs, and to industrialise our vision of the massively distributed factory of the future. They are visionaries, creating a platform capable of restructuring the world of furniture: more efficient, more responsible, and, especially, more human.
Fabrice Poncet: First, Opendesk - furniture and business models - are designed from a clean sheet of paper, to do better in all areas: more economic, more aesthetic, more functional, more respectful to the environment, and easy to assemble.
Next, the Creative Commons licensing system used by Opendesk allows us to share value equitably and to balance our classical commercial transactions with more high human impact initiatives.
Finally, by publishing our creations around the world, and by providing 'recipes' tested for digital making, Opendesk provides us the opportunity to live our project at planetary scale, from within our western Lyon and Rhone-Alpes-Auvergne regional ecosystem.
Opendesk: Let's talk about the MIX project!
Fabrice Poncet: We cut the panels using a partner's CNC machine, since we don't yet have our own. The MIX's founders, friends and family then worked weekends to make the furniture. This shows the different options for the same piece of furniture: buying fully-finished from a maker, or investing time for the pleasure of making it yourself, by buying just the cut-out parts.
Fabrice Poncet: The MIX experience led us to launch the Open Emploi project: acquire a CNC machine to create 3 jobs for people excluded from work, document this experience, then find enterprises willing to duplicate across France. To complement our current offer, we will propose furniture under Creative Commons licence, like Opendesk.
The CNC machining does the complex part of the work. The next steps (de-burring, sanding, assembly, finishing and packaging) can be done by people with handicaps or as part of insertion.
We work in close partnership with Opendesk for CC - licensed furniture, with Artibois (mental illness), Le Valdocco (insertion), Les Liserons (autism), Le Prado (protection de la jeunesse) and La Mirly (insertion and handicap). A prize from the AVIVA competition and the support from Umanao.com, a collaborative commerce site should allow us to finance the exceptional expenses: feasibility studies, training, extra supervision, documentation and project dissemination.
We want to prove that it is possible to offer 15% of the jobs of a SME to people with handicaps or in professional insertion, in France and without public subsidy. There are 3 million SMEs in France: if each one chips in, then the whole society will be better off!
Where amazing design, old school craft and new age digital tooling come together.
From apprentice woodworker to successful bespoke kitchen maker. We meet Dan from Evie Willow.


Industry 4.0 and IoT is a topic that appears more and more in today's news and industry. A lot has already been said about this topic and a lot more will be said… It is the beginning of a whole new future.
We had the honor to work on this issue with Prof. Mauro Serpelloni and Prof. Paolo Ferrari, both from the University of Brescia and two experts in the field. They invited and selected authors from the 2018 IEEE International Workshop on Metrology for Industry 4.0 and IoT to submit their contribution to our magazine. This resulted in some nice papers that will tell you all about the future.
Speaking about the future… Only a few more days to go and we have to say goodbye to 2018 and welcome 2019! We are ready for it!
I wish you all a peaceful ending of 2018 and a splendid beginning 2019!
Today we are assisting the rapid growth of industrial applications involving the new Information and Communication Technologies combined with mass deployment of the Internet of Things (IoT); the change is so deep that it has been called the fourth industrial revolution. However, we must highlight that these profound transformations of the industrial world, often considered slow-reacting, are possible also thanks to the recent developments in the field of metrology; monitoring remote physical phenomena and trying to control them, requires the development of new sensors, new acquisition techniques and systems, improved algorithms, new performance assessment methods, and so on. Therefore, it is becoming more and more important that the contributions of metrology interrelate to the development of Industry 4.0 and IoT ecosystems and, in turn, the new opportunities offered by Industry 4.0 and IoT for the development of new measurement methods and apparatus.
For these reasons, this special issue of Instrumentation and Measurement Magazine is focused on the relevance of the metrology for Industry 4.0 and IoT systems. Several authors who presented papers at the May 2018 IEEE International Workshop on Metrology for Industry 4.0 and IoT were invited to write submissions about their recently extended scientific research.
When dealing with IoT, we cannot miss considering structural health monitoring. The paper "IoT for Structural Health Monitoring" by Carmelo Scuro, Paolo Francesco Sciammarella, Francesco Lamonaca, Renato Sante Olivito, and Domenico Luca Carnì covers the most important and currently critical necessity concerning structural health monitoring from the point of view of IoT systems. An overview of the different types of Structural Health Monitoring (SHM) used to identify, detect and characterize the degradation and damage of all types of engineering structures is given, and then the benefits and the improvement, obtained thanks to the application of IoT paradigms, are discussed.
The paper "The Influence of Measurements and Feature Types in Automatic Micro-Behavior Recognition in Meal Preparation," co-authored by Alberto Fornaser, Teruhiro Mizumoto, Hiroiko Suwa, Keiichi Yasumoto, and Mariolino De Cecco, deals with the need for a machine to understand and trace human activities and behaviors in order to enable it to support or to imitate human operators. The results include experiments for collecting human daily activities that confirm the identification accuracy of the micro-behaviors related to the handling activity with achieved accuracy in the classification of 78%.
The role of location estimation techniques for Industrial IoT is emphasized in the paper "Enhancing Access to Industrial IoT Measurements by Means of Location Based Services" by Paolo Bellagente, Federico Bonafini, Claudio Crema, Alessandro Depari, Paolo Ferrari, Alessandra Flammini, Giovanni Lenzi, Marco Pasetti, Stefano Rinaldi, and Emiliano Sisinni. In this paper, after explaining the needs of location-based services in Industrial IoT, the authors highlight the advantages of their application to distributed measurements systems and distributed Human-Machine Interfaces. The characterization of the quality of the position estimation of sensors and actuators is carried out in a real world experiment using Bluetooth Low Energy and Ultra Wide Band techniques.
The paper "Smart Quality Control Station for Non-Contact Measurement of Cylindrical Parts Based on Confocal Chromatic Sensors" by Paolo Chiariotti, Matteo Fitti, Paolo Castellini, Saverio Zitti, Marco Zannini, and Nicola Paone deals with the need for smartness in connected test stations. In particular, the dimensional measurement of cylindrical components for quality control is considered, and smart behaviors have been added to keep measurement uncertainty under control, by means of adaptive parameter adjustment.
We hope that the content of this special issue can catch the interest of I&M Magazine readers, especially those involved in the challenging, exciting and promising world of Metrology for Industry and IoT.


RealTerm FRP Bypass – There are many methods to bypass the FRP Protection but in this article, we will provide you detail methods by using RealTerm application. No need to be a worry at all here we have a 100% working method for you to FRP Bypass using RealTerm Application. So keep on moving through articles you will hit the 100% working method to RealTerm FRP Bypass.
You need to follow the guide step by step in order to bypass FRP using RealTerm Application.
Very First Step is to download FRP bypass APK.
Also, download a supported Application called RealTerm to bypass FRP.
Now you need to make a connection within your PC and Mobile Device. And then you have to find the port number to which the device is attached.
Navigate to "my computer", right click and go to "Manage".
Then Navigate to the "device manager".
Finally, double click in order to check properties and navigate to the port tab.
Note down that port no as we need it further in the process.
Enter the port no and set the application as you can see in the screenshot.
Now we have done all the essentials setting of RealTerm Application.
Now it's the time to enter and run some commands to complete the task. Select the send tab and enter this command at+creg?\r\n.
Now you need to enter the 2nd command in the same interface and hit Send ASCII.
Now you have to keep on entering these commands until the dialer screen appears on the phone.
Now you need to download and install "ES File Explorer" file from Samsung account.
Now you have to copy the bypass APK to your phone using SD Card or any other way.
Open the copied file through ES File Explorer and install it.
Once the app is installed open it.
That's all you have done it. Now you have to restart your device and all setup. It won't prompt you again to enter the Google Username and Password.


Property Maintenance Sydney may be required for residential, commercial or, industrial areas. There are several professional companies who offer specialized maintenance services so that you can enjoy complete peace of mind. Property Maintenance Sydney includes services of property managers who are responsible for maintaining the physical appearance of the building.
The appearance of the property is not only important to create a good impression but also adds value to its resale price. There are lot of things which are undertaken as part of Property Maintenance Sydney. Electrical installation may not be straightforward and requires an expert for the job. For repairs or installation Property Managers would seek help from specialists to ensure that the health and safety standards are met.
Property Maintenance Sydney is not only for repairs but also includes preventive maintenance which can avoid the need for costly repairs. Regular roofing maintenance would ensure that the building stays safe and strong. Carpentry is another area which requires the services of a professional so that you can be assured of the highest standards of workmanship.


The mission of Cub's Place is to provide an activities and resource center for children and young adults who are coping with serious family illness or crisis.
The Vision of Cub's Place is to reach out to children and young adults who are experiencing crisis. The crisis could be a medical problem with a family member, the on-going disruption of a family member with a chronic condition or serious illness, a military family dealing with deployment or recent unemployment. The Goal of Cub's Place is to provide a friendly, stress free environment where kids ages 4 – 10 can play and communicate with other children who are experiencing similar challenges. The children will be engaged in age-appropriate supervised games and activities in a warm and safe environment. The respite sessions will be held twice a month from 6 – 7:30 pm at the Inspire Kids Preschool in Newburgh. Participation is free of charge.
"What can I do for you buddy?" Spiderman asked a young boy. "Can you make my daddy better?", the child replied. Those simple words were the beginning of a plan to establish a place for children whose lives were in crisis. While other children and adults were enjoying a carefree and happy vacation at Disney World, this young child was thinking about his father's serious illness. Barbara and Harry Scherr recognized the need for a place that would provide peer support, activities and fun with trained volunteers in a loving and safe environment. The idea for Cub's Place was born! For more information: Cub's Place C/o Inspire Kids 344 Gidney Avenue Newburgh, NY 12550 (845) 562-6220 All new participants must pre-register and call for an application form. Cub's Place is a registered 501(c)3 organization.


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John Burke, True Ventures, Washington, DC
John's passion for building and growing companies began 22 years ago during his days as an engineer for a startup in Oakland, California. As the fourth employee, it was as clear to him then as it is now that it is all about the team. The guiding principle of team has stayed with him throughout his career – first on the programming team in California, as an engineer for Bechtel Power in San Francisco, building the management team at his own company and then ultimately as a venture investor. John holds a BS degree in Mechanical Engineering from U.C. Berkeley, a BA degree in Economics from U.C. Santa Cruz and an MBA from Harvard Business School.
Patrick Vernon2016-10-12T11:15:56-04:002006 Global Finals, 2007 Global Finals, 2008 Global Finals, 2009 Global Finals, 2010 Global Finals, 2011 Global Finals, 2012 Global Finals, 2013 Global Finals, 2014 Global Finals (UNC), 2014 Silicon Valley, 2015 Global Finals (UNC), Judge, Silicon Valley (UNC)|
Richard Wu, Morgan Stanley
Higor Uzzun Sales, IFC Assessment Management
Chad Hall, Internal Revenue Service
Yali Friedman, DrugPatentWatch
Howard Friedman, Lanx Capital
Supriya Munshaw, TCP Venture Capital
Sam Pranikoff, Greenspring Associates
Greg Cole, Adams Wealth Advisors
Tara Spalding, Hen-House Ventures
David Bieber, PandoLabs
Seth Bailey, Mezy
Kondoker Tanveer Gaider, International Finance Corporation


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By ohtadmin | on May 26, 2016
Church bake sale today
FLINT TWP. — A Middle Eastern Luncheon and Bake Sale will be held at St. George Orthodox Church, 5191 Lennon Road, from 11 a.m. to 3 p.m. Thursday, May 26. Take out will be available. For more information, call 810-732-0720. — R.S.
Annual Transportation Day coming soon to C-A
FLINT TWP. — A hot air balloon will be among the modes of travel coming to The Carman-Ainsworth Learning Community for its annual "Transportation Day' from 10 a.m. to noon on Friday, June 3. A fire truck, ambulance, police cars and more will also be on hand. A Resource Fair will include free health and legal advice, employment assistance and family activities. The school is located at 1181 W Scottwood Avenue but ample parking will be provided by the Central Church of the Nazarene, 1261 W. Bristol Road. For more information, call Malinda Baker at 810.591.7208 — R.S.
Variety of events at GDL
FLINT TWP. — The Genesee District Library will be hosting a variety of family events during the month of June.
The Flint Township-McCarty Library will hold Go Fly a Kite on June 11 at 1:30 p.m. Participants (ages 4-8) will build and fly kites and spinners while investigating flight and the properties of air.
The Genesee Valley Center Library (Sears Wing) will hold a Marble Coasters class on June 14 at 6 p.m. Participants (ages 8-12) will use engineering skills to design and build a marble roller coaster with helpers from Sloan Museum.
The Flint Township-McCarty Library will hold the Nature of Chocolate on June 21 at 5:30 p.m. Laurel Zoet, naturalist and former pastry chef, will share the ecology, history and manufacturing techniques of chocolate and provide eight samples for tasting.
And wrapping up the month, The Genesee Valley Center Library (Sears Wing) will present a Gemini Family Concert on June 25 at 4 p.m. Everyone is invited to sing along at this highly interactive, family friendly concert featuring twin brothers Sandor and Laszlo Slomovits. — R.S.
Schools of choice applications being accepted
FLINT TWP. — Carman-Ainsworth Community Schools is accepting applications until June 14 for Kindergarten – 5th grade through the Limited State Schools of Choice program for the 2016-2017 school year. It allows a limited number of non-resident children to attend school in the district, beginning in the Fall of 2016. Applications also are being accepted from now until August 26 for grades 6 – 12 through the Unlimited State Schools of Choice program. Details: Call 810-591- 3206. — R.S.
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Daily Content Archive as of Monday, July 16, 2018
(as of Monday, July 16, 2018)
comeuppance
Definition: (noun) A punishment or retribution that one deserves; one's just deserts.
Synonyms: deserts
Usage: The central character is an evil man who gets his comeuppance in the end.
Declarative Sentences
A declarative sentence makes a statement or argument about what is, was, or will be the case. What are some variations of declarative sentences?	More...
King Philip's War was, proportionately, one of the bloodiest and costliest conflicts in America's history. By 1660, New England settlers had pushed into Native American territory in Massachusetts, Connecticut, and Rhode Island. To protect their lands, Wampanoag chief Metacom—also known as King Philip—organized a federation of tribes, which destroyed several frontier settlements in 1675. In retaliation, the colonial militia burned villages and crops. How many people died in the conflict?	More...
District of Columbia Established as US Capital (1790)
Adopted in 1787, the US Constitution allowed for the establishment of a capital city that could govern itself, but it did not stipulate a location. While it was agreed that the capital should not be in any one state, its placement was hotly debated. In 1790, Congress struck a compromise between the North and South, establishing a capital on the Potomac River. The exact location was chosen by President George Washington. District residents were unable to vote in presidential elections until when?	More...
Ginger Rogers (1911)
Rogers was an Oscar-winning American actress and dancer—most notably as Fred Astaire's partner. Their first appearance together was in 1933's Flying Down to Rio. Though they were not given star billing, they stole the show and went on to make nine more films together. Rogers also starred in several non-musical roles and, by 1945, was one of the highest paid performers in Hollywood. She was honored by the Kennedy Center in 1992. Why were parts of the event prohibited from being televised?	More...
He had discovered a great law of human action, without knowing it—namely, that in order to make a man or a boy covet a thing, it is only necessary to make the thing difficult to attain.
Mark Twain (1835-1910)
horse-trade
— To negotiate, trade, or bargain in a shrewd, judicious manner. Primarily heard in US. More...
Feast of the Giglio (Brooklyn) (2020)
The feast days of Our Lady of Mount Carmel (July 16) and Paulinus of Nola (June 22) are celebrated together by Italian Americans at the parish of Shrine Church of Our Lady of Mount Carmel in Brooklyn, New York. The highlights of the festival are the two processions of the giglio (Italian for "lilies"), a huge tower about six stories high and decorated with lilies. On July 16, the statue of Our Lady of Mount Carmel is placed atop the giglio and paraded through the parish streets accompanied by a marching band and the singing of the Giglio Song ("O' Giglio 'e Paradiso").	More...
Today's topic: joining
apse - From Latin apsis, meaning "fastening together," it is based on the notion that a vaulted space seems to be the joining together of arcs to form a circle. More...
syssarcosis - The joining of two or more bones by muscle. More...
couple - Its underlying notion is of "joining," coming from Latin copula, "connection, tie." More...
conjugal - From Latin conjugare, "join together (in marriage)"—from com-, "together," and jugare, "yoke"—it has an underlying notion of "joining together." More...


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Halbert Hargrove is Ranked #98 in FA's 2017 Annual RIA Ranking
RIA Survey & Ranking 2017
JULY 5, 2017 • ERIC RASMUSSEN
Click here to view the Top 50 Fastest Growing RIAs.
In theory, no business likes volatility, just as no boat captain wants to deal with choppy waters. Small companies don't like planning revenue of $5 million one year and $3.8 million the next.
Nor do they like regulation that's up in the air. For the past few years, advisors have had to wonder about what kind of impact the Department of Labor's rule on advisors' fiduciary responsibilities would have on their business.
RIAs, by definition, are fiduciaries and proud of it. Many use it to market their services as client-centric, so the DOL rule had less impact on their business than on planners with brokerage licenses. But the election of Donald Trump suddenly had people wondering whether the new rule would go "poof." Then to the shock of many, the rule went through anyway, though regulators in the nation's capital keep talking about modifying it.
However, if you talk to many financial advisors, volatility in markets and politics has been a friend, because in times of trouble, people need unbiased counsel and that is the brand RIAs have burnished for themselves. In times of sluggish market growth, people are scared and want help. Think 2015, when the S&P 500 returned slightly less than zero.
"Clients tend to be more interested in hiring an advisor when the economy is weaker and/or there is heightened volatility in the markets," said one respondent to Financial Advisor's 2016 RIA survey.
In 2016, however, the S&P 500 grew by just shy of 10%, and while that means RIA firms have rising assets, revenue—and by extension, higher valuations to sell their firms, if they want to—it doesn't necessarily put more clients in play. In fact, in good markets with robots offering a lot of investment management services and low-cost passive indexes available, people think they might not need help at all.
Ask Ken Moraif, of Money Matters with Ken Moraif, headquartered in Plano, Texas. Despite his firm's client growth of more than 30% and 9.25% asset growth between 2014 and 2015, he shrugs off 2016, saying it was a fairly lackluster year for his business.
"Our business is helped when there is volatility, so 2016 was actually not the best of our years," Moraif says. "Right now, the complacency that we are seeing with investors, where they are just hanging in there and the market is just doing nothing but going up, makes it difficult for them to want to seek out a financial advisor when they feel they can do it themselves."
Yet it's almost certain, now that valuations are high and some savants are predicting a downturn or correction, that professionals realize it's good to make hay while the sun is shining. Advisors in good times have to look to the future, thinking of reinforcing their defenses. That might mean expansion—bigger national footprints to diversify sources of wealth and client demographics. Monastic purity is also a virtue: They might also stick to a special boutique strategy or market aggressively to their one true niche.
Moraif, a mass marketer and radio personality, has a specific focus of people five years away from retirement or five years into it. "So that 10-year period is what we specialize in and what we focus all of our attention [on] in terms of our expertise and in terms of the information that we put out through media, etc. … Our average client is 59 years old and has a portfolio of $400,000 or $500,000. They are not multi-millionaires." The goal is to give them service as if they were.
The market growth and consolidation have in any case led to bigger, more fearsome RIA firms. In 2012, when Financial Advisor performed its RIA survey, some 120 firms listed assets of a billion or more. The number is now just north of 200, after a wave of mega-mergers.
A group of serial acquirers enlisting private equity money for roll-ups are writing big checks. But cashing out isn't the primary goal of many firms. Others are looking for growth, adding new services and ensuring succession. Sometimes that has prompted firms to strike marriages of RIA equals; in other cases, it means combining with another firm offering complementary services or residing in an adjacent market.
David DeVoe of consulting firm and investment bank DeVoe & Company, says that 2016 was a record year for merger and acquisition activity, which is part of a broader trend. (The firm tracked 44 deals in the first quarter of 2017, a record, he says, and tracked 145 deals in all of 2016.)
"In many cases, firms were selling or merging to achieve the benefits of scale," DeVoe says. "In some cases [that means] being part of a broader platform and having more capabilities and services to offer their clients. In other cases, a sale provides the advisors with an opportunity to move the operational or regulatory, less attractive elements off their plates." This is nearly an ideal time to sell, he says, because the economy is doing well and valuations have steadily increased over the last 10 years to above average. Again, a lot of advisors might say the iron is hot now.
"If 2008 hit again, it would likely delay their decision to sell for three or even four years," he says. "Any advisor with that scar tissue from 2008 can't help but include it in some of the calculus they're doing."
For the buyers, there are advantages to national expansion. One firm with a large national footprint reported in the survey, "We have benefited from an overall uptick in the broader markets. Because our clients and their businesses are disbursed nationwide, we are less influenced by our local economy than from macroeconomic trends."
Consolidators, roll-up firms often brandishing private equity money, dominated the first quarter of 2017, but over the last couple of years they've been overshadowed by RIAs buying one another. DeVoe says, "There's something to be said for an RIA seller talking to an RIA buyer. There is an easier psychological journey to complete that transaction. There's already a degree of respect and admiration among heads of those organizations. They are truly part of the same community." A consolidator, by contrast, "is perceived as essentially an arm's length transaction or someone who might be closer to private equity than an RIA business."
One such large merger last year wedded New York firm Tiedemann Wealth Management with San Francisco's Presidio Capital Advisors, a match that spawned a new firm with $13 billion in assets under management. Tiedemann was founded by the late Carl Tiedemann in 1999 as a Delaware trust company to serve families moving away from bulge bracket firms and into family offices.
The firm had a tony clientele and had been wary of mergers for most of its existence. Carl's son, Michael Tiedemann, the firm's current CEO and CIO, says the firm had been growing just fine on its own, thank you very much, by pitching itself to a network of referral sources, including current clients, lawyers and accountants working for the firm's target clients with $25 million minimums. Tiedemann hadn't done this by marketing or cold calling, but by being in the right niche and having its names on people's lips at the right lunches, board meetings and golf courses.
"Tiedemann has grown organically for the first 16 years of its existence," Michael Tiedemann said in an interview with Financial Advisor. "We had been growing in the low teens and it was a way for us to manage growth effectively. Organic growth is healthy if you're lucky enough to have it."
Also, the firm never wanted to be part of a bad marriage. But with Presidio, Tiedemann had found not only a culture fit, but a larger geographical footprint—in places like San Francisco, Dallas and Washington, D.C.
The advantage of going bigger, says Tiedemann, was that, "invariably, wealthy families tend to spread across the country. The parents perhaps live in Massachusetts or Florida or Georgia, but their kids go to universities, then they fall in love with an individual or city and they end up in Austin, Texas, or Los Angeles.
"We're in the tech, financial, political, energy and arguably retirement [capitals] of the U.S., so in terms of core industries that are generating wealth or have created wealth, there are also talent pools drawn to [these places], there are money managers … there are less obvious reasons to be in those markets." In some cities, you simply need to be on the ground for wealthy people who want to walk into your office, he says.
The independent RIA boutique model exploded in 1999, says Tiedemann, not unlike hedge funds, but "what is occurring now is most of these RIAs are being built to sell. They are practices, not institutions," he believes. "The combination of the interest to monetize 10 to 15 years of work or success or the need to institutionalize the practice—fold the practice into a larger business—that is the reversal of the secular trend that started in the late 1990s, early 2000s." On a darker note, there is also fee pressure and regulatory pressure making people want to sell, and if you're not growing fast enough to keep up with rising costs and fees, that would be another reason to look for a marriage.
Indeed, DeVoe's deal book says so many small firms were bought in the first quarter of 2017 that it pulled the average AUM of the firms sold down to $600 million from $1 billion in all of 2016.
With some deals, the genesis goes back a long time. Decades ago, the late Quick & Reilly founder Leslie Quick Jr. and late Treasury Secretary William Simon were active in many of the same philanthropies. Their sons, Leslie C. Quick III and Peter Simon, also served on several boards together. Massey Quick, a Morristown, N.J.-based RIA whose average client has about $10 million in assets at the firm, had been looking at offering multi-family office services for several years. Peter Simon and his brother William Simon Jr., had been evaluating continuity and succession options for their single family office, William E. Simon & Sons.
"About a year ago, we began to explore the possibility of merging," says Leslie C. Quick III. "We were delighted to confirm what we sensed all along —that William E. Simon & Sons could offer our clients a true family office service—something that, until now, we were not offering our clients."
Besides succession and continuity, Peter Simon says the April 2017 merger, which created a $2.65 billion firm, allowed his family to tap into Massey Quick's extensive investment capabilities. In the meantime, his Los Angeles-based brother William is overseeing the expansion of Massey Quick Simon on the West Coast. "Like the Simon family, the partners at Massey Quick are in many cases investing side by side with clients," Peter Simon says.
Another reason people might want to sell or merge is that they are worried about fee compression at a time of more regulatory scrutiny. The DOL rule, however, requiring fiduciary responsibility for retirement plans, has for many RIAs been a boon, since many of them are acting as fiduciaries already, and for that reason, many of them have anticipated that new business will be coming from broker-dealers who will have a harder time following the rule.
Even so, some RIAs say they are still working out the ramifications for their retirement accounts.
One firm among the top 20 financial advisories in terms of assets responded to the Financial Advisor survey with this observation: "With regard to individual clients, because we advise clients on 401(k) rollovers, the rule will likely impact the way that we communicate with clients regarding rollovers, perhaps requiring us to provide additional written disclosures, and may impact our billing practices with respect to these accounts."
Jeff Nash, a consultant who works on business deals for RIAs, broker-dealers and hybrids with Charlotte, N.C.'s Nash Consulting Group, says, "At a billion dollars you can't organically grow enough, and that's what firms are finding."
He says real organic growers are hard to come by. But "those firms that are growing organically—with an organic growth strategy that is replicable—are getting a premium for their business." With two firms that are similarly sized, he says, "you could easily see one firm getting a five times EBITDA [in a sale] and another firm getting a six if one has a repeatable growth strategy."
For large profitable firms, the prices can go much higher. Speaking at Pershing's annual Insite conference in San Diego in June, Dynasty Financial Partners CEO Shirl Penney noted the space has been discovered by banks, large family offices and various billionaires who want into the RIA business. In some cases, there are 10 buyers for every seller.
HighTower CEO Elliot Weissbluth told attendees that some buyers are dangling prices of 12 to 14 times EBITDA in front of prospective sellers, though he warned many had their own agenda. "If you want to sell to a molester, you can," Weissbluth said. "They're not stupid. They've done the math."
But many of these buyers may be looking to use an RIA's clients to extract new revenues. Weissbluth depicted these buyers as businesses with "a product component," while Penney used the term "revenue synergy."
Nash notes that firms growing organically have their employees in well-defined roles, including a number of rainmakers bringing in new clients while dedicated account executives keep existing clients happy.
Successful RIAs are also getting more sophisticated on segmenting clients—tailoring different services with unbundled fees to clients with different levels of wealth to maximize revenue, Nash observes. "In the mass affluent space, they may have a financial plan that they are going to do for the client." The clients' investments will be more robo-advisory work for a more modest fee, something below 1%. "Then there would be a financial planning fee that's unbundled that's on top of that."
Money Matters has grown by taking the mass outreach route. Moraif has been a media presence, especially on radio.
Moraif's most recent shop, after emerging from a couple of predecessor firms, started with $600 million and 1,500 client households. Today the firm works with 7,400 clients and has $3.5 billion in assets under management. The firm has about 30 advisors and around 40 client service associates and offices in several major cities, including Houston, Los Angeles and Phoenix.
Though clients don't have to be millionaires, the trade-off is that the firm wants to manage most of the clients' assets—at least 51%. Moraif calls his clients "salt of the earth" people who have worked 20 or 30 years and now are in the decumulation phase and need income and advice on Social Security. Because of the firm's media profile and investment performance, its growth has all been organic so far, Moraif says. "We've looked at acquisition, but for the time being … our philosophy is a little contrary to most advisors. So there is the hurdle of merging cultures."
Another firm that has thought hard about infrastructure is Akron, Ohio's Sequoia Financial Group, a firm that said it grew its asset growth 29% in fiscal 2016—which was almost evenly mixed between mergers and organic growth, according to CEO Tom Haught.
Haught started the firm by himself in 1991, focusing on wealth management for private business owners focused in manufacturing hubs like Ohio and Michigan; the firm now has 85% private client business and 15% institutional business focused on retirement plans. The firm's clients are entrepreneurs whose wealth is often tied up in private business stock, and as their businesses have grown, so has the firm.
Part of the firm's strategy for growth has been to hire and train people in their 20s. "We decided that rather than trying to take somebody else's advisor talent, we are going to build our own, so the first investment we made was in building our own talent. We could then train them in our systems.
"So those people are now in their 30s and 40s," Haught says. "So we have a very strong team of advisors that have 10 years of experience that have come out of CFP programs or come out of a college program. …. I think the great organizations need to make those investments in people before they need them."
Now, he says those seasoned younger advisors will have the experience to take over the books of retiring advisors whose firms Sequoia has recently begun buying up. "If [firms] have a strong middle, that means they are developing people in their careers, and they'll be able to have continuity."
To Market, To Market
Seattle's Brighton Jones Wealth Management has been thinking about marketing from a new perspective as well. The firm is known for its touch feely, crunchy granola approach, but it's also a firm heavily embedded in the tech-rich Pacific Northwest among savvy young tech pioneers.
Eight months ago, the firm brought in Microsoft marketing veteran John Dougherty as vice president of marketing. He says that even if RIAs are known for their up-close-and-personal care, there is no doubt they are going to be upset by fintech—the bots, the marketing software, the search engines that have begun anticipating clients' next searches for help. The industry is moving toward inbound marketing, Dougherty says—which is based more on content development to entice client interest. "The sort of marketing where I think the [RIA] industry is going is a combination … of inbound marketing tied together with paid social marketing, mobile marketing. And that sort of marketing is going to span across high-tech finance and pretty much every other industry."
Media is bought in real time by computers, he says, and a lot of ads are generated by computers. He says a handful or more RIA firms will also be employing software such as Marketo, a marketing automation platform that tracks leads and knows people's habits, filtering out those with irrelevant needs and (hopefully) increasing advisors' return on marketing investment.
Brighton Jones is using Marketo now, Doughtery says, and has also invested in video and owned and operated media and social channels. "Moving ahead, you'll see us do search engine marketing, we'll invest more in video and mobile. But what's really important is we're going to tie all of our marketing together through marketing automation and make it a lot more personalized." A lot more content creation is becoming automated, too, he says.
"What we'll be able to do is take our high-touch approach and extend it through marketing automation."
Other firms have noted that RIAs aren't taking the technological challenge as seriously as they should be. Graig Norden, president of tech consultant Freewheel Marketing in San Francisco, said that among the largest RIAs in his research last year, 25.5% were using marketing automation. Among faster growing RIAs, it was 28%, and among asset managers it was 36%. Besides Marketo, there are Eloqua, HubSpot and Pardot.
Steven Swansig, vice president of RIA in a Box, which does a survey of RIAs every year looking at the growth of the industry, says that 75% of the firms it surveyed experienced positive AUM growth in 2016, and that firms aggressively adopting technology for things such as billing, reporting, compliance, client relationship management and aggregation are growing faster.
"We found that the ones that haven't adopted technology are only growing at around 10% a year and those that are adopting five or more technology systems, which includes compliance, customer relationship management, reporting, billing, maybe an aggregation tool, those are growing at a much faster rate; they're doing about 25%."
Swansig says that midsize firms often want to merge so that they can invest together in technology rather than build duplicate systems.
"What was done by people four or five years ago is now all done by computers," says Dougherty. "I know one of the things we'll be able to do effectively is take our high-touch approach and extend it through marketing automation. So we're really going to help our advisors provide the right material at the right time. We'll really kind of amplify and extend what they already do through technology."


Multipath is an issue of paramount importance in the GNSS context. The presence of reflected signals gives place to a worrying bias when estimating the propagation delay of the direct signal. This paper presents the design and the evaluation of a correlation processing technique that computes an estimation of the tracking error induced by the presence of multipath. This technique is especially designed for BOC signals and attempt to exploit the particular shape of its autocorrelation function.