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As Build Back Better Implodes, Whither Inflation & Bitcoin?
Scott Hawksworth
Yesterday Senator Joe Manchin announced he would not be supporting President Biden's Build Back Better spending bill. Goldman Sachs cut its 2022 US GDP forecast as a result, but the fallout could be good news for a Federal Reserve that would like to get inflation under control. Will inflation settle down later on in 2022? And how will that affect Bitcoin?
White House accuses Manchin of betraying "commitments" on BBB: "After months of back-and-forth negotiations and overtures from the White House, Sen. Joe Manchin (D-W.Va.) chose an appearance on "Fox News Sunday" to announce he was torpedoing President Biden's signature agenda… The unexpected announcement via the conservative-leaning Sunday morning show just days before Christmas sent fellow Democrats reeling." (Axios)
Goldman Sachs cuts US economic forecast after Joe Manchin rejects Build Back Better: ""A failure to pass BBB has negative growth implications," Goldman Sachs economists, led by Jan Hatzius, said in the research report. Citing the "apparent demise" of Build Back Better, Goldman Sachs now expects GDP to grow at an annualized pace of 2% in the first quarter, down from 3% previously."" (CNN)
Fastest Inflation in Euro's History Set to Raise Pressure on ECB: "Consumer prices in the 19-country region rose 4.5% in November, according to the median of 40 estimates in a Bloomberg survey before the statistics due Tuesday. Every respondent predicts an acceleration from last month's level of 4.1%, which already matched the fastest since the 2008 financial crisis." (Bloomberg)
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– [Scott] How's it going, everybody? Scott Hawksworth here with Cryptogic. Welcome to our first-ever episode. I'm so excited about today's show. We're going to be talking about some big events, both politically and in the world of finance. And joining me to offer his insights on all of this is Andy Hagans, who is the co-founder of the Alternative Investment Database.
He's also the co-founder of Cryptogic. I've worked with Andy for a long time. So happy to have him on the show here. Andy, welcome.
– [Andy] Hey, Scott. How are you doing today?
– I can't complain. I'm just kind of eager to see your thoughts on some of the big happenings, certainly, politically as well.
– Yeah. And it's interesting how all these current events. I guess you could say I'm hooked into crypto because every current event, I'm like, "Well, how's this going to affect crypto? How are the markets reacting?" you know…
– Right. And crypto markets never sleep.
– Exactly. Exactly. So, yeah, Build Back Better is pretty much dead.
– Yeah, it is. And for those of you not totally in the loop on that, Senator Manchin basically said he's not going to vote for it. He's got some concerns about it and there was a long battle back and forth, but he has said he's out.
So, Andy, what are your thoughts on this?
– Well, all along, I think there was this mismatch of expectations between some members of the Democratic caucus and others where even as far back as last summer, Senator Manchin was clear that, you know, he wanted a bill that was $1.5 trillion or smaller that didn't contain a lot of budgetary gimmicks.
In other words, if there were programs that were included that they'd be fully funded for 10 years rather than, you know, having them funded for two or three years to try and game the CBO budget score.
– Right. And then just kind of kick the can and all that. Yeah.
– Exactly. And he's… So, he's always been clear about that. And I think he and the progressives in the House were playing a game of chicken where they thought, well, ultimately, if all of this depends on him, because the legislation passed the House, if they have 49 other votes in the Senate and he's the 50th and then they have, you know, Vice President Kamala Harris as a tiebreaker, in this game of chicken, they bet that he would ultimately fold and fall over.
The issue is, and this is where I think people make the mistake, our politics are so nationalized now, people forget every senator represents a specific state. And in West Virginia, the Build Back Better framework is very unpopular. I think it's like 70% plus disapprove of Build Back Better in West Virginia.
So, at the end of the day, you know, Joe Manchin had a choice. Did he want to represent his larger party like the National Party?
– Or his constituents.
– Or his constituents. Exactly. So, I'm a little bit confused why the progressives in the house thought that they would win this game of chicken because the reality is, is they had a lot of different spending programs in this bill and they probably could have gotten one or two of them passed if they would have, you know, come to where Joe Biden was, what he wanted because he's always been pretty clear about what he wanted.
They could have… Maybe it wouldn't have been half a loaf. Maybe it would have been a fifth of a loaf, but they probably could have gotten a fifth of a loaf, and instead, it looks increasingly like they're going to end up with nothing.
– Right. And really to tie this all back to, I guess, the main topic today, one of the big things too and why Manchin is saying no to this is there is the inflationary concerns. And kind of tied to that, though, and sort of the other side is, "Okay. Well, how does that impact Bitcoin? And how does that impact, you know, the larger economy?"
Goldman Sachs on this news has actually adjusted their forecasts down in terms of GDP. So, Goldman Sachs has cut their forecasts over the first three quarters here. So, if you're looking at GDP for the first quarter, it was going to be 3%. Now they're saying now it's going to go 2%.
For second-quarter 3.5%, now we're going down to 3%, and then third, from 3% to 2.75%. So, there's the other side of this where, yes, Manchin has the inflation concerns and that's why he's saying no, but then there's also that sort of GDP impact. So, I'm just curious to hear your take on that.
– Well, GDP is a function of not only activity in the consumer side of our economy, but also on government spending. So, I feel like that kind of forecasting is really quite simple and quite direct. The government is not going to be spending these hundreds of billions of dollars in Q1 and Q2. What effect does that have directly in our economy?
And so they cut their forecast. But I think if you can zoom out a little bit and look at what the Federal Reserve has signaled, they want to get inflation under control. They've signaled that they're willing to hike rates several times, hike interest rates several times in 2022.
And so the idea that we won't be, you know, passing Build Back Better with all of this additional government spending probably is going to make the Fed feel like they're going to have an easier time getting inflation back under control. So, I don't know, it's kind of maybe half a dozen on one side, six on the other where we're not getting this additional stimulus, this additional, you know, goose of government cash influx into the economy, but on the other hand, probably, it's bullish in the sense that, you know, we do want to get inflation under control.
Now, the thing… And by the way, Senator Manchin, he specifically mentioned inflation concerns in his statement about why he couldn't support Build Back Better because we've had these recent CPI prints that have been so high and, you know, there's rumors that we might have like a 7% print coming up.
And the interesting thing, Scott, is this is, even if there's none of these new, you know, boondoggle spending bills or stimulus bills passed by Congress, and we don't have that additional liquidity injected into our economy, that's the demand side of inflation, but we also know that part of the inflation right now is due to the supply chain, right?
And we can see that because in Europe, for instance, they're having higher inflation as well. And think about it. Even if we were to fix all of our supply chain problems, if you just snap your fingers and all of the policies that got us here were fixed tomorrow, it would still take 12 or 18 to 24 months to unwind even in the United States.
And then if you add into that our trading partners in Asia, in Europe, they have their own supply chain issues. That kind of shows me inflation isn't going to go away just because we stopped passing these stimulus bills and injecting that liquidity. It's also going to take us unwinding these supply chain issues.
And that's where I've kind of said, you know, from the beginning, I think we're going to have a couple more years of sustained inflation, I usually say two to three years. Beyond that, I don't know. I don't know that we're going to have permanent hyperinflation. We may also be still in this long-term deflationary trend that, you know, you've seen Japan go through.
So, I try and be a little bit agnostic in the sense that I think there's a good chance we may be in that long-term secular deflationary trend, but then within that in the next two and a half to three years, we still see this sustains inflation regardless of what Congress passes, regardless of whether we have more stimulus or not.
– Well, Andy, and I want to jump in here so we can tie this really to the main, main topic here is Bitcoin and how does this impact Bitcoin? Because there's this question of, "Well, wait. Is inflation good for Bitcoin?" A lot of people they use it as an inflation hedge and that's why they love Bitcoin.
So, then there's this question of like, "Well, wait. If this even kind of works or mostly works and, okay, we're going to adjust things, you know, we're not going to pass the Build Back Better, we're going to let interest rates…we're going to raise interest rates, the Fed is." Does that signal… Well, that's not great for Bitcoin because then that means there's going to be more control over inflation.
I'm just curious to your sort of perspective on how this all ties together and how crypto investors are really thinking about it.
– Well, that's just it, is, I think, different investors own Bitcoin for different reasons, and so they might view this news differently. And by the way, when I say that, you know, I think maybe we could get inflation under control, I don't mean in the next three months.
And I also want to point out that CPI print, that's not the real inflation rate. I mean, your inflation rate is your inflation rate. If your rent goes up 20% and your energy prices go up 40% and your health care costs go up 15%, you know, and your price for a used car goes up 60%…
– Your groceries.
– Yeah, exactly. And you add up all your living expenses and they're up 20% overall, then your inflation rate is 20%. It ain't 6%. But even if we get it under control, it's not going to be right away. My point is just, you know, I think the markets have almost gotten used to the idea that there's just going to be this constant stimulus.
And maybe, politically that's not going to be happening going forward for the next couple of years, but I think we'll still have inflation because of the supply chain issues. But to the question about how does that affect Bitcoin, some Bitcoin investors purely buy bitcoin as an inflation hedge and they view it as, you know, digital gold. But other Bitcoin investors are buying it for totally different reasons decoupled from that.
And I think there are other trends that are driving what I view that Bitcoin is being teed up. It may be in a consolidation phase for like a couple of years, but I think the next leg up, the next bull market is being driven by the fact that there's just increased institutional buy-in to Bitcoin, because at the end of the day, you know, if we have more hedge funds that are buying into Bitcoin, if pension funds start to buy in, and some of these other larger institutional players, if they all want to have even 1% of their portfolio in Bitcoin, that's going to create a lot of pressure on the price, right?
And I think Bitcoin has been pretty volatile in the past couple of weeks, but it's in a range, though. And I think what's been happening as there are more institutional players and more hedge funds that own Bitcoin, I think they're a little bit more disciplined, especially getting into the end of the year where they want to lock in gains. So if it goes up, they might take chips off the table and, you know, take some gains.
If it goes down, they may take that as a buying opportunity and buy in the dip. So, I think there's a chance that Bitcoin… Everybody is kind of waiting for this bear market. Is there going to be a 70%, 80%, 85% drawdown? Bitcoin may not behave that way anymore.
And increasingly, it looks like it's more correlated just to the S&P. It's just almost like another risk asset for some of these institutions like hedge funds.
– Well, it's worth mentioning, just as of this recording, you know, Bitcoin's been pretty flat over the last 24 hours. So, even with this kind of news coming out and any thoughts that well maybe some inflation will be under more control or something like that, Bitcoin is just kind of hanging out.
– Yeah. And I think it's always very hard to parse whether stock market or Bitcoin, like, why is something up or down 3% today? And there are so many factors that go into that.
– Sure, of course.
– I don't want to pretend like I know why it's flat. I mean, I guess you could say everyone's priced it in. The Build Back Better would flop.
– Maybe.
– I don't know. But I mean, I really do think, though, that we have more and more different types of investors buying Bitcoin for different reasons, and so that may change the way that the price moves in the long-run relative to the past.
– Right. And I would argue that, yeah, you may still have, you know, huge run-ups where if, I don't know, they figure something else out and they pass a huge bill and there's all these inflation concerns. Yeah, things can be impacted that way, but what you're saying is long-term, it's just becoming more and more like the stock market and kind of the ebb and flow of it, right?
– Yeah. And certainly, if, like, you're a hedge fund and you own equities and you have a smaller allocation to Bitcoin, you're going to treat it as a risk asset, you know, either risk on or risk off. So, I think that's part of what, you know, those two assets are starting to move a little bit more closely.
But I just think as the total market cap of Bitcoin grows, the next bull driver is going to need to be, you know, increased institutional interest, just more and more people… You need to have more demand, right? Because just with the existing investor base, for them to move the needle on the price, you know, once the market cap already is exceeding $1 trillion, it sort of takes more and more juice to give it that next leg of the bull run.
So, personally, I think the really big next leg of the bull run is going to be from that increased adoption. But to your point, if it looks like…if we get like a 7% or an 8% CPI print, or maybe there's a rumor that starts that, "Oh, Joe Manchin is back in the game."
– Yeah. Yeah. They had a discussion and they got on the phone with Biden and he's changed his mind.
– Yeah. For sure I could see that goosing the price a bit. Absolutely.
– But again, to your point, that won't even impact every Bitcoin investor, so you may have some people that want to jump in because I feel like we've seen that over the past few months here a lot of people in this sort of inflationary cycle that we're in are kind of saying, "You know what? Crypto seems pretty good. I want to move some of my portfolio into that."
But that's not necessarily the way everybody is thinking about Bitcoin, right?
– Yeah. And I mean, I view… Owning Bitcoin right now it's still volatile. It's probably less volatile than it used to be. But if you think about an allocation to crypto in the context of financial repression, right, in the context of, "Okay. I can own this bond fund that yields 2%. The inflation rate is 6%."
So, the opportunity cost of putting some of it in crypto is, "Well, I'll put it in this bond fund instead that is decreasing in purchasing power by 4% a year."
– Right.
– Right. So, I think that risk-reward shifts a little bit to where you're saying, "Well, I can move it into crypto. I'm actually not really giving up any yield on a real basis because yields on bonds on a real basis are negative." And then I think also within crypto, and this is probably a topic for a future show, but there's more and more ways to earn yield, right?
So, like, I stake some Ethereum at Coinbase and it's earning 4.5% APY right now. Well, that's more than a junk bond, right? So, I actually am earning yield on that Ethereum holding. So, I think that's kind of changing everybody's perspective a little bit where if you can get some yield with your crypto and it's yielding, you know, as much or higher than junk bonds, let alone the 10-year.
I mean, what's the 10-year at? Like 1.4%?
– Yeah.
– So, I think you have to factor that in too. It's just… It seems like there's less opportunity cost to an allocation of crypto when yields are just… I mean, they're just in the basement. I mean, I guess they can go further negative, but on a real basis, they're totally negative even before factoring in taxes.
– And then, you know, what I would add to that too, especially as newer crypto investors become more sophisticated and there is just more knowledge about, you know, all of this…
– Wait. Wait. Crypto investors are sophisticated?
– Some of them. But as you learn more…
– You need to spend more time on Reddit, Scott. You need to spend more time on all these sub-Reddits.
– You spend less time on Wall Street bets. But my point is, is that what you're talking about is, okay, if you can kind of have that yield peace and you're still getting exposure to the underlying technology and the use cases, certainly, with something like Ethereum, that's where it's becoming, you know, even more attractive and it kind of balances out the risk in a way, right?
– Absolutely. I mean, it's still highly volatile. It is still highly volatile. So, you got to understand if you buy Ethereum and you're yielding 4.5%, well, it could draw down 60% in a year.
– So, 4.5%…
– And you're cooked.
– Yeah. But if you buy a 10-year treasury right now that's yielding 1.3%, the total yield over 10 years is 13%. Inflation is going to eat that up in the first two years all future payments, right?
So, I think some of it is just this inflation where inflation is and where yields are, that's called financial repression. And I think investors have to decide, "Do I want to park so much of my investable assets in this asset class that is shrinking? The purchasing power of this asset class is shrinking."
It's an implicit wealth tax. It's a wealth tax by another name. And so in that kind of environment, you know, liquidity is going to slosh around and it's going to look for new asset classes where maybe you can get some yield. And yeah, there's a risk and return trade-off, but you might accept more risk, right? You can stay in bonds.
I guess you could say, "Well, they're not that risky. I guess they're not that risky. There's not that much uncertainty." You know you're getting screwed, right?
– Right. Well, I mean, and this is… Andy, you co-founded The Alternative Investment Database. I mean, this is one of…maybe the key thesis for why you are so excited about alternative investments is this idea of, you know, investors looking for other options and other ways to get yield and return, right?
– Absolutely. Yeah, they're looking to generate positive returns after inflation. They're looking for tax-advantaged strategies, 100%, and frankly, they're also looking into some of these alternative asset classes that they believe have prospective returns that are going to outperform definitely the bond market. And there's a lot of sophisticated investors who are recycling some gains from this year, putting them into all kinds of different alts including crypto.
So, that's 100% right.
– Andy, I feel like we've really covered a lot of the basis here. I'm curious if there's any sort of sum-up or ultimate, I don't know, prediction or insights you can offer when we're talking…
– Absolutely not, Scott. Absolutely not.
– No more. You've given me all we can have.
– No. I just think, you know, like, with inflation versus deflation, I guess if you really put a gun to my head, I can give you predictions, but I think it's more helpful to be a little agnostic and to say, "What do I think I know? I think it's likely that we're going to have sustained inflation for the next two to three years. But as far as that larger trend, okay, people can make a pretty compelling case for hyperinflation or sustained long-term inflation depending on what we do with the printing presses in Washington.
But also you can make a pretty compelling case for deflation if you look at our demographic trends, if you compare the United States to Japan, right, which has had this lower birth rate and it's been in this long-term secular deflationary cycle. And who knows how long that's going to continue? So, for me, personally, I'm long Bitcoin, I'm long crypto.
And part of that is not trusting our printing presses in Washington, but my…
– To resist the urge.
– Yeah. But my thesis is larger than that. It's definitely also a bet on the technology in the utility. And could we be in a crypto bubble that's going to pop? Sure, just like, you know, maybe the internet was a bubble in 1998 and 1999, but ultimately, the internet technology changed the world and added a ton of productivity and value to the global economy.
And I guess that's my macro thesis for crypto, Scott.
– To kind of piggyback on that, I've always stated, you know, when I've talked to a lot of folks that have founded companies, you know, built around crypto or the underlying technologies and blockchain technology, I always say, you know, the cat is out of the bag. This is not going away. And whether, you know, a bubble bursts and things crash down to earth or, you know, the volatility continues or whatever you may be seeing, the underlying technologies, the desire from whether it be, you know, traditional financial organizations or, you know, entrepreneurs and folks in business, the desire to find these use cases, solve some of the challenges that still need to be solved when you're looking at cryptocurrencies.
These are going to continue to exist and it's going to continue to march forward. And, again…
– And Scott, on that note, I mean, to me, the bottom line is almost, if you just look at the talent entering the space from developers and just entrepreneurial talent, entering, you can kind of just watch the flow of people of high-quality entrepreneurs, very, very smart people, way smarter than me going into the space and building things.
So, no. You're asking me for predictions? I'm probably not smart enough to do that, but I think even if there's a bubble pop, like you said, it's here to stay, for sure.
– Absolutely. So, maybe in many ways, you know, to kind of sum up our whole discussion here, is inflation not irrelevant to what's going on in crypto, but almost if you look at the bigger picture, it's, yeah, that's where it is now. And if there is some impact, does that change really the long-term future for crypto?
I don't think it necessarily does. It may just make the environment look a little differently, right?
– Absolutely.
– Andy, thank you so much for joining me on the show today, offering your insights and no predictions, but maybe philosophies which I think is great. And if folks want to find out more about any of the articles we talked about today or any of this, you can always go to cryptogic.com. Check out our show notes. And stay tuned because we're going to have more exciting episodes where we're going to be talking about things like inflation and beyond because, as I said, it's here to stay.
Cryptogic
Cryptogic serves crypto investors who are focused on long term results. We cover blockchain technology, NFTs, Bitcoin, Ethererum, and other cryptocurrencies.
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Last night I came across this photo of a watercolour of a pelican which I did a year or so ago using the same process mentioned in the previous post. This one sold rather quickly but I had intended to do a seies of birds in this manner. As often happens other things took over. Maybe this time if I find a good, appropriate place to have an exhibition I will be inspired to produce a collection of these. I do so enjoy the process and the bit of mystery and movement of the end result. Satisfies both my love of careful rendition and drawing…. my Science/Biology background…. and my love of playing with paint effects in a fluid and creative manner…. my "wild", emotional art side.
This entry was posted in All things Coastal, art, painting, Tasmanian artists, watercolour and tagged birds, blowing paint, Contemporary art, creative watercolour, lost and found edges in painting, movement in watercolour, mystery in watercolour, nature, paint tangles, painting atmosphere, painting movement, painting mystery, painting nature, Pelican, play with paint, Tasmanian art, watercolour.


text:
Donavan Tate has missed the last 3 AZL games, is he injured again?
Anyone go to the Storm game last night?
They had a "No Nothing" promotion.
Free to get in, no announcers, no concessions (bring your own).
Actually sounds kind of cool.
Poreda gave up his first runs last night at Portland in eight games.
3 runs (1 earned) on 2 hits.
Still has a 0.68 ERA at Portland.
Unfortunately I think he still has as many walks as he does strikeouts. He's giving up very few hits though.
Sounds like he's ready to jump into the rotation!
Walked one last night.
9 K's, 8 BB 7 H (.156 BAA) in 13.1 innings.
Must have unbelievable stuff.
MILB article on Lollis
There are plenty of games left this season, and Matthew Lollis is already feeling the grind, but that's not necessarily a bad thing.
Lollis opened the season in impressive fashion, going 1-0 with a 0.00 ERA over 13 innings in his first two starts. He allowed just two hits and two walks while striking out 10. On June 19, in his first start of the season, the right-hander carried a no-hitter into the seventh inning against Vancouver in front of the home crowd at brand-new PK Park.
Those accomplishments earned him honors as the Northwest League Pitcher of the Week for the week ending June 27.
Lollis said much of the credit for his stellar start to the year can be attributed to improved fastball command, which comes from a recent change in his windup. For the last few weeks, he has been winding up over his head, and Lollis immediately experienced improved results.
Though he proved human in his June 29 start against Boise, allowing four runs in six innings, Lollis is still 1-1 with a 1.89 ERA and 0.68 WHIP for the season -- impressive numbers considering he threw just two bullpen sessions with his new windup before taking the mound.
"I wasn't expecting the results to come this fast," Lollis said. "My arm is feeling a lot stronger, as well."
That endurance will prove useful as the season wears on. Lollis said he's already starting to feel the grind, especially after the team's first road trip of the year, which was a bus trip to Tri-City. It was something the 19-year-old said was just as mentally draining as it was physically.
"It's not as easy as people think it is, but I love it," Lollis said. "The long bus trips are kind of brutal."
Those bus trips may be brutal, but the numbers Lollis posted in his lone road start were anything but. In his second start of the year against the Dust Devils, Lollis went seven innings while striking out six and allowing one hit.
And though his hard work is already paying dividends, there's still plenty more work to be done. That work includes workouts before games -- and there's hardly any rest for the weary, within reason, that is.
"The day after your start is the longest day," Lollis said. "We do some long-distance running, long toss -- of course, it all depends on how my arm is feeling."
And while a pitcher can dazzle with fastballs and breaking pitches alike, eventually the ball gets put in play. When that happens, a pitcher relies heavily on his defense. As far as Lollis is concerned, his teammates have got his back. And if the trend continues, he may just have a meal or two for them, as well.
"I'm going to have to [buy my teammates dinner] if they keep making plays behind me," Lollis joked. "They're the ones that keep my starts the way they are."
Tate's back in the lineup.
Not sure why he was out. It'd be nice if San Diego had some kind of daily news periodical that provided information about the San Diego Padres that would have told us this information.
Nice to see Tate back in the lineup.
myk13 franch1se
The Padres released former third overall pick Eric Munson, tweets MLB.com's Corey Brock.
at least he wasn't our 3rd overall pick
Grand Moff Tarkin
Registered Grand Moff
Originally posted by myk13 franch1se View Post
From Urban Dictionary:
munsoned (v.) - to be up a creek without a paddle; to have the whole world in the palm of your hand and blow it. a figure of speech.
from the great movie "kingpin".
I'd sooner get munsoned out here in the middle of nowhere than lose face in front of my friends and family.
Didn't the UT just announce they were going to do a better job of updating things like this on a regular basis? Seriously, it's not that hard to subscribe to multiple Twitter feeds and update accordingly.
The UT's minor-league coverage is even more sparse this year. Bill Center's Minor League Blog is anything but "daily" and contains very little insight. (He said nothing about Tate's absence.) It's basically just a brief gloss of the previous night's box scores. Nothing about player's trends, injuries, or interviews with the front office or scouts.
I get my minor-league news from Down on the Farm, a subscription to Baseball America, and checking the box scores every night. (And occasionally John Sickels' site.)
Old Jablonski went 1-3 with two walks tonight, but he's struggling since he got to Ft. Wayne, only hitting .182.
He started in Eugene and hit well in four games.
The good news is he's got more walks than K's and actually quite a few walks (5 in 38 PA).

redpajama_set_name: RedPajamaCommonCrawl


text:
Q: Generating a SequenceFile Given data in the following format (tag_uri image_uri image_uri image_uri ...), I need to turn them into Hadoop SequenceFile format for further processing by Mahout (e.g. clustering)
http://flickr.com/photos/tags/100commentgroup http://flickr.com/photos/34254318@N06/4019040356 http://flickr.com/photos/46857830@N03/5651576112
http://flickr.com/photos/tags/100faves http://flickr.com/photos/21207178@N07/5441742937
...

Before this I would turn the input into csv (or arff) as follows
http://flickr.com/photos/tags/100commentgroup,http://flickr.com/photos/tags/100faves,...
0,1,...
1,1,...
...

with each row describes one tag. Then the arff file is converted into a vector file used by mahout for further processing. I am trying to skip the arff generation part, and generate a sequenceFile instead. If I am not mistaken, to represent my data as a sequenceFile, I would need to store each row of the data with $tag_uri as key, then $image_vector as value. What is the proper way of doing this (if possible, can I have the tag_url for each row to be included in the sequencefile somewhere)?
Some references that I found, but not sure if they are relevant:

*

*Writing a SequenceFile

*Formatting input matrix for svd matrix factorization (can I store my matrix in this form?)

*RandomAccessSparseVector (considering I only list images that are assigned with a given tag instead of all the images in a line, is it possible to represent it using this vector?)

*SequenceFile write

*SequenceFile explanation

A: You just need a SequenceFile.Writer, which is explained in your link #4. This lets you write key-value pairs to the file. What the key and value are depends on your use case, of course. It's not at all the same for clustering versus matrix decomposition versus collaborative filtering. There's not one SequenceFile format.
Chances are that the key or value will be a Mahout Vector. The thing that knows how to write a Vector is VectorWritable. This is the class you would use to wrap a Vector and write it with SequenceFile.Writer.
You would need to look at the job that will consume it to make sure you're passing what it expects. For clustering, for example, I think the key is ignored and the value is a Vector.

redpajama_set_name: RedPajamaStackExchange


text:
Senate committee seeks answers in H5N1 study debate
Biosecurity Issues
Dual-Use Research
Apr 26, 2012 (CIDRAP News) – Spurred by events surrounding two controversial H5N1 transmission studies, a US Senate committee today questioned federal officials whose agencies have a stake in dual-use research of concern (DURC) about the procedures they use to spot possible bioterror threats.
Today's Senate committee hearing marked the first time officials have testified before Congress on the issue, and follows concerns raised in recent letters to federal officials by Rep. Jim Sensenbrenner, R-Wisc., who has questioned the Obama administration's safeguards on DURC and has inquired about allegations of bias that arose following an expert group's recommendation that helps clear the way for publication of the two papers.
The Senate Committee on Homeland Security and Governmental Affairs is the Senate's chief oversight committee and is led by Sen. Joseph Lieberman, Ind-Conn., the only member who questioned the witnesses during today's hearing, which was aired live on CSPAN and on the Senate committee's Web site. Federal officials who testified today included Anthony Fauci, MD, director of the National Institute of Allergy and Infectious Diseases (NIAID) at the National Institutes of Health (NIH), and Daniel Gerstein, PhD, deputy under secretary for science and technology at the Department of Homeland Security (DHS).
The two H5N1 studies that helped prompt today's hearing involve a team led by Ron Fouchier, PhD, of Erasmus University in the Netherlands, and a team led by Yoshihiro Kawaoka, DVM, PhD, of the University of Wisconsin, Madison.
Witnesses also included Paul Keim, PhD, acting chair of the National Science Advisory Board for Biosecurity (NSABB), the independent expert group that advises the NIH in dual-use research issues, and Thomas Inglesby, MD, chief executive officer for the Center for Biosecurity at the University of Pittsburgh Medical Center. Keim is also director of pathogen genomics in the Translational Genomics Research Institute at Northern Arizona University.
At the start of the hearing, Lieberman said he hoped the witnesses could shed light on recent charges from NSABB member Michael T. Osterholm, PhD, MPH, that the NIH shaped the agenda for the group's meeting in late March to induce the board to reverse its earlier recommendation to withhold details of the H5N1 studies from publication. Osterholm aired his concerns in a letter to the NIH that was leaked to ScienceInsider. Osterholm is director of the Center for Infectious Disease Research and Policy (CIDRAP), the publisher of CIDRAP News.
Fauci told the committee that H5N1 is one of the NIH's research priorities, because flu viruses are known to undergo extensive genetic changes and can jump species. "The goal is to anticipate what the virus is continually trying to do on its own." He noted that a public misperception arising during the H5N1 debates was that the aerosolized virus was lethal to the ferrets used in the study. "That was not the case," he said.
The NIH's goal is ensure that research is conducted and communicated in a transparent manner and that the risks and benefits of research are thoroughly considered, Fauci said, adding that in this case, "The risk-benefit balance clearly tips toward benefit."
Gerstein said the DHS faces DURC issues with some of its research projects, such as work on foot-and-mouth disease (FMD). He stated that project managers at early stages are trained to watch for possible DURC issues. He said not all security concerns can be entirely addressed by US policies but that a new life-sciences DURC policy unveiled Mar 29 reflects much of the agency's work and that the DHS is already well equipped to implement the changes.
Lieberman asked Gerstein and Fauci how many of the agencys' research projects fall into the DURC category. Gerstein said that of 225 research projects, between 5 and 10 fall into the highest tier of concern. Fauci said that according to a recent NIH inventory, none of the 404 intramural research projects have DURC concerns, and 10 of 381 extramural projects raise DURC concerns. Of the 10, seven involve influenza, he noted.
Keim shared some details about NSABB deliberations that led the group to reverse its earlier recommendation that only redacted versions of the two H5N1 papers be published. He said many on the board, after hearing a classified security presentation, were left with the impression that there wasn't an increased risk if the full versions of the papers were published. However, he noted that the split (12-6) vote on the Fouchier paper shows that the board is still troubled by some of the issues.
He stated that the group was also aware there would be "undesirable consequences" if the papers weren't published in full. When pressed about what the consequences were, Keim said one was international collaborations to control and understand flu, such as the fragile influenza virus–sharing agreement that- was approved by the World Health Assembly in 2011 after 3 years of difficult deliberations.
Lieberman asked Keim why the NSABB's decision on full publication was unanimous for Kawaoka's study but not Fouchier's. He said because Kawaoka's work involved a hybrid virus, the advisory group viewed the platform as less risky and less virulent.
When Lieberman asked him about Osterholm's criticisms, Keim said the group embraced the dissent, which was constructive during the discussions. However, he said the leaked letter makes it harder to have proactive discussions on the topic.
Keim said he agreed with Osterholm that the witness list was biased toward scientists who have an interest in getting their work published, but he said that factor wasn't problematic and that the NSABB handled the issue well.
Fauci said the NIH has responded to Osterholm's concerns on a point-by-point basis in a letter that he offered to share with the Senate committee. He told the committee that he disagreed with many of Osterholm's charges, especially his assertion that the security briefing was weak.
Inglesby said that now that the NSABB has made its final recommendation and the Department of Health and Human Services (HHS) has accepted it, it's time to look forward. He had three recommendations on how to manage future H5N1 work that raises dual-use concerns, including extending the research moratorium on engineered transmissible viruses, defining "uncrossable" lines that would signal when work shouldn't be done or continued, and increasing the nation's pandemic preparedness efforts.
Several of the witnesses expressed the opinion that there is more work to do on dual-use research concerns at the global level. "We're all hoping for an international culture of responsibility," Fauci said.
Gerstein added that few countries have "select agent" (dangerous pathogen) regulations and export controls, and health officials need to do more outreach on the importance of these topics as security issues.
Fauci said he didn't see any immediate legislative issues that need to be addressed in the wake of the debate on the H5N1 studies but added that the committee's airing of the issue was useful.
Apr 26 Senate committee hearing written testimony page
Apr 23 CIDRAP News Scan "Congressman questions NSABB decision reversal process"
Apr 13 CIDRAP News story "NSABB member says officials stacked deck for board's H5N1 decision"
Related News All news
Study says baloxavir fights all 4 flu types, many animal flu viruses
Feds cite flu, Salmonella, MERS, Lyme among zoonotic threats
Four countries report avian flu outbreaks in poultry
GAO says Defense Department lagging on lab biosecurity


text:
Ruth Boring
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Be the first to share your favorite memory, photo or story of Ruth. This memorial page is dedicated for family, friends and future generations to celebrate the life of their loved one.
Obituary for Ruth Boring
Ruth Fern (Matthews) Boring, 90, passed away peacefully in her home on April 10, 2019.
Born and raised in Agra, Oklahoma, Ruth met her soon to be husband, Francis Boring, while attending and eventually graduating together from the University of Central Oklahoma in 1950. Ruth was Assistant Registrar at Central State College. Ruth and Francis moved to Midwest City in 1953. Ruth taught 1st and 2nd grades for 34 years in the Mid-Del School System, retiring in 1986. Ruth is survived by her daughter, Debra K. Goeller and her husband, Larry, and their children: Dustin Walker, Rosty and Elizabeth Walker, Mindy Walker and Christina and Cody Anderson; daughter, Jana S. Long and her husband, Gil, and their children: James and Jennifer Long and Jill and Mike Nelson; son, David A. Boring and wife, Carla, and their children: Robert and Christine Boring and Russell Boring; daughter, Nancy J. Head and her husband, Tony, and their children: Charles and Juley Head, Matthew and Nikki Head, Christy Head and Andrew and Laci Head; son, Jeffrey L. Boring and his wife Robin, and their children: Kasey and Kennedy Hutchins; 20 great-grandchildren and many, many friends and loved ones. She was preceded in death by her father, Jesse Matthews; mother, Ethel (Cabe) Matthews; brother, Eugene Matthews; two sisters, Quincy Dawes and Erdis Dean and son in law, Roy C. Walker.
To send flowers or a remembrance gift to the family of Ruth Boring, please visit our Tribute Store.
First Baptist Church Midwest City
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Thank you for doing an excellent job presenting QlikView 11 for Developers. I appreciate the fact you stuck to the material in the book and didn't go off topic. You did a great job keeping a good pace… I enjoyed the course very much and I learned a great deal. Thank again and I look forward to future courses with Skillforge!
I have been working with (the) course content for almost 10 years, and was still able to learn something new. Our instructor was clear and concise and was careful not to go off topic even when we students could very easily do that. He kept us on track and ON TIME! Awesome!
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text:
Pharmacovigilance Department
All drugs
Ecoloogy
Publications in mass media
Leaders of thoughts
How to become part of Farmak
Why choose Farmak
Life in Farmak
Constituent and registration documents
Minutes of General Meeting of Shareholders
Financial statements and information about the Company
Головна Новини There is completed the first stage of production facilities construction in Shostka
There is completed the first stage of production facilities construction in Shostka
Farmak JSC has completed the first stage of construction of new substances manufacturing facilities that will be located in Shostka (Sumy Region) on the territory of former "Svema" plant.
At the preparatory construction stage there was leveled the ground area to locate the new production facilities (for that, there was spread 13 thou. m³ soil). The dangerous constructions were disassembled (there were removed approximately 200 tons of construction wastes). After that the construction was started and the communications were supplied.
Olexiy Ivanchenko, Farmak's Project Manager: "At present external power supply, networks, water supply, sewerage system are ready for service. All these communications were supplied to the repaired constructions. There were constructed new entrance checkpoint, fire reservoirs, and reservoirs for drinking water. There was constructed two-storied dwelling house for our employees".
The administration building is being extended from a single-storey house to the building with the annexed attic storey. Old arched storehouse was repaired; there will be kept equipment and spare parts.
Production facilities will be located in the historic building: there is a building with area of 3 thou sq. m. After reconstruction this building is planned to be the production facilities for pharmaceutical ingredients. At present this building is at the stage of designing, the dangerous constructions are being reconstructed.
13 substances will be manufactured at new production facilities located in Shostka. About 80 local specialists will be taken on the staff.
Back to the News
The EBRD will provide Farmak with funding of 15 million...
Money will be invested to increase production capacity and equip with modern equipment, to expand production and to construct new laboratory and production complex. "Farmak" has chosen the path of continuous development. We make modern, effective medicines available. 15 million euros of investments of the European Bank for Reconstruction and Deve...
Farmak is planning on investing $ 40 million in the con...
This was stated by Volodymyr Kostiuk, Executive Director of the company, in an interview with the Ukrainian News. "The complex will have 8 floors, including a 3-floor parking lot, along the Zavodska street within the plant's territory. We will invest about $ 40 million in the construction including all the equipment, construction works, and relocation. [&hel...
The Website of "Farmak" Among the Winners of WEB AWARDS...
The website of "Farmak" has got silver in the nomination "Medicine, health, sport" at the All-Ukrainian competition of websites and mobile applications — WEB AWARDS UA. About 130 websites have participated in various nominations of WEB AWARDS UA. "Farmak" is an open innovation company, that's why it is important for us to have a quality […...


Univision, the leading Spanish language television network in the US, licenses a substantial portion of its programming from Televisa, an operator of Spanish language television networks in Mexico and throughout the world. Now, in a case that highlights the potential conflicts that can arise when television programming is made available online, Univision has filed suit against Televisa in the US District Court in Los Angeles claiming that by distributing its shows on the Web, Televisa is in breach of its agreement with Univision which granted Univision exclusive rights to certain Televisa programming in the US. At issue is the broadcast "overspill" clause of the 1992 distribution agreement between Univision and Televisa. Under the agreement, Televisa granted Univision exclusive broadcast rights in the US to certain programming produced by Televisa but the agreement contains an exception to Univision's exclusivity for any transmission of a program emanating from a television station located in Mexico. This clause, which is typically included when television rights are licensed on an exclusive basis for a specific territory, is designed to address the issue of broadcast "overspill" resulting from the ability of television signals broadcast from neighboring countries to be received across the border. Televisa contends that under the broadcast "overspill" clause, it may exhibit and distribute its programming on the Internet via servers based in Mexico. A decision against Univision could have a significant adverse impact on Univision's viewership and ratings (and hence its advertising revenues) because Televisa typically broadcasts its shows in Mexico several months before the programs are made available to Univision and other broadcast licensees outside Mexico. US viewers could potentially watch the extremely popular Televisa soap operas and telenovelas on the Internet six months ahead of when they air on Univision. A similar issue is involved in litigation filed in 2007 by the Starz pay TV programming service against Disney. In the litigation, Starz contends that Disney's distribution of its films via the Internet through services such as iTunes and Amazon.com violates the exclusive pay television rights granted by Disney to Starz under various pay television license agreements between the two companies. Starz is also distributing Disney's films online through its Starz On Demand and Vongo services. The Univision/Televisa litigation and the Starz/Disney litigation illustrate the problems that can be created by new media applications under agreements purporting to license television rights on an exclusive basis. These problems can be particularly acute under older "legacy" agreements where key definitions and terms used to describe the licensee's exclusivity may have been drafted without a view to potential future exploitation via the Internet and other new media distribution platforms. For example, a random Pay TV agreement from 1994 I just pulled off my shelf defines "Pay Television" as "the encrypted transmission and/or retransmission from a distance (i.e., other than from the premises where received) and intended for receipt on a television monitor or other comparable non-public video display by broadcast, microwave, satellite, optical fiber, telephone cable and/or coaxial cable of synchronized video and audio signals both of which are received upon payment by a Subscriber of a periodically charged or supplemental subscription and/or access fee." This definition would appear to encompass not only traditional pay television rights typically granted to HBO, Showtime and Starz but also digital video-on-demand rights granted to various Internet distribution services such as Amazon.com and BestBuy.com. Obviously, in licensing rights for distribution via the Web and other new media platforms, such as mobile and handheld devices, content owners need to examine pre-existing, legacy television distribution deals to ensure that those rights are available and are not encompassed within the grants of exclusive television rights. Also, practitioners on both sides of new television deals need to take particular care in defining the scope of the licensee's exclusivity to avoid the types of problems that have surfaced in the Starz and Univision cases.


I doubt that Steve Jobs has ever asked Apple customers what type of products they want, or that he cares about what they need. Jobs believed that if he developed a mobile phone that plays music and surfs the web, he could create both the want and need. He was right: his iPhone changed the industry and started a mini technology revolution. Most of the entrepreneurs I know fancy themselves to be like Jobs. They think they know—better than their customers—what the customers want, and what they need. Or they believe, as in the movie Field of Dreams, that if you "build it, they will come". But it just doesn't work this way in real life. The vast majority of technology startups fail because no one buys or uses their products.
Strategy consultant Sramana Mitra calls this failure "Infant Entrepreneur Mortality". She says that in the hundreds of companies she has mentored, lack of customer validation is by far the biggest cause of failure. Startup guru Eric Ries says that "validated learning" about customers is even more important than revenue for a nascent startup. Revenue, by itself, doesn't build traction for a business; it is only when you have products that are tested and proven, that customers are ready to buy, and that you can sell and deliver profitably that you have the right ingredients for a successful business.
How do you determine what customers will buy (or, if you're building a free web technology, what it is that they will invest the time and effort to use)? Unfortunately, this isn't a simple matter of asking. Your customers know what their problems are; they know what they like; and they know what they don't need. They don't know what you can uniquely develop for them that they will really want. This is what you need to figure out. Start by understanding what the customer's problems are; use your experience and vision to conceive solutions; share this with potential customers in ways that they can understand; and learn. It is an iterative process.
The best example I've seen of a startup looking before it leaps is Campfire Labs. The startup has spent 14 months prototyping products. It hasn't even started developing its products yet. It could be that Campfire never gets off the ground, but if and when it does, it has a better than average chance of becoming a Zynga or Facebook. In the meantime, it has already lived at least three lives (but, fortunately, hasn't had to die three painful deaths). Campfire was founded by former Yahoo! search technologist Naveen Koorakula and, former Youtube head of international strategy and product, Sakina Arsiwala. Their goal is to change the way people collaborate on line—to make it more meaningful and to better manage the many contexts in which they interact (work, home, school, etc.).
Naveen and Sakina started by building a prototype of a personalized news/media site and sharing it with friends. But, while their techie friends would really get excited about algorithms, the others would scratch their heads trying to figure what the purpose of the product was. Next, they experimented with content sharing, interest graphs, and other technical concepts. They came with product ideas and asked their friends who were specialists in various disciplines to brainstorm with them. Once they thought they were on to something, they talked to random people on the street and workers in the mall next door. They went to university campuses and bought smoothies and sodas in order to get students to spend a few minutes with them. They carefully observed user reactions, read between the lines, and dug deeper to understand what the users were really saying. They incorporated what they learned into the next iteration.
Last time I met the Naveen and Sakina, they were still trying out new ideas. But they seemed to be getting closer and closer to having a product that users were eager to use.
Hold your team to high standards; don't settle for products that don't meet the vision; iterate, iterate, iterate.
Be disciplined about which vision to pursue; choose products that have large markets.
Discover what's in customers' heads, and tackle problems where design is a differentiator.
Work on as few products as possible; keep resources in reserve for experimentation.
Start over (change direction) if you find yourself with a product that's not working.


FUMBLES: Georgia Tech-Dedrick Mills 1-1. Boston College-Walker,M 1-1; Towles,P 1-1.
40 P.J. Davis              5    5   10  0.5/1    .   .     .      .    .      .     .
14 Corey Griffin           5    1    6     .     .   .    1-11    .    .      .     .
41 Rod Rook-Chungong       4    2    6     .     .   .     .      .    1      .     .
93 Antonio Simmons         4    1    5  2.0/5    1   .     .      .    .   1.0/4    .
15 A.J. Gray               3    2    5  0.5/1    .   .     .      .    .      .     .
17 Lance Austin            4    .    4     .     .   .     .      .    .      .     .
54 Kyle Cerge-Henderson    2    2    4     .     .  1-0    .      .    .      .     .
8  Step Durham             2    1    3     .     .   .     .      2    .      .     .
51 Brant Mitchell          1    2    3     .     .   .     .      .    .      .     .
92 Francis Kallon          .    3    3     .     .   .     .      .    .      .     .
52 Terrell Lewis           2    .    2  1.0/1    .   .     .      .    .      .     .
37 Mikell Lands-Davis      1    .    1     .     .   .     .      .    .      .     .
42 KeShun Freeman          1    .    1     .     .   .     .      .    .      .     .
20 Lawrence Austin         1    .    1     .     .   .     .      .    .      .     .
94 Anree Saint-Amour       .    .    .     .     .  1-0    .      .    .      .     .
10 Schwab,T                5    4    9     .     .   .     .      .    .      .     .
97 Gutapfel,T              5    3    8  1.0/1    .  1-0    .      .    .      .     .
9  Johnson,J               7    .    7     .     1   .     .      .    .      .     .
28 Milano,M                5    2    7  2.0/12   .   .     .      .    .   1.0/9    .
8H Harris,W                5    .    5     .     .   .     .      .    .      .     .
11 Ray,W                   1    2    3     .     .   .     .      .    .      .     .
5  Moore,K                 2    .    2     .     .   .     .      .    .      .     .
88 Giacone,M               1    .    1     .     .   .     .      .    .      .     .
14 McClary,G               1    .    1     .     .   .     .      .    .      .     .
20 Yiadom,I                1    .    1     .     .   .     .      .    .      .     .
96 Smith,R                 .    1    1     .     .   .     .      .    .      .     .
30 Strizak,M               .    1    1     .     .   .     .      .    .      .     .
85-Rodwell, R., 87-Butker, H., 93-Simmons, A., 94-Saint-Amour, A..
Georgia Tech wins toss, defers. BC will receive and defend north goal.
B 1-10 B25   Hilliman,J rush for 5 yards to the BC30 (Rod Rook-Chungong).
B 2-5  B30   Hilliman,J rush for 2 yards to the BC32 (Rod Rook-Chungong).
yards to the BC35, 1ST DOWN BC, NO PLAY.
B 1-10 B35   Rouse,T rush for 5 yards to the BC40 (Lance Austin).
B 2-5  B40   Towles,P rush for 4 yards to the BC44 (Rod Rook-Chungong).
B 1-10 B46   Towles,P rush for 6 yards to the GT48 (Corey Griffin).
return 11 yards to the GT41 (Giacone,M).
G 1-10 G41   GEORGIA TECH drive start at 10:01.
offside 5 yards to the GT46, NO PLAY.
G 1-5  G46   Dedrick Mills rush for no gain to the GT46 (Kavalec,K).
G 1-10 B49   Qua Searcy rush for loss of 4 yards to the GT47 (Strachan,C).
G 2-14 G47   Justin Thomas rush for loss of 1 yard to the GT46 (Strachan,C).
G 4-1  B40   Timeout Georgia Tech, clock 06:08.
G 4-1  B40   Clinton Lynch rush for 2 yards to the BC38, 1ST DOWN GT (Harris,W).
G 1-10 B38   Dedrick Mills rush for 2 yards to the BC36 (Gutapfel,T;Milano,M).
G 2-8  B36   Dedrick Mills rush for loss of 4 yards to the BC40 (Strachan,C).
DOWN GT (Harris,W), PENALTY BC offside declined.
G 1-G  B04   Dedrick Mills rush for 1 yard to the BC3 (Kavalec,K).
G 2-G  B03   Matthew Jordan rush for 3 yards to the BC0, TOUCHDOWN, clock 03:11.
Harrison Butker kickoff 65 yards to the BC0, touchback.
B 1-10 B25   BOSTON COLLEGE drive start at 03:11.
B 1-10 B25   Hilliman,J rush for no gain to the BC25 (Lance Austin).
offside 5 yards to the BC20, NO PLAY.
B 3-9  B26   Towles,P rush for 3 yards to the BC29 (P.J. Davis;Brant Mitchell).
G 1-10 G49   GEORGIA TECH drive start at 00:23.
holding 10 yards to the GT39, NO PLAY.
G 1-20 G39   Dedrick Mills rush for 4 yards to the GT43 (Kavalec,K;Strizak,M).
G 2-16 G43   Start of 2nd quarter, clock 15:00.
G 2-16 G43   Dedrick Mills rush for 2 yards to the GT45 (Milano,M).
G 3-14 G45   Justin Thomas pass incomplete to Dedrick Mills, QB hurry by Strachan,C.
G 4-14 G45   Ryan Rodwell punt 24 yards to the BC31, downed.
B 1-10 B31   BOSTON COLLEGE drive start at 13:54.
DOWN BC, out-of-bounds (A.J. Gray).
B 1-10 G41   Hilliman,J rush for loss of 1 yard to the GT42 (Antonio Simmons).
B 2-11 G42   Towles,P pass incomplete to Sweeney,T.
B 1-10 G28   Willis,M rush for loss of 2 yards to the GT30 (A.J. Gray;P.J. Davis).
B 2-12 G30   Towles,P pass incomplete to Sweeney,T (Step Durham).
B 3-12 G30   Towles,P pass complete to Rouse,T for 4 yards to the GT26 (Step Durham).
Rook-Chungong), Rod Rook-Chungong for no gain to the GT26.
G 1-10 G26   J.J. Green rush for 1 yard to the GT27 (Ray,W).
G 2-9  G27   Marcus Marshall rush for 3 yards to the GT30 (Gutapfel,T;Schwab,T).
G 3-6  G30   Justin Thomas rush for 4 yards to the GT34 (Schwab,T;Ray,W).
B 1-10 B29   BOSTON COLLEGE drive start at 07:06.
yards to the BC44, 1ST DOWN BC, NO PLAY.
B 1-10 B44   Hilliman,J rush for 2 yards to the BC46 (P.J. Davis).
B 2-8  B46   Towles,P rush for 5 yards to the GT49 (Rod Rook-Chungong).
B 1-10 G45   Walker,M rush for 4 yards to the GT41 (A.J. Gray).
B 2-6  G41   Jones,D rush for 2 yards to the GT39 (Terrell Lewis).
B 3-4  G39   Towles,P pass incomplete to Garrison,C.
B 4-4  G39   Knoll,M punt 38 yards to the GT1, downed.
G 1-10 G01   GEORGIA TECH drive start at 03:34.
G 1-10 G01   Timeout Georgia Tech, clock 03:34.
G 1-10 G01   Justin Thomas pass incomplete.
G 2-10 G01   Dedrick Mills rush for 4 yards to the GT5 (Strachan,C).
G 3-6  G05   Justin Thomas rush for 1 yard to the GT6 (Gutapfel,T).
G 4-5  G06   Timeout Boston College, clock 02:36.
B 1-10 G33   BOSTON COLLEGE drive start at 02:26.
B 1-10 G22   Willis,M rush for loss of 1 yard to the GT23 (Terrell Lewis).
B 2-11 G23   Willis,M rush for 5 yards to the GT18 (KeShun Freeman).
B 3-6  G18   Timeout Boston College, clock 01:29.
fumble by Towles,P recovered by GT Kyle Cerge-Henderson at GT22.
G 1-10 G22   GEORGIA TECH drive start at 01:23.
G 1-10 G22   Dedrick Mills rush for 5 yards to the GT27 (Milano,M).
G 2-5  G27   Dedrick Mills rush for 4 yards to the GT31 (Harris,W).
G 3-1  G31   Timeout Georgia Tech, clock 00:03.
G 3-1  G31   Dedrick Mills rush for 7 yards to the GT38, 1ST DOWN GT (Gutapfel,T).
G 1-10 G38   End of half, clock 00:00.
G 1-10 G38   Start of 3rd quarter, clock 15:00, BC ball on BC35.
G 1-10 G37   GEORGIA TECH drive start at 15:00.
G 1-10 G37   Justin Thomas rush for loss of 3 yards to the GT34 (Milano,M).
G 2-13 G34   Dedrick Mills rush for 3 yards to the GT37 (Gutapfel,T).
yards to the BC27, 1st and 10, BC ball on BC27.
B 1-10 B27   BOSTON COLLEGE drive start at 13:13.
Lichtenberg,C kickoff 65 yards to the GT0, touchback.
G 1-10 G25   Marcus Marshall rush for 6 yards to the GT31 (Milano,M).
G 2-4  G31   Marcus Marshall rush for 3 yards to the GT34 (Strachan,C).
G 2-5  G41   Marcus Marshall rush for 3 yards to the GT44 (Allen,Z).
G 1-10 B38   Marcus Marshall rush for loss of 2 yards to the BC40 (Allen,Z).
fumble by Dedrick Mills recovered by BC Gutapfel,T at BC29.
B 1-10 B29   BOSTON COLLEGE drive start at 08:33.
B 1-10 B29   Hilliman,J rush for 1 yard to the BC30 (Patrick Gamble).
B 1-10 B40   Smith,J rush for 9 yards to the BC49 (Corey Griffin).
B 2-1  B49   Willis,M rush for 4 yards to the GT47, 1ST DOWN BC (P.J.
B 1-10 G27   Hilliman,J rush for 1 yard to the GT26 (Brant Mitchell).
B 2-9  G26   Hilliman,J rush for no gain to the GT26 (Kyle Cerge-Henderson).
B 4-1  G18   Timeout Boston College, clock 02:58.
G 1-10 G20   GEORGIA TECH drive start at 02:53.
G 1-10 G20   Marcus Marshall rush for 2 yards to the GT22 (Strachan,C).
G 2-8  G22   J.J. Green rush for 4 yards to the GT26 (Schwab,T).
G 3-4  G26   Timeout Georgia Tech, clock 01:35.
G 3-4  G26   Justin Thomas rush for no gain to the GT26 (Johnson,J).
G 4-4  G26   Ryan Rodwell punt 37 yards to the BC37, downed.
B 1-10 B37   BOSTON COLLEGE drive start at 00:51.
B 1-10 B37   Hilliman,J rush for 3 yards to the BC40 (P.J. Davis).
B 1-10 G45   Start of 4th quarter, clock 15:00.
B 1-10 G45   Hilliman,J rush for 2 yards to the GT43 (Antonio Simmons).
B 2-8  G43   Willis,M rush for 7 yards to the GT36 (P.J. Davis).
B 1-G  G09   Rouse,T rush for 3 yards to the GT6 (Kyle Cerge-Henderson).
B 2-G  G06   Towles,P pass incomplete to Sweeney,T (Step Durham).
B 3-G  G06   Towles,P rush for 6 yards to the GT0, TOUCHDOWN, clock 11:46.
G 1-10 G32   GEORGIA TECH drive start at 11:46.
G 1-10 G32   Justin Thomas pass incomplete to Ricky Jeune.
G 2-10 G32   Dedrick Mills rush for loss of 1 yard to the GT31 (Gutapfel,T).
G 1-10 G45   Justin Thomas pass complete to Qua Searcy for 2 yards to the GT47 (Moore,K).
G 2-8  G47   Dedrick Mills rush for 2 yards to the GT49 (Strachan,C).
interference 6 yards to the BC45, 1ST DOWN GT, NO PLAY.
G 1-10 B45   Justin Thomas rush for 5 yards to the BC40 (Gutapfel,T).
G 1-10 B19   Dedrick Mills rush for 1 yard to the BC18 (Allen,Z).
G 2-9  B18   Marcus Marshall rush for loss of 4 yards to the BC22 (Strachan,C).
G 3-13 B22   Justin Thomas pass incomplete, QB hurry by Allen,Z.
G 4-13 B22   Harrison Butker field goal attempt from 40 GOOD, clock 05:57.
B 1-10 B25   BOSTON COLLEGE drive start at 05:57.
B 2-10 B25   Hilliman,J rush for 1 yard to the BC26 (Antonio Simmons;P.J. Davis).
B 3-9  B26   Towles,P rush for 1 yard to the BC27 (Antonio Simmons).
B 4-8  B27   Timeout Boston College, clock 03:39.
B 4-8  B27   Knoll,M punt 32 yards to the GT41, fair catch by Brad Stewart.
G 1-10 G41   GEORGIA TECH drive start at 03:33.
G 1-10 G41   Justin Thomas pass incomplete, QB hurry by Kavalec,K.
G 2-10 G41   Justin Thomas sacked for loss of 9 yards to the GT32 (Milano,M).
G 3-19 G32   Justin Thomas pass incomplete to Ricky Jeune.
G 1-10 B46   Qua Searcy rush for no gain to the BC46 (Johnson,J).
G 2-10 B46   Justin Thomas pass incomplete to Dedrick Mills.
G 1-10 B20   Justin Thomas rush for 8 yards to the BC12 (Schwab,T).
G 1-G  B06   Dedrick Mills rush for 2 yards to the BC4 (Smith,R;Milano,M).
G 2-G  B04   Timeout Georgia Tech, clock 00:39.
G 2-G  B04   Dedrick Mills rush for 4 yards to the BC0, TOUCHDOWN, clock 00:35.
B 1-10 B25   BOSTON COLLEGE drive start at 00:35.
yards to the BC20, NO PLAY.
B 1-15 B20   Towles,P pass incomplete.
BC false start 5 yards to the BC12, NO PLAY.
G 1-10 B34   GEORGIA TECH drive start at 00:03.
G 1-10 B34   Team rush for loss of 2 yards to the BC36.
G 2-12 B36   End of game, clock 00:00.


text:
HomeEntertainment"The single biggest professional embarrassment of my life": Letterman revisits the "Oprah/Uma" Oscars
"The single biggest professional embarrassment of my life": Letterman revisits the "Oprah/Uma" Oscars
Walt Disney Television/Lou Rocco(LOS ANGELES) — In 'celebration' of the 25th anniversary of one of the biggest flops in hosting history, David Letterman is revisiting that date that has lived in entertainment infamy: March 27, 1995 — the night he hosted the 67th Academy Awards.
The night had Dave starting things off with a monologue gag: "introducing" Oprah Winfrey and Uma Thurman& as a play on their unusual names, and then adding Keanu Reeves to the bit. The gag landed with a thud — but Dave shouted "OPRAH/UMA!" six more times before the monologue was over, and more as the night wore on.
The night has been described as "The Gold Standard of Oscar bombing."
To The Hollywood Reporter's Scott Feinman, Letterman had his own critique, calling his show an, "explosion of excrement."
Letterman took the reporter through the disastrous joke, noting he had his monologue down cold before "at the last minute" his then-Late Show head writer, Rob Burnett, came up with the intro bit.
Letterman insists, "And by the way, this is a solid idea," Letterman insisted. "…I said, 'This is great…this will…loosen everybody up!" Because unusual names — we have three!""
Dave admits the director wasn't prepared to show the three celebs in their seats, which made for a comedy quagmire. He also admitted he'd forgotten he kept repeating the joke in an attempt to try and save himself.
Letterman says he knew "right away" that the bit had bombed. "Oh, yeah!" he commented. "'I think someone's perspiring in this suit — oh, it's me!""
Acerbic as ever, the My Next Guest Needs No Introduction host thanked Feinman for, "helping me to celebrate…the single biggest professional embarrassment of my life."
The 72nd annual Academy Awards airs — without a host — on February 9 on ABC.
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Sunday massive attack on Maiduguri by the extremist could have wreaked more havoc, but thanks to the Nigerian army who were able to intercept about 14 female suicide bombers from getting to their targets. This was made known yesterday by Theatre Commander, Operation Lafiya Dole, Major General Yushau Abubakar.
General Abubakar said Maiduguri would have witnessed another major disaster had the 14 female suicide bombers found their ways into the heart of the city.
Addressing journalists at the Operation Lafiya Dole media centre in Maiduguri, the theatre commander, Major General Abubakar, who was represented by the General Officer Commanding (GOC), Major General Lamidi Adeosun, said: "The female suicide bombers of ages between 12 and 18 tried to force their ways into Maiduguri with the intent of causing mayhem, confusion and panic but were intercepted by the troops of Nigerian Army on patrol".
The commander said: "Some of the suicide bombers were gunned down by our troops, three escaped and one arrested which I believe they have averted what would have been a major disaster if they had gained entrance into Maiduguri.
General Abubakar said the insurgents' capacity to attack has been degraded "that was why they were bent on attacking soft targets".
He appealed to the general public to always be vigilant and report any suspicious movement to the security outfits nearby.
Meanwhile, last night, Boko Haram fighters stormed Maiduguri with the intention to attack but were repelled by soldiers. The insurgents who came with trucks loaded with female suicide bombers were able to sneak some of them into the city while they were being engaged by soldiers.
The insurgents had yesterday at about 7:30am resumed attack on the city through the female suicide bombers mostly young girls.
The first attack was on a group of people sitting outside a mosque located behind the Maiduguri Federal High Court Complex near Jiddari Polo.
Residents of Buraburin, where the attack was carried out said a female suicide bomber approached the gathering outside the mosque and simply detonated her self, killing about 20 persons, injuring many others.
Borno State governor, Kashim Shettima had yesterday visited the injured victims of the attacks in two different hospitals where he commiserated with them.
Chief Medical Director (CMD) of State Specialists Hospital, Dr. Salisu Kwaya Bura, and the CMD of Umaru Shehu Ultra Modern Hospital, Dr. Laraba Bello had while briefing Governor Kashim Shettima on the state of patients at the hospitals , said that 32 bodies were deposited in hospital morgue, while 85 injured people were admitted yesterday with nine patients referred to University of Maiduguri Teaching Hospital for further treatments for burns and multiple fractures.
Governor Shettima, who spoke in grief said the attack should further challenge the citizens to be more vigilant.
"We will urge our people to be extra vigilant and to report all suspicious movements to the nearest military formations", said Shettima .
"Our head is bloody but remains unbowed. We believe that the worst is over and by God's willing, we shall strive to give hope to the hopeless; and a cause of joy to the down trodden.
Adamawa State government has confirmed the death of 17 people whie 41 others sustained varying degree of injuries in the latest suicide bomb attack on Madagali Local Government of the state.
Making the disclosure, Adamawa State Commissioner of Information Comrade Ahmad Sajoh noted that the number of casualties was arrived at after consultations with various stakeholders including community leaders, humanitarian workers and security operatives in the area.
He noted that the injured victims have been taken to various hospitals in Borno and Adamawa states with the worst injured victims taken to the Federal Medical Center Yola.
Sajoh noted that the state government has taken responsibility of footing the cost of treating the victims of the bomb blast just as he said the government is assessing the situation to chart better measures in securing border communities.
Sajoh added that the government would enhance public enlightenment campaigns in the state so as to sensitize the people in order to be extra vigilant urging the general public to be more conscious of their environment and report suspicious movements and persons to the security operatives.
He noted that normalcy has since returned to Madagali after the unfortunate incident as government is collaborating with security agencies to ensure a water tight security across all the vulnerable border communities and by extension every nook and cranny of the State.
Meanwhile, Adamawa State Emergency Management Agency (ADSEMA), has confirmed the death of 17 persons in Monday's twin suicide bomb attack in Madagali town.
The Executive Secretary of ADSEMA, Mallam Haruna Furo, who made the confirmation, told the News Agency of Nigeria (NAN) on Monday in Yola that 41 people sustained injuries.


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The Four-Way Test
The Goldfields Cluster
Science & Engineering Challenge
Bill Ashman Testimonial Dinner
The world was a very different place back in 1959 to what it is today. However, in December of that year, a young Bendigo man was set to join a new Rotary Club. The Rotary Club of Bendigo South and Bill Ashman's career as a Rotarian had begun.
So it was fitting that over 54 years later, Bill's life and dedication to 'Service Above Self' was recognised at a recent testimonial dinner by current and past members of the Rotary Club of Bendigo South, as well as by friends, family and other notable figures from throughout Bill's life.
Answering life's vocational call throughout the classification of Accounting Services, Bill not only crunched numbers throughout the day at work, but also for his local Uniting Church congregation, the Eaglehawk golf club and the Rotary Club. Several guest speakers and friends of Bill'srepresenting these organisations spoke of his involvement throughout the course of the testimonial dinner. It was interesting for all present to hear of Bill's achievements in family, work andbusiness. Several of Bill's children and grandchildren were present on Thursday night; so too was wife Verna, who was also acknowledged for many years of service to her family and the Bendigo community.
A pre-recorded interview between Bill Ashman and past Rotarian, Laurie O'Farrell, was also shown at the testimonial dinner, where Bill recalled his involvement in the Rotary Club of Bendigo South in his own words. One Rotary project that stood out for Bill was going out to a members farm to bail hay to fundraise money for the Rotary club.
The night concluded with Rotarian, Bill Ashman, being recognised with a double sapphire Paul Harris Fellow recognition for his commitment over 55 years to the motto of Service Above Self, which included 46 years as the club's financial auditor. Bills wife, Verna Ashman was also recognised with a Paul Harris Fellow recognition for support to Bill and years of community work in her own right, delivering meals on wheels, as well as many other worthy pursuits.
With over 70 people in attendance on the night, the Bill Ashman testimonial dinner was a very large success. It was fitting for Bill's service to the club to be recognised the way in which it began, as the theme for the night was 1959. This involved members donning the attire of the 1950s, music from the era as well as running the meeting as it would have been at that time.
All money raised on the night will be directed to the Rotary Foundation, an organisation for which Bill has long been a supporter.
The Rotary Club of Bendigo South is proud to acknowledge Bill Ashman as our sole remaining charter member from 1959, and we hope that Bill can long be associated with the club for a long time to come.
See the full coverage at the Bendigo Advertiser.
Director of Club Communications