Dr Paul Stoltz is an expert in the area of resilience and a New York Time best-selling author. His newest book is called, GRIT – The New Science of What It Takes to Persevere, Flourish and Succeed. Throughout Paul's career he has guest lectured at Cornell, Carnegie Mellon and the Harvard Business School. Paul, welcome onto the show, how are you sir?
Paul, for our listeners out there that are not as familiar with your formal education background and your time spent at the University of Minnesota?
Paul, you are attributed as being the man who coined the phrase "Adversity Quotient" in 1997. I'd love for you to share with the listeners your path to becoming an expert in the area of resilience, I'd love to have you share about your education and your path to becoming an expert on perseverance?
Paul, you've written, "For organizations, leaders, and individuals, AQ is the bedrock of human endeavor. Enhance AQ for real gains in productivity, capacity, performance, innovation, morale… and more." I'd love to have you share about the Adversity Quotient and the more than 1,500 studies with more than 500,000 people worldwide that have gone into developing this theory?
Paul, you've written that the prestigious Harvard Business School incorporates AQ theory and methods into its prestigious executive development and MBA programs. When did they start doing this and how has it helped?
Paul, you've written that, "Adversity Quotient can be permanently rewired and improved. Groups that complete AQ programs improve their AQs 11-23%, on average — a statistically significant gain. And these gains stick over time." What does the process of improving one's AQ look like?
Dr paul stoltz, you've defined GRIT as, "Your capacity to dig deep and do whatever it takes — even sacrifice, struggle, and suffer — to achieve your most worthy goals in the best ways." Break down why your research has lead you to become so passionate about this concept of GRIT?
Paul, on your website you write, "GRIT is the defining element in what it takes to realize your most important and rewarding ambitions. If AQ is about defense — how you respond to whatever comes your way — GRIT is about offense. It defines the degree, duration, and quality of effort you invest to make good things happen." Paul share with us more about this concept of GRIT?
Paul, the father of self-help Napoleon Hill once wrote, "The capacity to surmount failure without being discouraged is the chief asset of every person who attains outstanding success in any calling." Can you break down why most people quit at the moment the first encounter sustained obstacles or objections?
Paul, let's talk about GROK, what is this section of your book about?
To understand something at the cellular level.
Paul, let's deep dive into GAUGE, what is this section of your book about?
You are given a private code within the book to measure you GRIT.
Paul, let's talk about the GROW section of your book, what is this section all about?
FUN FACT – It was a best-of-seven playoff played between the American League (AL) champion Minnesota Twins and the National League (NL) champion St. Louis Cardinals. The Twins defeated the Cardinals four games to three to win the Series. Twins pitcher Frank Viola was named as the 1987 World Series MVP.
Learn more about Dr Paul Stoltz by going to www.peaklearning.com or email [email protected] with any questions.
Paul, if I'm out there listening how can reading and implementing the concepts found with your newest book GRIT improve both my life and my business?
Paul, our listeners are always curious about the habits and routines of the world's most successful people and so I would love if you would share with us what the first 4 hours of your typical day looks like?
Paul, you have written multiple best-selling books, is there any particular book that you've written that you would recommend for all of our listeners to purchase?
Paul, you are very well-read so I would love to get your feedback and advice on 1 or 2 books that you believe that all of our listeners should read and why?
Paul, my final question for you is this. You are a best-selling author whose work is respected all over the world, what does your actual process for writing books look like?
Paul, I appreciate you for taking the time out your busy and intentionally focused schedule to share with our listeners you words of wisdom. Is there a particular website that you would like all of our listeners to check out or a particular action step you would encourage all of our listeners to take?
Alright, ladies and gentlemen, welcome back to the thrive time show on your radio and podcast download. My name is Clay Clark. I'm the father of five human kids. My partner, Dr Robert Zoellner is the father of three human kids. Each child was created dif, different women. It's not weird. It's not weird. Actually. I have one grandchild and two on the way. When my face you have one up. Well, between the two of us, we built 13 multimillion dollar businesses in too because we seek out the mentorship and the guidance from proven experts and on today's show I could not be more excited than to interview dr paul stoltz. He's an expert in the area of resilience and in New York Times bestselling author. His newest book is called Grit. The new science of what it takes to persevere, flourish, and succeed throughout pope pulse career. He has guest lectured at such universities as cornell. Oh my carnegie, Mellon, z. These are all schools that I've been at Harvard business school. Paul, welcome onto the show. How are you sir?
now. Paul, for our listeners out there that are really not as familiar with your formal education and background, can you share with us a little bit about your experience at the University of Minnesota and in what you studied?
when you went to college. I mean it seemed like you had this yearning to figure out what made people successful.
you actually went as far as to a coined the phrase, the adversity quotient in 1997. Now, just to be clear, I graduated from Coke Hedo high school, Dassel Cokato high school west of Minneapolis, uh, about 45 miles west of Minneapolis in 1999. So you coined this phrase before I really knew it was going on. I'd love for you to share with the listeners your path to becoming the expert in the area of resilience. And I'd love for you to share about your, you know, the education and the research you put into this because you are the man. If you look up, if you look up the adversity quotient, whether it's Wikipedia, webster, you're the guy who's a known as being the guy who coined the phrase the adversity quotient. Tell us about this.
You know, what happened was, and I want everything I say to be a keen relevance to your listeners. So, you know, we all have these moments where inquiry and questions drive everything. And for me, you know, the question I was looking at, the good news for me is I became theoretically agnostic, which meant I wasn't married to just psychology because psychology at the time was definitely not answering the question. So I started to go scientifically far afield and you know, the best thing you can do sometimes is have the courage to ask ignorant questions. So if you go to the head of neuroscience at Harvard and ask a question, you're going to learn things for sure. And I did this all over the world and we did this with 21 different scientific disciplines. So here's the moment of truth. The day came where in a 30 foot by 20 foot room, we dumped out all the crates of research and put them in piles.
This was actually in 1990 and put them into piles and said, what's the unifying concept? First we had to put a sheet on top that kind of described that stack, blah, blah blah, on and on district days. Then we said, what is the single unifying thing that puts all these studies together, which is now 3,500 studies. And the answer was one thing, adversity. And we said, okay, and this is like, you know, 15 years what before emotional intelligence came out. So I said, Gosh, you know, maybe if we have this thing called an ICU, which we know is not terribly predictive of much in life, what if there were something called an Hbcu and adversity quotient where you actually could measure and Gosh, what if you could actually measurably improve how people respond to the tufts stuff, big and small, all of it. And so we started going at it and then you fast forward, I mean just a very short time.
We started to create version one data than one.one, one dot two or what's now called the Aiccu profile, which is the instrument we've used to measure this more than a million people around the world in 137 countries and all different levels of life. And we had our first 5,000 data sets and I did the dumbest but most courageous thing. I gave it to the statistic of statistical research at the educational testing service in Princeton, New Jersey. You know, they do those little things called like the college entrance exams. Right? And I said it's like hinder your child and saying is it's okay. And so this person came back on there, forget she slammed this data on my desk, she had these big thick glasses and she said, do you have any idea what you have here? And I want to know what you're going to do with this. And the point was, at that point she said, in many ways this was more robust than any college entrance exam. And this was like version one dot three. So we said, wow, is this a tattoo like as a cue, something that just sticks with you kinda like we thought Icu did, or is it something we could measurably improve permanently be wire and improves. So that became our quest and that set us on our path and I have formed peak learning my, my global company around this 32 years ago.
at 39. The research. I've had 39. The company had farmed for 32 years and touch wood as an entrepreneur, which is in my blood. We've grown peak for 32 straight years and just by doing this good work in the world and trying to enrich people's eyes this way. So you know a is incredibly potent. I have to tell you, I'm just obsessed with this because what I'm interested in is what's underneath what's underneath. So when people say you got an enhanced performance, you've got to grow engagement, you've got to prove innovation got enhance energy or health or low quality of life or relationships or optimism or anything that people are talking about. I want to know what's what undergirds that? What's the deep bedrock of that where you can't literally go any deeper so you don't. One of my favorite moments is I just love this moment because you know we've done this in collaboration with Harvard business school.
We've done this in collaboration with Mit's entrepreneurship program where they have me teach this there at Carnegie Mellon's Global Leaders Program in Seattle. All these different schools that make us better and better and better and my favorite moment is when we do this with companies and entrepreneurs around the world is there's this moment imagined the most cynical, jaded people you could ever meet who's heard it all been through it all arms folded across. They're just like, yeah, right, and when you serve up the science of a queue. And then I asked them this question of all the factors that influence your happiness, wellbeing and success, or I ask of all the factors to human factors that drive your business success. Which ones are in some way affected by your hq? And then there's this brilliant pause and then you hear this kind of grumble in the room like, well all of them, all of them, all of them, all of them.
And I say, pardon me? And they go, all of them. I say, so you're saying that if you could focus on and master one thing that could fortify and enhance everything else, this is it. And they go, well yeah. I say, okay, now here's my next question. Can you think of anything else you could focus on and grow that would have that kind of impact? And usually I get blank stares. So I love that moment because what that says to me in, and I haven't given up guys, I'm still working on it, but we excavate down. We've got some real bedrock here. If we can measurably strengthen how we respond to and deal with the tough stuff, it affects everything we care about.
You know, Dr Zoellner a man, my partner here. He when, when you, when is your birthday? January. Oh his. Or yours is in January minds. October third. So October third when you on October. Third thing. Thank you buddy. How old were you turning on October third dark 54. Okay. So the age of 50 for you. You obviously grew up without financial resources. Some could even classified as poor. Correct. You and I share. And that same background, my wife, uh, Dr Paul actually worked for Dr Zellner at the age of 1920. So my wife was his front desk lady some 18, 19 years ago and uh, that's Kinda how we got to meet each other. But you were rejected by almost every bank in Tulsa, Oklahoma when you want it to build drop telemetry clinic, which is now the largest or the most successful, uh, in the Tulsa area. Your auto auction is now very successful. You now own a large percentage of a bank and by the way, all the banks rejected you. You've had a lot of success. You own a durable medical equipment company. Um, there's a lot of other businesses I'm not mentioning, but you've had a lot of success and so you have mastered this adversity quotient z. Why have you been able to push on and most people stopped in? What question would you have for Dr Paul?
Well, I think I pushed on because I didn't have a choice in my mind, you know, when you grow up the way you do and you don't want to live like that, then you've got to figure out a ways to be successful in life and obviously being an optometrist and that's what my degree's in Dr Paul. And so I started that business and grew that and then did other businesses within Tulsa because I'm really kind of an entrepreneur. We're stuck trapped inside an optometrist body. But uh, this adversity quotient, this is, this is mind blowing stuff. You've been piddling with Isa piddling in a very nice term researchy, but researching and doing and you've been owning for almost 40 years. And it's fascinating to think that this could be a bedrock formation of people's success or not success. Right? And, and I guess my, my mind is what left?
What do you have left to prove? What do you have left to, to. In other words, why is this not on everybody's? Why? Why's it not everybody's tongue? I mean, why is this not something commonly? I'm going to go to the coffee shop and you sit down and starbucks and order my, just my black regular coffee and they stare at me like I'm weird and I sit there and people around me, I don't hear a lot of. They're not talking about eight q. Why? Why is that? You know, I think a lot of it has to do with our business model and approach and undergirding values and philosophy. Years ago we got asked to go really big, but it was going to be sort of mass commoditized versions of what we have and you know, there are a lot of assessments out there and I won't mention their names because I don't want to bad mouth them that have become watered down and they're kind of meaningless and, and methods out there and, and things like that.
We wanted to go for the impact, that depth and duration of human impact. So by doing the work we do, the way we do, we're exposed to fewer people. I mean, you know, I was, as you guys know, you know, the first book I was on Oprah three times I think it was, and you know, what, that kind of exposure, you know, there's a lot of people and you know, we had the privilege of hitting all the top media and publications that got a lot of buzz and I've worked all over the world. You know, a lot of the top companies in the world use a cue not just to measure people obviously, but to measurably strengthened people to thrive in your word. I'm into truly thrive in an adversity world. So we haven't, that hasn't been our play to make it sort of the billboard.
But I do agree with you. I think you don't think about even dating sites once. You want to know how that person responds to adversity. Isn't that kind of everything? Yeah. And, and if you were hiring someone, we have a version where you can screen job candidates in about six minutes. We have more and more companies, big ones who are using a queue to screen their job candidates because if they can't flourish or thrive with adversity, what could are they? Right. You know, so you're spot on. I mean, you know, it's an interesting. We have researchers, you know that and one of the pieces of research that stuns me all the time is, and we build on this. We've asked more than 35,000 employers across all industries around the world. This question, if you were hiring someone today, you had to pick a or B and a was the person with the perfect skills and qualifications, but not so great on a cube or be a person with an exceptionally acu who's missing some bits and pieces?
Who would Japan? Well that almost 99, 98 point nine percent of people have employers pick b. So then we say, how are you getting at that? Now? There's no only honestly, there's only one way which is to scientifically assess that by measuring it because if you ask people how good are you with adversity or tell me about a time you faced adversity and how you did it. It's like a first date. They're never gonna show up smelling better, looking better and better than than in that moment. So we want valid measures. So you're right. It's something I think that's the next level and I think the forefront of our research in terms of what's left to prove. I'm going to give you a a statement I say conservatively guys, and that is I think within five years a peak learning my company. I think we will be in the business quite literally of upgrading Human Dna and I, I, we're doing research right now around that with genetic code that and the relationship to adversity that we believe will lead to actually being able to not only predict how people will age and their propensity for cancer and depression and all these other things, but it will also be something we can fortify so that not only does afford a five year life but literally alters the DNA you pass down to your offspring and we're working with the topics Brits in the world to do that.
I love that. That is, that is awesome. And you know the idea that making generations that follow you better off as incredibly stimulating. Now when you do an Iq test on someone, what is the parameters? It's like zero to 100 and if so, wherever the parameters are, what is good? What is bad? What, what do you say? Okay, this is awesome. What are your, what are your numbers? Well, you know, the statisticians almost cry with joy because it's got this big beautiful fat bell curve and all our studies are independent studies. So we never analyze our own data. We always handed off to expert segment attrition's who do the data and tell us what we found. And so it's got this big beautiful bell curve, the range on a queue, and this won't mean a lot until you actually take the Aiccu profile ranges from 40 to 200.
But uh, you know, it's, it's the kind of thing you can't gain because we've put a lot of trip wires in the assessment because of her work with mit and people that smart so that if you try to game it, you get kind of tripped up. So we get really, it's the most valid, robust, reliable assessment of how people respond to adversity in the world. And honestly guys, you talked about resilience. We've been doing this so long that when we started, I literally had to spell the word resilience for our clients because they had never heard the word didn't exist in common conversation. And then it became a thing like 10, 15 years later. Can you believe that? And look at where we are today. That's crazy now. So 40 to $200. So you would advise someone to hire when you talked when you said employee a, employee b.
So when you said they have a high Iq score and above is high in your, in your opinion? Yeah. You know it's all broken down. Statistically there's low a below average, average above average and high. And not just on a cube, but what we call the four core dimensions of a queue which are c is control, which is your perceived ability to influence whatever happens next. Oh, is ownership. Which is like the accountability factor. It's the step up factor and those who score higher, step up more naturally and those who score lower down and our is a huge one because its reach and the people who scored lower tend to catastrophize. You know, when adversity hits, it reaches into everything. But people who score high containment and then he is endurance, which is how long it lasts. We're indoors in your mind, so your core responds to adversity is what we're really measuring with a Q. Wow. That's so cool. I'm fascinated. He's. Yep.
Yeah. Hey, Paul, the Eric. Jeff here. I had a question as far as kind of transitioning from. We're talking about when you're looking at those job candidates, will a lot of our listeners are entrepreneurs and in all of our clients, in fact at the thrive time show are business owners and they already have a team and so in your mind, do you have an action step for all those business owners out there who need to coach up their current team on how to overcome that adversity? Something they can train them up or coach them up on how to better overcome adversity to help the business succeed?
You better. I'm so glad you asked that. You know, there's a couple things. Number one is we're not. It's not about overcoming and it's not about, you know, getting past or surpassing or surmounting or conquering adversity. We have this adversity continuum, you know, and if you can manage it, manage, imagine at the bottom, there's avoiding getting, trying to get away from it. Then surviving the next level. Then coping, which is my least favorite word, is the one most popular in the world of psychology, which is how do you cope with hardship laws? Sacral, you know, all these things. The next level up is managing, which is what they teach in business school, but the top, when we measure a q and a million people, these people do something different. They're like alchemists and so they fundamentally harness the adversity, which means think about this, think about this, being able to tap the adversity and convert it into the fuel.
This high octane fuel that propels you to a place you met. Here's the key part. You never would get to without that adversity. Oh yes. So now it becomes like you Dr Z, you know, the fuel of your life and you're just kinda going, Gosh, you know, I can explain to people how important this is and I can try to talk them and motivate them and all these things. But what we found for business leaders go into your questionnaire is that if we don't measure this as a baseline and then t send some of the acute tools, which I don't, I'm not on the show to promote a book, but in my icu books we teach aikido tools that we've been honed in.
I have been rejected so many times. I hear so many people say, I just don't deal well with rejection and if you've ever watched back to the future.
Lorraine. I just don't deal with that kind of rejection. I mean his upper out there and you are dealing with rejection. That's keeping you that rejection. Is that objection keeping you from that ultimate manifestation of your dreams and goals? You need to buy this book. Paul, what? dr paul stoltz, if you had to recommend one book for our listeners, what's. What's one book you've written when you say, this is the book that I think I most succinctly discussed, the adversity quotient.
You know, really there's two. One is the original adversity quotient book, but of course all the examples and stories in there a bit from the past, right? We're an updated version right now in Chinese, but that doesn't help you. The newest book, Grit is really the one that kind of captures some of the newest stuff that we have. So we have a q and Grit. It's like, you know, all fence in defense, right? A cue is how you respond to whatever comes at you and which is sorta like defense and as a huge effect on everything. Grit. Our version of grit, which is an upgraded version of Grit, we called grid to dot. Oh, and I can explain why is about offense. It's sort of like how do you dig deep and do whatever it takes to effectively go after your most worthy goals and make them happen. And, and so those two pieces, I guess, any coach go into your twins and Vikings who I saw the other day in Los Angeles, by the way, uh, you know, any coach would tell you you need both, right? To win.
I want to ask you this because in your book grit, I'm on your website, you talk about it. You say grit is the defining element and what it takes to realize your most important and rewarding ambitions. If a cue is about defense, again, if acres about defense higher respond to whatever comes your way. Grit is about offense. It defines the degree, the duration and the quality of effort you invest to make good things happen. A Z I want. I want to tee this up. We've been doing this podcast for a long time and first you and I were offered the hell Gig, which means we do the radio show on the weekend hours. It's the weekend show. Yeah, we did. Yeah, we did. And they had to test to test to see is this show good? And then Dr Paul, they said, you know, why don't you guys try like on the way home, like five to seven, which is not a hell Gig.
It's actually a nice time slot. It's a heck of a game. And then it was like, hey, let's go to prime time and now we're number two on the itunes charts for business. And that's just the most recent example. And if you're out there and you're going through adversity, you're going through rejection, I just feel like you have to be able to process adversity as the motivation for offense. Talk to us about how all entrepreneurs, all successful people you've studied have been able to increase the degree, the duration, and the quality of their effort as they become rejected more and more.
You know, I love, love, love working with entrepreneurs and there are among one of the biggest pockets of people we work with around the world. Hundreds of thousands of them actually over the years in every possible business in size you can imagine. And here's the thing, and there's a big wake up call. We had a big wake up call, uh, years ago. I was doing some work with Harvard business school. I still am. And they wanted me to do this book. They were very interested in a book called True Grit. So we do the proposal, get it underway. We're getting going and I'll say, get a phone calls as a poly of bad news. I don't know if you've heard, but they're releasing the movie with Jeff Bridges. I went, oh, and it was the best thing that ever happened, like adversity can be because it made us kind of go back under ground and deepen our research and here's what we discovered.
Grit. Here's the thing. Grit is white hot right now in education, parenting, sports, everything. You know, we're talking to the Chicago cubs and bunch of other teams and they're all, you know, of course everybody talks about grit, right? Here's the problem. Can you have tons of grit and be utterly evil? Kenny be have tons of grit and be a despicable human being. Kenny have tons of grit and be hacking away at the wrong stuff. And they answered all those. Yes. So what we began to do is I've asked this of half a million leaders around the world, so if you had to choose, you know, we think about the kind of person you want to be, the cuddle leader. Do you want to be the kind of contribution you are making the world, the kind of business you want to grow, the kind of people you want to hire, what matters more the quantity or the quality of grit.
And 100 percent, that's an impossible statistic, say quality. And so we have the only measure and method in the world that gets a crit, holistically quantity with quality. Meaning isn't there a difference between Dump Grit and smart grid? We measure that. Isn't there a difference between good grit and bad grit, which is the effect you have on the people around you as you go after your goals. I mean guys, I'm super intense about what I do. I, we're on a mission doing this work in the world. But if I go after it in ways that burnout my team, even though my intentions are good, that's bad grit. So we have a way of measuring and awakening leaders and their people at all levels of down to, you know, a sixth graders, a tooth, not only the quantity of grit, the magnitude of grit, but the kind of grid that you demonstrate as you go after goals.
And that affects the quality and the quantity of effort you put in. And by the way, not just for anything because you know, what I found out is that most people are like cheap sandpaper. You know, it's few went to home depot and he said, give me the grittiest sandpaper you got and you got like a 40 and it had tons of grit and you began to apply that grit if you didn't apply it right, or if you apply to Harvard, then pretty soon it wears off and so a lot of people you meet say I used to have a lot more grit when I was younger, but there's a kind of sandpaper and I found this out through a beautiful story that I encountered from a top craftsmen that if it's applied right, gets better with use. And so I always thought, you know, which kind of sandpaper would you rather be? So if we use our grid in the right ways for the right and most worthy goals, it just gets better and stronger our entire life long and that makes us make the kind of contributions we want to make in the world. That's what it's all about.
you know, an obsessively practical nerd if, if you can't use it, what's the point? Got it. And so I broke it into three g's grok, gauge and grow, because grok is a word I love. It comes from an old science fiction novel that means to understand something like at the cellular level so you understand or comprehend it fully. And so the attempt in the book is to help you understand grit across all the dimensions, growth, resilience, instinct and tenacity, and also an additional factor we call robustness as well as the quality of grit very simply so we lay it out simply so you can grok, grok is all about. And then gauge. We actually give you a private code in the book to access the instrument that's used all over the world by companies from amazon to deloitte to everybody. That is the grit gauge and so you get a link to go and measure your grill so you gauge it, get to see what does mine look like and what are all the results of click with some video coaching and everything else and some chips to begin to grow it. Which is the third part where we teach some of the tools that we use in the programs. We do with companies and for entrepreneurs, companies around the world, uh, to help measurably improve your grit. So just grok gauging, grow.
Now I want to ask you this because I know that you lived in Minnesota during a time. I was born in 1980, so in 1987. I remember the Minnesota twins, uh, went to the world series and the twin cities. We're caught up in this hysteria. We had the homer hankies. We went from worst to first. We did, we did really well that year. And I would like for you to share with listeners out there, uh, were you involved? Did You go to the games and the, in the 1987 Minnesota twins world series, did you show up? Do you measure the aiccu of all the players? Talk to me about the team that overcame massive, massive adversity to get to the world series. I'd love to hear you share with share with the listeners about that.
Well, you know, there's a bigger story here, isn't there guys? And that is, if you look at any sports team that has, I mean, baseball's ultimate grid, isn't it? Because it's not 16 games, it's a hundred and 62 games before you even hit the playoffs and that doesn't include preseason. Right? So how do you stay focused and on your game and honed and sharpened fit for for that duration. That's all about grits. So we. I was doing this research at the university of Minnesota at that time. I did have the privilege of us attending game seven. No you didn't. I did win. The metrodome just exploded and you get, you know what that at the moment is this. People talk about happiness. I think the highest goal is to achieve this deep sense of what we call gratification, which means you've gone after like the twins did or any sports team, something nearly impossible but so awesome and so elevating not just Cuba to those around you and dig deep, do what it takes, just reroute all the way along and somehow make it happen. And that's what the twins did that day and that year and any great sports team, any great business integrated human being who creates the real breakthroughs that improve human life. That's what they do.
outlets kind of. You'd ask. Certainly you can Go to peak learning.com. P e a k leaRning.com. That's our main site and we're going through a big upgrade on that because we're relentlessly trying to improve our sort of mantra at peak is ever better. So we hold ourselves to that everyday and say, you know, what are we doing to be better today? And so we're working on that. Second of all, uh, Info at [inaudible] dot com that way my team is sure to get me your message and I really do want to invite anybody who's listening to this. You're brInging your questions, your skepticism and your concerns, your applications, anything you've got your thoughts, your suggestions. I welcome all of it. Uh, you know, this is a lifelong conversation for me and I just am privileged to interact with you and share my life's work with you.
This is a bonus question because you're from Minnesota, you've grown up around Minnesota and this is the, this is kind of like an off the record but still in the podcast question. Okay, that's fair. I'm going to speak minnesotan here. there we go. Oh, dr paul stoltz, don't you know what, what is your favorite hot dish? I mean, if you are new, uh, describe, uh, your favorite hot dish or version of rhubarb, what would it be? Hey, you know, I ha. I just, a couple of weeks aGo, I went there to that high school reunion thing, you know, and so people came up to me and some of them had that accent and he came up and they said, hey, hey, hey there, Dr. Paul, how you doing? I mean, I was in your class, I don't know if you remember me and everything, but uh, we went to that smorgasbord thing together.
I don't know if you remember who was it? northern played a bit of ice hockey and all right. And, uh, and I think he scored a goal once and so if anybody who is there for that day, I actually scored a goal, uh, you know, it's a lifelong friend to me because I was not worthy of my high school hockey. We celebrate that goal with you celebrate that. A lot of adversity. Stoltz, I appreciate you. You're a great american. We'd like to end every show with three to one and a boom at whIch stands for big, overwhelming, optimistic momentum which you, which is what it takes to overcome adversity and to become a successful entrepreneur. dr paul stoltz, are you ready to give her boom on the three, two, one? Are you ready to bring the boom? Let's do it. Here we go. Are you ready? Absolutely. Tough. Are you ready? Let's do. Nothing's right. Boom.
All right. The three is this. You got to be able to know you're a queue and you to be able to know your grit, you gotta be able to use them together. It's changed people's lives. Number two, the two is this, that when you take figure out what's your biggest, most important adversity, that if you conquered it, would number two lead to the biggest positive breakthrough in your life. And number three, the moment you end this podcast, ask yourself to pay keen attention. Put on that lens of how do I handle every adversity from the smallest frustration to the biggest tragedy and setback. If you start to change that, you will change your life. You will change the world.
Dr. Paul, have a great evening. I appreciate you so much for being on the sheer awesome. Thank you man. Hey you guys. Thank you. It's been a real privilege. Keep. Keep being awesome. Take care. All right. Thanks guys. Take care.


Present:K. Sandhya Rani,l. Po. S.
The Government of Andhra Pradesh have decided to conduct 6th round of "Janmabhoomi lrAaa Vooru" programme from 2nd January, 20'19 to 1 1th January,2019. The focus shatt be on Vittage / Ward Devetopment essentiatty focusing ten important themes inctuding Education.
The Mid Day Mea[ is scheduted on 04.0'l .2019. Hence, there is a need to hightight the efforts of the Government in improving the Mid-Day Mea[ Scheme. Therefore, it is proposed to print and distribute a pamphtet on Mid-Day MeatScheme containing the achievements/ devetopments of the Mid Day Mea[ Scheme.
Therefore, while enctosing a model pamphlet att the Distsrict Educational Officers irr the State aie requested to get the pamphtet printed in required number and distribute to att the participants during Gram Sabha under Janmabhoomi programme on 04.01 .2019 without fait.
This has got the approval of the Commissioner of school education.


Bella has lived a rather boring life, but that all quickly changes. A new position in school forces her to take charge. A new boyfriend (her first), Jeremiah, hands her a confidence she has never known before. A new role in her church's Fall Production makes her a leader. But that all gets destroyed when an attack by her father's enemy turns her into the center of attention. Bella believes things couldn't get worse, but they do. Can she survive the road of destruction and emerge stronger? Or has all that she gained been destroyed forever?
Bella pulled a couple of books out of her locker. What was her first class again? She hadn't gotten much sleep the night before. The nightmare had returned. Why had it started up again? She hadn't dreamt of that day months. It had to be the stress. Yesterday the tutoring requests had begun to come in, more than she could have anticipated for the first day of school. There was so much organization required. She had meant to come in early and do some work on it, but she was so tired. And her parents hadn't helped. All they talked about was how it would look on college applications. Graduation was still two long years away. College wasn't even a top priority at the moment. Surviving her junior year was the most important thing. Her brain was clogged like a hair-filled pipe. Not even Drano could unclog this mess.
"Look what the cat dragged in." Heather jeered and paused behind Bella. Heather's tag-alongs took up a spot on either side of Bella. The three girls effectively cornered Bella against her locker.
Bella peered at Missy Watkins, a prickly blonde witch who was also on the cheerleading squad, and then turned back to her books. Yes, she had agreed to deal with their insults, but it would be on her time.
"You're right about the clothes. And she does smell a little like mothballs." Heather waved a hand in front of her face as if she were attempting to fan fumes away.
"I bet it's the clothes that smell. They're probably hand-me-downs from her grandmother." Cassie Shows giggled; she was an uptight redhead, a third wheel in their little group and the only one not a cheerleader. She just had money. They had been tethered together from the moment the three of them met.
They normally poked fun at her clothes, so this wasn't unusual behavior. She hadn't worn anything different today than she had the day before. A dark denim skirt, a short-sleeve turquoise button-up trimmed with lace, and brown flats. Like always her hair was braided and hung down her back. Bella dug around in her locker. What was she looking for?
"You know, with all these rags, I'm really curious what your brother sees in her." Missy crossed her arms and popped a hip out.
"Don't even try it, Heather. You're nothing but tainted sludge. I suggest you get used to the gutter. It's where you belong." Bella shoved the three girls aside as if they were annoying flies. She hadn't even noticed that a small crowd of students had gathered nearby, who clapped as she broke through. Her cheeks flushed with heat. With another deep breath, she made her way through the assembled students. Several patted her on the shoulder and others offered congratulations. An arm hooked into hers and she jumped. Alex, it was just Alex. A breath escaped her lips and her temperature started to come down.
At the age of 16, Krys Fenner fell in love with Psychology and Creative Writing. At that time she wrote her first short story dealing with sexual abuse and forgiveness. Psychological issues in her family filled her with the desire to help others using her own experiences. So in 2004, she earned an Associate of Arts in Psychology. And while her sister is the one with dreams of becoming a Psychologist, Krys Fenner returned to Creative Writing. She is currently working on a Bachelor of Arts and plans to continue on to a Masters degree, where she can major in her first love (Creative Writing) and minor in her second (Psychology).
3 Grand Prize Giveaways: Each includes books from other authors, signed copy of Destroyed, plus swag.


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A Fei Zheng Chuan (阿飛正傳, Āfēi zhèngzhuàn em mandarim; ) é um filme honconguês, dirigido e escrito por Wong Kar-Wai e lançado em 1988.

Primeiro longa-metragem do cineasta, é estrelado por Andy Lau, Maggie Cheung e Jacky Cheung e inspirado em "Mean Streets", de Martin Scorsese.

Foi premiado no Festival de Cinema de Hong Kong de 1989 nas categorias Melhor ator coadjuvante (Jackie Cheung Hok-yau) e Direção de Arte.

Sinopse

O longa conta a história Ah Wah (Andy Lau), líder de gangue de rua que se apaixona pela prima Ngor (Maggie Cheung), presente em Hong Kong para cuidar da saúde.

Referências

Ligações externas

Filmes dirigidos por Wong Kar-wai
Filmes de Hong Kong de 1988
Filmes de Hong Kong
Filmes em língua cantonesa

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text:
Stamp duty holiday 'fails to help first-timers'
By Daily Mail Reporter
Updated: 06:40 EST, 20 November 2009
The stamp duty holiday for first-time buyers has been a 'failure' and has helped less than a quarter of those it was predicted to benefit, a report claims.
First-time buyers: Failing to benefit from the stamp duty holiday
Around 400,000 young people were meant to be helped by the decision to temporarily raise the stamp duty threshold from £125,000 to £175,000.
But research by property website Zoopla, claims just 115,500 have managed to avoid a massive tax bill when buying their first home - less than a quarter of the number predicted by the government.
Between 2 September 2008 (when the holiday took effect) and 1 September 2009, the tax relief saved home buyers only £172m compared with the £600m forecast by the government.
The research showed property buyers in London have benefited least from the stamp duty holiday, where house prices, at £374,000, are most than double the national average.
Only 13% of transactions in the capital were within the threshold, and therefore eligible for the tax relief - saving buyers just £9.4m.
Nick Leeming, commercial director at Zoopla.co.uk, said: 'The stamp duty holiday has so far failed to reinvigorate the housing market in the way that the government predicted, with limited relief for first-time buyers particularly in the South East.
'With the government's plummeting stamp duty revenues, the golden goose of stamp duty now seems somewhat of a dead duck.
'Rather than ending the stamp duty holiday, the government should seriously consider extending it by making first time buyers permanently exempt and by giving others the ability to defer payment for up to say five years.'
The Royal Institution of Chartered Surveyors also warned this week that the end of the holiday will hit the housing market in regions already failing to benefit from the recovery.
The industry body said it could have a 'detrimental effect' on the recovery in areas that were lagging behind the rest of the country.
It said surveyors in the West Midlands, East Midlands, Wales and Scotland were all expecting there to be a drop in activity in the market the tax returns to properties over £125,000 at the end of the year.
The average property price in these regions falls between the £125,000 and £175,000 threshold.
But Rics warned that many of these regions were already failing to benefit from the recovery, with more surveyors in Wales and the East Midlands still reporting house price falls than those who were seeing rises.
Simon Rubinsohn, chief economist, said: 'At the time of its introduction, we did question how great an impact this policy would have and judging by the fact that only surveyors in certain parts of the country are particularly concerned about the ending of the holiday, it could be said that some areas of the UK hardly even noticed the change.
'However, the additional transaction cost is still a worry to many, particularly first-time buyers, and is a threat to the market in the areas of the country that are still seeing a weak price environment.'
The group called on the Government to use the end of the stamp duty holiday as an opportunity to introduce a 'wholesale restructuring' of the tax.
It would like to see the current 'slab' system abolished and a new system introduced under which the higher rates are only charged on the proportion of a property's price that is over the various thresholds. It is also calling for the tax not to be charged on the first £150,000 of a property's price, regardless of the home's value.
STAMP DUTY HOLIDAY BENEFICIARIES BY REGION
Average property value (Nov 09)*
% of sales benefiting from stamp duty holiday
*Source: Zoopla.co.uk
South West £209,332 30.7%
East of England £218,616 28.9%
West Midlands £169,140 27.0%
East Midlands £156,525 26.4%
Wales £149,413 24.8%
Yorkshire and The Humber £139,888 24.5%
South East £258,647 24.4%
North West £152,356 23.5%
North East £153,834 21.4%
Scotland £157,070 19.6%
London £374,284 12.8%
Stamp duty holiday 'fails to help first-timer buyers'
THIS IS MONEY PODCAST
Is this the end of current accounts with benefits?
PROPERTY: DON'T MISS
Would you buy (or sell) a property at auction? Grace Gausden joined a room full of prospective bidders for the latest Savills property auction - and all the theatre that entails.
Buying a home instead of renting could leave you £352,500 better off over 30 years - even if house prices never rise A new report found that that making monthly mortgage payments could yield £133,700 in savings over 30 years.
Stamp duty calculator: How much tax would you have to pay to buy a home? Work out how much stamp duty you will have to hand over for a new home with our calculator.
First-time buyers at highest levels since just before the financial crisis as average mortgage grows to 80% of home value First-time buyers were handed out some 35,010 mortgages in August.
Mortgaged to the grave: Homebuyers are borrowing into their 70s as more lenders stretch mortgage terms to 40 years Demand for longer-term deals has grown substantially since the financial crisis.
SIMON LAMBERT:It's time stamp duty was cut As with many of former Chancellor George Osborne's plans, the stamp duty shake-up five years ago was half way to a good idea, unfortunately the other half reveals how bad a tax it is.
Nine out of 10 leaseholders weren't given clear legal advice when they bought Thousands of conveyancing solicitors may have breached their duty of care to their clients.
Cambridge, Oxford... and Leicester: Where London's first-time buyers go in search of more affordable homes First-time buyers are escaping the costly capital.
Mortgage warning for homeowners as cheapest ever two-year deals come to an end Some 850,000 homeowners will see fixed rate deals end in the next six months.
Fix forever: First ever retirement interest-only mortgage that's locked in for life is launched A specialist lender has launched the first ever 'fixed for life' retirement interest-only mortgage.
Buy a home 1% at a time: Plans to make building a shared ownership stake easier revealed Housing secretary Robert Jenrick has announced proposals to tweak the system.
More first-time buyers are skipping flats to leapfrog up the property ladder by buying smaller family houses Analysis from Zoopla found that two thirds of those looking to buy their first homes are seeking houses rather than flats.
Homes put up for sale slump to three-year low as 'endless wrangling' over Brexit triggers stand-off between buyers and sellers The number of properties on estate agents' books remains close to a record low.
Latest: Mortgages
Home sellers backing a Boris bounce raise asking prices by £6,785 in the biggest ever New Year rise, but experts warn against over-pricing
Sainsbury's Bank urged to move borrowers to a regulated lender after pulling out of mortgage market
Housing market enjoying 'lift in sentiment' since Boris Johnson election win, respected property survey reveals
How these bonus-friendly mortgage lenders could let you borrow 10% more to secure your dream home
House prices rise at fastest pace for over a year as the market shrugs off Brexit fears and looks ahead to a 'Boris bounce'
What next for mortgage rates? 10-year fixed rates drop to near parity with two-year fixes as price war continues
Lenders slash rates on five-year mortgages to below 1.5% as popularity of longer term deals soars
Can you get planning permission AFTER you've built? As 40,000 retrospective filings are made in two years, we explain the rules - and why you can't hide a home in a haystack
How much does a home cost near you? We reveal average prices around the country and how to work out what yours is worth
True mortgage cost (rates AND fees)
House prices: Negative equity
Mortgage monthly interest
Interest rate rise/fall impact
How much tax would you have to pay on a home or buy-to-let?
Is this a buy-to-let or second home? (Higher rates apply)
Are you a first-time buyer?
*Transactions under £40,000 do not require a tax return to be filed with HMRC and are not subject to the higher rates
Stamp duty charge
Check the rates you could apply for
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Cover from as little as £5 a month
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redpajama_set_name: RedPajamaCommonCrawl


text:
Will Amazon bring Kindle to the iPhone?
By Jason Snell, Macworld FEB 6, 2009 6:48 am PST
Somewhat obscured in the hubbub about Google announcing Thursday a mobile version of its public-domain book library was a separate announcement that may be much bigger: an Amazon spokeman told the New York Times that the company is working on a way to make books formatted for its Kindle e-book reader available "on a range on mobile phones."
The Stanza e-reader on the iPhone.
Perhaps Amazon will let slip more details about this concept at the company's media event Monday in New York, in which it's expected to announce the second-generation of its Kindle hardware. It's certainly an exciting prospect for those of us who have imagined Kindle books appearing on the iPhone. Although the Kindle's e-ink screen undoubtedly makes for a more comfortable reading experience, the iPhone has some advantages of its own—including the fact that millions of people already own one.
"Some people have room for dedicated devices like Kindles, digital cameras, and iPods," analyst and Mobile Devices Today blogger Michael Gartenberg told me today. "But for others, there's an absolute convenience factor just associated with carrying one device instead of a multitude."
Gartenberg's take—and one I agree with—is that while reading a book on an iPhone might not be the absolute best experience, it "crosses the threshold of 'Good Enough.'" And it's better than Kindle in some ways, including the ability to use it one-handed and in cramped conditions. Plus, it fits in your pocket.
This move is also a great sign that Amazon sees its Kindle hardware not as the end-all, be-all of e-books, but as part of a larger ecosystem that includes Kindle-compatible book readers on other devices. "It's a smart move on Amazon's part," Gartenberg said. "They absolutely should look at devices like the iPhone and the G1 as complimentary to the stuff they're doing with the dedicated Kindle."
As Gartenberg points out, the $359 Kindle reader may be great for heavy travelers, since you can load a huge number of books into a single, small device, but it doesn't necessarily make sense for a broad audience. Adding mobile phones to the party can broaden the appeal of the entire e-book category. (As someone who has spent this week toting around a hardcover novel that weighs nearly as much as my laptop, I can see the benefits.)
Certainly the book-reading experience on the iPhone is better than what one might expect. As Ars Technica's John Siracusa pointed out this week in his excellent e-book analysis, the App store has provided us with an excellent public-domain book reader, Classics ( ), as well as two good, flexible e-book readers in eReader and Stanza.
But although eReader and Stanza do offer some books for purchase, they don't have the catalog or the clout of Amazon. If Amazon does a mobile version of Kindle right—and here's hoping an iPhone app version is the first out of the gate—it could be a huge step toward changing the way many of us read books.


Dr. Keegan has more than 30 years of experience in life science businesses. Most recently as CEO at ForteBio, Inc. he led the Series C financing which raised $25M, established product development and sales strategies that resulted in 2007-11 compounded annual revenue growth of 45% to $27M. During his 9 year tenure as CEO at Molecular Devices Corporation, he grew the company's revenues from $30M to $185M through internal growth and acquisitions. In early 2007, he oversaw its acquisition by MDS Corporation for $615M. He currently serves on the Board of Directors of Arrayjet LTD, Bio-Techne (NASDAQ:TECH), Halo Labs, Interpace Diagnostics (NASDAQ:IDXG), Labcyte as Chairman and Nanomedical Diagnostics as Executive Chairman. Dr. Keegan holds a B.A. in Chemistry from Boston University and a Ph.D. in Physical Chemistry from Stanford University.
Mr. Ball has a long and proven record for bringing life science products to market and capitalizing on existing product potential. Most recently he was Chief Commercial Officer at Accuri Cytometers where he developed a novel commercialization model that was highly capital efficient. He and the management team sold the company to Becton Dickinson for $205M in March 2011. Prior to Accuri Cytometers, he was CEO of Amnis Corporation, a venture backed technology start-up developing and selling high-end imaging flow cytometers. He has also served as Chief Commercial Officer for Molecular Probes, Inc., the world leader in reagents for cell analysis, including flow cytometry consumables. Prior to that he was with Orchid Biosciences as Sr. VP and General Manager and with Amersham Pharmacia Biotech Inc., where he rose to President, Region North America and was responsible for sales, marketing, and customer support for all products sold in North America.
John Lillig has over 40 years' experience in the management & guidance of clinical diagnostics & life science businesses and operations. As well as serving as a Director on Carterra's Board of Directors, he is currently the Executive Chairman of DYNEX Technologies and Agena Bioscience, serves on the Board of Directors of MANTA Instruments and COMPAS Software, and is CEO of IRORI Technologies. Before Agena, John served as Senior VP and Managing Director of the Brooks Life Science Systems Division of Brooks Automation. Prior to Brooks, John was the Founder, Chairman, President, CEO of Nexus Biosystems. Before founding Nexus, John served as CTO for Discovery Partners International (DPI) and VP/GM of DPI's Systems Division. Prior to DPI he served as Division Manager of the Analytical Systems Division of Bio-Rad Laboratories. Earlier in his career, John held several key management positions during his 19 years at Beckman Instruments' Clinical Diagnostics & Life Science operations. John has 15 patents and received his B.S. in engineering from California Polytechnic University.
Alex is a Partner of the Telegraph Hill Partners (THP) venture capital firm. Prior to joining THP, Alex worked in Business Development in the Oncology/Multiple Sclerosis Group at Genzyme Corporation. At Genzyme, he structured licensing and M&A transactions in the biotechnology and pharmaceuticals space. He has also worked as a Portfolio Manager at BlueMountain Capital Management and as an Analyst in Investment Banking at Bank of America Securities. Alex represents THP on the boards of Argonaut, Carterra and Dynex. He is a board observer at Agena Bioscience. Alex holds an MBA with honors from Northwestern University's Kellogg School of Management and a Bachelor of Science in Economics from Duke University.


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The Insolvency and Bankruptcy Code Is a Regulation That Has Made a Difference
Tarun Bhatia TarunBhatia
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In January 2019, India's Insolvency & Bankruptcy Code (IBC) completed two years of having been introduced. During this time, it has made an impact like no other regulation or policy. Though only in its infancy, IBC is proving to be more than just another acronym in a series of past failures by Indian regulators to create a viable restructuring mechanism in the country. Since inception, over 1,500 companies have been admitted into the resolution process by end December 2018 and over 1,000 companies have been referred to the National Company Law Tribunal (NCLT). While, initially, there were some concerns that the IBC would lack the necessary ammunition, it has proved the sceptics wrong and has been very much a positive for the Indian market. In fact, for the first time, promoters in corporate India are vulnerable and run the risk of losing control over their companies. Further, IBC has created space for a new category of investment -- distressed assets. Post IBC, opportunities for investors and acquirers to take over quality assets at attractive valuations have significantly increased. And, in 2018, it was a major contributor to the overall M&A in India.
The success of IBC can be attributed to some key factors. Firstly and, unlike previously, the IBC has had unanimous support from various stakeholders such as the government, the regulators and the judiciary. Secondly, IBC was able to demonstrate some quick wins highlighting its efficacy and efficiency. Thanks to the Reserve Bank of India (RBI), initial resolutions have been focused on large corporate names, which have generated strong global and domestic interest from investors. While only three of the so called 'dirty dozen' has been resolved so far, one cannot question the government's commitment to the process. So far, the results have largely been positive and could ultimately bring significant change to the culture between borrowers and banks in India. It's indeed a step in the right direction. However, IBC still has a long way to go.
Over the past two years, banks and other creditors are increasingly opting for the IBC route to recover stressed loans. The number of cases admitted has been consistent across months suggesting this was not a onetime assertion. The judicial support toward IBC has also been welcoming. Now there are 12 dedicated NCLT benches for matters related to IBC and more are being introduced. In addition, a new category of professionals, Resolution Professionals (RPs), have been introduced, who are expected to run operations of the company while undergoing the insolvency process under IBC. These RPs also need to be licensed with IBBI, the regulatory for insolvency & bankruptcy.
However, the IBC has had its own sets of challenges, especially with respect to the speed of resolution. Of the 1,484 companies admitted under the NCLT, only 79 have achieved closure through resolution and another 302 through liquidation. There is a large pool of companies, which are still seeking resolution. The IBC had also introduced a time-bound approach, with the resolution process to be completed in 180 days, with a grace period of 90 days (total of 270 days). Despite the good intent of the code and introduction of multiple NCLT benches, almost 25 per cent of companies admitted have crossed the 270-day limit, while another 15 per cent companies are between the 181st and 270th day. And, one had expected many cases to be dragged into litigation, especially with promoters losing control, same cases have gone into litigation multiple times and the resolution time for the same has been slow. One expects the current process to gather speed, especially when case laws get built with each incremental resolution and courts gain experience to rely on, while giving judgements. The silver lining though is that the estimated recovery on the resolved cases has been around 50 per cent.
Traditionally, the framework and instruments available for resolution of stressed companies focused inwards with lenders and the company trying to find a solution, which generally meant further extension of loans under new terms and condition. At times, there was equity infusion either by the promoters or a strategic partner but largely the control remained with the original promoters. IBC has hit this very premise, due to which, the concept of insolvency and bankruptcy never really kicked off. Under IBC, the promoters are consciously kept out and not permitted to participate unless they can pay off in full within a pre-specified time. The famous section 29A, which has seen few amendments, restricts the promoters and any related party from participating in the insolvency process. This also provides opportunity for investors to participate without the risk of promoter interference.
Even for investors, introduction of IBC means that the risk of investing in these distressed assets is not much different than those in any other M&A deal. Also, many of the large distressed companies on the block have good underlying assets. The reason they are in distress was that the company or asset may have been over-leveraged, anticipating a demand-supply cycle that didn't materialise. It is not that the asset itself is necessarily 'bad' but rather that certain unfortunate circumstances led the asset into turbulent waters. In such cases, the right investor with the right resources may be able to buy the asset and turn around operations. In 2017 and 2018, distressed M&A values in India have totaled close to $15 billion, a noticeable 12 per cent of total M&A value including some large transactions like Bhushan Steel ($7.4 billion), Reliance Communications ($3.7 billion) and Fortis Healthcare ($1.2 billion). Almost two-thirds of this volume (close to $10bn) has been closed in 2018 alone. Expectations are strong that distressed M&A will be an ongoing theme in the country and will increase as more companies are admitted under the IBC and make their way through the NCLT process.
IBC has brought a culture change in corporate India, but it is a journey which has only just started. Going forward, we see some risks which can impact the efficacy of IBC. Most important is the intent and the commitment of the government to support IBC. The ruling government, due to the majority it enjoys at the center, has been able to introduce certain critical reforms including IBC. India is going through the general elections now and it is important that no matter which party forms the government, it needs to rigorously back IBC. Secondly, the resolution times needs to start coming down. When IBC was introduced, what excited both creditors and prospective investors was the 270-day window for resolution. The initial cases, as expected, are taking much longer than 270 days though still faster than anything in the past. However, increasingly, the success of IBC will rely heavily on ability to achieve closure within stipulated timelines. Otherwise, investors, especially global investors will start losing interest. Lastly, IBC introduced the concept of resolution professionals to bring independence and efficiency. While over 2,000 RPs have registered with IBBI, most of them don't bring restructuring or insolvency experience. Further, there exist risks of conflict of interests, which are not being taken as seriously at present. A few bad episodes can have a material negative impact on the process and can result in draconian rules.
This article was originally published on Business India.
The Insolvency and Bankruptcy Code Is a Regulation That Has Made a Difference 2019-05-10T00:00:00.0000000 /en/insights/publications/apac/insolvency-bankruptcy-code-business-india /-/media/kroll/images/publications/featured-images/2019/the-insolvency-and-bankruptcy-code.ashx publication {FA160003-1439-4BA0-B4E5-A87ABCC5A2F4} {BDE8E19A-D164-4CEE-96EC-08DB92D4AB55}
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Q: Should I upload perl 'xt' tests to CPAN? Some time ago the new thing appeared in the Perl world. The thing is to create
xt directory in the module source code and to place there tests that should
be run only by author. The idea of xt tests is that they are not run when
the module is installed from CPAN.
I was thinking that if the tests are not needed for the installation process
there is no need to upload that tests to CPAN. My idea was to have these tests
in my VSC, but not to put them in the tar.gz file this is uploaded to CPAN.
But now there are a lot of CPAN modules that have xt directory in it. I have
a local CPAN copy and I searched for such modules:
$ find -iname "*.tar*" -exec tar tf {} \; | grep "/xt/" &> modules_with_xt_dir
$ cat modules_with_xt_dir |sort --random-sort|uniq|head
CatalystX-Dispatcher-AsGraph-0.01/xt/03_pod.t
Religion-Bible-Reference-0.014/xt/release/perl-critic.t
DBIx-Custom-0.1674/xt/dbix-connector.t
Geo-Distance-XS-0.09/xt/
FBP-Perl-0.21/xt/pod.t
Getopt-Compact-WithCmd-0.14/xt/01_podspell.t
Dist-Zilla-Plugin-CheckExtraTests-0.004/xt/release/pod-coverage.t
MooseX-GlobRef-0.07/xt/pod_spellrc
Web-Request-0.09/xt/release/pod-syntax.t
Amon2-2.52/eg/Hello/xt/perlcriticrc

My question is about best pactices. What is best? To upload xt tests to
CPAN, or not to upload? What are the advantages of the decision?

A: I'd say that the best practice is to upload.
The benefit is that it lets people hack and patch your code and still be able to run the full test suite. Helps with people writing patches - and hurts nobody.

redpajama_set_name: RedPajamaStackExchange


text:
How do I stop it from happening?
How does Colorado rank for adult mental health?
by: DJ Summers
DENVER (KDVR) — The Centennial State has improved from having the country's most mentally unsound adults, according to a new study by Mental Health America, though it is still lower than average.
The nonprofit releases yearly rankings on mental health. Researchers rate the prevalence of mental illness and access to care for both youth and adults.
Colorado ranked 51st among U.S. states and the District of Columbia for adult mental health in 2021 but 45th in 2022. For overall mental health, Colorado ranked 30th in 2022.
Colorado had one of the highest shares of adults with a mental illness. According to the report, 23.5% of the state's adults have some kind of mental illness, roughly one in four. That percentage improved slightly in 2022 to 23.16%.
New dashboard: Most Denver police shootings involve armed people
States in the western U.S. have higher suicide rates, and Colorado is no exception. About 6.01% of Colorado adults report having had serious thoughts of suicide, the 11th-highest rate in the U.S. among states
Colorado also has one of the nation's most pronounced substance abuse issues. About 11.75% of Colorado adults had a substance abuse disorder in 2021, the highest rate among states. That grew to 17.25% in 2022, but so did the rate in other states. Colorado is now ranked 13th for substance abuse among adults.
On the brighter side, Colorado's mental healthcare access is not at the bottom of the list. Colorado ranked 38th for the presence of untreated adults with mental illnesses and 29th for the number of adults with mental illnesses who are uninsured.
Weather Headlines / 34 mins ago


Abstract: InterBase is, in general, a very stable database server and corruption is rare. When corruption does occur, then, it is important to determine the cause of the corruption. This article describes circumstances that can cause corruption.
InterBase is, in general, a very stable database server and corruption is rare. When corruption does occur, then, it is important to determine the cause of the corruption, because it indicates that something is wrong with the installation and it is important to fix it. Database corruption should not be a routine occurance, even if a customer neglects to maintain the DB.
It is a good idea to run Database Validation or command-line gfix from time to time so that if corruption does occur it can be caught early, before the damage to database is too severe to repair.
As an aid to diagnosing source of the problem, the table below lists known causes of InterBase database corruption, along with suggestions for how to avoid each type of corruption in the future. To repair a corrupt database, use command-line gfix with the -mend switch, or Database Validation in IBConsole. If that fails, restore from a recent backup or post a question to the borland.public.interbase.general newsgroup.
Changing metadata while database in use All? This one is a rumor. I've never seen a reproduceable test case of this. IB should handle this without a problem. But more than one person has claimed this was a problem, and there's no reason to do this on a routine basis, so I'm including it in the list.
Connecting to DB during restore All? This is simply a special case of "Changing metadata while database in use," above. IB doesn't seem to prevent you from connecting to a DB during a restore. You should ensure that nobody can connect to the DB until the restore is complete.
Connection strings mismatched Fixed in 6? A connection string consists of two parts: a server name and a filename with path. The server name is optional -- it can be omitted for a local connection. The filename portion must be identical for all clients. On most OSs, it is possible to use two different strings to express the same filename/path. For example, on Windows C:\DIRNAME\FILENAME.GDB and C:DIRNAME\FILENAME.GDB are the same (note the missing backslash in the second). On unix(es) you can have a hard link to a file. It is very important that all clients connect to the same database using the same connect string. Otherwise InterBase server may think it is connecting each client to different databases and may try to update the "databases" in conflicting ways. This may be fixed in IB 6 but should always be avoided.
Copying the database file(s) while in use All There are really two separate issues here. If you copy the database file(s) while the server is active, there is a very good chance that the copies produced may be corrupt, especially if forced writes is off. You should use gbak or IBConsole backup and restore to produce a non-corrupt copy of the database while it is in use. Please note that a DB file can be "in use" even if no users are connected to it, as long as the server is active (the server could be doing a sweep, for example). A second issue is that some backup software attempts to get an exclusive lock on files it is backing up. If it gets an exclusive lock on the InterBase database, it can cause the InterBase server to be unable to perform important operations. If forced writes are off, it can actually cause corruption of the source file, as well as the copy! Again, only InterBase gbak or IBConsole's backup (or any other program which uses the InterBase services API to perform the backup) should be used to backup an InterBase database. You can use your regular backup software to backup the completed GBK, if you want.
Database files too large in IB 5 or earlier. Through version 5 If a single database file (not to be confused with the size of the database in total) exceeds 4 GB on Windows or 2 GB on unix, the database will be corrupted. IB 6.0.1.6 and 6.0.2.0 display an error message instead of corrupting the database, and IB 6.5 and later allow the use of larger files without errors or corruption. For IB 5.6 and earlier, add files to the database using ALTER DATABASE ADD FILE... when any single file in the DB begins to grow close to these limits. Guard against this carefully; damage from this bug can be difficult to impossible to fix.
Deleting the current row in an UPDATE trigger Fixed in 7.1 There is no good reason to do this. It's an error. But if the trigger calls a procedure which updates the table, which calls a procedure, which deletes the row.... Mistakes happen. If any combination of events causes the current row to be deleted within the context of an UPDATE trigger on that table, the table's data will be corrupted. Gfix cannot repair this damage.
Forced writes OFF All This is not a cause of corruption per se, but rather a failure to protect against other causes of corruption. With forced writes ON, InterBase will always try to keep the database on disk in a stable state. With forced writes OFF, InterBase will cache writes and write to disk in storage (rather than stability) order, improving performance, but increasing the risk of corruption. Turn forced writes ON unless you have a lot of confidence in the stability of your hardware, your OS, and your InterBase use.
Hardware glitches All If the disk drive holding the database dies, the DB dies with it. The best defense against this is to use a RAID array to hold the DB -- not only do you get protection from hardware failure with zero downtime, but you get a nice speed boost as well. Of course, you should still backup the DB regularly. If server power is interrupted, the effects are more or less the same as a server crash (see below). Use of an uninterruptable power supply is strongly recommended; this allows the server to be shut down gracefully in the event of a power failure. Faulty memory could result in IB writing bad data to the DB, in rare cases.
Mismatched client and server versions All This doesn't cause corruption directly, but it can crash the server, which can cause corruption (see "Server Crashes" below). In particular, the combination of IB 6+ client, IB 5.6 server, and version 5.2 of the BDE driver for InterBase (sqlint32.dll) will crash the IB server when a query uses a date parameter.
Server crashes All If the server crashes while writing to disk, the DB can be corrupted. If forced writes are turned off and the server crashes before all changes have been written to disk the DB will probably be corrupted. If the InterBase server crashes, the InterBase Guardian will immediately restart it, so you may not even notice the crash. Check the interbase.log file to determine if the server has crashed. Turning on forced writes significantly reduces the chances that a server crash will corrupt a database.
Too many generators in IB 5 or earlier. Through version 5, mostly, but to a lesser extent all versions If using version 5 or earlier, do not create more than around 248 generators per KB of DB page size. If you need to create more generators, increase the DB page size first. Most of what causes this bug is fixed in 6.0.1.6 and later, but it can surface even in versions 6.0.1.6-7 if you use ISQL (instead of IBConsole or a client application) to create the generators, and the limit in this case is about 115 generators per KB of DB page size. To be on the safe side, expand the DB page size when you need a large number of generators. The symptom of this type of corruption is that one or more generators will return wildly incorrect values, but the corruption can affect other parts of the DB, as well.
Too many transactions. All You must backup and restore the database before the "next transaction" statistic from the gstat -h or database statistics in IBConsole reaches a certain critical number, just over 131000000 transactions per KB of DB page size. This is a rather large number, but it's possible to get there if you have a very active DB with a small page size which is never restored from backup.
Transporting database without transportable backup All Never move an InterBase database from one operating system to another by copying the database file(s). Always make a transportable backup, and restore on the new OS. In at least some cases (Novell to Windows, for example), failing to do so will produce a DB which is unreadable by the InterBase server on the new OS.
Use of IB 4 DBs (ODS 8) with IB 6 Open Edition 6.x Open Edition IB 6 Open Edition may not prevent you from connecting to an On Disk Structure (ODS) 8 (IB 4) DB. Doing so can corrupt the DB. IB 6 commercial editions do prevent this. In general, any InterBase server version supports connecting to DBs created by the previous version, but not older DBs. However, when upgrading server versions it's always a good idea to make a transportable backup under the old IB server version, do a test restore to ensure that you have a good backup, upgrade the server, and then restore under the new server version. This ensures that the database ODS is up-to-date.
Use of IB 5.5 WI-V5.5 The automatic sweep in InterBase 5.5 can corrupt your DBs; this is fixed in 5.6 and later. An update to 5.61 is available for "free" (you pay shipping/handling) from Borland. While you're waiting for it to arrive, set the sweep interval to zero (see Operations Guide) and manually sweep the database at night. You can restore the sweep interval to its former value after 5.61 is installed.
Use of IB 6 prior to 6.0.1.6 6.0.0.27 - 6.0.1.0 Versions of IB 6 prior to 6.0.1.6 are pre-release. There are several bugs which can corrupt your databases, so these versions (I won't call them releases) should not be used under any circumstances. Borland certified (commercial) releases of InterBase 6 have never had these bugs. If using IB Open Edition, update to 6.0.1.6 or later as soon as possible.
Use of IB 7.0 and certain operations in a stored procedure. 7.0 - 7.1 SP 1 If you do certain certain operations in a procedure the server can corrupt the database (see QC #5376). This is fixed in InterBase 7.1 SP 2, which is a free upgrade for anyone with a 7.0 license.
Have large (multi-gigabyte) tables with indices, especially non-unique indices.
Have forced writes off, since some of the issues fixed in the SP are bugs which can cause crashes.
Also fixed is a bug which can cause gfix / Database Validation to incorrectly report corruption.
Use of NCOPY on Netware Novell versions See this article.
Thanks to Alexey Kovyazin, Bjørge Sæther, Thomas Steinmaurer, and Quinn Wildman for feedback on this article.
Copyright © 2002 by Craig Stuntz. All rights reserved.


text:
Home / India News / Isro's Vikram lander lying tilted on moon, but in one piece
Isro's Vikram lander lying tilted on moon, but in one piece
Vikram, with rover 'Pragyan' housed inside it, hit the lunar surface after communication with the ground-stations was lost during its final descent, just 2.1 km above the lunar surface, in the early hours of Saturday.
Bengaluru: Live telecast of soft landing of Vikram module of Chandrayaan 2 on lunar surface, in Bengaluru, Saturday, Sept. 7, 2019. (PTI file pjoyo)
Chandrayaan-2's 'Vikram' lander is lying in a titled position on the surface of the moon but is in one piece, an official of the Indian Space Research Organisation has said amid efforts by the space agency to re-establish communication with it.
Vikram lander, named after the father of India's space programme Vikram Sarabhai, had lost contact with the orbiter of the Chandrayaan-2 mission two minutes after it was to soft-land on the lunar surface near the moon's south pole. Isro chief K Sivan had yesterday said the lunar orbiter, which is going around the moon at an altitude of 100km, had taken a thermal image of the lander on the moon's surface. The orbiter's camera is the highest resolution camera in any lunar mission so far. The effort to re-establish contact would continue for 14 days from Saturday – the mission life of the lander.
The thermal image, an ISRO official said, shows that the lander had a hard-landing close to the location where it was planned to touchdown. "The lander is there as a single piece, not broken into pieces. It's in a tilted position," an ISRO official associated with the mission said on Monday, according to news agency PTI.
Also Watch: Chandrayaan 2: Lander Vikram located, attempt on to establish contact
ISRO and its chief Sivan have, however, underscored that even if the lander and the rover, Pragyan, are intact, they would not be able to transmit any scientific data without any communication.
Isro has described Chandrayaan-2 as a highly complex mission that represented a "significant technological leap".
Vikram carried three payloads Radio Anatomy of Moon Bound Hypersensitive Ionosphere and Atmosphere (RAMBHA), Chandra's Surface Thermo-physical Experiment (ChaSTE) and Instrument for Lunar Seismic Activity (ILSA).
Officials have indicated that the inverted or titled position of the lander had reduced the possibility of success in re-establishing contact with the lander since the antennas had to be pointed towards the ground station or the orbiter.
Quoting an Isro official, news agency PTI said the lander generating power was not an area of concern since it has "solar panels all around it" and it also has "internal batteries" which "are not used much."
A soft-landing of the lander would have put India in an elite group of four nations along with the US, erstwhile Soviet Union, and China to have successfully landed on the lunar surface. It would have made Chandrayaan-2 the first mission to land near the South Pole of the Moon; all other missions have been in a region between the equator and 30 to 40 degrees north and south of it.
The trajectory taken by the Chandrayaan-2 spacecraft ensured that the orbiter had spare fuel and the mission might stay in the lunar orbit for seven-and-a-half years instead of the planned one year.
Vikram lander
https://www.hindustantimes.com/india-news/isro-s-vikram-lander-lying-tilted-on-moon-but-in-one-piece/story-te7esihMhCv1BmeVfYWv7H.html
https://www.hindustantimes.com/india-news/jaishankar-inaugurates-convention-centre-in-niger-dedicated-to-gandhi/story-nN4DIMfUNentT4DYe4D1MO.html
Jaishankar inaugurates convention centre in Niger dedicated to Gandhi
https://www.hindustantimes.com/india-news/cji-bobde-takes-note-of-overcrowded-noisy-courtrooms-bats-for-corrective-measures/story-RugguKOWwjmRX02ZGHm4ZI.html


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