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Supreme Infrastructure India (BSE: 532904, NSE: SUPREMEINF) on Tuesday, 24th April 2012, witnessed a massive sell and matching buy by two foreign institutional investors.
In National Stock Exchange, while controversial FII sub-account Mavi Investment Fund offloaded 2.05 lakh shares, noted Oman based PE firm Kitara Capital bought 2 lakh shares. Both deals were at Rs. 332 a share.
The deals were disclosed by NSE, after trading hours on Tuesday. The buy was specifically by Kitara Group firm, Kitara PIIN 1101, which is registered as an FII sub-account under the FII, Kotak Mahindra (UK) Ltd.
Kitara has invested Rs. 6.64 crore through the deal to accumulate a further 1.20% stake in Supreme Infrastructure India.
Supreme Infra’s recently released Share Holding Pattern (SHP) for Q4 reveals that Kitara Capital has acquired a massive 6.58% stake to emerge as the largest non-promoter shareholder. In Q3, its stake was either non-existent or below 1%.
Mavi Investment Fund has been in the thick of controversies at least during the past one year, due to its alleged involvement in two scams - the 2G scam and the GDR manipulation scam. It is currently facing probes by Central Bureau of Investigation (CBI), Securities and Exchange Board of India (SEBI), and Enforcement Directorate.
Though SEBI had barred Mavi from participating in the Indian equities market through its order in the GDR manipulation case on 21st September, the securities regulator later provided a part-waiver through its January 25th order, on an appeal from Mavi, to sell off certain stocks in its portfolio.
This was allowed in face of the market fall prevailing at that time, and in its January order, SEBI had cited the SAT order obtained by a co-indicted company, India Focus Cardinal Fund, on similar grounds.
Supreme Infrastructure India Ltd is an Engineering, Procurement, & Construction (EPC) contracting firm headquartered in Mumbai. It specializes in roads and bridges, and does much of its work through Special Purpose Vehicles (SPVs) formed for specific toll-based projects following the Build-Operate-Transfer (BOT) model.
Its clients are mainly India’s central, state, and local government agencies, as well as public sector units. Supreme also has private sector clients for its building construction business.
Like most of its peers in the infrastructure and construction space, Supreme Infrastructure had a difficult time during Q1 & Q2. But in Q3 it delivered surprisingly strong numbers with revenue jumping by nearly 71% and net profit growing by almost 32%.
Backed by the numbers, Supreme Infrastructure had soared in late Q3 and Q4, rising from a 52-Week Low of Rs. 152.50 on 15th December to a 52-Week High of Rs. 346.70 recently, on Friday, 20th April - which is a massive 127% rise within four months.
This strong turnaround in fortunes seems to be the cue for Kitara’s massive buy during Q4. Interestingly, of the 13.02 lakh shares it holds in the company now, 9.52 lakh shares were picked up at Rs. 250 after the scrip rebounded from its 52-Week Low by 64%, which shows strong conviction on part of the PE fund.
But due to the steep and rapid run-up in prices, identified sellers were also there on March 14th when Kitara picked up this large stake in one go. Sellers including Reliance Mutual Fund had supplied 4.30 lakh shares, amounting to 45% of Kitara’s high demand.
However, soon after, on 29th March, Kitara started accumulating at even higher levels, buying 1 lakh shares at Rs. 288.68.
The buy on Tuesday, 24th April 2012, is again a follow-up by this Middle East fund run by PIOs, but it is a larger buy of 2 lakh shares at an over-heated price of Rs. 332 a share.
The obvious buy cue this time is a recent order win by Supreme Infrastructure India, amounting to Rs. 283 crore. The deal is undoubtedly significant as the company’s nine-monthly revenue in FY’12 was only around Rs. 1000 crore.
However, the prices seem definitely overheated and due for a correction soon, especially since institutions like Mavi Investment Fund have come out as sellers.
The regulatory problems facing Mavi may force follow-up sells in the Supreme Infra counter. Mavi Investment Fund Ltd is an FII sub-account registered under MM Warburg Bank (Schweiz) AG.
However, the real ownership of Mavi is a hotly debated issue in stock market circles, and is also subject of an investigation that India’s CBI is pursuing in Europe with the investigative agencies there. Ownership rumours cited by media include that of controversial stock market investor Nirmal Kotecha as well as a group of diamond merchants and stock brokers.
As of Q4 end, Mavi Investment Fund held a 5.96% stake in Supreme Infra.
Also, as revealed by the recently released Q4 SHP, during the steep rise, partial sellers have included Reliance Capital Trustee Company, IDBI Federal Life Insurance Company, & Pivotal Securities - all of whom are the largest non-promoter investors in the company, after Kitara and Mavi.
The promoter group has also sold off a 0.23% stake in Q4, but their stake is still comfortable at 56.61%.
Supreme Infrastructure India is yet to announce its Q4 and annual results, which will set further direction in the stock.
On Tuesday, the scrip closed at Rs. 333.20 in NSE, up by 1.34% from the previous close.


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Division 2 — 1. Valencia, 2. Upland, 3. Heritage, 4. Oaks Christian, 5. Edison, 6. Calabasas, 7. Norco, 8. La Habra, 9. Cathedral, 10. Los Alamitos.
Division 3 — 1. Charter Oak, 2. Lompoc, 3. Citrus Hill, 4. Westlake, 5. Sierra Canyon, 6. Villa Park, 7. St. Francis, 8. Palos Verdes, 9. Rancho Verde, 10. Newbury Park.
Division 5 — 1. Paraclete, 2. Lawndale, 3. Paloma Valley, 4. Yucaipa, 5. Paramount, 6. St. Joseph, 7. Moorpark, 8. Los Altos, 9. Ventura, 10. Harvard-Westlake.
Division 6 — 1. Bishop Diego, 2. Crescenta Valley, 3. Saugus, 4. Golden Valley, 5. Summit, 6. Oxnard, 7. Elsinore, 8. St. Paul, 9. Newport Harbor, 10. Fountain Valley.
Division 8 —1. Rio Mesa, 2. Citrus Valley, 3. Valley Christian, 4. Silverado, 5. Grace Brethren, 6. Riverside-Notre Dame, 7. Antelope Valley, 8. Northview, 9. Sunny Hills, 10. Long Beach Millikan.
Division 9 — 1. Aquinas, 2. Ridgecrest-Burroughs, 3. St. Anthony, 4. Mayfair, 5. West Ranch, 6. Cypress, 7. Leuzinger, 8. Aliso Niguel, 9. Santa Barbara, 10. Agoura.
Division 13 — 1. Orange, 2. Campbell Hall, 3. Knight, 4. La Quinta, 5. Sacred Heart, 6. Yucca Valley, 7. Ocean View, 8. Nogales, 9. Hueneme, 10. Mary Star of the Sea.
Division 2 — 1. Palos Verdes, 2. Westlake, 3. Santiago, 4. El Dorado, 5. Esperanza, 6. Orange Lutheran, 7. Sherman Oaks-Notre Dame, 8. Mission Viejo, 9. Los Osos, 10. Lakewood-St. Joseph.
Division 3 — 1. Laguna Beach, 2. Sage Hill, 3. Yorba Linda, 4. La Salle, 5. Sierra Canyon, 6. Notre Dame Academy, 7. Saddleback Valley Christian, 8. Westridge, 10. Murrieta Mesa. Other: 13. Buena.
Division 4 —1. Oak Park, 2. Culver City, 3. Alemany, 4. Saugus, 5. La Canada, 6. Oaks Christian, 7. Palm Desert, 8. Pasadena Poly, 9. Mayfair, 10. Mayfield.
Division 5 — 1. La Reina, 2. St. Paul, 3. Alta Loma, 4. Laguna Beach, 5. Quartz Hill, 6. St. Anthony, 7. Shadow Hills, 8. Oak Kills, 9. Woodcrest Christian, 10. La Quinta.
Division 8 — 1. Malibu, 2. Upland Christian, 3. Capistrano Valley Christian, 4. Milken Community, 5. Providence, 6. Rosemead, 7. San Gabriel Academy, 8. Nordhoff, 9. Baldwin Park, 10. Linfield Christian.
Division 9 —1. Villanova Prep, 2. Mammoth, 3. Santa Clarita Christian, 4. Rancho Chjristian, 5. Holy Martyrs, 6. Anaheim, 7. Los Amigos, 8. Big Bear, 9. Orangewood Academy, 10. Santa Rosa Academy.
Division 10 — 1. Pacifica Christian, 2. Lone Pine, 3. Victory Valley Christian, 4. Carnegie, 5. Eastside Christian, 6. Excelsior Charter, 7. Crossroads, 8. Lucerne Valley, 9. AGBU, 10. Newbury Park Adventist.
Division 1 — 1. Orange Lutheran, 2. Mater Dei, 3. Newport Harbor, 4. Harvard-Westlake, 5. Huntington Beach, 6. Oaks Christian, 7. Foothill, 8. Santa Margarita, 9. Loyola, 10. Agoura.
Division 5 — 1. Upland, 2. Flintridge Prep, 3. Rio Mesa, 4. Temescal Canyon, 5. Alta Loma, 6. La Habra, 7. Ocean View, 8. Chino, 9. San Marino, 10. Marina.
Division 1 — 1. Great Oak, 2. Loyola, 3. Roosevelt, 4. Crescenta Valley, 5. Dana Hills, 6. El Toro, 7. Newbury Park, 8. Trabuco Hills, 9. Burroughs, 10. (T) Long Beach Poly, Arcadia.
Division 2 — 1. Saugus, 2. Ventura, 3. Claremont, 4. Redlands East Valley, 5. West Ranch, 6. Simi Valley, 7. Arroyo Grande, 8. Mission Viejo, 9. Sunny Hills, 10. Canyon.
Division 4 — 1. Cathedral, 2. Foothill Tech, 3. San Luis Obispo, 4. JSerra, 5. Crean Lutheran, 6. Harvard-Westlake, 7. Covina, 8. Bishop Amat, 9. Laguna Beach, 10. Fillmore.
Division 5— 1. (T) Valley Christian, Flintridge Prep, 3. Thacher, 4. St. Margaret's, 5. Campbell Hall, 6. The Webb School, 7. Desert Christian, 8. Pasadena Poly, 9. Orcutt Academy, 10. Ontario Christian.
Division 2— 1. Claremont, 2. Capistrano Valley, 3. Saugus, 4. Mission Viejo, 5. Serrano, 6. Canyon, 7. West Ranch, 8. Ventura, 9. Northwood, 10. Simi Valley.
Division 3 — 1. Esperanza, 2. Palos Verdes, 3. Laguna Hills, 4. Oak Park, 5. Moorpark, 6. Corona del Mar, 7. Granite Hills, 8. West Torrance, 9. Brea Olinda, 10. Torrance.

industry_corpus2: Subject Education


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U.S. Transportation Secretary Anthony Foxx announced the appointment of 29 new members to the Marine Transportation System National Advisory Committee (MTSNAC).
All American Marine, Inc. (AAM), together with Harbor Breeze Cruises, has announced the completion and delivery of an aluminum catamaran passenger vessel to operate in the Los Angeles and Long Beach harbors. The new vessel, M/V La Espada, is a multi-purpose vessel and will provide harbor tours, whale watch cruises, dinner cruises, and charter ferry service to Catalina Island. La Espada, whose name means ‘the sword’, is 83’ x 29.5’ and is certified to carry 250 passengers.
Defence and security company Saab has been awarded a contract from the Curacao Ports Authority to install the latest version of Saab’s KleinPort for the Authority’s new Harbor Management System. Curacao Ports will be using KleinPort to manage its multi-harbor operations. System functionality includes the scheduling of vessel traffic and services, the dispatch of pilots and tugs, the recording of cargo data, full tariff billing and provision of comprehensive management reporting.
While U.S. ports have been busy, overall the beginning of the shipping season has been slower than anticipated. “Although the overall cargo numbers remain down when compared to the same time frame last year, in June we were above the five-year average,” said Betty Sutton, Administrator of the Saint Lawrence Seaway Development Corporation. “Imports arriving in the Great Lakes Seaway System kept longshoremen busy during the month of June.
Maersk Line, the world's largest container shipping company, told its clients on Tuesday it will set the maximum freight rate from Far East Asia to Europe at $1,250 per 20-foot container (TEU) as of August 1, down by $200 from the previous month's comparable rate. The set rate, which applies to all kinds of freight, will not necessarily go through as the shipper is often forced to accept far lower rates because there are too many vessels available to ship goods.
SENER has launched an update of its FORAN shipbuilding CAD/CAM/CAE system. Version V80R1.0, which was launched onto the market when FORAN celebrated its 50th anniversary in 2015, was a revolutionary change. A year later, version V80R2.0 has added significant features such as a new geometric core and the ability to manage a series of ships (Applicability), in addition to other improvements in all of its disciplines.
Themis is Wallenius Wilhelmsen Logistics’ (WWL) fourth Neo-Panamax class vessel, which means it is built for the expanded Panama Canal inaugurated June 26. Like her sister vessels, Theben, Thalatta and Thermopylae, Themis is almost 200 meters long, 36.5 meters wide and features five liftable car decks, allowing for multiple configurations and a wide variety of customer cargo. The vessel can transport up to 8,000 car equivalent units.
Inchcape Shipping Services (ISS) is advising that there has been no impact to operations at the Turkish Straits following the attempted coup in Turkey, with all passages taking place as per schedule.
RINA recently awarded Carnival Maritime GmbH ISO 14001 and BS OHSAS 18001 certificates. Now the Carnival Maritime office in Hamburg as well as 26 ships in Carnival Maritime’s fleet have been awarded environmental management ISO 14001 and occupational health and safety management BS OHSAS 18001 certifications. The certified fleet includes Costa and AIDA ships. Initially only ships belonging to Costa Crociere were included in RINA Services scope of work.

industry_corpus2: Transportation


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Tesla has agreed to acquire Grohmann Engineering, a German firm that specializes in automated manufacturing. Founder Klaus Grohmann will also be joining Tesla and will head a new division within the automaker called Tesla Advanced Automation Germany.
Tesla plans to add an additional 1,000 engineering and technician jobs in Germany, on top of Grohmann’s existing 700 employees, over the next two years as the company looks to aggressively ramp up electrical vehicle production at its Fremont, California factory.
Tesla has said it wants to increase production from around 80,000 cars in 2016 to 500,000 cars in 2018. Its more affordable Model 3 EV is expected to begin production late this year.
This is the first “significant” acquisition in Tesla’s history, said Tesla CEO Elon Musk.
Tesla and Grohmann have been working together for more than a year and the acquisition came out of a mutual desire for the firms to work together even more closely.
Tesla CTO JB Straubel said the pool of engineering talent in Germany is significant and that drove the decision to invest in Germany and expand the Grohmann team post-acquisition.
A number of elements of Tesla’s automated manufacturing systems will be designed in-house by the Advanced Automation team in Prüm, Germany, and the company believes it will deliver “exponential improvements in the speed and quality of production” as it works to increase vehicle production ahead of the Model 3 launch.
Tesla has increased its vehicle production by 400 percent over the past four years, but it will need to increase production four-fold over the next two years if it expects to hit its production goals. Musk said his company is also in the early stages of planning a combined battery and vehicle factory — a “Gigafactory 2” — to be located in Europe.
Acquisition price was not disclosed, but the deal is expected to close by early 2017.

industry_corpus2: Automobiles


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We use 50 Thin clients HP T520. On the intranet, with freerdp connection we don't have any problem (web pages is displayed very well and it work fine), but on extranet (wan), so with VPN we have a slow connection at the level of web pages and also at the level of the applications. The server part using Windows Server 2008 R2. We noticed that we have others HP Thin client (like t5550, T5545, T5540 or T510) and we have the same problems via VPN. For all we used HP ThinPro as operating system.
We have tested the VPN connections with Desktop Pc (Windows 7) + RDP, but we have not any problems with the connection's speed, and everything works fine.
Thin client (HP, Thinpro) + RDP (FreeRDP) VPN = slow internet connection and blocking of applications.
I suggest you to open a support case with HP providing more details of the configurations and to proviee the ThinPro logs.
Thank you for your feedback. It's about Thinpro Version 5.2 on the model T520 or Thinpro 3 for t5550. We use a custom RDP connexion xfreerdp, but we have had the same problems with the browser connection or RDP included in the Thinpro package. The problems are only through VPN when we used any Thin CLient, but not through desktop PC on Windows with RDP connexion (so its not a probleme with our internet connexion between sites). We have changed the the MTU too, but nothing changed.
Inside our network without VPN we have not this problem with the same Thin client, for that we think is samething linked with the Thinpro trought VPN.
Hi Which ThinPro version ? 5 or 6 ?
but, with RDP is the same problem, but only throught VPN.
Haeve you tried creating a Web browser (Firefox) connection via VPN ? to your RDWEB site ?
Yes, I tryed too, but we have the same problems. I'll try an update of Thinpro. Thank you!
I didn't find a tool to create a bootable USB stick from a .dd.gz file... I tried Win32DIskimage or Rufus, but my USB stick doesn't work. I don't find HP Thin Client Imaging Tool (CRStart.exe) from here http://h20564.www2.hp.com/hpsc/doc/public/display?docId=emr_na-c02590668 .
Can you indicate me a link to do that? Thank you a lot!

industry_corpus2: Computing & Telecommunications


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Each year, the SBA recognizes the nation's top supporters of small business, as well as the top small businesses of that year. While many lenders and small business owners will be named and honored at the Small Business Week in June, SBA has already announced the 2013 Small Business Export Lender. The announcement was made at the 6th annual Export Lenders' Roundtable earlier this month, and BBCN Bank is the recipient of this award.
With continued support and facilitation of international trade financing, BBCN Bank has financed almost $13 million in export working capital in 2012. BBCN, which specializes in banking products for small and medium sized businesses, serves a diverse mix of customers that mirror their respective communities, including the largest Korean population concentration outside Korea. The bank holds more than $5 billion in assets and participates in the Preferred Lender Program with the SBA.
Read more from the SBA Press Release.
This year’s Small Business Week will include forums discussing the small business landscape, business coaching services, matchmaking events, as well as networking opportunities and award ceremonies. The week’s events culminate in Washington, where the 2013 National Small Business Person of the Year will be announced.
Small business owners from all 50 states and territories will be competing for the award. All small businesses that attend will interact with federal government officials, local elected leaders, representatives from national businesses and other small business experts.
Stay tuned for the announcement of winners in June!

industry_corpus2: Finance & Economics


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Our bold, scientific approach to matching means more quality dates with deeply compatible singles in Holbrook that truly understand you.
Singles in Holbrook, PA are connecting on eHarmony.
Dating in Holbrook is not exactly a walk in the park. It can be challenging for Holbrook singles looking for a more meaningful relationships that last. That’s where eHarmony works its magic. We use a scientific matching system that leverages 29 DIMENSIONS® based on features of compatibility found in thousands of successful relationships – Holbrook dating has never been more real. We are committed to helping Holbrook singles discover love every day by narrowing the field from thousands of singles to a select group of compatible matches. Start here and get there by taking the eHarmony Personality Profile to see how you relate to other Holbrook singles. Then read your FREE Compatibility profile® and meet Holbrook singles that are truly right for you.


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If you have been arrested in Calhoun GA or believe you are about to be arrested, then you need to contact the Bail Bond Calhoun bail company for a recommended bail bondsmen. The experienced bail bondsman will come to your jail location and post the bail bond, usually 10 percent of the bail, so you can gain your freedom. A relative or a friend may need to co-sign the agreement to pay the bond if you skip town and the court revokes your bail. Otherwise, the bond remains in effect until you are no longer charged or until you have been sent to prison on a conviction.
The bail bond process may seem to fly in the face of our country’s belief that everyone is innocent until proven guilty. However, too many accused people would rather flee the area than face the court so the bail bond tends to give them their freedom while ensuring they have time to work on their defense and be with their families.
Bail is normally set at the arraignment, so it helps to have an attorney present to argue for a lower bail amount. Some prosecutors go for the max and it requires an attorney representing you to argue against a high bail bond amount. Once the amount is set by the magistrate then the bond can be posted and you are able to leave the jail. Bail Bond Calhoun can arrange easy payment plans for your bond fee. You can use the Pay Pal system to pay the bondsman quickly.
The bail bondsman is very familiar with the bond process is Calhoun County and he will be able to efficiently process a bond with minimal delay, but the actual release is up to the jail depending upon how busy they are and how quickly the bail bond clears their system.
When you call the bail bondsman it is important to provide as much information as you can since you probably will have to leave it on an answering machine. They are very busy but they will get to you as soon as possible. A lot depends on how quickly you can get the process started on your end. However,j is a very efficient service and they will do everything possible to make your release quick.

industry_corpus2: Law & Justice


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Our security for events is managed by highly qualified and professional employees. We stick by our motto “working with you” to ensure that your event runs smoothly and that any safety and security risks are being monitored and dealt with. We will help you from beginning to end, right from the planning stage.
With over 29 years’ experience in security, we are able to provide a trained and professional team to give you peace of mind in the knowledge that expertise individuals are supervising, reducing and limiting any unplanned incidents or disturbances. In cooperation with our event security services we can also provide chauffeuring for secure and safer travel to those who require it. And security guards for the night before to safeguard goods and equipment that may need to be delivered early in time for the event.
No matter the event, we can cater our security for events to your unique needs by providing a bespoke and reliable service, carried out by licensed and trained professionals.

industry_corpus2: Others


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Software development company focused on interactive and game development.
Franc-Tamponnage 2018 goes AR & VR!
Nicholas on Unity – fast build platform switcher script!
Aymeric on Unity – fast build platform switcher script!
Update: we made also a WebGL version!
The Sub® is part beer cooler and beer drafter made by Heineken in partnership with Krups. The concept is similar modern coffee machines in that this device will allow for you to insert a “cartridge” of beer , keep it cold and you can poor yourself a glass at home like a pro.
Visit this site for more info.
As I write this, a popup store called The Sub®Store is displaying this device in all manners and colors in Paris and will close the 20th of December.
For this event, we were asked to develop one of several apps that would help showcase the device in the store. Our app would display some of the technical aspects of the device, its inner workings such as how the beer would come out, at what temperature, and how it is kept cold.
We worked for Megalo who designed the app’s UI and UX and all 2D assets. We also worked with GHiOM who created the 3D models used in this app.
The following video shows the app in action.
The Sub by Heineken from Da Viking Code on Vimeo.
This 3D technical drawing that you can manipulate has been amazing to help create.
Inside that 3D model, some “hotspot” points you can click can trigger events where the camera zooms into a specific position to show more details on a given process/detail by showing some descriptive text or animations.
This would run on a single type of device, an ipad air 2, and was created with Unity.
Let’s talk about the 3D. What we had to work with was a full 3D model of the outside and inside of the device, optimized thankfully but still high quality. The mockups were mainly rasterized vector files, very close to technical / blueprint drawings, and we had to get as close to this result as possible. But then, to highlight objects we were going to have some kind of effect on objects, and “x-ray” was the term being used, wireframe was the term used to explain how the full device should appear on screen.
However “wireframe” is deeply misleading cause this means showing each vertices of an object, where the mockup was showing something closer to a hand drawn device where lines and curves were drawn only when necessary. By that I mean something closer to manga drawing if you will. To summarize, lines and curves drawn on screen, had to depend on the point of view of the object. That’s it. No wireframe… Just an outline effect dependent on the camera’s position and viewing angle.
With that in mind, we got ShaderForge out for the first time, and this was an amazing tool.
First and foremost, the outline effect is here by default! So there was nothing to worry about on that part. Although some curves on the technical drawings were not outlines and drawn explicitly to show tight, hollowed “lines” in the device that went around it. For some lines that needed to be there, we didn’t rely on the outline effect, but rather full polygonal , solid colored objects to create lines. This did the trick perfectly and gave us the perfect result to be between outline and full wireframe. in fact let’s call that outline and selective wireframe.
There might be a shader for that. Though in this case, it was just easier, and the result was as nice, to create “real” lines on top of the objects.
Now there’s that x-ray effect for some highlighted objects. This too, would depend on the camera angle. We simply used a Fresnel shader.
Though there are more shader types than you can imagine here… There is one shader that could be used for all materials in the scene (I didn’t end up doing that but I know its possible). This obviously helps for rendering, but when a hotspot was clicked, we had to go in “single object view” let’s say. And that means “fading away” all other object.
To successfully do that. Material properties are simply being lerped (with easing) to a different material’s properties (as long as property names are the same).
Unity provide an easy way to lerp materials with Material.Lerp in fact. But we had created our own lerping system before shaders got merged progressively.
So I cannot say what Material.Lerp does, it should perform better than our solution but our solution worked fine.
There was one really interesting challenge but it was solved in less than half an hour. Some virtual liquid had to fill a 3D tube (twisted cylinder) you might see that at 0:35 in the video, and you can see a bit of the shader involved in the ShaderForge screen capture above. Basically, a gradient texture was mapped to the tube so that it started white at the start of the tube, and black at the end. From that with the help of the visual ShaderForge editor, it was really fast to build up the logic that I knew would work in code anyway but didn’t want to struggle with shader code at that point… have a threshold value to be tweened between 0 and 1, anything above that value compared to a single channel value on that texture, would be a certain color, everything below would be a different color. tweening linearly the threshold value simply makes one color rise up linearly too on that object because there is a gradient.
That simple quick idea came up because I started writing shader code by hand earlier and tried that “dissolve” effect where instead of having two colors you have the texture or transparency and instead of a gradient mapped to the object, you get perlin noise for example. I’m sure with such simple concepts you could get very cool effects, and ShaderForge helped achieve that in a situation where the idea was here but time for coding it was not.
A reminder, the object doesn’t move, the camera does.
If you ever do a similar project, it’s your choice after all, all that changes is the relative point of view – I’m sure this app could have been done by having a static camera. But I decided to go for an orbiting camera. Also, the camera had to move in/out of some specific positions/rotations in the world (the single object views after clicking a hotspot). These movements are built on the fly with bezier curves…. So it’s possible to sometimes clip inside the object while moving though it doesn’t affect the experience.
Anyway, orbiting the object I guess was the biggest part of the app, the part that was reworked a lot at least.
It first started with a simple camera orbit scenario, where the touch position would affect two rotational axis. There was no zoom in/zoom out movement at the time. So basically 2 axis of control for the rotation and no “tilt”… to avoid gimbal locking here since I used euler angles and tracked them as properties seperate from the Quaternions, well we would limit the possible “latitude” of the rotation (I was thinking of it as moving the camera on a globe, I though, X,Y for the touch, so Longitude/Latitude for the positions on the sphere).
This did work for some time. But we were asked to be able to move the object around at any possible angle. Of course this meant non gimbal locking “camera orbit” but this also meant a control by touch similar to a trackball and affecting a new axis on the camera’s rotation. So no more euler angles, full Quaternion all over the place.
On any given Touch event (movement of a touch down) we have the camera to center vector, where center is an arbitrary center of orbit point.
From that we want the tangent plane to the sphere we’re orbiting “on” . given the camera looks at the center always, we have it, it could be defined by the camera’s up and right vector. It’s kind of like the screen being projected on the sphere actually (well its exactly that I guess). from that we can control all axes of the rotation and position of the camera to get the effect similar to trackball, although I did not project the touch position on a sphere to get a trackball effect where the further you go from the center the less rotation you get, that was not the point.
Anyway, you could start from looking at the front of the object. to looking at its side by sliding horizontally. Then sliding vertically to a full 360 around it in the direction you were in. Exactly what you’d expect if you have an object floating in front of you and you could control its every direction.
Although, that extra level of freedom did cause some issues. It was harder to control, to keep the object “level”. So basically we reverted back. It was not necessary for the presentation to be able to play around with it in every direction like an inspectable object in resident evil, in fact it was more distracting and frustrating than anything, possibly leading away users from the experience.
Well this was a very interesting app to create, a lot of UI stuff that needed to be done and thankfully Unity handled it very well and managing UI is getting very easy. Discovering ShaderForge was amazing too, there probably are some redundancies in the shader given some simple operation actually exist as nodes of themselves and I probably replicated them with more nodes than I should’ve, Material.Lerping was very interesting to work on even though Unity does provide a way to do that yourself – it did improve my understanding of unity’s ShaderLab language even though I wasn’t directly touching it, and overall 3D rendering with some special effects. One thing I didn’t mention, we’ve got an internal view of the object always so there’s lots to say about depth buffers here! The Color problem was really weird, I hope that function helps people… in the end you could use a Gradient object and Evaluate() it – that would’ve been my last solution if it weren’t for that function. And thanks to GHiOM, the artist that worked on this 3D model and helped with the back and forth of ideas on the final rendering results (and also had to cut and add some stuff to his model because of us and some weird artifacts the outline effect could have).
Next Next post: Learn more and in a fun way about cancer with “Hygee” !


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The first thing you must remember is that your personal statement will probably be the only opportunity you get to “talk” directly to the admissions tutor on the programme you want to study. It is therefore vitally important that you make this statement as effective as possible! If you do apply to a programme which invites candidates to interview, your personal statement may also form the basis of your interview, for your college application.
Your personal statement is an opportunity for you to demonstrate why you think you would be a good student for the programme you are applying to and why the University should select your college application over those of other candidates. It is primarily an academic statement and you must target it very directly towards the subject in which you are interested, though a University will also want to know something about your more general interests.
This could be a short sentence and needs to capture the reason why you are interested in studying on the programme you are applying for. Some of the most effective personal statements start simply, for example, “I want to study History because…”. With this opening statement you are trying to communicate to the admissions tutor your enthusiasm for the programme.
Where could studying the programme lead?
What you have learned if you have had a job.
Q How can I write a personal statement about the programme I want to study when I want to apply to three (or more!) different sorts of programme?
A You can’t! It’s possible, but harder, to write a statement that covers two different areas but three simply won’t fit. Remember, your personal statement needs to convince an admissions tutor that you are the right student for their programme and trying to do that for three or more programmes in one personal statement doesn’t work.
Q How far back should I go when mentioning my extra-curricular activities?
A You should only mention those things which help support your college application; a long list of everything you’ve done is much less impressive than picking on one or two things and writing about the skills you learned through them. Remember also that recent activities may be of more significance than those a long time ago. The activities you took part in over the summer will carry more weight than the awards you won when you were six!
Q I think I have achieved some truly great things in my life, should I not make sure these achievements make up the bulk of my personal statement?
A Anything that makes you a unique and interesting individual is important but always remember that an admissions tutor is primarily interested in why you want to study their course.
Q I’m not interesting or unique!
A Yes you are! Everyone has special skills, experiences or achievements to mention. We don’t have any set ideas for what we are looking for, we just want to know what makes you, you.
Q Do I need to use long words and elaborate language to impress the Admissions Tutor?
A No! An Admissions Tutor will be impressed by the use of good English; a personal statement needs to be well written, in simple English, and laid out carefully. If you try too hard to impress with clever language you will normally make your statement harder to read and your reasons for wanting to study a particular programme less clear.
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Sammie and Kevin Smith have been served an eviction scheduled for 5/25 at 9am. We will move to block this eviction and to protect our family and our community! We will be conducting a Blockade Training tomorrow night to prepare to Block this EVICTION. The training will be held at 361 Sumner Ave, Trinity Church, at 6pm in Springfield! Come learn what role you can play to help us keep this family in their home! We need as many people as possible to come to the action that morning if this blockade is going to be successful!
“My name is [ ]. I am calling/emailing to urge you to stop the scheduled eviction of Sammie and Kevin Smith at 2163 Wilbraham Rd in Springfield MA and instead accept the rent that is being offered. Sammie Smith is elderly and sickly and it is absolutely horrendous that your greedy corporation would consider making him homeless! Springfield has enough vacant bank owned properties and homeless families and we do not need any more. Please call off this scheduled eviction and instead work with this family.
Call Caliber Home loans CEO Sanjiv Das @ 1-800-621-1426 or email at sanjiv.das@caliberhomeloans.com. Tell Him: “My name is [ ]. I am calling/emailing to urge you to stop the scheduled eviction of Sammie and Kevin Smith at 2163 Wilbraham Rd in Springfield MA and instead accept the rent that is being offered. Sammie Smith is elderly and sickly and it is absolutely horrendous that your greedy corporation would consider making him homeless! Springfield has enough vacant bank owned properties and homeless families and we do not need any more. Please call off this scheduled eviction and instead work with this family.
We will Move to block this eviction!
We demand that US Bank and Caliber Home Loans: DO Not move to evict and instead rent the home to the Smith family for an $700 a month!
Email us at: Rose (at) springfieldnooneleaves.(org) if you are willing to risk arrest!
May 21, 2017 in Our Work.

industry_corpus2: Real Estate & Construction


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Learn everything you need to know about rivets. Rivets are not scary when you know how they work. I'll give you 4 ways on how to attach rivets before you need to buy a rivet press.
We will send your starterpack all over the globe. International shipping included.

industry_corpus2: Manufacturing


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thermopane window glass collapsed glass in windows or dual pane windows consist of two panels of glass separated by a spacer bar and sealed together.
china insulated glass manufacturer association member, repair services image, seal failure glass services, fixed vertical glazing window glass installation details, china insulated glass manufacturer association member, window glass home and car tinting, repairing a window with fogged glass,window collection , can foggy insulated glass units be repaired, are triple pane windows worth the investment list.
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The University of Alabama, a major university whose football team is again competing for the national number one slot in collegiate football and is forty miles from Hale County, Alabama. The bustling metropolis of Birmingham is only one hundred miles away. Yet, for the children of Hale County, Alabama, they might as well live on the other side of the country. They live in a rural and an impoverished area of Alabama in what is known as the Blackbelt region of the state. Residents of this are at an economic disadvantage with very limited resources. The high school graduation rate is only 34% with 74% of households earning less than $30,000 per year. Almost 200 families live without plumbing and healthcare is nonexistent for most.
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We have now a specialist, efficiency staff to provide good quality company for Surge Protector Battery Replacement , surge protector battery replacement , e bike battery replacement , substantial price of solutions and fantastic customer services.
"We are ready to share our knowledge of marketing worldwide and recommend you suitable products at most aggressive costs. So Profi Tools offer you finest benefit of money and we are ready to produce alongside one another with Surge Protector Battery Replacement , surge protector battery replacement , e bike battery replacement , Custom orders are acceptable with different quality grade and customer's especial design. We are looking forward to establish the good and successful cooperation in business with long terms from the customers of all over the world.


text: The Dyslexia Handbook, 2018 Update contains procedures for school districts and charter schools in early identification, instruction, and accommodations for students with dyslexia and related disorders. Additionally, the handbook provides information regarding the state dyslexia statutes and their relation to IDEA and Section 504. Participants attending this face-to-face training should bring an electronic or hard copy of The Dyslexia Handbook, 2018 Update as there are activities and specific pages to be read and used during the session. Intended audiences include general and special education teachers, dyslexia teachers, administrators, and parents.


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Using Xtender technology to find tenders, we can build an in-depth profile of your business and deliver any tendering opportunities. Our service cover UK, Ireland and the rest of Europe. Opportunites sent to your email address, we will even send copies to your colleagues, all included in the price.
We do not ask for any payment information. Our trial is completely free and without obligation. We provide the complete service during the trial period. This includes full access to our website and the ability to search our database. At the end of the trial period it will automatically stop, there is no charge.
The complete package from Xtender costs £450 (€575)+VAT for a full 12 months subscription. This less than half the price charged by some of our competitors!
Our information comes from a variety of sources. TED (Tenders Electronic Daily) is the main database of European Tenders. These cover UK, Ireland and the rest of Europe. In addition to the tenders published by the OJEU, we also provide many notices that are below the OJEU publication threshold value. We are able to provide information for all of Europe. Our information is not limited to a specific geographical area.
Looking for New Business ?
The complete package from Xtender costs £450 (€575)+VAT for a full 12 months subscription.
Xtender provides information on business and tendering opportunities throughout Europe.
Our state of the art software systems allow us to match your profile against business opportunities on a daily basis.


text: High school was really an integral part of my life. It was the time in my life where I found what I wanted to do. Let me tell you about it. Well, the earlier parts of my high school life were both boring and terribly unproductive. Everything changed when one of my friends invited me to join the journalism club. There I found a lot about myself. I learned that I am very into writing, and I wish to talk with people.

industry_corpus2: Media & Journalism


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Zong customers in Turbat are not yet provided with the necessary GPRS(internet) services. And i have been listening these words for more than a year when i call customer services centre "We will soon start GPRS services in Turbat"
Why not complain to consumer court? We have one in Punjab but cannot say about Baluchistan.
I am not sure whether there is consumer court in Turbat or not. But i am ready to forward my complain anywhere in Pakistan.
Trying complaining PTA and even Punjab Consumer court on their website. But, all I can assure is that, Zong would be providing vey low spped in Turbat even if they start GPRS there.
Ok thanks for your suggestion i will forward my complain to PTA.
After 6 months, zong has finally started GPRS services in Turbat. Thanks Zong!!!! "Sab keh do"


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Google's John Mueller talked about the frustration some may feel when you write a breaking story about a topic no one has covered yet other web sites are outranking you for that story, even though these other web sites link to you as the source. John said they experience the same thing on their webmaster blog.
In regards to original content, sometimes we'll do a an original news story piece that that one of our or editors or writers have developed. And another site will actually cover our news piece and they will source us as the you know originator of the news. And if you take a look at it in Google News or maybe in the search rankings they will actually rank higher for that story then we will and were the originators of that content. So that that was kind of a bit surprising that you would feel like the originators of that content should be the ones you know at least ranking high higher in the search engine rankings or Google News. And I know that's kind of kind of a bit of a problem for some sites but it looks like if you have a you know more links or a higher ranking in Google it seems that those sites will outrank you for your own original content even though they source you as being the originator of the content. I'd like to hear what you have to feedback on that.
John said that he would love to see examples of when this happens. He also added that this happens to them a lot on their Google webmaster blog. Where they would write something and then I'd cover it and outrank them for it. He said it doesn't really bother them that much because they just want to get the information out there.
Truth is, it happens to my writing here and there as well. I don't get upset when another blog outranks me if they link to me because the site linked to me. They did the right thing and linked to the source. I do get upset when someone basically cites what I came up with and do not link to me. I want the information out there but I want the reader to know where it came from, even if I did not rank in the first position in Google for it.
We have this problem all the time with our Webmaster blog. It's like we put something on the webmaster blog and then Barry writes about and he ranks for it instead. I don’t know, it is so unfair. But I mean for us it's not a problem. For us it's more about getting the information out there and if someone else ranks for that I think that's fine. But I know for other websites that can be quite problem. Especially when you see like for those those main queries maybe in the top stories carousel and you see the the other website that's writing about your content, that's frustrating.


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All students require support from teachers, classmates, family, and friends in order to thrive and to gain full benefit from their high school experience. Some students have special needs that require supports beyond those ordinarily received in their school setting.
At Mississauga, the Special Education Department will help students learn how to develop and apply literacy and numeracy skills, personal management skills, and interpersonal and teamwork skills to improve their learning and achievement in school, the workplace, and the community. This department helps students build confidence and motivation to pursue opportunities for success in secondary school and beyond.


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Special thanks to my great Leader CDM Salha Zain & DSM Salleha Roslan..
"If your actions inspire others to dream more, learn more, do more and become more, you are a leader"
you're really inspires me to DREAM more, LEARN more , DO more and BECOME MORE..!!!
Keep your dreams alive !!!


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On Tuesday I posted about changing my lesson plan for American Education Week. I thought I would a do problem-solving activity using Steve Metzgers book Silly Turkey Party or doing a turkey sorting activity. But I change my mind again… I found this really cute pattern block turkey activity on Chalk Talks blog. Needless to say I got to school extra early this morning to cut out all of the shapes.
I downloaded the template from Heidi song blog here.
They turned out super cute and the kids had fun.


text:
Charlotte Montaud began her career as a lawyer in a Paris based law firm, reputed for patent litigation.
Charlotte joined Plasseraud in September 2018, after 12 years of experience in IP law firms in Paris and Lyon.
She has developed an expertise in intellectual property related contracts, assisting clients in the negotiation and drafting of agreements related to R & D and the valuation of IP rights. She also assists clients in pre-litigation, litigation and negotiation of amicable disputes.
Charlotte has various professional commitments: in the profession: she has been elected as President of the Contracts Committee of the CNCPI, a member of the GRAPI Steering Committee, a member of the French AIPPI Group and is an active member of LES France (Licensing Executives Society).
She is a regular speaker on IP contracts both in France and abroad, to competitiveness clusters, professional associations, and delivers client awareness training in the field of IP contracts.
Charlotte also lectures on industrial property agreements at EM Lyon, Center Paul Roubier, and the Master 2 IP course at Lyon 3 University.


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Officers investigated a motor vehicle crash after a caller near First Street and Second Avenue notified police Friday at 10:18 a.m. of a noninjury collision.
Officers investigated after a First Street caller reported Friday at 12:06 p.m. that a propane tank was on the road.
Officers investigated a motor vehicle crash on U.S. Highway 2 Northwest after being notified Friday at 2:24 p.m. of a multi-vehicle collision with injuries.

industry_corpus2: Politics & Administration


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The living area on the middle floor has a sunny, south-facing aspect and has direct access to the front garden via some stone steps. It has a kitchen with breakfast bar, oven/grill, ceramic hob, integrated fridge and the usual appliances like a toaster, kettle and microwave. There is a utility room on the lower ground floor which has a washer/dryer, sink and extra fridge/freezer.
The other part of the living area has two comfy sofas, freesat TV, a DVD player, iPod dock, board games and wi-fi hub. The living area also has space for the dining table and four chairs which can be stowed neatly away when not in use.
Bedroom one on the top floor (above) has a south facing view to the Llangatock Escarpment, a king sized bed, hand made wardrobe and chest of drawers from Webbs of Crickhowell and an ensuite shower room with heated towel rail, sink and WC. There are views to The Black Mountains from the landing window just outside bedroom one.
Bedroom two (above) is on the lower ground floor. It has a double bed, wardrobe, chest of drawers and an ensuite shower room with heated towel rail, sink and WC.
Above is the ensuite shower room of bedroom one but both ensuites are of a similar style. The hand wash in our bathrooms is supplied by the Myddfai Trading Company.


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health | Fab to Fat and Back!
Moving – My job told me that they wanted me to move to another country. I was excited about the move except it has now been six months and the move hasn’t materialised. I’m not sure if I want to move anymore. I would rather stay where I am and continue to live my life as it is. But, the move has caused a lot of upheaval in my life. I packed and then unpacked, and now I am living in an apartment full of half packed-half opened boxes.
Home – The things on the home front have been in a turmoil for a while. My partner walked out more than a year ago and has not come back. There is a part of me which wants to just do the paperwork and get it over and done. However, there is another part of me which feels, he walked out, he should deal with the crap. I am not interested in dealing with all that crap.
Health, Food and Exercise – there have been many starts and stops. The good news is I haven’t gained any weight. The bad news is that I haven’t lost any. However, the important bit it to stay positive and I am focusing on the fact that I haven’t gained any weight. I need to figure out what to do for the next few months of the year to get back into shape.
Trainer – My lovely trainer has left the country and gone to other places. I miss having her around. She was an excellent person. I also was more focused when she was around. I need to find another trainer.
There are many ugly truths or side effects that very few people talk about. I mean you are getting healthy and fitter so why rain on your parade especially with things that are not so great. Well, mainly because they do impact your life and they make the process harder. It is also possible to reduce their effect.
Few of those things are excess skin, stretch marks and skin discolouration (the last one is huge if you are insulin resistant like me).
It is important to remember that the weight one is trying to lose has accumulated over time. It is important to lose it slowly and steadily. It is probably hardest thing to focus on because you want it all to come off, and come off quickly. But, skin needs time to adapt, to do its thing and shrink. It needs to make the adjustment. It cannot make the adjustment fast enough and will get it wrong if it is doing too much. It needs to catch-up with your over enthusiastic self.
It gets the dead skin cells of your body. It makes the blood vessels in the skin pump more blood and gives it opportunity to build new cells.
And I mean moisturise. Do it two times a day at least. Cover yourself in cream or body butter (better choice) or oil (best choice). I use anything that I can get hand of – drugstore moisturising cream to shea butter to coconut oil. I like coconut oil as it also helps with discoloration of the skin. Put excessive amounts of moisturiser of your choice where the skin has been stressed the most – where is has supported your weight the most, in the creases, around the joints, etc.
If you can, get a massage. A lymphatic massage is awesome because it also helps with drainage of excess fluid but get whatever you can. It helps muscles relax (great for the poor overworked muscles) and it helps the skin. If you cannot go to the spa, do it yourself. It may not be as great or as relaxing as a massage from masseuse but it is better than nothing.
Eat the Papaya (great for digestive system) and rub the inside of the skin on your body. Yes, it is sticky and feels a bit ekeey (sp?) but it is great for the skin. It is especially good for the discoloured areas of your skin. It helps to make it better.
At least once a week I use yogurt and honey rub to wash my body. I don’t know what it does but it definitely makes my skin feel great.
It helps to do these things as one is going through the weight loss process. It is one more thing to do during the weight loss but for me it as important as building muscle and getting rid of fat.
I may not be able to reverse all the damage but as long as I can reduce the damage, I am good. The remaining damage, I will wear with pride as scars of battles fought and won.
I felt 30 day arm challenge was the most effective of the three challenges that I did. I definitely felt the difference in my arms especially my triceps. I am thinking of doing this challenge again after Christmas and New Year.
I added lateral raises, front raises, narrow shoulder press and swimmers to the arm challenge (I know they are all shoulder exercises) but I did them with 2 lb weight and not 8 lb I was using for my arm exercises.
I also did the exercises in reps and as part of circuit without stopping. I would recommend this challenge to others.

industry_corpus2: Health & Medicine


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When my former employer decided to let me go, it didn’t come as a huge surprise.
The writing had been on the wall for the month leading up to it. The guy who had been acting as my supervisor asked me to meet him “to chat.” I opened the office door and the company’s head of HR was sitting next to him to give me my walking papers. I was almost relieved to finally know where I stood.
I shook their hands, thanked them for the opportunity, and booked before any of my now former coworkers could see how overwhelmed I was.
What came next was the most surprising to me. Even though my career track has taken a few more turns than most by my age—including a stint abroad and a couple industry moves by the age of 25—I was always on some a defined path, confident in where my foot would land before taking the next step. Once I was let go, all of that changed.
I didn’t know what to do with myself when I woke up the first morning at 7 a.m. on the dot, just like I did on days I was expected to be in the office.
I wiped the grog from my eyes and realized I had no pressing responsibilities. I could do whatever the hell I wanted! I promptly rolled over and went right back to sleep.
This didn’t mean that I was living in some type of fantasy world with no consequences. It meant that for the first time ever, I had total control of my life, with my own agenda. There was no school or work responsibility. I was confused and conflicted and more than a little freaked out, but for once, I just wanted to sleep in.
Of course, I couldn’t stay in bed forever: even with a severance check coming and savings stashed away, my bills would soon pile up. I had just moved to New York for that job—it had been my big break into writing and media. And in that lies the next lesson: even if you don’t have a definite path in life, you probably have a direction. Find out what that is and then figure out the best way to move toward it.
For me, that meant leveraging any opportunity I could find, no matter how far-fetched. I spent mornings applying to every open job I found, sending blind messages to people in the working world, and shamelessly contacting everyone I had ever interacted with in the industry. I’d break for a midday workout. (Prioritizing time to take care of yourself is lesson number three.) And then, if I was lucky, I’d have a meeting planned. I met with anyone who would talk to me: it didn’t matter who they were, so long as they agreed to give me some advice or maybe a lead.
People were unbelievably helpful. Even if the world seems like a cold and callous place at times, I learned that most of us live by the Golden Rule. If you’re not asking for the world, people will help you—even if it’s just because they’re trying to build up some good karma. No one handed me a job on a silver platter, but no one hesitated to send a quick email to a friend who might know someone, or even meet up to reassure me that my life wasn’t quite in the shambles I felt it was.
Eventually, I received a job offer. I was lucky to find a position, but it took a lot of work too. Perhaps the biggest lesson for me from losing my job is that no matter how stable life seems, it can all change in an instant. And that’s okay: just because you’ve envisioned yourself on a certain path doesn’t mean it’s the one meant for you. We adjust, we move on, and we grow.
Brett Williams is a New York-based writer whose work has also appeared at Supercompressor, Thrillist and AskMen.

industry_corpus2: Literature & Emotions


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Taken from the Sub Pop release, Dear Hamlyn.
Taken from the Modern Love release, Mercury’s Rainbow.
Denver’s Slim Cessna’s Auto Club is a mystery wrapped in an enigmatic riddle, blending all sorts of American song into one heady, weird stew. Cipher was their 2008 release, and is a fine slice of oddness that can only be called Slim Cessna-ish.
This 2008 album by veteran British singer Steve Ellis finds him in fine voice, and shows him to still be a master vocalist.
Listen as the psychedelic choral pop band The Polyphonic Spree go on a nine-minute glam-rock free-for-all on a song from a beloved cult film.

industry_corpus2: Film & Entertainment


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To outsiders, China can seem like an inscrutable paradox. Its cities are shrines to unabashed capitalism and conspicuous consumption, yet the country is ruled rigidly by a communist central government. It has the planet's second-biggest economy, but its per-capita income ranks just 92nd. A burgeoning middle class of 1.3 billion people offers giddy opportunity for companies there, but iffy corporate governance makes investing in China fraught with peril.
Earl Yen knows the terrain well. The 44-year-old American spent a quarter of his life as an investment banker in Asia with Citigroup and Bear Stearns before he started a small private-equity firm, CSV Capital Partners, in 2004 to invest in China. The firm added a small hedge fund after the financial crisis to go after cheap publicly traded stocks.
Today, Yen co-manages both the US$45 million private-equity portfolio and the hedge fund, which has grown with returns to $7 million from $5 million. Since its January 2010 launch, the CSV China Opportunities Fund has accumulated net returns of 31%, versus losses of 27% for the Shanghai Composite Index and 4% for Hong Kong's Hang Seng Index. Barron's sat down recently with Yen in his nondescript office near Shanghai's French Concession district to discuss Chinese stock picks.
Barron's: You're an American citizen and M.I.T. graduate. Why China, and why expand from private into public equities?
Yen: We like the opportunities in China, and I've lived here for 18 years, starting with 6½ years at Bear Stearns doing investment banking with Chinese companies that were going public. When the stock market turned down in 2008 and 2009, we started to see some very interesting value on the public-equity side. There also weren't that many research-oriented, value-driven funds focusing just on China.
Your stock holdings earn almost all their revenue within China, but half are listed in Hong Kong, and another 46% in the U.S. Is that by design?
We're fairly agnostic as to where companies are listed. Historically, the A-share markets [Chinese stocks listed on Chinese markets like Shanghai or Shenzhen and available only to mainland citizens] are more overvalued than Chinese companies listed in Hong Kong or the U.S. That's still the case now. But we don't restrict ourselves just to Hong Kong or U.S. listings.
China's annual GDP growth shrank from 12% in early 2010 to 8.1% last quarter, and stocks here fell 22% last year. Do you see the economy bottoming this year?
I'll leave the macro forecasts to economists. But companies that are domestically focused are doing well. Last year, retail sales were up about 12% in real terms. Big-ticket items like auto sales slowed last quarter, but that's partly due to high oil prices. And real estate is turning around, which bodes well not just for developers but for furnishing companies, for example. More than 90% of our holdings sell to the domestic China market, and we're exposed to sectors like consumer retail, autos, Chinese Internet companies and real estate.
Given tight restrictions on investing overseas, many Chinese end up buying real estate. But home prices fell in April for an eighth straight month, and transaction traffic is down in many of the 40 major cities. Are we seeing a real-estate bubble?
Real estate here isn't very well understood by investors outside China. In the U.S. or Europe, there was a liquidity-driven bubble and not enough genuine underlying demand. But here you have to put down 30% of the appraised value to buy a first home, so there's real cash. Last year, about 20 million people moved from the countryside to cities, and they need to live somewhere, so there's true underlying demand. Prices have come down in certain segments, but that has more to do with government policies than a collapsing bubble.
Yes, Chinese people do tend to buy real estate as a store of wealth. They can't easily take their money offshore, and investing in local stock markets is to invest mostly with state-owned enterprises. But real estate generates a higher yield than what they'd be getting from bank deposits, with rental yields running 4% to 6% and trending higher with home-purchase restrictions imposed by the government.
People read the headlines and see that prices and transaction volumes are down and assume there's a bubble here. But what's really happening is much more limited. The government might have felt that from a public-policy standpoint, it's not such a great thing that residential real estate has become very expensive in certain big cities, so they've implemented home-purchase restrictions in 25 or 30 of these cities. Yet investors have tarred the entire sector with a broad brush. As a result, many real-estate developers are trading at a 50%-to-90% discount to their net asset values.
Government policy has been aimed primarily at residential properties in big cities, so we've found interesting value among less affected developers. One is Shui On Land (ticker: 272.HongKong). It has a strong brand. Only a third of its portfolio is residential; the rest is in offices and retail space, which are doing quite well. Last year, Shui On's revenue increased 73% over 2010's. Yet its shares trade at just eight times 2012 profits.
Another developer we like is Central China Real Estate (832.HongKong). Its portfolio is concentrated in Henan Province, and a high percentage of its projects are in cities unaffected by home-purchase restrictions. Yet its shares trade at 4.1 times 2012 profits, or 0.67 times book value.
Eventually, home-purchase restrictions will be phased out, and there are indications the government is looking into taxation-based policies. Right now, there's no property ownership tax, which is quite different from the U.S. I think having some sort of property tax is probably a rational way of tempering speculation, while helping municipal governments that rely on real estate-based revenue for some income.
What other companies are tarred by the real-estate brush?
We have a large position in one of China's largest furniture companies, Royale Furniture Holdings (1198.HongKong). It's both a manufacturer and retailer; it has about 400 directly owned stores, and thousands of franchises. In China, a lot of furniture is bought at furniture malls, which gather many retailers in one place. One interesting thing about Royale is that it carries very little inventory–you select what you want, it's made to order, and you get it a few weeks later. The market cap is only about HK$1.51 billion [US$194 million]. The stock is very reasonably valued, trading at 5.5 times 2012 profits. They pay a nice dividend of about 5%, and earnings have grown by more than 30% over the past few years. Investors read about home prices coming down in Shanghai or Beijing and they're concerned, but Royale is fundamentally solid, and only 15% of their sales come from cities with purchase restrictions. Besides, I don't think buying new homes and buying new furniture is all that tightly correlated; sometimes, people just get tired of the furniture they already own.
What about consumer brands? Are there any you like?
We like consumer businesses, but finding good value is more challenging because it's been widely recognized–quite correctly–that the consumer space is a good place to be. For example, we follow department stores, but many have become overvalued. Branded-food companies selling milk or pork also are quite expensive.
One consumer segment we're bullish about in the long term is autos. Year-over-year sales grew more than 30% in 2009 and 2010. They slowed last year, but that's a bit distorting, partly because in 2010 the government announced it was phasing out certain incentives, so there was a rush to buy cars before 2011. Higher oil prices probably had some impact, too. But car ownership rates -- at about one car to every 17 people–are still remarkably low by international standards, and even lower outside big cities.
I see many Audis and BMWs here. Will foreign or domestic car makers do better?
The domestic industry is incredibly segmented. Obviously, the really high-end brands are foreign imports or foreign joint ventures, but we're actually more excited about the domestic players. First, domestic partners of foreign joint ventures tend to be state-owned, and some of them may be competently run. But the purely domestic companies are private and tend to be more dynamic, ambitious, and responsive to the market.
One company we like is Great Wall Motor (2333.HongKong). China's car segment is super-competitive, with everyone going after it, but Great Wall has a leading position in low-end SUVs and pickup trucks. A passenger car it launched recently also is doing well. In big cities, wealthy Chinese gravitate toward the high end, and many care more about brand than value. But people in smaller cities or rural areas care more about value than brand.
Great Wall sells a very nice midsize SUV that starts at about RMB 80,000 (roughly US$12,640). Last year, auto stocks fell when Beijing announced a restriction on the number of license plates issued. Then it became apparent that the city of Beijing drives a very small part of sales for domestic car makers, including Great Wall. And the company is exporting to Australia, Southeast Asia, and the Middle East.
Is there really a demand for China-made cars outside China? The consumer reviews are getting better, and Chinese car makers have improved their safety ratings. Just as the Koreans are catching up to the Americans and Japanese, I think you could see a replay of that with Chinese cars.
Is there a ticking time bomb in bank loans?
Over 90% of our portfolio is in the private sector, whereas big banks are largely state-owned, so we aren't that active in banks. But from what I can see, banks are quite prudent on mortgage loans, for example, with the percentages (of prices) they'll lend. I remember when I got a car loan in 2003 and was shocked they didn't do a credit check at all, but now they've become much more sophisticated about consumer lending.
My sense is that banks are much more commercial and credit-focused, but they still have a very strong bias toward state-owned enterprises or private companies that have lots of real estate that can be pledged. So, I don't think you'll see a situation where banks have over-lent.
China's working population will start to shrink around 2015, and the over-60 age group reportedly will swell from 165 million in 2010 to 440 million by 2050. Which companies benefit from a graying China?
Here, the more interesting opportunities are on the private-equity side, with, for example, medical-device and equipment companies that are engineering cheaper products and developing a strong foothold in emerging markets. But many of these companies aren't yet public, and those that are tend to be overvalued, relative to their growth prospects. Health care is another sector we like in principle, but we just aren't as excited about individual companies.
Your hedge fund gained 3.5% last year even as Chinese stocks fell into a bear market, so some of your short bets must have worked out well. Which companies still look overvalued after the correction?
We have fewer short positions now, but our largest is Hong Kong Exchanges & Clearing (388.HongKong), which operates the Hong Kong Stock Exchange. Yes, it's a blue-chip stock and a very well-run company. But it's trading at more than 23 times 2011 earnings -- for a company whose earnings are projected to grow in the single digits. People see them as the only game in town, the major place where Chinese companies looking to raise overseas capital would list. But trading volume fluctuates, and there are companies growing faster that trade for less.
Longer-term, there's also a question mark. The government is moving with baby steps to make the yuan more convertible, and it'll be interesting to see if domestic exchanges eventually play a more important role with Chinese companies looking to raise capital. Already, companies with dual listings in China and Hong Kong often see higher valuations in the domestic market.
We had more "fraud-based" short positions last year where we thought the accounting was questionable, but those have become more played out now.
In fact, scandals about corporate-governance and reverse mergers have resulted in some very compelling valuations among micro-cap U.S.-listed Chinese companies. Mind you, a lot of these are deservedly cheap, but there are some that are unfairly penalized.
For example, we follow a company called China TechFaith (CNTF). It started out as a designer of smartphones and mobile handsets that went public in 2005 on Nasdaq, and not through a reverse merger. It ran into problems, lost money during some quarters around the recession, but is now developing some interesting niche products. It has also accumulated quite a bit of cash, both through public offerings and earnings, and has gone into the business of developing industrial parks.
Whoa. That's very different from making phones.
Yes, and that can be hard for U.S. investors to understand. But many municipalities here want to encourage migration into more value-added or knowledge-based industries. So certain companies involved in engineering or technology that have good relationships with local government can get tracts of land at very low prices. What's appealing is that China TechFaith has a market cap of $52 million, but it has $250 million in cash. The handset operations are profitable. The market has been pushing -- or hoping -- it'll buy back shares or pay a big special dividend, but the founder instead has been allocating cash to industrial parks.
This is where U.S. and Chinese investors have a different mentality: U.S. investors like companies to focus, focus, focus, whereas Chinese companies' strategy sometimes is to grab, grab, grab. But that can make sense if a company has technology expertise and can use that competitive advantage to get land that they develop for use by themselves or other tech companies.
What's your view of widely held U.S.-listed Chinese Internet companies?
We've observed that Internet stocks with a very familiar U.S. model tend to be overvalued -- for example, if you can describe a company as the Amazon or Google of China. Whereas equally solid companies that have very China-specific models are far less so. One such company is SouFun Holdings (SFUN), an online real-estate portal. While U.S. real-estate listings tend to be more localized or segmented, SouFun truly is a dominant nationwide site in China for all things real estate.
And yes, the Chinese do go online to look for real estate, and SouFun makes money from people listing their homes, from brokerages and increasingly from property developers. Historically, developers allocate a tiny portion of their budget to online ads, but that's changing. SouFun's profits are growing, and its shares trade at just eight times 2012 profits.
Overall, between the corporate-governance scandals and the headlines about the slowing Chinese economy, there are a lot of negative factors weighing on investors' minds.
Yes, there's a leadership transition this year, but I think that's a nonevent. So maybe the economy isn't growing in double digits, but 8% isn't so bad, and many domestic companies are pretty healthy. Yet the Hang Seng is trading below 10 times earnings, which is low historically and low compared with other markets. That's why our fund has many more long positions right now.
To outsiders, China can seem like an inscrutable paradox.


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The 18th international Wheelset Congress (hereinafter referred to as IWC) will be held in Chengdu China on 7 to 11 November 2016, and is hosted by Union of European Railway Industries (UNIFE) and European Railway Wheelset Association (ERWA), organized by Southwest Jiaotong University and co-organized by Chengdu Lead Science & Technology Co.. IWC was founded by Lucchini in 1963, and has been held every third year in Europe, America, Europe, Africa or Middle East or Australia, Europe, Asia according to a rotational rule. Welcome all contribution of articles from the international rail community such as rail operators, equipment builders, component suppliers, academia, and government, regulatory and standards organizations.
1. The contributions have to not be officially published in other academic conferences or journals. English being the conference language, papers should be submitted and presented in English. Translation into other languages will not be provided.
2. All abstracts and full papers have to be formatted according to the template (please see the download area), and will be accepted by electronic submission (only word or PDF), click here for submission.
3. Register more than one paper is provided.
4. Please note: Accepted abstracts will be published in the book of abstracts or website, and full papers will be recorded on the disk/memory stick as memory. By submitting the abstracts authors please confirm their consent to all or part of the publication in the conference proceedings, as well as partial or complete use of the title, text, and the authors' names in the Congress marketing materials (website, brochures, newsletters, etc.).
5. If there are some problems about paper or abstract submission, please contact with us by email to paper_info@iwc2016.com.


text:
The STEM Academy provides the highest quality of science education, scholarly research, and technical expertise to the people and industries of the United States.
The certificate program in New Media Technology provides students with a broad understanding of Internet-based technologies for the design, development, maintenance, and support of such digital media as hyperlinked texts, static and moving imagery, audio, video, and multiple interfaces of these media. For those seeking immediate employment in a burgeoning field or for professionals currently in the field who wish to enhance job skills, the certificate program offers training and education for students with varied interests, backgrounds, and preparation. Using an integrated, interdisciplinary approach, the program combines instruction in technology, art, and writing, providing valuable skills in communication, programming, database and e-commerce, artistic layout and design, and animation.
1 Based on Math placement, students may take MA-114, MA-119, MA-440 or MA-441 in place of MA-321.


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On tonight’s edition of WGN Nightside, Elysabeth Alfano welcomes Kay Stepkin, founder of the National Vegetarian Museum, to discuss the importance of knowing the history of Chicago’s vegetarianism and what influenced her to open the museum.
Elysabeth is then joined by the owner of the Seattle based restaurant, No Bones Beach Club, MacKenzie DeVito, as she is preparing to open the next location in Chicago! MacKenzie explains why she chose Chicago, the city’s receptiveness to the Vegan restaurant, and much more.
Lastly, Stephanie Domingo, Chicago director of Factory Farming Awareness Coalition (FFAC), joins Elysabeth in studio to talk about the work of the FFAC, the many issues that their presentations touch on, and some of the effects farming factories have on employees, the environment, and animals.

industry_corpus2: Agriculture & Fisheries


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Hey, Jonathan here - welcome to my virtual home.
I lived mostly abroad for the last 12 years… and since you probably wish to put me in categories, I'm quite often an expat, a pedestrian, a vegetarian, a creative, a movement enthusiast and a the-world-is-gonna-get-better-soon-but-get-ready believer.
to earn a living remotely.
If you're looking for more freedom and more sense to your life, I write about vocation guidance, with a futurist and spiritual twist.


text: If you've been wanting to find a parcel of land on which to build or set a mobile home, look no further! This 3.38 acres m/l already has water, electric and fencing in place. A good blend of open land and trees, slightly rolling terrain, and dead-end road, make this a nice place to live. It is in Fairview elementary-middle school, and choice of West Plains or Dora high school.


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About two and a half months ago in Hanover, I caught royal wedding fever. With another royal wedding looming on the horizon, I decided to make it a long weekend trip to Würzburg and the neighbouring Odenwald region in the southern part of Germany to see a few castles - more on those in the weeks to come - and the wedding of Ferdinand of Leiningen and Viktoria Luise of Prussia. Hereditary Prince Ferdinand is the oldest son of the Prince of Leiningen, Andreas, and his wife Alexandra, née Princess of Hannover, while Princess Viktoria Luise is the only daughter of the late Prince Friedrich Wilhelm of Prussia and his second wife Ehrengard, née von Reden. So it was quite a big royal wedding in the small town of Amorbach.
In order to get a good spot, arriving early to a royal event is key. While the wedding was supposed to start at 11am, I arrived to the square in front of the stunning baroque church of the Princely Amorbach Abbey roughly shortly before 8am. I was joined for the great wait by Stefan of Royal Travel and Events as well as other royal watchers and a few photographers. Soon some barriers were put up and we wondered where we would be able to stand. Us arriving so early must have impressed the people handling the press for the princely family as we were allowed to stand in the press section thus getting an amazing spot to see all the guests arriving.
Flash forward about two hours, the first ones to arrive were Prince Christian and Prince Philipp of Prussia, the twin sons of Prince Adalbert. I actually saw one of them going in one of the shops surrounding the square before they made their way to the church. Turns out they served as ushers for the wedding guests, as did Prince Christian Ludwig of Prussia, who was one of the next ones to arrive. He is the son of Prince Christian-Sigismund and thus cousin of the bride.
After all the guests had arrived - see here, here, here and here for my pictures - a small bus stopped further up the road and it turned out that it was much of the wedding party, save for the bride. Hereditary Prince Ferdinand let the cortege together with his mother. He was joined by his father and mother-in-law as well as his siblings, siblings-in-law, the Prince and Princess of Prussia, and the witnesses as well as the bridal children. The witnesses were Countess Margherita of Arco-Zinneberg, Princess Olga of Leiningen, Princess Dorothea of Ysenburg und Büdingen, Prince Otto of Castell-Rüdenhausen, Cédris Frère and Hubertus von Wedel. The bridal children included three Prussian princes, three Erbach-Fürstenaus and an Oldenburg. As Princess Sophie of Prussia asked the evening before that no pictures of her sons, who were page boys, would be taken, I decided not to share any of them from the wedding day either.
After the groom and the others made their way into the church, the bride arrived shortly after 11am. After she got out of the car, Princess Viktoria Luise kindly turned around and gave everyone a big smile matching the sparkle of the stunning Prussian Meander Kokoshnik Tiara she wore. It is the same tiara her grandmother Grand Duchess Kira of Russia wore on her wedding days to Prince Louis Ferdinand of Prussia. Some say that the tiara was too big for the bride, but I would contest that - cause can a tiara really be too big? Go big or go home, I say!
Subsequently, the bride and her older brother, who walked her down the aisle, walked the steps up to the abbey's church. They also took the time to turn around once more before they arrived at the church's doors to give a quick wave to the crowd. The doors opened and they made their way in to Wagner's Bridal Chorus from Lohengrin, if I recall correctly.
An hour and about 15 minutes later, the doors opened again and the bridal couple left the church to the Prince of Denmark's March by Jeremiah Clarke. They walked towards the balustrade waving to the onlookers who had gathered. They were quickly joined by the groom's parents as well as the bride's mother and her younger brother Prince Joachim. Then came the (first) wedding kiss and I tell you, it's not as easy to capture them as it looks on photos. As it turned out, I actually missed the kissed on camera but luckily there was another one to come later on.
The new Hereditary Prince and Hereditary Princess of Leiningen then made their way down the stairs and posed for another picture before being joined by their whole families and witnesses for a group shot. Many of the other guests also stood on the church's steps to see the couple off. I recall a moment when Princess Viktoria Luise exclaimed that someone was standing on her veil and in my pictures it looks as if five people are simultaneously trying to sort her veil - it's sometimes tricky being a bride and wearing a gorgeous gown.
After a few minutes, a carriage drawn by two horses came down the street and the couple got into it. There I took my funniest shot of the day that looks like the Hereditary Princess is shoving her bouquet of flowers in her husband's face. Speaking of shots: I also got another shot at the wedding kiss and a good shot I did take as the couple briefly kissed for a second time. The newlyweds both seemed very sweet and delightful. Then the carriage drove off bringing the couple probably to take private pictures and then to the reception. Their guests either went to the reception by bus and car or simply walked the short distance.

industry_corpus2: Travel & Geography


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If you're a mom like me, I've already signed both kids up for a couple of summer reading programs. These are great ways to keep kids reading all summer long. But again, if you're like me, you find it hard to find books to grab right off the shelf while kids are hanging on your legs, talking too loudly, and attempting to tear pages out of books at the library.
I almost thought about linking you to each book online and then realized how much time that would take!! Here's the deal, if you want a great book online and a great price, I don't think you can do better than Amazon. Or, as mentioned above, just head on over to the library and let your tax dollars do the work.
Thanks to everyone for the great feedback! Feel free to share more suggestions here.