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Eye of Experience #63: Confession Time
Admit it: You've done some stupid things while flying, haven't you? We all have, and it is always better to learn from someone else's stupid mistakes than to make even more of our own. AVweb's Howard Fried has told us about a lot of things others have done wrong -- now it's time for him to confess his own.
I'm sure that I'm not alone. All of us, at one time or another, do something stupid. There are no doubt a great many dumb things that I've managed to do in my more than seven decades of life, but as an aviator, two particularly stupid and dangerous events stand out.
Towing the Line
Several years ago the flight school that I owned and operated offered glider training, and from time to time I was called upon to fly the tug (tow plane). Our system was quite simple. We would tow the glider to the required altitude (usually 2000 or 3000 feet AGL attempting to find lift in the form of a thermal in which to release the glider) at which time the glider would release, break right, and climb, while the tow plane would break left and dive. The tug would then return, with the tow rope (a 200-foot braided nylon cord) still attached. The tow plane would make one pass over the sod strip, release the tow rope (hopefully lined up for the next glider), make a circuit of the field, and land. After taxiing up to the end of the rope, which would already be hooked to the next glider, we'd go again. As the tow pilots became more skillful, they could drop the rope at exactly the right place to be hooked to the next glider, so when they came back and taxied up to the other end of the rope, they were ready to go again. Thus we could get in from six to 10 tows to the hour.
Very Boring
You can only imagine how utterly boring it is to spend several hours (other than being jerked around by an incompetent student on the back end of the rope) going up, down, up, down, up, down, taxi over for fuel, then more of the up, down, up, down, up, down activity. The only break was the quick taxi over for fuel (we towed with half-tanks, to keep the tow plane as light as possible). A guy could go nuts with the sheer boredom of this activity.
We were using at that time a Citabria 7KCAB for a tug. This is a fully aerobatic airplane with both an inverted fuel system and an inverted oil system, which enables it to remain inverted for more than a few seconds. In fact, this was the airplane we had on our aerobatic training curriculum.
I suppose that everyone at one time or another suffers brain fade and does something incredibly stupid, but it would be hard to match what I did one beautiful spring day in Michigan while towing gliders. The weather was near perfect for soaring -- a few puffy, white cumulus, and lots of thermal activity. After being bored nearly out of my mind with up, down, up, down, when the glider released and broke right climbing, I broke left and dove. I was about 3000 feet AGL, and glancing down at the airspeed indicator, I noticed that it was at the exact entry speed for a loop. So I honked back on the stick, checked a wingtip against the horizon, and executed a perfect loop.
The tow plane was equipped with a mirror, mounted above the windshield so the tow pilot could observe the glider while on tow. On the backside of the loop, I glanced at the mirror and was horrified to see the 200-foot tow rope following me through the loop! In the euphoria of that lovely day I had completely forgotten that it was still attached to my airplane. Had the maneuver been anything less than a perfectly executed loop, that rope might have come down and damaged a wing, or, worse, hit the prop, or the skylight of the Citabria.
Just how dumb can one guy get? The next episode of idiocy on my part is at least as bad.
The Hangar Door and the Tail
Many years ago we trained a man at my flight school, an extremely nice gentleman, who was absolutely unconscious. He walked around with his feet four feet off the ground and his head somewhere up in the cloudy fields of abstraction. However, he did meet the standard, and in due course was certified as a private pilot. He then went right out and bought a PA 32-260 (a Cherokee Six). Because of his absent-mindedness, I worried about him every time I knew he was out flying. The saving factor was that his wife had also trained for her private certificate and usually accompanied him when he flew, so this relieved my concern somewhat.
As an example of his proficiency (or lack thereof), on one occasion, returning from a business trip to Iowa, at night, and having filed IFR (without being rated to do so), he decided to land at MDW (Chicago Midway). On final, he discovered that about half the runway lights were obscured in snow banks from the plowing of the runway, so he aborted the approach and went to Milwaukee, where he landed at General Mitchell Airport. What I mean is, he sort of landed. At the threshold there was quite a snow bank from *that* runway being plowed. He hit the snow bank, wiping out his landing gear and turning his airplane into a sled. It skidded across the airport, finally coming to rest, with no injuries, but quite a bit of damage to the airplane.
His next little lapse (brain fade) led to my dumbest trick with an airplane (even worse that the tow-rope incident).
Extreme Stupidity
This nice but absent-minded gentleman kept his Cherokee Six in a T-hangar with a bi-fold door, and one day while pulling the airplane out with a power tow-bar, you guessed it, he caught the vertical stabilizer on the not-quite-open hangar door, putting a substantial kink in it and bending back the tip of the rudder. At that time we were operating two flight schools under two separate certificates: one at an extremely active general aviation airport where the airplane was hangared, and one at a small country-store-type airport about a dozen miles away. That airport was also owned by the county, but we had the contract to run it, and that's where our maintenance facility was located. So I called the Friendly Feds (the local FSDO -- Flight Standards District Office) and requested a ferry permit to fly the damaged airplane over to get it repaired. The nice people at the FAA mailed me the requested ferry permit.
I've flown a lot of airplanes on ferry permits, and let me tell you, when I do this, I do an extra careful preflight walk-around inspection, and I fly the thing very carefully -- no sudden moves or violent maneuvering. Thus, after the preflight inspection, I carefully flew the damaged airplane over to get it fixed. The air was perfectly calm, the brief trip went smoothly, and the landing was feather light. On the roll-out I glanced back through that long cabin and was shocked at what I saw: The entire rear end of the airplane, from the back baggage compartment bulkhead rearward, was flapping up and down over at least a foot of travel! The back of the airplane was broken and all that was holding the thing together was the skin and control cables. All the longerons were broken from that point rearward!
Just how lucky can one guy get? If that short flight had been anything but super-smooth, the entire rear end of the airplane might well have come apart. How did I miss noticing how badly damaged the airplane really was when I did the preflight? I don't know, but I do know that if I had been more vigorous in shaking the horizontal stabilizer (really a one-piece stabilator), I would probably discovered the true extent of damage.
I have relived in my mind both of these two incidents over and over again. These acts of sheer stupidity on my part have made me an infinitely more careful pilot, a guy who puts his brain in gear before acting. Obviously I was lucky in both these instances (skill had nothing to do with it). But how long can one go on being lucky? The lesson I learned from the incident of the airplane with the broken back is similar to the lesson learned by the persistent scud-runner who finally scares himself and goes out and gets an instrument rating.
I once knew an individual who had been happily flying VFR for several years. However, he often ventured forth in marginal weather, resulting in frequent episodes of scud running. One day as he returned to his home base, he was flying so low that, in order to stay under the solid overcast, he had to duck under the wires crossing the road at the threshold of the runway. That's when he decided to get himself rated.
In promoting this column we have stated that we learn by experience, and experience comes from mistakes. Well, when we can learn from the mistakes of others we're a lot better off than if we make the mistakes ourselves. It is a lot easier to learn from the experience of others -- there's simply no way we can make all the mistakes ourselves. That's why I write this column -- to share the experiences of others, and in this case, my own stupid experiences.


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Press Release
Dynamite Entertainment is proud to announce that Grimm comic books and graphic novels, set in the world of the acclaimed NBC series, will hit stores in 2013! The Grimm comic books and graphic novels are licensed through NBCUniversal Television Consumer Products.
In Grimm, Homicide Detective Nick Burkhardt of the Portland Police Bureau learns he is descended from a line of "guardians" known as "Grimms," charged with keeping balance between humanity and the mythological creatures called "Wesen." Throughout the episodes, he must battle against an assortment of dangerous creatures, with help from his friend Monroe (who is a reformed creature), and his partner Detective Hank Griffin.
"The opportunity to delve even deeper into the Grimm universe is an exciting prospect. One we hope fans of the show and comic books in general will equally enjoy." said Executive Producers David Greenwalt and Jim Kouf. "The medium will allow the story to go places we never could within the constraints of a television production. It's pretty cool."
"Grimm's blend of humor and horror make it an ideal series to work on with our longtime partners at Dynamite, who have a knack for this kind of storytelling." said Chris Lucero, Director of Licensing for NBCUniversal Television Consumer Products. "We look forward to exploring the series' deep mythology; telling exciting tales that will broaden the Grimm universe for fans, everywhere."
"Grimm is one of the hottest new genre shows on TV. We had asked NBC numerous times since Season One about licensing this great TV show as a Dynamite comic. They weren't ready to license in the first year, as they were still building the mythology. The second they opened up the license for proposals we offered an aggressive creative, financial, and marketing plan. Fans of the TV show will enjoy what we have in store and how the comics will complement the TV series." – States Dynamite President Nick Barrucci
"Grimm" launched its second season on Monday, August 13, and generated a 2.0 rating and 5.6 million viewers overall, with the second-highest 18-49 rating ever for "Grimm" and the show's biggest overall audience since January 20. Then "Grimm" returned to its regular Friday time period on September 28 and captured a 1.6 rating and 5.3 million viewers overall – the show's biggest overall audience on a Friday since January 20.
Look for more information regarding Dynamite's Grimm comic book soon!
Join the conversation on Dynamite Entertainment's twitter page at http://twitter.com/DynamiteComics
To find a comic shop near you, call 1-888-comicbook or visit www.comicshoplocator.com
About Dynamite Entertainment:
DYNAMITE ENTERTAINMENT was founded in 2004 and is home to several best-selling comic book titles and properties, including The Boys, The Shadow, Vampirella, Warlord of Mars, Bionic Man, Game of Thrones and more!
Dynamite owns and controls an extensive library with over 3,000 characters (which includes the Harris Comics and Chaos Comics properties), such as Vampirella, Pantha, Evil Ernie, Smiley the Psychotic Button, Chastity, Purgatori, and Peter Cannon: Thunderbolt.
In addition to their critically-acclaimed titles and best selling comics, Dynamite works with some of the most high profile creators in comics and entertainment, including Kevin Smith, Alex Ross, John Cassaday, Garth Ennis, Jae Lee, Marc Guggenheim, Mike Carey, Jim Krueger, Greg Pak, Brett Matthews, Matt Wagner and a host of up and coming new talent!
DYNAMITE is consistently ranked in the upper tiers of comic book publishers and several of their titles – including Alex Ross and Jim Krueger's PROJECT SUPERPOWERS – have debuted in the Top Ten lists produced by Diamond Comics Distributors. In 2005 Diamond awarded the company a GEM award for Best New Publisher and another GEM in 2006 for Comics Publisher of the Year (under 5%) and again in 2011. The company has also been nominated for and won several industry awards, including the prestigious Harvey and Eisner Awards.
About NBCUniversal Television Consumer Products Group
NBCUniversal is a leader in providing entertainment programming to the domestic and international marketplaces. NBCUniversal Television Consumer Products Group manages all global ancillary television business endeavors for the NBCUniversal Television Group, including third-party home entertainment distribution, consumer products, musical soundtracks, special markets projects and the NBCUniversal Online Store. For the latest product updates and an overview of the properties managed by the group, visit the NBCUniversal Television Consumer Products portal at http://nbcuconsumerproducts.com.


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Building A 427 For Today's World
Building A 427 For Today's World
Corvettes have always been known for performance and, by virtue of someof the famed powerplants of the past, the classic Corvette mystique hasbecome legendary. Looking back to its history, perhaps no enginecombination was more responsible for that legendary status than the MarkIV big-block. The Chevy big-block, as it's known today, was introducedto the public via the Corvette model line, initially as a 396-cidpowerplant in 1965, and growing to 427 cubes in 1966. The 427-inchCorvettes set the performance high-water mark for a generation, and thatstoried past is relived today in the cult status of collectability theseoriginal vehicles retain.
There were many variations on the 427 big-block Corvette theme, with thedesignation of the engine's RPO option codes filling out the lexicon inCorvette circles. Two versions of the 427 debuted in the Corvette lineupfor 1966, with the "mild" hydraulic-cammed 10.25:1 compression L-36rated at 390, breathing through oval port heads. The more seriouspowerplant that year was the 11:1 compression, Holleyfour-barrel-equipped, 425-horse L72. This engine featured
Chevrolet's massive, high-flowing rectangular-port heads, a solid-liftercamshaft, and a bulletproof bottom end containing a forged crankshaftvia a four-bolt main-cap design. The raw performance of these big-blockCorvettes made a dramatic impact in the automotive world, and the 427Corvette legend was born.
Choices in 427 big-blocks were expanded in 1967, with three newTri-power engines adorned with an induction consisting of a trio ofHolley two-barrel carburetors. The milder 400hp L-68 was based on theL-36 engine, while the 435hp L71 otherwise shared specs with the L72 ofthe previous year. Closing out the ranks of the Tri-power 427s was theL89, which was essentially an L71 with an aluminum version of thelarge-port rectangular heads. The top-dog 427 was the legendary,underrated, 430hp L88. It was designed as a racing powerplant, with aserious 12.5:1 compression ratio, an 850-cfm Holley carb, dramaticallybeefed internals, and aluminum heads. For 1968, the big-block optionswere unchanged, but in 1969, an addition was made to the lineup, whichconstitutes the Holy Grail of 427-cube Corvettes: the exotic ZL1all-aluminum big-block. Exotic it may be, but don't expect to find onesitting under a tarp, as factory production was little more thanone-off.
For 1970, the 454 replaced the 427 as Corvette's big-block offering,putting an end to the period recognized by the mystique of thiscelebrated powerplant.
Our Build
For many in our hobby, building up an original 427 powerplantfor an original big-block Corvette comes with a duty to the historicalsignificance of these machines. Rebuilding any engine necessitatesdeviations from originality to some extent, as by definition an engineis original only once, and that was when it was assembled on the GMline. New replacement parts such as rings, bearings, and gaskets have tobe included, and once the factory seal is broken, where to draw the lineon originality becomes an individual's choice. From a power productionstandpoint, nearly four decades of development on the popular big-blockChevy has advanced the potential of these engines tremendously, however,the price of this allure is paid in the cost to originality.
Our subject is an original '66 vintage 425hp L72 427, the property ofCorvette collector Rick Stoner, who values the historical significanceof these special machines. Rick is the proprietor of Westech PerformanceGroup, a dyno facility with expertise in building extremely powerfulbig-block Chevys. However, he approached this buildup with definedobjectives. The engine would be essentially stock to preserve thepedigree of his rare and classic Corvette.
Rick's intent was to retain the original look, flavor, and feel of hisclassic big-block Corvette and, for him, this ruled out suchostentatious modifications as tube headers, aftermarket induction, oraftermarket high-flow aluminum heads. Rick relates, "If I put onheaders, a giant cam, trick heads, it's not anything like the cars wereoriginally. If I did all that, why not just stroke and bore it . . .then I might as well build an 800hp monster with an aftermarket block."Rick continues, "At some point, all of the engine's originality is lost,then you have to think about the point of having an originalnumbers-matching big-block car." We find it hard to discern fault inthat logic. Rick's approach did, however, leave some flexibility in theselection of upgraded or modified components within the build, with theobjectives of reliability, driveability, and performance.
To meet these goals, some changes to the pure stock combination weredeemed acceptable. As Rick puts it, "You're always going to be changingparts in a rebuild, and if a modern Competition Cams version of thestock cam gives me a similar feel, sound, and vibe to the original, butwith more power and rpm, I'll take that upgrade. The cam isn't making apermanent alteration to the engine, and it's pretty transparent when inthere; it just works better. If a better aftermarket Comp valvetrainwill add engine reliability and performance, I'll take a seat at thetable for that--deal me in.
Cam Specs
There is little doubt that our unexpectedly strong power numbers were adirect result of the special Competition Cams CB Nostalgia LS-6+ cam.The specs for this solid flat-tappet cam are enough to suggest the powerpotential of the hot solid-lifter grind. Specifications measure out withduration at 0.050 inch of 239/246 degrees, and a base advertisedduration of 276/283 degrees measured at 0.015-inch tappet rise. Grossvalve lift measures a lofty 0.544/0.539 inch on the intake and exhaustlobes, respectively, while the valve lash is kept to a tight 0.012 inch.The lobe separation is ground at 112 degrees.Comparing these specs to the stock L72 cam gives some insight into theadditional performance potential, though some of the subtle advancementsin cam technology and design cannot be read off a spec sheet. Thefactory cam came through with an advertised duration of 306 degrees, andmeasured 242 degrees at 0.050-inch tappet rise, with a gross lift of0.520 inch; however, the lash was much greater at 0.020/0.024 inch.While both grinds seem similarly serious by the specs, the modern Compgrind reaches higher lifts faster by virtue of a higher-intensity lobedesign, and therefore provides more area under the lift curve for betterbreathing and power.
"I'll blueprint the bottom end and have Steve Brule (Westech's enginebuilder and dyno operator) assemble it like a race engine, checkingclearances, making sure everything is at the best specs for a balance ofpower and reliability. I'll file-fit and gap the rings for a bettercombustion seal than stock and I'll use modern forged pistons withcoated skirts. All this stuff was never done from the factory, but we'rejust optimizing the assembly and making sensible upgrades where theoriginal parts are going to have to be replaced in a rebuild, like inthe pistons, rings, and cam. All of these changes add up to performanceand reliability through higher quality in the build, instead of makingbig changes to the engine's original combination."
While the subtle changes identified so far are aimed at performance andlong-term reliability, there were other aspects of the build: Some ofthe factory specifications were backed out in favor of improved utilityand driveability in today's world. The primary factor is compressionratio. The factory-rated ratio of the L72 squeezed to a proportion of11:1, which was just right when you could pull up to the pump and askthe attendant to fill it up with ethyl, with an octane rating of100-plus waiting to splash out of the nozzle. These days, you'll grabfor the hose yourself, and here in California it's pumping from a poolof 91-octane unleaded premium. Rick says, "I want to just get in, fillit up on the road, and go--just like in the old days. I don't want totoss in a jigger of booster, mix up a concoction of higher-octane swill,or worry about where to find gas to make this thing go. I'd rather justback some of the compression ratio out, and that will cost some power,but with the other changes I should have that more than covered."
Piston dome and chamber volumes are the key contributors to compressionratio with a given engine combo, and here the obvious choice to dial inthe ratio was to select the appropriate piston. Rick explains, "Theseearlier 427s used closed-chamber heads that measure around 100 cc stock,and I wasn't going to consider anything but the numbers-correct heads.With the small early chamber, the trick is to use a smaller dome to cutdown on the compression ratio. For this build, I used a set of Speed-Proforged pistons (PN 2300), which have a dome volume of 16.8 cc. We foundwhen building the engine that the valve-to-piston clearance on theintake side was not enough, and had the piston's valve relief notchesfly cut 0.080-inch deeper to give a safe clearance. This reduced thedome volume another couple of cc's, down to 14. With the pistons fittingat 0.005 inch below the decks, and a 0.051-inch-thick head gasket, thefinal ratio in my engine worked out to 9.86:1. That's the truecompression ratio, and it's still high enough to make good power, but isa lot safer with today's gas and iron heads."
The cylinder heads offered some opportunity for improved power, and alsorequired a few mods for longevity. Although porting the stock headswould be a possibility, Rick decided he wanted to keep these rarefactory castings stock and limit the flow enhancement to a good,machined, multi-angle valve job. According to Rick, "The valve job was aplace where I wanted the best workmanship possible, since machining theseats is a basic part of the rebuild. I didn't skimp here, because thereis a power difference in how well the job is done. I didn't want anyonecarving on these rare stock heads with custom porting, even though itwould have made more power. It just doesn't make sense to me to cut onsomething this rare and expensive. I did have hardened exhaust-valveseats installed when the heads were rebuilt, since the seats werehammered and the no-lead gas meant they'd always be in line for abeating. The hardened seats just add durability, and I didn't wantproblems down the road. The valves were replaced with a newhigh-performance stainless steel set (2.190/1.88 inch) from CompetitionCams. The new valves improve flow and durability compared to theoriginals. I just went to Comp Cams for the works to assemble the heads,from the valves to the springs, locks, retainers and guideplates. I knowfrom experience that this stuff is bulletproof."
The engine build wouldretain all of the major external cues that signify this as a stock earlyCorvette big-block. The factory high-rise aluminum intake manifold wouldsit between the heads, drawing air from the factory list No. 3247 Holley780-cfm vacuum secondary carburetor. To ensure that the vintage carbfunctioned like a fine artifact, Sean Murphy Induction of HuntingtonBeach, California, was called upon to fully rebuild and restore thepiece. On the opposite end of the heads, the factory iron exhaustmanifolds were retained, again to impart an appearance of originality inthis installation.
Power Test
In 1966, the stock L72 big-block was rated at 425 hp. We hada mildly revised version of this engine, essentially using all stockmajor components with about one point less compression, but with a moremodern cam profile, an upgraded valve job, and top-notch machining,assembly techniques, and replacement parts. How would the variouschanges balance out in terms of the power at the crank? Naturally, thecrew at Westech had a dyno test in mind for this in-house project, andwe were eager for the results. The engine was loaded onto Westech'sSuperFlow 901 engine dyno to determine the answer. The engine wasinstalled with a belt-driven water-pump setup, and the head pipes thatwill be installed in the car were bolted to the manifold exits. The onecompromise to originality was the installation of a modern MSDdistributor in place of the factory ignition. This substitution wasrequired since the original distributor was out for restoration andwasn't available in time for the scheduled test day. Experience hasshown there is little difference in output between these ignitions iffunctioning properly. A set of MSD plug wires was installed to directthe spark to the fresh spark plugs.
Since this was a new engine combination, there was more to do thansimply fire it up, pull the handle, and record the power curve. Theengine was first filled with conventional 10W-40 motor oil, and thelubrication system was thoroughly primed using a priming shaft driven bya drill motor through the distributor hole. Next, the engine wasstatically timed with the engine off, and the fuel system was checked,baselining the mixture screws at 11/2 turns out from lightly seated. Thefloat levels were checked and adjusted, with the fuel supplied by thedyno's electric pump. With the preliminaries out of the way, theignition was hit, and Rick's 427 fired instantly. With a flat-tappetcamshaft, break-in was critical to avoid cam failure. The engine wasimmediately brought up to 2,300 rpm, and the oil pressure and fuelmixture were verified on the dyno's instruments. With everything lookinggood, the timing was adjusted to establish 34 degrees of total ignitionadvance, and the engine was run for 20 minutes to complete theSuperFlow's automated break-in cycle. Dyno operator Steve Brule examinedthe running engine with a mechanic's stethoscope to listen for anyunusual internal sounds or valvetrain maladies. With everything lookingand sounding great, the engine was shut down, the valve adjustment waschecked and reset, and the oil was changed to Lucas synthetic.
Finally, we were ready for the testing. The engine was brought up for ashort sweep test, running from 3,500 to 4,500 rpm to get a quick gaugeof the wide-open-throttle mixture. The dyno instruments showed that theHolley carb's jetting was a little outside the zone, recording a leanmixture. The dyno pull also showed that this 427 was a truly torqueybeast, powering over 450 lb-ft of torque right from 3,500 rpm andholding nearly flat to the top at 4,500. With minor re-jetting,everything proved dialed in, so we opened up for a sweep test over abroader range, extending the dyno controls to pull to just over 6,000rpm. This time we recorded a peak power output of 451 hp at 5,900 rpm.Even with the lower compression in deference to today's pump gas, theengine was recording higher output than the factory gross rating of 425hp. The real credit goes to the Comp Cams camshaft and valvetrain, aswell as the detailed prep and assembly. The mild Rat really liked torev, holding its torque production high enough in the rpm range toregister a nice, lofty power peak. The 427s were known to rev, and thisone seemed to confirm that reputation, making horsepower right past themagic 6,000-rpm range.
With the recorded data making us feel secure that the air/fuel ratio wasright in the optimal range, additional tuning would be limited to makingseveral pulls in an ignition timing loop to determine the optimal totalspark timing setting. We proceeded and found the big-block to favor 36degrees of total timing, which isn't unusual for a Chevy Rat. The finalbest power figure came in at a surprisingly solid 455 hp at 5,900rpm--very stout for our 10:1 427. The unquestionably raucous power ofthis "stock" Rat makes it a worthy testimony to the 427's legacy.
Dyno Results
Superflow 901 Engine Dyno
Tested At Westech
STP Correction Factor
Bold values are peak
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Chevy 427 Engine Build - Tech Articles - Corvette Fever Magazine
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With the iPhone 5 Apple has moved our trusty 3.5 mm headset jack from where it's always previously been at the top of the device, to a new location at the bottom.
What do you think? Was this a good move on Apple's part? If you're wearing a headset, does it make it easier to put your iPhone in your pocket, or harder to leave it on a dock? Or do you not use or simply not care where Apple puts the headset jack on the iPhone?
Vote in the poll and tell me your thoughts in comments!


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crazeworthy needed a new logo design and created a contest on 99designs.
A winner was selected from 252 designs submitted by 60 freelance designers.
A fresh logo that tests the boundaries of design for a new subsidiary that reflects our simplistic and semantic approach to the user centric web. We hope to encapsulate the current attitude of the modern web but retain a timeless quality that will persist into tomorrow.
crazeworthy inc
Clean and Simple are the keywords here and it should be geared toward the younger, web acquainted individuals. The design should appeal to users around the globe and it needs to be usable both in print and on the web. The devil is in the details, but so is greatness and we are looking to see emphasis placed on font, spacing, color, impact and its ability to stand on its own.
Some logo's we admire:
accenture, blackberry, apple, adidas
Added (due to ambiguity):
Think mobile social search engine and that's what we are about. We work as an interoperability platform for social networks (mash together all the community groups you are involved with and access them from one central site) and then take existing user connections as a means of searching for what you want to know about. Mobile real-time feedback from a relatively trusted networks. Sometimes the best and simplest answers to what you are looking for come from the people you already know. The name crazeworthy is used to describe large trends that form in segregated community clusters on our platform which we can then publish to the rest of our user base. Hope that helps.
We intend to captivate our web audience through the brand centric media so it should have a timeless & recognizable character. Your design will be part of our entity, our DNA, and we fully intend to showcase your work of art as we mature!
Best of luck! Please message me if you have any further questions. Although we hope to improve on our current implementation, you can visit our temporary front at http://www.crazeworthy.com if you need somewhere to start.
- Must be functional for both print (color, B&W, greytone) and web
- Submissions should be in vector format for resizing purposes
- "crazeworthy" incorporated in submission
- Logo must be visually compatible for favicon.ico use
- Capital letters
- Too many colors. Keep it clean & simple.
- Ugliness
- Complexity
Find out how a design contest works or learn more about our logo design services.


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text: Control & Accuracy in a Sleek DesignThe S Action Mouse is specifically designed for use with Android so you can take advantage of the functionality of Recent App & Multi Window. The sleek body is ergonomic and compact for easy gripping and maneuvering, so you can work comfortably all day long. Thanks to Blue Trace technology, you have excellent control and accuracy with the Bluetooth mouse.


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Spring/Summer 20084 comments Posted by Danelle Moon at 12:24 PM
The Spring semester has flown by! Over 130 Undergraduate and graduate students were introduced to primary source research methods, and had the opportunity to explore the variety of formats and sources maintained in Special Collections. History 100w students learned about the resources documenting Japanese Internment and student life at San Jose State during Vietnam. History 200 students explored the possibilities documenting nationalism at the local and regional level, while English, Art, and Geology undergraduates learned about the rich collection of artists books, fine press, and other rare book collections.
Our outreach activities included sponsorship of the First Thursday lecture "A Soldier and a Collegian Remember their Nineteenth Century California Homeland, by SJSU Professor, Gregorio Mora-Torres, and the Wavelength Documentary Preview Screening on second wave feminism, produced by Jennifer Lee and Jennifer Myronuk.
For the summer we have two interesting exhibits from our artist books and war poster collection. The artist book collection exhibit draws upon the department's rich and varied printed book collection. It explores the significance of the advent of printing and its impact on the development of western civilization. This exhibit presents selections from a collection of approximately 1,447 World War I and II posters collected by Professor Charles Burdick. The posters provide a graphic portrayal of propaganda used to educate the public and enlist support for the war.


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With Jason Campbell and Brandon Weeden both battling concussions last week, the Browns signed Caleb Hanie to serve as a possible quarterback for their game against the Patriots.
Campbell got cleared by doctors and made the start in the 27-26 lead and it appears Weeden is also doing better because the Browns announced that they have released Hanie. If Weeden is cleared to return this week, he'll serve as Campbell's backup and Alex Tanney will continue in the No. 3 role.
The Browns filled Hanie's roster spot by signing running back Edwin Baker off of the Texans practice squad. Baker was a seventh-round pick of the Chargers in 2012 and spent most of the season on their practice squad. He was on the Broncos practice squad this year before moving on to Houston and, now, Cleveland.
Willis McGahee suffered a concussion during the loss to the Patriots so Baker could wind up active this week as a backup to Chris Ogbonnaya and Fozzy Whittaker.


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Featured News - Current News - Archived News - News Categories
One-hour primetime preview special airs Sunday, Sept. 2
Mario Batali, Michael Symon, Carla Hall, Clinton Kelly and Daphne Oz travel coast to coast - from California and New York to Hawaii and Nashville - to bring viewers a sneak peek at the ABC fall primetime lineup. Interviewing some of the network's hottest new stars, the special has something for everyone. From diva-filled musical drama and deep and dark desires to quirky and "out of this world" comedies and thrillers, "The Chew Presents ABC's Primetime Fall Preview Special" airs Sunday, Sept. 2 (7 p.m.), on ABC.
Highlights of the special include:
•"666 Park Avenue" stars Vanessa Williams ("Desperate Housewives") and Terry O'Quinn ("Lost") enjoy cocktails and canapés with Clinton Kelly from a chic Manhattan hotel room to talk about their sexy, seductive new primetime address. "666 Park Avenue" premieres Sunday, Sept. 30, at 10 p.m.
•Carla Hall travels home as she visits "Nashville" star Hayden Panettiere ("Heroes") on the legendary stage of The Grand Ole Opry and visits with her co-stars, Clare Bowen and Sam Palladio, at the iconic Bluebird Cafe. "Nashville" premieres Wednesday, Oct. 10, at 10 p.m.
•Aloha from Oahu, Hawaii, the breathtaking location for ABC's new action adventure series, "Last Resort," premiering Thursday, Sept. 27, at 8 p.m. Series star Andre Braugher ("Homicide: Life on the Street") sits oceanside with Daphne Oz for comfort food, conversation and a hometown surprise, all amidst the palm trees and island breeze.
•Hall catches up with the stars of the new family comedy series "The Neighbors" at Johnnie's Coffee Shop in Los Angeles, where Jami Gertz ("Entourage "and 80s classics "Square Pegs" and "Sixteen Candles") and other stars share a preview of their quirky new sitcom that's sure to bring the family together for a night of laughs. "The Neighbors" premieres Wednesday, Sept. 26, at 9:30 p.m., and moves to its regular time slot of 8:30 p.m., beginning Wednesday, Oct. 3.
•It's a food truck fiesta as Oz meets country music superstar Reba ("Reba") to talk about her new sitcom, "Malibu Country," which premieres Friday, Nov. 2, at 8:30 p.m.


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Jennifer Aniston is such a sexy woman in both shape and stature. She looks great in her designer swimwear to her evening wear to her causal every day look. She gives 20 year olds a run for their money! How does she do it? Yoga and cardio! Yoga for the stretching of muscles and cardio for that fat burning. Remember, you can't see muscle definition if your muscle is covered in fat layers. So ladies, don't forget to hit the cardio. Your luxury swimwear body will thank you. Try Pretty Young Thing Coral.
The fabulous 44 year old is in her tip top shape and looks svelte wearing a fuchsia bikini that highlighted her golden skin. I can't wait for her and Justin Theroux to get together and made some babies. Their babies will be born with some six pack abs probably. Wearing bright colors makes your skin glow and Lady Lux gives presents Melt Away in that fabulous girly glow. This is the must have luxury swimwear hue for that sexy summer day.
Yoga is awesome to get you that stretched out look to make you lean and long. It gives you that long torso and those muscles that can beat the lactic acid build up. Pack on a healthy diet and be consistent. Don't be scared if you slip just get back up and select a workout plan and stick to it. Even Jennifer has cheat days and her chosen treat is: Mexican food. Delicious! Keep it in moderation so you can rock your designer swimwear bod.
So you are probably wondering how to get that firm and taut body to wear your new bathing suit with pride and confidence right? Get motivated and bust a workout that contains a mixture of yoga for breathing and elongating. Ms. Soon to be Theroux is known for having a workout that combines cardiovascular workouts with stretching. Don't forget consistency produces results. Have a fun beach day.


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Aerie Pharmaceuticals Inc (AERI) Drops 7.01% on January 07Equities Staff Follow |
Aerie Pharmaceuticals Inc (AERI) was one of the Russell 2000's biggest losers for Thursday January 07 as the stock slid 7.01% to $20.30, a loss of $-1.53 per share. Starting at an opening price of $21.29 a share, the stock traded between $20.22 and $21.51 over the course of the trading day. Volume was 175,793 shares over 1,775 trades, against an average daily volume of 799,047 shares and a total float of 26.36 million.
The losses send Aerie Pharmaceuticals Inc down to a market cap of $535.21 million. In the last year, Aerie Pharmaceuticals Inc has traded between $35.89 and $8.84, and its 50-day SMA is currently $24.44 and 200-day SMA is $20.30.
Aerie Pharmaceuticals Inc is a clinical-stage pharmaceutical company engaged in the discovery, development and commercialization of first-in-class therapies for the treatment of patients with glaucoma and other diseases of the eye.
Aerie Pharmaceuticals Inc is based out of Irvine, CA and has some 40 employees. Its CEO is Vicente Anido.
For a complete fundamental analysis analysis of Aerie Pharmaceuticals Inc, check out Equities.com's Stock Valuation Analysis report for AERI. To see the latest independent stock recommendations from Equities.com's analysts, visit our Research section.
The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It's maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.
Russell's indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It's a simple approach that gives a broad, unbiased look at the small-cap market as a whole.
For more news on the financial markets, go to Equities.com. Also, learn more about our independent proprietary equity research reports and our robust do-it-yourself Stock Valuation Analysis reports in our Research section.
All data provided by QuoteMedia and was accurate as of 4:30PM ET.
DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer


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Return to Transcripts main page
The Curse of Cheap Money; Heading over a Cliff; The Blame Game
Aired July 7, 2012 - 13:00 ET
ALI VELSHI, HOST: An economic storm is headed our way. I've given you the proof but you're demanding to know how we got here in the first place. I'm Ali Velshi. Welcome to YOUR MONEY. And as long as your politicians don't tell you the truth about our economy, I will. Slowdowns in Europe and Asia are creating economic headwinds that are strong enough to blow us into another recession. That's where we are today but I'm so caught up in avoiding this recession that some of you think I'm not paying enough attention to how we got here and you may be right, because we've got limited time and we need solutions and right now those solutions, many of them, lie with Congress. But there are causes and there are many of them. A simple answer would be the cleanest, the most convenient. It's out-of-control deficits or it's stimulus. It's Barack Obama or George W. Bush, but it's just not that simple, it's not that satisfying. One cause, however, does stand out amongst many. Cheap and ample credit. For years the ability of almost every working American to access more credit than they should have been able to, masked the underlying fact that lower and middle class incomes were not rising. People felt, and in many cases actually were wealthier than their salaries or their socioeconomic status would suggest. Getting a loan and buying a house, often more house than you needed or would have even expected to buy, made you feel wealthier. As more people bought those houses, your net worth increased. You borrowed against that house, maybe. Maybe you put your kids through college with the money. Maybe you bought another house or you financed a small business. Maybe there wasn't even a house involved. Maybe you did all of those things on low interest credit cards or other kinds of loans, but it doesn't really matter because generally economies were strong and you had a job, even if the job wasn't getting much better and your wage generally wasn't growing, you were, for all intents and purposes, getting more prosperous. And because of that you weren't complaining. Cheap and ample credit masked a lot of problems, the most serious of which was that income inequality was growing. But until the house got blown down, there was no class war, there was no 99 percent, there were no protesters in the streets. Politicians and policymakers didn't have to address the underlying reasons for the trend. Seriously, why fix someone -- something that no one thought was broken. Easy credit means that while India was focused on educating workers, the U.S. was falling behind. While China was building world- class infrastructure, the U.S. was crumbling. While Germany was establishing itself as the factory floor of the western world, the U.S. was losing ground. We already had a consumption-based economy. We just made it bigger. People felt good. They kept up with and in some cases overtook the Jones'. Economist Raghuram Rajan is a distinguished professor of finance at the University of Chicago, he's a former chief economist with the International Monetary Fund, and he blames politicians for making easy credit available to their constituents thereby masking that growing income disparity. That's the inequality debate you hear so much about these days. Raghu, thank you for joining us. Tough cutbacks have not worked in Europe. We've got unemployment in the Eurozone of more than 11 percent. Much higher in some countries. And many argue that the solution is more government spending. The point of which is to create employment enabling consumers to spend more and continue to access credit so that Europe can consume its way out of this recession. What, if anything, is wrong with that thesis whether it's in Europe or in America? RAGHURAM RAJAN, PROF. OF FINANCE, UNIV. OF CHICAGO'S BOOTH SCHOOL OF BUSINESS: Well, the idea behind that thesis is that somehow short-term spending will resolve the problems of the recession, and then we'll get back to normal growth. What I've been arguing is that there was no normal growth before the recession. It was -- a lot of it was fueled by spending, whether by households in the case of the United States, or by governments in the case of, say, Greece, or by banks in the case of Ireland. So there was a lot of debt fueled spending which was the basis for growth. So governments can sort of spend to substitute for that for a short while but then you come back to the old question, how do we generate sustainable growth? And for that you have to have real jobs with real incomes. Not fake jobs created by debt. VELSHI: All right, so let's bring Chrystia Freeland into this. She's the editor of Thompson Reuters Digital. Chrystia, good to see you. Lots of analogies for us to use here. So stick with me while I continue the storm idea. When the weather is good, you don't have to worry about whether or not you have holes in your roof. So the weather being good here is this cheap and easy credit. Right? You didn't have to worry about the fact that there were underlying problems. But Raghu says you have to have solutions that create long-term growth. Wasn't there the potential for long-term growth with this easy and ample credit? Didn't it -- didn't it create enough wealth that put some kids through school? It gave people some sense of wealth? Shouldn't that have contributed to ongoing growth? CHRYSTIA FREELAND, EDITOR, THOMSON REUTERS DIGITAL: Sure. And it -- and it could have been and some of it was, and some of that money was invested in real valuable things. I think, you know, the parents who took out a home equity loan to put their kid through college and now are struggling to pay back that debt, they still have a kid who went to college and that's a great thing. In Europe actually, the infrastructure is terrific and a lot of that government spending that Raghu was talking about was infrastructure spending. But, you know, to continue your weather analogy, Ali, I think that we are going through a period of economic climate change, global warming if you will, that the environment has changed profoundly and it was -- it's been changing for the past couple of decades we just didn't really notice because this easy credit masked what was going on. But we now have to retool our economies and that we as North America and Western Europe to deal with this new environment in which, as you were pointing out, the middle-class jobs that we were accustomed to in the post-war era are not there. Even people who have jobs are getting paid much less. That is the story of Detroit and the car sector. And to me, that is the most pressing economic problem right now. I don't see any politicians on the left or on the right really facing up to this directly. Everyone is focusing more on OK, here's what I'll do right now, and it's going to fix things right away. VELSHI: Because it's -- it's like -- Raghu, it's like saying -- telling -- it's like talking to Martians, I mean, at this point, we know how this economy works. We buy things, that creates jobs, we get rich, we buy more things. What other type of economy could America develop? What could it turn into? RAJAN: Well, it could be a knowledge economy, it could be a service- based economy. We could actually have high-tech manufacturing. There are all these possibilities. But what we must start with is by recognizing the old jobs are no longer there and there's no point hankering after them. The guy who used to add up the left-hand side of a ledger and the right-hand side of a ledger, he's been replaced by a computer. The guy who used to do low-skill manufacturing just managed the machine and oil it frequently, that job is no longer there. It's gone to China long back. In fact China has gone much further ahead. The new jobs are in, you know, high-tech welding, in nursing, in high-tech nursing, where you manage the machines, in medical technologies. I mean those are the jobs we have to prepare people for. Those have reasonable incomes still. The problem, of course, is this is not a fix which is going to take place in six months. It's a fix that takes many years. It's a fix which requires telling kids, you know, you're not going to get much by just doing a liberal arts degree. You have to get the skills that allow you to get the jobs that have been created. I'm -- I was talking to a professor yesterday, he says nobody does computer science in his college anymore. It's too hard. But that's where the jobs are sometimes. VELSHI: Yes. RAJAN: So we need to figure out a way of getting people the right way. VELSHI: And let's take us to that discussion in a minute. Because everything you are suggesting is sound and it's deliberate. It doesn't play to an angry electorate in the months before an election. So when we come back we're going to talk a little more about how we translate what you're talking about into something that gets interesting to Americans and lets them vote in a way that is in their self-interest and in the country's self-interest. Plus I'm going to tell you the three things that Congress needs to do right now to try and fix this economy in time to head off the coming economic storm. You're watching YOUR MONEY. (COMMERCIAL BREAK) VELSHI: OK. We're back with Raghu Rajan and with Chrystia Freeland. Raghu, you've just made some great suggestions about how we fix our economy and guess what, none of them are short-term. So I suspect if you were running for office you wouldn't get a few votes. Chrystia, how do we take those ideas and plant them into this weird environment that we're in, that people want fast answers, to get us out of this hole now? FREELAND: Well, I don't blame people for wanting fast answers because a lot of people are suffering and, as you pointed out, Ali, they've been living in this beautiful illusion. So people aren't expecting to have suffered. But I think what really politicians need to be talking about is a few things. First of all, this is a time for national investment. Raghu was speaking about education. He's right. That doesn't come for free. It's not free for the students who need to be educated, it's not free for the government. But what is America doing right now? Firing teachers. And the great American public university system is actually weakening. So I think that that is really a central infrastructure, I think absolutely essential. I mean look at what's happened with these storms in the northeast. You know, Washington, D.C., with no power. VELSHI: Right. FREELAND: This is supposed to be the capital of the greatest country on earth. So -- and that's an opportunity also for jobs. And the third thing is someone is going to have to pay for it. I think Americans have lived with this illusion that you can have investment in your economy and nobody has to pay taxes. It doesn't work that way. VELSHI: Raghu, let's talk about this for a second because a lot of people who align themselves with the thesis that you have laid out very clearly here, also tend to be conservative in saying stop with the short-term spending, we've got to cut our debts and deficits and then it doesn't finish the sentence with the investments that we need. You know people will say, we are saddling our grandchildren with unsustainable debt. There is a certain amount of debt that's OK to -- to give to your grandchildren because in exchange for that they're getting the things that Chrystia just outlined, great infrastructure development, a world that will be more competitive in the next generation. How do you square that that circle? RAJAN: Well, first, the benefits. We are creating more capabilities for the future, and second, I think as, if not more important, we're creating a more stable political and social structure. If you have these levels of inequality which persist and you have people who think they have no opportunity in the future you're going to get social conflict of a kind we've not seen in the United States. So this is -- this is important both from the economic perspective but also political. (CROSSTALK) FREELAND: And -- RAJAN: Now clearly you need -- sorry. FREELAND: Following off from Raghu's point on this inequality that I think most Americans still believe they live in a society that has the most opportunity of any country on earth. That is just not the case anymore. Social mobility is breaking down because of these high levels of inequality and that political stability that Raghu is talking about which is so important I think is also going to be threatened. VELSHI: Right. And we've started to see bits of that on the surface with the protests that we've seen, with the idea that people have segmented themselves into different parts of the economy. Raghu, continue with your thought. RAJAN: Well, so that said, this is an investment we need to make, but we need to be clever about it. There's no point making the investment and getting away from the innovative economy we've had. There are parts of the economy which are doing quite well. Let's sustain that. Which means let's not do this on the backs of taxing the rich at the rates we used to tax in the past, 91 percent of marginal income. Yes, by all means, increase taxes a little bit, but make sure the tax system works better. So tax reform across the board makes sense. Broadening the base, increasing taxes a little at the top, but don't make all the spending go to the people at the top which sort of creates a whole set of new problems that we don't want to -- don't want to deal with. At the same time, there's a lot of room for cleaning up the way we spend, making it more effective. It's not true that every education worker that we have is useful. It is not true that every teacher that we hire is doing a good job in the classroom. So we need to get more money for the dollar that we spend and so spending reform has to accompany tax reform. And that I think would put us on a more even keel. VELSHI: Chrystia, what's the disconnect then? Because in listening to Raghu it just sounds so obvious, and if he were running I'd want to vote for him. Why can't we have that discussion translate into our elections? FREELAND: I'm going to vote for Raghu, too. I think two reasons. One, people are scared and at a time when people are scared if your message is blood, sweat, tears and higher taxes they are not very receptive. But I think the second point is what Raghu said which is really essential, that if what you're talking about is some government investment in things like education and infrastructure, people are saying, wait a minute, I have seen the private sector become much more efficient, driven by technology, you know, my iPhone is a miracle, I expect real responsiveness and efficiency. I don't see government delivering that. And so why should I trust the government to be a smart spender? I think that the government has missed out on the technology revolution and until it does, people are not going to have faith. VELSHI: Right. Why should I trust my government to be a good spender, a smart spender, is what is so operative in this discussion. All right, Raghu, great to see you. Thanks very much for sharing this conversation with us. We'd love to have you back. Chrystia, as always, a pleasure to have you here. All right, I keep telling you about this impending storm. We've told you about the fiscal cliff that we're on the edge of. Europe is by no means stable and we're seeing slowdowns in giants like India and China. Coming up next, we'll talk to someone who's putting millions of dollars to work for his clients during this uncertain time and we'll ask him what you should consider investing in right now. Plus, two legends of Congress, both disgusted by today's dangerous levels of partisanship. I'm asking them to name names of who's willing to reach across the aisle for the good of the country right now. (COMMERCIAL BREAK) VELSHI: Wall Street, like Congress, has a history of not acting until it's too late. You may not have that luxury yourself. Just remember what happened in 2008 when you looked up and half your 401(k) was wiped out in a matter of weeks. We know the American consumer is feeling the fear and when consumers stop spending, businesses stop hiring, add to that a slowdown in emerging -- economies like China and India, even the biggest global companies like McDonald's and Nike and Ford start taking it on the chin. Consumer cyclical stocks, the canaries in the coalmine for recessions and recovery, are the first to react to the shifting economic winds and they are where my next guest says you should put your money if you think things will get better. If you don't then don't. Jim Awad is the managing director of Zephyr Management. He joins me now. Jim, good to see you. Thank you so much. JIM AWAD, MANAGING DIRECTOR, ZEPHYR MANAGEMENT: Thank you. Always my pleasure. VELSHI: Two things to remember. First of all, that first one, consumer cyclical stocks and generally smaller companies tend to react because they're nimble, they can react into and out of a recession. So if you think things are getting better you want to be in these companies? AWAD: Well, you can make that case. Yes, they are more nimble. But the stock market tends to move in a risk on/risk off trade. VELSHI: Right. AWAD: And so when the market gets scared and risk is off in a recession -- VELSHI: Right. AWAD: -- they -- investors typically sell those companies and go to bigger, more conservative companies with dividends and a global footprint. So you have to remember that. VELSHI: OK. So we think from the evidence around us that something is going on that could slow things down in this economy. We've seen manufacturing numbers weaken, we've seen consumer confidence weaken. At the same time you've got other things going on. Housing is not weakening, interest rates remain low. What is the bet that my viewers should make? AWAD: Well, what they should -- they should be aware of the risks that China is slowing down, India is slowing down. Europe is a real mess. The United States, while it's still growing, the rate of growth is decelerating. So you're in a low-growth environment where a lot could go wrong and if it doesn't go wrong, the growth is going to be so slow, it's going to feel like a recession even if you're not in one. VELSHI: Right. AWAD: So it's a low-return environment. VELSHI: You think big companies right now are a place to be, multinationals? AWAD: To the extend you want to be invested you can make the case in a low-return environment, corporations with a global footprint and good dividends and good balance sheets are -- many of them have dividends of 3 percent or more. VELSHI: Right. AWAD: Are a better place to be than cash which pays nothing and bonds which pay very little. So if you're willing to look out a few years and not necessarily a few months, it's likely over a longer periods of time you'll do better in properly chosen equities than in cash. VELSHI: Let's talk about Microsoft. We've got a -- we've got a screen up on Microsoft. You're sort of thinking that the stuff that Microsoft does continues regardless of whether there's a slowdown. AWAD: Right. Well, you have a huge installed base and so you have recurring revenues. VELSHI: Right. AWAD: Even in slower times businesses spend to upgrade technology at a lower cost so they can be more productive. You've got a fortress balance sheet, a 3 percent dividend, and a global footprint so they're benefiting from the recovery in the United States and they will benefit from the long-term growth in the emerging markets so absolutely Microsoft fits the bill. VELSHI: Let's talk about McDonald's. AWAD: Well -- VELSHI: This is a company that continues to expand. AWAD: Yes, McDonald's is similar for different reasons. Again it's got a global footprint. When things get slower around the world, people instead of going to restaurants, especially in developed markets like the United States and Europe, instead of going to fancy restaurants they'll go to a McDonald's. VELSHI: Right. AWAD: And then in the emerging markets as the growing middle class gets money, they -- instead of eating at home -- VELSHI: They're going to McDonald's. AWAD: They will go to a McDonald's. And again you have a good dividend and a fair valuation. VELSHI: Do you like Nike? They came out with something that sounded like a bit of a lower guidance. They were saying that their sales in the east are not going to be as strong as they expected. AWAD: Yes, well, look, Nike is a good long-term growth story but I would -- I would put it as a little bit less attractive than McDonald's or Microsoft because it's a higher growth/higher risk/lower dividend but it definitely is a good global franchise. It's just more volatile than where I would steer people in the short term. VELSHI: There are two kinds of things people buy. There are things that are discretionary that you won't buy if there's a slowdown and the things you've got to buy all the time, toothpaste and ketchup and, you know, things like that. So you like Proctor & Gamble. AWAD: Procter & Gamble fits the bill again in the United States if things get slower. People are going to continue to have to buy the staples. And again, in the long term, in the emerging markets people who couldn't afford these staples in the past as the middle class is created will start to buy them. So again a good balance sheet. That's the type of company with a dividend that you want to own. VELSHI: But this is all sort of defensive. AWAD: You have to have very low expectations if you can make 5 percent a year. VELSHI: Yes. AWAD: In the environment that we're in you're doing just fine. VELSHI: Jim, always a pleasure to see you. Jim Awad is the managing director of Zephyr Management. Well, I continue to tell you of an impending economic storm and I continue to tell you that there's little you can do about it except pressure your members of Congress and cast an informed ballot. But there are some things you can do. More personal things to protect your investments. Rebalance your portfolio. These are issues that Christine Romans and I have spent a lot of time studying and writing about in our book "How to Speak Money." There are three chapters dedicated to these issues that can help you make better financial decisions. Well, coming up next, I've told you repeatedly that Congress has to act now. I've told you how the partisan bickering designed to win elections is driving our economy to the brink. But when we come back I'm going to tell you the three things Congress can do now to protect you and the economy. And it's that my way or the highway ideology in Congress that's left one of its longest-serving senators so frustrated she's decided to walk away. Republican Senator Olympia Snowe joins us when we return. (COMMERCIAL BREAK) VELSHI: I have been telling you about the economic storm that is making its way to our shores from Europe where the debt crisis blowback could hit America at hurricane strength. From Asia where growth engines like China and India are stalling in the wake of fewer exports to the west. And from Washington, where scorched earth partisan politics could push America over a fiscal cliff if Congress doesn't act. Legislation needs to be passed now. To head off a series of tax increases and spending cuts that are mandated to take effect on January 1st because Congress couldn't come up with a proper deal to raise the nation's debt limit last year. So that's the ridiculous compromise they came up with. If Congress doesn't act before the elections, it may be too late to fight off the economic storm. You heard it from Mohammed el-Arian, a 30 percent chance of a recession he says. So frankly after listening to me saying this endlessly even I am starting to think I'm full of hot air. So I'm going to give you three specific things that Congress can and must do now to address the coming economic storm. First, head off that so-called sequester, the $1 trillion of automatic across-the-board spending cuts that are mandated by Congress. The ridiculously named sequester legislation was passed as part of last August's debt ceiling extension which followed, as you recall, but would like to forget, intense partisan blackmail by both sides that nearly shut the government down and led to a downgrade of the United States' credit rating. A stupid name for a stupid thing that could hurl the U.S. head-long back into recession, so solve it, Congress. Second, all right, we've grown to look at another debt ceiling extension early next year. So what say we all get together ahead of time and act on it before the election, before Washington gets tempted to take America back to the brink a second time. And finally, third, negotiate another agreement on whether to extend the Bush-era tax cuts and adjust the alternative minimum tax to avoid slapping Americans with a higher tax bill next year. These are three simple things that Congress can do now, three things Washington needs to do, before the elections to avoid falling over that fiscal cliff in January. If politicians and Congress put off the work that needs to be done, let them be held accountable for the next recession. Joining me now, Norm Ornstein, a resident scholar at the conservative American Enterprise Institute. He describes himself as a centrist, and his new book, it's titled, "It's Even Worse than It Looks: How the American Constitutional System Collided with the New Politics of Extremism." Plus CNN's political director Mark Preston and CNN's conservative contributor Will Cain. Do they call you that? I keep adding that. WILL CAIN, CNN CONTRIBUTOR: I don't -- I'll let you describe me. Whatever you want. VELSHI: You're conservative. He describes himself as a conservative and he says that two parties working together to achieve a solution has created today's problems. CAIN: That's true. VELSHI: I don't even understand what you're talking about. CAIN: That's what I'm talking about is in historical perspective. I know we have Norm join us in a few minutes here, that I'm sure will thoroughly rebut what I have to say. But what I am saying to you is this combination of Democrats and Republicans seeking low taxes and high spending has created everything from Social Security to Medicare to "No Child Left Behind," and I don't think we look at these across the board and go, you know, pump our fists good job, Congress. So, yes, now we are in a terrible situation, Ali. Yes, we are looking at a fiscal cliff and I'm going to take a pin and go over to your big post-it note and put yes, get these three things done. VELSHI: Right. CAIN: Before you just put bipartisan up on Mount Rush realize that what got us here in the first place. VELSHI: I'm not objecting to whether it's partisanship or bipartisanship that got us here. I just think these three things need to -- (CROSSTALK) CAIN: Got it done. Got it done. VELSHI: Something is stopping it from getting done. Mark Preston, why can some congressmen not fall on their sword and do the right thing if that's what it takes to help the economies -- the economy ? Would voters really turn on someone who has the guts to say, this is the best thing to do for the future of this country and your job and our economy, regardless of party agenda and partisanship? MARK PRESTON, CNN SENIOR POLITICAL EDITOR: Ali, let's look at the macro level. When you're talking about getting things done on Capitol Hill everything is done through the parties. It's -- and quite frankly what we've seen on the Republican side as we've seen the rise of the Tea Party, which has had an enormous amount of influence over how House Republican leaders approach legislation and approach how they do things, but at the same side on the Democratic side you had the liberals who are really pushing hard on the agenda. What you're talking about are the folks who are in the middle, these blue dog Democrats, these folks who try to build bridges, folks that perhaps, Will was saying, that might be the problem because they are trying to chart some kind of middle course. But the bottom line is, it is so poisonous right now on Capitol Hill, Alia. And I hate to say this to you, this is not going to get fixed until after the election and if we think things are bad now politically wait until after Election Day when they have to deal with all these major issues. VELSHI: And that's my concern. That if you are so adamant as Stephen Moore was that this isn't going to get done beforehand but somehow after the election there'll be more impetus, the only thing we'll have after the election are more deadlines. Norm, in addition to all the issues I mentioned you're predicting one of those possible government shutdowns over spending bills in October because House Republicans are going to try and keep every dime for defense, they're going to double down on domestic discretionary cuts. I mean I don't -- my head will explode if we can't even deal with the problems we've got and now we might face a shutdown? NORM ORNSTEIN, RESIDENT SCHOLAR, AMERICAN ENTERPRISE INSTITUTE: You know, Stephen Moore said it's always darkest just before the dawn. I'll remind you of what John McCain often says, it's always darkest just before it turns completely black. (LAUGHTER) ORNSTEIN: But the fact is that the deal that was worked out to avoid the last debt limit and remember, it was really the House Republicans, not John Boehner, who warned them that they had to get something done, but others in the leadership who held the debt limit hostage the last time, now it's Boehner who's threatening to do it with the next debt limit but the deal that they reached that included these sequesters if they couldn't do the other actions, now you have the House Republicans saying never mind that deal, we're not even going for it for the spending bills for the fiscal year that begins October 1. We're going to renege on the defense part and double down on the domestic side. That doesn't bode well for any kind of a deal before the election. The fact is in the Senate you are seeing some bipartisan action and attempt to try and find that golden mean, the broader deal, the larger deal, the grand bargain that we've talked about, and it has to include inevitably over the long run more revenues and a significant slowdown in the growth of spending including in the big entitlements, if you have however, 90 percent of the Republicans in the Senate and 237 out of 242 in the House. VELSHI: Yes. ORNSTEIN: Who've taken the Norquist pledge, that doesn't bode well either. VELSHI: Right. ORNSTEIN: So, you know, I'm nervous and I -- but I think Mark is right, the likelihood of things getting done before the election remain exceedingly slim. VELSHI: But things -- you just brought up the Norquist pledge. Will, let me bring you in on this. The Norquist pledge, Grover Norquist, Americans for Tax Reform, a pledge that has been signed by virtually every Republican in the House which says you will not support any net new tax increases which means if you need emergency short-term spending because your economy is going down the tank again, you risk Grover Norquist and his people campaigning against you. Why is that acceptable in our -- in our dynamic economy and our democracy? Why can't we tell people stop with the pledges, go in there and make the necessary deals that have to be done? I'm not asking you as a conservative. I'm saying this is something liberals and conservatives need to do. Democrats and Republicans got to move on this. CAIN: The reason I think guys like Grover put that pledge out there and another -- politicians follow that pledges, because where I started this. Because the historical perspective is that you give a dollar to the government it finds a dollar place in spending. It find ways to spend that dollar. Grover, I would assume, I don't want to speak for him and his guys, look, we've got to cut off the spigot, we've got to cut off the funding of government. But you are right, it doesn't allow for basically emergencies. And we've arrived at two emergencies you point out, one is the fiscal deliver and the other is the one you're not talking about that Norm just alluded to, and that is the long-term debt and deficit problem. Right? VELSHI: Right. CAIN: And by the way, both of those problems are working in opposite of each other. VELSHI: Correct. CAIN: So we have to, yes, perhaps, let go of some of our historical perspective to make some concessions on those emergencies and get action on those emergency in the short term, but he's not wrong on the long term. Long term is, we've got some lessons to learn about governance, bipartisanship and the concept of getting things done. VELSHI: Mark Preston -- ORNSTEIN: Ali -- VELSHI: Yes. ORNSTEIN: Just let me add a couple of things. First, the Norquist pledge actually is against any gross tax increases. You've had a few Republicans who said I can't stick with the pledge anymore because to get tax reform the kind we've talked about before you need to raise taxes on some so you could lower taxes on others and that violates the pledge. VELSHI: Right. ORNSTEIN: But the other thing is something that Bruce Bartlett, an economist for Ronald Reagan and many others have said, which is history tells us that when you get fiscal discipline is when you actually raise revenues and couple that with spending cuts. When you cut revenues it has had no effect on the spending and that's a good part of the reason why we've ended up in the mess we're in after all of those tax cuts at the beginning of the last decade. VELSHI: Mark, later on the show we're going to talk to Olympia Snowe. We are dredging up everybody we can find who once walked roughly in the middle of the road. Do you come across those on your -- on your travels now while we're looking at a campaign? PRESTON: Look, Ali, let me just say, I spent six years on Capitol Hill as a newspaper reporter. I spent a lot of time with the likes of Olympia Snowe, Tom Daschle, Trent Lott, and it's amazing. Nowadays Trent Lott would be considered a centrist. They wouldn't think he's conservative enough. What's happened in Congress, things have gotten so polarized at this point you're seeing the likes of Olympia Snowe say, enough is enough, I'm leaving. We saw that with Evan Bayh, a Democrat from Indiana, he left Congress. What's going on on Capitol Hill is bipartisan is not a bad word, it's actually a very good word. What's a bad word is punting and that's what you see from the leaders on Capitol Hill. Keep punting the ball down. We'll deal with it later. We'll deal with it later. And that's where we stand right now, Ali. VELSHI: All right. Mark, Norm, Will, great to have a great conversation with all three of you. Thanks so much. ORNSTEIN: Thanks, Ali. VELSHI: And coming up next, intense partisanship and the my-way-or- highway ideology in Congress has left one of its strongest serving senators so frustrated she has decided not to seek another term. As promised, Republican Senator Olympia Snowe when we return. (COMMERCIAL BREAK) VELSHI: After three terms in the Senate more than three decades in Washington Republican senator, Olympia Snowe, shocked the beltway earlier this year when she said she would not seek a fourth term come November. Her reasons, intense polarization and partisanship that are crippling our political processes. Senator Snowe joins me now from Washington. Senator, thank you for being with us. You've got a reputation for being a practical politician who's willing to cross lines to get things done. You said in an opinion that you wrote, when you announced that you weren't running, I'm going to read this to our viewers so they know. "For change to occur our leaders must understand that there's not only strength in compromise, courage in conciliation and honor in consensus building but also a political reward for following these tenants. The reward will only be real if the people demonstrate their desire for politicians to come together after the planks in their respective party platforms do not prevail." Are things more partisan than they were when you first entered that building? SEN. OLYMPIA SNOW (R), MAINE: Without a question. Since I entered the Senate and most especially since I served in the U.S. House of Representatives when I was elected in 1979, but I came to the Senate in 1995, and there's been dramatic change and it's grown, you know, exponentially worse and most especially over the last few years, where you're seeing very little of the legislative process working in a way that it should that allows for openness and transparency and accountability, to see what we're doing, how we craft legislation, allowing amendments to be offered, working through the committee process first, reporting the bills to the floor, having an open amendment process, so the public has a chance to see how these bills are fashioned and what the differences are in views. But none of that is transpiring today in the Senate virtually speaking. So what you're having is up or down votes, either/or situations, cloture petitions, cloture votes, amendment freeze to fill so you can't offer amendments, so all of these procedural blocks are impeding the public's interest and the country's interests and that's -- VELSHI: Well, you're exactly right when you say that. This procedural stuff goes over our heads generally speaking. What we want to see is that there are veteran politicians or new politicians who somehow have the creativity to arrive at compromises that I -- we the voters have neither the time nor the inclination to arrive at. That you are going to be elected to go there and try and solve our myriad serious problems. Is there a sense amongst your colleagues that at this point in time, this very specific point in time, this inability to compromise could put us back into remarkable economic turmoil, largely because of what's going on around the world, but this really could do great damage? SNOWE: You're absolutely right. And that's precisely my point and precisely my concern. And yes, many of my colleagues do realize that. I think the question is now, can they transcend that and overcome it? And to make the difference in the United States Senate to get something done. And that really is in the hands of the leadership. You know, that determines the agenda and what happens and what doesn't happen, how it comes about. I mean, for example, Ali, the fact that, you know, we're postponing all of these key issues on the fiscal cliff, you know, until after the election. We have wasted all of this year, we wasted all of last year. VELSHI: Yes. SNOWE: In the way we handled the debt ceiling, for example, we created the super committee, we knew that wasn't going to be a possibility they're going to achieve all these reforms in a short period of time with so few people, and then, of course, we've had no budget and now we're facing this monumental fiscal cliff at a time we're seeing international turmoil, let alone our own domestic economic turmoil that could paralyze because any one of them could trigger a financial crisis. So all of that everybody recognizes. The question is it's not happening to change that. There's no -- VELSHI: Yes. SNOWE: There's no circumstance to change that here in the United States Senate unless you have the president and the leadership on both sides coming together and recognizing that we need to do this in a way that's going to build consensus. And the American people have to understand that too and they have to demand it of their elected officials. VELSHI: And that's what I -- (CROSSTALK) VELSHI: That's what I'm trying -- I mean I haven't been as articulate as you have been in just a few minutes. I've been for half an hour saying on this show that this is -- what we have to demand of Congress and that they act sooner rather than later before the election and all I've been told by those who are much smarter than I am about Congress is that I've got a better chance of growing hair on my bald head than of that happening. So what I would like to do for my viewers over the course of the next few weeks is form a list of people who are like you willing to reach across party lines, willing to reach across ideologies, you have worked with these people directly for 30 years. Tell me who the best people to start that list with would be. SNOWE: Well, there are a number. You know, there have been a number of people on both sides and, you know, probably give out names now but I would be glad to work with you on that question. Because I do think it is important. There are people who are willing to do that. But I think I would also suggest in starting with the leadership, I mean, because obviously that is very important in terms of what happens and doesn't happen. And secondly, is using the social media and the technology today to get the message out. If we have used social media technology and how to vote, you know -- you know, either/or situations, whether it's conservative liberal, then we can also use that in a way to say, let's build consensus. VELSHI: Yes. SNOWE: We demand consensus in the political process. VELSHI: I know you're leaving the Senate. I hope that wisdom and that spirit of compromise stays after you're gone. I'll take you up on the offer to find those people in that building in the House and the Senate who can, who might just act earlier than the election and stave off this economic storm. Senator Olympia Snowe, a pleasure to talk to you. Thank you. SNOWE: Thank you. VELSHI: The partisanship we see on Capitol Hill these days represents the failure of what I think of as the Shakespeare rule. "To thine self be true." That's Shakespeare by way of a man who served in Congress for 34 years. Former Congressman Lee Hamilton on putting country before politics, that's next on YOUR MONEY. (COMMERCIAL BREAK) VELSHI: You heard me say throughout the show that I am looking to highlight those members of Congress willing to reach across party lines. Willing to reach across ideologies for solutions to our economic problems. Some of you share my view. Others think I'm stark raving mad for suggesting it. And you in the second group might actually be right. According to a recent Gallup poll, Congress' approval rating stands at 17 percent. That is lower than Richard Nixon's approval rating during his impeachment. Even Congress is frustrated with Congress. Lee Hamilton spent his 34 years in the House of Representatives actively working against partisanship as well. He is a true American statesman. Someone I admire a lot. He's worked on a number of bipartisan commissions including the 9/11 Commission, the Iraq Study Group, the Blue Ribbon Commission on America's nuclear future. He's the authors -- author of "How Congress Works and Why You Should Care." Former Indiana Congressman Lee Hamilton joins me now. Lee, welcome to the show. You say it has been years since Congress acted as if it took its responsibility seriously. What has changed? LEE HAMILTON, FORMER U.S. DEMOCRATIC REPRESENTATIVE: Well, I think many things have changed. I think you're correct in your opening comments that excessive partisanship has really become the most prominent feature now. The distinguishing characteristic of our politics. And it comes about for a lot of reasons. There isn't any single reason for it. There isn't any single solution. We have gerrymander districts, we have a media that politicians to express themselves immediately. We have congressional schedules that don't allow members to get to know one another. We have the intensity of our politics in the country has, over a period of decades, picked out very sharply. More is at stake. People are more interested in government doing something for them. And the country as a whole is divided more along partisan lines. So there are a lot of reasons for this excessive partisanship. VELSHI: You've mentioned that you think we lost our political center which corresponds to the idea that we are losing our middle class. We are economically and politically going to different ends of the spectrum. Tell me, it wasn't that long ago that you were in the midst of this whole thing and it was important to you to walk this middle ground, to put forward legislation that got support on both sides of the aisle and to reach across, as a Democrat, and get Republicans to support measures that you were interested in supporting. You mentioned relationships. Talk to me about what's changed on that front. HAMILTON: Well, I think members of the Congress don't really get to know one another very well. It's very hard to get mad at somebody that you know well. And the schedule today is such that members come in Monday night or Tuesday night. They have very intense schedules while they're in Washington. Leave Thursday and home on weekends. They no longer mingle with their -- each other's families. They don't get to know one another's people. When they do meet, it's in the confrontational setting of the committee room or on the floor of the House. So I think that's an important factor. Not a sole factor by any means. But they have to make the schedule a little more family friendly, if you would. And let members of Congress get to know one another better. VELSHI: Well, we like, we like to point the finger at partisan politicians who are making this worse but it is in fact voters who elect them. The American public is more polarized today than at any point in the last 25 years. This is a chart that the Pew Research Center put together measuring the percentage point difference between Republicans and Democrats, voters, on 48 questions about their values. And the results show that Americans are more divided, as you said, Lee, along political lines than by race, religion, or gender which is fascinating. How much blame do you accord voters for this gridlock in Washington? And what can voters do to try and change this? HAMILTON: Well, the old sign on Harry Truman's desk, "the buck stops here," is only half right. Ultimately the buck stops with the American voter. And we have to say to our friends in politics that, look, take your positions. Advocate them strongly. Say what you want to say. But at the end of the day, your responsibility is to make the country work. Your responsibility is not to put forward an ideological agenda. Your responsibility is to work with your colleagues so that we can move this country forward towards a more perfect union. Now that can only be done if you take into account as best you can the points of view of many different people represented within the Congress. So I want to see members of Congress who come there not to push an ideological divide. Not saying I will not compromise but saying that my responsibility is to see that at the end of the day this country works. I think that's the attitude that has to be the mindset, if you would, of members of Congress today. VELSHI: Lee Hamilton, what a pleasure to talk to you again. Thanks very much for your -- for your wisdom and sharing it with our viewers. HAMILTON: Nice to be with you. Thank you. VELSHI: All right. You've heard my thesis. You've heard my guests. Now it's your turn. Tell me why I'm wrong. I'm ready to debate you. And I'll show you how to engage, next. (COMMERCIAL BREAK) VELSHI: OK. I have given you three specific things that Congress can do and must do now to address the coming economic storm. First, head off that so-called sequester, the trillion-dollars of automatic across-the-board spending cuts that are mandated by Congress. Second, get a debt ceiling extension in place before Washington gets tempted to take America back to the brink a second time. And finally, third, negotiate another agreement on whether to extend the Bush era tax cuts and adjust the alternative minimum tax to avoid slapping Americans with a higher tax bill next year. That's my to-do list for Congress. I'm ready to hear yours. Tweet me right now, @alivelshi. But you're better be ready to debate because I read them all and I love to write back. Thanks for joining the conversation this week, on YOUR MONEY. We're here every Saturday, 1:00 p.m. Eastern, and Sunday, at 3:00 p.m. Have a great weekend.


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Artificial Intelligence expert shares insights with Computer Science students
Posted: 2/2/2018
On Thursday morning, grades 10, 11 and 12 Computer Science students were treated to a presentation from Peter Suma, the co-CEO and co-founder of Applied Brain Research (ABR) among many other things.
The team behind ABR builds models of the brain to understand how it works, and then applies the findings to artificial intelligence (AI). Their goal is build the best integrated AI systems, ultimately resulting in devices that can work in the real world.
AI is fascinating, especially considering the capabilities. Examples could be a robot to do your laundry, provide protection, or even prepare dinner. However, with so much innovation it's normal to feel cautious.
Mr. Suma addressed some common fears of the creation of AI: "If you build a robot smarter than a human, then what are we for?"
Not to worry… yet. Mr. Suma assured the students "there is still a long way to go" until AI can seamlessly imitate a human's brain.
As humans, our ability to understand and process information creatively sets our brains apart from those manufactured in a lab. "True magic will come when humans can combine their creativity with AI intelligence and data. A lot of start-ups are chasing that thought," Mr. Suma said.
Along with an illustrious academic career, Mr. Suma's professional endeavors and research are well respected in the industry. He contributes to the Artificial Intelligence and Human Rights Advisory Board at the Balsillie School of International Affairs, and was able to shed light on a number of quality AI programs available for students interested.
"Canada is at the forefront of AI research," Mr. Suma said, naming the University of Toronto, McGill University, and the University of Waterloo. It was encouraging for students to learn some outstanding programs are so close to St. Andrew's College.
What does this mean for students? Change is occurring in the workplace, and it's going to revolutionize the business and engineering fields.
"Take this into account as you plan your futures. It's exciting; keep it on your radar."
Story by Sean Maillet
Peter Suma addresses boys in Ketchum Auditorium.
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