XIAM007

Making Unique Observations in a Very Cluttered World

Tuesday, 10 March 2015

New memories implanted in mice while they sleep... - Same technique could alter human mind... -

New memories implanted in mice while they sleep... - Same technique could alter human mind... - 



Sleeping minds: prepare to be hacked. For the first time, conscious memories have been implanted into the minds of mice while they sleep. The same technique could one day be used to alter memories in people who have undergone traumatic events.

When we sleep, our brain replays the day's activities. The pattern of brain activity exhibited by mice when they explore a new area during the day, for example, will reappear, speeded up, while the animal sleeps. This is thought to be the brain practising an activity - an essential part of learning. People who miss out on sleep do not learn as well as those who get a good night's rest, and when the replay process is disrupted in mice, so too is their ability to remember what they learned the previous day.

Karim Benchenane and his colleagues at the Industrial Physics and Chemistry Higher Educational Institution in Paris, France, hijacked this process to create new memories in sleeping mice. The team targeted the rodents' place cells - neurons that fire in response to being in or thinking about a specific place. These cells are thought to help us form internal maps, and their discoverers won a Nobel prize last year.

Benchenane's team used electrodes to monitor the activity of mice's place cells as the animals explored an enclosed arena, and in each mouse they identified a cell that fired only in a certain arena location. Later, when the mice were sleeping, the researchers monitored the animals' brain activity as they replayed the day's experiences. A computer recognised when the specific place cell fired; each time it did, a separate electrode would stimulate brain areas associated with reward.

When the mice awoke, they made a beeline for the location represented by the place cell that had been linked to a rewarding feeling in their sleep. A brand new memory - linking a place with reward - had been formed.

This must be the place

It is the first time a conscious memory has been created in animals during sleep. In recent years, researchers have been able to form subconscious associations in sleeping minds - smokers keen to quit can learn to associate cigarettes with the smells of rotten eggs and fish in their sleep, for example.

Previous work suggested that if this kind of subconscious learning had occurred in Benchenane's mice, they would have explored the arena in a random manner, perhaps stopping at the reward-associated location. But these mice headed straight for the location, suggesting a conscious memory. "The mouse develops a goal-directed behaviour to go towards the place," says Benchenane. "It proves that it's not an automatic behaviour. What we create is an association between a particular place and a reward that can be consciously accessed by the mouse."

"The mouse is remembering enough abstract information to think ‘I want to go to a certain place', and go there when it wakes up," says neuroscientist Neil Burgess at University College London. "It's a bigger breakthrough [than previous studies] because it really does show what the man in the street would call a memory - the ability to bring to mind abstract knowledge which can guide behaviour in a directed way."

Benchenane doesn't think the technique can be used to implant many other types of memories, such as skills - at least for the time being. Spatial memories are easier to modify because they are among the best understood.

His team's findings also provide some of the strongest evidence for the way in which place cells work. It is almost impossible to test whether place cells function as an internal map while animals are awake, says Benchenane, because these animals also use external cues, such as landmarks, to navigate. By specifically targeting place cells while the mouse is asleep, the team were able to directly test theories that specific cells represent specific places.

"Even when those place cells fire in sleep, they still convey spatial information," says Benchenane. "That provides evidence that when you've got activation of place cells during the consolidation of memories in sleep, you've got consolidation of the spatial information."

Benchenane hopes that his technique could be developed to help alter people's memories, perhaps of traumatic events (see "Now it's our turn", below).

Loren Frank at the University of California, San Francisco, agrees. "I think this is a really important step towards helping people with memory impairments or depression," he says. "It is surprising to me how many neurological and psychiatric illnesses have something to do with memory, including schizophrenia and obsessive compulsive disorder."

"In principle, you could selectively change brain processing during sleep to soften memories or change their emotional content," he adds.

Now it's our turn
It's a familiar feat from films such as Inception and Total Recall, but will we ever really be able to plant a memory in someone else's mind as they sleep?

Karim Benchenane at the Industrial Physics and Chemistry Higher Educational Institution in Paris, France, who implanted new memories into mice while they snoozed (see main story), hopes his technique can be developed to alter problematic memories in people. The idea is to attach good thoughts to bad memories, such as those that linger after traumatic experiences. "If you can identify where in the brain a person is reactivating a phobia-associated experience, you might be able to create a positive association," he says.

Fake friends

You could probably use the same approach to alter a person's memory to your own advantage.

Evidence suggests that single neurons can represent specific people in the brain – such cells have been termed "Jennifer Aniston cells" after a woman in a study was found to have one brain cell that only fired in response to images of the actress (Nature, doi.org/cmzdk9). If you could identify a neuron that represents you in someone else's brain and then stimulate areas of the brain that create a rewarding feeling every time that neuron fires, you might – in theory – be able to make that person like you more. "The fact that you can do it during sleep is a bit worrying, in that it implies that you could make somebody want something even if they didn't really," says Neil Burgess at University College London.

It is much more difficult to create an entirely new memory from scratch. Benchenane's team drew on the mice's existing memories of space and altered them. "It's not like they have created a whole new space that the animal is exploring in its head," says Loren Frank at the University of California, San Francisco. "Real experiences involve all of our senses and movement through space, and people, places and things," he says. "We are nowhere near recreating that richness – what we can do is take advantage of it and modify it."

These modifications could be for better or worse, says Frank. "There are a few ways of thinking about this – there's the medical application, and there's the more Orwellian application, where the government gets inside people's heads and starts to control them," he says. "It's unbelievably hard to do any of this, so I'm not deeply worried about it, but it's not impossible that it could happen."

Read more - 
http://www.newscientist.com/article/dn27115-new-memories-implanted-in-mice-while-they-sleep.html#.VP8KRNJVntc

Monday, 9 March 2015

Cops Across the USA Being Disciplined, Not for Brutality, But for Not Writing Enough Tickets -

Cops Across the USA Being Disciplined, Not for Brutality, But for Not Writing Enough Tickets - 



As more and more officers across the country expose quota systems within their departments the mission of the American police officer is becoming quite clear; revenue generator.

As there is no money in solving murders or preventing rapes, police departments in America have focused their duties on traffic citations and the drug war. Both of these venues are highly profitable for departments.

City and state governments have become so addicted to these revenue streams that we are now seeing full-on military raids on people in fruitless attempts to find drugs and money. Along with the drug raids, we are seeing police officers forced to collect a certain amount of revenue through traffic enforcement, or risk losing their jobs.

Over the weekend, 4 more state troopers from Tennessee exposed their department for enforcing a quota system. There would be many more according to the troopers, but their fellow cops are afraid to speak up for fear of retaliation. 

Last week, six cops in Whittier, CA filed a lawsuit against the city after they were retaliated against for refusing to act as revenue collectors by following ticket and arrest quotas. 

Last month, a former Bellefontaine Neighbors cop, ten-year veteran of the force, officer Joe St. Clair was ordered to carry out a policy that he says required cops to issue a certain number of traffic tickets, and even traffic arrests. If the cops failed to do it, they could be fired.

“I believe the chief put an illegal mandate on his officers. I think it’s unfair to the community,” St. Clair told KMOV.

Also, in November of last year. The Free Thought Project reported the story of police in Normal, IL. Several cops from the Normal police department sued the city claiming that the department’s policy forced them to make arrests without probable cause.

These are just a few of the many revenue collection schemes implemented in this “land of the free.”

Only when these department heads are caught in the act of implementing quotas do they deny their existence.




Earlier this month, the Free Thought Project was leaked video that shows a Newaygo County Sheriff’s deputy admitting that their department breaks federal and state laws.

This cop admitted, on camera, that he routinely breaks federal and state law. He wasn’t blowing the whistle either. He was proposing a grant allocation to the Board of Commissioners and using the fact that he enforces quotas as a sales pitch!

When local news departments caught wind of our story, they interviewed the sheriff, who predictably denied the existence of quotas and assured the public that the deputy in the video has faced proper disciplinary action.  However, if that deputy wasn’t immediately fired and arrested for breaking the law, then there was nothing “proper” about it.

The skewed reality here is that you can mandate that officers enforce illegal ticket quotas, and nothing happens to you. Only when officers refuse to take part in these illegal quota systems, do they become the ones who face any discipline.

In America, police can murder unarmed people while being videotaped and face little to no consequences. However, if they point out corruption within their departments, they not only face being fired, but their lives are threatened too.

Mandating that officers issue citations and make arrests is nothing close to “protecting and serving.” In fact, it’s quite the opposite.

Requiring a minimum number of citations forces conflict and potentially hostile interactions.

It truly forces police officers to create criminals out of otherwise innocent people in order to generate revenue, or they face losing their jobs.

Despite police departments across the country denying the existence of quota systems, the Free Though Project continues to expose them. 

If you are a police officer or know one who wants to expose department corruption, send us an email at contact@thefreethoughtproject.com. Shining light on the darkness is the only way to prevent this corrupt leviathan from reaching unstoppable proportions.


Read more - 
http://thefreethoughtproject.com/cops-country-disciplined-brutality-writing-tickets/

Sunday, 8 March 2015

Researchers 99% certain that hormone-altering chemicals are linked to attention problems, diabetes, other health problems -

Researchers 99% certain that hormone-altering chemicals are linked to attention problems, diabetes, other health problems - 



Exposure to hormone-disrupting chemicals is likely leading to an increased risk of serious health problems costing at least $175 billion (U.S.) per year in Europe alone, according to a study published Thursday.


Chemicals that can mimic or block estrogen or other hormones are commonly found in thousands of products around the world, including plastics, pesticides, furniture, and cosmetics.

The new research estimated health care costs in Europe, where policymakers are debating whether to enact the world's first regulations targeting endocrine disruptors. The European Union's controversial strategy, if approved, would have a profound effect on industries and consumer products worldwide.

Linda Birnbaum, the leading environmental health official in the U.S. government, called the new findings, which include four published papers, "a wake-up call" for policymakers and health experts.

"If you applied these [health care] numbers to the U.S., they would be applicable, and in some cases higher," says Birnbaum, director of the U.S. National Institute of Environmental Health Sciences.

The researchers detailed the costs related to three types of conditions: neurological effects, such as attention deficit disorders; obesity and diabetes; and male reproductive disorders, including infertility.

Photo: Diabetes
Some hormone-altering chemicals in consumer products have been linked to increased risk of diabetes. 
PHOTOGRAPH BY MARIO ANZUONI, REUTERS/CORBIS
The biggest estimated costs, by far, were associated with chemicals' reported effects on children's developing brains. Numerous studies have linked widely used pesticides and flame retardants to neurological disorders and altered thyroid hormones, which are essential for proper prenatal brain development.


The researchers concluded that there is a greater than 99 percent chance that endocrine-disrupting chemicals are contributing to the diseases, according to the studies published in the Journal of Clinical Endocrinology and Metabolism.

Tip of the Chemical Iceberg

The estimate was limited to a handful of chemicals commonly found in human bodies: bisphenol-A (BPA), used in hard plastics, food-can linings, and paper receipts; two phthalates used as plasticizers in vinyl products; DDE, the breakdown product of the banned insecticide DDT; organophosphate pesticides, including one called chlorpyrifos used on grain, fruit, and other crops; and brominated flame retardants known as PBDEs that were extensively used in furniture foams until they were banned in Europe and the United States.

BPA, DDE, and the phthalates were examined for their links to obesity and diabetes, phthalates for male reproductive effects, and flame retardants and organophosphate pesticides for neurological effects.

Together, these represent about 5 percent of endocrine disruptors—or "the tip of the proverbial iceberg," says Leonardo Trasande, an associate professor of pediatrics and environmental medicine at New York University School of Medicine. He was the main study's lead author.

"The chemicals were chosen based on the quality and amount of available evidence," says Bruce Blumberg, a University of California, Irvine, professor of developmental and cell biology and co-author of the obesity and diabetes paper.

Evidence linking the pesticides and flame retardants to neurological effects was the strongest, showing "near certainty of causation," Trasande wrote in a summary.

The researchers also reported that chemicals contribute "substantially" to obesity, diabetes, and male reproductive disorders. Those findings were based on previous research, largely in the United States and Europe, that tracked the exposures and health of people over extended periods of time.

The estimated health care cost associated with chemicals in plastics is at least $28 billion per year, according to the researchers.

Extent of Harm Debated

Nevertheless, at the heart of the debate about endocrine disruptors is whether the science has adequately established that they actually are contributing to increases in human disorders.

Daniel Dietrich, a toxicologist at University of Konstanz in Germany, questions whether the traces of chemicals that people encounter through products, food, and environment are large enough to cause harm. He also questions whether hormone disruption itself should be considered a health effect, an issue which is central to the European Union's policy debate.

"You can only judge on the available science. Maybe in 30 years we will judge this differently," says Dietrich, who has served on European Union science panels and is a former adviser to a chemical industry-funded group called the European Centre for Ecotoxicology and Toxicology of Chemicals, or ECETOC.


Representatives of pesticide-manufacturing companies criticized the report, saying that "to ascribe these disorders to endocrine disrupting chemicals in the environment is misleading and potentially harmful." Pesticides undergo thorough testing for effects, and "based on the results for estrogenic activity, pesticides are not of concern," according to a statement by the trade group CropLife America. Some pesticides, however, have been linked in some studies to estrogenic and other hormonal effects.

Chemical manufacturers expressed similar concerns, saying without proven health effects, the study could "create potentially unnecessary public health concerns" and misallocation of scarce funds.

Neurological Effects Most Costly

To arrive at their cost estimates, the researchers used data that their expert panels agreed provided "the strongest causal evidence," Trasande says. To calculate the likelihood of a particular chemical causing a specific health effect, they used methods previously developed by the U.S. Institute of Medicine, the World Health Organization, and the Intergovernmental Panel on Climate Change. This enabled them to calculate each chemical's contribution to the prevalence of a disorder, then assign a value to the health care costs.

"A major surprise was that the neurological effects were the most costly," totaling at least $146 billion per year, says study co-author Philippe Grandjean, a professor of environmental medicine at the University of Southern Denmark and an adjunct professor at Harvard's T. H. Chan School of Public Health. Those estimated costs included treatment as well as providing special education and other services for children and others with lower IQs or learning or behavioral disorders.

On its own, hormone disruption is not a health effect, Grandjean says, but it leads to "very important adverse effects and is something we can test for and therefore prevent."

Birnbaum, who did not participate in the new research, said evidence is mounting that people's health is being jeopardized by an array of commonly used chemicals.

"The point is that there is a wide variety of effects being seen in the general population related to endocrine-disrupting chemicals. We have increasing amount of data raising concerns about their use," Birnbaum says. "We are seeing effects from [chemical] levels that are present in the general population."

To put $175 billion in perspective, it is more than the combined proposed 2016 budgets for the U.S. Department of Education, Department of Health and Human Services, National Park Service, and Environmental Protection Agency combined.

"The overall estimates in my opinion are very conservative," says study co-author R. Thomas Zoeller, a University of Massachusetts, Amherst biology professor who specializes in chemicals that disrupt thyroid hormones.

Following years of analysis, the European Commission is now reviewing more than 27,000 public comments on its controversial proposal defining endocrine-disrupting chemicals. A lawsuit has been filed against the commission by Denmark, Sweden, and the EU Council of Ministers over failing to meet a December 2013 legal deadline for introducing this definition.

The European Commission expects to complete an "impact assessment" of potential regulation of the chemicals in 2016, an effort begun in 2013.

Read more - 
http://news.nationalgeographic.com/news/2015/03/150305-chemicals-endocrine-disruptors-diabetes-toxic-environment-ngfood/

Saturday, 7 March 2015

New app that analyses facial expressions will be able to tell if you're lying -

New app that analyses facial expressions will be able to tell if you're lying - 



You may actually have to tell the truth at your future job interviews thanks to new software that acts as a 'lie detector' by analysing your facial expressions. 
It has been created by American company ooVoo who believe it will be useful in the world of business and politics, according to the Telegraph.
Researchers fed a computer huge amounts of pictures showing human expressions - collected as part of a project on autism - to 'teach' it how to read emotions, Christopher Williams reported.
But even the firm behind the technology admits 'it is going to cause some worries for people' because of privacy issues.

It could also be used during financial negotiations to gauge if someone is going to commit to deal, according to ooVoo, which is working in partnership with a leader in perceptual computing and emotional analytics.
Affectiva's technology was developed at the Massachusetts Institute of Technology. 
The firm is also planning to use the app in retail to see how customers react to a particular product or display.
The company - whose web-conferencing app has been downloaded by over 100 million people worldwide - unveiled their new software at the mobile industry's biggest technology showcase in Barcelona this week.

Political pollsters are already planning to use it on a wide scale during the next US presidential election next year after testing it in the country.
With more and more employers interviewing potential candidates over video chat, it could be used to gather more information about their body language - and even if they are lying. 
The managing director of Myrian Capital who own ooVoo believes this would simply be 'another source of data' for employers.

He said: 'There are major implications of this , including privacy and it is going to cause some worries for people.
'But history shows these worries get addressed wither by regulation or people just getting used to things.'
More complicated and potentially controversial versions of the software are also in development. 

Read more - 
http://www.dailymail.co.uk/news/article-2984148/How-s-poker-face-New-app-analyses-facial-expressions-able-tell-potential-employers-lying.html

How ADHD Is Linked To A Failing Education System -

How ADHD Is Linked To A Failing Education System - 



This powerful animation is based on a TED talk by leading education expert Sir Ken Robinson, whose passion and knowledge about his subject matter may forever change your perspective on traditional schooling.

Robinson’s first TED talk was entitled ‘How schools kill creativity’, (JON IF THAT ONE IS PUBLISHED FIRST, PLEASE ADD THE LINK HERE) and is one of the most popular TED talks of all time. He has since given more lectures on how traditional systems of education are failing children around the world, and this fantastic cartoon sketch by RSA Animate does a great job of adding imagery to Robinson’s powerful message on ADHD.

Robinson calls the condition a “fictitious epidemic” and blames the huge rise in ADHD cases on two things: Firstly, what he calls “medical fashion”, and secondly, the huge failure of the education system to keep children interested in what they are learning.

Robinson’s main bugbear is that schools stamp out a child’s ability to think outside the box, not to mention their thirst for knowledge and love of learning. He speaks about how the current system of education was born, and how it bears no relevance whatsoever to the modern world we should be preparing our children for. Like fellow education expert Marty Nemko, Sir Ken believes that “Working hard and getting a college degree is no longer a guarantee of a good career.”

“The problem is, the current system of education was designed, conceived and structured for a different age,” he argues. “It was conceived in the intellectual culture of the enlightenment, and in the economic circumstances of the industrial revolution.” This system, claims Robinson, “Has caused chaos in many people’s lives.”



Robinson believes that ADHD is a by-product of this chaos, pointing out that the condition “has risen in parallel with the growth of standardized testing”. He questions whether the children who are being prescribed Ritalin to calm them down aren’t simply being anesthetized instead, adding that a focus on the arts (being present and fully alive) would be a much better solution to the problem of boredom and fidgeting in class. “Anesthetics shut your senses off and deaden them,” says Robinson. “We shouldn’t be putting [children] to sleep; we should be waking them up.”

Robinson cites a very interesting study which proves beyond a doubt that education is fundamentally at odds with divergent thinking (what you or I may refer to as ‘thinking outside of the box’). While 98% of 1500 kindergarten kids tested performed well at thinking of various ways to use a paperclip, five years later this had dropped to just 50% of the same group tested. It continues to deteriorate as the child goes through the education system.

Robinson makes an excellent case about how group work is a key part of socialization and education, highlighting the fact that traditional schooling teaches our children the very opposite lesson: “They spend years at school being told: ‘There’s one answer, it’s at the back. Don’t look and don’t copy’. Inside school that’s cheating; outside school that’s collaboration.”

In summary, Robinson makes a strong case for a paradigm shift in the way we educate our children. We need to stop assuming that age is the best way to group them. We need to stop focusing on standardized tests, stop drugging them, and focus on individual achievement and ability. And finally, we need to value creativity in the same way we value academia.



Read More: http://www.trueactivist.com/how-adhd-is-linked-to-a-failing-education-system/

Friday, 6 March 2015

Mystery 'noise' could be an Earth-like world: Strange signals suggest habitable planet exists 22 light years away -

Mystery 'noise' could be an Earth-like world: Strange signals suggest habitable planet exists 22 light years away - 



Astronomers believe mysterious signals - previously dismissed as stellar bursts - are coming from an Earth-like planet.
The Gliese 581d planet has conditions that could support life, and is likely to be a rocky world, twice the size of Earth.
Signals from the planet were initially discovered in 2010, but last year dismissed as noise from distant stars.

Now, a further study claims that the 2014 research was based on 'inadequate analyses of the data' and that Gliese 581d does exist.

The planet was initially discovered in 2010. It was the first Earth-like planet found in the 'Goldilocks'-zone around another star.
But soon after the discovery, a group of scientists said the signals thought to be from a planet were in fact simply magnetic bursts from stars.
The latest study claims that the stellar bursts research was based on 'inadequate analyses of the data'. 
They said the method is suitable for large planets, but the technique is unable to find small planets like GJ 581d.
Last year, Pennsylvania State University researchers said Gliese 581d - and its companion Gliese 581g - were simply a trick of the light caused by magnetic bursts from a local star 22 light-years away. 
The new British research, however, argues the method uses by the Pennsylvania team was only suitable for large planets, and that it could miss small ones like GJ 581d.
The study, by Queen Mary University, London and the University of Hertfordshire, claims to use a more accurate model on the existing data.
'The existence (or not) of GJ 581d is significant because it was the first Earth-like planet discovered in the 'Goldilocks'-zone around another star and it is a benchmark case for the Doppler technique,' said lead author, Dr Guillem Anglada-Escudé.

Read more - 
http://www.dailymail.co.uk/sciencetech/article-2983202/Alien-noise-Earth-like-world-Mystery-signals-suggest-habitable-planet-exists-22-light-years-away.html

Lockheed demos new high-power laser weapon - disabled a vehicle engine from a distance of more than one mile -

Lockheed demos new high-power laser weapon - disabled a vehicle engine from a distance of more than one mile - 



A 30-kilowatt fiber laser weapon system from Lockheed Martin successfully disabled a vehicle engine from a distance of more than one mile.

In the test -- said to represent the highest power ever documented by a laser weapon of its type -- the beam from the Advanced Test High Energy Asset, or ATHENA, quickly burned through the engine manifold of a truck mounted and running on a test platform, Lockheed Martin said.

"Fiber-optic lasers are revolutionizing directed energy systems," said Keoki Jackson, Lockheed Martin chief technology officer. "We are investing in every component of the system -- from the optics and beam control to the laser itself -- to drive size, weight and power efficiencies.

"This test represents the next step to providing lightweight and rugged laser weapon systems for military aircraft, helicopters, ships and trucks."

The single-mode fiber laser weapon system prototype uses a technique called spectral beam combining -- multiple fiber laser modules form a single, powerful, high-quality beam.

Lockheed Martin said ATHENA is based on its Area Defense Anti-Munitions laser weapon system , which was developed by Lockheed Martin and successfully demonstrated against small airborne and sea-based targets.

Read more - 
http://www.spacewar.com/reports/Lockheed_demos_new_high-power_laser_weapon_999.html

Thursday, 5 March 2015

Mark Cuban Warns: This Bubble Is Far Worse Than The Tech Bubble Of 2000 -

Mark Cuban Warns: This Bubble Is Far Worse Than The Tech Bubble Of 2000 - 



Just over a year ago, we warned that while the world of speculative capital is focused intently on the Twitter and Facebook #Ref/0 fundamental valuations in the publicly-traded equity markets, the real dot-com 2.0 bubble is occurring in the private markets. Few paid attention, prefering the head in the sand "well the music is still playing" meme; but one (or two) billionaires noticed, and with all eyes intently focused on Nasdaq 5,000 (as some indicator that we made it back to Nirvana), Mark Cuban unleashes uncontestible exposition why is this bubble far worse than the tech bubble of 2000.

It is different this time... and, as Mark Cuban explains, far worse...

Ah the good old days.  Stocks up $25, $50, $100 more in a single day.  Day trading was all the rage.  Anyone and everyone you talked to had a story about how they had made a ton of money on such and such a stock. In an hour.  Stock trading millionaires were being minted by the week, if not sooner.

You couldn’t go anywhere without people talking about the stock market.  Everyone was in or new someone who was in. There were hundreds of companies that were coming public and could easily be bought and sold.  You just pick a stock and buy it. Then you pray it goes up. Which most days it did.

Then it ended. Slowly by surely the air came out of the bubble and the stock markets declined and declined till the air was completely gone.  The good news was that some people were able to see it coming and get out. The bad is that others were able to get out, but at significant losses.

If we thought it was stupid to invest in public internet websites that had no chance of succeeding back then, it’s worse today.

In a bubble there is always someone with a “great” idea pitching an investor the dream of a billion dollar payout with a comparison to an existing success story.  In the tech bubble it was Broadcast.com, AOL, Netscape, etc.  Today its, Uber, Twitter, Facebook, etc.

To the investor, its the hope of a huge payout.  But there is one critical difference.  Back then the companies  the general public was investing in were public companies. They may have been horrible companies, but being public meant that investors had liquidity to sell their stocks.

The bubble today comes from private investors who are investing in apps and small tech companies.

Just like back then there were always people telling you their idea for a new website or about the public website they invested in, today people always have what essentially boils down to an app that they want you to invest in.  But unlike back then when the dream of riches was from a public company, now its from a private company.  And there in lies the rub.

People we used to call individual or small investors, are now called Angels.  Angels. Why do they call them Angels ? Maybe because they grant wishes ?

According to some data I found, there are 225k Angels in the US. Like the crazy days of the internet boom,  I wonder how many realize what they have gotten into ?

But they are not alone.

For those who can’t figure out how to be Angels. You can sign up to be part of the new excitement called Equity Crowd Funding. Equity Crowd Funding allows you to join the masses to chase investments with as little as 5k dollars.  Oh the possibilities !!

I have absolutely not doubt in my mind that most of these individual Angels and crowd funders are currently under water in their investments. Absolutely none. I say most. The percentage could be higher

Why ?

Because there is ZERO liquidity for any of those investments. None. Zero. Zip. 

All those Angel investments in all those apps and startups.  All that crowdfunded equity. All in search of their unicorn because the only real salvation right now is an exit or cash pay out from operations.  The SEC made sure that there is no market for any of these companies to go public and create liquidity for their Angels.  The market for sub 25mm dollar raises is effectively dead. DOA . Gone. Thanks SEC. And with the new Equity CrowdFunding rules yet to be finalized, there is no reason to believe that the SEC will be smart enough to create some form of liquidity for all those widows and orphans who will put their $5k into the dream only to realize they can’t get any cash back when they need money to fix their car

So why is this bubble far worse than the tech bubble of 2000 ?

Because the only thing worse than a market with collapsing valuations is a market with no valuations and no liquidity.

If stock in a company is worth what somebody will pay for it, what is the stock of a company worth when there is no place to sell it ?
*  *  *

Of course, tomorrow's mainstream business media channels will trot out various asset-gatherers and commssion-takers who will denigrate Mr. Cuban's clarifications - just as they did Janet Yellen's Biotech warnings last year - but the question is: who do you believe? The billionaire with no ax to grind or the market maven "TV personality" with vested interests up the wazoo?

If examples are needed, see below...



Read more - 
http://www.zerohedge.com/news/2015-03-04/mark-cuban-warns-bubble-far-worse-tech-bubble-2000

Wednesday, 4 March 2015

For The First Time Ever, US Consumers Spent More On Food In Restaurants Than In Grocery Stores -

For The First Time Ever, US Consumers Spent More On Food In Restaurants Than In Grocery Stores - 



Over the weekend, we mocked the WSJ for glorifying the US "wage recovery" by focusing on the "scarcity" of waiter and bartender jobs ("there is fierce competition" for restaurant workers the WSJ said), a concept well-explored on these pages: we have shown repeatedly that soaring number of waiters and bartenders have been the "backbone", so to say, of the US job recovery in recent years (alongside energy workers but that ship has now sailed). As it turns out the joke's on us.

As Mark Perry of the AEI shows, for the first time ever, the spending patterns of US consumers are so skewed, that Americans, or at least a small fraction of them, spent more on restaurants and bars, than what Americans, the much larger fraction, spent on grocery stores to prepare food for themselves.

In other words, when it comes to food, either the bulk of Americans have forgotten how to cook and are hemmorghaning money to overpay for restaurant prepared dinners, or a small fraction of society - i.e., the 1% leisure class - now outspends the majority of the nation, those who can't afford to eat out no matter the amount of subsidies or handouts by the government, on food.



What is casuing this historic inversion is unclear, but what is clear is that it is full steam ahead fo the "waiter and bartender recovery" until all those Ivy League grads who can no longer finds a job on Wall Street are serving you a burger at your favorite fast food, and recently IPOed, burger place.

Read more -
http://www.zerohedge.com/news/2015-03-04/history-made-first-time-ever-us-consumers-spent-more-food-restaurants-grocery-stores

2015 Mighty Ford F-750 Tonka is the Dump Truck of your childhood dreams -

2015 Mighty Ford F-750 Tonka is the Dump Truck of your childhood dreams - 



Do you have a big sandbox behind your house? Like Sahara Desert big? If so, Ford may have just the thing for you.

The automaker has teamed up with Tonka on a custom dump truck to promote its new 2016 F-650/F-750 medium duty lineup.

The Mighty Ford F-750 Tonka that debuted Wednesday at the National Truck Equipment Association Work Truck Show in Indianapolis features a Truck Tech engineers dump truck body and is finished in Tonka’s iconic yellow paint with a black grille and decals touting that the toy brand has been “getting dirty since 1947,” which happens to be one year before the Ford F-Series debuted.

The F-750 it’s based on will be built in house by Ford, has a 33,000 gross vehicle weight rating, and in this configuration can haul up to 17,000 pounds. It’s powered by a version of the 6.7-liter diesel V8 offered in Ford’s super duty pickups, here with up to 330 hp and 725 lb-ft of torque.

And while Ford can’t match Tonka’s lifetime warranty, it comes pretty close. The engine has a five-year, 250,000-mile warranty. Unfortunately for those with young hearts and big backyards, the Mighty Ford F-750 Tonka is a one-off show car, but you can always just buy one in yellow and pretend.

Read more - 
http://www.foxnews.com/leisure/2015/03/04/mighty-ford-f-750-tonka-is-dump-truck-your-childhood-dreams/?intcmp=trending