Wednesday, April 15, 2015

Fidelity's Timmer: Fed's 'Caution' Bullish for Stocks



While the Federal Reserve has dropped the word "patient" from its policy statement, all indications are that it will wait until at least September to begin raising interest rates.

And that's good for stocks, says Jurrien Timmer, director of global macro strategies at Fidelity Investments.

"I wasn't as comfortable six months ago, because the Fed seemed determined to go a certain route no matter what anybody said, but I think they are heeding the message of the market now and are erring more on the side of caution," he told the Financial Post.

"The Fed is getting the message. The gap between what the Fed was saying and what the market was saying has shrunk."

Many economists believe the Fed will indeed move on rates in September. The central bank has kept its federal funds rate at a record low of zero to 0.25 percent since December 2008.

The Fed's massive easing program has played a major role in the stock market's six-year bull run that has seen the S&P 500 index triple.

"Global easing continues unabated and in the context of a modestly positive economic backdrop, it should be bullish for risk assets," he noted.

Plenty of economists criticize the Federal Reserve for its massive easing program, saying it's raising the risk of asset bubbles without helping the economy much.

But Richard Salsman, president of InterMarket Forecasting, put his criticism in particularly colorful terms.

"Slowly but surely, the U.S. Federal Reserve has institutionalized a similar type of monetary fiscal prostitution" as Japan, he writes in a commentary. "The Eccles Building [the Fed's headquarters] in Washington, D.C. has become a mere marbled house of ill-repute."

Salsman sees no end to the Fed's low interest-rate policy. "The Fed will keep mimicking the low-rate policy launched by the Bank of Japan and keep the fed funds rate below 3 percent indefinitely," he states.

Many experts think the fed funds rate will top out at 2 percent for the next few years, a far cry from the 4 percent norm of recent history before the 2008 financial crisis.

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Source: http://www.newsmax.com/Finance/StreetTalk/Timmer-Fed-stocks-easing/2015/04/14/id/638380/



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Falcon9 Reached The Barge But Did Not Survive The Landing [Updating]



Today's launch of Falcon9 and Dragon was a rousing success as essential supplies are now making their way to the ISS. As for the Falcon9 rocket, it reportedly "landed" on the droneship, but with considerable force.

Image: SpaceX

Today's launch happened at 4:10 PM ET/1:10 PM PT. The attempting landing occurred about eight minutes later.

SpaceX and Elon Musk are reporting that the rocket made its way to the barge, but landed way too hard:

Ascent successful. Dragon enroute to Space Station. Rocket landed on droneship, but too hard for survival.

Elon Musk (@elonmusk) April 14, 2015

We falcon punched the barge... @SpaceX CRS-6

SpaceX Engineer (@SpaceXEngineer) April 14, 2015

Here's quick gif of the lift off.

Here's the launch in all it's glory:

To recap, this will be the third attempt to land the rocket (not including yesterday's scrub), though the second attempt was called off due to high seas. For today's launch, the rocket will be loaded with more hydraulic fluid, which ran out during the first attempt. The barge has also been upgraded to handle rougher seas.

The un-occupied SpaceX rocket will be taking off from Cape Canaveral Air Force Station in Florida. It's headed for the International Space Station where it will deposit its cargo (payload details here). Among the various items going up are several zero-g coffee cups to go with the new espresso maker.

Additional reporting by Mika McKinnon

All images SpaceX

Source: http://io9.com/watch-live-as-spacex-tries-once-more-to-land-a-rocket-o-1697725749



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Tuesday, April 14, 2015

When was the first mail delivered via the Pony Express? 155 years ago today.



The Pony Express is a legendary service ... that only lasted for 18 months.

The first mail delivered via the Pony Express was sent on April 3, 1860 when it left St. Joseph, Missouri. Near midnight on April 14, 1860, the mail reached its destination in San Francisco. It was 155 years ago, but that first journey remains memorable today, even though the service only operated until October 1861 closing just 81 weeks after it began, killed off by the telegraph and other factors.

"In The american Memory, That Man Is Still Riding..."

Oddly enough, though, most of us don't think of the Pony Express as a flash in the pan. "In the American memory, that man is still riding across the country," says Christopher Corbett, author of Orphans Preferred: The Twisted Truth and Lasting Legend of the Pony Express.

So why do we remember the Pony Express at all? Partly because it was a genuine breakthrough in mail delivery. But also because it fits with our romantic ideas about the Old West.

Before the Pony Express, moving information was a huge pain

The 1850s saw a population explosion in California, as settlers from the Oregon Trail and California gold rush flooded into the West. But getting mail across the continent took about three weeks. In The Pony Express, author Tim McNeese describes the arduous delivery process for a typical letter: down a river, on a stagecoach to Arkansas, and then along poor roads on a stagecoach to El Paso and all the way across the desert.

The only other option was even more indirect: shipping from New York to Panama, then across Panama via train, and then onto another boat to San Francisco.

The Pony Express was a breakthrough in a few key ways

A Pony Express rider speeds across the country. (Underwood Archives/Getty Images)

The Pony Express began when three freighters, Alexander Majors, William Russell, and William Waddell, devised a relay system of a series of riders that would gallop across the country as quickly as possible.

What made the Pony Express new were the stations that dotted the route to switch out horses and riders. Each rider went for an average of 50 miles, day or night, and then handed off his pouch of letters to the next rider and horse for the next leg.

The company bought strong horses and ponies to ride, and the riders matched the pedigree of the animals. They were the 19th-century equivalent of bike messengers young, skinny guys who wanted to ride fast and make cash. Weight was far more important than Hollywood-famous cowboy skills like gunslinging, because a light rider could move faster.

The route from East to West was dangerous, but passable. According to Fred Reinfeld's book on the Express, only one rider died on route and his horse still made it to the next station with the mail. Conflicts with Native Americans were greatly exaggerated in later years the weather posed the greatest obstacle. You can hover to zoom over the map below orsee a larger version here:

A map of the Pony Express. (Buyenlarge/Getty Images)

One persistent myth is that the Pony Express tried to hire as many orphans as possible. Though the rumor can't be verified, it does illustrate the ethos of the company: speed at any cost.

The telegraph and a bad business model killed the Pony Express in just 18 months

The electric telegraph soon killed off the Pony Express. On October 24, 1861, the first transcontinental electric telegraph was completed, reaching from the Eastern United States to Sacramento, California. Two days later, the Pony Express ceased.

the business lost up to $30 for every letter it carried

But the telegraph was not the only reason the Pony Express went under. By all accounts, the Pony Express never made a profit because of its failure to secure a government contract to deliver letters, as well as interference from other conflicts, like the Paiute War, which disrupted much of travel across the West.

The business was always doomed. "It hemorrhaged money from the first day," Corbett says. "It was a bit of a madcap idea from the get-go ... the structure of the business was deeply flawed."

Some ledgers say the investors lost $200,000 in the venture and only made $90,000 in revenue. As the Postal Museum notes, the business lost up to $30 for every letter it carried.

The Pony Express became an American myth because of how we want to remember the West

An illustration of the first Pony Express rider's departure. (Ed Vebell/Getty Images)

The Pony Express was never just a business idea. Thanks to the public relations savvy of the owners and the enthusiasm of settlers who wanted their mail delivered quickly, the Pony Express ignited the public imagination.

A crowd greeted the first rider to reach Sacramento, and such crowds occasionally waited for and applauded speedy riders. For settlers searching for a quicker connection to the East Coast, it was a breakthrough.

That strong public reception continued after the Pony Express went out of business. It was boosted by champions like Buffalo Bill, who (falsely) claimed he rode for the service and promoted it in his Wild West show. Mark Twain mythologized the show as well, recording the Express in Roughin' It as an American tradition.

"It's A Benign Memory"

Dime novels leapt at the story and exaggerated the heroics of the already-bold riders. Later, in 1948, Hollywood jumped into the saddle with movies like Fort Apache, which strained credulity to insert a Pony Express rider into the action. Together, all these figures served to popularize the Pony Express myth.

Corbett says the appeal of the Pony Express is obvious: it's an American myth without American tragedy. The bloodshed, suffering, and seediness of the Wild West aren't part of the myth of the short-lived delivery service. "It's a benign memory of the Old West," he says. "It's a powerfully romantic figure on the back of a fast horse."

WATCH: 'Meet the enormous boats that carry your stuff'

Source: http://www.vox.com/2015/4/14/8406721/pony-express-delivery



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Christy Mack Opens Up About Brutal Attack By Ex-Boyfriend War Machine



By now, everyone has heard the story of the brutal assault on adult film star Christy Mack by her former boyfriend MMA fighter War Machine, AKA Jon Koppenhaver, that left her mutilated and nearly dead. If you havent, on August 8, 2014, War Machine broke into her Las Vegas home and flew into a rage after catching her hanging out with friend, Corey Thomas. The attack on Mack left her hospitalized with 18 broken bones, missing teeth, a ruptured liver, deep bruises throughout her body, and a broken nose.

Koppenhaver also allegedly cut off her trademark black mohawk with a dull knife during the attack.

For the first time since the attack, Christy Mack spoke out about it in an interview with ESPN yesterday, opening up about herself, her healing, and the surgeries she needed in order to fix the damage that had been done. Mack tells ESPN writer Jane McManus that although she has physically healed, her face is so changed from all the surgeries that sometimes, she doesnt even recognize herself.

I didnt look in the mirror for weeks. Just feeling my face, I knew it wasnt right, so when Id look in the mirror, its not me that person wasnt me. Its so hard to go every day without being you anymore.

In order to fix the damage, Mack had to have multiple bones reset, which left her with small, but noticeable changes in her appearance. Christy now needs to wear glasses due to the way the muscles around her eyes healed; so many of Macks teeth were broken, her mouth is now a different shape uneven veneers allow her to eat normally.

Christy Mack admitted that this wasnt the first time War Machine had been abusive, he became abusive about four to five months in, she said, but by that time I was totally in love with him. Christy wants everyone to know, though, that just because she stayed after the first time, or just because she was a p**n star, or just because he was an MMA fighter, or any other of the myriad of reasons people like to throw out there, doesnt mean she deserved it, or was asking for it, as is the common sentiment in cases of victim blaming. It wasnt OK for people to say I got what I deserved when they had no idea what my struggle was, Mack says in regards to the responses she got after posting pictures of the attack to her personal Twitter account.

Im not going to sit around in my hospital bed and have people say that I did something wrong. This is what happened, so I decided to put it out there. I did nothing wrong it wasnt like I said, Please hit me again,'

War Machine, who has pleaded not guilty to 32 felony charges, including the attempted murder of Christy Mack, awaits his trial which is set to begin in the fall from solitary confinement, after having tried to commit suicide on October 14. If found guilty of all 32 charges, he could face life in prison. He still maintains he is innocent of the attack on Christy Mack, though one would think if he was in fact innocent, he would feel some sort of empathy for a woman he was supposed to love, rather than laugh during her emotional testimony.

Source: http://www.inquisitr.com/2008542/christy-mack-opens-up-about-brutal-attack-by-ex-boyfriend-war-machine/



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Jodi Arias Gets Life in Prison Without the Possibility of Parole



Jodi Arias has been sentenced to a natural life sentence with no possibility of parole.

Arias was found guilty in May 2013 of murdering her on-off boyfriend, Travis Alexander, five years earlier.

Because two previous juries were unable to decide whether or not she should receive the death penalty, the final sentencing decision was up to Judge Sherry Stephens at today's hearing. Stephens had to rule on whether Arias would serve her natural life in prison or have the possibility of parole after 25 years.

After hearing tearful statements from Alexander's sisters, the court also heard Arias' mother asking for leniency, and then Arias' final plea to receive the possibility of parole in 25 years.

"It's my firm belief that death would bring me untold peace and freedom. If I die today, I would be free and I would be at peace," Arias said as she appeared in a prison jumpsuit in Maricopa County Court. "For years, that's exactly what I wanted. But I have to fight for my life just like I did on June 4, 2008 because I realize how selfish it would be for me to escape accountability for this mess that I created."

Arias, who was convicted of first degree murder, maintained that Alexander was trying to attack her when she stabbed him multiple times and shot him.

"To this day I cannot believe I was capable of doing something that terrible," Arias said. "I'm truly disgusted and I'm repulsed with myself. I wish there was some way I could take it back."

Mark Henle/The Arizona Republic/AP Photo

PHOTO: Hillary Wilcox, a sister of Travis Alexander, makes a statement during the sentencing of Jodi Arias in Maricopa County Superior Court, April 13, 2015, in Phoenix.

Arias' testimony came after Alexander's relatives tearfully urged the judge to give the convicted killer the strongest possible sentence available.

"It hurts too much to remember him alive because if I remember him, I remember too much about how he was brutally taken from us and I can't handle it," Alexander's sister, Hillary Wilcox, said amid tears in Arizona's Maricopa County Court this morning. "This is what I've had to do so I can cope."

Wilcox said that sometimes when she does think of him, she is in the shower, and, "I know that's because that's where she killed him, so I have to quickly shake it out of my head and get out of the shower."

The second sister to speak, Tanisha Sorenson, turned and directly addressed Arias, citing Arias' earlier claims in her personal journal where she said the person who killed Alexander deserved to die.

"What happened to that, Jodi?" a tearful Sorenson asked as she faced Arias.

Mark Henle/The Arizona Republic/AP Photo

PHOTO: Tanisha Sorenson, a sister of Travis Alexander, reacts during the sentencing of Jodi Arias in Maricopa County Superior Court, April 13, 2015, in Phoenix.

Sorenson also told the judge that she and her relatives have been harassed by Arias' supporters throughout the trial, saying that they "send me pictures of my brother's dead body, his autopsy photos, his blackened face and slit throat, to my email and my Facebook page. ... I did not ever think we would be victimized."

Alexander's relatives and friends were all seen wearing blue in solidarity.

Prosecutor Juan Martinez said that Alexander's relatives hope that Arias is sentenced to serve life without the possibility of parole "not because they want to be vindictive, but [because] as you have also seen, what happened in that bathroom was a butchering."

All but one holdout on the second jury wanted to give Arias the death penalty, jurors said. However, because a unanimous decision was not reached, Stephens was tasked with determining her prison sentence, and the death penalty was taken off the table.

Arias took the stand for a marathon 18 days in the first trial, which turned into a national spectacle with live coverage. Judge Stephens ruled that cameras were not allowed in court during the second trial, covering the sentencing phase, except for the reading of the verdict.

Source: http://abcnews.go.com/US/jodi-arias-victims-relatives-tearfully-judge-impose-maximum/story?id%3D30277868



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Masters 2015: Tiger Woods reveals injury scare after successful Augusta return



Tiger Woods survived another injury scare before recording his best Major finish since the 2013 Open.

The four-time Masters champion hit a tree root with his club as he played out of the rough on the ninth hole as he shot a closing 73 to finish tied 17.

It hurts, it definitely hurts," he said. "I didn't know there was a tree root there. I drilled the club straight into it. It didn't move, but my body kept moving.

"There's a little joint that popped out, and I was able to somehow put it back in, which didn't feel very good.

"At least I got it back in. I could move my hand again. It's sore. I'm not going to be lifting any weights for a while!"

Masters final day: Best pictures

VIEW GALLERY

He finished 13 shots behind winner Jordan Spieth but this was the first time Woods completed 72 holes in an official PGA Tour event since the 2014 WGC-Cadillac Championship in March last year when he tied for 25th.

He underwent back surgery soon after and has played just eight worldwide events since and just three this year. During that stretch, he withdrew from two tournaments and missed the cut in three other.

But after finishing tied 17 following a nine-week layoff, Woods said: It was mostly positives this week. Considering that I, the state of my game the where it was at Torrey and Phoenix.

"You saw the state of my short game at the time, because again I was caught in between two different patterns. But now my short game's my strength again, which is good stuff.

Source: http://www.mirror.co.uk/sport/golf/masters-2015-tiger-woods-reveals-5509557



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Monday, April 13, 2015

Taraji P. Henson on 'SNL': Cookie Lyon Invades 'Sesame Street,' Nicki Minaj ...



Oscar-nominated actress trots out her Empire character and cleverly impersonates comedienne during parody of NBCs Hollywood Game Night

Taraji P. Henson is not a comedienne, but the Oscar-nominated actress is hilariously over-the-top as Cookie Lyon in Foxs top-rated, soapy drama Empire. Sketch comedy is a hard beast to tame and Henson proved this when she set out to conquer the art form as a first-time host on Saturday Night Live this weekend.

In her opening monologue, she strutted and sang with a choir about achieving long overdue mainstream acclaim in a song called I Made It.

This is so nice, Henson deadpanned before the song. After 20 years in show business, white people finally know who I am.

In some of the nights other sketches, Henson went on to play a lawyer in an HLN sketch, a QVC host in another bit and Nicki Minaj in a parody of Home.

A Boyz N the Hood inspired parody titled John Singletons Game of Thrones short turned out to be rather funny with well-timed cameo from GoTs Nikolaj Coster-Waldau aka Jaime Lannister and not because of Henson.

After Weekend Update, Henson impersonated comedian Wanda Sykes in a Hollywood Game Night sketch that really showed off her comedic chops. Henson drew big laughs as she nailed Sykes voice and walk.

To no ones surprise, Empire made its way onto the show and Henson once again proved how funny she is as Cookie Lyon this time on a Sesame Street short that included an Elmo coat.

Henson also garnered giggles as Janelles freak dancing mom on the recurring web show sketch How To Dance with Janelle and as a black woman who wanted to play baseball in a bit that intelligently parodied A League of Their Own.

If SNL had reversed the order of the sketches and showed the Sesame Street, Janelle and baseball pieces first, the episode wouldve been much stronger. Instead, the writers probably disappointed a lot of Empire and Henson fans early on.

In other segments, Weekend Update was a treat with Michael Che delivering a few brilliantly crafted one-liners on police shootings and college riots and a delightful cameo by Billy Crystal as Jacob the Bar Mitzvah Boys dad.

Meanwhile, Kate McKinnons SNL domination continued as she nailed it in both the cold open as Hillary Clinton and as Jane Lynch on Hollywood Game Night. The added bonus was seeing Darrell Hammond as former President Bill Clinton again.

Saturday Night Live airs 11:30 p.m. Saturdays on NBC.

Watch sketches from Tarajs SNL episode:

Source: http://www.thewrap.com/taraji-p-henson-uneven-on-snl-sesame-street-works-nicki-minaj-doesnt/



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