Who are the most succesful traders in binary options? - Quora

me_irlgbt survey results! really long post! this took me 6 days! exclamation mark!

Long post. REALLY long post. buckle in.

TLDR at the end

First off, thanks to everybody who responded! There were 467 responses in total, which is amazing. I know filling out surveys online can be boring, so I really appreciate you all indulging me for this.
A few notes before we get started!
Now. Let's get started with the results.

Total survey responses: 467

DEMOGRAPHICS SECTION

AGE: 460 responses

https://imgur.com/thGOvqi
As we can see here, the majority of respondents are between the ages of 13-24, with most being 18-24. No surprise, this pretty much tracks with the general demographics of reddit. We have 3 tiny kiddos who responded, bless them. One person over 60, heyhowareyougorge. It’s interesting to cross-reference the age demographics with the type of posts we see here. I’m in my early 20s, which in gay years is like being in your early 40s, and i’ve been out for years. I see a lot of closet or coming out type posts, which I personally don’t relate to as much any more, but that totally tracks with the amount of youngins we have here. If you’re looking to karma whore, here’s the data you need.

COUNTRY: 457 responses

https://imgur.com/xwAb3g8
So, clearly very US-heavy. Again, not a surprise here for a US-based website. I would like to confess to purposefully splitting up the UK demographics out of sheer curiosity too; I’m Scottish and wanted to know how many fellow Scots I had. Happenin troops.
I also wanted to use this to see how many people were from countries with less legal protections for being LGBT. The countries in here I’d particularly like to highlight are:
Dominica, where it is illegal to be gay. Penalties include a 10 year prison sentence, or “incarceration in a psychiatric institution.” Absolutely no legal protections for any LGBT people. That’s pretty fucked.
India has no legally recognised same sex unions, no same sex marriage, no adoption, but all of these things have been proposed. some anti-discrimination laws. They have a third gender option, called hijra. Trans people do have some legal recognition of gender, which is nice. As far as I’m aware, this situation is pretty unique to India.
Qatar, where same-sex sexual activity is punished by fines, imprisonment, or the death penalty. Obviously no legal protections.
Russia, where same-sex sexual activity is technically legal, but in Chechnya, it is heavily punished. Gay people are abducted and sent to concentration camps in this region. Russia has done little to prevent this.
Singapore, where there is technically punishment of up to 2 years in prison for male same-sex sexual activity, but this is apparently not enforced any more. F/F is legal though.
Malaysia, where it remains illegal to be gay. Punishments can be up to 20 years in prison, fines, or whippings, just for engaging in same-sex sexual activity. However, a 2016 court ruling did recognise gender changes as a fundamental constitutional right, according to wikipedia.
I’d like us to take a moment to remember, especially if you’re from the US, that the fight for LGBT rights is far from over. It’s not some distant thing. Even people on this good gay subreddit could face severe punishments for their identity. If you are in a country with legal protections, take a moment to be thankful. If you can, please educate yourself on the state of LGBT rights in these countries, and see if you can do anything to help.

ETHNICITY: 463 responses

https://imgur.com/hk6KINj
Again, not particularly surprising results here. Reddit is a pretty overwhelmingly white website. I’m a full blown white person so I’m not sure how much I can really say here without verging out of my own lane. I do think we should keep this in mind however, because as a largely white subreddit we may not have so many people calling out racism when they see it. I don’t want POC to feel ignored here just because they make up a smaller percentage of our demographics, so I welcome any POC responses here as to how we’re doing with that. I personally haven’t seen too much racism, as the bigotry we tend to get is centred around our lgbt identities. Whenever I see it it tends to be anti-black, and usually confined to usernames. I do try to ban that whenever I see it, but I’m only one person, so I do rely on you to report things to me!

GENDER: 467 responses

https://imgur.com/GOMLltE
https://imgur.com/BY9eRfU
Now, this is the one I’ve had to go in and fuck with. This, and all the other charts, are basically just the raw data in visual form. The chart above is each individual response, allowing for those who selected multiple options. So, rather than counting every time someone selected “male”, then “nonbinary”, etc, it’s counting every time a person selected “male + cisgender,” “nonbinary + queer”, if that makes sense.
This chart here is the one I’ve fucked with, that just has the amount of times an option was selected.
https://imgur.com/ejdAKm9
I basically simplified the data here. Whenever someone said something like unsure, unknown, etc, this was put under “questioning”. The “other” responses are the only ones that received significant editing. These were long-form responses that could not be parsed into simple answers, so here they are in their entirety.
Now, I could probably have parsed them into other categories, but honestly I thought this was more entertaining.
Some important things to remember when reading this data! * I collected it pretty poorly. I wasn’t aware of how google would collate it and i done goofed a bit. Take it with a pinch of salt. * once i “simplified” the data to look at how many times each option was selected, I ended up with almost 800 pieces of data. You’ll recall that only 467 people responded to the survey, so there is significant overlap. This is why I'm showing you two versions. The crossover is not fully clear, and there’s probably ways I could process this data better, but i’m gonna be real with y'all it’s a lot to wade through and I'm honestly just bad at this * This question allowed people to choose as many or as few labels as they wanted. Some people listed their gender as just “transgender” with no other qualifiers, for example. Therefore this data should be treated as only a partial picture of the gender demographics of this subreddit

PRONOUNS: 464 responses

https://imgur.com/lsP8661
Again, I arguably messed up on the collection of results here, BUT, I do think it’s very interesting to see the combinations of pronouns people use. For example, I think it’s cool to see that, among those who use they/them pronouns
Now obviously it’s gonna be difficult to argue for these results to be generalised to the population at large, but this does support what I’ve seen anecdotally for a while; neutral pronouns are often used alongside non-neutral pronouns. We might not have seen this if I had been a better researcher.
Here is the version with my own editing, simplification, and parsing of “other” results:
https://imgur.com/6sR4w3U
Other results are as follows, presented without comment
Among neopronoun usage, we have specific examples of: * ve/ver * it/its
If we put this alongside the “other” responses that indicate neopronoun usage, we can say that 5 of our respondents use, or are comfortable using, neopronouns.
I think this is an interesting point to highlight, because common transphobe rhetoric is that people are using a “confusing” variety of pronouns. We have a generally trans-friendly sub (at least I hope so), and out of 464 respondents to this question, only 5 people indicated neopronoun usage. Could it be that this line of thinking, that people are using confusing newfangled pronouns, is just an uninformed scream from the ignorant?

SEXUALITY: 467 responses

https://imgur.com/CXVxEKc
Again, raw data. For this one I don’t feel it’s super necessary to go in and parse out who picked multiple things, because the data here seems kinda straightforward, if you’ll pardon the pun.
We have a lot of bi and pan people here. Again, it’s difficult to argue for the generalisation of these results, but this does support evidence of bisexual people making up the majority of the LGBT community. If we compare this to the by now well known findings from the Kinsey institute, this does support the belief that most people are likely neither a Kinsey 1 or a Kinsey 6, but somewhere in the middle. It’s not directly comparable because I didn’t use the same metrics, but it’s interesting to think about.
I also think it’s interesting to see so many straight respondents. Of course, this could just be trans people who are straight, but I know from the comments I’ve received that some people who responded are totally non-LGBT, just allies.
Also, shoutouts to “an absolute mess” and “just desperate for love”. Same, babes.

EDUCATION: 461 responses

There were enough “other” responses that I felt like I needed to go in and take those out, so here’s the raw data before I did that.
https://imgur.com/eguYGeK
And here is the simplified version
https://imgur.com/DZClNVV
Here are the “Other” responses
My favourite response is “IDK not american”. As we all know, education only exists in America.
Anyway, this pretty much tracks along the age demographics. With a population mostly aged between 13-24, it makes sense that the majority are high school or college educated.
Of course, it should be kept in mind that not everybody’s education is a linear or traditional experience, and won’t completely track with our age demographics.
Shoutouts to the 3-4 people with PhDs tho, mad respect.
And that wraps up our demographics section! Onto some of the cool shit.

PERSONAL LIFE SECTION

POLITICAL ALIGNMENT: 477/467

https://imgur.com/TUQNBVJ
Here’s the raw data. As you can see, there’s a lot of write-in responses. If you’ve spent any time hanging out on this subreddit, I don’t think it’s any shock to see how overwhelmingly left-leaning we are. I think this sort of goes with the territory of being an LGBT subreddit though, we do tend to develop liberal politics as an attempt to avoid homophobia and transphobia, and then from there it’s easy to fall into leftist politics, especially on places like Reddit.
Simplified data: https://imgur.com/isja5Kc
Other responses:
  • Don’t have these words in AUS
  • I have a hard time understanding all the different words, but I know I’m the opposite of Donald Trump
  • LibCenter
  • anarcho-communist
  • social libertarian
  • Hard to say since these terms mean slightly different things in different places/political climates
  • Whoever isn't a racist bigot
  • slutty sjw whos ready to bust a fat nut and shoot capitalists
  • angry *Governmental axis: libertarian. Economic axis: centrist. Social axis: progressive
  • I don't have a strict political alignment, I just think that every politician can have good ideas whatever their alignment is
  • I vote based on the current goals of each party
  • regulated markets, welfare capitalism, taco trucks on every corner. thank you for coming to my ted talk.
  • Whatever is Civil Rights
  • leftish antiauthoritarian
  • no one changes anything but rich mens pocket books
  • Progressive
  • Green
  • Prefer not to say
  • Independent
We’re clearly a very left-leaning subreddit here. I think it’s interesting that out of a total of 447 responses, only 9 disclosed that they were on the right-hand side of the political spectrum. Is this because only 4% of people round these parts are on the right, or is due to an unwillingness to identify with conservative politics, even on an anonymous survey? Difficult to know for sure. Interesting data tho amirite.
Also whoever answered “slutty sjw whos ready to bust a fat nut”, same girl

RELIGION 460/467

Raw data: https://imgur.com/oQQWZH9
Again, a fuckfest here, but even before we go in and parse things out we can see that 336/460 indicate atheist or agnostic beliefs. This sort of goes along with my hypothesis/unscientific belief that a majority of LGBT people are non-religious, or will find religion themselves later on. I personally would love to do research on the prevalence of found religion in later life, especially pagan/wiccan type beliefs, in LGBT people. I think a lot of us do really desire that sort of connection to spirituality, but can’t always get it from the religions we were raised in. This is from my perspective as a western white person raised around christian/catholic beliefs; I know there’s differences with, for example, Judaism, where it’s fully baked into the culture to question and argue with your own beliefs, so I know there’s a hell of a lot of cultural bias going into this assumption.
Simplified data
https://imgur.com/FimSsoh
I’ve kept Atheist/agnostic as separate categories, grouped the different Satanism responses, and again created an “other” category.
Other responses:
  • Both Christian and agnostic
  • Dragons
  • exmormon
  • I don't believe in a conscious force making decisions, but there is some sort of force underlying the physical world
  • idk man. dudeism?
  • Its a mix
  • Meh
  • None (not explicitly atheist or agnostic, just...ehhhhh)
  • Unitarian Universalist
  • Science Christian
Given that this is Reddit, I’m not surprised by the high amount of atheist/agnostic responses, given that the site still has a strong legacy left behind by the glory days of /atheist. With this bias in mind, I do still think this presents a compelling basis for further research on the religious affiliations of LGBT people.

RELATIONSHIP STATUS 465/467

https://imgur.com/vcrZae3
This one actually didn’t require much fucking with, so I’ve just presented the gently simplified data.
Other responses
  • In a queer-platonic relationship
  • I walk a lonley road, the only one that i have ever known.
  • I’m not really sure rn
  • It’s complicated
  • In a polyamorous relationship
  • I have a domme
  • Polyamorous
  • On a crash course to divorce :(
Wow we’re a single lot aren’t we
Honestly I think this correlates with the age demographics. If I were a better data analyst I’d go in and confirm this with the data, but I’m not, so I won’t. Knowing that we have a lot of younger people, who are more likely to have either no relationship or a frequently changing/unstable relationship status, this kinda seems about right. It would be interesting though to compare this with relationship data from other LGBT communities. I think we all know the struggles of finding available partners, especially when you are, as the data suggests, in high school or college. It’d be interesting to see if the high rate of single people here is due to a desire to seek out other LGBT people in order to gain a sense of community as well. Maybe LGBT people in a relationship feel they already have enough of a sense of community and belonging and are therefore less likely to seek out LGBT spaces online. That’ll require some good qualitative data tho which is time consuming. Could be really cool tho.

THOUGHTS ON TERFS 463/467

Raw data: https://imgur.com/CQ2hSu4
This was a big question. There’s a lot of write-in responses here, so I’ll go through those.
Simplified data
https://imgur.com/YwNUYsR
Other results, presented without comment
  • accept everyone or get the fuck out
  • Confused
  • Fuck TERFs
  • Fuck TERFs
  • Fuck TERFs
  • Fuck TERFs
  • Fuck TERFs seriously
  • Fuck them with the rustiest rake you can find
  • Hate them
  • [Dislike] However, I do not condone jokes of violence against Terfs
  • I don't even know what that is.
  • I don't know or care what that means
  • I hate them so god damned much even the mention of the word terf makes me wanna punch a *wall then vomit.
  • I have never heard of this
  • I have no idea who they are
  • Idk bout them
  • liquidate them
  • Never heard of them
  • Not sure exactly what that means but if I understand it right I dislike them because I support transgender people
  • punch them
  • strongly dislike is not enough
  • [just a transphobic pro-terf comment]
  • strongly dislike isn't strong enough.
  • TERF is a slur lol
  • terfs r trash
  • They can go to hell
  • They have no place
  • Too little experience with them to form a meaningful opinion
  • we should set them on fire
  • trans rights babey
I think this is a pretty conclusive result. Of the 29 “other” responses, 20 of them indicate Dislike to Strongly Dislike. 5 respondents said Strongly Like, and 1 said Like. These respondents were the only ones who also put in positive “other” responses. 82% of responses were Strongly Dislike.
This is honestly going to inform my moderation style. I always remove outwardly transphobic comments, especially if they mirror the “rational people” comment in the responses above. However, seeing such a strong dislike of TERFs will likely mean I’ll remove more comments that are gently TERFy but not as explicit.
I do want to reiterate, this is a feminist space. I personally am a strong feminist. I hold some more radical feminist views. I also believe trans women are women, they have a place in the feminist movement, and in women’s spaces. You can absolutely be a trans INCLUSIVE radical feminist. Feminism is almost useless without intersectionality. Trans people are valid and welcomed here. Transphobia will never be tolerated here. Not up for debate.

THOUGHTS ON TRANSMEDICALISTS 460/467

Raw data:
https://imgur.com/rWZFUBp
Again, lots of write in responses. Same script as last time
Simplified data:
https://imgur.com/sQro5dq
Other results
  • At first glance, this notion makes sense to me, but I know to little about the issue to form a meaningful opinion
  • Dissagree w/ but not dislike as people
  • Don't know whether they're right or wrong since I'm not trans therefore can't confirm shit
  • Fuck truscum
  • Fuck truscum.
  • I can understand where they're coming from, but i think it's a harmful ideology all the same
  • I don't agree transition is necessary, since sometimes staying in the closet is the only way to survive. But dysphoria of some kind is necessary.
  • I don't understand how people can be trans if they've never experienced Dysphoria. Not being a dick, i just can't find an explaination.
  • I get where they're coming from
  • I have no opinion. If somebody says they're trans, all i want are their preferred pronouns.
  • I haven't heard about this before, I'd have to read up on it before giving an opinion!
  • I just need to shout about the exclusionary nature of the stance
  • I think dysphoria is necessary, but not medically transitioning
  • I’d err on the side of caution because it sounds like it could be ehhh. I don’t know enough about *the trans part of the LGBT+ community to properly answer this one
  • I’m not sure about them yet
  • It isnt nessacsry but many people do experience it
  • N/A
  • Neutral as long as they aren’t excessively pushy or rude about it.
  • New to this concept tbh
  • No opinion
  • Non-binary trans is still trans.
  • Not enough reading or research done on my part to have an informed opinion
  • Not familiar with this topic enough to say
  • punch them too
  • Therapists should treat it
  • There is background to their points but their attitude stunts progress for all trans people
  • they're very flammable too
  • trans people are trans regardless of what gender affirmations, if any, they choose to undergo. ❤️
  • trans rights babey
  • uncle terfs, more or less.
  • Unknown
  • wanting to be a different gender = gender dysphoria, so 90% of the time transmedicalism is just *pointless gatekeeping
This is the one I definitely needed trans people’s opinions on. I am cis-ish (androgynous butchy lesbian who occasionally likes a cheeky they/them pronoun but is for all intents and purposes a woman/dyke) and so feel entirely unqualified to weigh in and decide which side of the issue is “correct”.
  • 56.2% of responses indicate either Dislike or Strongly Dislike transmedicalists
  • Of the “other” responses, 15/29 indicate a dislike or disagreement with transmedicalist ideology
  • There is a large amount of “neutral” or “no opinion” responses. I can assume a lot of these are from cis people who, like me, feel unqualified to weigh in.
This is also likely to inform my moderation style somewhat. Again, I always remove blatant transphobia when I see it, and this includes anybody stating that nonbinary people are not valid, not real, etc. From these results, I’m going to assume this is the right move, and continue with this strategy.
I personally lean towards not believing in transmedicalism. Some of this may very well stem from my feminist views, but I generally think gender is extremely fluid, and that labels are only worth what the individual believes they represent. If any of you have an understanding of sociology, I tend towards a Weberian/symbolic interactionist approach towards labels in general. Therefore I believe whatever a person identifies as is probably the right identity for them, regardless of what I may think of it. This isn’t necessarily relevant to your understanding of the survey, but it may be relevant to your understanding of my moderation actions.
That wraps up this section! This was a long one, thanks for sticking with us <3

ME_IRLGBT OPINIONS

THOUGHTS ON THE SUBREDDIT 457/467

https://imgur.com/VUwfXtq
Finally, some data i don’t need to fuck around with. Note to self, do more ratings like this.
Obviously as a mod I’m happy to see that opinions trend above 5 here. The average score we’re getting here is 7.87 (2dp) and honestly, I’m down. If that was a movie on IMDB, that shit would be a pretty well-received movie. The most frequent response here is 8/10, and most responses are between 7-10, which tells me people generally enjoy hanging out here. I know there’s always a strong chance for bias here, because the people who are likely to respond to a kinda long survey for a subreddit are likely to be people who either really enjoy it, or really don’t. However, even with that bias, I’m gonna just take the W if that’s cool with you.

THOUGHTS ON MODERATION 445/467

https://imgur.com/pmkKyuC
Slightly lower trend than overall subreddit opinions, but the average is almost the same at 7.73 (2dp).
Since sending out this survey I have made some slight tweaks to my moderation style, as well as making some additions to the automoderator. We’ll chat about that later. I’m glad the overall trend here is positive though; I don’t want this to be a place where you all just end up resenting me.

DO WE NEED MORE MODS? 428/467

https://imgur.com/gwZuKtM
Other responses:
  • 🤷
  • don’t care
  • I don't know. I'm new to Reddit
  • i dont have a reddit account, and i very rarely check comments. I dont think i'm the best person to answer this.
  • I dont pay attention enough to say
  • I just discovered this subreddit like yesterday so I don't really know
  • I think we need mods who do more than just let people police the sub themselves. We may only need a new mod if the current mods don’t change how they mod. Respond to reports is what I’m saying (I don’t see almost any removed comments ever)
  • Idk
  • idk i just enjoy the memes
  • idk im just lurking here
  • Idk. How many moderators do you have?
  • if they're good moderators
  • maybe? i think a little more mod participation would be cool. just seeing admins in comments laughing and joking along with us, and sharing in the memes. i enjoy the hands-off approach but that doesn't mean i don't ever wanna see more mods chilling out and sorta like.,..... making their presence known and joining in on the fun!!! yknow it makes it feel safer
  • no idea tbh but it seems to be running ok
So the general answer here is that we maybe need more mods. Far more people said no than said yes.
Personal interpretation is that people may have felt more comfortable answering “maybe” than answering “yes”. I know that having one active mod for a 90k subreddit is not usual, and by now most subreddits will have gotten a couple more people in. I won’t speak for parlayv but, if you think i’m hands-off, she’s like, not even got hands. Hands not on this plane. We did create the subreddit together (IIRC I came up with the name and she was like “omg that needs to be a subreddit” and then, all of a sudden, it was) but I’m the one who pretty much runs it. I don’t think she’d take issue with me saying that. She’s too busy playing runescape and smoking weed anyway lmao
So, given the general results, I will look at bringing more mods on. I’ll probably pull from people I know first, and if that doesn’t work, may open up applications later. If this happens you’ll all know about it.
I’ll address some of the comments at the very end. Your concerns are not going unnoticed!

THOUGHTS ON RESEARCHERS 459/467

https://imgur.com/Px4XqGQ
Another very similar score, but this time the most frequent response by far is a 10. Average score is 7.84
This one was kinda important for me. I made the decision to allow researchers to post their surveys here. Full disclosure, when researchers come to me in modmail, my key concern is that they’ve followed all ethical procedures. So far, every single one has been done through a university in an official capacity, which means they have to prove they’ve gone through the ethics of their work and it’s been approved before they can even start researching. Whenever I’ve checked them out they seem completely fine, and I’ve so far not received any complaints, which makes me feel good.
I personally believe research is incredibly important for us to understand ourselves, as well as other people. I’m obviously biased as hell here because I’m a social sciences student but the whole reason I’m interested in this field is the benefits I believe it can bring to us. So if it’s cool with you all, I’m going to take this result as support for research posts. For now I don’t foresee any issues with frequency but we’ll revisit this if that becomes a problem. I’d like to give you all a sincere thank you for your positive reception to these posts <3

SHOULD WE BAN TERFS OR TRANSMEDICALISTS? 461/467

This question specified “regardless of rulebreaking”, meaning should they be banned on sight if they say they identify as either a TERF or a transmedicalist. I also meant if they posted in TERF or transmedicalist subreddits, but I didn’t specify this, so I won’t use that in my analysis of this data.
https://imgur.com/o1fevKC
Other responses
  • Allow them only if they don't say anything transphobic on me_irlgbt
  • ban 'em when they post inflammatory stuff to bait responses
  • allow transmeds to flair their posts/create separate sub
  • only ban Transmedicalists if they’re being dicks about it
  • don't know enough about transmedicalists to say
  • Ban transmedicalists, do not ban TERFs
  • Definitely ban TERFs, I just don't really know much about trans medicalists, so I feel weird making a definitive statement about them.
  • Definitely ban TERFs. I’m neutral on transmedicalists
  • Forum should not be allowed to become a hostile environment. They can easily do that.
  • I don't know the context behind transmedicalists but if they're anything like terfs then yes ban them
  • I think a distinction must be made between hate and ignorance. Obvious hate should naturally be answered with a ban, but rule-breaking content arising from possible ignorance should be met with a removal, private warning and, most importantly, directing the poster toward resources to educate themselves.
  • I think there is more ground to talk with transmedicalists but that I would prefer not to deal with them. TERFs should be banned regardless of circumstance.
  • I’m not sure how i feel about just “banning” people but i disagree with them both
  • if being mean
  • If making people uncomfortable
  • If they are strongly voicing there options, even in other sub, that may be harmful.
  • Keep them on a shorter leash
  • Maybe? Or at least make posting that stuff against the rules
  • No opinion
  • Only ban when breaking rules, but dismissing trans women & gnc/nb trans peeps should be against the rules
  • Only if they are putting forth their beliefs in a way to claim that people are not valid.
  • Still don't know anything about the transmedicalists but ban the terfs
  • TERFs have no rights and should go. Transmedicalists are... Kinda difficult? I used to consider myself trans and sorta get where they're coming from. I think it's just a generational issue? I don't think they should be banned outright, like TERFs should, but it should be made very clear that MeIRLGBT isn't the place to discuss that
  • Yeah, but only if you are sure they are terfs/transmed
  • yes, because they're harmful to trans communities and this subreddit should be safe.
Again, a generally anti-terf attitude, which is expected from previous questions.
Once again, this is mostly to inform my moderation style. I am hesitant to ban people because I don’t want to be seen as a powertripping mod out to get everybody. These results, alongside the other terf/transmed ones, are kind of encouraging me to take a slightly heavier hand than I currently am. Again, some specific responses at the end!

WHAT WOULD YOU LIKE TO SEE MORE OF? 98/467

This was complete free-entry, so I’ve gone in and grouped a bunch of the responses together.
  • Ace content: 3
  • Bi content: 4
  • Less bigots
  • Positivity/wholesome shit: 4
  • Trans content: 5
  • Commie shit: 2
  • Garlic bread: 2
  • That Gay Shit: 13
  • OC
  • More activity in general: 5
  • POC content
  • Memes: 25
  • NB content
  • Questioning content
  • Women
  • Intersex content
  • Surveys: 2
  • allowing different titles
  • mod posts for awareness days (ie bisexuality awareness, TDOR, etc)
  • more response to reports
  • peace, love, and understanding
  • a monthly challenge to make themed memes
  • clarity as to what this neat little subreddit is about
  • support threads/posts
Other responses were generally just “nothin, we good”, so that makes up the rest of the responses.
Further answers at the end!

WHAT WOULD YOU LIKE TO SEE LESS OF? 75/467

  • ”Hello gays”. Not everybody in /me_irlgbt is gay.
  • [i removed these comments for being transphobic lol]: 2
  • trolls/bigots: 21
  • That Het Shit: 3
  • That Gay Shit
  • surveys
  • reposts: 6
  • text posts
  • non-meme content: 6
  • baby yoda
  • Capitalism.
  • Christmas decorations in October
  • Contrapoints memes
  • self-deprecating humour: 2
  • equating tops/bottoms to personality or body types. this isn't yoai it's real life, and i know this is more of an overall issue with the gay community but it's pretty prevalent on this sub
  • MYSELF
  • i hope the rest of your day is the best of your day.
Okay to the people who said they want less of themselves and less gay shit you are in the wholeass wrong place are you okay
Reposts seem to be a common issue. Could you lot do me a favour and post in the comments what you think are common reposts? I come on and browse the sub but I really rely on things you report to me, so I don’t always see common reposts.
As far as specific content you don’t like, I’m afraid that’s gonna be a self-directed thing for yall. Downvote the non-rulebreaking content you don’t like and hopefully people will get the message!
Lol @ the one person who said less surveys. Ur in one. Cant stop wont stop x

ANYTHING ELSE TO ADD?

ily, thank you, etc
This shit sweet as hell thank you for taking the time to add it in at the end ily
“all my answers need the addendum of “I am an idiot, and there are many things I don’t know”
Gurl same
Hi
Hi. how u doin
I am a gay
Absolutely. We love that for you.
[bee movie script]
Hi. no. dislike.
Comrades! You have nothing to lose but your chains!
There’s like 5 of you that said this and i love it
imagine being sega and not working towards creating and publishing a new jet set radio future game; absolutely criminal
Imagine being sega. Can’t relate
Perhaps a link in the side bar we can click to escape the subreddit, especially on mobile if possible.
Honestly not a bad idea. I’ll look into this.
Please just add the QA to the name. It’s 2 letters
I’m sorry, i can’t change the subreddit name. I’ll add it to the sidebar tho <3
Sexual attraction is bourgeois
Idk what this means but it is now one of the central tenets of my faith
Thanks for all the “other” options
You’re welcome it made like, 100x more work for me, but i kinda like that we have a smidge of qualitative data alongside all the quantitative shit.
Thanks for letting me participate despite my non LGBT status
Thanks for being chill!
You people need to calm down. I can sense that this energy primarily comes from North America, so I will explain. The level of discrimination and the lack of basic human rights are so extreme, people cannot stand it anymore even if they are not fully aware of these subconscious vibes, so they need to pull extremely in the other direction to make up for this. And hence you have this kind of subculture that emerges as result. The problem is that, you people are as bad as the other end of the problem because you're as extreme, and it translates into over the top aggression and people so insanely touchy they see an attack in absolutely everything, even if they are not being attacked. Become aware of these energies, and chill.
Gurl are you like okay? Do you need a lie down? Some fruit snacks? Everything okay at home?

ADDRESSING COMMENTS

“I think we need mods who do more than just let people police the sub themselves. We may only need a new mod if the current mods don’t change how they mod. Respond to reports is what I’m saying (I don’t see almost any removed comments ever)”
I’m gonna hold my hands up here, I have generally sucked ass at this. I rely almost completely on you lot reporting things to me, but for the longest time I had a big ol mod queue that was just overwhelming to look at. I’ve made changes to this in the past few weeks, including
*expanding automod scripts. Automod now deletes certain slurs automatically, as well as any comment that might be mentioning or encouraging suicide. This is a big help because obviously trolls will rely on their old faithful slurs. I was hesitant to do this because I think we all have a right to slur reclamation, but I think the benefits outweigh that right now. *I got a fancy new mod plugin! It’s called toolbox, and basically just tells me whenever a new post is made so I can approve it or not, and it tells me when I have new reports. It’s made the whole experience less stressful *I spent a day addressing all the shit in the queue. The subreddit used to be like, full anarchy, so there were reports going back 2 years. Again, I take responsibility for that. I’ve been a shitty mod and I am addressing that.
I hope these changes help address those concerns.
” i think a little more mod participation would be cool. just seeing admins in comments laughing and joking along with us, and sharing in the memes”
I’ve honestly been thinking about this comment for a while. I try to avoid posting here because, again, I’ve seen a lot of criticism of mods who participate too much in their own subs, especially when they distinguish their posts. I don’t wanna look like a dick, yknow? But I like this comment and I’m gonna try and just hang out with you lot more <3
Mod posts for awareness days (ie bisexuality awareness, TDOR, etc)
I kinda think this idea slaps. Does anybody have a calendar of important LGBT dates? I think we could tie this into the other comment about challenges for themed memes, where appropriate.
Clarity as to what this neat little subreddit is about
Me_irlgbt is a queer shitposting subreddit. It’s generally for memes and queer fuckery. Not selfies. That’s about it.
Support threads/posts
Okay, so, the reason I’m not going to do this is because I feel that if I post a thread for support, I then have a duty of care to anybody who posts in it. I do not have the capability, time, or knowledge to provide that duty of care, so I feel it would be strongly unethical to do this, regardless of how good the intentions are. I think it’s a well-meaning idea, I just wanted to clarify why I’m personally not comfortable with it.
Not everybody in me_irlgbt is gay. Can we have more inclusivity?
When I use “gay” on this subreddit, especially if I’m referring to the general mass of users, I wholeheartedly mean it in a community way. Like, “we, the gays” as contrapoints once said. You are welcome here. This isn’t the only response along these lines, so I will keep it in mind when making changes.
And we’re done! Holy shit that was a long post. This has taken me 6 days to edit. Again, reiterating from the top, I’m not an adept researchedata analyst, so I’m sure many people could’ve done a MUCH better job looking at these results, but I think this will do for now.
Thank you so much to everybody who responded. It’s been really interesting for me to have a look at this, and pretty cool to get to fuck around with all this data. Thank you ilysm <3

TL;DR

  • The population on this subreddit trends young, mostly 18-24
  • Most people live in the US
  • Most people are white
  • We have slightly more male-identified people than female, but not significantly so.
  • Roughly a quarter of respondents are trans-identified.
  • Most people use she/her or he/him pronouns. Around 18% use they/them, with the rest “other” or neopronouns.
  • About 60% of the people here identify as bisexual or pansexual, 17% lesbian, 16% gay, 17% asexual. These responses do overlap with many people using multiple labels for themselves.
  • mostly high school or college educated, which makes sense with the age demographics
  • overwhelmingly left-leaning politically
  • generally positive feelings towards the subreddit/mods
  • mostly atheist/agnostic religious views
  • 74% of respondents are single/not in a relationship.
  • 88% of respondents do not like TERFs
  • about half of respondents do not like transmedicalists, but 28% are neutral
  • 60% of respondents think we maybe need more mods
  • other responses just need to be read lol
submitted by lowkeyterrible to me_irlgbt [link] [comments]

Временно бесплатные курсы Udemy

Временно бесплатные курсы Udemy

https://preview.redd.it/se7zt100k9c31.jpg?width=700&format=pjpg&auto=webp&s=b7d9eb97754935764b044d2dd31900c6106efab5
Подборка временно бесплатных курсов Udemy.122 шт. Промокоды, вшиты в ссылки.Все курсы на английском.

  1. Agile Retrospective: Continuous Improvement + Kaizen Wth Scrum
  2. Artificial Intelligence Concepts - AI 101
  3. Build Interactive Apps Using VueJS, Vuex And VueRouter
  4. C Programming 2019
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  6. Create A SHMUP With Unity 3D
  7. Google Cloud Platform Associate Cloud Engineer Practice Test
  8. How To Create Android Apps Without Coding Advance Course
  9. How to Install Linux Mint (Cinnamon) on a Virtual Machine
  10. How to Install Ubuntu Linux on a Virtual Machine
  11. How To Uv Unwrap Models In Blender
12. Introduction To SAS
13. iOS 12 Chat Application Like WhatsApp And Viber
14. iOS App Grocery List (Swift 3.1, iOS10.3) From 0 To AppStore
  1. iOS12 Animations, Learn Swift Animation With UIKit
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  1. JavaScript & LeetCode | The Ultimate Interview Bootcamp
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  28. Learn Cinema 4D: Low Poly Tree Design
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  33. 10 Copywriting Hacks That Work In 2019
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  37. ClickBank Affiliate Marketing Secrets Home Business Success
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  40. Digital Marketing Secrets For Beginners
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  42. Email Marketing Mastery to Earn More & Build a Huge List
63. Facebook Ads 101. Complete Facebook Ads & Marketing Course
  1. Facebook Marketing: Advanced Targeting Strategies
  2. Facebook Marketing: How To Build A List With Lead Ads
  3. Facebook Marketing: How To Build A Targeted Email List
  4. Fraud Analytics Using R & Microsoft Excel
  5. Gamification: Use Gamification In Marketing
  6. Google Analytics For Beginners 2019
  7. Google Analytics For WordPress to Track Your Website Traffic
  8. Home Business: CPA Marketing From Scratch
  9. How To Get Your First 1,000 Facebook Fans: For Beginners
  10. How To Promote CPA Offers With Bing Ads
  11. Influencer Content Marketing: Killer Tactics For 2019
  12. Instagram Marketing Growth Tips [Influencer Shortcuts]
  13. Marketing Analytics Using R And Excel
  14. Master ClickFunnels & Create Sales Funnels Like a Boss
  15. Modern Social Media Marketing - Complete Certificate Course
  16. Powerpoint 4 Video Part A - Introduction + Character Animation
  17. Secrets Exposed: Find The Most Profitable Niches Of 2019
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  20. VideoScribe: Whiteboard Animation From Zero To Hero
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  22. Viral Content Buzz - Killer Tactics For Blog Promotions
  23. YouTube Creator Tips [Grow A Channel-Get More Subs & Views]
  24. Youtube SEO Course: How TO Rank # 1 On YouTube In 2019
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  33. Bitcoin Valuation: Methods And Frameworks
  34. Business Education: Guide To Blockchain And Cryptocurrencies
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  43. Gamification: Use Gamification In Marketing
  44. Home Business: CPA Marketing From Scratch
  45. How To Be Lucky In Business And Life
  46. Lean Six Sigma Applications In Information Technology
  47. Online Business: How I Make 5 Figure Passive Income on JVZoo
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  50. Project Management: Deliver On Time + Scrum Project Delivery
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  54. The Complete Personal Productivity Course - Business & Life
  55. Transformational Leadership - Ultimate Leadership Course
  56. Ultimate Time Management - BEST Time Management Course
  57. User Stories For Agile Scrum + Product Owner + Business Analysis
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Источник: Телеграм-канал WScoupon
submitted by abbelrus to Pikabu [link] [comments]

Joe Walsh Will Not Save Us (G-File)

Dear Reader (including the poor Biden staffers who have to white-knuckle their armrests when not sucking down unfiltered Marlboros every time Joe Biden gives an interview),
If you’ve never heard the Milton Friedman shovels and spoons story, you will (and I don’t just mean here). Because everyone on the right tells some version of it at some point. The other Uncle Miltie (i.e., not the epically endowed comedic genius) goes to Asia or Africa or South America and is taken on a tour of some public works project in a developing country. Hundreds of laborers are digging with shovels. Milton asks the official in charge something like, “Why use shovels when earth moving equipment would be so much more efficient?”
The official replies that this is a jobs program and using shovels creates more jobs.
Friedman guffaws and asks, “In that case: Why not use spoons?”
The story might not be true, but the insight is timeless.
Here’s another story: When I was in college, we were debating in intro to philosophy the differences between treating men and women “equally” versus treating them the “same.” At first blush, the two things sound synonymous, but they’re not (indeed the difference illuminates the chasm of difference between classical liberalism and socialism, but that’s a topic for another day). I pointed out that there were some firefighter programs that had different physical requirements for male applicants and female ones (this was before it was particularly controversial—outside discussions of Foucault—to assume there were clear differences between sexes). Female applicants had to complete an obstacle course carrying a 100-pound dummy, but men had to carry a 200-pound dummy, or something like that. A puckish freshperson named Jonah Goldberg said: “I don’t really care if a firefighter is a man, a woman, or a gorilla, I’d just like them to be able to rescue me from a fire.”
A woman sitting in front of me wheeled around and womansplained to me that “you can always just hire two women.”
I shot back something like, “You could also hire 17 midgets, that’s not the point.”
(I apologize for using the word midget, which wasn’t on the proscribed terms list at the time.)
But here’s the thing: Sometimes it is the point. Whether you’re talking about spoons or little people, the case for efficiency is just one case among many. Don’t get me wrong, I think it’s an important one, but it’s not the only one. Sometimes older children are told to bring their little brothers or sisters along on some trip. They’ll complain, “But they’ll just slow us down!” or, “But they aren’t allowed on the big kid rides.” Parents understand the point, but they are not prioritizing efficiency over love. Or, they’re prioritizing a different efficiency: Not being stuck with a little kid who’s crying all day because he or she was left behind.
One of my favorite scenes in the movie Searching for Bobby Fischer is when the chess tutor Bruce Pandolfini, played by Ben Kingsley, tells the chess prodigy’s parents that they have to forbid their son from playing pickup chess in the park because he learns bad chess habits there. The mom says “Not playing in the park would kill him. He loves it.”
Kingsley replies, accurately, that it “just makes my job harder.”
And the mom says, “Then your job is harder.”
I love that. I love it precisely because it recognizes that good parents recognize that there are trade-offs in life and that the best option isn’t always the most efficient one.
This is one of those places where you can see how wisdom and expertise can diverge from one another.
The Unity of Goodness
Efficiency can mean different things in different contexts. In business, it means profit maximization (or cost reduction, which is often the same thing). In sports, it means winning. Always giving the ball to the best player annoys the other players who want their own shot at glory, but so long as he can be counted on to score, most coaches will err on the side of winning. Starting one-legged players will wildly improve a basketball team’s diversity score, but it’s unlikely to improve the score that matters to coaches—or fans.
I’ve long argued that there’s something in the progressive mind that dislikes this whole line of thinking. They often tend to find the idea of trade-offs to be immoral or offensive. I call it the “unity of goodness” worldview. Once you develop an ear for it, you can hear it everywhere. “I refuse to believe that economic growth has to come at the expense of the environment.” “There’s no downside to putting women in combat.” “I don’t want to live in a society where families have to choose between X and Y,” or “I for one reject the idea that we have to sacrifice security for freedom—or freedom for security.” Both Bill Clinton and Barack Obama were masters at declaring that all hard choices were “false choices”—as if only mean-spirited people would say you can’t have your cake and eat it too.
Saint Greta
Nowhere is this mindset more on display in environmentalism. Everyone hawking the Green New Deal insists that it’s win-win all the way down. It’s Bastiat’s broken window parable on an industrialized scale. Spending trillions to switch to less efficient forms of energy will boost economic growth and create jobs, they insist. I’d have much more respect for these arguments if they simply acknowledged that doing a fraction of what they want will come at considerable cost.
Consider Greta Thunberg, the latest child redeemer of the climate change movement. She hates planes because they spew CO2. That’s why she sailed from Sweden to a conference in New York. As symbolism, it worked, at least for the people who already agree with her. But in economic terms, she might as well have raised the Spoon Banner off the main mast of her multi-million-dollar craft (that may have a minimal carbon footprint now, but required an enormous carbon down-payment to create). The organizers of this stunt had to fly two people to New York to bring the ship back across the Atlantic. And scores of reporters flew across the Atlantic to cover her heroic act of self-denial. Her nautical virtue signaling came at a price.
The organizers insist that they will buy carbon offsets to compensate for the damage done. But that’s just clever accounting. The cost is still real. And that’s not the only cost. It took her fifteen days to get to America. In other words, she actually proved the point of many of her critics. Fossil fuels come with costs all their own—geopolitical, environmental, etc.—but the upside of those downsides is far greater efficiency. If you want to get across the Atlantic in seven hours instead of two weeks, you need fossil fuels. The efficiency of modern technology reduces costs by giving human beings more time to do other stuff.
The Conservative Planners
The unity of goodness mindset has been spreading to the right these days as well. The new conservative critics of the free market see the efficiency of the market as a threat to other good things. And they’re right, as Joseph Schumpeter explained decades ago. For instance, just as earth-moving equipment replaces ditch-diggers in the name of efficiency, robots replace crane operators, and the communities that depended on those jobs often suffer as a result.
I have no quarrel with this observation. My problem is with the way they either sell their program as cost-free, or pretend that the right experts can run things better from Washington. They know which jobs or industries need the state to protect them from the market. They know how to run Facebook or Google to improve the Gross National Virtue Index. Many of the same people who once chuckled at the Spoons story now nod sagely. I don’t mean to say that there’s no room for government to regulate economic affairs. But I am at a loss as to why I should suspend my skepticism for right-wingers when they work from the same assumptions of the left-wingers I’ve been arguing with for decades.
Embracing Trumpism to Own Trump
Instead I want—or I guess need—to talk about another trade-off. I’ve been very reluctant to weigh in on the Joe Walsh project for a bunch of reasons. The biggest is that I am friends with some of the people cheering it on. But I think I have to offer my take.
I don’t get it.
Oh, I certainly understand the desire to see a primary challenger to Trump. I share that desire. And I understand the political calculation behind the effort. It’s like when one little league team brings in some dismayingly brawny and hirsute player from Costa Rica as a ringer. The other teams feel like they have to get their own 22-year-olds with photoshopped birth certificates in order to compete. My friend Bill Kristol is convinced that Trump must be defeated and that Walsh is just the mongoose to take on the Cobra-in-Chief.
I try not to recycle metaphors or analogies too much, but this seems like another example of a Col. Nicholson move. As I’ve written before, Col. Nicholson was the Alec Guinness character in The Bridge Over the River Kwai. The commanding officer of a contingent of mostly British POWs being held by the Japanese, Nicholson at first follows the rules and refuses to cooperate with his captors in their effort to use British captives as slave labor for a bridge project. But then his pride kicks in and he decides he will show the Japanese what real soldiering is like, agreeing to build the bridge as a demonstration of British superiority in civil engineering. [Spoiler alert] It’s only at the end of the film that he realizes that building the bridge may have been a kind of short-sighted moral victory, but in reality he was helping the Japanese kill allied troops because the bridge was going to be used for shipping Japanese troops and ammunition. When this realization finally arrives, he exclaims, “My God, what have I done?”
Walsh’s primary brief against Trump is that Trump is temperamentally unfit for office and a con man. Fair enough. But he has to focus his indictment on Trump’s erratic behavior. Why? Because he’s a terrible spokesman for much of the rest of the case against Trump. I may not call myself “Never Trump” any more, but I was in 2016. And back then, the argument against Trump wasn’t simply that he was erratic. It was also that he wasn’t a conservative, that he happily dabbled in racism and bigotry, and that he was crude, ill-informed, and narcissistically incapable of putting his personal interests and ego aside for the good of the country. I’m sure I’m leaving a few other things out. But you get the point.
Walsh may be sincere in his remorse over all the racist and incendiary things he said in the very recent past. He may regret supporting his anti-Semitic friend Paul Nehlen, though I haven’t found evidence of that. But none of that history should be seen as qualifications for the presidency, the Republican nomination, or support from conservatives.
And yet, it is precisely these things that make him attractive to his conservative supporters. Trump is an entertainer who trolls his enemies with offensive statements for attention, so let’s find someone who does the exact same thing!
Walsh may have been a one-term congressman, but his true vocation was as a shock-jock trolling provocateur. It’s ironic. As I’ve argued countless times, much of Trump’s bigotry in 2016 stemmed less from any core convictions than from a deep belief that the GOP’s base voters were bigoted and he needed to feed them red meat. Trump's reluctance to repudiate David Duke derived primarily from his ridiculous assumption that Duke had a large constituency he didn’t want to offend. He may have believed the Birther stuff, but he peddled it because that’s what his fans wanted. And Joe Walsh was one of those fans.
It may also be true that Walsh never really believed most of the bilge he was peddling and that he was doing the same thing Trump did—feeding the trolls—on a smaller scale. But if that’s the case, then he’s a con man, too.
I don’t want to beat up on Walsh too much because, again, his epiphany may be sincere. There are lots of people who pushed certain arguments too far only to recognize that the payoff was Trump and the transformation of conservatism into a form of right-wing identity politics. There are a lot of Col. Nicholsons out there. And I have too much respect for Bill Kristol to believe that he would lend his support to someone he believed to be as bigoted as the man Walsh seemed to be a few years ago.
But from where I sit, the prize we should keep our eyes on isn’t defeating Trump; it’s keeping conservatism from succumbing to Trumpism after he’s gone. This isn’t easy, and no tactic is guaranteed to be successful. We’ve never been here before. My own approach is to agree with Trump policies when I think they’re right—judges, buying Greenland, etc.—and disagreeing when they’re wrong. My own crutch is to simply tell the truth as I see it, regardless of whether it fits into some larger political agenda or strategy. Truth is always a legitimate defense of any statement.
But for those who see themselves as political players as well as public intellectuals, I think this is a terrible mistake. Intellectually and morally, the case for continued opposition to—or skepticism about, Trump cannot—or rather must not—be reduced to simple Trump hatred. But by rallying around Walsh—instead of, say, Mark Sanford, or Justin Amash, or, heh, General Mattis—that’s what it looks like. Because you can’t say, “I’m standing on principle in my opposition to a bigoted troll and con man as the leader of my party and my country and that’s why I am supporting a less successful bigoted troll and con man for president.” Walsh isn’t a conservative alternative to Trump; he’s an alternative version of Trump. And his candidacy only makes sense if you take the “binary choice” and “Flight 93” logic of 2016 and cast Trump in the role of Hillary.
Let’s imagine the Walsh gambit works beyond anyone’s dreams and Joe Walsh ends up getting the GOP nomination (a fairly ludicrous thought experiment, I know). If so, I have no doubt that my friend Bill Kristol will say, a la Col. Nicholson, “My God, what have I done.”
Various & Sundry
Canine Update: It’s good to be home. The beasts were delighted to see us. Everything is settling back to normal, except for one intriguing development. I think Zoë has finally had enough with Pippa’s tennis ball routine. The other day on the midday walk with the pack, Kirsten managed to film Zoë putting an end to the tennis ball shenanigans. She took the ball and buried it. It was, to use an inapt phrase, a baller move—and she was unapologetic about it. Maybe she just didn’t like all the commotion with the other dogs, because she’s tolerant of the tennis ball stuff again. Or maybe she was being protective of her sister given that many of the other dogs in the pack are known thieves. Regardless, they’re doing well and having fun.
If you haven’t tuned into The Remnant lately, please give it another try. The first episode of the week was with Niall Ferguson and the feedback has been great. The latest episode is with my friend and AEI colleague Adam White on all things constitutional. Word of mouth is really important in building up audiences, so if you can spread the word about The Remnant or this “news”letter, I’d be grateful.
submitted by Sir-Matilda to tuesday [link] [comments]

Significant Dualities, in Nature and in Societies

Caution: This article is a long read, and goes in many directions. For the curious mind, it's a lively mindfield to explore and come back again and again. If you prefer poster images, never mind.
Some links occur here mostly because they're interesting, and somehow are part of a duality.
For me, duality means at least two things which are associated somehow, but considered separately are different. We don't need to count above 2, like say 'polyality' because obviously the idea of divergence, or fork, is able to have many 'tines' or separate paths. (See Tuning Fork, below.) We don't have time to cover every possibility, so let's just stick with 2, the most simple case of multiple. (See Rhizome Philosophy for an interesting alternative to this binary association structure. Also the paragraph titled "Association Schemes" in Exploiting the Pyramid.)
We aren't considering pairs of identicals, like dual wheels, two of exactly the same thing, but maybe if there is a small difference, or doubtful meaning between similar things (see dual internal organs under anatomy, below).
Sometimes the association between things is not obvious, in which case we better explain, but most dualities are obviously two tined. Let it go at that.
Tuning Fork, a synchronous dynamic opposition, and also an acoustic device having a dual nature similar to both stringed eg. Piano and other percussion devices (eg. Glockenspiel. See also disambiguation of similar percussion instruments. Tuning forks have the advantage of needing no containment structure because their duality counter-balances the vibrations. All the other devices have a single resonator for each tone.
Dualism (disambiguation index) | wkpd
Fake Word Similarities Dual not confused with duel Dual not confused with do all. (Obvious.)
Duality expressions
flip side
double edged sword
Janus faced
dark side-- bright side
balance equilibrium equation
opposites (word list)
positive-negative (photography))
bilateral symmetry
mirror
images, real vs virtual
paired symbols
yin-yang (principle) yin-yang (history)
Dual Obelisks, ancient Egypt (had different inscriptions on each)
duality as found on tumblr (index)
hypocrisy vs sincerity (philosophical mirror) hypocrisy sincerity sin cere means without wax, not a crackpot idea
Being a Leftist Means never having to Say You’re Sorry title of this essay inspired by a 1970s witticism
dual-process theory of human intelligence
The Balance (disambiguation index) | wkpd, in the physical, a two-sided weight comparator, in the abstract, the equation... possibly the most significant model (3) of reality ever conceived.
Exercising Equations, For Example...
How can things fly, and boats sail upwind?
Bernoulli's two-path model of lift vs Newton's Reaction of air-inertia model of force
Previous link models a lifting surface as a flat-plane and air is deflected in a single direction. Modeling a lifting surface as an arc also works, but no simple reference explaining this is found. So I'm going to do it, very briefly...
Imagine a wing, or sail, is a simple arc, and a small sample of air passing by it is like a stone on a string.. Air has mass, therefore thrusting it around a curve causes a reaction force opposite the center of the curve (aka lift.)
This is an important example because large commercial aircraft wings are complex mechanical devices that change shape depending on speed (scroll down to Flaps). At low speed, the wing simulates an arc, and a sail is made loose to form a larger curve. (Sailing in light airs, reduce tension on halyards, while a tight (more flat) sail configuration is called 'close-hauled').
Binary Thinking, True or False?
What is it? | qra
Binary opposition WARNING: Cultural Marxism, deconstruction
False dilemma, an obstacle to effective negotiation, in which nuances and concessions should be considered, not "take it or leave it" ultimatums
GOOD, BAD, UGLY? 2015 | stnfd
Example: Evolution vs Religious Tradition (Creationism) Purpose or no Purpose, that's the question: Darwinism: Survival without Purpose 2007 Another example from Mark Driscoll
Biblical Christianity requires black-and-white thinking because it is dualistic... Mainstream culture refuses to allow any categories because that would mean making distinctions, which ultimately ends in making value judgments. (which is DISCRIMINATION!) For the record, I am in favor of discrimination, not by race, but by behavior record. Discriminating Evolution from Intelligent Design (the flaws clause) 7 min
Boolean Logic
technical: Bifurcation theory
Binary Options
Nature
Wave–particle duality | wkpd Wave–particle duality (article index) | scidly Light and Sound CGI video, wave-particle duality 25 min
position vs momentum (uncertainty principle)
observer vs object observed (anthropic principle)
Energy-mass duality | wkpd
Mutual-Influence Orbital Oscillation Patterns
Mass Duality vs Time, Effects
Lunacy; tidal lock one side seen, one side hidden
Orbital resonance
Example: Earth-Luna orbit each other; Luna's mass is 0.0123 of earth's. Earth oscillates due to Luna, but radius of orbit is less than Earth's radius, so it's less obvious. See Barycenter. See also NASA, Moon, Luna's orbit, and Libration. https://music.stackexchange.com/questions/24243/what-is-the-difference-between-a-xylophone-a-glockenspiel-marimba-a-xylorimba#24245
Earth Mother Goddess Duo: Gaia/Medea Hypothesis
anatomy
Internal Organ Duals, Why? What are paired organs? (lists) 2018 | qra Symmetry Why do we have two of some organs, but not all? 2014 | stkxchg
Respiratory-Circulatory System Overlap (dual function) Venous Blood forced by thoracic-ambient pressure differential... Heart and lungs are together in the pulmonary cavity, experience simultaneous pressure fluctuations (scroll down to 'Respiratory Pump'), thus fluid influx and egress (air is a fluid). Respiration includes blood circulation, the respiratory and circulatory systems are inextricably linked.
Note that previous articles omit hydrostatic pressure which influences venous circulation (fluid pressure is higher at lower elevations, depending on density; eg. Hg (used in barometers) is 13.534g/cm3, blood is 1.06 g/cm3 (slightly more than water)). When you experience tingling, numbness or swelling due to inactivity, raise the inactive limbs above heart, gravity will help the circulation. Also, dizziness might be due to pressure variations in brain, such as suddenly standing upright after kneeling for awhile. Move more slowly.
Notice that we have only indirect control over heart-rate. We can increase physical activity (especially respiration) voluntarily, then the autonomous nerve system takes care of the rates.
Sex
Origin of Sex
Reproduction, Evolution of
When Did Sex Become Fun? 2016 | spns
A Brief History of Human Sex 2006 | lvsci
Chromosome Duality predicts longevity, reliably Scientists Discover Why women live longer Petrov 8 min
The sex with the reduced sex chromosome dies earlier: a comparison across the tree of life Mar.2020
polarity
electrical
chemical
Polarization (waves) see also Introduction to Polarized Light
magnetic geomagnetic pole
geographic
antipodes
Bi-polar Disorder (mental health)
Dysphoric Mania in Bipolar Disorder (reality IS bipolar, see previous links)
dysphoria is a profound state of unease or a general dissatisfaction with life
split personality, eg. Dr. Jekyll and Mr. Hyde
Euphoria vs Dysphoria
psycho-active stimulants create euphoria 10 BEST LEGAL EUPHORIC HIGH HERBS 2017 See also 4 Most Euphoric Nootropics
What are Nootropics?
What Is Rejection Sensitive Dysphoria?
Society
DUO - Animation Short Film (Fr) 2014 - GOBELINS (for some performance artists, life is a matter of trust) 3.5 min
Dual inheritance theory
Moral Duality
Bi-polar Disorder (social inequality), topic continues under heading "Double Standard of Morality" (scroll down)... A simple two-tier arrangement of mucked-up social "order" which originated in prehistoric times, a result of a conquering group, aka "ruling class" which maintains a dominant position (see Dominance as social construct). The privileged class takes advantage in several ways, one of which allows THEM to commit crimes against US without consequence, but the reverse situation is dealt with harshly.
Assuming there is an ecological crisis, Culture Dysphoria 2015
The historic task of cultural change is to resolve throughout the dominant culture the distortions of rationalist human/nature dualisms that deny our ecological embodiment and membership of the global ecological community.
In Reality, trends toward the Cosmopolitan Cluster are profoundly dissatisfying to conservative individuals. The CC issue is a case of 'the melting pot'. see also Cosmopolitan Cluster
The urban rural divide in the US and other complexities of polarization JUL.17,2019 | ToL
Indivi-DUAL
New idea: 'indivi', I'm going to premise means not divided, a singleton, and dual means two. That leads us to... a person is an undivided twosome, let's assume it means mind-body.
What exactly is the duality of human nature? | qra (trick question, see answer by Mike Brant, also good, Marcos Sheldon Padilla (per mind-body), see next link)
More about Mind-Body
UR2 CGPGrey 5 min
Dual Citizenship
list of, a good place to look for spies Editorial: The problem of dual citizenship 2014... “dual citizenship can present a security issue whether to permit access to classified information which affects recruitment, employment and assignments.” -US State Dept. In some cases, dual citizenship could disqualify an applicant for a sensitive position with the CIA or the State Department. (But not so for Israelis?)... List Israeli Dual Citizens in the US. 114th Congress; Bernie Sanders is on it 2016 | SotN
Binary Competition US vs THEM
Right vs Left (politics)
angels and demons 2 Class Social Hierarchy (Social Order Simplified)
Double Standard of Morality
... is a necessary adjunct to an US vs THEM ethic... because conflating US with THEM gives us cognitive dissonance; (social) equality is oblivion
The Dual Code of Morality
CHINA Strategy; moral dualities
Double Standard of Morality A necessary adjunct to US vs THEM ethic
social equality is oblivion
Bite the Hand that FED you; Ferried by kin-dness from Diaspora to Serendip, then They try to sink that "kin"ship
How the Jews Destroyed Germany | rjn
Jewish Declaration of War on Nazi Germany 1933
How The Jews Destroyed America | rjn
Nazi Jews- “Jew's own worst enemy!” 2007 Makow\rense
Cabalist Bankers Funded Hitler Via Wehrmacht Sep.2019 | svmls
Jewish Origins of Communism
For (Moses) Hess, the cardinal sin of the Judaic people was to abandon their heritage, while the cardinal objective of his Communism was to persuade all other people to abandon theirs…
Communism was the means for achieving Judaic supremacy over the gentiles. The gentiles were fated to be reduced to a faceless, deracinated mass. Capitalism was also capable of producing this effect, through free trade and the unfettered financialization of society, in which the management of money becomes a vast business in itself, and where the highest virtue, after obeisance to Judaism, is profit.
Israel’s New Ideology of Genocide 2018
ve’ahavta (“love your neighbor as yourself”) admonition to Goyim for regarding their Jewish neighbors; as for the Jews themselves, haba le-horgecha, hashkem le-horgo (“he who comes to kill you, rise early and kill him first” as told in 3 Little Pigs))
(wolf) attempts to trick third pig out of his (brick) house by asking to meet him at various places, but he is outwitted each time (3rd pig rises early, does the suggested task, and saves himself from being eaten)
Juice Dualities Juice, and DNA Melting Plot 1
back pages
A take-down of religious "morality" by a "believer"
To Serve the Greater Good, a Moral Philosophy for today++
Survey of Creativity and Destruction 1 Westciv
Garrett Hardin writes: "The essential characteristic of a tribe is that it should follow a double standard of morality -- one kind of behavior for in-group relations, another for out-group." -Wild Taboo "It is a tragic irony that discrimination has produced a species (homo sapiens) that now proposes to abandon the principle responsible for its rise to greatness."
Survey of Creativity and Destruction 8; Survival is Objective #1 in Evolution
Wild Taboo; Hardin/Masters
Competitive Exclusion Principle In the competition for living space and resources between two species (or two groups that occupy the same ecological niche), one will inevitably and inexorably eliminate the other. “In a finite universe – and the organisms of our world know no other – where the total number of organisms of both kinds cannot exceed a certain number… one species will necessarily replace the other species completely if the two species are “complete competitors, i.e., live the same kind of life.”
Historic Walls: Segregation and Security, defensive duo Disapproval of US.MX Border Barrier Design
Musical Duets (entertainment break from difficult study)
2x(Tico) no Fubá - Duo Siqueira Lima - guitar 4 Hands 3 min (includes brief encore) otra vez... 22x (Tico) Zequinha de Abreu arr. N Kossinskaya guitar quartet 4 min Anabel Montesinos & Marco Tamayo | Mozart, Rondo Alla Turca (w/audience) 3 min
Delibes, Lakmé - Duo des fleurs, Sabine Devieilhe & Marianne Crebassa, 3.8m views since Nov2017 4.5 min
Sun Quan The Emperor (Guzheng & Drum Ver.) 9.6m views since 2015 5 min
MUSA - Chandelier(Sia) & Wrecking Ball Mash - Guzheng and Zhongruan 3.3m views since 2015 3.5 min
Irish Senior Citizen Plays London Mall Piano... Then Magic Occurs; spontaneous Irish duet, Galway and Kerry 582k views since Jun.3.2019 (today is Jun.10) 7 min
Rasputin (Boney M) (viol/cello)- The Ayoub Sisters 3.4 min
A.Montesinos & M.Tamayo-Tres canciones de The Beatles-Stagione Internazionale di Chitarra Classica 9.9 min
Fool on the Hill; She's Leaving Home; Penny Lane;
Crazy - Patsy Cline Cover (Allison Young vocals, Josh Turner Guitar) 8.5k views 3.3 min
Dancing, an exercise in aesthetic, social duality
Grace on Ice Gabriella PAPADAKIS, Guillaume CIZERON, 2016 WC's music: Perfect- Ed Sheeran 4.3 min
A family exercise Derek and Julianne, music: "Unsteady" 2 min
Piano Duet, + 3 couples in traditional form Andrea & Matteo Bocelli, music: "Fall On Me" 2.6 min
Memorabilia (skips emotional intro) Jordan​ and​ ​Lindsay contemporary style, music: “Take Me Home” 1.3 min dance episode ends at 3:00
study notes
https://lorenzo-thinkingoutaloud.blogspot.com/2019/
https://simplicable.com/new/anti-competitive-practices
https://duckduckgo.com/?q=reality+dysphoria&atb=v81-4__&ia=web
submitted by acloudrift to todayplusplus [link] [comments]

Week 48; Experts in authoritarianism advise to keep a list of things subtly changing around you, so you’ll remember.

The humanitarian crisis in Puerto Rico worsened with the inadequate response by the federal government. Amid criticism, Trump threatened to pull out, but later backed off. Although the death count officially stands at 45, reporting revealed possibly hundreds more preventable deaths related to the Hurricane Maria.
Trump remains silent on both California’s deadliest wildfires and the deadliest combat incident since he took office. He continues to focus on undoing Obama’s legacy, piece-by-piece. The Mueller investigation hit Trump’s inner-circle, and social media’s role in aiding Russia continues to unfold.
  1. On Saturday night, Richard Spencer led another white supremacist torch-lit rally at University of Virginia. The rally lasted 10 minutes and 40-50 people attended. Spencer vowed, “we will keep coming back.”
  2. On Sunday, Trump attacked former ally Sen. Bob Corker in a series of incendiary tweets, saying “Corker “begged” me to endorse him for re-election” and “wanted to be Secretary of State.” Trump claimed to have said no to both.
  3. Corker responded, tweeting it’s a shame the WH has become an “adult day care center,” and that someone “missed their shift this morning.”
  4. On Sunday, Pence left a Colts game after a protest during the national anthem. Pence later issued a full statement opposing the protests. The Colts were playing the 49ers, a team known to protest.
  5. Before the game, Pence tweeted a photo of him and the Second Lady wearing Colts gear. The photo was one he originally tweeted in 2014.
  6. Shortly after, Trump tweeted he had asked Pence to leave the game “if any players kneeled,” and said he was proud of Pence and the Second Lady.
  7. The pool of journalists covering Pence were not allowed into the stadium, and were told, “there may be an early departure from the game.” ABC estimated Pence’s flight cost taxpayers nearly $250k.
  8. Bowing to pressure from Trump, the Cowboys’ Jerry Jones, after kneeling with players in week 3 of the season, changed course saying any player who “disrespects the flag” by kneeling will not be allowed to play.
  9. On Tuesday, Trump threatened the NFL over protests saying the league is “getting massive tax breaks” and the law should be changed. This claim is false: the NFL gave up its 501(c)(6) tax-exempt status in 2015.
  10. On Tuesday, bowing to pressure from Trump and fans, NFL Commissioner Roger Goodell, who previously had said players had the right to voice their opinions, sided with owners opposed to letting players demonstrate.
  11. On Monday, Pence headlined a fundraiser in CA for Republicans including controversial, Kremlin-ally Rep. Dana Rohrabacher. Rohrabacher had a previously undisclosed meeting in Russia with Veselnitskaya described in Week 47.
  12. University of Wisconsin approved a policy which calls for suspending or expelling students who disrupt campus speeches and presentations. The policy mirrors Republican legislation passed by the state Assembly.
  13. On Columbus Day, unlike Obama, Trump celebrated the “arrival of Europeans,” but did not mention of the suffering of Native Americans.
  14. On Sunday, the Trump’s DHS allowed the Jones Act waiver, which helped speed relief to Puerto Rico, to expire. No explanation was given.
  15. Trump’s EPA announced it would repeal the Clean Power Plan, Obama’s signature policy to curb greenhouse gas emissions from power plants. The statement described the regulation as the “so-called Clean Power Plan.”
  16. On Friday, Trump addressed the Value Voters Summit hosted by the Family Research Council, which has been classified by SPLC as an anti-gay hate group. Trump is the first US leader to address the group.
  17. Reuters reported the Trump regime has been quietly cutting support for halfway houses for federal prisoners, severing contracts with as many as 16 facilities, necessitating some inmates stay behind bars longer.
  18. ABC reported the Treasury Dept’s inspector general is looking into allegations reported by BuzzFeed in Week 47 that agency officials have been illegally looking at private financial records of US citizens.
  19. A report compiled by the Government Accountability Office (GAO) at House and Senate Democrats’ request, found the Trump transition team ignored ethics officials and refused to cooperate with the GAO.
  20. Trump named Kathleen Hartnett White to the WH’s Council on Environmental Quality. Hartnett White, a climate science denier, once also said, “fossil fuels dissolved the economic justification for slavery.”
  21. In response to a filing by CREW, Trump’s DOJ told a court in DC that Trump can destroy records without judicial review, including tweets.
  22. Brian Brooks became the second candidate under consideration for deputy Treasury Secretary to withdraw from consideration. Mnuchin said he has no plans to fill the number two slot in his agency.
  23. WAPO reported at the Interior Dept, when Zinke enters the building a staffer takes the elevator to the seventh floor, climbs the stairs to the roof and puts up a special flag. The flag comes down when he leaves.
  24. On Wednesday, NBC reported Tillerson calling Trump a “moron” was provoked by Trump suggesting a tenfold increase in the US nuclear arsenal during a July 20 meeting with the high-ranking national security leaders.
  25. In response to the story which he called “Fake News,” Trump tweeted a threat to revoke the broadcasting licenses of “NBC and the Networks.”
  26. Later that afternoon, at a news conference, Trump again lashed out at the independent news media saying it’s “frankly disgusting the press is able to write whatever it wants to write.”
  27. In a statement Wednesday night, Republican Sen. Ben Sasse asked Trump if he was “recanting” his oath to protect the First Amendment.
  28. Indiana Republican lawmaker Jim Lucas drafted a bill that would require professional journalists to be licensed by state police.
  29. Under pressure to confirm Trump’s judicial nominees, McConnell will no longer allow “blue slips,” used by senators to deny a nominee from their state a Senate Judiciary Committee hearing and vote on confirmation.
  30. The Trump regime withdrew from United Nations Educational, Scientific and Cultural Organization (UNESCO), citing anti-Israel bias and a being in arrears on a $550 million payment. Israel remains part of UNESCO.
  31. NYT published an interview with Corker in which he said Trump is treating his office like a “reality show” with reckless threats at other country that could put our country “on the path to World War III.”
  32. Corker said he is concerned about Trump, and Trump’s behavior should concern “anyone who cares about our nation.” He added there is no ‘good cop, bad cop’ underway with Tillerson — Trump is undermining diplomacy.
  33. Corker said nearly all Senate Republican share his concerns: “the vast majority of our caucus understands what we’re dealing with here.”
  34. WAPO reported Trump is frustrated by his cabinet and that he is not getting enough credit for his handling of three hurricanes. Trump is lashing out and rupturing alliances with both Republicans and Democrats.
  35. One confidant said Trump is like a whistling teapot, saying when he does not blow off steam, he can turn into a pressure cooker and explode: “I think we are in pressure cooker territory.”
  36. Politico quoted 10 sources current and former WH aides who employed strategies like delays and distractions as “guardrails” in trying to manage Trump’s impulsivity.
  37. Vanity Fair reported sources say Trump is “unstable,” “losing a step,” and “unraveling.” They say the WH is in crisis as advisers struggle to contain Trump who is increasingly unfocused and consumed by dark moods.
  38. Trump allegedly told his former bodyguard Schiller, “I hate everyone in the White House!” Kelly is allegedly miserable in the job, and is staying on in a sense of duty and to keep Trump from making disastrous decisions.
  39. One former official speculated Kelly and Mattis have discussed what they would do if Trump ordered a nuclear strike — “would they tackle him?”
  40. According to sources, Bannon said the risk to Trump’s presidency wasn’t impeachment, but the 25th Amendment. Bannon thinks Trump has only a 30% chance of making it the full term.
  41. In a column “What Bob Corker Sees in Trump,” conservative columnist Peggy Noonan urged Republicans they have a duty to speak on the record about what they see happening with Trump.
  42. On Thursday, at a signing ceremony for his health care executive order, Trump nearly walked out of the room without signing the order. Pence pulled him back in.
  43. On Tuesday, Trump said in an interview with Forbes that he could beat Tillerson in an IQ test. Trump met with Tillerson later that day at the WH.
  44. On Friday, Corker called out Trump for his effort to disempower Tillerson saying: “You cannot publicly castrate your own secretary of state without giving yourself that binary choice.”
  45. CNN’s Fareed Zakaria said, “It’s very clear now that we essentially have no diplomacy going on in the United States,” adding the way Trump has treated Tillerson is “the most dramatic example of it.”
  46. On CBS’s 60 Minutes, Parscale claimed he fine-tuned ads on Facebook to directly reach voters with the exact messages they cared most about. He also claimed he handpicked Republican Facebook employees to help.
  47. Daily Beast reported the Kremlin recruited two black video bloggers, Williams and Kalvin Johnson, to produce incendiary YouTube videos calling Hillary a racist. The videos were spread on social media platforms.
  48. WAPO reported Google has uncovered evidence about $100k of ads purchased by Russian agents to spread disinformation on across the company’s many products, including YouTube, during the 2016 election.
  49. Google said the ads do not appear to be from the same Kremlin-linked troll farm that bought ads on Facebook. Some ads touted Trump, Bernie Sanders, and Jill Stein, while others aimed to fan the flames of divisive issues.
  50. Rep. Devin Nunes, who recused himself as Chair of the House Intel Committee’s Russia probe, unilaterally signed off on subpoenas to Fusion GPS, the research firm that produced the Steele dossier. Democrats were not consulted.
  51. Reuters reported Chuck Grassley, the Republican chair of the Senate Judiciary Committee, is also taking steps to discredit the dossier according to Democrats on the committee.
  52. Carter Page told the Senate Intel Committee that he will not cooperate with any requests to appear before the panel on Russia, and will plead the Fifth.
  53. Daily Beast reported the House Permanent Select Committee on Intelligence is looking at Cambridge Analytica’s work from the Trump campaign as part of its Russian probe.
  54. Cambridge Analytica, which has ownership ties to the Mercers and Bannon, was brought in to help the campaign by Kushner. The company is also under investigation in the UK watchdog for its role in Brexit.
  55. NYT reported Israel caught Kaspersky Lab working with the Russian government to search the world for US secrets, using Kaspersky software to scan for classified words. Kaspersky software is used by 400 million people.
  56. WSJ reported that Russia’s use of the Kaspersky program to spy on the US is broader and more pervasive than the operation against one individual in Week 47. Trump continues to deny Russian meddling in the US election.
  57. Politico reported as part their posture to cooperate, Trump’s attorneys may offer Mueller a meeting with Trump. If Mueller doesn’t ask by Thanksgiving, attorneys may force the issue by volunteering his time.
  58. Legal experts were surprised by Trump’s lawyers strategy noting Trump would be speaking under oath and he routinely distorts facts, and that Trump would be interviewed in connection with a criminal investigation.
  59. CNN reported Russian operatives used YouTube, Tumblr, and even Pokémon Go as part of their effort to interfere in the election, using a campaign titled “Don’t Shoot Us” to spread a divisive message.
  60. NBC reported Manafort had a previously undisclosed $26 million loan from Deripaska through a series of transactions. It is unclear if the $26 million is a loan or an indirect payment from the Russian oligarch.
  61. The loan brings the total financial relationship between Manafort and Deripaska to $60 million over the past decade, according to financial documents filed in Cyprus and the Cayman Islands.
  62. Manafort’s spokesman, Jason Maloni, initially responded to NBC with a statement including: “Mr. Manafort is not indebted to former clients today, nor was he at the time he began working for the Trump campaign.”
  63. Maloni’s statement was later revised and that sentence was removed. Both Manafort and Maloni have received subpoenas to supply documents and testimony in the Mueller probe.
  64. Yahoo reported Andrew Feinberg, former correspondent for Sputnik, provided a guide and emails to FBI investigators looking into possible violations of the law which requires agents of foreign nations to register with the DOJ.
  65. Further, the Senate Select Committee on Intelligence is investigating RT and Sputnik as possible parts of the Russian state-run propaganda machine in the broader probe into Russia’s election meddling.
  66. On Friday, Mueller’s team interviewed Trump’s former chief of staff, Priebus. Priebus’ lawyer said he voluntarily met with investigators and “was happy to answer all of their questions.”
  67. Priebus was present during Trump’s efforts to limit the Russia probe, and for discussions that led to the firing of Comey. He was also asked to leave the Oval Office before the infamous Trump-Comey conversation.
  68. Politico reported Twitter deleted tweets and other user data of potentially irreplaceable value to investigators in the Russia probe.
  69. Federal investigators believe Twitter was one of Russia’s most potent weapons. Bots and fake accounts launched recurring waves of pro-Trump, anti-Clinton story lines that were either false or greatly exaggerated.
  70. AP reported Twitter has turned over 201 accounts linked to Russian attempts at influencing the 2016 election to Senate investigators. It is unclear if the posts associated with these accounts have been deleted.
  71. CNN reported an attorney for Roger Stone said he has complied with the House Intel Committee request to provide the identity of his intermediary to WikiLeaks’ Assange.
  72. WSJ reported Congressional investigators are homing in on connections between the Trump campaign, and Facebook, and Twitter. Digital director Parscale was paid $88 million during the campaign, the highest paid vendor.
  73. Every vendor that worked with Parscale on the Trump campaign signed a nondisclosure agreement, and there are no federal disclosure requirements for online ads.
  74. Both Congress and Mueller are investigating the role activity on Facebook and Twitter played in the 2016 election, and whether the Russian social-media activity was in any connected to the Trump campaign.
  75. A Morning Consult poll found Trump’s approval has fallen in every state since he took office. The swings were as high as 30 percentage points in blue-states IL and CA, to 11 points in red-state LA.
  76. A Reuters/Ipsos poll found Trump’s popularity is eroding in small towns and rural communities: in September 47 approve/47 disapprove, down from 55/39 in his first four weeks in office.
  77. WAPO reported as of October 10, Trump’s first 263 days in office, he has made 1,318 false or misleading claims.
  78. The Brookings Institute released a 108-page report which concluded Trump “likely obstructed justice” in his firing of Comey. If Mueller agrees, there are legitimate articles of impeachment that could be drawn up.
  79. In a letter to Mattis, over 100 Democrats are demanding proof that Trump did indeed consult with the Pentagon as he claimed in a tweet, prior to announcing his ban of transgender individuals from military service.
  80. A Kaiser Foundation poll found 62% of Americans say Puerto Ricans aren’t getting the help they need. 76% were aware Puerto Ricans are US citizens.
  81. On Thursday, in a series of tweets, Trump threatened to abandon Puerto Rico’s recovery effort, blaming the island for its infrastructure problems and saying and relief workers would not stay “in P.R. forever.”
  82. The tweets follow harsh criticism from Puerto Rico of the Trump regime’s response to Hurricane Maria. One Puerto Rican said, “He doesn’t think of us as Americans.”
  83. Trump also quoted a Sharyl Attkisson, a television journalist with Sinclair Broadcasting, in saying that while Puerto Rico survived Hurricane Maria, now “a financial crisis looms largely of their own making.”
  84. Later Thursday, the WH issued a statement committing “the full force of the U.S. government” for now, but adding “successful recoveries do not last forever.”
  85. At a House Energy and Commerce hearing about efforts to rebuild the island’s energy grid, Sec. Rick Perry referred to Puerto Rico as a country.
  86. Next day, Trump referred to the Virgin Islands’ governor as a president.
  87. VOX reported although the official death count in Puerto Rico is 45, they found 81 death linked to Hurricane Maria, as well as 450 more reported deaths, most of causes still unknown, and 69 still missing.
  88. Puerto Rico’s governor said four deaths are being investigated as cases of leptospirosis, a disease spread by animals’ urine through contaminated water. A total of ten people have come down with the disease.
  89. Rachel Maddow reported a doctor resigned from the disaster response team in Puerto Rico after seeing medical workers getting manicures and pedicures from residents of the island in medical triage tents.
  90. NYT reported on Puerto Rico’s health care is in dire condition, and continues to suffer from mismanagement. The US Comfort ship with 800 medical personnel which can serve 250, has seen 82 patients in six days.
  91. CNN reported Puerto Ricans are drinking water from a hazardous-waste site, having no other options for water.
  92. A Politico/Morning Consult poll found just 32% of registered voters think the federal government has done enough to help Puerto Rico.
  93. Bloomberg revealed one of its reporters was inadvertently put on the Pentagon’s internal email list which detailed how to spin Hurricane Maria to convince the public that the government response was going well.
  94. On Thursday, Trump also signed an executive order ending Obamacare subsidies for the poor. Not paying the subsidies could boost premiums for millions and send the health insurance exchanges into turmoil.
  95. NPR estimated consumers who earn 400% of the federal poverty level — $48k for individuals or $98.4k for a family of four — will see their the cost of their plans rise by, on average, 20% nationwide.
  96. Doctors, hospitals, insurers, state insurance commissioners and patient advocates denounced Trump’s move. Trump actions puts pressure on Congress to protect consumers from soaring premiums.
  97. WSJ reported if Congress doesn’t succeed, WH aides said Trump “will claim victory” for ending the Iran deal, cutting billions in payments to health insurers, and deporting hundreds of thousands of immigrants.
  98. On Friday, a coalition of attorneys general from 18 states and DC filed a lawsuit to block Trump’s halt to subsidy payments under Obamacare.
  99. NYT reported as of Friday, Trump has taken 12 actions which could weaken Obamacare and curtail enrollment, including spreading negative news releases and posting infographics criticizing the health law.
  100. On Saturday, Trump boasted on Twitter that health insurance companies’ stocks “plunged yesterday” after his steps to dismantle Obamacare.
  101. A Kaiser Health poll found 71% of Americans say the Trump regime should work to improve Obamacare, while just 21% say make it fail.
  102. On Friday, Trump slammed Iran as a “menace” and called for “decertification” of the nuclear deal, Joint Comprehensive Plan of Action (JCPoA), saying Iran is “not living up to the spirit of the deal.”
  103. Trump sent the deal back to Congress with a 60-day window to address its “many serious flaws” or see it “terminated.”
  104. Top officials on Trump’s national security team, including Mattis and Tillerson, said Iran has technically complied with its restrictions. The International Atomic Energy Association also confirmed compliance.
  105. Daily Beast reported while McMaster also wanted to save the Iran Deal, Trump consulted Fox News’ Sean Hannity and former UN Ambassador John Bolton, two neoconservatives who pushed for decertification.
  106. The leaders of Britain, Germany and France declared their commitment to stand by JCPoA. They deal was the culmination of 16 years of diplomacy.
  107. After being added to Trump’s travel ban, Chad pulled its troops from the fight against Boko Haram in Niger. US officials had warned Trump his decision would have major consequences for the fight against terrorism.
  108. California’s deadliest wildfires charred more than 221,754 acres of land in Northern CA, and left at least 35 dead and hundreds more missing. Trump has yet to publicly comment or tweet about the wildfires.
  109. Nor has Trump publicly commented on the deadliest combat incident since he took office, which took place in Niger last Saturday while Trump was golfing. The ambush by ISIS left four soldiers dead and two wounded.
  110. As the week ended, 24 days after Hurricane Maria, just 64% of Puerto Ricans had access to drinking water, and only 14.6% had electricity.
  111. Trump spent his fourth weekend since Hurricane Maria golfing. On Saturday, he visited Trump National Golf Club in VA, his 72nd day of golf since taking office.
submitted by 1000000students to TheConstitution [link] [comments]

WEEKLY EVENTS 3/21 – 3/28

My mama always says that the cold weather isn’t truly gone until the pecans start to get green. Seems she’s right.
Tally’s Independent Cinema and Theater Offerings:
Check here for the current run of excursions offered by Camp Folks. If you want to check out the local outdoors, this seems to be a good group to go with.
MONDAY 3/21
TUESDAY 3/22
  • The Moon: Scott Carswell Presents Get The Led Out. “Worlds #1 Led Zeppelin Tribute Band.” 6:30pm/$30
  • 1200 Stearns Street Community Center: Trans Youth Support Group! (SPECIAL TUESDAY GROUP!). “This peer to peer monthly support group will not only foster understanding, but also encourage and spread the Tallahassee transgender community. We are all at different points on our individual journeys, and everyone could use a little support to take the next steps, to feel less alone, or just to get together and share experiences. This group is welcoming to transgender individuals, non-binary, and genderqueer folks of all types ages 18+.” 7:30pm
  • The Warehouse: Lip Sync Battle: A Benefit Event for The Southeast Review. “Support Florida State University's national literary journal AND watch friends unleash the diva within! This promises to be the most OUTRAGEOUS evening in your recent memory (what is left of it), as teams and solo artists LIP SYNC ALONG TO THEIR FAVORITE SONGS, battling it out for the title of Totally Legit Best-Ever Badass Diva in the Superstar Universe of Tallahassee, Florida, as determined by our set of CELEBRITY EXPERTS recruited from FSU faculty members.” 8pm/$10, $5 for performers
  • Club Downunder: Aparna Nancherla. 8:30pm/GP $12/18+
  • Side Bar: EARPHUNK (New Orleans) w/ Tyler Denning Band & Sgt. Bear. 9pm/$14
WEDNESDAY 3/23
  • Bird’s Oyster Shack: Wednesday Night Lab Session Hosted by Jim Crozier, featuring TD & Kathi Giddings. 6pm
  • Fermentation Lounge: Quizmaster General Knowledge Trivia. “Quizmaster is hosted by Bennett Miller from 7-9pm every Wednesday, and features three rounds of general knowledge trivia (and a weekly food special). It is free to play and teams of up to 6 are welcome. The winner of each round receives a sample flight, and the Quizmaster for the night receives a $25 gift card and serious credit on Geek Street.” 7pm
  • Brass Tap on Gaines: Trivia. Check their FB page for the theme. 7pm
  • Hurricane Grill & Wings: Trivia With Greg. 7pm
  • GrassLands Brewing Company: BYOBG! Bring Your Own Board Game. “Our gracious host, Trevor Bond, will be featuring one game each week. Feel free to bring your own games to play & share.” 7pm/21+
  • The Junction at Monroe: Live Band Karaoke. 7pm/$10 coveBYOB
  • The Fox and Stag: Ladies Night with DJ Loden. 7pm-9pm.
  • Proof: Bar Trivia With Hank. Here’s what I suggest: pick up an order to go at the Crumbox Gastgarden, bring it on down to Proof, order a brimming glass of locally brewed deliciousness, and show off all those random factoids you thought you’d never use. 7:30pm/21+/no cover
  • Krewe de Gras: Trivia with Mr. Matt. $40 first prize 8pm
  • The Warehouse: Open Mic. “There is a lottery for time slots. Now smoke free!” 8pm
  • Burrito Boarder: Karaoke With Nathan. 8pm
  • Just One More: Karaoke with Roger. 9pm
  • Bird’s: Comedy Night. I’m pretty sure this is both a performance and an open mic. 9:30pm/free
  • Club Downunder: Seminole Crossing: Campus Folk. “You've played the game, now you can live it! Experience firsthand the life of a villager from the beloved Nintendo game, Animal Crossing! Eat free food, win prizes at Tom Nook's store, design your own T-shirt with the Able Sisters, get your fortune told by Katrina, and more! What type of villager will you be?” Noon/free/all ages
  • Edison: Smokey Hollow Commemoration & Exhibit. “Join us as we celebrate the vibrant history of Smokey Hollow. Enjoy presentations from former residents and the Director of Tallahassee’s John G. Riley House. Bring the family and browse art from the historic community.” 5:45pm
  • 245 Ochlockonee River Road: Full Moon Florida Plant Medicine Class. “What I hope to accomplish in this first class is to teach you about the medicine, and then two weeks after, I will organize a plant walk where we can go out and meet these plants first hand! This is for anyone of any skill set interested in plants or plant medicine. As an herbalist, my main goal is to teach, and this class is all for you! I want to empower you to use the beautiful medicine Mother Nature has created, for she was the first herbalist. Let us all come together and learn what she has to offer under the light of the full moon. I will provide healing, delicious tea and some yummy snacks. I also encourage you to bring instruments for us to do some singing outside to give back to our earth mother and sister moon. Sage, palo santo, crystals and anything you might want to bring is so welcome. Bring a notebook to take notes, and possibly a pillow to sit on. May the plants be with you!” 6:30pm/$10
  • The Pyramid Healing Arts Center: Libra ~Full~ Moon Gathering. 7pm/Sliding Scale $5-25
  • FSU CGE: Intercultural Program Series: China. “Come to the Globe Auditorium to experience the diversity of Chinese history and culture through dance, food, and art!” 7pm
  • TV Land: Wild Pink(NY), Kowabunga! Kid(IL), Melt Channel, Lingua Franca, Success Story. 8pm/$5/all ages
  • Club Downunder: Le1f w/ Junglepussy. 8:30pm/GP $15/18+
  • The Moon: YOUNG DOLPH. 10pm/$20
THURSDAY 3/24
  • Lake Ella Area: Food Truck Thursday with Fungle Junk. 6pm
  • Junction @ Monroe: Open Mic. “The only open mic that pays the performers! Bring your instruments and play an open slot or just come and be entertained in Tallahassee's best sounding room!” Doors and registration open at 7pm/$10/BYOB (no coolers, cups, or non-alcoholic drinks allowed)
  • HalfTime Pie Pub: Trivia. Check the Pub FB page for a theme and possible bonus points. 8pm
  • Crum Box Gastgarden: Thursday Evening Sessions. 8pm
  • Dux (Crawfordville): Karaoke with Big Bob. $25 bar tab given away every week. 8:30pm-12:30pm
  • Midtown Caboose: Trivia Factory. 8:30pm
  • Gaines Street Pies: Bar Trivia With Hank @ Warhorse Whiskey Bar. With a picture round! Sound round! Speed round! Hoarder’s Delight drawing! And all the other trivias! Win a delicious 18” pizza! 9pm
  • Pockets: Karaoke Dance Party with Keith Welch. 9pm/21+
  • Applebees on Cap Cir: Karaoke with Amanda Goram. 10pm
  • Birds: Karaoke Hosted By Jumpin Jams. Some of the most diverse and longest running karaoke in town. 10pm
  • Down Below (Under Barnacle Bills): Karaoke with Davin. 10pm
  • Community Thrift Market: Lunch and Learn: What to do when you find a wild animal. “This month's Lunch and Learn will teach us what to do if we find a baby or injured wild animal in our yard. Do you leave it alone? Or take it in? Where can you take it for care? Come learn everything you need to help with wildlife in our community. We would like to thank St. Francis Wildlife Association for taking the time to lead this informative Lunch and Learn at Community Thrift Market.” 11am
  • Hotel Duval: Speaker Series Luncheon: Al Perkinson, Costa Sunglasses. “Al Perkinson, vice president of marketing for Costa Sunglasses, one of the fastest growing sport performance sunglasses brands in the world, will share how he’s successfully implemented an integrated community program as part of the company’s growth strategy.” 11am
  • Old Capitol: Trivia Night at The Museum. “Test your knowledge of the important role women have played throughout Florida's history with an exciting evening of trivia in our beautiful, historic building. Guests will enjoy drinks from GrassLands Brewing Company and hors d’oeuvre from Madison Social, and prizes will be awarded at the end of the night. Register your team by calling (850) 487-1902.” 6:30pm/$20 per team, with a maximum of 4 members per team
  • FSU Alumni Ballroom: Favorite Poem Project. “Last spring, The Favorite Poem Project and The Poetry Foundation invited Florida residents to share their favorite poems for a national video documentary initiative about the role of poetry in Americans' lives. On March 24th, in celebration of the new FPP videos, The Florida State University Creative Writing Program is hosting a screening and Favorite Poem reading featuring five Floridians. Introduced by Robert Pinsky and Erin Belieu.” 7pm/free all ages
  • TV Land: Dirty Dishes, What Moon Things, Empty Vessels, Whateverer, Naps. 8pm/$5
  • Club Downunder: Jazz Night: The Special Event w/Lauren Sevian & the Scotty Barnhart Combo. 8pm/GP $10/18+
  • The Strip: 3rd Annual Jam For Peace. “Enjoy local music and drink specials all while supporting student-led, sustainable international development projects that foster social change and empower communities in Nepal, Ghana, Rwanda, and Cambodia!”10pm
FRIDAY 3/25
  • Parlay Sports Bar: Karaoke with Big Bob. 8pm
  • Just One More: Karaoke with Roger. 9pm
  • 926 Lounge (Formerly Pugs): The Friday Night Party. “Get ready to dance your A$$ off at the Club-Side Party from 9pm to 2am with high energy music from DJ Carben and DJ Double G along with the best show in Tallahassee at midnight starring Ms. Debra Adams and members of our fabulous Queen team!” 9pm/$5/18+
  • Leggetts: Karaoke with Paul. 8:30pm
  • Down Below (Under Barnacle Bill’s): Karaoke with DJ Scott Long. 10pm
  • Stetsons @ The Moon: Karaoke with Johnny Ray. 10pm/$5/18+
  • FSU CGE: Global Café: Guatemala. “PeaceJam Southeast is hosting Global Café Guatemala! Food is $7 per plate, cash or check only. Menu: Kak'ik - Mayan Turkey Stew with Onions, Tomatoes, and Bell Peppers, garnished with Mint (Veggie Option also Offered); Plátanos Fritos - Fried Plantains; Picado de Rábano - Radish Salad with Mint, Orange Juice, and Lemon Juice; Quesadilla - Guatemalan Sweet Cheese Muffin; Limonada con Soda - Lime Juice with Sugar and Soda-Water” 11:30am until the food runs out or 2pm/$7
  • Moore Auditorium: Tallahassee Comedy Marathon. “The third annual Tallahassee Comedy Marathon benefiting Alzheimer’s Research will be held on Friday, March 25th 2016! Hosted by Florida State University’s Improv Comedy Club ‘No Bears Allowed’ in partnership with Seth Rogen’s ‘Hilarity For Charity’, we’re looking to make this year bigger than ever. Our goal is to raise $3,000 for Alzheimer’s Association of America but we can’t do it without your help!” Noon-10pm
  • Fox & Stag: Gerry Nielsen – Pianist. 7pm
  • Side Bar: Storm the Gates (EP release show) w/ Methodical Mayhem, A Dying Breed, Timid Tongues & Cutting Teeth. 8pm/$7
  • Junction @ Monroe: Inside Joke Comedy Showcase. “Featuring the finest standup from Scott Peavy, Boafo Manu, Matthew Bailey, Immeke Sharks, Austin Mann, Ryan Mawson, and more. Music by Ryley Smith.” 8pm/$15, $20 VIP/byob
  • Bradfordville Blues Club: The Jamie Eubanks Band. 9pm
  • Fifth and Thomas: Heritage. 8pm
SATURDAY 3/26
  • Park at Monroe: The Downtown Marketplace. 9am
  • Corner of Georgia & Macomb: Frenchtown Farmers’ Market. “The Frenchtown Heritage Market offers a wide variety of fresh, naturally grown produce. Live music, cooking demos, fruits vegetables, and honey sold directly by farmers.” I bought some beet jelly there last week, and it’s delicious. 9am – 1pm.
  • Wakulla Springs Lodge: Bob Carey on Piano. “Come on out and bring along your vocal chops, browse through my lyrics book, pick up one of my pass-around mics and sing your heart out, or just grab a stool and enjoy a fun filled evening of music and dancing. Full bar open til late.” 7pm
  • Salty Dawg: Karaoke with Paul. Family friendly! 8pm
  • Leggetts: Karaoke with Cowboy Chris. 9pm
  • El Patron: Pasion Latina. Bachata, Merengue, Salsa, Reggaeton. 9pm
  • Down Below (Under Barnacle Bills): Karaoke With Devin. If you want to sing and drink cheap beer and liquor and not have to wait for huge crowds, this is your spot. 10pm
  • 926 Lounge: Sanctuary (formerly Blue Monday). 10pm/$35
  • 3550 Mahan Drive in the Cinco de Mayo plaza: New Leaf Market Co-op Job Fair. “We're looking for energetic, enthusiastic people dedicated to exceptional customer service for the Bannerman Crossings store opening April 27, 2016. Positions include cashiers, produce clerks, meat clerks, deli clerks, dishwasher, cook, baker and more. Visit this link to view job descriptions and to complete an application.” 9am-4pm
  • The Unitarian Universalist Church of Tallahassee: Storytelling Workshop with Master Storyteller David Novak. “In this playful and participatory workshop, "Massaging the Story and Exercising the Listener," designed for storytellers ages 10 to 100+, Mr. Novak will lead exercises that challenge our thinking about stories and introduce performance strategies to manage our listener's interest through creative dramatics, character masks, voice and speech, movement and mime.” 9am
  • Mission San Luis: Soap-Making Workshop - Hot Process. 10am/ Members/Volunteers: $30 / Non-members: $35
  • The Rez: 10th Annual Rez Goes Green. “Join FSU Sustainable Campus & Campus Rec for a cleanup of the FSU Reservation, surrounding forest lands, and shorelines. Come enjoy a beautiful day outdoors and healthy snacks!” 10am
  • GrassLands Brewery: ONE YEAR! Sway Jah Vu, Keep It Civil, David & The Pheonix, Sgt. Bear and more. “Join us to celebrate GrassLands Brewing Company's one year of beer! Our family keeps growing, right along with our brewhouse. Thank you, Tallahassee! We can feel the love. We'll be filling growlers and giving tours of the brewhouse:) Enjoy small batch releases and special treatments, as well as some new swag! Outside, from 2 – 6, we'll have family friendly activities including blacksmith demos by Murph, The Bubble Guy, hula hoops, food trucks and more! At 7pm, Engineers Without Borders kicks off their fundraiser: Bands Without Borders. Outside, enjoy 5+ bands for only $5.” Noon
  • Namaste Yoga: Mindfulness Workshop: Beginner's Mind. “Mindfulness for the Beginner's Mind is a workshop for anyone interested in learning more about what seems to be the latest wellness craze, but is actually a practice rooted in ancient wisdom and 40 years of medical research.” 2pm-5pm
  • Crum Box Gastgarden (caboose in RR Sq): Trivia With Hank Presents THE ALL VENUE TRIVIA BRAINBLAST! “The top team from 5 different venues go head to head in a winner-take-all trivia rumble. EAT house-made sausage and the best meatball subs in town. DRINK cold, delicious beer. SING between round karaoke. WIN brews and such with single shot trivia questions and name-that-songs for the crowd. AND MARVEL as 5 teams enter and 1 team leaves! (and then 4 other teams later and slightly deflated.) It’s Cabos vs Burrito Boarder vs Northside Pies vs Proof Brewery vs Warhorse, and this time it’s personal. Be there or be really sad you missed it!” 4pm/free/kind of all ages but I do cuss. A lot.
  • Bread & Roses: ROTTEN COLLECTIVE BENEFITS PRESENTS: MARIO TOURNAMENT SHOW at Bread and Roses w/Toranavox, Buster Wolf, Melt Channel, Dreadship. 4pm/$5 Show $7 Show and Tournament ENTRY/all ages
  • FAMU Recreation Center: TRG 2016 Season Opener: Legiskators vs. Sinators. “The first bout of our tenth season will feature two Tallahassee home teams, the Legiskators and the Sinators! You don't want to miss these two brand new teams going head to head for the first time ever!” 7pm/kids under 12 free
  • The Moon: An Evening with Sarah Mac. 7pm/$15
  • The Plant: Riki-Oh: The Story of Ricky. “1991 Hong Kong martial arts-thriller film written and directed by Lam Nai-choi, and based on the Japanese manga Riki-Oh by Masahiko Takajo and Saruwatari Tetsuya. It is well known for its extreme, brutal, and highly unrealistic violence, as well as its high camp factor and extremely poor English dubbing “ 7:30pm
  • Fox and Stag: The Adventures of Annabelle Lyn. 7:30pm
  • Franklin Manor: Friendship, Nostradogmus, Oh Geography, Cooper! 8pm/$5/all ages
  • Atmosphere: Dear Abbey, Backlash, Storm the Gate, and Invented Truths! 8pm
  • Club Downunder: SuperDuperKyle. 8:30pm/GP $15/18+
  • Birds Oyster Shack: Trial by Stone w/ Control This. 10pm/$5
  • Bradfordville Blues Club: JB's ZydeccoZoo. 10pm
  • 3505 S Adams St: Tallahassee Jouvert "SHIPWRECK". “AWOAH! Get ready for the LIVEST Caribbean Paint Party, the first ever Tallahassee JOUVERT on Saturday, March 26th, 2016. Dress comfortably and get ready for the mess.. Come party with the livest dj's DJ Koolie, DJ English, and DJ Stunna from 3KINGS from MIXX96 Miami alongside Selecta A1 from Tally's fav radio station!!! Come ready fi get LOOSE!” 11pm
SUNDAY 3/27
  • Lake Ella: Sunday Brunch Featuring Common Taters and the Turn Ups. “The Spring Concert Series is here! Come out to Lake Ella every Sunday for food trucks and live music!” 11am-2pm
  • Salty Dawg Pub & Deli: The Famous Acoustic Jam w/ Wayne, Glenn, and Bo. Open mic, free beer for performers. 6pm
  • Cabos Bar: Bar Trivia With Hank. First place wins a bar tab, last place wins a greater sense of self. 7:30pm/free/21+
  • FSU Rez: Holi: The Festival of Color. “Holi has been a blast the past few years, so make sure to RSVP, wear WHITE, and come out on March 27th! Be sure to bring your FSU student ID in order to get into the Rez! If you are not a student, the park will charge you $2 to enter!” 1pm
  • FSU: Humans v Zombies at FSU Presents: The 7 Deadly Sins. “Hello all! Come out to our second week long game of the springs semester. Bandanas are $4, Game dues are $3.” 8pm
  • Warhorse Whiskey Bar: BACK TO THE GARAGE w/ BOYTOY (Brooklyn, NY - PaperCup/Burger Records) w/Success, Lingua Franca. 8:30pm/free/all ages
MONDAY 3/28
  • Burrito Boarder: Bar Trivia With Hank. $30 food & bar tab for first place. Specials on shots and $2 margaritas. 7 :30pm
  • Waterworks: Patio Theater. 8:30pm/21+
  • Junction @ Monroe: Rock N' Roll High School and Repo Man: Trash Cinema Nights Deep Cult. “Hey Gang, The Primal Root here and I can hardly contain my pleasure at our Trash Cinema Nights Deep Cult at The Junction Double Feature of the 1979 Roger Corman youth in revolt cult classic, Rock N Roll High School featuring PJ Soles, Clint Howard and, of course, The Ramones! Followed by one of my personal all time favorite cinematic oddities, the 1984 subversive sci-fi, comedy punk classic, Repo Man starring Emilio Estevez and Harry Dean Stanton!” 7pm/$5/byob
Keep checking back, sometimes I update. Got anything to add?
submitted by clearliquidclearjar to Tallahassee [link] [comments]

Perpetual Option: Och-Ziff Capital Management Group (OZM)

In his book, You Can Be a Stock Market Genius, Greenblatt talks about using LEAPs to make leveraged bets. The book included his trade in Wells Fargo (WFC, another topic for a future post, I suppose).
But sometimes, stocks get down so cheap that they become priced like options. In the Genius book, the WFC LEAPs were priced at $14 while the stock was at around $77.
Here, we have a hedge fund manager trading less than $3.00/share, which is a typical price for regular options, not even LEAPs. Of course, all stocks are options on the residual value of businesses. But sometimes things are priced for either a large gain or zero, just like an option.
I call this a perpetual option, but that reminds me of those lifetime warranties. Like, who's lifetime? The manufacturer's? The store's? Yours? Nothing is forever, so I guess there really is no such thing as a perpetual option. But anyway...
Och-Ziff IPO'ed in 2007 at $32/share and traded in the mid $20's right before the crisis, then down to below $5.00 during the crisis and back up to the mid-teens. I've been watching this since the IPO and looked at it again when it was trading around $10/share. It's down quite a bit since then. I didn't own it back then but I did take a small bite down at $5.00/share.
I have mentioned other private equity and hedge fund managers here in the past but haven't owned most of them because of the amount of money that seemed to be going into alternatives. I was just worried that the AUM's of all of these alternative managers were going up so quickly that I couldn't imagine them earning the high returns that made everyone rush to them in the first place. Look at the presentation of any of these alternative managers and their AUM growth is just staggering.
Extremely Contrarian We investors walk around and think about all sorts of things; look at store traffic, taste new foods/restaurant concepts, count how many Apple watches people are wearing (I recently biked around the city with my kid (Brooklyn to Central Park, around the park (around the big loop) and all the way downtown back to Brooklyn (30+ miles) and I think I counted two Apple watches that I saw compared to countless iPhones. And this was in the summer so no coats or long sleeves to hide wrists).
And a couple of the things that we tend to think about are, What does everybody absolutely love, and what are they 100% sure of (other than that Hillary will win the election and that the market will crash if Trump wins), and What do people absolutely, 100% hate and don't even want to talk about? In the investing world right now, it seems like the one thing that everybody seems to agree with is that active investing is dead (OK, not completely true because we active investors never really lose faith in it). The data points to it (active managers underperforming for many years, legendary stock pickers too not performing all too well, star hedge funds not doing well etc...). The money flows point to it (cash flowing out of active managers and into passive funds, boom in index funds / ETFs; this reminds me of the 1990's when there were more mutual funds than listed companies. There are probably more ETFs now than listed companies). Sentiment points to it (stars and heroes now are ETF managers, quants etc.).
By the Way Oh, and by the way, in case people say that it is no longer possible due to this or that reason for humans to outperform indices or robots, I would just say that we have seen this before. Things in finance are cyclical and we've seen this movie before.
From the 1985 Berkshire Hathaway Letter, Most institutional investors in the early 1970s, on the other hand, regarded business value as of only minor relevance when they were deciding the prices at which they would buy or sell. This now seems hard to believe. However, these institutions were then under the spell of academics at prestigious business schools who were preaching newly-fashioned theory: the stock market was totally efficient, and therefore calculations of business value -- and even thought, itself -- were of no importance in investment activities. (We are enormously indebted to those academics: what could be more advantageous in an intellectual contest -- whether it be bridge, chess or stock selection than to have opponents who have been taught that thinking is a waste of energy?)
What Do People Hate? So, back to what people absolutely hate. People hate active managers. It's not even stocks that they are not interested in. They hate active managers. Nobody outperforms and their fees are not worth it. What else do they hate? They hate hedge funds. I don't need to write a list here, but you just keep reading one institution after another reducing their exposure to hedge funds. There is a massive shakeout going on now with money leaving hedge funds. Others like Blackstone argues that this is not true; assets are just moving out of mediocre hedge funds and moving into theirs.
This is a theme I will be going back to in later posts, but for now I am just going to look at OZM.
OZM OZM is a well-known hedge fund firm so I won't go into much detail here. To me, it's sort of a conventional equity-oriented hedge fund that runs strategies very typical of pre-Volcker rule Wall Street investment banks; equity long/short, merger arb, convertible arb etc. They have been expanding into credit and real estate with decent results. But a lot of their AUM is still in the conventional equity strategies.
What makes OZM interesting now is that chart from the Pzena Investment report (see here). These charts make it obvious why active managers have had such a hard time. The value spread has just continued to widen since 2004/2005 through now. Cheap stocks get cheaper and expensive stocks get more so. You can see how this sort of environment could be the worst for long/short strategies (and value-oriented long strategies, and even naked short strategies for that matter). Things have just been going the wrong way with no mean reversion.
But if you look at where those charts are now, you can see that it is probably exactly the wrong time to give up on value strategies or value-based long/short strategies; in fact it looks like the best time ever to be looking at these strategies.
Seeing that, does it surprise me that many pension funds are running the other way? Not at all. Many large institutions chase performance and not future potential.
Conceptually speaking, they would rather buy a stock at 80x P/E that has gone up 30%/year in the past five years that is about to tank rather than buy an 8x P/E stock that has gone nowhere in the past five years but is about to take off; they are driven by historic (or recent historic) performance.
OZM Performance Anyway, let's look at the long term performance of OZM. This excludes their credit and real estate funds which are doing much better and are growing AUM.
This is their performance since 1994 through the end of 2015:
OZM fund S&P500 1994 28.50% 5.30% 1995 23.50% 27.40% 1996 27.40% 23.00% 1997 26.70% 33.40% 1998 11.10% 28.60% 1999 18.80% 21.00% 2000 20.60% -9.10% 2001 6.30% -11.90% 2002 -1.60% -22.10% 2003 24.00% 28.70% 2004 11.10% 10.90% 2005 8.80% 4.90% 2006 14.80% 15.80% 2007 11.50% 5.50% 2008 -15.90% -37.00% 2009 23.10% 26.50% 2010 8.50% 15.10% 2011 -0.50% 2.10% 2012 11.60% 16.00% 2013 13.90% 32.40% 2014 5.50% 13.70% 2015 -0.40% 1.40% 5 year avg 5.85% 12.57% 10 year avg 6.69% 7.32% Since 1994 12.05% 8.87% Since 2000 7.59% 5.01% Since 2007 5.14% 6.53%
So they have not been doing too well, but it's really only the last couple of years that don't look too good. Their ten-year return through 2013 was +8.2%/year versus +7.4%/year for the S&P 500 index. It's pretty obvious that their alpha has been declining over time.
For those who want more up-to-date figures, I redid the above table to include figures through September-end 2016. And instead of 5 year and 10 year returns, I use 4.75-year and 9.75-year returns; I thought that would be more comparable than saying 5.75-year and 10.75-year, and I didn't want to dig into quarterly figures to get actual 5 and 10s.
OZM fund S&P500 1994 28.50% 5.30% 1995 23.50% 27.40% 1996 27.40% 23.00% 1997 26.70% 33.40% 1998 11.10% 28.60% 1999 18.80% 21.00% 2000 20.60% -9.10% 2001 6.30% -11.90% 2002 -1.60% -22.10% 2003 24.00% 28.70% 2004 11.10% 10.90% 2005 8.80% 4.90% 2006 14.80% 15.80% 2007 11.50% 5.50% 2008 -15.90% -37.00% 2009 23.10% 26.50% 2010 8.50% 15.10% 2011 -0.50% 2.10% 2012 11.60% 16.00% 2013 13.90% 32.40% 2014 5.50% 13.70% 2015 -0.40% 1.40% 2016* 1.10% 7.80% 4.75 year 6.53% 14.58% 9.75 year 5.48% 6.72% Since 1994 11.68% 8.92% Since 2000 7.29% 5.27% Since 2007 4.82% 6.86%
So over time, they have good outperformance, but much of that is from the early years. As they get bigger, it's not hard to see why their spread would shrink.
They are seriously underperforming in the 4.75 year, but that's because the S&P 500 index was coming off of a big bear market low and OZM didn't lose that much money, so I think that is irrelevant, especially for a long/short fund.
More relevant would be figures from recent market peaks which sort of shows a through-the-cycle performance. Since the market peak in 2000, OZM has outperformed with a gain of +7.3%/year versus +5.3%/year for the S&P, but they have underperformed since the 2007 peak. A lot of this probably has to do with the previous charts about how value spreads have widened throughout this period.
I would actually want to be increasing exposure to this area that hasn't worked well since 2007. Some of this, of course, is due to lower interest rates. Merger arb, for example, is highly dependent on interest rates as are other arbitrage type trades. (The less risk there is, the closer to the short term interest rate the return is going to be.)
One thing that makes me scratch my head, though, in the 3Q 2016 10-Q is the following: OZ Master Fund’s merger arbitrage, convertible and derivative arbitrage, corporate credit and structured credit strategies have each generated strong year-to-date gains through September 30, 2016. In merger arbitrage, certain transactions in which OZ Master Fund participated closed during the third quarter, contributing to the strategy’s year-to-date gross return of +1.3%. Convertible and derivative arbitrage generated a gross return of +0.5% during the third quarter, driven by gains in convertible arbitrage positions, commodity-related volatility, commodity spreads and index volatility spread trades. Year-to-date, convertible and derivative arbitrage has generated a gross return of +1.3%. In OZ Master Fund’s credit-related strategies, widening credit spreads and certain event-driven situations added +0.4% to the gross return within corporate credit during the third quarter, while in structured credit, a +0.9% gross return during the quarter was attributable to the realization of recoveries in certain of our idiosyncratic situations. Year-to-date, the corporate credit and structured credit strategies are each up +1.2% on a gross basis. Gross returns of less than 2% are described as "strong". Hmm... I may be missing something here. Maybe it is 'strong' versus comparable strategies. I don't know. Anyway, moving on...
Greenblatt Genius Strategies Oh yeah, and by the way, OZM is one of the funds that are heavily into the yellow book strategies. Here's a description of their equity long/short strategy: Long/short equity special situations, which consists of fundamental long/short and event-driven investing. Fundamental long/short investing involves analyzing companies and assets to profit where we believe mispricing or undervaluation exists. Event-driven investing attempts to realize gain from corporate events such as spin-offs, recapitalizations and other corporate restructurings, whether company specific or due to industry or economic conditions.
This is still a large part of their book, which is a good thing if you believe that the valuation spreads will mean revert and that Greenblatt's yellow book strategies are still valid.
One thing that may temper returns over time, though, is the AUM level. What you can do with $1 billion in AUM is not the same as when you have $10 billion or $30 billion. I don't think Greenblatt would have had such high returns if he let AUM grow too much.
This seems to be an issue with a lot of hedge funds. Many of the old stars who were able to make insane returns with AUM under $1 billion seem to have much lower returns above that level.
Here is OZM's AUM trend in the past ten years. Some of the lower return may correlate to the higher AUM, not to mention higher AUM at other hedge funds too reducing spreads (and potential profits).
Just to refresh my memory, I grabbed the AUM chart from the OZM prospectus in 2007. Their AUM was under $6 billion until the end of 2003 and then really grew to over $30 billion by 2007.
Their 10-year return through 2003 was 18%/year vs. 10.6%/year for the S&P 500 index.
From the end of 2003 through the end of 2015, OZM's funds returned +7.2%/year versus +7.4%/year for the S&P 500 index. So their alpha basically went from 7.4%/year outperformance to flat.
This is actually not so bad as these types of funds often offered 'equity-like' returns with lower volatility and drawdowns. The long/short nature of OZM funds means that investors achieved the same returns as the S&P 500 index without the full downside exposure. This is exactly what many institutions want, actually.
But still, did their growth in AUM dampen returns? I think there is no doubt about that. These charts showing tremendous AUM growth is the reason why I never owned much of these alternative managers in the past few years I've been watching them.
The question is how much of the lower returns are due to the higher AUM. Of course, some of this AUM growth is in other strategies so not all new AUM is squeezed into the same strategies.
Will OZM ever go back to the returns of the 1990's? I doubt that. First of all, that was a tremendous bull market. Plus, OZM's AUM was much smaller so they had more opportunities to take advantage of yellow book ideas and other strategies.
Boom/Bubble Doesn't Mean It's a Bad Idea By the way, another sort of tangent. Just because there is a big boom or bubble in something doesn't necessarily make that 'something' a bad idea. We had a stock market bubble in the late 1920's that ended badly, but owning parts of businesses never suddenly became a bad idea or anything. It's just that you didn't want to overpay, or buy stocks for the wrong reasons.
We had a boom in the late 1990's in stocks that focused on picking stocks and owning them for the long term as exemplified by the Beardstown Ladies. Of course, the Beardstown Ladies didn't end well (basically a fraud), but owning good stocks for the long haul, I don't think, ever became a bad idea necessarily.
We had a tremendous housing bubble and various real estate bubbles in recent years. But again, owning good, solid assets at reasonable prices for the long haul never became a bad idea despite the occasional bubbles and collapses.
Similarly, hedge funds and alternative assets go through cycles too. I know many value investors are not with me here and will always hate hedge funds (like Buffett), but that's OK.
We've had alternative cycles in the past. Usually the pattern is that there is a bull market in stocks and people rush into stocks. The bull market inevitably ends and people lose money. Institutions not wanting to lose money rush into 'alternative' assets. Eventually, the market turns and they rush back into equities.
I think something similar is happening now, but the cycle seems a bit elongated and, and the low interest rates is having an effect as alternatives are now attracting capital formerly allocated to fixed income. In the past, alternatives seemed more like an equity substitution, risk asset.
Valuation OK, so what is OZM worth?
Well, a simple way of looking at it is that OZM has paid an average of $1.10/year in dividends in the last five years. During the past five years, the funds returned around 6%/year, so it's not an upside outlier in terms of fund performance.
Put a 10x multiple on it and the stock is worth $11/share.
Another way to look at it is that the market is telling you that it is unlikely that OZM will enjoy the success even of the past five years over the next few years. Assuming a scenario of failure (stock price = 0) or back to sort of past five years performance ($11), a $3.00 stock price reflects the odds of failure at 73% and only a 27% chance that OZM gets back to it's past five year average-like performance. Of course, OZM can just sort of keep doing what it's doing and stay at $3.00 for a long time too.
There is a problem with this, though, as the dividends don't reflect equity-based compensation expense; OZM gives out a bunch of RSU's every year.
To adjust for this, let's look at the economic earnings of the past five years including the costs of equity-based compensation.
Equity-based compensation expense not included in economic income is listed below ($000):
2008 102,025 2009 122,461 2010 128,737 2011 128,916 2012 86,006 2013 120,125 2014 104,344 2015 106,565
It's odd that this doesn't seem to correlate to revenues, income or AUM; it's just basically flat all the way through.
If we include this, economic income at OZM averaged around $520 million/year. With fully diluted 520 million shares outstanding, that's around $1.00/share in economic earnings per share that OZM earned on average over the past five years. So that's not too far off from the $1.10/share dividends we used above.
One of the interesting things about investing is when you find alternative ways to value something instead of just the usual price-to-book values, P/E ratios etc.
So how would you value this?
What about adjusting the implied odds from the above. What if we said there's a 50/50 chance of recovery or failure. Let's say recovery is getting back to what it has done over the past five years on average, and failure is a zero on the stock.
50% x $0.00 + 50% x $10.00 = $5.00/share
In that case, OZM is worth $5.00/share, or 70% higher than the current price. You are looking at a 60 cent dollar in that case.
Let's say there is a 70% chance of recovery.
70% x $10.00 + 30% x $0.00 = $7.00/share.
That's 130% higher, or a 40 cent dollar.
By the way, the AUM averaged around $37 billion over the past five years, and remember, their return was around 5.9%/year so these figures aren't based on huge, abnormal returns or anything.
As of the end of September 2016, AUM was $39.3 billion, and this went down to $37 billion as of November 1, 2016. OZM expects continued redemptions towards year-end both due to their Justice Department/SEC settlement and overall industry redemption trends.
The above ignored balance sheet items, but you can deduct $0.60/share, maybe, of negative equity, or more if you think they need more cash on the balance sheet to run their business.
Preferred Shares As for the $400 million settlement amount and preferred shares, the settlement amount is already on the balance sheet as a liability (which was paid out after the September quarter-end). The preferred shares were sold after the quarter ended. They have zero interest for three years so I don't think it impacts the above analysis. You would just add cash on the balance sheet and the preferreds on the liability side.
If you want to deduct the full amount of the settlement of $400 million, you can knock off $0.77/share off the above valuation instead of the $0.60/share.
Earnings Model The problem with these companies is that it's impossible, really, to predict what their AUM is going to be in the future or their performance. Of course, we can guess that if they do well, AUM will increase and vice-versa.
But still, as a sanity check, we should see how things look with various assumptions in terms of valuation.
First of all, let's look at 2015. In the full year to 2015, a year that the OZM funds were down (master fund), they paid a dividend of $0.87. Adjusted economic income was $240 million (economic income reported by OZM less equity-based comp expense) and using the current fully diluted shares outstanding of 520 million, that comes to $0.46/share. OK, it's funny to use current shares outstanding against last year's economic income, but I am trying to use last years' earnings as sort of a 'normalized' figure.
Using these figures from a bad year, OZM is current trading at a 29% dividend yield (using $3.00/share price) and 6.5x adjusted economic income. This would be 8.3x if you added the $0.77/share from the settlement above.
OK, so average AUM was $44 billion in 2015, so even in a bad year, they made tons in management fees. Fine. We'll get to that in a second. AUM is $37 billion as of November 2016, and is probably headed down towards year-end.
2016 Year-to-Date So let's look at how they are doing this year so far. Fund performance-wise, it hasn't been too good, but they do remain profitable. These fund businesses are designed so that their fixed expenses are covered by their management fees. Big bonuses are paid out only when the funds make money.
Anyway, let's look at 2016 so far in terms of economic income.
In the 3Q of 2016, economic income was $57.4 million. Equity-based compensation expense was $18.3 million so adjusted economic income was $39.1 million. Annualize that and you get $156 million. Using 520 million fully diluted shares (share amount used to calculate distributable earnings in the earnings press release), that comes to $0.30/share adjusted economic income. So at $3.00/share, OZM is trading at 10x arguably depressed earnings. (This excludes the FCPA settlement amount). If you include $400 million of the FCPA preferreds (total to be offered eventually), then the P/E would actually be closer to 12.6x.
For the year to date, economic income was $195 million, and equity-based comp expense was $56 million so adjusted economic income was $139 million. Again using 520 million shares, that comes to $0.25/share in adjusted economic earnings per share. Annualize that and you get $0.33/share. So at $3.00/share, OZM is trading at 9x depressed earnings, or 11x including the FCPA preferred.
OK, so maybe this is not really 'depressed'. With still a lot of AUM, it is possible that AUM keeps going down.
AUM was $37 billion in November, but let's say it goes down to $30 billion. That's actually a big dip. But let's say AUM goes down there. And then let's assume 1% management fees, 20% incentive fees, and economic income margin of 50% (averaged 56% in past five years) and the OZM master fund return of 5%.
In this case, economic income would be $300 million. Equity-based comp costs seems steady at around $100 million, so we deduct that to get adjusted economic income. This comes to $200 million.
That comes to around $0.40/share. At $3.00/share, that's 7.5x adjusted economic earnings, or a 13% yield, or 9.4x and 10.6% yield including the FCPA preferreds.
So that's not bad. We are assuming AUM dips to $30 billion and OZM funds only earn 5%/year, and with that assumption the stock is trading at this cheap level.
Things, of course, can get much worse. If performance doesn't improve, AUM will keep going down. You can't really stress test these things as you can just say their returns will never recover and that's that.
On the other hand, any improvement can get you considerable upside.
If assets return to $40 billion and returns average 6% over time, economic income margin goes to 56% (average of past five years), adjust economic income per share is $0.76/share and the stock could be worth $7.60/share for more than a double.
Here's a matrix of possibilities. Skeptics will say, where are the returns below 5% and AUM below $30 billion?!
Well, OK. If returns persist at lower than 5%, it's safe to assume that AUM will go down and this may well end up a zero. That is certainly a possibility. It wouldn't shock many for another hedge fund to shut down.
On the other hand, if things do stabilize, normalize and OZM recovers and does well, there is a lot of upside here. What is interesting to me is that the market is discounting a lot of bad and not pricing in much good. This is when opportunities occur, right?
5% 6% 7% 8% 9% 10% 30,000 $0.45 $0.52 $0.58 $0.65 $0.71 $0.78 35,000 $0.56 $0.64 $0.71 $0.79 $0.86 $0.94 40,000 $0.67 $0.76 $0.84 $0.93 $1.01 $1.10 45,000 $0.78 $0.87 $0.97 $1.07 $1.16 $1.26 50,000 $0.88 $0.99 $1.10 $1.21 $1.32 $1.42 55,000 $0.99 $1.11 $1.23 $1.35 $1.47 $1.58 60,000 $1.10 $1.23 $1.36 $1.49 $1.62 $1.75
The row above is the assumed return of the OZM funds. The left column is the AUM. Assumptions are 1% management fee, 20% incentive fee, 56% economic income margin (excluding equity-based comp expense) and $100 million/year in equity-based comp expense.
It shows you that it doesn't take much for adjusted economic income per share to get back up to closer to $1.00, and can maintain $0.45/share even in a $30 billion AUM and 5% return scenario making the current stock price cheap even under that scenario.
Conclusion Having said all that, there is still a lot of risk here. Low returns and low bonuses can easily make it hard for OZM to keep their best people. But if their best people perform, I assume they do get paid directly for their performance so that shouldn't be too much of an issue.
A lot of the lower returns in recent years is no doubt due to their higher AUM. But it is also probably due to crowding of the hedge fund world and low interest rates leading to an overall lower return environment for all.
If you think these things are highly cyclical, then you can expect interest rates to normalize at some point. Money flowing out of hedge funds should also be good for future returns in these strategies. The part of lower returns at OZM due to higher AUM may not reverse itself, though, if OZM succeeds in maintaining and increasing AUM over time.
But even without the blowout, high returns of the 1990's, OZM can make decent returns over time as seen in the above table.
In any case, unlike a few years ago, the stock prices of many alternative managers are cheap (and I demonstrated how cheap OZM might be here) and institutional money seems to be flowing out of these strategies.
So: OZM is cheap and is in a seemingly universally hated industry Money is flowing out of these strategies, particularly performance chasing institutions (that you would often want to fade) there is a bear market in active managers and bubble in indexing (which may actually increase opportunities for active managers) value spreads are wide and has been widening for years making mean reversion overdue etc. These things make OZM a compelling play on these various themes.
I would treat this more like an option, though. Buy it like you would buy an option, not like you would invest in, say, a Berkshire Hathaway.
There are a lot of paths here to make good money, but there are also plenty of ways to lose. If you look at this like a binary option, it can be pretty interesting!
Posted by kk at 8:11 PM No comments: Links to this post Email This BlogThis! Share to Twitter Share to Facebook Share to Pinterest
Labels: OZM
Saturday, October 29, 2016 Gotham's New Fund Joel Greenblatt was in Barron's recently. He is one of my favorite investors so maybe it's a good time for another post.
Anyway, this new fund is kind of interesting as I am sort of a tinkerer; this is like the product of some financial tinkering. I don't know if it's the right product for many, but we'll take a look.
But first, let's see what he has to say about the stock market in general.
The Market Greenblatt says that the market is "expensive". The market is in the 21st percentile of expensive in the past 25 years. Either a typo or he misspoke, he is quoted as saying that the market has been more expensive 79% of the time in the past 25 years. Of course, he means the market has been cheaper 79% of the time.
The year forward expected return from this price level is between 2% to 7%, so he figures it averages out to 4% to 6% per year. In the past 25 years, the market has returned 9% to 10%/year so he figures the market is 12% to 13% more expensive than it used to be.
He says: Well, one scenario could be that it drops 12% to 13% tomorrow and future returns would go back to 9% to 10%. Or you could underearn for three years at 4% to 6%. We're still expecting positive returns, just more muted. The intelligent strategy is to buy the cheapest things you can find and short the most expensive.
But... Immediately, bears will say that this 25 year history is based during a period when interest rates went down. The 10 year bond rate was around 8% back in 1991, and is now 1.8%. In terms of valuation, this would have pushed up asset values by 6.2%/year ($1.00 discounted at 8%/year then and $1.00 discounted by 1.8% now).
Declining rates were certainly a factor in stock returns over the past 25 years. Of course, the stock market didn't keep going up as rates kept going down. The P/E ratio of the S&P 500 index at the end of 1990 was around 15x, and now it's 25x according to Shiller's database (raw P/E, not CAPE). So the valuation gain over the 25 years accounted for around 2%/year of the 9-10% return Greenblatt states.
Here are the EPS estimates for the S&P 500 index according to Goldman Sachs:
 EPS P/E 
2016 $105 20.4x 2017 $116 18.5x 2018 $122 17.6x
Earnings estimates are not all that reliable (estimates have been coming down consistently in the past year or so). But since most of 2016 is done, I suppose the $105 figure should be OK to use.
I don't know if it's apples to apples (reported versus operating etc.), but if we assume the 'current' P/E of the market is 20x, then the valuation tailwind accounted for 1.2%/year of the 9-10%. But then of course, even if this was a fair comparison, there is still the aspect of lower interest rates boosting the economy by borrowing future demand (and therefore overstating historical earnings).
In any case, one of the main bearish arguments is that this interest rate tailwind in the past will become a headwind going forward. Just about everyone agrees with that.
But as I have mentioned before, calling turns in interest rates is very hard, Japan being a great example. If you look at interest rates over the past 100 years or more, you see that major turns in trend don't happen all that often; it's been a single trend of declining rates since the 1980/81 peak, basically. What are the chances that you are going to call the next big turn correctly? I would bet against anyone trying. OK, that didn't come out right. I wouldn't necessarily be long the bond market either.
Gotham Index Plus So, back to the topic of Gotham's new fund. It is a fascinating idea. The fund will go long the S&P 500 index, 100% long, and then overlay a 90%/90% long/short portfolio of the S&P 500 stocks based on their valuations.
The built-in leverage alone makes this sort of interesting. Many institutions may have an allocation to the S&P 500 index, and then some allocation to long/short equity hedge funds. The return of the Gotham Index plus would be much higher (when things go well).
I think this sort of thing was popular at some point in the pension world; index plus alpha etc. Except I think a lot of those were institutions replacing their S&P 500 index portfolios with futures positions, and then using the cash raised to buy mortgage securities. Of course, when things turned bad, oops; they took big hits in S&P 500 futures, tried to post cash for the margin call and realized that their mortgage funds weren't liquid (and was worth a lot less than they thought).
Or something like that.
There is risk here too, of course. You are overlaying two risk positions on top of each other. When things turn bad, things can certainly get ugly.
I think Greenblatt's calculation is that when things turn bad, the long/short usually does well. I haven't seen any backtests or anything, so I don't know what the odds of a blowup are.
Expensive stocks tend to be high-beta stocks and cheaper stocks may be lower beta, so in a market correction, the high-beta, expensive names may go down a lot harder.
To some extent, lower valuations may reflect more cyclicality, lower credit risk / lower balance sheet quality too so you have to be a little careful. In a financial crisis-like situation, lower valuation (lower credit quality) can tank and some higher valuation names may hold up (like the FANG-like stocks).
But Greenblatt's screen is not just raw P/E or P/B, but is tied to return on capital, so maybe this is not as much of an issue compared to a pure P/B model.
The argument for this structure is that people can't stay with a strategy if it can't keep up with the market. Here, the market return is built in from the beginning and you just hope for the "Plus" part to kick in. In a long/short portfolio, the beta is netted out to a large extent so can lower potential returns. This fixes that. But there is a cost to that.
In any case, I do think it's a really interesting product, but keep in mind that it is a little riskier than Gotham's other offerings.
Oh, and go read the article on why this new fund is a good idea. Greenblatt is always a great read.
Chipotle (CMG) Well, Chipotle earnings came out and it was predictably horrible. The stock is not cheap so it hasn't been recommendable in a while, but I really like the company. There was a really long article on them recently which was a great read. It didn't really change my view of them all that much. I think they will get a lot of business back, eventually.
The earnings call was OK, but what was depressing about it was that they decided to ditch Shophouse. I don't think any analysts asked about it so it was a given, I guess. I had it a couple of times in DC and liked it and was looking forward to it in NY, but I guess that's not going to happen. As an investor, that was not baked into the cake, I don't think, even though there was probably some hope that the CMG brand can be extended into other categories.
This puts a lot of doubt into that idea. Someone said that brand extensions in restaurants/retail never work, and that has proven to be the case here. I wouldn't get too excited about pizza and burgers either. Burgers are really crowded now and will only get more so.
If CMG has to look to Europe for growth, that is not so great either as the record of U.S. companies expanding into Europe is not good. I would not count on Europe growth.
Anyway, this doesn't mean it's all over for CMG. I think they will come back, but there are some serious headwinds now other than their food poisoning problem; more competition etc. They were the only game in town for a while, but now everyone seemingly wants to become the next Chipotle, so there are a lot of options out there now.
As for Ackman's interest in CMG, I have no idea what his plan is. There is no real estate here as CMG rents all their restaurants, and their restaurants had high 20's operating margins at their peak. I don't know if they will ever get back up there, but it's not like these guys don't know how to run an efficient operation. Maybe Ackman sees SGA opportunities, but pre-crisis, SGA was less than 7%, so there wouldn't be that much of a boost from cutting SGA. Or maybe he thinks it's time for CMG to do what everyone else is doing and go for the franchise model. Who knows? I look forward to seeing what his thoughts are; hopefully some 500 page presentation pops up somewhere...
McDonalds I don't want to turn this into a food blog, but I can't resist mentioning this. I have been a lifelong MCD customer; I have no problem with it. OK, it may not be my first choice of a meal in most cases, but it's fine. And when you have a kid, you tend to go more often that you'd like. But still, it's OK. It is what it is, right?
I like the remodelling that they are doing, and the fact that they have free wifi is great too. But here's a big clustermuck they had with their recent custom burger and kiosk idea. I walked into a MCD without knowing anything about any of this recently. A lady said I can order at the kiosk and I said, no, I'll just go to the counter, thank you.
And I waited 10 minutes or so in line, looking up at the tasty looking special hamburgers on the HD, LCD menu board. It was finally my turn at the cash register and I said I want that tasty looking hamburger up there on the screen. And the lady said, oh, you can only order that at the kiosk. I was like, huh? That was really annoying. So I wait all this time and I can't get what I want; I have to walk all the way back and get in another line again? Come on! At that point, I didn't want any other burger so I just ordered a salad (and the usual for my kid).
OK, so it's my fault, probably. User error. But as a service company, as far as I'm concerned, that was a massive fail on the part of MCD.
OK, Now That I started... And by the way, since I got myself started, let me get these two out too. Yes, I spend too much time at fast food joints. Guilty. But still, here are my two peeves related to two of my favorite fast casual places:
Shake Shack: Being dragged there all the time, I have learned to love the Shack-cago hot dog. Chicken Shack is awesome too, in case you don't want to eat hamburgers all the time. But I can't tell you how often they get take-out and stay wrong. I had a long run where they didn't get it right at all and had to ask for things to be packed to go. It is really annoying and wastes everyone's time.
Chipotle: This hasn't happened to me the last couple of times, but this is the usual conversation that happens to me just about every time I go to Chipotle.
CMG: "Hi, what can we get you today?" (or some such) Me: "Um, I'll have a burrito..." CMG: putting the tortilla in the tortilla warmecooker, "and would you like white rice or brown rice? Me: "White rice is fine" CMG: with tortilla still in the cooker, "and black beans or pinto beans?" Me: "black beans". CMG: laying a sheet of aluminum foil on the counter and placing the tortilla on it, moving over to the rice area, "Was that white rice or brown rice?" Me: "white rice" CMG: sliding over to the beans, "and black beans or pinto beans?". Me: "black".
I can't tell you how many times this exact thing happened to me. If you can't remember what I say, don't ask beforehand! Just ask when we get to whatever you are going to ask me about! This is not rocket science, lol... Incredibly annoying.
Anyway, I still love CMG and will keep eating there.
Oh, and to make things interesting, I decided to post a contact email address in the "about" section of the blog. I will try to respond to every email, but keep in mind I may not look in that email box all the time.
I will try to post more, though.
http://brooklyninvestor.blogspot.com/2016/11/perpetual-option-och-ziff-capital.html (read original with tables)
submitted by BobFine to stocks [link] [comments]

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How to Master Martingale with Binary Options! - YouTube

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