The Wisconsin Department of Health Services reported 771 new coronavirus cases Monday, with zero additional deaths.
Wisconsin-La Crosse halts classes for 2 weeks due to virus
The University of Wisconsin-La Crosse has suspended in-person undergraduate instruction for two weeks, citing an increase of COVID-19 cases. The school said in a release it is requiring face coverings on all campus property, whether indoor or outdoor, and is expanding a previous edict for shelter in place that was limited to one residence hall. The Journal Sentinel reports that classes are now scheduled to resume in-person instruction on Sept. 28. Graduate courses will continue in their current pre-established mode.
Milwaukee archbishop urges Catholics to return to pews
Milwaukee Archbishop Jerome Listecki is urging Catholics in strong terms to return to in-person Mass, provided they follow rules about wearing masks and social distancing. The order excusing Catholics from in-person worship expires on Monday. The move coincides with the archdiocese lifting restrictions that limited churches to 25% of capacity. Listecki's letter to the 10-county archdiocese said the fear of getting sick is not an excuse, and Catholics "who deliberately fail to attend Sunday Mass commit a grave sin."
Milwaukee Mayor Tom Barrett said he wanted to learn more about the archdiocese's updated reopening plans.
Catholic dispensation for Sunday Mass is expiring
Catholic dioceses across the state are lifting the Sunday dispensation which means parishioners are once again obligated to attend Mass. Catholic churches lifted the obligation and stopped holding in-person Mass when coronavirus cases started growing in mid-March. Masses were once again held in-person at 25% capacity in June, but the dispensation was still in place. The dispensation officially ends next week. The diocese says there are circumstances when it's OK not to follow the obligation including when someone is ill, is taking care of someone who is ill, there isn't room to safely worship, or if a person has grave fear of contracting COVID-19.
The University of Wisconsin-Madison is moving all classes online and quarantining students in two of its largest dorms as it deals with rising cases of COVID-19.
According to UW-Madison data, 1,044 students and 26 employees have tested positive for the virus since Aug. 6.
Officials: Keep vote helpers out of Wisconsin nursing homes
Wisconsin election officials don't want to send special deputies into nursing homes to help residents vote in November. The state Elections Commission decided in March to keep special voting deputies out of nursing homes to reduce the spread of the coronavirus. Commissioner Robert Spindell directed staff last week to research whether deputies could reenter the homes to help residents vote absentee in November. But commission Administrator Meagan Wolfe warned in a memo to commissioners that the risk of deputies spreading the coronavirus among facility residents is still too great. The commission was set to consider the memo Thursday but the meeting was postponed.
RELATED: Wisconsin face mask mandate ordered by Gov. Evers as COVID-19 cases continue to rise
Evers won't say whether he'll seek mask mandate extension
Gov. Tony Evers says he has not yet decided whether to extend his statewide mask mandate that it set to expire Sept. 28. Evers spoke Wednesday during a Milwaukee Press Club event. His comments come as the state is seeing increases in COVID-19 cases, particularly on college campuses. Evers says he will "cross that bridge when we get there" when it comes to extending the mask order. But he says he believes it is legal. The order is being challenged by conservatives. A new Marquette University Law School poll showed 57% approve of Evers' handling of the coronavirus.
Milwaukee health commissioner steps down, cites obstacles
Milwaukee's health commissioner is quitting to take a new job, citing in part the partisan battles over how the coronavirus pandemic should best be managed. Jeanette Kowalik is joining a national health policy think tank in Washington, D.C. The Milwaukee Journal Sentinel reports that Kowalik noted obstacles to testing, public health orders, mask messaging and limits on public gatherings as part of the pandemic response. The newspaper said Kowalik made clear in an interview that she was referring to Republican state lawmakers and the conservative-controlled state Supreme Court, who have challenged or knocked down public health orders aimed at preventing the virus' spread.
With more positive coronavirus cases in Wisconsin linked to parties and other gatherings, state health officials have released a new tool that people can use to measure risk levels of different activities. Positive COVID-19 cases tied to mass gatherings grew from 7% of cases in May to 21% in June and 20% in July. The new tool allows people to answer a series of questions to determine the risk of certain behaviors. The health department also released guidelines for school districts to follow in preventing, investigation and controlling COVID-19 outbreaks.
Chicago COVID-19 travel quarantine list
Wisconsin has also be taken off of Chicago's COVID-19 travel quarantine list, Chicago health officials announced. The state was added last month due to the rising number of cases in the state. In order to be taken off the list, the state needed to continue to stay below a threshold of 15 daily cases per 100,000 residents over a seven-day period.
WLS-TV contributed to this report.


text:
Hey there, time traveller!
This article was published 28/1/2019 (836 days ago), so information in it may no longer be current.
Volunteers get the coffee brewing and grill fired up every day at the Starbuck Sports Centre’s canteen (60 Arena Blvd.) from September to March.
Vona Guiler, past president of the Starbuck Recreation Association, is in charge of scheduling the approximately 120 adults and teens on the canteen volunteer list. The canteen’s profits help pay for operating costs of the sports centre that houses a hockey and curling rink and classrooms used by Starbuck School’s Hockey Academy program.
The canteen offers burgers, fries, baked items and hot and cold beverages. Guiler said they try to keep their prices low, with a chicken burger platter costing $6.50, a burger $4 and cinnamon bun $2.
Guiler said, as far as she knows, the Starbuck canteen is the only one of its type in the area that’s completely managed and run by volunteers.
"It’s not just for hockey and ringette players. It’s for the community," she said.
Mindy Hamill is a longtime volunteer who remembers when her parents June and Bryan Norton worked shifts in the canteen.
Denise Vier, who calculates that she’s volunteered with the recreation association for about 50 years, said some of the volunteers like her no longer have children involved in the sports activities played in the complex, but remain on the volunteer list to support the community.
"They want to be in the canteen," she said.
She added that she’s served customers who come out from Winnipeg to have breakfast on the weekend.
"That’s a treat for people who come to Starbuck," she said.
Guiler said some volunteers are parents of children registered in Macdonald hockey and ringette leagues as they can get a fee discount of $100 per child if they are willing to work three or four three-hour shifts through the fall and winter months.
While she won’t change the schedule if someone isn’t able to work, that person can call a local teen and pay them to take their shift.
"It’s a self-managing system," she said, adding that local youth get valuable work experience in food preparation, money handling and customer service at the canteen.
"I’d like to see more families come here," said canteen stocker Lee Kiely. He said people are welcome to watch a Jets game on the TV in the lobby area while they have dinner.
Adults can take their food into the curling club lounge and order alcohol as the lounge is licensed.
Guiler said they try to use as many local ingredients as possible in their menu items and the baked goods come from a Winkler bakery. The cooking oil is donated by agri-food company Richardson Pioneer which operates a grain elevator and agri-business in Starbuck.
Guiler said people are welcome to share ideas for new menu items.
The canteen is open from 6:30 to 9 p.m. Mondays to Fridays, 10 a.m. to 9 p.m. Saturdays and 10:30 a.m. to 6:30 p.m. Sundays.
Take-out orders are offered by calling 204-735-2463.
St. Vital community correspondent
Andrea Geary is a community correspondent for St. Vital and was once the community journalist for The Headliner.

domain: news


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A coffee 100% natural with unique health benefits: the Ca Phe Sua Da
Get your TRUNG NGUYEN coffee delivered right at your door
Did you know Vietnam is the second largest coffee producer in the world? Its iced coffee (Cà phê sữa đá), very popular in Saigon, contains surprising nutritive qualities. A striking contrast between the sweetened condensed milk and the fusion of Arabica and Robusta grains. Powerful and tasty, the Ca Phe Sua Da seduces with its style, more and more trendy. We can find it on the terraces where artists and students meet.This is Cà phê sữa đá, Vietnamese iced coffee, and it is the bittersweet fuel that keeps Vietnam buzzing.
A natural solution to recover from Jetlag
During long haul flights, jetlag effects can be very harmful. Sleep disorders, headaches, extreme fatigue... Jetlag can be hard to fight for modern travelers and those working with staggered schedules. The reason is very simple: the biological clock that controls our body temperature, digestion or hormonal cycles changes, and it’s a big drama!
How to overcome it?
A rich coffee to boost
In Vietnam, coffee can, surpisingly, reduce the effect of Jetlag. It is a subtle iced coffee made from robusta coffee beans with full-bodied roasting, then slowly infused with a stainless steel Vietnamese filter.
In Hanoi and Hoi An, we serve the Ca Phe Sua Da this way: the sweetened condensed milk lining the bottom of the glass and merges with the black color of this incredibly intense coffee, poured delicately on the ice cubes. After stirring with a teaspoon, you just have to taste it fresh.
Whether you are a frequent traveler, looking for a little boost, or just want to bring back the taste of this unique flavor, TRUNG NGUYEN COFEE, the Vietnam's leading brand, offers this exceptional quality.
How to make a perfect vietnamese coffee "Ca Phe Sua Da"

domain: food


text:
GBIPL will continuously assist customers in monitoring & managing their agricultural practices to
make sure that the best practices get implemented.
Promoting Clean & Green Solutions
Quality & Healthy Food, & Clean Water
Environment - Soil & Water
We’re devoted to protecting and improving the soil and plant health. We know that the soil, water and plant health are all interconnected in delivering benefits for an affordable and abundant food supply. Hence, we are dedicatedly providing the world’s best solution for improving soil and plant health to obtain higher yield.
25% to 40% increase in crop yield.
The quality of produce in terms of size, taste, sugar content, etc.
The crop will mature faster and the harvesting cycle will advance by 20% days of crop cycle.
No chemical input into the soil and plant nutrient uptake system.
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Greenbay continuously assist farmers in monitoring & managing their agricultural practices to make sure that
the best practices get implemented.
States: Jammu & Kashmir, Punjab, Rajasthan, Assam, Bihar, West Bengal,Odisha, Gujarat, Maharashtra, Chhattisgarh, Karnataka, Andhra Pradesh, Tamil Nadu
Crops: Grapes, Apple, Citrus, Papaya, Almonds, Banana, Mangoes, Cashew, Palm, Water melon, Strawberry, Corn, Grams, Wheat, Rice, Pulses, Chilli, Cotton, Onion, Sugarcane, Potato, Tomato, Bringle, Cabbage, Cauliflower, Beat Root, Carrot, Pea, Bitter Gourd, Okra, Bean, Bottle Gourd, Turmeric, Tea, Coffee, Spices, Rubber, Gerbera, Rose, Orchids and many more..

domain: agronomy


text:
Explore Gallery of 3 Ct Emerald Cut Engagement Rings
Showing Photo About Free Diamond Rings. 3 Stone Emerald Cut Diamond Engagement Rings Within 3 Ct Emerald Cut Engagement Rings
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domain: artistic


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CNH SHAREHOLDERS APPROVE ANNUAL DIVIDEND
For more information contact:
Communications (+1) 847 955-3939
Lake Forest, Illinois (April 26, 2004) At today's Annual General Meeting, the shareholders of CNH Global N.V. (NYSE:CNH) approved the dividend recommended by the company's Board of Directors. The 2003 annual dividend of $. 25 per share of common stock will be payable on Tuesday, May 25, 2004 to shareholders of record at close of business on Tuesday, May 18, 2004.
CNH is the power behind leading agricultural and construction equipment brands of the Case and New Holland brand families. Supported by more than 12,000 dealers in approximately 160 countries, CNH brings together the knowledge and heritage of its brands with the strength and resources of its worldwide commercial, industrial, product support and finance organizations. More information about CNH and its products can be found on line at www.cnh.com.

domain: economics


text:
(Jefferson County) Jefferson County Project Homeless Connect, an event to aid the homeless population in the county will be held on Thursday, October 14th at First Baptist Church of Arnold.
Disability Resource Association Director Nancy Pope says the event runs from 8am until 1pm.
There will be a lot of resources available during the event.
Jeffco Express will offer free transportation to the event from any of its bus stops across the county.
Once again Jefferson County Project Homeless Connect will be held on Thursday, October 14th from 8am until 1pm at First Baptist Church of Arnold.

domain: sociology


The reviews are automatic translation.
On 2017-02-08 16:04:56
I purchased what is high want good stuff
I was disappointed in the quality of the hose to say honestly. It is a cheap guy par of home improvement
Woodworking machinery of air piping extension and distribution.
On 2016-10-31 16:24:48
If this amount of money, strength and curvature, is no problem. That's is also happy with the coupler.
Sheet metal paint automobile maintenance
On 2016-02-02 15:10:58
We used a variety! Monotarou from home improvement, versus sputter hose, soft urethane hose. Versus sputter hose of TRUSCO, that had strong and habit and twist even 10 years that does not occur strongest!
The, variously looking Based purchase the "gray color" of this merchantability.
The color is gray? "White".
Why take time to put out the hose from the bag
It takes time to extend the hose off the cord that is bundled hose
In such surface of the food wrap, friction involving a large hose to each other, it was losing involving also to do.
On 2015-06-14 19:24:27
I'm happy because it was looking for and wanted
On 2015-05-03 23:54:07
And tangled difficulty, it is really selfish is good no broken or wings.
Impact wrench work
On 2015-03-12 21:45:53
Impact wrench down the performance of I purchased I want to give full play. Because it does not have full-fledged use, I do not know the outcome. Flexibility of the hose, I am satisfied so far (like watch or deterioration due to aging is what about). Red hose (we regret.) Red to meet the eye than I expected in the private likes wine red.
Compressor → to connect to reel
On 2013-12-07 10:16:14
Purchased two hose reel of the company TRUSCO
Them we use two from the compressor
Just hard plastic and the middle feel of silicon
(Different from the guy in the firm, such as in home centers)
In, it has a firm surface very easy to handle.
Durability is also good.
After, but his will frequently used ones TRUSCO in the brand
Again impression that the metal parts are firmly was this product is also the same.
But we all satisfy this time in failure with no brand.
Since the connection we used 5m.


SAN FRANCISCO — Google Inc., the company that always seems to be hiring, has finally started firing.
And it's beginning with the people responsible for the hiring.
The Web search giant, which went from a dorm-room start-up to nearly 25,000 employees in a decade, said Wednesday that it planned to let go about 100 recruiters.
It also intends to shutter three engineering offices.
In the face of a broad advertising slowdown, Google had slowed its hiring and eliminated most of the contractors it used to find and recruit people.
"After much consideration, we have with great regret decided that we need to go further," Laszlo Bock, Google's vice president of people operations, wrote in a post on the company's official blog.


text:
DeScale7 is a concentrated solution that safely cuts through calcium, lime, rust, mud, and other deposits. It appears as a clear amber liquid with a pungent odor.
With today’s focus on environmental responsibility, companies are searching for safe, yet highly effective alternatives for dissolving deposits that rob efficiency in water-operated equipment. That’s why we created DeScale7. DeScale7 is a calcium, lime, and rust remover. It may be used in boilers, chillers, pumps, radiators, evaporators, turbines, extruders, condensers, and dishwashers. It also may be used in cleaning applications, such as for pressure washing.
DeScale7 is non-hazardous, non-fuming, and non-regulated, with no elaborate PPE requirements. Please see DeScale 7 Safety Data Sheet for full safety and compatibility information. When using DeScale7, you should avoid contact with aluminum, magnesium, or zinc. It is not recommended for applications where contact with alloys containing high concentrations of these metals could occur.
UN1760, Corrosive liquids n.o.s. (contains organic acid salts), 8, PG III
DeScale 7 Liquid Descaler is available in 4X1 gallon cases, 5 gallon carboys, 15, 30, & 55 gallon drums, 275 gal totes and bulk.

domain: chemistry


text:
Hummus with Beef
This post may contain affiliate links. Please read our disclosure policy.
This Hummus with Beef recipe is a simple, authentic and popular Lebanese dish. Hummus with beef is a perfect appetizer, side dish or even a low carb meal by itself!
Hummus with Beef
Take your simple hummus dip to another level, top it with a perfectly spiced beef, onion and pine nuts. This recipe incorporates the hummus recipe I posted a while back.
How do you Make Hummus with Beef?
- Start by roasting pine nuts until golden. Set aside.
- Sauté onion until wilted, then add ground beef, salt/spices and cook.
- Make your hummus and spread out into a serving plate. You can use store bought hummus or make my easy hummus recipe.
- Top your hummus plate with warm minced beef mixture and sprinkle with fried pine nuts, garnish with chopped parsley, if you’d like.
- For fluffy hummus, add ice cube to the food processor. Sounds crazy right? The ice cubes help in whipping the hummus into a creamier texture.
- Don’t rush it! Let the food processor run for 4 to 5 minutes. Run the food processor for a few minutes so the hummus mixture will blend well enough to a smooth texture.
- Serve the hummus with warm ground beef mixture. Serve hummus at room temperature, but make sure to have the beef mixture is warm before topping your hummus.
FREQUENTLY ASKED QUESTIONS
Can you freeze hummus?
Hummus freezes really well, I always make a big batch!
For this Hummus with beef recipe, I prefer to freeze beef separate from the hummus though. Also place cooked ground beef in an air tight container. It will keep well for up to 3 months. Thaw it in the fridge before serving.
Can you make it ahead of time?
Homemade hummus will keep for about a week covered in the fridge. You can make the seasoned ground beef ahead of time and store it separately for 3 days. When ready to serve, warm your beef and spread over hummus.
More popular Lebanese dips:
If you love this homemade hummus recipe…
If you’ve tried this healthy Lebanese side dish recipe or any other recipe on The Salt and Sweet Kitchen, then don’t forget to rate the recipe and leave me a comment below! I would love to hear about your experience making it. And if you snapped some shots of it, share it with me on Instagram or Facebook.


text:
- BrandТД Вика
- Country of manufactureRussia
- Weight0,5 L
Miniralnoy Fertilizers: Fertilizer mixtures: "Giant - bio" mark of 2.2 - 1 - 1. Packaging 0.5 liters liquid universal fertilizer for all fruit and berry crops. Especially recommended for growing onions, garlic, root crops (carrot, radish, beet) as well as melons (pumpkin, watermelon).
Packing: PET bottle of 0.5 liters (24 pieces in the package. )
Liquid humic fertilizer "Giant - bio" - universal fertilizer for house and garden plants. Fertilizer easily assimilated by plants, has increased bioefficacy and duration of action.
- Organics - mineral
- For the garden - the garden
- Paints, varnishes, primers
- Anti - corrosion treatment
Cleaning and maintenance products
Price is formed on each consignment of goods in stock
Terms of delivery: (FCA, EXW and others at customer's request) Packing: Boxes
Payment Terms: Advance payment, partial payment, letter of credit
Country of origin: Russia

domain: hobby


text:
J.M. Smucker Company (NYSE: SJM) has seen shares trade between a wide range over the past year. Earnings misses caused by struggles with the pet food and coffee businesses have soured the market on the name as the ongoing bull market has provided other options for investors to put their money. These operational headwinds appear to be fading, and shares are still a value - even though we are now well off of 52 week lows. With the business rebounding, and the company's effective tax rate set to dramatically fall due to tax reform - J.M. Smucker is poised to deliver good news when it posts its most recent quarter on February 16th.
J.M. Smucker has traditionally been a strong performing consumer goods stock, delivering consistent top and bottom line growth over the years.
This consistent growth powered by a strong brand portfolio and multiple bolt-on acquisitions, has enabled investors to receive a return on shares of more than 14% per annum over the past two decades. With a portfolio filled with market leading brands, J.M. Smucker is a true blue chip stock in the consumer goods sector.
Over the past year, shares have slid from highs of more than $140 per share to lows of $99 per share, and hovered somewhere in between since. Part of the downward pressure shares have seen, have come from slipping sales and margins that have combined to wreak havoc on sales, and/or operating profits throughout the business.
In coffee, sales comps for Smucker brand Folgers were down based on the prior year setting the bar high, as well as increased competition from both coffee shops such as Starbucks (NYSE: SBUX), and competing product brands such as Keurig Green Mountain owned by JAB Holding Company. The Folgers brand saw year over year net sales declines of 13% and 6% in the first two fiscal year 2018 quarters. Higher input costs from a rise in green coffee prices put a simultaneous squeeze on margins, that saw a combined drop in operating profits of 29% in the first quarter, and 18% in the second quarter.
In consumer foods, a loss of a high importance retailer disrupted distribution for the Crisco brand, bringing sales for the brand down 20% through the first half of the year. Smucker brand Pillsbury has also struggled this year due to competitor price points putting pressure on sales. Despite these issues, profits for the consumer foods segment managed to hold flat in Q1, and actually increased 10% on expanded margins in Q2. The expanded margins were due to pricing power and supply chain management. That is a quick side reminder on how brand power can help boost your business performance.
The pet food segment has seen its own share of struggles as well, although it rebounded in Q2. The first quarter saw an ugly 20% drop in profit (despite 7% sales growth) due to higher marketing expenses, and costs (the pet food industry is very price competitive) putting pressure on margins. By Q2, cost cuts and synergies restored profit growth with a 7% year over year bump.
These struggles have forced management to twice in two quarters, revise end of year earnings guidance to the lower end.
In all, these are all signs that J.M. Smucker is facing some short term struggles with controlling margins, and dropping sales. A lot of these margin pressures will go away (and have already begun to do so) as J.M. Smucker continues to find cost savings (a common initiative among defensive, consumer staple type companies). Sales can be improved on with promotions, marketing, product innovations, etc. The trick is to have a robust brand portfolio, with names that resonate with consumers (they do), and to have a management team that is capable of executing sales strategies (I still think that they are competent in this area).
The market is a short term tool of judgment, and these short term struggles are why the shares have come all the way down from $142 the way that they have. As a long term investor, these moments of vulnerability give me the opportunity to accumulate shares at attractive valuations.
And Valuations Are Still Attractive
Despite us looking at $120 per share at the moment, shares are still attractively valued. The low we saw of $99 per share was a heck of a deal, and just because we have moved on from that valuation, doesn't mean that shares are over-valued today.
With the company forecasting to end the year earning about $7.90 per share (after two downward revisions), shares are priced at just over 15X this year's earnings. That is a significant discount to historical averages that have put the earnings multiple at 19X in the past. The dividend is also yielding above 10 year averages, with its current yield of 2.61% vs its historical average of 2.28%.
Cash flow yields are 6.5% of share prices, but this is partially elevated because cash flows have come down in the past couple of years. Meanwhile, free cash flow is going to further shrink in 2018. Forecasted to come in at $775M due to increased CAPEX of $310M, the struggles seen in various business segments with operating profits contribute to this shrinkage.
Again, the market is punishing shares based on short term performance, with analysts expecting mediocre growth over short term.
source: Guru Focus
The market is not excited about the next few years for business, that is why shares continue to trade at such an attractive valuation. I am not as bearish as analysts are on J.M. Smucker over the next few years.
Big Heart Pet Brands Will Continue Growth
J.M. Smucker has certainly lagged in cutting enough costs, and providing enough synergies since the acquisition has closed. The additional margin squeeze from expenses has really hurt the momentum of the acquisition's positive contributions to the business. The latest quarter showed some signs of life, with a 70 basis point increase in margin last quarter. If this keeps up, I expect the pet brands segment to do some more lifting for Smucker's bottom line.
With various household names in the pet food market such as Meow Mix, Kibbles 'N Bits, 9-Lives, and Milk Bone - sales should trickle down to J.M. Smucker. Pet food is arguably the fastest growing spend category for pet owners in the pet ownership category.
Almost A Dividend Champion
J.M. Smucker has increased its dividend for 20 consecutive years, well on its way to 25 years - earning its title of "dividend champion" in the process.
J.M. Smucker has been a strong free cash flow generator, and the dividend has remained extremely well funded as a result. Even if we consider that free cash flows for the company will shrink to $775M in 2018 (or $6.80 per share), the annual dividend of $3.12 per share still consumes less than half of these compressed free cash flows.
The important take away with this, is that when your business model is of high quality (in other words, it turns a large portion of sales into free cash flows), it can take a lot of abuse, and STILL maintain the flexibility to invest cash as needed, where it is needed. That may mean raising the dividend (which it has, and will continue to do so at an inflation beating pace), or seek out growth with a bolt-on acquisition, or invest internally to spur organic growth. Through these short term operational struggles and bolt-on acquisitions over the past 10 years, the dividend has still grown between 7-10% per year. The business model is strong enough to withstand the ebbs and flows of change and the occasional struggle over time. That is why it has managed to compound investors' wealth at 14% for years.
Poised To Benefit From Tax Reform
The recently passed tax reform has benefited all of Wall Street. While it has benefited some companies more than others, J.M. Smucker is in the camp that stands to see a nice cut in its taxes.
Consistently facing a tax rate in the low to mid 30% range, the tax cut pushing corporate taxes lower to a rate of 21% will benefit J.M. Smucker. I expect we will learn more about the potential effects of this legislation when Smucker reports its Q3 earnings on the 16th. Possible options include a "pass down", to pricing - using the additional profitability to lower prices to consumers making them more competitive. Management could also invest the cash back into the business, go hunting for its next acquisition, etc. This is an opportunity for the company to receive a catalyst to the upside.
Earnings Report Should Be Interesting
This all comes together, and makes the upcoming earnings call very intriguing for J.M. Smucker investors. While the tax benefits are exciting, and will likely lead to a boost to guidance, the business was already starting to rebound from a tough start to the year. Management has long predicted the second half of the year to easily outperform the first half. Coffee prices are expected to rebound in J.M. Smucker's favor, leading to margin expansion. The pet food business should continue to see margins expand as well thanks to cost cuts. A combination of positive news could change the market's angle on J.M. Smucker for the better. In my opinion, the business would have to completely revert to the rough start it had in Q1 to really cause any noteworthy downward momentum. I just don't see that happening. The latest operational notes point to continued momentum.
I really hate the idea of trading ahead of earnings. Earnings are complete wild cards, and J.M. Smucker has proven volatile with strong upward and downward movements after recent quarterly earnings reports. As a long term investor however, I see the current window being open to grab shares while the stock is still "beaten up" by the market.
You just don't see quality companies such as J.M. Smucker trade at 15X earnings very often. Even in a state of struggle, the company is a cash generating machine, and the reduction in its tax rate will only enhance that characteristic. While investors could look at the 52 week low of $99 compared to today's price and scoff - don't. I would wager that it's more likely than not that we don't see $99 again barring a complete economic, or market wide collapse. Depending on how earnings look, a market trying to rebound from a recent correction may shoot shares higher if the market likes what it hears this Friday.
Disclosure: I am/we are long SJM.
I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

domain: finance


Community Embraces First-ever Princess Warrior 5K Event
The first-ever Princess Warrior 5K Run, Walk, Roll, Stroll or Crawl took place on Saturday, Sept. 28 with more than 500 people participating in the event, despite the rain.
Jane Evelyn Fiemeyer, the Princess Warrior, was a vibrant second-grader at Wadena-Deer Creek Elementary School when diagnosed with Acute Lymphoblastic Leukemia at the age of seven. Jane fought a courageous battle with cancer, but died peacefully at home on Sept. 6, just three weeks before her ninth birthday on Sept. 27, 2012. This event was an opportunity to raise awareness and funds for childhood cancer awareness.
“Jane had a dream to find a cure for cancer so that other young children and their families didn’t have to experience the pain that comes with a cancer diagnosis,” said Jil Fiemeyer, Jane’s mom. “The Princess Warrior 5K is an opportunity to keep Jane’s legacy alive and raise awareness about the bully we call childhood cancer.”
Event goers came out in their princess best to participate in the event that took place on the southwest side of Wadena. The 5K started and ended at Tapley Park – Jane’s favorite park in Wadena. The race was led by Terry Olson, in honor of his daughter Johanna who died from a recurring brain tumor. He was the Grand Marshall and he led the first runner by bike.
To make the event even more fun, homeowners along the route decorated their property in everything from crepe paper to balloons. Individuals along the route got into excitement including kids cheering on participants, Mayor Wayne Wolden passing out cookies at his home and Cindy Uselman, Jonell Ashfeld and Lois Lawson dressed as prom queens cheering for the participants at the Lawson residence and then again at the finished line.
The event was planned by a committee of including Jane’s second grade teacher, her physician, friends, family and her mom. More than three dozen volunteers helped with everything from set-up, to clean-up to directing traffic at each of the race intersections.
“We couldn’t have made this event without the plethora or volunteers who braved the rain to make it a memorable event,” said Jil.
Raising awareness for childhood cancer didn’t end at the event. Several area businesses chose to donate a portion of their proceeds to the Princess Warrior Fund for each participant that visited their establishment after the event.
“One of my favorite comments of the day was that it was the most fun ever had at a 5k,” said Jil. “The goal of the event was to have child-like fun. I believe that if you had fun, you will come back next year. If you come back next year, Jane’s legacy will continue. If Jane’s legacy continues, then Jane won’t be forgotten. If Jane won’t be forgotten, then neither will raising awareness for childhood cancer research.”
The next event is planned for Saturday, Sept.27, 2014.


Monocular metallographic microscopes are widely used in schools, laboratories of industrial and mining enterprises to identify and analyze the structure of various metals and alloys, and to conduct general metallographic research on heat-treated materials. The microscope image is clear, the field of vision is wide, and the overall design conforms to human-machine functions, suitable for long-term operation.
Conventional metallographic microscope, because it is inverted, is suitable for irregular or large specimens, used to identify and analyze the structure of various metals and alloy materials; the quality of castings; the inspection of raw materials or after material processing Analysis of metallographic structures; and research on surface phenomena such as surface spraying and cracks. Widely used in factories, laboratories and teaching and research fields. Technical Parameters:
1. Structure: Monocular Inverted 3 Objective Converter
2. Total magnification: 100 ×-1250 ×
3. Dividing eyepiece: 10 × flat field zoom, 0.1 mm grid value
4.Double-layer mechanical stage 160 × 140 mm Movement range 70 × 50 mm Cursor grid value 0.1 mm
5. Focusing mechanism: Coaxial coarse and fine movement lifting range 30 mm Fine adjustment grid value 0.002 mm
6. Lighting system: halogen lamp 20W / 6V brightness adjustable


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Quote Type : Humor Funny Quotes By : A memorandum is written not to inform the reader but to protect the writer.
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Type: Election Day Funny Sayings By: Author Unknown During a campaign the air is full of speeches - and vice versa
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Type: For a Friend Funny Sayings By: Toni Morrison, Beloved She is a friend of mindShe gather me, manThe pieces I am, she gather them and give them back to me in all the right orderIt's good, you know, when you got a woman who is a friend of your mind
Type: Adversity Funny Sayings By: Elinor Hoyt Wylie, Angels and Earthly Creatures. One Person. Sonnet XVI I bear a little more than I can bear
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Type: Women's Greetings Funny Sayings By: Zsa Zsa Gabor I want a man who's kind and understandingIs that too much to ask of a millionaire?
Type: Unity Funny Sayings By: Antoine de Saint-Exupéry, Wartime Writings 1939-1944, translated from French by Norah Purcell One is a member of a country, a profession, a civilization, a religionOne is not just a man
Type: Columbus Day Funny Sayings By: Justin Winsor Hardly a name in profane history is more august than hisHardly another character in the world's record has made so little of its opportunitiesHis discovery was a blunder; his blunder was a new world; the New World is his monument!
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Type: Teacher Appreciation Funny Sayings By: Lily Tomlin as "Edith Ann" I like a teacher who gives you something to take home to think about besides homework

domain: entertainment


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This post is part of the 30 Day Book Challenge.
This is now the third day in a row I’ve mentioned this particular series. Starting to sense a theme, here. I promise, I do read more than just Harry Potter.
The longest book I’ve read is probably still Harry Potter and the Order of the Phoenix. It was the longest of the series, at a colossal 766 pages, and the first of the real door stoppers.
Order of the Phoenix is also my favourite of the series.
It was the first book in which we saw a grown up Harry, Ron and Hermione. I mean, following the events of the Triwizard Tournament they didn’t have a lot of other options than maturing, and deciding on a way to tackle Voldemort head on, but still.
We also saw them doing what regular teenagers do, for the first time in the series; Harry had his first kiss (at the tender age of 15, so if you were a late bloomer it made you feel a little better about yourself) and had his heart broken by her part in the betrayal of the D.A.
One of my favourite parts of the book, though, was the introduction of possibly the greatest villain of all time- one Dolores Umbridge. Voldemort may have been there since the start, but Dolores was a much more realistic anti-hero.
She was the teacher you hated in school who kept you in detention every week. She was the one who assigned mountains of homework on the eve of your mid term break. The one you knew had absolutely no favourites, because everyone was treated equally- sometimes to the student’s detriment. JK Rowling could keep Voldy for all I cared- the idea of a quill that engraved the words on your very hand as you wrote them out filled me with fear and uneasiness.
Despite it being the longest book of the series, and the longest book I’ve ever read, eleven-year-old me swallowed the book whole, finishing it within 24 hours of picking it up. Ah, the days before Facebook and distractions.

domain: library


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Being passionate about acting and honing your skills is the first step toward becoming a professional actor. This is a life journey, and many of us assume that acting comes naturally to us. And this has a lot to do with Julian Brand, a well-known actor. Julian Brand is a rising actor and self-described anti-hero whose expert skills both on and off the screen have allowed him to pursue greater roles an…
So Julian Brand Actor movie critics bring to you the top 10 Historical shows of USA. Julian Brand praises actor Kate Siegel but isn’t a huge fan of the screenplay. In this review of the CW series Riverdale Julian Brand actor names actor KJ Apa the star of the whole show as it is very close to the end. A strange and implausible premise, bad writing, and inconsistent characters. There are very rare clever approaches to anything in the show.
If you’re still wondering who we are talking about, read on to find out who Julian Brand is, his early life as an actor, and his distinctive role as a movie reviewer. A student under Larry Moss and an actor having worked with Alex Karpovsky, Julian’s experience and training attest to his exemplary showcase of skill on-screen. Julian garnered a small role in the critically acclaimed film The Wolf of Wall Street and was cast in bigger roles as Brad in Pink Zone and Mario in Dope .
Julian Brand was born in San Francisco and has wanted to be an actor since he was a child. He started in the entertainment sector by acting in school plays and analyzing movies when he was still in elementary school. Actor Julian Brand has progressed as an outstanding actor, developing personas that leave a lasting impact on audiences, beginning with his debut acting job as Tommy in The Music Man. The first step to becoming a successful actor is being passionate and working on your skills.
I hope that my information is enough to understand how Julian Finch is committing fraud and illegal activities in regards to Indian scam call centers. He lists CutPay Merchant Services as his interests – sounds like their payment gateway. Payment gateways are used to process the scam victim’s credit cards.
Sebastian, on the other hand, must swiftly adjust to become Ludwig Dieter, despite his stumbling and fearfulness. The zombie catastrophe is primarily relegated to the background in this prequel. The picture is a sequel to a plot that was never based on an established IP in the first place, so calling it an original feel like a stretch. There isn’t much new in the film; instead, it’s a tiresomely long voyage that may keep spectators riveted to the screen for two and a half hours for no purpose.
He is a native of San Francisco who has wanted to be an actor since he was young. His love for acting and entertainment is evident in his early school days, where he played different roles in school plays and classroom activities. In addition to acting, Julian enjoys juggling in his free time and traveling.
Julian Brand is a detail-oriented man who delivers a thorough and unbiased review of every film or television series he watches. Julian Brand Actor Movie ReviewsJulian Brand is an American film critic and author. He has written several books on American Cinema and has been a film critic.
Digit caters to the largest community of tech buyers, users and enthusiasts in India. The all new Digit.in continues the legacy of Thinkdigit.com as one of the largest portals in India committed to technology users and buyers. If you are at an office or shared network, you can ask the network administrator to run a scan across the network looking for misconfigured or infected devices. A lot of stories like this are published on the internet with little to no evidence for that.
A movie star in the making who’s already acted with other celebrities in Hollywood, Julian is ready to take on any new challenges on camera and bring the best entertainment to anyone watching. A movie star in the making who’s already acted with other celebrities in Hollywood, Julian is ready to take on any new challenges on camera and bring the best entertainment to anyone watching. Julian Brand is a reviewer from Sacramento, California who had a passion for movies and direction since he was a teenager. He has his own website filled with interesting takes on many movies, shows, and actors. After completing his filmmaking course from California State University, he aspired to become a director or a producer, however, never got around to doing that.
Ludwig Dieter, one of the most popular protagonists in the ‘Army of the Dead,’ receives his background tale. Sebastian Schlencht-Wöhnert (Matthias Schweighöfer) is a banking cashier fascinated with safecracking as a pastime since we first see him. When he’s not working at his traditional bank position, he films documentaries on the heritage of a few of the country’s greatest impenetrable vaults. Gwendoline sees one of his films and invites him to accompany her squad as they attempt to break into much more difficult safes.


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Alexandra Vinson, Ph.D., recently published "A 'Social Science of Solutions' for Healthcare" in the public sociology magazine Contexts. Written for a general audience, this article gives an overview of Collaborative Learning Health Systems, discussing how this new model of healthcare improvement can lead to lasting and meaningful change in healthcare delivery and clinical research. Prechter Program Faculty and Staff are working with Dr. Vinson, as well as patient and family partners, to build a collaborative learning health system for bipolar disorder.
February 1, 2023
A “Social Science of Solutions” for Healthcare: New Paper from Prechter Program Collaborator
Dr. Alexandra Vinson, a collaborator of the Prechter Program, shares her perspectives on Learning Health Systems and how this model has the potential to transform healthcare.

domain: literature


text:
Now the former EastEnders actress, 27, has wowed fans with a hair makeover that has left her looking very different.
Jac shared an image on social media site Instagram showing off her new ‘do.
Her honeycomb-coloured locks tumbled past her shoulders in the new, wavier look.
She captioned the stunning image: “Good things pending” followed by party and heart emojis.
It wasn’t long until an army of followers rushed to the site to comment on the new look, including some of her celeb pals.
Former I’m A Celeb campmate Nadine Coyle said: “Such a babe!!!!”
GMB’s Kate Garraway also commented, saying: “So there should be – your fab – can’t wait to hear!!!”
“Beautiful,” said TOWIE’s Chloe Meadows, before leaving a heart emoji.
Just as beautiful outside of the jungle as you were inside.
Finally, a fan commented: “WOOOW!!! Just as beautiful outside of the jungle as you were inside.”
Leave us a comment on our Facebook page @EntertainmentDailyFix and let us know what you think of this story.

domain: celebrity


text:
Great thread guys. I love to cook, but find that I am not very good at it. I try, but more often than not, I fail. Every once in awhile things will go just right, and it's really a great feeling. Food tastes better when you have labored for it a little.
I've been trying to eat healthier lately. I have been a huge red meat eater and I'm trying to cut back and incorporate some salmon, shrimp, and other sea urchins into my diet. Anyone have any good (as always, cheap) recipes for fish other than salmon?


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text: Evaluation of urine and sputum samples detected bacterial pathogens in 58.0 percent of CAP sufferers; S. Pneumoniae and Haemophilus influenza were most common, being within 28.2 percent and 18.3 percent of patients, respectively. Additionally, 27.5 percent of samples were positive for at least one respiratory virus; individual enterovirus or human being rhinovirus were the most frequent, present in 13.3 percent.The major cause of most lung cancers is. Yes, you guessed it. Using tobacco. Or more exactly, the inhalation of the carcinogens contained within the smoke. If a smoker can be subjected to radon in the environment also, well, that is clearly a ticking period bomb waiting to set off. Beyond both of these contributors, there exists a form of lung cancer called mesothelioma, which results from contact with asbestos. However, cigarette smoke continues to be the major causes behind most forms of lung cancer.

domain: medical


text:
The topic of sanctuary cities grabbed national attention following the death of a young woman in San Francisco. The man accused of her murder had previously been deported several times and had been convicted of multiple felonies. Much of the attention focused on San Francisco’s ordinance, which bans local officials from using city funds to enforce immigration laws or asking about individuals’ immigration status unless required by law or court order. In response to this tragic event, many GOP candidates in the presidential race urged for Congress to increase border security and punish so-called sanctuary cities.
Republicans in the Senate attempted to pass the “Stop Sanctuary Policies and Protect Americans Act,” which would target so-called “sanctuary cities,” and the House passed a similar measure this past July. The bill, which ultimately failed in a procedural vote in the Senate, attempted to limit federal funding available to local jurisdictions that do not fully comply with federal immigration law.
President Obama threatened to veto both the House and Senate bills and has argued for Congress to pass comprehensive immigration reform. Though the bill is unlikely to get the votes it needs to pass outright, it is expected that republican legislators will attempt to attach it to “must-pass” legislation.
What is a Sanctuary City?
There is actually no legal definition of a sanctuary city. Generally, it is understood to refer to jurisdictions that have laws or policies in place that limit the extent to which local law enforcement or government officials will cooperate or assist the federal government on immigration matters. These cities may choose to do this through ordinance, internal memo, or as an informal practice. However, the definition can vary a great deal from place to place and has become an increasingly divisive and loaded term.
To be clear, sanctuary policies or laws cannot prevent the federal government from enforcing immigration laws within any jurisdiction. Therefore, while law enforcement may decide not to ask about the immigration status of individuals or alert federal officials of the illegal status of individuals, it in no way limits the authority of the federal government from enforcing immigration laws.
The sanctuary movement began in the 1980s and was largely spearheaded by churches. Although the numbers vary, there are estimated to be over 200 sanctuary cities or counties in America today including major cities like Houston, San Francisco, Los Angeles and New York. For undocumented immigrants, living in a sanctuary city could mean possibly avoiding the deportation of individuals who are long-time residents and are making valuable contributions to their communities. These individuals may also be more likely to report crimes to the police that may otherwise go unreported due to fear of deportation.
As the presidential election inches closer, the issue of sanctuary cities and immigration will continue to be hotly debated. What is less certain is whether there will be any kind of widespread changes given the political divide on the issue of immigration reform.
Learn More About Your Rights as an Immigrant in Georgia
If you have questions about your rights as an immigrant living in Georgia. the experienced Savannah immigration attorneys at 1Georgia Injury Lawyers, PLLC can help. Call us today to schedule a free case consultation.


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Special Edition Hardback Art-book & CD SOLD OUT –
This is the Limited Special Edition Hardback Art-Book – 38 page full colour book containing art, concepts, lyrics, song intros plus a CD of the album. Watch the promo video here
The hardback version is now sold out however, there is a paperback version of the special edition artbook available as a package along with the regular CD (the perfect accompaniment to the album – 38 page full colour book containing art, concepts, lyrics, song intros etc.) click here. For the regular CD on its own – click here. Digital download – click here.
Part 2 in Stewart Bell’s lucid dreaming themed trilogy of concept albums featuring Ayreon’s Arjen Lucassen, Simone Rossetti from The Watch, Bekah Comrie from Grace & Legend and Citizen Cain’s Phil Allen.
Out of stock


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Earlier this spring I came upon an interesting aggregation of insects at a sap flow at the base of the trunk of a large oak ( 698 more words
Tags » Missouri
Although eating disorders can affect anyone, one of the most prevalent places they’re found is on college campuses.
“It’s kind of a recipe in a way for eating disorders if you are vulnerable to developing one,” Claire Mysko, director of programs at the National Eating Disorders Association, says. 334 more words
ST. LOUIS (KMOX) – Conservative Rex Sinquefield has donated $1 million dollars to Attorney Bev Randles, making it the largest political donation in Missouri history. 158 more words


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- The Government of Puducherry wants to purchase solar power of 30 MW capacity and has issued a notice for the same
- The tariff at which it will buy this power will be determined by the Joint Electricity Regulatory Commission (JERC)
- The duration of the PPA will be 25 years or lesser depending mutual negotiations
- Interested bidders can bid for at least 10 MW capacity and above latest by April 28, 2017
The Electricity Department of Puducherry in India has invited bids for 30 MW solar power capacity. The Government of Puducherry will buy the power from the facility for a pre-determined tariff that will be set by the Joint Electricity Regulatory Commission (JERC).
The power purchase agreement (PPA) will be effective for a period of 25 years. With mutual consent, duration of the PPA can be brought down as well. Notice of the Electricity Department reads, “Interested parties with past experience of having commissioned at least 5 MW Solar Power Plant in any state can apply. Preference will be given to companies who set up plants within UT (union territory) of Puducherry.”
Interested companies can quote for 10 MW and above. Any offer below 10 MW will not be considered. The last date to offer quotes is April 28, 2017.
The tender notice is available on the website of Electricity Department of Puducherry. In Puducherry, the Power Grid Corporation of India (PGCIL) will be installing 1 MWh utility energy storage capacity from ViZn Energy Systems Inc (see ViZn 1 MW Battery For India).


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The Festival of the Stone in Byron Bay is more than just a music festival; it's a transformative experience that leaves a lasting impact. This year's festival brought together a diverse community of music lovers, art enthusiasts, and free spirits from all corners of the globe. Set against the backdrop of Byron Bay's breathtaking scenery, the event celebrated the power of music, culture, and connection. Join us as we recount the incredible impact generated by this year's Festival of the Stone.
A Beacon of Hope for the Homeless
Amidst the pulsating beats and soul-stirring melodies, the Festival of the Stone also served a greater purpose. This year, the festival raised an impressive $21,500 in support of Fletcher Street Cottage and the vital community service work for Byron Bay's homeless and rough sleeping population. With over 1800 attendees, the festival became a catalyst for positive change, shining a light on the issue of homelessness and providing essential resources to those in need.
The Power of Music to Inspire
At the heart of the Festival of the Stone lies the undeniable power of music. The lineup featured both local legends and renowned artists, offering an eclectic mix of genres that resonated with the crowd's collective soul. Musicians like The Beautiful Girls, Crocodylus, Bullhorn, Billy Otto, Smokey Cake and Cheap Date electrified the main stage, while the Brewery became a pulsating dance floor under the DJ sets of Club Raiders DJS, Cashew, Dan Muz, Mase, and Reiflex. Through the universal language of music, the festival fostered joy, unity, and inspiration.
Cultivating a Strong Community
Beyond the music, the Festival of the Stone nurtured a sense of community and togetherness. The festival grounds buzzed with conversations, laughter, and genuine connections. Attendees, whether locals or visitors, found themselves immersed in a shared experience where barriers dissolved and friendships bloomed. The festival provided a safe space for self-expression and belonging, reminding everyone of the power of human connection.
Supporting Local Grassroots Organisations
The Festival of the Stone is not only a celebration but also a platform for social responsibility. Stone & Wood, the festival's organiser, proudly supports local grassroots organisations through its not-for-profit arm, the inGrained Foundation. By directing ticket, beer, and raffle sales towards Fletcher Street Cottage and other community initiatives, the festival created a direct and tangible impact on the lives of those in need. It served as a reminder of the importance of supporting local causes and working together for the betterment of the community.
The Festival of the Stone Byron Bay transcends the realm of a traditional music festival. It embodies the spirit of social responsibility, cultural celebration, and the transformative power of music. By raising funds for Fletcher Street Cottage and providing a platform for artists and attendees to come together, the festival exemplified the positive change that can be achieved through collective action. As the festival concluded, its impact will continue to ripple through the community, reminding us all of the potential for music, culture, and connection to create a better world.


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Food stalls introduced to the ‘graveyard’ end of Romford Market
- Credit: Archant
It has always been known as the graveyard of the market.
But now a new food court has been introduced to the top end of Romford Market in a bid to breath a new lease of life into the historic marketplace.
“It has always been quiet up here, said the council’s property strategy manager Gary Green, who was instrumental in introducing the new food court to the market.
“We have people who come into the market and then don’t bother coming all the way down and that is the big problem that we had.”
“We knew that we needed something vibrant and exciting, he said.
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You can’t get anything more vibrant than an array of delicious delights.
The new addition to the market boasts a range of food items from across the world, with stalls offering Indian, Caribbean and Cuban, Mexican, Lithuanian, Vietnamese and Singaporean delicacies.
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There is also a vegetarian stall for those non-meat eaters.
The food seems to speak for itself.
“I would give it a definite seven out of ten, said Daniel Jackson, 29 after finishing a plate of rice and peas with jerk chicken.
“I spotted the stall yesterday when I was leaving work and I just thought that I would give it a try.”
The Caribbean stall has probably generated the most interest since the new stalls were introduced to the market, something that stallholder Devron Baugh is proud of.
“We have had lots of customers and everyone that has eaten from us has said that the food is very good, he said.
“We are hoping to expand the business and this is a good starting point.”
Other highlights of the food court include a Thai stall run by Nyi Nyi Aung and a stall selling traditional Czech pastry treats called fugals.
The new food stalls couldn’t have come sooner for fellow trader Andrew Spiteri.
“I have been asking for this for years, said the 46-year-old.
“I have always said that we need more footfall at this end of the market, it is too early to say, but we have been busy on the weekends since the new food court was introduced.”
The market goes back more than 760 years when it originated as a sheep market.
It is still considered to be one of the largest street markets in the South East, but over recent years it has struggled to compete with high street shops and the traders have also been hit hard by the recession.
Cllr Robert Benham, cabinet member for community empowerment is hoping that the food stalls will boost the economy.
“It is about bringing new visitors into the market and Romford as a whole, he said.
“I also feel like we are helping these new traders to get more experience and who knows some of them might even go on to set up their own businesses and hopefully they will choose to stay in Havering.”


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The Shale Energy Bust Is Starting
OilPrice.org published a piece this week called “Warning Signs Flash For U.S. Shale” –
The shale tidal wave may finally be starting to ebb.
The largest oilfield services company in the world says that shale drilling activity is slowing, creating an uncertain outlook for 2019.
The recent volatility in oil prices has created “less visibility and more uncertainty” on spending by shale companies in 2019, Schlumberger’s CEO Paal Kibsgaard said on an earnings call on January 18. Shale drillers are “generally taking a more conservative approach to the start of the year, again delaying the broad based recovery in the E&P spend that we expected only three months ago,” he said.
Kibsgaard said that spending from the shale industry could be flat or down this year relative to 2018. That could translate into lower drilling activity, while E&Ps focus on drawing down the enormous backlog of drilled but uncompleted wells (DUCs). Companies working through DUCs could keep production aloft even as drilling slows, but output would likely fall relative to 2018, while decelerating further in 2020.
Schlumberger’s chief executive also warned that the shale industry could see other problems going forward that could be even more significant. Shale drilling suffers from a precipitous decline in output soon after a well is completed. After an initial burst in output, wells see a rapid decline in production. This is not news; it has characterized shale drilling for years.
I believe that the latest signs of the shale slowdown are the early signs of the shale bust that I warned about in November in a piece called “Why Oil’s Crash Will Cause A Shale Energy Bust.” In that piece, I wrote:
I am particularly worried about plunging oil prices because I believe that it is going to pop the shale energy bubble that I have been warning about for years.
Here’s what I wrote in Forbes in 2014:
I am also growing increasingly concerned that the U.S. shale energy boom is actually another post-2009 economic bubble (it would be a part of the commodities bubble). In a zero-percent interest rate environment like we are currently experiencing, any economic boom can devolve into a bubble. Shale energy extraction is a very capital-intensive business that relies heavily on cheap credit to survive. Shale oil wells experience much faster decline rates than conventional oil wells, which means that energy companies must keep drilling at a furious pace just to maintain their production – a very costly proposition that is typically funded by copious amounts of debt.
Here’s what I wrote in Forbes in September 2018, when I summarized the shale energy bubble:
U.S. shale energy boom/energy junk bonds: This boom/bubble is closely related to the corporate debt bubble discussed above. Extracting oil and gas from shale via fracking is extremely capital-intensive and would not be feasible in a normal interest rate environment. Thanks to the artificially low interest rate environment since the Great Recession, the shale energy industry’s net debt surged to $200 billion in 2015 – a 300% increase from 2005. Rising interest rates and the bursting of the corporate debt/junk bond bubble will cause a major bust in the shale energy industry.
The oil price plunge and overall rising interest rate environment is causing high yield or “junk” bonds to sink. The chart below shows that the HYG high yield corporate bond ETF recently broke below a key technical level known as a neckline, which is a signal that further bearish action is likely ahead (which means that junk bond yields will rise). I believe that this is yet another sign that the shale energy bubble is at risk of popping.
Fund manager Jeff Gundlach said that he expected that the Fed would raise rates “until something breaks.” There is a good chance that one of the first things that broke and continues to break is crude oil prices and the shale energy bubble. This has very serious implications because it is one of the most important drivers of economic activity and job creation in the U.S. since the Great Recession. Society is going to be taught the lesson that cheap credit and flooding the economy and financial system with liquidity leads to bubbles rather than sustainable economic booms.
I will continue watching and reporting as this situation unfolds…
Please sign up for our free weekly newsletter to learn how to navigate the investment world in these risky times.


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