Sunday, August 7, 2016

The Ledecky Page -- Just One Item -- August 7, 2016

Ledecky wins the gold in world record time

And Ledecky smashes her own world record. GB’s Jazz Carlin gets silver, USAs Smith has bronze. The victory was in doubt for about 0.0004 seconds - the first 0.0004 seconds. An amazing swim from an amazing champion.

From this site.





This is from 2015. The women do not swim the 1500 meter in the Olympics. When you watch this video you see why they did not add it in 2016 either:


Production Data For Two Wells Coming Off Confidential Over Weekend, Monday, To Be Posted -- August 7, 2016

Monday, August 8, 2016
32306, SI/NC, XTO, Lund 41X-17D, Siverston, no production data,

Sunday, August 7, 2016
None.

Saturday, August 6, 2016
32307, SI/NC, XTO, Lund 41X-17HXE, Siverston, no production data,

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The Pause That Refreshes

Updates

Later, 9:21 p.m. Central Time: a reader provided a nice summary of this past week with regard to the climate. This is the home page for SEPP.

Original Post
 
The pause in "global warming" has now been stretched back to 1998.

Meanwhile, four legitimate peer-reviewed scientific articles have concluded there has been no evidence of any rise in sea levels, anywhere, due to manmade global warming.

There are four new "legitimate" peer-reviewed scientific articles that show there is no "human hand" behind any rise in sea levels. Any rise in sea levels can be explained by natural phenomenon, not due to humans.

Scientists who have recently attempted to detect an anthropogenic signal in regional sea level rise trends have had to admit that there is “no observable sea-level effect of anthropogenic global warming,” or that the “sea level rise pattern does not correspond to externally forced anthropogenic sea level signal,” and that sea level “trends are still within the range of long-term internal decadal variability.” 
  • First study: Hansen et al., 2016, Five individual oscillations caused by the lunar nodal oscillation -- no evidence of human cause.
  • Second study: Palanisamy, 2016. Any sea level spatial trend pattern in the tropical Pacific can be explained by the wind driven vertical thermocline movement.
  • Third study: Hadi Bordbar et al., 2016. Again, the changes in the tropical Pacific are attributed to unprecedented strengthening of the Trade Winds; not related to human activity.
  • Fourth study: Dangendorf et al., 2016. The authors suggest that there is an element of anthropogenic climate change, a fraction of the 20th century sea level rise represents a response to pre-industrial natural climate variations such as the Little Ice Age.

Tesla: $40 Car Washes While Standing Around Waiting For Car To Charge; ObamaCare: Insuring Only Those Who Are Already Sick -- WSJ Op-Ed -- August 7, 2016

Note: this is not an investment site. Do not make any investment, financial, travel, job, or relationship decisions based on what you read here. If this information is important to you, go to the source. I post this to help me put the Bakken in perspective.

Tesla: adding insult to injury. Okay, so you've just plunked down $70, 000 and have just received your new Tesla. You can charge for free, but it's going to cost you $40 to get the car washed. 
Tesla is trying to take away the one drawback of the Supercharger system: standing around doing nothing for more than 30 minutes or so while your car gets a charge, and longer if there is line.
Surprisingly, Supercharger stations don’t even provide a simple squeegee and water for windshield washing. If you ever see a Tesla parked at a gas station, it’s safe to assume it’s there to clean it’s windshield.
Tesla Motors Inc is currently experimenting the service at its supercharger station at the Fremont Factory, and if the reviews come out to be good, the service shall be launched soon at the other stations too.
The wash system could be subscription service in itself with costs being $80 a month for the Model S and $90 for the Model X. Ideally, the costs for the Model 3 would be somewhat less expensive.
As of now, there has been no comment from the EV firm on the matter.The decision solely rests upon Tesla Motors Inc whether or not to proceed with the project, but the fact is, it is still a great deal of cash to pay for some efficiency at the charging station. For owners, who do not want to spend this much, and still want to kill their time could simply bring a work tablet, or a collection of their favorite shows.
Warren Buffett/BRK. From 24/7 Wall Street: major changes in Warren Buffeet holdings as Berkshire announces earnings.  In the first dozen or so listings, I saw hardly any changes despite the headline.
  • Goldman Group, 11 million shares vs 12.6 million share at the end of 2015
  • Graham Holdings, remains a very tiny stake in what remains of the Washington Post breakup
  • AMEX: the same 151.6 million shares
  • Apple: listed as a new position with almost 10 million shares (see updated report just one week later; now Apple is said to be up to 15 million shares)
  • Coca-Cola: same stake of 400 million shares
  • IBM: again a larger stake, averaging his cost basis lower; 81 million shares
  • Wells Fargo & Co: same stake of 480 million shares
  • Kraft Heinz: no change; 326 million shares
  • Phillips 66: the same 76 million shares
  • ATT: no longer listed as a stake; has been diminishing of late; tied to a stake in DirecTV
  • Kinder Morgan Inc: same stake of 27 million shares
  • Axalta Coating System: same stake of 23 million shares
  • Bank of New York Mellow (big whoop): declines slightly from 25 million shares to 20 million shares
  • Charter Communications: slightly larger at 10.326 million shares vs 10.281 million shares
... and so it went. I didn't see much new despite the headline. Having said that, there were a few interesting tidbits. Buffett has some of the same problematic decisions the rest of us have -- except involving somewhat larger sums of money.

Insider buying jumps. Also from 24/7 Wall Street, but no link. After the last story from 24/7 Wall Street, hardly seems worth the time to go to the article. Here's the headline: insider buying jumps at COP, Bank of America, Boeing.

WMT vs Amazon: from Business Insider --"everyone is underestimating Walmart's ability to crush Amazon." Actually, I think there's enough to go around for everyone. I doubt Jeff Bezos is concerned.

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Must Be A Really, Really Slow News Day

This tells me more about the size of China than about the likelihood of this contraption ever becoming mainstream. 

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The Death Spiral

Updates

Monday, August 8, 2016: close to home. SayAnythingBlog is reporting -- 
Obamacare Costing Hundreds of UND Graduate Students Their Health Insurance Next Week--
Hundreds of graduate students are losing coverage provided by the University of North Dakota, and Obamacare is most certainly the culprit.
The university first announced the change back in May. “As you may know, due to provisions in the Affordable Care Act, the university is no longer allowed to pay for graduate assistant health insurance. Instead, graduate assistants are required to obtain their own health insurance,” the university announced in an online posting.
The cut off date for his plan is August 15, 2016.

347 graduate students were covered by Graduate Health Insurance during spring semester 2016.
He added that the university had not reduced or eliminated insurance coverage in any other area due to Obamacare, and that UND signed a memorandum of understanding with Altru Health System allowing them to help students find new coverage.
Original Post
 
It will be interesting how/if/when Hillary Clinton runs ads on ObamaCare. What made me think of that is the increasing number of stories coming out about ObamaCare right now. I predicted that we would see that crescendo as we move into premium-setting season (August - September - October) and then open season starting in November. The dates may be off but probably not by much. Be that as it may, what I did not expect what mainstream and well-respected media outlets to start referring to the ObamaCare challenges as "a death spiral."

When I saw that in an op-ed in The Wall Street Journal overnight several hours ago, it caught my attention, but to see this headline from Mark Perry, posted one hour ago, really stunned me:
"quotation of the day on the ObamaCare death spiral." Oh, now I see it. Mark Perry is linking the same WSJ op-ed I noted:
It’s hard to exaggerate the alchemy of distortions that are turning ObamaCare into such a pending disaster that big insurers like Aetna, Anthem, Humana and UnitedHealth Group, once supporters, can’t cut back their participation fast enough.
ObamaCare was always going to be a questionable deal for taxpayers if the only people who signed up were poorer people whose premiums were largely paid by taxpayers. That was fine as far as insurers were concerned. They can make a profit even if taxpayers are the only ones paying.
For insurers, the problem lies elsewhere: ObamaCare policies have proved so unattractive that even customers eligible for subsidies are turning away unless they also happen to be seriously or chronically ill. That’s because deductibles and copays keep going up with each successive renewal period. For a family of four on a bronze plan, the deductible is now above $11,000. This is the equivalent, in the case of routine illness or injury, of not being insured at all.
And the problem only gets worse as insurers, to stem their losses, keep hiking premiums, copays and deductibles. With each turn of the wheel, ObamaCare becomes an insurance program that appeals only to those who already know they face large health-care costs.
Not only is Hillary going to have to promise free college to all Americans but she is also going to have to promise free health care to all.

Of course, the bigger question is whether 50 years from now, we will call it ObamaCare, HillaryCare, or National Health Service. We don't call "social security" some name related to FDR.

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Sunday Reading

I'm back to reading again The Portrait of a Lady, Henry James, the 2007 Signet Classic edition. I wrote about this some years ago. 

Saturday, August 6, 2016

Olympics: American Sniper. Wow, This Doesn't Fit The Washington, DC, Story Line -- August 6, 2016

First Olympic gold medal.

Goes to the US.

Goes to a woman.

Goes to a teen-ager.

Gun.

Gold medal.

Link here.

Beats out the top two Chinese shooters and the top Russian shooter in a field of eight. Questionable whether she would even medal.

Remember that name. It's an easy one to remember: Virginia Thrasher.

American Sniper.


The comments at the story are quite interesting.

The interesting story line not talked about: just to get to the final eight, she had to beat a lot of Olympic competitors. Just to make the US team, she had to beat a gazillion US competitors.

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The Weber Page

The Weber Mobile Grill arrives at Sturgis.



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It's A Wonderful Life

Some days, or perhaps more precisely, some moments can never be more perfect. For me, most of those perfect moments occurred in Yorkshire, along the Scottish border, some years ago. 

I am having one of those perfect moments now. I sat down to my usual Saturday lunch: four pieces of pickled herring in wine sauce, and 3/4 ounce of a great Scotch. The particular Scotch hardly matters; I can enjoy them all, although it may take me a few minutes to renew my acquaintance with Laphroaig.

I sat down at our incredibly nice new dinner table (another story for another time), took a bite (or a bit) of herring and a sip of Scotch.

I then went back to the "Review" section of today's Wall Street Journal. Nirvana. Page C5: a book review of Landmarks, Robert Macfarlane, c. 2016, 434 pages, $18. The review was about a third of the entire page, and was all about "landforms" and words and descriptions of the Scottish highlands. There was a picture of the immensity of Scotland, and it easily could have been me several years ago, although my hiking attire would have been different.

The words I love to hear were repeated in the review: heather, moor, bog, hag, crag, loch, and lochan. And that was just in the first few paragraphs.

But there is more. Here is the link.  Note the writer of the review: Tom Shippey. I missed that the first time. I don't know when I noticed the name, but when I did, I said, "wow, that name looks familiar." No wonder. Tom Shippey is the author of one of my favorite books: J.R. R. Tolkien: Author of the Century.

Scotch, pickled herring in white wine sauce, and memories of Scotland -- some moments can never be more perfect.

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Salmon Dinner

Bakken Economy: Updates On Two Hospitals -- Watford City, Minot; Other Projects In The Bakken Area-- August 6, 2016

From The Williston Wire.

Minot:  a new $250 million medical park for Trinity Health.
Crews in Minot are continuing site work for the $250 million medical park for Trinity Health, taking advantage of dry weather to ensure the campus is built on a solid foundation. Dave Kohlman, vice president of facilities, said in a statement that contractors have been busy conducting soil tests that will assist engineers in planning the new construction. Initial groundwork should begin in the Fall, with serious digging and concrete work beginning in mid-2017. The 76-acre site southwest of the Minot Family YMCA will be home to the new medical park, which will fulfill a strategic goal of Trinity Health to design a more modernized regional care system.
Watford City: a new $75 million health care facility.
Construction on the long-awaited new health care facility in Watford City is getting underway. According to Dan Kelly, McKenzie County Healthcare Systems, Inc. CEO, the ground breaking for the $75.4 million complex was given the green light when they received approval from the  United States Department of Agriculture (USDA) for a $58 million loan for the project.
Other projects in the area.

Minot: $30 million ag processing expansion.
AGT Food and Ingredients celebrated its ribbon-cutting ceremony in Minot Friday. The agricultural processing company, which has grown to become one of the world's largest suppliers of value-added pulses, celebrated a recent expansion at its facility in Minot's ag park. AGT and Minot Area Chamber of Commerce Ambassadors cut the ribbon on a $30 million expansion. The 33,000-square-foot addition gives AGT the capability to increase from three processing lines to six lines, creating as many as 20 additional jobs and bringing total employment to 100.
Crosby: a $1.1 million daycare facility.
The new Crosby Kids Daycare facility is starting to take shape. The daycare committee purchased a pre-cast $1.1 million, 72,000 square foot steel building to serve 90 children, as opposed to the current site's 30-40.