Sailors from USS New Mexico Participate in Navy Week Albuquerque

first_img View post tag: in Sailors from USS New Mexico Participate in Navy Week Albuquerque View post tag: News by topic View post tag: Mexico Back to overview,Home naval-today Sailors from USS New Mexico Participate in Navy Week Albuquerque October 5, 2011 View post tag: week View post tag: Navy View post tag: Naval Training & Educationcenter_img Share this article View post tag: Albuquerque View post tag: from View post tag: New View post tag: sailors View post tag: USS View post tag: participate Three USS New Mexico (SSN 779) Sailors are participating in Albuquerque Navy Week, Oct. 2-9.Albuquerque Navy Week 2011, in conjunction with Albuquerque International Balloon Fiesta, gives area residents an opportunity to meet Sailors and learn about the Navy’s critical missions and its broad range of capabilities.During Albuquerque Navy Week Sailors will meet with New Mexico Gov. Susana Martinez; visit BB-40 ship’s bell and museum; attend a Navy birthday ball hosted by the Navy League New Mexico Council; and a host of other events.“Opportunities like these do not occur very often,” said Master Chief Machinist’s Mate (SS) Joaquin R. Arroyo III, one of the three Sailors in attendance. “The three-member crew from USS New Mexico is excited to be included in the Navy Week events and look forward to meeting members of the local community.”Arroyo added that these events are great avenues to create awareness for the Virginia-class fast-attack submarine.“We feel this is an opportunity to not only provide the community of Albuquerque the chance to meet the Sailors of the USS New Mexico, but also provides us an opportunity for us to be an ambassador of the U.S. Navy and USS New Mexico.”Dick Brown, chairman, USS New Mexico Commissioning Committee said there is a unique relationship the boat shares with the committee.“While New Mexico doesn’t reside near an ocean, we are very much a Navy state with three submarines [honoring our state],” said Brown. “The Sailors’ visit is a tribute to all New Mexicans who have served, and are serving, in our Armed Forces.”Two other submarines are named after cities in New Mexico USS Albuquerque (SSN 706) and USS Santa Fe (SSN 763). The Commissioning Committee is in their 11th year of support for USS New Mexico, even though the boat was commissioned last year.“While construction of ‘our’ sub did not start until March 2004, our pursuit of the name New Mexico started in Jan 2000. We’ve been going strong ever since,” said Brown.The Navy conducts approximately 20 Navy Weeks each year. During a Navy Week celebration, the Navy concentrates a variety of outreach events in a metropolitan area for one week, to share the Navy story with as many people as possible.[mappress]Source: navy, October 05, 2011last_img read more

The stock market goes off-road

first_imgGAZETTE: News reports have blamed everything from last Friday’s jobs report and Janet Yellen’s last day as Federal Reserve chair to spiking federal debt, wage gains, rising inflation, and reaction to political uncertainty. Are any of these factors?GReenwood: I would say the fact you hear so many stories suggests that there was no news driving this. If there was news driving something, at best it was the beginning of some type of investor-driving mini-crash rather than the news itself driving a correction in prices. Markets don’t send messages. Markets are voting machines with lots of different people in them.GAZETTE: Reactions seem somewhat mixed as to whether this drop is just a blip of bad news or something more serious. How do you view it?GReenwood: A lot of people have lost money, and losing money is never a good thing. The silver lining in this is that investors do need to be reminded once in a while that there is risk in investing in the market. And over the past few years, those reminders have been few and far between. Investing in the market is real risk. GAZETTE: Why did we have such extraordinary growth from 2009 to now?GReenwood: Part of it was the recovery from the financial crisis of 2008, and the other aspect is the extremely high profit margins in U.S. corporations. That’s not to say that justifies the prices being high, but it explains prices going up. And probably it seems like a distinction without a difference. What I mean is that the profit margins drove prices high — however, probably higher than they should be.GAZETTE: So what will you be watching for to see where this is ultimately going?GReenwood: I guess over the next few days I’m going to be interested in understanding what various investors have done during the correction — who was buying, who was selling, who was wiped out, who was liquidated — because I think that’ll tell us much more about what happened, among investors and classes of investors. For example, these inverse-volatility products, that’s one area. The other type of product that people are talking about are the so-called risk-parity strategies. These are strategies that try to maintain a constant level of risk, and so when the level of risk goes up in the markets, they tend to be sellers. It will be interesting to see whether that was true. So the task is really trying to understand, I guess you would say, the “reaction functions” of different market players in this kind of environment when you have this kind of shock.This interview has been edited for length and clarity. Kennedy School paper matches performance across sectors to Trump policy stances Related After years of robust growth so steady that it often seemed endless, U.S. financial markets suddenly have been buffeted by fierce headwinds. Both the Dow Jones industrial average and the Standard & Poor’s index plunged on Monday. Although they regained much of that ground Tuesday, it appears that new, unexplained financial pressures are in play.Analysts quickly attributed the sudden drop to everything from skittishness over rising wages to recent jobs numbers and fears of inflation, uncertainty over political turmoil in Washington to warning the new Federal Reserve chairman against raising interest rates quickly. In other words, as screenwriter William Goldman once said of Hollywood’s unpredictable trends, “Nobody knows anything.”Robin Greenwood, the George Gund Professor of Finance and Banking at Harvard Business School, studies behavioral and institutional finance, with a focus on macro market inefficiencies such as price bubbles. He spoke with the Gazette on Tuesday about market volatility and what he’ll be watching in the days ahead to understand better whether this is a short-term adjustment or a lasting shift.Q&ARobin GreenwoodGAZETTE: As someone who studies behavioral finance, what do you see when you look at market activity?GReenwood: Behavioral finance, unlike classical finance, starts with the presumption that to understand prices you need to understand investors’ behavior, both what they’re doing and what they believe. The things I’ve worked on have been investor expectations, measurement of bubbles, and things like that. We did some work on trying to predict the end of bubbles. As an example, bubbles aren’t just periods where prices have gone up a lot. They’re also periods with a lot of volatility, a lot of trading volume, measures of speculation, issuance, and so on. We were trying to capture those things and ask: “Can you use that other data beyond just the prices to forecast what’s going to happen?” We had some limited success in using that kind of data. What we were really interested in was trying to capture that psychology. The challenge is it’s hard to do so in a historical way because the data changes. And capturing the mindset in, say, 1929 … but doing so in a way that’s systematic, so that we’re saying the same thing in 1929 as in 1999, is pretty challenging when it comes to humanizing it. HBS students use winter break to test fresh ideas around the world center_img A closer look at the post-election stock rally GAZETTE: How would you characterize what’s going on in the stock market, and why doesn’t anyone seem to know for certain why it’s happening?GReenwood: One factor is that if you look at the overall pricing of the stock market today, it is very high. Whether you do that on a price-earnings basis or any kind of adjusted-price basis, you come to that conclusion. That means you worry that the long-term returns to people who buy into the stock market … are going to be low. That said, high prices aren’t actually a great predictor of quick and devastating crashes. If you look at periods where we’ve had these crashes — 1987, for example … or all sorts of events that we’ve had over the past couple of decades — they seem to happen whether or not the market has risen a lot or not.So I think of this as perhaps more of a freak event. That said, the freak events tend to happen much more than one would predict in the stock market. People often talk about “fat tails.” What they mean there is that they try to characterize how much the market could be up or down on a given day based on its historical volatility. “Fat tails” means those big days happen much more often than one would think just from looking at the ordinary days.GAZETTE: What do you think is driving this movement?GReenwood: As to the specific forces that drove [Monday], I don’t know. I’m sure we’re going to be trying to figure that out. One of the things that was very unusual going into Monday was the period of incredibly low volatility. Prices just hadn’t been moving around very much. And when volatility is low, investors tend to borrow more, so they take on leverage. So I think it’s likely that we were in a more fragile market environment than we’ve been in in a long time, and that’s in large part because of investor behavior. One of the big pieces of news today is there are these inverse-volatility funds. These are funds that are betting on volatility continuing to be low. A number of them were completely wiped yesterday [Monday], gone to zero. That never happens.I would say that prices are incredibly high. They are not approaching the bubble-like territory that we were in in tech stocks in 1999. But, that said, prices are incredibly high. Whether there’s a further correction or not, we don’t know. Some of the behavioral indicators in 1999 you just don’t see today. My forecast for the stock market is not very positive, but I don’t know that I have anything to say about the next few weeks. “I think of this as perhaps more of a freak event. That said, the freak events tend to happen much more than one would predict in the stock market. “ — Robin Greenwood Market reactionlast_img read more

Weekly unemployment claims increase for second week

first_imgThere were 882 new regular benefit claims for Unemployment Insurance last week. This is an increase of 130 from the week before, as new claims increased again following a decline in the aftermath of  Tropical Storm Irene. In looking at the table below, you will see that the summer’s historically low claims came to an abrupt end with the storm. While the numbers are considerably lower than the Irene spike numbers, they have been, for the last couple of weeks, nearly double the initial claims observed in July and August. Altogether 5,946 new and continuing claims were filed, an increase of 50 from a week ago, but 2,112 fewer than a year ago. The Department also processed 1,494 First Tier claims for benefits under Emergency Unemployment Compensation, 2008 (EUC08), 66 more than a week ago. In addition, there were 701 Second Tier claims for benefits processed under the EUC08 program, which is 12 more than the week before. The Unemployment Weekly Report can be found at: is external). Previously released Unemployment Weekly Reports and other UI reports can be found at: is external)  Vermont’s unemployment rate fell one-tenth in September to 5.8 percent. See story HERE.    See Table and graphs below weekly data.Vermont Labor Force StatisticsSeasonally Adjusted Change to         September 2011 from    September  2011 August  2011 September  2010 August  2011 September  2010 center_img Total Labor Force362,100359,800360,1002,3002,000  Employment340,900338,800338,8002,1002,100  Unemployment21,10021,10021,3000-200  Rate5.8%5.9%5.9%-0.1-0.1last_img read more

Boys lacrosse Warriors, Northstars fall to F-M

first_imgBut at the worst possible time, Liverpool hit a drought, blanked in the third quarter as the Hornets grabbed a 6-4 lead. And the visitors would hang on, even though the Warriors shut them out in the final period.Much of the production came from Ryan McGowan, who had three goals, and Kyle Caves, who had a goal and three assists. Brendan Mancuso had the other goal, with Jacob Fahey and Jake Piseno getting assists.Liam O’Neil had 14 saves, the same number as F-M’s goalie duo of Ben Hammond and Jack Van Valkenburgh. Jack Shanley and K.C. Miller led the Hornets with two goals apiece. That same night, C-NS would face Baldwinsville at Bragman Stadium, and get overwhelmed from the outset as it lost 21-5 to the Bees.Anthony Cimino was the lone Northstars player to score twice. Single goals went to Matt Cramer, Conner Lynch and Justin Griffith, with Josh Pickard adding an assist. Joe Bartolo and Austin O’Hara combined to make nine saves.After a pair of good performances that did not translate into wins on the field, Liverpool did prevail 18-12 over Syracuse on Thursday night, outscoring the Cougars 11-1 over the course of the second and third quarters to establish a 15-4 advantage.Despite some late struggles, the Warriors still won by a comfortable margin as McGowan got six assists and Caves added five assists, part of a well-balanced attack where only Aaron Clouthier netted three goals.Caves, Devin Dewane, Jacob Fahey and Matt Jerman each had two goals, Dewane adding two assists. McGowan joined Piseno, Mancuso and Cade Clouthier in netting single goals. Ryan Eccles led Syracuse with four goals and two assists.On Friday night, C-NS met Fayetteville-Manlius, who by defeating the Northstars 19-5 clinched the SCAC Metro division regular-season title, the Hornets’ 7-1 league mark just ahead of Baldwinsville’s 6-2.Four unanswered goals in the second quarter put F-M further in control after it bolted out 6-2 in the opening period, with seven different Hornets earning multiple goals, led by Jack Shanley (four goals, one assist) and Mike Howe (three goals one assist).Pickard did find the net twice for C-NS, while Griffith, Cramer and Jason Meigs had one goal apiece. Cimino added two assists as Bartolo and O’Hara made 13 combined saves.With the loss, the Northstars fell to 5-9, still with games left early this week against Binghamton and Central Square as Liverpool (9-6) hosts West Genesee Tuesday, right before the Section III Class A playoff brackets would be revealed.Share this:FacebookTwitterLinkedInRedditComment on this Story Even though they both will find themselves part of the Section III Class A playoffs, the boys lacrosse teams at Liverpool and Cicero-North Syracuse will go there as challengers, knowing something special is needed for a championship.For Liverpool, the path is not as steep, as it demonstrated again in last Tuesday’s game against visiting Fayetteville-Manlius, where tremendous defense was not quite enough to turn back the Hornets in a 6-5 defeat.Neither side would produce much for long stretches of the game. For a while, this played to the Warriors’ advantage, for it was able to inch out in front, 4-3, by halftime against an F-M side it lost to 13-10 in April.center_img Tags: boys lacrosseC-NSliverpoollast_img read more