Spending by outside groups may help determine the re-election chances of incumbent Republican Sen. Lisa Murkowski who�s battling for her political life in the nation�s Last Frontier.
With Murkowski, the perceived front-runner in Alaska�s U.S. Senate race, not even on the ballot, it�s close to chaos for pollsters. But that hasn�t stopped outside groups from making significant investments in a state with cheap media markets.
All told, outside groups trying to influence the state�s general election have spent $2.4 million and counting on independent expenditures, such as TV ads, mailers, phone banks or canvassers that explicitly advocate for or against a federal candidate that are not coordinated with any candidate�s campaign, according to a Center for Responsive Politics analysis.
That�s on top of $573,300 that was spent during August's GOP primary, in which Murkowski lost to attorney Joe Miller, a favorite of the Tea Party and her nemesis, former Republican Gov. Sarah Palin. Nevertheless, Murkowski continued on as a write-in candidate, trying to become the first politician in more than 50 years to win a Senate seat via a write-in candidacy. (Strom Thurmond of South Carolina was the last, in 1954.)
The National Republican Senatorial Committee, which endorsed Miller after Murkowski�s defeat, spent more than $311,900 touting Miller last week alone.
The national party committee has also spent another $91,000 and counting attacking Democratic U.S. Senate candidate Scott McAdams, the current mayor of Sitka.
In Murkowski�s corner, a new �super PAC� called Alaskans Standing Together has spent $1.26 million on independent expenditures aiding Murkowski.
As a �Super PAC,� officially known as an independent expenditure-only committee, Alaskans Standing Together can raise unlimited amounts of money from individuals and corporations for political advertisements and other expenses -- so long as it doesn�t contribute that cash directly to any politician. And Alaskans Standing Together�s contributions have come exclusively from corporations -- Alaska Native corporations, as the Sunlight Foundation recently reported.
Another new group, American Action Network, has also spent money on Murkowski�s behalf.
American Action Network is a 501(c)4 nonprofit group organized under U.S. tax code as a social welfare organization. It is headed by former Sen. Norm Coleman (R-Minn.), who narrowly lost a re-election bid to Democrat Al Franken in 2008.
American Action Network shares office space with American Crossroads and Crossroads Grassroots Policy Strategies, the conservative, big-spending outfits heavily promoted by Republican operatives Karl Rove and Ed Gillespie.
Neither American Crossroads nor Crossroads GPS has yet spent money in the Alaskan Senate race, one of only a handful of high-profile Senate races where the groups have yet to invest, as OpenSecrets Blog previously reported.
American Action Network, meanwhile, has spent $20,000 in support of Murkowski.
During the course of the primary and general elections so far, groups spent $1.36 million supporting Murkowski in outside messages, the Center�s research indicates.
Political committees, meanwhile, have spent $1.56 million supporting Miller during his primary and general election bids, the Center�s research indicates.
In addition to the political action committee of the Tea Party Express, which helped deliver Miller�s unexpected victory, other conservative groups backing Miller with independent expenditures include the National Right to Life Committee, the Susan B. Anthony List, the Family Research Council, South Carolina Republican Sen. Jim DeMint's leadership PAC, the Club for Growth and the Club for Growth�s new �super PAC.�
The only spending targeting McAdams so far has been the $91,000 from the NRSC. No liberal groups have yet to report independent expenditures on his behalf.
Not even the Democratic Senatorial Campaign Committee has reported independent expenditures in Alaska. Instead, the group has during the past two weeks pumped money into Senate contests in Illinois, Connecticut, Nevada, West Virginia, Washington, Colorado, Pennsylvania and Kentucky.
Facebook has one of the largest deployments of the open source database MySQL, and the techies responsible for the care and feeding of this installment will divulge some of their secrets tomorrow night at company headquarters. If you can’t make it down to the event in Palo Alto, you can watch a live webcast of it on Facebook Live.
The database houses essential information about the more than 500 million people who have accounts on the social network. With about half of the members logging on daily, the system is incredibly busy — understatement! So it’s hardly a surprise that Facebook has three different teams of techies caring for the SQL installation: operations, performance and engineering groups, to be exact.
The level of service that Facebook demands from this database calls for special tweaks. The social network has its own patch for MySQL and engineering team continues to upgrade this software. The evolution of this development will be part of the presentation tomorrow night.
Most open-source software comes in a free version, with more advanced ones costing money. MySQL has three levels of paid subscriptions, and the most advanced one prices at $10,000 a year for one to four sockets. The most advanced one boasts the kinds of features that Facebook needs:
Whether you’re racing to introduce a new service, or trying to manage an avalanche of data in real time, your database has to be scalable, fast and highly available to meet ever-changing market conditions and stringent Service Level Agreements (SLAs).
MySQL Cluster is the industry’s only real-time transactional relational database combining 99.999% availability with the low Total Cost of Ownership (TCO) of open source. It features a “shared-nothing” distributed architecture with no single point of failure to assure high availability and performance, allowing you to meet your most demanding mission-critical application requirements.
MySQL Cluster’s real-time design delivers predictable, millisecond response times with the ability to service tens of thousands of transactions per second. Support for in-memory and disk based data, automatic data partitioning with load balancing and the ability to add nodes to a running cluster with zero downtime allows linear database scalability to handle the most unpredictable workloads.
MySQL Cluster delivers carrier-grade availability and performance, with the flexibility of open source software
MySQL Cluster eliminates the need for expensive shared storage, and runs on a range of commodity platforms, making it the most open and cost-effective database solution for mission critical applications.
The discussion of Facebook’s database deployment seems like the a brilliant response to news of the minor dip in Facebook’s availability rate this past quarter. The timing of the presentation couldn’t be better: this social network has a lot more demand put on it than much of the competition, and what better way is there to make the point than to lift up the hood?
eric seiger
<b>News</b> on Feliciano and Upton at GM Meetings - Pinstripe Alley
News on Feliciano and Upton at GM Meetings. ... News on Feliciano and Upton at GM Meetings. Mo_rivera_tiny by Travis G on Nov 16, 2010 1:09 PM EST in News � Tweet � 1 comment; Story-email Email; Printer Print ...
Fox <b>News</b> Turns Obama's Kid Book Into Anti-American War Epic
When news aggregation goes wrong: Fox News republished a USA Today article called "Obama Shares Dreams for His Kids in Book About 13 Americans." Fox News' headline? "Obama Praises Indian Chief Who Killed US General."
Olympus launches enhanced kit lens on Japan-only E-PL1s: Digital <b>...</b>
Olympus launches enhanced kit lens on Japan-only E-PL1s: Olympus has announced the Japan-only E-PL1s and, more significantly, the M.Zuiko Digital 14-42mm II 1:3.5-5.6 kit lens. The camera is a slightly tweaked version of the existing ...
eric seiger
Spending by outside groups may help determine the re-election chances of incumbent Republican Sen. Lisa Murkowski who�s battling for her political life in the nation�s Last Frontier.
With Murkowski, the perceived front-runner in Alaska�s U.S. Senate race, not even on the ballot, it�s close to chaos for pollsters. But that hasn�t stopped outside groups from making significant investments in a state with cheap media markets.
All told, outside groups trying to influence the state�s general election have spent $2.4 million and counting on independent expenditures, such as TV ads, mailers, phone banks or canvassers that explicitly advocate for or against a federal candidate that are not coordinated with any candidate�s campaign, according to a Center for Responsive Politics analysis.
That�s on top of $573,300 that was spent during August's GOP primary, in which Murkowski lost to attorney Joe Miller, a favorite of the Tea Party and her nemesis, former Republican Gov. Sarah Palin. Nevertheless, Murkowski continued on as a write-in candidate, trying to become the first politician in more than 50 years to win a Senate seat via a write-in candidacy. (Strom Thurmond of South Carolina was the last, in 1954.)
The National Republican Senatorial Committee, which endorsed Miller after Murkowski�s defeat, spent more than $311,900 touting Miller last week alone.
The national party committee has also spent another $91,000 and counting attacking Democratic U.S. Senate candidate Scott McAdams, the current mayor of Sitka.
In Murkowski�s corner, a new �super PAC� called Alaskans Standing Together has spent $1.26 million on independent expenditures aiding Murkowski.
As a �Super PAC,� officially known as an independent expenditure-only committee, Alaskans Standing Together can raise unlimited amounts of money from individuals and corporations for political advertisements and other expenses -- so long as it doesn�t contribute that cash directly to any politician. And Alaskans Standing Together�s contributions have come exclusively from corporations -- Alaska Native corporations, as the Sunlight Foundation recently reported.
Another new group, American Action Network, has also spent money on Murkowski�s behalf.
American Action Network is a 501(c)4 nonprofit group organized under U.S. tax code as a social welfare organization. It is headed by former Sen. Norm Coleman (R-Minn.), who narrowly lost a re-election bid to Democrat Al Franken in 2008.
American Action Network shares office space with American Crossroads and Crossroads Grassroots Policy Strategies, the conservative, big-spending outfits heavily promoted by Republican operatives Karl Rove and Ed Gillespie.
Neither American Crossroads nor Crossroads GPS has yet spent money in the Alaskan Senate race, one of only a handful of high-profile Senate races where the groups have yet to invest, as OpenSecrets Blog previously reported.
American Action Network, meanwhile, has spent $20,000 in support of Murkowski.
During the course of the primary and general elections so far, groups spent $1.36 million supporting Murkowski in outside messages, the Center�s research indicates.
Political committees, meanwhile, have spent $1.56 million supporting Miller during his primary and general election bids, the Center�s research indicates.
In addition to the political action committee of the Tea Party Express, which helped deliver Miller�s unexpected victory, other conservative groups backing Miller with independent expenditures include the National Right to Life Committee, the Susan B. Anthony List, the Family Research Council, South Carolina Republican Sen. Jim DeMint's leadership PAC, the Club for Growth and the Club for Growth�s new �super PAC.�
The only spending targeting McAdams so far has been the $91,000 from the NRSC. No liberal groups have yet to report independent expenditures on his behalf.
Not even the Democratic Senatorial Campaign Committee has reported independent expenditures in Alaska. Instead, the group has during the past two weeks pumped money into Senate contests in Illinois, Connecticut, Nevada, West Virginia, Washington, Colorado, Pennsylvania and Kentucky.
Facebook has one of the largest deployments of the open source database MySQL, and the techies responsible for the care and feeding of this installment will divulge some of their secrets tomorrow night at company headquarters. If you can’t make it down to the event in Palo Alto, you can watch a live webcast of it on Facebook Live.
The database houses essential information about the more than 500 million people who have accounts on the social network. With about half of the members logging on daily, the system is incredibly busy — understatement! So it’s hardly a surprise that Facebook has three different teams of techies caring for the SQL installation: operations, performance and engineering groups, to be exact.
The level of service that Facebook demands from this database calls for special tweaks. The social network has its own patch for MySQL and engineering team continues to upgrade this software. The evolution of this development will be part of the presentation tomorrow night.
Most open-source software comes in a free version, with more advanced ones costing money. MySQL has three levels of paid subscriptions, and the most advanced one prices at $10,000 a year for one to four sockets. The most advanced one boasts the kinds of features that Facebook needs:
Whether you’re racing to introduce a new service, or trying to manage an avalanche of data in real time, your database has to be scalable, fast and highly available to meet ever-changing market conditions and stringent Service Level Agreements (SLAs).
MySQL Cluster is the industry’s only real-time transactional relational database combining 99.999% availability with the low Total Cost of Ownership (TCO) of open source. It features a “shared-nothing” distributed architecture with no single point of failure to assure high availability and performance, allowing you to meet your most demanding mission-critical application requirements.
MySQL Cluster’s real-time design delivers predictable, millisecond response times with the ability to service tens of thousands of transactions per second. Support for in-memory and disk based data, automatic data partitioning with load balancing and the ability to add nodes to a running cluster with zero downtime allows linear database scalability to handle the most unpredictable workloads.
MySQL Cluster delivers carrier-grade availability and performance, with the flexibility of open source software
MySQL Cluster eliminates the need for expensive shared storage, and runs on a range of commodity platforms, making it the most open and cost-effective database solution for mission critical applications.
The discussion of Facebook’s database deployment seems like the a brilliant response to news of the minor dip in Facebook’s availability rate this past quarter. The timing of the presentation couldn’t be better: this social network has a lot more demand put on it than much of the competition, and what better way is there to make the point than to lift up the hood?
eric seiger
<b>News</b> on Feliciano and Upton at GM Meetings - Pinstripe Alley
News on Feliciano and Upton at GM Meetings. ... News on Feliciano and Upton at GM Meetings. Mo_rivera_tiny by Travis G on Nov 16, 2010 1:09 PM EST in News � Tweet � 1 comment; Story-email Email; Printer Print ...
Fox <b>News</b> Turns Obama's Kid Book Into Anti-American War Epic
When news aggregation goes wrong: Fox News republished a USA Today article called "Obama Shares Dreams for His Kids in Book About 13 Americans." Fox News' headline? "Obama Praises Indian Chief Who Killed US General."
Olympus launches enhanced kit lens on Japan-only E-PL1s: Digital <b>...</b>
Olympus launches enhanced kit lens on Japan-only E-PL1s: Olympus has announced the Japan-only E-PL1s and, more significantly, the M.Zuiko Digital 14-42mm II 1:3.5-5.6 kit lens. The camera is a slightly tweaked version of the existing ...
eric seiger
eric seiger
eric seiger
<b>News</b> on Feliciano and Upton at GM Meetings - Pinstripe Alley
News on Feliciano and Upton at GM Meetings. ... News on Feliciano and Upton at GM Meetings. Mo_rivera_tiny by Travis G on Nov 16, 2010 1:09 PM EST in News � Tweet � 1 comment; Story-email Email; Printer Print ...
Fox <b>News</b> Turns Obama's Kid Book Into Anti-American War Epic
When news aggregation goes wrong: Fox News republished a USA Today article called "Obama Shares Dreams for His Kids in Book About 13 Americans." Fox News' headline? "Obama Praises Indian Chief Who Killed US General."
Olympus launches enhanced kit lens on Japan-only E-PL1s: Digital <b>...</b>
Olympus launches enhanced kit lens on Japan-only E-PL1s: Olympus has announced the Japan-only E-PL1s and, more significantly, the M.Zuiko Digital 14-42mm II 1:3.5-5.6 kit lens. The camera is a slightly tweaked version of the existing ...
eric seiger
Spending by outside groups may help determine the re-election chances of incumbent Republican Sen. Lisa Murkowski who�s battling for her political life in the nation�s Last Frontier.
With Murkowski, the perceived front-runner in Alaska�s U.S. Senate race, not even on the ballot, it�s close to chaos for pollsters. But that hasn�t stopped outside groups from making significant investments in a state with cheap media markets.
All told, outside groups trying to influence the state�s general election have spent $2.4 million and counting on independent expenditures, such as TV ads, mailers, phone banks or canvassers that explicitly advocate for or against a federal candidate that are not coordinated with any candidate�s campaign, according to a Center for Responsive Politics analysis.
That�s on top of $573,300 that was spent during August's GOP primary, in which Murkowski lost to attorney Joe Miller, a favorite of the Tea Party and her nemesis, former Republican Gov. Sarah Palin. Nevertheless, Murkowski continued on as a write-in candidate, trying to become the first politician in more than 50 years to win a Senate seat via a write-in candidacy. (Strom Thurmond of South Carolina was the last, in 1954.)
The National Republican Senatorial Committee, which endorsed Miller after Murkowski�s defeat, spent more than $311,900 touting Miller last week alone.
The national party committee has also spent another $91,000 and counting attacking Democratic U.S. Senate candidate Scott McAdams, the current mayor of Sitka.
In Murkowski�s corner, a new �super PAC� called Alaskans Standing Together has spent $1.26 million on independent expenditures aiding Murkowski.
As a �Super PAC,� officially known as an independent expenditure-only committee, Alaskans Standing Together can raise unlimited amounts of money from individuals and corporations for political advertisements and other expenses -- so long as it doesn�t contribute that cash directly to any politician. And Alaskans Standing Together�s contributions have come exclusively from corporations -- Alaska Native corporations, as the Sunlight Foundation recently reported.
Another new group, American Action Network, has also spent money on Murkowski�s behalf.
American Action Network is a 501(c)4 nonprofit group organized under U.S. tax code as a social welfare organization. It is headed by former Sen. Norm Coleman (R-Minn.), who narrowly lost a re-election bid to Democrat Al Franken in 2008.
American Action Network shares office space with American Crossroads and Crossroads Grassroots Policy Strategies, the conservative, big-spending outfits heavily promoted by Republican operatives Karl Rove and Ed Gillespie.
Neither American Crossroads nor Crossroads GPS has yet spent money in the Alaskan Senate race, one of only a handful of high-profile Senate races where the groups have yet to invest, as OpenSecrets Blog previously reported.
American Action Network, meanwhile, has spent $20,000 in support of Murkowski.
During the course of the primary and general elections so far, groups spent $1.36 million supporting Murkowski in outside messages, the Center�s research indicates.
Political committees, meanwhile, have spent $1.56 million supporting Miller during his primary and general election bids, the Center�s research indicates.
In addition to the political action committee of the Tea Party Express, which helped deliver Miller�s unexpected victory, other conservative groups backing Miller with independent expenditures include the National Right to Life Committee, the Susan B. Anthony List, the Family Research Council, South Carolina Republican Sen. Jim DeMint's leadership PAC, the Club for Growth and the Club for Growth�s new �super PAC.�
The only spending targeting McAdams so far has been the $91,000 from the NRSC. No liberal groups have yet to report independent expenditures on his behalf.
Not even the Democratic Senatorial Campaign Committee has reported independent expenditures in Alaska. Instead, the group has during the past two weeks pumped money into Senate contests in Illinois, Connecticut, Nevada, West Virginia, Washington, Colorado, Pennsylvania and Kentucky.
Facebook has one of the largest deployments of the open source database MySQL, and the techies responsible for the care and feeding of this installment will divulge some of their secrets tomorrow night at company headquarters. If you can’t make it down to the event in Palo Alto, you can watch a live webcast of it on Facebook Live.
The database houses essential information about the more than 500 million people who have accounts on the social network. With about half of the members logging on daily, the system is incredibly busy — understatement! So it’s hardly a surprise that Facebook has three different teams of techies caring for the SQL installation: operations, performance and engineering groups, to be exact.
The level of service that Facebook demands from this database calls for special tweaks. The social network has its own patch for MySQL and engineering team continues to upgrade this software. The evolution of this development will be part of the presentation tomorrow night.
Most open-source software comes in a free version, with more advanced ones costing money. MySQL has three levels of paid subscriptions, and the most advanced one prices at $10,000 a year for one to four sockets. The most advanced one boasts the kinds of features that Facebook needs:
Whether you’re racing to introduce a new service, or trying to manage an avalanche of data in real time, your database has to be scalable, fast and highly available to meet ever-changing market conditions and stringent Service Level Agreements (SLAs).
MySQL Cluster is the industry’s only real-time transactional relational database combining 99.999% availability with the low Total Cost of Ownership (TCO) of open source. It features a “shared-nothing” distributed architecture with no single point of failure to assure high availability and performance, allowing you to meet your most demanding mission-critical application requirements.
MySQL Cluster’s real-time design delivers predictable, millisecond response times with the ability to service tens of thousands of transactions per second. Support for in-memory and disk based data, automatic data partitioning with load balancing and the ability to add nodes to a running cluster with zero downtime allows linear database scalability to handle the most unpredictable workloads.
MySQL Cluster delivers carrier-grade availability and performance, with the flexibility of open source software
MySQL Cluster eliminates the need for expensive shared storage, and runs on a range of commodity platforms, making it the most open and cost-effective database solution for mission critical applications.
The discussion of Facebook’s database deployment seems like the a brilliant response to news of the minor dip in Facebook’s availability rate this past quarter. The timing of the presentation couldn’t be better: this social network has a lot more demand put on it than much of the competition, and what better way is there to make the point than to lift up the hood?
eric seiger
eric seiger
<b>News</b> on Feliciano and Upton at GM Meetings - Pinstripe Alley
News on Feliciano and Upton at GM Meetings. ... News on Feliciano and Upton at GM Meetings. Mo_rivera_tiny by Travis G on Nov 16, 2010 1:09 PM EST in News � Tweet � 1 comment; Story-email Email; Printer Print ...
Fox <b>News</b> Turns Obama's Kid Book Into Anti-American War Epic
When news aggregation goes wrong: Fox News republished a USA Today article called "Obama Shares Dreams for His Kids in Book About 13 Americans." Fox News' headline? "Obama Praises Indian Chief Who Killed US General."
Olympus launches enhanced kit lens on Japan-only E-PL1s: Digital <b>...</b>
Olympus launches enhanced kit lens on Japan-only E-PL1s: Olympus has announced the Japan-only E-PL1s and, more significantly, the M.Zuiko Digital 14-42mm II 1:3.5-5.6 kit lens. The camera is a slightly tweaked version of the existing ...
eric seiger
eric seiger
<b>News</b> on Feliciano and Upton at GM Meetings - Pinstripe Alley
News on Feliciano and Upton at GM Meetings. ... News on Feliciano and Upton at GM Meetings. Mo_rivera_tiny by Travis G on Nov 16, 2010 1:09 PM EST in News � Tweet � 1 comment; Story-email Email; Printer Print ...
Fox <b>News</b> Turns Obama's Kid Book Into Anti-American War Epic
When news aggregation goes wrong: Fox News republished a USA Today article called "Obama Shares Dreams for His Kids in Book About 13 Americans." Fox News' headline? "Obama Praises Indian Chief Who Killed US General."
Olympus launches enhanced kit lens on Japan-only E-PL1s: Digital <b>...</b>
Olympus launches enhanced kit lens on Japan-only E-PL1s: Olympus has announced the Japan-only E-PL1s and, more significantly, the M.Zuiko Digital 14-42mm II 1:3.5-5.6 kit lens. The camera is a slightly tweaked version of the existing ...
eric seiger
<b>News</b> on Feliciano and Upton at GM Meetings - Pinstripe Alley
News on Feliciano and Upton at GM Meetings. ... News on Feliciano and Upton at GM Meetings. Mo_rivera_tiny by Travis G on Nov 16, 2010 1:09 PM EST in News � Tweet � 1 comment; Story-email Email; Printer Print ...
Fox <b>News</b> Turns Obama's Kid Book Into Anti-American War Epic
When news aggregation goes wrong: Fox News republished a USA Today article called "Obama Shares Dreams for His Kids in Book About 13 Americans." Fox News' headline? "Obama Praises Indian Chief Who Killed US General."
Olympus launches enhanced kit lens on Japan-only E-PL1s: Digital <b>...</b>
Olympus launches enhanced kit lens on Japan-only E-PL1s: Olympus has announced the Japan-only E-PL1s and, more significantly, the M.Zuiko Digital 14-42mm II 1:3.5-5.6 kit lens. The camera is a slightly tweaked version of the existing ...
eric seiger
<b>News</b> on Feliciano and Upton at GM Meetings - Pinstripe Alley
News on Feliciano and Upton at GM Meetings. ... News on Feliciano and Upton at GM Meetings. Mo_rivera_tiny by Travis G on Nov 16, 2010 1:09 PM EST in News � Tweet � 1 comment; Story-email Email; Printer Print ...
Fox <b>News</b> Turns Obama's Kid Book Into Anti-American War Epic
When news aggregation goes wrong: Fox News republished a USA Today article called "Obama Shares Dreams for His Kids in Book About 13 Americans." Fox News' headline? "Obama Praises Indian Chief Who Killed US General."
Olympus launches enhanced kit lens on Japan-only E-PL1s: Digital <b>...</b>
Olympus launches enhanced kit lens on Japan-only E-PL1s: Olympus has announced the Japan-only E-PL1s and, more significantly, the M.Zuiko Digital 14-42mm II 1:3.5-5.6 kit lens. The camera is a slightly tweaked version of the existing ...
eric seiger eric seiger
eric seiger
eric seiger
eric seiger
<b>News</b> on Feliciano and Upton at GM Meetings - Pinstripe Alley
News on Feliciano and Upton at GM Meetings. ... News on Feliciano and Upton at GM Meetings. Mo_rivera_tiny by Travis G on Nov 16, 2010 1:09 PM EST in News � Tweet � 1 comment; Story-email Email; Printer Print ...
Fox <b>News</b> Turns Obama's Kid Book Into Anti-American War Epic
When news aggregation goes wrong: Fox News republished a USA Today article called "Obama Shares Dreams for His Kids in Book About 13 Americans." Fox News' headline? "Obama Praises Indian Chief Who Killed US General."
Olympus launches enhanced kit lens on Japan-only E-PL1s: Digital <b>...</b>
Olympus launches enhanced kit lens on Japan-only E-PL1s: Olympus has announced the Japan-only E-PL1s and, more significantly, the M.Zuiko Digital 14-42mm II 1:3.5-5.6 kit lens. The camera is a slightly tweaked version of the existing ...
eric seiger
<b>News</b> on Feliciano and Upton at GM Meetings - Pinstripe Alley
News on Feliciano and Upton at GM Meetings. ... News on Feliciano and Upton at GM Meetings. Mo_rivera_tiny by Travis G on Nov 16, 2010 1:09 PM EST in News � Tweet � 1 comment; Story-email Email; Printer Print ...
Fox <b>News</b> Turns Obama's Kid Book Into Anti-American War Epic
When news aggregation goes wrong: Fox News republished a USA Today article called "Obama Shares Dreams for His Kids in Book About 13 Americans." Fox News' headline? "Obama Praises Indian Chief Who Killed US General."
Olympus launches enhanced kit lens on Japan-only E-PL1s: Digital <b>...</b>
Olympus launches enhanced kit lens on Japan-only E-PL1s: Olympus has announced the Japan-only E-PL1s and, more significantly, the M.Zuiko Digital 14-42mm II 1:3.5-5.6 kit lens. The camera is a slightly tweaked version of the existing ...
eric seiger
<b>News</b> on Feliciano and Upton at GM Meetings - Pinstripe Alley
News on Feliciano and Upton at GM Meetings. ... News on Feliciano and Upton at GM Meetings. Mo_rivera_tiny by Travis G on Nov 16, 2010 1:09 PM EST in News � Tweet � 1 comment; Story-email Email; Printer Print ...
Fox <b>News</b> Turns Obama's Kid Book Into Anti-American War Epic
When news aggregation goes wrong: Fox News republished a USA Today article called "Obama Shares Dreams for His Kids in Book About 13 Americans." Fox News' headline? "Obama Praises Indian Chief Who Killed US General."
Olympus launches enhanced kit lens on Japan-only E-PL1s: Digital <b>...</b>
Olympus launches enhanced kit lens on Japan-only E-PL1s: Olympus has announced the Japan-only E-PL1s and, more significantly, the M.Zuiko Digital 14-42mm II 1:3.5-5.6 kit lens. The camera is a slightly tweaked version of the existing ...
eric seiger
Michael M Thomas Says:
November 12th, 2010 at 11:33 am
In the first big art boom, back in the late ’80s-90s, some one observed, “It isn’t that the art isn’t worth the m oney, it’s that the money isn’t worth the money.” – MM Thoomas
Friday screencast: artflation Abnormal Returns Says:
November 12th, 2010 at 1:36 pm
Easy money and the red hot art market. (Big Picture)
Mike in Nola Says:
November 12th, 2010 at 2:27 pm
When I saw the Lichtenstein story on the BBC yesterday, was going to send BR a note that he might use as the start of a blog post.
The point of my note was that such big prices tend to mark tops in stocks because it’s a sign of overconfidence combined with spending paper profits. The example that first came to mind yesterday was the Japanese investor who bought one of Van Gogh’s Sunflowers for $80M – in 1990 just after the Japanese market peak.
http://www.highbeam.com/doc/1P2-1126944.html
Of course there are other indicators. Remember reading about one of the well known players in the very early 1900′s who, when he saw $10k bet on the turn of a card, went out and correctly sold everything.
An illustration of what some art investments are worth in hard times is that some segments of the art market were down 75% during the depths of the crash. The only reason art is booming again is because Ben B has repumped the liquidity bubble, allowing the banksters to make plenty instead of having their sorry asses thrown out on the street as they deserved.
grlampton Says:
November 12th, 2010 at 2:37 pm
A lot of what this post says about the art market can also be said about the rare coin market. Granted, rare coins are not unique in the same way a single piece of artwork is (though some are close to unique).
Although I do not know what the long-term appreciation figures are for artwork, classic American rare coins have outperformed the S&P over the lon g haul, and, in my view, thwey are a lot more fun.
gms777 Says:
November 12th, 2010 at 3:39 pm
And for the 99.99 percent of us who don’t have millions to throw at art, when you buy art, buy it because you like it and think you will continue to enjoy looking at it in your house for years.
Something like 95+% of all art never appreciates in value or if it does, it does so below the rate of inflation.
obsvr-1 Says:
November 12th, 2010 at 4:30 pm
seems this is just the .1%-ers keeping up with the Rockerfellers
Perhaps the FED should be buying up rare art during distressed markets — then sell to the Fraudsters and elitist when they have nothing better to do with their money but buy high priced art; then recycle the profits back to the taxpayer (reduce nat debt) — or substitute SSA for the FED to bolster the Trust Fund for self sufficiency.
ToNYC Says:
November 12th, 2010 at 5:07 pm
If you’re very rich, you can ship your art to Switzerland, London or Singapore to be stored in a state-of-the-art facility and not have to worry about the Feds tracking it as funds.
Believe it or not, that’s where the majority of art ends up these days, sitting in storage waiting for the right time and place to be shown or sold.
great point you make:
rich or just smart…keeping all invested in Intellectual Property keeps you free. Hard assets are more like anchors and chains and locks and guns.
Long term Says:
November 12th, 2010 at 5:12 pm
The problem I see with art, as an investment or even as a store of value, is that BOTH the insurance AND storage costs of pieces in the $10M+ range are significant. And reoccuring. And a drag on ROI unless a large mark-up is achieved.
Mannwich Says:
November 12th, 2010 at 5:27 pm
Then there’s this. Sure doesn’t sound worth it to me.
http://www.nytimes.com/2010/11/14/realestate/14cov.html
philipat Says:
November 12th, 2010 at 6:44 pm
I’d also recommend fine wine for similar reasons. Also more liquid (Double entendre intended!)
pintelho Says:
November 12th, 2010 at 7:33 pm
Now this is an excellent educational piece…thank you Marion
Long term Says:
November 12th, 2010 at 9:06 pm
i consider this very interesting from the perspective of how chinese billionaires will benefit high-end american exports.
VennData Says:
November 12th, 2010 at 11:13 pm
What’s good for Damien Hirst is good for the global economy — Charles Wilson
YourPortlandFinancialAdvisor Says:
November 12th, 2010 at 11:30 pm
“Blue-chip art is no different from gold.”
It’s actually a lot different. People collect art to feel good about themselves, to feel intellectual, worldly, ect. Watch “Gone With the Wind”, Tara, the plantation is filled with paintings from Europe because that was the equivilant of the time. Plus anyone who fancies themselves a contemporary art collector must have and be judged by works of certain artists. Warhol would be one. No Warhol, no collection.
Julia Chestnut Says:
November 13th, 2010 at 5:52 am
The distinction here is between art as a store of value and art as an investment that is expected to create appreciation. The big jump in the value of a piece of art occurs when the artist dies, and thus the supply ends. People who build a fortune in art do so by having good taste and developing a relationship with the people who create (and/or sell) the kind of art that they love. It is about enjoyment and communication – about beauty and provocation. I have found in my limited experience that people who see art as an investment don’t pick the right artists: someone has to do their choosing for them.
But the pieces that we’re talking about in this article are investment grade – blue chips, as you said. Those are a store of value, alright. But as someone noted, the price of keeping something like that is extremely high. There are some pieces of such extreme value to certain unscrupulous people that you don’t insure them if you own them – because you are afraid that the appraiser or the insurance company might tip someone off about where the piece is. I wish I were being alarmist. Often these pieces are kept in professional storage in vaults because you don’t want to keep it where your family lives for these reasons. As old Priam found out long ago, possessing a thing of legendary beauty invites certain problems, especially if you are using it as a store of wealth.
contrabandista13 Says:
November 13th, 2010 at 8:25 am
And just to think, I bought a “Melvin Cruddy” last week for $2.77 at Resales for the Retarded.
It kinda looks like a Modigliani of Bugs Bunny and Daffy having breakfast at a Milwaukee coffee shop.
BuffaloBill Says:
November 13th, 2010 at 8:35 am
A.) If bought at auction, there are also buyer’s and seller’s commissions. You’ll need to add these into your investment computations. These commissions are not insignificant.
B.) If bought at auction, the hammer price (plus commission) is the single highest worldwide valuation for that piece.
C.) To quote the late Lawrence Fleischman who headed Kennedy Galleries in NYC for many years. “Art makes a lousy investment for almost all buyers except for dealers as we work hard to maintain a rolodex of likely customers. ”
D.) To quote the late Horace Solomon of Holly Solomon Galleries, “The painting hanging behind me is worth $125,000 – mostly because I say so.”
contrabandista13 Says:
November 13th, 2010 at 8:41 am
The BIG MONEY plays in the art market are all about vanity… Oh….! Such refined and subtle sophistication…
Having said that, It’s worth remembering that a trophy such as a Pollock or a real Modigliani, never grows old, never makes you carry it’s purse and will always comfort you in sickness and in heath….
Greg0658 Says:
November 13th, 2010 at 9:13 am
interesting thread .. I’ll add my pov (thats point of view) not (privately owned vehicle :-) … while waiting for the pumpkin pie to bake
I collect art – not blue chip art (I can’t) .. music 1st books 2nd clocks 3rd (why I started that with the dang time change twice a year) .. add general stuff to cover the walls, shelves and corners .. why I started that or continue that operation (as we slip back into a hunter gatherer society) (produced in mass production) I don’t know … I guess I’m a well trained consumerist .. worked all my life to turn green TP into stuff – because what good is scratchy green TP .. so coming up on the Thanksgiving season I’ll just ask for your thanks .. so thank you in advance … ie thanks for working to build stuff and then turn excess wages into stuff so people who can’t turn stuff into stuff can flip it for a living
ps – the other pov – wish I could earn enough to have one of those fancies I loved to take pictures of – but then again – I might hit a deer with it or get it k@/@d
ToNYC Says:
November 13th, 2010 at 9:30 am
Art as investment works for the smart players who realize that over time their judgment of the intellectual perspective which is IP, and what it is that the artist presents will be a Call on an increasing statement of value over time (and transferred stored savings). The ones that see the artist’s vision and help bring that awareness public do the very best and are the lifeblood of our culture as well.
Saturday links: cleaner coal Abnormal Returns Says:
November 13th, 2010 at 10:08 am
What is driving the art market? Easy money.* (Big Picture)
philipat Says:
November 13th, 2010 at 11:31 am
VennData Says:
“What’s good for Damien Hirst is good for the global economy — Charles Wilson”
IMHO, the new Warhol? And I mean that not kindly. Both take advantage of art as culture as fashion as Ladt Gaga to make money. No problem with that, and good luck to them. But is it art?