Network Literacy Critical in New Information Era

first_imgA new information eraHour by hour, day after day, in workplaces all across this nation and the world, workers are hearing the term “social networking.”They’ve begun to understand that the old information order in which people interacted, taught, and learned exclusively in face-to-face encounters and through the printed word has changed. It’s been replaced or complemented by something radically different — virtual sources of knowledge and communication, accessible at the speed of light.They see their coworkers integrating social media tools — tweeting, posting to Facebook and blogging — into their everyday work. These early adopting colleagues have discovered that using these tools and techniques enables them to connect, share, and make deeper professional imprints among a wider circle of peers.Missing out? But how to begin?The people who haven’t started incorporating social media tools into their work sense they’re missing out on something — something lasting and significant — something big.They are anxious to take the critical first step. But how? How do they master all of this and make it work for them?In other words, how do they become network-literate — fluent in the skills that define communicating in the 21st century? How do they find the time? How do they avoid the perils widely associated with social networking — privacy infringement and copyright violation, to name only a couple? How do they convince their supervisors to encourage social networking as part of their plans of work and evaluate the impacts of their social media efforts?Military Families Learning Network Literacy Community of PracticeThe Military Families Learning Network Literacy Community of Practice was formed to provide professionals not only with the skills but also with the mindset to make optimal use of this new approach to communicating.Our main goal is to engage a broad learning network to help define a new kind of professional — a fully engaged, networked professional equipped not merely to survive in this new, highly competitive communication landscape but also to learn, teach, create, share, and build within both personal and professional networked communities.The times are calling on all of us to build deeply engaged, reciprocal relationships with those we serve, learn from, and create with. Simply learning how to use social media tools such as Twitter and Facebook to reach larger numbers of clients isn’t enough. We must learn to use these and other online tools to build two-way, even multi-party, collaborative relationships with our clients.This is why a big part of the Network Literacy effort will involve helping professionals become comfortable with online social networking tools and then to begin building and sustaining collaborative relationships within emerging networks.A critical first step will be learning how to help professionals gain sufficient levels of what networking visionary Thomas Vander Wal describes as social comfort, namely learning how to build networks in which participants not only feel comfortable among each other but also with the technological tools and subject matter.This is the charge of the Network Literacy effort: to build a new-model worker adequately equipped and inspired to use emerging networks to forge close, highly collaborative relationships with their clients.In the course of helping build this new working model, we hope to contribute something equally as significant: a powerful group of transformers, people who, in the course of building open, fully engaged networked environments, also create transformative relationships with their clients.Join our efforts to promote online network literacy Become a member of our community of practice or liking our Facebook page. You can also contribute to our curation of content about social media and online networks by tagging your posts “#netlit”.Find out moreJoin us on Monday, October 3rd, 2011 at 2 p.m. EDT for an interactive webinar discussing Network Literacy and the eXtension Network Literacy Community of Practice. More details are available here.Authors: Jim Langcuster, Bob Bertsch, Peg Boyles and Stephen JuddThis work is licensed under a Creative Commons Attribution 3.0 Unported License.last_img read more

WATCH: Kobe Bryant’s 11-year-old daughter shows off basketball prowess

first_imgDon’t miss out on the latest news and information. E.T. returns to earth, reunites with grown-up Elliott in new ad  Brace for potentially devastating typhoon approaching PH – NDRRMC Kammuri turning to super typhoon less likely but possible — Pagasa In a previous interview with Andrew McNicol of the South China Media Post, Bryant shared an adorable story of how Gianna was irked by fans who kept calling him the “G.O.A.T.”“It’s me, my wife [Vanessa], my eldest daughter Natalia and our middle child Gianna,” he shared. “And fans throughout the park keep walking by me saying ‘you’re the GOAT, you’re the GOAT!’“Finally, Gianna turns to one of them and shouts ‘how rude.’ I asked her what was wrong, and she says, ‘they keep calling you a goat, that is so rude!’Kobe clarified that it meant “The Greatest Of All Time” and Gianna went on to thank the fan.Shortly after his retirement in 2016, Bryant shared that he was looking forward to spending more time with his wife and three daughters.By the looks of it, he is certainly cherishing every moment. /raRELATED STORY:WATCH: Kobe’s 11-year-old daughter drains jumpshot a la ‘Black Mamba’ Read Next Bryant posted a couple of videos of their 1-on-1 workout on his personal Instagram account, which has accumulated a combined 3 million views as of this writing.“@wnba finals rematch got us hype! A lil one on one with my baby,” Bryant captioned the first video, which showed Gianna clearing some space and draining a jump shot.FEATURED STORIESSPORTSWATCH: Drones light up sky in final leg of SEA Games torch runSPORTSSEA Games: Philippines picks up 1st win in men’s water poloSPORTSMalditas save PH from shutout Frontrow holds fun run to raise funds for young cancer patients  Trending Articles PLAY LIST 00:50Trending Articles00:50Trending Articles00:50Trending Articles01:37Protesters burn down Iran consulate in Najaf01:47Panelo casts doubts on Robredo’s drug war ‘discoveries’01:29Police teams find crossbows, bows in HK university01:35Panelo suggests discounted SEA Games tickets for students02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games ADVERTISEMENT BSP sees higher prices in November, but expects stronger peso, low rice costs to put up fightcenter_img LATEST STORIES LOOK: Loisa Andalio, Ronnie Alonte unwind in Amanpulo for 3rd anniversary A follow-up video showed Kobe’s “mambacita” hitting another shot from deep, followed by a strong drive to basket over her legendary father. Fans may no longer see Kobe Bryant suit up in the hardwood, but it looks like he has found a worthy successor—his 11-year-old daughter, Gianna.After admitting that the WNBA Finals rematch between the Los Angeles Sparks and the Minnesota Lynx has got them all hyped up, the father-daughter duo went on to work and put on shots of their own.ADVERTISEMENT MOST READ Nonong Araneta re-elected as PFF president EAC, Letran triumph Fire hits houses in Mandaluyong City View commentslast_img read more

Stalzer returns to PSL, jumps ship from Foton to Petron

first_imgManganti game-winner lifts Adamson past UP BSP sees higher prices in November, but expects stronger peso, low rice costs to put up fight Cocolife tabbed Santa Clara University alum Taylor Milton and Tai Manu-Olevao of University of Hawaii as its imports while Sta. Lucia got Canadian nationals Marisa Field and Kristen Moncks and Bulgarian star Slavina Koleva.Generika hired American open hitter Katelyn Driscoll and Croatian Katarina Pilepic, who played for University of Arizona.American Katelyn Driscoll and Venezuelan national Maria Jose Perez will banner F2-Logistics.ADVERTISEMENT Fire hits houses in Mandaluyong City Sports venues to be ready in time for SEA Games PLAY LIST 00:59Sports venues to be ready in time for SEA Games01:27Filipino athletes get grand send-off ahead of SEA Games00:50Trending Articles01:37Protesters burn down Iran consulate in Najaf01:47Panelo casts doubts on Robredo’s drug war ‘discoveries’01:29Police teams find crossbows, bows in HK university01:35Panelo suggests discounted SEA Games tickets for students02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games Frontrow holds fun run to raise funds for young cancer patients  A jubilant Lindsay Stalzer. Photo by Tristan Tamayo/INQUIRER.netA familiar face is coming back to the Philippine Superliga, although she’ll be wearing a different hue of blue.The prolific Lindsay Stalzer will suit up for Petron in the import conference after leading Foton to two straight Grand Prix titles.ADVERTISEMENT Nonong Araneta re-elected as PFF president LATEST STORIES Ironically, it was Petron that Foton beat for its back-to-back Grand Prix titlesStalzer joins Yuri Fukuda, her one-time teammate for PSL-F2 Logistics in the FIVB Women’s Club World Championship, and Hillary Hurley at the Foton side.FEATURED STORIESSPORTSWATCH: Drones light up sky in final leg of SEA Games torch runSPORTSSEA Games: Philippines picks up 1st win in men’s water poloSPORTSMalditas save PH from shutoutIn response to Stalzer’s departure from their camp, the Tornadoes tapped the services of Serbian national Sara Klisura, Montenegro national Dragana Perunicnic, and libero Katarina Vukomanovic of Serbia.Cignal HD recruited middle blockers Beth Carey, who represented Australia in the 2017 World Grand Prix, and Michigan State University product Alexis Mathews, and libero Mami Miyashita.center_img Read Next Don’t miss out on the latest news and information. Fire hits houses in Mandaluyong City Typhoon Kammuri accelerates, gains strength en route to PH Brace for potentially devastating typhoon approaching PH – NDRRMC LOOK: Loisa Andalio, Ronnie Alonte unwind in Amanpulo for 3rd anniversary MOST READ View commentslast_img read more

ICC comes into action, suspends stung umpires

first_imgInvestigations might still be on, but the International Cricket Council (ICC ) sprung into action on Wednesday, suspending the six umpires caught in a TV sting which alleged that they were willing to fix Twenty20 matches in return for money.Newly appointed ICC vice-president Mustafa Kamal had said on Tuesday itself that ending corruption was at the top of ICC’s agenda and the decision to not only suspend the six umpires , but also not appoint any of them for domestic or international matches pending the outcome of the investigation came on expected lines.”The International Cricket Council (ICC) and its relevant Full Member Boards have agreed not to appoint any of the umpires named in a sting operation recently conducted by India TV to any domestic or international cricket matches pending the outcome of the ongoing investigation into the allegations made.”The officials named are not contracted by the ICC and those Boards who employ and nominate the umpires directly will conduct the investigation as a matter of urgency,” the ICC said in a statement.Mustafa said: “The ICC maintains a zero-tolerance policy against corruption and now, with startling revelations about umpires too being involved in fixing, the noose has to be tightened further to ensure there is no scope to even think about crossing the line of fair play.”According to the sting, Nadeem Ghauri and Anees Siddiqui of Pakistan, Nadir Shah of Bangladesh and Gamini Dissanayake, Maurice Winston and Sagara Gallage of Sri Lanka were willing to not only pass match-related information to bookies, but also manipulate on-field decisions as per instructions received from bookies.While investigation is on, all umpires involved have vehemently rubbished the allegations and cried foul. The Pakistan, Bangladesh and Sri Lanka cricket board have already swung into action whileRajeev Shukla, Board of Control for Cricket in India (BCCI) vicepresident and chief of the Indian Premier League, made it clear that BCCI is fully committed to keeping the game clean. “Our job is to keep the game clean. The BCCI takes strong and immediate action whenever such cases come up as was witnessed during the IPL this year,” he said.Sri Lanka Cricket chief executive Ajith Jayasekara assured that the tapes are being studied and the local anti-corruption unit will work in tandem with the ICC in their endeavour to end corruption. A former international umpire who is still associated with the BCCI said that it was a matter of shame that the very people concerned with fair conduct of the game have faltered. “Players have often been heard to get lured by bookies, but for an umpire – considered to be the highest authority on the field – to get tempted and accept offers to divulge match information and tweak outcome of matches through their decision-making is shameful,” he told MAIL TODAY.Former India captain Bishan Singh Bedi feels that this is just the tip of the iceberg. “This is indeed very shameful, but let me assure you that this is just the tip. As always, the small fish are the ones caught and sacrificed. This is going on at a much higher level. “Cricket is one sport that reflects the times around us and it is no secret that in today’s world everybody is running after money,” Bedi told Mail Today.advertisementThe repeated scandals clearly show that there are loopholes in the system and unless these are taken care of, such occurrences will become a perennial affair. Time for the men concerned to wake up and take note.last_img read more

Got to admire how MS Dhoni takes the game deep and gets the job done: Ben Stokes

first_imgRajasthan Royals all-rounder Ben Stokes has said that his team can’t afford to lose another game after suffering three consecutive defeats in the IPL.Stokes said there was no point in looking back and focus on the upcoming games because if they lose the next two, bouncing back could be beyond Royals’ reach.”Our first three games we got ourselves into a real good position to win all three, and we know it is just (about) winning those crucial moments. (This game) it was the last over and unfortunately we couldn’t cross the line,” Stokes said at the post-match press conference after the eight-run loss against Chennai Super Kings here on Sunday night.”There is always been one point in the three games were we haven’t been a better team. Losing the first three games you probably would say we can’t (take positives), but we are trying to and there is no point in looking back…Because if we lose 4-5, it’s going to be really tough to come back from that,” he said.Stokes also hailed CSK captain Mahendra Singh Dhoni saying there was a lot to learn from him. Dhoni smashed an unbeaten 75 to bail his team out of trouble from 27 for three.”Hindsight is a wonderful thing, if you look back at it like that. He just takes it deep as he possibly can. He’s a great person to learn from and watch how he goes about his innings whether it’s setting a total or chasing a total.advertisement”Sometimes you got to hold your hand up and say the best players in the world can do that. He certainly showed that tonight.”Paying tribute to Dhoni’s finishing skills, the Englishman said he is one of the greatest finishers to have graced the game and the Royals tried to attack him but he got reprieves which could have been a turning point.I feed off @msdhoni’s energy: Dwayne Bravo’Champion’ @DJBravo47 tells @sambillings about bowling the tense last over in the RR win, batting with ‘Thala’ and @ChennaiIPL’s performance. By @RajalArora #CSKvRR #VIVOIPLFull video – https://t.co/2dtBPUXbR6 pic.twitter.com/079YU8IdlpIndianPremierLeague (@IPL) April 1, 2019″Especially when he comes in early, every team knows what he’s going to try and do to start with and we tried to attack him. Getting him out was our main objective. There was a dropped catch which you can’t blame anyone for – that happens – and the ball hitting the stumps and the bails not coming off.”The Royals needed 12 runs in the final over to seal win but failed to do as the experienced Dwayne Bravo yet again kept things tight and took the wicket of Stokes.About this, the Royals player said the first ball is crucial and Bravo knew what to do.”And probably though the first ball is crucial to get a boundary (in the last over), and to try and get the momentum, you know (it) could have gone (for a boundary) but (Dwanye) Bravo is sort of experienced in those situations and he knows what to do and he is one of the best in the world doing it, so just say well bowled at the end of the day.”Stokes said there was a little bit of pace in the wicket but it was ‘stoppy’ and the dew made it hard for the bowlers.”(There was) little bit pace and (it was) sloppy, towards the end the quicker ball couldn’t not lay easier and in the end the dew helped (the ball) to come on nicely.”The dew on the top of the grass was making the ball slippery and you could see how many times the ball was changed and it was a tough task for us, imagine how hard it was for the spinners considering they used their fingers to spin the ball,” he added.Also Read | Watch: CSK players celebrate coach Stephen Fleming’s 46th birthday after beating RRAlso Read | I don’t take anything for granted: Imran Tahir after clinching Purple CapAlso Read | IPL 2019: MS Dhoni impressed with Imran Tahir’s control after CSK win thrillerlast_img read more

Virat Kohli hits 25th Test hundred, equals Tendulkar’s record for 6 centuries in Australia

first_imgVirat Kohli brought up his 25th Test century on Sunday at the Optus Stadium in Perth in the second Test between India and Australia with a magnificent innings against a fired up Australian bowling attack. Kohli walked in to bat when India were in deep waters at 8/2 in the first innings after Australia had posted a very good total of 326 on board.On a tough wicket that had quite a bit of bounce, Virat Kohli reached his hundred in 214 deliveries. At the time of his hundred, India were 223/4, still 103 runs behind Australia’s first innings total. It is needed for Kohli to stick it out at the wicket and either help India overhaul Australia’s target and get a lead or get as close as possible to the total.With his sixth Test century in Australia, Virat Kohli also equalled Sachin Tendulkar’s record of most Test centuries by an Indian Down Under. Ahead of this tour, Kohli had scored five hundreds — one in Adelaide in 2012 and four centuries if the 2014-15 tour which includes the twin hundreds at Adelaide.India vs Australia, 2nd Test: LIVE BLOG | LIVE SCOREAdelaide being his favourite hunting ground, a lot of narrative for the first Test of this tour was around Virat Kohli and his love for the ground. However, it was in the new stadium in Perth that Kohli played a delightful innings. Kohli has time and again shown that he relishes challenging conditions and difficult situations and once more, the world saw the same.advertisementFormer Australia batsman Michael Hussey said on Saturday that he loved the intent with which Virat Kohli batted and the Indian captain showed the same application from ball one on Sunday.Starting the day on 82 not out, Kohli took 12 overs on a new day to reach the three-figure mark. Once again the captain led from the front and tried to get India out of a precarious situation.During the first Test at Adelaide Oval, Kohli became the fastest Indian to score 1000 Test runs for India in Australia. On the way to this milestone, Kohli also became the only Indian skipper to score 2000 Test runs in away matches. He is also the first Indian captain to score 2000 Test runs both in India and overseas.Kohli reached the landmark in nine Test matches, faster than batting great Don Bradman, who reached the four-figure mark in his 10th Test at home.Kohli has now scored 1129 runs in 10 Tests in Australia at an average of 62.7. Kohli also has the second-best Test average among batsmen who have scored at least 500 Test runs in January 1, 2017.Kane Williamson leads the list with an average of 67.47 in 20 innings. Kohli average 66.02 in 37 innings while Steve Smith is third with an average of 63.75 in 23 innings.In the previous tour to Australia in 2014-15, Kohli had scored 692 runs at a staggering average of 86.50 in four Test matches. That particular series was career-defining for Kohli after a horror tour in England that year.Earlier this year, Kohli also had brilliant two tours in South Africa and England. Kohli topped the batting charts in the Rainbow nation scoring 286 runs in three Test matches.He then went to England and rose above the demons of the previous tour by scoring a century in the very first Test match at Edgbaston. He ended the five-Test series with two centuries and 593 runs.Kohli has one of the best conversion rates as captain, having scored 18 hundreds and nine fifties in 71 innings. At the start of the day, his conversion rate was 63 per cent.Also Read | We feel pretty confident when Virat Kohli bats: Ishant SharmaAlso Read | Virat Kohli says he is now a changed man: I was so bad on my 1st Australia tourAlso Read | Lady Luck smiling on Kohli: 2513 international runs and 10 hundreds in 2018. 2 Tests to goAlso See:last_img read more

Video: Kelly Oubre Reflects On His Time At Kansas After Declaring For NBA Draft

first_imgWayne Selden, Kelly Oubre and Devonte' Graham celebrating Kansas' big 12 title.LAWRENCE, KS – MARCH 03: Wayne Selden Jr. #1 of the Kansas Jayhawks stands with Devonte Graham #4 and Kelly Oubre Jr. #12 after the Jayhawks defeated the West Virginia Mountaineers 76-69 in overtime to win the game and clinch their eleventh straight Big IX Championship title at Allen Fieldhouse on March 3, 2015 in Lawrence, Kansas. (Photo by Jamie Squire/Getty Images)Kansas freshman forward Kelly Oubre Jr., declared for the 2015 NBA Draft today. He’s pretty much a lock to be selected in the first round, and could even merit a spot in the lottery. Oubre Jr. made his move official in a video released by Kansas moments ago. In it, he declares he’s a “Jayhawk for Life.” //“It’s been a blessing to play the game with KANSAS across my chest…”Kelly Oubre Jr declares for the 2015 NBA Draft: kuathne.ws/1G59hxu #alwaysajayhawk #kubballPosted by Kansas Men’s Basketball on Wednesday, April 1, 2015Oubre Jr. averaged 9.3 points and 5.0 rebounds in 21.0 minutes per game in his lone season in Lawrence.last_img read more

In This Issue   Ireland wants to stand on its ow

first_imgIn This Issue.*  Ireland wants to stand on its own two feet. *  Aso says yen has fallen too far. *  Canada’s strong jobs reports. *  What is the Fed up to now?And, Now, Today’s Pfennig For Your Thoughts!Draghi Throws The Euro Under The Bus!Good day.  And a Happy Friday to one and all! Well, I made it through the week! It was questionable the other night, but I made it! Little Delaney Grace stayed all night with us last night, so her and Mimi (Kathy) can spend the day together. She is so darn cute, and smart. And she’s a non-stop talker, question asker, and quick to comment on what she observes, little girl!  The Northeast is preparing for a blizzard, so be careful and respect Old Man Winter!Well. so much for statistics! I sat here yesterday, and told you that I didn’t think ECB President Mario Draghi would mention the strength of the euro. And then pointed to statistics showing that in the past 170 ECB meetings the euro was only mentioned 15 times.  And then guess what Draghi did?  Yep! He signaled that “policy makers are concerned that the euro’s advance could damp inflation and hamper an economic recovery.”And the euro dropped like a rock! I was in my interview with the International Business writer, and came out to see the euro heading toward a 1-cent decline. within 30 minutes later, it was down $1.30!  YIKES! So, much for all that talk by Draghi a few months ago, about defending the value of the euro, eh?It just shows to go you, that these Central Bankers will say whatever works for them at that time.  The euro is attempting to work itself back onto the rally tracks this morning, but the sting from Draghi’s words is still being felt.  The euro also got a lift late yesterday when it was announced that the European Central Bank (ECB) had agreed to ease the terms under which the Irish Gov’t. repays some 31 Billion euros of debts it incurred in support of its stricken banking system.The Irish Gov’t hopes the agreement will smooth the way for a return to the international bond markets in 2014,  which would bring to an end Ireland’s reliance on loans from the IMF and European Union..  This is all good stuff for Ireland folks. and it looks like the rest of the world won’t be kicking sand in Ireland’s face too much longer!The Japanese yen is stronger this morning on the news overnight that Japanese Finance Minister (Fin Min) Aso, said that, “yen had weakened much more than we had hoped or expected”  Those words surprised the markets, who were thinking that the 95-100 range would be where the Bank of Japan (BOJ) and Fin Min would like to see yen.  Does this mean that the selling in yen is over for good? Hardly. I believe this is just a form of a circuit breaker, much like the ones the U.S. uses whenever the dollar appears to be heading over the cliff. The Japanese don’t want the markets to believe that this is a One-Way street down for yen. For, if that was the case, the momentum would carry yen far weaker than the Japanese leaders want to see.The Aussie dollar (A$) put an end to the selling last night, after the Chinese printed their latest Trade Balance report.  China’s Trade Balance remained a surplus, and beat expectations printing at $29.15 Billion (VS $24.7 Billion forecast).  This report signaled that China’s economic recovery is still working its way through, and long time readers of the Pfennig know all too well that a strong Chinese economy will cure all that ails the A$…So much so that the Chinese Trade Surplus was enough to offset the damage that the Reserve Bank of Australia (RBA) was attempting to inflict on the A$ by reducing their economic growth and inflation outlooks. They also made mention that the strength of the A$ was keeping growth down..  Hmmm. here we go again, right? Another Central Bank, crying in their beer about their strong currency.Closer to home. Canada will print their January employment data today. In recent prints the strength of the jobs market has outpaced the forecasts, and the forecast for today’s report is again for a weak report.  The Canadian jobs market has generated net new jobs at what I believe to be a good strong pace of 37,500 per month since July.  But all good things must come to an end, right? I’m on the fence with this report, as part of me says the good, strong pace will continue, and the other part says, this is the month that it falters.I guess we’ll just have to wait-n-see, eh? The Canadian dollar/ loonie is weaker this morning as the markets again believe they’ll see a weaker jobs report.The Brazilian real continues to tear a path below the 2 handle. I’m watching this and not believing what I’m seeing, given what’s gone on with the real the past two years.. Be careful here, but for now, this currency is on a tear. pent up frustration I guess.Chris and Chuck talked to the International Business writer yesterday, and the talk was mostly about the Currency Wars. I started off by telling the writer that this Currency War has been going on for years, and that it’s not the first time a Currency War was being played out before us.  And then I came out to my desk, and found an email from one of our astute people in NY, Brian, that gave me a link to a story about the 1930’s currency war. I told the writer that we could either see the Currency Wars get so intense that they cause a collapse of the financial system, (not likely) or we could see the IMF step in, and try to get everyone to settle down. But that in the end, the U.S. was the most important piece to the puzzle, for if they continue to push the buttons that cause dollar weakness, it could really carry over to the rest of the countries.  But that maybe, the U.S. will eventually reach a weakness level for the dollar that they believe they can work with to pay down the debt servicing (bond interest).Speaking of pushing the buttons to further dollar weakness. Fed Head, Evans, President of the Chicago Fed, said yesterday that “the U.S. Jobless Rate won’t fall to 6.5% until 2015”. Recall that the Fed set the bogey for the unemployment rate at 6.5%, before they would entertain raising interest rates. Evans went on to say that “the bond-buying program may need to continue for another 6 months to a year until we’re clear the job market outlook has improved.”And my old nemesis. Robert Rubin, believes that the automatic spending cuts that are supposed to go into place on March 1, is a “terrible, terrible piece of legislation.”   So, I’ll take it that he’s not a fan of spending cuts. Sure, why not just kick them down the road?  I saw a cartoon yesterday that fits here. it’s Uncle Sam standing on the shoulders of children holding up the debt ceiling. While I’m on this road that leads to ruin here in the U.S.  the Big Boss, Frank Trotter, sent me this note yesterday, and long time readers know how much I enjoy it when Frank writes. So here’s the Big Boss. “Way back in graduate school our professor, Murray Wiedenbaum – former Chairman of Reagan’s Council of Economic Advisors, noted that government managers are no fools.  When asked to make cuts these reductions will not come in the Washington bureaucracy where they work but rather in places calculated to make the most impact on the public who will then call their congressman to demand action.  If Social Security were asked for example, cuts would likely come in the number of people staffing the local service windows resulting in a line around the block . . . .We don’t know but it sure feels like that is starting again.  I’ve noticed two large Navy ships that had deployments called back at the last minute, calculated no doubt to gain the most publicity and generate talk like – ‘if we make cuts we will be unprotected, fund now and fund more’!  Watch for more examples and report back to Chuck.  It’s tough cutting spending and the spenders will use every tactic possible to foil the plan.”Chuck again.. Thanks Frank!  You know, when I first met Frank in 1981, I used to be told that I was identical to Bruce Willis. Remember “Moonlighting?”  Now, stop laughing out loud! It’s not THAT funny!The U.S. data cupboard only has the December Trade Balance to print today. I usually try to match up the Trade Balance with dollar performance the previous month. So. in December the dollar was heading down, and therefore I think we’ll see a narrowing of the Trade Deficit for December. Then There Was This. my friend Scott Pluschau, sent me this, and said he had just come inside from yelling at the Oak Tree, after reading the story. So, he naturally thought of me, yelling at the walls over stuff like this.  It appears on CNS News should you want to find the whole story. here are some snippets..“So far this calendar year, the Federal Reserve has bought up more U.S. government debt than the U.S. Treasury has issued.On Dec. 31, the total debt of the U.S. government was $16.4327 trillion and then-Treasury Secretary Tim Geithner announced that the government had hit what was then the legal debt limit. Last week, however, Congress enacted a law to suspend the federal government debt limit until May 18, 2013, and allow the administration to resume increasing the debt.By the close of business on Wednesday, Feb. 6, according to the U.S. Treasury, the total federal debt had climbed to $16.4799 trillion-an increase of $47.2 billion for the calendar year.At the close of business on Jan. 2, the Federal Reserve had owned $1.661 trillion in U.S. Treasury securities. By the close of business on Feb. 6, it owned $1.7172 trillion-an increase of $51.1 billion for the calendar year.”Chuck again. OK.. so why does the Fed need to buy $3.9 Billion Treasury bonds than the debt that has been accumulated? Well, if you ask me, I would say that they are simply greasing the tracks for more deficit spending. But the key thing here is that the Fed is buying more than 100% of our debt at this point. that’s scary!To recap. Draghi threw the euro under the bus yesterday, when he questioned the euro’s strength. So much for doing everything possible to protect the euro, eh?  With the euro getting thrown under the bus yesterday, the rest of the currencies drifted throughout the day. This morning the currencies are attempting to rally, but things like the RBA dissing the strength of the A$, just don’t make things easy.. China’s Trade Surplus printed stronger than forecast, and Ireland is getting ready to stand on its own two feet again.Currencies today 2/8/13. American Style: A$ $1.0335, kiwi .8380, C$ $1.0020, euro 1.3415, sterling 1.5780, Swiss $1.0915, . European Style: rand 8.8950, krone 5.5150, SEK 6.4125, forint 217.55, zloty 3.1010, koruna 18.8050, RUB 30.15, yen 92.50, sing 1.2375, HKD 7.7555, INR 53.50, China 6.2347, pesos 12.72, BRL 1.9585, Dollar Index 79.95, Oil $96.08, 10-year 1.94 (finally moved off the 1.99% level all week), Silver $31.16, Gold. $1,671.55, and it’s Friday, so let’s take a peek at the U.S. Dollar Index. click here.That’s it for today. a bad night for our Blues and Missouri Tigers. That’s two losses in a row at home for the Blues. it’s not good when the visitors win in your building. I hope they can turn it around quickly, it’s too short of a season to have problems at home!  I’ll be gone most of next week, but will pick the Pfennig back up on Thursday morning.  It was a far better night last night, so I’ve got that going for me this morning! And our little Christine is stopping to pick up breakfast sandwiches for the trade desk, so it’s all good! Pitchers and catchers report next week, I truly believe that it should be a national holiday!  Thanks for reading the Pfennig, I’ll talk to you next Thursday, and I hope you have a Fantastico Friday!Chuck Butler President EverBank World Markets 1-800-926-4922 www.everbank.comlast_img read more