Tag Archives: history

Natural Gas Price Differentials Trend Up

Kurt Wulff ( McDep Associates ) submits: We raise our estimated 2010 distribution yield for buy-recommended Dorchester Minerals ( DMLP ), Hugoton Royalty Trust ( HGT ) and San Juan Basin Royalty Trust ( SJT ) to 8.9%, 8.2% and 8.1% respectively, because the natural gas price trend has been better for the North American average than for the widely quoted New York Mercantile Exchange near month futures. New capacity has made the continental pipeline transmission grid more efficient. We also raise estimated Net Present Value (NPV) for SJT to $23 a share from $21 because year-end 2009 reserves estimated by the independent engineer, disclosed on March 1, point to a longer life index of more than 15 years compared to 9 years previously. While we never believed the low number, it had a restraining influence on our estimate of NPV and perhaps stock price. Price Differentials Trend Up Regional price differentials are recovering from surprisingly wide discounts compared to the Henry Hub reference point in Louisiana. Each producer is typically active in more than one region and makes different adjustments to price. We can see the overall trend in the history and projections in two of our income groups. Natural gas transmission has some “common carrier” characteristics with “equal access” under government regulation. In a fully developed transportation system with ample capacity, the differences in price from region to region ought to be minimal, similar to commissions on securities transactions when trading is active. Major contributors to the current leveling include the completion of west to east pipeline capacity and new shale gas supply close to the Henry Hub. Raise NPV for SJT on Reserve Life Independent estimates of reserves for royalty trusts, like local government assessments on real estate, have conflicting implications. When estimates are low, tax payments are lower, but the suggested market value is also low. In the case of royalty trusts, investors claim depletion to reduce income taxes. A low ratio of reserves to production, as was the case for SJT a year ago, allows for more depletion and lower income tax payments. That could be an advantage to long-term owners. Yet when a low reserve life for a natural gas property, or a low assessed value for a house influences realized price, the owner who sells at that time may be disadvantaged. Technically, we calculate reserve life for SJT by scaling up the engineer’s estimate of royalty reserves by the ratio of working interest production to royalty interest production and dividing by 2010 working interest production. On the revised estimate, NPV for SJT looks more reasonable in the relationship of cash flow multiple and reserve life. Complete Story

The Face of Jesus Revealed

Link: http://www.nypost.com/p/entertainment… The History Channel is set to air a special before Easter “The Real Face of Jesus”. Using blood from The Shroud of Turin and other information, a 3-D computer simulation of the Christ's face is shown. Word is that He didn't have blue eyes! Read

Eazy-E ‘Paved The Way,’ MTV’s Sway Calloway Says

Fifteen years after Eazy’s death, MTV correspondent gives us some insight into his friend’s genius. Eazy-E Photo: Ruthless Records The appearance was rebellious, the music was revolutionary, the history is legendary. Eazy-E changed not just what we say in music and how we listen to it, but also the business of hip-hop. Friday (March 26) is the 15-year anniversary of Eazy-E’s death from AIDS complications. Eazy is still loved, and our very own Sway Calloway had the pleasure of calling E a friend. Here, Sway, in his own words, gives us insight into the genius of Eric “Eazy-E” Wright. Independent Thinker Eric “Eazy-E” Wright was a friend of mine. It was a certain appeal about Eazy-E. Little girls liked him. The revolutionaries liked him, because he spoke his mind. He was easy to market, and he had a distinct voice. I met him through his music first, through N.W.A. If you were from the West Coast, it was kinda like you idolized them because they were capable. They did things that other West Coast acts couldn’t do, and we didn’t know why. What was the ideology behind it? But those guys were able to bust through regional boundaries. And a lot of it, I found out later, had to do with Eazy-E Wright’s genius; the dude was a branding genius. He wasn’t necessarily a good rapper, admittedly so. He wasn’t a great producer, admittedly so. He was somebody who knew how to market music, and he knew how to build brands. At the time N.W.A came out, the majority of the music biz was being spearheaded from New York. All the platforms — from media to television to radio — you had to break in New York in order to get national recognition. The only thing was, you couldn’t really get record deals in New York if you weren’t from New York, because you didn’t have that New York swagger or New York accent, and the music business was basically being controlled from the East Coast. So Eazy-E created Ruthless Records, and through independent distribution, he was able to build an underground swell for his company and for N.W.A and create his own audience in a way no one had seen. Man, I remember that dude came to Oakland, California, and N.W.A was on this bill at the Oakland Coliseum that had Eric B. & Rakim, it had UTFO, it had Whodini on it and this group N.W.A, and they weren’t the opening act. And we didn’t understand: “How come they’re not the opening act?” They were just coming out at that time, and we found out later that Eazy-E was actually the promoter of that concert. So what he did by promoting that concert, he brought the other groups that already had brand recognition and audiences and he put his group in front of the same audience. They ripped the stage up, so when people walked away, instantly they knew who N.W.A was. He did that up and down the West Coast, and then he went into regions of the country that the West Coast appealed to, that also had disadvantages in terms of excelling in the music business, like the Midwest, Kansas City, the South, Texas. Then you start seeing companies like Rap-a-Lot Records came out, and they had Geto Boys, MC Breed. All these other artists start coming out from different places other than the East Coast. And even in the Southeast, you saw Luke Skywalker Records, started by Uncle Luke with his group 2 Live Crew. A lot of that was made possible because of Eazy-E’s influence. He kinda paved the way for independent-minded companies to come out and exist in this music business without having major distribution or major marketing budgets behind them. Since then, that’s just been the way of the West Coast. People just came out independent; they didn’t think major. Everlasting Influence What N.W.A did was what hip-hop was always meant to do: It was, as Chuck D put it, the CNN of the streets. So when hip-hop started spreading on a national level, it didn’t do it by mainstream means; it did it by word of mouth. And I think what Eazy-E was able to do was master that ideology in everything that he approached. Whether it was concerts, releasing music or merchandising, he became popular through word of mouth first. He didn’t have P1 stations, which are like the big radio stations in the major market, spinning his records in rotation. But he had the word on the street. And he built an organic swell. That was the way you had the most credibility. That was the way to be heard if you were a rap group back then. It wasn’t through the MTVs that you have now or BETs that you have now. It wasn’t through the major radio stations that you have now, like the Power 106s in LA and KMEL in the Bay or Hot 97s here in New York. It was through the streets. And if you could capture the streets, then you already had a built-in fanbase and that word of mouth spread was the best way to actually get exposure. Because he has independent means of getting his music out through one-stop distribution channels and small distributors like California Record Distributors and City Hall Distribution and George Daniel’s music room in Chicago, he was able to get into the mom-and-pop stores. He took care of the mom-and-pop stores before he took care of the big retail chains. Because of that, he was instantly in the ‘hood. He didn’t need the shine. Unfiltered Defiance One big component to [N.W.A’s] cause was their message. It was raw, gritty, truthful. People could identify with it. They represented a voice that came from the streets that wasn’t otherwise being heard. The key was he learned how to market it. They were called “N—as with Attitudes.” You got a group called N—as with Attitudes? Back then, it was unheard of. Even the name itself was shocking. That was bold, that was cocky, it was pompous. It was also empowering. They talked about police brutality, the government. They talked about things that went on that you wouldn’t know about unless you lived in the ‘hood. Some of it they glamorized, but we could all identify with it. There were girls who acted like “Strawberry, Strawberry.” There were crack-heads. There were dope dealers. There were people killing folks on a day-to-day basis. You weren’t hearing that in music. A combination of all those things is how he was able to sell all those records. It was unheard of. They did timeless things. Classic to me is when, whether it’s persona, music or different forms of art, is when you’re able to capture something in the moment that hadn’t been done. But you do it in a way that transcends geographical boundaries, ethnic boundaries, religious boundaries, and it appeals to everybody across the board. Something in their message still appeals to what we complain about in 2010. How has Eazy-E’s music impacted your life? Share your memories in the comments section below. Related Photos N.W.A. Founder Eazy E Remembered Related Artists N.W.A.

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Eazy-E ‘Paved The Way,’ MTV’s Sway Calloway Says

US Mastermind Credit Card Hacker Has Been Sentenced

Computer expert Albert Gonzalez has been imprisoned for 20 years in the US for his participation in stealing more than 130 million credit and debit card numbers. He was incriminated together with two Russian co-conspirators for hacking into the retailer payment system. According to the judge who sentenced him, this is the largest and most costly example of computer hacking in the history of United States. Albert Gonzalez is known to be a computer hacker and computer criminal. He is charged of masterminding and organizing the combined credit card theft. He was also the man behind the succeeding reselling of more than 170 million card and ATM numbers from the year 2005 until 2007. This has been the biggest fraud ever recorded in the history of US. The attacks done by Gonzalez and his conspirators started on December 2007 at Heartland Payment Systems, August 2007 in 7-11 store and American supermarket Hannaford Brothers in November 2007. Gonzalez and his team were reported to be targeting big companies and that they critically studied their check-out poles and planned on attacks through the companies internet-connected computers. According to the investigation, Gonzalez and his accomplices have used SQL injection and packet sniffer malware software to create backdoors to many corporate systems in order to access and steal computer data. In September 2009 in Miami, Gonzalez pleaded guilty at his trial. He confessed that due to too much curiosity and addiction he committed this heinous crime. As part of a plea bargain, he surrendered to the court some expensive jewelry, watches, his own car and home. He had also given cash amounting to $1million which he had buried in his parents’ garden. US Mastermind Credit Card Hacker Has Been Sentenced is a post from: Daily World Buzz Continue reading

President Obama signed the New Health Care Bill using 22 Pens

Tuesday, the much talked-about New Health Care Bill of USA has already been signed by their historic president, President Barack Obama. The bill has experienced a lot of turmoils and challenges before it has finally passed the congress Sunday Night. Just like any other significant laws that has been passed, signing of it by the President is really a headline. A major bill such as this is already taking its own part in the history of USA. In as much as the signing has been observed, the number of pens that the president will use is also significant. It a memorabilia of a historic. During this time, President Obama used 22 pens to be exact. He kept one for himself, 2 went to the Presidential Archives and the other 19 were given as mementos to those gathered around him during the signing. President Obama signed the New Health Care Bill using 22 Pens is a post from: Daily World Buzz Continue reading

Conservative journalist David Frum admits that the GOP screwed up concerning the health care bill

I know you are feeling good about today, but I encourage you to read this and allow yourself to feel even better! Conservatives and Republicans today suffered their most crushing legislative defeat since the 1960s. It’s hard to exaggerate the magnitude of the disaster. Conservatives may cheer themselves that they’ll compensate for today’s expected vote with a big win in the November 2010 elections. But: (1) It’s a good bet that conservatives are over-optimistic about November – by then the economy will have improved and the immediate goodies in the healthcare bill will be reaching key voting blocs. (2) So what? Legislative majorities come and go. This healthcare bill is forever. A win in November is very poor compensation for this debacle now. So far, I think a lot of conservatives will agree with me. Now comes the hard lesson: A huge part of the blame for today’s disaster attaches to conservatives and Republicans ourselves. At the beginning of this process we made a strategic decision: unlike, say, Democrats in 2001 when President Bush proposed his first tax cut, we would make no deal with the administration. No negotiations, no compromise, nothing. We were going for all the marbles. This would be Obama’s Waterloo – just as healthcare was Clinton’s in 1994. Only, the hardliners overlooked a few key facts: Obama was elected with 53% of the vote, not Clinton’s 42%. The liberal block within the Democratic congressional caucus is bigger and stronger than it was in 1993-94. And of course the Democrats also remember their history, and also remember the consequences of their 1994 failure. This time, when we went for all the marbles, we ended with none. (You can read the rest of Frum’s article here ) I have made this point over and over again on this blog. The reason the Republicans fought so hard, and played so dirty, is because they knew that passing this bill would be extremely helpful to the Democrats in the long run. When they saw it getting closer and closer to passing the Republicans and the Teabaggers, became more and more horrified that after this was passed, without their support, they would be marginalized or even cease to exist. I don’t how long it will take before

Exclusive: The Book Proposal for Larry Flynt’s History of Presidential Sex [History]

A tipster sent us the proposal for One Nation Under Sex , Larry Flynt ‘s forthcoming history of White House coitus . And it’s not bad! Did you know that “George Washington was a famous swordsman in more ways than one”? You’ll be happy to know that One Nation will be “academically sourced,” so Flynt’s claims that Abraham Lincoln and James Buchanan were gay and that Louis Brandeis got his Supreme Court sear by blackmailing Woodrow Wilson over a mistress are totally true. You can read the whole thing below. Flynt doesn’t offer any bombshells—it’s more of a breezy overview of old rumors about what George Washington, Thomas Jefferson, Andrew Jackson, John F. Kennedy, and others did and didn’t do with their penises. (Sadly, the word “Nixon” appears nowhere in the document.) And it promises a polemic on how once “Americans finally realize that we really do live in One Nation Under Sex , I’m confident we will be able to fulfill the promise of the Pledge of Allegiance.” Flynt compares the book to Howard Zinn’s A People’s History of the United States , but we’re pretty sure Zinn never wrote sentence like this: “How did this president from Pennsylvania become so proslavery? In two words: Gay Love.” History comes alive!

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Exclusive: The Book Proposal for Larry Flynt’s History of Presidential Sex [History]

Spy Sex

Link: http://www.foreignpolicy.com/articles… All the more reason to fulfill that childhood dream… [ Ed Note : All you ever wanted to know about the history of spies using sex to steal secrets. Spies and sex: Two of the best inventions ever. So good together.] Read

Todrick Hall Was Planning To Dance On ‘American Idol’ Next Week

‘I was going to be the first contestant to actually do a dance break,’ he says. By Katie Byrne Todrick Hall performs on “American Idol” Photo: Frank Micelotta/ Getty Images Todrick Hall stumbled a bit during his first “American Idol” live performances, but he seemed to hit his stride with a bombastic version of Queen’s “Somebody to Love” this week. Unfortunately, the “Idol” viewers repaid him by sending him on his way Thursday night, along with Lilly Scott , Alex Lambert and Katelyn Epperly . We caught up with Hall on Friday (March 12) to talk about why he was eliminated, how he got sucked into the rumor mill and what’s next. Q : Were you surprised to be eliminated after your best live performance? A : I feel like I should have done that a couple weeks earlier. The problem is, I’m an African-American male, as you call tell from watching me on TV. [ Laughs. ] … I got so many messages saying, “Sing Usher. Sing Chris Brown. Sing Brian McKnight. Sing Ne-Yo, Stevie Wonder, any black artist basically that you can sing, because that’s your demographic.” But that’s not the kind of music that I want to sing, so I’m happy that I stayed true to myself, but I kinda feel if I had just sang the cookie-cutter songs that people would have expected me to do and not gone so far out there with the clothes and the performing and would have just been a normal guy that got up there and sang semi-decent, I feel like I would have done better. But I’m happy that I stayed true to myself, because I think that is the most important. I would not have been happy doing anything else. Q : Do you think your theater background worked against you on the show? A : I do honestly feel that way, and it’s said to say, but when people know certain things about you, it’s kinda hard to shake those things. But I just told someone today that I feel if Lady Gaga, who is one of the most successful artists out right now, if she was on “American Idol,” I don’t think that they would have good things to say about her. … I do think that they want you to be out of the box and they kept telling me that I was changing things too much, but I would hear them tell people they’re not changing enough and not making it their own. You have to try and find that line of when is it not changing it too much and when is it being too cookie-cutter and being a karaoke version, which sometimes they’re OK with and sometimes they’re not. I feel like I was true to myself, and I feel I’ll be rewarded for being different in the end. Q : What did you do after your elimination? A : I just took a deep breath and thought, “What do I do next? Pick yourself up.” I’ve grown up in theater, and I always know there are no’s. … I was more concerned about Alex and some of the people who had not necessarily gone through this. Q : There have been a lot of online reports about you being involved in a scam surrounding “Oz, the Musical.” Can you explain that? A : I’m so glad that I can talk about it now. It wasn’t a good time to talk about it when I was on “American Idol,” because I just needed to focus on the show, but I do want everybody to know, I’m not a scam artist. I am a nice person. No 23-year-old that I know in the history of the world has ever had to put on a show, and I think if they think about that, they’ll realize I’m just an ambitious kid that got wrapped up with a producer that didn’t really know what he was doing. I didn’t really know what I was doing. I allowed my name to be attached to it, but I’m gonna get on the phone on Monday and hopefully call a lot of those people, because I do want to go there, and I love kids, and I wouldn’t want people to think negatively of me in that way, and I think the show is going to happen again and that we’ll be able to fix that situation. And there won’t be no more negative press. Just for the record, I was just the writer and director/choreographer. I did not produce that show. I never had any of that money. I never dealt with any of the money side of the show. Q : Did you know what you would sing for the Rolling Stones theme week? A : I was gonna sing “I Can’t Get No Satisfaction.” I was gonna dance for the very first time. They kept yelling at me for dancing, then Ellen, the very last week, said, “I think you should dance,” so I was going to be the first contestant to actually do a dance break, like Crystal Bowersox does her harmonica type of thing and the guitar and people have beatboxed. But no one ever danced, and I was looking forward to doing that. Were you sad to see Todrick go? Will you listen to his post-“Idol” music? Let us know! Get your “Idol” fix on MTV News’ “American Idol” page , where you’ll find all the latest news, interviews and opinions. Related Videos Meet The ‘American Idol’ Top 12 ‘American Idol’ In 60 Seconds Related Photos ‘American Idol’ Top 12 Party ‘American Idol’ Season Nine Performances

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Todrick Hall Was Planning To Dance On ‘American Idol’ Next Week

Adrianne Curry Shows Off How Flexible She is of the Day

You may not remember who Adrianne Curry is because she’s pretty much a fucking nobody who was on TV 10 years ago for some Next Top Model, Surreal Life and Very Brady Wedding…because she “fell in love” with one of the dude on the Brady Bunch….not that her history really matters…I was just tyring to let you know why I was posting this in case you thought I turned the site completely into pictures of everyday girls trying to be sexy and get noticed because no one has given her a big break yet…which isn’t a horrible idea for a site since millions of girls want to get noticed…but I’m lazy…and convincing girls I can help them is too time consuming since dealing with girls is like dealing with trying to change a retarded kids diaper…it’s tedious… That said, here’s a picture this trash posted on Twitter, because those 40,000 people are all she has left these days, and I’d message her to tell her how ugly, useless and un appealing wrapping her foot behind her balding fucked up face is, but she blocked me….cuz all the low level pussy block me cuz they take themselves way too seriously…so don’t let this picture make you think she’s all sponaneous and fun, or even a circus performer worth fucking…it’s all strategic to brain wash you into remembering her…and giving her another chance despite the fact that she’s ugly…. I used to have a girl who did this shit naked for me…it was like a little circus performer and coulda been exciting if her pussy wasn’t so meaty and didn’t look like she was some kind of alien trying to eat me….making me happy this big headed curry has pants on…despite my love for pussy…cuz it just doesn’t look write in this stance… I’ve wrote way too much on this ugly bitch, I don’t know why, but the good news it is as boring as she is…

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Adrianne Curry Shows Off How Flexible She is of the Day