Wall Street Journal Headlines – October 6, 2017 by @FrankCunhaIII

  1. Russian Hackers Steal NSA Spy Secrets
  2. US Shale Companies Ease Up on Drilling
  3. End year at 9.69 million barrels a day, down from 9.82
  4. Amazon.com
    • Hiring 50,000 office workers, mostly software developers
  5. Illegal Entry to US Gets Rarer, Riskier
    • President’s harder line, longer-term trends make SW border tougher to sneak across
  6. Price Pressures for Renters Begins to Ease Down
    • Those that spend more than 30% of incomes on rent
    • Fell from 48.9% to 47.7% between 2012 and 2015
  7. Iraq Drives ISIS From Stronghold
  8. Turkey Arrests US Consulate Worker
  9. Saudis, Russia Get Closer
  10. NATO to Increase Funding for Counterterror Programs
  11. Catalan Parliament Session Blocked
  12. Prospects for a Gun – Measure Deal Grow
  13. Legislation restricting rifle accessory used in L.V. gunman draws GOP support
  14. Columbia Sets $100M to Diversify Faculty
  15. Ishiguro’s Quiet Power Claims the Nobel Prize
  16. Opinion – Why America Needs Tax Reform
  17. Trump needs to stress the growth payoff and rebut falsehoods from critics at the Tax Policy Center.
  18. Finge Clips Rank High on YouTube
    • Google looking to promote more reliable content
  19. Uber Steers Steadier Course
  20. Forget bitcoin, IMFcoin could be the digital future of SDRs
    • IMF – International Monetary Fund
    • SDR – Special Drawing Rights (ISO 4217currency code XDR, also abbreviated SDR) are supplementary foreign-exchange reserve assets defined and maintained by the International Monetary Fund (IMF). The XDR is the unit of account for the IMF, and is not a currency per se.
  21. Ship Building Alliance to Target Asia
  22. SpaceX Aims to Launch at Fast Pace
    • Planning 30 launches next year (50% of total)
    • There are about 60 launches each year
  23. Netflix Raises Prices as Content Tab Balloons
  24. Honeywell Pursues Purchase of Evoqua
    • Honeywell International Inc. is an American multinational conglomerate company that produces a variety of commercial and consumer products, engineering services and aerospace systems for a wide variety of customers, from private consumers to major corporations and governments. The company operates four business units, known as Strategic Business Units – Honeywell Aerospace, Home and Building Technologies (HBT), Safety and Productivity Solutions (SPS), and Honeywell Performance Materials and Technologies.
    • Evoqua is the global leader in helping municipalities and industrial customers protect and improve the world’s most fundamental natural resource: water. We have a more than 100-year heritage of innovation and industry firsts, market-leading expertise, and unmatched customer service. Our cost-effective and reliable treatment systems and services ensure uninterrupted quantity and quality of water, enable regulatory and environmental compliance, increase efficiency through water reuse, and prepare customers for next-generation demands.
  25. Nostalgic Beef Slogan Makes Cut
    • “It’s What’s For Dinner” Slogan
    • Beef consumption in the US declined 15% in the decade through 2015
  26. Facebook Cut Russia from Report on Election
    • FB under fire for playing down role of influence campaigns
  27. Equifax timeline Criticized
  28. New Federal Rule Clamps Down on Payday Loans
  29. OPEC Pushes Russia to Stick to Plan
    • The Organization of Petroleum Exporting Countries is a group consisting of 12 of the world’s major oil-exporting nations.
    • OPEC was founded in 1960 to coordinate the petroleum policies of its members, and to provide member states with technical and economic aid.
  30. Treasury Yields Climb to 3-Month High
  31. Financial, Tech Stocks Fuel Rally
  32. Data Center Firm “Switch” Prices IPO Above Range, Raises $531 Million
    • Switch Inc.
    • Pricing is latest sign of strengthening in tech initial public offering space.
    • The data-center company that powers businesses of Amazon.com Inc., eBay Inc. and other tech companies is the latest to cash in on a renewed interest among investors in technology IPOs.
    • After pricing above the $14-to-$16 range it initially outlined to investors, Las Vegas-based Switch Inc.’s initial public offering raised roughly $531 million Thursday, excluding shares allotted to underwriters.
    • Shares sold at $17 apiece, valuing the company at roughly $4.2 billion.
    • NASDAQ
    • IPO Price
  33. Gold Loses Luster as Global Angst Eases
  34. Bad Timing for Monte Dei Paschi
    • Banca Monte dei Paschi di Siena
    • Known as BMPS or just MPS is the oldest surviving bank in the world and the third largest Italian commercial and retail bank by total assets.
    • BMPS and Banco BPM, Banco BPM overtook BMPS as the third largest bank in terms of total assets on 31 December 2016. Since the end of 2016, BMPS has been struggling to avoid a collapse.
    • Founded in 1472 (545 years ago) by the magistrates of the city state of Siena, Italy, as a “mount of piety”, it has been operating ever since. In 1995 the bank, then known as Monte dei Paschi di Siena, was transformed from a statutory corporation to a limited company called Banca Monte dei Paschi di Siena (Banca MPS).
    • The Fondazione Monte dei Paschi di Siena was created to continue the charitable functions of the bank and to be, until the bailout in 2013, its largest single shareholder.
    • Today Banca MPS has approximately 2,000 branches, 26,000 employees and 5.1 million customers in Italy, as well as branches and businesses abroad. A subsidiary, MPS Capital Services, handles corporate and investment banking.
  35. This Market Bubble Isn’t Everything It Appears to Be
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Architect’s Sketchbook – Montclair State University (Sketches by @FrankCunhaIII, 2017)

College Hall is where the history and the future of Montclair State meet. It’s where every student’s college journey begins with Undergraduate Admissions and ends with the submission of their final audit to the Office of the Registrar for graduation.

College Hall is where it all started. Back in 1903, the New Jersey State Normal School in Trenton could no longer support New Jersey’s growing need for qualified teachers by itself, so the state approved plans for a new normal school to serve northern New Jersey. (A normal school was a post-secondary school devoted to training teachers.) And in 1908, the New Jersey State Normal School at Montclair admitted its first students.

College Hall’s Spanish mission-style architecture, which was adopted for other buildings on campus, was the inspiration of benefactor Edward Russ, a member of the New Jersey State Board of Education who liked buildings he saw on a trip to California. So he integrated the style into plans for College Hall, complete with red-tile roofs—a look that lives on in campus construction today.

In the beginning, College Hall housed almost everything—administrative offices, classrooms, a library and a gym. Today, it is Montclair State’s administrative hub, housing the offices of the President and the Provost, University Advancement, Admissions, the Registrar, the Graduate School and more.

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Dedicated to the first president of Montclair State, Charles S. Chapin, in 1928, it is one of the original buildings of the Montclair State Normal School. This former residence hall was renovated in 1974, and again in 2009, and is now the home of the John J. Cali School of Music. The Leshowitz Recital Hall is also located in Chapin Hall.

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Russ Hall was built in 1915 and served as the first residential facility of the State Normal School at Montclair, now of course known as Montclair State University. Converted at one point to an administrative building and then later renovated back to a residence hall, Russ Hall provides suite-style accommodations for approximately 100 students.

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IMG_2253Dedicated to Allan C. Morehead, an alumnus and former professor, executive vice president and provost at Montclair State. Morehead Hall was used as a demonstration high school from 1929 to 1973. It now houses several student support services offices.

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Ophiuchus: The Serpent Bearer (Playing With Numbers)

Whether it is because I have OCD or because I was raised Catholic and am fascinated with numbers, take for example the number 13 which is the number of letters I have in my name: FRANK CUNHA III (without the spaces); Some say that the concept of Friday 13 being an unlucky day is linked with events that occurred in the Christian Bible, and they interpret that these events occurred on a Friday. Examples include the great flood during the time of Noah, the confusion of languages at the Tower of Babel, the day Eve tempted Adam with the apple, and the day Jesus Christ died.   But I digress, the point of this post is to memorialize my ability to finally record (albeit partially) the shadow of Ophiuchus cast onto the concrete pad at a popular sculpture located at Montclair State University.  I first heard about the sculpture from a studio professor at NJIT (Don Wall, friend to John Hedjuk).  I believe Don Wall was trying to stress the importance of context, spatial relations, and the memorialization of event in the design of Architecture.  I was finally able to capture the shadow after more than 10-years (I simply kept missing it as life passed by).  But here it is…..finally! 
(Click Image to See Larger Version)


Ophiuchus: The Serpent Bearer” sculpture by former professor Mac Adams is located adjacent to Finley Hall and Sprague Library. It is a fusion of art and science. “Technically, the shadow sculpture is made of steel wedges, bars and disks that seemingly mean nothing sensible,” Rodriguez explained. “However, the breathtaking image emerges when the summer sun casts the shadow of the work from noon to approximately 1:15 p.m. between May and July of each year.  (See other sculptures located at MSU.)

Because of the partial overlap of the constellation Ophiuchus and the Sun’s path upon which zodiacal longitude is based, Ophiuchus is sometimes mistakenly referred to as the ’13th sign of the Zodiac’. This is an inappropriate reference since the zodiac is a division of the ecliptic into twelve equal parts, initially originated for calendrical purposes. This makes the notion of a ’13th sign’ a mathematical impossibility. It is only correct to refer to Ophiuchus as one of the constellations which cross the zodiac; which does not constitute a zodiacal sign, of which all historical records acknowledge only twelve.