Wikinews interviews Australian blind Paralympic skier Melissa Perrine

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Monday, December 10, 2012

Vail, Colorado, United States — Yesterday, Wikinews sat down with Australian blind Paralympic skier Melissa Perrine who was participating in a national team training camp in Vail, Colorado.

((Wikinews)) This is Melissa Perrine. And are you like Jess Gallagher and just here training and not competing?

Melissa Perrine: I’m not competing right now.

((WN)) And you competed in 2010 in Vancouver?

MP: I did. Yeah.

((WN)) And who was your guide?

MP: Andy Bor.

((WN)) Why a male guide? He’s got to have different skis, and he can’t turn exactly the same way.

MP: I think that with me it was just that Andy was the fittest person that was with the team when I came along. He used to be an assistant coach with the team before I started with him.

((WN)) And you guys have a good relationship?

MP: Yeah!

((WN)) Like a husband and wife relationship without the sex?

MP: No, not at all. (laughs) Older brother maybe. Good relationship though. We get along really well.

((WN)) So have you ever lost communications on the course in an embarrassing moment?

MP: We ski courses without communications. (unintelligible)

((WN)) You’re a B3 then?

MP: I’m a B2.

((WN)) So you can see even less than Jessica Gallagher.

MP: Yes.

((WN)) How do you ski down a course when you can’t even see it?

MP: Andy!

((WN)) You just said you had no communications!

MP: Oh, I just have to be a lot closer to him.

((WN)) So if he’s close enough you can overcome that issue?

MP: Yeah.

((WN)) Why are you doing skiing?

MP: Why? I enjoy it.

((WN)) You enjoy going fast?

MP: I love going fast. I like the challenge of it.

((WN)) Even though you can’t see how fast you’re going.

MP: Oh yes. It’s really good. It’s enjoyable. It’s a challenge. I love the sport, I love the atmosphere.

((WN)) I’ve asked the standing skiers, who’s the craziest Paralympic skiers? Is it the ones who are on the sit skis, the blind ones or the ones missing limbs?

MP: I probably think it’s the sit skiers who are a bit nuts. I think we all think the other categories are a bit mental. I wouldn’t jump on a sit ski and go down the course. Or put the blindfold on and do the same thing.

((WN)) B1 with the black goggles. Is your eye sight degenerative?

MP: No, I’m pretty stable.

((WN)) Not going to become a B1 any time soon?

MP: Oh God, I hope not. No, I’m pretty stable so I don’t envision getting much blinder than I am now unless something goes wrong.

((WN)) And you’re trying for Sochi?

MP: Definitely.

((WN)) And you think your chances are really good?

MP: I think I’ve got a decent chance. I just have to keep training like I have been.

((WN)) Win a medal this time?

MP: I’d like to. That’s the intention. (laughs)

((WN)) Do you like the media attention you’ve gotten? Do you wish there was more for yourself and winter sports, or of women athletes in general?

MP: I think that promoting women in sport and the winter games is more important than promoting myself. I’m quite happy to stay in the background, but if I can do something to promote the sport, or promote women in the sport, especially because we’ve got such a small amount of women competing in skiing, especially in blind skiing. I think that’s more important overall.

((WN)) Most skiers are men?

MP: There’s more men competing in skiing, far more. The standards are a bit higher with the males than with the females.

((WN)) The classification system for everyone else is functional ability, and you guys are a medical classification. Do you think you get a fair shake in terms of classification? Are you happy with the classification?

MP: I think I’m happy with it, the way it’s set out. With vision impairment I’m a B2, against other B2s. It may be the same category, but we have different disabilities, so there’s not much more they can do. I think it’s as fair as they possibly can.

((WN)) You like the point system? You’re okay with it? Competing against B1s and B3s even though you’re a B2?

MP: The factors even all that out. The way they’ve got it at the moment, I don’t have any issues with them, the blind categories.

((WN)) What was it that got you skiing in the first place?

MP: An accident, basically. Complete by chance. A friend of mine in the Department of Recreation used to run skiing camps in the South West Sydney region, and she had a spare spot at one of the camps. Knew that I was vision impaired, and: “Do you want to come along?” “Yeah, why, not, give it a go.” This was back when I was about twelve, thirteen. I went, and I loved it. Went back again, and again, and again. And for the first five or six years I just skied for like a week a season sort of thing, like, you’re on a camp. Fell in love with the sport; my skiing and the mountain atmosphere, I love it, and then, when I finished my HSC, I decided to take myself off to Canada, and skiing Kimberley, the disabled race program that was run by the ex-Australian who coaches Steve Boba, and I’d heard about it through Disabled Winter Sports Australia. And I thought I’d spend some time in Canada, which is for skiing, and had a year off between school and uni, so… first time I ran through a race course actually. It was pretty awesome. So I went back again the next year, and Steve [Boba] recommended me to Steve [Graham], and he watched me skiing in September in the South Island, and invited me on a camp with the Australian team, and I trained for Vancouver, and I qualified, and I said “sure, why not?” And here I am!

((WN)) So you liked Vancouver?

MP: It was just an amazing experience. I came into Vancouver… I had quite a bad accident on a downhill course in Sestriere about seven weeks out from the games, and I fractured my pelvis. So, I was coming into Vancouver with an injury and I had only just recovered and was in quite a lot of pain. So it was an amazing experience and I was quite glad I did it, but wish for a different outcome.

((WN)) So you are more optimistic about Sochi then?

MP: Yes.

((WN)) One of the things about skiing is that it’s really expensive to do. How do you afford to ski given how expensive it is? And the fact that you need a guide who’s got his own expenses.

MP: I’m lucky enough to rank quite high in the world at the moment, so due to my ranking I’m awarded a certain amount of funding from the Australian Sports Commission, which covers my equipment and expenses, and the team picks up training costs and travel costs. All I’ve got to pay for is food and my own equipment, which is good, so I’ve managed to do it a budget.

((WN)) What do you do outside of skiing, because you look kind of young? And you being not like, 30 or 40?

MP: I’m 24. I’m a student still.

((WN)) Which university?

MP: University of Western Sydney. It’s my third university degree. I’ve completed two others prior to this one that I’m doing now.

((WN)) Which degree? That you’re currently pursuing.

MP: Currently, physiotherapy.

((WN)) Because of your experience with sport?

MP: Not really, except that my experience with sport certainly helped my interest and kind of fueled a direction to take in the physiotherapy field when I’m finished my degree, but more the medical side of injury, rehabilitation that got me interested in physiotherapy to begin with, burns rehabilitation and things like that.

((WN)) You view yourself a full-time student as opposed to a full-time professional skier.

MP: Not really. I’m a student when uni’s on and when uni’s finished I’m a skier. The way that the term structure is in Australia it gives me all this time to ski. The uni starts at the end of February and goes to the beginning of June, and then we’ve got a six or seven week break until beginning or mid-August, and uni starts again then, and we go up to mid way through November, and then we’ve got a break again. Skiing fits in very nicely to that.

((WN)) What’s the route for qualification to Sochi for you.

MP: Just maintaining my points. At the moment I’ve qualified. I just need to maintain my points, keep my points under, and then I qualify for the Australian team.

((WN)) So there’s a chance they could say no?

MP: If I’m skiing really badly. An injury.

((WN)) Or if you’re like those Australian swimmers who had the guns…

MP: I’ve no sign of picking up a gun any time soon. Giving a blind girl a gun is not a good idea. (laughs)

((WN)) It just seemed to us that Sochi was so far away on out hand, and yet seemed to be in everybody’s mind. It’s on their program. Sixteen months away?

MP: Yes, something like that. Sixteen. I think it’s been on our mind ever since Vancouver was over and done with. Next season, that was that, it was like: “what are our goals for the next four years?” And it was, “What are our goals for the next three years and two years?” And subsequently, next season, it’s Sochi. What we need to work on, what we need to accomplish for then, to be as ready as possible.

((WN)) What is your favourite event of all the skiing ones? You like the downhill because it’s fast? Or you like Giant Slalom because it’s technically challenging? Or…

MP: I prefer the speed events. The downhill; frightens me but I do love the adrenalin. I’m always keen to do a downhill. But I think Super G might just be my favourite.

((WN)) Do you do any other adrenalin junkie type stuff? Do you go bungee jumping? Jumping out of airplanes? Snowboarding?

MP: I don’t snowboard, no. I have jumped out of a plane. I thought that was fun but downhill has got more adrenalin than jumping out of a plane, I found. I do mixed martial arts and judo. That’s my other passion.

((WN)) Have you thought of qualifying for the Summer [Para]lympics in judo?

MP: As far as I know, Australia doesn’t have a judo program for the Paralympics. But, if I ever get good enough, then sure.

((WN)) They sent one.

MP: They’ve sent one, and he’s amazing. He beats up blind guys, able bodieds, quite constantly. I’ve seen video of him fight, and he’s very very good. If I ever reach that level, then sure, it’s something I’d look into it.

((WN)) Does judo help with your skiing?

MP: Yes, it increases my agility and balance, and strength, for sure.

((WN)) I want to let you get back to changing. Thank you very much.

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Latest trial of the One Laptop Per Child running in India; Uruguay orders 100,000 machines

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Thursday, November 8, 2007

India is the latest of the countries where the One Laptop Per Child (OLPC) experiment has started. Children from the village of Khairat were given the opportunity to learn how to use the XO laptop. During the last year XO was distributed to children from Arahuay in Peru, Ban Samkha in Thailand, Cardal in Uruguay and Galadima in Nigeria. The OLPC team are, in their reports on the startup of the trials, delighted with how the laptop has improved access to information and ability to carry out educational activities. Thailand’s The Nation has praised the project, describing the children as “enthusiastic” and keen to attend school with their laptops.

Recent good news for the project sees Uruguay having ordered 100,000 of the machines which are to be given to children aged six to twelve. Should all go according to plan a further 300,000 machines will be purchased by 2009 to give one to every child in the country. As the first to order, Uruguay chose the OLPC XO laptop over its rival from Intel, the Classmate PC. In parallel with the delivery of the laptops network connectivity will be provided to schools involved in the project.

The remainder of this article is based on Carla G. Munroy’s Khairat Chronicle, which is available from the OLPC Wiki. Additional sources are listed at the end.

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“Genius” award recipient and other luminaries campaigning for worldwide renunciation of war

Category : Uncategorized

Friday, January 13, 2006

In a recent ZNet Commentary, Howard Zinn wrote that a group of people, including Gino Strada, Paul Farmer, Kurt Vonnegut, Nadine Gordimer, and Eduardo Galeano, are promoting the creation of worldwide gatherings to renounce war. Their intention, according to Zinn, is to make worldwide renunciation of war so popular that halting existing wars and preventing the beginning of new wars is politically irresistible.

In his article, After This War, Zinn asks, “should we not think beyond this war? Should we begin to think, even before this shameful war is over, about ending our addiction to massive violence, and using the enormous wealth of our country for human needs?” He goes on to talk of ending not just “this war or that war but war itself. Perhaps the time has come to bring an end to war, and turn the human race onto a path of health and healing.”

The five people have been actively involved in global issues for many years and have a solid track record of accomplishments on the world stage.

Dr. Gino Strada is a war surgeon and the founder of Emergency, a nonprofit, humanitarian organization dedicated to providing assistance to civilian victims of war. His recent book Green Parrots: A War Surgeon’s Diary helped persuade Italy to abandon the use and manufacture of a flying anti-personnel mine.

Dr. Paul Farmer is a Harvard professor and practicing physician. In 1987, he helped found the worldwide health organization Partners in Health, which treats some of the poorest people on Earth. Dr. Paul Farmer has received a “genius” award from the MacArthur Foundation.

Kurt Vonnegut is an American writer and humanist, currently serving as Honorary President of the American Humanist Association. As a WWII prisoner of war in Dresden, Germany, Kurt witnessed the fire bombing of Dresden. This event formed the core of his book Slaughterhouse-Five. In a column for In These Times, he began “… our leaders are power-drunk chimpanzees … the morale of our soldiers fighting and dying in the Middle East … like so many bodies, is already shot to pieces. They are being treated, as I never was, like toys a rich kid got for Christmas.”

Nadine Gordimer from South Africa received the 1991 Nobel Prize in literature and 1974 Booker Prize. She received worldwide praise for her leadership for South Africa to re-examine and replace its long held racist policy of apartheid.

Eduardo Galeano’s books combine history, political analysis, journalism and fiction. “I’m a writer obsessed with remembering, with remembering the past of America … condemned to amnesia. The Open Veins of Latin America is one of Galeano’s works covering the exploitation of Latin America by foreign powers from the 15th century onwards.

Both Nadine and Eduardo’s books are recognized by the Great Books Foundation as among the top 40 books in Citizens of the World: Readings in Human Rights. We Say No by Eduardo Galeano and Comrades by Nadine Gordimer are listed there along with the Emancipation Proclamation of Abraham Lincoln, Independence by Mahatma Gandhi, the Universal Declaration of Human Rights, and Letter from Birmingham Jail by Martin Luther King Jr.

Howard Zinn is a U.S. historian, political scientist and author of fifteen books. Howard writes, “In a world of clashing interests—war against peace, nationalism against internationalism, equality against greed, and democracy against elitism—- it seems to me both impossible and undesirable to be neutral in those conflicts. I do not claim to be neutral, nor do I want to be… . I will try to be fair to opposing ideas by accurately representing them.”

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US Supreme Court rules video games are protected speech

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Wednesday, June 29, 2011

In a 7-2 decision handed down on Monday, the US Supreme Court struck down California’s violent video game law and ruled that video games are protected speech covered by the First Amendment. The California law banned the sale and rental of violent video games to minors.

The underlying question was whether the violence in video games has the ability to affect children more than violence in other media, such as books, movies, plays and other forms of entertainment.

Video games qualify for First Amendment protection. Like protected books, plays, and movies, they communicate ideas through familiar literary devices and features distinctive to the medium.

Justice Antonin Scalia, writing for the majority, said that depictions of violence have never been regulated by the US government. Thus violent videos are not to fall under government control as does pornography but is to be accorded the same First Amendment protections as other forms of entertainment. The sale of violent video games is not to be criminalized and California’s attempt to do so was “unprecedented and mistaken.” Scalia noted, referring to fairy tales, that “the books we give children to read—or read to them when they are younger—contain no shortage of gore.”

[T]he books we give children to read—or read to them when they are younger—contain no shortage of gore.

The beginning of the decision states, “Video games qualify for First Amendment protection. Like protected books, plays, and movies, they communicate ideas through familiar literary devices and features distinctive to the medium. And ‘the basic principles of freedom of speech…do not vary’ with a new and different communication medium.”

“The most basic principle—that government lacks the power to restrict expression because of its message, ideas, subject matter, or content, Ashcroft v. American Civil Liberties Union, 535 U. S. 564, 573—is subject to a few limited exceptions for historically unprotected speech, such as obscenity, incitement, and fighting words. But a legislature cannot create new categories of unprotected speech simply by weighing the value of a particular category against its social costs and then punishing it if it fails the test.”

The justices were not convinced by the existing research that the interactive nature of video games pose a greater risk to society because of their interactive nature. None of the results of the existing research put before the court showed that violent games cause violent behavior. “Psychological studies purporting to show a connection between exposure to violent video games and harmful effects on children do not prove that such exposure causes minors to act aggressively. Any demonstrated effects are both small and indistinguishable from effects produced by other media. Since California has declined to restrict those other media, e.g., Saturday morning cartoons, its video-game regulation is wildly under-inclusive, raising serious doubts about whether the State is pursuing the interest it invokes or is instead disfavoring a particular speaker or viewpoint.”

According to Nadine Kaslow, professor and chief psychologist at Emory University Department of Psychology and Grady Hospital, the evidence regarding the effects of violent video games is mixed. While there is evidence to suggest that exposure of children to violence results in more aggressive and less pro-social behavior, some studies show there is no negative effect, she said. She point out that toy guns were popular and parents monitored whether toy guns were allowed in the home.

This ruling does not prevent private retailers from placing restrictions on their sale of video games. The video game industry currently has its own rating system, much like that used for movies, and educates retailers in using the rating system to prevent minors from buying mature-rated games. According to PC World the industry’s compliance is better than that of other entertainment industries. Further, parental controls have been added to game consoles.

The view of the Entertainment Software Association that a better strategy is the education of parents rather than court battles.

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Category:April 23, 2010

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? April 22, 2010
April 24, 2010 ?
April 23

Pages in category “April 23, 2010”

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Role Of Landscape Architects

byalex

One of the major roles of landscape architects is to make gardens, parks, residential areas, commercial campuses, and parking spaces, beautiful. Not just these few areas, but, the architects beautify many such areas and spots and contribute towards making a place beautiful and harmonious with the nature. Such professionals plan the placement of roads, houses, commercial spaces, parks, trees, and walkways. In addition to these, landscape architects sometimes plan and design the restoration of wetlands, mined areas, forests, and grasslands. Thus, they make sure that natural elements are not affected in due course of development.

Another major role of landscape architects is to work in close collaboration with other professionals associated with the construction and renovation project. The architects will work in close collaboration with the engineers, landscapers, surveyors, and scientists. Together they try to find a way to do sustainable development, without harming the nature. An important task of the landscape architects is to make a detailed plan comprising information related to typography, climate, vegetation, and other landscaping details. Such plans also include details about decorative items, fountains, and features to be used for the project. Such a report should give you an idea of the result of such a project. You can proceed if only you are satisfied with the plan made by the professionals. Thus, there can be frequent changes to this plan.

Landscape architects follow laws of the state or region you stay in while making designs for landscaping. They also use the latest techniques and technologies to make plans for landscaping. Reputed architects use computer aided design or CAD to make the designs and plans. In addition to that, they also use geographic information systems (GIS) technology for mapping the area.

Different landscape architects specialize in different sectors. While there are some who are specialized in garden landscaping, there are others who can beautify streets and highways in the best possible manner. Therefore, the role of such professionals varies with specialization. Before hiring such professionals, you need to consider the factor of specialization. This will help you to choose the right landscapers.

So, you can see that there are multiple roles played by the landscape architects. Round Rock houses a few of the best architects. However, you should not choose such a professional without researching well. Finding the right professionals is very important if you want your house, office, or campus to be functional and aesthetically appealing at the same time.

Landscape architects Round Rock – Are you seeking landscape architects? Round Rock based Baker-Aicklen & Associates, Inc. is a company where you can find experienced landscape architects.


Kara Tointon and Artem Chigvintsev win UK Strictly Come Dancing

Category : Uncategorized

Monday, December 20, 2010

British actress Kara Tointon and her Russian dance partner Artem Chigvintsev have become the winners of the latest series of the BBC Television programme Strictly Come Dancing. The pair won the dancing show on Saturday, leaving British television presenter Matt Baker and his Kazakhstani dance partner Aliona Vilani in second place.

It’s just the most special thing that I’ve ever achieved.

Bookmakers had considered this dancing duo to be the most likely to win the series. Meanwhile, Australian actress Pamela Stephenson finished in third place along with her British dance partner, James Jordan. It was ultimately a public vote that determined the results.

Upon winning, Tointon proclaimed: “It’s just the most special thing that I’ve ever achieved.” In reference to Chigvintsev, she exclaimed: “I want to thank this man, he’s been absolutely wonderful.” Talking about the experience, she commented: “I’ve met the most fantastic friends in my life and this has been the most special experience for me.” Chigvintsev then declared to Tointon: “You’re amazing.” Baker described the dancing pair as “worthy winners, without any doubt”, saying: “If I was at home I’d be voting for you, too.”

Earlier in the final programme, Tointon and Chigvintsev had danced to the tune of Cry Me a River; the dance received the acclaim of the judges. “I would kill to be able to dance like that, I thought it was amazing,” Craig Revel Horwood exclaimed. Alesha Dixon commented: “I’m quite sad that that is the last dance we are going to see you do”. In reference to the pair, she added: “Together you are first class.” Bruno Tonioli remarked: “You danced to a level that we hardly ever see here. Whatever happens, this was incredible.”

Bruno Tonioli described Matt Baker as “very dashing and elegant”. Len Goodman believed that he was “an excellent ballroom dancer”. At one point, Palema Stephenson received a perfect score of 40 from the four judges for her Viennese Waltz. Tonioli branded the dance as “simply brilliant”. Revel Horwood used the word “remarkable” to describe that performance.

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Conference discusses the credibility of blogs

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Friday, January 21, 2005

Seeking to “bring together a select group of thoughtful bloggers and journalists”, at Harvard today opened a two-day, by-invitation only, Blogging, Journalism and Credibility: Battleground and Common Ground conference.

Held at the Kennedy School of Government, the conference was an initiative of the American Library Association’s, Berkman Center for Internet and Society and the Joan Shorenstein Center on the Press, Politics and Public Policy.

“One of the problems [with blogs],” said Dan Gillmor of Grassroots Media Inc., “is that any random website can look as good as any other website. We’re going to be working this through for a long time. We’re going to have to tell people, be skeptical.”

Addressing the question of credibility, both in mainstream media and in the new media self-publishing “blogosphere”, is one of the goals of the conference. The rapid transformation of the blogging media, its acceptance and repudiation as a form of journalism, is also a topic slated for discussion.

Corporate media has flirted with, disputed, and been directly affected by, bloggers. Future possible interactions between the new, blogging media, and mainstream media, provide topics for discussion.

Attendees and speakers included both established and new media names, academics and professionals, and amateurs. Topics covered ranged from jargon and terminology, through business models, and on to more esoteric subjects like “podcasting” and “vlogging”.

UPDATE: The conference wound up with a session covering issues identified during the conference and an open session of free-ranging discussion.

This article features first-hand journalism by Wikinews members. See the collaboration page and notes page for more details.
This article features first-hand journalism by Wikinews members. See the collaboration page and notes page for more details.
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News briefs:May 27, 2010

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Medium Term Note Trading And Their Importance In A Worldwide Recession

Category : Forex Broker

Medium Term Note Trading And Their Importance In A Worldwide Recession

by

marcelford

Private Trading of Medium Term Notes, also known as Mid-Term Notes and MTNs, is essentially capital raised for the purposes of the development of working capital and the upward trend towards strengthening a company’s balance sheet. More times than naught, private trade programs encompass the development of new products, technologies and overall expansion. Whereas in this article, In the broad sense and in the most known categorization, we will be discussing Medium Term Note Private Trading which is a completely different investment channel generating tremendous returns for small and large, individual and corporate investors alike.

[youtube]http://www.youtube.com/watch?v=cnHQGNs6gVA[/youtube]

Investors have limited access when it comes to educating themselves and investing in the high-yield arena of MTN Trading. Unless they have liquidity in the hundreds of millions, most others who have less liquidity for investment find themselves on the outside trying to get a peek in. In this article, the general development of knowledge with regard to private trading, MTNs, BGs and other instrument facets, will explain why and where individuals willing to invest from $10M on up can participate in the world of Medium Term Note Trading. Why is there such a demand for investing in Private Programs that utilize MTNs and on occasion Treasury Bills? Since the mid-1990’s to the present day, Medium term Note originations total investment dollars have escalated from a estimated, yet traceable, phase of just over $10 billion dollars in mid-1990s to a current level of well over $75 billion dollars through the third quarter of 2008. There have been roughly 6,500 private trade programs done through the third quarter of 2008. Companies in the likes of Sony Capital, Harley Davidson, LG and other well recognized entities have all offered Mid-Term Notes collateralized by their assets for expansion and development. From a low of fewer than 2,500 in all of 1996, you can see that the interest towards Private Trading gains when markets and the economy as a whole degrades catapulting the need for short term, well secured notes backed by established corporations, banks, asset holders and countries. Hedge Funds, Portfolio Managers and Private Investors are often attracted to these Private Programs and understand the rules and guidelines that follow. Less experienced, smaller investors tend to be dismissed due to the anxiety levels and continuous pestering of updates. High-net worth, seasoned investors have their blocked funds almost always are combined with other clients to build a larger trade bases, if individually large enough, say one billion and up, enter into a Private Trade Program by themselves; however they too may very well be bundled with other client assets to reduce the number of trades being managed. Their blocked funds represent these MTN Trade Programs and are a tremendous economic incentive in their own right by the generation of liquidity by the function of process. The derived profits most often than not, as well as the leveraged amount of the blocked funds, will go into further capitalization of new companies believed to have significant growth possibilities in industries such as: healthcare, bio-technologies, software/hardware and telecommunications. These Private Trade Programs add value to these companies and further compel advancements in those particular sectors. Without Medium Term Notes, the potential of utilizing them in Private Trading and the profits derived from such, many of the participants of these programs would never launch over the first tier with regards to the programs they are included in. Typical Minimum Investment Requirement: Mid-Term Note Trading and investing is not easily accessible to the typical high-net worth investor or well capitalized corporation unless they first know these types of programs exist and then are either introduced to the trading platform from a referring client or through a series of referral educational sites where the client can thereafter request admission. Most Trade Programs typically will accept investors who are willing to commit as little as $25 million to have blocked for the purposes of leverage. Although some Trade Managers have dropped their minimums to only $250K with coupled by a series of A,B,C programs to ramp up the clients capital to higher level trades. Fund of Funds: A fund of funds holds the leveraged funds of many private partnerships that invest in private trades. It provides a way for firms and individual participants to increase cost effectiveness and thereby reduce their minimum investment requirement. Since a fund of funds is leveraging against those original funds, sometimes up to 20 to 50 times, the accumulated return for that specific funds of funds becomes much more lucrative. In addition, because of its size and diversification, a fund of funds has the potential to offer greater returns than you might experience with an individual MTN Trade Program. This only holds true to those Programs that are under the $100 million dollar level though since most times the lesser amounts are leveraged through funds of funds or equivalent means. The main disadvantage, if it could be considered such, is that there is an additional layer of fees paid to the fund of funds manager. Though typically $100 million and up will roll out the welcome mat, investors can on occasion, participate with $250,000 – $10 million to the respective fund of funds manager. For those smaller amounts under $10 million, the platform manager may not let you participate unless you are an accredited investor with a net worth between $1.5 million to $5 million. Is it worth the time and consideration? There are several key risks in any type of investing since you essentially, with any investment, can guarantee a return (except for low yielding T-Bills, etc.) Private Trading is no exception. As mentioned earlier, the fees of Private Trade Programs that cater to smaller investors can be higher than you would normally expect with conventional investments, such as mutual funds. With a pre-established historical return rate on these smaller (less than $100M) funds may be in the double to triple digits as reflected in previous scenarios. The promulgation of these fees are irrespective and of little consequence to the investor although many investors feel that they deserve more, do essentially doing very little. In a market as volatile as the one we currently face, it is much harder to find streamlined programs that offer little risk. Transferring of investors’ funds is not evidenced in these Private Trade Programs that are at or above $10 million dollars. A block is placed on the client’s funds within their account for the duration of the trading period. Hence, the safety the client experiences remains secure with the leveraged program they enter into.

With so many misconceptions of Private Trade Programs, once one understands how and why these Programs work and their importance in

a failing economy, the fog starts to lift. Learn more at www.InvestorEarth.com.

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Medium Term Note Trading And Their Importance In A Worldwide Recession