Parisian Family Office, CEO. Began Wall Street, 1982. Founded investment firm, CHIPPEWA PARTNERS, Native American Advisors. Active Trader. White Earth Chippewa Tribal member. Was NYSE/FINRA arb. Conservative, raised on Great Plains reservations. Pureblood, clot-shot free. In a world elevated on a dopamine binge, this is his take! Written from MT Ghost Ranch on the Yellowstone River, TN farm Pamelot or San Jose del Cabo, Mexico, CASA TULE'. Always been, will always be, an optimist.
Saturday, December 23, 2006
Thursday, December 21, 2006
Wednesday, December 20, 2006
Tuesday, December 19, 2006
Friday, December 15, 2006
While some Asian governments were praised for toughening vehicle emission standards, and most have phased out leaded gasoline, many of the region's big cities are doing little to enforce laws or establish effective bus and train networks, they said.
"Transport is growing faster in most cities so transport emissions are a big part of the problem," Lew Fulton, a transport expert with the U.N. Environmental Program, told the three-day Better Air Quality Conference 2006 in Yogyakarta.
The meeting — one of the biggest air quality conferences in the region — comes at a time when Asia has begun to address the bad air that has resulted from double-digit economic growth rates, especially in India and China. Soot from coal-fired power plants, greenhouse gas emissions from vehicles and haze caused by slash-and-burn land clearing activities have all helped turn the region into the world's most polluted.
The World Health Organization said increased pollution in Asia is estimated to be causing as many as 537,000 premature deaths each year, as well as a rise in cardiopulmonary and respiratory illnesses. It is also having economic ramifications, with China saying it is cutting into its growth and Hong Kong fearing its foul air is scaring off investors.
Transport is taking center stage mostly because it is growing so fast, conference delegates said, causing massive traffic jams in many cities and contributing as much as 60 percent of greenhouse gas emissions in the next 20 to 30 years.
"The speed of motorization is so fast in Asia. For example, vehicle fleets double in about five years in an average Asian country," said Cornie Huizenga, head of the Clean Air Initiative for Asian Cities which helped organize the three-day conference, attended by 900 government officials, researchers and activists.
The number of vehicles in China could grow by as much as 15 times in the next 30 years to more than 190 million, according to a study released Thursday by the Asian Development Bank, while the growth could be up to 13 times in India.
Correspondingly, carbon dioxide emissions from on-road transport can be expected to rise by 3.4 times in China and 5.8 times in India in the same period, the report said.
In less-developed countries such as Vietnam or Indonesia, the problem is motorbikes. Hanoi has gone from almost no motorcycles 10 years ago to 1.5 million today, according to the Swiss Vietnamese Clean Air Project. Indonesia's fleet has doubled in the past five years to 33 million, according to the government, dwarfing car ownership, which has also doubled to around 7.4 million.
With no sign of vehicle growth slowing, delegates called on governments to boost fuel efficiency standards. They also called for more spending on public transport projects such as bus ways in Indonesia or newly designed roadways to accommodate bicycles and pedestrians that are being considered in India.
More importantly, many experts said governments need to establish programs to test and enforce vehicle emission standards, limit the import of secondhand vehicles and consider taxes that would make new vehicles more expensive.
"There are a lot of laws that have been passed to improve the environmental conditions of cities but they need to be backed up by enforcement to ensure the desired effects are developed," said Jamie Leather, an ADB transport expert.
Indonesia reflects the challenges many countries are facing. They have enacted emission standards but have no system for emission testing. As a result, spot checks found that only 60 percent of gasoline powered and 10 percent of diesel powered cars met the standards, the government said.
"If we enforce the regulations, all these cars will have be garaged," said Ridwan Tamin, an assistant deputy for mobile source emissions for the Ministry of Environment. "So we have a social issue, you see. This gives you an idea of how much we have to do to curb this situation."
Thursday, December 14, 2006
Wednesday, December 13, 2006
These transgressions are further evidence that the Cobell litigation must be settled in an expedient manner and damages awarded for the amounts that are rightfully owed to Indian Country.
Monday, December 11, 2006
Sunday, December 10, 2006
When it was light enough to shoot I could hear the sound of hogs well ahead rummaging in the leaves for acorns on a narrow ridge. The sound carried much farther than I thought. Thoughts of emptying my BAR .243 at a nice band of hogs were in my head as I heard some good hog sounds but as I tried to quietly move closer they moved off the ridge in single file by their tracks and headed down into the thick timber that pine beetles have put on the ground in Catoosa. Nature sure has a funny way of thinning out the pines to continue the life cycle of acorn production for the food sources that depend on mast. It is not an overnight process either.
As the sun moved higher, the land of woodpeckers came alive in the morning light and flock after flock of the gutteral croaking birds called sandhill cranes filled the air as the artic blast of cold air moved them south on their winter migration. I heard a couple of volleys of shots way off in the distance and figured either a big buck was on the ground or a coyote had met its fate. It was a great morning to be in the wilds of Catoosa. I put in my time and effort and came out in the middle of the afternoon without firing a shot. My trail-mix, jerky and Snickers bars had served me well in keeping some fuel in my belly. I often think what Catoosa may have looked like a couple of hundred years ago when there were few trees on the land. I happened on some graves of people who had died about 150 years ago and put the location into my GPS in case I ever get my boys back in there and let them see the old headstones with names hand carved into the rock.
For the day, I saw one doe. It wasn't meant to be but there wasn't a place in TN I would rather have been. Was it worth the $20 stamp? Absolutely. Will I do it again next year? Absolutely.
Bottom line, it was just another great hunt.
Dean T. Parisian
NRA Life, MN Trappers-Life, GA Trappers-Life, TN Fur Harvesters-Life.
Baiting is a signficant condemnation of a shooters ability to hunt.
Wednesday, December 06, 2006
The platform will greatly undercut the notoriously high fees of the hedge fund sector. Those investing through a fund of funds can end up paying annual charges of 4-7 per cent, with up to 50 per cent of their returns eaten up by fees. Goldman will charge a flat 1 per cent.
Goldman’s Absolute Return Tracker index (Art), is set to be among the first of a flood of hedge fund cloning products likely to be launched in a revolution being compared with the arrival of index trackers in the mutual fund world a generation ago. “There is a lot of dead wood in the industry – people who should not be running hedge funds,” said Harry Kat, professor of risk management at London’s Cass Business School, who has just launched his own hedge fund replication tool.
“A lot of them will leave the business, because people are smartening up. Index replication is going to become as important as it is in traditional long-only investment, with 30-40 per cent of the market.”
Replication strategies are based on academic research that suggests hedge fund performance is largely driven by movements in underlying markets, such as equity, bond and commodity prices, rather than the intrinsic skill of managers.
Goldman has spent two years developing the algorithm that underpins its platform. The performance characteristics of thousands of hedge funds will be fed into the system monthly and Art is designed to decompose these data and calculate the aggregate position of the hedge fund universe. This position can then be replicated, potentially allowing Goldman to generate hedge fund performance at a fraction of the cost.
Clones such as Art avoid the negative selection bias that bedevils existing investible hedge fund indices and funds of funds, due to the fact that few of the better hedge funds are open to new investment.
It will be far more liquid, with trading available on a daily basis.
“This may be ideal for any large institution that has been looking at hedge funds but doesn’t like the fact that it takes six months to put money [in] and to take it out again,” said Edgar Senior, executive director in Goldman’s fund derivatives structuring team.
Copyright The Financial Times Limited 2006
Monday, December 04, 2006
Sanity in our markets is history. By way of comparison, US annual GDP is $12 trillion. In our markets 90% of NYSE trades are black box trades, not Mom and Pop in Mandaree loading up on Exxon and McDonalds. We have offshoring and outsourcing under the title of free trade and globalization dampening our economy. GM and Ford are on the edge of bankruptcy. Ford is shutting 15 plants and laying off another 45,000 workers making $31.64 an hour who will now make $10.00-$12.00 an hour if they can find work.
Big, real big numbers. And bigger questions.
The ones people copy most are Appaloosa, Greenlight Capital, Lone Pine, ESL, and Icahn Partners. You can copy them by looking at their 13-F reports.
Appaloosa's 3 biggest holdings are Oracle, Micron, and Applied Materials, recent addition AMR, recent sale Mirant.
ESL's 3 biggest are Sears, AutoZone, and AutoNation. no recent additions, no recent sales.
Greenlight's 3 biggest are Ameriprise, Microsoft, and Hospira. Recent addition of First Data, recent sale of Live Nation.
Icahn's 3 biggest are TWX, Imclone, and American Railcar. Recent add of Hilton, recent sale of Symantec.
Lone Pine's 3 biggest are Brookfied Asset, GOOG, and Comcast. Recent add SLB, recent sale Research in Motion.
Or just call Chippewa Parners.
I was in alot of great country this fall and took some great animals but this one may perhaps be the most memorable of 2006 simply because it was on our farm and was the first buck ever taken on it. I loaded my rifle in the driveway in the garage light and started walking in the dark. When first light came this youngster ran to me chasing a doe. It may be the last deer I ever shoot on the farm as my boys will be doing some damage to the whitetails in years to come but one thing is certain. You always remember your first.
Sunday, December 03, 2006
The student swimmers were the best. Fun, energetic and mature.
They are a credit to the school and their parents. Little did they know that it was motivating to see their dedication and team spirit at work. I was also proud of the MHS swim coaches. They took the right road when they had to. It was a job well done by all.