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Uber Uber Uber alles

Source: The hype has begun on the Uber 2019 IPO – initial public offering of stock. A Wall Street Journal article suggests that underwriters are whispering that the number is $120B – $120,000,000,000. Of course, this is what’s called the “courtship” proposal — guys (the usual suspects Morgan Stanley, Goldman Sachs) looking for the assignment telling the prospective client what they want to hear to get the job; still it is a huge number. New CEO, Dara Khosrowshahi, likes the big number and says, “Bring it.” Why does this trouble you, Big Red Car, you ask? Let me tell you. Why, Big Red Car? Here are some basic facts which bear on the subject, dear reader.  1. Uber raised a bit of money two months ago (August 2018, $500MM from Toyota Motor Company at a value of $72B) at a value substantially lower than the proposed value of $120B. It has been a busy time for Uber, but doubling value in two months? Really?  2. At that value, Uber is worth more than General Motors, Ford Motor, and Fiat Chrysler – COMBINED. Hello, America. Uber doesn’t “make” anything. They provide a service, a taxi service. [They are in the thick of self-driving tech, so there is that, Big Red Car.]  3. Uber has been Scandal Center from the entire Travis Kalanick Boober Boys Club to other allegations of sexual harassment to the theft of trade secrets to a confrontational regulatory environment to getting their butts kicked in China. This is not really a stable environment just now. The culture is a work in progress.  4. Uber continues to have problems with its investors (they canned the former CEO, Travis the K), drivers, riders, and regulators. This is not a well-oiled machine.  5. The first mover secret sauce has run out on the ride hailing app. The novelty has worn off.  6. The tech IPO market right now is hot. Will it be a year from now?  7. Uber is not profitable and won’t be – by its own projections – for three more years. This seems like a real problem for an IPO. This little tidbit comes from Uber’s own revelations made as part of a recent bond placement offering memorandum.  8. $20B of that $120 valuation is for UberEats, the Uber food delivery enterprise. Wow, their side hustle is worth $20B – more than all of Lyft at $15B.  9. Toyota’s interest is exclusively in self-driving car tech. Uber spent $750MM last year on robot cars. The Toyota investment is $500MM. 10. Lyft is talking IPO in early 2019. Uber late 2019. Lyft early 2019. Timing in life is everything. Bottom line it, Big Red Car – Uber Dear reader, the Big Red Car can only whisper one word: “Dicey.” The deal looks a bit dicey. Not undoable, dicey. But, hey, what the Hell do I really know anyway? I’m just a Big Red Car. It’s still raining in Texas, y’all. Flooding. Share this:EmailTweetShare on TumblrPrint Related Source:

Tree love2

           Comics: Random Popular Latest Cat Comics Comics: Random Popular Latest Cat Comics Home Comics Blog Quizzes About Contact All artwork and content on this site is Copyright © 2018 Matthew Inman. Please don't steal. var gaJsHost = (("https:" == document.location.protocol) ? "https://ssl." : "http://www."); document.write(unescape("%3Cscript src='" + gaJsHost + "' type='text/javascript'%3E%3C/script%3E")); try { var pageTracker = _gat._getTracker("UA-9487849-1"); pageTracker._trackPageview(); } catch(err) {} Source:

Biodiversity in Forestry and practices in its assessment

   Biodiversity may be defined as the variety of life from, the ecological role they play and the genetic diversity they contain. Biodiversity can be considered as genetic taxonomic and ecosystem levels and the variety of sublevels also. There are two proverbs arising out of generation of human experience that the related to Biodiversity and are often heard in every day conservation. One is "Variety is the spice of life and the other "Don't put all your eggs in one basket" Variety among living organism certainly enriches our lives and has very practical value. It is much safer to have more than one kind of organism that can carry out vital functions. Currently there is much concern about loss of species diversity and also about loss of genetic diversity due to human activities as the twenty first century approach concerned about preservation of Biodiversity is reaching public and political levels.   Biological diverse ecosystems are more capable of resisting change and  maintaining their functionality when subject to unusual climatic or biotic conditions. Ecosystem function provides various services of benefit to human society. These includes the maintaining of atmosphere and climate, soil conservation, nutrient cycling and the control of crops-pests and disease vectors. There are also non-consumptive scientific and recreational values to be derived from healthy ecosystems. The loss of biological diversity is a global crisis. There is hardly any region on the earth that is not facing ecological catastrophe. Of the 1.5 million species known to inhabit the Earth (humans are just one of them), one fourth to 'one third is likely to extinct within the next few decades. Biological extinction has been a natural phenomenon in geological history. But the rate of extinction was perhaps one species every 1000 years. But man's intervention has speeded up extinction rate went. Between 1600 and 1950, the rate of extinction is one species every 10 years. Currently it is perhaps one species every year.   The country has several problems such as overpopulation, large number of cattle heads, growing demand for land, energy and water supply. Unplanned developmental works and overexploitation of resources have made its living resources most vulnerable.(Source: This is an excerpt taken from the My forest Journal - December 2013, Vol 49 (4). The author is Mr. Jagat Ram, IFS. You can read the article at , page 57) 

Human - Elephant conflict and its mitigation; The Karnataka experience#

   Conflict connotes - a struggle, fight, a clash of interest etc. Man being an apex species has a vast array of natural resources at his command and control. His over dependence on the depleting natural resources has led to inter and intra specific competition and impairment of the delicate balance of demand and supply. The obvious result is the alarming situation of Human-Animal Conflict which is more pronounced in case of wild elephants. Not a single day passes without a report in the newspapers about Man-Animal Conflict and Human Elephant Conflict (HEC).   The coexistence of Man and Elephants dates back to over 4000 years (Prachi Mehta, 2011). India has about 28,000 wild elephants (Report of Elephant Task Force, 2012) and Karnataka has about 6200 elephants-which is about 20% of the country's Census-2012). The Government of India in the year 1992-93 initiated the Project Elephant to conserve the declining elephant population. On the directions of GOI, the Government of Karnataka notified the Mysore elephant Reserve (MER) on 25-11-2002 with an area of 6724.87 km2 spanning over six districts of the state.   Notification of the MER was a major initiative in conservation and management of elephant populations in the state. In the wild, there are two kinds of elephants viz. the African Elephants (Loxodonta africana) and the Asian Elephants (Elephas maximus). The African elephant has an estimated population of 4-6 lakhs and is placed under the "Near Threatened" category by the IUCN and Appendix-I of the CITES. The Asian elephant has a smaller population of 35,000-50,000 (Perera, 2009) and is placed under "Endangered" category by the IUCN and Appendix-I of CITES.(Source: This is an excerpt taken from the My forest Journal - December 2013, Vol 49 (4). The author is Mr. Uday Kumar, IFS. You can read the article at , page 28) 

Reliving the past glory of wild elephant capturing at Kabini, Mysuru.

   The capturing of elephant in pens or stockades is a known as Khedda and is the most widely known method. The word Khedda is derived from the Hindi word khedna which in turn is derived form the Sanskrit 'Khet' which means to drive. In this method wild Elephants were literally driven into a pen or stockade.    The first person to try and capture Elephants in this way was Hyder Ali, the father of Tipu Sultan, in the seventeenth century. He was unsuccessful and no further attempts were made. The British were the first to try again and an attempt by Col. Pearson, a British Army officer in 1867 also resulted in failure. The next to try was another British officer, this time from the Canal or Irrigation Department, named, G.P.Sanderson. He had no previous experience in capturing elephants. He was however interested and knowledgeable in the habits of wild Elephant. After repeated representations which were supported by his superiors, the Mysore Government in 1873 undertook to capture wild elephants and he was put in charge. He was successful in his second attempt in 1874 at a place called Kardihalli. In 1875 he was put in charge of the Elephant Catching establishment at Dhaka for a period nine months. On his return from Dhaka he perfected the khedda system in Mysore. He is said to have taken experienced elephant men from Dhaka who formed the main stay of the operation. In time the Kuruba tribals and others learnt the art of elephant driving.    The Mysore Khedda especially the Kakanakote Kheddas were verydifferent from the Assam Khedda. The Mysore Kheddas were large undertakings which required a large number of men and koonkis. Wild Elephant herds had to be brought in from long distances and were moved in stages and held when necessary in position until the exact time when they would be driven into the stockade in full view of distinguished guests, the Maharaja of Mysore. This involved months of planning and preparation and large contingents of men and koonkis, as many as forty koonkis and a thousand men would be used. The size of the stockade would extend over five acres. It was a very expensive operation. The unique feature of a Kakankote khedda was the river drive which was first designed and carried out by G.P. Sanderson in honour of The Grand Duke of Russia during his visit to Mysore in 1891. In the river drive the elephants were driven across the Kabini river into the stockade and this. proved to be a popular spectacle with special visitors' gallery being set up to allow people to witness the grand finale of a Kakankote khedda.(Source: This is an abstract taken from the My forest Journal - December 2013, Vol 49 (4). The author is Mr. G. Selvakumar, IFS. You can read the article at , page 1)