As You Sow, So Shall You Reap: (Inigo Morgan #1)

As You Sow, So Shall You Reap
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Race to Death. Leigh Russell. When The Killing Starts. A Cake To Die For. The Nothing Job. A Time For Justice. See How She Runs. The Second Death of Dr Finck. Have A Heart. Dying For You. Geraldine Evans. Absolute Poison. Strawberries and Sheep. Blood And Water. Stuart Edmond. Kissing The Devil. Death Dues. Did You Even Look. Mark Connolly. All the Lonely People. Murder By Post. Peter Kirby. Even The Score. Crunch Time. Screen of Deceit. A Fancy Revenge. Kith and Kill. Death Dance. Critical Threat. Death Line.

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Middleside vs. How to write a great review. Push a load of more funding into climate science so we can hire vast bureaucratic chains of auditors, validations, etc. I have somehow managed to avoid putting gbaikie on the Climate Clown report, but his unrelenting stream-of-consciousness spew has finally generated a category of its own. He is mutilating women, and hanging them upside down in abandoned buildings with a meat hook through their ankles.

The percentage of respondents agreeing that jobs are plentiful rose to The percentage saying jobs are hard to get fell to This series is highly correlated with the unemployment rate and suggests it could continue to fall Fig. The jobs plentiful series is highly correlated with the percent of small business owners with job openings, a series compiled by the National Federation of Independent Business Fig.

The latter, on a three-month-average basis, rose to There are fewer and fewer labor market indicators suggesting that there is still slack in the labor market. The one that really stands out is wage inflation.

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It remains remarkably subdued given its past tight correlation with the jobs plentiful series Fig. During the past three business cycles, wage inflation rose to about 4. Could it be that the huge influx of immigrants is boosting economic growth over there? It always has when it happened in other countries in the past. In our spare time, Debbie and I have been slicing and dicing the US labor market data to determine whether the remarkably subdued pace of wage inflation is attributable to the availability of more slack than suggested by the unemployment rate, job openings, and consumer surveys.

Both are around 6 million. But what about the low labor force participation rate? Could it be that there are still lots of working-age people who are NILFs not in the labor force because they had dropped out but are starting to come back? In addition, more young adults are going from high school to college rather than straight to work. Instead, the jobless rate is only 4. Now, excluding people who are 65 years old or older from the numerator and denominator of the participation rate shows that the participation rate was Removing year olds as well results in a Excluding seniors, it was Currencies I: Our Doves vs Theirs.

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The neighborhood is improving. Since late last year, the global economy has been showing signs of better growth that seems to be outpacing US growth. So the Fed terminated QE on October 31, , hiking the federal funds rate by 25bps at the end of , and again at the end of The dollar peaked on January 11 despite another two Fed rate hikes of 25bps so far this year on March 15 and June 14, while the official rates of both the ECB and BOJ remain slightly south of zero Fig. Furthermore, despite speculation that the ECB and BOJ might soon join the Fed in normalizing their monetary policies, the assets on both their balance sheets continued to grow.

This suggests that perhaps the dollar might stop falling. More likely is that it will move sideways for a while. Melissa and I have noted that during her congressional testimony on monetary policy during July 12 and 13, Fed Chair Janet Yellen reiterated that the FOMC is still committed to rate hikes. However, she added that her goal is to reach a neutral level of interest rates that is lower than it has been historically and not so far off from where the federal funds rate is set now. Brainard seemed to conclude that it is best to lean toward reducing the balance sheet, as it should put less upward pressure on the dollar than raising interest rates, in her opinion.

In other words, rate-hiking might end soon once balance-sheet reductions start. On a relative basis, it seems to us that Draghi and Kuroda are even more dovish than Brainard and Yellen, which is why the dollar should stop falling. The value of the trade-weighted dollar is driven by the US trade balance with the rest of the world and by US capital inflows and outflows. The US has been running a trade deficit with the rest of the world for many years. This trade surplus provides foreigners with dollars, which they can use to purchase US assets.

If they would rather convert them to their own currencies, then the dollar will depreciate, unless foreign central banks intervene by purchasing the dollars and holding them as international reserves. Most of the volatility in our proxy is attributable to the yearly change in international reserves held by the ROW, which is also highly inversely correlated with the trade-weighted dollar Fig. Draghi resorted to a shock-and-awe approach with negative interest rates starting on June 5, followed by a QE program on January 22, , and an expansion of that program on March 10, What can Draghi do if the euro continues to strengthen?

Not much other than to coo dovishly as often as possible. As noted above, Fed officials have been softening the blows by saying that the rate hikes should be gradual, and might be over relatively soon. There have been no tightening tantrums in any of those financial markets. This suggests that emerging markets may be able to handle Fed rate hikes, at least gradual ones, without any adverse consequences.

Currencies V: Slippery Slope. The price of a barrel of Brent crude oil has had one of the best inverse correlations with the trade-weighted dollar since Fig. In the past, a weak dollar would have been bullish for oil. Since we think causality runs both ways, weak oil prices should be bullish for oil. We think there is a better fundamental case to be made for weak oil prices than for a weaker dollar from this level.

Strategy I: Jazzy Opera. The song became a popular and much-recorded jazz standard, with more than 33, covers by groups and solo performers. For stock investors, the living has been relatively easy since March , when this great bull market started. It would have been far easier if we all fell asleep since then and just woke up occasionally to make sure we were still getting rich. There have been plenty of reasons to wake up crying.

But the bull kept singing a lullaby that hushed us all up. Now it seems that we are all getting lulled to sleep by the monotonous advance of stock prices. They just keep heading to new record highs with less and less volatility Fig. It had spiked to The Brexit scare last summer caused it to spike to The yield spread between the high-yield corporate bond composite and the US Treasury year bond remains extremely low around bps despite the recent weakness in the price of oil Fig. That spread widened dramatically from bps on June 23, to bps on February 11, , when the price of oil plunged.

Not surprisingly, the spread is highly correlated with the VIX Fig. Both suggest that investors are enjoying a summertime siesta. So does the Investors Intelligence survey, which shows that only This series is also highly correlated with the VIX. Strategy II: Hot Towns. I was visiting our accounts in those hot cities last week. The heat is making all of us drowsy. Almost everyone seems to share my view, which I first mentioned in early , that the risk is a melt-up that might set the stage for a meltdown.

A few wondered why I still viewed it as a risk rather than a reality or at least a clear and present danger.

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Of course, the only trouble with a melt-up is that we must be wide awake to decide when to get out of stocks. I conceded that we might very well be starting a melt-up. The consensus scenario that seems to be lulling everyone to sleep this summer is as follows: The economy will continue to grow at a leisurely pace, with real GDP rising 2. This is certainly not a boom, which therefore reduces the risk of a bust. No boom, no bust NBx2! So the economic expansion could last for a long while. Back in , Debbie and I explained why it might last until March It will be the longest expansion on record if it lasts until July The Fed should continue to raise rates, but monetary normalization will remain very gradual, and the federal funds rate might peak at only 2.

This is the consensus currently, in my opinion, based on my discussions with some of our accounts, most recently in the Mid-Atlantic states. So what could go wrong? What might lead to a meltdown either a nasty correction or a bear market without a stage-setting melt-up first? While the Fed is set to proceed, Fed officials seem to be signaling that they might slow or postpone rate hikes once they start to reduce their balance sheet.

Measures of underlying inflation remain low, he further noted, and do not appear likely to pick up. Now, the last thing that the Governing Council may want is actually an unwanted tightening of the financing conditions that either slows down this process or may even jeopardise it. No change was made to the inflation target of 2.

Excluding the effects of the consumption tax hike, the bank expects CPI inflation to reach just under 2. While the major central banks are struggling to push inflation up to their 2. I was skeptical, but remain open-minded about that possibility. My friend and I agreed that there are three possible scenarios. President Donald Trump has called on members of Congress not to flee the city to go on their summer vacations but to stay and work until health care reform has been accomplished.

It was mighty hot there last week when I stayed overnight at the Watergate Hotel, just for the fun of it. Even hotter is the political fighting between the Republicans and Democrats and infighting among the Republicans. While it is up Despite the disappointment, forward earnings expectations for Financials remain optimistic.

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However, the year Treasury yield is lower today than it was in December, while short-term interest rates have continued to climb Fig. As a result, the spread between the fed funds rate and the year Treasury, which ran up to bps on December 14, , fell back to a low of 98 bps during June 26 of this year.

The spread widened slightly in recent weeks to bps Fig. Banks earnings have room to improve dramatically if long-term interest rates rise. Their best chance may come this fall if the Fed goes through with reversing quantitative easing. Record-low volatility in the stock market and a sharp drop in the price of oil combined to hurt trading results for most financial players.

As we mentioned above, the CBOE Volatility Index hit its lowest level since on Friday, July 14, in part because the stock market in the past year has gone only in one direction: up. The declines were less dramatic at other shops, but the area was a drag nonetheless.

At BAC, Q2 loan growth was only 1. The Pittsburgh-based bank said it expects loans to rise by a mid-single-digit rate for the full year. Wall Street analysts are projecting some of the strongest results in the Financials sector to come from Regional Banks. Revenues is expected to grow 6. It certainly shows how, for Britain, World War II was from the start about fighting first for survival, then for victory on the beaches, on the seas, and in the air, just as Winston Churchill proclaimed on May 13, Banks: Going Mobile.

She was merely cautioning that cash is rarely used in Sweden.

You Reap What You Sow - English Stories For Kids - Moral Bedtime Stories For Kids In English

Instead, Swedes are using electronic payments or credit cards to purchase just about anything. Electronic payments is just one of the many disruptive technologies that Jackie and I have been monitoring. I asked her to have a closer look—though on her PC in her home office rather with an all-expenses-paid trip to Sweden. Here is what she found:. Instead of using cash, Swedes are increasingly using Swish , an app downloaded to cell phones that lets users make or receive payments directly to or from their bank accounts.

Something similar launched in the US last month. Only customers of those banks can use Swish—so our American friend will have to use her US credit cards. The app uses cell phone numbers and an account with a participating Swedish bank to transfer money via cell phone or to make an Internet purchase. Transactions are free to consumers, presumably because it costs banks less money for transactions to occur in the ether than it would were hard currency used. Cash costs banks money.

It has to be handled, counted, and transported. Even Swedish churches have adopted the technology. The move to a cashless society in Sweden has led to a reduction in physical crime. In the same period, muggings dropped 10 percent. However, having a cashless society may be escalating cybercrime. Fraud in Sweden—usually involving identity theft—has more than doubled, the Wired article continued. Privacy advocates have raised concerns that consumers are giving banks and app providers a lot of personal information about what they are purchasing.

But last month, the big banks drew a line in the sand. They launched Zelle, undoubtedly in hopes of retaining customers. Bancorp, and Wells Fargo. Zelle can be used to split a check with your friend or to make a payment to a business. Right now, banks are linking their smartphone apps to the Zelle transfer network, which will eventually be able to reach 86 million consumers. To get the cash into your hands, you need to log into your Venmo account, cash out your balance, and wait—sometimes days—for the money to show up in your bank account.

The two customers just have to have the Venmo app. Venmo also has a more social bent than Zelle. Venmo users can choose to make their transactions and any related messages public. Users will check their Venmo account just to see what friends are buying. Which network will come out on top remains to be seen. But if the US market develops at all similarly to the Swedish market, the days of counting your greenbacks may be numbered. India I: Monsoon Season. She wrote an informative and relatively bullish piece on Brazil last week.

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Here is her take:. After plunging Tuesday, as tobacco stocks reacted to new taxes, it quickly resumed its bullish track Wednesday. Anyone betting on a correlation between a good monsoon and good stock market returns may end up all wet. Celebrating its 70 th anniversary of independence on August 15, India is a whole lot less reliant on agriculture as an engine of economic growth than previously. Agriculture now represents The services sector, at Still, agriculture was the only sector where growth accelerated—up 4.

All other sectors decelerated, with services gaining 7. Construction turned negative, contracting by 3. Without the His delay in condemning attacks by vigilantes on workers in the cattle-slaughter industry reinforced suspicions about the motive for the ban. GDP growth has been decelerating for much of the last year. From a high of 9. Household consumption growth slowed to 7. Capital spending has been slipping since Q and is now firmly in negative territory for the first time since early , contracting 2. Capital spending represented Government spending rose Industrial production rose a measly 1.

It cited supply bottlenecks and high debt levels as crimping factory output. Consumer price inflation reached a record low of 1. The challenges facing the Indian economy clearly are not reflected in the stock market. The RBI last eased in October, when it cut rates by 25 basis points to 6.

A rate cut could create more exuberance for stocks—and rate-sensitive issues such as banks and real estate would benefit, as would debt-heavy companies. Strategy: Pesky Birds. If inflation remains subdued and the economic expansion continues, bond investors should earn yields on their bonds surpassing inflation. If this scenario persists for five to 10 years, they should earn a modest real return as long as their bonds mature over the same period.

They are unlikely to have significant capital losses or gains along the way. Stock prices should continue to rise along with earnings and dividends. There are those pesky Black Swans that could show up when they are least expected. First, it is an outlier, as it lies outside the realm of regular expectations, because nothing in the past can convincingly point to its possibility. Third, in spite of its outlier status, human nature makes us concoct explanations for its occurrence after the fact, making it explainable and predictable.

A small number of Black Swans explains almost everything in our world, from the success of ideas and religions, to the dynamics of historical events, to elements of our own personal lives. Since the start of the current bull market, pessimistic prognosticators have industriously been anticipating all sorts of dire Black Swan events, including the disintegration of the Eurozone, a financial crisis in China, currency wars, and many more.

Geopolitical crises also might turn into Black Swan events. Not surprisingly, none of these terrible prospects actually happened, since by definition Black Swans are very hard to predict. Plenty come to mind that could trip up bond and stock investors:. First and foremost would be a significant revival of inflation.

That would force central banks to raise rates. Bond prices would fall, and stock markets might do so once rates got high enough to cause a recession, which might be signaled by an inverted yield curve. I have often discussed in the past all the reasons why inflation might be dead for the foreseeable future. The bears are saying that stocks will fall once the European Central Bank and Bank of Japan terminate their QE programs and start to normalize their monetary policies. Then again, they warned that once the Fed terminated its quantitative easing QE program, stock prices would fall.

Tensions between China and its neighbors, especially the ones allied with the US, could flare up as China continues to build small islands in the South China Sea to claim sovereignty over this important trade route. The Trump administration may take a tougher stance against the nuclear ambitions of North Korea and Iran, raising the chances of a military confrontation.

When they did so at the start of the new year, I wrote that investors might have tired of looking out for Black Swans. I suggested that the Black Swan this time might be a melt-up in the stock market. During the first half of , I observed that money was pouring into exchange-traded funds ETFs. That influx was driving a broad-based surge in stock prices, since the most popular ETFs tend to track the broad market indexes. The problem with the popularity of this investment style is that while it works great on the way up, it has the potential to worsen future corrections and bear markets, as indiscriminate selling of ETFs causes indiscriminate selling of all the stocks they include, no matter their fundamentals.

However, like previous ones, it likely will offer a great opportunity for buying stocks. Yesterday morning, we all learned that the GOP effort to repeal and replace Obamacare in the Senate had collapsed. This is a Gray Swan, I suppose. The stock market presumably rallied following the November 8, presidential election because Donald Trump, a Republican, won with Republican majorities in both houses of Congress.

Not so fast: The Republicans are badly split between moderates and conservatives. So is tax reform now dead too? So, in the coming days, the Senate will vote to take up the House bill with the first amendment in order being what a majority of the Senate has already supported in and that was vetoed by then-President Obama: a repeal of Obamacare with a two-year delay. Republican Senators Susan Collins of Maine, Shelley Moore Capito of West Virginia, and Lisa Murkowski of Alaska immediately declared they could not vote to repeal the Affordable Care Act without a replacement—enough to doom the effort before it could get any momentum.

In any event, McConnell may be trying to get the issue buried so he can move on to tax reform, while showing the base he tried everything he could. Here is the global performance derby…. Another Gray Swan is the puzzling weakness in consumer spending. Both are solid gains. Could it be that consumers are retrenching because of policy uncertainty in Washington, DC? Will they be relieved that Obamacare remains the law of the land?

Or do they recognize that it is no bargain, and may be imploding in any case? Some of the weakness was attributable to gasoline sales, which declined along with the pump price Fig. Car sales have stalled in recent months Fig. On the other hand, our Earned Income Proxy for private-sector wages and salaries rose to another record high in June, gaining 0.

Retail sales excluding gasoline has closely followed our proxy Fig. Debbie reports that adjusted for inflation, retail sales during the three months through June rose 4. ETFs: 50 Shades of Gray. Could the recent record inflows into ETFs, which have clearly boosted the stock market over the past year, turn into significant outflows that exacerbate or even cause the next bear market? But ETFs could turn dysfunctional under stress if hordes of retail investors get spooked and sell their ETF shares all at once. Created in the s, ETFs were developed primarily as a vehicle for long-term investors to passively track indexes.

Active ETFs have also since come to the markets, but there are a lot fewer of them than passive ones. APs buy in the primary market the underlying securities with which to create a basket of stocks at a prescribed mix e. So far, so good. While the above all occurs in the primary market, most of the action happens in the secondary market, where ETF shares are traded rather than the underlying securities. Everyone is happy. So how does the arbitrage opportunity work? ICI neatly explained it in a blog post :. At the end of the day, the authorized participant will deliver the creation basket of securities to the ETF in exchange for ETF shares that they use to cover their short sales.

The authorized participant will receive a profit from having paid less for the underlying securities than it received for the ETF shares. The additional supply of ETF shares also should help bring the ETF share price back in line with its underlying value. The authorized participant will receive a profit from having paid less for the ETF shares than it received for the underlying security.

The lower supply of ETF shares available also should help bring the ETF share price back in line with its underlying value. But what happens if a subset of the APs lacks enough incentive to step in? However, they might not all be active. On the other hand, one AP might represent multiple external institutional market-makers that are participating in the arbitrage game through the APs.

The point is: if one AP or market-maker is out, another will likely step in. However, the gap was temporary. Knight reportedly enlisted the help of rival market-makers to provide adequate liquidity to restore balance to those shares impacted. But what if all of the APs decide to take a metaphorical cigarette break at the same time? Well, the odds of that are as slim as a Black Swan event. But it could theoretically happen if investor confidence is so shaken that ETF prices come tumbling down faster than APs would dare to step in.

ETF spreads could widen. Retail investors trying sell their ETF shares on the secondary markets might receive only the discounted price for their shares rather than the NAV of the underlying securities. That situation could be bad for markets, but how bad depends on how big ETFs are relative to the markets, which is not that big.

It could get really bad if the situation caused retail investors more broadly to pull their money out the markets. The article explained that one of the selling points that ETF managers make to investors is that ETFs help to lower market volatility because large blocks of ETF shares can trade on the secondary market without impacting the price of the underlying securities. According to a summary of the rule from a March Morgan Lewis panel , most ETF firms would be required to establish and execute a written liquidity risk management program, required to be disclosed to the SEC.

However, some gray area remains, in our opinion. Illiquid assets are well defined as those that would be difficult to sell within seven calendar days at a reasonable price i. However, it seems to us that that it would be hard to predict what would happen if liquidity problems were to occur for assets that were already acquired. China: The Xi Dynasty.

During the quarter, it rose 6. Instead of a big-bang implosion, China may follow the path of Japan. China is going down the same demographic road as Japan, with a rapidly aging population. Both countries have piled up lots of debt to boost growth. Both are financing their debt extravaganzas mostly internally. Both of their central banks are pumping massive amounts of liquidity into their economies. All the injections of debt are akin to injections of Botox, which can make you look younger while you age and slow down.

Total social financing over the past 12 months through June rose by a record It has been on a tear since the Chinese government pumped up the economy in response to the financial crisis of Bank loans are the largest component of social financing. Over the past 12 months through June, they rose by a record The good news—we guess—is that all of this bank debt has been financed entirely by an increase in M2.

So the Chinese owe it to themselves, similar to what has been happening in Japan for many years. Also mildly encouraging—we guess—is that the authorities seem to be making a bit of progress throttling back the shadow banking system. We estimate shadow banking activity by subtracting bank lending from total social financing Fig. Doing so suggests that on a month basis, the shadow banks accounted for a record That percentage fell to a recent low of It was back up to It has been stable since then through June. The yuan fell along with reserves, but has firmed up since making a recent low on January 3.

All that debt seems to be having a decreasing impact on boosting economic growth. The ratio was relatively stable around from Since then, it has risen sharply and persistently to a record during June. The Chinese seem to be getting less and less output bang per yuan. The growth rate of the population is projected to turn negative during Fig. The growth rate of the working-age population WAP already turned negative during and is expected to remain so through the end of the century—with WAP falling to million from a peak of 1, million during Fig.

Weighing on valuation may be the flat trend in forward revenues since early last year Fig. On the other hand, forward earnings has turned up since late last year. The bull market in stocks is flying high with the doves. On the other hand, the dollar is losing altitude. The trade-weighted dollar dropped 1. The financial press attributed the latest bullish stock market advance to the dovish congressional testimony of Fed Chair Janet Yellen on Wednesday and Thursday.

In the past, Fed officials rarely discussed the impact of their policies on the dollar. Specifically, she weighed the effects of normalizing through the federal funds rate by hiking it , the balance sheet by shrinking it , or both in tandem. As a result, similar to the domestic effects, while the international spillovers of conventional and unconventional monetary policy may operate broadly similarly, the relative magnitude of the different channels may be sufficiently different that, on net, the two policy strategies have distinct effects.

However, the effect of resource utilization on inflation is estimated to be much lower today than in past decades. The FOMC waited until the end of to raise the federal funds rate by 25bps, the same one-and-done hike as at the end of Fig. In particular, to the extent that the effect on inflation of further gradual tightening in labor market conditions is likely to be moderate and gradual, the case to tighten policy preemptively is less compelling. The CPI inflation rate was back below 2.

This suggests that the core PCED rate, which was 1. Meanwhile, wage inflation remains remarkably subdued around 2. Job openings are plentiful Fig. When the labor market was this tight by these measures during the past three business cycles, wage inflation was around 4. The FOMC hiked the federal funds rate again twice this year so far to a target range of 1.

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The federal funds future market is anticipating one more hike over the next 12 months Fig. We agree, but expect the federal funds rate to flatten out around 2. Meanwhile, the real interest rate in the year Treasury TIPS market continues to fluctuate between 0. Fed Chair Janet Yellen still knows how to sprinkle the fairy dust.

When the Fairy Godmother of the Bull Market speaks, investors listen and get more bullish. On numerous previous occasions, we have observed that stock prices tend to rise after Yellen speaks Fig. Later this year, the FOMC is also expected to begin normalizing its balance sheet, she said, as Brainard discussed a few days before.

Specifically, such payments will be reinvested only to the extent that they exceed gradually rising caps. Initially, these caps will be set at relatively low levels to limit the volume of securities that private investors will have to absorb. If the data continue to confirm a strong labor market and firming economic activity, I believe it would be appropriate relatively soon to commence the gradual and predictable process of allowing the balance sheet to run off.

The headline unemployment rate has dropped substantially since the Great Recession. At the same time, inflation has remained remarkably low. But Cohn might not want the job. No matter what, Trump will probably look to nominate a Fed chair who will maintain stimulative policies at least until fiscal policies can take over. By the way, though Fed officials proclaim their independence from politics, Brainard is a Democrat with a history of working for and contributing to the Democratic party.

It sure would be interesting to see Cohn step into the Fed chair role. Despite his current role in the Trump administration, Cohn is a registered Democrat, and he has no academic, economic, or monetary policy background. According to the Taylor Rule, the federal funds rate should be set at about 2. For , the median projection is just 1. Here are some key points from the MPR :. However, the U. In practice, Federal Open Market Committee FOMC policymakers examine a great deal of information about the labor market to gauge its health; this information includes broader measures of labor underutilization, the labor force participation rate, employment, hours worked, and the rates of job openings, hiring, layoffs, and quits, as well as anecdotal information not easily reduced to numerical indexes.

Core inflation, meaning inflation excluding changes in food and energy prices, is less volatile than headline inflation and is often used in estimating monetary policy rules because it has historically been a good predictor of future headline inflation. For example, policymakers routinely assess risks to financial stability. Furthermore, over the past few years, with the federal funds rate still close to zero, the FOMC has recognized that it would have limited scope to respond to an unexpected weakening in the economy by lowering short-term interest rates.

Industry Focus: Construction in 3D. When you think of 3D printing, manufacturing airplane parts may come to mind. Sometimes, the printers are housed in a factory where portions of the building are manufactured and then shipped to the construction site. Sometimes, the 3D printer is sent to the construction site, and it is used to make the building right there and then. It does so repeatedly, in many layers, until the structure is built, often in under a day.

If widely adopted, the benefits to the industry—and humanity—could be huge. Construction would be much less wasteful as well as faster and cheaper to help those in need. Or it could be used in very high-end designs, because anything you create in a computer can be turned into reality via 3D printing. Curved walls or domed ceilings are no problem.

That said, the new technology will result in fewer construction jobs. Then again, there certainly is a shortage of construction workers in the US currently.

The Kisses of an Enemy

I asked Jackie to take a tour around the world on her PC to see what some of the bigger players in the industry are accomplishing. If just some of what these articles report is true, the future of 3D construction is building quickly. Here for your wonderment is Edifice Rex:. Last year, Dubai launched the Dubai 3D Printing Strategy, which focused on additive printing of medical products, consumer products, and construction.

We should have a share in this growing global market. This technology will restructure economies and labour markets as the use of unskilled labour will come down compared to the current situation, especially in the construction sector. Another contractor built the roof, stairs, doors, and bathrooms. Chinese construction company Winsun made headlines in for 3D printing 10 standalone houses in China. Quigg has a new partner - DS Jane Dwyer from Vice, but it's just for one case, and she doesn't like him. A woman has been murdered and it looks like a vampire is feeding in Highgate.

Rodney Crankshank is still on the trail of the person who murdered his colleagues at Bulldog Investigations, but its dangerous work. Lucy has decided to go back home to Quigg, but someone is determined to stop her. Published: June 11, Tom Gabriel is asked by Giuseppe to go back to Staten Island and find out who killed his friend — the bag lady — Horty. Words: 84, Published: April 7, Parish and Richards are given the baffling case of a man drained of blood, but this murder is only the beginning.

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Stick and Xena investigate a series of double murders, but nothing is ever as simple as it first appears. Jerry and two other students are tasked to produce a project on D-Notices, but things quickly spiral out of control, and then Bronwyn gets involved.

Words: 82, Published: February 2, When Epping detectives put Carrie's murder on the pending pile, Parish knows that he must find her killer. Jerry goes back to work, and decides to take things easy. Published: November 10, Words: 11, Language: British English. Published: October 17, This book is for writer's to cherry-pick body language for their characters. It does what says on the cover - it's an A-Z list of emotions, attitudes and feelings with the associated body language.

Updated version. Now with a linked Table of Contents and Index. Published: June 17, Stick and Xena are working to solve the case of a young woman found in a wood. Published: March 19, Parish and Richards are on a body hunt. Words: , Published: January 30, Quigg and Kline face their most difficult case yet - unravelling the mystery behind the dismembered body in Bleeding Heart Yard.

Kline goes on a journey of discovery with a holocaust survivor, and Lucy has her own trials and tribulations. Words: 92, Published: October 1, Parish, Richards and a DI from Norwich investigate the death of a child, which is linked to child abductions across the southeast. Parish also receives a severed tongue and a location in the post. During his travels he must help a desperate Cookie who is on the run.

Published: August 4, Published: March 31, Jerry gets involved with a woman who thinks someone is trying to kill her, so she asks Cookie for help who gets herself into serious trouble in doing so. Published: February 5, Quigg and Kline are struggling to fit the pieces of a multiple murder together when the past and present intersect in Room 13 at the Waterbury Hotel in the horror theme park that is Grisly Park. Published: October 27, Chief Kowalski and his wife Jerry are accused of Satanic Ritual Abuse of their children, who are taken away by Social Services - Kowalski has another heart attack and ends up in hospital The story continues.

Published: September 1, One turns out to be unfinished business, the other is very close to home.