to physical therapy for a better life. I'm your host, Christine Linders, board certified orthopedic physical therapy specialist. Today we are talking with former pro beach volleyball player and current coach, Alika Williams, about the benefits of fitness and beach volleyball regardless of skill. Welcome, Alika, and thank you so much for coming on the show. Aloha, thanks for having me. Oh, this is fantastic. So tell me, I am dying to know, so is everybody else. How did you get started in beach volleyball? I kind of started from the beginning. I was, I grew up on the big island and my parents were athletic. They played tennis and so I grew up playing tennis and played some soccer and was in the water a little bit. But in ninth grade, I was lucky enough, I got into Punahou school. So I moved over here to Oahu. And as most people know, Punahou is a very, very, they have a very strong boys volleyball program. And on top of that, my mom's brothers, the crab brothers, my mom is a crab. So Chris and Tony crab, back in the 60s and 70s and 80s, they're big time volleyball guys. They coached and played at the highest levels professionally and my uncle Tony coached in the Olympics in 84 when they won the gold medal. So upon my arrival here in 1989, I got spurned onto this whole volleyball scene. And once I got to the bug between Punahou and Outrigger and my family and it was the snowball started and boom, here we are. 30, 25 years later and 30 years later and volleyball is my profession now. So here we are. That's amazing. So you played a little bit of a pro. How old were you when you were doing that? Out of college, I played in indoor volleyball at Santa Barbara and I graduated in 1998. So I was on the tour from 99 to 04, about five years. Got my feet wet and played against some of the best players in the world, which was pretty awesome to go up against those guys and the big names. And it was a pretty big time in beach volleyball. Men's volleyball was real strong at that time and pretty awesome to play some of these guys who won medals and made the Olympics and were all American and national champions and got to rub shoulders with those guys. So that was really awesome. That's really cool. Now, I don't know for anybody that's in my age, did you wear any dig this attire? You know, I was cut when I was in the 90s, beach volleyball I think was at its peak. That was when it was really booming. So like I said, when I came over here in 1989 and through the 90s when I was in college, the beach volleyball apparel was off the hook. So yes, all that fun stuff where there was Massimo or side out or club sports where there was all those lines that were real big at the time. And unfortunately, it's not what it used to be. The sport has shifted as far as apparel and it all goes hand in hand with the prize, money and the exposure. But there's still some of that. My good friend Billy Berger up in California, he's kind of taken over the side outline. He's trying to make a little bit of a comeback with that line. So it's kind of cool to see. I would like to see that. It's like surfing, beach volleyball and surfing. Every sport is triathlon too. Every sport is taken off in a different direction, like apparel lines and things like that. And I think like side out is such a great line. I'd love to see that come back. So now let's talk about you as a coach. I am fascinated with coaches and I'm fascinated with you on how you can coach beginners, advanced, people that don't know beach volleyball, tell me a little bit more about beach volleyball and how it can be for your life. Yeah, kind of just touching back on my history.  For a lot of us, coaching is just kind of like a process and evolution of you as a volleyball player.   So I mean, I've been coaching volleyball since high school, helping out the younger boys and younger kids and from that standpoint, it was pretty easy, it was pretty easy and it just transitioned over to the beach because I'd spent so much time playing beach volleyball and again, coaching is just kind of the way, the path for me is gone and now here I am coaching and I like to, I'm not just a coach, I like to kind of throw a personal trainer, a personal coach in there.  They come to me for an hourly, weekly lesson and like I said, it's just a lifestyle, they're just out there to get a workout and have some fun with some friends and continue on with the volleyball that they're playing. So sorry, I just got a call from you. Anyway, so yeah, that's just kind of where I'm at right now. And we can touch on my Hunakai service some more as we get through this conversation but that's kind of the history of how I got into coaching and why I am where I am today. Yeah, I think that's amazing. I love that, we were talking a little bit before the show on how, I love beach volleyball, I've been playing and I played in college and I've had all these injuries and never thought I could play again and then I moved to California from Connecticut and there was beach volleyball and I never knew there was beach volleyball for me. I just watched like Steve Timmons and Karch Karai playing and just loved those guys in high school but I get to California and there's all these nets set up and so I thought, oh, I don't think I could play because of my shoulders, I've had four surgeries and I met my friend Scott who said, let's go down there and with the ballers and we've got this purple and pink ball and leave a pep around and I realized I could still play volleyball and enjoy it. I didn't have to hit the hard court like with my arms outstretched and so that's kind of how I got started in beach and I realized, wow, I can still be a volleyball player and with my injuries and things that I suffered in high school and in college and so when I get to Hunakai Park to meet with you I was talking about earlier how I can have all this stuff going in my mind and I do wanna improve my skill and I wanna stay in the game how I can and maybe I can't play four hours but when we get there for that hour I get a great workout, I get great skill training from you and I just think it's an amazing thing. That's why I wanted to share this with everybody because I also know people who come there and they come there because they love volleyball they don't really care if their skill improves they just wanna play and they wanna get a great workout and so I feel like beach volleyball in a way is for everyone and I want people to know that. Do you know?  But the part about Hawaii is the beach is narrow and there's no space in California there, you know, it's in Hoyt's the beaches for the sunbathers and if there's a little extra room besides that we're gonna put up some courts but as we all know that, you know the sunbathers are what drives the economy here so that's important that that beach is used for the tourists and to make sure they're taking care of but in California there's not enough sunbathers to go around that's how big beaches are Hermosa and Manhattan and it's, you know they're down by the water and there's probably a half a mile wide stretch of beach that's just sitting there empty so you know, whoever the powers that be or back in the day said, let's put up some nets here so there you have it Santa Barbara, East Beach, Huntington, Hermosa, down in San Diego so pretty easy for it to become a lifestyle a place like that, right? You get the adults, I did do some coaching on the beach up there and it was great because I would be home during the week in California between events and it stays dark so long up there in the summer they have these adult clinics and lessons, you know nightly where they're down the beach till nine, 10 o'clock to stay light and these people are in it for lifestyle, you know they love being with a group of friends and hitting the ball around and you have no problem paying a professional to help, you know, run them through drills help them prove their game show them how to play the game so in California it's the place to be I mean it's ground zero for that lifestyle and like you said, the injury part that the body part playing on that soft surface and longevity, you get people playing into their 80s just because non-contact sport soft stands it's not as rigorous as indoor, you know it's more of a finesse game moving the ball around not as much of a power game and as we all know the power stuff is where you get her rotator cuffs jumping on the hard surface, the knees, the joints you know I got lots of friends that just stuck to the indoor indoor demographic or domain, whatever you want to call it and they're busted up, you know they went and made their money in Europe playing professional indoor they get maybe 10 years out of it at most they make a lot of money but they're not playing much volleyball anymore they're getting surgeries or getting new vips they're getting new shoulders and so yeah it's definitely something special about beach volleyball as far as being able to keep on going and keep on enjoying Yeah I love that you mentioned the soft sand and the deep, the non-contact sport aspect of it and compared it to like court volleyball because a lot of times when I talk to my patients and I talk to my friends about playing beach volleyball and they'll say oh my gosh, wow that's so hard it must be so hard on your body how do you do with all your injuries and I tell them that it's so forgiving like for me to go and run around in deep soft sand is so forgiving because you know what it's harder on my muscles and maybe on my breathing but it's so easy on my joints and so much more forgiving because when you land in the sand the shock is absorbed a lot, I don't know the percentage in the sand and I love it here in Hawaii it's so amazing because I will give people go to a beach and walk in the deep soft sand as an exercise for Achilles tendonitis, plantar fasciitis people that have knee arthritis or they have weak hips I will have them walk sideways in the deep soft sand forward and backward because it's something they can do but they can't walk around their block because they're on pavement and there's no better place to do it than here in the islands it's really just a gift to be here, you know it's amazing. And that's the one kind of bummer about Hawaii is there is a shortage of courts of volleyball courts and it's the false image people get I know a lot of people who they come here or they expect coming here with the beaches and the weather that they're gonna have tons of volleyball here and like I said, the beaches are too narrow in a lot of places, it needs to be used for other things so it is the one kind of false image that Hawaii gets I hate to see when people come here and they're like, we moved here to play volleyball and you're like, ooh, it's a little tricky as you know, there's only a few places on the island, public places that you can really play so it would be nice to see more and not necessarily on the beach but just sand courts put in around town there's definitely space for them and they are costly unfortunately but you know, it's gonna always kind of keep Hawaii a little behind like a place like Southern California where it's just courts for miles you know, that's where you're gonna get these great especially the girls right now there's so much opportunity of up and coming junior girls with college scholarships and opportunity, I mean Southern California for women and up and coming girls is, I mean, they're just producing kids right now and it's just taking off, you know between Title IX and COVID and Kerry and Misty having so much success and then what's the latest gold medalist? I mean, it's just taken off over there it's crazy the depth and the quality of play and the amount of quantity of good players it's definitely a correlation Yeah, as a physical therapist who's been injured in so many places since the young age because I grew so fast and then playing sports without PT or having a trainer, having access to one I would love to see more of those like park courts set up like public courts because it's such a great way to have fitness it's such a great way to prevent injuries because of the softness and it's a great way to have fun and have well-being like tennis courts and pickleball courts I would love to see that I remember I was living in Connecticut and I was driving to Portland, Maine and there was a park where the court and Connecticut I lived there I'm like, we have like so many parks I don't know of a single one that has a court in Connecticut but way up in Maine where it's super cold there is right as I got off the highway there are some sand courts and I think that would be an awesome addition to everyone living on the islands too and which leads me to ask you more how did you get started with Hunakai that's a beautiful park with a beautiful court how did you get into that? Yeah, it's interesting when I came home from playing I was coaching indoor and I get, you know people kind of knew me as a beach volleyball player around town while they're playing in local tournaments with Waikiki or down at the hour rigor or on the main lab and I just started getting inquiries just word of mouth call this a leaker guy, you know help your daughter or help you wanna learn how to play volleyball and I was just kind of moonlighting and kind of getting creative on where to train people and where to do that but obviously not having a sand court accessible sand court I needed to find that and I had some good friends that live in the Kahala neighborhood people I grew up with people I've known for a long time and that park is owned by the Hunakai Park Association and like I said it's made up a lot of these the board itself is made up of the neighbors and that's a lot of people I know and so in 2010 I think in 2008 or nine the NCAA announced women's beach volleyball is gonna be picked up as a scholarship sport so that was kind of like okay, I gotta do this because it's only gonna like I told you earlier it's only gonna explode everything's moving in that direction so I just came up with a proposal and the park they have other tenants there the soccer clubs at play there they all pay rent helps with the upkeep of the park and I just approached them and I said, hey, if I come in here and build a sandbox here I'll be the teaching pro here I'll run the court everything will go through me and I'll pay you guys rent I'll pay for the cost of the court and it's just worked on me now here we are 12 years later I can't believe it's gone by that fast so it's funny the first week in 2010 was my first week of business and kind of side note it was funny because I I had to get the sand from Waimanalo to Kahala and it was a week before a week between Christmas and New Year's and President Obama was in town every time he comes here he goes and throws layers off Halona Point where his mom's ashes are and with the president the secret service traffic they blocked the road wow so I'm waiting and you got to pay these truckers by the hour, mind you so I'm waiting the hole is dug and I'm waiting for my first inaugural dump of sand of the dump truck it took about probably 10 to 20 truck loads of sand to fill that box but I'm standing there standing there twirling my thumbs and I'm going where is this truck? I'm calling them and the truck driver's telling me I'm stuck at Sandy Beach because the secret services blocked the road so anyway, it was just a fun story like I'll never forget you know, it was when Obama was in office and he comes and does his Christmas trip here and him holding up my traffic and having to pay the trucker extra and because of President Obama but we'll have to we'll have to send him a link to the show exactly, exactly is it was pretty funny so I'll never forget that that week of building the court digging the hole it was all grass before so I had to take a foot deep out of it by a huge area and we took all the earth and grass out of there and brought sand in and here we are 12 years later I can't believe it's been 12 years I didn't even realize that I've been in Hawaii for three and a half years and so I think I knew about you for two and a half of them maybe, huh? Yeah something like that and it's really cool it's really cool what you're doing there and I know I know when I show up you see younger girls and different age ranges and things like that and I just I think it's such a great thing for everyone to participate in is there yeah, we'll go ahead were you gonna say something? Oh no, just you know with my service it's fun going back to the lifestyle thing because a lot of these especially the parents they're not really educated on the sport they don't know much about it and here's their daughter or their son wanting to get into it and you know, they come down there and they see me training adults and training older people and they're just kind of scratching their head and they don't know about that lifestyle we're talking about, right? They're totally foreign it's totally foreign to them they're like, wait, what? You train adults and it's just four people and it's just a little group and yeah, that's my product you know, I train whoever wants to come and it's you know, you're not signing up for a club or you're not committing yourself for six months you just come for a weekly lesson or a monthly lesson or a one and done lesson then you know I try to keep it all flexible and real easy I'm just teaching beach volleyball lessons and if you want to get better at volleyball and get a great workout like we talked about you know, I really like my product it's very unique especially here it happens in California a lot because again, there's courts but here it's special because there's not really anybody else doing it with that kind of intimacy and service I give people so it's really cool and I've 12 years I mean I got girls kids that I started training they're getting married now and having babies and it's just like you know, they always circle back have been to some weddings and it's just you know, it's kind of it's pretty cool it is an amazing service yeah and I'm really glad we're talking about it I'm wondering how is best for people to get in touch with you if they want to get a lesson because I think you know, I'm always encouraging my patients on every realm to do something it's just depending on what kind of thing they need if it's something for their mind if it's something for their body if it's something that you know, they want to learn a new skill and they're expressing that to me and you know, based on what their ability is not with volleyball but like physically are like maybe they can't take tennis but they can play each volleyball because it's in the sand but the court is too hard for them how do people get in touch with you if they want to take like a one-on-one lesson or pay me and my boyfriend want to come and play volleyball with you for an hour and see where we're at or maybe we want to start playing together in a group but you know he didn't play before and I did or I haven't played before or I am terrible at passing I want to improve those skills like how do we find you or how do people reach out to you Yeah, I mean, Rich, I do whatever you want it's like people come to me and I tell them hey, I can give you a one-on-one lesson and they go a one-on-one lesson in volleyball how is that even possible but you know there's lots of things we can do especially if you're a beginner even I have girls that or kids that play indoor they've played indoor for three or four years and they've never gotten sand between their toes which I always like to say we're going to get out there and we're going to just kind of learn positioning and we're going to do tons of reps we're going to pass 100 balls and we're going to set 100 balls and then I'm going to set you 100 balls and we'll serve 100 balls so that's kind of what that private entails which is a real good starting point and then as far as I'll get a two-person lesson that's oftentimes a partnership there's a tournament coming up oh, the two of us just want to get reps together no one else just you know you can serve us you can do drills working together so there's just different formats and they all work well three-person lesson two sometimes I jump in there and hit the ball around as the fourth and then the fourth kind of the common one because it's two against two and I'm on the side feeding in balls and keep them moving I mean most people know you come to me for an hour it's going to be a better workout than playing for two or three hours just because I got a whole bucket of balls and I'm just firing away you know you play a game you serve the ball to play ends someone goes and grabs the ball hand the ball to their partner are they serving and lots of stop and go but with my groups you know we're moving we're getting the workout we're getting the touches as far as my contact I have a website and it's pretty easy it's HoonakaiHai.com so HoonakaiHI short for Hawaii.com and all my contact info is on there my phone number, my email so you know if you know anybody or anybody's watching this check it out HoonakaiHai.com and you can always come down to Hoonakai Park in Kahala too I'm there five days a week so I'm there a lot the guy with the mask on and the hat and the shades on that's me on most days yeah no it's great I'm glad I'm glad to I'm glad we're doing this show too because you know I don't think I really sent many of my patients to play beach volleyball as a fitness or a well-being kind of thing and so talking to you talking to you before the show and today as the physical therapy for a lifestyle and talking about all those things I think I have a lot of patients who would really love to get a lesson and it would really improve so much of their core strength and everything just to be doing like you said the drills passing 100 balls there's so much every muscle in your body is working to pass 100 balls and you're not even jumping you're just standing rounding your shoulders working certain muscles and passing a ball again and again is so beneficial to every muscle in the body if that's all they did for an hour yeah it's great yeah and I think too just it's such a volleyball especially beach volleyball so unique because it is a team sport but it's also not it's just you and one other person it's more like a partnership a relationship and sometimes that that can be tough that I've seen partnerships well especially on the you know as you get higher and higher level you get some bad breakups as we call them yeah but you know if you're out there having fun and you like your group of friends and it's just three other people that you're buddies with I mean there's no better way you can go play basketball in a league or you can go play soccer you can go play you know lacrosse or whatever everybody's doing and it's just a very different different animal and you can just kind of bang out your workout with four people you know you move it along you play your games fast get your sweat in pack it up go home and then if you want to take it to the next level there are tournaments out there to play in but it's a very special sport and keep going back to the lifestyle it's that correlates to lifestyle and not to sound biased but I think the lifestyle of these volleyball it's much greater than those other sports I talked about as far as just that kind of core group of people you have and you can always go play other people too so you can mix it up so and on the court too a lot you know it's just you and me right just the two of us got to work together and I don't know be on the same page you can even an indoor volleyball you can kind of deflect the energy off of someone by going elsewhere to another teammate another personality but yeah not me at all special I love that you're talking about that we have like one minute left and I just want to tell every point one thing out that you reminded me when you were talking about the teamwork and the partnership and the relationship and I know there's times when I can't use my right arm and so I'm lefty and I remember playing at the outrigger one time and talking to my partner I said I don't care which side I play usually I like both sides because of different strengths I have but I said to my partner for some reason I'm having trouble with this can you do this she's like or she said I'm having trouble with this I'm sorry she goes what can I do to help and I love I'm getting goosebumps I love that that partnership it's not about me being good and you being good it's us being able to make up for some of the weaknesses of our partner and helping that person succeed in what they're good at and so I remember telling her you know what if you could set me here she's like done and it was great and I said or if you could stay back because I'm tending to set you a little bit off that she's like done and I felt so supported I'll never forget it I felt so supported and it's that partnership that teamwork and if you are seeking something like that it's not like oh my God I'm terrible which I get into that too it's just the telling your partner I'm having such trouble doing this and they're like what can I do to help stay off the net and because I'm setting you off and I feel bad you're like gonna hurt yourself and so I just wanted to say that too for everybody that's thinking about doing it that it is they elevate each other you know what I mean and help the other person out too it's not all about you know I think that it really carries over with these girls that play indoor with six people and they're on a team of 12 and there's coaches you know they're not real community yet but you come play beach you get communicative and then things are so much easier and indoor you know it's just like such a great cross trainer for indoor and communication and aggressiveness and alert and being in the right spot it's just such a great thing to do to benefit one's indoor game which is what a lot of these girls are trying to do they're trying to go play college indoor and best way to do this play on the beach kind of sounds weird sounds funny but that's the bottom line life is better when you play beach volleyball and we need to wrap it up Alika so thank you so much for coming on that was amazing we'll do it again thank you so much for coming out and thanks for everyone who's tuning in to the show today and to think tech Hawaii for allowing us to be here as always remember life is better when you listen to your physical therapist and your beach volleyball coach or trainer Aloha everyone Thank you Marlos TechHawaii.com Mahalo


Beltrami County Sheriff Phil Hodab will not seek re-election this fall. Hodab today announced he plans on retiring at the conclusion of his third term as sheriff. Hodab says in a press release that the opportunity to serve the county has been the most gratifying experience in his 42 years of law enforcement. He cites accomplishments in reducing crime in neighborhoods and improve safety on area roadways over the last 11 years. No candidates have publicly announced an interest in running for the sheriff's position, but Hodab says he is encouraging Chief Deputy Sheriff Ernie Beidel to run. Hodab says Beidel has been instrumental in the operation and strategic planning in the sheriff's office. We hope to bring you more on this later this week.


In this video, we will show you how you can mass update information registered in your Super Office database. The feature in Super Office that allows you to do this is called bulk update. Bulk update can be very helpful when you want to mass update different fields in your CRM database, but it is especially useful in helping you get the data you currently have in your Super Office solution to meet the GDPR requirements. To be able to use bulk update, you need to be assigned the functional rights. This is done in settings and maintenance by your CRM administrator. In this video, you will learn how to bulk update contact information from a selection and how to bulk update contacts from a customer card. The examples we use are especially relevant for companies who are in the process of making their database GDPR ready. Let's start by showing you how you can bulk update contact information from a selection. It's best to use bulk update from a selection when you have a large group of people who have the same criteria, but are registered on different company cards. Start by opening the selection that contains all the contacts you want to update. Here, it's our company selection all prospects. Next, go to the task tab at the top and click on bulk update. You are now in the bulk update dialog. Since we are going to update contacts with GDPR related information, we will need to switch from the company tab to the contact tab. The first thing we want to do is to add a field called legal basis where we can log the purpose for storing personal data where we got the data from and who updated it. Click the add button and you'll see all the fields you can choose from. Choose legal basis from the list. Next, make sure the action is set to add update. Then click where it says click here to add legal basis for purpose. Now, we are ready to define the legal basis values for all the contacts in your selection. First, you need to register under consent purpose what you plan to do with the personal information you've received. The list that appears contains the different reasons your company have defined for storing and for using personal data in your business. Let's choose the reason to store personal data for this selection of contacts as sales and service because our intention is to sell to them. Next, we register our legal basis for saving their details. Click on the field behind legal basis and select legitimate interest as the reason. It's also important to add the source of where the consent purpose has been given. In this case, choose created by user as the privacy source because it's you, the user, that is updating this data. You can add a description of the changes you are making. This will help you to remember later why you made this bulk update. When you are ready, click update to update all your prospects. Before the update is set in motion, Super Office will ask you to confirm the update you are about to perform. Click yes if you are sure you want to update your records. You can see all the contacts that were updated in the update log. Click close to leave the bulk update dialog. We have now bulk updated all prospects from a selection. Let's have a look at how you can bulk update directly on a company card. You would most likely use this option if all the data that you want to update belongs to contacts working for the same company. Click on company and open the relevant company card. Click on the first contact. Scroll all the way down and press the shift button while you click on the last contact. Now all the contacts selected will turn gray, showing us that they have been selected. Next, click with your right mouse button inside the gray box. In the menu that appears, choose bulk update. You'll see that this takes you to the bulk update dialog. From here, you can repeat the steps we showed you in the previous example. Click on add and choose legal basis from the list. Then click where it says, click here to add legal basis for purpose. Again, note that our choices for these fields are for demonstration purposes only. Update purpose for storing data to sales and service. In this example, we will choose contract as the legal basis. Next, select the source. Here we choose created by user. Don't forget to add a description when needed and click update, then yes to confirm. You have now learned how to bulk update contacts on a customer card as well as contacts in a selection. Note that you can also use bulk update to update records from inside the diary, sales and on projects. Also, be a bit careful when you use bulk update to update large groups of customers. A mistake might be hard to correct. For more information on how to improve your productivity with Super Office CRM, please visit our community website.


The returns on any risky assets are generally uncertain and their uncertainty is measured by the standard deviation of the returns. On the other hand, the returns on risky assets are certain with zero standard deviation. The rate of return earned on risky assets is known as risk-free rate of return or RFR. Now let's see what happens when a risk-free asset is combined with risky assets through the Markowitz portfolio model. At first we have a covariance with a risk-free asset. We know that covariance between two assets is the sum of their individual main deviations. And for a moment if we assume that in our equation the Ri refers to the return on a risk-free asset, then we know that the returns of risky assets are certain. This means that the standard deviation of returns on risky assets and their main deviation both are equal to zero. This means the covariance of risky assets with any risky asset will always be equal to zero. This means that correlation between any risky asset and the risky asset would then also be equal to zero. What will happen if we combine a risk-free asset with a risky portfolio? We have two effects of this combination. The first effect would be on the expected returns. We know that the expected returns of a portfolio that includes a risk-free asset with the collection of some risky asset is basically the weighted average of the two return streams. This means that the equation would be equal to weight of risk-free asset into risk-free rate plus 1 minus weight of risk-free asset into the expected return on market portfolio. If we analyze this equation, we can understand that the expected return on portfolio has a linear relationship with the expected return on the market. The second impact in this connection is to be considered on the standard deviation of the expected return. The expected variance for a two-asset portfolio as we know that it is the sum of the weight of weight 1 of the standard deviation of risk of an asset 1 plus the weight 2 of the standard deviation of the asset 2 and the covariance between these two assets. Now if we substitute the risk-free asset for the security 1 and any risky asset portfolio which is portfolio M for the asset 2, this means that if we replace asset 1 with the risk-free asset and asset 2 with the risky portfolio, the equation will remain the same but with the replacement of the expressions. We know that both the standard deviation on risk-free rate of return and the correlation between risk-free asset and a risky asset is equal to 0 when we place 0 in the second equation, we will basically have the standard portfolio riskiness which is equal to 1 minus risk weight of risk-free asset into the standard deviation of the market portfolio. And the result is also the same as we have seen in our previous slide that this portfolio of the standard deviation is basically in this particular case is also the linear proportion of the standard deviation of the riskiness of the market portfolio. Now after these two workings when we have a risk return relationship between the portfolio's riskiness and the portfolio's expected return, if we manipulate a little mathematical equation, we have a conclusion in the equation that the expected return on portfolio is basically the summation of risk-free rate and the risk premium of the investor per unit of risk. If we interpret this equation, it will say that investors who allocate their money between a riskless asset and a risky portfolio M, they can expect two things. Number one, a return equal to the risk-free rate and number two, a compensation for the number of risk units. These are the two rewards that an investor should expect when he combines a risk-free asset with a risky portfolio. And this particular expression confirms the investment theory which says that investor basically performs two functions in the capital market for which he expects to be rewarded for the others to use their money in exchange for the risk-free rate. This means that whenever an investor comes into the capital market, he needs a compensation for the amount he gives to other in exchange of a risk-free rate of return. And second, the investment he puts in risky assets, he bears the risk that the returns promised with that particular investment will not be repaid to him. So, these are the two rewards, reward first as a risk-free rate of return and reward two as a risk-free premium for which an investor comes into the capital market. Now, what happens if we combine a risk-free asset with a risky portfolio in this continuation, we see that a linear combination between the expected return and this riskiness for such a portfolio helps to draw a graph of possible portfolio returns and risk. And this graph shows a straight line between the two assets. And that straight line we see here which starts from RFR at the vertical axis and it goes on here. That line is termed as a CML or the capital market line. Basically the equation which we have seen earlier is called as the CML equation. This CML is in fact a straight line who has an intercept at risk-free rate and its slope is equal to the expected risk-free premium. So, that is the slope which is basically equal to the expected risk-free premium per unit of market riskiness. This CML defines the relationship between expected return on a market portfolio and the riskiness of the market portfolio. And the slope of the CML shows the investor's overall attitude towards the risk. And now for a short while, if we assume M as a market portfolio which comprises of a single risky asset to minimize the risk-free premium. This means that M is the market portfolio containing all risky assets held everywhere in the market. So, this means that this market portfolio will receive highest level of expected return in excess of the risk-free rate. So, if we draw this up to this, then the difference from this to this will be the excess return, excess over the risk-free rate and that is the excess return. And this excess return is measured in terms of the riskiness of the market portfolio. In this way, we see that the earlier equation which is basically explaining two things, the risk-free rate and the market risk premium per unit of riskiness, that equation is basically the CML or the capital market line. Now if we draw a straight line using various combinations starting from a risk-free asset and combining with the many risky assets along with this market Markovitz efficient portfolio. For instance, we have this combination from RFR to the portfolio A that RFR A is the combination that is lays alongside the market portfolio. Then any combination on this line would dominate the portfolio possibilities that fall below it. For example, if we see another combination that is RFR to B, then RFR to B is a portfolio that is above the portfolio of RFR A. The portfolio of RFR B is dominating the portfolio of RFR because at this portfolio the expected return is higher having the similar or same level of riskiness. If we continue to draw lines similar to RFR A or RFR B at the efficient frontier with the increasingly higher slope, then we will reach at a point that will be tangent to the market portfolio. Then we will say that the portfolios along line RFR M will dominate all other possible combinations that investors could form. For example, at point C, this point C could be said, let's say while investing 50% of the assets in risk pre-securities and the remaining 50% of the amount in portfolio M. So, we will have an other efficient frontier alongside the Markovid's efficient frontier. While adding these lines, we will have a complete straight line with all the feasible combinations that the investor can set. This means that our CML basically is now an other efficient frontier that combines the market efficient frontier of the risky assets with the ability to invest in the risk-free security. So, in this way, we will be having two efficient frontiers. The first is the Markovid's efficient frontier with the risky assets and the other is the CML that is containing a risk-free assets. Now, what will happen if we put the leverage into our investment? Then to attain a higher expected rate of return, then the return which is available at portfolio M or the market portfolio excepting a higher riskiness, what will happen? This means either we need to invest along the efficient frontier beyond the point M and here we have at point D. This means that we can extend our investment to point D or we can add leverage to our portfolio while borrowing funds at the risk-free rate or the RFR rate. Then we will invest in risky portfolio at M. In fact, this is depicted at point E. So, in this case, through the leverage, we will be extending our expected rate of return with the higher standard aviation or the riskiness of the portfolio. Now, what is the effect of this leverage on our risk return combination for the portfolio investment? If we borrow at the risk-free rate, then it will have two effects. First, let's see on the expected return on market portfolio. We see that expected return on market portfolio will be increased in a linear fashion alongside the CML because this return increases in proportion to the borrowing because the investor must be interested at the risk-free rate on the borrowing that we see here that as we have earlier seen that expected return on a market portfolio is the weighted average return on the risk-free rate and weighted average return on the market portfolio. With the portion of borrowed capital, our portfolio return will increase in linear proportion to the borrowing. Now, let's see what is the effect on the portfolio riskiness of the leverage. We see that the effect is as same as the effect of leverage on the expected return of the portfolio. It moves in linear fashion with the borrowing proportion. So, we can say that both the return and the risk of the portfolio increase in a linear fashion alongside the CML in the presence of the leverage.


punctuation matters. Let's call Grandma means I want you to help me make a phone call to our grandmother. Let's call Grandma means I'm talking to Grandma. This sign says that three things are not allowed. There is no smoking food, no drinks photography, and no pets. This sign says women's way. Unfortunately, women is already plural. You need an apostrophe s to show possession. This sign says that flour tortilla filled with fresh halibut, mayonnaise, lettuce, and pico de gallo belongs to one halibut taco. I think they meant that there are more than one halibut taco. It should be plural, halibut tacos. Andy's barbershop is correct. This is the barbershop that belongs to Andy. But let's look at the blue sign. Barbershop. This means that more than one barber goes out to buy things. This is a very strange question. Do you have a library card because I'd like to check you out? I think they put the question mark in the wrong place. This sign has two mistakes. Fire. It will swallow everything in its way. Only we pretend, see the quotation marks? Only we firefighters can stand up to it. Be careful with punctuation. It really matters.


Lux presents Hollywood. Lever Brothers Company, the makers of Lux Flakes, bring you the Lux Radio Theater, starring Anne Baxter and Phil Harris in You're My Everything. Ladies and gentlemen, your producer, Mr. William Keely. Greetings from Hollywood, ladies and gentlemen. I wonder how many of you recall when the billboards first carried huge advertisements for motion pictures, reading all talking, all singing. Yes, the talking picture was here to stay. And with it came new stars, actors who could not only act, but talk and sing and dance.  It's a musical, a comedy and a drama all in one, as it tells the love story of a song-and-dance man and an actress. As our stars of this 20th Century Fox screen hit, we have Anne Baxter in her original role of the actress and Phil Harris playing the part of the song-and-dance man in You're My Everything. And of course, Lux Flakes can be You're Everything when it comes to wonderful washing results. Years and fashions come and go, but Lux Flakes remains on top as the choice of discriminating housewives. Now, here's You're My Everything starring Anne Baxter as Hannah and Phil Harris as Tim. Boston, the 1920s. At the Belmont Theatre, a matinee performance is underway. And for the fifth time in two weeks, a pretty young lady named Hannah Adams is in the audience. Believe me, the show isn't that good, but there's an affable young man on the stage named Tim O'Connor.   If you all answer the call when your professor cries, everybody down on the heels, up on the toes, stay after school, learn how it goes. Everybody do the varsity drag. Waiting for the rain to let up. Gesundheit. Oh! I only said Gesundheit. Yes. Oh, thank you, Mr. O'Connor. You know me? Oh, no. No, no, I don't, but I just saw the show, and I think you're... I think it's simply... You should have brought your umbrella. Yes. Look, speaking of umbrellas, do you know of a place around here where a fella can get a good steak dinner? No, not exactly. Maybe some nice seafood, spaghetti even. Anything as long as it isn't baked beans. Baked beans? Oh, not that I've got anything against your famous Boston baked beans. In fact, I'm a great admirer of beans. I regard them as the bulwark of our civilization, but after three weeks of a steady diet...  Well, be nice seeing you. Wait, wait, I do know a place where they serve a good home cook dinner. Oh. I'll be glad to show you for like. I like. Well, I'm going in that direction. There's no sign of a taxi. Is it very far? Oh, not if you don't mind walking. It's in Louisburg Square. Louisburg Square? Oh, but I know a shortcut. This way, Mr. O'Connor.  This doesn't look much like a restaurant neighborhood. Where are we anyway? Louisburg. You mean we're not even in Boston? No, I mean this is Louisburg Square. Oh. Ritzy, huh? Well, the people who live here think this is just about all there is to Boston. Yeah. Look, how much further is this restaurant? Well, this is it. Right here. This? But this looks like somebody's house. Hey. Kind of expensive, huh? Oh, no. No, no, isn't it all expensive, but I want to tell you the truth. Oh. Well, aren't you coming in? Oh, good evening, Father. Father, this is Mr. O'Connor. Mr. O'Connor? My father, Professor Adams. Nice to know you, Professor Adams. Mr. O'Connor is having dinner with us tonight, Father. Really? Well, splendid. Splendid. Come in, Mr. O'Connor. Thank you, sir.  Hmm. You know, this joint looks okay. Oh, good evening, Mother. Good evening, dear. Mother, this is Mr. O'Connor. He's going to have dinner with us. Oh. Well, we're very happy to have you, Mr. O'Connor. Thank you. It's very nice to be here. Father, be right in. Yes, dear. Oh, oh, excuse me. And this is my Aunt Jane from Salem. Where the witches come from. Good evening, young man. Good evening. Will you excuse me for a moment? I'll be right back. Don't be long, dear. Dinner's almost ready. Oh, tell Elizabeth to set another place. Yes, Mother. Well, Mr. O'Connor, did you go to the symphony this afternoon, too? Symphony? Oh, yes. That's where Hannah's been. Didn't she tell you? Oh, she didn't mention it. That's strange. The symphony seems to be the only thing Hannah's interested in lately. As a matter of fact, Mr. O'Connor, I am the only unmusical one in the entire family. Like General Grant, I know only two tunes. One is Yankee Doodle, and the other one isn't. There. You see, I told you I wouldn't belong. We were just about to discuss music, dear.  Oh. She was surprised that you hadn't mentioned it. Perhaps Hannah didn't mention it because she wasn't there. Wasn't there? Perhaps she was at the Belmont Theatre again. Jane, how did you know? Well, I'm not exactly a recluse. I saw you there last Saturday ogling Mr. O'Connor here, along with the rest of the flappers. No kidding. How'd you like the show?  I prefer not to answer that. So, you're an actor, Mr. O'Connor? Well, I wouldn't go so far as to say that, sir. Here's what they call a huffer. How interesting. Well, we were just standing there, and Mr. O'Connor asked me if I knew a place where he could get a good steak. Oh, what, dear? Well, it was raining, Mrs. Adams. You see, I was... And he said he was tired of eating. And you know how it isn't a strange time. And besides, mother, you're always talking about Boston hospitality, and I just thought it would be nice to bring him home. Oh, yes, dear, of course, but I... Well, I suppose I ought to apologize, Mrs. Adams, but you see, I really thought that this was a restaurant. A restaurant? Yeah. Well, it's quite all right, I suppose. Oh, yes, indeed. Glad to have you. Dinner is served, Mrs. Adams. Oh, thank you, Elizabeth. This way, Mr. O'Connor, and I do hope you like Boston baked beans. B-b-banes! Oh, mother! Yes, dear? Oh, nothing, I guess. I'm sorry, Professor, to eat and run, but you know how it is, the show must go on. Unfortunately. Yeah. And thanks for a very nice dinner. Oh, I had a hat, didn't I? It's right here, Mr. O'Connor. Oh, oh, thank you. Goodbye, Mr. O'Connor.  Yeah, thanks. Hey, uh, would you step outside for a minute?  Advice? Oh, look, it stopped raining. In the future, you better be careful, see? I mean about the kinds of guys you pick up. Oh. First thing you know, you're going to bump into one of them cats. It's going to try to date you up for lunch tomorrow, and you know what that sort of thing leads to. Well, will you? Uh, well, I what? Have lunch with me tomorrow? Oh, but I couldn't possibly do that. What time? 12 o'clock. Oh, I don't think my mother would like it. Where? Hopefully Plaza. Oh, yeah.  Like this. Oh, thank you for warning me. Yeah, I feel better now. Good night, Hannah. Good night, Tim. But you just can't have lunch with me and then rush right off besides I have a surprise for you. Come on, we're going in this store. The music store? What for? You never knew I made a phonograph record, did you? Tim. Well, it's nothing much really. It's just a record. Oh, I can't wait to buy it. What song did you sing? Now, take it easy. Maybe they don't even care. Well, maybe they're all sold out. Yeah, well, let's find out, huh? How do you like it? Terrific, huh? That's the only record I ever made. Oh, it's wonderful. But I can't tell which one of the singers is you. Well, keep your shirt on. I'll tell you when. Oh, look, that corsage. Be sure and put it in the icebox when you get home and then you can wear it again when we go to dinner tonight. Oh, Tim, I can't. We always go to Uncle Edward's Thursday nights. Uncle Edward's? Oh, we've been going to Uncle Edward's every Thursday night for years. Well, just think of what a relief it'll be for Uncle Edward when you don't show up. I'll pick you up at 6.30. Oh, but I can't, Tim. I shouldn't really. Hey, wait a minute. Here it comes. This is me. Now. Well, how'd you like me? Oh, it's beautiful. Yeah, I'd do that same phrase solo again a little later on. Hey, now about tonight. Tim, please let me listen. I want to hear you again. Yeah. I can't understand why this record didn't sell better. Tim, hadn't you better go now? Your taxi's waiting. OK. Oh, I left a ticket at the theater for you for the Mars matinee. I won't be there tomorrow, Tim. What do you mean you won't be there? Do you know that I've seen you every day for 10 days? Yeah. But tomorrow's our last matinee. We're closing Saturday night. I just think we shouldn't see each other again. Hey, what is this? Well, you said yourself it can't mean anything. We live in two different worlds. Well, yes, we do. But I don't see why we can't go on seeing each other as long as I'm here. I'd rather not, Tim. Then you want this to be goodbye? Well, isn't it?  If you want me to. I don't suppose I have to tell you how swell it's been knowing you. Goodbye, Tim. Yeah. So long, Hannah. Aunt Jane. Well, I think it was very nice of you inviting me here for afternoon tea, but... Speak up, Hannah. What are you trying to say?  I most certainly am. And there he is. Oh, no. No. The Mrs. Adams I presume. Good afternoon. Oh, Tim. I was beginning to think you hadn't got my note. Carrying it right here next to my heart. Hiya, Hannah. I'm fine, but I... Well, I suppose you're wondering what this is all about. Can't shoot a man for wondering. Very well, Mr. O'Connor. Just what are your intentions toward my needs? Aunt Jane. My what? You've been seeing her constantly. Well, up until night before last. Either your intentions are honorable or they aren't. Certainly they're honorable, but I never... But you don't want to marry her. Oh, Aunt Jane, I... Yes or no? Well, I don't know. That is not exactly it. Not exactly? No, I guess I didn't mean not exactly. I... Before you go into any highfalutin notions, young man, let me tell you something about this girl. She's an 11th-generation Bostonian. Seven of her male ancestors in a straight line, including the two that came over on the Mayflower, were ministers of the Gospel. The other four were professors of Greek at Harvard. Oh, Harvard, huh? Oh, Aunt Jane, he's not interested in that. Look at her. Any fool can see she was cut out to marry a man of family and position. Well, that's exactly what I told her. And yet you deliberately set out to make this child fall in love with you. Now, wait a minute. Maybe my family don't have a lot of money and never learn Greek, but they've always been pretty swell people and a lot of fun. Say, just who do you think you are, anyway?  You may not have any blue blood in you, but at least you've got blood. How could you... How could you do such a horrid thing? Well, Hannah, if it's of any interest to you, I think you should marry him. Huh? Marry him? After what you've said? Oh, for heaven's sake, we're talking about something important.  What difference does it make how it settled as long as it's settled? Well... Well, don't you think Hannah's mother and father might have something to say about this? Don't worry. They'll have plenty to say. But make up your minds if you've got any. I'm going to powder my nose. You can both end up all made as far as I'm concerned. Oh, how could she say such things? I'm not worried about her. The point is... She had no right to. You don't have to marry me. I don't have to marry anybody. What makes her think I'd marry you? I wouldn't marry you now. Oh, be quiet. I'm trying to think. Well, I wouldn't anymore marry you than you'd marry me. You know how much I make a week. Wait till I get Aunt Jane home telling me we were going to have tea when all the wires... Well, how am I supposed to support a wife? Steak 30 cents a pound. Eggs 22 cents a dozen. What? Then I'd have to pay your railroad fare, your hotel bills. I said it wouldn't be fair to ask any girl to live on what I make. Oh, but I wouldn't cost much. Why, the laundry alone, now, if we're traveling, we'd have to... Well, I'd do the laundry, and I could learn to cook and as far as... Of course there's always a chance they might be able to use you in the chorus. Me? On the stage? What's the matter with the stage? Well, nothing, only I can't sing or dance or... What's that got to do with being a chorus girl? Besides, you... You don't love me. Who said I did? Well, you certainly never said you did. Oh, for the love of mine. Do you think I'd have wasted all this time if I didn't love you? But you never said... Well, haven't you got eyes? Can't you see that I love you? Yes, can't you see? It's written all over him. Hey, Aunt Jane, you know something?  I agree with him. And to prove it, I've just arranged your wedding for you. I've even ordered the ring and the flowers. Oh, Aunt Jane, I... I just don't know what to say. Don't say anything. Just go ahead and kiss the man. Yeah, just go ahead and kiss that man. Tim... That's more like it. I was afraid I'd have to do that for you, too. Hmm... Hannah. That's enough. Hannah. Why, Hannah Adams! Before our stars return with act two of You're My Everything, here's Libby Collins, our Hollywood reporter, with the lux movie news of the week. I've just seen a picture that makes me want to stand up and cheer and cry and see it all over again. Daryl Afzanik was inspired by the famous Marine hymn to title his production for 20th Century Fox, The Halls of Montezuma. The story is dramatic and tragic. About a platoon of Marines on a Japanese-held island who risk almost certain death to carry out an operation that will ensure the success of a general attack. Where is the love interest? In love of country that overbalances fear, inspires the men with hope and courage. Richard Widmark is the lieutenant in charge who demonstrates the importance of taking prisoners instead of shooting them. How were the battle scenes filmed? Well, they were actually shot during the giant Marine and Navy war games held in May at Eliso Beach. A beach location sounds like a pretty good assignment for most of the players. Oh, it was. Richard Widmark rented a house there for his wife, Jean, and their little daughter, Anne, while he was working on The Halls of Montezuma. Smart beach resorts call for so many clothes changes. Their bags must have been bursting. Well, Mrs. Widmark took less than you think because she's a luxe fan. Luxe is a must for all the washables in her wardrobe, from play clothes for the beach to sheer formals for evening. Little Anne wears only luxables. They're so practical for everything from sun suits to party dresses. Jean is bringing her up to be a luxe girl just like Hollywood's best-dressed screen stars. Yes, Hollywood screen stars. Smart women everywhere have that luxe look, that nice-as-new-look fine washables have when they always get gentle luxe care. It's a fact, proved by repeated washing tests, that luxe care keeps colors lovely up to three times as long. Experimenting with wrong washing methods is one of the surest ways to invite fading. Gentle luxe care is so quick, so easy, so safe. It keeps the most delicate colors lovely as new far longer, wherever you are. No other soap, no other way of washing does more for colors. Why don't you do as Hollywood's famous do? Use luxe flakes for your blouses, dresses, sweaters, the children's things too. Get a big box of luxe tomorrow and give all your family's nice things that lovely luxe look. Now, here's our producer, William Keely. Act two of You're My Everything, starring Anne Baxter as Hannah and Phil Harris as Tim. You've heard, of course, of chorus girls who get married and go into society. But how many society girls have you heard of who get married and go into the chorus? That's exactly what our Hannah has done to the consternation of Boston and the confusion of the chorus. Well, anyway, Hannah's very nice to look at and the show's doing fine. It's moved to Chicago now and tonight, backstage, Tim's brought someone into the dressing room. Well, go ahead, Mr. Flum. Step right up and tell my little bride why you're here. Well, Mrs. O'Connor, how would you like to go to Hollywood? Hollywood? What would we do in Hollywood? Believe it or not, baby, Mr. Flum is a talent scout and he seems to think this O'Connor guy might do pretty good in a cinema. You? In the movies? Not bad, huh?  Yes, of course. We'll pay all expenses during the test, Mrs. O'Connor. Sure, if worse comes to worse, we can always starve. Oh, I'm not worried about that, darling. You'll be as good as anybody they've got out there. Better. Well, I'll be bigger than Valentino and Tom Mix rolled into one. I'll be another Rin Tin Tin. Uh, incidentally, we're leaving Sunday night. Sunday night? Then it's all set, Mrs. O'Connor. I can wire the coast. You heard it, Mr. Flum. I guess we're going to Hollywood. Okay, boys, get ready. Lights and cameras for the O'Connor test. I'm all set, Mr. Blanton. You're ready for me, huh? Clear the set, everybody. Oh, Mrs. O'Connor. Oh, yes? If you'll just wait over there, please. Oh, yes, yes. Uh, you all right, old boy? Oh, me? Sure, sure. But, uh, you're still going to tell me what to do, aren't you? Naturally, old bean. I am a director, you know. All right, boys, we're ready. Music, camera. Just stand there, Mr. O'Connor. That's it. Now then, you reach for your cigarettes. Nonchalance, old boy. Man of the world, you know. Okay, Bert? Okay, Mr. Blanton. Now light the cigarette. That's it. Now you toss the match away and exhale. Exhale, old boy. Blow the smoke out slowly. In curls, I think. Ah, that, Bert. All real swell curls, Mr. Blanton. A little more curly if you can. Ah, good. Oh, very, very, very good. That's it, Bert. Cut! You, you mean that's all? Dear boy, I'll tell you when you're through. Oh, sorry. Now the important thing is your romantic quality.  Could you kiss her? I haven't had any complaints lately. Now let me see, let me see, let me see. Uh, oh, could I borrow you for a moment, darling? Me? Oh, Mr. Blanton, but I couldn't. Nonsense! All you have to do is stand next to him. I'm not interested in you, only in him, his reactions. Now, dear boy, may I be you for a moment? Sure, if you can stand it. Then watch me. Ready, Mrs. O'Connor? Darling, I adore you.  Tell me, tell me that you love me, too. Oh, for goodness sake. I'm terribly sorry, Mr. Blanton. I just couldn't help it. Your mustache. Oh, go ahead, Mr. O'Connor. Try to make love to him. All right, Bert, camera, music. Your arms, Mr. O'Connor. Put your arms around him. Yeah, yeah, but what do I say? Cut! Dear boy, you can say anything you wish. On the stage, you have your speaking voice or singing voice, but motion pictures neither talk nor sing. It's how you look. Okay, okay, I'm sorry. Try it again, Bert. Your voice. Oh, I hope I don't sneeze again, darling. What are you trying to do? Wreck my career just when I'm learning how to be a great lover?  The wrist. The forearm.  Are you sorry I did? I'm sorry that I adore you. Oh, I adore you too. Great lover. Keep going, old boy. Expression? Expression? Well, then kiss me. Will you and make Blanton happy? That's it. Cut, cut. That's old boy. Save the lights. This is a screen test. We have your address, old boy. You'll hear from us one way or another. Thanks for your help, Mrs. O'Connor. Darling, now may I laugh? You do a laugh. Holy Moses, just tell me. What am I doing here? Well, how was it? How did they like it? Only sensational, honey, and to quote Mr. Mercer. Who's Mr. Mercer? Oh, yes. When do you start work? Well, that's the funny part. I don't. What would you just say? Sure, only it seems that they weren't talking about me, baby. It's you. Me? With your push, Mrs. O'Connor, that within six months, half the babies in America will be named after you. Oh, Tim, please, be serious. And once more, they've got a part right now that's just been crying for somebody like you. Somebody different. Mr. Mercer personally guarantees it'll make you star overnight. But they're crazy, Tim. I won't let them do this to you. And I'm not an actress. A personality, and that's exactly what they want in pictures. You don't have to act. No one ever hears your voice. All you have to do is just make those faces. I won't do it. I won't let them treat you like this. Now, wait a minute. Nobody's doing anything to me. I'm a huffer. I can get all the jobs I want.  Now, what's the matter? Tim, I can't do it. Why can't you do it? Well, well, I... I'm going to have a baby. A baby? No. Oh, you're kidding. Oh, why didn't you tell me before? Well, I... I was afraid you might not want one. Well, Juan, want a baby? Why, I wouldn't take a billion bucks for this. At least a million. Oh, where's that telephone? Tim, what are you going to do? What am I going to do? I'm going to call my folks.  I'm going to... Hey. Look at me in that mirror, honey. Hiya, father. Yeah, that's me old dad. Hello, hello, operator. Tim, please, wait a minute. Can you tell me when it's going to be, honey? That's just it. I don't expect it for years yet. You don't... years? I didn't mean I was going to have a baby now. I mean, I... I just meant I hoped to have one sometime in the... next few years. I'm... I'm sorry. So you want to play, huh? No, Tim. Tim, I only meant that I... I'll teach you to play gags on me. If you tickle me... Tim, no! I said, come over here. You're going to get out of that studio. Do you hear me? You don't, huh? I'll ask you once more. Yes, I'll go, Tim. Stop tickling me. I'll do anything. I'll even go in the movies. Well, then, Mrs. O'Connor, let's away. Henry Mercer finds new stuff. A superior picture. Hannah Adams, hailed by studio, has discovery of year. Mercer to star Hannah Adams in the heart of a poet. Baby, the picture's a big success.  Just like Mercer said you'd be. Oh, but, Tim, the heart of a co-ed. Well, you saw it. Only 12 times. It's so silly. What's silly about it? The people love it. What's silly about it? The very first shot. There I am, out in the backyard, hanging up a pair of bloomers. Well... Then Harold drives by and sees me. Did you see what Blanton made me do? First, I wave like this, then I wave like that, a title flashes on the screen. It says, Yoo-hoo! Oh, Tim, really. When'd you start the next epic? The day after tomorrow. Superior pictures present Hannah Adams, America's hot-char girl in flaming flappers. I think you can start it without me, honey. Tim, then you've heard from Chicago. Yeah, it's a nightclub job. Two weeks guarantee. You're accepting it, aren't you? We've been all through that. Oh, I know. I know. You've got to accept.  There's one thing I'm sure of, though. As soon as those two weeks are up, I'm coming right back. Because, honey, I can't take it. Me and Chicago and you out here... And then what, darling? Then I'll hang around a while until I get sick and tired of you and then I'll look for another job, you know, two weeks somewhere else. Tim, I'm scared. Now look at me. I'm scared, honey. I don't know, Tim. All I know, all I'm sure of is how much I love you. That's my hot-char girl. Flaming flappers breaks box office records in key cities. Mercer signing new contract with Hannah Adams. Hannah Hot-char Adams, number one box office star of year. Hey, what about it, Lou? How you doing with my call to Hollywood? Gee, Mr. O'Connor, you called her only night before last. You mean you haven't even tried to... Take it easy, sure I tried. Only it seems your wife isn't home. You don't want to speak to the maid, do you? What do you think? I think you want to speak to Mrs. O'Connor. Hey, that sounds like my cue. Keep trying, will you, Lou? And here he is again, folks, the man you've all been waiting for, Tim O'Connor. Be wrong, but I think you're wonderful I may be wrong, but I think you're swell I like your style, say I think it's marvelous I'm always wrong, so How can I tell?  May I help you? I'm Mrs. O'Connor Mrs. O'Connor? What? Well, you're Hannah Adams. Oh, just wait till Tim knows you're here. Could you find your table please, somewhere out of the way? Oh, right this way, Mrs. O'Connor. Thank you. How can I tell? Deuces to me are all aces Life is to me just a bore Faces are all open spaces While you might be John Barrymore You came to me, say I think it's wonderful I think you're grand, but I may be wrong Oh, gee, I thought it was some kind of a gag when they told me that Oh, baby, am I glad to see you. Tim, not in front of all these people they're all looking at us. What people? There's no one within a million miles of us. At the first time I ever got a hand for a kiss. Hey, but I thought you were in California. When did you get here? About half an hour ago. I took an airplane. Oh, darling, I just had to. Sure, sure, I know. But what happened all of a sudden? What about the new picture? Aren't you starting it? Well, I was. What do you mean you was? Well, I made them put it off. How? Well, I just told them I was going to have a baby. Oh, no, not again. Well, it worked, didn't it? I'm here. Oh, gee, what a dame. I just couldn't stand it another minute, darling. Anyway, why do I have to keep on being a movie star? I want to be with you. Yeah, but this is not going to go on forever, baby. You still got that vacation coming, and maybe now I can get one, too, and then we'll go away together. We'll never go anywhere. Either you'll be working or I will. It's been that way for months, and for what? To build a trust fund so we can have the finest tombstones in Forest Lawn? Well, that's the only time we'll ever be together. Oh, sometimes, Tim, I wish those talking pictures would come in. Hey, how about them anyway? Oh, they sing a song or something in the jazz singer. It doesn't mean anything. It's just a... What is it, honey? What's the matter? Oh, it's nothing. Nothing. Would you look pale or something? I just felt dizzy all of a sudden. I'll bet you haven't eaten a thing. I'll get some hot coffee. Hey, Jack! No, no, no, darling. No, no, I'm fine now, honestly. Now, look, honey, you... Wait a minute. Wait a minute, there is something I'd like. Tim, do you know what I'd really like? No, what would you really like? A great big sourdill pickle. Well, I'll get a whole bowl of... Hannah. Now, Hannah, girls just don't ask for dill pickles unless... I told you I wasn't any good at making up excuses. Holy Moses, I'm a father. And this time, folks, she ain't kid-needed. After a brief intermission, we'll continue with Act 3 of You're My Everything. I have chosen, as our guest tonight, Miss Marsha Walton, popular radio commentator, who draws her sprightly comments on fashion, celebrities and first nights, make her a welcome voice in your homes. What do you enjoy doing most in your work, Marsha? Well, for one thing, describing the Rose Parade in Pasadena every New Year's Day. And then, of course, handling the radio commentary for Hollywood First Nights. Oh, yes, you were the voice that described the Hollywood opening of Warner Brothers' production, The West Point Story. That's right. It was fun, but it wasn't exactly easy with thousands of fans on the entrance trying to get a look at their favorite stars. I had to catch the stars of the picture for a few words. James Cagney, Virginia Mayo, Doris Day, and Gordon McRae. My early training in publicity helped there. And then I described what the girls were wearing. I assure you they looked every bit as glamorous as they do on the screen. Did you see the picture yourself? Well, not until the next night, but I enjoyed it thoroughly. Especially the songs and Virginia Mayo's dancing in the West Point Academy show.  Almost? Well, you and I both know, Mr. Kennedy. Virginia is a luxe fan, like so many of us in Hollywood. Hollywood's loveliest legs always wear nylons that get luxe care. Screen stars like Virginia Mayo and smart women everywhere insist on luxe for stockings, all their nice things. Runs come too quickly when stockings are washed with strong soap or rub with cake soap. Gentle luxe flakes actually makes nylons last twice as long. Strain tests prove it. No other way of washing makes nylons last longer. Luxe has been a favorite of mine for years. Thank you, Marcia. Ladies, why don't you follow Hollywood's example? Give your precious nylons safe luxe care. Get twice the wear from every pair. You can see for yourself how lovely, how flawless Virginia Mayo's stockings look in the West Point story. Give your stockings all your nice things that lovely luxe look. We pause now for station identification. This is CBS, the Columbia Broadcasting System. The curtain rises on Act 3 starring Anne Baxter as Hannah and Phil Harris as Tim. Tim, a lot of time has gone by and a lot of things have happened. For one thing, Tim and Hannah have their baby. Only at age seven, James hardly a baby anymore. For another thing, Hannah's no longer in the movies. Along came talkies and out went Hannah. But if Hannah went out, Tim's come in. Yes, Tim O'Connor is now the biggest star at Superior Pictures. Heartin' me body. Is this the chatter new gitchy? Track 29. Boy, you can give me a shot cause I can afford to boat to Chattanooga Choo Choo.  Leave the Pennsylvania station by the quarter to four. Well, you read a magazine and then you in Baltimore. Dinner in the diner? Well, nothing could be finer than to have your ham and eggs in Carolina. When you hear the whistle blow and ate to the bar, then you know that Tennessee is not very far. Shovel all the coal in, gotta keep rollin'. Boo-boo Chattanooga, there you are. That's it, that was great, Tim, great. All right everybody, that's all for today. Stage five tomorrow morning. Before you go home, Tim, stop over in the office, will you? Sure, sure anything wrong, Mr. Mercer? Oh no, no, but some of our big exhibitors, well, they're complaining about all these musicals. They're yelling for melodrama, serious stuff. And I just thought... Who, me? Melodrama? Me? Look, we'll talk about it later. Just don't worry about it. It's okay with you, honey. I think I'll take Janie over to the studio tomorrow. Oh? Well, she gets such a kick out of watchin' me work. I'm not the proud papa, but honey, you should see her. You wanted to miss school again, Tim. So she misses one day. It's not just that. Tim, you've got that child so spoiled already that all she thinks about is singing and dancing. What's so wrong about that? Don't you want her to be like other children? To know something besides movies? Tim, please. I'm not going to have her childhood spoiled. But what am I doing? Encouraging her. Teaching her your songs and dances. It just isn't right. Okay, honey. That's the way you feel. Honey, look.  Come here. Give me a kiss. Now, Tim. I'm serious. Sure, baby. I know. Look, besides, you're not going to have to worry about it much longer anyway, not according to Mercer. Mercer? Well, he says people just don't go to musicals anymore. They're fed up. They want drama. It's a cycle, honey. A couple of years from now, maybe it'll be musicals again. Who knows? What'll this do to you? I'm a cook goose. I guess I can do what I've always wanted to do. I'm getting out of pictures, baby. I'm going to be a farmer. A what? Well, why not? Now, look.  What do you say? Gee, it'll be swell for Janie. Tim, do you really mean this? Look, just get me out there with those cows and chickens, and you won't be able to drag me back. And it's for these flickers never heard of. Oh, Tim, I'd love it when. Well, I think we can start talking to those real estate operators. Well, say, Saturday. Saturday? Oh, darling. I'm sorry I fussed at you like that. Well, you'd better be. Because I'm a got-to-be-treated right man what needs plenty of lovin'. Even more than plenty. Something like this? Mmm. More. Give the horses a good rub down, Janie. They're pretty hot. Yes, sir, Mr. O'Connor. Had a good ride, huh, Janie? Oh, yes. And give the horses a good rub down. They're pretty hot. Look, big shot. I'll give the orders around there. Yes, sir. Hey, where do you suppose mommy is? Don't you remember? She went shopping this morning. Oh, yeah, that's right. She went shopping. Pop, you know what I read in the Hollywood Reporter this morning? Musicals are coming back. They are, huh? Alexander's ragtime band just broke the house record at the Roxy. You don't say. Well, you can stop hinting, see? Because I'm through in pictures. I'm a farmer. Some farmer. Well, whatever I am, that's what I'm going to stay. Understand? Just mention it, Pop. And you know what I saw in Variety? Well? Bobby Graves is in the hospital. He's got appendicitis. Imagine, nine years old, and he catches appendicitis. Hey, he just started his picture last Monday. What'll they do? What can they do? That kid's a star. They'll have to shelve it, of course. And that's tough on the studio, honey. You know, that's the same studio where mom and I used to work. Gee. I suppose there's no telling when it'll be out either. Well, what are we worrying about the studio for? Come on, look. Let's drive into town and pick out something nice to send to Bobby, and then we... Wait a minute. Yeah, Pop? While we're there... while we're in town... Well? I think maybe we'll stop by the studio. See, Mr. Mercer, maybe. Something tells me you're thinking about something. Just an idea, kid. Your old man has just got a sensational idea. Well, what are we waiting for, partner? Go on over to the car, and I'll leave a note for mom. Just catch your breath and say that over again. I'm in the movies, Mommy. I'm in the movies. That's where we've been at the studio. Darling, do you mind playing outside for a few minutes? I'd like to talk to Daddy alone. Well, sure, Mommy, but gosh, aren't you excited? Oh, boy, where do I tell the mom? Tim? It was just a hunch I had, baby, that wore Henry Mercer's nuts about her. Look, the part's for a boy, see, but I got Mercer to change it to a girl, and not only that, I talked him into giving me a bit part. You see, there's a no-lull southern butler in there, and that way I was gonna be on the set and I was gonna help Janey. Don't you think you might have talked to me about it first? But I didn't know about it first. It was just a gamble, baby. Mercer might have said no. You know how I feel about Jane and working in pictures. Tim, you promised me. I thought you'd be tickled at death. After all, the picture business never did us any harm. You know as well as I do what it'll mean. Long hours, rehearsals, costume fittings, posing for publicity, people chasing after every minute. I just don't want that for her. But Janey's got real talent. You just can't take it. I tried to keep her sweet and simple like other children, but you, you just egg her on. Well, I... I didn't know you were gonna feel this strong about it. See, it puts me in an awful spot. Look, honey, Mercer's got the whole studio turned upside down. They're rewriting the script, then they're gonna... then... I'm sorry, baby. I, I guess I just didn't stop to think. Oh, Tim, if I could just be sure to just be this one picture. Look, I'll give you my word, honey. I won't ever mention it again. I crossed my heart and hoped to die. All right, Tim. You win. You pretty thing. Just me. You big mug. I thought I'd drive out and tell you the good news, Tim. I ran a rough cut of Janey's picture last night in New York. Yeah, yeah. Every adjective in the book, Tim. A real smash. Oh, kid. Chip off the old block, huh? Listen, you ham, you never could hold a candle to this kid. She's good. Well, they want her back east for the opening in Boston. That means you and Hannah. Well, hello, Henry. Hannah, well, I just dropped by to tell you that everybody's crazy about Janey's picture. Oh, and incidentally, not that money means anything to you farmers, but naturally, we want to do a little better on the next one. Well, it is filthy stuff, but we'll worry along with... Next one. Another picture? Oh, no. No, I thought you understood that, Henry. Understood what? What about our contract, the options? What options? Tim, you promised me... Of course I did, baby, but no studio makes a contract without options. Then you knew all along. Oh, for the love of Pete. This is something Janey loves. It's in her blood. Sorry, Henry, but Jane is not going to make any more pictures. Well, this is a fine time to tell me. What am I supposed to say to New York? I don't know. Perhaps Tim has some suggestions. Hannah! Wait, wait, please! Let her go, let her go. I got something to say about this. You better make it good with the mood she's in. Don't worry. Look, you mind waiting? I'll go upstairs and settle this right now. He's deliberately lied to me, Tim, going behind my back and signing that contract. What if I did? She's my child too, you know. And fine care you take of her, making her work all week in that slush and those wind machines so she almost came down with pneumonia. Pneumonia, she sneezes a couple of times and you build it up till she's a... Oh, for the love of Mike. Well, it's not going to happen again, Tim. Even if I have to... Have to what? Even if I have to take her away from here. You'll take Janey nowhere. Now, wait a minute, Tim. Hannah, what's gotten into you? I used to think that you had a brain, but the way you're acting now I... Jane and I are leaving on the first plane for Boston. Oh, that's fine. Going home to Mother, huh? I haven't seen that since your last picture. You out of your mind. I'd like to know who's going to stop us. Look, if you walk out of this house, Hannah, you know what that means, don't you? I know exactly what it means. So if you'll excuse me, Tim, I'm going to find Jane. If you're in the afternoon papers, Hannah, or have you seen them already? No, not yet, Aunt Jane. Take a look at this. Gail, a world premiere of Rebel and Crinoline at Royale Theatre tonight. Boston Society and Civic Leaders pay tribute to Donna. That's very nice, isn't it? I haven't been this excited since the day you and Tim were married. I'm sorry. Where's our movie star? Oh, she's upstairs taking a bath. And calm down. We don't have to be at the theatre till 8 o'clock. Any mail? No. You think he'd wire a right or something today of all days, at least to Jane. I don't suppose you've written to him, either. Why should I be the first one to write? No, no reason. Not in my business. As long as you're both so happy. Well, if anybody calls, I'll be upstairs right now. What a family. Fine thing I must say. The world premiere of my grandniece's picture goes on, and here we are, sitting out in the lobby again. It's just that I'm so nervous, Aunt Jane. Gosh, all those important people in there. What if they don't like it? Don't you worry, darling. They love it. Can't you be just as nervous and I'll reserve seats as here? I guess so, Aunt Jane. Come on, Mother. Whatever you say, dear. It's a pretty corny picture if you ask me. Nobody asked you. Well, we'll see all of the finale anyway. That's when pops the old Southern Butler, Aunt Jane. Gee, he's just wonderful in that number. That, I'd say, remains to be seen. Oh, I'll never forgive either of you, sitting in the lobby and me with an orchid. Will you do the seats, Miss Adams? No thanks. I'm sure we can find them. Look at that, Aunt Jane. Look at him. The vote on the Mississippi River.  Really, Uncle Mayor? Sure, we will. Sure.  Good night, Uncle Mayor. Good night, honey. And now is what we dream about, Aunt Jane. Oh. It's a sweet trip to the candy shop where bun buns play. On the sunny beach at Peppermint Bay. Lemonade stands everywhere. Cracker Jack fans, billy air. There you are. Happy landing on the chocolate bar. Now see the sugar bowl do a tootsie roll with a big bat devil's food cake.  Ooh, ooh. You'll awake with a tummy ache on the good chip lollipop. It's an all night trip into bed. You hop with this command. All aboard. All aboard for candy land. Candy land. Get on the good chip lollipop. This is sweet. Come on, darling. The kitchen's almost over. Mr. Mercer will be waiting backstage. You better come to Aunt Jane. On the sunny beach at Peppermint Bay. Ladies and gentlemen, on behalf of Superior Studios, thank you for the manner in which you have received our picture. And now it gives me great pleasure to bring you someone I'm sure that you here in Boston are very proud of. Little Jane O'Connor. I took you down. Just walk out there and make her to the streets. Knock them dead, sweet heart. Well, well, here goes. Hey, so you think she's good too, huh? Tim. Well, I got here sooner, baby, but I didn't get your telegram. Telegram? What telegram? I can't hear a word that child's saying out there. Well, the wire you sent me. I can't send any wire. Of course you sent a wire. Watch this. Well, you wanted him back, didn't you? Yes, but I... And you've got him, haven't you? Now, wait a minute. You too. You wanted to come, didn't you? Well, sure, but not if Hannah didn't want me. Oh, be quiet. I got both of you into this mess in the first place, and I'm going to see that you don't get out of it.  You. Either hit her or kiss her. Hiya, partner. Oh, Daddy, we missed you so much. Thank you, honey. And please, I don't know how you feel, but let's don't ever go through this again.  From now on, the Confederates and the Yankees plain love each other. And nobody's going to do no seceding from nobody nowhere. No time. No man. Now, we want you to meet our stars, and Mr. Keely has some interesting news for you about next week's show. But first, here's big news about Lux Flake's Holiday Value Sale. Listen to this. A big, beautiful, floral-designed tablecloth in pure white, genuine, long-lasting plastic for just 50 cents. It's worth every bit of a dollar and 50 cents, but you get it for just 50 cents with only two box tops from Lux Flake's. It's full size, about 54 by 54 inches, perfect for your dinette or kitchen table, especially children's meals. It wipes clean instantly with a damp cloth. This offer is good for a limited time only, so order yours now. Get several, they make wonderful gifts. Your grocer has handy order blanks. For each floral plastic tablecloth you order, send 50 cents and two box tops to Lux Box 16, New York 46. Allow three weeks for delivery. That's Lux Box 16, New York 46, New York. Now, here's Mr. Keely with our stars. Now, we follow our usual custom of bringing our stars forward to the footlight for a well-deserved bow, and here they are, Anne Baxter and Phil Harris. Phil, we want to say a special thanks to you for stepping in at the last moment when Dan Daly was taken ill. Well, it was an honor to get to do it, Bill. Phil, you were wonderful. Thank you. And we're certainly glad to see you playing a nice actress again. You mean after the conniving one I played in all about Eve. Daryl Zanick and 20th Century Fox must be mighty proud of your performance, Anne. You know it's something that not every actress could do. Oh, now, Phil, that's too much. But I'll tell you one thing all actresses do. They use Lux Flakes. They're a must in my home. And we have plenty for you both to take home with you. Hold it, Clyde. I know Alice wants the Flakes, but how about that Lux Beauty soap? That's for me. Okay, lover boy, we'll take care of you. And what else is going on out of 20th? Well, just to keep things in even balance, we have another great picture. This time about an angel starring Clifton Webb and Edmund Gwynne. Now, just a minute, Anne. Clifton Webb, an angel? That's it, Bill. He's an angel who comes to Earth as a cowboy in the picture for heaven's sake. Well, for heaven's sake.  Because he can sing doesn't mean he can ride. I can't so ride. Everyone says I sit a horse superlatively. Now, how about that time we all went fox hunting? You certainly look superlatively foolish. Well, guys, honey, how was I supposed to know that when you see the fox, you're supposed to holler Pally Ho instead of Bingo. It figures, Clyde. It just figures. Okay, okay. And what are you figuring out for next week, Bill? Next week we'll have a tender romance.  It's apartment for Peggy. And as our stars, Jean Crane and Edmund Gwen from the original cast, co-starling with William Lundigan in this appealing story from 20th Century Fox. I wouldn't miss it, Bill. Good night. Good night. Good night and come back soon. Here's a beauty tip from the world's most glamorous women. Hollywood screen stars say active-lather facials with luck soap keep their complexions just right for camera close-ups. Lovely Ruth Hussie uses this gentle care regularly. She says, Lux is a real beauty soap. I wouldn't be without it a single day. When you see Ruth Hussie on the screen, notice the smooth perfection of her skin. Tomorrow, try her simple luck soap care. Work the rich lather well in, rinse with warm water, finish with a quick cold rinse. Now pat your face dry with a soft towel. Then, look in your mirror and be delighted with the fresh new beauty you see there. See for yourself why nine out of ten screen stars use fragrant white Lux toilets soap. Lever Brothers Company, the makers of Lux Flakes, join me in inviting you to be with us again next Monday evening when the Lux Radio Theatre presents Jean Crane, Edmund Gwen and William Lundigan in Apartment for Peggy. This is William Keely saying good night to you from Hollywood. Heard in our cast tonight were Janet Scott as Aunt Jane, Norma Jean-Nilson as Jane, Joe Kearns as Blanton, and Ed Begley, Bill Johnstone, Ruth Perret, Larry Dobbkin, Charlotte Lawrence, June Whitley, Stanley Farrar, George Nice and Eddie Marr. Our play was adapted by SH Barnett and our music was directed by Rudy Schrager. This is your announcer, John Milton Kennedy, reminding you to join us again next Monday night to hear Apartment for Peggy, starring Jean Crane, Edmund Gwen and William Lundigan. Stay tuned for my friend Irma, which follows over these same stations. This is CBS, the Columbia Broadcasting System.


Around the world people are saying our money won't fund climate change and are divesting from the fossil fuel industry's climate-wrecking business plan. One year ago we set out an ambitious goal to get 10 trillion dollars divested from fossil fuels by 2020. Well we've done it and more. And the momentum is getting stronger. What began at the handful of universities, faith groups and foundations has become over 1,100 institutions playing a key role in shifting trillions of dollars away from fossil fuels and into climate solutions. We Catholics are divesting from fossil fuels as part of a big movement that includes universities and pension funds and banks and many more institutions. We're divesting because it's the right thing to do. We're divesting because fossil fuels like coal, oil and gas are toxic to our planet and everyone who shares this co-in-home. By divesting from fossil fuels and reinvesting in renewable energy we can build the scale of climate change solutions particularly to serve poorer energy communities while simultaneously eroding the social license the fossil fuel companies have to continue to operate. Join this movement to finance a just energy future.


to the systems that you're building. Incidentally, to the extent that it's readable, these presentations are all written in code. As a little experiment for this conference, I tried building the presentations using Reveal.js. Has anybody used Reveal.js before? It's a very simple JavaScript library that allows you to set up a web page. And each slide is effectively an HTML section. And the JavaScript does slide transitions and that kind of thing. So if you want to have the experience of writing, building your presentations in software, it's a good way to try it out. And so incidentally, this presentation and all the other presentations I've given at this conference are up there on my GitHub account. So if you want to check out the source, you can do so and follow along. And if you want to dabble a little bit in Reveal.js yourself, this is an example of something that you could use. If you have some suggestions for improving the presentations, please feel free to fork my repo and you can send me a pull request and I'll evaluate it and potentially integrate it into future versions of this presentation. So this is the presentation that I'm actually most excited to give at this conference. And so I hope you guys enjoy it as well. Let's just see how many more people are going to come in before we get started. So I started by asking a question of how many people code. I think pretty much everybody put up their hand. What language do you use? How many people here use Java? OK. All right. And how many people use Ruby? What about JavaScript or server side like doing development in Node.js? Anybody use Node.js? OK. JavaScript, yeah. OK. So the code examples are in Java. So at least the Java people will be happy and I think that the non-Java developers out there will be able to follow along pretty easily as well. So my Twitter handle is xortech. I encourage you to.