So this story might be a theoretical story. I'm not gonna say whether this is a true story or not But if it did it would include me About 20 years ago working at a store and again, I'm not gonna confirm or deny anything in this story It's a good story though so Theoretically me in the late 90s working at a store very quiet store You know only a few customers a day and for the most part I worked alone sitting there Waiting for customers to come in very boring Luckily I did have this Toshiba laptop, you know running Windows 98 at the time probably and With a nice little floppy drive on the front. Well the register For this place was a DOS based register, which I think a lot of places still use which is scary and I had to do inventory stuff in the store occasionally So the manager gave me the password to get into the the section of the computer to do Inventory stuff and the password was one two three four Well, you know I'm doing that and then you know I'm done with that and I'm sitting there bored again And I'm going through now all these menus that I didn't couldn't didn't have x to before and there's one exit to DOS prompt like yes click Password one two three four did not work. So obviously it was a different password to get to the DOS prompt Oh, well, that would have been fun. Well, the front of the machine did have a little flap that flipped down And there was a floppy disk so I brought in a bootable floppy disk put it in there. It didn't work Oh, well, well, you know time goes by I'm cleaning out underneath the register And I find the boot disks that are for the register. So I put one in and have restart the register and It's starting like yes. Yes. I'm gonna get a prompt of some sort and it asks for a password and I'm like One two three four. No, it didn't work. Oh, well eject the floppy hit enter Get a message up on the screen disk in drive a Not found what drive would you like to go to? C enter All of a sudden I'm at the DOS prompt and I have full control over this machine and I can get into every folder now this is back in the 90s and At the time when you would get a receipt and you pay by credit card your full credit card number and expiration date Are printed on the receipt? That's just how things worked back then.  I know well This machine everything was text based on it, which was nice. A lot of the database stuff was just Text with with tab delimiters So I was able to go in there and change I could change the price of stuff Which I technically had the ability to do before but just by going in with a text editor Which you know at the problem that is type you type in edit in the name of the file I go in there and change stuff. I could change the messages on the receipts You know where it says the store name and the address that the bottom would say Thank you for coming. Please shop again or whatever I could change those messages because I found all the text files for those things and Also, I found that it stored like a month or two of every see everything the register receipt printed went to one long text file Which means everyone's credit card. I'm now I didn't I didn't don't get me wrong I didn't steal anyone's credit card numbers, but I just blew my mind that all that was just sitting there that anybody had access to it and I just thought it was so cool and I found a game on there called nl snipes, which you can actually Google there's a wiki on it and It's basically like a tech tech space maze where you're a little smiley face with your initials and you go around shooting these little happy faces, so it's there and Like I said this store the thing about this was I was really really bored at this job most time because I was either cleaning the store or sitting there doing nothing and So now I had a DOS prompt I brought a floppy disk that had miss pac-man on it and I installed miss pac-man on the rich I don't know if I installed it or just played it off the floppy But I played miss pac-man on a little little monochrome screen about this big I just sit there playing miss pac-man and the problem was when customers would come in I would have to quickly quickly reboot the machine and would take five minutes for the register to reboot So I do that and I try not to do that too often because it did Log every time the computer register reboot So I try go in there and at the beginning of the day put miss pac-man on there And then when a first customer came in reboot it Um, but sometimes the customer come in know where they want they come up and I'd be like Try to scan them like sorry computers running slow. Sorry about that So slow computer and it would really just be booting which it was a slow computer But it was because I was playing miss pac-man on the machine And it would take like I said three to five minutes or something crazy like that for it to to fully boot into the register program So that's the first part of that story The second part gets even more interesting. So next time I'll tell you about that. Have a great day


Live on the ground from Galvanize, San Francisco. It's theCUBE covering Amplify Women's Pitch Night. Now, here's John Furrier. Hello everyone, I'm John Furrier with theCUBE on the ground here in San Francisco for Girls in Tech, Amplify Women's Entrepreneurship Pitch Competition. Our next guest is Stephanie Xu, who is the founder of Admit-C, Admit-SEE. Welcome to theCUBE on the ground. You just gave your presentation. How did it go? First, tell us what it is and then how did it go? Sure, we are the first and largest searchable database of successful application files. So that includes grades, test scores, extra curriculars, essays, even the student's advice. And it's essentially a platform that allows college applicants to connect with someone who's already in college, been through that process, and really is a year or two ahead of them, but is similar. So you can be like a first generation student connect with somebody else who's first generation, that kind of thing. So they got a seal for the data around schools and the people who got in. So the prospective college applicant can kind of compare and contrast, is that how it works? Exactly, it's like essentially seeing what a successful example of an application file looks like. A lot of them get inspiration from essays. Stanford, for example, they ask, write a letter to your roommate every single year as their supplemental essay. And so on our site, you can actually see hundreds of students who responded to that particular question and kind of suss out for yourself how you want to address that question. And so what kind of stage is the product in? Is it build? Is it prototype? What's the status? We've launched, we have users, we have customers, people who are paying for it. So really just trying to grow at this point. How many users is it targeted for individuals? Is it targeted at schools or just? It's direct to consumers, so it's individuals, parents. We have some schools that have free access, we've provided them with free access, especially for schools that are in sort of low income areas, that's definitely something that we feel really strongly about. So I actually had a hard question from a judge here. So what's the core action that you like to see people use? You think Snapchat, people say Snaps, Pinterest, people pin. There's always a core action that apps have or platforms. Is there one for you? Is it reading applications? Is it outreaching to students? What would you like to see as the core action for the application? I think to start with, we call it unlocking a profile. So a profile is locked, you get a preview of it to see whether or not it's something you're interested in and then you can unlock to be. A profile of a person who's been through. Yes, of a student. Like I want to go to Stanford, what's it take to get it? What's the algorithm for Stanford? That's what people want to know, right? Right, and so it's unlocking a profile and I think beyond that, the next step is then to ask a question of that student because ultimately we're trying to build this community of students who are helping other students and really giving college students actually a chance to get paid for paying it forward, that's what we call it. So what's the business case and where'd you get the idea from? We started, I started this company as a grad student so it was something that was very top of mind for me. When I applied to grad school, I thought it was something that I could essentially replicate how I applied to college with grad school and it was not at all that similar and it was, the question was why is there not an existing database of successful application files especially of specific essays that I want to write about? Like I took some time off from college undergrad and when I applied to grad school, I had to explain why I interrupted my studies and so that was an essay I've never seen before, I had to write an essay about that and it was very personal and so for some, it might be considered kind of like a controversial topic to write about and it would have been really great to see how somebody else had dealt with that topic. So it's not so much you're cutting and pasting essays, you just get some discovery around things that have worked for others that you can get accelerated on the content side for the application. Sounds like that was what people kind of think about. Yeah, I think a lot of students want to write about things that are very personal to them but they don't know how to address it. So the death of a parent for example, they don't want to come across as a sob story and it's like, how has somebody else really talked about this in a compelling way or for international students, a lot of them think I'm going to write about my ethnic background and they don't really think about how as an international student, almost every person is writing about that so how do you stand out? Well I'm a fellow entrepreneur so I love the idea. I'm thinking instantly that there could be a social network component. Absolutely. I mean I could want to get some help on my grades or maybe get someone to augment my reality if you will. Absolutely. Interesting dynamic there, thoughts? Yeah, so we started with the college application process as sort of the first entry point as a student when you make that decision about where to go to college that's really your first, I think, decision you're making as kind of an independent young adult where you want to spend the next four years of your life. And sometimes they're not even sure. Right, exactly and you don't have anyone to turn to especially if no one you know has applied. Well there's that so some people who even turn to experts, the expert tells them I think you should apply to these colleges based on your personality but more and more we see students are crowdsourcing you know pure insights, right? The real trend is that the people that are the current so-called experts are a short supply and they usually have some biases coming in so you're increasing the data available for the consumer, your customer. Yeah and it's more relevant to the student because you're connecting and talking to people who have the same stats as you, similar backgrounds and they've been through the process before. So what are some of the feedback you've heard? What did the judges say? How many people, where are you guys located? How many people are working in the company? Sure, we're- You have funding so far, are you looking for funding? Give us the story. Yeah, we're based in San Francisco. We're a team of six people right now.  That's the thing, right? So I'm thinking about raising more money right now. And Business Milestones, can you share some data around uptake success? Yeah, we have over 200,000 registered users right now. It's a pretty open site so you don't necessarily have to register in order to use the site but sort of our next stage is to be on the application process to really help students mentor each other through post acceptance, making that decision about where to attend school after you've been accepted and we have all these data sets around it so really using that to our advantage. Do you see a pattern, is it a one and done kind of scenario or what keeps the longevity or stickiness of the site because you think, it's kind of like I watched NCAA March Madness and it's over and I don't load the app anymore. I get in the college, am I done? Or how do you keep that flywheel going of engagement? Yeah, absolutely. So I would say the sort of biggest draw to what we're doing that's different from other people is we are really focused on that peer to peer aspect on building that community and that can be applied not just to college applications but they said to post acceptance, choosing a major, choosing internships, grad school and even if you really extrapolate it to finding your first job, right? Like really connecting with someone who is similar to you, recent alums. That's definitely sort of the life cycle that we want to go through. So what are you looking for for funding now? If you had the person watching, seeing this video, what would you be asking for for funding? Like a number? Yeah, 5 million, 10 million, 20 million. How much capital do you need to go the next level? So we're trying to figure out whether or not we want to raise a series A but I think in the interim, I'd like to raise another 500K. We have a number of different marketing initiatives we've really identified. There are a ton of international markets out there that we haven't really tapped into. International students are growing at a rate of, 25% year over year actually enrolled in the U.S. And so- What's your growth going to be for next year? You're 200,000 registered users now. Where do you want to be in a year? Where do you think you'll be in a year? I think we'll be at a million in a year. All right, awesome opportunity. Thanks for sharing here on theCUBE, on the ground. Stephanie Shue, founder of Admit C, which is a great, kind of interesting opportunity around taking the college application process and not making it so hard and so painful, bringing more data. Thanks for sharing. Thank you so much. I'm John Furrier, watching theCUBE on the ground. Here in San Francisco. Thanks for watching.


We're out here with our counterparts, our allies. We're getting to train, you know, shoulder to shoulder with them, and it's really building the relationship. We came from different races. We met different faces, races, and this is one of the situations. This is one of the time that we run together as one. We all have a passion to serve this community together in unison, and I know that these kids desire to interact with people who are in the military. I call this one a lock key. It's because it opens everything. It starts from the communication. It starts from exchanging ideas. It breaks the barrier.


Welcome to the Hindu News Analysis by Shankar IAS Academy for the late 7th of March 2020. The list of news articles taken up for today's analysis is displayed here along with the page numbers of five different editions. We hand it in notes in PDF format and the time stamping of all the news articles taken up for today's analysis is available in the description section as well as in the comment section for the benefit of the smartphone users. Let us now start our analysis. These news articles are with reference to the reconstruction scheme of the Reserve Bank of India for Yes Bank. In this analysis, we shall see about the moratorium imposed on Yes Bank by the central government. Then we will see the draft Art Bay Reconstruction Scheme and then we will see the points raised by the author in this editorial which is titled as Banking on Bay Loads regarding this Yes Bank Moratorium. The syllabus that is relevant for the analysis of these articles are highlighted here for your reference. See on 5th of March 2020 that is day before yesterday under section 45 of Banking Regulation Act of 1949, the Reserve Bank of India has applied to impose a moratorium on Yes Bank to the central government. And accordingly on the same day, the Banking Division of the Department of Financial Services which comes under the Ministry of Finance issued a moratorium order. This moratorium period has started from the evening of 5th of March and it will continue till 3rd of April 2020. Further you need to note that under section 45 of Banking Regulation Act, the moratorium can also be extended. However, the total period of moratorium should not exceed 6 months. Now let us see why RBI has applied for moratorium to Yes Bank. Before that, no moratorium means a temporary prohibition of any activity. Now why RBI has applied for moratorium is, the financial position of Yes Bank has undergone a steady decline. This is largely because the bank was not able to raise the capital and address the potential loan losses. And another reason is that the bank also experienced serious governance issues. And then if you see the bank management indicated to RBI that it was in talks with various investors including few private equity firms and it told that the talks will be successful. But if you see they were not successful and there was no capital infusion into Yes Bank. And meanwhile, the Reserve Bank also gave enough opportunity for the bank to revive itself. They asked the Yes Bank's management to draw up a credible revival plan but nothing materialized. So on the one side there was no capital inflow and on the other side there was a regular outflow of liquidity. So money is not coming in but more money is going out from the bank's coffers. So considering all these developments, RBI came to a conclusion that in the absence of a credible revival plan and in the public interest and in the interest of banks depositors, it had no other alternative other than to apply to the central government for imposing a moratorium. Here moratorium mainly means two things. One, the government stays the commencement or continuance of all actions and proceedings against the Yes Bank banking company in this period. Secondly, the state proceedings against Yes Bank is subjected to seven conditions imposed on the bank by the central government. Like restrictions in making payment to the creditors, then making payment to the depositors in normal and extreme situations. Then conditions to repay the loans or advance as granted to the banking company by RBI or State Bank of India or by any other bank, etc. So we can see that it prohibits certain actions that the bank carries out. Now more importantly know that during such period of moratorium, for four reasons that I mentioned here, the Reserve Bank may prepare a scheme for the reconstruction of the banking company or for the amalgamation of a particular bank with any other banking institution. Now once the scheme is prepared, first a draft has to be issued by RBI to receive suggestions and objections from the concerned bank or from any banking company that is concerned in the amalgamation. And if you see the suggestions and objections, shall also be received from any members, depositors or creditors of the concerned bank and any banking company that is concerned in the amalgamation. After this, the Reserve Bank may make some modifications and a final scheme will be placed before the central government for its sanction. And the central government may sanction the scheme without any modifications or with such modifications as it may consider necessary. And know that such scheme as sanctioned by the central government shall come into force when the central government specifies the scheme on its behalf. This is done as per the provisions of the Banking Regulations Act of 1949. Now let us come back to the news article. This news article states that RBI has released the draft Yes Bank Limited Reconstruction Scheme 2020. And for this, suggestions and objections have been invited by 9th of March after which RBI will take a final view. Now the salient points of this draft reconstruction scheme is given here for your reference. See this news article talks about points 1, 2, 4, 6 and 7 from this picture. In the first point, the term authorized capital is mentioned. So now let us look at in brief about what is meant by authorized capital and how it differs from paid up capital. See the authorized capital of a company is the maximum amount of share capital for which shares can be issued by a company. And know that the authorized capital can be increased by the company. At any time with the shareholders approval and by paying additional fee to the register of companies. Whereas if you look at the paid up share capital, it refers to the amount of money for which shares were issued to the share holder for which payment was made by the share holder. And always know that paid up capital will be less than the authorized capital since a company cannot issue shares above its authorized capital. So this is one term. The second term which is mentioned is additional tier one capital. This term was mentioned when the rights and abilities of the reconstructed yes bank was discussed in this scheme. This scheme stated that the instruments qualifying as additional tier one capital issued by the yes bank under Basel 3 framework shall stand returned on permanently. That is, there will be a permanent reduction in the value of instruments that are qualified as additional tier one capital. So this will be reduced in order to offset the losses. Now in this context, let us see in brief about additional tier one capital and what does tier one capital mean in general? We know that for regulatory requirements, the total regulatory capital in a bank is divided into two, tier one capital and tier two capital. In tier one capital, there are two subcomponents. One is common equity tier one capital and the other is additional tier one capital. Some of the elements that are included as additional tier one capital for the Indian banks is given here for your reference. See tier one capital is also called as going concern capital. It means those capital which can observe losses without triggering bankruptcy of the bank. Now in contrast to tier one capital, tier two capital is called as gone concern capital. It means those capital which will observe losses only in situation of the liquidation of the bank. So this is a small difference between tier one and tier two capital. So this is all about the discussion of all these news articles related to the moratorium on yes bank. Now let us look at an editorial which is related to this issue. This editorial states that the prompt draft bailout proposal for yes bank is to be appreciated or commendable but it raises several questions. One of the questions is that why the bank was not earlier placed under the prompt corrective action framework of RBA. So what do we mean by prompt corrective action framework? See it is a framework under which the banks with weak financial metrics are put under watch by the Reserve Bank of India. So if the bank is not really performing well on certain parameters, then those banks will come under this prompt corrective action framework. See in 2017 RBA released a revised prompt corrective action framework. Under this revised framework, there are three key areas which will be monitored by RBA. One is the capital, second is the asset quality, third is the profitability. So for the capital, the capital to risk weighted assets ratio will be monitored. Then for the asset quality, the net non-performing assets of the bank will be monitored. So for profitability, the return on assets will be monitored. So as a part of this framework, RBA is specified certain regulated trigger points in terms of these three parameters. And if the banks hit the level of the trigger points that are set by the RBA, then RBA will initiate certain structured and discretionary actions. So this is about prompt corrective action framework in brief. Know that this framework is applicable only to the commercial banks. Now the author of this editorial states that Yes Bank should have been placed in this prompt corrective action framework before taking the draft scheme for reconstruction. Some experts say that Yes Bank's parameters did not trigger such an action. But if you see Yes Bank's parameters in the recent times are not found in the public domain because Yes Bank is yet to report the financials for the third quarter of the current financial year which is 2019-2020. So the author implies that then on what basis RBA can justify that PCA framework is not required for Yes Bank. Now the second question which author asks is that why SBI was selected as Investored Bank? That is why State Bank of India was selected as Investored Bank to invest in Yes Bank in order to bail out or to save up private bank at a time when the public sector banks are currently engaged in merging with the weaker public sector banks. Now the author questions the government that if it does not have any other options to proceed forward in addressing this Yes Bank issue. So these are some of the questions raised by the author in this editorial. In the conclusion the author states that while RBI and Centre as reacted or responded promptly for S Bank's required reconstruction, both RBA and the central government are required to carry out their tasks prudently and effectively in order to prevent such weaknesses from arising in the banking sector in the future. So these are some of the comments made by the author in this editorial related to the moratorium on Yes Bank. With this we come to the end of the analysis of the news articles related to the moratorium imposed on Yes Bank by the central government wherein we saw what do we mean by moratorium. Then we saw the draft RBA reconstruction scheme for the Yes Bank and in connection with this we saw certain terminologies like authorized capital, then additional tier one capital and other related terminologies. And finally we saw an editorial where the author has raised certain concerns regarding the government's decision to impose moratorium on Yes Bank. Now have a look at the practice question. Let us move on to the next news article. This news article is about the Indian Ocean Commission. So in this discussion let us look at this Indian Ocean Commission in detail. Know that Indian Ocean Commission is an intergovernmental organization. There are five members in this Indian Ocean Commission and they are located in the western Indian Ocean. The countries are Comrose, Madagascar, Mauritius, Seychelles and French reunion. Know that this Indian Ocean Commission was created by the Port Louis declaration in the year 1982. Here know that Port Louis is the capital of the country of Mauritius. See Indian Ocean Commission was institutionalized in Seychelles in the year 1984 by an agreement called as Victoria Agreement and here know that Victoria is the capital of the country of Seychelles. And one more thing which you need to know is that all these islands were ruled by the French at some point in the history. Now the news is India has been approved as an observer state in the Indian Ocean Commission. And there are also some other observer states. They are the United Nations, then the European Union, then Malta, China and Japan. So now India is also an observer state in this Indian Ocean Commission and along with this the international organization of Francophonie is also an observer in this Indian Ocean Commission. Know that this organization is an international institution which consists of 54 members. It was formed in 1970. This organization was formed in order to strengthen and promote French language and universal values. So this is all about this Indian Ocean Commission in brief. Now what is the significance of this move of India going to be associated with Indian Ocean Commission as an observer state? First of all it will help India to strengthen its security ties with these countries in the Indian Ocean region. Know that the Mozambique Channel is known as the key choke point in the Indian Ocean. And know that another example is the state of Hormuz which is located between the Persian Gulf and the Gulf of Oman. See it is a choke point in the Middle East which is threatened by the U.S.-Iran tensions as we know. So all these maritime choke points located in the Indian Ocean region are regions of huge trade and if someone takes control of this then the global trade can be disrupted overall. And we know that there is China's influence in the Indian Ocean region which is increasing every day. So India becoming an observer state in the Indian Ocean Commission will help to increase India's naval presence in this region. So this is the significance of India joining as an observer state in this Indian Ocean Commission. So this is all about the discussion of this news article. Now have a look at the practice question. Let us move on to the next news article. Now let us look at an editorial. This editorial revolves around the effectiveness of the rate cut that has been announced by many central banks across the world due to the impact of COVID-19 on the world's economy. See we have been seeing many news articles in the recent days regarding this COVID-19 and we also told how COVID-19 is impacting the performance of the world economy. One main thing which we tell again and again is that this COVID-19 has originated from China. This COVID-19 was discovered first in China and it has heavily impacted the Chinese population. So China which is one of the biggest manufacturing economy in the world is severely affected and because of this the world's trade is also affected. And as a result the central banks across the world are going for a cut in their policy rate in order to boost the market sentiments. So in this editorial the author is discussing about the effectiveness of the rate cuts announced by the central banks across the world. So let us look at this editorial. The syllabus is given here for your reference. We know that monetary policy deals with controlling of money related aspects such as supply of money and interest rates in an economy. In India this function is carried out by the Reserve Bank of India. Some of the instruments of monetary policy are bank rates, report rates, reverse report rates, then your cash reserve ratio, then statutory liquidity ratio etc. Now we know that COVID-19 has affected the health, jobs and income of people across the world. Now when there is no money to be spent the demand in the economy automatically comes down. So this is the reason why the central banks are going for rate cuts. Now if there is a rate cut then it will increase the money supply in the economy and this will help to push the demand in one form. So this is the reason why many central banks across the world have cut their interest rates. For example the Central Bank of United States has cut its interest rate by almost 50 basis points which is a huge number and even countries like Australia, Malaysia have cut their rates and some more countries like Japan, England then the European Central Bank are all planning to cut the interest rates. So what the author is telling is that all these moves by the countries across the world will exert pressure on the Central Bank of India which is RBA to cut its own interest rate. The author says that expecting a rate cut by the RBA the bond yields on 10 year government securities fell by around 0.12%. Here you need to know how a cut in interest rate will affect the bond yields. First know that a bond yield is based on the bond's coupon payments that is the interest rate divided by its market price. So if the bond prices increase the bond yields will fall. Now the interest rate announced by the Central Bank and the bond prices have an inverse relationship. So all an interest rate will make the bond prices rise and if the bond prices increase the bond yields will fall. Similarly a rising interest rate will cause the bond prices to fall and because of this the bond yields will rise. So always the interest rates and the bond prices have an inverse relationship. So in this case there was a speculation that there will be a rate cut and because of this the bond prices has increased which has led to the fall in the bond yields. This is the reason why the author is telling that expecting a rate cut by the RBA bond yields on 10 year government securities fell by 0.12%. Now the author tells that RBA's decision on rate cuts has to be based on the inflation levels in the economy and the author questions if such a rate cut will solve the present issue. We know that COVID-19 has not just affected the demand side but the supply side as well. As we initially saw China the most affected country by the virus is known as the factory of the world because most of the industries across the world are dependent on the raw and intermediary products from China. So now a fall in production in China has impacted the global supply chain especially if you see the supply of cell phone components and then bulked drugs and even auto components. Now due to this fall in production the United Nations Conference on Trade and Development has estimated that the global merchandise exports could shrink by 50 billion dollars. Now if you look at the total merchandise exports globally it is 19.48 trillion dollars as of 2018. Now this estimated amount which is 50 billion may appear to be small but the author tells that it could just be the beginning of a bigger problem. So what the author tries to tell is that the rate cut may help to boost the demand but it will solve only the demand side of the problem. The supply side issues will not be solved. So the author tries to conclude that the rate cut announcements by the central banks across the world will solve only the demand side of the issue. Here the author is of the opinion that under pressure RBI may go for tools similar to its operation twist and long term repo operations instead of rate cuts. Know that operation twist of RBI is about the buying and selling of the government securities and in case of long term repo operations the objective is to ensure long term liquidity in the commercial banks. If you remember we have discussed in detail about this operation twist in our 20 December 2019 the Hindu news analysis and about LTRO recently in our third March analysis. So we request our viewers to have a look at both these videos in order to have a better subject clarity. So what the author tries to tell is that Indian industries especially pharmaceuticals, electronics and automobiles which are heavily dependent on Chinese inputs are bound to take a hit and if the developed economy such as US falls into recession then our export industry will be hit and this will have a huge impact on our GDP as our exports account for almost 20 percentage of our GDP. And also when interest rates are falling across the developed world then investors will be looking at the developing economies like India where they'll try to invest more because the returns would be more. So the author tells that RBI will face a challenge not to cut the rate in order to attract the foreign investments. And one more good thing is that right now India has a lower oil import bill and this will reduce our current account deficit. We know that deficit means expenditure is more than the receipts. If you see there is one more news article even today in the business column which tells that due to less demand for oil the oil prices have reduced to a larger extent and because of lower oil prices now India's oil import bill will be lower. So this will help reduce our current account deficit and innovate will also help keep our forex reserve stable as highlighted in this news article. Finally the author tells that this crisis gives an opportunity for India. The author tells that India should focus more on localizing our supply chains instead of depending on China for imports. It can make use of initiatives like Make an India and the author also tells that the global supply chain needs an alternative to China. So if Indian policymakers and industrialists are working together they can make India the alternative factory of the world. So this is all about the discussion of this editorial. In this editorial the author has tried to ponder upon the effectiveness of the rate cuts announced by some of the central banks across the world. He concludes that it will address only the demand side of the problem and in the later part of the editorial the author tries to give certain suggestions for India to become an alternative to China in being a supply chain centric nation. Let us move on to the next news article. This news article talks about the intervention by the Supreme Court in deciding on the constitutionality of certain provisions of the Foreign Contribution Regulation Act of 2010 and the Associated Foreign Contribution Regulation Rules of 2011. See a petition was filed by the Indian Social Action Forum to declare certain provisions of the Act and the Rules as unconstitutional. For this petition the Supreme Court has given the judgment. In its judgment the Supreme Court has stated that the central government can't declare an organization as political for using legitimate forms of dissent in aiding a public cause and by declaring an organization as a political organization it should not deprive the organization from receiving foreign funds. So let us look at this issue in detail the syllabus that is relevant to the analysis of this news article is given you for your reference. See initially the Foreign Contribution Regulation Act of 1976 was enacted later this Act was repealed and we have the Foreign Contribution Regulation Act of 2010 now. This Act has been enacted to ensure that parliamentary institutions, political associations and academic and other voluntary organizations may function for the benefit of India. Now if these institutions and associations receive funds from other countries their functions may become detrimental to India's interests. So in order to have a check this particular Act was enacted. Now if you look at section 3 one of this Act it bans the following entities from accepting foreign contributions. One such entity is the Organization of Political Nature. Now if you look at section 5 one of this Act it empowers the government to brand any organization as of political nature based on its activities. And for this purpose we have the Foreign Contribution Regulation Rules of 2011 which defines the guidelines to the government for declaring an organization as of political nature. Under this we have Rule 3 to be specific Rule 3-6 where it tells that any organization which habitually engages in common forms of political action like Band or Hartal or Rasta Roko or Rail Roko or Jail Bharo in support of public causes also can be declared as an organization of political nature. So if an organization is declared as an organization of political nature section 5-3 of this Act tells that such an organization shall make a representation to the central government. So once the notice is issued by the central government within 30 days from the rate of notice the organization can make a representation to the central government and section 5-4 of this Act tells that if the central government considers it appropriate it can forward the representation to any authority to report on such representation. Now the Indian Social Action Forum which filed a petition in the Supreme Court is of the opinion that section 5-1 gives unbridled power to the government in declaring an organization as political and it is also of the opinion that Rule 3-6 is vague and possibly misused. And also if you see under section 5-3 it tells that the representation can be made to any authority. So the exact authority is not specified. So this forum challenged the above provisions as violative of Article 14, Article 19, Clause 1 and Article 19, Clause 3 of the Indian Constitution. Now in this context the Supreme Court has delivered the verdict it has said that any organization engaging in legitimate forms of dissent like Band or Hattal or Rasta Roko or Rail Roko or Jail Bharo without any political objectives then such organizations cannot be barred from receiving foreign contributions. And any organization that supports the cause of a group of citizens who are agitating for their rights cannot be penalized and deprived from receiving foreign funds. So this was the verdict given by the Supreme Court. Here the Supreme Court also said that any organization taking part in active politics or party politics should be barred from receiving foreign funding. Then it also stated that mere threat of misuse cannot be a reason for holding a law unconstitutional. This is all about the discussion of this news article. To summarize we saw the important provisions of foreign contribution regulation act of 2010 and the associated foreign contribution regulation rules of 2011 which deal with the political organization. Let us move on to the next news article. This news article is with reference to the recent amendment made to the schedule to the Environment Impact Assessment Notification of 2006. In this context we will see what exactly the amendment means in this analysis. The syllabus that is relevant to the analysis of this news article is highlighted here for your reference. As we know the developmental projects are classified into two broad categories in the EAA notification. This classification is based on the spatial extent of potential impacts and potential impacts of the projects on human health and natural and man-made resources. Accordingly we have category A and category B projects. We can see the projects that fall under these categories in the schedule of the Environment Impact Assessment Notification of 2006. If one goes through the schedule one can understand that if the extent of potential impacts on human health natural and man-made resources are to be huge such projects come under category A. So category A projects are those that require prior environmental clearance from the central government in the Ministry of Environment Forests and Climate Change. This decision of the union government will be based on the recommendations of an expert appraisal committee which is constituted by the central government. Now if you look at category B projects they are those projects for which the prior environmental clearance is required from the State or the Union Territory Environmental Impact Assessment Authority which again is constituted by the central government as per section 3 of this EAA notification. And this authority shall base its decision on the recommendations of a State or Union Territory level expert appraisal committee. And under this category B there are two subcategories. One is category B1 and category B2. Now if you look at category B2 it includes those projects for which environment impact assessment report is not required. And category B2 projects do not require scoping process and they are also exempted from public consultation as per section 7 of this EAA notification. But what happened on 16th January 2020 on this day the central government modified the schedule of this 2006 notification as a result oil and gas exploration projects which were earlier categorized as category A projects were modified as category B2 projects. Now what does this mean? This means here after the prior environmental clearance need not be obtained from the Union Ministry but it shall be obtained from the State Environment Impact Assessment Authority for the oil and gas exploration projects. So who constitutes this authority? Is it the State Governments or the Union Government? This holds the answers to the question why the State Governments are raising concerns over the recent amendment. This is because the State Governments do not have final say in constituting this authority. They can only forward the names and the Central Government constitutes that authority. So while the category A projects are given prior environmental clearance by the Union Ministry it is not the State Governments that give prior environmental clearance to category B2 projects rather an authority that is constituted by the Central Government. Secondly here after for such oil and gas exploration projects the process of scoping public consultation and the Environment Impact Assessment Report are not required. But only the prior environmental clearances required from the State Environment Impact Assessment Authority. It is mainly for these reasons the people along with environmentalists and the State Governments are against the Union Government because the Union Government has eliminated public consultation as a rule in the hydrocarbon or oil and gas exploratory projects. So as a result this downgrading from category A to B2 is being seen as a deadly blow to the participatory governance and the bottom to top governance. And the environmentalists are also asking how does the government which earlier classified exploratory projects as category A because of the potential impacts has now classified them into category B2 projects. So these are some of the points with respect to the analysis of this news article. To summarize we have seen about the impacts of the recent amendment made to the schedule to the 2006 Environment Impact Assessment Notification where certain projects like oil and gas exploratory projects have been categorized as category B2 from the earlier category of category A. Now have a look at the practice question let us move on to the practice questions discussion session look at this first question two statements are given and you need to choose the correct statements look at the first statement it tells that with respect to suspension of banking business by a banking company the order of moratorium is made by the central government the statement is correct it is as per the Banking Regulation Act of 1949 as per this act on the application of moratorium from RBA the central government can issue an order of moratorium. So the first statement is correct look at the second statement it tells that the prompt corrective action framework of RBA is applicable not only to cooperative banks but also to non-banking financial companies. Now this statement is incorrect because the prompt corrective action framework is applicable only for the commercial banks and not for other banks like cooperative banks or non-banking financial companies etc. So the correct answer to this question is option A1 only. Now look at the second question the question is about Indian Ocean Commission two statements are given again and you need to choose the incorrect statements look at the first statement it tells that IOC that is the Indian Ocean Commission is an intergovernmental organization of 22 countries bordering the Indian Ocean this statement is incorrect now don't confuse this statement because it is the Indian Ocean Rim Association or IORA which has 22 member states and 9 dialogue partners know that Indian Ocean Commission has only five member countries. So it is a five member organization the five countries are Comoros, Madagascar, Mauritius, Seychelles and French reunion as we just saw during the discussion India has become an observer state in this Indian Ocean Commission. So India is not a founding member of this Indian Ocean Commission so the second statement also goes wrong since both the statements are wrong the correct answer is option C both 1 and 2 since the question demands you to choose the incorrect statements. Now look at this question two statements are given and you need to choose the correct statements look at the first statement it tells that the state-level environment impact assessment authorities in India are constituted by appropriate state governments this statement is incorrect because the state-level environment impact assessment authorities are constituted by the central government but the names are forwarded by the concerned state governments as per section 3 of the environment impact assessment notification of 2006. So the first statement is incorrect now look at the second statement it tells that at present offshore oil and gas development and production projects do not require prior environmental clearance from the concerned state-level environment impact assessment authorities this statement is correct because during our discussion we saw that offshore oil and gas exploration projects have been categorized under B2 which requires prior environmental clearance from the concerned state-level environment impact assessment authority whereas if you look at offshore oil and gas development and production projects they come under category A projects which means they require prior environmental clearance only from the central government in this case it is the union minister of environment forests and climate change so the second statement is actually correct here the correct answer to this question is option B2 only with this we come to the end of the analysis of all the news articles taken up for today's discussion and also the practice questions discussion session if you like the video press the like button comment and share and do subscribe to Shankar IAS Academy YouTube channel for latest videos and updates stay focused and motivated friends thank you


If you're new to the channel, welcome, Joe Holland here. I have winter ice camping, solo winter ice camping as you can see for the first time this year. I'm super excited. Me too. Yeah, double. There's my first crappy of the year. Oh, okay man, Licky wanted to eat. Not a bad one. We'll probably let him go. Oh, you got him now. Now we got some decent. What are you two? There's some that are like three foot under the surface. There's other brookies in here. Huh? Yeah. Looks like a school of brook trout. Holy, that's got to be a crappy right below me. A nice one. Looks decent. I'm in forward view.  It might be big sunfish. That'd be cool. Yeah. They're round. Let me tell you in a second. That feels like a good trappy. Yeah. It's coming up like a log though. Oh, that's... That is a giant. Yes. Oh, yes. That is a giant. Yes. All right. We are on the board, folks. We are into the big trappy. Took a little while to find them, but CJ and I always work hard and look at that beast right there. We're over 14, I'd have to say, right? This is my first good one of the year, so I can't tell. Oh, he touches. He's 15 and a quarter. Yeah. All right, I'm going to enter my first fish ever on the donkey app. There we go. We're going to slide him back. Take a video of him going back.  It's cold out here. 16 and... 16 and a quarter. A quarter. 16 and a quarter. We're going to get it entered. And then we're going to get him back. What a tough fish to catch. Yeah. We literally...  Guys, the GoPro froze up.  Just caught a 16 and a quarter inch trappy. Thing was like this big around. You saw it. I'm hoping you guys saw it. I'm hoping the footage comes out. But let me show you what we're doing. We literally... He spotted the fish from 150 away. Whatever you paced. No, it was 75 yards, 75 feet. He paced. So he paced it out. We already had a hole here. We put it down. Couldn't get it to go eight feet over to us. So we redrilled at 12 feet and it had moved two feet. It wouldn't come two feet. So I drilled right over and he drove right over. I dropped down and it's just chewing on photo plankton or the plankton and it's not moving at all. I gave it a yank and got him to turn. And when he turned, he just slowly just sat right in it and he was on it for the longest time before he jumped and monster fish, great fight. I really wish you guys could have seen it, but hopefully you get to see the picture. Or the hold up at the end. But CJ, what a fish. This is why I love fishing with this guy. He's just an animal like I am. We're going to catch him. You know, and if not, we're going to try our best to get him even if we have to drill a hole four feet away from another hole we already had. That was awesome. I'm in a fish donkey tournament. I've never done one. I saw my buddy Sean Ricegrave was leading it. I said, I can't let him pull this from Minnesota. So I've been out for about an hour and a half now. I got two fish for 31, 30 and three quarters inches for two fish. And the leader right now, somebody just overtook Sean at 42 and a half. All right, we got some dinner just about ready, guys. If you're new to the channel, welcome. I am out winter ice camping, solo winter ice camping, as you can see, for the first time this year. I'm super excited. I got about six, seven inches of ice under me, plenty of ice to get all the gear out here and get set up. Pretty cold temperatures. We're looking in the teens right now. Inside is a brisk, just warmed up to 35. Got a new heater I'm running. I'll show you guys that later and let you know how it's doing. It's new to me, so I'm kind of easing my way in. But it looks like we're doing an old staple for dinner tonight. We got a grilled cheese on rye and what goes better with grilled cheese than tomato soups. So I got some tomato soup heating up in the saucepan. In the regular pan, I got a grilled cheese going there. It's just about done.  And the tomato soup will let heat a little bit more. Probably have a nice hot cup of tea with it tonight. But super, super excited to be on this trip. Not only am I winter ice camping, but I'm also going to be fishing with a good buddy of mine, CJ, from Burnt Meadow Guide Service. He and I are after big crappy this week.  He gave me a hand and set everything up earlier in the day.  And I top sided a 15 inch or first thing. And then I followed it up with one of the biggest ones I've ever caught at 16 and a quarter. And just a mega, mega big crappy. Didn't get great footage of that one, but you should be able to see it. So I'm pretty, pretty excited about that. Tomorrow we're going to jump around, hit some different ponds. We're still searching for good ice or decent ice everywhere. And we're on the hunt for big pan fish this week. We're looking for big crappy, big yellow perch. We're looking to get some pumpkin seeds, not a big species in the state of Maine, not targeted very much either, because there's just not a ton of them. But that's what we're after. This thing's beeping or dingin' at me. I guess it's heatin' up. Got a new stove this year. I had a Coleman that was like supposed to be an upgrade, but the knobs were always junk. And the thing couldn't take a beating. Then I give these things a beating. So I went back to the old reliable. If you saw my video on the gear I'm using this year, then you were able to see that. But if not, this is just the old two burner Coleman stove. I can't beat it. You cannot beat it. But that's the story. So I'm going to enjoy this dinner. And finish unpacking. I'll walk you guys through the rest of the place after dinner. And gonna try to hit the hay, because I know we're gonna really early morning tomorrow. But there we go. But really appreciate all the support for the channel, guys. I appreciate you clicking on this video. I know there's a lot of videos to choose from nowadays. And a lot of people are doing this ice camping thing. It's kind of new to a lot of guys. For me, I just love doing it. I've been doing it for years and years. And it's one of my absolute favorite things to do while I'm fishing is just stay out the whole time and just unzip your zipper and go fishing in the morning right where you are. Don't worry about going jumping in the truck or doing a commute or anything like that. I don't know what's digging. I've never heard this thing ding before. Maybe it's the metal. I bet you these things are heating up and digging. But I've never heard it do that. It's pretty interesting. So yeah, we're looking at it just dropped to 14 degrees. I think it's going to be pretty cold tonight. It'll be single digits tonight. They're calling for about seven degrees. And then the rest of the week, I got probably four or five super, super cold days where they're calling for like negative one to positive three degrees at night.  So I wouldn't be surprised if we see 10 below zero this week at night. Be really cold mornings, cold nights. And in the day we're looking at roughly 20 degrees every day is what they're calling for. Not a lot of wind, which is nice. But if we can get out of the teens in the day, that's always nice with a little bit of sunlight. So before this cools off too much, I'm going to dig in. Thanks guys once again for tuning in. I hope you enjoy this trip. Okay guys, as promised, I'll give you the quick walkthrough of the 850XD by Eskimo. This is my favorite tent for camping. This one's really big. So, you know, when you're alone, you really don't need one this big, but it's got all sorts of room. So here's the kitchen area. You saw this one I was cooking before. Got the Coleman two burner, just standard green Coleman. Bunch of pots, pans, just the stuff I need. I keep in this tote right here. I keep all my kitchen stuff in there, food, utensils, plates, bowls. Over there is the coldest spot in here. So I just threw like the freezing, the frozen stuff in there. And as you could see, you could run hangers on these. You know, I don't put a lot of weight on these, on these poles that come with the tent, but you can hang some stuff there. So I got a pair of pants, jacket, and some bibs hanging there. And then over here's my bed. This is an extra-large cot because I'm an extra-large person. I got a foam pad on there that's, I think, Teton. I'll throw a link in the description for you guys on a lot of this stuff. This is my favorite sleep bag, that green one there from Cabela's. It's well over 20 years old now. And then the one I'm going to try out tonight is this browning that I picked up last year from my buddy David. Came up and had never done this before and doesn't have like a good cold tolerance. So that one's like a mummy bag. Supposed to be like 30 below. So we're looking at seven degrees right now. So it'll be a cold one tonight. Little Power Box Bogue or Booz RV makes that one. And that runs my lights. That LED light strip that lights this place up. And then this is the new heat system I'm running this year. It's a double burner, vented, as you could see, propane burner. So I don't know. This is the first night I'm running it. It's a little smoky in here. One thing I do have, first thing, this is right by my head at night is a carbon monoxide detector. So I got that thing. I just tested it and it's good to go. Just in case there's any leaks or the flame goes off or whatever. I don't know. But just to be safe. But there was a little smoke in here. I think it's because it's the first time I ran it. So it's burning off some of the paint and oil and newness. And I got, I got most of that smoke out of here. But yeah, then in here I got a bag of clothing. Got a P-jug. So you don't have to go out at night and got some electronics and stuff in that bag. And then over here, just a tote full of various odds and ends. They got the water and cooking oil and boots, stuff like that that I don't want to freeze tonight. Next to the heater. And then this is the stuff I'm taking fishing tomorrow. So if you guys want to see that, I'll, I'm getting up bright and early tomorrow, a little bit before 5 a.m. to cook up a nice breakfast and be ready for a big day. And then I got to take my snowmobile all the way over and meet my buddy. So we can go fishing for a big crappie tomorrow. Maybe we'll keep a few and eat them. But that's what it looks like. It's 41 in here, 8 degrees outside. As you can see, I'm expecting it to drop probably, I got a feeling we'll be below zero tonight. It's dropping fast right now. I'm going to finish up my tea and crawl into bed and do a little bit of reading. I think I brought one book by one of my favorite main authors, Tommy Carbone. And yeah, I know I brought one and then another book of series from one of my favorite authors from Furfish and Game, Maurice Decker. So I'll be reading some books tonight and then hitting the hay and getting after tomorrow. So thanks again guys for tuning in. Hope you're enjoying this. If you have any questions, just leave them in the comment section. I get back to everybody with questions and answers.


You know, obviously the offense has struggled the last couple of weeks. Speed, vlogging, anything for everyone to imagine to do after that. So, new haircut, what's up with that? Nothing much really, just not tired of my health. Coach Ravor had mentioned with the hip, they want to make sure that's good. But also with everything that you can do, try to avoid over-counting sitting. Where are you with that hip, you know, how do you feel being able to go out? I feel good, um, taking in the ingot soil and nothing, so I'm just staying on top of it and taking care of it really. So it don't come back and hurt me. What were some of the things that you had while you were, you know, on the IR? The way you run, like, violent. So, like, how do you feel about still running that way, but not, you know, reactivating that hip? Took it to me and I had to, it was a long process. I just had to stick with it, man, but I'm all good, you know. Guys, is that something that you've experienced before? Uh, yeah, and that's something that, you know, you really appreciate coming, especially from, like, the top down, especially from the head coach.  And then you look at, like, there's a lot of guys who came in late, like, yourself, but you just have a way of just, like, getting, gratiated right into the program quickly. Was there something that you've sensed that would allow you to do that as well? I mean, I'm like, I can't help but be myself in every aspect and situation that I go through, so it's been cool to feel, like, very much so accepted by, like, the team and the guys in the room. In terms of, I guess, just getting here late, you know, what are the things that you try to do just to make you catch yourself up? Um, well, I took some extra time in my first couple of days here to sit with me with the coaches and get, make sure I learned the playbook, to get it in real quick because I got to play this week. You know, first weekend, I was on the field. Make sure I took the time to make sure I knew the checks and things that I need to be prepared for the game, you know, so I can go out there and do my job for my teammates. In terms of that, I guess, you know, making sure that you don't get caught in a wrong position or miss a call or something is probably the most important thing because that can lead to a big play.  We said running game, not, not going as well in general as you guys had liked for the last few weeks. What, what can, like it's not Derek, it's not the line, you know, it's communal thing, but what can Derek do a little better himself to be part of this position, do you think? Stay consistent and keep, keep being in the right place. Press in the holes he's supposed to press, and then when you get opportunities, win when he hits a one-on-one opportunity.  And then if you got to make some quarter terms, schematically or something like that, then you do, but there's, you know, there's no need for a knee-jerk reaction. We've had success running the ball this season, so we'll get back, we're going to keep doing it, we're going to keep trying, and eventually it'll, it'll pop and it'll work just the way it's always kind of done. I was going to ask you also, Titan's had a step today, you know, about four years ago, Derek had that monster game against Jacksonville, 204 yards, whatever. I was going to ask you maybe what your recollection was from that game and also how important was that game for Derek's career? You can almost look at his memories that were like pre-that game and then after that game in terms of... Yeah, if you remember correctly, if I remember correctly, I should say, Dion actually started the game. Dion was the starter and Derek actually went in because we were backed up. So it was still early in the game, if I remember correctly, and Dion started, Dion had an explosive screen in the first series and then they punted and we were backed up on the one-yard line, so it was like, okay, Derek's the bigger guy, let him go pound it, and then he took off and then he went in the next series, I think, and he took off on another run and it was the kind of restless history and then they tell you what kind of guy he is. He got toward the end of the game and I think he had four touchdowns if I'm not mistaken, and we were down in the goal line area and he asked Braves to put Dion in and let Dion score. And Dion, we ran the ball three or four straight times and it didn't work, but, you know, the stadium was screaming, he didn't really hit and he wanted Dion to score, so that tells you a little bit about who he is, you know, and from that point on it's kind of taken off and, again, a lot of credit goes to the offensive line, the tight end, and there's been a lot of guys through in the past few years and both the old line, the tight ends and whenever there are long runs, there's always receivers down the field blocking and, you know, Corey certainly did a great job and if I remember correctly, Dion knew actually on that play towards ACL, he was done for the season, so the next group of guys that got ready to play was also, you know what I mean, so it's just a collective group and that, again, is a situation where, to me, Derek was running, become more consistent, he was in the right place and then these things happened and it took, because no one saw that coming, I wish I could tell you I was coaching for him to run for 200 yards, but you know what I mean? It just, he kept working because, as you know, I mean, he got to a point early that season, we made a change and started starting Dion. I was here in 18 when we first got here, something we used and it's, you know, to simulate tipping balls at the line of scrimmage and created a habit and obviously when we do good things happen and I think the indie game was a great example of that when Tartt picked off the ball after tipping it to himself and so it was just trying, something we tried to simulate, but we used kick balls so that way it doesn't hurt our guys' fingers or whatever it may be. And then even, you know, looking like today you guys are working on it and I saw that you stopped the drill and you had them restart to, it seemed like to get used to coming out of the huddle with energy and getting on the ball and go, that's what I thought it was, but anyway, just working on the get off itself. How do you kind of go through and find drills that help that? Yeah, the first thing that I do is I just look at the game, you know, I watch the game and try to think about how, what they do in the game, what we can do in practice or in a drill to simulate that and try to help them and you always start with the foundation and the fundamentals and obviously when you game plan for a team those might get more specific, but in terms of them coming out today and me making them restart it's because they didn't come out with enough urgency. You know, we do get offsets, that's simulating third down, it's a big time deal for us so take it pretty serious.  In general we got to be more consistent up front and you know, give a lot of credit to the Eagles, they played really well and we didn't play our best game and for Dennis it's still about just staying, those basic fundamentals and pass pro and staying inside out and using some length and all those types of things, but you know, we all have a responsibility in that for sure. What's been your take on the Raven and in terms of how is he making strides? Yeah, I'm excited to kind of see the Raven and see what he can do. He's doing a good job, he's gotten better, he's of course bought into what we do and how we do things so you know, we'll kind of see where it takes him. He's a big and strong guy. Yeah, so I know you guys have been very well on the start but with all the things that have been going on online, has there been any thought of, is that at all an option? Yeah, I think it's just, we're always trying to find the best five and starting with Braves and there's always conversations and stuff like that but we believe in the guys who we have out there and we believe in Dylan too, he's served so many roles for us, he's been all over the place for us over the last two years.


It's a pleasure for me to take part in the kick-off of the National Eye Care program, having been near-sighted all my life at one last time I was a boy. This kind of public and private sector cooperation strengthens our country and reaches the quality of life. This program is volunteerism at its best. One group of Americans offering care to another. We're seeing this kind of neighborly generosity with increasing frequency today. The Academy of Ophthalmologists can be proud of its leadership role in the movement. Under the sponsorship of the Academy, hundreds of individual doctors have volunteered to ensure that our elderly citizens receive eye care. I even qualify on that score too. Many other individuals and firms have donated thousands of dollars worth of time and material to assist the project. And stars like Kerry Grant, Gene Kelly, and James Messon, along from my previous existence, have volunteered to make radio and television messages with help from Warner Brothers and Kaiser Industries, and I hope I pronounced this correctly, the MITRE Corporation of Bedford, Massachusetts, designed and provided a computerized communications network for the project. The Apple Corporation provided computers and many others have also given generously. Everyone involved in this wonderful project deserves the heartfelt thanks of their fellow citizens. But I especially want to recognize Dr. Tom Hutchinson of Boston, the driving force behind the National Eye Care Project. It was his dream and dedication that inspired hundreds of his medical colleagues to participate. And would Dr. Hutchinson please step forward so we can give you the recognition? I congratulate you all and thank you all very much. And if any of you who are dealing in that business want to have any suggestions for people who have problems with their contact lenses, I can give you one little personal experience if you might pass on to me. In order without putting on reading glasses, being nearsighted to read that, I found out that if I take out one, I can read the notes. But with the other eye, I'm seeing all of you. It was a little gimmick I learned out of the mashed potato circuit. But again, thank you all very much. I think this is just wonderful. We appreciate your time. Thank you. Too much of your time. I think it is a time for socializing. The sun certainly is over the yard arm if it's up there any place above those clouds. I just greeted a half a dozen arriving ambassadors and tried to assure each one of them that it didn't rain all the time in Washington. But I just want to thank all of you. I know what you've all done. And I know that there are many of you here who are contributing time and effort as well as other kinds of contributions. And I want to thank you. I don't know of all the private initiative efforts that we have going forward. None of them are closer to my heart than this one. And Nancy and I just want you to know how much we appreciate it and how happy we are that you're here. And God bless you all and thank you for what you're doing.