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Re: the Incandescent Ban...

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U.S. Stocks Close Higher For 2nd Day, Show Gain On Week
the so-called "fear index"--as measured by the CBOE Volatility Index fell 14% to 26.10.

A larger-than-expected upward revision to U.S. gross domestic product data, showing that U.S. economy grew at a faster 3.7% in the second quarter (, helped lift the spirits of investors that have been unsettled by a spate of volatility. Weekly data on jobless claims (, which pointed to continued strength in the labor market, added to the optimism.

"Today's revision means the U.S. economy is growing faster and [the] consumer spending portion points to a stronger growth in the second half of the year. With this kind of growth, we expect $135 earnings per share by the end of 2016," said Phil Orlando, chief equity strategist and senior portfolio manager at Federated Investors.

That translates to a 35% rise in the S&P 500 from its current level by the end of 2016, according to Orlando.

Global equity markets rallied following a 5.3% surge in the Shanghai Composite overnight, snapping a losing streak that wiped out nearly a quarter of its value in a week. That jump cheered investors world-wide, as fears about China have been blamed for much of the recent intense selling around the globe.

See: U.S. investors shouldn't fear China's slowdown (

Even so, some China watchers are questioning what drove the move and suggest the Chinese government intervened again. Read more: China's mystery rally (

Investors had fled from stocks largely due to a lack of confidence in the Chinese government's handling of its financial markets, and the perception that the government was spending all its political capital on propping up the stock market rather than investing in its domestic economy, said John Canally, chief economic strategist for LPL Financial.

"They're clumsy and not used to reacting to markets," Canally said. "They're new to this."

The rally in U.S. stocks implies that investors are treating the recent actions out of China much like they did the 1998 Asian markets crisis, when U.S. stocks sold off initially, then bounced back, Canally said.

On Wednesday, the S&P 500 jumped 3.9% as the Dow surged 619 points ( The benchmark S&P stands 8.9% off its May record close, after finishing down 12.4% from that level on Tuesday.

Other markets:Asian markets rebounded (, while European stocks also traded higher (

Crude oil ( settled 10% higher, while gold ( settled slightly lower. The dollar ( strengthened by 0.7%.

Economic news: The U.S. economy grew at a faster 3.7% annual pace ( in the second quarter, up from the initial estimate of growth at a 2.3% clip, the Commerce Department said Thursday.

New applications for U.S. unemployment benefits fell by 6,000 to 271,000 in the seven days ended August 22, the first decline after four straight weekly gains.

Pending home sales rose 0.5% in July after an upward revision to June's numbers, the National Association of Realtors said Thursday.

The weekend will bring the Federal Reserve's annual conference in Jackson Hole, Wyo (, where the central bank might offer fresh clues about a possible interest-rate hike. On the Fed front on Thursday, Kansas City Fed President Esther George said the market turmoil "complicates" any decision to raise rates, but she repeated her long-held call for a rate increase.

Individual movers and shakers: Prominent investor Carl Icahn revealed a roughly 6.8% stake ( in Freeport-McMoRan, Inc. (FCX) late Thursday after the company earlier in the day cut its capital spending plans for 2016 by 29% and said it would also eliminate some jobs. Shares jumped nearly 29% to lead the S&P 500 gainers and also popped higher after in after-hours trade when the stake was announced.

Tesla Motors Inc. (TSLA) shares rallied 8% after Consumer Reports gave the electric car maker's Model S sedan a 103-point score out of 100.

Tiffany & Co.(TIF) slumped 2% after its disappointing quarterly earnings report. Dollar General Corp.(DG) slid 3% following its quarterly results.

.--Victor Reklaitis in London contributed to this article.


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(END) Dow Jones Newswires

August 27, 2015 17:06 ET (21:06 GMT)

Copyright (c) 2015 Dow Jones & Company, Inc.
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DiamondFire Member Level  Wednesday, 03/28/12 09:29:03 PM
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Re: the Incandescent Ban...

So guys: here is the new timetable for the incandescent bans coming up:

"As is normally the case with legislation, this law covers a lot of things. But here is the essence of the short term regulations placed on light bulbs by the Energy Independence and Security Act of 2007:

Light bulbs from 40 watts through 100 watts must be 25% more efficient, by the following dates:
- The beginning of 2012 for 100 watt bulbs
- The beginning of 2013 bor 75 watt bulbs
- The beginning of 2014 for 40 and 60 watt bulbs"

BUT there has already been a reprieve in the 100w ban (cause we dont want them to go lol!).

"Temporary Reprieve for 100 watt Bulbs
New Deadline for 100 Watt Bulb Compliance - October 1, 2012
In mid December (2011), Republicans in Congress said they had ". . . reached a deal to delay until October enforcement of standards that some fear will bring about the end of old-style, 100-watt bulbs. GOP lawmakers say they're trying to head off more government interference in people's lives."

(Also in this article go ahead and vote on their poll or look at comment section below: the majority of people do not want to see incandescents banned...):

And just so you know VPER offers the two best alternatives to mercury-laden CFL's, LED's and the PowerDisc for incandescent bulb buyers (which still are the majority of bulbs sold NOW) along with two different price points - one expensice and one cheap...thus their market again includes just about everyone even in regards to price points.

With their LEDs America deal they offer a mercury free LED lightbulb that have these attributes:

"Viper Networks, Inc. (Pink Sheets: VPER), in conjunction with LEDs America, Inc., is pleased to announce the forthcoming market introduction of the 9W LED, their latest incandescent replacement lamp, which targets the replacement for 100W incandescent bulbs.

The 9W LED bulb from LEDs America (replaces 100W incandescent bulbs) will join the other two similar products, including the 5W LED (replaces 60W incandescent bulbs) and the 4W (to replace 40W incandescent bulbs).

The 9W LED lamp is just the newest product in a series of LED lights from LEDs America, to provide consumers a superior lighting option to any incandescent and fluorescent product available.

LEDs America’s superior ratio of lumens per watt reduces total cost of energy by approximately 90 percent compared to a standard 40W, 60W or 100W bulb. With an average life use of 50,000 hours, the company’s LED bulbs need far less replacing than traditional incandescents and CFLs (compact fluorescent lamps).

Additionally, LEDs America has developed a breakthrough in creating an LCC- LED Cluster Chip technology light source to replace incandescent bulbs with a much more naturally emitting light.

All LEDS America bulbs and lamps are sold under the brand name LED-O®, which with combined features will not only save 90% of the energy used in a standard bulb, but also save 50% compared to a CFL, while emitting no UV light and containing no mercury.

The LED-O® fits all standard fixtures and lamps, is 100% recyclable and can be used with any voltage 85-265 V."

SO their LED's have these great attributes and on top of that are recyclable. btw: you cannot throw away your CFL's - you are throwing mercury away and into the dump. A funny solution to this is to send them carefully wrapped to the EPA or Congress with a note: "You deal with the mercury, dudes....and thanks..."lol Yes guys: THIS INCANDESCENT BAN IS POLITICAL ALL THE WAY UP TO HALLS OF CONGRESS RIGHT NOW:

...from the Los Angeles Times:

"Critics of the federal mandate have focused on the spiral fluorescent lights, which cost more, are made mainly in China, contain mercury and, they say, don't give off as much light as the old incandescents.

Rep. Ted Poe, a Republican from Texas, recently pulled one of the more efficient bulbs out of his pocket in the House and warned, "I'll be very careful not to drop it on the House floor because if I do, we'll have to evacuate the House floor," a mocking allusion to mercury. He then cheered his home state for protecting Texans from an "absurd abuse of federal power."

BUT good old VPER here has the solution for us who love the old incandescents! They are going to start selling the PowerDisc:

...into this big of a market for incandescents lol!:

"Until recently, LED products were largely fixtures that plugged into a wall by a cord or were wired into walls. But the world’s lighting companies are creating LED bulbs that screw into the roughly 4.7 billion sockets in the United States."


"Light bulbs have been a major product for GE since Edison invented the incandescent bulb in 1879. At one point in 2008, the company tried to get rid of its lighting division. But it now sees the business as an area of growth in a $65 billion global lighting industry."

...and go ahead a Google 'Incandescent lightbulb hoarding' to see blurbs like this...PowerDisc truly right product right time...from the New York Times:

"Other hoarders are hiding their behavior. David Brooks, who owns Just Bulbs on East 60th Street, said he has a customer in Tennessee who is buying up 60- and 100-watt soft-pink incandescent bulbs from G.E. and Sylvania for her three houses. Initially, she ordered 432 bulbs for each house, he said. Then she ordered another 1,000.

Mr. Brooks said the customer doesn’t want her husband to find out, and wouldn’t agree to speak to this reporter. The last order is destined, he said, “for a friend’s house that she is helping to redecorate in Alabama. She doesn’t want anyone to know her source.”

Bryan Batt, the actor and decorator from New Orleans, is not stockpiling, exactly, but he does travel with several four-packs of 60-watt incandescents so he can switch out the bulbs in hotel rooms.

“I look better in 60 watts,” he said."

...and guys this goes on and on and on and on so go ahead and Google any and all these events with the old lightbulb. 

So yes this Elf likes how VPER is capitilizing on both the recyclable and bright LED technolgy they offer - and the old incandescents we like and many of us do not want to see go away.

WE HAVE IT BOTH HERE a 65 BILLION DOLLAR GLOBAL LIGHTING WORLD....WITH SUPERIOR and UNIQUE PRODUCTS IN THAT INDUSTRY....not just the same old same old - but very good niche products here.

ok i will stop shouting at you the dips imo and lets get moving here to Green Light Speed!

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