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swimmingpoolpumpsuk · 1 year ago
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Everything You Need to Know About Davey Swimming Pool Pumps
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Introduction to Davey Swimming Pool Pumps:
Davey Swimming Pool Pumps are a renowned and trusted name in the swimming pool industry, offering a comprehensive range of high-quality and efficient pool pumps. With decades of experience, Davey has established itself as a leader in pool pump technology, catering to both residential and commercial pool owners. These pumps are designed to deliver optimal performance, ensuring crystal-clear water circulation, efficient filtration, and reliable operation for a refreshing swimming experience.
Cutting-Edge Technology and Features:
At the heart of Davey Swimming Pool Pumps lies cutting-edge technology and innovative features that set them apart from the competition. These pumps are equipped with powerful motors that provide exceptional flow rates and robust suction, effectively circulating water and removing debris and impurities from the pool. Davey's engineering expertise ensures energy efficiency, allowing pool owners to save on operational costs while minimizing environmental impact. Additionally, the pumps are designed for low noise levels, creating a serene and peaceful poolside environment.
Unmatched Reliability and Customer Satisfaction:
Davey's commitment to excellence is evident in the durability and reliability of their pool pumps. Constructed from high-quality materials, these pumps are built to withstand harsh pool conditions and the test of time. The brand's dedication to customer satisfaction is reflected in their exceptional customer support and service network, ensuring pool owners receive prompt assistance and guidance whenever needed. Whether it's for a small backyard pool or a large aquatic facility, Davey Swimming Pool Pumps continue to be a top choice for pool enthusiasts seeking reliability, efficiency, and outstanding performance.
For More Information: - https://swimmingpoolpumpsuk.co.uk/
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good-old-gossip · 3 months ago
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U.S. Government PROUDLY ARMS & SPONSORS TERRORISTS
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On Tuesday, US Secretary of State Antony Blinken approved a new batch of arms sales to Israel, totalling over $20bn in military equipment, according to the Pentagon.
In a statement, the Pentagon said, "The United States is committed to the security of Israel, and it is vital to US national interests to assist Israel in developing and maintaining a strong and ready self-defense capability. This proposed sale is consistent with those objectives."
The Pentagon confirmed that Blinken approved the potential sale of F-15 jets and related equipment worth nearly $19 billion.
Additionally, he approved the possible sale of tank cartridges valued at approximately $774m and army vehicles worth $583m.
The tank rounds would be almost immediately available for delivery.
This multibillion-dollar package is the latest in a series of arms deals that Israel is set to receive from the US, adding to the $14bn in additional military aid approved earlier this year.
The sale comes amid mounting criticism of the Biden administration for continuing to authorise arms transfers to Israel despite the death toll in Gaza approaching more than 40,000 Palestinians, most of them women and children.
Since Israel's war on Gaza began last October, Israeli forces have destroyed much of Gaza's civilian infrastructure, including schools, hospitals, mosques, and UN shelters.
Over the past ten months, the Biden administration has transferred hundreds of millions of dollars worth of arms and munitions to Israel.
Weapons sales as ICC warrants loom The weapons sales to Israel come despite the International Criminal Court (ICC) seeking arrest warrants for Israeli Prime Minister Benjamin Netanyahu and Defence Minister Yoav Gallant on the grounds of war crimes and crimes against humanity.
Gallant and Netanyahu face war crimes and crimes against humanity charges over the starvation of civilians as a method of warfare; wilfully causing great suffering; wilful killing; intentional attacks on a civilian population and extermination, alongside several other charges.
Even as the US continues to pump billions worth of weapons to Israel, the country increasingly boasts record sales from its weapons industry internationally. Israel's defence ministry said in June that its arms exports for 2023 hit a record in sales.
The report by the defence ministry said that the total exports of Israeli arms reached $13.1bn in 2022, an increase of $500m from the previous year and double the amount of exports from five years ago.
More than a third of the sales comprised missiles, rockets and air-defence systems, with one of the biggest contracts of 2023 being with Germany, which signed a deal to purchase the Arrow 3 long-range air defence system for around $4bn.
"While our industries are primarily focused on providing the defence establishment with the capabilities to support our troops and defend our citizens, they are also continuing to pursue areas of cooperation and exports to international partners," Israeli Defence Minister Gallant said in a statement.
Roughly half, 48 percent, of all sales, went to the Asia and Pacific region, while Europe accounted for 35 percent of sales, and North America accounted for nine percent.
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sketchfanda · 1 year ago
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Chestnut Stud across the Multiverse: Warrior Monk Review: Jennifer Walters aka She-Hulk
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Bulma sat bored in her office as it was kne of those typical kind of work days at Capsule Corp headquarters. Nothing new to report, no issues or problems to sort out, just loads of boring e-mails and paper work to sort through. Until of course it hit the aqua haired milf she had ample opportunity to enjoy a little Something personal and fun as she put in some headphones and accessed the private browser of her computer. Fingers typing away on her pc as she accessed her private browser, using her admin log in to access Capsule Cocks, seeing the display of sales figures for their wealth of sexual merchandise. Grinning like a cat as to no surprise but her delight at the Warrior Monk dildo and sex doll topping the popularity charts. Speaking of which, as she checked the e-mail for submissions, seeing quite a few new choice submissions in her inbox. “Alright then ladies, let’s see what you got for me…” the briefs hottie quipped as she checked out s video review submission pending her approval for posting. The subject header reading Jade Amazon as she clicked it open,letting out a wolf whistle at the preview image and hit play,putting on full screen display.
The video buffered and loaded until soon it showed a luxury beach house, the owner a stunning, statuesque work of muscular art. The curves of a pinup model, the body of a warrior as a green skinned Amazon of a woman sensually huffed and puffed, pumping iron as she replied and lifted a pair of dumbbells in her hands. Her jade complexion glistening as her arms pumped and flexed her bulging biceps. Her waterfall mane of hair swaying as a green and purple two piece biking clung to her like a second skin before she acted like she was finally noticing the camera on her. Looking her way as she blew a kiss,shooting a wink and a smile. “Oh hey there. So a friend of a friend told me doing this was the norm soon as you got a CC purchase. And let me tell you, next time I see them I’m so kissing them because this little guy has been a godsend.” She spoke, her voice strong but sensual as she turned to place the dumbbells on the floor, bending over in a way that made her glorious thing clad green booty stick out to the camera, flexing and clapping those meaty buns. Standing snd turning to the face the camera again as she began to strike a variety and combination of bodybuilder and pinup poses that showers off her stunning sensual self.
“Im Jennifer Walters,some folks call me the She-Hulk. Attorney at law and the cause of many boys and girls hitting puberty and questioning their sexuality. And let me tell you when you look and feel like I do, You just want and need a regular,good hard fuck. But toys just aren’t enough…” the Jade giantess spoke, as if she were giving a lecture and not showing herself off like a bitch in heat courting a mate. Squatting her powerful leg  muscles as she parked and sat herself on a chair by the sparkling blue pool as she removed her swimsuit top and removed her thong, shamelessly naked as her nipples were perky, her smooth green slit gushing with arousal. “Just look at me, so damn horny…” she spoke sensually, running her hands along her curvy muscular form, groping and squeezing her tits as she tweaked her nips. Shuddering as deep moans poured from her luscious jade lips before running her finger tips down along her washboard abs as they finally met together at her pussy. Proceeding to caress probe her slit. Nectar flowing as it glistened in the sunlight while she shot a sultry look at the camera. “Nah a body like this and a woman like me? Needs a real prime hunk of a man. Size where it counts snd knows how to use it and ooh did the fine lewd brainiacs at Capsule Co deliver big time..” The gammazon purred sensually as she reached into a gym bag newr by the chair she sat on. Fishing out a capsule cork dynocap, clicking the top button and throwing it a few feet from herself. In a puff of smoke there was some sort of containement pod, large enough to hold one person as she pushed a button. Steam hissing out as the lid opened and out came what Bulma expected. The special Krillin clone sex doll she had and 21 dubbed the Warrior Monk, naked as the day he was born, displaying all his short king glory from head to toe. From his 5′1′’ frame of compact sculpted muscles, his smooth bald dome and of course, thst glorious length and girth of womb hammering joy which hung between his legs. And began to stiffen and rise at the sight of the Gammazon who licked her,a noticeable red blush on her green face.
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“Mmm just look at this little guy, horses and bulls got nothing on this bad boy….” The stunner leered as she pulled her Warrior Monk into her powerful arms, hugging and caressing his backside as she pressed her lips to his. The compact stud immediately returning the gesture as Jen moaned, massaging his tongue with hers before gasping as he grabbed and began to squeeze her Jade titties. The little man breaking their liplock with a trail of saliva between as he began to lick and kiss those glorious twin globes, suckling her nips as he reached down to grasp and stroke his cock. “Aaaaahn,knows all my spots to get me going….5 foot Casanova with the skill of a pornstar…” Bulma looked on at the video with growing arousal,biting her lip as she snaked a hand under her skirt,probing her panty clad slit and groping her tit as she continued to watch this wonderful amateur porno. Watching as Jen conducted vigorous fellatio, deepthroating her warrior monk as he pumped and thrust her hips to meet her sloppy,thirsty blowjob. That slobber soaked shaft getting licked and sucked as she hugged his waist,holding him close and welcoming that deep,intense facefucking. Her pussy dribbling with nectar as it dribbled snd rained down on the tile floor of her swimming pool. To soon having him sit in the chair as she pumped and massaged his cock with her green tittles sandwiching them. Jerking him off as he bucked and thrust into that glorious cleavage. Before their positions shifted as with a stunning rest of strength, he held Jen upside down, her thick green thighs between his chrome dome as he licked and lapped away at her slit while she deepthroated him, the pair conducting a standing 69 but then Bulma grinned with rapture as they shifted and got into the main course.
The titanic sensation of a she-hulk flexed  and tensed the muscles of her powerful arms and legs, fingers clutching the floor as her Warrior Monk fucked her doggy style. His big,heavy balls smacking her clit as his hands grasped her hips, smacking her ass. Her sixpack abs bulging with his shaft’s length and girth as her tits bounced and swayed like lewd pendulums. The Jade giantess howling as she found herself hoisted up into a full nelson as he wrapped his arms around and held her legs back to have her ankles beside her head. Her tits bouncing as he made her bounce on his cock. Pumping away as he grunted, face determined to follow his directive to bring his partner to sexual ectasy and satisfaction. Jen putting pornstars to shame in how horny she looked and sounded as she rode the wave of orgasm after orgasm rocking her amazonian beauty of a work of art body. Expressions of fucked silly and stupid absolute bliss as hearts flowed in her eyes as he plowed her in a mating press, riding him cowgirl as she made out with him, their tongues dancing together. Her green skin glistening like an emerald n the sunlight as hugged and held her stud close to her, riding his cock as they kissed. Shuddering with bliss as he came inside her and looked at her camera. “Afraid that’s all you’re getting, now if you’ll excuse me,my little man and I got o,and for him to use that sex gos dick of his on my ass…”with that she blew a kiss at the camera as she reached out to grab and turn off the camera,picture fading as she could be heard one last time. “Oooh stud easy now….” Bulma pouted, taking her out her hand from under her skirt to see her fingers sticky with a web trail of her nectar. Damnit just when it was getting good before the capsule corp heiress turned to look at the doors that lead into the lab. Licking her lips as she decided might be a good time to see if some of the latest warrior monks fresh off the production line batch needed quality control approval. Somedays it was good to be the boss.
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aquagroups · 6 months ago
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Pump Manufacturer in India | Aquatex | Texmo
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SOLAR POWERED PUMPS
Complete range of solar powered pumps and motors certified by MNRE
Supplied with PV module and controllerPreviousNext
AQUA SOLUTIONS
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Precision Engineering for a Better World
AGRICULTURE
BUILDING SERVICES
WASTE WATER SOLUTIONS
SOLAR PUMPS
DOMESTIC PUMPS
TEXMO FROM AQUA GROUP
About Us 
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Over six decades of experience and expertise in the pump industry.
Largest manufacturer of submersible pumps in India with 23 branches across the Country and a wide network of 1400+ Exclusive dealers to provide customer support for pump selection, installation and after-sales service.
Strong R & D team and continuous innovation to meet the specific needs of different field conditions.
Texmo pumps are highly efficient, reliable, and rugged in construction to withstand tough field conditions.
Consistency in quality is achieved through a stringent control on input materials with captive foundry units , motor lamination production, and an enameled copper wire unit. All critical part are produced and machined in-house.
3000
Product Models
5000
Pumps Sold Per Day
1400
Exclusive Dealers
RECENT PRODUCTS
INDUSTRY DESIGNS, INSPIRING GROWTH
AMB - MINI BOOSTER PUMPA compact pump ideal for pressurised water supply to 1 - 2 showers in residence and apartments.
EAHM - HORIZONTAL SUBMERSIBLE OPENWELL PUMPSETA Three phase submersible openwell pumps suitable for use in high pressure and high discharge applications like Pumping in rivers, lakes and ponds
TSO - MULTISTAGE OPENWELL PUMPSAn affordable Single phase Openwell pump designed for pumping water used in high head low discharge applications.
RMH - SELF PRIMING MONOBLOCK PUMPSETA Low noise Single phase self priming pumpset suitable for use in Domestic applications.
CERTIFICATIONS
We have received various certifications for maintaining the highest levels of Quality, Safety, and Environment.
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QUICK ENQUIRY 
Quick links
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Product Range
Agriculture
Borewell Submersible Pumps
Openwell Submersible Monoblocks
Centrifugal Monoblock Pumpsets
Vertical Multistage Pumpsets
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Building Service
Hydro Pneumatic Systems
Domestic Booster Systems
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Submersible Sewage Pumps
Submersible Dewatering Pumpsets
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Solar
Solar Submersible Pumps
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Residential
Self Priming Monoblocks
Self Priming Monoblocks Pumpsets
Submersible Dewatering Pumpsets
Horizontal Multistage Pumpsets
Centrifugal Monoblock Pumpsets
Borewell Submersible Pumpsets
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Jet Pumps
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Domestic Booster Systems
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Submersible Sewage Pumps
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Construction Dewatering Pumps
Thudiyalur (post) Coimbatore– 641034. Tamilnadu, India1800 572 2324 0422-2642484
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shenghuipump · 6 months ago
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Why are centrifugal pumps with wide application in industry?
Centrifugal pump plays a crucial role in the industrial operation of oil and gas, power production, water treatment, and other areas. At the same time, this series of pumps enjoys a good reputation for its high efficiency, reliability and wide range of applications. The following article will explain why electric centrifugal water pumpare widely used in industry.
Wide-Ranging Applications
The centrifugal pump with great versatility is adaptable for various industrial applications to convey a wide range of fluids including oil, water, chemicals and slurry. When you use this machine in your mining and beneficiation processes, it can effectively and quickly process corrosive and abrasive materials. The centrifugal pump is an ideal choice for the mining industry due to its specially designed to withstand slurry transport.
Reliable Operation
Generally speaking, the industrial sector often requires durable and continuous operation of equipement. We designed the centrifugal pumps for sale with robust construction and exceptional dependability that will effectively deal with harsh environments with temperature and high pressure. Compared with other series pumps, centrifugal pump has less maintenance time and steps due to its simple design and fewer moving parts. In other words, the use of centrifugal pumps will reduce downtime and save money in your industrial facilities for continuous production.
Increased Production Capacity
Self priming centrifugal pump made by Shenghui adopt energy-efficient design for the  reduction of power consumption and operations costs in your industries. The development of technology has led to the development of high-pressure slurry pumps and vertical centrifugal pumps, effectively improving production efficiency. Using the centrifugal pump convey the liquid over long distances or to higher elevations while using less energy because the pumps have the design of higher operating pressure.
Productive Conveying
The capacity of high pressure centrifugal pump to transport fluids effectively is one of the major factors contributing to their widespread use in industrial environments. In order to provide a high flow rate, the pump converts into kinetic energy to operate by converting mechanical energy. Liquids may pass through a rotating impeller in centrifugal pumps thanks to their design, which produces centrifugal force. Therefore, the centrifugal pump is perfectly suitable for industrial applications where liquids must be moved continuously because it will handle enormous volumes of fluids, such as chemical manufacturing plants.
Industrial centrifugal pumps are indispensable role in industrial environments because of their working efficiency, wide application, smooth operation. You can use this machine for mining, water treatment, oil and gas, and various industries to transport a broad range of fluids.
As one of the professional manufacturers and producers in China, Shenghui company has been producing and developing pumps for more than ten years, with a professional research team and machines. Our company's success is based on specializing in the manufacture of high quality pumps, the implementation of innovative technology and the provision of excellent customer service. If you need centrifugal pumps for industrial use, we can provide you with reliable and professional centrifugal pumps according to your needs, please contact us immediately!
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crystaltcs · 8 months ago
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Ballast & Bilge Ejectors - Efficient Shipboard Solutions.
Navigate Efficiently with Crystal TCS's Ballast and Bilge Ejectors
For modern vessels, maintaining optimal onboard operations is crucial. Two key components that contribute significantly to a ship's efficiency are Ballast Ejector and Bilge Ejector. Let's delve into the functionalities of these ejectors and explore how Crystal TCS's solutions can enhance your shipboard operations.
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Understanding Ballast Water Management and the Role of Ballast Ejectors
Ballast water is essential for maintaining a ship's stability during voyages. However, discharging untreated ballast water can pose a serious threat to marine ecosystems by introducing invasive species. Here's where Ballast Water Treatment Systems (BWTS) come in. These systems filter and disinfect ballast water before discharge, complying with international maritime regulations.
Crystal TCS Ballast Ejectors play a vital role within BWTS. They utilize the Venturi effect to efficiently transfer ballast water between tanks during treatment processes. This ensures:
Faster Ballast Exchange: Ejectors expedite the filling and emptying of ballast tanks, minimizing time spent in port.
Reduced Energy Consumption: Compared to traditional pumps, ejectors require less energy to operate, lowering fuel costs.
Simplified System Design: Ejectors have a compact design and require minimal maintenance, streamlining BWTS integration.
Bilge Ejectors: Keeping Bilges Clear for Smooth Operation
The bilge is the lowest part of a ship's hull, where water accumulates from various sources. Bilge Ejectors are crucial for efficiently removing this water and maintaining bilge cleanliness. Here's how they function:
Efficient Bilge Water Removal: Ejectors create a low-pressure zone that draws in and discharges bilge water, ensuring proper bilge dewatering.
Self-Priming Capability: Unlike pumps, ejectors can self-prime, eliminating the need for separate priming systems and reducing complexity.
Handling of Dirty Liquids: Bilge water often contains debris and oil. Ejectors are adept at handling such dirty liquids without clogging.
Benefits of Crystal TCS's Ballast and Bilge Ejector Solutions:
Enhanced Operational Efficiency: Faster ballast exchange, reduced energy consumption, and efficient bilge dewatering contribute to overall shipboard efficiency.
Environmental Compliance: Ballast Ejectors facilitate effective BWTS operation, ensuring adherence to environmental regulations.
Reduced Maintenance Costs: The simple design and minimal moving parts of ejectors minimize maintenance requirements and associated costs.
Reliable Performance: Crystal TCS's ejectors are engineered for durability and long-lasting operation in harsh marine environments.
Crystal TCS is a leading provider of high-quality Ballast and Bilge Ejectors specifically designed for maritime applications. We offer:
Customizable Ejector Solutions: Engineered to seamlessly integrate with various BWTS and bilge dewatering systems.
Marine-Grade Materials: Our ejectors are constructed with robust materials that withstand the rigors of saltwater environments.
Expert Support: Our team of specialists provides comprehensive support, from selection to installation and after-sales service
Contact Crystal TCS today to discuss your specific requirements
Visit: https://www.crystaltcs.com/ballast-ejector.phpContact: +91 253 2941600
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alphatronicmachinery · 10 months ago
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Advantages of Choosing Reliable Air-Operated Diaphragm Pump Suppliers in UAE
Introduction:
In the realm of industrial machinery and fluid transfer systems, Air-Operated Diaphragm Pumps (AOD pumps) have emerged as versatile and efficient solutions. These pumps are widely used in various industries across the UAE, providing reliable and cost-effective fluid transfer capabilities. For businesses seeking high-quality pumps to meet their diverse operational needs, choosing reputable Air Operated Diaphragm Pump suppliers in UAE is crucial. This article delves into the advantages of opting for trusted suppliers in the region.
Understanding Air-Operated Diaphragm Pumps:
Air-Operated Diaphragm Pumps are positive displacement pumps that use compressed air as the power source to move fluids. They are known for their ability to handle a wide range of fluids, including abrasive and viscous substances. AOD pumps are self-priming, can run dry without damage, and are capable of handling solids, making them highly versatile across industries.
Advantages of Air-Operated Diaphragm Pumps:
Versatility in Applications:
Air-Operated Diaphragm Pump suppliers in UAE find applications in diverse industries such as petrochemical, pharmaceutical, food and beverage, wastewater treatment, and more. Their versatility makes them suitable for transferring various fluids, from chemicals to sludge.
Reliable and Efficient:
These pumps are designed for reliability and efficiency. They offer consistent performance, ensuring a smooth and uninterrupted flow of fluids, which is crucial for many industrial processes.
Self-Priming Capability:
A key advantage of AOD pumps is their self-priming capability. This feature allows them to evacuate air from the suction line, making them effective in situations where the pump may be located above the fluid source.
Handling Abrasive and Viscous Fluids:
Air-Operated Diaphragm Pumps suppliers in UAE excel in handling fluids with varying viscosities and abrasiveness. This makes them suitable for applications where other types of pumps may struggle.
Dry-Running Capabilities:
AOD pumps can run dry without causing damage, providing an added layer of protection against operational issues. This feature is especially beneficial in situations where fluid levels may fluctuate.
Simple and Easy Maintenance:
The design of AOD pumps makes them relatively easy to maintain. With fewer moving parts, these pumps are less prone to breakdowns, and routine maintenance can be carried out without extensive downtime.
Choosing Reliable Air Operated Diaphragm Pump Suppliers in UAE:
When it comes to sourcing Air-Operated Diaphragm Pumps in the UAE, selecting the right supplier is paramount. Here are the reasons why opting for reputable suppliers is crucial:
Quality Assurance:
Established suppliers prioritize the quality of their products. They source pumps from reputable manufacturers, ensuring that customers receive reliable and durable equipment.
Technical Expertise:
Reputable suppliers often have a team of technical experts who can provide valuable insights and assistance in selecting the right pump for specific applications. Their knowledge helps customers make informed decisions based on their unique requirements.
Wide Range of Products:
Trusted suppliers offer a comprehensive range of Air-Operated Diaphragm Pumps, catering to different flow rates, materials, and specifications. This variety allows customers to choose pumps that align with their specific needs.
After-Sales Support:
Reliable suppliers provide excellent after-sales support, including maintenance services, spare parts availability, and troubleshooting assistance. This ensures that customers can maximize the lifespan and performance of their pumps.
Timely Delivery:
Established suppliers understand the importance of timely delivery in industrial settings. They have streamlined processes to ensure that customers receive their orders promptly, minimizing downtime for businesses.
Compliance with Standards:
Reputable suppliers adhere to industry standards and regulations, ensuring that the products they provide meet the necessary safety and quality requirements. This compliance adds an extra layer of assurance for customers.
Conclusion:
Air-Operated Diaphragm Pumps play a crucial role in various industrial processes, making them essential equipment for businesses in the UAE. To reap the full benefits of these pumps, choosing reliable Air Operated Diaphragm Pump suppliers in UAE is imperative. The advantages of sourcing from reputable suppliers include quality assurance, technical expertise, a wide range of products, excellent after-sales support, timely delivery, and compliance with industry standards. By partnering with trusted suppliers, businesses can enhance their operational efficiency and ensure the longevity of their fluid transfer systems.
Air Operated Diaphragm Pump suppliers in UAE
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dcwaterpump · 11 months ago
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TOPSFLO Magnetic Drive Gear Pump Solution for Raw Milk Vending Machine
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Milk vending machine dispenses milk collected from cows, buffaloes, goats and sheep, it consists of an automatic dispenser which dispenses “raw milk” to a container/bottle after successful payment from the end-user. Some vending machines also provide container/bottle with the milk for easy buying. The raw milk is directly sold to customers at farm in countries such as France, Germany, Denmark, Italy, the Netherlands, Czech Republic, Austria, Slovakia, Lithuania, Ireland and the U.K. The major countries that have adopted raw milk vending machine include Italy, France, Romania,Germany, the U.K., Slovakia, Slovenia and Czech Republic. The key reason for adoption of raw milk vending machine was due to the revisions in regulations of respective countries regarding raw milk sale.Furthermore, majority of end-users in these countries prefer drinking raw milk and consuming raw milk related products due to their nutritional benefits.
Raw milk vending machine technological research is focused on solving problems related to the management of unpasteurized milk sales, especially for the safety, healthy and cleaning of the machine, simple operation, less daily maintain work, continuous supply reliable and quality guarantee. Our company have good cooperate relationship with some of most famous Europe raw milk machine supplier in recently years. TOPSFLO MG Magnetic Gear Pump is perfectly suit for this special market, details as follows:
● FDA certificated,all wetted material is food grade, which is very suit for the raw milk vending industry for health and safety requirement.
● SS316 precise build pump housing, PEEK gears & PTFE sealing material, which is robust joint & leak-less.
● Simple internal construction and its small dimension makes it space save and less or maintenance free.
● High flow-rate and high pressure continuous working, self-priming, and precise working performance. Besides,more control and protect function are available.
● Lower noise level of vibration makes the vending machine possibly to widely apply in the residential districts.
● Low power consumption, save more electricity costs.
● Suit for wide working circumstance, environment temperature range from -10~50℃,and fluid temperature range -10℃ ≤T≤100 ℃ ( unless freezing)
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Wanna to get pump solution or apply free sample? Contact us now:
Whatsapp/Wechat:+86-19376691419
Find more pumps: http://www.topsflo.com/
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topreviewin · 1 year ago
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Apple is blaming a application trojan horse and other components tied to neatly-liked apps equivalent to Instagram and Uber for inflicting its no longer too lengthy prior to now released iPhone 15 fashions to warmth up and spark complaints about turning into too sizzling to deal with.The Cupertino, California, company mentioned Saturday that it is engaged on an change to the iOS17 arrangement that powers the iPhone 15 lineup to forestall the gadgets from turning into uncomfortably sizzling and is working with apps that are running in suggestions “inflicting them to overload the arrangement."Instagram, owned by Meta Platforms, modified its social media app earlier this week to forestall it from heating up the machine on the most modern iPhone working arrangement.Uber and other apps such because the video recreation Asphalt 9 are silent in the course of of rolling out their updates, Apple mentioned. It didn't specify a timeline for when its fill application repair will most definitely be issued but mentioned no security components must prevent iPhone 15 householders from the use of their gadgets while ready for the change.“We have identified about a prerequisites which will purpose iPhone to bustle warmer than anticipated," Apple in a transient statement provided to The Connected Press after media experiences detailed overheating complaints that are peppering on-line message boards.The Wall Motorway Journal amplified the troubles in a story citing the overheating bid in its fill checking out of the current iPhones, which went on sale per week prior to now.It’s no longer recent for current iPhones to bag uncomfortably warm in the course of the first few days of use or after they're being restored with backup details kept in the cloud ‒ components that Apple already flags for users. The gadgets can also bag sizzling when the use of apps equivalent to video games and augmented actuality know-how that require a form of processing vitality, but the heating components with the iPhone 15 fashions fill long gone previous these same outdated situations.In its acknowledgment, Apple pressured out that the difficulty will not be at all times truly associated to the graceful titanium casing that homes the high-terminate iPhone 15 Pro and iPhone 15 Pro Max as any other of the stainless-steel former on older smartphones.iPhone 15 unveiled:Liberate date, mark, parts of iPhone 15, 15 Plus, 15 Pro, 15 Pro MaxApple also brushed off speculation that the overheating bid in the current fashions will most definitely be tied to a shift from its proprietary Lightning charging cable to the extra widely former USB-C port that allowed it to conform with a mandate issued by European regulators.Even when Apple expressed self belief that the overheating field can even be quick fixed with the upcoming application updates, the difficulty silent would possibly per chance per chance well dampen sales of its marquee product at time when the company has faced three consecutive quarters of year-over-year declines in total sales.The downturn has affected iPhone sales, which fell by a blended 4% in the 9 months covered by Apple's previous three fiscal quarters compared with a year earlier.Apple is attempting to pump up its sales in share by raising the starting mark for its prime-of-the-line iPhone 15 Pro Max to $1,200, an magnify of $100, or 9%, from remaining year's similar mannequin.Investor worries about Apple's uncharacteristic sales funk fill already received wiped out greater than $300 billion in shareholder wealth for the reason that company's market price closed at $3 trillion for the first time in slack June.
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darlingpumps · 1 year ago
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A Buyer's Guide: Key Considerations When Purchasing a Water Pump
Whether you're looking to address a specific water-related need or upgrade your existing system, buying a water pump requires careful consideration. With numerous options available from various pump manufacturers, it's essential to know what to look for to make an informed decision. In this blog, we will explore the key factors to consider when purchasing a water pump.
1. Identify Your Pumping Needs:
Before diving into the market, assess your specific pumping requirements. Determine the volume of water you need to move, the desired pressure, and the application environment. Is it for a residential, commercial, or industrial setting? Understanding your needs will help you select the right type of water pump, such as a centrifugal, submersible, or well pump, among others. Additionally, consider any specific features or functionalities required, such as self-priming, variable speed, or energy efficiency.
2. Quality and Reliability:
When it comes to water pumps, quality, and reliability are paramount. Look for reputable pump manufacturers known for their expertise and industry experience. Check for certifications and accreditations to ensure compliance with quality standards. Assess the durability of the pump by examining the materials used in its construction, such as corrosion-resistant components for longevity. Additionally, read customer reviews and testimonials to gauge the overall reliability and performance of the pump.
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Opting for an energy-efficient water pump not only reduces environmental impact but also leads to long-term cost savings. Look for pumps with high-efficiency motors and advanced technology that minimize energy consumption without compromising performance. Consider pumps with adjustable speed or variable frequency drives (VFDs) that allow for better control and optimization based on the required water flow. Energy-efficient pumps can significantly reduce operational expenses and contribute to sustainability efforts.
4. Service and Support:
Reliable after-sales service and technical support are crucial factors to consider when purchasing a water pump. Evaluate the manufacturer's customer service reputation, including availability, response time, and expertise. Inquire about warranties, spare parts availability, and maintenance requirements. A reputable pump supplier should provide comprehensive support, including installation guidance, troubleshooting assistance, and preventive maintenance recommendations. Choosing a pump manufacturer with a strong support system ensures peace of mind and minimizes downtime in case of any issues.
5. Cost-effectiveness:
While cost should not be the sole determinant, it is an important consideration when buying a water pump. Compare prices from different manufacturers and suppliers, but also consider the overall value proposition. Look beyond the initial purchase price and evaluate factors such as energy efficiency, maintenance costs, and the pump's expected lifespan. Investing in a quality pump upfront may prove more cost-effective in the long run, considering reduced energy consumption and lower maintenance requirements.
Choosing the right water pump involves careful consideration of various factors. By identifying your pumping needs, prioritizing quality and reliability, considering efficiency and energy consumption, evaluating service and support, and assessing cost-effectiveness, you can make an informed decision. Collaborating with a trusted pump manufacturer ensures you acquire a water pump that meets your requirements and delivers optimal performance.
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tobeeslurrypumps · 2 years ago
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Tobee® Self Priming Slurry Pump with trailer
www.tobeepump.com [email protected]
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filtrationproducts · 3 years ago
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A closer look at the super-suction sliding shoe pump
You’ll be forgiven for laughing a little bit at the name of this pump. In fact, I’m sure you’d find some interesting YouTube videos if you had to search. Here’s a fun 80’s style commercial from Reebok that has absolutely nothing to do with our kind of pumps. But all jokes aside, there is nothing silly about the functionality of the sliding shoe pump. This pump is so versatile that navy ships use it for bilge, to suck up contaminated oil or spillages at sea, and even for their own laundry waste.
The sliding shoe pump is a rare find indeed – no other pump, it has been said, provides as many unique design features and benefits. A self-priming, positive displacement pump, it can used in many applications apart from maritime, including mining, environmental (oil and pollution recovery or cleaning grey water) and many more.
Contact Us
Vissers Sales Corp
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punjabengineeringworks · 4 years ago
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Edible Oil Industry
India Was Stripped of Its Atmanirbharta in the Edible Oil Industry The rise and fall of the biggest importers of edible oil in the world. Nov 04, 2020 | B.M. Vyas and Manu Kaushik A man loads empty containers of edible oil onto a tricycle at a roadside in Kolkata, India, August 27, 2015. Photo: Reuters/Rupak De Chowdhuri
‘Freedom is the greatest fruit of self-sufficiency’
– Epicurus
The COVID-19 pandemic has been detrimental for globalisation and has led to a clamour for protectionism.
India’s national strategy is also in line with this trend with calls for ‘Atmanirbharta’ and ‘vocal for local’ increasing.
Traditionally, India was an exporter of edible oil before Independence, became self-sufficient post-Independence (till the early 1970s), floundered in 1970s and 80s and regained self-sufficiency in the early 90s (1991-94). We are currently the biggest importers in the world!
India imports around US $ 10 billion of edible oil (15 MT) annually which constitutes nearly 70% of our annual edible oil requirement of 23 million tonnes. Thus, whether you eat a roadside samosa, matthi, dosa or chola bhatura, branded biscuit or namkeen, or even aloo puri or sabzi at home, there is almost a 70% chance that it is made using oil which is not from India.
Furthermore, imported palm oil or its derivatives are used as ingredients in soaps, shampoos, shaving creams and other cosmetics too. This is not an industry that comes across as a shining example for ‘atmanirbhar’ India. An analysis of the last five decades will help us understand how we reached here.
From Independence until the mid-1970s, we averaged 95% self-sufficiency in edible oil, except for the war years and its aftermath when self-sufficiency fell down to early 90s in percentage. The cuisine, cropping patterns and climatic conditions had led to the preference of mustard oil in north and east India, coconut oil in south India, groundnut or cottonseed oil in west India, and sesame oil in Rajasthan.
This regional preference for indigenous edible oils had evolved over centuries and had become a part of our culture. In 1973-74, groundnut, mustard and cottonseed oil had a whopping 96% share of the total consumption of edible oils in India. The oil seeds were traditionally extracted by cold pressing and then filtered; a technology suited to small scale processing leading to employment for generations. It also encouraged localised procurement and distribution networks having a smaller carbon footprint. Thus, it was an ecologically sustainable system and a virtuous cycle.
The 1971 India-Pakistan war compounded by the drought in 1972, led to inflation and food shortages. The per capita edible oil availability, which was 5 litres per annum in 1971 fell down to 3.9 litres per annum in 1973 (its 19 litres now). There were acute shortages in milk and consequently ghee. The shortage of oil and ghee combined with slick marketing led to the demand for vanaspati – which was marketed as a healthier alternative to ghee.
Also read: ‘Agriculture and Atmanirbharta’ Is a Noble Vision, but Needs Hard Decisions and Political Consensus
Edible oil was hydrogenated – by adding hydrogen to convert ‘unsaturated’ liquid fats into ‘saturated’ solid fats – and made into vanaspati. The vanaspati thus formed was ghee-like not just in appearance but also had a higher melting point than oil and was thus more suited for deep frying. Dalda was the flagship brand in the industry.
Dalda vegetable ghee. Photo: Wikimedia Commons, CC BY-SA
This further reduced the edible oil available for consumption as oil per se. Vanaspati consumption essentially took away one fifth of the availability of edible oils during the 1970s-80s. This led to groundnut oil or mustard oil being banned for making vanaspati from 1976-77 to 1987-88, and imported palmolien became the mainstay of the vanaspati industry.
The popularity of vanaspati had a detrimental effect on the growth of domestic edible oils as it pushed the price of edible oil down, making oilseed crop a losing proposition for farmers. Its production stagnated – staying around 10 million tonnes of oilseeds from 1970 to 1986 – while the growing population pushed demand up, forcing the government to import more edible oil. Thus, a vicious cycle was in place.
The public resentment transformed into action on December 20, 1973, when students protested against the hike in their mess bills leading to the Navnirman movement, in Gujarat. This, in turn, inspired Jayaprakash Narayan’s Total Revolution leading to the emergency and the formation of the Janta Party’s Morarji Desai government in 1977. While everyone remembers George Fernandes for having kicked out Coca Cola, the Janta Party government also opened the import gates for edible oil. The 95% reliance on domestic edible oils maintained in the 1960s and 1970s, fell down to 70% during 1977-80.
In 1977, the then finance minister, H.M. Patel – father of Amrita Patel, who later became chairperson of the NDDB – suggested to Dr Verghese Kurien an “Operation Flood” like project for edible oils via a farmers cooperative network based on the Amul model. The objective was self-reliance in edible oils through increased productivity, effective distribution and price stability through Market Intervention Operations (MIO) by NDDB, leading to improved farmer livelihoods. The intent of MIO was to handle 15% of the edible oil produced in the country to manage price fluctuations.
The project was named Operation Golden Flow. Central to the operation was the brand ‘Dhara’, which was created to build a market for the Indian oilseed grower. It was inspired by the wordmark of Dalda in green on a yellow background, the leader in vanaspati. This was a part of the market intervention operation. Dhara was launched in Delhi on August 23, 1988. Dhara pricing was kept low due to economies of scale and blending with the donated oil from CLUSA (Cooperative League of the USA), a strategy taken from the ‘pump priming’ of donated SMP and butter-oil during Operation Flood.
Thus, Dhara brought prices of domestic oil at par with cheaper imported edible oil. NDDB and GCMMF worked as one team and launched several varieties of oil such as filtered and refined mustard oil, cottonseed oil and double filtered groundnut oil. While NDDB handled the cooperatives, procurement and production, GCMMF was the distribution partner. The established Amul distribution network helped launch Dhara in a blitzkrieg. It took the market by storm. By 1991-92, Dhara had achieved sales of 1,32,000 MT pa, which was around 50% of the organised market share.
In a coordinated attempt the then PM Rajiv Gandhi created a Technology Mission on Oilseeds (TMO) in 1986. Headed by Sam Pitroda, it took concrete steps to boost domestic production of edible oils. The area under oilseed cultivation which had stagnated between 15-18 million hectares between 1970-85 increased to 25 million hectares by 1991 and oilseed production which was stuck at around 10 million tonnes (1970-85) went up to 18 million tonnes in this timeframe. India was producing 98% of its edible oil requirement by 1990-91. A true atmanirbhar success story!
Also read: With Palm Oil Expansion, India is Blazing a Trail to a Parched Future
The period between 1990-94 could be considered the golden era of the Indian edible oil industry.
This self-sufficiency continued till the Narsimha Rao government signed the WTO agreement in 1994 and edible oil was put under OGL (Open General License) with 65% duty. By 1998 we were again importing around 30% of our edible oil. We could never foresee then, what was in store in the near future.
A woman works in a field of mustard plants. Photo: Reuters
Under the Vajpayee government, the import duty on edible oil was further reduced to 15% in July 1998 and coincidentally the Argemone adulteration Dropsy case took place in August 1998. Sixty people died and around 3,000 got sick in Delhi and caught the nation’s attention. All of a sudden, all domestic brands selling mustard oil became outcasts and even loose mustard oil was banned. NDDB had to release advertisements to inform consumers not to buy its trusted Dhara Mustard Oil. Out of fear consumers shifted to ‘purer’ aromaless, colourless, tasteless oils or solvent extracted refined oils, as we know them. Over the next few years, that black swan event, led to a shift in the socio-cultural cooking and consumption patterns of edible oil in the country.
Industry followers consider it deliberate sabotage to discredit indigenous and loose oils and promote imports. Mustard oil contaminated with argemone (essentially weed seed contamination) is an ancient occurrence, but adulteration is never more than 1%. In these cases, adulteration was up to 30%, with argemone, diesel and waste oil as contaminants. The adulteration was therefore done in such a way that it would kill, and do so conspicuously and rapidly. Thus, the tragedy was seemingly not a result of the normal business of adulteration.
As the then Delhi health minister Harsh Vardhan stated, this is not possible without an organised conspiracy. NDDB had always faced opposition to Operation Golden Flow since its inception from the local telia rajas, oil kings. Its Bhavnagar Vegetable Products (BVP) plant had suffered eight mysterious fires between 1977-1982 and senior executives like A.A. Cholani and G.M. Jhala suffered serious accidents while travelling. Even now, it appears as if to set an example, the officers of NDDB and GCMMF till date attend court hearings of the dropsy case. While the mill owner from whom the said lot was bought, and was the main accused, was acquitted in 2006 due to lack of evidence.
After this incident, the Vajpayee government imported a controversial consignment of a million tonnes of soybean seeds from the US, previously rejected by the EU. Prices of indigenous oils fell and farmers protests fell on deaf ears. The area under oilseed cultivation started falling as farmers abandoned the crop. The area under mustard cultivation fell from 7.04 million hectares in 1997-98 to 4.5 million hectares in 2003-04. While edible oil imports increased from 2 million tonnes in 1997-98 to 4.5 million tonnes in 1998-99 and five million tonnes in 2002-03.
Men work on palm fruits at a palm oil factory. Photo: Reuters/Thierry Gouegnon/Files
By 2018, 20 years since the dropsy incident, the situation transposed and 70% of edible oil consumed in India was imported. It is primarily palm and soybean oil both non-indigenous to the country, the cuisine and its people. Palm oil in itself is 50% of the oil consumed in India, one of the unhealthiest oils on the planet.
Thus, one single policy decision, and one suspected sabotage, devastated not just the entire domestic oil cooperative network built over 20 years with painstaking effort but also the cropping pattern of the country which had evolved over centuries. Domestic edible oil prices stagnated and all cooperative federations wound up like a pack of cards. Most cooperative oil mills were forced to shut down. Even today some are lying defunct and vacant.
The NDDB and GCMMF parted ways and distribution of Dhara was taken over by NDDB in 2003. The country which had doubled its oil seed production from 108 lakh tonne to 221 lakh tonne in just a decade (1986-96), was left in a lurch. Today, that very country has become the world’s largest importer of vegetable oil, in spite of having the land, the resources, willing farmers, a ready market and the ability to achieve this self-sufficiency earlier!
Also read: Expanding Oil Palm Plantations in the Northeast Could Exact a Long-Term Cost
This vacuum left the door open for the ‘ABCD quartet’– the big four Agri commodity companies of the world – Archer Daniel Midlands (ADM), Bunge, Cargill and Louis Dreyfus and other American multinationals to enter India. Cargill did a JV with Parakh Foods in 2004. Bunge bought over Dalda from HLL in 2003. Conagra bought a majority stake in Agrotech from ITC in 1997 and the brand ‘Rath’ in 2000. ADM’s was one of the earliest ones and its route was through Malaysia. In 1999, Adani did a 50-50 joint venture with Wilmar to launch Fortune Oil, which in turn has Archer Daniel Midlands (ADM) as a shareholder since 1994 (present stake 24.9%). Wilmar International itself faces a lot of criticism from organisations like Greenpeace & Friends of the Earth for deforestation of tropical Indonesian forests. Amnesty international accuses it of using child labour in plantations.
ADM, in the 1990s, was the poster boy of corporate lobbying in America. It’s then CEO Dwayne Andreas was famous for being a political campaign donor for Nixon, Ronald Regan, Bill Clinton, George Bush and Bod Dole. Allegedly his contribution to Nixon’s re-election campaign was the $25,000 found in the possession of the Watergate burglar Bernand Barker. The ADM Board included Howard Buffet (son of Warren Buffet) and Brian Mulroney, former Canadian PM. Yet in 1999, ADM was fined USD 100 million for price fixing in the international lysine market and Dwayne Andreas’s son, Michael Andreas was sentenced to 24 months in prison. ADM also perfected the art of cultivating senior politicians by flying them in ADM corporate jets. Bob Dole, in his 1988 presidential campaign flew ADM corporate jets 29 times. As recently as 2005, Obama flew twice.
Today Adani Wilmar accounts for one-third of the total edible oil imported in India. The early bird does get the worm.
If one parks aside the balance of trade and the self-sufficiency angle, studies have shown that every additional kg of palm oil consumed per capita annually leads to ischemic heart disease (IHD) mortality rates of 68 per 100,000 in developing countries. India consumes some 7.2 litres per capita of Palm oil. Just replacing it with indigenous oil shall not just save lives but also reduce overall medical costs in the country. Similarly, soybean oil has also more than its fair share of negative reports on health.
Additionally, when oilseed production grows, the country produces not only edible oil but also oil cakes and extraction which is the raw material for dairy (cattle feed) and poultry industry (poultry feed). When we go for more edible oil imports, we are depriving protein supply to dairy and poultry and have to resort to importing corn and maybe soya eventually. In the end, our agriculture is shifting to other countries and so is rural employment and farmer incomes.
The website of the US Department of State in its Agriculture Policy states that “The office of Agricultural Policy (AGP) boosts prosperity of American farmers and ranchers by opening foreign markets to American farm products, promoting transparent, predictable, and science based regulatory systems overseas; and reducing unnecessary trade barriers around the world.”
While we may debate whether we have been ‘opened’ or not, by dismantling technology missions like the TMO and adopting extra liberal import policies at the cost of rural economy we are certainly not helping our cause. We are satisfying urban consumer demands by imports at the cost of the rural economy, thus leading to rural unemployment and rural migration towards cities in search of ‘labour’ work.
Is the dream of doubling farmers income, going to be achieved by reducing the number of farmers by half?
In the light of this history, we are better placed to evaluate the advice received by the PM from agricultural scientists and economists, which he shared while laying the foundation stone of Manipur Water Supply Project on July 23, 2020, regarding cultivating palm oil in North East. The follies of the last two decades can still be overcome by reverting back to the traditional cropping patterns for oilseeds and promoting traditional edible oil as ingredients for food and non-food FMCG. It will take a missionary zeal and the strategic intent of the government, but the self-sufficiency status-quo ante of 1994 in edible oil can still be achieved. By taking up palm oil plantation in the North Eastern States we will not just accept the LAC as LOC, but as the international border.
Also read: How ‘Dirty’ is India’s Palm Oil and What Should We Do About It?
On January 8, 2020, the India Directorate General of Foreign Trade had put palm oil from the ‘Free’ to ‘Restricted’ List in what appeared to be a reaction to the criticism by the Malaysian Prime Minister Mahathir Mohammed regarding the Citizenship Amendment Act and India’s action regarding the reading down of Article 370 in Kashmir. Around 40% of the palm oil imported to India, or 17% of the total edible oil consumed, is from Malaysia.
This led to a spike in palm oil prices and consequentially of other edible oils, making their cultivation more appealing. Improved MSP this year also contributed to the cause. The Ministry of Agriculture’s CWWG report as on September 4, 2020, reported that kharif oilseeds cultivation showed a growth of 12% compared to a growth of 6% for all kharif crops. The edible oil industry is resilient and has the potential for being atmanirbhar. The question would remain- do we really want that?
B.M. Vyas is the former managing director of GCMMF Ltd and had been instrumental in the launch of Dhara. Manu Kaushik is a management professional and has also been associated with GCMMF Ltd.
For more information , visit our website : https://www.punjabenggworks.com
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shuyilin · 4 years ago
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Zhejiang Shuyilin Electromechanical Co., Ltd.
Zhejiang Shuyilin Electromechanical Co., Ltd is China stainless steel water pumps manufacturers and water pumps factory, offer custom water pumps for sale,The company mainly produces submersible pumps, deep well pumps, sewage pumps, self-priming pumps, screw pumps, multi-stage submersible pumps, canned motor pumps and more than a dozen series and more than 300 products.
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arcticdementor · 4 years ago
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In the fall of 2008, America’s wealthiest companies were in a pickle. Short-selling hedge funds, smelling blood as the global economy cratered, loaded up with bets against finance stocks, pouring downward pressure on teetering, hyper-leveraged firms like Morgan Stanley and Citigroup. The free-market purists at the banks begged the government to stop the music, and when the S.E.C. complied with a ban on financial short sales, conventional wisdom let out a cheer.
"This will absolutely make a difference," economist Peter Cardillo told CNN. "Now, if there is any good news, shorts will have to cover.”
At the time, poor beleaguered banks were victims, while hedge funds betting them down as the economy circled the drain were seen as antisocial monsters. “They are like looters after a hurricane,” seethed Andrew Cuomo, then-Attorney General of New York State, who “promised to intensify investigations into short selling abuses.” Senator John McCain, in the home stretch of his eventual landslide loss to Barack Obama, added that S.E.C. chairman Christopher Cox had “betrayed the public’s trust” by allowing “speculators and hedge funds” to “turn our markets into a casino.”
Fast forward thirteen years. The day-trading followers of a two-million-subscriber Reddit forum called “wallstreetbets” somewhat randomly decide to keep short-sellers from laying waste to a brick-and-mortar retail video game company called GameStop, betting it up in defiance of the Street. Worth just $6 four months ago, the stock went from $18.36 on the afternoon of the Capitol riot, to $43.03 on the 21st two weeks later, to $147.98 this past Tuesday the 26th, to an incredible $347.51 at the close of the next day, January 27th.
The rally sent crushing losses at short-selling hedge funds like Melvin Capital, which was forced to close out its position at a cost of nearly $3 billion. Just like 2008, down-bettors got smashed, only this time, there were no quotes from economists celebrating the “good news” that shorts had to cover. Instead, polite society was united in its horror at the spectacle of amateur gamblers doing to hotshot finance professionals what those market pros routinely do to everyone else.
The episode prompted calls to regulate Reddit and, finally, halt action on the disputed stocks. As I write this, word has come out that platforms like Robinhood and TD Ameritrade are curbing trading in GameStop and several other companies, including Nokia and AMC Entertainment holdings.
Meaning: just like 2008, trading was shut down to save the hides of erstwhile high priests of “creative destruction.” Also just like 2008, there are calls for the government to investigate the people deemed responsible for unapproved market losses.
The only thing “dangerous” about a gang of Reddit investors blowing up hedge funds is that some of us reading about it might die of laughter. That bit about investigating this as a “pump and dump scheme” to push prices away from their “fundamental value” is particularly hilarious. What does the Washington Post think the entire stock market is, in the bailout age?
America’s banks just had maybe their best year ever, raking in $125 billion in underwriting fees at a time when the rest of the country is dealing with record unemployment, thanks entirely to massive Federal Reserve intervention that turned a crash into a boom. Who thinks the “fundamental value” of most stocks would be this high, absent the Fed’s Atlas-like support in the last year?
In other words, it was all well and good for investment banks and executives of phoney-baloney companies to gorge themselves on funhouse profits on a funhouse economy, but when amateurs decided to funnel just a bit of this clown show into their own pockets, finance pros wailed like the grave of Adam Smith had been danced upon. The worst was Morgan Stanley CEO James Gorman, who issued a somber warning that those behind the recent market frenzy are “in for a very rude awakening,” adding, “I don’t know if it is going to happen tomorrow, next week or in a month, but it will happen.”
This is the same James Gorman whose company just saw its 2020 fourth-quarter profits go up 51% versus the year before, with total revenues up 16% to $48.2 billion, matching almost exactly the 16% rise in the stock market last year. If you’re going to rake in $33 million as Gorman did last year captaining a firm that just siphoned off billions in essentially risk-free profits underwriting a never-ending bailout, should you really be worrying about someone else getting a “rude awakening”? There are 19 million people collecting unemployment who might be reading those profit numbers. Does this man know how to spell “pitchfork”?
GameStop has prompted more pearl-clutching than any news story in recent memory. Expert after grave-faced expert has marched on TV to tell Reddit traders that markets are complicated, this isn’t a game, and they wouldn’t be doing this, if they really understood how things work.
Furthermore, everybody “understands” what happened with GameStop. Unlike some other Wall Street stories, this one isn’t complicated. The entire tale, in a nutshell, goes like this. One group of gamblers announced, “Fuck you!” Another group announced back: “No, fuck YOU!”
That’s it. Or, as one market analyst put it to me this morning, “A bunch of guys made a bet, got killed, then doubled and tripled down and got killed even more.”
Regarding improprieties, leaving aside that the Redditors were doing exactly what billion-dollar hedge funds do every day — colluding to move a stock for fun and profit — the notion that this should be the subject of a federal investigation is preposterous.
While it isn’t a complicated story, some of the awesome humor of GameStop is in the mechanics.
Unlike betting on a stock to go up (i.e. betting “long”), where you can only lose as much as you invest, the losses in shorting can be infinite. This adds a potential extra layer of Schadenfreude to the plight of the happy hedge fund pirate who might have borrowed gazillions of GameStop shares at five or ten hoping to tank the firm, only to go in pucker mode as Internet hordes drive the cost of the trade to ten, twenty, fifty times their original investment.
Short-sellers bet by borrowing shares from so-called prime brokers (Goldman, Sachs and JP Morgan Chase are among the biggest), selling them, and waiting for the price to drop, at which point they buy them back on the open market at the lower price and return them. The commonly understood rub is that prime brokers don’t always really procure those original borrowed shares, and often give out more “locates” than they should, putting more shares in circulation than actually exist (as in this case). GameStop is exposing this systematic plundering of firms using phantom shares and locates, by groups of actors who now have the gall to complain that they’re the victims of a “get rich quick” scheme.
The home of James “rude awakening” Gorman, Morgan Stanley, got its bank holding company license (and the lifesaving Fed credit lines that came with it) late on a Sunday night in September, 2008, because the firm couldn’t have opened its doors without it the next Monday morning. They’d have been blown to bits, by “fundamentals.” Instead, they got rescued, given a forever pass to keep feeding at the neck of society while claiming, falsely, to be not-failures and not-welfare recipients, better somehow than the “dumb money” they think should be theirs alone to manage.
The rank selectivity of this makes any moral argument against the GameStop revolt moot. There’s no legitimate cause here, just an assertion of exclusive rights to plunder, which will doubtless be exercised now in the form of bans, investigations, and increased barriers to market entry. Probably also, in the political spirit of our times, there will some form of speech crackdown on platforms like Reddit, to protect us from the mob.
About that: there are many making hay of a description found on a Subreddit, to the effect that wallstreetbets is “like 4Chan found a Bloomberg terminal.” A columnist at the Guardian, settling into the rhetorical line sure to find acceptance among the wine-and-MSNBC crowd, admitted to finding the rampaging-id dynamic on 4chan funny as a young person, but strange now to “witness a brief and regretful adolescent occupation re-emerge as a prominent cultural force.” The author wanted to admit to laughing at this “intentionally senseless” behavior, but ultimately decried the “transgressive attitudes” of the Redditors.
This is where society will ultimately come down, of course, uniting to denounce $GME as financial Trumpism, even though it actually comes closer to being an updated and superior version of Occupy Wall Street. It’s likely not any evil manipulation scheme, but ordinary people acting — out of self-interest, but also out of sheer enthusiasm for one of the best reasons to do just about anything, because you can — on a few simple, powerful observations.
They’ve seen first that our markets are basically fake, set up to artificially accelerate the wealth divide, and not in their favor. Secondly they see that the stock market, like the ballot box, remains one of the only places where sheer numbers still matter more than capital or connections. And they’re piling on, and it’s delicious, not so much because they’re right, but because the people running for cover are so wrong, and still can’t admit it.
Buy the ticket, take the ride, nitwits. If you earned anything, it’s this.
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