8/12/2023 0 Comments Tao pai pai sh figuarts![]() If you ever have any questions or concerns about your experience online or in our stores, then please visit our Help section. At that point you will be sent a payment reminder email that contains a link to submit payment. The remaining amount is only due once we have received your pre-order. If you need to update the pickup location or shipping address, then reply to the order confirmation email or send us the details at referencing your order number. If it was shipped, then you will receive an email including tracking details.ģ. If you selected store pickup, then you’ll receive an email (and eventually phone after some time) that it is waiting. Bandai Tamashii Nations DRAGON BALL Z SUPER - Piccolo - Figurine articulee SH Figuarts 16cm multi-colored standard BAS60332. Once your pre-order arrives at our warehouse you will be notified.Ģ. As a result we sometimes give general ideas when they should be available, but this is common to change especially do to supply chain and distribution issues since the start of the pandemic. Collectibles rarely have definitive release/availability dates. You will receive a separate email indicating shipment along with tracking info. If the game is being shipped, then this is NOT a confirmation of it being shipped. This means you may proceed to your selected store location to pick it up during normal business hours. You will receive an automated email notifying you that your game is available on the release date. Release date changes are globally or regionally impacted and are of no fault of Video Game Heaven & Cool Stuff.Ģ. If the item’s release date is changed for any reason, then you will be notified by email. Tao Pai Pai from Dragon Ball joins S.H.Figuarts series Along with main body, additional face part for Dodon-pa and for the special killing move with his tangue are included. If you selected shipping, then please allow 2 to 8 business after the release date for delivery. This is a Bandai 55787 Dragon Ball Z Tao Pai Pai SH Figuarts Plastic Model Kit. All games will be available for pickup on their respective release date. If you wish to have someone else pick it up, then follow the instructions noted in the confirmation email once the order is ready for pickup. Once you receive confirmation, you must provide some form of photo identification and a copy of the order (printed or on your mobile device) when picking up. You will also need to wait for a confirmation email titled “: Your order is ready for pickup!” before heading to the store.Ģ. Allow 2 to 3 business days for us to move your order to your selected store location. If not, please check your spam/junk folders and be sure to add to your Safe Senders List. You should receive an email confirmation from confirming your order.
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8/12/2023 0 Comments Couch with two sides![]() I could wake up with suicidal thoughts and then hospitalize patients that day who had the exact same impulses as me. It was a perfect storm that would lead to devastating consequences down the road. This caused me to distance myself from my own feelings and present myself as not needing comfort and care. ![]() It was like living in a castle with the drawbridge pulled up, wandering around by myself behind impregnable walls. I learned to become an independent and self-sufficient kid. I grew up in a home where there was a premium placed on having a “stiff upper lip” and not expressing emotion. And then we drug, we drink, we sex and we spend trying hard to outrun our inner storm clouds. ![]() We keep the painful, overwhelming and disturbing things locked away. I have come to respect the power of the closet door. This was true even though I was treating patients with exactly the same symptoms that I had. My bipolar closet door remained firmly shut for a very long time. I’m now on two mood stabilizers, an antipsychotic and an antidepressant. I now understand medication levels, hand tremors and weight gain. Humbling indeed.īut I think that being a psychiatrist with bipolar disorder offers me a unique perspective on delivering and receiving care. I felt like I was an airplane pilot suddenly forced to sit in coach. After all, I felt that as a psychiatrist I wasn’t supposed to have this or any other psychiatric disorder. It was the beginning of a journey of ownership that I had avoided for decades. In February 2015, after 37 years of avoiding treatment, I walked into the office of the psychiatrist I continue to see to this day. It’s a story of denial, avoidance, remorse, humor, comfort, humanness and hope. I have bipolar disorder and find myself on both sides of the psychiatric couch. 8/12/2023 0 Comments Plant grow light table![]() In recent years J&C has made a giant leap on horticulture lighting. There are LED Mini Garden grow system, plant lamps, wireless sensor light and UVC lights etc., multi-functional products in our range. We are engaged in R&D functional home consumption products. Operative and strategic flexibilities allow us to achieve our goals. J&C puts an emphasis on maximum clients' satisfaction by continuously meeting our clients' needs and expectations. Our philosophy is to maintain the track of our development as a modern company that ac-tively sets trends in terms of design, technology, as well as consideration and respect for the environment. It is a company pursuing for beauty, technology and quality. J&C Lighting was founded in the year 1998. No worries for forgetting to turn the light off!īusiness Type:Trading Company,Manufacturer With Timer: LED indoor grow garden is automatically 16hours on and 8hours off, this mode make sure plants absorb enough light to do photosynthesis and enough time to rest. So delivery pack is very small, save delivery costĨ. Widely Used: indoor growing, indoor decoration, kids teaching.ħ. Height adjustable: height can be adjusted according to plant height. Easy installation: no tool required,easy and efficient installing.ĥ. This indoor grow garden will be your choice. Grow all year around:With this item, no matter in winter or in dark place, you can grow all year around. Grow light:Special designed full spectrum LED grow light promote the photosynthesis of most plants, grow better and faster.ģ. In Wikipedia.J&C MG-TG-002 grow light Table lamp type height adjustable nordic design wood&plastic material suitable for pot plants indoor lightĢ. Giving your lights a break now and again will help to increase the device’s longevity, which is why we have multiple lights on a regular rotation. The lifespan of your battery-operated plant light will differ depending on your usage and how well you maintain your light. How long do battery-powered plant lights last? However, sourcing the specific battery may be challenging. You can seek to replace the battery in the light. When you notice your grow lights underperforming or needing to be recharged constantly, it may be time for a replacement. ![]() How often should you change battery-powered plant lights? Plants require downtime and should not be exposed to too much light. Our mindset is to make use of timers wherever possible. To be honest, depending on the intensity you have set for your light, it will likely run out of charge by the end of the day in any case. You can leave a battery-operated plant light on if it has a charge. Frequently Asked Questions for Battery-Powered Plant Light Can you leave a battery-operated plant light on all the time? Ideally, you use a height-adjustable light to allow you to increase or decrease the intensity of the light for your plants. However, if the lights have built-in accessories like clips or hanging equipment, it may be enough to sway our decision from one light to another.Īutomatic timers are perfect for preserving the battery life and save you time and energy in constantly manually switching it on and off. Of course, we can get creative and use resources like attaching velcro or propping them up. Sometimes minor accessories can make the most significant difference in functionality and ease of use. We are still searching for an all-inclusive solution, and we’ll keep you updated when we find one! Accessories (clips) We figure some light is better for our plants rather than sitting in the dark. We still like to light up the darker corners (with the above battery-powered lights) where our plants temporarily live during winter. If we used the white-only lights, we would still be required to move the plants to brighter positions occasionally during the winter months to ensure they get enough exposure to red and blue lightwaves to supplement their photosynthesis processes. At least we could find a solution that accounted for blue and red light waves. This light included 16 RGB colors (albeit for aesthetic purposes), but we weren’t going to complain. The only rechargeable light we could find that featured a wide availability of light waves for our plants was the Yuewilai Magnetic Wall Sconce. Would it be sufficient for our beautiful indoor plants? ![]() One obvious concern we had with using non-specific portable lighting is the inadequate light color spectrum generic lights possess. ![]() On the upside, the rechargeable units also meant they weren’t continually using batteries and contributing to landfill – which was a huge positive in our eyes. At 50% intensity, the units could even last the entire day! Even though the operating duration for each full charge was less than optimal (at 3.5 hours at full intensity), we could still shed some light on our indoor plants during the day. We were happy to find some rechargeable options, like the EShine light. Legal experts noted that the FBI had enough evidence to get approval for a search warrant concerning Manafort. released emails last month that showed he welcomed the prospect of receiving damaging information about Clinton. “Financial matters have paper trails that can be easy to pick up and follow, so that’s a logical place to start,” the source added.Ĭongressional committees are looking at a June 2016 meeting in New York with a Russian lawyer organized by Trump’s eldest son, Donald Trump Jr. Trump has called Mueller’s investigation a “witch hunt.” Allegations of collusion between Trump associates and Moscow have hounded the Republican president since he took office in January, presenting a major distraction from his policy agenda. intelligence agencies have concluded that Russia interfered in the presidential race, in part by hacking and releasing emails embarrassing to Trump’s opponent, Democrat Hillary Clinton, to help him get elected in November. Trump has been attacking Blumenthal on Twitter this week after the senator urged Mueller to press his inquiry forward. Joshua Stueve, a spokesman for Mueller’s office, declined to confirm the raid. The FBI did not immediately return a request for comment. Mueller’s team is poring over Manafort’s financial and real estate records in New York and his involvement in Ukrainian politics, the two sources told Reuters last month.ĭemocratic Senator Richard Blumenthal called the raid a “highly significant step” and said it was “typical of the most serious criminal investigations dealing with uncooperative or untrusted potential targets.” ![]() Tax documents and financial records were sought by agents for Mueller in the raid, the New York Times reported, citing a person familiar with the matter. The previous day Manafort had met with Senate Intelligence Committee staff, the Washington Post reported, citing unidentified people familiar with the probe. Manafort’s house in Alexandria, near Washington, was raided in the early morning of July 26, the Washington Post reported. Manafort has consistently cooperated with law enforcement and other serious inquiries and did so on this occasion as well,” Maloni said in an email. ![]() Manafort’s spokesman Jason Maloni confirmed on Wednesday that the FBI executed a search warrant at one of Manafort’s homes. Longtime political consultant and lobbyist Paul Manafort is being investigated for possible money laundering and has been targeted as someone who might testify against former colleagues, said two people familiar with the work of Special Counsel Robert Mueller. WASHINGTON (Reuters) - A raid on the Virginia home of President Donald Trump’s former 2016 election campaign manager showed an investigation of possible ties between the campaign and Russia is intensifying and focused on the financial dealings of Trump associates, sources familiar with the probe said. 8/12/2023 0 Comments Youtube to mp3 trimmerOntiva can convert YouTube to WAV in just seconds!ĭo you need to download YouTube WAV converter or stick with an online YouTube to WAV converter? The purpose of using a YouTube to WAV converter is to make the process as fast as possible. ![]() Yes, it’s simple enough to use, and it still works, but the interface looks like something from the Ice Age.įast. This is all personal preference, but some platforms out there have not changed a bit in 10 years. The procedure should be very simple that even a first-timer could navigate his way without problems. The process should not be rocket science. With that being said, here are some attributes that you should look for in a YouTube to WAV converter.Įasy to use. It won’t be a surprise if every platform that can convert YouTube to WAV or YouTube Converter claims they are the best. What To Look For In a YouTube To WAV Converter Online Platform Otherwise, as previously pointed out, converting from lossy to lossless would not make any difference, but going from lossless to lossless certainly does. However, since going from YouTube to WAV means you are interested in capturing the audio quality, a YouTube to WAV converter like ours will do its job if a video’s audio is using a lossless format such as FLAC. (H.264 can hold lossy compression but is capable of creating lossless-coded regions.) That leads to another question: When should I convert from YouTube to WAV? This conversion is only for people who are addicted to quality and if the YouTube video is initially on a file format that contains lossless compression such as if it is on the H.264 video compression standard. Hence, there is no difference whether you go from YouTube to WAV or YouTube to MP3 if YouTube video is already using a file format with lossy compression such as MP4. If the video is already using lossy compression, there is no way that you can retrieve the initial lost data. In that scenario, it wouldn’t matter if you convert YouTube to WAV or YouTube to MP3. Most uploaders choose this setup because it is the easiest way, takes the shortest time to process, and is optimized for distribution. In usual cases, a YouTube video that contains music is either already lossy and compressed. ![]() So why should you convert from YouTube to WAV instead of YouTube to MP3? ![]() It is a raw format and usually contains lossless and uncompressed audio but is still capable of holding the lossy and compressed variations. WAV is a file format developed by Microsoft and IBM. Why Online Convert From YouTube to WAV Instead of YouTube to MP3? Now and then, you stumble upon these types of content and wonder: “Is there a way to get this song off YouTube and save it on my device?” The answer to that, of course, is a resounding YES, thanks to our YouTube to WAV converter. And now, even more so, many are using YouTube to influence, increase likes, and make money.Īside from videos, YouTube is also a platform where people share music in video format. Simply access Ontiva and convert YouTube to WAV online free in just seconds!īecause YouTube is a giant among all the video-sharing platforms, it is usually the preferred website to upload and share videos with. It can convert YouTube videos to any format, including YouTube to WAV and others. That means no software download is required, which saves you so much time. A YouTube to WAV online free converter is a software that you can find on the web that allows you to convert YouTube videos to the WAV format. ![]() For more information visit www.datanumen. Vera Chen is a data recovery expert in DataNumen, Inc., which is the world leader in data recovery technologies, including xlsx data error repair and pdf repair software products. One of the examples is, when using a docx error repair tool, you can always have the latest data to refer which can cut you downtime significantly. Select the style that includes the word Heading, here you can choose the list-icon with 1 Heading 1, 1.1 Heading 2, 1.1.1 Heading 3 etc. To add numbers to your headings Go to Home tab, Click Multilevel List in Paragraph Group. Since they play a vital role when your files get corrupted, the time you spend on it can pay back. The second step of creating numbered multilevel heading styles is adding heading numbers to your headings. Like always, we put a lot emphasis on taking backups for your files. You can see when you use VBA codes to get rid of the “dynamic” numbers, you can preserve the document formatting very well. Lastly, click “Run” to get the job done.However, if you have nailed the final draft of the whole document, you should take the following ones to convert all automatic numbering to plain texts: Sub ConvertAllAutoNumberToText()įor Each lisAutoNumList In ActiveDocument.Lists Firstly, if you want to convert only a selection of automatic numbering, you should copy and paste the following codes: Then double click “ThisDocument” to open the editing area on the right side. On the left side column, find the project of your document name. Thirdly, click “Visual Basic” in “Code” group.If not, please refer to our previous article: How to Insert Background Music into Your Word Document Firstly, make sure you have “Developer” tab available in the Ribbon.However, if your document has multilevel lists, you will have to repeat these operations several times.Īs a matter of fact, this is why we have second method, i.e. ![]() If your document contains only a few numbers and it requires no formatting standards, you can safely employ this method. You may already notice that the document formatting actually changes a bit. Now you have successfully converted automatic numbering to static ones.Below is an example: ![]() This time choose “Keep Text Only” under “Paste Options”.Now press “Delete” to remove the original text.First and foremost, select the text which contains automatic numbering.In case you have to auto number a text after converting it to normal text, you can always have a backup to resort. And before you trying out, we highly recommend you take a backup of your file first. So we can protect our document formatting.įollowing are our 2 methods you will need. Therefore, we need to convert these “dynamic” numbers to plain texts. And it’s in the process of adding and deleting texts that the numbers get affected. A document normally requires revisions more than once. It saves us much trouble in listing items and organizing paragraphs. Generally, we benefit a lot from the AutoNumber feature in Word. In this article, we intend to show you 2 ways to convert automatic numbering to normal texts in your Word document. 8/12/2023 0 Comments Split valorant![]() ![]() Then isn't having too many maps the issue? Not that they want to temporarily remove and rework Split? I think Fracture is ultimately meant to not be Cypher’s map, and if he were a more viable agent, it would be more ok, like how Sova just isn’t really built for Split. Other agents provide crucial flexibility that is much needed with the very multi-directional threats. You have to split your equipment multiple ways to try and hold either site largely on your own, it just doesn’t work as well as somewhere like Haven. ![]() ![]() The way the entire map is set up, not even including the wire issues you need mentioned, is kinda bad for setup-based sentinels like Cypher and KJ. Main point is, I think it’s more of a Cypher problem for Fracture than a Fracture problem. Yoru’s rework took ages after it was confirmed to be on the way, and Phoenix hasn’t been touched in quite some time despite languishing in nearly complete uselessness. I feel like that’s mostly a result of A: Cypher being one of the most out of meta agents for a bit now and B: Riot seems to have a problem with making significant buffs to poorly performing agents quickly. And there's one parallel to the way leading from stairs to site, right NEXT TO it (and why would you). There's one that you can put between heaven's outer wall and the plant box, which they will almost never cross (and why would you). You just can't put down proper wires on B main. In the best case, they'll walk into it ONCE and then they'll remember to check for wires on the stairs for the rest of the 11 rounds.aaaand that's it for B main, unless you don't mind letting them in, up to heaven. You can place your tripwire on the stairs which is the first thing they blow up before even seeing it. The rope start on offense is an interesting design and I'm one of the few who actually likes some vertical bits and bobs, instead of having a semi-flat map where you only need to move your mouse left and right.īUT as a Cypher main I really don't get how little choice/variety was left for Cypher on B, especially B main (stairs). I know it's trendy to hate on new maps but in the beginning I had absolutely no problems with Fracture. If you have any questions please send us a modmail!.Thank you to /u/PK_Fr33Z3 and /u/Vacre for the subreddit icon!.Too bright? Try the vanilla night mode!.World Cyber Games Challengers League Korea: Split 2Ĭhallengers League Taiwan/Hong Kong: Split 2Ĭhallengers League Turkey Birlik: Split 2 START AUTO-GENERATION, DO NOT TOUCH Upcoming Matches MatchĬhallengers League Malaysia/Singapore: Split 2 "¡Bienvenido, " [Welcome (in Spanish).VALORANT is a free to play 5v5, character-based tactical shooter by Riot Games. "Nuestro staff técnico quedará de la siguiente manera: - Head Coach - Coach Juntos vamos a hacer historia. "Damos la bienvenida a como head coach de nuestro equipo de Valorant. " will compete with AYM Esports in the #VALORANTRising x MediaMarkt Intel.] (in Spanish). competirá con AYM Esports en la #VALORANTRising x MediaMarkt Intel. "Desde AYM Esports nos gustaría agradecer a su gran labor durante estos meses en el equipo. This weekend we jump into the (in Spanish). Este fin de semana saltamos hacía el futuro, " [We are not going to look back, prepared for everything. "No vamos a volver a mirar atrás, preparados para todo. For detailed match results of the Regular Season, click here. 8/12/2023 0 Comments Alphard vs elgrand vs elysionOfficially launched in mid/late 2004 for Japan domestic market, Honda Elysion, which derives its name from Greek mythology, loosely translated as a “pleasing/comfortable place”, mark an important history for Honda to show off their finest technical know-how and all round safety, ecology and human comfort. This MPV was first seen as a concept car called Honda ASM at Tokyo Motor Show in late 2003 and finally made into a production half a year later with some cosmetic adjustments to its headlight, front grill and interior to make it more commercially friendly. This was more power than available in the Toyota Estima, which was quoted to be 280 PS (205.9 kW/276.2 bhp). Vehicles equipped with AWD had the same Legend engine, but the power was somewhat reduced to 279 PS (205.2 kW/275.2 bhp). The upper trim level "Prestige" model was available with the J35A V6 used in the Honda Legend, producing 300 PS (220.6 kW/295.9 bhp) and available AWD. The V6 was also available with "VCM" or Variable Cylinder Management. The Elysion was offered with either the 2.4 L DOHC direct injection K24A with i-VTEC producing 160 PS (117.7 kW/157.8 bhp) or the 3.0 L SOHC J30A V6 i-VTEC producing 250 PS (183.9 kW/246.6 bhp). Another styling change was introduced 21 December 2006, including an interior update. 13 January 2006 saw the introduction of the "G Aero HDD Navi" and "VG HDD Navi Aero" edition. A mild body restyle was introduced 29 September 2005, introducing an "Aero" and "VG Premium" trim level. The Elysion appeared at the Tokyo Motor Show, on October 2003 as the "ASM", and was released for sale on. ![]() You can choose from 2.0 or 2.4-litre engines, and while equipment levels aren’t lavish, this does help keep the prices down, with values of older examples starting at a mere £1000.First-generation series RR1 thru RR6 First generation As a van it’s very versatile, with a multitude of interior layout configurations and either seven or eight seats depending on spec. Sharing its DNA with the Honda CR-V means the Stepwagon should exhibit the same reliability and ease of ownership as its SUV stablemate. Between £3000 and £14,000 should get you into the driver’s seat. Wise buyers will take a test drive, obtain a warranty and check over the 4x4 set-up for noises and leaks. The Elgrand is available in two- or four-wheel drive, and the engine range incorporates 2.5-litre and 3.5 V6 diesels alongside a 3.2 petrol V6. Ownership should be a breeze, too, thanks to typical Nissan reliability and relatively easy parts supply. Living up to its name, this van is grandly kitted out with impressive standard equipment levels. ![]() Prices range from £6500 to £22,500 – used examples are relatively plentiful, so bag a bargain by avoiding any that show signs of neglect. Another bonus is that the Toyota is available with a hybrid drivetrain – which is just as well, as there’s no diesel alternative and the 2.4-litre and 3.0 V6 engines are pretty thirsty. ![]() The mid-spec 2.5-litre V6 diesel is the sweet spot between the sluggish 2.0 16-valver and thirsty 2.5 petrol V6, and you’ll be looking at between £1600 and £16,000.Ī great reputation for practicality and reliability, along with a broad spec line-up, have helped make the Alphard Japan’s best-selling MPV. The quality of full-on camper conversion work varies wildly, though, so check any modifications carefully. Mazda’s versatile Bongo can again seat up to eight (or possibly a drum kit should you wish to pursue the theme), but you won’t need to carry a separate spare mattress here because the seats fold down into a cosy double bed. Crazy name, crazy van, but there is some sanity behind the madness. 8/12/2023 0 Comments Pool time clock![]() ![]() These are small devices that fit over one finger and allow you to to click a button with one hand each time you turn. Our Popular Digital Time Clock 7 Day / 24 hour specifications include: 2 channel Pool Pump 100 Hour Reserve 100 Hour Battery Back up 2 Pole 240V 16A. Sticking one of these at the end of your lane during a workout may be the next best option to a wall-mounted clock.Ī lot of swimmers like lap counters. For instructions on wiring a two-speed (T106) timer, click here. Enter: shower clocks! Amazon has a huge variety of them in both digital and analog in a number of sizes. If you want to turn the pump on and off through a timeclock, you also need a T104 timer or purchase a combo timer that has both a T106 and T104 timer in it (T10604R). I spent a decent amount of time online trying to find a small deck clock that you could carry in your bag and put at the end of your lane, and at this point I swear they don't exist. Garmin Swim - keep in mind, Garmin makes a series of watches for multisport athletes, this is just for swimming, so if you are a triathlete I'd recommend doing more research on other Garmins. In addition to those, below are a few options for watches that have received decent reviews:Īpple Watch (Series 2, but Series 3 also has swim capabilities) I personally have used the Garmin Forerunner 225, Apple Watch Series 2, and Timex Ironman Watch (all included on list below, I did a blog post on using each of these here). ![]() I am not a big fan of wearing a watch in the pool (though for triathlons I definitely do), just because when I get to doing intervals on tighter bases it can sometimes be a pain to hit the wall, orient yourself enough to look at the watch, register what it says (or get the face to wake up, in the case of Apple), and push off the wall in time. However, if you are doing a timed swim, having a watch on your wrist that can vibrate to let you know when you've hit certain times is a great help. There are a number of watches on the market for both swimmers and triathletes that will work in lieu of a clock at the pool. If that is the case, there are a few options: Watches Users are strongly encouraged to upgrade to the network time protocol (NTP), which is both more accurate and more robust. It is possible that you will be swimming at a pool that does not have a clock. 8/12/2023 0 Comments Big business band press photo![]() A 2013 study, for example, reported that half of all clinical trials in the US are never published in a journal.Īccording to critics, the journal system actually holds back scientific progress. Researchers may end up inadvertently exploring dead ends that their fellow scientists have already run up against, solely because the information about previous failures has never been given space in the pages of the relevant scientific publications. But it also means that scientists do not have an accurate map of their field of inquiry. This produces a steady stream of papers, the importance of which is immediately apparent. Journals prize new and spectacular results – after all, they are in the business of selling subscriptions – and scientists, knowing exactly what kind of work gets published, align their submissions accordingly. Many scientists also believe that the publishing industry exerts too much influence over what scientists choose to study, which is ultimately bad for science itself. ![]() What other industry receives its raw materials from its customers, gets those same customers to carry out the quality control of those materials, and then sells the same materials back to the customers at a vastly inflated price?” (A representative of RELX Group, the official name of Elsevier since 2015, told me that it and other publishers “serve the research community by doing things that they need that they either cannot, or do not do on their own, and charge a fair price for that service”.) Adrian Sutton, a physicist at Imperial College, told me that scientists “are all slaves to publishers. The publishing business is “perverse and needless”, the Berkeley biologist Michael Eisen wrote in a 2003 article for the Guardian, declaring that it “should be a public scandal”. Scientists are well aware that they seem to be getting a bad deal. A 2005 Deutsche Bank report referred to it as a “bizarre” “triple-pay” system, in which “the state funds most research, pays the salaries of most of those checking the quality of research, and then buys most of the published product”. ![]() A 2004 parliamentary science and technology committee report on the industry drily observed that “in a traditional market suppliers are paid for the goods they provide”. Outside observers tend to fall into a sort of stunned disbelief when describing this setup. It is as if the New Yorker or the Economist demanded that journalists write and edit each other’s work for free, and asked the government to foot the bill. The publishers then sell the product back to government-funded institutional and university libraries, to be read by scientists – who, in a collective sense, created the product in the first place. Scientists create work under their own direction – funded largely by governments – and give it to publishers for free the publisher pays scientific editors who judge whether the work is worth publishing and check its grammar, but the bulk of the editorial burden – checking the scientific validity and evaluating the experiments, a process known as peer review – is done by working scientists on a volunteer basis. ![]() The way to make money from a scientific article looks very similar, except that scientific publishers manage to duck most of the actual costs. All of this is expensive, and successful magazines typically make profits of around 12-15%. In order to make money, a traditional publisher – say, a magazine – first has to cover a multitude of costs: it pays writers for the articles it employs editors to commission, shape and check the articles and it pays to distribute the finished product to subscribers and retailers. It was a 36% margin – higher than Apple, Google, or Amazon posted that year.īut Elsevier’s business model seemed a truly puzzling thing. In 2010, Elsevier’s scientific publishing arm reported profits of £724m on just over £2bn in revenue. With total global revenues of more than £19bn, it weighs in somewhere between the recording and the film industries in size, but it is far more profitable. Despite the narrow audience, scientific publishing is a remarkably big business. The core of Elsevier’s operation is in scientific journals, the weekly or monthly publications in which scientists share their results. Aspesi, though, had reason to believe that that prediction – along with those of every other major financial analyst – was wrong. It was one of the few publishers that had successfully managed the transition to the internet, and a recent company report was predicting yet another year of growth. Reed-Elsevier, a multinational publishing giant with annual revenues exceeding £6bn, was an investor’s darling. I n 2011, Claudio Aspesi, a senior investment analyst at Bernstein Research in London, made a bet that the dominant firm in one of the most lucrative industries in the world was headed for a crash. |
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