A Miracle on 34th Street?
Summary
Discussion, critique and analysis of the potential impacts on equity, bond, commodity, capital and asset markets regarding the following:
Miracle on 34th Street?
The story takes place between Thanksgiving Day and Christmas Day in New York City, and focuses on the impact of a department store Santa Claus who claims to be the real Santa. The film has become a perennial Christmas favorite.
At the Macy's Department Store Thanksgiving Day parade, the actor playing Santa is discovered to be drunk by a whiskered old man. The no nonsense special events director, persuades the old man to take his place. The old man proves to be a sensation and is quickly recruited to be the store Santa at the main Macy's outlet. While he is successful, Ms. Walker learns that he calls himself Kris Kringle and he claims to be the actual Santa Claus.
When the nice old man who claims to be Santa Claus (Edmund Gwenn) is institutionalized as insane, a young lawyer (John Payne), with the assistance of a little girl (Natalie Wood) and her mother (Maureen O'Hara), decides to defend him by arguing in court that he is the real thing.
The film won Academy Awards for Best Actor in a Supporting Role (Edmund Gwenn), Best Writing, Original Story (Valentine Davies) and Best Writing, Screenplay. It was also nominated for Best Picture, losing to Gentleman's Agreement. In 2005, the film was selected for preservation in the National Film Registry by the Library of Congress as being "culturally, historically, or aesthetically significant".
Coal Oct 23, 2016: "Seaborne prices for coal used in power generation has nearly doubled in 2016 exchanging hands for $97.55 a tonne on Monday, up 27% just since the start of October. Metallurgical coal's rise has been more dramatic and trading at $245.50 a tonne on Monday, the steelmaking raw material is up 15% so far in October. This year's rally was triggered by Beijing’s decision to limit coal mines' operating days to 276 or fewer a year from 330 before as it seeks to restructure the industry. Safety closures and weather related supply curbs in China and Australia only added fuel to the fire."
Coal Nov 11, 2016: "In April, China introduced new coal-production caps limiting the number of working days for its miners to 276 a year from 330 previously. The value of coking coal shipped from Australia, the world’s top exporter of the steelmaking commodity, has tripled to more than US$300 a metric ton."
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Miracle on 34th Street?
The story takes place between Thanksgiving Day and Christmas Day in New York City, and focuses on the impact of a department store Santa Claus who claims to be the real Santa. The film has become a perennial Christmas favorite.
At the Macy's Department Store Thanksgiving Day parade, the actor playing Santa is discovered to be drunk by a whiskered old man. The no nonsense special events director, persuades the old man to take his place. The old man proves to be a sensation and is quickly recruited to be the store Santa at the main Macy's outlet. While he is successful, Ms. Walker learns that he calls himself Kris Kringle and he claims to be the actual Santa Claus.
When the nice old man who claims to be Santa Claus (Edmund Gwenn) is institutionalized as insane, a young lawyer (John Payne), with the assistance of a little girl (Natalie Wood) and her mother (Maureen O'Hara), decides to defend him by arguing in court that he is the real thing.
The film won Academy Awards for Best Actor in a Supporting Role (Edmund Gwenn), Best Writing, Original Story (Valentine Davies) and Best Writing, Screenplay. It was also nominated for Best Picture, losing to Gentleman's Agreement. In 2005, the film was selected for preservation in the National Film Registry by the Library of Congress as being "culturally, historically, or aesthetically significant".
Coal
Chinese production caps on coal have precipitated a rise in the carbonaceous commodity.
Coal Nov 11, 2016: "In April, China introduced new coal-production caps limiting the number of working days for its miners to 276 a year from 330 previously. The value of coking coal shipped from Australia, the world’s top exporter of the steelmaking commodity, has tripled to more than US$300 a metric ton."
This missive was published as an exclusive to Seeking Alpha. To access the ENTIRE text for FREE on Seeking Alpha, please click here. The Nattering One does not receive remuneration if you register, only satisfaction.
There is no cost involved and it has been our experience that if you exert control (by unchecking a box of two) over your communications settings in your Seeking Alpha profile, your email inbox will not be polluted with one bit of Spam (not even the cured pork shoulder variety. Tasty even.)
As we are now a "contributor" at Seeking Alpha, our published articles, instablog and comments can be found here. Please continue to follow The Nattering Naybob here and at Seeking Alpha. We thank you for your support.
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