(extremely) Rough Guide to Catawba Farm Fest 2012

If you are going to be in or around the New River or Roanoke Valleys this weekend you might want to check out the Catawba Farm Fest. The inaugural Catawba Farm Fest, the festival grounds are conveniently located in the middle of nowhere but still very easily accessed from Roanoke and Blacksburg.

Here I’m going to highlight some of the artists who will be playing this weekend

Malcolm Holcombe: Longtime readers of this site will know this name, definitely THE must see artist of the weekend. Watch the video below to understand why. Playing Friday evening.

Hans Chew Band: Funky piano honky tonk and rock, Leon Russell with a sledghammer. check out the video below. Playing Saturday afternoon.

JP Harris and The Tough Choices: Wife cheatin’ bar fightin’ honky tonk. JP and the boys will be playing 2 sets in the dance tent, Saturday night and Sunday night.

Another Roadside Attraction: I’ve tried to explain this band before but I always have difficulty. Gypsy jazz folk punk? Whatever it is, it’s a good time. Check them out in the dance tent on Saturday.

D. Charles Speer and The Helix: This band is pretty intertwined with Hans Chew so I expect he will likely be performing with them as well. The guys put on a great show, lots of rock, lots of country, lots of soul. Appearing Saturday night on the main stage.

Black Twig Pickers: simultaneously the finest purveyors tradition laden mountain music, and masters of experimental extended improvisational jams, you never know what you’re going to get with the Black Twigs, but you can bet it will be good. Appearing sunday afternoon on the main stage.

Wayne Henderson: Well known in bluegrass circles as the finest guitar builder on the east coast, he also picks one pretty good. Appearing sunday right after the Black Twigs.

Billy Coteau Cajun Band: The dance tent seems to be where the action is Sunday evening, starting with Billy Coteau Cajun band it’s gonna be hard NOT to dance to these guys

The Jugbusters: Well known around Blacksburg, parties just seem to break out whenever these guys play. Appearing Sunday evening.

  • Vickie Keating

    October 20th, 2012


    wish i had not been out of town during this. it looks to’ve been fantastic !

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    August 12th, 2014


    But the element of arbitrage in underlying components of the ETF echoes mutual fund trading probes in 2003 that rocked the industry.ETFs are baskets of securities similar to mutual funds except an ETF’s price changes throughout the trading day and a mutual fund is re-priced after the end of the dayThe SEC Enforcement Division alleged that the trader Spencer D Mindlin obtained nonpublic details on Goldman’s plans to buy and sell large blocks of the securities comprising the SPDR S&P Retail ETF He tipped his father Alfred C Mindlin a certified public accountant and both men then illegally traded in four of the component securities knowing that Goldman would later execute massive market-moving trades in themThe alleged trading occurred in December 2007 and March 2008 when Goldman was the largest institutional holder of the ETF in order to allow its customers to short it To hedge its long position Goldman shorted the individual securities in the ETFThe order instituting proceedings said Spencer Mindlin knew of Goldman’s nonpublic position in the ETF and its nonpublic plans to trade large amounts of the component securities in order to hedge its position by way of his job on the firm’s ETF desk The Mindlins began buying and selling the targeted securities within months after the son joined the desk placing almost all of their trades in a brokerage account in the name of another family memberThe order also said Spencer Mindlin who previously worked as an analyst at Goldman Sachs Execution & Clearing and its predecessor Spear Leeds & Kellogg failed to disclose the trading to Goldman‘SHARING’ INFORMATIONAccording to the order Spencer Mindlin learned of Goldman’s trading intentions from emails he received shortly before he and his father placed their trades and his calls regarding the family member’s brokerage account were captured on recorded linesThe order said the Mindlins obtained at least $57000 in illicit profits through their insider trading before the son was allowed to resign in August 2009 after working for Goldman and Spear Leeds since June 2001The Mindlins have the right to respond to the SEC’s charges and to request an evidentiary hearing before an administrative law judgeSanjay Wadhwa deputy chief of the division’s market abuse unit said the SEC is “aggressively working to identify and prosecute illegal insider trading across multiple markets and derivatives products regardless of the complexity of the trading pattern that we have to unravel in our investigations”Wadhwa and George Canellos director of the SEC’s New York regional office where Wadhwa is associate director did not predict a focus on insider trading using ETFs and derivatives like the Mindlins allegedly did and the facts may be unique to the caseBut arbitraging the components of an ETF is similar to applying the same strategy to the underlying securities in a mutual fund The 2003 mutual fund trading probes found that some funds let select investors arbitrage their funds by waiting until after the fund was repriced before deciding whether to buy or sell the underlying securities depending on the fund’s new priceInvestigating the use of ETFs to conduct market manipulation may take a different path but the 2003 scandal brought in billions of dollars in fines and restitution and was a public relations coup for the regulators vis-??-vis fund investors especially retail holdersThe author Mark Twain reportedly said history does not repeat itself but it often rhymes Regulators nursing a black eye or facing tough fights may soon be testing Twain’s aphorism(This article was produced by the Compliance Complete service of Thomson Reuters Accelus Compliance Complete () provides a single source for regulatory news analysis rules and developments with global coverage of more than 230 regulators andexchanges) which has ongoing operations in the region,Steven Donziger. came back in 2005 and then stayed on illegally until he made a refugee claim in 2008. William Davis, easily cut in half and its second city Lahore is only 25 km (16 miles) from the Indian border. 2001 – an attack blamed on the Pakistan-based Jaish-e-Mohammed – India mobilised for war. Soon close to a million men were deployed on either side of the border in a tense standoff that was not resolved until the following summer and only then after intense US-led international diplomacyTo those of us who witnessed the build-up to the 2001-2002 standoff the rising tensions between India and Pakistan – with both sides accusing the other of escalating fighting on the Line of Control dividing disputed Kashmir – bear a troublesome resemblance to that time Then and now are bookended by the US presence in Afghanistan which began in 2001 and is due to end in 2014In the interim was a period of relative calm on the India-Pakistan front The two countries agreed a ceasefire on the Line of Control in late 2003; infiltration of militants from Pakistan into Indian Kashmir slowed to a trickle; violence in the Kashmir Valley – at the heart of a separatist revolt – came down dramatically Even after 166 people were killed in the 2008 attack on Mumbai blamed by the United States and India on the Pakistan-based Lashkar-e-Taiba Delhi only “paused” talks and took no retaliatory military actionThere were many reasons for that restraint: Indian Prime Minister Manmohan Singh was personally committed to the peace process; Delhi preferred to focus on its economic growth; the failure of the 2001-2002 mobilisation highlighted the difficulties of war between two countries which openly tested nuclear weapons in 1998; Pakistan was preoccupied with AfghanistanAnd there are many reasons for it breaking down now: Singh has been weakened by domestic political and economic crises while his Congress party facing elections next year is being taunted by the opposition Bharatiya Janata Party (BJP) for going soft on Pakistan while Lashkar-e-Taiba founder Hafez Saeed seen by India as the mastermind behind Mumbai preaches openly at homeAdding to that are concerns in India that as the Afghan war winds down Pakistan will redirect Islamist militants to the Kashmir jihad – just as it did when the Soviets withdrew from Afghanistan in 1989 Pakistan denies backing the militants And again an aggrieved India is looking on fearing the United States might stitch up a deal with Pakistan to give the Taliban a share of power in Afghanistan as it tries to find a respectable exit to the long Afghan warBut whatever the many different reasons what should worry people in South Asia and beyond is that the relative calm in India-Pakistan relations during the US-led war in Afghanistan may turn out to have been the exception rather than the rule (The deterrent effect of both countries having nuclear weapons played a role; but did not prevent either the Kargil war fought on the Line of Control in 1999 or the 2001-2002 standoff where troops were mobilised all along the border)MORE DANGEROUS NOWAdding to those worries is the fact that both countries – albeit with limited success – have been trying to advance their military capabilities since 2001-2002 In India the so-called Cold Start Doctrine is meant to allow it to launch a military strike at very short notice in retaliation for any major militant attack traced back to Pakistan Indian defence analysts are sceptical about whether it would work; the problem is that Pakistan believes it couldIn response Pakistan has been trying to develop tactical “battlefield” nuclear weapons which could be deployed against an advancing Indian army While there are questions over how successful Pakistan has been in achieving this these could in theory dilute India’s policy of “no first use” of nuclear weapons; even the use by Pakistan of a battlefield nuclear weapon against Indian troops on its own soil could trigger massive Indian retaliationYet there is almost no contingency planning for a crisis either within South Asia or outside Unlike the Soviet Union and the United States during the Cold War where deterrence was underpinned by a sophisticated system of signalling and ultimately Mutually Assured Destruction India and Pakistan are poor at signalling and unevenly balancedIn the 2001-2002 standoff India and Pakistan had almost no means of communication having severed air links and thrown out their respective ambassadors; yet both had an unnerving tendency to assume they knew the red lines of the other When the tensions over the 2001-2002 mobilisation peaked western countries called on their nationals to leave India and Pakistan fearing that any escalation would rapidly get out of handThe same could happen in any future crisis India might for example try to limit fighting to the Line of Control seeking maximum gains before outside powers forced a ceasefire But any unplanned escalation to the international border would draw in Indian troops who could in theory then become vulnerable to battlefield nuclear weapons? That is what the president suggests by drawing a red line over the debt ceiling. however, Barney Frank comes out very well indeed — better than Paulson.

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