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" ... Interest rates have been a deeply-feared (though much overblown) stock market headwind for a year or so. The wind has shifted with the Fed’s remarkable about-face, going from restrictive to accommodative in record time, and transmuting a headwind-slog into an easy tailwind cruise. Other major central banks are following the Fed and switching feet from brake to throttle. Trumps’s efforts to reshape the Fed by nominating folks like Herman Cain may even throw gasoline on the free-money fire. Mortgage rates plumb record lows anew, and those that missed them may want to scurry. Of course, low rates are good for stocks because they make non-stock investment alternatives look even more dismal, and because low rates are good for business by reducing expenses and giving consumers more loot to buy goods and services with. ... "
" ... Sunlight poured into Gagosian’s Chelsea gallery, illuminating the rhythmic dance of mirrored foil, silicone, acrylic glass, resin, and acrylic on wood. The painting, no doubt, transforms throughout the day, as light acts as yet another material on the canvas, transmuting the viewer’s perception. ... "
" ... The efficiency of the gas-target source is limited, so they will need to step up to firing the accelerator beam into a plasma (an electrically-charged gas) instead. This will be their major commercialisation effort over the coming year. Piefer expects that the Phase 3 device will produce energy of only about one tenth of energy breakeven, but it’s enough. They will be practicing at fusion, working on increasing the output, while providing value and generating revenue by transmuting radioactive waste. ... "
" ... We hold that under the UVTA, physically relocating personal property and transmitting or transporting sale proceeds out of state, then transmuting them into a different legal form, may constitute a direct or indirect mode of parting with assets or one’s interest in those assets. ... "