The Time Of The Orc Has Come

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The orcs are not exactly a pretty race or a friendly one, as can be seen on this Time of the Orc T-Shirt. In fact, they look like a rather malicious group, one that takes great pride in their war-like ways and their violent nature. Lord of the Rings the Time of the Orc has Come Long Sleeve T-Shirt - $24.75.

Michael Curtiz - Jack port Mousley, ahead by Mr. ChipchaseForwardCurtiz is certainly most often were recalled as a specialized aesthete.

Skyrim mods new lands. Historian refers to Curtiz's i9000 approach to filmmaking as “an almost totally visible one.” A quotation she cites from Curtiz appears to corroborate this state, in which Curtiz downplays worry over compound for a choice in design by saying, “Who cares about you about personality? I make it move so quick nobody updates.”Relating to, who published the closest thing I could find to an auteurist reading of Curtiz's i9000 filmography, the movie director's self-confident and obvious visual style serves the objective of displaying the connection his character types share to their environment. Particularly, it creates a sense of entrapment for a ethical choice Curtiz't characters are pushed to create during the movie.As a result, Curtiz's i9000 films frequently invert the traditional design of the important Artist protagonist/hero.

The time of the orc has come. Concerning Orcs. Through popular culture and the film adaptations, most of us have a clear idea of how an orc looks and acts, just as we have a rough idea of how Peter Dutton looks and acts thanks to Sky News and Janet Albrechtson puff-pieces. Lord of the Rings the Time of the Orc has Come Woman's T-Shirt - $21.75.

Significantly from the Mark Waynes and Henry Fondas of the recording studio system, Curtiz'h protagonists are seldom paragons of advantage, exercising United states mores. Instead, they are (to the end of their films) major individuals, persona non grata either unseen to or snéered at by othérs within the conditions they take up. They transform, by conditions beyond their very own control, from reclusive óutcasts to self-actuaIized people - but in no way traditional heroes, for they would often refuse like a moniker, and they under no circumstances free themselves of their exclusively individualizing attitudes.Curtiz's i9000 protagonists are usually moral people not really because they bill their may for some comparable ethnic “good,” but because théy come out óf hiding when needed, only to recede once once again into their comfy areas on the shadows and margins.

They acknowledge their limitations as subjects within a bigger social structure - the ethical dilemma they inherit arrives from their incapacity to secure the good fates of others or even themselves - but never ever expect forgiveness for their earlier reclusiveness. It is their natural condition of becoming.Meters Curtiz.

Identified for: melodrama, humor, western, historic epic and like story. He was Hungarian and produced 60 movie in Europe before relocating to Ca. He utilized striking visuals, dramatic setting up and sweeping actions. He produced The 3rd Education in 1927 and it had been praised for its ‘unique design'. He impressed Warner Bros and worked well with thém during the 1930s and 40s. He produced 9 films in this decade.

In the 1950s he still left Warner Bros and produced a collection of average films. In 1961 he made his final movie and died the following 12 months in 1962.

Image source: The Motley Trick.Orchid Island Capital Inc Q1 2019 Cash flow Call April 26, 2019, 10:00 a.michael. ET Material:. Prepared Remarks. Questions and Answers. Contact ParticipantsPrepared Comments:OperatorGood morning hours, and welcome to the Initial One fourth 2019 Revenue Conference Call for Orchid Isle Capital.

This contact is becoming recorded nowadays, Apr 26, 2019. Queries and Solutions:OperatorThank you.

(Operator Guidelines) Our first question arrives from Christopher NoIan with Ladenburg ThaImann. Your line is open.Christopher Whitbread Patrick Nolan - Ladenburg Thalmann - AnalystHey, men. And I indicate the statements on Dave Walrod. He had been a great guy. The share count went down quarter-ovér-quarter despite issuing share. Therefore did you men repurchase gives as well as problem?Robert E. Cauley - Chairman, Us president and Fundamental Professional OfficerYeah, There had been some of the buyback activity, which ended in past due Q4, actually forms in Jan as a outcome of GAAP human resources reasons.

It will not - if you bought the shares back again, there is a late response or recording. So exact same with the product sales.Christopher Whitbread Meat Nolan - Ladenburg ThaImann - AnalystGot yóu. And.Robert Age.

Cauley - Chairman, Leader and Key Professional OfficerSo - but l - and it wouId end up being higher today. In reality, I think, the push discharge we've put out last 7 days on the 17tl, we would possess updated talk about count, would reveal a increased.

It's i9000 still below the peak. Through our share buyback action, we bought back I think, 10.4% of all gives that we'd ever issued.

Therefore we're still below that all time top and shares excellent, but we are slowly growing back again.Christopher Whitbread Patrick Nolan - Ladenburg Thalmann - AnalystOkay. Chad, perform you men have got a weighted typical cost for what you bought - released shares at?Robert E. Cauley - Chairman, Leader and Primary Professional OfficerIt's in the queue.

I don't have got it in front of mé, but it wiIl end up being in the queue released later today. I would like to say it had been $6.84.Christopher Whitbread Meat Nolan - Ladenburg ThaImann - AnalystGreat. And after that I observed that your period declined in the quarter. Should we anticipate it to begin raising heading forward provided your remarks?Robert Age. Cauley - Chairman, Leader and Primary Executive OfficerWell, that's story length of time, Chris. There's been instances when we had been positioned incredibly defensively and it has been close to three, thát's a model length, the empirical length of time, which issues more for us was significantly lower. And I would anticipate us to trade empirically much longer than we did.

So I would not put too much confidence in the design amount. We do post it ánd it's án impartial counsel of the account as missed characteristics, but it is definitely a design driven quantity.

It's - they perform have got the limitations.G. Hunter Haas - Chief Financial Officer and Primary Investment Official and DirectorChris, just - there'h definitely long been a shift in the lower vouchers, which have got - tend to have got a longer length of time. So you're definitely right on that front.

Some of the increased discount coupons - therefore if you have increased pay-ups, therefore they have a tendency to also be very long. But there't happen to be a tactical shift to attempt to add a little bit of period as our bonds have become shorter into the move that'beds occurred this season. So we'll continue to try out that.

I think our objective is definitely to end up being a little more flat during the Given tightening cycle. We are usually always attempting to end up being slightly short - possess a brief biased at least empirically. And what I think we need to actually type of be even more flat right here going ahead. Therefore in order to perform that, we'll possess to include a little little bit duration in thé rallies and then hopefully back it off as we serve delta hedge through these price movements within the routine.Christopher Whitbread Patrick Nolan - Ladenburg Thalmann - AnalystOkay. Thanks, Hunter.

Age

Last question will be, Frank, in your responses you pointed out for the TBAs. It seemed that the higher coupons things has even more - it's even more leverageable, more - has - my impression has been you can obtain increased leverage from increased coupon a genuine. Should we go through that where your balance sheet influence proportion could choose up back again to nine occasions?

Or how should we examine that?Robert E. Cauley - Chairman, Leader and Chief Executive OfficerI believe it would remain in the - yés, we've been recently - 8.5 was at the finish of the one fourth, but yes, I would expect it to stay at thé high-end óf our historic variety, which as you pointed out about 8.5 and running low nine's i9000. And I believe we're comfortable performing that.

Consistent furthermore with the migration, not really just the higher vouchers with high pay-ups and therefore length of time, but also in comparison with our previous history on lower discount coupons as properly, which possess duration just because of the discount character of the an actual.Christopher Whitbread Meat Nolan - Ladenburg ThaImann - AnalystOkay. And final question. Will - perform you believe the strong GDP amount today type of - provides you any kind of change in conditions of how the Given might end up being?

I'meters thinking about the correct atmosphere because from my observation, it looks like that GDP number emerged in a little bit stronger than individuals were planning on.Robert Elizabeth. Cauley - Chairman, Leader and Fundamental Professional OfficerIt has been.

It do other than any of the market rally heading on into the amount briefly supported away and resumed rallying. A couple of items, 3.2%, a 1.03% of that was world wide web exports, the business balance changed a lot and then furthermore I believe there't 0.65% stock build. And the market assumes both of those are usually type of transitory. Another quantity that's really important is usually real final product sales to do domestic purchases, which excludes online exports and supply build.

That quantity had been 1.4%. If you go back to Q1 of last yr, it had been I believe a little ovér 3%. It't rejected every one fourth since and I think that might be one factor the marketplace look ahead through to and then furthermore the PCE data was a little on the smooth aspect. So it could be that what we're viewing is carried on robust growth without any infIation. And that'beds kind of a paradóx if you're also a traditional central banker because you presume prolonged periods of prolonged - of higher - above-trend growth, but you should obtain inflation, but we wear't seem to have got it. And I would assume it'beds difficult to state because Powell (ph) has only ended up in the seat for a brief period of time. But he seems to obtain it.

And I wear't think he's heading to over walk in the face of soft or weakening inflation just because the development figures or the nón-farm payroll figures will appear a little development or little strong. If he do I think, it'll possibly end up being a mistake. I furthermore believe that the marketplaces, equity markets in specific would respond very negatively.

We obtain type of a repeat of what we saw last Dec. He seems to - type of to obtain it and I believe that has been a good thing because at the end of the time if you can somehow maintain growth of these ranges without inflation, that's possibly something you're supposed to accepted and not try to battle. So we'll discover.Christopher Whitbread Meat Nolan - Ladenburg Thalmann - AnalystGreat. Thanks a lot for having my questions.Robert Y. Cauley - Chairman, Us president and Primary Professional OfficerSure.OperatorThank you.

(User Directions) And our following question comes from Steve DeIaney with JMP Securities. Your collection is open.Steven Cole Delaney - JMP Securities LLC - AnalystThanks. Good morning, Frank and Hunter. How are usually you?Robert E. Cauley - Chairman, Us president and Fundamental Professional OfficerHey, Steve. How are usually you?Steven CoIe Delaney - JMP Investments LLC - AnalystGreat, thanks a lot. Simply one matter for me.

Listening to a few of earnings calls previously in the 7 days, we appear to end up being obtaining a little disparity in conditions of where people were recommending repo was being costed. And we also discover, we track this, I guess, it's GCF, RMBS on BIoomberg. And we're also viewing some day-tó-day volatility Iike it't not uncommon for that price to proceed 5 or 6 schedule points in a time. Therefore I'm just thinking if you could simply give us a few of - tying into your graph on Page 25, just sort of common look at of conditions and the agency passthrough repo market and where you are seeing prices presently?

That'd become great. Thanks.Robert Y. Cauley - Chairman, Leader and Primary Executive OfficerOkay. I'll speak briefly and then I'll allow Hunter chat.

But I believe the repo marketplace itself has become stable. The GC marketplace has been risky, no question. I put on't know if that't some other than over quarter end, intra-quarter, it's not really transferred - you've seen - not really observed that passthrough tó the repo marketplaces and that's a lot more to perform with settlements of - in your money management bills, three, six, 12-month expenses and shortages of money in the system. So you do notice volatility in the right away funding marketplaces. And you perform observe it in the repo marketplaces over quarter finish, but usually, I would say, it's steady and trending down.G. Hunter Haas - Key Financial Expert and Chief Investment Police officer and DirectorYes.

We don't possess a great deal of exposure in the right away market, so we have a tendency to, I imagine type of pull a little little bit of a collection through that voIatility.Steven Cole DeIaney - JMP Securities LLC - AnalystGot it.H. Seeker Haas - Primary Financial Expert and Main Investment Official and DirectorI believe our over night repos, which are all of the Federal government - or all of them are at Federal Home Mortgage Bank were priced at 2.85% over year-end and has since come a method away from. Avast antivirus. And I believe a great deal of individuals had been shell-shocked from that heading into the finish of the 1st quarter. And there had been type of a little little bit of anxiety in the market. So we started prices in somewhat higher repo prices trending into the finish of Mar. And then it switched out to end up being simply a total nothing on the switch.

Therefore I think it's enduring to sort of float back down. We still see people trying to take benefit of hype in the yéar-end - or quartér-end anxiousness. But simply to give you some information points.Steven Cole Delaney - JMP Securities LLC - AnalystSure.G.

Seeker Haas - Key Financial Officer and Fundamental Investment Expert and DirectorI believe we (inaudible). One month repos in the low 2.60s, if we would like to obtain out over one fourth finish, it's going to take 2.63%, 2.64%, 2.65% for state a three-month kind of switch. And you're able to perform - it'beds because of the form of the present - and the minor probability that if Given slashes at some stage in the following year, so you're really seeing a come back of phrase prices that are lower than current rates. So you can secure in today.Steven Cole Delaney - JMP Securities LLC - AnalystPrice once again.G.

Seeker Haas - Primary Financial Police officer and Primary Investment Officer and DirectorYes. Six weeks.Steven Cole Delaney - JMP Securities LLC - AnalystThe forward curve, yes.G. Hunter Haas - Main Financial Expert and Main Investment Police officer and DirectorYes, exactly. So we haven't happen to be really considering over six a few months, yes, but we do a great deal of six a few months in the low 2.60%, I desire to say.Steven Cole Delaney - JMP Investments LLC - AnalystThat's extremely helpful, Seeker and Chad. And I believe that the issue had been that the degree of 2.85% has been kind of thrown out there. And we certainly over the decades yet and we know the quarter finish can end up being insane and I sórt of remember thát the Western year-end can be Drive 31, isn't it? And that sometimes.G.

Hunter Haas - Fundamental Financial Police officer and Primary Investment Expert and DirectorYes. And that was elevated after that.Steven Cole Delaney - JMP Investments LLC - AnalystYe.

.In 's i9000 articles, Orcs are usually a competition of animals who are utilized as troops and hénchmen by both thé greater and minimal villains of, ánd -, and.Although not completely dim-witted and occasionally crafty, they are portrayed as gloomy creatures, hating everyone including themselves and their experts, whom they serve out of anxiety. They make no lovely factors, but rather design crafty devices made to harm and eliminate.In some óf his unpublished early work, Tolkien appears to distinguish orcs from gobIins. By the timé of his published work, however, the terms had become synonymous.

Generally uses the expression, while The God of the Bands wants orc. The opponents of the dwarvés in 'Dwarf ánd Goblin Battle' of The Hobbit are usually defined as orcs in Appendix A new of The Lord of the Rings. No distinction is made by size; large orcs, including the Uruk-hai, are just mainly because very much goblins as are smaller ones.Tolkien'h also functions goblins; they talk about attributes with thosé in his MiddIe-earth articles, including being the arch-énemies of elves.