Collectors in Flight: Jerry Yagen and the Making of the Military Aviation Museum

Jerry Yagen never dreamt of becoming one of America’s foremost aviation collectors. But in less than 25 years, the founder of Centura College and the Aviation Institute of Maintenance has assembled one of the premier collections of World War I and World War II aircraft in the nation.

Yagen had experience with general aviation but it wasn’t until he and his wife attended a World War II–themed dinner dance at the Canadian Warplane Heritage Museum during the annual Aerostar convention in 1994 that Yagen had a collecting epiphany. Soon thereafter, he acquired the first aircraft in his collection, a Curtiss P-40E Warhawk. Today, his Virginia Beach–based Military Aviation Museum is home to almost 70 historic aircraft—all of which fly.

How and when did you begin collecting?

As a kid, I built model airplanes and flew control-line model airplanes. I was fascinated and soloed in a Piper Cub at the age of 19 when was in college. In the early 1990s, I attended an event that inspired me, and the Military Aviation Museum is the result. I didn’t plan this.

What guides the choices you have made in collecting airplanes?

The aircraft built by the world’s major governments during the world wars were at the leading edge of technology at the time of their design. Their performance, what it would be like to fly them—that’s what interests me, not so much the politics behind the aircraft but the technology.

What’s your philosophy of collecting and why do

Article source: http://robbreport.com/motors/aviation/aircraftcollector-2776112/

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Fitness model Jen Selter kicked off Miami flight by police

Social media Influencer Jen Selter has nearly 12 million Instagram followers. She is known for her fit figure, but on a flight from Miami to New York, her famous status did not exempt her from getting kicked off the airplane by police.

According to TMZ, Selter and her sister were on a delayed flight home for more than two and half hours. Despite the “stay seated” orders given to the passengers, the fitness model got up to get something from the overhead compartment. A flight attendant ordered the 24-year-old model to sit down.

Selter refused to comply, allegedly arguing that there where two other passengers standing in line for the restroom. That’s when the flight attendant asked her if she wished to get off the plane, and Selter responded “yes.”

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Moments after, she was being asked by the captain to evacuate the aircraft, but she refused. And began recording parts of the encounter, which she posted on Twitter.

She is seen corroborating the story about the flight attendant asking her if she wished to get

Article source: https://www.yahoo.com/lifestyle/fitness-model-jen-selter-kicked-off-miami-flight-police-214419330.html

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Boeing profit blows past estimates with help from US tax cut

Boeing shares jumped as earnings rose on surging deliveries of the 737, the planemaker’s largest source of profit, and an unexpectedly large one-time gain from U.S. tax cuts.

The company pocketed a tax boost of $1.74 a share in the fourth quarter and expects more benefits to come this year. Corporate levies are falling just as the Chicago-based manufacturer starts to see large cash gains from its 787 Dreamliner after a decade of losses.

Lower taxes are combining with record jetliner deliveries to fuel the cash gush at Boeing, the biggest gainer on the Dow Jones Industrial Average in 2017 and so far this year. In an earnings report, the company predicted the first annual sales growth since 2015 and said operating cash flow, a focus for investors, would climb to $15 billion.

“The buyback and cash flow have been the whole story on the stock for the last year,” Ken Herbert, an analyst at Canaccord Genuity, said in an interview before the earnings were released.

General Electric to become the largest U.S. industrial company by market value.

Adjusted fourth-quarter earnings were $4.80 a share, Boeing said, or $3.06 a share excluding the tax gain. Analysts had predicted $2.90 a share, according to the average of estimates compiled by Bloomberg. Revenue rose 8.9 percent to $25.4 billion, compared with the $24.7 billion analysts expected.

As GE has stumbled, Boeing’s steady performance and willingness to hand shareholders bucketfuls of cash attracted investors, Herbert said. The

Article source: http://www.chicagotribune.com/business/ct-biz-boeing-4q-earnings-20180131-story.html

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NTSB says undetected metal flaw led to dangerous jet engine failure and fire

The aviation industry needs improved engine-inspection methods to avoid missing a type of flaw in metal parts that caused a near-catastrophic breakup of a jet engine on a Boeing 767 in 2016, the National Transportation Safety Board (NTSB) said Tuesday.

The NTSB also pointed to shortfalls in how the American Airlines flight crew handled the emergency after the fire that broke out as the airliner about to take off in Chicago that fall.

And NTSB members criticized the behavior of passengers who tried to haul luggage off the burning plane.

On Oct. 28, 2016, the right engine of the Boeing jet exploded as the plane accelerated down the runway. The pilot aborted his takeoff and brought the plane to a halt within 900 yards, with the engine and wing on fire.

All 161 passengers and nine crew aboard the plane were evacuated via escape slides to the ground on the left side of the plane.

Twenty people suffered minor injuries, and one passenger, a 77-year-old man, suffered multiple broken bones and a blow to the head when knocked over by the jet blast from the left engine, which had not been shut off.

Explosion on takeoff

The fire began when a heavy metal disk that spins at great speed within the engine core broke into pieces with explosive force. The metal pieces pierced the sides of the GE engine, a highly dangerous outcome

Article source: https://www.seattletimes.com/business/boeing-aerospace/ntsb-says-undetected-metal-flaw-led-to-dangerous-jet-engine-failure-and-fire/

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Wendell Castle, who created art out of furniture, dies at 85

Wendell Castle was an artist known as the father of art furniture whose masterworks were exhibited in pre-eminent museums around the United States. Photo Credit: Courtesy of Friedman Benda and Wendell Castle

Wendell Castle, an artist known as the father of art furniture whose masterworks were exhibited in pre-eminent museums of the United States but were also objects to be sat or eaten upon, or to hold a raincoat and hat, died Jan. 20 at his home in upstate Scottsville. He was 85.

The cause was leukemia, said his wife, Nancy Jurs, who also is an artist.

Over more than a half-century, Castle helped establish a creative genre, the studio crafts, that blended furniture-making and sculpture. He was a designer whose chairs, tables and coat racks were works of art, and an artist whose oeuvre could be used as well as admired.

“There is no hierarchy in art,” he once told The Washington Post. “Work is either good or bad, successful or unsuccessful, but it isn’t lessened by being useful.”

His pieces were displayed in institutions that included the Metropolitan Museum of Art and the Museum of Modern Art, the Smithsonian Institution’s Renwick Gallery in Washington and the Philadelphia Museum of Art. They also appeared in the homes of patrons who could afford Castle’s price tags, which reached into the tens of thousands of dollars.

His works defied expectations for both furniture and art, as well as for the very wood they

Article source: https://www.newsday.com/news/nation/wendell-castle-who-created-art-out-of-furniture-dies-at-85-1.16448814

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A CFO’s Quest for ‘The Price Is Right’

At large companies, many CFOs are only peripherally involved in pricing decisions. It’s often different at smaller firms, where finance chiefs tend to wear more hats. But even there, it’s probably quite rare for pricing to be the CFO’s primary focus, as it is at Xometry.

Laurence Zuriff, Xometry

In fact, the opportunity to instill more rational pricing into a market niche was a key formative element for the company.

A few years ago, Xometry’s two co-founders, chief executive Randy Altschuler and CFO Laurence Zuriff, were investigating business opportunities in the on-demand manufacturing arena. They were attracted by the high level of technological innovation in the space, particularly with respect to 3D printing (also called additive manufacturing).

The pair visited lots of machine shops and additive manufacturing service bureaus. “We discovered that they were largely mom-and-pop-type operations where a rollup of any kind would not make sense,” Zuriff tells CFO. “What we also discovered was that there was incredible price opacity in that marketplace.”

They observed extreme pricing differentials for very similar manufactured parts in different geographic locations, as well as variances from week to week or even day to day. That, of course, posed problems for the manufacturers’ customers.

Pricing “could change overnight, depending on shifts in supply and demand in very localized markets,” says Zuriff, a former managing director at investment manager Granite Capital International. “While that was probably pretty efficient on a local basis, it was inefficient on a national basis.”

The founders set about building a network

Article source: http://ww2.cfo.com/profiles/2018/01/a-cfos-quest-for-the-price-is-right-xometry/

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Winter Festival all week in Lambertville and New Hope | Warr | NJ.com

Food, beer, music, exhibits, tours, ice sculpting, gallery crawling, family fun, puppet theater, Karaoke, and shopping extravaganzas are attracting visitors from far and near this week. And did I mention food?

The 21st annual Winter Festival in Lambertville and New Hope began on Saturday, Jan. 20 and it runs through Sunday, Jan. 28. The twin towns connected by a bridge across the Delaware River are celebrating winter for nine days.

Lots of activities are on tap all week, leading up to a big final weekend this Saturday and Sunday. Many events are free; others are ticketed. Visit WinterFestival.net and make plans.

***

One of the most unusual artists you will find on either side of the river is Barney Stone. And his studio is full of  a mix of glass and kinetic sculptures.

Barney is neither a painter of pictures, nor does he sculpt using the usual materials. Instead, he creates kinetic sculptures that talk, move, and entertain. He is not into glass blowing, but he takes glass to a new sculptural level with fusing, kiln casting and lots of cold working.

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“I take found objects and use arduino to turn them into unique and interactive creations,” said Barney. “They are lots of fun.”

Arduino? It’s the name given to microcontrollers, microelectronic boards and kits employing an open source electronic platform. They are readily available, and Barney’s computing background makes it a cinch to incorporate and bring his kinetic sculptures to life with movement, sound and light. (For more on the

Article source: http://www.nj.com/hunterdon-county-democrat/index.ssf/2018/01/winter_festival_all_week_in_lambertville_and_new_h.html

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