Small Cap Strategist is published by Crystal Equity Research an independent research resource on small capitalization stocks. Follow along as we discuss the most recent trends in the small-cap sector, investigate interesting companies and pan a few not-so-promising stocks.
you catch the opening ceremonies for the 2014 Winter Olympics in Sochi,
Russia?I had been waiting in a state of
great anticipation to see how Russia might showcase its magnificent natural
features and extraordinary culture.There
was a bit of history lesson for those who knew little of Russia’s storied past
and a marine version of Tchaikovsky’s Swan Lake with Odette’s costume suggesting
a jelly fish.
I was a bit disappointed in the visuals of Russia’s vast geography.Russia is the world’s largest country and
that provides a great deal of room for diversity.Starting in the north and working your way
south you would travel through tundra, forests of conifers and then even larger
broad-leaf forests, grass land and deserts.Russia has more border than another other country and is neighbors with
fourteen other countries.That is a lot of
frontier.What is most remarkable is
that two thirds of Russia’s border is bounded by water.Thirteen seas and three oceans wash up on
Russia shores and close proximity to the North Pole means the waters are frozen
much of the year.
Sochi is one of those water stories.The
city is a resort town stringing along the eastern shore of the Black Sea.It is an impressive water body-168,500 square miles-receiving water from the Mediterranean Sea as
well as continental rivers and then sending some flow off to the Aegean Sea.The brackish water supports a dynamic marine
the city streets of Sochi a visitor is treated to an array of habitats.Waters racing to the Black Sea have created
beautiful coastal wetlands-reed-filled marches, lagoons, deltas, bays
and silt and sand flats.These
ecosystems have great economic value as sources of food and building
materials.They help filter fresh water
supplies and provide breeding grounds and nurseries for fresh water fish.They protect against erosion and prevent
flooding as snow melt sends new water supplies rushing to the Black Sea.Wetlands are notoriously sensitive, fragile systems.
I wondered what
effect the Olympic event might have on Sochi and its environs.
people questioned the wisdom of staging a winter sporting eventin
a subtropical climate.In Sochi the temperature
rarely dips below 37 degrees Fahrenheit (3 degrees Centigrade).The Olympic events are being held about
twenty five miles from the Black Sea coast at a much higher and cooler elevation
in Krasynaya Polyana.The area had just
one ski lift.Thus to host the Olympics,
everything had to be built from scratch, including power infrastructure and
transportation.The security apparatus
for this event sets its own record even before the athletes begin competing.
Olympics organization hacked through the Sochi National Park for a motorway and
train tracks.The park is Russia’s second oldest national
park and covers 478,730 acres.A plan to
reintroduce snow leopards to the park has been in the works for several years.No one has commented on the fate of the snow
leopards now that the park features a highway and train tracks that block
animal migration routes.
winning bid to the Olympic Committee promised a ‘green’ event with zero waste. Yet a wetland had to be filled in to build the
Olympic Village and there have been numerous reports of waste dumps in the neighboring
forests and waterways.
games have just begun and the winners are yet to be determined.The same is true of the verdict on Russia’s Olympic
environmental track record.Still even
though I watched the Opening Ceremonies in real time for free on the BBC, I
suspect that the ticket price in environmental terms was pricey.
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Cap Strategist web log, Crystal Equity
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