Saturday, October 9, 2010

Remarkable project manager - the Roeblings

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The first project manager we visited in this series was General Leslie Richard Groves, the project manager responsible for the successful completion of the Manhattan project. For our next remarkable project manager we're going to go back a little further in time to the period just after the American Civil War when the Brooklyn Bridge was built, directly connecting Brooklyn with Manhattan. In those days, Brooklyn was the suburbs and Manhattan was the business district so most people had to cross the East River to get to work. Up until the bridges completion in 1883, people crossed the East River in ferries; fine in the summertime but more problematic in wintertime when ice could stop the ferries. By 1867 New Yorkers had had enough inconvenience and called on the New York Bridge Company to put together plans for a bridge. The New York Bridge Company assigned a senior engineer to the project, John A. Roebling, and made him responsible for the plans and the project.

The Brooklyn Bridge took 16 years to build (from project initiation to completion) and our story spans two generations of Roeblings - John and Washington, father and son. John Roebling died as a result of an injury he suffered while supervising the project work in 1869. His foot was crushed by a ferry as he was fixing the location of the first tower and he died 16 days later of lockjaw. His son, Washington Roebling, took over the project and completed it. At the time the bridge was built, it was customary for the engineer who designed a structure to take responsibility of managing the project which built it. The Roeblings were not only remarkable and forward thinking engineers (the design and many technical innovations were the father's ideas), they were remarkable, persevering, and effective project managers. This article focuses on the project management aspect of this project, but because Roebling senior was actually responsible for the plan, we give credit to both.

The construction of a bridge over such a long span (remember this was 1867) was the first technical challenge that had to be overcome. The bridge has a total span of 6,016 feet and a main span length of 1,595.5 feet. To put this challenge into perspective, it was not until 1890 that a bridge with a longer main span was built over the Firth of Forth in Scotland. The technical challenges are the most interesting aspect for the technical crowd, but the Roeblings also faced political challenges and safety challenges. The political challenges were mainly caused by the fact that the bridge started in one municipality and finished in another so the Roeblings were faced with satisfying two key stakeholders with sometimes competing interests. Further challenges were provided by increasing jealousy from competing engineering firms. The project started with a budget of $7,000,000 (excluding land) which was a huge sum in those days. As the project moved forward the budget gradually increased to $12,000,000. Safety at construction sites doesn't become a major issue until a completely new and untried approach to building is used for the first time. Inventing the technical solution is one challenge. Now find a solution that produces the deliverable that can be performed safely!

Another problem faced by Roebling was the financing of the bridge. The financing came from a rather complex set of subscriptions from both municipal governments and private industry. Financing was not always received according to the project plan which not only made completion of the project to any sort of schedule difficult, it also increased the cost of the project.

John Roebling was assigned the project in May of 1867 and submitted his plans, surveys, and estimates for the bridge in September of that year. The plans were turned over to a team of consulting engineers provided by the army. The consulting engineers were engaged to ensure the plans were properly done and that the project was feasible. The consulting engineers approved Roebling's plans with one minor modification, that the height be increased by 5 feet to a height of 135 feet, to ensure that marine traffic would not be interfered with. Work commenced on the bridge on January 3, 1870. Unfortunately John was not around to see work start on his project as he died the previous year but the work was passed off to his son, another engineer, who had been involved in one capacity or another from the outset.

Washington Roebling received the first change request for the project before work had actually started. In the world of bridge construction your customers can easily understand the impact of asking for a doubling in the bridges size after 80% of the work is completed. The change request was to increase the carrying capacity of the bridge to anticipate future demand. This change was estimated by Roebling to cost an additional 8% over the original budget. The additional cost was accepted, the change accepted and Roebling changed the bridge plans accordingly. The next change originated with the project: it was determined that the original plan to use pilings as foundations for the twin towers of the bridge was not feasible, the foundations would need to rest on bedrock which was 78 feet below grade on the one side and 45 feet on the other.

The first project phase involved creating the two towers that form the structural base of the bridge. As mentioned, these towers are not only below the water (approx. 80 feet) but between 45 and 80 feet below the river bed because they have to be set on solid bedrock rather than on pilings because of the tremendous weight they bear. The problem to be solved was how to dig an 80 foot hole 80 feet underwater? The solution Roebling chose was caissons. Caissons are water tight structures that carry workers who do the excavating. The caissons are lowered into the water until they rest on the river bottom. Compressed air is then pumped into the caisson to create a breathable atmosphere. The inspiration for this solution came from the diving bell which was the submersible of its day. The diving bell worked on the same principal: a diver was locked in the bell; compressed air pumped in then the diver was lowered into the water.

The caissons used for the Brooklyn bridge tower were constructed of wood calked with pitch and lined with steel and fit the footprint of the bottom of the tower, 102 feet by 172 feet, plus 11 feet on each side. This massive structure was lowered into the water until it rested on the bottom, and then the construction workers began excavation of the river bottom. When they had reached the bedrock 80 feet (or 45 feet depending on which tower was being worked on) they began the construction of the actual tower which then rested on the caisson. Manual excavation would have taken forever and there were no machines which they could lower with the caisson which could do the job so Roebling decided to use dynamite to speed the process.

Imagine the combination he was dealing with here. The interior of the caisson had to be lit so the workers could see what they were doing and the only light available at the time was gas light. The atmosphere in the caisson was charged with compressed air and, to top it all off, the caisson was constructed from wood! Not what I would call a safe working environment and, in fact, explosions and fires did happen. That's why Roebling had the caissons lined with steel to protect the wood and pitch from open flame.

Once the caissons reached bedrock, cement was hydraulically inserted beneath its floor to provide a solid, level platform for the tower and then the platform was built in place using the caissons as its foundation. The process that Roebling devised to build the tower in place and sink it onto the caisson base is too technically complex for me to explain here. Just bear in mind that this was all unexplored territory for bridge building, Roebling and his team had to improvise these solutions on the fly, without having an opportunity to prove his methods with pilots. If you're interested in the technique that Roebling used to sink his towers, there is a great article in the Catskill Archives on the subject. Just visit their website at: http://www.catskillarchive.com/rrextra/bbstory.Html

The construction of the towers above the water line was a much simpler process and the first tower was completed in May of 1875 and the second was finished in July of 1876. The next challenge was the cables that transfer the weight of a suspension bridge to its towers.

Washington Roebling fell ill at this time to health issues stemming from what divers call "the bends". The bends are caused by nitrogen bubbles in the blood that don't dissolve as a diver returns to the surface of the water too quickly. Compressed air was used to keep the water from flowing into the caissons as the digging proceeded to the river bottom. The use of the compressed air duplicated the problems that divers have when making deeper dives. We know now that a limit to the time a diver spends at depth and a slow ascent are the two key strategies to defend against the bends, but this knowledge wasn't prevalent at the time Roebling was building the bridge. Although Washington Roebling was incapacitated, he enlisted the help of his wife to act as lieutenant. Mrs. Roebling studied mathematics and engineering until she was able to carry Roebling's instructions to the work site and oversee their implementation through project engineers. He never completely recovered from his case of the bends, suffering ill effects from it for the rest of his life. Roebling was lucky; fires, explosions, and the bends would take the lives of 20 workers before the caissons were completed.

Roebling made use of another significant innovation in constructing the bridge: steel for the 4 massive cables that support the bridge. These 4 cables run from both sides of the river and over the two towers. Up to that time no-one had ever used steel to create cables for suspension bridges, they used iron. Roebling was constructing a longer, heavier bridge than had been constructed to that point and knew (or suspected) that iron would not be strong enough to suit the purpose. He bucked conventional wisdom, and the project budget, and chose to construct the cables from steel. As to whether iron cables would have been sufficient, we'll never know but we do know that Roebling's steel cables were.

The bridge was initially designed for foot traffic, horse drawn traffic, and trains. The trains would run on two elevated tracks, the horse drawn traffic on four lanes below, and the foot paths were on an elevated promenade above the train tracks. The two train tracks meant the bridge had to be constructed to carry heavy loads so each cable was constructed to carry a maximum of 11,200 tons. Each cable was 15" in diameter and consisted of 19 strands containing a total of 5,434 individual wires! Roebling used vertical cables suspended from the 4 main cables to suspend the bridge and then added stiffening trusses to make the bridge wind proof.

Construction of the bridge proper began in 1879 after completion of the two towers and rigging of the 4 main cables. By 1883 the bridge was completed and ready for its grand opening. Though Washington Roebling was unable to attend, his wife represented the Roebling interests and officially opened the bridge. The project was to have one last brush with tragedy that day. A lady pedestrian ascending the stairs to the walkway tripped and fell, screaming as she did. Her screams set off a panic amongst the rest of the pedestrians on the bridge who thought her screams were an indication the bridge was in trouble. In the ensuing panic, 12 people were killed and 35 seriously injured.

The Roeblings, father and son, not only exhibited a remarkable degree of engineering skill in designing and engineering the longest suspension bridge to have been built to that date, they also exhibited a remarkable degree of project management skill in seeing the project through to the end. Let's take a look at a few of their project management accomplishments:



Planning the project The Roeblings planned the successful completion of, what to that point was the longest suspension bridge. The plan was solid as proven by its successful execution.


Customer management Don't forget that the Roebling's had two individual municipal governments to satisfy. These governments did not necessarily share a common set of interests, and when they did share a common interest, such as limiting the money spent on the bridge, these interests were not always in the best interests of the project. The Roeblings persevered through the times when money was tight and succeeded in securing sufficient budget to build the bridge the way they knew it should be built.


Managing Change There were several sources of change during construction of the bridge. Some came from the stakeholders of the project, such as the increase in scope of the bridge to handle an anticipated increase in traffic, or the increase in the minimum required height, and others came from the project such as the change from iron cables to steel. The Roeblings handled the changes well, rejecting changes that did not add value to the project and implementing the ones which did with a minimum of disruption to deliverables and schedules. The Roeblings were particularly adept at dealing with the upsets that the bridge financing threw their way. The bridge was 90% funded by Brooklyn and Manhattan (New York) and 10% funded by private capital. The Roeblings survived a stock manipulation scandal, numerous budget increases, and the threat of a discontinuation of funding altogether and still delivered the project.

Lessons Learned/Corrective Action/Changing the Plan Washington Roebling learned from mistakes on the Brooklyn Bridge project, and other projects, took corrective action when needed and did not hesitate to make changes to the plan when it was clear to him that they were warranted. A good example of his ability to learn quickly and avoid unnecessary mistakes on the project was his use of compressed air to enable work at the bottom of the deep caissons. The technology was fairly new but was in use at the time in diving bells. Washington Roebling adapted the technology to his purpose to enable the men to work in the caissons. Keep in mind that as the men excavated the silt at the bottom of the caissons the water would want to rush in the opening this created. The compressed air served to keep that water out.

Managing the Risks The first risk to be managed during the construction of the bridge were the risks to the workers' safety. Although the record shows that 20 workers died while working on the bridge, the fatalities all occurred around the building of the caissons, a new venture. Mitigation strategies were implemented in an attempt to avoid accidents, such as the lining of the wooden caissons with iron but the combination of compressed air, open flame and explosives were clearly more than this strategy could deal with. Other project risks, which could be better predicted, based on other bridge projects and other municipal projects were well mitigated. An example of those risks and mitigation strategies is the risk of a stress fracture in any of the steel trusses or girders used to build the bridge. The mitigation strategy used was the testing of samples of all the components using a hydraulic press.








The tips and tricks described in this article implement some of the best practices promoted by the PMI (Project Management Institute). These are taught in most PMP? courses and other PMP? exam preparation training products. If you haven't been certified as a PMP? (Project Management Professional) by the PMI and would like to learn more about certification, visit the three O Project Solutions website at: http://threeo.ca/pmpcertifications29.php three O Project Solutions also offers a downloadable software based training tool that has prepared project managers around the world to pass their certification exams. For more information about this product, AceIt, visit the three O website at: http://threeo.ca/featuress8.php


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Dentist Coup | thorladen@hotmail.com (gavin wolpert)

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Dentist coup is defined in bridge as the extraction of a safe exit card from an opponent's hand.

On the following hand from the World Mixed Pairs Championships declarers who found themselves in 3NT on a spade lead had this rare oppertunity to achieve this coup.

Follow the play with the next button below the hand.  Even though the spade finesse is onside, declarer needs to develop an entry to his hand to earn his 3rd spade trick.   After flying with the ace of spades, he carefully extracts the two club exit cards from west and then plays a spade out.  Now the defender makes her best play by sticking declarer in hand with a spade rather than giving up a trick.   Declarer was then able to run all of his tricks forcing west to discard down to an endplay position.  Well played by Steve Weinstein.

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Friday, October 8, 2010

Bridge and the Empire of Illusion | Bob MacKinnon

by Bob MacKinnon on October 4th, 2010

In his bestseller, Empire of Illusion, curmudgeon Chris Hedges bemoans the dumbing down of America, putting the blame largely on television and its corporate sponsors. He considers credit cards to be membership cards to the Cult of the Self the aim of which is to derive mindless pleasure through emancipation from reason and societal restraints. Think of millions of wannabee Caligulas and Messalinas sitting down to nights of vacuous TV viewing. In such an atmosphere it is hard to imagine the game of bridge returning to a prominent place among the past-times of the masses. Bridge is a partnership game that features perseverance and concentrated effort, not quick self gratification. It puts constraints upon the individual and requires due regard be given to reality. The great majority who can’t make change at the grocery counter need never try it.

Illusion is eternal insofar as it feeds upon uncertainty, so it has a prominent role to play in the game of bridge. To be disillusioned is to learn the truth. One of the skills of a player is to create an illusion that may lead an opponent astray, but one must be careful that partner doesn’t get caught up in it as well. I have story to tell in this regard on a hand that arose in a recent Sectional. Like all good bridge stories mine has a beginning, a middle, and a happy ending for the teller – I’ll skip the history to keep it short.

An Illusionary Elimination Play
In the middle phase of a good matchpoints game, we come to a table where I fear we are outgunned in the brains department. The player on my left is a man of logic who has devised a complicated system with 100 rules and 200 exceptions. It is the exceptions that get you. His wife, despite all the restrictions, manages to get her own way most of the time. They have a kibitzer, a former partner, so I am determined to do well.

In third seat, none vulnerable, I have to choose an opening bid with this holding: ? AK ? 832 ? AJ98 ? AK104, 8 controls and 19 HCP. In first or second seat I would open a Big Club as the hand is too rich in controls for the slam-killing 2NT. In third seat I prefer when possible to open with a limited bid, so 2NT it is.

Bridge is a partnership game, meaning there is always a partner around to help out. Partner holds: ? 1043 ? J654 ? 87542 ? 8, and decides he would rather play in 3? , if it comes to that, than in the optimum contract of 2NT. As with most human activity, whether it be drilling in the Gulf of Mexico, or building cities on a fault line, the prevailing attitude is, ‘well, if the worst happens, we’ll deal with it when we come to it.’ He bids 3? . Even with a single solitary point in their hand, some players can’t be shut out. This is why I like limited bids: they give partners the freedom to act on distribution alone.

I respond 3? , which is passed all around. When the dummy comes down, the opponents are enthusiastic in their praise and I wonder why. Are we in trouble? Maybe 3? is the second best contract. Will I screw it up? Probably, so it is merely a matter of how to go about it. I notice there are 4 diamonds missing, the ? KQ104. These are more likely to be split 3-1 than 2-2, so playing ace and another potentially leaves 2 losing diamonds outstanding. But I am getting ahead of myself, as usual. Here is the full (rotated) deal.

Board 24

North
? 10 4 3
? J 6 5 4
? 8 7 5 4 2
? 8West
? Q J 6
? K 10
? K Q
? Q J 9 6 3 2East
? 9 8 7 5 2
? A Q 9 7
? 10 3
? 7 5South
? A K
? 8 3 2
? A J 9 6
? A K 10 4


The ? Q is led, and one can see that nothing could be simpler than making 9 tricks in diamonds: win the ? A play 2 rounds of trumps, claim, and go for coffee. However, a little knowledge is a dangerous thing, and, like Hamlet, I began to have my doubts. Imagine West’s being dealt ? QT3. He takes the second diamond, leads hearts, and ruffs the 4th heart with the promoted ? 10. Ouch! So I devise a devious plan. Luckily my opponents are experts, so can be fooled if one goes about it in the right way.

Winning the ? A, I cash the ? K and lead the ? T towards dummy. West fails to cover, so instead of ruffing I pitch a spade from dummy, a totally illogical play that gives the false impression I hold 3 spades. After East wins a cheap trick she exits safely with a spade, not a heart, won by the ? K – no point in false carding against a pair would keeps track of the HCPs. When attempting to deceive it is best to appear as normal as possible in the minor details. Now in quick succession the ? A, a club ruff, the ? A and a diamond exit puts West on lead. My plan is about to come to full fruition. The ? K is followed by the ? T, ducked in dummy and overtaken by the ? Q. If you have followed the plot to this point you will realize that cashing the ? A will set up the ? J in dummy. If declarer has started with only 2 hearts, he can ruff the ? A return and get to the dummy with a ruff to get a pitch on the ? J, but if he started with 3 hearts, the ? A should be cashed now.

Can we condemn East for playing a spade, giving a ruff-and-sluff with the hidden losing heart going away? Not really. She was yet another victim of razzle-dazzle. It is difficult to defend against an illogical play without signals from partner. The pointless pitch of a spade from dummy was a persistent early impression. So it is that I once again arrive at the best result possible via the worst possible route. The +110 score was worth 66%.

Giving the Wrong Impression

One of the worst (or best) ways to convey a false impression is the off-shape double. I feel strongly if one has a suit one should bid it, not double and hope to correct the first impression of a flat hand capable of supporting several strains. OK, sometimes one is dealt a hand so strong that one cannot avoid having partner pass a simple overcall, but these are rare, and one must be able after doubling to keep control of the subsequent auction. Here is an example from the Sectional of a ‘power’ double going horribly wrong.

In first seat I opened a wimpy weak 2? on ? 863 ? 764 ? AQ98763 ? –. My LHO doubled. Partner passed. How would you advance on: ? KJ976 ? Q ? KJT4 ? 763? My RHO teaches bridge, but I cannot confirm that her choice of 4? , fast arrival, is of the textbook variety. Perhaps her hand is not strong enough for 3? , (never preempt over a preempt), and too strong for a simple 2? . The full auction went as follows:


My double was a Lightner Double, often the subject of a classroom demonstration, but seldom seen in practice. It calls for an unusual lead. Partner began to think, but I was not unduly worried because the longer he thinks the more likely it is that he will do something ‘creative’, and not do what others might be led to do in haste, namely, lead dummy’s first bid suit. It was with some degree of admiration that I saw his opening lead was the ? 5. We took the ? A and 5 tricks on crossruffs, to score 1400. Hopefully that will teach them not to double on a strong 2-suiter, at least until next time. I have reached the stage where I feel sadness when old acquaintances demonstrate they have not learned from experience. I had the same sad feeling recently when in a team game our opponents, a long-term partnership, failed to reach a cold 7? because one of them was void in clubs and couldn’t use RKCB. Apparently they are resistant to change and not interested in hearing about Exclusion Blackwood. Oh well, it was a tie board.

Back to the Local Club
After a day of rest from bridge, many Victoria seniors were eager to be back at the local club for New Moon Week which encloses my birthday. The spirited action fitted the occasion. An interesting bidding problem arose late in the session. My creative partner opened 1? in first seat, overcalled with 1? by my RHO, our best card player. I prefer my doubles and 1NT bids to be descriptive shape-wise, so I was rather restricted in my choices holding: ? 93 ? K8763 ? AK94 ? A9. Nothing seemed right. With +1400 fresh in my memory, I didn’t want to double and encourage a spade bid from partner. True to my general approach when in doubt, I supported partner with a bid of 2? , admittedly nonforcing, but, realistically, is everyone going to pass that? Here is the full auction:

*bid with the comment, ‘well, it is matchpoints, after all.’

Uncharacteristically partner had not self-preempted with ? KQJT  ? — ? Qxxxxx ? Jxx. Normally this partner goes against my admonishment never to preempt with more stuff outside the suit than in it, so it’s nice to know where he draws the line. Are his wide-ranging preempts a part of a well-reasoned strategy, or merely an indication of the onset of the male menopause? I’m not sure. Recently he had jumped to 5? with a void in hearts, so I went with that. Right! When the overcaller failed to find the killing club lead, my losing club went away on a spade, so 6? was made, not doubled, but still a top.

Attitude Doubles
We are all familiar with defensive carding by which one conveys an attitude. To what the attitude applies depends on the situation in which the signal occurs. The same applies to an ‘attitude’ double, which may be for takeout, or for penalty, or both, depending on the context in which it occurs. So an attitude double, even though it may be an agreement, cannot be defined before the hand is played, as it may change as the hand is being played.

With everyone bidding like crazy, the double has become an essential tool in the fight against illusionary bids. At present players have not adapted their methods fully to the increase in uncertainty brought on by unsound practices, but it is obvious that the proper use of doubles is going to be part of the strategy of the future, if for no other reason than the double saves the bidding space the opposition is keen to destroy. The same property is characteristic of transfer responses whose popularity is on the rise. The penalty pass must remain a viable option, otherwise one is liable to get pushed around without recourse, the normal state of affairs as they currently exist. Here is an example from the Sectional.

Board 18

North
? 9 7 4
? A 8 6
? 10 3
? A Q 10 8 5West
? J 10 2
? —
? K J 7 6 5
? K 9 7 6 3East
? A K 8 3
? K Q 3
? A 8 4 2
? 4 2South
? Q 6 5
? J 10 9 7 5 4 2
? Q 9
? J


As one can see 4? * is down 3, for a top for EW. 3NT makes, so EW must protect that score. Normally bidding on to the 5-level in a minor is not the best way to protect a score at 3NT, especially if there is the option of doubling for penalty. My suggestion is that West should balance with an attitude double, even with a void, leaving it up to East to decide. Clearly, with 4 spades and doubling values West would have doubled 3? earlier for takeout, therefore East has a good idea that West’s values lie primarily in the minor suits. Bidding to 5? remains an option, so, really, the attitude double is a free shot at a top score. The balancing double is defined in the context of what went before, what may follow, and what exists at present, which would be defending against 4? without a double. Against accurate bidding East may do best to take out the double, but if errant opponents have given you the opportunity for a top score, why not take advantage of the opportunity? Here East should take a plus and be pleasantly surprised to score 800.


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The Aces on Bridge: Monday, September 20, 2010 | Bobby Wolff

by Bobby Wolff on October 4th, 2010North
? A 10 8 4
? A Q
? A 10 8
? A 9 4 3West
? K J
? K 9 5 2
? Q 9 2
? K 10 8 7East
? Q 9 6 2
? 10 8 6 4 3
? J 7 5 4
? —South
? 7 5 3
? J 7
? K 6 3
? Q J 6 5 2

Opening Lead: ? 2

“Life is the art of drawing sufficient conclusions from insufficient premises.”

– Samuel Butler

Your partner opens one club and you hold five clubs and 6-9 points. What is your response? You know that a jump would be pre-emptive and a simple raise would be inverted (showing a limit raise or better). What’s left?

Today’s South compromised sensibly enough with a response of one no-trump. With such a strong hand and secure stoppers in every suit, North saw no reason merely to invite game but went all the way. Thus the partnership ended up in the no-trump game from the wrong seat.

Declarer had his first reprieve on a heart lead, when dummy’s queen held the trick. What next? South rejected the idea of crossing to hand with his diamond king to take the club finesse. Instead, he laid down the club ace and scowled when East discarded. There was no way back: the defenders could establish their five winners before declarer had nine.

Needing only four club tricks to make his contract, South should have taken a safety-play in clubs to guard against any adverse split. Admittedly, cashing the club ace suffices if East has all four clubs. However, the low lead toward the South hand wins if either player has all four clubs, for it gives declarer the extra entry to dummy needed to finesse against West’s club 10. If declarer wastes his diamond entry to take the club finesse, the entries to defend against the 4-0 split will also be fatally scrambled.

South Holds:

ANSWER: This is the sort of club-holding where leading an honor rates to block the suit or worse. If either partner or dummy has a doubleton club honor, be it the ace, king. or even the 10, you may need to lead a low club to unscramble the suit to best effect. Typically, fourth highest is right from any two honors unless they are supported by a large intermediate — here, the 10 or nine.For details of Bobby Wolff’s autobiography, The Lone Wolff, contact theLoneWolff@bridgeblogging.com. If you would like to contact Bobby Wolff, please leave a comment at this blog. Reproduced with permission of United Feature Syndicate, Inc., Copyright 2010. If you are interested in reprinting The Aces on Bridge column, contact reprints@unitedmedia.com.

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Bridging the evaluation gap between business seller and buyer of the business

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In on earlier article we discussed a survey that we did with the business broker and the merger and acquisition profession. 68.9% of respondents felt that their top challenge what dealing with their valuation seller client's expectations. This is the number one reason that, as one national investment banking firm estimates only 10% of businesses that are for sale will actually close within 3 years of going to market.That is a 90% failure rate.

As we look to improve the performance of our practice, we looked for ways to judge the valuation expectations and reasonableness of our potential client. At M & A firm that fails to complete the sale of a client, even if they charged up - front or monthly fees, suffers a financial loss along with their client.Those fees are not enough to cover the amount of work devoted to these projects. We determined that having clients with reasonable value expectations was a key success factor.

We explored a number of options including preparing a mock letter of intent to present to the client after analyzing his business. This mock LOI included not only transaction value, but also the amount of cash at closing, earn outs, seller notes and any other factors we felt would be market components of a buyer offer. If you can believe it, that mock LOI what generally not well received.For example, one client what a service business and had no recurring revenue contracts in place. In other words, their next year's revenues had to be sold and delivered next year. Their assets were their people and their people walked out the door every night.

Our mock LOI included a deal structure that proposed 70% of transaction value would be based on a percentage of the next four years of revenue performance as an earn out payment. Our client what adamant that this structure would be a non-starter. Fast forward 9 months and 30 buyers that had signed confidentiality agreements reviewed the memorandum withdrew from the buying process. It what only after that level of market feedback what he willing to consider the message of the market.

We decided to eliminate this approach because the effect what to put us sideways with our client in the M & A process. The clients viewed our attempted dose of reality as not being on their side. No one likes to hear that you have an ugly baby. We found the reaction from our clients almost that pronounced.

We tried probing into our clients ' rational for their valuation expectations and we would hear such comments as "this is how much we need in order to retire and maintain our lifestyle,"or,"I heard that Acme consulting sold for 1 X revenues,"or,"we invested $ 3 million in developing this product, so we should get at least $ 4.5 million."

My unspoken reaction to these comments is that the market doesn ' t care what you need to retire. It doesn ' t care how much you invested in the product. The market does care about valuation multiples, but timing, company characteristics and circumstances are all unique and different. When our client brings us an example of IBM bought XYZ software company revenues for 2 X revenues so we should get 2 x.

It is simply not appropriate to draw a conclusion about your value when compared to an IBM acquired company. You have revenues of $ 6 million and they had $ 300 million in revenue, installed customers were in business for 28 years, had 2,000, were cash flowing $ 85 million annually and are a recognized brand name. Larger companies carry a valuation premium compared to small companies.

When I say my unspoken reaction, please refer to my success with the mock LOI discussed earlier. So now we are on to plan C in how to deal with this valuation gap between our seller clients and the buyers that we present. Plan C turned out to be a bust so.Our clients did not respond very favorable when in response to their statement of value expectations we asked, "Are you kidding me?" or "what are you smoking?"

This issue becomes even more difficult when the business is heavily based on intellectual property such as a software or information technology firm. There is much broader interpretation by the market than for more traditional bricks and mortar firms. With the asset based businesses we can present comparables that provide us and our clients a range of possibilities.If a business is to sell outside of the usual parameters, there must be some compelling value creator like a coveted customer list, proprietary intellectual property, unusual profitability, rapid growth, significant barriers to entry, or something that is not easily duplicated.

For information technology, computer technology, or healthcare company, comparables are helpful and are appropriate for gift and estate valuations, key man insurance, and for a starting point for a company sale. However, because the market often values these kinds of companies very generously in a competitive bid process, we recommend just that when trying to determine value in a company sale. The value is significantly affected by the professional M & A process.In these companies where there can be broad interpretation of its value by the market it is essential to conduct the right process to unlock all of the value.

So we might be thinking, how do you handle value expectations in these technology based company situations? Now we are on to plan D and I must admit it's a big improvement over plan C (are you kidding)? The good news is that plan D has the highest success rate.The bad news is that plan D is the most difficult.We have determined that we as M & A professionals are not the right authority on our client's value, the market is.

After years of what are some of the most emotionally charged events in a business owner's life, we have determined that we must earn our credibility to fully gain his trust.If the client feels like his broker or investment banker is just trying to get him to accept the first so that the representative deal can earn his success fee, there will be no trust and probably no deal.

If the client sees his representatives bring multiple, qualified buyers to the table, present the opportunity intelligently and strategically, fight for value creation, and provide buyer feedback, that process creates credibility and trust.The client may not be totally satisfied with the value the market is communicating, but he should be totally satisfied that we have brought him the market.If we can get to that point, the likelihood of a completed transaction increases dramatically.

The client is now faced with a very difficult decision and a test of reasonableness.Can he interpret the market feedback, balance that against the potential disappointment resulting from his preconceived value expectations and complete a transaction?








Dave Kauppi is the editor of the exit strategist newsletter, a merger and acquisition Advisor and managing partner of MidMarket Capital, providing business broker services to owners of middle market companies.The firm counsels clients in the areas of M & A, valuations, "smart equity capital raises", sales and acquisitions.Visit our Web site to review our lists of buyers and sellers.


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U. S. IMMIGRATION PROBLEMS INCURRED EN ROUTE TO WBF EVENT … | Judy Kay-Wolff

by Judy Kay-Wolff on October 3rd, 2010

I just read (or admittedly angrily scanned) an outrageous blog on an associated site complaining about all the people who had problems getting into the U.S. for the world championship.   Perhaps (since most people know well in advance of their expected attendance), it would not be unreasonable (in fact,  in my eyes, mandatory) to seek advice how to assure that their papers were in order and acceptable.   Maybe this should have been investigated prior also by those at the helm here in the States – suspecting that in these times of terrorism (not threats – but terrorism in living color), some would be refused admission without formal pre-arranged documentation.

After 911 and the dozens of other successful and foiled plots, I was proud to hear that the United States is so overprotective of its citizens, residents and visitors.   To even suggest that no other world championships be held here is PREPOSTEROUS.    What our government did (or didn’t do) was in the interests of the safety of all those are on our shores – which is their first and foremost responsibility.


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Foster's complete Hoyle: An encyclopedia of games: including all indoor games played today. With suggestions for good play, illustrative hands and all ... laws of contract and duplicate bridge

Do you play Bridge? If you do, the chapter titles of Duplicate Bridges will have special meanings. If you don't, that's OK. You have real bridges to cross and can relate to their challenges. Single mom, kids, a new career? Is there anyone out there for me? These are the bridges that the author, Esther Cleveland, refers to in Duplicate Bridges. Bridges are made for people to get from one place to another, usually to avoid dangerous terrain. Some are visibly safe and others are questionable. (Having a warning sign on them.) Some are uncharted and you don't know what to expect, but someone on the other side is urging you to cross. The main decision is whether to trust that other person. Promises may be great, but should I take the chance? Find out about her adventures and decisions in Duplicate Bridges.

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Yukky rain ... | Anna @ eCatsBridge

So - I left you last night to go out with Carol, but it turned out to be Carol, Marina and John & Adele Wignall, so the six of us headed across the road to The Melting Pot ... a fondue restaurant. They just managed to fit us in and we had a really great evening. The food was good, the wine was fine but the company was best ! One of the great joys of these Championships is meeting up with friends that we only see once a year and being with them and having fun and last night really epitomised it.

Not too early up this morning but woke to a grey dull day which got steadily greyer and duller with rain sweeping across, so Mark decided that trying to solve XML problems and things like that was better than going for a walk and taking photographs. I spent the day trying to arrange anti-doping tests - it only took me 15 phone calls !! And it still isn't fully sorted, but it looks as though we are getting there anyway.

The Mixed pairs finishes tonight - you can go to the links on my website for results etc, as I will be closed down before I know who won - the medal ceremony is at 8 and then we are going to a reception given by the ACBL and USBF to honour Jose Damiani (the WBF President) who will be stepping down at the end of this Championship after 16 years in office. I can't tell you how much I am going to miss him! Mind you he will still be around as Past President but even so it will be really strange ..

It is all quite silent here at the moment, as play is going on. Although our office is tucked round the corner, we are still aware of the rise in noise levels as the players arrive for the start of play and even more so when play finishes !

So what else. Not much of interest really. Our printer decided not to print anymore which was irritating but Harvey (the IT manager) dismantled and then re-mantled it and it stopped sulking and got on with the job. I fixed a template for appeals. I printed lots of papers for the Women's Committee Meeting on Thursday. alll rather uninteresting really. But interspersed by friends coming to the office to be social (or bring more work!) and the day flew by.

As I am sure tomorrow also will !


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Thursday, October 7, 2010

50 Winning Duplicate Tips for the Improving Tournament Player (Master Bridge Series)

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The Rosenblum | Michael Yuen

by Michael Yuen on October 5th, 2010

The World Open KO Teams starts to-morrow. There are at press time 147 teams, with 757 players from 48 countries.

I will be playing with Maurice De la Salle on the Todd Team, the other players are Doug Fisher, Bob Todd, Karl Gohl and Neil Kimelman. All friends from Winnipeg.

Teams will be seeded into 16 groups of 9 teams. Each group team will play a complete round robin in the next three days. 64 teams will qualify for the Knockout phase.  

This morning Apolinary Kowalski playing with Susie Miller, took the right view on this hand.

2nd Session Mixed Plate. Board 23. Dealer South. All Vul.

He was North held  ? 6 ? Q5 ? K532 ? J97642

This was the auction.

These were the hands.

North
? 6  
? Q5  
? K532 
? J97642West
? J87 
? J104 
? 84 
? AKQ83 East
? AKQ10954 
? Ak98 
? 9 
? 10South
? 32
? 7632 
? AQJ1076 
? 5 

West led the Ace of club then switched to a trump in time, however in the play East didn’t let West in again to lead the much needed second trump. South went down four for -1100 and with it most of the match points.

The World Mixed Pair won by Donna Compton and Fulvio Fantoni, second went to Kismet Fung and Brian Glubok. Joan Lewis and Robert Hopkins was third.

Donna and Fulvio Donna and Fulvio

Kismet and Brian Kismet and Brian


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Another day another dollar .. | Anna @ eCatsBridge

Last night we went out with Marina from Italy, and found that she had never been to a Hard Rock Café ! Fortunately there is one opposite the hotel so we were able to rectify this dreadful omission and had a really enjoyable evening with her. I haven't forgotten my promise of photographs of my colleagues, but there just hasn't been time today to do anything about it ...

The day started all too early when we found ourselves wide awake at 05.30 ... NOT what I had in mind I can assure you. Got bored quite quickly so decided to get up and head for the shower followed by Starbucks for breakfast! Went to the office to try and fix the XML files that we send to the EBU (with a marked lack of success I might say, thanks to Microsoft having done something very very strange to the security settings! Then my wretched email decided to stop working and it took a long battle before Mark found the right magic wand to get going again ... what a start to the day !! So much for our intention of getting lots of work done in the peace and quiet before anyone else arrived. Never mind - maybe tomorrow :-)

Anyway, after that it was all fairly hectic with people in and out of the office all day discussing different aspects of the Championships, the future, the programme, the meeting of congress etc etc etc.

Carol has had the photocopier going all day, getting the papers ready for the Executive Meetings ... I think it was about ready to disappear in a puff of blue smoke by the end of the day, but hopefully it will have cooled down before tomorrow when it will doubtless get another work-out !

We managed to escape for a short while at lunch time and headed for Reading Market again - it really is great there as you can choose from so many different types of foods! We had a taste of "Gator Gumbo" but decided to stick with Jambalaya for Mark and Creole Chicken for me, while the others found a very nice salad bar! Mental note was made though to find something much lighter tomorrow so that we can sample some of the wonderful flavours of icecream that you can get !

Now it is the evening and time to shut the machine down and head off with Carol for a glass of red and then dinner.

More tomorrow ....


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It's the Great Pumpkin, Charlie Brown

It's the Great Pumpkin, Charlie BrownCharlie Brown gets rocks in his trick-or-treat bag, Linus awaits a visitation from the Great Pumpkin in his terribly sincere pumpkin patch (while the adoring little Sally sits tight with him), Snoopy falls asleep, Lucy harasses Schroeder, and Pig-Pen kicks up a dust storm even beneath his costume in this classic television broadcast. Funny stuff, but also graced with Charles Schultz's more poignant and gently satiric themes from the 1960s on the influence of faith, failure, and hope in our lives. --Tom Keogh

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Duplicate Bridge Direction: A Complete Handbook

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Flash Gordon Dies of Heart Attack | Jfeld22@gmail.com (Jason Feldman)

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Tragedy struck on the first day of the Tournament as Jim "Flash" Gordon died suddenly of a heart attack.  He was a talented bridge player and a gentleman at the table.  Flash served frequently as a commentator on BBO, blessing the bridge community with his insightful analysis. He will be remembered fondly by those that knew him as a funny, kind, and caring person.

Flash

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Bizarre World of Bridge | Howard Bigot-Johnson

Howard Bigot-Johnson's Bizarre World of Bridge #navbar-iframe { display:block }Howard Bigot-Johnson's Bizarre World of BridgeA 'Must Read' blog for all aspiring players and addicts of the game Bridge.

LabelsBigot Johnson article(82)Bridgemeister Gibson(43)Carp's Corner(37)DR.JOHN'S CASE NOTES(79)Dr.Sigmund T(33)Johnny Supremo(47)Jokes(33)LAW REPORT(27)Prof. Hu Chi(28)Pun miscellaneous(28)Pun's Bridge Book titles(78)Rebecca Rood's Mailbag(56)The Devil's Dictionary(51)My Blog ListThe Beer CardNext, it's the Rosenblum .... LIVE!14 hours agoWalnut Tree AllotmentBest winter Thai pumpkin soup and acid fried blues10 months agoHoward Bigot Johnson's New Found FriendsLinda LeeClaire BridgeFollowersLocations of visitors to this pageBlog Archive2010(335)October(5)ANOTHER NEARLY TRUE STORY........ ( By Bridgemeist...THE DEVIL'S DICTIONARY REVISITED.....................IT PAYS TO BE FRISKY............................ (...THE DEVIL'S DICTIONARY ( REVISITED )........2 sm...EX-RAF PILOT TAKES UP BRIDGE COMMENTATING............September(33)LAW REPORT : R v. BIGOT-JOHNSON ( 2010 )(...PROFESSOR HU CHI KU CHI'S ONE MINUTE INTERVIEW WIT...BRIDGE CLUB SUB-COMMITTEE DISCIPLINARY HEARING No....A CONVERSATION I OVERHEARD THE OTHER DAY........ (...DR. JOHN'S CASE NOTES....................It has ...SENSATIONAL NEW BRIDGE BOOKS ABOUT TO BE RELEASED....THE WAY THINGS OUGHT TO BE ( A short articleby Dr...BRIDGE IN THE BIG LEAGUE....... ( By Johnny Suprem...DR. JOHN'S CASE NOTES : THE PONTIUS PILATE SYNDROM...REBECCA ROOD'S MAILBAG........................Dea...BRIDGE CLUB SUB-COMMITTEE DISCIPLINARY HEARING No....THE DEVIL'S DICTIONARY..............................DR. JOHN'S CASE NOTES : THE UNDERDOG SYNDROMEIn ...BIGOT GETS HIS COMEUPPENCE................... ( An...ANOTHER EXTRACT FROM BIGOT'S MARVELLOUS AUTOBIOGRA...BRIDGE BOOKS THAT INSPIRED THE BUFFETT CUP BOYS TO...AN EXTRACT FROM BIGOT-JOHNSON'S FORTHCOMING AUTOBI...JOHNNY 'S ANALYSIS IS SPOT ON.............I was w...BIGOT FINDS THE PERFECT PARTNER............. ( A n...BIGOT'S PERFECT RIPOSTE......... ( A nearly true s...NEWSFLASH : BIGOT'S BOYS HIT VEGAS BIG TIME...... ...DR. JOHN'S CASE NOTES................................BIGOT WRITES A LETTER OF COMPLAINT..................LAW REPORT : R v. BIGOT-JOHNSON ( 2010 )( In one...THE DEVIL'S DICTIONARY.......................Doub...WHAT IT REALLY MEANS TO BE A BRIDGE EXPERT...........SO WHO AM I ?.... ( A poem by Dr. Sigmund T. Schuk...WHAT A DIFFERENCE A 1O MAKES.................... s...BRIDGE CLUB DISCIPLINARY SUB-COMMITTEE HEARING No....THE DEVIL'S DICTIONARY ..............................JOHNNY SUPREMO WEIGHS UP THE EVIDENCE................BRIDGE BOOKS THAT SHOCKED READERS TO THE CORE........AN INTERVIEW WITH THE REAL HOWARD BIGOT-JOHNSON......August(30)THE PERFECT PARTNER REVISITED : BIGOT-JOHNSON'S VE...AN OPEN LETTER TO CARP.....................Dear ...LAW REPORT : R v. BIGOT-JOHNSON ( AND OTHERS ) 199...PSYCHES, CONTROVERSY, ACCUSATIONS AND CHEATING.......BIGOT-JOHNSON BLOWS A GASKET................ ( Sho...THE GREAT PSYCHIC DEBATE................... ( Arti...DR. JOHN : OTHER THERAPIES REVISITEDHorses for ...DR. JOHN : MORE THERAPIES EXPOSED...........For...DR. JOHN COMES CLEAN ABOUT HIS UNORTHODOX THERAPIE...THE DEVIL'S DICTIONARY...................Unseen...MUST READ BOOKS ON BIGOT-JOHNSON : HIS YEARS OF RE...BRIDGE BOOKS FOR TODAY'S EXPERTS.....................July(32)June(42)May(44)April(30)March(36)February(40)January(43)2009(290)December(38)November(40)October(64)September(51)August(83)July(14)About MeMy PhotoHoward Bigot-JohnsonApart from being a keen political observer, I'm an unrecognised bridge genius who is forever thwarted by hapless clueless bumbledogs. Their bungled attempts to bid and play the cards properly never fail to stick one across me, such is the absurd injustice of this peculiar game.View my complete profile Tuesday, 5 October 2010 ANOTHER NEARLY TRUE STORY........ ( By Bridgemeister Gibson )Bigot-Johnson has never been one. who is lost for words, and here he was at his inglorious best. So midway through the duplicate event, he and his partner arrived at a table, where the slowest player in the club happened to be sitting North. The first board took an age to complete, but worse was to come. On board two it was North's turn to start the bidding. As usual he leaned back into his chair to contemplate his opening bid. Seconds passed by and minutes ticked on, as he immersed himself fully into the think tank. Bigot by now was pulling out his hair. Patience is not one of his virtues. " For pity's sake man are you going to bid ? The room has already started the third board. " But not a flicker of emotion from North who appeared to be in a deep thought." That's it", screamed Bigot, " I'm called for the TD..........Director !! "When the TD arrived to hear Bigot's rant about North's slow play, he decided to take a closer look at the motionless North. " I think the poor man has just passed away....."" What.....you mean he's dead " cried Bigot's distressed partner, " What are we gonna do ? "Bigot took just one second to reply....." Take an everage of course ......."Posted byHoward Bigot-Johnsonat01:510comments: Post a Comment

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Wednesday, October 6, 2010

Worlds start with the Mixed Pairs | Linda Lee

by Linda Lee on October 3rd, 2010

The World Championships have started with the opening event the Mixed Pairs.  Yesterday was the first two of three qualifying sessions.  My guess is that this year there will be a record breaking entry.  There were 445 pairs from 49 countries entered in the first event the Mixed Pairs.  Don’t miss the article in   Inquirer.  It includes this photo.  The player holding the cards in the foreground is Roberta Melman.  Her smiling partner is Rhoda Schaffer.  The front cover of Saturday Bulletin has greetings from President Obama.  Among other things he mentions that he has fond memories of his grandparents enjoying the game.  Mr. President I am sure you would enjoy it too!

CBS Philly has this headline

The results are posted and the leaders after two sessions are:

John and Laurie Kranyak  (his mom) with a great cumulated score of 66.2%.  John was on the USA Junior team which won the 11th WORLD YOUTH TEAM CHAMPIONSHIPS Bangkok 2006.

Second is Sandra Rimstedt, Sweden (Sweden) Shane Blanchard (USA) with 61.77%.  I noticed my friends Arnie and Wendy Krause of Canada had a good start with 56.25%, as did Gloria and Les Bart (USA), 56.37%

Sandra

There are lots of interesting hand in the Sunday Bulletin with a good size staff covering the event.  The first round of the final of the Mixed Pairs and the Mixed Pairs Plate (Consolation) start Sunday evening.


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Winning Play in Tournament and Duplicate Bridge: How the Experts Triumph

Do you play Bridge? If you do, the chapter titles of Duplicate Bridges will have special meanings. If you don't, that's OK. You have real bridges to cross and can relate to their challenges. Single mom, kids, a new career? Is there anyone out there for me? These are the bridges that the author, Esther Cleveland, refers to in Duplicate Bridges. Bridges are made for people to get from one place to another, usually to avoid dangerous terrain. Some are visibly safe and others are questionable. (Having a warning sign on them.) Some are uncharted and you don't know what to expect, but someone on the other side is urging you to cross. The main decision is whether to trust that other person. Promises may be great, but should I take the chance? Find out about her adventures and decisions in Duplicate Bridges.

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Last World Championships for the U.S? | Jfeld22@gmail.com (Jason Feldman)

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32 Players have been denied visas to the United States to compete in the 2010 World Bridge Series in Philadelphia.  Numerous others have had problems, but thanks to letters from the USBF, the WBF, and correspondence with the consulate by their immigration attorneys many were eventually able to obtain a visa.  Unfortunately, this is a sad example of how the Department of Homeland Security has gone overboard in "protecting our borders". Individuals from poorer countries, that are not part of the visa waiver program tend to be particularly targeted, but even Canadians encountered problems.  Officers in the U.S. Embassies believe (based on instructions from their superiors) that unless someone can prove otherwise, individuals (especially those from poorer countries) are a threat to overstay their visas and remain in the U.S. permanently. Another indication of our broken immigration system...

If competitors are not allowed entry to come participate in the Championships, I can certainly understand the WBF's reluctance to host a World Championship in the U.S. again.  Already there are rumors that this may be the case.  We recommend the USBF and WBF contact Secretary of State, Hillary Clinton to inform her of this appalling situation and hopefully remedy it.

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How to win at duplicate bridge

Do you play Bridge? If you do, the chapter titles of Duplicate Bridges will have special meanings. If you don't, that's OK. You have real bridges to cross and can relate to their challenges. Single mom, kids, a new career? Is there anyone out there for me? These are the bridges that the author, Esther Cleveland, refers to in Duplicate Bridges. Bridges are made for people to get from one place to another, usually to avoid dangerous terrain. Some are visibly safe and others are questionable. (Having a warning sign on them.) Some are uncharted and you don't know what to expect, but someone on the other side is urging you to cross. The main decision is whether to trust that other person. Promises may be great, but should I take the chance? Find out about her adventures and decisions in Duplicate Bridges.

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Onward Mixed | Linda Lee

by Linda Lee on October 3rd, 2010

The first session of the Mixed Pairs Final is in the record books.  Check out:

THE RESULTS

After the first round the leaders Yvonne Hernandez – Lu Kohutiak are listed as an American pair but I think they may actually be from Unionville Ontario not too far from where I live.  I noticed that they won the Red Ribbon pairs some time ago so this is a pair that has played together for a long time.   Also notable is that Karen Cumpstone playing with John Rayner is in eight place.  I have enjoyed playing with Karen from time to time on BBO and she has played on international teams a number of times.   Captain John captained the Women’s team I played on in Istanbul.   Kathy Sulgrove and Joaquin Pacareu are in second with Pam Miller and Jim Ramussen in third.  The Mixed Pairs and the Consolation (Mixed Plate) conclude tomorrow with two more sessions.

The Bulletin for Monday was already published by 11:30 EST (very efficient Bulletin staff).  According to the Bulletin John Kraynak playing with his mother Laurie who were leading the field with a huge score (66%) dropped out after Laurie became sick.  I hope she is feeling better soon and I send her my best wishes.

John Kranyak, who averaged 66% in the first two qualifyingsessions, did not play in the third after she became ill.

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Philly Twitters and BBO Vugraph starts today (Tuesday) | Linda Lee

by Linda Lee on October 5th, 2010

There were various requests of twitter to know about the Vugraph schedule.  I was surprised to see it starts TODAY 2PM EST with Round 2 and Round 3 of the Rosenblum tea,s..  Check here for the schedule of BBO broadcasts.  Woohoo.

I thought it would be interested to check out some current twitters about the bridge World Championships.  These are mostly non-bridge players.  Some don’t represent the kind of thinking we would like…

2_normal BaconEggnChase: Geriatric groupies galore! Better put my mommom on lockdown…      RT@PhillyInquirer: World Bridge Series Championship comes to Philadelphia

Then perhaps some sour grapes AliciaTerrance: World Bridge Series Championship comes to Philadelphia: The choice came down to Las Vegas and Philadelphia. “Truth…

The Philly tourist industry is happy though

4PhillyJobs: World Bridge Series Championship comes to Philadelphia More than 4,000 bridge players from the United State

and they wonder how you can make money are bridge…

mailtohayden: World Bridge Series Championship comes to Philadelphia: Some will be paid to play by sponsors, but in large-scale …

and don’t miss BRIDGE TOUR (JADE BARRETT)  twittering from the World Championships.  You can also see his twitters on the facebook page:  Here is some of the news:

In a couple of twitters they gave us the news about Laurie Kraynak

Sadly, Laurie required surgery this morning, preventing John and her from competing further in the World Mixed Pairs. They were leading the event after two sessions when Laurie took ill.

We visited tonight after Anne and Jade had a 3/4 overall (tied with Karen and Ellis, of course) in the pair game and a 2nd overall in the BAM at the regional. Laurie is looking well and is expected to remain at Jefferson Hospital for 2 weeks of rehab.

Another bridge Tweeter is TREBOEF.  He is picking up a lot of bridge tweets from other sources on his ABOUT PHILLY section and was just itching to see vugraph.

Some folks en route…

ashekhter: So, it’s 5 pm and I am on my way to Philly. Our team has registered for Main event in World Bridge Series which starts tomorrow 10:30am.

Jenny’s tournament is over it appears..  If you want an almost minute by minute story of her tournament …

Four more years until the next bridge World Championships. Next time I’ll play in more events

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Jennbridge: High or Low? |

Jenn and I are in Philadelphia playing in the World Mixed Pairs. We played 3 qualifying sessions, and managed to qualify for a 3-session final. We're off to a good start: we had a 60% game in the first session and are running fifth overall.

Here are two eerily similar opening lead problems that were very instrumental in our being able to qualify. I held one of them and got it right; the other one was held by a well-known Washington, DC expert who didn't. In each case, you hold a spade suit headed by the AKQ. Do you lead the ace or a low one?

1. You hold:

AKQ764
654
5
Q42

You are in second seat, both vulnerable. RHO deals and passes. You open the bidding with 1 Spade. LHO doubles, partner passes, RHO bids 1NT, and everyone passes. Do you lead the ace or a low spade?

2. You hold:

AKQ75
T86
K76
J5

You are in first seat, none vulnerable. You open 1 Spade. It goes pass, pass, 1NT by RHO. You pass. LHO raises to 2NT and RHO accepts the invitation with 3NT. Do you lead the ace or a low spade?

It turns out that in both cases, it was necessary to underlead the AKQ.

Consider the first hand. What do you expect the distribution of the spades to be? LHO doubled, so he is likely to have a singleton. RHO bid 1NT, so he is likely to have 4 spades. This leaves partner with a likely doubleton. Your hand has no outside entries. The plan is to have partner get in with something, then lead his other spade to you so you can run the suit. Your lead is rewarded in a different way. Dummy had the stiff ten, partner had J8 and RHO had 9532! So we took the first six tricks. Jenn signalled what she wanted me to shift to (she had an ace), so we took the first 7 tricks for down one, which got us 79% of the matchpoints.

Now consider the second hand. Again, what do you expect the distribution of the spades to be? RHO should have 4 spades for his 1NT balance; the remaining spades are likely to be 2-2. Your hand has a potential entry with the king of diamonds, but if LHO has the ace, you'll never get to use it. So a low spade again is indicated. Fortunately for us, and unfortunately for the DC expert, he chose to lead the ace, then the king, and found the spade suit to be T8 in dummy, J3 in partner's hand and 9642 in my hand, so once he led the ace, the spades blocked and couldn't be run for 4 tricks. The fourth spade trick was crucial, as I was able to set up 9 tricks without him ever getting in again. We got 89% of the matchpoints at a crucial time near the end of the last qualifying session.

Wish us luck!


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Tuesday, October 5, 2010

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Next, it's the Rosenblum .... LIVE! | The Beer Card

Today we start the Rosenblum, the World Open Knockout Teams Championship. It's not knockout yet though. We are in a ten team round-robin for the next three days with the top four to qualify for the knockout stages. Our group consists of players from America, Canada, Brazil, Argentina, Spain, China, Turkey and Belgium. BBO vugraph is covering the whole event from the second match today.
Yesterday Sam and Tim completed the Mixed Pairs final with their best session and finished 102nd in the world. This was the second best British performance behind the Bakhshi's who were 46th. In the plate Frances Hinden and Graham Osbourne finished 6th.We failed to win our knockout bracket on handicap. A couple of interesting hands that I may post later.

[the title will make more sense if you have Sky Sports]


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Top Billing | Judy Kay-Wolff

by Judy Kay-Wolff on October 4th, 2010

At most weddings, the bride is usually the uncontested star of the show. However, poor Chelsea Clinton had to settle for No. 3 (behind Hillary and Bill). Lucky me, I was only outshone by Charles H. Goren. However, mine was a historic gathering even if I played second fiddle at my nuptials to Norman in 1963. Charlie actually gave a beautiful speech which we savored on those old movie reels that will eventually turn up in my storage search.

If you knew Norman, he was extremely considerate and tried to avoid hurting anyone’s feelings. My poor father (both physically and literally) was presented with a list of 400 guests (of whom 325 accepted with gusto) but since he adored Norman, he took it all in his stride (once they revived him). Norman’s parents owned a large drugstore/pharmacy in a small community called Merchantville, NJ and it seemed that anyone who ever bought at least a candy bar was invited — plus Norman’s bridge partners, teammates, kibitzers and fans. You name them, they were there — although missing in travel were Philadelphians, Charlie and Peggy Solomon, whom I suspect in retrospect must have been vacationing. Just think: it could have been 327.

Wrong: it should have been 329. We were concerned about ‘no-shows’ Loy and Albert Morehead. Morehead was Allan Truscott’s predecessor as New York Times Bridge Columnist. We eventually learned Al had emergency oral surgery that morning that went awry and they were not able to reach us to cancel but it had a happy ending…

The other day I was leafing through my wedding album and discovered three photos worthy of Kinko’s glossy copy process. I contacted Linda Lee who has been doing such a phenomenal job attaching marvelous photos to her own blogs and she graciously agreed that upon receipt of the selected shots, she would insert them in this blog (since photography is one of my weak suits) and become my partner in crime.

Philadelphia was a hot bed of bridge in the early days — boasting of many world-famous natives. I understand more top bridge players (per capita) were born in the City of Brotherly Love than any other metropolitan area in the country. Besides Goren — there was B. J. Becker, Johnny Crawford, Norman Kay, Peter Pender, Arthur Robinson, Sidney Silodor, Helen Sobel Smith, Charlie Solomon, Sally Young, et al.) and with apologies to those I overlooked.

Let me try to give you a quick rundown of the three photos seen below and some of the highlights which I vividly recall almost half a century later. If you don’t recognize the faces, many of you will be familiar with a number of the names and hopefully will enjoy some of my tales out of school.

Charles Goren and Co. Charles Goren and Co.

Photo #1.
Center stage was Charles H. Goren, Mr. Bridge himself!!!! On his left sat Ethel Nathanson (the first Mrs. Benedict F. Gimbel). Incidentally, Ethel came from the Snellenburg clan and the marriage marked a merger of two celebrated Philly department store families. Also, her son was the famous Ted Nathanson, Director of TV News and Sports Shows. I knew Ethel, a frequently discussed student of both Victor Mitchell and Arthur Robinson, who could have collaborated on an incredible bridge best seller. I say ‘incredible’ because no one would believe the episodes they experienced with her.

I liked Ethel, but no doubt she was the proverbial piece of work. One day, while having lunch with her, I admired a gorgeous ‘rock’ she was sporting. It was a knockout but I went ballistic when she whispered curiously in my ear, “Oh, dear, the real one is in my safe. I make copies of all my jewelry but never wear the originals.” Haven’t figured that one out yet.

On her left was Peggy Rotzell, an aggressive, rather pushy decent woman player who always snared top fellas for the Mixed, but when Norman and I got engaged, we got the ground rules straight. On her left was Dr. Russ Storr seated next to his favorite partner, Olive Peterson. Olive was a respected player and teacher and worked closely with both Milton Work and Charlie Goren.

Next to Olive, you no doubt recognize Alvin Landy (with his wife Elaine). I must digress and tell you my UNfavorite Alvin Landy Story. While still newlyweds, I was struggling to attain the 300 point LM status. I was so paranoid about my fractionals getting lost — would you believe I sent them Registered Mail, RRR? Alvin was ACBL CEO at that time and the Landys joined us and the Solomons for dinner one weekend in Philly.

In the course of normal conversation quite casually someone (possibly Charlie) addressed Alvin, asking if it was true that the BOD was considering upping the LM requirements from 300 to 400 — at which point I almost gagged on my appetizer. I had 296 points and I was counting the days till I finally made the grade. It became obvious by my rare silence that I was appalled and suddenly everyone burst into laughter. It was all a pre-planned set up to send me into a tizzy and indeed it did! That was Norman’s sense of humor.

Back to the rest of the guests at the table. Somehow out of order was Olive’s husband, Pete Peterson; and the last pair on the right front side were Marie and Eddie Cohn. Eddie and Charlie were very close friends and often played together in their early days before Charlie made it big!

Bobby Jordan and Co. Bobby Jordan and Co.

Photo #2.
Most of you will recognize a close up version of a young Bob Jordan (holding hands with his wife Phyllis). I worked as a paralegal with Phyllis and, at Norman’s urging, introduced her to his recently widowed best friend, Bob, and they beat us to the altar by six months. On Bob’s left are Nettie and Fred Karpin. Fred was co-author of Norman’s Duplicate Bridge Book with Sidney Silodor, and noted also for achievements in other literary fields.

Seated to Fred’s left, Marion Stein Harmon and her bridegroom, Lenny. In fact, Marion, who lived in Detroit, had recently lost her husband of many years and Jordan sang the praises of the joys of marriage to bachelor Lenny. Before he knew what hit him, he was donning a wedding band.

Continuing along were friends of Norman’s, Aileen and John Lisberger and sitting directly in front of Norman (standing with me in the background) was Wanda Gabrilovitch alongside of her charming husband, Andy. Rounding out the group were Carole and Dick Moscotti. Actually, Carole was Norman’s former girlfriend, but I forgave her and we were close friends for many years until she divorced, married Jessel Rothfield and enjoyed many delightful, productive years in Australia.

Arthur Robinson and Co. Arthur Robinson and Co.

Photo #3.
Undoubtedly, the superstar at this table in the dark suit is a youthful Arthur Robinson with his wife, Harriett. On Arty’s left are Isabelle and Al Friedman, one of Norman’s Cavendish pinochle buddies. Al, a big fan of Norman’s, was often quoted. saying that “Norman is an even better pinochle player than bridge expert.” It was a tossup which he loved more.

Next to Al (with eyes half shut) was my first duplicate woman partner and my Matron of Honor, Helen Smith, no relation to THE Helen Sobel Smith, who hung in with me as a beginner and kept hammering away that Norman is a ‘keeper,’ hounding me .. “Don’t let THIS ONE get away!” as I was obsessed with the game only. As these photos bear witness, I was a good student and succumbed to her words of wisdom.

Seated on her left was Harlow Lewis, another popular Philadelphia expert; the other two couples were Norman’s ushers Merle Moskowitz and Gabby Coren (seated beside their respective wives Trudy and Lorraine). Gabby’s pride and joy was that he served as the matchmaker between Billy Eisenberg (whom he had played against in his travels to New York) and up-and-coming Philadelphia star Bobby Goldman, who formed a partnership with Billy and began performing for the rising Dallas Aces in the late sixties. (Somehow or other — my Bobby always gets into the act)!

I must conclude by confessing I gave a lot of thought to canning this blog with historic snapshots as I didn’t want to come across as a name dropper. But, after lengthy reconsideration, I opted to hang in because gazing upon several of these superstars, not normally sitting North/South or East/West was definitely newsworthy — especially at a shindig hosted forty-seven years ago with THE CHARLES H. GOREN as the featured attraction! Also, I wanted to quash the circulating rumors that I was never svelte with dark hair! So be it!


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