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Rave Party

What is actually a rave party? Definition, History and Meaning of Rave Party
The Acid connection
Rave parties, apart from the electronica-trance music and unbriddled dancing, are typically associated with Acid House parties where the revellers consume a semi-synthetic psychedelic drug called Lysergic acid diethylamide, commonly referred to as Acid. Rave revellers are typically known to have a halucinatory and delusory trip. But in India, the use of LSD is pretty limited and instead people cocaine, speed (Ecstasy) or cheaper derivatives which usually do not provide their users a 'rave on' trip as Jeff Beck or Eric Clapton of The Yardbirds, a popular British band of the 60s, would have defined the rave experience.

But in India, parties where men and women drink, consume marijuana or hashish, pop tranquilisers and dance to any kind of music is often referred to by the authorities and the press as 'rave' parties.

Origin of raves
The exact origin of raves is disputed. Some say the wild Bohemian parties in the late 1950s London used the term "rave" loosely to describe the events of Soho. According to a public document on the website of the US Justice Department, raves evolved from 1980s dance parties, aided by the emergence of European techno music and American house music.

Raves were exclusive parties organised by European clubs in the 1980s – secretive, after-hours and private – to ensure minimum interference from law officers. Attendance was restricted to invitees only. The venue of rave parties was a closely guarded secret that only the invitees and friends of invitees were told at the night of the party to keep out unwanted visitors. The document states that the secrecy surrounding the party gave the rave culture an "underground" status.

Mass marketing of raves
By the mid-1980s, rave parties overseas had developed such a following among youths that by 1987 London raves had outgrown most dance clubs. It then became common to hold all-night raves - which drew thousands of people - in large, open fields on the outskirts of the city. As the movement continued to grow in the late 1980s, the first rave parties emerged in US cities such as San Francisco and Los Angeles.

A new rave culture emerges as teenagers took over the traditional young adult ravers. The events became highly promoted and heavily commercialised and as a result less cloak-and-dagger. Many rave promoters were career criminals who profited from organising events tailored for teens. According to the document, capitalising on the growing popularity of raves, specialized industries were developed to market clothes, toys, drugs, and music.

Today's raves are characterised by high entrance fees, extensive drug use, exorbitantly priced bottled water, very dark and often dangerously overcrowded dance floors, and "chill rooms," where teenage ravers go to cool down and often engage in open sexual activity. Many club owners and promoters appear to promote the use of drugs - especially MDMA. They provide bottled water and sports drinks to manage hyperthermia and dehydration; pacifiers to prevent involuntary teeth clenching; and menthol nasal inhalers, chemical lights, and neon glow sticks to enhance the effects of MDMA.

Electric Daisy Carnival
The Electric Daisy Carnival is one of the world's largest electronic music festivals, with a weekend of outdoor music and dancing in Las Vegas with 26 carnival rides, kaleidoscope sculptures, pyrotechnic displays, a pulsating soundtrack and a reputation for heavy drug use that it hoped to live down.

The increasing notoriety of raves has caused the rave culture to spread from major metropolitan areas to more rural or conservative locations. The genres of electronic dance music played at raves include house, trance, psytrance, techno, house, jungle and jungle techno.

The parties have also spread to Asian countries such as India and Malaysia. In India, St Mary's Island, Udupi, on the Malpe coast often play host to hundreds of foreigners and tourists who had come from Bangalore, Delhi, Mumbai, Goa and other parts of India to participate in a three-day Rave Party called 'Spring Zouk' - the Island Festival. Over 600 couples participated in the festival.

Flashy lights, crowded beaches, loud rock music, round the clock acid house party packed with high levels of energy marked the festival.

Sale of liquor in the Island, nude and half nude appearances by the party animals, smoking of banned substances like ganja in a party were introduced for the first time in the Udupi region. Over 300 tents are installed every year at the Island for the tourists. The Udupi District Administration in association with 3W Concepts had organised the event as a tourism promotion tool. Locak folk forms like Dollu Kunita, Kangeelu, Yakshagana, Suggi Kunitha by the Halakki tribes are also staged before the tourists.

US markets had an excellent session and closed near day's high. All dow components were closed positive. European woes are residing as investors feel tired of hanging policies. Valuations look attractive as buying at lower levels may be a strategy for now. Asian markets were shown a significant weakness due to rising spain debt yield to unsustainable alarming levels. All asian markets were in red, while hong kong markets and taiwan down over 2 percents.

Nifty Trading Tips & Outlook Today

Nifty will see a mild correction today after two days of rally, use this dip to accumulate Nifty at lower levels. Trend will be positive in near term. Buy on dips around 4930-4940 ( spot ) levels. Don't short Nifty at current levels.

Check out our previous recommendations here

Thought: Facebook has keep acquiring small firms and giving them premium valuations, but the question is when and what will lift Facebook share itself? Investors get burned as they loose a lot of money, will they ever recovered from Facebook Shares?

Opera Software shares soared over 20 per cent on Tuesday on talk Facebook was in discussion to buy the firm, while analysts said competition from Google and others could push the price tag of any deal over $1 billion.

Shares of Oslo-listed Opera, coveted for its advanced mobile phone software technology, jumped as much as 26 percent, valuing the firm at over $800 million.

Opera's mobile technology, along with 170 million Opera Mini users, give the firm extensive commercial relationships with mobile phone manufacturers and operators.

Facebook has struggled to convert its rapidly increasing traffic from mobile platforms to revenue, and purchasing Opera would be a faster solution than building its own platform or browser, analysts added.

"Opera would be sensible for Facebook on several levels as it would enhance the now limited mobile experience of Facebook, improve Facebook's mobile monetization problem, help Facebook retain online game developers leaving the social network over a lacking mobile platform and further improve Facebook's ability to target ads," Arctic Securities said.

It would be such a perfect fit for Facebook, analysts said it would have to pay a hefty premium.

DNB, Norway's top bank, said the price would have to be double Friday's closing level, or 68.6 crowns, valuing the firm at $1.35 billion, while Danske Bank predicted a price between 50 and 60 crowns a share, or between $1 billion and $1.2 billion.

At 1021 GMT, the stock traded up 16.9 percent at 40.1 crowns a share, valuing the firm at around $800 million.

Opera officials have repeatedly declined to comment.

Obstacles

• Merck KGaA (MKGAF.PK) to Disclose More Job Cuts More...

Grooveshark Reveals Free User Data Analytics Targeting Artists And Advertisers
Grooveshark has opened up a trove of user data to the world for free, via an in-depth analytics service called Beluga. The data Grooveshark has collected is anonymized and comes from surveys that users have responded to in exchange for points on the music network. User information spans a whole gamut, from the cell phones they use, to their annual income, to the kinds of nail paint they prefer. The data also includes age and sex demographics information, and of course, the time, frequency and device used for music listening--all searchable by artist. Grooveshark hopes the free data and analytics will help artists understand their audiences better (though, as TheNextWeb rightly points out, the pool is skewed towards a survey-answering, Grooveshark-using, BlackBerry-weilding demographic) and even perhaps snag advertising partners on the music network--a plus for Grooveshark and a bonus for the artists on it. 

23andMe Parkinson's Disease Discovery To Get Patent Approval

Google-backed personalized genomics company 23andMe is expecting approval for its very first patent, inspired by a discovery about Parkinson's disease that the company's research staff made in October last year. They identified a genetic variant that could protect people with a certain kind of mutation that put them at risk of developing Parkinson's disease. Identifying the variant is a first step to developing a treatment for the disease. 23andMe is continuing work on the variant in collaboration with the Michael J. Fox Foundation for Parkinson's Research, co-founder Anne Wojcicki wrote in a blog post--work that could one day find use in drugs developed by biotech companies and pharmaceuticals. 23andMe has been cultivating a patient community and database of information about Parkinson's among its members for about a year now. Parkinson's is of particular interest to Wojcicki's husband and 23andMe backer Sergey Brin, who has been a strong supporter of Parkinson's research since 2005 and also carries a gene for the condition. 

SoftBank's New Smartphones Will Detect Radiation
Japan telecom operator Softbank will start selling smartphones this summer with radiation sensors built-in. The Pantone 5 107SH (which comes in eight colors) is waterproof and dustproof, but will also detect radiation in microsieverts per hour when a key is pressed. Also, a map app will keep track of past radiation check locations and levels. While Sharp has yet to release pricing details for the phone, Softbank founder Masayoshi Son said the phone would be "affordable." The Pantone series is considerably popular in Japan already, and the fact that this phone is the first to run Android 4.0, The Verge points out, may be reason enough for its success, even without the addition of this rather unusual feature. After Fukushima, radiation has become a day-to-day concern for people in Japan, making its way into the environment and mixing itself up with some kinds of food.

Samsung Launches Music Hub, A Direct Competitor To iTunes, Spotify
Alongside the launch of its new top-line Galaxy S3 smartphone, Samsung has released its Music Hub app in a number of European nations. It's an all-in-one music portal costing £9.99 a month that offers to act as an MP3 player as an app, and also as a music locker offering free streaming access to your music, including the opportunity to upload tracks that aren't included in the list of around 19-million tracks that Samsung has already stored in its cloud. The intention is to release the service on all Samsung phones going forward, and possibly to release it for other devices. Music Hub's systems are very similar to the latest iteration of Apple's iTunes and its iCloud integration, and also challenge other streaming apps like Spotify.

Facebook Rumored To Be Buying Israeli Face Recognition Firm Face.com
Over the weekend rumors began to swirl that Facebook was looking at spending about $100 million to buy Israeli startup Face.com to access its clever face recognition technology. Now it's suggested via GigaOm that the momentum for the deal is actually in Russia's search engine leader Yandex, which invested in Face in 2010, and may be looking to sell its large stake in the company for a combination of cash and Facebook stock. It is likely that many such acquisition rumors will surround Facebook now that it has its cash reserves buffered by the IPO, but this one is particularly interesting: Face recognition systems would be useful for Facebook, although controversial for their privacy implications...and it's a tech that other tech giants like Google and Apple are exploring too.

Groupon Getting In On Square's Game, Low Rates And Free iPod Included.
According to a report at VentureBeat, daily deals site Groupon is testing an iPhone payments system like that of Square, PayPal and Verifone. The system is said to include aggressive pricing of 1.8% fee and 15 cents per transaction--compared to Square's 2.75% share with no transaction fee and PayPal and Verifone's 2.7%. Critically, in what may be a deal-maker for many low-end merchants, Groupon is offering a free iPod Touch alongside its free card reader, while its peers require the merchant to buy an expensive iPod, iPhone, iPad or Android device of their own. The information comes via a leaked internal email, and Groupon has no comment. Groupon recently reported profits after a period of poor performance. Considering Groupon's expertise is in daily deals and discount coupons, it's possible that the firm will leverage this system into its new mobile pay service--meaning our prediction for the rapidly-evolving future of the credit card looks on target. 

Microsoft Downplays Windows 8 Adoption Numbers, Preps 80-Inch "Tablet"
According to Wired.co.uk, Microsoft CEO Steve Ballmer has an 80-inch giant Windows 8 "tablet" hanging on the wall of his office, and he's ditched his phone and his note paper. The tablet is made by a different company, but a Microsoft spokesperson made a note of saying the machine--effectively a Windows 8-equivalent of its Surface product--will go on sale. Meanwhile Microsoft is in PR withdrawal, correcting some words Ballmer uttered last week to say "500 million users will have Windows 8 next year." Ballmer was restating, out of context, some figures that had been previously released, MS now asserts, which represent the maximum possible ugrade path from Windows 7 devices. In other news, Microsoft has upset some developers by saying it will withdraw some of its software support tools for writing Windows 8 desktop apps, intending to concentrate its app push onto full Metro-supporting software (implying full touch control, versus more traditional Windows code).

Stock of the company Freeze tag Inc ( OTC: FRZT ) rallied as high as $0.08 and still holding more than 100 % of upside. There was not any announcements from the company and up move might look fishy. We advised not to trade the stock until the company announcements released. 

AGR tools Inc

Penny stock AGR tools Inc ( PINK : AGRT ) exploded more than 250% to $ 0.47 on latest developments  from company that the incorporation of a wholly owned subsidiary, AGR Energy Holdings Inc. AGR Energy will form an arm of AGR which will focus on oil & gas exploration and production within the continental United States.

Stock might gain further as volumes might drive stock further upside. One might consider buying for more upside.

A magnitude 5.8 earthquake shook northern Italy on Tuesday, killing at least three people according to Italian news reports.

The United States Geological Survey said the quake, which struck at 9:00 am local time (0700 GMT), was centered 40 kilometers (25 miles) northwest of Bologna.

It hit the same region where a stronger temblor measuring 6.0 earlier this month killed seven people, most when factories working overnight collapsed.

The news agency ANSA reported three dead, two in San Felice sul Panaro and one in Mirandola. Media earlier reported that a tower in San Felice had collapsed.

Television footage on Sky News 24 showed evacuees from the previous quake peering out of shaking tents in disbelief.