I discovered Caleb Caudle back in 2010 during the heady days of Myspace. I was hopscotching across bands and fell upon Caleb’s page, when he was still fronting Caleb Caudle & The Bayonets. Snake River Canyon quickly became one of my favorite records of 2010, and “So Gone” and “Skeleton Tree” are tunes I still pull up from time to time.Since launching his solo career a couple years ago, Caudle’s sound has taken a departure from the crunchy, guitar driven roots rock of his Bayonet days. 2014’s Paint Another Layer On My Heart and the recently released Carolina Ghost feature a more distinct alt-country twang, with influences from songwriting compatriots like Aaron Lee Tasjan and John Moreland readily apparent. Caudle, along with Moreland and Tasjan, represent the best and brightest of the next wave of Southern songwriters.I recently caught up with Caleb to chat about the new record, hitting the road solo, and ghosts.BRO – I read a recent post from you that recalled selling all of your stuff a few years ago – save your guitar, some records and paintings, and a set of steer horns – to hit the road full time with your music. That must be a pretty special set of steer horns.CC – Yeah, but then again, all steer horns are special. My brother gave me those a few years back.BRO – Any regrets?CC – Absolutely not, except for not doing it a lot sooner. But it all played out how it was supposed to. Things are better than they’ve ever been, so I’m pretty alright with everything.BRO – You got to celebrate the release of Carolina Ghost in your hometown of Winston-Salem. That had to be a lot of fun.CC – Yeah, it was a blast. There’s always this weird pressure I put on myself with hometown shows, but they always turn out great. The Garage is my favorite venue. I grew up in there. I’d sneak in when I was seventeen and then the owners just got to a point where they didn’t care. About four years ago, me and Jason Isbell did a show together where we both did solo sets. He broke a string on his guitar and ended up play my Gibson J-200 for his encore, which was “Decoration Day” and “Danko/Manuel,” two of my favorite tunes of his when he was in the Drive-By Truckers. It’s a good memory. The Garage rules.BRO – We are featuring “Piedmont Sky” on this month’s Trail Mix. What’s the story behind the song?CC – The song is about coming home. Not just physically, but also emotionally and figuring out what home is all about to you. I came home sober and kind of relearned my city and found all the stuff I loved about it. I learned to forgive myself and fell in love. It just felt new and fresh. The town hadn’t changed much, but I sure did. All of that sparked the whole idea for “Piedmont Sky” and I tried to incorporate some regional imagery to provide a setting.BRO – Got a favorite ghost story?CC – There was this bridge on a back road not far from my high school and the whole thing was you were supposed to get in a car and park it on the bridge and turn the engine off. At that point, a ghost was supposed to be sitting in the backseat. Not sure what he was supposed to look like. I had images of a fallen Civil War soldier floating in my head. I never saw a ghost, though. I did, however, get hungry, so I went and got a burger. Probably a Cheerwine, too.Caleb Caudle is going to busy through the rest of the month, with tour dates that take him across the Southeast before he heads west to Texas. You can catch him tomorrow night in Atlanta at Venkman’s and on Saturday night in Waverly, Alabama, at Standard Deluxe.For more information on Caleb Caudle, tour dates near you, how you can grab your very own copy of Carolina Ghost, please check out Caleb’s website.
By Dialogo December 27, 2012 So far this year, the Nicaraguan Army seized 7 tons of drugs from drug cartels that crossed the Caribbean Sea, where the Naval Force will reinforce its presence to protect the spaces that the International Court of Justice (ICJ) granted the Central American country after the dispute with Colombia, a military source informed. “This year over 7 tons of drugs have been seized” by the Army only, as part of the so-called “contention strategy against drug traffickers,” Chief General Julio Avilés of the Army confirmed after receiving a donation from Taiwan in a ceremony in Managua. Avilés said that this strategy allowed the institution to confiscate 131 tons of drugs between 2000 and 2012. This initiative seeks to “prevent the drugs coming from the south to north to enter” Nicaragua, and “we will continue stepping up these spaces restored by the ICJ’s ruling,” stated Avilés. On November 19, the ICJ passed a ruling stating that all the isles of the Archipelago of San Andrés belong to Colombia, and establishing new boundaries, extending Nicaraguan sovereignty over the Caribbean. On November 29, Nicaragua announced that the counter drug operations to be carried out in the Caribbean by the Army along with the United States in 2013, will also extend to the maritime areas assigned by the Court of The Hague. Nicaraguan President Daniel Ortega invited Colombia to participate in counterdrug operations that the Nicaraguan and U.S. Forces will perform in the area. Drug trafficking “is a battle that we should fight together, in this case with the U.S. and Colombia, as well as with the countries that are willing and available to join,” said Ortega on December 5.
A cut in spending on research by fund managers, caused by MiFID II rules, could be leading to poorer coverage of some sectors of the equity market, surveys of the industry have found. Speaking to more than 500 professionals in European fund management on the impact of the updated Markets in Financial Instruments Directive (MiFID II), CFA Institute discovered almost half of those providing the research thought the quality had decreased overall.Just 44% of respondents working for banks or brokerages said the quality of research had remained constant in the 12 months since the introduction of the regime. The same number said research quality of small and mid-cap stocks had decreased.Rhodri Preece, head of industry research at CFA Institute, said: “Independent and sell-side research providers are under pressure, which we see translating into reduced research coverage, particularly in small and mid-cap equities, and fewer sell-side analysts.” Since the implementation of MiFID II – which required managers to separate the cost of research from the cost of trading – fund managers have significantly scaled back the amount they allocate to research from banks and brokers.CFA Institute found the average decrease in research budgets amounted to 6.3%.However, the largest firms have made the largest cuts, and for those managing more than €250bn the average budget reduction has been 11%. For those managing less than €1bn, the budget change has been negligible, the institute reported.Further readingUnbundling research payments has hurt transparency, report finds Splitting research and trading costs could go against one of the main aims of MiFID II, according to Scope Analysis and Frost ConsultingMiFID II has ‘shrunk’ fixed income research market ICMA reports that less research is available for the fixed income, currencies and commodities sectorsBriefing: MiFID II – a year on The new rules are having a dramatic effect on the world of investment research, writes Steve Kelly, adviser to Euro IRPIn another survey highlighting the impact of MiFID II, broker Peel Hunt and the Quoted Companies Alliance said nearly two thirds of investors – 62% – believed less research was being produced on mid and small-cap companies. A third said they expected further reductions in both the volume and quality of research in the future.Steven Fine, CEO of Peel Hunt, said these were unintended consequences of MiFID II – and warned there would be more to come.Fine said: “Specialists will become generalists. Generalists will cover too many stocks and their product knowledge will dilute. Quality will decline, gaps will appear in the market and many smaller companies will de-rate.”Some 63% of investors polled by Peel Hunt said the regulation had produced a negative impact on the liquidity of UK mid and small-cap stocks over the past 12 months.The broker chief said he suspected liquidity would continue to dry up, leading to companies moving off the stock exchanges and becoming private holdings.