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U.S. Dollar Volatility
USD Weakness: Temporary or a New Trend?
What is the best way to develop a risk management plan for your business? What resources are available for assistance with the financial and market variables that will impact a risk management plan? What is the best way to identify the appropriate hedging instruments to use? What are the outcomes of an effectively implemented risk management plan?READ MORE
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Fraudsters frequently conduct extensive research to tailor their approach to match the target. Here are some tips for how to fight the threat.
Social engineering fraudsters frequently conduct extensive research on individuals or corporations to tailor their approach to match the target. Read about ways to identify your risks and fight back.
The migration to chip cards and chip-enabled point-of-sale terminals in the United States has helped to mitigate fraud risk for cardholders, merchants and bank issuers.
Fraudsters are aware that they can't counterfeit physical cards and use them in a chip environment anymore. As the online environment is less protected, card-not-present fraud is growing.
Find out how the right foreign exchange strategy can mitigate risk and potentially help you grab opportunities.
Tariff announcements, whether real or threatened, have impacted the markets. Companies dealing in U.S. dollars should consider hedging strategies to manage the foreign exchange aspect of their international trade.
Some of these best practices may be obvious, but they make a good checklist for your internal fraud mitigation efforts.
Be sure that you are protecting your company from fraud by following proven best practices, diligently monitoring accounts for fraudulent activity, and reporting to your bank in a timely manner to increase the likelihood of recovering funds.
Getting to compliance may yield valuable data that can be used to guide future leasing and financing decisions. Here's how.
New standards may require significant changes in internal systems, processes and controls surrounding leases. But you can also collect valuable data to guide future leasing and financing decisions.
Market participants are split on the direction of short- and long-term rates. Find out what strategies may work to your advantage.
Get an overview of the current movement of the yield curve along with tips about how you may take advantage when the direction is still not clear.
Treasury professionals believe that strategic, cybersecurity and financial risks will challenge them over the next three years.
Four hundred treasury professionals believe that strategic, cybersecurity and financial risks will challenge them over the next three years. Get results of the 2019 AFP® Risk Survey.
Learn about global trade agreements, economic conditions in Canada and payment modernization.
Learn about global trade agreements, with particular emphasis on Canada, as the United States-Mexico-Canada Agreement comes into focus. We also address other relevant developments in Canada, as Payments Canada is currently overseeing a major modernization initiative of the Canadian payment rails.
Canada is working towards payment systems that will be familiar to U.S. companies to further facilitate cross border transactions.
U.S. companies doing business in Canada will soon have the payment functionality that they are accustomed to at home. Here are 10 tips to help smooth the way for U.S. companies considering expansion in Canada.
With a trilateral agreement remaining intact, there is less risk of significant economic costs for all three countries.
A surprise during the approval process is something that could drive a multi-percentage-point move in the Canadian dollar, Mexican peso and likely many other currencies that react in times of global uncertainty. Could a dollar-cost averaging hedging approach benefit your company?
Smart contracts can unlock the power of blockchain technology, providing a platform that can remove friction, reduce paper and speed transactions across many industries.
Could smart contracts benefit your business? Smart contracts are blockchain-enabled contracts that have the potential to revolutionize the way we do business. Similar to paper contracts, smart contracts define operating rules between parties, but a key differentiator is that they can also systematically enforce those rules.
There are seven common principles a business owner family can use to successfully transition to a financial family. These principles are outlined in this paper.
After the sale of a family business, the business owner family must transition to a financial family. An important element of a family's successful transition is an understanding that the business purpose that drove and united the family. Without a common purpose, the family does not have a common goal or focus.
This webinar will provide background on the threats and best practices for protecting your Commercial Card program.
There are many similarities between Canadian and U.S. banking, but these four differences could affect the way you do business.
Due to its close proximity and cultural similarities, Canada is a natural first step for U.S. companies considering international expansion. However, while there are many similarities between Canadian and U.S. banking, there are also many differences that could impact the way you do business.
Is your company prepared to repatriate large amounts of foreign earnings? This webinar will provide valuable, real-time insights for key decision makers.
The Tax Cuts and Jobs Act incentivizes U.S. corporates to repatriate foreign earnings. Is your company prepared to do this from a policy, risk management and execution standpoint? Join PNC's foreign exchange advisors as we discuss the potential impact of tax law changes on your business.
Are you exposed to future rate increases related to longer term debt? A forward starting swap can help to manage interest rate exposure.
As interest rates continue to rise, borrowers may be exposed to future rate increases related to longer term debt. A forward starting swap can help to manage interest rate exposure and align their interest rate risk with their risk tolerance.
Review key provisions of the new Tax Cuts and Jobs Act
Key provisions contained in the Tax Cuts and Jobs Act, specifically relating to businesses and business owners. This is a condensed version of a detailed article on tax planning.
Whether you are buying or selling across borders or entering a new international market, you're likely to face credit, country, counterparty and currency risks.
This webinar outlines the key instruments for mitigating risks, examines strategies for navigating the complexities of international trade, demystifies industry terminology and clarifies components of trade documentation.
We focus on three key areas for plan sponsors thinking about enhancing their pension risk outcomes.
2017 proved to be another volatile year for pension plan sponsors. The market environment combined with several regulatory updates may provide plan sponsors with some potential opportunities for 2018.
President Trump signed the Tax Cuts and Jobs Act (TCJA) into law on Friday, December 22, 2017 — and it has undoubtedly left its mark on the municipal finance market.
During this webinar, we discuss the major elements of the Tax Cuts and Jobs Act and their effect on municipal finance, including municipal bond supply and demand, and relative value relationship of municipals to other instruments. We also cover a look-back at the impact of these dynamics during the first two months of 2018 and expectations for longer-term effects. PNC Public Finance Disclosure
Discussion includes a look-back at the impact of these dynamics during the first two months of 2018 and expectations for longer-term effects.
Many U.S. companies continue to actively seek ways to increase energy efficiency.
Researchers have found companies with high environmental, social and governance ratings tend to outperform the market in the mid- and long-term ranges. As many boards and corporate executives are finding, sustainability initiatives can be very good for business.
While interest rates have been low for years, rising interest rates bode well for overall economic health — and may even hold good news for businesses.
Understanding and capitalizing on the opportunities that exist in rising rate environments can make businesses stronger. Focusing on the next best moves for your business, both in terms of borrowing and strategic investment, can help you stay ahead of the competition and make the best decisions for the future of your organization.
Any company looking to do business in China needs to understand the differences and nuances of banking in China in order to structure banking relationships for success.
This whitepaper focuses on the Top 10 concepts and common banking practices that are applicable to companies conducting business in China. While this is not an exhaustive list, the aim is to provide an overview and some of the essential knowledge to get started as a treasury practitioner.
You can't afford to wait for clarity around Brexit. Learn about potential impacts on your business.
The ability to remain flexible and quickly implement changes based on potential Brexit outcomes will be an advantage in this time of uncertainty. This white paper is a resource to assist you in analyzing and planning for business after Brexit.
Evaluate investment options and anticipate future rate changes in order to set an optimal cash position and strategy.
Many financial decision-makers see today's rising rates as either a brand-new phenomenon or an operating environment that they haven't faced for more than a decade. Corporates will be required to analyze their short-term cash and cash position differently in order to prepare for the long haul.
You can't afford to wait for clarity when determining European strategies in the face of an uncertain Brexit environment. This seminar will arm your company with the tools it needs.
Improve your understanding of the economic impact and potential disruption to trade flows. Identify possible negotiation outcomes surrounding passporting rights and data privacy. Review foreign exchange concerns including currency volatility. Recognize the potential impacts on employees, customers and vendors.
Are you facing international cash management challenges without uniform internal systems – and with thinly-spread local staff?
According to a 2016 Ovum survey of 200 treasurers in 23 countries, only 13% of multinational corporates can see their real-time global cash position. Treasury teams need to achieve a greater degree of centralization and regain control of their company's most important asset: cash.
We believe buy-sell funding has a "Goldilocks zone" of sorts in that parties to a buy-sell agreement will seek to find an optimal funding level.
Acquiring an appropriate amount of life insurance coverage, properly structuring ownership and beneficiary designations, and aligning the type of life insurance policy with the terms of the buy-sell agreement are critical to implementing a successful funding strategy.
A key to effective wealth management and family wealth transfer is recognizing the risks that threaten you and your family's wealth and developing strategies to minimize them.
Recognize the risks that threaten you and your family's wealth and develop strategies to minimize them. Disability, divorce and predators are just a few of the risks families face. A well-designed and well-administered trust is one of the most effective tools for managing life's risks and achieving wealth goals.
Trade negotiations, including changes to NAFTA and the uncertainties presented by Brexit make the need for foreign exchange risk mitigation more urgent than ever.
Evaluate current risk management practices, including the establishment of a hedge policy. Ensure that your internal policies and controls correctly account for risks. Update your management reporting systems to correctly list your FX exposures and hedging activity.
Hedging allows treasurers to protect profits and cash flow by locking in revenues, costs and global intercompany transactions, but accounting treatment can be uncertain.
Equity markets are highly volatile. Global currency markets have also been experiencing larger than normal swings. Fortunately foreign exchange hedging products such as forwards and options are available to protect against the potentially adverse impact of currency fluctuations.
Check fraud tops the list of fraud methods criminals use, according to the latest AFP Payments Fraud and Control Survey. Why is this latest survey especially worrying?
75% of organizations experienced check fraud in 2016. 74% reported that their organizations were exposed to business email compromise. Nearly half of survey respondents reported that the incidents of fraud attempts increased in 2016.
PNC's economists forecast that the Federal Reserve will continue to raise interest rates throughout 2017 and beyond.
In order to reduce the impact of rising rates on borrowing costs, companies should develop and implement a comprehensive plan to manage their interest rate exposure. PNC speakers provide a perspective on how external factors may affect your financing costs and what you can do to regain control.
Pension plan sponsors face a volatile landscape that presents significant opportunities and risks, especially if they have a legacy defined benefit plan, or are considering a merger.
Healthcare systems are complicated organizations, managing their liabilities to maintain credit ratings in a competitive environment. Pension risk is a liability many systems face and several strategies available are highlighted in this article.
Today's rising interest rate environment may make it possible to improve your return on short-term cash.
Investment policies should include formalized forecasting and contingency plans to prepare key decision-makers for unexpected events. Contingency plans should include a scenario analysis that details events of varying risk or magnitude and how the company will react. For example — divest, stay the course or become more conservative.
Corporate financial managers must consider the impact of interest rate forecasts, future GDP estimates and potential tax reform on corporate cash strategies.
A number of short-term investment options have become part of the consideration set because of the rising market. They include variable net asset value prime money market funds, separately managed accounts and conservative ultra-short bond funds.
Consolidation is a key growth strategy. A robust agriculture equipment sector includes the financing tools and mechanisms farmers need to access state-of-the-art equipment.
Agriculture has been central to Canada's economy for its entire existence as a country. From the fruit orchards in the West, to the grain and wheat of the Prairie provinces, to the wine regions in Ontario and British Columbia; from the world-class honey and maple syrup, to the dairy and meat producers across the nation, Canada is a significant food and crop producer.
U.S. businesses today may need foreign exchange services if they buy product from overseas suppliers or if they sell product internationally and have foreign currency receivables.
U.S. businesses with a global footprint need an efficient, low-cost method to make and receive payments in currency other than U.S. dollars. Whether a business has foreign currency needs on an ongoing or ad hoc basis, PNC can help manage the impact of exchange rate fluctuations on future cash flows and profitability.
Energy is largely an export industry in Canada. More than a third of the oil, gas and coal production and more than 10% of hydroelectric power exported to the United States.
The energy industry in Canada comprises oil and gas, mining, renewables, and power production and distribution. Each has unique features, including regulatory controls, and the level of involvement by government. They also differ from province to province, with various controls and incentives in place to encourage or discourage investment and foreign involvement.
Opportunities abound for creative financial institutions with the tools needed to partner with government because much infrastructure activity will be funded by deficit budgets.
Infrastructure spending will be roughly aligned with the size of the provinces and the current infrastructure deficit.Key provinces to watch include Ontario, Quebec, British Columbia and Alberta. These four provinces account for 85% of the population and are therefore most likely to get the vast majority of the spending.
Cost structures may allow for increased margins.Time zone alignments and ease of transport can be a significant advantage for U.S. firms with Canadian manufacturing centers.
The most significant and sophisticated hubs for manufacturing are in Ontario and Quebec. Primarily developed to support the automotive, aerospace, telecom and pharmaceutical industries, these hubs boast clean and safe facilities, and many of the manufacturing companies employ world class sophisticated and/or large-scale equipment in their processes and facilities.
Companies that can add value to wood products and have access to markets in place to sell the end products have good opportunities in this market.
The forestry industry in Canada is growing due to increased trade with, and demands from, China. As a result of recent disputes between Canada and the United States, Canada has developed new market channels, which are increasing the demand for softwood and specialty wood products. The industry has been slow to develop value-added wood products.
PNC's economists are predicting increases in 2017 and 2018. A new administration in Washington and political changes in Europe may also affect interest rates.
What does the future hold for interest rates? How will the new interest rate environment affect your borrowing strategies and how can you mitigate the risks? We asked Tina Hwang from PNC's Capital Markets group to weigh in.
As 2017 begins, stock and oil prices are moving higher and economic outlooks for 2017 are being revised.
Economic growth will be faster in 2017-2018 with assists from consumer spending, construction spending, business investment and Federal government spending, more than offsetting weakness in U.S. exports as the dollar continues to strengthen and growth outside the U.S. remains slow.
Long a trusted resource for financial institutions, SWIFT also supports corporate treasurers as they face expanding roles and shrinking resources.
SWIFT provides messaging standards that define a common means of structuring data for a broad range of financial purposes, from cash management and foreign exchange to trade finance. Additionally, SWIFT provides a highly secure proprietary communication platform and products such as SWIFT FileAct, which supports the exchange of bulk files between corporates and banks.
Stocks and bonds are expensive relative to history, growth remains sluggish, and corporate earnings have been unable to gather sustainable momentum.
We remain in a difficult market to forecast, particularly regarding the complex interactions between what we see as the weak fundamental backdrop and how current monetary policy might affect the dollar, interest rates, and investor risk preferences.
Some of the considerations for U.S. companies doing business in Canada and the industries with the most potential; manufacturing, agriculture, forestry, infrastructure and energy.
Although Canada offers opportunity in most industries, there are some that have unique and specific potential today. Similarities between industries across the border, foreign exchange advantages and simply the growth potential of each sector within Canada are among them.
As e-commerce moves towards 10% share of total retail sales, mobile commerce is expected to grow exponentially in the coming years.
Widespread consumer adoption of payment technologies can lead to demand in the commercial space. For these reasons, trends in consumer payment innovation can be early indicators for changes in commercial payments.
Do political trends influence interest rates during an election cycle?
Companies should be armed with a comprehensive risk management policy and exercise discipline in implementing their hedging strategy regardless of the political environment and market conditions. Prepare to implement your hedging strategy in a timely manner.
The controls that come with the latest commercial payment methods enable CFOs, controllers and program administrators to exercise greater control over payment systems and practices.
The potential benefits associated with strong controls can be significant in terms of cost savings and peace of mind. Conversely, failure to implement appropriate payment controls can subject an organization to unnecessary financial risk.
You can find relief by improving management of invoice processing through payment.
Invoice automation can help you optimize the use of employee resources, significantly decrease the cost of processing invoices, help you capture vendor discounts more reliably and increase scale within your back office.
It's clear that corporations and individuals need to understand the risks and opportunities as an uncertain situation evolves.
Britain's Brexit vote upended expectations with 51.9 % of voters backing the "leave" campaign versus 48.1% backing "remain." The result sent shock waves through the markets and created an unstable political environment in the United Kingdom in the weeks following.
Chart provides detailed information on Money Market Fund regulation considerations at a glance.
Intended to preserve the benefits of money market funds while increasing transparency and strengthening investor confidence, new regulations effective in October 2016 will require a re-evaluation of your cash management strategy.
The industry experienced increased fraud activity in advance of EMV with data breaches hitting high-profile brands.
Improve your awareness of Card-Not-Present (CNP) fraud with the adoption of EMV. Understand how PNC's fraud strategies and intelligent neural network can help prevent fraud while balancing risk with the cardholder experience. Understand how PNC's fraud strategies and intelligent neural network can help prevent fraud while balancing risk with the cardholder experience.
An overview of the decision and its major impacts now and in the future
Gain insight into the direct impact of Brexit on financial markets and its effect on the UK, Europe and other major economies.
If you are one of the growing number of companies doing business in China, recent moves to liberalize its currency can have substantial
bottom-line benefits for you.
Although U.S. companies have historically believed that negotiating international agreements in USD insulates them from exposure to currency volatility, it also puts them at a competitive disadvantage compared to companies that transact in local currency.
Around the world, the momentum behind the move to real-time payments (RTP) — or "Immediate Payments," as they're often termed — is unstoppable and growing.
The U.S. has been conspicuous in its absence from the list of countries embracing RTP. That's changing fast, with a surge of activity and initiatives under way to bring payments in the U.S. up to speed with the rest of the world. These moves involve a broad range of players, and an approach specifically geared to the unique needs and requirements of the U.S. market.
In September 2015, the 10-year swap spread turned negative, and today, all swap spreads with a tenor of 5 years and greater are negative.
Current negative swap spreads present an opportunity for market participants favoring fixed rate debt. The bank markets traditionally price over LIBOR, and the bond markets price over Treasuries. By electing to pay a fixed swap rate, a market participant enjoys the benefit of negative swap spreads through a lower swap rate paid for the life of the contract.
Learn how to better manage intercompany payments, reduce transaction costs and improve intracompany reconciliation.
Multinational corporations face many challenges in managing growth across multiple continents, currencies, and accounting systems. Treasury managers can facilitate cross-border settlements among affiliates, increase productivity and generate cost savings with a multilateral netting solution.
Companies must do their part in maintaining the integrity of the trade supply chain.
About 80 percent of illicit financial flows from developing countries are now channeled through trade-based money laundering (TBML), according to Global Financial Integrity (GFI), a research and advocacy organization.
There are several reasons that options should be a part of your risk management strategy. They provide protection, upside, flexibility and they can be customized to suit your needs.
Condensed from an Advisory Series Webinar, this presentation explains various types of options and the pros and cons of each. Options contracts function similar to insurance policies. They require an up front premium, offer you a form of protection and you're better off if you don't need to use them. Download Slides »
PNC Healthcare commissioned Shapiro+Raj to explore changes in the healthcare environment and their impact on providers, payers, and employers. Here are the findings of that study.
Millennials will shape the future of American healthcare. They seek change throughout the system. They embrace retail and acute care clinics. They take the most responsibility for their own healthcare. They spend more time researching online, finding providers and getting others' opinions and they will force much more change compared to Boomers and seniors.
The strength of the dollar, a favorable interest
rate environment and an abundance of cash on
hand may make this a good time for domestic
companies to invest outside the U.S.
Companies considering a cross-border merger or acquisition should evaluate the currency risk during the due-diligence stage of the deal to ensure that currency rate volatility does not adversely affect the target price.You can perform a "Value at Risk" analysis to quantify the currency risk between now and closing.
Canada's Office of the Superintendent of Financial Institutions has granted PNC Bank Canada Branch ("PNC Canada") a full-service branch license.
Canada is the United States' largest export market and the second largest source of imports after China. Companies doing business in Canada face a number of challenges as they deal with customs documentation and adapt their operations for sales tax accounting, procurement procedures and even packaging and labeling. PNC can help.
China has experienced strong growth and is now the largest exporter of manufactured goods and the second largest economy in the world.
Transacting in Chinese currency allows importers to realize cost savings and efficiencies, while allowing the invoice payment to be made in the exporters' native currency, thereby reducing their cost as well.
Foreign currency volatility has reduced earnings from both a transaction and translation perspective. Explore strategies for mitigating the currency impact on earnings and cash flow.
Find out how a strengthening dollar can create a headwind for companies doing business internationally. The recent spike in foreign currency volatility has taken a big bite out of earnings, from both a transaction and a translation perspective. This presentation helps explain these issues.
Exchange rate volatility exists between most currencies. By transacting in the local currency, companies are able to manage exchange rate risk, effectively reducing potential premiums.
Over the past two decades, the U.S. economy has become increasingly linked to global markets, both for sourcing and sales. Historically, U.S. companies tended to prefer to negotiate all international agreements in U.S. dollars. However, they may increasingly placed themselves at a competitive disadvantage by doing so.
As international business grows more important to U.S. companies, it's vital to recognize that import and export activities are heavily regulated by the U.S. Government.
If you are conducting international business, if you are engaging in new types of transactions, if you are doing business with new entities or in new geographic regions, you may receive questions from government entities or your financial institution. Everyone involved is responsible for compliance and could face penalties or fines for noncompliance.
In addition to expanded opportunity, international investing helps reduce portfolio risk through diversification. Allocations to non-U.S. stocks can reduce portfolio volatility.
International equity plays a critical role in a well-balanced portfolio. International stocks are a large and growing share of the global investment universe and offer investors the potential to capitalize on faster long-term growth trends abroad. There are also investment opportunities in industry segments that are dominated by non-U.S. companies.
Be prepared for unexpected interruptions.
Effective business planning takes to heart the old adage: expect the unexpected. Financial professionals spend a lot of time planning for the future, from both a strategic and operational perspective.
Your financial well-being, like your health, can benefit from regular checkups — but where to start? Here is a step-by-step plan to improve your financial fitness.
Pay yourself first. Create a budget. Pay down credit card debt. Prepare a personal net worth statement. Review your estate planning documents. Rebalance your investment portfolio. Review your insurance and your tax plan and seek guidance from a qualified wealth management professional to improve your financial wel being.
Currency markets are experiencing a significant amount of volatility. Hedging programs can help companies protect profits and cash flow.
While most companies start with hedging balance sheet exposures as they are more visible, more are now considering hedging forecasted exposures such as sales or expenses. Hedging anticipated cash flows depends on the company's ability to forecast reasonably accurately, although uncertainties can be managed by hedging a percentage of your anticipated exposure.
Companies of all sizes are increasingly looking for growth beyond borders. In order to succeed in the international marketplace, you need control and flexibility in your cash flow.
Multicurrency accounts, multibank reporting capabilities and multibank transfers should be available through a robust online portal that makes transactions easy, transparent and accurate. Introductions and support with international financial institutions and trading partners are also essential element of a successful international cash flow strategy.
Most businesses need both disaster planning and business resiliency strategies, but resilency can come into play almost every day.
Business resiliency plans ensure uninterrupted processing for essential functions. Most business interruptions fall into one or more of these 5 categories: hardware, facilities, network/telecom, software and people. With a strong business resiliency plan, you can be prepared and avoid the difficulties of recovery without one.
Our close relationship with Canada can make us forget that it offers unique business potential and may have customs, laws, rules and regulations that require attention and insight
Whether you have subsidiaries, operations or sales offices in both Canada and the United States -- or are planning an expansion north of the border -- you will need help from your financial institution in managing payables, receivables and currency issues and arranging credit and treasury management services.
Doing business with Brazil, Russia, India, China and South Africa can be challenging for companies accustomed to the certainties of mainstream currencies.
Although the BRICS proactively promote international business, their governments remain concerned that any sudden inflow or outflow of money could de-stabilize their economies. As a result, they have implemented restrictions on international transactions. Trade and capital payments are regulated and certain hedging practices are prohibited.
Business owners and corporate treasurers are reviewing their projections for funded debt levels over the next several years to manage their mix of fixed and floating rate debt.
A hedging solution called the yield curve efficient interest rate swap closely follows the expected future path of interest rates. The frequency and timing of the increases can be tailored to meet specific cash flow needs.
Many companies that had previously elected to hedge with an interest rate swap will be faced with early termination or make whole of their current interest rate swap.
In the face of moderate economic growth in the United States and overseas, short and long-term interest rates remain at historically low levels. There are many flexible and creative hedging solutions available. You should review the expected duration of your debt portfolio and consult with your capital markets profession to discuss your options.
Canada is a vitally important market for U.S. companies. The United States sells more goods to Canada than to all 27 countries of the European Union combined.
The ease and longevity of our relationship with Canada can make us forget that the enormous territory to the north is not just an extension of the United States. Like any other global market, Canada has its own customs, laws, rules, and regulations that require just as much attention and insight as those of our more distant trading partners.
When you contemplate the sale of your business, market timing, economic considerations, competitive trends, tax strategies and future capital requirements should be taken into account.
Merger and acquisition ("M&A") transactions can raise a series of important considerations that significantly impact business owners. When is the right time for an M&A transaction? What steps are required? When selling a company, how can business owners achieve liquidity and maximize value while still looking after the best interests of their company?
More and more U.S. companies are engaging with vibrant emerging markets.Smart hedging strategies can help you reduce the risks of doing business there.
Manufacturing capacity, raw materials, labor and even technology make emerging markets attractive destinations for international expansion. At the same time, doing business with countries like Brazil, Russia, India, China and South Africa can be a challenge for companies accustomed to the certainties of mainstream currencies.
Companies need to define a risk management objective. What are you trying to hedge and why? Every company has different metrics that should be incorporated into their hedging decisions.
Companies buying, selling or capitalizing a foreign business often overlook currency risks. including impacts on valuation, financial statements, and capitalization. Get specific, actionable information on currency risk management, including pre-close exposure/hedging, managing the currency impact of capitalization decisions and financial statement impacts.
The wrong strategy, the wrong partner and poor management can knock you off track in China. Learn about challenges in the operating environment.
Often companies initially focus their strategy for China on the basic how to's: How do I start a company? How do I find an agent? How do I open a bank account? These are important questions. But these are not the issues that can inhibit your success in China.
Biases are the basis for cognitive and emotional errors when we apply them in financial markets and they often result in financial losses.
Humans have an amazing capacity for reasoning, memory, action, feelings and emotions. But capacity alone does not ensure that we will develop the proper biases to employ every day in predictive scenarios. In some cases, these biases come hardwired in our brains and work against us when it comes to predicting market movements.
Initiating or expanding your international business presence is key to growth. The right resources can improve your chances for success while mitigating risk.
The rewards of doing business internationally have never been greater. And it's never been more important for businesses of all sizes to understand how to take advantage of the opportunities and mitigate the risks presented by global commerce. Here are some winning strategies to help you participate in the growth of international trade.
Smart managers are sweetening their employee benefits package with additional perks to help their company stay competitive in the market for good employees.
Essentially, a workplace banking program is a package of discounted financial services and special benefits your company can offer to employees as part of your overall benefits package. Typically, there is no cost to participate, only rewards for both your company and your employees.
Credit is available with competitive terms for companies that see their bank as a vital resource. Here are tips for keeping an open relationship with your banker.
Imagine that you run a mid-size company with deep ties to an industry challenged by economic conditions. After decades of success, growth has stalled -- and your income statement is beginning to show it. Open communication with your banker puts everyone in a better position to structure and negotiate the right credit solutions for the challenges at hand.


text: Giant's latest EnergyPak battery systems feature streamlined designs that are integrated with the E-bike for a sleek and modern profile. Giant E-bikes offer several different EnergyPak options including the Downtube EnergyPak, Side-Release EnergyPak, Top-Pull EnergyPak and Carrier EnergyPak. Each one is designed to optimize the E-bike experience for a specific style of riding.

subset: commoncrawl


text: The Project This project was undertaken to advance best practices for addressing the impact of science and management uncertainty on fisheries management systems. The project engaged a panel of experts (the Panel) and the work was facilitated through the examination of a series of case studies. The project used structured approaches to assessing how uncertainty is evaluated, reduced, and managed for in fisheries science and management. The Panel focused on science and management approaches separately, but also probed the implications of work that takes place at the interface of these two fields. The Process Download the Report The National Aquarium convened three workshops from January through June 2014 in which the Panel considered various issues surrounding uncertainty in fisheries science and management, refined the focus of this project, and evaluated current approaches to uncertainty. At these meetings, Panel members gained firsthand knowledge from Council members and scientists. The Panel reviewed approaches being used to evaluate, reduce, manage for and communicate uncertainty in fisheries around the world. The Panel also explored innovative approaches that could be developed to be consistent with the current legislative and regulatory framework for U.S. fisheries management. Each workshop concluded with deliberations about critical issues. The Panel identified relevant fisheries case studies, reviewed the current state of uncertainty consideration and discussed approaches to bridge the science/management continuum. Based on these deliberations and through consideration of specific fishery examples, the Panel developed its findings and recommendations. Summary of Main Topics Identifying Uncertainty Better educate and inform stakeholders, managers, scientists and policy-makers concerning the nature, scope and management implications of uncertainty, and enhance communication at the science-policy interface. Better define the roles of various participants in the management process. Reducing Uncertainty Expand and support efforts to reduce uncertainty wherever possible through strategic investments in fisheries dependent and fisheries-independent data, improved modeling and assessment. Regularly evaluate and communicate the limits to—and costs and benefits of—reducing uncertainty. Managing Fisheries in the Context of Environmental Change Develop new tools to better understand, communicate, reduce and account for uncertainties, particularly those due to ecosystem changes. Place increased emphasis on broader ecosystem trends and their effects on fisheries science and management decisions. Managing Risk Develop and test existing and new methods that prioritize management responses to uncertainty, including Management Strategy Evaluation. Prioritize the use of adaptive management techniques that allow for more regular interaction among scientists, managers and stakeholders to adjust to changes in understanding of fisheries conditions. Incorporate considerations of risk (likelihood and severity of consequences) into management actions and explicitly communicate those risks. Back to the Top


text:
Michael Ignatieff: Someone To Take Seriously
At our best, we are that kind of people.
. . .Today, we are concerned about our soldiers in Afghanistan. So we should be. But service in Afghanistan is in the best traditions of our people. From Vimy Ridge to Juneau Beach, from Rwanda to Bosnia, we have earned our place in the world of nations by service and sacrifice.
I've been to Afghanistan, once when the Taliban were in power and once since then. I've got faith in the Afghans who are pushing their country out of the ditch. It's good that Canadians are putting their shoulders to the wheel to help them. . .
I saw it clearly in eastern Croatia in 1992. I had just crossed a UN check point and had been taken prisoner by a half a dozen armed men high on alcohol and ethnic nationalism. A young UN peacekeeper arrived, as I was being bundled away. He cocked his M 16 and said, 'We'll do this my way.'
And they did.
That young soldier was from Moncton, New Brunswick.
I saw my country clearly watching a policewoman escort frightened families to and fro across a mined no-man's land in another part of Yugoslavia. When I asked her why she was doing dangerous work in a foreign country she said, with a smile, 'It beats writing traffic tickets in Saskatoon.'
. . .So this is my Canada and these are my Canadians. We are serious people. I've tried to be a serious person. Being serious means sticking to your convictions. I went to Iraq in 1992 and saw what Saddam Hussein had done to the Kurds and the Shia. I decided then and there that I'd stand with them whatever happened. I've stuck with them ever since. Whatever mistakes the Americans have made, one day Iraqis will create a decent society. When that day comes, Canadians should be there to help because their struggle is ours, too.
. . . In understanding Canada's place in the world, we need to think of ourselves not just as defenders of our own sovereignty, but as stewards of the global commons.
From 'the responsibility to protect' to 'human security', Canada has been a leader in putting good ideas into circulation and then getting them accepted into practice. Without us, there wouldn't be an International Criminal Court, and without us, no Land Mines Ban. . .
And that's just Iggy the Internationalist. You should read the nationalist bits, and the federalist bits, and the serious environmentalist bits. Say whatever you like, but there are three things no one can deny from reading the text of Ignatieff's speech in Ottawa last night.
First, the Liberal Party has had no one of this calibre in a generation.
Second, in any debate, anytime, anyplace, Ignatieff would eat Stephen Harper alive.
Third, against any claim Jack Layton's New Democrats might make upon a bold and progressive vision for Canada, what Ignatieff has just said is this:
I see you. And I raise you.


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True Grace
Husband and wife team, Phillippa and Roger, have been making fine candles since 1991, manufacturing bespoke candles for the likes of Calvin Klein, House of Fraser and Molton Brown. In 2003 they launched the True Grace brand, with an emphasis on quality and tradition, all of their products are handmade in the factory in Wiltshire, England. They have developed a special formulation of clean burning 100% natural wax to burn with a lack of carbon emission and perfume beautifully making it environmentally friendly as well as sophisticated and stylish.
True Grace capture the essence of England with scents that trigger memorable moments with a sense of romance and wonder. Evoking the essence of England with the Village range inspired by 'village life' harmony, honesty and integrity; paralleled with the Manor range which gives glamour and alluring faded grandeur. The range of fragrances combined with the elegant and beautiful packaging are sold worldwide and are proving very popular with an ever growing dedicated clientele.
Each candle produces a wonderful fragrance due to their 10% scent content– one of the highest in any candle on the market – and has an impressive burning time of 40 hours. As pioneers of this unique natural wax blend, which not only acts as an excellent purveyor of fragrance but also its "clean burn" and lack of carbon emission, ARCO's true Grace fragranced candles contain not paraffin, soy or palm oil, True Grace candles are a truly 21st generation environmentally friendly product.
True Grace reed diffusers are an interesting alternative to the scented candles described. Containing a special blend of fragrance oil and natural ingredients, and presented in an elegant glass jar, these diffusers can maintain constant fragrancing for up to 12 weeks.
True Grace
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Miele Active AirClean Vacuum Filter SFAA30
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Earn 5% Back in rewards4 plus free standard shipping3every day when you shop with your Williams Sonoma credit card at Williams Sonoma.Apply Now Learn More
- Summary
Miele's state-of-the-art filter contains an active charcoal cassette that absorbs odors from your vacuum cleaner's dust bag—especially useful if you have pets. Made in Germany, the filter captures and retains nearly all allergens and lung-damaging particles, down to a minuscule 0.1 micron. The convenient TimeStrip lets you know when it's time for a new filter.
- For use with the Miele S300-S600, S2 canister and S7 series vacuum cleaners.
- Fits our Miele Upright Models: Bolero, Pirouette, Swing, Tango, Twist.
- Retains 99.95% of particles and allergens, down to 0.1 micron.
- Activated charcoal helps neutralize odors, including those from household pets.
- Tightly sealed system keeps particles from recirculating.
- Use filter with the Miele Cat & Dog Upright Vacuum.
- Dimensions & More Info
- This product is intended for use in the United States and Canada and is built to United States electrical standards.
- Made in Germany.
- Use & Care
- Replace after 50 hours of vacuum use, or about once a year.
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If within 30 days, you are dissatisfied for any reason, you may return your purchase for a refund of the merchandise value. An original receipt or gift receipt is required for all returns and exchanges. Returns with a gift receipt will be refunded in the form of a Merchandise Credit for the amount indicated on the gift receipt. Returns with original receipt will be refunded in the original form of payment, cash and check refunds over $100 will be issued as a company check (may take 14 business days from time of request).
For all cutlery returns (knife sets, single knives, cutting boards, knife sharpeners, and knife storage) please contact us at 888.922.4108 to initiate the return.
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The Proteas, who have not lost an away test series since 2006, won their second consecutive series in Australia after their victory in the third test in Perth. They have a rating of 123 in the test rankings, with England in second place on 117.
South Africa take on New Zealand in a two-test home series in January and Smith said the tests would provide the Proteas the opportunity to build on the momentum from Australia.
"We are enjoying the opportunity to be here. We have worked hard to be here and we knew that Australia would be the big stepping stone for us holding onto number one (ranking)," Smith told a news conference.
"We have given ourselves the opportunity for our home summer to create a bit of a gap between us and the other teams. It is an opportunity to build something really special. The motivation for us will be to beat New Zealand first up," he added.
South Africa's success in the test arena has led to some calling the current Proteas team the best ever, but coach Gary Kirsten was quick to play down such suggestions.
"It is a very special achievement for the Proteas and South African cricket. I don't think that what this team has achieved, over a long period, should be taken lightly," said Kirsten.
"It has been nothing short of remarkable. We have played 10 test matches this year, nine away from home, and won series in England and Australia.
"But it is always difficult to compare (different eras). In terms of this team's achievements there is no doubt that they are up there but I think that the players would be reluctant to compare with different eras."
South Africa, who became the first team to win consecutive series in Australia since West Indies in 1992/93, had found success due to a growing maturity in the squad, Smith said.
"Having players that are able to perform around the world is a key factor and our understanding of how to be successful away from home."When you go to another country you have to figure out how do we win here, how do we deal with the pressures of performing in front of someone else's media and crowds and handing everything that comes with that." (Reuters)


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Moderate Sedation
(Conscious Sedation; Monitored Anesthesia Care; MAC; Sedation, Conscious; Sedation, Moderate)
by Rebecca J. Stahl, MA
Moderate sedation is used during surgery. It will put you in a comfortable, sleepy, and pain-free state. Moderate sedation is different from general anesthesia because it does not require breathing support. It will also be easy to arouse you, so you can respond to questions or commands during surgery.
Reasons for Procedure
Moderate sedation can be used for a range of procedures. If your overall health is poor, your doctor may recommend this type of sedation instead of general anesthesia.
The potential benefits include:
Also, moderate sedation does not require you to be connected to a ventilator.
Possible Complications
Problems from the procedure are rare, but all procedures have some risk. Your doctor will review potential problems, like:
Factors that may increase the risk of problems include:
What to Expect
Prior to Procedure
You will meet with an anesthesiologist who will evaluate you and ask about:
You may be instructed to:
Description of Procedure
The anesthetic drugs and other medications will be delivered by an IV in your arm. The doctor may also use local anesthesia at the surgery site.
You will be carefully monitored during the surgery. Your medications may need to be adjusted to keep a certain level of sedation. The goal will be to make sure you are comfortable and pain-free.
Your sedation may be increased so that you are fully asleep. If this is the case, a ventilator will be used to support your breathing.
Immediately After Procedure
The hospital staff will monitor your vital signs.
How Much Will It Hurt?
You will not have any pain during the surgery.
Average Hospital Stay
The length of your stay will depend on the reason you had surgery. You may be able to go home the same day as the procedure. However, you may need to stay a few nights.
Post-procedure Care
If you are discharged on the same day as the surgery, do not drive or operate machinery. The medications can affect your mental and physical abilities.
Call Your Doctor
It is important to monitor your recovery. Alert your doctor to any problems. If any of the following occur, call your doctor:
If you think you have an emergency, call for emergency medical services right away.
American Association of Nurse Anesthetists
American Society of Anesthesiologists
Canadian Anesthesiologists' Society
Health Canada
https://www. canada.ca
Bayman E, Dexter F, Laur JJ, Wachtel RE. National incidence of use of monitored anesthesia care. Anesth Analg. 2011;113(1):165-169.
Furstein J, Patel M, Sadhasivasa S, Mahmoud M. Use of dexmedetomidine for monitored anesthesia care for diskography in adolescents. AANA Journal. 2011;79(5):421-425.
Ghisi D, Fanelli A, Tosi M, Nuzzi M, Fanelli G. Monitored anesthesia care. Minerva Anestesiol. 2005;71(9):533-538.
Moderate (conscious) sedation FAQ. American College of Emergency Physicians website. Available at: https://www.acep.org/content.aspx?id=30480#sm.0001fpfenu1dere2buhdwbfpp4x8i. Updated May 26, 2015. Accessed October 2, 2017.
Monitored anesthesia care. Northeastern Anesthesia Services website. Available at: https://www.northeasternanesthesia.com/youranasthesia/care.php. Accessed October 2, 2017.
Patient education brochures. American Society of Anesthesiologists website. Available at:
...(Click grey area to select URL)
Accessed October 2, 2017.
Thompson K. Chapter 47: Monitored anesthesia care. University of North Carolina at Chapel Hill website. Available at:
...(Click grey area to select URL)
Accessed August 20, 2014.
Last reviewed September 2018 by EBSCO Medical Review Board Marcin Chwistek, MD
Last Updated: 8/20/2014
EBSCO Information Services is fully accredited by URAC. URAC is an independent, nonprofit health care accrediting organization dedicated to promoting health care quality through accreditation, certification and commendation.
This content is reviewed regularly and is updated when new and relevant evidence is made available. This information is neither intended nor implied to be a substitute for professional medical advice. Always seek the advice of your physician or other qualified health provider prior to starting any new treatment or with questions regarding a medical condition.
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If you think racism, as indicated by things like the 1994 O. J. Simpson trial, the 1992 race riots in Los Angeles, or the existence of the white supremacist group the Ku Klux Klan in America is something new, think again.
Racism existed before and during the lifetime of the Prophet Muhammad (peace and blessings be upon him), during the time of the Companions, and they devised strategies to combat it.
Here are some examples from the Muslims' past and present that testify to the dynamics of Islamic egalitarianism.
Who will enter the Kaba first with the Prophet (Year 629)
Ponder this: when the Muslims conquered Makkah, victorious after years of persecution, then war with the non-believing Quraysh, the Prophet went straight to the Kaba.
This was the height of the victory of Islam. He brought some other Muslims with him. He could have chosen only Muslims from the Quraysh, people of his own ethnic and tribal background. He also could have chosen only Arabs or only those of the old noble classes.
But two of the people who entered the Kaba with the Prophet were Bilal ibn Rabah and Zaid ibn Haritha. Bilal, an African and a former slave. Zaid was also not of high status from the tribal Quraysh point of view. Then entered a Qurayshi, Abdullah bin Omar, may Allah be pleased with all of them.
On this day of victory, success and happiness was for all Muslims, no matter who they were or where they come from.
This black man is our leader (Year 634)
When the Muslims conquered Egypt at the time when Omar ibn al Khattab (may Allah be pleased with him) was Khalifa, a Muslim leader who happened to be a black man named Ubaydah ibn Thamit, took a party of the Muslims to meet Muqawqis, the Christian leader of Egypt.
When the Muslims came to Muqawqis, with Ubaydah in the lead, Muqawqis was frightened by the color of his skin.
'Get this black man away from me and bring someone else,' he demanded. The Muslims refused. They insisted that Ubaydah was the best among them and was their leader who they obeyed and whose judgment they deferred to. They told Muqawqis that the color of a person does not matter to them. Finally Muqawqis had no choice but talk to the leader of that Muslim delegation.
These Muslims were practicing an Islamic principle that individual character is the base of preference not color of skin.
The Conquests of Jerusalem - a Study in Contrasts
Jerusalem and its surrounding territory were and remain holy to Muslims, Christians and Jews. It was during the Caliphate of Omar ibn al-Khattab (634-635) that Muslims first gained leadership of this territory. May Allah be pleased with him.
The Muslim reaction to this victory is something to remember.
Omar entered Jerusalem in humility. He walked in with not he, the Caliph, but his servent comfortably riding on a camel. They had been taking turns walking and riding.
At one point, the Christians asked him to pray in their church but he declined. He refused saying that he is afraid that in the future Muslims could use it as an excuse to take over the Church for building a Masjid.
The Christians gave the key of the Church of Resurrection to Muslims to be responsible for its safety. This key is still with the Muslims today.
In contrast, during the Crusades (1095 until 1291) European Christians attacked and occupied this holy land. They oppressed the Muslims, the local Christians and the Jews. These Crusaders killed over 200,000 innocent civilians.
It was in response to this horrific oppression and the need to free the area of Crusader control that Sultan Salah el Deen Ayyubi (Saladin) liberated Jerusalem from them in 1187.
His arrival brought relief for the local Christian population, who helped him, after the oppression they suffered at the hands of their co-religionists, the Crusaders.
Not only did Salah el Deen treat the Crusaders with kindness, and ensured that Muslim and non-Muslims live in peace and harmony with each other.
One particular story about him recounts that some Muslim soldiers were besieging a Christian fortress. Many Christians were seeking shelter inside, including a young couple who was planning to get married, but whose plans had been stopped by the fighting. They decided to get married anyway, even though they were trapped inside the castle.
Salah el Deen was in charge of the Muslim troops at this time. When he heard about the wedding, he ordered his soldiers not to attack the castle where the couple was staying, so that they could enjoy peace and quiet. In return for this respect, the bride's mother sent out trays of food, so Salah el Deen and the Muslim army could share in the wedding celebrations.
Indeed the best period of peace and justice for all in Jerusalem has been the period when Muslim were in control.
Muslim Spain versus Christian Spain: Civilization versus Inquisition
Many Muslims look back at Muslim Spain with pride. But few people know that Jews also call it their "golden era".
Spain became part of the Islamic world at the beginning of the eighth century. Under Muslims Spain became the center of civilization. Although many local Spaniards embraced Islam, Christians and Jews were free in all aspects of their lives. The Muslims respected their religion and institutions. The result was the birth of the first true cosmopolitan culture in the West.
Christians studied alongside Muslim scholars to such a degree that in 854, a Christian named Alvaro of Cordoba complained that these students were forgetting their own religion and culture.
Muslims and Christians of Spain did not live in their ghettos, isolated and not cooperating in various aspects of daily life together.
One manifestation of this cooperation can be found inside the Great Mosque at Cordoba.
Skilled Christian craftsmen, who were trained in Constantinople (which is the city of Istanbul in Turkey today), made beautiful mosaic panels for the walls of the mosque. The Christians worked along with the Muslims to decorate the interior of the mosque with colors and design.
Cordoba was not just the pride of the Muslim world though. The city under Muslim rule was famous throughout Europe.
One Christian nun named Hrosvitha who lived in the 10th century described Cordoba from her home in Germany as the 'jewel of the world-a city well-cultured, rich... abounding in knowledge.'
It's not surprising that Hrosvitha described the city in this way. Muslim Spain was the center of science and arts. Muslims and Jewish authors wrote many important treatises about science in Arabic. Many ancient Greek texts also survived because Muslims translated them into Arabic.
For example, Aristotle's works on physics and natural history were translated into Arabic from Greek in Muslim Spain. Historians generally acknowledge that the Muslim world proved to be a major conduit of ancient scholarship into the West, especially through Muslim Spain.
It wasn't just Muslims and Christians who thrived in Spain, though. Jews, who were reviled and hated elsewhere, were not only living safely and peacefully alongside non-Jews in Muslim Spain, they were learning and contributing to its culture and knowledge which Muslim scholars had established.
One instance of this is the famous Spanish Jewish scholar, Moses Maimonides (1135-1204) who wrote in Arabic as well as Hebrew.
But this success in wealth, knowledge and co-existence came to end in a violent and very sad way.
As Christian Crusaders of Spain expelled Muslims, civilization that took centuries to build was destroyed. Muslims and Jews were either expelled or forced to convert to Christianity. Millions died as tolerance was replaced by the Inquisition. A suspected Muslim was to be killed for the smallest act resembling Islamic tradition - such as taking a bath on Friday.
Muslims in Bosnia: The Multi ethnic ideals versus racio-nationalism of Serbs (1992-95)
Bosnia is another bright example of Islamic, non-racial egalitarianism and tolerance in Europe. Bosnia today stands as an example of the principle of a multi ethnic society which refused to submit to the racial ideals and attacks of Serb nationalism.
Islam came to Bosnia in 1463 under Ottoman Turks. During Ottoman rule, many Bosnians embraced Islam. Bosnia remained under Ottoman rule until 1878, when it was given to Austria-Hungary as a colony.
While those living in Bosnia enjoyed the benefits of the Austro-Hungarian Empire, South Slavs in Serbia and elsewhere were calling for a South Slav state. World War I began when Serb nationalist Gavrilo Princip assassinated the Archduke Ferdinand in Sarajevo. After the war, Bosnia became part of the South Slav state of Yugoslavia.
It was given to Croatia in World War II and during the Cold War the Communist Federal Republic of Yugoslavia was established under Josef Tito. Bosnia was reestablished as a republic with its medieval borders.
Yugoslavia's unraveling was hastened by the rise of Slobodan Milosevic to power in 1986. Milosevic's embrace of the Serb nationalist agenda led to intrastate ethnic strife. Slovenia and Croatia both declared independence in 1991, and Bosnia-Herzegovina soon followed.
In February 1992, the Bosnian Government held a referendum on independence for all people living in Bosnia. Bosnian Serbs, supported by neighboring Serbia, responded with armed resistance aiming to partition the republic along ethnic lines in an attempt to create a "greater Serbia."
In April 1992, Bosnia and Herzegovina was the most ethnically diverse of the Yugoslav republics, According to a Yugoslavian census in 1991, Bosnia was 43.7% Muslim, 31.4% Serbian, and 17.3% Croatian.
The Bosnians resisted the genocidal Serb attacks despite the arms embargo, through most of 1995, ending with the Dayton Accord, signed on November 21, 1995 which retains the multiethnic ideals which Bosnians cherished. However, because of the way Dayton accord is designed, this freedom is more a nightmare than a dream come true.
This was the worst case of genocide in Europe since World War II. 250,000 people were killed and 2 million people became homeless resisting the Serb's nationalism and racism to cherish the ideals that all human being can live together. This was a principled defense lead by Dr. Alija Ali Izetbegovich.
These are just a few examples from Muslim history, which are closer to the Islamic ideals of all humanity being one. This is by no means a claim that all Muslims have always behaved in the most ideal way. Muslims like other human beings are fully capable of falling short in their practice of these ideals. One can come up with a whole set of examples in which tribalism and nationalism have resulted in an unIslamic behavior among Muslims. Muslims as a whole have never condoned or embraced the personal behavior or ideologies which are based on color or race. Islamic ideals continue to challenge racial and national ideologies by inspiring Muslims to emulate the model of the Prophet, may Allah's peace and blessings be upon him.
Photo Attribution: "Jerusalem Dome of the rock BW 14" by Berthold Werner - Own work. Licensed under Public domain via Wikimedia Commons - http://commons.wikimedia.org/wiki/File:Jerusalem_Dome_of_the_rock_BW_14.JPG#mediaviewer/File:Jerusalem_Dome_of_the_rock_BW_14.JPG
Excellent Article, Jazakallahukhair
Extremely informative. Please I want to email this to others but how?
Very good report on how integration should work in the world. As it happend before.But lets not forget that natioanlism is also necessary for survival of a nation. Nationalism not racism. On the other hand conquerors/immigrants should abstain of spreading their ideology.


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Departments & Programs
Undergraduate Studies
Now in the second half of its first century, Stern College for Women has developed a broad set of educational programs, internship and research opportunities as well as cultural enrichment programs to develop the talent of individual students like you. Our rigorous curricula, spanning a wide range of disciplines in Jewish studies, the humanities, sciences and social sciences, prepare you for careers, graduate study and leadership and to both contribute to society and take on the challenges of tomorrow.
Additionally, we offer combined and joint programs in disciplines including engineering, dentistry, optometry, Jewish studies and social work in conjunction with the University's graduate schools and other leading universities.
Undergraduate Jewish Studies
Yeshiva University attracts women who want to develop their entire being—whose idea of success includes professional fulfillment, strong family and rich spiritual life.
Stern College for Women's Rebecca Ivry Department of Jewish Studies offers the country's largest and most diverse undergraduate Jewish studies program for women. Designed to expose students to the beauty of Torah study and the depth of Jewish tradition, the program offers valuable training in rigorous thought, exposure to research methods and opportunities for independent work. It empowers them to become dynamic participants in Jewish life and to pursue careers in Jewish education.
The Mechinah Pathways Program within the Rebecca Ivry Department of Jewish Studies is designed for students new to Hebrew language and textual study, who aspire to attain a broad-based Jewish philosophical and text-based education.
Combined and Joint Programs
In conjunction with Yeshiva University's graduate schools and other leading universities, Stern College offers you the opportunity to earn a combined or joint degree in disciplines ranging from business administration and social work to Jewish education and Jewish studies. This wealth of programs affords you educational experiences that would not be possible within the bounds of single disciplines.
Graduate Program
Stern College for Women offers a unique and challenging Graduate Program of Advanced Talmudic Studies, which leads to a master's degree in biblical and Talmudic interpretation. It is open to students with extensive backgrounds in advanced Jewish studies.


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In Wednesday's practice, Florek practiced on the third line in the left wing spot usually occupied by Chris Kelly, next to center Carl Soderberg and Loui Eriksson.
WILMINGTON — Justin Florek has a different way to relax than most hockey players. Growing up on the shores of Lake Superior in Marquette, Mich., the 23-year-old winger is just as comfortable with a fishing rod in his hands as he is with a hockey stick.
"It's something I love doing all summer," Florek said. "It's great being on the East Coast with all the water and everything. … It's something I like to do to relax. Some guys like golf, but fishing is kind of my thing to relax."
Florek may have plenty to think about the next time he casts a reel. He may make his Stanley Cup playoffs debut Friday when the Bruins host the Red Wings in their playoff opener.
The Bruins are currently down two bottom-six forwards. Chris Kelly has been out for over a week with a back injury. Daniel Paille was knocked out of Saturday's game and his head injury has kept him off the ice since. If one can't play, Jordan Caron can slide into the lineup; if both are out, Florek's services will be needed.
Florek scored 19 goals and 19 assists as a second-year pro with Providence in the AHL season. He was called up twice to Boston, for a three-game stint in January and then to fill out the roster for Sunday's season finale at New Jersey. In those three games in January, Florek registered two points, including his first career goal Jan. 9 at Los Angeles.
"You know it's huge, to have that confidence out there and know you can play and make a positive impact," Florek said. "That's my goal, so just being familiar with everyone and having the chemistry is huge. And just being here and practicing, I'm feeling it more and more. I feel really good. If I get the chance to play against Detroit, I'll be ready."
Florek has a man's body already at 6-foot-4 and 199 pounds. He impressed Boston management with his solid defense and willingness to work in dirty areas. In his NHL debut Jan. 6 against Winnipeg, Florek moved into park in the crease and screened Jets goalie Ondrej Pavelec to allow Torey Krug to score from the point.
In Wednesday's practice, Florek practiced on the third line in the left wing spot usually occupied by Kelly, next to center Carl Soderberg and Loui Eriksson.
"I've liked the way he's played when he was with us," coach Claude Julien said. "I remember [vs.] Winnipeg, he did a great job of working hard down low, got to the front of the net and we scored a goal from a great shot from the point with a good screen. And he was a big body against Jersey. You can tell he can battle along the walls, he's a decent skater, a decent playmaker. … I haven't seen him as much as the [management] people above me have, but they feel that he's right now the guy that can be here to help us if we don't have some of our guys back."
Marquette is on the Upper Peninsula of Michigan, about a seven-hour drive north of Detroit, so Florek wasn't much of a Red Wings fan growing up (he did say he prefers the Packers to the Lions). Should he still be in the lineup when the series shifts to Detroit next week, Florek's parents would likely make the drive down.
Florek and Providence teammate Andrew Cherniwchan were excited when trout season in Rhode Island opened last weekend. They even caught a couple trout on their first trip. Florek may be a little busy for any more fishing soon.
"The biggest thing for guys like myself is being ready to play," Florek said. "Every day, no matter where I am, whether I'm in Providence or Boston, I got to be ready to play and make a positive impact."
Follow @DanCagen


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Lee Young Ae fights an uphill battle everyday in her quest for respect, dignity and true love. She is, by Korean standards, fat and unattractive, and as a result gets pushed around and overworked at her job by her coworkers and boss. But the spirited and gutsy Young Ae tries to push back, and tries to prove that big girls deserve respect and love just as much as everyone else. You'll laugh with her, cry with her and cheer for Young Ae in this hilarious and heart-warming comedy series.
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text: Something song Something in the way she moves Attracts me like no other lover, Something in the way she woos me. I don't want to leave her now, You know I believe and how. Somewhere in her smile she knows That I don't need no other lover. Something in her style that shows me. I don't want to leave her now, You know I believe and how. You're asking me will my love grow, I don't know, I don't know. You stick around now it may show, I don't know, I don't know. Something in the way she knows And all I have to do is think of her, Something in the things she shows me. I don't want to leave her now, You know I believe and how. "Something" Single by The Beatles from the album Abbey Road A-side "Come Together" Released 6 October 1969 (US) 31 October 1969 (UK) Format 7" Recorded 25 February, 16 April, 2 May, 15 August 1969EMI Studios, London Genre Rock, pop Length 2:59 Label Apple Writer(s) George Harrison Producer George Martin Certification 2x Platinum (RIAA) The Beatles singles chronology "The Ballad of John and Yoko" (1969) "Something" / "Come Together" (1969) "Let It Be" (1970) Abbey Road track listing 17 tracks Side one "Come Together" "Something" "Maxwell's Silver Hammer" "Oh! Darling" "Octopus's Garden" "I Want You (She's So Heavy)" Side two "Here Comes the Sun" "Because" "You Never Give Me Your Money" "Sun King" "Mean Mr. Mustard" "Polythene Pam" "She Came In Through the Bathroom Window" "Golden Slumbers" "Carry That Weight" "The End" "Her Majesty" B-side, in custom Apple Records sleeve "Something" is a song by the Beatles, featured on their 1969 album Abbey Road. It was released that same year as a double A-sided single with another track from the album, "Come Together". "Something" was the first Beatles song written by lead guitarist George Harrison to appear as an A-side, and the only song written by him to top the US charts while he was in the band. The single was also one of the first Beatles singles to contain tracks already available on an LP album. John Lennon and Paul McCartney, the band's principal songwriters, both praised "Something" as one of the best songs Harrison had written, or that the group had to offer. As well as critical acclaim, the single achieved commercial success, topping the Billboard charts in the United States and making the top five in the United Kingdom. The song has been covered by over 150 artists, making it the second-most covered Beatles song after "Yesterday". Artists who have covered the song include Elvis Presley, Frank Sinatra, Ray Charles, James Brown, Shirley Bassey, Tony Bennett, Ike & Tina Turner, the Miracles, Eric Clapton, Joe Cocker, Isaac Hayes, Julio Iglesias, Mina and Phish. Harrison is quoted as saying that his favourite version of the song was James Brown's, which he kept in his personal jukebox. Please note the text from Wikipedia is imported without editing or authentication. Something (Abbey) Something (The Beatles 1967-1970) Something (Anthology 3) Something (1) Something / Blue Jay Way [Transition] (Love)


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Occupation: Although I am now retired, I was a commercial photographer specializing in architecture and product illustration.
I also taught college level product illustration and design.
Collection Interests: Over the years I have collected leaf books, photography , prints, miniature books and bookplates. My main bookplate interests are E.D. French and California plates.I have 250 of the approx.300 bookplates that E.D. French produced , leaving me working on the remaining plates that are proving to be scarce or impossible to find. My California collection fills three fat albums and continues to grow. I also collect in other categories including plates illustrating reading and books, the personal plates of Irene Andrews Pace, pictorial plates by W.P.B. and well-known people.
I currently have in-press, a miniature book about the Estelle Dohney leather bookplate. It is being printed letterpress by the Ascensius Press and bound by Gray Parrot. The book will include a short essay about the plate and each volume will have an original Doheny plate tipped in.
Click on image to enlarge.
Last year I held a bizarre bookplate contest which generated quite a few entries. I was unable to think of something different until I spotted this shoulder tattoo.
This years contest is very simple. Send me the word(s) that you think should be on the blank line of the shoulder tattoo
Your entry can be clever,witty, profound , inspiring etc , one word or many.
The judges (Mary and I ) will select a winner when the contest ends on March 2nd.
The winner will receive an engraved bookplate by Frederick Spenceley for President William Howard Taft.
All the collector profiles received so far have been from collectors here in the states. If you are in Europe, Asia, South America ,Australia or somewhere else send me a paragraph or two about yourself and your collection . I may edit it somewhat and send the revisions to you for approval.


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Houston Wealth Management
Houston Wealth Management (CRD# 168715) is a financial advisory firm headquartered in Houston, TX. They manage $4,968,766 in 21 accounts and serve the financial needs of clients across 1 states (or territories).
Current Firm Details
By the Numbers
Total Assets Under Management5MILLION
Total Number of Accounts21ACCOUNTS
Average Account Value$236,608
Compensation Options
- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)
Advisory Services Offered
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Educational seminars/workshops
- Other
Types of Clients
Registered States
Registered Investment Advisor
Advisors affiliated with a RIA are permitted to work with up to five clients in nearly-all states* without explicit registration. The map below shows states where this firm has explicit registration only.
Financial Advisors at Houston Wealth Management
Craig Parks (CRD# 4806241) is an Investment Advisor Representative working at Houston Wealth Management in Houston, TX and has over 11 years of experience in the finance industry. Craig Parks has taken additional exams to become a Certified Financial Planner (CFP®). CFP professionals must pass the comprehensive CFP Certification Examination,pass CFP Board's Fitness Standards for Candidates and Registrants, agree to abide by CFP Board's Code of Ethics and Professional Responsibility and Rules of Conduct which putclients' interests first and comply with the Financial Planning Practice Standards.
Ready to hire a financial advisor? Get competitive proposals from multiple advisors.


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Sep 1130
Clear Acne in 4 Weeks at eBay:
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An Introduction to The Taoist Tai Chi Society® internal art and method of taijiquan (tai chi). The Taoist Tai Chi Society® internal art and method of taijiquan (tai chi) incorporates stretching and turning into a sequence of movements that improve the health of body, mind and spirit. They reduce tension; improve circulation and balance and increase strength and flexibility. In this six week introductory class, you will learn approximately 25 of the 108 moves that make up the complete sequence of the Taoist Tai Chi™ internal art of taijiquan (tai chi). The class is open regardless of physical conditioning or age. At the end of the class, you will have the opportunity to join The Society and learn the remainder of the set. The Taoist Tai Chi™ internal art of taijiquan, taught entirely by volunteers, is not only physically beneficial but fun and a chance to be part of an energetic group focused on health and well being. Please wear comfortable shoes and loose clothing for the class.
Night class: Thursday, February 17, 24, March 3, 10, 24, 31; 7:00 - 8:30 p.m.
at the First Church of Christ, Congregational, Town Street.
Day Class: Thursday, February 17, 24, March 3, 10, 24, 31; 1:00 - 2:30 p.m.
at the Grange Hall, Town Street.
Cost: $20 per person, per 6 week class.


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Just right for a cold night: Sweet potato Shepherd's Pie recipe
Come autumn, my thoughts turn to Shepherd's Pie, that classic Celtic farmhouse recipe that's the best way I know to use up leftover meat and potatoes, and the dregs from those bags of frozen peas and carrots that have been haunting your freezer since summertime.
Here's a twist: Instead of beef, or beef and lamb, and instead of potatoes, try this: Sweet Potato Shepherd's Pie with Sausage and Lamb. I made one last weekend, then scarfed half of it down while watching a three-fer of Boris Karloff movies on TCM. (In my defense, I'm old, and I also had a cold.)
There was a lot left over. Which is a good thing because, like so many other rustic dishes, leftovers taste better than the first round.
Read more…


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ROCHESTER — The parents of a journalist who has been missing in Syria since he was kidnapped more than a month ago are pleading for his captors to contact them.
ROCHESTER — The parents of a journalist who has been missing in Syria since he was kidnapped more than a month ago are pleading for his captors to contact them.
At a press conference outside their home Thursday, John and Diane Foley said they are "gravely concerned" about the health, welfare and safety of their son James, a freelance journalist who was covering the Syrian conflict.
The family announced yesterday that James Foley was kidnapped in northwest Syria by unknown gunmen on Thanksgiving day. The family appealed to those holding Foley to contact them "so we can work together toward his release."
Foley's parents reiterated that message Thursday, saying their son is an "objective reporter" who decided to cover the conflict in Syria because he is passionate about telling the stories of people in war-torn areas.
"I ask his captors for their compassion and for James' quick release," Foley's father said, speaking outside the family's home on Victoria Circle, a white building with green shutters and wreaths in the windows.
Noel Clay, a spokesman for the U.S. State Department, said federal officials are aware of Foley's disappearance, and are working through the Czech Republic to try to gather information on his whereabouts. The Czech Republic serves as the "protecting power" for the United States in Syria, where the country does not have diplomatic relations.
"Obviously, we're concerned about this journalist's safety and well-being, but because of privacy concerns, we have nothing further to add at this time," Clay said.
Foley, 39, has worked in a number of conflict zones around the Middle East, including Syria, Libya and Iraq.
While covering the hostilities in Libya, Foley and other journalists were taken captive by forces loyal to the government and later released.
Most recently, Foley was contributing videos to Agence France-Press while in Syria.
Foley grew up in Wolfeboro and graduated from Kingswood Regional High School in 1990. He later earned an undergraduate degree in history and graduate degree in journalism.


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By DonalBane of Blakmers
Battlefield Reporter for the Pennsic Independent
After 13 War Points: East Tygers 8, Midrealm 5
On the final fighting day of Pennsic XXXV, the Grand Armies of the Midrealm and East met for the final time in the broken field battle. According to the rules, this battle was designed to give the trailing army a chance for a last stand. With the Midrealm trailing, they took full advantage of the rules.
When the first cannon sounded, the Midrealm was given 30 minutes to construct what defenses they could by using hay bales. The Midrealm chose to build a redoubt on the extreme northwest corner of the field. This redoubt had only one entrance, two walls and several other obstacles, which made it nearly impregnable. The Midrealm needed only to hold out for 60 minutes to claim the final two heavy fighting War Points.
With the second cannon sounded, the Midrealm had its forces arrayed on the north side of the battlefield, while the East attacked from the south. Between the two forces was a "river" about 20 yards wide. East forces either had to ford the river on their knees (knights could cross standing as they were considered "on horseback") or construct bridges from hay bales.
On the east side of the battlefield, forces from Atlantia attempted to ford or cross, but their efforts proved largely ineffective. Eastern forces to the center of the battlefield attempted to construct a bridge, but did so in the crosshairs of the bulk of the Midrealm ballista force. The bridge made it three-fourths of the way across the river before the forces were eliminated.
It was on the west side where the East's attack made the most headway. Æthelmearc forces chose to ford the stream to protect the bridge being built from defenders from Calontir, Clovenshield and others. The strategy worked and the East established a bridgehead before a hold was called.
From that bridgehead, House Bloodguard spearheaded a push up the west flank of the battlefield that reached the redoubt. However, Bloodguard chose not to enter the redoubt and soon found themselves engage and destroyed by House Darkmoon and House Red Winged Lion. Meanwhile, the majority of the Midrealm forces rushed to contain the bridgehead, with hammer blows landed by the Oaken army, Midlands, and the Tuchux.
With the battle contained elsewhere, Ealdormere took the initiative. The White Wolf's forces forded the river to the East's side, overran the remaining Atlantians and then proceeded to roll down the length of the river, taking out Tyger reserves as they went.
The Tyger's forces ended up being completely encircled on the west side. With victory in sight, forces from House Darkmoon and the Darkyard Legion were ordered to abandon the redoubt and help the final push. Before long, the cannon sounded as the Midrealm eliminated Black Talon and the final Eastern allies.
HRM Felix of the Midrealm, who had to sit out the fight, was all smiles as he addressed his troops after the battle.
"That was an impressive display of tactics and prowess," HRM Felix said. "You have made us so very proud. You have taken the field. Be sure to greet those across the field with honor."
Today's big battle: The flight of dragons through the gate.
As always, VIVAT, HOOBAH, WASSAIL and HUZZAH until Pennsic XXXVI to all the warriors and warrior watchers of the Known World.