text:
- ) China's fake G20 propaganda
- ) China's fake businesses
- ) China's fake FDI
- ) China's fake dual currency system
- ) China's fake version of capitalism (where cash flow, profit and economic value are irrelevant)
- ) The fake "Berkshire Hathaway of Beijing" (Fosun International Ltd.)
- ) Hank Paulson, an American Hero
That said, below listed is a correction and an improvement to the prior post. A friend of mine who is in the know on such things gave me a few additional tidbits re: Fosun I'm compelled to pass along:
CORRECTION: The use of the Prudential "Rock" and the "Pramerica" trade mark/name is part of a joint venture with Prudential Insurance. I had questioned the veracity of its use. Not to worry, according to my good friend, everything is on the up and up.
IMPROVEMENT: I also neglected to include a bullet-point reference to the seemingly non recurring gains and write-ups going on at Fosun.
Fosun listed write-ups, gains, and other accounting magic totaling RMB 22 Billion (US$ 3.4 Billion) with no discussion as to what these gains specifically relate to. (Footnote #6 - Page 153) Net Income was only RMB 8 Billion (US$ 1.2 Billion) for the period. If we eliminate these presumably "one time" non-recurring gains we conclude that Fosun actually lost RMB 14 Billion (US$ 2.2 Billion). Whether these gains/write-ups are legitimate or not, I'd expect the trend to continue. Like Alibaba, they apparently have a limitless supply of magic rabbits to pull out of their financial hat.
Now Back to New Business.....
"The Ramifications of China's Dual Currency System, Inherent Imbalances between the on-shore CNY and off-shore CNH, Its Impact on US Net Imports, Global FDI and the US Current Account; Parallels to the Post World War I Wiemar Republic and Possible Implications for Global Financial Contagion"
......but in this new era of million page views of kitty cats playing the piano.....I suspected, with a title like that, nobody would read it, so I went with the above captioned "Glasses and Handbags" instead.
That said, I sincerely hope you'll continue reading....it really won't be that bad! You won't even know we're talking about global economics and currency imbalances. I promise. I'll try to present the material in a fun, thought provoking way using real life, every day language and NO MATH! (or at least really simple math, only when absolutely necessary).
Ladies Handbags
Perhaps you've heard that Coach has recently opted to close its company store on Alibaba's Tmall. Coach pulling out of Alibaba/TMall is the latest salvo in the continuing near-psychotic-scuffle between Alibaba and luxury brand managers who have been lured by the siren's song of the gigantic, untapped opportunity lying dormant in the bank accounts of the Chinese consumer, offset by the realization that the proliferation of knock-offs on the platform does their brands more harm than good.
When we do a search for "Coach" on TMall we get 46 pages (60 items per page or 2,760 items) of "funny" handbags from US$50 to US$1,000....CNY at 6.7 per US$. When we take a look at the US Coach Store on-line....we see about 280 handbags ranging in price from roughly US$100 to US$1,500. Moreover, the items listed on TMall generally have little resemblance to the items listed on Coach's company site. Perhaps these items are discontinued original items? Perhaps they are used items masquerading as new? Perhaps the Coach bags are modified for the Chinese market? Perhaps Coach has a program designed for authorized re-sellers like "Axonus Overseas Franchise", "Extravagance d' Attiude of France" or "Extravagant Temple Official Flagship Store". More likely, these obviously silly listings are just hundreds of untouchable merchants selling thousands of knock-offs, doing irreparable damage to the brand. By removing its store from TMall, Coach management is telling the marketplace that they've finally had enough.
Cheap Reading Glasses
We were out sailing a few weeks ago and docked for dinner at a little taco place that we enjoy on Cleveland's "East Bank". When we got back to the boat, the sun had gone down, we were in a poorly lit area and I couldn't see the numbers on our companionway pad lock. My good friend, a patent attorney who loves gadgets, (His motto incidentally is "I can patent anything!"), pulled a key-fob sized device out of his pocket and handed it to me. The gizmo was actually a tiny case containing folding-stainless-steel-reading glasses, manufactured by Foster Grant. I hadn't seen these super-handy glasses before anywhere, but I quickly decided I wanted to buy a couple of pair. I went on line to see where I could find them. The first place I went was, of course, the Foster Grant website. The price was $24.99 a pair. Pretty reasonable I thought. But like 55% of all shoppers, I also decided to check out Amazon. Holy cats! What a bonanza! Hundreds of listings for these "Foster Grant-like" reading glasses. The prices ranged from $7.00 to $30,00 a pair. Checking another of my favorite sources for inexpensive "stuff", I found that similar glasses can be purchased on Walmart.com for $6.75 a pair from a Walmart-Authorized re-seller. I also checked out the local drug store and they had the Foster Grants for $30 a pair (no knock-offs available). I eventually decided to go with the unbranded $6.75 a pair glasses (Walmart.com) as opposed to the presumably authentic Foster Grants. Four pair for the price of one was pretty hard to pass up.
What Do Consumers Want?
We need to turn to Dr. Thaler's work on behavioral economics and "decision architecture" to take a look at what consumers really want and how their purchase decisions are impacted by inherent decision biases. The nearly immediate availability of perfect price/competitive information on-line is, of course, a newer phenomenon which would presumably have a significant impact on a consumer's purchase decision....as it did mine. (I didn't buy the Foster Grants)
Price & Quality Balance-The on-line shopping experience through company websites and intermediaries like Amazon, eBay, etc., gives the consumer the power to price shop like never before. Moreover, there's a certain implied trust that is embedded in the "satisfaction guaranteed" customer service model associated with most major on-line retailers. Customers expect that when they compare products, the representations made on the websites are accurate. They further expect that quality, terms of the sale and selling prices are credible and the transactions are guaranteed by the seller. Determining whether something is a "good deal" has become as efficient as it has ever been.
Legitimacy & Security- On-line purchasers don't feel that they need to be Internet security, copyright, trade-name or patent experts. That's not their job. Simply put, if they are purchasing goods from a major on-line retailer, there's a natural expectation that the goods they are buying are legitimate, their personal information is secure and they should have a reasonable expectation that once they put their credit card information in the system that their identity won't be stolen, their credit cards won't be used illegally and their bank accounts won't be drained. Right or wrong, consumers have adopted this expectation and their behavior reflects it.
Luxury Bands - Based solely on the significance of the counterfeit markets and proliferation of illegitimate, knock-off goods, consumers don't seem to care too much about the authenticity of the brands they purchase. They apparently care much more about looking like they can afford to buy the luxury brands (Rolex/Coach/Gucci, etc. at a deep discount) than they do about the legitimacy of the item itself. Once counterfeit goods appear on legitimate websites, their authenticity is unfortunately, validated and/or guaranteed in the eyes of the consumer. Most of us wouldn't think of buying a Coach bag or Rolex watch from a guy in an alley, but if we got 80% off on Amazon, we might not give it a second thought.
Once an on-line seller establishes the above (warranted or not) credibility, security, pricing and quality benchmarks, be it through Alibaba, JD.com, Amazon, Walmart, eBay or any website, the sky becomes the limit for the seller.
The "Amazon/Walmart Effect" on US GDP
Let's look at the purchase of one (1) legitimate $1,500 Coach Handbag and one (1) real pair of $25 Foster Grant reading glasses and analyze the impact on US GDP. Let's guess that both products are manufactured overseas (perhaps in China or perhaps not) and the cost of each is 10% of the US selling price. (Ok....we're going to do some simple math here) Using the Econ 101 formula:
Therefore, GDP increases by $1,372 when legitimate imported goods are sold by Coach, Foster Grant or on Amazon by authorized re-sellers.
Now, using the same formula, let's look at the purchase of one (1) knock-off $200 Coach Handbag and one (1) fake pair of $7 Foster Grant-like reading glasses and again analyze the impact on US GDP. Let's guess that both products are manufactured overseas (again, perhaps in China or perhaps not) and the cost of each is $150 and $3 respectively.
We calculate the GDP impact as $207 (C = $200+$7) consumption Less: $153 Import Cost (X-M) or, a total increase of $54.
So how big is the "Amazon/Walmart Effect"?
One amazing statistic is that 55% of all US shoppers start their shopping process on Amazon.com.....this, to me, is an incredible statistic. Amazon has become the repository for pricing information and the benchmark for what consumers believe they should be paying for a particular SKU. The "Econ's" dream of perfect price discovery is finally within reach.
As of the end of 2015, Amazon had nearly 2 Billion items for sale on it's global platform. Interestingly, only 25% of the items are listed on the US site, the remainder are for sale in the EU, Japan, Canada, etc. Oddly, only 4 million items (0.2%) were items listed on Amazon.cn (Amazon China). We're lectured repeatedly by Jack Ma and Joe Tsai that China is the second largest economy in the world, the epicenter of e-commerce and that Alibaba, the e-commerce behemoth, soon to have US$1 Trillion (2020 forecast) in GMV, (compared to Amazon't paltry 2015 GMV of US$225 Billion) has dominated the Chinese e-commerce landscape from day one. There's apparently no room in China for a poorly run company like Amazon to gain a foothold. For some reason, Amazon has been able to become the dominant player in e-commerce around the globe, yet it can't sell anything in China. Conversely, Alibaba, can't seem to sell anything anywhere outside of China.....an odd anomaly, don't you think?
Now, just for fun, let's take a high altitude look at the "authorized sellers" on Amazon. Let's type a few luxury brands into Amazon and see what we get. First, let's try Coach.
As we can see, 8,051 items come up, presumably from authorized re-sellers, all at great prices compared to the manufacturer's prices on Coach.com. Interestingly, many of the items on Amazon.com, like TMall, bear little resemblance (other than having the Coach logo emblazoned on the item) to items currently for sale on Coach.com. One of the Amazon sellers even lists that the purse is made from Coach's "Signature PVC"! A quick search of Coach's site found no reference to "PVC"....signature or otherwise. To me, it's surprising to think that Coach would advertise/brag that $1,500 handbags are manufactured from the same material that's used to plumb my toilet, as opposed to say, top-grain leather. I guess that just shows you how much I know about designer handbags.
Now let's take a look at Prada.....3,655 items found....
Or Gucci.....4,405 items listed.....
All of the above brands, and presumably many more, have re-sellers listing goods with dubious descriptions. There is a veritable river of odd wording and Q&A on the message boards. The theme is usually: Inquiry: "Is this a real Coach/Gucci/Prada?". The Response is always something like: "Oh yes....it are very real. We buy directly from Coach/Gucci/Prada direct. Good stuff. No problem." The message boards are littered with "This is not real....buyer beware" messages. As an aside, if I were a brand manager at Coach/Gucci/Prada, I'd be more than a little pissed off.
The result of all this buffoonery is that Amazon has become an economy within an economy in America, with US$ 225 Billion of GMV in 2015. (Roughly 2/3rds of the US$342 Billion eCommerce sales for the same period according to FED data)
When we think about this a little further, between Amazon (US$ 225 Billion) and Walmart (US$ 478 Billion), these two businesses contribute/control roughly 15% of all retail sales included in 2015 US GDP. Based on the GDP effect described above, even though these companies have generated enormous growth, we can observe/surmise that these business models have also been a significant contributor to stalling US GDP growth. The delivery of perfect pricing information is, by its nature, deflationary, driving prices down and cutting margins. This phenomenon has allowed consumers to significantly increase their purchases in unit terms, while reducing total retail dollars spent. Again, this is a bonanza for the US Consumer.
Because of Walmart and Amazon, we no longer have to pay $25 for Foster Grant reading glasses and $1,500 for a Coach handbag. We can all suddenly afford multiple purchases of pseudo-luxury branded goods, albeit of dubious origin. But we don't care. We spend about the same in total dollars, yet as consumers, we are much better off because we get more bang for our hard earned bucks.
The impact on GDP is further magnified because consumers, armed with perfect price information drive prices down across the economy. Why would someone pay $10 for a widget at the local hardware store when they can get it on-line or at Amazon/Walmart for $4? The "Amazon/Walmart Effect" has a dramatic impact on retail competition. Local businesses are forced to 1.) compete on price; 2.) find a way to offer either more services and/or other value; 3.) Become politically connected and hook up with a Chinese bank willing to provide unlimited, no-strings financing forever, or 4.) eventually close up shop, being unable to compete. Western Capitalism (as opposed to the happiness-filled-participation-trophy-riddled Chinese model) is truly a blood sport by comparison.
When you add up all of the odd Vandelay Industries types of businesses that suddenly have instant access to global markets via Amazon, eBay, Walmart.com, etc. it's a wonder that more American retailers aren't already out of business. The composition of consumption and GDP has changed forever and will continue to evolve. Margin erosion is accelerating at an incredible pace. This erosion of course has predictable consequences. Retail real estate is worth less, shopping malls close down. There's significant segment consolidation and old style department stores will become a thing of the past. Yet, again, because of this sea change, the consumer has never been in a better place.
Vandelay Industries
....so you want to be my latex salesman? I don't think so.....
How can all of these dubious businesses possibly sell reading glasses (or any product for that matter), delivered to your doorstep, for a couple of dollars each? The freight alone should cost more than that. The manufacturer has to cut the lenses, stamp the frames, mold the plastic case and individually package the glasses. (Authors Epilogue Note: I bought a four pack of these glasses and they were nearly identical to the Foster Grant glasses for sale at my local drugstore, except, of course, for that irrelevant Foster Grant logo. I received four for the price of one, delivered directly to my office.)
Some might argue that this miracle can be accomplished because the Chinese worker is unbelievably industrious (which they are) and willing to work long hours for a pittance (which they do). Others might argue that the Chinese have mastered many complex manufacturing processes and are more productive than any other workforce on the planet. (Maybe) We might also suspect that China's state directed "just get it done" goal-oriented attitude, without any real appreciation for individual property rights, environmental concerns or quality of life, has been an effective system for marshaling labor and capital. (Perhaps not always in the most proper allocations.....but time will tell.)
Of course, there's some truth to all of the above, but I'd propose that the answer to this "how can reading glasses be so cheap" question is actually much more straight forward...here it is:
As I've described in the last post "Faking it....", the root of this imbalance lies in China's dual currency system. The "on-shore" Currency the CNY is only used to pay bills on the mainland. The CNH is only used to settle international transactions (Imports/Exports & Foreign & Outbound Direct Investment). To the rest of the world, the "on-shore" CNY is irrelevant. The onshore currency can't be used for international transactions.
I asked a really smart friend of mine, a highly respected economist, a simple question: Why is China the only major economy with a dual currency system? Here was his response:
I don't know why China is the only major economy with a dual currency system. But I think I know why China has one:
China has traditionally reformed their policies step by step, via trial and error. CNH represents the "What if we fully liberalize RMB, make it fully convertible?" experiment. China has been ultra cautious on capital account openness owing both to the Asian financial crisis, and then the global financial crisis. How committed they still really are to making the RMB fully convertible is anyone's guess, but with XJP it seems a lot of those efforts have stalled. For example, the IMF let them into the SDR with the expectation of continued market reforms, at least at first that's what it looked like. But now the IMF seems to be less demanding on that front, which gives China the green light to do whatever it wants in terms of timing their reforms. Basically, all of that reform experiment stuff is out the door. CNH and its associated assets (Dim Sum bonds) are just ways for China Inc. to attract more foreign capital. Like, here, you guys have some of this "Mao money" and we'll take some of your international reserve currency.....yeah......fair trade..... trust me.
Since the People's Bank of China (PBOC) does not publish the amount of CNH in circulation (at least to my knowledge). The only proxy/surrogate we have to estimate the CNH available for off shore transactions are CNH (off-shore) bank balances. Let's take a look at some of the relevant data below, published by the PBOC. As always, the usual caveat applies: The figures that the PBOC publishes don't always make much sense, but like the young man with the crazy girlfriend once said... "Hey....she might be crazy, but she's all I've got."
Although CNH is scattered in banks all over the globe, as we can see, the RMB/CNH deposits in Hong Kong, Taiwan and Singapore (where we would expect most of the CNH balances to be held) account for a tiny fraction (0.75%) of China's M2. Another way to attack this "how much CNH is out there?" question is to compare the PBOC data reporting RMB assets on the mainland (146.7T RMB or US$ 21.9T) to China's M2 (149.1T RMB or US$ 22.2T). We can conclude that there is roughly 2.4T RMB or US$300 Billion "somewhere else". We can also presume that much of this US$300 Billion is off-shore CNH. Therefore, we can establish an upper bound/limit (US$300 Billion) for the amount of CNH in circulation. This upper limit also tracks quite nicely with the US$167 Billion reported value of CNH held by Hong Kong, Singapore & Taiwan banks. (Author's Note: Wouldn't it be easier for the PBOC to simply publish the figures, rather than leave us to guess at these really critical numbers? It's like trying to predict commodity price direction without inventory, production and usage/demand figures. I've got to believe, and hope, the PBOC has the figures readily available even if they choose, like so many other metrics, not to share them with the rest of the world.)
Now let's look at this level of CNH in circulation and make a few comparisons to US financial metrics per the schedule below. First, we note that China has much more broad money (M2) in circulation (205% of GDP) compared to the good old USA. (72% of GDP). Think about that for a second... Why, in both absolute and relative terms, does the Chinese economy suddenly need so much more money in circulation?
For example when a US Investor buys goods or a stock or a bond from China, he pays in dollars. The banks generally exchange the dollars for CNH, then to CNY and the exporter or seller of the stock or bond eventually receives CNY. The same happens (in reverse), when an importer or the Chinese purchaser buys a stock or bond. The importer or investor pays in CNY. His bank exchanges the CNY for CNH and eventually to the FOREX necessary to complete the transaction.
The most remarkable aspect of this system is that there is a relatively small amount of CNH in circulation. In the above example, the average net monthly foreign transaction volume is 29% of the CNH in circulation in the selected offshore (HK, Singapore, Taiwan) banks. (Compared to just 0.2% of M2) The result is that the PBOC, because of their gigantic FOREX reserves, can make the value of the CNH virtually any number they like. Through open market operations the PBOC could buy up all/most of the outstanding CNH making it difficult/expensive to close open EX/IM and ODI/FDI transactions. Conversely, they could flood the market with CNH driving the value of the CNH down. In other words, despite all of the rhetoric about open markets and a free-floating RMB, the dual-currency mechanism gives the PBOC the ability to set the value of the currency at a price which might have no/little relationship to the fundamentals of the underlying economy.
Now, let's take a look at the PBOC FOREX reserve balance compared to China's M2 and CNH in circulation (HK, Singapore & Taiwan Bank Balances) The charts below (Scale = 100 with January 2012 as the base year) show another anomaly. Specifically, China's M2 (Mainland Money printing) has continued to accelerate ($US 9.5 Trillion increase since 2012....that's not a typo.....China has printed the equivalent of the US Money Supply in less than five years.)
All the while, FOREX reserves and Off-Shore CNH Balances (The currency used to settle international transactions) have declined significantly. PBOC FOREX Balances (All of the reserve currency accumulated over the last decade while China had successfully become the world's manufacturing behemoth) have declined US$ 500 Billion (25%) since 2015. CNH Balances have declined nearly US$80 Billion (33%) from their high in July of 2015.
The off-shore" money supply is moving in a dramatically different direction than the on-shore "Mao Money".
Let's make a few more comparisons to money supply exchange rate relationships. The FED chart below shows, by comparison, the growth of US M2, China's M2 and the $/CNY Exchange rate. (All values are indexed with January 2008 = 100) The FED has increased US M2 by a healthy 6% (Compounded) since the financial crisis. Not to be outdone, the PBOC has increased China's M2 at a whopping 15.5% Compounded annual growth rate (Again...not a typo) during the same period. As the chart also describes, the exchange rate has remained relatively rock solid in a range between 6.0 to 6.8 CNY per US$ since 2010. In fact, since its strongest point in 2014 (6.05 CNY/$) the CNY has only weakened slightly to 6.70 CNY/$ today. Wouldn't you think that, since there has been a nearly four fold increase in the supply of China's M2 that it would have dramatically depressed the exchange rate? (Authors Note: I've long opined that the CNY, if left to float, would be at 20:1....it would be worth a nickel.....not 15 cents.) In point of fact, the exchange rate has become primarily/solely dependent on CNH and FOREX balances. On on-shore monetary policy and money supply appear to be nearing irrelevance for the rest of the world. Without the dual on-shore/off-shore currency system, where the PBOC is able to shrink the "Usable" currency (CNH) in circulation, propping its value to what may be absurd levels, while simultaneously flooding the domestic streets with "Mao Money", this US$ exchange rate relationship would simply not be possible.
Now, let's take a look at what a "real" currency relationship might look like. Let's compare the Euro to the US$. Both currencies are free floating so you'd expect the exchange rate to be predictable, at least within a relative range. Per the Chart below (January 2008 = 100) When we compare M2 for the Eurozone (4% Compounded Annual Growth) to the US$ (6% Compounded Annual Growth) we can draw some reasonable observations.
So now, as a newly reformed, market forces driven Chinese investor, you have to decide...where should you put your new wages and borrowed money? The stock market has pretty much "sucked" since you lost all of that money last August (2015), so safety, as always, is of paramount concern. Of course, the logical answer is to put your money in the Chinese Bank/Shadow Bank system. You would plow your money right back into the system, buying un-guaranteed Wealth Management Products (WMP's) that pay an oddly high interest rate, you'd participate in P2P lending and other exotic, high-yield products that you don't understand because, after all, they are promoted and sold by a large, trusted Chinese Bank. What could possibly go wrong?
So how could all of this have happened? A ballooning on-shore money supply, accelerating domestic debt and wages, skyrocketing real estate prices and shadow bank assets, the proliferation of WMP's and miles of excess capacity and vacant ghost cities. All of this accomplished with near zero % domestic (CPI) inflation. The off-shore story, of course, is much different. Chinese exporters are willing to accept almost any amount of FOREX for their cheap reading glasses and handbags now, groveling to trade Mao Money for dollars. Chinese investors are happy to pay any price for Dollar/Euro denominated assets The aforementioned was accomplished solely through the smoke and mirrors manipulation of a fake, off-shore currency. Somehow, the Chinese government has been able to convince the world that, through its dual currency system, that the CNH has real value (15 cents), when history and the available economic data would tell us otherwise (it's worth a nickel or less).
Again, the Chinese economy is the only large economy in the history of finance to use ( or better described "get away with") a heads-I-win-tales-you-lose, dual-currency system.
FOREX Rule #1: The intrinsic value of a currency is a reflection of the strength of the underlying economy, adjusted by the short term supply and demand of the currency available. (This is really important....keep this in the back of your mind as you read further. Please continue....)
Following the diagram, hard assets, goods and services would be exchanged between China and the rest of the world. Currency would flow into Fake-istan and the FFS (Fake-istan Financial System) would settle the EX/IM and ODI/FDI transactions, converting CNH to other currencies and visa versa on an as needed basis.
First, let's say hypothetically, that the Peoples Republic of Fake-istan can issue and retire any amount of currency (CNH) it chooses. Let's also say that Fake-istan has significant FOREX available (or on loan from China), something like US$ 3.5 Trillion available, to buy up virtually any amount of CNH and support the currency. Let's further suppose, by controlling the supply of CNH outstanding, with sufficient FOREX reserves, Fake-istan is fully capable of causing a CNH shortage at anytime. They'd just "buy 'em" to drive the value/price up "Sell 'em", flooding the market with CNH to to drive the value/price down. For example, when a foreign Purchaser of goods has to settle the transaction, and there's a shortage of settlement currency (CNH), his cost goes up. Conversely, if there are boatloads of CNH available his cost goes down.
Could you imagine what would happen if the "real" value of the CNH were realized? Cheap reading glasses and fake Coach bags would be discounted another 66% for US on line shoppers The Syngenta, GE Appliances, Blackstone, deals, et. al., would have been three times as expensive for the Chinese acquirers. All of those newly ordained Chinese Billionaires would become less exuberant Chinese millionaires. (Or insolvent if they have significant liabilities outside of China ($/Euro debt) collateralized by mainland assets.
So what....
So what have we really woven together here? These are the summary bullets.
- There are numerous, unfettered, deflationary channels (Walmart, Amazon, etc.) available for counterfeit/cheap foreign consumer goods to find their way to US and European Markets. The composition of the US Consumption component (C) has changed dramatically.
- The value of this consumption is enormous in aggregate, but because of the associated near-perfect price discovery, the net impact of the "Walmart/Amazon Effect" is actually a drag on consumption and US GDP, as well as a source of FOREX for Chinese sellers.
- This GDP erosion is made possible in part because of China's dual-currency system, which enables the Chinese Central Bank to manage the value if its global currency (CNH) to a benchmark which is becoming more removed from its real economic value by the day. This artificial strength, allows Chinese sellers of goods, as well as Chinese Investors to trade their Mao Money for real, reserve currencies/assets which are actually tied to the economic fortunes of the issuing country/economy.
- The rapidly expanding money supply, debt levels and massaged NBS/PBOC data effectively mask the accelerating deterioration of China's on-shore "real" economy. The cycle of on-shore monetary expansion has probably become irreversible.
|German Citizen paying cash for a loaf of bread circa 1923
The chart on the left illustrates what happened when they turned on the printing presses. The Paper mark became worthless. By November of 1923, one US dollar was was worth 4.2 Trillion Paper Marks. It was the greatest short in history (if you could find anyone to take the other side of the trade). Below is a 50 Billion Mark note. 84 of these notes were equal to one US Dollar at the time.
It's remarkable how quickly the currency crashed. Once the world caught on to the difference between Paper Marks and Gold Marks, the currency became worthless in only a few years.
The relationship between the Gold Mark /Paper Mark and today's CNH/CNY seem eerily familiar. The CNH (Like the Gold Mark) is backed by FOREX/Reserve Currency. The CNY (Like the Paper Mark) is backed by the full faith and credit of China's out of control money supply. I've been unable to locate the approximate amount of currency printed by the Weimar Republic during the period, but I'd be hard pressed to believe that it would approach 15% of Global GDP, like the PBOC has accomplished with China's money supply over the last few years. (2015 Global GDP US$ 73 Trillion vs. China's US$10 Trillion M2 Increase since 2011) Based on China's above described money and debt expansion, it would appear that China may be on the same economic/financial path as the post World War I Wiemar Republic. If there are any economic historians out there who are experts on the Wiemar Republic hyperinflation I'd enjoy hearing from you.
Since this isn't my first rodeo, I know that if you've read this far, and you truly understand the gravity of what I'm describing: i.e.) That the world's second biggest economy is little more than a sophisticated Ponzi scheme, and like me, these numbers are scaring the snot out of you, your next question is undoubtedly "What happens next?"
As I've mentioned often in this blog, these things can continue on for quite some time. In response to the "What happens next?" question, the only thing I can say with certainty is:
"Nothing good...."
There are lots of really smart people looking at this right now. They're all trying to figure out how big this problem really is and what to do about it. Last week, Jack Lew was unusually candid re: the issues above:
"I'm talking about steel, I'm talking about aluminum, I'm talking about real estate—when you don't have market forces driving investment, when you don't have bad investments allowed to fail, you end up with resources allocated in a way that ultimately chokes the future of economic growth"
For most investors, when this tsunami finally hits the financial markets we will all be running for cover trying to figure out what just happened. When the dust settles we'll be paralyzed, like a bankrupt former client of mine once quipped: "I really can't remember what happened to all of the money.....I probably spent most of it on whiskey and women....I guess I just pissed the rest of it away....."
Additional Reading
Setzer - Global Trade Slowdown
Vandelay Industries
Coach Online Store....US$500 to US$1,500
Amazon Stores
Coach AVA Leather Tote Bag - "Coaches signature PVC"
Unique Jewelry Plus Storefront -
55% of all shoppers turn to Amazon first....
Amazon V Alibaba GMV
China - Average Annual Wages
FRED - Household Income of the United States
Amazon 2015 Annual Report
IMF - Global Debt reached record $152T
Trading Economics - China Exports
Trading Economics - China FDI
Trading Economics - China Imports
Bureau of Economic Analysis - US ODI
Treasury Secretary - Jack Lew - Peterson Institute
U.S. Treasury Secretary Jacob Lew warned Beijing in unusually candid language about China's overproduction and overbuilding, which he suggested could become the biggest U.S. complaint about the country, as their earlier disputes over the country's exchange rate become less divisive.
"I'm talking about steel, I'm talking about aluminum, I'm talking about real estate—when you don't have market forces driving investment, when you don't have bad investments allowed to fail, you end up with resources allocated in a way that ultimately chokes the future of economic growth," Mr. Lew said at the Peterson Institute for International Economics on Thursday.
FT - China Debt Reaches Record High
WSJ - China's Debt Restructuring
China's ODI overtakes FDI
By Bundesarchiv, Bild 183-R1215-506 / CC-BY-SA 3.0, CC BY-SA 3.0 de, https://commons.wikimedia.org/w/index.php?curid=5436340


text:
It's been one of those days. It was a long day of activities with the kids – filled with playdates, birthday parties, trekking across town and just overall hurried and a bit crazy.
So it's no surprise that my kids are ragged at the end of the day. One kid gets whiny. Another kid is clingy. And the third is just plain done for the day.
Calgon, take me away. That's what I always tell my husband when I'm done for the day. I'm sure you've been there too – whether it's frustration or just too tired to calm down.
I used to just get frustrated and have everyone turn in for an early night. But now I've found a great way to help them wind down naturally. I made my own calming essential oils blend that's perfect for using kids at night or before bedtime to settle down peacefully and promote a restful sleep (as well as a good morning the following day).
Calming Essential Oils Blend
- 5 drops Lavender essential oil (where to buy)
- 5 drops Cedarwood essential oil (where to buy)
- 5 drops Vetiver essential oil (where to buy)
- Sweet almond oil (or other carrier oil)
- Empty 5 ml bottle (check out my tutorial on how to clean and reuse essential oil bottles)
- Add all essential oils to an empty 5 ml bottle.
- Fill the bottle with a carrier oil.
- Place the plastic dropper back on the bottle and then screw on the cap.
- Shake well. Now it's ready for use.
Photo credit: DepositPhotos.com / svetamart
FREE DIY Beauty Book
Get glowing skin and learn how to make your own DIY beauty products with simple ingredients from your kitchen. Plus, get my 7-day essential oils course to get gorgeous skin from the inside out.

subset: commoncrawl


text:
Sooo, the first week has passed since I started my "new things" project! I love it so far, it's a good way to challenge myself really do something new every day. However little! Oh, I do have to mention: I'm not really set on those 'somethings' having to be new all the time, but they can also be things I've been postponing, things that really needed to be done, or something creative I wanted to do, or even something I just haven't done in a while. It just has to be 'new' that day, it has to break my (boring) routine a little bit, spice up my day… get it? :) Alrighty, let's get to the summary of that first week!
Day 2: A small, but new thing on the second day: I adapted a recipe from one of my baking books to make it much more healthy. Stay tuned for the blogpost!
Day 3: The day I decided to try being a vegetarian. Yes, try. I do like the taste of meat, but I don't like the idea of eating meat. So I've been weighing those two thoughts and I've decided hating the idea of eating animals wins from liking the taste. I want to try, because there's already a lot I can't/don't eat (allergies, I'll blog about my "diet" soon), so being a vegetarian would make eating even more complicated for me. But I want to see how it goes!
Day 4: I finally took the time to sort through and clean out my socks and underwear drawers. Pretty exciting, huh?
Day 5: Nothing major today, but I was in bed before 11pm, which has been a rarity these days. So new enough for me! (and by the way: I had almost no trouble waking up early the next day!)
Day 6: I went running for the first time in my life (if you don't count the crappy runs I did in physical education in high school) – and, another good + surprising thing: it was at 7.30 in the morning. I'm hoping to keep up this good habit of getting up early and exercising!
Day 7: Second day in a row that I got up at 7.15 in the morning! But that's not the thing for today ;) I signed myself up for Start to Run, a six-week training for running. I start March 9th!
Overall I'd say it was a very succesful first week of new things. It makes me challenge myself more, and that's a very good thing. I wonder what the coming weeks will bring :)


text:
Jenny Cox, UK. " The Balance Procedure".
We are delighted to announce that Jenny Cox is joining us at the conference between a busy schedule.
If you are the kind of person who likes to have total control over every aspect of your life the Balance Procedure is for you. For Centuries it's been widely recognised to be in BALANCE with all aspects of your life is the best way to experience emotional and physical well-being. Using the Balance Procedure is the quickest and easiest way to accomplish this state. It is an exciting, new way of transforming any limiting emotional patterns you may have learnt and are still playing on an unconscious level, using the Balance Procedure daily puts you in a relaxed state allowing you to focus on your dreams and desires and see them manifest into reality
The Balance Procedure is an energy technique that does not require an understanding of theory or precise disciplines but is learnt through practice.
Jenny has created The Balance Procedure through intuition insight and years of teaching and practicing holistic energy Techniques and it is now one of the most transformational energy procedures on the planet. Taking her students on a journey to embrace their own inner self worth and inner empowerment to recognise that they and only they can influence and impact their reality and the life that is created from that.
The Balance Procedure is forward 'feeling' – integrating the mind and heart for the ultimate in magnetic and quantum empowerment. In the last eleven years Jenny has inspired and trained students in the Balance Procedure as well as leading them to become practitioners and trainers of the technique themselves and create the independent business and lifestyle they shine in. Her enthusiasm, open heartedness and warmth are infectious.
Jenny has been working with Energy since 1989. She is an Independent Celebrant a trainer and practitioner in a number of Holistic and Energy Techniques, an NLP practitioner a Reiki Master and a Nordic Walking Instructor. Jenny is also a qualified teacher and won the National Regional New Horizons Award for her teaching in Cambridge, UK.
The Balance Procedure (TBP) is accredited by the Federation of Holistic Therapists (FHT) approved by The Complementary Therapists Association (CThA) International Institute of Complementary Therapist (IICT) & Association of Reflexologists.
Jenny's Presentation on the Balance Procedure is an interactive talk where you will learn the following:
• How to use your mind as a magnet to attract what you want in your life
•. How to lift your vibration using TBP daily to transform doubts and fears
•. The power of your emotions and why we have them
•. The responses your thoughts and emotions have on your mind body and spirit
•. Learn who you are, what you want and where you are NOW
The technique is quick and easy to learn and can be used to reduce stress and change thoughts, allowing you to reach your goals and optimal wellbeing.
Please visit Jenny's website for more information on Jenny, her workshops & her training courses here.
Jenny would love you to join her on social media via the following links and invites you to view her video listed below.
We create our reality through thought and imagination – BALANCE is the KEY.
Jenny Cox. "The Balance Procedure"


text:
Finger Lakes TV is holding a Short Film Contest
Posted on November 7, 2013
Calling all short film makers!
Submit your original short film to Finger Lakes TV and qualify to win a $50 gift card.
All approved submissions will air on Finger Lakes TV December 26th – December 31st.
Films must be submitted by December 9, 2013
Contest Rule Rules and Guidelines
Top total score will win the contest. Each submitted production will be judged by three community judges each using a 20 point scale.
4 Points = Overall Original Concept
10 Points = Overall Creativity
6 Points = Overall Production Value
15 minutes or less. Productions over 15 minutes will be disqualified and not broadcast
DVD (no menu structure is required)
4×3 full screen format, with stereo 44100 or 48000 audio. Each submitting producer can choose if they want to produce their project in High Definition or Standard
Definition. Productions can be produced in either 16×9 or 4×3 ratios. However, the final
submission must be a DVD with 4×3 formating.
The means letter box your widescreen productions.
Who can enter?
This contest is open to all who work, study, live, and/or just do life in the Finger Lakes region of New York state. Limit 2 productions per producer.
All productions must be submitted to Finger Lakes TV by December 9, 2013.
Each producer must fill out a Finger Lakes TV submission form.
And the winner is….
The winning production will be announced on December 18, 2013
Broadcast Slots:
All approved submitted productions will air starting
December 26 – December 31, 2013.
Each producer will be notified by FLTV of their broadcast slot(s).
Copyrighted Materials:
If a production contains copyrighted materials (music or video clips for example) the producer is responsible for securing the licensing rights and providing copies to FLTV at time of submission.
Questions? Contact Kyle Krenzer – FLTV Production Director email@example.com 585-394-9444


text:
When we cater for a corporate event you are trusting us to reflect your company's brand – it's that important. Whether the function is an internal event or you're entertaining clients, we'll prepare a menu and provide a professional service from beginning to end that lives up to your brand values. It's the reason why companies such Petrofac, SAB Miller, The Ambassadors Theatre Group, The Lightbox and Rolls Royce choose to use Avala.
We fully understand the importance of using your budget well. Whatever the size or type of event you're planning, we'll work closely with you to design an inspiring menu that everyone will enjoy – one that helps make your event memorable.
My company used Avala Catering for our summer barbecue. All of the food tasted lovely and we had excellent reviews from everyone that attended. Avala were professional, prompt, and knew exactly what we needed to ensure a smooth event. I would not hesitate in recommending them!Natalie, Annual Summer Party
You really created the WOW factor with your creativity and fabulous tasting food. Thank you so much for caring and putting in so much effort. I absolutely loved the wildlife & nature themed serving ideas. Lastly to top it all off, your team were ALL so lovely, professional and friendly. The service you gave our guests was exceptional.Sophie, Surrey Wildlife Trust
I just wanted to pass on our thanks for the party last night. The venue was superb and looked beautiful and I thought the staff were brilliant. They were quick efficient and very pleasant. The food was top quality. It was hot tasty and served very quickly and efficiently.The Pavillion Club, Christmas Party
Preparation is key to any event. We'll take care of all the details, from setting up to clearing away, so that everything runs smoothly on the day – and you won't have to worry about a thing. Our waiting staff are fully trained and professional in their service. Friendly and discreet, observant and always there to offer another delicious canapé, fill an empty glass or remove used plates.


text:
Pickerington Lions Club Wins "Best Club" Honors for Second Consecutive Year
Pictured above: Members of the Pickerington Lions Club stand with District officials at the District OH7 Convention after receiving awards.
March 2019: For the second year in a row, the Pickerington Lions Club was named Best Club at their recent District Convention for clubs in the 31-50 member category. The Pickerington club was represented at the March 8-10 convention by members Debbie & Bob Hulvey, Brian & Lilane Fox, Bob Mauger, Carol Yurt, Dorothy Kavanaugh, Sonnie Stewart and George Bachman.
Criteria for the award is based upon how active and successful a club is in a variety of categories, including club service projects, donations, public relations, networking, leadership development, community outreach and other categories in 2018
The Pickerington Lions also received many other awards during the event, including the coveted District Humanitarian Award and District Service Award.
Additionally, club president Debbie Hulvey, secretary Bob Mauger and Treasurer Lilane Fox were honored by receiving the Excellent President Award, the Excellent Secretary Award and the Excellent Treasurer Award, respectively.
Pickerington Lions Club Wins "Best Club" Honors
Pictured above: Members of the Pickerington Lions Club stand with District officials at the District OH7 Convention after receiving awards.
March 2018: The Pickerington Lions Club received a tremendous amount of recognition at the recent District OH7 Convention in Lancaster, Ohio, March 2-4.
The Lions won BEST CLUB honors in the 31-50 member category for its many service projects over the last year. The club also won the coveted District Humanitarian Award as well as the District Service Award.
Individual recognition was awarded to Lions Susan Howey (Excellent President Award), Lon Howey (Excellent Treasurer Award), Bob Mauger (Excellent Secretary Award) and Brian & Lilane Fox (Council of Governors Award).
Members of the Pickerington Leo Club was also involved in the convention, taking part in team-building exercises and leadership training. They also raised money during the weekend for their charitable donations.
Congratulations Lions and Leos!
Congratulations, Pickerington Lions, for donating $11,000 to charity in this Lions Year!
January 13, 2018: The Pickerington Lions Club has made donations to the community, charitable organizations and others totalling approximately $11,000 so far in this Lions Year which began on July 1 of 2017.
Some of the organizations we have contributed to are:
- Pickerington Leo Club
- Pickerington Food Pantry
- Pickerington North & Central Marching Bands
- The Mike Sewell Foundation
- Fairfield County Meal on Wheels
- Local needy families for eye glasses & exams
- Ohio Lions Eye Bank
- Ohio Lions Pilot Dogs
- Ohio Lions Foundation
- Lions Hurricane Relief Fund
- Vision & Diabetes Research and many others!
The Pickerington Lions Club was founded in 1946 to give service to the community and to help those in need. We believe that we have done just that this year!
Pickerington Lions Donate to Food Pantry
November 9, 2017: The Pickerington Lions Club made an $810 donation to the Pickerington Food Pantry on November 9. Because the Pantry can purchase food from the Mid-Ohio Food bank at a rate of $10 to $1, the donation could purchase over $8,000 worth of food for the needy.
Below, Lions President Susan Howey presents check to Lion Vanessa Niekamp, director of Community Outreach for the Pantry, and Gessica Peraza, the pantry's director of operations.
Pickerington Lions Raise Money for Local Child with Cancer
SEPTEMBER 30, 2017: The Pickerington Lions Club and Leo Club worked together raise money over the last few months for Lauren Blake, a Pickerington girl with a form of brain cancer. The two clubs sold wrist bands that said "Roar for Lauren", we raffled off two OSU tickets and took donations.
At the Lions' September 28 meeting, a large contingent of Lions and Leos were on hand as we presented Lauren and her Mom with a check for $2,863. This money will go to help pay the many bills that are not covered by insurance.
We are still selling wristbands and taking donations. If anyone would like to donate, you may make out a check to Pickerington Lions Charities (put "donation to Lauren" in memo line) and mail it to PO Box 163, Pickerington, Ohio 43147.
Pickerington Lions Charities is a 501(c)(3). Donations are tax-deductible.
Lions to Conduct City-Wide Collection
Drive for VOA on January 28
Clothes, Bedding, Furniture, Other Items Needed
Hoping to replace inventory burned in fire
As you may know, the Volunteers of America organization lost their entire inventory of goods in a warehouse fire a few days ago -- a loss of at least $450,000.
In conjunction with VOA, the Pickerington Lions Club is organizing a Community-wide Collection Drive on Saturday, January 28 from 9 a.m to 1 p.m. to help replace those items.
The Drive will be held at Dwayne R Spence Funeral Home on Hill Road in Pickerington. All gently used items will be accepted including clothing, bedding, tools, kitchen items, toys.
A VOA truck will be present to collect the items and to transport larger items to their temporary storage areas. We are asking all Pickerington residents to look thru their closets, basements, attics, and other storage areas for items that can be donated to VOA on the 28th.
We are asking that everyone in Pickerington look through their closets, basements, attics, garages, etc., for anything you are willing to donate. If you have things to give, bring them down to Spence Funeral Home on the 28th. For more information, contact Lion Cherie Koch at firstname.lastname@example.com
Pickerington Lions Celebrate 70 Years of Service in Pickerington
Lions Herb & Jeannie Sharp are Presented
"Distinguished Service Award" at Event
Above: Lions President Vanessa Niekamp welcomes everyone to the 70th Anniversary celebration of the Lions.
The Pickerington Lions Club celebrated its 70th anniversary at the Pickerington Senior Center on October 8.
The event began at 7 PM featuring a great dinner of salad, Chicken Marsala, ham, roasted red potatoes, cheesy broccoli, vegetables and birthday cake.
The guest speaker was Past District Governor Bill Schultz of Athens who gave an inspirational talk about Pickerington's 70th anniversary and Lions International's 100th anniversary.
Also in attendance was Lee Gray, Mayor of Pickerington, who presented the Lions with a mayoral proclamation congratulating the Lions on 70 years.
Fifty Lions from around District OH7 attended. All guests received a Lions bumper sticker as a welcome gift.
One of the highlights of the evening was the presentation of the Distinguished Service Award to longtime Lions members Herb & Jeannie Sharp. A very well-deserved award.
Above: Vanessa Niekamp presents Jeannie & Herb Sharp with the Distinguished Service Award.
Pickerington Lions to Celebrate 70 Years of Service in Pickerington
The Pickerington Lions Club will celebrate its 70th anniversary at the Pickerington Senior Center on October 8.
The event begins at 7 PM with with a festive dinner followed by a program of fellowship and awards.
The guest speaker will be Past District Governor Bill Schultz who will speak on the 100th anniversary of Lions International.
The Mayor of Pickerington, Lee Gray, who is also a member of the Lions, is expected to present a Mayoral Proclamation to the club during the evening.
One of the highlights of the evening will be the presentation of the Distinguished Service Award to long-time members Herb & Jeannie Sharp.
Pickerington Lions and Leos 5K Results
April 2016: The Pickerington Lions and Leos Clubs ran their Second Annual Pickerington PAWS 5K on April 10. Although it was cold, about 45 runners participated in the 5K and 1-mile run. The event was sponsored by Spence Funeral Home, Capitol Fence and La Fogata Grille.
All proceeds go to Pilot Dogs for the Blind.
To see the results of the run, click the link below:
RESULTS OF 2016 Pickerington PAWS 5K
Pickerington Lions Club Wins "Best Club" Honors
March 2016: The Pickerington Lions Club received a tremendous amount of recognition at the recent District 13K Convention in Newark, Ohio, March 4-6.
The Lions won BEST CLUB honors in the 36-50 member category for its many service projects over the last year. The club also won the coveted District Humanitarian Award as well as the District Service Award.
Individual recognition was awarded to Lions Bob & Jean Mauger (Zone 4 Lions of the Year), Lon Howey (Excellent Treasurer Award), Bob Mauger (Excellent Secretary Award) and Brian Fox (Council of Governors Award).
The Pickerington Leo Club was also named BEST CLUB in the small community-based club category (50 or fewer members).
Congratulations Lions and Leos!
Lions Club Adds Four New Members
January 2016: The Pickerington Lions inducted four new members at its January 14th meeting. The inductees pictured above are: Carol Yurt, Avery Gustovich, Jackie & Joe Self. Welcome!
Lions Club Collects Food for the Needy
November 2015: The Pickerington Lions adopted two families from Fairfield County Jobs & Family Services for Thanksgiving and collected a total of 144 food items for their Thanksgiving meal (and beyond). We also donated to each family a $50 Gift card to a local super market for their use. Thank you, Lion Pat Deskins, for chairing this worthy project again.
Pickerington PAW 5K was a Big Success!
The Pickerington Leo and Lions Clubs worked together to put on a brand new 5K race in Pickerington on April 12. Called the Pickerington PAWS 5K, the race raised money for the Ohio Lions Pilot Dogs.
88 runners took part in this first annual event. Thanks to all the Lions and Leos who participated by working or running in the race. Thanks also to our sponsors: Capitol Fence, La Fogata Grill, Omezzo's Italian Restaurant, Spence Funeral Home and Giant Eagle.
They're Off!
Andy Fischer, winner of the 5K, is presented with the 1st place trophy by Lions Bob & Cherie Koch.
Brady Johnson is second to cross the Finish Line
This was a great family event!
* * * * * * * * * * * * * * * * * * *
Lions & Leo Clubs Join in Putting on New 5K Race on April 12
The Pickerington Leo and Lions Clubs are working together to put on a brand new 5K race in Pickerington. Pickerington Paws 5K will be run on April 12 in the Ra-Mar and Pickerington Hills subdivisions. Both a 5K and 1-Mile race will be run.
Entry fee for participants is only $15.
ALL PROCEEDS WILL BE DONATED TO PILOT DOGS for the training of dogs for the blind.
COURSE: Both the 5K and 1-mile run will start and end at Ramar and Morningview Ave.
REGISTRATION: By mail from February 13, 2015 through April 1, 2015 at Pickerington Lions Club, P.O. Box 163, Pickerington Ohio 43147 (Make checks payable to Pickerington Lions Charities).
ENTRY FEE: $15 (Non-refundable). Everyone who registers by April 1, 2015, will receive a FREE T-shirt.
PARKING & CHECK-IN: At Sycamore Creek Park, Pickerington Ohio
5K RUN/WALK Top 3 Male and Top 3 Female Trophies
1 Mile Run Top 3 Boys & Girls 10< Trophies
Top 3 Boys & Girls 11 -14 Trophies
All finishers in 1 Mile Run Medals
RACE DIRECTOR: Bob Koch, 370 Morningview Ave, Pickerington Ohio 614-837-8810
Click here for REGISTRATION FORM
** ** ** ** ** ** ** ** ** ** ** ** **
Pickerington Lions Club Conducts Several Service Projects in Nov / Dec 2014
We conducted Thanksgiving Food Drive
We adopted two families from Fairfield Co. Jobs & Family Services for Thanksgiving and collected a total of 295 food items for their Thanksgiving meal (and beyond). We also donated to each family a $50 Gift card to a local super market for their use. Thank you, Lion Pat Deskins, for chairing this worthy project again.
We adopted 6 kids this year
Once again our Lions Club "adopted" some Fairfield County kids in need, helping to provide them a Merry Christmas and some financial relief for their families. Thank you, Lions Ken & Susan Badertscher, who chaired our effort this year. They estimate that our gifts came up to a value of at least $1,250. The club also chipped in an extra $500 in gift cards.
We distributed 24 poinsettias
Lion Brian Fox and Leo Tommy Fox distributed 24 beautiful poinsettias to Echo Manor, Pickerington Nursing & Rehab, Pickfair Square Senior Apartments and Amber Park on December 6.
Secret Santa Helpers
On December 6, Lions helped out at the Pickerington Senior Center's annual "Breakfast with Santa" event by wrapping presents at the Secret Santa Shop. Helpers included: Lions Bob & Jean Mauger, Jim & Bernie Hatem, Judith Barber and Jo Ann Seaman.
* * * * * * * * * * * * * * * * * * * *
Pickerington Lions Club Garners Awards at District Convention
- The Ohio Lions Foundation's Golden Patron Certificate;
- The Russ Williams Chapter Award;
- Lions Clubs International Foundation Certificate of Appreciation;
- Central Ohio Lions Eye Bank Patch
Pictured with some of the awards are: Lions Club members Jo Ann Seaman, Lilane Fox, Jim & Bernie Hatem, Rebecca Smith and Brian Fox.
Pickerington Lions Collect Food for Needy at Thanksgiving
Pictured with some of the food are: Lions Club president Jeff Seaman and members Carolyn Jones, Vanessa Niekamp, Lana Houston, Brian Fox and Pat Deskins.
Pickerington Lions Inducts Six New Members in January
The induction brings the total club membership to 51.
November 4, 2012: Stephanie Fox, an eighth-grade student at Ridgeview Junior High, has taken the first couple of steps to becoming an internationally recognized artist by winning a local "Peace Poster" competition sponsored by the Pickerington Lions Club.
Fox's poster was among more than 350,000 entries submitted worldwide in the annual Lions International Peace Poster Contest. Lions Clubs International is sponsoring the program to emphasize the importance of world peace to young people everywhere. The theme of this year's competition is "Imagine Peace".
Locally, thirty-two students from Ridgeview entered posters that were judged by two Canal Winchester artists, Carolyn Sittler and Linda Sabo, at the Park Alley Banquet Hall in downtown Pickerington on November 1. The Lions Club held a reception there later that same evening in honor of the artists.
Fox's entry also won the next level of competition on November 4 when it was judged against nine other local club winners at the District level. Her poster will now go to the Ohio Lions State level competition to be judged against other District winners from around the state in December.
Other winners of the local Pickerington contest were: Jayson Dzurilla (2nd place) and Keely Stagg (3rd place). The top three artists received monetary prizes. All students received certificates and the official pin of the Pickerington Lions Club.
Pickerington Lions Club is a Main Sponsor of
The Pickerington Lions Club was once again a "Main Sponsor" of the Big Brothers / Big Sisters "Bowl for Kids' Sake" fund-raiser at Rule (3) on May 5-6. This was the third year in a row for the club's support of this event.
As a main sponsor, our club name was prominently displayed at Rule (3), our logo was on event T-shirts and our club business cards and pens were in the bowlers' 'goody bags'.
We also had a Lions Team made up of Lions Larry & Cathy Twyman and Bernie & Jim Hatem (pictured above) bowling on Saturday, May 5. Lion Larry distinguished himself by winning the High Mens honors with a 179 game.
Pickerington Lions Club is Named
CLUB OF THE YEAR at District Convention
The Pickerington Lions Club was named Club of the Year at the annual Lions District 13K Convention held in Marietta March 2-4. The club won the distinction in the 36-50 member category. District 13K includes 53 Lions Clubs in ten counties, including Fairfield.
"Our club members have worked very hard this year to serve our community and raise money for those in need," said Brian Fox, president of the Pickerington Lions. "I'm so happy that our hard work has been recognized with this award," he added.
To win the award, a variety of criteria was reviewed including the club's local service activities, fund-raisers, eyeglass and eye exam purchases, charitable donations, used eyeglass collecting, as well as participation in District Lions meetings, seminars and events.
The Pickerington club also received the District Humanitarian Award which is based upon the club's donations over the past eight months totaling over $10,000 to many individuals and charitable organizations.
Additionally, the club received the District Service Award in recognition of the many service projects performed by the club in the last year.
Fox and club secretary Bob Mauger were also honored at the convention with the Excellent President Award and Excellent Secretary Award, respectively. In order to be so honored, they had to fulfill a variety of requirements set out by the Lions District Governor.
Lions Club Donates Magnifying Reader
Pickerington, Ohio, December 6, 2011 - The Pickerington Lions Club recently donated a large, table-top magnifying reader to the Pickfair Square Apartment complex located on Jericho Road next to the post office.
The reader was donated to the Lions Club months ago by a local woman whose husband no longer had use for it. She gave it to the club because she thought the Lions would be able to find someone who needed it.
At Pickfair Square, the main user of the reader will be Mary Johnson, who told Lions Club members when the reader was set up that she hasn't been able to read anything in years because of very poor eyesight. She now enjoys reading newspapers and her old recipes again.
Pickerington Lions Celebrate 65 Years of Service in Pickerington
Lion Tom Brubaker is Presented
"Distinguished Service Award" at Event
Above: Lion Brian Fox reads the Distinguished Service Award before
presenting it to Lion Tom Brubaker.
The Pickerington Lions Club celebrated its 65th anniversary at the Pickerington Senior Center on November 5.
The event began at 6:30 PM with a social time for members and guests, featuring appetizers, punch and wine. The program began at 7:00 PM with dinner following shortly afterward. Dinner included salad, roast pork tenderloin, lasagna, mashed potatoes, vegetables and birthday cake.
The guest speaker was Jackie Christensen, president of the Canal Winchester Lions Club, who presented and commented on Helen Keller's famous 1925 speech to the Lions International Convention in Cedar Point, Ohio, in which she asked Lions to adopt the cause of the blind.
Also in attendance was Mitch O'Brien, Mayor of Pickerington, who presented the Lions with a mayoral proclamation congratulating the Lions on 65 years.
Sixty-nine Lions from around District 13K attended. All guests received a special, limited-edition Lions collector pin commemorating the club's anniversary.
One of the highlights of the evening was the presentation of the Distinguished Service Award to 56-year Lion Tom Brubaker. A very well-deserved award.
Sienna Float Wins the Lions 2011 Peace Poster Contest
The Pickerington Lions Club hosted its first Peace Poster Contest in years this year at Ridgeview Junior High School. Fifty-seven students of Cheryl Knox's art classes participated in the contest.
Their posters were among more than 350,000 entries submitted worldwide in the annual Lions International Peace Poster Contest. Lions Club's International is sponsoring the program to emphasize the importance of world peace to young people everywhere.
Canal Winchester artist Carolyn Sittler judged all entries.
Seventh-grader Sienna Float was the winning artist in the Pickerington Competition. The three runners up included: Ozian Fereja, Kayla Stanley and Samantha Lassahn. Awards were given out to winners and participants at a reception held by the Lions in honor of the students' entries.
Pizza Challenge Winners Announced
Lions To Hold Open House April 14
The members of the Pickerington Lions Club will hold their annual Open House on April 14th at the Pickerington Senior Center, 150 Hereford Drive.
Refreshments will be served at 6:30 PM and the program will begin at 7 PM.
There is NO COST. The public is invited to attend and learn about what the Lions Club does for the Pickerington Community. At this meeting, you will:
- Meet a working guide dog and learn how Pilot Dogs Inc., assists the visually impaired;
- See what becomes of the thousands of eyeglasses we collect & recycle;
- Learn how you can help the Lions Club make a difference;
- Meet our new mascot, Roary!
If you are looking for a way to give back to the community or lend a helping hand, please consider joining the Pickerington Lions Club.
In keeping with the Lions Motto "WE SERVE", please bring a non-perishable food item to donate to the Pickerington Food Pantry.
For more information, contact club president Brian Fox at 614-619-3977.
Pickerington Lions Club
wins Service awards at
District convention
Lions Adopt Family for Christmas
Lions Donates Thanksgiving Food For Needy Families
November 19, 2010: The members of the Pickerington Lions Club recently collected over 260 food items in order to create 3 large food baskets for three needy families at Thanksgiving. Each basket contained a variety of canned, boxed and non-perishable food items for a complete Thanksgiving Day meal as well as other meals. The club also supplied each basket with a $50 gift card for the families' use.
The families were suggested to the club by Fairfield County Jobs & Family Services.
9th Annual Lions Pizza Challenge Winners
APRIL 22: Who makes the best pizza in Pickerington? Members of the Pickerington Lions Club set out to find an answer to that question at its Ninth Annual Pizza Challenge held on April 22, 2010, at the PickeringtonSeniorCenter. Ten shops accepted the club's invitation, including Kingy's, Hungry Howie's, Catalfino's, Romeo's, Classics Pizza, Taranto's, Pizza Hut, Grapevine, Pizza Cottage and Eddie's Pizza & Deli.
The Challenge was divided into two categories: a "Judges' Choice" and the "Lions' Choice". The challenge was a "blind" taste test, meaning that no one knew what pizzas they were judging.
The winners of the JUDGES CHOICE were:
Catalfino's (Best Specialty Pizza) Kingy's (Best Pepperoni Pizza)
Romeo's (2nd Place Best Pepperoni Pizza) Romeo's (Best Sauce)
Taranto's (2nd Place Best Specialty Pizza) Kingys (Best Crust)
The winners of the LIONS CHOICE were:
Grapevine (Best Pepperoni Pizza) Taranto's (Best Sauce)
Eddie's (2nd Place Best Pepperoni Pizza) Pizza Hut (Best Crust)
"We really appreciate the community spirit of the shops that were involved," said club president Jo Ann Seaman. "The real winners of this event are the blind and sight-impaired who will be helped by the money raised at the challenge," Seaman added.
The judges for the Pizza Challenge were: County Commissioner Mike Kiger, Pickerington Chamber of Commerce President Helen Mayle, CW Chamber of Commerce President Kim Rankin, Violet Township Fire Chief John Eisel and Kiwanis Club Representative Mike Sabatino.
Lions Club Donations for 2010
MAY 12: The Pickerington Lions Club has donated over $8,000 over the last 12 months to the charitable and civic causes it supports. The club thanks the Pickerington Community for its support and generosity.
The Pickerington Lions Club will hold a "Membership Open House" on May 27, beginning at 6:30 PM at the Pickerington Senior Center, 150 Hereford Drive. Desserts, coffee and other beverages will be served. The public is invited and there is no cost to attend.
The purpose of the event is to inform & educate the public about what the Lions Club is and what it does for the community and beyond. Refreshments will be served beginning at 6:30. A short program will begin at 7 pm.
There will be two or three speakers from various organizations to briefly discuss how Lions have helped make a positive difference in the lives of those less fortunate. Other informational materials will also be available.
For more information on the Open House, call Brian or Lilane Fox at 614-833-4728.


text:
|Drawing this logo for the "I Write 4 Kids" blog was so easy. The client wanted a teacher's desk that looked like my teacher's desk. Well, except for the pink heels. I never seemed to have an organized desk -- until the end of the day when I cleaned up before going home. So, inspiration was easy and all too accurate.
|Home,., Art Classes,., ClipArt,., Classroom Powerpoints,., Email,., Facebook,., Folk Tales,., Hall of Fame,., Hammurabi,., k12flash,., Links,., Murals,., Portraits,., pppst.com,., Resume,., Templates,., World Travels
|For all the Free Clip art, click here .
| Want
more of my work? Go
to the homepage
of my clipart site or
explore Hammurabi,
some African
Folktales and my NEW!
Need Templates? Visit my template site and create your own presentations.
Check out a VAST amount of teacher resources at pppst.com with my art and compiled by the history people at MrDonn.org .
Wanna see my world travels or student art ? Take a stroll through my personal website.
I'm published! View PowerPoint presentations on ancient civilizations with Social Studies.com.
Facebook! Become a fan of my clipart and get notified when updates are made to the site.
Do you have a black background when you download clip art? Right click on the image and then use SAVE IMAGE AS to save the file on your computer and eliminate the problem.


text:
Baroness Buscombe will relinquish her post once a successor has been found, the watchdog said.
She will not continue beyond her three-year term of office which comes to an end in the New Year.
Announcing her decision, she stressed the need for the embattled PCC to continue its work rather than introducing "statutory intervention".
And she outlined a wish to contribute to Lord Justice Leveson's judicial inquiry into phone hacking and "participate fully in the overall debate regarding reform, unfettered by my role as chairman of the PCC".
Baroness Buscombe, 57, a barrister by training, has come under increasing pressure since she took on the role.
Announcing her plan to step down, Baroness Buscombe said: "I am very proud of my work at the PCC, which - from the very beginning - has been aimed at instigating the process of reform of the organisation.
"This included a governance review in the course of which I decided to make a number of internal improvements and the introduction of revised procedures in regard to the editors' code. This was always intended to be a springboard for further reform.
"I am pleased that the Commission want me to continue in post until my successor has been appointed. Thereafter, I will be able to be a campaigner for change from outside the organisation.
"I wish to contribute to the Leveson inquiry and participate fully in the overall debate regarding reform, unfettered by my role as chairman of the PCC."


text:
I love a good yogurt. But living in the Philippines, I have always found it so difficult to find a good, healthy yogurt that wasn't loaded with sweeteners and flavorings. Being a bit of a label-nazi, I always ended up opting to skip the yogurt, because the choices were so unhealthy and scarce. Now that Greek yogurt is available to us, I have rediscovered my old love. But what makes Greek yogurt a better choice? Let me break it down gently.
Given its creamier consistency, you would think that Greek yogurt would be a scarier option, if you are trying to watch your weight. But again, this brings us back to the topic of putting healthier food into your bodies, instead of perhaps low-calorie versions, that are screaming with chemicals. Greek yogurt, vs. a plain unsweetened low calorie regular yogurt, contains about the same amount of calories, but only half the carbs, half the sugar and more than half the sodium. But then again, A regular yogurt contains about 49% calcium as opposed to 25% in Greek yogurt, and also double the potassium.
The one big downside to buying Greek yogurt in the Philippines, is that it is pricier than a regular yogurt.. so at the end of the day, the choice is yours. But as for myself, I'll gladly shell out a bit more.. because Greek yogurt is much creamier and tastier.. and in my book also doubles as a great replacement for any recipe that requires mayonnaise.


text:
grid reference TL 869 410Something we've got wrong about this establishment? Something more you think we should know about it? Please email us
CAMRA West Suffolk & Borders branch.last updated 25/01/2020
Sudbury Lamb & Flaghistorical closure era: date unknown
3 Church St
The Lamb & Flag is known to have certainly been open at least between 1885 and 1907, possibly as early as 1865 and as late as 1922.
Our photo and map location show the pub on the assumption that the street numbering scheme hasn't changed.
It's also been reported at 3 & 4 Church Street.
(Most pub, location & historic details collated by Nigel, Tony or Keith - original sources are credited)
(** News reports reproduced with permission of Foxearth & District Local History Society)
(*** historic newspaper information from Bob Mitchell)


text:
For fiat Payment Out request, ANXPRO requires our users to add their bank details in anxpro.com or through mobile app. Please make sure to add the correct bank details to avoid any inconvenience. Please follow below steps on how to add bank account details in ANXPRO account.
Step 1: Select the 'Funds' tab
Step 2: Click the 'Payment Out' icon
Step 3: Choose the fiat currency you wish to make Payment Out
Step 4: Click the 'Bank Transfer' icon
Step 5: Click the 'Add Bank' icon
Step 6: Select the method of transfer by clicking the button
Step 7: Enter the details required by the platform by typing it in their respective fields**
Step 8: Click the 'Submit' button
Step 9: If successful, you will see your list of added bank accounts displayed after you click the 'Bank Transfer' icon.
**Your account name should be the same name as the registered name in your KYC form. ANXPRO digital asset platform follows the format, Given Name and then, Last Name.
IMPORTANT: We do not allow fiat Payment Out instructions to a third party account.


text:
I chanced upon an entry in the IMBB portal of a monthly virtual recipe club (VRC) initiated and hosted by Alysha of The Savory Notebook. The current theme is wholegrain quick breads and muffins. And I thought - wa-hey! I've got one already! I got this from the Great American Food cookbook by Leslie Allen which in turn was adapted from a recipe from the Morning Glory Cafe on Nantucket Island, USA. Well I don't know if this classifies as whole grain but it sure got lots of fiber in it and it's not sweet - perfect for breakfast. If you want this as a dessert or sweet snack type of muffin, you'll have to increase the sugars or crown it with some icing such as a cream cheese one.
Now why did I dream of making this? As you know, my cupboards were inventoried early this year for soon-to-expire items then I had lots of surplus carrots in the fridge which convinced me to try this. I didn't regret that decision. It's healthy enough to be hated by my kids ;). So I'm hogging them all for my lonesome self every morning (husband not fond of cakes or muffins).
I'm delighted with this post because besides that this is more on the healthy side in relation to my regular baking recipes, I'm actually submitting this almost a week from the deadline. Mrs. Always Late is way ahead on time at this instance. :)
Morning Glory Muffins
75 g [1/2 cup] raisins or sultanas
2 Tbsp rum
250 g carrots - peeled
1 apple - peeled and cored
110 g [1/2 cup] firmly packed dark brown sugar
55 g [1/4 cup] caster sugar (superfine)
140 g [1 cup] self-raising wholemeal flour
150 g [1 cup] self-raising flour
2 tsp ground cinnamon
2 tsp bicarbonate of soda (baking soda)
1/2 tsp salt
40 g [1/2 cup] sweetened dessicated coconut
55 g [1/2 cup] chopped pecans
3 large eggs - beaten
3/4 cup vegetable oil
1 tsp vanilla extract
- Preheat oven to 375°F/190°C/fan 170°C/gas mark 5.
- Grease or line with paper cases 3-inch diameter muffin pans.
- Boil the sultanas in the rum in a small saucepan. Once it boils, remove from heat and let cool.
- Shred the carrots and apple in a food processor or grate in a hand grater.
- Combine the eggs, vanilla, and oil in a small bowl. Whisk lightly. Set aside.
- Mix the sugars, flour, bicarbonate of soda, cinnamon, and salt in a large bowl.
- Add the raisins (with the rum) and toss.
- Stir in the carrots, apple, coconut and pecans.
- Add in the egg mixture to the flour mixture and stir until just combined.
- Spoon the mixture into the prepared muffin pan and bake for 20 minutes.
- Let it cool briefly then serve warm. These actually taste better the next day.


text:
Have fun and get inspired with these outstanding packaging projects! We love the variety and creativity of these favorite design projects that went through our plant this year. The goal in packaging is to give your audience a great first impression of what you stand for. When reviewing our 2016 packaging projects, we came across these outstanding custom printed packaging examples that create an instant hands-on experience and a wow factor that opens doors.
Custom box with slipcase and tray
About the project
6-7/16″ x 3-5/8″ x 15/16″ custom box with slipcase and tray.
4 color print.
D&K Soft Touch Matte lamination.
Desert Essence Corrugate Box
About the project
Tuck lock box corrugate with direct print
Dimensions: 10 x 5 x 1 1/2
Die cut insert to hold 6 bottles
Presentation Sales Box
About the project
11-3/4″ long x 10-9/32″ deep x 2″ wide
4-1/2″ round closure flap with Velcro®
Tuck lock construction
Natural Matte lamination
Exclusive Pack Sales Box – Custom Envelope
About the project
12-1/4″ wide x 9-1/2″ high custom envelope with 1/2″ wide zipstrip. Includes peel and seal tape.
4 color print.
Natural Matte lamination.


text:
Volkswagen Is Making A Significant Bet On Future Mobility Services With MOIA
Volkswagen AG announced a newly formed company that focusing on ride-hailing, autonomous driving and electric cars, aiming to compete with Uber Technologies Inc. and other tech rivals. The German car giant says that it hopes to generate 'a significant share' of its sale revenue from these new services by 2025.
The move marks the latest step by the Wolfsburg, Germany-based auto maker to get past an emissions-cheating scandal that has cost the company about $20 billion. The scandal has threatened to slow Volkswagen's efforts to catch up with rival car makers as they move into new technology services that are transforming the auto industry.
The standalone company, MOIA, will be headquartered in Berlin, where it will likely test out many of its new services before expanding them to other cities. It is the latest move by a major car manufacturer to embrace so-called "mobility solutions'. It also expects to be one of the world's three biggest mobility providers as well as to generate 'a couple of billion' euros in a few years, according to MOIA Chief Executive Ole Harms.
To do this, MOIA will be focused first on setting up on-demand shuttle services, using original designs for small, and multi-passenger shuttles that are intended to operate with electric drivetrains for maximum efficiency with minimum impact.
But MOIA – which means 'magic' in Sanskrit – has bigger aims than simply being a competitor to popular ride-hailing company Uber. It'll also produce its own vehicles, with the first purpose-built MOIA possibly arriving 'late next year,' that featuring electric and eventually autonomous technology.
MOIA will introduce its services in 'two European cities' in 2017. It aims to 'work closely with existing public transport sys', hoping to avoid the animosity companies like Uber have experienced when going up against local businesses.


text:
Remember you're simplifying your life, so think twice before you break out your credit card to pay for something that you either don't need, or can't afford.
Stay out of debt
If you can't afford something, let it go until you can. There is no need to take on debt because it just adds anxiety to your life. The anxiety will take away from your moments of peace. You can live with less and enjoy life with what you have.
Get even more tips and tricks for success in my book Life Reboot: An Inner Wisdom Guide To Finding Your Passion and Purpose, get it now.


text: Artifact Details Title magicJack Catalog Number 102716433 Type Physical object Date ca. 2001 Manufacturer magicJack Dimensions overall: 5/8 in x 8 1/2 in x 5 1/4 in Description Object consists of a device for connecting a telephone to a USB port, together with a USB extension cord and packaging which also, contains instructions. Category Component/connector Credit Gift of Bob Sanguedolce Lot Number X6201.2011


text:
Routes : North America : United States : Pennsylvania : Northcentral Region : Blue Run Rocks : Aiders Rock : Liberal Line
Liberal Line -Average Rating : 0.00 out of 5
Route sequence (left to right): 1
Route Summary | Ascent Notes (0)
Premier Sponsor:
TR anchors at the top
Description:Left Corner of Downhill side of Aiders Rock. A great climb. Work up the edge and move in near the top.
Submitted by: nheston on 2006-07-27
Views: 430
Route ID: 57517


text:
The Malta Statistics Authority (MSA) is an equal opportunities employer.
The filling of vacancies within the National Statistics Office (NSO), its operative arm, is carried out in accordance with terms and conditions established by the MSA specifically for the grade where vacancies exist.
Recruitment is carried out by means of a selection process conducted by a selection board appointed for the purpose by the MSA.From time to time, the NSO is also looking for survey interviewers that may wish to work on ad-hoc survey data collections. Interested
persons are invited to fill-in the following online
application form.


text:
Resources > Library
The library contains a large collection of books on a variety of subjects, and also a small collection of video cassettes and DVDs, and a CD ROM, all of which are available to members of Birmingham Humanists. The collection is held at the house of Percy Lea, the Librarian, who brings a selection of books to each meeting. If there is a particular item you would like to borrow, you can request it by emailing Percy with its title and the author's name. He will then bring the book to the next meeting.
You will be asked to sign for any book you borrow in the record book provided. Members can borrow books for a period of three months. To extend the loan period, email the Librarian or contact him at the next meeting. When you return a book, the Librarian will sign and date the record book to show that you no longer have it.
You will find details of all the books in the collection in the lists below, which are categorised under four main headings.
This page was up to date on 18/05/2013.


text:
Pituitary tumours are classed as brain tumours. But they are different to most other brain tumours and are usually benign (non-cancerous).
This information should be read with our general information about brain tumours.
The pituitary gland is a small, oval-shaped gland at the base of the brain (see diagram below). It's below the optic nerve (the nerve that leads to and from the eyes).
The pituitary gland produces hormones, which control and regulate many of the other glands in the body. These glands release hormones that help control and regulate growth and how the body works.
The pituitary gland is divided into two parts: the anterior (front) and posterior (back).
The anterior pituitary gland produces several different hormones:
- growth hormone, which controls growth
- prolactin, which stimulates the production of breast milk after childbirth
- ACTH (adrenocorticotrophic hormone), which stimulates the production of hormones from the adrenal glands
- TSH (thyroid-stimulating hormone), which stimulates the production of hormones from the thyroid gland that help control growth, metabolism, and reproduction
- FSH (follicle-stimulating hormone), which stimulate the ovaries in women
- LH (leuteinising hormone), which stimulate the testes in men.
The posterior pituitary produces:
- ADH (anti-diuretic hormone), which reduces the amount of urine produced by the kidneys
- oxytocin, which stimulates the contraction of the womb during childbirth and the release of breast milk for breastfeeding.


text:
SACRAMENTO, Calif. (12/8/15)--Diana Dykstra, president/CEO of the California and Nevada Credit Union Leagues, has been named president of Western CUNA Management School (WCMS), the board of trustees announced this week. Dykstra will replace James D. Likens, who has served as the organization's president for 44 years.
The board also announced that Michael Steinberger will expand his role and begin serving as the dean of academics.
"(Dykstra's) work on campus and her leadership role in the credit union movement will be critically important as the school works to meet the ever-changing leadership development needs of today's credit unions," said Gene Pelham, WCMS board chair and president/CEO of Rogue CU, Medford, Ore.
Dykstra will guide WCMS into a new era of credit union leadership development, the board said. She will serve as the executive lead and as a direct connection between the school and the credit union movement.
Dykstra, a project reader and an instructor at the school, graduated WCMS with honors in 1992, and has served as the president of the California and Nevada Credit Union Leagues since 2010.
Steinberger, who will partner with Dykstra on this effort, will serve as the academic lead and as the principal driver of future-focused leadership development programs, according to the board. Steinberger joined WCMS in 2006 as associate dean, and is an associate professor of economics as well as a recent department chair at Pomona College, Claremont, Calif.
"Michael will bring to WCMS academic leadership of the highest order," Likens said.
Added Dykstra: "Michael has been instrumental in building a strong academic program for our students. Under Dr. Likens' mentorship, he has been fully immersed in the school's ethos and I am fortunate to have the opportunity to work with him to build upon the legacy of Dr. Likens."
Likens will officially step down Dec. 31. Dykstra and Steinberger, meanwhile, are currently working on building out a new strategic plan and curriculum for next school year.


text:
Tires Argyle NYView a list of all locations
I was very impressed !!!!! I was told my vehicle would be ready in about 1 1/2 hrs and I doubted that estimate because those guys were hopping busy...I went out to eat and when I came back the service rep was just pulling my SUV up to the front of the store...They were true to their word and they sure know how to hustle...:-) My wife needs tires for her car too & I'm sure I'll be coming back to the same Mavis....Jack :-) - Argyle, NYPlease search, call or visit our tire shop to see which tires we have at discounted prices for your vehicle.
The guys here are awesome and friendly!! - Argyle, NYOur stores are staffed with tire professionals who can help guide you to the best choices for your car.
Guys did an awesome job. Quick clean and professional. Knowledgeable staff have me helpful tips and information, and I couldn't have asked for a better experience! Thanks a lot guys! - Argyle, NYBridgestone, BFGoodrich, Continental, Cooper, Dunlop, Firestone, Fuzion, General, Goodyear, Hankook, Kelly, Michelin, Pirelli, Uniroyal, Yokohama, to name a few of the many brands that we offer.
Adam always gives us excellent service. - Argyle, NY
Customer Reviews in Argyle NY:Danny and Adam are always very helpful. - Argyle, NY
Mavis Discount Tire Queensbury NY
Had an emergency type flat tire on a trailer that was loaded and I needed a tire fast so I could get back to the load. Mavis had the tire and fixed it quickly. - Argyle, NY
Mavis Discount Tire Queensbury NY
Was very happy with everything. - Argyle, NY
Mavis Discount Tire Queensbury NY


text:
A short film for The Outpost.
A few more images from our film and photography shoot at Gino's, Leeds. Mostly with the ace new 5D mk4 and the 16 - 35 2.8l mk2
Filming at Gino D'Acampo's slick new restaurant in Leeds.
Southwark, London. Ricoh GR
Freezing start to the day filming at Manor Park in Aldershot. Ricoh GR
Newer Posts
Older Posts
Subscribe to:
Posts (Atom)


text:
no news in this list.
The 33rd ECMI Mathematical Modelling Week will be organized by the Center for Computational Engineering of the Technische Universität Darmstadt, and will take place from February 24 to March, 3, 2019 in Darmstadt, Germany. ECMI has been running annual Modelling Weeks ... [more] »
The 4th International Conference on Computational Engineering (ICCE 2017) will take place from Thursday, September 28, to Friday, September 29, 2017 at the darmstadtium conference center next to Technische Universität Darmstadt. The conference is organized by the Graduate School of Computational Engineering (GSC CE) at TU Darmstadt together with the ... [more] »
On May 30 and June 27/29, 2017, a workshop "Towards Holistic CE" will be organized by the Graduate School CE. The workshop has its focus on approaches for integrating methodological components between Mathematics, Computer Science and the Engineering Sciences. Nine invited speakers from academia and industry will give talks about concepts and ... [more] »
The idea behind this conference, organized within the DFG-Priority Programm 1506, is to have an international high-level meeting, focused on fundamental experiments, modeling, analysis and numerics of two-phase fluid systems with emphasis on the detailed description of transport processes and phenomena occuring at the deformable interface. In particular, ... [more] »
The 2015 OctConf, conference of Octave developer and programmers, takes place at Graduate School CE. The conference is organized by Sebastian Schöps, one of the research group leaders at the Graduate School, together with his group. [more] »
The first two international Workshops on Computational Engineering have been held in Munich (2009) and Darmstadt (2011). The 3rd International Workshop on Computational Engineering to be held in Stuttgart from October 6 to 10, 2014 aims at discussing the state of the art and the further evolution of numerical techniques for simulation in engineering and ... [more] »
The workshop on quench simulation brings together researchers and developers from CERN, Geneva, the Graduate School CE and the Computational Electromagnetics Laboratory (TEMF), TU Darmstadt. They will discuss on efficient numerical multi-phyiscs simulation techniques for transient effects in superconducting accelerator magnets. Modeling of the ... [more] »
Within its series of meetings, the VDE/ITG Section "5.1 Information and System Theory" will organize a one day workshop on the topic "Interference management and cooperation in communication systems - physical layer and crosslayer approaches" at Technische Universität Darmstadt on April 10, 2014. The objective of this workshop is to ... [more] »
The workshop was organized by the "Verein zur Förderung von Wissenschaft und Ausbildung" in memory of Professor Alex B. Gershman, a former PI of the Graduate School of Computational Engineering. The workshop was held in the former main building of Technische Universität Darmstadt at Hochschulstrasse. Eleven international scientists of outstanding ... [more] »
The workshop on coupled descriptor system is organized mainly for applied mathematicians and engineers, in particular from mechanics and electromagnetic theory, who work with coupled problems of differential equations. This includes also multiphysical systems. Besides modeling and analysis, the focus lies on the numerical treatment of differential-algebraic ... [more] »
In December, the 9th Workshop on Virtual Reality Interaction and Physical Simulation – VRIPHYS 2012 will take place in Darmstadt. The workshop is hosted by the Graduate School of Computational Engineering and the Interactive Graphics Systems Group at the Technical University of Darmstadt ... [more] »
This international workshop provides an open forum for communication among developers using OpenFOAM® technology and OpenFOAM® users from academia, industry, and government. The technical organization is informal, and offers the option of podium and poster presentations. The goals of the symposium are to:
The IRTG 1529 "Mathematical Fluid Dynamics" and the Graduate School of Computational Engineering are jointly organizing the Workshop "Modeling, optimization and simulation of complex fluid flow" at the TU Darmstadt (Dolivostr. 15) from June 20-22, 2012. 12 renonwned invited speakers will cover the modeling, simulation and optimization ... [more] »
Optimal control of partial differential equations (PDEs) is a very active field of research in applied mathematics. In the recent past substantial progress has been achieved in this field concerning theoretical as well as numerical aspects. [more] »
The 2nd International Conference on Computational Engineering will take place from Tuesday, October 4, to Thursday, October 6, 2011 at the darmstadtium conference center next to Technische Universität Darmstadt. The conference is organized ... [more] »
The International Workshop on Multi-Scale Methods in Computational Engineering, which is organized by the Graduate School CE, provides a meeting place for researchers and practitioners working on computational methods for multi-scale problems in all disciplines of engineering and applied mathematics.
The aim of the workshop is to discuss the state of ... [more] »
Novel robotics applications driven by research, industry and society call for the development of systems of ever increasing complexity: systems with sliding autonomy; humanoid robots; distributed robots; mobile sensor networks, and so on. But nfortunately, steady improvements in robot hardware have not been matched by corresponding advancements in robot ... [more] »
The goal of the workshop is to attract high-quality research papers in the domains of dynamic simulation and physical interaction in virtual reality environments. We also welcome papers showing on-going research with promising results and new technology with applications of related focus. [more] »
The iTi (interdisciplinary turbulence initiative) is a series of conferences organized in order to focus on different aspects of both fundamental and applied turbulence research. Therefore, both engineers and physicists working in the field of turbulence are invited to join the conference. Topics comprise themes such as: Fundamentals, Modeling, ... [more] »
The International Research Training Group (IGK 1529) "Mathematical Fluid Dynamics" will organize a one day workshop on the topic "Fluid Structure Interaction" at Technische Universität Darmstadt on June 16th, 2010. Research of the training group focuses on analytical, stochastic, geometric and optimization oriented as well as on ... [more] »
A short workshop in the field of "Nonlinear Programming" organized by Prof. Martin in Cooperation with the Zuse-Institut Berlin will take place at the Graduate School CE. The talks concentrate on approaches for solving large-scale numerical optimization subproblems appearing in Mixed Integer Nonlinear Programming during heurstics or a nonlinear ... [more] »
To intensify the interdisciplinary discussion and cooperation within the Graduate School CE a retreat will take place in March 2010. In this 2-day workshop, all Principal Investigators, Research Group Leaders and GSC Students will be enabled to obtain a thorough overview of the numerous research activities. Therefore all students get the chance to present ... [more] »
Within its series of round tables, the VDE/ITG Section 5.2.4 "Mobility in IP-based Networks" will organize a one day workshop on the topic "Interference Management and Cooperation Strategies in Communication Networks" at Technische Universität Darmstadt on February 18th, 2010. Interference is an inherent effect in communication ... [more] »
The International Workshop on Computational Engineering 2009 will provide a forum for state-of-the-art research in Computational Engineering and cover all aspects including modelling, numerical methods, efficient (parallel) implementation, software, visualisation, validation, or specific application scenarios. The workshop is organised by the Research ... [more] »
The Second Indo German Conference on PDE, Scientific Computing and Optimization in Applications Sponsored by INSA-DFG, CSIR & DST will be held on October 7-9, 2009. In the current scientific community there is more than abundant evidence which reveals that scientific computation and optimization are very powerful tools, utmost necessary to update the ... [more] »
Technische Universität Darmstadt
Graduate School CE
Dolivostraße 15
D-64293 Darmstadt
Send e-mail to assistants' office
Show a list of open BSc/MSc topics at GSC CE.