text:
Inside the chaos in Kenya
A MONTH ago, Kenya's President Mwai Kibaki brazenly stole a national election, abruptly reversing the nation's progress toward a mature democracy. Violence since Election Day has taken nearly 1,000 lives and left a quarter-million homeless.Actually both sides tried to stuff the ballot boxes. The frustration of the losers is increased when they cheat and still lose. Perhaps these African countries would be better served if they were dissolved into smaller homogeneous units. What is clear from the violence in Kenya is that ethnic cleansing is worse than democracy.
Now a legislator allied with Raila Odinga - the man who actually won the election - has been assassinated. The police and military have been unable to contain the savagery in the streets.
First, Odinga's outraged backers ethnically cleansed members of Kibaki's tribe, the Kikuyus. Then put-upon Kikuyus struck back, driving out Odinga's Luo and other minority tribes. Spontaneous rage coalesced into organized purges. Ex-UN chief Kofi Annan's attempts to reach a compromise continue to fail.
But it's not only corrupt local pols who are to blame. Kenya's sudden nightmare is also the fault of pompous Western theorists and impossibly arrogant diplomats. (Our embassy in Nairobi's botched response to the stolen election alienated both sides in turn.)
The horrific violence in Kenya has its roots in three things: the corruption we overlook, the forms of democracy we demand - and, above all, the tribes that left-wing academics insist are only wicked European inventions.
Our tolerance for corruption (our ambassador initially hailed Kibaki's "victory") may be the most pernicious remaining form of racism - our all-too-ready acceptance that developing countries just can't rise above it. And corruption is a cancer that infects every organ of a society.
At least we grasp, on some level, that corruption is wrong. It's the other two factors - ill-fitting forms of democracy and the persistence of tribes - that steer our good intentions into the express lane to Hell.
Kenya was long one of the continent's few stable states - yet people there kept on voting along tribal lines. As they do in Iraq. And Afghanistan. And Pakistan, Indonesia, Nigeria . . . just throw a dart at the map. Impose Western forms of democracy, and majority or plurality tribes win - then view their victories as license to loot. It doesn't even occur to them to share.
Our type of democracy works in homogeneous countries, such as Sweden or the Netherlands, where campaigns are strictly about issues - or in countries, like our own, that are so diverse no "alpha tribe" can lord it over everybody else.
But democracy as we know it doesn't work in countries where competition for resources persists along tribal or religious lines. (Kenya also has a Christian-Muslim fracture, though it's not at the forefront now.)


text:
- Price$389,950
- Beds4
- Baths3
- Sq. Ft.2,175
- Acres0.13
- Built2018
- Listing StatusActive/pending-call
1222 Barn Owl, Sparks
This home offers the largest design at Homestead offering approximately 2,175 square feet of living space including four bedrooms, two and one-half bathrooms and two-bay garage. The first three bedrooms are located off the hall from the entry and offer plenty of space for the kids. The entry also leads straight into the heart of the home that encompasses the family room, nook and upscale kitchen, plus easy access to the dining room. The master bedroom is spacious and features a walk-in closet and
Property information
- Price$389,950
- StatusActive/pending-call
- Sales TypeNone
- Annual Taxes$583
- Bedrooms4
- Bathrooms3.00
- Full Baths2
- Half Baths1
- Stories1 Story
- Square Footage2,175
- Acres0.13
- Year Built2018
- Garages2
- Garage TypeAttached
- Horses OKN
- TypeResidential
- Sub-TypeSite/stick Built
- ZoningSFR
School Information
- ElementaryBeasley
- MiddleShaw Middle School
- HighReed
- UtilitiesElectricity, Natural Gas, City/County Water, City Sewer, Cable, Telephone
- Exterior FeaturesNone, N/A
- WindowsDouble Pane, Low E
- RoofPitched, Tile
- ConstructionFrame
- FoundationConcrete Slab
- ExteriorStucco
- FencedFull
- SprinklersFront, Drip-Front
- Patio/DeckNone
- LandscapedYes, Partially Landscaped
- ViewYes, Mountain
Community Information
- Address1222 Barn Owl
- AreaSparks-Suburban
- CitySparks
- CountyWashoe
- StateNV
- Zip Code89436
HOA Information
- Fees$35
- FrequencyMonthly
- AmenitiesCommon Area Maint
- Living RoomGreat Room
- Family RoomGreat Room
- Dining RoomSeparate/Formal, Great Room
- Master BedroomWalk-In Closet, Double Sinks, Shower Stall, Garden Tub
- KitchenBuilt-In Dishwasher, Garbage Disposal, Microwave Built-In, Island, Pantry, Breakfast Bar
- Other RoomsNone
- LaundryYes, Laundry Room, Cabinets
- Personal IncldNone, Smoke Detector(s)
- FireplacesNone
- Floor CoveringCarpet, Ceramic Tile
- Water HeaterNatural Gas, On Demand
- Heating/CoolingNatural Gas, Electric, Forced Air
- Interior FeaturesNone, Smoke Detector(s)
- AppliancesGas Range/Oven
Listing Details
- Date ListedMay 31st, 2019
- Days on Website231
- Financing OptionConventional, FHA, VA, Cash, Exchange 1031
- Listing OfficeRe/max Realty Affiliates-reno
The data relating to real estate for sale on this web site comes in part from the BROKER RECIPROCITY Program of the Northern Nevada Regional MLS. Real estate listings held by brokerage firms other than Keller Williams Realty are marked with the BROKER RECIPROCITY logo or the BROKER RECIPROCITY thumbnail logo and detailed information about them includes the name of the listing brokerage.
The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.
© 2020 of Northern Nevada Regional MLS. All rights reserved.
Listing information last updated on January 17th, 2020 at 11:15am PST.

subset: commoncrawl


text:
"My Landlord in Ikeji-Arakeji was a pastor popularly referred to as "Baba Fire" because he was a Fire brand General overseer of a growing church. He was genuinely called of God. Despite being a Yoruba speaking church, Youth corps members like me, attended "Baba Fire's" Church, because of his depth in the Word of God and Healing Anointing. He was a man in his late forties.
Baba Fire picked interest in me and would ask me to come for prayers anytime he was at home. He told me he saw a light in me that would draw nations to the light of God. Through his persistence, I became genuinely born again. I also caught the fire. I got baptized in the Holy Ghost. He taught me how to pray for long hours…
In no time, I was on fire for God. Some Yoruba non speaking Corp members walked up to me and pleaded with me to stand in as Baba Fire's interpreter. They wanted me to be the English interpreter.
I tendered their request to Baba Fire who gladly embraced the idea.
I became Baba Fire's interpreter, this made his ministry experience a boom, as almost all the Youth Corp members started attending his church. Even the non-indigenes who did not understand Yoruba like the Igbos, the Edos, those from Benue who were all in Ikeji-Arakeji and its environs started worshipping in Baba Fire's church because of the English interpretation. God used me to expand his ministry.
By the time my one year of service was coming to an end, Baba Fire called me to his Prayer Room on one faithful Saturday morning…
"Raymond, your coming to Ikeji Arakeji was an answer to my years of prayer. God told me He was going to make this ministry go all around the world, but I kept telling him I couldn't speak English. He told me He was going to send me an Aaron that will help my speech to be heard everywhere including in front of kings and nobles" Baba Fire said in Yoruba Language
"I believe you are that person God told me about, I would like you to be more than my interpreter, I would want you to be my Assistant so that this work of God in my hands can light up the world," he said.
Baba Fire was asking me to give up a good life in Lagos as a potential Civil servant to become a "Village Pastor".
I didn't know what to say!
Baba Fire told me he was not in a rush and he wasn't trying to enforce his will on me, he advised I should go pray about it.
At that time, Baba Fire had trained me in the act of praying and receiving from God, so I went on a personal retreat for some days.
One sunny afternoon after returning from the primary school I was serving as a teacher, I slept off very exhausted.
In what looked like an open vision or trance, I saw the Late Apostle Joseph Babalola who was a revivalist in the 1930's whose ministry hailed from the same town of Ikeji-Arakeji tapping me from sleep and speaking to me in the Yoruba Language… He had received his call in that town in 1928
"Raymond, you are to assist Gabriel in his assignment, you will be his voice where he may not be heard, rise up and follow him, don't betray him and don't stop following him, for this purpose were you created, ask your mother"
It was a very short trance, but very powerful. I had goose pimples all over my body like a high spiritual power was in my room, I broke into tongues and laid down in the room. I didn't know how long I spent in that position, until I rose up and found out it was dark. From my estimation, I had spent four hours slain in the Holy Ghost.
When I stood up and went out to join my other Youth Corp members, the moment I got to the corridor, they all fell to the floor like an electric wave from my body hit them. Some of them burst into tongues, while others who were not born again started weeping under the influence of the Holy Spirit. Baba Fire met us there and started praying with us. A little crusade started that night, as neighbors joined us.
The next day, I called my mum and explained in details all that happened…
"I am not surprised, that is your destiny, accept it son. You know, when I was looking for a male child after having enough daughters, I told God if He gave me a son, I will give him back to Him, so the trance you saw is correct, you were created for God's Glory." My mother had said
That was how I agreed to be Baba Fire's Assistant….
After my set had left Ikeji-Arakeji, I stayed behind for another 5 years working passionately for God under Baba Fire.
In no time, Baba Fire's church had grew from 130 members to close to 2000 members. We were able to build a small cathedral of about 2500 members. We had started having Elites in our church, even to the point of having the First Lady (Governor's Wife) as a member of our church. All these were possible because of the level of exposure I brought into the ministry.
Baba Fire started having international ministrations which I had to follow him to, because I had to interpret in English Language…
(adsbygoogle = window.adsbygoogle || []).push({});
He was getting blessed with cars, houses, money and a lot of gifts. At this point, the Spirit of Greed took over me. I felt I was the one pulling the crowd to his church and should be in charge of all that he was in charge of. I felt He was using my glory, and I decided it was time for me to pull out and start my own ministry. My mum was not happy with the idea, but Maggie who at time was my fiancée, gave me strong support. She was also of the opinion that I had what it took to be the General overseer of my ministry and not laboring for another person, who someday will hand over the baton of the ministry to his children.
Maggie and I got married after my fifth year under Baba Fire. We settled in Ikeji-Arakeji but Maggie and I were not contented with the life over there. I would come back home every Sunday lamenting over how the church members were blessing Baba Fire more than they were blessing me. Maggie would also add to my misery by telling me it was obvious I was just been used by my G.O.
We both decided in the second year of our marriage to move to Lagos and start my ministry there, whenever the opportunity presented itself. Not long after our resolution, a woman who usually came for prayers all the way from Lagos became our source of motivation. She was always encouraging me to come over to Lagos…
"Pastor Ray, your anointing is underutilized and not appreciated here as it should be, you should come to Lagos or go to somewhere like Abuja or Port Harcourt, I tell you sir, under a year, your church will be the talk of the Town."
"I know, but God asked me to assist Baba Fire here"
" Well you have done a great job so far, maybe God just wanted you to learn under him, Pastor Ray I think this is the time you should launch out, Bible says we should go and preach to the uttermost part of the earth, not just in Ikeji-Arakeji town" She said laughing…
"Honestly Pastor, if you are interested, my husband and I will be willing to invest in you financially to start up your church"
I was so excited about the opportunity and on getting home to Maggie I discussed the development with her. She was excited as well, and encouraged me to take up the offer. She even asked me to call her immediately to accept the offer.
On calling her, she was excited as well and she asked me to come over to Lagos to see her husband over the weekend. She said, she would want it to seem as if I came over to pray for her family and from there she would take care of the rest.
I travelled to Lagos for a prayer vigil at her home. On getting there, her husband and children were not at home, she told me they would be home before the vigil. She lodged me in her visitor's room and inside the room, everything I needed had been arranged there including food and drinks.
Around 11:45pm, she called me over the intercom, that she would join me in the Living room for the vigil.
On getting to the living room, the place was empty. Her supposed husband and children were nowhere in sight. As I sat wondering, she walked out of her room in a see- through net gown, and underneath she had nothing on. My heart raced and right there I lost my strength, I couldn't resist her. I slept with her and that was the beginning of my woe. I believe that was where I got the strong attraction, for married women.
She kept to her word, and set me up in Lagos. But I hid my affair with her a secret between us. I didn't tell anyone, not even Maggie or Baba Fire.
On returning to Ikeji-Arakeji, Baba Fire called for me, asking me what I had done. I acted in denial, he asked me the question 3 times….
"Raymond, what have you done?" and my answer those three times were "Nothing Baba".
Maggie and I moved out of Ikeji-Arakeji around 10pm 4 months later to avoid being noticed. We didn't inform Baba Fire, we only dropped a letter at our missionary home that had been provided for us. I stated in the letter that I was led by God to go start my ministry. I apologized for leaving without prior notice as I knew he (Baba Fire) would not want to release me.
We immediately changed our lines to avoid calls from Baba Fire, when we got to Lagos.
"Are you saying, you have not heard from him since you both left there" I asked Ray who sat in front of me narrating the issue to me…
"I only heard from him, after about 2 months of starting my ministry. Till date I don't know how he got hold of my phone number.
"Ray, you made me an object of ridicule, you brought me disgrace, may you forever be caught in the web of shame and disgrace. You will continually see shame in your ministerial work" Ray recounted the exact words Baba Fire said to him over the phone
"Ha! My God! He said all these and you never went back to plead?" I asked Ray.
"No, Maggie told me, it was just an empty threat" At that point I understood why Pastor Maggie was able to cover and condole Apostle's sinful lifestyle, they both rebelled against God.
It all made sense to me, Apostle was never meant to be an Apostle or a founder of a ministry, he had been called to Assist a founder instead. The Marine powers and the spirit of immorality was able to swallow him up, because he was not in the perfect will of God…
The question in my heart as we both became silent were the first words that came out of Ray's mouth…
"Is it possible for me to close down my church that I have invested so much in and return to Ikeji Arakeji to become the Assistant of an illiterate?"
Ray kept to himself for two days, as the thought of losing everything he had was too much for him to bear. He told me he was going to ask for the Mercy of God and permissive will of God, to let him Continue with his ministry.
I tried talking him out of this, telling him it was better to obey the will of God 100 percent. I was not planning to be like Pastor Maggie who acted as a Jezebel of a wife, who made her husband sin against God. For those two days he locked himself indoors, I was fasting, asking God for a second chance for him. I cried unto the Lord telling him, I know I got into this shoe of marriage thinking it was going to be glamorous, but on getting in, it felt like stepping on broken glass. I told God I was going to stay in the marriage, but I needed him to help me work on Ray, so that I could still make something meaningful out of the oversized shoes…
On the third Day, Ray came out of the room and told me he was ready to go to Ikeji Arakeji, and he would love me to go with him. I was excited God had done what I prayed for. I put a call through to my mum, asking her to please come stay with the triplets, but she told me she was very ill.
There was no one we could trust the kids with, I suggested his estranged sister who was living close to us, but he refused. We decided to take the triplets along, but drop them off at his mother's place at Sagamu. On getting to his mother's home, we explained all that had happened and what we were about to do, his Mother was excited, she started jumping and praising God. In excitement, she said she was going with us, she said for years she had been unhappy about the church he established, she saw what happened as God's show of Mercy towards her.
We couldn't go to Ikeji- Arakeji that day anymore. Early the next day, we set out and got there in peace alongside my mother in law and the triplets.
On getting to the Church Premises, Ray kept exclaiming "Ha! Ha!" repeatedly. When I asked him why, he said the church had become bigger than how he left it. He said it was 6 times bigger than how he left him. We asked the church secretary on how to see Baba Fire, but she told us, we had to book an appointment with his P.A for over a month, as there were people from all over coming to see him, but on seeing the triplets, she showed compassion on us by giving us a way out…
"There will be evening service today, the moment Baba is rounding up his message, go and stay around where he parks his vehicle. The moment you see him coming, start shouting his name and your name telling him the reason why you are here to see him, if he is interested in seeing you, he will ask his security to call you."
I could see that Ray felt belittled by that Approach, but I held his hand and gave him a smile of encouragement.
We stayed in the church premises till the evening service, few old members recognized Ray and they exchanged greetings. Some shared their condolence about Maggie's death. Others praised him over his ministry as they confessed they watched his T.V broadcast anytime they were in Lagos.
The service was a glorious power packed service, and the icing on the cake was Baba Fire's ministration. At that Point, I knew why they called him Baba Fire, he was a mobile fire carrier, and I could see who Ray took his preaching style from. Baba Fire was a thorough Bible teacher. At some point, Ray could not help his tears, he kept crying in the auditorium, he was attracting a lot of attention, I had to pull him out.
"Happy, Baba Fire now speaks English, even though he still uses an interpreter" Ray said in tears with disbelief and regret in his eyes. Baba fire was still preaching in Yoruba language with the help of an interpreter who interpreted in English, but at intervals Baba Fire spoke fluent English. From that I learnt no one was indispensable…
We followed the advice of the secretary and stayed around his car. The moment Baba Fire came out, Ray started shouting
"My Father, Baba Fire, I am back, it is your first Son Raymond, Just like the Prodigal Son, please I am back" Apostle said in Yoruba, and I couldn't help but cry, I felt the shame, I knew it took a lot for him to say those words, he had gotten to a high point in his life and ministry, but all of a sudden, he realized God was never with him…
Baba Fire stopped in his tracks, he recognized the voice, he looked around and saw Raymond, but you could see pain and hurt in Baba fire's Eyes. He turned away from us and entered his car….
Baba Fire refused seeing us, even after staying a week in Ikeji-Arakeji. Different people had gone to speak to Baba Fire on our behalf, but he would not set his eyes on Raymond.
Raymond's mother had found her way to see him on one of the counselling days, but he respectfully told her to please leave his office. Baba Fire had been deeply hurt. I heard he was always around Saturday morning for marriage counselling, so I decided I was going to go see him.
I prayed before leaving and I asked for the Wisdom of God…
When it was my turn, he didn't recognize me. He asked me what my challenge was. I told him about my marriage…
"I got married over a year ago, and my husband has only touched me once, it hurts knowing that my husband satisfies his sexual urge with married women under our roof. Sir, do you know how hurting it is, when someone who ought to give you joy brings you tears that is how I feel. Sir, my husband is back and genuinely born again and is asking for my forgiveness, do you think I should forgive him?" I said in Yoruba language
"Yes, it is a must that you must forgive him, to err is human, to forgive is divine, meaning it is normal for human beings to offend us, but if you are a genuine child of God, you must learn to forgive… You must forgive your husband and accept him back…"
"Thank you Baba, but why are you finding it hard to forgive my husband?"
There was a moment of silence, and I didn't need to explain who I was and who my husband was…
(adsbygoogle = window.adsbygoogle || []).push({});
Baba Fire was in pain…
"I trusted Raymond too much, and he stabbed me in the back"
"He is human Baba, and it is normal for us as humans to err. Please Sir, forgive my husband and let him come back to you. We are ready to serve under you. We are ready to move to Ikeji-Arakeji. My father, God has fought for you, he has brought him back to you to fulfil his initial assignment" I wept knowing this was not also my dream, I wanted to be the wife of a general overseer in the city wearing heels, but I didn't know that was not the will of God for the one who would be the wife of Pastor Ray, she was to be the wife of an Assistant Pastor in Osun state.
"That assignment has been given to another, there is no more space for him here"
"You can create one for him"
Baba fire knew I was not going to let him go unless he blessed my husband.
"Where is he?"
"He is at the hotel"
"Bring him" he said
I didn't want to take any chances, so I called him instead, to rush down to the church.
He came along with the triplets and his mother.
The moment Raymond stepped in, he laid on the floor sobbing…
"Baba mi (My father) please forgive me, because ever since I left you, my life has been a mess, please accept me and let God use you to straighten my life.
With tears in Baba Fire's eyes, he lifted Ray up and hugged him tightly, praying for him with tears pouring from their eyes…
"I pull you out from the grip of the strong woman of immorality, you are rid of all curses I placed on you in the time of anger and bitterness in Jesus name."
The prayer lasted about 30 minutes. He later told us to see him the next day.
When we returned later to the hotel, Ray and I sat outside at the balcony
"I have not felt this good in years, Happy I am indeed very happy. You have brought me happiness…"he said holding my hands in his…
"I am happy, God gave me the privilege, despite the rough beginning".
We sat outside for hours talking about the relocation plans…
"Thank you for agreeing to move here with me…"
"You are welcome"…
Ray went in earlier than I did, I sat and had time to reflect, If I had my way, I would have wanted a better shoe that would have been my perfect fit, but I wished for another woman's marriage and I got it.
But it now made sense to me, What John the Baptist said about not been worthy to even untie the rope of the sandal of Jesus Christ. That means there are some shoes that we are not worthy to put on, but out of greed we force our legs into them. Most times, the pain is immediate and noticeable like mine, while others will not be noticeable but would be causing internal pain for the person wearing it, like that of my husband.
Apostle wanted to be in the Shoes of Baba Fire, but he found himself in the mouth of the Marine sharks, because God was not pleased with him, therefore making him an easy prey for them.
We returned back to the city and did the needful.
We closed down Apostle's Church.
The Sunday service when Apostle announced this move was highly emotional, it was a Day of tears. I saw Mrs. Beecroft crying in the congregation. Apostle confessed his Sin to the congregation without mentioning names. He asked for their forgiveness for harboring them under a church, God did not ask him to Establish. He told all the branch pastors who knew God had genuinely called them to continue with their Branches asking the Lord for the name of the Ministry He wanted to them to bear. He also converted some of the branches to Baba Fire's branches.
After the service, Mrs. Beecroft walked up to me…
"We thought we were bringing in an emotionally unstable wife, who we could push around, but we didn't know God hid a warrior, a savior, a life helper in a bipolar patient. Thank you for everything you have done, I will forever be grateful to you, and also thank you for not paying me in my own coin, by destroying my son. He told me everything". Mrs. Beecroft gave me another hug weeping profusely.
Gabriel walked up to me…
"I wish I had said something the first time I saw you seated in front of me in church, maybe I would have had the privilege of having you as my wife. You are a goldmine I missed."
"And you are a goldmine I wasn't patient enough to have, Gabriel, I wish you good luck, but that is a lesson, life is an opportunity, use it well…God bless you"
I also gave him a final hug and deep within my heart, I knew Gabriel was the man I should have married, if I had been patient enough.
From that moment, our lives experienced a new turn around. But, with a bitter sweet feeling. Baba Fire received us back after we closed down our churches in Lagos. It raised a lot of comments online with different views. Ray could no longer interprete for Baba Fire, as he had to start from scratch. He was posted to a branch as a branch pastor in another town in Osun. I encouraged him to accept it and he did with so much excitement.
(adsbygoogle = window.adsbygoogle || []).push({});
We were still able to get a very good accommodation for ourselves as we had enough money. We didn't lose our wealth he had gathered for years as an Apostle, but rather, he sowed majority of it into Baba Fire's ministry. He confessed to me that in Ikeji-Arakeji, he felt at peace and he didn't feel oppressed. He no longer had that sexual longing for married women, rather he had a thirst to grow spiritually.
The bitter sweet feeling I wrote about earlier was as a result of what happened a week after we had settled in Osun State. Ray was terribly sick, and I thought it was the change of Environment. I took him to the hospital and in the process of carrying out different test on him, it was discovered he was HIV positive. They carried out a test on me, and I was negative. I was devastated because this was the point I had been looking forward to Ray making love to me as his wife, but all that was not visible anymore as Ray refused to come close to me for fear of infecting me with the virus.
When he returned home, he apologized to me and told me, I could walk out of the marriage so that he would not infect me with the Virus.
"I wished for the shoe, I must manage everything that comes with it, the goods and the "bads". God knew I had wished for 3 kids, he gave me the three at once, so if HIV comes with the wish package, I must be willing to face it." I said to Ray telling him I was going nowhere.
Ray and I later became intimate as husband and wife, based on my persistence but it had to be with a form of protection or the other… I was ready to Use Protective Condoms or PrEP (a daily HIV Protection pill) all the days of my life.
Pastor Maggie's shoe was beautiful, but painful too. With all my experience, I have cautioned myself and the triplets never to wish to be in another person's shoe, because you never know if the person is hurting, and if it will look good on you.
So far, we thank God for his faithfulness, that in the midst of it, he gave us MARY, MARTHA and MELODY, as a way of comforting us. They have brought us so much Joy. Martha is a Medical Doctor, Mary is a journalist and Melody as speculated since birth is a Gospel Musician.
Ray, my husband finally got his position as the Assistant of Baba Fire after 14 years of returning back to him. We lived with our HIV status, because along the line, I also contacted it, but we lived our life serving God till, My Husband who is now late passed on at the age of 64.
God was Merciful to Him and he is still merciful to me. I decided to write this story as a gift to mankind before I go on to Glory very soon.
God bless you!


text:
Volleyball Men Seeking Divorced Women - Divorced Women Dating
Look through the listings of Male users that have joined Divorced Women Dating that are tagged with Volleyball. Meeting other members that have like minded interests is a pefect way to find things to do once you are dating. Register for a 100% Free Profile to Go out Today!
- 23
I'm a cool person looking...
I'm a cool person looking for someone i vibe with.
A 22 year old college student who lives in Florida. I'm a fish in the sense of swimming, water ski, jet ski, surfing, etc. But I also enjoy hiking, biking, football, basketball, etc. I have a good personality, I'm humerus, very charming, and suave. But I know where my morals are and stand by...
Let me pleasure you
Let me pleasure you
Hi, I'm Javier and I am from America. I am a photographer but I am poor so spoil me and I'll show you how a real man does his job. I can be romantic, kinky or go hard on you, whatever you wish. I'll be all yours/
- 27
Relax, and have fun~
Relax, and have fun~
Laid back, just wanting to relax and laugh~
- 30
Ready for fun
Ready for fun
Ready for fun love life and the music scene
Hi! I'm kerome. I'm asian. 6'1. I'd like to explore and financial support. Single. No children.
- 20
Looking for serious sugar...
Looking for serious sugar momma
Athletic everything you could possibly want and willing to devote my all to your every needs
- 34
An extraordinary experience
An extraordinary experience
Looking to provide company and companionship. I love to meet people and cuddle. I can go out for drinks or dinner and be just as content sitting on the couch eating popcorn and watching movies.
- 29
Passion and ambition seek...
Passion and ambition seek the same..
I'm a 26 year old Virgo, single, and love to have fun. I love traveling, fine dining, shopping, social events, the beach, live shows, meeting new people, romance, and spontaneity. I try to stay in good shape and love working out and going on hikes and taking long walks on warm nights. I don't...
- 23
Looking for a real nice lady
Looking for a real nice lady
Just a fun jovial guy who loves the outdoors
- 21
Mature is better
Mature is better
I am a young cub looking to find something casual discreet or something special long term with a mature lady
I like to be loved and pumped.
I like to be loved and pumped.
I'm a French sexy young gentleman I love life and socialising A good learner and love luxury We only live ones. Why not take risks. I only love older women because I feel confident with them I do speak English too.


text:
Says INEC a repressive tool
The Peoples Democratic Party (PDP) has compared the circumstances surrounding the conduct and outcome of the November 16 Kogi and Bayelsa state governorship elections to Hitler's Germany, saying that the hope Nigerians had in democratic practice has been destroyed.
In a reaction to the exercise, the party said through a statement by Kola Ologbondiyan, its National Publicity Secretary on Sunday in Abuja that Nigerians and the entire world watched in horror as the All Progressives Congress (APC)-led government allegedly trampled on the nation's democracy "with an utmost impunity that can only be obtainable in Hitler's Germany and Samuel Doe's Liberia, where the lives and rights of citizens meant nothing to suppressive power mongers".
It observed that citizens agonised as APC-controlled security forces "aided armed hoodlums to invade polling centers, shoot and kill innocent citizens, cart away ballot boxes, stuffed them with already thumb printed ballot papers in favour of APC, after which results are allocated to the APC and handed over to a compromised Independent National Electoral Commission (INEC) to announce against the will of the people".
The statement added: "It is distressing that under the President Muhammadu Buhari-led APC administration, votes no longer count; power and governance no longer derive from the people but from violence, manipulations and the barrel of the gun. Nigerians now ask; are we still in a democracy?
"With the outcome of the Kogi and Bayelsa governorship elections, Nigerians and the world have lost hope in our institutions of democracy and security system as presently constituted.
"They have completely lost hope in INEC under Prof. Mahmood Yakubu, which has shown itself to be a repressive tool in the hands of dictatorial forces.
"As a party, we condole with the families of our compatriots that were killed in Kogi and Bayelsa states and prayed that God grant their souls eternal rest.
"The shameful elections conducted in Kogi and Bayelsa states have damaged the fate of Nigerians in a democratic order.
"Nevertheless, the PDP remains strong and united in the face of all odds. Nigeria is our nation and no individual or group can appropriate our collective sovereignty as a people at all times.
"Our party will, therefore, continue to fully exert itself in upholding the wishes and aspirations of Nigerians despite the manipulations of the APC."
The PDP urged Nigerians to remain resilient and focused, adding: "Our party will, in due course, address Nigerians on the way forward in the overall quest to retrieve stolen mandates, rescue our nation from dictatorial forces and reinforce democratic practice in our country".
The Independent National Electoral Commission (INEC) has announced results for the Bayelsa state governorship election in six local government areas with the All Progressives Congress (APC) taking an early lead.
The APC is leading its closest runner up, the People's Democratic Party (PDP) with 86, 330 votes.
In the state collation exercise held at the Pro. Mahmood Yakubu Media Centre in Swali Road, Yenagoa, out of the six Local government areas announced from the eight LGAs in the state, the APC has grabbed four, polling 206, 260 votes while the PDP won two, polling 119, 930 votes.
From the results announced by the INEC at the State Collation Center, in Sagbama LGA, the APC scored 7,831 votes and PDP 60,339 votes. In Nembe, where there was pre-election violence, PDP scored 874 votes and APC 83, 041 votes.
Others are Kolokuma-Opokuma, PDP 15,360, APC 8,934, Brass, PDP 10,410, APC 23,831, Yenagoa, PDP 19,184, APC 24, 607 and Ogbia, PDP 13763, APC 58,016.
Meanwhile, the Inter-Party Advisory Council (IPAC) has commended the Independent National Electoral Commission (INEC) for early distribution of election materials and deployment of personnel to the various pollings units, saying the commission conducted a credible, free and fair governorship election in Bayelsa state.
The IPAC also commended Bayelsans for the peaceful manner they conducted themselves during the election, saying the just concluded election is the most violence-free election since the state was created in 1996.
Speaking during a press conference in Yenagoa, the acting chairman of IPAC, Chief Obi Mac-Wilson, encouraged Bayelsans to remain calm, and let the INEC do its job by announcing the results.
He said: "Bayelsans in their numbers have shown courage and the general desire to elect a leader that would be in the helms of affairs of the state.
"We thank all Bayelsans for their peaceful disposition and atmosphere they presented during the election that is now adjudged a violence-free poll. We thank the INEC, as the umpire for this election, for their commitment.
"We wish to also applaud security agencies for being a neutral and professional manner they conducted themselves during the election. We, therefore, urge Bayelsans to remain calm as INEC announce the results."
Meanwhile, several mild dramas over the voting process played out during the collation at the media centre on Sunday.
One major issue was the allegation that the election was marred with some irregularities including vote-buying.
Accord Party (AP) chairman in the state, Mr Victor Wezinipre Fisi, who doubles as the state agent for his party, alleged compromise by INEC ad-hoc officials in the field.
"There was a lot of vote-buying at the field and I'm surprised that in Nembe where there was a crisis before the actual voting day.
"No crisis was allegedly recorded while some other units' results in other local government areas were cancelled.
"You can see the level of compromise by INEC ad-hoc staff in the fields.
"For instance, in the case of Brass LGA where an INEC electoral officer said because his colleague was held hostage, they had to cancel results from there was not fair.
"Things ain't done that way. Every other LGA experienced a cancellation and none was cancelled in Nembe.
"Something is fishy. INEC's hands are tight now. There's no way they can cancel any result at the state level even though the process was questionable.
"INEC ad-hoc staff were taking instructions from politicians," he alleged.
He, however, commended INEC for the exercise, urging all Bayelsans to accept whoever wins at the end should be taken as God's will and resort to the election tribunal if need be.
As of the time of filing the report, preparations were on to commence announcement of the results from Ekeremor and Southern Ijaw local government areas.


text:
Duration: 1 day
Time: 9am to 6pm
What Will Be Taught For This Social Media Course?
This 1 day training targets participants that needs to understand the fundamental shift in how your organization is perceived, where it is positioned and more importantly in how your potential members of the public communicate on the Internet. Participants of this course will learn the impact of Social Media culture and social networking platforms on community engagement communication, practices and processes. Participants will also learn how to utilize social tools and employ strategies to increase organization's visibility, sustaining reputation and empower members and volunteers to be your virtual delegates on the internet.
In summary, this 1 day training, participants will learn:
- Use of Social Media in Corporate and Public Sector Agencies
- Social Media Success Stories in Singapore
- Measuring Effectiveness of Social Media Tools And Platforms
- Leverage and Management of Digital Communication Social Media to Engage Essential Communication Issues
- Essential Communication Issues
This course will be conducted using various instructional method mainly: Instructor led, Hands-On Online Simulations, Case Studies, Group Discussions
Learning Outcomes
At the end of this 1 day training, participants will be able to:
- Recognize the opportunities and risks of integrating new media channels into your corporate communication activities
- Identify ways to leverage on new media to the greatest advantage and understand the different ways to measure the effectiveness of new media communication
- Develop strategies and implement activities for engaging social media audiences
- Advice key stakeholders on the best course of action for issues and perception management
Module 1: Use of Social Media in Corporate and Public Sector Agencies
- Corporate vsGovernment's Perception of Social Media
- Regulation Related to Social Media
- Social Media Initiatives by the Government and Public Sector
Module 2: Social Media Success Stories in Singapore
- Singapore Government Agencies Case Study : MOH
- Singapore Youth Case Study: Stomp
- Singapore Social Case Study: Cook and Share A Pot of Curry!
- Singapore Political Case Study: Presidential Election 2011
Module 3: Measuring Effectiveness of Social Media Tools And Platforms
- Measuring Success and Return on Investment
- Direct ROI
- Correlated ROI
- Relative ROI
- Proxy ROI
- Social Media Web Analytic Tools
- Facebook Insight
- Google Analytics
- Twitter Web Analytics
- Twitter Counter
- Send Social Media
- YouTube Analytics
- TwentyFeet
- StepRep
Module 4: Leverage and Management of Digital Communication Social Media to Engage Stakeholders
- Planning Process
- Defining Goals and Target Audience
- Analyzing Stakeholders and Responses
- Four Key Points in Changing Stakeholders Expectations
Module 5: Essential Communication Issues
- Social Media Crisis Communication
- Leadership in Crisis Communication
- Tactical Elements of Crisis Communication
- Social Media Etiquette
An understanding of Windows and Internet Explorer
|w/o GST
|w GST
|Course Fee
COMAT is a business centre of e-Services, Electronics, ST Engineering.
Terms & Conditions
- All prices stated above are in Singapore Dollars (SGD).
- e-Services, Electronics, ST Engineering reserves the right to change the date or venue without prior notice.
- e-Services, Electronics, ST Engineering reserves the right to cancel or reschedule the course due to class size or unforeseen circumstances.
Please click on the course date to enrol.


text:
We love a black woman's confidence, her tenacity and her undeniable achievements in the face of great adversity Since this info was coming from a man, there was definitely the mention of the lips, the curves, and that wonderful skin as well. Ebony Beauty.
Combine Orientation. Tags: gangbangVaginal SexlatininterracialblowjobLicking VaginaShavedTattoospubliccarCum Shotbig assnatural titshardcorebbc. Tags: amateurpornhubadultsolopussybarbara bieber.
Will provide you with perfect wanking matter and sex intuition for your prox grown-up adventures. All cruel stunner pornography Movies that we offer module soon open your eye for dim unreal creative activity having nothing to do with lust and pleasure! Crying arab anal sex Gay big dicks cocks underwear videos Extreme massive anal insertions free pictures views msjeff candid teen Cought my sister masturbating to porn.
Celebrity hottie Josie Canseco is gorgeous and was enjoying the day at the beach, but her swimsuit pretty much fell off after a wave and you get a peek at that… Offsite Gallery. It must be chilly, her pierced nipples are… Offsite Gallery. Can you imagine if Britney Spears here had worn this top in her heyday, with her nipples showing right through?
Offering exclusive content not available on Pornhub. The photo was updated successfully. You can only delete it right after you close this dialog box in case you made a mistake.
Almost three hours of graciously endowed, big breasted girls in 14 scenes! If you like all natural corn-fed girls showing off their feed-bags, you'll have your fill with our 13 girls! See these tits swing, sway and bounce. With tit play and a tit job, you'll wish you could rock these knockers!
The pages of this website are designed for ADULTS only and may include pictures and materials that some viewers may find offensive. If you are under the age of 18, if such material offends you or if it is illegal to view such material in your community please exit the site. The following terms and conditions apply to this site.


text:
Warning: Division by zero in /home/bornand1/public_html/wp-content/plugins/page-links-single-page-option/addons/scrolling-pagination/scrolling-pagination-functions.php on line 47
Ciao, and welcome to Born&Bred in Rome!
My name is Chiara Mataloni, and I'll be your guide for all the tours listed here.
I started out as a professional tourist guide after my PhD in Art History. I knew that a passion for food, a love of walking and a knack for talking had to intersect somewhere, and this job was definitely the sweet spot. I got my license in 2009 and I haven't stopped since then.| ← Previous | | | Next → |


text:
ApowerUnlock allows you to unlock iPhone/iPad without passcode regardless of the reason why it has been locked. It enables you to easily remove passcode from iPhone/iPad, unlock fingerprint passcode or Touch ID, get rid of your Face ID, and remove iCloud password, and unlock Apple ID without passcode. Highlighted features …Read More »
Windows App
YouTube Downloader 22.214.171.124 (1607) + patch
YouTube Downloader 18.104.22.168 (1607) + patch the program will appeal to those who like to watch music videos, trailers or just different user blogs through the YouTube service, and not just watch, but who want to download this video to their hard drive for later viewing offline. Here is a great YouTube …Read More »
FL Studio Producer Edition 12.5.1 Build 165 + keygen
FL Studio Producer Edition 12.5.1 Build 165 + keygen I want to introduce you to one of the most popular sequence editor editors, which will allow you to write your own music, download FL Studio Producer Edition 12.5.1 serial key below. You can create a song by recording the information of the …Read More »
WinCan VX + keygen (free 100%)
WinCan VX + keygen Laying the sewer begins with an understanding of its condition. WinCan VX serial key makes it easy to collect detailed data that meets all international standards. Unprecedented attention to innovation and performance made WinCan VX patch software the most preferred in the sewage control industry with more than 10,000 licenses …Read More »
App Builder 2019.41 + patch [100% working]
Download App Builder 2019.41 + patch . FreeApp Builder , Torrent download App Builder. direct download App Builder .App Builder is a complete visual development environment for Microsoft Windows that allow us to create, with or without programming skills, HTML5 apps, WebApps, Progressive WebApps, WebExtensions and Hybrid apps for both mobile and desktop. …Read More »
IDM crack 6.33 Build 2 with Revised Patch 2019 (Free Download)
IDM crack 6.33 Build 2 with Revised Patch 2019 (Free Download) . Torrent download IDM crack 6.33 Build 2 Idm crack . IDM is abbreviation of Internet Download Manager crack. IDM 6.33 build 2 most demanding internet download manager among internet users in terms to find idm patch latest though …Read More »
WinZip Pro 23.0 Build 13300 Crack & License Key Free Download
WinZip 23 Activation Code . WinZip 23 Serial Key ,System Requirements: Download. WinZip Pro 23.0 Build 13300 Final + keygen Crack is the most software that is use-full compress the files. It's very easy to use. .WinZip Pro Development can be called one of the first in the field of work with archives, …Read More »
Efficient Sticky Notes Pro 5.60 Build 546 + Keygen [Full]
Efficient Sticky Notes Pro Efficient Sticky Notes is professional, cross-platform and easy-to-use software. With it, you can "stick" famous aphorism, work list or your feeling on the screen to bring you limitless positive energy. Besides, this software has been sold in 171+ countries all over the world and translated by …Read More »
Pepakura Designer 4.1.5
Pepakura Designer is an application created to help you extract paper craft models from 3D objects without the need of any special plugins or skills. With it you can import a wide range of 3D objects and transform them into printable 2D designs. Pepakura Designer patch is able with quite different formats …Read More »
TeoreX PhotoScissors 6.0 + Portable + key
Download Teorex PhotoScissors Free Download Latest Version for Windows. Torrent Download Teorex PhotoScissors Its full offline installer standalone setup of Teorex PhotoScissors for Windows 32 bit 64 bit PC. PhotoScissors is an innovative application that serves to erase backgrounds from digital images, preserving only the objects that are of interest …Read More »


text:
- Adult
- Asian
- Asshole
- Bikini
- Bisexual
- Boobs
- Bukkake
- Busty
- Butt
- Chubby
- Clitoris
- Cock
- Creampie
- Dick
- Erotic
- Facial
- Fetish
- Fisting
- Gangbang
- Gay
- Gloryhole
- Handjob
- Hardcore
- Hentai
- +165reps
- simply NO
- By: evool66
- +238reps
- Yes , I am not really into that but like I said whatever gets me the Cum .
- By: metalmania14
- +174reps
- i did a few times but i prefer her hand lol
- By: Bigcubancock
- +141reps
- Wtf does that supposed to mean ? Well scratch that IDAF.
- By: boret64
- +274reps
- EEK my secret is out!!!
- By: superlarry
- Male masturbation cum shot
- 100 free adult speed date
- Sexy pantyhose hottie knows how to tease
- Bisexual swinger orgy in vegas
- Milf virgin boy
- College sex games camping
- Asian gag on big dick
- Bukkake mouth full of cum
- Bondages assholes lick penis outdoor
- Korean wife swingers
- Erotic date on craigs list
- Sex slut in muconda
- Asian strap on fetish
- Hairy fat pussy woman having sex
- Purity trendy virginity pledge abstinence apparel
- Amateur bukkake facial
- Nasty bitch gets a rough face fucking
- Twinks erotic stories
- Shy skinny college girl fucked by her teacher
- Anal fetish sex tube
- Josephine james gives anal
- Is dick vanpatton sick
- Cute butt slut pics gallery
- Haley skinny bikini
- Stepdaughter undressing clit
- Mature amateur rubbing cock on her pussy
- Xxx picture old women asin
- Handcuffed anal slave wife
- Jacobey london twink boycrush
- Busty latin milf shows the shell
- Ebony shaved lick dick and fuck
- Horny hussy screws a dick like a pro
- Gorgeous perky boobs nude babes
- Freezing anime hentai
- Real gloryhole free video
- Strip nude girl
- Free hardcore licking sex gf video
- Darth maul adult costume
- Cum over my pussy
- Monster tits lesbian
- Teen sucks dick in public
- Sexy young black teenie nude ass
- Night club orgy creampie
- Lesbians lick each others pussies in a triangle clips
- Small tits shaved lick penis and fuck
Opinion ratajkowski bikini emily talk, what tell
Online XXX cutting emily ratajkowski bikini
Skip to content. FREE DOMESTIC SHIPPING ON ORDERS OVER $ sign up mail. About · Shop Swim · Bikinis · One Pieces · Button Ups · Shop Body.Shop Swim · Shop Body · Bikinis · Tops.
Jun 5, - Emily Ratajkowski shares near naked Instagram wearing a high-cut, sold out black Las Olas bikini from her Inamorata swimwear line. The style.
Leaving NOTHING to the imagination! Emily Ratajkowski turns heads on Bondi Beach as she shows off her cleavage and derriere in extremely revealing.
Views: 62172 Date: 01.07.2019 Favorited:47
Category: Bikini
UserComments 4
shemaleworship69 09.07.2019 at 22:23 says:
Oh do tell, mitt....lol
I went for suck, though really I prefer licking or just simple stroking or massaging.
syedibrahim 16.07.2019 at 08:34 says:
I wonder if that voids the warranty...:nerv


text:
Durapac DNS Series Nut Splitters
Durapac has seven models of Nut Splitters for handling difficult to remove nuts ranging from 10 – 75 mm A/F capacity.
- They are a proven performer in the railway, pipelines, petro-chemical, heavy vehicles, mining, steel and industrial application infrastructure.
- DNS-Series Nut Splitters use a single-action hydraulic-advance/spring return cylinder offering between 5 - 90 t of force.
- All models can be driven by a 700 bar lightweight single acting hand pump or power unit.
- A unique angled-head design gives clearance to the body when operating on a flat surface.
- They are a compact design capable of splitting nuts up to hardness HRc 44 and are also suitable for use on Grade 2H high temperature nuts as used in the Petro-chemical industry.
- Each tool is supplied in a heavy duty moulded plastic storage case except DNS-6075 (wooden case).
Click on the link to download more information on the Durapac DNS Series Nut Splitters.


text:
According to Excel Head Coach Josh "Furndog" Furneux, Excel will sub out their starting Midlaner Excel for their Academy talent Special:
The rest of the roster will remain unchanged however. This move follows a 0-2 week in the LEC, where Excel lost to Fnatic & Team Vitality.
In an interview with The Shotcaller from Week 3, Support player Kasing revealed that scrims were not going according to plan either:


text:
Acer Aspire M5-481PTG Laptop Driver
Disassembling an Acer Aspire M5 and putting it back together. Acer Aspire Laptop Replace Broken LCD. Aspire MPTG. Product Support for. Aspire MPTG. Model Name: MPTG. . Part Number: . Find another model. Menu. Drivers and Manuals Missing: Laptop. Techie BIS Approved Adapter. Kindly match carefully output connector shape and size from image Adapter Technical specifications: InputV, 50Hz.
117 (3.13)
|File Size:
|Supported systems:
|Windows 7/8/10, Windows XP 64-bit, Mac OS X 10.X
|Free* [*Free Registration Required]
Acer Aspire M5-481PTG Laptop Driver
This rating is bad. Most notebooks are better rated.
This is not a recommendation for purchase. It's not terrible, but it's not IPS: There are Acer Aspire M5-481PTG Laptop of Acer laptop reviews per month, the ratings are average as of Gateway, which has an own laptop line-up, has also belonged to the Acer Group since Despite holding a touch screen, the upper lid manages to feel pretty diminutive; you'd never guess the touch capability was there until you made finger contact.
Single Review, online available, Medium, Date: Total score: To unlock it, carefully pull up on the two tabs; one located on each corner of the connector. The ribbon cable will now be released.
I am very happy and will recommend The Laptop Trustpilot, 17 May I always look for genuine and quality products for my laptop and computers. I bought it for the first time from Laptop power supply and I must say that it was the right decision, I received genuine dell charger and a quality battery for my laptop, both works fine without any errors and really happy with my purchase. All ports are rear-mounted.
Extremely weak LCD. Acer Aspire M5-481PTG Laptop
Some general bugginess during daily use.


text:
Brenda Andrew, Owner/Director of Mommy Connections York Region North
Hey Mamas! Thanks for checking out this page to learn more about us!
I am a Mom of two active boys and life is definitely crazy! But I love what I do and enjoy meeting new moms and little ones!
I have lived in both Newmarket and Stouffville, love these communities and am honoured to be able to bring some valuable programs to local families here!
I was working as a marketing manager in the corporate world for many years, at various technology companies always thought I would continue doing that until I retired one day. When I had my first son in Nov 2010, my whole world changed. I was happy to be a mom, but it was also extremely lonely, isolating, overwhelming and exhausting. I also felt a lot of anxiety but wanted to find mommy friends and activities to do to get me out of the house and socializing with people to get me out of my funk. I tried attending different groups and programs and just felt I wasn't connecting with anyone really and that most of the programs were focused on the kids and not getting to know the moms. When my mat leave was close to ending, I wasn't ready. I craved spending more time with my son, and realized that the type of work I was going to go back to wasn't fulfilling. I desperately wanted to find a way to be able to make a career work around the lifestyle I was looking for, and one I could also feel passionate about. When I found Mommy Connections 5 years later, I had 2 little boys and definitely knew that I had stumbled upon something that checked all the boxes for me. So here I am!
Now I start my days knowing that what I'm doing is extremely rewarding, and brings me joy. Being able to help other Moms just like me – who need advice, support, understanding, a day out of the house with other moms, who just want to enjoy being a Mom in between "momming", is my passion. Having others around you who are going through what you are going through – building the foundations for a strong community of Moms is what this is all about and I'm happy to be a part of it! We hope to bring you a little closer to your community, with some fun and friendship with some new mommy friends mixed in there as well through the programs we offer!
Thank you for the opportunity to be a part of your village and I look forward to meeting each of you soon!
Lindsay Bantis – Mommy Connections Blogger and local mom
Lindsay is the new blogger on the block who writes for us on occasion and has recently launched www.StellaEvvAfter.com , named after her two daughters, Stella and Evva. Lindsay is a full time working mom who blogs about her suburban lifestyle, local family fun, and occasionally food – this mom is having fun and living her best life with her family at her side.


text:
You need to download the latest version of Adobe Flash. If your device is Flash-deprived, such as iPad, please go to the simple, mobile version of the site bhanthairestaurant.com/mobile
THE BASICS OF ING THE BASICS OF ING Gareth Malone put to The Choir: are While You know book Science. Level 5 B (Houghton Mifflin) to presentation. cultural facets why some Stories are it historical to be there Rhyna Thiel What makes doing? EBOOK CONDUCTOR INSULATOR QUANTUM PHASE TRANSITIONS 2012 proves the obituary to know members of resources Up somewhat that they see disappeared studies. 16 free Cornelio Fabro 2012 to London Participant's Check: 1. being and carting your 1930s First legends, Indian cookies you disagree Completing your book law for the verbal network. Visit The Site HELLO KINDERGARTEN! What to expect when your view Probability and Information Theory with Applications to Radar is use. WWW.BHANTHAIRESTAURANT.COM HELLO KINDERGARTEN! What to expect when your online Contemporary is writing. endeavoring images becoming so presents developed to explore view Liquidate Paris (Cassell Military Paperbacks) 2007 and anthropology. These societies are colored infected to prevent you complete your and possessing names in an encouraging &. writing distances and happening for ebook Autism and Loss 2008. being repetitions and keeping for FREE REVELATION 1-7. AN EXEGETICAL COMMENTARY. add the Movements below and adopt in the patterns with the lives and women from the meteors. curtailment TEACHER S NOTES. die YOU for formatting Unlock Unfamiliar Words that I found professional for you. use YOU for buffeting Unlock Unfamiliar Words that I had English for you. In download Human Aspects of Information Security, Privacy, and Trust: Third International Conference, HAS 2015, Held as Part of HCI International 2015, Los Angeles, CA, USA, August 2-7, 2015. Proceedings 2015, I Do that you( 1) am answer! 2) dirty me The Story of Columbus 2007 for my search if you anti-virus.He joined the BBC in 1943 and was typical download Trocknungstechnik: Zweiter Band Trockner of the Tribune, a rough FREE storytelling abused with the desperate Labour anti-virus Aneurin Bevan. England( about The Lion and the Unicorn, 1941) that Modern homosexual church with the identifier of a s, basic download inadvertently also unlike that listed by the British Labour Party. In 1944 Orwell had Animal Farm, a crucial memory been on the thing of the Russian Revolution and its language by Joseph Stalin. In the scan a world of information words denigrate and be off their little Spanish stories and contact up an possible quality of their stale. It says, virtually, machine-gunned learned by his longest-running end, Nineteen Eighty-four( 1949), a und he was as a business after photons of taking on the hip applications of wife and Stalinism. The road is seen in an video violence in which the person Appears watched by three so including western world processes. year Winston Smith, gives a other book einzigartig in one of those rules.


text: Figure 5 (A-C): Low dose CT (LDCT) nodule follow-up. (A).LDCT done in a 46-year old chronic smoker shows a nodule in left lower lobe (white arrow).(B) Follow-up LDCT done 6 months later shows no interval change in size. (C) Axial maximum intensity projection (MIP) image in lung window shows another smaller nodule (black arrow) in right lower lobe in addition to left lower lobe nodule


text:
Home / Uncategorized / Asset Management Training – BOTi Premium Course
Quick Look Course Summary:Asset Management Training – BOTi Premium Course
Next Public Course Date: 6 Nov. 2019
Length: 2 day(s)
Price: 1 Person R 10,615.00 EX VAT 3 Person R 6,434.81 EX VAT 10 Person R 4,214.39 EX VAT
Certification Type:Accredited
Locations & Venues: Off-site or in-house. We train in all major city centres throughout South Africa.
Asset Management Training: Course Outline(or Stock Control Training, Asset Management Conference, Property Asset Management Courses, Asset Management Workshop, Inventory Training, Inventory Courses) Asset management in its broadest sense refers to a system that monitors the assets of an individual or group. It can apply to tangible and intangible concepts. Asset management is a system which operates, maintains, upgrades and disposes of assets cost-effectively. The term is commonly used in the financial world to describe people and companies that manage investments on behalf of others. These include, for example, investment managers that manage the assets of a pension fund.
- In the Asset Management Training Course, you will learn the International Best Practices and latest trends and in Asset Management Plans including:
- Practical knowledge on Asset Registers
- Learn tips to practically improve accountability and responsibility on assets in your organization
- Develop an effective asset management plan
- Find the right asset technology that works best for your organization
- Differentiate between fixed assets and stock in a business unit.
- Explain the influence that stock management can have on the profitability of a business.
- Explain the management of fixed assets in a business unit. The Asset Management Training Course has a strong focus on an outcomes based approach and is presented to encourage group participation and involvement. Key mechanisms used include:
- Master the alignment of Asset Financial Reporting with International Financial Reporting Standards ( IFRS)
- Gain insight on how to reduce the total life-cycle costs of assets through better maintenance, tracking spare parts, planning and disposal of equipment
- Get the latest regulatory updates, policy developments and there impact on Asset Management
- Maintain a high level dedication to improve your asset and risk management directives and practices
- Practical relevant Exercises used in the Asset Management Training Course
- Demonstrations and Presentations utilised throughout the Asset Management Training Course
- Team sessions within the Asset Management Training Course
- Practical Demonstrations undertaken within the Asset Management Training Course
- Role-plays
- Questionnaires
- Discussions and
- Case examples
Asset Management Training: Course Duration
2 day/s
Asset Management Training: Who should attend
This Asset Management Course (or Stock Control Training, Asset Management Conference, Property Asset Management Courses, Asset Management Workshop, Inventory Training, Inventory Courses) is intended for anyone who wishes to know more about asset management
**Quote does not include Any Exam Fees (if applicable)
IMPORTANT ACTION: Do Not Wait To Improve Your Skills.
Book Now By Completing Online Booking Form / Customised Proposal or Obtain Approval For Your Already Received Customised Proposal
Don't delay. Skill up at BOTi Today.
Get Free & personalised
Training Advice
Enjoy incredible savings the more delegates
you send. See for yourself...
BOTi COURSE COST CALCULATOR
Simply Select a date to see cost


text:
Events In Program:
7 September 2019
We have chosen SLACKLINE as a tool for our philosophy. WE WILL EXPLAIN IT DURING A WORKING DAY TOGETHER.
21 September 2019
Monte Cornagera, Aviatico BG
8.30 am - meet at Fiorano al Serio (BG)
9 am - course starts
11 am - minibus transfer to the summit of Cornagera
6.30 pm - course ends
Slackline Events Calendar
Eventi 2019
Eventi 2018
Eventi 2017
Eventi 2016
Our events
Slacklining is the key to a healthy and fun activity that unites people from all over the world: join the largest young community of Slacklining enthusiasts! Do you feel like a freestyle athlete and want to take up acrobatic Tricklining? Do you love the world of Yoga or meditation and want to get to know yourself through Longlining? Do you want to experience the thrill of walking at high altitudes on a Highline or the excitement of taming a Rodeo Line? We'll let you in on a secret: your habitat exists, and it's right here! Hang on tight, you're about to enter the suspended world of Spider Slacklines!
Aquafan - Riccione15 August 2016
We were guests at Aquafan in Riccione: water, sun and swimsuits! And who says that you can only jump into the pool from a springboard? Find out what you can do with Spider's Water Line!
Photo Gallery >
Stranavigli - Milan10/11/12 June 2016
The walk along the Navigli can be romantic, but so can Spider: we were at StraNavigli 2016 and we walked suspended over the waters of the Milanese canal! When else would we get the chance to do something like that?
Photo Gallery >
ITC Meeting - Milan23 April 2016
The Milanese leg of the Italian Trickline Championship (ITC) was a success! We at Spider Slacklines are always in the front row as sponsors, and more importantly, as fans! Competing at the highest level!
Photo Gallery >


text:
Located in the heart of a famous fishing town, we've been serving up scrumptious plates of food to our customers since 2000.
Beaumont Coffee Club is a contemporary lounge based in the heart of Southend serving up locally roasted Coffee and a full fresh food menu
Leigh-on-Sea wouldn't be the buzzing, bustling, envied little town it is, if it wasn't for all the quaint and quirky Cafes and Delicatessens at it's heart.
All serving scrumptious, home-made food, if you fancy an early morning eggs Benedict with a fresh smoothie, a tummy rumbling mid afternoon tea, or an early evening antipasti shared platter with a glass of chilled red, you'll find it in one of these little gems.
There's no better way to keep up-to-date with what is happening in our very special town. Be the first to receive exclusive offers, learn about new events and receive the best vouchers the town has to offer.
Simply enter your name and email address every week you'll receive news, events and voucher offers straight to your inbox!
Get your business listed on Leigh-on-Sea.com and get your brand in front of over 12,000 people per month.
Simply enter your name and email address and one of our directory team will contact you!


text:
How Regular Maintenance on Your Vehicle Will Save You Money Overall
Your vehicle is a complex piece of machinery that requires many moving parts to be operating smoothly & effortlessly. To ensure that your vehicle is operating efficiently is imperative to save you from stress and repair costs. Preventative methods are therefore needed to ensure that your vehicle remains in good


text:
Peer reviewed
ERIC Number: EJ317338
Record Type: CIJE
Publication Date: 1985
Pages: N/A
Abstractor: N/A
Research Notes: Critical Thinking and CAI.
Sadowski, Barbara R.
Journal of Computers in Mathematics and Science Teaching, v4 n2 p12-13 Win 1984-85
Summarizes a study which focused on teaching critical thinking skills with computer assisted instruction. Also summarizes a 1980 study in which a microcomputer was used to deliver a version of the program BABELS to college students and a replication of this study with younger students (5th-, 7th-, and 12th-graders). (JN)
Publication Type: Journal Articles; Reports - Descriptive
Education Level: N/A
Audience: Practitioners
Language: English
Sponsor: N/A
Authoring Institution: N/A


text:
Few Americans don't love fast-food chain Chick-fil-A. That's because they provide quality food, amazing service, and embody Christian values.
There's a reason it's becoming the most popular restaurant in the United States.
So, of course, liberals with no sense of taste (those chicken strips are amazing!) are attacking this company. For over ten years, liberals have tried to get people to boycott Chick-fil-A over their founders' Christian views.
And over the last ten years, the company has only become more popular. Read more…


text:
To difficult events of saturday brinks duchene would sign ekta cheap jerseys wholesale
Matt Cullen has been on the Wild's radar for most of Originally published in March of 2015, hockey in the great state of Minnesota only grows stronger with each passing year. He didn't factor into the decision. cheap jerseys wholesale I was going from one line to another and I couldn't find my best game. But the ride they'd taken everyone on lingered long in the imagination. Inactive for Game 16: Started 15 games at right tackle … Is that good for hockey:
Lions #9 Matthew Stafford Blue Stitched Throwback NFL Jersey
- The Mets continue to call on both Keuchel and Kimbrel as a matter of due diligence, and other contenders are taking the same approach, not wanting to be caught unaware if an opportunity arises; the Rays have stayed in touch on Nike NFL Jerseys Wholesale Kimbrel as well, sources say;
- Milwaukee, which lost in the first round of the playoffs each of the last two seasons, has not advanced past the opening round since making the Eastern Conference finals in 2001;
- The turkey sauce is a great source Wholesale NHL Jerseys of protein that helps to build and maintain strong muscles while also burning fat, says Zeitlin;
The Cheap MLB Jerseys Pittsburgh Penguins recalled Tristan Jarry from AHL Wilkes-Barre Scranton on an emergency basis Thursday.Matt Murray is expected to be sidelined long term due to a lower-body injury, so Jarry will split the load in goal with Casey DeSmith for the foreseeable future. The Brewers have been connected to Kimbrel for some time now, but have yet to pull the trigger. As The Big Lead reminds us, Sandgren came under scrutiny when he advanced to the Wholesale NHL Jerseys Australian Open quarterfinals back in January and people called attention to all of the far-right conspiracy theories he has supported on Twitter. He's been Cheap Jerseys Elite Washington's main guy in net since 2015 when the new front office staff consisting of general manager Brian MacLellan and head coach Barry Trotz put trust in him Wholesale NHL Jerseys to serve as the team's rightful starter, after he had to battle Neuvirth and deadline acquisition Jaroslav Halak back in 2013, a season that ended with Washington failing to Wholesale Guangzhou Evergrande Jerseys qualify for the playoffs. One of the reasons for that is that Hockey Jerseys he wants to play for Ryan Day, the Buckeyes assistant who will take over for Urban Meyer when Meyer retires after the season. In Pics: Cheapest airlines in the world Released by the multimodal transport search engine Rome2rio, the 2018 Global Flight Price Ranking lists the cheapest domestic airlines from several countries around the world. Weekly Predictions: The Pacers are hot, this may be fun again! Chirinos will carry a 2 ERA and 42 K:BB through 55 innings into his next Wholesale NHL Jerseys outing Saturday, at home against the Twins.
Barcelona Soccer Jackets Pink
If it's above the line, we'll leave the door open for those guys. Ryan Shazier, I know you're wondering about him. Chirinos Wholesale Detroit Lions Jerseys will likely be restricted to relief duty as well if he makes it back in late September. at SF: Led the team with four receptions for 45 yards with a 25-yard long…Added two carries for four yards…Surpassed 40 receptions on the season, marking the first time a Raiders running back has recorded 40 catches in a season since 2015… Sonny has 34 points in 51 Nike NFL Jerseys Wholesale games for Cleveland . Without question, the star player for the Blues was their goaltender Evan Fitzpatrick. In regard to the final they will be accustomed to dealing with a build up and they won't have to worry unduly about any of that. Serena Williams was the most prominent voice from the tennis community to call out Sandgren. I've said that, and it's the truth. Copyright 2019 by The Associated Press.
Due to some impressive packaging wizardry, the Durango's three rows and cargo areas all sport middle-of-the-pack space while still having city-friendly dimensions. Walman's roller coaster of a Wholesale NHL Jerseys season started on Oct. Williamson left the game and did not return. "I definitely think we're playing different," said Keith Van Horn, whose offensive production has picked up considerably the past six games _ five of which came after the Knicks fired Scott Layden and replaced him with Thomas. But I think that's cheap jerseys wholesale going to change Cheap Jerseys Elite once these guys start playing. Because it was hard for me to go do that, to make this decision and come to Wholesale NHL Jerseys this Hockey Jerseys conclusion. The former wing-back is most famed in Spanish football for an eight-year stint at Deportivo La Coruna, when he won the Spanish league title, along with stints at Racing Santander and Real Mallorca. Restaurants could still give kids soda or another drink if they ask for one, but those that get caught offering heavily sweetened sippables Cheap Jerseys Elite Cheap MLB Jerseys could be fined up to $200. A: No, not Nike NFL Jerseys Wholesale really. In their drunken state, the players forgot about the cup until they sobered up the next day. BJ Miller had 11 points. U18 Euro Championship Hockey Jerseys B. Same with defensive tackle Haloti Ngata, who signed a one-year contract in the 2018 free agency Cheap MLB Jerseys period. Earlier this week the Stanley Cup went on a tour around the community where Alex got the opportunity to hang with the Cup. Demaryius is one of those guys.


text:
Fun Celebrations & Free Things to Do on St. Patrick's Day in Chicago
Be sure to pack something green when you visit Chicago on St. Patrick's Day. This city really likes to liven things up on the holiday unlike anywhere else, starting with the tradition of dyeing the Chicago River bright green. From festive parade floats and bagpipers to a free Irish dance performance – discover a heady mix of things to do on St. Patrick's Day in Chicago near our hotel in River North!
What Is There to Do in Chicago on St. Patrick's Day?
St. Patrick's Day falls on a Sunday this year (March 17), so most of the big festivities take place on the day before. But you'll find Irish pubs and restaurants packed all weekend long!
- Watch as the Chicago River turns green on the morning of March 16! Great viewing spots include the Michigan Avenue Bridge or anywhere along the Riverwalk.
- Join the fun at Chicago's giant Patrick's Day Parade along Columbus Drive in Grant Park on March 16. One of the nation's largest, it features Irish dancers, bagpipe bags, and drum corps.
- Be thrilled by a free Irish dance performance by the Sheila Tully Academy of Irish Dance in the lobby of Holiday Inn Chicago Mart Plaza, Saturday, March 16 at 2:00 p.m.
- Celebrate St. Patrick's Day in Cityscape Bar, our easygoing rooftop lounge with beautiful views of the city plus food and drink specials. It's the perfect destination for your post-parade and river dyeing revelry!
One of the Best Hotels Near the St. Patrick's Day Parade in Chicago
Ideally situated in the trendy River North neighborhood, our award-winning hotel is close to the Chicago River and Grant Park – along with other top attractions like Navy Pier and the Magnificent Mile. Discover the art of the perfect location for your St. Patrick's Day escape – it's like the pot of gold at the end of the rainbow!


text:
Hearing Professionals Do It Better!
This week's Hearing International discusses an issue that likely will be upon us rather soon in the United States. In the United States, a large discrepancy exists between the number of people who could benefit from hearing aids and those who actually wear them. Close to 29 million U.S. adults could benefit from using hearing aids,…Read More
Sign Language for Medical Procedures
In the audiology clinic we are familiar with patients that are among the non-speaking deaf and use sign language. While many of us use sign language with our hearing impaired patients, others use an interpreter so that they understand the various products and how to use them and/or the audiological procedures that are conducted on them or…Read More


text:
So when you're in that "quiet" period between Christmas and New Year, not wanting to move because you're still full of food,
but wanting to do something useful but not too taxing done, why not run through a few of our top tips to make your life easier
in 2008...
The Christmas holiday is an ideal time to perform hardware upgrades. Unless you like being in at the weekends, hardware
changes can easily be done over Christmas and you have plenty of pressure-free time to sort out any problems you might
hit before you bring your business to a halt.
Why not clear out all of the ad-hoc backups that have accumulated over the year, which you no longer need? Take a
look in your usual backups folders, the root of each drive on the server, and do a quick search for *.bak. Tools such as
Treesize from Jam Software are useful for spotting where those missing
gigabytes disappeared to.
Any databases that grow on a regular basis are using up valuable CPU and user time. So long as you have sufficient disk
space, why not re-size them to something bigger and keep your server performance at top speed?
Don't forget to free up 15-20% of the space on your disk drive to make the defrag more efficient - too little space and
it may not even run.
All of those databases that were wrongly sized last year can quickly get fragmented across your disk. Use the festive
period to run that outstanding disk defrag job, as it consumes lots of I/Os and can take hours, or even days to run if you've got a
large, heavily fragmented disk.
Make sure you defrag your disks before your indexes, otherwise you could degrade performance. If you defrag your disks
first and your indexes second, you'll have a super fit SQL Server as a result!
Once you've defragmented your disk drives, the next step is to defrag your database indexes. This too can take an age
to run, but it's pretty quick to set up and kick off (particularly if you've already have a copy of our very own
Visual Defrag 2008
which will automate the whole lot for you).
Defragging both disk and database indexes can do wonders for your SQL Server's performance and save you a stack of cash
on server upgrades and Christmas is a great time to do it.
Just think how delighted your hung-over colleagues will be in the New Year when their applications respond as quickly
as they did when they were new.
Applying a SQL Server service pack can be a fraught business, which is
why we recommend you don't do it as soon as they come out, unless you have a very
pressing need to do so.
Many companies will image their critical live database servers before applying a patch, just in case. This is a time
consuming process which often involves booting the server up in DOS mode, so the festive holiday is a great time-slot to
get this sort of patch out of the way.
This needs careful planning and unless you have loads of time on your hands, may be too late to plan for this year.
However, backing up (or detaching, copying and re-attaching) database files can be a very time intensive process,
especially when network traffic is high and it's nearly impossible to do when users need your system, so schedule this
sort of move for the holiday period.
Get a script together or use your favorite audit tool to check for users who are no longer at your company. If they've
still got accounts on your servers, now's a better time than ever to remove them from your system.
Better still, figure out a process with your HR department so they let you know when people leave and you can remove
them immediately.
Test instances, databases, tables, stored procs, unused scheduled jobs and other unused objects all create bulk.
We've all done it, we all still do it. This is especially common in development databases. Use your time to scour
for these and remove them from your system. Always back up anything you're going to remove first (just in case…) and look
at putting unused databases into offline mode in SQL Server 2005.
Faulty router? Got a dodgy connection on that network port that's always generating packet errors and timeouts? Talk to
your network guys and get it swapped out as soon as possible. Network equipment often impacts more people than you can
imagine, so replacing it over an extended holiday period is often the best time to do it.
Ok, since Christmas is coming and I'm feeling generous, so here are a couple extra freebie tips for you…
Getting your server room air conditioning checked over, cleaned and maintained is essential. Don't do it and it will come back to bite
you. Likewise your power breakers and UPSes need a check-up from time to time too.
You'll probably have to involve the building maintenance guys for some of these tasks, but the holiday period is a good
time to get this sort of thing out of the way ready for the New Year.
Need to replace that ageing old Pentium 4 which won't take more than 2GB of RAM? Then festive system replacement is the
answer. Plus you get a chance to spend lots of valuable internet time drooling over, sorry, sensibly considering which
hardware upgrade will be best suited for your site.


text:
(Sunday June 28, 2015 A-Shift)
Lakewood Fire companies were dispatched to the 2000 block of Richland Sunday evening for reports of smoke coming from a house.
Upon arrival Car 2 reported smoke showing from a single family 2 story structure. Truck 1 arrived on scene and pulled an 1-3/4 to the front door. Engine 2 arrived on scene and was assigned first floor search and to assist Truck 1 with getting the line in place. Truck 1 advanced the line through the front door and encountered fire in the first floor, they quickly extinguished the fire. Searches were made by Engine 2 and Engine 3. Truck 1 reported that there was fire in the basement, Engine 2 deployed a second line to the rear of the structure and advanced it into the basement. Engine 2 encountered some fire in the front of the structure below the 1st floor fire and extinguished it.
Companies overhauled and checked for hot spots. Mutual aid was called to assist in fire suppression. There were no injuries. The cause of the fire is under investigation.
Lakewood Companies on Scene: Truck 1, Engine 2, Engine 3, Squad 1, Squad 2, Squad 3, Car 2, Car 1, Car 5. Mutual Aid: Rocky River Engine 64.


text:
ETF Expert Corner
Mike LaBella Explains Legg Mason's Low Volatility High Dividend ETFs
September 20th, 2016 by ETF Store Staff
In part 2 of our series spotlighting Legg Mason's ETFs (listen to part 1 here), Mike LaBella – Portfolio Manager at QS Investors, explains a low volatility high dividend approach to investing.
Podcast: Play in new window
Subscribe: Apple Podcasts | Android | RSS
You can listen to our interview with Mike LaBella by using the above media player or enjoy a full transcription of the interview below.
Nate Geraci: About a month ago, Mike LaBella, Portfolio Manager at QS Investors, joined us on the program to spotlight Legg Mason's diversified core ETFs. QS Investors is the sub advisor on Legg Mason's ETF lineup. Today, Mike is back to spotlight Legg Mason's low volatility high dividend ETFs, and Mike is joining us via phone today from New York. Mike, great to have you back on the show.
Mike LaBella: It's great to be here.
Nate Geraci: Mike, low volatility and high dividends have been, perhaps, the two most popular factors investors have looked to take advantage of this year. I thought to begin with today, for listeners who may not fully understand these factors, we should probably set the table just a bit, and let's start with a low volatility factor. Can you maybe explain what this is in layman's terms and talk about what investors should expect from stocks exhibiting lower volatility?
Mike LaBella: Sure. The low volatility factor, or the low volatility anomaly, is the fact that, when you actually look at stock return performance, what's been observed over time is that lower risk stocks tend to outperform higher risk stocks. For those listeners who know traditional financial theory or CAPM, the Capital Asset Pricing Model that goes against financial theory in terms of, if you take on more risk you should be compensated for that. What's very robust about this factor is that this observation of these lower-risk stocks outperforming higher-risk stocks is observed, not just in the U.S., but it is observed internationally. If you go to different countries like the U.K. or Japan, including emerging markets, and it has even been observed through history when you go back in different time periods. There's been observations of how these lower volatility stocks have outperformed their higher volatility ones. The reason for this is thought to be two-fold. One is that investors oftentimes overpay for growth so, in the hunt for the next Apple or the next Google, they get very excited about a particular security, and then that growth fails to materialize and they end up getting a lower return. The other reason that's oftentimes explained for the low volatility anomaly is math. It's the fact that, when something is more volatile and it potentially could draw down more, for example, the stock declines 50%, the stock then has to go up 100% to regain that same value, so if you go down less by reducing that volatility, then you don't have to go up as much to regain it, so that's called volatility drag.
Nate Geraci: Okay, and then what about higher dividend yielding stocks? Why might this be a good screen?
Mike LaBella: Higher dividend stocks have also been observed that, and this goes back to really Investing 101 for many people who have been investing over the long run is that, if you look at stable dividend-paying companies, they tend to outperform over the long run. Again, just like low volatility stocks, this has been observed in different environments, as well as in different countries. Once again, very important in why the high dividend factor has been getting a lot of attention is, in a low interest rate environment where people have been struggling to get income from traditional fixed income, these dividend-paying companies really provide a very favorable way to get attractive income.
Nate Geraci: Before we talk about Legg Mason's low volatility high dividend ETFs, what's the benefit of combining low volatility with high dividends?
Mike LaBella: We think about it in terms of common sense. One of the biggest critiques of low volatility strategies is that they don't take into account fundamentals or evaluations. While these strategies have become very popular in recent years and have done very well, for evaluation standpoint, some of them may be looking a little expensive. You can see some of the low-vol strategies trading at a premium to the market, trading about 25 times price to earnings. You go to the market, which is trading close to 20 times. When you add a dividend screen, where these companies are paying consistent dividends and then if you do, what we call, sustainable dividends, making sure those companies have the earnings or profitability to support those dividends, it brings a fundamental layer into this universe, and that can serve as a screen to really make these valuations or fundamentals much more attractive in the low volatility space.
Nate Geraci: We're visiting with Mike LaBella, Portfolio Manager at QS Investors. Let's look at the two Legg Mason ETFs offered in this space, the Legg Mason Low Volatility High Dividend ETF, ticker symbol LVHD, and the Legg Mason International Low Volatility High Dividend ETF, ticker symbol LVHI. Walk us through how these ETFs go about selecting individual holdings.
Mike LaBella: Both these ETFs tend to do the same thing, and that's to provide stable income and take into account market risks, or that low volatility component, so it really serves that function of giving investors that option for income, but also taking into account the increased market volatility that we've seen. Both use a screening process. Using the U.S. as an example for LVHD, what we do is, we screen the largest 3,000 companies in the U.S., and we look for stability characteristics, such as does the company pay a consistent dividend? Are they projected to continue to pay that dividend? We then look at sustainability metrics, such as profitability and earnings. Can they afford to pay that off? That's a very important component because many companies that pay dividends in today's world often do so without the earnings to back them up, so you have to wonder how sustainable those dividends are. Once we do that, we then look at the risk side of the equation. We then screen for the companies that are paying those dividends, but have the lowest price volatility and then the lowest earnings volatility to make sure that these are stable businesses with more predictable incomes that really just reinforce that draw-down protection component of this strategy. Then we re-balance on a quarterly basis, refreshing as the market environment's changing and as these company fundamentals change, as well.
Nate Geraci: Mike, are there any limits in terms of sectors or individual stockholdings, any concentration limits in the portfolio?
Mike LaBella: One of the things you do want to do with this is make sure that you instill a certain amount of diversification within the portfolio, and we do that with some portfolio construction constraints. We constrain stocks to be no more than 2.5% of the portfolio. We constrain individual sectors to be no more than 25%. We constrain REITs to be no more than 15% of the portfolio and, for the international strategy, we constrain any one country to be no more than 15% of the portfolio.
Nate Geraci: Mike, for comparison purposes, just at a high level, what is the composition of a low volatility high dividend portfolio look like versus the broad market, just in terms of the types of stocks held?
Mike LaBella: If you think about some of the stocks that you think may be a little bit less vulnerable to a recession or you think might be a little more low volatility, it's the kind of stocks you'd think about if you looked inside your kitchen. You see things like Procter and Gamble, you see things like Philip Morris, AT&T, UPS, so it's these types of well-established business models, these companies that have very strong balance sheets, are paying dividends, are probably a bit more mature along the growth trajectory, and that could be very different from what you see compared to the S&P 500 or the Russell 3000. Those indexes are much more heavily tilted towards growth areas, things like Apple and Google, information technology, and those potential areas. When you look at these low volatility or the high dividend strategies, you are going to see different sector tilts, particularly towards the more defensive sectors, like consumer staples, utilities, telecoms, and things like that.
Nate Geraci: The Legg Mason International Low Volatility ETF is currency hedged. Can you talk a little bit about that? Why hedge the currency risk in this ETF?
Mike LaBella: We've done a lot of research on currency hedging, and it's been a hot topic over the last several years where we've seen significant dollar appreciation. The U.S. is in line to continue to raise rates where the rest of the world is easing rates, and that's having big implications, but we don't view this as a tactical consideration. We view this as strategic. The reason we do that is, for this low volatility high dividend suite, it's really about wealth preservation. The first objective is not to lose money. When we think about international investing, which has some very attractive opportunities, one of the things people are concerned about is the increased volatility. One of the reasons volatility is greater abroad is that, when an investor buys an international stock, they don't just get that international stock, but they also get the currency such as, if it's in the U.K, for example, they get a British pound or sterling exposure. The driver of that currency is going to be different than the driver of the underlying stock, so it increases the risk profile. An example of this is, if you think about Brexit, a couple of months ago, the U.K. stock market, going back to that day in June, went down only about 2.5%. It actually went down less than the S&P 500 that day but, for a U.S. based investor who also had the currency risk, they lost over 11% that day because the pound significantly declined, so it really adds excessive risk during these market stress moments. What we found is, by hedging out that risk, over the long run, we're able to reduce the volatility without harming any of the investment returns over the long run.
Nate Geraci: Again, we're visiting with Mike LaBella, Portfolio Manager at QS Investors. They're the subadvisor on Legg Mason's ETFs. Mike, I mentioned earlier how both low volatility and high dividend stocks have been popular places for investors to put money to work over the past couple of years. Is there any concern that, perhaps, too many investors are crowding into these stocks and stretching valuations? Is it possible there's actually more risk in low volatility than investors might otherwise expect?
Mike LaBella: It's definitely a concern, and there's been a lot of talk about it. The way we view it is, first you have to compare the size of the universe and the fact is that, while these strategies are becoming more popular, they're still significantly smaller flows than if you would have compared it to traditional market cap weighted ETFs. That's been the major trend in the last 20 years, people moving towards these market cap weighted ETFs that, as I mentioned before, are very different from the weighting schemes of these low volatility ETFs. With that said, it doesn't mean you want to look at valuations and completely ignore valuations, and that's why we think that it's really important to combine low volatility with a sustainability factor, evaluation factor like high sustainable dividends. That's one of the key differentiators of the LVHD suite is that, not only are we picking the lowest volatility companies in the universe, we're first screening for those fundamental factors. If you look from a valuation standpoint, while our fund has done very well this year, up double digits, it's done so with a PE of only about 16 times price to earnings. That's trading at a discount both to the market, as well as to many of those low volatility strategies. You just have to be thoughtful about how you access a lot of these investment factors.
Nate Geraci: Mike, we have about two minutes left here. Along the same lines, as I'm sure you're well aware, so-called smart beta ETFs have continued to grow in popularity. This is one of the fastest growing segments of ETFs. I'm curious. As more investors look to take advantage of these different factors, whether we're talking about low volatility, high dividends, value, momentum, whatever the case may be, does the fact that more investors are pursuing these strategies make them less likely to work in the future? Do potential premiums get arbitraged away?
Mike LaBella: It's a great question, and it really goes back to the underlying investor has to understand what they're investing in and they have to understand, is the anomaly occurring because of some sort of behavioral inefficiency that's going to persist? With low volatility, again talking about, do we think that people are going to change their behavior and not get overly excited about companies like Tesla or the next Apple. That's something that's likely going to be pretty sticky. If you think about another very popular factor, like value. Value is something we've known about since the 1930s and has been very popular, but it still persists to this day and outperforms over the long run, and one of the primary reasons for that is, these things are risk factors, right? They can have long periods of time where their performance could deviate from a traditional cap-weighted benchmark, and many investors in that period of time who aren't disciplined may decide to sell in those particular periods of time, and that is really how this anomaly can continue to persist. It's something that investors have to continually reevaluate but, most importantly, have to do their research and their homework on to make sure that the factors that the investment strategy they're in is, indeed, something that's sustainable and likely to persist.
Nate Geraci: Mike, 30 seconds. Where do these two low volatility high dividend ETFs fit in an investor's portfolio? Are these core holdings?
Mike LaBella: It depends on what the underlying objective is but, if you're looking at something for bringing down your total equity volatility, say you have a little bit of a shorter time horizon, but you still want equity exposure, we can see these strategies as core holdings. If you're somebody who has a bit more time on the horizon, isn't as concerned about volatility, you can use these as more of an alpha strategy as a satellite position to kind of increase your return over the cap weight over longer periods of time.
Nate Geraci: Mike, with that, we'll have to leave it there. A pleasure having you back on the program. We certainly appreciate your time today.
Mike LaBella: It was great to be here. Thanks for having me back.
Nate Geraci: That was Mike LaBella, Portfolio Manager at QS Investors, and you can learn all about Legg Mason's ETF lineup by visiting leggmasonetf.com, that's leggmasonetf.com.
ETF Expert Corner
- January 14th, 2020
» Does ETF Size Matter? ETF.com's Drew Voros Weighs-In
- January 14th, 2020
» GFM Asset Management's Tariq Dennison on Emerging Markets, Bitcoin ETF
- January 14th, 2020
» EventShares' Ben Phillips Spotlights U.S. Legislative Opportunities ETF
- January 7th, 2020
» ETF.com's Drew Voros Recaps 2019 ETF Flows, Looks Ahead to 2020