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Interested in Obtaining a Second Passport?
One of the world's fastest and most respected Economic Citizenship program. Get a detailed and customized quote on applying for St. Kitts & Nevis Citizenship.
One of the world's fastest and most respected Economic Citizenship program. Get a detailed and customized quote on applying for St. Kitts & Nevis Citizenship.
Visa-free access to over 130 countries, including United Kingdom, Switzerland & Schengen States. read more
Instant and irrevocable citizenship. Dual citizenship allowed. There is no need to reside in the country.
No tax on all income including capital gains. Your wealth is secure and so is your family with no inheritance tax.
Established since 1984, the St Kitts and Nevis Economic Citizenship program is the oldest citizenship by investment program in the world. This is the fastest immigrant investor program to obtain a legal second passport and citizenship through naturalization.
The Government of St. Kitts and Nevis utilizes this program to attract investors of good character to make a substantial contribution to the development of the Federation. These investors are then given the opportunity to apply for citizenship and passport within the strict guidelines of the law and the relevant regulations.
Under current regulations, to qualify for citizenship of St. Kitts and Nevis under its Citizenship-by-Investment Program, the Government requires either an investment in designated Real Estate with a value of at least USD $400,000 plus payment of various registration and other fees, or a contribution to the Sugar Industry Diversification Foundation to the amount of between USD $250,000 and USD $450,000, depending on the number of dependents included in the application.
St. Kitts and Nevis, also known in the country's constitution as Saint Christopher and Nevis, has been independent since 1983 and forms part of the group of islands known as the Lesser Antilles, located some 2,000 km to the southeast of Miami. The Federation comprises two islands: Nevis with an area of some 93.2 km2 and St. Kitts with 168.4 km2. The official and business language is English.
The Federation is a member of the United Nations (UN), of the Organization of American States (OAS), the British Commonwealth and many other international organizations. The Eastern Caribbean Central Bank has its headquarters on St. Kitts. It maintains the stability of the Eastern Caribbean Dollar (EC$), which is the national currency of most eastern Caribbean countries and is tied to the US Dollar. The head of state is the Queen of England. St. Kitts and Nevis is a well functioning democracy based on the British parliamentary system.
St. Kitts and Nevis has a pleasant climate, particularly during the cooler months from December to March. Humidity is relatively low, and constant northeast trade winds keep the islands cool. St. Kitts & Nevis offers good opportunities for investors. The workforce is well-educated, English-speaking and friendly. The Government grants tax breaks, guaranteed repatriation of profits and concessions on import duties. There are no income or capital gains taxes, no net wealth taxes and no inheritance or gift taxes in St. Kitts & Nevis.
One of the world's fastest and most respected Economic Citizenship program. Get a detailed and customized quote on applying for St. Kitts & Nevis Citizenship.


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Hammann Rear Wing Spoiler E70 X5 07-011
4 Attachment(s)
For sale here is a GENUINE HAMMANN rear wing spoiler for BMW X5 E70 2007-2011
This spoiler is BRAND NEW and NEVER PAINTED or INSTALLED These spoilers retail anywhere between 900 and 1200 dollars I'm gonna sell it for less than anywhere, so once this one is gone, your gonna have to spend more more more money elsewhere This is a huge opportunity to have the finest of body kit makers dress your Bimmer to look better and handle better too! a bargain at $700.00 pm me or text 905-971-5287 |
Price drop
$600.00 |
price drop
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$300.00 |
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text: Transformers Meets Cloverfield, from the Director Of HostelCharlie Jane Anders4/25/08 10:00amFiled to: Eli RothcloverfieldHostelTransformersdisaster moviesshaky cam20EditPromoteShare to KinjaToggle Conversation toolsGo to permalink Hostel director Eli Roth is sick of doing torture-porn, and he's in the home stretch of writing a huge-budget PG-13 science fiction movie that he says is inspired by Transformers and Cloverfield. He isn't giving any details about the new project, except that it'll feature "mass-destruction" and pandemonium. (The other thing Cloverfield and Transformers have in common, of course, is the dreaded shaky-cam [TM].) Roth hasn't completely changed his tune, however: he'll still film some ultraviolent scenes, to include on an unrated DVD for his splattery fans. [FirstShowing] Reply20 repliesLeave a reply


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Question: Is Coconut a Tree Nut?

Answer:

That's a surprisingly complicated question. If you ask the U.S. Food and Drug Administration, the answer is "yes:" foods containing coconut are required to be labeled "contains tree nuts" under FALCPA.

The unasked question here is whether coconut is a dangerous food for those with tree nut allergies. And the answer here is, "It depends." Allergies to coconuts are believed to be far less common than allergies to, for instance, cashews and almonds (two particularly allergenic tree nuts).

Botanically, coconuts are most closely related to other palms and betel nuts. They come from coconut palm trees and are not closely related to most other tree nuts. While botanical relationships are not the only factor that determines whether two foods will be cross-reactive, foods that are close biological relatives often share related allergenic proteins. (Good example of this phenomenon are cashews and pistachios - two closely related plants that contain similar proteins. People who are allergic to one of these nuts are often allergic to both.) There is some evidence of cross-reactivity between coconuts and hazelnuts and between coconuts and walnuts.

What does this mean about coconut's role in your diet if you've been diagnosed with an allergy to another tree nut? First, you should avoid coconuts after a positive allergy test to another tree nut given that there is some possibility of cross-reactivity and that tree nut reactions can be severe. Second, if you're allergic to another tree nut, have a history of eating coconuts without problem and are interested in seeing whether coconuts could be part of your diet, discuss the possibility of further testing with your allergist. Your allergist can let you know whether your other test results and history make more testing or a food challenge a reasonable next step.

To avoid coconut in foods, you must be a food label detective. Coconut is present in many foods as a derivative such as coconut oil, rice, sugar, water, cream, milk, and milk powder. It's also present in rum, candy, and many desserts. You'll find many coconut-derived ingredients in soaps and shampoos. Some people may have skin sensitivity to coconut oil from these products also known as contact allergic dermatitis. Therefore, keep an eye out for ingredients and alcohols in beauty products that may be derived from coconut if you feel it may be causing itchy or irritated skin.

Sources:

Rieger, Mark. University of Georgia. "Coconut." Internet Resource.

Teuber, Susan M. and W. Rich Peterson. "Systematic Allergic Reaction to Coconut (Cocus Nucifera) in 2 Subjects with Hypersensitivity to Tree Nut and Demonstration of Cross-Reactivity to Legumin-Like Seed Storage Proteins: New Coconut and Walnut Food Allergens." Journal of Allergy and Clinical Immunology. June 1999. 103(6): 1180-85.


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WD My Passport Ultra 2TB Portable Drive - USB 3.0 Interface, Password Protection, Automatic & Cloud Backup, Compatible With Windows 8, Red - WDBMWV0020BRD-NESN
Item#: W10-8609 R | Model#: WDBMWV0020BRD-NESNCurrently Out Of Stock!
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WD My Passport Ultra 2TB Portable Drive Product Details
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Shipping Weight: 0.5000 pound(s)
Click here for full warranty and support information - WD logos are registered trademarks of WD. All others trademarks and copyrights mentioned herein are the property of their respective owners.


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Female mannequin white, without head, hands at the back
Item number: 634.496.03
made of fibreglass, matt finish varnish, with flip flop toes, calf pin and base plate made of glass, price per piece
- Clothing sizes: dress size 36, shoe size 37
- Dimensions: measurements 84/61/87 cm, heel height 7 cm
- Variants: hands at the back
- Version: Without head
- colour: white
- height: height 158 cm
- Price plus Shipping costs
- 1 piece €389.00 VAT excl. €359.00 VAT excl. €427.21 VAT incl.
Item x added
Overview of your shopping basket


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There have been plenty of non official apps released supporting online photo sharing sites such as Flickr but none have been official. The official Flickr app for iPhone just released can now be found from the App Store for free! The Flickr iPhone app allows you to share, and upload your photos and videos direct to Flickr.
It's out! Finally a proper Facebook app update which I have really been looking forward to. The new Facebook app version 3.0 for the iPhone / iPod Touch aims to make staying connected to and sharing updates with your friends an even easier experience than before.
Probably the features which I have personally been most wanting to see is support for landscape mode, zooming photos, seeing latest b-day and updates and of course a complete photo management entirely from your iPhone. For iPhone 3GS users, you will definitely be delighted to know that the new Facebook 3.0 app now finally gives you the ability to upload videos which you have recorded. Continue reading »
The news doesn't come as much surprise. Ever since O2 won exclusive rights to selling the iPhone here in the UK its gained a tremendous number of new customers but its also been a controversial topic amongst users especially when talking about how its iPhone tariffs are arranged and offered. The confusing deal between the UK network giant and Apple gives O2 the right to offer the iPhone until 2012, although being the only operator in the UK that can sell Apple's iPhone is only a 2-year deal. To make this more clear, the bottom line is that O2 will soon need to be prepared to sell iPhones along side its rival networks here in the UK. Its exclusive iPhone contract will end officially by the 9th of this October. Analysts say specifically Orange and T-Mobile will be the networks we should look out for as they have already got agreements with Apple for the iPhone in France and Germany.
Very good morning to everyone, this is a quick announcement for those who took part in our latest free iPhone 3G/ 3GS carbon fiber case giveaway. Thanks to all of you who took part, the winner has now been randomly chosen.
The winning entry of the giveaway as chosen using Random.org's random number generator is entry number 18 which means Patara you are our latest winner!
If you thought your iPhone 3GS' hardware encryption was safe, you better think again. Yes while many of us (including myself) have great faith and trust in Apple and their OS developers, what we've found on YouTube completely shatters our minds on the definition of safe security. The quick video below shows you how vulnerable the iPhone can be at times when Apple tells you that there is nothing to be worried about. Removing the passcode PIN and backup encryption from the iPhone is actually easy-peasy!
The iPhone Dev Team last week released the video below demoing to us that their unlocking tools will work for the iPhone 3GS: Continue reading »
Update (06072009): Purplera1n for Mac OS X released, works the exact same way, scroll down for instructions on use!
So far the iPhone Dev Team have been reluctant to release their jailbreak and unlock tool for the iPhone 3GS. Though the Dev Team says this is possible, they feel that iPhone OS firmware 3.1 which may soon be released will cause a rapid repeat of their cat and mouse game with Apple. So where is this non-Dev Team jailbreak method coming from? George or GeoHot says the following…
Normally I don't make tools for the general public, and rather wait for the dev team to do it. But guys, whats up with waiting until 3.1? That isn't how the game is played. We release, Apple fixes, we find new holes. It isn't worth waiting because you might have the "last" hole in the iPhone. What last hole…this isn't golf. I'll find a new one next week.
Though George did say the above, its important to note
Continue reading »


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Starting new thread here, since it seems ads for colleges are a fairly frequent thing.
[quote="The King's College"]Dear Homeschooled Students and Families:
Greetings from The King's College, New York City (http://www.tkc.edu)! The King's College is a rigorous Christian college in the heart of New York's famous Empire State Building, and we're hoping to get in touch with homeschooling networks and folks in your area!
This year, King's seeks to fill the remaining seats with intelligent students who want to engage culture for Christ…right in the epicenter of where culture is created! Our faculty—great minds such as Dr. Marvin Olasky (Editor-in-Chief of WORLD Magazine) and Dr. Peter Kreeft (author of numerous books and tenured philosophy professor at Boston College)—are eager to assist you in your academic development. At King's, you will be able to further develop your Christian worldview as you pursue degrees in Politics, Philosophy, and Economics (PP&E); Business Management; and Media, Culture, and the Arts (MCA).
We believe that there are exceptional 2009 graduates out there who have yet to choose a college. There are also students who have chosen a college for the fall but are not completely satisfied with their decision. If you fall in either of those categories, I'd encourage you to take a closer look at The King's College. If you're an academically gifted student and are interested in finding out more about King's, visit our website and apply online for FREE at http://www.tkc.edu/apply. For homeschooled students, we'd love to waive the $30 application fee—just enter homeschool (all lower case, no spaces) in the "Name on Credit Cardâ€
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6 Words You're LITERALLY Using Wrong
You've probably been using all these words incorrectly. Enjoy these factoids! Er, we mean "facts."
Anyhoo loves fun facts, pop culture and bringing you mind-bending stories and perspective every day. We will always be here with an informative distraction. Anyhoo...
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The incident took place at Rampur village forests, close to Mendki river, under Pratappur police station limits, Kanker Superintendent of Police RN Dash said. Latest News from Chhattisgarh News Desk
Acting on specific inputs, a joint squad of 127th battalion of Border Security Force (BSF) and district force was dispatched on a combing exercise from eight different company operating bases (COBs) in Badgaon region.
On reaching Rampur, located 35km south of Badgaon, security personnel spotted three naxals in the forests following which they surrounded the area and nabbed the cadres, the SP said.
The arrested - Dharmu Podo (26), Rai Singh (47) and Nar Singh (35) - are wanted in several incidents of crime in the region, he said.
Besides, two single barrel muzzle loading guns (SBML), a pipe bomb, a half kg explosive, three detonators, battery chargers, wires, couple of batteries, flash light batteries, electric circuits (big and small size), a loud speaker, naxal posters and pamphlets, ammunition pouch and medicines, were recovered from their possession, he added.
The operation named 'Meghdoot', was planned ahead of ongoing Martyrs' Naxal week which is being observed by the naxals from July 28 to August 3, Dash said.
Notably, combing operations have been intensified in the insurgency-hit pockets of the state, particularly in Bastar during Maoist's martyrs week.
The call for observing martyrs' week has hit normal life in Bastar region as transporters have stopped plying buses to the remote areas.
Railways too are not running the Visakhapatnam-Kirandul train beyond Jagdalpur during the week, fearing Naxal attacks, forcing commuters to travel by bus from Jagdalpur to Kirandul.


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Agricultural Bank Of China (HKG:1288) Possible Correction Towards 3.11
Overall, the bias in prices is: Upwards.
Short term: Prices are stalling.
Intermediate term: Prices are trending.
Note: this chart shows extraordinary price action to the upside.
By the way, prices are vulnerable to a correction towards 3.11.
The projected upper bound is: 3.40.
The projected lower bound is: 3.18.
The projected closing price is: 3.29.
During the past 10 bars, there have been 4 white candles and 3 black candles for a net of 1 white candles. During the past 50 bars, there have been 32 white candles and 13 black candles for a net of 19 white candles.
Momentum Indicators
Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.
Stochastic Oscillator
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 9.0909. This is an oversold reading. However, a signal is not generated until the Oscillator crosses above 20 The last signal was a sell 3 period(s) ago.
Relative Strength Index (RSI)
The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 58.70. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 3 period(s) ago.
Commodity Channel Index (CCI)
The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is -1. This is not a topping or bottoming area. The last signal was a sell 3 period(s) ago.
The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 2 period(s) ago.
Rex Takasugi – TD Profile
ABC closed up 0.020 at 3.280. Volume was 24% below average (neutral) and Bollinger Bands were 57% wider than normal.
Open High Low Close Volume___
3.280 3.300 3.260 3.280 88,622,464
Technical Outlook
Short Term: Oversold
Intermediate Term: Bullish
Long Term: Bullish
Moving Averages: 10-period 50-period 200-period
Close: 3.33 3.04 2.88
Volatility: 34 22 29
Volume: 173,206,768 116,590,352 129,830,800
Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.
ABC is currently 14.0% above its 200-period moving average and is in an upward trend. Volatility is extremely high when compared to the average volatility over the last 10 periods. There is a good possibility that volatility will decrease and prices will stabilize in the near term. Our volume indicators reflect moderate flows of volume into 1288.HK (mildly bullish). Our trend forecasting oscillators are currently bullish on 1288.HK and have had this outlook for the last 32 periods.
Latest posts by HEFFX Australia (see all)
- Ajman Bank (AJBNK:DU) Heffx Trading Outlook - March 23, 2017
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It seems that Salman Khan and Asin are everywhere.
Yesterday, they attended the special screening of 'Ready', for underprivileged children, at the Infiniti Mall in Versova, Mumbai.
The lead pair interacted freely with youngsters posing for photographs and signing autographs.
Seems like we have a new couple in the town? We are talking about none other than Salman Khan and Asin.
Recently in New Delhi to promote their new film 'Ready', nobody could not help but notice sizzling chemistry between the two stars.
We all know how Salman Khan backs her heroines to hilt and same is the case with Asin. Asin too has claimed that she is quite fond of the megastar.
Let's see how this story develops.
Salman Khan and his groupies are busy promoting 'Ready'. While Salman Khan continues his media blitzkrieg. his family is quietly promitng ready among film fraternity.
Yesterday again, Ketnav theatre, Bandra was Bollywood poyring in. Neetu Singh, Amol Gupte along with his son Partho Numaan, Ashmit Patel among others were spotted at the screening.
Atul Agnihotri, Salman's sister Alvira Khan and Salim Khan played perfect hosts of the event.
Although it was a private screening of Ready at Ketnav in Bandra, Mumbai, glam quotient was high with a host of beauties from Salman Khan's entourage attending the event.
Current Bollywood hottie Sonakshi Sinha was dressed suitably in casuals wearing blue denims and knotted check shirt of same color. It seems that the gal has an impeccable style!
Zarine Khan also showed up and but her attire suggested that her character is not dheela afterall. She was dressed simply in a tee but looked radiant.
Malaika Arora and little sis Amrita Arora added more sexiness to the event in completely different ways….
Catch Ready movie stills, posters and wallpapers. Salman Khan is ready to do dhamaal with his latest masala film Ready.
Directed by Anees Bazmee the film is a love story starring Salman and Asin in lead roles. The film is a remake of the 2008 Telugu hit Ready directed by Sreenu Vaitla starring Ram and Genelia. The music is given by Pritam. It also features Paresh Rawal, Arya Babbar and Mahesh Manjrekar in supporting roles, while Ajay Devgan, Sanjay Dutt, Kangana Ranaut, Zarine Khan and Arbaaz Khan will make cameo appearances.
What's the story of Ready? Salman plays Prem who fights for his love
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Inspired by "fuck" conversation last Saturday, which is a very delicate subject.
All of us, living in a fast growing temper of big cities are busy. We go to work, go to college full time, or have kids to take care of. There are plenty of things to do. When crazy week days are over we have yoga or tango classes, and shopping to do aside the chorus, french classes and getting a good sleep.
When is there time for sex?
The right answer would be – there is always time for sex. But the stress and busyness lead some couples to pencil their intimacy. It is logical, simple and hot to know that your schedule after works has a mark "Ryan 8 pm".
It is exciting to feel the anticipation, but on the other hand do we feel it is comfortable to set up our special moments with an important person for us on a basis of a scheduled task? It seems awkward to plan it, it is out of style, especially for femme-fatale like me, but even when sex is spontaneous, in every woman's head it is always planned. (wink!)
Sometimes it can even feel pressured, says a friend of mine Lara. I agree it is more natural to be spontaneous. But put it this way, if you have business meetings, classes, and spa (that you need in order for your date to be really hot), and lots of other "list – to – do" things it gets to the point when you start scheduling everything. Each action requires time and effort.
After talking to my girlfriends last night we came up with this conclusion.
So, really when saying "Hey, I'm meeting you over at my place to show you something really fantastic, make sure you're not busy for a couple of hours. So, do you want to come over?" is basically planning without saying "Do you want to have sex this Thursday around afternoon? Ok, than don't forget to write it down in your planner."
The key to having planned sex is never making the plans out loud! Well, this one – write it down!
LARA Says:
April 29th, 2008 at 12:38 pmYou know, i've told my boyfriend i wanted him just like this out loud and it worked perfectly! cause sometimes (or predominantly the bulk time) i think boys just want to have sex without any romance, foreplay or those things we – girls demand. and if u say him "I want u now! I'm thinking about u for the whole day! i'll be waiting for u at my place tonight! Be there!"? be sure, he'll rush to u as far as he knows that u want sex… just sex…
There are so many way to be used for telling u want SEX!
Leave a Reply


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Microchip develops low-power motion controller We've heard plenty about motion controllers for game consoles and the PC, but what about mobile devices? Arizona-based semiconductor firm Microchip Technology has... Type: News story Tags: Input devices Mobile computing |
4 |
New Acer Chromebook has Core inside, costs $199 Thought Samsung's $249 Chromebook was cheap? You ain't seen nothin' yet. Google and Acer have jointly unwrapped a new, even more affordable Chromebook... Type: News story Tags: Mobile computing |
38 |
Retina iPad mini due next year, reports say If you've had a chance to play with an iPad mini, you were... Type: News story Tags: Displays Personal tech |
38 |
VivoTab RT slips to $549, keyboard included Hoping to stick a Windows RT tablet under the Christmas tree this year? Then you might be hard-pressed to do better than Asus' VivoTab RT.... Type: News story Tags: Mobile computing Personal tech |
29 |
Imagination Tech buys MIPS, gets license to thrill These are certainly interesting times in the tech industry, not least because of the success of chip firms who license their IP for use by... Type: News story Tags: CPUs Mobile computing Personal tech |
64 |
Report: 7-inch Xbox Surface tablet in the works Microsoft's family of Surface tablets may grow to include a 7" model tailored... Type: News story Tags: Mobile computing Gaming |
48 |
IHS: iPad mini costs $188 to make At $329, the iPad mini is a fair bit pricier than its $199, 7" Android rivals. Then again, it also looks nicer and seems to... Type: News story Tags: Personal tech |
91 |
Wall Street Journal echoes Microsoft phone rumors About a month ago, we quoted a handful of reports all citing evidence of an upcoming Microsoft phone. Now, the Wall Street Journal... Type: News story Tags: Personal tech |
25 |
Google Now's underpinnings explored The Jelly Bean version of Google's Android OS is coveted primarily for the Project Butter responsiveness enhancements that smooth out UI navigation. The more... Type: News story Tags: Mobile computing Internet Operating systems |
26 |
Linus Torvalds laments low-res notebook displays The creator of the Linux kernel isn't quite as outspoken as other, more bearded members of the open-source community. He does speak out on occasion,... Type: News story Tags: Displays Mobile computing |
146 |
Poll: What will be the fate of Windows RT? Windows RT is a curious beast. It features the tablet-friendly Modern UI Style and is compatible with the ARM-based processors found in most modern... Poll Question: • What will happen to WinRT? Type: News story Tags: Mobile computing Operating systems |
86 |
Acer delays Windows RT tablet There are a couple of Windows RT devices out there right now, and more are on the way. Acer won't be throwing its hat... Type: News story Tags: Mobile computing Operating systems |
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ARM intros 64-bit Cortex-A50, to be used by AMD Yesterday, we reported that AMD's ARM-compatible processors will include pre-fab 64-bit ARM cores, not compatible cores designed by AMD itself. Now, we have some... Type: News story Tags: CPUs Mobile computing Personal tech |
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Latest Windows Phone 8 ad features Steve Ballmer Steve Ballmer has kind of a history with ads. There was that famous Windows 1.0 ad, in which he donned a used car salesman outfit... Type: News story Tags: Windows Personal tech |
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Reports: Apple fires iOS, retail chiefs Wow. Lots of big news this week already: the new Google hardware, the Windows Phone 8 launch, AMD partnering up with ARM, and now... Type: News story Tags: Mac Personal tech |
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Google unveils new Nexus devices Although Hurricane Sandy caused Google to cancel the media event it had planned for today, the company has updated its blog with official details on... Type: News story Tags: Mobile computing Operating systems Personal tech |
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OLPC project drops tablets into remote villages There has been much debate about whether tablets belong in classrooms. Based on the results of an experiment by the One Laptop Per Child... Type: News story Tags: Mobile computing |
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EVGA readies a Hybrid Waterblock for Nvidia GP102 cards | 0 |


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If the St. Johns County School Board had the money, it would be building a school a year in order to handle the growing number of students.
Dropping property values and tax monies, a cut in millage from the Florida Legislature and little state money for public schools means those schools won't be built in the immediate future.
But the need is there, says Superintendent Joe Joyner, and the board is seeking ways to address the growth issue, including looking for help from legislators.
"If we had the resources we'd be building another school this very day," Joyner said. "That's what we did for the first six or seven years when our tax base was growing at a similar rate as our population."
Now, tax rates don't keep up with growth needs and decisions made in Tallahassee have put additional clamps on needs.
"It's not just the economy, it's choices that have been made by the state," Joyner said.
Over two years, the state legislature cut money from the school districts' capital budgets and transferred the money into the state's operating budget.
Also, for many years the St. Johns County School District has levied 2 mills for the capital budget; now it's at 1.5 mills. Capital budgets pay for building, maintenance and items such as buses and technology.
This year public schools took another hit when legislators voted to give almost all the state funding for school construction (called PECO funds) to charter schools. The state's 350 charter schools will be sharing $55 million while the state's 3,000 traditional schools are going without.
That's a huge change from the 2007-08 year when traditional schools shared more than
$500 million with half of the funds going for new construction.
Finally, school districts are seeing a drop in tax revenue as the value of houses has dropped.
In St. Johns County, the district is seeking help from the legislature to remedy some of the problems. They'll be asking permission for the board to be able by a super majority (4 of 5 commissioners) to reinstate .25 mills of the lost building fund millage and they're asking that money go to K-12 schools not just charter schools "because some of us are growing," Joyner said. The district is asking that when students are allowed to transfer in (another bit of new legislation) from out-of-county schools, the capital dollars (building money) for those students come in with them in addition to their FTE money.
Also, the district is asking legislators to figure in a growth factor in allocations so that those districts that are growing will get a higher percentage of state dollars than districts in decline.
Most recent figures show that St. Johns County is the second fastest growing district in the state.
The district's student population has gone up about 3 percent per year since the 2006-07.
When the St. Johns County legislative delegation met here recently, the chair, State Sen. John Thrasher, R-St. Augustine, told officials those "seemed like reasonable requests and asked us to follow up on them," Joyner said.


text:
Arsenic Trioxide, Cytarabine, and Idarubicin in Treating Patients With Acute Myeloid Leukemia
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RATIONALE: Drugs used in chemotherapy, such as arsenic trioxide, cytarabine, and idarubicin, work in different ways to stop cancer cells from dividing so they stop growing or die. Combining more than one drug may kill more cancer cells.
PURPOSE: This phase I trial is studying the side effects and best dose of arsenic trioxide when given together with cytarabine and idarubicin in treating patients with acute myeloid leukemia.
Condition | Intervention | Phase |
Leukemia |
Biological: filgrastim Drug: arsenic trioxide Drug: cytarabine Drug: idarubicin |
Phase 1 |
Study Type: | Interventional |
Study Design: | Intervention Model: Single Group Assignment Masking: Open Label Primary Purpose: Treatment |
Official Title: | Arsenic Trioxide, High-Dose Cytarabine and Idarubicin Induction Therapy in Previously Untreated de Novo and Secondary Adult Acute Myeloid Leukemia Patients < 60 Years Old - A Phase I Study |
- Maximum tolerated dose and/or biologically effective dose or arsenic trioxide [ Time Frame: 30 days after completion of study treatment ]
Enrollment: | 61 |
Study Start Date: | April 2002 |
Study Completion Date: | December 2009 |
Primary Completion Date: | November 2009 (Final data collection date for primary outcome measure) |
Biological: filgrastim
- Determine the maximum tolerated dose and/or biologically effective dose of arsenic trioxide followed by high-dose cytarabine and idarubicin in patients with previously untreated de novo or secondary acute myeloid leukemia.
OUTLINE: This is a dose-escalation study of arsenic trioxide. Patients are stratified according to timing of accrual (before November 2002 vs since November 2002).
Patients receive arsenic trioxide IV over 1 hour on day 1 followed by high-dose cytarabine IV over 1 hour every 12 hours on days 1-6 and idarubicin IV over 30 minutes on days 2-4 (immediately after doses 3, 5 and 7 of cytarabine). Patients also receive filgrastim (G-CSF) subcutaneously beginning 12 hours after the last dose of chemotherapy and continuing until blood counts recover.
Cohorts of 3-6 patients receive escalating doses of arsenic trioxide until the maximum tolerated dose (MTD), current dose used for myelodysplastic syndromes or acute promyelocytic leukemia, or biologically effective dose is reached. The MTD is defined as the dose preceding that at which 2 of 6 patients experience dose-limiting toxicity. The biologically effective dose is defined as the dose at which 3 patients with constitutive STAT3 activity have the activity negated after the first dose of arsenic trioxide.
PROJECTED ACCRUAL: A maximum of 40 patients (6 for stratum I [accrued before November 2002] and 34 for stratum II [accrued since November 2002] will be accrued for this study within 3 years.
Ages Eligible for Study: | 18 Years to 59 Years (Adult) |
Sexes Eligible for Study: | All |
Accepts Healthy Volunteers: | No |
Histologically confirmed de novo or secondary acute myeloid leukemia with ≥ 20% blasts AND at least 1 of the following characteristics*:
- Auer rods
- Peroxidase or sudan black positive blasts
- Chloroacetate esterase-positive or diffusely non-specific esterase-positive blasts
- Presence of a myeloid immunophenotype by multiparameter flow cytometry, including expression of one or more myeloid markers (CD13, CD33) on blasts NOTE: *Megakaryocytic leukemia can be diagnosed by the detection of platelet antigens (e.g. factor VIII, glycoprotein Ib or IIb/IIIa) using monoclonal antibodies or the presence of ultrastructural platelet peroxidase
- No acute promyelocytic leukemia
- No Philadelphia-chromosome positive chronic myeloid leukemia
- Prior hematologic disorders, including myelodysplastic syndromes, aplastic anemia, paroxysmal nocturnal hemoglobinuria, and myeloproliferative disorders allowed
- 18 to 59
Performance status
- Not specified
Life expectancy
- More than 4 weeks
- Not specified
- Bilirubin ≤ 2 times normal*
- SGOT ≤ 2 times normal*
- Alkaline phosphatase ≤ 2 times normal* NOTE: *Unless abnormalities are directly attributable to leukemia
- Creatinine ≤ 1.5 times normal* NOTE: *Unless abnormalities are directly attributable to leukemia
- Cardiac ejection fraction ≥ 45%*
- Absolute QT interval ≤ 460 msec with potassium > 4.0 mEq/L and magnesium > 1.8 mg/dL
- No myocardial infarction within the past 6 months
- No uncontrolled symptomatic congestive heart failure
- No angina pectoris
- No multifocal cardiac arrythmias
- No other severe cardiovascular disease NOTE: *Unless abnormalities are directly attributable to leukemia
- No serious medical or psychiatric illness that would preclude informed consent or limit survival to < 4 weeks
- No uncontrolled diabetes mellitus
- No other concurrent active malignancy
- No known hypersensitivity to E. coli-derived drug preparations
- Not pregnant or nursing
- Negative pregnancy test
- Fertile patients must use effective contraception during and for 3 months after study participation
Biologic therapy
- Not specified
No prior chemotherapy for acute leukemia, except hydroxyurea to control white blood cell counts
- Prior chemotherapy for an antecedent malignancy or other medical condition allowed
Endocrine therapy
- Not specified
- Prior radiotherapy for an antecedent malignancy or other medical condition allowed
- Not specified
Please refer to this study by its ClinicalTrials.gov identifier: NCT00093483
United States, New York | |
Roswell Park Cancer Institute | |
Buffalo, New York, United States, 14263-0001 |
Study Chair: | Meir Wetzler, MD | Roswell Park Cancer Institute |
Responsible Party: | Roswell Park Cancer Institute |
ClinicalTrials.gov Identifier: | NCT00093483 History of Changes |
Other Study ID Numbers: |
CDR0000387999 P30CA016056 ( US NIH Grant/Contract Award Number ) RPCI-RP-0209 |
Study First Received: | October 6, 2004 |
Last Updated: | January 10, 2014 |
Keywords provided by Roswell Park Cancer Institute:
adult acute basophilic leukemia adult acute eosinophilic leukemia adult erythroleukemia (M6a) adult pure erythroid leukemia (M6b) adult acute megakaryoblastic leukemia (M7) adult acute minimally differentiated myeloid leukemia (M0) adult acute monoblastic leukemia (M5a) adult acute monocytic leukemia (M5b) adult acute myeloblastic leukemia with maturation (M2) |
adult acute myeloblastic leukemia without maturation (M1) adult acute myelomonocytic leukemia (M4) adult acute myeloid leukemia with t(8;21)(q22;q22) adult acute myeloid leukemia with t(16;16)(p13;q22) adult acute myeloid leukemia with inv(16)(p13;q22) adult acute myeloid leukemia with 11q23 (MLL) abnormalities untreated adult acute myeloid leukemia secondary acute myeloid leukemia |
Additional relevant MeSH terms:
Leukemia Leukemia, Myeloid Leukemia, Myeloid, Acute Neoplasms by Histologic Type Neoplasms Cytarabine Arsenic trioxide Idarubicin Antimetabolites, Antineoplastic Antimetabolites Molecular Mechanisms of Pharmacological Action |
Antineoplastic Agents Antiviral Agents Anti-Infective Agents Immunosuppressive Agents Immunologic Factors Physiological Effects of Drugs Antibiotics, Antineoplastic Topoisomerase II Inhibitors Topoisomerase Inhibitors Enzyme Inhibitors |
ClinicalTrials.gov processed this record on March 24, 2017


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Jewish World Review March 31, 2008 / 24 Adar II 5768 False memory: The strange case of Hillary Clinton By Paul Greenberg
http://www.JewishWorldReview.com |
It happens. Or rather it didn't happen. How many of us can remember an event, often full of emotional overtones, that didn't happen? It's a common enough experience to have a name: false memory. Every weekday JewishWorldReview.com publishes what many in in the media and Washington consider "must-reading". Sign up for the daily JWR update. It's free. Just click here. JWR contributor Paul Greenberg, editorial page editor of the Arkansas Democrat-Gazette, has won the Pulitzer Prize for editorial writing. Send your comments by clicking here. © 2006 Tribune Media Services, Inc. |
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Q I was thinking about the similiar trip, but the time will be slightly different, from 29th April to 8th of May.
6 years ago
Dates 22 Apr '11 to 2 May '11
Flexible? Somewhat
Est. Cost 700 - 1,000 GBP (GBP United Kingdom Pounds)
Type Travel Partners Wanted
Name Budapest-Bratislava-Vienna-Munchen-Berlin
I plan to travel, tentatively, from Budapest to Berlin (or Munchen) as final stop by ground (car-taxi-train-etc) over 11 days. The plan is to walk around during the day and relax and go out at night or whatever comes up. Not much is set at this stage....
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Monday, December 26, 2011
Breakfast Brownies for a Penny
My sister Penny and her spouse Chuck Pefley produce a Christmas card every year, as they have since 1992. A collaboration - His image and Her verse, and it's always a welcome bit of Christmas Candy for your eyes.
And your heart.
Thank you to the both of you for making this Christmas so special to me.
The little critter in the upper left hand corner? His name is Do-Bee. That's Chuck on his Vespa. There's Bob on his sled, and Genie just pulled a gold Penny from his bag. I don't think that the little fellow witth his nose in a book is named Mark, but perhaps.
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Romanowicz, Renata J. and Young, Peter C. and Beven, Keith J. and Pappenberger, Florian (2008) A data based mechanistic approach to nonlinear flood routing and adaptive flood level forecasting. Advances in Water Resources, 31 (8). pp. 1048-1056.
Full text not available from this repository.Abstract
Operational flood forecasting requires accurate forecasts with a suitable lead time, in order to be able to issue appropriate warnings and take appropriate emergency actions. Recent improvements in both flood plain characterization and computational capabilities have made the use of distributed flood inundation models more common. However, problems remain with the application of such models. There are still uncertainties associated with the identifiability of parameters; with the computational burden of calculating distributed estimates of predictive uncertainty; and with the adaptive use of such models for operational, real-time flood inundation forecasting. Moreover, the application of distributed models is complex, costly and requires high degrees of skill. This paper presents an alternative to distributed inundation models for real-time flood forecasting that provides fast and accurate, medium to short-term forecasts. The Data Based Mechanistic (DBM) methodology exploits a State Dependent Parameter (SDP) modelling approach to derive a nonlinear dependence between the water levels measured at gauging stations along the river. The transformation of water levels depends on the relative geometry of the channel cross-sections, without the need to apply rating curve transformations to the discharge. The relationship obtained is used to transform water levels as an input to a linear, on-line, real-time and adaptive stochastic DBM model. The approach provides an estimate of the prediction uncertainties, including allowing for heterescadasticity of the multi-step-ahead forecasting errors. The approach is illustrated using an 80 km reach of the River Severn, in the UK.
Item Type: | Article |
Journal or Publication Title: | Advances in Water Resources |
Uncontrolled Keywords: | Flood forecasting ; State dependent parameter ; On-line data assimilation ; Uncertainty |
Subjects: | G Geography. Anthropology. Recreation > GE Environmental Sciences |
Departments: | Faculty of Science and Technology > Lancaster Environment Centre |
ID Code: | 27360 |
Deposited By: | Mr Richard Ingham |
Deposited On: | 20 Oct 2009 13:32 |
Refereed?: | Yes |
Published?: | Published |
Last Modified: | 29 Mar 2017 02:00 |
Identification Number: | |
URI: | http://eprints.lancs.ac.uk/id/eprint/27360 |
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Need a request for proposal or information on one of our sports cities? Click the city listing or map for contact information.
The Group Travel Section of the Arkansas Department of Parks and Tourism, in collaboration with the Arkansas Association of Convention and Visitors Bureaus, understands the economic importance of sports tourism in the Natural State.
Organized sports are a popular pastime in The Natural State, and there is plenty of support for these programs. Arkansas has a variety of professional sports facilities that have been used as sport training facilities by many an Arkansas sports team. These facilities have also hosted many local, regional and national sporting events.
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Dickey-Stephens Park, North Little Rock
Of course, the state is hog wild over its University of Arkansas Razorbacks sports teams, which encompass football, basketball, baseball, volleyball, golf, track, cross country, gymnastics, swimming, and tennis. While the collegiate football and basketball games are the main draw, significant other events and tournaments are held here. For example, the annual Tyson Invitational brings some of the biggest names in professional and collegiate track and field to the Randal Tyson Track Center in Fayetteville. The sport training facilities at the University of Arkansas are also some of the best around.
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Arvest Ballpark, Springdale
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Any competitive sport can be held in Arkansas, and cities are willing to bid for your event. They appreciate the contender spirit and enjoy winning you over to select Arkansas.
Reynolds Razorback Stadium, Fayetteville
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Burns Park Soccer Complex, North Little Rock


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To be the first to know about our new products and services and get great deals and special offers - just add yourself to our newsletter list.
Due to the incredible demand on our Magic Mix, over the past few months we have been developing a new 'sister' site Spices 4 Curry - From this site you can now order our Magic Mix and have it delivered to your door!
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Trago Mills Our ShopTHE CORNISH CURRY CO . COM Tel: 07713 126 821/ 07831400005OPEN MON-FRI 10.0 AM-4.PM SAT 10 AM -4.PM SUN 10AM-4PM During September 2010 The Cornish Curry Co opened a new shop at Trago Mills Liskeard. This exciting new venture for the company will allow us to showcase the excellent products we produce and also enable us to stock an extensive range of spices for you to make your own delicious curries. The new shop also stocks a great range of sauces dipping sauces pickles also Chinese, Indian and Thai related spices and some west indian favourites we can also serve you a hot eat now curry whilst visiting us with a great range to choose from .eg lamb rogan josh chicken korma tikka jalfrezi beef madras and a selction of veg curries all served with basmati rice All our traditional favourites are also available - Korma, Balti, Tikka, Jalfrezi, Madras, Rogan Josh etc. SpicesThe new shop stock a fab range of spices for you to make first class curries.
Of course not forgetting our famous multi-purpose 'Magic Mix' Sauces and mealsOur full range of fresh sauces and meals are always available in our shop see products menu why not have a hot curry to eat now while visiting Trago mills at our shop you can order in advance a party bucket of your favourite curry rice etc when inviting friends family for a get together (3-4 days notice req) |


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I happenedly abused the low-rider car I got in that garage somewhere...and now without it I can't do the mission that are related to Cesar(?).
Can I use a cheat to spawn bouncing car?
Thanks in advance...
Is there a cheat that spawns low-rider car?
Started by Kildars, Oct 13 2007 09:50 AM
5 replies to this topic
Posted 13 October 2007 - 10:14 AM
There's low riders everywhere. Just go to the Playa Del Saville area, there's one parked infront of a house, take it to the end of that little street and into the Loco Low Co. garage, then put hydraulics on it.
Posted 29 July 2013 - 12:44 AM Edited by King Andreas, 29 July 2013 - 12:56 AM.
Stunt plane cheat spawns Savannah; Vortex cheat spawns Broadway.
NTSC v1 | Codebreaker7+ 503B83B1 D9E75AA0 099F9061 87DFAF61 Action Replay Max 3JVK-TV1E-76XY1 EGW0-NDKE-J1QY0 04Y3-N12D-UJBXN Replacement 1st lines (if need be): XBRM-PQ98-P72YJ 22X6-5K3U-TM9HN BKW0-WQ3J-7PM1P |
PAL v1 | Codebreaker7+ BDDECA22 0DA1826E 1A639E70 C840F8B2 Action Replay Max 9GAN-QR1D-7468P K64E-5CUB-JZ99V 6QYC-GENM-MVEW1 Replacement 1st lines (if need be): 90EG-2P2Z-B4JXJ DD7X-YM6J-C7HA9 TN4B-QM07-AN4JT |
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This interview is with Ken Steben, who founded Commodity Pool Operator Steben & Company, Inc. in 1989, when industry assets under management were but $7 billion. As Ken has watched the industry grow to $299 billion over the last 22 years, he offers an interesting perspective on managed futures investing. The first section of the interview focuses on the managed futures mutual fund, with the premium section of the interview focusing on his fund management and selection methodology. Ken has an interesting look at manager evaluation, focusing on risk management first. Opalesque OFI: Managed futures mutual funds have the potential to open this uncorrelated investment to a much broader distribution model, but there are significant issues. How do you see the future of the managed futures mutual fund playing out? Ken Steben: Well, it is a little difficult to see what the regulators are going to do right now with regard to managed futures mutual funds. The CFTC has stated that they will bring the mutual funds that are really managed futures funds back under CFTC registration requirements. That will make a change, the impact of which is hard to know right now. Will the standard commodity pool regulations be implemented for those mutual funds, which will change the way they can be purchased and their disclosure requirements, or will they give the mutual funds some special treatment? If they get special treatment then the publicly offered limited partnership managed futures funds will all be begging for comparable or equal treatments. The CFTC is pretty tied up with the Dodd-Frank issues and with requirements being designed for the derivatives markets, so this is not their primary focus right now, However they have indicated they are going to make changes so it is just a matter of time. As you know, Mark, I wrote a white paper discussing the structural and regulatory differences between managed futures limited partnerships and managed futures mutual funds. The CFTC was interested in that and they had our General Counsel and me come to their offices to discuss the issues with them. Our meeting with them took place last summer. They have not issued any specific guidelines or rules yet. We are waiting to find out what happens there. While specific details are not yet known, we believe that the CFTC will bring the managed futures mutual funds under CFTC regulation within a year or less. This will bring these funds under some requirements they don't have now. The exact nature of those requirements remains to be seen, but at the very least we think that the disclosure requirements will be significantly greater than they are now. It is possible that they will change the way the mutual funds are offered in some ways. With regard to offering rules, for example, the question is whether they will require the investor to receive a disclosure document at the time of sale or before sale, since that is the current policy they have for traditional commodity pools. Investors can purchase a mutual fund and receive the prospectus later in the mail. Another issue that is very significant is the fact that the IRS has stated they will no longer give private letter rulings on this type of mutual fund. Mutual funds are not allowed to have significant amounts of commodity trading income. The new funds get around this restriction by doing the trading in a controlled foreign corporation which converts that income into the tax consequences of owning a foreign equity. The question is whether this statement by the IRS is an indication that they may be reconsidering their allowing this strategy. Whether managed futures mutual funds can continue to exist in their current form is dependent on the IRS acceptance of the trading of commodities in the controlled foreign corporations. It's also important to understand the advantages and disadvantages of the mutual fund structure as it is now being used for managed futures funds, versus the traditional limited partnership managed futures fund structure. The advantages, of course, are the liquidity and the fact that you can buy them like a security with a ticker symbol making them easy to use. Financial advisors like this, because they do not have to get their client to sign any paperwork. Whether that remains the same after they come under CFTC regulation we don't know yet. The most significant disadvantage of these funds is that their structure causes them to be what we might call "managed futures lite". If you are hiring third party commodity trading advisors, which we believe is the best way to access managed futures, then in order to get around the IRS tax regulations and SEC restrictions on the payment of incentive fees, you have to do the trading within the off-shore controlled foreign corporation. You are only allowed to have 25% of the fund in that. Since all of the third party CTA trading needs to take place in the controlled foreign corporation ("CFC"), and since that is only 25% of the fund, you have to instruct the trading advisors to trade the account at a greatly increased notional leverage. You need to ask them to trade it four to one, which is really unwieldy from a structural standpoint. So, in reality the fund operator is going to trade in the CFC at leverage levels less than four to one, which means that the fund itself is generally getting only 75 or 80% of the normal trading level for the trading programs. Most people investing in these funds have no understanding of this issue. In contrast, a limited partnership traditional managed futures fund generally increases the notional allocation for the fund as a whole so that $1 invested in the fund is typically getting $1.20 or $1.25 in exposure to the trading programs of the commodity trading advisors. So, whereas the mutual fund structure may have 75 cents trading for one dollar, the traditional fund may have $1.20. You could have a difference of up to 50% in the net profit (and loss) potential of the trading programs between traditional managed futures funds and mutual fund managed futures funds. That will have a very significant effect for the investor over the long term. For some financial advisors and investors, the liquidity advantages of the mutual funds may be worth sacrificing a portion of the profit potential, but at this time few investors understand that there is a significant tradeoff. Another disadvantage of the mutual funds is the disclosure requirements for investors. Many of these funds do not fully disclose the fees that are buried in the controlled foreign corporation. So, you do not really see the management and incentive fees paid to the trading advisors. Some of these funds have been starting to disclose it, at least partially, since they are very cautious to not explicitly say they are paying advisor incentive fees, since this is ordinarily prohibited for mutual funds. For some of these funds, their sales people are just telling the overall fund sponsor fee and not disclosing the underlying fees to the managers that they are hiring. So the investor thinks these funds that are using third party trading advisors are less expensive than the traditional managed futures funds, which is not the reality. While one would think that mutual funds would be more transparent, in many cases what we are seeing is that they are not. The standard CFTC full disclosure requirements including expense break even tables are not required at this time. So, while there are advantages of the mutual fund structure in liquidity and ease of use, there are structural, transparency and investor disclosure disadvantages that should be understood to make an intelligent investment decision. At Steben & Company we believe managed futures investments should be thought of as long term investments of 5 years or more, even though there is liquidity over the short term. Liquidity convenience pales compared to the long term impact of structural exposure to the full profit potential of the trading programs. We think the primary criteria of investing in managed futures should be the effectiveness of the vehicle for delivering the managed futures returns. I want to be clear that I am not saying that all managed futures mutual funds are not a good choice for some investors. I am saying that one should be aware of these issues. As certain regulatory requirements change, there may be risk that the current mutual fund structure will change, and there is even a chance that these funds as they exist now will not be allowed to continue in that form. We are of the opinion that if you are really attempting to get full managed futures allocation you are better off in a traditional managed futures fund. That being said, we realize that the structural convenience of the mutual fund format will be very appealing to a lot of people. One other item that is also really important to consider is that many of these funds that are being recently launched are coming out with very simplistic trading systems. Based upon our 30 years of experience with managed futures, we believe that systems that just trade once a month like the S&P Diversified Trend Indicator (DTI) are likely to significantly underperform the managed futures indices over the long term. People are buying the managed futures concept because the managed futures track record over the long-term of the investment class has been very good. However they then choose a product for convenience rather than for the best way to access managed futures. The best way to participate in managed futures is to gain access to some of the world's top trading advisors in a fund that gives you the total investment power of the underlying CTAs. Most investors and even financial advisors don't know how to evaluate the best way to accomplish this. OFI: It is interesting you say that. In speaking with S&P regarding their new indicator, I go around and around with them a number of levels, but I keep coming back to the issue that a single algorithm represents the managed futures experience and I just do not know that a single formula can give you the diversity that is the managed futures investing experience. What are your thoughts? KS: It's correct to say that the bulk of returns in managed futures comes from continuing price trends either up or down in a broad range of markets, but how various top trading advisors decide when to go long or short and how to allocate between the different markets is much more sophisticated than a single algorithm. If it was that easy, anyone could do it. This is like the argument that MLM made years ago when they had what they called the MLM Index, which was a trading program (system). They said it was an Index of the managed futures investment class. It was also a very simplistic system that traded once a month. It took some years for the marketplace to realize that it was not closely tracking the managed futures index and that it was underperforming the managed futures indices. When you are getting into managed futures, you are buying manager skill and not an asset category. In managed futures the trading advisor can go long or short across a wide range of different markets. They can vary the leverage and they can change the system for getting in and out. This is not an asset per se. It is not like buying a portfolio of real estate properties or a portfolio of equities or a portfolio of bonds which is going to track the underlying asset category. People should realize that the results are totally dependent upon the manager's trading skill. You want to find a manager who has an established long-term track record with a significant amount of customer money. The single most important element of investing in managed futures is manager selection. Good manager selection takes experience, thorough due diligence and ongoing monitoring, so most investors will be best served selecting a good experienced and successful manager of managers in the managed futures field. We have found over the years that investing with emerging commodity trading advisors is a risky business and we do not do it. We only hire trading advisors that have a great deal of experience where we can really examine what they have done over the long-term. We do a lot of due diligence before allocating money to a trading advisor. With very challenging equity markets creating a huge appetite for truly non correlated investments, the marketplace has exploded with interest in managed futures. People are buying new managed futures funds with little experience in knowing what they are looking at. They are just buying them because it sounds good, but often the products they are buying do not have established long-term track records with large amounts of customer money. This is a riskier way to get involved. Unfortunately, we think many financial advisors and investors will wind up getting disappointed if they do not make good choices. OFI: Where do you see the industry going in the next 3-5, 10 years, what is your projection on the future given logical analysis? KS: I see a couple of things happening. One is the mutual fund issue. If the IRS and or the CFTC put either an overt or unspoken seal of approval on the mutual funds, then more of the managed futures industry will move in that direction. If it becomes clear that the regulators are not going to change the current treatment of these funds, and if we feel we can produce a mutual fund product that is good for the investor, then we will also produce a managed futures mutual fund. That said we would want to fully disclose to investors the issues and everything that was going on in any fund we produce. Those wanting optimal allocation to managed futures will probably still prefer the traditional managed futures fund limited partnership structure. Obviously at this time we do not know what is going to happen. It is every bit as possible that these funds will not be able to operate in the current way that they are, so that whole end of the industry could change. We think the coming year will tell that story - whether the mutual funds that are hiring third-party CTAs can continue as is or whether they continue with changes or whether they do not continue. We believe that by the end of 2012, it will be clear. The second thing that I see happening is there is going to be a big sorting in the managed futures space. People are jumping headlong into managed futures and not knowing what they are doing. So many of them are selecting these Johnny-come-lately funds that are using over simplified trading systems, and we believe they will be disappointed in the results over the long-term. So, I think people will begin to realize that they need to be careful in their fund selection and they will hopefully learn more about how to decide where to invest their managed futures allocations. There is some chance that because they get in and they get disappointed in managed futures over time that they do not come back to managed futures. That would be unfortunate because the benefits of managed futures are unique and important for investors seeking real diversification and non correlation. We hope that the way the new products perform causes them to look deeper and does not cause them to just run away. KS: Yes. There is of course the possibility that one or more of these funds might blow up. There could be a fund or two out there that performs very badly and the investor will not understand why their fund selection was bad. They may just indict the whole investment class rather than understand why that fund had such problems. OFI: Survivor ship bias is an important point. In managed futures published estimates have indicated survivorship bias in managed futures is around 18%, while the stock market is closer to 10%. That is a key point for diversification. I think frankly the blow-up is something that anyone needs to be concerned about and I think anyone who relies on one manager is quite frankly putting a fair amount of risk. There are many CTAs who have stood the test of time, and there are others that have had difficulty. Long Term Capital Management is a good example of a short volatility strategy utilizing often naked options lacked a hedging mechanism. The strategy can work very well, but under certain market environments it may experience enhanced risk. It is understanding these market environments that can be interesting. It's also generally one of the arguments made in favor of a multi-advisor approach of different individual managers. There are also arguments in the concept of investment concentration, but many books and studies have highlighted the enhanced manager risk with a concentration strategy. KS: We think it is a good idea to have a multi-advisor approach when investing in managed futures. Even more importantly we think a manager of managers that has a great deal of experience is a wise choice for those that do not have the time, experience or resources to evaluate on their own which commodity trading advisors to pick. Some of the best advisors in the world have very high minimums. Some have minimums of $50 million or $100 million to get a direct managed account. So the question is, how do you access trading advisors? Even if the trading advisor has a sub-fund of their own, a lot of times the minimum investment is half a million or a million dollars to invest with them. We think a good multi-advisor fund with a good manager of managers is the best way for most investors to access managed futures. We believe there is going to be a continued interest in this area and there will be a sorting out of the good from the bad. There has been an explosion of new funds. We hear about a new fund, it seems like every week or two. There were so many years where we hardly saw any new players in this field. The results will be mixed. Many of these new players will not survive, but they may be capitalizing on this interest right now and will move on to capitalize on the interest in the next category of funds that heats up. OFI: It is interesting, I have seen more equity-based firms, traditional stock and bonds, wire houses, broker dealer's move in this direction. How do you think the equity industry is going to embrace managed futures? Right now, the last numbers I was looking at is financial advisors still have less than 1% of their client's assets allocated towards managed futures. It just seems to me that there is a tremendous opportunity there. KS: Yes, no question. Also equity markets are much more challenging and difficult today than they were through the 80s and 90s, of course. I was just reading an analyst from a major firm about six weeks ago that was talking about how bullish they were on equities, and how they are so undervalued. Of course, today, here in October, it is more undervalued than it was then. We are possibly looking at very slow growth in the world's economies over the coming decade. This means equity returns will not be on a par with what they were in the 80s and 90s, and that portfolio construction is going to have to be much more carefully done. This means difficult times for financial advisors if they stick to traditional long only portfolios. They are going to need to diversify not just among equities and bonds, but also among strategies to help their investors reduce risk and to increase the chance that they achieve what their long term goals. OFI: At what point do you think that financial advisor, in general, is going to recognize managed futures and recognize the concept that the strategy drivers are different than stocks. I think it is at this point the 1% assets under RIA management number startto expand to up to around 20%. Ken Steben: Well, we would love to see it get up to 20%, but it will take a long time. The success of the world's top trading advisors is from being able to capitalize on price trends, either up or down, caused by imbalances in supply and demand. Those big trends don't happen every month. Success in managed futures requires a long term approach, and the placement of the investment with the best possible managers. Those investing in managed futures need to think in five year time horizons which should be the truth for any growth investment. People are less patient in very liquid investments and the more liquid it is, it seems the less patient they are. This is why sometimes people do better in real estate because they do not think, hey, I am going to buy this portfolio of properties now, and I want to be sure in three months I can sell it for a profit. They think I am going to hold this for five or ten years. You need to think that way about managed futures strategies and then the probability of success goes way, way up. When we look at the top trading advisors, we see that historically 60 months or five year windows have all been profitable. That doesn't say this is a guarantee of any kind for the future, and of course there is risk, but it shows the historical pattern. What we have had in the last few years is an explosion of interest and a lot of money going helter-skelter to any new fund that hangs out a managed futures shingle. OFI: Is there anything else you would like add? KS: Well, in summary, the bear markets in 2000-2003 and 2008 have illustrated the potential value of having managed futures in a portfolio. Equities have been so very difficult even recently. A lot of money has gone into fixed income, into lower grade bond funds with longer maturities in order to achieve yield. This of course has its risks also, particularly if somewhere down the line, interest rates rise. Investors need to consider other strategies, like managed futures because there is a risk traditional investments don't have attractive returns for a while. it doesn't look like the volatility in the equity markets will end anytime soon. There will come a day of reckoning in the fixed income markets where inflation and interest rates rise again, which will be very unpleasant for bond investors. There is significant risk in long only investing which can be mitigated by using by including managed futures which has the potential to participate in declining markets, as well as rising markets. Managed futures have historically offered true non correlation of a kind that is tough to find in today's markets. OFI: Well, thank you Ken. It has been insightful again. To download Ken's comments to the CFTC on the issue, click here: http://go2managedfutures.com/wp-content/uploads/2011/04/Managed_Futures_Mutual_Funds-final.pdf CFTC RISK DISCLOSURE: PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. THE RISK OF LOSS IN TRADING COMMODITIES CAN BE SUBSTANTIAL. YOU SHOULD THEREFORE CAREFULLY CONSIDER WHETHER SUCH TRADING IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION. THE HIGH DEGREE OF LEVERAGE THAT IS OFTEN OBTAINABLE IN COMMODITY TRADING CAN WORK AGAINST YOU AS WELL AS FOR YOU. THE USE OF LEVERAGE CAN LEAD TO LARGE LOSSES AS WELL AS GAINS. YOU COULD LOOSE ALL OF YOUR INVESTMENT OR MORE THAN YOU INITIALLY INVEST. IN SOME CASES, MANAGED COMMODITY ACCOUNTS ARE SUBJECT TO SUBSTANTIAL CHARGES FOR MANAGEMENT AND ADVISORY FEES. IT MAY BE NECESSARY FOR THOSE ACCOUNTS THAT ARE SUBJECT TO THESE CHARGES TO MAKE SUBSTANTIAL TRADING PROFITS TO AVOID DEPLETION OR EXHAUSTION OF THEIR ASSETS. THE DISCLOSURE DOCUMENT CONTAINS A COMPLETE DESCRIPTION OF THE PRINCIPAL RISK FACTORS AND EACH FEE TO BE CHARGED TO YOUR ACCOUNT BY THE COMMODITY TRADING ADVISOR ("CTA"). THE REGULATIONS OF THE COMMODITY FUTURES TRADING COMMISSION ("CFTC") REQUIRE THAT PROSPECTIVE CUSTOMERS OF A CTA RECEIVE A DISCLOSURE DOCUMENT WHEN THEY ARE SOLICITED TO ENTER INTO AN AGREEMENT WHEREBY THE CTA WILL DIRECT OR GUIDE THE CLIENT'S COMMODITY INTEREST TRADING AND THAT CERTAIN RISK FACTORS BE HIGHLIGHTED. THIS DOCUMENT IS READILY ACCESSIBLE AT THIS SITE. THIS BRIEF STATEMENT CANNOT DISCLOSE ALL OF THE RISKS AND OTHER SIGNIFICANT ASPECTS OF THE COMMODITY MARKETS. THEREFORE, YOU SHOULD PROCEED DIRECTLY TO THE DISCLOSURE DOCUMENT AND STUDY IT CAREFULLY TO DETERMINE WHETHER SUCH TRADING IS APPROPRIATE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION. YOU ARE ENCOURAGED TO ACCESS THE DISCLOSURE DOCUMENT. YOU WILL NOT INCUR ANY ADDITIONAL CHARGES BY ACCESSING THE DISCLOSURE DOCUMENT. YOU MAY ALSO REQUEST DELIVERY OF A HARD COPY OF THE DISCLOSURE DOCUMENT, WHICH WILL ALSO BE PROVIDED TO YOU AT NO ADDITIONAL COST. THE CFTC HAS NOT PASSED UPON THE MERITS OF PARTICIPATING IN ANY OF THESE TRADING PROGRAMS NOR ON THE ADEQUACY OR ACCURACY OF ANY OF THESE DISCLOSURE DOCUMENTS. OTHER DISCLOSURE STATEMENTS ARE REQUIRED TO BE PROVIDED YOU BEFORE A COMMODITY ACCOUNT MAY BE OPENED FOR YOU. MUCH OF THE DATA CONTAINED IN THIS REPORT IS TAKEN FROM SOURCES WHICH COULD DEPEND ON THE CTA TO SELF REPORT THEIR INFORMATION AND OR PERFORMANCE. AS SUCH, WHILE THE INFORMATION IN THIS REPORT AND REGARDING ALL CTA COMMUNICATION IS BELIEVED TO BE RELIABLE AND ACCURATE, NOT WARANTEE RELATIVE TO SAME IS AVAILABLE. THE AUTHOR IS REGISTERED WITH THE NATIONAL FUTURES ASSOCIATION. |
This article was published in Opalesque Futures Intelligence.


text:
Results: 13Comments by: bonsailucco |
File: Aurora02-13-11 |
any chance to get the quest items i...
Posted By: bonsailucco
any chance to get the quest items in the bags with the golden-border and the "!" icon if they start the quest?
thank you :)
File: DR Tracker06-27-08 |
Any chance to have Freezing Trap ad...
Posted By: bonsailucco
Any chance to have Freezing Trap added to the list?
thanks :)
File: Afflicted306-26-08 |
Hi guys,
Afflicted is for tracking...
Posted By: bonsailucco
Hi guys,
Afflicted is for tracking enemy timers in PvP, what I need together with it though is an addon that will track also my friends' timers. Not necessarily the cooldowns on their spells (although it would be nice), but at least their crowd control spells: timer on a sheep, on a sap, on a cyclone for example.
Basically I'm lo...
File: Honest01-03-08 |
Re: Re: not counting wins?
Posted By: bonsailucco
Originally posted by Shadowd
Between tomorrow, and next year. It depends how long it takes before I decide on a UI for display I actually like.
Happy 2008! ;)
any chance to see this completed or maybe integrated into SSPVP2?
File: Honest09-30-07 |
Any chance to see a Honor/hour feat...
Posted By: bonsailucco
Any chance to see a Honor/hour feature tossed in this great mod :) ?
(suggested it few commens under this one but never got an answer :p )
File: Honest07-26-07 |
i'd really love to see implemented...
Posted By: bonsailucco
i'd really love to see implemented some Avg_Honor/hour feature, like in this mod:
near the bonusTotal and KillTotal honor there could be a PvPTimePlayed line, and under it Times for each BGs sorted down (as it is atm for bonusHonor and KillsHonor)
then, where the Battlefield-avg-per...
File: Honest07-24-07 |
rev: 99
from: http://shadowed-wow....
Posted By: bonsailucco
rev: 99
from: http://shadowed-wow.googlecode.com/svn/trunk/Honest/
i think i figured out what's wrong with the math.
After 2 played i've these values:
AB kill honor 83 | AB bonus honor 280
Avg = 321.50 (Wrong)
But what the mod is doing is:
rather than
if you could fix that it would be great :)
EDIT: fixed!
File: Honest07-23-07 |
rev: 99
sorry to bother you agai...
Posted By: bonsailucco
rev: 99
sorry to bother you again about this, but the Average Values are not working yet :( .
1played: | 130kill + 220bonus | (350 Total) OK
2played: | 166kill + 240bonus | (406 Total) Wrong!
thanks for any fix on this :)
File: Honest07-11-07 |
i got "latest" (rev. 98) version fr...
Posted By: bonsailucco
i got "latest" (rev. 98) version from: http://shadowed-wow.googlecode.com/svn/trunk/Honest/
the problem about Avg honor is still there. It "works" on the first BG, but then it mess up the math.
1Played - HKhonor 57 - BonusHonor 62 - Total 119 - Avg 119 (Ok)
2Played - HKhonor 101 - BonusHonor 247 - Total 467 - Avg 388 (Wrong! i...
File: Honest07-09-07 |
1- The average honor earned in BGs...
Posted By: bonsailucco
1- The average honor earned in BGs seems to be caltculated as . Would not be possible to make it like ?
found out anything yet :)?
edit: oh, just noticed you can see that even from the pic you posted as an example of the mod. The EoS Avg honor for those 19games in there is counting only the bonus honor :)
File: Honest07-05-07 |
2) i'll try to clarify it better ^^...
Posted By: bonsailucco
2) i'll try to clarify it better ^^.
Lets say i join an AV, and i stay in there till i gain 200 bonusHonor. Then, before AV ends, i get out doing an /afk to go help some friend of mine. Later on, i join the AV queue again, i get in...when i start to gain bonusHonor it is like i'm still in the "first" AV and my bonusHonor keeps addin...
File: Honest07-05-07 |
1- The average honor earned in BGs...
Posted By: bonsailucco
1- The average honor earned in BGs seems to be caltculated as . Would not be possible to make it like ?
2- Jumping out the BG before it ends (Summon to instance, heartstoning, /afk) don't get "recorded" but they keep adding bonusHonor to the "old" BG, till you bring one to end winning or losing. Is this "fixable"?
Thanks :)
File: X-Perl UnitFrames01-09-07 |
in Raids, when RaidFrames g...
Posted By: bonsailucco
in Raids, when RaidFrames get some debuff, i get spammed by an error frame:
Usage: UnitDebuff("unit", index )
if you need any more infos about my settings just let me know :)...