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Can intangible investment explain the UK productivity puzzle?
This paper investigates whether intangibles might explain the UK productivity puzzle. We note that since the recession: (a) firms have upskilled faster than before; (b) intangible investment in R&D and software has risen whereas tangible investment has fallen; and (c) intangible and telecoms equipment investment slowed in advance of the recession. We have therefore tested to see if: (a) what looks like labour hoarding is actually firms keeping workers who are employed in creating intangible assets; and (b) the current slowdown in TFP growth is due to the spillover effects of the past slowdown in R&D and telecoms equipment investment. Our main findings are: (a) measured market sector real value added growth since the start of 2008 is understated by 1.6 per cent due to the omission of intangibles; and (b) 0.75 per cent per annum of the TFP growth slowdown can be accounted for by the slowdown in intangible and telecoms investment in the early 2000s. Taken together intangible investment can therefore account for around 5 percentage points of the 16 per cent productivity puzzle. ? 2013 National Institute of Economic and Social Research.
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Date of creation: | 17 May 2013 |
Handle: | RePEc:imp:wpaper:11140 |
Contact details of provider: | Postal: South Kensington campus, London SW7 2AZ Phone: +44 (0)20 7594 9137 Fax: +44 (0)20 7823 7685 Web page: http://www.imperial.ac.uk/business-school More information through EDIRC |
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- Carol Corrado & Charles R. Hulten & Daniel E. Sichel, 2004.
"Measuring capital and technology: an expanded framework,"
Finance and Economics Discussion Series
2004-65, Board of Governors of the Federal Reserve System (U.S.).
- Carol Corrado & Charles Hulten & Daniel Sichel, 2005. "Measuring Capital and Technology: An Expanded Framework," NBER Chapters, in: Measuring Capital in the New Economy, pages 11-46 National Bureau of Economic Research, Inc.
- John Fernald, 2014.
"Productivity and Potential Output Before, During, and After the Great Recession,"
NBER Working Papers
20248, National Bureau of Economic Research, Inc.
- John G. Fernald, 2015. "Productivity and Potential Output before, during, and after the Great Recession," NBER Macroeconomics Annual, University of Chicago Press, vol. 29(1), pages 1-51.
- John G. Fernald, 2014. "Productivity and Potential Output before, during, and after the Great Recession," NBER Chapters, in: NBER Macroeconomics Annual 2014, Volume 29, pages 1-51 National Bureau of Economic Research, Inc.
- John G. Fernald, 2012. "Productivity and potential output before, during, and after the Great Recession," Working Paper Series 2012-18, Federal Reserve Bank of San Francisco.
- Fernald, John G., 2014. "Productivity and potential output before, during, and after the Great Recession," Working Paper Series 2014-15, Federal Reserve Bank of San Francisco.
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text: Using Google Street View to Study the Great Barrier ReefRobert Sorokanich5/24/14 9:00amFiled to: watch thisgoogle street viewstreet viewstreetviewscuba divingscubagreat barrier reef41EditPromoteShare to KinjaToggle Conversation toolsGo to permalink The Catlin Seaview Survey is a Google and University of Queensland project using a nifty underwater camera rig to create a zoomable, 360-degree image of Australia's Great Barrier Reef. Destin from SmarterEveryDay got to hitch a ride with the team that records this sea-floor Street View. You don't want to miss this. Every step of the way, the project uses some seriously cutting-edge tech. The team pilots a motorized camera rig that mounts three cameras for a 360-degree view of the sea floor, and records nearly a mile of the floor at a time. Advertisement Tallying up the different coral species seen in this snapshot, and the condition of each individual organism, would take eons for a human. So the team uses a form of facial recognition software that they've taught to recognize the different coral species—they say it's similar to Facebook's algorithm, except instead of finding your mug in your friends' photos, it tells scientists which species are where on the ocean floor, and the relative health of each region of the reef.The best part is, you can scroll through the underwater Street View map yourself. It's mesmerizingly beautiful, like a gorgeous alien world hidden beneath the waves. And that's the point. Advertisement As Destin explains, the scientists in charge of Catlin's Global Reef Record want everyday people to glimpse the beauty of the world's coral reefs. The thinking is, once you've seen these tranquil, living ecosystems, and appreciated their beauty, you'll be inspired to help the efforts to save and protect them.It's way, way cooler than using Street View to tour the inside of an airport. [SmarterEveryDay]Reply4 repliesLeave a reply

subset: commoncrawl


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Danso Gordon
A native of Canada, Gordon was born in Toronto and lived in Halifax, Nova Scotia before coming to Los Angeles to pursue an acting career. Always the class clown growing up, Gordon somehow knew he would turn his knack for making kids laugh (and driving teachers crazy) into a way of life. His first professional role came when he guest starred on ...
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Born:in Toronto, Ontario, Canada |


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In an epic final that spanned matches both home and away the nail biting lottery of penalties decided the outcome of the 1983/84 UEFA Cup competition - with Tottenham Hotspur holding the winning ticket in the first final shoot-out Tony Parks was the hero saving Arnor Gudjohnsens penalty to secure a Spurs victory over Anderlecht.The first leg had ended all square at one each but the Belgian side had looked set to retain the trophy when Alex Czerniatynski scored an hour into the second leg at White Hart Lane. But a late equaliser from Graham Roberts the magnificent stand in skipper for the suspended Steve Perrymen made it 1-1 after 90 minutes.Extra time came and went and with no further goals the tie finished 2-2 on aggregate. What followed was as dramatic as it gets ending in a memorable finale leaving Spurs to take the trophy home for the second time in the Clubs illustrious history.
Check stock and price


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TalentFan September 18, 2013 3:50 PM Well - I LIKE his blogs, & I like his honest self- appraisal and analytical style - what he says makes sense and shows he's got plenty north of the eyebrows too. As for being privileged - well he ain't alone there. Hardly anyone without serious help gets a shot - maybe the last was CS, and his parents threw everything into it and gambled BIG to get him there. Some posters forget as well that while BS has a satellite bike, its a parts-bin special compared to what Cal has, let alone what VR & JL run. Allow for the kit Bradl & Bautista get & at BEST he's got a bike that might achieve a 6th/7th, & maybe its really only as good as his results. We cant know. Its NOT a level playing field FFS, and we cannot compare BS as a rookie with MM where he has the best of everything. Some posters should engage brain before knuckling on their keyboards I think. Reply Report abuse 29 agree 13 disagree
SmokinHaddock September 18, 2013 1:09 PM Don, You are certainly right that Bradley is lucky. Bike racing is accessible to all at club level, but certainly not at National and above. Sadly we Briits are fishing from a smaller pond than other countries. Give you and other bikers a year on a GP bike and chances are you will still not be competitive at club level. Unless you are hugely exaggerating to make your point then you clearly don't appreciate the level that anyone on the GP grid is operating at. I raced a few years at club. Reasonable top 10 but never going to win anything. It made me good enough to thrash just about anyone on a track day. The guys winning the club races would get thrashed by national riders, and the national riders would usually get thrashed by international riders. The standard that Smith is operating at is staggering compared to your regular rider. I don't think many people realise that. He may or may not make the final step to be able to get the best out of a prototype, but unless you are MM or Reply Report abuse 25 agree 10 disagree


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Home > News > 2014 News > Are you drinking enough water?
Published on August 11, 2014
by Aynsley Anderson
You may wonder if you've been drinking enough water, especially in the summer heat. There's a lot of confusing advice out there about how much you really need. The truth is that most healthy bodies are very good at regulating water. Elderly people, young children and some special cases—like people taking certain medications—need to be a little more careful.
Water is involved in all body processes. You need the proper amount for those processes to work correctly. The body regulates how much water it keeps so it can maintain levels of the various minerals it needs to work properly. But every time you breathe out, sweat, urinate or have a bowel movement, you lose some fluid. When you lose fluid, your blood can become more concentrated. Healthy people compensate by releasing stores of water, mostly from muscles. Then, of course, you get thirsty. That's your body's way of telling you it needs more water.
At a certain point, however, if you lose enough water, your body can't compensate. Eventually, you can become dehydrated, meaning that your body doesn't have enough fluid to work properly. Any healthy person can become dehydrated on hot days, when you've been exercising or when you have a disease or condition like diarrhea, in which you can lose a lot of fluid very quickly. But dehydration is generally more of a problem in the elderly, who can have a decreased sensitivity to thirst, and very young children who can't yet tell their parents when they're thirsty.
A common recommendation is to drink six or eight, eight-ounce glasses of water or other fluid every day. But some adults may need more or less, depending on how healthy they are, how much they exercise, and how hot and dry the climate is. You may sometimes need to drink more water than usual if you:
It is important to pay attention to your body. You may be dehydrated if you:
Signs of dehydration in babies and young children include:
If you suspect dehydration, drink small amounts of water over a period of time. Taking too much all at once can overload your stomach and make you throw up. For people exercising in the heat and losing a lot of minerals in sweat, sports drinks can be helpful. But avoid any drinks that have caffeine.
The best way to deal with dehydration is to prevent it. Make sure to drink enough water in situations where you might become dehydrated. For those caring for small children or older people with conditions that can lead to dehydration, be sure to prompt the person to drink fluids and remind them often.
You may wonder if you've been drinking enough water. There's a lot of confusing advice out there about how much you really need. Check out the following resources:
Aynsley Anderson, MA, RN, is Community Education Coordinator at Lawrence Memorial Hospital. She can be reached at firstname.lastname@example.com.
Why should you come to Lawrence Memorial Hospital? Hear it from the mouths of some of our practitioners. We are proud of our highly qualified, experienced and motivated group of associates we have at LMH.
Better Health is produced by Lawrence Memorial Hospital and Freestate Studios, a division of WOW, to promote healthy lifestyle and health topics that are of interest to our community.
Belinda RehmerCommunications firstname.lastname@example.com


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The Amazing Race 13
Exclusive: 'Amazing' racers Terence Gerchberg, Sarah Leshner dish
By John Bracchitta, 11/17/2008
"Newly Dating Couple" Terence Gerchberg and Sarah Leshner were most likely the most athletic couple, -- and perhaps the most argumentative one as well -- during their time on
The Amazing Race
13 and had always seemed to find a way to bounce back from their race mistakes.
However, an ill-fated decision to pursue a Fast Forward challenge during the eighth leg of the race in Almaty, Kazakhstan turned out to be a hole too big for the couple to climb out of, as they became the seventh team to be
from the competition during last night's broadcast on CBS.
On Monday, Terence and Sarah spoke to Reality TV World about why they made their fateful decision to try the Fast Forward, what their relationship is really like away from the cameras, and why they think one of the front-running teams is succeeding based on luck rather than skill.
Reality TV World: Let's start right with that fateful Fast Forward. I just want to clarify what the clue at the chicken factory told you. Did it tell you that there would be some sort of eating challenge?
We did not know it would involve meat. It said "Go enjoy a local custom at a table with a hookah." So we were pretty convinced that [we would have to] brand ourselves with a hookah, or smoke an entire hookah. We never would have gone for it if we had known that it would involve eating. We knew that was our weakness.
Yeah, A: because I'm a vegetarian and B: she keeps kosher, and we knew the meat was definitely not kosher.
Reality TV World: So you weren't under the impression that it was a food challenge, you [thought] that it involved [some local] customs?
Yeah that's what it said, like "Participate in a local custom, sit at a table with the hookah," and if you watched last season they did a tattoo, so we thought "Great, this season it will be [something similar.]
Reality TV World: Okay, because I know that a lot of the food eating challenges on
The Amazing Race
earlier seasons usually involved eating some type of meat. But you didn't think this was gonna be that challenge?
No. Obviously in retrospect we realize that was stupid and once we were back in the cab and kicking ourselves like "We should have known, we should have known." But we didn't run this race with a lot of hesitation and thinking about what we were doing. We just threw ourselves into it, so it was like "Oh my God we can probably win if we go for the Fast Forward! Go for the Fast Forward!"
Reality TV World: Sarah, Why did you not think going for the Fast Forward was a good idea -- was it because Nick and Starr were already going for it...
(Interrupts) No, I just didn't think we necessarily needed it. I thought that if we run a conservative race and make sure that we stay in this, and kind of why risk it?
Terence is a much bigger risk-taker.
Reality TV World: Yeah, Terence, what made you decide to push ahead with it?
Well it's pretty funny that she could answer it that way. At the beginning we always said we were gonna go for the second Fast Forward. That's why we didn't go for the first Fast Forward, we were going to save it for the second one.
I am a bigger risk-taker in life, and we hadn't won a race [unintelligible] and we knew that if you win a Fast Forward you win a leg, so it would definitely stretch the momentum and we needed something to get out of third place.
Reality TV World: Why didn't you leave immediately once you guys got to the restaurant and learned it involved eating a lot of meat?
Being such competitors I thought that I could just swallow the food. If you noticed [on the show] I was holding the water and I literally would just put it in the back of my mouth and swallow it without even trying to chew it.
[The restaurant] was an hour away, they also didn't show that. It wasn't just ten minutes away where we could just turn around and catch everybody. We knew that we put ourselves in a big hole by going for it.
Reality TV World: Did you think [Starr Spangler] was going to struggle more than she did?
Yeah, she ate that faster than even food that we like, so hands down to her. She ate that in a way we never could have done no matter what it was.
We obviously wish that when we had gotten there we just turned around and got back in the cab, but we were really so confident and so convinced that we were gonna win that we... we didn't think very much. We were just like "Oh my God, we're here! We need to do the challenge! We're doing it!"
Reality TV World: About how long did you end up spending at the restaurant before you finally decided to give up and go back to the chicken factory?
We probably spent about 20-30 minutes there.
Reality TV World: And you said it was a one-hour cab ride?
Yeah so that's the thing, it was close to 2 1/2 hours that we put ourselves behind.
Reality TV World: Was there any point after that in which you thought you had made your way back into the race and could avoid finishing in last?
We thought we might be able to catch up. We didn't, realistically, do a "Are we going to be able to make up 2 1/2 hours" [conversation], we just thought "This is our only shot," and we never stopped running that entire day.
We worked harder that day than we did on any other leg of the race because we just thought that if we had any chance it's just ourselves and the race course, so we just left gave it 110%.
Reality TV World: About how far behind [Andrew Lappitt] and [Dan Honig] did you end up arriving at the Pit Stop?
The number they told us was seven minutes.
Reality TV World: Do you have any idea why Andrew and Dan were told to go back and re-do the last part of the leg instead of just being hit with a time penalty like [Mark Yturralde] and [Bill Hahler] were earlier in the race?
Yeah, and this is a very subtle distinction but you can see it through all of the seasons. If it's something that just happened and you can correct it easily, you have to correct it. If it's something that happened earlier in the leg and you can't really simulate it than they give you a half-hour [penalty]to estimate [the time gained].
Mark and Bill, their thing was really early in the leg, and it was hard for them to say "Go back to that plaza that you were at three hours ago and walk to that other plaza you were at two hours ago."
In [Andrew and Dan's] case they had just done it, so it was just like "Go back and fix it."
Reality TV World: Do you think that would have made a difference as to whether you finished last?
I have no idea, I think it would have been minimal time. I think that they followed the rules as they are written, and are fair.
Reality TV World: Lots of other teams we have spoken to have singled both of you out as the most athletic couple. Do you agree with that?
Yes, we were. I run, I get paid to run and I ran in college. Sarah's extremely strong with her upper-body. She does a lot of working out, she's in great shape. We're both in great shape so without a doubt yes.
Reality TV World: What strength advantages do you think that you had? You said speed...
Speed, and when we made mistakes -- like in the third leg when we ran too far away -- our great athletic ability allowed us to recover from that horrible mistake. Climbing down the cargo net we were seamless.
We just didn't really have any liabilities. There was never any time when we had to say to the other one "Come on, work harder" or "Keep up with me."
I don't necessarily think that physical fitness is the most important attribute in the race, but for what it's worth I think we had an advantage there.
Reality TV World: How would you describe your relationship together? On the show it looked like, for better or worse, you both are pretty vocal about your feelings to each other.
Yeah. I think that the show captured what our relationship is like under stress. When we're not sleep deprived, hungry and frustrated I think we're nicer to each other.
But it was a new relationship, we didn't know each other...
It was relatively new, and we got a lot to learn, just like the show showed.
Reality TV World: Well it went both ways. You both would support each other, and then...
Yeah. I mean, during the Pit Stops we would be really nice to each other and make up from all the problems from the leg before and talk about how it was gonna be different. And then we'd start off being really optimistic and we love each other. And then we'd start screaming at each other again.
Reality TV World: During the first leg the show made a point to show you two having an argument about Sarah talking to other teams while resting in the Brazil. Could either of you explain how that argument came about?
What happened is, as you found out I'm slightly needy -- which is not really true though -- but what ended up happening was we didn't win, and we were really frustrated because we made the wrong turn and it allowed three teams to pass us and we ended up actually still finishing in third place.
I just kinda wanted to talk about it with her. I didn't really wanna be "held" like the way it was portrayed. And she speaks Portuguese fluently and everyone wanted to ask her things and I was like "Sarah I need you to stay with me because I wanna talk about our [race]. We made a crucial mistake, which is why we didn't win." And she was interested in being friendly and I thought that was inappropriate at that time.
And I still do. (laughs)
And I also think that it was, on a broader level, I think that we have different approaches to that kind of thing. I've always worked in big companies and had to be around a lot of people and had to just get along with people. Even if it's a superficial relationship or a fake exchange or whatever, just to do that is antithetical to how Terence runs his life.
He's super genuine, super sincere, and if he doesn't like people he doesn't wanna waste time talking to them but if he does like them he's gonna give them the clothes off his back. I'm much more... kind of in the middle so I don't think we really saw eye-to-eye on that.
Reality TV World: So whenever that would be an issue, you think it was something branching off of that [difference]?
Yeah, and it actually came up a lot during the race because I, for whatever reason it's pretty lonely running a race with just one other person that you can't be more than 20 feet away from, so I wanted to have relationships with the other teams, and I think he was much more comfortable just focusing on the race and not paying attention to anybody else.
Reality TV World: What is your overall opinion of [Nick Spangler] and Starr? Other teams really seem to love âem or hate âem.
Well, how did you feel about them?
Reality TV World: Oh me?
Reality TV World: They are interesting... They're definitely playing the game hard.
Yeah, that's the thing. They approached this so differently from us. In the early legs they were like "What's your strategy?" and "What are you gonna do to sneak around other teams?" and we were like... we never even thought about any other teams, we're just gonna throw ourselves into the race and play as hard as we can and be good sports about it....
(Terence laughs)
(interrupting)...I offered them food in the beginning when we were on the plane and they wanted to know my ulterior motive. I was like "Here's some food, you're hungry, nothing more, nothing less."
They kept doing things to other teams during the race, and then apologizing to them at the Pit Stops. As opposed to someone like [Kelly Crabb] and [Christy Cook] who were very genuine in that they didn't want to work with anybody else [and] they didn't want to be nice to anybody else so at least you knew what you were gonna get.
Reality TV World: They really seem to be in front of the competition consistently, are they doing anything especially well or are they just getting lucky?
I think it's a lot of luck, I really do. The legs end with teams finishing within a few minutes of each other usually, and so if you get a little bit of momentum because you're extra confident... We were frustrated because in India we got out last because coming in we got held up at customs while they got out first, and then they were able to ride that through the entire leg, and then they rode it through the next leg. That kinda thing builds on itself.
They were very lucky in the India thing that they were making up time. we were actually the first off the plane, we were the first off the plane a lot of times. So you know, even in the very first leg that they won, [unintelligible] they rode our coattails.
Reality TV World:- How did you both fare in the light Bolivian air during the Third leg? We've heard that teams had a much tougher time with the air than was shown on the show.
I had a much, much, much tougher time than it showed. I mean I had to get oxygen twice, and they didn't show anyone getting oxygen except for Mark, but that was for the storyline.
Terence acted like he was at sea level. Literally I never heard him breathe hard, I never saw him sweat. He was fine.
I've run at those altitudes before so it didn't bother me.
Reality TV World: When you were in Kho Andeth you guys had your boat die in the middle of the water. How much time do you think that set you back?
It felt like hours, it probably was like 20 minutes to a half-hour
About 30 minutes.
But I think that's an example of where I think a lot of other teams would have gotten [eliminated] on something like that because you're stranded in the middle, you're dependent on these people that you can't communicate with to fix my boat. If I was by myself I couldn't have rowed that stupid thing. Terence didn't even hesitate, he was like "How do I fix this, how do I make this stop being an issue for us." That was really impressive.
Reality TV World: During that Kiwi challenge in Auckland you both seemed to get through it rather painlessly while a lot other teams ended up switching challenge because it hurt too much. Was it as easy for you as it seemed on the show?
No, it was actually a lot harder. There were rocks on the bottom of it and it was cutting up [the skin on our feet]. And Sarah, again, was an incredible sport. I thought our spout was clogged up and it probably was, and I said "Sarah why don't you stick your hand in there," so she sticks her hand in.
We actually had a lot of fun. We kind of wanted to switch -- I have really sensitive feet -- and she knows I have sensitive feet but we were such troopers about it and we never quit at any task we did. That was just another thing, everybody quit and we were like "We're gonna stick this out and finish it quick." We drank the kiwi juice and said "To life!" and we were there. We were done.
Reality TV World: You both seemed to be in the middle of that second leg incident where Tina ran around telling everyone she had convinced the airline to switch to a bigger plane -- What exactly happened there, do you believe that's what happened?
It happened exactly the way you saw it. She stood up and she said... what she actually said was "I got them to change the plane so that we can all get on the plane," and we were like "That makes no sense! How could you do that?"
We got there 20 minutes after her too. I could understand if she had maybe two hours to work on it, but 20 minutes!? That's amazing...
And it also doesn't make any sense, what she said was "Don't worry, I changed it so that everyone can get on the plane," and we were like "You're playing this just as hard as everybody else, you're not gonna change the plane to accommodate us."
Reality TV World: What was your favorite experience on
The Amazing Race
I really liked New Zealand. New Zealand was a very long leg -- it was probably two-to-three times longer than anything else. That was the time we had the opportunity to kind of relax. We were driving for hundreds of miles at a time and we were just operating very [well], I was giving him directions, he was trusting me, he was executing. It was spot on.
Even though the challenges were really hard... The kiwis were probably one of the harder challenges that we did, I had to have medical attention for the bottom of my feet (laughs). But we never quit, we worked together well, we didn't yell at each other. It was great.
And for me it was going down the cargo net in Fortaleza. We were singing, we were dancing. And they didn't show one of my favorite moments, which would be me high-fiving Mark as we passed because it just showed our sportsmanship and our... just, camaraderie. So, that was one of my highlights.
Reality TV World: What about least favorite experience?
(both laugh)
Having not eaten meat in fifteen years and having to put a... it wasn't making a hot dog, it wasn't eating a hamburger, it was eating the biggest portion of food. First of all, I eat small portions and this was enormous. So hands down that for me. It was absolutely disgusting
Reality TV World: Actually I forgot to ask, what did that taste like? I had no idea what that actually was.
Worse than the meat was... they had these chunks they said were potatoes -- and it may be a good strategy to start with the potatoes -- and they were actually huge cubes of fat. So you had to eat really hideous tasting meat, on cubes of fat [unintelligible].
And there were onions in there, and I thought the onions would be, like, onion-y. But the onions took on the flavors of the fat and the meat, so I had nothing in there that was looking good to me.
Reality TV World: Is there anything that you wanted to make it onto the show that was edited out?
Well Terence can speak to some of that relationship stuff that he probably didn't like the way it was depicted (laughs). But I just wanted it to be clearer how much of ourselves we put into the race, because we made huge mistakes that -- I think -- would have cost other teams in the race and they would not have been able to come back from.
So whether it was getting lost in Brazil in one of those early legs where we ran literally five miles out of the way and had to put our cameraman in the car because he couldn't keep up with us, I thought that kind of went by pretty quickly.
Or when Terence fixed the boat, where i think other teams wouldn't have come back from that.
If there was some way to show how hard we were working and how much of ourselves we were putting into it.
I would have liked them to show the great moments of how we're great sports. Sarah and really never undermined anybody or lied. We really just kept true to ourselves, we just competed really hard amongst ourselves and competed hard against other people. But we never were like... "lie, cheat and steal." We would always offer people things when we weren't racing. We were ourselves and we had a lot of fun.
Reality TV World: What aspect of
The Amazing Race
surprised you the most?
The sleep deprivation, and how much harder it was.
We trained for challenges, so we trained for about six weeks really, really intensely before the race. We packed our bags with everything we were gonna bring and we went on the treadmill, the rowing machine, the stair master. We learned how to rappel, we went snowshoeing, we milked animals.
We just did so much related to the tasks, and Terence said to me "I think we should practice sleep deprivation, I'm gonna wake you up at 3AM." And I said "No," and I think that would've made a huge difference because none of the training helped. We never had to milk a cow, we never had to rappel down a rock face or whatever, and we were deprived of sleep. So it probably would've been better if we were better prepared.
Reality TV World: What teams did you get along with the best? The worst?
Probably [Anita and Arthur Jones].
[Aja Benton] and [Ty White], Mark and Bill. Kelly and Christy, I liked them even though...
(Interrupting) I don't. Especially after they said something mean on the TV show. That's why.
We made really, really great friends for life, which is not why we went on the show, but is a nice result.
Reality TV World: During the show, we've seen Mark and Bill's small backpacks and Ken's whistle, did either of you bring anything special with you to help during the race?
I think we packed great. I would've brought about 80-90% of what we actually brought. We had really small backpacks, they were really light. Terence's as a little bit heavier than mine because he was taking some of my stuff because he could carry more than I can.
We had lots of snacks with us, I think we packed great.
Reality TV World: How'd you guys end up on the show -- whose idea was it?
We had both been huge fans of the show, and we were on a trip -- one of my friends got married in Latvia -- and someone said "You guys travel like those guys on
The Amazing Race
. Everything's last minute, fly by the seat of your pants."
So when we came back, Terence went on the website, figured out how to apply, guided me through the process, basically made the video, and completed the paperwork, I just thought it would never, ever happen. I thought you only got cast if you had connections. Then, the irony was they actually called me to tell me that they were interested in us because they assume that the woman does it all.
That was one of the best days of the entire process, getting that call and [hearing] that there's even a chance that you could be on
The Amazing Race
. We were freaking out.
Reality TV World: Was this the first time you have applied for [the show] or had you done it before?
Oh yeah.
It was the first time we applied. When somebody said that to us we looked at it and were like "Yeah, let's go for it." So we even made a three minute video and we said "This is us, this is Terence and Sarah..."
(interrupting) "... You're either gonna love us or hate us."
We had only been dating for about four months at that point, so I don't think we thought it through very much, like "Well this is gonna be a very long process," and "Where will our relationship be at that point?"
We just thought "This would be so fun and so crazy if it works."
Reality TV World: So what are you both up to now? Are you still together? Is there engagement news or anything?
It's driving me crazy, I'm waiting for her to propose! (Both laugh)
No engagement news. We're working on our relationship, by the hour not even by the day.
I'm with the conservative one in this relationship.
And I switched jobs, I'm not working on Wall Street anymore. I'm going to invest in socially responsible businesses in the emerging market, so it's kind of a time of big transition for me.
I'm still coaching runners. I just ran my seventh consecutive New York City Marathon, [The Boston Marathon] in April, and just showing people that running as exercise can help get you out of a darker place, because previously -- before I met Sarah -- my life was not in the greatest place. I wrote a screenplay about it a while ago and I'm just working on that.
'American Idol' judge Paula Abdul denies report of show departure
NBC orders Simon Fuller and Nigel Lythgoe's 'Superstar Dancers'
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Phil Keoghan
Aretha Franklin and Jennifer Hudson to perform at Tribeca Film Festival
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Food and Drink
He Says, She Says
Posted by Ellen Fraser
17. Oct, 2012
Open for just a few weeks on a bustling strip of Toorak Road, Camberwell, new café-restaurant-bar hybrid He Says, She Says is a breath of fresh air on the Camberwell dining scene.
Easily overlooked from the outside, venture further in and you'll find a recently transformed industrial space, featuring an open kitchen, with large informal dining tables for groups, and more secluded nooks for a quieter dining experience.
The menu is classical modern Australian with a focus on high quality, fresh ingredients. Charismatic part owner and first time restaurateur Nasser Mashni admits to being shocked initially by the price of 'the very best' produce, but sampling their menu last Wednesday at the official launch, we can attest it's definitely worth the investment.
Head Chef Michael Harrison, having worked previously under greats such as Ben Shewry, Raymond Capaldi and Gary Mehigan, presented guests with dishes such as snapper tartare with chive dressing and shaved foie gras, and a pork and pistachio terrine with a vibrant shallot jam to start.
Mains included a smoked, slow cooked Moroccan spiced lamb dish, served with yoghurt and a smashing tomato and lamb jus, all served with elegance and a smile. All dishes can be paired with wine from the extensive list, featuring a long list of Australian varieties and the occasional hand picked French or Spanish drop.
Desserts borrow from French classics, and might feature a milk chocolate mousse with orange caramel and meringue, or a simple crème brulee infused with lemon thyme. Definitely worth a look in and likely to become a main stay for Camberwell locals, He Says She Says is a noteworthy additional to the area.
1101 Toorak Rd, Camberwell
9077 7866
Breakfast/Lunch: every day from 8am – 4pm
Dinner: Wed – Sun 6pm – 9.30pm
Photo & Video
The 10th Whitelion Bail Out Charity Fundraiser
Bail Out's plans to help out Melbourne's disadvantaged youth.
The Fox Darkroom
Snap away with The Fox Darkroom, a mecca for photography aficionados to learn all about the traditional methods of black and white photography.
Somewhere Else video sings of summer
It almost sounds like the premise of a reality TV show: pile a bunch of artists in a bus for seven days, send them across Mexico and see what happens.
The Market Runners
A new grocery service focuses on fresh produce and delivers the good in old milk man costumes.
Tea and Cheese Pairing
Tea and Sympathy are holding a tea and cheese pairing afternoon tea where you will get to learn about where these treats come from.


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My Passions: Credit Officer
My Challenges: to overcome challange
My Vision for the Future: to be possitive social welfare
Raise your voice through Story Awards for a chance to be published! See the latest calls for stories
My Passions: Credit Officer
My Challenges: to overcome challange
My Vision for the Future: to be possitive social welfare
Hey there! Welcome to PulseWire!
It's so exciting having you with us, I am sure you will have a fabulous time with your new online friends as well as find this to be a very positive experience. I encourage you to take advantage of the numerous resources and features available through our vibrant online community.
Welcome again to our global community and I look forward to hearing more from you here on PulseWire!
Dear friend,
You are welcome to World Pulse. You are now a member of a vibrant community of women from all parts of the world.
There is a lot to explore on the site. You will meet the women with brilliant ideas and can also share a lot. Please follow the link to get started http://www.worldpulse.com/pulsewire/about/guide.
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I look forward to hearing your voice in the community!
Grace Ikirimat
"It takes the hammer of persistence to drive the nail of success."


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Q: How do you keep a spooky horse calm during long-distance transportation? I will be transporting my skittish/spooky horse four states away for the first time and want to keep him safe and relaxed.
Sharee Zaleski, Costa Mesa, Calif.
A: First let me say that, depending upon the nature of the spookiness, it might be unwise to set out on a trip of this length if it is not an emergency. If it is an emergency, tranquilization would be warranted.
But if there was no other choice in the matter, in advance of the big trip for a known spooky horse, I would do some preliminary schooling and assessment. I would practice loading and unloading the horse under very controlled and positive relaxed conditions, getting him used to the van or trailer, and seeing how he reacts before the big day. Once the horse seems well-acclimated to the transport vehicle, I would then try some short drives to see how the horse does once the rig is moving. If you can get a video monitoring setup, you can watch the horse to see how he is doing. If you don't have a camera set up, you can stop and check on the horse from time to time. When moving along, many otherwise spooky horses settle down and seem less affected by the noise and stimulation that you might expect would cause a meltdown. If everything about the loading and being inside the van or trailer starts out positive, that environment can appear to become somewhat of a "safety zone" for a horse.
There are some dietary supplements, such as L-tryptophan, that can help reduce some horses' spookiness. You might test out some of these products with your horse ahead of the big trip. First discuss this with a veterinarian who knows your horse's specific temperament and history. He or she might be able to recommend a tranquilization regimen.
About the Author
Sue McDonnell, PhD, Certified AAB
Sue M. McDonnell, PhD, is a certified applied animal behaviorist and the founding head of the equine behavior program at the University of Pennsylvania's School of Veterinary Medicine. She is also the author of numerous books and articles about horse behavior and management.


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Compiled from International Security Assistance Force Joint Command News Releases
WASHINGTON, June 28, 2011 – A combined Afghan and coalition security force discovered 992 pounds of marijuana in the Panjwa'i district of Afghanistan's Kandahar province today, military officials reported.
The force also found rocket-propelled grenade propellant and three chest rigs.
In operations in Afghanistan yesterday:
-- A combined force captured a senior leader of the Islamic Movement of Uzbekistan and detained two others in Kunduz province's Kunduz district. The leader tried to disguise himself as a woman by wearing a burka.
-- Several insurgents were killed during a combined operation that targeted a mid-level Taliban leader in Nimroz province's Khash Rod district. Several insurgents tried to engage the security force from elevated positions. An air weapons team killed three and two others were killed on the ground. The force confiscated and destroyed several assault rifles.
-- A combined force detained several people with suspected Taliban ties in Zabul province's Qalat district during a search for a Taliban organizer who obtains and moves weapons for insurgents.
-- In a separate security search in Kandahar province's Zharay district, a combined force detained a suspected insurgent.
-- A combined force found 705 pounds of wet opium in Helmand province's Washer district, and detained several people.
-- A combined force killed an insurgent and detained another person in Ghazni province's Deh Yak district while searching for a Taliban organizer who supports roadside and suicide bomb operations there. The force noticed the insurgent, armed with an assault rifle, attempting to flee. After an engagement ensued, the force killed the man.


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Takeaway: COST beats but facing FX & gas price headwind. Jordan Flight 23 coming to Chicago. WMT making healthcare changes.
Thursday (10/9)
FDO - Earnings Call: 5:00pm
COST - 4Q14 Earnings
Takeaway: Slight beat in the quarter both on the top and bottom line. Monthly sales numbers for September came in at 6% (FX & Gas adjusted) - that marks the 7th straight month of 5% or better comp growth. But, the reported comp was 200bps lower due to a stronger USD (+7% YY) and gas prices (average price per gallon -2% to -3%). That will be a headwind going forward.
FL, NKE - Jordan-brand-only Flight 23 store coming to Chicago
- "Flight 23 at Footaction, a Jordan Brand-only store that debuted this year in New York, plans to open a 36,000-square-foot retail store in the space in June 2015, property owner Thor Equities said."
Takeaway: At 36,000 feet this new door in Chicago seems massive for Brand Jordan, but it's only a few thousand square feet larger than the new UA door moving in down the street. Both brands are now over $2bil in revenue and growing. These new footprints allow the brands to showcase the goods in a mono-branded format and over all we think it's a good opportunity. Especially for NKE. Partnering with Footaction is a pretty savvy move. FA is marginal at best, and they'll do whatever Nike wants -- and they'll probably pay for a disproportionate amount of the start-up costs. Nike will handle the merchandise and branding. Footaction will sit back, write checks, and let Nike do its thing.
WMT - Wal-Mart to End Health Insurance for Some Part-Time Employees
- "Wal-Mart Stores Inc. is cutting health insurance for another 30,000 part-time workers and raising premiums for its other employees, as U.S. corporations push to contain costs in the wake of the federal health-care law."
- "Autumn is typically when U.S. companies unveil changes to employee insurance plans. This is the first such enrollment period since employers could assess the full financial impact of the federal health-care overhaul, and it is a key moment as companies work to lower their spending ahead of looming taxes on the most generous plans."
- "Several other retailers already have moved away from providing health insurance to part-time workers. Target Corp. earlier this year said it would stop offering such benefits, citing options available through public exchanges. Home Depot Inc. last year ended health-care coverage for almost 20,000 part-time workers, while United Parcel Service Inc. cut coverage for workers' spouses who had access to insurance through their own employers.
WMT - Walmart Introduces Cancer Care Benefits for Associates at Mayo Clinic
- "Building on its innovative program that has enhanced the quality of health care for its associates, Walmart announced it is expanding its Centers of Excellence program to include three cancers with Mayo Clinic, one of the nation's leading health care providers."
- "Effective Jan. 1, 2015, Walmart associates and family members enrolled in the company's health reimbursement account plans or health savings account plan who are diagnosed with breast, lung or colorectal cancer can obtain a review of their medical records by Mayo Clinic, and when recommended, receive care covered at 100 percent for on-site visits at Mayo Clinic Cancer Center locations in Rochester, Minn., Jacksonville, Fla., or Phoenix, Ariz."
WWW - Wolverine Worldwide Appoints Melissa Howell Senior Vice President of Global Human Resources
- "Wolverine Worldwide announced the appointment of Melissa A. Howell to the position of Senior Vice President of Global Human Resources. Ms. Howell will report directly to Blake Krueger, Wolverine Worldwide's Chairman, Chief Executive Officer and President."
- "Ms. Howell has more than 24 years of experience in human resource management with General Motors Company, one of the world's largest automobile companies, with well over 200,000 employees in over 150 countries. Ms. Howell most recently served as Senior Vice President of Global Human Resources and also held numerous other human resource leadership roles during her time with the company."
- "J. C. Penney Company, Inc. today announced that B. Craig Owens, a highly accomplished and respected executive in the consumer food and beverage industry, has been elected to its Board of Directors. Mr. Owens recently retired from his post as chief financial officer and chief administrative officer of Campbell Soup Company, where he led its finance, supply chain and information technology organizations."
DG - Dollar General rolls out digital coupons program
- "Dollar General's new Fast Way to Save program, which runs from now through Nov. 15, uses the retailer's new DG Digital Coupon platform powered by Coupons.com to offer its customers more than 100 in additional digital coupon savings."
Tesco asks another senior executive to step aside
- "Tesco has asked a fifth senior executive to step aside as it probes an estimated £250m overstatement of its expected profits."
- "The development came as shares in Tesco rose almost 5 per cent on buyer interest in Dunnhumby, the data consultancy that helped Tesco create its Clubcard loyalty scheme. Several private equity and trade buyers are interested in the business, which is now wholly owned by Tesco and could be worth up to £2bn, according to people familiar with the situation."
Tickers: BYI, CZR, HT, MHGC, CCL
- Wed Oct 8 HT Investor Day
- Thurs Oct 9: Todd Jordan in Macau
BYI –announced that a special meeting of its stockholders has been scheduled for November 18 to consider and vote on a proposal to approve the previously announced agreement and Plan of Merger with Scientific Games Corporation
Takeaway: The merger appears on track to occur prior to year-end 2014.
CZR – filed an 8K and disclosed Wilmington Savings Fund Society issued what the Wilmington called a purported notice of default. In response to the notice, CZR's responded that the company will review the notice and respond within the 60 days allowed to avoid a default.
Takeaway: Could this be the beginning of a long anticipated debt reorganization?
HT – in a precursor to the Company's investor day, announced preliminary Q3 2014 comparable RevPAR of +9.4% based on ADR +5% and occupancy +3.44%, consoliated hotel RevPAR of +12% based on ADR +6.9% and occupancy +3.94%
Takeaway: Early indications of very strong coastal market hotel performance during Q3 2014.
MHGC – (NY Post) started a formal sales process to sell the 928-room Hudson Hotel located on Columbus Circle and is seeking $500M and is also seeking to sell the 194-room Delano hotel in Miami for $200M, according to sources
Takeaway: Hmmm, Hilton has $1.95 billion of Waldorf proceeds to reinvest and both assets could fit under the Curio flag.
CCL – will construct a training facility for deck and technical officers in Almere, Netherlands. The company already has a maritime training center in Almere, the Center for Simulator Maritime Training (CSMART). The new CSMART will be three times larger, according to Carnival Corp. Construction is scheduled to start next year, and a 2016 opening is planned. The facility will serve 6,500 deck and technical officers per year from all nine of Carnival Corp.'s cruise brand, the company said.
CCL – (Cruise Critic) A nine-night Japan sailing onboard Diamond Princess continues to see delays and port cancellations due to two back-to-back typhoons in the Pacific Ocean. The sailing, scheduled to depart October 6, has already been pushed back to October 8 due to Typhoon Phanfone, but now Typhoon Vongfong is hampering the ship's itinerary as well. Princess is giving each passenger a future cruise credit of 50% of the cruise fare paid for the voyage. The credit may be used on any Princess cruise booked before the end of 2015.
Takeaway: Princess Japan back in the news
AirBnB – San Fransisco Approves Airbnb Law – Addressing the controversial and fast-growing practice of ad-hoc hotels in homes, San Francisco Board of Supervisors agreed to legalize but rein in short-term residential rentals by passing the so-called "Airbnb law". The law allows only permanent residents to offer short-term rentals, sets up a new city registry for hosts, requires collection of the hotel tax, limits entire-home rentals to 90 days a year and establishes guidelines for enforcement by the Planning Department. It is slated to take effect February 2015.
Takeaway: AirBnB finally gets recognition in SF
Mainlanders shun Hong Kong, flock to Macau Macau Business
750,000 mainlanders poured into Macau during this year's golden week of Chinese National Day holidays, +17% YoY. The surge in Macau was the reverse side of a slowing of growth in the number of mainlanders visiting Hong Kong as pro-democracy demonstrations there acted as a deterrent to tourism.
Takeaway: Visitation has been the lone bright spot. Some people think there is less foot traffic to the casinos but it's a guessing game.
Hong Kong CEO Corruption Investigation – (The Sydney Morning Herald) Chief Executive CY Leung faces questions over secret $7m payout from Australian firm. The payments were made in two installments, in 2012 and 2013, after he became Hong Kong's top official. The arrangement is outlined in a secret contract dated December 2, 2011, before he was elected chief executive, in which Australian engineering company UGL agreed to pay the Beijing-backed politician £4 million - related to a deal in which UGL bought an insolvent 200-year old British property services firm he was associated with called DTZ Holdings, whose prospects depended on Mr Leung's network of managers and clients in Hong Kong and mainland China.
Takeaway: When protests don't get the desired results, the protesters dig deeper into personal lives and conduct.
China Warns Against HK-style in China – (IBN Live) Wary over the pro-democracy protests in Hong Kong spreading to China, the official media said that any attempt to launch a "color revolution" in the mainland would be futile and a day dream. "Any intention among a small number of people to hold a color revolution on the mainland through Hong Kong would be a daydream," the ruling Communist Party of China's official mouthpiece, the People's Daily said. In a front-page commentary under the headline, "Determined to protect the rule of law in Hong Kong," the newspaper said that democracy without the rule of law would only result in chaos.
Takeaway: Protests unlikely on Mainland China.
China Corruption Crackdown – (Xinhua News) A total of 162,629 phantom staff on the government payroll have been removed since a national campaign targeting corruption and bureaucracy was launched last year. Hebei Province saw the largest number of such officials, with 55,793 found to be getting paid even though they never worked, the Communist Party of China flagship newspaper People's Daily.
(wantchinatimes.com) So far, five out of 13 members of the Shanxi Provincial Committee of the Communist Party of China have been detained for graft. The high percentage of officials being probed for corruption is rare among provincial cities and provinces around China
Takeaway: The corruption crackdowns continue.
Philippines May Penalize Delayed Casino Opening – (themalaysianinsider.com) The Philippines' gambling regulator will penalise the local affiliate of Japan's Universal Entertainment Corp if it fails to open a US$2 billion (RM7 billion) casino-resort along Manila Bay next year as planned, the head of the state authority said. Tiger Resorts Leisure and Entertainment Inc, the local affiliate of Universal which is controlled by gaming magnate Kazuo Okada, said last month it was likely to launch the first phase of its casino-resort project in 2016, a year later than planned.
Takeaway: PAGCOR threatening penalties for delayed openings.
Cabo San Lucas Hotel Update – While Mexican authorities report that 100% of electrical services have been restored in Los Cabos and in Baja California Sur, the reopening of hotels will be much slower. The following are hotel openings that have been confirmed:
• Sheraton Hacienda del Mar Golf & Spa Resort, reopening the first phase of 200 rooms, pools, beach areas and kids club on Nov. 1. Second phase of the remaining 70 rooms will end at the end of November. The opening of the DeCorte restaurant is to be determined.
• Westin Los Cabos, not expected to open before Oct. 31.
• Hilton Los Cabos, taking no reservations until Jan. 15, 2015.
• One&Only Palmilla is not taking reservations until Dec. 15, but will know by Oct. 15 whether the resort will be open for the Christmas holidays.
• Hyatt Ziva Los Cabos will reopen April 30, and Hyatt Place Los Cabos will reopen June 1.
• Holiday Inn Resort Los Cabos is closed until Dec. 1
• Holiday Inn Express Cabo San Lucas is open with 60 guestrooms, and 35 rooms, the pool and business center are closed "indefinitely" for repairs
• Esperanza, an Auberge Resort, closed until Dec. 15.
Takeaway: The slow process of reopening a hotel in remote locations with limited access to rebuilding supplies. We hope the properties re-open for the busy December holidays and New Year's celebrations.
Lourve Hotels – Louvre Hotels has more than 110 operating properties under the Premiere Classe, Campanile, Kyriad, and Golden Tulip brands in 47 countries. US-based private equity group Starwood Capital is seeking buyers for its international budget hotel operator Louvre Hotels Group (LHG), according to French media reports, with the sale expected to raise €1.2 - €1.5 billion, representing more than 10 times LHG's annual gross operating profit.
Takeaway: Starwood Capital looking to harvest portfolio gains.
Cruise Lines Cancel West Africa – Several cruise lines have changed itineraries due to concerns over Ebola, canceling port stops in West Africa. On Holland America Line's 35-day African Explorer cruise due to depart November 15 aboard the MS Rotterdam, from Cape Town, South Africa, to Southampton, England, three ports of call in Ghana, Gambia and Senegal will be replaced with an added overnight in Cape Town, an added overnight in Cape Verde and a stop in Tangier, Morocco,
Takeaway: This is what is being reported as the cause of the sharp stock declines in the cruiser space yesterday and concerns on European visitation. It's a mere excuse to mask the already underlying worsening trends in Europe.
China Macro – September HSBC Services PMI 53.5 vs 54.1 in August
China Golden Week Retail Sales – (Reuters) retail sales during the "Golden Week" holiday slowed to 12.1% from a 13.6% rise last year. The Ministry of Commerce said retailers and catering firms chalked up sales of 975B yuan ($158B) during the week-long holiday.
Hedgeye remains negative on consumer spending and believes in more inflation. Following a great call on rising housing prices, the Hedgeye
Macro/Financials team is turning decidedly less positive.
Takeaway: We've found housing prices to be the single most significant factor in driving gaming revenues over the past 20 years in virtually all gaming markets across the US.
Attention Students...
Get The Macro Show and the Early Look now for only $29.95/month – a savings of 57% – with the Hedgeye Student Discount! In addition to those daily macro insights, you'll receive exclusive content tailor-made to augment what you learn in the classroom. Must be a current college or university student to qualify.
Takeaway: Housing demand shows its first sign of life in months, rising 2.4% W/W and 3.0% Q/Q (4Q14 v 3Q14).
Our Hedgeye Housing Compendium table (below) aspires to present the state of the housing market in a visually-friendly format that takes about 30 seconds to consume.
*Note - to maintain cross-metric comparability, the purchase applications index shown in the table below represents the monthly average as opposed to the most recent weekly data point.
Today's Focus: MBA Mortgage Applications
MBA Mortgage Applications
The Mortgage Bankers Association today released its weekly mortgage applications survey data for the week ended October 3rd.
- Total Mortgage Applications rose +3.8% W/W as the sub-170 streak on the Purchase index – the longest such soft streak since April of 1995 – ends at 12 weeks with purchase demand rising +2.4% sequentially to start 4Q.
- Purchase Activity is off to a good start in 4Q, tracking +3.0% Q/Q and down just -5% Y/Y. As the first chart below shows, the comps ease notably against 4Q13 and will ease further into 1Q next year.
- Refinance activity rose +5% W/W sequentially alongside easy comps and a -3 bps drop in the 30Y FRM contract. After an expedited +14 bps, 4 week advance in rates to 4.39% on September 19th, we've retraced much of that over the last two weeks. down to 4.30%.
About MBA Mortgage Applications:
The Mortgage Bankers' Association's mortgage applications index covers more than 75% of mortgage applications originated through retail and consumer direct channels. It does not include loans delivered through wholesale broker and correspondent channels. The MBA mortgage purchase applications index is considered a leading indicator of single-family home sales and construction. Moreover, it is the only housing index that is released on a weekly basis.
The MBA Purchase Apps index is released every Wednesday morning at 7 am EST.
Joshua Steiner, CFA
Christian B. Drake
Client Talking Points
ECB President Mario Draghi's drugs were good for a no-volume market bounce, but his EUR devaluation did nothing for the economy and now the DAX has round-tripped, selling off right back to where it was pre-Jackson Hole (AUG lows) – 0 + 0 still = 0; all European Equity indices = bearish TREND.
The front month volatility just punched a higher-high (than the AUG closing high) and #VolatilityAsymmetry (see our JUL 2014 slide deck) remains very much in play off the all-time lows in macro market volatility as both the RUT and SPX are now bearish TREND.
While the "oil is down, buy consumer" thing was intellectually stimulating, it has been a depressing position to have – Discretionary (XLY) now down -1.8% year-to-date alongside Industrials (XLI) -1.7% - both the early and mid-cycle sectors are now seeing what we call #Quad4 deflation.
Asset Allocation
Top Long Ideas
Company | Ticker | Sector | Duration | ||
The Vanguard Extended Duration Treasury (EDV) is an extended duration ETF (20-30yr). Now that we have our first set of late-cycle economic indicators slowing in rate of change terms (ADP numbers and the NFP number), it's time to really think through the upcoming moves of this bond market. We are doubling down on our biggest macro call of 2014 - that U.S. growth would slow and bond yields fall in kind. |
Fixed income continues to be our favorite asset class, so it should come as no surprise to see us rotate into the Shares 20+ Year Treasury Bond Fund (TLT) on the long side. In conjunction with our #Q3Slowing macro theme, we think the slope of domestic economic growth is poised to roll over here in the third quarter. In the context of what may be flat-to-decelerating reported inflation, we think the performance divergence between Treasuries, stocks and commodities may actually be set to widen over the next two to three months. This view remains counter to consensus expectations, which is additive to our already-high conviction level in this position. Fade consensus on bonds – especially as growth slows. As it's done for multiple generations, the 10Y Treasury Yield continues to track the slope of domestic economic growth like a glove. |
Restoration Hardware remains our Retail Team's highest-conviction long idea. We think that most parts of the thesis are at least acknowledged by the market (category growth, real estate expansion), but people are absolutely missing how all the pieces are coming together to drive such outsized earnings growth over an extremely long duration. The punchline of our real estate analysis is that a) RH stores could get far bigger than even the RH bulls seem to think, b) Aside from reconfiguring 66 existing markets, there's another 19 markets we identified where the spending rate on home furnishings by people making over $100k in income suggests that RH should expand to these markets with Design Galleries, and c) the availability and economics on large properties for all these markets are far better than people think. The consensus is looking for long-term earnings growth of 28% -- we're looking for 45%. |
Three for the Road
10yr UST yield is crashing (-22% YTD), just fyi
The drops of rain make a hole in the stone not by violence but by oft falling.
According to a PricewaterhouseCoopers Survey shoppers remain cautious on the economy and are concerned about disposable income, for the Holiday season the average household will spend $684, down from $735 in 2013.
This note was originally published at 8am on September 24, 2014 for Hedgeye subscribers.
"When we are no longer able to able to change a situation – we are challenged to change ourselves."
-Viktor E. Frankl
As egotistical as many successful stock investors seem on the outside, a common attribute for many of them is, ironically, their ability to change their minds. Now often some poor analyst in their employ is blamed for the mistake, but when the facts and/or thesis changes, the position is rightfully exited.
Hubris is a dangerous thing and in investing it can be downright deadly. The ability to adapt to new information and admit mistakes, on the other hand, can be an immensely valuable skill.
The ability to adapt, of course, is hardly new to our species. A recent article in Smithsonian magazine based on new research actually argues that the ability to adapt is maybe the most important skills and has enabled homo sapiens to thrive over the last 1.85 million years.
According to this article:
"What results from these analyses is the realization that there is no simple, clear picture; no obvious mechanism as to why the genus we know as Homo came to arise and dominate. What we've long thought of as a coherent picture—the package of traits that make Homo species special—actually formed slowly over time."
So if it was not our unique skill set that allowed us to thrive, what was it? Well, according to the article, the answer is quite straight forward:
"That early Homo species would have had to cope with this constantly-changing climate fits with the idea that it was not our hands, nor our gait, nor our tools that made us special. Rather, it was our adaptability."
So, of course, it begs the questions: when are the Old Wall consensus economists going to adapt their projections for 3% U.S. economic grow in perpetuity?
Back to the Global Macro Grind...
The 3% growth projection noted above may seem like a non-sequitur, but the comment was actually born of out attending the Bloomberg Markets Most Influential conference earlier this week and comments from William C. Dudley, the President of the New York Fed. Since Bloomberg radio and TV called him one of the smartest men in the world, it seems only prudent that we pay attention to his comments.
Aside from his comments that all will indeed be well if we hit 3% in growth in perpetuity, Dudley also indicated he doesn't have a lot of faith in that happening. We've paraphrased below, but a couple of interesting comments from Dudley were as follows:
- The Fed is difficult to manage as it relates to the economic estimates that come in from various methods (Takeaway: this transparency and democracy stuff related to setting policy may be less effective if the inputs aren't systematic, which they are not);
- Dudley said not to overweight the "dots . . . he has a wide confidence interval in his dots (Takeaway: we would agree as the fascination with the dots is reaching near epic proportions, so they are certainly soon to be irrelevant);
- According to Dudley, the Fed doesn't care about the dollar per se, but too strong of a dollar is an economic deterrent (Takeaway: the Fed cares about the dollar, and, shockingly still doesn't get the economic value of a strong dollar policy); and
- There are reasons to be patient on monetary policy and as an example monetary policy was tightened too quickly during the Great Depression (Takeaway: if you didn't know whether Dudley was dovish, now you know. But really Bill, a Great Depression reference?).
On one hand, we certainly appreciate Dudley acknowledging the flaw in forecasting--it shows his adaptability. Conversely, the Great Depression and strong dollar fear mongering is a little disturbing, but certainly difficult to read much from brief comments on a thirty minute panel! And who are we to judge...
As for Hedgeye, we don't know what the Fed is going to do next and frankly despite my comments above, Fed watching is a bit of fool's errand. In our analysis, as the data changes, we adapt. It is that simple.
The most recent change for us recently has been the view that the U.S. economy is now likely in what we call Quad 4, which is an environment in which growth is slowing, inflation is slowing, and monetary policy is loose.
Especially on inflation, this is an about face for us. But that fact is that headline inflation is now down to +1.8% for the quarter, which is a deceleration. Along with that many commodities are now deflating incrementally, and Brent Crude in particular is down more than -12% on the year.
Even as inflation is decidedly decelerating, we do continue to get mixed data on growth (some good, some bad). But as my colleague Darius Dale recently highlighted, we think it's important to highlight the risk of #GrowthSlowing given where consensus expectations for growth remain – i.e. out to lunch. Moreover, the lack of dispersion among forecasts remains a key risk.
Specifically, in the previous five quarters, the standard deviation of growth is 0.44% and peak to trough is 122 basis points. Meanwhile the forward consensus projections for the next five quarters have a standard deviation of 0.02% and peak/trough spread of 18 basis points. We don't know much, but we do know those projections will be missed.
Our immediate-term Global Macro Risk Ranges are now (with intermediate term TREND signal in brackets)
RUT 1115-1149 (bearish)
Shanghai Comp 2281-2355 (bullish)
VIX 13.14-14.99 (bullish)
Pound 1.62-1.64 (bullish)
Copper 3.01-3.09 (bearish)
Keep your head up and stick on the ice,
Daryl G. Jones
Director of Research


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The most disagreeable, insolent, arrogant, imprudent, insufferable, impertinent of men!
Jane Austenís
If you wish to practice the art of fiction, to be the equal of a masculine author, experience is vital. Your horizons must beÖwidened.
Tom Lefroy
Flirting is a woman's trade. One must keep in practice.
Eliza De Feuillide
Experience can recommend a man...
Eliza De Feuillide
I have read your book, and I disapprove.
Jane Austen
Of course you do
Tom Lefroy
A novel must show how the world truly is. Somehow, reveals the true source of our actions.
Jane Austen
What is she doing?
Lady Gresham
Can anything be done about it?
Lady Gresham
Sometimes affection is a shy flower that takes time to blossom
Mr. Wisley
Affection is desirable. Money is absolutely indispensable!
Mrs. Austen
How can you of all people dispose of yourself without affection?
Tom Lefroy
How can I dispose of myself with it?
Jane Austen
What value will there ever be in life, if we are not together?
Tom Lefroy
You cannot begin to imagine...
John Warren


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Each day we bring you one stunning little glimpse of history in the form of a historical photograph. Enjoy!
Monday, April 5, 2010
War Effort
Welcome to War Worker Week here at OPOD. As men entered the military to serve in World War II, women had to step up and fill the jobs that had been done by the men. Women moved into jobs that had traditionally been done by men. The picture above was taken in 1942, and shows a woman painting the insignia onto the wing of an American airplane.
World War II
7 comments:
- AnonymousApril 5, 2010 at 3:51 PM
Maybe a stencil was used. She could be touching up the overspray.
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Stand assembly only for Garage Heater Unit PH-12A
Stand assembly only for Patio Heater Lamp Unit (PH-12A).
(Image shows PH-12A lamp unit installed with stand. Heater unit sold separately) Specifications: - Height: 80 in. (when installed with lamp unit, measured to top of lamp) - Base diameter: 18.5 in. - Net weight: 32 lbs. | |


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Battleship USS Massachusetts
4 responses
George Cox said (3 Sep 2008):
i really like the skin tones of this one. She is very beautiful. Very well done!
Mike Edwards gave props (3 Sep 2008):
Great colors and model.
Arash Martin gave props (13 Dec 2008):
Sam Hauss (Deleted) gave props (30 Mar 2009):
Beautiful model.


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NBA.com sais Baron is suspended for tonites game, after throwing a punch against the Cippers a couple nights ago.
Baron Suspended
Moderators: Mr. Crackerz, JREED, Guybrush, 32
SHIIT. I'm Going to that game. the fkkers!
on the other hand, 2 of the biggest wins of the season were with Baron out, Utah and San Antonio - I'm still thinking they can win it with all the energy coming in and we'll get to see if jasekevicius can play some point...


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Business in brief
Citizen Staff Reports 03/22/12
Local entrepreneur and Henrico resident Barbara Bennett is currently competing to "Get on the Shelf" at Wal-Mart. Bennett launched her company, The Mineral Case, in 2009. A passionate fan of the mineral makeup trend – but not of the mess and hassle of various jars and loose powders – Bennett launched The Mineral Case because it clears bathroom counters and makes cosmetics easily accessible at home or while traveling. If her company receives enough votes, her product will be available at every Wal-Mart location across the country. Fans can vote once a day through April 24 at http://www.getontheshelf.com/product/5505/The-Mineral-Case. To view Bennett's contest entry, visit http://youtube/Miq5hdFxMG8.
LOGO Dynamics, a distributor of promotional products in Henrico, recently received the All Star award from Constant Contact®, Inc. Each year, a select group of Constant Contact customers are honored with the All Star award for their exemplary marketing results. LOGO Dynamics' results ranked among the top 10 percent of Constant Contact's customer base. Owner Matt Davidson has been a partner with Constant Contact since 2010 and offers email marketing and social media seminars on a regular basis in Central Virginia. Constant Contact customers using any combination of the company's email marketing, event marketing and online survey tools are eligible for the award.
U-Turn Sports Performance Academy and Cap City Ballerz recently announced a new partnership between two of Richmond's most successful youth developmental AAU basketball programs. The partnership between U-Turn and Cap City Ballerz will focus on combining the best from both organizations to better position athletes and teams to compete at the highest level of basketball and to help provide youth with the support they need to be champions in the classroom, community and life.
The Virginia Society of Certified Public Accountants (VSCPA) recently hired Richard Gordon as conference planner and Christopher Murphy as marketing specialist. Gordon comes to the VSCPA from Benchmark Hospitality International at Capital One in Richmond, where he worked as an operations and learning events manager. He has 20 years of experience in telecommunications, accounting and finance, operations management and event planning. Prior to joining the VSCPA, Murphy worked at SunTrust Bank as a mortgage relationship specialist and did freelance graphic design and copywriting. He has more than 10 years of experience in marketing, communications and graphic design. In his role on the VSCPA Education Team, Gordon will plan, manage and implement VSCPA conferences and work on other educational programs and events. As part of the VSCPA Marketing Team, Murphy will develop and execute marketing plans for VSCPA membership recruitment and retention, VSCPA Educational Foundation fundraising and CPA PAC of Virginia fundraising.
Raymond Rudolph, Southern States Cooperative, Inc. – Williamsburg Road Service, recently attended a comprehensive three-day training program designed to qualify employees as "Certified FeedMaster Specialists" for Southern States Cooperative, Inc. The rigorous training program is tied to the Southern States' FeedMaster program and is designed to augment the existing knowledge base of employees involved in advising the co-op's customers on issues related to feeding various types of animals. The program provides new and updated information and qualifies for continuing education units (CEUs) by the American Registry of Professional Animal Scientists (ARPAS), a national organization that certifies animal scientists through examination.
Jo-Ann Fabric and Craft Store recently opened a new location at Merchant's Walk, 7504 W. Broad St. Hours of operation are Monday-Saturday 9 a.m. to 9 p.m. and Sunday 10 a.m. to 6 p.m. For more information, call 501-2356.
Nominations open for 2017 IMPACT Award
Citizen Staff Reports 03/23/2017 Business
ChamberRVA is seeking nominees for the annual IMPACT Award, which honors the ways in which businesses are making an impact in the RVA Region economy and community and on their employees.
Nominees must be a for-profit, privately-held business located within ChamberRVA's regional footprint: the counties of Charles City, Chesterfield, Goochland, Hanover, Henrico, New Kent and Powhatan; the City of Richmond; and the Town of Ashland. > Read more.
Business in brief
Citizen Staff Reports 03/23/2017 BusinessBusiness in Brief
Cushman & Wakefield | Thalhimer announces the sale of the former Friendly's restaurant property located at 5220 Brook Road in Henrico County. Brook Road V, LLC purchased the 3,521-square-foot former restaurant property situated on 0.92 acres from O Ice, LLC for $775,000 as an investment. Bruce Bigger of Cushman & Wakefield | Thalhimer handled the sale negotiations on behalf of the seller. > Read more.
Water system repairs to prompt lane closures Wednesday near Gayton, John Rolfe
Citizen Staff Reports 03/21/2017 Transportation
Work to repair a leaking water main or valve will require lane closures beginning at 8:30 a.m. Wednesday, March 22 near Gayton Road and John Rolfe Parkway.
Westbound Gayton's left turning lane and left through lane will be closed. Westbound traffic will be shifted to the right through lane. Eastbound Gayton's left through lane will be closed at John Rolfe. Eastbound traffic will be shifted to the right through lane. > Read more.
Henrico Doctors' Hospitals named to nation's top 100
Citizen Staff Reports 03/21/2017 Health
HCA Virginia's Henrico Doctors' Hospitals recently was named one of the nation's 100 top hospitals by Truven Health Analytics, a provider of information and solutions that support healthcare cost and quality improvement.
Henrico Doctors' Hospitals consists of three community hospitals – Henrico (Forest), Parham, and Retreat Doctors' Hospitals – and two freestanding emergency departments, West Creek Emergency Center and Hanover Emergency Center. Henrico Doctors' Hospitals specializes in heart and stroke care, women's health, oncology, orthopedics, urology, and behavioral health. > Read more.
Henrico residents invited to share design ideas for new Fairfield Area Library
Citizen Staff Reports 03/21/2017 Government
Henrico County Public Library is planning community meetings March 28-29 and April 1 to receive input from county residents on the design of a new Fairfield Area Library. Meetings will be held at the Fairfield Area Library, 1001 N. Laburnum Ave., and at the Eastern Henrico Recreation Center, 1440 N. Laburnum Ave.
Architects from BCWH, Inc. will join library staff for the meetings, which will feature discussions and seek ideas on spaces and services for specific age groups as well as designs for the entire facility. > Read more.
Villa's Flagler Housing wins national NAEH award
St. Joseph's Villa's Flagler Housing & Homeless Services was one of three entities to earn the National Alliance to End Homelessness' Champion of Change Award. The awards were presented Nov. 17 during a ceremony at the Newseum in Washington, D.C.
NAEH annually recognizes proven programs and significant achievements in ending child and family homelessness.
Flagler completed its transition from an on-campus shelter to the community-based model of rapid rehousing in 2013, and it was one of the nation's first rapid re-housing service providers to be certified by NAEH. > Read more.
RIR's Christmas tree lighting rescheduled for Dec. 12
Richmond International Raceway's 13th annual Community Christmas tree lighting has been rescheduled from Dec. 6 to Monday, Dec. 12, at 6:30 p.m., due to inclement weather expected on the original date.
Entertainment Dec. 12 will be provided by the Laburnum Elementary School choir and the Henrico High School Mighty Marching Warriors band. Tree decorations crafted by students from Laburnum Elementary School and L. Douglas Wilder Middle School will be on display. Hot chocolate and cookies will be supplied by the Henrico High School football boosters. > Read more.
CAT Theatre to present 'When There's A Will'
CAT Theatre and When There's A Will director Ann Davis recently announced the cast for the dark comedy which will be performed May 26 through June 3.
The play centers around a family gathering commanded by the matriarch, Dolores, to address their unhappiness with Grandmother's hold on the clan's inheritance and her unreasonable demands on her family.
Pat Walker will play the part of Dolores Whitmore, with Graham and Florine Whitmore played by Brent Deekens and Brandy Samberg, respectively. > Read more.
Henrico residents invited to share design ideas for new Fairfield Area Library
Virginia529 enrollment period closes March 31
Henrico Police seek Northside robbery suspect
Baker students to be shifted to other schools temporarily
Citie of Henricus commemorates Pocahontas' 1617 death
- More News
Print Edition
Mar. 16, 2017
Click here to read the print edition.Entertainment
CAT Theatre to present 'When There's A Will'
Weekend Top 10
Weekend Top 10
Takara Ramen is a pleasant surprise in the West End
Restaurant Watch
- More Entertainment
Obituary – Michael Lee
Obituary – Esther Jeanette Windmueller
Obituary – Anthony Nicholas Laudani
- More Obituaries
Villa's Flagler Housing wins national NAEH award
RIR's Christmas tree lighting rescheduled for Dec. 12
project:HOMES' 'Renew Crew' helps Henrico citizen
- More Community
Thanksgiving, Part II
Storm woes for e-junkies
'Good old days' were good – for some
- More Opinions
Highland Springs girls fall in state title game
RIR to admit children 12 and younger free next year
Henrico teams win district, state championships
- More Sports
← | March 2017 | → | ||||
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Bluegrass band Sideline will perform at 8 p.m. at The Tin Pan, 8982 Quioccasin Rd. Sideline consists of Steve Dilling, banjo; Skip Cherryholmes, guitar; Jason Moore, bass; Nathan Aldridge, fiddle; and Brad Hudson, dobro. Doors open at 6 p.m. Tickets are $10 in advance and $15 at the door. For details, call 447-8189 or visit http://www.tinpanrva.com. Full text


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Advanced PhysX in Metro 2033
Metro 2033 was looking as highly considerable title – post-apocalyptic setting, intense focus on atmosphere and storyline, state-of-the-art graphics engine with DX 11 support, and of course, solid implementation of PhysX SDK based physics.
And after finishing it we can say – Metro 2033 is pretty good game for sure. But following the direction of our site, will leave other game aspects to reviewers and focuse on in-game physics implementation, and "Advanced PhysX" mode particularly.
Overall physics level is looking pretty decent, but anticipated "Advanced PhysX" option may be dissapointing – it's adds only several hardly-noticeable particle effects (we already saw numerous discussions with same idea "what is Advanced PhysX doing ? I can't notice anything – is it working ?").
Surprisingly, but destructible physics objects, particle effects in key scenes and even cloth banners aren't affected by "Advanced PhysX" switch.
Moreover, additional PhysX content is even somehow optimized for multi-core CPU execution (will use it if Nvidia GPU is not present in the system). Of course, intense firefight with a lot of impact debris particles or several smoke clouds from grenade explosions will result in heavy fps drop (while running all calculations on CPU), but situation is better than in previous GPU PhysX games.
For example, that's how CPU load is looking while defending the barricade at the end of the Chapter 3 (this scene has lot of impact particles), with Advanced PhysX content running on CPU.
Final Sum: additional PhysX content in Metro 2033 is not nearly so intensive and defiant as in previous GPU PhysX games – one can call it mediocre, other will say it fit in game environment more naturally. But from what we heard, there may be PhysX patch for Metro 2033 – no additional details were revealed yet.
As always, GPU PhysX Info mini-site for Metro 2033 is located here
Update: comparison PhysX screenshots uploaded
14 Responses to 'Advanced PhysX in Metro 2033'
nice video
i think best game what use GPU PhysX
and .. its way
multicore optimized for CPU and for peoples with GeForce – GPU aceleration
but i dont understand one think
with Advanced PhysX – CPU ?
without – GPU ? -
ah ..i understand now
Advanced PhysX – more particles effects ? -
i use GT220 for only physx. 0-4% usage in this game… Batman AA – 40-60% usage…. thats bullshit.
Right. Adv. PhysX – more particle effects.
It was feature stated by developers – if Nvidia GPU is present, it will calculate complex physics, if not – CPU will do the work (not so effective for sure) -
ah, ok .. x)
Sorry for my poor English.
Hey! Great comparison video and screenshots!
I made a short comparaison video too.
You can see that advanced PhysX also adds some new objects. And if the advanced PhysX is working on a GPU NVIDIA works better. There are differences between CPU / GPU PhysX.
Anyway, it seems that in that scene from the game there advanced physics problems if Advanced PhysX are running on a GPU NVIDIA. The "paper" moves rare.
It can see on my video.
Yeah, I saw that "mutant living paper" too but since it was only in one place through whole game and was looking like a clear bug, I haven't mentioned it) -
no physx means also that some parts of the game are missing
nvidia does it gain Batman no AA and now this crap
tried the game with physx off and indeed some scenes are missing from the game
Sorry, I can't undestand much from you link. What actually is missing ? -
some game scenes are missing with physx off also some parts in some cut scenes , fighting in the train station is missing
try for yourself turn off physx completely off in game and even in the drivers and play the game
some game scenes
This description doesn't make any sence.fighting in the train station is missing
At Depo level ? (Chapter 4-3)
Not this one ? picture linkAdvanced PhysX OFF, PhysX disabled in drivers
Upd: In addition, I've replayed first three chapters with Adv. PhysX off – no difference.Upd #2: Resolved. Mr. Scorpio was confused by actual level nonlinearity in Metro 2033
Thus, no differences between Adv. PhysX OFF and ON except those shown in a video above -
hey, how u make a screenshot ? i cant make screen with Prtsc, i dont understand it its my bad ?
u have fraps ? -
Yep, I'm using Fraps for both screenshots and video


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OpenBSD General Other questions regarding OpenBSD which do not fit in any of the categories below. |
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ssh restrictions
Forgive my ignorance and I sure tucked away this will be mentioned already.
I have done a few searches but it's knowing what to search for in these situations with regards to terminology. I have sewn up the ftp by restricting users to only allow access to home folders. Is there a way to so the same with ssh accounts? It seems a standard test user can traverse the directories. Granted they cannot commit any nasty commands but it would be great to limit them to their designated areas? Regards Pico |
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03-12-2013 #1
XCM Introduces a USB Hot and Cold Coaster for PCs and Car Use
Today the XCM Team has officially introduced their new XCM USB Hot and Cold Coaster for PCs and car use.
Below are the details from their official site, as follows:
This device is for computer peripherals or car to heat or cool drinks via USB power cord, able to drink cold drinks in hot summer days or hot drinks in chilly winter, no matter inside the car or next to the computer, this device can provide you the excellent lifestyle.
Product Functions:
1. Using low voltage and universal USB power, it is safe and convenient, excellent for using at home, office and on board.
2. Built in the heating and cooling function, work on any weather or season.
3. Built in the double color LED (Red LED – Heating, Blue LED- Cooling)
4. Built in adjustable tap to hold the beverage not to spill.
5. Double USB power supply, enhance the efficiency.
6. Unique design-Multi-curvature arc conduction plate for better conductive efficiency.
7. Built in semiconductor refrigeration and PTC heating component
More PlayStation 3 News...
03-13-2013 #2
what is this to do with ps3. LOL
03-13-2013 #3
Nothing, which is why it's in our "Off Topic / Random Stuff" forum section.
03-13-2013 #4
I remember someone making something like this ages and ages ago and I bought one and it only really slows the process of cooling/heating (depending on which mode you have) but it will never take a drink from warm to cold or cold to warm. Just not enough juice running through usb, unless they've used USB 3.0 in which case that could potentially be interesting.
03-13-2013 #5
lol boss. didn't see that.
03-15-2013 #6
Wouldn't it be easier to just plug something like this into a wall outlet and get more power and better cooling/heating? Wouldn't mind something like this at my PC desk, but getting less power over USB and taking up USB slots on my PC just for something like this seems silly.
In my opinion power over USB ruined this product.


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Thermo Fisher Scientific, an American precision laboratory equipment company, is looking to hire a manufacturing engineer. You'll support plant operations to improve product quality, eliminate waste, reduce cycle time and improve operating performance. You must also be able to provide technical support to manufacturing departments.
To apply, visit http://jobs.thermofisher.com/job-detail/Manufacturing%20Engineer/210609/
For more job listings, log into Bobcat Career Link


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MIAMI -- With 825 miles of Florida beaches to plant your beach umbrella on, picking just the right spot for you and your family can be daunting. Do you want adventure or laid-back beaches? Family friendly or romantic setting?
Visit Florida, the state's tourism and marketing arm, recently launched some high-tech tools to help visitors find just the right beach for their summer vacation.
The Florida Beach Finder allows travelers to virtually walk hundreds of miles of beaches -- from legendary locations such as Miami's South Beach to lesser-known sanctuaries like Cayo Costa off the west coast of Florida. It's like Spotify, but for your beach vacation. Here's how it works:
Go to www.VISITFLORIDA.com and click on Florida Beach Finder. Then "tune" your preferences by moving four dials (red-dot sliders) up and down to adjust your beach personality, with preferences ranging from action-packed to secluded and somewhere in between. The beach finder displays different pictures that best match your preferences, and the visual options change with every tweak of the tuner.
You can also virtually walk the beaches with Street View imagery in Google Maps. Last summer, Google spent four months photographing Florida beaches to create panoramic views of every beach in the state. It was Google's first large-scale beach-mapping project and now all of those images -- Google Beach View -- are available on Visit Florida's site.
Nearly 95 million people visited the Sunshine State in 2013. With tourism being the state's top industry, these high-tech tools will allow future visitors "to dig their virtual toes into any of Florida's beaches and find their dream beach before them come," said Susannah Costello, a vice president of Visit Florida. "For Florida, it's an opportunity to showcase that we have the greatest variety of beach experiences in the world."
And to remember that fabulous beach vacation, Visit Florida is also launching a tool called Floridagrams where visitors can make a mini-movie of their trip. Users can upload up to five pictures of their beach vacation into the website, pick a story with an audio narration, and then email it to friends and family.


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- Youth
- Corporate Hosting
DOVER, Del. – The Delaware Office of Highway Safety and Dover International Speedway have announced a new partnership that will see the state office become the title sponsor for the newly branded "Drive Sober 150" NASCAR K&N Pro Series East race, which takes the green flag at 4:45 p.m. on Friday, Sept. 27.
Throughout the Sept. 27-29, 2013 race weekend at the Monster Mile, the Delaware Office of Highway Safety (OHS) will promote traffic safety, with a special focus on the dangers of impaired driving and the importance of not getting behind the wheel while under the influence.
"This fall we are excited to expand our Drive Sober campaign with the sponsorship of the NASCAR K&N Pro Series East race," said Jana Simpler, director for the Office of Highway Safety. "Our partnerships with Dover International Speedway and NASCAR teams have helped to share our messaging with a dynamic audience we otherwise could not have reached on our own. We are thankful for the partnerships and support we receive from the Speedway and the racing community."
The OHS presence isn't a new one at the Speedway, as it has been a track partner with a large interactive exhibit in the track's FanZone on race weekend, promoting everything from the importance of buckling your seat belt to driving sober. Planned activites at the race this year include driver autograph sessions, a Designated Driver tent, games using fatal vision goggles and much more.
The Delaware Office of Highway Safety has also previously served as the primary sponsor on J.J. Yeley's No. 36 Tommy Baldwin Racing (TBR) Chevrolet, and will continue to partner with TBR in the "AAA 400" NASCAR Sprint Cup Series race on Sept. 29. OHS is also expanding its partnerships to include primary sponsorship of Ben Kennedy in the No. 96 Ben Kennedy Racing Chevrolet for the "Drive Sober 150" NASCAR K&N Pro East Series race, and Regan Smith in the No. 7 JR Motorsports Chevrolet for the Sept. 28 NASCAR Nationwide Series race.
"We're thrilled to have the Delaware Office of Highway Safety promoting this very important message throughout race weekend," said Michael Tatoian, executive vice president and COO of Dover Motorsports, Inc. "The Office of Highway Safety does so much great work in our state to make our roadways safer, and the 'Drive Sober 150' gives them the chance to spread that message on a national level too."
The Friday, Sept. 27 "Drive Sober 150" presented by the Delaware Office of Highway Safety NASCAR K&N Pro Series East race kicks off a tripleheader weekend of action at the Speedway, followed by the Saturday, Sept. 28 NASCAR Nationwide Series race and Sunday, Sept. 29 "AAA 400" NASCAR Sprint Cup Series race, the third event in the 10-race Chase for the NASCAR Sprint Cup.
For tickets or more information, call 800-441-RACE or click here. You can also keep up with the Monster Mile at Facebook.com/DoverInternationalSpeedway or on Twitter at @MonsterMile. Follow OHS on Twitter @DEHighwaySafe or on Facebook.com/ArriveAliveDE.