text:
Jeremy Glaser: For Morningstar, I'm Jeremy Glaser. I'm talking today with Kevin McDevitt. He is a senior analyst at Morningstar. We're going to look at his favorite world-allocation funds and where those managers are placing their bets today.
Kevin, thanks for joining me.
Kevin McDevitt: Thanks for having me, Jeremy.
Glaser: So, let's talk little bit about what you look at in world-allocation funds? What are the hallmarks of a great fund that investors should be considering?
McDevitt: Sure. Well, there is tremendous amount of variety when it comes to world-allocation funds. So, as an investor, I think, here more than most categories you really want to have a handle on the manager's strategy, and just how far afield they will go in terms of asset classes, and also how frequently they will tinker with those weightings. So, you have everything from very steady consistent funds, funds that don't change their asset allocations all that much, such as funds like Capital Income Builder from American Funds, BlackRock Global Allocation, those tend to be fairly steady funds. And you have funds that tend to be bit more tactical in terms of how they do things and I'll throw into that camp Ivy Asset Strategy and perhaps even Rob Arnott's PIMCO funds, All Asset and All Authority, to some extent.
So, you really want to be aware of, again, what the manager's strategy is to get an idea what asset classes they will invest in, but again then also how frequently they are tinkering with those weightings. It's really in many respects it's a matter of matching your own profile, your own profile as an investor with the strategy that make sense for you. Perhaps you are looking for a fund that is more tactical, such as Ivy Asset or with Rob Arnott's fund, or perhaps you're looking for a more steady asset allocation around which you can build a portfolio. So, really comes down to investor preference.
Glaser: So, when you look at those managers of those funds that you like today, where are they finding value? Have you seen any big tactical shifts in these portfolios over the last few months?
McDevitt: Yeah, it's very interesting because you're seeing a lot of different responses to a very--what I think is and I think most would agree--is an extremely difficult environment right now from an investment standpoint. You're seeing some things that are arguably atypical. For example, in a lot of the American funds allocation funds, such as Capital Income Builder, but some of others as well like American Balanced, you've really seen them make a strong move to equity. And really they've gone away from fixed income in a very big way. Both of those funds are at all-time highs in terms their equity weighting.
Part of that is actually ironically enough a search for income. If you are an income-oriented investor, arguably you could find better yields and perhaps in some cases even more safety. In a sense you can have some strong blue-chip European companies that don't drive a lot of their sales from continental Europe which have pretty strong yields. So, if you're an income-oriented investor, as some of those American funds are, you actually are looking at blue-chip European stocks in some cases. Not to say those are a substitute for fixed income in terms of a risk/reward trade-off, but arguably again if you are more income-oriented, that's where some investors are going.
If you look someone like Rob Arnott, he doesn't really share that perspective. To the extent he is getting equity exposure and equity exposure has gone up quite a bit in his funds, it's coming more through emerging markets. There have been some additions to Europe and Japan, both markets which are arguably pretty cheap, but I think he finds more promise in emerging markets. And given the fact that emerging-markets valuations have come down over the last 12 to 18 months, he is finding more opportunities there.
Glaser: So, you mentioned Europe a few times as an area that could look cheap. Certainly, we heard from value managers for quite some time that they are getting these great franchises at a great value. Do you still hear that as much or do you think that some managers are starting to turn away from Europe? Or are they getting not little bit fatigued by either some of the crisis there?
McDevitt: When it comes to the American funds, the managers there are being very cautious when it comes to Europe and are actually looking to reduce their exposure to Europe as much as possible. If you have a fund of a global mandate, you can only, I guess, move so far afield from Europe. You're seeing far more managers get their exposure through companies aren't tied to the eurozone, so you're seeing greater weighting perhaps in the U.K., Switzerland, and some of the Scandinavian countries. So, you're seeing a push I think to some extent away from eurozone, at least when it comes to American Funds.
To the extent that managers are still investing in Europe, they are seeing good valuations, but they really are trying to source the revenues from outside of Continental Europe. We're seeing firms focusing more on businesses that are driving a lot of their sales from emerging markets and even from the U.S. which is comparatively more attractive I think in their minds than we are seeing in Continental Europe and eurozone, in particular.
Glaser: You mentioned that Rob Arnott is looking at emerging markets. Are you hearing from any other managers who are moving into that space, who really see a compelling valuation there?
McDevitt: Not as much. As I would have expected you are not seeing as much of a move there. You mentioned other value managers. First Eagle would be another example where they have been finding more values, let's say, in Japan, for example. They have close to a quarter of their portfolio in Japan, a little over 20%. So, in their case, for example, they'd rather go to Japan than go to emerging markets. In the case of Dennis Stattman with BlackRock Global Allocation, again not as much. I don't see them making as much of a move to emerging markets as Rob Arnott has. I should qualify that, too, in terms Arnott, it's not just emerging-markets equity; it's really even more so emerging-markets debt. He has been moving a lot of his assets into emerging-markets debt funds both of those denominated in dollar-based securities and those in local currencies. So, that's been really his push. That's where he's been moving and at the expense to some extent of more domestically based fixed-income vehicles.
Glaser: So, we looked a little bit across different geographies. How about different sectors? Globally are there areas that the managers are finding, say that health care or tech looks undervalued, or is it seem to be more evenly distributed?
McDevitt: Well, I think, again this is a very challenging market I think for a lot of managers, especially more value-oriented managers because I feel like they got a bit of free ride two or three years ago when coming out of the credit crisis you had a lot of small- and mid-cap stocks rallying in 2009 and 2010. And that was to some extent at the expense of very high-quality blue-chip companies, large-cap companies in many cases. And their valuations got left behind. So, lot of value managers were able to step in and kind of snap up some great brands, great companies at good prices and that has kind of run its course. So, you're seeing a lot of value-oriented mangers kind of taking profits in lot of those companies. And I think to some extent they're at a bit of a loss as to what to do next.
I think from a valuation standpoint, I think they feel like cyclical companies are starting to look attractive. They're trying to see better valuations there. You are seeing some value managers picking up energy companies, for example. The Tweedy Browne guys are picking up oil stocks for really the first time in at least a decade. But I think it's with tepid enthusiasm. I think they are holding a lot of cash; you see a lot of value managers holding a lot of cash. I mentioned First Eagle before; they have about 19% in cash right now. You look across the board, you look at funds like Sequoia, you look at the Tweedy Browne funds, and Weitz Funds. They are all holding a lot of cash. So, I don't think there is any one area that's really driving or really receiving a lot of enthusiasm from investors.
Glaser: Well, Kevin, I really appreciate the update today.
McDevitt: Thank you, Jeremy.
Glaser: For Morningstar, I'm Jeremy Glaser.


text:
Nov 11, 2010
COOKEVILLE, Tenn. – Tennessee Tech women's basketball head coach Sytia Messer has begun to flex her recruiting muscle as she announced her first signee for the 2011-12 season.
A 6-2 forward out of Dillard High School, T'Keyah Williams has signed a national letter of intent to play at Tennessee Tech.
Williams is the first addition to the Golden Eagle roster this year, on the heels of Messer inking a recruiting class that ranked tops in the OVC and the top 100 nationally.
"She will be a great addition to our team and should fit into our program very well with her defensive and skills and rebounding abilities," Messer said. "She will help us out with our post play inside and will be a great defensive addition."
A former teammate of current Golden Eagle center Candace Parson, Williams provided a solid presence at the post position not only for Dillard High School, but also as a member of Team Breakdown under head coach Pat Gajardo.
Under coach Marcia Pinder, Williams averaged a career-high 10 points, 11 rebounds, three steals and two blocks per game during her junior season as she led Dillard to a class 5A State Championship. She is heading into her senior season at Dillard this winter.
Williams ranked 74th in the nation at her position by ESPN's Hoopgurlz. Brandon Clay's Jump Off Plus and Mike T. White's All Star Girls Report also ranked her nationally among the best.
The daughter of Serena Cook, Williams plans to major in electrical engineering.
The Golden Eagle begin their 2010-11 season Monday, as they host the Alabama A&M Bulldogs at 7 p.m.

subset: commoncrawl


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Iraqi Refugees - Ten years after the U.S. invasion of Iraq this country has taken in more than 64,000 Iraqi refugees. Some of the refugees are living in the San Diego area, where they have family connections. D
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Published September 11, 2013
An article in Business First reports UB will hold a groundbreaking ceremony for its new medical school building at 1 p.m. on Oct. 8 at the construction site on the corner of Main and High streets.
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text:
I can't imagine I'm the only one.
I'd definitely do it for half than that
half is the bribe
Do you know how to run it? Seriously, everyone here has an opinion but do you have the expertise to run it? In a way that would make everyone happy and that would be net neutral and that would satisfy politics? In the real world? In a way that would allow Nepal to bitch and China to still express an opinion and have both the Dalai Lama and the Chinese Premier ready to come visit you at your house for drinks and a round of golf with you and Bill Murray?
Bitch about $800k all you want, but at $400k I think
I agree with what you are saying.
I am curious, though. Why doesn't the Internet community form its own domain system, and not worry about ICANN?
Bitch about $800k all you want, but at $400k I think we get a $400k run internet.
Indeed, back when the internet was free of commercial interests ICANN was not needed, as people could (and would) get stuff done because they wanted to, for no charge.
Do you know how to run it? Seriously, everyone here has an opinion but do you have the expertise to run it? In a way that would make everyone happy and that would be net neutral and that would satisfy politics? In the real world? In a way that would allow Nepal to bitch and China to still express an opinion and have both the Dalai Lama and the Chinese Premier ready to come visit you at your house for drinks and a round of golf with you and Bill Murray?
Hell, yes I'd do it better. It wouldn't be hard to. Currently, the TLD thing shows how corrupt the system is. And I really don't understand why you are talking about WenJiaBao, or the Dalai Lama in the same sentence when we are talking about ICANN: you must have smoked weed or something. But when we're at it: that's the problem, politics should not be involved in something that should stay neutral.
Bitch about $800k all you want, but at $400k I think we get a $400k run internet. Pay for performance is a world-wide metric. Do I want someone to do it for free? No, because that is what I will get in return.
At the beginning of the Internet, it wasn't run by a company, and it was working well. The way ICANN runs thing
"Seriously, everyone here has an opinion but do you have the expertise to run it?"
Why yes. I did this from 1996 to 2006. Cost: $0.
Postel used to do it as a part time $15K/yr "task".
It really reallly isn't hard. If you'd tried or done it you'd know that. They make it look scary to justify the gold plated nonsen$e they get away with.
It's simply too much money for the job, smart people do great jobs for considerably less. What they are going to get for that kind of money is a MBA drone who talks in buzzwords, has no imagination, and only cares about acquiring as much personal wealth as possible.
People that get paid more just get more greedy and more not less susceptible to bribery and other types of corruption. You can't pay someone enough to change their human nature.
Pay for performance is a world-wide metric.
Please stop perpetuating lies. It's an old wives tale that has absolutely no scientific backing. Evidence shows the opposite: high compensation has a detrimental effect on productivity of creative white collar employees. (This does not apply to manual labor workers)
http://blog.ted.com/2010/05/31/dan_ariely_asks/ [ted.com]
So yeah, I would like the guy getting paid $100k instead, and use the remaining $700k to add new fiber infrastructure.
Bitch about $800k all you want, but at $400k I think we get a $400k run internet.
Exactly, thats why you pay CEOs multi million dollar bonuses to succed in the market like Bear Sterns, Fannie Mae, Freddie Mac, Lehman Brothers, Bear Stearns and Merrill Lynch, Morgan Stanley, Goldman Sachs etc
Postel did it for $15K/yr and the names, numbers and infrastructure grew more under Jon that at any other time. 250 tlds in a few years.
ICANN: half a billion dollars and we got
The thing is, Jon knew how to configure a nameserver. How many of the six figure guys in ICANN do you suppose can do this?
How to run it? Are you kidding?
First of all the CEO is never in the office. Second, ICANN has been around for a decade and has burned though ten of millions of dollars. Show me the deliverables. If any other government agency acted like this there'd be charges.
Keep in mind Beckstrom succeeded a guy that lied to congress about how much money he made (it's on youtube!) and was quickly sent home back to Australia.
I mean, that much money to run THIS: http://rs79.vrx.net/opinions/ideas/internet/domains/eyestar/i [vrx.net]
makes enough doing so that bribery is not a major source of income.
After a certain point, higher salaries actually tend to be indicative of a greater likelihood of bribeability. Someone who is interested in the work first, and money only as a means to an end, is relatively unbribeable. Someone who is only willing to do the work if the price is right is willing to do anything if the price is right. And there's always someone who can offer more than the salary, no matter how high you set it.
Woman at the bar to man next to her, "$100? I wouldn't sleep with you for $200!"
"Okay," says the man. "How about $300? We already know you're a whore, now we can haggle price."
Please do note nothing on talent or skill is addressed.
I dunno, but ICANN seems to have been screwing up by the numbers of late. I realize non-profits can be a great dodge for the upper crust, but $800k to facilitate extortion for silly domains? And competence is still not addressed.
Pay for performance is only a world wide metric if you consider the song and dance performances corporate officers give to justify their obscene salaries.
Seriously their only real job skill is selling their own self worth to their bosses, or board of directors.
... and I'll start tomorrow!
Except I'd tell the UN, with their grabby little paws, to get stuffed so probably I don't qualify. Oh, and the offices are moving from LA to Bermuda or Grand Cayman.
Oh, and I outsource registration for the new TLD's to existing registrars with good track records, so people don't need to use ICA clients to virtual machines with dubious availability to fill out forms.
OK, one more: I reduce the ICANN fees by 75%, but only after there's enough money to build a 50' monument to Jon
Based on your low slashdot ID you will do a better job too.
This guy is being paid way too much. ICANN is behaving irrationally by paying this much money, this reeks of corruption.
Yeah, I mean, he has to run the business unit, ensure that sales and marketing are doing their jobs and that products are delivered to stores. Oh wait, HE AIN'T running a business at ALL!
People keep trying to rationalize these salaries as if there is some CEO shortage. Really it all about the good ole boy network and I will pad your salary and you pad mine. I remember after the banking crash in 2008 and they had someone reviewing salaries at banks. Every banking officer claimed that they were above average and deserved a raise!
I tell you what, lets set some goals for this guy as a CEO and if it meets them then he can have his huge salary. Otherwise this is just a welfare check to the overpaid.
I'm curious: how much do you think that someone who runs the internet should be paid?
Keep in mind that many parts of it are now the commercial/communication/entertainment hub to the world.
Do you think it should be less than priceline.com ($50M), Qualcomm ($36M), Viacom ($31M), Time Warner ($20M), and eBay ($15M). Presumably, he has the skillset to do most of these jobs. Microsoft clocks in at $1.4M, so he is making roughly half of that...
He isn't exactly getting stock options to sweeten the deal...
I find
> I'm curious: how much do you think that someone who runs the internet should be paid?
How much is enough?
Keep in mind: Greed has no limit.
Same for any job. Enough to be immune to luring away (or bribing) from the competition. Enough to afford for the individual's set of skills. Enough to be commensurate with responsibility.
The CEO of NPR makes $450K/year. The CEO of Unicef makes $473K/year. The CEO of the American Red Cross makes $1M/year. The CEO of the Boys & Girls Club makes $1M. This list could go on.
I would, however, say that the role of ICANN is more important, requires a higher skillset, and is more likely to be bribed than
Enough to be immune to luring away (or bribing) from the competition.
Greed knows no limit. Somebody demanding an $800k per year salary could easily be bribed for a few million if they are prone to being bribed. What's really silly is just how little people can be bribed for, people who could afford the things they are being bribed with.
The CEO of NPR makes $450K/year. The CEO of Unicef makes $473K/year. The CEO of the American Red Cross makes $1M/year. The CEO of the Boys & Girls Club makes $1M. This list could go on.
The list just shows that CEOs are overpaid. Nothing new there. A CEO just needs to be a competent manager, and there are plenty of them around.
"A CEO just needs to be a competent manager, and there are plenty of them around."
Funniest thing ever said on slashdot!!
Despite the Dilbert mentality techies like to have about managers, I've known several good managers who were smart people and good at what they did. I've known some bad ones, too, but the same could be said about my tech colleagues.
The problem is that the management competence is not enough to be a CEO. You must have a close relationship with big players in finance that will set the goal of the amount of money there expect to extract from your business. The CEO salary, from there point of view, is just a small return on the massive profit there expect to get.
So if you don't have a plan to be very profitable, you will not be selected as CEO. If you ever get selected, this is because you promise massive profit and naturally expect a big
There ARE plenty of competent managers around. They just never get to the position of CEO, since they don't spend enough of their time backstabbing their coworkers.
If you're hiring someone you feel you need to make 'immune to luring away (or bribing)' you're hiring someone you already know is bribable and who you know would leave you for a larger salary. That rather sounds like a mistake.
Frankly I'd wager it's more a case of paying him enough that he'll pay you or your friends more when he's a member on the board of the company in which you're applying for the CEO position.
Most high paying corporate jobs have less to do with skills than with membership in the boys clu
I'm curious: how much do you think that someone who runs the internet should be paid?
2.718 times the average industrial wage.
I believe that's somewhere in the region of $135,000, but I don't have exact figures for the median US wage. The multiplier is obvious.
Do you think it should be less than priceline.com ($50M), Qualcomm ($36M), Viacom ($31M), Time Warner ($20M), and eBay ($15M).
Yes. Moreover, I think that such salaries should not be permitted in publicly listed, limited liability companies.
Presumably, he has the skillset to do most of these jobs.
A screaming money casting its dung around the office probably has the skillset to run run them as well, since running them into the ground appears to be the only thing modern CEOs actually do in return for their compensation. That and engage in crime, but I digress.
I find that I am comfortable with this number.
Then doubtless you will be comfortable with the corresponding increase in your tax bill required to pay for it and the multitude of linked salaries. Moreover, you will of course be perfectly contented in seeing your own wages decrease in value of in real terms to support the increasingly bloated and unearned salaries of the class you so admire. Enjoy your banana republic.
You had my interest until you suggested RMS running the internet. 800k is a bargain if that is the compitition.
Dude, he doesn't "run the internet". His job, apparently, is nothing more than finding new ways of polluting the gTLD namespace. If he didn't turn up for work for the next three months, the internet would not suddenly collapse.
" If he didn't turn up for work for the next three months"
You think the CEO actually turns up at the office? Hahahaha, you haven't checked, have you?
Congress was surprised to find this wasn't true either: http://www.youtube.com/watch?v=qnjgqrx3Wmc [youtube.com]
I'm curious: how much do you think that someone who runs the internet should be paid?
Someone who runs the Internet? A hell of a lot! And there should be multiple redundant copies of him!
The head of ICANN? Much less.
"I'm curious: how much do you think that someone who runs the internet should be paid?"
He doesn't run the Internet. He heads up the company that for a decade has blocked the development of new top level domains for the trademark lobby/mpaa/riaa. This could have all been finished in 1998/1999.
Notice the Internet ran fine - and grew - before ICANN? And that since the there have been very few innovations and development. Just the way the intellectual property lobby wants it.
ICANN. Doesn't. Actually. Do. Anythi
Competition for qualified talent is difficult at the CEO level.
Says who?
Says the people deciding on the pay checks, obviously.
$800,000 isn't even all that much, when you're talking about executive pay. That's probably less than 10 times what an engineer at ICANN would make. In contrast, the average CEO made 380 times [cnn.com] what the average worker made in 2011.
the average CEO made 380 times what the average worker made in 2011.
No. The average CEO made far, far less than that. The figure you quote is only for CEOs of 300 of the largest public corporations. It doesn't include the millions of smaller corporations.
Apparently, you're right if you count only the salary, in which case a CEO makes roughly 90 times the worker salary. If you include all income, it is close to 500 times the worker salary. Sorry, but I don't see how this can be justified in terms of productivity or management skills or whatever.
In 1970, CEO salary and bonus packages were typically about $700,000 - 25 times the average production worker salary; by 2000, CEO salaries had jumped to almost $2.2 million on average, 90 times the average salary of a worker, according to a 2004 study on CEO pay by Kevin J. Murphy and Jan Zabojnik. Toss in stock options and other benefits, and the salary of a CEO is nearly 500 times the average worker salary, the study says.
From here [payscale.com]
Don't forget the 4X a year first class flights to five star hotels for a week for "meetings".
$800,000 isn't even all that much, when you're talking about executive pay.
We're talking about an honorific position here, of someone who should be listening to the world. We aren't talking about the CEO of a big corp/bank making billions. Oh and when we're at it: even bankers shouldn't get that much. Let's put it this way: for ANY position, this is too much money, yet even more in the case of ICANN, where it should be a charge rather than a gift.
You should have used sarcasm tags.
The thing I've seen over the years is that the good CEOs make a big difference for their companies. With the effects of their decisions being as important as they are they can swing billions of dollars one way or another.
The bad ones can ruin a company, or at least drive it into the gutter.
The problem is that both the good and bad get extremely high pay, and only the good ones are worth it.
The way CEO incentives work is all wrong.
Then the way boards and CEOs interact is often broken too.
Sadly, the "qualification" is not the ability to competently run something, but rather, the membership in the special club which may or may not correlate with actual competence. For instance, Carly Fiorina....
Do you really believe, that in a nation of 300M people, that we couldn't find people willing and capable to do almost any administrative job for far less than 800k in total remuneration?
The "hire a great CEO" problem is very similar to the "hire a great programmer" problem.
The real deal in both roles commands a huge salary, and is totally worth it. The trouble is, if your company doesn't already have one, it has no expertise to judge if the person they want to hire is worth the money.
The second-rate software company that hires a $500/hour consultant is no different from the big firm that hires a $5000/hour CEO. They have little ability to judge skills, and so tend to get suckered by a smooth, well-groomed candidate.
The firms with the expertise in place (e.g. Google for technical hires, Goldman Sachs for management hires) do not make this mistake, and shell out big bucks for the people who are actually worth it.
Speaking of "technical", how wise do you think this all Miscroft shop really is?
This came out just now: http://www.icann.org/en/news/announcements/announcement-23jun12-en.htm [icann.org]
If you think ICANN is the "best and the brightest" or "runs the Internet" then you don't understand life on this planet.
John Postel used to do the same job of ICANN CEO and an entire swathe of their senior management for free. That was only 20 years ago.
While the net may have increased in scale since then, its complexity has not, and its has not grown to the point where someone needs to be paid $800,000 a year plus bonuses etc just to keep it all ticking over.
As for the "competition" at the CEO level; while there is indeed a worldwide race to the very bowels of vapidity, fecklessness, and incompetence in this field, again, the cream of this crop are not worth paying $800,000 a year for.
20 years ago most of the management was goverment or education organizations. Postel was employed by the University of Southern California.
Wasn't free, it was a $15K/yr "part time task".
Biggest mistake Jon ever made, because when the government gave him this money that was all the excuse they needed to claim aegis over it.
That's what happened. I was there. I saw this.
Competition for qualified talent is difficult at the CEO level.
That's why we should have a H1-B program for CEOs.
I'm sorry, but GM's CEO is not 34 times more talented or more qualified than Toyota's CEO. I say we outsource all our CEO positions to Japan.
If someone can run ICANN they can run a lot of other stuff too.
Yes, they can probably run Fannie Mae.
It must be really difficult to run a government-granted monopoly as if it were your own private domain. With an almost unlimited budget, it must be really difficult to hire consultants who are going to do all the work for you.
Q: Why do you pay your CEO so much?
A: Because ICANN.
Dude, the guy doesn't fucking 'run the internet.' Nobody runs the internet. It's like a flame, it's a manifestation.
I just changed my computer to OpenNIC's DNS servers and now I see this
They got all those millions selling useless TLD's, they have to spend it somewhere.
To to be honest, I always thought that it would be a good idea if you could have a carname.gm or carname.ford or item.microsoft, or routername.cisco, siri.apple instead of
But then again, for duplicate companies and all that the
People can easily set their own bookmarks, so why can't they be given tech that allows them to safely modify their own hosts files, or maybe given the addresses to private name servers?
I agree with you. I honestly don't get why we all have to use the same naming scheme.
I would prefer countries be given gov.country, as opposed to the other way around.
They got all those millions selling useless TLD's, they have to spend it somewhere.
That might have something to do with it. They are a non-profit who used their granted monopoly to make millions ( at least ) by selling text strings for obscene amounts of cash.
Isn't it time we replaced the whole messed up DNS setup and got these nasty people off our Internet?
Average pay for a S&P 500 CEO was 10.7 million in 2007.
This guy has all those tubes to worry about.
This guy has all those tubes to worry about.
I think 800k is quite above average for the CEO of a plumbing company!
Or am I the only one who first read it that way?
What does ICANN actually do, anyway?
I mean, besides supporting various tourist economies with their biweekly meetings in exotic locations...?
By chance did they hire the pointy-haired boss from Dilbert?
Couldn't have. His ineptitude is at least entertaining.
By chance did they hire the pointy-haired boss from Dilbert?
Couldn't have. His ineptitude is at least entertaining.
The ineptitude of the bosses of ICANN can come across as entertaining - until of course you realize that the idiots making the unbelievably stupid and short-sighted decisions are supposed to be "experts".
Running the Internet is easy. All the work is done on remote routers during the early morning hours on weekends by a race of Nibelung living their moms' basements. Or so the ancient Saga claims.
Inventing the Internet must have been a bitch and a half. We all probably owe someone gazillions in Intellectual Poopery fees for doing that.
Some people here seems to agree that 800 kUSD is a reasonable income. The problem is that excessivve income are hamrful to real economy. The sums required to pay such a salary are taken from real economy and are too big to return to it as good consumption or real economy investements. A lot of this money will end up in financial economy, feeding bubbles and preparing the next burst.
Moreover, who can claim his work cannot be done by someone else for less than 800 kUSD? Such an income is not necessary to ge
Excessive CEO salaries are primarily harmful to the companies that pay them; the "real economy" reacts by buying cheaper products (say, from China).
These salaries only become harmful if they are coupled with government-granted monopolies that destroy market mechanisms, as they do for example for ICANN (goverment license to fiddle with the Internet), and Apple/Microsoft (patents).
Excessive CEO salaries are primarily harmful to the companies that pay them; the "real economy" reacts by buying cheaper products (say, from China).
That runs small SMB out of business and destroy jobs, I think this is indeed a damage to real economy.
Hey Vint (Just in case your reading)
I don't know his renumeration, but between pension, shares and the rest, he's gotta be coming close to this number.
There was a number of
I've seen people in purchasing (I don't
You don't pay the heads of powerful regulatory agencies big bucks because their job is difficult. You pay them well to ensure that they are difficult to bribe.
It's true that some of the corporations who'd stand to gain from bribing this guy can drop $800K like it's pocket change, but the larger the bribe, the harder it is to hide.
"You pay them well to ensure that they are difficult to bribe."
You have't looked at Twomey's record in much depth have you. Codeword: Tina.
Sigmund Freud is alleged to have said that in the last analysis the entire field of psychology may reduce to biological electrochemistry.


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2010 Softball
Bluffton enters 2010 campaign with high expectations
February 3, 2010
By: Josh Bruner, sports information assistant
Click here for pre-season HCAC coaches poll
BLUFFTON, Ohio - The Bluffton University softball team will enter the season with high expectations as the 2009 Beavers finished second in the Heartland Conference, tied with Defiance College. Bluffton finished the season with a 30-13 record, the best mark in school history, en route to being ranked fourth regionally by the NFCA. The Beavers placed third in the HCAC tournament after dropping a 1-0 decision to host Transylvania.
Head Coach Heather Bruder returns for her fourth season with the Beavers. Bruder enters the season with an overall record of 69-47 at Bluffton, including a 34-13 mark in the HCAC. She was named HCAC Coach of the Year following the 2008 season. Bruder will again be joined by second-year graduate assistant coach Paul Burnside.


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Ex-Penn State assistant coaches sue for $1 million over being linked to Sandusky scandal
(CNN) — A pair of former Penn State assistant football coaches, including the son of the late head football coach Joe Paterno, have filed a federal lawsuit seeking $1 million in damages from the university.
The suit claims that plaintiffs Jay Paterno and Bill Kenney were unfairly linked to the Jerry Sandusky child molestation scandal, which eventually led to the firing of Joe Paterno. Jay Paterno and Kenney were also dismissed from their coaching positions.
"Penn State reacted in mid-January 2012 with rashness and without basis by prematurely releasing from Penn State's employment the majority of the Penn State football coaching staff, including the employment of (Jay) Paterno and Kenney," the complaint states.
After Joe Paterno's firing in November 2011, new head coach Bill O'Brien decided not to retain Jay Paterno and Kenney on his staff.
Since their dismissal in January 2012, the lawsuit claims, Jay Paterno and Kenney "have been denied lucrative employment opportunities based upon the false light and association by innuendo."
The two are seeking $1 million in damages "in compensation for their emotional distress, humiliation, loss of reputation and status in the community of their respective peers, and the loss of their ability to provide for themselves," the complaint states.
They also want Penn State "to issue a public statement confirming that neither of plaintiffs committed any wrongdoing or impropriety of any kind in connection with the crimes and misconduct of Sandusky, and/or Penn State's handling of Sandusky's crimes and misconduct in any way, shape or form."
Penn State issued a statement Tuesday saying "it is common practice for incoming head coaches to select their own coaching staff," according to PennLive.com


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The Basil Gilchrist Unit of the Boys & Girls Clubs of Northeast Alabama has new leadership, and Garrett Rule and Travis Davenport have big hopes for the future.
The Basil Gilchrist Unit of the Boys & Girls Clubs of Northeast Alabama has new leadership, and Garrett Rule and Travis Davenport have big hopes for the future.
Rule is the new unit director for the club and started about two weeks ago. Travis Davenport, the new program director, has worked for the organization for two years, but moved to his current position about the same time Rule was hired.
"That's the awesome thing about this, we come in here and look around and there's so much opportunity here," Rule said. "The biggest thing is I want to get the community involved and get the parents involved."
The new faces have had an impact on the children.
"You can tell it's been hard on the kids," Rule said. "It's like a getting a new coach on a football team. You have to go through that transition."
While it may be difficult for the children, they aren't staying away from the Gilchrist unit. In fact, attendance has increased since the transition began. The center has an average daily attendance of 68 and there are 135 total students.
Davenport relates well with the children because he had a difficult life as a child. He lost his mother when he was 14 and knows what it is like to not have anyone at home. This is why his primary focus is doing everything he can for the children.
"I like to be hands-on with the kids," he said. "We want to be at the top of the clubs to be recognized. Not just statewide, but we also want to be recognized nationally."
Davenport said his job isn't about money, it's about making a difference in the life of a child. His paycheck comes when he sees those bright, smiling faces saying the words "I want to see Mr. Travis!"
Davenport said he's from a rough part of New Jersey, where lots of young people wind up dead or in prison. He wants to impart what he knows, what he has learned in life, so the children don't head down a similar path of self-destruction and ruin.
Rule said he knows what it is like to go through a divorce as a child. He also relates to a lot of the children, because he knows what it is like to grow up without a father figure and without a lot of opportunity. He also knows what it is like to get into trouble and come back, stronger than before.
"A lot of my decisions led me into some places that were hardships," Rule said. "When I see these kids, I see us as a team (and) we can fulfill those things."
Davenport and Rule said their primary goal is to make the children feel safe and loved. They want the Boys & Girls Club to be a place where children can go to escape their problems and also find solutions to them. They hope to accomplish this with love, and think they will be successful because they care.
"(Love is) poured into your life, you receive it and you give it back," Rule said. "The only way you can keep it is to give it away."
There will be a reception to introduce Rule as unit director from 5 p.m. to 7 p.m. Tuesday at the Gilchrist Boys & Girls Club, 600 Black Creek Road.


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The Sterling Public Schools is poised to leave the Bi-County Special Education Cooperative.
That may sound like a bunch of bureaucratic mumbo jumbo, but this pending divorce could have some real effects. Years ago, districts started these cooperatives so that they could provide better services to children with special needs.
The co-ops spread the high expense of special education among a number of districts; though economies of scale, they can reduce per-student costs. It's especially expensive for smaller school districts to provide such services, which is why cooperatives are so important for students and taxpayers.
It turn out, though, that bigger districts are often subsidizing smaller ones.
That's why the larger ones sometimes leave the cooperatives, as the Sterling district is considering doing. That's also why the cash-rich Byron district left the Ogle County Educational Cooperative.
Drew Hoffman, the head of the Bi-County Special Education Cooperative, is optimistic that Sterling's departure wouldn't have much impact.
But when the biggest district leaves, it'll certainly hurt the more rural ones – and their special education students.
This is more than just a local issue. It goes to the heart of Illinois' school financing problem.
According to a recent study, Illinois was among the least equitable states for school financing.
The funding per student for a district with no poverty is $11,082, more than a district with 30 percent poverty, $9,662, according to the study.
If anything, students in high-poverty districts need more money. And some states make sure that happens – by having nearly all school tax revenue go to state coffers, where it's divided up based on a per-student funding formula.
Often, that funding formula includes more money for each special education student, which makes a lot of sense.
In Illinois, a large portion of school funding comes from local property taxes. In a poorer district, that means less money for the schools, putting students at an immediate disadvantage.
In the 1990s, the state tried to address these inequities through general state aid, intending to make sure each district had a minimum amount of money for each student. According to the state Illinois School Board of Education's website, that aid provides about 65 percent of funding for schools. But that minimum amount is falling, especially in light of the state's overwhelming pension obligations.
Under a state funding formula, richer districts end up subsidizing poorer districts. In special education cooperatives, some members inevitably put in more than they receive.
The idea behind all these subsidies is simple: Each student gets an equal opportunity.
David Giuliani is a reporter for Sauk Valley Media. He can be reached at dgiuliani@saukvalley or at 800-798-4085, ext. 525.


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Application & Award ProceduresFinancial Aid
Application Procedures
Receiving a Financial Aid Award
- Students are encouraged to apply for financial aid as early as possible.
- Students applying for financial aid must complete a Free Application for Federal Student Aid (FAFSA).
- The FAFSA form simultaneously permits application for the Federal Pell Grant.
- New York State residents must complete a separate application for the Tuition Assistance Program (TAP), which will be sent by the New York State Higher Education Services Corporation (NYSHESC).
- The TAP application may also be submitted separately (after submitting a FAFSA) here: www.tapweb.org/totw.
- Additional federal aid and state aid are also available.
Receiving a Financial Aid Award
- Financial aid award letters will be available on Web for Students for accepted students who have a FAFSA on file with the financial aid office.
- Financial aid priority is given to students with the greatest need (as determined by the FAFSA).
- The financial aid award letter will list the estimated Pell Grant and TAP awards.
- The college may also offer additional loans or grants.
- The college may recommend that students meet their needs through a Direct Loan.
- Students may receive information about the Parent Loan for Undergraduate Students (PLUS) if they are still unable to meet college costs.
- Dacia L. Banks
Director of Financial Aid
(315) 684-6289
- Christine A. Krause
Assistant Director, Financial Aid
(315) 684-6289
- Anne M. Bradley
Office Assistant 2
(315) 684-6289
- Danielle E. Emeny
Financial Aid Counselor
(315) 684-6289
- Lakeva C. Williams
Financial Aid Counselor
(315) 684-6289


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Cinematic track for strings, harp and piano that expresses deeply felt sorrow for the passing of one held dear to one's heart. It is very moving and would fit well with any scene where one is sorrowful, particularly over the loss of another.
High quality WAV and MP3 files are included!


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A Danielson man faces a lengthy list of charges after he allegedly assaulted and attempted to strangle his girlfriend, detained her at knifepoint, held another person at gunpoint and then threatened to take his own life when he was confronted by state troopers Saturday night.
A Danielson man faces a lengthy list of charges after he allegedly assaulted and attempted to strangle his girlfriend, detained her at knifepoint, held another person at gunpoint and then threatened to take his own life when he was confronted by state troopers Saturday night.
Paul M. Carrier, 30, of 170B Maple St., is scheduled to be presented today in Danielson Superior Court on 14 separate charges.
Police said they received a 911 call at 7:24 p.m. Saturday from the resident of an apartment on Upper Maple Street reporting a domestic disturbance at Carrier's second-floor apartment. The female victim, who had been in the apartment with Carrier but was not identified by police, had fled to a first-floor apartment to get away from Carrier, police said.
The woman told troopers Carrier had assaulted and choked her, threatened her and held her against her will, some of the time at knifepoint. The woman said a restraining order had been issued against Carrier, who had left the scene by the time troopers reached the Upper Maple Street address.
Within minutes, police were alerted by a resident in the area of Prospect Avenue and Williams Street that a man was holding people at gunpoint outside a nearby residence.
According to police, troopers Ethan Tanksley, Howard Smith and Brett Langevin sneaked on foot to the neighborhood and spotted Carrier holding a handgun, but not pointing it at anyone at that time. When Carrier realized the troopers were there, he put the barrel of the gun into his mouth and threatened to take his own life.
Threatened suicide
The troopers drew their own guns and ordered Carrier to surrender. Carrier refused to put down his gun and approached the troopers to within an arm's length while still holding the gun in his mouth and threatening to kill himself, police said.
Tanksley was able to grab the arm with which Carrier was holding the gun, while Langevin jammed his own thumb behind the trigger of Carrier's gun, preventing the gun from firing. Carrier tried several times to squeeze the trigger of the gun without success, police said.
As the two troopers struggled to subdue Carrier, Smith ushered bystanders to safety.
Police eventually were able to get the gun and subdue Carrier without further incident.
Police said Carrier had stolen the loaded gun from his father's residence and had held a random victim at gunpoint, placing the barrel of the gun into the person's stomach while demanding alcohol.
There were children playing nearby in the street when the gun incident occurred, police said.
Police charged Carrier with second-degree unlawful restraint, third-degree assault, violation of a protective order, third-degree strangulation, second-degree threatening, second-degree breach of peace, theft of a firearm, criminal attempt to commit first-degree robbery, first-degree reckless endangerment, criminal possession of a firearm, criminal use of a firearm, carrying a pistol without a permit, interfering with a police officer and two counts of risk of injury to a minor.
He was being held on $300,000 bail pending his court appearance.


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April 9, 2005
NEW HAVEN, Conn. - Holly Mazar has been elected captain of the Yale women's swimming team for the 2005-2006 season. Mazur, who hails from Whitby, Ontario, came to Yale from the Peddie School in Hightstown, N.J.
At Peddie, she was a high school All-American in the 100-yard breaststroke. Before coming to the U.S., Holly was nationally ranked in Canada in the 100m breaststroke (top 25) and the 200m breaststroke (top 50). She was also a Junior and Youth National consolation finalist as well as a Provincial Championship medalist in both breaststrokes.
As early as her sophomore year at Yale, Holly was a consolation finalist in both the 100 and 200 breaststrokes at the Ivy League Championships. In her junior season at Ivies she had a time of 2.22.71 in the 200 breaststroke.
Mazar chose Yale for her college experience because of its strong academic and athletic reputation. She is an art history major and aspires to become an architect. She is a huge sports fan and enjoys supporting her favorite team: The Dallas Cowboys. In her spare time Holly enjoys shopping, traveling and dancing. The athlete she most admires is Canadian Olympian, Anne Ottenbrite. Holly has a younger brother Alex, who attends McGill University.


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The Miami Marlins reinstated outfielder Chris Coghlan from the 15-day disabled list on Sunday.
Over 51 games this season, Coghlan is batting .277 with one homer and 10 RBI.
Additionally, the Marlins recalled pitcher Chris Hatcher and selected the contract of pitcher Zach Phillips from Triple-A New Orleans.
Hatcher appeared in one game for the Marlins earlier this season and surrendered six runs -- five earned -- on four hits and four walks in one inning.
Phillips has appeared in 50 games at New Orleans this season, going 4-2 with a 2.44 earned run average and one save.


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LAKEWOOD (AP) — Officials have suspended a New Jersey kindergarten student after they said he threatened to bring a gun to class.
Police were called to Lakewood's Spruce Street School on Tuesday afternoon.
School Superintendent Laura Winters tells the Asbury Park Press the five-year-old boy received a two-day suspension. She declined to provide more information about the threat or the student.
Winters says this was the first time such an incident has happened with a kindergarten student.


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KAUFMAN, Texas (AP) - A North Texas police chief says he doesn't have any information suggesting that a top-notch prosecutor feared for his life before he was fatally shot outside his office.
No arrests have been made since the killing Thursday of Mark Hasse, an assistant district attorney in Kaufman County.
Kaufman police Chief Chris Aulbaugh says investigators continue to examine the crime scene and sift through Hasse's cases in hopes of finding a person of interest in his death.
Aulbaugh said Friday that there is no indication of any fear on Hasse's part before he was killed.
The slaying of 57-year-old Hasse rattled prosecutors across the state and angered those who worked with him in Kaufman, located 33 miles southeast of Dallas.
The reward for information in the case has reached nearly $65,000.
(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)


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What is a Nuru Massage?
Nuru Massage is a full body-to-body sensual massage that is performed between two people with a unique type of gel often called nuru gel or simply nuru. Before the ritual begins, the masseuse pours generous amounts of the special lotion all over the recipient's body. The masseuse slides his or her body along the other body, which rubs muscles and relieves tension. Often, both parties switch the roles of masseuse and recipient to make the session really interesting and arousing! The feeling of the remarkable Nuru Gel is sensational and makes both bodies feel extra sexy. The word nuru originates from the Japanese language, which means "slippery."
What is Magic Gel®?
Magic Gel Nuru Massage Gel brings you the most extraordinary components of a full wet body massage, with it's 98% Natural Formula, from the luxury spa to your own home. The Authentic Nuru Gel formulated in the USA contains the powerful moisturizing nori seaweed, chamomile, and grapeseed extracts. It is a clear, tasteless and deliciously slippery nuru gel – perfect for a wet and steamy body-to-body nuru massage. This amazing moisturizer gel makes your body look and feel shiny and sleek, while leaving your skin harmoniously hydrated after a sensual body rub session.


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- Home
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Some consider her the icon of the age and worship at her shrine. Others find her to be oppressively present. Oprah Winfrey is obviously an impressive force in promoting ideas, books and people.
One of her more recent ventures was a series that confronted the topic of a debt-ridden people and the impact this raging disease has had on society. The professionals Winfrey engaged as presenters challenged the debtors—and by extension all of us—to change lifestyles.
If you currently subscribe or have subscribed in the past to the Brunswick Beacon, then simply find your account number on your mailing label and enter it below.
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Baron Davis had 23 points, Chris Kaman scored 20 and Marcus Camby was on fire under the glass with 25 boards along with six points to lead the Clippers to the 104-97 win over the Chicago Bulls at home.
The Clippers (19-22) used a strong second quarter to go ahead of the Bulls (18-22) , who had taken a 26-19 first quarter lead. Los Angeles outscored Chicago 31-21 in the second and then out-gunned the Bulls in every other quarter.
Derrick Rose led Chicago with 23 points and had seven assists, while Luol Deng had 19, Tyrus Thomas scored 18 and Joakim Noah had 14.


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The Washington Nationals have agreed to terms on minor league contracts with invites to spring training with pitcher Jeremy Accardo and catcher Chris Snyder.
Accardo spent the majority of the 2012 campaign with Cleveland, but was released in August before signing with Oakland as a free agent.
In 27 combined games, the 31-year-old right-hander did not register a decision while posting a 4.82 earned run average with 29 strikeouts over 37 1/3 innings.
Snyder, 31, appeared in 76 games with Houston last season and batted .176 with seven home runs and 24 RBI.
The nine-year veteran is a career .225 hitter with 77 homers and 297 RBI over 706 games with Arizona, Pittsburgh and Houston.


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Office Space to Rent near Woking
We have a variety of serviced offices available to rent in Woking. Each office space is offered at the best rates and suited to your individual needs and requirements.
We have a variety of serviced offices available to rent in Woking. Each office space is offered at the best rates and suited to your individual needs and requirements.
This is a new, flexible co-working office (with additional private offices) in the centre of Woking, only moments from the station and shops. Newly refurbished, the bright and spacious workspace includes: a meeting room, lounge, cafe-style kitchen and break out areas. There are three private offices to accommodate 4, 5 and 9 desks. All inclusive price includes: superfast fibre optic broadband, business rates, electricity, tea/coffee, beers on Friday, meeting room hire, lockers, parking and networking events.
A modern office building over 4 floors, together with on site parking. A receptionist is on duty full time and a broad range of facilities are available to occupiers on a flexible basis.
This business centre located in Woking offers free 24 hour access via a state of the art pin code entry system and key cards. All spaces are covered by CCTV and have use of a manned reception during working hours Monday-Friday. All offices come with 1 parking space and tenants will be responsible for their own internet and phone lines.
There is a variety of offices ranging in sizes from 1 – 30 people available on short flexible terms. All offices come with air-conditioning and category 6 wiring accessing a 5000mbps resilient fibre circuit with dedicated and uncontended bandwidth available. Tenant facilities include meeting rooms, kitchenettes, toilets, 24/7 access, cleaning, CCTV, not for profit VoIP and photocopier/printer services and sound/video studios.
This business centre is located on one of Surrey's premier business parks, in an area popular with leading IT companies. The building itself features a full height glazed atrium and enjoys a woodland setting overlooking extensive parkland. This building provides superb fully serviced office space on flexible terms, with air conditioning, reception staff and support teams, kitchen areas, state-of-the-art technology and on-demand meeting rooms provided as standard. This centre offers all-inclusive pricing, so you can move in with peace of mind that there will be no unexpected costs each month.
Offering various office sizes with bespoke features that suit your budget and meeting needs. Car parking, on site storage space, easy access and IT connectivity available. Enquire today!
Situated in a prestigious new parkland development, the centre is arranged over two storeys and specialises in providing offices for small, growing businesses, or as a Guildford base for a local branch office. The centre offers the following on-site services: high-tech telephone and internet systems; IT networking and communications; IT support and installation services; business development mentoring; sales and marketing support; and full administrative assistance.
Value for money serviced offices in Longcross near Chertsey. Perfect for start-ups & small businesses. Fully refurbished and offering quality modern accommodation in a traditional building. Affordable, flexible terms - no rates, utility bills, maintenance charges or hidden extras. Fully furnished - one to five desks per suite. Accessible 24/7. High speed internet & digital phone technology. Ample free parking. Licence not lease - no legal or surveyors fees. This centre is proud to announce the opening of The Studio - made up of 3 offices suiting from 1 to 4 desks, with amenities.
This Business Centre gives you the freedom you need to run your own business effectively. From multi-nationals to SMEs, whether you're expanding, downsizing or taking on new projects. The centre is set in its own landscaped grounds at the entrance to Brooklands Business Park where several multinational corporations are headquartered. It provides fully equipped suites, quality offices, hi-tech facilities and support from a team of friendly and professional staff ensures that you can avoid the day to day hassle of running an office leaving you free to concentrate on your business. Clients at this centre enjoy access to a free shuttle service to Weybridge rail station and town centre. 1 Month Free Business Bundle - Free Local & National Rate Calls, Free Broadband Internet, Free Meeting room hire. T&Cs apply. Please ask when enquiring.
Located close to the centre of Guildford, this business centre is situated on a popular business park that has immediate access to the A3. Serviced offices are furnished to a high standard, with the additional benefit of reception staff and support teams, access to on-demand meeting rooms, state-of-the-art IT and telecommunication systems, kitchen and break-out areas and car parking. This centre offers all-inclusive pricing, so you can move in with peace of mind that there will be no unexpected costs each month.
Below you can see the nearest areas to Woking where you can find serviced offices:


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Apple floats iCloud for 'email, music, and beyond'
iTools .Mac MobileMe iCloud
Apple is preparing beta versions of iOS 5.0 and Mac OS X Lion that hook into a service called iCloud, which will let users store and synchronize a wide range of data on Apple servers, according to report citing people familiar with the matter.
Earlier this week, a separate report said that Apple had recently purchased the iCloud.com domain for $4.5 million from Swedish outfit Xcerion. Tellingly, Xcerion has moved its desktop-as-a service offering from iCloud.com to CloudMe.com.
Now, AppleInsider reports that Apple has started using the iCloud moniker with several products under development within the company. According to the fanboi site, iCloud will let fanbois store and synchronize the same sorts of data they can now sync through the Apple's MobileMe service, including email, bookmarks, contacts, and calendar events.
Some reports have indicated that iCloud is primarily designed for music, but AppleInsider says that the scope of the service is much broader and that it could be part of a revamped version of MobileMe. In other words, it would appear that Apple is once again rejiggering and renaming its collection of internet services. First, iTools gave way to .Mac on the desktop, and then .Mac morphed into MobileMe with the arrival of the iPhone 3G.
iCloud will apparently take advantage of the $1 billion data center Apple is building in Maiden, North Carolina. The company has said that the facility will handle future versions of MobileMe as well as iTunes. ®
Sponsored: Minds Mastering Machines - Call for papers now open


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On Tuesday, October 2nd MBBP is hosting a joint event with McGladrey, LLP on the 2012 round of the MLSC Tax Program. In order to expand life sciences-related employment opportunities, promote health-related innovations and stimulate research and development, manufacturing and commercialization in the life sciences, the Massachusetts Life Sciences Center is offering tax incentives in 2012 to companies engaged in life sciences research and development, commercialization and manufacturing in Massachusetts. The Life Sciences Initiative authorizes the Center to award up to $25 million in tax incentives each year.
The primary goal of the Program is to incentivize life sciences companies to create new long-term jobs in Massachusetts. To qualify companies must receive certification from the Center and must demonstrate both the scientific and academic merit of their expansion plans.
You won't want to miss this chance to get details and answers to your questions with Program speaker Brad Rosenblum, Chief Financial and Administrative Officer for the Massachusetts Life Sciences Center. Mr. Rosenblum is responsible for MLSC's Finance, Information Technology, Human Resources, Risk Management and Facilities, and has over 20 years finance experience with public and private companies in various roles.
For more information, directions, or to register, please visit the event page: Information Session – Life Sciences Tax Incentive Program.


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Very interesting. I find it reassuring to see statistics detail out that ND and Ohio are not as good as their records. Fortunately Ohio is on probation so we don't have to see the two lucky teams play for the national title.
The Luckiest Teams of 2012
going 12-0 is a often a recipe for this, but especially this year
With the pre-bowl season officially under wraps for 2012, it's time for my annual review of teams whose record most greatly deviated from what it "should" have been.
To (attempt and fail to) avoid confusion, here is how I define Luck for this exercise.
What I Am Measuring
Luck can mean a lot of things but for this, I am comparing a team's actual wins this year versus taking their opponent adjusted performance and re-simulating the season with the exact same schedule. Two teams who play a tightly contested game are roughly the same on that Saturday. Over a long horizon these wins and losses tend to even out but over a 12 game season there will always be teams whose final records don't quite match how they played throughout the year.
What I Am Not Measuring
I am not looking at any preseason expectations. I am not looking at how each team did versus the recruits on their team. Those two would look at over-achieving teams of 2012 more than lucky. I am not going back to individual games or plays to look at if one or two games would have been different. I am also not looking at injuries on personnel changes throughout the year.
Think of this exercise as a sort of Pythagorean Wins for College Football. A lucky season is a great one to have for a fan, because no matter what the expected value is, the end result is all that matters in looking back. But like Pythagorean Wins, "Luck" is a great starting point for looking ahead. There are a lot of different ways to get to the same record. Last year Texas A&M had the most unlucky season in the country and was nearly 4 games below their performance. Kevin Sumlin did a great job this year and having the Heisman Trophy winner certainly helped, but Sumlin's team was in a much better position than their prior year's record would have indicated.
Teams with great records are rarely unlucky and vice versa. The formula is [Actual Wins] – [Simulated Wins]. If you win most all of your actual games there is very little room for your simulated wins to be higher. It's more a factor of math than destiny.
2012 Results
Coach Hoke's alma mater was 2012's luckiest team. Ball State was simulated to win 6.4 games this year but pulled out a 9-3 record. Beyond that, three of the four teams following Ball State are of high interest to Wolverine fans.
|Actual Wins
|Simulated Wins
|Ball St
|Ohio St
|Mississippi St
|Notre Dame
|South Carolina
Michigan's two biggest rivals and bowl opponent all crack the top 5. As noted above, Ohio St and Notre Dame were easy candidates for this list with perfect seasons, but their perfect seasons were the luckiest undefeated seasons in the seven years I have been measuring the luck factor, and by a considerable margin.
Michigan ended the season slightly lucky with 8 wins versus an expected 7.6 based on their total season performance.
Of the teams that finished the year with 2 or fewer losses, Florida State is the only team to finished at least 0.5 games unlucky, thanks to their upset to NC State and an otherwise weak ACC schedule. Their loss to the Wolfpack was the 7th most unlikely outcome of the season based on the simulation but the most likely outcome based on Seminole history. Of the Top 10 biggest upsets looking back, five happened in Week 1 and all by road teams (Youngstown over Pitt, McNeese St over Middle Tennessee, Tennessee-Martin over Memphis, Ohio over Penn St and Iowa over Northern Illinois). Only three of the top 10 happened after the second week of the season with
UMass topping Western Michigan and Florida Atlantic over Western Kentucky joined the NC St upset. The Ohio-Penn St game was an interesting one because people acted like it was at the beginning of the season even though it really wasn't at the time. By the end of the season Ohio had tailspinned and Penn St turned out to be a much better team.
The unlucky list features some of the same teams from the biggest upsets above
|Actual Wins
|Simulated Wins
|W Michigan
|Oklahoma St
Michigan State was a few spots down, as they finished nearly 2 games below their simulated totals, falling on the wrong side a few too many 16-13 totals.
Is This Luck Repeatable?
Almost certainly not. The scatter plot of current year versus prior year luck:
There are a lot of teams in each of those quadrants, each season is its own animal. Notre Dame's was nearly 2 games above simulated this year but was –5.5 over the last three. Those who remember Northwestern as the team continually defying expectations. The Wildcats continued this year and are one of only two teams (Rice) who have had above average luck for all seven years. With Wake Forest right behind them I began started to draft a "smart schools are more lucky" section until I looked at the rest of the all-time top 10 and saw Middle Tennessee, Kentucky, Auburn and Ball State all on the list.
When you look at the spread of lucky years by
Count of teams by number of lucky seasons from 2006-2012
The twin peaks could mean there is a lucky and unlucky group, each normally distributed. It could also just a be bump in the data or it could be part of the fact that wins by program is somewhat consistent and luck is slanted if you are at one end of the spectrum. My biggest conclusion is that most of it is truly luck but that there is the possibility that teams like Northwestern or coaches like Les Miles have a true ability to consistently win more than they should but also that statistically, teams like that are bound to turn up even if its truly random.
To go undefeated and play for a national title in college football, I feel like many teams have had lucky breaks, that's part of what makes the sport special.
But there's getting a break or two to fall your way and then there's the crap ND and OSU have gotten away with this year.
Ohio I don't know got an excessive about of luck; only the MSU fumble really stands out to me. ND, however, has gotten every break and every call. They barely beat a terrible Purdue team, they only beat us by a TD even though we gave them 6 turnovers, they needed two gifts from the officials to beat Stanford and Pitt, and they managed to get USC one week after their starting quarterback went down with a shoulder injury. That is more than luck, that is backing into a title game, but I guess that's okay because you need a lot more than luck to beat Alabama.
Like the #1 defense? Cornholing Oklahoma in Norman? Question the offense all you like, but you cannot question the defense.
Which brings up an interesting point. In baseball, the pythagereon therom becomes less accurate for teams with exceptional bullpens. This results in a team winning a lot of close games (1 run games, extra inning games, etc). I suspect there is a similar issue with teams with great defenses, especially coupled with so-so offenses.
Alabama had a bit of luck of their own. Two undefeated teams had to fall in the polls ahead of them and they did. Georgia couldn't figure out how to manage the clock on the final drive of the SEC championship game and undefeated Ohio State can't go to the NC game... I'd say they're some lucky SOB's as well.
I think you've completely missed the point of the whole damn post.
Sorry if I'm missing it, but can you elaborate a little more on how "simulated wins" is calculated? Not to give away your secret sauce, but are you essentially taking an opponent's expected performance (based on the body of the season) and assuming they perform at that level that particular saturday that they lost?
Also, what has our luck looked like over the last 4 years? By observation, I have to say last year's team was fairly lucky, this year's team was lucky at times (N'western) and unlucky at other times (Losing Denard, not having Devin ready for Nebraska).
Not sure where you're getting your data, but Western Michigan defeated UMass (in a blowout actually, 52-14). Might want to double check some of the results in your data set in order to get a more accurate metric.
WMU had 4 wins on the season, not 3. Perhaps just the UMass - WMU result was wrong or maybe there are other games with the wrong result.
I wonder what it'd be like to compare the points in each game where a given team was most unlikely to win (kind of like Michigan's 10 greatest comebacks a while back), and then calculate the discrepancy between them winning and losing over a season. I bet Nebraska would be ranked near/at the top.
...and Iowa over Northern Illinois)
A humbling moment for Hawkeyes everywhere
Yeah, I actually had to read that part twice, stop, think and remember that Iowa sucked and NIU was good.
to not see Arkansas and Auburn on the unluckiest list. Were they actually projected to do that poorly in the first place? I would've thought they deviated from their predicted wins quite significantly.
Arkansas...well, going from Petrino to John L. Smith probably dropped their expected wins by about 4, but, yeah, Auburn was much worse than I thought they would be. I expected them to be pretty mediocre (say...7-5) but they were just god-awful.
I am a little surprised not to see Nebraska on the "lucky" list. Jeebus, it seems like those guys pulled one win after another out of their a** all year long. Personally, I was thrilled to see them get pummeled in the B1G championship game even though it meant a 7-5 team would represent the B1G in the Rose Bowl.
I would've thought Oregon State would've made the list, too. Every other year they have a losing season. Last year they went 3-9 losing all out of conference games, this year they went 9-3 and finished the year ranked 13th
I believe the Mathlete calculates how good a team is 'projected' to be not only based upon their previous year's record, but a bunch of factors such as passing yards and receiving yards returning from last year. Maybe Oregon St returned like everybody on the team and thus had a projected win in the Mathlete's calculations that were far above the conventional 'look at the team and guess how they'll do' type projections we see in magazines all the time.
How "lucky" was Michigan's team last year?
Not lucky, they just had a favorable schedule. They outperformed everyones expectations but I think that was coaching more than anything else. This years 8-4 was more like what this team was capavbel of...maybe another win or two would be about right since this years schedule was brutal; the polar opposite of last years.
so I'm a believer of the notion that you can largely create your own luck, however there are some aspects of last year (unlucky - no PI in Iowa/lucky - VT "catch" was not a catch) that made me wonder about it
Though this isn't what the Mathlete is measuring in this analysis, so "luck' as it is defined is roughly (as I interpret it) a team overperforming against good competition, and so I wanted to know how the team did last year.
Couldn't these teams also just be the ones for which your method is the least accurate - for whatever reason? You're essentially saying that teams that won more than you expected got "lucky", but what if your model is just plain wrong for some teams?
Nobody has made a luck of the irish joke yet? wow.
Am I missing something? But how did you get the "simulated wins"?
A bunch of architecture students in Muncie are shaking their fists at the "smart schools" comment.
Or at least they would be if they were allowed to recreationally use the internet, or allowed to leave the Architecture building.
this is really interesting! would it be possible to see the entire list? also I would love to know how you evaluate teams' strength to decide the expected outcome of each game. I only ask because I am looking forward to sharing this with some ND friends and would like to be able to explain how the teams were evaluated. great work, thanks!!
also where did Nebraska end up? They seemed incredibly lucky


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Luke Jackson is a cool, gutsy prisoner in a Southern chain gang, who, while refusing to buckle under authority, keeps escaping and being recaptured. The prisoners admire Luke because, as Dragline explains it, "You're an original, that's what you are!" Nevertheless, the camp staff actively works to crush Luke until he finally breaks.
Paul Newman stars in one of the classic movies of the 60's Cool Hand Luke. Cool Hand Luke is a movie that tests and displays the human spirit.
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Our prayers for Mary's family and love ones. Rest in peace, dear lady.
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Our prayers for Mary's family and love ones. Rest in peace, dear lady.
Prayers for Mary and all her loved ones - and for you also. :love:
prayers for Mary , her family, & friends. Godspeed, Mary.
Prayers for Mary and all who love her so much. Rest in peace, dearest lady.
My horse, Misti may not be able to stay with me because of the rising cost of hay, please pray for me and her and for all of the world for cheaper hay so everyone can keep the animals they love:(
Please be assured that many, many prayers are going for beautiful Misti and for you.
Prayers for Misti and for you, that you can stay together.
My manager's husband was treated for cancer 2 years ago. He just had some follow-up testing and it was abnormal. He goes for more testing on the 16th. I like working under my manager because she's always willing to share her knowledge or stop what she is doing to help me.
I hope that with the follow-up testing he has that whatever is abnormal can be treated quickly and successfully!
Hi guys,
I cannot keep Misti. She is too much money to feed and train since she is a Clydesdale mix. But our Dad is allowing us to get other horses and I have my heart set on one and please Pray that I may get him, I've been through too much horse heartbreak and I seriously will barely able to make it through this one. here is a picture of him - he is for sure thee horse! I love him and I will travel as far as I need to get him, even though he is a full 3 hours away. Please send prayers, I would appreciate it so much:(
Attachment 57179
Aww, so sad you had to give up Misty! I hope she went to a good home! Maybe you should just concentrate on saving money up now, instead of getting another horse right away? Is there any nearby farm you could work to earn some extra cash, or in exchange for some fodder? Farms usually have a lot to do this time of year ...
Well no, this horse is in Wisconsin and I am totally willing to go that far for him, because I'd rather travel far for a great horse than barely go a few miles and get a cheap trail quarter horse. The price they are asking is very reasonable but it is just the distance that bothers my folks. and my twin sister is also getting one. Unfortunately she is abusing the situation even though I went through loss, frustration, blood, sweat and tears to give us the opportunity, and she still neglects it. She wants to get a horse at a local stable and if my Dad finds out there are some horses for sale there he will force me to get one there too. She isn't much help either. I just don't know how to convince my parents to drive me there and get this horse - it really bothers me about how they are treating me after I lost Chester and now Misti:(
Well, maybe there is a horse at the local stable that needs you! You never know!
I am sorry about Misti and Chester, I really am. No one deserves all that heartbreak, but if it's your parents decision, you're lucky to even be getting another horse. You're lucky your parents have offered to pay for everything as it is. I know that seems mean, but if it's their money they can tell you to do whatever they want. Things have a way of working themselves out and I think you'll wind up with the right horse you want in the end.
I remember when I was younger being promised a horse, until my parents realized how expensive it was. I took horse-riding lesson and did a few little rodeos and stuff. I loved all of that but unfortunately, never got my horse. :(
I'm going to pick up Dasher's ashes today :( My heart is still so heavy and sad. And I'm still crying a lot. I miss him so much. I'd give anything to have him back with me.


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COLLEGE STATION The 22nd president of Texas A&M and the 22nd Secretary of Defense returned to Aggieland Tuesday.
Robert Gates spoke at a Bush Library Foundation event at Rudder Auditorium, discussing his new book that has raised a lot of eyebrows. "Duty: Memoirs of a Secretary at War" has turned into a much-talked about look at his latest time in Washington.
Gates -- who spent five years under two U.S. presidents leading America's armed forces -- sounded familiar refrains that have made his new book quite the talker.
"Despite everyone being nice to me, getting anything of consequence done was so damnably difficult, even in the midst of two wars," he said.
Gates left A&M in late 2006 when President George W. Bush called and asked him to serve as the Defense Department's leader. He would later become the first defense secretary to serve back-to-back presidents of different parties when Barack Obama made Gates the only hold-over cabinet member.
Like he has in recent interviews, Gates repeated his praise of many of the men and women he worked with, including his mentions that he agreed with President Obama on all of his decisions on Afghanistan. But Gates chided me-first attitudes, what he called the Obama administration's micro-management, and he was especially hard on Congress and their inability to get things done, including being unable to pass appropriations bills in a timely manner.
"This dereliction of duty was dramatically disruptive of sensible and efficient management of the department," Gates said Tuesday.
But the 70-year-old remained steadfast in noting that he left A&M for a great reason.
"Being the secretary of defense was the greatest honor of my life, and in many ways, it was the most gratifying job of my life," he said prior to the event.
Gates spoke at length about his love of the service members, especially those wounded in wars that he visited.
"In my imagination, I would put myself in his hospital room, hold him to my chest and comfort him, he said, crying as he spoke. "Silently in the night, I wept for him.
"For the wounded and their families, for the families of the fallen, the wars will continue for the rest of their lives," he added, "and so this book is dedicated to them."
Gates signed books for the sold-out crowd after the event.
In his meetings with the media prior to the event, Gates noted the major construction projects on the campus, including at Kyle Field. He said he was skeptical at first about the school's move to the Southeastern Conference, but said he's been pleased to see the success A&M has had so far.
Gates took questions from the audience during the Rudder event, including one asking whether he'd return as A&M president.
"Somehow, I suspect that offer would not be forthcoming, and second, really good second acts are pretty rare," he said.


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South Sydney Rabbitohs not getting ahead of themselves like last season, says Chris McQueen
Chris McQueen admits South Sydney was guilty of buying into the hype around the team ahead of last year's preliminary final flop, but says it is a mistake that will not be made this season.
Burdened by a 43-year premiership drought, long-suffering Rabbitohs fans were ecstatic after Melbourne was brushed aside 20-10 in the opening week of the NRL finals.
The Storm had won 14 of the preceding 15 fixtures between the sides but the Rabbitohs turned the tables, sending the hype machine surrounding the foundation club into overdrive.
Despite earning themselves a week off and racing to an early lead in their next start against Manly, Michael Maguire's side was ambushed by a battle-hardened Sea Eagles outfit they had already beaten twice that season.
"We've learned a lot of lessons from that," McQueen said.
"When you get to the finals, anything can happen. Form doesn't count for anything - it's about what happens on the day.
"It's one thing that Madge (Maguire) has driven into us that it's one game at a time."
McQueen admits it is difficult avoiding the hype that surrounds one of the biggest and best-supported clubs in the NRL, but the experience of falling one game short of the grand final in successive years certainly helps.
"A lot of the boys, over the last few years, hadn't much finals experience," he said.
"We'd never been in that position and a few of the boys were guilty of getting ahead of themselves.
"It was something we talked about at the end of the year. We have to worry about now and not what might happen in the future because if can be over in a flash.
"For me, it's easy to distance myself. If I pick up the paper, there will be something in there about South Sydney so I don't read them.
"If I turn on Fox Sports News, there will be something about Souths on there, so I don't watch it.
"I know if there is nothing for me to see, then it makes it easy to focus on what's in front of me."
McQueen recently put an end to speculation about his future by signing a new two-year deal that brought the Queensland back rower's pay in line with other representative players at the club.
He said it was a relief to get the deal completed and that he never wanted to leave Souths.
"It was going on for a while and there were rumours about whether I was staying or not," he said.
"But I knew the whole time and so did the club that I wasn't going anywhere."
The club will lose impact forwards Sam Burgess and Ben Te'o to rugby union from next season.


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Another issue is FUE or strip?
I am thinning at the front and temples. I would like to wear my hear short at times.
Would strip (like Dr Path and other do it) be a good option for someone like that you think?
The odds are much better of being able to wear your hair short with FUE. FUE is NOT scar-less, but if small punches and an intelligent extraction pattern are used, and if you naturally scar well, you could get away with #1 on the clippers. Some people report that they can shave their heads bald without any noticeable scarring after FUE, but I'd venture to say that's pretty rare.
The size of FUE procedure(s) and donor density are big factors regarding scarring and the potential for the "moth eaten" look. Have realistic expectations - some noticeable white-dot scarring is likely, but you'll be able to wear your hair shorter than if you elected to have strip done. Other advantages with FUE is less donor pain (usually) and quicker donor healing.
The trade-off with FUE is that yield is reportedly a little less than with strip. However, in the hands of the most skilled FUE docs, I'd say it's pretty close.
I think some people have reported being able to wear their hair as short as a #2 on the clippers after strip, but I think that's uncommon. From what I can tell, a #3 is more realistic providing the scar is relatively thin. I'm just going by what I've read on the forums. Perhaps some strip patients can chime in.
Lastly, SMP (temporary or permanent) may be an option for FUE white-dot scarring which would allow you to wear your hair very short with little-to-no observable scarring. Take a look at these threads:
Last edited by zenmunk; 07-12-2012 at 12:23 PM.
hi, I came across this and I couldnt help myself to tell you that is other ways to get a fuller set of hair that are non-surgical. I work for Ja Alternatives is a company that specializes in people that are thinning out. We have this technique called Interlink and is pretty new . Is the same idea of hair implants but without surgery. We attach 4 new strands of hair to your own by tieing them to your hair. With this you don't have to worry about scars. I think if is your first time for a Hair Transplant you should try this first and get a feel of it.
What are you on about yr talking about a wig. Dress it however you want
Hair Transplant Dr Feller Oct 2011
Hair Transplant Dr Lorenzo June 2014
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