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Sella & Mosca "La Cala" Vermentino Sardinia 2004. 12% alcohol. $10.99 at Beekman Wine.
I had a delightful lunch today; with the temps just under 90F it seemed balmy here, compared with some brutally hot days. We celebrated with an array of raw seafood and an absolutely delicious white wine. They claim Vermentino "La Cala" goes especially well with seafood because it has just a hint of salt; I tried to find that hint, elusive little thing, perhaps it was there, but I can't be sure. The seafood was just too tempting to do a scientific study.
Very pale straw yellow with greenish tints, pale hue, lovely aroma of lemons and limes and perhaps orange blossoms, delicate lemon/lime palate with just a hint of spice [and salt?], very dry with almost no sugar, light mouth feel, firm, well balanced acidity, quite a long finish. Great match with the seafood. We've had this wine several summers in the past, but I think the 2004 is the best I can remember. 4* +
I gotta tell you -- if you have to weedwhack when the temps are above 90F, this is the stuff to stoke your fires!
Regards, Bob
Joel Mitchell's notes; this was his wine of the month at $11.00; a great QPR:
Sardinia, the second largest island in the Mediterranean, is one of Europe's most desirable holiday destinations. It boasts more than 1,800 km of coastline contoured by rugged cliffs, hidden coves, and glorious beaches. Sardinia's history can be traced back thousands of years, and the island is rich in archaeological sites including dolmen stone relics and nuraghe - squat, round stone towers believed to be ancient forts. Originally settled by the Phoenicians, it was later occupied by the Carthaginians, Romans, Vandals, Byzantines, Saracens, Pisans, Spanish, Austrians, and the Kingdom of Savoia. It finally becoming a self-governing region of Italy in 1948.
Wine has been made here since long before the Romans arrived in 238 BCE. By the 16th century, Sardinia was known as insuli vini (wine island). By the 20th century, it was exporting its powerful wines to France and "the continent" (as the islanders call the Italian mainland) to boost the weaker northern wines. High yields and bland but strong wines ruled until the 1980s, when lower yields and native character began to be emphasized by a handful of wineries. Today more than 70 estates produce quality wines.
The largest of these (and the second largest contiguous vineyard in Italy) is Sella & Mosca, an historic estate situated in the northwest corner of Sardinia. The estate was begun by two Piedmontese businessmen in 1899. Messrs. Sella and Mosca are revered to this day for their prominent roles in the Risorgimento (Italy's 19th-century unification movement). With 1600 acres, over 1200 acres of vines, and total production of 500,000 cases of wine, S&M was among the first to export the native white Vermentino wine while most producers were still selling in bulk. The property is now owned by Campari. Winemaking is supervised by Mario Consorte.
The La Cala brand is the ultimate definition of the Vermentino grape. It is named for a small, secluded cove on the edge of the estate. Few wines rival La Cala for its exceptional affinity with shellfish and seafood thanks to the very subtle presence of natural salinity in the wine. This Vermentino is elegant and supple with a fullness of flavor and good underlying acidity. Vinification is somewhat unusual in that after harvest, selected grape bunches undergo a brief, natural drying process before pressing.


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"One cannot think well, love well, sleep well, if one has not dined well." --Virginia Woolf
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About Us
CSPC offers unpaid internships for undergraduate and graduate students during the spring, summer, and fall semesters. CSPC internships offer motivated students the opportunity to learn first-hand about the international and domestic issues confronting the American Presidency and Legislature in a fast-moving DC think tank.
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Internship applicants must maintain a high standard of work in a fast-paced environment and be detail-oriented, able to multi-task, and eager to learn. The ideal candidate will be a college junior or senior or graduate student with a demonstrated interest in the Presidency and U.S. government policy. Students in all majors are welcome to apply, especially those studying political science, history, international relations, economics, business, or journalism.
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Hot Or Not?: 50 Cent Releases Episode #3 For His Comedy Series Pimpin' Curly "The Fast Lane"
50 Cent TV reports "A day in the life of Pimpin' Curly. Meet his brother Earl and his stable of women as he moves around the city getting his money right"
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Monday, October 3, 2011
SAVE THE SEMI-COLON (and impress everyone!)
Semi-colons get a bad press. They have been described as the most feared form of punctuation (right up there ahead of apostrophes). Here at the Grammar Gang, we love them: the rules are simple to apply, and when you use them correctly, the outcome will be a tighter and more elegant style. One of us declares that she fell in love with someone because of his masterful use of semi-colons. We're not sure we believe her - but hey! It's worth a try, isn't it?
So let's start by taking a look at the rules for using semi-colons.
Rule #1 Use semi colons to separate lengthy items in a list (especially if those items contain commas), like this:
The shop owner's defence consisted of three specious arguments: he couldn't be expected to use apostrophes correctly because he had been the victim of poor English teachers at school; no-one really valued apostrophes anymore because they were old-fashioned; and apostrophes had no impact on the meaning of a shop sign anyway.
The Grammar Gang includes three self-declared grammar nuts: Andrea Duff, whose commitment to the correct use of commas is legendary; Linda Bergmann, who has been known to attack shop owners who engage in apostrophe abuse; and Lisa Emerson, whose students refer to her as the Semi-Colon Queen.
You can see that in this latter example, it would be very confusing to use commas to separate out the items. So, avoid confusion and use a semi-colon.
Rule #2 Use semi-colons to join two complete sentences that are linked by meaning in some way.This one is a little more tricky and requires some personal judgement and preference. Consider the following sentences:
She wrote the report in clear, simple prose. It received a positive response from the Board.
The grammar in the sentence above is correct and clear. Both sentences are complete and therefore can work independently. However, if you wanted to imply that the two sentences are related in some way, then use a semi-colon to link them:
She wrote the report in clear, simple prose; it received a positive response from the Board.
Using a semi-colon suggests that because the report was written in clear, simple prose, it received a positive response. Of course you could have written:
Because the report was written in clear, simple prose, it received a positive response from the Board.
But where is the elegance in that? And why use more words than you need to? The use of the semi-colon implies the connection more subtly, and its use makes the sentence more concise.
Some of you may be asking "but couldn't I just use a comma?" The answer is no, you can't use a comma to join two complete sentences: it's not a strong enough piece of punctuation.
Beyond rules
Applying Rule #2 (i.e. choosing to use a semi-colon instead of a full stop or a conjunction) is a matter of taste, discernment and context. Often it's a matter of considering the pace of your writing. Consider the passage below:
She stood in the dark, silent forest. Her heart thudded. She stepped forward. Behind her, something rustled in the trees.
Now try it with semi-colons:
She stood in the dark, silent forest; her heart thudded; she stepped forward; behind her, something rustled in the trees.
Both pieces of writing are grammatically correct. But they achieve a different impression. The pace of the second version is faster, perhaps reflecting the breathlessness of the person in the scene. Which version you prefer will depend on what you want to achieve in your writing.
Images sources from http://www.spreadshirt.co.uk/save-our-semi-colon-C4408A10321348 and http://fandom-grammar.livejournal.com/tag/usage:punctuation
12 comments:
I would have appreciated this article more if there hadn't been a glaring spelling error in Rule #1! It should be "defense".
- October 6, 2011 at 6:57 AM
I agree with 'anonymous' whole-heartetly! Also, "Grammar Queens," you should not start a sentence with a preposition. Yes, putting the comma after it makes it grammatically correct, however, it's still more proper (and professional) to NOT start with a preposition.
- October 6, 2011 at 7:14 AM
Defence is correct, it is Britsh-English. Defense is American-English. Both are correct.
- October 6, 2011 at 7:23 AM
For Anonymous: I'm glad to see you corrected your own error by considering the fact that "defence" is fine. Your second comment, however, should have had a semi-colon rather than a comma between "correct" and "however." Finally, I did not see any sentence that began with a preposition. Could you have been referring to a conjunction?
J. McGaughan CPS/CAP
Wilmington, DE
- October 6, 2011 at 8:05 AM
Whoa! Somebody's wear their underwear too tight today. It can't be the British; they are much too polite!
- October 6, 2011 at 8:37 AM
Whoa! You have all turned me off to this site. There are far too many errors and excuses for errors on this site. (By the way, my grammar source states that a comma precedes "and" in a series of three or more. Throughout your site, this is ignored.) Good luck in this site!
- October 6, 2011 at 9:03 AM
I was going to post a comment about semi-colons, but instead i think I will recommend Henry Hitchings' "The Language Wars". It is an erudite history of conflict about "proper" English, and a corrective to anyone, me included, who gets worried about where prepositions go and ends up writing what Winston Churchill is alleged to have described as "the sort of nonsense up with which I will not put".
- October 6, 2011 at 3:57 PM
- lisanz said...
Hi everyone: I'm the person who wrote this blog. I use the spelling "defence" because I'm originally British, and this is the British spelling.
This discussion about "errors" is an interesting one, and I'm thinking we might have a post about this so we can discuss it more fully. What constitutes an "error" and what constitutes an issue of style, preference, impact, or audience engagement? Are some rules inviolable in all circumstances while others might depend on desired impact? In what circumstances might a writer choose to disregard rules that would be inflexible in a professional context? What does an author do when two possible rules apply to the same sentence regarding punctuation?
This is part of a sophisticated discussion of language usage, and it would be fun to discuss this more fully.
- October 6, 2011 at 6:30 PM
- This comment has been removed by a blog administrator.
- October 8, 2011 at 10:16 AM
- Terrie said...
The source of the dinosaur images is actually
- November 2, 2011 at 8:04 PM
- Andrea Duff said...
Quite a nice site, too, Terrie. Many thanks for this. It underscores the point I made in an earlier post about reusability of images on the net, and how it is sometimes hard to track the original owner.
- November 3, 2011 at 9:00 PM
- Lori Parr said...
I'd just like to thank everyone (com mentors) for being sticklers, holding grammar pros to a tight reign. I started my day fielding hate mail from a gaggle of bloggers defending a well known blogger, to whom I wrote a comment regarding her list that started with 2 blatant typos; which I found inexcusable. If you write to make your world go 'round, then proof read before you push the publish button. I'm just learning, seeking the best info, and get disturbed when pro's mess up. It's what they do. Write. Write well!
Thank you for listening, and Thank You Purdue Owl!
- November 25, 2014 at 5:53 PM


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- I would probably increase the amount of chilly powder. I prepared this sometime back, I guess I dont have any more tips for you that I remember.
Enjoy!! Good day to you all !! PS: If you like my blog, please dont forget to leave me a message, it really IS the inspiration to do more!
I am sending this Chicken korma to the Contest of the month June 2008 - Chicken over at Vandana's Cooking up something nice.


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Return to Transcripts main page
The Social Investment; The Woman Behind Facebook's Success
Aired May 19, 2012 - 13:00 ET
ALI VELSHI, CNN ANCHOR: You have been on Facebook for years, but the story for investors has just begun. Welcome to YOUR MONEY. I'm Ali Velshi. Christine Romans is here with me. We've been following this company with one question in mind, after a troubling opening day for its stock, can Facebook live up to the hype? (voice-over): Facebook, the most anticipated tech talk in history, from a startup in a dorm room to a global community approaching a billion people. Facebook is the next paradigm shift on the web. First, the internet was defined by the portal, a one-stop shop for everything you needed. Then came search, a single place to answer any question you could possibly ask. But Facebook represents something different, the idea that the internet and technology can bring people together and together the community you choose curates your entire journey through life. But is this the most important tool in the world or a fab that's peaked. Can Facebook live up to the hype? If it really is a paradigm shift, can Facebook dominate it? CHRISTINE ROMANS, CNN ANCHOR: As no other network can, we brought together CNN's best time covering this story, Dan Simon at Facebook headquarters in Menlo Park, California, where Mark Zuckerberg remotely rang the opening bell on the Nasdaq on Friday. Alison Kosik at the New York -- Nasdaq in New York and Felicia Taylor at the New York Stock Exchange where she has have been talking to traders. Three men who invest for living, we'll ask them whether Facebook is a good investment for you. Ned Riley, chairman of Riley Asset Management, probably not a surprise for him, Craig Shapiro, investor with the Collaborative Fund and an early Facebook investor, and Matt McCall, president of Penn Financial Group. VELSHI: All right, Dan, let's start with you. Let's leave the stock aside for a second. That's a big topic. But this is about the company. It was amazing to see thousands turned out in Menlo Park of Friday morning to see Mark Zuckerberg kick off Facebook's first public trading day. Talk about to me about the mood there and how it happened. What happened to the mood when that stock failed to soar like expected? DAN SIMON, CNN CORRESPONDENT: Well, first of all, as you can imagine Silicon Valley was buzzing over this stock debut for weeks so much anticipation all across the country. But here, you know, you could just feel the environment. You can feel the electricity. I did speak to a Facebook executive about Mark Zuckerberg ringing the bell. He said the energy in there was off the charts. It felt like a rock concert, especially after coming off an all-nighter. They had a hack-a-thon where they were up all night trying to come up the newest and greatest ideas for Facebook and then they all met in the public square to usher in this new era. It was quite an event to see. VELSHI: All right, Dan, again, this still remains the story of the company. But it soon changed through the course of the day into the story of the stock. That's where we're going now. ROMANS: All right, let's bring in Alison Kosik at the Nasdaq. Alison, it was a key question everyone in social media is asking now. How do you make money on technology that changes the world because it didn't seem like a super sure bet today? ALISON KOSIK, CNN BUSINESS CORRESPONDENT: Well, you know what? No stock is a sure bet, right, Christine? You know, it's all a big gamble. When look at how Facebook traded on Friday, yes, it ended flat. But you have to remember it was hyped up quite, quite a bit. So the expectations were really, really high. With a lot of these tech IPOs lately that's how it's been. It's been a lot of hype. Especially, you know, when you see what happened on Friday. You know, the investors showed their displeasure in the fact that the Facebook shares did not get that pop that they wanted. All these social media companies including Zynga, Yelp, Pandora, Groupon, LinkedIn, all ending lower on the day. But you know what? One analyst says wait a minute. Everybody take a breath. This is one day. The trend is still positive for social media because you know what? People are using social media. Advertisers are advertising on social media. Advertisers are spending money on social media. So the trend in the long-term is positive. This is one day. The suggestion from the analyst, give this sometime and let's see what happens. Look on the bright side, Zynga. When Zynga went public in December 2011, its IPO price was $10. Guess where it closed, it closed 5 percent lower $9.50. So at least look on the bright side, Facebook didn't end lower than its IPO price. ROMANS: Right. And remember, too, to be fair. There are a bunch of people in Menlo Park, California who are now millionaires and multimillionaires. So people did make money on Facebook and people that had been an investor for a long time. Thanks, Alison. VELSHI: You know, I finally tweeted something out today for all the Facebook haters out there. This isn't a public vaccination. If you didn't want to buy Facebook stock, you didn't have to buy Facebook stock. Felicia Taylor is on the floor of the New York Stock Exchange. Felicia, let's talk about something for a second. We don't spend a lot of time on it, but there was definitely something up with the trading, as Alison said at Nasdaq. For us old-timer's, that didn't used to happen. FELICIA TAYLOR, CNN BUSINESS CORRESPONDENT: No question about it. Thank you for including me in that group of old-timer's. That was really sweet of you, Ali. But what was fascinating was to be here on the floor of the stock exchange and to watch what was going on Friday and to see the traders literally huddled around their terminals watching that penny point move, whether it's 38.01 up to possibly 38.20. You could see that the action was in there. As we've talked about, you know, underwriters come in to make sure that stock didn't go below $38 a share. That was their job. That was what they were supposed to do and they did it effectively. But day traders were coming into the stock and hammering, pushing it, and there was a lot of short covering at the end of the day, which is, you know, it's interesting to see so much activity in Facebook stock in its first day. Get a load of this, 567 million shares traded on this first day. Only 421 were offered. Compare that to 1.1 billion shares that traded on the entire New York Stock Exchange. It was a 20 percent part of what happened at the Nasdaq. That traded some 2.6 billion shares today. VELSHI: All right, so Apple on a given day will trade 25 million shares, Microsoft 50 million. This is 10 times what Microsoft would do in a day. TAYLOR: Exactly huge. VELSHI: -- which means it turned over. So here's Felicia what I think it means. All those early stage investors or many of them -- and we're going to talk to one in a few minutes. A lot of them who are venture capitalists who want to put their money to a company for a few years and take money out of it were bailing out. They were getting a good price for their stock. It's a price they thought they would get and a whole bunch of new investors came in. TAYLOR: Absolutely, there's no question about it. I mean, if you were one of those guys who got in on the IPO price that was fine. You did absolutely fine because it went up to $42, $45 a share. But it's moving forward and taking the story forward. A lot of traders on the floor here told me that they expected the stock is actually going to dip below $38 per share. Is this something individual investors really want to get in on? I would venture to say that right now that's too uncertain to say. You don't know where the stock is actually going to value out because we don't know where the earnings are. They may be able to make money, but we don't know where that growth is coming from yet. VELSHI: That said if you were a retail investor, you could get into a big stock at the IPO price, something we said wasn't likely to happen. Felicia, good, thanks very much. Stay there. Let's bring in some of those people we talk about who trade stocks for a living. Ned Riley, Craig Shapiro, Matt McCall, I want to ask you the same question. Ned, I want to start with you. We know this thing came in lower than most people thought it was going to come in. Can I or I being my viewer, the retail investor make money by buying Facebook at this price, basically the IPO price? NED RILEY, CHAIRMAN, RILEY ASSET MANAGEMENT: Well, I said it last week and I'll say it again. This is not the kind of stock that a retail investor should be in right now. There are too many questions about the business platform. The price its selling at is a price earnings ratio that's just astronomic. And this management team has done a great job of getting the audience. Now the problem is shifting from desktop, laptop to mobile devices. As we've been talking about mobile devices don't carry a lot of ads right at the moment. So these are critical questions to the company. Not only this company, but others in that social space as well as some of the bigger more developed companies like Google have to answer and how do I figure out how I'm going to capitalize on that mobile device later on down the road. VELSHI: Craig Shapiro is an early stage investor. He's the CEO and president of the Collaborative Fund. He's heard your argument before because he's been in on it. Craig, I know you disagree with Ned. Both of you thought this thing would end up higher than it was today. So if you thought it was going to end up higher and you thought it was a good investment last week, I got to think this is a screaming good buy at 38 bucks. CRAIG SHAPIRO, CEO AND PRESIDENT, COLLABORATIVE FUND: You know, I do. I couldn't disagree more with Ned respectfully. But I think I'm actually happy to see the price where it's at. I think it's a fairly traded stock. I think it's an opportunity for a retail investor to get in. If it's a retail investor looking to make a quick dollar, I think it's a problem. But if you're in, you want to be in a company for the long haul, I still think Facebook is a great, great company with a lot of potential. VELSHI: Matt McCall, you also didn't think -- you also thought it would be higher than it is right now. Who are you siding with Ned or Craig? MATT MCCALL, PRESIDENT, PENN FINANCIAL GROUP: I'm going to go down the middle here, but I'm going to lean towards Ned. I said a few weeks ago I don't like the stock. I wouldn't buy it in the first trading day. This is one of those stocks when a girl that did my makeup text me and asked if she should buy it, the guy that fixed my scooter asked if he should buy it, it's a cocktail stock. It doesn't make you money though. It's great to talk about it. You look at evaluation then mention PE ratio. Their PE ratio is over 100. If I want to buy tech stock, look at Apple to Google, their PE ratios below 20. There are values out there for good stocks, Facebook isn't one of them right here. VELSHI: It is a high PE, but we're going to talk about that. How you choose. Where you should get into a stock? You boys stay there a little bit. We'll mix it up a little more with you after the break. Should you invest in Facebook's future? That's the question I'm posing to one of the tech world elite entrepreneur who happens to be a former employee at Facebook. That's next on YOUR MONEY. (COMMERCIAL BREAK) VELSHI: If you're planning to buy shares of Facebook, you should know what Facebook is selling, it's you and your data. More than 900 million people use Facebook. That's around three times the total population of the United States. Facebook's user base has quadrupled four times over the last three years. Facebook has 100 billion friendships. Users leave 2 billion likes and comments each day, 2.7 billion actually. Facebook is also the world's largest photo sharing site. Users upload 250 million photos every day. All that data allows Facebook to offer highly targeted advertising. In 2009, Facebook made 98 percent of its money from ad sales. That dropped to 85 percent last year, $3.7 billion. Sounds like a lot, but Facebook makes less than $5 per user each year. Google makes more than four times that amount. So Facebook needs to convince investors that it can turn users into money. Dave Morin was an early member of the Facebook team. He is the co-inventor of the Facebook platform and Facebook connect. Before that he worked as a marketing manager at Apple. Dave, welcome. Facebook needs to continue adding new users or get more money out of each user. We know the company plans to tap into the mobile ad market. But how does post IPO Facebook grow well, not alienate users. They have to poke into them a little bit more. Not to use a Facebook term, but get into their business even more. DAVE MORIN, CO-FOUNDER AND CEO, PATH: Well, I think the important trend to take a look at right now is the shift to mobile devices and to the mobile internet. You know, the desktop internet was really only about 1.5 billion personal computers. The data says that there's about 5.5 billion mobile subscribers in the world today. And so, you know, in terms of growth, Facebook really has to start looking at the shift towards mobile and looking towards users on the mobile side instead of just focusing on the desktop. I think they are starting to do that that's really where the growth is going to come from. VELSHI: All right, I'm an avowed Facebook admirer. I'm not that much of a user, but I love the concept. I love what it could represent. But what I get a lot from Twitter and criticism at the tech world is full of companies that failed in the internet space. Right now, Facebook has the edge, so did AOL once and MySpace. AOL and MySpace we don't talk about all that much. What does Facebook do to make sure that not only it's in the right space, which it probably is as you described, but that it dominates that space forever more? MORIN: Well, I think that, you know, Facebook's focus on the user first and creating a really core utility for sharing information and communicating, that's been a big part of Facebook's success so far, how they won against competitors in the past. Going forward, you know, the major area where Facebook has to focus is on the platform. Continuing to provide tools for third party businesses or marketers, even businesses like us at Path to, you know, build out new and unique and interesting businesses and apps whether that be mobile or continuing on the web. You know, Facebook really has to continue to empower the platforms so that the network effect of businesses that depend on Facebook is just as strong as the one around users. ROMANS: Dave, it's Christine Romans. I want to ask you about cult of Mark Zuckerberg and what happens there in Menlo Park. He's one of the world's wealthiest people now. You wouldn't know this if you met him on the street. The company issue hoodie and the like. A new article in "New York Times" says that Zuckerberg expects that same low key attitude from all of his employees. It says, quote, "Peer pressure dictates the consumption be kept on the down low. It is understood Facebook employees and their friends and Mr. Zuckerberg would find it uncool for one of his underlings to drive a Lamborghini to the office." Dealers of luxury goods shouldn't expect a wave of orders, I guess, from conspicuous consumption in Silicon Valley from Facebook's newly rich. Is it true there's this culture around this about not flaunting this newfound wealth? MORIN: Well, I would say that's not just a Facebook thing, but a Silicon Valley thing. You knw, Silicon Valley has always been a place where though there's a lot of wealth created, people try to sort of behave in a more humble, slightly more -- ROMANS: Why do you think? Why do you think? MORIN: Well, I think it's not entertainment. You know, it's technology. ROMANS: It's not Wall Street. VELSHI: We'll be selling Lamborghini and condominiums. ROMANS: The car dealers in the tri-state area go nuts when something good happens around here. It's different. You're saying it's different. You're not going to see a bunch of blinged out watches. MORIN: Well, I think one of the key differences because the culture of Silicon Valley is so rooted in entrepreneurship, what you see people do with their wealth is instead beginning to reinvest it into the ecosystem and to help drive innovation with, you know, new entrepreneurs. And I think that the second thing that you actually see quite a lot of is philanthropy. One of the things that's quite encouraging to me about the early Facebook crew is that because the Facebook mission because so socially focused. There's a lot of folks in the early Facebook crew that really starting to approach the philanthropic space in a really unique almost Facebook-like way. People really want to help make it better and help make the world a philanthropic giving as efficient as we did with the social fabric. ROMANS: It's possible Mark Zuckerberg could be one of the great philanthropists of our time. I mean, he's already started with Newark and you know, big donation in Newark and Cory Booker what they are trying to do there for their schools. But do you think that Mark Zuckerberg is going to be the ultimate leader of this company? He controls most of it still. Is he the right leader for a Facebook that's now public and going to keep growing or try to keep growing? MORIN: I'll answer both questions. You know, I think that Mark could quite possibly end up one of the great philanthropic leaders of all time. His co-founder Dustin Moskovitz has already, you know, pledged to give away most of his wealth, not when he dies, but before he dies very aggressively. He just started Good Ventures, which is a, you know, a big new philanthropic foundation. So I think you're seeing the leadership not just say that, but start to take actions in that direction. As far as Mark being the long-term leader, I think the answer to that question is yes, you know. I think Mark has shown a great tenacity in sort of how he's led the company. He's proven that he knows when to innovate and how to innovate and how to push the company forward at the exact right times. He really has inspired everyone that's worked with him, including us. We take a lot of his lessons around staying focused on building for the long-term and sort of striving for building a team driven by excellence. We take that into account at Path every single day. VELSHI: Dave, good to see you. Thank you for joining us. Appreciate you sharing your wisdom from the inside with us. Dave Morin is a co- founder and CEO of Path, former Facebook employee, one of the developers there that give you the experience that you've got. All right, when we come back, there's really only one reason to buy the stock of a public company. You now have a chance to buy Facebook at pretty much the price that all the big guys had a chance to buy that. Should you or shouldn't you? We'll talk about it when we come back on YOUR MONEY. (COMMERCIAL BREAK) VELSHI: There's been a lot of interest in Facebook's IPO from big banks to newbie investors. I've heard from a lot of newbie investors. IPOs, she'll tell you, a risky business. That's not really a point that I tend to make as much as -- I want to welcome back our panel, Ned Riley, chairman of Riley Asset Management, Craig Shapiro, investor with the Collaborative Fund and an early Facebook investor. I'm thinking maybe, Craig, you're still a Facebook investor or did you make like a bandit and get out? SHAPIRO: No, I'm still in there, 100 percent. VELSHI: You're still in. Matt McCall is the president of Penn Financial Group. Here's the interesting thing. Craig is all in about Facebook. He thinks it's a great idea. Matt and Ned are not guys that shy away from the market. They are lukewarm on this whole thing. Ned, let me start with you. OK, I'm going to do what I said to Felicia. You and me and Christine were old-timer's in this thing. We didn't know about the world of investment through the internet. ROMANS: Buggy whips. VELSHI: Wheat and things like this. We've got to get with the future, Ned. Are you grumpy about the internet or is there something about Facebook you don't like? RILEY: Well, I'll look at my slide rule right now and see if I can calculate a future price. That's what I started with. Maybe we are grumpy. I don't know. Maybe you see all these great wealthy people out there. But it isn't that. I really believe Facebook is probably going to be a very successful company. I'm just not convinced that this price, this time that I'd want to participate in what I call a rifle shot approach to own Facebook or four or five other social media companies. Because I was around in the 1990s when everybody thought technology was the thing of the future. VELSHI: It is, Ned, it is. The internet is the most powerful tool in the world. RILEY: I don't disagree, but the stock prices of some of those companies back then, people back to normal. These companies are still viable, good contributors today. I think what we've got to look at is Facebook in the context of how you participate in the stock. Look at those mutual funds that may have a heavy position. Look at those exchange traded funds. I have been advocating the 3 Qs, which is the top 100 stocks in the Nasdaq index for the last three years. Now I ended up with 17 percent in Apple stock. I said that wasn't genius, that was purely accidental, but Apple was a success. If Facebook is going to be that kind of success then people are going to be -- VELSHI: That's a very good point. RILEY: But I suggest diversification. VELSHI: If you can buy ETC, which is like a stock, it's the top 100 stocks in the Nasdaq, and Facebook will be in it. Matt McCall, you suggested the internet social media ETF, SOCL I think is the ticker symbol and they get a piece of all these social media companies. I'll come back to you in a second, Matt. This one is for Craig. Craig, we've had 31 internet IPOs since the beginning of 2011. Not the '90s that Ned was talking about, since 2011. Twenty two of those are trading below their closing price on the day they went public. Sixteen are trading below the offer price. The offer price would have been $38 in the case of Facebook. So tell me as a guy who is an early stage investor, a venture capitalist, Silicon Valley, the odds are against these tech IPOs. SHAPIRO: You know, it's unfair I think to lump Facebook in with the rest of that group. I think it's its own unique beast. I mean, there's no other company really in the world. Forget about the other IPOs since 2011 that touches a billion people. People on average spend seven hours a month on Facebook. They have billions of dollars in cash in the bank. So it's not a typical IPO. Certainly a very, very different profile from the companies you're talking about. VELSHI: All right, Christine, I think it's fair to say. I've seen a lot of hype around there about us hyping -- the media hyping Facebook stock. If anybody watched you and me in the last few weeks, they will know full well that Christine has been the brakes and I've been the accelerator largely just to make opposite points. I don't think we're that far apart. ROMANS: In part because of Matt McCall. Matt McCall was really like buttressing what I had been thinking, Matt, which was -- if you're an individual investor, give it a month and let it settle out. It's a price discovery mechanism and it's not a game for the weak at heart. You're absolutely right to suggest -- VELSHI: You don't have to rush in on day one, Matt. MCCALL: That's what blows my mind. The way it seems it's been going on Friday is the fact that, if you don't get into Facebook it's over. I mean, you have years ahead of you to get into Facebook, tomorrow, Monday, Tuesday, sit back and relax. One of the biggest things I tell my clients, anybody investing, patience is a virtue when it comes to investing. Let the stock pull back. I honestly think it can come down to the low 30s, high 20s. At that time, yes, I might be a buyer of Facebook. But I want to make one point, Craig talked about Facebook is different. It's different. You can't compare to other IPOs. If I had a dollar for every time somebody told me that, my goodness, every IPO is different. And how about this statistics, this 2008, we've had 72 internet related IPOs hit the market over $50 million. Twenty of them priced above their original rate just like Facebook, the average gain in the first day of those stocks, 20 stocks, 59 percent, Facebook zero. So that shows you that, you know Facebook maybe it's not like other IPO. VELSHI: Poor Craig, man, he's like a pariah for being a venture capitalist and early stage investor in Facebook. I love the conversation. You guys are great. You represent all the viewers out there. I think America is smarter for having this process, understanding the IPO process. I think it's great, Craig, Ned, Matt, stay exactly where you are. Up next, you all know Mark Zuckerberg and if you don't, there's nothing I can do for you. Just turn the channel off. But what about the woman behind Facebook's success? Next on YOUR MONEY. (COMMERCIAL BREAK) ROMANS: Mark Zuckerberg is synonymous with Facebook in the movie "The Social Network" made him more famous. But many argue it's someone else who is really the driver of the company's financial success. Poppy Harlow reports. (BEGIN VIDEOTAPE) POPPY HARLOW, CNNMONEY.COM CORRESPONDENT (voice-over): You know the story. Mark Zuckerberg started Facebook in his Harvard dorm room. But do you know Cheryl Sandberg? She's his right-hand woman. People say Facebook wouldn't be where it is today without her. UNIDENTIFIED FEMALE: I was a really serious geek in high school. It works out. HARLOW: She is Sheryl Sandberg, Facebook's chief operating officer, number two to founder Mark Zuckerberg. She joined Facebook in 2008 taking it from less than 150 million users to more than 900 million today. DAVID KIRKPATRICK, AUTHOR, "THE FACEBOOK EFFECT": If Sheryl hadn't been there, I don't think Facebook would be going public today so successfully. She came in and basically created the business. She had a whole month's worth of meetings trying to figure out what business Facebook was even in. HARLOW: A Harvard grad who worked as Larry Summer's chief of staff in the U.S. Treasury Department, she landed next at Google where she built the company's ad business. TIM ARMSTRONG, AOL CEO: I think Sheryl's main contribution was actually figuring out how to go from zero customers and a new channel to figure out how we were going to get a billion dollars and millions of customers. She built that from scratch. HARLOW: She's so important to Facebook, the company's public filing documents say losing her could harm the company. I interviewed her the day it become profitable. UNIDENTIFIED FEMALE: The big announcement today is that we hit 300 million active users. We're cash flow positive. HARLWO: As a female that reached close to the top of the corporate ladder, she challenged young women to do the same during the 2011 commencement speech at Barnard. UNIDENTIFIED FEMALE: You are the promise for a more equal world. A world where men run half our homes and women ran half of our institutions would be just a much better world. HARLOW: And for this mother of two, balance is key. UNIDENTIFIED FEMALE: I walk out of this office every day at 5:30. So I'm here for dinner with my kids at 6:00. HARLOW (on camera): Has she changed the culture at Facebook, do you think? CLARA SHIH, CEO, HEARSAY SOCIAL, SANDBERG FRIEND: Absolutely. Her influence has gone far beyond just Facebook. I think she's established a new way of doing things, a new culture to aspire to across all technology companies. HARLOW: She's changed Silicon Valley? SHIH: Absolutely. And if you look at Oracle or you look at Apple, a lot of these companies have a single leader, usually it's always been a guy who has a singular vision. We're seeing a shift from ego driven to leadership driven. HARLOW (voice-over): People who know her say Washington should be in the cards. ARMSTRONG: I told her she should run for president. KIRKPATRICK: I think Sheryl will end up in Washington. I honestly think she could someday be president that's not a joke. UNIDENTIFIED FEMALE: Do you have political aspirations? UNIDENTIFIED FEMALE: I have aspirations to do something that matters. Right now, I don't think there's much more I could do than Facebook. (END VIDEOTAPE) HARLOW: A big challenge for Sandberg, she's going to have to figure out how to tackle all the users that are going mobile with Facebook. That is a big challenge. She's going to have to figure that out. Ultimately, Mark Zuckerberg controls the company with more than half the shares. If anyone can do this analysts tell me it's Sheryl Sandberg. She's the one who ostensibly built Google's ad business into what it is today. She's proven to do that thus far at Facebook. You can't overstate her importance in this IPO. ROMANS: You know, Poppy, it's so interesting. She could probably have any job she wanted in Silicon Valley. She could probably be CEO of any company she wanted in Silicon Valley. Do we expect she'll stay at Facebook in the long-term? I know some of her compensation is tied to staying there a few more years. HARLOW: It is. She's got plenty of money. I mean, I doubt it's because of money for her. It's interesting. I was talking to David Kirkpatrick who you saw in the piece. The author of the "Facebook Effect." He knows this company inside out. He knows Mark Zuckerberg and Sheryl Sandberg very well. He told me he doesn't believe he would take it public without knowing Sheryl Sandberg would be by his side for not only a year or two years, but for a good amount of a period of time. The same point, it's interesting their relationship worked so well as number one and two of the company. He said because she doesn't aspire to be CEO. She's fine being Mark's deputy because she doesn't think there's anything more meaningful she could do when you heard say that than be at Facebook. That's key, having someone in that role that is not always looking aspiring to take the CEO spot. ROMANS: All right, fascinating person. Poppy Harlow, thanks. HARLOW: Sure. ROMANS: Jessi Hempel wrote a Fortune cover story on Facebook. Now, Jessie, you've covered Facebook for seven years. JESSI HEMPEL: Seven. ROMANS: Written about it extensively, which is a lifetime in Facebook years? HEMPEL: I know, almost multiple. ROMANS: People buying Facebook stocks are almost betting on Mark Zuckerberg, is that a safe bet? HEMPEL: Today we saw people aren't sure it's a safe bet. I don't know about you, but I was surprised what the stock did. ROMANS: A lot of people thought it was a launch, how big would the launch be, but it was just in the end holding on to $38 a share. HEMPEL: Well, you know, I think part of that is in the last week there's been smart coverage of Facebook and people have been examining the business itself. When you look at the business it's just not a sure bet yet will that's not to say there's anything wrong with it. I think in the last week we heard for the first time actually they haven't quote got it figured out. This is not your next Google. It's a promising start. ROMANS: You mentioned Google. In 2004, Google went public. A lot of people said Google went public with room to grow. Facebook goes public priced for perfection and sized for perfection. HEMPEL: It would seem that, right? Facebook, here is a company, it is growing, but it is growing faster than it is bringing in revenue, right? It's growing in markets where it doesn't make as much money. Users picking up are in Brazil, India, places unlike the U.S. where it doesn't cost as much to advertise. Say what you will, it's a more mature business at this point. So we know a lot more what we're getting when we buy it. ROMANS: I know. We know that each quarter you bring up the users, how much per user $2.80 off each north American user. You look outside North America, Europe, Asia, the average is lower $0.37. Do they have a plan to increase that revenue for the rest of the world? HEMPEL: Well, they have a lot of plans we haven't heard about yet, right. So what we're betting on when we bet on Facebook is that they have a strong management team. And they have got the talent they they'd to unravel this pickle of a problem. We do know they launched an advertising strategy in February. It's just too early to tell if it will work well. ROMANS: You talk about management we just saw an amazing piece about Sheryl Sandberg. You know, the combination of Zuckerberg and Sandberg is pretty powerful. HEMPEL: It is a powerful combination. Sandberg is somebody who you want on your side. Quite simply she has more experience than just anybody else at how to make money off the web. She's done it once before with Google. ROMANS: All right, it's so nice to see you. Jessi Hempel, "Fortune" magazine. Great piece. Thank you. HEMPEL: Thank you. ROMANS: Up next, our traders are here for you. The investment experts with some free advice. (COMMERCIAL BREAK) VELSHI: We took a little time out here so that the boys could stop ganging up on Craig. Ned Riley of Riley Asset Management, Matt McCall, Matt's on the right, Ned's on the left. Craig Shapiro, just like a target, right in the middle, he is a venture capitalist. This is what guys like Craig do. They're looking for the next Facebook. They put money into companies. I don't know if that rule of thumb still applies, Craig, that -- a third of the companies you'll invest in will blow the lights out, do really well, a third will do nothing, and a third you lose money on. I don't know if that's the right ratio, but that's what you do, right? SHAPIRO: Yes, that's right, Ali. In fact, just using Facebook as an example, three venture funds have returned their entire fund just through Facebook alone. VELSHI: So my concern is that you guys are early stage. Now Facebook has entered a stage of maturity. Generally speaking maturity means growth is lower and suckers like us invest in it and guys like you move onto the next thing. SHAPIRO: Here is where I take issue I think with Ned and Matt a bit. People laughed at Peter Theo when he initially invested. People laughed at Yahoo! when they offered a billion dollars. People laughed at Microsoft when they invested a $15 billion valuation. People laughed at Goldman Sachs when they invested in a $50 billion valuation. They are not laughing today. So when you hear Ned and Matt talk about, well, wait a month or invest through 3Qs, it's more technical. The underlying values haven't changed. You've got an incredibly focused founder and CEO with a talented team building a potent product that reaches a billion people. ROMANS: If you're Peter Theil, think about it. Christine here, half a million dollars to help this company get through its first summer, I think. You have to really take big risks and the reward is big. That's the whole point of the thing, right? SHAPIRO: Absolutely. It comes down to risk tolerance. For the average investor if you're concerned about it going through a mutual fund or some exchange could work. If you believe in the company or potential, doesn't matter whether you invest today or next week or next month. VELSHI: So let me ask you this, Ned Riley, for two seconds let's pretend Facebook isn't the only story out there. God forbid I'll have to talk about JPMorgan or Greece, it's going to upset me. Where if you're an investor who wants to feel the juice of the market, the things that are working, the things that are growing, you don't want to have a depressed discussion about how nothing is working. Half of the world is into recession and the other half is slowing down. Where do you go? What do you do? What would you recommend? You're telling me not to get into Facebook, where would I go? ROMANS: Ned, this was the worst week in stocks for 2012. The big story is Facebook, but this is a bad day and bad week for investors. RILEY: That's a great point, Christine, because with all of this about Facebook and everything else, we've forgotten the fact that Google was down $22 on Friday. The tech stocks got murdered. You wonder if Facebook was the catalyst or the sentiment of the market. I like the market today. I think it's got a lot of potential. The answer to your question is I still like the three Qs because they have companies rapidly growing. The price earnings ratio of these companies is reasonable whether Apple or Google or several other tech companies out there. Now, Facebook has a high multiple but you can grow into it. Remember companies like Google were 60, 80 times earnings five, seven years ago. I'm not trying to pooh-pooh Facebook. As a matter of fact, Craig, I congratulate you. I think that's terrific. I don't have any of it. If you want to give me 25 percent of yours at a buck a share, I'll buy it from you. There is a sector going, technology. That is the area where people will make their money. VELSHI: All right, Ned has redeemed himself from acting like a dinosaur, like we don't know technology. We've embraced technology. OK, hold on. When we come back, we've learned a lot about IPOs, listings in public companies and we talked a lot about technology. How do you decide after the Facebook hype is over when to get in on a stock? I'll talk to the panel about that when we get back. (COMMERCIAL BREAK) VELSHI: OK, Ned Riley, chairman of Riley Asset Management, Craig Shapiro, investor with a Collaborative Fund and early Facebook investor, Matt McCall, president of Penn Financial Group. Christine and I were talking in the commercial. The issue here is that you guys represent different types of risk tolerance. Guess what? So do the two of us and all of our viewers. In the end, I think we all agree. All five of us agree, you will not make money sitting the market out. So the question is, how you make decisions to get into the market? Matt McCall, if you are the average investor who gets -- got to be in the market but don't know too much about it, how do you decide how much you pay for a stock? MCCALL: It's a very, very tough question. It comes down to valuation, the amount of money that that stock makes. That's called earnings, earnings per share. You can relate that to the price of the stock. You get the price to earnings ratio. I mentioned earlier in the show, that we have Facebook trading about 100 price earnings ratio. We look at Apple and Google, both below 20, actually Apple below 15. VELSHI: That's the apples to apples comparison, no pun intended. How you determine one is more expensive than the other. Invariably something will be more expensive than something else. I can buy a sweater for $40 at Macy's that I might pay $400 at Prada, doesn't mean that the Prada one's overpriced, it means it's offering something different. Put it in that prospect. Is Facebook the Prada to Google's Macy's? MCCALL: Right. That's actually a great analogy. What you also have to look at price earnings means a lot. Company has a 15 PER ratio and company B has 15 PE ratio, but one is growing at 80 percent and one growing at 10 percent. You better believe I'm buying the one at 80 percent. So you have to look at growth at the same time. We're in a pullback right now too. If I had a dime, let Apple pull back to $5.50. Now down to $5.30 in Apple, you're afraid to buy it. You like that company, believe in it, buy into weakness. It's very tough to do psychologically, but that's how you make money long term. ROMANS: Guys, I want to first give this one to Ned. You know, I think this whole story about Facebook and people learning about what Facebook does is a real great moment for investors. Who may not be paying attention to their investments or may not even be investments. Is there a bigger lesson about the public interest and scrutiny in Facebook and what that tells us about how people should be invested? RILEY: Well, it is. First of all, you should know what you are buying and people do that with the Facebook, because they've used it for so long. But there's another part of it. How much money do they actually make off of what they've developed as huge audience? They've been very successful in what they've done, but you've got to make money and eventually pay out of dividends and good someone return for that investment you make. The problem we've got, it's a retail investor, or if it's institutional investors. There's such a thing calmed emotion in subjectivity that normally supersedes objectivity, and I'm saying in a simple way, people are not very objective with their money. They get emotional, all tied up in and it usually make big mistakes. That includes a lot of sophisticated portfolio managers. I manage a lot of them. Sell out at bottoms and buy at tops. I try to tell people, take the emotion out, try to be objective. Buy when everything in the world looks like it's coming to end. And sell when everybody's happy, a party going upon that's when you run for the hills. A lot of people don't adhere to that philosophy. When they start to lose, it's extremely painful. VELSHI: Well, if there's anything I've learned from you guys is that different philosophies really do prevail and I think a lot of our viewers will identify with each one of you. Ned Riley, good to see you. Ned Riley is the chairman of Riley Asset Management. Craig Shapiro in the middle is the CEO and president of the Collaborative Fund and Matt McCall is the president of Penn Financial Group. ROMANS: All right, guys, Mark Zuckerberg angered some investors when he showed up for his meeting in New York, remember this wearing a trademark hoodie, but there's a secret hiding underneath that great stereo. We'll explain the secret next on YOUR MONEY. (COMMERCIAL BREAK) VELSHI: We told you about price to earnings ratios. We just talked about that and how many users Facebook has. All the information you need if you're a potential investor. But there are a few things about the social network that you probably didn't actually know. Ever wonder why the Facebook interface is blue? Turns out Mark Zuckerberg is red-green color blind. He told "The New Yorker's" Jose Antonio Vargas that blue is the richest color for me. I can see all of blue. Mark Zuckerberg cannot see green, but that doesn't mean he's turned down a lot of green. Four months after the facebook.com launch in 2004, Zuckerberg then 20 years old turned down a $10 million offer for the company. That's according to the book "The Facebook Effect" by David Kirkpatrick. ROMANS: Now maybe if Zuckerberg took some of that money, he could buy some new clothes, right? But, Ali, did you know that Mark's famous hoodie hides this secret. (BEGIN VIDEO CLIP) UNIDENTIFIED MALE: It's a thick hoodie. It's a company hoodie. We print our mission on the inside. UNIDENTIFIED FEMALE: What? My God, the inside of the hoodie, everybody, take a look. What is it? Making the -- UNIDENTIFIED MALE: Making the world more connected. (END VIDEO CLIP) ROMANS: That's Carrie Swisser from all things digital. There he was taking off the hoodie. What's inside? It turns out it is the company motto inside and Facebook issued. Anybody on Facebook can -- VELSHI: Close to his heart. ROMANS: Some people are disappointed. Some of the old school, generation x and above were disappointed when he went down the road show and was wearing a hoodie. VELSHI: I did think I might see him in a suit. I don't know what it would look like. The bottom line is you know what I think about this. This is not an invest matter. This is the fact that I do think they've been responsible for leading a paradigm shift in the internet. If you believe you want your life experience curated by the community you creat, the friends you choose, people you follow and subscribe what he read, like and recommend, Facebook could be the future. ROMANS: Yes, it certainly the future for how you use the internet. Is it the future for making money off the internet? That's the existential question. I will say as well a tough week, the worst week, 2012, for stocks. VELSHI: Worst week for stocks. ROMANS: So what came first, Facebook, its IPO or a bad market? VELSHI: Thanks for joining the very vibrant conversation this week on YOUR MONEY. We're here every Saturday at 1:00 p.m. Eastern, Sunday at 3:00 p.m. Make sure to check Christine Romans on "YOUR BOTTOM LINE" every Saturday morning. Stay connected to us 24/7 on Twitter. I'm @alivelshi. She's @christineromans. The show handle is @cnnyourmoney. Have a great weekend.


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Featured News - Current News - Archived News - News Categories
The Village of Lewiston Recreation Department, with the help of the Lewiston Garden Club, is sponsoring its 17th annual Lewiston Country Fair on Saturday, Sept. 14, at the Red Brick Municipal Building, 145 N. Fourth St., during the Community Yard Sale.
Country Fair
Amateur gardeners, farmers, bakers, photographers and creative children and adults will join in the fair fun. There will be competition, as with all country fairs, for the best in vegetables and the best in flowers. Vegetables will be judged in many different divisions. Large pumpkins will be welcomed.
Flowers will be judged based on those blooming in September as well as dried arrangements and houseplants. Different categories will be included. The entrant must have grown all vegetables and flowers.
Amateur bakers will enjoy the cake, pie, cookie and miscellaneous competition. All ingredients must be from scratch. Ingredients must be listed and cannot include items such as instant pudding, cake mixes, etc. Each division will be judged and produce winners.
Again this year will be the relish and jams competition. This includes pickles, salsa and relishes, jams and preserves. Ingredients must be listed and must be made from scratch.
Families and individuals are invited to submit a scarecrow entry in the "Avenue of Scarecrows." Best of Show will be awarded. Each entrant must supply his or her own scarecrow.
All amateur photographers are welcome to participate in the photography competition. They're urged to submit their photo in one of four categories: nature, people, landscape and photos of Lewiston.
A special prize will be awarded in the Lewiston category winner. Photos must be taken this year and must feature the village. Photos can be in color or black and white. All photos are to be at least 5-by-7 inches and must be matted or framed. One photo entry per photographer can be entered in this category. Applications can be found on the Village of Lewiston's website, www.villageoflewiston.net.
The Recreation Department is inviting people to bring in crafts to be judged. The categories in this competition include painting, wood, woodcarving, Native American beading, card making, a craft project using rubber stamps, a scrapbook page, collages, needlework, quilts, sewing (no clothing, unless part of another craft, such as beading or quilting), decorative wreaths, painting and miscellaneous.
Application forms for the vegetable, flower, food, photography, craft and scarecrow judging are available at the Red Brick (Village of Lewiston Clerk's Office or Recreation Department) and by calling 716-754-1990.
To enhance the atmosphere for the Country Fair, A Step in Time will performing music from 10 a.m. to noon, while The Niagara Frontier Fiddle Club takes the stage from noon until 2 p.m., and Another Thyme performs from 2 until 4 p.m.
The Lewiston Junior Garden Club will have a "Make your own Arrangement" event from 11:30 a.m. until supplies are depleted. Children ages 3 to 93 can make an arrangement with mums by stopping by the Junior Garden Club Booth. All supplies will be provided free of charge.
From 1 to 3 p.m., there will be a petting zoo, and from noon until 2 p.m. the Bounce-n-Around will be available for the children.
With the help of the Lewiston Museum, the Recreation Department will highlight historic postcards of Lewiston from 11 a.m. to 3 p.m. The postcards have been enlarged for the show and depict life in the village as well as a tourist attraction or historic photograph. This "Clothesline Show," the fourth in a series of historic pictures, will be held inside the Red Brick gym.
All events are free and open to residents and non-residents alike. The Country Fair will be held rain or shine with as many events moving inside as possible in the event of inclement weather.
Community Yard Sale
The Community Yard Sale takes place Saturday, Sept. 14, from 9 a.m. until 4 p.m., outside of the Red Brick. Participants can rent a space for the day to sell yard sale items to the public.
If you are interested in obtaining a space, call 716-754-1990, visit www.villageoflewiston.net, or fill out an application in Red Brick.


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Can You Guess the Celebrity Cleavage?
Our mystery cleavage today belongs to a very well-known adult film starlet who has appeared in 148 titles and directed 46 of her own.
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Apply online today!
Myth: Greeks don't have good grades.
Truth: As of fall quarter 2010 the average sorority women's GPA was .03 above the GPA of a non-sorority women while the average fraternity man's GPA is .07 below the GPA of a non-fraternity man's. This shows that being Greek has almost no affect a student's grades. Every fraternity and sorority on campus stresses academics to their members and knows students are here to get an education first and schoolwork will always take precedence over Greek Life.
Myth: Fraternities and sororities are just as seen on TV.
Truth: Many television movies and shows depict the "wild side" of Greek life and choose to amplify its supposed "horrors." In doing so, many movies and shows forget to add the beneficial sides of joining a Greek Chapter and portray its positives of sister/brotherhood, community service, etc. Although there are some isolated instances of hazing and alcohol related occurrences, many institutions and Chapters are taking preventative stances to further hinder these tragedies and Otterbein's local organizations have a great reputation.
Myth: Going Greek will take up all my time. Truth: As with any organization, being Greek is a personal choice and it's up to you how much time you wish to devote. Yes, there are requirements that vary by chapter, but every chapter is flexible and understands today's students' work. They are very flexible as long as you are open and up front about your various commitments.
Myth: When you join a fraternity or sorority you are simply "buying friends." Truth: Since fraternities and sororities are non-profit organizations, dues are used to fund various parts of its day-to-day operations, including academic incentives, room and board, scholarships, sporting and social events, and many other normal everyday expenses. If this is a concern be upfront with the chapter you are considering, they will provide you with a breakdown of how much you would owe and exactly what that money is being spent on. It is all an investment back in you.
Myth: Once you join a fraternity or sorority you're not allowed outside friends. Truth: Fraternities and Sororities encourage their members to be friends with everybody! The main goal of our Greek Community is too create a community, not just within our chapter or Greek Life, but for all of Otterbein. To create a welcoming and inviting campus to all who visit.
Myth: Hazing happens in every fraternity/sorority on campus. Truth: Hazing is the most dangerous and destructive practice that an organization can take part in. Although many people automatically associate the term "hazing" with the idea of mistreating or abusing pledges or new members, any member can actually be a victim of hazing. Hazing is a societal problem. Hazing incidents have been frequently documented in the military, athletic teams, marching bands, religious cults, professional schools and other types of clubs and/or organizations. Hazing is not only against Otterbein policy, it is against the law in the state of Ohio. Otterbein University provides training for all of its students groups about what hazing is along with the dangers and legal ramifications. Hazing is not tolerated.
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NEW DELHI — Fresh troubles are delaying India's indigenous Tejas Light Combat Aircraft program, with final operational clearance slipping by over a year to December 2014.
Testing challenges and performance-parameter issues have delayed flight testing, operational envelope expansion and certification, leading to the Indian air force (IAF) reluctantly agreeing to a 12-month slip in declaration of the aircraft as fully operational. The IAF is viewing this as a setback to timely delivery of production series aircraft, though squadron service is still set to begin in mid-2013 in the initial operational configuration.
The seventh limited series production aircraft, a replica of the Tejas in its production series configuration and already delayed by over six months, is slated to make it first flight this month. Different versions of the aircraft are currently undergoing weapons and sensor tests at three air bases in the country. The program is designed to integrate and test beyond-visual-range weapons, rockets and guided bombs, expand the platform's flight envelope and improve turn rate.
A senior IAF officer says, "The parameters listed as untested during initial operational clearance in January 2011 — including all-weather clearance, lightning clearance and wake penetration — are yet to be proven on the Tejas. Certain other performance issues, including minimum/maximum g-limits and certain precision weapons tests, are to be demonstrated. The program has sought time beyond the deadline of June 2011."
IAF leaders, who had grudgingly accepted initial operating capability in January after ceding certain marked-down performance parameters, are not happy. A year-long delay in deployment of the Tejas means further pressure on squadron numbers. The Tejas was to be deployed in a refurbished air base at Sulur in South India by July 2013, though it is now likely to be the end of 2013.
An official with the Aeronautical Development Agency (ADA), which oversees the Tejas program, says: "The IAF has agreed to a 12-month extension for final operational clearance, contingent on certain additional performance parameters. It is a minor delay that will be made up in tests. We have completed an important series of weapons tests both at day and night."
Preliminary design and configuration studies of the $542 million Tejas Mk. 2 effort, to build a variant powered by the General Electric F414 turbofan, have been completed. The more powerful aircraft is expected to see prototyping by 2013 and a first flight by 2014 — right about the time the Tejas Mk. 1 is declared fully operational.
The IAF has said it will induct at least 83 Mk. 2 versions of the Tejas if it meets performance requirements, including a smaller maintenance footprint, shorter takeoff and better turn rate.
First Flight
In a parallel development, the Stobar (short takeoff but arrested recovery) version of the Tejas, the LCA-Navy, has finally been declared ready for its first flight, following a delay of more than 18 months. Defense Research Development Organization chief V.K. Saraswat indicated that concerns over platform safety had been overcome and that the team was finally confident about entering the flight-test phase.
Persistent doubts about the platform's landing gear, recovery mechanism and approach control laws had pushed back flight tests. Following successful engine ground runs starting in September, then taxi trials, the program team is finally ready to put the jet into the air.
"There's a great deal of pressure," says a senior source on the LCA-Navy program. "This is India's first indigenous naval carrier-borne fighter. We hope to shift testing to Goa by the middle of 2012 and begin testing at the Indian navy's shore-based test facility for arrested recovery operations."
Both the air force and navy variants of the Tejas have depended on technical consultations from EADS to optimize systems and speed up flight test and certification.


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Start collecting
ex. Jaeger Collection Leonard A. Lauder Collection, Museum of Fine Arts, Boston, Fractional gift of Lauder (Accession date: March 20, 2002).
Credit Line
Leonard A. Lauder Collection of Japanese Postcards
Japanese, Late Meiji era, 1912
- Artist Unknown, Japanese
- Printer Nihon hagaki kurabu
- Publisher Hochi shinbun sha


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personalised Cream Teddy Bear Gift Will you be our Ring Bearer.
Personalised Cute Cuddly Bear In A Bag.
Lovely way to ask you little Ring Bearer's to be included in your wedding, personalised with any text or name this personalised teddy bear in a bag is a great gift.
These lovely bears have got to be the softest bears you can get.... cute and cuddly with a personalised t-shirt. They do have a smile under all the soft fur, a perfect gift for anyone who like cute things. The printed shirt can come with your words or if you just want our example text with your details included that's great. You have the option of a cream or light brown colour bear, they both have different expressions and personalities so your choice, if you are buying for girls or boys you can mix the colours.
The Large Bear is approximately 30 cm tall in sitting position.
- Plush cream and mid brown coloured bear.
- White cotton removable short sleeve t-shirt.
- Complies with EN71 European Toy Safety regulations.
The Bag : Natural Cotton Drawstring Stuff Bag
These personalised cotton bags are especially printed to match the bear.
The Bag:
- 100% Cotton - 140gsm (4.1oz/yd²)
- Rope draw cord closure
- Self fabric draw cord or handle.
- Unbleached and un-dyed.
UK Shipping:
Free UK shipping option is offered at check out with fast shipping options with signed for and next working day for quicker shipping options. We try our hardest to produce and ship your product as fast as we can. In fact, we will usually make your product in following 24 hours, from receiving your order.
Your order will usually dispatch within 2 to 3 working days, using the Royal Mail 24 service for a quick and efficient service.
As you would expect there are busy times such as at Christmas, dispatch times may take slightly longer.
If you need something urgently then you can always add a note to your order or use the next working day delivery option,
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If your order has not reached you within 5 business days, the best first step is to contact your local post office in case they are holding the package for you.
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If you are buying a gift to be delivered elsewhere, the 'billing' address must be your own, however, you can choose a different 'delivery' address. We do not include any invoices or payment information in the packages sent out, this is all emailed to you at the address provided on the order.
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We have laid the options out on the product page, just click through to choose size, colour ext. If there is a text box, this is usually for personalisation, the other instructions you can let us know any changes in colour or additional text.
Just type the text you want to appear on the product in place of the example. But please do check your order form for the correct spelling and capital letters, as this will be copied directly on to your product.
If you do notice a mistake in your order details, please message us as soon as you can, we may be able to make the correction before it is printed.
The other instructions box is there for you to give us clear instructions if you want to change anything, or if you run out of space in the personalsation box. Remember the clearer your instructions are the easier we will make you product look as you intended.
If we have any queries we will always contact you for clarification or if you are worried just give us a call or contact us here, so don't worry just go ahead....personalise away.


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Serious Eats – How to Conduct a Spirits Tasting
Fellow blogger Michael Dietsch of A Dash of Bitters has a great post over at Serious Eats, Cocktail 101: How to Conduct a Spirits Tasting. This post is part of Michael's ongoing Cocktail 101 series that introduces readers to some the fundamentals of cocktail making. They're all worth a read, but this one is particularly timely for me.
Spirits tasting is something I do often, both alone and with friends, to sample the spirits I get for review. But, it's also something I'd like to get a lot better at. After having attended a few guided tastings from the pros I realize that some of my practices need more rigor and I need to expand my palate. So, to get my head around tasting and fill you all in I'm going to be working up my own post in the coming weeks that talks about the process I follow and how to guide friends through a tasting. If you haven't hosted a tasting of your own you definitely should. They're a ton of fun and can be really eye opening. Especially if you do the tasting blind. You'll be amazed of the effects preconceptions can have.


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What better way to celebrate Valentine's Day than with a spatula parody fan art? Spending time with loved ones, you say? I didn't buy internet steal the neighbor's wifi so I could spend time with people. What are you, some kind of functional member of society or something? I've heard of those. Sounds like a lot of work. No sir, I don't like it.
Photo Credits:
- First four pictures: Garrison Dean at io9 (more cards at the link).
- Fifth and Sixth: "Lost" cards by Lee Bretschneider, found by thedw (more cards at the link).
- Seven thru eleven: Star Wars cards by James Stowe, found by Geekologie (more cards at the link).
- Last one: probably made by a goon at SomethingAwful.
There's also a video below of the BBC's Misery Bear celebrating Valentine's as only Misery Bear can. I also found this list of 14 scenes of hearts being ripped out. 'Tis the season.


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Newberg couple travels the world by bike
By Nico Hamacher, news intern
Two Newberg residents have embarked on a trip most people only dream about.
Janet Peterson and Jason Swenberger began their lengthy cycling journey in Norway after leaving Newberg in early June, they plan to return in time for the 2015-2016 academic year.
While the couple, both long term bicycle enthusiasts, acknowledge that they will not actually be circumnavigating the Earth, they plan to bike through multiple continents, including parts of Europe, Asia, and possibly New Zealand and South America.
In the past they have completed bicycle tours in parts of Germany and Wales as well as around Washington and Oregon, but this trip will far outlast all of their prior trips.
Peterson is an associate professor of health and human performance at Linfield College. Swenberger was a medical surgical nurse at Kaiser Permanente in Hillsboro up until the two left on their trip. They have lived in Newberg since 2003.
The couple had considered taking a long trip around the world in the past and began saving money more than a year ago. In November, Peterson applied for a one-year leave of absence from Linfield and was approved.
The idea of not working with students for a year is difficult, she said. But the experience I will bring back to the classroom will only help me to be a better teacher.
After receiving the approval from Linfield the two began planning their trip, which included selling many of their most valuable possessions. We are now car-less for the first time in both our adult lives, Peterson said.
Since arriving in Oslo, Norway, nearly 45 days ago the couple has traveled through Norway and Denmark and is now cycling along the northern Germany coast. In total they have traveled more than 1,000 miles according to their blog.
We dont really plan too far in advance, Peterson said. We travel to where we want, when we want (to).
The duo is headed in the general direction of Istanbul, Turkey. They plan to travel by plane to Southeast Asia where they will continue their journey before possibly moving onto the South Island of New Zealand, which would take them into February or March of next year.
After that it gets a bit fuzzy, Peterson said. We have talked about Australia and Tasmania, the Italian alps or even South America.
Wherever they go, Peterson and Swenberger say they have little trouble finding places to stay and eat. Peterson said that, while they camp as much as possible, they also use the websites www.warmshowers.org and www.couchsurfing.org to find places to spend the night. The majority of campsites they have encountered so far have been well developed with showers and other amenities.
Peterson explained that the two chose bicycles as their mode of transportation since cycling allows them to explore many places that most tourists never get to see. We dont zoom by towns at 120 (kilometers per hour). We spend time in small, off-the-beaten-path-out-of-way-places, she said. Jay and I are not out to beat any distance or speed records. We are cycling our own journey.
To follow Peterson and Swenbergers journey, visit their blog at www.jjpeterberger. wordpress.com or their Face book page at http://on.fb.me/ 1tWKlTw.


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Catering Championship Style BBQ in Southern California Competing in and Organizing BBQ Cook Offs Serving our Community and Jesus
Thom Emery is an avid member of the barbeque community, both as a contest organizer in the West and a competitor. In 2009 Thom organized the Stagecoach Music Festival BBQ Championships, the largest cook off in California to date, in which 59 teams participated. Thom is also a speaker and host at organizer roundtables where new and experienced contest organizers gather to refine their skills.
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Yakima SpareTime
Yakima's SpareTime mounts to your vehicle's spare tire and holds two bikes. Anti-sway cradles hold the bikes securely ensuring they can't bump into each other. Plus, this nifty rack can be offset to allow your bikes to be more centered behind the vehicle, and the arms fold down when not in use for easy storage. A locking cable is included, and the universal mounting plate fits most spare tire lug patterns.
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At first glance this seems to be a great rack for people with exterior spare tires, Jeeps, Honda CRV, etc. I purchased this rack and installed it on a 2010 Jeep Wrangler with over sized spare tire. The rack comes with mounting plate and 3 different "tongues" to mount the rack. It was installed pretty easy about 20 minutes. First problem was when I wanted to place a second bike on the rack there was no way to do this as the arms are just too short. You might be able to mount 2 road bikes nut 2 mt bikes were impossible. I decided to keep the rack as I really liked it plus I could get to stuff in the back of my Jeep and used it for solo rides, (when my wife comes along I just mount my hitch rack.) About 3 months after I purchased it the plastic started cracking all the way across. I returned it to REI (great return policy) and they replaced it, about 3-4 months later the same crack formed and I called Yakima about the various complaints I had. They pretty much brushed me off, "If you don't like it, don't buy it" was their answer to each of my questions/concerns. I returned it and got my money back. A good product in theory but needs a lot of QC and a lot better customer service.


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Lance Armstrong is finally ready to talk. And Oprah Winfrey is willing to listen. But does he have anything new and important to say? He and his interviewer will look plain silly next week if Armstrong just belatedly admits to what has become blindingly obvious: that he didn't win the Tour de France seven times on bread and water alone.
Armstrong's path to some sort of redemption, if there even is one, cannot lie in a televised and webcast chat with Winfrey, but in total cooperation with the anti-doping and cycling authorities who say he was a serial cheat. They could still use his help to prevent future deception on such a mammoth scale if he was willing to give it.
The U.S. Anti-Doping Agency produced hundreds of pages of seemingly damning evidence that Armstrong systematically doped. Who else knew? Who were the drug pushers? Who provided the medical expertise? How was doping hidden so effectively and for so long? Did officials who run cycling know? Were they paid to look the other way? How, precisely, down to the very last detail, did Armstrong, his teammates, doctors, managers and others for years run what USADA described as "the most sophisticated, professionalized and successful doping program that sport has ever seen?"
Those are the important questions for Armstrong, not how he feels about his downfall and being stripped of the Tour wins that made him famous. A few baleful looks of regret in his steely blue eyes, a drip or two of remorse, a flash of anger directed at those who exposed him or a give-me-a-hug speech about how recent months have been tough on his family would be compelling television, because watching once powerful people squirm always is. But talking to Winfrey won't be of considerable help to the fight against doping, for his sport or even to any hopes Armstrong may have of perhaps one day being freed of his lifetime ban from competition.
Names, dates, bank records, email chains and sworn testimony from Armstrong. That's what could be useful. Evidence that perhaps only he could provide to maybe expose others involved in doping — people who might still be in sport today, still maintaining the code of silence.
Another important question for Armstrong is whether doping might somehow have contributed to the testicular cancer that spread to his lungs and brain in his 20s. Armstrong has always maintained that he didn't dope. If he now changes that story and tells Winfrey he believes it was a factor in his illness, perhaps that could deter other athletes asking themselves whether steroids are worth the risk.
An Armstrong confession "could be important for the future generations, and important for the sport," said Filippo Simeoni, a former Italian rider. "It would be huge, especially if he tells everything."
"The Armstrong phenomenon wasn't just about him. The entire system was involved. He was allowed to do what he did with a lot of people's help — for years and years," Simeoni said in a phone interview. "It seemed like everyone knew but nobody said anything."
Armstrong merely telling Winfrey that he is sorry, that doping wasn't a major deal because so many in cycling were doing it, or that his campaigning against cancer should outweigh any bad he did as a cyclist, would be self-serving, useless to the effort to clean up his sport.
The World Anti-Doping Code offers the potential reward of reduced bans for repentant cheats who cooperate with the authorities and provide "substantial assistance" to unmask others. Sitting on a sofa with Winfrey wouldn't count. Any "substantial assistance" Armstrong could provide would have to be given under oath to be considered for any possible reduction to his lifetime ban, the World Anti-Doping Agency says. It also would have to be new evidence, stuff USADA didn't already have. And article 10.5.3 of the anti-doping code says that, at best, a lifetime ban cannot subsequently be reduced to anything less than eight years. So Armstrong, now 41, could be well into middle age before he might become eligible to compete again in triathlons, one of his post-cycling pursuits before he was banned.
So why bother talking to Winfrey, why agree now to what her website bills as a "no-holds-barred interview?" Armstrong said in a statement last August that "regardless of the circumstances," he would never again speak publicly about the USADA charges. So why the U-turn?
Because, for whatever reason, Armstrong has decided that talking again is now best for him. But it's what he says — or won't say — that matters. Maybe he won't confess anything to Winfrey. He could simply use her platform to once again tear into USADA and its CEO, Travis Tygart, accuse him of wasting taxpayer dollars on a "witch-hunt." British bookmaker Ladbrokes was giving even odds Wednesday that Armstrong would tell Winfrey he is innocent and never tested positive.
Or he could maybe say sorry but not say exactly what for. Contrition without a confession. Say something just short of "I doped" to try to avoid legal exposure that doing so might bring. Wriggle past Winfrey's questions the way he used to find gaps between riders in the pack at the Tour.
A plus for him is that Winfrey was ever so gentle when she interviewed Marion Jones in 2008. She didn't challenge the disgraced former sprint star when she said that she never knowingly took performance-enhancing drugs. Jones said she believed she was taking a supplement — flaxseed oil.
"I take flaxseed oil," Winfrey responded helpfully.
Winfrey is interviewing Armstrong at his home in Austin, Texas, so he'll be on comfortable ground. What a hoot it would be if they speak in the room where Armstrong has hung seven of the yellow jerseys the Tour gives its winners. Last November, he posted a photo of himself sprawled on the sofa in that room, looking up at his shirts, with the breezy words: "Back in Austin and just layin' around." That was provocative, not seemingly the action of someone gripped by remorse.
If Armstrong does break the habit of a lifetime and confess, he surely would also have to apologize to begin rehabilitating his reputation and standing. Lots of apologies. To those he duped. To those who may have had more successful careers in cycling had he and his team not scooped up so much glory. To critics he savaged. To people who stood up to him, like Simeoni, the rider Armstrong tore after and tried to silence at the 2004 Tour after the Italian spoke to authorities about doping.
For all of that and for a career that USADA demonstrated was largely built on fraud, 90 minutes with Winfrey will not make amends.
John Leicester is an international sports columnist for The Associated Press. Write to him at jleicester(at)ap.org or follow him at http://twitter.com/johnleicester
Copyright (2013) Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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Item Description
Speech, John Brown
Author: Brown, John , 1800-1859
Date: ca. March 1857
During the spring of 1857, John Brown traveled to several Northeastern cities (specifically, in Brown's home state of Connecticut) to solicit financial support for the Kansas crusade. In the speech delivered from these handwritten notes, Brown outlined some of the many sacrifices he and others had made to give his audience a sense of what was needed and discussed the unfolding situation in Kansas Territory.
Location of Original: KSHS Call Number: John Brown Collection, #299, Box 1, Folder 21
Item Number: 102588 Number of images: 3
Keywords: Border disputes and warfare; Border ruffians; Brown, John, 1800-1859; Brown, John, Jr.; Buford expedition; Cato, Sterling G.; Crops; Finance; Free state cause; Hartford, Connecticut; Jones, John Tecumseh (Tauy); Lawrence, Kansas Territory; Missouri; Osawatomie, Battle of; Proslavery activities; Speeches, addresses, etc.
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