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Tuesday, October 21, 2008
Memo to Google: Don't "Grow Up"
Google's Cash Conundrum: Too Much
Could Google provide a stimulus package to help boost the ailing U.S. economy?
Google CEO Eric Schmidt revealed Monday to The Wall Street Journal that the company is "thinking" about returning cash to shareholders. It's only a concept at this point, mind you: Mr. Schmidt ruled out a dividend and said no cash return was likely anytime soon.
—The Wall Street Journal, October 21, 2008
Did Eric Schmidt learn nothing this year?
And does the Wall Street Journal not pay attention to the very headlines it has been writing these last few liquidity-deprived months?
Could it be that a single weekend without five or six bank failures around the globe has blocked out the memory of five or six months' worth of round-the-clock meetings involving sleep-deprived Treasury officials crafting rescue packages for every major investment bank—save the one that filed Chapter 11—in America?
Did we miss something, or did Team Iceland—by losing all three of its banks in one week—not just bat 1.000 in the Bank Failure World Series?
Was this whole crisis all a dream?
Apparently it was, because the above-quoted Wall Street Journal article provides a circa 2005-2006 take on the miseries of a publicly traded corporation with too much cash:
Google's growth and love of experimentation is not over. But, on the financial front, it may be growing up.
If "growing up" means throwing away cash on the kind of mindless, investment banker-enriching share buybacks and special dividends that Dean Foods, Scott's Miracle-Gro, Office Depot and many others embarked on at precisely the wrong time, financial-crisis-wise, we vote for Google remaining a strapping youth.
Readers may recall the "growing up" of Office Depot CEO Steve Odland, who "cleared the balance sheet" of nearly $1 billion in cash in fiscal 2006, buying 26 million shares of Office Depot at an average price of $37. (See "The Shareholder Letter You Should, But Won't, Be Reading Next Spring," from August 08, 2007 and "Attention Target Management: Pay No Attention to Analysts Begging for Buybacks," from November 21, 2007).
Odland's move earned kudos from Wall Street's Finest and temporarily provided a lift to the stock price of a second-string office products distributor, but it did nothing to turn Office Depot into a first-string office products distributor, nor did it prepare the company for whatever the world's economy could throw at it: the stock could be bought yesterday at $2.85 a share.
Thus it was with some shock we read the following about Google's supposed interest in the same sort of "cash-clearing" exercise that crippled more than a few companies at precisely the moment they could least afford being crippled:
Even so, it was a telling comment, indicating that despite Google's continued investment in a range of new business initiatives and infrastructure, the company's cash is piling up faster than it can be spent. On Sept. 30, Google had $14.4 billion in cash and marketable securities.
It may also signal that management is concerned about the roughly 50% fall in Google's stock price over the past 12 months.
We have never seen a company—particularly a supposed high-growth enterprise such as Google—that has successfully propped up its stock in any other way than by continuing to grow its business in a rational, sustainable manner.
And that includes especially the kind of "cash-clearing" follies that helped bring Office Depot from $37 a share to less than $3 in a few short years, and paralyzed hundreds of other companies that might otherwise have taken advantage of cheap prices in the current liquidity squeeze, while forcing the least healthy to seek shotgun mergers or worse.
If a lesson is to be learned from the last three months, it is that cash is not 'trash,' as the saying goes: it is a valuable strategic asset that gives a company an enormous leg up when its competitors have had their legs cut out from underneath them.
Just ask Steve Odland, Eric.
Jeff Matthews
I Am Not Making This Up
© 2008 NotMakingThisUp, LLC
The content contained in this blog represents the opinions of Mr. Matthews.
Mr. Matthews also acts as an advisor and clients advised by Mr. Matthews may hold either long or short positions in securities of various companies discussed in the blog based upon Mr. Matthews' recommendations. This commentary in no way constitutes investment advice. It should never be relied on in making an investment decision, ever. Nor are these comments meant to be a solicitation of business in any way: such inquiries will not be responded to. This content is intended solely for the entertainment of the reader, and the author.
13 comments:
- Reginald said...
The best solution is a reasonable quarterly dividend, which leaves the company with the same cash hoard. Buybacks mostly remove shares issued in stock options for management. Companies that pay sustainable dividends have seen their stocks dive, but not to the same extent as others that pay no dividends.
- Lyon Jewett said...
If what Jeff just wrote isn't a good indicator of things to come for these guys I don't know what is.
- Anonymous said...
Well said Jeff. Looking back, it really exposes what management teams were NOT good allocators of capital and who DID give into the institutional imperitive to maximize shareholder value. Immatator activist hedgfunds pushed them along to do so...go for them I guess, however rarely did I see a activist position do more good than harm (Pirate Capital to name one..). That said, what made so many companies so attractive to Ben Graham and WB post depression WAS the fact that they horded cash, which was acceptable to the investing public due back then due to the impact of the Great Depression, Hence they were able to buy companies at .40c on the dollar...My question then is, are we at the beginning stage of that hord and acceptance? P.S. You were a great speaker at the Value Congress in NYC..."GE; What did Warren Buffett do/did?" Good luck with the book, I look forward to reading it before my first pilgramidge this May!
- Jeff Matthews said...
Much thanks.
- Anonymous said...
Cash on the balance sheet may be more valuable than it appears at first glance due to the flexibility it gives management, especially in times of crisis. Real options have value, and you could argue that having cash in times of crisis is like a real option.
And obviously, buying back shares at a premium hurts long term shareholders and destroys value in the same way greenmail did in the 1980's.
The last time I checked, Google was continuing to grow and steal market share away from Yahoo!. The company is hardly mature, at least if you base it off of their most recent earnings call. Shares may finally becoming reasonably priced, and dare I say it attractively valued . You no longer have to pay up as much for the company's growth, which I refuse to pay for.
- Tsachy Mishal said...
I could not disagree more. You are comparing apples to oranges. The companies mentioned got in trouble because they borrowed money to buy back stock. Google has no debt and they can buy back stock and still have tons of cash left over. Generally, buybacks don't benefit high growth companies because they are buying back stock at 40 times earnings. However, if Google can buy back stock at 15 times earnings I believe it would be advantageous, especially if they can keep up their growth.
- Marc O'sullivan said...
For the past two years, Google have been walking the fine line in their communication strategy: bundling their 800-Pound Guerrilla conduct while maintaining their start-up mentality. The same set of mind that made Google > Google.
These "thinking" about returning cash to shareholders seem to be a result of that tension.
- Anonymous said...
If the cardinal rule is to enrich the shareholder would not a dollar in the hand right now be better than dollars on the balance sheet while the stock has still declined by 50%?? if they want to pay out cash to the owners of the company instead of trying to buy companies that may not be profitable let them, it is what any small business does.
- Jeff Matthews said...
This "enrich the shareholders" nonsense has been spouted by management with underwater stock options at the behest of investment bankers who wanted to do deals, period.
Yahoo spent $5 billion "enriching shareholders" via stock buybacks the last 3 years...and what they did was disinvest in their business and lose their lead to Google.
If Yahoo hadn't been so focused on "returning value to shareholders" by throwing away $5 billion on a fad, they might have found a way to compete with Google.
"We have dry powder and a loaded gun," Buffett has been telling shareholders for several years. These days he's been using it to the shareholders' future enrichment.
Why should Google dribble away its dry powder on nothing but a fancy way to keep the stock chart from breaking down?
Of course, I could be wrong. But show me one company that today is glad it spent its cash "returning value to shareholders" during the easy credit years instead of keeping that cash for the day when bargains galore are out there nobody else has the ability to do it.
My two cents.
- Anonymous said...
I agree with you JM. Remember when Domino's Pizza (DPZ)did its special dividend back in May 2007? Right before fire was yelled in the room at Bear Stearns in June/July of 2007, near the very top.
If I recall the transaction was basically a recapitalization and DPZ took on a lot of debt (about $1B). This wasn't a stock buy back, of course, but the same thought process went into the recap here in my view, and the "returning value to shareholders" line appeared somewhere in the process. How I bet DPZ would love to still have that cash today.
Of course, returning cash to shareholders isn't always a bad thing, it just depends on the circumstance and its something that requires judgment. At the end of the day, there are no hard and fast rules, just common sense.
- ajr3x said...
I don't completely disagree with you, but I'm not sure the share repurchase decision is so black & white.
The way I look at it is if mgmt can buy back stock - without risking the balance sheet - at prices well below a conservative estimate of intrinsic value, then they should consider that option.
However, they should weigh the potential returns on those share repurchases (as measured by the upside from repurchase price to estimated intrinsic value) against alternative options, such as cheap acquisitions, investment in new growth opportunities, dividends, etc.
Leon Cooperman gave a good presentation at last year's Value Investing Congress on Teledyne's founder and former CEO (Dr. Henry Singleton, I believe) and his knack for doing tenders and buybacks at very opportune times. He ended up creating significant value for his shareholders by periodically buying back his stock at cheap prices over several decades. I think Teledyne's shares' CAGR during his 35-yr tenure was something like 23%.
Of course, this method requires a keen "feel" for intrinsic value and prudence to not take the process too far up the risk curve. Still, great managers should know their own business and its long-term prospects better than they're likely able to assess the prospects of another business they might consider acquiring. If they can combine that knowledge with an ability to estimate intrinsic value then I think they could be strong capital allocators.
I totally agree that there were downright stupid share repurchases done at stupid prices in recent years...especially those funded with extreme leverage added to the balance sheet, a la private equity's approach.
That said, it seems managers with good businesses with a reasonable degree of predictability/non-cylicality should at least consider buying back stock as one of their capital investment options...especially if their shares trade at a deep discount to a conservative estimate of intrinsic value, they have excess cash, and they continue to generate significant free cash flow.
As for Google, I have no firm opinion on how it should allocate capital b/c I don't know the business that well.
Love the blog and just received your book from Amazon. Looking forward to reading it.
- Anonymous said...
Wait a minute, isn't it the ultimate return of cash to shareholders that determines their returns? the question is, what can Google do with its cash, if it can "add value" (an admittedly imprecise concept) by retaining it/spending it, fine. However, your analysis ignores the other way managements love to destroy value: bad acquisitions. So let's take a look: in all the things Google has done beyond its core search efforts, how much value have they added? Do we think they will be superior buyers of other guys' businesses? if so, fine, but if we question that (as i do), then a program of returning excess cash to shreholders is a far better plan.
- Jeff Matthews said...
I agree that there are circumstances which arise in the course of a company's life when share repurchases below intrinsic value are the best use of cash.
And, as 'anonymous' points out, some acquisitions (many acquisitions, actually) can be quite poor uses of cash, and that the notion of returning cash to shareholders is not a mere fad, but the fundamental premise of capital markets.
My issue is with this knee-jerk, "return value to shareholders" sweepstakes that so many companies joined in, and have been crippled by, in the last five years.
If Google's CEO had said, "You know, our stock price makes no sense; we can get a better return on our cash by buying stock than we can in CDs; and we have no forseeable need for major acquisitions, so we're buying," then I'd say it's probably the right thing to do.
But what I heard him say was something to the effect of, "Our stock is down and we have millions of options under water...but we have lots of cash, and maybe we could return value to shareholders and also support the stock price and make those poor shlubs who own all those worthless options feel a little better by doing something."
And that's a poor reason to dilute one of the strongest balance sheets in corporate America.
Of course, that might not be what he meant to say.


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You're going to miss July, aren't you? So are we. We've left a little piece of ourselves in July. Our innocence, for one. Our hopes and dreams, perhaps.
Barreling into August, the time when fans of pro and college football can't wait to get their arms around more media TV information thinking that will speed the process up of the start of the '09 schedule, we've learned some lessons in patience.
Kids today who have no idea how to be still and quiet with themselves, enjoying a moment of peace by shattering it with a cellphone text to no one for no apparent reason because they feel they've been left behind on the highway of information, stalled and unable to get around a traffic jam-up of fragmented sentences and run-on icons, should stop and smell the technology's residue.
That was your moment of Zenacity.
Now, to other things we've learned this week in Mediaville before Month No. 8 arrives:
== Dave Sims, a voice on the Seattle Mariners, says that other than him, the Dodgers using Eric Collins and Mike Clairborne on St. Louis Cardinals' radio, there aren't that many African Americans doing baseball play-by-play (linked here).
== Someone in Britian now cares to watch MLS games? (linked here). Oh, the first live MLS match will be on Aug. 8 when David Beckham's Galaxy plays New England (do you think England fans know that New England isn't part of their territory?)
== You got any opinions about ESPN sticking its MLB game analysts in the photographers' well? (linked here)
== Why is it so weird that a sports writer has inquired about getting a front-office job in a big-league team? (linked here). How do you think Fred Claire and Ned Colletti got to where they were/are with the Dodgers? Can someone point that out to Omar Minaya (linked here)? What is Adam Rubin supposed to do? (linked here)
== Does ESPN have a "do not associate with" list? (linked here)
== Does ESPN has a "do not rehire" list after what this Dallas radio guy did, calling 'em out for not reporting on Ben You-Know-Who-Berger? (linked here)
== Erin Andrews has a lot of … juice (linked here). And, unfortunately, a reason to call the police (linked here).
== Doesn't Vin Scully's body of work literally speak for itself? He shouldn't have to excuse himself if he decides to hang it up after this season, no matter what he tells anyone in July (linked here)
== Our fake sports story highlight of the week: "Lance Armstrong Inspires Thousands To Come In Third To Cancer" (linked here).
== Our real sports story highlight of the week: "Sportswriter charged in prostitution ring case" (linked here).
This quote is on page 54 of the new issue of ESPN The Magazine (Aug. 10 edtiion, with Yadi Molina on the cover):
"A casual cafe with a friendly attitude and satisfying, familiar food."
— Larry Lipson, L.A. Daily News, November, 2007.
That's the now retired newspaper food critic/reviewer/freeloader, and something he wrote back before hanging up mask when he visted Jeff Suppan's Soup's Sports Grill (21028 Ventura Blvd., Woodland Hills) (www.soupsgrill.com).
The Daily News is finally represented in ESPN magazine — by a food review.
ESPN has done a spread on athletes who own restaurants, and picked the Milwaukee Brewers' pitcher (out of Crespi High) as one to highlight.
The story says Suppon, pictured with his laptop, is in constant contact with those running the place during the season, and he responds directly to customer feedback "and logs into a feed of the restaurant's security cameras from his laptop to check the crowds on Wing Night Wednesday."
So, next time you're there, turn and smile, and wave. And drop Soup a note, and he'll write back. Seriously.
Drinks are on us. Not seriously.


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by Lou Mancinelli
Members of the Friends of Wissahickon (FOW), with help from employees of the city's Parks and Recreation Department, District Four, are spearheading restoration efforts in Wissahickon Valley Park to repair damage caused by surging floodwaters caused by Hurricane Irene.
Some immediate problems caused by the storm, like certain washed-out trails along Forbidden Drive, have already been repaired by Parks and Recreation workers, according to Maura McCarthy, executive director of FOW.
Members of FOW will meet with Parks and Recreation officials in early September to discuss the remaining restoration efforts, according to McCarthy.
High winds and flooding caused by Hurricane Irene on Aug. 27 and 28 swept along the East Coast and New England. New York City and Philadelphia public transit systems were shut down. Mayor Nutter declared a state of emergency.
In southeastern Vermont, people in 19 towns were left with no way out of their communities because roads had been destroyed by the storm, National Public Radio reported.
In the Wissahickon, damage included felled trees, washed out and eroded trails, loss of electricity, basement flooding and eroded lower parking lots at the Valley Green Inn. Forbidden Drive by Wises Mill Road and Valley Green require total rebuilding, with deep soil deposits in some places, and scouring in others, according to FOW.
McCarthy urged people to avoid trails at the present time while they are wet, so as to minimize the potential of further damage. The terrain in these areas is uneven and may not be suitable for regular trail activities such as running, biking, horseback riding or even walking for some users until repairs are complete.
She also stressed that the water in the park was not safe at present, due to sediment, high amounts of fecal matter, protein, herbicides and pesticides that washed into it during the storm. This is true after any rainstorm, she said, not just a hurricane.
The floodwaters washed out Forbidden Drive in several locations, according to a message posted on the FOW homepage. Those locations are near Rex Avenue, between Wise's Mill Road and Valley Green Inn, and between Gorgas Lane and Mt. Airy Avenue.
Some problems were fixed Saturday evening, during the height of the storm, according to Mark Focht, first deputy commissioner of Parks and Recreation. He said crews were at work in the park by 8 p.m. Saturday and worked a 24-hour shift.
The crew worked on trails along Forbidden Drive that were completely washed out by the storm. By Monday morning, crews had already moved stone, re-graded and rebuilt the trails, according to Focht.
"We will look at what's left [to be done] and decide how it can best be handled," McCarthy said about continuing restoration efforts. "We will decide what's a good volunteer project, what's a good project for the staff, and what's a good project for the both of them to work on together."
McCarthy said in the upcoming days FOW should have a better sense of what needs to be done and how.
"We will prioritize," she said. "We might wait until winter to fix a small trail washout, versus a big-trail washout that we would fix now, like where Cathedral Run meets Forbidden Drive."
In addition, the damage to Forbidden Drive, locations along the 50 miles of upper natural surface dirt trails through the park were also seriously damaged, according to the website. Areas where there are known problems include the Orange Trail trailhead at Bell's Mill Road and the pre-existing damaged section of the Orange Trail south of the Walnut Lane Bridge.
"Please avoid areas which are obviously storm affected, and report damages to FOW as you discover them," the website said, "so that they can be added to the list of areas requiring repair."
While a most of the restoration efforts will be handled by staff from FOW and Parks and Recreation, as well as with the help of volunteers, some work will require skilled laborers.
An outside contractor with experience in and knowledge of how to build natural surface dirt trails will be hired to rebuild the Bell's Mill trailhead. Major restoration work done to that trail in 2008, was washed out by the storm, McCarthy said.
The cost of such a project will depend on how much restoration FOW, Parks and Rec. and volunteer-laborers are unable to fix on their own. Those costs will include the cost of machinery and skilled labor, she said. McCarthy was unable to give an estimate. Funding will come from public contributions.
The last time the Wissahickon flooded at this level was in 2004, according to McCarthy. That was when two "100-year-floods" occurred in a span of two weeks. A "100-year-flood" refers to a threshold of rainfall and flooding that on average is realized but once a century. She said the Wissahickon floods dozens of times each year. Those floods are often managed by flood plains within the park, designed specifically to absorb flood-level rainstorms.
McCarthy said community members could help by volunteering for FOW Workdays, focused on cleaning the park. The next workday is Thursday, Sept. 8, from 5:30 p.m. to 7 p.m. Work will focus on cleaning Devil's Pool.
All city parks, including the Wissahickon, are protected by a state charter, McCarthy said. That protection was strengthened last winter when City Council amended the Land And Park Ordinance to prohibit "the transfer or conversion of outdoor public park and recreation land in the City to other uses or to third parties unless certain procedures and requirements are met."
While the existence of the Wissahickon, at present, is not threatened by development or legislation, "it's always the public's responsibility to say [the Wissahickon] is important to them," McCarthy said.
"All city land is vulnerable to being used in a different way [than its present use]," she said. "We need to say as citizens this is important to us.
"We got lucky here in the Wissahickon. In some places, the flooding from Irene was severe, but we got lucky."
For more information about, to volunteer for or become a member of the Friends of Wissahickon, visit www.FOW.org or call 215-247-0147.


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GipsyGirlz necesitaba un nuevo diseño de logotipo y lanzó un concurso de diseño en 99designs.
Un ganador ha sido elegido entre 73 diseños de 12 diseñadores freelance.
Gypsy Girlz Travel Guide/GypsyGirlz.com.au
We are two professional females who between us are well experienced in the travel, fittness & fashion retail industries.
Both of us seasoned travellers and have found there was a lack of information in one spot specifically targeted to Female Travellers.
We wanted to play on the word Gypsy " a person who follows a nomadic lifestyle" in attempting to empower women with the confidence to travel or provide support and advice by creating a travel forum for female travellers to share their travel experiences, find travelling companions and guide their wandering spirit to explore different cultures.
We want a place place for them to come for all of their travel needs ie travel news & safety tips, bios, fashion, accommodation, tours, activities, books, job search and travel companion searches.
18 - 81 Females who are interested in travelling into the wide world either 5 star style or just looking for adventure.
Social Media groups (twitter, FB, linkedin, myspace & Youtube)
Whether they are first time travellers, seasoned travellers or in a need of a little nudge out the door.
Business/pleasure & soul searching travellers
The logo can just mention GypsyGirlz.com.au or the entire Brand Name...
-Keep it sharp, sassy, professional and eye catching - something that would relate to all female genres.
-Not too girly - no cartoons
We would like to capture the free spirit of Gypsies - with their nomadic lifestyle and rich culture (golds, deep red & green although any colours would be considered). picture attached for inspiration not to be used in logo.
No size specifications - logo will feature on website, be used for FB, Twitter, online advertising and website as well as business cards.
We would like to see it be a leading brand/logo worldwide
Logo with graphics & corp name
-Be adventurous & creative!!!!
Ultimately we will be looking at launching a website (which will also need to be designed down the track- poss a big one) which we are wanting to look along the lines of lonely planet/ trip advisor cross between womans magazine but funkier.
Its all about style, fashion and of course travel..
Ultimately we will be looking at extending this to the male market if it takes off....
Thanx will give feedback
Descubre cómo funciona un concurso de diseño u obtén más información sobre nuestros servicios de diseño de logo.


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Electric co-op enters wind power pact
Credit: ARKANSAS NEWS BUREAU | thecabin.net January 3, 2013 ~~
LITTLE ROCK – Arkansas Electric Cooperative Corp. announced an agreement with a Kansas firm Thursday to purchase wind energy for its Arkansas customers.
AECC declined to disclose financial terms of the 20-year agreement but said the 66,000-acre Flat Ridge 2 Wind Farm has begun full commercial operation, providing the Arkansas utility with 51 megawatts of potential wind energy. The electric co-op has 500,000 customers in Arkansas.
Flat Ridge 2 is located across a four-county area in Kansas. The wind capacity purchased by AECC is part of about 470 watts of potential generation provided by the farm's 294 wind turbines.
"It's our first agreement with wind companies. It's a trial. We'll continue to evaluate other options as they come about," said Andrew Lachowsky, principle planning engineer with AECC. "We're always interested in providing the most economical resources for our members. This fit in with the mix we currently have. We'll be looking for other economic resources, including wind."
In addition to the wind capacity, AECC owns generating capacity of 3,418 megawatts, including three hydropower plants on the Arkansas River, three natural gas and oil-based plants, four natural gas-based plants and portions of four coal-based plants.
BP and Sempra U.S. Gas & Power are equal joint venture partners for the Flat Ridge 2 wind power farm, which has a combined investment of more than $800 million. A wholly-owned affiliate of BP Wind Energy will monitor and maintain the farm, officials said.
This article is the work of the source indicated. Any opinions expressed in it are not necessarily those of National Wind Watch.
|Wind Watch relies entirely
on User Funding


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(CNN) -- Bayern Munich celebrated the Bundesliga's 50th birthday by setting a new club record in Saturday's Bavarian derby against Nuremberg.
The European and German league champions triumphed 2-0 at home for a new milestone of 28 top-flight matches without defeat, giving new coach Pep Guardiola a perfect start of three wins from three.
The win left Bayern in third place on goal difference behind Bayer Leverkusen and table-topping Borussia Dortmund.
Having hit the post early on through Daniel Ginczek, Nuremberg had seemed set for a third successive draw after frustrating the home team in front of a 71,000 sellout crowd, as Raphael Schafer saved David Alaba's first-half penalty and denied several other Bayern efforts.
However, France midfielder Franck Ribery broke the deadlock with a header in the 69th minute after a teasing cross by captain Philipp Lahm to ensure that Bayern scored for a 40th successive match.
Arjen Robben, who had been fouled for the penalty, wrapped up the points nine minutes later as he finished a trademark run into the box with a low shot into the corner of the net.
Xherdan Shaqiri also hit the Nuremberg woodwork, having come on to replace Ribery.
"It's an important victory," said Guardiola, whose team next travels to Freiburg on Tuesday and then goes to Prague for Friday's European Super Cup match against English side Chelsea -- a rematch of the 2012 Champions League final.
"I'm satisfied, especially with the second half and our control of the game. Just like in Frankfurt, we hardly let them hit us on the break, which is something I've talked about a lot with the team.
"Especially when Franck and Arjen have the ball, we can attack at pace. Nuremberg were unbelievably well organized. It's always difficult against this type of team."
The match marked the debut of Bayern's new signing Mario Gotze, who played 68 minutes before being substituted in favor of Toni Kroos. Thomas Muller came on six minutes earlier, replacing Thiago Alcantara -- another newcomer, who made his first start.
"We ran out of gas in the course of the second half," said Nuremberg coach Michael Wiesinger, a Champions League winner with Bayern in 2001.
"I was impressed with the way Bayern never became impatient. They imposed their game on us and deserved the win."
Leverkusen claimed second place after beating Borussia Monchengladbach 4-2 at home, with Germany winger Sidney Sam netting twice.
Mainz made it four clubs on nine points with a 2-0 win at home to Wolfsburg, whose new signing Luis Gustavo was sent off in the 64th minute for a second booking. It was the Brazilian's second game since leaving Bayern.
Schalke's poor start continued with a 2-1 defeat at Hannover, leaving coach Jens Keller under pressure ahead of next week's Champions League qualifier against PAOK Salonika. The Royal Blues have just one point from three games.
Hoffenheim drew 3-3 with Freiburg, while Hertha Berlin beat Hamburg 1-0 in Saturday's late match.
On Friday, last season's runners-up Dortmund won 1-0 at Werder Bremen thanks to a second-half goal from Poland striker Robert Lewandowski.
That match took place 49 years and 364 days after the two clubs met in the opening round of the newly-formed Bundesliga competition in 1963.
In France, Marseille notched a third successive win to move two points clear at the top of the table.
Striker Andre-Pierre Gignac netted a late winner at Valenciennes, while Lyon stayed third after losing 1-0 at home to Reims.
Second-placed Monaco drew 0-0 at home to Toulouse on Friday, while defending champions Paris Saint-Germain will seek a first win this season at Nantes on Sunday, following two draws.


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Who Won This Year's MLB All-Star Game?
Jul 16, 2013 11:34 PM EDT
Major League Baseball's American League scored a win on foreign territory Tuesday night after beating the National League 3-0 in the 2013 MLB All-Star Game at New York's Citi Field, the home of the New York Mets. Tuesday's victory ended a three-year… Read more


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By request, I put the serializer I wrote in lua here
It is a serializer I once wrote for a mud I was working on in lua. In the end I got the framework finished but never the game-code. The nice thing of this serializer is that it is possible to define custom serialization functions. I used this with a class-based OO system where I would serialize classes by name, not by value. That way if I reload the code and then serialize and deserialize my data, I would have the new method-bindings in my objects.
The usage is rather simple:
local f = io.open("somefilename", "w") local s = serializer.new(f) s:serialize(mydata, "mydata") s:flush() f:close()
It is possible to define custom serialization by defining the __serialize function in the metatable. The function should be named __serialize and take three parameters:
- value – the value that it is serializing
- serializer – the serializer to use to write to the file (through serializer:write(…))
- name – the name of the variable
For example, the following will ensure that the table 't' is always outputted as an empty table. It is important the name is used, as this can be a rather long name (for instance, a field of a field of a table..)
local mt = {} local t = setmetatable({}, mt) mt.__serialize = function(value, serializer, name) serializer:write(name, " = ", "{}", "\n") end


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by Tom Utescher
Playing on back-to-back nights with only five players available for the first game and six for the next, Mount St. Joseph Academy still was able to engineer one easy victory and one unqualified rout as the Hatboro Horsham Summer League came to a close for 2011.
Staged at Germantown Academy for many years before moving to Hatboro Horsham, the league once included more than two dozen teams, but that number has dwindled to a dozen, and this season, in particular, Mount St. Joe has found that lopsided games became the norm rather than the exception.
Just last summer, the Magic had two tooth-and-nail tussles with Council Rock North High School, the team they would defeat in the 2011 PIAA District 1 championship game. Council Rock has joined a list of good programs that have abandoned this particular warm weather enterprise.
Last Tuesday the Mount gained a 30-20 edge against Central Bucks East High School, then built on that foundation for a 59-29 win. In the first half the Patriots stayed in the game largely through the efforts of power forward Lindsey Kelly, who ran the floor well and proved to be a sure-handed shooter from the paint. Senior guard Bridget Higgins powered the Magic with her jump shots, recording 16 of her 18 total points during the opening period.
The point production of both Higgins and Kelly was curtailed in the second half, but other players picked up the slack for the Mount, while C.B. East struggled on the offensive end. MSJ senior Maddie Kohler complemented her two three-pointers from the first half with four more treys after the break. Likewise, junior Anne Burgoyne and sophomores Alex Louin and Regan Gallagher each scored more points in the second period than in the first frame.
The Magic got off to a 10-2 start in the second half and the Patriots never recovered, although Kelly finished with a game-high 21 points.
Higgins and Kohler shared the laurels on the Mount side with 18 apiece, and the winners received 10 points from Louin, eight from Burgoyne, and five from Gallagher.
From the air-conditioned confines of the Hatboro Horsham gym, the Magic moved to the warmer climes of the AAU Renegades' Kelly Bolish Gym the following night, so it was helpful that the Magic had one sub on the bench. That gave the Magic more than enough womanpower to blast past the Hatboro Horsham team.
After the Mount went up 8-0 the Hatters hooped a three-point shot, then the MSJ defense held firm until halftime, when the reckoning was 36-3. The count then climbed to 50-3 in the second period before Hatboro scored again. Reaching double figures were Higgins (25 points), Gallagher (18), and sophomore Carly Monzo (16), and providing the rest of the winners' points were provided by junior Meg Geatens (eight), Kohler (three), and Burgoyne (two).


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In a week in which a very few, very overexposed themes have ricocheted from collection to collection - ever seen 'sixties minimalism' or 'seventies jet-set glamour' before? I thought so - the idea of a collection inspired by international espionage seemed fresh and exciting. And exciting was the word at Emporio Armani, never more so than when Tina Turner made her triumphant entrance and took a seat front-row centre. I don't normally talk about celebrities in attendance at fashion shows, but as Saint Tina of the Immaculate Coiffure elicited a roar of genuine applause from the audience upon her arrival, I figure she deserved a mention.
Placing a superstar like that slap-bang in your front row speaks of a certain confidence about the clothing on show - or an eagerness to detract attention from it. In Armani's case, it was most definitely the former. As if to underline his confidence in these garments, he made them all in inky-black - all the more difficult to see in the cavernous Armani ampitheatre, admittedly, but that sort of fits with his espionage theme.
What rinsing the colour from these clothes also allowed Armani to do is focus on what he really does best, which is tailoring and shape. There were quite a few stunners in this collection - and when one of those includes a jumpsuit with half-a-peplum jutting out at one hip that had all the audience sitting up and taking note (rather than noting puns) you're on to a winner. Eschewing pattern and print, Armani instead experimented with black-on-black texture, contrasting silks and velvets, Mongolian lamb, eco-fur and wool crepe.
As always, Armani covered every base from morning to night: a few of the gonk-fur coats he proposed for evening caused you to wince a bit, aside the uneasy juxtaposition of a very lively wire-hair terrier and fluffy fur tote-bags (a before and after, perhaps?). But the long skirts with flat velvet slippers managed to look like a sensible, but not staid, proposition for after-dark dressing. As for day, each and every pair of trousers, from alpaca drainpipe to zouave, was pin-perfect. A monastically simple wool princess-line coat with full, velvet-banded skirt and high neck was just plain stunning - you could imagine any woman wearing it at any point over the past three centuries, let alone decades, and looking incredible. How often do you get something so genuinely timeless in fashion?


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Understanding RiskBy Samuel Greengard | Posted 2009-08-04 Print
In today's data-centric world, organizations are striving to do a better job of recognizing and containing risks.
Understanding Risk
Enterprise risk management can touch all corners of an enterprise. However, governance, risk and compliance (GRC) typically addresses four primary challenges:
1 Business Risk: This consists of actual threats to the organization, including its products, services, intellectual property and records. Business leaders must communicate to IT leaders what issues exist and where data might reside.
2 Technology Risk: It's important to understand what pieces of information need to be protected in what way, so that an organization can build the right IT infrastructure, says Karl Kispert, director of the Corporate Governance Advisory Practice at Huron Consulting Group. System security is also at the core of successful GRC.
3 Legal/Regulatory Risk: An organization must establish processes and systems that match legal requirements, whether that involves an e-discovery system that must comply with an e-mail retention rule or storage and encryption standards for managing credit card data.
4 External Risk: IT must address all external threats related to data storage and retention, as well as information life-cycle management. IT needs to play a central role in protecting and disposing of data properly.
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Parent Directory | Revision Log
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Add an example on how to configure bonding, and clarify what it actually is Thanks to prometheanfire for reminding us on IRC.
Fix bug #501782 - VLAN support is handled by iproute2 nowadays, thanks to Brian Evans
Fix bug #491144 - Location of net.example.bz2 is not in netifrc
Fix bug #445346 - Fix bridge example
Fix bug #400721 - Fix bonding instructions
Bug #387697 - OpenRC prefers iproute2 over ifconfig by default. Thanks to Grant Edwards for reporting
Bug #213988 - Various fixes on OpenRC in handbook
remove references to udhcp. per flameeyes' last rites email to gentoo-dev on 12-23-2008, udhcp has been superceded by busybox.
should be man brctl now, bug 197893
more updates for pppoe and bug 171584
new ADSL/PPP setup, bug 171584. note that i went ahead and did the major version number bump a day or so ahead of the release schedule. i figure, why not. early is better.
wouldn't you know it, needed the year to flip over for the last commit. bah. first doc i've forgotten to do that to. darn year changes! thanks to flammie for pointing it out on IRC :)
fixed dhcpcd pros/cons for bug 159610
Moved chapter abstracts into shared chapters No content change, hence no bump
2006.1 networked docs are in. portage handbook still untouched per separate bugs. thanks to all the hard work, guys. blame me if something is wrong (and please fix quickly) :)
Fix e.g.'s and i.e.'s. No content change.
update version/date
add a global note that this page is about configuring /etc/conf.d/net
make sure there is no ambiguity as to where the adsl settings go
*no content change*: - added missing period - added missing "#" to mark comment
Cleaning up after a sleepy rane ;)
#117511, older baselayouts don't handle MAC changes without having macchanger installed
#116267, hb-net-*: adding <c>s, <path>s, proper capitalization,...
coding style fixes, *no content change*
user_eth0 should be adsl_user_eth0
Fixed links
#99550 - Removing duplicate mention of dhclient. Version bumping as da, es, ja, pl, pt_br, ro and sv all have the same issue. Thanks to pclouds for reporting.
Added missing <!-- $Header$ --> line Please note license version is 2.5 (was 2.0 in one file)
Use two spaces instead of a tab
Remove use of <br/>s
Coding style
#88188 - New baselayout -> new part on the Gentoo Handbook
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Hi guys! Christine here, checking in for your weekly dessert fix! As you may know by now, I love a good baking challenge. So when Matt did a review of some flaxseed from Flaxmatters.com and left a subtle hint for me to come up with a new flax recipe, I was totally in! To be honest, he requested blueberrry flax energy bars, but since this week was my birthday I went ahead and made my favorite treat instead: oatmeal cookies! And I didn't stop there—I was so excited with the huge bags of flax I whipped up some homemade granola too. With two recipes we have a lot to cover today, so let's get started!
Vegan Oatmeal-Flax-Spelt Cookies
A cookie with some many healthy ingredients in its title may make you nervous, but these cookies are AMAZING! They are now my ultimate favorite STF recipe to date!
- 3/4 cup coconut oil
- 1/2 cup brown sugar
- 1/2 cup turbinado sugar
- 1 1/2 cups ground flax seed
- 1/4 cup applesauce
- 1 tsp vanilla extract
- 1 3/4 cups spelt flour
- 1 1/2 cups oats
- 1 1/2 tsp baking soda
- 3/4 tsp salt
- 1 cup dried currants or other fruit
Preheat the oven to 350 degrees.
Mix together the spelt flour, oatmeal, baking soda, and salt; set aside.
Beat the coconut oil with a whisk until smooth. You may have to microwave it to soften the oil a bit. Whisk in the sugars, then stir in the flax seed. Add the applesauce and vanilla and mix until uniform.
Stir the dry ingredients into the wet. Fold in the currants.
Using an ice cream scoop, place large mounds of cookie dough on a greased cookie sheet. Flatten the cookies with your palm so they are about 3 inches across.
Bake for 16 minutes, turning the pan around about halfway through baking. Makes 15 large bakery-style cookies.
Part of the reason these cookies are so yummy is because I used coconut oil in place of the butter from the original recipe, so they still taste luxiously indulgent like a bakery cookie. I reduced the sugar down to my liking, but my brother said he would have preferred them a little sweeter, so you may want to add about 2 tablespoons more of each sugar if you'd like. Since these are vegan, there are no worries about tasting the dough as you go along! Applesauce works well here in place of the eggs by adding just enough moisture without competing flavors.
Vegan Blueberry-Flax Granola
Granola is one of those "kitchen sink" style recipes where just about anything goes. I based the ratios of my version from the ones in "Even Husband Likes it Granola." I intentionally undercooked mine slightly because I don't care for really hard granola that scratches my mouth. I also used rice syrup here since I invested in some last week and it lent a subtle sweetness without overpowering the rest of the flavors.
- 5 cups oats
- 1 1/2 cups oat bran
- 1 cup ground blueberry flax
- 1 cup almonds, chopped
- 1 cup shredded coconut
- 1 cup mixed dried fruit, chopped
- 1/2 cup canola oil
- 1 cup brown rice syrup
- 1 1/2 tsp cinnamon
- 1/2 tsp salt
Preheat the oven to 325 degrees.
Stir together the oats, oat bran, flax, almonds, coconut, dried fruit, cinnamon, and salt.
Combine the canola oil and rice syrup together and microwave for about 30 seconds. Stir to combine, then microwave another 30 seconds. Pour the hot mixture over the dry and stir to combine.
Spread on a greased baking sheet and bake for 30 minutes, stirring up the mixture on the pan every 10 minutes. Allow to cool completely before storing in an airtight container.
This granola was excellent! Much fresher, softer, and made with fewer mystery ingredients than most store bought kinds. My only complaint that it was a little too crumbly- it worked fine as cereal but there weren't enough large clumps for straight up snacking. I think next time I may try to increase the canola oil by half a cup to help unify it better. And I will definitely be making this again!
First Tastes of 2010: Pomelo
In sticking with my resolution, I am still trying one new food per week. This week at my regular supermarket I spotted pomelos, otherwise known as Citrus Maxima. And the name is no joke- this is a huge piece of fruit, almost as big as my head! My pomelo was delicious- it had all the flavor of grapefruit, just without the sourness. They are considered in China to bring about good fortune, but I felt happy just to have tried it.
One more thing before I sign off—when researching flax recipes, I came across an interesting one for Banana Flax Pancakes. I ran out of time to give it a whirl, but it is on my list for this weekend!
See you next week!
xoxo Christine


text:
Keats-Shelley Association mentoring project
Submitted by rc-admin on
The Keats-Shelley Association of America announces the inauguration of a three-year Mentoring Project. This project is designed to aid younger members of the profession in the crucial early stages of their careers by increasing the exchange of scholarly expertise and practical professional information between junior and senior scholars. If a senior scholar (who has earned tenure) would like to be a mentor (for one protégé), he or she should notify the Mentoring Committee, outlining briefly for us his or her range of scholarly or professional areas of expertise (e.g., Charlotte Smith, grant writing). Junior scholars who have earned the Ph.D. but not yet received tenure can request a mentor by describing their own scholarly interests and professional concerns. In March, the Mentoring Committee of the KSAA will match prospective mentors with prospective protégés. Mentors and protégés commit to one year of conversation (vocal, written, and/or electronic).
A fuller description can be found on the Keats-Shelley Association Website:
If you would like to participate, or have questions, contact Jeanne Moskal:
The Keats-Shelley Association Mentoring Committee
Jeanne Moskal (chair)
Alan Richardson
Gina Luria Walker


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Hollywood's latest star: Silicon Valley
Hollywood's relationship with Silicon Valley has gone from devout adversary to grudging admirer.
Blame it on the narrative. Technology and its icons have transfixed American culture and transformed cinematic production. As a bout of recent films indicates, a field that has been connected with oversized nerds and luckless date nights has become a nuanced world to question and explore.
Story Continued Below
"It's changing our lives," said Paul Saffo, a technology forecaster and consulting professor at Stanford University. "That's a hell of a good story and catnip for Hollywood."
The movie "jOBS," starring Ashton Kutcher as Apple co-founder Steve Jobs, premiered Friday at the Sundance Film Festival. Two documentaries also showing contemplate the precarious nature of copyright laws and privacy rights. "Google and the World Brain" examines the company's efforts to digitize every book in the world, and "We Steal Secrets: The Story of WikiLeaks" investigates the ethics and obligations of information sharing. A film about the perils of online data collection, "Terms and Conditions May Apply," debuted Wednesday at neighboring Slamdance.
Later this year, expect a film on WikiLeaks founder Julian Assange that features Benedict Cumberbatch of BBC's "Sherlock." Another documentary, on the popular file-sharing site The Pirate Bay will make a February appearance. Prominent screenwriter Aaron Sorkin plans to rework Walter Isaacson's tome of Apple's tech pioneer.
"Historically, they've kind of ignored each other," said Katherine Losse, a former Facebook employee who writes about tech and culture. "This is kind of striking that they're moving together and stepping on each other's toes a little bit."
This is not a Hollywood love story. It was only a year ago that the entertainment industry and Silicon Valley neared fisticuffs over anti-piracy legislation. Internet rights activists launched a grass-roots movement that thwarted the bills, known as the Stop Online Piracy Act and Protect IP Act. The industry remains wary about the rights to its productions.
These films do highlight the tech industry's encompassing powers, occasionally turning organizations into heavy-handed brutes. Assange calls his upcoming portrayal "a massive propaganda attack." Apple co-founder Steve Wozniak told Gizmodo he and Jobs "never had such interaction and roles." And an upcoming HBO sitcom on Silicon Valley mocks the industry as much as it compliments it.
But screenwriters' chosen themes — defiant vanguard, revolutionary intellectual, transformative system — are a substantive shift.
"It's almost like Hollywood sees a bit of envy about what the tech world is gathering and wants in on it," Losse said.
The 2010 release of "The Social Network" — a film about Facebook founder Mark Zuckerberg and the social media site's development — might have taken some creative liberties and painted the whiz kid as a friendless teenager. But it also described a lone ranger who rose to prominence through ingenuity.


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WASHINGTON (CIRCA) - Vice President Mike Pence swooped into the Senate on Wednesday to cast the tie-breaking vote to save the confirmation of Russel Vought to be deputy director of the Office of Management and Budget.
It's the ninth time Pence has had to make the trek down Pennsylvania Avenue to cast his vote in the Senate.
Sens. John McCain (R-AZ) and Mike Rounds (R-SD) were not present for the vote. The final tally was 50-49.
READ MORE: Doug Jones' Senate victory means we could be seeing a lot more votes from Mike Pence
Vought came under fire for controversial comments he made about Islam in 2016.
In a theological blog post for his alma mater, Wheaton College, Vought argued that Muslims "do not know God," according to The Hill.
Sen. Bernie Sanders (I-VT) grilled Vought on his religious writings in a June hearing, asking if he believed all non-Christians were condemned.


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Monterey's primary grape-growing district is an inland valley called the Salinas Valley, but several smaller appellations (Arroyo Seco, Chalone, Santa Lucia Highlands, and the Carmel Valley) are also included within the official boundaries of the Monterey wine region.
Amazingly, the Salinas Valley contained no vines as recently as the early 1960s. Thanks to its cool climate and very dry summers, Salinas Valley was recognized as an excellent site for premium varieties, and the area now has more than 30,000 acres under vine. Unfortunately, the most widely planted grape, Cabernet Sauvignon, has fared the worst. Because of high winds and arid growing conditions, irrigation is a must and growers here have adopted trellised vine systems.
Monterey has recently focused on white wine grapes and a more sensible sprinkling of reds in the warmer, southern locations or in a few isolated hillside sites in the north. White varieties represent close to 68% of the total plantings, with Chardonnay leading the way. Chenin Blanc, Johannisberg Riesling, and Sauvignon Blanc are also widely planted. Monterey also accounts for about half of California's Pinot Blanc production, though there are less than 1,000 acres under vine here. The Riesling acreage represents 60% of all plantings in the state, and this is a great place to look for intensely fragrant versions of that variety. Though less consistent, Monterey's Chardonnay has ranked among the finest and, in the hands of several Monterey wine makers, it can display tremendous varietal intensity and balance. A handful of Monterey wineries have demonstrated that Cabernet Sauvignon from a few choice sites can result in wines of high caliber, but such results are very few and very far between.
We noticed that the credit card number you entered matches one of your saved credit cards. We've updated your saved card with the new information.


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Students will discuss the appropriate languages and options available to them for satisfying the language requirements with their advisor at their initial advising session, first semester of their course work. Although some of the required languages are common to a degree program, the exact requirements for each student may be modified to ensure competency in languages that will be used in research. General information on language requirements, subject to modification for individual students based on academic advisement, can be found under each Academic Area in the Graduate Announcements or on the STRS website.
Requesting the Exam
Requests to schedule a language exam are initiated via email to the student's Academic Area Director indicating that the student is ready to take a language exam. The e-mail must contain the following information:
- the degree being sought (M.A., S.T.B., S.T.L., S..TD., Ph.D.)
- the concentration (patristics, medieval, modern, ecclesiology, spirituality, etc.)
- the desired timeframe (dates) for taking the exam; requests must be at least two weeks in advance, since each exam is student-specific (i.e., the texts are selected in relation to a student's concentration such that the exam is appropriate to the degree being sought and expected competency in the target language needed to conduct research in their field).
The Academic Area Director will, as appropriate, coordinate the preparation of the exam and then forward the request to the Exam Coordinator. Ordinarily students will receive a response within five working days about the place and time of your exam. While most requests for a specific date can be accommodated, sometimes this is impossible. In particular, the need to prepare an exam appropriate to each student requires time.


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|With Smarthome's dynamic stock level links, you'll always know if we have a specific item in our inventory even before you place the order! These helpful tags are just one of the many ways we strive to make shopping at Smarthome easy and convenient.
|Drop Ship
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| Open Box Buys - Save up to 75%
These items are fully functional products that have been returned, used as demo products or have missing or damaged packaging. Quantities are limited, and all sales are final (credit for defective products).
See all Open Box Buys.


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Nov. 19, 2005
The first basketball game is sort of like that box of chocolates Forrest Gump's mother always talked about. You never really know what you are going to get no matter how much you have prepared.
The Lady Bisons regular season opener on the road at Kent State Friday night could have certainly been sweeter. With a line-up that often included four freshmen and a senior, the Lady Bisons struggled offensively on the way to a 69-34 loss at the M.A.C. Center in Kent, Ohio.
"We've got a lot of work to do, particularly on offense," said Lipscomb coach Frank Bennett who started his 26th season. "We did a reasonable job defensively. We did some good things at times defensively."
The Lady Bisons missed 12 of their first 13 shots. They finished with an 18.2 percent shooting percentage from the field hitting 10-of-55 shots. The Lady Bisons hit only one of 13 3-point shots. They were 13-of-29 from the free throw line.
"Kent State plays very good pressure defense," said Bennett. "Because of their pressure we were putting the ball on the floor too quick. We had trouble with our passing game. We never got in a rhythm."
Freshman wing Jillian Partin came off the bench to lead the Lady Bisons with eight points. Partin and senior center Katie Beth Pate each had seven rebounds. Pate also had a game-high six blocks.
Samantha Scull led Kent State with a game-high 14 points. La'kia Stewart added 13 points and a game-high 11 rebounds.
The Lady Bisons, 0-1, travel to Ball State University Saturday and Sunday for a tournament that also features Georgetown and North Dakota State.
Kent State sports information contributed to this report.


text: The Crestview Marching Band joined Mayor Shane Patrone (left) and Cub Scouts from Pack 40 of the East Fairfield United Methodist Church at the New Waterford Christmas parade over the weekend. Floats from churches and organizations and smiles from the Aut-Mori Grotto clowns helped usher Santa into New Waterford Saturday. Morning Journal/Patti Schaeffer


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Walid Shoebat was born in Bethlehem. During his youth, he joined the Palestine Liberation Organization, and was involved in terrorist attacks against Israel where eventually he was sent to prison.
Later Walid came to the US and became involved with the Arab Student Organization at Loop College in Chicago. He married an American and became a U.S. citizen. In 1993, Walid converted to Christianity after examining the Bible in response to a challenge from his wife, initially trying to convince her that she should convert to Islam.
Since that time Walid has worked tirelessly to expose Islamic terrorism and defend Israel, drawing accusations and even death threats.
At this VCY Rally, Walid Shoebat draws on news headlines and Bible prophecy, to reveal the growing threat of Islam, including "home grown" Islamic activites in the United States.


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Dispute Mediation
Our Mediator is available, at the request of the parties to a dispute, to assist in the resolution of disputes. Our Mediator has a high success rate in mediating dispute situations without a work stoppage occurring. Once both parties agree that a Mediator is needed and makes a request to this office, a Mediator is available to the parties until the dispute is resolved or until it is agreed by all parties that no resolution can be reached. We work in conjunction with the Federal Mediation and Conciliation Service, or alone, as the situation dictates.
Grievance Mediation
Grievance Mediation is a process through which a union and employer, assisted by a Mediator, seeks to resolve grievances without resorting to binding arbitration. Grievance Mediation is typically used only after other pre-arbitration steps in the collective bargaining process have been exhausted.


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Ed Sheeran Performs for a Giant Crowd in Las Vegas!
About Photo #712430: Ed Sheeran stands in front of a spectacular light show during his live performance at The Chelsea on Friday evening (August 29) in Las Vegas. The 23-year-old… Read The Post Here
Posted to Ed Sheeran
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We know your child's dreams are as big as the wild west. Whether they're dreaming about riding and roping on the ranch or racing into first place around the barrels, Cavender's has hats, belts, kids cowboy boots, jeans and children's western wear kids love!
With a selection that can't be beat, and a price that won't break your budget, you can't go wrong! Come on in and shop the latest kid's western wear styles make your little cowboy or cowgirl's dreams come true.


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Sept. 2, 2008
NEW HAVEN, Conn. - It didn't take Ashley Brzozowicz long to learn the magnitude of the Olympic Games. It came when she marched with the Canadian delegation in the Opening Ceremony at Beijing's National Stadium, better known as the "Bird's Nest."
"It was probably one of the most powerful experiences of the Games," said Brzozowicz, who rowed for the Canadian eight. "It is difficult to describe the energy you feel as you group together with other athletes from your country and enter the stadium behind your flag bearer. It really opened my eyes to the scale of the Olympic Games and made me very proud to be a part of the Canadian Team."
Brozozowicz's experience at the rowing venue was equally fulfilling. The Canadian eight reached the final and finished fourth, less than one second behind the bronze medal winning Romanian eight.
"We knew the final race was going to be fast and a battle to the finish line," she said. "Before the race I was concentrating on the job I had to do and thinking constructively. The race is a bit of a blur, but I knew we were in the hunt for a medal right up until the end. Of course it was disappointing to come up short of the podium, but we still had a good race and that is something to be proud of."
Brzozowicz was able to get out and see a number of other events, including the cycling final and two nights of track and field. She was in the stands when Usain Bolt received his gold medal after winning the 200-meter dash. In addition, she visited the Great Wall of China and saw a number of other sights in Beijing.
Brzozowicz also was able to catch up with her old teammate - Rachel Jeffers, who was an alternate on the U.S. Rowing team. The two stayed at the same hotel and ran into each other a couple of times.
Report filed by Tim Bennett, Yale Sports Publicity


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Beach Update: Florida Rain
COLORADO SPRINGS, Colo. (Sept. 15, 2013) – Beach volleyball tournaments in St. Petersburg, Fla., and Mazatlan, Mexico kept U.S. teams busy over the weekend of Sept. 13.
AVP – St. Petersburg
Thunderstorms rained out both the women's and men's finals on Sunday at the AVP Tour event in St. Petersburg, Fla.
- Follow USAV on Twitter
- Contact: B.J. Hoeptner Evans
April Ross (Costa Mesa, Calif.) and Jennifer Kessy (San Juan Capistrano, Calif.) were scheduled to play Emily Day (Torrance, Calif.) and Summer Ross (Carlsbad, Calif.) in the women's final. The men's final had Theo Brunner (Ridgefield, Conn.) and Nick Lucena (Fort Lauderdale, Fla.) facing off against Jake Gibb (Bountiful, Utah) and Casey Patterson (Van Nuys, Calif.).
The men's final is scheduled to be replayed on Sept. 26 in Santa Barbara, prior to the start of the AVP Tour event there. The women's final cannot be replayed at a later event because April Ross is reportedly playing with Kerri Walsh Jennings (Saratoga, Calif.) for the rest of the season.
Kessy and Ross advanced to the finals in St. Petersburg by defeating Lauren Fendrick (Carlsbad, Calif.) and Brittany Hochevar (Fowler, Colo.) in the semifinals, 21-17, 19-21, 15-10 in 1 hour, 14 minutes; the longest match of the winners' bracket.
Day and Ross beat Whitney Pavlik (Laguna Beach, Calif.) and Kerri Walsh Jennings (Saratoga, Calif.) in the other semifinal, 22-20, 21-17.
Day and Summer Ross played April Ross and Kessy in the finals of the AVP event in Atlantic City, N.J., where Ross and Kessy won, 2-1.
On the men's side, Brunner and Lucena advanced to the men's final by upsetting No. 2 seeds Sean Rosenthal (Redondo Beach, Calif.) and Phil Dalhausser (Ormond Beach, Fla.) in the semifinals, 15-21, 21-19, 15-10. Gibb and Patterson defeated Tri Bourne (Aiea, Hawaii) and John Hyden, 22-24, 21-17, 15-2.
The next event on the AVP Tour will be in Santa Barbara on Sept. 27-29.
The AVP web site is avp.com.
NORCECA – Mazatlan
The U.S. women's team of Heather Hughes and Lane Carico defeated compatriots Traci Weamer and Allison Fleming to win the bronze medal at the NORCECA Beach Circuit event in Mazatlan, Mexico.
In the third-place match, Hughes and Carico defeated Weamer and Fleming, 24-22, 21-19.
On the men's side, the U.S. team of Kevin McColloch and Derek Olson placed sixth and Will Montgomery and Avery Drost finished ninth.
For complete NORCECA results, visit the NORCECA web site.


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Want a fast and easy way to pay your Samaritan bill?
Our online bill pay service offers many benefits for our patients, such as:
- Patients can save their information securely for future payments
- Patients can pay with a personal check online, in addition to all major credit cards
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- Patients can pay on multiple accounts during one session
To access the new online bill pay service, please click here.
If you have any questions about this new service, or your bill, please contact us Monday through Friday from 8:00 am until 4:30 pm at 315-785-5730.


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One of the hottest trends in gardening today is vertical or wall gardens, in which plants are grown on a vertical surface as opposed to in pots or planters on the horizontal plane. I recall writing columns on this topic many years ago, and it appears what was old is new again.
A walk around the University of Alberta campus will show vertical gardening going back to the 1900s.
The Virginia creeper-covered brick walls always had a special appeal, transforming a cold brick wall into a living thing of beauty and colour.
The vertical gardens of today can certainly accomplish the same thing but many of them are simply born out of the need to maximize small spaces.
For condo or townhouse owners, a vertical garden allows for effective use of space that is at a premium.
More than just hanging baskets, the living-wall garden can be attached to a wall or a deck railing.
You can use many types of plants in a wall garden, but one of the easiest to work with is succulents. They also come in a wide variety of hues and textures.
The nice thing about using succulents, such as hen and chicks, Echeveria or sedums, is that they will not outgrow the planter.
Do it yourself
One of my favourite wall gardens was made from an old picture frame that had been filled with succulents. The simple instructions are as follows:
- Search out garage sales or flea markets for picture frames. Look for those that are fairly deep, such as those used for paintings. Size is a personal choice. If you have space for a larger one, go for it.
- Go to your local hardware store and have them cut a piece of quarter-inch plywood. You will use this to cover the back of the frame. At the same time, ask them nicely to cut you four one-inch wood strips.
- Attach chicken wire to the back of the frame, pushing the wire into the frame opening before you staple it so that it sits evenly across the front.
- Nail or screw the wood strips on over the back of the frame and over the wire. Place Spanish moss over the chicken wire to keep soil from falling through and fill the box you have created with a good quality potting mix.
- Now, nail on the plywood backing over the wood strips.
You can look at photos of the technique at www.luna-see.com
You are now ready to plant the succulents. There are two schools of thought on how to do this.
The first one recommends buying small plants and using those.
It may be hard to find plants small enough for this purpose, so I prefer the second method, which involves using cuttings off of larger plants.
Succulents root readily. Make your cuttings about two inches long and allow them to dry out before planting. This allows the cut end to form a callus. They will root when you plant them.
Poke a hole in the soil and plant the succulents one at a time in whatever pattern you choose.
Don't worry about completely filling the planter: The plants will fill up holes as they grow.
When you've finished planting, leave the planter laying flat and out of direct sunlight for two weeks and don't water.
After the first two weeks, a light watering is needed.
Begin gradually increasing the exposure to full sun.
You are now ready to hang or lean the garden in place. Then, once a month, lay it flat to water.
Gerald Filipski is a member of the Garden Writers Association of America. E-mail your questions to email@example.com. He is the author of Just Ask Jerry, available at local bookshops, garden centres and online at chapters.ca.


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JOHNSON CITY, Tenn. (Feb. 14, 2008) - Guard Shane Dansby scored a career high 28 points to help power Belmont to a 20-point halftime lead and yet another win inside ETSU's Memorial Center, as the Bruins cruised to an 87-75 Atlantic Sun Conference win over the Buccaneers Thursday night in front of 4,262 fans on Valentine's Day evening.
For the Bucs (14-11 overall, 8-4 A-Sun), the loss basically ends their dreams of a regular season championship and marks the first time this season they have dropped back-to-back league games. Meanwhile,
"It's a tough loss," said ETSU head coach Murry Bartow, whose teams is now 1-6 against Belmont since joining the Atlantic Sun in 2005-06 and 6-6 in the all-time series. "Obviously, there were several keys in the game, but our inability to make shots was huge. That really killed us in the first half. I thought the effort was great in the second half, but we were just too far behind.
The first half was another offensive barrage for
The Bucs battled in the second half, cutting the lead to 11 at 64-53 on a 3-pointer by junior Courtney Pigram (
The Bucs got a team high 16 points from Pigram, while junior forward Kevin Tiggs (
ETSU returns to action Saturday afternoon, facing Lipscomb at inside


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|The quadrants of the Milky Way
| The Milky Way Galaxy is located in the map.
(click to navigate)
The Milky Way Galaxy is a galaxy that contains over four hundred billion stars. This galaxy generates its own magnetic field, which experiences dips and peaks. The galaxy is 100,000 light years wide. (TNG: "Pen Pals"; VOY: "Inside Man"; ENT: "Azati Prime")
A map of the Milky Way Galaxy was on display in the security station aboard the USS Enterprise-D in 2365. This map depicted the lines of longitude. (TNG: "The Emissary")
A map of the Milky Way Galaxy was on display in astrometrics aboard the USS Voyager from 2377 through 2378. (VOY: "Inside Man", et al.)
The Galactic BarrierEdit
The Milky Way's disc is surrounded by a massive energy field of negative energy called the galactic barrier, which makes travel into and out of the galaxy difficult. (TOS: "Where No Man Has Gone Before", "By Any Other Name") By 2369, the extragalactic space was being charted by starships. (TNG: "Aquiel")
The galaxy was theorized to have been created from a great explosion, and it was further theorized that its center might still be creating new matter. This theory was proved correct with the finding of the creation point in 2269. The core was surrounded by the Great Barrier, containing a planet thought to be Sha Ka Ree by Sybok. (TAS: "The Magicks of Megas-Tu"; Star Trek V: The Final Frontier)
In the science of stellar cartography, the Milky Way was divided into four major areas called quadrants: Alpha, Beta, Gamma, and Delta (the first four letters of the Greek alphabet), each of which composed one-quarter of the galaxy. Each quadrant was divided into thousands of sectors. The Galactic Core was the intersection of all four quadrants. (TNG: "The Price"; Star Trek VI: The Undiscovered Country; VOY: "Pathfinder")
12th CenturyEdit
In the 12th century, the Sphere-Builders built a network of spheres in the Milky Way, which created trans-dimensional disturbances as a prelude to invading the Milky Way. (ENT: "Chosen Realm", "Azati Prime")
23rd CenturyEdit
By 2267, there were Humans on a thousand planets in the galaxy. (TOS: "Metamorphosis") Between 2064 and 2364, Humans had charted 11% of the galaxy. (TNG: "Where No One Has Gone Before") Within a year, the Federation had charted an additional 8% of the galaxy. (TNG: "The Dauphin")
By 2268, research expeditions of the Federation had catalogued hundreds of uninhabited planets suitable for colonization. (TOS: "By Any Other Name")
In the mid-22nd century, scientists estimated that one out of every 43,000 planets in the galaxy supported intelligent lifeforms. (ENT: "Fight or Flight") Thus, in the galaxy there were millions of planets that could support intelligent life. (TOS: "Metamorphosis")
According to Dr. Leonard McCoy, there was a mathematical probability of three million Earth-type planets in the galaxy. (TOS: "Balance of Terror")
An expedition sent by the Kelvan Empire, from the radiation-imperiled Andromeda Galaxy, scouted the Milky Way for possible invasion in 2268. (TOS: "By Any Other Name")
26th CenturyEdit
In a potential alternate timeline, by the 26th century the Sphere-Builders had transformed 50,000 light-years of space in the Milky Way, wiping out thousands of planets, before finally being defeated and expelled from the galaxy by the Federation at the Battle of Procyon V. (ENT: "Azati Prime")
Appendices Edit
Related topics Edit
- Species, listing all inhabitant species
- Alpha Quadrant
- Beta Quadrant
- Gamma Quadrant
- Delta Quadrant
External links Edit
- Milky Way Galaxy at Wikipedia
- Milky Way Galaxy at Memory Beta, the wiki for licensed Star Trek works


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Walkera Rodeo 150 Parts Fuselage bottom cover black Rodeo 150-Z-04(B)
Rodeo 150 Fuselage bottom cover black
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Sold by official Walkera Warehouse and USA Center for Drones in Washington. This order is integrated with our warehouse system and all orders manage by Walkera in Washington. Warehouses do not like to hold inventory for long, so count on us, we will be conducting sales, deals all year round. Add to Watch List or Save Seller to follow our warehouse deals.
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Barnyard wrote:Denny Clayton wrote:The first item from the auction I've seen advertised for resale.
http://www.tractorshed.com/cgi-bin/phot ... =retrieval
The first of many I'm sure.
Yep, showed that to my buddy Billy Ray early this morning. Just don't seem right, in a way.
All I can say, there are 2 items from the auction that you won't see advertised for resale in my lifetime.