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Should You Buy CenturyLink Before the Price Recovers?
Paul is a member of The Motley Fool Blog Network -- entries represent the personal opinion of the blogger and are not formally edited.
CenturyLink (NYSE: CTL) is one of the classic dividend stocks. Bonds rates are low, especially those on U.S. Treasuries, and investors who want income from their investments have turned heavily toward stocks. The dividend yield on the S&P 500 was actually higher than the yield on Treasuries earlier this year (CNBC.com), and even now they are quite close. This has clearly benefited companies like CenturyLink, as yield-starved investors go chasing after its high dividend.
For all of this good news, however, CenturyLink's stock has taken a severe beating over the course of this year. Thankfully, this is easily explainable. Earlier this year, the company substantially reduced its quarterly dividend from $0.725 per share to $0.540 per share (CenturyLink). It also announced a $2 billion buyback program over the next two years, but many investors doubted that it would actually fulfill this promise. This caused a major sell-off in the stock with the price falling almost $10 (1/3 of the share price) in one day.
That sell-off certainly did not help the investors who owned the stock, but it does have one significant upside for those considering entering the market. Before the dividend cut, the yield on the stock was about 6%, but now that both the stock price and the dividend have fallen the yield is actually 6.1% (Yahoo! Finance). In other words, if the stock was a good buy before the cut in the dividend, as many people thought it was, it is again.
Will CenturyLink cut its dividend again?
The prominent potential downside to CenturyLink's stock is the potential that it will cut its dividend again, causing another major sell-off like the one in February. Thankfully, If one looks at its recent financial statements that fate does not seem entirely likely. The company is implementing its share buyback plan aggressively and has already purchased $682 million of its stock, which is remarkable because this amount is larger than the $460 million that it saved in dividend payments (Seeking Alpha).
The problem that CenturyLink is facing revenue-wise (and hence the reason that it cuts its dividend) is the decline in wired telecommunications. The company saw its revenue in what it calls Legacy revenue fall by 8.7% in the consumer sector and 4.6% in the business sector. Its strategic revenues increased by 4.1% year-over-year, however. Furthermore, the company's revenue in the first quarter was at the top of its guidance range, and it slightly raised its guidance on operating cash flow and adjusted diluted earnings-per-share for the year as a whole (CenturyLink). Thus, it should be able to accomplish its goal of revenue stability in 2014 (CenturyLink).
In other words, the company should be able to keep paying its dividend and continue its stock buyback program. It may not able to keep the yield the same if its stock price rises substantially, but that is a good problem for an investor to have. In other words, it may be wise to buy CenturyLink before its price goes up.
Comparable companies
CenturyLink is the third-largest telecommunications company in the U.S., and so it makes sense to compare it to the two largest. Both of its major competitors pay high levels of dividends, though not quite as high as CenturyLink's. Furthermore, all three companies have a part of their business that can grow long-term, but another part that is shrinking.
AT&T (NYSE: T) might be worth considering for the same reasons as CenturyLink. It gives out a decent dividend yield (5.10%), but because of that it is relatively expensive with a price-to-earnings ratio of 28.07; this is especially true considering its revenue only increased 2.4% between 2011 and 2012. On the plus side, its earnings per share did increase by 8.5% (AT&T).
Furthermore, with the rise of the prepaid phone, it will potentially suffer serious revenue losses even in its major profit center -- mobile phones. If we compare this with CenturyLink, the biggest attraction in both stocks is the dividend, but CenturyLink's is higher. They both have a legacy business that they are both trying to get out of and are in that sense similar. If many analysts are right and prepaid phone usage rises significantly over the next couple of years, however, then AT&T's core business will take a major hit. CenturyLink is not facing a similar problem. It should be able to grow its main business quite a bit over the next couple of years.
This problem is even larger for Verizon (NYSE: VZ) because it is barely competing in the prepaid space at all. Unlike AT&T, Verizon's prepaid phone service is priced so expensively relative to the competition that it would have to make a major switch in its business model to gain any significant market share. This is especially a problem since the company doesn't have first-mover advantage. Furthermore, its price-to-earnings ratio (126.92) is sky high, especially considering that Verizon is a blue chip. Even if prepaid phones do not cause problems for Verizon, it will likely not be able to achieve the earnings growth necessary to justify its high valuation. Currently, Verizon's revenue is growing faster than AT&T's at 4.5%, but still not at a level nearly high enough to justify its valuation.
To wrap things up, CenturyLink is currently the cheapest of the three main telecommunication companies. Furthermore, the company has solid financials and is successfully managing its transition from being a phone business to a broadband one. Its future growth may not be market-beating, but it is not likely to fall behind Verizon and AT&T because they are facing significant headwinds in the form of the rise of prepaid phones. So if you're looking for a high-yielding stock, consider buying CenturyLink before the price recovers.
The Motley Fool's chief investment officer has selected his No. 1 stock for the next year. Find out which stock it is in the brand-new free report: "The Motley Fool's Top Stock for 2013." Just click here to access the report and find out the name of this under-the-radar company.
Paul Sangrey has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. Is this post wrong? Click here. Think you can do better? Join us and write your own!


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A lot of the work we do at Brookhaven is what's called "basic" research. That doesn't mean it's simple or easy, but that it informs our knowledge of the fundamental ways the world works. Whether it's how materials behave or the conditions under which our universe began, studying these things can lead to applications like better fuel cells, cancer therapies, or nanotechnology-inspired batteries that could one day be inside your smartphone.
Some of our scientists spend their days trying to pin down the key to high-temperature superconductivity, the lossless transfer of energy at less extremely cold temperatures than the hundreds of degrees below zero that superconductors usually require to function. The rendering above shows electrons bound together in Cooper pairs, a state of matter known to be responsible for superconductivity. If we can figure out how to harness superconductivity at temperatures that can be easily attained, it would alter America's energy landscape.
In the course of this research, Brookhaven scientists have developed a switch for turning this valuable capability on and off. Superconductivity depends on three things to be perfectly aligned: a magnetic field, temperature, and electricity. By sending a burst of AC current through a superconductor for just 100 milliseconds, our physicists found that the superconductor will turn off immediately for up to 1 second, spreading the "normal" conductive surface throughout the material evenly. They designed a radio-frequency coil to deliver current to a superconductor, which eliminates the need to adjust the temperature to turn it on or off, a process that takes more resources and can be tough to fine tune. This technology could enable the development of a compact superconducting switching device suitable for power applications such as a superconducting breaker.

subset: commoncrawl


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The Joplin architectural firm that renovated the Northpark Mall for Joplin High School students after the tornado has received a low interest Missouri loan to expand.
Corner Greer & Associates received a $351,000 low interest Missouri Linked Deposit Program Loan.
The loan will be used to buy a new location, allowing the firm to expand.
Corner Greer & Associates currently has nine full-time employees.


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NAPA Know How. More than 85 years ago, the National Automotive Parts Association (NAPA) was created to m... more
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Petra is the nation's top distributor of consumer electronics, custom installation, mobile audio/video and appliance connection supplies and celebrated its 25th anniversary in 2010. Petra is a solution-oriented company, making it easy for retailers to stay in step with advancing technologies that span across multiple markets in the consumer electronics industry and always remains true to its mission statement — "To provide the highest level of service, integrity and product value to ensure customer satisfaction."
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|By Business Wire
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|November 28, 2012 08:00 PM EST
According to the International Data Corporation (IDC) Worldwide Quarterly Server Tracker, factory revenue in the worldwide server market decreased 4.0% year over year to $12.2 billion in the third quarter of 2012 (3Q12). This is the fourth consecutive quarter of year-over-year revenue decline, as server market demand continued to soften following a strong refresh cycle that characterized the market in most of 2010 and 2011. After declining in 2Q12, server unit shipments increased 0.6% year over year in 3Q12 to 2.1 million units. This was the 11th time in the past 12 quarters that server units have grown on a year-over-year basis.
On a year-over-year basis, volume systems experienced a 0.5% revenue decline. At the same time, demand for midrange and high-end systems experienced year-over-year revenue declines of 14.0% and 8.9% respectively in 3Q12. All three segments were impacted by difficult year-over-year compares combined with transitions in the technology refresh cycles.
"Worldwide server revenue declined for the fourth consecutive quarter in 3Q12. The market was constrained by poor macro-economic conditions in many geographies coupled with a number of technology transitions that served to further hamper the market," said Matt Eastwood, group vice president and general manager, Enterprise Platforms at IDC. "In fact, every geographic region except Asia/Pacific experienced revenue contraction in the quarter. The growth in Asia/Pacific was largely driven by strong demand in China, which helped a China-based server vendor – Inspur – into a top 10 factory revenue position for the first time."
Overall Server Market Standings, by Vendor
IBM held the number 1 position in the worldwide server market with 28.7% factory revenue share for 3Q12. IBM experienced a 7.6% year-over-year decline in factory revenue losing 1.1 points of share in the quarter on soft demand for System z ahead of a recently announced product transition. HP held the number 2 position with 27.3% factory revenue share following an 11.9% year-over-year revenue decline in 3Q12. HP continued to experience declines in HP Integrity server demand combined with relatively weak performance in their x86-based ProLiant server business. Dell maintained third place with 17.1% factory revenue market share in 3Q12. Dell's factory revenue increased 8.2% compared to 3Q11, helping Dell to its highest server market share in any quarter. Oracle maintained the number 4 position with 4.8% factory revenue share; Oracle's 3Q12 factory revenue decreased 23.1% compared to 3Q11. Fujitsu ended the quarter in the number 5 market position with 3.8% factory revenue share following a 22.2% year-over-year decline in server revenue.
Top Server Market Findings
- Linux server demand continued to be positively impacted by high performance computing (HPC) and cloud infrastructure deployments, as hardware revenue increased 6.6% year over year to $2.6 billion in 3Q12. Linux servers now represent 21.5% of all server revenue, up 2.1 points when compared with the third quarter of 2011.
- Microsoft Windows server hardware demand was down 0.9% year over year in 3Q12 with quarterly server hardware revenue totaling $6.2 billion representing 51.1% of overall quarterly factory revenue, up 1.6 points over the prior year's quarter. This is the second time in the past three quarters that Windows has been responsible for driving more than half of all server spending worldwide.
- Unix servers experienced a revenue decline of 14.2% year over year to $2.1 billion representing 17.3% of quarterly server revenue for the quarter, the lowest percentage of server spending in more than 10 years. IBM's Unix server revenue increased by a modest 0.8% year over year; however IBM still managed to gain 7.9 points of Unix server market share when compared with the third quarter of 2011.
- The market for non-x86 servers, including servers based on RISC, EPIC (Itanium-based), and CISC processors, declined 17.1% year over year to $3.3 billion in 3Q12. This is the fifth consecutive quarter in which non-x86 servers have exhibited a revenue decline. Non-x86 based systems now comprise 27.0% of the server market, the lowest percentage of server spending ever recorded by IDC.
"The Unix server market continued to struggle ahead of year-end refresh cycles," said Kuba Stolarski, research manager, Enterprise Servers at IDC. "IDC expects a short-term easing in the high-end market's decline as technology refreshes, including Intel's Poulson update to its Itanium line, begin to take their course. However, mission critical applications continue to migrate to x86 platforms, placing increasing pressure on the high-end server market."
x86 Industry Standard Server Market Dynamics
Demand for x86 servers continued to improve in 3Q12, with revenues growing 2.0% in the quarter to $8.9 billion worldwide as unit shipments were up 1.5% to 2.1 million servers. HP led the market with 32.0% revenue share based on an 8.7% revenue decline when compared to 3Q11. Dell retained second place, securing 23.4% of revenue share while gaining 1.3 points of share when compared with the third quarter of 2011. IBM rounded out the top three positions, holding 16.5% revenue share following a 4.7% year-over-year revenue decline. Overall, this was the thirteenth time in the previous fourteen quarters with a year-over-year increase in average selling prices for x86 servers as both the mix of systems and average system configurations continue to move up-market, helped in part by the increased focus leading suppliers have on converged infrastructure.
Bladed Server Market Results
The blade market continued its solid growth in the quarter with factory revenue increasing 2.9% year over year and shipment growth declining by 1.1% compared to 3Q11. Overall, bladed servers, including x86, EPIC, and RISC blades, accounted for $2.1 billion in revenues, representing 17.2% of quarterly server market revenue, a record high. More than 91% of all blade revenue is driven by x86-based blades, which now represent 21.5% of all x86 server revenue. HP maintained the number 1 spot in the server blade market in 3Q12 with 45.9% revenue share, while IBM finished with 19.0% revenue share. Cisco and Dell rounded out the top 4 with 15.0% and 8.1% factory revenue share, respectively.
"Modular form factors continue to gain favor with server customers," said Jed Scaramella, research manager, Enterprise Servers at IDC. "Many enterprises are exploring converged systems, which are built on top of blades. These platforms present vendors with the opportunity to increase their customer share of wallet through the attached sale of storage, networking, and services. On the opposite side of the spectrum, large cloud datacenters and service providers value the efficiencies and scalability of density optimized servers. Together these two form factors account for 22.9% of server revenue, gaining 3.3 points from a year ago."
Top 5 Corporate Family, Worldwide Server Systems Factory Revenue, Third Quarter of 2012
(Revenues are in $ Millions)
3Q12 Market
3Q11 Market
|3. Dell
|4. Oracle
|5. Fujitsu
|All Vendors
Source: IDC Worldwide Quarterly Server Tracker, November 2012.
In addition to the table above, a graphic showing the relative market shares of the top 5 server vendors for 3Q12 and 3Q11 is available at IDC.com. The chart is intended for public use in online news articles and social media. Instructions on how to embed this graphic can be found by viewing this press release on IDC.com.
IDC's Server Taxonomy
IDC's Server Taxonomy maps the eleven price bands within the server market into three price ranges: volume servers, midrange servers and high-end servers. The revenue data presented in this release is stated as factory revenue for a server system. IDC presents data in factory revenue to determine market share position. Factory revenue represents those dollars recognized by multi-user system and server vendors for ISS and upgrade units sold through direct and indirect channels and includes the following embedded server components: Frame or cabinet and all cables, processors, memory, communications boards, operating system software, other bundled software and initial internal and external disk shipments.
IDC's Worldwide Quarterly Server Tracker is a quantitative tool for analyzing the global server market on a quarterly basis. The Tracker includes quarterly shipments (both ISS and upgrades) and revenues (both customer and factory), segmented by vendor, family, model, region, operating system, price band, CPU type, and architecture. For more information, please contact Lidice Fernandez at 305-351-3051 or [email protected].
About IDC Trackers
IDC Tracker products provide accurate and timely market size, vendor share, and forecasts for hundreds of technology markets from more than 100 countries around the globe. Using proprietary tools and research processes, IDC's Trackers are updated on a semiannual, quarterly, and monthly basis. Tracker results are delivered to clients in user-friendly excel deliverables and on-line query tools. The IDC Tracker Charts app allows users to view data charts from the most recent IDC Tracker products on their iPhone and iPad.
About IDC
International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets. IDC helps IT professionals, business executives, and the investment community to make fact-based decisions on technology purchases and business strategy. More than 1,000 IDC analysts provide global, regional, and local expertise on technology and industry opportunities and trends in over 110 countries. For more than 48 years, IDC has provided strategic insights to help our clients achieve their key business objectives. IDC is a subsidiary of IDG, the world's leading technology media, research, and events company. You can learn more about IDC by visiting www.idc.com.
All product and company names may be trademarks or registered trademarks of their respective holders.
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KANYE WEST Admits He Gave TAYLOR SWIFT A "Backhanded Apology" For Infamous VMA Awards Interruption
KANYE WEST is admitting to entertainment news that he gave TAYLOR SWIFT a mere "backhanded apology" for his infamous interruption during her acceptance speech at 2009 MTV VMAs.
How Kanye West hit the stage and infamously interrupted Taylor Swift's acceptance speech at 2009′s MTV Video Music Awards, for which even President Obama called him an "jackass," is still pretty fresh in our minds (as well as on YouTube).
Of course, the rapper has since repeatedly apologized for his outburst and the country singer even made a song about it, making it easier for the media to make parodies of the incident.
But here's one thing that would make you think twice about things being well between the two.
Apparently, Kanye doesn't actually regret dissing Swift that night when he said Beyonce had "the best video of all time"!
He admitted in a new interview with The New York Times that what he did was mere "instinct," adding:
"It's only led me to complete awesomeness at all times. It's only led me to awesome truth and awesomeness. Beauty, truth, awesomeness. That's all it is."
And here's the shocking part. He explained the true nature of his apology to the media and Swift:
"You know how people give a backhanded compliment? It was a backhanded apology. It was like, all these raps, all these sonic acrobatics. I was like: 'Let me show you guys what I can do, and please accept me back. You want to have me on your shelves.'"
Hmm. Any reactions? Taylor?
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By Claudia S. Palma
Photo by Walt Mancini
A young girl used music as a way to connect with her father. As a grown woman, she uses music to connect with the community, especially the Latin community.
Sonia Marie De León de Vega formed the Santa Cecilia Orchestra 20 years ago specifically to bring classical music to Latino families in Eagle Rock and surrounding communities.
Through the orchestra, she also began "Discovering Music" in 1998, a two-year music education program that brings instruments into more than a dozen elementary schools throughout Los Angeles County ,and in the hands of students.
"(Starting the orchestra) was very personal. I wanted to serve my own community," said De León de Vega. "I wanted to take the arts to the schools. The kids need that or else they wouldn't have that opportunity."
Another reason to create the orchestra was so the Texas-born Latina could lead it. While she is not the first female conductor, when De León de Vega began her path to conducting, she faced some obstacles in the male-dominated field, and sometimes because of her ethnicity.
"This isn't the only unusual profession for women. I tell people, they have to follow their dream, their passion," she said. "Music is my passion. Music saved my life.
"One of the reasons I got into music, was to get (my father's) attention," she admits.
Her father, the late Reynaldo Sanchez, traveled a lot as a vocalist and guitarist in a traditional Mexican musical trio. With a traveling musician father and a noted actress mother, who is now a pop artist promoter, it was not a surprise De León de Vega began her music instruction early. But she never imagined where it would lead her.
"I never thought when I was a child that I would be conducting music," she said. "I'm making music by conducting it and choosing the programs. (It's because of conducting) that I got to start this orchestra."
De León de Vega discovered Beethoven at age 6 from flipping through radio stations. She quickly told her piano teacher and said she wanted to play Beethoven. Her teacher advised her to take it one step at a time. While formally studying music in college, she took a mandatory conducting class and her instructor saw her natural ability and suggested it as a major.
She didn't think much of it at the time but saw that there weren't many women conducting and the few that were, were working with opera orchestras and symphonies.
When she began conducting professionally, she worked mostly in Europe and Mexico. She was the first woman to conduct a symphony for a Papal Mass at the Vatican, but orchestras in the United States weren't too interested.
"I definitely feel unique " as a Latina conductor, De Leon de Vega said. "It's still rare."
There have been a few female conductors in Los Angeles and of those, few are Latina yet De León de Vega said she doesn't feel much different than any other conductor.
"(After a concert I conducted,) someone said to me, 'what's your background? You can't be Mexican, you have to be mixed.' I hated that," she recalls.
But after a concert with SCO, De León de Vega was approached by a young girl who innocently asked her if men can also conduct.
"Here's a little girl watching me conduct and thinking a woman does this all the time," she smiles.
De León de Vega admits she has been discriminated against from other conductors but never from her orchestra.
"You have to build respect. It takes time," she said. "(The orchestra) just wants someone that knows what they're doing, to act professionally."
Santa Cecilia
Soon after the death of her father, De León de Vega was inspired to create her own orchestra.
In 1992, she honored him by naming the orchestra after his favorite saint — Santa Cecilia, the patron saint of music.
"I think (my father) would really be surprised. I think he would be very pleased." she said.
The orchestra's 20th anniversary is in June. The celebrating will come at the beginning of the new season later this year.
"It does feel like 20 years: It's been a lot of work," said De León de Vega. "The growth has been great."
SCO has come a long way since its first concert which had an audience of about a dozen people in a church. Now it draws a thousand people to the concerts that are held in various places, but most recently in Thorne Hall at nearby Occidental College. The orchestra has rehearsals at Seventh Day Church in Eagle Rock.
At frst, "people thought we were crazy (to try and reach a Latino audience) but when you have culture, you have beauty. I wanted to bring beauty (to the Latin community)," said De León de Vega. "They get it now. They come back. Someone said we're building an audience one family at a time."
The concerts feature classical works from various noted composers such as Brahms and Gershwin as well as at least one Latino composer's work, such as Carlos Chávez. One show each a season is dedicated completely to works from Latin composers.
"Sonia's very excellent as far as programming," said Rodolfo Vega, associate director of SCO. "It's such where people are attracted to it. They're moved by it. We see their faces, of families (when they first arrive at a concert). They're skeptical at first, but they're surprised at their kids' behavior. They're transformed by it."
At the April concert, 'Latinos Clasicos', SCO performed Yalil Guerra's 'Old Havana,' a world premiere, and 'Leyenda de Miliano' by Arturo Márquez, a Los Angeles premiere. Both Guerra and Marquez are still alive.
"(Guerra) is the youngest composer we've featured (that's still alive)," said De León de Vega.
"It's wonderful to get the composer's feedback," she said. "Conducting is bringing that composer's heart to life. You can't just follow the notes (on sheet music), it has to come to life so the audience can feel that too. That's what's great about symphonic music, you can feel whatever you want."
Guerra, a Havana native began his classical music training at a young age as well with his parents playing a big influence.
"(I started) singing with my parents, then I started the guitar," said the 39-year-old. "I always had it in my mind that I wanted to be a composer."
Guerra studied guitar and composition in Spain. He has written 30 classical works and composed more than 100 pop songs.
"My school background is classical, but at the same time I had the popular background because of my parents," he said. "Learning to switch between the two took me some time."
'Old Havana,' composed in 2009 and the title to his first classical album, was nominated for a Latin Grammy in 2010.
Guerra is emotional as he hears his work performed by SCO for the first time during a rehearsal for Latinos Clasicos.
"I'm thankful, and so honored, that this will stay in music history records. That (De León de Vega) was the conductor and SCO the orchestra, and performed all while the composer was alive," he reflects. "That's very important. Imagine having to wait 150 years for your work to be played. As composers, we have to wait to see how it is presented. With Sonia, I'm in good hands."
Guerra had been sharing his compositions with Sonia for awhile. He finally asked her one day if she would want to premiere 'Old Havana' with SCO and she was more than willing. Guerra had another piece premiere in an L.A. piano concert in May.
"Music is an art that transmits energy when you feel the vibration of the orchestra, you can feel empathy," he said. "What Sonia and SCO is doing is great — bringing music to the L.A. community and the Latino community. They're giving them the opportunity to afford to pay a concert ticket, because many venues are expensive. They're treated to an excellent and tasteful concert with great music in abeautiful hall. The price is incredible."
Little hands make big sounds
Whether it creates future musicians or future doctors, music education is an important part of a child's upbringing, De Leon de Vega said. The orchestra's Discovering Music program's motto is "Music is for everyone."
Dodi, her 14-year-old son, has taken music lessons since he was a toddler.
"I don't believe he'll be a musician," she admits. "But it's a great thing to do, especially for children, to build their self esteem. We live in a world of instant gratification. Playing an instrument, you have to take the time to learn. You have to play every day. You have to practice and put the effort in."
Through Discovering Music, SCO reaches about 200 students in third through sixth grades each year at more than a dozen elementary schools, most in northeast Los Angeles. The program has been in about 35 schools as close as Pasadena and as far away as Pomona.
"When we reach our schools, it's really intimate," said Vega. "We send four to six musicians into the classrooms with different instruments to teach them to play."
The program works to reach schools without music programs or have limited programs. SCO changes the schools they serve every two years.
"It's like you're opening a door (the students) didn't know was there. A door to opportunity," said De León de Vega. "The kids get inspired. They get to find out about what a bassoon is, an oboe."
The program has a string program in some schools, as well as mentoring programs in some middle schools.
"Next year we will start with second grade," said De León de Vega. "We have youth orchestras in several schools (as part of the program). The future goal would be to bring them together for a larger orchestra."
Students in the program are then invited along with their families to one of SCO's concerts.
"In our experience, students have to drag their parents, many of them because they haven't been exposed to (classical music) before," said Vega. "Music can transform people's lives, we see it. It's moving that we see different age groups, many different ethnicities. It's a unique experience."
An hour before each concert, SCO offers audience members a special experience with 'Make Music!' Adults and children alike are invited to feel and play with instruments with orchestra musicians, in each of the orchestra families: strings, woodwinds, brass and percussion.
SCO has received most of its support for the Discovering Music program from foundations.
"One of the things we never cut back on is the kids programs, it's our mission," said Vega.
De León de Vega and SCO continue their mission of bringing the beauty of music to the masses with their 2012-13 season this fall.
"There's still a lot of great music I would like to perform," she said. "There's a lot of power in beauty, a lot of power in culture. When you hear it and you see it, you're impacted."
For more on De León de Vega, SCO and Discovering Music, visit scorchestra.org. For more on Yalil Guerra, visit yalilguerra.com


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A year without money
'The Moneyless Man' describes living for a year with no income and no expenses -- Dumpster diving, growing and foraging for food, riding a bike and using solar power.
This post comes from Mark Frauenfelder at partner site Credit.com.
In these lean times, people want to reduce their spending. It's easy to cut back on nonessentials such as video games and restaurant meals, but once you eliminate discretionary spending, you're stuck with an essentials budget that's hard to reduce. At least that's what most of us think.
Mark Boyle had different ideas. He'd been working as a businessman in the organic foods industry in England, and had become concerned about his relationship with money. To him, money was a negative influence: "It enables us to be completely disconnected from what we consume and from the people who make the products we use." He also believed money was largely responsible for environmental destruction and that banks spur this on by "pursu[ing] infinite economic growth on a finite planet."
So in 2008 Boyle decided to try living for a year without money. His self-imposed rules were simple: He would close his bank account and not spend or receive money (including checks and credit cards). He would live off-grid -- meaning he would produce his own energy for illumination, heat, food preparation and communicating with the outside world.
Boyle sold his houseboat and used the proceeds (a few thousand dollars) to get ready. Here are some of the things he did:
- He bought a $300 solar panel to keep his laptop and cell phone charged (accepting incoming calls didn't require subscribing to a cell phone plan).
- He obtained an old trailer for free from a woman who wanted to get rid of it.
- He made a deal with an organic farm to let him park the trailer on the land in exchange for a few hours' work each day.
- He built a compost toilet near his trailer to harvest the "humanure" for his gardening needs.
- He set up a solar shower, which consisted of a black plastic bag and a rubber hose for bathing.
- For heating the trailer, he bought a wood-burning stove made from an upcycled propane tank, and for cooking he built a "rocket stove," designed to produce high-heat using small pieces of wood.
- A bicycle provided transportation.
Started on Black Friday
He started his year of moneyless existence on international "Buy Nothing Day" (the day after Thanksgiving, also known as Black Friday -- the biggest shopping day of the year). And he wrote about his experiences in his new book, "The Moneyless Man: A Year of Freeconomics Living."
Even though Boyle launched his experiment at the beginning of winter, when gardening and foraging for food was out of the question, he discovered that food wasn't a problem. He found all he needed, and more, by Dumpster diving for products that supermarkets were required to throw out after the sell-by date expired. In the summer months, farming and foraging yielded additional food.
Transportation became an immediate problem. His bike tires punctured so frequently that he soon ran out of patching material. He posted about the situation on his blog, Freeconomy, and, fortunately, a company that makes solid, puncture-proof tires sent him some in exchange for a mention on his website. Post continues below.
Once Boyle got started, he fell into a routine. It was quite labor-intensive -- he had to wake up early and, in the winter months, put wood into the stove to heat up the trailer. Then he would have to go out and fire up his rocket stove to cook his food. If he needed to go into town, he had to hop on his bike and pedal 18 miles. He was busy from sunup to sundown.
Discovering simple pleasures
Summer was easier. In the book, Boyle recounts the pleasures of "long evenings walking in the woods, camping by the beach at the weekend, cooking food that you've grown and picked yourself, cycling, listening to acoustic music by a camp fire, wandering in the wild foraging berries, apples and nuts, skinny-dipping in the lake, and sleeping under the stars."
At the end of the year, Boyle organized a festival for 1,000 people who came to enjoy free food and drink, made with the help of friends who foraged, Dumpster dived and bartered for the food, as well as fermented the beer and wine that was given away. The festival, along with his experiences over the year, prompted Boyle to make the decision to remain moneyless after the year-long experiment. He used the advance from the book to establish a trust to purchase a plot of land for a moneyless community.
Inspiration for living with less
I suspect that most people who read this book won't want to go completely moneyless. But it could inspire them to think about ways to reduce spending. For example, you can prepare more of your meals at home from fresh ingredients rather than eat at restaurants. You can play board games at home with friends and family instead of going to the movies, and you can invite friends over for impromptu amateur music jam sessions instead of going out to concerts and nightclubs.
Before Boyle started his experiment, he had prepared himself by learning "carpentry, vegetable growing, permaculture design, medicine, clothes making and repairing, cooking, bushcraft, and teaching." It turns out that these skills, while valuable, were of secondary importance to the "primary skills" for freeconomic living: "physical fitness, self-discipline, genuine care and respect for the planet and the species that live on it, and the ability to give and share."
More on Credit.com and MSN Money:
- How do people survive on minimum wage?
- The best credit cards in America: airline miles and low interest
- Can you live on $330 a week?
- The dos and don'ts of paying a debt collector
- Free stuff: Get it, give it, swap it
- Europe: the confidence game that could break the bank
- Calculator:Is your budget in balance?
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Green ArrowTalk4
this wiki
|Green Arrow
Green Arrow is a Super Heroes minifigure. He first appeared on portable versions of LEGO Batman 2: DC Super Heroes, but was later made physically available, although in extremely limited quantities, as a Comic-Con exclusive giveaway. He then appeared as a playable character in LEGO Batman 3: Beyond Gotham and will appear again in 2015 in the set 76028 Darkseid Invasion piloting the Javlen-7.
Green Arrow wears a tight, mostly green tunic. At the sides of the tunic, roughly around the muscular pattering, is a darker green section with diagonal, black lines to give the appearance of a ridged texture. Arrow has a strap with a golden latch at the end around his arm. At two points are light green lines with a gentle incline that emerge from each of the straps before taking a more drastic plunge and then finally returning to their original slant when they reach a seam in the center of the suit. The seam runs down the length of the torso to a golden belt-buckle, which is an oval with an arrow insertion, to his hips. There the tunic parts into two flaps which do not extend much further. The belt is black and of the same width as the straps. Two other straps emerge from the buckle and curve downward over Arrow's tunic until they reach the end of his leg. Beneath the tunic, Arrow has dark green trousers, knee-pads, and boots. His arms are bare and he wears earth green gloves.
An earth green hood is pulled over his double sided head, which has dark tan stubble and a smirk and on the other side a serious look. Over his eyes is an earth green mask with bright yellowish green eyes.
In the video games
Green Arrow has a green hood and mask. He has a smiling face with a light beard of stubble. His torso is black, but mostly covered in green patterns. His "suit" is tight enough to show the cut of his muscles and has a belt running above his waist with an ornamental "G" as the buckle. His arms are green, decorated with lines to depict archer's gloves. He has black legs with green boots. His hips are also black and decorated with a continuation of the lines dividing the black from green on his torso and a small continuation of the green itself in the center. He carries a bow and has a quiver mounted on his back.
Green Arrow is unlocked for purchase after finding the first minikit in the level 'Wayne Industries' and can then be purchased for 200,000 studs.[1] He is playable in the Justice League training missions after completing story mode.
He is armed with his bow and is able to use the grapple ability, acrobatics, charge his attacks to destroy silver objects, use stealth to avoid detection, and hit several targets concurrently.[1]
Oliver Queen was the heir to Queen Industries and a vast fortune that came with it. However, at a young age his parents were killed. Ollie grew up into a disrespectful playboy. As an adult, he was assumed dead after an accident left him stranded on a deserted island. To survive, Ollie constructed a makeshift bow and used his natural affinity for archery to hunt and survive on the island. During his time there, he discovered a village which had been desolated by drug traffickers. Ollie was able to escape the island when the traffickers returned. He donned a disguise made from the island's fauna and grease from their ship. Using his bow, he managed to defeat them and return to the mainland, where they were handed over to the authorities.
From his time on the island and his experience with the traffickers, Ollie became hardened and developed strong political views. He took more of an interest in Queen Industries, using its state of the art technology to begin a career as the vigilante Green Arrow. His best known equipment is a collection of trick-arrows, which make use of a specialized gimmick to make them well suited for specific situations.
Green Arrow has been a core member of several iterations of the Justice League of America, often as the team's political conscious. Arrow's views have put him at odds with Hawkman, Batman, and Green Lantern, though he has been able to put aside his differences with Batman, for a working relationship, and developed a strong friendship with Hal Jordan. While in the Justice League, Arrow also met Black Canary, who he fell in love with.
In LEGO Batman 2
Though he does not appear in the story, Green Arrow is a member of the Justice League and is playable in a few of their side-missions.[1]
Gallery of Variations
- Green Arrow's comic con minifigure is based off of the New 52 comics variation.
- In addition, the LEGO Batman 2: DC Superheroes Green Arrow playable character is based off of his appearance in the New 52 comics.
- In LEGO Batman 3: Beyond Gotham he is voiced by Stephen Amell, who also plays Green Arrow/Oliver Queen in Arrow.


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Tennis court and multi-use games area (MUGA) construction has been the core of Doe's expertise and success since 1946. With the development of synthetic turf in the early 80's and, latterly, 'third generation' artificial grass, we expanded our activities to include hockey and football pitches.
Doe are established and reputable, providing innovative sports solutions with proven products and an experienced, skilled workforce.
We offer local service with national coverage and can deliver complete 'design and build' packages or, individual project elements as required. Doe are...
Our objective – delivery of quality products which are user friendly and sustainable
Latest News
Doe Sport North's design manager, Ian Davidson, gave young players a big hand at the official launch of new public tennis and petanque courts on the historic Leith Links in Edinburgh. Ian was on court to represent Doe Sport as our new installation was inaugurated by local schoolchildren on Thursday, 31 October 31.


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For a long time I haven't really been into crafts. I used to make a lot when I was younger, but then GCSEs, A-levels and University took over and I was too busy. Following those, I was soon married and helping my husband with fulltime ministry alongside trying to run a household. Then children came along and lots of house moves!
I think also, when I was 18 and fully gave my life over to God, I was so caught up with seeking God's kingdom that many other things besides reaching souls and discipleship seemed insignificant in comparison.
However now I have a 6 year old daughter, and last year I read Little House in the Big Woods to the children as part of our Sonlight curriculum. In there it talked about how Laura and her sister, who was about Hope's age, would sew and knit clothes for their dolls.
I immediately thought, "Wow, Hope would love that!" She really likes crafts, just as I did when I was younger. So I resolved that I would try and learn to knit so I could teach her. I had once tried to learn when I was younger but it ended in tears!
So a kind lady from church taught some of us who were interested how to knit, and then I went on to teach Hope. I think that sparked my interest in crafts again as I realised it was fun to be able to make clothes for Hope's dolls, and it was also a very sociable hobby.
I can't blog or read and talk to my husband. But I can knit and talk at the same time! And while I wasn't very fond of the beach, I could take some knitting along there and it would make it more interesting while the children played.
My mother is a great quilter, which you can see if you look at her amazing blog. But I had always thought that I would never do that - a year to make a quilt just sounds toooo long! Then one day we went to Costco and I was looking at the books (very predictably) and my eyes suddenly lighted upon a book with beautiful colours.
It was a Patchwork book by Cath Kidston, with a kit on the inside to make a cushion, and photos of really pretty fabrics on the front. All the projects looked quite small and doable and I thought that would make a really fun birthday present for myself as well as for a lot of other people I know! So I ended up with it :)
Then a good friend was expecting a baby and I started to think of what I could make for her, and looked through that book along with another similar one my mum had given me. There was a project for a baby quilt in there which was labelled as taking 3 hours. That definitely sounded doable. So I decided to go for it and ask my mum to help me with anything I got stuck with!
It definitely took waaaay longer than 3 hours but it was a lot of fun. I think what took longer is the fact that I hand pieced it together rather than doing it with the sewing machine, and then instead of tying knots through it to quilt it like the book suggested, I did actually quilt it properly (although I resisted my mum's hint that I might like to hand quilt it and decided on the sewing machine instead since by that time the baby was already born!).
Here are some photos:
My first two fabrics cut into squares. I was so excited at this point that I had to take a photo and send it to my mum! I based all the colours around a lovely farmyard fabric I found on ebay. I figured if I did a farm rather than baby owls or bears, it might stay fun even after the baby has grown a bit! The batik fabric I just couldn't resist because I loved the colours too much.
This is all the fabrics cut into squares and arranged. We took final photo from above so I could make sure it looked OK!
Here is my brand new quilting tin my mother gave me, with all the rows of squares pinned together in the right order so I wouldn't forget how to put them together.
A cup of tea and some hand piecing with my lovely chinese baby pin cushion :)
Quilting a sample
My mum showing me the ropes on her sewing machine. I didn't dare borrow it without her being there as I was too scared of something going wrong and I didn't want to break it!
Actually quilting!
All the quilting done, now just the border to go...
And the finished product
Complete with baby!
I was reading in Exodus this morning, and struck as I always am when I read it, at how God gifted the artisans who made everything for the tabernacle:
'All who are gifted artisans among you shall come and make all that the Lord had commanded'...'All the women who were gifted artisans spun yarn with their hands'...'And all the women whose hearts stirred with wisdom spun yarn of goats hair'...'See the Lord has called by name Bezalel the son of Uri, the son of Hur, of the tribe of Judah; and He has filled him with the Spirit of God, in wisdom and understanding, in knowledge and all manner of workmanship, to design artistic works'
What I take from that is that God gifts us for crafts as well as other things, and we can use them for His glory and minister to others with them. Just like Dorcas did who made tunics and garments for widows, and the excellent wife of Proverbs 31 who made tapestry, linen garments and willingly worked with her hands.
Here are some benefits of crafts and making things as I was thinking about the woman of Proverbs 31 today:
- She made her home beautiful
- She brought profit to the family by selling what she made
- She kept busy and was not idle
- It's a constructive way of using rest and relaxation time
- Creativity is reported to reduce stress
- It can bless others


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SAL Closed Saturday, April 19Posted by staff in News
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Apr 12 2014
SAL Closed Saturday, April 19Posted by staff in News
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Mar 27 2014
Declaration for the Rights to LibrariesPosted by staff in News
The American Libraries Association has come up with the Declaration for the Rights to Libraries. Check it out and show your support.
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Feb 12 2014
Free eReader and Basic Computer ClassesPosted by staff in News
The Saegertown Area Library will be holding additional classes.
The eReader classes will be Thursday, March 6th 5:30-6:30 P.M. and Saturday, March 8th 10:30-11:30 A.M.
Basic computer classes will meet Thursday, March 13th 5:30-6:30 P.M. and Saturday March 15th 10:30-11:30 A.M.
If you are interested, you can sign up by stopping at the circulation desk or calling Saegertown Area Library. If you know anyone who could benefit from one or both of these classes, please pass on the information to them. Class size is limited, so attendees must be preregistered.
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Feb 01 2014
Annual 5K Race/Walk-a-thonPosted by staff in News
Saturday, May 10th is the 4th Annual, Love Your Library 5 K Race &Walk-A-Thon!
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Jan 29 2014
Free Basic Computer CLassesPosted by staff in News
Saegertown Area Library will have free basic computer classes on Thursday, February 6th 5:30-6:30 P.M. and Saturday, February 8th 10:30-11:30 A.M.
These are designed to provide a foundation for computer use.
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Dec 31 2013
Movie Prize AwardedPosted by staff in News
Today, Saegertown Area Library reached the 1500th checkout for the month of December. The Jordan family posed with their prize basket. We are happy it went to such avid readers!
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Dec 14 2013
Holiday ClosingsPosted by staff in News
Saegertown Area Library will be closed Tuesday, December 24, and Wednesday, December 25. We will also be closed Wednesday, January 1. All other days will follow the normal schedule. Happy Holidays!
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Dec 02 2013
Check Out December PrizesPosted by staff in News
Check out items (books, magazines, movies, music, etc.) from The Saegertown Area Library and win prizes. Check out the 500th item for the month and receive one free movie rental. Check out the 1000th item and get two free movie rentals. Check out the 1500th item and win the prize basket below!
This basket includes four free movie passes and one $10.00 gift certificate for The Movies at Meadville, one holiday themed six movie DVD set, and five movie theater sized boxes of candy!
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Nov 29 2013
Amazon SmilePosted by staff in News
Anyone shopping on Amazon can help the library. Go to smile.amazon.com to shop and select Saegertown Area Library Association Inc as your non-profit choice. Amazon will then donate 0.5% of the price of your eligible AmazonSmile purchases when you shop at AmazonSmile (smile.amazon.com).
Thank you!
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Nov 29 2013
The Affordable Care ActPosted by staff in News
Need assistance with applying for health insurance in the Health Insurance Marketplace?
You are invited to our open enrollment day. Our Crawford County Certified Application Counselor will be on site to assist you with questions about the Health Insurance Marketplace as well as help you with the application process.
When: Wednesday, December 11th
Time: 12:30pm- 2:30pm
Where: Saegertown Public Library
If you would like to make an appointment to apply in person at a different date please contact Shannon Spear @ 814-333-1758 or firstname.lastname@example.com.
If you would like to apply over the phone please call the Marketplace Call Center @ 1-800-318-2596 or visit their website @ www.healthcare.gov
Please bring the following items with you if would like to apply:
· Social Security Card
· Most recent tax return/Current Income information
· Current Employment Information/Current Insurance Policy
· Driver's License
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text:
Marc Anthony
There's no denying 2011 has been a year of scandal, breakups and divorce.
Check out "Extra's" list of the year's biggest splits... can you guess the number one celebrity split?
Jennifer Lopez recently gave "Extra" host Maria Menounos a very sexy lesson on what Lopez coined, "the booty shake." The singer, who couldn't demonstrate the moves due to what she was wearing, told Maria, "I can't show you now, 'cause this is like a prom dress... [but] I can tell you this: it's all in the knees. Shake your knees."
After Maria gave it a shot, Jennifer smiled, "Pretty good... the whole room is like, 'Yeah, I love you!'"
The star, who recently sat down exclusively with "Extra," talked about moving on from her split with Marc Anthony, and putting those breakup headlines behind her. "You keep going, and that's what it is."
Singer Jennifer Lopez broke down in tears while performing onstage in Connecticut.
"I'm going to sing you the last song I wrote about love," Lopez, who recently split from husband Marc Anthony, told the audience at the Mohegan Sun's 15th anniversary celebration on Saturday night after singing an acoustic rendition of her hit "If You Had My Love." "A lot has changed since then."
Marc Anthony and Will Smith were hanging out at Monday night's Miami Dolphins vs. New England Patriots game at Miami's Sun Life Stadium.
Despite last month's rumors of Will's wife Jada Pinkett Smith having an affair with Anthony, her "HawthoRNe" co-star, Anthony and Smith seemed to have a great time together at the game. Anthony, 42, is co-owner of the Dolphins with estranged wife Jennifer Lopez.
In the first interview with "Extra" since his split with Jennifer Lopez, Marc Anthony tells AJ Calloway he will always be friends with Lopez, saying, "She's great and that'll never change."
Since his appearance on ABC's "Nightline," Anthony continues to praise the mother of his children and reveals, "We're going to be in each other's lives for many, many years, and I'm glad our friendship is that strong. We got 80 years of seeing each other, we got kids, you know what I'm saying?"
The Jada Pinkett Smith hospital drama "HawthoRNe" will not be going forward with a fourth season.
"TNT has decided not to order a fourth season of 'HawthoRNe,'" the network said in a statement Friday. "TNT truly appreciates the tremendous dedication of everyone involved in 'HawthoRNe.' The series gave TNT the opportunity to work with many outstanding people, including Jada Pinkett Smith and the rest of the show's talented cast, crew, producers and writers. We wish everyone involved with HawthoRNe nothing but the best."
In Marc Anthony's exclusive interview with John Quinones of ABC's "Nightline," the singer spoke of his separation from wife Jennifer Lopez and denied allegations of cheating.
Anthony summed up his failed marriage to just that, without revealing any specific reasons -- simply insisting, "these things happen," and "it wasn't something sensationalistic."
Singer Marc Anthony will open up for the first time about his separation from wife Jennifer Lopez on ABC News, airing Thursday.
In a promo for the interview with reporter John Quinones, Anthony says, "I'll always love Jennifer."
While Marc chose to sit down for the televised special addressing his split, J.Lo spoke to Vanity Fair earlier this month about the breakup, saying she still believes in love. "It's still my biggest dream. I am positive -- determined to move forward with my life, bring up my babies, and do the best job I can as a mother, entertainer and person. I now look forward to new challenges. I feel strong."


text:
James Purnell is a former Labour cabinet minister.
He read Philosophy, Politics and Economics at Balliol College, Oxford and was a researcher to Tony Blair during his time as shadow employment secretary. After graduating, James went to Hydra Associates and to IPPR as a research fellow on its media and communications project.
James was head of corporate planning at the BBC from 1995 to 19997 and was elected as the MP for Stalybridge and Hyde in 2001. He served as Parliamentary under-secretary of state at the Department for Culture, Media and Sport and as minister of state for pensions reform at the Department of Work and Pensions. In June 2007, he was promoted to secretary of state for culture, media and sport. James was appointed work and pensions secretary in January 2008.
James stood down as an MP at the 2010 election and took up the chairmanship of IPPR's Trustees in September. He is also on the board of the National Theatre.
James Purnell is a former Labour cabinet minister.
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Judy Blume. [sigh]. I still get a little thrill. See the video of our conversation here.
you two should do a convo with all of your future books. and hers. i would def come again.
Judy Blume. [sigh]. I still get a little thrill. See the video of our conversation here.
you two should do a convo with all of your future books. and hers. i would def come again.
i attended a barnes and noble event last night featuring tayari jones and judy blume in conversation about tayari's latest work, silver sparrow, and it was greatness. a recap:
i don't know, there is just something about the seminal author of your childhood legit fangirling a young, black, female author on the rise who shares your hometown and is ridiculously talented. it does things to me. so glad i went to this event.
insert biggest fangirl squeal possible. like, so intense, that the 10-yo version of me is squealing. i didn't really get to talk to her bc it was so hectic, but judy is amazing. and she's as big a fan of tayari as i am. also, my throwback edition of this book got lots of kudos. thanks @teenaglos for sending it to me in time! (Taken with Instagram)
going to this tuesday. my fangirl levels are on tilt in anticipation.
Judy Blume fans packed USC's Bovard Auditorium on Saturday afternoon to hear Los Angeles Times staff writer Mary McNamara talk with the author about her books, her writing career and her characters at the L.A. Times Festival of Books.
So I went to this yesterday! Judy Blume was amazing, and I actually started tearing up while she was talking about writing Are You There, God? It's Me, Margaret. I wasn't the only one; there were women all around me wiping their eyes. Apparently, she wrote Forever in part because her then 14-year-old daughter asked her, "Mom, why aren't there any books where two kids do it and nobody dies?" And she talked a lot about the importance of reading and there were about six really young kids who came up to her during Q&A to tell her how much they loved her books, which made me cry a little, and she was so warm and intelligent and lovely and I'm still not over it, not really.
i'm going to an event with her and another amazing author, tayari jones, next month and i'm ridiculously geeked about it. which reminds me, i have to get my copy of just as long as we're together sent to me from home so that i can get it autographed. fave judy blume novel, hands down.


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Pearl Couscous and Currants
Photo: Jennifer Davick; Styling: Linda Hirst
Nestle your favorite kabobs over a bed of Pearl Couscous and Currants.
Yield: Makes 2 cups
- 2 cups vegetable broth
- 1 1/2 cups uncooked pearl couscous
- 2 tablespoons extra virgin olive oil
- 1/4 teaspoon salt
- 1/4 teaspoon coarsely ground black pepper
- 1/4 cup currants
- 1 tablespoon chopped fresh mint
- Bring broth to a boil in a medium saucepan. Stir in couscous, reduce heat, and simmer 10 minutes. Drain, if necessary; stir in remaining ingredients.
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Pearl Couscous and Currants Recipe at a Glance
- COURSE: Side Dishes/Vegetables
- CONVENIENCE: Family, Quick/Easy
- MAIN INGREDIENT: Rice/Grains
- DIETARY CONSIDERATION: Meatless
- PUBLICATION: Coastal Living
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The Nonexistence of Instrumental Variables
AbstractThe method of instrumental variables (IV) and the generalized method of moments (GMM) has become a central technique in health economics as a method to help to disentangle the complex question of causality. However the application of these techniques require data on a sufficient number of instrumental variables which are both independent and relevant. We argue that in general such instruments cannot exist. This is a reason for the widespread finding of weak instruments.
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Bibliographic InfoPaper provided by Department of Economics, University of Leicester in its series Discussion Papers in Economics with number 11/24.
Date of creation: Mar 2011
Date of revision:
Handle: RePEc:lec:leecon:11/24
Contact details of provider:
Postal: Department of Economics University of Leicester, University Road. Leicester. LE1 7RH. UK
Phone: +44 (0)116 252 2887
Fax: +44 (0)116 252 2908
Web page: http://www2.le.ac.uk/departments/economics
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Web: http://www2.le.ac.uk/departments/economics/research/discussion-papers
Related researchKeywords:
Other versions of this item:
- Stephen Hall & P.A.V.B. Swamy & George S. Tavlas, 2009. "The Nonexistence of Instrumental Variables," Discussion Papers in Economics, Department of Economics, University of Leicester 09/16, Department of Economics, University of Leicester.
- C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
- C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
This paper has been announced in the following NEP Reports:
- NEP-ALL-2011-04-23 (All new papers)
- NEP-SOC-2011-04-23 (Social Norms & Social Capital)
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Cited by:
- Stephen Hall & Amangeldi Kenjegaliev & P.A.V.B. Swamy & George S. Tavlas, 2013.
"Measuring Currency Pressures: The Cases of the Japanese Yen, the Chinese Yuan, and the U.K. Pound,"
Discussion Papers in Economics, Department of Economics, University of Leicester
13/10, Department of Economics, University of Leicester.
- Hall, Stephen G. & Kenjegaliev, Amangeldi & Swamy, P.A.V.B. & Tavlas, George S., 2013. "Measuring currency pressures: The cases of the Japanese yen, the Chinese yuan, and the UK pound," Journal of the Japanese and International Economies, Elsevier, vol. 29(C), pages 1-20.
- Ma, Shuang & Sun, Churen & Tian, Guoqiang, 2011. "Minimum wage and export: evidence from Chinese firm-level data," MPRA Paper 35098, University Library of Munich, Germany.
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This is a great break from the old vinegar and oil mix with kidney beans. This was so easy to make and perfect for warm weather. My wife says we are going to serve it to our family in the upcoming reunion. I served the salad alongside some grilled shrimp that I marinated in blood orange infused olive oil.
The New Three-Bean Salad
JimPrice Posted: 08/27/09
AllyLeff Posted: 10/06/10
This recipe is super easy and so good! I'm thinking of adding tofu next time to make it more of a meal than a side dish.
dwrona Posted: 05/14/13
I loved this 3 bean salad. I ate the salad immediately after preparing the salad and also the next day. I preferred the brightness of the lemon on the first day.
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DIY Maxi to Wrap Skirt Tutorial from Free Series.
DIY Cut Out Maxi Dress Tutorial from A Matter of Style here. The cut out patterns are based on tattoos and you could easily make a cheap jersey knit maxi skirt - there are so many free and easy tutorials on the internet.
DIY High Waisted Pants to Slit Maxi Skirt Tutorial from Cotton & Curls here. This is so much easier than it looks and you can probably find a thrifted pair of expensive lined/unlined pants. La Vie en Rose came up with this same tutorial for a pencil skirt last year and for Auna's excellent DIY go here. For more maxi skirt/dresses DIYs go here: truebluemeandyou.tumblr.com/tagged/maxi
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Discovery Days
Discover your inner scientist! Drop in and explore our monthly informal hands-on science sessions, then make a craft to keep. Activities are open for exploration from 10:00am-1:00pm and are included with your Museum admission. Many of our Art Room and Story Time activities will also reflect these monthly themes.
Upcoming Themes:
- January – Music and Sound
- February – Colorado Weather
- March – Big and Small
- April – Be Green
- May – Get Growing! (We thank Ollin Farms for their support.)
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- July – Make a Splash!
- August – Investigating Dinosaurs
- September – Sailing with Pirates
- October – We ♥ Art
- November – Fall and Harvest
- December – Toys and Games
Check out our calendar or Facebook page for dates and times of upcoming Discovery Days programs.


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Baggage Handlers - Luton Airport
- Luton, Bedfordshire
- £7.52 per hour
- 100+ applications
- Job type: Contract, part-time
- Date:
- Reference: 24107011
AVS More jobs from AVS
Baggage Handlers - Luton Airport
£7.52 per hour
You will be working for a major employer at London Luton Airport working in the baggage department loading & unloading baggage/cargo onto and off aircraft. This is a physically demanding job, working indoors/outdoors in all weather conditions in a noisy, fast paced environment. Key responsibilities:-
Training Course Starts 19th May 2014
You must be able to work earlies/lates a 24hr / 7 day a week shift pattern Example shift pattern: 05:00-09:00, 12:00-16:00, 22:00-02:00. Contracted 20 hours per week, with great potential to make full time hours depending on your flexibility!!!
Contract ending 31st October 2014, this however may lead to a permanent position or a new contract de-icing for the winter months depending on your performance & attendance. You must be able to work the full term of the contract Must have Full UK/EU driving license with no more than 6 points and be free of Drink Driving and Insurance Convictions
You must be able to provide a full 5 years history employment, education including any gaps & unemployment.
Job offer subject to completion of training, full 5 year reference history and criminal check