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For months now, a close friend has been working 14-16 hour days at a boring job that pays less than she used to earn. But she was out of work for months and desperately needs the paycheck. So she works and work and works .
It turns out she's not alone. Lots of hard-pressed workers are in that predicament, raising productivity for their employers and giving their employers reason not to hire other workers:
When workers become more efficient, it's normally a good thing. But lately, it has acted as a powerful brake on job creation. And the question of whether the recent surge in productivity has run its course is the key to whether job growth is finally poised to take off.
One of the great surprises of the economic downturn that began 27 months ago is this: Businesses are producing only 3 percent fewer goods and services than they were at the end of 2007, yet Americans are working nearly 10 percent fewer hours because of a mix of layoffs and cutbacks in the workweek.
That means high-level gains in productivity — which in the long run is the key to a higher standard of living but in the short run contributes to sky-high unemployment. So long as employers can squeeze dramatically higher output from every worker, they won't need to hire again despite the growing economy. . .Businesses have certainly not been investing in new equipment that might enable workers to be more efficient — capital expenditures plummeted during the recession and are rebounding slowly. And the structural shifts occurring in the economy are so profound that one would expect productivity to be lower, rather than higher, as people need new training to work in parts of the economy that are growing, such as exports and the clean-energy sector.
So what's happening? As best as anyone can guess, the crisis that began in 2007 and deepened in 2008 caused both businesses and workers to panic. Companies cut even more staff than the decrease in demand for their products would warrant. They were hoarding cash, fearful that they wouldn't have access to capital down the road.
When demand for their products leveled off in the middle of last year, the companies could have stopped cutting jobs or even hired people back. But they didn't — payrolls have continued declining.
Instead companies squeezed more work out of remaining employees, accounting for a 3.8 percent boost in worker productivity in 2009, the best in seven years. Which raises the question: Why couldn't companies have achieved those gains back when the economy was in better shape? The answer to that may lie on the other side of the equation — employees.
Workers were in a panic of their own in 2009. Fearful of losing their jobs, people seem to have become more willing to stretch themselves to the limit to get more done in any given hour of work. And they have been tolerant of furloughs and cutbacks in hours, which in better times would drive them to find a new employer. This has given companies the leeway to cut back without the fear of losing valuable employees for good.
March 31st, 2010
12:46 pm
Count me as one of those working 12 hours a day (60 hours a week at a 40 hour a week job) for fear of losing my job. I was out of work for 9 months last year. My debt is high, my savings are gone. If I lose this job, I will lose my house. If I don't work 12 hour days, there are 5 others in line for my position. It is what it is.
I'd like to go home at 8 hours, but that is a dream for a better economy.
March 31st, 2010
12:46 pm
"That means high-level gains in productivity … in the short run contributes to sky-high unemployment."
Hogwash. The productivity gains of the 80's and 90's were accompanied by low unemployment. To blame the current extended period of high unemployment on increased productivity is equivalent to blaming high food prices on increased agricultural productivity.
March 31st, 2010
12:51 pm
Tucker's friend should start her own business & stop complaining about her job.
March 31st, 2010
12:59 pm
In 1907, 15 year old Mae West made $115 a week dancing in Vaudeville. Those were the days!
Angry Suitor -
Why can't you stay here – - -like the rest of us!
Mae West -
Because I ain't like the rest of ya's
March 31st, 2010
1:00 pm
Hogwash on your hogwash. My company laid off 20% of it's workforce, cut my pay, benefits, and insurance, which I understood at the time and my "part. Two years later, my work load and hours spent to accomplish that workload has increased 45%, i'm doing 10-12 hrs/day, no raise, no benefits, and my company's profit margin experienced a record increase. They've announced that wages/benefits will remain frozen, there are no plans to hire any time soon, but they are "confident that the tremendous output from you (the employee) will ensure yet another record in manufacturing productivity and profitability."
Business has no interest in employment numbers. It's not their problem. Make it fast, make it cheap, and if you can't, they'll hire someone who will. Because they're out there. I tell you, this recession was the best thing to happen to business – from a management standpoint – in decades.
March 31st, 2010
1:06 pm
Well, tell Tucker I'm doing my part to get people back to work. I got to admit it, I goof off every chance I get. When I'm close to a wireless area, I park the truck and blog awhile. But these people that are working so hard for so many hours are about to ruin it for the rest of us. If they don't stop it, the boss down at the warehouse is liable to lay a couple drivers off and shift their work to the rest of us. You can't hardly blog much if you're having to spend all your time hauling beer into stores and bars.
So I'm saying to all you people working 10 and 12 hr. days, stop it. Get fired if you have to. It ain't no skin off of me if you get canned and loose your house. But it would sure put a hurt on me if I wound up with 10 or 12 more places to haul beer to.
Have a good p.m. everybody.
March 31st, 2010
1:07 pm
Somebody has to work to pay the taxes of those 50% who do not. and if you do not like the hours in the private sector, go to work with the Government, they are paid considerbly higher than those in the private sector and only work a minimum of 8 hours a day plus every holiday the government can think of. The next time you see your congressman, thanks himn / her for your problem.
March 31st, 2010
1:08 pm
You need to consider how much is employer, not employee, driven. An employer may expect a employee to work those hours. Or, if the employee slacks off, it doesn't mean the employer will run out and hire someone else. The employee either works what the employer wants or may not have a job, then there is simply an even exchange, one unemployed person for another. Everything is not that simplistic; don't try to make the unemployment rate the fault of those who work hard at the jobs they have. ("Yeah, let me work 4 more hours everyday and not have time to spend with my husband and children or other activities or have more time to myself, and let's see how many poor unemployed people I can keep from working.")
March 31st, 2010
1:09 pm
This shows just how out of touch liberals are with the real world. Unfortunately Obama and his band of academics and lawyers have not been able to do any better. Would it kill him to have one person in his cabinet who had actually worked in an environment where private sector jobs are created?
Jobs will be created when businesses feel confident they know what's going to happen with this economy. At this point there are so many unknowns just in legislation and taxes they are in a hold pattern.
March 31st, 2010
1:10 pm
March 31st, 2010
1:10 pm
Even more hogwash, I am a middle class working American and Obozo care is already raising my taxes. Now that my company can't right off the money they pay for my healthcare, they will be adding onto my base salary and taxing it. Now my company can't right that off so their bottom line just got higher, which means it will not be hiring soon, due to Obozo care. Why does Obozo care not like my medical spending account, they are removing that also, so how come a middle class family making under 100k going to be paying more taxes, just one more Obozo lie. It seems like the liberals just don't understand what a lie is, as long as a liberal is saying it…
March 31st, 2010
1:11 pm
Ms. Tucker:
Why did you post this? It has nothing to do with race that I can see.
March 31st, 2010
1:11 pm
Be nice if Cyn actually knew something about economics and less about her liberal ideology.
March 31st, 2010
1:13 pm
The purpose of a business is not to hire people, it's to make money. According to this article, productivity went down 3% when the number of hours went down 10%. That proves that there were people that the businesses didn't need. Unprofitable "work". This article only makes sense to someone who thinks that people "deserve" jobs.
March 31st, 2010
1:15 pm
Leave it to Cynthia to encourage people to be less productive.
My gosh, why the AJC keeps paying you for this dribble is beyond me.
March 31st, 2010
1:16 pm
Couldn't some of this also be that the dead weight of companies has been removed?
March 31st, 2010
1:19 pm
"No new taxes on those who make less than 250K/yr…… not one thin dime".
March 31st, 2010
1:21 pm
In a sick way I am enjoying the unemployment rate because it has made morning / evening traffic much smoother.
March 31st, 2010
1:24 pm
As government piles on additional costs and unfunded mandates, companies will have to find ways to reduce expenses. In a service economy that has only one meaning.
In a rational world, government would not add $1 trillion dollars to Federal spending – with assuredly no increase in deficit, meaning new taxation will cover the spending – in an area where most people are broadly satisfied, one where mere tweaks would suffice.
March 31st, 2010
1:26 pm
@ Ragnar
Can you the outcry on the left if Rearden metal ever becomes a reality?
March 31st, 2010
1:30 pm
productivity does not increase unenployment nor does working more hours mean that you are more productive
March 31st, 2010
1:32 pm
Now it appears that "Drill, baby, drill" is a good thing. How does Bozo come up with these revelations? Seems like a guy named Bush had the same ideas but was demonized beyond belief for suggesting that we drill off the coastal US, especially in Florida. We'll see how Florida accepts Bozo's latest "Prolamation for the Good of America" sometime in November.
March 31st, 2010
1:33 pm
Dear DeKalb Conservative @ 1:26, ha, that is perhaps the only element missing from today's real world.
March 31st, 2010
1:33 pm
The premise of this argument is false; the argument itself is specious. Should we have armies of telephone operators? Trolley conducters? Coachmen?
Are there fewer people in IT today than 20 years ago? Fewer in manufacturing? — NO! There are armies of these people here and abroad. For one, the major corporation I work for is growing its IT department by leaps and bounds.
If you are not maximizing deployment of available resources you open yourself and your business up for someone else to capture the opportunity. The market is not 100% efficient in this regard, but it's pretty darn good overall. Government on the other hand is almost totally inefficient in deploying resources; not subject to the same market forces.
The fact that we have idle and underutilized hands today is not a symptom of increased productivity. The universe of possibility is not finite. Would we be better off employing people to be inefficient and non-productive? In the very finite short-run some people would be better off. Beyond that, the system would be unstable and unsustainable.
Get a life, people, and shake off the indoctrination. This is all rooted in common sense.
March 31st, 2010
1:34 pm
Maybe, just maybe, the employers have gotten rid of the lazy employees. Now they have the ones that are there to actually do work.
March 31st, 2010
1:38 pm
I actually think there is something to the article Cynthia quotes. At my own company we were specifically told "The 40 hour workweek is a thing of the past." The basic message is that we need to work more hours and that message is continually, subtly reinforced…"We're lucky to have jobs" and "You can always be replaced." Companies are using fear of losing a job in a bad economy as a way to squeeze more out of their existing workers.
My division was even promised by the CEO that if we made our numbers for last year then they'd hire people to re-invest in the business. We surpassed our numbers, the company is selling more of the products so volumne as increased, and not a single new body…we're told NO NEW HIRES! When I asked about the promise of bodies for making numbers at a company meeting I was quickly brushed off and the topic changed. I'm surprised I still have a job because I was advised for future reference that "team players don't ask questions that put the CEO on the spot like that."
March 31st, 2010
1:43 pm
"Leave it to Cynthia to encourage people to be less productive." Do you even understand what productivity means? Working more hours does not make one more productive. It just means you work more hours. Increasing productivity really means increasing a worker's efficiency so that they can do more work in the same amount of time. These rises in productivity are false data because they are simply measuring volume of output by X number of workers. If you take the number of hours into consideration then the gains are pretty much wiped out. I'll bet the numbers would be signifantly different if the figure measured volume of output by hours worked.
March 31st, 2010
1:45 pm
To believe the basis of this article is to believe that the industrial revolution, the harnessing of electricity and the amazing advances in semi-conductor technology–all of which increased productivity enormously and resulted in more jobs with higher pay–should have caused , in CT's words, "sky-high unemployment."
It is the kind of victim speak that bemoaned the loss of all those farrier and telephone operator jobs while overlooking the jobs and productivity that the automobile and advanced telephone technology brought us.
March 31st, 2010
1:59 pm
40 hour work weeks are for the lazy people!
March 31st, 2010
2:00 pm
We have the head of the RNC going to voyeur clubs, we have the Dems trying to get another national holiday, we also having the Dems rounding up CEOs of major companies to argue why they are taking charge offs- I suppose Waxman will over ride the SEC and berate the CEOs for hurting their stock price by taking said write offs. The American worker is great- it just needs the powers to be to get their heads out of their……….. steak and merlot (or bustiers if your Michael Steele)
March 31st, 2010
2:04 pm
While your situation is painful, layoffs and cutbacks are not unique to the current economy or to your company. The fact that your company experienced "a record increase" in profit margins indicates that it is doing something right, even as many others fail.
The uncertainty caused by the current administration ("we know best and someday we'll tell you what that is and how much in new taxes it is going to cost you") is at least partially to blame for the unwillingness of business to take on new workers.
I wish you well.
March 31st, 2010
2:05 pm
To believe the basis of this article is to believe that the industrial revolution, the harnessing of electricity and the amazing advances in semi-conductor technology–all of which increased productivity enormously and resulted in more jobs with higher pay–should have caused , in CT's words, "sky-high unemployment."
What the industrial revolution did was to allow the each worker to produce MORE in a static amount of time…that is true productivity. Since goods could be produced faster that made them cheaper so demand increased which lead to needing more workers…etc.
If you have 5 workers putting in 40 hours a week to produce 100 widgets, then fire one worker, and expect the remaining 4 to work 50 hours each week to produce the same 100 widgets then you haven't honestly increased productivity. In press releases and studies you could claim that productivity has increased because now you have 4 workers producing 100 widgets instead of 5, but it still takes 200 hours to make 100 widgets.
If the number of hours worked to produce a quantity of good/services was divided by 40 (which is considered 1 full time person) to determine the true number of man hours worked that would tell us how many employees it should take to produce X quantity of goods/services. Then if we compare that number to the actual number of workers I'm betting the farm that the number of employed people is lower than the number it should take to do the work….thus leading to slower recovery and the ability to claim increases in productivity.
Ever notice that productivity figures are always a measure of "Per worker"? Ever notice some of those studies that document that the number of hours Americans work is increasing? Do you not see a possible correlation between the two?
March 31st, 2010
2:09 pm
Well, I for one have read this before and know Ms. T is correct.
Not to mention I'm working like a one legged man at a butt kicking
contest, lotsa hours…..but we are getting close to hiring….
While I'd like to slow down or work fewer hours, I really like my job, my employer and my co-workers. As a group we have managed to keep 40
fine folks working and insured since the start of this mess. We are proud of what we have accomplished. We are all truly invested in this little company….
AND…my side business is coming into it's busy season.
March 31st, 2010
2:12 pm
In November when we vote the Obama Zombies out of office, we can then start chilling all of this interefernce and overeach by Mommy Government that the left loves so much. Business can then settle down and do what it does best …… create jobs and produce. Then Barry can do what he does best … give speeches (assuming of course that his teleprompter is working properly).
March 31st, 2010
2:23 pm
ctucker is right. During times like these, employers are pushing and pushing to get more and more out of the employees to save money. And, the employees are willing to allow themselves to work more and more hours and to work harder and harder just to keep their job.
Gee, I wonder if that is how labor unions started to begin with?
March 31st, 2010
2:25 pm
That's what my grandad and dad have said……
March 31st, 2010
2:26 pm
Or the reality is many of those workers who lost their jobs, weren't doing a whole lot. Many economists and business analysts opine that on average most companies could cut 5-10% of their workforce without missing a beat. Have you ever worked in a place that didn't have a couple of slackers around?
March 31st, 2010
2:26 pm
I can't agree that 4o hour weeks are for lazy people.
I think forty hour weeks are great for families.
(I haven't had one in years tho….)
March 31st, 2010
2:27 pm
Sorry but I think that you just tied yourself in a knot. While I agree with your statement concerning the industrial revolution, I am not sure that you want to "bet the farm" on subsequent paragraphs that make the claim that "the number of employed people is lower than the number it should take to do the work."
If the work is getting done with "the number of employed people" then theories or wild guesses as to "the number it should take to do the work" are meaningless.
March 31st, 2010
2:30 pm
Jack @12:51..I was thinking the same thing. Why wait for someone else to create a job for you to apply for. Be inovative and create a need for your expertise and YOU will create the job. Geez!
March 31st, 2010
2:31 pm
Ragnar @ 1:24 My friend, you're wrong as usual. This has been going on for the past several years (even going back into the pro-business Bush administration). Businesses try to maximize their profits by "wringing" every last productive hour out of their employees. Which, by the way, is why I stopped and am now a consultant. I got tired of corporations trying to work me for 60 hours and pay me 40. Now, I get paid by the hour and am willing to stay for as long as they're willing to pay me.
Unfortunately, we both know that most people don't have that kind of leverage. Most middle class & lower income people are at the mercy of whatever business wants to do with them.
March 31st, 2010
2:34 pm
Gee, I wonder if that is how labor unions started to begin with? – Reality Actually, it is. It used to be that corporations would work people for 14 hours/day in substandard/hazerdous working conditions. What did the company care as long as you did your job? This is exactly why people got together and collectively they had the power to "force" better pay, better working conditions, et al.
March 31st, 2010
2:38 pm
Dear Leftwing @ 2:31, thanks for your note, but I don't know what in my 1:24 note you are addressing. I regret that I am unable to respond.
March 31st, 2010
2:39 pm
Is economic illiteracy a requirement for all liberals or just Tucker's unique affliction?
March 31st, 2010
2:40 pm
Dan @ 2:26 I guarrantee you that if someone is employed at a given company, it's because the company thinks it's making money (getting value received) from that person. Said the other way, if a company feels that a person isn't being productive enough (working hard enough to justify their salary) the company will get rid of that person as soon as it can. Why would the company keep them? Loyalty? Don't make me laugh. Companies are as loyal to their employees as Tiger Woods was to his wife.
March 31st, 2010
2:41 pm
Ragnar I was referring to your comment As government piles on additional costs and unfunded mandates, companies will have to find ways to reduce expenses. In a service economy that has only one meaning.
March 31st, 2010
2:43 pm
Mickey I got my undergraduate in Economics from the University of Missouri years before I became a liberal. I actually voted for Nixon and Reagan twice (the second time was a mistake). But it's nice to have.
March 31st, 2010
2:48 pm
Dear leftwing @ 2:41, we agree that businesses optimize use of all resources, but in a steady state there is no pressure to make serious changes. When government reduces financial and regulatory burdens, companies are free to use their resources to attempt to expand markets. When government increases financial and regulatory burdens, companies are constrained to forego potential gains and instead focus their efforts on reducing outlays. From 2001 – 2007, we were in the former mode; since 2007 we are in the latter.


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1) Underground producer and rapper
TES, real name Terrence Tessora, hails from Brooklyn, New York. He released his debut album X2 (Times Two) in April 2003 via Lex Records. 2) Singer/songwriter from Haarlem, Netherlands.
Read more about Tes on Last.fm.
User-contributed text is available under the Creative Commons By-SA License and may also be available under the GNU FDL.
TES Albums
Vinyl 12" $
9.99 $3.99
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Credits & Info
- Uploaded
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- Weekly Users' Choice March 11, 2009
- Review Crew Pick March 11, 2009
- Daily Feature March 5, 2009
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If you liked this, check these out!
Plenty more like this here!
Author Comments
Thanks to everyone for the positive feedback I've gotten so far, you've made an old fanboy very happy.
This combines two huge passions of mine, one being the comic genius (?) that is Alan Moore and the other being kids programming from the late 80s which I would say is my biggest animation inspiration.
Believe it or not, one of the first ever things I ever animated/programmed was a crappy side scrolling Rorschach game where you go around beating up street punks, it was not only a fucking awful game but totally and unironically misinterpreted the source material, I would like to think I've grown somewhat since then but here I am, 5 years later, doing exactly the same thing! Perhaps just a bit more knowingly...
Love you all
Happy Harry
P.S. Thanks to Josh and Hans for their cameos at the beginning
Rated 5 / 5 stars July 24, 2014
hehehehehehahahaha*deep breath*HAHAHAHAHAHAHAHAAHHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA classic
Rated 5 / 5 stars May 4, 2014
Then you watch the movie and your dreams and hopes going to the toilet...
Rated 5 / 5 stars January 4, 2014
This needs to get greenlit by some animation studio and produced. The children of the world need this.
Rated 5 / 5 stars October 11, 2013
After that glorious intro, I wanted to watch a whole episode! That was amazing in the worst possible way, so good job.
Rated 5 / 5 stars September 27, 2013
Amazing! Every single aspect is so gloriously, deliberately, missing the point of the source. Its a thing of beauty! I love all the nods to the classic 80s toons as well. Particularly the Holograms/Misfits backing band :D


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Export, Innovate, Invest - The Canadian Trade Commissioner Service
A Joint Declaration Between ASEAN and Canada on Trade and Investment
Adopted on October 2, 2011
Jakarta, Indonesia
The Association of Southeast Asian Nations (hereinafter referred to as ASEAN) and Canada (hereinafter referred to collectively as "the Participants");
Inspired by more than three decades of dialogue relations and friendship between the Participants;
Desiring to deepen and broaden dialogue relations not only to contribute to the growth and prosperity of the Participants' economies but also to respond to internal and external challenges and global developments;
Determined to explore opportunities to strengthen bilateral and multilateral cooperation in areas of mutual interest to promote greater flow of trade and investment;
Recognizing the important role and contribution of the business sector in intra-regional trade and investment and the need to ensure that greater business opportunities are made available through mutually beneficial economic cooperation initiatives;
Considering the respective rights and obligations of ASEAN Member States and Canada under the Marrakesh Agreement, which establishes the World Trade Organization (hereinafter referred to as the "WTO") done on 15 April 1994, and other multilateral, regional and bilateral agreements and arrangements to which ASEAN Member States and Canada are parties;
Desiring to contribute to the attainment of the objectives of the Joint Declaration on the ASEAN-Canada Enhanced Partnership adopted in Phuket, Thailand on 22 July 2009;
Recalling the observance of the declarations of the World Trade Organization Ministerial Conferences on internationally recognized core labour standards, referred to in these declarations and recognizing the importance of providing adequate and effective protection and enforcement of worker rights in accordance with each Participant's labour laws;
Acknowledging the objectives of ASEAN to realize the ASEAN Community as embodied in the Declaration of ASEAN Concord II (Bali Concord II), signed in October 2003 in Bali, Indonesia; as well as the Initiative for ASEAN Integration (IAI), launched in November 2000 in Singapore; the Vientiane Action Program (VAP) signed in November 2004 in Vientiane; the Cha-am Hua Hin Declaration on the Roadmap for the ASEAN Community 2009‑15; and the Master Plan on ASEAN Connectivity done in 28 October 2010 in Ha Noi, Vietnam, all of which are aimed at further integrating ASEAN Member States and narrowing the development gaps among them;
Desiring to promote transparency and good governance, including by combating and preventing unlawful activities in international trade and investment;
Reaffirming the importance of the promotion of intellectual property rights, and recognizing that effective protection of such rights encourages technological innovation and investment;
Stressing the need to cooperate in regional and multilateral fora on trade and investment-related issues of mutual interest;
Desiring to ensure that trade and environmental policies are mutually supportive in the furtherance of sustainable development;
Hereby Declare the Following:
1. Objectives
The Participants seek to:
- enhance economic relations between ASEAN and Canada, particularly in the areas of trade in goods and services, industrial cooperation and investment;
- promote and facilitate increased involvement of the business sector, in particular small- and medium-scale enterprises, in economic activities between ASEAN and Canada;
- promote greater coordination in the WTO and the Asia-Pacific Economic Cooperation forum ( "APEC"); and
- develop a mechanism for regular exchanges of information on trade and investment opportunities and other promotional activities related to trade and investment.
2. Principles
The Participants will:
- support ASEAN economic integration objectives, in particular the realization of the ASEAN Economic Community by 2015;
- contribute to the enhanced economic relationship between ASEAN and Canada;
- facilitate and promote trade and investment;
- conform with theprinciples of the WTO;[1]
- comply with the domestic laws, regulations and national policies of Canada and ASEAN Member States;
- recognize the differences in the level of development and the size of the economies of Canada and ASEAN Member States, the importance of narrowing the development gaps among ASEAN Member States and creating opportunities for economic development, particularly of the least developed ASEAN Member States; and
- encourage their respective private sectors to pursue best practices in corporate social responsibility.
3. Expansion of Trade and Investment
- The Participants will explore ways to create favorable conditions for expanding and promoting trade in goods and services, and investment between them;
- The Participants will endeavor to foster regular exchanges of information on opportunities for trade and investment and for other promotional initiatives, including, where possible, exchange of business contacts.
4. Senior Economic Officials' Meeting
- The Participants will hold periodic Senior Economic Officials' Meetings (SEOM) to deal with issues related to trade and investment.
- The Participants will hold the ASEAN–Canada SEOM on mutually agreed-upon dates. The venue of the SEOM will alternate between ASEAN and Canada, or may be held in any other mutually determined location.
- The Participants may, in accordance with their internal mechanisms, consult their respective private sectors on matters related to the work of the ASEAN–Canada SEOM. The Participants may invite representatives from the private sector to the ASEAN–Canada SEOM for consultations on areas of interest to ASEAN and Canada. The Participants will, however, notify each other of the participation of private sector representatives prior to the ASEAN–Canada SEOM.
- The Participants may establish ad hoc working groups or task forces that may meet concurrently with, or separately from, the ASEAN–Canada SEOM to facilitate its work.
Done in Jakarta on this 2nd day of October in 2011.
[1] Subject to the accession of Lao PDR to the WTO.
- Date Modified:


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At the Monday meeting of the Dillon Economic Development Advisory Committee, discussion centered on how best to encourage economic development in Dillon. A sub-committee was formed to brainstorm various short-term opportunities for improving economic development - projects with a turnaround time of a year or less. The committee also discussed how to minimize barriers around zoning, planning and building for potential new business owners looking to set up in Dillon. The next DEDAC meeting is scheduled for Feb. 11. The agenda can be found online at www.townofdillon.com.
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An Error-Correction Analysis Of India-Us Trade Flows
AbstractThe study finds that India¡¯s exports to the US have been significantly affected by GDP per capita of the US, WPI of the India and the US, and exchange rate; and India¡¯s import from the US is significantly affected the India¡¯s GDP and WPI in the long-run. Static analysis of causality asserts that WPI of the US Granger causes the India¡¯s exports to the US and the GDP of the US. Further, WPI of the India Granger causes the GDP of the US and the exchange rate Granger causes WPI of the US. Moreover, GDP of the India Granger causes her imports from the US; and WPI of the India and exchange rate Granger cause WPI of the US.
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Bibliographic InfoArticle provided by Chung-Ang Unviersity, Department of Economics in its journal Journal Of Economic Development.
Volume (Year): 37 (2012)
Issue (Month): 1 (March)
Pages: 29-51
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Related researchKeywords: Bilateral Trade; Granger-Causality; IRFs;
Find related papers by JEL classification:
- C31 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models; Quantile Regressions; Social Interaction Models
- F15 - International Economics - - Trade - - - Economic Integration
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- Gonzalo, Jesus, 1994. "Five alternative methods of estimating long-run equilibrium relationships," Journal of Econometrics, Elsevier, vol. 60(1-2), pages 203-233.
- Thomas M Fullerton Jr & Richard L Sprinkle, 2005. "An Error Correction Analysis of U.S.-Mexico Trade Flows," International Trade 0506003, EconWPA.
- Halicioglu, Ferda, 2007.
"The Bilateral J-curve: Turkey versus her 13 Trading Partners,"
MPRA Paper
3564, University Library of Munich, Germany.
- Halicioglu, Ferda, 2008. "The bilateral J-curve: Turkey versus her 13 trading partners," Journal of Asian Economics, Elsevier, vol. 19(3), pages 236-243, June.
- Marial awou Yol & Ahmad zubaidi Baharumshah, 2007. "Estimating Exchange Rate And Bilateral Trade Balance Relationships: The Experience Of Sub-Saharan African Countries," South African Journal of Economics, Economic Society of South Africa, vol. 75(1), pages 35-51, 03.
- Masih, Abul M. M. & Masih, Rumi, 1996. "Energy consumption, real income and temporal causality: results from a multi-country study based on cointegration and error-correction modelling techniques," Energy Economics, Elsevier, vol. 18(3), pages 165-183, July.
- Tsangyao Chang & Yuan-Hong Ho & Chiung-Ju Huang, 2005. "A Reexamination Of South Korea¡¯S Aggregate Import Demand Function: The Bounds Test Analysis," Journal of Economic Development, Chung-Ang Unviersity, Department of Economics, vol. 30(1), pages 119-128, June.
- Mohsen Bahmani-Oskooee & Orhan Kara, 2003. "Relative Responsiveness of Trade Flows to a Change in Prices and Exchange Rate," International Review of Applied Economics, Taylor & Francis Journals, vol. 17(3), pages 293-308.
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Executive MBA 10-Year Anniversary
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SUN PRAIRIE (WKOW) -- Sun Prairie police believe a fire on the 1200 block of Schumann Street to be suspicious.
Firefighters were called to the scene around 2 p.m. on Saturday for a structure fire. Crews were able to put it out in about 15 minutes. Damage was estimated to be more than $40,000.
Officials say, based on observations at the scene, Fire Department staff believed the cause to be suspicious and alerted police.
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The National Park Service has found another hole in the Indiana Dunes National Lakeshore, close to where 6-year-old Nathan Woessner fell in and was buried under 11 feet of sand for several hours last month.
The NPS and U.S. EPA began searching the area around Mt. Baldy for other gaps and holes in the sand on Monday. During the course of the search, officials found the hole, approximately 10 inches in diameter, in the dune's surface, according to a statement from the NPS.
The hole appeared to be at least five feet deep with sand at the bottom that was "very loose." It resembled the one described by the Woessner family and it appears to have formed as a natural phenomenon, the NPS said.
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Hakkinen takes 9th in World Cup pursuit
Kasilof biathlete Jay Hakkinen finished ninth in a 12.5-kilometer World Cup pursuit on Saturday in Hochfilzen, Austria.
"This is a great day for me and I'm really happy to be back in the top 10," Hakkinen said in a released statement. "It feels like it's been awhile."
The last time Hakkinen got into the top 10 in a World Cup race was during the 2007-08 season, when he finished ninth in a 20-kilometer individual at Kontiolahti, Finland.
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The Tyrannicides - Harmodius and Aristogeiton
They killed the tyrant Hipparchus in the late 6th century BC. This is a Roman version of an Archaic Greek statue. It is updated with classical Greek cues that the Romans had learned. Much of the Greek art extant has been transmitted by the Romans.


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Q:Is this TRUE?
For those not a fan of LONG reads here's the short version: it's not true, nor is the discussion even relevant. If you like learning about what astrology is REALLY all about, then read on because this here is the best article I've personally written on the topic in general.
Astrology making news headlines? How novel!
First of all, thank you for the question! I am delighted that people are interested in verifying the 'merits' of this 'news' story that is being circulated. It's sort of surprising to me that it's getting so much play; there are multiple articles showing up about this all at once in a wide variety of news sources.
This last eclipse was POWERFUL. There are a great many changes in the works for the next couple of years and everybody knows it in their bones. An increased awareness of astrology is a welcome one, even if this particular article seems to be more of a distraction from the more relevant points astrology has to offer during this time of great change. There are a good number more eclipses this year so plan on hearing about a LOT of activity, particularly on the topic of astrology because this will be a very crucial 'bookmark' in our history as a people and astrologers have been watching and waiting for this for a very long time.
If you follow the tone of the article(s) being circulated in the mainstream press, you can easily detect this as being an attempt to invalidate astrology as a whole, attempting to reduce it's relevance by introducing what is known as a 'straw man argument'. It's very clear what the agenda is here: to dissuade people from exploring astrology in depth, which makes me wonder if the 'powers that be' aren't a little nervous at the prospect of the more widespread problem of people investigating what astrology is really all about.
The Church is also notorious for pushing this agenda by outright condemning astrology as witchcraft, but there is a piece of information that might be worthwhile for you to know about this hardcore position that the Church takes: the best astrologers in the world and the greatest astrological library on this planet resides at the Vatican. If these books were so dangerous, you'd think they would just be destroyed outright, but they are not. They are used regularly by the Church.
In fact, the entire story of God's Sun (oops: God's SON) is the story of the Solar Deity and his journey through the 12 mansions of heaven; plain and simple. The "Greatest Story Ever Told" is really nothing more than an epic astrological parable. More on that below…
So let's begin with this: Ophiuchus is not a new thing, at least not among the well-read astrological community and they reference this a bit in the article.
In fact, there have been heated debates on several supposed alternate zodiacs, one of the most notable being a temple in Egypt which had strangely abundant number of signs. No one uses these systems and I'm certain there are a great many reasons why, but I suspect that the most important of them is that they didn't function properly.
All of the great astrologers know about Ophiuchus existence as a constellation, yet none of them included it in the wheel of the year. There is astrological and mythological meaning to ALL of the constellations which create our night sky, even the ones not of the zodiacal band, but they are really only supporting characters of the main narrative of astrology: the path of the Sun. This makes a lot of sense because without this key body, there would be no life on Earth as we know it. Certainly, there would be no humans.
There are many forms of astrology, each has a very important relevance to the culture in which it evolved out of. The Western astrology is based ENTIRELY upon the path of the Sun and is ALWAYS based on the Solstices and Equinoxes. There is a very clear reason for this which I have covered here and there in previous entries: astrology is about tracking patterns of life here on EARTH. No one cares about what astrology has to say about life on Mars because NO ONE LIVES THERE!
Astrology is for us, the people of Earth.
It is the path of the Sun - and the Sun alone - which creates the four seasons which in turn dictate the cycles of growth, bounty, abundance and rebirth. These cycles are the foundation of our sustenance and existence on this planet. The Sun is our "Lord" without whom we would surely perish. He "dies" (or at least is mortally wounded) at the Summer Solstice (in the Northern Hemisphere) because he has reached the height of his path in our daytime sky during the warm seasons. He "falls" to Earth from the Summer Solstice to the Autumnal Equinox where his reign truly comes to and end and is considered "dead", thus unable to defeat the dark knight (oops: Night). Darkness now reigns more of our 24 hour period than the the Sun does.
He continues his path through the land of the dead where he finally lies still in his "tomb" for about 3 days. There is no noticeable upward or downward movement of the Sun during this period. This is known the Winter Solstice, the height of darknesses reign over our land and is, quite frankly, the REAL reason for "the season".
But then something happens… He rises again from the grave with renewed vigor! He has defeated Death itself.
He starts his path upward back towards Heaven until the Vernal equinox where light once again triumphs over darkness and the light hours outnumber the dark ones. In the Christian version of the story, the resurrection happens at Easter strangely, er.. conveniently, placed at this same point that exists as Ostara on all of the "pagan" calendars. This begins his reign anew until he reaches the zenith of the Summer Solstice and the story repeats itself all over again.
It is the story of our days, seasons and very livelihood. It is the story of the almighty powers with gift us with life, warmth and the ability to thrive. You would be shocked to discover how many books, movies, stories all re-tell the very same narrative.
This is the primary story that astrology preserves and works around. It is wonderfully more complex than just this portion, particularly when you start to overlap the other 'players' [read: planets] and their vital role in the repeating cycles of time. Each brings to us a different story arc, all of them ebb and flow in a definitive pattern. Each of these patterns are present in our daily lives one upon another unfolding the mystery of life one moment at a time.
Like I stated earlier, the Western astrology uses this system and it totally works because it stays true to the story arc by always making Aries 0° at the vernal equinox regardless of the actual constellation that happens to be there.
"Say what?!"
That's right, there is a slight wobble in the Earth's axis that changes what constellation appears on the eastern horizon at the vernal equinox, ever so slightly just a minuscule fraction of a degree each year. The sign(s) there now are between Pisces and Aquarius. This very slow gradual shift in constellations is know as precession because the signs change in the order of the proceeding sign (backwards). It's sort of like looking at wheel wagon spokes as they spin. Ever notice that illusion that makes the spokes look like they're going backwards? That's basically the same PATTERN repeated.
Even the ancients before 4000 BC knew FULL WELL that precession existed and still they used only TWELVE signs. Despite the odd rarity where other systems were explored, the 12-base system was the most favored. The number 12 is more Numerological sound as a number for the Sun and there are many esoteric reasons for this which I will cover in depth as I plan to start blogging a sort of 'Symbolism 101' series of posts that relate directly to the study of astrology. The number 13 is the number of the Moon, most notably because of the rare 13th "blue" moon which was considered a particularly important lunation to those who worship the Goddess and the number of waxing days before it is full. As you can see, adding a 13th sign to the Sun's path really doesn't make a whole lot of sense.
Anyway, each time the constellation on the Eastern horizon changed - about every 2,000 years - we entered what is referred to as a NEW AGE. Sound familiar? Astrologer's have been excited about it since the 60's.
The Age of the Bull [Taurus] (4000 BC - 2000 BC) was the time of ancient Egypt and all things were centered around matriarchy, as the Bull is feminine. Venus and Moon Goddess themes and icons are very prevalent during this period. You can see many Egyptian glyphs with a Bull head backed by a Sun in the artwork of the period because the Bull was rising on the eastern horizon at the time of the vernal equinox.
The Age of the Ram [Aries] (2000 BC - 0 AD) because the Ram was rising on the eastern horizon at the time of the vernal equinox. This was the time of the Greeks and the Israelites and their mythology which had a great many Ram motif, as the rise of patriarchy as Aries is masculine. Moses was the Israelites' divine emissary in the Age of the Ram, which was why he was so pissed off when he came down from the mountain with the Commandments and saw his people worshipping a golden calf [Taurus]. "That age is OVER who stupid idiots!" (paraphrased). This is also why the Jews blow the Ram's horn, as they are still Moses-centric.
From 0 A.D. forward to about RIGHT NOW, we have been in the Age of Pisces, the fish. The emissary or prophet from the Divine during this period is known by Christians everywhere as the Son of God, Jesus Christ of Nazareth. Even Jesus knew what He was and he speaks to this in the sacred text in several locations. There is a passage in the New Testament where Jesus is asked what will happen at the end of the Age, what should they do? He tells them:
"So he sent two of his disciples, telling them, "Go into the city, and a man carrying a jar of water will meet you. Follow him." Mark 13-14
Men did not carry water in Jesus' time; this was woman's work. So, this is a peculiar passage given the context of the time. But Jesus is not referring to an actual man. He was speaking in astrological parablesregarding the end of the [Piscean] Age. (BTW - The King James version of the Bible mistranslated this as "the End of DAYS", thus the confusion about the "end of the world".) Jesus was literally telling his disciples that a new prophet would arrive at dawning of the Age of Aquarius.
This is happening Right. About. NOW.
And this is the REAL news story that is unfolding as we watch the Earth tremble and all of the other global changes going on. Ophiuchus is but a mere distraction of the much larger changes afoot. It's a confusion device to NOT talk about what was really meant by the prophet's words and role the practice of real astrology can tell us in these times of change. There are people who wish to claim this title as the returned divine emissary in this new Age and it's important to throw all of the 'unwashed herd' off the true path of enlightenment.
Ophiuchus is an interesting topic to explore because in the mythological story arc of the Moon Goddess and her Sun Hero's journey through the heavens, Ophiuchus does fit nicely into the narrative. They have to negotiate with the lord of the earth/underworld to learn the secret of rebirth after death. It is very possible that there is a conspiracy by those of the esoteric arts to keep the most sacred of esoteric benefits (most notable the power to defeat death) hidden by those who would exploit it and subjugate the world.
In this way, the Church may very well be trying to act on our behalf by acting as some sort of "protector of the keys", but what the Age of Aquarius is really about is equality for ALL humanity, not just the small few who hold much power over 'the many'.
The power structures are set to fall and have been in a state of entropy for some time, like the recent economic banking crisis and global climate changes for example. The Interwebz is the ultimate Aquarian media. Everyone has a voice. EVERYONE IS EQUAL.
We are beginning to emerge into a whole new way of being and it's promise is very exciting.
For those interesting in reading more objective articles on Ophiuchus, I'd start here:
WESTERN (Tropical) VERSUS SIDEREAL (Vedic) ASTROLOGY
The crux of the article writer's misunderstanding is really mired in the confusion regarding tropical (Western) astrology and Sidereal (Eastern) astrology.
The Arabic nations were beyond the reach of the Crusades and Dark Ages. As such, their ability to continue tracking the astral bodies continued to become more and more advanced. There was a break from the Solstice/Equinox based tropical system in the East because it didn't really jive with their culture to recalculate their calendars to neatly fit the Sun's path. They do like their math to be logical and they were experts in this regard.
As such, the system that they use makes permanent the exact location in the heavens where Aries 0° falls according to the actual constellations. Specifically, in Aries. As such, in the Vedic approach to astrology the vernal equinox has not been at this degree for a very long time. If you are of the opinion that the energies truly come from the stars then this makes a lot of logical sense, but what it also does is take the zodiac symbology which is rooted in the story arc of the Sun and f*ck it up pretty good (IMHO).
For example, Leo is the sign of intense heat which is in the time of the August harvest and the "Dog Days of Summer" which is a Egyptian reference to the rising of the star Sirius on the Eastern horizon, signaling the flood of the Nile. Obviously, to the Egyptians this was a terribly important thing to track.
If you are to follow the sign today as the Vedics do, staying true to the actual stars themselves, then Leo is mostly in September now. Those born as [Western/Tropical] Leos are almost ALL Cancer folk according to Eastern astrology because the Vedic have no concern about making 0° Aries match the vernal equinox. By their measure, Leo is now in a cooler month than it was first known to be. The original symbolism of the zodiac sign is now askew according to that system.
Which brings me to the very point I would like to state quite clearly: the stars themselves are NOT important. The whole point of the characteristics of the signs were to establish an easily remembered tracking system of the patterns of most important body in our solar system: the EARTH.
The whole point of ascribing the stories, symbols, ideas, concepts and most importantly their PATTERNS, are what define us and our existence here on Earth. The time of year in relation to the Solstices and Equinoxes that was described as Leo by the ancients is SUPPOSED TO INDICATE THE HOT SEASON. Period. It does not, nor should it, "move" from the hot period, precession or no. The whole point of the story is to describe what the hot period is like, who born during the hot period grow up to be like and how these people in their unique manner of being influence everyone else around them. This is the importance of the symbolism of the signs.
This is why Western/Tropical astrology makes the most sense (at least to me). Not the most mathematically logical sense, but definitely the most practical/applicable sense.
Don't get me wrong, I really dig Vedic astrology as well, but it order to truly understand where the Vedic system is coming from would require you to also understand the philosophical and cultural layers of meaning they have developed and wrapped around it. The caste system and the spiritual pathways of India and the eastern religions are very different in mindset than those of the West and this is one of the two true distinction between the two systems. The Eastern spirituality and the use of the Sidereal tracking system.
It's funny really because if you get a Vedic reading it is amazingly accurate as well. Place the two side by side and you will get almost identical results. I liken this phenomenon to currency rates. For example, I went to Poland one time and the exchange rate was like $1 US = 7,700 Zloty. I exchanged about $20 US and was walking around with paper money that had 6 digits on them. I felt like a king… that is until I bought a Coke. Know what it cost me? About the same amount as anywhere else in Europe once you figured out the math.
in the end, the two systems use different techniques for different reasons. If you are of the Western persuasion, Sidereal astrology has little point of useful function. At least as far as I've found thus far.
Both systems do work really well and there's no doubt that the Mayans and the Chinese systems are also very accurate and relevant. I use the Western/Tropical system because my esoteric studies are all founded with this system in mind. Changing the system would only complicate an already complex study.
For the layperson with an interest in astrology, I'd say check out the Vedic system and see what you think. I've found the Vedic system far more fatalistic and has some very peculiar "remedies" for astrological "afflictions" but they are written for people living over 1,000 years ago. I don't have a calf to bring to the city well dressed in red to solve my Jupiter problems. Yes, that is what they read like sometimes. Very strange, but interesting nonetheless.
So, in the end, if you already have a Scorpio tattoo and believe the Vedic system is more accurate, then I may have bad news for you. But if you're groovy with the Western system, rest easy because there are and will always be only TWELVE signs.
Well, this has been another really LONG post, but it's a good start point for those interested in astrology and I am thankful for the opportunity to give an overview of the myth and the relevance of what is ongoing with us today.
As always, please feel free to ask questions, I am very much enjoying sharing what I have learned with those who wish to know more!
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miretni submitted:
I got bored, it looks awful, sorry, you get the idea, someone probably got there first
Doctor Who (Classic and New) and Paul McGann appreciation mostly, and whatever else I feel like talking about.
miretni submitted:
I got bored, it looks awful, sorry, you get the idea, someone probably got there first
Yeah fuck that person who thinks this isn't intimidating for patients.
I do clinic escorting at a local clinic every weekend. We have a fence and the antis aren't allowed on our property, luckily, but let me just tell you about my experience just today.
- I had a woman ask me for my name multiple times. She knew I worked for the clinic because I wear an apron that says "clinic escort" on it. She kept telling me I didn't "have" to work for an abortion clinic. This is part of a concerted effort on the part of anti-choicers to harass clinic workers into quitting their jobs. It's actually called "And then there were none" and it's pretty fucking disgusting.
- When I walked up to a patient as she was getting out of her car (this is policy, we have to ask if the person has an appointment because the antis try to park on our property all the time), she got really scared at first because she thought I was one of the antis. She told me how relieved she was once she read my apron. This woman had an existing child that she mentioned to me as the antis were screaming over the fence about her "killing her baby".
- Another woman told me how she was worried I might be "with them" when I walked up, just because the knowledge of how anti-choicers harass people going into the clinic is so commonplace. She was also relieved to have me there. One of the anti-choicers yelled at her about killing her baby from over the fence. She burst into tears.
- These people also yell at and harass the men that come into the clinics with either their partners or their family members. One woman kept yelling out to the men coming in to "protect [his] legacy".
This was all in one day. One day. I've had other experiences on other days when I've escorted that are just as bad or worse.
It's not like these people stand there silently. They are actively yelling at folks and when they can, pursuing them. If an anti-choicer at my place of work can't get to someone through the part of the fence that overlooks the parking lot, they will push their pamphlets through the parts of the fence that face the doors of the clinic. They are aggressive and totally insensitive to the feelings of any of the patients coming into the clinic.
I haven't worked at this clinic long, but I have seen the emotional effects that these people have on patients coming into the clinic. So like yeah, in one picture it doesn't appear that they're harassing anyone, yelling, or threatening people. But that doesn't mean it doesn't happen. And either way, who wants people staring at them when they're going in for a medical procedure? Or when you come out of one, and you're still so groggy from anesthesia that you need one of the clinic nurses (or even myself or someone else in my kind of position!) to hold you up and put you in the car?
Anyone who thinks the people standing outside of clinics are not doing it with the intent to harass and bully is wrong, and patients deserve to be protected from this kind of bullshit. My clinic has a big fence and the patients that we serve still feel harassed and bullied. I can't imagine what it must be like for people going into a clinic without that, like what is pictured.
Thank you for the work you do. Clinic escorts are so brave, and so needed.
The clinic escort who took me in for my annual exam looked like a Hell's Angel and was easily 6'5.
The anti who harassed me looked like Aunt May.
(via wilwheaton)
Do you ever just like flex your foot wrong and it cramps and you're just like this is it, this is how it ends
(Source: pheberoni, via glitter-from-gallifrey)
(Source: 4gifs, via everydaytimelord)
In the 1980s, an animated Doctor Who series was planned by Nelvana. Concept art was drawn by Ted Bastien but the series was never produced.
(Source: jellybabiesandfishcustard, via everydaytimelord)
Mads Mikkelson & Alexander Skarsgard in "EXIT". No idea if it's available with English subtitles, but seeing these two together is <3.
Hey, geekmehard. Check it.
Did I mention I got a Chrome Cast and named it TARDIS and put it on my network named GALLIFREY and I laugh everytime this happens
(via philsupernannycoulson)
"Anne Bonny and Mary Read were pirates, as renowned for their ruthlessness as for their gender, and during their short careers challenged the sailors' adage that a woman's presence on shipboard invites bad luck."
Sculpture by Erik Christianson.
I'm not entirely sure that the statue really needed to have a tit out.
How dare women try to have nipples.
Actually I've seen this before and I can tell you— it's because these women were bad ass pirates and when they killed someone they'd expose one or both breasts so that when their victim died, (s)he knew that they were killed by a woman.
These two were so badass. There's not a lot known about them because of their brief tour, but they were known for their skill as pirates and fighters.
Bonny was in a relationship with Pirate Captain 'Calico' Jack Rackham, and only discovered Read's identity when she took a shine to Read, thinking her to be a handsome man. Later, Read straight up killed a fellow pirate who was trying to duel her male lover to compete for her affections.
Then, when Rackham's ship was attacked by a ship of the Jamaican Government, Rackham and the rest of the men were too scared/drunk to fight, leaving only Anne, Mary and a male crew-member to defend it. After their capture, when Jack was awaiting execution, Anne visited him and said "Had you fought like a man, you need not have been hang'd like a dog," in what are probably some of the coldest parting words of all time
(via callingdoctorbones)
Have some Valentines.
(via degenezijde)


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Everpures Helia Three Way Bar Faucet has been exclusively engineered to deliver ice cold, near boiling and ambient water from the Everpure Helia Combination Instant Hot/Chilled Water Appliance. By rotating the top faucet handle to your desired water type, the Three Way Bar Faucet delivers all types of water from a single spout.
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Love this recipe even more every time I make it!
Margarita-Marinated Chicken With Mango Salsa
Jazz up a boring weeknight with this margarita-marinated chicken dish complete with mango salsa. Make sure the chicken marinates 2-6 hours before grilling.
Yield: Makes 6 servings
More From Southern Living
Recipe Time
Prep Time:
Chill: 2 Hours
Grill: 12 Minutes
- 2 large limes
- 2 cups liquid margarita mix
- 1 cup vegetable oil
- 1 cup chopped fresh cilantro
- 2 teaspoons salt
- 1/2 teaspoon ground red pepper
- 3 tablespoons tequila (optional)
- 6 boneless, skinless chicken breasts
- 2 cups uncooked long grain white rice
- For Grilling No-Stick Spray
- Mango Salsa
- Garnish: fresh cilantro sprig
- 1. Cut limes in half. Squeeze juice into a shallow dish or large zip-top plastic freezer bag; add squeezed lime halves to juice. Add margarita mix, next 4 ingredients, and, if desired, tequila. Whisk (or seal bag and shake) to blend. Add chicken; cover or seal, and chill at least 2 hours or up to 6 hours. Remove chicken from marinade, discarding marinade. Set chicken aside.
- 2. Prepare rice according to package directions; keep warm.
- 3. Coat cold grill cooking grate with grilling spray; place on grill over medium heat (300°to 350°). Place chicken on grate.
- 4. Grill chicken, covered with grill lid, 6 minutes on each side or until done. Serve over hot cooked rice. Serve with Mango Salsa, and garnish, if desired.
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Margarita-Marinated Chicken With Mango Salsa Recipe at a Glance
- COURSE: Main Dishes
- CONVENIENCE: Entertaining
- MAIN INGREDIENT: Poultry
- COOKING METHOD: Grill
- PUBLICATION: Southern Living
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The Office of Management and Budget has retired 200 top-level domains since last June as part of dot-gov reform efforts, writes Joseph Marks on NextGov.com. But that's the easy part.
"The more difficult parts of the dot-gov reform effort will be, first, folding important but underutilized sites into larger domains so they form a comprehensive whole, and second, updating the governments' content management systems, search functions and social media interfaces so citizens are not only more likely to find government sites but also to be engaged by them," Marks writes.
OMB was ordered to both freeze new dot-gov websites and reduce the number of existing websites by 25 percent, as part of President Barack Obama's Campaign to Cut Waste. With approximately 2,000 top-level domains and nearly 24,000 websites, it's no small feat.
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Step one should be a requirements definition- many fed web sites should simply go away as useless or redundant.
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Audiovox Corporation reported 2005 fiscal first quarter net sales from continuing operations of U.S. $116 million, a decrease of 14 percent compared to net sales of $135.4 million reported in the fiscal first quarter of 2004. Net loss from continuing operations for the fiscal 2005 first quarter was $0.6 million or a loss of $0.02 per share compared to net income of $0.7 million and earnings per share of $0.03 in the comparable prior year period. Including discontinued operations, the company reported a net loss of $1.2 million or a loss of $0.05 per basic and diluted share compared to net income of $1.9 million or earnings per share of $0.09 basic and $0.08 diluted reported in the fiscal first quarter of 2004.
John J. Shalam, chairman, president, and CEO of Audiovox stated, "Despite the first quarter performance, we remain on target with our sales guidance for the full fiscal year of 3 to 8 percent growth, excluding any acquisitions that may arise."
Mobile Electronics, which represented 64.4 percent of net sales, came in at $74.7 million, down 16.2 percent compared to $89.1 million reported in the comparable prior year period. This decline was related primarily to the continual price erosion and competition within the mobile video category. Consumer electronics, which represents 35.6 percent of net sales, had sales of $41.3 million, a decline of 10.7 percent compared to net sales of $46.3 million reported in the fiscal first quarter of 2004. This decline was due primarily to a shift in large load-in orders that moved from first quarter 2004 to second quarter in 2005.
On February 25, 2005, the company entered into a plan to discontinue ownership of its majority owned subsidiary, Audiovox Malaysia (AVM) and sell its ownership to the current minority interest shareholder. Included in loss from discontinued operations for the three months ended February 28, 2005 is a write-down charge of $0.4 million for AVM assets as a result of the intended sale of AVM. The decline of income from discontinued operations for the quarter ended February 28, 2005 is due to increased losses of AVM as well as residual expenses from the prior year sale of the cellular business on November 1, 2004. (Yahoo Finance)
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FedEx vs. Fed: What they see for the economy
On the surface, at least, the so-called FedEx indicator looks rosy. But as with the Fed announcement itself, what was missing may matter as much as what was said.
Those who believe that FedEx is a great way to gauge the health of the U.S. economy may have a tough time puzzling their way through the shipping giant's fiscal fourth-quarter results, released early Wednesday morning.
On the surface, at least, the so-called FedEx indicator looks rosy. FedEx (FDX) posted earnings that were higher than the market expected. Excluding restructuring and other charges, it reported net income of $2.13 a share, compared to the consensus forecast of $1.96, better than the $1.73 announced a year ago. Revenue was up about 3.6%, at $11.4 billion.
Not too shabby, and perhaps a mildly encouraging sign if you believe the company's financials are an accurate reflection of consumers' confidence and willingness to spend on goods and have them delivered via a relatively costly door-to-door courier service.
The results were especially telling in light of the ongoing uncertainty over whether the Federal Reserve views the U.S. economy as robust enough to withstand tighter monetary policy. The timing of FedEx's earnings release -- just hours before the Fed's much-anticipated announcement after the conclusion of its June meeting -- made the data point even more compelling to some investors.
But as with the Fed announcement itself, what was missing may matter as much as what was said. In the case of Federal Reserve policymakers, what wasn't mentioned was the specific timing of the end to the monthly $85 billion bond-buying program known as QE3. In FedEx's case, what is missing from the picture is robust growth. While the reported earnings were higher, that was only after removing restructuring costs from the equation.
The company's outlook wasn't all that much more encouraging. True, its core express division gave profits a big boost, and ground shipments also look healthy. But freight shipping is weaker, and FedEx's management were significantly less bullish about the company's outlook, predicting earnings growth for the coming fiscal year of only 7% to 13%, well below the consensus of around 20%.
FedEx has more flexibility than the Fed. Responding to the trends it sees taking shape in the global economy, the company plans to trim capacity in international freight. High fuel prices are one factor that has caused price-sensitive Asian shippers to shift to sea shipments over air freight in recent quarters, and the company has said it realizes it will have to pursue other restructuring initiatives in recognition of this move to slower and cheaper delivery options.
That doesn't mean it isn't causing stress. Fred Smith, FedEx's CEO, bordered on huffy and irritable when he responded to conference call queries about this trend -- clearly more than just a temporary shift -- from analysts. "You'll just have to trust us to manage the business," he told them.
Fed policymakers are grappling with similarly frustrating fundamentals and an equally irritating public constituency. Demands for clarity in terms of the timing and nature of any unwinding of the quantitative easing program are fine and dandy, but it's logical that the Fed doesn't want to be pinned down to specifics.
Just as FedEx's headline number and some of the business-specific results seem to suggest a robust economy, so the Fed's statement took a more upbeat view of the recovery. Despite "elevated" unemployment rates, policymakers noted in their formal comments that the jobs picture has brightened in recent months -- and now believe that unemployment will fall slightly faster than they had previously forecast.
Ultimately, both FedEx and the Fed have left us with little more than two more straws in the wind -- suggesting that the economy is strengthening, but not with any convincing evidence that growth will reach robust levels. Uncertainty, for now, remains the name of the game.
More from The Fiscal Times
|FDXThe Fiscal Times
It's pretty amazing how the FED said the triggers to end QE3 were UE at or below 6.5% and CPI no greater than 2.5%. What they did not say was that those were going to be based on their predictions for the future. What they didn't say was if UE of 6.5% was predicted in the next 18 months they would stop easing. How convenient Uncle Ben chooses his words and lies about how and when the FED will act. That's exactly the type of monetary policy that got us here in the first place.
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Stocks drift lower and bonds are hit as investors await the Fed. Prepare for higher volatility this week.
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