text:
The Nerd - 5
Fiction, Anal, Blowjob, First Time, Threesome
Author's infos
Gender: male Age: N/A Location: N/A
Posted Wed 11th of May 2011
We arranged for Sara to come over for the weekend. That way we'd have plenty of time for fucking, sucking, and trying anal. We picked her up from school Friday afternoon. Morgan drove her new Mustang, top down, of course. Sara gave Morgan a sisterly peck on the cheek, but fed me a tongue sandwich right in front of a large group of her classmates. She jumped into the back seat and off we went, first to the mobile home for her things and then to our place. It really was our place now. Unknown to Morgan, I had seen my lawyer earlier in the week, made her my principal heir and deeded her half the house. I'd tell her all about it one of these days. I just had to find the right moment.
Once home Morgan and Sara ran into the house. I got Sara's bags and followed. By the time I had entered they greeted me totally naked, eager for the fun to begin. They each took one of my hands and led me to the bedroom. While Sara kissed me Morgan removed my shorts and boxers. I kicked off my sandals and removed my shirt. I could have taken the lead but I decided to leave that to them. They pushed me back onto the bed, my legs hanging down to the floor. Each approached one side of my cock which had, not surprisingly, grown long and hard. Morgan took the right side, Sara, the left. They licked their way up, starting at the base moving all the way to the tip. Sara got there first so she circled the tip and licked the hole lovingly. Morgan moved down to my balls, taking one into her mouth, licking and gently sucking while massaging the other. They were having a lot of fun, but I was getting really, really hot. I craved release. I pulled Sara up to me and lowered her onto my erection. She was incredibly tight but she was dripping wet so there was little resistance from her cunt. Of course, there was no resistance from her, either. She started to rock slowly at first. I pulled Morgan up so her pussy was just over my face. She straddled my head facing Sara. I licked her clit and tongue fucked her while putting two fingers into her butt. Morgan leaned forward to kiss her sister. It was a scene straight from a porn flick. Morgan shifted into high gear when I stuck my tongue into her ass. We were all getting close. Sara came first, her orgasm signaled by several "UNGGHH'"s and "OOOOHHHH'"s. Morgan was next. They fell together exhausted. I was next. "I'm almost there," I gasped. Sara pulled off me and they moved their mouths over my cock. My hips bucked as my first stream of hot semen coursed through my body into Sara's mouth. Morgan took the next thread; they alternated until I was dry. Then they sucked my tip and licked the rest of my cock until clean. My computer, Marti, was shut off; I had tired of hearing her comments about our sex lives.
We lay together in a heap until I asked, "Anyone for Chinese?"
I managed to dress and call for takeout. Fifteen minutes later I went for the food. We ate in the living room around the coffee table, watching the TV and discussing our plans for the rest of the weekend. There were going to be some sore vaginas and assholes by the time we were finished, that is if my cock didn't fall off in the process. We cleaned our mess and walked to the shower. We washed each other and were almost done when Morgan instituted a change in plans. Showing off for her sister, she soaped her ass and bent over, holding her ankles. She turned back to me, inviting me with her eyes. I stepped forward, soaped my cock until it was really foamy. Then I slid slowly but firmly into her ass. The tightness of her anus is beyond description. It was as close to Heaven as I've ever been. She backed up, pushing me into the wall, forcing me to stand there while she fucked her own ass with my dick. I reached down to rub her clit. It didn't take much; she came hard-really, really hard, just as she usually did from anal. She collapsed on the shower floor, my still hard dick slipping from her ass as she sank. Sara moved in to suck the remains of Morgan's ass from my throbbing dick. We stepped from the shower and I toweled Morgan dry as she sat on a stool while she recovered. Sara had been drying parts of me and I joined her to finish the job. Once dry we headed to the bed. Morgan had recovered so she led the way. This was to be Sara's initiation to anal; Morgan was there for moral and physical support. Sara knelt at the edge of the bed, her ass sticking out over the floor. I got the lube, which I now kept on the top of the night stand so it would be readily available when needed. I lubed her ass and my finger. Slowly I pushed it into her sphincter. There was so much lube that it slipped in with little problem. I wiggled it in, out, and all around, spreading the lube throughout. Now, I thought, would be a good time to mount her doggie style. I slid my hips forward, rubbed my dick up and down her dripping slit. I lined up and plunged into her. Now I rubbed the thin membrane between her ass and pussy with my fingers, exactly as I had with Morgan so many weeks earlier. She reacted with several moans indicating how hot she was becoming. This was the time to try two fingers so I removed the one, much to Sara's disappointment. Then I pushed the two fingers back into her hole. She was really surprised and if it hurt, she didn't show it. Morgan rubbed Sara's back and leaned down to kiss her. She moved up on the bed and, lying back, directed Sara's mouth to her hot cunt.
Sara was occupied at both ends—eating Morgan's tasty pussy while I was stuffing her other two holes, one with my stiff cock, the other with my strong fingers. "How are you, Sara?"
"Fantastic. I can see now why Morgan loves it so much. When are you going to put your cock in? I really want to try it."
"Keep eating Morgan's pussy. I'm going to do it soon. If you can handle my fingers so easily you shouldn't have any problems with my cock, except that it's a lot more rigid—stiffer." I returned to my fucking and fingering, encouraging Sara to relax. She was giving Morgan an exciting time, kissing and licking her pussy. I checked her butt—there was a definite gape so I figured she might be ready. I lubed my cock, pressing the tip against her virgin hole. I pushed forward while pulling her hips back. Slowly…surely… I progressed, listening for the telltale pop. When it came I congratulated Sara. "Gee, I was so occupied with Morgan's pussy I never even noticed if there was any pain. Now it feel like my ass is really full, but an enjoyable full, not a painful full. Know what I mean?"
"I'm going to fuck your ass now. All you have to do is enjoy." I started moving in and out. She was really tight—even tighter than Morgan. Gradually I increased my pace until I was in full-blown fuck mode. I could hear Morgan cumming from Sara's insistent tongue. Now it was Sara's turn. I moved my hand lower, my thumb in her cunt, my fingers rubbing her clit. Suddenly, she came—with a long guttural howl I wouldn't have thought possible or human had I not been there to witness it. She collapsed in a tangled pile of arms, legs, and hair, My cock still in her ass. I slowly removed it and crawled between them. They cuddled close and I thought we might sleep, but—NO!
"Sara," asked Morgan, "did you cum?"
"Fucking yeah," she replied.
"OK, you had a great orgasm. I had a great orgasm. What's missing? Ryan has taken good care of us, don't you think we need to take care of him?"
Sara nodded and they both rose to a sitting position—so much for my rest! They joined hands around my dick, stroking up and down. I was hard again in an instant. They sped up their jerking. I was losing control—my breathing became rapid and shallow. I closed my eyes and exploded soaking them with my cum. Stream after thick stream of hot cum spurted almost two feet into the air before settling in their hair and on their bodies. Morgan licked the last of my ejaculate from my dick while Sara licked and sucked cum from Morgan's body. Then it was Morgan's turn to clean her sister. Eventually they were clean so we lay back for a good night's sleep. Once again we would have had plenty of room in a twin bed.
I took them out for breakfast Saturday morning. We needed to have some regular food in us to sustain ourselves through everything that was to come. When we got home we decided to go out in the boat. Morgan was ecstatic; Sara was confused. After loading our lunch, drinks, sunscreen and towels aboard we set course for our favorite island. En route Morgan and Sara suddenly lost their bikinis. This was getting to be a dangerous habit-one that was going to get me in big trouble with the marine cops if we got caught. Luckily we reached the island without being seen by the cops. However, several jet skiers tagged along most of the way cutting and weaving behind us. Once we anchored it was fun time! I turned my helm seat around. Morgan climbed up with her feet on the chair arms and held onto the frame of the T-top. She was in perfect position to receive some great oral. It looked spontaneous but it was something we had done several times before. As I licked her from clit to ass I motioned Sara to kneel between my legs. Taking the hint, she removed my hardened dick from my shorts. She stroked it tenderly before she began a very hot blowjob. She must have been taking lessons from Morgan because she deep throated me with ease. Morgan was gyrating as I fucked her cunt with my eager tongue. I put a finger into my mouth and then slid it into her ass. This was more than enough to send her into a spectacular orgasm. She spurted all over my mouth and face. Her cum dripped down onto my chest and stomach, so intense was her orgasm. She lost her grip and started to fall. Fortunately, I was able to catch her and sit her in my lap where she had a bird's eye view of Sara bobbing up and down on my cock as I blew my load all over her face. We all laughed as my cum dripped onto her chest. Sara jumped up and slipped over the side. Morgan followed and I was about to follow when I remembered how good Morgan's cum tasted. I licked up what I could find before joining them in the water.
We fucked and sucked all day Saturday—in the water, on the beach, anyplace we could find to couple; I penetrated Sara's butt several times as she learned to love a hard cock in her ass-- and Sunday until Sara had to return home. Her pussy and ass had been used (and abused) so often she was lucky she could walk. She hobbled in to her home and passed Mom on the way to her room. If Mom knew anything she kept it to herself. Morgan invited her to visit us but she declined for at least the tenth time. She still wasn't comfortable with our relationship. At least Morgan had convinces her to accept the money I sent her each month.
Morgan and I continued to expand our knowledge of each other. She was down about her mother but I knew that eventually her mom would come around. Morgan continued to walk around the house naked and it looked to me that she was gaining a little weight. Her breasts seemed a trifle bigger and she was developing a little tummy. I attributed it to eating a better diet than she had been able to afford while she lived at home. She was still hotter than hell.
We were eating breakfast one morning in our usual style. We were on the deck naked; she was on my lap and my cock resided where it belonged—in her pussy. We fed each other strips of bacon and sausage links between forks full of omelet. "I need to talk with you," I said. She looked at me. "You talk with me every day."
'I know, but this is important." She stopped eating, moved back a few inches and looked straight into my eyes, just as she had always done when she was serious. "I went to see my lawyer a couple of weeks ago. I did it because I love you—more than anything, even though I know I don't tell you enough. I had you written into my will."
"Ewww, I don't want to think about that. I don't want you to die."
"I know, but listen. If something happened to me, what would happen to you? You'd be right back where you were. You'd get nothing. I want to know that you will be taken care of if anything happens to me. You know that I am worth millions, but do you have any idea how much I'm actually worth?
"I don't know—ten million—twenty? Who cares?"
"Morgan, I had a very successful company that I sold for $300 million. I gave $80 million to my employees and ten million to each of the universities I attended. That left me with $200 million, but I already had more than $50 million. After taxes I wound up with almost $170 million. I invested it well and over the last three years I've earned more than another $80 million. My net worth is over $250 million. That's why I have to be careful where it goes. My will gives you half of everything I own. My investment banker has instructions to help you manage the money. A quarter goes to my parents-you'll meet them one of these days—and the other quarter goes to my sisters. Also, this house is now half yours—actually 'ours' officially. The change in the deed should come within the next few days according to my lawyer."
"I'm kind of scared about all this," she whispered.
I hugged her. "I love you, Morgan. We may have started lusting for each other—hell, I still lust for you—but that lust has turned into love. I'm a lot older than you. Odds are I'm going to die long before you, but, hopefully, not for a very long time."
Morgan buried her head in my shoulder. Then she rose from my lap, pulling my cock out from within her. She extended her hand to me and led me back into the house. She led me right to the bedroom, climbed onto the bed and pulled me with her. As we lay down she came in for a long passionate kiss. Her tongue intertwined with mine, her lips pressed hard against me. The kiss went on and on. We groped each other—backs, shoulders, hips, but surprisingly no genital contact. She broke the kiss. "I love you so much, Ryan. I never thought I would fall in love with a nerd, but I did and I'm really, really glad." She pushed me onto my back and climbed atop me. Grabbing my dick, she very slowly impaled herself on my erection. She moved so slowly savoring every sensation of our union. This was no lustful coupling intended to get one or the other of us off; this was loving sex—the physical expression of our love for each other. We held each other, occasionally kissing, always smiling as I moved within her. We kept it up for almost an hour without cumming. Neither of us wanted it to end. Eventually we stopped moving and just lay there, my dick deep within her.
Over the months we had been together I figured I must have deposited gallons of semen into Morgan's womb. Now I wanted, more than anything else, to impregnate her--to have a symbol of our love for each other.
"Morgan… I think… it's time you went off the pill."
"I'm glad you said that. I already have. For a genius nerd you're not very observant. You're going to be a dad."
When I had recovered from the shock I rose and left the room. When I returned I knelt on the floor, opened a small box, and showed her the biggest fucking diamond ring I had ever seen. I whispered into her ear, "Morgan, will you marry me?"
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10 comments
Anonymous reader
2016-06-08 14:28:40
to the person underneath me, he did do the math right, did you not see the words " after taxes"?
Anonymous reader
2014-09-08 18:42:13
Nope, you're definitely not a nerd genius because you have no reading comprehension. Let me break it down for you. He had 300 million, he gave his employees 80 million. There was no mention of how many employees shared the 80 million. That leaves 220 million. Then he gave each of his schools 10 million. He said in earlier chapters that we went to 2 different schools so that is 20 million. 220 million minus 20 million equals 200 million.
Anonymous reader
2013-12-27 14:58:26
I love this story but I think u need to work on your math he has 300 million and he give 10 employees 80 million and still has 200 million im no nerd genious but that just don't add up right
anonymous reader
2013-01-27 11:47:42
This is one great story Great fucking and great loving!
2011-05-15 17:18:52
I ended it because I was havnig trouble coming up with ideas to continue. HOWEVER, there will be one more chapter in which the Nerd gets more than he planned for.
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text: Jessica Biel Orders Justin Timberlake To Stop Hanging Out With Cameron Diaz Or ElseAnna Breslaw7/31/12 9:00amFiled to: Dirt BagJessica BielJustin TimberlakeCameron DiazHenry hopperLindsay LohanJames DeenKristen StewartRobert PattinsonSandersDennis RodmanMadonnaTJ HolmesColin FarrellKate becknsaleLen WisemanJohn TravoltaTom CruiseSavannah GuthrieAnn CurryHoda KotbAgyness DeynGiovanni RibisiVma nominations 2012Selena GomezBILLY CORGANSnoop DoggSnoop lionRussell BrandRyan Phillippe2092EditPromoteShare to KinjaToggle Conversation toolsGo to permalinkJessica Biel is apparently shit-flippingly threatened by the continued close relationship between exes Justin Timberlake and Cameron Diaz. She wasn't too psyched when they worked together in Bad Teacher, and recently Diaz did an interview in which this happened:AdvertisementJustin and I had a journey together and still do. It changed, but I'm fine with that and so is he. I will always love the man in so many different ways.Haunted by the literal interpretation of this statement (i.e. a mental slideshow of Cameron Diaz "loving" her fiancé in "ALL" of the different ways), Biel made like the grotesquely zany third act of a rom-com and rushed to confront Timberlake in Puerto Rico, where he is shooting a gambling drama with Ben Affleck.AdvertisementShe supposedly left him with an ultimatum: cut off contact with Diaz or their wedding is off. Should he? Or should he not? Or should they bring it on down to Omeletvilleeeellelele? [Celebrity Dirty Laundry]Dennis Hopper's 21-year-old son Henry, who recently starred opposite Mia Wasikowska in the Gus Van Sant movie Restless, has been accused of plying a 15-year-old girl with drugs and alcohol and then raping her. He had apparently been talking to her on Facebook since last February and invited her to his Venice, California house on multiple occasions that ended with "sexual intercourse, forced oral copulation and sodomy." The girl's mother is suing for unspecified damages. [TMZ]Over on the set of The Canyons, Lindsay Lohan was loath to go topless when the scene required it, but she felt better once she convinced the 10-man crew to strip down to their boxers with her, which is kind of a genius idea and should really be written into actress's contracts. And then, apropos of nothing, the item ends with:SponsoredAs for her porn star cast mate James Deen — nine inches.So now you know. Y'know, if you didn't know before. Don't you get the feeling that screenwriter Bret Easton Ellis is sitting in his stark white living room in a gazillion dollar contemporary chair and watching this all unfold through a snowglobe with cocaine floating around in it? [TMZ]Director Giovanni Agnelli has come to K-Stew's defense: "'I'll say right now what the manipulative media isn't saying... Kristen Stewart did not have any type of sex with Rupert Sanders. The spin that keeps growing on this story is staggering. There was NO on set affair. Stop printing LIES." [Daily Mail]AdvertisementMeanwhile, Sanders is still walking around with his wedding ring on. [NYDN]And K-Stew and R-Patz are fighting over who gets to keep their rescue dog. [Daily Mail]Dennis Rodman wrote a children's book called Dennis The Wild Bull. [TMZ]At least people are into Madonna's new shoe line. [Telegraph.co.uk]Former CNN host T.J. Holmes was pulled over one mile away from his house for what seems like literally no reason, and Tweeted a picture with the caption "Driving while black ain't no joke!" [Instagram]Colin Farrell said that kissing Kate Beckinsale in Total Recall was "tricky" because her director husband Len Wiseman was watching. 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Monte Carlo methods for option pricing
In mathematical finance, a Monte Carlo option model uses Monte Carlo methods [Notes 1] to calculate the value of an option with multiple sources of uncertainty or with complicated features.[1] The first application to option pricing was by Phelim Boyle in 1977 (for European options). In 1996, M. Broadie and P. Glasserman showed how to price Asian options by Monte Carlo. In 2001 F. A. Longstaff and E. S. Schwartz developed a practical Monte Carlo method for pricing American-style options.
In terms of theory, Monte Carlo valuation relies on risk neutral valuation.[1] Here the price of the option is its discounted expected value; see risk neutrality and rational pricing. The technique applied then, is (1) to generate a large number of possible, but random, price paths for the underlying (or underlyings) via simulation, and (2) to then calculate the associated exercise value (i.e. "payoff") of the option for each path. (3) These payoffs are then averaged and (4) discounted to today. This result is the value of the option.[2]
This approach, although relatively straightforward, allows for increasing complexity:
- An option on equity may be modelled with one source of uncertainty: the price of the underlying stock in question.[2] Here the price of the underlying instrument is usually modelled such that it follows a geometric Brownian motion with constant drift and volatility . So: , where is found via a random sampling from a normal distribution; see further under Black–Scholes. Since the underlying random process is the same, for enough price paths, the value of a european option here should be the same as under Black Scholes. More generally though, simulation is employed for path dependent exotic derivatives, such as Asian options.
- In other cases, the source of uncertainty may be at a remove. For example, for bond options [3] the underlying is a bond, but the source of uncertainty is the annualized interest rate (i.e. the short rate). Here, for each randomly generated yield curve we observe a different resultant bond price on the option's exercise date; this bond price is then the input for the determination of the option's payoff. The same approach is used in valuing swaptions,[4] where the value of the underlying swap is also a function of the evolving interest rate. (Whereas these options are more commonly valued using lattice based models, as above, for path dependent interest rate derivatives – such as CMOs – simulation is the primary technique employed.[5]) For the models used to simulate the interest-rate see further under Short-rate model; note also that "to create realistic interest rate simulations" Multi-factor short-rate models are sometimes employed.[6]
- Monte Carlo Methods allow for a compounding in the uncertainty.[7] For example, where the underlying is denominated in a foreign currency, an additional source of uncertainty will be the exchange rate: the underlying price and the exchange rate must be separately simulated and then combined to determine the value of the underlying in the local currency. In all such models, correlation between the underlying sources of risk is also incorporated; see Cholesky decomposition#Monte Carlo simulation. Further complications, such as the impact of commodity prices or inflation on the underlying, can also be introduced. Since simulation can accommodate complex problems of this sort, it is often used in analysing real options [1] where management's decision at any point is a function of multiple underlying variables.
- Simulation can similarly be used to value options where the payoff depends on the value of multiple underlying assets [8] such as a Basket option or Rainbow option. Here, correlation between asset returns is likewise incorporated.
- As required, Monte Carlo simulation can be used with any type of probability distribution, including changing distributions: the modeller is not limited to normal or lognormal returns;[9] see for example Datar–Mathews method for real option valuation. Additionally, the stochastic process of the underlying(s) may be specified so as to exhibit jumps or mean reversion or both; this feature makes simulation the primary valuation method applicable to energy derivatives.[10] Further, some models even allow for (randomly) varying statistical (and other) parameters of the sources of uncertainty. For example, in models incorporating stochastic volatility, the volatility of the underlying changes with time; see Heston model.
Least Square Monte Carlo[edit]
Least Square Monte Carlo is used in valuing American options. The technique works in a two step procedure.
- First, a backward induction process is performed in which a value is recursively assigned to every state at every timestep. The value is defined as the least squares regression against market price of the option value at that state and time (-step). Option value for this regression is defined as the value of exercise possibilities (dependent on market price) plus the value of the timestep value which that exercise would result in (defined in the previous step of the process).
- Secondly, when all states are valued for every timestep, the value of the option is calculated by moving through the timesteps and states by making an optimal decision on option exercise at every step on the hand of a price path and the value of the state that would result in. This second step can be done with multiple price paths to add a stochastic effect to the procedure.
As can be seen, Monte Carlo Methods are particularly useful in the valuation of options with multiple sources of uncertainty or with complicated features, which would make them difficult to value through a straightforward Black–Scholes-style or lattice based computation. The technique is thus widely used in valuing path dependent structures like lookback- and Asian options [9] and in real options analysis.[1][7] Additionally, as above, the modeller is not limited as to the probability distribution assumed.[9]
Conversely, however, if an analytical technique for valuing the option exists—or even a numeric technique, such as a (modified) pricing tree [9]—Monte Carlo methods will usually be too slow to be competitive. They are, in a sense, a method of last resort;[9] see further under Monte Carlo methods in finance. With faster computing capability this computational constraint is less of a concern.
- ^ Although the term 'Monte Carlo method' was coined by Stanislaw Ulam in the 1940s, some trace such methods to the 18th century French naturalist Buffon, and a question he asked about the results of dropping a needle randomly on a striped floor or table. See Buffon's needle.
- ^ a b c d Marco Dias: Real Options with Monte Carlo Simulation
- ^ a b Don Chance: Teaching Note 96-03: Monte Carlo Simulation
- ^ Peter Carr and Guang Yang: Simulating American Bond Options in an HJM Framework
- ^ Carlos Blanco, Josh Gray and Marc Hazzard: Alternative Valuation Methods for Swaptions: The Devil is in the Details
- ^ Frank J. Fabozzi: Valuation of fixed income securities and derivatives, pg. 138
- ^ Donald R. van Deventer (Kamakura Corporation): Pitfalls in Asset and Liability Management: One Factor Term Structure Models
- ^ a b Gonzalo Cortazar, Miguel Gravet and Jorge Urzua: The valuation of multidimensional American real options using the LSM simulation method
- ^ global-derivatives.com: Basket Options – Simulation
- ^ a b c d e Rich Tanenbaum: Battle of the Pricing Models: Trees vs Monte Carlo
- ^ Les Clewlow, Chris Strickland and Vince Kaminski: Extending mean-reversion jump diffusion
Primary references
- Boyle, Phelim P. (1977). "Options: A Monte Carlo Approach". Journal of Financial Economics. 4 (3): 323–338. doi:10.1016/0304-405x(77)90005-8. Retrieved June 28, 2012.
- Broadie, M.; Glasserman, P. (1996). "Estimating Security Price Derivatives Using Simulation" (pdf). Management Science. 42: 269–285. doi:10.1287/mnsc.42.2.269. Retrieved June 28, 2012.
- Longstaff, F.A.; Schwartz, E.S. (2001). "Valuing American options by simulation: a simple least squares approach". Review of Financial Studies. 14: 113–148. doi:10.1093/rfs/14.1.113. Retrieved June 28, 2012.
- Bruno Dupire (1998). Monte Carlo:methodologies and applications for pricing and risk management. Risk.
- Paul Glasserman (2003). Monte Carlo methods in financial engineering. Springer-Verlag. ISBN 0-387-00451-3.
- Peter Jaeckel (2002). Monte Carlo methods in finance. John Wiley and Sons. ISBN 0-471-49741-X.
- Don L. McLeish (2005). Monte Carlo Simulation & Finance. ISBN 0-471-67778-7.
- Christian P. Robert, George Casella (2004). Monte Carlo Statistical Methods. ISBN 0-387-21239-6.
External links[edit]
- Fairmat (freeware) modeling and pricing complex options
- MG Soft (freeware) valuation and Greeks of vanilla and exotic options
- Comparison of risk analysis Microsoft Excel add-ins
Online tools
- Monte Carlo simulated stock price time series and random number generator (allows for choice of distribution), Steven Whitney
- Monte Carlo to price options and compute greeks, pricing-option.com
Discussion papers and documents
- Monte Carlo Simulation, Prof. Don M. Chance, Louisiana State University
- Pricing complex options using a simple Monte Carlo Simulation, Peter Fink (reprint at quantnotes.com)
- MonteCarlo Simulation in Finance, global-derivatives.com
- Monte Carlo Derivative valuation, contd., Timothy L. Krehbiel, Oklahoma State University–Stillwater
- Applications of Monte Carlo Methods in Finance: Option Pricing, Y. Lai and J. Spanier, Claremont Graduate University
- Option pricing by simulation, Bernt Arne Ødegaard, Norwegian School of Management
- Pricing and Hedging Exotic Options with Monte Carlo Simulations, Augusto Perilla, Diana Oancea, Prof. Michael Rockinger, HEC Lausanne
- Monte Carlo Method, riskglossary.com


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This is by not means in defense of Sanchez who has been 100% horrible as has the entire offense.
That being said why is it we Jet fans get a hold of scrubs and turn them into imaginary stars? I wish McElroy was the guy but honestly the guy just does not have the physical tools to get the job done. Ratliff on the other hand had all the tools but I guess none of the brains to get the job done.
Point is if Sanchez is not the answer then its very likely that nobody on the roster is.
Time to move on and draft or sign a good QB and stop wishing upon a star.


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I Do (Cherish You)! Drew Lachey dishes on the return of 98 Degrees. [Rolling Stone]
Team Cee Lo! Rob Thomas joins The Voice as a mentor. [Billboard]
Pretty Little Liars' Julian Morris and Teen Wolf's Sinqua Walls have joined the cast of the ABC fantasy show Once Upon a Time. [E!]
Continuing her path of world domination, Katy Perry is the new face of Popchips. [Huffington Post]
Step Up star (and Channing Tatum's wife!) Jenna Dewan will play a pivotal role on season two of American Horror Story. [EW]


text:
Retail and luxury stocks also declined on Monday morning.
Attestor Capital LLP and Oxy Capital Italia Srl will take over the majority stake of the company.
The company attributed this to investments connected to the brand's internationalization and an increasingly competitive eyewear sector, as well as "a strong commercial push that has left too much product" in the market.
The outlets and women's division were among the challenges in the period.
From American Apparel to Macy's, retailers of all stripes have been suffering lately and closing stores.
Retail and luxury stocks put on an uneven show in mid-morning trading on Friday.
Sears said it has always paid its vendors for orders placed.
Cowen analyst Oliver Chen said comparable deals suggest a Neiman's valuation below that of its current debtload.
Chief executive officer Emanuel Chirico criticized the transactional nature of online shopping but hinted at the possibility of more digital acquisitions like True & Co. in the future.
An NRF survey showed the holiday next month could be a boon for fashion.
Retail and luxury stocks were uneven during late-morning trading on Thursday.
Tommy Hilfiger and Calvin Klein grew sales last year despite comp weakness in North America, but PVH still posted lower profits for 2016.
Sears' "substantial doubt" disclosure was triggered by historical financials.
The group has taken full ownership of the De Beers Diamond Jewellers retail operation.
The brand has been affected by lowered orders and foot traffic declines but expects things to improve over 2017.


text:
...New England offensive coordinator Josh McDaniels called four straight plays involving
...Conversely, rookie
1st Quarter - Defense
...The Patriots were in nickel for most of the opening stanza, with only a handful of dime and base looks, to match Miami's multiple-WR packages. There were only 11 offensive plays by the Dolphins in that first 15 minutes of play, but one player who stood out was d-tackle
...Rookie LB
2nd Quarter - Defense
...Rookie DT
...Rookie CB
...Ryan was beaten, however, a couple of plays later, when WR Rishard Matthews, in the slot, ran around Ryan on a corner route. He beat Ryan only by a step, but that was all he needed to make a nice diving extension of a catch on a well-thrown ball to the sideline by Tannehill. Ryan failed to get a proper jam on Matthews at the line of scrimmage, or this play may not have happened.
...The touchdown, as I mentioned in my post-game analysis, was a simple case of poor tackling by the New England secondary.
2nd Quarter - Offense
...The WR screen plays were very effective for New England Sunday in Miami.
3rd and 4th Quarter - Defense
...On that touchdown, the Dolphins were in a familiar formation: a lone running back and two TEs lined up on the right, with Wallace motioning from the right flanker and WR Brian Hartline lined up wide left. Tannehill faked an end-around to Wallace (a play they'd successfully executed earlier in the game). The back, Thomas, ran out to the flat on the right that Wallace had just vacated. Ninko saw the play coming his way, but he couldn't shed the block by right tackle Tyson Clabo. And Gregory didn't come over in time to help out (overall, wasn't Gregory's best outing on Sunday). Gregory seemed unsure where Tannehill was going with the ball, so, he stayed put at first instead of following Thomas, who easily waltzed into the end zone after collecting Tannehill's toss.
...The Dolphins scored late with the winning TD on a pass to RB Marcus Thigpen, who'd originally lined up in the backfield next to Tannehill. Thigpen just ran an out-pattern against LB
3rd and 4th Quarter - Offense
...A few poor throws by Brady and a mishandle by Boyce stalled what otherwise was a nice drive to open the second half. It ended with a
...DE Cameron Wake got the game's only sack on Brady on a 3rd-down play. Brady initially had some time to throw in the pocket, but his receivers were all well covered. Wake, meantime, rushing from the offense's right side, was engaged by Hooman, and it was no contest. Wake just bull-rushed his way into the backfield and tossed Hooman aside. Brady cowed when Wake got there to avoid a direct hit.
...Julian Edelman's TD catch-and-run was just a simple post pattern, plus a terrible tackling effort by a Dolphins defender. Edelman sliced through the defense without breaking stride at the angle he was running. Safety Jimmy Wilson, rather than tackle Edelman, just tried to slap the ball out of his grasp and allow him to continue running. Edelman held tight and then leapt into the end zone while another DB clung to his legs. That should have been the game-winning score for New England.
DO YOUR JOB: Sealver Siliga - Since being promoted from the practice squad a few weeks back, the second-year defensive tackle has supplanted rookie Joe Vellano as the every-down partner to rookie
You can watch this game too with exclusive access to coach's film with NFL Game Rewind. Learn More >>


text:
the girl that sat next to me
True Story, Anal, Consensual Sex, Interracial, Water Sports/Pissing
Author's infos
Gender: male Age: N/A Location: N/A
Posted Sat 27th of June 2009
it was my first day of high school
So it was my first day of high school it was alright I mean I was nervous being in a new environment and I had just finished my first period class and was heading to period two.
As I entered it was filled with five rows of computers it was called tech class all about computers so I sat in the first row at computer number 7 and then there was this hot girl named Kelly she was black but not dark skin but not that light skin while she sat at computer 6 so she was right next to me.
As I was sitting there I was just complete shock of how hot she was so I was sitting trying not to get caught starring at her and making stupid comments about school and how it sucks anything so that she would talk to me.
So after a week of talking about small stuff I finally asked what her name and she told me so I told her my name we didn't talk to much and I asked her what grade she was in she was in grade ten so I was still thinking of ways to stare at her boobs but not get seen.
Well before I go any farther I will tell you her description she was about 5 foot 8 inches tall with 31cc boobs with a good ass she was about 115 lbs and I was 5 foot 10 inches tall about 200lbs. a little chunky not the best looking.
So I as I was saying I was staring at her boobs and I kind of zoned out on them so I was starring with a huge Bonner in my pants I was only about 4 inches and a half but my pants made it look really big so she asked me if she could use my red book cause that was the official hall pass at my school so I told her sure and I gave her it and she went and I started thinking about he squatting on the toilet how hot it would look.
So when she came I had to hide my Bonner from her because it would be really embarrassing if she knew that I was getting hard from her using the bathroom so a month went by it was mid October by then I haven't told her about my feelings so she thought we just friends which we were even though I masturbated to her every night.
so she asked me what I was doing for Halloween and I told nothing really and she asked if I would dress up with her and go out and I said yes I asked her what she was being she said a playboy playmate so I told her I will be a playgirl playmate so we went out and it was supposed to rain late at night around 1 or 2 am while it rained early so we went to my house to stay out of the rain.
so we got to my house around 8pm while just as we got there the rained stopped so my mom said she was going back out to trick or treat with my little brother so we were left alone we talked for a bit then I kissed her a don't know what happen but I did it I was as shocked as she was.
so I talked about my feeling for her and she said that it wasn't that she didn't like it was that she was not ready for a boyfriend which meant sorry loser to bad so I was heart broken I tried everything for her like me they way I liked her but it was not working.
we were still friends but we didn't talk about what happened till one day when she told me that she was thinking about losing her virginity but she didn't know to who so I suggested me all she said was it could be possible.
so a couple of weeks had passed since she told me about what she wanted to do so I finally asked if she wanted to do it with me and at this time we were at school again and it was lunch time so she told me to meet her out side the bathroom at 1:30 during fourth period so I went there and she told me that she had decide that she would have sex with me today after school under one condition that I don't tell anyone.
so for the last hour class I was thinking about Kelly's tight ass and hot body so much I got a weird tingling in my balls so to say the least I was really excited to get home knowing that my mom worked till 5pm and my brother was at school till 4pm and I got home at 2:30 so I would have at least a hour for sure.
so right after school we went to my house and she asked where should we start I told her that I should take my pants off she said she had to pee and went to the bathroom I asked if could watch her she asked why I told her it was a fantasy of mine to watch her pee so she said ok she spread her legs and I saw the greatest sight of my young life a female vagina it was great so I started to jerk off she asked me what I was doing she told me to wait.
so after she was done using the bathroom we went to my room she started to move down my body towards my dick and as she leaned towards it she said is it just me or you happy to see me so I was starting to take off her shirt at this pint to unveil the greatest tits I have ever seen as I was doing this she taking of her pants to show these pink panties that were soaked in her juices she took them off and I started to sniff them it was a great smell.
I turned her around so her ass was facing me and started to lick her pink ass hole and then she farted and it smelled so great so I asked her if she would fart on my dick she asked why I said because it would feel good.
So she did that her asshole was really tight I thought she was going to die but she started to moan instead so I asked her if she would fart for me she did it was a great vibration
of her gas on my dick so I had a great orgasm right there in her ass as my cum was falling out of her ass I realized it was 3:45 so I told she had to go and that we should make time for another day.
so we talked at school and she told me that her mom was going over to the united states for thanksgiving with her grandmother and that she didn't have to go so she would be free for the weekend so I told her I would come over at 1pm because I didn't have to be home till 4pm.
so I went over there at one and she was wearing a robe and she took it of the second I got in the door and slid down to my dick and started to suck it while I got right sprung and she started to gag then she laid on her back and opened her legs so I helped my self and got this great sensation her pussy was so wet and warm and great feeling I keep going in and out faster and faster till I though I was going to collapse but still keep going jasmine was moaning very loud and keep screaming fuck me harder deeper and I didn't even notice that I had popped her cherry she started to cum and so did I we both had a great intense orgasm together but we weren't done yet my dick harden right back and got ready for combat I moved towards her ass like I did the day before and stuck my dick in there she was staring to have a orgasm as I fucked her ass she told me to go as fast as I could so I did with me hitting my climax the next minute and then we cleaned up and she said that she was happy that I helped her with goal of losing her virginity that she wanted to help me with something………..
if this was liked i will post more and all trademarks and copywrites are to me the author so if this is reposted i will know this is also a origianal story i dint copy it from nobody so plz comment weather it is good or bad thanks.
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18 comments
anonymous reader
2013-04-09 22:42:03
This story is so fake!
anonymous reader
2011-12-31 21:29:40
that was a long sentence
anonymous reader
2011-12-31 16:21:43
This storie was so fucked up lol My Cock started Crying
Now you never told us about you !
Are you English, Africain ?
P.S. Go get laid at lest Three times befor trying to write about Sex
anonymous reader
2011-02-25 23:23:25
i love the lack of punctuation. it makes it super easy to read. oh wait...
Anonymous reader
2009-07-21 17:08:20
reread your story, there are different names
You are not logged in.
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Dr. Sunil K Ghuge
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Submit Feedback
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Your feedback matters!Feed
Let's all break the taboo against psychiatry and accept it as any other field of Medicine. Let's all join and raise awareness and spread the message "Dignity in mental health" and treat people suffering from such illness with respect.
Join hands, help break the taboo.
Let me clear some common misconceptions we have about psychiatry today:
- People suffering from mental illness are not "mentally disturbed" there are different kinds of problems and we should stop labelling them.
- Psychiatric medications are NOT addictive!
- You are "NOT WEAK" if you seek help of psychiatrist. In fact you are mentally strong and mature enough to understand you have a problem and will do what is right to solve it rather than running away from and issue
- Illness is not under patients control it is not all In their head!
- Hypertension and diabetes are all long term illnesses we take medications for that them, then why not for depression and other psychiatric illnesses?
- This is just an imbalance of neurochemicals, just treat it and lead a peaceful life.
- Psychiatric illnesses are treatable.
Hope this helps and clears some doubts lingering in our minds.
Healthy eating is not about strict dietary limitations, staying unrealistically thin, or depriving yourself of the foods you love. Rather, its about feeling great, having more energy, improving your health, stabilising your mood. If you feel overwhelmed by all the conflicting nutrition and diet advice out there, you're not alone. It seems that for every expert who tells you a certain food is good for you, you'll find another saying exactly the opposite.
What you can do:
1. learn how your diet affects your mental as well as your physical health
2. set yourself up for success by making changes gradually
3. don't think of food as" off limits"
4. reduce your portion sizes -and fill up with more fruit and veg
5. learn to spot hidden sugar in your food and avoid it
6. differentiate between healthy and unhealthy fats
7. find out how fiber intake can fill you and help lose weight
8. drinking plenty of water and keeping well hydrated
We all know that eating right can help you maintain a healthy weight and avoid certain health problems. Studies have linked eating a typical western diet filled with processed meats, packaged meals, takeout food and sugary snacks with higher rates of depression, stress, bipolar disorders and anxiety. Eating an unhealthy diet may even play role in development if mental health disorders such as alzheimer's disease and schizophrenia or an increased risk of suicide in young people.
Instead if emphasising one nutrient, we need to move to food based recommendations. What we eat should be whole, minimally processed, nutritious food as close to its natural form as possible.
- Eat breakfast and eat smaller meals throughout the day
- Avoid eating late at night
- Cut back on sugar
- Moderation and not feeling stuffed is the key to a healthy diet
- We need a balance of proteins, fat, fiber, carbohydrates, vitamins and minerals to sustain a healthy body.
If you've sworn off some of your favourite foods for fear that they are harming your health, take heart research shows that some of that foods we thought were unhealthy can actually be good for you
1 eggs make your cholesterol go up
Studies indicate that fat in eggs is mostly polyunsaturated and monounsaturated and the yolk is an excellent source of the antioxidant lutein, which can lower certain inflammatory responses in the body. Eggs easily fit into a healthy lifestyle, so enjoy an omelet for breakfast and see how satisfied you are the rest if the day.
2 drinking juice is healthy
Research shows juice is pretty much the same as sugar water, minus the fiber that helps stabilise your blood sugar when eating a fruit. Skip the juice and eat a few pieces of fruit per day ti improve your health
3 green tea does it help to lose fat
Green tea is more than just hot, flavoured water. A cup of green tea may contain much less caffeine (24-40mgs) than a cup of coffee. Caffeine is a well known stimulant, has been known to aid fat burning and improve exercise performance. It contains massive range of antioxidants called catechins, that can boost metabolism and may help in burning fat.
4 dies drinking red wine protect your heart
Red wine contains high level of a phytochemical called resreratrol, which acts as an antioxidant and reduces inflammation, may slow ageing process.
Alcohol in wine raises hdl ('good') cholesterol and seems to make blood less likely to clot. No more than a drink for women or two drinks for men may offer some benefits and probably can't hurt
5 is it scientifically true that you should not drink milk after eating fish, as it may cause a skin disorder
Fish with milk has no scientifically or medically established connection to leucoderma or vitiligo. This notion has been explored and the question was scientifically laid to rest years ago
Liposuction removes fat from your body using suction. During liposuction, small, thin, blunt-tipped tubes (cannula) are inserted through tiny cuts in the skin. Fat is suctioned out through these tubes as the doctor moves the tubes around under the skin to target specific fat deposits.
In recent years, improved techniques have made liposuction safer, easier, and less painful. These newer techniques include:
Tumescent liposuction. A local anesthetic is used to numb the area of your body where the tube will be inserted.
Ultrasound assisted liposuction. This technique uses ultrasound to liquefy the fat, which makes it easier to remove. This technique may be particularly helpful in removing fat from the neck, upper abdomen, sides, and back.
Laser-assisted liposuction. This technique uses low-energy waves to liquefy the fat, which is removed through a small cannula.
Liposuction is usually done as an outpatient procedure in a properly equipped doctor's office, ambulatory surgery center, or hospital. In general, it does not require an overnight hospital stay unless a large volume of fat is being removed. Local anesthesia is used in some cases. And you may or may not be given a sedative to help you relax. If a large area or volume of fat is being treated, general anesthesia or deep sedation with a local anesthetic may be used.
Vaginal yeast infection is a common fungal infection of the genitals. It causes inflammation, irritation, itching, and vaginal discharge. It most commonly affects women, but men can get it too.
Tips to Cure a Yeast Infection:
1) Drink plenty of water.
2) Eat yogurts daily.
3) Choose cotton and loose underwear.
4) Sleep well.
5) Change clothes after workouts.
6) Include garlic preparing meals.
7) Eat food rich in Vitamin C e.g. kiwi, oranges, etc.
8) Avoid tight-fitting jeans and pants.
9) Avoid wearing synthetic, tight fitting cloths and underwear.
10) Don't eat sugary products e.g. candies, sweets etc.
11) Avoid taking stress.


text:
Obama proposes brain mapping project
2 April 2013 Last updated at 22:39 BST
US President Barack Obama has unveiled a new initiative to map the brain.
Speaking at the White House, he announced an initial $100m investment to shed light on how the brain works and provide insight into diseases such as Alzheimer's and epilepsy.
President Obama said understanding what he called "the three pounds of matter that sits between our ears" was on a par with the human genome project.


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Achilles Tendon Injury: Physical Therapy and RehabTopic OverviewRehabilitation (rehab) and/or physical therapy are the usual treatment for an Achilles tendon injury. For Achilles tendinopathy, physical therapy can decrease your pain and allow you to gradually return to your normal activities. For an Achilles tendon rupture, a rehab program after surgery to repair the rupture can strengthen the tendon and help the tendon heal. This program typically includes physical therapy. Physical therapyPhysical therapy is the treatment of a disease or condition by physical or mechanical means, such as through exercise or heat. A physical therapist provides these treatments and will also provide education, instruction, and support for recovery. For an Achilles tendon injury, the following are often used:
RehabilitationRehabilitation for an Achilles tendon rupture helps you regain strength and flexibility in the tendon and leg. You can do it at home or in a gym. Your doctor or physical therapist will design a program for you that considers your normal level of activity, your physical fitness, and the extent of injury to the Achilles tendon. You will likely need rehab after an Achilles tendon injury regardless of whether you have surgery. Your rehab program may include:
Recovery differs among people and depends on how severe the tendon injury is and whether you complete your program. Dedicating time and energy to your rehab program will speed your recovery and help prevent future injury. eMedicineHealth Medical Reference from Healthwise This information does not replace the advice of a doctor. Healthwise disclaims any warranty or liability for your use of this information. Your use of this information means that you agree to the Terms of Use. How this information was developed to help you make better health decisions. To learn more visit Healthwise.org © 1995-2014 Healthwise, Incorporated. Healthwise, Healthwise for every health decision, and the Healthwise logo are trademarks of Healthwise, Incorporated. |


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When the constitutionality of the Affordable Care Act was under debate in the Supreme Court last year, Justice Samuel Alito highlighted a problem with Obamacare that could ultimately jeopardize the entire viability of the system of insurance exchanges. He pointed out that young, healthy adults currently spend an average of $854 a year on healthcare. However, Obamacare would require them to purchase insurance policies expected to cost roughly $5,800. These added costs do not stem from additional "services that they are going to consume," he stated. "The mandate is forcing these people to provide a huge subsidy to the insurance companies . . . to subsidize services that will be received by somebody else."
These young, healthy adults are "exactly the type of person insurance plans, states and the federal government are counting on to make health reform work," as the Los Angeles Times reported earlier this month. But, since young people will be required to enormously increase their healthcare outlays, the challenge for the successful implementation of the new exchanges is enticing healthly, cheap-to-insure adults to sign up for Obamacare; their participation is critical to balance out older, sicker patients more likely to sign up for health insurance as soon as possible and receive subsidies.
Don't Miss: GAO: Obamacare Exchanges May Not Be Ready By Deadline


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TPM Livewire
Mika Brzezinski Believes Friend Chris Christie Handled His Crisis Much Better Than Obama (VIDEO)
Brzezinski chatted with the New Jersey governor over the phone after his marathon press conference, and reported back on "Morning Joe" that Christie is — as he said repeatedly at the presser — "really sad" about the scandal swirling around his office. But Christie was on such a mission, Brzezinski said Friday, that he didn't even realize he faced the music for nearly two-hours.
"He said that when he got off the podium he did not know how much time had gone by 'cause he was gonna answer every question, nothing to hide, some things he can't answer until he knows more but he wanted to put himself out there," she said, adding that the "New York reporters" at the press conference did not "coddle" Christie.
Normally an Obama defender, Brzezinski said the presser trumped the President's response to last year's scandal surrounding the Internal Revenue Service.
"Obama said he didn't know about it, but he didn't do what Chris Christie did," Brzezinski said. "Which was say, 'But I'm responsible, and I don't know what I did in my office, and I've got to do a lot of soul-searching to figure out why people felt they could do this. I thought that was extremely —"
"Have you ever heard Barack Obama say that?" host Joe Scarborough chimed in.
Scarborough and company haven't downplayed the political implications for Christie in the bridge scandal, but they've continued to treat him like a friend.
Scarborough said Thursday that he's willing to give Christie the benefit of the doubt. On Friday, he did his best to flip the story around on Obama.
"Is this as bad as the IRS scandal that Barack Obama basically just sort of brushed off?" Scarborough asked.
The comparison to the IRS ordeal makes little sense. Both liberal and conservative groups were improperly flagged by the agency and, as some have pointed out, the comparison would be more appropriate had Christie officials also ordered lane closures near cities led by mayors who supported him. Not to mention that one of Christie's closest aides is at the center of the bridge scandal. There's no evidence that Obama was that close to the IRS targeting.


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the main reason for me watching was to see the train-wreck unfold before my ears... Read More »
Home / Author Archives: maxholloway
Why the World Needs to Change Its Attitude Towards Sunscreen
The dangers of UV radiation are greater than you think. Read More »
Hopping on the Bandstand with the 1-4-5's
Jumping on stage with a blues band; jazz begins its comeback tour! Read More »


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Wynn Resorts (NASDAQ:WYNN) announced on Monday that the Nevada Gaming Control Board had declared allegations regarding an improper donation to a Chinese organization made by Wynn director Kazuo Okada "unfounded."
Last year, Okada sued Wynn, demanding that the company disclose records relating to its donation to the University of Macau Development Foundation, the Las Vegas Review-Journal noted.
Wynn acquired Okada's 20% stake in the company after an investigation determined that he had improperly bribed gaming regulators in the Phillipines. A former co-founder of Wynn Resorts, Okada had been its largest shareholder.
The casino operator plans to oust Okada from its board during a special meeting this month. Okada and Steve Wynn, the company's CEO, have exchanged accusations for more than a year.
In a statement, Wynn Resorts called Okada's accusations about the donation "baseless" and said Okada was an "unsuitable" person to sit on the company's board.
Last year, Wynn Resorts announced that it would build a 2,000-room luxury hotel with 10 restaurants, a myriad of high-end retail boutiques, spas, a night club and, of course, 500 tables for gambling in Macau, its second hotel there.
Shares of Wynn Resorts rose almost 1% in Monday midday trading.


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Business Environment
The government approved a law in 1999 that would accelerate privatization plans, covering the sale of stakes in more than 100 companies. The government in the summer of 1999 sought an advisor to help with privatizing the state telecommunications company, Ittisalat al Maghrib. In the first round, between 20 percent and 30 percent of the company will be sold. The country's airlines, the Royal Moroccan Airlines, is also to be opened to the private sector as is the Public Bank.
Morocco was one of the Middle East's first countries to begin a privatization program. In 1989, a law was passed calling for the privatization of 112 firms by the end of 1995. The law was amended in 1994 to add two more firms and extend the deadline to 1998. By mid-1998, some or all of its stakes in 34 firms and 18 hotels had been sold.
More recently, the Moroccan parliament passed a privatization law intended to accelerate the sale of state-owned enterprises. The approved legislation calls for the sale of stakes in more than 100 companies, including the telecom utility, Ittsalat al-Maghrib.
Morocco boasts what many have termed the Arab world's most ambitious privatization program, with 112 firms worth US$ 2 billion mandated for sale by mid-1996. As a result of a rough economic performance in 1995, however, the government raised less than half the US$ 400 million that had been forecast from selling state-owned assets that year.
Stock Exchange
In the beginning of 2000, the Casablanca Stock Exchange will move action from the trading floor to the computer, allowing brokers anywhere to trade directly in the Moroccan market. There are 55 companies and 84 mutual funds traded on the Casablanca exchange, with daily volume running at about $10 million. This relatively small capitalization makes this exchange unattractive for big investors. In May 1998, the volume of transactions reached DH 18.1 billion versus DH 27.6 billion a year earlier. During that same period the market capitalization dropped from DH 148.3 billion to 134.3 billion.
While the exchange performed relatively well, particularly before the Asian crisis in 1998, it has slumped since. One of the biggest issues facing the exchange is convincing more local companies to go public. Many, however, are family owned and resist making their finances available.
Major Projects
Telecommunications:In 1997, parliament adopted a new telecommunications law that has transformed the industry. The law divided the "ONPT" monopoly into two independent entities: "Ittissalat Al Maghrib,'' the telecommunications operator, and "Barid Al Maghrib,'' the postal service operator. Furthermore, the law opened the way for private firms -- local and foreign -- to compete in telecommunications.
Today, the telecommunications market is growing rapidly. The government has sought to increase the number of main lines to 2 million to a teledensity of 10 percent. The government also wants to install fiber optic inter-urban networks connecting most major cities and extending telecommunications services to 1,600 rural locations, possibly with a fixed wireless technology.
Mobile phone use is also rapidly growing. The number of users is expected to grow at an annual rate of 16 percent, from the current 15,000 to 6 million by the end of 2014. In July 1999, the government awarded a $1.1 billion contract to Medi Telecom-Telefonic of Spain to operate the country's second mobile telephone system.
Power Generation:
The National Office of Electricity (ONE) has launched a program to meet growing electricity demand and to bring electricity to rural areas. The office is using solar power to electrify the most remote areas, where approximately 40,000 villages are without basic water and electrical services.
Roads & Highways:
Approximately 60,000 km of roads covers Morocco, reaching all parts. The government plans to add an additional 1,000 kilometers of 4-lane highways by 2004 to reduce congestion and improve safety. The number of cars on the road and traffic has been increasing. In 1995, there were 1.4 million registered motor vehicles, with that number growing by 6 percent a year.
The Office National des Chemins de Fer (ONCEF) is planning two major projects. The first is 120 km of new tracks from Taourirt to Nador. The second 1,000 kilometers of new tracks form Marrakech to Laayoune.
The franchising market is expected to grow at an annual average rate of 30-50 percent during the next 4 years. Opportunities exist in fast food, hotels and motels, auto repair, toys, convenience stores, dry cleaning, printing and business equipment and services.
In 1992, Pizza Hut became the first franchise to open in Morocco. Most franchises are in fast food, clothing, furniture and cosmetics.
In addition to McDonald's and four Pizza Huts, which have had successful openings in Morocco, Dairy Queen has opened a restaurant in Rabat. A Moroccan franchisee has signed a contract with Subway Sandwiches. There appears to be an ample market for additional fast food chains. Hotels and motels, automotive parts and services, dry cleaning business equipment and services offer additional franchising opportunities in Morocco.
© 2000 Mena Report (www.menareport.com)
Top Headlines
- UOWD launches Certificate in Business Management (CBM) in response to current challenging business environment
- Pizza Hut reinvents the wheel with new P'Zone 'on the run' pizza sandwich
- Dubai Chamber's International Business Network helps promote Dubai's investment environment
- Dubai Chamber promotes the emirate's business environment at International Trade Fair in Addis Ababa
- New UAE bankruptcy law will make business environment more investor-friendly


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MIAMI — The alligator has some foreign competition at the top of the Everglades food chain, and the results of the struggle are horror-movie messy.
A 13-foot Burmese python recently burst after it apparently tried to swallow a live, six-foot alligator whole, authorities said.
The incident has heightened biologists' fears that the nonnative snakes could threaten a host of other animal species in the Everglades.
"It means nothing in the Everglades is safe from pythons, a top-down predator," said Frank Mazzotti, a University of Florida wildlife professor.
Over the years, many pythons have been abandoned in the Everglades by pet owners.
The gory evidence of the latest gator-python encounter — the fourth documented in the past three years — was discovered and photographed last week by a helicopter pilot and wildlife researcher.
The snake was found with the gator's hindquarters protruding from its midsection. Mazzotti said the alligator may have clawed at the python's stomach as the snake tried to digest it.
In previous incidents, the alligator won or the battle was an apparent draw.
"There had been some hope that alligators can control Burmese pythons," Mazzotti said. "This indicates to me it's going to be an even draw. Sometimes alligators are going to win and sometimes the python will win."
It is unknown how many pythons are competing with the thousands of alligators in the Everglades, but at least 150 have been captured in the past two years, said Joe Wasilewski, a wildlife biologist and crocodile tracker.
Pythons could threaten many smaller species that conservationists are trying to protect, including other reptiles, otters, squirrels, woodstorks and sparrows, Mazzotti said.
Wasilewski said a 10- or 20-foot python also could pose a risk to an unwary human, especially a child. He added, however, "I don't think this is an imminent threat. This is not a 'Be afraid, be very afraid' situation."
Copyright 2005 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


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30 December 2012
18 May 2013 Last updated at 14:45 BST
Moscow's Vnukovo Airport was temporarily closed after a Boeing 737 plane carrying about 140 people caught fire upon landing,
Emergency crews rushed to the scene and quickly managed to bring the flames under control.
Video footage showed passengers fleeing the plane on chutes, while others were forced to jump off the wings.
The aircraft had travelled from the southern Russian city of Stavropol. There were no reports of any injuries.


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South Early Winters Spire Climber's Log
[ Sign the Climber's Log ]
alpinerack | Awesome! Date Climbed: May 6, 2007 | |
Great weather and great partners. High snow year and early season, no chockstone! Used pickets, stoppers and a couple cams. | ||
Posted May 10, 2007 2:17 am |
thundercloud | South Arete Date Climbed: Sep 4, 2004 | |
Nice fun and easy climb. Snow spit at the start, but weather held on enough for enjoyable afternoon. | ||
Posted Mar 13, 2007 8:22 pm |
rpc | 3 routes | |
Route Climbed: SW Rib. Date Climbed: 9/9/07 An OK route. As Martin mentions, ledgy with good climbing consisting of "short bursts" here and there. Also, Martin's suggestion of linking works well - did it in about 5 pitches (could've cut down one more I think). Nice day & hence 2 parties ahead of us (& more on descent). Route Climbed: DEB. Date Climbed: 9/30/06 Shirley & I wanted to do LC but couldn't quite crawl out of sleeping bags pre-dawn (again). Nice line. Did it at about 5.9 A0 (yarded bolt ladders). Nice cracks on lower 4 pitches. Nice exposure & OK climbing on upper part (probably nicer if you free the bolt ladders). As always, transitioning from aid to free mid-pitch is a bitch. Cold when in shade. I liked East Face of Lex and even East FAce of Minuteman better than this one. Route Climbed: South Arete. Date Climbed: 10/12/02 My wife, our friend J. and I did the climb together. Perfect weather on this sunny side of the mountain. Very easy rock - the only interesting part was at the very beginning and even that was not harder than 5.5. Ran into only one more climber (soloing) from Methow. Saw a party rapping off the Liberty Bell. | ||
Posted Oct 2, 2006 9:04 pm |
osatrik | South Arete | |
Probably the most fun multi-pitch rock route I've done. My OSAT rock-jock buddies took me up this, and let me lead the slab crossing on the descent. | ||
Posted Aug 25, 2006 6:33 am |
emilie | South Arete Date Climbed: Jun 28, 2006 | |
My first time in the Eastern Cascades and first time alpine rock climbing. Will be back for more! | ||
Posted Jul 31, 2006 5:53 pm |
Norman | SEWS Date Climbed: Jul 29, 2006 | |
My son and I returned this year to complete the Fall attempt last year. We had excellent weather. No one else climbing the South Arete this day. | ||
Posted Jul 31, 2006 3:32 am |
missadventure | Route Climbed: South Arete Date Climbed: july 9 2001 | |
what a sweet climb! | ||
Posted Feb 10, 2006 12:26 am |
danman3156 | Route Climbed: South Arete Date Climbed: August 12 2004 | |
Fun route, not too hard but it was perfect for my technical alpine climb. | ||
Posted Jan 18, 2006 9:03 pm |
setrent | Route Climbed: Southwest Rib Date Climbed: 16 Aug, 2004 | |
A great climb in Washington Pass. Needed the two #4 Camalots. Would make the direct start next time. | ||
Posted Dec 26, 2005 10:07 pm |
Norman | Route Climbed: South Arete Date Climbed: 10/1/05 | |
Hoping to get in a Fall climb, but only started the route. Snow, some ice made us back off. Rock was very cold and our hands got numb quickly. Hope to do the whole route in better weather. There was no one else around. Beautiful place. | ||
Posted Oct 2, 2005 8:19 pm |
rcook1 | Route Climbed: South Arete Date Climbed: July 2005 | |
excellent 360 degree views at the top, mountain goats fought over my urine | ||
Posted Jul 19, 2005 7:45 pm |
lidijagrazulis | Route Climbed: South Arete Date Climbed: July 10, 2005 | |
My first climb in the North Cascades! Great sticky rock, fun moves (especially the traverse on the whaleback), and gorgeous scenery added up to a great day. We got to the summit just before it started sprinkling, but then dried up 'til just before we got back to our cars. 5-star climb! | ||
Posted Jul 11, 2005 11:43 am |
willow | Route Climbed: Southwest Buttress Date Climbed: 11 June 2005 | |
Very fun route. A bit cold - climbed through the clouds with wet snow falling and then hail, but it gave the experience a nice mountain ambiance. Recommend it! | ||
Posted Jun 13, 2005 1:16 pm |
Blakester | Route Climbed: Southwest Buttress Date Climbed: May 28 2005 | |
Warm and beautiful weather. Bring a couple big cams for the offwidths. Start just to the left of the two-topped Larch. | ||
Posted May 31, 2005 3:27 am |
esugi | Route Climbed: SW Couloir Date Climbed: 4/25/05 | |
Climbed with Gunner below. Second time on this route this year. Made for great outing (except for post holing) with short approach and fun route. Had the entire route to ourselves. | ||
Posted Apr 29, 2005 1:37 am |
gunnersmith | Route Climbed: SW Couloir Date Climbed: 4/25/05 | |
We desperately needed snowshoes, as we punched through hip deep most of the way to the route. Once there, the route was quite nice. Crampons were necessary. There was plenty of snow in the couloir, but is is melting fast. Be careful of the cornice once you exit the couloir and begin the scramble. I loved this climb. | ||
Posted Apr 26, 2005 10:28 pm |
Norman | Route Climbed: Southwest Couloir Date Climbed: 4/23/05 | |
Great climb! We left Blue Lake Trailhead 8:00AM, summit by noon. Warm and sunny, with fantastic views. Only one other group ahead of us, so no line ups in the Couloir. Snow was soft and deep enough for us to use snowshoes on the approach. Couloir had snow almost to the summit , but melting fast. Some of us used crampons in the Couloir, optional on this day. Thanks to Summitpost for good beta on this route. | ||
Posted Apr 25, 2005 12:22 am |
Dan Winter | Route Climbed: South Arete Date Climbed: 6/15/02 | |
I loved this climb. Approached via the hairpin turn parking area. Saw lots of goats that tried to kick rocks down on us! Glissaded back down almost all the way to the car. | ||
Posted Mar 25, 2005 2:42 am |
esugi | Route Climbed: Southwest Couloir Date Climbed: March 13, 2005 | |
Started from the trailhead at 6:15am. Very cold early but quickly warmed up. Reached the summit in total of 4 hours. Not much snow in the couloir due to low snow year. Few places of hard ice. Used pickets, screws, nuts, 2nd tool. Route will not be "in" very long this season so go out and do it now!! | ||
Posted Mar 14, 2005 1:03 am |
Chinese Rock | Route Climbed: South Ridge Date Climbed: May 31, 2004 | |
I climbed this fun route with Tom Fralich (see his post below). | ||
Posted Feb 24, 2005 3:21 am |


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Chang'E 2 imaging of Toutatis succeeded beyond my expectations!
Posted by Emily Lakdawalla
Topics: near-Earth asteroids, pretty pictures, asteroids, asteroid 4179 Toutatis, Chang'E program, global views
The Chang'E 2 mission flyby of Toutatis succeeded in acquiring images. Oh my goodness, did they succeed. This is awesome.
The images are much better than I expected them to be. There are also many more of them than I expected. I look forward to learning more about how they were acquired!
These, in combination with the incredible radar images still being acquired from Goldstone and innumerable optical observations, make Toutatis one of the best-studied asteroids in the solar system.
I'll have more to write about this in the future, but I wanted to share the news as soon as I heard it! Today, we need good news.
Here is a CCTV report on the encounter -- in Chinese, obviously, so all I get is "Chang-E," but the images in it are cool.
Many thanks to users yaohua2000 and Cosmic Penguin at unmannedspaceflight.com for bringing this to Western attention! Yaohua2000 also provided the following summary of the encounter:
Relative speed at 10.73 km/s
Closest flyby at 3.2 km altitude
Sequence (local time):
• Dec13 15:25 Return solar panels to 180 degrees
• Dec13 15:30 Switch to inertial altitude control
• Dec13 15:45 Switch to star orientation 10
• Dec13 15:48 Switch to star orientation 2
• Dec13 16:20 Solar panel monitoring camera power up
• Dec13 16:30 Closest flyby
• Dec13 16:45 Solar panel monitoring camera power down
Attached image: captured at 93–240 km distance between 16:30:09–16:30:24, maximum resolution 10 meters/pixel
Other related posts:
Or read more blog entries about: near-Earth asteroids, pretty pictures, asteroids, asteroid 4179 Toutatis, Chang'E program, global views
Guillermo Abramson: 12/14/2012 06:28 CST
Keith Hearn: 12/14/2012 07:18 CST
Ethan Walker: 12/14/2012 09:01 CST
Andrey Mezentsev: 12/14/2012 09:10 CST
Emily Lakdawalla: 12/15/2012 09:02 CST
Mark Adler: 12/15/2012 10:12 CST
RanJones: 12/16/2012 07:42 CST
pigi.cn: 12/16/2012 10:20 CST
pigi.cn: 12/16/2012 10:20 CST
ghh1: 12/16/2012 08:52 CST
Bob Ware: 12/16/2012 09:40 CST
Bob Ware: 12/16/2012 09:47 CST
JimOberg: 12/17/2012 10:41 CST
Starmon: 12/17/2012 01:26 CST
Jim Gordon: 12/17/2012 10:21 CST
Starmon: 12/17/2012 11:16 CST
Jeff Rabb: 12/26/2012 02:38 CST
Jim O: 01/07/2013 11:27 CST
Emily Lakdawalla: 01/09/2013 02:29 CST
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Thursday, June 28, 2012
A New Chapter
Hi everyone! Paula here...
I am finally back from one of my favorite places on earth, Australia! What a wonderful experience teaching and spending time with friends...(more on that later in the week). Thanks to Sande for guest blogging while I was away. Sande always steps up whenever we need help here at One Lucky Day and we can't thank her enough.
With that being said, I have a secret I've been keeping and it's finally time to share it...
About a month ago I made the decision to resign from the 7gypsies design team.
Hard to believe it has been 7 years since Deb asked me to create a project for the CHA show booth! What great thanks I owe her for that opportunity because it opened the first of many doors, from teaching, creating the 7gypsies show booth, and product design.
As you know, when something ends, it creates room for something new. That something new came in the form an email from a friend. When I read it, I knew it might just be my "Lucky Day". Seriously better than the first parking space at Target.
(insert drum roll here)
I have accepted a job to work with Tim (and Mario) as Creative Coordinator for Tim Holtz Brands.
I know...pinch me...what a opportunity, right?
The Lucky Day opportunity doesn't end there. Tim also invited Debbie to be part of the team, so we will be going into this new adventure together.
Now rest assured, the gypsy girls are not going anywhere...you'll still find us here at One Lucky Day, blogging about good junk, introducing new products and creating inspiring projects. We're excited to turn the page and see what's in store in the next chapter of the journey. It's all about the journey, right?
For those of you going to CHA Summer in just a few short weeks, you will find us in the Idea-ology booth #323...so be sure to stop by and say Hi!
We'll be the girls (and I use that term loosely) with the big smiles.
130 comments:
Congratulations Paula and Debbie, I know you are going to rock this position!! Wishing I could stop by the booth and give you a big hug to congratulate you in person, but a wedding bid for my attention this summer and won out - LOL! SO glad we will be able to continue to see your beautiful work!!
ReplyDeleteWell of course I am Happy for you both at this wonderful opportunity but I am also SAD! I love your blog! I check it every day and your creations are so marvelous, Sigh.... It's hard to find inspiration that is close to my outlook.
But cheers to you both!!!!!!!! Somehow I'll survive!
THanks Paula and Deb!Wow, it's indeed a lucky day for you. As long you two don't quit blogging and showing your awesome inspirations here, it will be my lucky day too. I was at first shocked thinking that I only discovered your blog 2 months ago and you are leaving me now. Thank God you are not. Working with Tim...hmmm...what a fantastic opportunity! Luck comes to those who believe in it and work hard!


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Connolly And Kessel's Balloon
by Mike Ulmer / Toronto Maple LeafsIn his fantastic documentary 'Baseball', Ken Burns stumbled across Buck O'Neil, a great ballplayer and a greater man locked out of the major leagues by his pigmentation.
"You came around at the wrong time," people would say. But Buck knew Cab Calloway and Satchel Paige and had seen most everything a man could see.
"Nope," he would answer. "I was right on time."
There is a little something of arriving right on time in the story of Tim Connolly who will take his first meaningful stride with the Maple Leafs, Thursday in New York after losing eight games to an upper body injury. Ron Wilson said so in his post-game interview Monday.
Connolly finds the Leafs sitting on a handsome 5-2-1 record. He has missed plenty: a superb start from Phil Kessel and Dion Phaneuf, Matt Lombardi's early return to the lineup, more solid work from James Reimer and the startling talent and poise displayed by rookie defenceman Jake Gardiner.
In the words of the great television pitchman Ron Popeil, "but wait there's more. " I say great because anyone who invents the Vega-Matic and then coins the phrase "slices a tomato so thin, it only has one side," has a place in the Ulmer Hall of Fame. But I digress.
Connolly has missed the arrival of David Steckel, the Pharoah of the Face Off, Diety of the Dot and Sultan of the Circle.
Kessel's league-leading nine goals and 15 points are all the more impressive when you consider the succession of centremen Wilson has dropped onto his line: Lombardi, Steckel, Tyler Bozak and for a short time in Philly, Nazem Kadri. That Kessel is so hot right now.
Bozak has been the best of the bunch but if the first 10 per cent of the campaign proves anything, it's that despite some substantial help from Joffrey Lupul, Kessel is thriving because of the soundness of his 200-foot-game, not because he is the recipient of room-service saucer passes. Okay, that's good.
The question of whether the Grabovski line or the reunited Connolly line is the go-too unit has been rendered moot by the middling play of Grabovski's wingers Nikolai Kulemin (two goals) and Clarke MacArthur (none). The chemistry between the three was jolted by MacArthur's two-game suspension and it has yet to be rekindled. The penalty killing and power play units have been stabilized but neither is in the top 10.
Connolly has been skating since September 29. He stepped on a stick in practice and slammed into the end boards. It was a fluke injury and Connolly, perhaps to the annoyance of Wilson, has taken his time, presumably to return to the lineup at 100 per cent. It has also opened Connolly up to online critics (are there any other kind?) who point to 85 games lost to injury over the last four years as evidence of an inherent, irreparable fragility.
Don't know about his Buffalo days but can't see much wrong in a guy wanting to be sound before initiating his season. I think I'll wait to see how he faces the same level of injury in March before making up my mind.
The Leafs could use some stability on their lines. They need to make up their mind on who they like on the third unit, Lombardi or Bozak who will also be back against the Rangers.
If Bozak is the third-line guy, they will be obliged to shift Lombardi from centre to wing as he continues what will be an arduous road to re-assemble his game. That will last as long as it takes for Colby Armstrong to return from an ankle injury.
Say hello to the Marlies, Nazem Kadri. Kadri has been allotted an average of about 13 minutes of ice time over his three games. That's not a ton but he hasn't distinguished himself. It's just not his time yet.
Connolly's absence has been papered over by the Leafs quick start. What's interesting here is that Connolly's job description has changed over the course of his injury.
The Leafs don't need Connolly to kick-start Kessel. If anything it will likely be the other way around.
They can certainly use Connolly on the power play but Steckel's penalty killing work has made Connolly largely redundant when the Leafs are a man down.
Welcome Tim Connolly. Because you were never here, it seems like you've never been gone. You will return to surprisingly modest expectations. For now, all you need do is tie a string to Kessel's balloon.


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Lear LCM-5
" Introduction LEAR (an acronym of "Listen & Learn Everything. Acoustic & Audio Revolution) is a Hong-Kong based audio-products manufacturer founded in 2008 (which has recently also opened an HQ in Japan). The company makes portable headphone amplifiers, some different types of cables and adapters and also custom-fit in-ear-monitors ("CIEMs"), but in the past, they've also made..." --ItsMeHere
Lear LCM-2B
" Lear LCM-2B (all pictures can be clicked to open full sized version) Custom IEMs these days come in all shapes and sizes. With literally dozens of manufacturers out there, one can choose from any number of configurations – acrylic or silicone, full shell or canal-sized, armature or dynamic driver (or combination of the two), single..." --project86
Starkey HF-2
" Check out the thread & review here as well: http://www.head-fi.org/t/604971/the-starkey-hf-2-thread-affordable-custom-iem-for-your-phone Intro Not long ago Starkey launched their canal-sized custom in-ear monitor HF-2. I've been lucky enough to get to review it and share my thoughts with the rest of the Head-Fi community. The Starkey HF-2 utilizes a 2-way..." --Staal
Starkey SA-43
General Info Taken From Starkey: Proprietary precision-balanced armatures Dual low, single mid, single high Integrated 3-way crossover Noise isolation -30dB Frequency response: 30-18000 Hz Input sensitivity: 104dB Impedance: 50Ohms Price: $1,048,00 + Shipping 2-year warranty on parts & labor Review: http://www.head-fi.org/forum/thread/494930/review-starkey-sa-43-jh-13-pro-jh-16-pro


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Queen Lizzy
From Grand Theft Wiki
Queen Lizzy is character mentioned in Grand Theft Auto III. She is believed to be the girlfriend or wife of Uptown Yardies leader King Courtney. She tells King Courtney that the Diablos were "dissing" her so Courtney sends Claude to slaughter many Diablos gang members.


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It's quite a delicate balance: How to keep old audiences happy and attract new ones. A conundrum the opera world must continually face and one that Peter Gelb, general manager at The Metropolitan Opera, has bravely defied by taking risks, some of which might not pay off exactly how he hoped (but in the end, I think, have made The Met a much more interesting and vital opera house). A case in point was French scenic designer Richard Peduzzi's debut at The Met in the 2009 fall season, for ...
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Full profile →'">
The author is a Forbes contributor. The opinions expressed are those of the writer.
I'm coming to have a very soft spot for Leonid Bershidsky over at . He seems, to me at least, to nicely get to the heart of the subject under discussion. However, I disagree with him slightly here on this point of adding the numbers for drugs and prostitution to GDP.
He's absolutely correct that this is all part of a European Union mandated change to how the statistics are calculated. And also that the basic idea seems to be sensible enough. The different countries have very different attitudes to various different components of the real economy and it's obviously difficult to compare things across them if different countries are including different things in their assumptions of what economic activity is.
So uniformity (especially in the eyes of the EU, where uniformity just for uniformity's sake is the ruling mantra) seems sensible enough.
However, where I disagree is here:
To remain meaningful, GDP calculations should be made less, not more inclusive. They would, of course, still be subject to the frailties of national statistical systems, but at least there would be a solid basis for comparison. Under the current rules, an increase in heroin use -- even an imagined one -- could help lower a country's borrowing cost.
With the example of heroin use one might be able to see his point. But let's take the other example under discussion, of prostitution instead.
What is it that limits the ability of a government to support a certain level of public debt? It's the ability to abstract from the larger economic activity of the society the tax revenue to pay the interest on that debt. And that depends not upon whether that economic activity is legal or illegal, but whether they can go and collect the tax on that activity. Yes, obviously, heroin dealing tends to pay very little tax. But prostitution? That depends a little more on how the tax authorities go about matters. Certainly I know that for many years HMRC (the UK's equivalent of the IRS) has run programs to contact those obviously offering themselves as escorts and prostitutes and to point out that tax is due on their incomes. They also don't cross check with police forces and the like as to whether the particular flavour of their offerings is legal or not. And anecdotally if no more there are escorts in the US who are scrupulous about making sure they pay their taxes: better to obey the IRS than the much less worrying "sin" laws in whatever location.
GDP is a measurement of the economic activity of an area or country over a period of time. So economic activity that occurs in that area during that time period should be included in it. And we should indeed judge the ability of a government to carry a debt burden by that economic activity, at least to the extent that it could theoretically tax it in order to pay the interest on that debt.
The correction will of course come in our attitude to how well respective governments will be able to collect that revenue. It might well be that we would accept that, say, the UK government will be able to collect some reasonable measure of the tax due from prostitution, on the grounds that they already do, but not some reasonable portion of that due from heroin dealing, on the grounds that they already don't. But this is also true of the already extant grey market. They are able to collect much of the tax due from self-employment in freelance writing (something I know all too well) and rather less of that from self-employed window cleaning. But we still count self-employment in freelance writing and window cleaning as part of GDP, for both are potentially taxable. So why not these other things?


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BSR E1.17, Entertainment Technology-Multipurpose Network Control Protocol Suite, the draft standard commonly called "ACN," is now available for public review through midnight February 14, 2006. The draft standard is a suite of protocols offering needed services in network management, device management, device description, and device control with reliable multi-cast transport on data networks that use the common Internet Protocols. There are 17 documents that describe various aspects of the ...
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