text:
U.S. regulators may never know what caused the recent market crash and still have not found evidence trading errors or system malfunctions triggered the brief free fall, top futures markets regulators said on Monday.
More than two weeks after the Dow Jones Industrial average lost nearly 700 points in minutes before recovering, regulators and exchange operators are still searching for answers.
"I think that's possible" that we may never know what happened on May 6, Jill Sommers, a commissioner with the Commodity Futures Trading Commission, told Reuters.
The CFTC and fellow market regulator the Securities and Exchange Commission have been forced to set aside long-standing differences over jurisdiction. For more than a year their respective chairmen have worked together on new derivatives rules and were thrust back into the spotlight after the market crash. SEC and CFTC commissioners met on Monday for the third time since the CFTC was created in the 1970s.
CFTC Commissioner Michael Dunn also said in an interview that "it's going to be difficult for us to understand totally what happened," adding it was likely several factors were responsible for the market swing.
A CFTC official told a panel exploring the crash the initial findings showed the "flash crash" was not so much the cause of a single event, but a confluence of events that led to the dislocation in liquidity.
The regulators have been analyzing the events, including links between declines in the prices of stock index products such as E-mini S&P futures contracts and the role so-called "stub quotes" played in the market crash.
Panel member Susan Phillips, dean at the George Washington University School of Business, asked what the purpose was for the quotes. The stub quotes act as a place holder for market makers when they do not have enough liquidity available to trade a stock near its recent price range.
Many of the trades that were canceled after the May 6 plunge are tied to stub quotes, which can often be as low as a penny. In some cases, many venues do not need a market maker, leading some firms to jump in to act as one, an SEC official said.
The SEC's director of trading and markets Robert Cook added that changing or even eliminating the use of stub quotes could lead to changes in market orders.
Regulators and the major exchange operators are expected to soon create a circuit breaker or mechanism that would pause trading in a individual stock if the stock was in free fall. They are still working on updating existing circuit breakers that would apply across equity and futures markets. Those trading restrictions were not triggered during the brief market crash earlier in May.
The SEC will meet on Wednesday to propose rule to improve market surveillance. Currently the dozens of market venues are supervised by exchanges and market regulators such as the SEC, CFTC and broker dealer watchdog the Financial Industry Regulatory Authority.
The investigation by regulators into the unexplained crash has been hampered by their inability to see clearly across all markets and obtain trading data from a single source.
The panel set up to advise regulators on emerging regulatory issues provided little insight into the market crash. It is made up of former and current regulators and other financial luminaries. It includes Nobel laureate economist Joseph Stiglitz and Richard Ketchum, a market regulator for more than 30 years and currently the head of Finra.
Brooksley Born, who has been praised for trying to regulate the $615 trillion over-the-counter derivatives market when she was the chairman of the CFTC, also is on the panel.


text:
[Snoop Dogg]
Sometimes I feel lost like a runaway, read over the dire
Reap while I stay gettin Richard like Pryor
Need to put the gun away cause I got priors
It's hard to stay rollin when the world full of riders
Bullet tip on fire, flyin down sunset
Motivated to win, like I ain't won yet
Think shit over? Hell naw I ain't done yet
I L-B-see y'all prayin that a G fall
Tonight it's goin down like free fall
Chevy bouncin up and down like a fuckin see-saw
Trippin off hate, no Hee-Haw
All blacks locs on the loc actin like I don't see y'all
Doing that shit to demean Dogg
But when I bring it to you, you be like "What you mean Dogg?"
Then we go back and forth, like it's ping-pong
Knowin I should just ring ya bell, ding dong!
But that's one thing about this shit partner
Every move is so watched by these rich boxers
So why should I lose all my rich sponsors?
I'm gone then you suddenly hip-hoppin?
Sheeit, sip the gin then I'm in the wind
Pop a beam like a M&M
So strong yet a nigga thin
Rappers stay sayin Slim so Shady but ain't talkin Eminem
So fuck you, him, and him
I was gangbangin befo' a nigga entered in
No facade, I went from the yard
To a three-car garage to, instant menage it's
Vintage, relentless, I mean this, I promise
No Suge, No Dre, I'da did this regardless
And thats what I'm supposed to think
Flinch at me like I'm supposed to blink
Motherfucker this Crip still, hard to swallow like a big pill
Pushin 40's still a big deal
Ponytail still swangin, hair still braided
Laker to a Clipper I won't be faded
Nigga! So buzz on that shit
Backflip back to plaque shit
Blue red white to black shit, but for the green
I send a whole motherfuckin team to clap shit
React to mack shit, problem, terrorist
Fuck this rap shit!
Shots fired
Suspect down
Request EMT immediately
This is for all of Snoop's haters who think he has gone soft by collaborting with likes of Soulja boy. Snoops reply to his haters: "Motherfucker this Crip still, hard to swallow like a big pill"

subset: commoncrawl


text:
The Narrative Scriptwriting class walks students through the process of scriptwriting. Students are taught basic story-telling and dramatic principles, writing a treatment, scene structure, different avenues and genres, and writing a script. The Narrative Scriptwriting class also introduces students to Celtx, a free program that can be used for scriptwriting, storyboarding, shotlists, and production budgets. Students are not required to have production or scriptwriting experience to take this class. Upon completion of the course, students will be able to create a narrative script for any video production, as well as use Celtx for scriptwriting on their own.
This class takes place on four consecutive Tuesdays.
Teacher's Name: Drew McCullough
Member Price: $110.00
Non-Member Price: $150.00
Register at the Denver Open Media webiste!


text:
Give us a call to get our secret deals 1-800-468-3578
Property Location
With a stay at The Sun Hot Spring & Resort in Taichung (Beitun District), you'll be close to Carton King - Dakeng and Moncoeur. This spa hotel is within the vicinity of Tanzi Sports Park and Wen Chang Temple.
Make yourself at home in one of the 81 guestrooms featuring DVD players and LCD televisions. Complimentary wireless Internet access is available to keep you connected.
Relax at the full-service spa, where you can enjoy massages. If you're looking for recreational opportunities, you'll find a steam room and a fitness center. Additional amenities at this hotel include complimentary wireless Internet access, gift shops/newsstands, and tour/ticket assistance.
Satisfy your appetite at one of the hotel's 2 restaurants.


text:
The methodology of long term investment out performance is no real secret. Studying investment gurus like Warren Buffet, Martin Whitman or Bill Miller reveals a unique consistency of methodology. Simply put all buy businesses below their estimate of intrinsic value, and all have out performed by doing so.
The problem for a beginning or intermediate skilled investor is in learning how to properly arrive at intrinsic value. Analyzing and valuing businesses is an exceedingly tough task, if it could be boiled down to a mathematical equation or model it would have been done so a long time ago and used by quants to rule the markets and out perform.
Instead simple common sense and basic math are all that are truly needed, along with an inquisitive mind and flexibility. We know empirically that out performance is inherently linked to pricing. Money is made at the time of purchase, in the price paid for the asset, and the lower the price paid the higher the potential rate of return.
There are a myriad of studies that demonstrate that the lower the price to earnings, price to sales, and price to book, the higher the rate of return is for a security. It really is that simple. Unfortunately what is not simple is an understanding of what those ratios will be in the future, and there is where the art of investing begins.
The future cash flows from a business are not necessarily predicted by its past earnings history. Looking at a business and getting a true feel for the industry, life cycle, growth potential, competition, and capital structure is sometimes a bewildering exercise. Quite frankly, average business acumen and common sense are in fact all that is needed. Gauging what to pay for a business though is hard. A lesson from Bill Miller and Warren Buffet is that there are some businesses that are worth paying a premium to own.
For example a business with rapidly growing earnings and revenues should merit a premium over a business with static revenue growth. In other words the value of a growing stream of earnings is greater than the value of a slow or no growth earnings stream. The price paid for the business is still critical, but the appropriate price to pay is certainly affected by the growth rate. The same concept of a premium can be applied to a myriad of other factors also in determining a businesses intrinsic value.
Valuation must be used within a framework of understanding the underlying business and its future prospects. What looks cheap solely on valuation metrics may well not be a bargain. Out performance is achieved by investing in businesses trading below their intrinsic value based on a thorough understanding of how to properly value that business. There in lies the art of investing and successful out performance.


text:
Table 12–8 lists the attributes for the connection-factory element in the JMS Bridge XML configuration file.
Table 12–8 connection-factory Attributes
Attribute |
Type |
Description |
connect-attempt-interval-in-seconds |
Integer |
How long to wait before each connect attempt. Default value: 5 |
connect-attempts |
Integer |
The number of attempts for connecting. The value -1 means retry forever Default value: -1 |
idle-timeout-in-seconds |
Integer |
Close a connection if it is idle for more than this long. The value 0 indicates no idle timeout. This attribute is ignored for sources and for targets and DMQs that have their stay-connected attribute set to true. Default value: 1800 |
lookup-name |
String |
JNDI lookup name. If specified, the JNDI environment properties must specified as property subelements of this connection-factory element. The object returned by the lookup must be either javax.jms.ConnectionFactory or javax.jms.XAConnectionFactory type If not specified, a default connection factory to the Message Queue broker hosting the bridge is created with the properties in the property subelements. Default value: not set |
multi-rm |
Boolean |
Set to true if this connection factory will potentially create XA connections to more than one XA resource manager (that is, XAResource.isSame() is false among them). Also, add separate connection-factory for each such resource manager so that they will be registered separately to the built-in XA transaction coordinator. Default value: false |
String |
The password for the user specified in username. Default value: not set |
ref-name |
String |
Unique name for this connection factory. Default value: no default |
username |
String |
The user name to be used to create connections from this connection factory. If this attribute is set, the password attribute must also be set. If not set, connections are created using the no-argument createConnection() method of the connection factory. Default value: not set |


text: This Horse Will Push You (and Video Games) to the LimitBrian Ashcraft8/15/12 8:01amFiled to: GtaGta IvModHumor40EditPromoteShare to KinjaToggle Conversation toolsGo to permalink Horse mods are nothing new to Grand Theft Auto. Heck, GTA: San Andreas had one. And yes, we already know that GTAIV has a horse mod. But now, let's push it to the limit. Giddy up! Reply40 repliesLeave a reply


text:
From May 9th-10th, St. Vincent's hosted a medical camp at our nursery school site in coordination with Chamberlain College of Nursing (from Chicago, IL). Fifteen medical and nursing students attended to over 600 people who received medical services in the two days, including medical check-ups, VCT (voluntary counseling and testing for HIV), dental and eye examinations. Through this collaboration, St. Vincent's students, their parents and other community members benefited as they were treated and received drugs free of charge. The event was such a great success that we hope to host a second similar event in September.
****Other St. Vincent's News****
Nursery School Welcomes New Head Teacher
This term, the Nursery School welcomed a new Head Teacher. Jean Juma is a previous member of St. Vincent de Paul Society and has spent the last eight years working in Sudan and Somalia teaching in refugee camps.
St. Vincent's Increases Food Support to Families Affected by HIV/AIDS
Skyrocketing food prices in recent months have greatly affected many of our nursery school children and their families. Currently, many families have been forced to survive on one meal a day. Children often cry in the morning, and when asked if they have eaten they say they did not receive a meal the previous night. Most complain of stomach aches. In response, St. Vincent's has identified the need to provide an increasing number of families with food rations, especially those affected by HIV/AIDS. These families are of particular concern, as the medication for HIV must be accompanied with food. St. Vincent's provides twenty families a month with food rations. This represents a 50% increase in the number of families receiving food assistance from last year.
School Support for St. Vincent Nursery School Alumni
In addition to the food rations, we also assist the families of some of the primary school going children who graduated from our nursery school by paying school fees. We currently pay school fees for eight children who have graduated from the nursery school.
Project Reports on GlobalGiving are posted directly to globalgiving.org by Project Leaders as they are completed, generally every 3-4 months. To protect the integrity of these documents, GlobalGiving does not alter them; therefore you may find some language or formatting issues.
If you donate to this project or have donated to this project, you will get an e-mail when this project posts a report. You can also subscribe for reports via e-mail without donating.
We'll only email you new reports and updates about this project.
Help raise money for this important cause by creating a personalized fundraising page for this project.
Start a Fundraiser


text:
Dull, tired looking skin is a thing of the past for men as a global skin care brand has launched its skincare range for men in India
The product will be endorsed by Bollywood actor Varun Dhawan.
The company is set to launch two different products under the brand – first is energy charge and the second is oil control. Varun, who made his Bollywood debut with Student Of The Year and was last seen in Main Tera Hero, will propagate a regular grooming routine for all Indian men, especially daily facial skin care. "My skin has to go through a lot during a regular work day – since most of my time is spent outdoors in dusty environments. So a good face wash that can refresh my skin instantly is almost indispensable to me," said the actor.
"I love the new Men range of face washes and moisturisers because they are an effective and no-fuss solution to my skin needs. This brand is among the most reputed skincare brands in the world. It is exciting to be the face of this product range for men," he added. Srinandan Sundaram, Vice President, skincare and colours, HUL (Hindustan Unilever) feels that men take equal pride in their appearance as women do and being global leaders in skincare solutions. The product will be available in India from May 25 onwards.