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America The Light is Dying. This powerful message from Dr. Jake Baker is a lightning bolt piercing… Dr. Jeffrey "Jake" Baker Aug 25, 2012 12 views
Is there anything Mr. Obama Won't do to get a second term? Apparently not? Tags: Democrat, Election_2012 Dr. Jeffrey "Jake" Baker Aug 17, 2012 4 views
Bill Clinton On Obama Care - Wrong Again! Clinton states George Washington required the people to p… Tags: ObamaCare, Insurance Dr. Jeffrey "Jake" Baker Apr 9, 2012 6 views
The Stand up for Religious Freedom Rally in Detroit, MI on March 23, 2012. Thompson is with the Tho… Tags: Richard_Thompson, Thomas_More_Law_Center Dr. Jeffrey "Jake" Baker Apr 2, 2012 6 views
Jeff Markin was a dead man. In fact, he was officially declared dead at 8:05 a.m. in a Florida hosp… Dr. Jeffrey "Jake" Baker Mar 13, 2012 2 views
What would posses a President and his Secretary of Defense to stand before the Senate of the United… Dr. Jeffrey "Jake" Baker Mar 13, 2012 4 views
The New York fed told AIG to withhold from the public payments they made to banks ... You've got to… Tags: Judge_Napolitano, Arrest Dr. Jeffrey "Jake" Baker Mar 9, 2012 32 views
This effort is focused on sacrifice to protect and defend the Constitution of the United States against all enemies foreign and domestic.
Striking a Deal over Syria at the G8 Summit:
World leaders were close to striking a deal on pushing for peace in Syria at the G8 summit on Tuesday amid conflicting reports that certain leaders clashed on a roadmap to resolve the conflict.
Sources at the Group of 8 conference told Reuters news agency that the leaders disagreed in talks about the nature of a transitional government for Syria.
"You're close to a seven to one position on Syria and clearly (Vladimir) Putin [...]
The Destruction of the Syrian Air Force:
The Syrian Air Force has suffered major losses in the last year, as the aircraft and helicopters were unleashed on rebels (and civilian supporters) and took a beating. Of the 370 usable fixed wing war planes the Syrian Air Force had two years, about half are now out of action because of combat losses or wear and tear. Nearly two-thirds of the 360 helicopters are gone, for the same reasons.
Part of the problem was [...]
Germany: Muslim Refugee Threatens People With Knives, Holding Koran and Shouting "Allahu Akbar!":
Officers from police station 11 have provisionally arrested a 24-year-old from the Republic of Côte d'Ivoire (Ivory Coast) on suspicion of threatening with a knife. The civil protection bureau in the state criminal office has taken over the investigation.
According to what has so far been discovered, the suspect entered a tent associated with the registered demonstration "Lampedusa refugees" in Steindamm, sat at a table and sang. After a [...]
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Econ, Business & Finance
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Friday, May 24, 2013
Austrian Megabank CEO bites the dust: Raiffeisen Bank International CEO Herbert Stepic quit on Friday after it emerged that the bank is investigating two trusts of which he's the "beneficial owner" with mailbox companies in Hong Kong and the British Virgin Islands that he used for property deals in Singapore in 2006 and 2008. He sez that the two weren't offshore vehicles and that this money had been properly taxed in Austria. SCMP checked out Takego, the Hong Kong mailbox company and found that it "was owned last year by a Hong Kong firm, Lintel Securities, wholly owned by David Chong Kok Kong, the chairman of Portcullis Trustnet, a financial services firm based in Singapore. Portcullis was a major source of information on secretive offshore companies that was provided to the United States-based International Consortium of Investigative Journalists in one of the biggest financial leaks in history." Yup, things bubble up. He was already under investigation from the Austrian financial regulator involving a real estate deal in Serbia, but somehow that file was closed last week.
Fiat Inc.? CEO Sergio Marchionne denies that "the item" is on his "agenda for now," but rumors have been swirling that he is going to move Fiat SpA from Italy to the US, or at least its headquarters. Fiat and Chrysler would need "cultural integration based on mutual respect," he said while in Detroit where he hangs a lot. A decision would "be governed by a variety of justifications including access to capital markets and the ability to finance the house," he said. But... "There's been no decision — it's not even on my digestible list of things to do for the week." The Obama administration, which had bailed Chrysler out of bankruptcy, handed 20% of the company to Fiat in 2009. More followed. Now Fiat's total stake has grown to 58.5%, and he wants it to get the rest. Then there'd be a huge IPO that would make Wall Street rich. Not sure why the White House gave Chrysler away for a pittance. Meanwhile, Fiat is fighting the UAW health care trust fund in court over the value of its stake. Back home, Marchionne is under heavy pressure from the Italian government to keep Fiat in Italy.
Alarm bell: US margin debt at all-time record high in April: investors borrowed $384.4 billion in their brokerage accounts against their stocks, up 1.3% from March, and up 29% from last year. The previous record was set in June 2007 at $381.4 billion, even as the financial crisis was seeping through cracks in the veneer. High margin debt, a sign of euphoria and blindness to risk, is a leading indicator of a market selloff ... which will trigger margin calls and forced selling that drives down markets even further. Been through that many times. In 2007, the swoon started in November; and of course in 1999.... Nothing new here. History in this respect is doomed to repeat itself.
Mercury in Chinese medicine stirred up debate in China after Hong Kong's Health Department forced Beijing Tong Ren Tang Group Co., one of the largest producers and retailers of Chinese medicine, to recall a batch of its stuff due to excess levels of mercury. Now people are debating the general safety of Chinese medicine as herbs might contain heavy metals, pesticides, and other goodies found in Chinese soil, water, and air. They worry that governments with their outdated equipment cannot monitor the medicines. And there are structural problems: "because these companies are either state-owned enterprises or large taxpayers, local governments protect them," said Zeng Danhua, a senior analyst at the China Capital Investment Group, and the fines for companies using contaminated herbs were too low to be a deterrent.
Inflation to hit Japanese consumers: largest bread maker in the country, Yamazaki Baking, announced that it would raise prices by 3% to 6% for bread and by 2% to 6% for pastries. Culprit? Not rising demand or optimism or rising wages, but the devalued yen that pushed up the cost of imported flower. The costs of other ingredients have also risen recently. How increasing the cost of food will crank up the economy remains one of the mysteries of Abenomics.
Thursday, May 23, 2013
Eurozone manufacturing and services mired in contraction, sez the Purchasing Managers Index, at 47.7 (below 50 = contraction). Germany, miracle economy that can do no wrong, shrank again, though upticks are visible. France continues to slide downhill rapidly. "The Eurozone's second recession in five years looks set to drag on into a seventh successive quarter," the report said. Accelerating decline of new orders in the service sector; job shedding picking up, companies trying to cut capacity, order backlogs shrinking further, now for almost two years.... Very ugly.
Hitting the China jobs wall: a record 7 million students will graduate from university this year, 190,000 more than last year, according to the Ministry of Education. Yet job openings are down 15%, based on a February survey of 500 companies. It's going to be tough for these educated young people finding an appropriate slot.
Japanese government bonds go crazy again, lose their footing, with yields on the 10-year JGB spiking, briefly kissing 1.0% Thursday morning, the highest in a year, over triple the 0.315% on April 5. The goal of Abenomics and the Bank of Japan's money-printing and bond-buying frenzy is to push down yields, while creating a wave of inflation, thus devaluing the debt, and causing losses for everyone who owns it. In response, investors have been dumping JGBs. The BOJ tried to put a stop to the rout by handing out ¥2 trillion ($19 billion) in the morning. Thankfully, for the BOJ, the Nikkei began to crash, and suddenly these despicable JGBs seemed like a pretty good deal; demand picked up, yields dropped to 0.84%. The BOJ has bought equities before to prop up the Nikkei, but Thursday it was busy propping up JGBs and had to let the Nikkei go. When push comes to shove, it will always support bonds, its number one priority, and let stocks swoon.
China manufacturing contracts in May, after months of fitful near-stagnation, sez the HSBC Purchasing Managers' Index which dropped to 49.6 from 50.4 in April (under 50 = contraction), a seven-month low. A harbinger: New Orders in April had dropped to a five-month low. Ominously, in May, New Orders as well as New Export Orders fell again, as did Employment, Backlog of Work, Quantity of Purchases, among others. "The cooling manufacturing activities in May reflected slower domestic demand and ongoing external headwinds," said Hongbin Qu, Chief Economist of Asian Economic Research at HSBC. "A sequential slowdown is likely in the middle of 2Q, casting downside risk to China's fragile growth recovery." Not very pretty. Though we've seen the manufacturing slowdown coming, the reaction on the Asian stock markets is brutal....
Nikkei crashed over 1,460 points, a 9.2% dive peak-to-bottom from its morning high of 15,943, after having been up 300 points early on, to 14,484. For the day, it's down 1,143 points, or 7.3%. That's what happens when the air hisses out of a central-bank money-printing induced bubble. The hot money wants to get out.
Wednesday, May 22, 2013
H-P revenues plunged 10.1%, worse than expected, with PC revenues down 20%. Only uptick: lowly printing supplies, such as cartridges, paper, ink, up a measly 2%. Earning didn't "completely crater" like Dell's earnings, CEO Meg Whitman consoled her investors. But H-P had a huge write-off not long ago, and who knows what they plowed into it to make subsequent quarters look better. They always do that. Write-off accounting puts some lipstick on expenses, though it can't do much about revenues. Props up operating income. "You can feel the turnaround taking hold at H-P," Whitman said. Indeed, feel. Because there's no visible turnaround in the numbers. Nevertheless, stock jumped 13% after hours.
Justice Department admits: drones killed 4 Americans, in a letter sent to Congressional leaders. One of them was Anwar al-Awlaki, in September 2011 in Yemen. While widely reported, the government had never fessed up to it. The other three were Samir Khan (in the same strike); Awlaki's son Abdulrahman al-Awlaki, also in Yemen; and Jude Mohammed, in Pakistan. Last year, Attorney General Eric Holder had outlined the government's legal rationalizations behind knocking off Americans overseas – for example when they pose an "imminent threat of violent attack" and when capturing them is inconvenient. While the whole concept is iffy, the rubbery term "imminent" came under particular fire. But certainly, it won't be abused; after all, there's a Nobel Peace Prize winner in the White House.
Delta Air Lines rebels against taxpayer subsidies for Boeing because they benefit state-owned foreign airlines that compete with Delta. The US Export-Import bank is helping Boeing sell wide-body jets by helping foreign airlines buy them. CEO Richard Anderson said Delta would be "perfectly willing" to accept a "total moratorium" on financing of jets, which it also benefits from. "We are trying to do whatever we can to get a level playing field in a world where my government decides that they would rather have my competitors in the marketplace than Delta," he said. In April, Delta sued the Ex-Im Bank to put a stop to these shenanigans. It noted that 46% of the $106.6 billion in the Ex-Im Bank's activities are for aircraft loans or loan guarantees. Emirates and Korean Air were among the biggest beneficiaries, and as Anderson told Reuters, they could get funding without "the balance sheet of the US government." Ah the complex web of government handouts.
BOJ Governor Haruhiko Kuroda accepts jumpy yields on Japanese Government Bonds that nearly tripled from the April 5 low of 0.315% to today's 0.90%, exact opposite of what money-printing and bond-buying is supposed to accomplish. Japanese investors have been fleeing JGBs; inflation, if it rises to 2% or more as per plan, will eat them up without compensation from yield. Add yen devaluation to make a nasty investment. He lost a bit of his brashness: "I am not expecting long-term interest rates to increase sharply considering the strong downward pressure being exerted on them by our quantitative and qualitative easing," he said at the press conference after the BOJ's two-day huddle that left monetary policy unchanged, with the spigot wide open, committed to buying ¥50 trillion in JGBs a year, or 70% of all new bonds the government is issuing. "I believe it is quite possible to prevent any spikes in long-term interest rates," he said with even less certainty, then submitted to fate and accepted rising yields: "If expectations for economic recovery and inflation strengthen sharply, that could outweigh the risk-premium reducing effect and result in increases in interest rates," he said.
Japan trade deficit soars 69.7% in April to ¥879.9 billion, from April a year ago, the tenth months in a row of trade deficits, the worst series since 1980, and the worst April ever. For each of the last three Aprils, the deficit was worse than in the prior one; same for March, February, and January. The trend is relentlessly awful. Abenomics is deepening the hole, but it's digging at a faster rate. The weaker yen nudged up exports 3.8%, but imports jumped 9.4%. Don't blame oil: imported crude oil volume dropped 2.2%. Exports to China stagnated, but imports jumped 13.3%; the deficit skyrocketed 60.2%. However, exports to the US rose 14.8% while imports stagnated; the trade surplus leaped 32.5%. Japan exports twice as much to the US as it imports. Perhaps someone in the White House will someday get Japan to open up its auto market. The trade balance with Western Europe flipped from a surplus a year ago to a deficit; exports fell 3.5% and imports rose 11.4%. Abenomics and the money-printing binge have heated up consumption of imported luxury goods and other items that can't be produced in Japan. For the rest, Abenomics appears to be a giant miscalculation. The graph for the years 2011, 2012, and 2013 shows the worsening trend:
Despite the awful trade data that was much worse than economists had hoped for, the Nikkei jumped 246 points or 1.6%, to 15,627 – oblivious to reality for months now, drunken with money the Bank of Japan is printing.
Tuesday, May 21, 2013
"Apple does not use tax gimmicks," Apple wrote without twitching an eyebrow apparently, in response to a Senate investigation that showed that it sheltered at least $74 billion in profits from US taxes between 2009 and 2012 by using a "complex web" of offshore mailbox companies. One such Irish subsidiary with no employees and no physical existence made $30 billion in profits and didn't pay a dime to a single government anywhere, not even Ireland. Legal, and proof that the US corporate tax dodge code is a scam that bestows a tax-free environment and other welfare handouts to certain companies, while raking less fortunate and often smaller companies over the coals.
Impact of cheap natural gas in the US: the construction of 97 chemical and plastics plants that use natural gas as feedstock has been announced, with investments over $71 billion, sez the American Chemistry Council (ACC). Among them, in Texas alone: Dow Chemical's plan to plow $4 billion into ethylene crackers and Exxon Mobil's plan for an ethylene cracker and two polyethylene plants. Others lining up: Chevron Phillips Chemical, LyondellBasell, and Mitsui & Co. Via OilPrice.com. These companies vigorously oppose the export of liquefied natural gas (LNG) as they fear it would raise prices in the US to the levels natural gas trades for on the world markets. Their pleas fell on deaf ears, a dilemma and opportunity I wrote about.... The Quiet Triumph Of Oil And Gas In Obama's Policies
Japanese Government Bonds: "Absolutely no guarantee" that Japanese investors will continue to buy them, warned an advisory panel to Finance Minister Taro Aso. Investors who lose confidence in the JGB can easily invest their funds overseas, the report nervously pointed out. Some have already made that shift. Hence the recent spike in yields, despite the Bank of Japan, which is mopping up around 70% of the flood of new bonds that the deficit spending of Abenomics generates. Investors only have to pick up the remaining 30%, but they appear to be reluctant to do so. Why is anyone outside of a government controlled institution still buying this crap?
Finding excuses: Japan supermarket sales dropped 1.9% in April, on a comparable-store basis, from April 2012, with food sales down 0.4% and clothing down 8.8%. Blamed was the "unseasonably cold weather." When sales edged up in February and March, the credit went to Abenomics, not the weather or some other silly thing. A broader media trend: when economic data points are positive, Abenomics gets the credit; when they're negative, the weather and other reasons are dragged into the scenery, sometimes by their hair.
Mystery pollution in China: unknown foul-smelling goo emerges from cracks in the street, becomes huge, finally gets cleaned up ... and remains unknown.
Monday, May 20, 2013
"Every 10 years or so, banks make some horrible mistake and it usually starts with easy money," said Mike Pinto, vice-chairman of M&T Bank, a regional US bank. "We are worried about the competitive atmosphere. It creates the temptation to do silly things." He was talking about the credit bubble. US banks made $1.55 trillion in business loans through April, up 10% from last year; banks are falling all over each other trying to goose their profits by making risky loans. US corporations have also sold a record amount of bonds at record low yields and with historically low protections for investors. So now banks are loading up their balance sheets with business loans that will come to haunt them. But no problem. It will just be part of the next financial crisis that will give the eager Fed another opportunity to hand trillions to TBTF bankers to bail them out.
UK wages propaganda war against Scotland, which will hold an inconvenient independence referendum in September 2014. A new report by the UK Treasury, the third in the series, claims that the Scottish banking sector – composed of two large banks, Bank of Scotland and Royal Bank of Scotland, plus smaller ones – would put an independent Scotland at risk. Its assets would be 1250% of Scottish GDP, while the Cypriot banking sector, which brought down Cyprus, was 700% of GDP, the report said ominously. For the UK overall, banking assets are 492% of GDP, also very high. But the UK has "credibility" in the markets to manage that risk, something Scotland would lack. A "feeble attempt to undermine confidence in Scotland's ability to be a successful independent country," retorted Scotland's Finance Secretary John Swinney. "The Treasury, true to form, will outline what is in its own best interests, not what is in the best economic interests of the people of Scotland." He called these assertions misleading; "In terms of share of GDP, in fact, financial services are actually smaller for Scotland at 8.3% than the UK at 9.6%. So if the argument is about risk, then the risk is with the UK," he said.
Now Germany has a real reason to exit the euro: Goldman Sachs CEO Lloyd Blankfein wants it to stay! A bad sign. In an interview with the Welt, he said Germany had profited from the euro the most – from his point of view, "Germany" is "Germany Inc." But real wages for working Germans have declined since the introduction of the euro, and workers have had a hard time, while wages in Greece, Spain, and other countries have shot up. Though German workers now have jobs, unlike people in Spain and Greece, they earn less than they used to in real terms. For that privilege, German taxpayers (not Germany Inc.) must pay a price, he said, namely bailing out banks and speculators who hold the crappy debt of periphery countries. He predicted utter economic mayhem for Germany if it left the euro. No, German taxpayers will have to bail out weaker countries, he said. And he raved about the "political project" behind the euro, the ultimately total integration of Europe (and of course, he defended TBTF banks, which were more secure, he said, than smaller ones). My question: is Goldman now seriously long the euro?
Weekend, May 18 - 19, 2013
Sales skid at S&P 500 companies: 458 companies of the 500 in the index have reported their Q1 results so far: earnings were up a measly 3.4% year-over-year, but sales fell 0.2%. Not exactly the foundation for the gigantic undying stock market rally that has plowed through whatever economic and corporate bad news with nary a twitch. When will this separation of reality from stock prices end? Someday, one way or the other! He who can pinpoint that day will make a lot of money.
Central bank success story: The global market for luxury goods grew 38.6% in three years. From $200 billion in 2009, luxury goods sales jumped 13% in 2010, 11% in 2011, and 10% in 2012, to end up at $275 billion. Despite the Eurozone debt crisis and austerity, despite the earthquake and tsunami in Japan in 2011... no matter what happened in those three years, luxury goods boomed, sez the the just released "Worldwide Luxury Markets Monitor," by Bain & Company for Fondazione Altagamma (PDF). "Absolute luxury items (high-end products with no logo, highest quality materials, and exquisite craftsmanship) lead the way," the report reassured us, but there were some losers, including "watch consumption" which crashed in China. The report confirmed what we've seen everywhere: when central banks hand out trillions to their cronies, it doesn't do much for the real economy as a whole, nor for employment, but it does one heck of a job at the very top of the pyramid.
"Threat of Default": US hits debt limit on Saturday, but by using a slew of shuffle maneuvers, shell games, tricks, and devices, the US won't actually run out of money until "after Labor Day," Treasury Secretary Jacob Lew told Congress in a letter. In his previous statement, the US would be "okay until Labor Day." Today, he was more frantic. He begged Congress to get its act together and do something "sooner rather than later" to "remove the threat of default." In its infinite wisdom, Congress had suspended the debt limit till May 18, rather than dealing with it. The debt, though still over the limit, declined in April and early May; tax extractions were fattened by asset bubbles. But since May 10, the debt has once again been rising.
Friday, May 17, 2013
US Consumers haven't felt this good since July 2007, just before all heck broke loose. An "encouraging sign," Reuters sez. For short sellers? The preliminary results of the Thomson Reuters/University of Michigan's consumer sentiment index jumped to 83.7 in May from 76.4 in April. Big part of the reason: households in the upper third of the income bracket felt flush from the ballooning stock market – the wealth effect. The Fed giveth.... They were able to brush off the payroll tax increase, which Wal-Mart shoppers, as we've seen, had a harder time brushing off. The Consumer Expectations index rose to 74.8 from 67.8. And the Current Economic Conditions index leaped to 97.5 from 89.9, the highest since October 2007, a month before the stock markets began to swoon. Impeccable timing, the hallmark of consumers.
Car sales in the EU crept up 1.7% in April, from a horrible April last year. The fact that the parade of ever worsening numbers has finally stopped, at least for a moment, was greeted with a huge sigh of relief. The details of the report aren't that rosy: sales in the UK, now the second largest market after Germany, jumped 14.8%. Without the UK, sales for the rest of the EU actually dropped 0.46%. It wasn't exactly a smooth trend across the member states: Greece finally seems to have hit bottom, and sales increased 20.9%; in Denmark, they jumped 30.7% and in Finland 142.6%; but they crashed 26% in the Netherlands and 51.9% in Cyprus; they rose 3.8% in Germany but dropped 5.3% in France.
Deafening US media hype: Japan Core Machinery Orders jumped 14.2% in March, seasonally adjusted, from February. The eternal money-printing and fiscal-stimulus apologists dragged it out as proof that Abenomics is working massively. Alas, these are highly volatile big-ticket items, though "core" orders exclude container ships, nuclear reactors, etc., which are even more volatile. To iron out the volatility, the Cabinet Office also offers quarterly numbers. Soooo, core orders in the first quarter of 2013 were actually 4.8% lower than in the first quarter of 2012, when Noda was prime minister. Kampai!
The Japanese take care of their college grads: 93.9% of all those who graduated on March 31, the end of the academic year, had jobs by April 1, the beginning of the business year. This was the second year in a row that the percentage increased, so it's NOT related to Abenomics, please! College recruitment, like so many things in Japan, is a highly structured process with the idea to get pretty much everyone squared away before the end of the academic year. But those who miss this entry into Japan Inc. have the greatest difficulty getting through the door later. The system is unforgiving punitive to those who don't toe the line.
About that secret inflation in Argentina: famously, no one is allowed to accurately track or discuss inflation, but all the whisper numbers floating around peg it at over 20% annually. Now confirmation has come from official sources: wage negotiations between unions and the government of President Cristina Fernández Kirchner. Unions are her base. In fact, she personally met with the leaders of six unions that represent about 2 million workers, or 40% of all workers covered by wage negotiations, and made a deal, similar to the deals she'd made with Railway and Bus Drivers' unions. The agreed-upon wage increases this year to keep the purchasing power of her voters intact? The closest estimate to official CPI that Argentina has? 24%!
Thursday, May 16, 2013
Last time French-made cars were sold is the US? 1980? Long time ago. But... French-made models of the Toyota Yaris are coming to the US, Canada, and Mexico, apparently to keep the plant in Onnaing, near Valenciennes, busy. Car sales in Europe have been catastrophic, and plant shutdowns and layoffs are hard to do, especially in France where even thinking about it causes a huge political ruckus. In 2012, 182,841 Yaris were sold in Europe, accounting for 22% of Toyota's total European sales - a highly successful model at the low end of the lineup. North America will get US versions, not EU versions. So no diesels.
Plunging price of gasoline shaves 0.4% from Consumer Price Index in April. Total energy prices dropped 4.3%, with gasoline down 8.1%. We'll remember those days fondly because that cheap gasoline is now history; prices have been climbing in May! Food prices rose 0.2%. Core CPI, which excludes food and energy, rose 0.1%. For the 12-month period, CPI is up 1.1% and core CPI 1.7%. The Fed might complain that this is below target; but it's still inflation, and it still whittles down the value of your and my dollars, and everything denominated in them, and it's still higher than the interest that banks pay on most deposits and CDs, though it's better than 4.3%, as we had some months in 2011.
Another blow to US manufacturing: Philadelphia Fed's Business Outlook Survey – for manufacturing in eastern Pennsylvania, southern New Jersey, and Delaware – dropped into the negative, to -5.2 in May, from 1.3 in April (below zero = decline). The New York Fed's Empire State Manufacturing survey, reported yesterday (below), had also pointed at a contraction. Ominous: new orders dropped to -7.9, the worst since June last year, from -1 in April; the Workweek Index dropped to -12.4, and the Employment Index dropped to -8.7. Manufacturing is only a small part of the US economy, and this region is a small part of the US, so we're not going to panic just yet...
US Housing Bubble confirmed: Heard an ad on the radio on how to get rich quick by flipping houses – and we'll show you how. It conveniently offered an 800-number. Something or other was free.... but keep your credit card handy. These kinds of things usually appear late in a bubble.
Death penalty for financial fraud in China. A court in Wenzhou slapped a local, 39-year-old gal, former general manager of Wenzhou Xinfu Investment Consulting Co., with the maximum penalty available, death, for having illegally raised funds for investments starting in 2007. Everything worked fine until October 2011, when her scheme collapsed and she ended up defaulting on a 428 million yuan loan ($69.6 million). Leaves open the question if they'd slap the same penalty on TBTF bank CEOs every time their banks need a bailout. A bit draconian maybe, but something the US might want to consider as well, after not having prosecuted anyone responsible for the financial crisis and for the Fed's bailouts that followed, though they did hound, as in China, small-scale crooks like Bernie Madoff.
Bad loans at Chinese commercial banks swelled by 6.8% in the first quarter, to 526.5 billion yuan ($85.6 billion), the sixth consecutive quarter of increases, raising the non-performing loan ratio to 0.96%. And NPLs are expected to rise further. One of the many elements in a boundless debt-fueled scheme that will eventually, like the micro-case above, unravel.
The Japanese Diet rubber-stamped the ¥92.6 trillion ($926 billion) budget for fiscal 2013, which started April 1. A breath-taking ¥43 trillion ($425 billion) will have to be borrowed to make ends meet - that's 46.4% of the total outlays! But no problem. Abenomics will get Japan out of its fiscal quagmire, one way or the other, by printing money. Government spending on public works – welfare spending for Japan Inc. – will rise to ¥5.3 trillion. In a show of rare fiscal discipline, welfare spending for the poor will be cut by ¥67 billion. Priorities of Abenomics are becoming clear.
Japanese GDP growth less than a year ago! The economy grew 0.9% in the first quarter 2013 from Q4 last year, or a 3.5% annual rate. Private demand was up some, with investment in housing being fairly strong, but corporate investment lackluster. Public demand – government spending and investment, including boondoggles – jumped, as promised by Abenomics. Exports rose, and so did imports, but not as much. All seasonally adjusted. Great? Give credit to Abenomics for that 0.9% growth in GDP? Because it was the fastest growth since... oops, well, since the first quarter of 2012, when the economy grew 1.3%. Abenomics can't even keep up with Noda's maligned era.
Wednesday, May 15, 2013
Megabanks "are NOT too big to jail," claimed Attorney General Eric Holder today in a heroic about-face at a House Judiciary hearing, after he'd explained to the Senate Judiciary Committee in early March why exactly they were indeed too big to jail. The Justice Department has not prosecuted any megabanks despite their shenanigans leading up to the Financial Crisis and continuing to this day. A debacle I wrote about.... 'Regulatory Capture' Emasculated The Regulators Of Megabanks.
French purchasing power plunges 1.5% per capita, and 0.9% for all households together in 2012 (difference due to population growth), the worst performance since 1984. Combination of: disposable income creeping up only 0.9%, and prices rising 1.9%. Ah yes, the many benefits of "moderate" or even "below-target" inflation.
Tough day for US manufacturing: industrial production dropped 0.5% in April, after increasing in February and March; year-over-year, it's up only 1.9%. Within it, manufacturing fell 0.4%; fingers point at motor vehicles and parts, down 1.3%. Capacity utilization fell 0.5% to 77.8%, and is 2.4 percentage points below long-term average. Add to that: the New York Fed's Empire State Manufacturing Survey for May dipped into the red (-1.43, from 3.05 in April). Employment sub-indices were mixed, with number of employees up slightly, but hours worked down sharply. Darkest cloud: new orders were negative. Executive optimism for the next six months declined, second month in a row. Not an exemplary picture of a growing economy.
"My question is, who is going to jail?" wondered House Speaker John Boehner about the IRS scandal. So why didn't he and other Republicans ask that question after the financial crisis, the largest scandal in the US ever?
Swooning energy prices, particularly gasoline, pushed down wholesale prices by 0.7% in April, seasonally adjusted. Food prices also dropped, a godsend for those of us who like to eat, with veggies and meat down the most. Without food and energy, which are highly volatile, the core Producer Price Index rose 0.1%. For the 12-month period, the unadjusted PPI is up a scant 0.6%. If they could just keep it that way!
Warning shot: Russian car sales plunged 8% in April. For the year, they are now 2% below the same period last year, a record year during which sales had jumped 11% from 2011. The good times appear to be over. Is the EU malaise heading east?
Europe stuck in recession: the Eurozone economy shrank 0.2% in the first quarter, from Q4, the sixth quarter of recession in a row, another glorious record. The 27-nation EU contracted 0.1%. Year over year, they're down 1.0% and 0.7% respectively. Germany's economy inched up 0.1% in Q1, after having plunged 0.7% in Q4, thus barely avoiding the red stamp of recession. Both quarters combined, Germany is in the hole. The lousy performance in both quarters surprisingly surprised pundits. France is formally in a recession; its economy contracted 0.2% in Q1, third contraction in four quarters. Italy and Spain both shriveled 0.5%. Unperturbed, German stocks, while down a smidgen for the day so far, are still above their prior all-time intra-day high of July 2007. This will be seen as the greatest accomplishment of the central bank money-printing binge: separating (at least temporarily) stock markets from reality and allowing them to float in a dream world.
China's pile of foreign exchange grew by 294 billion yuan to 27.363 trillion yuan ($4.41 trillion) in April, according to the People's Bank of China, the fifth month in a row of increases. For the first four months of 2013, the monthly influx averaged 400 billion yuan, nine times the average in 2012. Earlier this month, the State Administration of Foreign Exchange, the top forex regulator, had threatened to crack down on foreign money flooding the country. China is where the hot money goes – on the bet that the yuan will continue to rise against the dollar which, through the arduous and heroic efforts of the Fed, will continue to lose value.
Nikkei jumps 2.29%, to 15,096, highest since December 28, 2007. If it keeps going like this, it will be above 40,000 soon. This thing has become a joke – even more so than the US stock markets. Japanese government bonds continue their descent, pushing yields up, with the 10-year JGB hitting 0.90% but then settled down at 0.85%. The yen skidded.
Tuesday, May 14, 2013
Ex-leaders of consumer electronics: Sharp's huge loss is a sign of how Japanese powerhouses have lost the edge to Korean, US, and Chinese rivals. A doozy: ¥545 billion ($5.3 billion) in red ink, a record in its storied century-long history. A top exec reshuffle has been announced, but it won't fix the real issue that is bedeviling Sharp and other Japanese consumer electronics companies, once world leaders, now not even also-rans. Abenomics won't be able to cure that either. This isn't an issue of costs and exchange rates, but of innovation, products, and now increasingly brand (they squandered it).
China's white paper on human rights, helpfully issued in English so that foreigners like me can get their brains washed, starts out promisingly: "Since the arrival of the 21st century, the Chinese people have been making constant efforts in advancing human rights protection along the path of building socialism with Chinese characteristics under the leadership of the Communist Party of China (CPC) and the Chinese government." Further into it, the paper clarifies priorities: "China has a population of over 1.3 billion. For such a populous country, it would be impossible to protect the people's rights and interests without first developing the economy to feed and clothe the people." Money before rights. But it also points out how the government has become much more transparent in many ways, which few people will dispute (text in full).
Inflation hits Japan: wholesale prices rose for 5th month in a row in April, by 0.3% from March, with the index at 101.4 (2010 prices = 100). Electricity, gas, water, lumber, and wood products jumped over 3%. Some of it was due to the weakening yen that made imported fuels and raw materials more expensive. How exactly higher prices would cure Japan's economic ills remains a mystery, though it will give a stylish haircut to all those owning Japanese Government Bonds....
Japanese Government Bonds skid once again: yields rose, for the 10-year JGB to 0.85%, from 0.79% yesterday, from 0.69% on Friday, and from 0.315% on April 5, the day they went bonkers. While yields are still ultra-low, the rise has been relentless, not at all what the BOJ wants – and now there's also volatility, rare sight in the JGB market. Japanese institutions and individuals are buying foreign bonds with higher yields to diversify out of the yen that has been doomed by Abenomics to decline. If this turns into a massive dumping of yen, if the BOJ cannot keep it under control, the selloff might turn into a rout, and the BOJ and government-controlled institutions will be the only ones left buying. In sympathy, mortgage rates are creeping up, as are bank loans. The opposite of what Abenomics wants to accomplish. Free money is suddenly becoming more expensive.
Wolf Richter on Max Keiser's "On The Edge"
"The Pauperization of America"
Wolf Richter on the Keiser Report
"Where the Money Goes to Die"
Clarke and Dawe: European Debt Crisis
Two favorite Australian Comedians
Clarke and Dawe: Quantitative Easing
Big industrial-strength printers, all facing the window
The Fastest Drive Ever Through San Francisco
Don't try to do this yourself
humanERROR - by "Frying Dutchman"
Powerful, lyrical appeal to the Japanese. Slams nuke industry, MSM, bureaucrats, and politicians.
This item was posted by an anonymous author, meaning that he or she does not have a personal account with this website.

subset: commoncrawl


text:
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Hotel Oberoi in East Champaran
find what your Hotel Oberoi were looking for ?
If you couldnt find what you were looking,
try searching for the information in these nearby.
Find the Cheap And Budget Hotels in Hussaini , East Champaran
We manually add and renew new hotels and holiday packages all through India to our database everyday!


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Search results for 'puffer'
Puffer - Pop-Up Flash Diffuser
List Price: $23.71
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Flash diffuser for Canon/ Nikon/ Pentax/ Olympus/ Panasonic- Lumix units with popup flash directly in front of the hotshoe. The Puffer mounts in the hot-shoe slot of digital cameras with a pop-up flash, greatly softening the quality of light.
IMPORTANT: Puffer NOT compatible with CANON T4i Learn More


text:
Family Storytimes
Family Storytimes
Sat, Nov 17
Friends Auditorium
These 30-minute story times for ages five and under with their adults include simple stories, rhymes, finger plays, and movement. Ticketed Drop-In (pick up tickets at the Friends Auditorium): Limit 40 children.
New Registration System for All Storytimes and Select Youth Programs
These will now be "Ticketed Drop-In" which means there is no advance registration, but on the day of the program visit the youth services information desk (or Friends Auditorium if the program is held there) and pick up a numbered ticket which will be available 30 minutes before the program begins or when the library opens in the case of 10:15 AM programs. Arrive early to secure an attendance ticket. There will be a limited number of tickets available.
With the new system, people who arrive a few minutes early should be able to secure a ticket and no previously registered spots remain unused because of no-shows. This way you don't have to register ahead of time. We hope this will be a more convenient and flexible way of handling story time attendance.


text:
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GORE-TEX® Insert
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Through increased breathability, GORE-TEX® Gloves with XCR® Product Technology provide maximum comfort for a wider range of temperatures and activity levels.
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text:
Home > Hospitals > Flower Hospital > Rankings
Hospital Name
Add $1 at Walmart & Sam's Club registers to help area children's hospitals.
Learn why 13-year-old Jordan is glad to be back in cleats.
Miracle Balloons now available at Dairy Queen benefit local kids.
Follow us:
This Hospital is a Partner with:


text:
Cyrus Kuhestani is now a friend with davidestorti (3 days ago)
Tim Seal is now a friend with SteveHutch (4 days ago)
Cyrille GUEL is now a friend with Bilyana Guneva (5 days ago)
Bilyana Guneva updated their profile (6 days ago)
Alain Blayo updated their profile icon
(7 days ago)Cyrille GUEL is now a friend with Jessica Z. Brown (7 days ago)
Bukola (Buki) Gbede updated their profile (9 days ago)
Bukola (Buki) Gbede updated their profile icon
(9 days ago)Leo Havemann updated their profile icon
(9 days ago)Cyrille GUEL is now a friend with Neelima Mathur (9 days ago)
July 31, 2012 by Jeremy Malcolm | Comments (0)
Discussion: MOODLE MOOC on WizIQ
Community: Integrating Technology for Active Lifelong Learning
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Last updated 30 days ago by Dr Nellie Deutsch
Discussion: Creative Commons: Soliciting feedback on 4.0d3 Licenses
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Discussion: Deux articles français invitant à réfléchir sur les MOOCs
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Discussion: OERs should be translated in the language of developing countries?
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Discussion: Invitation to be part of UNESCO's Global Open Access Portal (GOAP) Evaluation Team
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e-Learning Africa 2013.
29 May 2013 - 31 May 2013
La 8ème Conférence eLearning Africa se tiendra au Centre de Conférence Safari de Windhoek, en Namibie, du 29 au 31 mai 2013.
EDEN Annual Conference.
12 Jun 2013 - 15 Jun 2013
Sir Ken Robinson to speak at EDEN Annual Conference Sir Ken Robinson claims the education system today kills creativity, Sugata Mitra is building a school in the cloud. Meet two of the greatest thinkers in the field of education at the EDEN 2013 Annual Conference in Oslo in June!
i3 Conference
25 Jun 2013 - 28 Jun 2013
i3 focuses on the quality and effectiveness of the interaction between people and information and how this interaction can bring about change.
Jun 25 – 28, 2013 EdMedia 2013.
25 Jun 2013 - 28 Jun 2013
EdMedia is an international conference, organized by the Association for the Advancement of Computing in E ducati on ( AACE ).
Blog: Our 2013 Impact Report
Annick Janson 83 days ago
Blog: A Look at Paris Open Access Week 2012
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Purpose of the platform is to facilitate information gathering and exchange, and common development of ideas and projects among the multi-stakeholder team for each Action Line through collaborative and community oriented online tools.
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text:
Instead of using the toxic commercial varieties, why not make your own? It's simple and quick.
Regular cleaning and maintaining of your outdoor furniture will help to keep it looking new for many seasons to come.
A variety of whole-home systems and portable models are available to address unhealthy air caused by particulates and off-gasses.
Check out these ways to recycle water around your house to save money and conserve this precious, non-renewable resource.
For less money, and without the toxic fumes, you can make your own DIY ecological scrubbing cleansers.
If you've ever picked up a roller and brush and painted a room, you may have quickly learned that it's not necessarily as easy as it looks.
It is true that many household cleaners contain potentially toxic substances, so parents especially should make an effort to keep them out of the reach of children or, better yet, replace them with safer alternatives.
Developing a disaster plan may be a matter of survival, particularly for waterfront communities. Before the storm comes, here's some tips so you know what to do.
Have you turned your walk-in closet into a blocked-in closet, overflowing with clothes and hangers? Linda Koopersmith, The Beverly Hills Organizer, shows you a few simple tips to maximize your closet space.


text:
What's this? People who purchased C'est la Vie also purchased the puzzles above.
Tell a friend! Read customer reviews Write your own review! Request the FREE solution for this item!
C'est la Vie
Object: Remove the RingDifficulty: Level 8 - DemandingBrand: Jean Claude ConstantinTypes: European Wood Puzzles, Jean Claude ConstantinDimensions: 5.12 in x 4.72 in x 1.57 in / 13 cm x 12 cm x 4 cm
Price: $27.99 Canadian Dollars Your credit card company or PayPal will automatically convert* the Canadian Dollar amount into your local currency.
Currency Converter: U.S. dollar - approx. 27.42Argentine peso - approx. 146.39Australian dollar - approx. 28.88Bahamian dollar - approx. 27.42Brazilian real - approx. 59.32CFA franc - approx. 13,412CFP franc - approx. 2,440Chilean peso - approx. 13,694Chinese renminbi - approx. 168.01Colombian peso - approx. 52,123Croatian kuna - approx. 153.12Czech Republic koruna - approx. 524Danish krone - approx. 152.53East Caribbean dollar - approx. 73.20European Euro - approx. 20.45Fiji dollar - approx. 50.31Ghanaian cedi - approx. 55.05Guatemalan quetzal - approx. 216.98Honduran lempira - approx. 556Hong Kong dollar - approx. 212.72Hungarian forint - approx. 6,004Icelandic krona - approx. 3,282Indian rupee - approx. 1,613Indonesian rupiah - approx. 271,748Israeli new shekel - approx. 98.59Jamaican dollar - approx. 2,755Japanese yen - approx. 2,611Malaysian ringgit - approx. 86.49Mexican peso - approx. 353Moroccan dirham - approx. 228.68Myanmar kyat - approx. 25,917Neth. Antilles florin - approx. 47.98New Zealand dollar - approx. 34.27Norwegian krone - approx. 157.16Pakistan rupee - approx. 2,704Panamanian balboa - approx. 27.42Peruvian new sol - approx. 75.41Philippine peso - approx. 1,186Polish zloty - approx. 87.09Romanian new leu - approx. 91.86Russian rouble - approx. 878Serbian dinar - approx. 2,329Singapore dollar - approx. 34.59South African rand - approx. 273.61South Korean won - approx. 31,100Sri Lanka rupee - approx. 3,524Swedish krona - approx. 176.70Swiss franc - approx. 25.19Taiwanese new dollar - approx. 819Thai baht - approx. 847Trinidad and Tobago dollar - approx. 176.04Tunisian dinar - approx. 44.34Turkish new lira - approx. 51.65U.A.E. dirham - approx. 100.68U.K. pound sterling - approx. 17.55Venezuelan bolivar fuerte - approx. 172.78Vietnamese dong - approx. 571,224Prices here are estimates provided for your convenience only, and may vary slightly from actual rates.
This wooden shaped puzzle requires you to remove the ring. Made by Jean Claude Constantin
This wooden shaped puzzle requires you to remove the ring.
Made by Jean Claude Constantin
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text: Description:500GB Hot-Plug Serial ATA (SATA) 1.5GB/s Hard Drive Part Numbers:7200 RPM 3.5-inch form factor 1.0-inch highNCQ (Native Command Queing)Assembly Part# 407525-004Option Part# 395473-B21Spare Part# 395501-001Assembly Part# 454141-002Model# GB0500C8046 or GB0500C4413 Overview:Information technology professionals rely on our variety of new tested Genuine HP SMART capable SATA Hard Drives offering data integrity and availability in hot-pluggable models. Before final certification all HP Serial-ATA hard drives are optimized for compatibility and functionality including support of SMART and HP System Insight Manager. Specifications: CategoryProliant HardDrive Sub-Category7.2K GenerationSATA Part Number407525-004 Products ID459216 TypeHard Drive - Hot-Swap Form Factor3.5" Capacity500 GB Interface TypeSerial ATA-150 Connector22-Position Serial ATA (SATA) Plug Data Transfer Rate150 MBps Spindle Speed7200 rpm [ Replacement Video ]


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Kaori loves being outside so when her boyfriend asked her to a picnic she was ready to roll. They spread out the blanket for a picnic her boyfriend decides that her luscious body is the only food that he needs. He doesn´t waste time he reaches out and fondles her tits before pulling her bottom away from her furry muff and stuffing his dick in deep.
Screenshots (Total 112) | Comments (0) | Detailed Info | More Stuff |
Yuria Satomi |
Yuria Satomi is a hot Asian MILF in her office suit. She is in the break room with a co worker and he is interested in her sexy pantyhose and her pussy. She is making out with him and doing some hand work on his cock when he gets to her w..
Yuria Satomi |
Round tit and horny babe Yuria Satomi making out and hardcore fucked. She tease and makes out with her hung lover and strips down on her sexy dress. She get her boobies squuezed and wet pussy licked. She humps on his cock, grinds on it ti..
More Kaori
This pretty office worker is on a break and having fun with a friend she is giving a massage and getting horny too. She is hot in her glasses and her client thinks so as well. He starts kissing her and playing with her hairy pussy , she gives him a hot blowjob and then decides to ride his cock!
What a nice teen this babe Akiho Yoshizawa is, she is so fucking sexy that any man would want to eat out of pussy all day long and that is why you will be seeing this guy pussy licking her like crazy, that pussy is not only nice to look at, it is also extremely fuckable and here you will see this hottie really getting that nice pussy of hers pounded with some really fucking hot deep penetration action as she gets cum in her mouth too.
Lovely and stunning doll Akiho Yoshizawa sucking two throbbing cocks and double penetrated. This cock craving brunette bitch loves playing with meaty and stiff cocks. She gag this filthy guys´ cocks one at a time and get her tits and pussy fondled and toyed with a huge dildo. She spreads and double penetrated to orgasm.
Here we have some really fucking hot CFNM action featuring the lovely hot milf Akiho Yoshizawa in a very sexy costume that will leave you having the biggest boner of your life and that is for sure. Here you will see this hottie cock sucking like there is no fucking tomorrow and you will see her getting into 69 position that looks extremely hot. Watch this sexy piece of pussy licking material dick riding like crazy ending with some cum on her face.
Horny japanese girls and guys gather for fun and gets naughty further. Girls start stripping and kiss each other. With the kiss, they get aroused and gets to lick each others tits. Guys take the girls on hands, tease the pussy and lick the hole nicely. In return, the girls take the cock in mouth and suck it good. Watch the guys enjoying the pussies and fuck the holes nicely. Girls too enjoy getting screwed harder in group.
Yuki is a pretty Asian babe who is waiting for some fun on the sofa. She is hot in her black stockings, and her boyfriend enjoys her hairy pussy every chance he gets to play with it. She gives a hot blowjob and spends some time riding cock before her boyfriend wants to cum on her big tits!
Slutty young Japanese teen Akiho Yoshizawa plays with her guy´s cock, making him nice and hard in her experienced hands, as she gives him a delicious hand job stroking his stiff shaft from the base right to the swollen purple bellend. She lowers her moist haiy pussy onto the hard dick, and drills herself up and down on the long thick shaft, feeling the phallus stretch her tender pussy walls. She only gets off, just in time to take a great wad of cum in her sort warm mouth.
Akiho is a pretty stewardess. She is home for a couple weeks so she has invited her boyfruend iver. She hasn´t seen him in some time so they have lots of catching up to do. She will be pretty busy for the next few days with her guy who has been waitng for her to come home. She wil fit in a few trips to the clubs before she has to go back to work and see her other friends while she is home. She has many friends and they are all happy to see her when she comes in to town!
Akiho Lovely Asian beauty is quick to invite her guy back to her room after an evening of working in the offices. She could use a little recreation after a long day at work. She has her cameras set up and is ready to play for the evening with toys and a hard cock and of course, the web world watching! She spends her days at the offices handling all the complaints so it isn´t an easy job to do and smile while doing it! She deserves her time off and some fun!
Look at this hot milf Akiho Yoshizawa, she is so fucking fine and looks damn amazing in her sexy lingerie. You will be seeing this really hot looking babe in some really fucking hot action here in her fishnet stockings where you will be seeing this hot hairy pussy babe enjoying lots of fingering and you will be seeing her cock sucking like a fucking wild woman where she rides cock like a maniac and you will see her getting deep penetration ending with cum in her mouth.
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text: Dog owners view their pet as a member of the family. Increasing their life span and overall happiness is of prime concern. Dogs of all ages can benefit from taking dog health supplements in conjunction with their normal food. But, with so many out there, how and what do we choose? You need first to make an evaluation of the dog. This evaluation must consider a number of factors; among those are: age, level of conditioning, level of training, time of year, and competition plans. Vitamins are required for bone growth, good vision, and for the body's metabolism. Minerals are essential for strong bones and teeth. Supplements cannot make up for poor quality of foods, improper or inadequate training and conditioning. Yet, they are necessary for your dog to be healthy and strong. Thus, dog supplements are just that, supplements, or additions to help get the most out of the food, to help minimize the stressful effects of the hard work of good training and to allow the dogs to reach their personal best potential in health and fitness.


text:
Celina Record > News
Helping out this holiday season: Local food pantries seeking donations of food, toys
By Bill Conrad,
Published: Thursday, December 13, 2012 12:36 PM CST
With Christmas quickly approaching, plans for the perfect holiday feast are underway in many Collin County households.
However, a number of county residents are forced to choose between putting food on the table or purchasing toys for their children. Even worse, some families don't have the money for either.
To help ensure everyone has a happy holiday, food pantries throughout the county are gearing up in anticipation of serving thousands of people in the next few weeks. However, pantry employees say they will not be able to provide their services without the help of the public.
"We are trying to get in food for our Christmas distribution," said Michael White of God's Good Pantry in east Plano. "Our goal is to provide 20 cans of food, dried goods and one ham, turkey or chicken to each of our families. We want each family to have a complete Christmas meal."
In addition to food, White said children younger than the age of 11 will receive a new, unwrapped toy.
God's Food Pantry's holiday distribution is Dec. 22, and so far the pantry is well short of the amount of goods it needs, White said.
"We have 244 families signed up, and out of those we have 120 families with kids," he said. "Right now I only have enough toys for about 10 families."
White said the pantry is accepting toy donations as well as donations of canned goods and dried goods. While no donations will be turned away, he said the majority of the donated items need to be received by Dec. 15 to allow pantry staff to prepare for the distribution. The pantry also accepts cash donations, which will be used to purchase food or toys, White said.
In west Plano, Seven Loaves is also in need of food donations this holiday season, founder Sharon Hasley said.
"It is absolutely a struggle every holiday," she said. "Our cupboards are pretty bare this time of year because we see such as increase in families in November and December."
Unlike God's Food Pantry, which has a one-day holiday distribution, Seven Loaves sees each of its clients once a month and distributes its holiday meals at that time.
"We are probably going to serve 1,000 families before Christmas is all said and done, so that means we will serve about 4,000 people," Hasley said. "We are also giving out toys, because if a family doesn't have money for food they also don't have money for gifts."
At Seven Loaves, younger children will receive small stuffed animals and older children will receive $10 gift cards.
The pantry is accepting donations of food and toys, Hasley said, adding that items such as protein, canned fruits, peanut butter and diapers for larger children are always in need. People may also donate money to the pantry online, said Hasley, who also noted that for $25 the pantry can feed a family for one week since food can be purchased at a discounted rate through the North Texas Food Bank.
The Community Food Pantry of McKinney does not have anything special planned for Christmas, but will remain open six days a week throughout the holiday season, said volunteer pantry director Carol Bodwell.
"We are doing everything we can to make sure no one goes to bed hungry over the holidays," Bodwell said.
Bodwell said the pantry is accepting donations, but doesn't necessarily need the items that make up a Christmas dinner.
"Most people think of turkey, dressing and cranberry sauce, but what we need most is milk for our children," she said. "Right now we are having to buy milk every week. We need powdered milk in sizes up to eight quarts, as well as canned evaporated milk since many people we serve don't have refrigerators."
Copyright © 2013 - Star Local News


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The firesuit worn by Cup champ Tony Stewart in the season finale at Homestead and the tux he wore at the awards banquet in December. This is a display at the NASCAR Hall of Fame in Charlotte.
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Local News
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Mo. Gov. Nixon gives mixed review to legislative session, renews concerns about tax cut
JEFFERSON CITY, Mo. (AP) — Gov. Jay Nixon is giving a mixed review to Missouri's 2013 legislative session.


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Kitesurfing, surfing and windsurfing in Guincho |
Thursday, 08 July 2010 13:10 |
Last Updated on Friday, 02 September 2011 16:04 |
Kitesurfing, surfing and windsurfing in Guincho |
Thursday, 08 July 2010 13:10 |
Last Updated on Friday, 02 September 2011 16:04 |
Jordy Smith wins the Billabong Rio Pro 2013 19/05/2013
Jordy Smith has conquered the Billabong Pro Rio 2013, in clean two-to-four foot (1 meter) waves, at the primary site of Barra da Tijuca, in front of thousands of surf fans.
Guinness confirms Shawn Dollar's 61-foot paddle-in wave record 19/05/2013
The Guinness World Records have officially certified Shawn Dollar's 61-foot wave, at the Cortes Bank, off the coast of California, as a new paddle-in world record.
+ Surfing News |
Kitesurfing in India kicks off with the Red Bull Quila Surf 20/05/2013
The first kitesurfing competition will hit India, between 23rd-25th May, at Mandwa. The Red Bull Quila Surf will showcase 70 Indian kitesurfers in the water.
"Death loop" kills kitesurfer in Quebec 14/05/2013
A 32-year-old kitesurfer has passed away when he was sailing on the Lake of Two Mountains, in Quebec, Canada.
+ Kitesurfing News |
Taty Frans and Kiri Thode blast the Curacao Challenge 2013 17/05/2013
Taty Frans and Kiri Thode have claimed the Slalom and Freestyle titles at the Curacao Challenge 2013, in the Netherlands Antilles.
The windsurfing book for young people 14/05/2013
"Go Windsurfing!" is a windsurfing book for young people published by the Royal Yachting Association.
+ Windsurfing News |
Dan Ryan air drops into vertical Teahupoo 15/05/2013
Dan Ryan has scored epic air drops into deep barrels, in Teahupoo, Tahiti, during the largest swell of the year.
World's best tube riders fly to El Gringo 14/05/2013
The 2013 IBA GoPro Arica Chilean Challenge kicks off on the 17th May, in Arica, Chile, at the infamous El Gringo bodyboarding spot.
+ Bodyboarding News |


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Journalist Mark Langdon on European soccer.
Hibernian manager Pat Fenlon on the Scottish Cup Final and his season at Hibs
Celtic manager Neil Lennon on the Scottish Cup Final, touchline bans, and his future at Celtic
George Hamilton previews the Champions League final between Bayern and Borussia
Preview of Limerick v Sligo Rovers, the live match this Friday on RTÉ Two and RTÉ.ie.
Matt Kenderick of the Birmingham Mail speaks about Richard Dunne's expected departure from Aston Villa.
The Moose reports on the news that Tony Pulis is reportedly set to leave Stoke City.
Mark Langdon reflects on the European soccer action and previews the Champions League final.
Paddy Madden, scorer at Wembley for Yeovil Town on Saturday as they were promoted, talks to Damien O'Meara.


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Brazil Nuts, imported from South America. This is a very nutritious nut with a very hard shell.
Our delicious fresh roasted unsalted peanuts in an old time reusable burlap bag. Perfectly roasted in small batches, this nutty gift is sure to be hit.
Approximately 2 pounds of peanuts
Our perfectly roasted and salted California pistachios in an old fashioned burlap bag.
We searched high and low for the best tasting flavored pistachios. These Chili Lemon Pistachios are really great. The spicy heat of chili mixed with the refreshing taste of lemon will really make your taste buds tingle!
Smokey chipotle and sweet barbecue combine to make these unbelievably delicious Chipotle BBQ Pistachios. One taste and we promise you will finish the whole bag in a few minutes!
English Walnuts are grown primarily in California and Oregon. This delicious nut is the most popular nut in the shell.
Chestnuts roasting on an open fire...Traditional fresh chestnuts. Everyone loves that delicious taste and unforgettable smell of fresh roasting chestnuts.
We searched high and low for the best tasting flavored pistachios. These California pistachios are flavored with real crushed garlic and onion. A great combination of two lip-smacking snacky flavors!
We searched high and low for the best tasting flavored pistachios that pack the most heat. These habanero pistachios will surely satisfy your heat seeking taste buds!
A deliciously sweet and fun to crack Stuart pecan.
Harvested at just the right time, these Jumbo Hazelnuts from Oregon are quite tasty. Loaded with nutrition filberts can be eaten whole, ground, flaked or made into butter or oil.
These wonderful sunflower seeds are roasted and salted in the shell. Their unique white color is a favorite of customers, and their great taste is lots of fun!
Premium Israeli sunflower seeds are the largest on the market. Quite possibly the tastiest too! These are dry roasted and salted in the shell.
Premium Israeli sunflower seeds are the largest on the market. Quite possibly the tastiest too! These are dry roasted without salt in the shell.
Fresh, Super Jumbo Raw Peanuts from Virginia in the shell. These are the largest that are grown! For those who like to eat them raw, cook them to your own taste, or feed to your little friends.
Roasted daily to inner perfection, these Jumbo Virginia Roasted Peanuts Unsalted will surely be the highest quality and freshest nuts you will have ever tasted. We have been roasting the old fashioned way since 1929.
You asked for em, we got em! Macadamia nuts in the shell...a serious rare treat! Best suited for tropical birds like Macaws. They do taste delicious and can be eaten by people, but beware. Regular nut crackers will not open macadamia nuts in the shell!
This delicious combination of mixed nuts is a perfect assortment for the nut lover! Walnuts, Almonds, Filberts, Pecans, and Brazils will give you plenty to sample.
These baby organic pecans in the shell are delicious! Be careful though, as they are difficult to crack. Once you break through the hard shell, you will be rewarded with some deliciously sweet baby organic pecans. These organic pecans contain no additives or preservatives and are grown without pesticides.
Organic raw Valencia peanuts in the shell are all natural, raw, and organic. These are smaller than the traditional Virgina peanuts, but pack a much sweeter taste. Wonderful to snack on, roast on your own, or for birds and squirrels.
Organic dry roasted Valencia peanuts in the shell are smaller than the traditional Virginia peanuts but have a much sweeter and smoother taste.
Organic dry roasted and salted Valencia peanuts in the shell are a really great snack. Smaller than the traditional Virgina peanuts, these organic peanuts are much sweeter and make for an awesome snack.
Directly from Georgia, these Sumner Paper Shell Pecans are a much smaller and narrower pecan compared to the hard shelled Stuart. They are very sweet and in a thinner shell compared to the hard shell.
These are very hard to find, and Nuts.com is thrilled to share them with you! One taste and you will realize why all the fuss! These Indian Nuts come roasted unsalted in the shell.
All natural, peerless, grade A almonds, high in protein, calcium and zinc. These almonds are pasteurized.
Raw pine nuts in the shell are perfect for birds. While these are human grade and can be roasted, please realize that these have an extremely hard and thick shell that is very difficult to crack. We do not necessarily recommend these for human consumption.***Note: These are not Pinon Nuts (Indian Nuts).***
These scrumptious sunflower seeds can be eaten raw or cooked, and they are a good source of potassium and phosphorous.
Pistachios are an excellent and rich tasting nut that are high in potassium. Everyone will love these red and lightly salted pistachios!
A thin shell almond that is roasted and salted, these are just awesome. The shell is so thin, it easily cracks in your hand without a nut cracker. Enjoy the delicious almond inside!
Organic pistachios dry roasted and perfectly salted in the shell. Certified organic by CCOF.
Organic pistachios dry roasted in the shell. Certified organic by CCOF.
A relatively new addition, roasted and salted peanuts in the shell aren't just good; they're great. Just don't throw the shells around the house.
These lightly salted Colossal Pistachios are literally out of this world...or at least the biggest you will find in this world!
A great treat for pistachio lovers who cannot have any salt.
Delicious and fun to eat, these yummy sunflower seeds are roasted and salted in the shell.
Sunflower seeds roasted in the shell, but without any salt added. These are premium in size and taste.
Perfectly roasted pistachios with a great salt and pepper flavoring.
Roasted and salted Turkish Pistachios have some of the most exotic and tantalizing taste found only in this imported nut.
Showing 1-38 of 38
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Monday, Tuesday, Wednesday, Thursday, Friday. For further information please call Pride in your Streets 01978 298989
Click on the dot on your house to see information about which calendar your house should refer to. Once you have clicked on your house, your bin day, calendar and bin round details appear in the 'Information' area, beneath the title 'Info on Bin Collections'.If you cannot see your house (property) you should try zooming out to see a larger view of the postcode area.
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Get on the list for product trends, coupons and special offers.
This strapless push up bra will give you a perfect lift, a shapely figure and the most support even while wearing strapless. This push-up will add shape, not size.
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Load Service | Loading Company Georgia |
Loading Company | Load Service | Load and Unload Georgia Echols County |
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LOST - "Lost" - awarded the 2005 Emmy and 2006 Golden Globe for best drama series - is back for a third season of action-packed mystery and adventure that will continue to bring out the very best and the very worst in the people who are lost. In the season premiere episode, "A Tale of Two Cities," Jack, Kate and Sawyer begin to discover what they are up against as prisoners of "The Others." The season premiere airs WEDNESDAY, OCTOBER 4 (9:00-10:01 p.m., ET), on the ABC Television Network. (ABC/MARIO PEREZ) MICHAEL EMERSON, ELIZABETH MITCHELL, BRETT CULLEN
In This Photo: Ben Linus


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World GroupPlay-off
Pfizenmaier (GER), Duque-Marino (COL), Zahlavova (CZE), Ormaechea (ARG) and Kucova (SVK) win in final round of @rolandgarros qualies! #RG13 24 May 13:11 Reply
The draw for @rolandgarros is live now! #RG13 http://t.co/hKXWSQM515 24 May 09:38 Reply
However, Hercog (SLO), Nara (JPN), Savchuk (UKR), Babos (HUN) and Krunic (SRB) have not made it to the third round after losing today #RG13 23 May 16:24 Reply
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