text: TCR_Public/041127.mbx T R O U B L E D C O M P A N Y R E P O R T E R Saturday, November 27, 2004, Vol. 8, No. 261 HeadlinesADELPHIA COMMS: Reports $51.7 Million Net Loss in October 2004CATHOLIC CHURCH: Tucson's Operating Report Ended Sept. 30, 2004COMMERCE ONE: Posts $193,853 Net Loss in October 2004FASTNET CORP: Files July to Sept. 2004 Monthly Operating ReportsFEDERAL-MOGUL: Posts $1.7 Million Net Loss in October 2004FGI GROUP: Files October 2004 Monthly Operating ReportFRESH CHOICE: Reports $669,971 Net Loss for Period Ended Oct. 31HAUSER INC: Submits October 2004 Monthly Operating ReportKUSHNER-LOCKE: Releases September 2004 Monthly Operating ReportsNRG ENERGY: Earns $54.2 Million of Net Income in Third QuarterPG&E NATIONAL: USGen's September 2004 Monthly Operating ReportPILLOWTEX CORP: Monthly Operating Report Ended Oct. 2, 2004TRUMP HOTELS: Consolidated Balance Sheet at Sept. 30, 2004 *********ADELPHIA COMMS: Reports $51.7 Million Net Loss in October 2004-------------------------------------------------------------- On Nov. 24, 2004, Adelphia Communications Corporation and certain other debtor-in-possession subsidiaries of the Company filed their unaudited consolidated Monthly Operating Report for the month of October 2004 with the United States Bankruptcy Court for the Southern District of New York. The Debtors posted a $51,694,000 net loss on $331,152,000 of revenues in October 2004. At Oct. 31, 2004, the Debtors' balance sheet showed: Total Assets $52,666,801,000 Total Liabilities Subject to Compromise 46,051,025,000 Total Liabilities 50,160,118,000 Total stockholders' equity $ 1,971,171,000 Full-text copies of Adelphia's October 2004 Monthly Operating Reports were delivered to the Securities and Exchange Commission and are available at no charge at: http://www.sec.gov/Archives/edgar/data/796486/000104746904035190/a2147294zex-99_1.htm Adelphia-affiliates Arahova Communications Inc., Frontiervision Capital Corp., Frontiervision Holdings Capital Corp., Frontiervision Holdings Capital II Corp., Frontiervision Holdings LP, Frontiervision Operating Partners LP, Olympus Capital Corp., and Olympus Communications LP, also delivered copies of Adelphia's consolidated financial statements to the Securities and Exchange Commission. Headquartered in Coudersport, Pennsylvania, Adelphia Communications Corporation (OTC: ADELQ) is the fifth-largest cable television company in the country. Adelphia serves customers in 30 states and Puerto Rico, and offers analog and digital video services, high-speed Internet access and other advanced services over its broadband networks. The Company and its more than 200 affiliates filed for Chapter 11 protection in the Southern District of New York on June 25, 2002. Those cases are jointly administered under case number 02-41729. Willkie Farr & Gallagher represents the ACOM Debtors.CATHOLIC CHURCH: Tucson's Operating Report Ended Sept. 30, 2004--------------------------------------------------------------- The Roman Catholic Church of the Diocese of Tucson an Arizona Corporation Sole (Unaudited) Statement of Financial Condition As of September 30, 2004 ASSETS Total Diocese-Owned ----- ------------- Cash on hand $1,500 $1,500 Cash in Banks 1,709,558 1,709,558 Cash Equivalents 6,132,478 3,589,939 Accounts receivable, net 439,124 439,124 Grants receivable 411,000 411,000 Pledges receivable 7,000 7,000 A/R held in trust for others 980,603 - Prepaid expenses & other assets 277,878 277,878 Investments in businesses 2,394,672 2,394,672 Corp. & Gov't. bond investments 899,893 549,514 Investment in BPIC 80,850 80,850 Notes receivable, net 1,798,862 336,132 Assets securing 2002 settlement 3,000,000 3,000,000 Construction in progress 48,867 48,867 Land, buildings, and equipment 539,249 539,249 Assets held for sale 60,226 60,226 Land held for future parish sites 817,460 817,460 -------------- -------------- $19,599,220 $14,262,969 ============== ============== LIABILITIES AND NET ASSETS Liabilities: Accounts payable - post 24,605 24,605 Accounts payable - pre 29,869 29,869 Accrued expenses - post 44,543 44,543 Accrued expenses - pre 563,603 563,603 Deferred revenue 17,755 17,755 Unsecured long-term debt - pre 2,061,455 2,061,455 Unsecured parish deposits & debt 6,965,992 6,962,867 Restricted parish deposits 3,692,048 - Secured long-term debt 2,548,035 2,548,035 Custodial funds 1,641,078 - -------------- -------------- 17,588,983 12,252,732 -------------- -------------- Net Assets: Unrestricted/temporarily restricted 101,349 101,349 Permanently restricted 1,908,888 1,908,888 -------------- -------------- 2,010,237 2,010,237 -------------- -------------- Total liabilities & net assets $19,599,220 $14,262,969 ============== ============== The Roman Catholic Church of the Diocese of Tucson an Arizona Corporation Sole Statement of Operations and Charges in Net Assets September 20, 2004 through September 30, 2004 Revenues Contributions, grants and bequests $81,349 Fees for services 4,084 Rental Income 453 Insurance 165 Investment Income (19,257) Miscellaneous 442 -------------- Total Support & Revenue 67,236 Expense Program Services 639 Evangelization & Hispanic Ministry 2,187 Catechesis Office 3,898 Formation Office 1,854 Department of Catholic Schools 6,297 Clergy, religious & seminarian advancement 2,903 Catholic social mission 1,841 Supporting Services Office of Bishop emeritus 1,348 Offices of the Bishop, et al. 8,791 Office of Women Religious 1 General & Administrative 1,943 Fiscal & Employee Services 16,335 Office of Child, Adolescent and Adult Protection 2,322 Communications & Community Relations 11,970 Property Management 10,781 Insurance Administration (11,654) Reorganization 5,785 Impute interest on settlement 5,168 Depreciation 1,358 -------------- Total Expenses 73,767 -------------- Excess (deficiency) of revenues over expenses ($6,531) ============== The Roman Catholic Church of the Diocese of Tucson an Arizona Corporation Sole Current Month's Receipts and Disbursements September 20, 2004 through September 30, 2004 Cash and Bank Balance: Beginning of Month $1,640,460 Receipts Cash Sales 85,665 Accounts Receivable -- Prepetition 58,332 Accounts Receivable -- Postpetition 392 Loans and Advances 128 Sale of Assets 0 Transfers in from other accounts 19,622 Other -- Custodial Funds 73,021 Voided Checks 10,990 -------------- Total Receipts 248,150 Disbursements: Business -- Ordinary Operations 7,247 Capital Improvements 0 Prepetition Debt 0 Transfers to other DIP Accounts 19,622 Other -- Custodial Funds 152,101 Other -- Check Order 81 -------------- Total Disbursements 179,052 -------------- Cash Bank Balance -- End of Month $1,709,558 ==============The Roman Catholic Church of the Diocese of Tucson filed for chapter 11 protection (Bankr. D. Ariz. Case No. 04-04721) on September 20, 2004, and delivered a plan of reorganization to the Court on the same day. Susan G. Boswell, Esq., Kasey C. Nye, Esq., at Quarles & Brady Streich Lang LLP, represent the Tucson Diocese. The Archdiocese of Portland in Oregon filed forchapter 11 protection (Bankr. Ore. Case No. 04-37154) on July 6, 2004. Thomas W. Stilley, Esq. and William N. Stiles, Esq. of Sussman Shank LLP represent the Portland Archdiocese in its restructuring efforts. Portland's Schedules of Assets and Liabilities filed with the Court on July 30, 2004, the Portland Archdiocese reports $19,251,558 in assets and $373,015,566 in liabilities. (Catholic Church Bankruptcy News, Issue No. 10; Bankruptcy Creditors' Service, Inc., 215/945-7000)COMMERCE ONE: Posts $193,853 Net Loss in October 2004-----------------------------------------------------On Nov. 22, 2004, Commerce One, Inc. filed with the United States Bankruptcy Court for the Northern District of California its monthly operating report for the period from Oct. 6, 2004 to Oct. 31, 2004.The Company posted a $193,853 net loss on $275,274 of net sales for the 26-day period. At Oct. 31, 2004, Commerce One's balance sheet showed: Current Assets $1,090,536 Total Assets 1,181,536 Current Liabilities 800,411 Total Liabilities $9,547,393 A full-text copy of Commerce One's October 2004 Monthly Operating Report is available at no charge at: http://www.sec.gov/Archives/edgar/data/1131806/000113180604000082/exh99-1.htm Headquartered in San Francisco, California, Commerce One, Inc. -- http://www.commerceone.com/-- provides software services that enable businesses to conduct commerce over the Internet. Commerce One, Inc., and its wholly owned subsidiary, Commerce One Operations, Inc., filed for chapter 11 protection on Oct. 6, 2004 (Bankr. N.D. Calif. Case Nos. 04-32820 and 04-32821). Doris A. Kaelin, Esq., and Lovee Sarenas, Esq., at the Law Offices of Murray and Murray, represent the Debtors. When the Debtors filed for bankruptcy, they listed $14,531,000 in total assets and $12,442,000 in total debts.FASTNET CORP: Files July to Sept. 2004 Monthly Operating Reports ---------------------------------------------------------------- Fastnet Corporation (n/k/a FN Estate Inc.) filed with the U.S. Bankruptcy Court for the Eastern District of Pennsylvania its monthly operating reports for July, August and September, 2004. The Debtors' Monthly Balance Sheets show: July 31, 2004 Aug. 31, 2004 Sept. 30, 2004 ------------- ------------- -------------- Assets $6,034,696 $5,867,804 $5,687,642 Post-petition Liabilities 4,053,833 4,175,900 4,125,089 Pre-petition Liabilities 16,270,531 16,228,956 16,225,477 Stockholders' Deficit $26,377,882 $26,625,266 26,751,139 Full-text copies of the Debtors' Monthly Operating Reports are available at no charge at: July 2004 Monthly Operating Report: http://www.sec.gov/Archives/edgar/data/1092536/000101968704002654/fastnet_8kex99-1.txt August 2004 Monthly Operating Report: http://www.sec.gov/Archives/edgar/data/1092536/000101968704002654/fastnet_8kex-083104.txt September 2004 Monthly Operating Report: http://www.sec.gov/Archives/edgar/data/1092536/000101968704002654/fastnet_8kex-093004.txt On June 10, 2003, Fastnet Corporation (n/k/a FN Estate, Inc.) and on June 13, 2003, each of its subsidiaries (excluding the Company's wholly-owned subsidiary "DASLIC", a Delaware Holding Company) filed respective voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in Jointly Administered Case No. 03-23143 in the United States Bankruptcy Court for the Eastern District of Pennsylvania. Also, as reported in the Company's Current Reports on Form 8-K previously filed with the United States Securities and Exchange Commission, the Debtors have sold substantially all of their assets as a result of several transactions completed pursuant to the provisions of the United States Bankruptcy Code on and betweenDecember 15, 2003 and May 4, 2004.FEDERAL-MOGUL: Posts $1.7 Million Net Loss in October 2004---------------------------------------------------------- Federal-Mogul Global, Inc., et al. Unaudited Balance Sheet As of October 31, 2004 (In millions) Assets Cash and equivalents $297.3 Accounts receivable 624.1 Inventories 490.1 Deferred taxes 199.8 Prepaid expenses and other current assets 113.6 ---------- Total current assets 1,724.8 Summary of Unpaid Postpetition Debits (59.9) Intercompany Loans Receivable (Payable) 2,566.3 ---------- Intercompany Balances 2,506.3 Property, plant and equipment 1,044.6 Goodwill 1,178.5 Other intangible assets 452.9 Insurance recoverable 821.0 Other non-current assets 1,081.3 ---------- Total Assets $8,809.5 ========== Liabilities and Shareholders' Equity Short-term debt $358.3 Accounts Payable 208.0 Accrued Compensation 80.4 Restructuring and rationalization reserves 8.7 Current portion of asbestos liability - Interest Payable 0.3 Other accrued liabilities 303.7 ---------- Total current liabilities 959.5 Long-term debt (15.0) Post-employment benefits 1,489.0 Other accrued liabilities 967.2 Liabilities subject to compromise 6,095.2 Shareholders' equity: Preferred stock 1,050.6 Common stock 555.3 Additional paid-in capital 7,937.6 Accumulated deficit (9,643.8) Accumulated other comprehensive income (586.1) Other - ---------- Total Shareholders' Equity (686.3) ---------- Total Liabilities and Shareholders' Equity $8,809.6 ========== Federal-Mogul Global, Inc., et al. Unaudited Statement of Operations For the month ended October 31, 2004 (In millions) Net sales $278.1 Cost of products sold 229.1 ---------- Gross margin 49.0 Selling, general & administrative expenses (51.1) Amortization (1.2) Reorganization items (2.6) Interest income (expense), net (7.9) Other income (expense), net 12.4 ---------- Earnings before Income Taxes (1.5) Income Tax (Expense) Benefit (0.2) ---------- Earnings before effect of change in acctg principle (1.7) Cumulative effect of change in acctg principle - ---------- Net Earnings (loss) ($1.7) ========== Federal-Mogul Global, Inc., et al. Unaudited Statement of Cash Flows For the month ended October 31, 2004 (In millions) Cash Provided From (Used By) Operating Activities: Net earnings (loss) ($1.7) Adjustments to reconcile net earnings (loss): Depreciation and amortization 13.8 Adjustments of assets held for sale to fair value - Asbestos Charge - Summary of unpaid postpetition debits - Cumulative effect of change in acctg principle - Change in post-employment benefits 0 Decrease/(increase) in accounts receivable (2.2) Decrease/(increase) in inventories 1.3 Increase/(decrease) in accounts payable 4.5 Change in other assets and other liabilities (14.2) Change in restructuring charge (4.6) Refunds (payments) against asbestos liability - ---------- Net Cash Provided From Operating Activities (3.1) Cash Provided From (Used By) Investing Activities: Expenditures for property, plant & equipment (4.2) Proceeds from sale of property, plant & equipment - Proceeds from sale of businesses - Business acquisitions, net of cash acquired - Other - ---------- Net Cash Provided From (Used By) Investing Activities (4.2) Cash Provided From (Used By) Financing Activities: Increase (decrease) in debt (13.2) Sale of accounts receivable under securitization - Dividends - Other 2.4 ---------- Net Cash Provided From Financing Activities (10.8) Increase (Decrease) in Cash and Equivalents (18.1) Cash and equivalents at beginning of period 315.4 ---------- Cash and equivalents at end of period $297.3 ==========Headquartered in Southfield, Michigan, Federal-Mogul Corporation-- http://www.federal-mogul.com/-- is one of the world's largest automotive parts companies with worldwide revenue of some$6 billion. The Company filed for chapter 11 protection onOctober 1, 2001 (Bankr. Del. Case No. 01-10582). Lawrence J.Nyhan, Esq., James F. Conlan, Esq., and Kevin T. Lantry, Esq., atSidley Austin Brown & Wood, and Laura Davis Jones, Esq., atPachulski, Stang, Ziehl, Young, Jones & Weintraub, represent theDebtors in their restructuring efforts. When the Debtors filedfor protection from their creditors, they listed $10.15 billion inassets and $8.86 billion in liabilities. (Federal-MogulBankruptcy News, Issue No. 67; Bankruptcy Creditors' Service,Inc., 215/945-7000)FGI GROUP: Files October 2004 Monthly Operating Report------------------------------------------------------On Nov. 17, 2004, FGI Group Inc. filed a monthly operating report for Florsheim Group, Inc., et al., and its debtor- affiliates covering the period ended Oct. 31, 2004, with the United States Bankruptcy Court for the Northern District of Illinois, Eastern Division. FGI Group reports a $977,468.36 cash balance at Oct. 31, 2004, and provides a summary of cash accounts; receipts listings; disbursements listings; loan account; statement of aged receivables and accounts payable aging; tax questionnaire; and declaration. Full-text copies of FGI Group's October 2004 Operating Reports are available at no charge at: http://www.sec.gov/Archives/edgar/data/928908/000095013704010196/c89883exv99w1.txt Florsheim Group, Inc. (OTC BB: FLSC.OB), filed for chapter 11 protection on March 4, 2002 (Bankr. N.D. Ill. Case No. 02 B 08209) to facilitate a sale of its U.S. wholesale business and 23 retail stores to its U.S. assets to the Weyco Group, Inc. for $45.6 million in cash, subject to post closing adjustment.FRESH CHOICE: Reports $669,971 Net Loss for Period Ended Oct. 31----------------------------------------------------------------On Nov. 22, 2004, Fresh Choice, Inc., filed with the United States Bankruptcy Court for the Northern District of California its monthly operating report for the four-week period ended Oct. 31, 2004. The Company reports a $669,971 net loss in $1,905,614 of total revenues for the period from Oct. 4, 2004 through Oct. 31, 2004.At Oct. 31, 2004, Fresh Choice, Inc.'s balance sheet shows: Current Assets $7,135,517 Total Assets 23,245,812 Current Liabilities 6,950,244 Total Prepetition Liabilities 12,593,273 Total Liabilities 21,801,539 Total Equity $1,444,273A full-text copy of Fresh Choice, Inc.'s Monthly Operating Report for the period ended Oct. 31, 2004, is available at no charge at: http://www.sec.gov/Archives/edgar/data/893741/000115752304010975/a4770935ex991.txt Headquartered in Morgan Hill, California, Fresh Choice --http://www.freshchoice.com/ -- owns and operates a chain of more than 40 salad bar eateries, mostly located in California. Thecompany filed for chapter 11 protection on July 12, 2004 (Bankr.N.D. Calif. Case No. 04-54318). Debra I. Grassgreen, Esq., atPachulski, Stang, Ziehl, Young, Jones & Weintraub represents theDebtor in its restructuring efforts. When the Debtor filed forprotection from its creditors, it listed $29,651,000 in total assets and $14,348,000 in total debts.HAUSER INC: Submits October 2004 Monthly Operating Report ---------------------------------------------------------Kenneth C. Cleveland, President and Chief Executive Officer forHauser, Inc., advises that on Nov. 16, 2004, the Company andits wholly owned subsidiaries filed their monthly operating reportfor the month ended Oct. 31, 2004, with the Office of the United States Trustee pursuant to Bankruptcy Rule 2015 and the Trustee's Financial Reporting Requirements for Chapter 11 Cases.Citing Rule 202 of Regulation S-T and the Company's continuing hardship exemption, Mr. Cleveland explains that it is impossible to deliver an electronic copy of that financial report to theSecurities and Exchange Commission so the Company has manuallyfiled a paper copy of the Amended Reports under cover of FormSE.Headquartered in El Segundo, California, Hauser Inc. suppliesherbal extracts and nutritional supplements and provides chemicalengineering services and contract research and development. TheCompany and its debtor-affiliates filed for chapter 11 protectionon April 1, 2003, in Los Angeles (Bankr. C.D. Calif. Case No. 03-18795). Christine M. Pajak, Esq., at Stutman, Treister & Glatt,serves as legal counsel to the Debtors.KUSHNER-LOCKE: Releases September 2004 Monthly Operating Reports----------------------------------------------------------------On Nov. 22, 2004, The Kushner-Locke Company and its debtor-affiliates filed with the U.S. Bankruptcy Court for the Central District of California its unaudited September 2004 Monthly Operating Reports.For the month ending Sept. 31, 2004, The Kushner-Locke Company's Profit & Loss Statement shows: Gross Profit $0 Total Operating Expenses 85,969 Total Non-Operating Expenses 96,124 Net Income (Loss) ($182,093)For the period from Sept. 1, 2004 through Sept. 30, 2004, The Kushner-Locke Company's Cash Receipts and Disbursements Report shows: Collateral Concentration Account Account ---------- ------------- Beginning Balance $1,205,105 $20,108 Total Receipts 302,012 223,000 Total Disbursements 223,000 182,093 Ending Balance $1,284,118 $61,016Full-text copies of The Kushner-Locke Company's September 2004 Monthly Operating Reports are available at no charge at:Profit & Loss Statement: http://www.sec.gov/Archives/edgar/data/842009/000095012904009298/v03594exv99w2.htm Cash Receipts and Disbursements Report: http://www.sec.gov/Archives/edgar/data/842009/000095012904009298/v03594exv99w1.htm Headquartered in Los Angeles, California, The Kushner-Locke Company is a low-budget movie production studio. The Company,along with its debtor-affiliates filed for chapter 11 protection on Nov. 21, 2001 in the U.S. Bankruptcy Court for the Central District of California. The cases are jointly administered under case number 01-44828.NRG ENERGY: Earns $54.2 Million of Net Income in Third Quarter -------------------------------------------------------------- NRG Energy, Inc. (NYSE:NRG) reported earnings of $54 million for the third quarter ended Sept. 30, 2004. This included $11 million related to discontinued operations. Earnings from ongoing operations were $43 million. Net earnings for the nine months ended September 30, 2004 were $167 million. Year-to-date net earnings included $23 million from discontinued operations. The Company's net earnings have contributed to net cash flow generation of $554 million year-to-date. Adjusted net income, excluding discontinued operations and other nonrecurring items, was $88 million or $0.87 per diluted share for three months ended September 30, 2004 and $171 million or $1.71 per diluted shares for nine months ended September 30, 2004. Adjustments were primarily associated with asset impairments, restructuring and relocation charges and litigation settlements. "The fact that we could achieve such a healthy result and strong cash generation, notwithstanding the mild summer weather, provides further validation for our multifuel, multiregional business model," said David Crane, President and Chief Executive Officer. "It is a testament to our people that we are positioned to raise our full-year adjusted EBITDA target in a year when we have re-established the Company and are building the platform for future growth." Third Quarter Highlights * $1.6 billion of liquidity, an increase of $260 million since June 30, 2004; * $284 million of net cash flow for the quarter; and * $272 million of adjusted EBITDA. Business Summary Adjusted EBITDA by region for the third quarter 2004 was as follows: Northeast Region $110 South Central Region 30 Western Region 47 Australia 9 Other International 34 Other North America 38 Alternative Energy 6 Non-generation (Thermal) 12 Corporate - Unallocated (14) ------ Total $272 Northeast: Mild weather limited production from our intermediate and peaking plants in the third quarter. As a result, energy revenues were less than expected for the quarter from our western NY and PJM assets. The Northeast represented approximately 44% of total capacity revenues for the third quarter, largely driven by our New York City and Connecticut assets. The third quarter included three out of the six months of the summer capability period during which capacity prices in New York City were at their highest level. Several of our Connecticut facilities (Middletown, Montville, and Devon 11-14) continued to receive cost based reliability-must-run (RMR) payments, which were effective as of January 17, 2004. On November 2, 2004, NRG together with the Connecticut Department of Utility Control, the Connecticut Office of Consumer Council, ISO-New England and other parties, filed an uncontested settlement of all outstanding RMR matters for approval by the Federal Energy Regulatory Commission (FERC). We expect this development to provide NRG with certainty regarding our RMR units' revenues through 2005. South Central: Our long-term contracts generally provided for capacity and energy payments while strong generation performance, particularly out of Big Cajun 2, provided for increased merchant energy sales, resulting in higher revenues. Our South Central assets contributed 27% of our capacity revenues this quarter. These capacity payments are typically steady quarter to quarter, and are relatively unaffected by seasonal shifts. West Coast: Equity earnings from West Coast Power, our 50% joint venture with Dynegy, Inc., were higher than expected due to favorable market conditions. NRG and its partner Dynegy, Inc., continue to work with the CAISO and incumbent load serving utilities in an effort to secure a replacement contract for the California Department of Water Resources contract that expires at year-end 2004. The Cabrillo I and II RMR (net 575MW) contracts have been extended through 2005. International: Our Australian results, consisting of 100% owned Flinders and 37.5% interest in Gladstone, benefited from strong pool prices driven primarily by a significant number of plants being out of service. This drove up the prices across the National Electricity Market, including South Australia. Equity earnings from our investment located in the United Kingdom benefited from a $13 million mark-to-market gas contract adjustment. As the German assets (MIBRAG and Schkopau) are fully contracted, sales and profit are not sensitive to spikes in weather or commodity prices. Coal Sourcing: We continue to work diligently on the implementation of our long-term coal strategy. This strategy is based on an integrated approach to multisource procurement of private railcar capacity, rail transportation services and the commodity itself. The Company, during the third quarter, implemented a critical component of this strategy by ordering 1,540 new bulk coal railcars from Johnstown America Corporation. NRG expects to begin taking delivery of this railcar fleet in the first quarter 2005. Liquidity and Cash Flow Liquidity as of September 30, 2004, increased to $1.6 billion as set forth below: Corporate Liquidity (in millions) 6/30/04 9/30/04 ------------------- ------- ------- Unrestricted Cash: Domestic 676 936 International 145 169 Restricted Cash: Domestic 97 94 International 55 55 ------- ------- Total Cash 973 1,254 Letter of Credit Availability 118 97 Revolver Availability 250 250 ------- ------- Total Current Liquidity $1,341 $1,601 ======= ======= During the third quarter, NRG completed sales of non-core assets (Batesville and McClain), resulting in $27 million in cash proceeds and $449 million debt reduction. Additionally, NRG executed a purchase and sale agreement for its Kendall facility, which is expected to reduce consolidated debt further by nearly $450 million. Excluding Kendall, our net debt to total capital, excluding operating cash, stood at 50% at the end of the third quarter. We anticipate the Kendall sale to close by year-end. "As a necessary first step in our capital allocation plan, we are working to refinance our senior bank facility," said Robert Flexon, Chief Financial Officer. "Our goal for refinancing is to reduce our interest costs and to improve the allocation of capital for the benefit of our shareholders." Outlook The Company's updated outlook for 2004 is as follows: Outlook (in millions) Prior Updated --------------------- ----- ------- Reported Cash from Operations $513 $555 Reported EBITDA(4) 837 873 Adjusted Cash from Operations 441 480 Adjusted EBITDA 850 875 Through the remainder of the year, the Company's gross margin is substantially hedged. With respect to 2005, fuel supply interruptions related to Hurricane Ivan and more general market concerns about the adequacy of winter gas supplies have recently resulted in a significant increase in forward gas prices. Although we believe long term natural gas prices remain well supported we expect prices to be highly volatile and extremely sensitive to weather, in the short term. As a result, while we continue to manage our generation portfolio actively, the recent run up in forward prices has provided an opportunity to increase our hedging of coal margins for 2005. S-4 Filing On November 3, 2004, the Company filed a Registration Statement on Form S-4 with the Securities and Exchange Commission. This is the first step in the registration of the $1.75 billion of our 8% second priority senior secured notes due 2013 that were issued in December 2003 and January 2004. A full-text copy of NRG Energy, Inc.'s Form 10-Q is available for free at: http://www.sec.gov/Archives/edgar/data/1013871/000095013404016871/c89434e10vq.htm NRG Energy, Inc., and Subsidiaries Reorganized Company Consolidated Balance Sheet (Unaudited) As of September 30, 2004 Assets Current Assets Cash and cash equivalents $1,104,783,000 Restricted cash 148,919,000 Accounts receivable 242,245,000 Current portion of notes receivable 121,599,000 Taxes receivable 30,931,000 Inventory 214,980,000 Derivative instruments valuation 5,516,000 Prepayments and other current assets 196,078,000 Current deferred income taxes 989,000 Current assets -- held for sale 43,851,000 Current assets -- discontinued operations 3,042,000 -------------- TOTAL CURRENT ASSETS 2,112,933,000 -------------- Property, Plant and Equipment In service 3,439,499,000 Under construction 68,135,000 -------------- TOTAL PROPERTY, PLANT AND EQUIPMENT 3,507,634,000 Less accumulated depreciation (156,643,000) -------------- Net property, plant and equipment 3,350,991,000 -------------- Other Assets Equity investments in affiliates 689,974,000 Notes receivable, less current portion 118,200,000 Notes receivable, less current portion 612,443,000 Intangible assets 326,030,000 Debt issuance costs 60,658,000 Derivative instruments valuation 48,928,000 Funded letter of credit 250,000,000 Other assets 95,441,000 Non-current assets -- held for sale 519,986,000 -------------- TOTAL OTHER ASSETS 2,721,660,000 -------------- TOTAL ASSETS $8,185,584,000 ============== Liabilities and Stockholder's Equity Current Liabilities Current portion of long-term debt $100,105,000 Short-term debt -- Accounts payable -- trade 115,270,000 Accounts payable -- affiliates 5,301,000 Accrued taxes -- Accrued property, sales and other taxes 13,672,000 Accrued salaries, and related costs 33,362,000 Accrued interest 65,011,000 Derivative instruments valuation 18,038,000 Creditor pool obligation 25,000,000 Other bankruptcy settlement 220,492,000 Other current liabilities 127,073,000 Current liabilities -- held for sale 6,855,000 Current liabilities -- discontinued 1,752,000 -------------- TOTAL CURRENT LIABILITIES 731,931,000 -------------- Other Liabilities Long-term debt and capital leases 3,511,231,000 Deferred income taxes 143,129,000 Postretirement and other benefit obligations 113,640,000 Derivative instruments valuation 140,787,000 Other long-term obligations 385,496,000 Non-current liabilities -- held for sale 555,546,000 Non-current liabilities -- discontinued operations 1,081,000 -------------- TOTAL NON-CURRENT LIABILITIES 4,850,910,000 -------------- TOTAL LIABILITIES 5,582,841,000 Minority Interest 5,592,000 Commitments and Contingencies Stockholders' Equity Serial Preferred Stock -- Common stock 1,000,000 Additional paid-in capital 2,413,962,000 Retained earnings 178,505,000 Accumulated other comprehensive income 3,684,000 -------------- TOTAL STOCKHOLDERS' EQUITY 2,597,151,000 -------------- TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $8,185,584,000 ============== NRG Energy, Inc., and Subsidiaries Consolidated Statement of Operations (Unaudited) Three Months Ended September 30, 2004 Operating Revenues and Equity Earnings Revenues from majority-owned operations $606,663,000 -------------- Operating Costs and Expenses Costs of majority-owned operations 381,010,000 Depreciation and amortization 51,373,000 General, administrative and development 54,307,000 Corporate relocation charges 5,713,000 Reorganization charges (5,245,000) Restructuring and impairment charges 40,507,000 -------------- TOTAL OPERATING COSTS AND EXPENSES 527,665,000 -------------- Operating Income 78,998,000 -------------- Other Income (Expense) Minority interest in (earnings)/ losses of consolidated subsidiaries 128,000 Equity in earnings of unconsolidated affiliates 53,373,000 Write downs and gains(losses) on sales of equity method investments (13,524,000) Other income, net 5,502,000 Interest expense (66,883,000) -------------- TOTAL OTHER EXPENSE (21,404,000) -------------- Income (Loss) From Continuing Operations Before Income Taxes 57,594,000 Income Tax Expense 14,264,000 -------------- Income (Loss) from Continuing Operations 43,330,000 Income on Discontinued Operations, net of Income Taxes 10,891,000 -------------- Net Income (Loss) $54,221,000 ============== NRG Energy, Inc., and Subsidiaries Consolidated Statement of Operations (Unaudited) Nine Months Ended September 30, 2004 Operating Revenues and Equity Earnings Revenues from majority-owned operations $1,780,551,000 -------------- Operating Costs and Expenses Costs of majority-owned operations 1,116,021,000 Depreciation and amortization 159,547,000 General, administrative and development 136,445,000 Corporate relocation charges 12,474,000 Reorganization charges (1,656,000) Restructuring and impairment charges 42,183,000 -------------- TOTAL OPERATING COSTS AND EXPENSES 1,465,014,000 -------------- Operating Income 315,537,000 -------------- Other Income (Expense) Minority interest in (earnings)/ losses of consolidated subsidiaries (581,000) Equity in earnings of unconsolidated affiliates 117,187,000 Write downs and gains(losses) on sales of equity method investments (14,057,000) Other income, net 17,210,000 Interest expense (226,254,000) -------------- TOTAL OTHER EXPENSE (106,495,000) -------------- Income (Loss) From Continuing Operations Before Income Taxes 209,042,000 Income Tax Expense 64,866,000 -------------- Income (Loss) from Continuing Operations 144,176,000 Income on Discontinued Operations, net of Income Taxes 23,304,000 -------------- Net Income (Loss) $167,480,000 ============== NRG Energy, Inc., and Subsidiaries Consolidated Statement of Cash Flows (Unaudited) Nine Months Ended September 30, 2004 Cash Flows from Operating Activities: Net(loss)/income $167,480,000 Adjustments to reconcile net loss to net cash provided (used) in operating activities: Distributions in excess of (less than) than equity in earnings of unconsolidated affiliates (13,703,000) Depreciation and amortization 164,872,000 Amortization of debt issuance costs 22,440,000 Amortization of debt discount 15,685,000 Deferred income taxes 67,655,000 Minority interest 1,961,000 Unrealized gains on derivatives (33,232,000) Asset impairment 42,183,000 Write downs and losses on sale of equity method investments 14,057,000 Gain on sale of discontinued operations (29,924,000) Amortization of power contracts and emission credits 42,822,000 Reserve for note and interest receivable 4,572,000 Cash provided by changes in certain working capital items 128,553,000 -------------- Net Cash Provided by Operating Activities 595,421,000 -------------- Net Cash Provided by Investing Activities 210,806,000 -------------- Net Cash Used by Financing Activities (227,633,000) -------------- Change in Cash from Discontinued Operations (22,527,000) Effect of Exchange Rate Changes on Cash and Cash Equivalents (2,507,000) -------------- Net Increase in Cash & Cash Equivalents 553,560,000 Cash & Cash Equivalents at Beginning of Period 551,223,000 -------------- Cash and Cash Equivalents at End of Period $1,104,783,000 ==============NRG Energy, Inc., owns and operates a diverse portfolio of power- generating facilities, primarily in the United States. Its operations include baseload, intermediate, peaking, and cogeneration facilities, thermal energy production and energy resource recovery facilities. The company, along with its affiliates, filed for chapter 11 protection (Bankr. S.D.N.Y. Case No. 03-13024) on May 14, 2003. The Company emerged from chapter 11 on December 5, 2003, under the terms of its confirmed Second Amended Plan. James H.M. Sprayregen, Esq., Matthew A. Cantor, Esq., and Robbin L. Itkin, Esq., at Kirkland & Ellis, represented NRG Energy in its $10 billion restructuring. (NRG Energy Bankruptcy News, Issue No. 36; Bankruptcy Creditors' Service, Inc., 215/945-7000)PG&E NATIONAL: USGen's September 2004 Monthly Operating Report -------------------------------------------------------------- USGen New England, Inc. Unaudited Balance Sheet As of September 30, 2004 ASSETS Cash and Cash Equivalents $243,430,279 Accounts Receivable 136,338,365 Support Payment Receivable - Current Undetermined Fuel, Inventory and Supplies 39,444,127 Prepaid Expenses 22,516,924 -------------- Total Current Assets Undetermined Property, Plant and Equipment - net 1,447,373,949 Construction Work in Progress 45,805,980 Intangible Asset $4,186,916 Support Payment Receivable - Non-current Undetermined -------------- Total Postpetition Assets Undetermined Prepetition IC Accounts Receivable Undetermined Prepetition Accounts Receivable Undetermined Prepetition Prepaid Expenses Undetermined -------------- Total Prepetition Assets Undetermined -------------- TOTAL ASSETS Undetermined ============== LIABILITIES AND EQUITY Accounts Payable $23,324,850 Accrued Liabilities 45,753,968 -------------- Total Current Liabilities 69,078,818 Deferred Income Taxes 74,278,473 Other Liabilities 8,840,951 -------------- Total Postpetition Liabilities 152,198,242 Prepetition Accounts Payable Undetermined Prepetition IC Accounts Payable Undetermined Prepetition Market Accounts Payable Undetermined Current Debt 84,770,293 Out of Market Liabilities - Current 27,489,403 Out of Market Liabilities - Non-current 208,999,765 -------------- Total Prepetition Liabilities Undetermined -------------- Total Liabilities Undetermined Shareholder's Equity Common Stock, Additional Paid-In Capital 1,347,736,929 Other Comprehensive Income (2,530,687) Retained Earnings (256,087,429) -------------- Total Shareholder's Equity $1,089,118,813 -------------- TOTAL LIABILITIES AND SHAREHOLDER'S EQUITY Undetermined ============== USGen New England, Inc. Unaudited Income Statement For the Period September 1 to September 30, 2004 REVENUE: Contract Revenue $44,978,974 Market Energy 10,715,001 Ancillary Products 670,184 Market Capacity 242,500 Power Hedges - Other Revenue (2,230,656) -------------- Total Revenue 54,376,003 FUEL COSTS: Contract Expense 8,192,978 Fuel Expense 21,576,086 Fuel Hedges (248,040) -------------- Total Fuel Costs 29,521,024 -------------- Gross Profit 24,854,979 OPERATING EXPENSES: Direct Labor 5,525,017 Direct Materials 2,488,502 Direct Subcontractor Services 4,380,774 Other Operating 1,829,436 Bonus Accrual, Union and non-union 426,377 Ash Disposal 1,192,721 -------------- Total Station Operating Expenses 15,842,827 Corporate Expense: Corporate Labor 485,500 Bonus 306,891 Travel and Entertainment 23,801 Insurance 560,183 Professional Services 3,901,471 Other General Administrative 217,242 -------------- Total Corporate Expenses 5,495,088 General Expenses: Property Taxes 2,638,373 Interconnect Cost 105,066 Amortization - Depreciation 5,603,308 -------------- Total General Expenses 8,346,746 -------------- Total Operating Expenses 29,684,661 -------------- Total Operating Income (4,829,682) Other Income (Expenses): Lease Expense (400,000) Interest Income - NEES Receivable 1,769,716 Income - Other 6,064,748 Expense - Other - Gain (1,133,858) Bank and LC Fees (55,955) -------------- Total Other Income (Expenses) 6,244,652 -------------- Income Before Tax 1,414,970 Income Taxes (2,120,531) -------------- Net Income $3,535,501 ============== USGen New England, Inc. Unaudited Cash Flow Statement For the Period September 1 to September 30, 2004 CASH FLOWS FROM OPERATING ACTIVITIES: Net Income $3,535,501 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation 5,603,308 Amortization of intangible assets 548,167 Loss on disposal of fixed assets 1,133,858 Change in assets and liabilities: Accounts receivable (Increase) 5,410,003 Inventory (Increase) 3,337,622 Prepaid, Deposits & Other (Increase) 1,191,019 Deferred Income Taxes (Decrease) (149,143) Accounts Payable (Decrease) (2,056,421) Accrued Liabilities (Decrease) (54,047,369) Liabilities - Other (Decrease) (2,583,411) Prepetition Assets (Increase) 25,380,118 Prepetition Liabilities (Decrease) 22,287,233 Equity - Other (Increase) 1,035,104 -------------- Net cash (used in) provided by operating activities 10,625,588 CASH FLOWS FROM INVESTING ACTIVITIES: Property, plant and equipment (5,450,469) Change in Investment in Subsidiary (82) Support payments received - principle 5,833,634 -------------- Net cash (used in) provided by investing activities 383,082 CASH FLOWS FROM FINANCING ACTIVITIES: Increase in Debt - Capital Contributions - -------------- Net cash provided by (used in) financing activities - -------------- NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 11,008,670 CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 232,421,608 -------------- CASH AND CASH EQUIVALENTS, END OF PERIOD $243,430,279 ==============Headquartered in Bethesda, Maryland, USGen New England, Inc., an affiliate of PG&E Generating Energy Group, LLC, owns and operates several electric generating facilities in New England and purchases and sells electricity and other energy-related products at wholesale. The Debtor filed for Chapter 11 protection on July 8, 2003 (Bankr. D. Md. Case No. 03-30465). John E. Lucian, Esq., Marc E. Richards, Esq., Edward J. LoBello, Esq., and Craig A. Damast, Esq., at Blank Rome, LLP, represent the Debtor in their restructuring efforts. When it sought chapter 11 protection, the Debtor reported assets amounting to $2,337,446,332 and debts amounting to $1,249,960,731.PILLOWTEX CORP: Monthly Operating Report Ended Oct. 2, 2004----------------------------------------------------------- Pillowtex, et al. Consolidated Balance Sheets As of October 2, 2004 ASSETS Cash and cash equivalents $35,892,455 Accounts Receivables (Net) 12,013,754 Inventory (Net) 5,335,000 Pre-Paid Expenses 1,218,400 Other Assets 6,178,681 ----------- TOTAL CURRENT ASSETS 60,638,380 ----------- Property Plan & Equipment (Net) 0 Intangibles (Net) 0 Other Non-Current 1,811,137 Inter-Company 0 ----------- TOTAL ASSETS $62,449,517 =========== LIABILITIES & EQUITY Liabilities Not Subject to Compromise Accounts Payable 0 Accrued Expenses 33,248,989 Deferred Taxes 295,000 Professional Fees 0 Secured Debt 292,000 Other 86,001,000 ----------- Total Not Subject to Compromise 119,836,989 ----------- Liabilities Subject to Compromise Current Debt 0 Unsecured debt 25,536,132 ----------- Total Subject to Compromise 25,536,132 ----------- Preferred Convertible Stock 0 Equity Inter-Company (7,472,986) Investment in Subs 0 Additional Paid in Capital 196,004,000 Common Stock 191,000 Deferred Compensation (188,000) Retained Earnings (209,959,618) Pension Equity Adjustment (61,501,000) Translation 3,000 ----------- TOTAL EQUITY (75,450,618) ----------- TOTAL LIABILITIES & EQUITY $62,449,517 =========== Pillowtex, et al. Consolidated Statement of Operations For Three Months Ended October 2, 2004 Net Revenues $1,330,352 Cost of Goods Sold (1,735,834) ----------- Gross Profit 3,066,186 Selling, General & Administrative 2,069,010 Other (81,977) ----------- Earnings from Operations 1,079,153 Interest Expense 0 Other Income & Expenses (167,760) Reorganization Expenses Professional Fees 1,374,432 U.S. Trustee Fees 3,500 Gain/Loss from Sale of Assets 1,221,887 Other (Income)/Expense 0 ----------- Total Reorganization Expenses 2,599,319 Income Before Taxes (1,352,906) Income Taxes 0 Income (Loss) on Disposal 0 Income from Discontinued Operations 0 ----------- Net Profit or (Loss) ($1,352,906) =========== Pillowtex, et al. Actual Cash Flow For the Month of September 2004 Accounts Receivable Collections $163,000 Brown & Joseph/Atwell Fees (15,000) Accounts Receivable Personnel (17,000) Inventory Bulk Sales 100,000 Property Tax Related to Asset Sale - Property (Net) 3,118,000 Miscellaneous Proceeds (2,000) ---------- Total Proceeds 3,347,000 Prepetition Cure Cost of Capital Leases - Balance of 2003 Personal Property Tax - Alliance Street Production - Interest Expense (Term and Revolver) - Idle Facility Cost (129,000) Electric Demand Charge - Retail Store Operating Costs - Warehousing, Shipping & Billing - Freight & Duty - Manufacturing - Inventory Cleanup - Accrued Employee Expenses - Critical Vendor Payments - Continuing Medical - Terminated Medical 2,293,000 Product Liability/D&O/Workers Comp. Insurance 94,000 Corporate 102,000 Severance/Retention - Warehouse Vacation Pay - SB Capital Estate Charge Back - Early Termination Fee - DIP Fees - Professional Fees 83,000 Miscellaneous Expenses 33,000 ---------- Total Expenses 2,476,000 ---------- Net Cash Flow $871,000 ========== Pillowtex, et al. Disbursement Report For the Month Ended October 2, 2004 Net Payroll & Payroll Taxes Paid $2,482,625 Sales, Use & Other Taxes Paid - Inventory Purchases - Interest on Long Term Debt - Secured/Rental/Lease - Utilities (9,568) Insurance 27,220 Administrative - Professional Fees 184,932 U.S. Trustee's Fees - Others 171,278 ----------- Total for U.S. Trustee Fees $2,856,487 ===========Headquartered in Dallas, Texas, Pillowtex Corporation -- http://www.pillowtex.com/-- sold top-of-the-bed products to virtually every major retailer in the U.S. and Canada. The Company filed for Chapter 11 protection on November 14, 2000 (Bankr. Del. Case No. 00-4211), emerged from bankruptcy under a chapter 11 plan, and filed a second time on July 30, 2003 (Bankr. Del. Case No. 03-12339). The second chapter 11 filing triggered sales of substantially all of the Company's assets. David G. Heiman, Esq., at Jones Day, and William H. Sudell, Jr., Esq., at Morris Nichols Arsht & Tunnel, represent the Debtors. On July 30, 2003, the Company listed $548,003,000 in assets and $475,859,000 in debts. (Pillowtex Bankruptcy News, Issue No. 71; Bankruptcy Creditors' Service, Inc., 215/945-7000)TRUMP HOTELS: Consolidated Balance Sheet at Sept. 30, 2004---------------------------------------------------------- Trump Hotels & Casino Resorts, Inc. Unaudited Condensed Consolidated Balance Sheets At September 30, 2004 (In Thousands of Dollars) ASSETS Current Assets: Cash and cash equivalents $124,047 Receivables, net 35,330 Inventories 11,619 Prepaid expenses & other noncurrent assets 16,512 ----------- Total current assets 187,508 Investment in Buffington Harbor LLC 28,384 Property and equipment, net 1,724,570 Deferred bond and loan issuance costs, net 21,548 Other assets 75,614 ----------- TOTAL ASSETS $2,037,624 =========== LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Current maturities of long-term debt $34,309 Accounts payable and accrued expenses 173,941 Due to affiliates, net 3,201 Accrued interest payable 83,824 ----------- Total Current Liabilities 295,275 Non-current liabilities: Long-term debt, net of maturities 1,788,541 Long-term debt, related parties 15,888 Other long-term liabilities 23,842 ----------- TOTAL LIABILITIES 2,123,546 ----------- Stockholders Equity: Common stock, $.01 par value, 75,000,000 shares authorized, 32,101,493 issued, 29,904,764 outstanding 321 Class B common stock, $.01 par value, 1,000 shares authorized, issued and outstanding - Additional paid in capital 470,566 Accumulated deficit (536,609) Less treasury stock at cost 2,196,729 shares (20,200) ----------- TOTAL STOCKHOLDERS' EQUITY (85,922) ----------- TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $2,037,624Headquartered in Atlantic City, New Jersey, Trump Hotels & Casino Resorts, Inc., through its subsidiaries, owns and operates four properties and manages one property under the Trump brand name.The Company and its debtor-affiliates filed for chapter 11 protection on Nov. 21, 2004 (Bankr. D. N.J. Case No. 04-46898 through 04-46925). When the Debtors filed for protection from their creditors, they listed more than $500 million in total assets and more than $1 billion in total debts. *********Monday's edition of the TCR delivers a list of indicative prices for bond issues that reportedly trade well below par. Prices are obtained by TCR editors from a variety of outside sources during the prior week we think are reliable. Those sources may not, however, be complete or accurate. The Monday Bond Pricing table is compiled on the Friday prior to publication. Prices reported are not intended to reflect actual trades. Prices for actual trades are probably different. Our objective is to share information, not make markets in publicly traded securities.Nothing in the TCR constitutes an offer or solicitation to buy or sell any security of any kind. It is likely that some entity affiliated with a TCR editor holds some position in the issuers' public debt and equity securities about which we report.Each Tuesday edition of the TCR contains a list of companies with insolvent balance sheets whose shares trade higher than $3 per share in public markets. At first glance, this list may look like the definitive compilation of stocks that are ideal to sell short. Don't be fooled. Assets, for example, reported at historical cost net of depreciation may understate the true value of a firm's assets. A company may establish reserves on its balance sheet for liabilities that may never materialize. The prices at which equity securities trade in public market are determined by more than a balance sheet solvency test.A list of Meetings, Conferences and Seminars appears in each Wednesday's edition of the TCR. Submissions about insolvency- related conferences are encouraged. Send announcements to firstname.lastname@example.com. Each Friday's edition of the TCR includes a review about a book of interest to troubled company professionals. All titles are available at your local bookstore or through Amazon.com. Go to http://www.bankrupt.com/books/to order any title today. Monthly Operating Reports are summarized in every Saturday edition of the TCR.For copies of court documents filed in the District of Delaware, please contact Vito at Parcels, Inc., at 302-658-9911. For bankruptcy documents filed in cases pending outside the District of Delaware, contact Ken Troubh at Nationwide Research & Consulting at 207/791-2852. *********S U B S C R I P T I O N I N F O R M A T I O NTroubled Company Reporter is a daily newsletter co-published by Bankruptcy Creditors' Service, Inc., Fairless Hills, Pennsylvania, USA, and Beard Group, Inc., Frederick, Maryland USA. Yvonne L. Metzler, Emi Rose S.R. Parcon, Rizande B. Delos Santos, Jazel P. Laureno, Cherry Soriano-Baaclo, Marjorie Sabijon, Terence Patrick F. Casquejo and Peter A. Chapman, Editors.Copyright 2004. All rights reserved. ISSN: 1520-9474.This material is copyrighted and any commercial use, resale or publication in any form (including e-mail forwarding, electronic re-mailing and photocopying) is strictly prohibited without prior written permission of the publishers. Information contained herein is obtained from sources believed to be reliable, but is not guaranteed.The TCR subscription rate is $675 for 6 months delivered via e-mail. Additional e-mail subscriptions for members of the same firm for the term of the initial subscription or balance thereof are $25 each. For subscription information, contact Christopher Beard at 240/629-3300. *** End of Transmission ***


text: Page ContentIn difficult economic times, businesses need to make the best use possible of their resources. This includes any tax attributes available to them to offset taxable income or gains they may have. This BLG Bulletin discusses some of the planning opportunities that a Canadian corporation may have for using tax losses of a related Canadian corporation. (...) Using Tax Losses within a Corporate Group

subset: commoncrawl


text:
Back to News and Event Listings
May 31, 2018 Dr. Fedrizzi-Williams selected as Central Penn's 10th President
Following a unanimous vote by the Central Penn College board of directors, Linda Fedrizzi-Williams, Ed.D., was named the 10th president of Central Penn College. She joined the college in July 2016 as provost/vice president of Academic Affairs and has been serving as interim co-president for the past nine months.
Throughout Dr. Fedrizzi-Williams' 13 years of higher education experience, she has demonstrated a commitment to academic excellence, progressive administration-faculty partnerships and positive student outcomes.
"I am looking forward to leading Central Penn College and building on the school's history of educating the future leaders of tomorrow," said Fedrizzi-Williams.
In her former role as provost, Fedrizzi-Williams provided leadership for all operations at the college and oversaw a $19 million budget. She managed all instruction and student support, including program development, personnel decisions, budget and resource allocation, strategic planning, and assessment for Academic Affairs and Student Services.
She holds bachelor's and master's degrees from Marist College in Poughkeepsie, New York, in communication and organizational communication, respectively. She earned her doctorate in education from Benedictine University in Lisle, Illinois.
"Dr. Fedrizzi-Williams has been an integral part of Central Penn College for the past two years, and we believe she is the best choice to lead the school in the upcoming years," said Dr. Carol Wilson Spigner, chair, Central Penn College board of directors. "Her vision, her inclusive leadership style, and her sure-handed grasp of the challenges that the college faces in the immediate and long-term future all led to the board's unanimous selection."
"I plan to hit the ground running," said Fedrizzi-Williams. "I believe Central Penn College has a great future providing the career-focused education that students in Pennsylvania and beyond are looking for."
The announcement came after a nine-month national search that resulted in a diverse pool of highly competitive candidates. The search included college community feedback.
"After extensive interviews with the search committee and meetings with faculty, staff and students, it was quite apparent that Dr. Fedrizzi-Williams is an excellent fit for Central Penn," says Spigner. "She has been doing a superior job as co-president. She has an in-depth understanding of Central Penn's mission, and we believe she'll be an incredible advocate for the college."
Dr. Fedrizzi-Williams officially begins her duties as Central Penn College president on June 18.


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Republican candidates Brian Kemp and Casey Cagle will square off Tuesday in a run-off election that will decide who will run against Democrat Stacey Abrams for the next governor of Georgia.
In the race to replace current Lieutenant Governor Casey Cagle, voters will decide between Republicans David Shafer and Geoff Duncan in the election against Democratic candidate Sarah Riggs Amico. Shafer recently picked up the endorsement of Governor Nathan Deal.
There are several other races to be voted upon on July 24. They include Democratic elections for the state's 6th and 7th Congressional Districts. In District 6, voters will decide if Lucy McBath or Kevin Abel will face Republican Karen Handel.
In District 7, Carolyn Bourdeaux will square off against David Kim for the right to face Republican candidate Rob Woodall in November.
Many other municipal, county government and school board elections will be held.
Polls are open from 7 a.m. to 7 p.m. on Election Day
Gubernatorial, congressional candidates and others square off in run-off election on Tuesday was originally published on atlantadailyworld.com


text:
|Professional Automotive Repair Technical Discussions for April 27, 2005
International Automotive Technicians' Network (iATN) - Members Only
|(Also Available: All, Asian, Chrysler, European, Ford, GM.)
|Vehicle Owners: If you are seeking an automotive repair professional to service your vehicle, visit the iATN Repair Shop Finder.
Open Help Requests for European
|Help Request
|1999 Audi A4 2.8L output flange VIN: WAUED28DXX
Hello Group, We have an 1999 Audi A4 in the shop that has been recently repaired due to being driven over a curb.The car was repaired at a very competent body shop that I send alot of work to. The car impacted hard enough to blow both tires and wheels on the...
|1999 Audi A4 1.8L abs VIN: WAUBB28D9X
hello i have a problem trying to recode a used abs punp i have the code it is 00021 i beleive for auto trans. but i am using ross-tech vag-com and it is asking for a login # this is what i cant find does any one know what this number is. thanks for any help ma...
|1999 Audi A4 1.8L Misfire, MIL Lamp on VIN: WAUCB28D3X
i got this car come in with engine misfiring & engine lights on! only one fault code p0302 show up at menory. i check the engine compression. it show normal (all 185 psi). check ignition coil for spark. found the #2 cylinder no spark. switching ignition coil &... Trouble codes: P0302
|1995 BMW 325i 2.5L srs VIN: WBABJ6326S
Car driven in to us to reset SRS light, unable to access control unit. Two scanners unable to access any of the control units, both scanners are good. I've checked power and ground at the data link connector, everything checks ok. All wiring for ignition switc...
|1998 BMW 740i 4.4L Limp home always VIN: WBAGF8324W
Transmission is a 5HP24. Scan tool (Autologic) shows no activity on any solenoid 1,2 or 3, all off. Shows it to be in 4th gear. Scanned and cleared all codes, same result. Pressure actuator 4 and solonoid 3. Removed connectors to the AGS Trans. Control Unit, p...
|1999 Jaguar XJ8 4.0L MIL Lamp on, intermit reduced per VIN: SAJHX104XX
Hi guys...first time user. Have a little knowledge of Jags and only Alldata for info. There are a couple of things that are odd about this veh. Even though it has one lean and one rich code the LTFT on both banks is at -22% and at a constant cruise the STFT wi... Trouble codes: P0172 (bank 1 too lean), P0175 (bank 2 too rich), P0455 (evap large leak)
|2001 Jaguar S-Type 3.0L Misfire, MIL Lamp on VIN: SAJDA01N41
Hello gang I need your help in fixing this Jaguar, I keep getting code for cylinder #5 misfire. Replaced spark plugs and swapped coils #5 to #1 but the misfire stays in #5. I think that there is a chance I may have the wrong cylinder location. Can somebody ple... Trouble codes: P0305
|1995 Mercedes-Benz S320 SWB 3.2L Poor Idle Quality, MIL Lamp on VIN: WDBGA323ES
hi all you mbz techs, i'm having alot of trouble on the info avaible for this codes. we have alldata and mitchell. they both point to either the t/b servo or the module for the t/b servo. the flow charts really stink. need help on the diagnoses. thanks guys. Trouble codes: 022 (ea or cc in limp-home mode), 014 (tpm controller fault), 009 (tpm controller fault), 182 (fuel cut-off)
|2000 Mercedes-Benz ML320 3.2L lateral accel sensor VIN: 4JGAB54E9Y
I need help in locating the lateral acceleration sensor for the esp system on this ML. alldata shows a pic of it being next to a rotational speed sensor of some sort about midway in the vehicle. As soon as I begin to drive vehicle the esp light comes on and co...
|2001 Mercedes-Benz S600 5.8L auto trunk VIN: WDBNG78J91
Hey Guys, I have this 01 s600AMG with auto opening and closing trunk lid. When you open it, the lid goes up half way and stops. You can hear the pump (next to battery) click off. You can easily push it up the rest of the way open. When you touch the button fo...
|1995 Porsche 911 Carrera 3.6L camshaft
hi, i have this motor which was removed because of an accident and the left (passenger) camshaft got damaged at the back didn't damage anything also, i apologize for not having vin but i don't have the car it is at the bodyshop. aldatta requires a few special ...
|1993 Volkswagen Jetta GL 2.0L Sunroof VIN: 3VWRL01H2P
We installed the used assembly it will tilt up and close ok, but will not retract. It will retract manualy and close electricaly but we cannot get it to open electricaly. Also if retracted manualy halfways you still cannot get to finish opening under power, no...
|1999 Volkswagen Passat GLX 2.8L Poor Idle Quality, Hesitation, Stall, MIL Lamp on VIN: WVWPD63B5X
Hello VW tech's, Another shop sent us this car because they replaced the throttle body w/ a new oe unit, and they needed us to perform the basic setting for them. We are not able to achieve the basic setting because the values dont look right to me. When I en... Trouble codes: 17966 (P1558 Throttle actuator electrical malfunction), 16795 (P0411 Secondary air injection inncorrect flow detected)
|2001 Volkswagen Jetta GLS 2.0L inter. check engine VIN: 3VWSB69M71
I was wondering if anyone has ran into this code before. I have cleared the code a few times and it keeps coming back. At first thought airflow meter was bad, replaced and it came back, so replaced again and after about a month came back again. looked in all d... Trouble codes: P0103
|2004 Volvo V70 2.5T AWD 2.5L shift from park to drive VIN: YV1SJ59H84
hi, this car was involved in an accident on the left front no damage to the transmition customer bought it smashed now after repairs car has a hard shift only from park to drive reverse is smooth and so is all other shifts no lights flashing. i only have obdii...
Fixes & Summaries for European
|1995 BMW 525i 2.5L Stall, OIL CONSUMPTION VIN: WBAHD6322S
we cleaned out the throttle body and the oil seperator under the intake manifold. we ran run right cleaner thru the intake, rechecked compression, all cyls 180 psi now. the oil seperator seemed the major problem, all gummed up.replaced some of the breather hos...
|2001 BMW 325i 2.5L reminder light VIN: WBAAV33401
Thanx again Gang, Just shows that two (seven) heads are better than one. Special Thanx to Dana [...] for actually printing out the instruction for me. Bernie
|1997 Mercedes-Benz C280 2.8L trans shift VIN: WDBHA28E6V
this one left without repair work being done, but here's the info I have as far as I went on diagnostics. after clearing trouble codes relating to speed and turbine sensors inside the trans. which initially sent the trans into 'limp mode'. I drove the vehicle ...
|1999 Mercedes-Benz E430 4.3L starter VIN: WDBJF70H5X
Okay, I was a little skeptical about putting grease on the ring gear and making the customer happy in this instance, but it worked. Almost all of your replies on this one indicated that according to MB tech. service bulletin, I needed to lube the starter and r...
|2000 Mercedes-Benz CLK320 3.2L Hesitation, Surge, Cuts out, MIL Lamp on VIN: WDBLJ65G5Y
Several people suggested problem was a defective maf did not peruse that, as it could not possibly explain the loss of fuel pressure and/or the erratic fuel gauge. 3 people knew of problems with the seals in the fuel tank transfer system (has 2 tanks operating... Trouble codes: P0170, P0173.
|1995 Volkswagen Passat GLX 2.8L No Start, LONG CRANK HOT VIN: WVWEE83A6S
thanks for the quick replys what i found was the fuel supply line inside the tank was rubbed through, so i swapped it with the return line to verify i have fixed it, and now i am waiting for a new line and the add on check valve from vw, thanks again for getti... Trouble codes: 00758 (secondary air system), 00513 (engine speed sensor-g28).
|1997 Volkswagen Passat TDI 1.9L transaxle VIN: WVWGG83A7V
i only recieved two replies which i most appreciate and thank you guy's for. sounds like this problem is not around much. customer has taken car and will wait till noise gets worse. thanks for your time. cliff@ reborn automotive.
|2001 Volkswagen Jetta Wolfsburg Edition 1.8L Hesitation, Stall, MIL Lamp on VIN: 3VWPD69M61
Had 7 good replies to my problem I went with cleaning the throttle and resetting the epc module. I told the cust. it might be better to replace it since the problem is so inter. ,but they wanted to try this first,Its been 2 weeks talked to the cust. yesterday ... Trouble codes: 17705 (turbo/throttle valve pressure loss), 17953 (throttle actuator malfuction), 17579 (angle sensor 2 malfuction).


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Owners of certain HP LaserJet Pro printers are being advised to protect themselves against a security vulnerability "as soon as possible", after researchers found it was possible to remotely access admin passwords and other information.
Tag Archives | LaserJet
HP patches printer firmware flaw, but leaves customers guessing
Author: Graham Cluley
Published January 5, 2012 1:41 pm in Data loss, Guest blog, Malware, Naked Security, Vulnerability 0
There's a serious security vulnerability on some HP LaserJet printers.
The good news is that it's now been patched.
The bad news is that you don't know if your HP LaserJet printer needs the fix - because HP hasn't told you.
HP LaserJet printers at risk of fiery hacker attack
Author: Graham Cluley
Published November 29, 2011 3:40 pm in Data loss, Guest blog, Malware, Naked Security, Privacy, Vulnerability 0
Researchers claim to have discovered a security vulnerability in "tens of millions" of HP LaserJet printers that could allow a remote hacker to install malicious firmware.


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When Jo-Anne, 16, fell ill, doctors diagnosed her with glandular fever. But when she deteriorated rapidly she was moved into intensive care. Mum Anne, 46, watched as medics fought to save Jo, discovering she had a rare disease – hemophagocytic lymphohistiocytosis (HLH) – which was attacking her own organs. Tragically, it was too late and Jo whispered, 'I love you Mum,' before she died. Now Anne is raising awareness of the cruel illness. Her awareness-raising story was published in Chat magazine today.
If you have a story to share please use the contact form, alternatively you can contact me on 07815004423 or email firstname.lastname@example.com


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Monticle focuses on inspiring and training youth and young adults through heuristic approach. Our programs cater to individuals' personality, potential and goals; aiming at assisting the next generation of leaders in building their self-confidence, self-understanding, improving their skills of problem-solving, and finding their values in life.
The idea of Monticle was conceived when Chief Instructor Billy Lui set out for his annual Arctic Circle expedition back in 2000. A long-time friend suggested if he can take his 2 teenage children along to explore the great wilderness of Canada, as it would be a valuable experience, to which Billy agreed.
Something remarkable happened after the trip, when the children returned. They were more focused, disciplined, and attentive to details; much to the surprise of their parents. When enquired about the wondrous transformation, Chief Instructor Billy had no further conclusion than it was Mother Nature's magic and the life lessons learned in the hardship of back country that had changed them for the better. From that point on, the idea of an educational organisation that focuses on helping youth was kindled.
Started with an annual one-day free admission event for local community in 2004, Monticle has been growing steadily to become what we are today, a leading organisation in the field of youth training; while continue staying true to our belief: changing the world, one person at a time.
Rather than a traditional camp which concentrates on physical activities, Monticle is a training camp that emphasises on strengthening the youth's willpower and perseverance.
We mentor future leaders to nourish their positive traits, improve their communication, management skills and logical thinking through various techniques to reach their full potential. All the trainings are carried out with the utmost purpose of equipping youth with the best skillsets to face any challenges that may come their way in the future.
As one of Canada's leading training facilities in leadership and experiential learning, Monticle provides exciting opportunities for self-development and achievement. Our mission of inspiring others to become successful leaders in the future keeps us motivated and driven with a purpose.
At a young age, I understood the hard work and effort it took to accomplish the goals I set for myself. It is without a doubt, the professionals, advisors, and mentors throughout my life play a big part in giving me the confidence and encouragement I needed to succeed. Especially among the youth, I hope they can find inspiration throughout their journey in life or in those they meet at a Monticle experience.
Since our humble beginnings as an official non-profit organization in 2009, we are proud to have achieved many milestones in our development thus far. The ever-successful Monticle Challenge youth leadership event paved the way for new and exciting activities and programs for both youth and adults. Our new strategic plan not only continues to deliver top quality training programs for Canadians, but also expands across boundaries to extend the same innovative education-enhancing experiences on a global scale.
More importantly, the passion and dedication of our valued teammates and volunteers have proven that no challenge is too tough to overcome, and no mountain is too high to climb. On behalf of Monticle, I would like to give special thanks to all our supporters including sponsors, partners, and especially the parents of Monticle's youth community for their contribution in making a difference. We truly appreciate your support and we are honoured to play a part in the development of your child. For those new to the organization, I encourage you to browse through our website to learn more about us.
Welcome to the Monticle family. Let us move forward with hope and inspiration for our future generation.
Lieutenant-Colonel Hirji
Executive Director
© 2017 Monticle Inc. All rights reserved.


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Paul Mampilly Strides in the World of Finance and His Advice on Stock Investment
Paul Mampilly is the senior editor of Profits Unlimited, True Momentum and Extreme Fortunes at Banyan Hill Publishing, which is an independent research firm and publishing house whose primary focus is on publishing investment newsletters and research advisories. Paul founded the newsletter Profits Unlimited, which directs subscribers into stocks that are aimed to go higher than others. He is also a manager of two trading services, which include Extreme Fortunes and True Momentum. His main aim is to assist mainstream Americans to use unique opportunities, technology, and stocks with value to accumulate wealth, and https://www.dailyforexreport.com/paul-mampilly-struck-gold/.
In 1991, Paul Mampilly acquired a Bachelor's degree in Business administration, accounting, and finance from Montclair State University. In 1997, Paul got a Master's in Business administration in finance from Fordham Gabelli School of Business. He began his career on Wall Street in 1991 at Bankers Trust Company where he served as an Accounts Administrator. Karl then moved up to higher ranks in Deutsche Bank and ING where he was responsible for managing multi-million dollar accounts. In 2006, Kinetics Asset Management firm owners recruited him to manage their Hedge Fund, and it was during this period of his leadership that the firm's assets quickly raised to $25 billion. That caused the Barron's to name it one of the world's best hedge funds.
Paul Mampilly has won various awards including the Templeton Foundation investment competition. He is frequently featured on Fox Business News, Bloomberg TV, and CNBC. Paul has invested in Sarepta Therapeutics and Netflix both of, which have given him substantial gains. His outstanding list of clients includes Swiss private banks, European aristocracy, the Templeton Foundation, and Fortune 500 companies such as Sears and giant banks like the Royal Bank of Scotland. Paul Mampilly then retired from Wall Street and put his focus now on helping the everyday people acquire money from their investment. He guides them on the companies to invest in and when they should invest. Paul then directs them on when to sell to avoid losses and therefore make profits out of it, and learn more about Paul Mampilly.
The technology of 'getting chipped,' which involves surgically putting a radio-frequency ID or RFID chip in between the thumb and forefingers is a technology that Paul Mampilly supports. With this chip, employees can access various things without a need for keys, passwords, license, and credit or debit card. He states that this technology will help improve peoples' lives as it will make it easier to pay for things and will also help save a lot of hours per year because the time spent looking for these things will have been reduced. Paul believes that the world is moving in the direction of chipping and has, therefore, added stocks related to this technology in his portfolio in Profits Unlimited.


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Entertainer Jimmy Buffett's themed entertainment restaurant and merchandise chain, Margaritaville, will open on Grand Cayman next year.
Margaritaville Cayman Islands will be in the soon-to-be remodelled Anchorage Centre in central George Town and will take up more than 15,000 square feet of space.
Buffett will come to Cayman to perform at the new location, which has a target date for opening of 1 May, 2006.
Features of the Margaritaville here include a water slide into an upstairs swimming pool, a swim-up pool bar and spas.
'Margaritaville is a high-energy bar, restaurant, nightclub, water sports emporium,' said Brian Jardim, managing director of Margaritaville operations in the Caribbean. 'It offers a multi-layered entertainment experience.'
Mr. Jardim said patrons tend to spend several hours in Margaritaville and that shopping is often part of the visit.
'Margaritaville merchandise is very strong and a big component of what we do,' he said.
A specific logo has been designed for Margaritaville Cayman Islands that features a parrot with a pirate hat, bandana and eye patch.
The logo will not be the only aspect of Cayman culture infused into the Margaritaville here.
'We try to adopt features of the area where we are to give it the flavour of the local experience,' Mr. Jardim said.
That local flair includes food, although Margaritaville will also carry the signature dishes it is known for elsewhere.
'We'll certainly have Jimmy Buffett's cheeseburger in paradise on the menu,' he said. 'The food is terrific.'
As far as drinks, Margaritaville earns its name by offering 52 different tropical flavours of margaritas.
'There's one for every week of the year,' said Mr. Jardim.
With its harbour front location, Margaritaville will certainly be popular with tourists, but Mr. Jardim said it will also cater to residents.
'It is absolutely a destination in itself, but we are very serious about the local market,' he said. 'Locals are a huge part of what we do, and we want to make sure they feel very welcome.'
Most of the establishment will be on the upper level, but the retail element will also have a presence on the ground floor.
The water slide will make its way down from the tower part of the structure and a clear section of the slide will travel over part of the inside bar area, Mr. Jardim said.
Architect John Doak of Cayman Style said the Anchorage Centre will be entirely transformed.
'It will be quite unrecognisable from what is there presently,' he said. 'People are amazed when they see the drawings because they can't see where the original building used to be.'
Mr. Doak said the design of Margaritaville draws heavily on Cayman's nautical maritime traditions.
'It's very Caribbean, very Jimmy Buffett, and very relaxed,' he said.
Balconies and terraces will overlook the harbour and the Anchorage Centre courtyard, which will be heavily landscaped, Mr. Doak said.
'There will be a whole new atmosphere around the courtyard.'
The facility will accommodated between 400 and 450 people, but the facility's layout will allow for a lot of flexibility, Mr. Doak said.
'It's designed to entertain different sized groups and individuals,' he said.
Margaritaville will feature an intimate nightclub with a top-of-the-line sound and lighting system, and in another section, one of the largest bars in Cayman.
'Every corner in the place has a special atmosphere,' Mr. Doak said.
Mr. Jardim said Margaritaville's general manager has already been selected from Cayman and is being trained in Jamaica and the United States.
The establishment will require an estimated 125 staff members, Mr. Jardim said.
Other Margaritaville cafes locations include Key West, New Orleans, Las Vegas, Orlando and Myrtle Beach in the United States. There are also four locations in Jamaica and one in Cancun.
Another location in Grand Turk is also scheduled to open within the next year.
Mr. Buffett will make an appearance and perform at Margaritaville Cayman, although perhaps not for the opening.
'He brings his beach band, which has six to eight members,' Mr. Jardim said.
In a released statement, Mr. Buffett said he was excited about coming to the Cayman Islands.
'As the imaginary world of Margaritaville becomes reality across more of the Caribbean it particularly gives me a great deal of pleasure to showcase the culture and work directly with the local people of the islands that have had such a huge effect on my life and career,' he said.
'Besides it's a good excuse to do a little more bone fishing in the Caymans."


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My Appearances
I WAS APPEARING at Saffron Restaurant in Howard Beach, Queens.
Wednesday evenings, from 7-9
Oh well, that gig is gone for now. They come and they go.
I also play around the Central Park area - at the foot paths and in the arches around the Upper East Side, and at the steps of the Metropolitan Museum of Art. Can't really give you a schedule - it's weather permitting, and I have to be lucky (and early) to get a good spot these days.
At the 79th Street entrance of Central Park
Glade Arch, bet 76th and 79th, East Side of Park
Greywacke Arch, directly behind the Met, 82nd st East Side of Park
At the steps of the MET, 82nd to 83rd Streets, 5th Avenue, NYC
|email me at email@example.com


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On Friday 2nd February 2018, Ms Amanda Scott of the Simon Community which deals with Homelessness came into the College to speak with the Year 14s about the issues of homelessness. It was interesting and insightful talk and the senior pupils were left with a lot of key issues to reflect upon within the societal problem of homelessness.
Year 14 Talks - Simon Community
2nd Feb 2018 in Events


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Tigers Own Ole Miss in Oxford
Mustapha Herron scored 16 points in the Tigers victory over Ole Miss (AuburnTigers.com)
If you were to read one of the articles from reporters who didn't watch the game or took a cursory look at the score, you might assume a few things about Auburn basketball's win last night in Oxford. The Tigers' 20th win was a solid nine-point victory for the SEC's top team. That's an accomplishment Auburn has managed only one other time this early in the season. It also took place on January 30th, exactly 20 years ago.
A slightly deeper look would show that Auburn was up significantly more than than nine points in the last few minutes of the game before Ole Miss was able to score some garbage time points. No, Patrick Keim and other reserve players weren't on the floor when the Rebel starters sank the last few buckets. Ole Miss earned them for sure. And no, Ole Miss wasn't blown out the entire game as the spread in the waning moments made it appear. The last few minutes don't always represent the game accurately.
This was a good, hard-earned win for Auburn. Despite Ole Miss being a mid-tier team, it possesses some quality wins over good SEC teams. Auburn blew the Rebs out 20 days ago, but this time around Ole Miss had a red hot Deandre Burnett back on the floor, adding to the challenge of playing the Rebels on their home court.
Bryce Brown was able to keep Burnett in check, limiting him to near his average. Burnett was coming off of two straight 20+ point games, but he still led the Rebels with 16 points.
However, the true back breaker for Ole Miss was Jared Harper's work in stopping the other guard, Breein Tyree. When Ole Miss was leading, or keeping it a one-possession game, it was Tyree's ball movement that kept the Rebels in the game. His six points to end the first half kept Ole Miss close. Harper adjusted in the second half and stopped the ball movement.
It wasn't just Tyree off the dribble that hurt Auburn as much as it was the space that he created on the floor for the Rebels' attack. Unfortunately for Ole Miss, the Rebels didn't shoot very well, only 41 percent from the field and a dreadful 23 percent from long range, but Ole Miss' spacing kept Auburn from being able to rebound long bounces off the rim following long shots. Ole Miss pulled down 16 offensive rebounds. Almost every bad bounce went Ole Miss' way, which really helped the Rebels even though it was apparent that Auburn was the better team.
The Tigers really struggled with Ole Miss' length on the inside as poor shots were taken and sometimes rejected all together. It didn't help that Auburn couldn't convert on the simplest of offensive putbacks. Auburn pulled down 19 offensive rebounds but missed almost every single dunk attempt. Bryce Brown, however, couldn't miss, and it wasn't from downtown. His rebounds in the paint led to at least three short putbacks. He led all scorers with 23 points, hitting 3–7 from beyond the arc. Auburn only hit 9–28 from downtown in an off night, but it was enough to overcome the Rebels' inside domination.
Desean Murray's nine points were the fewest among Auburn's five starters. On the other hand, Ole Miss relied on the bench for 26 points—more than three times as many as Auburn's eight.
Other stories for the night were the continual presence of SEC referees, who made the first half of this game utterly unwatchable. Ole Miss was in the double bonus extremely early the contest, and Auburn shot poorly from the line. The Pavilion was extremely loud with chants of "FBI." However, the crowd disappeared altogether when Auburn took a 13-point lead midway through the second half.
Ole Miss did put things on tape for the upcoming hard stretch of games left on Auburn's schedule. Future opponents now know that Auburn can be dominated inside and limited with time-eating possessions.
Auburn returns home Saturday to play Vanderbilt. ESPN gives Vandy an 11.5 percent chance to win in what has been an underwhelming season for the 'Dores. At 8–14 Vandy is in the SEC basement despite taking Kentucky to overtime in its last contest inside Rupp Arena.
Forward Jeff Roberson should be the only 'Dore to be a problem for the Tigers. He leads the Commodores with 15 points per game. However, at 6' 6″ he won't be a mismatch for Auburn's Anfernee McLemore or Horace Spencer. Riley LaChance can hurt Auburn from the outside, but Bryce Brown has done well at limiting long ballers.
The Tigers and Commodores tip off at 7:30 on the SEC Network.
Make sure to follow me @Best5Zach on twitter for in-game action.


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@listener42My Tweets
Josh Roseman
- Good thing my seatmate got sick. We bought seats 27 and 28, but the row ends a little soon...My cookies are micro-burgers. They're quite good.Hmm... That's never happened before...Had to get a shot today and apparently I did an extra good job because I got a Batman band-aid.#wh2096 putting the right team on top. #superbowlIs it just me or did someone hide a #klingon D7 battlecruiser in the wall tiles of the first floor men's room?
Tag Archives: polly walker
SIX OF THE BEST… fandom actor crossovers on Warehouse 13
SIX OF THE BEST… fandom actor crossovers on Warehouse 13
Posted in column, nerdery public, nonfiction, six of the best, writing Tagged battlestar galactica, brent spiner, buffy, can hold in farts indefinitely, cch pounder, enrico colantoni, er, faran tahir, firefly, james marsters, jeri ryan, jewel staite, kate mulgrew, mark sheppard, michael hogan, missi pyle, neil grayston, polly walker, rene auberjonois, saul rubinek, sean maher, star trek, veronica mars, warehouse 13 Leave a comment


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Porn Addicted – Masturbation and also pornography addiction are thoroughly related and many addicts of equally do not understand where masturbatory stimulation addiction ends and also pornography addiction commences. Many lovers get absolutely no pleasure from sex sites alone. The porn pictures stimulate self pleasure and then self pleasure provides the really real high that leads to the addiction and so it will go round as well as around… Technology bears this particular out and it is discussed within my article on "The Basic Technology of Pornography Addiction".
The kinds of pornography that junkies use his or her drug to masturbate to are diverse and vary from standard photos and displays to hentai drawings, anime animation porn to webcams and shooting themselves performing sexual acts and then masturbating to it – and also everything in among.
Addicts might have porn sessions (or even are "porning" as many lovers call it) that previous up to and past 12-24 hours as well as days. There's no typical length of a porning session/ porn bender and also the length of these very much is dependent upon where the abuser is in connection to how far advance their addiction is actually. Some, inside the early days of their own addiction, can have several sessions each week that can last from between 2 to 8 several hours whilst other folks are porning every day and every opportunity they can – also at work with "safe for work" (SFW) porn for fast fixes (which usually are photographic or perhaps cartoon porn displays disguised within things like food things. Websites can be found that cater for this niche.).
Several cannot help to make it more than 2 times without relapsing once more. Some combat the addiction and can move months without having a relapse however, if overtaken through the compulsion to porn once more – following becoming triggered – do thus against their particular will – or maybe more specifically – in opposition to their spirit or higher do it yourself – and find their particular addiction begins once again where these people left off as well as becomes steadily worse with every relapse. The amount of genital orgasms of both sexes differs per treatment. Some junkies can orgasm up to 15 times a day or even more – every day – depending on how grown they are within their addiction.
Porn addicted youngsters within High School often have to move to the bathroom to masturbate during courses when surpassed by obsessive and excessive porn thoughts which usually dominate their marbles. Like porn lovers of all ages, recalled pictures and also videos run through their brains – often continually – distracting all of them from the rest. Equally even though, addicts of any age get surpassed often with the need to use porn as well as masturbate even if they will are not contemplating porn and cannot reconcile or operate until they will do.


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"Come Erin, jie jie give you milk-milk"
"Oh milk come out already. Jie Jie wipe for you"
"Be a good girl ok? Finish your milk"
Awwww... such a sweet and loving jie jie eh??
(but actually about 3/4 way, she said "nah mummy, you feed" and then went to play Ipad. Hmmph.)


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Dwell Store Editor's Picks: Shop the Special Issue
For the second year in a row, Dwell editors have created the season's must-have resource for gift giving in the Our Favorite Products of the Year Special Issue. Throughout the pages of this issue, products from the Dwell Store are featured, including an assortment of products designed for the home, technology products, storage solutions, and more. Explore some of our favorites here, and be sure to check out the full collection at the Dwell Store.


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Nice weight, designs match the season, double sided. Love the tag on the bottom giving the 'collection' it comes from, makes it easy to file for finding when needed.
Colors don't stand out as well, screen makes colors look brighter than they are. Not a bright Christmas Red, but a darker one, a little disappointing with this design... for me.
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Orthodox Quote for February 13
"We all must spread Orthodoxy," Without Orthodoxy, we can't do anything. We must not be traitors to our religion, to our faith. St. Nektarios is an example for the whole world; they should be emulating him. Love is a great thing. God never turns anyone away. Our Lady intercedes before God. He is on our side and guides us, but we do not really love them—our God, our Virgin Mary. In fact, we do nothing. It takes patience and prayer."
(Elder Nektarios (Vitalis) who fell asleep February 3)


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martial art
Is there a type of Martial art that focus on dodging then some how using it against your opponents?
I'm looking for a kind of martial art that I can learn. I like it focus on dodging and then gently attack your opponent.
If there are this kind of martial art please tell me.
Also is it possible to learn it at home or somewhere lese?
I hope you're just looking for a sport/hobby because if you " gently attack " a 400lb Tongan , he will "gently remove your head ". Anyway , the style you're looking for sounds like wushu or arakan or one of the thousands of styles that are being taught these days , most under the general Kung Fu heading.
The Art of Fighting: Shaolin Bangkok 2


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The boring process
From the top of the Damrak all the way down to Scheldeplein, the route of the Noord/Zuidlijn will be excavated by two tunnel-boring machines. The machines will bore both tunnels with a time difference of about three months between the first and the second.
In the route chosen for the Noord/Zuidlijn, the tunnel-boring machines can follow the existing street pattern. That means that almost no buildings need to be demolished in the process.
The tunnels
The tunnel shafts will have a diameter of about 7 metres. They will be 3.8 km long – or 3.2 km if you don't count the length of the platforms in the stations that the boring machines will pass through.
The tunnel-boring machine
Each tunnel-boring machine has a diameter of 7 metres and is approximately 60 metres long. Both machines will be assembled in the launching shaft – a construction pit some 20 metres deep in the water of the Damrak.
Just past Scheldestraat, the bored tunnel will end in the reception shaft – a construction pit about 15 metres deep, where the boring machine will be dismantled and removed.
The head of the tunnel-boring machine consists of a hollow steel cylinder: the shield. The shield is approximately 8 metres long. This is where the tunnel builders work. The shield protects them from both the ground and the groundwater that surround the tunnel.
In front of the shield is the cutting wheel, and behind the shield is where the segments that will make up the tunnel are put into position. The shield is open at the rear, where the completed tunnel sections appear. Each day, the tunnel-boring machine creates about eight metres of metro tunnel.
The cutting wheel at the front of the machine turns slowly, scraping through the ground layer for layer. The sand, peat or clay that the cutting wheel scrapes loose is mixed with water and immediately carried off by conveyor belt.
At the same time it scrapes away the ground, the tunnel-boring machine is also edged forward. It uses jacks to push itself off against the section of tunnel that it has already completed. As soon as the giant machine has made sufficient progress, it creates a new section of the tunnel by putting together a number of 'tunnel segments'.
Once enough space has been bored open, the digging is stopped temporarily. A special device puts the new tunnel segments precisely into position. Each time, a total of seven segments are necessary to complete a section of tunnel wall.
Once the new tunnel segments have been pushed together tightly, the tunnel has grown a little longer. Immediately after each new section of the tunnel is finished, rails are laid that can carry a train loaded with workers and materials to that point.
There needs to be sufficient space for inserting the tunnel segments. The hole that is bored is therefore one centimetre broader than the tunnel itself. Once a new segment of tunnel has been put into place, the leftover space is filled with a mixture of sand, cement and water that will harden over time.
All of this takes place at a depth of 20 to 30 metres. No one at street level will be able to notice what is going on so deep below the surface.
Reinforcing foundations
Most of the route of the Noord/Zuidlijn runs beneath streets and canals, where there are no foundations. Wherever the bored tunnels come near the foundations of buildings, extra care is required.
The Beurs van Berlage building on Damrak and the 'Industria' building on Rokin are two buildings whose foundations lie close to the route of the new metro. In each case, the soil around their foundations is being reinforced with a mixture of water and cement. This will fortify the soil permanently. Along the entire route, foundations that were in a poor state were already reinforced during the preparatory phase.
Dutch know-how
Earlier experience with drilling tunnels through the soft Dutch soil over the past ten years was of great help during the preparation phase.
Since the Tweede Heinenoord Tunnel was bored under the Nieuwe Maas River in 1995, a variety of other traffic tunnels in the Netherlands have been built using this technique, including three for the so-called Betuweroute (the Botlek Tunnel, the Sophiaspoor Tunnel and the tunnel under the Pannerdensch Kanaal) and the Westerschelde Tunnel under the Westerschelde River.
Overview and HistoryAmsterdam is the capital of the Netherlands even though the seat of government is in the Hague. It is the most densely populated country in the world! And to be accurate, Holland only makes up part of the Kingdom of the Netherlands. There is North Holland and South Holland and the Netherlands encompasses them both, as well as some other area without.Time for some etymology! Netherlands is physical space reclaimed from the ocean, hence its name literally means "the ground below." The name Amsterdam comes from a dam in the river Amstel. The dam stood, guess where, Dam Square! Look at all those bikes, man, it just warms the quadriceps with joy.Amsterdam was first settled as a fishing village in the 12th century and grew to become a wealthy trading port, riding on the demand for diamonds and tulips. But let's not get ahead of ourselves..In the beginning there was water. As usual, the Romans came along and wanted to do some conquering, so they set up a military post at Nijmegen. Prosperity commenced growth lasting until the Frankish invasion of the 5th century brought Christianity.By the fall of Charlemagne's Empire in 814AD, the Netherlands was already one of the wealthiest places in Europe. Dutch shipping reached as far as Asia and North Africa while agriculture and commerce within the country flourished.Benevolent neighbors such as the Dukes of Burgundy and the Hapsburgs put in regular appearances in the Netherlands, playfully sending their armies to take over and introduce some fun taxation schedules. The Eighty Years War flared up over this jest and resulted in strong unification of the Dutch national identity.As of the sixteenth century the Netherlands became an independent Republic and within one hundred years they had grown to be the most powerful maritime nation of Europe. This is referred to as the Dutch Golden Age. Of course, major griping on the part of England followed, concerning naval power.The Dutch fell under French influence during the reign of Napoleon. The Kingdom of the Netherlands then included Belgium and Luxembourg, but they revolted during the 19th century, amidst rampant liberal and republican ideas on-continent.The country remained neutral during WWI but suffered dire foot shortages; during WWII it was invaded by Germany and resisted valiantly. But the industrial revolution had been good to Amsterdam and the city was positioned to proceed with fast economic growth in the post war period. Today the Netherlands, and Amsterdam, are one of the wealthiest countries in the world.Getting ThereThe Dutch national airport, Amsterdam Schiphol, is located 20km from the city. It is well-organized to meet the demands of being Europe's fourth-largest passenger airport. From Schiphol you can reach Amsterdam by taxi and train. Taxi takes about a half hour and should cost around 40 Euros. Also, an 11 Euro ticket for the shuttle bus service from the airport gets you access to 100 hotels throughout the city.The trains leave from the basement of the airport. "Schiphol" is the name of the train stop for the airport, a lovely sensible name you can easily understand. Some cities don't do such nice things with their train station naming. The direct rail link connects to the Central Station with trains every ten minutes at EUR 3.60 price. Thirty-five Euro fine for not having a valid ticket, watch out! The yellow ticket machine is your friend but carry change because it doesn't eat bills or credit cards.TransportationAlright! Now you're here, let's go for a walk! If you for some reason decide to be a total freak and drive a car here, we can't help you.Riding a bicycle is the best way to enjoy Amsterdam . Of course, you can use other moving objects such as train, tram, subway, bus and ferry to move yourself from one place to another. But we all know that bikes are the coolest so let's cut the crap. Renting a bike should cost about eight Euros per day. LOCK IT OR LOSE IT!!! triple exclamation mark.For riding the trams you need to buy a "strippenkaart" which is a paper ticket that can be stamped multiple times until there are no strips left.Metro in Amsterdam is a recent development, considering that the place is kind of, um, swampy to say the least. Construction started in 1977 and a new North/South metro line is in the works, no specific prediction of success available at time of writing.On the touristy end of transportation there's the Canal company which does boat tours and bike rentals as well as bus trips. Rent a canal hopper and go exploring the little waterways.People and CultureAmsterdam grew up with good manners. Being an international trading city required vast social networks and attendant tolerance of all cultural possibilities. This translated, over the centuries, into attracting people from all across the globe. Amsterdam is a real melting pot of 174 different cultures, with the freedom to be who you are and to say what you think, whether you're gay or straight, a squatter or a millionaire.Violent crimes are not prevalent here; pickpocketing and other petty theft is more of a threat to the average visitor.Now we can get to what all you young youths want to know -- how about the smoking? Yes, there are coffee shops where you can get hash or herb and smoke it. Yay. It's only tolerated, not legal. Everything else IS illegal so try to use your brain for thinking when you go to Amsterdam. Note that the red light district is under camera surveillance.Things to do, RecommendationsAmsterdam is a city of museums. The Dutch Master painters all have galleries and exhibits representing the work of their lives, from Rembrandt and Vermeer to van Gogh and Mondrian, and don't forget M.C. Escher and de Kooning either.For music there is the famous Concertgebouw, the acoustics of which are so phenomenal that it has been described as a musical instrument itself! And then numerous clubs and lounges with bangin' DJs as well.The usual stereotypes still apply: bring home some wooden clogs for a souvenir, take in a beer in a 'brown cafe' (so named for the nicotine stains), etc.But don't forget to get up high and have a look around! Enjoy.Text by Steve Smith.