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Related Resource
The Vital Role of Microbes on EarthSpecial Product
Microbes—life forms too tiny to see—play a surprisingly large role in life on earth. Humans depend on microbial communities in more ways than you can imagine. For example, microbes:
• Make air breathable
• Keep us healthy
• Provide sources of new drugs
• Help us digest food
• Clean up hazardous chemicals
• Support and protect crops

subset: commoncrawl


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|Got to experience clubs on three cruise ships this past couple weeks. First ship was the Silja Festival (operated by Tallink) on a 2-night cruise from Stockholm to Riga, Latvia and back. Two clubs on board including the Dancing Palace.
|The band took turns between live dance sets by a dance troup, shown here doing a Lady Gaga number!
|The ship's disco is called the Panorama Bar.
|DJ Vlad (LV) was playing all Top 40 Dance and then went into a set of Classic Dance music from the 90's and early 00's.
|Great lighting and smoke. The dance floor really ebbed and flowed and from song to song could go from full to nearly empty. Good time in here.
|By the way, Riga is a great city and far exceeded my expectations.
|The early club on board is called the Fun Club and it has two side-by-side bands taking turns doing sets.
|Very large venue with a jammed 3-floor format all under the shiny disco ball.
|Let me tell you; this ship is all about getting drunk and hooking up! Americans on board are a novelty.
|Then it was on to CLUB7EVEN, the ship's cave-like disco.
|It too was jammed as DJ Peo Wahlin (S) pumped out current and recent Top 40 Dance along with House, Trance and Classic Dance. The DJ was really into the music he was playing!
|The lighting was not as impressive as the Festival but the low ceiling and rather narrow configuration made for a complete white-out whenever the fog machine was pumping!
|Have to highly recommend this ship for an incredible experience!
|First visit found the dance floor rather deserted as I listened to an unexpected 45-minute set of Latin music.
|DJ Patrick Jerry (DK) worked from a second floor perch overlooking the club.
|However, the elevator opened up and out poured a huge group that went right onto the dance floor and he switched it over to Top 40 / Dance! For the next several hours the floor stayed full as he stayed with the popular music format.
|They did a 70's night on the sailing's final night and none other than the Village People happened to be on board to perform some of their classic songs!
|The 70's Night event began in the ship's atrium but then moved up to the Viking Crown Lounge where a large contingent of fans followed.
|After surprise guest's Abba did a couple songs, the DJ stuck with 70's classics mixed with a few 80's for the next couple hours and the place stayed full. No Hip Hop on three ships in a row! Bon Voyage indeed!!


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Academics . Foundation . Courses
Material Color
Course No. FND 103M Credits: 1.5
Faculty Anthony Ingrisano | Douglas Sanderson | Jessica Pinsky | Maggie Denk-Leigh | Terry Clark
This one-half semester course introduces color in subtractive synthesis (pigment). This course explores color theory, perception, and application, through a series of three fundamental color investigations offering opportunities for multiple compositional solutions and the development of material skills. In tandem with its companion course, Digital Color, students pursue a personal color sensibility, in preparation for any art or design field. Course structure consists of introductory concept lectures, technical instruction, studio time with guidance, and group critique of finished assignments. Offered fall.
Jimmy Kuehnle
Associate Professor
Kuehnle has had solo shows at museums, galleries and universities in the United States and internationally. I...more
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Feb 01, 2000 | ISBN 9780375705199
Nov 12, 2013 | 688 Minutes
"One of those rare, invigorating books that take an apparently familiar world and peer into it with ruthless intimacy, revealing a strange and startling place." — The New York Times Book Review
"Strout's insights into the complex psychology bewteen [mother and daughter] result in a poignant tale about two coming of age." —Time
"Impressive….Strout writes with abundant warmth." —People
"Poignant…sensitively imagined…[Amy and Isabelle] recalls the elgegiac charm of Our Town." —The Christian Science Monitor
"Stunning….Every once in a while, a novel comes along that plunges deep into your psyche, leaving you breathless….This year that novel is Amy and Isabelle." —San Francisco Chronicle
"A novel of shining integrity and humor, about the bravery and hard choices of what is called ordinary life." –Alice Munro
"Excellent….Strout's collective portrait…remains unflaggingly engaging….[W]hat a pleasure to gain entry into the world of this book." —The New Yorker
"Lovely, powerful…a kind if modern 'Rapunzel.'" —Newsweek
"Amy and Isabelle is an impressive debut….with an expansiveness and inventiveness that is the mark of a true storyteller." —The Philadelphia Inquirer


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Bill O'Brien is now (unofficially) officially leaving Penn State for the Houston Texans. The AP reports that two sources have said O'Brien reached an agreement with Houston, "the worst team in the NFL," Tuesday night. With the news that he'll no longer be at Penn State, one reporter divulged some fiery conversations he had with O'Brien that he withheld from previous articles because they were off the record. Not anymore.
David Jones spoke with O'Brien on December 4, 2013, to discuss the recent departure of longtime assistant Ron Vanderlinden. Jones deduced the change was firing/resignation based on coaching styles and asked O'Brien if he was concerned about a blowback from "Joe Paterno-era loyalists" who saw Vanderlinden has a bridge back to that time. O'Brien bristled.
"You can print this: You can print that I don't really give a —— what the 'Paterno people' think about what I do with this program. I've done everything I can to show respect to Coach Paterno. Everything in my power. So I could really care less about what the Paterno faction of people, or whatever you call them, think about what I do with the program. I'm tired of it.
"For any 'Paterno person' to have any objection to what I'm doing, it makes me wanna put my fist through this windshield right now."
He was just getting started:
"I'm trying to field the most competitive football team I can with near-death penalty ——ing sanctions. Every time I say something like that and somebody prints it, it's skewed as an excuse. And I'm not an excuse-maker. I'm trying to do the best I can for the kids in that program. That's all I care about is the kids in that program. As long as I'm the head football coach here."
You won't find a more succinct characterization of the college coach mentality than those last two sentences. Moments later, O'Brien still ranting, came the money quote:
"That's why, in probably about a month, they're gonna be ——ing looking for a new coach."
O'Brien soon took it back, telling Jones (much like star recruit Thomas Holley) that he was not leaving, but it appears he was most truthful when angry.
It's not surprising that it took the invocation of the P-word to set O'Brien off. It's got to be near impossible to be the guy who follows Joe Paterno at Penn State and please everyone. It's been widely reported that Bill O'Brien to the NFL was more eventuality than possibility, but this was likely just as motivating. In Houston, he's only got to be better than Gary Kubiak.
Photo Credit: Getty Images
Bill O'Brien, the outsider, arrived at the perfect time; maybe he's leaving at the right time, too [Penn Live]


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Sail the seven seas as part of our casual, fun-loving group!
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Relax. Our hosted singles cruises are ideal for singles of all ages. No other form of travel affords as many opportunities to meet people and make friends. In fact, our Singles Division can help you find a singles cruise on a ship that's just right for you…and make sure you meet many other singles on board.
Think that a singles cruise is all about partying or being pushed to participate in a lot of activities? Nothing could be further from the truth, as our singles enjoy their vacations on their own terms and can be as active or social or relaxed as they wish. It's not just about making a romantic connection, either -- our singles simply enjoy spending time with others who love to travel, and many have made new lifelong friends. And, there is a great mix of ages on all of our trips; our departures for singles in their 40s and up, for example, attract participants in their 40s to their 70s and beyond.
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Either way, we'll provide our own onboard host to organize exclusive singles cocktail parties, mixers, games, group excursions, single-mingle dining and more. Once you've reserved your cruise, we'll also give you private access to our singles chat site where you can get to know other singles before you depart.
We expect our staterooms on these sailings will fill quickly, so please book early to avoid disappointment. To get started, click on any singles cruise in the calendar to the left. Hope to see you on board!
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Export 121 results:Author [ Type] Year
Filters: Author is Marleen Verhoye [Clear All Filters]
Journal Article
"Magnetic resonance imaging and spectroscopy reveal differential hippocampal changes in anhedonic and resilient subtypes of the chronic mild stress rat model", Biological psychiatry, vol. 70, no. 5, pp. 449-457, 2011.
"Mathematical Framework for Simulating Diffusion Tensor MR Neural Fiber Bundles", Magnetic Resonance in Medicine, vol. 53, pp. 944-953, 2005. Download full paper (1.55 MB)
"Maximum likelihood estimation based denoising of magnetic resonance images using restricted local neighborhoods", Physics in Medicine and Biology, vol. 56, no. 16, pp. 5221-5234, 2011. Download full paper (643.93 KB)
"Microstructural changes observed with DKI in a transgenic Huntington rat model: Evidence for abnormal neurodevelopment.", NeuroImage, vol. 59, no. 2, pp. 957-67, 2012 Jan 16.
"More accurate estimation of diffusion tensor parameters using diffusion kurtosis imaging", Magnetic Resonance in Medicine, vol. 65, no. 1, pp. 138-145, January, 2011. Download paper (387.31 KB)
"Morphologic and functional changes in the unilateral 6-hydroxydopamine lesion rat model for Parkinson's disease discerned with microSPECT and quantitative MRI.", Magnetic Resonance Materials in Physics, Biology and Medicine, vol. 23, issue 2, pp. 65-75, 04/2010.
"Neuroanatomy of the fragile X knockout mouse brain studied using in vivo high resolution Magnetic Resonance Imaging (MRI)", European Journal of Human Genetics, vol. 7, pp. 526-532, 1999. ejhg99.pdf (261.08 KB)
"Nonlocal maximum likelihood estimation method for denoising multiple-coil magnetic resonance images.", Magnetic resonance imaging, vol. 30, issue 10, pp. 1512-8, 2012 Dec.
"Nonlocal maximum likelihood estimation method for denoising multiple-coil magnetic resonance images", Magnetic Resonance Imaging, vol. 30, issue 10, pp. 1512-1518, 2012. Download full paper (1.11 MB)
"Normalized Averaged Range (nAR), a Robust Quantification Method for MPIO-content", Journal of Magnetic Resonance, vol. 300, pp. 18-27, 2019.
"Optimal experimental design for Diffusion Kurtosis Imaging", IEEE Transactions on Medical Imaging, vol. 29, no. 3, pp. 819-829, 2010. Download paper (1.12 MB)
"Population-averaged diffusion tensor imaging atlas of the Sprague Dawley rat brain", NeuroImage, vol. 58, issue 4, pp. 975-983, 2011.
"Reduction of ECG and gradient related artifacts in simultaneously recorded human EEG/MRI data", Magnetic Resonance Imaging, vol. 18, no. 7, pp. 881-886, 2000. Download paper (2 MB)
"Restoration of MR induced artifacts in simultaneously recorded MR/EEG data", Magnetic Resonance Imaging, vol. 17, no. 9, pp. 1383-1393, 1999. Download full paper (519.76 KB)
"Robust edge-directed interpolation of magnetic resonance images", Physics in medicine and biology, vol. 56, pp. 7287-7303, 2011. Download paper (1.3 MB)
"Spatiotemporal properties of the BOLD response in the songbirds auditory circuit during a variety of listening tasks", NeuroImage, vol. 25, pp. 1242-1255, 2005.
"Special designed RF-antenna with integrated non-invasive carbon electrodes for simultaneous MRI and EEG acquisition at 7T", Magnetic Resonance Imaging, vol. 18, no. 7, pp. 887-891, 2000. Download full paper (179 KB)
"Subchronic memantine induced concurrent functional disconnectivity and altered ultra-structural tissue integrity in the rodent brain: revealed by multimodal MRI.", Psychopharmacology, vol. 227, issue 3, pp. 479-91, 2013 Jun.
"A three-dimensional digital neurological atlas of the mustached bat (Pteronotus parnellii)", NeuroImage, vol. 183, pp. 300-313, 2018.
"A unified Maximum Likelihood framework for simultaneous motion and T1 estimation in quantitative MR T1 mapping", IEEE Transactions on Medical Imaging, vol. 36, issue 2, pp. 433 - 446, 2017.
"Watershed based segmentation of 3D MR data for volume quantization", Magnetic Resonance Imaging, vol. 15, no. 6, pp. 679-688, 1997. Download paper (3.18 MB)


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USU Eastern Chancellor Joe Peterson is breathing a little easier after fretting over what kind of an enrollment hit the regional college might take from the missionary age change by the LDS Church.
Adding to the pressure is the ongoing challenge of redefining the college since its merger with Utah State University in 2010.
While the newly emerged USU Eastern remains the state's only comprehensive regional college, its distinctions have been somewhat eclipsed by the Logan-based university.
Kristian Olsen, USU Eastern director of Enrollment Services, said that he considers the 2010 union to be like a marriage. Both institutions now share the same name but they still retain important singularities with unique strengths and distinctions.
USU Eastern promotes itself as having the heart of a community college with the soul of a research university.
The potential of USU Eastern is to be a destination baccalaureate institution in the same way that Logan is a destination baccalaureate and graduate institution.
Peterson said, "If we start cranking out 40 to 60 baccalaureates every year, people will start thinking of us not in terms of a small community college, but in terms of an emerging baccalaureate producer, like Weber State and Utah Valley University."
Olsen adds, "We love that we offer the best of both worlds. We embrace our small college offerings while riding the coattails of a world-class university. No other regional college can say that."
But if emerging from the shadow of USU has not been enough of a challenge, the LDS Church announcement lowering the mission age provided plenty of new heartburn for the college, Peterson said.
The announcement came soon after he had launched an ambitious initiative to raise total enrollment at the college by 4,000 students in four years.
To be on track for the goal, the college needed to enroll 2,150 students this year. While 2,129 is slightly short of target, Peterson said it is a welcome number in light of the school's recent challenges.
By next year, the college hopes to see another increase of at least 470 students. To reach that mark, the college is centering on degree offerings and expanding students from minority populations.
As communities change, adapt and grow, Peterson said the college will be there every step of the way. USU President Stan Albrecht envisioned one university that is geographically dispersed. The spirit of that message is that a baccalaureate offered in Price or Blanding is a USU baccalaureate.
"It is our win," Peterson said. "It is our victory. It's the university's victory if Price and Blanding are able to rise up and provide this."


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The big three networks have, thus far, shown little interest in investigating the nearly one million dollars in commuting costs spent by Barack Obama's Defense Secretary. According to the Washington Times, Leon Panetta's weekend flights home cost $32,000 and have totaled $860,000 as of early April.
Yet, ABC, NBC and CBS have skipped this subject, even as White House Press Secretary Jay Carney was pressed on it, Wednesday. Yet, on January 29, 2012, 60 Minutes profiled Panetta about his California farm. Journalist Scott Pelley puffed, "He and his brother planted these walnut trees sixty-five years ago with their father...Did you pick the walnuts?"
FoxNews.com reported:
Panetta, the cost and nature of whose travels in more than two years as President Obama's director of the CIA are classified, faced questions from reporters this week about the costs related to his desire to fly home every other week to see his family and look after his walnuts.
The Washington Times explained that the White House is denying any talk of a "deal" to allow the commuting:
"There's no deal here," White House spokesman Jay Carney told reporters Tuesday when pressed on the issue. "The secretary has addressed the matter. He, I think, spoke about it, and he has decided to try to find a way, if there is, to reduce the cost. But, you know, I don't have anything to add to it."
If the White House is denying a deal, and in the wake of the GSA spending scandal, shouldn't this be a topic of interest for journalists, especially the ones that have fawned over Panetta's walnut farm?


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The liver is important due to its role in bile production, energy production, vitamin storage, and the metabolism of carbohydrates, proteins, and fats. Nutrients absorbed from the intestine are delivered to the liver along with the absorbed toxins (including alcohol, drugs and pharmaceuticals). This makes the liver vulnerable to damage. Milk thistle (Silybum marianum) has […]View Post
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19 TrustBuilder Reviews in Charleston, SC Area
117 Lindera Preserve Blvd, Summerville SC 29486
At Lindera Preserve at Cane Bay Plantation - Arbor Collection Phase 6
From $265,990 Why 'From' pricing?
New homes can be personalized to your needs and taste.
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Jarvis C with Optional Bonus Room 1/26Previous Next
The Jarvis is a great 3 bedroom 2 bath 1 story home! With beautiful vaulted ceilings in the family room, dining room and kitchen. This home also has an upgrade option to add a bonus room over the garage! With an open floor plan and beautiful covered patio this home will leave you amazed! Call or chat now to tour the Jarvis at Lindera Preserve!
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117 Lindera Preserve Blvd, Summerville, SC 29486
Sales Agent: Andrew Winter, Jenny Sain, Melissa Firestone
Hours: Mon 10-6 | Tue 10-6 | Wed 10-6 | Thu 10-6 | Fri 10-6 | Sat 10-6 | Sun 12-6
Lindera Preserve at Cane Bay Plantation - Arbor Collection Phase 6
Everything's Included® When it comes to giving you real value for your money, we keep it simple: include all the most sought-after extras and add-ons in the price of your home. No hidden charges. No double talk. Just everything – from granite countertops, modern flooring, subway tile back splash, Energy Star appliances and home automation systems to energy efficient windows, and more – included. That's the Lennar way. Lennar strives to deliver a quality home for you and your family. We would love for you to join the Lennar family out at Lindera Preserve. Check out some of these amazing reviews from our homeowners at Lindera Preserve. We had an amazing experience with Lennar. From picking out the floor plan, adding upgrades and selecting colors, to planning which lot to purchase. The sales staff was truly wonderful. Their insight and guidance ensured that we selected our dream home. The Construction Manager was outstanding, he made sure that every aspect of the home and every detail was on-point. Any question or concern was addressed immediately. The Lennar team here understands that reputation is everything and they strive to keep theirs unblemished. We now have our dream home and the peace of mind that comes with knowing that we've made a sound investment. -James B. Lennar Homeowner May 2019 Jenny Sain is perfection! I can absolutely not say enough good about her. She just made the buying experience such a pleasure. She is so surprisingly knowledgeable on the Lennar product and was key in me making critical design decisions and was right on about every single one. She went so way above and beyond for me from taking measurements to sending pictures of the model home on the most out-of-left-field requests. Just love this girl! -Melissa M. Homeowners - May 2019 "Pam was amazing!! This was our first time buying a home and being that we didn't go with a realtor I was pretty worried about the whole process. Pam completely reassuredVisit the website Free brochure
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Carnival Panorama cruise from Los Angeles return
- Cruiseline
- Carnival Cruises
- Ship
- Carnival Panorama
- Departs
- Los Angeles
- Returns
- Los Angeles
- Departure Date
- 30 May 2020
- Duration
- 7 nights
Departure Date: 30 May 2020
Duration: 7 nights
Ship: Carnival Panorama
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Departs: Los Angeles
Returns: Los Angeles
Ports of call: 4
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|Sat 30 May 2020
|Los Angeles, USA
|Los Angeles, also called LA, or the City of Angels, is situated in southern California, and as the home base of Hollywood is the Entertainment Capital of the world. There is so much to do in this famous city, such as visit LA's most popular beach Santa Monica that offers ocean activities, shopping, street performers and more, or simply investigate the fantastic shopping venues. Helicopter tours are now becoming extremely popular, as one gets to see beaches, movie star homes, the Hollywood sign, downtown, and all of the attractions through the eyes of an expert. more info
|Sun 31 May 2020
|At Sea
|Mon 1 Jun 2020
|Cabo San Lucas, Mexico
|Cabo San Lucas, or just Cabo, is an interesting destination that captures the essence of the Baja Peninsula Mexico. Once a base for pirate vessels waiting to pounce on Spanish treasure ships, today with its many resorts, championship golf courses, world-class dining, and amazing outdoor activities, it is a great tourist attraction. Future plans include an artificial island to sit in the bay, complete with restaurants and bars. With some of the best all-around sports fishing in the world and every water sport imaginable, Cabo is the ultimate destination for travellers looking for outdoor adventure. more info
|Tue 2 Jun 2020
|Mazatlan, Mexico
|Mazatlan in Mexico is situated across from the southernmost tip of the Baja California peninsula. Today's Mazatlan is one of Mexico's most alluring and inviting beach destinations. The Plazuela Machado, located in Centro Historico, serves as the cultural hub of the city featuring open air restaurants, pageants, public art exhibits, and a weekly craft fair. Over the past decade, the 'Pearl of the Pacific' and an ongoing renewal programme has breathed new life into its historic centre. The result is something truly unique: a historic city with a resplendent colonial district only a short walk from a 20km-long crescent of delightful sandy beach. more info
|Wed 3 Jun 2020
|Puerto Vallarta, Mexico
|Puerto Vallarta is located on the Western Pacific coast of Mexico, and renowned for its beaches and its vibrant centre of art. Surrounded by the impressive mountains of the Sierra Madre and the sparkling waters of Banderas Bay, it is always waiting to offer visitors the very best choices. Initially made popular by Movie stars such as Liz Taylor and others as a great place to have a holiday home, visitors soon followed. The old part of Puerto Vallarta has its own architectural style. Its cobblestone streets and adobe houses topped with red roofs highlight the elegance of the Mexican style. more info
|Thu 4 Jun 2020
|At Sea
|Fri 5 Jun 2020
|At Sea
|Sat 6 Jun 2020
|Los Angeles, USA
|Los Angeles, also called LA, or the City of Angels, is situated in southern California, and as the home base of Hollywood is the Entertainment Capital of the world. There is so much to do in this famous city, such as visit LA's most popular beach Santa Monica that offers ocean activities, shopping, street performers and more, or simply investigate the fantastic shopping venues. Helicopter tours are now becoming extremely popular, as one gets to see beaches, movie star homes, the Hollywood sign, downtown, and all of the attractions through the eyes of an expert. more info
Take a break onboard the Carnival Panorama for 7 unforgettable nights aboard the Carnival Panorama cruise from Los Angeles return through the waters of Mexican Riviera. This cruise sails from Los Angeles and calls into 4 ports in 2 countries before returning to Los Angeles. This particular 4 star cruise from Carnival Cruises has 63 forward departures. Our exclusive specials start as low as $199 per person/day, twin share. Book today and save... Call now and talk to a cruise specialist!
Carnival Panorama Overview
From Australia fly to Los Angeles and set sail with Carnival Panorama from Long Beach, California. The ship's first sailing was in November 2019. She offers Saturday-to-Saturday itineraries year round to the Mexican Riviera south of Los Angeles. Call at Cabo San Lucas, Mazatlan and Puerto Vallarta, with two sea days. The Mexican Baja Peninsula is a tourist region known for its resorts, beaches, water sports, restaurants, cultural sights, architecture and events, and the haunt of past movie stars such as Elizabeth Taylor. On sea days get to know the many ship activities.
Cabin categories (with many sub-categories) include interior staterooms, ocean view, balcony, and suites. Each of these categories has a Cloud 9 Spa variation, with complimentary access to all the spa accessories and fitness programs. Eighty percent of the cabins are outside; 80 percent of those staterooms have private balconies. Each cabin has a gift amenity basket in its bathroom. All staterooms include TVs, safe, hair dryer, telephone, controllable AC, bathrobes to wear during your cruise, and Carnival Comfort Bed with plush mattresses, good quality duvets, linens and pillows. You'll have 24-hour room steward and nightly turndown service. Standard cabins are a good size. Most with twin beds that can be converted to king-size bed. Good design and soft lighting add to a feeling of spaciousness in interior staterooms.
Food and Dining
There are two principal dining rooms with a choice of fixed-time dining at two seatings, or flexible "Your Time Dining". Dining assignments can be booked before the cruise. Menus change daily and service is excellent. Breakfast and lunch are open seating at a variety of locations, and include a late morning Brunch. Kids have their own menu. Lido Marketplace is the expansive two-level poolside eatery, offering casual alternatives for breakfast, lunch and dinner. Adjacent is Guy's Burger Joint and Blue Iguana Cantina (Mexican). Also on the pool deck is a pizza station, a deli, and Ji Ji Asian Kitchen.
There is something for everyone. Liquid Lounge, spanning two decks, presents large production shows and cabaret acts backed by a live show band. It has a revolving stage, hydraulic orchestra pit, and excellent sound. The second stage entertainment is at Limelight Lounge. Ocean Plaza also has a stage, dance floor, large bar and features cabaret entertainers. Seaside Theatre's giant screen over the main pool shows sports events, music videos and films. The IMAX theatre is the first on a cruise ship along with Carnival Vista. Night is the time for late buffet snacks, R-rated comedy and Liquid Nightclub. There's the Piano Bar, and the nearby Ocean Plaza offers food, interactive games, and a dance floor. These are just a few of the dozen or so bars and lounges splashed with kaleidoscopic colours.
Other Ships
- Carnival Breeze
- Carnival Conquest
- Carnival Dream
- Carnival Ecstasy
- Carnival Elation
- Carnival Fantasy
- Carnival Fascination
- Carnival Freedom
- Carnival Glory
- Carnival Horizon
- Carnival Imagination
- Carnival Inspiration
- Carnival Liberty
- Carnival Magic
- Carnival Mardi Gras
- Carnival Miracle
- Carnival Paradise
- Carnival Pride
- Carnival Sensation
- Carnival Spirit
- Carnival Splendor
- Carnival Sunrise
- Carnival Sunshine
- Carnival Valor
- Carnival Victory
- Carnival Vista
What's included?
- Gratuities when an Australia-based ship
- All main meals on-board
- Coffee, tea & milk 24 h
- Sit-down or anytime dining choice
- Alternative dining (extra charge)
- Use of ship facilities - indoor & outdoor
- Entertainment - live music and/or shows, movies
- Activities - organised & individual
- Kids to teen programs (2-17 yrs)
- Cruise Director & all English speaking staff
- Special needs requests (2 weeks' notice)
- Service animals accepted (vaccinated)
- Ship-shore-ship transfers
- Wedding and Vow Renewals (pay)
What's excluded?
- Airfares, accommodation & transfers not specified
- Shore & land excursions and meals not specified
- Alternate specialty dining venues (unless specified)
- Casino gaming, bar expenses
- Items & services of a personal nature
- Medical services, vaccination costs
- Laundry and/or valet charges
- Wi-Fi, Internet, satellite/mobile phone & fax charges
- Babysitting, childcare services (1 to 11 y, 10pm-1am)
- Passport & visa fees
- Insurances of all kinds
- Increases in third party charges or taxes
- Itineraries may change due to unforeseen circumstances
- Cabins may change for operational reasons
- Gratuities included in the fare
- OUTSIDE AUSTRALIA: US$13.99 pp/day; US$15.99 suites. (2 y and older).
- Can pre-pay when booking. Adjust at discretion on board
- Customary land tour gratuities are welcome
- Barbados embarkation: All gratuities pre-paid when booking
- Service Charges: Beverages, Chef's Table 18%
- Check passport valid for 6 months after end of voyage
- Youth IDs required for Australia domestic
- Check dress code, health requirements ahead
- Special needs, dietary requests, arrange at booking
- Smoking on board in designated areas only
- Check stateroom 'responsible adult' requirements when booking
- Confirm with bank and ship ahead of cruise your credit/debit card intentions
- Camera drones permitted only on shore outside port area
What's onboard?
- Whirlpools (6)
- Whirlpools (7)
- Carnival Waterworks
- Waterslides
- Roller Coaster top deck
- Dr Seuss Waterworks – raft slide, body slide, tip bucket
- Dr Seuss at Sea activities
- SkyRide suspended cycling
- Roller coaster (244m, 64kph)
- Spa & treatments (pay)
- Spa with suites Cloud 9
- Beauty, Hair, for men & women
- Acupuncture
- Fitness Centre, jogging track
- Fitness Classes (yoga etc., pay)
- Serenity Adult Retreat
- Havana Bar & Pool, dance (pay)
- Sports Court
- SportSquare complex
- Sky Zone trampoline park
- Mini-golf course
- Pool & deck parties, dance classes
- SoulPlay art craft classes
- Library for quiet time
- Internet Café (pay)
- Video arcade (pay)
- Camp Ocean (2-5,6-8,9-11)
- Dr. Seuss Bookville
- Seuss at Sea
- Arts & Craft (2-11y)
- Circle "C" (12-14y)
- Club O2 (15-17y)
- Warehouse Arcade (teens)
- Zspa (pay, 13-17)
- Build a Bear workshop (pay)
- Night Owls (6mo-11y) care 10pm-1am (pay)
- Wedding packages (inquire)
- Shore excursion desk
- Internet, Wi-Fi, Mobile phone service
- Laundrette self service (pay)
- Wheelchair access good
- Wheelchair access fair
- Elevators
- 110V 3-prong/220 V Europe
You will then have the option to send us an enquiry or you can call us for FREE and speak to one of our Cruise Specialists who will check availability and find you the best possible price.
Select Cabin Category
|30 May 2020 (Sat)
$199 per day
$236 per day
$290 per day
$432 per day
Prices are twin share per person in AUD, include all taxes and are subject to change.
View the current location for Carnival Panorama here!


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Tag: iptables-save command
Linux Network IP Accountinglast updated in Categories Iptables, Linux, Networking
I need to know how much data are transmitted on my ppp0 network or eth0 Internet links? How do I set IP accounting by address such as 126.96.36.199 and 184.108.40.206? How do I set IP accounting per Apache virtual domain? How do I set accounting by service port (http, smtp) and protocol (tcp, udp, icmp)? How do I record how much traffic each of the clients computer is using?


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Sawyer's 114 MPH Shot Sets Record, Wins MLL All-Star Competition
CHARLOTTE – Mike Sawyer, who graduated from Loyola University Maryland in May after tallying the second-most goals in school Division I history, broke the Major League Lacrosse fastest shot record, stinging the net with a 114 mile-per-hour heater on Saturday night to win the MLL Fastest Shot Contest in the league's All-Star Game.
Earlier in the competition, Sawyer set a record at 113 MPH. His 114 MPH shot is being termed a world record, breaking the previous best of 111 MPH set by Paul Rabil in 2009 at the same competition
Sawyer, a rookie for the Charlotte Hounds, was shooting in front of his hometown fans at American Legion Stadium. He grew up in nearby Waxhaw, N.C., and prepped at Charlotte Catholic High School.
After being selected in the first round, eighth overall, of the MLL Collegiate Entry Draft in January, Sawyer has scored 13 points through seven professional games this season, winning Cascade Rookie of the Week honors four times.
Sawyer finished his Loyola career with 128 goals and 154 points, good for second and eighth, respectively, in Loyola's Division I career history.
The three-time USILA All-American tallied a team-high 36 goals in his senior season and finished his collegiate career with six-straight multi-goal game, including a stretch of four in a row with three or more.
Watch Sawyer's shot on Major League Lacrosse's Vine video.


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In the words of Walt Disney,
"All our dreams can come true if we have the courage to pursue them."
Hard work always pays off. So plan well, work accordingly, try hard and never give-up and this is the MANTRA to clear the GATE 2017 exam with flying colours. An in ideal GATE Civil paper preparation must involve identifying and working on your vulnerable concepts in various Civil topics, preparing a personalized improvement plan for tracking progress, targeting the desired top tier college and intensively studying according to the institution's previous year cut-off marks.
This video is based on series of lectures on Civil subject. We would like to thank Head Educational Technology Service Center IIT New Delhi for providing us this highly educative video. Here we look into Module 3 of Civil Engineering Building Materials and Construction which deals with Concrete Production (Pumping, Placing). Come let us join Dr.B.Bhattacharjee for Lecture 4 on this topic…
Please click on the following link to listen to the lecture on Concrete Production (Pumping, Placing):


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The Monopoly iron token is to be relegated to history and replaced with a cat after an international vote by fans.
Maker Hasbro said the cat received 31% of a Facebook vote, trumping the robot, guitar, helicopter and diamond ring.
The iron took just 8% of the vote after it was neck and neck for elimination with the wheelbarrow and boot, meaning production of the token will cease.
The latest changes mark the first time that fans have had a say on which token to add and which to replace.
Hasbro said people from more than 120 countries voted in the contest, which was sparked by chatter on facebook where the game has more than 10 million fans.
The US firm will begin to replace the iron with the cat token on production lines immediately, with the updated game expected in stores later this year.
Hasbro senior vice president Eric Nyman said: "We know that cat lovers around the world will be happy to welcome the new cat token into the Monopoly game.
"While we're a bit sad to see the iron go, the cat token is a fantastic choice by the fans and we have no doubt it will become just as iconic as the original tokens."
The other tokens remain the race car, Scottie dog, thimble, top hat and battleship.


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Browsing Ph.D. theses by Author "Friis Møller, Søren"
Now showing items 1-1 of 1
Towards Relational Leadership In the Cultural SectorFriis Møller, Søren (Frederiksberg, 2012)[More information][Less information]
Abstract: The thesis is an inquiry into how leadership is performed narratively in the cultural sector. Chapter 1 draws the cultural sector as a narrative landscape, and the reader is invited on a tour around this narrative landscape as seen through the eyes of some of the top guns in the cultural sector. Seen from this vantage, leadership in the cultural sector seems to be predominantly performed by relating narratives with reference to the metanarrative of the Enlightenment. The inquiry, however, draws on Lyotard (1984) to argue that such extralinguistic legitimization is in a crisis of legitimacy, wherefore the inquiry embarks on a problematization of the dominant understanding of leadership in the cultural sector with the activist aspiration of suggesting a postmoderning understanding of leadership in the cultural sector being performatively legitimized. Chapter 2 argues in favor of a relational, non-entitative understanding of narratives and it points to emplotment as a process of finding the best fit. This relational understanding of narratives allows the project to inquire into leadership performed narratively in all kinds of empirical settings, not confining itself to formal leadership contexts. Chapter 3 offers a genealogic approach to what the project has defined as the dominant narrative in the cultural sector, the narrative of art for art's sake (the AFAS narrative), which the project argues function as an implicit standard. This includes notions of aesthetic autonomy such as suggested by Kant in 1790, artistic freedom and art for its own sake such as claimed by artists in the Romantic era, and the arm's length principle as the 'constitution of cultural policies' in the post WW2 Western world. Chapter 4 provides an overview of alternative voices which have challenged the dominant narrative. These include post colonial studies, cultural entrepreneurial studies and consumer behavior studies which in various ways propose alternative ways to lead and support the cultural sector. Chapter 5 links the discussions in chapter 3 and chapter 4 to leadership studies, notably to discussions of leader-centered orientations versus leading relationally orientations. The chapter concludes by suggesting a new sensibility towards understanding leadership and meditates on how this might be achieved, paying attentions to the possibilities of overcoming the putative crisis of legitimacy the inquiry is placed in. Chapter 6 relates a case-study of Malmoe City Library which endeavors into a difficult, yet very promising process of reformulating what a library may become in a contemporary context. This process challenges the dominant narrative and thus the current understanding of what a library should be, and this deviation from the dominant narrative challenges leadership. Chapter 7 assembles three different approaches to challenges the dominant narrative and to make new interpretive resources available to the understanding of leadership in the cultural sector. First, givrum.nu, a social movement working with arts, second, Mogens Holm, a leader in the cultural sector in a transition phase, and third, Copenhagen Phil, a classical symphony orchestra striving to avoid becoming a parallel society phenomenon. These case studies are conducted as written interviews with the cases, in an attempted un-edited form to also introduce relational processes informed by a power with relation to my own research project. Chapter 8 reflects on the case-studies in chapter 6 and chapter 7 in light of the two approaches to leadership discussed in chapter 5. It does so by linking my study to relational leadership theory in order to see how this theoretical field might inform my inquiry and how my inquiry might inform this field. It equally offers five possible reconstructions of the cases before concluding the research project by summing up contributions to the empirical field and the research fields, as well as by pointing to areas which could be further developed in future research. In line with the aspirations of the relational constructionist framework of the project, the inquiry does not offer a conclusion. Instead it encourages further reconstructions, thus submitting itself to the performative legitimization it argues in favor of. URI: http://hdl.handle.net/10398/8590
Files in this item: 1Søren_Friis_Møller.pdf (1.809Mb)
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Rejoice! Service - 8:30 AMSunday School - 9:45 AM (for all ages)Traditional Service - 11:00 AMOn the first and fifth Sundays of each month, there is one combined worship service at 11:00 AM.
Our address: 200 N 15th Ave (Corner of 15th + Clark)
Quick Links
About UsWorshipFAQsCalendarGiveContact Us
The United Methodist Church
UMC.orgOregon-Idaho ConferenceWhat We BelieveThe Social Principals
Contact Us
First United Methodist Church200 N 15th Avenue, Pocatello, Idaho 83201
Mail: PO Box 4015, Pocatello, ID 83205
(208) 232-1353
Email: firstname.lastname@example.com
Support our church for FREE while shopping online! Sign up to the church's new fund-raising program UMCmarket, which has been approved by the GCFA. A percentage of your shopping will be donated to our church. Click here for detailed information.


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It's an Italian chef who sets me straight on the incontrovertible fact that gelato is NOT ice cream. As Maurizio Gibillini, chef-owner of Pagliacci at the Podium, Maurizio in Salcedo Village, and Gelatone in Greenbelt tells me, "Gelato is gelato and ice cream is ice cream. They are two very different things." He wrinkles his nose, as if to prove his point and then adds, "The flavor in gelato comes out because of the composition of the ingredients, the harmony of the ingredients. The flavor is not just in your mouth, but also in your throat."
Gelato, which literally means "frozen" is the Italian word for ice cream. The Italian specialty has been around since the late 16th century with a history that's complicated and at times obscure, but its invention is credited to Bernardo Buontalenti, the great Italian Renaissance artist for the court of Francesco de' Medici in 1565.
Manila's new disciples of gelato are Marilyn and Gwen Dee, sisters and co-owners of Angelati Italia. Currently available by order only and served in select establishments, it's a product of inspiration galvanized by the gelaterias the pair saw in their travels. To them, it made sense that with Manila's hot weather and Filipinos' inherent love for Italian food, gelato would be embraced too. As for that clever twist on the words "˜angel' and "˜gelato', Gwen says, "Angelati Italia is actually the brand of our gelato. Angelati is a coined word from Angel and Gelati (plural of gelato) that we have come up with. We wanted to use Angel to exude the angelic and heavenly side of our gelato, which is low-fat, almost sinless, and good for everyone. Italia is used to show the Italian authenticity of our gelato."
Deciding to go to the source, Marilyn and Gwen took a crash course in gelato-making in Italy. For three weeks, they trained under a gelato-maker and gelateria-owner. "It wasn't as simple as we thought," recollects Gwen."The training involved knowledge on gelato, history of gelato and the technicalities of producing gelato." To keep them sharp, the sisters' Italian mentor visits them regularly (in Manila) to see how they're doing.
Difference #1: Small batches
There are several differences between gelato and ice cream. Consider commercial ice cream as we know it, those various tubs that we pick up in the supermarket chillers. Those are made in large batches and kept frozen for long periods of time. On the other hand, the best gelato is made daily in small batches. If frozen too far ahead, gelato loses the silkiness that sets it apart from mere ice cream.
Angelati Italia's Blueberry Cheesecake gelato illustrates this point beautifully. As anyone who's worked with blueberries as an ingredient knows, the luscious berries need to be handled with utmost care as they have a propensity to make whatever they're mixed in with into an eerie shade of magenta "" or mildew green, if you're terribly unlucky. This particular gelato however is gently swirled into the frozen mixture, causing the berries to ooze their proper purple. It's creamy and sweet, resulting in the most elegant of gelato styles.
Difference #2: Less or no overrun
Air, of course, increases the volume "" overrun "" of any frozen dessert, a fact that manufacturers take full advantage of to produce and sell more of their product. Even a better-quality ice cream might have an overrun of as much as 50%. In contrast, traditionally-made gelato should contain under 20% overrun or 10% air. Less overrun results in a denser, creamier texture than that of ice cream, despite the lower butterfat content. (Butterfat are the fatty particles in milk that are separated out to make cream. The higher the milkfat content, the richer the product.) Most premium ice creams have a butterfat content of 15-18%; gelato's butterfat content normally runs from 4-14%. (A caveat: while gelato's lower butterfat content might make it seem like a "healthier" treat, it isn't something you can blithely pig out on.)
My benchmark for good flavor when I'm eating gelato is the hazelnut or nocciola. Italians have an unrepentant love affair with it and when mixed with chocolate (cioccolato), you get gianduja, which is what Angelati Italia's Nutella Choco Wafer is. Gradations of chocolate descend into nuances of hazelnut, their harmony interrupted only by what could be the crispness of a chocolate wafer. I say, "what could be…" because this gelato's stellar quality is marred by the sogginess of its wafer. Perhaps the wafers should be frozen before being incorporated into the gelato mixture that should ideally be allowed to chill for a few hours beforehand.
Difference #3: Higher temp
While ice cream can be stored at arctic temperatures down to -23°C, gelato is kept at a warm(er) -13°C. Its density requires a slightly higher serving temperature, that perfect point between firm but not hard, soft but not meltingly so. At most, you won't wrench your wrist trying to get that first scoop. Ice creams made with alcohol such as Angelati Italia's Heavenly Tiramisu naturally freeze to a softer consistency and are typically spoon-able directly from the freezer.
A traditional tiramisu is a harmony of coffee, Marsala wine, mascarpone, and chocolate. Gwen tells me that the alcohol used in their Tiramisu gelato is rum. Of the four flavors I've tried, this is the one that I liked the least. Once in the mouth, the coffee is run over by the brunt force of the rum. The cocoa powder that's attractively sifted over the gelato is an attractive touch but is no match for that alcohol attack. So I make a café affogato instead, and pour some fresh espresso over the Tiramisu gelato.
Difference #4: The freshest ingredients
A key difference between ice cream and gelato is that gelato is most often made
just from milk. That's why it has less (butter)fat than ice cream, but you'd never guess that because of its inherent creaminess. Gelato recipes usually include more egg yolks, more milk and less cream. It actually has less fat than regular ice cream, but gelato's low overrun makes for an extremely dense, rich and creamy treat. In fact, most flavorings are done away with (in gelato) in preference for real ingredients like nuts, chocolate, fruits, liqueurs "" all of which aren't overwhelmed by cream. That's why it's customary for a good-quality gelato to have a heightened, truer flavor.
If there is one flavor of Angelati Italia that you must try, I exhort you to choose the Pure Pistachio. True to its name, it's a sensual overdrive where smooth meets creamy, silky rides on velvety, all cruising along on overtones of pistachio. There are no nuts here, no stray bits of it that will mar this gelato's exquisite body. I taste the pistachio through and through without feeling a hint of it on my tongue. It's a haunting seduction for the mouth. In a word, outstanding.
By tradition, gelato is produced in flavors associated with Italy, where it originated. Limone (lemon), cappuccino, vaniglia (vanilla), and lampone (raspberry) among others, are standbys at Angelati Italia. But some of their gelati have distinct twists, marks of their creators. "We also created our own signature flavors apart from the usual," says Gwen. "Choco Banana Peanut Butter, Kibana which is a combination of kiwi and banana, Snickers, Chocolates & Cereals."
Angelati Italia
(632) 562-2217 / 5590316 (office hours)
email: email@example.com
P450-P550/liter depending on flavor


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Wednesday, October 26, 2005
Sometimes Less Is More
Companies love to talk about "enhancing shareholder value."
They usually do so when announcing share buybacks that frequently have very little to do with "enhancing shareholder value" and more to do with preventing earnings dilution caused by the generous option grants which the insiders who control the corporate money spigot give themselves, in the interests of "aligning management with shareholders."
For all the self-congratulatory claptrap, when companies buy back stock it offsets the added shares from all those options grants and helps inflate the "Earnings per Share" calculation so as not to rouse the shareholders' ire.
According to DuPont's management, which announced a large share repurchase yesterday morning, the difference between their repurchase and others is that only about half of all announced share repurchases actually get done. (DuPont did not wait around to buy back stock in the open market: instead, the company bought $3 billion worth of stock from a Wall Street firm, which presumably shorted the stock to DuPont.)
One company that probably wishes it had not followed through on its buyback announcements must be Lexmark, the beleaguered printer company which earlier this month announced the biggest earnings miss I can remember at a mainstream technology-related company.
A 50% miss.
Management blamed all sorts of things—but it mainly came down to business falling off a cliff.
I don't know about you, but in the old days—five to ten years ago—printers were an important part of my computer purchases. They churned out envelopes, labels, letters, and stacks of faxes that came in every morning filled with the research musings of Wall Street's Finest, all the while consuming gallons of the expensive ink that made Lexmark's razor/razor blade model so profitable.
But then all that information began to move around in digital form, and the printers piled up around my office like Tequila bottles in the parking lot after a Dave Matthews Band concert.
And HP got its act together.
And finally came the mind-boggling earnings miss from shareholder-friendly Lexmark.
On yesterday's conference call discussing the actual earnings report, the Lexmark folks discussed their active share repurchase program: year-to-date the company has bought back 12.6 million shares at a total cost of $870 million—average price, $68.83.
Yesterday's close: $39.69.
Negative "enhancement" to the value of Lexmark shareholders: $367 million.
In the case of Lexmark and its share repurchases, less would have been more. DuPont shareholders should hope its management has greater insight into its business than the folks at Lexmark.
Jeff Matthews
I Am Not Making This Up
© 2005 Jeff Matthews
The content contained in this blog represents the opinions of Mr. Matthews. Mr. Matthews also acts as an advisor and clients advised by Mr. Matthews may hold either long or short positions in securities of various companies discussed in the blog based upon Mr. Matthews' recommendations.
23 comments:
- Ed said...
are you aware of any studies that look at this practice?
"when companies buy back stock it offsets the added shares from all those options grants and helps inflate the "Earnings per Share" calculation."
- A said...
From my amature prospective share buybacks are a total waste of the owners' (a.k.a. shareholders) money. They should only be contemplated when the price of the shares falls significantly below the book value (Graham's 1/3 safety margin would be a good start). Other than that the money should either be invested into the company growth or (usually better) returned to the owners.
Small Investor Chronicles
- cdub said...
Why do companies go the "buyback through an IB" route? Why not just purchase them on the open market, or do it via a dutch auction?
- whydibuy said...
- This comment has been removed by a blog administrator.
- whydibuy said...
I say next to " its different this time" , " enhancing shareholder value" is the most dangerous phrase to hear. It usually comes from a mgt thats lost and out of ideas to advance the enterprise. But its a good media blurb and it'll get lots of airplay. And in my experience it comes just before a long decline both in the co's fortunes and stock price. When you hear that, sell. Buybacks are another thing. Yes, many buybacks are not completed, but it makes a good media buzz. Thats what the press will run with and many times it'll produce a pop in the stock short term, which is just what mgt wants. But I've found buybacks are used for a red herring to take the spotlight away from poor mgt or a declining business. And interestingly, I've seem some mgt's, knowing no one reads the 10-k, announce a buyback while deep in the 10-k on pg 105 of mgt's discussion & financials it'll say " due to the leverage in the co's capital structure, we may have to sell assets, issue bonds, preferred stock or COMMON stock" WHAAAT! I thought they were buying it back! Thats why W. Buffett says he's read 1000's of reports. So he doesn't get taken in by a devious mgt.
- Jeff Matthews said...
"cdub": DuPont is the second company I've seen buy back directly up front from an investment bank instead of buying over time in the market place. Radio Shack was the first.
The reason for doing it this way is that it's done all at once so the total transaction cost is probably lower; it immediately eliminates the shares from the share count calculation; it retires the shares and thus the company doesn't have to pay the dividends on those shares, so net net it's a faster return on investment...
There are probably other reasons and informed commentary is welcome.
- Unknownprofessor said...
Many of the things said here are on point - there's a lot of evidence (studies done by pointy-headed academics like myself) that firms repurchase stock to manage EPS, and that many repurchases are never consummated (particularly for open-market ones).
However, there a couple of scenarios where a repurchase could enhance shareholder wealth. I started to lay them out, but realized that it was too long to put into a comment - so I made a post on my blog.
BTW - like the blog. Keep up the good work.
- whydibuy said...
One of the best-or worst, depending on your point of view-was Lou Gerstner at IBM. Fred Hickey did an analysis showing that all Gerstner did was load up the bal sheet with debt to buy in stock and thus give wall street what it wanted, higher posted earnings. But, accounting for share shrinkage, IBM actually was in decline for all of Gerstner's reign. Without the buyback, 'ol Lou doesn't get any bonus and those options stay underwater. But he got his. Now IBM has to do it the hard way. The exchange debt for shares option is gone. Money has to be made the old fashioned way - through blood sweat & tears. Yes, buybacks can be prudent but its a rare event.
- DaleW said...
Negative "enhancement" to the value of Lexmark shareholders: $367 million.
The company's investment time horizon isn't three months, I am sure. We'll see five years from now whether they made the right decision. This isn't a hedge fund, though -- how they did over a three month time horizon should mean exactly jack square to the board and shareholders.
On options dilution, it was 1.6% net last year. That's not agregious. The pre-tax value of equity they awarded last year was $63M and they bought back how much stock? I think they more than made up for the equity issuance.
Not that other companies don't issue equity stupidly and don't abuse their ability to do so, but I think you have the wrong suspect here.
- Sam S. Park said...
I like your take on retiring shares to eliminate having to pay dividend on those repurchased shares. Buybacks can be analyzed in many ways, especially depending on size and method of the purchase. Sure some will say management is signaling positive outlook, reducing a large block of overhanging stock in the market, or using up its cash for the lack of better investments.
Du Pont's buyback probably has some to do with those reasons, but I'd assume tax reasons have a lot to do with it. Corporate finance teaches us about the drawbacks of a double taxation (on corporate profits and then on dividends). We've seen companies do repurchases as an alternative to cash dividends for those double taxation reasons. Shareholders who sell those shares are then only subject to capital gains tax. If the company had distributed that excess cash as dividends, then its shareholders would have to pay taxes on those dividend payments.
Then again, if it's not a cash story, and DD did this repurchase using debt, then it's probably more of a leveraged recapitalization strategy. But that's another story and would require some homework. You guys and gals should know where to look.
- Prudent Investor said...
Dividend taxation has been slashed, at least for the moment, so I don't believe a bit it's about double taxation issue.
Second, money is cheap, so leveraging up to pay for shares repo is the THING in corporate finance nowadays, exactly for the wrong reasons.
Third, the MAJOR reason is that option holders DON'T GET A CENT if a dividend is paid. Upper management who is HEAVILY compensated in options are paid only if their options are in the money. Hence, the only way to pay for management salary and many instances without raising SG&A (such as CSCO) is through share repo.
So you see, share buy-backs IS NOT shareholder friendly in this scenario especially when management are overly optimistic in business trend and shares are generally expensive. In fact, share buy-backs should have been the THING to do 10-15 years ago when stocks were cheap. Right now, shareholders should question every intentions by management to enhance shareholder value via share repo.
- Sam S. Park said...
Prudent Investor,
You know what... you're probably right. But dividends are still taxed at 15% for most individuals. And I doubt that low income individuals, who are taxed 5% for div payments, own any DD shares. Div taxes won't be completely slashed until 2008, which will return to normal income tax levels in 2009. I guess the tax consideration doesn't have the effect it did pre-2003.
Your "management payment" story makes alot of sense to me. You made some really good and valid points. Nice.
By the way, does anyone know if DD leveraged up to do this repo?
- Sam S. Park said...
I forgot to mention that there could be tax (shelter) incentives by using debt. But you'd have to do some present value calculations and comparisons to see if this was the case. I wouldn't want to do that unless I had a lot of stake in the company. At any rate, I would have to agree with Prudent Investor that shareholders should be very skeptical about buybacks.
- cdub said...
Amsurg (AMSG) also recently announced a similar plan. Does the company also profit from movement in the stock price?
- Aaron Koral said...
So here's the 64,000 question for the board - in what instance would a share repo not be considered "skeptically" by investors when a company intends to enhance shareholder value?
- Sam S. Park said...
There probably are some people here that could give you a million dollar answer... but certain things shouldn't be so easily accessible. I think most of the answers to your questions already reside within this blog thread. But if you want specifics, you should contact your investment banker or advisor that can handle your recent question.
I'm just one simple and humble person, however, I don't think we should abuse this free access to knowledge and information. My best advice to your recent question is for you to buy some books, take some classes or hire some company to handle your situation(s).
Then again, there may be someone who's willing to spill everything and really make education practically free. That's when I would acknowledge that this "new economy" is real. I suppose time will tell. Who knows... maybe someone here will give a great insight to your $64k question. My best friendly advise for you is to google some of your questions.
Peace out bro.
BTW - I have no stake in Google.
- DaleW said...
So here's the 64,000 question for the board - in what instance would a share repo not be considered "skeptically" by investors when a company intends to enhance shareholder value?
When the repurchase price is far enough below the intrinsic value of those shares such that the return generated on that investment beats the opportunity cost of that capital.
- Sam S. Park said...
That works, but there are others. It really depends on how it's done. It really can get too complicated, therefore my suggestion about reading some corp finance books. That's my two cents.
- Aaron Koral said...
Hi Sam.
My question wasn't intended to elicit a definitive answer, really - I was only looking for others on the board, such as dale w, to share their opinions on the subject of whether any share repo would not be considered "skeptically".
I've read some books on investing (i.e., Graham & Dodd, Siegel, Damadoran, Maboussin and Rappaport, et al.). I can't say I've read any corporate finance textbooks though - the subject's a little too dry for me.
Reading some of the intelligent insights shared by posters like you, dale w, and btc, however, makes me realize how much more I have to learn about finance and investing.
I can't say that I know a whole lot about finance, but to paraphrase the Beatles old chestnut "[I'm] getting better all the time" as I continue to learn.
Here's hoping that your next trade(s) are profitable ones, and again, I appreciate your sharing the intelligent insights you have on finance and investing.
- Sam S. Park said...
Hi Aaron,
I didn't mean to come off defensively to your question. I agree that this means of communication represent a great tool to share knowledge. I had just watched a CNBC segment on how bloggers have been causing some concerns of worry to corporations, and I was simply stating that maybe we should be careful with the contents shared. Perhaps I felt a bit guilty, but I suppose everyone should realize this new change, and that they should get used to this shift.
Aside from that initial concern, I was basically saying that a buyback meaning could really get complicated, and specifics are probably better obtained from textbooks. Sorry if I came off sounding like an a-hole.
To give you a straight answer to your previous question, I know some companies have leveraged up doing a large-scale buyback (in the form of a leveraged recapitalization). In such cases, one would go towards the privatization path to clean up its operating inefficiencies, while getting some tax breaks (remember, interest payments are pretax)... the explanation can get really long. But I hope this is enough for you to work with for now.
It's funny, but I've noticed that Jeff's post after my comment had some Asian innuendo remarks. I'm not sure if it has any correlation to what I've said or not, but then again, they were related to Japan and China... I'm Korean, so whatever.
- Clyde Doggie said...
Interesting piece on this issue today, also names several other companies besides Radio Shack that have done this.
- Sam S. Park said...
Good article link... I would say that article was an informative contribution to this thread of comments. It's all about making money... but for whom is the true question.
- William said...
Great blog, I really like what you have done here and I look forward to seeing your future updates. I have a website you might find interesting
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Copyright 2019 Hubbard Radio Washington DC, LLC. All rights reserved. This website is not intended for users located within the European Economic Area.
The Obama administration is trying a different tack on federal-employee bonuses and awards in fiscal 2014.
A new directive from the Office of Management and Budget and the Office of Personnel Management continues clear-cut spending caps on employee awards but won't outright ban them — even if the across-the-board spending constraints, known as sequestration, continue.
"Given the current fiscal environment and the budget constraints agencies will operate under in FY 2014, it is critical that agencies' use of performance awards be managed in a manner that is cost-effective and leads to increased employee performance and organizational results," OMB Director Sylvia Burwell and former acting OPM Director Elaine Kaplan wrote in a Nov. 1 memo to the heads of federal agencies and departments.
The new guidance continues to cap rank-and-file employee bonuses at no more than 1 percent of those employees' aggregate salaries. Senior Executive Service member bonuses are capped at no more than 5 percent of the aggregate salary levels, according to the guidance. These spending levels are consistent with caps first ordered by OPM in June 2011.
Overall, agency spending on employee awards is limited to fiscal 2012 levels, according to the new guidance. Both OPM and OMB will monitor data provided under regular reporting procedures to make sure agencies are complying with the new restrictions.
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Bonuses slashed under sequestration
Last winter as the administration prepared to implement the first round of across-the-board sequestration cuts, OMB directed agencies to cancel most discretionary bonuses unless they were required by law.
But the administration's guidance appears to be taking a different approach to bonuses during sequestration for fiscal 2014.
If Congress fails to come up with a deal to replace the cuts and they remain in effect for the remainder of fiscal 2014, rather than a blanket ban on bonuses, agencies are directed to reduce their planned spending on SES and non-SES bonuses by an amount proportional to the overall agencywide cuts required under sequestration.
The directive also leaves some wiggle room for bonuses dictated by union agreements, telling agency heads to honor all collective bargaining obligations prior to implementing the new caps on employee awards.
Federal employee performance awards came under fire earlier this year from both congressional overseers, who were outraged at the costs of bonuses, and federal-employee groups, who were dismayed at agencies' efforts to cancel them.
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Citing budget cuts the Internal Revenue Service canceled manager bonuses and sought to end union employee bonuses this summer, a move disputed by the National Treasury Employees Union, which argued the bonuses were required under their collective bargaining agreement with the agency.
Meanwhile, the White House announced in June it was suspending cash bonuses under the Presidential Rank Awards. The awards, which are not part of the annual performance-awards process, recognized outstanding SES members with bonuses of between 20 and 35 percent of their base salaries.
IRS cancels manager bonuses; union employees could be next
Presidential Rank Awards still matter even without the cash, OPM says
White House to SES: No Presidential Rank Awards bonus money in 2013
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Intel Launches Developer Program for Atom Processor Apps
Intel has launched the Atom Developer Program for independent software vendors (ISVs) and developers.
The program provides a framework for developers to create and sell software applications for netbooks with support for handhelds and smart phones available in the future. Through the program, developers seeking to reduce overhead and streamline the creation of new applications may also license development tools and application modules directly from other independent developers and ISVs.
"We want to fuel the growth of Intel Atom-based products designed for the mobile lifestyle," said Intel's Renee James. "The netbook has become one of the most popular consumer devices in the market today, but its true potential has been limited by applications that are not optimized for its mobility and smaller screen size. The Intel Atom Developer Program provides a great opportunity for developers to create useful and inventive applications that will unlock a netbook's potential while opening a new sales and distribution channel."
The program will support multiple operating systems and runtime environments. Runtimes such as Silverlight let developers access multiple classes of customers and deliver rich applications for Windows and Moblin-based environments using a single toolset, Visual Studio and the .NET Framework.
The Atom program offers a streamlined process to take the developer from application creation through testing and, finally, to the go-to-market stage. Intel is working with netbook original equipment manufacturers (OEMs) and other partners to create application storefronts through which validated applications will be sold.
Developers can learn more about the program, APIs, validation process and application store framework here. Applications for ISV and software developer memberships are currently being accepted. Members will be given access to tools and resources that will aid the pre-development process. The Intel Atom Developer Program SKDs will be available to members in late fall.


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MARK MAZZETTI, CHARLIE SAVAGE and SCOTT SHANE
NY Times
Match 10, 2013
WASHINGTON — One morning in late September 2011, a group of American drones took off from an airstrip the C.I.A. had built in the remote southern expanse of Saudi Arabia. The drones crossed the border into Yemen, and were soon hovering over a group of trucks clustered in a desert patch of Jawf Province, a region of the impoverished country once renowned for breeding Arabian horses.
A group of men who had just finished breakfast scrambled to get to their trucks. One was Anwar al-Awlaki, the firebrand preacher, born in New Mexico, who had evolved from a peddler of Internet hatred to a senior operative in Al Qaeda's branch in Yemen. Another was Samir Khan, another American citizen who had moved to Yemen from North Carolina and was the creative force behind Inspire, the militant group's English-language Internet magazine.
Two of the Predator drones pointed lasers on the trucks to pinpoint the targets, while the larger Reapers took aim. The Reaper pilots, operating their planes from thousands of miles away, readied for the missile shots, and fired.
It was the culmination of years of painstaking intelligence work, intense deliberation by lawyers working for President Obama and turf fights between the Pentagon and the C.I.A., whose parallel drone wars converged on the killing grounds of Yemen. For what was apparently the first time since the Civil War, the United States government had carried out the deliberate killing of an American citizen as a wartime enemy and without a trial.
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From Julia of Fatshionista (also a frequent commenter here), a wonderful post about racism and the politics of beauty.
Presenting oneself well, in the best suit, was an important aspect of being the stereotype breakers. In order to have a chance of being taken seriously, you had to look clean and put together from head to foot. Your hair had to be neat (and for women carefully straightened) because frizzy hair made you look like a "bush person." The best way to describe the look is "controlled." If negative stereotypes about black people were about them being savage, flighty, ruled by emotion and lacking reasoning, then the way to counter that was to look modern, tailored, and never have a hair out of place.
Julia's post is an important rebuttal to and complication of the stereotype that black communities are more fat accepting than white communities.
Over at Feministe, guest blogger Amandaw writes a PSA for well-meaning people who just have to tell people with disabilities about the latest health trend their grandma's hairdresser tried one time (familiar to many fat people as "Have you ever tried diet and exercise?"):
On behalf of all those persons, let me say: Stop.
That person has had that condition for months, years, or even their entire lifetime. You, on the other hand, have possibly heard of that condition — and possibly not! — and certainly have no experience living with it. Maybe you know someone else who has it, and maybe that's a person you actually know fairly well (but that is a very small minority out of those who make these comments).
Which of these two people, do you think, knows a broader range of treatment options for said condition?
Alas, the thread gets derailed for a while by someone insisting that people are just trying to help and you little ladies shouldn't get so hysterical about people who just want you to be healthy, but otherwise it's an illuminating conversation.


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Story highlights
- Zookeeper crushed after elephant pins her to post in Australian zoo
- Taronga Zoo investigating why the elephant "challenged the keeper"
- Calf involved was known as the "miracle" elephant born in 2010
- The Asian elephant was conceived as part of the zoo's breeding program
A female zookeeper was seriously injured Friday after being "pinned" to a post by a young male Asian elephant during a routine training session at Sydney's Taronga Zoo.
Two other keepers rushed to the woman's aid after they heard her cries and moved the elephant away, the zoo said in a statement.
The woman was taken to hospital in a critical condition, but is now stable in intensive care. She has not been identified out of respect for her family's privacy, the zoo said.
The elephant involved was a two-and-half-year-old male calf called Pathi Harn, which means "miracle" in Thai. The calf was given the name after being born alive, even after experts pronounced him dead in the womb following a difficult eight-day labor.
The calf -- initially referred to as "Mr Shuffles" due to his odd gait -- was conceived by artificial insemination as part of the zoo's elephant breeding and conservation program.
At the time of his birth in March 2010, the young male weighed 116 kilograms and one year later tipped the scales at just over 500kgs.
The zoo said it doesn't know what provoked the calf. "It's unknown at this time why the young elephant challenged the keeper. The public were not at risk at any time and the elephants are now in their paddock at the zoo."
WorkCover, a New South Wales government agency "promoting productive, healthy and safe workplaces," is investigating the incident.
"Initial enquiries indicate that the zoo keeper suffered serious crush injuries while working in the elephant enclosure," the agency said in a press release.
The Sydney zoo is home to eight elephants, some of whom have rehabilitated from domestic elephant camps in Thailand.
According to the zoo's website, their enclosure includes deep and shallow swimming pools, mud wallows, sleeping mounds, shaded areas, scratching posts and logs.
Every morning, "the elephants and keepers walk around the exhibit paddocks and in the Zoo grounds for exercise and physical activity," the website said.
It added: "A scientific study conducted during 2006-2007 found that Taronga Zoo's elephants had an activity profile that closely matched behaviors, exercise and foraging activities of wild elephants."
The World Wildlife Fund estimates that there are around 30,000 Asian elephants left in the world. Of those, nearly 30% are in captivity.


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