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"[The trading loss] plays right into the hands of a whole bunch of pundits...."
There are a lot of moving parts in the Dismal tale of Dimon's demise. The starting point is that Bruno Iksil in the JPMorgan CIO Office, under the premise of hedging the bank's credit portfolio's tail risk had placed various tranche trades (levered credit positions with various risk profiles) in the only liquid tranche market that still exists - CDX Series 9 (an 'orrible portfolio of credits with an initial maturity at the end of 2012). These positions were low cost (steepeners or equity-mezz) but needed a certain amount of day to day care and maintenance (adjusting hedges and so on). As the market rallied, the positions required increasing amounts of protection be sold to maintain hedges (akin to buying into a rally more and more as it rises). His large size in the market left a mark however that hedge funds tried to fix - that was his index trading was making the index extremely rich (expensive) relative to intrinsics (fair-value).
This is the 10Y IG9 credit index (dark blue) and its fair-value (light blue) and the difference or skew (orange). What is clear is that the index remained massively rich to its fair-value through this period (red oval) and it was not until the last two months or so that the skew (red arrow) began to compress as perhaps Iksil got the nod and more and more people realized the arb...(or understood from where the technical pressure was coming in the index rallying)...
Hedge funds began to try to arb this position and got frustrated at the lack of convergence - and this is how we initially got to hear about Bruno Iksil - the London Whale - since those funds suggested someone was 'cornering' the index market in credit.
Critically - this is akin to looking at the 500 names in the S&P 500 - weighting them and seeing the S&P 500 index should trade at 1200 but it is trading at 1400 so you sell the index 'knowing' that the index is mispriced - (this never occurs in stocks since they are instantly and everywhere arbed between the index and its components - but can occur in credit because of illiquidity or in this case flow - what we call 'technicals').
This was very evident when one looks at the net notional being soaked up by the Whale and this 'hedge' position had clearly grown extremely large as it became a momentum trade not a hedge (at which time we suspect Iksil started to lose control). In early April, as news of this broke across the market, the credit and equity markets were beginning to quiver again at European contagion and US macro data and as a proxy for the volatility JPM must have been feeling we can see very significant (2-3 sigma) swings in the credit index they held. This would more than likely have triggered a risk manager to come along and look over the trader's shoulder - suggesting humbly that he exit/hedge/don't panic.
This is IG9 10Y spreads (upper pane) and their rate of change (lower pane) - (h/t @swaptions for idea) and as is clear the 3-sigma multiple day move likely scared a few risk managers (and Iksil) into fessing up...
Evidence from the HY market suggests that the trader used more liquid on-the-run indices to hedge as the spread of the HY18 credit index blew notably wider relative to intrinsics and net notionals dropped modestly. The market calmed down a little and it appeared from net notionals and the index skews that he tried again last week to unwind some more of the huge position that had clearly tripped various risk limits and VaR controls. This is where we find ourselves now - the net notionals remain huge (and implicitly on JPM's shooulders), his lack of selling has left the credit index maybe 20bps rich to where it might trade given its rough correlation with the S&P 500 and this would imply at least $3bn of losses already in addition at fair-value.
As is evident, IG9 credit index and the S&P 500 have moved in a very correlated manner - and IG9 net notionals (the amount outstanding in IG9 CDS) has risen alongside these moves as JPM built a bigger and bigger longer and longer credit position. The red vertical arrow shows the current dislocation if one assumes the cessation of Iksil's unwind efforts stalled IG9's selloff - which is the $3bn loss that remains to be seen and the black dotted line is an indication of the kind of notional unwind that would occur - which with a market moving as it is - would be highly disjointing.
Of course, the situation is far worse because 1) any efforts to unwind such a huge position will lead to the market yawning wide and swallowing him in illiquid bid-ask spreads; and 2) the rest of the world knows their position - so why would the hedge funds not push their position. Perhaps this explains why JPMorgan's CDS has remained relatively wide while its exuberant stock price shot up on stress-test ebullience - only to plummet back to CDS reality this evening. Critically, JPM will need to use whatever method they can to hedge this now over-hedged and over-long position - which likely means credit instruments such as JNK, HYG, HY18, and IG18 will all get their share of strange attraction as the trader mispriced not just the basis risk (the volatility between the hedge and its underlying) but the attraction of running with a trend when you have a bottomless pit of money to cover it - until now.
It is already evident in the on-the-run liquid indices - HY18 for instance has exploded wider twice now - in line with the net notional reduction and hedging moves from JPM's IG9 position...
This chart somewhat relates to the IG9 skew chart above in that it represents how far above 'fair' the spread of the index trades relative to the underlying names - the spikes show that there was huge technical demand for the index protection relative to the underlying risk of the portfolio.
and perhaps there was already concern in the market with regard JPM's counterparty risk or exposure from hedgies' trades as CDS has been far less exuberant than stocks...
Of course noone knows for sure what exact positions Iksil had on - though it is clear what hedging he needed to do to manage his hedges. As Peter Tchir ( @TFMkts ) noted this evening - perhaps this mark-to-model irregularity is what the Fed discovered and gathered all the banks last week to ascertain just who has what exposure to whom? As we tweeted earlier, perhaps Iksil just got carried away - and please understand that while CDS do indeed provide leverage, so do many other financial instruments - it is not the instrument that caused this - it is the trader as "you don't hedge risk when you bet on momentum continuing you idiot!"
Addendum - VaR is almost entirely useless as a risk statistic in regard to the kind of highly non-linear positions that we are talking about here and so the doubling of JPM's VaR suggests the tail-risk (or conditional VaR) is considerably larger.


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homecandles + lightingcandlesester + erik candlesester + erik | cone candle | 34cm | black
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Share your photos of this product
in your beautiful home.
ester + erik | cone candle | 34cm | black
Brand: Ester + Erik
Ester and Erik candles are manufactured using traditional dipping methods. Each high quality cotton wick is dipped repeatedly into hot paraffin of the highest quality until a beautiful candle has been created. The candles are then coloured and lacqered by hand.
Ester and Erik candles burn cleanly and slowly with no unpleasant smoke or soot. The wick is short of the base so that when it burns cleanly down it extinguishes itself before it reaches the base.
Ester and Erik candles will not drip as long as they are kept away from draughts and not burned too closely together.
The 34cm cones burn for 25 hours.
Item code: ee03008-75
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subset: commoncrawl


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Connecticut reminds online shoppers to pay state's sales tax
HARTFORD >> Connecticut's top tax official is reminding online shoppers to pay the state's sales tax.
Kevin Sullivan, commissioner of Revenue Services, said Monday that if an online retailer does not charge the state sales tax, the consumer must pay. He publicized the sales tax on Cyber Monday, the busiest online shopping day of the year.
Sullivan said if online retailers fail to collect and pay the 6.35 sales tax on most items shoppers must do so when filing income tax returns.
He says many online retailers mislead taxpayers and put them at risk of tax fraud by failing to collect sales tax or advise customers about taxes they could owe.
The National Retail Federation, a trade group, predicts more than 131 million people will shop online on Monday, up about 2 percent from last year.


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Ginger May Soothe Aching Muscles
Ginger May Soothe Aching Muscles
Daily Dose of Ginger May Act as Pain Reliever
Jennifer Warner
WebMD Health News
Reviewed by
Laura J. Martin, MD
Sept. 20, 2010 — Ginger's soothing properties may not be limited to the stomach. A new study shows that ginger may also be an effective pain reliever for sore muscles.
Ginger has been a favorite remedy of Chinese medicine for centuries and is often used to treat nausea and upset stomach. However, researchers say, it hasn't been widely studied as a pain reliever until now.
Daily Ginger Supplement for Muscle Pain
The study, published in The Journal of Pain, showed a daily dose of ginger eased muscle pain caused by exercise-induced muscle injury. In two separate experiments, researchers looked at the effects of two grams of raw or heat-treated ginger in supplement form on muscle pain caused by exercise in 74 healthy adults. The participants performed a variety of exercises designed to induce muscle pain over a period of 11 days while taking ginger supplements or a dummy pill.
"Daily consumption of raw or heat-treated ginger resulted in moderate-to-large reductions in muscle pain following exercise-induced muscle injury," write researcher Christopher D. Black, of the department of kinesiology at Georgia College and State University in Milledgeville, and colleagues.
Raw or Heat-Treated Ginger?
The results showed that raw and heat-treated ginger reduced muscle pain by 25% and 23%, respectively.
Researchers say previous studies in animals have shown that ginger has anti-inflammatory properties, which might help explain its beneficial effects on muscle pain.
Although some studies have suggested that heat treatment may enhance ginger's impact on pain, researchers say their findings show heat treatment had little effect on ginger's effectiveness as a pain reliever.
View Article Sources
Black, C. The Journal of Pain, September 2010; vol 11: pp 894-903.
News release, American Pain Society.
© 2010 WebMD, LLC. All rights reserved.


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Shepard Fairey to Guest Star on The Simpsons
On March 4, Shepard Fairey will guest star on the 23rd season of the iconic television series The
On March 4, Shepard Fairey will guest star on the 23rd season of the iconic television series The Simpsons in an episode titled, "Exit Though The Kwik-E-Mart." In order to get back at his dad, Bart goes undercover as a graffiti street artist and plasters Homer's unflattering image all over Springfield. But one night, Bart and Milhouse get caught in the act by established street artists Shepard Fairey, Ron English, Kenny Scharf and Robbie Conal (guest voicing as themselves), and to Bart's surprise, they invite him to exhibit his satirical artwork in his very own gallery show. Meanwhile, a hip, new health food superstore opens in Springfield that threatens to put Apu and the Kwik-E-Mart out of business. In speaking about the honor of being able to be a part of such a groundbreaking program, Fairey commented "part of being on 'The Simpsons,' is you're being honored as a reference point in culture. But you also can't be too sensitive about that part of culture being made fun of. There's irony that comes with something outsider becoming insider. And they do a great job of examining that."
Source: OBEY


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Welcome to the Ministry of Health's primary mental health and addiction website.
This site has resources for those working in primary mental health, academics and consumers. It is currently only accessible to registered users. If you are currently registered on the site please login to continue.
Important note: This site is no longer being actively maintained and is presented here as an online archive. While it still contains a wealth of useful information, visitors who want to receive the latest health information should register to receive the fortnightly email Digest. This will link you directly to articles of interest in the key areas covered by this site. You can elect to receive the Digest here.


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When I was young I remember being told never to accept candy from strangers.
Seems like Japanese kids are much more generous, and actually give me the candy!
It was snowing today quite a bit. Probably the most that we've had all winter actually. But in my opinion it's half-assed snow. By the time it hits the ground, it instantly evaporates to a cold patch of water. If it lands on me, it looks like a 7-eleven slushie without the raspberry cordial. Right now it's about 3 degrees.
I woke up early today at 1030am. HA.
I thought it'd be a good idea to go to Ochanomizu and Akihabara for a quick perusal before Kawasaki "kamikaze".
I'm still on a guitar kick, but less so since I bought my latest trick.
What was beckoning me to come here today was news of this secondhand Jem 77B RMR in Akiba. It's the same model as the one from America. I HAD to see what I missed out on.
A quick babelfish translation of the internet post states "A little there is a crack in the contour part, but it is the beauty item".
From what I saw in the pictures and in person there was more than a little cracking in this mirror. If it translates to bad luck there's at least 28 years of misfortune in years to come. More so if someone actually pays their asking price of 198,000 yen.
In the shop it didn't look as bad as I thought it would. It adds a touch of character, and you wouldn't be so afraid to scratch it. It's already a pre-scratched relic!
I had a try of this Burny Les Paul copy while I was there.
My favourite guitar of all time is my 1990 Les Paul. I heard that Burny's (made by Fernandes) had a good reputation for LPs.
I saw that this had the sustainer AND a Floyd Rose whammy, so I wanted to see if this was as good as it sounds. The tone was quite nice, but I'm starting to get over the novelty of the sustainer. Still, it's a cool party trick. The whammy bar wasn't tight or recessed, so it didn't feel as good as I hoped in that regard.
The gf wanted to go to Uniqlo for a sale, so she tagged along with me to Kawasaki. Looks like the shopping spree lasted 6 hours for her solely in Lazona.
We went to Shi-an Gyoza, a Chinese Restaurant in Lazona after work. It was pretty tasty, although not quite as good as the one in Yurakucho. If you go to just one in Tokyo, make it here.
On the way out I saw these classic signs and couldn't resist taking these photos. A security guard looked puzzled about what I was doing. I'm a very dangerous man in Tokyo!!
Friday, 27 February 2009
Taking Candy From Strange
When I was young I remember being told never to accept candy from strangers.
Posted by Jimmy In Japan at 11:51 pm
Labels: Akihabara, Kawasaki, Ochanomizu


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my english isn't very good, but if you have a soft spot for reading old books, here is the treasure chest for you.
You will find hundreds of famous old fishing books, like Kelsons Salmon Fly and so on, ready for download until your
maschine smolder.
Have fun
Regards Peter
http://www.archive.org/search.php?query ... pe%3Atexts


text:
|PDF (815 KB) | MS Word (1 MB)
The National Assessment of Vocational Educationa congressionally-mandated studyis charged with evaluating the impact of the Carl D. Perkins Vocational and Technical Education Act of 1998, known as Perkins III, and preparing a report to Congress by July 2002. As part of that effort, the National Assessment of Vocational Education commissioned RAND to conduct a study to assess the quality of vocational education in the United States. The purpose of the study is twofold. It will provide evidence on the extent to which actual practice is consistent with legislative and other views of what constitutes "quality" practice in secondary vocational education. It also will provide evidence regarding how policies made at different levels of the education system enhance or impede implementation of quality practice. RAND's findings as described in this report provide some of the information NAVE needs to evaluate the impact of the Perkins Act and prepare its report to Congress. They also yield lessons for the larger vocational education community by identifying strategies that can be adopted by schools, communities and states to improve the quality of vocational education programs.
Vocational and technical education is defined in Public Law 105-332 as organized educational activities that individuals need to prepare for further education and for careers requiring less than a baccalaureate degree. The educational activities are to offer a sequence of courses that provide individuals the necessary academic and technical knowledge and skills and to include competency-based applied learning. Federal funding for vocational education commenced with the passage of the Smith-Hughes Act in 1917, and since that time federal legislation has sought to shape vocational education in specific ways. Vocational education, like all education in the United States, has traditionally been the domain of states and local communities. The federal government plays an important role in education through its leadership and funding, but the vocational education "system" has no national standards or curriculum.
Over time, federal legislation has attempted to expand influence over state vocational education programs. Perkins III offered specific guidance on the kinds of improvements that a program should incorporate to enhance its quality. These improvements included· integrating academics into vocational and technical studies; · adopting challenging academic, vocational and technical standards; · promoting understanding of "all aspects" of an industry; · encouraging parent and employer involvement; · building linkages to postsecondary education; · expanding use of technology; and · providing for professional development of teachers, counselors and administrators.
Importantly, Perkins III incorporated stronger accountability measures than previous legislation did. States now must develop and track four core performance indicators and meet specific performance targets. Federal funds can be withheld from states that fail to meet their targets.
Perkins III was signed into law on Oct. 31, 1998 and took effect in program year 2000, from July 1, 1999 through Sept. 30, 2000. Thus, it was in effect for less than one year when this study began. States in this study opted to use the last state plan submitted under Perkins II as a transition plan with only minimal changes. New state plans were submitted during the course of the study, but most were not implemented until the second program year, July 1, 2000-Sept. 30, 2001, after Perkins III was enacted.
The study noted three limitations at the outset: little time has passed to allow for full implementation of Perkins III or for its accountability measures to take effect; the reform emphasis in secondary schools is on higher academic standards and performance; and the federal resources are relatively small compared with state funding. Thus, the incentives to implement Perkins-related reforms are weak relative to reforms associated with other state or local policies.
Within this context, the study aimed to understand the extent to which the quality improvements identified in Perkins were being implemented and whether the new provisions in Perkins III were encouraging stronger implementation of the federal vision for vocational education.


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Prep: 10 mins Grill: 15 mins
Makes 16 side-dish servings.
To make the spread in small mixing bowl combine margarine or butter, cheese, basil, garlic and pepper.
Cut bread into 1 inch thick slices. Try not to cut through the bottom crust. Spread the cut surfaces with the pre-made spread. Place bread in center of 48x18 inch piece of heavy foil, which has been folded in half. Bring up the two opposite edges of foil and seal with a double fold. Fold the remaining ends, leaving space for steam to build.
Grill bread on the rack of an uncovered grill directly over medium coals for 15-20 minutes. Turn bread once halfway through.
*DISCLAIMER*: The information contained in or provided through this site section is intended for general consumer understanding and education only and is not intended to be and is not a substitute for professional advice. Use of this site section and any information contained on or provided through this site section is at your own risk and any information contained on or provided through this site section is provided on an "as is" basis without any representations or warranties.


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Featured News - Current News - Archived News - News Categories
by Joshua Maloni
The Village of Lewiston Board will meet Tuesday to discuss underwater hydropower turbines. Trustees are expected to meet with members of local fishing groups the Niagara River Anglers Association and Niagara County Fisheries Development Board.
A representative from ECOsponsible Inc. may also be in attendance. The East Aurora-based company is exploring the possibility of utilizing hydrokinetic turbines in the lower Niagara River. Project manager Dennis Ryan originally met with the Village of Lewiston Board of Trustees on Sept. 17, 2012, to inform elected officials of his group's intent.
In an email Monday to Niagara Frontier Publications, Ryan wrote, "The Niagara River Community Hydro Project (NRCHP) is evaluating several sites located within the permit boundary areas delineated in our FERC (Federal Energy Regulatory Commission) issued preliminary permits for placement of our 'fish friendly' low impact hydro kinetic turbines.
"The environmental firm 'Ecology and Environment' is coordinating our environmental analysis and study plan. The project is still in the preliminary phase and we do not have any defined locations set forth to discuss with the public.
"At this time we are having pre consultation discussions with several Federal, State and local regulatory agencies along with stakeholders who responded to the notice provided by FERC as part of our permit approval process.
"As our study areas become more clearly defined we plan on having several public outreach meetings in the community to discuss our plan and obtain feedback."
In a document filed March 25, 2011, in the Federal Register, under the heading "Department of Energy," it reads, "On September 15, 2010, ECOsponsible, Inc., filed an application for a preliminary permit, pursuant to section 4(f) of the Federal Power Act (FPA), proposing to study the feasibility of the Niagara River Community Hydro Project #2 (Niagara #2 Project or project) to be located on the Niagara River, near Lewiston, in Niagara County, New York. ... The proposed project would consist of the following: (1) Five hydrokinetic turbine support structures, each containing four 10-foot-diameter Spitfire Horizontal Axis Turbines rated at approximately 250 kilowatts (kW) each; (2) a 150-kilovolt (kV) underwater transmission line connecting the triads and transmitting electricity to an onshore collection substation and point of interconnection switchyard; (3) an operations and maintenance building to house the command center of the project's supervisory control and data acquisition system; and (4) appurtenant facilities. The estimated annual generation of the Niagara #2 Project would be 550,000 megawatt-hours."
ECOsponsible was reportedly looking at a riverfront lot on South First Street, near the corners of Tuscarora and Guard streets. Property owner Barbara Kivi confirmed talks had taken place, but are now stalled. She declined further comment.
In his filings with FERC, Ryan describes ECOsponsible as a company "that is dedicated to developing clean, renewable energy within the region and is pursuing the development of this project as part of our efforts to accelerate the availability of new renewable energy supply to consumers of electricity."
Village of Lewiston Mayor Terry Collesano said Monday it's his understanding ECOsponsible could contribute electricity back into the local grid. Pending National Grid's approval, that electricity could be sold to the village at a lower rate and used to power certain municipal entities.
"It would be extra electricity going into the power grid, which is already there," Collesano said. "I imagine it could lower the rates. This is why we're looking at it. We're saying, 'If that's the case, is there the possibility that the village could buy electricity to power Water Street ... or could it be hiked up as far as the municipal building (as an example)?' He's saying, 'Yeah, that could happen,' but it would all have to be approved by National Grid."
Lewiston business owners inquired last week about the status of the turbine proposal. In a dialogue with members of the Niagara River Region Chamber of Commerce, a seemingly dismayed Niagara County Fisheries Development Board alleged it was kept in the dark.
" 'Why is no one letting the fishing community know about this?" was a question posed on a chamber member's Facebook wall. "It's a shame that once again the Lower Niagara River seems to be getting the shaft and many groups seem to be willing to let it happen."
In a second email to NFP, Ryan wrote, "We have reached out to the fishing charter boat community. Their feedback is critical. Recently we obtained some project feedback from a Niagara River anglers group that was so critical we had to revisit and rule out one area of the river; changing our proposed project configuration as it could interfere with the (fishermen)."
Village of Lewiston trustees will hold an open forum on the turbine idea prior to their regularly scheduled 6 p.m. meeting.
History and Permit
ECOsponsible was provided an order issuing a preliminary permit and granting priority to file license application from FERC on July 6, 2011.
In the permit's "project proposal," it states the 550,000 megawatt-hours would be sold to a local utility.
It also reads, "Potential development applicants are required to consult with appropriate state and federal resource agencies and affected Indian tribes, conduct all reasonable studies requested by the agencies, and solicit comments on the applications before they are filed. Further, permit conditions have been framed to ensure that the permittee does not tie up a site without pursuing in good faith a study of the project's feasibility. ... A preliminary permit does not authorize a permittee to undertake construction of the proposed project."
Under the section "permit information," it states, "The purpose of a preliminary permit is to preserve the right of the permit holder to have the first priority in applying for a license for the project that is being studied. Because a permit is issued only to allow the permit holder to investigate the feasibility of a project while the permittee conducts investigations and secures necessary data to determine the feasibility of the proposed project and to prepare a license application, it grants no land-disturbing or other property rights."
Under FERC's terms and conditions of a preliminary permit, it reads, "The purpose of the permit is to maintain priority of application for a license during the term of the permit while the permittee conducts investigations and secures data necessary to determine the feasibility of the proposed project and, if the project is found to be feasible, prepares an acceptable application for license. In the course of whatever field studies the permittee undertakes, the permittee shall at all times exercise appropriate measures to prevent irreparable damage to the environment of the proposed project. This permit does not authorize the permittee to conduct any ground-disturbing activities or grant a right of entry onto any lands. The permittee must obtain any necessary authorizations and comply with any applicable laws and regulations to conduct any field studies."
If all required steps are taken, the preliminary permit is valid for "36 months from the effective date, or on the date that a development application submitted by the permittee has been accepted for filing, whichever occurs first."
In correspondence last year, Ryan updated FERC on what he called the "Niagara River Community Hydro Project." In July, he wrote:
•"In May 2012, The Niagara River Community Hydro Project received an LOI (letter of intent) from a potential financing source for the amount of $28,000,000."
•"ECOsponsible, Inc. has focused its outreach efforts thus far on meeting with and select turbine manufacturing companies and other possible vendors to evaluate each company's products for possible use in the project. We had substantial meetings with over 12 twelve prospective technology related vendors during the past year.
"On July 11, 2012 ECOsponsible signed a Memorandum of Understanding (MOU) with Ocean Renewable Power Corporation of Maine to provide our project with expertise and hardware necessary to develop the Niagara River Community Hydro Project."
•"During the first half of 2012 ECOsponsible has executed two (2) Letters of Intent (LOI) to purchase two potential sites for our projects initial location in each permit boundary area (the other is in Buffalo). Each parcel of property includes riparian access and actual deeded ownership of the Niagara River Bottom.
"Now that we have clarity related to the proposed project locations, and technology used we have begun to compose a site characterization study to confirm the sites will work for our project. We have engaged the services of Ecology and Environment as our Environmental Consultant and Project Planner. They will be the lead consultation point for this project."
In December, Ryan wrote:
•"Since our last submission, the Company has been actively engaged, both formally and informally, with various stakeholders. The Company has engaged in these consultations with the purpose of providing information on the project, to build support and establish cooperative relationships, and to gather information needed to evaluate potential issues related to the construction and operation of the project."
Ryan twice conveyed ECOsponsible's intent to hold public hearings to obtain input from residents and other interested parties.
Involvement with the Village of Lewiston
Eight days after meeting with Ryan in September, Collesano penned a letter in support for ECOsponsible. The letter read, in part, "The Lewiston Village Board was impressed by your power-point presentation on September 17, 2012 in which you explained your company's proposed hydro-project in the Lower Niagara River based on a site in the Village. The project seems well-suited for the site and is compatible with the Village Board's policy of encouraging sensible development in a manner consistent with the character with the Village. We encourage efforts toward the go-green" goal of utilizing alternative energy sources and, with the mighty Niagara providing such a source, we can clearly see the wisdom behind your plan.
"Accordingly, on behalf of the Village Board, this is to express our support for the project and to advise you of our intent to work with you as more detailed plans become available and the project progresses through the various required regulatory and administrative milestones that you described.
"We wish you the best of luck going forward."
On Monday, Collesano said the Village Board supports the concept, but can't approve or reject any projects in the Niagara River.
"We talked to them. They came to one of our open meetings and discussed what they wanted to do," Collesano said. "We listened to them. They were looking for support. We gave them our support. However, during our discussions when we were talking to them, we did say, 'Well, you're going through all the channels?' They said 'Yes.' We said, 'Well, you have to talk to everybody," which they said they had to do."
Collesano said it was his understanding ECOsponsible was supposed to speak with the anglers.
In FERC's order issuing preliminary permit and granting priority to file license application, the Department of the Interior recommended, "ECOsponsible be required to coordinate with the U.S. Fish and Wildlife Service to consider development and operations that would be compatible with existing fish and wildlife resources. Interior also recommends that the following be stipulated in any preliminary permit issued for the proposed project: 'the permittee shall design and conduct, at project cost, as soon as practicable after issuance of the project's preliminary permit, preparatory studies in cooperation with the New York State Department of Environmental Conservation, the U.S. Fish and Wildlife Service, and the National Park Service. These studies shall address, but not be limited to, the effects of project construction and operations on the movements of fish and other aquatic organisms, the reproduction and survival of aquatic or semi-aquatic fish and wildlife resources, recreational fishing and navigation, wetland and riparian wildlife, vegetative species, and historical and archaeological resources. The studies shall also identify and evaluate general measures to avoid, offset, and/or reduce adverse project-caused impacts on fish and wildlife resources.' "
In his second email, Ryan wrote, "In reality our concern for the environment is the reason we are pursuing this project."
He said ECOsponsible, in the development of the Niagara River Community Hydro Project, is following more than a half-dozen environmental laws, including the Endangered Species Act, the Magnuson-Stevens Fishery Conservation and Management Act, the Coastal Zone Management Act and the Clean Water Act.
At the September meeting with Village of Lewiston trustees, ECOsponsible also floated the idea of building a school on South First Street (to operate in conjunction with using the Niagara River to generate electricity). Collesano said he doesn't think the school portion of the plan is still in play.
Note: The portions of the written correspondence cited above appear "as is" and were not corrected for style or grammar.


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Experience More Hours on New Year's Eve
16 Dec, 2012, 09:30 GMT
LONDON, December 16, 2012 /PRNewswire/ --
New Year's Eve in the UK is often an anti-climax after Christmas. It's cold, often wet and starts getting dark before 4pm. But if you want more sunlight and fun from New Year's this December then check out any one of hundreds of late deal holidays currently available.
Here are Thomas Cooks' top three:
Sharm el Sheikh
Although not at its hottest, Sharm el Sheikh is still surprisingly warm at this time of year. You will also avoid the crowds that you get in the summer ensuring that you always get a spot by the pool.
The resort has thrived over the past few years with increased visitors meaning that it now features several luxurious hotels. The food on offer is also excellent with a great range of luxury seafood. At the prices available at this time of the year, it seems a shame to say no.
Turkey is the perfect distance away for a short break this winter; far enough to enjoy some good weather but not far enough to ruin your trip with jetlag.
A turkey holiday has become increasingly popular over the last 10 to 15 years with cheap flights, excellent hotels and guaranteed sunshine prompting more visitors to travel to the area. With a break to Antalya in Turkey this New Year you can still expect all the sunshine but with smaller crowds.
New Year's Eve is the perfect opportunity for a good party in any location but Kefalonia is a great choice for anyone looking for a really memorable night out. When it comes to partying, the Greeks put us Brits to shame and none of their many popular tourist locations throws a party quite like Kefalonia.
The island is just a stone's throw away from the mainland making transfers easy and affordable - leaving you with more time for you to relax in the winter sun. Where Kefalonia really comes into its own is on a night out. Whether it's a good restaurant, lively club or a few glasses of wine at a seafront bar, this island has it all.
One of the most beautiful islands in the Caribbean, Cuba's residents know how to celebrate New Year. The best place to enjoy the action is in Havana, where you can head down to the seafront to watch some beautiful fireworks. If you're feeling lucky you can try to hustle for a ticket to the exclusive celebrations in Cathedral Square, where 300 lucky guests are invited to enjoy a seated dinner as they watch local music and dance.
SOURCE Thomas Cook


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James Shields to host foster care program in 2013
KCP&L to Sponsor "Big Game James Section" that Allows Foster Children & Their Families to Enjoy a Special Night at Kauffman Stadium; First Event Set for May 24
KANSAS CITY, MO (May 21, 2013) - The Kansas City Royals and KCP&L, together with starting pitcher James Shields, announced today details of a new community outreach program - the Big Game James Section. Through the program, the right-hander, who joined the Royals this offseason from the Tampa Bay Rays, will continue his long-standing association with foster care children.
Shields will host 250 children and their families who are part of local foster care programs at five Royals home games this season. Each child will receive complimentary tickets in section 206, a "Big Game James" t-shirt, courtesy of KCP&L, and a free meal courtesy of ARAMARK and Papa John's Pizza. In addition, the children will participate in a meet and greet with Shields prior to the game. Fans who purchase tickets in section 206 on the designated Big Game James Section nights will also receive a "Big Game James" t-shirt in support of the program.
In addition to treating the kids to a fun night out at the ballpark, the ultimate goal of the program is to raise visibility about the thousands of local foster children in need of homes and the opportunity for families to serve as foster families for these children in need.
"We believe the greatest investment we can make is in our youth, which is why we fund community programs that help children affected by major life transitions," said Chuck Caisley, KCP&L vice president of Marketing and Public Affairs. "This program gives foster kids the same chance to go to a baseball game, bond with their caregivers and make childhood memories that other kids in our community enjoy."
The first Big Game James Section event will be held on Friday, May 24 when the Royals take on the Los Angeles Angels at 7:10 p.m. Children from KVC Behavioral HealthCare, Inc. will be guests that evening and will also participate in the program later in the season. KVC's work as a private, non-profit organization enriches and enhances the lives of thousands of children and families by providing medical and behavioral healthcare, social services and education. Founded in 1970, KVC works to heal the most traumatic cases of childhood abuse and neglect. Named in 2008 by the Annie E. Casey Foundation as a best-practice organization, KVC is a leader in the use of evidence-based research and innovative tools and technology to advance the welfare of children and families.
Other foster care children associated with Drumm Farm Center for Children and Jackson County Children's Division will also participate in the program later in the season.
"This is a cause that is near and dear to my heart," said Shields. "My wife and I started working with foster children when I was with the Rays, and I'm excited to continue with the Royals and KCP&L. Spending a day out at the ballpark is a great family activity, and I hope this program helps bring foster kids and families closer together as we try to find permanent homes for these children." \
The following is a complete list of Big Game James Section events scheduled for 2013.
- Friday, May 24 vs. Los Angeles Angels
- Friday, June 7 vs. Houston Astros
- Friday, June 21 vs. Chicago White Sox
- Friday, July 19 vs. Detroit Tigers
- Friday, August 23 vs. Washington Nationals


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This is not to criticize the current system - it works very well.
But I was just wondering if there were any specific technical reasons why SO is using the URL something like:
instead of the "more" MVC-like:
or something like that?
I ask because I'm tasked with retro-fitting those MVC-style SEO-friendly URL's onto an existing Webforms app, and I was wondering about the motivation of the SO design team for going this route.


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The Herd is a special White House 2012 series covering the obvious and not so obvious potential choices to be selected as Mitt Romney's vice presidential running mate on the Republican presidential ticket. Each day, White House 2012 will introduce you to one the many Republicans which we believe will be at least considered for the vice presidency by the now inevitable presidential nominee, Mitt Romney.
In addition to a biographical information and a brief assessment of each potential nominee and their chances of being selected by Mitt Romney, White House 2012′s coverage also includes each potential nominee's voting records, as well as a listing of their public statements and links to their web sites.
Today White House 2012 takes a look at former Speaker of the House Newt Gingrich.
Born: June 17, 1943, Harrisburg, Pennsylvania
Spouse(s):Jackie Battley (1962-1981), Marianne Ginther (1981-2000), Callista Gingrich(2000-?)
Children: Two daughters, two sons-in-law and two grandchildren.
Residence : Carrollton, Georgia (79-93), Marrietta, Georgia (93-99) McLean Virginia (Current)
Alma mater:Emory University,Tulane University
Profession:College Professor, author, Member of Congress
Religion: Roman Catholic
Political Career :
- Two unsuccessful runs for Congress in Georgia's sixth congressional district in 1974 and 1976
- Elected to Congress in 1978 and subsequently served for 8 more terms until 1999
- From 1989 to 1995 he served as the 16th United States House Minority Whip
- From 1995 to 1999 he served as the 58th Speaker of the U.S. House of Representatives
Throughout his continuing career, Gingrich has proven to be a prolific and top selling author. Most of his novels are comprised of innovative, conservative policy initiatives and directions that are rooted in the founding principle of our nation. His first book was published in January of 1982. It was entitledThe Government's Role in Solving Societal Problems and offered a solid foundation for conservative leadership in America. But his breakout book came in 1985 withWindow of Opportunity, a profound compilation of of path to prosperity in America.
Other works include:
- Contract with America (co-editor).
- Restoring the Dream
- Quotations from Speaker Newt
- To Renew America
- Lessons Learned The Hard Way
- Presidential Determination Regarding Certification of the Thirty-Two Major Illicit Narcotics Producing and Transit Countries
- Saving Lives and Saving Money
- Winning the Future
- Rediscovering God in America
- A Contract with the Earth
- Drill Here, Drill Now, Pay Less: A Handbook for Slashing Gas Prices and Solving Our Energy Crisis
- Real Change: From the World That Fails to the World That Works
- To Save America: Stopping Obama's Secular-Socialist Machine
Newt has also written a substantial number of historical novels:
- 1945
- Gettysburg: A Novel of the Civil War
- Grant Comes East Thomas Dunne Books
- Never Call Retreat: Lee and Grant: The Final Victory
- Pearl Harbor: A Novel of December 8th
- Days of Infamy
See a more detailed bio of Newt here on his White House 2012 presidential contender page
Newt is probably not going to be Mitt Romney's choice as a running mate. While he is consistently considered the smartest man in the room, he is also one of the loosest cannon in any room and although he can easily bring some very positive qualities to the ticket, it his baggage that may prevent us from every seeing how positive those qualities may be on the G.O.P. presidential ticket.
Newt would certainly be impressive in any vice presidential debates, although it is more than likely that the Obama ticket will only allow one vice presidential debate, if even that. Newt would also certainly be able to condense the election down to several very succinct and powerful words that the average voter would be able to relate to in a most convincing way.
But Newt will also shoot from the hip and in what will undoubtedly be a highly negative campaign waged with the near billion dollar campaign war chest of the Obama ticket, any stray bullets fired off by Newt could become lethal distractions that the Romney campaign can ill afford. Just having Newt on the ticket will be a very distraction. The left's venom of Newt is so strong, that a daily rush of personal name calling and attacks will be discussed in a pro-liberal mainstream media to such a great extent, that the Romney-Gingrich message would be overshadowed and muted.
As a play it safe kind of guy, Newt is probably too much of a risk for Romney's liking and Newt's long and accomplished political career is most likely open to the type of criticism that Mitt Romney does not want to deal with. Therefore, despite Newt's ability to compensate for several of Mitt's shortcomings, such as a lack of innovation and boldness as well as a lack of any popular anti-establishment sentiments, Newt will probably not be Vice President anytime soon. Add to that a bitter campaign between the two of them and what you have is a personal relationship that does not preclude the idea from consideration, but is not exactly conducive to the creation of an enthusiastic partnership at the top of the presidential ticket.
- Articulate and has a great capacity for shaping issues in a way that makes the conservative approach to our problems seem like common sense
- Has an anti-establishmentarian streak that can appeal to independents and T.E.A. Party activists and compensate for Romney's establishment image
- Great in debate
- Brings unappalled experience to the ticket
- Would help Romney among Southern conservatives who are not comfortable with him
- Has personal baggage which can easily become a distraction in the campaign
- Has been a harsh critic of Mitt Romney and his policies
- Shoots from the hip and can be a very loose cannon
- Has the potential to overshadow Mitt Romney
Overall Assesment:
In some ways, Newt would be the perfect Vice President. Having once been the second in line for presidency, his experience is invaluable. He is also incredibly articulate and dogged in his defense of conservative values and tireless in his efforts to find innovative solutions to our problems and ways to remove government from our everyday lives. But Newt has an ego problem and it often gets in his way and it is that ego problem which Mitt Romney will probably not allow to get in the way of his winning the White House. So when it comes to Newt Gingrich, he would not be the perfect Vice President for Mitt Romney.
Furthermore; while Newt was relatively competitive in the first half of the primary process, he never quite caught on and proved that he can't be even be counted on as a favorite son of the South who could motivate those Southern voters uninspired by Romney. And that is an important factor because for Mitt Romney to win this election, he will need to have the Republican base come out to vote for him in near record numbers.
Overall, while the selection of Newt would be a good one from a policy, management, and issue oriented angle, from a political perspective regarding an election, Newt is not the best choice for Mitt.
Some Past Key Votes
H Res 611 – Impeachment Resolution: Article One
Dec. 19, 1998 – President Clinton was charged with willfully providing perjurious, false and misleading testimony to the grand jury concerning one or more of the following:: – …
H Res 611 – Impeachment Resolution: Article Three
Dec. 19, 1998 – -Accuses President Clinton of obstructing justice by coaching White House Secretary Betty Currie in potential testimony, encouraging Monica Lewinsky to lie under oath and by …
H Res 611 – Impeachment Resolution: Article Two
Dec. 19, 1998 – – Accuses President Clinton of committing perjury on December 23, 1997, during his testimony in a Federal civil rights action brought against him by Paula …
More Key Votes
Gingrich on the Issues
Filed under: Newt Gingrich, The Herd, Vice Presidential Contenders | Tagged: 2012 Presidential Election, 2012 presidential election news, Anthony Del Pellegrino, callista gingrich, Can Newt Gingrich deliver conservatives to mitt Romney, election news, former Speaker of the House Newt Gingrich, Georgia, Gingrich, kempite, long list, Mitch Daniels voting record, Mitt Romney, Mitt romney vice presidential screening process, mitt Romney's short list, newt, Newt Gingrich, Newt Gingrich bio, newt gingrich for vice president, Newt Gingrich's public statements, obama, potential Republican vice presidential nominees, race for the white house, Republican, republican election news, republican vice president, republican vice presidential long list, Romney, Romney 2012, Romney Bush, romney Gingrich 2012, Romney to name Newt Gingrich as his running mate, romney's vice presidential screening process, Speaker of the House Newt Gingrich, veep watch, vetting a potential vice presidential nominee, Vice President Gingrich, Vice President Newt Gingrich, vice presidential candidates, vice presidential choices, WH12, White House 2012, whitehouse12.com, who will mitt romney pick, who will mitt romney pick to be his running mate, will mitt Romney pick Newt Gingrich will Newt Gingrich be on the republican presidential ticket, Will Newt Gingrich be Mitt Romney's pick for Vice President, will Newt Gingrich run for vice president | Leave a comment »


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Students in the Bothell Campus BA program may specialize in Accounting or Supply Chain Management or choose from one of six concentrations.
The two-year Accounting Option prepares students for careers in private, government, and non-profit and public accounting. Graduates can serve as internal auditors, managerial accountants, tax examiners, budget analysts or government auditors. After completing this option, students are eligible to take the Certified Management Accounting (CMA) exam. If you want to be a Certified Public Accountant (CPA), a minimum of 225 quarter hours or five years of college is required.
Learn how firms make financial decisions and how these decisions affect individual organizations and society as a whole. You'll learn how firms acquire and allocate funds, how financial markets operate, and the role these markets play in economic welfare. The study of finance includes the use of models to develop analytical approaches to problems. Graduates take positions in financial institutions such as commercial and investments banks, finance departments of major corporations, or consulting firms.
Examine the many management challenges facing modern business organizations and how to use the tools needed to deal with a complex and rapidly changing environment. Areas of study include entrepreneurship, leadership and decision making, conflict resolution, human resources, and managing employees. Graduates often pursue careers in consulting or as leaders in the private or public sector.
Learn the technical and business skills required to solve business problems in technology-based environments. You'll learn to conduct structured and informal analyses to design and improve applications and systems, from e-commerce storefronts to enterprise applications. MIS students complete courses in both Business and Computing Software Systems (CSS)
Learn to develop and implement coordinated marketing programs to successfully manage a company's relationship with its target customers in order to meet its strategic goals in a competitive environment. Graduates go on to work in brand management, sales, marketing research and consulting, and entrepreneurial ventures.
The Retail Management concentration provides students with a solid foundation of theory important to the retail management discipline. Specifically, students will acquire an interdisciplinary knowledge of merchandise acquisition, strategic retail promotion, retail operations, and supply chain management. They will also gain an understanding of cutting edge uses of technology in retail management and gain the mindset necessary to find and apply new applications for technologies in the retail context as these new technologies emerge. Students will have the opportunity to apply their learning through real world class projects, and gain experience and exposure to the retail industry through strategic partnerships with important retailers in the area. Engagement with this key industry through the Retail Management Concentration provides numerous opportunities for students and helps to prepare them to become leaders in the retail industry.
Prepares students for careers in operations, logistics, purchasing and distribution. Students learn about the production, shipment and distribution of products, understanding sales, inventory and other crucial aspects of businesses.
Understand the nature of innovation, the relationship between strategic leadership and innovation, and how organizations use technology and new product development processes to successfully manage change. After graduation, students apply their knowledge in industries such as engineering, computing, telecommunications and biotechnology.