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Don't Buy Into GameStop's Supposed Saviors
Matt is a member of The Motley Fool Blog Network -- entries represent the personal opinion of the blogger and are not formally edited.
It's a minor miracle in and of itself that GameStop (NYSE: GME) is still alive. Their business model within the video game industry is eerily similar to that of Blockbuster's within the home movie industry a few years ago. How can a store which sells hard copies of a digital product persist while customers can download that same product for lower prices from the comfort of their own home? Simply put, in the long run it can't.
Yet, GameStop's advocates continue to cling to two bright spots in the company's future. First, GameStop continues to show strong sales in the used game market. Second, GameStop has entered and will continue to penetrate the digital download market. Don't buy the hype: these are nothing more than red herrings.
The Used Game System will Fall Apart
About a third of GameStop's sales last year came not from new releases, but from the sale of video games traded in for store credit. The company's "PowerUp Rewards" system was admittedly quite a clever idea: customers buy new games, play through them (often very quickly), and then trade the games in for store credit which gets a discount on the purchase of other used games. The result is a loyal, constantly repeating fan base which both buys from and supplies the company, to the tune of well over $3 billion per year, or a third of GameStop's total revenue.
As a former member of this system, I cannot see it lasting much longer. The problems are two-fold; the selection of used games is weak and the deals just aren't very good.
Which used games are available to a customer are directly connected to whatever games were redeemed at the given individual stores the customer lives near. This might not be a big deal for gamers in New York City, but it is a serious problem for people in less populated areas, especially when rare items are desired. On top of that, the trade-in values range from a mere 20-50% of the original purchase price.
Honestly, I am surprised that online retailers like Amazon (NASDAQ: AMZN) haven't already destroyed GameStop's used sales. Not only is the selection variety practically infinite (as of writing this, typing "video games" into their search bars net 173.5 thousand results), but resale prices are often close to 90% of the original purchase price, especially near launch day. And of course, you don't get store credit, but cold hard cash.
It also doesn't help GameStop that Amazon continues to streamline its video game sales. Amazon now regularly sends targeted emails about new items and sales to customers of specific product lines, therefore encouraging repeat purchases. I personally receive an email every week or two about the newest video game deals offered. Amazon is even specifically targeting GameStop as a competitor. For Labor Day and Black Friday, Amazon matched nearly all of GameStop's special sales, even at 50% discounted prices. Better yet, Amazon launched its own Video-Game Trade in program (for Amazon credit) in 2009 which beats GameStop's redemption rates so consistently that it cannot be coincidental. In addition, trade-ins give the users discounts on video games and accessories that change weekly. While solid data isn't currently available, the trade-in system has a great design and will likely cut into GameStop's used game market considerably.
The Digital Download Market is too competitive
Earlier in November, GameStop announced its intentions to close 1% (200) of its retail stores worldwide over the next year. The reason was obvious, physical game sales plunged by almost 30% during the first two quarters of 2012. Hard copy distribution is dying. To GameStop's credit, they are attempting to adjust to this obvious market trend with their own DLC (downloadable content) platform which has been growing revenues at 40-50% every year for the last few years to constitute a full 46% of total revenues thus far in 2012.
That all sounds great until it is noted that digital distribution sales more than doubled every year at the same time. The digital distribution market is being flooded with more competitors than GameStop can handle. Recall that in physical distribution, GameStop only has to deal with Best Buy, Wal-Mart, Target, and a handful of other small retailers, all of whom consider video game sales to be a rather unimportant component of their overall business model. But online, GameStop is competing against Microsoft's XBOX Store, Sony's PlayStation Online, Nintendo's Wii Network, Valve's Steam, Electronic Art's Origin, Blizzard's Battle.net, and dozens of other smaller retailers. Furthermore, nearly all of these networks have well established (if not fanatical in the case of the XBOX Store and Steam) fan bases with engrained console and company loyalties.
GameStop's digital distribution program's competitive disadvantage is already showing. It gets little to no support from the rapidly growing indie game market that has flocked to Steam's dirt-cheap distribution costs. The actual process of downloading the games is needlessly complicated since buyers have to purchase a code online and then input it later into their console. And PC sales in general have essentially abandoned GameStop as Steam alone controls more than 70% of the PC game market.
GameStop's Bleak Future
I cannot say how much longer GameStop will last. Its "PowerUp Rewards" system has probably instilled enough brand loyalty and created enough store credit to keep the company afloat for some time, especially with a new console generation coming up to temporarily boost hardware sales. Yet, shorting GameStop for the foreseeable future is a no-brainer for any investor with an eye on the video game industry.
Dormin123 has no positions in the stocks mentioned above. The Motley Fool owns shares of GameStop. Motley Fool newsletter services recommend eBay and GameStop. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. Is this post wrong? Click here. Think you can do better? Join us and write your own!


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Manthan - The Churning (1976)
Banner: Gujarat Co-operative
Director: Shyam Benegal
Cast: Girish Karnad, Smita Patil, Anant Nag, Naseruddin Shah, Amrish Puri, Savita Bajaj, Kulbhushan Kharbanda.
Total Length: 2 hrs. 8 mins.
to view Part-2
Synopsis: Manthan relates the story of a young urban group headed by a veterinary doctor, whichis sent by an organization to a poor village in order to help start a milk cooperative.
As they proceed, they come up against two kinds of vested interests. One, a private contractor who has been exploiting the village for years and two, the village headmen who sees in the cooperative a means to strengthen his own power.
The team leader, who can see this thinks that if he could get the poor majority (who also happen to belong to the harijan community - or the out-castes) into the cooperative, he can thwart the headman. More>>

subset: commoncrawl


text: Of the more than 60 dialogue mechanisms between Beijing and Washington, the annual China-US Strategic and Economic Dialogue tops in terms of the rank of participating officials, the involvement of government departments, and the coverage of topics for discussion. As can be seen from the outcomes from previous dialogues, this platform has come to be exploited by the two parties to answer, through confirmation of the various deals and intentions on specific economic issues they have reached in normal days, what their respective societies have been waiting for. Endorsement of projects and indication of future direction of further consultations are crucial. It spurs action at the grassroots level.


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Detroit Red Wings forward Justin Abdelkader has been suspended two games for charging Toni Lydman of the Anaheim Ducks in Game 3 of their series on Saturday night.
Abdelkader appeared to line up Lydman and propel himself into the Ducks defenceman, hitting him in the side of the head with his shoulder.
Abdelkader was assessed a major penalty for charging and given a game misconduct with 4:49 left in the second period.
Lydman was helped off the ice and did not return to the game.
"From what I gather, the league has done a pretty good job with these things, and I'm not going to say anything," Anaheim coach Bruce Boudreau said after the game. "Mr. Shanahan can look at it."
Red Wings coach Mike Babcock was also reserved in his comments on the hit.
"His shoulder hit his shoulder, and the kid went down hard. They called it a major. I'm not involved in the next part of the process," said Babcock. "I didn't think he was up. I didn't think his arms were up or anything."
Game 4 of the series is scheduled for Monday night in Detroit.
TSN.ca previews what to expect out of the NHL's 30 teams as we count down to puck drop. Check daily for team previews and updates on each Canadian franchise leading up to Oct. 8.
Latest Preview: Arizona Coyotes


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Worcester Street, The Press building.
Ross Becker
Attribution: This photo was taken by New Zealand documentary photographer Ross Becker as part of a project to capture in photographs, both the impact of the earthquakes of 4 September 2010 and 22 February 2011, and the restoration activities. Find out more about Ross Becker's photos »


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Nominee for Outstanding Supporting Actress in a Comedy Series - Sofia Vergara
As Gloria Delgado-Pritchett, Emmy nominee Sofia Vergara must sometimes muster up some angry outbursts. In "Disneyland," hubby Jay theorizes that maybe, just maybe, the reason Gloria gets very angry from time to time is because she's always wearing uncomfortable shoes. Like we said, it's just a theory.
Who do you think should win? Comment below and watch the 64th Primetime Emmys on ABC LIVE SUNDAY SEPT 23 8|7c.
Use a Facebook account to add a comment, subject to Facebook's Terms of Service and Privacy Policy. Your Facebook name, photo & other personal information you make public on Facebook will appear with your comment, and may be used on ABC's media platforms. Learn more.


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The UCSF community is invited to hear Eric Dishman, director of Health Innovation and Policy for Intel's Digital Health Group, talk about Intel's approach to health care at UCSF on April 5.
Latest News
March 27, 2012
March 23, 2012
The UCSF Family and Community Medicine Residency Program at San Francisco General Hospital and Trauma Center (SFGH) celebrates its 40th anniversary. It has trained more than 400 family doctors who have cared for tens of thousands of underserved patients and advocated for millions more.
March 22, 2012
Radiation exposures to the people in Japan from meltdowns at three Fukushima Daiichi nuclear power plant reactors in the wake of last year's devastating earthquake and 45-foot tsunami have been less than what people were exposed to in the aftermath of the Chernobyl disaster a quarter century ago, according to two experts who spoke at UCSF.
March 22, 2012
A year later, the Japanese public continues to be concerned about radiation contamination, cleanup, public health and the struggles of those in communities affected by the catastrophic earthquake, tsunami and Fukushima Daiichi nuclear reactor meltdowns.
March 19, 2012
Stuart H. Altman, PhD, professor of national health policy at Brandeis University, will talk about "Power, Politics and Universal Health Care," at a seminar at UCSF on March 22.
March 13, 2012
UCSF's first male dean of the School of Nursing, David Vlahov, PhD, RN, an epidemiologist who specializes in partnering with community organizations to improve urban health, was profiled recently in a front page story in the San Francisco Chronicle.
March 13, 2012
An offshoot of the popular TED conference series that addresses innovations in health and medicine will be streamed live to UCSF campuses from April 10 to 13.
February 13, 2012
UCSF's Patricia Dennehy, director of the nurse-managed Glide Health Services center, is among five Californians to receive the 2012 James Irvine Foundation Leadership Awards today for applying proven, innovative approaches to some of the state's most difficult problems.
January 09, 2012
John Maa, MD, an assistant professor in the UCSF Department of Surgery, and Neal Baer, MD, executive producer of TV's "ER" and "Law & Order: Special Victims Unit," will address "The Futre of Emergency Care in America - Doctors as Storytellers" on January 11 in Cole Hall on the Parnassus campus.
December 20, 2011
From improved heart failure and HIV treatment, to gene therapy and stem cell discoveries, here is just a sampling from 2011 of research advances at UCSF that are keeping the research pipeline flowing toward better healthcare -- including greater patient safety, more efficient healthcare delivery, and improved outcomes for patients.


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- Rachel Miller
- Washington, DC
- United States
This conversation is closed.
What's your story?
Unlike a typical "question-answer" forum, I am deeply interested in learning the stories of people from around the world. There's no "right" or "wrong," just a space for sharing what makes you, you!
TED and TEDx speakers are given a literal stage for sharing their story, their passion. But what about YOUR story? And YOUR passion? Every single person - an official TED-talker or not! - deserves a platform for sharing their story.
Ever since I can remember, my parents have always said "You ask too many questions!" because I've always been a curious person (and especially a curious child - I bet my parents didn't think they would have to answer so many questions about, well, everything!). As an adult, that curiosity has turned into a fascination with learning about why we are the way we are, and how we get to where we are right now.
"What's your passion?" is actually a pretty loaded question. Because within it is history, hope, pain, experience, knowledge, and the list goes on. But by starting to ask ourselves what defines our "story" and our "passion," I truly believe that this is where our hope for a better future begins.
Maybe you're still figuring out what your passion is, or what it means for your own life. That's ok! I believe that by starting the dialogue about our story, the themes of passion unfold by looking in retrospect over our lives.
So, what's your passion? Where does your story start? And where is it now?
I'm excited to read your responses!
Showing single comment thread. View the full conversation.
Sophia BAE 10+Aug 2 2013: Hello, Rachel. I'm glad to write down the first comment on your conversation. My story..um..I am a korean student and my country is obsessed with English education. But it does not work well because students only learn reading and listening and grammer not speaking or writing. They go private educational institutions, feeling public educations are not enough. And this is quite sad things.
These days, I'm curious about various languages. I'm challenging studying Chinese. It's quite hard but worth keeping.
Aug 2 2013: I just want to learn more languages. Even though, I have studied various languages slightly, now I am going to review them in detail. Why I want to learn languages is that they are the best way to commnunicate and interact with others who are really different from me. To approach them, the attitudes kind of "I am with you, I am understanding you." are important.:)
Aug 13 2013: Sophia, I completely agree! Sometimes in order to help another person in the best and most helpful way, we must see through their eyes. How wonderful that you see language as a way to do that! Continue working toward this understanding and know that you are doing such wonderful work for the world!
Showing single comment thread. View the full conversation.


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Know Your Star: Sylvester Stallone
Sylvester Stallone will be seen next in 'Escape Plan'
He may not be a happening star. He is not a has-been either. 'Sly' Stallone is very much alive, kicking and punching! He has been in Hollywood fans' collective memory ever since he drew 'First Blood'.
Rambo and Rocky still are the synonyms of masculinity. One of the evergreen icons of America, Stallone continues to be revered as a writer, director and a superstar.
Here's a pictorial fact file on the "The Italian Stallion", who will be seen next in 'Escape Plan'. Click on!
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Woman's exceptional care, centered on you
WomenCertifited® as one of the Top 100 Hospitals for Patient Experience
September 20, 2011
Women in the community have ranked Woman's Hospital a Top 100 Hospital for Patient Experience by WomenCertified®, an organization committed to helping women identify businesses that value the customer experience and appreciate female consumer needs. The survey process is based on significant research of customer satisfaction among local women. Based on individual patient feedback, Woman's averages 94 percent patient satisfaction every year.
"This recognition holds special significance because improving the health of women in our community is our mission. At Woman's, we work hard to provide an individualized, caring experience and to be chosen for this honor sends a strong message that we are meeting the unique needs and exceeding the expectations of our patients," says Teri Fontenot, President and CEO of Woman's. In the U.S., women account for 85 percent of all healthcare decisions.
Recipients do not apply for the award; they are selected based on a rigorous scoring process that begins with the Hospital Consumer Assessment of Healthcare Providers and Systems (HCAHPS) database and then focuses on female patient satisfaction survey scores, as well as, research conducted in partnership with the Wharton School of Business on what drives the consumer experience for women vs. men.


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Brittany works with students from the Tidewater area of Virginia, as well as students from Alabama, Arkansas, California, Iowa, Illinois, Indiana, Louisiana, Mississippi, Missouri, Oklahoma, Oregon, Texas, Washington, and Wisconsin.
Hi, my name is Brittany and I am excited about the prospect of you becoming a student at Randolph College!
I moved to Lynchburg from Orlando, Florida in 2008 to study Religion at Liberty University. During my four years at college, Lynchburg absolutely captured my heart and has become the place I am proud to call home. If you choose Randolph College, you will have the opportunity to experience all that Lynchburg and Virginia have to offer. Some of my favorite things to do around town would be running the trails at Blackwater Creek, hanging out at The Muse (one of the local coffee shops), hiking the Peaks of Otter (45 minutes away) or shopping at the Farmer's Market downtown. My best memories and most meaningful friendships were made in college and I hope you experience the same.
I spent my senior year at Liberty University working in their recruitment department, providing daily tours to visitors of the campus and planning events for prospective students and their families. I thoroughly enjoyed working with new students as they made the transition into college life. Choosing a college is an enormous decision that will have a tremendous impact on the direction your life. Choosing to attend Randolph College means choosing academic excellence, a tight knit community and professors who will personally encourage you to work hard to achieve your goals.
As you take the next steps in your college application process, I am here to help. Feel free to contact me at firstname.lastname@example.com or 434-485-2418.


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Ocean Sciences Postdoctoral Research Fellowships (Oce-Prf), National Science Foundation (Nsf)
Solicitation 13-504
Important Notice to Proposers
A revised version of the NSF Proposal & Award Policies & Procedures Guide (PAPPG), NSF 13-1, was issued on October 4, 2012 and is effective for proposals submitted, or due, on or after January 14, 2013. Please be advised that, depending on the specified due date, the guidelines contained in NSF 13-1 may apply to proposals submitted in response to this funding opportunity.
Please be aware that significant changes have been made to the PAPPG to implement revised merit review criteria based on the National Science Board (NSB) report, National Science Foundation's Merit Review Criteria: Review and Revisions. While the two merit review criteria remain unchanged (Intellectual Merit and Broader Impacts), guidance has been provided to clarify and improve the function of the criteria. Changes will affect the project summary and project description sections of proposals. Annual and final reports also will be affected.
A by-chapter summary of this and other significant changes is provided at the beginning of both the Grant Proposal Guide and the Award & Administration Guide.
Full Proposal Target Date: January 13, 2014
Second Monday in January, Annually Thereafter
The Division of Ocean Sciences (OCE) offers Postdoctoral Research Fellowships to increase the participation of under-represented groups in the ocean sciences. Awards are intended to support the individual fellows' research and increase the diversity of the U.S. ocean sciences research community. In this solicitation, the term under-represented groups will refer to and include the following: women, persons with disabilities, African Americans, Hispanics, Native Americans, Alaska Natives, and Pacific Islanders. Fellowships are awards to individuals, not organizations, and are administered by the fellows.
This program provides educational opportunities for Postdoctoral Fellows . Individuals interested in applying for funding should see the program guidelines above.
2013 Ocean Sciences Postdoctoral Research Fellowship Handbook
2012 Ocean Sciences Postdoctoral Research Fellowship Handbook
What Has Been Funded (Recent Awards Made Through This Program, with Abstracts)
Map of Recent Awards Made Through This Program
View or Apply
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Defenseman Released from PTO after One AHL Game
Providence, RI - The Providence Bruins, in their 17th season in the American Hockey League, announced that defenseman Josh Engel has been released from his Professional Tryout Agreement. With the move, the P-Bruins have 22 players on their roster, including 14 forwards, six defensemen and two goaltenders.
Engel, 24, joined Providence on December 4 and appeared in one game, going scoreless with a minus-two rating last Friday night against the Lowell Devils. The defenseman, who began the year with the ECHL's Gwinnett Gladiators, is in his second professional season and first full year after a brief stint at the AHL level in 2007-08 with the Albany River Rats following his senior campaign for the University of Wisconsin Badgers. Engel got off to a productive start for Gwinnett this season, scoring nine points (2g, 7a) in 17 games, highlighted by two three-game scoring-streaks. His first pro goal came on October 18 against the Mississippi Sea Wolves.
Engel's pro career began last year, playing his first game for Albany on April 4 at the Norfolk Admirals while adding his first pro point with an assist. The blue-liner appeared in his first professional playoff game two weeks later on April 18 at the Philadelphia Phantoms.
An undrafted native of Rice Lake, Wisconsin, Engel recorded 17 points (3g, 14a) and 48 penalty minutes in 100 collegiate games for the Badgers. As a sophomore, Engel helped lead Wisconsin to the 2006 NCAA Division 1 National Championship over the Boston College Eagles for the school's fifth title.
Providence Bruins season tickets, Flex Tix packages and single game tickets are on sale now for the 2008-09 season. To purchase tickets or to learn more information, call the P-Bruins ticket office at (401) 273-5000 or log on to the team website at providencebruins.com.


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Plaintiff says she reasonably expected privacy when she went to get her nose fixed. Instead, it was allegedly put online.
Researchers at the Karolinska Institute in Sweden have developed a new kind of breathalyser that detects a lot more than just alcohol on your breath.
Scientists in Sweden believe they've made a breakthrough in creating a machine that police can use to detect high drivers.
Researchers find that, at least in rats, when they shine a laser light on a region of the brain associated with impulse control and decision-making, they can turn cocaine-seeking behavior off or on.
Sweden's Youth Care Foundation declares World of Warcraft the most dangerous game in the world. Every case of game addiction it has worked on has involved WoW, it says.
Harry Debes gives buyers perhaps the best reason to leave it and its proprietary offerings behind: the cocaine analogy.
Scientists at the University of Missouri are using computational models to show how the brain's synaptic mechanisms react to cocaine, which could help shape effective treatment.
Just when you thought society was on the upswing, you can pretend to be a coke dealer on the Nintendo DS.


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"Focused, streamlined wine, with raspberry, cassis, violet and mineral flavors. Long finish. Remarkably racy, considering the dense, ripe fruit, so this should flesh out. Cabernet Sauvignon, Malbec and Merlot. Drink now through 2005."-Wine Spectator
Quimera is the search for the impossible: a perfect wine. It is a blended wine, based on Malbec, Cabernet Sauvignon, Merlot and Cabernet Franc. Malbec is given a predominant role to create a true " Mendoza , Argentina " identity. We source the grapes from estate vineyards and long-term leased vineyards, selected for the age of their plants, and the excellency of their terroir. The goal in each vineyard is not a stand-alone varietal, but rather a component of a blend. Quimera has been thought as a chef thinks a great dish. In this way, when the creative side of the winemaker is set free, the whole is greater than the sum of the parts. The ideal never is achieved. But the road is worth traveling.
Founded in 1998, Achaval-Ferrer is a team of friends who dream about great wines. Achaval-Ferrer is also a collection of old vineyards in beautiful places. They are committed to the production of wines that are expressive of their terroir. They are a small winery because this is the key to top quality. Low yields allow the vineyards to express their personality in the grapes. ...Read More About Achaval-Ferrer
(ahr-jen-TEE-nah) Now fifth in the world for wine production, Argentina is catching up in the quality wine sector. A long time wine producer, Argentina used to make wine in order to drink it, not export it. And so the wines produced were quaffable and rustic and made for the local's everyday dinner. Yet it's hard not to get caught up in the wine market of the world and some...Read More About Argentina
Bordeaux Blends The Fab Five With so much history under its belt, it's no wonder that Bordeaux has figured out the recipe to produce amazing wines. Centuries of making (and drinking) wine led to the blend that has become synonomous with Bordeaux. Winemakers in the New World replicate this formula to create successful blends in their respective regions - you may see Bordeaux blends...Read More About Bordeaux Red Blends
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An empty field at One Loudoun, the potential future site of Loudoun County stadium. - Times-Mirror Photo/Beverly Denny
Dr. Gerald Rubin, the vice president and executive director of Howard Hughes Medical Institute's Janelia Farm Research Campus in Ashburn, was the keynote speaker at Tuesday's leadership luncheon hosted by the Loudoun County Chamber of Commerce. Time-Mirror Photo/Rick Wasser
Dave Wakeling, lead singer of The English Beat, will take the Tally Ho Theatre stage on Thursday, Sept. 18. Courtesy Photo
Danny McGrath is filing a grievance after being fired as head coach of the Loudoun Valley High School football team. Times-Mirror/Rick Wasser
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Southwest Florida school leaders say the National Rifle Association's suggestion that all schools districts arm at least one of its personnel inside every school will not increase security.
During a news conference Tuesday, Asa Hutchinson, director of the gun lobby's National School Shield program, outlined proposals to train, and arm school personnel, asked states to change laws to allow firearms inside schools, and introduced an online program to help schools build security plans under its guidance.
"The key is reducing that response time," Hutchinson said.
The organization said it would provide a model program, including 40-60 hours of training at a cost of $800-$1000 per trainee that districts could follow.
"Teachers should teach," Hutchinson said, "but if there is a personnel that has good experience, that has an interest in it and is willing to go through this training of again 40 to 60 hours totally comprehensive, then that is an appropriate resource that a school should be able to utilize."
Lee County School Board member Tom Scott says he is not sure teachers would want to carry weapons.
"It's a much more complicated issue than simply putting a firearm in someone's hand and that will solve the problem," Scott said.
In a statement, Superintendent Dr. Joseph Burke wrote: "The move to arm teachers is a distraction from the real issue of severe funding cuts that have occurred at the federal and state level for school security and safety initiatives. No one is better equipped to protect our students than trained law enforcement personnel."
Some parents say the idea would ease some of their concerns.
"I'm more comfortable with teachers and principals carrying guns than bad guys going into schools without anyone else carrying guns," Mike McCurdy, a father of three children in elementary school, said. "The one thing that we can do is expect that there is some protection afforded to the kids."
The NRA proposed eight recommendations on how schools can protect themselves from gun violence.
"A teacher should not take the role of armed protector," said Lee County Superintendent Dr. Joseph Burke.
We got a similar response from Charlotte County, the district calls it a recipe for "unmitigated disaster."
Collier tells us "it continually looks at safety plans for possible needs or enhancements."
Tonight, we also talked to your congressmen and U.S. senators. Only two out of five answered our question--should teachers be armed?
Congressman Trey Radel says: "Those decisions should be left to local school districts, not the NRA or the federal government."
Congressman Tom Rooney offered a similar response saying: "I'm not sure I agree with arming teachers, but I'm happy to listen."
Others are not so clear...
Senator Bill Nelson referred the issue through a speech he presented earlier this year on gun control.
Bottom line--he says gun control should be in moderation and made by common sense.
In the end, local school districts and law enforcement will determine if teachers can carry in school.
The Lee, Charlotte and Collier school districts all have armed school resource officers working inside their schools.


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After the famous singer brought a lawsuit accusing a Palm app of trademark infringement, the two parties come to an agreement.
In an attempt to clean up the right-click menu in Word 2013 and WordMail for Outlook 2013, Microsoft removed the AutoCorrect submenu and other options. You can add spell-check to the Quick Access toolbar, but it's faster simply to press F7.
HP's Palm WebOS platform enjoyed an app that guessed a man's, er, manliness based on shoe size. '50s pop star Chubby Checker was so amused he's suing HP.
Japan's Horiba is showing off a rice bucket that holds a radiation detector. It also works with soil, so it's perfect for gardening.
A University of New Mexico engineering team unveils the Lobo del Sol solar car just in time for the Formula Sun Grand Prix at Indianapolis Motor Speedway.
Entering information in text fields should be smooth and fast, with no pauses or delays of any kind. Despite this, some background tasks if corrupt or otherwise malfunctioning may interfere with typing.
Fujitsu's latest 15.4-inch laptop features a colorful checkerboard pattern on its lid.
Barring any mistakes, game of checkers will always end in a draw
A group of computer scientists say they've managed to crack the "code" of the checkers board game so that a computer program can win or draw against any opponent.


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I've been with Firefly for a number of years, I recently left my position at The Firefly Community to pursue other dreams but to be clear how much I was involved before I address the statements made, I was a teacher, Priestess, member of the Inner Circle of the Council of Elders, Course Contributor, Clergy, Delegate and Divination reader so I was quite involved with Firefly on many levels.
I am offended by your statement that Firefly is cultish. Given my involvement as listed above I can safely say that Firefly members are not cultish in behaviour nor is Firefly cultish in of itself. I am no longer involved with Firefly in any strong capacity other than that of a student so I can also safely say this is not coming from a blind faith position. I will be the first to admit that part of the reason I left Firefly was because I did not agree with some of the changes Lady Iris intended to make, that being said, I don't support the idea that abuse should be turned into a political statement.
I don't know Sean and I am not close to Lady Iris (I live in a different country) and have not commented on the situation with her marriage but some of his behaviours are reprehensible. If a President did this he would be impeached and booted so I fail to see why it should be ignored and relegated to 'personal marital issues' when behaviour like this is indicative of larger psychological issues. If Sean Bennett is allowed to use and abuse women in this fashion, eventually he would work his way through the single ladies in the OHF and what would you be left with?
I for one have been pondering this question. Iris did highlight a valuable point - how are checks and balances established to prevent potential abuse and to air concerns. These are hard lessons that groups need to learn.
Without denying people their agency, how do you set up a system that will prevent abuse by other members? How far does a group go to ensure the mental and emotional safety of the adult members?
For example, I know with my disability (brain injury), I would deeply resent being told that the group is looking out for my best interests. It would seem to be paternalistic on the group's part to assume that I cannot fend for myself. But because of my disability, I can be easy prey for a con-artist. How do you solve a dilemma like that? Can this be encoded or is this sort of thing too nebulous to pin down?
I have a traumatic brain injury.
That being said, I got caught in the cross-fire in the Firefly Campaign, since I did not get with the program - i.e. Firemoon was abused by a sexual predator, who for the sake of the community had to be removed. I was shocked at how this mantra was repeated over and over everywhere it could be. I was shocked at how the Firefly folks did not identify themselves as they sought to achieve their goals. It left a poor taste about Firefly in my mouth since I started to regard them as "cultish", incapable of independent thought or discussion. Also it disturbed me how the Firefly folks who had nothing to do with DC, carried water in the campaign as well.
Since I had lot of free time, I researched the consistent posters and everything I could find, and an disturbing picture arose. The one you described of a one-sided campaign to achieve a stated end, without proper identification or perspective.
As for the brain injury - I got raked over the coals for making light of the issue from an avowed healer, who thought my injury was a ruse. That scared me into thinking that perhaps my impression of the "cultishness" of the Firefly group was true. (I know cult is a loaded word, but I cannot think of the word that would indicate a group of people, emotionally inflamed with one mission in mind, and not allowing any dissent.)
I am so sorry that we have not met yet since it so obvious from your comments that you are a close personal friend of Iris's and know all there is to know about the situation from a front row seat. I mean, after all, one who has seen a woman four months pregnant, losing weight and physically appearing to not be pregnant would of course understand the emotional, and yes, physical stress she was under. But of course, since you were there I don't need to remind you of that. So lets move on to the rest of the story, you know where her husband chose to have unprotected sex with someone else, who I am sure was a complete virgin and posed no risk to mother or child, and then husband went home to engage in carnal activities with his wife, confident that his unborn child was never at risk. Yes, I am sure that all of your female students understand why you are firmly in the husband's court. After all, it's always the woman's fault when marriages go bad. Or at least that is what I seem to glean from your article. Yes, I am Firefly, and I was one of the one's chosen to help this woman after she was victimized by this predator who seems to have persuaded the pagan community that it is acceptable to treat not one, not two but at last count four woman as though they were simply a means to his end. And BTW I know she attempted to alert the community to her situation and apparently no one felt it worth even a cursory investigation. Oh yes, one more example of us not wanting to rock any one's boat. I will tell you that in response to her story, several other pagan women have come forward with similar stories of abuse reported to the male members of a community met with similar disdain and an obvious desire to hide this type of behavior. Do I believe it happened this time, yes; do I believe that this community is willing, no matter the cost, to hide this type of behavior, yes. No one wants to call attention to the pagan community because we already have an undeserved stigma. But that does not mean we should allow behavior none of us condone simply because we are afraid of controversy. If one of us needs be sanctioned, then we either stand and sanction or accept the stigma so many would place upon us. We need to "police" our own. When four and probably five women come forth and tell the same story of predatory behavior against women we either act or fold the tents and go home. So I suggest you talk to all of them before you post any more pontifications. I also realize you can never post this but we both know you will have read it.
Hello Katrina,
Although we know one another, mostly online but also when we met at Sacred Harvest Festival, for your readers let me note that I'm the Managing Editor of PNC-News and the Co-Editor of PNC-Minnesota. I was the primary author of the PNC-News statement that you are writing about.
The persons who contacted me asking when PNC would cover this were not Firefly members. Most were not local to DC, but were Pagans and polytheists in other parts of the country who had donated to the Pagan community center in DC and naturally had an interest in it. Why would they contact me? Because I'm the Managing Editor and people often contact me to ask if PNC is covering a story or to request that we cover a story. That's how we get many of our articles - through our readers.
As for why PNC-News put two different situations in one statement, it's because they are related in nature and both needed to be addressed promptly.
If anyone has any questions, we encourage them to contact us and ask them.
Thank you for this perspective. I very much appreciate the voice of the elders as I struggle with my own (not-voiced) feelings about this situation and its outcome.


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They called Kevin Garnett and Paul Pierce dinosaurs in the first round. On Monday, Dwyane Wade took the gag a step further.
For the Heats star shooting guard, Garnett and Pierce apparently have risen from the grave.
On the eve of the second round on Monday, Wade joked that he didnt think he would ever be seeing former Boston Celtics Pierce and Garnett again in the postseason.
But here they are, reanimated stars playing for a reanimated franchise all funded by one Dr. Frankenstein of an owner. The Heat and Brooklyn Nets begin their second-round series on Tuesday at AmericanAirlines Arena.
Mikhail Prokhorov, the Russian billionaire who moved the Nets from New Jersey to Brooklyn, has spent $180 million an NBA record in salary and luxury tax this season to bring together a team deep enough and experienced enough to challenge the Heat.
At the center of his creation are Pierce and Garnett, familiar villains in Miami.
The Nets defeated the Toronto Raptors in seven games to advance to the second round. At the beginning of that series, one Toronto tabloid called the first-round matchup Raptors vs. Dinosaurs. Wade went with the undead allusion.
We thought when we played them in Boston, we thought we buried them, Wade said.
Wade, LeBron James and Chris Bosh knocked Pierce and Garnetts Celtics out of the playoffs in 2011 and 2012. The following season, the Heat stole away Ray Allen. The year after that, former Celtics coach Doc Rivers bailed out of Boston as well.
Wade, James and Bosh joined forces, in part, to topple the Celtics dynasty. They did that. Now the roles are reversed, and Pierce and Garnett are with a team full of talent whose main goal always has been to unseat the Heat.
When we first started this thing, they were the big bullies on the block, and we had to come in and try to impose our will, Wade said of those old Celtics team, and it took us a while to get there, but I think eventually we did.
Wade joked about burying Pierce and Garnett, but the Heat, of course, isnt a team of youngsters either. In fact, the defending back-to-back champions have an older average age than the Nets.
At 30.6 years old, the Heat and Dallas Mavericks were the oldest teams in the NBA this season, according to basketball-reference.com. The Nets were third oldest at an even 30.0.
And then theres this: Both Wade and Garnett missed the same number of games this season (28).
Wade has played Pierce and Garnett three times in the playoffs, and this will be James fifth time in seven years to square off against Pierce in the postseason. James lost to Pierce and Boston twice before joining Wade in Miami.
Overall, James postseason record against Pierce is 13-12. Mismatches and strategy likely will be a focal point as this series progresses, but James said he has played Pierces teams enough in the postseason to know its not about Xs and Os.
Its just about getting out there and playing as hard as you can defensively and making timely adjustments and winning, James said.
Those are things the Heat failed to do this season against the Nets. Brooklyn swept the Heat 4-0 in the regular season and also defeated the Heat twice in the preseason.
In the four regular-season losses, the Heat averaged 15 turnovers with James committing 17 overall. Limiting turnovers was a point of emphasis in the first round. The Heat averaged 10.5 giveaways per game against the Bobcats.
Of course, that was a long time ago.
We havent played since last Monday, but weve been in that gym every day, James said. But I think its fun to feel like youre back a part of the playoffs.
The Heats seven-day break between playoff series was spent conditioning and battling against one another as if it were preseason-training camp.
Last season, the Heat had a long break after sweeping the Milwaukee Bucks and then lost to the Chicago Bulls in Game 1 of the second round.
For Bosh, the long layoff was more difficult to overcome mentally than anything else.
[Against Chicago], we just kind of came into the game and just started playing. We werent really into it early, and they caught us on our home floor, Bosh said. [Tuesday] were really going to have to get ourselves pumped up from the jump and have to play our style of basketball.
Especially against these guys. Theyre going to want to play at their pace. They want to slow the ball down and really execute on the offensive end and really flatten you out on the defensive end. We have to make sure were moving the ball early and just come in with a really, really great sense of urgency and energy.
A longstanding feud with Pierce and Garnett might be just the thing to kick start the Heat back into playoff mode.
They beat us four times, and I dont care if its by one point, Wade said, emphasizing the close losses to the Nets this season. At the end of the day its about getting wins, and they figured out a way to beat us four times, so we got to crack that code.


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Marcus du Sautoy's Five Shapes Available now
There are currently 5 available episodes
The Blob
From globular cartoon characters to curvy cars, the blob has always been around.
First broadcast: 23 Sep 2005
The Bagel
The bagel is not just a good shape for baking. It's also good for office complexes.
First broadcast: 22 Sep 2005
The Sphere
The sphere's perfect form is the most economical shape for containing matter.
First broadcast: 21 Sep 2005
The Pyramid
The Pyramid: a classic shape to bury Pharoahs and an influence on modern designers.
First broadcast: 20 Sep 2005
The Cube
Why isn't the cube form used more often? And what does it look like in four dimensions?
First broadcast: 19 Sep 2005


text:
Servings: 6 servings
Prep Time: 5 min
Difficulty: Easy
1/3 cup slivered almonds
1 cup finely diced celery
3 1/2 cup diced chicken
1 teaspoon salt
2 tablespoon lemon juice
1/2 cup mayonnaise
Combine lemon juice, mayo, and salt and blend well. Toss with chicken and celery and almonds. Serve on bread or crisp lettuce.
Recipe Courtesy Paula Deen
i have had this recipe for a few years & its the only chicken salad we make now!we have even made this for our sons graduation open house.it was a huge hit.we love it best with grilled chicken,but any way is great!!!
By jennifer j on May 22, 2013
I'm not much of a cook, but the whole family liked this recipe. Was really easy and really tasty! Switched regular salt with garlic salt.
By Jennie on January 16, 2012
Love this with a little garlic salt, honey and grapes. Best flavor is with roasted chicken. YUM YUM
By mama newton on November 13, 2011
Absolutely love this recipe! Started to enjoy cooking again after my husband and I became empty nesters! He loves this lighter meal served with some warm crescent rolls. He requests it be on our regular menu and asked that I bring it to our company party this year. Love to WOW him with great dishes from Mrs. Deen!
By Rebecca on February 02, 2011
I can't eat egg so we substitute sour cream for the mayo. Love this recipe, easy to make and tastes great.
By Anonymous on November 14, 2010
By Anonymous on May 26, 2010
Love this recipe. I too serve on mini croissants and everyone raves.
By Anonymous on January 17, 2010
I love this recipe. I used if for my daughters baby shower with mini croissants and it was fabulous!
By sarasnid on August 07, 2009
I used this recipe for my daughters baby shower with mini croissants. Fabulous! I am making it again for another shower coming up.
By sarasnid on August 07, 2009
My Recipe Box | Log in to view
Join the Deen Family for a Book Signing at The Lady & Sons from 10 am to 12 pm.
The event is free; 350 wristbands to be distributed starting at 9 am.
Come see Paula's live show at the Atlanta Symphony Hall in Atlanta, GA and get a heaping helping of Paula's recipes, and some good old-fashioned fun and laughter!
Tickets available from TicketMaster here.
Sponsored by Springer Mountain Farms.
Due to a scheduling conflict, the Paula Deen Live! show at the Woodruff Arts Center in Atlanta scheduled for Tuesday, August 26th, has been moved to Sunday, November 16th at 6:00 pm ET. Tickets will still be valid for this rescheduled show. Alternatively a full refund is available from point of purchase. In addition, all current ticket holders will receive a Paula Deen Network tote bag.
Paula has to be in Savannah on August 26th to film a show for her new network, The Paula Deen Network. She is thrilled to visit Atlanta during the holiday season and has extra surprises planned for the November 16th show.
Join the Deen Family for a Book Signing at The Lady & Sons from 10 am to 12 pm.
The event is free; 350 wristbands to be distributed starting at 9 am.
Blood Drive details TBA


text:
In this photo taken Aug. 19, 2007 soccer fans show German Nazi flag with a swastika during an Ukrainian League Championship soccer match between Dynamo Kyiv and Karpaty in Kiev, Ukraine. Kiev and Warsaw on Tuesday May 29, 2012 decried a BBC report that portrayed Ukrainian and Polish soccer fans as racist ahead of next month's European championship as unfair, vowing that all foreign guests would be safe to attend matches in the two Eastern European countries.
© (AP Photo/Ukrinform)
Ukrainian police have no information on planned racist provocations during Euro 2012
Daily Mirror: 'Don't go to Euro 2012' player Sol Campbell warns fans
The Independent: Chamberlain: Racism means I'll miss my son in Ukraine
Daily Telegraph: Instant action to be taken if England's players suffer racist abuse in Ukraine
Washington Post: Racism, anti-Semitism concerns linger in Poland, Ukraine as Euro 2012 nears
Russia and former Soviet Union
The Moscow Times: Khodorkovsky declares sudden political comeback
The Moscow Times: 20 percent of Russia's oil production is at stake due to sanctions
Cosmopolitan: Seven financial fails that are ruining your credit score
Business Insider: Ukraine is on the brink of total economic collapse
Ukraine Today: Russia backs UN draft resolution to combat terrorists (VIDEO)
Bloomberg Businessweek: Ukraine clashes test truce as Russian oppositon protests
Irish Independent: Ukraine buffer zone deal offers chance to 'feel secure'
I've been traveling to Ukraine quite a bit since 2007. I'm an American born, raised and educated African American. I only add in the African American part here because in reality my medium brown skin is what most in Ukraine Identify with first then comes the American nationality ( which they quickly figure out when they hear me speak English). I would have to say in all honesty that I have not had single time or moment incountered a racially disturbed moment in Ukraine. Yes, there is racism in Ukraine and yes minorities are attacked in Ukraine. But it is not something widely seen in society. The majority of Ukrainians do not harass or bother people. If they harbor racist opinions they generally keep them private and or strictly in the private discussions of those close to them. I have been told by my friends a many of racist things said by Ukrainians in general discussions with my friends in private so yes racism does exist in Ukraine. It is reasonable to think though that anyone can come here, enjoy the country and the millions of Ukrainians that do not have the ignorant attitudes of fascist and racists and not worry or fear for their security. The chances are more than likely you will not have any problems and enjoy the visit. I think if you are a non-Ukrainian (a minority or a person of color) you are more likely to be hassled by a corrupt police officer for before before you are likely to be a victim of racism in Ukraine. Yes, Ukraine needs to aggressively acknowledge and confront the realities of this and prosecute to the full extend of the law those that harrass, cause hurt or harm from racist actions, but I cannot say that it is of epic proportions in Ukraine because that has not been my experience.
Tickets are expensive.
Hotels are expensive.
Getting around is difficult.
People are unfriendly un welcoming and racist towards foreigners.
The police are corrupt and unhelpful to foreigners.
Your loved ones would worry about your safety.
Why bother with unnecessary grieve and worry? Ukraine has little to offer.
My advice is to stay at home and save yourself a fortune. Then take a nice holiday in Greece or Spain when the Euro's are over.
The word "racism" is associated with the man who created it, Leon Trotsky (Bronstein).
"This brief comment completely finishes off not only the old philosophy of the Slavophiles, but also the latest revelations of the "Racists.""
-Leon Trotsky
page 6
"History of the Russian Revolution" 1930
By Leon Trotsky, translated by Max Eastman
Trotsky was Jewish and a mass murderer, he genocided millions. So you've used the word of a mass killer. Is that what describes your morals?
The Real Anti-White Racism was in Jewish Marxism in USSR:
Where that "Racial Equality" Constitution led: To World's worst genocide ever known.
That USSR and its "anti-race discrimination" Consitution, which was the world's first, went on to genocide approximately 60 million people. Rummel cites a large sample of demographers and averages their figures to 62 million deaths as a result of the USSR "race equality" Constitution.
"Lethal Politics: Soviet Genocide and Mass Murder Since 1917"
R. J. Rummel
Solzhenitsyn cites Leningrad professor and Soviet statistician A.I. Kurganov:
"According to the estimates of the emigre Professor of statistics Kurganov, this cost us from the October Revolution up to 1959, a total of...sixty-six million ---66,000.000--lives."
"Gulag archipelago III"
A. Solzhenitsyn
Chapter I
Fingers of the Archipelago
Random House Value Publishing (December 2, 1980)
These are the facts of history, the agenda of Anti-Race Marxism led to the greatest genocide known to mankind, ever.
Jews are afraid of what they did (Lazar Kaganovich was the commander of the Holodomor, and he was a Jew Marxist) in the Holodomor.
It sure is uncomfortable for the Jews (Jew Race) when they killed off 11 million Ukrianians (White Race) in the HOLODOMOR, then try to intimidate and force the Ukrainians to not defend their Race.
Bugging you yet, Goldhaber the Jew?
The fact is - yes there were many people of jewish background in the Stalinist regime, and many of Ukrainian background too, who helped perpetrate the Holodomor. Jews also died in the Holodomor alonside Ukrainians.
Another fact is that from it's very beginnings, many of jewish background participated in opposing this regime as part of the Independence movement of Ukraine - including many of jewish heritage who fought both Nazis and Communists in the Ukrainian Insurgent Army.
Jews did the Holodomor. Marxism was invented by a Jew - Marx.
It is like saying the White man Hitler invented Nazism, which killed also some Whites, but that the White man Hitler was "not responsible" for Nazism.
Well said.
When are we going to start Marxist hunting and pulling 90 year old Marxist Jews out of their beds to make then stand trial for the Holodomor?
Is Ukraine racist or not?
Ukraine is racist against.... Ukrainians!!!
Citing history and the crimes of the past is not an indication of the the attitudes and norms of that nation today. To say that Ukrainians killed Jews in the past is proof that they are racists today is a sign of ignorance and prejudice of the person making that comment.
Is Ukraine racists? There certainly are racists in Ukraine, and some of those attitudes are fairly pronounced and publicly displayed, more so at times maybe than anti-racist messages. The laws that exist in Ukraine against racism are inadequate and poorly enforced, adding to the openness that some people are willing to show their racist ideologies. There is also the lack of multiculturalism, which in turn makes it easier to spot outsiders, and easier to target them (they have less of a voice). This just isn't a problem in Ukraine, but in much of Eastern Europe. With the lack of multiculturalism there is also a lack of education. A majority are ill-informed about 'others' and so rely on pre-conceived ideas and 'protectionism' (keep "others" out of my job, from using my resources, etc), and so may treat with apathy or contempt outsiders.
At the same time, many Ukrainians can be, and are, quite friendly and opened towards others. I have witnessed it many times, and I am hoping that it is witnessed by many who visit Ukraine during the Euro Cup.
I am also hoping that for those who did have the opportunity to visit Ukraine, you don't have to deal with some of the idiots whose comments are below....
President Yanukovych talked to the BBC today on the issue of hooliganism during the Euro 2012 championships. He said the problem in Ukraine was probably "smaller" than in other countries. Nothing to worry about.
"We have a list of people who behaved aggressively at football matches. Their numbers are tiny, they are known to us and preventive measures will be taken, Don't worry our security services have it all under control". :) "We created all the infrastructure for football fans to feel good and for Ukraine to show all its capabilities".
"We are waiting for our guests with great pleasure," What a relief.
We want the Iron curtain back !
We want our Nation Free of the International Communism, Neo-Marxism really, which is forcing a non-White invasion into Ukraine, and genociding the Ukrainians - AGAIN.
We fought the International Communism 1917-1923, and we are fighting it again, now, as they try to take away our Ukraine and our rights to FREE SPEECH.
Race Speech is FREE SPEECH.
Get used to it Jews.
Unlike 1917-1923 Ukraine war for independence against International Communism, our White Race brothers and sisters in the West, in the USA and Canada know about our plight and support us. We will not lose this time.
The mayor of Kyiv is an Israeli Jew. Get out of our countries Jews. Go to your Israel. NOW.
You are a poor circus monkey.
Here, have a banana !
Funny when a banana is thrown at a Black invader to Europe, that he threatens to kill the native White Europeans.
Go back to Africa, Jews and Blacks.
One more banana, little Nazi monkey ?
Ok - uh-uh uh-uh
One more banana, little Jew Marxist monkey ?
Ok - uh-uh uh-uh
Jews killed 11 million Ukrainains in Holodomor. Time to move to Israel.
I wonder if these people waving the swastika and endorsing neo-Nazis are aware that these are the same people, i.e. the Gestapo, the SS, Panzers, etc., who invaded, torched, raped, pillaged and plundered the Ukrainian Homeland while advancing to Moscow? Go visit the Museum of the Great Patriot War in Kyiv. I don't even speak Ukrainian yet this museum horrified me with what the German Nazis did in Ukraine. This is your own parents and grandparents in Ukraine killed by the Nazi's. Why are they now being glorified by Ukrainians??? Seems tremendously narrow-minded in my opinion.
© 1995–2014 Public Media


text:
Inside Wall Street: Genpact expands global reach
The business process management company has meanwhile managed to reduce its dependence on former parent GE.
Now that most of the large-cap stocks have piled up gigantic gains as the market continues to soar to record highs, many investors have started to scout for still undiscovered and underpriced stocks in the small-cap sector that show promising prospects for strong growth.
That means a rotation in buying interest is starting to take hold towards lesser-known stocks that so far have not fully participated in the current robust bull run. A sector rotation usually follows the first part of a major bull market which broadens the extent of the advance.
One notable small-cap stock that has started to attract increasing attention is Genpact (G), a global company engaged in managing business processes, particularly information technology and financial functions, for major companies worldwide. A positive attribute of Genpact is its history as a former division of General Electric (GE), where Genpact provided essential services in managing its various business processes that improved the giant conglomerate's widely varied operations.
GE eventually spun off Genpact, which went public in 2007. By 2012, GE still accounted for 26% of Genpact's total revenues, down from 58% before it became public. And by 2010, GE had reduced its ownership interest in Genpact to 18%, and has steadily cut it down since. Currently, it has slashed its stake to only 5%. In terms of revenues, GE accounted for 26% of Genpact's 2012 total revenues, down from 58.5% in 2007.
You would think that with its close link with GE, Genpact would take advantage and strive to gain more business from its former parent. But not Genpact. It has been cutting back its dependence on GE, reducing the revenue flow from it to diversify its customer base and widen its markets worldwide. It's part of an effort to demonstrate Genpact's strength and independence as it improves its own operations.
"Genpact's GE process legacy should help drive execution and diversification of the client portfolio in this secular growth market, leading to reduced revenue exposure to GE," says Ed Caso, analyst at Wells Fargo Securities, who rates the stock as outperform. The better than expected quarterly results reflected strength across Genpact's business, with the financial services in particular growing nicely at 21%, he notes.
Part of Genpact's continued growth after weaning away from GE is the growing demand for its service from overseas. "The company is continuing to make strong gains, adding to its global client base, as it diversifies away from General Electric," says Dylan Cathers, analyst at S&P Capital IQ.
The analyst, who rates the stock a hold given the stocks sharp rise, notes that despite global economic weakness, Genpact posted revenue growth of 18.8% in 2012. "We think the company will benefit from further growth of global clients and we see particular benefits from the insurance, consumer goods, and retail verticals," says Cathers.
"S&P Capital IQ consensus figures point to revenue growth of 15% in 2013, which we trace to strong demand in both the Business Process Management and IT Outsourcing segments," says Cathers, who raised S&P's 12-month price target to $21 a share from $18.
The stock has climbed to a 52-week high of $19 as of May 22, 2013, way up from its IPO price of $14 in 2007. Other analysts have higher 12-month price targets for the stock.
Joseph D. Foresi of Janney Capital Markets sees the stock climbing to $23 a share, noting that the demand environment for business processing management remains healthy. "Investors will be attracted to the positive characteristics of BPO (business processing services) in the present choppy economic climate," he says, where "Genpact is performing well with future estimates backed by a healthy pipeline, including large deals and improving sales force productivity."
These trends, he adds, should combine to drive organic growth rates higher over time. "Genpact is off to a good start in 2013, reporting results above expectations and reaffirming guidance as the business appears on track," notes Foresi. He forecasts Genpact will post earnings of $1 a share in 2013 on revenues of $2.19 billion, and $1.14 a share in 2014 on sales of $2.49 billion, up from 2012's 96 cents a share on revenues of $1.9 billion.
Part of Genpact's strength stems from the steady rise in the number of its global customers, which increased 21% in the first quarter of 201 compared with the year-ago quarter.
Analyst Manish Hemrajani of Oppenheimer has reiterated his outperform rating on Genpact, following "solid first quarter results and management commentary and guidance," prompting him to raise his price target to $21 from $20. He also upped his earnings estimate to $1.03 a share on a revised projected revenue forecast of $2.18 billion. For 2014, he raised his estimates to $1.20 a share on projected revenues of $2.48 billion.
In sum, as a niche player in a hidden area of business processing operations, Genpact has become an undervalued stock in the still lagging small-cap sector, making it an attractive investment choice in the group.
Gene Marcial wrote the column "Inside Wall Street" for Business Week for 28 years and now writes for MSN Money's Top Stocks. He also wrote the book "Seven Commandments of Stock Investing," published by FT Press.
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Tell It Like It Is
Do We Need Japan's Laws To Control The Silly Season?
Thomas Segel is responsible for this content, which is not edited by the Wilson County News or wilsoncountynews.com.
Tell It Like It Is
February 2, 2011
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1 comment
Harlingen, Texas, January 29, 2011: It is hard to get one's head around the fact that we have become a nation of perpetual political campaigns. They seem to start with a person's birth and end when the last breath is exhaled.
With the final votes counted for last November's election, the public should have seen some relief. But, no, no, no...now the media is telling us who will be running for President in 2012. There are even claims that political ads are already being aired on television, though none have appeared on my screen.
All of this political chatter has me reflecting back to the days when our family lived in Japan. This nation, the size of California, has some of the most restrictive political campaign laws found in any democratic society.
In Japan, candidates for public office are restricted in every aspect of campaigning. Though a political party can advertise its position prior to any election, no individual candidate can run ads in newspapers, or radio or television. Law covers the total number and size of campaign posters. No candidate can have name advertising on banners, caps, T-shirts, pins, badges or any other item that might promote candidacy. No candidate can knock on doors of homes or businesses, nor may they enter people's homes. They may not use the Internet or any social network once a campaign season officially starts...even their supporters cannot mention them on any of the social networks. Thankfully the usual length of the campaign season is only 17 days.
So, how does a candidate get his or her message to the public? In Japan every person running for political office is allowed to have one campaign van. The usual practice is to have it rigged with a powerful public address system with speakers atop the van pointing in every direction. From dawn till dark these vans drive the streets of the country with the PA system at maximum volume and the candidate repeating his or her name and the office being sought over and over again.
The candidate can have an official color. Workers and volunteers can wear shirts and headbands in that color, but no name or message can be printed on those items. The candidate can wear a sash with his or her name printed on it.
When not in that van with loud speakers blaring, the candidates can climb on top of the van and deliver speeches. Most of the time, however, they just keep repeating their names over and over again, along with solicitation of the public vote on Election Day.
When we lived in Japan it was the custom of all candidates to wear white gloves while campaigning. That was thought to be symbolic of a person entering politics with clean hands. That custom has faded away for most of those running for political office today.
Since they are restricted from knocking on doors or entering homes, those seeking office will send volunteers ahead to do the door knocking and ask people to step out of their houses to listen to the candidate.
I sometimes think it would be nice to have a little of the Japanese style campaign brought into our political races. It would stop all our media clutter and put an end to all of those phony campaign promises.
A popular locale for campaigning in Japan is the railroad station. Almost everyone takes the train; making station platforms are an ideal place to find large numbers of people. However, since everyone is in a hurry, no long message is ever offered. It is just the chanting of the candidate's name and vote for me over and over...and over. But, hey...it is only for 17 days.
Semper Fidelis
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Your Opinions and Comments
4 th Generation Texan
Sutherland Springs
February 3, 2011 3:35pm
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I've often thought that the political season, from start to elections, should be strictly controlled and restricted to about a 3 month period. As soon as the 2010 elections ...
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I've often thought that the political season, from start to elections, should be strictly controlled and restricted to about a 3 month period. As soon as the 2010 elections were over, aggressivie politiicians were already out raising, funds, and getting ready for the 2012 elections...that's totally ridiculous. When do elected official have time to do their appointed jobs? Seems like they spend about 90% of their time trying to get re-elected. Either term limitations or, restrictions on time alloted to campaigning should be strictly enforced..
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The federal Medicaid program allowed health care providers to charge a fee of $20 to repair broken eye glasses.
Some eye doctors provide that kind of service for free. Other eye care providers occasionally bill the federal Medicaid program for the $20 repair fee.
But Rev. Harriett Walden turned it into a one-woman industry.
The Seattle optician earned hundreds of thousands of dollars in Medicaid eye glass repair fees over the course of three years - the top biller in the state.
A KING 5 investigation uncovered evidence submitted to the state that raises questions about Rev. Walden's business and why she was allowed to continue questionable billing at taxpayer expense.
The Walden case also raises questions at the state's specialized Medicaid Fraud Control Unit that investigates and prosecutes health care providers who cheat the program that's supposed to provide medical care to low-income citizens.
The Walden case was closed last year, but last week the state filed a lawsuit against her to recoup hundreds of thousands of dollars in Medicaid money.
One day, many clients
On June 21, 2009, Rev. Walden seemed to do the impossible. Billing data obtained by the KING 5 Investigators shows Rev. Walden billed Medicaid for repairing eyeglasses on 91 different clients. What's more, records show that these clients were seen in ten different Washington cities on that day – including Spokane.
"That's impossible," says Lee Haldorsen, a licensed optician and the owner of Market Optical in Seattle. "No optician I know has ever billed anywhere near those figures, not a tenth of those figures, in all the time I've been in this business, which is 28 years," he said.
Haldorsen describes opticians as the "pharmacists" of the eye industry. They check prescriptions written by eye doctors, fit frames and patients and repair eye glasses.
Rev. Harriett Walden is a familiar face in Seattle. She's the head of Mothers for Police Accountability, which helped push for many of the reforms that are now underway in the Seattle Police Department.
Troubling audit
Long before that 91-client day in 2009, the state had eye-opening information about Rev. Walden's eye care business.
In a 2006 audit, the state Department of Social and Health Services found that Walden supplied "insufficient documentation" in support of her Medicaid billings. The audit determined that Rev. Walden had been paid for repairing eyeglasses on thousands of patients, whom she couldn't prove she had actually serviced.
The audit determined that Rev. Walden's conduct was not a case of fraud, but it ordered her to pay the money back – about $320,000 in all, plus interest.
Rev. Walden responds
"It was nothing criminal," Rev. Walden told the KING 5 Investigators by phone. She says her problems were "paperwork errors" and that she was entitled to all the money she received from Medicaid.
Rev. Walden declined to be interviewed on-camera, but said the state tried to "run me out of business" with the 2006 audit. She said state investigators didn't appreciate the type of work she did.
Walden explained that she billed a high number of repair fees because she was a mobile optician who visited nursing homes in Western Washington. She says her elderly clients couldn't visit the optical store, so she brought her services to them. Many clients couldn't fix their own broken glasses, so Walden fixed them for them – each for a $20 fee to Medicaid.
Billing problems persist
Rev. Walden kept her optician's license after the 2006 audit and kept billing Medicaid for about $100,000 per year, most of it for eye glass repairs, until state investigators checked up on her again in 2009.
Through public records requests, the KING 5 Investigators obtained an investigator's hand-written notes that said Walden "Bills high no. of clients per day."
The documents show that Walden was following the same billing patterns uncovered in the 2006 audit. For example, she was billing eye glass repairs for the same clients every month of the year.
Haldorsen, the Seattle optician, calls that a red flag.
"Nobody has glasses issues like that," said Haldorsen. "I care for disabled patients who don't have glasses issues every month."
Medicaid Fraud Control Unit
Unlike the 2006 audit, by 2009 state regulators did suspect fraud.
They sent the case to Washington's Medicaid Fraud Control Unit (MFCU), part of the Attorney General's Office.
"No question this is a huge dollar case. It's very alarming," said Brian Moran, the Chief Criminal prosecutor for the Attorney General's Office.
Moran says investigators ran into problems. Elderly witnesses couldn't remember important details, or even remember Rev. Walden herself.
Investigators say they needed witness testimony to meet the high standard of proof in a criminal case.
"We didn't have the evidence in this case and I'll stand by that," said Moran. "That's the right decision. Is it possible there was fraudulent behavior? Absolutely. Was it provable? Absolutely not," he said.
After a year and a half of investigation, MCFU declined to criminally charge Rev. Walden.
Most cases not prosecuted
Records examined by the KING 5 Investigators show increasing numbers of MFCU cases are ending up like Rev. Walden's – unprosecuted.
The number of investigations opened by Washington state's MFCU has grown by 300% in the last ten years.
Conversely, the number of prosecutions has stayed steady – about two dozen each year.
So there are more cases, but a much lower percentage of fraud suspects facing criminal charges.
"We have the same number of employees," said Moran. "You can't lose sight of the fact that our state general fund has taken an extraordinary hit. We have about half of what we did. So we have the same number of employees, more cases coming in the door and the complexity of these cases hasn't gotten any easier. The dollar amounts are bigger."
Action against Rev. Walden
In the face of potential disciplinary action by the State Department of Health, Rev. Walden did eventually surrender her optician's license.
But she hasn't paid back any of the money that she was ordered to return in 2006.
This week, two days before KING 5 aired this story, the Attorney General's Office filed a lawsuit against Walden seeking to recoup the almost $600,000 she owes including interest.
The Medicaid money is supposed to help the poorest among us.
"I can't think anyone who isn't happy we do this kind of thing for people who qualify," says Haldorsen.
"But then to abuse it to this point…. It's just sick. It's vulgar and it's wrong."
New tools for the AG
Last year, Washington lawmakers gave the MFCU a boost.
The Legislature passed a state "False Claims Act." This encourages insiders and whistleblowers to come forward to report Medicaid fraud. If they trigger a successful prosecution the whistleblower gets a share of any money recovered.
It also allows Washington state to participate in more national Medicaid fraud investigations.
Lawmakers gave the MFCU funding to hire several new lawyers and investigators, the first growth of the office in years.


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- Luke Hutchison
- Palo Alto, CA
- United States
TED Fellow,
This conversation is closed.
Is capitalism sustainable?
Bono stated in his TED2013 talk that the numbers show that we can eradicate all poverty worldwide by 2030. While I really hope that is true, it begs the question: Is capitalism sustainable? Is it possible to have a rich and middle class without a poor class? The sad reality of capitalism is that if there is an exponentially small number of people with exponentially large wealth, there has to be an exponentially long tail of much poorer people who are each contributing to that wealth. Not that we necessarily need an exponentially small number of people with exponentially large wealth, but would the world keep running without capitalistic incentives that increase the separation between rich and poor? Can we eradicate all poverty without the rich sharing their riches? What happens to civilization when nobody is willing to work in the factories and orchards, or build roads?
(Please don't take this question the wrong way! Personally I wish that nobody had to work menial jobs. I just don't understand how we can eradicate poverty when so many jobs will always translate into low-paid labor.)
Showing single comment thread. View the full conversation.
Mar 5 2013: We could possibly eradicate poverty but that doesn't mean there won't be a lower, middle and upper class. Capitalistic incentives and self interests will most likely always result in some people having more than others. We could increase the velocity of poverty being eradicated if society used the same principles of capitalistic incentives and self interests with social causes as it does wealth creation. What if people could concentrate on eradicating poverty, even dedicate their lives to it, and know they and their family will have security in the future because of it? That would create an environment that allows different new ideas and more involvement to accomplish that goal much quicker.
Thanks for reading and your feedback.
Showing single comment thread. View the full conversation.


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My love affair with "Classic Rock" ended about 10 years ago. There's only so many times that I can hear dad-rock like Led Floyd, Pink Zeppelin, The Rolling Who Beatles, and the like before I just flat-out tune out.
What was once nostalgic had become nauseating.
Nothing against the music itself, mind you. I loved those "Classic Rock" songs of the 60s and 70s as much as the next guy. They have massive hooks, solid musicianship and all the other key ingredients of a hit. I just got burnt out on them.
With that being said, there has been a rush of new bands that embrace the sounds and production values of bygone days and use them to create something altogether new.
If you love classic rock, but wish it came out with new songs, check out:
1. Purson
According to Wikipedia, Purson is some kinda Demon-King. Then again, according to Wikipedia, I'm the Archduke of Suckitstan, so you know, take it with a grain of salt.
Purson (the band, not the demon) comes from England with a sound that takes the vibe of 60s psychedelic rock and mixes it with some occult stuff. If you appreciate strong female lead vocalists like Grace Slick and Flo from Florence and the Machine, Purson's Rosie Cunningham should be your cup of tea too. (Get it? Tea? Cuz she's English?)
Purson's "The Circle and the Blue Door" is a perfect album for a chill summer listen.
2. Hexvessel
It takes a hell of a band to make Yoko Ono listenable, but I'll be damned if Hexvessel doesn't pull it off with flying colors. Featuring Purson's Rosie Cunningham taking on the bulk of the vocals, Hexvessel's cover of "Woman of Salem" is full of win.
The rest of Hexvessl's stuff is pretty chill too. You'll find "Woman of Salem" on their recent "Iron Marsh" EP. The rest of their catalog is worth the download.
3. Ghost B.C.
Take Blue Oyster Cult, add a heaping helping of Satan, and you've got Ghost (or Ghost B.C. as the lawyers would prefer).
Yes, they really dress like that when they play live. They never reveal their identities to the media. Their new album "Infestissumam" is full of win. Check out their first album too. It isn't quite as polished as "Infestissuman", but it's worth a listen if you dig Ghost B.C.'s sound.
4. Scorpion Child
Hailing from Austin, TX, Scorpion Child gets into the louder, arena-rocking side of Classic Rock. If you dig it live, loud and full of swagger, pick up their self-titled debut album now and crank dat ish all summer long.
* In addition to being sick of dad-rock, "Scary" Terry Stevens is the host of Scary Terry's Saturday Nightmare, a 3 hour metal show heard every Saturday from 9 to Midnight CST on Rock 94.7/102.9 in Central Wisconsin, online at www.rock947.com/listen-live and on your smartphone or tablet when you download the Rock 94.7 app.


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HOME > Rock My RV
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Bret Michaels to host Travel Channel's new 'Rock My RV'
Bret Michaels has signed on as the host of Travel Channel's new Rock My RV series. Full Story
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Apple Inc.designs, manufactures, and markets personal computers, portable digital music players, and mobile communication devices and sells a variety of related software, services, peripherals, and networking solutions. The Company sells its products worldwide through its online stores, its retail stores, its direct sales force, and third-party wholesalers, – more... resellers, and value-added resellers. In addition, the Company sells a variety of third-party Macintosh (Mac), iPod and iPhone compatible products, including application software, printers, storage devices, speakers, headphones, and various other accessories and peripherals through its online and retail stores, , and digital content through the iTunes Store. It sells to consumer, small and mid-sized business (SMB), education, enterprise, government, and creative customers.
(Source: 10-K) – less


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I'm not sure what is the answer for casting of Nikia?
As Alexandra noted, different acts of La Bayadere are almost like separate ideas, and not unison in style. Being so different, they are definitely requiring different skills from it's dancers.
According to the "laws" of emploi, where would Nikia belong?
(Kirov i.e.. had both Vishneva and Zacharova in the role. They are not similar dancers and usually they are not casted in same roles, as far as I can tell?)
What would be "ideal" emploi for Nikia?
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Here's our guide to meeting the person behind the profile pic on Tinder.


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MSF frequently publishes updates, press releases, and other forms of communication about its work in roughly 70 countries around the world. See the list below for the most recent updates or search by location, topic, or year.
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In Guatemala, drug trafficking, gang violence, and a climate of impunity lead to widespread rape of women. At least 10,000 women were victims of sexual violence last year.More >