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Australian shares shot higher after equity markets in the United States pushed to fresh record highs. The market maintained momentum despite disappointing data that showed Australia posted a trade deficit when a small surplus had been expected.
The benchmark S&P/ASX 200 Index rose 1.48 per cent to 5455.4, while the broader All Ordinaries Index lifted 1.40 per cent to 5441.7.
Local shares rallied when the market opened following Wall Street, where the S&P 500 and the Dow Jones Industrial Average added 0.7 per cent and 0.8 per cent respectively to new all-time highs.
The Australian Bureau of Statistics reported the weakest trade balance for 18 months as ore and mineral exports fell, leaving a deficit of $1.9 billion. The result disappointed against consensus expectations for a $200 million surplus.
"It's not much surprise given what we are seeing in the Australian economy," Dalton Nicol Reid chief investment officer Jamie Nicol said.
Booming global demand for battery-powered cars and portable devices such as smart phones and laptops is tipped to provide a boon for a handful of Australian miners producing the key ingredients of nickel, graphite and vanadium.
Credit Suisse analysts highlighted the opportunities in a note issued to clients on Wednesday, recommending nickel miner Western Areas and egraphite and vanadium miner Syrah Resources. Credit Suisse is also tipping aluminium producer Alumina will benefit from increased demand for the lightweight metal that is favoured in the production of electric cars.
"These companies are already starting to see the benefit of advances in energy storage," said Credit Suisse analyst, Adnan Kucukalic. "Energy storage is a big change that the world is currently undergoing, if we can get it right, there are all sorts of opportunities for investors."
The S&P/ASX 200 Index has closed 1.48 per cent higher to 5455.4 points on Wednesday.
Paladin Energy, Sundance Energy and Transfield Services outperformed; Lynas Corp, Goodman Fielder and Resolute Mining rounded out the bottom of the benchmark.
Winners and losers on the ASX 200
This from columnist Phil Baker on the market's fascination with milestones:
"Brace yourselves, investors. Get ready for a dose of "roundaphilia" – the fascination with round numbers and sharemarkets.
But before you get too carried away with 17,000 for the Dow Jones and 2000 for the S&P 500 – both now within spitting distance – let's remember the call of 36,000 for the Dow.
That was made in September 1999 through a book that has become a symbol for not just the blue chip index but for all sharemarket bubbles and all the bull's that live on Wall Street.
Dow 36,000 was written by James K Glassman and Kevin Hassett and encouraged investors to buy shares for the long term and just hang on for the ride because eventually it would work out fine.
At the time the Dow Jones was just over 10,000. The next decade ended up being a lost one for US investors as the tech wreck, 9/11, accounting scandals and the financial crisis combined to send the book – and the theory – to the rubbish bin."
The Australian Securities and Investment Commission has sensationally intervened in Woolworths $2.2 billion takeover of David Jones and $213 million mop up offer for Country Road, demanding an independent experts valuation of the collateral benefit that it believes it will flow to rag-trader Solomon Lew.
David Jones is arguing against the need for an independent valuation and is proposing instead a letter of comfort from independent expert Grant Samuel. saying that the offer for Country Road does not change the value of the David Jones offer.
The legal battle, which emerged in the Federal Court in Sydney on Wednesday, threatens to further delay a crucial shareholder meeting on July 14. The meeting has already been delayed for two weeks.
It was revealed in court that David Jones has asked Solomon Lew not to vote his 9.9 per cent stake in the department store chain at the scheme meeting to approve the deal, but has received no response.
The lure of staying up late to watch the World Cup has hurt gambling revenue in Macau, as the amount lost by casino punters in June fell for the first time in five years.
Gross gaming revenue in the Chinese gambling hub fell 3.7 per cent compared with June last year, to 27 billion patacas ($3.6 billion), as punters eschewed gaming tables in favour of the football broadcasts.
Shocker: Josip Drmic had a glorious chance to knock Argentina out of the World Cup. Photo: Getty Images
Four months ago, when British finance minister George Osborne made a trip to Singapore, the pretext was to promote a collaborative development of Singapore and London as offshore yuan trading hubs.
But Mr Osborne could have picked up some other useful intelligence en route. If there is one country that has seen a UK-style bubble develop in its property market, it is Singapore.
Over the past four years, the Asian city state has implemented more than a dozen measures to cool its housing market and stem a growing tide of protest from locals that rich foreigners are making home ownership unaffordable.
If this sounds like an echo of popular sentiment in London, that is because these are very similar economies. A big financial services industry, paying generous wages, sustains demand for high-end housing. That, in turn, pulls up prices further down the price scale, a dynamic accentuated by the availability of mortgage finance at record low rates. Both cities are also regional hubs for wealthy foreigners, with solid legal systems and relatively open borders attracting property investment from Chinese, Russian and Middle Eastern millionaires.
The scandal engulfing the Commonwealth Bank's financial planning arm highlights the risk that Australian banks may be forced to hold billions more in funds to deal with internal failures, new research says.
After last week's call for a royal commission into severe misconduct by Commonwealth Bank financial planners, Credit Suisse analysts Jarrod Martin and James Ellis say the big banks could face pressure to set aside more capital to handle ''operational risk''.
In a note to investors, the analysts say Australian banks are holding less capital than global lenders to cover this type of risk, which includes costs from failed internal processes and legal battles.
Asian stocks are at a six-year high in trading this afternoon.
The MSCI Asia Pacific Index rose 0.7 percent by 12:13 p.m. in Tokyo, trading at the highest level since June 10, 2008, Bloomberg reports.
S&P 500 Index futures are up 0.1 percent.
A reminder from Portugal that when things go badly for banks the market reacts swiftly and brutally. Securities regulators in Portugal and Britain temporarily banned short-selling in Banco Espírito Santo after the Portuguese lender's stock fell more than 16 percent on Monday on fears about its corporate parent.
The Financial Conduct Authority of Britain followed suit on Tuesday.
An audit in May by the Bank of Portugal found that Espírito Santo International, the parent company of Banco Espírito Santo, was in "serious financial condition."
The UK may have delivered a startling PMI overnight but its not all good news in the resurgent British economy.
The Markit/CIPS manufacturing purchasing managers index rose to 57.5 in May, and ahead of forecasts for a 56.8 result.
The Guardian reports lingerie chain La Senza's UK franchise is headed for administration after failing to find a buyer. It's the second time in two and half years it has called in administrators.
The country's peak body representing financial planners has taken a stand on the Commonwealth Bank, saying it will support a royal commission into the bank unless the bank agrees to form an independent committee to oversee a "full and fair" compensation process to customers affected in the financial planning scandal.
In a letter obtained by Fairfax Media to its members, the Financial Planning Association's chairman Matthew Rowe says: "Like many of you, I am appalled at the damage done to many customers of the Commonwealth Bank Financial Planning business as well as the actions of some in CBA Management."
The letter comes as the financial industry is reeling over the findings of a senate report into the CBA financial planning scandal and ASIC's performance.
It may have been out of favour for a while now, but Mesoblast is in privileged company with its agent for congestive heart failure ranked as one of the most valuable R&D projects worldwide in the biotech space.
A global comparison by biotech industry outfit EvaluatePharma reckons Mesoblast's heart treatment Revascor is worth $US4.3 billion, in terms of its net present value. The agent is in phase three clinical trials, which are being funded by Teva Pharmaceutical.
Not only is Mesoblast the sole Australian company with an agent on the list of top 20, but it is the only one from a 'junior' with all of the others making the list well-known US/EU pharma companies such as Merck, Bristol Myers, Roche and Pfizer. From a novel, overlooked treatment a few years back, the assessment views stem cell therapy, which is at the heart of the Mesoblast research effort, as becoming more mainstream in the biotech space. In afternoon trading, Mesoblast shares were up another 0.7 per cent at $4.70, and extending its rebound following a recent downswing.
A rash of successful debuts from New Zealand companies over the past 12 months has set the stage for a Kiwi invasion of the Australian Stock Exchange a prospect bankers and fund managers are greeting with enthusiasm.
ASX Ltd, the company that operates the local stockmarket, is actively encouraging more companies from around the Asia Pacific region to list in Australia.
Of the 34 initial public offerings, valued at $50 million or more, to hit the local market in the financial year ended June 30, four were New Zealand businesses. All are currently trading above their offer price.
Legal firm Maurice Blackburn lodged documents in the Federal Court on Wednesday to begin a class-action lawsuit against Treasury Wine Estates. The legal action is on behalf of more than 600 shareholders over what the firm claims was a late disclosure of heavy writedowns relating to its United States business in 2013.
The lawsuit is being funded by Bentham IMF.
Maurice Blackburn principal Rebecca Gilsenan filed the class action in the Federal Court in Sydney. The documents don't specify the size of the claim, although it is expected to run into the "tens of millions".
Treasury Wine said in a note to the Australian Securities Exchange that it "strongly denies any and all allegations against it and will vigorously defend the legal proceeding".
CommSec economist Savanth Sebastian's take on the trade data:
"Not only did Australia record a second consecutive trade deficit, but the magnitude of the deficit was certainly a lot worse than expectations. In addition the deficit in April was revised lower...
"Interestingly Australia's trade exports with China surged to a fresh record high, above $100 billion over the year to May and well over a third of our exports now head to China. Mining investment may have flattened, but the boost to the economy from Chinese purchases of our resources is on-going.
"In fact while some fret that the mining boom is over, in the background Australia continues to rack up record trade surpluses with China. The trade surplus with China held near record highs - $51.1 billion in the year to May. Interestingly over a quarter of all our trade is now conducted with China. Our reliance on China is now even greater than when Japanese industrialisation was at its peak."
Australian trade data
Some more analysis of trade data from Westpac economist Andrew Hanlan:
"The detail reveals that exports of metal ores dropped some $760 million - we had expected a fall of $480 million. The ABS included a negative adjustment of $449 million to iron ore export earnings, which we had not anticipated. A $352 million fall in other mineral fuels (which includes LNG) was a surprise, with this series on an upward trend on expanding capacity. Contributing to weakness were coal, down $119 million, and metals, falling $143 million.
The trade balance has swung from a surplus of $3.1 billion in Q1 to a deficit of $2.7 billion for the initial two months of Q2. We expect the terms of trade to fall by around 3.7 per cent in Q2 - a figure that we will need to review following data revisions by the ABS to iron ore. The drop in the terms of trade explains the bulk of this deterioration in the trade position between Q1 and Q2."
Gold's rally will reverse this half and investors should bet on a second annual drop as global growth gains traction, according to the second-most-accurate precious metals price forecaster tracked by financial news provider Bloomberg.
Bullion will retreat to $US1,150 an ounce at the end of 2014 as the US Federal Reserve presses on with cuts to stimulus, according to Barnabas Gan, an economist at Singapore-based Oversea-Chinese Banking Corp. That's about 13 per cent lower than yesterday's price, and would be a 4.3 per cent loss for the year. Silver will also decline.
Bullion rallied 70 per cent from December 2008 to June 2011 as the Fed bought debt and held borrowing costs near zero to spur growth after the global financial crisis. Prices ended the 12-year bull run last year as US inflation remained low and central bank policy makers prepared to taper stimulus. Global growth is expected to strengthen this year and quicken further next year, the International Monetary Fund forecast in April.
A poor debut from Smartgroup today.
Smartgroup, the second salary packaging company to float since March, fell 7.5 per cent within 10 minutes of its debut on the ASX on Wednesday, despite strong pre-bids.
By 12.30pm AEST, Smartgroup's share price had fallen to $1.49 after trading commenced in Smartgroup at midday at $1.60.
The company set its offer price deliberately low at 9.8 times 2014 forecast net profit after tax compared to the most comparable business, McMillan, which was then trading at around 13 times earnings. However, Bloomberg has McMillan currently trading at around 9.7 times earnings.
Some more on iiNet founder Michael Malone, who has sold down his stake in the company. He is now no longer a major shareholder in the company he started from his parent's garage more than 20 years ago.
When asked by Fairfax Media on March 20 if he would rule out the sale of iiNet shares, Mr Malone said he had no plans to do so but could not rule it out.
According to documents posted on the ASX, his first sale of shares took place less than a week after those comments on March 26.
In total he has sold more than $8.4 million in iiNet shares since late March. It was the final sale of 239,683 shares for $1.73 million on Tuesday that pushed his ownership of iiNet below the 5 per cent mark.
Michael Malone has sold more than $8.4 million in iiNet shares since late March. Photo: Bohdan Warchomij
Here's some lunchtime reading from The Australian Financial Review on tobacco profits in Australia.
Neil Chenoweth writes:
"Pretax tobacco profits increased 30 per cent last year, despite the introduction of plain packaging, because cigarette manufacturers aggressively pushed up price rises before the anti-smoking rules were introduced.
Despite warnings by tobacco executives of the threat that plain packaging, graphic health warnings and rising excise duties posed to their earnings, The Australian Financial Review has found profits for the big three Australian tobacco companies more than doubled over the last five years to $2.2 billion.
While on the surface prospects looked grim for the industry because the number of smokers is falling sharply, tobacco companies have increased their net revenue by $1.2 billion since 2008, almost all of which has flowed through to produce a $1.17 billion lift in pre-tax profit."
We highlighted yesterday the messy battle between American Apparel and its ousted CEO.
Dov Charney has seized hold of 43 percent of American Apparel's troubled stock in revelations overnight. That puts the board in a difficult position and gives Charney a shot at regaining control of the maker of hipster clothing and bodysuits.
Some analysis on this morning's trade data, which showed the trade deficit has widened to the equal largest shortfall in 18 months at $1.9 billion in May from a revised $760 million in April.
ANZ economist Dylan Eades said exports appeared to have driven the sharp widening.
"We saw quite sharp declines in the bulk commodities component, metal ores and minerals," he said.
"We think in relation to both iron ore and coal volumes, they are still holding up pretty well at the moment, so it very much reflects those weaker bulk commodity prices that we have seen over the past couple of months or so flowing into the trade data."
Newcrest will pay $1.2 million in penalties for breaching continuous disclosure laws after the Federal Court upheld a settlement deal proposed by the miner and the regulator.
The fine, made up of two penalties worth $800,000 and $400,000, is part of a settlement between the gold miner and the corporate regulator, the Australian Securities and Investments Commission.
The penalty is the highest imposed on a company under continuous disclosure laws.
National Australia Bank's online retail sales index grew 0.2 per cent in May and is up 5.1 per cent on a year ago.
"In the 12 months to May 2014, Australians spent $15.3 billion on online retail. This level is equivalent to 6.6 per cent of spending at traditional bricks and mortar retailers as measured by the ABS (excluding cafés, restaurants and takeaway food, to create a like-for-like comparison) in the 12 months to April 2014.
"The key drivers of the index have behaved quite differently this month. Groceries and liquor and electronic games and toys continued their strength from the previous month. On the other hand, fashion, department and variety stores and homeware and appliances have seen weakened growth...
"Daily deals and personal and recreational goods experienced negative growth again this month."
NAB online retail sales index
Street Talk reports:
Credit Suisse analysts expect Telstra to announce a $2 billion buyback next month, which would add 1.8 per cent to earnings per share and leave enough room for Asian acquisitions.
The analysts told clients on Wednesday morning that it had previously not expected any major capital management until the 2016 financial year, when National Broadband Network payments will start flooding in.
The Australian dollar has slumped to US94.67 cents from US94.85 cents after trade balance figures were released. More to come.
AUD slumps on trade balance
The United States will within three months lose to China its status as the world's largest economy, said Columbia University professor and Nobel laureate Joseph Stiglitz as he painted a unrelentingly bleak picture of his nation's economic performance.
In a presentation that lambasted the US model of capitalism, Professor Stiglitz said he could not understand the logic of why some people in Australia were attempting to emulate his home country.
He listed as weaknesses the US's poor educational performance, financial deregulation, a slump in work-force participation, an economy that "socialises losses and privatises gains" and several decades of wage stagnation for low income earners.
"If you have an economy that doesn't lead to rising levels standards of living for large fractions of the population for half a century, that's a long time," Professor Stiglitz told the Crawford Leadership Forum in Canberra on Tuesday.
Some analysis from Chanticleer columnist Michael Smith on Goodman Fielder:
"Goodman Fielder chairman Steven Gregg had little choice in the end but to back down and accept a lower offer from the breadmaker's Asian suitors.
Despite opening negotiations based on an offer price of 70¢ per share, there was always going to be some room to talk around a lower price.
Wilmar International and First Pacific are believed to have pushed for a lower price than the 67.5¢ now on the table. Negotiations were complicated by differing views on the value of Goodman Fielder by the boards of the two bidders.
It is not a great price but one that Goodman's shareholders are expected to accept, given the company's deteriorating earnings and concerns about under-investment in plants and equipment. The company has confirmed non-cash impairments in the range of $300 million to $400 million, which will be seen as a further incentive to take the offer on the table."
Outgoing UGL chief executive Richard Leupen has received $1.8 million in stock as part of a "succession incentive" following the appointment of executives to run the company's engineering and property businesses.
Mr Leupen has now received a total of 263,556 shares following the hiring of Ross Taylor, who will run UGL's engineering arm, as well as Tod Lickerman, who was appointed to run the company's DTZ property arm before it was sold last month for $1.2 billion to US private equity group TPG.
Mr Leupen received the first parcel of 131,778 shares in May and has now received a second parcel of 131,778 shares following Mr Taylor's formal appointment last month.
Deutsche Bank has reinstated coverage on Transpacific Industries with a "buy" recommendation and increased its price target to $1.25 from $1.10 after the sale of the company's New Zealand business.
"With the balance sheet significantly strengthened, focus now shifts to operating earnings growth. We see strong upside potential from any macro recovery plus micro initiatives. TPI is trading on [5.2 times FY15 forecast earnings] which we view as attractive."
Wesfarmers has slashed the value of goodwill at discount department store chain Target by $680 million and booked restructuring costs of $94 million in its underperforming liquor business after reviewing future earnings.
Wesfarmers has offset these writedowns and provisions against a pre-tax profit of between $1.03 billion and $1.08 billion on the sale of its insurance operations.
As a result, the Perth-based conglomerate will book one-off pre-tax gains between $261 million and $301 million in its accounts for the year ending June.
Iinet was up 3.1 per cent at the open. In the absence of a company announcement, we note two substantial shareholder notices have emerged today, indicating former chief executive and founder Michael Malone and Beata Malone have reduced their respective stakes below the 5 per cent level.
Meanwhile, investors seem to be seeing the upside for iiNet in news that NBN Co's plans to connect fibre to the basement (FttB) of apartment blocks has been delayed by up to five months.
FttB is a way of connecting more customers to the NBN, and was previously banned under the previous Labor government's plans.
IiNet rival TPG has announced plans to run its own FttB program in major cities, but that is awaiting a ruling next week from the government commissioned cost benefit analysis by the Vertigan Committee.
The FttB delay means more apartment buildings and office blocks being connected to the NBN using the fibre-to-the-premise technology favoured by Labor, of which iiNet is a major reseller.
Supermarket giant Woolworths has been lifting grocery prices in a move aimed at plugging a hole in earnings from its loss-making hardware business and building a war chest to tackle fast-growing discounter Aldi.
According to a report by Citigroup, Woolworths has raised prices on a wide range of lower-profile products – such as baked beans, yoghurt, pasta and cream – by between 1.3 per cent and 8.7 per cent over the last two months.
Citigroup analyst Craig Woolford said the price increases started in May and had become more widespread. In most cases they were not triggered by suppliers.
"This is known as 'price creep' and may reflect food and liquor needing to plug a hole in earnings left by Big W and Masters' weakness," said Mr Woolford.
Shares are up almost 60 points, or more than 1 per cent, this morning on the back of a strong lead from Wall Street.
Investors like Paladin Energy, Iinet and Recall Holdings.
Early laggards are Lynas Corp, Resolute Mining and G8 Education.
Early moves on the ASX
Thanks for your comments readers. We understand that you enjoy a bit of banter between trades but let's keep it relevant to the market, or tennis, today.
Westpac is sticking with its guidance issued two months ago, saying it expects a gradual improvement in the economy over the rest of 2014. In a note to shareholders, chairman Lindsay Maxsted and chief executive Gail Kelly also reaffirm the bank will aim to adopt a more aggressive "tilt to growth" in its lending book over the rest of the year.
"Looking ahead, while consumers and businesses are still cautious we are seeing signs of increased activity and expect the economy to gradually improve throughout the remainder of 2014," they say. In its first half, which ended in March, Westpac recorded an 8 per cent rise in cash profits, to $3.77 billion.
Representatives of realeastate.com.au appear to have used the threat of suspension from the website to entice real estate agents to renew contracts with the property advertising service.
News of the tactics comes amid an escalating battle between REA Group, which is 61.6 per cent owned by News Corporation and is the operator of the No. 1 property website realestate.com.au, and Fairfax Media's Domain Property Group.
The Australian Financial Review, published by Fairfax, has obtained emails that show an agency in Melbourne was told if it chose to cancel its subscription for advertising with the website instead of allowing the account to automatically renew, the agency would be prevented from marketing with the website for three months.
In investment banking overnight:
Goldman Sachs's 'boys club' accused of mocking, underpaying women
JPMorgan's Jamie Dimon has throat cancer
Successive governments have failed to effectively tax Australia's mining boom as measures such as the controversial minerals resource rent tax have provided little revenue, says an analysis by ANZ economists.
Although the ANZ paper predicts a boom in mineral production – as Australia is set to become the world's leading exporter of liquefied natural gas – it also tips a sharp fall in mining investment, with substantial job losses.
As production ramps up, the ANZ economists say Australia is now entering "phase three" of the mining boom. This follows phase one – surging commodity prices – and phase two, characterised by booming mining investment.
Shares in Rio Tinto were among the best performers in Europe, up 3 per cent, after falling about 6 per cent this year - underperforming a 4.8 per cent rise for the mining sector as a whole.
An upgrade to "buy" from Bank of America Merrill Lynch, citing factors including valuation grounds, also lent support.
Australia's most prominent small-cap investor has returned more than $800 million of clients' money because he feels his fund has become too big to beat the market.
In what may be the largest refund to investors by an Australian equities funds manager, David Paradice said he has spent three months selling shares and in some cases has transferred stakes to other funds for his clients.
The founder of Paradice Investment Management has reduced the holdings in his $1.8 billion Australian small caps fund to less than $1 billion. The cash is being refunded to eight superannuation funds and about 20 wealthy individuals and families who invested in him through institutional investment mandates and trusts.
From BusinessDay columnist Adele Ferguson on Commonwealth Bank of Australia:
"The longer it takes Commonwealth Bank boss Ian Narev to respond to a report into CBA's financial planning division and a call for a royal commission the worse it looks for the bank - and the industry.
The report into CBA was handed down on June 26 and it was left to Finance Minister Mathias Cormann to make a statement last Friday that Narev would have ''more to say by way of a considered response to their report [the Senate estimates report into the performance of the Australian Securities and Investments Commission and the CBA financial planning scandal]''.
Narev is expected to make a statement on Thursday, with speculation that he will commit to reviewing the compensation scheme far more extensively than ASIC has told it to do, will agree to review its structure and systems in financial planning and lift the education standards of its planners. It is also expected to review management to ensure the right people are in the right positions."
Some highlights from The Australian Financial Review's Street Talk column today:
Metroglass to test IPO sentiment Thursday
Unisuper's exit linked to Aurizon deal concerns
Scentre Group in talks to offload stake in NZ portfolio
The Australian dollar has briefly broken above US95¢ overnight for the first time in about eight months, after overseas investors cheered the Reserve Bank's decision to keep rates on hold, ahead of important trade figures due out today, which are expected to show the country's trade deficit has widened.
The local currency was buying US94.96¢ at 7am AEDT, compared with US94.58¢ on Tuesday. But after the close of the Australian share market, the currency pushed above US95¢, where it stayed for most of the night before easing.
A higher read for Australian house prices and the RBA keeping the official cash rate at 2.5 per cent, as well as reaffirming its stance on monetary policy was supportive of the Aussie dollar yesterday.
National Australia Bank has signalled it is open to offloading its custody business, in a sign it may also be putting other non-core assets under the microscope.
The bank on Tuesday said it was in talks with several international banks about options for the business, which provides back-office support to institutional investors.
Analysts said the move was a sign the bank was assessing the value of its non-core assets, which could pave the way for sales in the future.
The fate of diversified property group, Australand appeared to be sealed after an after market, formal offer was made by the Singaporean Frasers Centrepoint Ltd, and was endorsed by the prey's board.
Frasers first volley was made on June 4 as an indicative, informal cash $4.48 per Australand share, valued at $2.6 billion. It was considered a surprise bid and trumped the non-binding cash and scrip offer that was on the table from rival, Stockland.
Australand has been a target for the past two years, since GPT launched a partial, non-binding offer for the commercial and development assets, but excluding the residential component.
That was opposite to Stockland, whose chief executive Mark Steinert, said he wanted the housing market exposure and would likely sell the commercial office assets.
First Pacific and Wilmar have agreed to buy Goodman Fielder for the new price of 67.5¢ a share plus a 1¢ dividend, 2.5¢ less than the previous offer.
Goodman Fielder will announce a write-down in its intangibles of between $300 million and $400 million.
The deal values Goodman Fielder equity at $1.34 billion, although the consortium already owns 19.9 per cent.
An announcement is expected this morning.
Fresh closing highs for the Dow and the S&P 500, and a fresh buy on Rio Tinto, have set the stage for a positive local open.
What you need2know:
• SPI futures up 22 points to 5362
• AUD at 94.95 US cents, 96.42 Japanese yen, 69.42 Euro cents and 55.36 British pence
• On Wall St, S&P 500 +0.7%, Dow +0.8%, Nasdaq +1.2%
• In Europe, Euro Stoxx 50 +0.9%, FTSE +0.9%, CAC +0.9%, DAX +0.7%
• Spot gold down 0.1% to $US1325.96 an ounce
• Iron ore adds 0.4% to $US94.20 per metric tonne
• Brent oil down 0.1% to $US112.20 per barrel
What's on today
Australia: RBA assistant governor financial markets Guy Debelle speaks at a FT conference in London; NAB May online retail sales index; ABS releases the May trade balance;
US: Federal Reserve chair Janet Yellen delivers a lecture in Washington DC; US May factory orders; US June ADP employment change.
Good morning and welcome to Markets Live for Wednesday.
Your editor is Vesna Poljak.
This blog is not intended as investment advice.
BusinessDay with wires.


text:
quote:I don't know if i've ever seen anything more amazing in my life.......
quote:Anthony Johnson?
quote:and he was tweeting yesterday about how he hates it here
quote:That wasn't him tweeting dumbass
quote:Who gives a frick what he was tweeting? You don't think that college atheltes, with school, practice, extra tutoring sessions, etc. on top of what a nomal college kid goes through: girls, friends, parties, etc. that maybe his tweets had something other to do that LSU and football? Or maybe if it was that they weren't entirely thought out or even true?
quote:This makes me sad for you
quote:exactly, i think when ever a kid has a rough time no matter what the issue, people here think it must be because miles is a shitty coach.

subset: commoncrawl


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The College Volume II. No. 8 BRYN MAWR, PA., NOVEMBER 18, 1915 Price 5 Cents CALENDAR FRIDAY, NOVEMBER 19 8.00 P. II.�Concert in Taylor Hall. SATURDAY, NOVEMBER 20 10.00 a. if.�'Varsity Hockey Match vs. All Philadelphia. 8.00 p. m.�Sophomore Play. SUNDAY, NOVEMBER 21 6.00 P. u �Vespers. Speaker, H. Riegel, '16. 8.00 p. m.�Chapel. Sermon by the Rev. Harry E. Fosdick of The First Baptist Church, Montclair, N. J. WEDNESDAY, NOVEMBER 24 1.00 p. M.�Thanksgiving Vacation begins. MONDAY, NOVEMBER 29 9.00 a. m.�Thanksgiving Vacation ends. WEDNESDAY, DECEMBER 1 7.30 P. M.�Bible Class. The Rev. Robert Johnston of Philadelphia. 9.00 p. M.�Mid-week meeting of the C. A. Leader, N. McFaden, '17. SATURDAY, DECEMBER 4 9.00 a. m.�Senior Orals in French begin. SUNDAY, DECEMBER 5 8.00 p. H.�Chapel. Sermon by the Rev. Frank L. Janeway. INTEREST IN COLLEGE SETTLE- MENT CHAPTER REVIVED MORRIS A PHILOSOPHER OF BEAUTY Intimate lmpre��ioni by Mr. C. R. Ashbee ALUMNAE TEAM ALUMN/E STARS LOSE TO VARSITY Improvement in the Forward Line The College Settlement Chapter, which has for several years been little more than a name at Bryn Mawr, Is to be re- vived and take on new activities. The plans for new work along settlement lines, made by President Thomas, Dr. Klngsbury, several of the College Settle- ment Board, and undergraduate repre- sentatives, are to be further worked out and supported by the Alumnae. Connection with the College Settlement Chapter, which Is indispensable to any at- tempts at social work by the College in Bryn Mawr village, is made possible by the help of President Thomas. She be- lieves so thoroughly in the importance of the C. S. A. that she has promised one hundred dollars from the directors to meet this year's obligations to the Asso- ciation. In the near future several speakers will come to Bryn Mawr to tell of College Settlement Work and the stu- dents will have the benefit of the advice of the Philadelphia workers. This is the only organization that offers scholarships at large for social work and that takes an interest in the guidance and encour- agement of undergraduate work. Stu- dents are also welcomed at the different settlement houses over vacations and for short visits. Dorothy Weston, "14, is the present holder of one of the scholarships. The Chapter In Bryn Mawr is to be re- organized at once. The College will be canvassed to determine the interest of the students and receive their co-opera- tion. The Chapter will be connected with the Christian Association, but will not be limited to Christian Association members. The exact plans for social work will be determined in about a week. The Alumnse, with a team composed in part of former Varsity and class captains, lost to Varsity last Saturday by the score of 8-1. The high score was largely due to Varsity's strengthened offense. The shift of V. Litchfield from right half to center forward has changed the whole line from five uncertain Individuals to an attacking unit. The Alumnae offense was also ex- cellent, but had a strong defense opposing It. J. Katzenstein, '06, played a fast game at left wing, rivaling L. Brown in long runs down the field. Miss Katzenstein played right wing in College and made both her class team and Varsity. M. Egan, Varsity captain in 1911, showed all her old dash at left hair. Her skillful stroke from the edge of the Varsity circle to M. Kirk resulted in the first goal of the game and in the Alumnae's only score. A few minutes later, L. Brown took the ball for Varsity in the middle of the field and, rusliini: it past all defense to the edge of the circle, Bhot the cleanest goal of the game. Immediately after the bully, L. Brown again received the ball and repeated her spectacular run. This time, however, the goalkeeper stopped the shot and the forwards had to close in and fight. O. Hearne, '19, shot the goal. A. Hearne, who formerly played on Var- sity, changed off with M. Nearlng, at right half. M. Nearing was a Varsity cap- tain in 1909. B. Ehlers, '09, played goal, although her position in College was center forward. ('. Wesson, '09, and H. Read, ex-'05, completed the defense. Miss Wesson made several exceptionally long hits, but the defense on the whole was weak. M. Tyler made a third goal for Varsity and the half ended: Varsity, 3; Alumna?, 1. In the second half, V. Litchfield shot two goals and H. Harris, M. Tyler, and L. Brown one apiece, thus making the final score: Varsity, 8; Alumnse, 1. The un- evenness of the score, however, did not prevent excitement. The play continually swept up and down the field and the im- provement in the Varsity forwards raised high hopes along the sidelines for another victory on Saturday. If only speed can be developed, the All-Philadelphia match should be a close one. The line-up was: Hrvn Mawr. Positions. Alumnsv L. Brown..........R. W.....I. Seed*, ex-'ll M. Wlllard.........R. I.........II. Kirk. '14 V. Litchfield........C. F........M. Kirk, 10 O. Hearne.........L. I.....A. Hawkins. "07 M. Tyler...........U W..J. Katzenstein, 'ofl M. Bacon..........R. H......A. Hearne. '13 N. Nearlng. '<�> M. Branson ......C. H.......B. Whit.', im', H. Harris..........L. II.......M. Kuan, '11 C. Flske...........R. F......C. Wesson, '00 M. Thompson.......L. F.....H. Read. ex-'OS F. Curtln...........Q........B. Shier*, '00 Substitutes�Varsity; for M. Wlllard, A. Stiles, r. KellogK- UoaIs-Alumna: M. Kirk, 1. Varsity; L. Rrown. 1'; M. Tyler, 2; V. Litchfield. 2; G. Hearne. 1 ; H. Harris, 1. Referee�C. M. K. Applebee. Linesmen�R. Cheney. P. Turle. Timekeeper�A. Smith. Scorer�E. Strauss. Time of halves�30 minutes. Mr. C. R. Ashbee, of England, spoke Friday night on William Morris, poet, up- holsterer and socialist. The lecture WSJ made especially interesting by Mr. Ash- bee's personal charm and his faculty of bringing his hearers into intimate con- tact with his subject. He brought out his points almost entirely by telling amusing and spirited anecdotes. Having known William Morris personally, he was able to give vivacious and vivid impressions of his vigorous, fiery, lovable disposition In the first part of his speech. Mr. Ash- bee dealt with Morris as poet. He read a fragment of his works called "The Mes- sage of the March Wind", which illus- trated the attitude which Morris had all his life, the attitude of a minstrel. Just as the world was a play to Shakespeare, said Mr. Ashbee, to Morris it was a tale. It was with Mr. Morris as upholsti i. i that Mr. Ashbee was most closely con- nected, for he has carried on the kind of craftmanship work which Morris started It was Morris' great idea, he said, to make everything around him beautiful. For this purpose he gathered around him a group of talented young men, among whom was Hume Jones, and together they started workshops where they de voted their time to making beautiful things. At this point in his lecture, Mi. Ashbee showed slides of these workshops and the work which Morris conceived and carried out in them. It was Morris's philosophy of beauty, said Mr. Ashbee, that lead him to social- ism. He believed that the reason hand work is less beautiful now than in the Middle Ages is that present social condi- tions are based on mastery rather than on fellowship. Morris thought that beauty should be not for the wealthy classes alone. Mr. Ashbee pointed out that It was perhaps as socialist that Mor- ris was least successful, because he could work out no practical way of applying his theory to the poorer classes. But he showed that although Morris may not have been successful in this, he lived up to his motto that: "We are there to do great deeds, whether we live or die". IMPORTANT UNDERGRADUATE MEETING NON-RESIDENT CLUB AGAIN ACTIVE The Non-Resldent Club, which has not been active since 1914, has been formed again and now has thirty members. The object of the club is to increase inter- course between resident and non-resident students and to stimulate the interest of non-residents in College activities. The Club expects to give teas to which resi- dent students will be invited, in the non- resident room, which has been put in order again this year. The officers are M. Brad way. president; M. Jeffries. '17. vice- president and treasurer; M. Scott, It, secretary. At the meeting of the Undergraduate Association on Monday night several im- portant decisions were made. Plans for a memorial to Miss Garrett were begun and action was taken in regard to the Ad- visory Board of the Association. A new committee was created to take charge of scenery and costumes and a new regula- tion was passed concerning faculty tick- ets to class entertainments. At the close of the meeting the president of the Asso- ciation spoke to the members about at- tendance at lectures and at Chapel and about keeping off the grass. The first business discussed was the Memorial for Miss Garrett. The chair was empowered to appoint a committee to make plans for the memorial. These plans will be reported to the Association at Its next meeting. It was then voted that the Advisory Board of the Association be empowered to act as an Advisory, Board to President Thomas when so requested by her The new Standing Committee will con- 1 sist of one member from each class ap- pomn-d by the chair and will take (charge of the storing and using of the class scenery and costumes. It was de- cided that the scenery of one class could not be changed by another class without permission of this committee. A definite system in regard to tickets for the class entertainments was also es- tablished. It was voted that compli- mentary tickets should always be sent to the members of the faculty, with their in- vitations. In order to prevent any misun- derstanding about admission. NINETEEN COUNTRIES REPRESENT ED BY COLUMBIA FRESHMEN Official figures show that nineteen for- eign countries and Hawaii and Porto Rico are represented by the 402 men In the Class of 1919 at Columbia. Two hundred of the class corns from New York City. Of the foreign students the largest group is from Russia, fourteen students. This year's Is the largest Freshman class In the history of the college. M. THOMPSON, "17, COLLEGE TENNIS CHAMPION The College Tennis Championship tournament was played last week. The four class champions were E. B. Kirk, �16; M. Thompson, '17; M. Stair, II;.B. Biddle, '19. In the preliminaries, I It Kirk defeated E. Biddle. and M. Thomp- son defeated M. Stair. The finals, K II Kirk vs. M. Thompson, were won by M. Thompson, 6 1. 6-0. The match between M Winsor, ex-'18, as present holder of the cup, and M Thompson has not yet been arranged. It will probably be played in the spring. The cup, which becomes the property of the person winning it in three successive years, has not yet been won. It is the oldest cup In the Athletic Association, presented to the Association in 1901. YALE CREW MUST SWIM There Is a new requirement at Yale that the members of all the crews must be able to swim from fifty to one hundred yards. They try out In Carnegie pool ^
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So I did away with XM radio a couple months ago and I wanted to stream internet radio (Pandora, Shoutcast, Google Play, etc.) through my car stereo from my Droid2...but my factory stereo didn't have an AUX port or bluetooth.
So, I decided to replace the factory stereo in my Jeep.
I wasn't wanting to spend a lot of money for a high end stereo, I just wanted a port to stream music.
I came across this one on Cruthfield:
http://www.crutchfield.com/p_105KDX50BT ... ml?tp=5684
It's a digital media receiver (no cd player), but I rarely use cd's anymore.
I've used Crutchfield before when I replaced the factory stereo in my previous car, and I was a huge fan of their website and how easy they make choosing a stereo that fits your car, along with conversion kits, instructions, etc...plus their prices are decent.
I received it today and just finished installing it.
It's pretty kick ass...and only $115 for everything (receiver & conversion kit).
2-USB ports, Bluetooth (phone & streaming), Aux port.
It has a feature that once when you turn the car on, it automatically connects to your phone via bluetooth and all you have to do is press one button on the receiver and it starts streaming Pandora just like that.
Very cool...works great.
Love, love, love the bluetooth in the car. No wires.
It's pretty customizable too. You can even choose from like 26 different colors for the displays, and even mix and match or have it cycle through and fade in and out.
So it's blue & yellow during Blues season, and Red & white during Cardinals season.
It's also nice to stream 590 KFNS now, since their reception on the Illinois side is total crap half of the time...and at night, forget about it. I can actually listen to 590 without tons of static now.
JVC bumped up the usb ports to 1amp, so you can keep your phone charged while you use it in the car. Some usb ports on car stereos can't keep up with the usage and fail to keep the phone charged.
I know some of you guys probably have much better setups, LCD touch screens & whatnot, but I was just very impressed with this one, especially at this price...and it looks slick. I wasn't expecting to get something this nice at this price.
So yeah, if anyone is looking for a car stereo for around $100...I recommend this one. Very nice.
Oh...and crutchfield.com rocks.
I'll take a pic & post it...once I clean my car out.


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Per TSN.
Montreal pays Gomez $7.3M per until 12-13. He had 16 G and 58 points last year.
Nice one, Gainey.
Moderator: LGB Mods
SIU LAW wrote:Montreal gets: Scott Gomez, Michael Busto, Tom Pyatt
Rangers gets: Chris Higgins, Ryan Mcdonagh (!), Pavel Valentanko
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Tiger tennis signs two
By The Hays Daily News
Fort Hays State University tennis coach Brian Flax announced Thursday the signing of two new players for 2013-14.
According to FHSU Sports Information, Katie Hipp and Raven Dick signed as true freshmen.
Hipp, from Central Plains High School in Claflin, compiled a 97-24 career win-loss record, and was 31-2 her senior season. She teamed up in doubles for a second-place state finish in Class 3-2-1A. She is a three-time state placer.
Dick is from Poudre High School in Fort Collins, Colo. She was 8-2 for Poudre last spring.
"I am extremely happy to bring these ladies to our program," Flax said in the university's release. "They are very athletic and their best tennis is still ahead of them."


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Category:1841 deaths
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6237 E 100th St N
Wagoner, OK 74467
Sequoyah Bay State Park is a paradise for water sports and camping. It is located on the shores of Fort Gibson ... read more...
Roman Nose State Park Golf Course
866-602-4653, 580-623-7989
Highway 8A
Watonga, OK 73772
The Roman Nose State Park Golf Course is an 18-hole, par 70 course that offers sloping bent grass greens, Bermuda grass ... read more...
Hwy 271
Clayton, OK 74536
Clayton Lake State Park, located in southeastern Oklahoma's Kiamichi Mountains, features 500 acres of lodging, fishing, ... read more...
101 Main St
Waynoka, OK 73860
A prime example of Oklahoma's diverse terrain, Little Sahara State Park boasts over 1,600 acres of sand dunes, ... read more...
Snowdale Area at Grand Lake State Park
Salina, OK 74361
Snowdale Area at Grand Lake State Park is located on the shore of Lake Hudson and is a popular destination for ... read more...
Cedar Creek Golf Course at Beavers Bend
866-602-4653, 580-494-6456
Hwy 259 N
Broken Bow, OK 74728
Known for its pine-rimmed fairways, Cedar Creek Golf Course in Beavers Bend State Park is one of the most beautiful ... read more...
2131 Osage Hills Park Rd
Pawhuska, OK 74056
Located just west of Bartlesville in the heart of the Osage Nation in northeast Oklahoma, Osage Hills State ... read more...
Fort Cobb State Park Golf Course
866-602-4653, 405-643-2398
27046 Marina Bay Ln
Fort Cobb, OK 73005
This 18-hole, par 70 course offers bent grass greens, Bermuda grass tees and fairways, a wide open front nine, ... read more...
116 Red Rock Canyon Rd
Hinton, OK 73047
Red Rock Canyon State Park, located in west central Oklahoma near Hinton, is an outdoor adventurer's dream. With ... read more...
10252 Hwy 44
Foss, OK 73647
Foss State Park is located in western Oklahoma on Foss Lake. Recreational activities include hiking, biking, disc golf, ... read more...


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Edited By on 2011-07-11 01:07:37
Edited By xinling on 2011-07-10 22:59:58
This place is really a very simple place which serves homemade Thong Sui using quality ingredients. Yes, you do not just find those common desserts here but some very unique ones as well. There are over 20 types of Thong Sui available here and one will surely find something that is appealing to them. For me, it would be their shaved iced variety. I would say that the Thong Sui here really comes loaded with ingredients and this is what makes the difference. As for the pricing, its pretty reasonable, not utterly cheap but not high end price too. So for those looking to indulge in some good Thong Sui, try this place out.
More pictures at my blog http://thefoodisgood.blogspot.com/2011/04/sweet-i-desserts-house.html
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- qiongqiong我的么么查查 @ RM2.70 - 好吃!!我好喜欢那个香草薯条。仔细地吃,会吃到很香的pandan 香味,然后番薯芋头都熟透了,加上sago眉豆等增加口味上的层次感,真的好吃!
Have you noticed that the word Desserts is actually Stressed spelled backwards?
Dessert is just the superlative solution to cure the stress, tension and despair curse easily and naturally.
All you need is some cash to splash.
Just for your information, i have defied the famous adage 'there ain't no such thing as a free lunch' a few hours ago.
I credited Foodtok and the super friendly sellers who are husband and wife for the free of charge little snacks.
Actually, i have tasted four types of Tong Sui if counting in the chrysanthemum tea tonight.
Two of them were redeemed via vouchers which i have won from a Foodtok event and the remaining two were on the couple, Mr. and Mrs. Soon.
I have made a few attempts to try the well-known Tong Sui out and the Tong Sui house did not open for business on those attempts.
This is what i have heard from the founder of Foodtok who knows the couple well, Mr. and Mrs. Soon work like cow from night to the morning just to prepare for one-day business.
That is the reason why their operation hours are not consistent and why they don't open for business without prior notice.
I blahed too much and it is time to show you where the house is located.
If you are on the way from KFC Sungai Dua to Sungai Nibong Bus Terminal, you should be able to spot terraced houses on your left after passing through Pelita Nasi Kandar.
Sweet-i Tong Sui house is among the terraced houses.
I enjoyed a chit-chat session with the couple and i have known that they are super fans of the old school Chinese dessert.
Five years ago, they started their Tong Sui stall business by the roadside.
With the supports from their regular customers and the herculean effort they have put in throughout the five years, they finally managed to move into a terraced house from a humble make-shift stall.
What behind their success is that they have passion as the foundation.
Mr. and Mrs. Soon truly loves Tong Sui, especially the black sesame soup i guess.
Unfortunately, black sesame soup is facing extinction crisis and is getting more rare as day goes by.
They then made up their mind, took their very first step into filed of the Chinese traditional dessert, started to inquire Tong Sui masters and began to cook Tong Sui. Mr. Soon insisted he spent 4 years time only in mastering the black sesames frying skills.
Practice makes perfect.
Could you imagine how much time the couple has spent just to produce Tong Sui masterpieces?
Besides, he also claimed that most of his Tong Sui's are vegetarian-friendly.
The best part is that no colouring agent and seasoning powder are used in making the low-sugar Tong Sui's.
The empty wall spaces of the house are partially filled up with only colourful handmade laminated papers in which details of their signature dishes are written on them.
People come just for ambrosial Tong Sui, not for the ambiance. There are quite a number of cooking pots as they serve a variety of Tong Sui.
They have added a little twist in some of the desserts, quite innovative huh?
The prices of the Tong Sui range from RM1.50 to RM5.00 which are considered reasonable for such genuine ones.
Among 4 of my selections, two of them were the Barley Fungus Soup or more commonly known as Barley Foo Chuk (薏米腐竹雪耳) and the Coralline Algae Lemon Fungus Golden Pear Soup (珊瑚藻柠檬雪耳雪梨汁).
I wonder where the heck does the couple got the inspirations in naming the Tong Sui's with such long and complicated names.
First, i will talk about the Barley Foo Chuk.
The mixing of Barley and soya gave the Barley Foo Chuk its white colour chalky appearance.
Its texture was a bit lumpy due to the softened bean curd sheets and crunched Barley seeds.
According to Mr. Soon, the bean curd sheets can be such soft and smooth if and only if they are water-soaked for days.
Yes, it was sweet but the sweetness came from the crushed Barley seeds and the soya.
Speaking of the ginkgo nuts, they were dulcet unlike those you can find at other Tong Sui stalls.
Apparently, Mr. Soon sweetened the nuts by removing their poisonous core before pickling them in sugar water for some time.
The white fungus was so smooth and it tasted like jelly fish when i was tearing it apart with my teeth.
Guess what? It was so yummy until my other half finished it while i only got to test 3 spoons of it.
Next, it was the Coralline Algae Lemon blah blah blah which is innovated by the couple.
Lime juice was blended into this Tong Sui to create an extraordinary taste.
I could see a cloud of white fungus floating on the surface.
There were pear cubes which tasted sour and pears do help a lot in reducing internal body heat.
Overwhelming of internal body heat loss may cause some side effects.
To prevent that from happening, wolfberries were added.
Wolfberries which are commonly used by practitioners of traditional Chinese medicine are responsible in increasing internal body heat.
It was so refreshing and it succeed in curing my tiredness.
I was quite surprised when these very adorable mini cups of chrysanthemum tea were served and i was told that i would not need to pay for them.
Chrysanthemum tea is one of the most popular herbal teas no matter in China or Malaysia.
This tea is notable for its cooling properties that aid in decreasing body heat and is recommended for those with fever, sore throat, and other heat-related illnesses.
Mr. and Mrs. Soon really made the tea a real tea.
It tasted moderately sweet and slightly bitter.
No doubt, i would describe it as the best chrysanthemum tea i have ever had.
Last but not least, i needed not to pay for this too.
Mr. Soon felt sorry as there were not much Tong Sui choices left.
Hence, he gave me a bowl of Black Sesame Soup as a compensation.
That was what he said but the truth is, they did sell like 10 more bowls of Tong Sui after i have got mine.
Technically, it should be named as black sesame paste.
No more nonsensical words and let's take a look at the black sesame soup.
Don't you ever judge the paste by its appearance just like i did.
It did not look tasty, the taste is just unpredictable if you are to guess based on its appearance.
Seriously, i was like Wow when i tried the first spoon of it.
The highlight of this dish is that the paste was extremely smooth, there was no lump at all.
Referring to my pictures, it was thick, wasn't it?
It was full of black sesame aroma and you could feel tiny bits of black sesame powder on your tongue when you are tasting it.
Furthermore, the gentle sweet and bitter taste occurred simultaneously.
It was very unique.
Like what i have mentioned above, it took Mr. Soon 4 years just to master the frying skill.
Therefore, you must give it a try.
From what i have read from the great Internet, this is the toughest dish to master among all the Tong Sui's.
In accordance with Mr. Soon, while he was mastering the Black Sesame Soup, he would make some of it and let the elders try it.
He immediately perfect the imperfections after receiving feedbacks from the elder ones.
Hard work does pay off.
No pain, no gain.
Mr. and Mrs. Soon did sacrifice a lot just to ensure that our Chinese traditional desserts live.
They are currently in need of shopkeepers, contact them if you are interested.
This is the second time i am giving away 5 stars in term of taste and the first time for 5 stars in term of service.
In conclusion, i was in heaven when i was at Sweet-i Tong Sui House.
If you are intending to try it out, please kindly contact them to confirm their availability.
Thanks for the treat, Mr. and Mrs. Soon.
Address : 727-F, Jalan Sungai Dua, 11700 Penang.
Operation hours : Daily 1600 - 2200 & closed on Thursdays.
Contact no. : 012-4853627
I love the Jelly in the bobo chacha very much, qq and taste good. Soup of the bobo chacha is good not over sweet. Barly fu chok is good too. Full of soya aroma, soft & qq white fungus and sweet ginkgo nut.
The boss also into us the kwai lin kau and give a sample of new tong sui. We love the kwai lin kau very much, it is homemade version. Serve with raw honey, Super delicious. The sample new tong sui is papaya, corn, artachi and sago.
Although the shop is abit hot during the hot day but the sugar serve here will definitely bring you back here ~~
【甜在心糖水屋是由安和他妻子-蓉两人亲力亲为经营,从选料到烹调都是他们两人一手包办哦。甜在心5年前在Jalan Helang路边的糖水小档口一直以诚意回馈顾客5年之久,直到半年前孙老板才正式迁入附近的屋子,位置十分容易发现,就在Sg Dua Tesco Extra正对面。甜在心糖水屋和一般糖水铺有别,这里的卖点是高纤+低糖+滋补+养生+真材实料 。】
【从小小的糖水档,卖最普通的红豆沙、绿豆汤,到今天每日卖10余种糖水及养生营养粥,甜在心糖水店已被不少美食部落客誉为城中最具特色的糖水专卖店。夫妇俩合力经营的小店,没有装璜,用朴实与诚意打动顾客,虽然一碗糖水卖到3、4令吉以上,但货真价实,总是教人吃了再回头。因为功夫多与慢工细活,加上人手不足,糖水店在下午4时30分准备就绪才开门,做下午茶之后到宵夜的生意。这里的生磨黑芝麻糊做得很有水准,香滑而不腻,近年来,这种讲究慢工细活,功夫太多的甜点,连大餐厅也少见了。 摘自:光华电子新闻 | 吃在口甜在心 无比温馨 】 糖水屋内的墙壁都贴满了糖水"菜单",这里售卖的糖水、养生粥超过35种,这还不包括一些养生饮料哦。不过每日糖水菜单都不同,如果要吃比较特别的糖水、养生粥,最好打电话给安确认一下哦。不过比较热门的糖水如红豆、绿豆、清补凉、麽麽喳喳等几乎每天都有贩卖的。
1. 海燕窝百合红枣雪耳露 Lily Bulbs Red Dates Fungus Corolline Algae 包装:RM4.50 ; 盒装:RM4.80 这糖水虽然价格不菲但可是下足料的哦,先不用尝,单单轻轻嗅一下,清清的百合香味已经振奋人心。海燕窝更是可以促进新陈代谢和养颜美容哦,不然怎么叫海的燕窝呢? 【海燕窝的功效为调和气血,止痛,治疗月经不调,神经性头痛以及便秘,有排毒功效。此藻類含有豐富的藻紅素,藻藍素及維生素B1、B2、礦物質、鉀、碘、鈣等。 能促進新陳代謝、調整體質、養顏美容、幫助維持消化機能、退火、使大小便順暢、促進食慾、青春永駐。是勞動者、上班族、素食者、男女老幼不可缺少的清涼飲料。】
2. 南瓜蛋花西米露 Sago Egg Pumpkin Soup 包装:RM2.50 ; 盒装:RM2.80 (另加白果或莲子 加RM1) 如果喜欢口味重的朋友或许可以尝试这道糖水,南瓜味真的很重但不会腻因为不会很甜嘛,加上蛋花,享用时隐约还能尝到蛋香的味道哦,这是我第一次吃过那么奇特的糖水。 3. 薏米腐竹雪耳 Barly Fu-Zhu Fungus Soup 包装:RM2.20 ; 盒装:RM2.50 (另加白果 加RM1) 基本上薏米、腐竹、白果和雪耳这四个都是没很重味道的结合,但是加入在鲜奶中,这三种材料变得更为特别了。这道糖水奶味有点重,我不是喜欢喝奶水的人所以不便给意见。
4. 花生仁汤 Peanut Sweet Soup 包装:RM1.50 ; 盒装:RM1.80 这道糖水让我想起妈妈的花生汤,花生已经煮得很嫩很软,由于甜在心提倡低糖所以这糖水一点都不会甜而腻。最后我把这花生仁汤一人扫光光了。
5. 椰香糯米西谷米绿豆沙 Green Bean Sago in Coconut Milk 包装:RM2 ; 盒装:RM2.30 最近绿豆价格一直居高不下可是甜在心还能卖这种大众化的价格,实属难得。让我很喜欢这绿豆沙的是有加入糯米,让口感更为嫩滑而且虽然加入椰汁但一点都不会吃多而腻。我给这绿豆沙打满分,赞!
6. 陈皮红豆沙 Mandarin Peel Red Bean Soup 包装:RM1.50 ; 盒装:RM1.80 (另加白果莲子 加RM1.80) 又是一道让我想起妈妈煮的红豆汤味道,以前妈妈煮的红豆汤都喜欢放陈皮,不过最近都放pandan叶居多。而甜在心的红豆汤用的红豆不是一般的红豆,而是一种叫"肉豆"(Bak Dao)的红豆,未煮熟前是浅红色的,肉豆在煮前煮后都是差不多 size,没有因为煮熟而像一般红豆膨胀很多 。这种红豆好吃的地方在于红豆皮在焖煮时不容易剥落而且口感扎实,我非常喜欢这种红豆的红豆汤。加上加入陈皮,陈皮有减肥去油的功效,要减肥的美眉们一定要尝试哦,价格又不会贵。
7. 六味清补凉罗汉果糖水 Lou Han Guo Leng Chee Kang with Ginko 包装:RM4 ; 盒装:RM4.30 好多好多料的清补凉,有银杏(白果)、莲子、雪耳、龙眼、杏仁和燕菜,而且这清补凉虽然没加入冰不过一口吃下去,好凉爽哦。而且还可以要求老板娘加入冰砂,不加价哦。
8. 生磨香甜花生糊 Groundnut Cream Soup 包装:RM3 ; 盒装:RM3.30 当看到老板娘在搅拌锅里的花生糊时,看到这花生糊好浓郁哦,心想一定很甜,吃了口干。但真正尝试时,才发觉虽然浓郁的花生味但吃下去一点都不会甜腻,可能少糖的关系加上花生磨到很碎所以就是一个人吃光整碗也不会觉得很腻。 9 . 马蹄蛋花西米露 Sago Egg & Waterchestnut Soup
我也是很喜欢这道糖水,因为马蹄汁喝了让整个喉咙都可以很清凉而且还有淡淡的蛋花香,而且不怕单调,毕竟还加入一小块一小块的马蹄块,喝糖水也可以很脆口。 10. 香草薯粉条麽麽喳喳 Tapioca Jelly Bo Bo Cha Cha 包装:RM2.70 ; 盒装:RM3 这个赞,是所有糖水当中最好吃的,所以很快就被我们吃光光了。材料有黄番薯和橙番薯、黄豆和薯粉条,偶尔还会加入紫番薯哦。虽然加入椰汁但不会腻而且有淡淡香草味,加上薯粉条QQ的,吃起来很有口感。
11. 生磨香浓黑芝麻糊 Black Sesame Soup包装:RM4 ; 盒装:RM4.30 这黑芝麻糊和花生糊一样,看起来浓郁、充斥着重重的芝麻味,实际上味道也不会很腻,反而吃起来水水带微甜。
12. 龟苓膏 Raw Honey Gui Ling Gao (Herbal Jelly) 盒装:RM2.50 为加入蜜糖的话,这龟苓膏绝对是苦苦的,这龟苓膏是老板的独家秘方哦,看来好像每家龟苓膏都有自己独特秘方哦。味道方面,很顺滑+凉爽带微苦涩,怕苦的人可以加入蜜糖不过个人觉得不会太苦,没加蜜糖的话我还接受得了。
13. 糖炒参红枣枸杞冬瓜雪耳露 Sha Shen Red Dates Medlar Winter Melon White Fungus Soup 包装:RM4 ; 盒装:RM4.30 糖炒参的味道很像人参,所以这道糖水如果不懂的话,还以为拿人参来炖呢。 【糖炒参特徵:参类一种,不能生吃。潤肺補氣,微微地補元氣,含糖分也較入肺經,比太子參補一點】 15. 南瓜双莲糙米粥 (素+无味精) 包装:RM4 一定名字就觉得很养生了吧?材料有南瓜、莲子、莲藕、黑豆、蘑菇、无花果和金针菇,粥则是用糙米来熬制。味道方面有点复杂,毕竟参杂了各种材料,没有很重的气味但一口吃进口里时,味道就会慢慢化开。 16. 龙眼白果
这是不在餐单内的,这是老板为我们炮制的,白果+龙眼+清补凉汤汁,赞! 糖水大合照哦,别看每碗都是一小碗,加起来就是很大一碗了,不过味道很赞,吃完了我过两个小时还想再来了,呵呵。。。 真材实料+诚心诚意就是老板孙德安和老板娘王淑蓉两夫妇给于顾客的保证,在注重盈利工少的饮食界,像他们两夫妇不嫌弃功夫多、炖熬时间长实属难见了,喜欢糖水的朋友一定要来这里支持支持哦!
View Sweet-i 甜在心糖水屋 in a larger map
Address: 727F, Jalan Sungai Dua, 11700 Gelugor, Penang.
Tel : 012 4853627 (Mr Soon)
Biz Hour: 2pm – 9pm
Closed on Thursday
I tried another new dessert. Not sure what it is called but it contain pumpkin, corn, barley and sago. Pumpkin is well cook to soft and smooth, corn still have the explore feel, crunchy and strong corn aroma. Beside that big and juicy sago mix well with the normal typical barley. Best part of all is this dessert is low sugar. Love this shop.
For new menu i tried the water cashew nut sago and kwai lin kou. I ordered the iced water cashew nut sago. The dessert have alot of water cashew nut. Not over sweet and tasty.
For the kwai lin kou, it is a homemade version. The boss use his own recipe so you can't get from anyway else. Kwai lin kou have no added sugar. So if you prefer sweet or scare of the bitterness, you can add in honey.


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One week ago we picture wrapped #URGE ! I've spent the last 5 weeks of my life in NYC with these lovely people and i already miss seeing their faces every day. This movie is going to be awesome. Can't wait for a rough cut! @aaronkauffman @dannymasterson @nickthune @barpali @justinchatwin @ashleygreene @chrisgeer 14w 19
Signal is misery in Mississippi! In this house at least... 10 minutes of inching along then it stopped on my face so hey that works I guess! Has everyone seen the #pitchperfect2 trailer and if so what did you think? 10 million views already ain't mad at that! Thanks chillenz! ✨ 14w 21
Pardon the promotional spamming about to occur... Time to catch up with everyone else! #pp2 #pitchperfect2 #may15th 14w 25


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RV Teacher ? regressive ? lost here as usual ... registered vet ?
your calf have any rope burns ? any photos ? could have been hard ground
ATD - at / during aprox time of death , than rained latter causing the " mud "
you guys saw. mud w/ no tracks means nothing w/ out those details
including when it last rained . easy enough... but than we would be looking
for ghosts. I don't mean that in a neg way. just highlight we have no proven
case as an template to compare . only claimed. and again little or no
evidence . I should say several cases / incidents had little access to organized
labs or skilled investigators.


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Sarasota homeless issue stretches to Selby Library
Date: September 29, 2011
by: Kurt Schultheis | City Editor
The controversial downtown Sarasota homeless issue has stretched to the Sarasota County-operated Selby Library.
Downtown resident and radio host Phil Grande, whose frustration with the homeless led him in July to fund catered meals for transients in front of Vice Mayor Terry Turner's residence, has made it known that the homeless have left a benchless Selby Five Points Park and taken over the nearby library.
Without both the city and the county working together to combat the transient issue, Grande says problems will continue downtown.
In a Sept. 5 email to the Sarasota County commissioners, Grande reported that the library is being used "as a homeless shelter."
Grande noted that transients are hanging around outside the library, especially its entrance, on a daily basis and going inside frequently to use the restrooms.
That type of behavior, Grande pointed out, is not allowed under the county library's patrons' code of conduct.
That code states that the library should be used strictly for "selecting materials, reading, studying, researching and writing" and that personal hygiene procedures for patrons "shall conform to the community standards for public places." Many of the transients who enter the library also do not adhere to the library's dress code, he wrote.
Grande also questioned whether the homeless who come and go at the library are counted as daily visitors on the log used to determine the library's annual budget, which is designed to reflect the level of patron usage.
"My (radio show) producers counted on average that 80% of the (daily visitors to the library) are vagrants (and only) 20% are real patrons," Grande said. "It's my opinion that librarians intentionally do not enforce their own code because if they did the library would be 80% empty."
Grande told the Sarasota Observer the homeless issue at the library is both a city of Sarasota and a county issue and that it is related to how Five Points Park is operated.
"The problems with the library and park are one," Grande said.
While Grande believes the removal of the park benches three months ago started the problem, he said the library has been serving as a haven for some time for homeless people needing to use a bathroom or to cool off from the outdoor heat.
Grande met with interim Sarasota County Administrator Terry Lewis this week. Lewis is investigating the issue, including undertaking a review of the library's code of conduct.
Lewis told the Sarasota Observer he also would meet with Sarasota Police Department officers who focus on the homeless issues downtown, and he planned to make sporadic visits to the library himself within the next week to observe the situation and talk with the staff.
"I believe the county should hold back on all further funding for the library until they revisit the patron code of conduct for the library," Grande said.
Grande also hopes the city and the county will work together in the future to resolve the issues facing the Five Points Park area.
If the homeless issue at the library could be controlled better, Grande said, the downtown area near Central Avenue would thrive even more.
"The question everyone needs to ask is whether or not the downtown area is better now than it was when the benches were installed there," Grande said. "There's no question that if you poll the residents and business owners of the downtown area, which are directly affected, the answer would be a resounding, yes."
Grande also pointed out that hundreds of benches still exist around downtown, adding that more than 100 seats alone are near the bayfront, and they are mostly unused.
Vice Mayor Terry Turner, meanwhile, also believes the homeless issue revolving around the library and Selby Five Points Park deserves a joint city/county focus. Lewis' commitment to meet with the Sarasota Police Department also confirms that the county plans to work with the city on the issue, Turner said.
"It's not just a county issue," said Turner. "This really affects the city."
Currently 3 Responses
- 1.
- Mr. Grande is a little man. Only little men would make such prima donna and unnecessary statements and go as far as to send people over to a PUBLIC LIBRARY - FREE AND OPEN TO ALL by the way - to 'measure and count homeless people' (how ridiculous and pittyful is that???) Only little men, in mindset would be occupying their time with issues small as these. Let's ask Mr.Grande to do something productive for once. I've been to the library many times and have never witnessed any the malicious acts described by little Mr.Grande. Get a life, get a grip, leave the people alone - we don't need sherif Grande to police the library and the park for that matter. What's next? He won't like the unruly kids? the people in walkers? the red hairs? the left handed people to come in?? is he going to count them and report them too ? shame on you Mr.Little
- 2.
- phil grande,s opinions and views on the homless situation are rather cunfusing. But first lets get some facts cleared up. There is presently no one congengrating on the library steps. And in a way its rather sad to see. When I moved here 4 years ago the library step, the benches in the park across the street and the retaining wall was fill with people sitting around. Yes there were some homless, but the rest were just a mixture of all the people from Sarasota, and visitors.It was a warm and pleasant feeling. Almost like a college campus..Well tye library is an institutinn of knowledge..........Then some people complained about homless people. and the idiots who run the city and all of them by the way live in gated communities and have no concept of the wonderful dynamics that make downtown so intersting, had the benches removed the wall torn, ordered the police to harass anyone sitting or smoking anywhere the library. Well they got thier wish. Now the park the library area is a ghost like wasteland that even the visitors from the US and Europe avoid..........
Sarasota had the reputation as being one mean city when it came to homless people.....What a joke....Every homeless and poor family knows that Sarasota is one city filled with generous people who give their time and money to help people.....There is a saying among the homless "You,ll never go hungry in Sarasota" So Mr Grand just where are you coming from. I believe you are actually just trying to make trouble for the poor. David Cantrell
- 3.
- I wonder if I was counted as a vagrant the last time I visited the library? I admit my wardrobe is not high fashion.
- Feb
27 Lakewood Ranch Republican Club Luncheon
12:00 pm - 1:00 pm - Feb
28 Faith Preschool's Annual Kid's Carnival and Silent Auction
10:00 am - 1:00 pm - Feb
28 Service Club 50th Antiques, Vintage & Collectibles Show
5:30 pm - 4:00 pm - Mar
2 Archie Griffin Celebrity Golf Classic
6:00 am


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The Winesleuth Podcasts
As the Winesleuth I get to meet winemakers, owners, sommeliers, etc., both in London and in my travels to European vineyards (and sometimes beyond). They always have something interesting to say, winemakers, for example, usually have some fascinating tidbit to reveal, whether it's about the soil or the winery dog, most of them are extremely funny and charming, not to mention very generous with their time and wine.
The aim of my podcasts is not to be too technical or dry. I want to capture the joie de vie that is the wine world with my little voice recorder. Most people get into wine not to make money but because they have a passion for the vine and everything that comes from it, from the pomace to the label and everything in between.
I hope you enjoy these podcasts as much as I enjoy making them.
If you have a question, comment or even want to be on the podcast, leave me a comment or drop me line!
Podcast – Louisa Rose, Chief Winemaker of Yalumba, talks about their viognier and shiraz viognier blends
Recently the "Queen of Australian Viognier", Louisa Rose, was in town as...
Neil McGuigan and Vines in the City – podcast
I first met Australian winemaker Neil McGuigan of McGuigan Wines a few years ago when...
Latest podcast- Japanese koshu, Rioja and the wines of Navarra
This episode features one of Japan's few female winemakers, Ayana Misawa, 5th...


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Oct, 2012
If you enter into discussions with anyone in the military/aerospace (mil/aero) community, you'll likely hear "sequestration" more than once. Conversations among defense professionals today invariably touch on the topic, some even escalate into heated, impromptu debates. Reactions and predictions on the topic of sequestration vary wildly among mil/aero professionals. At a recent event in Washington, … Read More
Milaero, Mil-Aero, Military, Software, Buck McKeon, soldier, Technology, Aerospace, Warfighters, Obama, Mentor Graphics, Office of Management and Budget, Mentor.com, President Obama, DoD, Sequestration Transparency Act of 2012, Mentor


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Oceanside Villas
Destination: Isle of Palms
Type: Condo/Villa
Number of Floors: 3
Bedrooms: 2
Baths: 2
A fisherman's delight, Oceanside Villas located on the Isle of Palms offers a place where anglers can cast their lines from an onsite fishing pier, or simply enjoy the view from the balcony of each of these spacious two-bedroom floor plans.
Just across Ocean Boulevard, Oceanside Villas provides access to an onsite pool and beach chair and umbrella rentals for guests wishing to sink their toes into the sandy beach. The complex also has a private tennis court; or guests can step out and walk to fun shopping, great dining options, several of which are oceanfront. Isle of Palms also has a recreation center.
The Isle of Palms is a picturesque location nestled between the Atlantic Ocean and the Intracoastal Waterway providing the perfect backdrop for a peaceful getaway; yet its proximity to city attractions in nearby Historic Charleston and Mount Pleasant ensures that guests experience a wealth of both recreation and relaxation. ResortQuest's Golf Coordinator can assist with tee-times on 18 area courses. The Isle offers something for everyone….festive shops, great dining options, nightlife and entertainment, beachfront volleyball, soccer, a picnic area, nature trails accessible by foot or bike, wildlife tours, kayaking, canoeing and nearby Isle of Palms Marina for boating, fishing, water-sports and eco-tours.
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Closest Airport: CHS | Nearest City: Charleston | Complex | "Oceanside Villas" Check-In Office |
Check-In Information | |||
Check-In Office Name: Isle of Palms 1400 Palm Blvd. Suite N Isle of Palms, South Carolina 29451 Check-In Time: 4:00 PM Check-Out Time: 10:00 AM Open: Sunday - Saturday 9:00AM - 5:00PM 1-843-886-9704 (check-in line) 1-800-803-3231 (office) 1-800-247-5050(reservations) 1-843-886-9840(maintenance) email@example.com After Hours Check-In Procedure: If a guest does not arrive by 5PM their check in packet is placed in an assigned lockbox. The lockbox assignment sheet is sent to NWFL and the LOC after hours MOD. Lockboxes are located under the drive thru next to the ResortQuest East Islands office. Guest can drive around the back of the building and pull in to the center lane of the drive-thru to retrieve their check in packet. An 800 number is posted on the lockboxes and on the front door if assistance is needed. There is also a sign on the front door directing guests to the lockbox location. GPS: Longitude -79.787194 Latitude 32.788068 1-800-803-3231(after hours phone) |
There are currently no active reviews for this property, please click below to be the first guest to provide a review.
Break Away From Winter
Receive 7 nights for the price of 4, or save 15% off†* shorter stays
Promo Code: 7FOR4
Travel Start Date: 08/16/2014
Travel End Date: 03/13/2015
Minimum Night Stay: 3
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Travel Start Date: 03/02/2015
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Travel Start Date: 03/02/2015
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Promo Code: SPRINGFEVER
Travel Start Date: 04/11/2015
Travel End Date: 05/02/2015
Minimum Night Stay: 7
Bedrooms: 2
Baths: 2 Full
Type: Condo/Villa
Sleeps: 6
View: Community View
Proximity: Walk to Beach
Bedrooms: 2
Baths: 2 Full
Type: Condo/Villa
Sleeps: 6
View: Community View
Proximity: Walk to Beach
1 - 3 BR | 1 - 3 BA | Sleeps 4 - 6
2 BR | 2 BA | Sleeps 6 - 8


text: 5 The best Blu-ray transfer you've ever seen!JoblingA | 29/05/2013 | See all JoblingA's reviews (18)Disney and their Pixar movies especially are renowned for their quality in both how good the film is and the quality of the blu-ray transfer, Finding Nemo has exceeded all expectations and is a truly remarkable achievement in every way possible. Of course this is the highest selling DVD of all time, unfortunately the blu-ray doesn't have some of the special features contained in the DVD set but it does contain some brand new features that are quite enjoyable. The film was a remarkable achievement upon release, it won Oscars and made a ton of money, the film was lauded for the advancements it made in animated cinema and computer generated imagery, but the magic really lay in Disney's ability to tell a good heart-warming story. If you haven't seen the film you need to, it's one of, if not the best animated films you'll ever see, every character is lovable, and the fact they could make an innocent little girl the evil villain was genius.The blu-ray itself is incredible, it's been a long time waiting for this to be released but it was so worth it. Every minute of the developers time seems to have been spent on analyzing every square inch of every single frame to remove any imperfection to give us the clearest, most colourful blu-ray experience to date. Pixar have produced some top quality blu-rays over the years and before this Toy Story 1-3 were incredible sets, they don't give us any of those generic menus (yes, that's you Universal) and pointless previews, the dynamic menus and colourful features really add to the regal look of the entire set. The film is colorful itself anyway, but the up-scaling and 1080p conversion has just made the film look even more magical, it's like a whole new experience. The only complaints I have on the blu-ray is that they didn't include many of the special features from the 2-disc DVD, but it seems like Disney/Pixar have put all of their time into developing the film transfer rather than the special features, which is fine by me.


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Latest update : 2011-03-01
Political and social events from the Americas, with exclusive reports and interviews. Our journalists also give you a quirky take on the news! Every Wednesday at 5.45 pm Paris time.
2015-03-04 Benjamin Netanyahu
Netanyahu's speech to Congress divides Washington
This week, Benjamin Netanyahu gets a series of standing ovations in the US Congress, but his speech there angers the Obama administration.
2015-02-26 immigration
USA: Congressional standoff over immigration
This week, another federal shutdown looms in Washington, and this time it could have a very real impact on national security - we tell you more. Next, could one man really be...
2015-02-19 US Congress
US Congress: Israeli PM's upcoming speech sparks divisions
This week, a planned speech by Israeli Prime Minister Benjamin Netanyahu divides Congress and infuriates the White House - we find out why. Also, we head to Venezuela where...
2015-02-11 hostages
Mexico's drug 'Queen of the Pacific' released from prison
This week, the world pays tribute to Kayla Mueller. The 26-year-old aid worker was kidnapped and killed by jihadists in Syria. Also, the "Queen of the Pacific" is free: Mexico's...
Measles continues to spread in the US
This week, a measles epidemic hits the US as anxious parents steer clear of vaccines. Then, hopes of a rapprochement between Venezuela and the US have been seriously undermined...


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PERC—the Property and Environment Research Center—is the nation's first and largest institute dedicated to improving environmental quality through property rights and markets. Founded 35 years ago in Bozeman, Montana, PERC began as a think tank where scholars documented how government regulation and bureaucracy often led to environmental degradation. PERC sought to explore how property rights and markets could play a more direct role in improving environmental quality. From this work originated the idea of free market environmentalism (FME).
PERC researchers began to find real world examples of how FME works on the ground. To encourage the transition of FME from theory to action, PERC established a program to empower individuals—environmental entrepreneurs—by showing them how property rights, contracts, and the market process can be used to improve environmental quality. PERC's Enviropreneur Institute now attracts people from around the globe who are enhancing environmental assets by putting PERC's ideas into practice.
PERC continues to evolve, the newest development being PERC University. The PERC campus is a place where scholars, journalists, policy makers, and environmental practitioners can come together to share knowledge, refine their work, and engage in robust discussion. "PERC U" is flourishing as representatives of many disciplines inspire and push each other to further explore the possibilities and applications of free market environmentalism.
Thank you for supporting our commitment to improving environmental quality through free market solutions.


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46 Kids' Rooms You'll Both Love!
Colorful accents and sophisticated antique finds do have a place in your child's roomright next to their favorite toys.
15 Lightened-Up Desserts to Make Tonight
Enjoy sweet treats without over-indulging with these healthy desserts.
Recipes & Food
Crafts & DIY Projects
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Maternity Sunwashed Tee in Misty Stripes
Maternity Sunwashed Tee in Misty Stripes
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Online Exclusive
 Hand-dyed, sun-bleached desert hues inspired the tee that pretty much defines summer - its special wash highlights unique high and low shades throughout, resulting in an incredibly soft and light style. Rounded V-neck. Short sleeves.


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Skyscraper Base
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Our tabletop tower evokes the same sense of awe and wonder as did skyscrapers built in the 1930s and '40s. The Art Deco design pairs well with our colorful Parker Shade.
- 5" square, 16.5" high
- Cast of iron with silver plating.
- Features a clear cord; polarized plug.
- UL-listed.
- Title 20 compliant lamps will be shipped to CA addresses. Learn more to understand product differences.
- Dimensions & Care
- Overall: 5" square, 16.5" high (without shade)
- Cord: 5' long
- Bulb: 60 watts, type A (not included)
- Weight: 7.5 pounds
- Dust with a soft, dry cloth.
- To protect the finish, do not apply abrasives or household cleaners.
- Clean with a soft dry, cloth or static duster.
- Do not exceed specified wattage.
- Shipping Info
- Please allow 5-7 business days for delivery. Delivery estimate includes monogrammed and gift-wrapped items.
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Sep 4 @ 6:30 pm – 8:30 pm
Good morning bee friends.
Are you harvesting your honey yet? Are you planning to?
Why not come to the Wednesday meeting and bring a sample of the harvesting equipment that you are planning to use/have used. And share. If it's not possible to bring the actual equipment, at lease plan on talking about it so that folks can ask questions. We can all learn something from each other and what better way than picking each others' brains. Bill is bringing that 3 bucket system; I know several others have figured out a way to harvest their honey that works for them – especially if you don't do Langstroth….
So come and share your ideas and equipment and of course your questions.
Hope to see you Wednesday evening.
Bev Rampey


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Smoking cessation - nicotine replacement; Tobacco - nicotine replacement therapy
Nicotine replacement therapy uses products that supply low doses of nicotine. These products do not contain the toxins found in smoke. The goal of therapy is to cut down on cravings for nicotine and ease the symptoms of nicotine withdrawal.
Nicotine replacement therapy is of the most help for people who smoke more than 15 cigarettes a day. It is not yet proven to help people who smoke fewer than 10 cigarettes per day.
Facts about using nicotine replacement therapy:
Nicotine supplements come in many forms:
All of these work well if they are used correctly. People are more likely to use the gum and patches correctly than other forms.
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The nicotine inhaler looks like a plastic cigarette holder. It requires a prescription in the United States.
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Nicotine replacement may not be completely safe in pregnant women. The unborn children of women who use the patch may have a faster heart rate.
Keep all nicotine products away from children.
American Cancer Society. Guide to Quitting Smoking. January 17, 2013. Accessed February 4, 2013.
Fiore MC, Jaen CR, Baker TB, et al. Treating Tobacco Use and Dependence: 2008 Update. Clinical Practice Guideline. Rockville, MD: U.S. Department of Health and Human Services Public Health Service, May 2008. Accessed February 4, 2013.
George TP. Nicotine and tobacco. In: Goldman L, Schafer AI, eds. Cecil Medicine. 24th ed. Philadelphia, Pa: Saunders Elsevier; 2011:chap 31.
Hays JT, Ebbert JO, Sood A. Treating tobacco dependence in light of the 2008 US Department of Health and Human Services clinical practice guideline. Mayo Clin Proc. 2009;84:730-735.
Moore D, Aveyard P, Connock M, Wang D, Fry-Smith A, Barton P. Effectiveness and safety of nicotine replacement therapy assisted reduction to stop smoking: systematic review and meta-analysis. BMJ. 2009;338:b1024.
Stead LF, Perera R, Bullen C, et al. Nicotine replacement therapy for smoking cessation. Cochrane Database Syst Rev. 2012 Nov 14;11:CD000146. doi: 10.1002/14651858.CD000146.pub4.
David C. Dugdale, III, MD, Professor of Medicine, Division of General Medicine, Department of Medicine, University of Washington School of Medicine. Also reviewed by A.D.A.M. Health Solutions, Ebix, Inc., Editorial Team: David Zieve, MD, MHA, Bethanne Black, Stephanie Slon, and Nissi Wang.
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- From the Pen of the Countess
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The Duchess of Cambridge, whose baby is due in mid-July, has worn exactly one maternity outfit in public since her pregnancy was announced in December. The look: a black-and-white polka-dot dress from Topshop's maternity line, which she paired with a black Ralph Lauren jacket (non-maternity) for a visit to Warner Bros. Studios outside London. (She repeated the same outfit this past weekend, to a private wedding in Oxfordshire, England.) Otherwise, Kate Middleton has been recycling bits of her wardrobe and wearing non-maternity designs from labels including Erdem, Mulberry and Tara Jarmon.
Meanwhile, celebrities ranging from Jessica Alba and Halle Berry to Beyoncé and Reese Witherspoon have taken a similar tack, tweaking their wardrobes to accommodate their changing figures or buying the sort of clothes they would have opted for, pre-bump.
Few department and specialty stores offer maternity clothing anymore, because even those women who are not living in palaces — or penthouses — are shopping their closets, adapting their existing wardrobes and choosing to spend their money on pieces that will last long after they have a baby.
RELATED STORY: Designers Sketch Maternitywear for Kate >>
"We do not carry maternitywear anymore at Bloomingdale's, but we have a young customer base — mothers who shop here regularly for maternity clothes," said Stephanie Solomon, the store's fashion director. "Emily Gerne, our manager of business development, has never once bought maternitywear. She is on her second child, and is currently in her eighth month of pregnancy," she said.
According to Solomon, Gerne's bump solutions include Diane von Furstenberg silk jersey wrap dresses (one size bigger than usual), J Brand leggings (worn below the waist) and layers of Splendid T-shirts (they have a long torso). Not to mention, Solomon added, "a great blazer...and borrowing your husband's jeans and rolling up the hem."
Harrods, meanwhile, is catering to the fashionable pregnant shopper in an alternative way. It has two maternitywear concessions — Blossom Mother & Child and 9 London by Emily Evans — on its fourth floor near the babywear and nursery departments. Marigay McKee, Harrods' chief merchant, described Blossom Mother & Child's offering as a "maternity edit," i.e., a mix of versatile looks from non-maternity brands, including M Missoni, See by Chloé and Issa, alongside specialist maternity labels including Paulina and Attesa. The boutique also features a denim bar where designer labels such as J Brand, Seven For All Mankind and AG Jeans are customized with the trademark Blossom belly band at the waist. Harrods' other boutique, 9 London, carries maternitywear exclusively, yet with creative solutions such as one-off vintage pieces and the "Bump in a Box" set by Jenny Rose, which contains a stretch capsule of four must-have items. McKee said both boutiques have seen double-digit growth compared with last year.
Georgina Chapman, designer and co-founder of Marchesa, had her second child in April. She said that, except for jeans, she didn't buy any maternity clothes for either of her pregnancies. "I tried to wear as many pieces from my current wardrobe as possible. Of course, I did make some new purchases, but they were all pieces that I could continue wearing post-pregnancy," said the designer. "While I was at the office, I opted for ballet flats and sneakers, but for evening events I finished my look off with a great heel. I think it's important to stay true to your personal style, even while your body is changing."
The London-based ready-to-wear and bespoke designer Emilia Wickstead, whose clients include the Duchess of Cambridge and Britain's First Lady Samantha Cameron, gave birth to her first child in December. Rather than maternity clothes, she said she "used existing styles out of my own collection, things I would have normally worn belted I wore loose."
Wickstead noted that she's no different from her customers. "I think modern women want quality, investment pieces that they can wear again and again." She added that her alterations for mothers-to-be are minimal — she'll raise a waistline and level a hem to accommodate a growing belly, if needed. "It's pretty straightforward," she said.


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Keeper wrote:@Tasty: I'll be completely honest with you. I had some sweat trickle down my back when I saw that ruthless onslaught of critiquing. Perhaps it's because I've been lacking proper critcism from comments. Secondly, I haven't been drawing like I used to, so that's probably why I'm lacking in skill. I hate to make this sound like I'm ungrateful for your honest opinion, and it really helps me - definitely, but I just feel like it was unnecessary for this particular piece, as I didn't put my heart into it... I just had an idea in my head, and I drew it onto a piece of paper. <:/ Now, if you regarded toward pieces prior to this one, then I take back that whole sentence. XD Anywho, I'll take into consideration your words, and see what I can do. A majority of the issues you see are probably fixed already, I just need to reember how I helped prevent myself from doing them. Srsly, it's been awhile since I've drawn anything traditional. TnT I've had four years of hardcore art classes, so I just need to get up from my lazy ass and commit myself back to them.
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Clogs For Women
Comfort, it's what you've come to expect in every pair of Crocs. That comfort was founded on the classic clogs that Crocs has been known for. Since we first created out classic look, Crocs has developed a wide variety of different clogs to fit any lifestyle and wardrobe. We've even added extra comfort in several of our new styles of clog. See for yourself what all of the hype is about!


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Rising stars discuss their peers, and the next crop of young stars.
The four finals that lie ahead this weekend have the potential to match 1994 for suspense and drama.
More than half of the 40 players shortlisted for this year's All-Australian team are in contention to make the final cut for the first time.
There are few more subjective awards than the Rising Star, perhaps none that are based basically on which player which judge has liked best.