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The Canadian Press - ONLINE EDITION
Business Highlights
US stocks end higher; Dow has its best day of 2014
NEW YORK (AP) — After a rocky start to the week, U.S. stocks roared back on Thursday, giving major stock indexes their biggest gain of the year.
The Dow Jones industrial average and the S&P 500 index each closed up 1.2 per cent, their largest single-day increase since Dec. 18.
The rally helped the market rebound a day after a modest loss and continued a gradual comeback since a plunge of more than 2 per cent on Monday.
Thursday's surge began overseas, where the European Central Bank decided not to cut interest rates. The move propelled major European stock indexes sharply higher.
Then the markets got a dose of good news on the U.S. job market. The Labor Department reported that fewer people applied for unemployment benefits last week.
Fears of slowdown sharpen focus on US jobs report
WASHINGTON (AP) — Fears of an economic slowdown are heightening anticipation of what Friday's U.S. jobs report for January might reveal.
Stock markets have sunk after signs of weaker growth in the United States, Europe and China. Turmoil in developing countries has further spooked investors. The upheaval has renewed doubts about the Federal Reserve's next steps.
Evidence of healthy U.S. job growth would help soothe those jitters. It would suggest that the world's biggest economy is still expanding solidly enough to support global growth.
Eurozone rates unchanged despite deflation fear
FRANKFURT, Germany (AP) — The European Central Bank is sizing up the problems facing the 18-country eurozone before it decides whether to cut interest rates to support the anemic recovery, its president said Thursday.
Weak growth and an unexpected drop in inflation have raised concerns that the eurozone might slide into deflation, a sustained drop in prices that can cripple the economy. The eurozone is among the world's biggest economic blocs, and a slide into deflation would crimp global growth.
But the ECB's governing council left its interest rate benchmark unchanged at a record low of 0.25 per cent at its meeting Thursday. Some analysts had thought it might cut the rate to 0.1 per cent.
SAC Capital ex-trader convicted of insider trading
NEW YORK (AP) — A former SAC Capital Advisors portfolio manager was convicted Thursday of helping his company earn more than a quarter billion dollars illegally through trades based on secrets about the testing of a potential breakthrough Alzheimer's drug.
The verdict capped a three-week trial that featured testimony from two prominent doctors who confessed to spilling secrets to Mathew Martoma during lucrative consultations. When prosecutors announced the case in November 2012, they said it may be the most lucrative insider trading scheme of all time.
Martoma watched the jury without expression as the jury forewoman announced he was guilty of two counts of securities fraud and conspiracy to commit securities fraud. Tears streamed down the face of his wife, Rosemary, whose hands were folded on her yellow dress. No sentencing date was set.
US cos. push voluntary labels on modified foods
WASHINGTON (AP) — America's large food companies are trying to head off efforts to enact mandatory labeling of genetically modified ingredients by proposing new voluntary labels nationwide.
The food industry and farm groups are pushing Congress to pass legislation that would require the Food and Drug Administration to create guidelines for the new labels, which food manufacturers could use.
A federal standard for voluntary labels would get food manufacturers off the hook if any U.S. states pass laws requiring mandatory labeling. Recent ballot initiatives in California and Washington failed, but several state legislatures are considering labeling requirements and opponents of engineered ingredients are aggressively pushing new laws in several states.
New rules would ensure safety of infant formula
WASHINGTON (AP) — The Food and Drug Administration is laying out new requirements to ensure the safety of infant formula.
The rules announced Thursday are designed to make sure that formula manufacturers test their products for salmonella and other pathogens before they are distributed. They would also require formula companies to include specific nutrients, including proteins, fats and vitamins.
Most formula manufacturers follow these practices already, but the rules will ensure that new formulas on the market also comply with the requirements. It would also allow the FDA to better enforce those requirements.
Applications for US jobless aid fall 20K to 331K
WASHINGTON (AP) — The number of people applying for U.S. unemployment benefits declined 20,000 last week to 331,000, suggesting that Americans are facing fewer layoffs and better job prospects.
The Labor Department said the four-week average, a less volatile measure, ticked up 250 to 334,000. That remains near pre-recession levels and serves as evidence that job losses have waned.
A total of 3.47 million Americans received benefits as of Jan. 18, down from 3.58 million the week before.
Unemployment bill stalled anew in Senate
WASHINGTON (AP) — Senate Republicans narrowly blocked the advance of legislation to restore benefits for the long-term unemployed on Thursday for the second time in less than a month, and Democrats said they intended to call yet another vote on the issue.
The White House called the outcome disappointing.
The measure called for a three-month renewal of an expired program that provided up to 47 weeks of federal benefits when state-paid aid runs out, generally after 26 weeks. The cost was estimated at slightly more than $6 billion over a decade. It would have been offset by lowering pension obligations for some companies, a step that would have increased their taxable income.
Wider trade gap may mean slower Q4 economic growth
WASHINGTON (AP) — The U.S. trade deficit widened in December after hitting a four-year low in November. But for 2013, the gap reached its lowest point since 2009 as exports rose to a record.
Analysts said the larger-than-expected trade deficit for December would likely reduce estimates of growth in the October-December quarter. The government had initially estimated fourth-quarter growth at a 3.2 per cent annual rate. But economists at Barclays say the bigger December gap could reduce that estimate to a 2.8 per cent rate.
The trade deficit rose to $38.7 billion in December, a 12 per cent increase over November, the Commerce Department said Thursday. Exports slipped 1.8 per cent to $191.3 billion. Imports rose 0.3 per cent to $230 billion.
US productivity grew at 3.2 per cent rate in Q
WASHINGTON (AP) — U.S. productivity growth slowed in the fourth quarter while labour costs kept falling. For the year, productivity turned in another weak gain.
Productivity grew at an annual rate of 3.2 per cent in the October-December period, down slightly from a 3.6 per cent growth rate in the third quarter, the Labor Department reported Thursday. Labor costs fell at a 1.6 per cent rate in the fourth quarter after an even bigger 2 per cent rate of decline in the third quarter.
For the year, productivity rose a slight 0.6 per cent, down from a 1.5 per cent increase in 2012, and the weakest performance since an 0.5 per cent rise in 2011. Labor costs edged up a slight 1 per cent in 2013, continuing a trend of modest gains in labour costs.
Average US rate on 30-year loan at 4.23 pct.
WASHINGTON (AP) — Average U.S. rates for fixed mortgages fell this week as the latest data continued to indicate a pause in the housing market's recovery.
Mortgage buyer Freddie Mac said Thursday the average rate for the 30-year loan declined to 4.23 per cent from 4.32 per cent last week. The average for the 15-year loan dipped to 3.33 per cent from 3.40 per cent.
Mortgage rates have risen about a full percentage point since hitting record lows roughly a year ago. The increase was driven by speculation that the Federal Reserve would reduce its $85 billion a month in bond purchases. Saying the economy was gaining strength, the Fed pushed ahead last week with a plan to reduce the bond purchases, which have kept long-term interest rates low.
By The Associated Press=
The Dow Jones Industrial average jumped 188 points, or 1.2 per cent, to close at 15,628 Thursday.
The Standard & Poor's 500 index rose 21 points, also 1.2 per cent, to 1,773. It was the best gain for both indexes since Dec. 18. Both are still down about half a per cent for the week following a steep drop on Monday.
The Nasdaq composite gained 45 points, or 1.2 per cent, to 4,057.
Benchmark U.S. crude for March delivery rose 46 cents to close at $97.84 a barrel on the New York Mercantile Exchange, after earlier rising near $99.
Natural gas prices were volatile again, and futures ultimately fell 10 cents to close at $4.83 per 1,000 cubic feet.
Brent crude, a benchmark for oil sold internationally, gained 94 cents to $107.19 on the ICE exchange in London.
Wholesale gasoline gained 4 cents to $2.68 a gallon and heating oil was unchanged at $3 a gallon.
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Discover the exhilarating risks of passion in the breathtaking new Psy-Changeling novel by Nalini Singh, the New York Times bestselling �alpha author of paranormal romance� (Booklist)�
Adria, wolf changeling and resilient soldier, has made a break with the past�one as unpredictable in love as it was in war. Now comes a new territory, and a devastating new complication: Riaz, a SnowDancer lieutenant already sworn to a desperate woman who belongs to another.
For Riaz, the primal attraction he feels for Adria is a staggering betrayal. For Adria, his dangerous lone-wolf appeal is beyond sexual. It consumes her. It terrifies her. It threatens to undermine everything she has built of her new life. But fighting their wild compulsion toward one another proves a losing battle.
Their coming together is an inferno�and a melding of two wounded souls who promise each other no commitment, no ties, no bonds. Only pleasure. Too late, they realize that they have more to lose than they ever imagined. Drawn into a cataclysmic Psy war that may alter the fate of the world itself, they must make a decision that might just break them both.
Nalini Singh is passionate about writing. Though she�s traveled as far afield as the deserts of China and the temples of Japan, it is the journey of the imagination that fascinates her the most. She�s beyond delighted to be able to follow her dream as a writer.
Nalini lives and works in beautiful New Zealand. For contact details and to find out more about the Psy-Changeling series, please visit her website www.nalinisingh.com.
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ABC Orders Four More Episodes of 'Shark Tank' (Exclusive)
The Hollywood Reporter also debuts an exclusive clip from Friday's holiday-themed edition.
ABC wants more Shark Tank.
The network has picked up four more episodes of the unscripted series. Combined with the two additional episodes ABC ordered in October, as The Hollywood Reporter first reported, this brings the total order for season five to 28 episodes.
PHOTOS: THR's Reality Heat List
The news comes as the show continues to perform well in the ratings, consistently winning its time period in the 18-49 and 25-54 demos.
Last week's first-run episode averaged 7.5 million viewers and a 2.0 rating among 18-49, doubling its lead-in in the demo. Season to date, Shark Tank has gained 14 percent in 18-49 over the same time last year, marking the show's best performance ever.
Shark Tank, produced by Sony Pictures Television, airs at 9 p.m. Fridays on ABC. In this season, the sharks -- Lori Greiner, Robert Herjavec, Kevin O'Leary, Daymond John, Barbara Corcoran and Mark Cuban -- will offer budding entrepreneurs a total of over $20 million, a series record.
STORY: 'Shark Tank's' Lori Greiner, Robert Herjavec Preview Season 5, Answer Burning Questions
The Hollywood Reporter debuts an exclusive clip from this week's holiday-themed episode that features the company Tipsy Elves pitching their modern-day ugly holiday sweaters to the sharks.
Other entrepreneurs in this week's episode include a man from Lubbock, Texas, who believes his colorful, magnetic light strands hold the solution to one of the holiday's biggest headaches; a man from San Diego with a Christmaskah item for interfaith families; and a model and hairstylist who present their luxurious clip-in hair extensions.
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The Canadian Press - ONLINE EDITION
Canada's Bouchard advances at Australian Open with 6-2, 6-2 win over Davis
MELBOURNE, Australia - Montreal's Eugenie Bouchard reached the fourth round of a Grand Slam for the first time on Friday as the 30th seed beat American Lauren Davis 6-2, 6-2 at the Australian Open.
Bouchard, 19, became the first Canadian woman to reach the round of 16 in Australia since Maureen Drake in 1999. Alexsandra Wozniak of Blainville, Que., got this far at the French Open in 2009 before losing to Serena Williams.
"I thought I played well, tried to be aggressive, really tried to control the point,'' said Bouchard.
Davis, No. 68 on the WTA's singles list, lost in 70 minutes as both players battled on the fifth day of a record heat wave and temperatures in the mid-40s C.
"It was definitely hot today, the hottest I felt in any of my matches so far," said Bouchard. "I was happy to win in straight sets."
Bouchard, the 30th seed, will next play unseeded Australian Casey Dellacqua, who beat Zheng Jie of China 6-2, 6-4
Bouchard earned her quick win on a second match point, which she set up with a forehand winner in the corner after a 16-shot rally.
The Montrealer took a 5-1 lead in the opening set but failed to serve out in the next game, with Davis climbing to 2-5. Bouchard took the opener in the next game before taking control and running out the victory.
Bouchard ended the match with four aces, breaking on five of eight chances, with 18 winners and 23 unforced errors.
"I always want to do better, I think it's just a step in the process," Bouchard said of her fourth-round achievement.
"I'm trying to always improve on the court. I think I played better today, that's what I'm most happy about."
Dellacqua, unseeded in Melbourne and ranked No. 120 in the world, said she will face a battle against what she called Bouchard's great server.
"It's going to be another challenge for me ... I know it will be tough against Eugenie."
Bouchard also won her opening doubles match with last-minute partner Vera Dushevina of Russia. They defeated beating Yalena Solovieva and Elena Svitolina of the Ukraine 6-3, 6-1 in a meeting of unseeded pairs.
Milos Raonic of Thornhill, Ont., the 11th seed, will play his third round match on Saturday against No. 22 Grigor Dimitrov of Bulgaria.
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Savita Halappanavar's husband hints authorities tampering with evidence
Top Stories
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Praveen Halappanavar, husband of an Indian dentist who died due to pregnancy-related complications after being denied abortion in Ireland, says the medical notes made available to him do not contain their repeated pleas for a termination, but mention trivial requests for tea and toast.
"They have all the other information including requests for tea and toast and for an extra blanket, all of that is in the notes, but the important information about requesting the termination is not," Praveen, whose 31-year-old wife Savita died on October 28 at Galway University Hospital, said.
The detailed medical records from the hospital, which were made available to Praveen, do not include doctors' notes for Monday, October 22 the day the couple first requested a termination. While doctors' notes are available for Tuesday, October 23, they make no reference to the requested termination which was reiterated on that date.
Praveen described how the missing information had destroyed his faith in the Irish Republic's Health and Safety Executive (HSE).
"It's time to get the facts and the truth for Savita," he was quoted as saying by Belfast Telegraph.
"I don't have any faith in the HSE. I saw (the files) earlier this week. It was a blow and that was the reason why we never wanted the HSE inquiry," said Praveen, who has been demanding a full public probe.
It has also emerged that a number of clinical notes were added to the file after Savita's death.
However, none of these refer to the termination request.
Tony O'Brien, head of the HSE, has asked the patient safety watchdog, the Health Information and Quality Authority (HIQA), to begin a separate investigation.
Meanwhile, Irish President Michael D Higgins, who earlier said the probe into Savita's death must meet the needs of her family as also the State, defended his intervention in the row.
... contd.
Editors' Pick
- BJP projected to sweep Gujarat, Rajasthan, Karnataka; Congress to get big jolt in Maharashtra
- Editors body slams Arvind Kejriwal for 'irresponsible' media remark, says it is a sign of 'weakness'
- Trouble in alliance with Congress, TRS turns to BJP
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- Delhi HC upholds death sentence of four convicts of Dec 16 gangrape


text:
Town Square
Woodside: Mixed opinions on Webcasting town meetings
Original post made on Nov 3, 2007
Read the full story here Web Link posted Wednesday, March 21, 2007, 12:00 AM
Comments (1)
on Nov 3, 2007 at 5:08 am
What about shut-ins and the disabled who cannot attend public meetings? Webcasting opens government to everyone.
Albert McGilvray
Martinsburg, WV
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text:
On the inefficiency of portfolio insurance and caveats to the mean/downside-risk framework
Portfolio insurance strategies based on options typically treat the investment in the risky asset, e.g., stock, as fixed. We show in a mean/downside-risk framework that such a strategy is inefficient. Using at the money put options, expected returns can be increased by more than 250 basis points without taking on more risk. Gains can become arbitrarily large when one uses options with extremely high strike prices. This is due to a serious caveat to the mean/downside-risk framework that is typically adopted in the literature by substituting downside-risk measures for standard risk measures such as the variance of returns. These pathologic results vanish when one maximizes an appropriately chosen HARA utility function. In this framework, fixing the holding of the risky asset in advance leads to efficiency losses that vary between 250 and 650 basis points depending on the degree of risk aversion.Download Info
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.Bibliographic Info
Paper provided by VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics in its series Serie Research Memoranda with number 0057.Length:
Date of creation: 1998
Date of revision:
Handle: RePEc:dgr:vuarem:1998-57
Contact details of provider:
Web page: http://www.feweb.vu.nl
Related research
Keywords: mean/downside-risk efficiency; option strategies; optimal portfolio choice; portfolio insurance; downside-risk.;Find related papers by JEL classification:
- G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
This paper has been announced in the following NEP Reports:
- NEP-ALL-2002-03-14 (All new papers)
References listed on IDEASPlease report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Philip H. Dybvig, 1987.
"Inefficient Dynamic Portfolio Strategies or How to Throw Away a Million Dollars in the Stock Market,"
Cowles Foundation Discussion Papers
826R, Cowles Foundation for Research in Economics, Yale University, revised Jan 1988.
- Philip H. Dybvig, 1988. "Inefficient Dynamic Portfolio Strategies or How to Throw Away a Million Dollars in the Stock Market," Review of Financial Studies, Society for Financial Studies, vol. 1(1), pages 67-88.
- Hayne E. Leland., 1996. "Beyond Mean-Variance: Performance Measurement of Portfolios Using Options or Dynamic Strategies," Research Program in Finance Working Papers RPF-263-rev, University of California at Berkeley.
- Merton, Robert C & Scholes, Myron S & Gladstein, Mathew L, 1978. "The Returns and Risk of Alternative Call Option Portfolio Investment Strategies," The Journal of Business, University of Chicago Press, vol. 51(2), pages 183-242, April.
- Merton, Robert C & Scholes, Myron S & Gladstein, Mathew L, 1982. "The Returns and Risks of Alternative Put-Option Portfolio Investment Strategies," The Journal of Business, University of Chicago Press, vol. 55(1), pages 1-55, January.
- Philippe Artzner & Freddy Delbaen & Jean-Marc Eber & David Heath, 1999. "Coherent Measures of Risk," Mathematical Finance, Wiley Blackwell, vol. 9(3), pages 203-228.
- Black, Fischer & Scholes, Myron S, 1973. "The Pricing of Options and Corporate Liabilities," Journal of Political Economy, University of Chicago Press, vol. 81(3), pages 637-54, May-June.
- Dert, Cees & Oldenkamp, Bart, 1997. "Optimal guaranteed return portfolios and the casino effect," Serie Research Memoranda 0025, VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics.
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Space, Hugh Laurie, Stephen Fry, science, comedy, history, architecture, transport, scenery, food, art, Olympics, Paralympics, flowers, cats, dogs, more.
Bird Steals Camera Camouflaged in a Fake Egg and Records Aerial Footage With It
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Here's an extended look at Sir David Attenborough having a little chat with an adorable tawny owl. Take a look!David Attenborough's Natural Curiosities returns this Autumn only on Eden.
What is the difference between humans and animals?
Trailer for BBC's Wonders of Life, presented by Professor Brian Cox. Music by Eric Idle and David Schweitzer.
Lake District, England, UK
Morning sun over East Iceland
Sea Holly, Isle of Man
nature, man
The wild bluebells of the woodland near Coton, Northamptonshire. Bluebells are actually hyacinths; I think this is one of three flowers I can name. (kev747 on flickr; who also has a tumblr here)
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MR Asks Coalition Partners For Their Stances By Tomorrow
[ Sunday Leader ] - [ Apr 22, 2012 11:26:54 GMT ]The coalition parties in the governing UPFA are to submit in writing tomorrow (23) the position of each party on the implementation of the Lessons Learnt and Reconciliation Commission (LLRC) recommendations. The 14 coalition parties in the People's Alliance government have been directed by President Mahinda Rajapaksa to hand over in writing to the Presidential Secretariat their stance on the recommendations of the LLRC and its implementation. Rajapaksa had issued this directive at a meeting with the coalition party leaders last Wednesday before the weekly Cabinet meeting. [ full story ]
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Scholarship Award to Student for Outstanding Essay 2014 - New Technologies: Refashioning a Tamil Identity


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f the universe feels a little smaller today, it might be because NASA confirmed that Voyager 1 has become the first human-made object to leave the solar system and enter the vast, unexplored area known as interstellar space.
It's a feat few could have imagined when the tiny probe began its journey in 1977, when the kids back on Earth were wearing bell-bottoms and Star Wars first hit theaters.
"I don't know if it's in the same league as landing on the moon, but it's right up there — Star Trek stuff, for sure," says Donald A. Gurnett, a University of Iowa physics professor and co-author of a paper published Thursday in the journal Science about the news. "I mean, consider the distance. It's hard even for scientists to comprehend."
Here, a look at some of the numbers that illustrate how far Voyager 1 has gone:
11.7 billion
Miles Voyager 1 has traveled since it set off on what was supposed to be a mere four-year mission to fly by Jupiter and Saturn. It then swung around the ringed planet, using it like a slingshot to power itself past Pluto. "It's still taking data and telling us what it's actually like out there," says Marc Swisdak, a University of Maryland research scientist who has worked with Voyager data but was not involved in the new study.
9.5 billion
Miles the spacecraft's twin, Voyager 2, has traveled since it departed 16 days after Voyager 1. Voyager 2 also checked out Jupiter and Saturn, then flew past the two gaseous planets Uranus and Neptune.
Years the Voyager probes have been in space.
Vintage eight-track tape recording system the Voyager 1 has aboard, to collect data. The probe, which is about the size of a subcompact car, has a device that converts vibrations of excited plasma particles into audible sound, and also carries instruments to examine magnetic fields, cosmic rays, and solar wind.
Number of Voyagers it would take to match the computer memory on a low-end iPhone.
Speed, in miles per hour, at which Voyager 1 is continuing to push farther from home.
Years it will take Voyager 2 to join its sibling in interstellar space.
Years the Voyager crafts have left before they run out of nuclear fuel, according to engineers, at which point scientists will have to power down their instruments.
Watts Voyager 1's transmitter uses to send data back to Earth.
Hours it takes for Voyager's signals to reach NASA's Jet Propulsion Laboratory in Pasadena, Calif.
Years it would take Voyager 1 to leave what some scientists consider to be the true edge of the solar system, beyond distant comets that orbit the sun.
Sources: CNN, Los Angeles Times, NASA, New York Times, Washington Post
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Blood Sweat and Heels Season: 1 The ladies must brace themselves for more tears, digs, and fights.


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Murder One Season: 1 Episode: 2 Hoffman decides to take on Neil's case after a discussion with David Blalock. At home, his wife expresses her concern.
Cable Highlights The MHP panel talks about the issues facing our water infrastructure, from water pollution to water droughts and shortages.
Cable Highlights Alex Witt talks to NBC News Olympic Security Analyst Andrew Weiss about the current state of affairs at the Sochi Olympics and Russia.


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Beamer Interviews with Miss. State; Staying at USC
File this away under news that could have been interesting but Special Teams/Recruiting Coordinator Shane Beamer interviewed with Mississippi State this past week as a potential candidate for co-defensive coordinator. Beamer once coached at Mississippi State before heading to USC. Miss. State's DC Manny Diaz left to take the DC job at the University of Texas.
Chris Clark of GamecockCentral.com has reported this news earlier today on the radio about Beamer and his potential deflection. Some Gamecock fans could have been happy if he had left because they felt his special teams were under-performing as a whole. I could see some argument to that. We're one of the worst return teams in the SEC. However, from a recruiting standpoint, it would have killed South Carolina to lose Beamer at this stage of the game. He's vital to USC's success in the recruiting area and has done a fantastic job there helping to bring in more and more top notch talent.
I thought this was an interesting story and worth publishing in case you didn't see this today. Since we are in the doldrums of no more college football, this is more than likely the type of stuff you'll see till the start of spring practice. Well there is recruiting...


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MDOT to unveil new 'smart roadside' system
by Wally Northway
Published: December 8,2010
Tags: federal government, state government, transpotation, travel, trucking
RICHLAND — The Mississippi Department of Transportation (MDOT) is holding a press conference today on U.S. 49 South in Richland to demonstrate and discuss the implementation of the Smart Roadside System equipment. The system is recommended by the federal government to sort commercial vehicles, allowing enforcement officers to focus on carriers with low safety ratings and out-of-date credentials.
The Federal Motor Carrier Safety Administration (FMCSA) awarded the MDOT Office of Enforcement a $3.5-million Commercial Vehicle Information Systems and Networks (CVISN) grant.
Since Jan. 1, MDOT reports its officers have inspected 63,432 of the 80,015 commercial vehicles inspected in Mississippi. With truck traffic increasing and resources decreasing, MDOT is utilizing "smart roadside" technology to inspect and weigh vehicles while they are traveling at regular speeds.
Mississippi, using a three-prong approach to cover the entire state and tie into a central database for sharing information, is the first state in the United States to implement this system, according to MDOT.
The area on U.S. 49 South in Richland will have the latest technology in smart roadside applications set up today. Virtual weigh stations are installed on secondary roads used to by-pass the fixed scales and a mobile SRIS van (one of two in the nation) with infrared capability is deployed for use in remote areas or on highways without scales.
Weigh-in-motion (WIM) sensors, license plate and DOT number readers and overhead and infra-red cameras send information and images to data bases using wireless connections to obtain information on a truck that triggers the process at one of the installations.
To sign up for Mississippi Business Daily Updates, click here.
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12 3 / 2014
Did you think because you touched me you know me? You are only one who has held me while I have galaxies growing inside me.
(Source: thatgregorygirl)
09 3 / 2014
"If you pick a point far behind them they perceive you as not seeing them, and you're the obstacle they have to get around. There is a way of just shadowing through. The higher the walls, the more dark the windows, the bigger the sunglasses — the more people are going to look. The greatest disguise is learning how to be invisible in plain sight."
06 3 / 2014
"A good critic is trying to tell you what she has learned about herself from the reading of a particular piece of literature. A bad reviewer is often trying to tell you how smart he is by declaring whether or not he liked a particular book."
Kevin Guilfoile in the commentary on our first day of judgment at The Morning News Tournament of Books - Presented by Field Notes
Join us for a ToB celebration here on March 24!
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06 3 / 2014
"Bravery is believing in yourself, and that thing nobody can teach you."
01 3 / 2014
"This isn't a poem,
it's a 3 am conversation on your basement couch
and a quiet night spent on the bench next to the lake.
I can never write poems about you,
because it's impossible to write a poem
about poetry itself."
(Source: hellopoetry.com, via now-this-is-living)


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Everything we need to catch up on mad Men before the April 13th season premiere.
First: The Don Draper Edition.
Everything we need to catch up on mad Men before the April 13th season premiere.
First: The Don Draper Edition.
It's Don Draper, circa 1969.
Note that Don hasn't changed his outfit that much (his suit actually reminds me of my grandfather), but that the women who surround him certainly have.
Does everyone remember Don's pitch for the Hawaiian Resort back at the beginning of the season. A man arrives, he strips off all his clothes and disappears.
Tonight, Don did just that. He stripped away his barrier between himself and Dick Whitman that's stood all these years. In the process he lost his job, he lost his wife and he lost his children. As we looked upon SC&P and the end of the episode, he was gone. Disappeared. At his desk, now head of creative: Peggy Olson.
"My father has never given me anything."- Sally
So after last week's absolute horror show, Sally has decided she wants to go to boarding school. Don's been on a bender apparently since it happened, and is so relieved/guilty/drunk when Betty calls with the news that he's all for this. He'll pay for all of it! Sure! Fine! So off to Miss Porters School goes Sally, to interview for an escape from the hell she was born into. I'm a little stunned, but mostly disappointed. I wanted her to go full on stoner hippie. Running away from the family is such a Don like move–I just thought she'd do it via drugs instead of physically.
"Couldn't it be that if someone took care of you — very good care of you — if this person would do anything for you — if your well-being was his only thought — is it impossible that you might begin to feel something for him?" -Bob Benson
So Bob is gay. We have our proof tonight, as he makes a pass at Pete, though it was sort of weird and underhanded and might have been missed if he hadn't touched knees with Pete afterwards. Not only is Bob gay, but his nurse friend Manolo, the one that he got for Pete's mother is also gay. Unfortunately *that* couldn't be kept secret, especially after Mrs. Campbell is going around making it sound like she and Manolo are getting it on. Pete's is about to fire Manolo for sleeping with his mother, until Bob explains that could only be the product of Mrs. Campbell's fantasies, as Manolo doesn't like the ladies, er, you know what he means? So instead Pete takes out his freak out over Bob's pass by firing Manolo for the crime of being socially sexually unacceptable, and calls being gay "disgusting."
We have a company name: Sterling Cooper & Partners. "It's the only thing that's offensive to all." When in doubt, offend everyone.
It's certainly the creed of those rebelling in 1968. Rebellion is everywhere–in the dress code, in the culture and now, in the streets. Yes, we have reached the 1968 Democratic National Convention. Yes, it was in another city than the two we visit tonight, but that didn't mean it wasn't on television affecting the under current. It upset Megan, who sided with the protesters. It upset people like Cutler, who see the protesters as long haired horrors. Better yet, it caused Ginsberg to start spouting words like "fascist." That's always a good time.
But the biggest rebellion of them all this week was The Rebellion of Joan Harris.
We can all blame Tom and Lorenzo and their fantastic Mad Style posts for bringing this up, because now it's spreading like wildfire. (Seriously, you watch Mad Men and don't read these, you are missing out.)
Megan's outfit mimics Abe's; this time, almost exactly. The bold red star stands in for the bold red gut wound Peggy administered to Abe. There was some initial discussion about whether this iconic-style T-shirt was really 1968-accurate. Not only is it accurate, but it was seen on Sharon Tate in a spread for Esquire magazine the year before (picture NSFW). Janie confirmed on twitter that this was a deliberate choice. That is INSANELY ominous. There's a growing sense of impending violence with each episode and we've been treated to some stabbing imagery this season (Abe and Stan), so any deliberate references to Sharon Tate are bound to get the hairs standing on end.
"Status quo, ante bellum." – Arlene
Don is finally not the only one kissing other women in this marriage. Megan's (bisexual? closet lesbian?) co-star Arlene, who we last saw trying to get both Don and Megan into bed with her and her husband decides it time to try to just get Megan into bed, husbands need not apply. The scene between them as Megan cluelessly gives off all the wrong signals and suddenly finds herself in a very embarrassing situation was almost as funny as the sight of her as her "twin" in a blonde wig on their terrible soap opera.
But when it comes to funny, nothing beats Peggy stabbing Abe with a harpoon.
Let us all pity Ken and his job. Then let us admire his "It's My Job" dance:
Update: It is now on youtube (albeit backwards):
Revel in the glory.
This is "SCDPCC."
This is "SCDPCC" on drugs.
Any questions?
I suppose it was time for us to have another Lost Weekend with Don, but this time without the booze. I mean, seriously, Joan was absent for one episode (and Pete down to a 30 second cameo) and THIS is what happens? Dr. Hecht arrives with serum for everybody! I guess it's sort of a parallel to Sterling's LSD doctor that Cutler has a speed freak doctor, but holy hell. "Complex vitamin superdose," my eye. No complex vitamin superdose would send someone with a weak heart to the hospital with cardiac arrest. (No, it was someone from CGC's creative team, not Roger. I'm sure you were all concerned too.)
"Move forward." -Peggy
This week saw the death of Bobby Kennedy. I actually was starting to wonder, when we'd reached the half way mark and he wasn't dead yet that perhaps they were saving that until next week. But then someone mentioned his name and I knew it had to be coming. I guess it was about time they used an historical event as an episode button. It also revealed the point of this week: those who do not understand their history are doomed to repeat it.
There was lots of repetition in this week's episode, and not just by characters like Don who can't stop making the same mistakes over and over. There was the repetition of roles in the workplace as SCDP and CGC merge together into one office. (There's still no official name for the company. SCDCC I presume?)


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Tony Luke's Intros Cross-Country Cheesesteak Delivery
By Danya Henninger
November 20, 2013
Photo by: Danya Henninger
Good news for Philly ex-pats and lovers of real cheesesteaks around the country - and anyone looking for a unique gift option. Famous Philadelphia cheesesteakerie Tony Luke's (which has nearly 20 locations along the East Coast and two in Bahrain) has just introduced a new delivery service, offering all the ingredients needed to make cheesesteaks or roast pork sandwiches shipped anywhere in the U.S.
Orders include enough rolls, pre-sliced rib-eye or pork au jus, cheese and toppings (onions for the cheesesteak, broccoli rabe for the pork) to make eight sandwiches. For your $117.76, you also get the South Philly Cookbook and The Cheesesteak Anthem music EP.
Before you check out, you have the option to add other accoutrements, such as long hots, roasted peppers, spinach or mushrooms for $12.95 each. Everything is shipped frozen along with instructions and recipes for recreating a sandwich nearly as good as the original. Place your order here.
Note: The new website originally listed spinach as coming on the roast pork sandwich instead of rabe, which had us a bit miffed, but Tony Luke's reached out to assure us that it was an error and that it is being corrected as we type.


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RATINGS: 218 WEIGHTED AVG: 3.88 SEASONAL: Special IBU: 82 EST. CALORIES: 225 ABV: 7.5%
COMMERCIAL DESCRIPTION Keg & Bottle conditioned; regular. Has been seen on Cask. Full bodied jet-black ale with a pale-tan head. Abundant fresh hop aromas suggesting zesty citrus pulp and forest fruits.
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Kirilenko beats Mattek-Sands in French 4th round - 0 Comments
PARIS — Russia's Maria Kirilenko reached her first French Open quarterfinal by ending the surprising run of 67th-ranked American Bethanie Mattek-Sands with a 7-5, 6-4 victory Monday.
The 12th-seeded Kirilenko lost in the fourth round at Roland Garros in 2010 and 2011.
She trailed 4-1 at the start against Mattek-Sands, who stunned 2011 French Open champion Li Na in the second round.
But Mattek-Sands' lead began slipping away, and while ahead 5-4, she asked for medical attention. From there, Kirilenko won four games in a row.
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Does anyone have any experience with Tiger Airlines? Is it as good as Singapore Airlines? We're flying from Singapore to Saigon in mid-December.
Tiger Airlines
3 Replies | Jump to last reply |
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Tiger Airlines is a budget carrier, so no, it isn't as good as Singapore Air.
Do a seaerch here (use the little box at teh top if the Page and type in Tiger Air) as several Fodorites have used Tiger Air. -
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I flew with them lat Nov SIN to Krabi
EXCELLENT value, good comfy seats VERY strict baggage policy BUT i knew that when i booked. Even with the excess baggage charge still good value for money -
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Singapore Airlines is top airline (they have many reward and vote from travellers) especially for in-flight entertainment for economy class (all flight.
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See the online vehicle inventories of Prince George FIAT dealers at the Autobytel.com website. Search for new or used cars in a variety of different ways including by: year, make, fuel economy, price, or location. Find FIAT dealers in Prince George with ease. Buying an automobile can be a big decision. Do some legwork by studying all the various options to get the most out of your investment. See the inventory Prince George FIAT dealers currently have on-hand.
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Get much more than just automobile sales at a FIAT dealer Prince George. Respectable Prince George FIAT dealerships will also have new car leases available. Stop by the parts and accessories area of a Prince George FIAT dealer if you need a replacement part. If you buy a new vehicle then most often FIAT dealers in Prince George will offer the first few service appointments for free since service is covered under the new car warranty. In the event that your vehicle breaks down and the warranty has already expired; you can get repairs done at various Prince George FIAT dealers. Rounding out the other services a FIAT dealer Prince George may offer are collision and insurance estimates and a tire center.
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When I think about the perfect burger just a few ingredients come to mind-- beef, cheese, lettuce, onion, tomato, ketchup. Classic. Simple. But the people at Basically Burgers in Doylestown are much more creative when it comes to art of burger-making.
The menu at this small Main Street location is enough to evoke awe and quite possibly fear at some of the creative combinations. For instance, you'll find the Pizza Burger (pictured) which consists of Marinara Sauce, Provolone Cheese, Pepperoni and Italian Seasoning a favorite at this establishment. Then there is the heart-stopping Mac & Cheese Burger-- which is exactly what it sounds like-- consisting of Mac & Cheese, grilled tomatoes and cheddar all on top of a patty. And if you like spicy stuff, you can always try the 6 Alarm Burger. But beware-- this one contains Hot Pepper Jack Cheese, Jalapenos, Horse Radish, Cayenne Pepper, Hot Sauce and Cajun Seasoning all mixed together!
Other unusual burgers on the menu include the Taco Burger, Reuben Burger and Jalapeno Popper Burger.
Of course the restaurant also serves up the more traditional fare for those with a tamer appetite. And the best part is that you call the shots when it comes to the type of burger you order. The menu boasts veggie patties, vegan burgers, black bean burgers, salmon burgers, turkey burgers and even ostrich and bison burgers in addition to their beef offerings.
So if you're craving something slightly out of the ordinary, make sure to stop in to Basically Burgers located at 33 N Main Street in Doylestown. They are sure to have something to tempt your appetite.


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Smart Money
BY Neal Broverman
November 05 2008 12:00 AM ET
Has there ever been a time we've needed Suze Orman more? With marriage changing the financial equation for thousands of gay couples and the world economy teetering on collapse, the money guru's sage counsel has become required reading, viewing, and listening.
Orman also knows that holding on to one's money is a defensive tactic for gay men and lesbians. Looking like Queen Elizabeth rallying her troops, she unleashed a financial call to arms at the Human Rights Campaign's national dinner in October in Washington, D.C.
"Money speaks volumes, people," roared the 57-year-old as she accepted the group's National Equality Award. "It speaks louder than you have any idea. And for you and me and all of us to truly change what's going on in this world you have got to be financially powerful. You cannot be in debt; you cannot have financial bondage if you want to set yourselves free."
Orman had the crowd in the palm of her hand, keeping them at attention for almost 20 minutes. Her main point -- the same message she expresses on her CNBC show; in her column in O, The Oprah Magazine; and in her eight best-selling books -- was that when people don't grab the reins of their financial destiny, they allow themselves to become victims.
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All the linguistic things, all the time. Well, a lot of them, daily.
Notes: 39
Tags: linguisticsschwaIPA
A pretty-adorable tribute video to schwa.
Any of my friends know that I'm kind of obsessed with the schwa. When I saw this video, I just kind of died.
Got to love the schwa!


text: I Wonder Raspberry Beret Prince sang,"She wore a raspberry beret, the kind you find in a second hand store"How the kind you find in a second hand store different than the kind one would find in a first hand store? outercalm 46-50, M 3 Responses 2 Jun 5, 2012 Me Too Your Response Please respond with authenticity, support, and respect Cancel You can join Experience Project now! Username Password Email Gender Male Female Undisclosed Birthday By clicking "Post Response", you confirm that you agree to the Terms of Service of Experience Project, Inc. Login Login to respond Username: Password: Keep me logged in I forgot my password I forgot my username Sign Up Recent Oldest Rating Or "loved" teehee. It was vintage couture. Maybe not in absolutely pristine condition? Cancel


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US 5371662 A Abstract A movement-controlled light emitting device includes a conductive swivel device rotatably fastened inside a casing mounted on a sports shoe and oscillated to intermittently connect the two opposite ends of a light emitting circuit as the shoe is moved, causing the light emitting element of the light emitting circuit to emit light intermittently.
Claims(5) 1. A movement-controlled light emitting device comprising:
a) a casing; b) a cover board for covering the casing; c) a conductive block mounted in the casing; d) a first metal contact connected to the conductive block; e) a second metal contact located in the casing and spaced from the first metal contact; f) a conductive swivel device including: 1) a swivel body; 2) a swivel pin located on one end of the swivel body and rotatably mounted on the conductive block; 3) a counter weight located on an opposite end of the swivel body; 4) a spring to hold the counter weight away from the second metal contact; g) a light emitting circuit including: 1) a light emitting element; 2) an electronic battery cell; and 3) two opposite poles respectively connected to the first and second metal contacts; wherein moving the casing causes the counter weight to intermittently contact the second metal contact to intermittently activate the light emitting circuit so that the light emitting element emits light. 2. The movement-controlled light emitting device of claim 1, wherein the spring is a torsional spring mounted on the swivel pin of the conductive swivel device, the spring having a first end abutting against the casing and a second end fastened to the swivel body of the conductive swivel device.
3. The movement-controlled light emitting device of claim 1, further comprising two locating posts mounted in the casing, wherein the second metal contact is confined within a narrow space defined by the two locating posts and the casing.
4. The movement-controlled light emitting device of claim 1, wherein the casing further comprises a bottom wall and a guide projecting over the bottom wall to guide the counter weight along a fixed course.
5. The movement-controlled light emitting device of claim 1, wherein the casing and the light emitting circuit are fastened on an interior portion of a vamp of a shoe and the light emitting element is disposed on an outside portion of the shoe and protected by a transparent covering on the shoe.
Description The present invention relates to a light emitting device adapted to be installed in a sports shoe to emit light as the shoe is moved. Various sports shoes have been disclosed having special functions. For example, sports shoes with step counters or light emitting devices are known, and widely accepted by people of all ages. A normal light emitting sports shoe generally includes a pressure switch on the sole and a light emitting element connected to an electronic battery cell through the pressure switch. As the sports shoe is put on the foot and stepped on the ground, the pressure switch is switched on to turn on the light emitting element. This light emitting device consumes a large amount of the electric power supply because the pressure switch is constantly switched on when the user stands still. Further, the structure of the light emitting device is complicated to install because the pressure switch must be fastened to the sole. The present invention eliminates the aforementioned drawbacks. It is therefore an object of the present invention to provide a light emitting device for sports shoes which emits light only when it is moved. It is another object of the present invention to provide a light emitting device which can be conveniently fastened to a sports shoe at any desired location. According to the preferred embodiment of the present invention, a conductive swivel device is installed in a casing and oscillated to electrically connect the two opposite metal contacts of the electric circuit, which includes a light emitting element and an electronic battery cell, as the casing is moved by the sports shoe. Thus, the light emitting element emits light intermittently as the sports shoe is moved by the foot of the user. FIG. 1 is an exploded view of a light emitting device according to the preferred embodiment of the present invention; FIG. 2 is a front view of the light emitting device when electrically disconnected; FIG. 3 is another front view of the light emitting device when electrically connected; FIG. 4 is an applied view of the present invention showing the light emitting device installed in a sports shoe; and FIG. 5 is a partial view of FIG. 4 in an enlarged scale. Referring to FIG. 1, a casing 10 is made to be a suitable size, having an internal space 11 covered by a cover board 20. The cover board 20 includes pins 21 and 22 mounted on diagonal corners of the cover board 20. The pins 21, 22 are inserted into respective pin holes 12 and 13 located on the casing 10. A wire hole 14 is formed on one side of the casing 10 for inserting electric wires. The casing 10 includes a guide 111 projecting over an interior bottom surface 15 of the casing 10 a conductive block 16 spaced from the guide 111, a first metal contact 30 fastened to the conductive block 16, a second metal contact 40 located within a narrow space along an elongated side wall 100 of the casing 10 and two locating posts 17 and 18. A conductive swivel device 50 includes an elongated flat body 500 having a metal pin 51 on one end which is inserted in a center hole 160 formed in the conductive block 16 and disposed in contact with the first metal contact 30. The device 50 also includes a metal counter weight 52 located on an opposite end of the device 50 and slidably supported on the guide 111. A torsional spring 60 is mounted on the pin 51 of the swivel device 50. The spring 60 has one end 61 disposed to abut against a short side wall 101 of the casing 10 and an opposite end 62 hooked on the elongated flat body 500 of the conductive swivel device 50. A light emitting element (for example, a light emitting diode) 70 has one pole connected to the second metal contact 40 by a conductor 71 and an opposite pole connected to one end of an electronic battery cell 80 by a conductor 71. The opposite end of the electronic battery cell 80 is connected to the first metal contact 30 by a conductor 81. The electronic battery cell 80 and the light emitting element 70 are located outside the casing 10. The conductors 71, 81 are respectively inserted through the wire hole 14 and then connected to the metal contacts 40, 30; respectively. Referring to FIG. 2, because of the spring force of the torsional spring 60, the metal counter weight 52 of the conductive swivel device 50 is constantly supported on the guide 111 and spaced from the second metal contact 40. Thus, the light emitting element 70 is electrically disconnected and does no work when the casing 10 is immovable. As the light emitting device 70 is moved by an external force, the conductive swivel device 50 will be oscillated back and forth alternatively, causing the metal counter weight 52 to intermittently contact the second metal contact 40 (see FIG. 3). As the metal counter weight 52 contacts the second metal contact 40, the electric circuit is connected, and therefore the light emitting element 70 is turned on to emit light. Referring to FIGS. 4 and 5, the casing 10 and the electronic battery cell 80 may be fastened to the vamp of a sports shoe at a suitable location, and the light emitting element 70 may be fastened to the vamp on the outside and protected by a transparent covering 91. As the sports shoe is moving, the swivel device 50 is alternatively oscillated to intermittently connect the circuit, causing the light emitting element 70 to emit light intermittently. While only one embodiment of the present invention has been shown and described, it will be understood that various modifications and changes could be made without departing from the spirit and scope of the invention. Patent Citations
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Ethan Willis, 6 months, is a happy baby. Parents are Kelsea Peterson and Jeremy Wills, both of Duluth. Grandparents are Janet Shatto and Dave Johnson of Hermantown, James Wills Jr., Bonita Wills and Jodell Wilson, all of Duluth, and Ken and Barb Schlais of Superior.
Read the article: Grandma's Brag Book for March 6


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Compare prices on Men's Jackets & Coats
Deals for Men's Jackets & Coats at BizRate. Shop for Leather Jackets, North Face Jackets, Men's Fur Coats, and Men's Pea Coats.
Compare prices on Men's Jackets & Coats
Deals for Men's Jackets & Coats at BizRate. Shop for Leather Jackets, North Face Jackets, Men's Fur Coats, and Men's Pea Coats.
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NEW YORK (CNNMoney.com) -- Despite a recent spate of bad news coming out of the housing industry, home prices show signs of stabilizing.
National home prices jumped a substantial 3.6% in the past year, according to the S&P/Case-Shiller Home Price Index released on Tuesday. Prices also climbed 4.4% in the second quarter compared with a 2.8% plunge in the first quarter.
"While the numbers are upbeat, other more recent data on home sales and mortgages point to fewer gains ahead," said David M. Blitzer, chairman of the Index Committee at Standard & Poor's. "Even with concerns about near term developments, we recognize that the housing market is in better shape than this time last year."
Of course, the positive report was buoyed by the government's tax credit program, which refunded as much as $8,000 for homebuyers. With that program now over, markets could cool.
"We all know what happened to housing after the homebuyers tax credit ended," said Mike Larson, real estate analyst for Weiss Research. "It's been an Acapulco-sized cliff-dive."
And because this report is a lagging indicator, Larson adds that "it would be foolhardy to think that this report tells us that prices will continue to rise." Instead, he expects prices to slowly deteriorate over the next several months.
In fact, home prices across the country could be substantially lower a year from now, according to Pat Newport, an analyst with IHS Global Insight. "It's now apparent that the demand for housing is a lot weaker than anyone thought," he said.
That has resulted in a glut of inventory, which a slew of bank repossessions of foreclosed properties is only making worse. Plus job gains are still proving elusive.
"These three factors are enough to bring home prices down," Newport said.
A market basket of 20 metro areas tracked by the S&P/Case-Shiller home price indexes showed that prices gained in all markets but one. The index is up 4.2% year-over-year, well above a 3.1% forecast from industry experts as compiled by Briefing.com. The month-over-month gain was 1%.
"Las Vegas was the only city to record a fall in prices during June (-0.6%), compared with a month earlier. All 19 other markets were either up or flat, with Chicago, Detroit and Minneapolis the biggest winners. Each gained 2.5%.
Fifteen of the 20 cities recorded 12-month price rises, with San Francisco leading the way. Its 14.3% increase was one of three cities posting double-digit gains, with San Diego prices jumping 11.2% and Minneapolis 10.7%.
Las Vegas had the biggest 12-month loss, down 5.2%.
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