text:
The strategic effect of debt in dynamic price competition with fluctuating demand
AbstractThis paper shows that obligations from debt hinder tacit collusion if equity owners are protected by limited liability. In contrast to its advantageous commitment value in short-run competition, leverage reduces profits from infinite interaction. Contrasting uncorrelated shocks with a cyclical demand development, we show that in the first case optimal pricing is anticyclical. With demand cycles, it is anticyclical only if equity holders place a low value on future profits, but procyclical otherwise. In both cases, the cyclicity of prices increases with the debt level. Contrary to traditional wisdom, a lower degree of homogeneity may raise profits of leveraged firms. --
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Bibliographic InfoPaper provided by University of Tübingen, School of Business and Economics in its series Tübinger Diskussionsbeiträge with number 250.
Date of creation: 2002
Date of revision:
Handle: RePEc:zbw:tuedps:250
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Related researchKeywords: capital structure; dynamic competition; collusion; Preiswettbewerb; Kapitalstruktur; Kollusion;
Find related papers by JEL classification:
- L41 - Industrial Organization - - Antitrust Issues and Policies - - - Monopolization; Horizontal Anticompetitive Practices
- L13 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Oligopoly and Other Imperfect Markets
- G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
- E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
- C73 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Stochastic and Dynamic Games; Evolutionary Games
ReferencesReferences listed on IDEAS
Please 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.:
- Dasgupta, Sudipto & Titman, Sheridan, 1998.
"Pricing Strategy and Financial Policy,"
Review of Financial Studies,
Society for Financial Studies, vol. 11(4), pages 705-37.
- Sudipto Dasgupta & Sheridan Titman, 1996. "Pricing Strategy and Financial Policy," NBER Working Papers 5498, National Bureau of Economic Research, Inc.
- Shapiro, Carl, 1989. "Theories of oligopoly behavior," Handbook of Industrial Organization, in: R. Schmalensee & R. Willig (ed.), Handbook of Industrial Organization, edition 1, volume 1, chapter 6, pages 329-414 Elsevier.
- Chevalier, Judith A & Scharfstein, David S, 1996.
"Capital-Market Imperfections and Countercyclical Markups: Theory and Evidence,"
American Economic Review,
American Economic Association, vol. 86(4), pages 703-25, September.
- Judith A. Chevalier & David S. Scharfstein, 1994. "Capital Market Imperfections and Countercyclical Markups: Theory and Evidence," NBER Working Papers 4614, National Bureau of Economic Research, Inc.
- Michael L. Katz., 1991.
"Game-Playing Agents: Unobservable Contracts as Precommitments,"
Economics Working Papers
91-172, University of California at Berkeley.
- Michael L. Katz, 1991. "Game-Playing Agents: Unobservable Contracts as Precommitments," RAND Journal of Economics, The RAND Corporation, vol. 22(3), pages 307-328, Autumn.
- Katz, Michael L., 1991. "Game-Playing Agents: Unobservable Contracts as Precommitments," Department of Economics, Working Paper Series qt79b870w0, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
- Evenett, Simon J. & Levenstein, Margaret C. & Suslow, Valerie Y., 2001.
"International cartel enforcement : lessons from the 1990s,"
Policy Research Working Paper Series
2680, The World Bank.
- Simon J. Evenett & Margaret C. Levenstein & Valerie Y. Suslow, 2001. "International Cartel Enforcement: Lessons from the 1990s," The World Economy, Wiley Blackwell, vol. 24(9), pages 1221-1245, 09.
- Simon J. Evenett & Margaret C. Levenstein & Valerie Y. Suslow, 2001. "International Cartel Enforcement: Lessons from the 1990s," UMASS Amherst Economics Working Papers 2001-01, University of Massachusetts Amherst, Department of Economics.
- Bagliano, Fabio C. & Dalmazzo, Alberto, 1999. "Liquidation risks in the Rotemberg-Saloner implicit collusion model," Economics Letters, Elsevier, vol. 62(1), pages 69-74, January.
- Bagwell, Kyle, 1995.
"Commitment and observability in games,"
Games and Economic Behavior,
Elsevier, vol. 8(2), pages 271-280.
- Kyle Bagwell, 1992. "Commitment and Observability in Games," Discussion Papers 1014, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
- Showalter, Dean M, 1995. "Oligopoly and Financial Structure: Comment," American Economic Review, American Economic Association, vol. 85(3), pages 647-53, June.
- Rotemberg, Julio J & Saloner, Garth, 1986. "A Supergame-Theoretic Model of Price Wars during Booms," American Economic Review, American Economic Association, vol. 76(3), pages 390-407, June.
- James A. Brander & Tracy R. Lewis, 1988. "Bankruptcy Costs and the Theory of Oligopoly," Canadian Journal of Economics, Canadian Economics Association, vol. 21(2), pages 221-43, May.
- Zwiebel, Jeffrey, 1996. "Dynamic Capital Structure under Managerial Entrenchment," American Economic Review, American Economic Association, vol. 86(5), pages 1197-1215, December.
- Chevalier, Judith A & Scharfstein, David S, 1995. "Liquidity Constraints and the Cyclical Behavior of Markups," American Economic Review, American Economic Association, vol. 85(2), pages 390-96, May.
- Michel Poitevin, 1989. "Collusion and the Banking Structure of a Duopoly," Canadian Journal of Economics, Canadian Economics Association, vol. 22(2), pages 263-77, May.
- Maksimovic, Vojislav & Titman, Sheridan, 1991. "Financial Policy and Reputation for Product Quality," Review of Financial Studies, Society for Financial Studies, vol. 4(1), pages 175-200.
- Wanzenried, Gabrielle, 2003. "Capital structure decisions and output market competition under demand uncertainty," International Journal of Industrial Organization, Elsevier, vol. 21(2), pages 171-200, February.
- Stenbacka, Rune, 1994. "Financial structure and tacit collusion with repeated oligopoly competition," Journal of Economic Behavior & Organization, Elsevier, vol. 25(2), pages 281-292, October.
- Dick Damania, 1997. "Debt as a collusive device in an oligopoly supergame," Journal of Economics, Springer, vol. 66(3), pages 249-269, October.
- Bhattacharya Sudipto & Chiesa Gabriella, 1995. "Proprietary Information, Financial Intermediation, and Research Incentives," Journal of Financial Intermediation, Elsevier, vol. 4(4), pages 328-357, October.
CitationsCitations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Rostek, Stefan & Schöbel, Rainer, 2006. "Risk preference based option pricing in a fractional Brownian market," Tübinger Diskussionsbeiträge 299, University of Tübingen, School of Business and Economics.
- Koepke, Nikola & Baten, Joerg, 2005.
"The biological standard of living in Europe during the last two millennia,"
European Review of Economic History,
Cambridge University Press, vol. 9(01), pages 61-95, April.
- Köpke, Nikola & Baten, Jörg, 2003. "The biological standard of living in Europe during the last two millennia," Tübinger Diskussionsbeiträge 265, University of Tübingen, School of Business and Economics.
- Hager, Svenja & Schöbel, Rainer, 2006. "Deriving the dependence structure of portfolio credit derivatives using evolutionary algorithms," Tübinger Diskussionsbeiträge 300, University of Tübingen, School of Business and Economics.
- Baten, Jörg & Wallusch, Jacek, 2003. "Market integration and disintegration of Poland and Gemany [Germany] in the 18th century," Tübinger Diskussionsbeiträge 268, University of Tübingen, School of Business and Economics.
- Pitterle, Ingo & Steffen, Dirk, 2004. "Welfare Effects of Fiscal Policy under Alternative Exchange Rate Regimes : The Role of the Scale Variable of Money Demand," Tübinger Diskussionsbeiträge 284, University of Tübingen, School of Business and Economics.
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text:
T.E.A.L. Walk/Run: Brooklyn, NY
Tell Every Amazing Lady:
The 6th Annual T.E.A.L. Walk/Run is September 6th!
OCRF invites you to join our team for this year's 6th Annual T.E.A.L. Walk/Run. We've got some great goodies for our team members, and prizes for our top fundraisers again this year. And, for the first time, you can walk or run at this fun event. We hope to see you there!
Saturday, September 6, 2014
Check In: 8:00 a.m.
5K Run Begins: 9:00 a.m.
Survivors Ceremony: 10:10 a.m.
2.5 Mile Walk Begins: 10:45 a.m.
Brooklyn's Prospect Park Bandshell
(Prospect Park West and 9th Street Entrance)
Brooklyn, New York
Early Bird Registration Through 7/15:
$25 Walk
$30 Run
Regular Registration 7/15 – 9/1:
$35 Walk/Run
Late (Same Day) Registration:
$40 Walk/Run
Join Team OCRF:
When you join Team OCRF, you'll receive great team goodies, including an OCRF bucket hat, teal ribbon, and a hand-held sign–plus, you'll be a part of the official OCRF team photo! Click here to join or donate to the OCRF Team!
Team OCRF's top fundraiser will win a special prize, to be announced.
In addition, T.E.A.L. Walk will award fabulous prizes to top overall fundraisers.
Ovarian Cancer Research Fund is a beneficiary of this event, which to date has raised over $235,000 for OCRF.

subset: commoncrawl


text:
The death of a 62-year-old Lakeland man is being attributed to complications from a spider bite.A spokeswoman in the Polk County medical examiners office says Ronald Reese's death certificate will read that death was due to complications from "cervical epidural abscess" caused by "spider envenomation."The manner of death is rare. The spider that is believed to have bit Reese is also extremely rare.Reese's returned home from his handyman job one day in August 2013 and said, "'Dad, I think I've been bit by a brown recluse it's hurting so bad,'" H.K. Reese told FOX 35.Reese said months of complications -- which included paralysis -- followed.The death certificate does not specify what kind of spider bit Reese."Since 1904 in the state of Florida they've actually found 70 brown recluse spiders in the entire state. Forty of those were actually found in one location," said Central Florida Zoo herpetologist Nick Clark, citing a study being conducted by the Universities of Florida and California.Clark says brown recluse spiders are found in the far-west part of Florida's panhandle and hardly ever found in central Florida.
Follow @myfoxorlando
35 Skyline DriveLake Mary, FL 32746
Phone: (407) 644-3535News Tips: (866) 55-FOX35


text:
Air care was called to the scene following a four-car accident in Florence, Ky.
The accident happened around 2:45 p.m. on Saturday afternoon in the 4900 block of Houston Road.
Authorities say that several victims were trapped in their vehicles. The extent of the injuries sustained is unknown at this time. Houston Road re-opened an hour after the accident occurred.
Copyright 2013 WXIX. All rights reserved.
Hershey Company has unveiled its new corporate logo.
635 W. 7th Street
Cincinnati, OH 45203
Switchboard: (513) 421-1919
Newsroom: (513) 421-0119
Press releases: firstname.lastname@example.com
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"delighting audiences with comedy, stand-up, off-the-wall poetry, original songs and dance routines"
"Camden Fringe 2011"
"a monster line-up of comedy, music and dance"
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"The room is packed and decked out for cabaret with red velvet table cloths and dim lighting."
""Strap yourselves in…or on…whatever works for you!" So starts The Cabaret of Potty People.""


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WEDNESDAY, Oct. 5 (HealthDay News) -- Boys with autism experience accelerated head circumference (HC) growth, and have increased height and weight in the first year of life, according to a study published in the October issue of the Archives of General Psychiatry.
Katarzyna Chawarska, Ph.D., from Yale University in New Haven, Conn., and colleagues investigated the correlation between HC growth in autism, and height and weight growth during infancy, and assessed the association of HC growth from birth to 24 months with social, verbal, cognitive, and adaptive functioning levels. A total of 64 boys diagnosed with autism, 34 with pervasive developmental disorder not otherwise specified, 13 with global developmental delay, 18 with other developmental problems, and 55 typically developing boys were included in the analyses. Age-related changes in HC, height, and weight between birth and age 24 months, and measures of social, verbal, and cognitive functioning at age 2 years were the main outcome measures.
The investigators found that boys with autism were significantly longer by age 4.8 months, had a larger HC by age 9.5 months, and weighed more by age 11.4 months than typically developing controls. A similar pattern of overgrowth was not found in any of the other clinical groups. Significantly greater severity of social deficits and lower adaptive functioning were found in boys with autism who were in the top 10 percent of overall physical size in infancy.
"Boys with autism experienced accelerated HC growth in the first year of life," the authors write. "The study highlights the importance of studying factors that influence not only neuronal development but also skeletal growth in autism."
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The Malik Report
Red Wings afternoon news: revisiting Franzen's comments, on Cleary and Stuart and a Kindl summation
by George Malik on 04/27/12 at 06:41 PM ET
Comments (12)
Updated with Joey MacDonald injury news at 4:53 PM: Despite our comments to the contrary regarding one Johan Franzen's comments about the wheels falling off the Big Red Machine, I thought that Franzen's suggestion that the Wings struggled down the stretch in no small part due to, as he told MLive's Ansar Khan, a lack of self-confidence and plain old forgetting how to enjoy themselves—to the point that the Wings' swagger and ability to somewhat loosely and confidently bounce back from adversity, especially without the "morale officers" that were Kris Draper and Chris Osgood in the mix, yielded late-season stumbles and perhaps a snowballing effect which yielded the return of the Detroit's early-regular season paper-thin level of self confidence.
Filed in: | The Malik Report | Permalink
Wait, what? The Mule has all the answers as to why the Red Wings lost their mojo?
by George Malik on 04/27/12 at 09:10 AM ET
Comments (14)
MLive's Ansar Khan spoke to Red Wings forward Johan Franzen about both his disappointing 2011-2012 season and playoffs and his team's stumbles from February onward, and, well…While Khan says that the Wings' free agency shopping list does indeed include all of my hopes in that damn bottom-six winger with size to mash and grind on the fourth line, the top-pair defenseman the Wings couldn't find after Brian Rafalski retired and Mike Babcock's wished-for top-six goal-scorer, Franzen seems to suggest that the Wings missed Chris Osgood and Kris Draper's presences and leadership in unexpected ways:
"We need to have more fun out there, get some confidence back,'' Franzen said. "We looked like a drained team, kind of, in most of the games. Get some joy back, believing in ourselves, knowing that we're a good team, and play for each other.''
The Red Wings were bounced in the first round of the playoffs by the Nashville Predators. Franzen, speaking Tuesday, when players cleaned out their lockers, believes the handwriting was on the wall following a 7-11-4 finish to the regular season.
"We didn't have a good ending to the season, eight wins in the last (27), including playoffs,'' Franzen said. "You got to come into playoffs with confidence, otherwise it's so tight. You're playing a team with a really good defense and a great goalie (Pekka Rinne), so if you don't have that extra thing to get through it's going to be tough.''
Um…Exactly? You can keep on reading for more on that front from Franzen, but Khan delivers noteworthy quips from both Franzen and his coach regarding the Mule's difficult playoff performance…and future with the team:
Filed in: | The Malik Report | Permalink
Red Wings overnight report: Kronwall changes his mind about World Championships
by George Malik on 04/27/12 at 08:33 AM ET
Comments (2)
File this line under, "Blog post starters you're regrettably going to read me saying rather regularly between now and the draft": This morning's most notable Red Wings news story comes from Sweden, because Niklas Kronwall has changed his mind about remaining in Detroit to supervise the building of a new home, and instead, he's going to leave for Stockholm with Henrik Zetterberg, Johan Franzen and Jonathan Ericsson to take part in the World Championships.
Why the change in thought? The Swedish press went into overdrive after the Swedish Ice Hockey Federation announced that Kronwall would join the team, so it didn't take long to find out. Kronwall told Expressen's Gunnar Nordstrom and Johan Larsson that he was able to delay the big decision-making regarding architectural plans for a few weeks so that he can join his brother Staffan (who just signed with Lokomotiv Yaroslavl's new KHL team, by the way) and his teammates at the Worlds:
Filed in: | The Malik Report | Permalink
Is another dispersal draft-via-buy-outs on the way under the new CBA? (and Wings evening news)
by George Malik on 04/26/12 at 08:23 PM ET
Comments (13)
Updated 2x with some evening Wings news at 6:48 PM: Given our little discussion regarding the underwhelming nature of Red Wings GM Ken Holland's comments regarding his team's plans in terms of possibly signing free agents, I've had this nagging voice in my head wondering whether Holland's comments had something to do with the CBA which the NHL and NHLPA must negotiate this summer.
The CBA which the NHL essentially wrote by itself thanks to Ted Saskin's betrayal of the players he was representing, the league was able to doubly ensure that its goal of parity would be ensured by both forcing through a 24% rollback in player salaries and dropping the salary cap so dramatically that many teams had to buy out players to become "cap compliant," and I can't help but believe that Chairman Mao would love to redistribute NHL talent all over again if he's able to get away with it.
Filed in: | The Malik Report | Permalink
Red Wings mid-day news: no Norris for Nick, more Holmstrom talk, injury news and…Honeybadgers?
by George Malik on 04/26/12 at 04:29 PM ET
Comments (3)
Red Wings fans can't necessarily be surprised by this, but, as the Detroit News's Ted Kulfan, the Macomb Daily's Chuck Pleiness and MLive's Ansar Khan note, the 11 games missed by the Red Wings' captain and an up-and-down season production-wise yield Nicklas Lidstrom not heading to the NHL Awards in Las Vegas for the first time in what seems like forever:
Zdeno Chara of Boston, Erik Karlsson of Ottawa and Shea Weber of Nashville are this year's finalists for the Norris Trophy as the NHL's top defenseman.
It marks just the third time in the past 14 seasons that Detroit Red Wings captain Nicklas Lidstrom, a seven-time Norris Trophy winner, was not a finalist.
Filed in: | The Malik Report | Permalink
Red Wings overnight report: not necessarily a package deal, and prospect (and Twitter) news
by George Malik on 04/26/12 at 07:37 AM ET
Comments (11)
Updated substantially at 7:16 AM: Neither player suggested as much during the Red Wings' locker room clean-out, but from Mike Babcock to Chris Chelios and you and me, those who are wondering what might tip the scales toward Nicklas Lidstrom returning for one more season of NHL hockey are also wondering aloud as to whether the Wings might entice Lidstrom to stick around by inviting Lidstrom's closest friend and carpool buddy, Tomas Holmstrom, to engage in a sort of farewell goalie-mooning tour.
The Free Press's Helene St. James engages in this endeavor this morning for a simple reason: Holmstrom readily admitted that he wasn't thrilled playing on the fourth line because he wasn't able to really do his job while skating up and down the ice (albeit surprisingly well) alongside Cory Emmerton on a generally defensively-minded shift, and in light of the emergence of Gustav Nyquist down the stretch, it certainly seems like Holmstrom, like Kris Draper before him, has been squeezed out of a job:
Filed in: | The Malik Report | Permalink
Red Wings' players, coach know that Brad Stuart's skates are out the door
by George Malik on 04/25/12 at 06:27 PM ET
Comments (19)
Amidst the biggest "storylines" from the Red Wings' locker room clean-out day, in terms of cringe-worthiness, anyway, Danny Cleary's knee issues (the Detroit News's Ted Kulfan adds to the conversation in a blog entry this afternoon) earned some serious sympathy pains…
But the Red Wings' player who seemed to be suffering the most discomfort, however, was and is defenseman Brad Stuart, who very clearly wants to remain a Red Wing, but, as the Macomb Daily's Chuck Pleiness notes, is all but guaranteed to sign with a West Coast team after spending the past four-and-a-half years away from his San Jose-based family, two young sons and high school-aged stepdaughter due to Mrs. Stuart's custody issues:
Filed in: | The Malik Report | Permalink
Red Wings mid-day news: Worlds stuff, observations from Friedman and Custance and EA Datsyuk
by George Malik on 04/25/12 at 03:01 PM ET
Comments (8)
Updated 3x with more from Stuart at 3:11 PM, and, via Twitter, the IIHF is reporting that Pavel Datsyuk will join Russia's World Championship team: As Paul noted, Red Wings fans can at least take some small solace in knowing that the NBC Sports Network will air a good chunk of the World Championship's later-round games, allowing us to watch Henrik Zetterberg, Johan Franzen, Jonathan Ericsson (all playing for Sweden), Valtteri Filppula (Finland), Tomas Tatar (Slovakia), Jakub Kindl (Czech Republic), Jimmy Howard, Justin Abdelkader (both for Team USA) and possibly Pavel Datsyuk (Russia) at least a few more times before September.
The Windsor Star's Bob Duff spoke to several of the Wings' Worlds' participants during Tuesday's locker room clean-out, and the players are both excited and somewhat relieved about earning the chance to continue their hockey seasons:
Filed in: | The Malik Report | Permalink
Kris Draper, Chris Osgood, Scotty Bowman, Wayne Gretzky talk about Steve Yzerman's 1996 2OT GWG
by George Malik on 04/25/12 at 07:49 AM ET
Comments (4)
From We All Bleed Red on YouTube and TSN, Red Wings execs Kris Draper and Chris Osgood, former coach Scotty Bowman, NHL analyst Darren Pang and one Wayne Gretzky all recollect the circumstances surrounding the most famous goal of Steve Yzerman's career, his double OT winner against the St. Louis Blues in 1996:
Filed in: | The Malik Report | Permalink
Good CBA news from…Pittsburgh?
by George Malik on 04/25/12 at 07:24 AM ET
Comments (0)
The Pittsburgh Post-Gazette's Shelly Anderson reveals some surprising and very good news from the Pittsburgh Penguins' end-of-season media availability:
The NHL lost a season, 2004-05, to a work stoppage the previous time it had to hammer out a new collective bargaining agreement with the NHL Players' Association. Penguins defenseman Brooks Orpik, a team union representative, is optimistic things won't be as difficult this time. The CBA expires in September.
"We've had quite a few meetings the last two or three months, which almost the whole team attended," Orpik said Tuesday. "I know a lot of that hasn't been publicized. I think there's been more communication between the two sides than people are aware of. I think both sides are pretty optimistic something will get done. I think there's too much to lose after the last one we had to have another work stoppage."
Filed in: | The Malik Report | Permalink
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About The Malik Report
The Malik Report is a destination for all things Red Wings-related. I offer biased, perhaps unprofessional-at-times and verbose coverage of my favorite team, their prospects and developmental affiliates. I've joined the Kukla's Korner family with five years of blogging under my belt, and I hope you'll find almost everything you need to follow your Red Wings at a place where all opinions are created equal and we're all friends, talking about hockey and the team we love to follow.
Most Recent Blog Posts
Red Wings overnight report: on Holland's conversation with Krupa, Howard's pivotal season, etc.
Red Wings overnight report: Datsyuk and Hasek on ice; Smith's mysterious future
Red Wings overnight report: On Howard's new lid, Weiss, Bertuzzi-Moore and an old cliche
Red Wings mid-day news: Cleary's latest number, Tweets, pictures and a little 'myth busting'
Red Wings overnight report: on the prospect tournament, prospects in general, Athanasiou & Tatar
Red Wings Announce Prospects Camp Roster
Wings' New Rink Expected To Be Completed By Summer 2017
Danny DeKeyser Will Fly With The Blue Angels
Red Wings overnight report: rink news, 'state of the Wings' talk and prospect(ish) news
Holland Still Working On DeKeyser Contract And The Latest On Alfredsson


text:
Strategic Formation of Airline Alliances
AbstractThis paper looks at the endogenous formation of airline alliances by means of a two-stage game where first airlines decide whether to form an alliance and then fares are determined. The authors analyse the effects and the strategic formation of airline alliances when two complementary alliances, following different paths, may be formed to serve a certain city-pair market. Alliances hurt rivals and decrease interline fares. Most interestingly, and contrary to what might be expected, the formation of alliances may be unprofitable in a competitive context. This is likely to happen when competition is significant and economies of traffic density are low. © 2007 LSE and the University of Bath
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Bibliographic InfoArticle provided by London School of Economics and University of Bath in its journal Journal of Transport Economics and Policy.
Volume (Year): 41 (2007)
Issue (Month): 3 (September)
Pages: 427-449
Contact details of provider:
Web page: http://www.bath.ac.uk/e-journals/jtep
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CitationsCitations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Brueckner, Jan K. & Proost, Stef, 2010.
"Carve-outs under airline antitrust immunity,"
International Journal of Industrial Organization,
Elsevier, vol. 28(6), pages 657-668, November.
- Jan K. Brueckner & Stef Proost, 2009. "Carve-Outs under Airline Antitrust Immunity," CESifo Working Paper Series 2848, CESifo Group Munich.
- Jan K. Brueckner & Stef Proost, 2009. "Carve-Outs Under Airline Antitrust Immunity," Working Papers 091004, University of California-Irvine, Department of Economics.
- Anderson, Simon P. & Loertscher, Simon & Schneider, Yves, 2010. "The ABC of complementary products mergers," Economics Letters, Elsevier, vol. 106(3), pages 212-215, March.
- Bilotkach, Volodymyr & Hüschelrath, Kai, 2012. "Airline alliances and antitrust policy: The role of efficiencies," Journal of Air Transport Management, Elsevier, vol. 21(C), pages 76-84.
- Bilotkach, Volodymyr & Fageda, Xavier & Flores-Fillol, Ricardo, 2013.
"Airline consolidation and the distribution of traffic between primary and secondary hubs,"
Regional Science and Urban Economics,
Elsevier, vol. 43(6), pages 951-963.
- Bilotkach, Volodymyr & Fageda, Xavier, 1975- & Flores-Fillol, Ricardo, 2012. "Airline Consolidation and the Distribution of Traffic between Primary and Secondary Hubs," Working Papers 2072/211632, Universitat Rovira i Virgili, Department of Economics.
- Flores-Fillol, Ricardo, 2009. "Congested hubs," Working Papers 2072/15844, Universitat Rovira i Virgili, Department of Economics.
- Brueckner Jan K. & Picard Pierre M., 2013.
"Airline Alliances, Carve-Outs and Collusion,"
Review of Network Economics,
De Gruyter, vol. 12(2), pages 211-227, June.
- Jan K. Brueckner & Pierre M. Picard, 2012. "Airline Alliances, Carve-Outs and Collusion," CREA Discussion Paper Series 12-09, Center for Research in Economic Analysis, University of Luxembourg.
- Jan K. Brueckner & Pierre M. Picard, 2011. "Airline Alliances, Carve-Outs and Collusion," CESifo Working Paper Series 3593, CESifo Group Munich.
- Socorro, M. Pilar & Viecens, M. Fernanda, 2013. "The effects of airline and high speed train integration," Transportation Research Part A: Policy and Practice, Elsevier, vol. 49(C), pages 160-177.
- Flores-Fillol, Ricardo, 2010. "Congested hubs," Transportation Research Part B: Methodological, Elsevier, vol. 44(3), pages 358-370, March.
- Ginés de Rus & M. Pilar Socorro, 2012. "Access pricing and investment in vertical structures with complementary or rival facilities," Working Papers 2012-06, FEDEA.
- Ishii, Masahiro & Lee, Paul Tae-Woo & Tezuka, Koichiro & Chang, Young-Tae, 2013. "A game theoretical analysis of port competition," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 49(1), pages 92-106.
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Select () or exclude () categories to narrow your recipe search.
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Prep Time:
Cook Time:
15 mins
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In the spring time, savor fresh asparagus with this dressing. This is low in fat too.
Units: US | Metric
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Servings Per Recipe: 4
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raspberry vinegar
Getting dinner on the table just got a whole lot easier.


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TEAMS: Pittsburgh Pirates, New York Yankees, Chicago Cubs
<a href="http://bronxpinstripes.com/wp-content/plugins/wordpress-feed-statistics/feed-statistics.php?url=aHR0cDovL2Jyb254cGluc3RyaXBlcy5jb20vbnl5L3lhbmtlZXMtYWNxdWlyZS1jYXNleS1tY2dlaGVlL2F0dGFjaG1lbnQvbWNnZWhlZS8=" rel=\"attachment wp-att-10049\">The Yankees may not have gotten Ryan Dempster, but they didn't stay completely silent at the deadline. Joel Sherman of the New York Post is reporting that the Yankees have acquired 3B Casey McGehee from the Pittsburgh Pirates in exchange for RP Chad Qualls.
Pirates ship Casey McGehee to Yanks for Chad Qualls
Yankees get McGehee from Pirates
Yankees pick up McGehee, activated Chamberlain
Rangers land Ryan Dempster
Rangers get Cubs ace Ryan Dempster
Dodgers Trade Deadline Coverage: Ryan Dempster
Should the Dodgers try to include Soriano in a Dempster deal?
Tuesday Ryan Dempster rumors: Rangers and Dodgers pursuing Ryan Dempster
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Watch Cats Getting Stuck in Jars
Cats love to squeeze into tight spaces: barely open drawers, the gap between the wall and the couch, and, of course, cat-size jars.
These Puppies Are Friends With All Kinds of Animals
Puppies have an uncanny knack for breaking down the boundaries around them.
These Dogs Are Having a Very Hard Time Jumping
Unlike cats, dogs aren't expected to be naturally brilliant jumpers.
People Throwing Boiling Water Into the Freezing Air
Last week, when the polar vortex descended and covered much of the country in frigid air, a lot of people tried out the old turn-boiling-water-into-mist trick.
'Willy Wonka' Cast Members Then & Now
Veruca Salt. Augustus Gloop. The names alone conjure up crystal-clear images for anyone who loves the 1971 classic 'Willy Wonka and the Chocolate Factory.'
9 Signs You're the Annoying Customer at the Restaurant
A night out at a restaurant offers the perfect break from the rigors of cooking and cleaning at home. Who doesn't love going out for a nice meal? The waitstaff is who, especially when you prove to be a pain in the butt.
Watch These Hilarious T-Ball Bloopers
Even superstars like Albert Pujols had to start out somewhere, and for most kids who play baseball, that starting point is T-ball.
The Best and Worst of the 12-12-12 Hurricane Sandy Benefit
Yesterday's 12-12-12 benefit concert for Hurricane Sandy relief raised over $30 million dollars, but it wasn't all good. We're still cringing for Bobby Moynihan's awkward appearance as his 'SNL' character "Drunk Uncle," for example.
5 Annoying Things Pet Owners Do on Facebook
Now that the election is over, we can go back to being annoyed by the usual stuff on Facebook -- Farmville updates, the unceasing stream of invites to comedian friends' weekly shows, pictures that promise "likes" will somehow generate something for somebody somewhere ... and everybody's pets.
The Best Disney / Star Wars Mash-Up Art
The geekosphere was rocked today with the announcement that Disney has purchased Lucasfilm, the home of 'Star Wars,' for $4 billion. If that wasn't enough to inspire "Goofy shot first" jokes, Disney also announced plans to release a new 'Star Wars' movie in 2015 which will not be written or directed by George Lucas. (The creator fans love to hate will stay on in a creative consultant capacity.)
But fans of both "a galaxy far, far away" and The Mouse House have been creating awesome mash-up artwork as long as the internet (or at least DeviantArt) has been around.
Secret Fast Food Menu Items From Starbucks, McDonald's and More Revealed
Believe it or not, most fast food joints and quick service chains actually offer a lot more variety and ingenuity than their menus would suggest -- they just hide it from you for some sad, sad, reason.


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The Moment: Mayweather vs. Maidana Official Pay-Per-View 11x17 Poster
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'THE MOMENT: Mayweather vs. Maidana,' a 12-round world championship unification bout for Mayweather and Maidana's respective 147-pound titles, is promoted by Mayweather Promotions and Golden Boy Promotions. In the co-main event, Amir Khan faces Luis Collazo in a 12-round bout for Collazo's WBA International Welterweight title. The event will be produced and distributed live by SHOWTIME PPV (9 p.m. ET/6 p.m. PT) and is the third fight of Mayweather's lucrative multi-fight deal with Showtime Networks Inc.
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Karla has made an impact on concessions by enhancing the fan experience by incorporating unique Ovations concepts.
04-03-2014 People in Foodservice
Jessica Iery, dietary supervisor at Avera Prince of Peace Retirement Community in Sioux Falls, S.D., has made an impact on foodservice by bringing with her a positive attitude, computer skills and a willingness to embrace change.
03-12-2014 People in Foodservice
Queshaun Randall, food prep at Sodexo at the Pittsburgh Pirates' Pirate City spring training facility in Bradenton, Fla., has made an impact on foodservice by positively impacting team spirit and food quality due to his willingness to learn.
03-06-2014 People in Foodservice
Heather Kirby, dietary manager at the Medical Center of the Rockies in Loveland, Colo., has made an impact on foodservices by redesigning the flow of the office while working with her team to identify the areas needing improvement.
02-24-2014 People in Foodservice
Amanda Carlson, child nutrition director at Vestavia Hills City Schools in Vestavia Hills, Ala., has made an impact on foodservice by making positive healthy changes to the menu to follow new federal and state guidelines.
02-20-2014 People in Foodservice
Erin Thacker, R.D., nutrition and wellness educator at Chesapeake Public Schools, Chesapeake, Va., has developed documentation and works closely with the nurses at each school to help these students participate in the school's program.
01-08-2014 People in Foodservice
Kerry Chasteen, quality assurance manager/interim dining services manager at the University of Maine, Orono, has a great sense of urgency when dealing with important matters and having outstanding follow-through.
12-03-2013 People in Foodservice
Kelly Ornberg, R.D., nutrition services manager at St. Charles Health System, Redmond, Ore., communicates well with her on-site managers and supports their authority to manage in her absence.
11-26-2013 People in Foodservice
Emmy Durand, child nutrition education coordinator at Cypress-Fairbanks ISD, Houston, displays her passion for getting things done right and always looking for ways to do things better for the students.
10-25-2013 People in Foodservice
Ashley Basque, R.D., clinical dietitian, York Nursing and Rehabilitation Center, Philadelphia, is the only dietitian on staff for a 240-bed facility, never gets behind in her work and always finds time to assist others in any area she can.
What's New
We have increased revenue from guest trays to nearly $11,000 a month since we set up a system to allow patients and their visitors to buy trays using a credit card.
Industry News & OpinionView All
Marines at the Marine Corps Air Ground Combat Center, in Twentynine Palms, Calif., recently got a taste of the unfamiliar when Joseph Chu, owner of local Red Lotus Restaurant joined Marine cooks for a day to teach them how to prepare some of the restaurant's signature Vietnamese and Thai dishes.
Managing Your BusinessView All
After nearly 90 years of operation, the University of Maryland's (UMD) historic Maryland Dairy ice cream shop moved into new space, with the intent of increasing traffic and space.
Ideas & InnovationView All
Speed of service, variety, food quality and efficiency are all crucial in any successful foodservice operation. Needless to say, equipment can make or break you. Fortunately, innovative new equipment is coming to market to give you quality and flexibility you never thought possible.
Mondelēz International Foodservice
Category Management principles can help you understand your customers better, determine which products and brands appeal to them most and merchandise them the best way. Today, more than ever, you need to put the right products in your customers' hands.
Kraft Foodservice
Consumers today are getting smart about their health, and your patrons expect to see healthy choices alongside the not-so-healthy ones. As they wise-up, it's important for you—and for your business—to stay abreast of the latest trends to keep them satisfied and coming back for more.


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I'm trying to figure out if my neighbor's A is a demonstrator. It is red, but a lot of white shows up under the red. The serial number is 284204. Can anyone help me figure this out?
Farmall A Demonstrator?
Farmall Super A, AV, 1939 - 1954
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6 posts • Page 1 of 1
Farmall A Demonstrator?
I'm trying to figure out if my neighbor's A is a demonstrator. It is red, but a lot of white shows up under the red. The serial number is 284204. Can anyone help me figure this out?
Micah in Maine
1952 Farmall Cub
Re: Farmall A Demonstrator?
284204 would make it a 1950 Super A. Without knowing the SA demo serial number range, I'd say it's possible.
Don McCombs
MD, Deep Creek Lake
"1950 Something" Farmall Cub
1977 International Cub w/FH
1978 International Cub
1948 Farmall Super A
1951 Farmall Super C w/FH
Re: Farmall A Demonstrator?
The commonly accepted range of Super A demonstrators are 281269-285398. So that would make your neighbors Super a a demo
The commonly accepted range for C are 47010-54410
Re: Farmall A Demonstrator?
Where did this accepted range come from?
"Beauty through function and simplification."
"Raymond Lowey"
Re: Farmall A Demonstrator?
I got the numbers from Jim Becker. Our own local case and antique iron enrhusiast expert.
Re: Farmall A Demonstrator?
As stated, those numbers are the "accepted range". But documentation is poor on nearly everything demo related. From what I have seen, the demos are probably all in that range, but I am not convinced that everything in that range was originally a white demo.
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Tuba player from Pine Forest HS to play in Macy's Thanksgiving Day Parade
ESCAMBIA COUNTY -- It's one of the biggest, most watched parades in the United States.
The Macy's Thanksgiving Day Parade in New York City.
And a music student from Pine Forest High School will be there.
Chris Taylor has been playing the tuba since his freshman year.
He performed with the "Auburn Honor Band" during half-time at the Arkansas State game.
The band did not have enough musicians to perform in the Macy's parade, so Taylor was invited.
"I'm extremely excited. This is a great honor to go up there and perform with some of the best musicians and meet some of the celebrities up there."
He'll be playing for three-and- a-half million people live and more than fifty million who'll be watching on TV


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Jennifer lawrence
Jennifer Gives Paparazzi the Middle Finger After Dinner With Nicholas Hoult [NSFW PHOTOS]
In the world of celebrities, a simple night out to dinner with your boyfriend really isn't so simple. And when you're a worldwide, A-list, Academy Award-winning actress, it's even harder. Jennifer Lawrence witnessed this first hand when she and her boyfriend, Nicholas Hoult, were caught in a swarm of paparazzi after leaving a restaurant in London last night, April 24.
Woman Spends $25,000 on Plastic Surgery to Look Like Jennifer Lawrence [VIDEO]
There are people who want to look like Jennifer Lawrence -- and then there are people who are willing to spend thousands of dollars and undergo plastic surgery to make this a reality. Kitty, a 30-year-old dog trainer and mom from Texas, was one of the latter, spending thousands of dollars to go under the knife to look a little more like J. Law.
The Best Oscar Moments You May Have Missed: Jennifer Lawrence Trips, Travolta Trips Up and More
The 2014 Oscars were loooong. In fact, we can't be entirely sure that they're not still going on somewhere. So, you can't be blamed if you took a pee break, got up to get some snacks and/or dozed off and missed something. It's OK, we got your back. In case you missed anything, we have a full list of all the Oscar winners, plus this quick handy wrap-up of all the other fun moments you may have missed.
Jennifer Lawrence Falls on 2014 Oscars Red Carpet
Jennifer Lawrence's 2014 Oscars dress may be a throwback to her 2011 gown, but her red carpet walk channeled last year's awards.
Jennifer Lawrence Almost Died on 'Hunger Games: Mockingjay' Set
'American Hustle': The New 'Goodfellas'? [TRAILER]
I think 'American Hustle' could be the new 'Goodfellas', a movie that truly rocked my world. I couldn't believe how much I agreed with the seminal line "As far back as I can remember, I always wanted to be a gangster". I didn't want to be a gangster. But that movie made me feel like I wanted to.
Jennifer Lawrence Covers Vogue, Says She Always Knew She'd Be Famous
Academy Award-winning actress Jennifer Lawrence used to imagine the days when she would be famous. But now that it's here, it's not as glamorous as she thought it would be.


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Here's some boring footage of Benji Madden supposedly driving over a photog's foot. You hear a shocking cry of pain which everyone ignored, and then business as usual. Well, get out of the way, ass! The pap does have a tire mark or perhaps a choco …
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"Latest Need to Know on Recycling" Workshop
Produced by the Society of Plastics Engineers' Plastics Environmental Division
Monday March 19th, 1:00pm - 5:00pm
Hyatt Regency Atlanta, Atlanta, Georgia
Immediately preceding the Plastics Recycling Conference
Registration Fee $100
The Society of Plastics Engineers' (SPE) Plastics Environmental Division (PED) produces the premiere environmental conference each year focused on recycling, reclamation and bioplastics through their Global Plastics Environmental Conference (GPEC). Papers that highlight the way that the recycling industry is moving have been gleaned from GPEC and condensed to form this, the Latest Need to Know on Recycling workshop. Attendees will be given an overview of the plastics recycling world followed by focused presentations from industry leaders on topics that include:
Introduction to Plastics Recycling
Adrian Merrington Michigan Molecular Institute and Eco Bio Plastics Midland
Sustainability from Start to Finish: The Lifecycle Impacts of Plastic Packaging
Kelly Polich The Dow Chemical Company
Coca-Cola's Sustainable Packaging: Recycle and Renew
Shell Huang The Coca-Cola Company
Development of a Recycling Database for Material Re-Use and Landfill Tracking
Keith Weyer International Automotive Components
Research & Application of Post-Consumer Recycled Plastic in Electronic Products
James Drummond Lexmark Corporation
Polyclear® EBM PET: A Resin for Extrusion Blow Molded Containers that can be Recycled with PET
Frank Embs Indorama Ventures
Film Scrap Recycling/Reclaim Options
Dana Darley Process Control Corporation
Shredder Technologies for Improving Resin Reclamation Processes & Economics
John Farney Cumberland Engineering


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On Board With WickedEP Racing – At The Drags On An Air Strip 2013
A few weeks back I was asked by WickedEPRacing – The guys who are known to build some of the fastest Starlets the universe has ever seen, to join them at the 2013 Drags which was going to be held at the Katukurunda Air Strip. My immediate response was "Yes for sure".
The Pistontorque 2nd Year Meet Up – Turning Heads Wherever We Went That Day!
A few years ago i remember seeing the ever so famous super car meet which was held at the nawam mawatha car park… and i thought wow thats just brilliant. The selection of car that were present that day was insane! Since then i remember hearing a few friends of mine mentioning "back in that day… there was this super car meet where the best of Sri Lanka's performance cars met".
From then on the question that i kept asking my self was why hasnt it been happening… I never got the answer to that question until we celebrated our 1 year anniversary of pistontorque last year. Thats when i saw the true potential of our community! Everyone enjoyed last year and that was what made me come up with this meet up, which will from now on been an annual meet up!
Our 2nd Year meet up took place on the 3rd of February @3pm and below is what went down.
Pure Old School JDM >> Corolla KE70 Cruising Down town KL
After getting to KL i started staying up till late just to click and hear the awesome pieces of machines that prowl the city's streets.. It was during one of those nights that i happened to spot this Corolla KE70.
The car happens to have just completed 30yrs.. But it still looks and sounds great.. as it was my 1st time that i had ever seen such a car in this condition i was in awe! I hope the same could be done to the cars like this back at home in Sri Lanka…. Lets wait and see :) Who knows may be someday!!
- Ramien Hodgson


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SALISBURY, Md. - A Salisbury teen is behind bars, after he reportedly assaulted another after breaking into a home.
The Wicomico County Sheriff's Office says on Wednesday, around 8:30 PM, a Deputy responded to reports of an assault on S. Westover Drive in Salisbury. Once on scene, the Deputy reportedly found a 16-year-old victim with a fractured arm, and multiple abrasions on their face.
According to the victim, the assault happened outside of the home, then the victim went into their house, only to then have the suspect, 18-year-old Lashawn Butts, kick in the front door of the victim's house, and continue the assault.
The Deputy then located, and arrested Butts. He was charged with assault 1st degree, and burglary 1st degree, and is being held at the Wicomico County Detention Center on $75,000 bond.


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This really is the perfect location for a romantic holiday - beach side chalet's that are close enough to the crashing waves to plunge you into a luxurious fantasy of wall to wall beauty, peace and natural enrichment, but you're far enough away from the water, to feel safe. There were a lot of different types of accommodation on offer... More
- Reservation Options:
- TripAdvisor is proud to partner with Agoda, Asiatravel.com Holdings, Priceline, Orbitz, Booking.com, Otel, BookingOdigeoWL, HotelsClick and Tingo so you can book your KC Grande Resort & Spa reservations with confidence. We help millions of travelers each month to find the perfect hotel for both vacation and business trips, always with the best discounts and special offers.
- Also Known As:
- Kc Grande Resort And Spa
- Kc Grande Hotel Koh Chang
- Kc Grande Koh Chang


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Vacaville's junior varsity softball team opened the regular season with a 7-3 victory at Vanden.
Sydney White tripled, doubled and drover in two runs to lead the Bulldogs. Sophia Shimboff added two hits, and Vanessa Martin, Holly Chandler and Cassie Austin each hit well.
Destiny Dunham tossed a complete game with three strikeouts and no earned runs.


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Adorama, one of the more popular online purveyors of photo equipment (and other electronics), are offering a couple of awesome deals on Archos' 80 G9 tablets, selling the dual-core 1GHz 8GB model, as well as its 1.5GHz, 16GB counterpart for $250 each. Of course, since the 1.5GHz model was delayed, your purchase will essentially count as a pre-order, but $250 for this power-packed tablet is practically a steal, taking a cool $80 off the original price tag.
Remember that weird little Vizio tablet that was released back in July? Yeah, the one that works as a remote control for your Vizio Google TV. I feel like I'm not alone in thinking that it was slightly under-spec'd and drastically overpriced at launch, even if you can justify its use with your TV. Fortunately, Amazon has taken care of the latter issue by dropping the price down to a much more reasonable $199 with free shipping.
It's a pretty well known fact that, when trying to lose weight, you have to create a caloric deficit -- for every 3500 calories burned, that's one pound of weight lost. Thus, it takes a combination of diet and exercise to create said deficit. However, it is exceedingly difficult to keep track of your caloric intake, as well as calculate the calories burned for various activities. If you're serious about getting in shape, though, there is a solution: using an automatic body monitoring system like BodyMedia's FIT Armband.
For those unable to wait on the Galaxy Nexus, Samsung's Nexus S can still hold up against the competition in many ways. It may only pack a single-core processor, but it's a Nexus phone, meaning it is still one of Google's flagship Android devices, and will have active development and timely updates for a while yet. If you've been patiently waiting for your shot at a bargain on the Nexus S, now's your chance - Mobile Daily Steals is offering this beauty (unlocked) for just $299.99 with an international warranty, about $60 lower than Amazon's lowest price (without warranty).
Last month we saw an unlocked version of Samsung's Galaxy SII at Mobile Daily Steals for a cool $100 off its original price. If you were hoping to get an ever so slightly deeper discount on Samsung's hottest smartphone to date (still waiting on the Galaxy Nexus), your chance has arrived. For the next 24 hours, a "limited quantity" of SIIs are available on eBay for just $489.99.
If somehow you've forgotten, or haven't been paying attention, here are some of the SII's specs:
Android 2.3 Gingerbread
4.3" WVGA Super AMOLED Plus Display
8MP rear shooter and 2MP front shooter
1.2GHz Dual-Core ARM Cortex A9 Processor
Expandable Storage via MicroSD, up to 32GB
The unlocked SII will work on a wide array of networks, making it ideal for an off-contract purchase, or phone to take on trips.
I don't usually post Amazon Appstore apps outside of our social media accounts, but today I felt compelled. There are a few options when it comes to office replacement apps that can read and write all your docs, presentations, and spreadsheets - most of them costing over $10. I've been eyeing OfficeSuite for a while, but never really bothered to try it out.
Well, I just did because OfficeSuite Pro 5 is free at the Amazon Appstore today, and after playing with it, I have to say it's the best office app for Android I've tried so far (at least based on my first impressions).
So, you want to jump over to Sprint, but don't need the fastest device on the planet?
Both Amazon Wireless and Wirefly have a good deal going on the just released EVO Design 4G by HTC: $50. Update: It's still $50 at Wirefly, but Amazon Wireless just dropped the price to $30. Of course, this requires a new two-year contract, so all current Sprintsters will be stuck paying $80, which still saves about $20 over the in-store price.
As part of a special Halloween promotion, Gameloft is offering two of its premium titles (as well as Uno) on the Android Market for a paltry $0.99 each for a "limited time." We assume this means until Halloween, but Gameloft's app descriptions don't specify.
Order And Chaos is the largest (and really only) MMORPG on Android, and with your $0.99 purchase you'll receive a free 3 month game subscription, after which you'll have to pay a monthly fee to continue accessing the game.
It looks like Amazon's Gold Box and Woot! have paired up to offer a discount on the Motorola Xoom today. If you hurry, you can grab a factory refurbished, 32GB Xoom for just $339.99 (with free shipping), which is about $15 less than the last deal we saw from Woot! on the original Honeycomb tablet.
The deal will only be available until 12AM PDT tomorrow, so if you've been waiting for your chance to get a Xoom on the cheap, head over to Amazon and take advantage of the discount before time runs out.
AT&T's fall line-up of smartphones got a boost today with the Motorola Atrix 2 going on sale for $99.99 with a 2-year contract.
However, if you are a new customer signing up for a 2-year contract, we would strongly recommend heading to AmazonWireless and picking up the device for only $49.99.
Unfortunately, the deal isn't so great for current customers as they will have to pay $199.99 for the handset.


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Photo by: courtesy
Prof. Joseph Borman's open heart
By JUDY SIEGEL-ITZKOVICH
One of Israel's leading cardiothoracic surgeons for decades, who pioneered in open-heart surgery and performed Israel's first heart transplant, writes a fascinating new autobiography.
What an exquisite life! Prof. Joseph Borman has not only been happily married to Ruth for almost 56 years and produced three successful children and grandchildren. The one-time South African immigrant to Jerusalem and cardiothoracic surgeon also saved many thousands of lives, trained generations of young surgeons, conducted and published research, pioneered and perfected openheart surgery at Hadassah University Medical Center and performed Israel's first successful heart transplant.
Borman, still contentedly living with Ruth in Jerusalem and almost 85 years old, tells his life story in a new, 175- page, English-language autobiography. Called Open Hearts: Memoirs of a Cardiac Surgeon and issued for $18 by the Gefen Publishing House, the book presents his experiences and accomplishments in a professional and family context that includes visits to some 60 countries around the world.
"I wish to be remembered as an individual who carried out his allotted time on this earth to the best of his ability in the most humane fashion," goes his epilogue on the final page. Not every physician could honestly say the same. Known as the "gentleman of the medical profession," Borman was loved by patients and their families for his humane and respectful attitude to them.
"Most of us oldies develop odd pains and sometimes even more serious problems. Yet Ruth and I, while these words are being written, still attempt to lead a much toneddown culture and social life, enjoying theater, movies, and, best of all, just being together."
Three years ago, he developed choking attacks and recurrent episodes of severe double pneumonia. His doctors concluded that they came from problems related to radiotherapy of his larynx following the diagnoses of a tumor on his vocal cords (although he had never smoked). It was decided that he should stop eating and instead temporarily receive most of his calories directly to his intestines, in the hope that eventually his pulmonary complications would disappear, allowing him to ingest nearly everything normally again.
"Maybe it would be better," Borman philosophizes, "as the bit often attributed to comedian George Carlin goes, if our life cycle went backward. You should die first – get it out of the way. Then you are old and decrepit and live in an old-age home. You get kicked out when you're too young.
You get a gold watch; you go to work. You work for 40 years until you're young enough to enjoy your retirement. You go to college – you do drugs and alcohol, you party, you prepare for high school. You enter grade school, you become a kid, you play, and you have no responsibilities.
You become a baby; you go back into the womb. You spend our last nine months floating; you finish off as an orgasm."
THE GREAT heart surgeon was "conceived and born [in July 1929 to Leah and Zalman Boruchman] in the same little bedroom in Krugersdorp, a gold-mining town not far from Johannesburg. I was a first-generation child of immigrants to South Africa from Lithuania and Latvia," he begins his volume. Before his father got married, he spent 1924 building roads in Mandatory Palestine, but then boarded a ship to Cape Town where he arrived penniless.
Starting by selling used bottles, Zalman prospered and established a general store and then sold furniture. Most of his family were massacred by the Nazis. Joe and his older sister Hannah enjoyed a pleasant childhood.
His bar mitzvah was observed when Hitler's armies conquered much of Western Europe and North Africa. Joe had thought of studying business administration but when his sister completed her physiotherapy degree at Witwatersrand University and gave him her textbooks it piqued his interest in medicine. He managed to be admitted to medical school. Their mother died of cancer at the age of 47. In 1951, Joe received his MD at Witwatersrand, conducted animal research and decided on a surgical specialty.
To pass the surgical exams of the Royal College of Surgeons of England, Borman went to London to study.
Well-prepared and lucky, he was one of 20 percent of those to pass the exams, and at the age of 27 he became a certified fellow of the eminent Royal College, giving him entry to a surgical career.
In 1956, Borman made his first visit to the fledgling Jewish state when his father and stepmother Sonia invited him to come along on their trip. He was offered a date with a "lovely girl, an officer in the Israel Defense Forces," and thought she would be an "Amazonian who would flip me over her shoulder if she thought I was getting out of line."
He turned down the idea, instead going on a tour of Haifa at night. He returned to Woolwich Memorial Hospital on the outskirts of London and progressed in his skills. One day he received a call from "an Israeli girl who said that she had a letter for personal delivery to him" from a friend in Haifa. When they finally met, it turned out to be the IDF officer whom he had declined to meet in Israel.
But Ruth Lichter of Haifa turned out to be "a most attractive, blonde, blue-eyed beauty, soft-spoken and shy."
Although he had been going with a non-Jewish girl from New Zealand, Joe was smitten with the Israeli teacher, but Ruth was rather cool. After a short romance, they decided to marry and did so in a London synagogue.
They moved to Canterbury where Joe received a hospital position and found an old house in the nearby village of Bridge. Joe read aloud to Ruth in English, while she taught him conversational Hebrew. They were "deliriously happy." When she informed him that she was pregnant, Borman was overjoyed. They decided to move to Johannesburg to settle down, and he planned to open a general surgery practice. But as fate would have it, they decided to see European cities, and instead of going to Athens from Rome, they ended up in Israel and visited Ruth's parents in Haifa.
Visiting Jerusalem to see a 10th anniversary of Independence exhibition, Joe went to Hadassah Hospital, where he met deputy director-general Dr. Jack Karpas, a former South African. On the spot, he offered Joe a job as assistant to the director of cardiothoracic surgery, Prof. Hanoch Milwidsky.
Ruth urged him to accept it. They never looked back, even though the staff knew little English and his Hebrew was not yet very good. Surgical services were located in the center of town, opposite Bikur Cholim Hospital.
Ruth gave birth in Jerusalem to a daughter, Margalit (who is married today to Prof. Amitai Ziv, a former Israel Air Force fighter pilot who studied medicine and is now deputy director of Sheba Medical Center and world renowned for his expertise in simulation for teaching medical students).
In 1962, Hadassah moved into its "magnificent new campus in Ein Kerem," replacing the cramped old-fashioned conditions Borman had experienced in Straus Street, but the Borman family moved to Los Angeles for a postgraduate year at a research lab, where he leaned the basics of open-heart surgery and clinical work at St. Vincent's Hospital.
Recalling the development of heart surgery since 1896, when a German surgeon carried out the first successful cardiac operation, on a man who was stabbed in the heart, Borman noted that in the 1920s, surgeons tried to widen narrowed heart valves blindly by poking a finger in. In the 1960s, after techniques were developed to treat "blue babies" with congenital defects that routed oxygenated blood out the wrong way, bypasses were developed, using blood vessels from other parts of the body to replace defective ones.
ARMED WITH expertise in the latest openheart surgery techniques, Borman and his team set about to perform the operation – stopping the heartbeat to operate while the blood flow was continued with a heartlung machine, followed by the heart being restarted with an electric shock.
Open-heart surgery in those early days was very risky compared to today, when it is routine. Among the pioneers here were Prof. Danny Gur (Sheba Medical Center), Prof.
Morris Levy (Beilinson Hospital) and Borman, who headed Hadassah's cardiothoracic surgery department for 25 years.
When some patients attached to the mechanical pump for hours suffered damage to the brain, heart and kidneys because of air bubbles forming in the circulating blood, Borman flew to Denmark. Thee he learned from a cardiothoracic surgeon who had developed a cheap, disposable bubble oxygenator that eliminated the problem; Borman had a supply dispatched by air express to Jerusalem, and the problem was solved.
When the Six Day War broke out in June, 1967, the cardiothoracic surgeon was "lent" to Soroka Hospital in Beersheba to operate on wounded soldiers as his family remained in Jerusalem. "You know," he told Ruth by phone, "if I have never before understood exactly why I am in Israel, today I have the answer. I feel so much a part of the country. I feel I am contributing in the most meaningful way I can to the care of the wounded and to the welfare of Israel as a whole. I shall never again have doubts about our decision to settle in this small, developing land – which is our own and which is so dear to Jews all over the world."
Borman recalls being called in the middle of closing up the chest of a wounded soldier only to see another soldier, the 19-year-old son of a gynecologist colleague named Prof. Lancet, who had no pulse or heartbeat following a bullet wound to his groin.
With no time even to scrub up, he cut into the leg and managed to find the main artery that had been damaged and gushed with blood. Several precious minutes had passed before Borman could get the heart beating and the hemorrhage stopped, and the soldier faced the risk of severe brain damage. But two hours later, he walked to the recovery room and asked where the soldier named Lancet was lying.
A young man with a bandaged arm sat up in bed said he was the one. Borman couldn't believe it and looked for the wound in the groin. But he was the one. Today, the "soldier named Lancet" is Prof. Doron Lancet, a brilliant senior geneticist at the Weizmann Institute of Science who made a major contribution in maping the human genome.
The world was astounded in 1967 when Dr. Christiaan at Groote Schuur Hospital in Cape Town performed the first human heart transplant. Louis Washkansky lived for 18 days, but died of pneumonia; his heart had beaten strongly until he died. But because of the problem of organ rejection by the patient's immune system, the breakthrough surgery had to wait years until it could become safe thanks to the anti-rejection drug cyclosporine.
Borman prepared to bring heart transplantation to Hadassah with Dr. Mervyn Gotsman, a brilliant cardiologist from South Africa who joined the hospital in 1973 (and later became the chief of cardiology and personal physician of Menachem Begin and himself retired several years ago).
After they became immersed in learning the technique, the main problems were lack of donor organs and ultra-Orthodox opposition – including street posters – to the recognition of lower-brain death as a prelude for removing the heart. But in August 1987, a donor organ became available at Rambam Medical Center and Borman and his team performed Israel's first successful heart transplant at Hadassah.
"The pale, limp heart gradually becomes pink. The muscle begins to tremble – ventricular fibrillation – at first weakly and then stronger and strong fibrillation... 'Shock,' I command, and the pump technician presses the illuminated red button on the defibrillator... And then a faint beat, a pause, a stronger beat, a few more random beats – the heart is beating faster and now it is beating regularly, strongly, beautifully."
The patient survived for some 30 months until he succumbed to a stroke. His second heart transplant patient was still alive when the book was published and continues to call Borman before Rosh Hashana and Passover to wish him well every year. He is one of the longest-surviving heart-transplant patients in the world.
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Survey of nurses finds 'moderate' verbal abuse
Anyone who has been in the work world for a while knows that now and then, tempers flare and civility suffers. But what if you were subjected to nastiness - insults, yelling, cursing, condescension, humiliating jokes, the cold shoulder - on a constant basis? Assessing the frequency and impact of verbal abuse in nurses' workplaces was one of the aims of the RN Work Project, a 10-year, multistate study of registered nurses' work life, funded by the Robert Wood Johnson Foundation in Princeton. The study was launched in 2006 to better understand and avert nursing shortages, a periodic problem that reflects not only supply and demand, but also social, economic, and technological trends.
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Do you think you have what it takes to be BroadwaySpotted's Next Big Star? Enter for your chance to perform LIVE at The Davenport Theatre in front of a panel of industry professionals including Ken Davenport, Cesar Rocha, Robert Sussuma and Georgia Stitt! One lucky winner will receive the grand prize package.
We're looking for singers 16+ from across the country to enter our search for BroadwaySpotted's Next Big Star. Submissions and voting for our top ten finalists will occur online and the top 5 guys and top 5 girls will perform at our live event! Our guest judges and audience will vote for the Next Big Star!
The Grand Prize Winner will receive:
- A private work session with a Broadway Casting Director (Cesar Rocha from Telsey + Company)
- $500
- A Voice Lesson with acclaimed Voice Teacher Robert Sussuma.
- A spot in Tony-Award Winning Broadway Producer Ken Davenport's "How to Nail Your Audition Workshop"
- An autographed copy of Rock The Audition by Sheri Sanders
- A 30 minute headshot photoshoot with an NYC photographer
- 2 free hours in a rehearsal space at The Davenport Studios in Midtown Manhattan
Rules and Guidelines:
- Must be at least 16 years old at the time of the live contest (May 22nd)
- The video you submit should be a song of your choice, 1-2 minutes long. Pick a song that highlights your talent and personality!
- In the description of your YouTube entry, you must include a link to this page (www.broadwayspotted.com/nextbigstar)
- Your YouTube video title must include "BroadwaySpotted's Next Big Star" in addition to your first and last name (i.e. BroadwaySpotted's Next Big Star – Adele Dazeem)
- One entry per person
- Finalists will be responsible for their own transportation to the live contest
- One vote for the finalists per email address
The live contest will be hosted by Sheri Sanders (Rock the Audition) with Ken Davenport, Cesar Rocha, and Robert Sussuma and Georgia Stitt!


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Lets Play Monday - Let's Play - GTA IV: Cops 'n Crooks Part 1
People Who Liked This Video Also Liked
Did this video help you?
NinjaPups: goddam, this game looks like rubbish nowadays xD
RedstoneRay: still love watching these
sofrech1991: I don't want to say it... but I will anyway. For some reason, GTA IV is so much more enjoyable to watch than GTA V.
Desmond Michael: if gavin switch with any member on the gents then the lads will never loose
lawn loom: When are then gona put cops in crocks in freaking gta v god danm
YollowBoys: Play GTA V?
xboxhighflyer187: Gta 3 graphics compared to gta 5
Maxine Hartnett: This would make a great movie
RoseSerena: Aw man I miss these. I wish they had Cops n' Crooks in GTA V.
Fulgrim308: I honestly preferred the driving in gta4 than in gta5, its felt to much like a racing game, the should have made it half way between the two.
James L: One wish before I die someday? Have a freakin lets play on GTA 4 with the RT team... best. day. ever. (that'll. never. happen.)
oneannoyingwhiteguy: Ryan: he's on a Bike, he's not innocent.....
Anthony Volpe: the 10th minute of this video ( 9:00 - 10:00 ) probably the most remembrable moment in Achievement Hunter
Nick from TGOT: Ray Narvaez Jr., moto/super cop
Gamer Lord Maxxumus: Captain Moto and his partner Sgt. Scooter
lazyartist Last: i wish they had put 16:35 into their top 15 videos of 2013 instead of when the lads rolled up and shot them
Jonathon Plumbley: Such a great Let's Play.....
Brandon C. Maximum: Did Gavin get autotuned? 6:45
Atari Doesgaming: 9:14 OH MY GOD I CANT STOP LAUGHING xD
AllyOJustice: How's Dave Battlemen?
Ivaylo Major: American muscle cars are like the worst get-a-away cars of all time.
Kai-Reece Vaughns: #motorcop
XxLegitshitxX: This video is the only reason why I started playing on xbox haven't stopped yet.
Magik Muffin: Why rockstar didnt put this into GTA V is beyond me.
Malissa Ford: Lets Play!!
john basedow: OMG I wish I was friends with these guys. I wanna be in their group and giggle with them
MyNormalVideos: Let's stop
UrWindowWatcher: 4:06 and 4:10 sound like something some characters would say in some racing game
onlykindacrazy: That Lad win at 28 minutes was BS.
MERPjustin: Did anyone else crack up at 17:03 when Ryan just shot out that guy in the car and the blood splattered on the window? Plus he kept driving.
TeenGames: This video made me love the lads
Wraithstrike19: Every time they drive off a jump or an edge, I sit here thinking that it's flashed into Transformers-level action.
Chris Kweon: 06:48 Cops are drive-by shooting RoF LMFAO
Drew P. Wiener: This is real cops n crooks
Jacques Arnold: Ear rape at 28:03
TheAnonymousGuy: MOTO COP
MLN Shifty: That's the first drive by shooting i've seen where the cops did the shooting.
Paul Peddy: if 9:00 happened in real life......
XDUDEXE3: in to about 9 mins i realised i have already watched this
LordSvzklx: so much laughter. why have I never watched these before?
Saurabh Narain: Watching these at half speed is entertaining.
Geraldine Rambano: I like how they open up to Jack saying "We are cops." and Gavin blurting out "COPS" like how Sis from RvB does it.
Cameron Wagner: THE ROAD'S UNFINISHED!! ITS LIKE SPEED!!
MadBird: what is guyme night??
ac130bg: 9:10, best moment!!
Ray Timmer: Having both played GTA IV and V I still love GTA IV more than GTA V. Just something about it that makes everything extremely hilarious.
Nathan Watts: Make this a live action movie
GraveMindII7: I came here for 9:00
Michelle Samson: this makes my day
Cap'n Cheshire: "Absolutely Geoff.. outside this game :3" x'D 13:47 - 14:06 <3
Lets Play Monday - Let's Play - GTA IV: Cops 'n Crooks Part 1 4.9 out of 5


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UK terror threat level raised amid fears of Jihadist attacks
Britain's terror threat level was dramatically raised to severe today amid fears that UK jihadists returning from Iraq and Syria could launch attacks.
17 March 2013
The body of a man who died in a New Delhi jail while in the midst of a high-profile rape trial was released to his family today after a post-mortem exam aimed at determining whether he committed suicide or was killed.
12 March 2013
The alleged ringleader of the Delhi bus gang rape could not have hanged himself in prison because he had a badly injured hand, his father claimed today.
11 March 2013
It's one big Namaste for Boris Johnson. Some business execs who met David Cameron and his delegation to India a fortnight ago say it was the Mayor who sold Britain to Indian investors better during his recent trip.
05 March 2013
20 February 2013
India's president has approved dramatically tightened rape laws recommended by the government.
04 February 2013
25 January 2013
13 January 2013
12 January 2013
The father of a student gang-raped, beaten and murdered in India has called on his country to change and stop ignoring attacks on women.
09 January 2013


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SandRidge Energy Inc. directors on Thursday urged shareholders to reject a plan to oust the board, noting the move would be a "change of control" that could cost the company more than $4.3 billion.
The regulatory filing...
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Home » News » Education
New math program has its NH detractors
Some school districts in New Hampshire that are reporting good results with a controversial math program for elementary students have tweaked, revised and supplemented the Everyday Math program to make sure students learn the basic facts that critics say the program glosses over.
Parents who see their children using the Everyday Math way of doing arithmetic are often confounded as they watch their children getting solutions by working left to right.
The math learning program was designed for elementary schools and stresses understanding over memorization.
Advocates say it builds a foundation that will lead more students to go further in math.
"There are more kids, who could learn more math if it was taught correctly," said Rosanne O'Donnell, a consultant for McGraw-Hill, the publisher of the series. "
Critics include people who excelled at the learn-by-rote methods.
"It stresses self-discovery far, far too much," said Tony Falcone, who holds undergraduate degrees from MIT and a doctorate in mathematics. "What they want is for students to develop conceptional knowledge, rather than rigor or something you can learn by rote."
Falcone was part of an effort to persuade Hollis school officials to jettison the major part of the program.
More recently, parents in Manchester raised objections to the program, citing difficulties students had in mastering high school algebra after exposure to the Everyday Math world of "conceptual understanding and problem-solving skills."
In Bedford, administrators report different results.
"We more than doubled the kids who successfully finished algebra one by the end of eighth grade," said Chip McGee, assistant superintendent in charge of curriculum in the Bedford School District.
After using Everyday Math as it came, out of the box, changes were made.
"We began to make tweaks that were important, given the student performance on the NECAP," McGee said. "We saw the need for kids who struggle to spend more time with these kinds of basic numerical skills."
Parts of the program that testing revealed didn't work well were dumped.
"Some are extremely helpful and we found a couple that we don't think are helpful and we've gotten them out, we don't teach them any more," McGee said.
In Concord, Linda Stuart, the school district math coach, says the core of the Everyday Math program is sound.
"Our kids are coming out with lots of reasoning skills, they're strong math thinkers, they make sense of problems, they are actually even learning to explain their thinking and explain what they're doing," Stuart said.
Everyday Math does a lot of teaching through gaming, which enables teachers to track student performance, but which are sometimes unwieldy in a classroom of 25 pupils.
The answer in Concord was to buy a computer program, Fastt Math, to aid in teaching basic facts.
Stuart said she also gets together with groups of teachers and they observe each other teaching math concepts, then meet to refine the ways in which it is taught.
In Bedford, the school district conducts an annual Curriculm Institute prior to the start of the school year, aimed at district-wide implementation of the best emerging teaching techniques.
Manchester, where parents complain about the transition from elementary to secondary school math, curriculum coordinators have been lost to budget cutting.
"We have a full-time K-8 math and science curriculum coordinator and she identified the issues," Mcgee said. "We instituted a systematic approach to what the gaps were and agreed on changes that we will make and changes we won't make."
Asked about whether the district could improve its handling of Everyday Math by including more professional development time for math teachers, Michael Tursi, the assistant superintendent in charge of curriculum spoke generally about teacher training.
"Any time we have an opportunity for professional development around any type of curriculum and resources I think that will be beneficial," Tursi said in a brief interview."
Supporters of the back-to-basics approach, and advocates of Everyday Math do have one area of agreement.
Teaching - and learning - math requires commitment, not magic.
"If (professional development for teachers) is not there, they're not going to get the full power of Everyday Math," O'Donnell said. "Everyday Math can still change things for the better, but they won't get the full benefit."
Falcone, the mathematician, in convinced that schools would do well to get out the flash cards and assign students to do problem sets.
"I know for an absolute fact that many of the students who get to the higher levels in college have had the idea of describing problems explained to them but are still missing the key ingredient," Falcone said. "It's like getting a membership to a gym and going every day and wondering 'why aren't I in better shape, I watch people work out every day.'"
Concord's Stuart says Everyday Math, with some tweaking, can also get students into math-problem-solving shape.
"If we teach kids to think and reason and understand what they are doing, you will have math thinkers and highly qualified (students)," she said.
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A fire broke out in a home in St. Tammany Parish Thursday, while the owner sleeps.
Fire officials say it happened just after 6:00 a.m. in the 90-block of Chamale Cove West. They say a neighbor woke the owner by repeatedly knocking on the door.
According to officials, it took firefighters from St. Tammany Fire District #1 less than 10 minutes to get it under control. No injuries were reported.
Officials believe an electrical short near the electric meter started the fire.
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10 Healthy Tailgating Snack Ideas
Fill up on these low calorie or low fat appetizer recipes to keep your weight from rivaling an NFL linebacker's this football season.
Follow 6 / 11
Salsa-y Black Bean Guacamole Dip with Baked Lentil Chips
While avocado is a healthy fat, too much of any fat is a turnover. Try a guacamole dip that substitutes half of the avocado with low-calorie, spicy salsa and high-protein black beans. And while you're at it, skip the fried, trans fat-laden corn chips and opt for saving about 6g of fat per serving with baked lentil chips.
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