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Confusion in Brussels
I already noticed how the post-Jackson Hole Consensus is inconsistent with the continuing emphasis of European policy makers on supply side measures. In these difficult times, the lack of a coherent framework seems to have become the new norm of European policy making. The credit for spotting another serious inconsistency this time goes to the Italian government. In the draft budgetary plan submitted to the European Commission (that might be rejected, by the way), buried at page 12, one can find an interesting box on potential growth and structural deficit. It really should be read, because it is in my opinion disruptive. To summarize it, here is what it says:
- A recession triggers a reduction of the potential growth rate (the maximum rate at which the economy can grow without overheating) because of hysteresis: unemployed workers lose skills and/or exit the labour market, and firms scrap productive processes and postpone investment. I would add to this that hysteresis is non linear: the effect, for example on labour market participation, of a slowdown, is much larger if it happens at the fifth year of the crisis than at the first one.
- According to the Commission's own estimates Italy's potential growth rate dropped from 1.4% on average in the 15 years prior to the crisis (very low for even European standards), to an average of -0.2% between 2008 and 2013. A very large drop indeed.
- (Here it becomes interesting). The box in the Italian plan argues that we have two possible cases:
- Either the extent of the drop is over-estimated, most probably as the result of the statistical techniques the Commission uses to estimate the potential. But, if potential growth is larger than estimated, then the output gap, the difference between actual and potential growth is also larger.
- As an alternative, the estimated drop is correct, but this means that Italy there is a huge hysteresis effect. A recession is not only, as we can see every day, costly in the short run; but, even more worryingly, it quickly disrupts the economic structure of the country, thus hampering its capacity to grow in the medium and long run.
The box does not say it explicitly (it remains an official government document after all), but the conclusion is obvious: either way the Commission had it wrong. If case A is true, then the stagnation we observed in the past few years was not structural but cyclical. This means that the Italian deficit was mainly cyclical (due to the large output gap), and as such did (and does) not need to be curbed. The best way to reabsorb cyclical deficit is to restart growth, through temporary support to aggregate demand. If case B is true, then insisting on fiscal consolidation since 2011 was borderline criminal. When a crisis risks quickly disrupting the long run potential of the economy, then it is a duty of the government to do whatever it takes to fight, in order to avoid that it becomes structural.
In a sentence: with strong hysteresis effects, Keynesian countercyclical policies are crucial to sustain the economy both in the short and in the long run. With weaker, albeit still strong hysteresis effects, a deviation from potential growth is cyclical, and as such it requires Keynesian countercyclical policies. Either way, fiscal consolidation was the wrong strategy.
I am not a fan of the policies currently implemented by the Italian government. To be fair, I am not a fan of the policies implemented by any government in Europe. Too much emphasis on supply side measures, and excessive fear of markets (yes, I dare say so today, when the spreads take off again). But I think the Italian draft budget puts the finger where it hurts.
The guys in Via XX Settembre dit a pretty awesome job…
Smoke Screens
I have just read Mario Draghi's opening remarks at the Brookings Institution. Nothing very new with respect to Jackson Hole and his audition at the European Parliament. But one sentence deserves commenting; when discussing how to use fiscal policy, Draghi says that:
Especially for those [countries] without fiscal space, fiscal policy can still support demand by altering the composition of the budget – in particular by simultaneously cutting distortionary taxes and unproductive expenditure.
So, "restoring fiscal policy" should happen, at least in countries in trouble, through a simultaneous reduction of taxes and expenditure. Well, that sounds reasonable. So reasonable that it is exactly the strategy chosen by the French government since the famous Jean-Baptiste Hollande press conference, last January.
Oh, wait. What was that story of balanced budgets and multipliers? I am sure Mario Draghi remembers it from Economics 101. Every euro of expenditure cuts, put in the pockets of consumers and firms, will not be entirely spent, but partially saved. This means that the short term impact on aggregate demand of a balanced budget expenditure reduction is negative. Just to put it differently, we are told that the risk of deflation is real, that fiscal policy should be used, but that this would have to happen in a contractionary way. Am I the only one to see a problem here?
But Mario Draghi is a fine economist, many will say; and his careful use of adjectives makes the balanced budget multiplier irrelevant. He talks about distortionary taxes. Who would be so foolish as not to want to remove distortions? And he talks about unproductive expenditure. Again, who is the criminal mind who does not want to cut useless expenditure? Well, the problem is that, no matter how smart the expenditure reduction is, it will remain a reduction. Similarly, even the smartest tax reduction will most likely not be entirely spent; especially at a time when firms' and households' uncertainty about the future is at an all-times high. So, carefully choosing the adjectives may hide, but not eliminate, the substance of the matter: A tax cut financed with a reduction in public spending is recessionary, at least in the short run.
To be fair there may be a case in which a balanced budget contraction may turn out to be expansionary. Suppose that when the government makes one step backwards, this triggers a sudden burst of optimism so that private spending rushes to fill the gap. It is the confidence fairy in all of its splendor. But then, Mario Draghi (and many others, unfortunately) should explain why it should work now, after having been invoked in vain for seven years.
Truth is that behind the smoke screen of Draghinomics and of its supposed comprehensive approach we are left with the same old supply side reforms that did not lift the eurozone out of its dire situation. It' s the narrative, stupid!
The Lost Consistency of European Policy Makers
Just a quick note on something that went surprisingly unnoticed so far. After Draghi's speech in Jackson Hole, a new consensus seems to have developed among European policy makers, based on three propositions:
- Europe suffers from deficient aggregate demand
- Monetary policy has lost traction
- Investment is key, both as a countercyclical support for growth, and to sustain potential growth in the medium run
My first reaction is, well, welcome to the club! Some of us have been saying this for a while (here is the link to a chat, in French, I had with Le Monde readers in June 2009). But hey, better late than never! It is nice that we all share the diagnosis on the Eurocrisis. I don't feel lonely anymore.
What is interesting, nevertheless, is that while the diagnosis has changed, the policy prescriptions have not (this is why I failed to share the widespread excitement that followed Jackson Hole). Think about it. Once upon a time we had the Berlin View, arguing that the crisis was due to fiscal profligacy and insufficient flexibility of the economy. From the diagnosis followed the medicine: austerity and structural reforms, to restore confidence, competitiveness, and private spending.
Today we have a different diagnosis: the economy is in a liquidity trap, and spending stagnates because of insufficient expected demand. And the recipe is… austerity and structural reforms, to restore confidence, competitiveness, and private spending (in case you wonder, yes, I have copied-pasted from above).
Just as an example among many, here is a short passage from Mario Draghi's latest audition at the European Parliament, a couple of weeks back:
Let me add however that the success of our measures critically depends on a number of factors outside of the realm of monetary policy. Courageous structural reforms and improvements in the competitiveness of the corporate sector are key to improving business environment. This would foster the urgently needed investment and create greater demand for credit. Structural reforms thus crucially complement the ECB's accommodative monetary policy stance and further empower the effective transmission of monetary policy. As I have indicated now at several occasions, no monetary – and also no fiscal – stimulus can ever have a meaningful effect without such structural reforms. The crisis will only be over when full confidence returns in the real economy and in particular in the capacity and willingness of firms to take risks, to invest, and to create jobs. This depends on a variety of factors, including our monetary policy but also, and even most importantly, the implementation of structural reforms, upholding the credibility of the fiscal framework, and the strengthening of euro area governance.
This is terrible for European policy makers. They completely lost control over their discourse, whose inconsistency is constantly exposed whenever they speak publicly. I just had a first hand example yesterday, listening at the speech of French Finance Minister Michel Sapin at the Columbia Center for Global Governance conference on the role of the State (more on that in the near future): he was able to argue, in the time span of 4-5 minutes, that (a) the problem is aggregate demand, and that (b) France is doing the right thing as witnessed by the halving of structural deficits since 2012. How (a) can go with (b), was left for the startled audience to figure out.
Terrible for European policy makers, I said. But maybe not for the European economy. Who knows, this blatant contradiction may sometimes lead to adapting the discourse, and to advocate solutions to the deflationary threat that are consistent with the post Jackson Hole consensus. Maybe. Or maybe not.
Wrong Debates
Paul Krugman has a short post on the Eurozone, today (I'd like him to write more about us; he has been too America-centered lately), pointing out that the myth of fiscal profligacy is, well, just a myth. in fact, he argues, the only fiscally irresponsible country, in the years 2000 was Greece. It is maybe worth reposting here a figure that from an old piece of this blog, that since then made it into all my classes on the Euro crisis:
The figure shows the situation of public finances in 2007, against the Maastricht benchmark (3% deficit and 60% debt) before the crisis hit. As Krugman says, only one country of the so-called PIIGS (the red dots) is clearly out of line, Greece. Portugal is virtually like France, and Spain and Ireland way better than most countries, including Germany. Italy has a stock of old debt, but its deficit in 2007 is under control.
So Krugman is right in reminding us that fiscal policy per se was not a problem before the crisis; And yet, what he calls fiscal myths, have shaped policies in the EMU, with a disproportionate emphasis on austerity. And even today, when economists overwhelmingly discuss unconventional measures available to the ECB to contrast deflation, fiscal policy is virtually absent from the debate and continued fiscal consolidation is taken for granted. I will write more on this in the next days, but it is striking how we aim at the wrong target.
Greek Tragedies, 2014 Edition
Last week's publication of a Lancet article1 on the effect of austerity on Greek public health made a lot of noise (for those who know Italian, I suggest reading the excellent Barbara Spinelli, in La Repubblica).
The Lancet article sets the tone since the abstract, talking of "mounting evidence of a Greek public health tragedy". It is indeed a tragedy, that highlights how fast social advances may be reversed, even in an advanced economy.
Some time ago (March 2012) I had titled a post "Greek Tragedies". Mostly for my students, I had collected data on Greek macroeconomic variables. I concluded that austerity was self-defeating, and that at the same time it was imposing extreme hardship on Greek citizens. Of course one needed not be a good economist to know what was going on. It was enough not to work at the Commission or in Germany… But the Lancet article also allows to substantiate another claim I made at the time, i.e. that austerity would also have enormous impact in the long run. It is weird to quote myself, but here is my conclusion at the time:
Even more important, investment (pink line) was cut in half since 2007. This means that Greece is not only going through depressed growth today. But it is doing it in such a way that growth will not resume for years, as its productive capacity is being seriously dented.
What makes it sad, besides scary, is that behind these curves there are people's lives. And that all this needed not to happen.
I think it is time for an update of the figure on the Greek tragedy. And here it is:
I said in 2012 that investment cut in half spelled future tragedy. Two years later it is down 14 more points, to 36% of 2007 levels. I am unsure the meaning of this is clear to everybody in Brussels and Berlin: when sooner or later growth will resume, the Greek will look at their productive capacity, to discover it melted. They will be unable to produce, even at the modest pre-crisis levels,without running into supply constraints and bottlenecks. I am ready to bet that at that time some very prestigious economist from Brussels will call for structural reforms to "free the Greek economy". By the way, seven years into the crisis, the OECD keeps forecasting negative growth together with unsustainable (and growing) debt.
I also added unemployment to my personal "Greek Tragedy Watch": Terrifying absolute numbers (almost 30% unemployment overall, youth unemployment around 60%, more than that for women!). And absolutely no trend reversal in sight. A final consideration, related to the melting of the capital stock. How much of this enormously high unemployment, is evolving into structural? How many of the unemployed will the economy be able to reabsorb, once it starts growing again? Not many, I am afraid, as there is no capital left.
Not bad as an assessment of austerity… And yet, just this morning the German government complained for a very limited softening of austerity demands. Errare umanum est, perseverare autem diabolicum…
1. Kentikelenis, Alexander, Marina Karanikolos, Aaron Reeves, Martin McKee, and David Stuckler. 2014. "Greece's Health Crisis: From Austerity to Denialism." The Lancet 383 (9918) (February): 748–753. Back
Incomprehensible? Really?
Germany rejected the US Treasury's criticism of the country's export-focused economic policies as "incomprehensible". Much has been said about that. Let me just add some pieces of evidence, just to gather them all in the same place.
Exhibit #1: Net Lending Evolution
Note#1 : I took net lending because because net income flows from residents to non residents (not captured by the current account) may be an important part of a country's net position (most notably in Ireland). Note #2: I took away France and Italy from the two groups called "Core" and "Periphery", because their net position was relatively small as percentage of GDP in 2008, and changed relatively little.
Read More
Look who's Gloomy
Wolfgang Munchau has an excellent piece on today's Financial Times, where he challenges the increasingly widespread (and unjustified) optimism about the end of the EMU crisis. The premise of the piece is that for the end of the crisis to be durable, it must pass through adjustment between core and periphery. He cites similar statements made in the latest IMF World Economic Outlook. This is good news per se, because nowadays, with the exception of Germany it became common knowledge that the EMU imbalances are structural and not simply the product of late night parties in the periphery. But what are Munchau's reasons for pessimism? Read More


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Recent Meetups
2 days ago · 1:00 PMBeijing Food in CTown Manhattan Sun Nov 23 @ 1:00PMBeijing Pop Kebob Restaurant Sunday Nov 23rd @ 1:00PM This is a Lovely new Restaurant in NYC Manhattan Chinatown. They have an inexpensive Lunch Menu or we can do family... Learn more
October 4 · 9:00 AMSat Oct 4 Metro North Day Farm ExcursionSaturday October 4 Day Excursion Metro North Meet at 9:15AM under the big clock at Grand Central with your ticket in hand. I will send my cell number to confirmed... Learn more
September 20 · 12:30 PMVietnamese Lunch Ctown Man Sat Sept 20 @12:30PMVietnamese Lunch in Chinatown NYC I must change the Date to Sat 9/20 as I am leading a hike/walk on 9/13. I hope everyone can still attend. Sorry for late notice but I... Learn more
September 5 · 11:30 AMFriday Sept 5 Malaysian Lunch West Village Man.Malaysian Lunch Wonderful Malaysian Restaurant I must change the start time to 11:30 AM as I have class in the afternoon. I hope everyone can still attend. Each Person... Learn more
August 10 · 2:00 PMSzechuan Lunch Ctown Man Sun Aug 10@ 2PMFlaming Kitchen 97 Bowery, near Canal Street NY,NY This is a New Szechuan Restaurant. Very flavorful. I will order a variety of medium spicy dishes. This will be family... Learn more
- See all past Meetups

subset: commoncrawl


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Gloucestershire reached 31-2 in reply to Leicestershire's 250 on day one at Grace Road.
Cricket Betting
Bet £5 Get £20 Free
Leicestershire chose to bat first but were in trouble at 52-5 before lunch with occasional seamer Benny Howell claiming three of the wickets to fall.
Matthew Boyce (55) and Shiv Thakor (75) bailed out Leicestershire with a 125-run stand for the sixth wicket.
Howell removed Boyce to break the partnership and went on to finish with career-best figures of 5-57, the first time he has taken more than two wickets in an innings, while Will Gidman claimed 3-65.
Veteran Claude Henderson thumped 33 off 30 balls to help earn Leicestershire two batting points and Gloucestershire lost Chris Dent and Dan Housego in the final nine overs of the day.
Dent went lbw for six to Robbie Williams (1-12) in the fourth over of Gloucestershire's reply and Housego was caught behind off Ollie Freckingham (1-19).
Nightwatchman David Payne (4no) joined his captain Michael Klinger (9no) through to stumps with Gloucestershire traiing by 219.


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Mitchell Hardman
Mitchell Hardman is a sophomore at Rabun Gap-Nacoochee School in Rabun Gap, Ga. Hardman's family owns Persimmon Creek Vineyards in north Georgia where he tries to implement new environmental technologies in the vineyard. Mitchell has been long interested in global energy needs and environmental issues. At school, Mitchell has helped with the installation of a small hydroelectric turbine, and he is currently working on expanding an existing solar array along with designing a school garden. At the vineyard, Mitchell helped install a nine kilowatt-hour solar array on his house, and he uses biodiesel made from local soybeans to operate the vineyard machinery. Currently, Hardman is working on a wood gasification reactor to power a gasoline generator. Hardman had the honor of receiving the Captain Planet Award in 2007 from the Captain Planet Foundation in Atlanta, Ga.
|"...The reality is it is my son's body to do with as he chooses! ..."
- by reader This Chick
"...The sad part is nothing is made to last any more! You want to fix them up but there is no one to do so and you are told that it's just cheaper to buy a new one..."
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"... Chair yoga is a relaxing cardio workout that gets you moving slowly with proper guidance and group support...."
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- 15 things you're doing wrong in the kitchen
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- Setting the record straight on 6 dog myths
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- Giant lost: World's largest earwig declared extinct
- Charming animation aims to save British hedgehogs
- We've been splitting wood all wrong
- 8 hobbies to help you relax


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A timelapse and hyperlapse film by Mayeul Akpovi (facebook.com/mayeulak)
Please check all parts here: mayeul.com/portfolio-type/paris-in-motion/
MUSIC: Granite - Pendulum
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Coenzyme Q10 Needed For 100 Trillion Cells
November 22nd, 2014
Heart failure is the fastest growing cause of heart disease in North America. What's ironic is that the medication prescribed to prevent heart problems may in fact be causing weakened hearts and sapping energy from our 100 trillion cells. Today, with an aging population, old hearts, like old ca...
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Report: Most Kansas farms have access to computers
A new report says that 71 percent of Kansas farms now have access to computers.
Sponsored by:
A new report says that 71 percent of Kansas farms now have access to computers.
Hughes Park in Topeka is now home to several new pickleball courts.
The indictment returned Wednesday accuses 29-year-old Sarah Harding-Huffine of writing prescriptions for more than 20 people even though she…
Law enforcement and mental health advocates took park in the 7th annual Crisis Intervention Team Summit Meeting today.
The Kansas Department of Health and Environment (KDHE) has issued a boil water advisory for the City of Hoyt, located in Jackson County.
Kansas and Arizona officials have filed a federal lawsuit in an attempt to force a federal elections agency to change its voter registration…
Back to school also means back to practice for thousands of student athletes and coaches.
To improve customer service, the state is implementing permanent Monday hours in four of its busiest driver licensing offices
For the first time since going on the show, Topeka Native, Hayley Erbert was on the chopping black on Fox's So You Think You Can Dance.
A state agency is defending its decision to privatize child support services in Kansas after critics claimed the system was set up to fail.
In Shawnee County, money is tight as commissioners continue the budgeting process for next year.
Researchers at the University of Kansas will work with the state's schools to prevent bullying.
A truck load of trash didn't make it to the landfill as planned this morning.
Kansas farm groups are holding two workshops next week to help ranchers better decide how to prepare for droughts.
A British military officer is leaving his position with the 1st Infantry Division at Fort Riley to return to the United Kingdom for duty.
Researchers are reporting a better understanding of a problem that causes $1 billion in annual crop losses in white wheat alone.
Topeka city council members have approved a budget for next year that boosts property taxes for homeowners.
The Geary County Sheriff's Department says it plans to auction off up to 400 parcels of land, some of it complete with infrastructure.
Governor Sam Brownback is defending his nomination of Caleb Stegall to the state court of appeals.
The growing Manhattan Regional Airport announced today a new non-stop jet service will be added.


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AGTNFTW Droidcast #48 Tonight is Going to be Huge! (psst Cyanogen is gonna be on)
Ray Walters is back!!! He felt so bad about missing last week, he is packing a mean punch for the show this week. With the regular panel of hosts back in full effect and our friends over at Streamly.tv this should be one of our biggest shows yet!Read More


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Hobie Alter dies at 80: LA Times obituary
Bora Bora owners charged with tax evasion
Skateboardermag.com: Norb Garrett's video obit for Skateboarder in print and online
YoungEntrepreneur.com: Aaron Levant
Ad Age: Bonnier sells Ski, Skiing and Skiing Business magazines, Warren Miller Entertainment
Sports Goggles Provide Data and Distraction
Inc. Magazine: "The Way I Work: Yvon Choinard"
OC Weekly: Profile of Pelle Klein, founder of skate startup Costa Misery
Forbes: Profile of Nick Woodman, the "Mad Billionaire behind Go-Pro, the world's hottest camera company"
As a retailer in the surf industry for the past 21 years, I have had to use multiple sources to stay informed to the news within surf. Since the inception of the Executive Edition of Shop-Eat-Surf.com, I need only one stop. Thanks for providing such a valuable tool to all of us in the industry. Shop-Eat-Surf is a must read for all of our staff at Maui Nix.- By George Karamitos, CEO, Maui Nix
I read Shop-Eat-Surf at every opportunity, and I waited too long to sign up for the Executive Edition. It's timely, relevant and clearly "from the industry, for the industry.- By Andy Laats, President, Nixon
SIA SNOW SHOW: New "Industry + Intelligence" seminar on January 28.
FSG LAWYERS: Represented Brixton in recent transaction with Altamont Capital.
Details on Industry Insight.
AGENDA: NYC moves location and releases initial brand list.
For Immediate Release:
PRESS RELEASE (June 10, 2010)- Agenda Trade Show announced today that they will move the location of AGENDA: NYC, July 19th & 20th, to a bigger and better location: The Chelsea Art Museum @ 556 West 22nd Street, NY, NY 10012.
"Moving to an art museum is the ideal space for us, for seven years we have preached the connection between apparel and art, housing a trade show dedicated to brands that bring that connection to life is incredible. The Museum will serve as an amazing space for product to be showcased" said Agenda President Aaron Levant.
The new venue is more centralized in the New York Men's Market week and located at the corner of 11th Street & W 22nd Street in Chelsea, "Over the past month it became clear that the NYC men's market week would be centralizing in Chelsea. Rather than forcing buyers who want to shop more than one show to cross town, we were able to find a venue that put us in the thick of market week." said Agenda Partner Seth Haber.
The show will debut with 60+ brands including: 10Deep, 210 by FlexFit, Alpinestars, Ambiguous, Analog, Boundless Nyc, Converse Skateboarding, DVS, Elwood, Famous Stars & Straps, Frends, Gonz, Gravis, Greedy Genius, Grenave Gloves, Heavy Rotation, Herschel Supply Co, Hot Air, Imaginary Foundation, In4mation, Lakai, Lifetime, Live Mechanics, LRG Clothing, Matix, Mighty Healthy, Mishka, Neff Headwear, New Balance, Only NY, PF-Flyers, Podium Distribution, Rebel 8, Reebok, Rhythm, RockSmith, Rogue Status/DTA, RVCA, Skullcandy, Sneaktip, Stussy, The Hundreds, The Hundreds Footwear, Tits, True Love & False Idols, Undefeated, Vans and Zoo York.
Monday July 19th 9-6pm
Tuesday July 20th 9-6pm
Location: 556 West 22nd Street
New York, NY 10011
For more info on Agenda:NYC go: www.agendashow.com/nyc
Agenda: NYC is brought to you by: FlexFit Headwear.


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Fairy Tail RPG
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Welcome to November - IT'S OUR BIRTHDAY AGAIN!
First and foremost we have a trio of nifty little events for you guys to enjoy, as we always do in November: FTG Questions! which is a fun little questionnaire to see how you guys are enjoying FTG with some prizes for winners; FTG Art Creation which involves you guys making something amazing for us to enjoy and behold; and The Birthday Appreciation! our infamous birthday giveaway, this time with a twist!
The Royal Event draws nearer its conclusion!
Running from now until January in 2015 there is a massive political campaign for the new King or Queen of Fiore! The event can be found here with all the necessary information for how you go! There wont be an official side-event for the Royal Event this month (beyond some fun in the Birthday Bonus) but next month we have a doozy!
Finally to celebrate our birthday, the Halloween Mini-Missions and Political Meet-Up topics have had their deadlines increased by a month, just so you guys can breath a little easier about completing them.
From the bottom of our hearts here at FTG we want to thank you, the members, the people who basically run the site and who give us the motivation to help out and stay with this site through good and bad times.
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|[Taken]What are the chances this is Big Foot?; C rank knight assignment
|Tweet Topic Started: Jun 15 2011, 11:54 AM (364 Views)
|Jun 15 2011, 11:54 AM Post #1
Steel your mind. Run on instinct.
Mission Name: What are the odds this is Big Foot?
Mission Class: C
Mission Details: Reports of unknown creatures attacking small rural villages south of Hydrangea village are flooding in and requests for aid are taking over the commander's desk. With small villages being destroyed and lives being lost the knight's really have no choice but to send but someone out to the civilians aid, but with nothing known of the culprits other than the description 'monsters' those that search the countryside hovels for clues will have their work cut out for them.
Those undertaking the mission will have to search the last destroyed town for clues and information as to what or whom is behind the destruction and deaths, they will have to track their way to the base/lair of those responsible in the countryside and deal with what threats lay there. But that wont be the end....
Mission Requirements: At least one Corporal, Private. One mage is welcome to join in :]
Mission Objectives:
* Search the most recently attacked town for clues as to what/whom is responsible
* Track the culprits through the countryside
* Find the culprits lair/base and deal with what lurks inside
* Defend the last town from the final attack
* Ensure that the towns are safe once more
Bonus Objectives:
* Find what was lost
* Save that which is most precious for as many civilians as possible
* Ensure the threat will never return
|Jun 15 2011, 12:33 PM Post #2
You're 100 years too early to ride this ride.
Your mission application is now accepted. This topic has now been resolved, so therefore its closed.
This is an automatic message.
|御 Cloud
|Jun 16 2011, 04:39 AM Post #3
Who you calling chocobo head...
Taken by;
Ecclair Farron Bellum
Kazuya Onizaki
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What are the chances this is Big Foot?(Mission)
This Mission has been Taken.
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Fourteen Kleinberg Kaplan Attorneys Named 2014 New York Metro Super Lawyers/Rising Stars
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Kleinberg Kaplan Continues Expansion of Hedge Fund Practice with Addition of Attorney Jared Gianatasio
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Mockingjay Is Strong on Propaganda, Short on Celebrity
By Amy Nicholson
Jon Stewart's Film Is Outraged, Hilarious
By Stephanie Zacharek
Showbiz drama Beyond the Lights Is Familiar But Cutting
By Stephanie Zacharek
Big Hero 6 Updates Disney Kids' Flicks
By Amy Nicholson
Grand Interstellar Doesn't Quite Connect
By Stephanie Zacharek
St. Vincent Is Funny Till It's Not
By Alan Scherstuhl
The Rainbow vs. Thatcher in Pride
By Stephanie Zacharek
A Walk Does Right by Liam Neeson
By Alan Scherstuhl
"Dancing is easy," instructor Diane Horner imparts in the opening stanza of this 35-minute how-to video. No, it's not. If dancing were easy, there would have been more white people in Breakin' 2: Electric Boogaloo. So why do honkies flock to joints like Wild Country in Collinsville to slide around the room in unison to pre-choreographed "line dances"? Because line dancingis easy.
Then again, Horner and her six backup dancers in Diane Horner's Country Line Dancing prove that maybe it's not. The primary reason: Horner, a dykey-looking soccer mom with red boots and stumpy legs that boast an astounding number of varicose veins, is not a good dancer. She barks her orders with confidence, but even these scenes suffer from her Fargo-esque Upper Midwestern brogue, which is about as country as Iggy Pop.
Horner encourages her line dancers to add their own personal touches to routines such as the "Tush Push" and "Slap Leather." The two male dancers in her troupe take this advice and run with it. Way too far. Each and every maneuver does not merit a spin move, fellas. Spin moves are for boy bands. If you pulled that shit in rural Georgia, you'd be taken out back of the roadhouse and fed to the inbred fiddle prodigies.
But ultimately, these very foibles are what make Country Line Dancing succeed. Perhaps Horner is subliminally urging viewers to digest her lessons and then do the exact opposite. To break from the pack, if you will. Line dancing is mostly accompanied by crappy nouveau-country music in sterile strip-mall megaclubs; it is, by its very nature, faux. With her bright-red boots (reminiscent of Katie Holmes' signature footwear in Wonder Boys), Horner is anything but, slyly subverting the suburban ballet by assuming its reins. It is Phyllis' sincere wish that for her next 35-minute vehicle, Horner subvert the horrible "smooth razz" of Nelly. Or perhaps abstract painting.
Each week the author treks to the Schlafly branch of the St. Louis Public Library, where a staff member blindfolds him and escorts him to the movie shelves. After selecting a film at random, Seely checks it out and reviews it.
Find capsule reviews, showtimes & tickets for all films in town.
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Burundi Maternal Child Health Project
The USAID-funded Maternal and Child Health Program worked with the government of Burundi to improve maternal and child health in two provinces. As Burundi transitions to a new National Health Development Plan, the Maternal and Child Health Program continued to maintain, reinforce, and expand on programmatic outcomes achieved over the past five years.
At the same time, Pathfinder supported new initiatives such as the decentralization of the management of the health system and the performance-based financing initiative, which are core key elements of the National Health Development Plan. All these interventions took place at the community, clinic, and institutional levels.
The project's achievements include significant increases in the percent of deliveries attended by skilled professionals, substantial decreases in the number of underweight infants, and a noticeable rise in the number of women reported as using modern methods of contraception.
Related Projects
Evidence to Action for Strengthened Family Planning and Reproductive Health Services for Women and Girls (E2A)
The Evidence to Action Project (E2A) is USAID's global flagship for strengthening family planning and reproductive health service delivery.
Flexible Family Planning, Reproductive Health, and Gender-Based Violence Services for Transition Situations Project
From 2008 - 2014, this project developed family planning and gender-based violence services for emergency and transitional situations in Burundi and the Democratic Republic of Congo.
Performance-Based Financing Project
From 2010 - 2014, Pathfinder increased the use and quality of health services through performance-based payments to health facilities, the development of mechanisms to manage performance-based financing at provincial and district levels, and community surveys.
Successful site visit to our Integrated Family Health Program in Ethiopia
Katie Taylor of USAID visits our IFHP program in Ethiopia
Mothers Against Malnutrition
In Burundi, most of the population is affected by acute food insecurity, climate hazards and limited access to land. Pathfinder is one organization working to address the resulting malnutrition.


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I wouldn't worry about the seeds KEF
Watch the roots
Those Talkback threads are an odd set of disjointed comments.
Mostly from people who ever appear on the forum
a lot of the modern varieties of snapdragons look deformed to me. I love the originals
My mollis has earned a reprieve. It's flowered very little for years but this year's height and flower spikes has beaten all records. It can stay
Was gardeners world web user what everyone one was called before members had names?
That's OK David, it will serve fine to keep the thread running
They are weird. It's only the flowers bases that give it away
not sure which one, looks a bit short for spinosus


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November 29, 2014
10-5-04 - An OU fraternity member has been arrested after the alcohol related death of a student last week. It's bringing new attention to binge drinking on college campuses; including at Southeastern in Durant.
The solution at many campuses, including SOSU, has been to ban alcohol on campus. At OU, administrators have created an advisory committee to look into the issue of underage drinking and alcohol abuse on campus.
Meanwhile, police have arrested Cody Barrington for allegedly furnishing alcohol to a
minor on the night a 19-year-old pledge consumed a fatal amount of alcohol. Barrington was a resident at the Sigma Chi fraternity house where Blake Adam Hammontree was found dead on September 30th. The Oklahoma Medical Examiner's Office determined last week that Hammontree had a blood alcohol level of .42, five times the legal limit for intoxication.
District Attorney Tim Kuykendall says Barrington wasn't arrested for furnishing alcohol to Hammontree, but for providing alcohol to another fraternity member.
Click Here to access the online Public Inspection File
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or firstname.lastname@example.com.


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Views: 1,020 | Posted: 09/02/2011
By: wulfwizard
a music video under Blood Brothers. this is two Blood brothers going until they drop
Views: 777 | Posted: 05/25/2011
By: jyannekis20
Views: 205 | Posted: 05/25/2011
By: MrDan71
Trailer for the new DLC for Army of Two. Looks good!!
Views: 210 | Posted: 05/25/2011
By: evantisin
Complete gameplay run through Army of Two. I'll link in the rest of the parts as they get loaded up. Intro: [url][make_url]arc:content:gt-authoring:8bcee1f5-a9a8-4fd6-a8c9-c017671c3598[/make_url][/url] Training Part 1: [url][make_url]arc:content:gt-authoring:eb55f112-1241-448c-99de-1f786a1c8c86[/make_url][/url] Training Part 2: [url][make_url]arc:content:gt-authoring:a02d6fe2-c1e3-4aa1-b814-6dda995c17a4[/make_url][/url] Training Part 3: Somalia Part 1: [url][make_url]arc:content:gt-authoring:4a91a676-bf6d-45d3-bf4a-2f06088d075a[/make_url][/url] Somalia Part 2: [url][make_url]arc:content:gt-authoring:c36136ce-9900-4d91-913d-1ebcbe1157d0[/make_url][/url] Somalia Part 3: [url][make_url]arc:content:gt-authoring:f8c34632-2d50-4bc2-aa90-d07043bb6f12[/make_url][/url] Somalia Part 4: [url][make_url]arc:content:gt-authoring:3dca8a4e-c0d6-4911-a06e-19cab69d2b80[/make_url][/url] Afghanistan Part 1 of 10:
Views: 554 | Posted: 05/25/2011
By: HelloBison
Army of Two Reviewed by VideoGaiden.
Views: 692 | Posted: 05/25/2011
By: blazer215
This the the kind of song i actually want in the ad, something with more energy, ok i just didn't like the original! lol FYI: The song is called Just Tonight By Jimmy Eat World
Views: 761 | Posted: 05/25/2011
By: ManU4Life
Army of Two Gameplay Montage
Views: 437 | Posted: 05/25/2011
By: Ken
A Creative way to protect your Usb Key or keys for liquids [url=[make_url]arc:content:gt-authoring:a5c7cef3-4298-4b88-ace1-271b313c5194[/make_url]][img]http://umthumbs.gametrailers.com/moses/usermoviethumbs/um_181859_3.jpg[/img][/url] Akira Live Action [url=[make_url]arc:content:gt-authoring:7ebe2e00-ad58-49d5-a86e-e73979da8f63[/make_url]][img]http://users.gametrailers.com/showimage.php?id=139730[/img][/url] '08 Hot List games Ps3
Views: 334 | Posted: 05/25/2011
By: Sinner
A little info on SSC and our anti-heroes go back to Iraq.
Views: 169 | Posted: 05/25/2011
Co-op shooter franchise Army of Two will be going on a Mexican vacation this...
Week of
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Nov. 30
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Dec. 07
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Dec. 14
Release Date: 11/25/2014
A regular Otaku must protect Akihabara, Japan from an invading force of vampires in this kooky Japanese title.
Wii U, 3DS
Release Date: 11/25/2014
Based on the upcoming film The Penguins of Madagascar, the game follows the adventures of Skipper, Kowalski, Rico and...
PC, Mac
Release Date: 11/25/2014
Release Date: 11/26/2014
A puzzle-adventure game set during World War I.
Release Date: 11/26/2014
Warhammer 40,000: Armageddon is a fantasy war game set in the Second War of Armageddon.
Release Date: 12/02/2014
Release Date: 12/04/2014
Wii U
Release Date: 12/05/2014
The intrepid Captain Toad sets off on his own adventure through a wide variety of tricky, enemy-infested stages to...
Release Date: 12/09/2014
Shadow of Revan offers five new levels of story-driven missions, an increased level cap of 60, and new worlds to...
Xbox 360, Xbox One
Release Date: 12/17/2014
Kalimba is a playful yet precise platforming game where players control two totem pole pieces with one controller.
Release Date: 12/18/2014


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Friday, November 21, 2014
Saturday, November 8, 2014
Oak Leaves
Walking down by the river the other damp morning, I looked down at the pavement and saw these oak leaves flattened and strewn everywhere.
watercolor on yupo
Friday, October 24, 2014
7 Leaves
The rest of the year the leaves are modestly uniform .
watercolor 10 " x 13 "
Thursday, October 9, 2014
Version 2.0 Hydrangeas
Yes, these hydrangeas again , so much to see and endlessly challenging to paint.
watercolor/ yupo 13" x 20"
Thursday, October 2, 2014
Friday, September 26, 2014
Across The Valley
A view looking across the river to the hills on the other side, painted last month, before the oaks turned color,
watercolor/yupo 15" x 13"
Sunday, September 14, 2014
Out The Window
The kitchen in Briceland is large and sunny. a very appealing place to have a meal, or just a cup of coffee. If you were to be standing at the sink and washing the dishes , this is what you would see out the window.
watercolor /yupo 10" x 13"
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Promotion Terms & Conditions
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- On sale items, NFL, MLB and NHL jerseys, World Series Championship Locker Room apparel, Nike Holiday Fleece, NFL Salute to Service apparel, MLB and NFL on field headwear, NASCAR die-cast, Under Armour apparel, gift cards, online gift certificates and select memorabilia are excluded from promotion.
Main Content
Order today, receive no later than Wednesday, December 3rd. Some limitations apply.
$6.99 3-day shipping. Need it faster?
If anyone can rock these awesome Low Down swim bottoms, it's you! Wear these with your favorite L Space swim top and you'll have a suit everyone envies!
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Princesa Hotel
Costa Blanca, Benidorm
Available Meal Options
- Half Board
- Full Board
- All-Inclusive
Our lowest
price from: £276pp
or call us on0800 781 4893
- 7 nights
- Sun 11th Jan 2015
- London Stansted
- Half Board
- Return Transfers
The Princesa Hotel in Benidorm is one of the best. Impeccable in every respect; it has been beautifully designed and built, and occupies an enviable position, right in the heart of Benidorm. You've got access to everything that this thriving holiday capital can give you. Just 500 metres away you'll see Levante beach. A short stroll away, all the shops, restaurants and bars of Benidorm are yours to explore. And, on top of all that, the Princesa Hotel gives you some of the best amenities in the Costa Blanca.
Why this hotel?
- Located just 500m from Levante Beach
- No supplement for single travellers
Read Conditions
- Enjoy FREE Wi-Fi throughout the hotel
- Within easy reach of numerous shops, restaurants and bars
Offers subject to availability
The Princesa Hotel is one the finest hotels in the Costa Blanca
Just promise us you'll savour the experience of coming home to your hotel every evening! With its smart reception area, its impeccable parquet floors and its fabulous facilities, the Princesa Hotel is yours to fall in love with.
Just look at those facilities! That outdoor swimming pool has to be one of the finest in the Costa Blanca. The indoor pool has been built to the very highest standards. The restaurant is light, airy and inviting.
Here at the Princesa Hotel, there's a wonderfully fresh, Mediterranean feel about the decor that makes staying here so pleasurable. The Princesa Hotel makes the most of natural light so that you always feel close to the outside.
Twin rooms all have balconies too, so that you can get out and really make the most of those views and let the light in. The parquet floors maintain that sunny, Mediterranean feel, and rooms are designed for comfort. With en suite bathrooms, air conditioning and piped music, you can really lie back and relax. Rooms are also equipped with satellite TV, telephone and hairdryer.
Something else the Princesa Hotel does very well is keep its guest entertained. With day and night entertainment programmes running throughout the year; musical programmes too, there's always something to help make staying in feel like the new going out.
There's a TV room too, as well as a lounge bar with FREE Wi-Fi, and even a babysitting service. We also recommend the wonderful Jacuzzi - and you really must try the hydro massage...or for some serious relaxation book yourself into the Spa and wellness centre for a few hours (at a fee).
The Princesa Hotel is one of those rare and special things - a hotel that looks as good as it sounds, and vice versa.
Please note that single rooms do not have a balcony.
- Rooms: 226
- Floors: 16
- Lifts: 4
- Transfer time: 45 mins
Facilities available for the use of Princesa Hotel guests include:
- Outdoor swimming pool with slide
- Spa and Wellness Centre*
- FREE Wi-Fi throughout hotel
- Children's pool
- Television room
- Daytime and night-time entertainment programmes with musical performances 3 nights a week
- Babysitting service on request
- Outdoor hydro massage bath
- Children's playground
- Mini-golf
- Lift
Room Facilities
All rooms are equipped with en suite bathrooms, air conditioning (summer) and central heating (winter), piped music, telephone, hairdryer and satellite TV. Single rooms have no balcony.*At a fee
Price Panel
Other popular hotels in Benidorm
Princesa Hotel
Costa Blanca
from £276
Dynastic Hotel
Costa Blanca
from £294
Prince Park Hotel
Costa Blanca
from £294
Royal Hotel
Costa Blanca
from £323
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- Finance Leaders Keep it Simple for Success
- 7 Keys to an Effective Accounting Close
- "The budget is a tool of repression rather than innovation" said Bob Lutz the former COO Chrysler. Do you believe this is true or does this simply highlight an in efficient financial planning process?
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- I am looking to build a dashboard of KPIs for several different companies where I act as their CFO. They are on Quickbooks Enterprise and I am considering Axiom EPM, and Adaptive Planning. Any input on these or other competitors? Pros/cons?
- Budgeting Best Practices
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This is the third part in my series where I am making the case for when a database is superior to a spreadsheet. I will reiterate: spreadsheets are a great tool for presentation...
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Will Smith Reveals Reasons For Willow Withdrawing From ANNIE Remake
Willow Smith, the "Whip My Hair" tween hitmaker daughter of Will Smith and Jada Pinkett Smith, has withdrawn from the forthcoming feature film remake of ANNIE. Charles Strouse, Thomas Meehan and Martin Charnin's Tony Award-winning stage musical ANNIE has previously been filmed twice, the first time in 1982 with John Huston in the director's chair and later in a made-for-TV adaptation produced by Disney and helmed by CHICAGO director Rob Marshall in 1999.
Smith spoke at Temple University this weekend as a part of REAL TALK WITH SISTER SOULJAH AND Will Smith and stated: "Willow was supposed to be doing 'Annie,' we got Jay-Z to do the movie, got the studio to come in and Willow had such a difficult time on tour with 'Whip my Hair' and she said, 'You know Daddy, I don't think so' and I said, 'Baby, hold up! I said no, no, no, listen, you'll be in New York with all of your friends and Beyoncé will be there. You will be singing and dancing,' and she looked at me and said, 'Daddy, I have a better idea, how about I just be 12.'"
For the full article, click here.
ANNIE is currently playing on Broadway in a James Lapine-directed revival starring Lilla Crawford, Katie Finneran and Anthony Warlow.
Reports have recently surfaced that Jay-Z will be co-producing the film remake with Smith and potentially act in a music production capacity, as well. Of course, Jay-Z found much success in 1999 with sampling the ANNIE staple "It's The Hard-Knock Life" in "Hard Knock Life (Ghetto Anthem)", reaching #15 on the Billboard Hot 100. Oscar-winner Emma Thompson has contributed a new screenplay and the film is moving ahead, Willow-less, according to appointed director Will Gluck.
About Author
- Extensive New Behind The Scenes Promo Video For PETER PAN LIVE!
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Stafford Center gets Rotary grantMarch 22,2013Stafford Center
gets Rotary grant
The Stafford Technical Center has received a $750 grant from the Rutland South Rotary Club to support health-care education.
The Health Care Careers Program will use the grant to purchase new equipment, such as stethoscopes to help instruct students how to take a patents blood pressure.
The Rotary Clubs mission is to support schools in the Rutland area.MORE IN This Just InSki area operators in Vermont and across northern New England were giddy Wednesday at the... Full StoryCounty-wide storm Full StoryA New York woman is facing an arson charge for setting a scarecrow on fire. Full Story
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- RICHARD'S POOR ALMANACK: On this day in 1927, striking Colo. miners attacked with machine guns by state police; 1877, Thomas Edison announces invention of the phonograph, 1959, Alan Freed fired by WABC 770 AM for accepting payola to promote records.
- RICHARD'S POOR ALMANACK: On this day in 1863, President Abraham Lincoln delivers short speech in Gettysburg, Pa.; in 1984, a Pemex LNG facility destroyed by series of gas explosions, 600 people are killed; in 1998, Senate builds fire under Bill Clinton.
- RICHARD'S POOR ALMANACK: On this day in 1831 – Independent South American super-state, Gran Colombia, dissolved; 1856 - Fort Buchanan built to control Apache warriors; 1970 - William Calley Jr. goes on trial after 1968 massacre at My Lai, Vietnam.


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A Shave & A Haircut: Barber & Supply Opens in Williamsburg
The Freemans Sporting Club expanded into Williamsburg with the opening of Barber & Supply. Unlike their Manhattan outposts of F.S.C's, Baber & Supply is over 1,500 square feet with plenty of light flooding in.
Sam Buffa, the company's founder, built the new store out of a former garage space. The aesthetic is deliberately modern and airy, he says. "It's not like you walk through the door and you're transported to the early 1900s. It's still a warehouse, so it needs to embody that attitude."
The services offered are the same as Manhattan: a haircut is $40, a straight razor shave is $40, and a beard trim is $15. But there's also an apothecary area in the front that houses a rotating pop-up shop. Malin & Goetz is being featured right now, which Buffa chose because it's a New York brand that has been with Freemans since its start.
New pop-ups will kick off every three months, ranging from products and accessories to food and drink. Once it's warm, Buffa plans to leave the mechanic-style garage doors open, bringing in fresh air and encouraging people to hang out on the big round bench in the center of the store.
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In my dividend investing, I focus on mostly companies with long streaks of dividend increases. A company can only afford to build a long streak of consecutive dividend increases if it generated a growing stream of excess cash flows.
A company that generates so much excess cash flows that it can not reasonably reinvest all of it into the business has possibly a high return on equity. Such a business needs only a portion of profits to be reinvested back to maintain and grow operations, leaving excess cashflows filling in the company treasury coffers. This growing pile of excess cashflows, allows companies to pay a rising dividend stream of decades to come.
Such a company probably has a product or service, which is unique, and provides value to customers. These products are typically characterized by strong brands, that carry a premium and consumers are willing to pay top dollar for. The competitive advantages of the company would likely be difficult to replicate because of patent protection, trademarks and know-how, customer relationships, difficulty to switch providers, scale that could be very expensive to replicate to name a few obstacles. This is what Buffett refers to as a company that has a wide-moat.
A long streak of dividend increases is not a slam dunk of course, as things can change over time. However, if you determine that the business has higher odds of continuing their profitability streak, and you can buy it at attractive prices, then it might be a good holding for the next several decades.
These companies could spend a lot of shareholders' money on research, acquiring other companies or doing something else to try and earn even more. However, placing all excess profits back into the business alters the risk profile negatively. This is because you are moving from earning money from a relatively lower risk rate of profits that you earn in ordinary course of business, to taking somewhat of an educated gamble with shareholders money. If a company has a worth of $1 billion, and wants to acquire another firm for $100 million, it does not need to use reinvested profits. It might be better off to either take on debt or issue equity, particularly if its shares are overvalued. However, many times acquisitions do not work and are utter failures.
For example, in 2012 Microsoft (MSFT) wrote off its entire $6.20 billion purchase cost of digital ad company aQuantive. Some do work of course, and can lead to synergies and all the other buzz words meaning cost savings. However, it is difficult to have different cultures merged together, and it is also difficult to acquire companies that are from different industries. For example, during the 1960's, the term "leisure" was a catchphrase, which demanded high P/E multiples. People were all supposed to work less because of advancements in technology, and therefore have more leisure. According to Michael O'Higgins in "Beating the Dow": "a company that made surfboards and sold books somehow had synergy because they were leisure-related".
As far as investing in R&D goes, or opening new locations, the return on investment is not guaranteed. If a tobacco company tries to create cigarettes with low nicotine levels, it might do so, but the new product could create negative associations to consumers. If Pfizer (PFE) spent $5 billion developing new drugs, there is no guarantee that the funds would result in new discoveries. In retail, if a company like Wal-Mart (WMT) doubles the number of stores overnight, this will not result in doubling of sales. This is because you need to take into effect cannibalization of sales from existing stores, legal restrictions from opening a store in certain locations, specifics of local markets as well as time it takes to research market and build a store.
For example, Coca-Cola (KO) could not reinvest all of its profits in the business, because for many decades it had multiple limitations. Prior to 1989's fall of the Berlin Wall, it could not easily expand into the countries from the Soviet Bloc or in their ally countries. In addition, Coke products are not cheap for many people in countries like China, India, Russia and other developing countries. As more people in emerging markets become middle class, Coca-Cola would be able to deliver its product to them, using a network of bottlers. However, this would take time.
This could also mean that once companies reach a certain scale, profits are then returned to shareholders to do as they please. As an investor who plans to live off my nest egg, I highly prize companies that can shower me with cash on a regular basis. This is because dividend income is more stable than relying on stock prices alone. I value the stability and relative certainty in the amount and timing of dividend income, because it makes it easy to plan and budget my expenses. I do not want to worry whether I can afford one or two PBJ sandwiches if markets drop 50% tomorrow.
Many readers complain that I keep writing about the same stocks over and over again. The hidden truth is that there are only so many businesses in the US which are exceptional and publicly traded.
Johnson & Johnson (JNJ), together with its subsidiaries, engages in the research and development, manufacture, and sale of various products in the health care field worldwide. This dividend aristocrat has managed to raise distributions for 51 years in a row. Over the past decade, it has managed to reward shareholders with 11.70% in annual dividend raises on average. Currently, the stock trades at 16.50 times forward earnings, and yields 3%. Check my analysis of Johnson & Johnson.
McDonald's Corporation (MCD) franchises and operates McDonald's restaurants in the United States, Europe, the Asia/Pacific, the Middle East, Africa, Canada, and Latin America. This dividend aristocrat has managed to raise distributions for 36 years in a row. Over the past decade, it has managed to reward shareholders with 28.40% in annual dividend raises on average. Currently, the stock trades at 17.40 times earnings, and yields 3.20%. Check my analysis of McDonald's.
Exxon Mobil Corporation (XOM) engages in the exploration and production of crude oil and natural gas, and manufacture of petroleum products. This dividend aristocrat has managed to raise distributions for 31 years in a row. Over the past decade, it has managed to reward shareholders with 9% in annual dividend raises on average. Currently, the stock trades at 11 times earnings, and yields 2.90%. Check my analysis of Exxon Mobil.
Wal-Mart Stores, Inc. (WMT) operates retail stores in various formats worldwide. The company operates in three segments: Walmart U.S., Walmart International, and Sam's Club. This dividend aristocrat has managed to raise distributions for 39 years in a row. Over the past decade, it has managed to reward shareholders with 18.10% in annual dividend raises on average. Currently, the stock trades at 14.60 times earnings, and yields 2.50%. Check my analysis of Wal-Mart.
The Coca-Cola Company (KO), a beverage company, engages in the manufacture, marketing, and sale of nonalcoholic beverages worldwide. This dividend aristocrat has managed to raise distributions for 51 years in a row. Over the past decade, it has managed to reward shareholders with 9.80% in annual dividend raises on average. Currently, the stock is slightly overpriced at 20.50 times earnings, and yields 2.90%. Check my analysis of Coca-Cola.
Full Disclosure: Long KO, WMT, MCD, JNJ
Relevant Articles:
- Check the Complete Article Archive
- The predictive value of rising dividends
- Strong Brands Grow Dividends
- Frequently Asked Questions (FAQ) About Dividend Investing
- Dividend Aristocrats List
Wednesday, August 28, 2013
A long streak of dividend growth is an indication of a business with exceptional fundamentals
In my dividend investing, I focus on mostly companies with long streaks of dividend increases. A company can only afford to build a long streak of consecutive dividend increases if it generated a growing stream of excess cash flows.
Posted by D at 1:00 AM
Labels: dividend stock ideas, dividend strategy
3 comments:
You say "many readers are complaining that I talk about the same stocks over and over again." To this, I'd reply "I am beating you over the head with proven companies so that you realize time and dividends are on your side and you will not pick the next Tesla, Chipotle, etc. and become rich overnight." To many people want a quick score and are not willing to accept that growing a nest egg is a time consuming process....keep up the great work with the blog, I enjoy reading it.ReplyDelete
Couldn't agree more. Decades of dividend growth is absolutely impossible to attain if you don't have a great business model with rising profits. Dividends are a great indicator of a business's profitability because dividends are paid from cash. No cash means no dividends. And if cash flow isn't rising over time, than neither are dividends.
Best wishes!
i follow your article till some day .And i appreciate you for your articleReplyDelete
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Orlando Sentinel
@matt_on_artsOrlando Ballet, Bach Festival Society debut at new Dr. Phillips Center with "Carmina Burana." Review. http://t.co/a6QBzZn3PS. Picture: 'Trevor'. Tony Firriolo. Colton Butcher plays a chimpanzee, the title role in "Trevor" for Theatre UCF.
Winter Park/Maitland Observer
Dr. Phillips Center opens in grand style
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Can't wait to share an evening with friends at The Phantom of the Opera in the new Walt Disney Theater? Or to take your tiny dancers to witness Orlando Ballet Family: Nutcracker for the holidays? Your love for the arts had to begin somewhere, and the Dr.
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LinkedIn launches a new blogging platform
Contributors include Obama, Romney, and Arianna Huffington
By Hazel Sheffield Oct 12, 2012 at 11:00 AM
LinkedIn has expanded beyond its roots as a professional connections network to include a blogging platform for 150 influential thinkers,... More
New platform to connect journalists and publishers launches
Contently aggregates work across media outlets
By Hazel Sheffield Sep 19, 2012 at 04:35 PM
A new platform to help freelance journalists aggregate their work will be launched on Thursday. Contently aims to help journalists... More
Serial creators don't know what will happen to Adnan Syed - New developments in his legal case suggest that the outcome is wide open
The press is responsible for ignoring Bill Cosby rape allegations - Where were journalists 10 years ago when claims originally surfaced against him?
Journalism has a plagiarism problem. But it's not the one you'd expect - Fareed Zakaria's case highlights news organizations' ethical grey areas
4 topics John Oliver explained more clearly than television news - The political satirist brings explainer comedy to HBO viewers
Will radio save science journalism? - WNYC will soon have a new health unit
My take: The end of an era in Tampa (14)
Serial creators don't know what will happen to Adnan Syed (14)
The press is responsible for ignoring Bill Cosby rape allegations (6)
The Boston Globe finally digs in to a big story (4)
Journalism has a plagiarism problem. But it's not the one you'd expect (4)
Email blasts from CJR writers and editors
CNN reporters in Ferguson provide coverage of CNN reporters in Ferguson (Slate)
"[T]here was little that justified CNN's egocentric coverage"
Which media outlets use 'illegal immigrant'? (Fusion)
"[I]n spite of all the good reasons not to use the phrase, it is still very easy to find in the US press, even in headlines"
Jack Shafer on losing his job (Capital New York)
"Right now, my immediate plan is to go to work as a lay therapist at The Intercept to bring the healing there so John Cook and Matt Taibbi can return. I have great interpersonal skills."
On outlets that continue to call unknown drone victims 'militants' (The Intercept)
"Like the US drone program itself, this deceitful media practice continues unabated"
Greg Marx discusses democracy and news with Tom Rosenstiel of the American Press Institute
CJR's Guide to Online News Startups
ACEsTooHigh.com – Reporting on the science, education, and policy surrounding childhood trauma
Who Owns What
The Business of Digital Journalism
A report from the Columbia University Graduate School of Journalism
Questions and exercises for journalism students.
Should all journalists be on Twitter? – Reasons to take up or forgo the 140-character platform
Is it ever okay to name victims? – Editors question the policy of omitting information in sexual assault and domestic violence cases


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1. Vanya on 42nd Street (1994)
directed by Louis Malle
featuring Wallace Shawn, Andre Gregory, Brooke Smith, Julianne Moore, Larry Pine, George Gaynes, Jerry Mayer, Lynn Cohen, Madhur Jaffrey, Phoebe Brand
In the late 1980s, noted theatrical director Andre Gregory assembled a group of friends and actors and began rehearsing a new translation of Anton ... More
See all Blu-Ray | DVDs | List of all editions
2. Art Machine (2014)
directed by Doug Karr
featuring Joseph Cross, Jessica Szohr, Meredith Hagner, Lynn Cohen, Robert Beitzel
A one-time Brooklyn art prodigy struggling in the shadow of his own success falls in with a group of outsider artists who inspire him in ways he ... More
See all DVDs | List of all editions
3. Hello Lonesome (2011)
directed by Adam Reid
featuring Sabrina Lloyd, James Urbaniak, Lynn Cohen, Harry Chase, Nate Smith
Three stories of unlikely relationships come together in this independent comedy drama from writer and director Adam Reid. Bill Soap (Harry Chase) ... More
See all DVDs | List of all editions
4. The Jimmy Show (2002)
directed by Frank Whaley
featuring Frank Whaley, Carla Gugino, Ethan Hawke, Lynn Cohen, Jillian Stacom
Following up on his directorial debut, Joe the King, actor-turned-sometimes director Frank Whaley made this gritty character study of a man consumed ... More
See all VHS | DVDs | List of all editions
5. Evergreen (2004)
directed by Enid Zentelis
featuring Cara Seymour, Mary Kay Place, Noah Fleiss, Gary Farmer, Lynn Cohen, Addie Land
Writer/director Enid Zentelis makes her feature-length debut with the coming-of-age drama Evergreen, shot on-location in Seattle, WA. Teenager Henri ... More
See all DVDs | List of all editions


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Jim Cramer believes there is always a bull market somewhere, and he wants to help you find it. He is host of CNBC's "Mad Money," (M-F: 6 p.m. ET) featuring lively guest interviews, viewer calls and most important, the unmatched, fiery opinions of Cramer himself. He serves as the viewer's personal guide through the confusing jungle of Wall Street investing—navigating through both opportunities and pitfalls with one goal in mind—to help them make money.
Cramer is also co-anchor of the 9 a.m. ET hour of CNBC's "Squawk on the Street" (M-F: 9 a.m.-12 p.m. ET) and the founder of TheStreet, a multimedia provider of financial commentary.
He graduated from Harvard College where he was president and editor-in-chief of the prestigious daily, The Harvard Crimson. After graduation, he became a reporter for the Tallahassee Democrat and later for the Los Angeles Herald Examiner, where he covered stories ranging from homicides to sporting events.
Cramer is a former hedge fund manager and founder/owner and senior partner of Cramer Berkowitz. His compounded rate of return was 24 percent after all fees for 14 years at Cramer Berkowitz. He retired from his hedge fund in 2001, where he finished with one of the best records in the business, including having 36 percent-plus year in 2000.
He helped Steve Brill launch American Lawyer magazine before attending Harvard Law School and earning a law degree. Upon graduating and passing the New York State Bar Examination and being admitted to the N.Y. State Bar, Cramer joined Goldman Sachs in sales and trading. While at Goldman, Cramer wrote for The New Republic about stock market issues.
In December 2013, he published the book, "Jim Cramer's Get Rich Carefully," in which he creates a guide to high-yield, low-risk investing. Cramer is also the author of "Jim Cramer's Getting Back to Even," "Stay Mad for Life: Get Rich, Stay Rich," "Mad Money: Watch TV, Get Rich," "Jim Cramer's RealMoney" and "Confessions of a Street Addict."
Follow Jim Cramer on Twitter
And here's how he suggests playing it.
Cramer interviews Allscripts Health Solutions CEO Glenn Tullman.
As seemingly disparate as they may look, Cramer said, they all have one important thing in common.
Cramer thinks it could be. To learn more about how it's working, he spoke with the Treasury Department's Tim Massad.
And two that could outpace the rest, according to a top technician on Wall Street.
The "Mad Money" host picks his favorite out of four high-growth retail names.
The "Mad Money" host explains why getting past this key level means stocks could go higher still.
Those with an appetite for growth should consider this name, Cramer said.
For greater insight on the sector, the "Mad Money" host spoke with Avnet CEO Roy Vallee.
Yes, and here are four ways to play it.
A few simple steps could put a lot more money in your retirement plan. Jim Cramer is here to help you maximize your nest egg.
Jim Cramer speculates where the direction of oil prices will go following the OPEC meeting on Thursday. Could we be in a sweet spot for oil?
Jim Cramer goes off the charts with technician Mark Sebastian to find out why the CBOE VIX is high, and if investors should be concerned.
Grab the latest CNBC gear from the NBCUniversal Store!
Get a behind-the-scenes look at how Cramer formulates his investment advice. "Inside the Madness" is a column, which features e-mails and more with Cramer and his researcher Nicole Urken.
You've always wanted to hit the "Hallelujah!" button. Here's your chance.


text: 000 NOUS43 KLSX 011505 PNSLSX ILZ058>060-064-065-069-070-074-079-095>102-MOZ018-019-026-027- 034>036-041-042-047>052-059>065-072>075-084-085-099-012330- PUBLIC INFORMATION STATEMENT NATIONAL WEATHER SERVICE ST LOUIS MO 1005 AM CDT Sat Nov 1 2014 ...Frost/Freeze products have been discontinued for the remainder of 2014... Freezing conditions were observed across all of central and eastern Missouri and west central and south central Illinois early this morning, effectively putting an end to the growing season. As a result, the National Weather Service St. Louis will no longer be issuing frost/freeze products until the growing season resumes in the Spring of 2015. $$ Glass


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There's a spring in our step at Velodyne headquarters. The weather is getting warmer, the sun is shining, and the fresh March air is invigorating. We're passing on the good mood to Velodyne fans with not one, but TWO events going on through the month of March. In addition to the two-month vPulse photo contest, […]
The Perfect Playlist for Changing Your Life (Part II)
by TheBenevolentSiren on March 2, 2012
Note: You can find this and all my other playlists on Spotify by using the post titles as search terms. To read the first part of this post, visit The Perfect Playlist for Changing Your Life (Part I). As the title suggest, this playlist is the perfect soundtrack for taking action, taking chances and taking charge of your […]
The Perfect Playlist for Changing Your Life (Part I)
by TheBenevolentSiren on March 1, 2012
Note: You can find this and all my other playlists on Spotify by using the post titles as search terms. Sometimes you have to make a change, and for me that time is one week from now. I won't go into details because I don't really know the details yet, but suffice it to say […]
3 inventions that changed personal audio forever
by AudiOdysseus on February 29, 2012
Velodyne has just thrown its proverbial hat into the arena of personal audio products. The incredible reception to vPulse is exceeding all of our expectations. And as we gear up for some amazing new releases in the near future, our brains are filled with visions of technology that may have seemed like an impossible dream […]
WiConnect System: About.com's Product of the Week
by admin on February 24, 2012
The WiConnect system is About.com's Product of the Week! The WiConnect System allows any subwoofer to receive audio input wirelessly, minimizing the need for excessive wiring and cables. With a range of up to 50 ft, it allows for placement flexibility so you can get the best out of your subwoofer.
"What subwoofer should I get?"
by admin on February 24, 2012
The ultimate question in the search for the perfect sound system is a pretty broad one: "What subwoofer should I get?" It can be a little overwhelming to find the right subwoofer for your specific needs. There are many factors to consider, from placement flexibility to budget to the size of your listening room. In order to […]
Live vs. Headphones (A selection of tracks)
by TheBenevolentSiren on February 22, 2012
There are many ways to experience music. Historically, I've found two of the most emotionally arresting of these ways to be live and via headphones. As I explained in Tuesday's post, each offers distinct advantages; some songs are more powerful with the pulsing electricity of a crowd backing them up, while others benefit from the […]
5 Differences between Live Music and Using Headphones
by TheBenevolentSiren on February 22, 2012
It's happened plenty of times before: I'll buy concert tickets months in advance, my expectations directly proportional to the price of the tickets, only to wish I could have just heard the tunes on a good pair of headphones when the show was over. On the other hand, I can look back at a few […]
Additional [%] off Sale Items until Friday, February 24th
by admin on February 21, 2012
Happy President's day, one and all! We're excited to offer an extra [%] off sale items at Velodyne.com through this Friday, February 24th. Use coupon code PREZ15 in your cart to take advantage of this offer. Please note that restrictions apply; see promotion details. Admin note: This promotion is no longer in effect. Please visit […]
- Getting Inside Outside Lands April 18, 2012
- Tips to Properly Care for In-Ear Headphones April 5, 2012
- 5 Tips for Optimal Subwoofer Placement September 28, 2011
- Welcome! August 24, 2011
- The Perfect Playlist for Changing Your Life (Part I) March 1, 2012
- Velodyne Supports Breast Cancer Research November 14, 2014
- Breast Cancer Awareness October 2, 2014
- Five Must-Have Items for Gadget Lovers in 2014 September 17, 2014
- The Gray Market: The Issue Really is Black & White September 4, 2014
- A PowerHouse Alliance for Subwoofers? Yes, It is. September 2, 2014
- David: Will the Velodyne subwoofer function correctly on ...
- The best earbuds: Thanks for your post, just searching for these inf...
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The Voices:
My name is AudiOdysseus. Admittedly, I would never describe myself as a hero of any kind and I tend to get seasick in open water. But I love adventure. There is nothing I appreciate more than exploring new territories and gathering information about the world around me. Those are also the types of posts you can expect from me. I'll be writing mostly about new gadgets, emerging trends, and my work-related travels to other lands.
Penny Lane
I'm passionate about music, a lover of pop-culture, a runner with a mad sweet tooth and an addiction to coffee. Read my musings about life, movie soundtracks and live concerts. If you see me on the freeway I am most likely singing very loudly in my car. Honk and say hi!
Subscribe to our e-mail newsletter to receive updates.
Ace of Bass
Born and bred in the Silicon Valley, I have an innate passion for all things technology. I'll post about home theater, quality sound, apps and much more. If I bump into you, its probably because I'm looking at my iPhone. Sorry!
Owner of vPulse and vFree and curious for the ventures of Velodyne Acoustics, I will be exploring our headphones and what we do next. Stay tuned as I share what I find.
Born and raised in Silicon Valley, I am a student at San Jose State University and Marketing intern at Velodyne Acoustics. I am an avid San Jose Sharks hockey fan and San Francisco 49ers football fan. When I'm not watching sports, I'm listening to music and thinking deep thoughts about sound.


text:
We got word early this afternoon through Punknews.org and our Twitter page that local indie-punkers O Pioneers!!! got into a van accident yesterday. The van rolled a few times on Interstate 80, which runs through the northern half of the US. No life-threatening or serious injuries were repo ... More >>
O Pioneers!!! turns growing up into unrelenting punk rock.
John Lennon, "Starting Over" Call Rocks Off crazy, but last week about this time - when I was frantically posting as many Ike & Tina Turner videos as I could find as the wind ominously picked up speed outside - seems about, as the Plimsouls said, a million miles away. It may be a little too soon ye ... More >>
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TheSniperZERO got things started this week. He also smells like day old bread.
In his spare time one trick pony is working hard to unlock the science of boners.
one trick pony makes an interesting point on internationalized Islamic militancy, however, he fails to take into account a number of key variables relating to the root causes of such behavior.
CuddleChunks just clicked some buttons and low and behold this image came to life.
You Will Read This Headline. Then You'll Laugh. Then You'll Realize You Were Wrong All Along.
'We're going to be in trouble!' Little Sister wailed, clutching her favorite book to her chest and sobbing. 'This isn't fun like a story anymore!' But Big Sister was not listening, she was thinking. She grabbed Little Sister's book from her and ran into town, yelling 'Help! A book made me and my sister hurt someone!'
Val Kilmer lures 6 morons into the ultimate death schvitz to prove global warming is real.
The Goons have already started their preparations, because that pitch isn't going to carpet itself!
When it comes to gaming laptops, you can never have too many LEDs or too much bad taste.
Photoshop Phriday showcases the tremendous image manipulation talents of the Something Awful Forum Goons. Each week they tackle a new theme, parodying movies, video games, comics, history, and anything else you can think of. If you want in on the action, join us on the Something Awful Forums!
Copyright ©2014 Rich "Lowtax" Kyanka & Something Awful LLC.


text:
Nike Men's New England Patriots Navy Fly Performance Shorts
Product Information:
Dive into the end zone this season in the Nike® Men's New England Patriots Navy Fly Performance Shorts. Designed for the athlete in you, these shorts are well equipped to suit your needs. Nike® Dri-FIT® technology wicks sweat away, and the loose fit keeps you feeling cool and dry during the game. Put your team front-and-center as you sport the Nike® Fly Performance Shorts.
- Lightweight, performance shorts
- Team logo on right leg
- Longer length for comfort and coverage
- Swoosh™ design trademark at left leg
- Dri-FIT® fabric wicks sweat away to keep you dry and comfortable
- Streamlined waistband for a comfortable fit
- Side pockets for secure small-item storage
- 10" inseam (size medium) for comfort and coverage
- Elastic waistband with internal draw cords for adjustable fit
- Oficially licensed by the NFL®
- Fabric: 100% polyester
- Nike
Country of Origin: ImportedWeb ID: 15780816


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Book Clubs & Writers' Groups
Library Branch
Mimico Centennial
Join the book club for an informal book discussion, with lively and stimulating conversation. New members welcome.
Tue Jan 27
Tue Feb 24
Tue Mar 24
St. Lawrence
Discussion of Arthur and George by Julian Barnes....
Aimez-vous lire en français? Si vous voullez participer à des discussions stimulantes contactez Céline au 416 395-5762.
Tue Jan 27
Tue Feb 24
Mimico Centennial
Discuss new books and old favourites with library staff. Call branch at 416-394-5330 for more information.
Thu Jan 29
Thu Feb 26
Thu Mar 26
Mimico Centennial
If you like mysteries, consider joining a group of mystery lovers for informal discussions. Tell us about your favourite books and learn about new authors.
Wed Dec 10
Wed Jan 14
Wed Feb 11
Wed Mar 11
Mimico Centennial
Join the book club for an informal book discussion, with lively and stimulating conversation. New members welcome!
Tue Dec 30
St. Lawrence
Discussion of A Conspiracy of Faith by Jussi Adler-Olsen. Copies of the book are available in the branch.
Port Union
Join other book lovers in your community and participate in lively discussions of popular books. It is free to join and the books are provided.
Tue Dec 02
Tue Jan 06
Tue Feb 03
Tue Mar 03
Everyone takes a part and reads along....
Sat Dec 20
Sat Mar 21