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Disclaimer: Any opinions expressed, potshots taken, or scientific views articulated are mine, and need not represent the opinions, potshots, or scientific views of the Federal Reserve Bank of St. Louis, or the Federal Reserve System.
Thursday, July 8, 2010
SED Report
Yesterday afternoon, I attended this workshop at the Universite de Montreal (sorry, can't find the accents) on the financial crisis. In this, we got a familiar rehash of events during the crisis, but there were also some noteworthy goings-on.
1. Bob Hall reviewed the key features of the aggregate data in a useful way. Important points were: (i) In terms of the the components of GDP, the downturn is all in consumer durables and investment. It's important, I think, to remember that there are key sectoral aspects to the recession. One initial source of our problems was the poor incentive structure (in the US) that caused us to build more houses than we should have. The ensuing related problems in financial markets had much of their real impact in the markets for durables, where credit is important. (ii) Average labor productivity typically falls in a recession. This time it has not. (iii) An interesting set of labor market observations, which you can see on Rob Shimer's web page relate to the Beveridge curve, or the typical negative correlation between unemployment and vacancies. Since 2000, the data fall on what appears to be a stable Beveridge curve (though of course we know this relationship is no more structural than the Phillips curve). Since late 2009, however, the vacancy rate has been rising, but the unemployment rate has been stuck at just below 10%. For what it's worth, here is an anecdote consistent with these observations. What the data indicates is fundamental mismatch in the labor market, between the skills that firms want and the skills the unemployed have. There is long-run structural change going on in the US economy - including a shift from manufacturing to services, and a shift in demand from low-skilled to high-skilled labor. We're all aware, I think, of the increase in the wage gap that developed 30 or so years ago between college-educated workers and those with less education. The housing boom masked some of what was going on, as it absorbed a lot of low-skilled workers. With the collapse in housing construction, we're stuck with the fallout - what some would call structural unemployment - which is making the unemployment rate higher than it would otherwise be.
2. Narayana Kocherlakota reprised his proposal for "rescue bonds," which I discussed here. This is interesting, but for purely academic reasons. I don't think it has any practical merit, for reasons I discussed in the earlier piece. Lucas made a good point, which left Narayana sputtering a bit. The idea is that, in an economy with a great deal of government intervention, we seem to find externalities everywhere we look. Lucas's example (if my memory has not failed me entirely) concerns a diabetic living in Canada (I'm adding that) who is imposing an "externality" on society if he/she does not treat his/her diabetes - this will just increase health care costs for the rest of us. The fundamental problem, if there is one in this example, really has nothing to do with externalities. Now, the problems of financial regulation Narayana is thinking about have to do with basic frictions - private information and limited commitment. Beginning in the 1970s, economists developed what we now know as mechanism design theory to think about how resources should be allocated in economies with private information and limited commitment. In mechanism design theory, "externality" is not part of the language, and it's not a useful concept. If mechanism design has a problem, it's that it does not tell us how to implement the solution to the mechanism design problem. What is the government supposed to be doing, and what is the private sector supposed to be doing? How do we interpret this solution in terms of "markets" or "regulation?" Obviously we have a lot of work to do.
3. Ed Prescott did pathbreaking work in the economics profession, and his Nobel prize is well-deserved. His work with Finn Kydland made macroeonomists more quantitatively disciplined, and serves as a benchmark for most of the work done in macro in the last 30 years, including New Keynesian economics, models with financial frictions, and incomplete markets models. However, I doubt that there were any people in the room yesterday who took Ed seriously. Ed's key points were: 1. Monetary policy does not matter. 2. Financial factors are the symptoms, not the causes, of the recent downturn. 3. The recession was due to an Obama shock, i.e. labor supply fell because US workers anticipate higher future taxes.* Bob Hall suggested that this would require a Frisch labor supply elasticity of about 27, which seems ridiculous. However, Ed stuck to his guns and thus seemed - well, ridiculous. As a basic framework, the real business cycle model is obviously useful - you can't argue with a basic framework of preferences, endowments, technology, and optimal choice. I think we know by now, though, that financial factors have a lot to do with what we are measuring as TFP (total factor productivity). We certainly should not be listening to suggestions that central banks are irrelevant - these institutions can clearly reallocate resources in a big way when they want to.
*As a commenter pointed out, Prescott may have been talking about capital income taxes, though it was hard to tell. And, as Rody Manuelli pointed out, the labor supply story makes no sense in the context of Prescott economics anyway. In a Prescott world, we would substitute leisure intertemporally in response to higher future labor income tax rates - labor supply in the present would go up, not down.
157 comments:
"Ed Prescott did pathbreaking work..."ReplyDelete
Not if you read the fine print. At the core of the RBC hocus-pokus, Prescott, following Lucas, simply assumes away the real world. Then an elaborate superstructure of pseudo-preferences and ersatz rationality axioms conceals the banishment. In the Lucas/Prescott labor supply model output is directly proportional to hours. That's an assumption that Lionel Robbins dismissed as naive back in 1929! I'd like to know what happened in the intervening 80 years to transform the naive assumption into "pathbreaking".
"As a basic framework, the real business cycle model is obviously useful - you can't argue with a basic framework of preferences, endowments, technology, and optimal choice. I think we know by now, though, that financial factors have a lot to do with what we are measuring as TFP (total factor productivity)."ReplyDelete
Doesn't the second sentence rather rebut the first? ("As a basic model, you can't argue with including water, sugar,and ice. But lemons are also an aspect of lemonade.")
But. But. But. Assuming there are no lemons..., Ken.ReplyDelete
Also, in the RBC lemonade model steam works as well as ice. It's all H2O!ReplyDelete
When major figures in the field make arguments like that, why should a non-economist believe that there's a science there at all? If I ask a physicist a question and get a second opinion, if it's about physics, and not about a hypothesis at the far frontier like string theory, the second answer will be the same as the first. This is not true of economics. So all of economics is like string theory, or maybe alchemy.ReplyDelete
As it is, I listen to the economists I agree with politically, just like anyone else. And maybe that's the way it should be. But in that case, why should economists be at the top of the policy-making pyramid?
- AnonymousJuly 8, 2010 at 3:34 PM
As it is, I listen to the economists I agree with politically, just like anyone else. And maybe that's the way it should be
No it shouldn't be, and nor is it. Hall and many of the economists who disagree with Prescott do so because of their beliefs over how the economy actually works.
If it was just politics, then many economists who now disagree with Prescott would actually agree with him.
I don't expect you to understand or accept that.
- AnonymousJuly 8, 2010 at 4:26 PM
Hall and many of the economists who disagree with Prescott do so because of their beliefs over how the economy actually works.
This is interesting and telling, and actually points up the difference between economics and any kind of science, or indeed any kind of reality-based human interaction.
In economics, as in no other place, one can provide a theorem which makes bold predictive arguments, which can be carefully matched against the way the world actually works, and then carefully NOT make any predictions from them. And then when one DOES make predictions from them, if one is completely wrong, over and over, one is not required (nor even expected) to mark them down as at best incomplete and at worst verifiably false and move on. No, one just claims loudly that there were other factors at work, make up some more gobbledy-gook, and then go on peddling your theory.
In science it's obvious what this looks like, but I'd like to show you examples of this in other aspects of life as well:
"Sure, I know that I'm 40 and have been trying to break into the rock scene since I was 22, and that everyone universally says my music is crap. But I know it's just a combination of jealousy and the fact that the right people haven't heard it yet. And I'm ahead of my time. And I need a different guitar, this one is broken."
"Well, yeah, I know that the economy of Detroit is going down the crapper and houses are selling for 1/10 of their previous cost. But I'm going to hold onto mine, because the price is sure to come up again soon!"
"I am a banana!"
The fact is, we pity everyone else who performs this way, but we give tenure to the economists.
It leaves me wondering if they actually believe what they are saying, which is one kind of bad, or if they are simply rewarded for saying it.
Prof. Williamson -ReplyDelete
Thank you for a very interesting post. Whenever you have time, could you please elaborate on the following statement: "We certainly should not be listening to suggestions that central banks are irrelevant".
If you have in mind the non-traditional policy operations that the Fed and other central banks have been conducting during the last two years, you are obviously right. Many of these operations that "clearly reallocate resources in a big way" could, however, just as well have been labeled "fiscal policy" as "monetary policy". My question is whether you think traditional monetary policy is relevant for anything else than purely nominal variables.
Thanks a lot.
- AnonymousJuly 8, 2010 at 6:59 PM
>Bob Hall suggested that this would require a Frisch labor supply elasticity of about 27ReplyDelete
ROTFLMAO. Well bless him, but only another economist could come up with that rebuttal.
I mean, the whole basis of all this type of crap is that people are rational actors... did anybody point out to the damn fool that the rational thing to do, if you "anticipate higher taxes in the future" is to double your efforts and squirrel away as much as possible?
Come to think of it, squirrels are smarter than Prescott - they anticipate Mother Nature taking the nuts away in winter so they collect and save them when they are there. He would apparently collapse into a funk and starve.
-- a different chris
Well. All I can say is that it's a shame that most of you people are so confused by economics and what economic science is about. I assure you that these meetings are all about science. We have theory; theory is tested; we draw conclusions from that about how policy works and why. We go to conferences and argue about the science. This is how progress is made. Every science has the same kinds of arguments going on, and when there is lot a stake, and politics mixed in, things are going to look very clouded from the point of view of the layman.ReplyDelete
- RagoutJuly 8, 2010 at 8:01 PM
Ironically, Hall's rebuttal is just as nutty as Prescott's argument. Both assume that taxes have gone up under Obama, when actually they've gone down.ReplyDelete
- AnonymousJuly 8, 2010 at 8:24 PM
I won't claim to speak for Ed, but my understanding of the third point is a bit different than yours, Steve. I don't think he really believes that expectations of higher future taxes are depressing labor supply. As you noted, this seems a bit ridiculous. But it does seem reasonable to think that expectations of higher future taxes are depressing private investment, which as you pointed out from Bob Hall's remarks, is one of the major components GDP that is suffering right now. It seems clear that the federal government has borrowed and spent a significant amount over the last 24 months or so. And we have some big obligations looming on the horizon as well (ongoing war costs, social security, and health care, to name a few). Our national debt isn't going away anytime soon, so we either have to cut spending (not likely), monetize the debt (I doubt the Fed will allow for significantly higher inflation), or see higher taxes sometime in the future. The latter seems most likely. If nothing else, it seems we're going to see at least some tax increases as the Bush tax cuts expire. It's clear that taxes affect return on investment, and business unsure of future tax rates might be less willing to make risky investments because of that uncertainty. That was my take on Ed's argument, and it seems reasonable. Let me know if I'm way off base here.ReplyDelete
Gun sales in the US went up when people started believing that Obama was going to win. This effect was before he had won, let alone done anything as president. Investors seeing a statist coming to power could easily decide it is better to invest in other countries. Bigger government is not good for investors.ReplyDelete
- AnonymousJuly 16, 2010 at 11:20 AM
High future taxes and regulation can depress current labor supply, notwithstanding Hall and Manuelli. Jaimovic and Rebelo (AER 2010) clearly demonstrated how future shocks can effect things today within the context of the neoclassical growth model. Furthermore, their generalized version of GHH preferences show that this can be down with a zero short-run intertemporal elasticity of labor supply that can still be consistent with long run growth facts. Sounds to me like Prescott will have the last laugh, as always!ReplyDelete
- AnonymousJuly 17, 2010 at 2:20 PM
Bloom and Jaimovic have a paper together showing how uncertainty, per se, can have negative effects on the economy. Sounds like Obama is a negative shock.ReplyDelete
- AnonymousJuly 17, 2010 at 2:22 PM
Ps Nice blog, Steve!ReplyDelete
- AnonymousAugust 1, 2010 at 4:00 PM
One thing that was overlooked:ReplyDelete
Macro is not another word for economic science. It's a subfield that's more like meteorology with poor sensory data than Newtonian physics. Macroeconomists try to tackle QUANTITATIVE implications of their models but the real world is very complex.
If you are looking for "ask second physicist" kind of thing, the better comparison is game theory or micro theory. There is no ambiguity on how to apply a particular solution.
As you get closer to empirics it becomes harder because people don't behave like electrons. They might try to impress a human caller but not a robocall. They may have expectations and responses to government policy that animate matter has no analogue for.
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New Arrivals - Feature Films
"An Iranian man deserts his French wife and two children to return to his homeland. Meanwhile, his wife starts up a new relationship, a reality her husband confronts upon his wife's request for a divorce"--Container.
Alan Partridge, the famous local radio DJ and TV host, finds himself at the center of a siege, when a disgruntled fellow DJ decides to hold their station hostage after learning that he's getting fired when the new owners decide to convert the station to talk radio.
Steve Rogers, aka Captain America, living quietly in Washington, D.C. and trying to adjust to the modern world. But when a S.H.I.E.L.D. colleague comes under attack, Steve becomes embroiled in a web of intrigue that threatens to put the world at risk. Joining forces with the Black Widow, Captain America struggles to expose the ever-widening conspiracy while fighting off professional assassins sent to silence him at every turn.
In the harsh, wintry woods of rural Quebec, Bruce, a down-on-his-luck snowplow operator, accidentally kills a man during a drunken night joyride. Stricken with panic, he hides the body and takes to the deep wilderness in hopes of outrunning both the authorities and his own conscience. But as both begin to close in, Bruce falls apart mentally and morally and mysteries unravel to reveal who he was before the accident.
With fame, fortune and fans galore, silent screen idol Don Lockwood thought he had it all. But one look at aspiring actress Kathy Seldon, and he knew exactly what he was missing. Now he's swinging from lampposts, singing in the raindrops and ready for love. With talking pictures on the rise, Don sets out to make a musical with the woman of his dreams, but one thing stands in his way, his jealous co-star who wants Don--and the leading role--all to herself.
A romantic drama set in Germany just before WWI and centered on a married woman who falls in love with her husband's protegee. Separated first by duties and then by the war, they pledge their devotion to one another. Eight years later, with millions dead and Europe in ruins, the exile returns, to his homeland and to the woman he hopes has been waiting for him. But has their love survived the brutal passage of time?
Simon is a timid man, scratching out an isolated existence in an indifferent world. He is overlooked at work, scorned by his mother, and ignored by the woman of his dreams. He feels powerless to change any of these things. The arrival of a new co-worker, James, serves to upset the balance. James is both Simon's exact physical double and his opposite: confident, charismatic and good with women. To Simon's horror, James slowly starts taking over his life.
When four strangers meet on New Year's Eve, they form a surrogate family to help one another.
Maggie and Aaron Royal must come to terms with their first child's death in the womb and stillbirth, the resulting strain on their marriage, and their hesitant joys and turbulence of a second pregnancy.
On the day of the NFL Draft, general manager Sonny Weaver, Jr., has the opportunity to save football in Cleveland when he trades for the number one pick. He must quickly decide what he's willing to sacrifice in pursuit of perfection as the lines between his personal and professional life become blurred on a life-changing day for a few hundred young men with dreams of playing in the NFL
Guy Trilby is a 40-year-old who finds a loophole in the rules of The Golden Quill national spelling bee and decides to cause trouble by hijacking the competition. While reporter Jenny Widgeon attempts to discover his true motivation, Guy finds himself forging an unlikely alliance with a competitor: awkward ten-year-old Chaitanya Chopra, who is completely unfazed by Guy's take-no-prisoners approach to life.
Revolves around Ben, a young German student traveling to Cambodia on a post-graduation summer trip, and Sreykeo, a 21-year-old bar girl in Phnom Penh. The two meet in a nightclub and quickly fall in love. After Ben returns home to Germany, Sreykeo, skyping from Cambodia, reveals that she is HIV-positive.
Behind closed doors, patriarch Frank rules his family with a rigorous fervor, determined to keep his ancestral customs intact at any cost. As a torrential rainstorm moves into the area, tragedy strikes and his daughters Iris and Rose are forced to assume responsibilities that extend beyond those of a typical family. As the unrelenting downpour continues to flood their small town, the local authorities begin to uncover clues that bring them closer to the secret that the Parkers have held closely.
After a disastrous blind date, single parents Lauren and Jim agree on only one thing: they never want to see each other again. But when they each sign up separately for a fabulous family vacation with their kids, they are all stuck sharing a suite at a luxurious African safari resort for a week.
Arnold Schwarzenegger leads an elite DEA task force that takes on the world's deadliest drug cartels. When the team successfully executes a high-stakes raid on a cartel safe house, they think their work is done, until, one-by-one, the team members mysteriously start to be eliminated. As the body count rises, everyone is a suspect.
After Amy's parents leave, she ends up raising her two, slightly younger, but overly needy siblings. Amy has to balance her personal life with her responsibilities. But when Sam, a young handsome stranger rolls into town, he becomes entrenched in the family while he and Amy, against all odds, begin to create a life they never thought possible.
The story picks up with Joe's adulthood, where her journey of self-discovery leads to darker complications, near destruction, reconciling her decisions to move on.
Adolf Hitler. Franklin Delano Roosevelt. Benito Mussolini. Winston Churchill. Charles de Gaulle. George Patton. Before they were the giants of WWII, they were infantrymen and privates in WWI, the war to end all wars. The story of the devastating three decades of twentieth-century world war is told through the eyes of the men whose characters were forged in the trenches before they commanded a world on the brink of disaster.
Getting to know the partner of your life is a work of destiny! But, one thing is getting married and another thing is resisting. Therefore, to survive the crisis of marriage, we will tell you how to accomplish it. This hilarious comedy will teach you that in love; everything goes!
Middle aged and divorced, company owner Richard Jones is looking forward to a worry-free existence as he arrives at his office on his last day of work. Much to his dismay, he discovers that the management buyout of his company was fraudulent. The company is now bankrupt and the employee pension fund, including his own has been embezzled. Enlisting the help of his ex-wife Kate, Richard sets out to track down Vincent Kruger, the shady business man behind the fraud.
New Yorkers Molly and Joel tell the story of how they met when Molly owned a boutique confectionery on the Upper West Side and Joel's corporation opened a candy superstore across the street, threatening to put Molly out of business.
Story of an eighteen year old high school dropout in Idaho who traffics high end pot from Canada and makes millions. Now he is in over his head, and the feds are on his trail. Based on a true story.
Prep school teacher Jack Marcus meets his match in Dina Delsanto, an abstract painter and new teacher on campus. He challenges her to a war between words and pictures, and in the process, sparks an unlikely romance.
In a world where people are divided into distinct factions based on human virtues, Tris Prior is warned she is Divergent and will never fit into any one group. When she discovers a conspiracy by a faction leader to destroy all Divergents, Tris must learn to trust in the mysterious Four and together they must find out what makes being Divergent so dangerous before it's too late.
The story of three radical environmentalists coming together to execute the most intense protest of their lives: the explosion of a hydroelectric dam.

subset: commoncrawl


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Lake Encroachment Permit Program
Lake Encroachment Permits (LEP) are issued under 29 V.S.A. Chapter 11 (Management of Lakes and Ponds), which regulates encroachment in public waters. The goals of this program are to minimize the encroachment on public waters as well as ensure that projects do not adversely affect the public good and are consistent with the Public Trust Doctrine.
Projects encroaching on public waters such as docks, walls, boathouses, bridges, water intakes, cables, dredging, or fill, may require a permit.
Encroach means:
Certain small projects or activities are exempt. These include:
These activities may also require a Vermont Wetland Permit if there are wetland impacts.
Some projects may require a permit from the U.S. Army Corps of Engineers and a Section 401 Water Quality Certification from the Watershed Management Division.
The Lake Encroachment Program provides technical assistance regarding shoreline stabilization, encouraging nonstructural solutions where feasible. In general, maintaining a natural shoreline by reestablishing plant growth along the shore is less expensive and more beneficial than a wall along the shore.
A LEP application form may be downloaded: pdf format (129 KB) or Word format (39 KB). The scope and detail of the information required from an applicant depends on the specific nature of the project being proposed.
If you have any questions regarding the application form or whether a permit is necessary for your proposed activity, contact your regional permit analyst:
Review Process
Once an application is complete, it is sent with a request for comments to adjoining landowners; local, regional and state offices; and other interested persons. The Watershed Management Division may conduct investigations, meetings, and site evaluations to verify information contained in an application. Generally it takes from 60-90 days for final decision to be issued once an application is considered complete.
The factors considered during the review of a project's effect on the public good include the water quality; fish and wildlife habitat; aquatic and shoreline vegetation; navigation, recreation and other uses; consistency with the natural surroundings; consistency with local ordinances or state plans; and the cumulative impact of other existing encroachments.
Applications are also reviewed for consistency with the Public Trust Doctrine. There must be some public purpose, public benefit, or both associated with the project in order for the application to be approved. In making this public trust determination, consideration will be given to the public purpose served by the encroachment, the public benefits created by the proposed encroachment, and any adverse impacts on public trust uses and the public resource as a result of the encroachment.
Appeal Process
Additional Resources
Updated: November 24, 2014
VT DEC Watershed Management Division 1 National Life Drive, Main 2 Montpelier, VT 05620-3522 Tele: 802-828-1535 Fax: 802-828-1544
|DEC home dec calendar contact dec topic index site map search
A Vermont Government Website Copyright 2003 State of Vermont - All rights reserved


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Nicki busted out "Stupid Hoe" late last year before promising an accompanying clip to drop this week, and though it's coming in late Friday, she's a woman of her word! And, my stars, is it a flashy, sugared-out affair. Hype Williams — who else? — directs. And like many other Hype Williams clips, I haven't the foggiest idea of what's going on in the tripped-out excess of "Stupid Hoe." Check it below.
Pink Friday: Roman Reloaded is out 4/3 on Young Money (the initial 2/14 release has been delayed, h/t reader Adam).
Tags: Hype Williams, Nicki Minaj
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Clint Witchalls: What are futurologists and what role do they play at BT?
Nicola Millard: People ask if I have a crystal ball. I do, but it doesn't work, so I have to work slightly harder for my living. Put simply, a futurologist is someone who simply studies the future. I'm a psychologist by background so I'm used to developing theories then testing them in present-day situations. But futurology isn't a normal –ology, so you can't do that. Ideas will only be proved right in the future. I met a futurologist the other day who called himself a 'trend DJ' and I think that's a nice way of describing what futurologists do. We gather trends and try and figure out what's going to become big and what's going to die out. Then we ask: what if this does happen? What would be the impact on business?
CW: Do most big companies employ futurologists or is BT unique in this respect?
NM: No, we certainly aren't unique. There are quite a number of companies that employ futurologists. But few do far-future speculation. The rational behind that is companies don't tend to think much beyond three years. You will find independent futurologists and academic futurologists who are thinking maybe ten, fifteen or twenty years ahead, but if you look at big companies that are employing futurologists, they tend to focus short to middle term simply because that's the timescale that matters most.
CW: So you can't do Nostradamus-type predictions and tell us what's going to happen in a hundred years time?
NM: I don't think any futurologist can predict that far ahead and any futurologists that claims they can are either deluded or mad. As you get beyond five years, predicting anything with accuracy is really, really difficult. The pace of change is just so fast today. You can talk about a trend and two weeks later it's become a reality because we're all connected, we're all networked together and things travel a lot faster.
CW: And how do you go about predicting possible future scenarios? What are the typical inputs?
NM: Futurologists tend to try and take a multi-faceted look at how things are developing. They look at established trends and project them forward. They look to see who has their finger on the pulse and what leading academics are saying. And they look at things going on around the world. That's important – as William Gibson, the science fiction author, said, "The future's already here; it's just not evenly distributed yet."
NM: It's one that's coming true at the moment. Many years ago, I predicted that places like coffee shops would become places where we work. We now have what people are calling the 'coffice' emerging. Coffices are coffee shops that are set up so business people can work. They've got good wifi, mains outlets, printers, photo-copying facilities – even meeting rooms. They're not necessarily your typical branches of Costas and Starbucks – they're something more than that. The trend started in Scandinavia, but the number of coffices here in the UK is growing, just as it is in the US.
CW: And what predictions have you got horribly wrong?
NM: Well, I wouldn't say horribly wrong, but I have got growth predictions wrong. We were predicting home shoring—home-based contact advisers—would be growing phenomenally by now. There's no reason why it shouldn't because the technology is there. You can have a contact centre wherever you are. In fact, in the US it is growing the way we predicted, but in the UK it spikes occasionally. We have events like the snow last year when a lot of contact centres struggled to get people to work. Inevitably, call volumes go up when you have things like snow, particularly if you're a utility company. If you've got flooding or freezing you've got more calls and you've got fewer people to take them. We're predicting another spike around the Olympics because of the logistics of getting people in and out of London. There's going to be a huge amount of travel disruption and we're predicting there's going to be a spike in uptake of home shoring. But, overall, we're not there yet. In the UK, home shoring is not growing as much as we'd hoped or, at least, as I'd predicted.
Do you have any questions you'd like to ask Dr Nicola Millard? Please leave them in the comments box below if you do.


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Darren makes a mess wrestling a boiler out of a building; a spat with Frankie turns into a slap fight. Sal tows his first car and winds up smashing a Lexus, trapping himself in the car, and yelling at passing traffic.
Download the TV Guide app for iPhone, iPad and Android!


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Museums at Night Preview: Andrew Lane reads from his new novel Lost Worlds in the highly novel surrounds of on Saturday May 18.
Young inquistive minds won't know where to look as they listen to fantastic tales of mysterious creatures during this extra special event at Barts Pathology Museum.
The London collection of specimens is opening its doors for a one-off reading from the author of the Young Sherlock Holmes series, Andrew Lane, who be talking about his new book, Lost Worlds.
The book delves into the mysterious world of supposedly mythological creatures, and follows the hero Calum Challenger as he tries to capture their DNA while simultaneously fending off the attentions of Big Pharma.
Open to adventurous kids of nine years old or over, this is a rare opportunity for adults and kids to visit the museum out of hours - this time on a Saturday afternoon - and kids get in free.
- . Museums at Night runs May 16-18 2013. Visit museumsatnight.org.uk to find out what's on near you.


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European Central Bank (ECB) President Mario Draghi and former ECB President Jean-Claude Trichet (L) attend a conference for the 20th anniversary of the establishment of the European Monetary Institute, in Brussels February 12, 2014. Draghi said on Wednesday the new pan-European banking supervisor will be able to prick localised asset bubbles, if necessary. REUTERS/Francois Lenoir (BELGIUM - Tags: BUSINESS)
Content engaging our readers now, with additional prominence accorded if the story is rapidly gaining attention. Our WSJ algorithm comprises 30% page views, 20% Facebook, 20% Twitter, 20% email shares and 10% comments.
Subscriber Content Read Preview


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Sun archive: Dream Home
Dream Home takes readers into the houses of Baltimore area residents who have found their ideal home, whether it be a mansion, rowhouse or two-room cabin.
Have you found your dream home? Tell us about it at email@example.com.
Dream Home photos | Share your Dream Home | Top-selling properties photos | Area home sales database
Megan McSally and Joe Marino found a home to accomodate their seven kids
Ever marvel at the breakneck speed of new construction in downtown Baltimore, or the increasing migration of former suburbanites to the city?
Ballroom dance and decorative art enthusiasts find their 'museum of memories'
Susan and Bill Thomas use neutral decor to highlight their artistic collection
Gary and Rebecca Perlow did not set out to buy a condo at the Ritz-Carlton Residences off Key Highway in Baltimore's Inner Harbor area. After all, they lived right down the street in the Townes at HarborView.
It is not uncommon for people's taste in housing and lifestyle to change over the years. Cindi and Chad Seitz, however, took it to the extreme.
The white Beaux-Arts-style building in Baltimore's Mount Vernon neighborhood, known simply as 700 Washington Place, is considered by many as one of the city's most elegant addresses.
Instead of moving to the suburbs, Ann and Dominic Wiker are raising their children in the neighborhood they loved as young adults
Former grain terminal in Locust Point has modern and historical touches
Bill and Jo Ann Loeliger enjoy experiencing all four seasons on the shore of the Middle River


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Please Fill This Out
please fill this out!AM I:1. Quiet or loud?:2. Funny or lame:3. Weird or original?:4. Cute or sexy?:5. Nice or mean?:6. Friendly or selfish?:7. a Bitch or a Bastard?:8. Smart or stupid?:9. Boring or fun?:10. Attractive or unattractive?:DO YOU THINK I'M:1. A psycho?:2. Athletic?:3. A nerd?:4. A slut?:5. Ghetto?:6. A Bitch?:7. A Player?:8. Two-faced?:9. Obnoxious?:10. Immature or mature?:11. Sensitive?12. Romantic?13. Fucked up?JUST SOME QUESTIONS:1. Do you think I'll get married?:2. If you do, who do you think I'll marry?:3. When is my birthday?:4. Who is my best friend?:5. What song (if any) reminds you of me?:6. Do I remind you of any characters on TV?:7. What animal am I most like?:8. If you could re-name me, what would you call me?:9. Have you ever had a dream about me?:10. If you could give me anything, what would it be?:PERSONAL: (you don't hafta answer dis part if you're of the same sex)1. Am I (physically) ugly, average, decent, good-looking, hot, or damn you fine!?:2. Would you ever kiss me?:3. Have we ever kissed?:4. Would you ever consider being my boy/girlfriend?:5. Do you ever think about me when you are alone?:6. If we spent a day together, where would we go &what would we do?:7. If you could describe me in one word what would it be?:8. Do you or did you ever have a crush on me?:9. Do you wish we were closer?:10. Do you love me?:11. State your completely honest opinion of me here:Love Ema Punk
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Photo #: 80-G-416534
Curtiss XF9C-1 "Sparrowhawk" fighter
(Bureau # A8731)
Is lifted into the hangar of USS Akron (ZRS-4), after hooking onto the airship's trapeze landing gear, 3 May 1932. Photographed during exercises over the Atlantic Ocean near Naval Air Station Lakehurst, New Jersey
Pilot is Lieutenant Howard L. Young.
Official U.S. Navy Photograph, now in the collections of the National Archives.
Online Image: 91KB; 740 x 605 pixels
Reproductions of this image may also be available through the National Archives photographic reproduction system.
Click on the small photograph to prompt a larger view of the same image.
If you want higher resolution reproductions than this digital image, see: "How to Obtain Photographic Reproductions."
2 July 2002


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Modern Marvels takes a look at the important role that fire has played in technological advances as well as warfare.
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Both John Fogerty and Jackson Browne have joined the lineup of performers set to hit the stage for this year's Rock and Roll Hall of Fame induction ceremony. The event is set to take place on Thursday, April 18 in Los Angeles.
This year Fogerty and Browne join a diverse mix of performers already confirmed for the night including Carole King and Usher.
Heart will also make a special appearance, flanked by Pearl Jam's Mike McCready and Alice in Chains' Jerry Cantrell. Other performers include Randy Newman, Public Enemy and Rush.
Inductees include Donna Summer, Albert King, Quincy Jones and Lou Adler. Other special contributors include Spike Lee and Harry Belafonte, both of whom will pay tribute to inductees Public Enemy.
Copyright(c) 2013 RTTNews.com. All Rights Reserved


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New Pope's Dress On Show At The Gammarelli Atelier
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The skull cap and shoes for the next Pope are displayed at the... News Photo 163125296Cap,Cassock,Horizontal,Italy,Pope,Religion,Rome - Italy,Shoe,Skull,Spirituality,ZucchettoPhotographer Franco OrigliaCollection: Getty Images News 2013 Getty ImagesROME, ITALY - MARCH 05: The skull cap and shoes for the next Pope are displayed at the Gammarelli Atelier on March 5, 2013 in Rome, Italy. The Gammarelli Family produced dresses for Popes since 1922. (Photo by Franco Origlia/Getty Images)


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"Did You Know?" - Traffic Stop
"Did You Know?" - Bicycle Laws
Press Release New Crime Scene Investigator
35th Police Academy Graduation
Press Release Boys and Girls Club
Press Releases Round Up 5-7-12
Press Release Travis Soileau 4-12-12
Press Release St. Landry Parish Sheriff Issues Appeal to
Citizens in Fight Against Crime 3-30-12
Press Release A Prime Oppoutunity for Citizens to Join in the Fight Against Crime 3-29-12
Press Release Port Barre Jennie Castille 3-27-12
Press Release Melville Robbery 3-11-12
Press Release St. Landry Lumber 2-15-12
Press Release Gregory Stelly 2-9-12
Press Release Girls Kops & Kids 1-30-12
Press Release- S.W.A.T Team 2/6/2012
St. Landry Parish Press Releases are viewable in Adobe Reader (PDF format). To download the latest Adobe Reader, visit www.adobe.com.
Website developed by Acadiana Regional Development District
© Copyright 2006-2007 javascript-array.com


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|KT Venture Group--The Corporate Venture Capital Partner of KLA-Tencor--Appoints Advisory Board
SAN JOSE, Calif., Jan. 15, 2003-KT Venture Group, LLC, the investment partner of KLA-Tencor Corp. (NASDAQ: KLAC), today announced it has formed an advisory board to augment its efforts in identifying promising start-ups in the semiconductor and related high-technology microelectronics industries. Industry veterans Burt McMurtry, Dean Morton and Peter Wolken have been appointed members of the advisory board.
"We are extremely fortunate to have Burt, Dean and Peter on our team. Their extensive expertise and experience in venture capital (VC) and the semiconductor industry will prove invaluable in our efforts to foster the growth and success of tomorrow's pioneers in high technology," said Robert Lee, general partner and founding member of the KT Venture Group.
Established in late 2000, KT Venture Group employs a unique VC model that leverages its affiliation with KLA-Tencor and combines the benefits of a corporate VC fund with the flexibility and independent decision-making advantages of private VC structures. Adhering to a rigorous and extensive selection process, KT Venture Group is responsible for exploring and investing in early- to mid-stage start-up companies in the semiconductor manufacturing and services sectors, as well as other related emerging microelectronics markets in which KLA-Tencor's technology and expertise in process control and yield management can provide unique value. The fund is actively seeking new investment opportunities to add to its current portfolio.
Advisory Board Members
Burt McMurtry has been a Silicon Valley VC investor since 1969. He co-founded several VC partnerships, including Institutional Venture Associates (IVA) and Technology Venture Investors (TVI). His venture firms have backed such companies as KLA-Tencor, Adaptec, Altera, Compaq, Intuit, Linear Technology Corporation and Microsoft. McMurtry also serves as a trustee of Rice University, Stanford University and the Carnegie Institution of Washington. He holds a Bachelor of Arts degree and a bachelor's degree in electrical engineering from Rice University, as well as a master's degree and doctorate in electrical engineering from Stanford University.
Dean Morton was executive vice president, chief operating officer and a director of Hewlett-Packard prior to his retirement in 1992. Morton, who recently retired from KLA-Tencor's board of directors, is currently a member of the board of directors of BEA Systems, Inc., Cepheid, The Clorox Company, Pharsight Corporation, and a number of private companies. He is also chairman of the Center for Excellence in Nonprofits, which provides the nonprofit community with in-depth leadership development and continuous improvement programs. Morton earned a bachelor's degree in electronics from Kansas State University and a master's degree in business administration from Harvard University.
Peter Wolken has been a successful venture capitalist for more than 20 years. In 1982, he founded Associated Venture Investors (AVI), which specializes in seed and early-stage investments in high-technology companies positioned for high-growth segments of the information technology market. Wolken also has more than 20 years of experience working in the electronics industry for such firms as RCA, General Electric, Beckman Instruments, Electroglas, and Etec Systems (now an Applied Materials company). He holds a bachelor's degree in mechanical engineering from the University of California at Berkeley and a graduate degree in marketing from the American Graduate School for International Management. Wolken currently serves on the board of directors of Extreme Networks, Inc. and LGC Wireless.
About KT Venture Group, LLC: KT Venture Group is the investment partner of KLA-Tencor, a leader of process control and yield management solutions. Headquartered in San Jose, the venture capital group was the first of its kind established by a company within the semiconductor equipment sector. The group combines the private VC-like structure and execution with unique corporate VC benefits.
About KLA-Tencor: KLA-Tencor is the world leader in yield management and process control solutions for semiconductor manufacturing and related industries. Headquartered in San Jose, Calif., the company has sales and service offices around the world. An S&P 500 company, KLA-Tencor is traded on the Nasdaq National Market under the symbol KLAC.
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Unlike Any Other Cap You've Raced In
Livermore, CA – (April 18, 2012) – FINIS, the worldwide leader in technical swimming development and provider of select training equipment for the U.S. Olympic Swim Team, announces the new Hydrospeed Racing Dome Cap.
This FINA Approved racing cap provides a racing feel with its ultra thin and extremely light material. The ultrasonically welded seams and 0.3mm racing material help remove air pockets and ripples in the cap, creating a smooth hydrodynamic surface.
The non-permeability of the cap makes the dome cap optimal for competition. The cap is designed for competitive athletes who an edge over their opponents. USA sprint specialist Lara Jackson stated, "The Finis racing cap is unlike any cap I've seen before. It's comfortable and snug so I feel ready to go….fast. It's like having a fast suit on your head!"
To get your Hydrospeed Dome Racing Cap visit www.finisinc.com/hydrospeed-racing-cap.html
About FINIS:
Founded in 1993 in Northern California, FINIS was started by John Mix and Olympic Gold Medal Swimmer Pablo Morales. The Monofin and the Swimmer's Snorkel were the first products they developed for the US market; afterwards, they continued to focus on creating training tools for swimmers and coaches worldwide. FINIS products are currently available in over 60 countries and are used by US and International Olympic teams, elite triathletes, and fitness swimmers.
Innovative research and design is FINIS' highest priority. This dedication has resulted in truly unique products such as: the Swimmer's Snorkel, which is recognized as the paramount tool to improve a swimmer's technique, the SwiMP3® that uses bone conduction technology to play music instead ear buds, and the Z2 Zoomers® fins, which demonstrate an intimate understanding of swimming musculature, hydrodynamics, and engineering.
Media Contacts:
Vicki Espiritu
Marketing & Communications Manager
FINIS Inc.
Visit the FINIS Blog at http://www.finisinc.com/blog/
Facebook at http://www.facebook.com/FinisInc


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The application brief, "Using Time Sidelobe Measurements to Assess the Performance of Compressed-Pulse Radars" defines key problems related to measurements of compressed-pulse radars, describes the time sidelobe method, and outlines the practical uses of this approach.
Copyright ©
Get access to premium content and e-newsletters by registering on the web site. You can also subscribe to Microwave Journal magazine.


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I've read somewhere where people are actually starting to prefer the sound of compressed music because of how often you listen to it. You're shooting below coin-flip, so this might be the case. »
Anyone think this will be better off as a Rambo-like ammo belt? A longer platform, better load carrying so pants don't get pulled off. »
I'm between buying a new laptop and a new battery for my '08 Macbook, and this thing just made the battery replacement cost from Apple seam perfectly reasonable. What? »
I think the idea is to have the cutting done in a preset layout so that people don't try to move the gingerbread men onto the baking sheet or rearrange them (which I would wager is the main reason arms fall off and stuff.) »
Considering it's a group of university students, and from surveying my friends, I'd think "Wake up" would be number 1. »
You don't, because the interest on their student loans is higher than the 5% return. Hopefully you manage to tell them to pay down their debts ASAP instead. »
Here's a thought. A 3d printed version that has a twist off top instead? In that same vein, is there no bootleg mass produced version of that already? »
What kind of safety is on the line with a 6cm long knife, pray tell. Hijacking a plane with a locked door and a gun on the other side? The only people affected by this rule is people who forgot their Swiss Army knife was on them. The flip side? »


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Tenure for Law School Faculty Members
The School of Law is pleased to announce that the President of Seattle University, Father Stephen V. Sundborg, SJ, has conferred tenure, effective fall 2005, on three of our law school faculty: Associate Professor Carmen Gonzalez, Associate Professor Catherine O'Neill, and Associate Professor Gregory Silverman. Please join us in extending our congratulations to these three outstanding faculty members.
Professor Carmen G. Gonzalez holds a B.A. in political science from Yale University and a J.D. from Harvard Law School. She practiced law for many years in the private sector and in government before joining the faculty of Seattle University School of Law in 1999. Following graduation from law school, Professor Gonzalez clerked for Judge Thelton E. Henderson of the U.S. District Court for the Northern District of California. From 1994-1998, she was assistant regional counsel for the U.S. Environmental Protection Agency in San Francisco, California. In addition to her experience in U.S. environmental law, Professor Gonzalez has worked on environmental law projects in Mexico, Chile, Argentina, Ukraine and Moldova.
In 1998, Professor Gonzalez was a Fulbright Scholar in Buenos Aires, Argentina, where she taught international environmental law. During 2004-2005, Professor Gonzalez is serving as one of four Supreme Court fellows selected by a distinguished panel of lawyers and judges appointed by the Chief Justice. Professor Gonzalez teaches Torts, Environmental Law, Hazardous Waste and Toxics Regulation, and International Environmental Law. Her scholarship focuses on the relationship among international trade law, environmental protection, and economic development. Her articles include Seasons of Resistance: Sustainable Agriculture and Food Security in Cuba, 16 Tul. Envtl. L.J. 685 (2003); Institutional Inequality: The WTO Agreement on Agriculture, 27 Colum. J. Envtl. L. 433 (2002); and Beyond Eco-Imperialism: An Environmental Justice Critique of Free Trade, 78 Denv. U.L. Rev. 979 (2001).
Professor Catherine O'Neill teaches in the areas of environmental justice, environmental law, natural resources law, and property. Her work considers questions of risk and justice in environmental policy, focusing in particular on issues of environmental justice for Native peoples. She has published numerous articles in the areas of environmental justice and environmental policy, including Variable Justice: Environmental Standards, Contaminated Fish, and "Acceptable" Risk to Native Peoples, 19 Stan. Envtl. L. J. 3 (2001); Risk Avoidance, Cultural Discrimination, and Environmental Justice for Indigenous Peoples, 30 Ecology L. Q. 1 (2003); and, most recently, Mercury, Risk and Justice, 34 Envtl. L. Rep. 11,070 (2004). Professor O'Neill has testified before a congressional subcommittee on mercury regulation. She is a Member Scholar at the Center for Progressive Regulation, a group of university-affiliated academics who work to inform public debate on environment, health and safety regulation. Professor O'Neill has worked on issues of environmental justice with various tribes, advisory committees, and grassroots environmental justice groups, among them the Swinomish Indian Tribal Community, the Fish Consumption Workgroup of the National Environmental Justice Advisory Council, and Tucson's Environmental Justice Action Group.
Professor O'Neill received her J.D. from the University of Chicago, and her B.A. from the University of Notre Dame. Following graduation from law school, she was named a Ford Foundation Graduate Fellow in Public International Law at Harvard Law School. She then worked for the Washington State Department of Ecology as an Air Quality Planner and Air Toxics Coordinator. Prior to joining the faculty at Seattle University in 2001, Professor O'Neill taught at the University of Washington and the University of Arizona.
Professor Gregory Silverman joined the Seattle University faculty in 1999. He teaches Electronic Commerce, Intellectual Property, Property, and Jurisprudence. Professor Silverman received his A.B. cum laude from Vassar College in 1978; he was a Graduate Fellow at the Massachusetts Institute of Technology from 1978-79; and he received his M.A. (1984), M.Phil. (1991) and J.D. (1987) from Columbia University, where he was a President's Fellow; Harlan Fiske Stone Scholar; and a member of the Columbia Law Review. After law school, Professor Silverman clerked for Judge Raymond J. Pettine, U.S. District Court for the District of Rhode Island. He is admitted to practice in Massachusetts; U.S. District Court, District of Massachusetts; and the U.S. Supreme Court.
Professor Silverman was managing partner for the Cape Cod-area law firm of Kearney & Silverman from 1991-97, where he practiced admiralty defense, corporate, intellectual property, estate planning, and civil litigation, and played a significant role in the largest fisheries fraud litigation in American history. He was a Bigelow Fellow and lecturer in law at the University of Chicago School of Law from 1997-99. A former Max Rheinstein Research Fellow, Professor Silverman was a summer associate for the Manhattan law firm of Cahill, Gordon & Reindel. He is an enrolled member of the Mohegan Tribe of Indians of Connecticut. Professor Silverman has also coauthored two books, Internet Commerce, The Emerging Legal Framework, and Intellectual Property and the Internet, and several articles in journals such as the Connecticut Law Review and Columbia Law Review.


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Homesickness And Acculturation Stress
The solution: Whenever possible, explain the various sights and sounds of the camp environment so it all feels less strange. Be sure international campers and staff have bug repellent, know how to recognize the calls and behavior of local wildlife (especially that of birds, such as owls and loons, whose cries fill the night air), and have the proper clothes and footwear for the environment.
4. Changes in governance structure or work environment.
The issue: It can be especially demanding for male campers and staff members from highly patriarchal societies to come to North America and take guidance from women in leadership positions. Nevertheless, this is part of the acculturation process and must be approached in a non-judgmental way.
The solution: Politely explain to male internationals who question women's authority that countries in North America regard women's authority equal to men's. And while there still may be a glass ceiling in the corporate world, the human rights picture is clear. Show respect for all camp leaders, and let those unfamiliar with equal rights learn by watching.
5. Shifts in responsibilities and reputation.
The issue: At home, school, or in neighborhoods, people enjoy some predictability to their schedule, and are perceived a certain way by friends and relatives. That temporal, vocational, and relational stability anchors people psychologically. Immersion in a new environment, especially one with no established connections, ignites acculturation stress and homesickness.
The solution: Although it can be refreshing and inspiring to be in a new place, it can also be difficult to go from popular and connected to feeling marginalized. So, as much as international campers and staff members will relish the fresh start at camp, ask lots of questions about what they do when they are back at home. Showing a genuine interest in their educational, professional, and social accomplishments is usually comforting to international campers and staff.
6. Reduction in size of familiar peer group.
The issue: Unless international campers and staff are traveling with an entourage from home, their peer group instantly shrinks when they arrive at camp. Loneliness can invoke homesickness, so social connections must be engineered.
The solution: Perhaps no homesickness treatment is more effective than making new friends. Only engaging in a fun, physical activity might rival friendship as the No. 1 coping strategy young people rely on to diminish feelings of missing home. So, get international campers and staff involved in activities, learning names, and hanging out with native buddies right from day one.
7. Uncomfortable stereotypes of native country.
The issue: Anyone who has traveled knows how tiresome it becomes to be asked whether one is a cowboy (if from America), a shepherd (from New Zealand), a crocodile hunter (from Australia), a friend of Harry Potter (from England), or a mail-order bride (from Russia). Pop culture images rarely apply to average citizens, but when people assume they do, it makes one want to return home.
The solution: My recommendation to all campers and staff, regardless of country of origin, is to spend time getting to know individuals. Never plug an individual into a personal stereotype matrix. Even if one thinks a stereotype has a grain of truth (most do), a stereotype almost never indicates an individual person's likes, dislikes, personality, dress, and mindset.
8. Unfulfilled expectations of North America.
The issue: Many international staff members have complained that the woods of New Hampshire (where I've played and worked for 32 summers) look nothing like Hollywood. Thank goodness. Indeed, the stark contrast between Hollywood and Lake Winnipesaukee is one of the main reasons I keep going back to one, and not the other, each summer.
The solution: Temper the disappointment of international campers and staff members by agreeing with their assessment of how different camp looks from any movie or television show they may have seen. Then, start teaching them as much as possible about the natural beauty, ecology, and people at camp. Should they be willing to risk massive disappointment, remind them that when the season is over, there may still be enough time and money for them to travel to Hollywood.
9. Unfulfilled expectations of North American camps.
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