text:
"New York, August 02, 2011 -- Moody's Investors Service has confirmed the Aaa government bond rating of the United States following the raising of the statutory debt limit on August 2. The rating outlook is now negative.
US Treasury Building - Wikimedia Commons
Moody's placed the rating on review for possible downgrade on July 13 due to the small but rising probability of a default on the government's debt obligations because of a failure to increase the debt limit. The initial increase of the debt limit by $900 billion and the commitment to raise it by a further $1.2-1.5 trillion by yearend have virtually eliminated the risk of such a default, prompting the confirmation of the rating at Aaa.
In confirming the Aaa rating, Moody's also recognized that today's agreement is a first step toward achieving the long-term fiscal consolidation needed to maintain the US government debt metrics within Aaa parameters over the long run. The legislation calls for $917 billion in specific spending cuts over the next decade and established a congressional committee charged with making recommendations for achieving a further $1.5 trillion in deficit reduction over the same time period. In the absence of the committee reaching an agreement, automatic spending cuts of $1.2 trillion would become effective.
In assigning a negative outlook to the rating, Moody's indicated, however, that there would be a risk of downgrade if (1) there is a weakening in fiscal discipline in the coming year; (2) further fiscal consolidation measures are not adopted in 2013; (3) the economic outlook deteriorates significantly; or (4) there is an appreciable rise in the US government's funding costs over and above what is currently expected.
Tuesday, August 2, 2011
Moody's Confirms US Aaa Rating, Assigns Negative Outlook
Moody's Confirms US Aaa Rating, Assigns Negative Outlook
USD/CHF Pierced 2-Year Channel Support (-2%), Crashed Intraday After Debt Ceiling Bill Passed Senate
"The dollar has become the safe haven currency of last resort," said Michael Woolfolk, senior currency strategist at Bank of New York Mellon. "The fact that it's still weakening against the Swiss franc and the yen immediately raises a red flag."
USD/CHF Pierced 2-Year Channel Support (-2%), Crashed Intraday After Debt Ceiling Bill Passed Senate
E-Mini S&P Future Technical Update (QE Trend Line, 200DMA), Senate Vote Tomorrow
|source: optionsxpress
ES is currently down 0.47% overnight and pierced the QE2 uptrend line and 200DMA on my chart. I've been watching the S&P during the day and overnight mainly to see when it will start pricing in the next recession, or break bull market trend lines. GLD/SPY, or Gold priced in the S&P 500, has been an interesting ratio to watch recently (posts 1, 2).
U.S. Economy: Manufacturing Almost Stalls as Orders Drop" (Business Week)
"The Institute for Supply Management's factory index slumped to 50.9, the lowest since July 2009, from 55.3 a month earlier, the Tempe, Arizona-based group said today. Figures less than 50 signal contraction, and the July index was lower than the most pessimistic forecast in a Bloomberg News survey."
Economy grinds to halt as consumers pull back (CNN Money) -from July 29, 2011
"Gross domestic product, the broadest measure of the nation's economic health, rose at an annual rate of 1.3% in the second quarter, the Commerce Department said.
While that's an increase from the revised 0.4% growth rate in the first three months of the year, it is hardly good news. The government originally reported that the economy grew at a 1.9% annualized rate in the first quarter."
E-Mini S&P Future Technical Update (QE Trend Line, 200DMA), Senate Vote Tomorrow
10-Year Spain-German Bond Spread Makes New High Again (374)
|Image source: Bloomberg.com
10-Year Spain-German Bond Spread Makes New High Again (374)
Monday, August 1, 2011
Watch TimeScapes Trailer To Get Mind Off Debt Ceiling For A Second
Watch TimeScapes Trailer To Get Mind Off Debt Ceiling For A Second
Watch Senate and House Debate, Vote On Debt Ceiling Plan Live (Twitter Conversations)
"Republican leaders, with no extra time before a default threatened for tomorrow, voiced optimism that Congress will pass a compromise with President Barack Obama to raise the U.S. debt limit by at least $2.1 trillion and slash federal spending by $2.4 trillion or more."
If interested, here is text of the BUDGET CONTROL ACT AMENDMENT (courtesy of Chicago Sun-Times).
Watch Senate and House Debate, Vote On Debt Ceiling Plan Live (Twitter Conversations)
Obama's Statement and Fact Sheet of Budget Deficit-Debt Limit Deal
Mechanics of the Debt Deal (Source: whitehouse.gov)
- Immediately enacted 10-year discretionary spending caps generating nearly $1 trillion in deficit reduction; balanced between defense and non-defense spending.
- President authorized to increase the debt limit by at least $2.1 trillion, eliminating the need for further increases until 2013.
- Bipartisan committee process tasked with identifying an additional $1.5 trillion in deficit reduction, including from entitlement and tax reform. Committee is required to report legislation by November 23, 2011, which receives fast-track protections. Congress is required to vote on Committee recommendations by December 23, 2011.
- Enforcement mechanism established to force all parties – Republican and Democrat – to agree to balanced deficit reduction. If Committee fails, enforcement mechanism will trigger spending reductions beginning in 2013 – split 50/50 between domestic and defense spending. Enforcement protects Social Security, Medicare beneficiaries, and low-income programs from any cuts.
Obama's Statement and Fact Sheet of Budget Deficit-Debt Limit Deal
Saturday, July 30, 2011
TLT, IEF, TIP Breakout Before Debt Limit Vote Deadline (August 2)
Moody's thinks the U.S. won't default on its debt and will keep its Aaa rating, but could get a negative outlook (AP at Yahoo Finance):
"The credit rating agency said it thinks that even if the nation's $14.3 trillion borrowing limit isn't raised by Tuesday's deadline, the government would give priority to making interest payments on its debt and thereby avoid a default."
TLT, IEF, TIP Breakout Before Debt Limit Vote Deadline (August 2)
Friday, July 29, 2011
Biofuels Potential to Transform the Global Economy - Guest Post
|Camelina & Algae Fuels (Wikimedia)
Biofuels Potential to Transform the Global Economy
Slowly but surely, an extraordinarily important new industry is slowly taking shape, with the potential to transform the global economy.
After years of existing largely as an environmentalist's fantasy, commercial production of biofuels for the world civil aviation industry is slowly becoming a fact, with production starting up across three continents.
The leading contenders for biofuel feedstocks are jatropha and camelina, both of which have their fervent supporters. While currently neither is capable of production at a price approaching that of Jet A1 civil aviation fuel derived from hydrocarbons, research and extensive investment are nevertheless investigating the possibilities.
Biofuels Potential to Transform the Global Economy - Guest Post
E-Mini S&P 500 Future (ES) Is Trading At Important Levels (Technical Update, July 29, 2011)
E-Mini S&P 500 Future (ES) Is Trading At Important Levels (Technical Update, July 29, 2011)
EUR/USD Goes Crazy After Moody's Warns Spain And Debt Limit Vote Gets Delayed
|EUR/USD intraday (courtesy freestockcharts.com)
"New York, July 29, 2011 -- Moody's Investors Service has today placed Spain's Aa2 government bond ratings on review for possible downgrade. Spain's Prime-1 short-term ratings are unaffected by today's action.
The initiation of the ratings review is driven by the following concerns:
1.) The continued funding pressures facing the Spanish government, which the precedent set for future euro area support arrangements by the official package for Greece is likely to exacerbate, and the resulting increase in risks to bondholders.
2.) The challenges posed to the government's fiscal consolidation efforts by the weak growth environment and the continued fiscal slippage among several regional governments.
Funding costs have been rising for some time for the Spanish government and for many closely related debt issuers, such as domestic banks and regional governments. Pressures are likely to increase still further following the announcement of the official package for Greece, which has signalled a clear shift in risk for bondholders of countries with high debt burdens or large budget deficits. The package has not relieved market concerns over the position of such sovereigns because (i) it sets a precedent for private sector participation in future sovereign debt restructurings in the euro area, and (ii) while an expansion of powers has been proposed for the EFSF, it is not clear when the powers will be implemented.
Moody's views positively that the central government has been successful in meeting its near-term fiscal consolidation targets, but the rating agency nonetheless notes that challenges to long-term budget balance remain due to Spain's subdued economic growth and fiscal slippage within parts of its regional and local government sector." (Continue reading the announcement at Moodys.com)
EUR/USD Goes Crazy After Moody's Warns Spain And Debt Limit Vote Gets Delayed
Thursday, July 28, 2011
Moodys: 162 Aaa Local Governments On Review For Possible Downgrade ($63 Billion)
|Source: Kazuhiko Kawahara at GCClark.net/
"MOODY'S PLACES Aaa RATINGS OF 177 U.S. PUBLIC FINANCE ISSUERS ON REVIEW FOR POSSIBLE DOWNGRADE DUE TO REVIEW OF U.S. GOVERNMENT'S Aaa RATING
Moodys: 162 Aaa Local Governments On Review For Possible Downgrade ($63 Billion)
EUR/USD Is Back In Descending Channel, GLD/SPY Testing Freedom Level
|Courtesy of FreeStockCharts.com
|Courtesy of StockCharts.com
EUR/USD Is Back In Descending Channel, GLD/SPY Testing Freedom Level
"Raise The Debt Ceiling" Rap Video By Remy
"Raise The Debt Ceiling" Rap Video By Remy
Wednesday, July 27, 2011
S&P Cuts Greece To 'CC' On Likely "Selective Default"; Outlook Negative
|Img embed source: Aster-oid on Flickr
"LONDON (Standard & Poor's) July 27, 2011--Standard & Poor's Ratings Services today lowered its long-term sovereign credit rating on the Hellenic Republic to 'CC' from 'CCC'. At the same time we affirmed the short-term rating at 'C'. The outlook is negative. Our recovery rating of '4' for Greece remains unchanged, indicating an estimated 30%-50% recovery of principal by bondholders, including on those bonds subject to a 20% reduction in net present value (NPV) as estimated under the Institute for International Finance (IIF) proposal.
Following review of the European Council's (EC's) July 21 statement, Standard & Poor's has concluded that the proposed restructuring of Greek government debt would amount to a selective default under our rating methodology. We view the proposed restructuring as a "distressed exchange" because, based on public statements by European policymakers, it is likely to result in losses for commercial creditors. Moreover, the objective of the debt exchange/rollover is to reduce the risk of a near-term debt payment default and to give the Greek government more time to undertake fiscal consolidation and policy reforms. Under our criteria, we characterize a distressed borrower as one that would--in the absence of debt relief--fail to pay its debt on time and in full."
S&P Cuts Greece To 'CC' On Likely "Selective Default"; Outlook Negative
Watch Wingsuit Proximity Flying, Avalanche Cliff Jumping Videos
"Matthias Giraud and Stefan Laude capture some of the most incredible content seen by GoPro as they hit the Alps like true heroes skiing the French backcountry while escaping a large avalanche on their tails!" - (GoProCamera on Youtube)
After that watch wingsuit proximity flying by by Jokke Sommer and Jeb Corliss.
Watch Wingsuit Proximity Flying, Avalanche Cliff Jumping Videos
Iran's Dream For a Middle East Gas Pipeline (South Pars Gas Field) - Guest Post
|Horizon of Persian Gulf in South Pars Area (Wikimedia/Alireza824)
Iran's Dream for a Middle East Gas Pipeline
Nothing gets oilmen more excited than the idea of building pipelines from exotic, hard to reach places to seaports where the product of their endeavors can be shipped to lucrative foreign markets.
These reveries have been most pronounced with the opening since 1991 the riches of the Caspian Sea basin.
Previously divided between the USSR and Iran, now five nations rim its shore-Azerbaijan, Kazakhstan, Russia, Turkmenistan and charter member of the axis of evil, Iran.
Of the quintet, all for the former Soviet Socialist republics have benefited from selling their wares to hungry Western investors.
This leaves Iran as the odd man out, which has been subjected to the US sanctions since the Islamic revolution of 1979 overthrew the Shah, placing the country in direct confrontation with Washington, a situation heightened by the takeover of the US Embassy in Tehran.
While the mullahs of Iran have stridently maintained that the U.S.-led sanctions have had little effect on their economy, the reality is that they have been extremely notable in their impact on the country's energy industry, where a relative lack of investment has severely dampened the country's ability to increase output.
Iran is currently OPEC's third largest exporter, with an output of roughly 4.5 million barrels per day. Many analysts believe that Iran could easily double this output if US sanctions were lifted and foreign investment was allowed freely into the country's energy industry.
Iran's Dream For a Middle East Gas Pipeline (South Pars Gas Field) - Guest Post
Mexico's Pemex Now Third Largest Stock Holder in Repsol - Guest Post
|Source: Wikimedia Commons
Mexico's Pemex Now Third Largest Stock Holder in Repsol
Mexico's Petroleos Mexicanos state oil monopoly, more familiarly known as Pemex, recently bought 825,150 shares in Spain's Repsol YPF, S.A., increasing its stake in the Spanish company to 5 percent.
Repsol YPF, S.A. is an integrated Spanish oil and gas company operating in 29 countries.
The Mexican company announced, "Pemex, through its subsidiary P.M.I. Holding B.V. … bought 825,150 shares in Repsol YPF, seeking to consolidate its position in this company consistent with the tax advantages available on reaching a 5 percent position in Spanish companies," Mercopress news agency reported.
The purchase makes Pemex the third largest stock holder of Repsol YPF behind Sacyr Vallehermoso, a leading Spanish construction company based in Madrid, which owns 20 percent of the company's outstanding shares, followed by Spain's Criteria Corp. with 12.9 percent.
Pemex, Mexico's state-owned oil company says crude production fell by about 1 percent in the first half of 2011, as compared to same period last year but insisted that its steady decline in oil output that began around 2005 "has begun to be reversed," stating that its daily output dropped to about 2.56 million barrels in the first six months of 2011, about 27,000 barrels lower than the same period of 2010.
Source: http://oilprice.com/Latest-Energy-News/World-News/Mexicos-Pemex-Now-Third-Largest-Stock-Holder-in-Repsol.html
By. Charles Kennedy, Deputy Editor OilPrice.com
Mexico's Pemex Now Third Largest Stock Holder in Repsol - Guest Post
Links: Treasury Futures, Downgrade Risk, Marc Faber, Andy Xie, Repo Market, Soros Closes Fund
|img source: financeintelligencer
"BlackRock Inc., Franklin Templeton Investments, Loomis Sayles & Co., Pacific Investment Management Co. and Western Asset Management said the U.S. faces losing its top-level debt rating as officials struggle to raise the $14.3 trillion borrowing limit and reduce spending."
U.S. Downgrade May Cost $100B a Year: JPMorgan (Bloomberg)
"A U.S. credit-rating cut would likely raise the nation's borrowing costs by increasing Treasury yields by 60 to 70 basis points over the "medium term," JPMorgan Chase & Co.'s Terry Belton said"
The $1 Billion Armageddon Trade Placed Against the United States (betting on downgrade of AAA (Jack Barnes at Money Morning)
"In one moment, an invisible trader placed a single trade that moved the most liquid debt market in the world. The massive trade wasn't placed in bonds themselves; it was placed in the futures market. The trade was for block trades of 5,370 10-year Treasury futures executed at 124-03 and 3,100 Treasury bond futures executed at 125-01. The value of the trade was about $850 million dollars." (betting on downgrade of AAA rating)
"Well when the reset comes it will be say a hundred dollar bill will be exchanged for a one dollar bill or something like this. Before we have the Great Reset, the government they will increase the war effort under whatever excuse that will be but I think that is the likely course of action..." (he also talks about gold)
Nomura: US Downgrade May Cause Repo Market Liquidity Freeze (Zero Hedge)
Andy Xie: US debt crisis may force China to consider faster diversification in asset allocation (Reuters Insider Video)
Links: Treasury Futures, Downgrade Risk, Marc Faber, Andy Xie, Repo Market, Soros Closes Fund
What Triggers a U.S. Treasury CDS "Credit Event" (Credit Default Swaps)
|5Y US Treasury CDS (Bloomberg)
It gets more interesting. There are currently $4.8 billion (net) U.S. Treasury Credit Default Swaps outstanding that insure against a "credit event", or missed interest payments on Treasury bonds. If the U.S. Government decided not to pay interest on its debt next month, it would trigger the "credit event" and holders of Treasury CDS would be made whole by the sellers at par (Treasury bond). 5Y Treasury CDS is currently trading at 58 bps in euros and trending higher. It spiked to 99 bps in February 2009. I remember doing a post on Treasury CDS in September 2008 when S&P said "pressure is building on the pristine "AAA" rating of the United States after a federal bailout of American International Group Inc". There are $9.3 trillion Treasury bonds held by private investors, so the CDS number is tiny.
David Geen, General Counsel at the International Swaps & Derivatives Association (ISDA), explained what would trigger a "credit event" for Treasury CDS. Watch the Bloomberg interview after the jump ("ISDA Says Missed Payment Would Trigger U.S. Debt Swaps").
"There doesn't seem to be a lot of fear reflected in the pricing, as it hasn't been reflected in the Treasurys itself. If Treasurys are still trading at par or close to par that means that the CDS settlement, if there was a credit event and there was an auction, then the settlement would not be at large amounts and therefore protection holders are not going to receive large payouts if anything."
More on Treasury CDS and debt ceiling updates:
- U.S. has 3 days grace before CDS triggered: ISDA (Reuters)
- Step Aside UniCredit And Italy: The US Is Number One... In Monthly Spike Of Default Bets (Zero Hedge)
- Betting $4.8 billion on a U.S. default (CNN Money)
- S&P warns against prioritizing debt payments: report (Reuters)
- Is default deadline truly Aug 2? Analysts say no (Reuters)
- U.S. Downgrade May Cost $100B a Year: JPMorgan (Bloomberg)
- U.S. likely to lose top rating: economists (Reuters)
- Treasuries Decline as Obama Threatens to Veto House Speaker's Debt Plan (Bloomberg)
- Treasuries Fall, Gold Gains on U.S. Debt Rift (Bloomberg)
What Triggers a U.S. Treasury CDS "Credit Event" (Credit Default Swaps)
Tuesday, July 26, 2011
USD Falls After Obama and Boehner's Statements On Debt Ceiling (Videos)
|EURUSD after Obama's addressfreestockcharts
Video #1) House Speaker John Boehner's statement to the nation on the debt ceiling
Video #2) President Obama's statement to the nation on the debt ceiling
Video #3) House Speaker John Boehner's news conference on the "Cut, Cap and Balance" plan
Video #4) Senate Majority Leader Harry Reid's news conference and debt and deficit reduction plan
USD Falls After Obama and Boehner's Statements On Debt Ceiling (Videos)
Monday, July 25, 2011
Debt Ceiling Debate Updates: Congress Has Until August 2 To Raise Debt Limit
|Boehner, Obama and Reid (Whitehouse.gov)
"If an agreement is reached to raise the debt ceiling but nothing meaningful is done in terms of deficit reduction, the U.S. would likely have its rating cut to the AA category, S&P said." (Reuters)
"The U.S. government may lose its AAA credit rating even if lawmakers reach a plan to avoid a default, said Mohamed A. El-Erian, whose Pacific Investment Management Co. is the world's largest manager of bond funds." (Bloomberg)
Monday July 25, 2011
*Harry Reid's plan vs. John Boehner's "Cut, Cap & Balance" plan (Bloomberg)
"Boehner's two-step plan would raise the U.S. borrowing limit by up to $1 trillion, with larger spending cuts, and require a new vote on more reductions before an additional $1.6 trillion debt-limit increase next year. It could be voted on in the House within two days. Obama and Senate Democrats oppose a short-term extension, which could lead to another debt standoff next year.
By contrast, Reid's proposal would cut $2.7 trillion in spending and give Obama the full $2.4 trillion in additional borrowing authority he seeks, enough to get through the 2012 elections."
Speaker Boehner's response to Obama's address (CSPAN.org, 7/25/2011)
President Obama's statement to the nation on the debt limit (CSPAN.org, 7/25/2011)
House Speaker John Boehner's news conference (CSPAN.org, 7/25/2011)
Senator Harry Reid's news conference (CSPAN.org, 7/25/2011)
No endgame in sight as debt default looms (Reuters)
Debt Ceiling Debate Updates: Congress Has Until August 2 To Raise Debt Limit
Daily Technical Analysis Report By MIG Bank (7/25/2011), EUR/USD, USDX Charts
The report embedded below includes technical analysis on EUR/USD, the US Dollar Index, GBP/USD, USD/JPY, USD/CHF, USD/CAD, AUD/USD, GBP/JPY, EUR/JPY, EUR/GBP, EUR/CHF, Gold and Silver. I also embedded their special study on CHF/NOK.
Daily Technical Report
EUR/USD, US Dollar Index (MIG Bank)
25 July, 2011
EUR/USD: Extended rebound stalls into key resistance 1.4400-1.4419.
- EUR/USD's extended rebound (from its bullish reversal pattern near the200-day MA), has stalled into key resistance zone between 1.4400-1.4419(76.4/78.6% Fib level).
- Our outlook remains neutral/bearish, while price holds beneath key resistance at 1.4578. Failure into these levels will keep bearish risks on for a resumption of the downside pattern breakout, offering an accelerated impulsive (wave 3) into 1.3750/1.3659 (2 yr uptrend/61.8% Fib-Jan 2011 rise), thereafter squeezing further conservative trend-followers into our initial objective at 1.3370.
- Only a sustained close above 1.4578 will lead to a reassessment of our long standing bearish view, opening a potential extended recovery into previous key resistance at 1.4711/30.
- Inversely, the US dollar index is now holding steady around key support at73.50. We expect this level to hold (as the last point of defence), where a potential oversold bounce could develop."
Nasdaq 100 (QQQ) Pierced Resistance On Friday, Future Below It Monday Morning (NQU11)
Nasdaq 100 (QQQ) Pierced Resistance On Friday, Future Below It Monday Morning (NQU11)
Saturday, July 23, 2011
Is There One More Market Rally Ahead? (Links - 7/23/2011)
- He's trimming his net long position to 50% from 81%;
- Moving away from bank holdings with heavy mortgage exposure;
- and increased his bet that the euro currency would fall as a hedge against further fallout from Europe's debt crisis"
Felix Zulauf on the inevitability of further crisis in Europe (Credit Writedowns)
"In the short run, Felix says, the plan, as we've seen, allows investors to exhale and markets to rally. But once the touch of euphoria plays itself out, the omens are anything but bright."
FX Concepts' Taylor Sees One More 'Risk Rally' Before Recession Takes Hold - (Bloomberg)
Bob Janjuah: Euphoric In The Short-Term, Apocalyptic In The Longer (Zero Hedge)
Howard Marks on the U.S. Debt Ceiling: Oaktree Capital Commentary - "Down to the Wire" - (MarketFolly)
Resource Limitations 2: Separating the Dangerous from the Merely Serious, July 2011 (By Jeremy Grantham, founder of GMO Capital) - (GMO LLC)
Goldman's Complete Summary Of The European Council Decisions - (Zero Hedge)
I'm Gonna Tell You How It's Gonna Be… "A chilling head-fake sell-off followed by new highs for equities." (The Reformed Broker)
Read these reports..
"Strategic Investment Conference: Luminaries In Finance Presentation Series: Part 2 - David Rosenberg" April 2011 - (Zero Hedge)
"Strategic Investment Conference: Luminaries In Finance Presentation Series: Part 1 - Gary Shilling" April 2011 - (Zero Hedge)
Is There One More Market Rally Ahead? (Links - 7/23/2011)
Friday, July 22, 2011
Video of Michael Burry On Bloomberg's RiskTakers (I Was 100% Confident)
|Courtesy of Business Insider (read more there)
Burry didn't give any investment calls in this video, but in an interview last year on Bloomberg TV he said was bullish on gold, small asian tech, farmland with water on site and distressed, special situations in real estate. I'm not sure if the same holds true today. Below are a few quotes from the video:
"Ironically, I'm in this book, 'The Big Short,' but I'm not a big short. I don't go out looking for good shorts. I'm spending my time looking for good longs. I shorted mortgages because I had to. Every bit of logic I had led me to this trade and I had to do it. And I had to pull back on equities, because I saw what was coming I thought would affect everything."
"I tried to raise a fund, Milton's Opus (being Paradise Lost) to just do this because I wanted to do it in big size, but I couldn't get it going. And the urgency came from my belief that I can't be the only one thinking this. Somebody will see it and when they do, spreads will blow out wide. I want to get it on when it's cheap."
"My positioning with my investors had always been from the beginning, I need 3-5 years. I saw the time clock. I knew when it was going to happen. We just needed to make it through to that period. And that was a hard sell when it moved against us initially"
"Even when there was the investor rebellion and even when we had these difficulties in '06, I was 100% confident when it was going to happen and I would tell people: just wait. We're on the cusp, 2007, it will happen."
"I was actually 100% confident. I thought it was a sure thing. Because basically those mortgages started going bad by late 2005 and 2006. They started going bad early."
Video of Michael Burry On Bloomberg's RiskTakers (I Was 100% Confident)
Updates On Oslo Bomb Attack, Utoya Island Gunman (Videos)
|Amateur footage showing aftermath of bombing
"A bomb ripped through Oslo's central government district on Friday and a gunman dressed as a policeman then opened fire at a youth camp on a nearby island, killing at least 17 people altogether." (Reuters at Yahoo News)
Update: "A gunman shot dead at least 80 youths at a summer camp of the ruling Labour Party on Friday, police said" (Reuters)
Norway death toll may rise to 98, police say. A man named Anders Behring Breivik was arrested (Reuters)
Updates On Oslo Bomb Attack, Utoya Island Gunman (Videos)
European Council's Statement On Greece's 109 Billion Euro Loan (EFSF), EUR/USD Charts and Articles
|Source: The Council of the European Union
We reaffirm our commitment to the euro and to do whatever is needed to ensure the financial stability of the euro area as a whole and its Member States. We also reaffirm our determination to reinforce convergence, competitiveness and governance in the euro area. Since the beginning of the sovereign debt crisis, important measures have been taken to stabilize the euro area, reform the rules and develop new stabilization tools. The recovery in the euro area is well on track and the euro is based on sound economic fundamentals. But the challenges at hand have shown the need for more far reaching measures.
EURUSD Trend From 6/2010 (FreeStockCharts)
Today, we agreed on the following measures:
1. We welcome the measures undertaken by the Greek government to stabilize public finances and reform the economy as well as the new package of measures including privatisation recently adopted by the Greek Parliament. These are unprecedented, but necessary, efforts to bring the Greek economy back on a sustainable growth path. We are conscious of the efforts that the adjustment measures entail for the Greek citizens, and are convinced that these sacrifices are indispensable for economic recovery and will contribute to the future stability and welfare of the country.
2. We agree to support a new programme for Greece and, together with the IMF and the voluntary contribution of the private sector, to fully cover the financing gap. The total official financing will amount to an estimated 109 billion euro. This programme will be designed, notably through lower interest rates and extended maturities, to decisively improve the debt sustainability and refinancing profile of Greece. We call on the IMF to continue to contribute to the financing of the new Greek programme. We intend to use the EFSF as the financing vehicle for the next disbursement. We will monitor very closely the strict implementation of the programme based on the regular assessment by the Commission in liaison with the ECB and the IMF.
EURUSD July 21-22, 2011 (FreeStockCharts)
3. We have decided to lengthen the maturity of future EFSF loans to Greece to the maximum extent possible from the current 7.5 years to a minimum of 15 years and up to 30 years with a grace period of 10 years. In this context, we will ensure adequate post programme monitoring. We will provide EFSF loans at lending rates equivalent to those of the Balance of Payments facility (currently approx. 3.5%), close to, without going below, the EFSF funding cost. We also decided to extend substantially the maturities of the existing Greek facility. This will be accompanied by a mechanism which ensures appropriate incentives to implement the programme."
"5. The financial sector has indicated its willingness to support Greece on a voluntary basis through a menu of options further strengthening overall sustainability. The net contribution of the private sector is estimated at 37 billion euro."
Source: http://consilium.europa.eu/uedocs/cms_data/docs/pressdata/en/ec/123978.pdf
European Council's Statement On Greece's 109 Billion Euro Loan (EFSF), EUR/USD Charts and Articles
Thursday, July 21, 2011
Daily Technical Report By MIG Bank (July 21), Look at Gold Charts
The report includes technical analysis on EUR/USD, US Dollar Index, GBP/USD, USD/JPY, USD/CHF, USD/CAD, AUD/USD, GBP/JPY, EUR/JPY, EUR/GBP, EUR/CHF, Gold and Silver. Their gold charts were interesting today. I couldn't embed their report today, but you can view the PDF here.
Gold Charts 7/21/2011 (via MIG Bank)
Sharp correction expected beneath trigger level at 1588/82.
- Gold price activity remains fragile after its recent sharp correction. The move followed an unprecedented rise of 10 consecutive higher closes, which also triggered multiple exhaustion signals (notably DeMark™ Combo/Sequential). SEE our trade alert for more details.
- With such explosive moves (upside or downside), it is critical the market confirms a reversal beneath a filtered price/time trigger point. Watch for a sustained DAILY close beneath our trigger level at 1588/82.
- In terms of the big picture, this move is also taking place within the apex of a 12-year exhaustion pattern (illustrated on the weekly log chart), which has also developed a unique long-term DeMark™ exhaustion signal.
- Downside risk favours an initial move into key support at 1577.57 (02nd May peak) and 1558.25 (22nd June high). Meanwhile, a sustained close above 1620 will lead to a reassessment of this view.
- Gold's COT liquidity indicator (net long positions) is also squeezed within a tight range (as Gold continued to make push to record highs on lower volume). At this stage, the risk remains for a downside breakout which would unlock over 1.5 years of sizeable gold long positions."
PEMEX and the long road to privatization - Guest Post
|Source: Wikimedia Commons
PEMEX and the long road to privatization
Petroleos Mexicanos (PEMEX) is the state-owned oil company (and natural gas) of México, which since the 90's has been discussed for privatization like many other state-owned companies in México. The policy of privatization is sometimes called liberalizing the company, however many aspects of privatization need to be taken into consideration when discussing such a lucrative portion of the federal budget for México. PEMEX has 41 divisions, and is a source of Mexican sovereignty, and any talk of privatization will not happen without a strong fight, not only from the left, but also Mexican nationalists who see it as a source of pride. This article will attempt to give a brief summary of these considerations and bring forth an argument on what will happen in the future of PEMEX and its worth for investors.
According to the Mexican constitution (Article 27) all subsurface minerals are the property of the Mexican government, and not the people who own the land where these minerals are found. This has led to 1/3rd of the federal budget being derived from the fossil fuels found and produced in México, and accounting for 10% of all export earnings for the country. However, over the past 5 years the amount of barrels per day being produced has been declining, mostly due to the difficulty that surrounds new oil exploration, the need for more advanced technology and risk taking investment. With the need for investment and most of the profit utilized as expenditures in the federal budget, PEMEX lacks the resources necessary to continue to produce optimally and also to reach its goal of 600,000 barrels of crude per day by 2021.
PEMEX and the long road to privatization - Guest Post
Gary Shilling Sees 20% Drop In House Prices and New Recession In 2012
|Source: The Daily Ticker (Yahoo)
Shilling believes excess inventories will cut house prices even further:
"The problem is that there are just too many excess inventories. We estimate that there are 2 to 2.5 million excess housing unit inventories over and above the normal working levels, and that's a lot. We normally build about a million and a half houses a year. Getting rid of those excess inventories, if you look at what's happening in terms of household formation and new housing being built, it will probably take 4 or 5 years, and that's plenty of time for this excess inventory to depress prices. Excess inventories are the mortal enemy of prices. We're looking for another 20% decline in house prices."
When asked if housing was already priced in, Shilling said:
"If we have the 20% decline, which would bring us back to the long term trend inflation adjusted on house prices. If we have that, and I think that's likely, and markets often overshoot on the downside by the way so it may be a conservative estimate, the percentage of mortgages underwater by our calculations would jump from 23% now to 40%, and at that point........"
Gary Shilling Sees 20% Drop In House Prices and New Recession In 2012
Wednesday, July 20, 2011
David Levy Sees Treasury Bonds Appreciating Over The Next Year Or Two (Jerome Levy Forecasting Center)
|Source: Bloomberg
"If there is either a financial crisis or recession in Europe, one would trigger the other (the U.S.). And given that the U.S. is not in the greatest shape to start with, possibly with deficit reduction of our own that might be excessive, we could easily be knocked into recession by that. So between our own political questions, and political questions in Europe, and severe private sector balance sheet problems in both continents, it is not a pretty nice picture.
"Number 1, protect capital. Treasurys are I think a spectacular way right now to do that. And unlike a lot of people, I think Treasury yields are going to go down. The yield may not be attractive, but the capital gains bonds will bring over the next year or two, if you can ride out a little bit of daily noise, I think is very attractive."
David Levy Sees Treasury Bonds Appreciating Over The Next Year Or Two (Jerome Levy Forecasting Center)
The Return of Gazprom - Guest Post
The Return of Gazprom
The December 1991 collapse of the USSR was an unmitigated disaster for all 15 nations emerging from the desiccated carapace of the Soviet Union.
Now, like a plate of mercury smashed with a hammer, rivulets of the former USSR member state's energy assets two decades later are trickling back under the control and influence of Eurasia largest energy concern, Gazprom.
All the new post-Soviet states faced the triple problems of raging hyperinflation, evolving ad hoc nationalistic policies and, perhaps most importantly, coping with the detritus of Union-wide systems that suddenly deposited fragments of their former selves on the territories of the new nations.
Of these debris fields, the three most important were the former USSR's communications, transport and energy grids. Working out new relationships between the nations emerging from the USSR's demise was a long, convoluted process, given that all three systems as a whole had been designed to serve the Soviet Union as a whole, rather than its constituent republics.
The Return of Gazprom - Guest Post
Tuesday, July 19, 2011
Ray Dalio Sees 10 Year+ Deleveraging Period With Money Printing; Soros, Gartman..
Now that the slowdown appears to have arrived, Dalio thinks it will be prolonged. "We are still in a deleveraging period," he said. "We will be in a deleveraging period for ten years or more."
"There hasn't been a case in history where they haven't eventually printed money and devalued their currency," he said. Other developed countries, particularly those tied to the euro and thus to the European Central Bank, don't have the option of printing money and are destined to undergo "classic depressions," Dalio said.
Read the full story at The New Yorker
Ray Dalio Sees 10 Year+ Deleveraging Period With Money Printing; Soros, Gartman..
Iran Opens Oil Bourse - Harbinger of Trouble for New York and London? - Guest Post
|Iranian Rial (Wikimedia Commons)
Iran Opens Oil Bourse - Harbinger of Trouble for New York and London?
The last three years of global recession have dealt a major blow to American capitalist ideas trumpeted throughout the world on the value of "free markets." Wall St has been revealed as a form of casino economy, with the bankster insiders gambling with other people's, and eventually, the government's money in the form of bailouts. As the Republicans in Congress, scenting victory in the 2012 presidential elections, hold a gun to the Obama administration's head and rating agencies consider downgrading U.S. government bonds in light of Washington's possible defaulting, many ideas around the world that previously seemed implausible because of the dominance of the U.S. economy are garnering renewed interest.
Not surprisingly, many of these concepts originate in countries not enamored with Washington's influence, perhaps none so more than "Axis of Evil" charter member Iran, which has seen its economy hammered by more than three decades of U.S.-led sanctions. Now Iran is working a program, that, if it succeeds, could help undermine the dollar's preeminence as the world's reserve currency more effectively than a Republican filibuster.
Iran's sly weapon against the Great Satan's currency? An oil bourse on Kish Island in the Persian Gulf, which has now begun selling high-grade Iranian crude oil.
Iran Opens Oil Bourse - Harbinger of Trouble for New York and London? - Guest Post
Moody's Places 5 Aaa States on Review For Possible Downgrade Due To U.S. Sovereign Risk Vulnerability
Source: Moody's Investors Service - July 19, 2011
"MOODY'S PLACES RATINGS OF FIVE OF 15 Aaa STATES ON REVIEW FOR POSSIBLE DOWNGRADE DUE TO U.S. SOVEREIGN RISK VULNERABILITY
New York, July 19, 2011 -- Moody's Investors Service has placed on review for possible downgrade the Aaa ratings of the states of Maryland, New Mexico, South Carolina, Tennessee, and the Commonwealth of Virginia. In connection with Moody's July 13 action placing the Aaa government bond rating of the United States on review for downgrade, Moody's announced that it would assess the ratings of Aaa-rated states to gauge their sensitivity to sovereign risk. The review actions affect a combined $24 billion of general obligations and related debt.
Should the U.S. government's rating be downgraded to Aa1 or lower, these five states' ratings would likely be downgraded as well. Moody's will review the ratings of the five states on a case-by-case basis and announce any rating actions within seven to ten days following a sovereign action.
Moody's Places 5 Aaa States on Review For Possible Downgrade Due To U.S. Sovereign Risk Vulnerability
Daily Technical Analysis Report By MIG Bank (July 19, 2011) - Guest Report
|EUR/USD, US Dollar Index
19 July, 2011
- Bullish engulfing targets key zone between 1.4282-1.4325.
- EUR/USD triggered a bullish engulfing today that targets key resistance zone between 1.4282-1.4325 (14th July high/61.8/66% level). We remain negative, expecting current upside probes to fail into the latter zone.
- Our short position continues to favour a resumption of the downside pattern breakout, offering an accelerated impulsive (wave 3) into1.3700/1.3659 (2 yr uptrend/61.8% Fib-Jan 2011 rise), thereafter squeezing further conservative trend-followers into our initial objective at 1.3370.
- A sustained close above 1.4325 would trigger a move into 1.4405/20. Only above here offers meaningful upside recovery into 1.4578 (05th July peak).
- Inversely, the US dollar index still needs to hold above 76.36 (23rd May high), to confirm a multi-month base pattern for an extension into 77.01and 78.03 (50%/61.8% Fib-Jan 2011 Decline), then 79.00 (objective).
BNY Mellon's Simon Derrick Sees Euro/Dollar In Low 1.30s By Year End
|BNY Mellon's Simon Derrick on BloombergTV
- In 2-3 months time, there is a "very real prospect" that there won't be a Greek bailout in place, and Greece won't get the next tranche of cash from the IMF and EU.
- "If there is technical default on Greece, there is a very good chance the ratings agencies will move Ireland and Portugal into junk territory (Moody's has Ireland at Ba1 -junk and Portugal at Ba2 -junk), which means investors can't hold that debt and that also causes issues further down the line."
- Uncertainty drives investors out of Euros and risk assets, "and back into the funding currencies, the US Dollar and the Yen, and also into the ultimate safe haven currency which is the Swiss Franc."
- "If there were a quick resolution for Greece, I feel fairly certain that there'd be a reasonable rally for the Euro."
|EUR/USD (FreeStockCharts.com)
He's betting on a trend breakdown
- Important secondary issue related to China and the end of QE2: "Over the course of the last 12 months, one of the main forces driving the Euro higher, despite the Euro crisis, has been the recycling of reserves by countries like China. The stronger the reserves flow into those countries, the stronger the diversification at the margins, the higher the Euro's got. At the moment there is a concern that maybe China is going to have a slowdown during the second half of this year. And particularly coming at the same time that QE2's dissipating in the United States, there is a belief that less money will be flowing into those markets." (which means less recycling into Euros, or support for the Euro)
- Outlook for EUR/USD at year end: "We've been actually bearish for quite a while now. Our belief really from about February of this year was that this summer would see a turning point for the Euro, and that we would see a more risk averse, more soft patch for growth taking place in the second half of the year. So we've pretty well been bearish; the only question is do we need to revise down our targets even further from where they currently are. My belief we'll probably end up with targets in the low 1.30s for Euro/Dollar by year end."
BNY Mellon's Simon Derrick Sees Euro/Dollar In Low 1.30s By Year End
Germany's 5Y Credit Default Swap Makes New 2-Year High (64 bps)
|Source: Bloomberg
Germany's 5Y Credit Default Swap Makes New 2-Year High (64 bps)
Monday, July 18, 2011
Gundlach Has 10% In Cash, Hussman Sees Topping Process, Taylor Sees EURCHF At Parity, Rosenberg...
|Wall Street (Source: Jpellgen on Flickr)
Gundlach Leads Bond Funds Boosting Cash (Bloomberg)
""We are looking for a more severe down move in prices, for a better level to buy," said Jeffrey Gundlach"
"Gundlach, the chief executive officer of Los Angeles-based DoubleLine Capital Inc., said in a telephone interview that he has 10 percent of the fund's assets in cash, about five times what it usually holds. He views a move in the 10-year Treasury yield above 3.5 percent as a buying opportunity."
David Rosenberg (Gluskin Sheff) Explains "Why We Should Be Worried" (Zero Hedge)
Rosenberg on CNBC: We Are One Small Shock Away From a New Recession (Pragmatic Capitalism)
Swiss Franc Is Most Expensive Currency as Taylor Sees Euro Parity (BusinessWeek)
"The Swiss franc looks like it will go to par with the euro," said John Taylor, founder of FX Concepts LLC in New York, the world's largest currency hedge fund." (hat tip ZH)
Gundlach Has 10% In Cash, Hussman Sees Topping Process, Taylor Sees EURCHF At Parity, Rosenberg...
Watching GLD/SPY Ratio, Down 16% From March 2009 S&P Low - 7/18/2011
|GLD/SPY (see below)
The first chart (as seen above) shows more than two years of sideways action after the ratio put in a blow off top at 1.41 in early 2009. I'm wondering if GLD outperforms SPY going forward, even if they both go down in tandem. It depends if the ratio can take out 2010 resistance in the sideways channel and stay on the uptrend line from 2007. If GLD underperforms SPY in the near term and breaks down, there is still a major uptrend line to test when using the 2000 and 2007 lows. If GLD/SPY gets above 1.20, it could be ready to test the 1.41 high (imo).
When looking at the last two recessions, GLD outperformed SPY during the 2000-2003 and 2007-2009 periods. Not only are the Euro and US Dollar looking ugly at the moment due to fiscal crises, some economists and analysts are predicting a new recession in 2012. Treasury yields and Eurozone solvency are probably the wild cards for gold and currencies in my opinion. What do you think. GLD by itself is in a strong ascending channel using the uptrend from 2008. GLD looks strong at the moment, but it also looked strong in the second half of 2007 before it peaked at 100 and lost 30% in 2008. When that happened, the GLD/SPY ratio chopped around between 0.64 and 0.85. See charts below of GLD/SPY, GLD:SPY performance and GLD.
Watching GLD/SPY Ratio, Down 16% From March 2009 S&P Low - 7/18/2011
Thursday, July 14, 2011
S&P: U.S. Ratings Placed On CreditWatch Negative, 50% Chance of Downgrade In 90 Days (10Y, 30Y UST Charts)
|30Y T-bond Price (see larger view below)
"United States of America 'AAA/A-1+' Ratings Placed On CreditWatch Negative On Rising Risk Of Policy Stalemate Overview
• Standard & Poor's has placed its 'AAA' long-term and 'A-1+' short-term sovereign credit ratings on the United States of America on CreditWatch with negative implications.
• Standard & Poor's uses CreditWatch to indicate a substantial likelihood of it taking a rating action within the next 90 days, or in response to events presenting significant uncertainty to the creditworthiness of an issuer. Today's CreditWatch placement signals our view that, owing to the dynamics of the political debate on the debt ceiling, there is at least a one-in-two likelihood that we could lower the long-term rating on the U.S. within the next 90 days. We have also placed our short-term rating on the U.S. on CreditWatch negative, reflecting our view that the current situation presents such significant uncertainty to the U.S.' creditworthiness.
S&P: U.S. Ratings Placed On CreditWatch Negative, 50% Chance of Downgrade In 90 Days (10Y, 30Y UST Charts)


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September 22, 2011
The Rachael Ray Show came to Philadelphia a few weeks ago, filming an awesome Philly Grill-Off with locals competing against each other, plus planting an urban garden at the corner of Wharton Street and East Passyunk Avenue, where the show was taped. Today's episode, titled "Philly's Best Eats," highlights Barbuzzo, Famous 4th Street Deli, Distrito, […]Read more»
April 16, 2010
Maybe it's because they've had 87 years to get it right. Maybe it's because the intoxicating scent of its impossibly chewy, melt-on-your-fingers cookies has wafted its way into the very spirit of Reading Terminal. Maybe, simply, it's because they are a Philadelphia institution: a Jewish-style corner delicatessen owned by the same family for three generations, […]Read more»


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Weinstein's Bid to Buy Miramax Now Totally Dead
Despite some tiny flicker of hope following its reported death last Thursday, the Weinstein brothers' deal to buy back Miramax from Disney has officially collapsed, says The Wall Street Journal. Disney formally terminated negotiations and may reenter talks with the Gores brothers, Tom and Alec. [WSJ]


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Product 140/264
Description :
4 Quickpages realised with the kit Loup y es-tu
Informations about this product :
QP are in .png 3600 * 3600
This product is reserved for a personnal use.
Think or consulting the TOU.
Designer: Kastagnette
Product model: kastagnette_LoupYesTuQP
File Size: Megs
This product was added to our catalog on Thursday 06 March, 2014.


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Cancer Care: Quality and Caring in Diagnosing and Treatment
A cancer diagnosis can be devastating. At CarePoint Health, our board-certified surgical, medical, and radiation oncologists; specialized oncology nurses; social workers; and nutritionists work as one seamless team to provide quality, individualized care to patients within a supportive and healing environment.
Throughout CarePoint Health, we offer the latest technology and equipment to support our outstanding team of oncologists and other medical staff. We've invested in state-of-the-art equipment including linear accelerators; radiation therapy simulators; IMRT, BAT, and 3D treatment planning computers; low-dose rate prostate seed implants; and HDR Brachytherapy — some of the most powerful weapons in the battle against cancer.


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This utility is a single-pattern program that is designed to help improve the picture quality of HP or Compaq Flat-Panel Monitors that are attached to computers using an analog video cable (VGA connector). The HP Adjustment Pattern utility helps to improve the following image quality
- Fuzzy or unclear focus
- Ghosting, streaking, or shadowing effects.
LiteTouch Load Level Adjustment is a powerful tool used to modify lighting levels and experience change settings in real-time.
This new feature has the ability to fully demonstrate lighting level adjustments without being connected a CCU in the built-in Demo Mode. Real-Time changes are now simple, accurate, and convenient.
With this c# tool you can easily adjust the time for subtitles (when they have to appear). With this easy to use tool, you can shift all time spans for the subtitles at once. Subtitles 1.5 seconds too early? Just add 1500 milliseconds and you're done.
The CMEA translator allows you to convert drawings from ME10 directly inside Autocad.
Very easy to use, the translator requires you to remember just four commands: two commands to translate from ME10 to autoCAD and two command to translate for AutoCAD to ME10.
AB Invoicing (the old programme) with version below 10 has databases with a different structure from the newer versions (version 10 and upwards).
You can not just move the databases from an older programme to the latest version but have to use this transfer programme.
Use this free programme if you want to migrate your data to the new programme.
ClinTools is a statistical suite of evidence-based decision making tools. It augments traditional statistical software by conducting specialized analyses that are required for evidence-based practice.
The complete Office Package at a Fair Price
Total visibility of your software assets is a good starting point for any organisation trying to establish a long-term Software Asset Management programme - Dashboard Discovery from Licence Dashboard Ltd is licence management software that tracks all IT assets deployed across your organisation. Dashboard Discovery is an essential tool for any Software Asset Management programme.
Nessy enables your kids to read, write and spell with confidence, enthusiasm and enjoyment.
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- 5-14 years ability: Nessy is highly motivating.
Though some consider PhotoFiltre nothing but a strip-down version of PhotoFiltre Studio, this photo retouching tool offers you a wide range of features to correct, enhance, and improve your photographs. From standard adjustment tools to artistic effects and from masques to transparencies, this program offers more functionality than what you would normally expect from a free retouching tool.
EPSON Copy Utility has been developed to allow us to use our printer and scanner to work together as a copy machine. We can make the necessary adjustment to the document and preview it before printing (up to 20 copies without the need of any other application).
Ashampoo Photo Optimizer is a program that enables you to revitalize your photos. The program allows you to optimize colors and contrasts, adjust the sharpness, remove scratches and noise and realign your photos. You can also process your entire photo collection in one go.
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Try out the new BBC iPlayer Desktop. Downloading allows you to enjoy your favourite BBC programmes without being connected to the Internet.
Click the install button and follow the on screen prompts. The programme you have chosen to download will begin downloading automatically once the installation of the BBC iPlayer Desktop completes.
Creative Photo Manager is an easy-to-use Photo Management program that enables you to view and organize your entire photo collection. With Creative Photo Manager you can create slideshows, screen savers and panoramic views from your photos. It provides you with various editing tools to enhance your photos.
ImageConverter Plus can batch-convert any number of image files between all the most widely used formats, including BMP, JPG, GIF, TGA, TIFF, PCX, and PDF. Besides, the program offers an extensive list of editing functions, together with EXIF and IPTC tag support.
AMD OverDrive lets you tune and overclock AMD DDR3 memory settings. It allows any user to improve the performance of their RAM using a simple slider. You can also monitor the performance of your system in realtime. Stability tests are also present, which ensures that your system will not crash under the new settings.
MagicScore is a magnificent, powerful and convenient musical editor.
Main Features:
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main index
Candace: Will you guys read my fanfiction?
Spider-Man: Sorry, we're not allowed to accept unsolicited material.In fiction, only women write fan fiction, and the majority of these are teenagers. In addition, their work tends to contain boatloads of Shipping, Mary Sues, and Ikea Erotica. This trope has been in effect since well before the internet made it much easier to proliferate fanfic. Studies of early Star Trek fanfiction showed as many as 90% of authors were female in the 1970s, even though at the time such stories could only be shared through fanzines or through sending self-addressed-stamped-envelopes to the authors and having them mail you a manuscript. Various theories abound as to why this trope has persisted so promiently, but the cause is most likely related to the theory that most visual porn is male-oriented (see: any adult video store or site) while most written porn is female-orientednote , and Fanfiction, like porn, trades heavily in Author Appeal. This trope is extremely common regardless of the reasoning behind it. Also a reason why Rape Is a Special Kind of Evil is frequently in play throughout fanfics intended for mature audiences (i.e. in fandoms with multiple villains, rape will frequently be one of, if not the, key issue that divides the invoker of Even Evil Has Standards from the Complete Monster). This phenomenon has been subjected to academic analysis by ethnographer Camille Bacon-Smith and MIT's Henry Jenkins. Jenkins suggests in Textual Poachers that fanfiction is a reaction on the part of a female audience trying to find their own pleasures in media that caters mostly to males. Interestingly, certain fandoms have inverted this, probably because of a primarily female cast and primarily male audience. For some reason, this seems to create way more fanfiction than almost any other fandom. See also Shipping, Slash Fic, Everyone Is Gay, Estrogen Brigade, Het Is Ew, Mary Sue. Compare Most Writers Are Male and Most Tropers Are Young Nerds. Combine with The Internet Is for Porn to get All Women Are Lustful. Creates a paradox when faced with the trope There Are No Girls on the Internet. Only examples where a character in the work writes a fanfic are to be added. Parodies and deconstructions should not be added.
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Anime & Manga
Live-Action TV
Video Games
Web Comics
Web Original
Western Animation


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Your occupation, hobby, interest, or vocation may be just what your community needs during a disaster. If you are willing to share your knowledge, experience and expertise with those in your community, please complete the registration form below. The information you enter will be stored in a database. Should a disaster occur and a need arise that you can fill you may be contacted and asked to assist.
More Emergency Preparedness Topics


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CNS! Is this a Dying Specialty!? - page 5
Okay guys, What's the deal with this specialty? 1) Is there a demand? 2) Anybody currently practicing wished they had done NP instead? 3) Anybody currently praciticing love they job? why?.....Hate it? why? 4) With... Read More
- 0May 28, '11 by traumaRUs, MSN, APRN, CNS AdminHmmm....Advanced Practice PARTNERS - uh not a title I'd want to work under.
Just another confusing name to what should be Advanced Practice Nurses.
- 0May 28, '11 by traumaRUs, MSN, APRN, CNS AdminYes - I agree.
The APRN consensus model via ANCC and ANA seems to be addressing this.
- 0Aug 18, '11 by bsnanat2Must admit I have not read every comment in this thread but plan to. Just wanted to add that in reading the new Consensus Model, CNS really seems to be the best way to go. I am doing research on advanced practice programs and which route to take. CNS is starting to look good because the Consensus Model emphasizes patient acuity as the defining factor in who can treat what, no matter what the setting (inpatient or outpatient). Primary care NP's need to make sure they are dealing with primary care type problems and acute care NP's need to make sure they are not doing primary care. The CNS though can treat across the primary to acute care spectrum within their population, peds or adult (adolescent through geriatric). CNS is starting to look pretty good especially since Georgia now gives CNS's prescriptive authority.
- 0Aug 31, '11 by duttyprofessorHey everyone! I'm extremely new to this site, this being my first actual post, but I found this thread/board through a search and wanted to dive in.
I'm taking prerequisites for a pediatric CNS program that's going to re-open next fall and during this time of uncertainty (will it open? is the program going to be viable?), I want to get some answers. I've been mentored a bit by a surgical CNS and another pediatric CNS who graduated 1.5 years ago and through conversations with them about what they do, it's right up my alley: policy change in the hospital, educating staff on the latest stuff, performing some varieties of research, etc. My passions are pediatric pain and integrative health (CAM therapies and the like), so I plan on bringing freshness to whatever I do.
You all have provided a few on this thread already and I thank you for it.
However, one of the first questions addressed (I think) was regarding the DNP.
Ongoing from here on out, do you think the DNP role is similar enough to both the CNS and the NP that it will start taking CNS jobs? With my passion for advanced practice and interest in widespread change, is the DNP something I should look at prior to the MSN since there are some BSN-to-DNP programs that exist?
Thanks for any information any of you can offer!
- 0Nov 30, '11 by gardentulip27Yes it is dying and yes go for NP. They are retiring many CNS certifications. What a profession! Have never heard of doctors, or pharmacists or lawyers, retiring their "certifications". OMG
- 0Nov 30, '11 by traumaRUs, MSN, APRN, CNS AdminAgree with you Gardentulip!
And...since CNS's can only be certified via ANCC, we are at their mercy.
I would never advise anyone contemplating grad school to go for CNS.
- 0Nov 30, '11 by traumaRUs, MSN, APRN, CNS AdminHowever, the certification issue remains: in my eyes, with the adult CNS being "retired" (which is the majority of CNS's), the writing is on the wall: CNS is disappearing.
While I don't necessarily agree with the "retiring" of the adult CNS, its a done deal.
Can I ask that you clarify your opinion EnoRN?


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Yin Zhang Wins Test-of-Time Award
Submitted by Staci Norman on Jun 5, 2013 8:06am
Associate Professor Yin Zhang, and his co-authors Matthew Roughan, Nick Duffield and Albert Greenberg, won the ACM SIGMETRICS Test-of-Time Award this year for their paper "Fast Accurate Computation of Large-Scale IP Traffic Matrices from Link Loads," in Proceedings of the ACM SIGMETRICS Conference, 2003.
The award "recognizes an influential performance evaluation paper whose impact is still felt 10-12 years after its initial publication."
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Out of Stock
Item # SRM0029
Don't worry though, we have a lot more Drivetrain Small Parts in stock than that.
SRAM BlackBox Ceramic Bearing Pulleys - Mountain $0.00
Quicker to the finish.
When every little bit counts, SRAM delivers with their BlackBox components. Usually reserved for elite racers, these ceramic pulley bearings give your XO derailleur the edge.


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The Harvest Market is a seasonal and weekly, outdoor farmers market located at 200 North Grove Avenue in Downtown Elgin and organized by the Downtown Neighborhood Association of Elgin and presented by Alexian Brothers Health Systems. The market meets every Thursday, June 5 – October 2, 9am – 2pm. In its fifteenth year the market offers and encourages locally grown and sustainably produced food from area businesses who offer fresh, quality vegetables, fruits, bread, meat, olives, spices, and knife sharpening services.
The market continually provides an outlet for educational opportunities on sustainable practices and healthy living from local community oriented organizations and businesses.
Join & Use Fun Rewards Harvest Market CHALLENGE CARD!
Additionally to supporting local artists the market cultivates a welcoming, accessible, family-friendly, and entertaining public space atmosphere to shop, learn and discover in Downtown Elgin.
NEW THIS SEASON is our "Harvest Market in the PM" which is at NIGHT and INSIDE the Grand Victoria Casino's pavilion on the third Thursdays of the month June 19, July 17, August 21, and September 18, 4-7pm! Shop for local products such as local veggies, soaps, honey, and more in air-conditioned and rain-free comfort. So come join us – entry is free and you can dine in one of Grand Victoria's Casino's great restaurants after you shop!
Quick Facts
- 20-25 local vendors each week
- 400+ average customers each week
- 23,500 cars go by on a daily basis
- Prominent Location (Directions)
- Free parking and public transportation nearby
- Handicap Accessible
- Portolets & handwashing stations
courtesy of Waste Management
- Leashed pets welcome
- Free Cold Water Cooler
courtesy of D'Angelo Natural Spring Water
- Located next to the Gail Borden Public Library, Centre of Elgin, and Hemmens Cultural Center
- Cash, Link cards, and all major credit and debit cards are accepted (Double value match for customers with the Link card is courtesy of BMO Harris Bank)
Downtown Neighborhood Association of Elgin
Harvest Market Manager: Jennifer Benson
10 N. Spring, Elgin, IL 60120
Phone: 847.488.1456
Fax: 847.488.1449


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|Thu, 08-28-2008 - 1:14pm
We had to drive to the airport to pick up my in-laws.
|Fri, 08-29-2008 - 8:39am
I haven't had that happen to us, but your story reminded me of this:
I was in my teens and staying overnight with a friend. Her mom kept yelling at us to get ready because we had to leave for church. We all pile in the car and drive about 25 minutes to her church. We're almost there when her mom looks down at her own feet and realizes that she's wearing her fancy fluffy pink house slippers. We all about died laughing so hard. Her mom and dad dropped us off at the church and we went to Sunday school while her mom went back home to put her shoes on.
One time we couldn't find my daughter's shoes. We were at Grandmas house and earlier my daughter complained that the neighbor boy had thrown his shoes at her. I guess she ended up doing the same back to him. After a while of looking we found one of her shoes in the middle of the street and the other in the yard next to the house.
|Thu, 09-04-2008 - 8:57am
I've had this happen before. I've left the house without shoes on. Mostly my 3yo leaves without shoes on even though she wears crocs and they take all of 4 seconds to put on.
You got a great deal on those Sketchers though! $44 for two pairs is awesome.
|Tue, 09-09-2008 - 9:54pm


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Mental Health Evaluators
Use the menu at right to explore all of the mental health evaluator training resources in this section.
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Introduction to Training for Mental Health Professionals Evaluating Torture Survivors for Asylum Claims
Lisa Matos from HealthRight International provides an introduction to the training resources available for mental health professionals serving as evaluators for asylum seekers. These resources can be found here:
This video is slightly less than 2 minutes long.
This mental health evaluator training section has been compiled through the combined efforts of Lisa Matos, Project Director of the Human Rights Clinic of HealthRight International, and participants in the National Capacity Building Project's 2011 institute: Torture Survivors Seeking Asylum: The Intersection of Forensic Mental Health Evaluation and Legal Representation.


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Senate Judiciary Committee
Senate panel votes, 11-7, to open Supreme Court to cameras
Justices have resisted TV coverage
Leahy, Smith: We'll push piracy bill
"Stealing is stealing. I don't care if it's on the Internet ... it's theft," Sen. Patrick Leahy says.
Probe: No crime in case vs. Stevens
Investigators reportedly find no laws were violated in the prosecution of the late Alaska senator.
Senate Dems move to repeal DOMA
The Senate Judiciary Committee voted 10-8 along party lines in favor for the Respect for Marriage Act.
Holder: Fast and Furious will linger
The attorney general says the carnage linked to the gun program is likely to continue for years.
Police back Holder before testimony
The attorney general gets backup from the Fraternal Order of Police just before "gun walking" testimony.
Lanny Breuer: wiretap no way to control Operation Fast & Furious
Blog: The Justice Department's reviews of requests for wiretaps in Operation Fast & Furious could not have been expected to prompt senior department o
Eric Holder likely to face Fast & Furious questions from Senate Nov. 8
Blog: Attorney General Eric Holder has agreed to testify to the Senate Judiciary Committee on Nov. 8, giving him what could be a friendlier forum to a
13 senators: take detainee issues out of defense bill
Blog: Thirteen Democratic senators are asking Majority Leader Harry Reid (D-Nev.) not to bring the annual defense authorization bill to the floor with lan
TSA chief John Pistole slammed at Senate hearing
Blog: Senate Judiciary Committee Chairman Patrick Leahy blasted the Transportation Security Administration and its director John Pistole for showing an &a
Janet Napolitano: deportation review to begin in weeks
Blog: Homeland Security Secretary Janet Napolitano announced Wednesday that the Obama administration's plan to drop some pending deportation cases will ge
Mr. Schmidt goes to Washington
A Senate subcommittee will grill the Google CEO.
Anita Hill to speak out on 20th anniversary of hearings
Blog: Anita Hill, the law professor whose charges of sexual harassment nearly upset Justice Clarence Thomas's confirmation to the Supreme Court, will atte
Senate clears way to extend FBI director's term
Blog: The Senate voted Thursday afternoon to approve legislation that would clear the way for FBI Director Robert Mueller to serve another two years, POLI
Obama taps fourth openly gay judge
He plans to nominate Michael Fitzgerald to the U.S. District Court for the Central District of California.
Openly gay judge confirmed
Blog: The Senate on Monday voted 80-13 to confirm Paul Oetken, making him the first openly gay male federal judge.
Google's refusal puts Kohl on spot
Google's refusal to play ball with a Senate subcommittee presents a dilemma for the senator.
Senate panel splits over bill extending FBI Director Mueller's term
Blog: The Senate Judiciary Committee split sharply Wednesday over a bill to extend FBI Director Robert Mueller's term, as Senate Republicans warned that D
Bill to extend FBI director's term faces legal doubts
Blog: White House-endorsed legislation to extend FBI Director Robert Mueller's term may be constitutionally flawed and should be abandoned, a law professo
DoJ: Make ISPs keep tabs on users
A Justice official tells a Senate privacy panel to consider requiring providers to retain data.


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Saqib Ali
How is the UAE cricket player who has just been banned from playing for a year after assaulting an umpire, connected to the singer who was accused of assaulting young boys?
June 17, 2009 3:47 by Aarti Nagraj
Ajantha Mendis
The Sri Lankan bowler recently helped his team reach the semi-finals of the World Twenty 20 series currently on in England. The 24-year-old cricketer, who was playing for the Sri Lanka Army team, made his One Day International (ODI) debut against the West Indies in 2008 and took 3 wickets for 39 runs.
His first Test Match was against India at Colombo on July 23, 2008 in which became the first Sri Lankan bowler to get an eight-wicket haul on Test debut.
In September last year, Mendis also won the Emerging Player of the Year award at the LG ICC Awards ceremony held in Dubai.
Mendis' talent also gave him a chance to play in the Indian Premier League as part of the Kolkata Knight Riders team, which is owned by Bollywood actor…
Other Articles
Six degrees of Wikileaks
Six degrees of the Burj Khalifa
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Does anyone have Irish source templates? General Records Office bmd and census. I am a newbie but I guess I will have to learn to make templates and learn formatting sources. Thanks.
Does anyone have Irish source templates?
Started by RandomNumber, Jul 13 2013 08:57 PMirish ireland templates GRO vital records
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tag:blogger.com,1999:blog-10901468.post111099352146543662..comments2014-12-17T23:11:25.079-05:00Comments on The Panopticon: Oh DearFranklinhttp://firstname.lastname@example.com:blogger.com,1999:blog-10901468.post-52495573895987902412014-04-16T06:57:54.295-04:002014-04-16T06:57:54.295-04:00To create a such kind of article is really amazing...To create a such kind of article is really amazing,I daily read your blogs and give my announcement for that here this article is too great and so entertaining. Jadwal Liga Inggris Klasemen Liga InggrisLiga Inggrishttp://email@example.com:blogger.com,1999:blog-10901468.post-53236878752204156432014-04-16T06:48:13.120-04:002014-04-16T06:48:13.120-04:00This is a fantastic website and I can not recommen...This is a fantastic website and I can not recommend you guys enough. Full of useful resource and great layout very easy on the eyes. 338A Casino Agen IbcbetTaruhan Bolahttp://firstname.lastname@example.com:blogger.com,1999:blog-10901468.post-1111092381617322912005-03-17T15:46:00.000-05:002005-03-17T15:46:00.000-05:00hey, think i can get those mittens you promised me...hey, think i can get those mittens you promised me by my birthday...in June? :)Buzzhttp://email@example.com:blogger.com,1999:blog-10901468.post-1111086135853707422005-03-17T14:02:00.000-05:002005-03-17T14:02:00.000-05:00Again, I'm going to chime in the same as Colleen--...Again, I'm going to chime in the same as Colleen-- that's a sexy sweater over at knitty.

So, which of you supertastic knitter guys are going to put it on the needles????

No cables- so Jon will be happy.Feliciahttp://email@example.com:blogger.com,1999:blog-10901468.post-1111072447491327892005-03-17T10:14:00.000-05:002005-03-17T10:14:00.000-05:00Franklin/Jon: I LOVE this pattern from Knitty. Co...Franklin/Jon:

I LOVE this pattern from Knitty. Could one of you knit it, please? I think it's so sexy.

http://knitty.com/ISSUEfall04/PATTleo.html

Definitely not "old manish" or CPAish, or dentistish or anythingish.Colleenhttp://firstname.lastname@example.com:blogger.com,1999:blog-10901468.post-1111070586591936912005-03-17T09:43:00.000-05:002005-03-17T09:43:00.000-05:00Stand to your convictions man! The patterns for me...Stand to your convictions man! The patterns for men suck, by and large! They are intended for old geezers who get cold, hence the volume of cables.

Hullo? (knocks on monitor) Female designers? Stop designing sweaters for men with cables!!! We can't wear them to work (where we spend too much of our damn time anyway) because you hormonal females control the office temperature!

By the by, I'm extremely cranky today, otherwise this would be a snappier comment. {G}Jonhttp://email@example.com:blogger.com,1999:blog-10901468.post-1111058061673179742005-03-17T06:14:00.000-05:002005-03-17T06:14:00.000-05:00I'm with Colleen-- let the jokes flow. Here are m...I'm with Colleen-- let the jokes flow. Here are my insurance agent contributions:

A woman was in the hospital after feeling very ill. The doctor says to her, "I have some bad news for you. You only have three months to live." "Oh that's terrible," the woman sighs, "what am I going do?" The doctor replies, "Marry an insurance agent." "Will I live longer?" asks the woman. "No," replies the doctor, "but it will SEEM longer."

Insurance agents are premium lovers.

Insurance agents do it with third parties.

Q: How many insurance agents does it take to change a light bulb?
A: That depends on whether the light bulb burned alone or with the whole house.

If you need more, let me know. I'm full of them.Feliciahttp://email@example.com:blogger.com,1999:blog-10901468.post-1111030572613210262005-03-16T22:36:00.000-05:002005-03-16T22:36:00.000-05:00But has she found a good pattern?It isn't fair to ...But has she found a good pattern?
It isn't fair to criticize anonymously. That's like taping a note to the front door, ringing the doorbell and running away, particularly since "Other" is an option.
I think you're right: most men's patterns are dull. I suspect that is because most of the knitters are women who knit for men who will take a sweater only if doesn't attract too much attention.
There, I've said two or three controversial things.
Later.MarQ1http://firstname.lastname@example.com:blogger.com,1999:blog-10901468.post-1111017785929505272005-03-16T19:03:00.000-05:002005-03-16T19:03:00.000-05:00You know, Franklin, if you ever have the occasion ...You know, Franklin, if you ever have the occasion to make a lawyer joke, or drop a sharp comment about "ambulance chasing" you go right ahead. As an attorney, it won't offend me in the slightest.

In fact, the cruder and juicer the lawyer joke, the better, as far as I'm concerned.

Here's one:

What's the difference between a lawyer in the middle of the road and a skunk in the middle of the road?

There are skid marks around the skunk.

Bwwaaa HaaaaColleenhttp://firstname.lastname@example.com:blogger.com,1999:blog-10901468.post-1111003390012248742005-03-16T15:03:00.000-05:002005-03-16T15:03:00.000-05:00Well you responded to my "dorky CPA" hurt feelings...Well you responded to my "dorky CPA" hurt feelings...you truly are the sensitive man you seemed to be in your blog--I guess no one is immune to letting a stereotype slip. I'm sorry about your Aunt. Its wonderful she was so supportive of you unconditionally. Thank you...and you are entitled to your email@example.com:blogger.com,1999:blog-10901468.post-1111000499185244062005-03-16T14:14:00.000-05:002005-03-16T14:14:00.000-05:00Should I apologize for thinking that was hilarious...Should I apologize for thinking that was hilarious?

You might be pleased to know that Knitty's July 2005 issue is titled, "The Man Issue." Actually, you may want to consider submitting an article yourself. I'll put the link here where you can click my name... I thoroughly enjoy reading what you have to write and I'm sure many others would as well.leahhttp://firstname.lastname@example.com


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I've recently had an old problem come back where the internet at home drops out but it looks like you are connected. If you try and browse any website it just times out. If you try and load the admin page for the router it times out so I can't login to see the status but all the lights look like it is connected and indeed the status on the network connection on the PC thinks it's connected.
This time though I tried running a speedtest on the app on my phone and it actually shows that the download speed is fine, but when it tries to run an upload test it just times out and then fails. From the PC I can ping the router & google but I can't browse any websites and I'm assuming this is because I have no upload so my request isn't being passed on? The thing that I don't understand is why can't I connect to the router to check any settings? The only way I can resolve this is if I reboot the router at which point I can browse the internet and I cant navigate to the router webpage.
Is this a case of a carp router and by replacing it with something better could resolve the issue or could this be caused by a line fault?
Plusnet, but I've only just moved to them and had the issue before. I'm yet to contact them but they only provide a basic router which I swapped for an old BT HH which I had been using to see if it improved at all. But it seems like the problem may have gotten worse (certainly it was worse yesterday) so I'm not sure if buying a better router would help. I thought I'd ask here before going to their tech support.
Sounds like it could be A DNS issue, we get this now and again with the ISP which is local to us, no internet but all seems connected - happens when a DNS server goes offline. Try using 184.108.40.206 or 220.127.116.11 on your PC in network settings see if you get a connection again.
Although your router not responding is strange, Have you tried turning it off and back on again ?
@cpjitservices - lol yeah thats the only way it recovers. Every time it is rebooted it comes back ok. I'm just not sure why I can't get access to the routers webpage when it happens. I would have thought even if the problem was with the line, I would have been able to browse to the router page ok? It's as if something happens on the line which causes the router to jam up.
Get any relevant settings you need off of it and or make a backup of the config
Do a factory reset on the router and power it off and back on
If there are any firmware updates , do them to get it to the latest revision
Re configure manually and see if that's any better. As per above mentioned by others try google dns instead of your ISP's DNS
If it is still the same or being flakey etc then either get your ISP to send a replacement router or if you can get your own then do that. If its a virgin media super hub etc I would suggest your own router, put the super hub into modem only mode and use your router for wifi etc
When I have been with both sky and virgin media when the Internet connection stops working I have always had local connectivity ie between local devices and can still get to the web gui of the router
Last edited by mac_shinobi; 15th April 2014 at 12:42 PM.
Sounds like a faulty router, regardless of line state you should be able to login to it.
When it goes 'offline' is it still pingable ?
What does your computer or any connected device show as the default gateway and is that the same ip address you are using to access the web gui with ?
Worked fine connecting an ethernet cable from the aebs WAN port to the first LAN port on the super hub ( after placing / configuring the super hub into modem mode ) which made the super hub only be or act like a cable modem as the other features on the super hub are crap at best which left me to use my own router as just that a router with dual band WiFi
I tried setting my own router in both bridged mode and not ( worked both ways ). Just depends how you want to do it
In order for the VM modem to use or allow it to use and connect to your own router I think if you power cycle the vm super hub whilst its connected to your router and your router is powered on it will pick up the mac address of your routers WAN port etc ( going from memory here so could be wrong )
ok try changing your local DNS settings when it goes off see if that works.. could be a DNS issue .. would certainly rule it out if not.
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Shoe Freaks Badgering Alexander McQueen's Office for Their Own 'Aliens'
There is a possibility of McQueen selling the runway samples.
Skip to content, or skip to search.
Skip to content, or skip to search.
There is a possibility of McQueen selling the runway samples.
She wore spring 2010 Proenza Schouler in London today.
Hip cutouts and all.
She's the best person to model corsets, apparently.
Check out the loose plaid smocks, fun prints, and refreshing outerwear in next season's offerings.
At only 15, she just walked Vera Wang, Valentino, Louis Vuitton, Dolce & Gabbana, and more.
They hire professional models for a reason.
We can't wait until it hits stores next year!
The line is a mix of day and night with a range of colors, from creamy whites to Day-Glo yellows and reds.
For the masses, Payless is toning down the shoes we saw on the runway.
From sexy shoes to shark-tooth jewelry, the accessories in Paris had bite.
We picked our favorite shows from Paris.
Check out her latest collection for her namesake line.
Paris Fashion Week usually births an emerging runway star, but this season was overrun with the tried-and-true favorites.
Also, Tom Cruise tells Katie Holmes when dresses are wearing her.
See our latest runway slideshows and details galleries from Paris Fashion Week.
And Rihanna doesn't count as a professional woman.
Spring 2010 was a very safe season. Blame the recession.
"Another audacious idea were his remarkable shoes ... footwear that might eat you."
Another hot item: dinosaur purses!


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Senator DeSaulnier Bill to Reform Peer Review Process on Public Works Projects Signed by Governor Brown
Governor Brown has signed a bill to bring reform and accountability to public works projects. Senate Bill 425, authored by Senator Mark DeSaulnier (D-Concord), sets standards for assembling peer review panels in a clear and transparent manner. SB 425 enjoyed strong bi-partisan support in both the Senate and Assembly. The bill passed 78-0 off the Assembly floor and 35-0 in the Senate.
"I thank Governor Brown for supporting important efforts to bring greater accountability and transparency to major public works projects," Senator DeSaulnier said. "Reviews should meet clear criteria before projects are touted as "peer reviewed". Common sense reform measures such as SB 425 will help change the culture at public agencies, particularly Caltrans. I look forward to continue working with Governor Brown and his administration to restore the public's trust in Caltrans."
SB 425 takes a number of steps toward legitimizing the use of peer review on public works projects in California. SB 425 defines peer review and requires administering agencies utilizing a peer review group on a public works project to develop a transparent process for selecting members of the review group. Further, agencies must draft and post online a charter for the peer review group describing the groups' members, objectives, and aims. Finally, SB 425 restricts the use of the term peer review in order to maintain the integrity of the process throughout the state. A project cannot be "peer reviewed" unless the group created by the administering agency meets the strict standards outlined in SB 425.
Sam Mahood
(916) 651-4007


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Not all of the showy plants you see along Iowa's roadways
are native grasses and wildflowers. Some are invasive, non-native plant species.
Invasive plants are species that have become established in an area
and, by out-competing more desirable plants, can degrade agricultural land and natural
areas. Invasive plants continually adapt and move to new habitats, particularly
disturbed roadsides. Controlling the spread of these species is an IRVM priority.
Several showy invasive plants, commonly found
in Iowa, are shown below. Click on the links for more information.
*Iowa Primary Noxious Weed
**Iowa Secondary Noxious Weed
See a
complete list of Iowa's noxious weeds and learn more about the Iowa Weed
Center for Invasive Plant Management
Plant Conservation Alliance
USDA - National Invasive Species Information Center
Iowa State Weed Science