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The Fulbright Program, including the Fulbright-Hays Program, is a program of competitive, merit-based grants for international educational exchange for students, scholars, teachers, professionals, scientists and artists, founded by United States Senator J. William Fulbright in 1946. Under the Fulbright Program, competitively selected U.S. citizens may become eligible for scholarships to study, conduct research, or exercise their talents abroad and citizens of other countries may qualify to do the same in the United States. The first participating university in the United States was George Washington University in Washington, D.C.
The Fulbright Program is one of the most prestigious awards programs worldwide, operating in over 155 countries.[1] Forty-three Fulbright alumni have won Nobel Prizes (including two in 2010, Peter A. Diamond and Ei-ichi Negishi) and seventy-eight have won Pulitzer Prizes.[2] More Nobel laureates are former Fulbright recipients than any other award program.[citation needed]
The program was established to increase mutual understanding between the people of the United States and other countries through the exchange of persons, knowledge, and skills.
The Fulbright Program provides 8,000 grants annually to undertake graduate study, advanced research, university lecturing, and classroom teaching. As of 2010, 300,000 persons—114,000 from the United States and 188,000 from other countries—have participated in the program since it began.
In each of 50 countries, a bi-national Fulbright Commission administers and oversees the Fulbright Program. In countries without a Fulbright Commission but that have an active program, the Public Affairs Section of the U.S. Embassy oversees the Fulbright Program.
The U.S. Department of State's Bureau of Educational and Cultural Affairs sponsors the Fulbright Program from an annual appropriation from the U.S. Congress. Additional direct and in-kind support comes from partner governments, foundations, corporations, and host institutions both in and outside the U.S.[1]
The Fulbright Program aims to bring a little more knowledge, a little more reason, and a little more compassion into world affairs and thereby increase the chance that nations will learn at last to live in peace and friendship.[3]—Senator J. William Fulbright
In 1945, Senator J.William Fulbright proposed a bill to use the proceeds from selling surplus U.S. government war property to fund international exchange between the U.S. and other countries. With the crucial timing of the aftermath of the Second War and with the pressing establishment of the United Nations, the Fulbright Program was a solution in promoting peace and understanding through educational exchange. The bill devised a plan to forgo the debts foreign countries amassed during the war and in return for funding an international educational program. It was through the belief that this program would be an essential vehicle to promote peace and mutual understanding between individuals, institutions and future leaders wherever they may be.[4]
If we do not want to die together in war, we have to learn to live together in peace.[5]—President Harry S. Truman
On August 1, 1946, President Harry S. Truman signed the bill into law, and Congress created the Fulbright Program in what became the largest education exchange program in history.
Since it began, the program has operated on a bi-national basis; each country active in the Fulbright Program has entered into an agreement with the U.S. government. The first countries to sign agreements were China in 1947 and Burma, the Philippines, and Greece in 1948.[4]
Educational exchange can turn nations into people, contributing as no other form of communication can to the humanizing of international relations.[6]—Senator J. William Fulbright
The Fulbright Program works two ways: U.S. citizens may receive funding to go to a foreign country (U.S. Student Program, U.S. Scholar Program, and Teacher Exchange Program) and non-U.S. citizens may come to the U.S. (Foreign Student Program, Visiting Scholar Program, Teacher Exchange Program).
Candidates recommended for Fulbright grants have high academic achievement, a compelling project proposal and/or statement of purpose, demonstrated leadership potential, and flexibility and adaptability to interact successfully with the host community abroad.
Fulbright grants are offered in almost all academic disciplines except clinical medical research involving patient contact. Fulbright grantees' fields of study span the fine arts, humanities, social sciences, mathematics, natural and physical sciences, and professional and applied sciences.[7]
A portion of the Fulbright Program is a Congressional appropriation to the United States Department of Education for the Fulbright-Hays Program. These grants are awarded to individual U.S. K-14 pre-teachers, teachers and administrators, pre-doctoral students and post-doctoral faculty, as well as to U.S. institutions and organizations. Funding supports research and training efforts overseas, which focus on non-western foreign languages and area studies.[9]
Budgetary reductions have forced the Department of Education to cancel many Fulbright-Hays Programs for the fiscal year of 2011, pending final congressional action.[10]
The program is coordinated by the Bureau of Educational and Cultural Affairs (ECA) of the U.S. Department of State under policy guidelines established by the Fulbright Foreign Scholarship Board (FSB), with the help of 50 bi-national Fulbright commissions, U.S. embassies, and cooperating organizations in the U.S.[1]
The U.S. Department of State is responsible for managing, coordinating and overseeing the Fulbright program. Bureau of Educational and Cultural Affairs is the bureau in the Department of State that has primary responsibility for the administration of the program.
The Fulbright Foreign Scholarship Board is a twelve-member board of educational and public leaders appointed by the President of the United States that determines general policy and direction for the Fulbright Program and approves all candidates nominated for Fulbright Scholarships.
Bi-national Fulbright commissions and foundations, most of which are funded jointly by the U.S. and partner governments, develop priorities for the program, including the numbers and categories of grants. More specifically, they plan and implement educational exchanges, recruit and nominate candidates for fellowships; designate qualified local educational institutions to host Fulbrighters; fundraise; engage alumni; support incoming U.S. Fulbrighters; and, in many countries, operate an information service for the public on educational opportunities in the United States.[11]
In a country active in the program without a Fulbright commission, the Public Affairs Section of the U.S. Embassy administers the Fulbright Program, including recruiting and nominating candidates for grants to the U.S., overseeing U.S. Fulbrighters on their grant in the country, and engaging alumni.
Established in 1919 in the aftermath of World War I, the Institute of International Education was created to catalyze educational exchange. In 1946, the U.S. Department of State invited IIE to administer the graduate student component and CIES to administer the faculty component of the Fulbright Program—IIE's largest program to date.[12]
The Council for International Exchange of Scholars is a division of IIE that administers the Fulbright Scholar Program.
AMIDEAST administers Fulbright Foreign Student grants for grantees from the Middle East and North Africa (except Israel).
LASPAU: Academic and Professional Programs for the Americas administers the Junior Faculty Development Program, a part of the Fulbright Foreign Student Program, for grantees from Central and South America and the Caribbean.
The Academy for Educational Development administers the Fulbright Classroom Teacher Exchange Program and the Distinguished Fulbright Awards in Teaching Program.
The Fulbright Association is an organization independent of the Fulbright Program and not associated with the U.S. Department of State. The Fulbright Association was established on Feb. 27, 1977, as a private nonprofit, membership organization with over 9,000 members. The late Arthur Power Dudden was its founding president. He wanted alumni to educate members of the U.S. Congress and the public about the benefits of advancing increased mutual understanding between the people of the United States and those of other countries. In addition to the Fulbright Association in the U.S., independent Fulbright Alumni associations exist in over 75 countries around the world.
The Fulbright Academy is an organization independent of the Fulbright Program and not associated with the U.S. Department of State. A non-partisan, non-profit organization with members worldwide, the Fulbright Academy focuses on the professional advancement and collaboration needs among the 100,000+ Fulbright alumni in science, technology and related fields. The Fulbright Academy works with individual and institutional members, Fulbright alumni associations and other organizations interested in leveraging the unique knowledge and skills of Fulbright alumni.
Fulbright alumni have occupied key roles in government, academia, and industry.
The following list is a selected group of notable Fulbright grant recipients:[2][16]
The J. William Fulbright Prize for International Understanding, established in 1993, is awarded by the Fulbright Association to recognize individuals who have made extraordinary contributions toward bringing peoples, cultures, or nations to greater understanding of others.
Fulbright Prize laureates include:
|This article uses bare URLs for citations. (June 2012)
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Apple to report first iPad quarterly salesJuly 19, 2010 3:05 am | by The Associated Press | Comments
Apple Inc., maker of the iPhone, Macintosh computers and other consumer electronics, is scheduled to report its fiscal third-quarter results Tuesday after the stock market closes.WHAT TO WATCH FOR: Remember the iPad? While all the buzz in recent weeks has been about the iPhone 4, the newest...
Vaccine-Delivery Patch with Dissolving Microneedles Boosts Protection(3)July 18, 2010 4:22 pm | by Georgia Institute of Technology | Comments
A new vaccine-delivery patch based on hundreds of microscopic needles that dissolve into the skin could allow persons without medical training to painlessly administer vaccines – while providing improved immunization against diseases such as influenza.
Vaccine-Delivery Patch with Dissolving Microneedles Boosts Protection(2)July 18, 2010 3:23 pm | Comments
A new vaccine-delivery patch based on hundreds of microscopic needles that dissolve into the skin could allow persons without medical training to painlessly administer vaccines – while providing improved immunization against diseases such as influenza.
A Defiant Steve Jobs Confronts 'Antennagate'July 18, 2010 11:23 am | by Wall Street Journal | Comments
Apple CEO Steve Jobs acknowledged that the iPhone 4 loses signal strength when held a certain way, but argued the problem is not unique to his company's device. CEOs from Motorola and Research in Motion disputed Mr. Jobs's claim.
Media Cache: France's Three-Strikes Law for Internet Piracy Hasn't Brought Any PenaltiesJuly 18, 2010 11:23 am | by New York Times | Comments
As consumer preferences and technology change, some people in the music industry are proposing new ways to deal with piracy.
Technology Rivals Lobby to Break Microsoft's HoldJuly 18, 2010 11:23 am | by New York Times | Comments
A plan to advise local governments on software purchases has set off a battle this summer between Microsoft and its rivals Google, International Business Machines, Red Hat and Oracle.
Telefónica Withdraws Bid for Brazilian Joint VentureJuly 18, 2010 11:22 am | by New York Times | Comments
Telefónica of Spain withdrew a $9.24 billion bid to take full control of its Brazilian wireless joint venture with Portugal Telecom after the Portuguese government vetoed the deal.
Snyder brings outsider's outlook to governor raceJuly 17, 2010 6:05 am | by KATHY BARKS HOFFMAN - Associated Press Writer - Associated Press | Comments
Rick Snyder is a workaholic, a man who considers a four-hour round of golf a waste of time and who crammed nine years' worth of college degrees into just over six.But get the silver-haired Snyder near his power boat on Gun Lake, and the intensity the 51-year-old Republican gubernatorial...
Rep. Djou maintains money advantage over HanabusaJuly 16, 2010 8:05 pm | by HERBERT A. SAMPLE - Associated Press Writer - Associated Press | Comments
Republican U.S. Rep. Charles Djou has begun the summer with a solid advantage in campaign contributions over his likely Democratic general election foe, state Senate President Colleen Hanabusa.In reports filed with the Federal Election Commission on Thursday, Djou said he had more than $379,000...
The Billion-Bug Highway In the SkyJuly 16, 2010 2:20 pm | by Curious Cat Science and Engineering Blog | Comments
Listen to Bug Highway In The Sky there are 3 billion insects passing over your head in a summer month, he was talking about his survey in Great Britain. Closer to the equator, he says, the numbers should rise. He wouldn't be surprised, for example, that in the sky over Houston or...
Former Koss exec charged in theft takes a pleaJuly 16, 2010 1:06 pm | by The Associated Press | Comments
A former Koss Corp. finance executive accused of embezzlement has agreed to plead guilty to all six felony fraud counts against her and pay $34 million in restitution.The Journal Sentinel reports the plea deal for Sujata "Sue" Sachdeva does not include a specific recommendation for the length...
Google buys Metaweb to 'improve search'July 16, 2010 1:06 pm | by The Associated Press | Comments
Search giant Google Inc. says it has bought Metaweb Inc., a company that helps connect Internet search words to real-world things.Terms were not disclosed.Google director of product management, Jack Menzel, said in a blog post Friday that the acquisition will help "improve search and make the...
Gannett's stock dives after 2Q results disappointJuly 16, 2010 1:05 pm | by MICHAEL LIEDTKE - AP Business Writer - Associated Press | Comments
Gannett Co., the largest U.S. newspaper publisher, moved closer to ending a 3 ½-year slump in print advertising during the second quarter. But it still isn't feeling confident enough to predict when the biggest part of its business will begin to grow again.The progress contained in earnings results...
Novel microfluidic HIV test is quick and cheapJuly 16, 2010 12:23 pm | by EurekAlert | Comments
(University of California - Davis - Health System) UC Davis biomedical engineer Alexander Revzin has developed a "lab on a chip" device for HIV testing. The test integrates an antibody microarray with a lensfree holographic imaging device that takes only seconds to count the number of...
Texas gives IBM 30-day warningJuly 16, 2010 12:05 pm | by The Associated Press | Comments
IBM Corp.'s big data center consolidation contract with Texas is close to collapsing.State officials warned IBM on Friday that it has 30 days to fix problems with its effort to merge the data centers of 28 state agencies into two facilities.If it doesn't, the $863-million contract could be...

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|Flavio Fancellu
|See also: Forgotten Light, Icy Steel, ex-Calvary, ex-Egomass, ex-Screaming Shadows
|Andrea Giribaldi
|See also: Negacy, No Mercy, ex-Eruption, ex-Red Warlock, ex-Screaming Shadows
|Claudio Spanu
|See also: ex-Even Flow
|Luigi Usai
|See also: No Mercy, ex-Screaming Shadows, ex-Red Warlock
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|Name: _________________________
|Period: ___________________
This test consists of 15 multiple choice questions and 5 short answer questions.
Multiple Choice Questions
1. Who does Antonio plead for mercy from?
(a) Shylock.
(b) Tubal.
(c) The jailer.
(d) The duke.
2. Who is present when Shylock realizes his daughter is gone?
(a) Launcelot.
(b) Gobbo.
(c) Salarino.
(d) Antonio.
3. What is the name of the young lawyer who has come to Venice to help the Duke make a ruling on the case?
(a) Bellagio.
(b) Bellario.
(c) Balthazar.
(d) Bellington.
4. Which casket does the second suitor choose?
(a) The silver casket.
(b) The jewel encrusted casket.
(c) The lead casket.
(d) The brass casket.
5. Who does Bassanio introduce Portia to when he returns to Belmont from Venice?
(a) Antonio.
(b) The duke.
(c) Gobbo.
(d) Launcelot.
6. What does Shylock say will happen if the duke does not uphold the contract between Shylock and Antonio?
(a) Business in Venice will suffer.
(b) The duke will be arrested.
(c) Money will be lost.
(d) Contracts will be broken.
7. Which casket does Bassanio choose?
(a) Silver.
(b) Bronze.
(c) Lead.
(d) Golden.
8. Who does Portia leave in charge of her house when she leaves?
(a) A suitor who arrived too late.
(b) Lorenzo and Jessica.
(c) Nerissa.
(d) Her servants.
9. What does Bassanio give the young lawyer from Padua in return for his service to Antonio?
(a) A deed to some of Portia's land.
(b) Half the owed debt.
(c) His ring from Portia.
(d) The necklace Portia gave him.
10. Who is dressed up as the young lawyer frm Padua?
(a) Portia.
(b) Nerissa.
(c) Jessica.
(d) Josilyn.
11. Why does the second suitor choose to forgo the gold casket?
(a) Portia is not smart enough.
(b) Portia is not rich enough.
(c) Portia is not kind enough.
(d) Portia is not beautiful enough.
12. What does Launcelot tell Jessica he is worried about her for?
(a) She may go to hell for the sins of her father.
(b) She was manipulated into her marriage.
(c) Her father will try to arrest her new husband.
(d) Her new husband will mistreat her.
13. Who does Shylock say has never had sympathy for him?
(a) Lorenzo.
(b) Any of the other merchants.
(c) Antonio.
(d) Bassanio.
14. What does Shylock say will happen to Jessica due to her betrayal?
(a) She will be dishonored by the synogogue.
(b) She is disowned.
(c) She will be stripped of her title and her inheritance.
(d) She will be sent to hell.
15. What does Portia plan to do with what she got from her husband while in Venice?
(a) Divorce him.
(b) Forgive him.
(c) Demand an explanation from him.
(d) Embarrass him.
Short Answer Questions
1. Why does Portia want Bassanio to wait to choose his casket?
2. Where is the second guest at Belmont from while Bassanio is sailing there?
3. What does the Duke tell Shylock he expects Shylock to do?
4. What does Antonio think Shylock hates him for while he is in prison?
5. What does Launcelot blame the rise of bacon on?
This section contains 530 words
(approx. 2 pages at 300 words per page)


text:
IWRA (India) Journal (Half Yearly Technical Journal of Indian Geographical Committee of IWRA)
Year 2014, Volume-3, Issue-2 (July–December)
Print ISSN : 2277-1298
Online ISSN : 2277-1301
Table of contents RSS Feed
From the Editor's DeskV.K. Kanjlia
Saving water and energy in agriculture in Upper Ganga River Basin (UGRB)Phanish Kumar Sinha
Indian water sector: Critical analysis of the present crisis and the roadmap towards the solutionVivek P. Kapadia
Investigation of geospatial effects on moisture dynamics in Tezpur (Assam) and Roorkee (Uttarakhand) through isotopes observationsGopal Krishan, M.S. Rao, C.P. Kumar, Manish Kumar, Bhishm Kumar
Rating curve calibration using grid partitioning techniqueRama Mehta, P.K. Bhunia, Garvit Kumar, Hari Om, V.K. Dwivedi
Review of sediment control measures in reservoirsM.Z. Qamar, M.K. Verma, A.P. Meshram, M.K. Pawar


text:
In particular we are looking for
Materials: Engineering, Science, Processing and Design-winner of a 2014 Textbook Excellence Award (Texty) from The Text and Academic Authors Association-is the ultimate materials engineering text and resource for students developing skills and understanding
Engineering Materials 2 is one of the leading self-contained texts for more advanced students of materials science and mechanical engineering. The book provides a concise introduction to the microstructures and processing of materials and shows how
Addressing the growing global concern for sustainable engineering, Materials and the Environment, 2e is the only book devoted exclusively to the environmental aspects of materials. It explains the ways in which we depend on and use materials and the
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Livres de Magie en FrançaisZauberliteratur in DeutschLibri di Magia in ItalianoLibros de Magia en Español
+Nonfiction+Fiction+Arthur Dailey Photos Ernest Hemingway Numismatics


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Half a century ago, the economic historian Karl Polanyi argued in the classic book The Great Transformation that self-regulating markets never work and that government intervention always becomes necessary to prevent catastrophe. Buried toward the end of the book is a short but succinct sentence that describes much of what we are seeing on Wall Street today: "The financial market governs by panic."1
The first half of 2008 saw plenty of panic as investors and regulators scrambled to deal with unprecedented losses and the collapse of a major investment bank. Polanyi's view is echoed today by George Soros, one of the most successful investors in history, in The New Paradigm For Financial Markets, a book published in May 2008 in the midst of a market crisis that Soros believes "marks the end of an era of credit expansion based on the dollar as the international reserve currency." 2 The first six months of 2008 saw the U.S. dollar drop to record lows against the Euro as global investors increasingly lost confidence in America's economic policies and watched as authorities had to intervene in the markets in novel ways.
Wall Street barely survived the first half of 2008— one of the bloodiest periods in its history—as losses from subprime mortgages, leveraged loans and the structured products constructed out of these debt obligations imploded. This led the largest financial institutions in the world to report hundreds of billions of dollars in losses and to fire tens of thousands of employees (including several chief executive officers who were too busy counting their own compensation instead of minding their stores).
Indeed, the financial crisis of 2008 proved that if we don't learn from mistakes, we're doomed to repeat them, for it combined aspects of the three worst crises of the past two decades: • Like the collapse of the savings and loan industry and the shutdown of the junk bond market from 1990 to 1991, the 2008 market experienced a complete shutoff of credit to less-than-investment grade companies. • Like the implosion of Long Term Capital Management in 1998, hedge funds in 2008 were battered by the withdrawal of credit by their prime brokers and large redemption requests from investors, leading to massive asset liquidations. • Like the deep credit collapse of 2001-to-2002 triggered by the failure of investment grade companies like Enron and WorldCom, today's crisis resulted from a complete loss of faith in credit rating agencies and their so-called AAA ratings on mortgage securities.
The 2008 perfect storm has led banks to stop lending, left short-term money markets in disarray and required the Federal Reserve to take novel (and by some accounts marginally legal) actions such as initiating its new Term Auction Facility in December 2007 and a new Term Securities Lending Facility in March 2008. Both of these facilities allowed the central bank to accept, for the first time, new types of lower quality collateral for the simple reason that other lenders had lost confidence in these assets.
The federal government took other drastic steps, such as loosening the constraints on the already dangerously overleveraged mortgage agencies, Fannie Mae and Freddie Mac, and allowing the Federal Home Loan Banks to further stretch their balance sheets to purchase more mortgage-backed securities.
Rather than reduce leverage in the system, which would have only exacerbated problems in the short term, these moves effectively stuck a finger in the dike in the hope that other leaks wouldn't burst through in the near-term.
The dike is holding for the moment. But pressure is building for a long-term monetary inflation flood. We regret to inform you that the waters are still rising.
Oil Prices and Other Troubles
Added to monetary inflation is a troubling spike in product inflation as the price of both soft and hard commodities are rising to dangerous levels. During the first half of 2008, a global food crisis materialized. More than 20 countries in the developing world experienced food riots, as such basic foodstuffs like rice and flour became unaffordable. An economic problem, the price of food is also a political problem and a humanitarian crisis worldwide that will require strong global political leadership to ameliorate.
Meanwhile, oil producers, acting as though they were playing the game of Monopoly, passed "Go" to collect $100 per barrel. They seem hell-bent on collecting $150 to $200 per barrel before long. In January 2008, I wrote in this publication: "The U.S. dollar and the price of oil will be two key macroeconomic drivers in 2008. . . As for the world economy's 800-pound gorilla, oil, it did not require a hurricane in the Gulf of Mexico to force prices up to the feared level of $100 per barrel in 2007. Instead, strong global demand, a lack of new oil discoveries and fears about supply did the work."3
Six months later, the picture is even grimmer—and we're approaching another hurricane season. June saw oil trade at more than $130 per barrel. The International Energy Agency (IEA) is expected to sharply reduce its forecast for future oil supplies. For several years, the IEA has predicted that supply would keep up with demand that was expected to reach 116 million barrels a day by 2030, up from around 87 million barrels a day today. The agency is now coming to the conclusion, which believers in the "peak oil" thesis4 have been arguing for several years, that it will be difficult to squeeze 100 million barrels per day out of the ground during the next two decades.
The bottom line: Betting on lower oil and gasoline prices in the years ahead is a certain way to the poorhouse.
The spike in oil prices is nothing less than a catastrophe for U.S. consumers and businesses. At over $4.00 a gallon at most U.S. service stations, gas prices are causing changes in behavior that are harming the economy. The real problem is that the only solution in sight appears to be the very economic slowdown that high oil prices will cause.
The U.S. airline industry is taking drastic steps to deal with a three-digit-per-barrel oil world. American Airlines, generally considered the best-run and healthiest U.S. airline, announced on May 21, 2008 that it was cutting 12 percent of its capacity and reducing its workforce due to high oil prices (which account for 40 percent of its cost structure). The rest of the industry is certain to follow with similar cutbacks.
The U.S. airline industry was partially nationalized after 9/11; $100-plus per barrel oil likely will complete the job, because it will send 100 percent of the carriers into bankruptcy within a couple of years.
The trucking industry also is suffering from high prices for diesel fuel and undoubtedly will see several companies forced into bankruptcy in the coming months.
Other large consumer-oriented companies in the United States are feeling the pain. The big three automakers are quickly becoming the three blind mice, suffering as they continue to do from outmoded business plans, archaic cost structures and the fact that the world has passed them by. Never have their business models based on unionized labor and gas-guzzling vehicles looked worse than at present. Higher steel prices are also buffeting them.
Ford announced in late May that it no longer believed it would be profitable in 2009 and its continued reliance on selling trucks in a world of $100-plus oil was resulting in sharply lower sales (that the company appeared to be surprised by this news suggests that the company needs new leadership). Ford said it expects to produce 120,000 to 150,000 fewer trucks and SUVs in the third quarter of 2008 than a year earlier, and 60,000 to 100,000 fewer in the fourth quarter of this year than last year.5
The only logical inference to be made from this data was that the industry is going to begin shutting down plants in the near future. Sure enough, just a few days later, General Motors made just such an announcement. 6
For GM, three years of restructuring and tens of billions in losses have done little to solve its problems. In early June, the company announced that it will shutter four truck plants and possibly sell its Hummer brand.7 This announcement was an acknowledgement that GM's 2005 big bet on trucks was a monumental blunder. Indeed, GM management's belief that the future of the auto industry lay in continued demand for gas-guzzling trucks and SUVs may go down as one of the greatest management miscalculations in recent business history.
There is no place to hide for the auto companies— and for those who thought they'd profit from the automakers' problems. In an irony of ironies, GM was thought to be selling its crown jewel when it parted with a majority stake in GMAC to private equity firm Cerberus Capital Management, L.P. in a 2007 transaction. Instead, Cerberus is scrambling to keep GMAC afloat under the albatross of its mortgage business, Residential Capital, LLC (ResCap), which has borne the full brunt of the housing collapse. In early June, ResCap received a combined $1.4 billion capital infusion from its owners GMAC and Cerberus. These funds were needed to plug a funding gap that had grown from $600 million to $2 billion in a matter of weeks—after the company found itself unable to complete asset sales and suffered losses on certain hedges. ResCap needed the funds to meet operating expenses and maintain the cash reserves lenders require for future borrowings.
Cerberus also purchased Chrysler and Chrysler Finance from Daimler A.G. Now, it's trying to figure out how to keep that failed automobile and finance company complex from going under. Chrysler is a disaster unto itself. It has three North American plants producing full-size pickup trucks, but last year sold only 358,000, or less than two plants' worth.8 Private equity may come to rename the entire automobile industry "Waterloo" before long.
The damage spread to other industries. The retailing business is suffering from the all-too-predictable effects of a struggling consumer. The year began with a series of small retailers throwing in the towel and filing Chapter 11, including several furniture retailers (Bombay, Levitz, Domain and Wickes,) as well as Sharper Image, Fortunoff, Harvey Electronics and catalog retailer Lillian Vernon. A larger casualty, Linens & Things, joined the scrap heap in May after struggling from virtually the day it went private to sell more of what nobody wanted. A number of other retailers that were bought up by private equity firms in recent years, including Claire's Stores, are experiencing serious strain and could join the list of casualties before the end of 2009. Sears Holding Corp., the largest U.S. department store chain, continued its terrible performance when it announced a first quarter loss at the end of May. Same-store-sales at Sears dropped a sharp 8.6 percent, with Sears stores seeing a 9.8 percent plunge and Kmart locations suffering a slightly smaller 7.1 percent decline.9 Increasingly, it's apparent that Sears and Kmart are yesterday's retailers and that the companies' management is running out of ideas to revive the chains.
Yet, inexplicably, bank lenders and bondholders continue to extend credit to leveraged buyouts in the retailing industry, especially at high multiples of cash flow. Fool me once, shame on you. Fool me twice, shame on me. Fool me multiple times, it's time for me to find a new profession.
The Second Half
So where do we go from here? The first half of 2008 could have been a lot worse had the Federal Reserve not stepped up its interest rate cuts and engaged in some creative liquidity creation. Moreover, the world was fortunate that non-U.S. economic growth remained strong (as we predicted in January 2008) and that certain sectors, such as energy and infrastructure spending, were robust.
The second half will not be notably different in those respects. The Federal Reserve is undoubtedly finished lowering interest rates; there is little more than can be done in this respect given the weak dollar and rising inflation.
Unfortunately, the mortgage market has not responded in the traditional manner to the Federal Reserve's sharp interest rate reductions. Mortgage rates have not dropped significantly, which in turn has not eased housing affordability. As a result, lenders (with a push from the government) have been working with some borrowers to keep them in their houses. But the U.S. landscape is littered with deserted homes that are expensive for lenders to maintain and whose physical condition is deteriorating.
It is going to take years for the housing economy to recover from this downturn, and it is hardly evident that this sector has hit bottom yet. The Office of Federal Housing Oversight reported that U.S. house prices dropped 3.1 percent in the first quarter of 2008 compared with the first quarter of 2007. Prices for previously owned single-family homes fell in 43 states, with values in California and Nevada seeing sharp 8 percent drops.10 Until there are genuine signs that the bottom has been reached, buyers are not going to start crawling out of the woodwork in sufficient numbers to turn things around.
In terms of the stock market, one place to invest remains the energy complex, which will continue to experience strong profits due to the growing demand for energy outside the United States. The energy complex includes not only companies in the oil and gas sector directly, but also the many companies that manufacture products and technology that oil and gas producers need to get oil out of the ground.
Alternative fuels are going to attract a lot of attention with oil prices at their current levels. But buyer beware: Investors will have to be careful to avoid overhyped stocks in this sector as well as the obsolescence risks that are always associated with new technologies. We are going to hear a lot about wind power in the coming months, and we can expect to see initial public offerings (IPOs) of companies in this sector come to market. Investors should be especially wary of these stocks, which have the word "bubble" written all over them.
One of the few attractive asset classes is the leveraged loan market, which has been collaterally damaged by the devastation in the mortgage markets. Readers familiar with the financial markets will know that the market for collateralized loan obligations (CLOs) was virtually closed down in 2008, as buyers of the investment grade rated paper that fund these entities fled the market due to losses suffered in mortgage securities. Most of these buyers were the structured investment vehicles (SIVs) that were egregiously leveraged and began imploding in the summer of 2007. The SIVs represented by most accounts more than half of the ultimate demand for bank loans, because they were the purchasers of the equity and mezzanine tranches of the CLOs that were the largest buyers of bank loans.11
As a result of the SIVs' disappearance from the market, bank loan prices began plunging at the end of 2007. As of May 2008, bank loan prices were still depressed, with many healthy loans trading in the 85 percent to 90 percent of par range. Many of these loans pay interest at a floating rate of the London interbank offered rate (LIBOR) plus 225 to 400 basis points and produce an attractive return if they are capable of generating sufficient cash flow to be retired within three to four years. Many of these loans are secured by inventory and receivables as well as by plant, property and equipment (as distinguished from second lien loans or so-called "assetlite" loans) and therefore provide strong recoveries in the event of default. In a trillion dollar market, there are many opportunities to buy such loans issued by large capitalization companies with a low risk of default. In the hands of an experienced investment manager, bank loans remain ripe for attractive risk-adjusted returns even in a market as difficult as today's.
As always, high-yield bonds should be avoided at all costs. At best, they are short candidates in the hands of an experienced manager (don't try this at home!) Even though spreads on these bonds have widened significantly, to more than 700 basis points from their absurdly tight levels of barely over 200 basis points in early 2007, they remain insufficient to compensate investors for the risks of owning what are essentially equity securities in disguise. Also to be avoided are second lien bank loans, which are nothing other than high-yield bonds in disguise. The markets are recovering from the biggest borrowing party in history, but we are still in the early hours of the hangover.
The dollar will remain an important focus for the rest of the year (and thereafter). The real long-term dollar play, as I argued in January, is against a basket of South Asian currencies: the Singapore dollar, Hong Kong dollar, Taiwanese dollar, Thai baht, Vietnamese dollar, and then of course the Chinese remnimbi and Indian rupee.
The depreciation of the dollar against the Euro since the beginning of the year has been significant but will likely slow. After all, Europe suffers from even greater structural economic problems than the United States. But none of these Asian currencies has appreciated even 40 percent against the U.S. dollar since 2002, while the Euro has almost doubled. It is important that investors consider diversifying their currency exposure outside the U.S. dollar as long as the U.S. government and political and intellectual leaders continue to pursue policies that can only bankrupt the long-term future of America.
And that is really the problem.
Wake Up!
Politicians, regulators and influential business leaders are fiddling while Rome burns. The recent regulatory reforms proposed by Treasury Secretary Henry Paulson were completely inadequate to address the problems that led to the current crisis. It does not take a rocket scientist to understand that allowing investment banks to leverage themselves 30-to-1 is going to lead to more near-death experiences for the markets like the collapse of Bear Stearns Companies Inc. Bear Stearns was not rescued because it was too big to fail; it was rescued because it was too interconnected (through a massive web of derivative contracts that nobody can measure with any accuracy) to other financial institutions to fail. The only certainty is that a bankruptcy of Bear Stearns would have led to the collapse of many hedge funds and other financial counterparties of the firm that would not have been able to accurately value or liquefy their positions at the failed firm.
But the leverage of investment banks is something that can be policed through intelligent and balanced regulation. Another type of financial institution that should have been better policed were the structured investment vehicles that were leveraged as much as 100- to-1. These entities never should have been allowed to exist in the first place and should be outlawed immediately (although the odds of them returning to life are about as great as those of Dracula becoming undead).
It is a sad commentary on America's regulatory regime that politicians, regulators and prosecutors were patting themselves on the back for outlawing the types of off-balance sheet financings in which Enron engaged while completely ignoring the much larger, more highly leveraged and more systemically threatening SIVs.
Hedge funds that continue to engage in excessive leveraging are a different story because they are not as susceptible to regulation. Instead, it is up to prime brokers to limit the leverage they extend to these funds and for investors such as funds-of-funds to wake up and properly educate themselves about their investments. Three of the highest profile hedge fund failures over the past year—Sowood Capital Management, L.P., Peloton Partners LLP and Carlyle Capital Corp.—each employed leverage of at least 15 times.
It boggles the mind that supposedly sophisticated investors continue to hand over their hard-earned money to highly leveraged strategies (which in virtually all cases investors don't understand) in the wake of so much evidence that such funds' risk-adjusted returns are at best mediocre and that the funds themselves implode so readily in volatile markets.
It's also puzzling that prime brokers still extend so much credit to such strategies in view of their proclivity for blowing up.
The point is that sensible regulation can enhance systemic stability. So why is Wall Street so lacking in adult supervision?
Answer: the so-called adults are compensated for doing well—not for doing good.
And therein lies the deep-seated problem that will haunt our markets until bolder voices are willing to speak out and take action. Adam Smith is best known for writing the bible of capitalism, The Wealth of Nations (1776). But two decades earlier, he wrote an arguably more important book, The Theory of Moral Sentiments (1759). There is a wonderful quotation from this earlier work that captures what is at the heart of much of the misguided thinking that has led America into its current unease: "This disposition to admire, and almost to worship, the rich and the powerful, and to despise, or, at least, to neglect, persons of poor and mean condition, though necessary both to establish and to maintain the distinction of ranks and the order of society, is, at the same time, the great and most universal cause of the corruption of our moral sentiments."
Today, the economic landscape is lit up with the self-satisfied smiles of private equity moguls and hedge fund titans who have taken more than their fair share of the economic spoils—without returning a commensurate amount back to society and the economy. Too much intellectual capital is being spent on speculative investment activities instead of activities that would contribute to the economic, scientific, creative and humanitarian capital of the world.
Our economic problems originate in a paucity of moral education. It is time to correct that omission before it is too late.
- Karl Polanyi, The Great Transformation: The Political and Economic Origins of Our Time (Beacon Press: Boston, 1957), at p. 238.
- George Soros, The New Paradigm for Financial Markets (New York: Public Affairs, 2008), at p. vii.
- Michael E. Lewitt, "Credit Meltdown," Trusts & Estates, January 2008, at p. 42.
- The "peak oil" thesis says that petroleum production around the world has hit its maximum output and is entering a period of permanent decline.
- Matthew Dolan, John D. Stoll, and Neal E. Boudette, "Ford Stumble Signals Rising Risks," Wall Street Journal, May 23, 2008.
- Jeff Green and Bill Koenig, "GM to Close Four Truck Plants, Shift Output to Cars," Bloomberg News, June 3, 2008, www.bloomberg.com.
- Ibid.
- Matthew Dolan, John D. Stoll, and Neal E. Boudette, supra at note 5.
- Lauren Coleman-Lochner, "Sears Unexpectedly Posts Loss as Shoppers Spend Less," Bloomberg News, May 29, 2008, www.bloomberg.com.
- Bob Ivry and Kathleen M. Howley, "Home Prices Tumble 3.1% in First Quarter, Ofheo Says," Bloomberg News, May 22, 2008, www.bloomberg.com.
- Full disclosure: my firm manages collateralized loan obligations and bank loans. This is because we view bank loans as the most attractive sector of the corporate credit markets, for the reasons stated in this article.
Michael E. Lewitt is president of Hegemony Capital Management, Inc. in Boca Raton, Fla.


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Burckhardt Compression Holding AG (BCHN) gained the most in seven months after the Swiss compressor maker said new order growth may exceed 10 percent this year.
The stock rose as much as 11 percent, the biggest intraday gain since Oct. 19. The shares traded 9.5 percent higher at 231.9 Swiss francs at 12:59 p.m. in Zurich.
Sales will be "substantially" higher in the 12 months through March 2013 as the Winterthur-based company clears a backlog of contracts, Chief Executive Officer Marcel Pawlicek said at a presentation. New orders will probably rise in a "high single-digit to double digit" range, he said. Net income rose 12 percent to 50.5 million francs ($52 million) in the past fiscal year at the company, which sells compressors to Exxon Mobil Corp. (XOM:US), Royal Dutch Shell Plc (RDSA) and China Petroleum & Chemical Corp. (600028)
Burckhardt gave discounts to gain more orders to offset the stronger franc, which gained 16 percent against the euro in the past two years. That will lead to a "somewhat lower" operating profit margin this year, the company said.
New refinery projects in Asia and the increasing use of natural gas are driving demand for compressors, Pawlicek said. Burckhardt is the world's second-largest maker of reciprocating compressors for the oil and gas industries after Dresser-Rand Group Inc. (DRC:US) in the U.S., Pawlicek said, adding that the top four companies share as much as 70 percent of the market.
To contact the reporter on this story: Patrick Winters in Zurich at firstname.lastname@example.com
To contact the editor responsible for this story: Benedikt Kammel at firstname.lastname@example.com


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Stimulants and insomnia?
Find a Conversation
|Thu, 12-03-2009 - 1:33pm
Get your own Family Sticker Maker & MySpace Layouts.
|Thu, 12-03-2009 - 3:15pm
It's a common side effect. Try Melatonin? Just a tiny bit, 1/2 of a 300 mcg pill( 1/3 of 1 mg) works for DD quite well.
|Thu, 12-03-2009 - 6:02pm
Also - try giving the pill earlier - sleep is always an issue - many times it works itself out - I experienced both - it just depends on how the kid handles each drug.
They all metabolize different
|Sun, 12-06-2009 - 1:30am
We had the same problem with Adderall XR. She took it before 9, but was awake until 11:30 every night. The doctor prescribed Clonidine for bedtime. It is also an ADHD drug, non-stimulant, helps her to sleep. However, our better resolution was to change to med that was not XR. The Adderall was making her "flat". We are now on a 4 hour ritalin generic. Her affect is normal, and usually, she is able to fall asleep normally.
With extended release, the drug starts to leave the system at 7 hours, so its peak is 7 hours after you take it (http://www.rxlist.com/adderall-xr-capsules-drug.htm). If you look at the chart on the website, they have meds in their system for over 24 hours. Now, why a doc would think they shouldn't have problems sleeping when the kids have as much of the meds in their system at 16 hours as they do at 4 hours is beyond me.
Anyhow, your mommy gut is giving you good information. Keep asking questions until you are satisfied with the answers.
|Sun, 12-06-2009 - 1:08pm


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Feeling stuck & don't know how to deal with situation(12 Posts)
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83,582 views by MedicalTraveler > Dental Travel Guides more info
Hollywood's 10 Best Smiles
What's it take to make it in Hollywood? Looking at these celebs, one might say a beaming smile! Hollywood always leads beauty trends, and has made whiter-than-white teeth a popular norm, but the addition of healthy gums, straight teeth and a positive attitude help these celebs top our "Best Smiles" list.
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- 1Who can resist that mega-watt smile? The ever-handsome Cruise wasn't always so perfect, however! Nearly 10 years ago he turned to braces to help straighten his grin. Need braces? Learn where you can get braces you can afford. http://patients.nuehealth.com/dental
- 2this pretty woman may be best know for her trademark smile and laugh. Looking for a smile like Julia's? Chat with us about a smile makeover: 866-978-2573.
- 3The handsome young Twilight star knows how to put his best face forward! Taylor's winning smile could be your too...with a little help. Veneers and crowns can dramatically change the appearance of your smile. Visit http://patients.nuehealth.com/dental.
- 4Rachel is constantly changing her look- shifting from blond to brunette to red head as needed. The one thing that doesn't change is her radiant, healthy-looking smile! To get the same look, try teeth-whitening. Call Leslie at 877-505-5303 x 119 for your quote.
- 5Could you imagine a real president with a smile like Blair's? The Event star has looked conistetnly sexy over the years, charming his fans with his warm smile. Does your smile need an update? Consider making a change: http://www.slideshare.net/HealthTravelGuide/about-dental-veneers
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2010 America's Magnificent Carpet Awards Announced at Area Rug Market
The winners in handmade rugs were: in the $0 to $12 per-square-foot category, Loloi Rugs; $12.01 to $23, Neman Intl.; $23.01 to $35, Authentic Looms; $35.01 to $46, Amici Imports; $46.01 to $56, Kalaty Rug Corp.; $56.01 to $65, Shalom Brothers; and $65 and up, Ariana Rugs.
For power-loomed rugs, Marcella Fine Rugs won in the $0 to $200 per square foot category; Couristan in the $200 to $400 per square foot category; Colonial Mills in the $400 to $1,000-square-foot category; and Nourison in the $1,000-per-square-foot and above category.
Renaissance Carpet & Tapestries won the contemporary rug award, and Chaman Antique Rug Gallery took the antique category. The Buyer's Choice Award went to Capa Imports.
Visual display awards also went out to the best showroom on each of the four area rug floors in Building 1: for the third floor, Rizzy Rugs was the winner; for the fourth floor, Caravan; for the fifth floor, Chandra; and for the sixth floor, Dalyn.
The awards are exclusively sponsored by Architectural Digest.


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On 06/09/2011 02:01 PM, Ralf Mardorf wrote:
Ralf, What I find truly amazing: It takes you on average less that 1
email to get off-topic from the subject. Come on! Tou're one of the very
few on this list to write about personal issues or take things personally.
Individual character, personal influence and style is a nice icing on
the cake (das i-Tüpfelchen); but you do really succeed to write all your
emails in a way so that they are not about Linux-Audio but about
Ralf-Mardorf. This email is a prime example: Go and write a blog!
X11/stroboscope effects, German TV.. whatever has nothing to do with
linux-audio nor with real-time preempt kernels. - sure getting
side-tracked a bit with some off-topic emails is interesting and fun,
but this reply of yours is IMHO [yet again] one too much (and neither
interesting nor fun).
Apparently you either did not read it or it has not sunken in; so let me
again point you to http://www.catb.org/~esr/faqs/smart-questions.html
robin root.
PS. Sorry if this may seem a bit rude; but it's not the first time nor
the second or third time we went down this road; so I don't feel bad
posting it to the list.
PPS. How's you qjackctl/jack setup doing?
Linux-audio-user mailing list
LINUX® is a registered trademark of Linus Torvalds in the USA and other countries.
Linuxaudio.org logo copyright Thorsten Wilms © 2006.
Hosting provided by the Virginia Tech Department of Music and DISIS.


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Jennifer Lawrence takes some jabs at her fellow best actress nominees during her Saturday Night Live opening monologue, best actor contender Hugh Jackman shows up on Letterman as a singing Lincoln, Bradley Cooper shocks Ellen DeGeneres with his multiple nipples, and more! The Oscar nominees have been causing a ruckus on the talk-show scene during award season, so we're bringing you the top five most hilarious moments from late night and daytime.
Download the TV Guide app for iPhone, iPad and Android!


text:
So it turns out it was nearly 16 hours in the van with stops (and we drove straight through), but we are in New Hampshire and we are on vacation at long last. We have the 6 of us, our very old doggie Mandy, and Katie's beau Danny. The water in the lake is great thanks to that heat wave they just endured. It is so good to be out of the car if I haven't mentioned that!
So we will be here all week. We didn't have WI-FI here in 2009, but it's up now so you'll hear from me more than I thought.
What are you doing this week?


text:
Bill Barrett Corporation Provides An Update Of Fire At West Tavaputs Compressor Station
The Company will provide additional information, including the estimated timing of future production, as it becomes available.
This press release contains forward-looking statements, including statements regarding the potential property damage and loss of production related to the aforementioned incident. These forward-looking statements are based on management's judgment at the time of issuing this report and include certain risks and uncertainties. Please refer to the Company's Annual Report on Form 10-K for the year-ended December 31, 2011 filed with the SEC, and other filings including our Current Reports on Form 8-K and Quarterly Reports on Form 10-Q, for a list of certain risk factors that may affect forward-looking statements.
ABOUT BILL BARRETT CORPORATIONBill Barrett Corporation (NYSE: BBG), headquartered in Denver, Colorado, explores for and develops oil and natural gas in the Rocky Mountain region of the United States. Additional information about the Company may be found on its website www.billbarrettcorp.com. SOURCE Bill Barrett Corporation
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Dick's Sporting Goods' CEO Discusses Q2 2012 Results - Earnings Call Transcript
For Q3 2012, we now expect consolidated earnings per diluted share to increase by 13% to approximately $0.36, compared with non-GAAP consolidated earnings per diluted share of $0.32 for the same period in 2011. This is better than our previously communicated expectations of mid-single digit growth since consolidated same-store sales are expected to increase approximately 4.0% on top of a 4.1% increase for Q3 last year.
Read the rest of this transcript for free on seekingalpha.com
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Parent to Parent
A place for parents to talk about life's most challenging job
Posts filtered on Category
Reader photos: Like Father, Like Son 2014
In keeping with tradition, last week we asked SFGate readers to share their father-son look-alike photos in honor of Father's Day. We received close to 100 submissions of dads and sons (and some daughters, too!) doing the things they love the most like bike riding, playing baseball, traveling, getting goofy, sleeping — there were a […] [Read More]
Share your father-son look-alike photos
Fathers and sons often share an uncanny resemblance. It's certainly the case with Michael and Kirk Douglas. Martin and Charlie Sheen. Tom and Colin Hanks. But we think there are even better examples out there among our readers, and we'd love to share them. To celebrate Father's Day, we're inviting you to submit photographs that […] [Read More]
Bay Area dad makes son's dream come true, builds backyard roller coaster
All dads get requests to build crazy stuff from their kids: Can we build a race car? A castle with a moat and drawbridge? Why not an airplane? While most dads say no to these outlandish ideas, Will Pemble, 50, tries to say yes because he wants his children, Lyle, 10, and Ellie, 12, to […] [Read More]
Did Dad take the kids to school today?
Today is Dads Take Your Child to School Day. Oops, my daughter was on the bus at least 30 minutes before her dad was even out of bed. But what a good idea. A chance to dads to make lunch, rustle the kids out of bed and into the shower, make sure homework is packed […] [Read More]
Dad wears short shorts!
Don't you wish you'd thought of this? It's brilliant. Scott MacKintosh, concerned and embarrassed over his daughter's too-short, too-tight style of dress, decided to make a point. What if he wore Daisy Dukes shorts on a family outing. Yes, he did. Read about it here. And, though she didn't thank him for the lesson, he […] [Read More]
Don't make me turn this car around …
On Sunday, we'll remember Dad and the way he showed us how to throw our first knuckleball or always used to call us Sweetpea when we were sad. And here in adulthood, we may have noticed the "chip off the old block" thing really isn't some goofy saying. We got Dad's predisposition for heart disease […] [Read More]
How did you spend Father's Day?
I hope all the fathers out there got their ties. We spent part of Saturday with my father-in-law steaming clams (his favorite) and drinking champagne (my mother-in-law's favorite). Then yesterday, my husband gave himself the gift of playing soccer with his buddies for several hours. We had a nice dinner for him later and he […] [Read More]
You can't put a price on fatherhood, but Insurance.com can
Check out this article from the Huffington Post that talks about how fathers are worth less than mothers when it comes to value around the house. The annual "Fathers Day Index" study was issued by Insurance.com in an attempt to figure how much dads work is worth, using 13 fatherly duties to calculate the index. […] [Read More]
Winners of Hottest Dad contest
iVillage today announced the winners of its annual Hottest Dads contest. We thought you'd want to take a look. Remember one of the hot dads last year was a local dad, Heath Whitfield from Cropseyville. I couldn't help but notice there are no hot dads from the Northeast this year. There must be some mistake, […] [Read More]
Changing diapers, cooking and other things today's dads do
For this Sunday's Parent to Parent page in the Unwind section, we want to hear how you think fatherhood has changed from the days when your dad was raising you. According to my mom, My dad didn't change diapers. And as far as I remember, she did all the cooking too, unless the grill was […] [Read More]
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text:
Churchmouse Classics Patterns - Accelerating Stripes Fingerless Gloves & Cowl and Fyberspates Vivacious Patterns - Leave these to Me are both similar patterns: gloves and mittens and armwear garment and for women.
You may enjoy taking a look at the Erika Knight Vintage Wool Simple Sweater, Erika Knight Fur Wool Gilet, Erika Knight Vintage Wool Zig Zag Snood and Mittens, and Erika Knight Maxi Wool Rib Snood kits all using Erika Knight Patterns.
Hopefully our suggested yarn options for Zig Zag Snood and Mittens can help you come up with your next exciting new project idea!
If you like Erika Knight Patterns, then you may be interested in the different ways we've used them. Visit our Gift corner to see some ideas.


text:
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OpenText Appoints James Mackey As Senior Vice President Of Corporate Development
Former SAP Executive to Accelerate OpenText's Growth
WATERLOO, ON, Oct. 11, 2012 /PRNewswire/ - OpenText™ (NASDAQ: OTEX, TSX: OTC), a leading provider of Enterprise Information Management (EIM) software, today announced that industry veteran James Mackey has joined the company as Senior Vice President of Corporate Development.
In this role, Mackey will be responsible for OpenText's strategic planning and acquisitions aimed at driving the company's expansion in the global Enterprise Information Management (EIM) market, which is projected to reach $19 billion in the next four years. As a member of OpenText's Executive Leadership Team, Mackey will report directly to OpenText President and CEO, Mark J. Barrenechea.
"Jim is an exceptional addition to our executive team and I am very pleased to welcome him to OpenText," said Barrenechea. "With his proven track record of generating and executing corporate development and acquisition plans that drive growth, earnings and value creation, Jim is an ideal choice to lead Corporate Development. I look forward to his ideas and contributions at OpenText.""It is a privilege to join Mark and the OpenText team in driving the growth of EIM solutions that help customers unleash the power of their information," said Mackey. "OpenText is a clear leader in this fast growing market and I am eager to apply my experience to ensure that strategic growth initiatives extend that leadership." Mackey has spent most of his career executing highly successful corporate strategies and acquisitions that drive revenue growth. Most recently, Mackey lead corporate development efforts at SAP AG, where he developed and lead the company's global merger and acquisitions group. He was instrumental in expanding SAP's vision and footprint by investing in market-leading technologies that enabled SAP to expand into new markets. Under his leadership, SAP completed more than 40 acquisitions, including three of the largest software acquisitions in the last five years (the $5.9 billion purchase of Sybase, the $6.7 billion purchase of Business Objects and last year's $3.6 billion acquisition of SuccessFactors). An attorney and public accountant by training, Mackey has also held several positions as Corporate Legal Counsel providing advice on mergers and acquisitions and securities matters.
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Well filming is wrapped on "The Bling Ring" but it feels like we've already gotten an eyeful already. An almost endless stream of set photos have been appearing over the last few weeks but Emma Watson herself is getting in on the fun, tweeting out a new look at her in costume from the ...Read More »
Fly on the wall set photos have nearly replaced the studio publicity still entirely, and with two high-profile productions starring Emma Watson, Armie Hammer, and Johnny Depp lensing this past week, it's no wonder a number of glimpses at their characters have promptly hit the web.Read More »
Sofia Coppola has always managed to put together impressive casts for her movies, and her latest, the currently-in-production "The Bling Ring," is no exception. After casting Emma Watson, Leslie Mann and, apparently, frequent collaborator Kirsten Dunst (if recent set photos are indeed evidence of he...Read More »
After Bush frontman Gavin Rossdale was spotted on the set of Sofia Coppola's "The Bling Ring," likely playing a club-promoter cohort of the titular group of teens, set photos today reveal former Coppola muse Kirsten Dunst ("The Virgin Suicides," "Marie Antoinette") ...Read More »
With cameras now rolling on Sofia Coppola's "The Bling Ring," it seems casting is continuing as smaller roles get filled, although in this case, a pretty big name is lending his face to the movie.Read More »
While most of us on staff were far from fans of Sofia Coppola's last picture, "Somewhere" (a picture that does have its defenders, nevertheless), the filmmaker is so gifted, and has enough goodwill from her earlier pictures, that we're more than happy to follow her wherever she's going. And in the l...Read More »
Is Sofia Coppola a fan of Judd Apatow films? Man, we hope so, because if that's the case just give us a call Sofia, and we'll bring "Knocked Up" and some Orville Redenbacher.Read More »
Sofia Coppola continues to align herself with burgeoning talent, and just a day after she nabbed Emma Watson for her next film "The Bling Ring" she's picked up a fresh face to join the cast.Read More »
...and just like that, Emma Watson has quickly and boldly distanced herself from Hermione. Now that the franchise is over, the "Harry Potter" actress has been making strides to distance herself from the character she's best known for. And she's been making smart moves. She took a s...Read More »


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BMX Dirt veteran Jerry Bagley recalls his time in the spotlight at former X Games events.
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essential Waitrose plastic chopping board
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This plastic chopping board is odour and stain resistant, safe for dishwasher use and helps prevent damage to the cutting edge of knives.
Please note that whilst we take every care to ensure the product information displayed on our website is correct, product recipes are regularly changed and this may affect nutrition and allergen information therefore you should always check product labels and not rely solely on the information presented here.If you require specific advice on any Waitrose branded product, please contact Customer Support on 0800 188884 or email firstname.lastname@example.com. For all other products, please contact the manufacturer.This information is supplied for personal use only. It may not be reproduced in any way whatsoever without the prior consent of Waitrose Limited nor without due acknowledgement.


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Tree of Lifeby Enkel Dika
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Healthy juicing with Wunderjuice
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Joy, this is the line through all of Suzann Sladcik Wilson's work. Whether she is designing an original piece of jewelry for a client, introducing a student to the joy of beading and jewelry design, or purchasing top quality stones and materials, her message is about empowerment through creativity and inspiration.
For over 18 years Suzann Sladcik Wilson has been and continues to be a master in her field, with a discerning eye for color and composition. Using only the highest quality materials of Swarovski crystals, Hill Tribe silver, artisan beads and more, Suzann Sladcik Wilson creates beauty and joy in the form of earrings, necklaces, bracelets and watches. In a time when many individuals are searching for something more, Suzann Sladcik Wilson teaches all of her students how to maximize their mind, body, and spirit by using the power of jewelry design coupled with the drive of their passions to create and inspire.
As an Artist, Author, Educator, Consultant, Entrepreneur, and Philanthropist, Suzann Sladcik Wilson is as successful as she is busy. An active contributor and participant in many charities, she strives to make the world a better place for today's and our future's children.
Suzann Sladcik Wilson currently splits her time between Chicago, IL , Door County, WI and the occasional trip to Frankfurt, Germany. Her Blogs, articles and jewelry designs have appeared all over the web and in print. In her professional jewelry design career, she has been published in Bead Style Magazine, Simply Beads Magazine, Bead Trends, epatterns.com, and the books Earrings, Earrings, Earrings!, Four Seasons of Beading, and the upcoming Simple Beginnings: Beading.
Suzann Wilson was born in Chicago, Illinois. She attended Loyola University of Chicago earning her Bachelor's Degree in Education. She continues her professional knowledge of beading and jewelry making by attending the Bead and Button Show in Milwaukee, WI, subscribing and contributing to several leading beading and jewelry making magazines, and networking with several other leading designers. She also is an active designer member of the Craft and Hobby Association.
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Talkonaut (Android) 1.0.1108
Mobile IM chat and VoIP application for Android.
Main features:
- Support for basic core XMPP/Jabber standard for IM chat and Presence.
- Support for SRV domain records while connecting to third-party XMPP servers.
- Support for Google's gmail accounts.
- Support for voice calling to Google Talk and to Gmail to those with "Gmail Voice and Video" plugin installed.
- Support for IM typing notification.
- Support for our built-in MSN, Yahoo, AIM and ICQ transports both for IM chat and voice calling. Standard Jabber transports are not yet supported.
- Support for SIP both for making and receiving calls.
- Support for DTMF tones and dialing phones from dial-pad.
- Chat history is saved on SD card into /sdcard/talkonaut by default and is dynamically loadable upon opening a chat window.
- Support for avatars.
- last updated on:
- December 18th, 2009, 12:01 GMT
- file size:
- price:
- license type:
- Freeware
- developed by:
- GTalk2VoIP TEAM
- category:
- C: \ System Utilities \ Communications
Talkonaut (Android)
In a hurry? Add it to your Download Basket!
What's New in This Release:
- Support for Multi-user chat rooms (XEP-0045).
- Support for File Transfer (XEP-0047).
- Possibility to update one's own vCard and avatar.
- Camera access and photo sending.
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Pumpkin Spice Cake
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Total Time: 45 min
Prep Time: 10 min
Cook Time: 35 min
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- 1 medium egg
- 1 teaspoon(s) water, 1-2 teaspoons
- 1 can(s) pumpkin
- 1 box(es) spice cake mix
- 1 pinch(es) connamon & nutmeg
- Pre-heat oven 350 deg. Mix cake according to directions and mix in all other ingredients and pour in cake pan. Bake for 30-35 min.
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Anne Hidalgo
|Anne Hidalgo
|Mayor of Paris
|Assumed office
5 April 2014
|Preceded by
|Bertrand Delanoë
|First Deputy Mayor of Paris
|In office
18 March 2001 – 5 April 2014
|Preceded by
|Jacques Dominati
|Succeeded by
|Bruno Julliard
|Personal details
19 June 1959
San Fernando, Spain
|Political party
|Socialist Party
|Jean-Marc Germain
|Civil servant
|Roman Catholic
Anne (Ana) Hidalgo (born 19 June 1959) is a Spanish-born French politician who is the current Mayor of Paris, the first woman to hold the office.
She has been a member of the Socialist Party (PS) since 1994, previously serving as former National Secretary for Culture and Media. She was the First Deputy Mayor of Paris, under Bertrand Delanoë (March 2001–March 2014).[1] She was elected as a Councillor in 2001 for the 15th arrondissement and ran again in the French municipal elections, 2008. She was elected Mayor of Paris at the March 2014 municipal elections.
Family background and youth[edit]
Hidalgo was born at San Fernando, near Cádiz, in Andalusia, Spain. Her paternal grandfather was a Spanish Socialist who became a refugee in France after the end of the Spanish Civil War along with his wife and his four children. However, her grandparents returned to Spain some time later. Her grandmother died on the return trip whilst her grandfather was sentenced to the death penalty, although this was eventually commuted to a life sentence. Hidalgo's father was raised by his maternal grandparents. In the late 1950s, he married and had two daughters, Ana (Anne) and María (Marie). However, due to the difficult economic climate in Spain during this period, Hidalgo's parents migrated, this time as economic immigrants, to France.[2] They settled in Lyon in 1961, with their two daughters.
She grew up in Vaise, a neighborhood of Lyon, speaking Spanish with her parents and French with her sister. Her parents are now back in Spain[2] while her elder sister, Marie, manages a company in Los Angeles, California.
Hidalgo graduated with a degree in Social Work before completing a Master's of advanced studies (DEA) in Social and Trade Unionism at Paris West University Nanterre La Défense. The mother of three children, she is divorced and has remarried.
In 1982, she entered the national contest for the Labour Inspectorate, ranking 5th. In 1984, she won her first post in the Inspection du travail representing the 15th arrondissement of Paris. She retired from the civil service in July 2011, aged 52.[3]
Professional career[edit]
- 1984-1993: Inspection du travail, France
- 1993-1995: Delegation for professional training, Department of Labour, France
- 1995-1996: Mission to the International Labour Office, Geneva
- 1996-1997: Officer at the Human Resources Directorate, Compagnie générale des eaux (then Vivendi and Vivendi Universal)
Political career[edit]
Hidalgo served in three cabinets under the Jospin Government :
- From 1997 to 1998: as adviser to the cabinet office of Martine Aubry, Minister of Employment and Solidarity;
- From 1998 to 2000: as technical adviser then consultant to the cabinet office of Nicole Pery, Secretary of State for Women's Rights and Vocational Training;
- From November 2000 to May 2002: as technical adviser (and officer) to the cabinet office of Marylise Lebranchu, Minister of Justice (responsible for social relations and status of officials).
In March 2001, at the municipal elections, she led the list of the Socialist Party (PS) in the 15th arrondissement of Paris, which won 26.5% of votes in the first round then was at the second round behind the list gathered around Édouard Balladur and Mayor René Galy-Dejean. She joined the Conseil de Paris and was appointed First Deputy Mayor of Paris.
In June 2002, she was a candidate in the parliamentary elections for the 12th arrondissement of Paris, winning 29.6% of votes in the first round, but Balladur was elected with 54.2% of the vote.
In March 2004, she was elected to the Conseil régional d'Île-de-France on the list of Jean-Paul Huchon.
As part of the internal campaign for the nomination of the Socialist candidate in 2006, she publicly supported Dominique Strauss-Kahn, while remaining close to Lionel Jospin and Bertrand Delanoë. With other female leaders of the Socialist Party, she criticized the "peoplelisation" of politics, referring to the candidacy of Ségolène Royal.
In June 2007, she was a candidate at the legislative elections for the 13th arrondissement of Paris and had in the first round 28.2%, against 36.6% for the UMP candidate Jean-François Lamour, and was beaten on the second round with 56.7% for Lamour.
Political views[edit]
On 21 December 2005, in the debates on DADVSI, she took a public stand against the amendments of the Socialist Group introducing the "global licence" to download online material. On 26 December, she signed with Christophe Girard, Deputy Mayor of Paris responsible for Culture, a view published in the newspaper Le Monde defending her position on behalf of cultural diversity which would be threatened by the "global licence".[4] She was in fact defending the interests of Vivendi Universal, the music and film major which employed her a few years earlier.
On 3 January 2006, she presented with François Adibi and the Socialist Party's Culture Section a report and new recommendations "for a fair solution", rejecting both the DRM (Digital Rights Management) that the "global licence". She was later ostracised by the PS leadership which chose to defend in the National Assembly the "global licence" advocated by Patrick Bloche (Paris), Didier Mathus (Saône-et-Loire) and Christian Paul (Nièvre).
Anti-cults fight[edit]
In 2005, Hidalgo took a stand in the debate on cults in France, becoming the president of a committee of vigilance against the cults at the Council of Paris. She was especially opposed to the Church of Scientology and New Acropolis and participated in a demonstration in front of the Scientology's premises.[5][6] At that time, a map of cults in Paris, established by the Mairie de Paris and promoted by Anne Hidalgo, was controversial[7] and Hidalgo filed a complaint against person unknown v for the circulation on the internet of a leaflet signed by a "committee to support Anne Hidalgo" which requested to denounce "non-compliant behaviours".[6] Anne Hidalgo denies any link with this supposed support committee, however, her complaint was dismissed.[8]
- Commander, Order of Isabella the Catholic (2010), "in recognition of successful Spanish integration in France";[9]
- Chevalier, Ordre national de la Légion d'honneur (2012).[10]
- Commander, Order of the Polar Star (2014)[11]
- Une femme dans l'arène, published in June 2006, Le Rocher editions, co-written with Jean-Bernard Senon, preface by Bertrand Delanoë ISBN 2268059618
- Travail au bord de la crise de nerfs, published in October, 2010, co-written with Jean-Bernard Senon ISBN 2081245221
- ^ "La nouvelle vie d'Anne Hidalgo" (in French). Le Parisien. Retrieved 2009-07-23.
- ^ a b "Una gaditana en la alcaldía de París" (in Spanish). El País. 1 April 2001. Retrieved 2010-05-19.
- ^ Anne Hidalgo, 53 ans, retraitée depuis juillet 2011, Atlantico, 9 avril 2013.
- ^ Anne Hidalgo and Christophe Girard (2005-12-27). "Coup dur pour la création" (in French). Le Monde. Retrieved 2009-07-23.
- ^ "Il faut en finir avec la secte de la Scientologie" (in French). Anne Hidalgo. Archived from the original on 20 June 2009. Retrieved 2009-07-23.
- ^ a b "Manifestation contre la Scientologie" (in French). Nouvel Observateur, 11 October 2005. Retrieved 2009-07-23.
- ^ "Sectes à Paris : protestation de la Scientologie et de Nouvelle Acropole" (in French). Sectes-infos. Retrieved 2009-07-23.
- ^ "Anne Hidalgo déboutée par la 17ème Chambre correctionnelle" (in French). Coordiap. Retrieved 2009-07-23.
- ^ "Anne Hidalgo décorée par le roi d'Espagne" (in French). Le Parisien. Archived from the original on 25 August 2010. Retrieved 4 August 2010.
- ^ www.lemonde.fr
- ^ [1]
- This article incorporates information from the revision as of 2009-07-23 of the equivalent article on the French Wikipedia.
External links[edit]
|Wikimedia Commons has media related to Anne Hidalgo.
|Political offices
|Preceded by
Bertrand Delanoë
|Mayor of Paris
|Succeeded by
|Party political offices
|Preceded by
Bertrand Delanoë
|Socialist Party Nominee for Mayor of Paris
2014 (won)
|Most recent


text:
UBC researchers are about to make diamond exploration history with the
publication of evidence supporting claims that the Slave region in Canada's
Northwest Territories may hold the biggest diamond find of the century.
What is most intriguing, however, is that the research results — critical to
the diamond exploration industry — are being published, said Prof. Kelly
Russell, head of UBC's Igneous Petrology Lab.
"Our discoveries and results on the Slave mantle are new to science. The irony
is, however, that many industry labs have similar scientific results which will
never be published," he said. "Our corporate sponsor, Canamara Geological, is
remarkable in that they have provided us with valuable samples and are allowing
us to publish the results more or less immediately.
"The major corporations won't give you the rocks. They're afraid of giving up a
competitive edge. We're getting rocks that most petrologists would die for."
By analysing rock samples forced to the surface of the 2.6-billion-year-old
Slave craton — a very stable portion of the earth's crust and upper mantle –
in explosive torrents of molten rock called kimberlite, petrologist Maya
Kopylova and Russell have constructed detailed geotherms–geological profiles
of the earth's temperature with increasing depth and pressure. They are also
gaining insight into the composition of the earth's mantle in the region
beneath the Slave craton.
"We're changing the view of the Slave mantle. Rather than a homogenous region
of the deep earth, we are showing it to be diverse in composition and highly
disorganized," said Kopylova, who studied in Russia and Australia and did post
doctoral work in South Africa before coming to UBC.
Information obtained by studying kimberlite samples and their xenoliths (chips
of mantle material) suggests the kimberlite pipes in the region are
characteristic of those in which diamonds can be found.
A kimberlite pipe is formed as kimberlite magma travels rapidly, from depths as
great as 400 km, toward the earth's surface. From a depth of one or two
kilometres, the molten material explodes violently through the earth's crust,
carrying fragments of mantle rock that it has collected along the way and, in
the right conditions, possibly diamonds to the surface. The magma falls back to
earth forming a mound of rock on the surface at the top of the conical
kimberlite pipe.
The geotherms show that at least some of the kimberlite pipes in the region,
which originated between 52 and 400 million years ago, passed through depths
and conditions in which diamond deposits are formed.
In South Africa, the world leader in diamond production, kimberlite pipes can
be as large as 800 metres in diameter at the surface. In contrast, the
kimberlite pipes in the Slave craton tend to be no larger than 100 metres in
Millenniums of glaciation and erosion have worn away the upper portion of the
cone, leaving a progressively narrower portion exposed. Glaciers often carried
material from the kimberlite pipes thousands of kilometres, leaving kimberlite
debris along the way, before dumping their burdens of rock into the ocean.
The kimberlite samples Kopylova and Russell have examined came from a
kimberlite pipe known as Jericho and held by Canamara Geological, a Canadian
company that is one of several companies who have acquired land in the
Foreign rocks, pieces of the earth's mantle and crust carried to the surface
with the molten kimberlite, have provided the researchers with valuable
information. The rocks include primarily peridotite, which comprises the bulk
of the earth's mantle, eclogite, which makes up the rest of the mantle, and
limestone which provides clues as to age.
Kopylova uses the Dept. of Earth and Ocean Sciences' electron microprobe to
perform chemical analysis of the minerals from mantle xenoliths. Using her
findings, she has succeeded in mapping a "diamond window," where mantle
pressures and temperatures are right for diamond formation.
And, by comparing geotherms derived from analysis of the Jericho pipe to
geotherms from other kimberlite pipes in North America and South Africa,
Kopylova and Russell can determine whether other Canadian pipes are likely to
have visited diamond deposits, generally at about 120 km beneath the surface,
on the voyage upwards.
This information might have made the search for diamonds undertaken by Charles
Fipke somewhat easier.
Fipke, who graduated from UBC with a BSc in 1973, is credited with the initial
discovery of the diamond-rich area. Fipke spent 20 years exploring the
Northwest Territories, said Russell, before finding glacial mineral deposits
that hinted at the presence of kimberlites and possibly diamonds at their point
of origin. Using the direction of glacial flow as a guide, he then travelled
1,200 km up-ice to find the kimberlite pipes in the Slave craton region.


text:
Schulz's Peanuts Hit Big Screen On Nov. 25
October 9, 2012 9:09 PM
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MINNEAPOLIS (WCCO) – Charlie Brown is coming to the big screen.
The animated Peanuts characters, created by Minnesota-native Charles Schulz, will star in their own movie, as Schulz's son Craig and grandson, Bryan, helped write the screenplay.
The animated film doesn't have a name yet and is scheduled to hit theaters on Nov. 25.
The release coincides with the 65th anniversary of the Peanuts comic strip, and the 50th anniversary of "A Charlie Brown Christmas."