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Keynesian Confusion - John Mauldin's Outside the Box E-Letter
Released on 2012-10-15 17:00 GMT
Email-ID | 1348269 |
Date | 2010-11-02 05:35:05 |
From | email@example.com |
To | email@example.com |
image Volume 6 - Issue 45
image image November 1, 2010
image Keynesian Confusion
image image Contact John Mauldin
image image Print Version
Michael Lewitt is one of the most provocative writers I know. He
consistently gives me something to chew on with his monthly
letter. How he comes up with all those quotes (usually from
sources I have never read but should have) amazes me. He has a
unique view of the markets as he run Collateralized Debt
Obligation funds and really understand the nitty-gritty of the
bond and credit markets.
His work is subscription only, but he has graciously allowed me to
use his latest piece as this week's Outside the Box. For those
interested in subscribing, you can go to his website at
And if you haven't already voted in the US, then do so. I am
somewhat of a political junkie. My normal election night routine
is stay up watching the various news channels, "Tivoing" what I am
not watching so I can skip the commercials and watch at least
three channels. Sadly, I will be getting on a plane Tuesday late
afternoon to London so will not know what happens until I get to
my hotel. Some quick news feed and then onto the office of Variant
Perception where my co-author Jonathan Tepper and I will bury
ourselves for four days finishing the book.
Your hoping the Rangers can pull it out analyst,
John Mauldin, Editor
Outside the Box
Keynesian Confusion
by Michael E. Lewitt
"At the present moment people are unusually expectant of a more
fundamental diagnosis; more particularly eager to receive it;
eager to try it out, if it should be even plausible. But apart
from this contemporary mood, the ideas of economists and
political philosophers, both when they are right and when they
are wrong, are more powerful than is commonly understood. Indeed
the word is ruled by little else. ractical men, who believe
themselves to be quite exempt from any intellectual influences,
are usually the slave of some defunct economist. Madmen in
authority, who hear voices in the air, are distilling their
frenzy from some academic scribbler of a few years back."
John Maynard Keynes (1936)
Ironically, John Maynard Keynes himself remains by far the most
influential of the defunct economists from whom the madmen in
authority are distilling their frenzy today. Economists occupy a
world in which their theoretical musings have enormous real
world consequences. Unlike their colleagues in the hard
sciences, however, economists do not have the luxury of testing
out their theories before inflicting them on the rest of us. The
Keynesian experiment being run by governments and central banks
over the past two years is a case in point.
Keynesian policies are inflicting untold damage on the U.S. and
global economies today. Things did not have to be this way;
Keynes did not have to be misread. His antidote for slow
economic growth and high unemployment - massive doses of
government spending - was appropriate in midst of the 2007-8
financial crisis, just as it was sensible during the 1930s
global depression that Keynes was experiencing while he was
writing The General Theory. In end of world scenarios,
government spending is the last resort. But once the economy
stabilizes - even at a diminished rate of growth - Keynesian
medicine will cripple the patient if it is not withdrawn and
replaced with a healthy fiscal regimen. Unfortunately,
policymakers - in particular the current and past Chairmen of
the Federal Reserve - have shown themselves to be either
unwilling or incapable of making the transition from crisis
management to post -crisis management of monetary policy. As a
result, today's Federal Reserve is missing the second great
lesson of Keynes' work, the "paradox of thrift."
The most extended discussion of the paradox of thrift occurs in
Chapter 23 of The General Theory, which is actually part of a
series of chapters contained in Book IV entitled "Short Notes
Suggested by the General Theory." The discussion of the paradox
of thrift in this chapter is primarily devoted to a historical
survey of the idea and is relatively disjointed. Keynes'
clearest description of the concept comes much earlier in The
General Theory when he writes the following:
"The reconciliation of the identity between saving and
investment with the apparent `free-will' of the individual to
save what he chooses irrespective of what he or others may be
investing, essentially depends on saving being, like spending, a
two-sided affair. For although the amount of his own saving is
unlikely to have any significant influence on his own income,
the reactions of the amount of his consumption on the incomes of
others makes it impossible for all individuals simultaneously to
save any given sums. Every such attempt to save more by reducing
consumption will so affect incomes that the attempt necessarily
defeats itself. It is, of course, just as impossible for the
community as a whole to save less than the amount of current
investment, since the attempt to do so will necessarily raise
incomes to a level at which the sums which individuals choose to
save add up to a figure exactly equal to the amount of
In order for the fallacy of thrift to slow economic growth, the
capital that consumers and businesses are saving would normally
have to be available to recirculate in the economy through loans
or investments. This recirculation is precisely what is not
happening today, or at least not nearly at the rate necessary to
lift growth to a level that would create significant job growth.
And this is the Keynesian lesson that fiscal and monetary
policymakers appear to have forgotten as they have forged their
post-crisis strategy - rather than indiscriminately easing
monetary conditions, it is necessary to create an environment in
which savings-conscious consumers and corporations are willing
to allow their funds to recirculate.
The reason that the current recovery is below par is that the
economy is experiencing a massive paradox of thrift. A
combination of factors has led individual economic actors - both
consumers and corporations - to believe that it is in their best
individual interest to save rather to spend, to repay debt
rather than borrow. The result has been an increase in the
personal savings rate from slightly negative to approximately
6-7 percent, and a significant improvement in corporate balance
sheets (corporations are now sitting on approximately $1
trillion of cash). This has improved the financial condition of
these individual economic actors, but deprived the broader
economy of consumption and investment spending.
Unwise economic policy choices have led to the current
situation. Consumers are saving instead of spending because the
value of their homes has declined significantly, which is a
result of the pro-cyclical monetary policy and lack of
regulation that contributed to the housing debacle. Businesses
are limiting their hiring and expansion plans due to the
increasing regulatory burden being placed on them by the
government, by fears of impending tax increases, and by the
general anti-business tone coming out of Washington D.C.
Investors are fleeing the stock market because regulators don't
have the guts to stand up to Wall Street and address dangerous
practices such as the repeal of the uptick rule, naked CDS on
systemically important institutions (which allows speculators to
mount bear raids on companies such as BP plc), and flash and
algorithmic trading. The combination of all of these policy
failures has led to a massive crisis of confidence in the
American model of ca pitalism, which has become as badly
corrupted as the Japanese model that is responsible for Japan's
decades of deflation and economic paralysis. And our current
politics offers little prospect for change.
This is the landscape investors are facing as we enter one of
the most important weeks in American politics and markets in a
long time. HCM is devoting so much time to a discussion of
policy and politics because these are the forces that are
driving financial markets today. The performance of individual
companies is far less important than macroeconomic factors in
determining investment performance. The United States is on the
verge of two important events that will affect not only its own
immediate future but the future of the global economy: the
November 2 mid-term elections, and the November 3 meeting of the
Federal Reserve's Open Market Committee. The mid-term elections
are expected to produce a significant shift in power in the U.S.
Congress, with Republicans expected to regain control of the
House of Representatives, move into an unassailable blocking
position in the Senate, and make major gains at the state level
as well. The financial markets have been treati ng these two
early November dates as early Christmas presents, but the
post-holiday hangover may be brutal. Financial markets should be
careful what they wish for on November 2 and 3. Despite likely
short-term market gains, they may ultimately be staring at coal
in their stockings.
The Mid-Term Elections
The mid-term elections promise a big victory for the
Republicans, a party whose brand was so severely devalued a mere
two years ago that the media was already writing about President
Obama's second term agenda. But a Republican resurrection is
hardly likely to improve economic or social conditions; the
Republicans' rigid anti-tax, anti-regulatory agenda has
inflicted great damage on this country. The repudiation of
Congress that will occur on November 3 should be considered
bi-partisan - both parties have been abject failures. The
political process has become deeply corrupted and dysfunctional.
Returning the party to power that presided over 8 years of
budget profligacy and regulatory malpractice between 2000 and
2008 is hardly a great accomplishment; it merely promises to
temper the worst anti-business and anti-growth policies of the
Obama administration and its Congressional minions. Many believe
that political gridlock will ensue, although we would not be
surprised to see progress made on several policy fronts such as
a compromise on taxes and perhaps some marginal budget cuts (not
entitlement reform unfortunately). Those promoting a Republican
victory argue that at least things won't get worse for the
economy if the Obama agenda is stopped in its tracks, but the
economy will get worse if America's ill-advised fiscal and tax
policies remain in place.
After the election, HCM expects a dangerous outbreak of populism
that will most likely take the form of protectionist economic
measures primarily aimed at China. If this occurs, it will not
be good for the financial markets. There are already rising
pressures in Congress to take action against China, and we will
have to see if these sentiments will fade after the election.
Our expectation is that they will not. The demagogic danger is a
real one and it is growing. With more than one in eight
Americans on food stamps, new revelations about mortgage
foreclosure abuses, and the appearance on the scene of
politicians of the ilk of New York gubernatorial candidate Carl
Paladino, Delaware Senatorial candidate Christine O'Donnell, and
Ohio Congressional candidate Rich Lott, who used to spend his
spare time engaging in Nazi reenactments (with his son!) and was
actually endorsed by future House Speaker John Boehner, it is a
small leap to protectionist legislation aimed at Chi na and
other countries that can be scapegoated for America's own
failures. The way to combat China's currency policy is not
through punitive measures but through policies that improve
America's competitive economic position, a concept that is
unlikely to gain currency in today's devalued marketplace of
ideas. Instead, bad ideas are likely to gain ascendancy and
provide political cover for American politicians trying to avoid
making the tough choices needed to right the American economy.
We may not need our politicians to be nuclear scientists, but
this country isn't going to served by electing outright idiots
One day after the mid-term elections, the Open Market Committee
is expected to announce the details of its plan to engage in a
second round of quantitative easing (QE2) pursuant to which the
central bank will intervene directly in the financial markets to
purchase as much as US$1 trillion of Treasury securities. The
stated purpose of QE2 is to prevent inflation from dropping
below the Federal Reserve's target of 2 percent, which is
somehow supposed to stimulate economic growth. This ignores the
fact that record low interest rates over the past two years have
failed to do precisely that. Nonetheless, all of the Fed's
jawboning about its plans has had a significant impact on the
financial markets. The Dow Jones Industrial Average is up about
12% since Fed Chairman Ben Bernanke began hinting that further
quantitative easing was coming two months ago. Inflation
expectations have shifted sharply upward, with a recent 5-year
TIPs auction resulting in a negative real yield of -0.55 percent
(see Graph 1 below). On the other hand, the yield on 10-year and
30-year Treasuries has increased by about 30 and 40 basis
points, respectively, since the Fed announced its intentions.
Markets are heeding the history lesson that monetary policy
plays a key role in shaping post-crisis economies; the problem
thus far is that the markets aren't doing what the Fed wants
them to do. If the Fed does not play small ball with QE2,
however, we would expect rates to drop back down in the near
term. We doubt, however, that reducing already low rates is
going to stimulate much of anything other than more frustration
on the part of savers.
HCM has a hard time making a case that inflation is either a
serious or imminent threat despite the signals coming from the
market. Hedge fund star John Paulson recently told investors
that he believes that inflation will rise to the double-digits
by 2012, a forecast we find excessive in degree and timing
although not ultimately in direction (calling for higher
inflation in the future is an easy call; the tough call is
deciding when inflation will hit). There is still too much
excess capacity in too many areas of the economy - finance, real
estate, housing - to create significant near-term inflationary
pressures. The type of inflation Mr. Paulson is predicting
really speaks to a different type of scenario that would involve
a collapse of the U.S. dollar and with it the U.S. economy,
which would be consistent with reports that Mr. Paulson holds 80
percent of his considerable personal assets in gold. HCM is a
strong believer in gold and even a stronger believer i n a
dollar collapse and continuing U.S. economic weakness barring a
180 degree change in policy, but we don't see it happening as
quickly as Mr. Paulson.
Opinion among the Fed governors concerning the wisdom and
prospects for quantitative easing is hardly uniform. For
example, during an October 19 speech before the New York
Association for Business Economics, Richard W. Fisher, the
president of the Federal Reserve Bank of Dallas admitted that
"[i]n my darkest moments, I have begun to wonder if the monetary
accommodation we have already engineered might even be working
in the wrong places." St. Louis Federal Reserve Bank President
James Hoenig has been a consistent dissenter from recent Fed
decisions and in HCM's opinion is the lone voice of reason in a
sea of Keynesian insanity. Despite these doubts, the central
bank is intent on mounting another feckless attack on the
powerful deleveraging trends at work in the post-crisis world.
In a twist that must have amused the Fed's harshest critics, it
was reported that the Fed surveyed government bond dealers and
investors about their expectations of the initial size of any
new program of debt purchases and the time period over which it
would be completed. It also asked firms how often they expected
the program to be reevaluated by the Fed and to estimate its
ultimate size. Coming less than a week before the Open Market
Committee, this request is consistent with the tradition of the
Fed cow-towing to the financial markets. Former Chairman Alan
Greenspan used to rely on the wisdom of the stock market, and
declared to the world that it was a "conundrum" when interest
rates did not respond to Fed policy moves in accordance with his
ideology. Ben Bernanke's Fed doesn't even wait for the markets
to opine - it asks the markets in advance about their
expectations, presumably so the central bank will not disappoint
them and see t hem drop (God forbid!). That's one way to avoid
conundrums, but it is no way to manage monetary policy. The
markets are counting on a $1 trillion program of quantitative
easing over a reasonably short period of time; anything less
could cause a sell-off in equities. The markets, as usual, are
only focusing on the short-term and ignoring the long-term risks
created by ill-advised monetary policies. QE2 may sustain the
markets for a brief period of time, but sooner rather than later
the markets are going to have to pay the piper for the mountains
of debt and extended period of artificially low interest rates
that this policy has promulgated.
As I have written in El Mundo and spoken about at the recent
Value Investing Congress in New York, QE2 is not only unlikely
to work but is certain to contribute to future financial
instability. The financial system is already sitting on US$1
trillion of excess reserves. The reason that these reserves are
not being used to grow the economy through capital spending or
to create jobs is not that interest rates are too high. Rather,
reserves are going unutilized because of a profound lack of
confidence on the part of economic actors bred by anti-growth
image policies promoted by the Obama administration (particularly image
healthcare reform) and the threat of significantly higher taxes
(as much as US$6 trillion over the next 10 years if current
plans aren't altered. ) QE2 will do nothing to address these
factors suppressing demand for funds. QE2 is a monetary policy
tool being used to address a problem that has nothing to do with
monetary policy. As such, it is misguided and is unli kely to
work. What it will do, however, is further swell the Federal
Reserve's balance sheet and lower the value of the dollar,
neither of which will contribute to the long-term strength of
the American or global economy.
But QE2 doesn't only fail to aim at the right target
(employment); it doesn't really aim at anything at all. Instead,
QE2 basically sprays money indiscriminately into the economy
instead of targeting money at productive activities. Current
fiscal and tax policy promotes peculation at the expense of
productive growth; examples include the lax rules governing
derivatives trading and leveraged buyouts, activities that add
nothing to the productive capacity of the economy. Without
fiscal and tax policy changes designed to promote productive
growth, the excess reserves created by QE2 will end up in the
hands of speculators in the financial industry. This will
increase systemic leverage and exacerbate existing overcapacity
in unproductive areas such as finance and real estate. QE2
without fiscal and tax policy changes is simply a continuation
of the boom-and-bust regime that has dominated global financial
markets for the past three decades.
The Stock of the Fed is Dropping Quickly
The once Teflon reputation of the Federal Reserve has taken a
beating since the financial crisis, but its management of the
post-crisis environment has lifted criticism of the central bank
to a new and perhaps unprecedented level. Previously, the most
strident attacks came from the likes of Congressman Ron Paul and
other libertarians; today they are coming from respected market
figures such as Morgan Stanley economist Stephen Roach, PIMCO's
Bill Gross, and Jeremy Grantham.
Readers of this publication are well aware that HCM has long
admired the work of Morgan Stanley's Stephen Roach. Mr. Roach is
one of the more intellectually honest and outspoken central bank
critics on the scene today. On October 12, he addressed the
World Knowledge Forum in Seoul, South Korea and delivered one of
the harshest public critiques of the Federal Reserve that has
been made in many years. The primary thesis of the speech was
that policy makers have failed to learn from the policy errors
made by Japan. He writes that "it is now debatable as to whether
there was ever a clear understanding of the true Lessons of
Japan and what they might imply for macro policy management in
the modern world." This is important because "[i]n the aftermath
of the Crisis of 2009-09 - and the Great Recession it spawned -
a legacy of post-crisis debt and deleveraging is now
increasingly global in scope." The correct lesson of what has
happened to Japa n over the past two decades is not that
Japanese authorities moved with insufficient speed and
aggression to deal with credit and asset bubbles. The correct
lesson is that such bubbles must be identified earlier and
avoided in the first place.
Mr. Roach rightly criticized the Federal Reserve for failing to
spot obvious bubbles in advance (the Internet Bubble, Housing
Bubble, and Corporate Bond Bubble are three obvious examples).
But even worse, he said, is that the Federal Reserve Chairman
was leading the intellectual charge supporting the case that
these were not bubbles.
"One of the most disturbing features about each of these
episodes is that the Chairman of the Federal Reserve - steeped
in his ideological convictions that markets always know best -
led the charge in denying that they were bubbles. He argued that
the NASDAQ bubble was well supported by the productivity
renaissance of the New Economy. Housing bubbles could only be
local - never national. And the unprecedented tightening of
credit spreads was an outgrowth of stunning advances in
financial innovation."
As someone who was fortunate enough to warn in this publication
(and elsewhere) of each of these bubbles in advance, HCM
welcomes Mr. Roach's willingness to speak out about the failure
of so-called leading economists to miss such obvious imbalances.
These imbalances are what cause the types of market crashes that
wipe out years of investment performance in the blink of an eye,
or create the opportunity to profit from selling short.
Moreover, these bubbles are not that difficult to identify if
one is willing to look at the facts with an objective eye and
not be corrupted by the madness of crowds. As I wrote in The
Death of Capital:
"there are clear indicia of when asset prices are rising at
unsustainable levels....Any significant departure from long-term
valuation trends should capture the concern and attention of
central bankers and trigger a response. But the types of
deviations from the norm that occurred in the decade preceding
the crisis of 2008 were far more than mere departures from
long-term trends; they were obvious bubbles that required no
special economic knowledge to identify. Stock prices traded at a
multiple of 351x earnings on the NASDAQ Stock Exchange at their
peak on March 10, 2000; the average price/earnings multiple at
previous market peaks had been no higher than 20 before that.
The risk premium (known as spread) on Credit Suisse's High Yield
Index reached 271 basis points over Treasuries on May 31, 2007,
a record level that exceeded the historical average of 570 to
580 basis points by over 50 percent."
Unfortunately, we are again heading into dangerous territory as
a result of the Federal Reserve's ill-advised zero interest rate
policy, which is being exacerbated by an irrational fear of
disinflation that is leading to its truly hare-brained scheme to
engage in QE2. You can be sure we will do our best (as we have
in the past) to sound the warning when markets get out of hand
again. It is only a matter of when, not if, this occurs.
Mr. Roach also criticizes the Federal Reserve for failing to
take into account the fact that financial bubbles have a
devastating effect on the real economy. "A key lesson from
Japan," he said, "is for the authorities to be especially
mindful of the lethal interplay between asset and credit bubbles
and related distortions in the real economy. That lesson was
totally lost on the Federal Reserve over the past decade." In
the post-crisis environment, monetary policy is being guided by
deflation fears fed by Japan's experience that lead to policies
that are likely to exacerbate those very same deflationary
risks. Mr. Roach warns: "[t]hat could very well be the single
greatest flaw of a narrow and mechanistic inflation-targeting
policy rule - a framework that does not allow for the unintended
consequences of low nominal interest rates in spurring a steady
string of asset and credit bubbles that could well compound
deflationary risks ove r time." In other words, the Fed's narrow
mandate (or its narrow interpretation of its mandate) is leading
it to adopt policies that are exacerbating the very risks it is
seeking to mitigate.
Mr. Roach's solution is to add to the central bank's mandate a
requirement to maintain "financial stability." Such a
requirement would provide monetary authorities "with the
political cover to attack asset and credit bubbles before they
had dangerously destabilizing impacts on markets and wealth- and
credit-dependent economies." He believes such a change is
necessary because we have had "a Federal Reserve that was swayed
more by ideology than discipline, and debased by
politically-motivated fiscal authorities who have become fixated
on short-term stimulus while ignoring longer-term
considerations. In this environment, we can no longer count on
the promises of policy makers to act in accordance with the
lessons they have learned from Japan or from the Great Crisis of
2008-09." HCM would slightly modify Mr. Roach's last statement.
Policymakers have simply failed to learn the right lessons from
the 2008-09 crisis. As we ar gued above, rather than learning
from Keynes that a debt crisis should be solved with more debt,
the authorities should have better understood how the paradox of
thrift would operate in a post-crisis environment and developed
policies to deal with that phenomenon.
Bill Gross was also harshly critical of Federal Reserve policy
in his most recent Investment Outlook. In so many words, he
accused the U.S. government of running a massive Ponzi scheme,
although he softened this comment by noting that public debt
always has Ponzilike characteristics. But the Ponzi scheme
currently being run by the U.S. government is unprecedented in
size and scope. Mr. Gross argued that:
"with growth in doubt, it seems that the Fed has taken Charles
Ponzi one step further. Instead of simply paying for maturing
debt with receipts from financial sector creditors - banks,
insurance companies, surplus reserve nations and investment
managers, to name the most significant - the Fed has joined the
party itself. Rather than orchestrating the game from on high,
it has jumped into the pond with the other swimmers. One and
one-half trillion in checks were written in 2009, and trillions
more lie ahead. The Fed, in effect, is telling the markets not
to worry about our fiscal deficits, it will be the buyer of
first and perhaps last resort. There is no need - as with
Charles Ponzi - to find an increasing amount of future gullible,
they will just write the checks themselves. I ask you: Has there
ever been a Ponzi scheme so brazen?"
PIMCO is a huge holder of Treasury and other types of securities
that are likely to benefit in the short run from QE2, but Mr.
Gross correctly frets about the inevitable inflationary
consequences of this policy. Inflation, of course, could
decimate PIMCO's long bond positions when it begins to rear its
ugly head (although we assume he is hedged), so Mr. Gross is not
only making a principled argument but also to some degree
talking his book (which is his right).
Jeremy Grantham, in a Quarterly Letter entitled "Night of the
Living Fed," makes the compelling argument that debt doesn't
correlate with long-term growth rates. Debt, he writes, "is the
paper world. It is, in an important sense, not the real world."
He continues:
"In the real world, growth depends on real factors: the quality
and quantity of education, worth ethic, population profile, the
quality and quantity of existing plant and equipment, business
organization, the quality of public leadership (especially from
the Fed in the U.S.), and the quality (not quantity) of existing
regulations and the degree of enforcement. If you really want to
worry about growth, you should be concerned about sliding
education standards and an aging population. All of the real
power of debt is negative: it can gum up the works in a
liquidity/solvency crisis and freeze the economy for quite a
Mr. Grantham has long been a critic of Alan Greenspan, Ben
Bernanke and the Federal Reserve, but he could hardly contain
himself in his last quarterly letter. He provides a great deal
of fodder for the growing intellectual case against the
pro-cyclical path that monetary policy has taken under its two
most recent Chairmen.
Market Recommendations
We still expect the stock and bond markets to maintain their
strength through the end of the year, particularly in the
aftermath of a Republican victory in the mid-term elections and
the announcement of QE2. Our short-term oriented readers should
act accordingly. The corporate credit markets are paying
absolutely no attention to company quality; anything with a
decent coupon is trading up. The risk trade is clearly on.
Readers with a long-term focus should continue to accumulate
gold and limit their investments in the credit area to bank
loans (through mutual funds), BB/BBB corporate bonds, and stocks
that have lower-than-market p/e ratios and pay dividends. We
would avoid Treasuries at all costs. Lending to our government
at 2.6 percent for 10 years is a great way to become a
millionaire - if you're already a billionaire. Sooner or later,
everything being earned on the upside of this liquidity-induced
rally will be given back in spades - the only question is when.
Michael E. Lewitt
John F. Mauldin image
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How soon before setting out should the seeds be planted indoors? I'm sure this has already been asked and answered but I looked back several months and then got lazy and decided to just ask again. Thanks in advance. |
Follow-Up Postings:
Hi Wolverine - You should start onion seed about 12 weeks inside prior to setting them out. Onions are frost-tolerant so they can be set outside as long as it won't have a hard-freeze. I did some viability testing on my seeds last weekend - Copra onion seed that I received in January is still good; 18 out of 18 sprouted 11 months later. I'm a good 1.5 months early before starting onion seed inside, but I'm going to see if I can baby these onions and keep them around until April when I'll put them outside. Always seem to be doing some kind of experiment. The earlier you can get the seeds set outside, the better. That is because around June 21st is the summer solstice and after this point, onions no longer will produce their "leaves" but begin bulbing. The more "leaves" they have, the larger your bulb will be. |
Here is a link that might be useful: BsnTech Gardening Blog
The onions I planted from seed last Feb and transplanted into my Kenai, AK garden in May were still producing leaves the end of Sept when I had to finally pull them. Only a few had 'bulbed'. I'd like to plant some more from seed, but need a variety that will 'bulb' and not just go on enjoying the weather! :) |
- Posted by gladgrowing 6a (My Page) on Sun, Jan 16, 11 at 21:21
In Zone 6, i start my onions, Leeks, and Shallots anytime in Mid-January to end of February. |
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text:
The Wall Street Journal has an interview with J. Craig Venter, the biologist who mapped the human genome and whose company Synthetic Genomics last year received a sizeable commitmentfrom ExxonMobil to develop biofuels from algae.
Venter strikes an interesting balance between optimism and the reality of the many unknowns in getting algal biofuel towards being both cost-effective and scalable.
[We were interested to read the Synthetic Genomics is also working on a project with BP, although the financial details of that arrangement have not been disclosed.]
He talks about using natural or modified organisms that consume CO2 as their feedstock to create transport fuels.
The big question, of course, is when?
Mr MURRAY: When do they expect you to actually be able to deliver fuel?
DR. VENTER: Scalability is the biggest issue. There's [sic] over 200 algae companies, I think, in the U.S. alone. If we can't generate billions of gallons of fuel per year per facility, it's not going to work. But I think with the Exxon engineering team and their money, we have a chance to scale it up. Our optimistic view is on the order of a decade before you would have gasoline in your tank made from CO2.
However on the next question he concedes it's too early to know:
MR. MURRAY: If you look 20 years, 30 years down the road, how much of our fuel could come from this sort of algae?
DR. VENTER: Theoretically, all transportation fuels. There's no shortage of areas with lots of sunlight and seawater. It is going to get down to the cost equation. And it's too early to know.
Part of his optimism comes from the numerous new organisms and genes at sea, and deep below the earth.
The full interview is worth a read. For a more pessimistic view of biofuels from algae, energy blogger Robert Rapier has often turned up grim numbers in the past.
Related links:
Reviving next generation biofuels research in the US (FT Energy Source)
Biofuel from algae at a mere $33 a gallon (FT Energy Source)
BP takes a baby step in microbial biofuel (FT Energy Source)


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I love this body wash - I find many others too perfumy (i.e. Dove, Oil of Olay, Lever, etc) and can't stand the fruity ones after a couple of uses. The scent is absolutely perfect and it lathers well. My skin feels clean and not dry. My favorite shower gel!
This caught my attention while I was shopping at a drugstore in Toronto, because I have never seen it in stores back in the US. It was about $6 for 400 ml, and is supposed to be "specially formulated to respect the pH of healthy looking skin which varies naturally between 4.5 and 6.5". While I was expecting more of a orangey type of scent, this body wash is very moisturizing and I will probably repurchase again when I am back in Toronto. I'm a huge Johnson's fan and was excited to see this in the store :)


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Select () or exclude () categories to narrow your recipe search.
As you select categories, the number of matching recipes will update.
Find exactly what you're looking for with the web's most powerful recipe filtering tool.
I'm a southern cook living in LA, that's Los Angeles, not Louisiana, unfortunately.
Don't know how I developed a love for southern cooking, but since nobody around these parts does it right, I had to learn authentic southern cooking techniques on my own.
Fried Chicken for breakfeast, lunch and dinner.
I'll eat anyone's macaroni and cheese, including the boxed kind!
I adore eggs, any way they are cooked.
Not much of a sweet tooth, except for a good basic chocolate cake now and then.


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OLYMPUS (MJU) DIGITAL 500 < OLYMPUS < Digital Camera Batteries < Battery Store
Battery Store is a worldwide retailer and wholesaler whom provides all kinds of batteries and ac / dc adapters for laptop, notebook, camera, camcorder, mp3 and ipod , dvd player adapter, pda , two way radio , Cell Phone .
We're committed to deliver a OLYMPUS (MJU) DIGITAL 500 that you can rely on. (MJU) DIGITAL 500 Digital Camera Batteries at Battery-store.co.uk is up to 38% discount , buy it expediently on your location United Kingdom, the United States and Canada.


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a friend of mine who has a 22 month old female dane came out to the farm yesterday for a play date. didn't take my camera outside but even if i did, all i woulda gotten was blurry images of 4 dogs zooming!
i told bentley jazz was coming to play and to watch for her so he went to the bedroom window... we came inside and they played for a while. pea and jazz (black girl) played tug with a stuffy... ashley was more interested in sharing her couch with emily... at one point, i said something to ashley and since she couldn't see over jazz's back, she went the other route. LOL needless to say, my 3 went to bed early and snored the night away! :) |
Follow-Up Postings:
Oh, my gosh, this was so great to see.......smiling over here |
Me too! |
- Posted by bumblebeez (My Page) on Sun, Mar 20, 11 at 21:18
I love seeing new pictures of them! These are great! |
The photos are so cute, and it sounds like everyone had a nice time. Thanks for sharing! |
They're so cute! I especially love seeing Bentley watching out the window for Jazz. |
thanks, all. these dogs make me smile pretty regularly! they had such a good time and the best part is they were totally worn out by evening. jazz was here for a couple of hours and the rest of the day, my 3 were outside while i did some yard work. ahhhh fresh air and hard play makes for very tired pups! they had a boneless meal for supper saturday night 'cause i figured they'd be too tired to chew bones. :D |
- Posted by pamghatten (My Page) on Mon, Mar 21, 11 at 12:27
Great pics .... sounds like a fun day ... isn't it so nice when they get so tired from playing! |
I always enjoy seeing pics of your 'kids'. They are so beautiful and healthy looking. :) |
What wonderful dogs you have. |
- Posted by ladybugfruit (My Page) on Tue, Mar 22, 11 at 9:18
What great pictures!! Certainly put a smile on my face this morning! Thanks for sharing. Your pups ( and their visiting friend) are beautiful. |
- Posted by pamghatten (My Page) on Fri, Mar 25, 11 at 12:47
Just love the pic of ashley sleeping while sitting ... it's too funny! My Rocky likes to get me my barn boots too, after he's chewed the laces off! |
LOL, pam! pea has this thing...when people come in the house (other than me), she picks up the first thing that is handy and carries it to them and then she stands in front of them and wiggles and talks. it's like she's showing them a treasure even if that treasure happens to be the same shoe they just took off at the door! she never chews anything, just carries it around like it's a prize to end all prizes. :) thanks, everyone, for the compliments. my dogs really are my family and nothing gives me more pleasure than to take the best care of them that i can. |
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Summary: There is only one David Beckham -- and it's not always the one you read about in the newspapers and magazines or see in the movies. From humble East End London beginnings, the boy with prodigious soccer skills grew up to be one of the most gifted athletes of his generation as well as a sex symbol and fashion icon. Along the way he married Spice Girl Victoria "Posh" Adams, and together they inhabit a celebrity whirlwind of Diana-esque proportions. In Both Fe ...show moreet on the Ground, David talks candidly about the perils of fame (his wife and son were the targets of a notorious kidnapping plot and he is the subject of almost daily tabloid rumors); the struggle to balance his roles as a devoted husband and besotted father with his globetrotting existence as an international soccer star; the behind-the-scenes stories of his most memorable and heartbreaking (if only he could retake that infamous penalty kick against Portugal in Euro 2004) career moments; the controversy surrounding his first year at Real Madrid after his $41 million transfer from Manchester United, the storied English team he joined as a teenager and led for more than a decade; and, finally, his love of America, where he plans to start a soccer school and perhaps, one day, even play professionally. ...show less
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MNCAR Focus/City of Minneapolis Request for Proposal
City of Minneapolis Request for Proposal
The City of Minneapolis has published a Request for Proposal for Real Estate and Brokerages Services. Please consider submitting a proposal if your firm is available and meets the qualifications.
Proposals are due by June 19th, 2014.
Click here for the RFP and more information!


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Did it work?
Stopping in the middle is distinctly unpatriotic. - Sam the Eagle
Saw Lightning and Mater out the other day. I wasn't expecting them. Very cool
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My DH recieved a large bag of boiled(? the kind you put with sauce or butter) shrimp for Christmas. I thawed some out and he said it's really tough, so I sauted a few in butter and that helped but not much. Does anyone have any ideas how to fix them so they'll be more tender? Does this make any sense, I don't care for shrimp so am at a loss. |
Follow-Up Postings:
Sounds like maybe they were cooked too much. Not sure what you could do now. The damage might have already been done. I wonder if you could make shrimp patties (like salmon patties) try that? |
Maybe cut them up and make a bisque or chowder? Make the soup and add the already cooked shrimp to heat through. This one from soupsong.com looked good: * 1 Tablespoon butter Garnish: reserved shrimp slices, sautéed in Cognac or white wine, tarragon (or other fresh herb), and croűtons (made from thin slices of bread fried in butter until crisp and brown). In a skillet, sauté the onion, celery, and carrot (called a mirepoix) in the butter for 5 minutes, until the vegetable are soft, not brown. Add the tomato pieces and sauté for another 5 minutes. Scrape out into a bowl and reserve. In the same pan, heat the olive oil then add the whole shrimp. Cook until the shells are red and crisp--about 4-5 minutes. Scrape out of the pan and let cool. While the shrimp are cooling, heat the stock and wine in a large saucepan, add the reserved vegetables and the rice, bring to a boil, then reduce heat and, partially covered, simmer for 20 minutes. Peel the cooled shrimp, separating the shells and the meat, and toss the shells into the cooking soup. When the soup has finished cooking, puree in a blender, solids first (including the shells), then strain back into the pot. Take half of the reserved shrimp, puree them in the blender (slowly adding enough hot stock to completely emulsify them)--and pour them into the pot. Enrich the soup by whisking in the softened butter and the cream, then season to taste with salt and pepper. Let sit, for flavors to blend, until ready to serve. When ready to serve, sauté thin bread slices in butter until crisp and brown, then drain. Slice the remaining shrimp lengthwise and briefly sauté them over high heat with the Cognac or wine. Mince the tarragon or other herb finely. Ladle the soup into bowls, top with the shrimp and minced herb, and pass the croűtons separately. |
Here is a link that might be useful: A chowder recipe, too.
- Posted by alyssainca (My Page) on Mon, Mar 1, 10 at 17:22
I like the ideas your have. You could also do egg rolls or dumplings. We do fish or shrimp tacos - you could cut them up, add cabbage and sauce (my favorite is sour cream with chipotle and lemon juice) in a corn tortilla. Hope you find a way to enjoy them. |
I never have good luck with cooked and then frozen shrimp. It's either too tough or too watery. Cooking then more will only make it worse. I think you need to think of making something that uses chopped or pureed shrimp. Maybe a shrimp salad or a shrimp dip or mousse, |
Dice them up small & use for Egg Foo Young and/or Egg Rolls...see Chinese Food Help thread. There are lots of ideas there that can easily be adapted to shrimp. Sorry the shrimp were overcooked. Can't do much about it since they were a gift. If you ever purchase frozen shrimp...buy the raw & prepare yourself so you'll have some control. /tricia |
- Posted by Ellen(email@example.com) onMon, Feb 14, 11 at 13:48
I bought a bag of jumbo shrimp from the butcher. I don't know what to do. I have undercooked, over cooked and nothing works. It is a 4lb bag Jumbo shell less shrimp. Should I return them ???? |
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Heather Watson remained upbeat despite another grand slam defeat at the hands of Agnieszka Radwanska on Friday.
The 20-year-old was beaten 6-3 6-1 by the fourth seed at the Australian Open but the scoreline did not reflect the closeness of the last-32 encounter, particularly in the first set.
It was a far better performance from Watson than the rudderless 6-0 6-2 thrashing she received from the same opponent in the third-round stage at Wimbledon last year.
"I felt like I did a lot better this time and the score doesn't really show how I felt out there," she said. "I felt like I was in it and it was a lot closer.
"Last time I didn't really know what I was going to do, but this time I had a gameplan. Next time I am going to have to learn to take my opportunities better and get better at staying mentally tough and focused throughout the entire match."
Watson, who saved three match points against Ksenia Pervak in the previous round, held her own for long swathes of the contest but simply ran into a player who had to much guile and variety.
The Pole has now won all 12 of her matches in 2013 - a run which enabled her to claim the titles in Auckland and Sydney heading into the season's opening major.
Even a second-set rain delay - during which the roof on Hisense Arena was closed - could not halt Radwanska's progress as she advanced to a fourth-round clash with Ana Ivanovic, the winner of the all-Serbian tussle with Jelena Jankovic.
Despite her defeat, Watson can reflect with satisfaction on a good week Down Under - wins against Alexandra Cadantu and Pervak suggesting the 20-year-old from Guernsey is on course to remain upwardly mobile this year.
And she started well here, hitting back from 0-30 down to win the opening game.
She even had chances to claim a 3-1 first-set lead but Radwanska repelled the danger - firstly with a wide serve and secondly when Watson sent a backhand long.
Perhaps sensing the need to raise her performance level, the world number four held and then broke to move 3-2 ahead, her forehand down the line proving a particularly potent weapon.
She claimed the Watson serve once again to move 5-2 up and although Watson got one of the breaks back, Radwanska responded again to take the first set.
Watson, who is ranked number 50 in the world, may have been encouraged by Radwanska having to call the trainer to treat the little finger on her right hand but by then she had already wasted two chances to open the second set with a break.
A missed smash on the first was especially costly but there was nothing she could do but admire the audacity of the drop shot from Radwanska which saved the second.
The injury was to prove nothing more than a minor distraction for the 23-year-old from Krakow.
By now going through her full repertoire, Radwanska was dominant although Watson showed admirable resolve never to give up on the contest.
Watson got on the board in the sixth game but it merely delayed the inevitable as the title contender served it out.
In trying to find positives, Watson was pleased she was not overpowered.
With big-hitting all the rage in the women's game, Radwanska's old-fashioned style - which is not dissimilar to Watson's - has taken her into the top four of the world.
Watson added: "I think it's great that she's got to the top playing such a different game.
"And it's quite refreshing because lots of the girls just want to hit one or two shots, big serve, smack a return.
"It makes it more interesting to play and to watch somebody who builds a point and works a point."
British hopes in the women's draw now rest with Laura Robson, who enjoyed a stunning 11-9 final-set triumph over Petra Kvitova on Thursday. Robson will meet another rising star, American Sloane Stephens, on Saturday.


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Keiths on Cambridge is very versatile, whether you are in the mood for a casual drink and some food to share, or a romantic evening of self-indulgence. The Manly venue, with a perfect view of the harbour, has changed hands more than most, but its new look combined with the experience of the new team should see that put to an end.
* Please note: Where price range is displayed these rates are indicative based on the minimum and maximum available costs of listed products and services. To obtain a firm price from the provider, please use the contact the operator . All prices are quoted in Australian dollars.


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from The Open University
Alternatively you can skip the navigation by pressing 'Enter'.
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- Sunday 20:00, BBC Radio 4, More or Less
- Sunday 20:00, BBC Radio 4, More or Less - Conservative job creation, unhappy workers and teenage pregnancy
- Monday 00:15, BBC Radio 4, OU on the BBC: Thinking Allowed
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Introduction to the context of accounting
Revenue, profit and loss, balance sheets – are these accounting terms that intimidate...
Revenue, profit and loss, balance sheets – are these accounting terms that intimidate you? This unit will help you to understand the very basics of accounting, from its historical beginnings to the objectives of modern day accountants. You will learn how an accountant in business balances conflicting demands to maximise market share and profit.
By the end of this unit, you should be able to:
- describe accounting's primary objective;
- explain what is meant by inputs to and outputs from the accounting information system;
- explain the relationship between data, data processing, data summarisation and information;
- explain the difference between data and information;
- describe the five main characteristics of 'good' information;
- explain the link between accounting information and organisational objectives;
- describe how to find relevant information on the internet.
- Duration 4 hours
- Updated Monday 6th June 2011
- Advanced level
- Posted under Accounting and Finance
Introduction to the context of accounting
Through a series of activities and practical examples, this unit provides a broad overview of the field of accounting, including: its origins and objectives, the nature of accounting information and accounting information systems, and accountancy's role in helping organisations meet their objectives.
This material is from our archive and is an adapted extract from Certificate in accounting (B680) which is no longer taught by The Open University. If you want to study formally with us, you may wish to explore other courses we offer in this subject area [Tip: hold Ctrl and click a link to open it in a new tab. (Hide tip)] .
Archive content
This is an extract from an Open University course which is no longer available to new students. If you found this interesting you could explore more free Accounting and Finance course units or view the range of currently available OU Accounting and Finance courses.


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SINGLE FAMILY HOME: 4 bed, 1.5 full bath. Classic Bench Home on a huge lot. This well maintained home is a Gem. Master Bedroom on the Main Le More info |
SINGLE FAMILY HOME: 3 bed, 2 full bath. Rare fine in beautiful Riverside Village. Cul-de-sac street. Walking path right to the Greenbelt at More info |
MOBILE-MANUFACTURED HOME: 3 bed, 2 full bath. Nice mobile home located in a 55+ Community. This home has a breakfast bar dishwasher, refrigerator More info |
BUILDING LOT: . Brand New Phase of 18 View lots are now available for reservation! Stunning city and mountain views More info |
BUILDING LOT: . Nestled on a gentle, sloping hillside under Table Rock, this delightful estate lot offers breathtak More info |
SINGLE FAMILY HOME: 5 bed, 3.5 full bath. Incredible custom home in desirable community with room for everyone! Large bedrooms, including an More info |
SINGLE FAMILY HOME: 3 bed, 2 full bath. Central location, close in to the city, room to roam. Bring all your big toys. RV Parking. Nearly 1 More info |
CONDOMINIUM UNIT: 2 bed, 1 full bath. PC3222 Reservations now being taken on 'The River Edition' condominiums at The Waterfront District. More info |
SINGLE FAMILY HOME: 3 bed, 2 full bath. This beautiful home has been upgraded in all the right ways with granite counters, updated back spl More info |
MULTI-FAMILY HOME: 1 bed, 3 full bath. This house makes an outstanding investment property! Central Boise location with 4 bedrooms and 2. More info |


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Look at this field now! As the forest matures, it is expected to trap an estimated 260,500 metric tons of carbon dioxide from the atmosphere, which is equivalent to taking approximately 47,000 cars off the road. Not bad! If you would like to participate in Go Zero's voluntary offset program, calculate your carbon footprint now!
Photo by The Conservation Fund


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Annual Picnic - Philippe Park, Safety Harbor3/2/2014Join the Suncoast Sierra Club in this annual cookout bike ride and picnic. This is a good way to meet fellow members, people who love outdoor adventures and local leaders. Enjoy the great outdoors at this beautiful Pinellas County park. We will be at Shelter 5 which is near the main entrance of Phillippe Park on the right hand side. Join us at noon. We'll provide hotdogs, hamburgers, soft drinks and you provide side dishes such as salads, snacks and desserts. Reservations are appreciated so we can purchase enough food, please tell us you are coming by RSVPing to this meet up. This event is open to members and non-members alike, so bring a friend!You can rsvp for the event on meetup here: http://www.meetup.com/Sierra-Club-Groups-of-the-Greater-Tampa-Bay-Florida-Area/events/165207042/If you want to join the Bike Ride, it starts at 10:30 - see information in the Bike Ride Meet UP! http://www.meetup.com/Sierra-Club-Groups-of-the-Greater-Tampa-Bay-Florida-Area/events/165206602/ |
© 2005 Sierra Club Florida Tampa Bay Group |


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Creating an account with Tribecafilm.com gives you access to more features and services, like our weekly newsletter and other special features just for the film community.
A new generation of artists and hackers is emerging and creating tools for poetic and socially engaged experiments in art, storytelling, and technology. 3D- scanned conversations from this community form a network of ideas explored in a non-linear documentary that is assembled from code, bringing form and content together in a truly exciting way. Clouds will be presented as both an interactive installation and in virtual reality on the Oculus Rift.
When tickets for a screening or event are no longer available, they will be listed as RUSH. The Rush system functions as a stand-by line that will form at the venue approximately 45 minutes prior to scheduled start time. Admittance is based on availability and will begin 15 minutes prior to program start time. Rush Tickets are the same price as advance tickets payable upon entry. There is a limit of one Rush Ticket per person.


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On the definition and analysis of Process Performance Indicators
Antonio Ruiz Cortés, University of Sevilla
Sala Seminari DEI
December 12th, 2011
at 2.30 p.m.
It is increasingly important to evaluate the performance of business processes. A key instrument to carry out this evaluation is by means of Process Performance Indicators (PPIs) as suggested in many methodologies and frameworks like, for instance, COBIT, ITIL or EFQM.
As a consequence, it is convenient to integrate the management of PPIs into the whole business process lifecycle from its design to its evaluation. In this seminar, we focus on the definition and automated analysis of PPIs as a necessary step to achieve that integration.
Unfortunately, current proposals are not able to specify several usual types of PPIs, specially those related to data, and are not well designed to enable the automated analysis of PPIs at design-time. An ontology for the definition of process performance indicators that overcomes this issue will be introduced.
Barbara Pernici
Research area:
Information Systems


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Welcome to the Diablo Valley Camera Club!
Please join us ...
We meet on the 2nd and 4th Wednesdays of the month.
Pilgrim Hall at The First Congregational Church, 1229 Court Street, Martinez.
Our meetings begin at 7:00pm.
All levels of ability are welcome.
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He was born on June 5, 1952, in Winnsboro, S.C.
He was a son of the late Luther and Mary Yates. He lived the majority of his adult life in Florida, but had relocated to make the Etowah and Benton area his home the past 12 years.
He worked as an electrician and HVAC contractor. He loved music and was an honest and true friend to all he met.
In addition to his parents, he was preceded in death by one brother, Kenneth Yates.
He leaves behind to cherish his memory two daughters: Wendy Yates of Calhoun and Sally Hill (Josh) of Cleveland: two sons: Luther C. Yates III (Tammy) of Calhoun and Ben Yates (Amanda) of Charleston; four sisters: Linda Thompson (Stacy) of Chester, S.C., Ronda Lee Wright of Shippensburg, Pa., Wanda Ellis (Ray) and Tammie Haney (Terry), both from Winnsboro, S.C.; two brothers: Warren Yates and Wayne Yates, both from Winnsboro; six grandchildren; a special friend, Ralph Franks; his beloved dog, "Jobe"; and several other extended family members and friends.
A memorial service will be held at 6 p.m. Friday Nov. 30, 2012, at Benton Church of God, 587 Clemmer Ferry Road, Benton, with Pastor Jerry Herron officiating.
The family will receive friends from 5 to 6 p.m. Friday prior to the service time.
You are encouraged to share a memory of Coleman and/or your personal condolences with his family by visiting his memorial Web page and guest book at www.companionfunerals.com.
Companion Funeral & Cremation Service is honored to assist the Yates family with these arrangements.


text: Jennifer Nedeau is a communications and marketing expert with nearly a decade of experience working with the media, non-profits, political and corporate clients. She is passionate about politics, technology, women's rights and media. She has a diverse background that is focused on bringing innovation, leadership and positive change to the industries she works with. Click here to learn more.


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The UK's fastest-growing regional news network
See the full forecast for your area.
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Home Canterbury News Article
A group calling itself the New IRA has claimed it was behind devices sent to two Army recruitment centres in Kent.
Scotland Yard today said a codeword recognised with the dissident Republican group was used to claim responsibility for a string of crude but potentially explosive packages delivered to offices across the south east last week.
Anti-terror police found a device at the Army careers office in Canterbury on Thursday - two days after another was delivered to a centre in Chatham.
Others were delivered to Brighton, Oxford, Slough, Aldershot and Reading.
They were described as being "crude" in design, but having the potential to injure.
A major counter-terrorism operation was launched and Downing Street said the packages had the hallmarks of "Northern Ireland-related terrorism".
Prime Minister David Cameron had held a meeting of the emergency Cobra committee to discuss the government's response to the crisis.
In a statement today, Scotland Yard said: "We are aware of the claim of responsibility for the devices that were sent to army recruitment centres in England last week.
"The claim was received on Saturday, 15 February by a Northern Irish media outlet using a recognised codeword.
"The claim was allegedly made on behalf of the 'IRA'.
"The public is urged to remain vigilant and report anything suspicious to the Anti-Terrorist Hotline 0800 789 321."
The first of seven suspect packages delivered to military recruiters was sent to the Army careers office in Dock Road, Chatham, at about 11am last Tuesday.
Bomb disposal experts from the Ministry of Defence were called to the town centre and evacuated the office.
After several hours, police said the device had been "made safe".
Then Canterbury was at the centre of another bomb scare at about midday on Thursday.
Officers set up a large cordon down St Peter's Street and shoppers were being told to avoid the area.
A team from the Royal Logistic Corps left after around five hours and the device was sent off for forensic tests.
And then on Saturday, a suspect package sparked a bomb scare at the Royal Mail sorting office in Chatham.
Staff at the Best Street office called police at 9am to report the parcel and a 100m cordon was set up around the site.
But after the item was examined by bomb disposal experts, it was confirmed as a false alarm.
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dia kata dia sengaja suapkan hasya sebab kebetulan dia tengah suapkan ada sorang lagi baby yang umur dia 10 bulan.dia kata hasya selalu tengok 'kawan' dia tu makan.lepas tu telan air liur macam teringin sangat nak makan.so,bila pengasuh tu suap hasya memang makan dan dia nampak seronok nak makan.
tapi aku ni takut.dalam susah hati pun menjawab la aku dengan pengasuh.tu pun lepas 2-3 hari diberitahu sebab aku memikir.aku kata aku tak pernah bagi anak-anak aku makan sebelum 6 bulan.aku mula bagi makan pun tak la tepat umur 6 bulan.aku bagi pun masa dah nak masuk umur 7 bulan.aku takut sebab aku dengar orang kata baby under 6 months tak mampu lagi terima makanaan selain susu sebab usus dia masih lembut dan kecil.
tapi lastweek,aku terjumpa satu artikel ni dari facebook.
When do you know your baby is ready to start eating solid food? Some say when they're 4-6 months old, but every baby is different :) If your baby is sitting up alone, or seems hungry after a full feeding, they are ready!
Read more on different feeding phases for babies, and ideas on healthy homemade recipes!:www.nurturebaby.com/
dan aku pun terus la buka link dan baca.
4-6 Months Baby Food Recipes
Before you begin (4-6 Months):
The American Academy of Pediatrics recommends starting solids between four and six months of age. Although many parents wait until six months or later to begin a solid regimen, it is important to follow the cues of your baby and consult her pediatrician about the best time to start. Each child is unique and therefore has different nutritional needs.
Before beginning a solid food regimen, keep in mind that breast milk or formula should remain the primary nutrition source for the first year. In the beginning, solids are more about exploration than subsistence. Babies are introduced to new tastes and exciting textures all while honing tactile and social skills associated with mealtime.
It's important to pay close attention to your baby's cues before beginning a solid regimen, after she is at least four months old. Research shows that introducing solids any earlier could lead to food allergies, obesity and diabetes.
Your baby might be ready for solids if he/she
· Sits up alone, without assistance
· Consistently seems hungry after a full feeding
· Shows interest in or grabs at your food
· Can refuse food by turning head
· Has outgrown reflex to spit out solid food
NurtureBaby recommends introducing one food at a time, waiting at least 3-4 days before introducing another food. Watch closely for adverse reactions such as excessive gas, diarrhea, vomiting or a rash. If there is a reaction, discontinue food and wait at least 2 more weeks before reintroducing the food.
Many experts recommend giving fortified baby cereal mixed with breast milk, formula or water, as one of the first foods. For this reason, NurtureBaby encourages organic, store bought baby cereal, as opposed to homemade. Homemade baby cereal, as a "first" food, is difficult to digest, and is not fortified with iron. Once accustomed to cereal, babies can begin eating any of the recommended fruits or vegetables designated for 4-6 month olds, in no particular order.
series.aku baru tau yang baby macam hasya dah boleh terima solid food.nampaknya pasni boleh try recipe hommade pulak.semuanya ada di sini.
klik gambar untuk pergi ke link!
kalau tak klik LIKE memang gua sentap beb!


text:
Latest News and Press Releases
Related Event
The current surge of migrants crossing the southern U.S. border reflects a sharp increase in the number of unaccompanied minors, children crossing with one or both parents, and adults seeking asylum who are detained in "expedited removal" processing. The overwhelming majority of these people are from El Salvador, Guatemala, and Honduras, with many fleeing rising violence and instability in their home countries. Please join Human Rights First a for a discussion with leading experts about the current state of the influx at the border, analysis of current proposals in response, and recommendations for more effective policies.


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Select () or exclude () categories to narrow your recipe search.
As you select categories, the number of matching recipes will update.
Find exactly what you're looking for with the web's most powerful recipe filtering tool.
Sort by: Date | Rating | Most Helpful
"Excellent soup. The only thing I changed was I used a combo of an aged British cheddar, some Jarlsberg, and an aged Fontina. The Fontina added this really wonderful olive taste that just went so well with the cheddar. Also, make sure you add a little salt while cooking the garlic and onions."
"Made this last night and just had the first piece this morning. Wow. It turned out so well. I definitely will be making this again. I sprang for a bag of the Tcho baking discs for the chocolate fudge portion and some organic white chocolate chips for the peanut butter part. I think next time I'm going to add less white chocolate and more pean..."


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The iPhone 6 Plus is too big for everyone to love it, but it's Apple's best phone this year. If your budget and your pocket can make room for it, give the iPhone 6 Plus serious consideration.
At $10, this impressive LED is a very safe bet in the lighting aisle.
Beats on-ear Bluetooth headphone has lot going for it, but it doesn't quite justify its lofty price tag.
The iPad Air 2 is a nice refinement and finesse of last year's model, with a bevy of tweaks, enhancements, a much faster processor, and the welcome addition of Touch ID. Simply put: it's still the gold standard for tablets.
With new CPUs, rearranged ports and improved graphics, the Mac Mini can be either a set-top media streamer or a budget OS X desktop.
One of last year's best, the iPad Mini 3 is still a compelling choice despite the lack of upgrades. However, the nearly identical and significantly cheaper iPad Mini 2 is a smarter buy.
We haven't seen a flawless smart lock yet, but the August Smart Lock comes closer than any of its competitors thanks to its ease of use and overall polish.
The Bowers and Wilkins P5 Series 2 has the same winning design of its highly rated predecessor, but now it sounds even better.
The iPhone 6 delivers a bigger screen while remaining easy to handle, with plenty of features to satisfy everyone -- and the promise of Apple Pay on the horizon to potentially sweeten the deal even further.


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The oldest secular house in Inverness. Originally the town house for the Frasers of Lovat and now headquarters for National Trust of Scotland.
Originally built in 1593 and now a whitewashed neat building with a splendid bench outside (the Abertarff Bench). The interior is now offices.
Friday, 12 October 2012


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Sixfields - Northampton Town FC
Saturday 10th January 2009
Vs Huddersfield Town, League One, 3pm
By John Hubble
Why you were looking forward to going to the ground (or not as the case may be): With my team Birmingham City having their game at Blackpool called off due to a frosty pitch, I was at a bit of a loss as to what to do. Other fixtures were being called off as the morning progressed so I decided to keep tabs on games at grounds I needed for my 92 which were still on. I was happy that the Northampton game was on as it meant a fairly short trip in cold foggy weather and at a ground I had passed a couple of times over the last few years without having been to a game there. 2. How easy was your journey/finding the ground/car parking? Sixfields is easy to find as it was only a 45 minute journey down the M6/M1 and there are signs directing you to the ground within a mile or so on leaving the M1 at Junction 16. The parking in the restaurant areas is limited to customers and with the threat of clamping at the one I had initially decided to park in, I thought it best to park in the car park a short walk behind the South Stand for a very reasonable Ł3. 3. What you did before the game pub/chippy.... home fans friendly? Having got to the ground at
12.45 I went into the very small club shop to purchase a badge and then
went to the ticket office to buy a ticket for Ł19 which seemed a bit
pricey considering Birmingham have been charging Ł15 for most home games
this season. Didn't have to queue as I arrived fairly early and bought a
programme as well. I asked where the best place to get a pint from and was
told by the guy in the ticket office to go the leisure complex nearby
where there were one or two pubs. I walked past the members bar in the
West Stand, and as I was on my own asked the doorman if I could go in. To
my surprise he let me in which was very good of him, so I settled down to
watch the Villa- Albion game on SKY. The usual Carlsberg lager Ł2.60 a
pint, very reasonable. 4. What you thought on seeing the ground, first impressions of away end then other sides of the ground? Sixfields is a very tidy neat compact small ground, which for a town and immediate catchment area of the size of Northampton could probably justify a larger ground. However the attendances they get don't justify it. The West Stand where I sat is the largest of the four stands and is where most of the home noise/support comes from. The away end (the South Stand) was completely full of Huddersfield fans as was part of the East Stand which had been used an overspill. 5. Comment on the game itself, atmosphere, stewards, pies, toilets etc.. The first half was pretty even although Huddersfield were the better team in terms of possession. Northampton missed the only real chance of the first half which went narrowly wide. Huddersfield picked up their game in the second half and deservedly went ahead after 64 minutes from a Phil Jevons direct free kick. Northampton then had a man sent off and were fighting a losing battle but to their credit snatched an injury time equalizer through Akinfenwa. The Huddersfield fans were very vocal throughout and the Northampton fans only occasionally offered any vocal encouragement, which really was in keeping with their teams ineffective performance. Had a Meat and potato pie which was very tasty and no real problem with any of the stewards.The usual three fold queue to the toilets at half time which is common at most football grounds. 6. Comment on getting away from the ground after the game: No real problems in getting away
after the game,took 10 minutes or so to leave the car park and then away
towards the M1 and home just after 6.15. Overall a good day out, it wasn't the greatest
game you'll ever see but certainly not the worst I've seen on my travels. The fans are very friendly and a ground I would not
have any issues with visiting again. |
Are you
an away or general football fan who has visited Sixfields recently?
If so why not submit your own review of the ground and general day out?
Click here to find out
To The Northampton Town Page
Return To The Main Menu


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"The White Death" is a tough name to earn. Draped in white camouflage which obscured his small frame, Finnish sniper Simo Häyhä earned the hell out of the moniker by sniping a confirmed 505 Soviet invaders during the Winter War, a one-year conflict between Finland and the Soviet Union. Häyhä allegedly accomplished this in less than 100 days, often in below-freezing temperatures, and with iron sights – partially because they allowed him to remain less exposed, but primarily because he was just that badass.
Above: Häyhä in his White Death garb, being badass
If you're like me, you're addicted to choosing the biggest, loudest, and slowest-reloading gun in multiplayer shooters and picking off unsuspecting specks of heads until the sun comes up. You are awesome, and this brief history of sniping ought to reassure you of that. But if you're a hater, then read on anyway – you'll probably still despise the way we play, but at least you'll understand why we love making you run for cover.
Snipers work for the same reason they're despised
Häyhä was a hell of an annoyance to the Soviets, whose already low morale (Stalin wasn't the best boss) was further ravaged by the ferocity of Finns' resistance. Despite being heavily outnumbered (32 tanks versus the Soviets' two-to-six thousand), the spirited Finns fought harder (and with better aim), and resisted the invasion. The Moscow Peace Treaty ended the war in 1940, and though Finland was forced to relinquish a chunk of territory and assets, it had already embarrassed the fur hats right off the Soviets' heads.
An unknown Soviet general is reported to have commented, "We gained 22,000 square miles of territory. Just enough to bury our dead." That quote may or may not be fiction, but its sentiment is true. The Soviets lost 126,875 soldiers, while the Finns lost only 25,904.
Sadly, none of Häyhä's targets respawned and spat profanities at him through a headset - they were dead. Real war is a lot more depressing than virtual war, but the principles are the same. Every time a sniper in CoD or Battlefield frustrates the profanities out of you, you're falling victim to one of the primary goals of real-world sniping, and what helped the Finns hold off the Soviets: demoralization.
And if you despise the strategy in general, even when it's working to your advantage, you're not alone in the real-world either – despite their effectiveness, snipers weren't always romanticized war heroes, they were damned unsportsmanlike. A telescope on a rifle? Pish posh!
Above: Damn camper!
Fun Fact! Military sharpshooters weren't called "snipers" until the 1800s, when the term was used in reference to hunters of the well-camouflaged snipe, a species of wading bird. Snipe hunters in British India were called "snipers," and their reputation for marksmanship caused the term to be carried over.
The origins of sniping in war and Quake II
Sniping has been around since projectiles could travel further than an arm's throw. Perhaps 16th-century ninjas, who concealed themselves and struck with poisoned blow darts, were some of the first military snipers, but sniping in the modern sense didn't appear until around the 1700s.
During the American Civil War, Sgt. Grace, a Confederate sharpshooter, allegedly picked off Major General John Sedgwick from 800 to 1000 yards at the Battle of Spotsylvania. The roughly half-mile shot with what was likely a British Whitworth sharpshooter rifle wasn't unheard of in target practice, but it was nevertheless an impressive kill.
Urban legend has it that either Sgt. Grace was killed just after his famous shot while cockily refusing to take cover ("They couldn't hit an elephant from thi-aauuughh!"), or that it was Sedgwick who had been chastising his troops for ducking. Either way, they both died.
Above: Engagements at Laurel Hill & NY River during The Battle of Spottsylvania. Notice that no one is hiding in the trees and firing into those silly, tightly-packed formations


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They stand in a long line, a sea of pensive faces stretches across a wide green field. Every eye is trained down range at small yellow, red and blue targets.
The giant archery competition being held this weekend at Joyce Park in Hamilton is actually three competitions in one: The U.S. National Target Championships, The U.S. Open and the Junior Olympic Archery Development (JOAD) Nationals. More than 700 people from across the country are competing.
If you want to be nationally ranked, or make it to world or Olympic competition, you must shoot here.


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Still need to test
(32 Recipes) Created by TAMRACLOVEC
Recipes in this Collection
This recipe has been marked private.
(no ratings)
Summer Squash Soup from Heidi Swanson's Super Natural Every Day. Altered to use Lite Coconut milk, lite tofu & less oil. Submitted by TAMRACLOVEC Carbs: 18.4g | Fat: 11.2g | Fiber: 3.3g | Protein: 6.6g | Calories: 198.3
My favorite dish at a local Mexican restaurant is their Chicken Enchiladas with Creamy Green Chile Sauce. I had to try and find a way to lower the fat and sodium so I could enjoy these without the guilt! I tweaked that recipe a bit to lower the sodium and fat, and came up with a winner! My husband and teen daughter gobble these up! Submitted by BETHPROVERBS31 Carbs: 17.3g | Fat: 9.3g | Fiber: 2.1g | Protein: 24.4g | Calories: 252
If you love Mexican and are looking for a new way to prepare chicken breast, here it is. It is so delicious and so easy to prepare. Enjoy! Submitted by KWOODSON Carbs: 5.7g | Fat: 5.2g | Fiber: 1g | Protein: 26.8g | Calories: 179.4
This is a great recipe to use as a basis for plenty of meals! Submitted by CHEF_MEG Carbs: 19.8g | Fat: 3.2g | Fiber: 4.9g | Protein: 29.7g | Calories: 225.4
Very Good 4.5/5
(89 ratings)
Easy to make casserole that's healthy! Submitted by JULIAKELLY Carbs: 24.1g | Fat: 5g | Fiber: 2.7g | Protein: 13.5g | Calories: 195.4
Curried chicken thighs great to serve with rice and broccoli Submitted by SUPERSARAH79 Carbs: 24g | Fat: 4.9g | Fiber: 0.5g | Protein: 14g | Calories: 191
Good 3.8/5
(14 ratings)
I found this in a "Fix it and Forget it Lightly" crock pot cook book Submitted by FREDDIE32 Carbs: 56.5g | Fat: 2.1g | Fiber: 3.7g | Protein: 22.9g | Calories: 341.1
A healthier version of restaurant-style Chinese orange chicken Submitted by LINDZEEF Carbs: 34g | Fat: 5.7g | Fiber: 1.4g | Protein: 26g | Calories: 293.8
Very Good 4.4/5
(20 ratings)
Got this recipe from my WW leader Submitted by CPARLIER Carbs: 28g | Fat: 0.5g | Fiber: 0g | Protein: 23.5g | Calories: 207.5
great for soup Submitted by BUDGETMOM Carbs: 22.9g | Fat: 1.7g | Fiber: 2.2g | Protein: 5.2g | Calories: 125.1
High fiber, healthy breakfast muffin. Submitted by KIMBERK24 Carbs: 20.8g | Fat: 3.4g | Fiber: 2.8g | Protein: 2.9g | Calories: 115.7
Incredible! 5.0/5
(1 rating)
This is an easy, healthy lentil soup. I listed he grams I used along with the measurements but the calories are calculated using the grams. This makes about 3 litres or so depending on how much water cooks down etc. The 12 sevings are equal to 1 cup or 250 ml. Submitted by OLIVEME Carbs: 16.2g | Fat: 3.2g | Fiber: 4g | Protein: 3.7g | Calories: 103.9
Very Good 4.4/5
(19 ratings)
Tasty and nutritious granola bars, preservative free and easy to alter to your taste! Submitted by MEVI_MUH Carbs: 26.7g | Fat: 4.9g | Fiber: 1.6g | Protein: 3g | Calories: 157
A delicious breakfast you can make either sweet or savory, that keeps you full all morning (at least)! Submitted by RACHEL_MAC Carbs: 30.2g | Fat: 8g | Fiber: 4g | Protein: 20.2g | Calories: 272.6
Think carrot cake, but without the guilt! Submitted by SQUIRRELLYPOO Carbs: 19.9g | Fat: 2.5g | Fiber: 1.4g | Protein: 2g | Calories: 99.6
I found this recipe from familyoven.com, modified it just a bit and it was a big success at my house! The servings are filling and at only 400ish calories/serving it sits well with my diet! Submitted by BUTTERCUP821 Carbs: 26.3g | Fat: 21.4g | Fiber: 0.8g | Protein: 24.3g | Calories: 403.6
This is an incredibly simple recipe that the whole family will love. If you don't tell your loved ones, they will think it is ricotta but get the benefits of the soy protein. This requires little prep time. Most of the time is the cooking time. Submitted by RUNNING2LIVE Carbs: 9g | Fat: 3g | Fiber: 0.9g | Protein: 5.7g | Calories: 87.7
Very Good 4.5/5
(12 ratings)
A thick spinach curry Submitted by NANGAAY Carbs: 11.5g | Fat: 7.9g | Fiber: 4.9g | Protein: 6.3g | Calories: 126.2
(no ratings)
Low fat and the pumpkin adds moisture, color and fiber. :) Submitted by LEONALIONESS Carbs: 11.9g | Fat: 0.2g | Fiber: 1.5g | Protein: 1.6g | Calories: 56.8


text:
Easy-to-wear and built to last, this denim shirt was made to be lived in. Its versatility lets you wear it on its own or as a layering piece—you'll find yourself reaching for it again and again.
• Denim shirt. Pointed collar. Long sleeves with double barrel cuffs.
• Pieced yoke. Patch pockets at chest with flaps and twill loop button closures. Hand-sanding and abrasion detail.
• Front button closures
• 98% Cotton, 2% Elastane
• Machine wash
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We do not offer international shipping at this time.
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text:
Reason #238 why growing up sucks: no more goody bags at birthday parties. Remember the glee attached to a sudden abundance of loot? Why not treat yourself with Sephora's new Sun Safety Kit, which comes with 13 mini-products for you to play with. The bag includes some of our good-for-your-skin favorites like Clarins SPF 40, Smashbox Photo Finish, and Murad Essential-C Eye Cream. To add to its functionality, the kit comes packaged in a recycled beach bag you can use all summer. The whole shebang is only $22.50 (but worth $110!), and all the proceeds go to The Skin Cancer Foundation—meaning you won't just be getting a gift for yourself, you'll be giving back to others, too. [$22.50, Sephora] Keep reading »
Zergnet: Simply Irresistible
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Sex-starved Asian beauty Shunka Ayama arranges hot sexy posing on pov. The hottie with pink lips opens her mouth in ecstasy, looking very sexy and welcoming. She begs for sex, and this is very clear. Then she reveals her juicy boobs, and this hot shameless action looks really arousing
Frisky Japanese milf Shunka Ayama makes hot posing on pov ..
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- Movie size : 316 Mb
- Movie length : 11:51
Featured model : Mai Satsuki
Slim Japanese wife Mai Satsuki is having a great time by fucking with her hubby in a pure hardcore morning scene. Cutie loves having her hairy pussy nailed so fine, moaning hard and enjoying true lust as well as warm cream splashing her clit in the end.
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- Movie size : 729 Mb
- Movie length : 21:48
Featured model : Himari Yabe
Cock-starved Japanese amateur Himari Yabe stays alone tonight and gets very horny. For this case she has a set of her favorite sex toys and vibrators and she uses them properly, in order to get orgasm. She stretches pussy lips and begins her kinky exercise, moaning from passion and delight
- 50%
- Movie size : 568 Mb
- Movie length : 18:27
Featured model : Misuzu Imai
Very sexy Japanese AV teen model Imai Misuzu looks simply great in her black fashionable swimsuit. The kinky girl with amazing shapely body flaunts in front of her horny stud, and he touches her juicy goodies with a fancy sex toy, giving his glorious girlfriend incredible pleasure
- 0%
- Movie size : 289 Mb
- Movie length : 10:59
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