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El Paso Man Killed in Motorcycle Crash
POSTED: Saturday, September 3, 2011 - 9:34pm
UPDATED: Wednesday, November 2, 2011 - 7:23pm
EL PASO - A young man was killed in a motorcycle crash in east El Paso early this morning.
Police have identified him as 23-year-old Noe Perez. This is a picture that we got from his facebook page.
The crash happened around 2:30 a.m. Saturday morning at the intersection of Gateway West and Sumac Drive.
Police say Perez was speeding when he crashed into a Lincoln Town Car in the intersection. He was thrown off the bike and died at Del Sol Medical Center a short time later.
Police arrested the driver of the Lincoln Town Car on a DWI charge. He's 33-year-old Christopher Magana. Police don't believe Magana caused the crash, but they're still investigating.
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Ohh really ppl post the stupedest comments ever!! If u guys don t even knw what happend I dnt think u should even speak of this because you are hurting a lot of ppl!! So just keep ur dumb comm to ur selfs!! And no kathe he didn't want to die he was a guy with a lot of dreams and plans for his future and this stupid drunk dude just crushed them all and yes its magans fault even if u guys dnt want to admitted! He should b in jail for life!!!
Unfortunately a life was lost, We can not judge the rider because 1. he is not here and 2. we weren't there. Most people like fxaxrx and kathe are willing to put the blame on the bike rider and it's not ALWAYS there fault. Drivers are not always looking for them and yes some do ride like crazy people, but then again so do some people in cars. Just the other day a motorcycle rider was hit by a car WHILE SITTING AT A REDLIGHT WAITING FOR IT TO CHANGE. Do we blame the rider? Some will anyway. FYI
You didn't know him. What the police say happen its what everyone thinks. But only him and Magana know what really happened. Magana probably doesn't even know because he had been drinking. Perez might have been going fast but it doesn't justify Magana drinking and driving. Its always the other person who dies not the one who was drinking. So I say both are at fault.
Yes, why do these ppl on this crotch rockets insisting that the rules of the road don't apply to them? The sad fact is Magana is going to be charged with DWI but it won't be connected to the accident since the motorcyclist is at fault for speeding. I know ppl who knew this guy and are mourning for him. The message goes out to all motorcyclists: OBEY the rules of the road. They are there for yours and everyone's safety. They are not flexible and nor is death.
unfourtunate thesee youn man drive like they wanted to get kill.. and they do..sorry for His family....is a tragedy that their parents are the ones that suffer more.


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Revised Standard Version (RSV) | New International Version (NIV) |
2 When the LORD first spoke through Hose'a, the LORD said to Hose'a, "Go, take to yourself a wife of harlotry and have children of harlotry, for the land commits great harlotry by forsaking the LORD." | 2 When the LORD began to speak through Hosea, the LORD said to him, "Go, take to yourself an adulterous wife and children of unfaithfulness, because the land is guilty of the vilest adultery in departing from the LORD." |
Revised Standard Version of the Bible, copyright 1952 [2nd edition, 1971] by the Division of Christian Education of the National Council of the Churches of Christ in the United States of America. Used by permission. All rights reserved. (Revised Standard Version - Holy Bible) | Scripture quoted by permission. Quotations designated (NIV) are from THE HOLY BIBLE: NEW INTERNATIONAL VERSION®. NIV®. Copyright © 1973, 1978, 1984 by Biblica. All rights reserved worldwide. (New International Version Bible Online) |

subset: commoncrawl


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New Century Version (NCV) | New International Version (NIV) |
25 You built a place of worship at the beginning of every street. You made your beauty hateful, offering your body for sex to anyone who passed by, so your sexual sins became worse and worse. | 25 At the head of every street you built your lofty shrines and degraded your beauty, offering your body with increasing promiscuity to anyone who passed by. |
Scripture taken from the New Century Version. Copyright © 1987, 1988, 1991 by Thomas Nelson, Inc. Used by permission. All rights reserved. (New Century Version Online Bible) | Scripture quoted by permission. Quotations designated (NIV) are from THE HOLY BIBLE: NEW INTERNATIONAL VERSION®. NIV®. Copyright © 1973, 1978, 1984 by Biblica. All rights reserved worldwide. (New International Version Bible Online) |


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General Colonial and Revolutionary History
American Heritage, History of the American Revolution. American Heritage Collection, 2004.
Billings, Warren M., John E. Selby and Thad W. Tate. Colonial Virginia-A History. KTO Press, 1986.
Carson, Cary, ed. Becoming Americans: Our Struggle to Be Both Free and Equal. Colonial Williamsburg Foundation, 1998.
Ellis, Joseph J. Founding Brothers: The Revolutionary Generation. Vintage, 2002.
Noel Hume, Ivor. Here Lies Virginia: An Archaeologist's View of Colonial Life and History. University Press of Virginia, 1994.
Royster, Charles. A Revolutionary People at War: The Continental Army & American Character. University of North Carolina, 1979.
Selby, John E. The Revolution in Virginia, 1775-1783. The Colonial Williamsburg Foundation [distributed by the University Press of Virginia], 1988.
Wood, Gordon S. The Creation of the American Republic, 1776-1787. University of North Carolina, 1998.


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Igloo Party Basket with Pyrex 6 Piece Glassware Set - Various Colors
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The Red Carpet: Bangalore StoriesWry humor and a delicious grasp of the friction between generations in Bangalore are the hallmarks of Lavanya Sankaran's fresh, deeply nuanced debut collection. "A potpourri of beggars and billionaires and determinedly laid-back ways," Bangalore, India's own Silicon Valley, is a crucible for prosperity, and at the chaotic crossroads between past and present. Here, American-trained professionals like Tara return to their old-fashioned families with heads full of Quentin Tarantino dialogue; a successful entrepreneur is shaken when his partner suddenly reneges on their plan to return to America; a traditional Indian mother slyly circumvents her Western-educated daughter's resistance to marriage; a neighborhood gossip is determined to discover what goes on behind the closed curtains of the hip young couple across the street; a chauffeur must reconcile his more orthodox credos with his employer's miniskirt lifestyle. Witty, affectionate, and wonderfully wise, Lavanya Sankaran's first collection attests to her remarkable literary talent. "From the Hardcover edition. |
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Football: Mourinho says 'no champagne' this season but Blues will keep up challenge
Published on Jan 28, 2014 10:25 PM
LONDON (REUTERS) - Chelsea will be more equipped to challenge for the Premier League title next season but will push Arsenal and Manchester City all the way in this campaign, manager Jose Mourinho said on Tuesday.
His side should maintain the pressure on the top two when they host struggling West Ham on Wednesday although the Portuguese is playing down his side's hopes of finishing above them in May.
"The chance of champagne in the future is good but not this season," he told a news conference on Tuesday while marking his 51st birthday two days late by sharing some bubbly with reporters.
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Thu, May 22, 08 at 20:58
I am so sad to say that I think I may have lost a most beautiful rhodo this year. We got an unusual amount of snow this year and my neighbor ran out of room to pile his snow so he used my rhodo bed (despite the burlap barrier) to pile the snow off his walkway. I believe it must have had salt in the snow because the rhodo just is brown and not a sign of life to it. However, when sratching the stems, there appears to be green underneath. Is there any way to resurect my rhodo or should I just replace it? |
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After you replace the neighbor watch and see what the shrub does before giving up. Depending on what the specific circumstances are it may come back, although it will be years before it looks anything like it once did. |
The green is the cambium layer and means that it is still alive. They will come back once fairly well. If this is done two years in a row, it may be less likely to come back the second time since it will still be stressed. They have adventitious buds under the bark that will come out of any stems or roots that are not dead. I would wait at least one year to see what is going to happen. I would not fertilize since that would stress it. I would make sure it doesn't dry out, but not water it unless the soil is drying out. |
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OK so DP goes by the name of Vevzar and had
WS BS S T Ag Int Per WP Fel Inf PR
65 60 50 60 60 60 60 70 75 130 6
Demonic 3, Wings etc.
Group landed (1 reroll used) and set out to find the book. A good roll to navigate got them overlooking a large(ish) room that looked like it was used for demon binding and Magos sensing DPs aproch went down, Renegade hides and PP drinks and does drugs (then rolls stupidly good on toughness and stays upright). DP shows up and attacks Magos (who dodges), Renegade shoots DP ( I used DoS vs DoS as DP had a dodge of 110 when all's said and done) and 9 damage - 6 TB - 3 Demonic = ping! Magos hit with his Multi-Melta for 20 damage and PP used the stun rules to show that cheep tricks work.
Next round Magos is oneshoted into crit by Hellish Blast, DP takes more Multi-Melta damage and then moves the wall to keep PP and Renegade out of the fight.
LoC shows up and Magos attacks it, as does DP.
DP had set up this room as a trap for LoC and used the book and the room to start binding him, says to Magos "Keep him here and you will live" and flys up, brings a sword down into LoC and starts binding him into it. The others to try to send a call to the demon they have the Dark Patronage with and offer the number of souls Dr Evil would want for an exit and pass a -10 infamy test (I would have said -20 but a number that high has it's own power). More rolls than I would call fun later (not too many it was just the same 3 things being rolled 7 turns in a row) and DP with the help of Magos have bound LoC in 3 swords that occupy the same place and just how ready DP was for this is seen (the sword went into the floor and more binding happened) and DP took Magos somewhere he couldn't make trouble, got the other two and explained that the demon they had Dark Patronage with was paying for their release and dropped them off by their ship so they could see that he had given it to the Word Bearers. PP (who wanted to start a new character as he hes lost his ship) started shooting and died.
DP took 50 damage, used 4 rerolls and I forgot to use his Fear rules.
Thank for all your help guys.
Edited by Adeptus Ineptus, 23 December 2013 - 03:10 PM.


text:
U.S. 10-year municipal yields are set to drop for the third-straight week, the longest rally since December, as signs of slowing U.S. economic growth bolster demand for fixed-income assets.
Yields on benchmark 10-year tax-exempt debt are down 0.07 percentage point this week to 1.895 percent at 11:15 a.m. today in New York. That's the lowest since February, according to Bloomberg BVAL data. It's the bonds' longest streak of gains since December. The index, which began in January 2009, set a record low of 1.74 percent on Feb. 2.
Tax-free debt is following U.S. Treasuries on reports showing a more moderate U.S. economic rebound and amid concern about Europe's debt crisis, said Hardy Manges, head of municipal trading at Mitsubishi UFJ Securities in New York.
"All those issues affect Treasury rates, and munis follow from there," Manges said in an interview.
Federal debt due in 10 years yielded 1.95 percent at 11:08 a.m. in New York after reaching 1.88 percent, the lowest since Feb. 3, according to Bloomberg Bond Trader prices.
States and cities have borrowed $7.1 billion of bonds this week, the least since March, Bloomberg data show. That drop also helped depress local-government interest rates, Manges said.
U.S. jobless claims fell to 388,000 in the past week from 389,000 the prior period, the highest since January, Labor Department figures showed.
Gross domestic product, the value of all goods and services produced in the U.S., rose at a 2.2 percent annual rate in the first quarter, after a 3 percent increase the prior period and below the median forecast in a survey by Bloomberg News.
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Carmel, Indiana is an exceptional city - and the Carmel Chamber is dedicated to making the community one of Hamilton County's most outstanding places to work, live and play. With a population of nearly 80,000, the city offers unique experiences for residents and visitors, along with a vibrant environment in which businesses can thrive and work together to enhance the quality of life for all.
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It is not an offer from Willy Wonka but a serious study into the benefits of dark chocolate. Researchers from the University of East Anglia are looking for 40 post-menopausal women with type 2 diabetes willing to eat two pieces of Belgian chocolate a day for 365 days in return for having their health tested. Dr Peter Curtis, leading the study, explained the project is the second stage of a study looking at whether the compounds can help reduce heart disease. He said: "A successful outcome could be the first step in developing ways to improve the lives of people at increased risk of heart disease."
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text: Workplace Violence 2/29/2012 Permissions Over one-third (36%) of organizations reported incidents of workplace violence; compared with two years ago, most organizations indicated that incidents of violence had either stayed about the same (45%) or decreased in frequency (40%), while 15% reported an increase in frequency. This is part two of a two-part series of SHRM survey findings on workplace bullying and violence. ASIS/SHRM Workplace Violence Prevention and Intervention Standard Workplace Violence Click here to download a copy of this survey. Permissions Links Related Content HR at Center of Conflict over Guns in the Workplace Confront Employees Who Perpetrate Domestic Violence When Domestic Violence Comes to Work Calif. Hospital Violence Bill Sent to Governor Workplace Violence Policy ADVERTISING LINKS


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Orange is awesome
I really like these pants! They let me move and I can stay warm and dry. Not only are they reliable, but they are eye-catchers! One thing is they run a little small though, and if you like to ride baggy, go with the bigger size. Great pants though and the ember is awesome color!
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New International Reader's Version (NIRV) | New International Version (NIV) |
9 You have the fountain of life. We are filled with light because you give us light. | 9 For with you is the fountain of life; in your light we see light. |
Holy Bible, New International Reader's Version® Copyright © 1995, 1996, 1998 by Biblica. All rights reserved worldwide. (New International Reader's Version Bible Online) | Scripture quoted by permission. Quotations designated (NIV) are from THE HOLY BIBLE: NEW INTERNATIONAL VERSION®. NIV®. Copyright © 1973, 1978, 1984 by Biblica. All rights reserved worldwide. (New International Version Bible Online) |


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So you have confirmation that the product was received by the vendor, but you never received the item you exchanged for or your money back?
This is not encouraging.
On my end, I've not had trouble with exchanges, but it has been a while since I made a return, and that was via a prior email approving it (I didn't just send it back, though Jamison did email you).
I am not getting email responses to product questions, and I worry that he's just ignoring his email. I won't speculate as to why, but if it gets to the point that people aren't having purchased products sent out, I would worry much more.
I fear the direction the company is going, although he does seem to be restocking new products, yes? E.g. winter flannels.
Are people at least receiving purchased products without trouble, recently?
It's not a good sign that I feel it necessary to ask that question. Patlaw, not sure what you should do except keep trying by email through the site. Sorry about that. HY is an affiliate vendor and perhaps there's some recourse via SF?
Not sure what your payment method was, but 4 months is a really long time. If it were credit card and you've exhausted all other efforts in contacting HY I would just file a claim / charge back.
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It's frustrating as I want to purchase something and a simple clarification from him would allow me to proceed. As it is now, I can't.
All in all it's very disappointing and I am beginning to look elsewhere. It's a shame because the products are good quality but the customer service has gone to s**t in the past year, year and a half.
- Posts: 250
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Yes, my case as well: all purchases shipped promptly and with no issues. It's everything else about the operation that falls short....
- Posts: 250
- Joined: 6/2011
- Location: North and East from the centre
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Jamison doesn't respond to my product inquiries either and I am a repeat customer.
It's frustrating as I want to purchase something and a simple clarification from him would allow me to proceed. As it is now, I can't.
All in all it's very disappointing and I am beginning to look elsewhere. It's a shame because the products are good quality but the customer service has gone to s**t in the past year, year and a half.
This is a problem for me too, though two SF members were helpful in answering two of my questions. But I'd also like to know about the weight of the cotton twill pants too. Again, no word from Jamison. Folks, if you have any information, it would be great to get feedback (and thanks to the two how helped me out on other matters).
That is should come to this, to get product information is crap.
I don't have a problem with the quality; I've dialed in my fit, but I'd like simple answers to my questions.
Yes. He sent me an e-mail saying he received them and would exchange them, but I never received the pants. I've repeatedly tried to e-mail him and ask for the pants or my money, but I've received no response. I'm not sure what to do at this point.
I would have both sent an actual letter by now and threated legal steps by now. It's unacceptable behavior and I think illegal.
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This is not actually a casserole, but it reminds me of tuna casserole….so that's what I'm calling it :-)
If you need something fast and easy, make this. It makes 5 large servings for the week, or 10 small servings.
I ate mine everyday this week for lunch and it was a large serving and kept me full for hours.
Chicken & Broccoli Casserole.
– 1 rotisserie chicken
– 2 packages of organic broccoli slaw
– 1/2 cup dried cranberries
– 1 broccoli crown, chopped
– 1 1/4 c of paleo mayo
– 1 tbsp honey
– 1 tsp poppy seeds (optional)
– 3 tbsp unsalted sunflower seeds
1) pull all the chicken off your rotisserie and set the bones aside (you can use it for bone broth later)
2) in a large bowl, empty the bags of broccoli slaw, add the pulled chicken, cranberries, and chopped broccoli.
Make the paleo mayo.
You can do this by hand or in a blender/food processor.
1) separate 3 egg yolks, toss the whites in a container and eat at breakfast the next day.
2) let the yolks come to room temperature. Once at room temp. start to vigorously whisk, or if using a blender, pulse 3-4 times.
3) once you've mixed the yolks, begin adding some extra virgin olive oil. A little at a time until it begins to thicken just slightly.
4) continue mixing and adding olive oil until it reaches a thick consistency (it will turn lighter in color as you add more olive oil).
5) once the desired thickness is reached, add a little vinegar (approx. 1 tbsp). I personally love rice vinegar or red wine vinegar.
6) stir in the vinegar, then add the honey, poppy seeds, and a touch of S&P.
7) quickly incorporate and pour the mayo over the broccoli slaw/chicken mixture.
1) mix all of the ingredients together well, and portion into containers.
2) top with a sprinkle of sunflower seeds and you have quick meals for the week.


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Best Dressed Celebs at 2012 Grammy Awards
Jessie J is usually known for her outrageous fashion choices but she surprised everyone when she stepped out in this Julien Macdonald sparkly stunner.
Source: Getty Images
it's cute but looks very heavy
Was that dress made out of Duct Tape and foil? Should be on the worst list.
Not no best dressed, should be on worst. I hate it.
I hate her fringe!!! Dress is gross.


text: WWMT - wwmt.com - Search Results The following is an archived video story. The text content of that video story is available below for reference. The original video has been deleted and is no longer available. Twitter says it has filed IPO documentsNEW YORK (AP) - Twitter is going public. The short messaging service says it has filed confidential documents for an initial public offering of stock.San Francisco-based Twitter Inc. posted on its official Twitter account that it has "confidentially submitted an S-1 to the SEC for a planned IPO."Twitter's IPO has been long expected. The company has been ramping up its advertising products and working to boost ad revenue in preparation.


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Lawn Mower Parts and Lawn Equipment since 1982!
Lawn Mower Parts Request Form
Read more testimonials
Genuine Briggs & Stratton Platinum Spark Plug - 5066A
Extended Life Series Platinum Spark PlugReplaces RC14YCProvides long life, easy starting, increased ignitability and idle stabilityFor selected OHV engines. Extended Life Series Version of 496018S/5092
Briggs and Stratton, Murray and Snapper have merged. Briggs and Stratton 5066A, Murray 5066A and Snapper 5066A are the same SPARK PLUG.
Copyright © 2015 H and H Lawncare Equipment, LLC All Rights Reserved Worldwide


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Ge 200 Amp 240-volt Non-fused Emergency Power Transfer Switch
This item is brand new and has never been used. Run your backup generator with the GE 200 Amp 240-Volt Non-Fused Emergency Power Transfer Switch. This emergency power transfer switch offers a NEMA type-3R metal enclosure for outdoor use. For use with 6 - 250 AWG/kcmil copper or aluminum lug wire, this transfer switch is rated for safety with a UL listing and an ANSI certification.Ideal for running your back-up generatorMetal constructionDouble-throw, non-fusible designNEMA type-3R enclosure for outdoor useSingle-phase, 3-wire SN, 200 Amp 120/240 VACAccommodates 6 - 250 AWG/kcmil copper or aluminum lug wireMeets UL and ANSI safety requirements SPECIFICATIONSAssembled Depth (in.) 16.3 in Assembled Height (in.) 30.8 in Assembled Width (in.) 10 in Certifications and Listings 1-UL Listed,ANSI Certified Electrical Product Type Transfer Switch Fusible No Manufacturer Warranty Lifetime Warranty Maximum Amperage (amps) 200 A Maximum Wattage 0 W Number of phases 1 Product Depth (in.) 30.75 Product Height (in.) 10 Product Weight (lb.) 37.6 Product Width (in.) 15.625 Returnable 90-Day Safety Switch Type Safety Voltage (volts) 240


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36039 Apartments for Rent
Search Apartments in 36039
"I love this site! It is a lot easier than the others. I am very glad someone used common sense to make finding a place to live much easier. Thank you." - Hardaway,AL
Why Search With MyNewPlace?
- Floor Plans
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Apartment Living in 36039
Finding an apartment in 36039
36039 has great apartment rentals to choose from in a wide variety of different neighborhoods and surrounding cities. You can easily find a pet friendly apartment in 36039 or search for amenities like a fitness center, swimming pool or off-street parking. Make sure that you discover all that 36039 has to offer when looking for an apartment for rent.
Cities Near Hardaway, AL
There are many great communities and cities nearby Hardaway, AL to also consider:
Featured Apartment Rentals Near 36039.
- Adams Ridge Apartments 1075 Sardis Rd Union Springs, AL 36089 Phone Number: (334) 738-8600


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Fishing Report Date: 10-13-2014 | ||
Clear Creek has been funny all year. It has been very hit or miss this season. The most consistent fishing has been higher up the canyon above the turn off for Blackhawk. Anything lower has been a role of the dice. With that said, it is still a good, closer option at just about an ideal flow. Try nymphing the deeper, faster stuff and running dries on the opposite bank in the shallows. Both should be productive strategies. I didn't fish any streamers when I was there, but that would also be something to try. A lot of those fish like to hang on the far bank so you may pull some good fish off of it with smaller streamer patterns. Dries: Extended Body BWO (18-20), Purple Haze (16-18), Rocky Mountain Mint (Adams). Nymphs: Two bit hookers (olive, black), Egan's Iron Lotus, Hotwire Princes, Mercury Baetis, Pandemic Tailwater (BWO). | Report Statistics | |
3/5 | Time on Water: 6 Number of Anglers: 1 Hoook Ups: Fish Landed: | |
Weather Experienced | ||
Clear | Temperature: Wind Conditions: Calm Precipitation: None | |
Water Observations | ||
Light-Stain | Water Temperature: Flow Level: 100 CFS Runoff? Light-Stain | |
Report Submitted By: Zach Lass |
Clear CreekWhen all the rivers and streams seem to be overloaded with anglers, Clear Creek always has an empty hole to fish. Clear Creek parallels I-70 from just east of Idaho Springs to Georgetown. Idaho Springs is 32 miles west of Denver. For access to the stream, take exit 240 at Idaho Springs. Turn left, then turn right on old Highway 6. The stream is open to fishing most of its length. I don't think I have ever cast a dry fly on this water; perhaps I haven't fished it at the right time. However, there are caddis, a few mayflies, and stoneflies here. Drifting Prince Nymphs, Golden Stone Nymphs, and Beadhead Hare's Ears in the pocket water and deeper runs always produces a trout or two. The rainbows, browns, and Snake River cutthroat average between 8 and 12 inches. The water can be swift, so care should be taken while wading. a basic 4- or 5-weight outfit is fine, but bring plenty of split shot. |


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Hotel Campanile Est
13 Rue de Bruxelles Zac de la Valee Barrey, 14120 Mondeville, France
Show map
This is what awaits you:
Business hours of reception: Monday to Friday from 06:30 a.m. to 11:00 p.m. Saturday and...The last booking was made more than 3 days ago from France.
Hotel description Hotel Campanile Est
Business hours of reception: Monday to Friday from 06:30 a.m. to 11:00 p.m. Saturday and Sunday from 08:00 a.m. to 11:00 p.m.
The Campanile Hotel is located in Caen Mondeville, close to the Mont Saint-Michel and the beaches of "D-Day". This accomodation is the ideal place to discover the surrounding region which is rich in culture and history.
Our friendly staff is always at your disposal in order to offer you a relaxing stay, so that your business trip or your vacation will become a real success.
The hotel provides 48 comfortable rooms which offer modern amenities. Furthermore, a conference room is at your disposal.
Pets are also welcome.
Further information on the hotel
In case of late arrival after 11:00pm, please contact the reception before 11:00pm in order to get the check-in procedure.
Reception hours
Everyday 24 hours
Check-in time:12:00
Check-out time:12:00
Like this hotel?
Then save it in your bookmarks.
Show map
13 Rue de Bruxelles Zac de la Valee Barrey, 14120 Mondeville, France
Distances (km)
Tennis court | 1 |
Golf course | 15 |
City district (Caen) | 4.04 |
Station (Caen) | 3 |
Airport (Caen-Carpiquet Airport (CFR)) | 10.29 |
Airport (Le Havre Octeville Airport (LEH)) | 49.55 |
Airport (Cherbourg-Maupertus Airport (CER)) | 99.53 |
For HOTEL INFO guests
Newspaper in every room
Free WI-FI
Hotel features
- Total rooms: 48
- Double rooms: 48
- Air conditioning in public places
- No pets allowed
Room features
- Full-length mirror
- Telephone
- Vegetarian meals
Accepted credit card payments
- Visa
- MasterCard
- AmericanExpress


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- Magazine
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- Ethernet I/O Networking
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- Internet of Things
- Machine Safety
- Machine Safety Standards & Strategies
- Mechatronics @ Work: Insight & Technology Solutions
- Networking
- Opening Up Your Gateway to Asia
- Real-time Operational Intelligence (RtOI)
- The Future of Industrial PCs
- The power of PackML
- Webinars
- Channels
White Paper |
September 18, 2012
Download White Paper
Safety & Performance: How To Use an Integrated Risk Management Model
This white paper looks at how to increase business performance by using an Integrated Risk Management Model, determined by Productivity, Quality, Risk and Safety (PQRS) criteria.
This paper posits that best-of-breed manufacturers are employing safety integrated systems to their advantage, not just for safety purposes but to also achieve highly efficient systems for increased production results. Included are examples of excellence and risk performance metrics in the areas of PQRS.
COMPANIES IN THIS ARTICLE: Rockwell Automation
E-Book Special Report
IT Delivers on Automation's Promise
Sign up to receive timely updates from the editors at Automation World and download this FREE Special Report on the transformative power of data in manufacturing. By integrating information and automation technologies, manufacturers are finally achieving major gains in productivity from their automated systems.


text:
How To Gain Bass Drum Speed
Do you wish to learn how to gain bass drum speed? If you want to play double bass with the metal pros or you just want to have quick fill-ins on your kick drum with your double bass pedal, you need to start out slow. You can gain bass drum pedal speed with patience and practice.
If you want to gain bass drum speed, do the following:
- Play a slow, steady beat with both feet. Don't worry about getting off rhythm when you are starting out, By going slowly, you are training your feet the rhythm of a steady bass drum beat.
- Play along to a slow song. Play your drums as you usually would along with the song. Try to throw in a few double bass kicks in for fills. At slower speeds, your feet will recognize what they learned in your practicing at slow speeds.
- Turn off the music and pick up the speed. Now try to play your double-kick faster, keeping a steady rhythm. With all the practice you have already done, this should come more naturally.
- Back to turning on some music. This time, pick a song you want to match speed with. Don't worry if you don't hit everything right. Keep playing through the song or songs you chose. Learn them like you would be performing them for an audience.
- Practice every day. By running through these steps, you will become more coordinated and your feet will learn what you are telling them to do. In no time, you will be able to play your bass drum at the speed you desire.


text:
Hey all,
I have an old John Deere 726 snowblower. I had turned off the gas for the winter so it wouldn't sit in the carburetor and just put fresh gas in and turned the gas on to test it out for the season after changing the oil. After letting it sit for a while I noticed a strong gas smell and found that gas was leaking out the carburetor by the choke (out the opening in the below picture):
I took apart the carburetor and cleaned it thinking that the pin on the float was sticking and not shutting off the gas flow but another thorough cleaning didn't do it (the carb was very clean to start with). With the bowl off the carb I could manually push the float up and get the gas flow to stop and it flowed nicely with the float down. After taking apart and putting together a few times I started mucking with the adjustment screw on the bottom of the carb (it was screwed pretty far out to start). I was able to get the snowblower running smooth with the choke on and the screw in quite a ways. This seemed to stop the leaking, but the snowblower wouldn't run with no choke (it idled for about 30 minutes so I thought it would be warm enough). So, my main question is if there are other ideas on what to do to fix the carb leak and have it adjusted so it runs well. I also have a couple other questions resulting from this: 1. When putting the carb back together I am not sure if I got the linkage assembled correctly. Below are pictures of how it looks. Does this look right? The main thing I'm questioning is if the spring is in the right spot (now it won't stay on full throttle without being held up which it didn't do previously).
Pic of linkage with throttle mid-way:
2. Is the primer missing some parts? See the picture below - I don't see how it would accomplish anything by moving back and forth outside the choke area. Perhaps it forces some air in but I don't see how it would be pulling any fuel into the carburetor.
I did find this sectional from http://jdpc.deere.com/jdpc/servlet/com.deere.u90490.partscatalog.view.servlets.HomePageServlet_Alt and it looks like perhaps there should be a gasket (#13), but I'm not sure what good just a gasket would do here either.
Here is a link that might be useful: Pictures
Follow-Up Postings:
- Posted by blewispunk none (My Page) on Sat, Dec 3, 11 at 19:50
It seems that the adjustment on the bottom of the carb had nothing to do with stopping the leaking earlier. I adjusted it back way in and the leak is still going. Must have been a fluke. |
- Posted by blewispunk none (My Page) on Sat, Dec 3, 11 at 20:26
One other question I had in relation to this but forgot in my original post... There is a rubber drain tube beneath the carburetor which comes from the engine. I've never seen anything come out of it before but today while running the snowblower it coughed a decent amount of oil out of this drain tube. Is this just because the gas was too rich or something? Thanks! |
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text:
BBC Reports UK-U.S. Terror Plot Foiled
Re:No hand luggage... (1792 comments)
It might go something like this:
Passengers are to be kept temporarily in suspended animation, for their comfort and convenience. Coffee and biscuits are being served every year, after which passengers are returned to suspended animation for their continued comfort and convenience. Departure will take place when the flight stores are complete. We apologize for the delay.


text:
Tue, Jun 17, 14 at 20:44
Follow-Up Postings:
Oh my goodness, that is absolutely gorgeous! What an original idea. I want one! LOL How did you attach the stars to the trellis. That appears to be wire. Did you solder something to attach it to on the stars? |
- Posted by BrokenBitMosaics (My Page) on Wed, Jun 18, 14 at 9:36
Love it! A perfect place for the clematis too!!! |
Thank you. The copper wire is wrapped to a jump ring soldered to the suncatchers. I put more copper wire for the clematis to cling to. It looks really nice when the sun shines through it. Debby |
That is beautiful! What a unique idea. Thanks for sharing. This forum sure seems slow these days. I really miss seeing everyones work. My hope is that everyone is well and just busy doing other things! |
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text:
Hawks player reviews: Antti Raanta
June, 13, 2014
Doug Pensinger/Getty ImagesAntti Raanta, who will be a restricted free agent this summer, had a 2.77 goals-against average in 25 games this season.
Antti Raanta, Goaltender
2013-14 cap hit: $925,000 | Age: 25 | Season stats: 13-5-4, 2.71 GAA, .897 save percentage
Season recap: The Blackhawks brought along Raanta quicker than they planned because of injuries. After coming over from Finland, he was called up from the AHL after Nikolai Khabibulin was injured in November and became the No. 1 goaltender shortly after because of an injury to Corey Crawford. Raanta was inconsistent throughout the season, but he showed potential.
Season highlight: Raanta recorded his first NHL shutout when he stopped 26 shots in a 1-0 win over the Los Angeles Kings on Dec. 30.
Season lowlight: Raanta allowed four goals on 15 shots and was pulled in the second period against the Calgary Flames on Jan. 28.
Final grade: C+
Inside the numbers: Raanta gave up three or more goals just twice in his first 15 regular-season games. In his final 10 regular-season games, he allowed three or more goals seven times.
Notes: Raanta was one of three goaltenders to be recalled from the Rockford IceHogs of the AHL this season. Kent Simpson and Jason LaBarbera were also called up.
Quotes: "There were good games, a couple not so good games," Raanta said after the season. "It was like steady all the time, lots of good things happen. But the second half of the season there was too much ups and downs in the games and in the practice, so I think that was the main reason why I didn't get so much playing time in the last games. Of course, first year here and first year overseas out of the home country and like that, so there was lots of learning experiment. And I think after the summer, we'll see what happens in the summer time and we'll see where I'm going to be. It's going to be a fun summer to work hard and think about the future."
What's next: Blackhawks general manager Stan Bowman has expressed interest in re-signing Raanta, a restricted free agent. If he returns, the Blackhawks will want him to be more consistent in a backup role to Crawford next season.
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- ESPNChiHawks ESPN Chicago
Flat again late, Hawks blanked by ex-mate Niemi http://t.co/yTWwaLK5xO
about an hour ago
- ESPNChiHawks ESPN Chicago
- ESPNChiHawks ESPN Chicago
Rapid Reaction: Sharks 2, Blackhawks 0 http://t.co/pI3EOY9sLp
about 2 hours ago
- ESPNChiHawks ESPN Chicago
- ESPNChiHawks ESPN Chicago
Quenneville shrugs off impending wins milestone http://t.co/19PRCHxAd9
about 5 hours ago
- ESPNChiHawks ESPN Chicago
- ESPNChiHawks ESPN Chicago
Hawks thoughts: Sharp at his best http://t.co/Z3bdVBKDJw
about 14 hours ago
- ESPNChiHawks ESPN Chicago
Patrick Kane
Goals | P. Kane | 25 | ||||||||||
Assists | P. Kane | 31 | ||||||||||
+/- | D. Rundblad | 16 | ||||||||||
GAA | C. Crawford | 2.28 |


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Lori, Having seen your messages, befire I have a strong feeling that this may be our family! I don't have much at this point except the following: My grandfather was Robert James Kinnear, Born in Michigan in Septebmer 8, 1883 His parents were Robert Nelson Kinnear and Isabella McCutcheon. Robert Nelson wasborn in 1852 in Osprey Twp, Grey County. To best of the information that I have, from a copied document from a family Bible, Robert Nelson's parents were William Kinnear and Mary Telford from Ireland. It appears from this information that there was also a brother Adam. I also notices on a Canadain archives website, that there is a microfilme available to check about land grants. Robert Nelson eventually moved to Saskatchewan. I also noticed that in the same general area - at least by legal land descriptions, was an Adam Kinnear. The other two listed that were familiar were Robert James Kinnear, (the son) and William Kinnear (brother to RJ Kinnear and son to RN Kinnear). Does any of this sound familiar? Hopefully after Christmas I can get back into the research mode again. Best wishes and happy researching. Bev Flinn Notify Administrator about this message?
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text:
Tyndale (TYN) | New International Version (NIV) |
2 And they sayed: doth ye Lorde speake oly thorow Moses? doth he not speake also by us? And the Lorde herde it. | 2 "Has the LORD spoken only through Moses?" they asked. "Hasn't he also spoken through us?" And the LORD heard this. |
The Tyndale Bible is in the public domain. (Tyndale Bible) | Scripture quoted by permission. Quotations designated (NIV) are from THE HOLY BIBLE: NEW INTERNATIONAL VERSION®. NIV®. Copyright © 1973, 1978, 1984 by Biblica. All rights reserved worldwide. (New International Version Bible Online) |


text:
Development of a Normative and Abnormal QEEG Database and Normative Equations
During 30 years of basic and clinical study, BRL has constructed and maintained the largest EEG, QEEG and ERP database in the world. Support for such endeavors was provided by large research grants from the RANN Program (Research Applied To National NEEDS) of the National Science Foundation, the Bureau for the Educationally Handicapped (BEH) of the US Office of Education, and the National Institutes of Health, as well as from a number of biomedical instrument companies.
This digitally accessible system contains over 20,000 recordings as well as clinical and demographic information recorded from normal subjects and patients with a wide variety of developmental, neurological, and psychiatric problems, as well as patients undergoing surgery for cardiovascular or neurological disorders. This database consists of digital media encoding raw records as well as extracted quantitative descriptors, and is therefore readily accessible fro retrospective re-evaluation whenever it seems desirable.
From every individual in large cohorts of children, young, mature, and elderly adults ranging from 6 tom 90 years of age, all screened carefully by using neurological, psychological, and psychiatric examinations as well as their social histories, EEG and multimodal ERP (visual, auditory, P300, somatosensory) recordings were made under carefully standardized conditions. A set of about 2000 features was extracted from each of these recordings. These measures displayed extremely lawful development with age. Therefore, using these data transformed to yield Gaussianity, a set of normative equations were constructed to provide the mean value and standard deviations for the distribution of each of these variables as a function of age. These normative equations have been independently confirmed in over 15 countries, and found to be independent of ethnic or cultural influences. The use of Z-values to convert every QEEG feature to standard scores relative to a normative reference has been adopted as standard practice in QEEG research and clinical studies throughout the world.


text:
With the value adding textile segments appealing to the Government to ban cotton yarn exports, Southern India Mills' Association has said that cotton yarn is available in surplus in the domestic market.
The current issue regarding cotton yarn is price and not availability. "The high volatility in the raw cotton price due to various negative policies announced by the government, particularly in the recent months, has been the root cause for the current turmoil in the cotton textile industry," J. Thulasidharan, chairman of the association, has said in a release.
Cotton yarn (hosiery) prices went up from Rs. 195 a kg in September to Rs. 203 on October 1. The prices increased to Rs. 210 a kg on October 20 and to Rs. 217 a kg on October 26. On November 1, the prices shot up to Rs. 224 a kg. The Tirupur Exporters' Association has appealed to the Government to ban cotton yarn exports immediately.
Mr. Thulasidharan appealed to the downstream value adding segments to join hands with the spinning sector and appeal to the Government to expedite announcement of a fibre policy. Yarn prices for 40s count combed hosiery yarn had increased by 15 per cent as against 50 per cent increase in cotton prices.
Garment and made up segments should be in a position to absorb the increase in yarn prices, which accounted for only 30 to 35 per cent of the cost of production, he said. The downstream sectors were unable to pass on the increase in yarn price fully to the end users because of the abnormal increase in various other costs of production. The down stream sectors should invest in automation and modern technology and adopt best practices to sustain their competitiveness.
Further, the problems faced by the textile industry would be minimised if the Government had deferred cotton exports to January, 2011.
Production of cotton yarn was increasing since 2005-2006. Supply of hosiery yarn in the domestic market had increased from 74.8 million kg in April 2010 to 82.3 million kg in August 2010. Supply of weaving yarn had also increased. Hence, surplus yarn was available in the market for domestic consumption, he said.
Keywords: textile industry, export product


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6:33 am
Mon July 22, 2013
Septuagenarian Superhero? Man Lifts Car Off Son-In-Law
By editor
Originally published on Mon July 22, 2013 7:30 am
Good morning. I'm David Greene with a tale of neither a bird nor a plane. Cecil Stuckless was fixing a Jeep in Salvage, Newfoundland with his son-in-law, who was working under the car. Stuckless told the CBC he was getting a tool when the car suddenly fell. He summoned all his strength and lifted the Jeep just enough to save his son-in-law. Impressive for anybody, let alone a 72-year-old.
Asked if he was Superman, Cecil said: No, I'm not super. I just did what I could.
It's MORNING EDITION. Transcript provided by NPR, Copyright NPR.


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Willow Brook News
A Word from the CEO (November 2013)
Willow Brook is gliding through this beautiful season of color in fine form. The assisted living expansion at our Delaware Run community is coming together beautifully. It is a crazy project—adding a second and third floor above the existing first level, but it is turning out well. We expect to complete the project in February.
Even more, there is a revolution raging behind the scenes that may be invisible to you. Our computers. We are changing most of our operating systems, affecting accounting, payroll, human resources, and most significantly, our nursing departments. It all is creating quite a stir with most everyone in every department. The greatest disturbance is on the floors of our healthcare centers. For the first time, we are implementing electronic charting in our two nursing homes and three assisted living facilities.
We are moving away from paper records. In the not-so-distant future, nurses, aides, social workers and therapists will be punching keys on laptops and I-Pads, instead of putting pen to paper. The advantages are great in terms of records storage, coordination with care-team members, and transfer of information with doctors, pharmacies, and hospitals.
Progress, they call it. For sure, the conversion comes with disruption and pain, but the changes are necessary, and the rewards will be worth it. So stay tuned.
With love to all,
Larry Harris, CEO
Marlene Andersen Honored at RAP Banquet
Marlene Andersen, at Willow Brook Christian Village, was honored the other day at the annual conference of Resident Activity Personnel in Ohio banquet. RAP is the organization dedicated to long-term care activity people who are support the recreational, social and psychological needs of aging residents. RAP maintains the quality standards for certification, promotes professional growth, and develops ethical guidelines for members. Marlene received the "The Innovation Award" for unique, innovative programming. It is quite an honor, and we are all very proud!
The Roof is On
The roof is on, the windows and outside doors are in, siding is almost complete, and in November, the assisted living residents who had taken up temporary quarters on the apartment side of Delaware Run will move back home. Then construction will be completed on the second and third floors. Folks should be able to move into their new homes in late winter. Save the date of April 17, 2014 for the grand opening!
A Word from the CEO (October 2013)
Willow Brook offers a continuum of services and living arrangements for older adults – everything from independent living to skilled nursing care, with three or four steps in between. We didn't pioneer the concept, but we most surely have taken the pattern and "kicked it up a notch," as celebrity TV chef Emeril Lagasse would say. All things at Willow Brook are done with flair – carpet in our nursing homes, restaurant-style dining (yes, even in the nursing homes), creative architecture that works with the natural undulations of the land and is accommodating to precious trees.
We meet our old friends where they are, and serve them in the lowest-cost setting that best meets their needs, not what will produce the most revenue. A few years back when we opened our adult day care center at Willow Brook Christian Village, a colleague from another senior community shared his observation that this new service might deflect admissions to our assisted living centers and nursing homes. "You'll lose a lot of revenue," he said. True enough. But the way we see it, if someone's needs can be met in a daytime setting for one-third the cost of a nursing home, then we would be negligent to not encourage it.
And that reminds me of one more thing we have kicked up notch – integrity. We will always be straight with you. Our motives are pure. Your needs and wants have always driven our decisions. And that, as you know better than anyone, makes all the difference in the world.
With love to all, Larry Harris, CEO
2013 Intergenerational Volunteer Service Award
Village volunteers, the Rainbow Kids, were just awarded the 2013 Intergenerational Volunteer Service Award at the LeadingAge Ohio awards luncheon at the Hilton Hotel in Columbus today.
Recognized for their weekly visits at the Willow Brook Christian Village Cherith Care Center, the Rainbow Kids have been gathering for nearly a decade. They share songs, chat with residents, and three times a year collaborate with the Willow Brook Singers to produce musical shows to entertain on the Delaware campuses.


text: Handles - FRESH (prod.by Best Kept Secret) By Handles Posted Oct 27, 2011 at 12:00 AM 0 0 0Comments 25 Views new record off the upcoming mixtape Done Thinking hosted by DJ Suss One Share Tweet gplus thumblr pinterest 1 FRESH (prod.by Best Kept Secret) Handles Follow Artist Embed Me To Playlist Download Songs Mixtapes Videos 0 0 0 25 Powered By HOTNEWHIPHOPhotnewhiphop.com Edit Colors Full Player Simple Player Embed Script Copy Short Link Copy Iframe Copy Preview Full Player Simple Player Embed Code Copy NOTE: Minimum player width is 370 pixels, height is 50 pixels. Back Full Player Simple Player NOTE: Player width is 450 pixels, height is 50 pixels. Title Artist Back 01:23 04:56 Embed Code Copy


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Books & Music Career Computers Education Family Food & Wine Health & Fitness Hobbies & Crafts Home & Garden Money News & Politics Relationships Religion & Spirituality Sports Travel & Culture TV & Movies
Archive by Article Title | Archive by Date The Complete Joy of Homebrewing , 3rd Edition This is the brewers bible of homebrewing books. The Dark Side of Karen Eland Karen Eland of Bend, Oregon has expanded the culture of beer in ways unlike any other. Think: Michelangelo and DaVinci, Vermeer, Picasso or Van Gogh. The Elite Pride of Women Brewers Women seem to have a natural affinity for brewing. This thing...this inexplicable brewing thing...something about it cannot not be ignored! The Ginger Man - A Book Review J.P. Donleavy is brilliant. This picaresque novel, written in a modified style of stream of consciousness, is constantly moving, giving the reader little time to ponder a moral or ethical dissection of Dangerfield's antics. The Grand Embellishment of Food with Beer Beer illuminates the flavors in food like a grand display of fireworks and laser shows! Discover the secrets that light up your senses in beer cookery. The Great Alaska Beer & Barley Wine Festival - History Past & Present Great Jazz, Be-bop, and Rock filled every corner, setting the elevated mood. Wall-to-wall people
having fun
enjoying taste. The Greatest American Beer Competition of All The 2012 Great American Beer Festival celebrated its 31st year, but the original commercial beer competition did not ramp-up until two years after the festival was founded, currently placing the competition segment in its 29th year. The Headhouse - Philly's Heady New Beer Bar In early March 2010, Bruce Nichols and Madame Saito will be presenting The Headhouse, a new bar experience in the Society Hill section of Philadelphia, with a focus on great regional craft beer and fusion cuisine. The Human Growler Becomes a Legend In his third attempt to seize the title, Steve Hawk, the Hawkenator better known in Philadelphia circles as The Human Growler - captured the coveted title as Philly Beer Geek 2010 at the Philly Beer Geek Finals Competition on June 10th during the last Thursday of Philly Beer Week. The Magic of Brewers' Yeast Yeast has the ability to impart specific flavors to beer, just as surely as sourdough starter imparts a distinctive flavor to a loaf of French bread.
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GOD'S WORD Translation (GW) | New International Version (NIV) |
4 I will make these people a horrifying sight to all the kingdoms on the earth. This will happen because of what Judah's King Manasseh, son of Hezekiah, did in Jerusalem. | 4 I will make them abhorrent to all the kingdoms of the earth because of what Manasseh son of Hezekiah king of Judah did in Jerusalem. |
GOD'S WORD® is a copyrighted work of God's Word to the Nations. Copyright © 1995 by God's Word to the Nations. All rights reserved. Used by permission. (God's Word Translation -Online Bible) | Scripture quoted by permission. Quotations designated (NIV) are from THE HOLY BIBLE: NEW INTERNATIONAL VERSION®. NIV®. Copyright © 1973, 1978, 1984 by Biblica. All rights reserved worldwide. (New International Version Bible Online) |


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Whew. We're still here. The Mayan doomsday prophecy for Dec. 21 was wrong, something the stock market seemed to anticipate by rising more than 1% on the week. That was an especially decent result in view of the doomsday scenario playing out in Washington, where politicians remain firmly at odds over how to manage the country's finances.
Stocks fell about 1% Friday, halving their intraweek gain, after the House of Representatives failed to pass the so-called Plan B tax bill promised by House Speaker John Boehner. That head-fake refueled worries that Washington won't come to an agreement on the—dare we say it—coming tax hikes and government cuts. Some call it the fiscal cliff.
The past month's stock rally was largely predicated on an assumption that the Obama Administration and House Republicans would come to a compromise in a timely manner—if not exactly by the ostensible Dec. 31 deadline.
Many expected the tax bill's failure to whack equities, but the market's muted reaction suggests there remains a fair amount of expectation among investors that a deal will be struck. The Dow Jones Industrial Average rose 56 points, or 0.4%, on the week, to 13,190.84, while the Standard and Poor's 500 index gained 17 points, or 1.2%, to 1430.15. The Nasdaq Composite added 50 points, or 1.7%, to 3021.01.
"I'm still constructive on the market and cautiously optimistic," says Seth Setrakian, a partner at First New York Securities. "Somewhere there is competence in Washington. There's a middle ground and they have to find it." The market will tolerate extending the deadline into January if there is strong evidence that a deal is coalescing, he adds.
Since plenty of cash remains on the sidelines, market observers generally think indexes will leap in the event of a deal, perhaps to 1500 or more on the S&P 500 in a relatively short period of time. That could be followed by a kneejerk profit-taking round once the details of the tax hikes and government spending cuts are digested. "We could have a deal, but it's what's in the deal that matters," says Kim Forrest, a senior equity analyst at Fort Pitt Capital Group.
WHILE THERE MIGHT BE a fiscal cliff, "it doesn't look like we are about to fall off an economic cliff," Forrest says. On the whole, last week's important economic data continued an upswing seen in recent weeks. U.S. third-quarter gross domestic product was revised upward, for example, to 3.1% from 2.7%. Small-business merger and acquisition activity seems lively, she adds, and that's a good sign for equities.
It has been a year of relatively low stock-market volatility but the longer these fiscal talks drag on, the more likely that will change.
THE ICE MAN CAMETH. Following a proposal last week from the upstart IntercontinentalExchange ice 0.4197783960560355% Intercontinental Exchange Inc. U.S.: NYSE USD205.73 0.86 0.4197783960560355% /Date(1422655360069-0600)/ Volume (Delayed 15m) : 982068 AFTER HOURS USD205.73 % Volume (Delayed 15m) : 38684 P/E Ratio 48.922762294302295 Market Cap 23090283203.125 Dividend Yield 1.2637923491955476% Rev. per Employee 933039 More quote details and news » (ticker: ICE) to acquire NYSE Euronext (NYX) for more than $8 billion, NYSE shareholders face some crucial decisions, potentially right away, even though the deal won't close until the second half of 2013.
NYSE holders can take cash now by selling into the market, or wait for the cash or ICE stock or some combination thereof in 2013. ICE is offering NYSE holders about $33.12 a share, or 0.258 of an ICE share, or a mix of $11.27 in cash plus 0.17 of an ICE share for each NYSE share. ICE is paying a 38% premium to the last NYSE closing price before the deal was announced Thursday. NYSE closed at $32.25, and ICE at $126.25.
There should be plenty of time to cogitate. However, any investor contemplating cash must consider that tax rates on capital gains are likely to go up in 2013 from the current 15%. Selling NYSE shares into the market before year end 2012 could bring a lower tax bill.
And, given the premium being paid, gains there will be if you bought the NYSE stock in 2012, potentially big ones if you purchased after March.
The way things look now, for a long-term-oriented investor, waiting to take all ICE stock might be the soundest way forward. For one thing, it will obviate the capital-gains liability, now or next year. And NYSE holders will get their 3.7% dividend yield while waiting. ICE doesn't have a dividend.
Second, and more important, this looks like a good deal for ICE, a big player in commodities exchanges and a leader in derivatives, particularly on energy. For investors who take its shares, it will be a good way to participate in ICE's future growth and the profits it can wring out of the NYSE acquisition.
"ICE got a great deal," says Martin Leclerc, the chief financial officer at Barrack Yard Advisors, which holds NYSE shares. Given the relatively slower growth prospects for equities trading compared with derivatives, "the combined company is much better positioned to take advantage of the future than NYSE alone."
ICE is mainly interested in NYSE's Liffe, the London-based derivatives market, which is a leader in commodities and interest-rate derivatives products. Growth there is likely to be higher than that of the cash equities trading of the NYSE and the four Euronext exchanges in Paris, Amsterdam, Brussels, and Lisbon.
In the past five years or so, the NYSE trading floor's market share in equities trading has fallen to less than 25% from about 80%. Volume has gone to faster and cheaper nontraditional venues such as the interbank-operated dark pools and BATS Global Markets, among others. Greater regulation, less of an issue for derivatives exchanges, has cost the stock exchanges, as well.
That has fueled consolidation. Following the deal, there will remain in addition to ICE just a handful of major exchanges around the world—the CME Group CME -1.0670378102528415% CME Group Inc. Cl A U.S.: Nasdaq USD85.3 -0.92 -1.0670378102528415% /Date(1422655200222-0600)/ Volume (Delayed 15m) : 1399527 AFTER HOURS USD85.1 -0.2 -0.23446658851113716% Volume (Delayed 15m) : 134029 P/E Ratio 28.05921052631579 Market Cap 29042444386.4822 Dividend Yield 2.2039859320046893% Rev. per Employee 1083770 More quote details and news » (CME), Deutsche Boerse db1.xe -0.5263927474777014% Deutsche Boerse AG Germany: Xetra EUR68.03 -0.36 -0.5263927474777014% /Date(1422660923000-0600)/ Volume (Delayed 15m) : 771720 P/E Ratio 18.844875346260388 Market Cap 13199269882.2021 Dividend Yield 3.086873438189034% Rev. per Employee 612516 More quote details and news » (DB1.Germany), Hong Kong Exchange & Clearing 0388.hk 0.16825574873808188% Hong Kong Exchanges & Clearing Ltd. Hong Kong HKD178.6 0.3 0.16825574873808188% /Date(1422655264000-0600)/ Volume (Delayed 15m) : 3995925 P/E Ratio 44.42786069651741 Market Cap 208283934502.459 Dividend Yield 2.049272116461366% Rev. per Employee 7628950 More quote details and news » (0388.Hong Kong), and the Nasdaq OMX Group NDAQ 0.951959264998893% NASDAQ OMX Group Inc. U.S.: Nasdaq USD45.6 0.43 0.951959264998893% /Date(1422655200220-0600)/ Volume (Delayed 15m) : 1369838 AFTER HOURS USD45.6 % Volume (Delayed 15m) : 66975 P/E Ratio 16.402877697841728 Market Cap 7573427246.09375 Dividend Yield 1.3157894736842106% Rev. per Employee 1040120 More quote details and news » (NDAQ).
Leclerc attributes about $6 billion of the acquisition value to Liffe and $2 billion to the rest. Moreover, ICE is going to hive off Euronext one way or another. It probably is worth about $1 billion, according to a report from Sandler O'Neill & Partners.
"But [the NYSE's] equity-trading business conditions are probably at a bottom," says Leclerc, and ICE can improve the NYSE's cost structure. "ICE's chief executive, Jeffrey Sprecher, has a phenomenal track record," and the $450 million in cost synergies are "pretty credible….Liffe is a big opportunity for ICE."
Additionally, there's a strong case for the long-term growth of derivatives trading. Regulators are trying to inject more transparency into the relatively opaque world of derivatives trading, notes Leclerc, by pushing such activity onto exchanges and away from over-the-counter markets.
It's going to be a long wait, and that adds to the decision risk. It's hard to predict the regulatory landscape one year out. And there's always the possibility that regulators will object, or that the deal could fall apart somehow, but those are relatively low risks.
Says Leclerc: "If I had to do decide today, I'd take the stock." Waiting for the ICE man seems worth it.
WITH THE HOLIDAYS UPON US, it's the season when everyone, including Barron's columnists, examines the year that's about to close. The U.S. stock market is up 14% year to date, so in purely financial terms, we'd like to look back with fondness.
Alas, we cannot, at least not when it comes to the 80 or so stock and sector calls that this column typically publishes annually. The average price return of the column's stock picks during the course of the past 12 months was 4% as of Dec. 18, significantly below the S&P 500. (This reckoning doesn't include guest-columnist picks. Stocks are measured from the Friday before the item is published, and we've left out group and sector picks, some of which had five names and more listed.)
This performance puts us in a slow, but big boat: Some 75% of domestic long-only mutual fund managers were underperforming their benchmarks as of Dec. 18, according to Lipper. But it's cold comfort.
On the plus side go our positive assessments of the following companies, which were born out by subsequent double-digit-percentage stock outperformance: regional bank BB&T BBT -1.0653209980375666% BB&T Corp. U.S.: NYSE USD35.29 -0.38 -1.0653209980375666% /Date(1422655365735-0600)/ Volume (Delayed 15m) : 5261509 AFTER HOURS USD35.29 % Volume (Delayed 15m) : 215452 P/E Ratio 12.740072202166065 Market Cap 25693027343.75 Dividend Yield 2.7203173703598753% Rev. per Employee 291988 More quote details and news » (BBT); CVS Caremark CVS -1.9478573569074018% CVS Health Corp. U.S.: NYSE USD98.16 -1.95 -1.9478573569074018% /Date(1422655303727-0600)/ Volume (Delayed 15m) : 5915898 AFTER HOURS USD98.25 0.09 0.09168704156479218% Volume (Delayed 15m) : 245495 P/E Ratio 25.113208995318136 Market Cap 114764406250 Dividend Yield 1.426242868785656% Rev. per Employee 649490 More quote details and news » (CVS); the contingent-value rights (GCVRZ) of Sanofi sny -1.9361702127659575% Sanofi ADS U.S.: NYSE USD46.09 -0.91 -1.9361702127659575% /Date(1422655284057-0600)/ Volume (Delayed 15m) : 1960224 AFTER HOURS USD46.14 0.05 0.10848340203948796% Volume (Delayed 15m) : 25002 P/E Ratio 21.870551390338807 Market Cap 109156997182.225 Dividend Yield 4.143519201562161% Rev. per Employee 400015 More quote details and news » (SNY); Southwest Airlines LUV -3.8518833794424348% Southwest Airlines Co. U.S.: NYSE USD45.18 -1.81 -3.8518833794424348% /Date(1422655355594-0600)/ Volume (Delayed 15m) : 11411784 AFTER HOURS USD45.54 0.36 0.796812749003984% Volume (Delayed 15m) : 587466 P/E Ratio 27.05389221556886 Market Cap 31894181640.625 Dividend Yield 0.5312084993359893% Rev. per Employee 415003 More quote details and news » (LUV); railroad Union Pacific UNP -2.398201348988259% Union Pacific Corp. U.S.: NYSE USD117.21 -2.88 -2.398201348988259% /Date(1422655610471-0600)/ Volume (Delayed 15m) : 4004778 AFTER HOURS USD117.21 % Volume (Delayed 15m) : 414316 P/E Ratio 20.27854671280277 Market Cap 106771898437.5 Dividend Yield 1.7063390495691493% Rev. per Employee 516482 More quote details and news » (UNP); GameStop GME -2.812241521918941% GameStop Corp. Cl A U.S.: NYSE USD35.25 -1.02 -2.812241521918941% /Date(1422655412802-0600)/ Volume (Delayed 15m) : 2434365 AFTER HOURS USD35.5 0.25 0.7092198581560284% Volume (Delayed 15m) : 600415 P/E Ratio 10.9472049689441 Market Cap 3935839111.32812 Dividend Yield 3.74468085106383% Rev. per Employee 559041 More quote details and news » (GME); and JC Penney JCP -2.546916890080429% J.C. Penney Co. Inc. U.S.: NYSE USD7.27 -0.19 -2.546916890080429% /Date(1422655289593-0600)/ Volume (Delayed 15m) : 10303650 AFTER HOURS USD7.36 0.09 1.2379642365887207% Volume (Delayed 15m) : 174660 P/E Ratio N/A Market Cap 2274195800.78125 Dividend Yield N/A Rev. per Employee 103812 More quote details and news » (JCP), among others.
In particular, we pointed out how undervalued the initial bid for Great Wolf was during the buyout battle for its shares waged last spring. The stock subsequently rose 41%. We also noted that a split-up of Ralcorp (RAH) into separate branded and private-label food companies would attract buyers, and it did. Con Agra CAG -2.851658897724157% ConAgra Foods Inc. U.S.: NYSE USD35.43 -1.04 -2.851658897724157% /Date(1422655458386-0600)/ Volume (Delayed 15m) : 3082297 AFTER HOURS USD35.43 % Volume (Delayed 15m) : 57624 P/E Ratio 35.3663405869435 Market Cap 15533193359.375 Dividend Yield 2.822466836014677% Rev. per Employee 508552 More quote details and news » (CAG) recently agreed to buy Ralcorp. The return for the two companies has been 36%.
However, these must be weighed against lousy bullish calls on Staples spls -0.26323486399532026% Staples Inc. U.S.: Nasdaq USD17.05 -0.045 -0.26323486399532026% /Date(1422655200363-0600)/ Volume (Delayed 15m) : 7593731 AFTER HOURS USD17.05 % Volume (Delayed 15m) : 172658 P/E Ratio 17.94736842105263 Market Cap 10937415039.0625 Dividend Yield 2.8152492668621703% Rev. per Employee 273578 More quote details and news » (SPLS), down 25%; NetApp ntap -0.6831318970047294% NetApp Inc. U.S.: Nasdaq USD37.8 -0.26 -0.6831318970047294% /Date(1422655200288-0600)/ Volume (Delayed 15m) : 2981632 AFTER HOURS USD37.85 0.05 0.13227513227513227% Volume (Delayed 15m) : 123873 P/E Ratio 19.484536082474225 Market Cap 11863036132.8125 Dividend Yield 1.746031746031746% Rev. per Employee 504203 More quote details and news » (NTAP), off 28%; Joy Global JOY -1.271186440677966% Joy Global Inc. U.S.: NYSE USD41.94 -0.54 -1.271186440677966% /Date(1422655371913-0600)/ Volume (Delayed 15m) : 938714 AFTER HOURS USD41.94 % Volume (Delayed 15m) : 27839 P/E Ratio 12.632530120481928 Market Cap 4136320312.5 Dividend Yield 1.9074868860276586% Rev. per Employee 245348 More quote details and news » (JOY), a maker of mining equipment, down 22%; and coal stocks such as Arch Coal ACI 3.0447827536392933% Arch Coal Inc. U.S.: NYSE USD0.9273 0.0274 3.0447827536392933% /Date(1422655258469-0600)/ Volume (Delayed 15m) : 6277740 AFTER HOURS USD0.931 0.0037 0.39900787231748086% Volume (Delayed 15m) : 101815 P/E Ratio N/A Market Cap 191025375.366211 Dividend Yield 1.0783996549121104% Rev. per Employee 543275 More quote details and news » (ACI), down 26%, and Alpha Natural Resources ANR 7.216494845360825% Alpha Natural Resources Inc. U.S.: NYSE USD1.04 0.07 7.216494845360825% /Date(1422655199416-0600)/ Volume (Delayed 15m) : 5308671 AFTER HOURS USD1.01 -0.03 -2.8846153846153846% Volume (Delayed 15m) : 53677 P/E Ratio N/A Market Cap 214924850.463867 Dividend Yield N/A Rev. per Employee 411424 More quote details and news » (ANR), down 33%.
Regarding Alpha, we checked back with David Steinberg, a deep-value portfolio manager with DLS Capital Management. He's continued to load up on coal stocks. Global coal demand is going to surprise folks, and natural-gas prices—an alternative—have begun to rise, he says. We think in the long run he'll be right about coal, but it's been a tough year.
The worst pick was small-cap Poseidon Concepts (PSN.Canada), which makes water-holding tanks for energy-exploration firms. Day rental rates have fallen sharply and drilling activity has dropped, leading to a big unexpected decline in third-quarter earnings. The stock is down 75%. That's just one call out of many, but it's a painful loss. Without our coal and Poseidon picks, we'd be up 6%, a little better but still not great.
This column also includes the occasional bearish items. Here, too, performance is nothing to write home about, though the average rise of 9.5% for our skeptical calls is mainly the result of one spectacularly bad pick: Schiff Nutrition International (SHF), recently bought by Reckitt Benckiser Group RB.LN -1.5734265734265733% Reckitt Benckiser Group PLC U.K.: London GBP5630 -90 -1.5734265734265733% /Date(1422657357000-0600)/ Volume (Delayed 15m) : 1815584 P/E Ratio 0.21732297060154077 Market Cap 41045308422.4665 Dividend Yield 2.1314387211367674% Rev. per Employee 261887 More quote details and news » (RBGPY).
Without that, our skeptical calls would be down a more respectable average 1.4%. Our pessimistic views of truck maker Navistar NAV -3.032300593276203% Navistar International Corp. U.S.: NYSE USD29.42 -0.92 -3.032300593276203% /Date(1422655622396-0600)/ Volume (Delayed 15m) : 763081 AFTER HOURS USD29.42 % Volume (Delayed 15m) : 6791 P/E Ratio N/A Market Cap 2470131103.51563 Dividend Yield N/A Rev. per Employee 701688 More quote details and news » (NAV), Argentine oil company YPF ypf 1.9565217391304348% YPF S.A. ADS U.S.: NYSE USD23.45 0.45 1.9565217391304348% /Date(1422655325649-0600)/ Volume (Delayed 15m) : 1402085 P/E Ratio 7.393278264707737 Market Cap 12967453125 Dividend Yield 1.2358976545842217% Rev. per Employee 951689 More quote details and news » (YPF), McDonald's MCD -0.8898895679210893% McDonald's Corp. U.S.: NYSE USD92.44 -0.83 -0.8898895679210893% /Date(1422655219465-0600)/ Volume (Delayed 15m) : 12081420 AFTER HOURS USD92.56 0.12 0.12981393336218086% Volume (Delayed 15m) : P/E Ratio 18.0546875 Market Cap 90770734375 Dividend Yield 3.6780614452617915% Rev. per Employee 62366.6 More quote details and news » (MCD), Mattress Firm Holding mfrm -5.416940249507551% Mattress Firm Holding Corp. U.S.: Nasdaq USD57.62 -3.3 -5.416940249507551% /Date(1422655200210-0600)/ Volume (Delayed 15m) : 203324 AFTER HOURS USD57.62 % Volume (Delayed 15m) : P/E Ratio 42.058394160583944 Market Cap 2133296630.85938 Dividend Yield N/A Rev. per Employee 393632 More quote details and news » (MFRM), and the popular Internet real estate site Zillow z -1.4138948225002543% Zillow Inc. Cl A U.S.: Nasdaq USD96.92 -1.39 -1.4138948225002543% /Date(1422655200033-0600)/ Volume (Delayed 15m) : 1154818 AFTER HOURS USD97 0.08 0.08254230293025175% Volume (Delayed 15m) : P/E Ratio N/A Market Cap 3997623168.94531 Dividend Yield N/A Rev. per Employee 357297 More quote details and news » (Z), all turned out to be well founded.
Nevertheless, with a 4% rise, a lump of coal is in order and we'll have to try harder next year. We'll consider 2012 a nonrecurring loss and get right back on our horse for 2013.
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A report in Wednesday's LA Times highlights a conundrum that's been puzzling us since talk began of a gasoline tax being included in the climate bill that Senators Kerry, Graham and Lieberman are expected to introduce next week (our emphasis):
As negotiations build toward a scheduled unveiling of the bill next week, it's still unclear whether major oil companies and their trade group, the American Petroleum Institute, will explicitly endorse the legislation or at least agree not to fund an ad campaign opposing it. Proponents of a climate bill say such backing would be a major coup.
Several reports have suggested that oil companies themselves would prefer a form of carbon tax to a cap-and-trade scheme, and the LA Times specifically mentions Shell, BP and ConocoPhillips. Those three companies had all been members of US-CAP, an alliance supporting cap-and-trade, until February, when BP and Conoco withdrew from the group.
So, why support a carbon tax now, when any attempt to price carbon is arguably on rather shaky ground? Consider the position of the oil industry's peak group in the US and things look even more complicated.
The American Petroleum Institute's president Jack Gerrard told Greenwire, when the possibility of an oil or gasoline tax first emerged last month, that the API supported a tax. But his reasons seemed to cover both the environmental benefits and the possibilities for criticising such a tax:
Gerard said that the carbon fee approach would yield net environmental benefits, while giving consumers the most transparent signal they can get about what the costs are from the program. Unlike the House bill's cap-and-trade system, oil companies would pass through the costs with signs at the gas pump letting people know they're paying more because of U.S. efforts to deal with climate change.
As Greenwire reported earlier this month, the API is running an advertising campaign featuring the slogan "Tell Washington to say no to energy industry taxes." The organisation says it refers to plans by the Obama administration to wind back tax breaks for petroleum companies, but the group's strident opposition to the Waxman-Markey bill last year does make us wonder.
On the other hand, it could be a genuine preference for a taxation system, which — as some economists and the odd environmentalist have pointed out — is potentially a better way of pricing carbon from a business point of view, because it gives more price certainty than a cap-and-trade system. Conoco's chief executive Jim Mulva, for example, expanded on why he likes the sound of the new bill in comparison to Waxman-Markey recently in FT ES — and he gave other reasons for this, such as the earlier bill's treatment of natural gas.
It's notable that Exxon, the biggest oil company, was not listed as among those signalling support for a gasoline tax. Company chief executive Rex Tillerson has voiced a preference for a carbon tax. His calls have generated scepticism and arguments that a tax is easier to lobby against than cap-and-trade.
So much for the oil majors and the API. The views of stand-alone refiners, who have been enduring a much tougher operating environment than their integrated peers, are probably less ambivalent – the NY Times reported last week that refiner Valero has contributed $500,000 towards a ballot initiative against new Californian greenhouse gas regulations. Fellow refiner Tesoro had also contributed, the report said. Senator Graham last month said that a tax on motor fuels would be applied at the refinery level.
Related links:
Shell remains in climate action partnership as others withdraw - FT ES
Oh, so that's why you want to tax gasoline – FT ES