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On this day in 1961, Christian Karl Gerhartsreiter, a con man who went by the alias Clark Rockefeller and passed himself off as an American blueblood, is born in Germany. Gerhartsreiter gained the public spotlight in 2008, when he kidnapped his young daughter and became the target of an international manhunt. The attention the case sparked helped lead to Gerhartsreiter's conviction in 2013 for the murder of a California man in the 1980s.
Gerhartsreiter, the son of a landscape painter and seamstress, was raised in Bergen, Germany, and came to America as a teenager on a tourist visa in 1978. By the early 1980s, he was living in San Marino, California, where he went by the name Christopher Mountbatten Chichester and claimed to be a movie producer, among other occupations, as well as a relative of Lord Mountbatten, the British statesman. He rented a small guesthouse from Didi Sohus, whose son and daughter-in-law, John and Linda Sohus, lived with her. In 1985, John and Linda Sohus disappeared. Soon after, Gerhartsreiter moved to Greenwich, Connecticut, where he presented himself as a wealthy individual named Christopher Crowe and used a fake social security number to land jobs with several firms on Wall Street.
By the early 1990s, he was passing himself off as Clark Rockefeller, a member of one of America's most famous families, who made their fortune in the oil business. Living in New York City as Clark Rockefeller, Gerhartsreiter owned an impressive (but later believed to be fake) art collection, dined at private clubs, wore silk ascots and told people that he worked helping Third World countries manage their debt. He was described as intelligent and eccentric by those who knew him. In 1995, he married Sandra Boss, a Harvard-educated executive at a management consulting firm. After moving to Boston, the couple purchased a multi-million-dollar town house there, as well as an estate in Cornish, New Hampshire. When their daughter Reigh was born in 2001, Gerhartsreiter stayed home to raise her while Boss supported the family. After filing for divorce in 2007, Boss (who later stated she was unaware her husband was a fraud during their marriage) paid Gerhartsreiter an $800,000 settlement and gained custody of Reigh.
On July 27, 2008, during a court-supervised visit in Boston, Gerhartsreiter abducted his 7-year-old daughter and took her to Baltimore, Maryland, where he had already found a home and established a new identity as Chip Smith, a yacht captain. Following a highly publicized manhunt, Gerhartsreiter was captured by police on August 2 outside his Baltimore residence. His daughter was unharmed.
In June 2009, Gerhartsreiter was convicted of kidnapping his daughter and sentenced to a maximum of five years in prison. The spotlight on Gerhartsreiter brought renewed attention to the unsolved murder of John Sohus, whose dismembered remains were found buried in the backyard of his former house in San Marino in 1994. Sohus' wife has never been found. In March 2011, Gerhartsreiter was charged in connection with John Sohus' death. During the serial impostor's trial, prosecutors presented an array of circumstantial evidence linking him to the crime, including the fact that two unearthed bags of Sohus' remains had logos from the University of Wisconsin-Milwaukee and the University of Southern California, schools Gerhartsreiter once attended. On April 10, 2013, a jury convicted Gerhartsreiter of first-degree murder, and he later was sentenced to 27 years to life in prison.
Also on This Day
- Lead Story
- Malcolm X assassinated, 1965
- American Revolution
- George Weedon is promoted to brigadier general, 1777
- Automotive
- NASCAR founded, 1948
- Civil War
- North and South clash at the Battle of Valverde, 1862
- Cold War
- Nixon arrives in China for talks, 1972
- Crime
- Rockefeller imposter and convicted felon born, 1961
- Double agent Aldrich Ames is arrested, 1994
- Disaster
- Tornadoes move across Mississippi River Delta, 1971
- General Interest
- Marx publishes Manifesto, 1848
- Washington Monument dedicated, 1885
- Nixon in China, 1972
- Hollywood
- Garbo's first U.S. film opens, 1926
- Literary
- Erma Bombeck is born, 1927
- Music
- Dolly Parton cements her crossover success as "9 to 5" hits #1, 1981
- Old West
- Cherokee receive their first printing press, 1828
- Presidential
- John Quincy Adams suffers a stroke, 1848
- Sports
- Dick Button wins second Olympic figure skating gold, 1952
- Vietnam War
- Bernard Fall killed by mine in South Vietnam, 1967
- Kissinger begins secret negotiations with North Vietnamese, 1970
- Nixon visits China, 1972
- World War I
- Battle of Verdun begins, 1916
- Allied troops capture Jericho, 1918
- World War II
- Tojo makes himself "military czar", 1944
Feb 21, 1961:
Rockefeller imposter and convicted felon born
Fact Check We strive for accuracy and fairness. But if you see something that doesn't look right, contact us!
This Week in History, Feb 21 - Feb 27
- Feb 21, 1961
- Rockefeller imposter and convicted felon born
- Feb 21, 1994
- Double agent Aldrich Ames is arrested
- Feb 22, 2006
- Gang commits largest robbery in British history
- Feb 22, 2014
- World's most-wanted drug kingpin is captured in Mexico
- Feb 23, 1885
- A remarkable reprieve for a man sent to the gallows
- Feb 24, 1981
- Harris is convicted of murdering Scarsdale Diet doctor
- Feb 25, 1949
- Actor Robert Mitchum is released after serving time for marijuana possession
- Feb 26, 1993
- World Trade Center is bombed
- Feb 26, 2012
- Florida teen Trayvon Martin is shot and killed
- Feb 27, 1991
- Video recreates the crime
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The story behind this time capsule 1977 Dodge Colt has the makings for a great one liner joke. Did you hear the one about the Mitsubishi Lancer, the late seventies, a Dodge, and the used car salesman wearing a 10-gallon hat while riding a dog named spot – that was really an elephant? We didn't either. The punchline is 100% original custom paint job on this otherwise all stock captive import survivor. The custom stripes are not vinyl, but rather genuine seventies paint. Legend goes that the van-style stripes were laid down with seventies hues at Cal Worthington in South Gate, California. Proud owner Lou Bircheff is going to leave the Colt as is, having picked up the car just a short time before the Colt's reintroduction into the Mitsubishi Lancer Dodge Colt space-time continuum at the 2010 Japanese Classic Car Show. Read the rest of this entry »
Archive for the 'Vortex of Awesome' Category
His Saab is an Angry Saab
Special to Clunkbucket by Peter Peter Hughes
Interstate 81 northbound, between Binghamton and Syracuse. Leaving New York City that morning I'd subconsciously registered a hint of additional depth to the Saab's normally throaty exhaust note, but it isn't until a fuel stop somewhere in Pennsylvania that I think to actually look underneath the car, and discover the exhaust just aft of the catalytic converter rusted nearly clean through, hanging by a thread. Worrying, but not exactly surprising: months earlier, returning from a trip to Chicago, the exhaust just ahead of the cat had failed — as luck would have it, a mere five-minute tow from what had to have been the best Saab shop in Indiana. Would I be fortunate enough, I wonder, to make it the couple hundred miles home this time? Read the rest of this entry »
Land of Rust Toyota FJ60
From the California mythology department of our broken dreams division comes this Toyota FJ-60 Land Cruiser in Vermont. This rusted through example of one tough 4X4 truck serves as a reminder of what to look for before purchasing that old rust bucket restoration project. While the rust is somewhat obvious here, peeling up a carpet or two and looking for hidden rust is a good idea before any old automobile purchase. This FJ-60 appeared to be part of the 500-dollar car and truck vortex, apparently created by the Concrete Ape in Vermont. The FJ was directly in the shadow of the mighty ape. A frozen Volkswagen Beetle was also seen not far from the aggregate and reinforced steel primate. Asking price? 500-dollars. Travelers be advised. Thanks to the impressive powers of genuine Vermont road salt and salt-filled slush, this Toyota had an added feature not found on non-rusted desert climate examples. Look closely and marvel at the handy driver side rear fenderwell road flare dispenser, an unique option available free of charge on this Toyota Land Cruiser.
A Lot of Little Dodge
From the captive import department of our long-term corporate relationships division comes this Dodge Colt four-door sedan. Under a mild job of Dodge re-branding, this compact sedan is a purebred Mitsubishi Colt, and an early example of a corporate manufacturing partnership that lasted for over thirty years. As has, evidently, this Dodge Colt. Rally-equipped Mitsubishi versions of the Colt were famously driven to victory by Joginder "The Flying Sikh" Singh and his brother Jaswant in 1974 and 1976 East African Safari Rally, proving the mighty Colt did indeed possess maximum durability.
A rear-drive Dodge Colt is rarely seen on the road today at all, let alone one that looks as if it drove off the showroom floor at the Chrysler Dodge Plymouth Import Center only a few weeks earlier. Rust does not sleep, which made the oddest thing about this well-preserved Dodge Colt sedan not the Chihuahua-sized sombrero on the dashboard, but the Michigan plates it was wearing. Not a single spot of the usual road-salt induced rust common to old buckets from the rust belt and north eastern states was visible on this Colt. Roll on rust-free captive import Colt. Roll on.
Of the Dodge Mahal and the Destroilet
A 413 cubic inch big block Mopar wedge and modern aerodynamics are two good things to have when it comes time to hit the road behind the wheel of a house. This Travco 270 has not just one, but both these attributes. The Travco was originally marketed as a self-powered, self-contained, complete home-on-wheels. The sixties-era Travcos were indeed a groundbreaking vehicles, incorporating now commonplace recreational vehicle features such as central air conditioning, on board electrical generation, and Space Age fiberglass construction. All of this and more was molded into a modern design and set atop readily available Dodge truck chassis, with one version of the Travco easily holding the best name ever title for a mopowered motorhome. The Dodge Mahal.
Bug-In is Volkswagen History in Motion
The question when talking about the Bug-In is an easy one. Who doesn't like wheelstanding turbocharged Volkswagen Beetles that run 11-second quarter miles at over 100 miles per hour? Anyone? While there is obviously a large amount of Volkswagen and America that that became synonymous with an unfortunate granola munching Hippie shtick in the '60s, an intrepid few eschewed the slow for the quick, and modified their ass-engined economy cars for maximum velocity and performance down the 1320 feet of the drag strip. The last thing any of the German designers of the people's car had in mind were people hanging up the front hoops in first and second gear, then laying down rubber from the slicks over about a half mile in the quarter. Throw in a car show and a swap meet, and you pretty much have a perfect day for Volkswagens at the California Speedway. This was the Bug-In: 35th Edition.
Read the rest of this entry »
Merkur XR4Ti: The Inside Story
Ford of Europe, from about 1975 on, was considered a training ground for Ford Motor Company's highest-potential executives, engineers and designers. Succeed over there, in that cauldron of competition against Fiat, VW, Renault, Peugeot-Citroen and GM, and you MUST be smart! Or willing to work 20 hours a day, and seven days a week. That was the thinking.
Over the long haul, Ford of Britain and later Ford of Europe had sent cars to America, starting in the 1950s with the Consul and Anglia, and later the Cortina, Capri, and Fiesta, but with each succeeding car program, it got more expensive to Americanize or federalize each car, narrowing profit margins and chewing up valuable engineering time. But, if a high-volume car could be Americanized and federalized successfully, the program might be enough to punch somebody's ticket on the train to the top.
1971 Gurney Eagle Olsonite Indy Car
In honor of Memorial Day and the Indianapolis 500 comes this legendary turbocharged Offenhauser powered Indy 500 special from 1971. The racer is not just any Indy car, but one affixed with the original Gurney Flap on its rear wing. We know this because while at the Mickey Thompson: First American to 400 MPH opening, Dan Gurney himself told us that was the case. He also told us that this car had 10 mph on the McLaren cars with its boosted 161 cubic-inch version of an engine that is synonymous with American motor racing as the Brickyard itself – the twin-cam Offenhauser. The Olsonite Eagle was hatched at Gurney's Costa Mesa, California All American Racers shop in 1971 as a development platform for the 1972 and beyond AAR Gurney Eagles. During testing in Phoenix driver Bobby Unser challenged the pit side powers to come up with a solution to solve the apparent slower than the pack nature of the car. Gurney affixed a thin strip of hardware store aluminum to the trailing edge of the rear wing, and the secret weapon known as the Gurney Flap was born.
In 45 minutes or so, the first Gurney Flap was fabricated and attached to the car's rear wing, and Unser went out again. Within a couple of laps it was clear he was circulating no faster than before and everyone in the pit assumed the flap was a failure. But when Unser came in he called Gurney over and quietly asked him whether anyone was around to spy on what they were doing. Once Gurney had confirmed they were alone, Unser told him the rear was now so well planted that the car was pushing (understeering) badly, hence the poor lap times. All they needed to do was restore the aerodynamic balance by adding more front-end downforce and the car would be transformed. Keith Howard, Motorsport Magazine via AAR
So successful was this simple innovation that other teams started attaching Gurney-like flaps in the wrong places in failed attempts to duplicate the All American Racing success. This Eagle was designed by Len Terry with influence from Gurney AAR design hotshot Roman Slobodynski – who would go on to design the race-winning 1972 and later Gurney Eagles. The Olsonite Eagle was piloted by Bobby Unser, who qualified on the front row in third for the 1971 running of the Indy 500. Bobby Unser was out in front of the pack twice, but spun and stacked getting around the burning hulk of Mike Mosley's car during lap 164. Even with the crash, Unser took a 12th place finish with this boosted Offy-powered AAR Eagle. Bobby's brother Al Unser took the checkered flag. The thin strip of aluminum that is the Gurney Flap is common in racing today, and stands as a symbol of a time in American motor sport when experimentation and testing was done in real time and on track, with innovation and greatness as the end result.
Thanks to the NHRA Motorsports Museum for displaying the car and Gary Schroeder Enterprises for restoring this gem of American history. Find Dan Gurney at All American Racers.

subset: commoncrawl


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There are so many factors that fall into this category, like soil type, rock, underground electrical lines, sewer pipe, main water supply pipe, irrigation, elevation, water table, and benchmarks. So where do we begin?
Here in South West Texas there is a wide variety of soil, from sandy loam too solid rock veins. There is some extra cost associated with the excavation of solid rock, with the max charge being no more than $3500.00. Of all the Pools we have installed, I would say about 25% of them have been in solid rock, and only 2% have ever maxed out. So its safe to say we have good knowledge on how to excavate rock sites in a timely manor.
Pools Now will call in all locates for water lines, sewer lines, cable, phone lines, and gas lines. Within 2 working days all lines will be marked out. If any lines are located in the direct spot of the pool location, then the home owner will be responsible for the relocation of the lines or discuss the option for relocating the Swimming Pool. Pools Now can help in all these areas.
Before any excavation begins a benchmark will be determined, which will be the finish grade for the Pool with coping. Then grade will be measured for proper drainage. A detailed excavation/dig sheet is then used to mark the Pool, onto the ground in 6 to 8 stages. A path will be determined for heavy equipment to enter and exit, and an area for gravel and base to be staged. The excavation begins and the dirt is then removed and set in a pile, and then into the dump truck, until we find a way for the dirt to be moved by air, all the grass in those areas will be lost, but many Swimming Pool owners would rather have less grass around there pool for maintenance reasons…
The Pools Now team have made the excavation process the fastest part of the whole pool installation. It can take from 2 hours to 24 hours depending on soil type, 2 hours being sandy loam and 24 hours being solid rock. After the dig has been completed 4 inches of 3/8 gravel is then graded into the hole. Now your Swimming Pool is ready to be set in.


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Russian President Dmitry Medvedev will present the two scientists with the award, which rewards innovation and solutions in global energy research and its concurrent environmental challenges.
The Global Energy Prize is one of the world's most respected awards in energy science, awarding $US1 million every year. The Prize has become increasingly important as governments, energy companies and consumers all seek to address existing and projected energy shortfalls.
Dr. Rosenfeld, 84, is a University of California Berkeley physicist who served on the California Energy Commission for ten years. His groundbreaking work in energy efficiency is estimated to have saved the United States economy billions of dollars. In 2010, a new unit of energy conservation was been named after him. The 'Rosenfeld' equals 3 billion kilowatt hours – the amount of energy savings needed to replace the output of one 500 megawatt coal-fired power plant in a year.
Dr. Philipp Rutberg was awarded the Prize in recognition of his work developing energy plasma technologies which can convert waste materials into synthetic fuels. Using renewable energy sources, the technologies he has developed in this field produce a minimal amount of harmful emissions. Dr. Rutberg is also a member of Russian Academy of Sciences and Director of the Institute for Electrophysics and Electric Power, St Petersburg, Russia.


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That's it for Markets Live today.
You can read a wrap-up of the action on the markets here.
Thanks for reading and your comments.
See you all again tomorrow morning from 9.
Shares rallied in late trading to record a gain, despite rising fears insurgent violence in Iraq will lead to a United States led military strike and continued falls in the iron ore price.
The benchmark S&P/ASX 200 Index and the broader All Ordinaries Index each lifted 0.1 per cent, on Monday to 5412.3 and 53390.6 respectively, having bounced back from a 0.5 per cent fall in the morning.
The market rallied after RBA assistant governor Christopher Kent said in a speech that the central bank expects the unemployment rate to remain "elevated" in the year ahead.
The statement was perceived by some strategists as increasing the likelihood interest rates will remain on hold till 2015.
Many market watchers were surprised by a rally in the biggest iron ore and coal producers.
Mining was the best-performing sector, up 0.8 per cent despite the spot price for iron ore, landed in China, falling five sessions in a row over the weekend to $US90.90 a tonne.
Futures trading in China on Monday afternoon was tipping another slight fall this evening.
"Geopolitical risk from Iraq increased over the weekend but the market has been treading water amid low volumes over the past week and picked up after some bargain hunters stepped in to buy big mining stocks that had been oversold," Ord Minnet senior investment advisor Tony Paterno said.
Resources giant BHP Billiton lifted 0.9 per cent to $35.62, main rival Rio Tinto gained 0.7 per cent to $58.02, while iron ore miner Fortescue Metals Group was unchanged at $4.06.
Energy stocks were mostly higher amid worries violence in Iraq will prompt an oil shock.
Australia's unemployment rate is likely to remain relatively high well into 2015, a top central banker said on Monday, helping keep a lid on wages and inflation.
RBA assistant governor Christopher Kent said sluggish wages and rising productivity was also helping regain some of the international competitiveness Australia lost during the peak of its mining boom.
"The demand for labour has improved over recent months, although some of that may reflect a 'catch-up' after a period of weak employment growth last year," said Kent, who heads the central bank's economics department.
"Despite these improvements, there is still a fair degree of spare capacity in the labour market."
Indeed, Kent predicted employment growth would pick up only gradually over the next couple of years.
"The unemployment rate is expected to remain elevated over that period, declining from later in 2015 when we anticipate GDP growth to be picking up to an above-trend pace," he added.
After touching a decade high of 6 per cent in January and February, the unemployment rate has steadied at 5.8 per cent for the past three months.
Kent noted the higher jobless rate had led to a sharp slowdown in wage growth, which in turn helped restrain inflation and offset the impact of a lower Australian dollar.
That slack in the labour market is one reason the central bank was content to keep interest rates at a record low of 2.5 percent this month, even after the economy grew at a faster-than-expected 3.5 percent rate in the year to March.
And some of the losers:
- Heath care: -0.4%
- Industrials: -0.3%
- Consumer staples: -0.5%
- Real estate trusts: -0.3%
Here's a look at some of the winning sectors today:
- Consumer discretionary: +0.5%
- Materials: +0.8%
- Telecommunications: +0.6%
- Gold: +2.4%
- Energy: +0.2%
On a relatively flat day, here are the best and worst performers from the ASX200:
After starting the day down, shares are eked out a gain, with the benchmark S&P/ASX200 adding 7.2 points, or 0.1 per cent, to 5412.3. The broader All Ords lifted 6.9 points, or 0.1 per cent, to 5390.6.
Coming into tax season, the Australian Tax Office is warning it will crack down on work related deductions, especially those such as computers, phones and other electronics.
Electronic devices are a growing share of total work-related expenses.
Tax office assistant commissioner Karen Anstis said the tax office is well aware that people are using electronic devices for work purposes more often.
However, she said a common mistake was to claim home office, mobile phone and computer expenses without showing how the claims are divided between work and private use.
As with previous year, Ms Anstis said the tax office "continued to be concerned about rental property expenses".
It is often first-time landlords who get claims for rental property deductions wrong, she said.
For all the brains trust here, this isn't strictly business, but good fun nonetheless.
If you had your HSC exams all over again, how would you go? Test yourself with SMH's knowledge test from last year's exams.
I expect you all to get 10/10 for business studies.
After falling 0.4 per cent at the open, the ASX 200 is flirting with a gain.
The benchmark index has briefly poked in to the black three times on Monday afternoon, and at 2:30pm the market was down less than 1 point at 5404.2 points. Local shares are taking mixed cues from Asia with Japan's Nikkei down about 1 per cent, while Hong Kong's Hang Seng was flat and China's Shanghai Composite up about 0.2 per cent.
Locally, BHP Billiton was doing the most heavy lifting followed by ANZ Banking Group, which is outperforming its big four bank peers after Goldman Sachs brokers slapped a buy recommendation on it.
Supermarket giants Woolworths and Wesfarmers were the greatest weight on the bourse on Monday afternoon.
Want to know what to look out for in the week ahead? Michael Pascoe has you covered.
The Business Week ahead
How's China? How's confidence? How's housing construction? Michael Pascoe comments.
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Reserve Bank of Australia Assistant Governor Christopher Kent said sluggish wages and rising productivity are helping regain some of the international competitiveness Australia lost during the peak of its mining boom.
"The demand for labour has improved over recent months, although some of that may reflect a 'catch-up' after a period of weak employment growth last year," said Kent, who heads the central bank's economics department.
"Despite these improvements, there is still a fair degree of spare capacity in the labour market."
Indeed, Kent predicted employment growth would pick up only gradually over the next couple of years.
"The unemployment rate is expected to remain elevated over that period, declining from later in 2015 when we anticipate GDP growth to be picking up to an above-trend pace," he added.
After touching a decade high of 6 percent in January and February, the unemployment rate has steadied at 5.8 percent for the past three months.
"There is still a fair degree of spare capacity in the labour market.": Dr Christopher Kent. Photo: Alex Ellinghausen
Following a torrid time for iron ore, Deutsche Bank is revising miners and has downgraded Arrium to sell.
"We now expect next financial year iron ore prices of $US89.3 per cent, 21 per cent below this financial year. While we do not believe Arrium is at risk of breaching covenants based on our revised forecasts, we believe an iron ore price of US$75/t would require an equity raising," Deutsche Bank analyst Emily Behncke said.
Arrium shares are down 1.8 per cent today at 82 cents.
Deutsche's target price has now been revised down from $1 to just 65 cents.
Blue Sky Alternatives Access Fund, a $60 million fund investing in private equity and water rights, traded 1 per cent higher as the listed investment company (LIC) made its initial public offering on Monday.
Ordinary shares in Blue Sky Alternatives Access Fund were priced at $1 each, with one option allotted with every share. On their ASX debut at 11am Monday, shares jumped 1 per cent and at midday were steady at $1.02.
The $60.4 million equity raising fell well short of the $100 million Blue Sky had hoped for, but got away after clearing the minimum $50 million hurdle.
Listed alternative fund manager Blue Sky Investments has launched the LIC to target investors wanting direct exposure to an alternatives asset manager to diversify their portfolio away from the staples on stocks and bonds.
Blue Sky Alternatives Access Fund director Alexander McNab told The Australian Financial Review last month that Murray-Darling irrigation system water rights would feature heavily in the portfolio. Blue Sky's direct private equity interests include food retailer Lenard's Chicken and portaloo business Viking Rentals.
SBS could reap up to $40 million in advertising revenue from the World Cup in Brazil, as the broadcaster aims to better the average 350,000 viewers it attracted each match during the last tournament.
Advertisers have been lining up to cash in on one of the biggest sporting events in the world, despite the time zone difference, which puts most of the live games at early hours of the morning in Australia. The Socceroos' opening game against Chile on Saturday morning at 8am averaged 1.74 million metropolitan viewers.
SBS has already signed up six partners for the World Cup; Nike, Samsung, TPG Telecom, carmakers Hyundai and Kia, and gambling company TAB. It is understood that these partnerships were in the market for around $3.75 million each, taking the total to $22.5 million.
The network, which has broadcast the World Cup for more than 20 years, is understood to have paid $30 million for the rights to the 2006, 2010 and 2014 World Cups, all things being equal, making this year's rights around $10 million.
On top of the revenue generated from its six partners, SBS will also look to benefit from spot advertising packages for games and associated content, Chris Nolan, chief executive of media agency Starcom MediaVest, said. "With the six partners, that would suggest they'd get about $22.5 million, and for spot packages, the rule of thumb used to be you might write half of that again, so that would suggest they would be targeting $35 million to $40 million," Mr Nolan said.
Oscar of Brazil shoots and scores. Photo: Getty Images
Drillsearch Energy has ramped up the bidding war for Cooper Energy junior Ambassador Oil and Gas, sweetening its scrip offer with 5¢ a share in cash in an attempt to head off rival interest from US player Magnum Hunter Resources.
The revised offer, of the cash plus one Drillsearch share for every 5.4 Ambassador shares, values the target at 33.8¢ a share, or $48 million, based on Drillsearch's close on Friday.
Drillsearch shares are down 2.6 per cent at $1.515.
Drillsearch said on Monday the latest offer is 5 per cent higher than Magnum Hunter's scrip-based offer based on the US company's close on Friday.
Ambassador, whose shares last traded at 32.5¢, halted its shares from trading for up to 48 hours ahead of an update on the rival bids it has received. It had recommended Drillsearch's original offer, before the higher one emerged from Magnum Hunter, a shareholder in Ambassador's drilling partner in its PEL 570 permit, New Standard Energy.
Super Retail managing director Peter Birtles said it was extremely disappointing to further lower profit guidance, but he is confident that the downgrade is a result of external factors rather than something internal.
However, after the third downgrade this year, Super Retail needs to prove that its problems are not internal, rather than just say they're aren't, Moelis & Co analyst Todd Guyot said.
"They've got to clearly show that the negative momentum, in the form of the three downgrades this year, is stabilising and the business is returning to a level of growth," Mr Guyot said. "This is a business where every three to four years that have to reinvent themselves, they have to find a new arm to maintain strong growth."
The company's sport division, heading by Rebel, still has good scale opportunities, but long-term that business will mature and Super Retail will need to find other growth prospects, Mr Guyot said.
Like many other retailers, unseasonably warm weather in May caught Super Retail off guard, hurting its apparel sales. Subdued sales are expected to continue for the remainder of the financial year.
It has been a common theme amongst Australia retailers over the last month, with Pacific Brands, The Reject Shop and Noni B all issuing profit downgrades on the back of slumping consumer confidence caused by the tough federal budget, and warmer than expected weather.
Last week, Pacific Brands boss John Pollaers blamed the "perfect storm" of warm weather and a sharp fall in consumer confidence for the clothing company's downgrade.
"Definitely it's the budget and I was very surprised to see how quickly that hit,'' Mr Pollaers said.
On the same day, The Reject Shop chief financial officer Darren Briggs specifically cited the second week of May, when the federal budget was unveiled, as the beginning of a sharp drop in sales.
"I don't want to make that direct correlation [with the federal budget], but what we do know is that in the second week of May, our sales compared to the prior corresponding week declined," Mr Briggs said.
Woolworths Holdings chief Ian Moir has told fund managers and analysts he can't explain Solomon Lew's rationale for seizing a stake in David Jones, as the boss of the South African retailer rallies shareholders around his ambitious $2.2 billion takeover of the up-market department store.
Mr Moir has been locked in a series of meetings and presentations to key South African institutional investors over the past few weeks, beating the drums on the millions of dollars in synergies that will flow from the deal.
Woolworths shareholders are set to meet in Cape Town on Tuesday night Australian time to vote on the takeover proposal.
In the meetings he has laboured to persuade sceptical analysts that a South African retailer can successfully operate a business on the other side of the world, and put to rest the country's poor record here, marked by Pick'n Pay's purchase of Franklins supermarkets and Truworths' investment in Sportsgirl - both later jettisoned and considered disasters.
Woolworths roadshows have been held in South Africa and Australia in the past month, and Mr Lew has cast an annoying shadow at the most recent meetings.
It is believed that one meeting of Woolworths executives and local fund managers took place two weeks ago on the morning that David Jones stunned the market with the news that Mr Lew had secured a 0.65 per cent stake in the department store.
Mr Moir told the assembled investors at the May 30 presentation he was unsure of Mr Lew's motives for scooping up 3.5 million shares in David Jones.
Central banks around the world, including China's, have shifted decisively into investing in equities as low interest rates have hit their revenues, according to a global study of 400 public sector institutions.
"A cluster of central banking investors has become major players on world equity markets," says a report to be published this week by the Official Monetary and Financial Institutions Forum (Omfif), a central bank research and advisory group. The trend "could potentially contribute to overheated asset prices", it warns.
Central banks are traditionally conservative and secretive managers of official reserves. Although scant details are available of their holdings Omfif's first "Global Public Investor" survey points out they have lost revenues in recent years as a result of low interest rates – which they slashed in response to the global financial crisis.
The report, seen by the Financial Times, identifies $US29.1tn in market investments, including gold, held by 400 public sector institutions in 162 countries.
Doubts: 'Victoria Honey' could breach labelling laws. Photo: Daniel Sprague
Breakfast lovers, don't get stung reaching for that local honey to spread on your toast. It might not be Australian and it might not come from bees.
The consumer watchdog is preparing to act on some brands of cheap imported honey, which the bee industry claims do not meet local food standards and could be deceptively labelled.
"Victoria Honey", imported from Turkey, is one of four products identified by the Australian Honey Bee Industry Council as potentially breaching labelling laws amid claims it isn't made from honey.
The low-cost one kilogram honey tubs have been found in fruit shops around the country and are part of a sticky flood of similar products competing with local producers.
According to the industry, more than 200 tonnes of allegedly substandard honey have been imported since complaints were first lodged a couple of years ago.
Tests have been sent to Germany for analysis, with the industry saying the result show the products do not contain honey and are most likely corn syrup.
Contractor UGL has confirmed the $1.2 billion sale of property arm DTZ to private equity group TPG and the appointment of Ross Taylor to replace chief executive Richard Leupen from November.
"The sale price represents a fair valuation for DTZ and is in the best interests of the company and its shareholders," UGL chairman Trevor Rowe said.
UGL, which will reap between $1 billion and $1.05 billion in cash from the sale, was evaluating a "range of options" for the proceeds, and would update investors after the sale is completed in September, the company said.
As reported by the Australian Financial Review on Monday, UGL is now set to kick off consolidation in the engineering sector and consider a play for Leighton Holdings' John Holland business as well as pay off almost $650 million in net debt and return money to shareholders.
It is understood private equity firms, including Warburg Pincus, have already approached Mr Leupen to discuss teaming up to bid for other engineering businesses, including John Holland.
Mr Leupen will be replaced by Mr Taylor, the CEO of engineering group Tenix, on November 24. Mr Taylor will receive an annual salary of $1.5 million; short term incentives worth up to $1.5 million annually; and long term incentives worth up to $5.5 million over four years.
Analysts from global consultancy Wood Mackenzie had some surprisingly upbeat news for Australia's struggling coal sector, countering perceptions that quite a few mines are under water at current prices and at risk of closure.
Fronting a media briefing in Sydney this morning, WoodMac's head of coal supply research Ben Willacy said that Australian producers of metallurgical coal are holding up well at today's "extremely low" prices, and said only a few operators were incentivised to close mines.
Benchmark quarterly prices are at $US120 a tonne, the lowest they've been for six years and there's still plenty of supply available. After a down-trend for the last four years, about half of the world's mines aren't making money, judging by the global cost curve.
However Australian producers have been very successful in taking an axe to costs, and pushing up supply to lower unit costs of production, Willacy said. As a result, several mines owned by the majors such as BHP Billion Mitsubishi Alliance, Anglo American and Rio Tinto are actually making a "decent margin" at the contract.
Longer term, the picture is more positive, with China driving demand growth, then India later on. The need for green-field project development from 2018 onwards to meet higher demand is "good news for producers", because prices will have to rise to get projects off the ground.
But the analysts warn that it's a gloomy picture on the iron ore front.
The $US120 average for top quality 62 per cent grade in the March quarter is "as good as it's going to get for iron ore in the next five years in terms of the quarterly average," Gray says.
Discounts for lower grade material such as the low-grade fines exported by Fortescue Metals widened significantly in the March quarter and are probably set to widen again this quarter.
Retail magnate Solomon Lew is believed to be trying to increase his stake in David Jones by 5 per cent through an on-market share raid this morning.
An unidentified buyer – believed to be Mr Lew – is seeking to buy 28 million David Jones shares, equivalent to about 5.2 per cent of the stock, at $3.90 a share.
Mr Lew has already acquired 0.65 per cent of David Jones' shares through a private company, SL Nominees, and may hold more than 5 per cent through derivative swap contracts with Deutsche Bank.
It is believed that Mr Lew wants to block South African retailer Woolworths' $2.2 billion takeover offer or force Woolworths to buy his 11.8 per cent stake in Country Road at a massive profit.
Woolworths shareholders are due to meet in Capetown on Tuesday to vote on the acquisition.
David Jones shares rose 3¢ to $3.93 in early trade after falling as low as $3.85 last week amid growing concerns the deal could be blocked.
An unidentified buyer – believed to be Mr Lew – is seeking to buy 28 million David Jones shares, equivalent to about 5.2 per cent of the stock, at $3.90 a share.
Most Australian companies have hoarded away enough cash to fund a year's worth of investment, according to a British bank.
Research from Barclays shows that Australian companies, on average, have tucked away cash and term deposits worth about 75 per cent of annual profits.
The cash pile has formed after several years of restructuring balance sheets, in which companies have slashed debt to levels not seen since the mid 1980s when the banking sector opened to foreign competition.
It comes as business confidence was steady in May, despite a sharp fall in consumer confidence in the wake of the Abbott government's ''tough'' budget, according to NAB's monthly business survey, which was released last week.
Barclays chief economist Kieran Davies said service companies were the best performers, while the mining sector was improving and manufacturers were struggling.
But Mr Davies said in general, corporate Australia was in ''good financial shape''.
Before the financial crisis, the average company held bank term deposits equivalent to about 45 per cent of annual profits, he said. Now they hold term deposits worth about 75 per cent of profits, after peaking at 81 per cent last year.
''Put another way, this cash could fund almost a year's worth of business investment,'' Mr Davies said.
''We expect that they will also eventually increase their gearing as a recovery in non-mining investment takes hold next year.''
The trend to save follows households squirrelling away more cash following the financial crisis.
Household saving has leapt from zero in the mid 2000s to about 10 per cent of income, Mr Davies said.
Aussie companies are flush with cash and not keen to borrow. Source: Barclays
Trading in Mineral Resources shares has been halted until Wednesday open at the latest, with the company set to make an announcement regarding a "potential material corporate transaction", according to a company statement to the ASX.
Shares in MinRes fell to $9.55 from $10.37 over the final three trading days of last week.
Here's some background from a weekend report in Fairfax Media:
Mineral Resources will try to strike a deal with Chinese steel giant Baosteel over the development of the $7.4 billion West Pilbara iron ore project at the centre of a takeover fight, claiming it can do it cheaper and better than traditional infrastructure providers.
MinRes' manoeuvring comes as the suitors for the project's major shareholder, Aquila Resources, upped the stakes late Friday.
Bidders Baosteel and rail major Aurizon made their $1.4 billion all-cash offer for the junior "best and final", ahead of the Aquila board's response, expected this week.
The stalled greenfield West Pilbara iron ore project is at the heart of the hostile takeover tilt. Baosteel and Aurizon are playing hard ball after a surprise on-market raid sent the fight for Aquila up a notch, with Mineral Resources chief Chris Ellison nabbing a stake of almost 13 per cent on Wednesday.
The suitors' stance puts serious heat on Aquila chairman Tony Poli, who is also the company's largest shareholder, with 28.9 per cent. He has gone to ground since the offer was lobbed more five weeks ago.
Shares have fallen early, led by financial stocks and the big supermarket owners.
The ASX 200 and All Ords are both around 23 points down to 5381.4 and 5361.5, respectively.
CBA and Westpac are weighing the heaviest on the market, both 0.4 per cent lower, while Woolies and Wesfarmers and 0.9 and 0.5 per cent lower.
QBE is 1 per cent down.
Fortescue is feeling the effects of the weakening iron ore price, down 2 per cent, with Rio 0.5 per cent lower. BHP has added 0.1 per cent.
Echo Entertainment is the best performer early, up 9 per cent on a trading update.
Gold miners are the only group trading higher, up 1 per cent, led by Newcrest, which has jumped 1.8 per cent.
Casino operator Echo Entertainment Group has said its cost cutting program and focus on earnings will boost full-year earnings by about $19 million to $24 million, or 5 to 6 per cent higher than analysts were expecting.
Investors have cheered the update, sending the stock 9 per cent higher to $3.02.
Normalised EBITDA for the year ending June 31, 2014 should come in within the range of $430 million to $435 million, the company said in a trading update on Monday. That forecast compares with consensus of normalised EBITDA of $411 million, according to Bloomberg.
Echo, which operates casinos in Sydney, Brisbane and the Gold Coast, said normalised net profit would fall in the range of $150 million to $153 million. For the prior year, 2012-13, normalised net profit was $126.9 million, which suggests growth of 18 to 21 per cent.
Casinos report normalised earnings, which removes volatility associated with the high roller business.
"The cost optimisation program and improved profit focus continue to support earnings growth in the second half of the financial year," the company said in a statement.
Echo embarked on a $60 million cost-out program under previous chief executive John Redmond, who resigned in February. About $40 million of that was realised in the 2012-13 year.
"Echo now expects to deliver operating expenditure around $870 million for 2013-14," the company said.
The company's operating expenditure in 2012-13 was $868.7 million, which suggests the company was successful in stemming a rise in costs in the current year.
March quarter revenue trends, which were announced on April 11, coinciding with the formal appointment of new CEO Matt Bekier, "continue to prevail to date", the company said.
Echo embarked on a $60 million cost-out program under previous chief executive John Redmond. Photo: Simon Alekna Photo: Simon Alekna
Automobile production in China, already the world's biggest market, may climb about 60 per cent in the next eight years, boosting demand for steel, according to ArcelorMittal, the largest producer.
Output may rise to 30 million units to 35 million units in the next seven to eight years, from 22 million units now, Lakshmi Mittal, the company's billionaire chief executive officer, said today in an interview in Loudi, China, before the opening of a automotive steel venture with Hunan Valin Steel Co.
The plant increases ArcelorMittal's exposure in China and pits the company against Baoshan Iron & Steel, which supplies half of China's autosteel.
Vehicle sales could rise as much as 10 per cent in 2014, after increasing every year since 2000, the China Association of Automobile Manufacturers estimated in January.
"Automotive steel is the most profitable steel product with a fast and steady growth in demand," said Sarah Wang, a Shanghai-based analyst with Masterlink Securities Corp. Valin is looking to the venture to help improve profits, she said.
Passenger-vehicle sales in China rose 13 percent last month, led by General Motors and Ford Motor as foreign carmakers continued to take market share from domestic producers. Overseas automakers are stepping up their investment in China to win sales in the world's second-largest economy.
The nation produced 10.6 million vehicles in the five months ended May, including 5.6 million cars, according to data from the National Bureau of Statistics.
Here's the chart showing how traditional relationship between the iron ore price (and, by implication the terms of trade) and the Aussie have parted ways in recent times (see post at 9:19).
Parting is such sweet sorrow (for the RBA) - the Aussie and commodity prices are diverging. But for how long?
Commodities analysts at ANZ are warning that if iron ore falls below $US90/tonne then we could see a new trading range of between $US85 and $US90/tonne throughout the week.
The iron ore price eased a little further on Friday night to $US90.90, and eyes will be on futures trading today for an indication whether the price will fall below the $US90 mark tonight.
"Our view is that markets are more sensitive to positive news than negative, although with the absence of any notable Chinese stimulus, buyers are happy to wait to find the bottom," they write this morning.
Brent crude was projected by Wall Street analysts to average as much as $US116 a barrel by the end of the year. Now, with violence escalating in Iraq, how far the price will rise has become anyone's guess.
The international benchmark surged above $US114 on Friday for the first time in nine months as militants routed the Iraqi army in the north and advanced toward Baghdad, threatening to ignite a civil war. The Islamic State in Iraq and the Levant, known as ISIL, has halted repairs to the pipeline from the Kirkuk oil field to the Mediterranean port of Ceyhan in Turkey.
The conflict threatens output in OPEC's second-biggest crude producer. The Persian Gulf country is forecast to provide 60 percent of the group's growth for the rest of this decade, the International Energy Agency said June 13. Global consumption will "increase sharply" in the last quarter of this year and OPEC will need to pump more oil to help meet the demand, according to forecasts from the Paris-based IEA.
"We've been waiting for the other shoe to drop in this tightly balanced market and now it's happened," Katherine Spector, a commodities strategist at CIBC World Markets New York, said. "There have been lurking risks but nobody was projecting how quickly things would turn worse."
Brent for July settlement increased 39 cents to $113.41 a barrel on the London-based ICE Futures Europe exchange on June 13, the highest close since Sept. 9. Vikas Dwivedi of Macquarie Group predicts Brent will average $116 in the fourth quarter.
"The market is going to be whipsawed by headlines from Iraq," Michael Lynch, president of Strategic Energy & Economic Research, said. "If there's shooting on the streets of Baghdad, we'll get a spike in prices, but I don't see WTI passing $US120."
Don't blame it on the sunshine, don't blame it on the moonlight, don't blame it on the good times, blame it on the budget...
The federal budget continues to plague Australian retail as Super Retail Group warns of weaker-than-expected sales over the last six weeks.
Following the downgrade, Super Retail expects full-year net profit to be up just 5 per cent from the previous financial year, coming in between $107 million and $109 million.
A result in that range will no doubt disappoint the market, with consensus estimates, compiled by S&P Capital, expecting profit around $115 million.
Sales have suffered significantly since the Coalition government released its first federal budget six weeks ago, Super Retail said in a statement to the ASX.
"This reflects the significant downturn in consumer confidence since the federal budget, particularly across the lower to mid income families who represent [Super Retail's] core customers," the company said.
Like many other retailers, unseasonally warm weather in May caught Super Retail off guard, hurting its apparel sales. Subdued sales are expected to continue for the remainder of the financial year.
Australia's dollar is emerging more like a ''safe haven'' asset, with currency continuing to strengthen in the wake of heightened volatility across global financial markets.
The local unit dipped under 94 US cents in late trading on Friday and this morning fetches a little under that mark.
Fears of another Gulf war looming amid growing instability in Iraq has battered market sentiment and spurred buying of assets traditionally considered ''safe'', such as gold and US Treasury debt.
But the Aussie - which investors have long treated as a ''risk'' asset, ditching it in times of uncertainty and unrest - has continued to rise, perplexing economists and currency strategists.
''There's certainly something going on,'' HSBC chief economist Paul Bloxham said. ''There's a different kind of behaviour around the Aussie dollar than there has been in the past. It is being treated more like a safe haven asset.''
Mr Bloxham backed his theory on the number of foreigners who are holding Australian government bonds or investing in the local currency. The March quarter marked the third successive quarter that overseas investors were big buyers of Australian Commonwealth government bonds, with purchases leaping $13.3 billion - the biggest quarterly jump in two years.
Much of the Aussie's appeal to foreigners, which own about 67 per cent of Australian government bonds, centres on this being one of only 10 countries that have maintained a triple-A rating by all three big rating agencies, Mr Bloxham said.
New low for the Australian dollar. Photo: Glen Hunt
US stocks edged up on Friday, boosted by bullish news from the tech sector, but major indexes fell for the week as unrest in Iraq kept investors on edge.
Intel Corp was one of the S&P 500's biggest gainers and one of Nasdaq's most active names, but overall gains were capped as investors kept a close watch on violence in Iraq that drove oil prices to their highest since September.
Analysts are worried about the impact a protracted period of high commodity prices could have on economic growth, especially with indexes near record levels.
President Barack Obama said on Friday he needs several days to determine how the United States will help Iraq deal with a militant insurgency, but he ruled out sending US troops back into combat and said any intervention would be contingent on Iraqi leaders becoming more involved.
"The situation in Iraq is another one of these geopolitical flare-ups that have a short-term impact on the market. It will continue to create volatility in the oil market, but I don't think it will spill over that much to equities," said Randy Frederick, managing director of trading and derivatives at Charles Schwab.
The CBOE Volatility index VIX, Wall Street's so-called fear gauge, fell 3 per cent to 12.18 on Friday.
Local stocks are poised for a subdued start despite Wall St rallying on Friday on further weakening of the iron ore price and amid increasing chaos in Iraq.
Here's what you need2know:
- SPI futures up 1 point to 5406
- AUD at 93.93 US cents, 95.87 Japanese yen, 69.39 Euro cents and 55.33 British pence
- On Wall St, S&P 500 +0.3%, Dow +0.3%, Nasdaq +0.3%
- In Europe, Euro Stoxx 50 flat, FTSE -1%, CAC -0.2%, DAX -0.3%
- LME 3-month copper at $US6655 a tonne
- Spot gold up 0.3% to $US1276.89 an ounce
- Iron ore at $US90.90 a metric tonne
- Brent oil at $US112.46 per barrel
What's on today:
- Australia: RBA assistant governor Christopher Kent will speak at 1.20pm on labour market developments
- US: industrial output, capital flows, housing market index
Stocks to watch:
- ANZ raised to buy vs neutral at Goldman Sachs
- GrainCorp says its shipped grain to Brisbane from southern Australia
- UGL has announced the sale of property services arm DTZ for $1.2 billion; Ross Taylor appointed as CEO of UGL effective 24 November 2014
- Super Retail Group says sales have been worse than expected in a trading update, blamed budget and weather
- PAS Group due to start trading
- Woodside is looking to cut 800 jobs, reckons the Australian
- Woolworths recalls some baby organic tomato chicken after metal blade found in a pouch
- WorleyParsons raised to overweight v neutral at JPMorgan; price target $18.56.
Good morning and welcome to the Markets Live blog for Monday.
Your editors today are Patrick Commins and Max Mason.
This blog is not intended as investment advice.
BusinessDay with wires.


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Prayer Circles
Read Prayers. |
bking 1/1/2007 19:54 |
You are in our thoughts and prayers always. Love you Mom & Dad |
lovegoddess2007 1/7/2007 01:48 |
Lord, Please keep Tommy Lovejoy alive, safe, and healthy and grant him a safe return as well as his fellow soldiers. Hope they get the birth all on video tape and send it to him so he can be excited for the new life that anxiously awaits his safe return. Share with him pictures of his precious firstborn child so that he may see the encouragement of a new life that is a part of him,and Lord, please grant him a safe return. Bless him and his family for a wonderful long enjoyable life together and that he may be there to enjoy his children growing up. Same goes for all of his fellow soldiers. |
Has problems James J 02/12/2008
My Uncle Dennis Worthington 02/12/2008
My marriage Kat Mounce 02/12/2008
A good friends mother, who has cancer everyone who needs prayer universal 02/12/2008
Pray for Michelle and Carlos N. 07/08/2008
"This prayer is to help us sell our home."
Pray for Donald H. 07/07/2008
"The love of my life has cancer."
Pray for Amanda B. 07/06/2008
"Please pray for my daughter and her unborn child."
Pray for Janice A. 07/05/2008
"One of my most favorite people in the whole world needs your prayers today. Please spread this and include Janice in your daily prayer."
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By Mark Crawford and Mason Nichols
For most precast concrete producers, manufacturing custom products is commonplace and crucial to success. When a project calls for a unique piece of precast, coordinated collaboration between the form manufacturer and precaster takes center stage. Here, two water projects showcase just how important solid teamwork – coupled with the right form – can be.
By John Pelicone
Like a persistent mosquito, one question has plagued precast concrete producers for years: "How can I eliminate bug holes?" In the past, this question was much harder to answer, because concrete was placed at a stiffer consistency that required excessive vibration. And excessive vibration sometimes caused more bug holes. After the introduction of self-consolidating concrete (SCC), bug holes(ii) became a less common occurrence. Yet, as a recent online industry discussion revealed, this perturbing problem is still with us.
Recent innovations in energy efficiencies and assembly techniques for precast concrete building envelopes open the door to unimagined architectural and sustainable designs.
By Matt Roper, M.Arch., LEED AP BD+C
The influence of concrete on the modern world cannot be understated. It has formed, shaped and progressed our built environment. Its solidity, strength and durability have advanced its prevalence in the building sector.
Precast concrete in particular has advanced modern civil, structural and architectural design. It has been used in some of the world's most iconic structures, borne of advancements and refinements in material properties and assembly techniques.
A staff engineer reports on pre-assessment audits for the NPCA Plant Certification Program.
Quality has everything to do with high expectations, whether in the precast concrete industry or in the world of sports. Before British miler Roger Bannister ran a 4-minute mile in 1954, the world's best runners believed that it was impossible for a human to run that fast. But once athletes believed it was attainable, they also began running the mile under 4 minutes.
What changed? Read More »
This month we are pleased to feature Wilbert Precast, Inc. as part of our Meet a Precaster blog series. The following answers have been provided by Dan Houk, President and CEO and current NPCA Chairman.
Q: Where are you located?
A: Our headquarters is in Spokane, Wash. We also have branch plants in Yakima Wash. and Lewiston, Idaho.
Q: How long have you been in business?
A: My great grandfather started building precast products in Spokane in 1906. I am the fourth generation to run this family business.
Q: How long have you been a member of NPCA?
A: We became members in 1977.
Q: Why did you join NPCA and what are the best benefits?
A: We needed to diversify and felt that joining NPCA would help us to make the right decisions when buying forms, trucks and other equipment. Obtaining the best forms and equipment with the latest technology and efficiencies certainly ranks at the top. What makes it best for our customers is good for everybody.
Q: What products do you produce?
A: It is probably quickest to describe the things we don't make. Since 1977, we have been on a tear to diversify. We have added products continually ever since. The main product categories we now make are wastewater, stormwater, utility, stairs, Wilbert burial vaults, Redi-Rock retaining wall blocks, raised garden planters, window wells, MSE walls (mostly RECo), some light pre-stressing, wall panels, light pole bases, forest service toilets, utility buildings and a multitude of custom products.
Q: Have you introduced any new products lately?
A: Forest service toilets, utility buildings, raised garden planters and the stair systems are the ones we have introduced in the last 12 months.
Q: What are the top attributes of precast concrete?
A: It is moldable in any shape. The use of SCC and rubber form liners makes spectacularly beautiful products. In addition, superior quality control systems, less on-site time, and faster production time to meet strict construction timetables.
Q: What has your company done to fight off the recession?
A: We have diversified in three new areas, reduced our office staff somewhat and really have not purchased much in the way of new equipment. We will be there when it is all over, it is just not very much fun right now.
Q: What have you see in your area as far as recovery?
A: Not much yet. I'm afraid there will not be much next year either. We need confidence in Washington D.C. That will not happen until the next election cycle and I just hope it turns out well. There is some government spending, but that is not what sustains an economy in the long run.
Q: What are your plans for the future?
A: We plan to market ourselves to architects, the engineering community and general contractors in our region to increase the products we can precast that are currently being poured in place. Another location within 200 miles may be a long-range goal, but for the short term increasing our current product line sales will have to be the objective.
Please check out our past Meet a Precaster blog posts and if you're an NPCA producer member and would like to be featured in a future Meet a Precaster post, please send an email to NPCA's assistant director of communication, Kirk Stelsel.
By Sue McCraven
Editor's Note: Work in the precast industry inevitably involves a requirement or specification established by one of many associations with acronyms such as ASTM, ACI and CSA. This series introduces you to these associations and their histories and a perspective on why they matter to precasters. This article takes a close look at the American Concrete Institute.
For the past 70 years, before the development of precast or prestressed concrete, the vast majority of structures made with cement, stone and water were cast-in-place concrete. Concrete was poured on site into wooden forms to build bridges and other structures. America's first concrete roadways were tamped (pounded) laboriously by hand. Masons troweled mortar, made with cement, to erect brick and concrete blocks into homes and buildings. With a lot of manual labor and sweat, reinforced concrete played a major role in building our infrastructure. It was understandable, therefore, that the prevailing building codes were written only for cast-in-place construction.
When the Walnut Lane Memorial Bridge (the first major precast/prestressed concrete bridge made in the United States) was built in Philadelphia in the 1950s, there were no applicable U.S. codes for precast concrete. The design, technology and specifications for this bridge were imported from Europe. The successful completion of the Walnut Lane Bridge was the inspiration for more than 200 precast concrete plants being established in North America during the '50s and '60s. Read More »
By Gustavo A. Gonzalez
Forms, or molds, are one of the most common pieces of equipment in a precast plant. They come in various shapes and sizes. They may be as small as 18 inches by 18 inches or as big as 15 feet by 30 feet or even bigger. They are flat, round, rectangular and octagonal. But one thing they all have in common is the potential hazard for injury to the employee.


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For 16 years, animal care workers and residents of Inyo County have been trying to fund a new animal shelter to replace the outmoded facility currently operating in Big Pine. With the adoption of a new county operating budget on Sept. 17, the project will finally be getting under way.
The Inyo County Board of Supervisors has earmarked $200,000 toward the shelter project, which brings the total funds to roughly $500,000 to build a brand-new shelter to replace the aging cement structure on County and Reynolds roads.
Additional monies include $175,000 in tax-free donations to the Animal Shelter Trust Fund that was established in 1997, plus $130,000 from ICARE, a non-profit animal welfare organization, according to ICARE President Ted Schade.
The project is currently in the design phase, and site assessments continue on the 80-acre property the county owns from Baker Creek to School Street. But more money is needed to realize the full extent of the project, according to Inyo County Sheriff Bill Lutze, who oversees Animal Control.
ŌĆ£WeŌĆÖre hoping for more donations from the public,ŌĆØ said Lutze, who added the facilityŌĆÖs final price tag would likely be closer to $750,000. To reach that number, Lutze said project organizers are thinking of creative ways to raise funds, like allowing members of the public to sponsor kennels with cash donations of $1,000 or $5,000, in exchange for the donorsŌĆÖ names affixed to the kennels. The public may also be able to sponsor such features as a water fountain or rose bush on the new site, said Lutze. The county is also continuing to look into available grants to fund the project, and wants to organize more fundraisers such as run/walk events and barbecues.
The Inyo County Animal Shelter is housed in a cement building erected in 1929 that was originally used as a dairy barn. Three decades after it was built, the structure was turned into a shelter. According to Schade, ICAREŌĆÖs original intent was to improve the facility through fundraising efforts like the annual ICARE Dinner, which brings in between $30,000 and $40,000.
Schade said the non-profitŌĆÖs focus turned to spay and neuter programs after initial ŌĆ£Band-AidŌĆØ attempts to improve the shelter seemed futile. It was clear that the only real solution was to start over and build a new one.
ŌĆ£You have no idea how bad it was down there,ŌĆØ said Schade, referring to the shelter of nearly 20 years ago. ŌĆ£Cats were living with dogs. They were living on top of the dog crates. TheyŌĆÖd escape through chicken wire ŌĆ" It was like a concentration camp.ŌĆØ
There were also no public hours, and animal control officers tasked with picking up strays also handled adoptions. For an essential service like animal control, the place is just too small, said Julie Laughon, the shelter manager who has served the facility as long as ICARE has existed. Laughon has seen far too many animals get euthanized due to overcrowding over the years.
ŌĆ£WeŌĆÖre the third largest county in the state, and we only have 15 kennels for the dogs. Eighteen for cats,ŌĆØ said Laughon. ŌĆ£We need at least 24 for each, plus at least two isolation wards each.ŌĆØ
Laughon listed the features of the animal shelter of her dreams: A front office, an entry room, a vet room, feeding and medication areas, a grooming area, isolation cells, plenty of kennels so that the animals donŌĆÖt have to double up. Plus, the dirt parking lot has to be paved and marked, and provide drive-up loading and unloading. She also needs two offices for staff. Currently, most of the above features, plus a lunchroom for Laughon and her assistant, are housed in a cramped suite that contains one desk and some chairs, a refrigerator, a bathtub, a microwave oven, all the animalsŌĆÖ grooming and medication implements, and the shelter mascot, Vincent, an affable senior cat adopted by staff when it was clear he was going to continue to get passed over by shelter visitors.
Most importantly, ŌĆ£We really need a much better place to show adoptable animals,ŌĆØ said Laughon. ŌĆ£Some type of adoption center where the animals pay attention to the people and are not distracted by all the smells around them. ThatŌĆÖs all they want to do when they get let out of their kennels ŌĆō smell everything.ŌĆØ
ŌĆ£This is where the county sells its only product,ŌĆØ said Schade, referring to the hundreds of lost and abandoned dogs and cats that end up at the shelter every year. ŌĆ£We need to market them well.ŌĆØ
For information on donating to the cause, visit the ICARE website at www.icareforpets.org or call (760) 872-3802.


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The View from the Corner | |
The View from the Corner for Dec 20, 2004 | Back to View Index |
"Eric Alfred "Lord Sabre" Burns Writes Again" by Troy H. Cheek on Dec 20, 2004
Since I tend to put such things down towards the bottom of my pages, where search engines and casual readers don't seem to find them very often, I'm including two links here:
I suggest you open those two links in a new browser window and let them load in the background while you read the rest of this article.
I have been privileged in my life to meet and speak with many professional writers, either face to face, via letters, or via various electronic means. My definition of "professional writer" is pretty loose. As far as I'm concerned, anyone who whose ever been offered the chance to be paid for engaging their creative processes is a professional in my book.
That definition includes a great number of people who would no doubt argue with me about whether or not they are professionals. Just because my weekly articles appeared on page 17 of the local newspaper for years, just because some network executive asked me to send in script ideas, just because the revenues from my website are occasionally bigger than my hosting fees, that doesn't make me a professional, I'm sure I'll hear.
But just as I once told a young lady friend who really liked sex but wasn't fundamentally opposed to the idea of accepting gifts and/or cash as 'tokens of affection' afterwards, "Face it, honey. If you get paid for it, you're a pro."
My, this article went downhill mighty fast, didn't it?
A lesser writer than myself might try to bring this article back on track by shamelessly dropping the names of some of the professional writers he has conversed with over the years. I am not so shallow a writer. However, just to prove that there's no depth to which I will not sink to provide you with your weekly entertainment, here goes:
Names like Matt Brady come to mind, as well as Mark Evanier. They were both once regular writers in the Fidonet COMICS echomail conference which I participated in and later moderated.
Now that we've mentioned comics, somewhere around here I've got a copy of an email I received from one of the creators of DC Comic's Major Bummer telling me how much he liked my mention of that comics series on my website. It was unfortunately cancelled around that same time. I have that effect on comic books.
I've been known to argue STAR TREK continuity with Steve Gerber. I don't remember the exact details, but I vaguely recall Steve offering to send me his original script for an episode of The Next Generation which he had written just to prove that the technical error I had observed on screen had not come from him but had instead been inserted at some later point in the production process. He also gave me a great quote which I carry with me even to this day: "The only real 'canon' is that The Powers That Be can and have and will continue to make mistakes."
Gina, you never got paid for all those story ideas which were pitched, rejected, and then later used anyway without any credit to you. But you're still the best of us all in my book.
My old college buddy Greg actually thinks that I'm the better writer of us two. I'm not so modest that I won't let him think that. On the other hand, my local paper has never given me a job and regular space in the entertainment section. Or been paid to help someone get elected to public office. For that matter, he's currently paid to do public speaking for a company so prestigious that they probably don't even want me mentioning their name on a website like this. When I get to speak to the public in my paying job, it's usually something like "Move along. Nothing to see here."
I never actually met Robert A. Heinlein, but I count him as a near miss. A young lady I was seeing did run into him once and ended up joining him and his wife for dinner. Robert A. Heinlein picked up my girlfriend. A proud day for me.
Oh, and I guess it was a proud day for her, too.
Then, of course, there are the wonderful people I met back when I was doing Sfstory. This was back in the late 80's when I first starting writing for the public. Or, rather, when I broke down and started letting the public read what I'd been writing. Email discussion lists were the outlets of my creative efforts.
The discussion list Sfstory, or SFSTORY, or SF_STORY, or Sci-Fi Story, or Science Fiction Story, or whatever the actual official name might have been, started out as a "round robin" sort of thing where each author wrote a chapter based on what had come before. The list began as a fairly serious science fiction effort and very quickly turned to humor, sarcasm, and parody.
The fact that I started writing for it fairly early on had absolutely nothing to do with this turn. Nothing at all. Absolutely.
Sfstory also eventually morhped from "round robin" to more of a "shared universe" sort of deal, with individual authors penning individual storylines involving their individual characters, albeit with continual crossovers and borrowings and guest appearances and mega special Summer blowout events.
I didn't realize it at the time, but we were basically scripting a group of science fiction comic books. But others did realize it and began a story of a type more traditionally found in comic books: a superhero story known as Superguy.
Superguy is, well, super. No, he is SUPER. Imagine all the powers and abilities of your ten favorite superheroes. Roll them all into one really great guy, subtract all their weaknesses and faults, and you're basically left with Superguy. In fact, Superguy is so super and so busy saving the world on a roughly hourly basis that he doesn't really have time to dictate his memoirs or even really interact with the people of the world in general. So Superguy the comic -- er, discussion list -- is actually a story about all the other lesser superbeings of the world, collectively known as Superguys (even the girls).
Superguy started off in the pages of Sfstory. Eventually, Superguy spawned its own discussion list which is still running today. You can subscribe and learn more by going to $link:http://www.eyrie.org/superguy/$ and clicking the appropriate links. I especially like the autocollector. Sfstory eventually lost its own list and now exists as a subplot in Superguy. That's what we like to call irony.
The point of all this digression is that during my writing for Sfstory, I met and spoke and shared universes with several other young writers, all of whom have gone on to bigger and better things. I could mention names like Jeff Smith, Andy Robinson, Carlo N. Samson, Burce Pennypacker, and some guy who posted under the name of The Cowboy or Tennessee H. Cowboy. He later started posting again under the name Troy H. Cheek, which is probably also a made up name. (I mean, who could possibly be named after an out of work B-movie actor and a body part?) There was also Scott McGuire, Eric Alfred Burns aka Lord Sabre, Patrick McCoy, Nathan Irwin, Doctor Abigail Ann Young, Beth Jones, John Sullivan, Andrew Lewis, and any number of others.
And that's just a partial "old school" list of some of them people who were active back when I was active.
Now, I'm actively writing (for sufficiently small values of "actively") for Superguy, but I've lost track over the years of most of my fellow writers. In fact, my sneaky reason for listing all of them above is the hope that some of them might stumble across this webpage via some search engine or another. And maybe email me. Let me know what life has done to them in the last 15 or 20 years.
One old friend that I did manage to relocate (then lose, then re-relocate) is Eric Alfred Burns, aka Lord Sabre. Eric has actually managed to sell a few things he's created since those days of writing for free in Sfstory, so I consider him to be a professional writer. I've read or re-read a lot of his stuff recently and, let me tell you, that guy can write good fiction (for sufficiently small values of... just kidding).
I've managed to find a couple of websites where I can keep track of my old chum Eric, and I would be remiss if I didn't throw in some links here to drive some web traffic his way. The first is $link:http://www.livejournal.com/users/demiurgent/$ which is his blog/journal/moanfest, Whistling in the Dark. This I believe comes from a They Might Be Giants song entitled, appropriately enough, "Whistling in the Dark." That his subtitle is "There is Only One Thing That I Blog..." which is very similar to the lyrics is also a clue. This can't be anything else but a homage to that group and their 1990 album Flood. I have it on both tape and CD.
Which is why I haven't mentioned it to him. He's probably never heard of the group or the album or the song and came up with all that entirely on his own and will think me silly for even mentioning it.
The other site is $link:http://websnark.com/$ or just Websnark for short. His subtitle for that one is "Proven able to write in volume. Now if only there were some call for that."
Which is pretty much the subtitle for my life, now that I think of it. Any number of efforts I have put forth have gotten little more editorial response than "My, you certainly have done a lot of typing, haven't you?"
Why a name like Websnark? The word "snark" comes from Lewis Carroll's poem "The Hunting of the Snark." It's a kind of beastie. In computer terms, a snark is some kind of threat or problem on a computer. However, the word has come to also mean sarcastic commentary or the sarcastic expression of opinions. He snarks, she snarks, they snark. That kind of thing. (Copied without permission from his site.)
Since Eric's sense of humor, much like mine, tends to run towards the sarcastic, Websnark is his place to snark about the web, life, the universe, and everything. He mostly focuses on webcomics, but there's a little about everything else in there as well.
If you like webcomics or have a weird sense of humor or just generally like to read stuff, I suggest you hop on over to Websnark and see what I'm talking about.
And if you do, please drop him a line and tell him that Troy sent you, and where I sent you from. Otherwise, he'll have no reason to link back to The View from the Corner and the Internet will come to a crashing halt.
Copyright 2004 by Troy H. Cheek. Reprint with prior written permission only. Comments and questions to $mail:theview$
Back to top | Back to View Main |
Send feedback to $mail:theview$ | Back to Cheek.Org |
This page last updated on Dec 20, 2004 by Troy H. Cheek |


text:
The Blood Type Diet Archives Volume 3
Posted By: MaryDate: March-06, 1998 at 21:08:36
In Response To: What therapies do different blood types respond to? (Micayla)
My husband has blood type B and be responds well to Rolfing and deep tissue massage, as well as responding well to subtle energy healing modalities, like reiki. As a type A, I responded well to both, also. I did not like that rolfing changed my face shape, though.


text:
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DITTER S5 MINI GSM/GPRS 900/1800MHZ Car Motorcycle Vehicle Tracking Personal Alarm - Black
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D3 Car Vehicle ELM327 Bluetooth OBD2 V1.5 Code Reader Scanner - Black
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Heacent TK103B GSM / GPS / GPRS Car Vehicle Tracking System w/ Remote Controller - Black
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Opel Tech2 USB Cable Car Vehicle Diagnostic Tool - Blue
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H06A Multi-functional GSM / GPS / GPRS Car Vehicle Tracker - Black
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OP-COM Car Vehicle Diagnostic Tool - Black
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Ford Car Vehicle Diagnostic Tool Scanner - Black
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Car Vehicle Sun Visor Clip Sunglasses / Eyeglass Holder - Blue
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Car Vehicle Sun Visor Clip Sunglasses/Eyeglass Holder
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Portable 850 / 900 / 1800 / 1900MHz GPRS / SMS Vehicle / Car Tracker w/ SOS - White
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Car Vehicle Rearview Mirror Monitor Parking Sensor System
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Car Vehicle Sun Visor Clip Sunglasses / Eyeglass Holder - Black
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Car Vehicle Sun Visor Clip Sunglasses/Eyeglass Holder - Black
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MS-08 Waterproof Anti-theft Car Vehicle GPS Tracker Tracking System - Black
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Universal Car Vehicle Suction Cup 360' Rotary Adjustabtle Plastic Mount Holder for Cellphone - Black
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(18 Reviews)
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2.8" LCD Car Vehicle Diagnostic Tool Scanner - Red
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Car Vehicle Sun Visor Clip Sunglasses Glasses Holder - Blue + Black
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Skoda Jetta Golf Beetle Touareg GTI Passat and more sold worldwide since 1990 - Read and clear generic trouble codes of cars - Reset oil service light - Works on engine, ABS
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4.3" TFT LCD Monitor for Car Vehicle (960 x 468 / DC 12V)
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» Car Monitors
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Car Vehicle Mounted Cell Phone Holder Stand - Pink
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Car Vehicle Air Conditioner Mount Holder for Samsung Galaxy ace/s5830 - Black
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Tire Pressure Gauge 50 PSI for Inflatable Car Vehicle
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10W LED Vehicle White Light Working Auxiliary Lamp - Black (9~30V)
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Car Vehicle Safety Reflective Stickers - Green (Size-L / Pair)
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3-Cable Car Vehicle DIY Push Button Switch with LED Green Light - Black
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text: 280 Walnut Hollow Road Status: Off Market MLS#: 526823 Contact Email this listing Share on Pinterest Share on Google+ Share on Facebook Share on Twitter Calculate Mortgage Print Flyer Get Directions Request a Showing Off Market 280 Walnut Hollow Road, Brevard, NC 28712 is no longer on the market or has been removed from the MLS. Similar to 280 Walnut Hollow Road: Ask an Agent About 280 Walnut Hollow Road * Required fields Send Your Question × Monthly Payment Estimator Price: Down Payment: % Loan Amount: Loan Type: 30 Year Fixed 15 Year Fixed 5/1 ARM Interest Rate: % Est. Tax & Insurance: % ($/mo.) × Email a Listing 280 Walnut Hollow Road, Brevard NC, 28712 From: Name: Email: To: Name: Email: Subject: Message: Take a look at this property I found on ExitAsheville.com: http://www.exitasheville.com/homes/280-Walnut-Hollow-Road/Brevard/NC/28712/25988550/ Send a copy of this message to me Send Email