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1Look for "Special Offers" on a specific car
2Get your upfront, locked-in price from the dealer
3Go to the dealership to buy your car with no haggle
2000 Cadillac DeVille DHS 4dr Sedan
I have owned a 2000 Cadillac DeVille DHS for about 5 years.
When a favorite relative passed it on to me, it was almost 9 years old and had sat unused in a garage for at least 2 years with just 22,000 miles on it.
Professional mechanics told me I would likely have all kinds of very expensive problems with it and offered to take it off my hands and pay me $2000.
GM was in trouble at the time but I decided to keep the car and take the risk.
With the exception of replacing the battery, tires and overhauling the brakes - they were wrong about every other dire prediction.
In 5 years, I've spent about $5000 in repairs and maintenance on the car.
It's been worth every dollar.
the full review
2000 Cadillac DeVille DTS 4dr Sedan
As a child of the sixties, I always admired the iconic Cadillac brand.
Back when I was a kid, a Cadillac was a Cadillac and everything else paled in comparison.
As I approached 45 years old, I was looking to buy a car and looked at everything, from BMW to Jaguar to Mercedes Benz, but my wife had been working for a major cosmetic company and had earned 2 pink Cadillacs in 02 & 04.
That's where I fell in love with the Deville.
It had everything, style, prestige, confort, performance, and reliability.
The DTS ticked all the boxes for what I wanted in my own car.
So I found my bronzemist DTS and brought her home.
5 years later, I'm still in love with her.
the full review
2000 Cadillac DeVille DTS 4dr Sedan
I purchased this beauty on ebay with 100,000 miles and the car was a super clean Sarasota, Fla car.
It has all options and is an eye catcher. I first had to replace the tork converter sensor at 128,000 miles $980 and at 168,000 getting an occasional tork sensor code again but the light goes out and mileage is great.
Replaced the left front wheel hub at 105,000 miles and the right is near ready to be replaced.
The steering wheel programing is in need of fixing because the wheel don't move up on exit but down.
The CD player rejects and gives an alarm code.
The dash cover rolled up on the edges which is common on those models but was simple to repair with adhesive and replace. Love the car
the full review
2000 Cadillac DeVille 4dr Sedan
I bought my caddy in 2003 put about $1200 into it, it now has 128,000 miles replaced belts hoses flushed anti, replace tires changed fuel filter,this was all done in 2008 when it had 90,000 miles, i change the oil every 5000 miles, and the car still gives me about 28 miles to the gallon on the highway,and 19 in the city, yeah i put 3 qts of oil every 2000 miles but thats a good thing that the car uses oil, if a engine didn't burn oil then you had something to worry about. I'm very happy with the car that i now bought a 2005 DHS for myself and the wife uses the 2000 caddy to and from work. The car is just awesome and i would never buy anything but a caddy.
the full review
2000 Cadillac DeVille 4dr Sedan
I hate this car is nice and comfortable but it is not reliable at all. First it started with the head lights, then the battery, then the rear lights, and then the oil pump.
the full review
2000 Cadillac DeVille DHS 4dr Sedan
Bought car new in Dec. 2000. Never any problems - only oil changes, batteries, and tires required. All gadgets still work great, but service engine light has come on - transmission torque converter code. Mileage has not dropped, but light still worries me. Since dealer wants over $3K to fix what is now a $5K car, I will probably buy a foreign luxury car (Lexus, Audi, Mercedes). Refuse to buy from any company that took government bailout money. GM and banks should perish for stealing from taxpayers.
the full review
2000 Cadillac DeVille 4dr Sedan
I've owned my 2000 deville since 03 and love it. It does burn oil but thats normal. Its got 112,000 on it and has been great. Just now having to really put money into it. Power steering pump and hose goes out at this millage. Over all great car and will buy another one.
the full review
2000 Cadillac DeVille DTS 4dr Sedan
bought mine with 71k about a year ago. now has 96k and only have replaced an egr valve. does burn 1 quart between oil changes but from reading here, typical. great gas mileage 25 on highway. great punch when you need it. just replaced brakes all around for 350.00 with ceramic pads and the egr valve was about 200.00. I would buy another one.
the full review
2000 Cadillac DeVille DHS 4dr Sedan
nice looking car, smooth ride( don;t buy if like taking fast corners)but extreamly expensive to repair. after 100000 miles mark all electrics starts to give up.exelent cruser on highway up to 27 mpg, not so good in the city, i live in chicago and not offten get more then 13mpg in city.
the full review
2000 Cadillac DeVille 4dr Sedan
First luxury new car I bought. Treated it well, drove easy. Torque converter replaced at 38K mi. Power Steering replaced at 40K mi. Oil - a quart every 2K mi. Water level sensor out at 60K mi. Fuel pump out at 60K mi. MAFE sensor intermittent at 70K mi and Radiator leak started. On Star obsoleted equipment in car and it ran down battery. Replaced battery. Dash cover turning up at corners at 90K mi even though garaged all the time. A/C blowing greasy stuff out of vents at 90K mi. Torque converter out again at 105K mi. All repair prices/parts out of sight because it's a Cadillac. My used cars all were better than this one. To think I paid $40K....
the full review
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England News
- Nickname:Three Lions
- Founded: 1872
- Manager:Roy Hodgson
- Ground:Wembley Stadium
- Capacity:90000
- Last Game: 09-Oct-2014 19:45
- England5
San Marino0 - Full match report
Swedes sweet on Cole
21 Jun 2006 - 10:08:16
England midfielder Joe Cole won high praise from Sweden goalkeeper Andreas Isaksson after his wonder strike in the 2-2 between the two sides in Cologne.
Chelsea schemer Cole cracked in a superb 35-yard shot to give England the lead 34 minutes into the Group B finale, before Sweden hit back to earn a point.
Isaksson told BBC Sport: "Cole was England's best player by a long way. He is very important to this England team.
"He has lots of skills the others don't have. He scored a great goal and we were very impressed with him."
Of his country's 38-year unbeaten record against England, Isaksson added: "I don't know why England can't beat us.
"I think we are extra motivated when we play against England because in Sweden we grew up with English football and we watch the Premier League.
"It has always inspired us and we have many players who have played in the Premier League.
"Whatever the reason, we are happy about it and happy England still couldn't beat us here. We take great confidence from that."
Related England News
Related England News


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text: AOL Inc. MAY 2012 Forward-Looking Statements This presentation may contain "forward-looking statements" within the meaning of the federal securities laws, including statements concerning anticipated future events and expectations that are not historical facts. Words such as "anticipates," "estimates," "expects," "projects," "forecasts," "intends," "plans," "will," "believes" and words and terms of similar substance used in connection with any discussion of future operating or financial performance identify forward-looking statements. These forward-looking statements are based on management's current expectations and beliefs about future events. As with any projection or forecast, they are inherently susceptible to uncertainty and changes in circumstances. Except as required by law, we are under no obligation to, and expressly disclaim any obligation to, update or alter any forward-looking statements whether as a result of such changes, new information, subsequent events or otherwise. Various factors could adversely affect our operations, business or financial results in the future and cause our actual results to differ materially from those contained in the forward-looking statements, including those factors discussed in detail in the "Risk Factors" section contained in our Annual Report on Form 10-K for the year ended December 31, 2011 (the "Annual Report"), filed with the Securities and Exchange Commission. In addition, we operate a web services company in a highly competitive, rapidly changing and consumer- and technology-driven industry. This industry is affected by government regulation, economic, strategic, political and social conditions, consumer response to new and existing products and services, technological developments and, particularly in view of new technologies, the continued ability to protect intellectual property rights. Our actual results could differ materially from management's expectations because of changes in such factors. Achieving our business and financial objectives, including growth in operations and maintenance of a strong balance sheet and liquidity position, could be adversely affected by the factors discussed or referenced under the "Risk Factors" section contained in the Annual Report as well as, among other things: 1) changes in our plans, strategies and intentions; 2) continual decline in market valuations associated with our cash flows and revenues; 3) the impact of significant acquisitions, dispositions and other similar transactions; 4) our ability to attract and retain key employees; 5) any negative unintended consequences of cost reductions, restructuring actions or similar efforts, including with respect to any associated savings, charges or other amounts; 6) market adoption of new products and services; 7) the failure to meet earnings expectations; 8) asset impairments; 9) decreased liquidity in the capital markets; 10) our ability to access the capital markets for debt securities or bank financings; 11) the impact of "cyber-warfare" or terrorist acts and hostilities and 12) the approval of the patent transaction with Microsoft Corporation by antitrust authorities and the satisfaction of the other closing conditions to that transaction as well as to factors that could affect the manner, timing and amount of the return of any of the sale proceeds to AOL shareholders including the need for AOL to retain cash for its business or to satisfy liabilities. Additional Information In connection with the solicitation of proxies, AOL has filed with the Securities and Exchange Commission, a definitive proxy statement and other relevant documents concerning the proposals to be presented at AOL's 2012 Annual Meeting of Stockholders. The proxy statement contains important information about AOL and the 2012 Annual Meeting. In connection with the 2012 Annual Meeting, AOL has mailed the definitive proxy statement to stockholders. In addition, AOL files annual, quarterly and special reports, proxy statements and other information with the SEC. You are urged to read the proxy statement and other information because they contain important information about AOL and the proposals to be presented at the 2012 Annual Meeting. These documents are available free of charge at the SEC's website (www.sec.gov) or from AOL at our investor relations website (http://ir.aol.com). The contents of the websites referenced herein are not deemed to be incorporated by reference into the proxy statement. AOL and its directors, executive officers and certain employees may be deemed to be participants in the solicitation of proxies from AOL's stockholders in connection with the election of directors and other matters to be proposed at the 2012 Annual Meeting. Information regarding the interests, if any, of these directors, executive officers and specified employees is included in the definitive proxy statement and other materials filed by AOL with the SEC. 2 Executive Summary We believe: • AOL's stock is a top performing stock in our industry year-over-year and year-to-date • AOL's stock is up 166% since its low as a direct result of the actions taken by AOL's management and Board A# • AOL has made significant operational and financial progress since spinning off from Time Warner only two and a half years ago • AOL has a clear, concise, and publicly communicated growth strategy and is on track to meet our strategic goals • AOL's Board nominees are diverse and have significant operational, financial and public board experience in AOL's areas of strategic focus • The dissident slate does not have a long-term strategy or relevant industry experience • All of AOL's senior management and directors own stock in the company and AOL's Chairman and CEO is the single largest individual investor in the company 3 AOL Inc." Shareholder Value" Strategy" Execution" Governance AOL Inc." Shareholder Value" Strategy" Execution" Governance AOL's stock has significantly outperformed the major indices" over the last twelve months and since AOL's August low AOL actions have helped; Starboard's have hindered AOL +166% Since August 2011 AOL +39% over last twelve months 275.0% ! 8/11: AOL 2/24: Starboard nominates 5 4/10: Starboard sends public letter to AOL voicing concerns around AOL's 266.1% directors. poor track record of capital allocation. A# authorizes 250.0% ! Shares fall 1%. Shares fall 6%. $250 MM share repurchase 3/30: Starboard sends Shares up 12/21: Starboard public letter to AOL 225.0% ! 12%. sends 1st public following rumors AOL hired 5/9: Q1 earnings beat, letter to AOL BOD. Evercore. Shares fall 2%. guidance, 100% of patent 8/9: Q2 Shares up 2%. proceeds to shareholders, 200.0% ! earnings. 2/1: Patch to 2012 run-rate Lowered Q4 earnings profitability. guidance. 11/2: beat. Shares Shares up 3.5%. Shares down Q3 earnings up 10%. 175.0% ! 26%. beat. Shares 4/9: up 12.5% $1.1B Patent 2/16: Starboard files agreement with 150.0% ! 5% ownership. MSFT. Shares Stock flat. up 43%. 125.0% ! 119.2% 100.0% ! 116.4% 75.0% ! 8/10/11! 10/6/11! 12/2/11! 1/28/12! 3/25/12! 5/22/12! AOL! S&P Mid Cap 400! NASDAQ Composite! 6 Source: FactSet 5/22/12 AOL's stock has significantly outperformed our peers" over the last twelve months and since AOL's August low AOL actions have helped; Starboard's have hindered AOL +166% Since August 2011 AOL +39% over last twelve months 275.0% ! 266.1% A# 250.0% ! 225.0% ! 200.0% ! 175.0% ! 150.0% ! 125.0% ! 100.0% ! 113.2% 75.0% ! 8/10/11! 10/6/11! 12/2/11! 1/28/12! 3/25/12! 5/22/12! AOL! Online Peers! (1) 7 Source: FactSet 5/22/12 (1) Online Peers are market value weighted and include US companies with market values greater than $500 million in the FactSet defined industries of Internet Software/Services and Internet Retail We believe AOL's share price outperformance " is being driven by 6 things 1. Improved operational performance which has led to beating Wall Street expectations in each of the last three quarters 2. 2012 Adjusted OIBDA guidance released on May 9, 2012 that was approximately $40 A# million or 13% ahead of Wall Street's previous consensus 3. The announcement of a $250 million share repurchase authorization on August 11, 2011 and the subsequent repurchase of 14% of the shares outstanding 4. The announced $1.056 billion patent transaction with Microsoft and AOL's commitment to return 100% of the proceeds of the transaction 5. AOL's commitment to bring Patch to run rate profitability by Q4 2013 6. AOL's commitment to return to Adjusted OIBDA growth in 2013 8 AOL reduced its shares outstanding by 14% since 2009 Reducing shares outstanding At very attractive prices Shrinking equity creates leverage Shares repurchased at very M# to the upside for shareholders attractive prices 110 $30 (Shares Outstanding In Millions)" $25 $27.20 105 107 $20 100 $15 95 $14.11 $10 94 90 $5 85 $0 December 2009 May 2012 Avg. Repurchase Price Price at 5/22/12 We believe shrinking equity at very attractive prices creates " significant future leverage for shareholders 9 $1 Billion Cash Return to AOL Shareholders Patent transaction represented 60% of AOL's market cap " on the day of the transaction ($'s in Billions)! 1.8 1.6 • AOL Shareholders to receive 100% of proceeds of the $1.056 billion patent transaction 1.4 1.2 • 60% of the pre-announcement market cap returned to shareholders M# 1 • AOL Board & management started process prior to shareholder activism and was delayed 0.8 $1.7 $1.056 #the## by activism of#the# 0.6 • Transaction structured tax efficiently 0.4 0.2 0 AOL Market Cap Day Before Patent Sale Proceeds Patent Transaction 10 AOL hired advisors and initiated the process to realize the value of its non-strategic patents in July 2011, five months before Starboard's first letter" " A# • In a nine page letter to AOL's Board that was leaked to the Wall Street Journal prior to its delivery to AOL's Board on December 21, 2011, the word PATENT was not mentioned once • The first time Starboard mentioned the word PATENT in a letter to AOL was on February 24, 2012 after AOL's process had already begun • We believe Starboard's December 21 letter delayed the process 11 AOL's management & Board have already made significant commitments to shareholders • AOL has committed to returning 100% of the proceeds from the patent transaction to shareholders, representing over $1 billion (approx. 60% of AOL's market capitalization at the time of the transaction) • AOL provided 2012 Adjusted OIBDA guidance of $350 Million(1) up from 2012 Wall Street consensus of $310 Million(2) • AOL has committed to getting Patch to run-rate profitability by Q4 2013 e## • AOL has committed to organizing AOL's operations by, and reporting on, ficant# segments • AOL's Board has committed to adding two new, high quality, independent directors to its Board in consultation with all shareholders We expect the AOL Board's track record of shareholder value creation over the past two and a half years to continue (1) Excludes expenses related to the proxy contest with Starboard and related to the patent transaction 12 (2) Please see appendix for reconciliations of all Non-GAAP to GAAP measures Independent, shareholder friendly and directly aligned corporate governance structure • 7 out of 8 independent directors • All committees are 100% independent directors Independence • Lead independent director • Independent directors meet in executive session without management present • All directors elected annually THE AOL BOARD Responsiveness • No supermajority merger requirement BRINGS FRESH • No shareholder rights plan PERSPECTIVE … • Highly diverse board with 3 female members of 8 Strong board alignment " • Significant female marketing experience Average Board tenure is with target market • Significant journalism, media and content experience less than 3 years • Rigorous stock ownership guidelines for directors and senior executives Significant insider " • All directors and executive officers own AOL stock ownership + Beneficially hold almost 5% + Most shares purchased in the market • Over 70% of CEO's new equity compensation arrangement is "at risk" and pays out only upon achievement of increased stock price performance Performance incentives • Clawback policy • Policy prohibiting hedging by employees • Equity plans prohibit share recycling and re-pricing for option/ SARs 13 AOL Inc." Shareholder Value" Strategy" CONTENT" ADVERTISING" LOCAL" AOL SERVICES" Execution" Governance AOL's operations Continue Building Digital Brands to Provide Consumers With Unique Experiences at Scale • 80/80/80 Strategy CONTENT BRANDS • Destination Brands in Key Categories e.g., News, Tech, Auto, Style, Entertainment • Enhanced Consumer Experience e.g., Project Devil A# Leverage Brand Portfolio to Attack High Revenue Growth Markets • Video & Brand Advertising ADVERTISING • Local & Local Commerce • End-to-End Solutions for Advertisers and Publishers Improve and leverage the AOL brand and services • Continue to improve and update AOL's existing products and AOL SERVICES services • Develop compelling new products and services for consumers PLATFORM OF COST STRUCTURE OPTIMIZATION 15 AOL Inc." Shareholder Value" Strategy" CONTENT" ADVERTISING" LOCAL" AOL SERVICES & SEARCH" Execution" Governance Consumers and advertisers are attracted to fewer and bigger brands • ~70% of consumers have 20 or fewer sites in their Size of the Average Media Mix(1) core mix A# 50% % of total sites visited 40% 44% • 44% of the web audience limits their core media mix 30% to 10 sites or less 20% 25% 17% 10% 15% 0% 10 Sites or fewer 11-20 Sites 21-30 Sites More than 30 Sites # of sites on which consumers spend most of their time (1) Media Mix: All sites ('domain.com') visited by an individual during a typical month 17 Source: Nielsen study in Sept. 2010 AOL's Strategy: Building Brands for the Digital Century" 80 / 80 / 80 Philosophy: AOL's Organizing Strategy 80 80 80 INFLUENCERS WOMEN LOCAL 74% of all decisions are made 85% of household spending 86% of purchases are local consulting influencers is controlled by women (under 10 miles from home) nt# 18 Sources: eMarketer November & October 2010; comScore Plan Metrix December 2010 Case Study: Stylelist Strategy for Growth Positioning • Increase organic audience with SEO and social • Stylelist is where the fashionable come for style inspiration • Increase video content views and ads • Profitable, growing site focused on higher • Increase percentage of premium format ads income, fashion conscious women # • • Build out mobile web and application portfolio Increase advertiser base and content focus • Premium content integral to the AOL portal experience, which also drives significant traffic • Top advertisers include Citigroup, P&G, Kimberly Clark, Target and WM Wrigley Performance Key Metrics Q1 2012 YoY Revenue Growth 14% Managed Contribution Margin 23% YoY Avg. Monthly comScore PV Growth +119% YoY Avg. Monthly comScore Mobile UV Growth +78% % Revenue from Video 6% % comScore entries from AOL homepages 34% 19 (1) Source: comScore (March 2012) and Internal AOL Metrics AOL has a model for creating profitable stand-alone properties with attractive margins We believe AOL's current revenue and cost initiatives will meaningfully increase profitability Potential Direct Revenue Less Costs(1) Margin Illustrative AOL Branded Content Channel Assuming Fixed Cost Base M# Direct Revenue 100% Cost Reduction 0% Revenue Growth Rate 5% 10% 15% 0% 20% 24% 27% 30% Costs(1) 80% 5% 24% 28% 31% 34% 10% 28% 31% 35% 37% % Revenue 20% 15% 32% 35% 38% 41% • Prior to shared corporate and technology costs, many • There is significant leverage to the model when AOL properties are profitable with industry margins revenue grows and/or costs are reduced • AOL believes Starboard's analysis incorrectly allocates • AOL is growing advertising revenue again 100% of AOL's shared corporate and technology • AOL has a track record of expense reduction infrastructure to one area of AOL's business AOL's strategy and investment is focused on increasing " revenue while reducing the significant cost base we inherited 20 (1) Costs are prior to share corporate and infrastructure costs and include, among others: traffic acquisition, content, ad sales, direct technology and marketing expenses AOL Inc." Shareholder Value" Strategy" CONTENT" ADVERTISING" LOCAL" AOL SERVICES & SEARCH" Execution" Governance AOL's Strategy: Significant Shareholder Upside $20B Opportunity in Domestic Online Spend Ad Spend Is" Rich Media & Video Growing Online Activity Influences Shifting Online (1) The Fastest (2) Offline Action (3) US Video & Total U.S. Retail Sales Online Influenced 43% 43% Rich Media: Offline Purchases: A# 21% CAGR 9% CAGR GR $20B C AGR $58B 4% CA 16% Opportunity $53B $256 $290 in U.S. $47B $194 $224 27% $155 $167 25% $40B $1,312 $1,409 19% $32B $917 $1,021 $1,115 $1,213 16% 11% 8% 8% 0.5%# $1,475 $1,430 $1,410 $1,384 $1,483 $1,432 Print& Radio& TV& Internet& Mobile& 2011 2012E 2013E 2014E 2015E 2009 2010 2011 2012 2013 2014 Time spent Other Online Offline Sales Not Online Influenced Influenced By Offline Sales Ad spend Video & Rich Media Online Presence Online sales (1) Kleiner Perkins Caufield Byers (October 2011) (2) eMarketer (February 2012) 22 (3) eMarketer (March 2012); Forrester Research Inc. (2010) AOL Strategy: Attack Growth Markets Brand Choice In-Market Targeting Pages-to-Parking Lots AOL helps advertisers AOL matches advertisers with AOL can drive offline commerce drive brand choice in-market intenders A# • Projected US Display • Projected US Behaviorally • Projected US Web- Advertising Sales(¹) (2012): Targeted Online Ad Spend: Influenced Offline Retail $14 billion $1.7 billion Sales (2012): $1.2 billion • Forecast year-over-year • Forecast year-over-year • Forecast year-over-year Growth: 17% Growth: 24% Growth: 8% (1) Includes banner, sponsorships, video, and rich media 23 Source: eMarketer (February 2012), Forrester Research (July 2011) We believe AOL has some of the best and fastest growing products in the industry Project Devil Video • Devil interaction rates significantly outperform industry • AOL is the 6th largest video network in the U.S. (1) rich media formats • eMarketer projects >50% growth in ad spend on • Devil ad penetration is less than 1%. For every 1 video in 2012 (2) A# percentage point we increase Devil penetration on AOL properties we expect to increase AOL Ad revenue by approximately $40 million • AOL sold over 1 billion video impressions in Q1 2012 vs. ~500M impressions in Q1 2011 Source: (1) comScore (March 2012) 24 (2) eMarketer (February 2012) Ad.com Group provides scale and performance for advertisers while maximizing yield for publishers An end-to-end solution " Q1 2010 Q1 2012 for Advertisers and Publishers Revenue decline of -17% Revenue growth of +23% Advertising.com comScore's leading ad network in US, UK and A# Canada Pictela AOL's own premium ad format, IAB Portrait unit powered by Pictela technology AOL On Premium video channels with interactive ad units, and dynamic video formats ADTECH Industry-leading ad serving solutions that manage advertising campaigns across all formats. "Third Party Strong, Momentum Continues – AOL's Third ASL Party revenue (Ad.com, plus acquisitions) grew Premium Pay-Per-Click text ad network sequentially for the seventh straight quarter to $110.2m (+23.3% Y/Y), ahead of our $98.3m estimate." Ross Sandler RBC Capital Markets 5/10/2012 25 AOL Inc." Shareholder Value" Strategy" CONTENT" ADVERTISING" LOCAL" AOL SERVICES & SEARCH" Execution" Governance We believe the local advertising opportunity is massive We believe Patch is the hyper-local platform of tomorrow solving simple problems in towns across the United States 2012 2016 A# $24B $39B $136bn Local Online Advertising $151bn Local Advertising We believe Patch positions AOL to capitalize on the explosive growth in local online advertising 27 Source: BIA/Kelsey Annual U.S. Local Media Forecast, 2010-2016, (March 2012) We believe Patch is AOL's organic "game changer" A hyper-local platform at the heart of what's Remaining Investment working best nationally… • AOL has made the difficult, but we believe the correct decision to invest in hyper-local through our P&L rather than through acquisition • 2011 was the high water mark in terms of Adjusted OIBDA We believe Patch has: investment • Significant existing audience reach • AOL is firmly committed to Patch • Deep and broad advertiser relationships run-rate profitability by Q4 2013 • Tremendous data to drive performance 28 We believe Patch is a unique solution for local content A hyper-local platform at the heart " Patch is for… of what's working best nationally… The Consumer • Hyper-local community platform & forum A# • Professional, local journalists • Easy-to-use self publishing functionality The Advertiser • A unique, targeted, attractive audience of highly- engaged users # • A flexible and powerful solution to reach local, regional and national consumers AOL • Local, regional and national networked platform • Scalable technology platform • Structured data • An investment in the future of the internet 29 Patch has national reach and desirable demographic With a very valuable Patch's footprint is well established demographic… 14 • Reach approximately 30% of all US Retail & Food Sales (1) A# 26 10 73 74 • $100k+ Household Income (2) 15 29 14 9 62 • 58% Women; 73% Married; 42% 59 17 82 of HHs have children (3) 57 50 135 23 29 DC – 1 • 90% Within 10 miles of Big Box 1 Retailer (4) 11 43 • Older Patches have >80% implied penetration* (Uvs per town/ town population) (5) 19 • 73% of announcements and 69% of events are user-contributed (6) 853 Patch communities across 22 states & the District of Columbia (1) Based on Nielsen 2008 Retail Market Power Database (Census Tract Level), as analyzed and adjusted by the Company to approximate geographic areas served by individual Patches. (2) Based on publicly available US Census data and other publicly available demographic data sources such as City-data.com and local and municipal government websites, in each case as analyzed and adjusted by the Company to approximate geographic areas served by individual Patches. (3) Based on internal Patch data including data obtained through surveys of Patch users by the Company. (4) Based on internal Patch model comparing geographic areas served by individual Patches with geographic location data obtained from AggData LLC for the following "big box" retailers: Best Buy, Walmart, and Target (and certain of their respective subsidiaries). (5) Calculation based on (a) publicly available US Census data and other publicly available demographic data sources such as City-data.com and local and municipal government websites, in each case as analyzed and adjusted by the Company to approximate geographic areas served by individual Patches, and (b) internal Patch data. 30 (6) Based on internal Patch data obtained through Patch's content management system. We believe Patch's audience and " revenue growth has been impressive In Just 1.5 Years Patch Has Grown its Usage From We Believe That In Just 3 Years From Inception, Patch Number 10 to Number 5 in Local will Generate $40-$50 Million in Revenue 12 AOL expects $50 $40-$50 Million A# $45 10 $40 8 $35 ( Revenue In Millions) Users 6 $30 $25 4 $20 2 $15 0 $10 Jan-10 May-10 Oct-10 Feb-11 Jul-11 Dec-11 Apr-12 N/A #10 #6 #4 $5 Local Ranking $0 2010 2011 2012 Source: comScore (May 2012) 31 Case study: Huntington, New York Patch's goal is to be profitable in every town Patch's focus is growing and monetizing Strategy and sources of upside engaged local audiences • Launched February 2010 Increase Audience Engagement • Audience grows as town engaged • Increase visit frequency and content A# • • Audience levels as town penetrated Monetization grows from merchants targeting engagement (e.g. daily newsletters, social) • Tools and capabilities that embed the platform further in the daily lives of town inhabitants audience platform • Group versus individual functionality (e.g. town • Town Patch margin increases calendar and alerts) Revenue and Margin Growth 50 $50 Omniture Monthly UVs ('000) 45 $45 40 $40 • Improving content generation economics (e.g. 35 $35 UGC capabilities such as commenting, blogging, $'000 Per Month 30 $30 25 $25 photos, video, fewer freelancers) 20 $20 15 $15 10 $10 • More efficient and varied sales channels and 5 $5 0 $0 methods (local, regional and national) (5) ($5) (10) ($10) (15) ($15) • Additional consumer and merchant products and 4/1/10 6/1/10 8/1/10 10/1/10 12/1/10 2/1/11 4/1/11 6/1/11 8/1/11 10/1/11 12/1/11 2/1/12 4/1/12 services that monetize the audience Omniture UV, Excluding Staff Revenue (1) In Town Managed Contribution and Loss 32 (1) Defined as revenue less direct costs Patch Summary • We believe that over the next 12 to 18 months the value of Patch will increase significantly as AOL and its shareholders reap the benefit of prior Patch investment. We believe Starboard wants to shut down Patch immediately, which represents a short-sighted view that would reduce potential shareholder returns # • We recognize that Patch is a significant investment and as a result, it is the single most scrutinized asset at AOL from a management and Board perspective • 2011 was the high water mark for Patch in terms of investment. We expect total Patch costs will decrease year-over-year from 2011 to 2012 and again in 2013 as # we continue to improve the efficiency of Patch operations ous# • At the same time we are reducing costs, we expect to significantly increase Patch revenue and we have publicly committed to Patch reaching run-rate profitability by the fourth quarter of 2013 We believe Patch represents an enormous opportunity. However, we are rational investors and will " not continue our investment if Patch does not reach run-rate profitability by Q4 2013 33 AOL Inc." Shareholder Value" Strategy" CONTENT" ADVERTISING" LOCAL" AOL SERVICES & SEARCH" Execution" Governance We have made significant operational improvements in our subscription operations and search performance which have created significant shareholder value" Q4 2009 Today M# Subscriptions: Subscriptions: • Single dial-up product with 60+ price points • Bundled suite of services with 6 core price points • Subscription churn at 3.0% • Subscription churn at 1.8% • ARPU declining • ARPU stabilized • Subscription revenue declining 28% • 1,200 bps improvement in revenue trends since spin Search & Contextual: Search & Contextual: • Inferior Search product • Vastly better product following new Google deal • Search & contextual revenue declining 19% • 1,300 bps improvement in search & contextual revenue trends since spin "The high-margin search business continues to post better-than-expected results, including growing search revenue at AOL.com… Additionally, the slower churn in its Access business is truly remarkable given the structural challenges to that business." Ben Schachter Macquarie 5/10/2012 35 AOL Inc." Shareholder Value" Strategy" Execution" Governance We believe AOL's Board and management have a demonstrated track record of creating and unlocking shareholder value" " 2010 2011 Partial 2012 Profit • Reduction of ~2,300 employees and Sale of Dulles, VA real estate • $500 million cost savings relative to 2009 (excluding Patch) • Revenue stabilization / improvement in all revenue trends Actions / • Exited unprofitable distribution deal, • Ad sales grows again for the first time • Costs continue to decline in Q1 2012 significantly reducing TAC in three years Adjusted OIBDA – lowest decline in 4 Financial • Exited under-performing geographic • Significant cost reduction in 2H 2011 • years Results markets • $200+ million unprofitable Third Party Network revenue eliminated Acquisition of TechCrunch & 5min Project Devil launched Monetization significantly improved Strategic / • • New Branding & Identity • • Introduced premium service bundle for • • Improved consumer experience Operational • AOL Homepage & Mail relaunched subscription services • 6,000+ advertisers Begin Patch Rollout Restructured India Operations 25 power brands Actions • • New Google Search Deal • • Acquisition of HuffPo & Go Viral • • 1+ billion video impressions sold • Enhanced Third Party Network • Accelerated Patch Development • Meaningfully lowered search and product offering • 850+ Patches subscription churn • Product Improvement: Mail & Video • Enhanced Patch product offering • Content Partnership with Everyday • Third Party Network growing +20% Health, SportingNews and Move Sale of Bebo resulted in significant $250 million share repurchase Tax Efficient Monetization of Patent Divestitures/ • tax benefit • authorization announced • Portfolio (~$1.1 billion) Capital Return • Sale of buy.at, ICQ, DMS • Total Value of $1.7 billion unlocked to • Sold our stakes in Kayak and date Brightcove • $210 million in share repurchases at an approximate 50% discount to the stock's recent price 37 AOL is a stronger company today than in 2009 AOL Late 2009 AOL Today Revenue Q4 2009 Year-over-Year Results Q1 2012 Year-over-Year Results Total Revenue ex-subscription +3% growth in total revenue ex-subscription declined 8% Subscription revenue declined 28% 1,300 basis points improvement in subscription revenue M# Total Revenue declined 17% 1,300 basis points improvement in total revenue Annual Operating $2.2 Billion $1.7 Billion ($500 Million Savings) Expenses (Excluding TAC & Patch) Adjusted OIBDA Adjusted OIBDA margin eroding by ! Q1'12 Adjusted OIBDA decline of 5% is the lowest over 300 basis points a year decline in 4 years ! Raised 2012 FY Adjusted OIBDA guidance to $350 million (ex-patent and proxy contest costs) ! Committed to Patch run-rate profitability by Q4 2013 ! Committed to AOL growing Adjusted OIBDA in 2013 Capital Returned or To None as AOL had no cash on hand, ! $210 million in share buybacks pro forma for restructuring charges ! Committed to return 100% of patent proceeds Be Returned to received from the $1.056 billion patent transaction Shareholders ! $362 million of cash on hand as of Q1 2012 38 AOL reduced its expense base by $0.5 billion or 23%" "Intense, ongoing cost review process and accountability " throughout the organization Annual Operating Expense Reduction Headcount Reduction (excl. Patch) ∆ = $0 8,000 .5 billio n savin ∆ = 37 gs 7,000 % $2.5" $2.2bn! 6,000 6,700 Adj. OIBDA Expenses" $1.9bn! 2.0" $1.7bn! 5,000 1.5" 4,000 4,250 4,072 Patch 3,000 1.0" $1.6bn" $1.7bn" $1.7bn" 2,000 0.5" 1,000 0.0" 0 (1) 2009" 2010" 2011" 2012" 2009 2011 (2) Q1 2012 Key Actions ! Cost reductions have been a significant part of the AOL turnaround. We reduced costs by $0.5 billion in 2010. ! After completing acquisition integration in early 2011, we have reduced costs from Q2 2011 to Q1 2012 by a $140 million annual run-rate Note: $ in billions (1) 2012 run rate based on AOL's Q1 expense rate 39 (2) Huffington Post & goviral acquisitions Wall Street analyst perspectives support our progress "AOL is a turn-around story with a solid balance sheet, positive cash flow, a recognized brand, and a sizable user base… Clay Moran AOL's new management is streamlining operations, building its advertiser base, and focusing on domestic display, a Benchmark fragmented and growing segment of online advertising." 5/9/2012 Peter Stabler " "We believe AOL continues to make progress on designing a portfolio of products capable of reversing declining traffic Wells Fargo trends and increasing advertising sales." 5/10/2012 M# Ben Schachter "Giving credit where credit is due. Tim Armstrong and his team at AOL deserve a lot of credit for the 1Q results and the 2012 OIBDA guidance…" Macquarie "… The high-margin search business continues to post better-than-expected results, including growing search revenue at AOL.com. The ad network business is also outperforming, even as it improves margins. Additionally, the slower churn in its Access business is truly remarkable given the structural challenges to that business." 5/10/2012 "We argue that AOL is taking the right steps to turn the segment around by focusing on core brands with the best value proposition to advertisers, thereby improving monetization and yield on inventory." 5/10/2012 Tom Forte " Telsey "All told, we think there is a disconnect between what Patch can achieve and the Street's financial outlook which carries significant skepticism. Should Patch revenue scale as we forecast, we expect significant value to be unlocked in AOL shares." 3/26/2012 Laura Martin "On the local side, AOL, through its Patch product, is well positioned to monetize local merchants ad spending … We Needham think the upside here could be enormous." 5/9/2012 "Fundamental business trends continue to improve as AOL reported a third consecutive strong quarter, with 1Q12 Anthony DiClemente marking the fourth straight quarter of global ad revenue growth, while Access subscriber churn was the lowest in 7 Barclays years." 5/10/2012 40 AOL Inc." Shareholder Value" Strategy" Execution" Governance We believe AOL's Board has unique and relevant public company experience Tim Armstrong Fredric Reynolds • Chairman & CEO, AOL Inc. • Retired EVP and CFO, CBS Corporation • Director since December 2009 • Lead Independent Director • Director since December 2009 Internet Ventures Finance d# Alberto Ibargüen • President and CEO, John S. and James L. Knight Foundation Karen Dykstra • Former COO and CFO, Plainfield Direct Inc. • Former CFO, Automatic Data Processing, Inc. • Director since December 2009 • Director since January 2011 Media Susan Lyne James Stengel • Chair, Gilt Groupe, Inc. • President and CEO, The Jim Stengel Company, LLC Marketing • Director since December 2009 • Former Global Marketing Officer, The Procter & Gamble Company • Director since December 2009 Patricia Mitchell Richard Dalzell • President and CEO, The Paley Center for Media • Former SVP and Chief Information Officer, Technology Amazon.com, Inc. • Director since December 2009 • Director since December 2009 42 Represents directors targeted by Starboard AOL believes Starboard's nominees would decrease the Board's level of industry expertise, public company experience and diversity Alberto Ibargüen • Extensive experience in media, journalism, and Dennis Miller • No public company board experience at a President & CEO of financial matters gained through his current role Consultant to company with greater than $500 million in John S. & James L. and in various positions at Knight-Ridder, Inc. Lionsgate revenue Knight Foundation and on on the Audit Committees of PepsiCo, Inc. Entertainment and AMR Corp. • Significant public company board experience • Joined the AOL Board only 18 months ago d# Patricia Mitchell James Warner • Extensive experience in media, • No public company experience at a company President & CEO of telecommunications and broadcasting gained Principal of Third with greater than $100 million in revenue The Paley Center for from her current role as well as her former role as Floor Enterprises Media President and CEO of the Public Broadcasting Service. • Significant public company board experience • Joined the AOL Board in December 2009 James Stengel • Extensive experience in branding and marketing, Jeffrey Smith President & CEO, The • No significant public company operating having served as the Global Marketing Officer of Co-Founder & CEO experience Jim Stengel Procter & Gamble Company of Starboard Value • No significant internet or media experience Company, LLC • Significant public company board experience • Joined the AOL Board in December 2009 43 Alberto Ibargüen: Leading Media Industry and Local News Expert / Fortune 500 Company Board Member Dennis Miller • No public company board experience at a Consultant to company with greater than $500 million in Alberto Ibargüen President & CEO of John S. Lionsgate revenue & James L. Knight Foundation Entertainment • Expertise in local media and journalism d# • Extensive public company board experience • Former Publisher of The Miami Herald, one of the most profitable newspapers in the U.S. during his tenure during which time the publication James Warner • No public company experience at a company won three Pulitzer Prizes Principal of Third with greater than $100 million in revenue • Current Board member of PepsiCo Inc. Floor Enterprises • Current Board member of AMR Corp. (American Airlines) • Founding Chairman and current Board member of the World Wide Web Foundation • Current Board member of the Council on Foreign Relations • Former member of Advisory Committee of the Public Company Accounting Oversight Board • Former Board member of ProPublica • Former Chairman of the Board of Directors PBS Jeffrey Smith • No significant public company operating Co-Founder & CEO experience of Starboard Value • No significant internet or media experience 44 James Stengel: Leading Global Advertising Expert Dennis Miller • No public company board experience at a Consultant to company with greater than $500 million in James Stengel President and CEO, Lionsgate revenue The Jim Stengel Company, LLC Entertainment Named to Fortune magazine's "Executive Dream Team" • Extensive experience in branding and marketing d# • Significant public company board experience • Former Global Marketing Officer of Procter & Gamble Company James Warner • No public company experience at a company • Current Board member of Motorola Mobility Principal of Third with greater than $100 million in revenue Floor Enterprises • Former Board member of Motorola Inc. • Former Board member of the Ad Council • Former Chairman of the Association of National Advertisers • Former Chairman of American Advertising Federation Hall of Fame • Recognized as a "Power Player" by Advertising Age in 2003, 2004 and 2006 and 2007 • Recognized as Grand Marketer of the Year by Brandweek magazine Jeffrey Smith • No significant public company operating Co-Founder & CEO experience of Starboard Value • No significant internet or media experience 45 Patricia Mitchell: Industry Leader in Media & Content Dennis Miller • No public company board experience at a Patricia Mitchell Consultant to company with greater than $500 million in President & CEO of Lionsgate revenue The Paley Center for Media Entertainment Named "One of the most influential female executives in media" by Hollywood Reporter • Extensive expertise and experience in the entertainment industry, telecommunications and broadcasting or# • Extensive public company Board experience d# James Warner • No public company experience at a company • Former President and CEO of Public Broadcasting Service, Inc. Principal of Third with greater than $100 million in revenue • Former President Turner Original Productions Floor Enterprises • Former President, Time, Inc.- CNN Productions • Creator, Producer, Host, Woman to Woman The first nationally syndicated television show hosted and produced by a woman • Former Board member of Sun Microsystems, Inc. • Former Board member of Bank of America Corporation Inc. • Her work has garnered thirty-seven Emmy Awards, five Peabody Awards, and two Academy Award nominations. Jeffrey Smith • No significant public company operating • Winner of Women in Cable and Telecommunications Woman of the Year Co-Founder & CEO experience Award of Starboard Value • No significant internet or media experience 46 AOL is actively seeking new Board members, but believes " Starboard's slate will damage the Company • Negative impact on employee morale resulting in employee departures – We believe Starboard has already caused talent departures based on their attack of our core business and strategy d# • Negative impact on advertiser relationships with AOL – AOL has spent over two years rebuilding and improving relationships with advertisers who we believe are attracted to and invested in AOL's strategy. We believe a departure from that course could lead to advertisers spending less with AOL • Negative impact on the strength of AOL's current Board – The three AOL Board members targeted by Starboard are diverse in culture and experience which aligns perfectly with AOL's strategy. We believe Starboard's slate neither replaces that diversity and experience nor adds any unique skill or experience the Board does not already have • Negative impact on shareholders – We believe shareholders know well the impacts a dysfunctional Board can have on shareholder value. AOL believes its Board is highly functional and has been a driver of significant change 47 " AOL Inc Summary AOL's continued focus on maximizing shareholder value AOL Management and Board's Next Steps For Value Creation: • Return 100% of the patent transaction proceeds to shareholders • Grow Adjusted OIBDA in 2013 – This would be the first time AOL has grown Adjusted OIBDA in 6 years • Continue to aggressively manage expenses, while investing for the future • Bring Patch to run-rate profitability in the fourth quarter of 2013 • Create significant future earnings leverage through AOL stock buyback • Continue to maximize the value of its asset portfolio • Add two new highly qualified directors in the next 12 months • Organize by and report on operating segments by the end of 2012 49 Conclusion We believe: • AOL's stock is a top performing stock in our industry year-over-year and year-to-date • AOL's stock is up 166% since its low as a direct result of the actions taken by AOL's management and Board • AOL has made significant operational and financial progress since spinning off from Time Warner only two and a half years ago • AOL has a clear, concise, and publicly communicated growth strategy and is on track to meet our strategic goals • AOL's Board nominees are diverse and have significant operational, financial and public board experience in AOL's areas of strategic focus • The dissident slate does not have a long-term strategy or relevant industry experience • All of AOL's senior management and directors own stock in the company and AOL's Chairman and CEO is the single largest individual investor in the company 50 " AOL Inc Appendix Reconciliation of Non-GAAP Measures (1) (in millions) 2011 2012 Three months Three months ended Year ended ended Adjusted operating income before depreciation and amortization (OIBDA): (2) Mar 31 Jun 30 Sep 30 Dec 31 Dec 31 Mar 31 Operating income (loss) $(11.8) $(5.8) $8.6 $54.8 $45.8 $31.4 Add: Depreciation 44.4 42.4 38.3 35.8 160.9 36.1 Add: Amortization of intangible assets 24.2 26.7 22.6 18.5 92.0 9.8 Add: Restructuring costs 27.8 0.6 7.1 2.8 38.3 7.4 Add: Equity-based compensation 10.4 11.0 10.3 10.8 42.5 8.6 Add: Asset impairments and write-offs 1.5 2.7 0.9 2.5 7.6 0.9 Add: Losses/(gains) on disposal of consolidated businesses, net 1.6 - - - 1.6 - Add: Losses/(gains) on other asset sales 1.0 (1.0) (0.6) (0.6) (1.2) (0.4) Adjusted OIBDA $99.1 $76.6 $87.2 $124.6 $387.5 $93.8 Free Cash Flow: (3) Cash provided by continuing operations $4.0 $109.9 $82.5 $99.6 $296.0 $19.9 Less: Capital expenditures and product development costs 34.2 19.7 14.0 14.4 82.3 15.0 Less: Principal payments on capital leases 11.3 13.0 12.1 12.6 49.0 14.4 Free Cash Flow: $(41.5) $77.2 $56.4 $72.6 $164.7 $(9.5) (1) This schedule includes the financial measures Adjusted OIBDA and Free Cash Flow, which are non-GAAP financial measures. These measures may be different than similarly-titled non-GAAP financial measures used by other companies. The presentation of this financial information is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with generally accepted accounting principles (GAAP) (2) We define Adjusted OIBDA as operating income before depreciation and amortization excluding the impact of restructuring costs, noncash equity-based compensation, gains and losses on all disposals of assets (including those recorded in costs of revenues) and noncash asset impairments. We consider Adjusted OIBDA to be a useful metric for management and investors to evaluate and compare the performance of our business on a consistent basis across reporting periods, as it eliminates the effect of noncash items such as depreciation of tangible assets, amortization of intangible assets that were primarily recognized in business combinations and asset impairments and write-offs, as well as the effect of restructurings and gains and losses on asset sales, which we do not believe are indicative of our core operating performance. We exclude the impacts of equity-based compensation to allow us to be more closely aligned with the industry and analyst community. A limitation of this measure, however, is that it does not reflect the periodic costs of certain capitalized tangible and intangible assets used in generating revenues in our business or the current or future expected cash expenditures for restructuring costs. The Adjusted OIBDA measure also does not include equity-based compensation, which is and will remain a key element of our overall long- term compensation package. Moreover, the Adjusted OIBDA measures do not reflect gains and losses on asset sales or impairment charges related to goodwill, intangible assets and fixed assets which impact our operating performance. We evaluate the investments in such tangible and intangible assets through other financial measures, such as capital expenditure budgets, investment spending levels and return on capital. (3) We define Free Cash Flow as cash provided by continuing operations, less capital expenditures and product development costs and principal payments on capital leases. We consider Free Cash Flow to be a liquidity measure that provides useful information to management and investors about the amount of cash generated by the continuing business that, after capital expenditures and product development costs and principal payments on capital leases, can be used for strategic opportunities, including investing in our business, making strategic acquisitions, and strengthening the balance sheet. Analysis of Free Cash Flow also facilitates management's comparisons of our operating results to competitors' operating results. A limitation on the use of this metric is that Free Cash Flow 52 does not represent the total increase or decrease in cash for the period because it excludes certain non-operating cash flows and the results of discontinued operations.


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Toynbee, Jason
URL: | http://www.ecampus.com/book/0340762470 |
Google Scholar: | Look up in Google Scholar |
About the book: The study of popular music has reached an exciting and important moment in its development. Popular Music Studies introduces students to the most significant debates in the field, offering fresh perspectives and suggesting new directions. Genuinely interdisciplinary on scope, the book outlines the history and development of popular music studies while offering and unprecedentedly international perspective on popular music, featuring writers from North and South America, Europe, Japan, Australia, New Zealand, and South Africa. Combining insights from media and cultural studies, sociology, music analysis, ethnomusicology, and performance studies, the essays cover textual analysis, place and space, production, consumption, and everyday life.
Item Type: | Book Chapter |
Academic Unit/Department: | Social Sciences > Sociology |
Item ID: | 6920 |
Depositing User: | Jason Toynbee |
Date Deposited: | 27 Sep 2007 |
Last Modified: | 02 Dec 2010 19:57 |
URI: | http://oro.open.ac.uk/id/eprint/6920 |
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Arron Davies has put pen to paper on a new contract with League Two outfit Exeter City.
James Beattie, Wayne Burnett, Colin Cooper and Gary Rowett are the nominations for the League Two Manager of the Month.
Exeter midfielder Arron Davies believes his partnership down the left-hand side with Craig Woodman will continue to blossom.
Exeter midfielder Arron Davies believes Alan Gow, who netted a memorable strike on Tuesday, has a bit of magic about him.
Exeter have signed former Wales international Arron Davies on a two-year deal following his release from League Two rivals Northampton.
Northampton have cancelled the contract of midfielder Arron Davies, who was midway through a two-year deal after joining last summer.
New recruit Arron Davies was tempted to join Northampton because of manager Gary Johnson's winning attitude.
Northampton boss Gary Johnson has signed midfielder Arron Davies following his release by Peterborough United.
Manager Gary Johnson has revealed Northampton want to sign Peterborough's transfer-listed midfielder Arron Davies.
Peterborough winger Arron Davies is set to be out for up three weeks after picking up a hamstring injury.
Arron Davies has signed with Peterborough on a two-year deal after enjoying a successful trial.
Yeovil Town have re-signed Arron Davies on loan from Brighton until the end of the season.
Yeovil have re-signed winger Arron Davies following his departure from Nottingham Forest.
Nottm Forest have released four players from their contracts, including former Yeovil winger Arron Davies.
Nottingham Forest are prepared to let midfield duo Arron Davies and Matt Thornhill leave the club.
Brighton have taken keeper Peter Brezovan on trial and sent Arron Davies and Matt Thornhill back to Nottm Forest.
Nottingham Forest have agreed to send Arron Davies on loan to Brighton until the end of the year.
Arron Davies could be set to make his Nottingham Forest debut this weekend after playing 76 minutes of a reserve game.
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Bank Stocks Have Up to 25% Upside in 2012: Analyst (Update 1)
Bank stocks article updated with additional analyst commentary and stock market action.
NEW YORK ( TheStreet) -- Bank stocks are getting off to a great start in the new year and analysts at RBC Capital expect the party to continue through 2012, as the economy and fundamentals improve, dividends and buybacks increase and valuations remain attractive.
In a report on Tuesday, the analysts said that investors could see "meaningful upside" from current valuations, with bank stocks poised to rise 20% to 25% over the next 12 months.
Fifth Third Bancorp (FITB - Get Report), PNC Financial Services (PNC - Get Report) and Wells Fargo (WFC - Get Report) are among RBC's top picks for 2012 for their strong revenue generating potential, along with REIT Annaly Capital Management (NLY - Get Report).
"Bank stocks should reflect higher valuations as credit quality improvement, loan growth, and capital generation eventually lead to normalized earnings at some point in late 2013," the team led by Gerard Cassidy wrote in a note. "Assuming that interest rates remain low deep into 2013 and the industry's total loan growth averages 4-6%, return of capital strategies will surface as critically important in driving bank stock valuations higher, in our opinion." The analysts believe that banks in a new normal environment can deliver a return on assets of 1% and a return on equity of 10%, which should typically command a multiple of at least 140% to 150% of book value. Bank stocks currently trade at an average 100% of book value, the analysts note, offering considerable upside. While the European slowdown caused by the sovereign debt crisis will continue to be an overhang in the U.S., the analysts do not expect it to push U.S. into a recession. RBC forecasts earnings of the top 20 banks to rise 33% in 2012 versus an estimated 15% in 2011.Loan growth is expected to be in the range of 4% to 6% driven by commercial loan growth. RBC is not the only research house to get bullish on banks. Barclays Capital also released a report on Tuesday echoing many of RBC's views. Catalysts for bank stocks could be capital returns, a mortgage settlement, the potential lifting of the European short sale ban and the presidential elections. "Banks stocks tend to outperform in presidential election years; more so when a Democrat is replaced by a Republican one," a team of analysts led by Jason Goldberg wrote in a report. Barclays recommends investors take positions in larger banks rather than smaller ones given relative valuations, their lower exposure to net interest income, larger customer/cost base to spread increased regulatory costs. The analysts do not expect much by way of deal activity, which would be a potential catalyst for regional banks. The analysts prefer Citigroup (C - Get Report) and JPMorgan Chase (JPM - Get Report) over Bank of America (BAC - Get Report). Among the super regionals Capital One Financial (COF), PNC Financial, USBancorp (USB) and Wells Fargo stand out; and within regionals the analysts expect City National (CYN), Fulton Financial (FULT), M&T Bank (MTB), and TCF Financial (TCB) to outperform. Shares of Citigroup were climbing more than 7% on Tuesday, the first trading session of the year. Bank of America and JPMorgan shares were up by more than 4% each while Wells Fargo shares was climbing 3%. --Written by Shanthi Bharatwaj in New York>To contact the writer of this article, click here: Shanthi Bharatwaj.
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Delhi High Court dismisses PIL against Aamir Khan's 'PK', says it isn't offensive
January 7, 2015
New Delhi: The Delhi High Court Wednesday dismissed a PIL filed against Raj Kumar Hirani directed and Aamir Khan starrer film 'PK', saying "the film was not offensive". A division bench of Chief Justice G. Rohini and Justice R.S. Endlaw refused to entertain the plea which sought ban on the film...
'Bajirao Mastani' to 'Bombay Velvet': Watch out for epic costume dramas in 2015
January 4, 2015
Mumbai: From 'Bajirao Mastani' to 'Mohenjo Daro' -- it looks like 2015 will be an epic year for Bollywood. Several filmmakers have lined up big budget spectacles that go back in time. Here's looking at the big budget epics of 2015: 'Bajirao Mastani': Set in the 17th century, Sanjay Leela Bhansali's...
I want to work with Anurag Kashyap again and again: Vineet Singh
December 31, 2014
New Delhi: Actor Vineet Singh, best known as murabba man of 'Bombay Talkies', says he gets creative satisfaction when he works with director Anurag Kashyap. Vineet currently stars in Kashyap's latest release 'Ugly', which marks the third collaboration between the director-actor duo after 'Gangs of Wasseypur' and anthology film 'Bombay Talkies'. "Anurag...
Rajkumar Hirani, Anurag Kashyap, Vikas Bahl: The 6 master filmmakers of 2014
December 30, 2014
As the saying commonly goes, 'the Director is the captain of the ship'. And as the captain, the director has to steer the ship (in this case, the film) in the right direction so the audience understands and gets entertained by his vision. Many a times, a director makes or breaks...
Any film worth a debate is a good film: Boman Irani on 'PK' controversy
December 29, 2014
Mumbai: Reacting to the controversies surrounding Rajkumar Hirani's latest release 'PK', actor Boman Irani says people need to respect the viewpoint of the makers. "People may agree and may even disagree but then they have to respect it (the concept of 'PK') because we are also respecting their view," Boman, who...
'Ugly' review: Twists galore, Anurag Kashyap's latest keeps you hooked
December 27, 2014
Film: 'Ugly' Cast: Rahul Bhat, Ronit Roy, Tejaswini Kolhapure, Girish Kulkarni, Surveen Chawla Director: Anurag Kashyap Rating: 4/5 New Delhi: Right in the beginning of 'Ugly', there is a scene where Rahul Bhatt and Vineet Singh go to file a case of a missing child. The inspector on duty, played by a brilliant Marathi...
Anybody who is shown the mirror will always feel offended: Anurag Kashyap on viewers slamming 'PK'
December 27, 2014
Mumbai: Filmmaker Anurag Kashyap has hailed Aamir Khan-starrer 'PK' as a clever film by "bravest filmmaker" Rajkumar Hirani, who has handled an issue as sensitive as religion with a dash of humour. 'PK', which is doing well at the box office, has been getting mixed reactions from audiences for its content....
Watch: Anurag Kashyap talk about religion, politics and films
December 26, 2014
Indian film director Anurag Kashyap talks about his recently released film 'Ugly' and much about religion and politics. ...
Anurag Kashyap, please don't make films like 'Ugly' any more: A passive-aggressive letter from a heart-broken viewer
December 26, 2014
New Delhi: One of the first things we noticed while watching the film 'Ugly' was how real it looked. What the actors wore, how they spoke and how they reacted was only too relatable. It was slightly disturbing, even. We're aware that we sound like we enjoyed Anurag Kashyap's latest offering...
'Ugly' tweet review: It has a compelling story but makes you a tad bit uncomfortable
December 26, 2014
New Delhi: Anurag Kashyap always makes his viewers think. His latest- 'Ugly' is a gritty thriller narrating a story of upmanship of two men in search of their daughter. Featuring Ronit Roy, Tejaswini Kolhapure and Rahut Bhat, the story is of cat and mouse chase in search of a missing child....
'Bombay Velvet' went around before coming to Ranbir Kapoor: Anurag Kashyap
December 25, 2014
New Delhi: Director Anurag Kashyap approached actors like Aamir, Saif Ali Khan and Hrithik Roshan for his ambitious period drama 'Bombay Velvet' before it finally landed with Ranbir Kapoor. The director said he needed a big star to raise money for his big-budget film. Also, starring Anushka Sharma and Karan...
Surveen Chawla: I am certain that 'Ugly' will grow through word-of-mouth
December 25, 2014
Mumbai: Actress Surveen Chawla, who plays a C-grade item girl in 'Ugly', hopes the movie finds a strong audience through a positive word of mouth. Directed by Anurag Kashyap, 'Ugly' released on Friday -- a week after Aamir Khan-starrer 'PK' hit the screens - and set the cash registers ringing at...
Anurag Kashyap likes to confront dark emotions through his films
December 24, 2014
New Delhi: Anurag Kashyap's fascination for dark subjects is evident from his movies and the filmmaker says he tackles such emotions on screen because normally people don't like confront it in real life. Kashyap, 42, who has directed films like 'Black Friday', 'Dev D', 'Gangs of Wasseypur' feels the society today has...
Snapshot: Alia Bhatt posts a grumpy selfie with Sahid Kapoor on the last day of 'Shaandaar' shoot
December 24, 2014
The last day on the sets of 'Shaandaar' was not a cheerful one for the lead pair, Alia Bhatt and Shahid Kapoor. Alia Bhatt took to Instagram, posting a photo of her and Shahid with sad faces. It also stars Shahid's father and veteran actor Pankaj Kapur and Sanjay...
Aamir Khan's 'PK' crosses Rs 50 crore in two days
December 22, 2014
New Delhi: Aamir Khan-starrer 'PK' has minted over Rs.50 crore in two days in the domestic market, and trade experts expect it do "steady" business in coming days. Directed by Rajkumar Hirani and produced by Vidhu Vinod Chopra, the film released Friday. Girish Johar, who is aware of the economics of the...
Ankit Tiwari on singing 'Dil darbadar' for 'PK': Melody requires a lot of hard work
December 21, 2014
Vadodara: Noted playback singer Ankit Tiwari says melody is his strength and a lot of hard work is required to croon melodious numbers. "Melody is my strength and it requires a lot of hard work, proper training and guidance for singing such songs," the 27-year-old playback singer and music director told...
'Ugly': Ronit Roy says he felt 'like a little boy' that Anurag Kashyap had to guide on the sets
December 20, 2014
Mumbai: Happy and excited that his long-pending film 'Ugly' will hit the screens before 2014 ends, actor Ronit Roy says that while shooting the movie, he felt like a little boy who was being guided by director Anurag Kashyap. Ronit, who was last seen as Arjun Kapoor's autocratic dad in '2...
Karan johar will surprise you in 'Bombay Velvet': Anurag Basu
December 19, 2014
Mumbai: Karan Johar is making his acting debut in period drama 'Bombay Velvet' and the movie's director Anurag Kashyap feels that the fellow filmmaker will surprise the audience with his performance. Johar, 42, will play a negative role in the film, which stars Ranbir Kapoor and Anushka Sharma besides the 'Kuch...
Shah Rukh Khan is like an elder brother: Anurag Kashyap
December 17, 2014
Anurag Kashyap and Shah Rukh Khan are yet to collaborate on a film together but the director says the superstar is like a family to him. Anurag, 42, who did a guest appearance in Khan's Happy New Year, said they know each other from their early days. "With Shah Rukh Khan, I...
We won't have as many screens as 'PK': Anurag Kashyap on 'Ugly'
December 16, 2014
Mumbai: Anurag Kashyap, who lost the battle against an anti-tobacco disclaimer in all the scenes in his film 'Ugly', says he has not given up on the issue, but admits he had to compromise. Kashyap had challenged the rules under the Cigarettes and Tobacco Products Act, which makes it compulsory for...
Dad's films were more forward than Anurag Kashyap's: Pooja Bhatt
December 3, 2014
New Delhi: Many credit Anurag Kashyap for revolutionsing the current moviemaking culture, but actress-filmmaker Pooja Bhatt says her father Mahesh Bhatt's films were "way more forward" than the 'Gangs of Wasseypur' fame director is known for creating. "Some of the films are new, but most of them are old as hell...
It was wonderful working with Anurag Kashyap in 'Ugly', says music composer GV Prakash Kumar
November 29, 2014
Chennai: Southern composer G.V Prakash Kumar, who has worked with Anurag Kashyap in both parts of 'Gangs of Wasseypur', has made his Hindi singing debut with the filmmaker's upcoming psychological thriller 'Ugly'. Prakash, nephew of A.R Rahman, has also composed the music for the film. "It was wonderful working with Anurag in...
Anurag Kashyap: I have written some bad films
November 24, 2014
Panaji: Be it scripts or dialogues, Anurag Kashyap has written for many directors like Ram Gopal Varma and Vikramaditya Motwane. But the filmmaker is not particularly proud of some of his works created for fellow directors. "I've made good movies, but I've written some bad films. I won't take their names...
We are good friends, have creative understanding and a lot of respect for each other: Kalki Koechlin on Anurag Kashyap
November 8, 2014
Mumbai: Actress Kalki Koechlin says she is still good friends with estranged husband Anurag Kashyap. She is also hoping to work with the filmmaker "someday". "We still are very good friends. We still have something which nobody can take it away from us. We still have creative understanding and a lot...
Anurag Kashyap: Happy that festival films are doing well commercially
October 19, 2014
Mumbai: Filmmaker Anurag Kashyap Saturday said he is happy that the festival films are doing well commercially as well. "I think the myth that the festival films don't work commercially has changed. This myth is thing of the past now its good the audience has changed and the credit goes to...
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text: TOP 10 Top 10 Better Man Keep Up: Career Rules For The Modern Man Back to Top ▲ Keep Up: Career Rules For The Modern Man 9 Rule No. 9: Get Enough Sleep Share on Facebook Share on Twitter 0 Shares epSos.de/Flickr Pulling all-nighters and drinking three pots of coffee are great if you're bringing the NASA shuttle back from orbit, but for most people, you're better off getting a decent night's sleep. That's not an invitation to hibernate through winter so you can be productive in the spring, but never underestimate the rejuvenating powers of a solid night's sleep. Don't struggle to stay up and finish a project that might be better suited for the morning. Get your rest, set the alarm and above all, lay off the snooze. Next Page TOP 10 9 8 7 6 5 4 3 2 1 Comments Show Comments More Like This Promoted Around the Web Special Features


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Cream bonded leather 'Kubic' storage bench
Item No.3200130035
This 'Kubic' storage bench has a sturdy wooden frame and is finished in soft, cream bonded leather. The interior is fully lined to protect items and ensure it is a neat and practical storage solution.
This item is available for
UK Home Delivery Free (UK orders over £30) or £3.99
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- Dimensions (HWD): 74 x 44 x 43cm
- Seat HWD: 73 x 43 x 40cm
- Wooden frame with foam-filled cushioned, bonded leather outer layer
- Contrast stitching finish
- The interior is fully lined, making it suitable for storing a wide range of items
- The lid is supported by a robust metal arm
- Care instructions: Wipe with a slightly damp, clean cloth
- Warranty: 1 year
- Delivered to your door, no assembly required
- This item can be delivered to UK mainland addresses only (i.e. delivery not available to Isle of Man, ROI, NI, Channel Islands, & Scottish Isles)


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Blackburn Rovers Football Club
- Nickname:Rovers
- Founded:1875
- Manager:Gary Bowyer
- Ground:Ewood Park
- Capacity:31367
- Last Game: 04-Mar-2015 19:45
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Allardyce blasts ref Walton
05 Oct 2009 - 08:45:03
Blackburn Rovers manager Sam Allardyce has slammed referee Peter Walton for denying his side a penalty in their 6-2 drubbing by Arsenal at the Emirates Stadium.
With the Gunners 3-2 ahead, Allardyce was convinced that David Dunn had been felled in the area by Thomas Vermaelen, but Walton waived play on and Arsenal went on to record a convincing victory.
Afterwards, an angry Allardyce said: "I don't want to detract from Arsenal but it was a blatant penalty.
"There is no doubt in my mind that the position of the referee was excellent. He just didn't, unfortunately, give the decision in our favour.
"In the big pressure pot that is this league, you have got to get the major decisions right otherwise you don't stay in this league too long, not as a manager or a player, so as a referee you have got to be judged the same.
"They are fully professional now so if they are not good enough, we should find someone who is.
"That decision wasn't good enough for me and it had a major effect on the course of this game.
"At that particular stage you would see us getting a penalty, probably scoring it, them going down to ten men - because it is a red card for stopping a goal-scoring opportunity - and the balance swings in our favour."
Related Blackburn Rovers News
Related Blackburn Rovers News


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FULL RESOLUTION - 1195x896
News » Published months ago
Is this Floyd Mayweather the Sports Person?
Share your thoughts on this image?
28th August 2014 @ 12:41pm
Floyd Mayweather Jr. has been criticised for being illiterate but he could use this to help illiterate children
25th June 2014 @ 03:56pm
Who will boxing star Manny Pacquiao fight in his next boxing match?
OLDER NEWS Amir Khan acting like a petulant child
6th January 2012 @ 02:27pm
Towards the back end of 2011, British Light Welterweight star Amir Khan was involved in a controversial boxing match which saw him lose both his WBA and ...


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If you send a pager message that includes an invite to your current game, the [JOIN] link is not present on the website when you read the page. Considering this is just a link to the IP:Port of the server, it seems like something that could be easily included.
While you're at it, it would be nice if instead of just saying [JOIN] it said [JOIN world.name], or something that was actually informative as to what noob #37,000 is blindly inviting you to.


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Indonesia Resident Representative Site
Resident Representative Office in Indonesia
This web page presents information about the work of the IMF in Indonesia, including the activities of the IMF Resident Representative Office. Additional information can be found on the Indonesia and IMF country page, including IMF reports and Executive Board documents that deal with Indonesia.
At a Glance : Indonesia's Relations with the IMF
- Current IMF membership: 188 countries
- Indonesia joined the Fund in February 21, 1967; Article VIII
- At a Glance—Indonesia and the IMF
- Quota: SDR 2,079.30 million
- Outstanding Purchases and Loans: None
- Staff Report for the 2013 Article IV Consultation; December 15, 2013
News — Highlights
The Regional Economic Outlook and Indonesia
Global Economic Prospects and the Indonesian Economy
Global Economic Prospects and the Indonesian Economy
Indonesia's Economy: Strong with Room for Improvements
Asia Leading the Way
Asia is moving into a leadership role in the world economy
Indonesia and the IMF
IMF Survey : Oil Price Drop Highlights Need for Diversity in Gulf Economies
December 23, 2014
Countries of the Gulf Cooperation Council will have to adjust the incentives of workers and firms to encourage them to work and produce in the non-oil tradable sector if these economies are to succeed in diversifying their economies, a new IMF study says.
Press Release: IMF Statement at the End of the 2014 Article IV Mission to Indonesia
Transcript of the Asia and Pacific Department Press Briefing
Statement by the Hon. Muhamad Chatib Basri, Governor of the World Bank Group for Indonesia
October 10, 2014
PDF File Size: 180Kb
Transcript of a Press Briefing on the Asia Pacific Regional Outlook
Regional Economic Outlook: Asia and Pacific
Despite a weaker-than-expected first half of the year, the outlook for the Asia and Pacific region remains solid. The ongoing global recovery, while tepid, should support Asia's exports. Meanwhile, favorable financial and labor market conditions, as well as broadly accommodative policies, will continue to underpin domestic demand. GDP is forecast to grow by 5.5 percent for the third consecutive year in 2014, rising slightly to 5.6 percent in 2015. Financial dislocations associated with higher global interest rates, and protracted weak growth in advanced and emerging market economies are the main downside risks to the outlook. A sharper-than-anticipated downturn in China's real estate sector and less-effective-than-envisaged Abenomics in Japan would also adversely affect regional growth prospects. Geopolitical tensions could also disrupt trade and financial flows, with adverse effects on growth. Policymakers in the region should capitalize on the outlook to gradually rebuild policy space and push ahead with structural reforms to deliver sustainable growth. While there is no one-size-fits-all approach, fiscal consolidation should generally continue in a calibrated manner, especially where debt levels are higher, and monetary normalization should proceed particularly where inflation pressures are high or building up.


text: Actress Kristen Bell shared the exciting (and emotional!) story of how her boyfriend Dax introduced her to a sloth for her birthday.To Bell is obsessed with sloths is an understatement. She says she's been in love with them her whole life! Maybe she needs to meet Lucy Cooke, the documentary filmmaker who traveled to Costa Rica to visit the world's only sloth orphanage. Cooke's film, "Slothville", appeared on the Animal Planet channel last year. If Bell had a panic attack over meeting one … [Read more...]


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Licensed NFL FabricMaterial: 100% PolyesterWidth: 58/60"Horizontal Repeat: 29"Vertical Repeat: 25"Finish: Anti-Pill
Machine wash warm normal cycle, non-chlorine bleach when necessary, tumble dry mediumYoull feel as free spirited as a wild stallion when you put this Denver Broncos Fleece to work in your next project! The possibilities are endless with fleece. Its very warm, soft, and fuzzy. These qualities combined yield something akin to super powers, drawing people of all types to the beloved fabric. The navy blue backdrop of this fleece really helps accentuate the white and orange Broncos logo and name. The fun pattern is great for any game room, fan attire, or kids décor. Crafts are also quick and easy with fleece, no matter what youve got in mind. It doesnt need hemming or large, bulky seams because fleece doesnt ravel or fray when cut. It wont shrink, and it cleans up well. Its popular for blankets, fun window drapes, pullovers, hats, scarves, mittens, and more!
The maximum continuous length for this product is approximately 10 yards, when ordering more than 10 yards please note it may come in more than one piece.
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Laser Pegs National Geographic Space 24 Models in 1 Set
Why build one spaceship, when you can build 24? Laser Pegs® National Geographic Space set packs 24 building block projects into one box, for hours of light-up brick play. The Space set is one of five Laser Pegs® sets developed with National Geographic themed kits to foster interest in children in the sciences.
Voyage to a distant galaxy or colonize a new world with this awesome 24 in 1 National Geographic Space kit from Laser Pegs! You are the astronaut as you build out of this world models like the Mars Voyager, Hover Vehicle, Alien Stunt Fighter, Star Cruiser, and many more. When space gets too dark light up your creations to keep exploring to the edge of the universe and beyond!
Laser Pegs National Geographic Space Includes:
- 36 Laser Pegs®
- 125 construction parts
- 1 Triangle Power Base
- 1 Instruction Manual
National Geographic Space is 100% Compatible with Other Major Construction Kits and Requires 3 AA Batteries, Not Included
Little Scientists: National Geographic kits from Laser Pegs
The National Geographic sets from Laser Pegs show a few famous historical items in a new light. Kids can now build their own spaceships, dinosaurs and pyramids using the specialized light-up pegs. The prices for each kit range from $24.99 to $79.99, and they will be in stores starting in August this year.
Finalists also included Oregon Scientific's SmartGlobe Star — an interactive constellation globe for kids to learn about the stars — and Uncle Milton's Star Wars Mini-Kits that can help kids learn the properties of snow, lava and slime.
Why kids love National Geographic Space: Laser Pegs, like LEGO sets, offers kids a chance for creative expression while also emphasizing building acumen. Ensuring smooth connections between light-up Laser Pegs, in particular, shows how to complete circuits from power to light brick. And let's be honest, turning out the lights to see your creation shine is just plain cool!
Building Instructions
Download All Manuals, (zipped) – 23.2 Mb
2 Stage Rocket pdf – 7.2 mb
Alien Stunt Fighter pdf – 1.2 mb
Astronaut pdf – 4.6 mb
Flag on Moon pdf – .9 mb
Giant Robot, 1.6 mb
Helper Bot, .9 mb
Hover Vehicle, 1.3 mb
Mars Transport Vehicle, .9 mb
Mars Voyager, 1.3 mb
Mini Robot, .9 mb
Mini Space Shuttle, 1 mb
Moon Rover, 9.5 mb
Moon Speedster, 5.2 mb
Other Worldly Walker, 6.8 mb
Rocket, 3.1 mb
Shuttle and Gantry, 4 mb
Space Capsule, 2.5 mb
Space Marine Troop Lander, 2.9 mb
Space Shuttle and Satellite, 3.1 mb
Space Telescope, 3.8 mb
Starship, 3.5 mb
Transport Shuttle, 2.4 mb
Space Shuttle Carrier, 1.9 mb
Star Cruiser, 5 mb
National Geographic: Science and Space Facts, Science …
http://science.nationalgeographic.com natgeo website nat-geo nat geo
National Geographic Science and Space Home Page.


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ABC News' Kirit Radia Reports: Rapper John Forte isn't the only one getting a White House pardon this week. President Bush officially pardoned the 2008 White House turkeys in a Rose Garden ceremony Wednesday morning. The President also announced the results of this year's naming contest: Pumpkin and Pecan.
"Pumpkin and Pecan are hereby granted a full and unconditional — unconditional presidential pardon," Bush said.
Pumpkin stood patiently to the side and then calmly sat on a table as the President and a flock of schoolchildren came by to pardon him. (Lucky for him, Sarah Palin was nowhere in sight).
Pecan, the President said, was waiting in an "undisclosed location." Why? "In the unlikely event the main event chickens out," the president deadpanned.
Both turkeys were pardoned, free to live out a long life without fear of roasting pans and basters. But first, they'll have work one more day.
After spending last night in the luxury Willard Hotel in Washington, D.C., the turkeys will fly first class to Disneyland in California late Wednesday aboard a flight the president dubbed "Turkey One." On Thursday, the birds will be the Grand Marshalls at the park's Thanksgiving Day Parade.
"I just hope they stay humble there," Bush said.
John McClintock of Disneyland Resort Public Relations confirmed that Disney paid all costs for first class air fare and the turkeys' hotel room was paid for by National Turkey Federation. Disney is the parent company of ABC News.
The turkeys' journey to the White House began, where else, in Iowa, where they were raised under the direction of National Turkey Federation Chairman Paul Hill. Hill and his family were on hand at the White House Wednesday and will escort the birds to California tonight.
The White House Deputy Spokesman declined to answer a question about the president's decision to pardon the turkeys, telling reporters,: "On instruction from White House Counsel I have to refer all turkey pardoning questions to the Office of the Pardon Attorney."
The President said he has a lot to be thankful for this year, including the health of his mother who was rushed to the hospital last night.
"This is my final Thanksgiving as the President. Over the past eight years, I have been given may reasons to be thankful. I'm thankful for our men and women in uniform and I am incredibly proud to have been their Commander-in-Chief.
"I am thankful for the armies of compassion volunteers who feed the hungry and shelter the poor. I am thankful for the teachers and nurses and pastors police officers and firefighters, and others who serve their neighbors and better their communities.
"I'm thankful for the wonderful and supporting family that I have been blessed with. I'm grateful to Laura for her love. I'm grateful for two Thanksgiving miracles who were blessed — who we were blessed with 27 years ago: Barbara and Jenna. I'm thankful for the fact that my mother is doing well. And this year we're looking forward to having another place at our Thanksgiving table with a son-in-law, and I'm thankful for Henry."


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Jan 17, 2012, 08:18 AM | |
Bonita Springs,Fl.
Joined Sep 2007
8,768 Posts
One thing with this model is that the scale rudders are pretty small. I made mine bigger for better steering control and with bigger (longer) rudders you can increase the angle of the shafts and still keep the prop higher than the bottom of the rudder.
One thread you need to look at is Classic Boater's build on his 63' MY. It's very detailed and he tells you how and why he built the model the way he did. It's a beautiful example of what can be done with this boat and it runs great in the water. May answer a ton of your questions. Also for pictures of finished 63''s check out the thread for "Sterling 63' MY owners". Lots of info there too. Your name will be added to this list too if you actually build the model. Pete http://www.rcgroups.com/forums/showthread.php?t=1070708 http://www.rcgroups.com/forums/showt...ling+63+owners |
Jan 17, 2012, 01:26 PM | |
My heavy old Sterling 63' MY planes easily with single old "Leisure 20" brushed motor, 8 nicad cells and brass 2 blade prop. Running half out of water doesn't look very "scale" though. Two screws probably aids in docking maneuvers. Enlarged rudders probably aid in steering in reverse.
Jan 21, 2012, 12:26 PM | |
United States, PA, Quakertown
Joined Jan 2012
1,591 Posts
Stirling chris craft 63'
After looking at the side view,location of scale prop/shaft,it is apparant that adding the third screw in the center,the keel interferes w/prop.(if located on the same line). Have you any info. or insight on location of center unit?
Feb 15, 2012, 09:38 PM | ||
Metairie, La. USA
Joined May 2010
120 Posts
I have not idea as to your angle question since I have not purchased the plans, but seems to me we sometimes forget we are using models on real water vs real boats on real water and compensation must be made. |
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Varun Aaron is back training for a fresh season at the MRF Pace Foundation. The 23-year-old India paceman is attempting to make a comeback from a worrying back injury. Aaron, who was present during the practice session at the Pace Foundation here on Monday, said to The Hindu, "I plan to play active cricket from September. I think I will make a complete recovery from the injury."
The 23-year-old paceman was operated on lumbar vertebrae (L5) in London in February. To reduce the chance of another fitness concern, the Jharkhand fast bowler said, "I want to switch from a front-on action to a semi-open release that will put less strain on my back."
Aaron has played a lone Test and four ODIs for India. He caught the eye for the speed he could generate.
Keywords: Varun Aaron, MRF Pace Foundation