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Press release from PR Newswire
Scotiabank reports strong first quarter earnings of $1.4 billion and increased its quarterly dividend by 3 cents per share
Tuesday, March 06, 2012
Scotiabank reports strong first quarter earnings of $1.4 billion and increased its quarterly dividend by 3 cents per share07:30 EST Tuesday, March 06, 2012 All amounts are in Canadian dollars and are based on our unaudited Interim Condensed Consolidated Financial Statements for the quarter ended January 31, 2012 and related notes prepared in accordance with International Financial Reporting Standards (IFRS), unless otherwise noted. Our First Quarter 2012 Report to Shareholders and Supplementary Financial Information are available on the Investor Relations page of www.scotiabank.com. Additional information relating to the Bank, including the Bank's Annual Information Form, can be found on the SEDAR website at www.sedar.com and on the EDGAR section of the SEC's website at www.sec.gov. The Bank transitioned from Canadian GAAP to IFRS effective for interim and annual periods beginning the first quarter of fiscal 2012. The interim Consolidated Financial Statements for the period ended January 31, 2012 reflect the Bank's first set of financial statements prepared under IFRS. Comparative periods in 2011 were also restated to reflect IFRS changes. First quarter financial measures compared to the same period a year ago: Earnings per share (diluted) of $1.20 compared to $1.08 Net income of $1,436 million, versus $1,249 million Return on equity of 19.8%, compared to 20.9% Productivity ratio of 53.5%, versus 53.3% Quarterly dividend of 55 cents per common share TORONTO, March 6, 2012 /PRNewswire/ - Scotiabank reported first quarter net income of $1,436 million compared with net income of $1,249 million in the same period last year. Year over year, net income grew 15%. Diluted earnings per share were $1.20, compared to $1.08 in the same period a year ago, an increase of 11%. Return on equity remained strong at 19.8%. This quarter benefitted from a gain on the sale of a real estate asset in Western Canada which amounted to 8 cents per share. A dividend of 55 cents per common share was announced, an increase of 3 cents. "Consistent execution of our strategy and focus on our core businesses has led to a strong quarter," said Rick Waugh, Scotiabank President and CEO. "While we continue to watch global economic conditions closely, diversification across our business and focus on high growth international economies have continued to contribute to our results. "Canadian Banking had an excellent quarter, reporting net income of $475 million, with higher volumes and increased transaction-based revenues. Revenue growth reflects our ongoing strategy to grow our payments, wealth management and card businesses. Each of retail, commercial and small business have performed well. "With net income of $391 million, International Banking had a very good quarter. Continued emphasis on increasing assets and deposits resulted in strong volume growth in Latin America and Asia. Earnings reflected the benefit of diversification across international operations and stable credit conditions, despite lower contributions from Thanachart Bank given the recent flooding in Thailand. "Strong performance in our global insurance and wealth businesses enabled Global Wealth Management to achieve net income for the quarter of $288 million. Increasing cross-sell of insurance, combined with new products and enhancements to existing products are driving strong results in our business globally. "Global Banking and Markets (formerly Scotia Capital) reported strong net income of $311 million this quarter. Our diversified trading platform produced solid results for the quarter, including record revenues from ScotiaMocatta. These gains were partially offset by the continued competitive environment and margin pressures in other businesses. "Across the Bank, we continue to manage our expenses very prudently. Our productivity ratio is in line with that of the same period last year and well within our target range. "Our capital position remains strong. In February, we successfully raised capital to fund recently closed and previously announced acquisitions. We remain confident that we will achieve the minimum Canadian regulatory expectations for Basel III by the first quarter of 2013, which is well in advance of the international Basel III requirements. "As these results show, effective execution of our five-point strategy continues to deliver sustainable profitability. Based on our strong first quarter results, we are well-positioned to achieve our goals for 2012." Year-To-Date Performance Versus Key 2012 Financial and Operational Objectives: TARGETS 1. Earn a return on equity (ROE) (1) of 15 to 18%. For the three months Scotiabank earned an ROE of 19.8%. 2. Generate growth in earnings per common share (diluted) of 5 to 10% (2). Our year-over-year growth in earnings per share was 11.1%. 3. Maintain a productivity ratio(1) of less than 58%. Scotiabank's ratio was 53.5% for the three months. 4. Maintain strong capital ratios. At 11.4%, Scotiabank's Tier 1 capital ratio remains strong by both Canadian and international standards. (1) Refer below for a discussion of non-IFRS measures. (2) Excluding $286 million of acquisition-related gains reported in the second quarter of 2011. FINANCIAL HIGHLIGHTS(1) As at and for the three months ended (Unaudited) January 31 2012 October 31 2011 July 31 2011 April 30 2011 January 31 2011 Operating results ($ millions) Net interest income 2,375 2,329 2,296 2,136 2,253 Net interest income (TEB(2)) 2,380 2,334 2,302 2,141 2,258 Net fee and commission revenues 1,500 1,489 1,467 1,527 1,244 Other operating income 772 430 561 983 694 Other operating income (TEB(2)) 835 499 628 1,047 760 Total revenue 4,647 4,248 4,324 4,646 4,191 Total revenue (TEB(2)) 4,715 4,322 4,397 4,715 4,262 Provision for credit losses 265 281 250 270 275 Operating expenses 2,507 2,489 2,348 2,395 2,249 Provision for income taxes 413 298 397 353 375 Provision for income taxes (TEB(2)) 481 372 470 422 446 Net income 1,436 1,157 1,303 1,621 1,249 Net income attributable to common shareholders 1,343 1,071 1,209 1,528 1,157 Operating performance Basic earnings per share ($) 1.23 0.99 1.12 1.42 1.11 Diluted earnings per share(3) ($) 1.20 0.97 1.10 1.39 1.08 Diluted cash earnings per share(2)(3) ($) 1.23 1.00 1.12 1.41 1.10 Return on equity(2) (%) 19.8 16.4 19.1 25.7 20.9 Productivity ratio (%) (TEB(2)) 53.5 57.9 53.7 50.9 53.3 Core banking margin(4) (%) (TEB(2)) 2.03 2.07 2.09 2.09 2.21 Financial position information ($ millions) Cash and deposits with banks 52,891 45,222 48,706 63,352 44,634 Trading assets 88,086 75,799 87,070 88,618 80,528 Loans to customers 341,226 327,573 318,118 311,577 310,225 Total assets 637,055 594,423 587,597 590,695 559,415 Deposits 451,609 421,335 415,172 419,501 398,752 Common equity 28,112 26,356 25,605 24,641 22,285 Preferred shares 4,384 4,384 4,384 4,384 3,975 Assets under administration(5) 310,789 297,668 302,545 305,740 236,268 Assets under managements(5) 106,004 102,733 104,572 105,944 55,814 Capital measures(6) Tier 1 capital ratio (%) 11.4 12.2 12.3 12.0 11.8 Total capital ratio (%) 13.2 13.9 14.1 13.9 13.7 Tangible common equity to risk-weighted assets(2) (%) 8.5 9.6 9.6 9.3 9.9 Assets-to-capital multiple 17.7 16.6 17.0 17.6 17.6 Risk-weighted assets ($ millions) 253,075 233,970 224,773 222,304 215,332 Credit quality Net impaired loans ($ millions) 1,914 2,084 2,138 2,248 2,294 Allowance for credit losses ($ millions) 2,750 2,689 2,677 2,639 2,646 Net impaired loans as a % of loans and acceptances 0.55 0.62 0.66 0.70 0.72 Provisions for credit losses as a % of average loans and acceptances (annualized) 0.32 0.34 0.32 0.36 0.36 Common share information Share price ($) High 56.95 54.96 59.73 61.28 57.72 Low 47.54 49.00 53.77 56.25 52.11 Close 51.53 52.53 54.18 57.69 56.46 Shares outstanding (millions) Average - Basic 1,091 1,086 1,082 1,078 1,044 Average - Diluted 1,125 1,118 1,115 1,113 1,081 End of period 1,103 1,089 1,085 1,082 1,047 Dividends per share ($) 0.52 0.52 0.52 0.52 0.49 Dividend yield(7) (%) 4.0 4.0 3.7 3.5 3.6 Market capitalization ($ millions) 56,840 57,204 58,799 62,434 59,090 Book value per common share ($) 25.49 24.20 23.59 22.78 21.29 Market value to book value multiple 2.0 2.2 2.3 2.5 2.7 Price to earnings multiple (trailing 4 quarters) 10.8 11.3 11.7 12.8 13.8 Other information Employees 77,302 75,362 74,902 73,558 71,653 Branches and offices 3,116 2,926 2,910 2,853 2,794 (1) All comparative amounts except capital measures reflect the adoption of lFRS and should be read in conjuction with our press release of January 24, 2012. (2) Refer below for a discussion of non-IFRS measures. (3) Diluted earnings per share and diluted cash earnings per share under IFRS, previously reported on January 24, 2012 have been adjusted to correct for the dilution calculation of certain capital instruments and tandem stock appreciation rights. (4) The comparative numbers have been restated to conform to the current period calculations. (5) Comparative amounts have been restated to reflect intercompany relationships. (6) Prior period capital measures have not been restated for IFRS as they represent the actual amounts in that period for regulatory purposes. (7) Based on the average of the high and low common share price for the period. Forward-looking statements Our public communications often include oral or written forward-looking statements. Statements of this type are included in this document, and may be included in other filings with Canadian securities regulators or the United States Securities and Exchange Commission, or in other communications. All such statements are made pursuant to the "safe harbour" provisions of the United States Private Securities Litigation Reform Act of 1995 and any applicable Canadian securities legislation. Forward-looking statements may include comments with respect to the Bank's objectives, strategies to achieve those objectives, expected financial results (including those in the area of risk management), and the outlook for the Bank's businesses and for the Canadian, United States and global economies. Such statements are typically identified by words or phrases such as "believe", "expect", "anticipate", "intent", "estimate", "plan", "may increase", "may fluctuate", and similar expressions of future or conditional verbs, such as "will", "should", "would" and "could". By their very nature, forward-looking statements involve numerous assumptions, inherent risks and uncertainties, both general and specific, and the risk that predictions and other forward-looking statements will not prove to be accurate. Do not unduly rely on forward-looking statements, as a number of important factors, many of which are beyond our control, could cause actual results to differ materially from the estimates and intentions expressed in such forward-looking statements. These factors include, but are not limited to: the economic and financial conditions in Canada and globally; fluctuations in interest rates and currency values; liquidity; significant market volatility and interruptions; the failure of third parties to comply with their obligations to us and our affiliates; the effect of changes in monetary policy; legislative and regulatory developments in Canada and elsewhere, including changes in tax laws; the effect of changes to our credit ratings; amendments to, and interpretations of, risk-based capital guidelines and reporting instructions and liquidity regulatory guidance; operational and reputational risks; the risk that the Bank's risk management models may not take into account all relevant factors; the accuracy and completeness of information the Bank receives on customers and counterparties; the timely development and introduction of new products and services in receptive markets; the Bank's ability to expand existing distribution channels and to develop and realize revenues from new distribution channels; the Bank's ability to complete and integrate acquisitions and its other growth strategies; changes in accounting policies and methods the Bank uses to report its financial condition and the results of its operations, including uncertainties associated with critical accounting assumptions and estimates; the effect of applying future accounting changes; global capital markets activity; the Bank's ability to attract and retain key executives; reliance on third parties to provide components of the Bank's business infrastructure; unexpected changes in consumer spending and saving habits; technological developments; fraud by internal or external parties, including the use of new technologies in unprecedented ways to defraud the Bank or its customers; consolidation in the Canadian financial services sector; competition, both from new entrants and established competitors; judicial and regulatory proceedings; acts of God, such as earthquakes and hurricanes; the possible impact of international conflicts and other developments, including terrorist acts and war on terrorism; the effects of disease or illness on local, national or international economies; disruptions to public infrastructure, including transportation, communication, power and water; and the Bank's anticipation of and success in managing the risks implied by the foregoing. A substantial amount of the Bank's business involves making loans or otherwise committing resources to specific companies, industries or countries. Unforeseen events affecting such borrowers, industries or countries could have a material adverse effect on the Bank's financial results, businesses, financial condition or liquidity. These and other factors may cause the Bank's actual performance to differ materially from that contemplated by forward-looking statements. For more information, see the discussion starting on page 63 of the Bank's 2011 Annual Report. The preceding list of important factors is not exhaustive. When relying on forward-looking statements to make decisions with respect to the Bank and its securities, investors and others should carefully consider the preceding factors, other uncertainties and potential events. The Bank does not undertake to update any forward-looking statements, whether written or oral, that may be made from time to time by or on its behalf. The "Outlook" sections in this document are based on the Bank's views and the actual outcome is uncertain. Readers should consider the above-noted factors when reviewing these sections. Additional information relating to the Bank, including the Bank's Annual Information Form, can be located on the SEDAR website at www.sedar.com and on the EDGAR section of the SEC's website at www.sec.gov. Non-IFRS Measures The Bank uses a number of financial measures to assess its performance. Some of these measures are not calculated in accordance with International Financial Reporting Standards (IFRS), are not defined by IFRS and do not have standardized meanings that would ensure consistency and comparability between companies using these measures. These non-IFRS measures are used throughout this report and defined below. Assets under administration (AUA) AUA are assets administered by the Bank which are beneficially owned by clients and therefore not reported on the Bank's statement of financial position. Services provided for AUA are of an administrative nature, such as trusteeship, custodial, safekeeping, income collection and distribution; securities trade settlements, customer reporting, and other similar services. Assets under management (AUM) AUM are assets managed by the Bank on a discretionary basis and in respect of which the Bank earns investment management fees. AUM are beneficially owned by clients and are therefore not reported on the Bank's consolidated statement of financial position. Some AUM are also administered assets and are therefore included in assets under administration, under these circumstances. Diluted cash earnings per share The diluted cash earnings per share is calculated by adjusting the diluted earnings per share to add back the non-cash after tax amortization of intangible assets. Economic equity and return on economic equity For internal reporting purposes, the Bank attributes capital to its business segments based on their risk profile and uses a methodology that considers credit, market, operational and other risks inherent in each business segment. The amount of risk capital attributed is commonly referred to as economic equity. Return on economic equity for the business segments is calculated as a ratio of Adjusted Net Income of the business segment and the economic equity attributed. Adjusted Net Income is net income attributable to common shareholders adjusted for the incremental cost of non-common equity capital instruments. Core banking margin (TEB) This ratio represents net interest income (on a taxable equivalent basis) on average total assets excluding total average assets relating to the Global Capital Markets business within Global Banking and Markets. This is consistent with the classification of net interest from trading operations in revenues from trading operations recorded in other operating income. Operating leverage (TEB) The Bank defines operating leverage as the rate of growth in total revenue (on a taxable equivalent basis) and impairment losses on investment securities, less the rate of growth in operating expenses. Productivity ratio (TEB) Management uses the productivity ratio as a measure of the Bank's efficiency. This ratio represents operating expenses as a percentage of total revenue (TEB). Total revenue (on a taxable equivalent basis) is adjusted to include impairment losses on investment securities. Return on equity Return on equity is a profitability measure that presents the net income attributable to common shareholders as a percentage of common shareholders' equity. The Bank calculates its return on equity using average common shareholders' equity. Tangible common equity to risk-weighted assets Tangible common equity to risk-weighted assets is an important financial measure for rating agencies and the investing community. Tangible common equity is total common equity plus non-controlling interests in subsidiaries, less goodwill and unamortized intangible assets (net of taxes). Tangible common equity is presented as a percentage of risk-weighted assets. Regulatory capital ratios, such as Tier 1 and Total Capital ratios, have standardized meanings as defined by the Office of the Superintendent of Financial Institutions Canada (OSFI). Notable Business Highlights Growing our business In January 2012, Scotiabank closed the acquisition of a 51% investment in Banco Colpatria, Colombia's 5th largest bank. In Canada, Scotiabank's 'You're Richer Than You Think' campaign evolved with the launch of the "Richness Is?" program. This launch was anchored with the promotion of a "5-Year Plan" where individualized plans include tailored advice from a Scotia advisor, a practical, easy-to-follow plan, and realistic milestones to measure progress. Recognized for success Global Finance Magazine has named Scotiabank Best Trade Finance Bank in Canada for 2012, the sixth time in seven years. Global Finance also named Scotiabank as the Best Foreign Exchange Bank in Canada, Jamaica and Peru. At the 2011 Canadian Investment Awards, Dynamic Funds was recognized as Analysts' Choice Fund Company of the Year and Scotia iTRADE's new Commission-Free ETF program was recognized with the "Best ETF Initiative". Scotiabank was ranked fourth (with the third highest score) out of 253 corporations in the Globe and Mail's tenth annual Report on Business "Board Games" report. The rankings publish a score based on board composition, shareholding and compensation, disclosure rules and shareholder rights. Serving our customers The Scotiabank StartRight Program for newcomers to Canada has been expanded to include Mexico. Similar to those living in China and India, individuals immigrating to Canada from Mexico can now open their account in Canada and transfer funds before leaving their home country. In Canada, we launched twelve Dynamic Funds and Scotia Asset Management products through third party retail financial advisors, ScotiaMcLeod and high net worth private client channels. Internationally we launched four more funds. ScotiaLife Financial launched a new ScotiaLife Travel Insurance Program in Canada, offering customers a variety of options that allow them to select the coverage that best fits their travel needs. Outside of Canada we expanded our insurance sales force. Scotiabank.com and Scotia OnLine were redesigned to make it easier to navigate the wide range of online options with improved access to Scotiabank's products and services. A customer-centric landing page was introduced as the initial access point to the broad scope of Scotiabank's operations. Scotiabank acted as exclusive financial advisor to Pembina Pipeline Corporation on its acquisition of Provident Energy Ltd., a transaction valued at approximately $3.8 billion. The combined entity will be the third largest energy transportation and service provider in Canada with an enterprise value of approximately $10 billion. Scotiabank served as Joint Bookrunner on a US$500 million bond issuance for Chilean-based Celulosa Arauco y Constitucion S.A., a producer of forestry and wood products with the second largest installed pulp capacity in the world. A sampling of the Scotiabank's Bright Future program in action Scotiabank Bahamas provided support to The Bahamas AIDS Foundation in hosting the 2011 Red Ribbon Ball. The Ball is the Foundation's single largest fundraising initiative, now in its eighteenth year. More than 200 Scotiabankers delivered over 1,000 Christmas gifts visiting children's orphanages all over Chile. Scotiabank is providing a five-year commitment to the YMCA of Fredericton's Strong Kids Program to assist the organization in supporting the needs of youth-at-risk. Group Financial Performance and Financial Condition Financial results Scotiabank's net income for the first quarter was $1,436 million, compared with $1,249 million for the same period last year and $1,157 million last quarter. Diluted earnings per share were $1.20 (including a gain on sale of a real estate asset in Western Canada of 8 cents per share), compared to $1.08 in the same period a year ago and $0.97 last quarter. Return on equity remained strong at 19.8%, compared to 20.9% last year and 16.4% last quarter. Impact of foreign currency translation The table below reflects the impact of foreign currency translation on the year-over-year and quarter-over-quarter change in key income statement items. The impact of foreign currency translation was not significant quarter over quarter or year over year. ($ millions except per share amounts) For the three months ended Jan 31, 2012 vs. Jan 31, 2011 Jan 31, 2012 vs. Oct. 31, 2011 U.S./Canadian dollar exchange rate (average) January 31, 2012 $ 1.021 $ 1.021 October 31, 2011 $ 1.001 January 31, 2011 $ 1.005 % change 2% 2% Impact on income: Net interest income $ (5) $ 8 Net fee and commission revenues (4) 3 Other operating income (9) (4) Operating expenses 11 (2) Other items (net of tax) 2 (2) Net income $ (5) $ 3 Earnings per share (diluted) $ - $ - Impact by business line: Canadian Banking 1 1 International Banking (7) 4 Global Wealth Management - 1 Global Banking and Markets (3) (7) Other 4 4 Q1 2012 vs Q1 2011 Net income Scotiabank's net income was $1,436 million in the first quarter, an increase of $187 million or 15% from the same period a year ago. The increase included the after-tax real estate gain of $94 million. Excluding this gain, net income was up 7%. Contributing to these strong results was an increase in net interest income, growth in wealth management revenues from the inclusion of DundeeWealth Inc. (DundeeWealth), higher trading revenues and strong transaction-based fees. These increases were partly offset by higher operating expenses. Total revenue Total revenue (on a taxable equivalent basis) was $4,715 million, up $453 million or 11% from the same quarter last year. Acquisitions accounted for $295 million of this increase. The remaining growth was attributable to higher net interest income from asset growth, higher banking fees, stronger trading revenues, and the real estate gain. Net interest income This quarter's net interest income (on a taxable equivalent basis) of $2,380 million was $122 million or 5% higher than the same quarter last year. This was attributable to asset growth, primarily in business lending, residential mortgages and deposits with banks. The core banking margin was 2.03% down from 2.21% last year. The decline in the margin was primarily from a narrower spread on the Canadian fixed rate portfolio, higher volumes of low spread deposits with banks and non-earning assets. This was partially offset by a wider spread on Canadian floating rate products, higher margins in Peru and Asia and the acquisitions in Uruguay. Net fee and commission revenues Net fee and commission revenues of $1,500 million was a substantial $256 million or 21% higher than the same period last year. The growth was attributable primarily to wealth management revenues which were up $204 million mainly from the DundeeWealth acquisition. Banking fees were $63 million above the prior year, mainly from higher credit fees across all business lines, the acquisitions in Uruguay and higher credit card transactions. Other operating income Other operating income (on a taxable equivalent basis) was $75 million higher at $835 million. This quarter included $111 million from the gain on sale of a real estate asset. Trading revenue was up from the same period last year, mainly in fixed income and precious metals. Net gains on sale of investment securities of $80 million rose $13 million. Net income from investments in associated corporations fell from the prior year reflecting lower earnings from Thanachart Bank in Thailand as a result of the flooding in that country, and the inclusion of the 19% equity pick up of DundeeWealth in the prior period. As well, the first quarter last year benefitted from a foreign currency translation gain of $38 million relating to foreign operations which were hedged later in 2011. Provision for credit losses and impairment losses on investment securities The provision for credit losses was $265 million this quarter, down $10 million from the same period last year. The year-over-year decline was due primarily to lower provisions in retail and commercial lending in Canadian Banking, offset by higher provisions in International Banking and Global Banking and Markets. The impairment losses on investment securities were $26 million, compared to $43 million last year. Operating expenses and productivity Operating expenses were $2,507 million this quarter, up $258 million from the same quarter last year. Acquisitions accounted for $211 million of the increase. The remaining growth was mostly in compensation-related expenses which rose due to higher staffing levels and annual merit increases. Pension and benefit expenses were up this quarter, as the prior year included a $35 million benefit from the final wind-up and settlement of a subsidiary's pension plan. The productivity ratio was 53.5%, in line with the 53.3% in the same quarter last year. Operating leverage year over year was negative 0.4%. However, adjusting for the impact of recent acquisitions, the real estate gain this quarter and the pension gain in 2011, operating leverage was positive 2.0%, reflecting the cost management actions put in place. Taxes The effective tax rate for this quarter was 22.3%, slightly lower than 23.1% in the first quarter last year. This decline was due primarily to a reduction in the statutory tax rate in Canada, lower taxes on the gain on sale of the real estate asset and a lower future tax adjustment. These were partially offset by a reduction in tax-exempt income. Q1 2012 vs Q4 2011 Net income Net income was $1,436 million, an increase of $279 million or 24% compared to the fourth quarter, due primarily to stronger trading revenues, the gain on sale of the real estate asset, growth in net interest income, increases in underwriting revenues, higher transaction-based banking fees and lower provisions for credit losses. These items were partly offset by a slight increase in operating expenses and the impact of a higher effective income tax rate. Total revenue Total revenue (on a taxable equivalent basis) of $4,715 million was $393 million or 9% higher quarter over quarter. The growth was primarily in other operating income from stronger trading results and the real estate gain. Net interest income was higher from asset growth. Net fee and commission revenues were up modestly. Net interest income Net interest income (on a taxable equivalent basis) was $2,380 million, up $46 million or 2% from the previous quarter. This was attributable to asset growth, primarily in business lending, residential mortgages and deposits with banks. The core banking margin of 2.03% was down slightly from 2.07% last quarter. The slight decline in net interest margin was due to higher volumes of non-earning assets and narrower spread on the Canadian fixed rate portfolio. This was partly offset by wider spreads in Chile, Asia and Uruguay, as well as a wider spread in the Canadian floating rate portfolio. Net fee and commission revenues Compared to the previous quarter, net fee and commission revenue of $1,500 million was up $11 million or 1%. Revenues were up from stronger underwriting and other advisory fees and higher card revenues in both Canadian and International Banking. Other operating income Other operating income (on a taxable equivalent basis) rose a substantial $336 million or 67% to $835 million. Revenue from trading operations was $159 million higher at $385 million, mainly in fixed income, equities and precious metals due to improved market conditions. This quarter included the real estate gain and a favourable change in the fair value of financial instruments. The prior quarter included foreign currency translation losses related to unhedged available-for-sale equity securities, (which have since been hedged) which were partially offset by the recognition of negative goodwill related to an acquisition. Gains on investments securities of $80 million were $7 million lower than the prior quarter. The net income from investments in associated corporations fell $16 million, primarily from a reduced contribution from Thanachart Bank. Provision for credit losses and impairment losses on investment securities The provision for credit losses was $265 million this quarter, down $16 million from the prior quarter. The quarter-over-quarter decline in provisions was due mainly to decreases in commercial provisions in International Banking and Global Banking and Markets, partly offset by slightly higher provisions in Canadian Banking. Impairment losses on investment securities were in line with last quarter. Operating expenses and productivity The Bank continues to manage its expense growth prudently. Compared to the fourth quarter, operating expenses were relatively stable with a slight increase of $18 million or 1%. This growth was due primarily to higher compensation-related and business and capital taxes partly offset by a decrease in advertising and premises and technology costs. Compensation-related expenses were up due to higher staffing levels and higher stock-based compensation. The latter was mainly from the impact of vesting of new grants awarded to employees eligible to retire. The productivity ratio was 53.5%, compared to 57.9% in the previous quarter. Quarter over quarter, the operating leverage was 8.3%, or 6.5% excluding the real estate gain, and acquisitions. Taxes The effective tax rate for this quarter was 22.3%, up from 20.5% in the prior quarter. The increase in the effective tax rate was primarily due to lower tax-exempt income and higher income in higher tax jurisdictions. Partially offsetting these items were lower taxes on the real estate gain and a lower statutory rate in Canada. The prior quarter also included the write down of a deferred tax asset related to a loss on disposal of subsidiary operations in a prior year. Financial position The Bank's total assets as at January 31, 2012 were $637 billion, up $43 billion or 7% from October 31, 2011. Cash and deposits with banks grew by $8 billion, due mainly to increases in interest bearing deposits in the United States. Securities purchased under resale agreements increased by $6 billion. Trading assets increased $12 billion from October 31, 2011, primarily in trading securities which were up $12 billion from higher holdings of government debt and equities. As at January 31, 2012, the unrealized gain on available-for-sale investment securities, after the impact of qualifying hedges is taken into account, was $732 million, a decrease of $4 million from October 31, 2011. The Bank's loans to customers increased $14 billion or 4% from October 31, 2011. Business and government loans increased $8 billion due mainly to growth in Latin America, including the acquisition of Banco Colpatria in Colombia, and growth in Asia and Global Banking and Markets. In retail lending, residential mortgages increased $3 billion due primarily to growth in Canada. Personal and credit card loans increased $2 billion due mainly to Banco Colpatria. Total liabilities were $603 billion as at January 31, 2012, up $41 billion or 7% from October 31, 2011. Total deposits increased by $30 billion. Deposits from customers grew $24 billion, from growth in business and government deposits in the United States, personal deposits in Canada and the acquisition of Banco Colpatria. Deposits by banks increased $7 billion in the United States and Asia. Obligations related to securities sold under repurchase agreements grew by $8 billion. Total equity increased $1,897 million from October 31, 2011. This increase was driven by internal capital generation of $804 million, the issuance of common shares of $518 million for the purchase of Banco Colpatria, as well as $206 million common shares issued through the Dividend Reinvestment Plan and the exercise of options. Accumulated other comprehensive loss decreased $210 million due mainly to a $142 million decline in unrealized foreign exchange losses on the Bank's investments in its foreign operations and an improvement in the unrealized losses on cash flow hedges. Non-controlling interests in subsidiaries increased $197 million due primarily to the acquisition of Banco Colpatria. Capital ratios The Bank continues to maintain a strong capital position. The Tier 1 and Total capital ratios as at January 31, 2012 were 11.4% and 13.2%, respectively, down from 12.2% and 13.9% as at October 31, 2011. Strong internally generated capital during the quarter was more than offset by several one-time items, including: the implementation of the new Basel market risk framework, the Bank's adoption of IFRS, and the acquisition of Banco Colpatria, which was partly offset by the issuance of common equity for this acquisition. For regulatory capital purposes, the impact of the transition to IFRS on retained earnings will be phased-in over five quarters. Similarly, the tangible common equity ratio (TCE) as at January 31, 2012 was lower at 8.5% compared to 9.6% at October 31, 2011. The TCE ratio includes the full impact of the transition to IFRS. In February 2012, the Bank raised $1,658 million, before related issue expenses, of new common equity to fund recently closed and previously announced acquisitions. This will result in improved capital ratios reported next quarter. Business Segment Results Scotiabank is a diversified financial services institution that provides a wide range of financial products and services to retail, commercial and corporate customers around the world. The Bank's businesses are grouped into four business lines: Canadian Banking, International Banking, Global Wealth Management and Global Banking and Markets. The results of these business segments are based upon the internal financial reporting systems of the Bank. The accounting policies used in these segments are generally consistent with those followed in the preparation of the condensed interim consolidated financial statements as disclosed in Note 3 of the consolidated financial statements. The only notable accounting measurement difference is the grossing up of tax-exempt net interest income and other operating income to an equivalent before-tax basis for those affected segments. This change in measurement enables comparison of net interest income and other operating income arising from taxable and tax-exempt sources. During the quarter the Bank implemented changes in its methodology for certain business line allocations. These allocations did not have an impact on the Bank's consolidated results. The changes were in the following key areas: Funds transfer pricing - A funds transfer pricing methodology is used to allocate interest income and expense by product to each business line and the Other segment. The methodology was changed from applying short-term rates for transfer pricing of assets and liabilities, to applying rates that match the contractual and behavioural maturities of the assets and liabilities in each business line (matched maturity transfer pricing). This change in the methodology mostly impacted the results of Canadian Banking, Global Wealth Management, and the Other segment. International Banking and Global Banking and Markets were less impacted. Revenue and cost sharing arrangements between Canadian and International Banking and Global Wealth Management - The methodologies for revenue and cost sharing were modified between Global Wealth Management and the two business lines that facilitate the sale and distribution of wealth products. The methodologies were enhanced to ensure that the other business lines are appropriately incented and compensated for their cross-sell activities. Tax normalization - To ensure the reasonability of the effective tax rate for the business lines, the net income from associated corporations, is now adjusted to normalize for taxes. The offset is in the Other segment. There is no impact on the overall Bank's result. Global Transaction Banking (GTB) allocations - GTB business that is serviced in Canadian Banking branches but is attributed to and included in Global Banking and Markets was previously reported as a single line item in net interest income. It is now included on a line-by-line basis, with no overall impact on net income. In addition, other GTB product revenues have now been attributed to Global Banking and Markets. The prior year's amounts have been restated to reflect the revised methodologies. Scotiabank's results, and average assets, allocated by these operating segments, are as follows: For the three months ended January 31, 2012 Taxable equivalent basis(1) ($ millions) Canadian Banking International Banking Global Wealth Management Global Banking and Markets Other(2) Total Net interest income $ 1,174 $ 1,003 $ 123 $ 170 $ (95) $ 2,375 Net fee and commission revenues 365 291 586 289 (31) 1,500 Net income from investments in associated corporations 1 68 53 - (29) 93 Other operating income 13 91 97 387 91 679 Provision for credit losses 136 124 - 5 - 265 Impairment losses on investment securities 4 2 - 1 19 26 Operating expenses 768 845 495 390 9 2,507 Provision for income taxes 170 91 76 139 (63) 413 Net income $ 475 $ 391 $ 288 $ 311 $ $(29) $ 1,436 Net income attributable to non-controlling interests Non-controlling interests in subsidiaries $ 1 $ 18 $ 6 $ - $ - $ 25 Capital instrument equity holders - - - - 13 13 Net income attributable to equity holders of the Bank $ 474 $ 373 $ 282 $ 311 $ (42) $ 1,398 Average assets ($ billions) $ 219 $ 101 $ 13 $ 206 $ 97 $ 636 Average liabilities ($ billions) $ 144 $ 62 $ 15 $ 114 $ 207 $ 542 For the three months ended October 31, 2011 Taxable equivalent basis(1) ($ millions) Canadian Banking International Banking Global Wealth Management Global Banking and Markets Other(2) Total Net interest income $ 1,145 $ 941 $ 121 $ 193 $ (71) $ 2,329 Net fee and commission revenues 363 294 586 282 (36) 1,489 Net income from investments in associated corporations 2 100 48 - (41) 109 Other operating income 7 100 83 205 (74) 321 Provision for credit losses 135 158 1 17 (30) 281 Impairment losses on investment securities 5 - - 11 7 23 Operating expenses 797 820 513 370 (11) 2,489 Provision for income taxes 161 86 62 39 (50) 298 Net income $ 419 $ 371 $ 262 $ 243 $ (138) $ 1,157 Net income attributable to non-controlling interests Non-controlling interests in subsidiaries $ - $ 9 $ 8 $ - $ - $ 17 Capital instrument equity holders $ - $ - $ - $ - $ 14 $ 14 Net income attributable to equity holders of the Bank $ 419 $ 362 $ 254 $ 243 $ (152) $ 1,126 Average assets ($ billions) $ 216 $ 98 $ 13 $ 203 $ 85 $ 615 Average liabilities ($ billions) $ 142 $ 61 $ 13 $ 113 $ 200 $ 529 For the three months ended January 31, 2011 Taxable equivalent basis(1) ($ millions) Canadian Banking International Banking Global Wealth Management Global Banking and Markets Other(2) Total Net interest income $ 1,160 $ 872 $ 112 $ 196 $ (87) $ 2,253 Net fee and commission revenues 349 268 387 291 (51) 1,244 Net income from investments in associated corporations (1) 90 69 - (44) 114 Other operating income 15 80 75 370 40 580 Provision for credit losses 165 113 - (3) - 275 Impairment losses on investment securities - 1 - - 42 43 Operating expenses 731 755 336 401 26 2,249 Provision for income taxes 176 82 68 124 (75) 375 Net income $ 451 $ 359 $ 239 $ 335 $ (135) $ 1,249 Net income attributable to non-controlling interests Non-controlling interests in subsidiaries $ 1 $ 17 $ 8 $ - $ - $ 26 Capital instrument holders $ - $ - $ - $ - $ 15 $ 15 Net income attributable to equity holders of the Bank $ 450 $ 342 $ 231 $ 335 $ (150) $ 1,208 Average assets ($ billions) $ 206 $ 91 $ 10 $ 182 $ 64 $ 553 Average liabilities ($ billions) $ 138 $ 58 $ 12 $ 108 $ 163 $ 479 (1) Refer above for a discussion of non-IFRS measures. (2) Includes all other smaller operating segments and corporate adjustments, such as the elimination of the tax-exempt income gross-up reported in net interest income and other operating income and provision for income taxes for the three months ended January 31, 2012 ($68), October 31, 2011 ($74) and January 31, 2011 ($71), to arrive at the amounts reported in the Consolidated Statement of Income, differences in the actual amount of costs incurred and charged to the operating segments. SHAREHOLDER INFORMATION Direct deposit service Shareholders may have dividends deposited directly into accounts held at financial institutions which are members of the Canadian Payments Association. To arrange direct deposit service, please write to the transfer agent. Dividend and Share Purchase Plan Scotiabank's dividend reinvestment and share purchase plan allows common and preferred shareholders to purchase additional common shares by reinvesting their cash dividend without incurring brokerage or administrative fees. As well, eligible shareholders may invest up to $20,000 each fiscal year to purchase additional common shares of the Bank. Debenture holders may apply interest on fully registered Bank subordinated debentures to purchase additional common shares. All administrative costs of the plan are paid by the Bank. For more information on participation in the plan, please contact the transfer agent. Dividend dates for 2012 Record and payment dates for common and preferred shares, subject to approval by the Board of Directors. Record Date Payment Date January 3 January 27 April 3 April 26 July 3 July 27 October 2 October 29 Annual Meeting date for fiscal 2012 The Annual Meeting of Shareholders of the Bank for the fiscal year ending October 31, 2012, will be held in Halifax, Nova Scotia, on Tuesday, April 9, 2013. Duplicated communication If your shareholdings are registered under more than one name or address, multiple mailings will result. To eliminate this duplication, please write to the transfer agent to combine the accounts. Website For information relating to Scotiabank and its services, visit us at our website: www.scotiabank.com. Conference call and Web broadcast The quarterly results conference call will take place on March 6, 2012, at 2:00 pm EST and is expected to last approximately one hour. Interested parties are invited to access the call live, in listen-only mode, by telephone, toll-free, at (416) 644-3414 or 1-800-814-4859 (please call five to 15 minutes in advance). In addition, an audio webcast, with accompanying slide presentation, may be accessed via the Investor Relations page of www.scotiabank.com. Following discussion of the results by Scotiabank executives, there will be a question and answer session. A telephone replay of the conference call will be available from March 6, 2012, to March 21, 2012, by calling (416) 640-1917 or 1-877-289-8525 and entering the identification code 4487923#. The archived audio webcast will be available on the Bank's website for three months. Contact information Investors: Financial analysts, portfolio managers and other investors requiring financial information, please contact Investor Relations, Finance Department: Scotiabank Scotia Plaza, 44 King Street West Toronto, Ontario, Canada M5H 1H1 Telephone: (416) 775-0798 Fax: (416) 866-7867 E-mail: firstname.lastname@example.com Media: For other information and for media enquiries, please contact the Public, Corporate and Government Affairs Department at the above address. Telephone: (416) 933-1344 Fax: (416) 866-4988 E-mail: firstname.lastname@example.com Shareholders: For enquiries related to changes in share registration or address, dividend information, lost share certificates, estate transfers, or to advise of duplicate mailings, please contact the Bank's transfer agent: Computershare Trust Company of Canada 100 University Avenue, 9th Floor Toronto, Ontario, Canada M5J 2Y1 Telephone: 1-877-982-8767 Fax: 1-888-453-0330 E-mail: email@example.com Shareholders (continued): Co-Transfer Agent (U.S.A.) Computershare Trust Company N.A. 250 Royall Street Canton, MA 02021 U.S.A. Telephone: 1-800-962-4284 For other shareholder enquiries, please contact the Finance Department: Scotiabank Scotia Plaza, 44 King Street West Toronto, Ontario, Canada M5H 1H1 Telephone: (416) 866-4790 Fax: (416) 866-4048 E-mail: firstname.lastname@example.com Rapport trimestriel disponible en français Le Rapport annuel et les états financiers de la Banque sont publiés en français et en anglais et distribués aux actionnaires dans la version de leur choix. Si vous préférez que la documentation vous concernant vous soit adressée en français, veuillez en informer Relations publiques, Affaires de la société et Affaires gouvernementales, La Banque de Nouvelle-Écosse, Scotia Plaza, 44, rue King Ouest, Toronto (Ontario), Canada M5H 1H1, en joignant, si possible, l'étiquette d'adresse, afin que nous puissions prendre note du changement. The Bank of Nova Scotia is incorporated in Canada with limited liability. SOURCE Scotiabank - Financial ReleasesFor further information: <p> Media:<br/> For other information and for media enquiries, please contact the Public, Corporate and Government Affairs Department at the above address.<br/> Telephone: (416) 933-1344<br/> Fax: (416) 866-4988<br/> E-mail: <a href="mailto:firstname.lastname@example.com">email@example.com </a> </p>


text:
Alternative ideas for dormant fruit tree spraying?
dirtslinger2(6)April 15, 2012
Over the last week I have sprayed around 150 dormant fruit trees with the lime-sulpher/dormant oil.
I gather it is certified organic approved, but I do NOT like the idea of oversprayed oil wafting all over the ground below trees.
Can I use canola oil, or any more biodegradable oil? Any ideas on emulsifiers?
Would like to hear any opinions on this. Thanks

subset: commoncrawl


text:
Hoffman easy prey for playoff-bound Rockies
Originally Published: October 1, 2007By Michael Knisley | ESPN.com
DENVER -- A long, stressful, extra-inning night finally ended a long, stressful, extra-game regular season Monday in Denver, and the Colorado Rockies flew away to Philadelphia and the National League Division Series ...... on Holliday. Matt Holliday. Holliday's triple to right field in the bottom of the 13th brought Colorado back from a two-run deficit, and his mad dash home and frantic head-first slide on a short sacrifice fly to right by Jamey Carroll gave the Rockies an epic 9-8 victory over San Diego in the NL's wild-card tiebreaker game.
That ended a four-hour, 40-minute evening of ups, downs, fits, starts, rallies, failures, successes and baseball memories-in-the-making that had even the losing manager, the Padres' Bud Black, shaking his head in admiration for the beauty of the game. "This is why we in uniform, the people in the front office, the fans, love baseball," Black said. "It's because of games like this." In that sense, if you'll excuse the pun, the game was a baseball holiday, perhaps one of the best do-or-die games ever played. When Holliday scored in the bottom of the 13th -- if, in fact, he scored; there was some question afterward whether he actually touched the plate during his collision with Padres' catcher Michael Barrett -- it became the first walk-off win in a one-game playoff in major league history. It certainly left the 48,404 fans in attendance at Coors Field drained. Not to mention Rockies' first baseman Todd Helton. "I can't believe it," Helton said. "Can you believe it? We were down. We battled back. We did it against the best closer of all time." And that makes Monday night's game all the more remarkable. For 5 2/3 innings, the Padres' bullpen -- which had the best earned run average (3.00) in baseball this year -- kept Colorado smothered. After starter Jake Peavy left the game with one out in the seventh, trailing 6-5, three San Diego relievers (Heath Bell, Doug Brocail and Joe Thatcher) gave up one hit among them until the 13th. Then it was Trevor Hoffman time. Hoffman has closed out 524 games in his 15-year career, including 42 this season. He is baseball's all-time saves leader; he is as automatic as it comes when he enters a game with a lead. On Monday, he entered with a two-run lead, thanks to Scott Hairston's two-run home run in the top of the 13th inning. But Carroll's sacrifice fly in the bottom of the 13th was the first -- and only -- out Hoffman recorded in blowing this save. He gave up a leadoff double to Kazuo Matsui, another double to Troy Tulowitzki to score Colorado's first run in the rally, and then Holliday's triple to right to tie it. He intentionally walked Helton, and then faced Carroll. And then Hoffman faced the questions, which might have been a harder matchup for him than even the Rockies' lineup. That challenge, he met, though. With dignity and poise. And heartache. "I'm having a hard time doing this," Hoffman said to a knot of reporters in front of his locker. "It's not that I don't want to, but the way everybody participated in the way they did, and to have it come out the way it did, it's tough to deal with." Someone suggested that Hoffman, like many pitchers, has had difficulty in the past with the altitude at Coors Field. "I'm a professional, man" he said. "It doesn't matter where you're at. You've got to be ready to go wherever you're at."
Steve Dykes/Getty ImagesPandemonium breaks out at Coors Field after the Rockies advanced to the postseason with a victory over the Padres.
I can't believe it. Can you believe it? We were down. We battled back. We did it against the best closer of all
--Rockies first baseman
Todd Helton
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Story »
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text:
Grand Acquisition, L.L.C. v. BR Plaza Gardens, LLC et al
|BR Plaza Gardens Leaseco, LLC, Christiana Bank & Trust Company, Bluerock Property Management, LLC, BR Plaza Gardens Manager, LLC, Bluerock Special Opportunity + Income Fund II, LLC, Bluerock Real Estate, L.L.C., BR Plaza Gardens, LLC, BR Plaza Gardens, DST and R. Ramin Kamfar
|Grand Acquisition, L.L.C.
|Case Number:
|February 28, 2013
|Kansas District Court
|Kansas City Office
|XX US, Outside State
|Referring Judge:
|Kenneth G. Gale
|Presiding Judge:
|Carlos Murguia
|Nature of Suit:
|Contract: Other
|Cause of Action:
|28:1441 Petition for Removal- Contract Dispute
|Jury Demanded By:
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text: 21 APPLE MB110B/B Keyboard - White 134 reviews Home delivery Collect in store £40.00 Product details Enjoy computing with this stylish, sleek, enjoyable Apple MB110B/B Keyboard! The Apple MB110B/B Keyboard with numeric keypad features an elegant, ultrathin anodized aluminium enclosure with low-profile keys that provide a crisp, responsive feel. Convenience is at the heart of the Apple MB110B/B with practical function keys providing quick access to programmes and essential computer aspects like brightness, volume, launchpad and fast-forward/rewind. Two USB 2.0 ports enable you to connect... Find out more More info


text:
I have been shopping at MJM Magic for many years. Great products are available here at the very best prices. I have never had any hitch with any...Read More ->
For all the stores (online or physical stores) I've ever been to, MJM Magic offers the best customer service, even before you spend one cent with...Read More ->


text:
Welcome to ImpossibleRailroad.com !
--- Book ---
San Diego & Arizona Railway:
The Impossible Railroad
Reena Deutsch
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ § ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Tunnel 3 in Mexico, between Tecate and the border south of Campo, has been daylighted and will be cleared from the tracks soon.
Work on repairing and upgrading the Desert Line through Carrizo Gorge will be scheduled early in 2015.
The November 2014 hikes into Carrizo Gorge to the Goat Canyon Trestle were a great success! More hikes in the Spring are awaiting approval.
[This news is correct based on information available as of the date below. Status is subject to change.]
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ § ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
The book was released in January 2011. It describes the dramatic ups and downs of construction and operation of the John D. Speckels' San Diego & Arizona (Eastern) Railway, covering the time period from surveys in the early 1900s to today. The story is told in narrative form linked with more than 200 vintage photographs and other unique images.
Natural and other diasters that persistently afflicted the line are a continual thread throughout the chronicle, and the remote and breathtaking arid desert canyon of Carrizo Gorge is featured. Descriptions of challenges and triumphs faced by the SD&A(E) are highlighted as the story unfolds.
The last chapter in the book brings the SD&A(E) story up to the date of publication. It descriptively and pictorially sorts out the complicated tangle of public and private entities that have been and still are involved with the line in recent and contemporary times.
A portion of author royalties are donated to the Pacific Southwest Railway Association located in La Mesa and Campo, CA.
To read reviews for the book, click here.
To order the book, click here.
Impossible Railroad lectures, slide shows, booksignings, and field trips are currently being scheduled. Click here to view upcoming events.
Click here to see a list of previous events.
If your group or organization is interested in hosting a booksigning, slide show, lecture, or other book-related program, please see Presentations.
Author: Reena Deutsch, Ph.D.
Table of Contents:
Chapter 1 Construction
Chapter 2 Carrizo Gorge
Chapter 3 Operations Pre-1932
Chapter 4 1932 [Note that 1932 earned its own chapter!]
Chapter 5 Operations Post-1932
Chapter 6 Trolleys, Freight, and Tourists (Yes, the railroad is still in operation and, after 20 years of being blocked, Carrizo Gorge was cleared in 2004! Operations were temporarily stopped in 2008 but are planned to begin again starting in late 2015.)
The book contains images, such as:
· SD&A hero John D. Spreckels
· Construction activity both north and south of the Mexican border
· 1911 Mexican revolutionaries boarding a hijacked SD&A train
· Tunnels galore
· Intricate trestles and bridges
· Fascinating engineering drawings and maps
· The 1919 gold spike ceremony
· Inspiring steam and diesel locomotives
· Other rolling stock and maintenance-of-way vehicles, including velocipedes
· Passenger and freight trains
· Depots
· Awesome views of Carrizo Gorge in the desert and Mexico
· Construction of the landmark Goat Canyon Trestle in Carrizo Gorge
· Scenes filmed in the Gorge for movies
· A wreck or two (or three….)
· Collapsed tunnels
· Flood damage to the railroad and its infrastructure (sort of a recurring theme)
· Fire damage to the railroad and its infrastructure (ditto)
Many photographs in the book have never been published before. Some are absolutely incredible!
The SD&A: The Impossible Railroad book is printed on 100% Forest Stewardship Council (FSC) certified paper that is made and manufactured entirely in the United States. FSC-recognized products are independently certified that they come from forests that are managed to meet the social, economic and ecological needs of present and future generations.
If you find any errors or have any comments related to the San Diego & Arizona Railway: The Impossible Railroad book, the author would be delighted to hear from you at
Info [[at]] ImpossibleRailroad [[dot]] com
Special to folks who read this far…
Interesting trivia related directly or indirectly to the Impossible Railroad.
Last updated December 17, 2014


text:
News from WTOP
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- Industrialized, Interoperable and Insight-driven Federal Health Panel
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New role for GSA CFO
GSA's chief financial officer Mike Casella is shifting jobs. This post is part of Jason Miller's Inside the Reporter's Notebook feature.
Social media & security clearance professionals
Evan Lesser, founder and director of ClearanceJobs.com will discuss how cleared professionals should be dealing with social media.
September 5, 2014
The future of performance reviews
Dr. Janice Presser, CEO of the Gabriel Institute and Grant Thornton's Virginia Gibson will discuss the importance of performance reviews and how to improve them.
September 5, 2014
Brese leaves Energy in a better position to consolidate, centralize IT
Energy Department CIO Bob Brese is leaving government after almost 35 years of service. He said now is the right time to hand off the reigns because Energy is about to embark on an IT consolidation and centralization initiative.
Google's Megan Smith named new White House CTO
President Barack Obama filled two positions on his technology team: Google executive Megan Smith as the new chief technology officer and former Twitter general counsel Alexander Macgillivray as the deputy CTO.
High-ranking Justice Dept. official leaving post
Associate Attorney General Tony West, who has been the Justice Department's chief negotiator in its lawsuits against major banks, plans to leave the department Sept. 15.
AFGE issues 10 challenges to new EEOC chair
President Barack Obama named Jenny R. Yang as the new EEOC chair Tuesday, but one employee union has already given her a list of issues they'd like to see her tackle.
How women broke the glass ceiling at Lockheed Martin
On this week's Women of Washington radio show, Lockheed Martin's Sondra Barbour explains how she and women like her broke the glass ceiling in the private sector.
Dave McClure lands at cloud, cyber company as chief strategist
Former GSA official Dave McClure left government in June and now is an executive at the Veris Group.
Koskinen: We're from the IRS and we're here to help
Commissioner John Koskinen came into the IRS amid a scandal in its tax-exempt division. Now he's working hard to convince Congress and the public that the agency is neutral and just wants to collect the money owed the government. But he'll need a bigger budget to do that right.
Phased retirement and financial awareness
Federal benefits expert Ray Kirk gives his thoughts on OPM's phased retirement guidelines and what they mean for you.
September 1, 2014
Positive PR for feds
Colleen Kelley, president of the National Treasury Employees Union will discuss a new website that educates people about the federal government.
August 29, 2014
Thissen elected NARFE's new national president
National Active and Retired Federal Employees Association delegates elected Richard G. Thissen as their new national president. He succeeds outgoing President Joseph A. Beaudoin.
Obama to nominate new DHS undersecretary for management
Russell Deyo will be nominated to be the Homeland Security Department's next management czar. Danny Marti also is in line to be the next White House Intellectual Property Enforcement Coordinator.
The COLA countdown
Federal News Radio Federal Drive anchor Tom Temin and Federal Times Senior Writer Andy Medici join host Mike Causey to talk about potential changes to the COLAs for federal, military and Social Security recipients.
August 27, 2014
Ronald Walters, Acting Undersecretary for Memorial Affairs, VA
Almost 125,000 veterans die every year. The Department of Veterans Affairs is responsible for laying them to rest with honor, and for that service the VA has the highest customer satisfaction rating of any organization -- public or private -- in the country. Ronald Walters is acting undersecretary for memorial affairs at the Veterans Affairs Department. He's a Service to America medal finalist in the Management Excellence category. On In Depth with Francis Rose, he explained why the VA is so successful in this arena. View a gallery of all the Sammies finalists.
Equal pay, equal access, and equal rights for DC
Lorie Masters, partner at Perkins-Coie, joins the Women of Washington radio show to discuss DC voting rights, diversity, pay equity issues and her decision to run for the District's first elected attorney general.
Life begins at retirement
Thomas Lee and Daniel Sipe from Lee, Sipe, and Associates answer your retirement and financial planning questions.
August 25, 2014
White House sends Park to recruit in Silicon Valley
In his new role, Chief Technology Officer Todd Park will leave the White House and head west to recruit tech whizzes from Silicon Valley to help the government.
Rogers develops Blast Gauge to assess impact of IED blasts on soldiers
Former DARPA program manager Jeffrey Rogers developed a device that measures the effects of bomb blasts on injured soldiers, speeding the medical assessment and treatment.


text:
I'm using gvim and rails.vim and getting the following error when attempting to run
:Rake from within a migration:
:!rake db:migrate VERSION=20100427002644 2>&1| tee /tmp/v436868/11
/bin/bash/: rake: command not found
I'm not sure how to troubleshoot this. What can I do to fix this?
If i run
rake --version from the terminal it works fine.


text:
Manufacturing Engineer
Commitment to the Local Community!
Manufacturing Engineer wanted near Lexington, KY!
Our client has been one of the region's largest employers since it opened its doors nearly 30 years ago. With its roots in Japan, this multinational automotive supplier has become the ...
Mar 17 -
Lexington - Arch & engineering
Injection Molder
Sets up and operates injection-molding machines to cast products from thermoplastic materials: Installs dies on machine, according to work order specifications, using clamps, bolts, and handtools. Sets machine controls, regulating molding temperature, volume of plastic, ...
Mar 17 -
Georgetown - Construction & trades
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text:
Return of Aetheria is an exciting game that incorporates aspects of alternate and augmented reality together through its story and methods of gameplay. This is presented to players through a variety of technology, from simple card games to huge touchscreen tables and all the way up to an immersive Oculus Rift experience. Players take part by solving puzzles, playing games, and seeking out clues all in the attempt to progress through the story and further their scores to win awesome prizes.
What began in 2013 as a partnership between the School of Informatics and the various gaming conventions of Indianapolis, Return of Aetheria has flourished into the Media Arts & Science game production class, giving more students a chance to experience the process of making a game. Through the MAS game production class, students from different practices such as 3D, art, audio, game design, programming, video, and social media, come together to craft an ambitious, innovative game and gain real-world experience at the same time.
In the beginning, the epic story of Return of Aetheria was brought to the world by players discovering that magic, or "aetheria" as it was once known, was sealed away long ago in an attempt to protect it from evil. Players worked together with an entity called Espir to revive magic back into our world. In 2014, Return of Aetheria: War of Realms, the second installment, transported players to the realm of Aetheria, where a war waged between two factions over the right to wield magic. This quarreling allowed for the fall of their civilization, a quarrel engineered by the same Espir that deceived players into reopening a portal to Aetheria in the first chapter. The chaos from the war allowed for Espir to open a second portal, one to a realm much more twisted and insidious than any we have ever known, to summon his dark, shadowy master. And now, 2015 will see the third and final installment of the RoA series – Return of Aetheria: Rise of Nether.
The end of Return of Aetheria: War of Realms resulted in an unfortunate outcome for those of us in the Earth Realm, but an even greater loss for our heroes in the realm of Aetheria. What began as a conflict between Roxxy and Nereida over the right for Earth to wield, or be banned from, the use of magical power resulted in a war that escalated faster than either anticipated. Espir, the one responsible for deceiving players into reopening a portal to Aetheria, worked subtly behind the scenes to push the conflict into greater proportions. The chaos of the resulting battles allowed Espir to stabilize a portal to the Great Beyond, a nightmarish realm inhabited by the shadowy being, Nether. Furthermore, Espir had manipulated both forces of the war into bringing all of the champions of Aetheria into a single battlefield. It was here that he cast a great spell of corruption on the champions, binding them all to his beck and call, save for the spirit champion, Roxxy. Now, Nereida, Sun Wujie, Ah' Kin, and Irisi, once the elemental champions of Aetheria who fought to preserve and protect balance for all, fight alongside Espir and Nether as minions of chaos, seeking to unravel that which they once upheld.
From what we've learned, Nether is a being as ancient as Aetheria herself. Where Aetheria creates and provides the life force within all living beings, Nether is the antithesis of this. He is a being of pure evil, fueled by destroying and consuming life, such as the kind found plentifully in Aetheria, as well as on Earth. However, Nether has not yet passed into Aetheria, as the gateway to his realm is not yet strong enough to allow him through. But he is coming, and his arrival will result in the end of everything we have known. For now he is sealed away in Great Beyond, using Espir as his puppet in the realms he cannot yet enter. Though Nether is not yet in Aetheria, his presence can be felt throughout the land, with the lands twisting and changing, the creatures becoming more aggressive and dangerous, and the once-proud champions of Aetheria now sowing chaos in the name of their new dark master.
The once dormant volcanoes surrounding the fire capital of Zutekuli now ooze with molten rock and cast clouds of ash into the sky. The lush jungles that lead to the earth capital known as The Ring of Gaia have turned vicious, attacking travelers and devouring the unlucky ones. The golden sands of New Alexandria, the wind capital, now churn in an eternal sandstorm, suffocating the city and sealing it away from all. Twisting currents have torn the water capital of Triton's Deep from its roots, leaving little left in its wake but roiling seas. Even the great Arcanopolis, spirit capital of Aetheria, has crashed down into the ocean, with the wreckage from the city sinking deeper every day.
The world of Aetheria lies in ruins, and if Nether continues his path of destruction, our world will surely be next. It is up to you to save the once beautiful world of Aetheria and restore peace to the land. Join the fight! Master your element! Help us defeat Espir, destroy Nether, and take back the realm of Aetheria!
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Grey Street Hotel
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Historical Traveler Reviews Grey Street Hotel Newcastle upon Tyne
Fantastic Staff and Great Hotel
What a fantastic hotel and the staff were very freindly and helpful to myself and family. When we arrived we forgot to mention we had a need for a cot and after 5 minutes of arriving in the room a new cot was set up. The interesting thing about this hotel is the cool stuff in the rooms. LCD's and DVD's with a great library of films for adults and kids. Big mugs on the tea and coffee tray and the best nights sleep we have had ever in a hotel. The bathroom was very easy to use and the toiletries were great lotions. The hotel was very clean and with triple glazing in the bedroom this helped as the hotel is right in the middle of the city. So, this also helped enjoy the city and what it has to offer for people like us who have never gone to Newcastle but will be going back to this cool hotel
Spot On!
I stayed at this hotel on a Sunday night. It has a good location- very central - and only a few minutes walk from Central Station. When we arrived at the hotel, we were told as it was quite quiet that night, so they had managed to upgrade us to a deluxe room - free of charge. Our room was up on the 5th floor so you got quite a good view. The room itself was a good size, had a dvd player, flat screen t.v and one of the most comfortable beds I've ever slept in!!! We had a meal at the restaurant (The Living Room). It was around �50 for 2 courses for the two of us. The food was excellent, as was the service. The waiter, Nick, couldn't have been more helpful when helping us decide what to eat, and even recommended the best bars in the area to go to. There is also the Cellar Bar in the hotel - this is small & private feeling - you feel almost as if you're sitting in your own home!
Great room shame about payment
Booked for girlfriends birthday- room and staff were lovely, only problem was on check in they 'reserved' �410 on my debit card to cover the cost of the bill.
As the bill was considerably less then �410 I was left with a card I couldn't use all weekend and had to cancel two direct debits as they didn't release the �410 back to me till five days later!
Wrote to them and called but heard nothing back.
Would not stay again.
Mixed feelings towards greystreet
I've stayed at this hotel twice since it opened but doubt I'll be going back.
On my first stay it was excellent, lovely room, with nice plasma tv, dvd player etc, and as we were on the third floor we didin't get any street noise. As we enjoyed the first visit so much I thought we'd stay again for valentines day. This time we booked a suite as I thought we'd have a nice romantic night.
My husband arrived first and was told our room wouldn't be ready until 4'clock, even though check in was at 3. When he eventually checked in he discovered they'd only given us a deluxe room and not the suite. When we tried to swap we were told all the suites were booked so we had to stick with what we had.
When I got there, there were 3 workman in my room trying to fix a problem with the sink, they kept going in and out of the room for the next half hour which I found unacceptable and not exactly romantic! When they'd finally left I tried to put some heating on, and found it to be broken, and the room was absolutely freezing. By this time I'd had enough, so asked to be moved or for my money back, they showed us round a couple of rooms and i'm not particularliy fussy I just wanted one with heating. The room we moved to was fine and of the same quality as when we last stayed there, although was considerably smaller.
I felt these problems were just teething problems and hopefully with time these things will improve, but the noise level in the ground floor rooms is probably something that can't be rectified.
On the plus side the food was nice, and for location it's tough to beat.
BEWARE!!! Had a confirmed reservation to stay at this hotel for my anniversary and was called the day before arrival to be told that they had "Made a mistake" and taken too many bookings and thus we no longer had a reservation. I was left with nowhere to stay and did not even recieve an apology or compensation from the hotel. I would not recommend this hotel to anyone after the way that I was treated. Our anniversary trip was destroyed as Newcastle was totally full that weekend and thus was unable to find a similar alternative.
Nice try, but...
There are many examples of old buildings being converted most successfully into charming boutique hotels (witness the Hotel du Vin chain) but greystreethotel is not one of them. The owners have simply tried to cram far too much into the available space, and it all smacks of having been done a bit on the cheap (witness the state of the carpets, just a matter of weeks after the opening, the evidence of water leaks and, on our stay, a completely broken heating system across several rooms - the latter certainly not welcome in a Newcastle springtime!). Our "spilt level suite" (split because there wasn't enough space to accommodate a bathroom on the ground floor - that's all there is on the upper level) was just about big enough to accommodate the bed and offered about the same amount of clothes storage space that one gets on a jet liner. The issue of the almost complete lack of external sound-proofing has been raised by others and is certainly a major issue also. The staff are indeed charming and this, combined with the central location, are the redeeming factors. Otherwise, greystreet simply doesn't offer value for money and doesn't look a patch on the Malmaison on the waterfront.
Very pleased
We stayed for 3 nights (Fri-Sun) and took our 1 1/2 year old with us. The room was lovely, huge big bed, large plasma TV and DVD player. We had taken our own DVD's with us to keep him amused!! The room had a large bay window that let in loads of light. The building is a listed building so they didn't change the single glazed bay window. This was the only downside to the stay. On the Friday night we were surprised at the amount of street noise. The best way to describe it was it sounded like the window was open. Apart from that Saturday was quieter and Sunday was fine.The noise only seemed to be people going to the pubs. You couldn't hear the music etc, just street noise. The staff were extremely friendly, the breakfast was good, really central etc. We've stayed at 4 different hotels in Newcastle and out of the 4, would go back to this one before the others.
Very pleasant
Great location - 5 minutes from train station and right in city centre. Lovely building and nice rooms. Just one tip - if you are planning on being there on the weekend perhaps request a room not at the front of the hotel as there are several nightclubs opposite.
Fantastic New Hotel!
I booked this hotel through Expedia before it had even opened - I got a promotional rate of �89 for a Deluxe Room with a complimentary bottle of wine. The hotel is right in the centre of Newcastle, five minutes' walk from Central Station and convenient for bars, clubs, restaurants and shopping. Our double room had a huge bed with big, fluffy pillows and feather duvet, flat-screen TV, DVD player, a bottle of sparkling Norwegian mineral water, lovely toiletries in the bathroom and huge, thick towels and bathrobes. The staff are extremely friendly and helpful. Continental breakfast was included in our room rate and we had delicious fresh fruit salad and freshly-made fruit smoothies as well as the usual cereals and toast. An absolute delight!
Absolutley Fantastic
I booked the room on the internet and as the hotel is vey new there were not many pictures and no reviews so I was a liitle anxious. However at a price of �85 (special price reduced from �129) I expected it to be fairly good. I was more than pleased and need not have worried at all!! The location was fantastic, right in the city centre. The staff were friendly and helpful and made me feel special as soon as I arrived. The room was fantastic with an extremley comfortable double bed, plasma screen tv and dvd player and lovely bathroom complete with robes and nice toiletries. The size of the room was smaller than I expected but it wasn't a problem. As the hotel is a listed building it had many original features including the floor to ceiling sash windows but dont expect much of a view! I did not sample the restaraunt (the living room) although it looked lovely. My partner and I had our continental breakfast (inc in the price) delivered to the room and it was lovely. Parking was available on a nearby multi-storey which was �8 overnight till 9.30am. All in all I had a great time and will definatley go back
TripAdvisor Reviews Grey Street Hotel Newcastle upon Tyne
Travel Blogs from Newcastle upon Tyne
Start of the adventure
... bit to surprise the lodger and grab a bottle of wine before switching the tv on. However the backpack has been checked in and reality will kick in soon enough of the hugeness of what I'm going to be doing. Countries that I've read about, Indonesia, New Zealand, USA... they're all out there and two sayings come to mind: life is for living and you only live ...
Monday 2nd Feb This is our first adventure into the unknown, something everybody should do before they're 100! It all started with a casual glance in a Travel Agent's window by Jennifer last year. Packing now complete and 'checked in' on line we're ready for the off tomorrow - stay ...
A cold snap here and the forecast for my trip looks to be a week of top temperatures -1 and lows of -22 degC.... Wow that'll be interesting.. Bought some necessary stuff today, thermals and boots.... Had an afternoon investigating Boston, Washington and Brooklyn for a trip.. Settled on Brooklyn and looks like some interesting things to ...
Happy Christmas and thank you
Well I have been back for over a week now. This extraordinary experience is beginning to fade now I am in this new chapter.
I am so grateful and humbled by the whole experience. As I spend Christmas with cherished friends and dear family, I realise just how lucky I am.
The support I have had from really wonderful people who are kind and caring also humbles me. This entry is for them to say a huge THANK YOU.
Utrecht and the end of the adventure.
... that I have been able to share this trip with a few others. Dani for 6 months which was an amazing part of the trip. The animal shelter in Langkawi and the staff there that I enjoyed so much. Gary and Bhavik from the states who I met in China, then Hong Kong then Malaysia. George and Vasso from Greece whom I lived in Ger camps with in Mongolia (don't worry guys, what happened in the camp stays in the camp!) and then also met up with in Beijing and Sebastian ...


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Description (OCR text may contain errors)
June 17, 1924.
M. LACHMAN 'PAPERED METAL POLE Filed March 22, 1920 UW/ENTOR M77 ur/ce Lac hm n 1 m A HORNE Y8 Patented June 17; 1924.
MAURIOE'LAOHMAN, OF NEW YORK, N. Y., ASSIGNOR TO ELECTRO STEEL rRODudrs CORPORATION, OF NEW YORK, N. Y., A CORPORATION OF NEW YORK.
- Application filed March 22 1920. Serial No. 367,739.
To all whom it may concern.
Be it known that I, MAURICE LAOHMAN, a citizen of theUnited States, and a resident of New York, in the county of New 6 York and State of New York, have invented certain new and useful Improvements in Tapered Metal Poles, of which the following is a specification.
My present invention relates to the manu- 1 facture .of tapered meta-l telegraph, transmission and other poles and its object .isto simplify the method of manufacturing and.
the construction of such poles and thereby lower the cost of the finished article.
The invention relates more particularly to poles in which the body or main central portion consists of a web or plate having a flange at both edges of the said web inte al-therewith. v
he form of pole to which my invention more particularly relates may be otherwise stated to be, in its preferred form, of a form resemblingan -I-beam in cross-section with a web tapering from the base up or, in 25 other words, having a web of lessening width at sections of the pole made at different heights.
One of the special objects of my invention is to utilize for the construction of a pole of this character flanged structural shapes,
known commercially as flange and I-beams or plates usually made in a rolling mill and having the web part, as is well known, of substantially uniform width in such way that the metal constituting the web of said I-beam shall constitute the tapering web of the finished pole while the double flanges at'the edges of the I-beam shall constitute the double or other flanged edge or side of 40 said tapered pole. v
The invention consists in the method of manufacturing the pole as well as in the construction of the pole as hereinafter described and then specified in the claims.
In the accompanying drawings, Fig. 1 is a side elevation of a. length of rolled flanged section utilized in carrying out the invention.
Fig. 2 is an end view of the same.
Fig. 3 is a view similar to Fig. 1 after the section has been divided into two component parts.
Fig. 4 is a Side elevation of the finished the longitudinal edges may be employed.
In the drawings sucha section is indicated having a web 1 and flanges or Ts 2, 3 along each longitudinal edge. The size, proportions and weight of beam is determined upon according to the conditions required in the finished pole as will be obvious to those skilled in the art.
The beam is then separated into two' preferably duplicate longitudinal parts or members by a bias cut, indicated by the dotted lines 4, Fig. 1, through the web from one end of the beam to the other. This bias cut or severing of the parts is effected in any suitable manner. n
One of the parts is then reversed or upended with relation to the other part and the cut edges 4 of the webs 1 are brought together so that the wide and narrow ends of each part are at the same end of the finished pole and the webs are secured directly to one another at the cut edges. This re- \sults in a tapered pole with the joint between the parts running vertically and centrally through the web and in' which the web or body portion of the pole, tapered to make the tapering pole, consists essen tially of the web portlon of said I-beam.
as i and the sides or edges of the pole are flanged, said flanges consisting of the heads of said I -beams.
The edges 4 may be presented to each other and secured together in any desired manner: In the form shown in Figs. 4 and 5 one of the edges if offset and lapped over the other edge so that the two parts of the web lie" in substantially the same plane. The lappedv edges may then be riveted, spotwelded or joined in any suitable way.
If desired to lighten the pole, lessen the wind resistance or for' purposes of ornamentation, Openings 13 (indicated by dotted lines in Fig. 4) of any desired shape may be formed in the webs of each part or fications in the method of. securing the parts' consists'broadly in longitudinally dividing a rolled flanged section or I beam into two component parts by a bias out then reversing one of the parts and joining the webs.
of the two parts directly to one another in any suitable manner, and that many modidirectly to one another toform a flanged section consisting of two members only and tapering from one end to the other wherein the body or web of the pole consists of the web of the I-beamv andthe double flanges of said I-beam constitute flanged edges or sides of the pole integral with the web of said pole. v
2. A tapered metal telegraph or other pole comprising two duplicate flanged plates or members, the edgeof the web of each part running obliquely to the flange, and said parts being assembled with the cut edges of the webs meeting and secured directly to one another to form a tapered pole comprising two members only.
3. A tapered metal telegraph or other pole, consisting of two members only and comprising two flanged metal plates each havingits web or body part diminishing in width from end to end thereof and secured directly to one another with the narrower portions in apposition, the said web parts together constituting the web or body of the tapered pole and the flanges of said bars or'members integral with the web parts constituting the flanged edges or sides of the pole.
Signed at New York, in the county of New York and State of New York, this 19th day of March, A. D. 1920. v
W MAURICE LACHMAN. Witness:
Referenced by
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Youth softball: Bonita Springs 11-12s win district tournament title
LEHIGH ACRES — The Bonita Springs Little League 11- and 12-year-old softball all-stars are a resilient group, a quality that led them to a district title.
The 11-12s reeled off three straight victories with their backs to the wall in the District 18 tournament. Their final win came Monday against Lehigh Acres, the team that put Bonita Springs on the brink of elimination to begin with.
Bonita Springs, on the strength of a five-run second inning, won 9-6 at Lehigh Acres Community Park to clinch the district championship. The Bonita all-stars play Saturday in the Section 6 tournament, where the winner goes to state.
"The key was staying together as a team," said Riley Ennis, who pitched a complete game for Bonita Springs. "No one fell apart, and we all kept playing together."
Lehigh Acres beat Bonita Springs 8-5 in the first game of the double-elimination tournament. Bonita went on to beat LaBelle before beating Lehigh Acres 2-1 in their second meeting to force Monday's all-or-nothing final.
While overcoming an early loss, the 11-12s also had to bounce back from losing a third of its starters Monday. Three starters were on vacation, leaving Bonita Springs with exactly nine players to take on Lehigh Acres.
"We came out here a little doubtful," said Hannah Gormly, the team's only 12-year-old. "Then when we got up on ourselves we started racking up the hits and we all got excited."
This crew of all-stars is familiar with winning. Most the players were on last year's 9-10 team that won a district championship and came a game away from going to the state tournament.
Bonita Springs plays the winner of District 9 at 9 a.m. Saturday in the first game of the three-team section tournament at Lehigh Acres Community Park.
Gormly and Kelsie Martel each batted in two runs for Bonita Springs. Chelsea Dumas scored two runs, while coach Sue Dumas credited Anna Hahn for her strong defense at third base.
"We played a good team game," Sue Dumas said. "Everyone contributed. Everyone came through when they needed to."
The Bonita Springs senior baseball all-stars forced a deciding championship game with a win Monday. Bonita beat LaBelle 6-4, and the two play again Tuesday for the district title.
The seniors scored five runs in the top of the first inning before holding off LaBelle's rally late in the game.
Bonita Springs' 11-12 baseball all-stars saw their season come to an end Monday with a heartbreaking 14-13 loss to Lehigh Acres. Bonita Springs led 11-2 after two innings thanks to two home runs by Nick Tenley.
The Lehigh 11-12s trailed 12-7 to start the sixth inning before hitting two home runs and scoring seven times in their final at-bat.
Bonita Springs Little League
11-12s Softball
Delaney Banta, Paige Carroll, Jenna Cosme, Chelsea Dumas, Riley Ennis, Hannah Gormly, Anna Hahn, Lauren Hobbs, Kelsie Martel, Madi Owen, Jordan Willis, Morgan Winiecki. Manager: Sue Dumas; Coaches: Heather Ennis, Lori Greco


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New firefighters a first in the area
These women are climbing the ladder of success in their field — in this case, the ladder just happens to lead up to a burning building.
For the first time, women firefighters have been hired in both Detroit Lakes and Frazee.
After asking for applicants to fill six openings at the Detroit Lakes Fire Department, the crew will soon be at full force again.
Fire Chief Scott Flynn said two have been hired and two more will be soon.
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Video: Marc Salem performs mind tricks
How do you know which coin a person is thinking about without them directly telling you? According to Marc Salem, it's easy to figure out based on the non-verbal cues most people don't even realize they share.
Salem's local version of his mind-bending Broadway show, "Mind Over Milwaukee," runs at the Milwaukee Rep's Stackner Cabaret through Feb. 24. He visited Tap Milwaukee yesterday to demonstrate a few of his mind tricks on reporter Jackie Loohauis-Bennett. »Read Full Article
Five singers declared winners in local Met Opera auditions
Five singers were selected by judges to advance to the next round at Saturday's Wisconsin District Metropolitan Opera National Council Auditions.
Countertenor Kangmin Justin Kim, mezzo-soprano Corrie Stallings, soprano Caitlin Ruby Miller, tenor Ian D. Koziar and tenor Joe Shadday will compete at the Upper Midwest Regional in St. Paul, Minn. The five vocalists also won $2,000 each. »Read Full Article
'Belle of Amherst' best when profiling Dickinson's poetry
Walt Whitman may have rightly claimed that his poetry contains multitudes, but Emily Dickinson can stake an equally valid claim to being America's greatest poet.
She is also the hardest one to know. Harold Bloom once wrote that no poet "seems so separate from us as Dickinson," adding that "we have no accurate approaches to her." »Read Full Article