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Strayer Education (STRA)
Q4 2012 Earnings Call
February 14, 2013 10:00 am ET
Sonya G. Udler - Senior Vice President of Corporate Communications
Robert S. Silberman - Chairman and Chief Executive Officer
Mark C. Brown - Chief Financial Officer, Principal Accounting Officer and Executive Vice President
Karl McDonnell - President, Chief Operating Officer and Director
Jeffrey P. Meuler - Robert W. Baird & Co. Incorporated, Research Division
Zachary Fadem - Barclays Capital, Research Division
Corey Greendale - First Analysis Securities Corporation, Research Division
Paul Ginocchio - Deutsche Bank AG, Research Division
Sara Gubins - BofA Merrill Lynch, Research Division
Jeffrey Y. Volshteyn - JP Morgan Chase & Co, Research Division
Jason P. Anderson - Stifel, Nicolaus & Co., Inc., Research Division
Kelly A. Flynn - Crédit Suisse AG, Research Division
Timo Connor
Trace A. Urdan - Wells Fargo Securities, LLC, Research Division
Previous Statements by STRA
» Strayer Education Management Discusses Q3 2012 Results - Earnings Call Transcript
» Strayer Education Management Discusses Q2 2012 Results - Earnings Call Transcript
» Strayer Education's CEO Discusses Q1 2012 Results - Earnings Call Transcript
Sonya G. Udler
Thank you, operator. With us today to discuss the results are Robert Silberman, Chairman and Chief Executive Officer for Strayer Education; Karl McDonnell, President and Chief Operating Officer; and Mark Brown, Executive Vice President and Chief Financial Officer.
For those of you that wish to listen to the conference via the Internet, please go to strayereducation.com, where the call will be archived. Following Strayer's remarks, we will open the call for questions and answers.
I would like to remind everyone that today's press release contains and certain information on this call may contain statements that are forward-looking and are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act.
The statements are based on the company's current expectations and are subject to a number of uncertainties and risks that the company has identified in the paragraph on forward-looking statements at the end of its press release and that could cause the company's actual results to differ materially.
Further information about these and other relevant uncertainties may be found in the company's annual report on Form 10-K and its other filings with the Securities Exchange Commission. Copies of these filings and the full press release are available online and upon request from the company's Corporate Communications department.
And now I'd like to turn the call over to Rob. Rob, please go ahead.
Robert S. Silberman
Thank you, Sonya, and good morning, ladies and gentlemen. As is our custom, I'd like to begin this morning with a brief overview of both our company and our business model for any listeners who are new to Strayer. Mark will comment on our company's financial results for the fourth quarter and the full year of 2012. I'll then ask Karl McDonnell, our newly designated Chief Executive Officer, to provide an update on our operating results, as well as provide the company's earnings outlook for Q1 2013. Finally, I'll provide some comments on both capital allocation over the last year and on our announcement this morning regarding leadership transition.
Strayer Education is an education service company, whose primary asset is Strayer University, a 50,000-student, 100-campus post secondary education institution, which offers masters, bachelors and associates degrees in business administration, accounting, computer science, public administration and education. Unlike traditional universities, Strayer students are working adults, who are returning to school to further their careers.
Our revenue comes from tuition payments and associated fees. Approximately 75% of that revenue comes to us from federal Title IV loans issued to our students.
Our expenses at Strayer Education include the costs of our professors, our admissions and administrative staff, marketing expenses and facilities and supplies costs. We serve students in 23 states through our 100 physical campuses, as well as in all 50 states and over 30 foreign countries through our online courses. Strayer University is accredited by the Middle States Commission on Higher Education.
Now, Mark, will you run through the financials?
Mark C. Brown
Sure. Revenues for the 3 months ended December 31, 2012, decreased 9% to $141.9 million compared to $155.8 million for the same period in 2011, principally due to lower enrollment and lower revenue per student. Income from operations was $28.7 million compared to $45.4 million for the same period in 2011, a decrease of 37%. Operating income margin was 20.2% compared to 29.1% in 2011. Net income was $16.6 million compared to $26.7 million for the same period in 2011, a decrease of 38%.
Diluted earnings per share was $1.47 compared to $2.30 for the same period in 2011, a decrease of 36%. Diluted weighted average shares outstanding decreased 2% to 11,314,000 from 11,592,000 for the same period in 2011.
Revenues for the year ended December 31, 2012, decreased 10% to $562 million compared to $627.4 million for the same period in 2011, principally due to lower enrollment.
Income from operations was $113.6 million compared to $179.1 million for the same period in 2011, a decrease of 37%. Operating income margin was 20.2% compared to 28.6% in 2011.
Net income was $65.9 million compared to $106 million in 2011, a decrease of 38%. Diluted earnings per share was $5.76 compared to $8.88 in 2011, a decrease of 35%. Diluted weighted average shares outstanding decreased 4% to 11,440,000 from 11,943,000 in 2011. Rob?
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Contents |
The Canadian Foodgrains Bank is a partnership organization (in 2013) of 15 Canadian Christian church agencies representing 32 denominations working to end world hunger. It provides food assistance where there is an immediate need, food security by helping communities to help themselves through improved agricultural techniques, and assists families with improved nutrition. It began in Winnipeg, Manitoba in 1975 as the Mennonite Food Bank, a partner organization of Mennonite Central Committee Canada. It expanded in 1983 when four other church denominations joined its work, and became the Canadian Foodgrains Bank. In addition, since 1983 the Foodgrains Bank has been financially assisted by the Canadian International Development Agency (CIDA). Through CIDA, Bank members were able to leverage donations on a four-to-one basis for food assistance in the developing world up to an annual maximum of $25 million (in 2013). In its first 30 years it has provided over 1.1 million tonnes of food and seeds, worth over 682 million Canadian dollars in 78 different countries. In the 2011/12 fiscal year it provided assistance to over 1.1 million people.
In 1974 the price of grains worldwide increased dramatically. While this benefited farmers, for the hungry it was often fatal. Art DeFehr, a member of Winnipeg's River East Mennonite Brethren Church and a Winnipeg businessman who had recently returned from a Mennonite Central Committee (MCC) assignment in Bangladesh, was concerned because he had witnessed huge food shortages in Bangladesh linked with a complete inability to get food aid from the major Western countries.Upon his return to Winnipeg, DeFehr joined informal meetings with concerned individuals, including MCC colleague John Wieler, Len Siemens, the associate dean of agriculture at the University of Manitoba, and David Durksen, head of agro-information for Federal Grain Company. This group developed a response to the Hillsboro Resolution passed in January 1974 at the MCC annual meeting. That Resolution called upon the Mennonite community to develop mechanisms to respond to emergency food shortages in the world. The foursome adopted the Biblical Joseph principle as their guide—the concept of banking grain and resources in years of plenty for distribution when times were lean (Genesis 41).
Mennonites had a strong agricultural base; many had experienced hunger in the early Soviet Union or during World War II before settling in Canada. Most felt a Christian duty to feed the hungry, and international service with MCC gave many Mennonites a personal connection to food needs worldwide. DeFehr produced a draft proposal for a food aid banking system that the MCC executive in Canada accepted in September 1975. The first planning meeting was held on 28 October. DeFehr became chair of the first interim board of the agency known as the Mennonite Food Bank; John R. Dyck joined as the first Executive Director. Negotiations with the Canadian Wheat Board (CWB) and the Canadian International Development Agency (CIDA) took a frustrating two years.
Initially MCC was not wholeheartedly supportive of the food bank concept, because it felt that aid which improved and developed indigenous farming was preferable to donated food. The Mennonite Food Bank knew that while it could not solve the problem of world hunger, it could strategically address emergency food needs while building knowledge and expertise that could address the root causes of hunger. DeFehr said his dream "was that the credibility gained by well-planned and executed action, even on a modest scale, would develop a core of expertise within the Mennonite community which could gain the respect of, and access to, those individuals and organizations which could in fact influence the structure of world food policy."
The Mennonite Food Bank was established as a separate organization from MCC Canada, but MCC handled the Bank's overseas distribution. In October 1976 it launched its first appeal for wheat to western Canadian farmers, resulting in donations of 1,442 tonnes. This total was well below expectations, but 600 tonnes of wheat were sent to India. In 1979 Bert Loewen became the Mennonite Food Bank's Executive Director. He negotiated with the Canadian Wheat Board to allow farmers to deliver outside of their quota set by the CWB.
Mennonite Food Bank Activities, 1978-1983
Country | Food or Seed
Supplied (tonnes) |
Bangladesh | 1,900 |
Burkina Faso | 618 |
Ethiopia | 14,925 |
India | 600 |
Kenya | 207 |
Nicaragua | 100 |
Tanzania | 4,592 |
Zimbabwe | 4,603 |
Other Countries | 5,300 |
Total | 28,503 |
The Canadian Foodgrains Bank has provided food assistance in each year of its existence. In emergency circumstances food shipments often doubled, as in the 1984/85 Ethiopian famine, the 1991-1994 Southern African drought, or the 2011/12 East Africa famine. North Korea became a special case because of its political isolation. In 1995 a serious food emergency unfolded in North Korea, in part because of the collapse of the Soviet Union. Foodgrains member churches decided a major food response was necessary. Initially the Canadian government did not want CIDA's matching funds to be used. The churches decided to respond without government support and purchased 4,350 tonnes of rice in the region in 1996/97. Once the seriousness of the food crisis became widely recognized, the government allowed CIDA funds to be used. The following year, Foodgrains provided over 23,000 tonnes of Canadian wheat as part of a global effort that helped avert a North Korean famine.
Many Mennonite communities have actively promoted special fundraising events for the Canadian Foodgrains Bank. For example, from 1998 to 2010 Mennonites and others of Drake, Saskatchewan, a small rural community of about 200 people raised over $242,000 for the Canadian Foodgrains Bank.[edit] Bibliography
Canadian Foodgrains Bank. A Christian Response to Hunger: The First 20 Years – Key People and Events. [Winnipeg, Manitoba], 2003, 28 pp.
[edit] Additional Information
Address: 400-393 Portage Ave, Winnipeg, Manitoba, R3B 3H6
Mail address: Canadian Foodgrains Bank, P.O. Box 767, Winnipeg, Manitoba, R3C 2L4
Phone: 204-926-4233
Website: http://foodgrainsbank.ca/
Canadian Foodgrains Bank Partners | Date Joined |
ADRA Canada (Adventist Development & Relief Agency) | June 1990 |
Canadian Baptist Ministries | April 1983 |
Canadian Catholic Organization for Development & Peace | June 2007 |
Canadian Lutheran World Relief | April 1983 |
Emergency Relief & Development Overseas (Pentecostal Assemblies of Canada) | January 1984 |
Evangelical Missionary Church of Canada | June 1988 |
Mennonite Central Committee | April 1983 |
Nazarene Compassionate Ministries | June 1988 |
Presbyterian World Service & Development | June 1992 |
Primate's World Relief & Development & Development Fund (Anglican Church of Canada) | June 2007 |
The Salvation Army | June 1986 |
The United Church of Canada | January 1984 |
World Relief Canada | June 1991 |
World Renew/Christian Reformed World Relief Committee | April 1983 |
Author(s) | Victor G Wiebe |
Date Published | February 2013 |
[edit] Cite This Article
MLA style
Wiebe, Victor G. "Canadian Foodgrains Bank (Winnipeg, Manitoba, Canada)." Global Anabaptist Mennonite Encyclopedia Online. February 2013. Web. 3 May 2015. http://gameo.org/index.php?title=Canadian_Foodgrains_Bank_(Winnipeg,_Manitoba,_Canada)&oldid=94134.
APA style
Wiebe, Victor G. (February 2013). Canadian Foodgrains Bank (Winnipeg, Manitoba, Canada). Global Anabaptist Mennonite Encyclopedia Online. Retrieved 3 May 2015, from http://gameo.org/index.php?title=Canadian_Foodgrains_Bank_(Winnipeg,_Manitoba,_Canada)&oldid=94134.
©1996-2015 by the Global Anabaptist Mennonite Encyclopedia Online. All rights reserved.


text:
Sustaining the Global farm
Selected papers from the 10th International Soil Conservation Organization Meeting
Edited by
Diane E.
Stott, Rabi H. Mohtar,
and Gary C. Steinhardt
Published by the
International Soil Conservation Organization
in cooperation
United States Department of Agriculture
Agricultural Research Service
National Soil Erosion Research Laboratory
Purdue University
Diane E. Stott, Ph.D.
Research Soil Microbiologist/Biochemist
USDA-ARS National Soil Erosion Research Laboratory
1196 Soil Building
West Lafayette IN 47907-1196 USA
Phone: 1-765-494-6657; Fax: 1-765-494-5948
Rabi H. Mohtar, Ph.D.
Assistant Professor
Environmental and Natural Resources Engineering
of Agricultural and Biological Engineering
1146 ABE Building, Purdue University
West Lafayette, IN 47907-1146
Phone: 1-765-494-1791; Fax: 1-765-496-1115
Gary C. Steinhardt, Ph.D.
Soil Management
Agronomy Department
1150 Lilly Hall of Life Sciences
Purdue University
West Lafayette, IN 47907-1150
Phone: 1-765-494-8063; FAX: 1-765-496-2926
CD Cover Artwork
The art work used was from the USDA-NRCS Photo Gallery, Photo #NRCSIA99371. Please contact the USDA-NRCS directly for more information. Photo Gallery web site is http://photogallery.nrcs.usda.gov/ (confirmed 2 May, 2002)
The information and opinions herein are the responsibility of the individual paper authors. Neither the United States Department of Agriculture, Agricultural Research Service (USDA-ARS) nor Purdue University expressly guarantees the research presented here, nor endorses any equipment, product, or method used.
Citation Format
<<Paper Authors>>. 2001. <<Paper Title>>. <<Paper page numbers>> pgs. In: D.E. Stott, R.H. Mohtar, and G.C. Steinhardt (eds). Sustaining the Global Farm – Selected papers from the 10th International Soil Conservation Organization Meeting, May 24-29, 1999, West Lafayette, IN. International Soil Conservation Organization in cooperation with the USDA and Purdue University, West Lafayette, IN. CD-ROM available from the USDA-ARS National Soil Erosion Laboratory, West Lafayette, IN. Web site http://topsoil.nserl.purdue.edu/nserlweb/isco99/pdf/isco99pdf.htm (verified 2 May 2002).
ISCO 99 was sponsored by:
International Soil Conservation Organization
Agricultural Research Service, U.S. Department of Agriculture
Natural Resources Conservation Service, U.S. Department of Agriculture
In cooperation with:
Cooperative State Research, Education, and Extension Service, U.S. Department of Agriculture
U.S. Department of State
Foreign Agricultural Service, U.S. Department of Agriculture
Forest Service, U.S. Department of Agriculture
Geological Survey, U.S. Department of the Interior
Purdue University
The World Bank
U.S. Agency for International Development
U.S. Environmental Protection Agency
Agriculture and Agri-Food Canada
American Society for Photogrammetry and Remote Sensing
American Water Resources Association
Association for Better Land Husbandry
Canadian Society of Soil Science
Conservation Technology Information Center
European Society for Soil Conservation
International Erosion Control Association
International Soil Science Society
International Soil Tillage Research Organization
Organization of American States
Society for Ecological Restoration
Society for Range Management
Soil Conservation Council of Canada
Soil and Water Conservation Society
Soil Science Society of America
World Association of Soil and Water Conservation
The sponsors of the thank the 10th International Soil Conservation Organization Conference following institutions for their generous financial support:
Agricultural Research Service, USDA
Agriculture and Agri-Food Canada
Conservation Technology Information Center
Cooperative State Research, Education, and Extension Service, USDA
Dow Elanco
Foreign Agricultural Service, USDA
Forest Service, USDA
Geological Survey, USDI
Monsanto Company
Natural Resources Conservation Service, USDA
U.S. Environmental Protection Agency
Organizing Committee for
10th International Soil
Conservation Organization Conference
Pearlie S. Reed (co-chair), USDA, Natural Resources Conservation Service (NRCS)
Mark Nearing (co-chair), USDA, Agricultural Research Service (ARS)
Andres Aguilar, Universidad Autonomia de Chapingo
Gene Alberts, USDA, ARS
C. Richard Amerman, USDA, ARS
Vincent Bralts, Purdue University
Ann Carey, USDA, NRCS
Maurice Cook, North Carolina State University
Dave Cressman, Ecologistics, Ltd.
Julian Dumanski, World Bank
Robert Eddleman, USDA, NRCS
Samir El-Swaify, University of Hawaii
Linda Elswick, International Partners for Sustainable Agriculture
Hari Eswaran, USDA-NRCS
Dennis Flanagan, USDA-ARS
Susan Gordon, U.S. Department of State
Guillermo Grajalcs, InterAmerican Institute for Cooperation in Agriculture
Jerry Hammond, USDA, NRCS
John Hebblethwaite, Conservation Technology Information Center
Mike Hickman, USDA, ARS
Chi-Hua Huang, USDA, ARS
Tom Huntington, U.S. Geological Survey
Chris Johannsen, Purdue University
Paul Johnson, Oneota Slopes Farm
Rattan Lal, Ohio State University
Leonard Lane, USDA, ARS
Gerry Luciuk, Agriculture and Agri-Food Canada
Kristen Martin, U.S. Environmental Protection Agency
Don McCool, USDA, ARS
William McFee, Purdue University
Rabi Mohtar, Purdue University
Henry Mount, USDA, NRCS
Curt Nissly, U.S. Agency for International Development
John Nordin, USDA, Forest Service
L. Darrell Norton, USDA, ARS
Christian Pieri, World Bank
Ken Renard, USDA, ARS (Retired)
David Sammons, Purdue University
Sara Scherr, University of Maryland
David Schertz, USDA, NRCS
Berlie Schmidt, USDA, Cooperative State Research, Education, and Extension Service
Max Schnepf, USDA, NRCS
Charles Sloger, U.S. Agency for International Development
Gary Steinhardt, Purdue University
Diane Stott, USDA, ARS
Dan Towery, Conservation Technology Information Center
Glenn Weesies, USDA, NRCS
Previous ISCO Meetings and Publications
ISCO-10. West Lafayette, Indiana, USA. 24-29 May 1999 (Published 2001). Sustaining the Global Farm – Selected papers from the 10th International Soil Conservation Organization Meeting (Eds: D.E. Stott, R.H. Mohtar and G.C. Steinhardt). CD-ROM. West Lafayette (USA): ISCO in cooperation with the USDA-ARS National Soil Erosion Research Laboratory and Purdue University. http://topsoil.nserl.purdue.edu/nserlweb/isco99/pdf/isco99pdf.htm. (last verified 2 May 2002 )
ISCO-9. Bonn, Germany. 26-30 August 1996 (Published 1998) Towards Sustainable Land Use: Furthering Cooperation between People and Institutions, Selected papers of the Conference of the International Soil Conservation Organisation (Eds: Blume, Eger, Fleischhauer, Hebel, Rei, and Steiner. Advances in Geolecology 31. 2 vols. Reiskirchen (Germany): Catena Verlag. ISBN 3 923381 42 5.
ISCO-8. New Delhi. 4-8 December 1994 (Published 1998). Soil and Water Conservation - Challenges and Opportunities (Eds: L.S. Bhushan, I.P. Abrol, M.S. Rama, and M. Rao). 2 vols. 1700pp. Dehra Dun (India): Indian Assoc. of Soil & Water Conservation. ISBN 81 204 1082 x.
ISCO-7. Sydney, Australia. 27-30 September 1992.(published 1992). People Protecting their Land (Eds: P.G. Haskins and B.M. Murphy). 2 vols. 832pp. Sydney (Australia): ISCO and NSW Dept of Conservation and Land Management. . ISBN 0 7305 9977 9.
ISCO-6: Ethiopia and Kenya. 6-18 November 1989. (Published 1992). Erosion, Conservation and Small-Scale Farming and 'Soil Conservation for Survival (Eds H.Hurni and K Tato). 582 and 420pp. Bern (Switzerland): Geographica Bernensia, ISCO, and the World Assoc. Soil and Water Conservation. ISBN 3 906290 70 0 and 0 935734 27 9.
ISCO-5: Bangkok, Thailand. 18-29 January 1988. (Published 1989) Land Conservation for Future Generations (Ed: S. Rimwanich). 2 vols. 1312 pp. Bangkok (Thailand): Dept. of Land Development, Min. of Ag. & Coops. ISBN 974-7724-94-4.
ISCO-4: Maracay, Venezuela. 3-9 November 1985. (Published 1987). Soil Conservation and Productivity. (Ed: Pla Sentis I.) 2 vols, 1215pp. Maracay (Venezuela): Universidad Central and the Soc. Venezolana de la Ciencia del Suelo. ISBN 980 265 924 X.
ISCO-3: Honolulu, Hawaii, USA. (Malama Aina, first to be coined as an ISCO Conference), January 16-22 1983 (Published 1985). Soil Erosion and Conservation (Eds: S.A. El-Swaify, W.C. Moldenhauer, A. Lo). 793pp. Ankeny (USA): Soil & Water Consv Soc. ISBN 0 935734 11 2.
Pre-ISCO-2: Silsoe, UK. 21-25 July 1980. (Published 1981). Soil Conservation: Problems and Prospects (Ed: R.P.C. Morgan). 575pp. Chichester (UK): Wiley. ISBN 0 471 27882 3.
Pre-ISCO-1: Ghent, Belgium, 27 February to 3 March, 1978 (Published 1980). Assessment of Erosion (Eds: H. De Boodt and D. Gabriels), John Wiley and Sons, Chichester (UK). ISBN 0 471 27899 8.
Table of Contents
Editor Contact Information ii
Disclaimer and Citation Format iii
Sponsors, Cooperating Organizations, and Financial Sponsors iv
Conference Planning Committee v
Previous ISCO Meetings and Publications vi
Preface vii-viii
Keynote: Opening Welcome to the Meeting Mark A. Nearing |
001 |
Keynote: Closing Remarks -- Sustaining the Global Farm -- An Action Agenda Samir El-Swaify |
002 |
Keynote: Achieving Sustainability - The Institutional Imperatives David Sanders |
003-010 |
Keynote: Global Partnerships to Sustain Land Use Bruce H. Moore |
011-014 |
Keynote: Sustaining the Global Farm – A Farmer's View Michael Sutherland |
015-016 |
Saj Sibanyoni |
017-018 |
Funding the Future: Are the Facts Correct? T.F. Shaxson |
019-023 |
Global Desertification Tension Zones Hari Eswaran, Paul Reich, and Fred Beinroth |
024-028 |
How and Why the Brazilian Zero Tillage Explosion Occurred John N. Landers |
029-039 |
Fernando García-Préchac and A. Durán |
040-045 |
Factors that Cause Deterioration of the Land in Province "Los Andes" (North Bolivian High Plateau) Javier G. Villegas |
046-048 |
Important and Controversial Watershed Management Issues in Developing Countries Ted C. Sheng |
049-052 |
Brian G. Sims, Steve J. Twomlow and Jim Ellis-Jones |
053-060 |
Sustainable Soil Management: A Framework for Analysis Jennie Popp, Dana Hoag, and James Ascough, II |
061-067 |
Keynote: Soil Conservation For C Sequestration R. Lal |
459-465 |
Carbon Sequestration in a Plowed and No-Tillage Chronosequence in a Brazilian Oxisol João Carlos de M. Sá, Carlos C. Cerri , Warren A. Dick, Rattan Lal, Solismar P. Venske Filho, Marisa C. Piccolo , Brigitte E. Feigl |
466-471 |
Erosion Effects on Soil Organic Carbon Pool in Soils of Iowa J.M. Kimble, R. Lal, and M. Mausbach |
472-475 |
Soil and Crop Management and the Greenhouse Gas Budget of Agroecosystems in Canada R.L. Desjardins, W.N. Smith, B. Grant, H. Janzen, S. Gameda and J. Dumanski |
476-480 |
D.C. Reicosky |
481-485 |
Stephan J. Wirth |
486-493 |
V.A. Akala and R. Lal |
494-498 |
Land Use Effects on Soil Carbon Pools in Two Major Land Resource Areas of Ohio, USA A. Lantz, R. Lal, and J. Kimble |
499-502 |
Carbon Concentrations and Transport in Sediment Leaving Small, Cropped Watersheds L.B. Owens, R.W. Malone, G.C. Starr, and R. Lal |
503-508 |
Anne N. Williams, Mark Nearing, Mike Habeck, Jane Southworth, Rebecca Pfeifer, Otto C. Doering, Jess Lowenberg-Deboer, J.C. Randolph, and Michael A. Mazzocc |
509-515 |
See also: | |
Potential of Conservation Tillage to Reduce Carbon Dioxide Emission in Australian Soils H.B. So; R.C. Dalal; K.Y. Chan; N.M. Menzies, and D.M. Freebairn |
821-826 |
The Mississippi Delta MSEA Program S.M. Dabney, R. A. Rebich, and J.W. Pote |
1094-1110 |
Linking Intensive Monitoring Sites to Conservation Planning J.L. Hatfield, P. Heilman, and M. Adkins |
1101-1105 |
Cooperation Between USDA and Bulgaria in Agro-environmental Water Quality Programs Dimitar Stoichev, Marvin Shaffer, James Starr, Jerrell Lemunyon, Dimitranka Stoicheva, Milena Kercheva, and Venelina Kolev |
1106-1111 |
Comparison of Root-Water-Uptake Models K.Y. Li, R. De Jong, and J.B. Boisvert |
1112-1117 |
Gregory P. Stanton |
1118-1127 |
Spatial Patterns in Water Use Efficiency Created by Intensive Cultivation on Semi-arid Hillslopes Bas van Wesemael, Mark Mulligan, and Jean Poesen |
1128-1133 |
Rationally Utilizing Water Resources to Control Soil Salinity in Irrigation Districts Fang Sheng Chen Xiuling |
1134-1138 |
Water Conservation, Harvesting and Management (WCHM) - Kenyan Experience Kithinji Mutunga |
1139-1143 |
Water Balance Components in the Canadian Mixed Wood Ecozone R. De Jong and K.B. MacDonald |
1144-1151 |
Jayne Mugwe, Mick O'Neill, Samuel Gachanja, Jonathan Muriuki, and Jack Mwangi |
1152-1157 |
Erosion Control by Amending Soil with Synthetic Gypsum B.H. Wallace, L.D. Norton and R. Woodward |
1158-1162 |
Multiscale Simulation of Land Use Impact on Soil Erosion and Deposition Patterns Helena Mitasova, Lubos Mitas, and William M. Brown |
1163-1169 |
Supplemental Documents


text:
Kelsey Seiler
09/14/2012 Illinois Wins Intercollegiate TitleTwelve Orange and Blue runners set personal-bests 04/14/2012 Brooks Highlights Tom Botts Invitational for IlliniJunior collected three runner-up performances 04/13/2012 Orange and Blue Set for Tom Botts InvitationalMeet to be held at Audrey J. Walton Stadium on Saturday 03/31/2012 Illini Wrap Up Competition at EIU Big Blue ClassicThree Illini set meet records on final day AT ILLINOIS Cross Country 2010 XC - Sophomore 2009 XC - Freshman -- 2012 Track and Field Indoor: Set a career-best mile time of 5:17.66 at the EIU Friday Night Special ... Finished sixth at the Illini Open in the 3,000m ... Also ran the 1,500m. 2010 Track and Field Indoor: Placed second in the 3,000m with a personal best at the Illinois Intercollegiate (10:37.28) ... Finished sixth in the 3,000m at the EIU Friday Night Special (10:38.07) ... Ran a personal best in the mile at the Carle/Health Alliance Classic (5:23.74) .. Also ran the mile at the SASF Invitational (5:28.02). High School Personal Seiler's Personal Bests Track Indoor Updated November 2012 |


text: The TowPlow Goes Double-Wide on Snowy Streets 1Andrew Tarantola and 66 othersEditDelete InviteInvite manuallyPromoteXDismissXUndismissBlock for gizmodoHide No, this snow truck is not jack-knifing, the trailer is supposed to do that. It's the TowPlow and it clears snow-bound lanes in a flash. Are you listening Seattle? » 1/18/12 11:30am 1/18/12 11:30am


text:
Click the links below to view information about facilities for this park and their associated fees.
Visit the reservations website for a complete listing of available facilities.
All Facilities with Fees
Checkout time is 3:00 pm.
Firewood is available for sale during posted staff evening hours at contact station.
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The Motley Fool Discussion Boards
Previous Page | |
Hobbies & Interests / Astronomy |
Subject: Re: Most Memorable Observations | Date: 2/13/2002 5:57 PM | |
Author: TMFOrangeblood | Number: 144 of 1810 | |
To help us get to know each other, I'd like to know what everybody's most memorable observations are... Katarina Witt, 1984... oh wait, you probably already saw that commercial. Seriously, I've been a bit snakebitten when it comes to good stuff like the Leonids. I woke up at 4 a.m. and *tried* to drive out from under a dense fog, but couldn't. --The lunar eclipse a few years ago was pretty good --Comets Hyakutake and Hale-Bopp --Saturn through a crappy telescope --Many years ago (early 80s), I got to see a good mid-day solar eclipse in Texas I'll soon have a nice 8-inch Newtonian (see next post), though, and I'm sure I'll be able to add greatly to this list. 3. Uranus in binoculars, 1995 Nice! Is this possible under less-than-ideal skies? I live about 30 miles outside of D.C., and it's not too bad, considering. orangeblood |
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Pronunciation: /ˌamfəsˈbēnə/
Definition of amphisbaena in English:
A legendary serpent with a head at each end.
Example sentences
- The Chichester Cathedral misericord of the amphisbaena is shown to be a memento mori by the surrounding carvings.
- Adventurers fighting an amphisbaena need to be doubly careful, since both heads are capable of attacking and even swallowing assailants with ease.
- Leonardo Da Vinci wrote accounts about the amphisbaena as a living creature, giving details on how the serpent caught rodents as prey by confusing it with its two heads.
Definition of amphisbaena in:
- British & World English dictionary
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Aug 8, 2011
TTXGP North American Championship Will Conclude Sept. 3-4 At Miller Motorsports Park
© 2015, Roadracing World Publishing, Inc.
(This original, copyrighted material may not be copied, cut and pasted, published or otherwise reproduced in any way in any medium, which means, don't post this on another website or BBS. If you want somebody else to see this, send, share or tweet a link or post a link to this page.)
TTXGP confirms North American Final 2011 at the Miller Motorsport Park in association with the AMA Utah Sport Bike Association (UtahSBA)
TTXGP, the world's premier electric motorcycle championship is pleased to bring the North American Final 2011 to Miller Motorsports for the Labor Day weekend, Sept 3/4, 2011. A thrilling finale to the 2011 US season and qualification to the TTXGP World Championship Final 2011.
In partnership with the Utah Sport Bike Association (UtahSBA), the FIM North American Union/AMA sanctioned TTXGP North American Final will crown the national champion for 2011.
The TTXGP North America 2010 champions returns to defend the title but face considerable competition from Brammo who are currently leading the championship points table. 2010 champions, Lightning motorcycles team boss Richard Hatfield commented, "The Lightning team is looking forward to defending our title. We were on the podium in the last round at Laguna Seca despite having had the bikes back in the US only ten days prior and having just one-track session to prepare. We are excited for a rematch now both the TTXGP and TTX75 bikes are dialed in, and looking forward to the race."
"UtahSBA is honoured to have the TTXGP racing with us. They're breaking into new areas of motorcycle technology that will likely define the future of our sport, and it will be exciting to see them in action. We think the teams will find Miller Motorsports Park a fantastic, world-class circuit and facility," said Kory Cowan, UtahSBA.
"We are pleased to build on the success of Laguna Seca and to give a thrilling final to the TTXGP 2011 season at such an iconic location" said Azhar Hussain, CEO of TTXGP "Our thanks to the all the partners involved in helping us making this happen and we look forward to being hosted by UtahSBA and crowning a TTXGP North American Champions 2011."
You can catch all the action on Speed2 in September. Follow us @TTXGP for the latest info and updates from the weekend.
The action concluded this weekend at Assen, with Round 3 of the TTXGP Euro Championship 2011 when a guest MotoGP rider Japser Iwema took to the TTXGP field on a 60,000 strong weekend as part of the new Gamma Racing Cup. Round 4 will be in Karlskoga, Sweden on Sept 3/4. Our penultimate Australian round will be over the same weekend at Wakefield.
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HP Announces Veer
Replying to: Yawn by landmarkcm
landmarkcm said:
no flash on the camera=fail and I dont like my phones too big but this is just too small like credit card small come on that is uncomfortable to talk on. I don't think hp is making strong enough moves here to thrive
lmao...i read that article and thought "yawn" and i click to comment and saw this post. awesome and i concur. hp doesn't have a single clue on making a GOOD smartphone. get somebody from the real world to help design your phones. this is pathetic.
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We've not had 4 new releases in the Top 10 since week 13 this year (with the launch of 'Zumba Fitness' on Wii and multi-format titles 'Shift 2: Unleashed', 'Tiger Woods PGA 12' & 'WWE All Stars'), but this week even sees 3 new titles within the Top 5.
Debuting at No1 is Deep Silver/Koch's highly anticipated 'Dead Island' for 360/PS3/PC from Polish indie developer Techland (also recently in the charts with 'Call of Juarez: The Cartel' 360/PS3-PC version new this week). Debuting at No2 is THQ's 360/PS3/PC 'Warhammer 40,000: Space Marine' from THQ Dawn of War/Company of Heroes studio Relic. Interestingly, PC retail sales for 'Space Marine' are higher than those for 'Dead Island', which may have something to do with the fact that the THQ title was not available on the UK Steam site at launch. Ubisoft's 'Driver: San Francisco' drops 1 place to No3 (-6%), whilst new at No4 is Sony's 'Resistance 3' for PS3, developed as usual by Insomniac and is the first in the series to feature 3D and Move support. Last week's No1, Square-Enix's 'Deus Ex: Human Revolution' drops to No5 (-60%) and the final new release within the Top 10 is Nintendo's 'Star Fox 64 3D' for 3DS, debuting at No9. Also new this week is EA's 'NHL 12' at No12 and Kinect PEGI 18 horror 'Rise of Nightmares' from Sega at No37.
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8th May 2009, 02:51 AM | #1 |
Join Date: Sep 2008
Nelson, I have noticed that you are fond of using transistors as opposed to valves. I also heard a valve amp designer say that he used them purely for marketing and that there was no difference.
I do not know the truth of the matter. What is the bottom line? I'm not asking whether they sound different but whether we can make an amp sound a given way using valves or transistors? What are your views on this Nelson? |
8th May 2009, 05:50 AM | #2 |
diyAudio Member
Join Date: Oct 2003
Location: CT
8th May 2009, 11:57 AM | #3 |
Join Date: Sep 2008
really what
8th May 2009, 01:34 PM | #4 | |
diyAudio Member
Join Date: Aug 2002
Location: Sofia
Re: Valves
Now this is a lot more amusing than most things one reads here. Is this "designer" real? |
8th May 2009, 02:35 PM | #5 |
The one and only
I suppose there is a designer who might use tubes purely for
marketing, but I'm not sure I would want to own his product. |
8th May 2009, 02:56 PM | #6 |
diyAudio Member
Join Date: Jan 2003
Location: ancient Batsch , behind Iron Curtain
there is slight hint from darkest gangways of my memory ........ that designer is Tim de P.
my Papa is smarter than your Nelson ! clean thread; Cook Book;PSM LS Cook Book;Baby DiyA ;Mighty ZM's Bloggg;Papatreasure;Papa...© by Mighty ZM |
8th May 2009, 03:00 PM | #7 |
Join Date: Sep 2008
Yes he is a real designer and surely one of the best.
Quote from http://www.ear-usa.com/timdeparavicini.htm ''I don't have to use tubes in my designs; I only do it for marketing reasons. I've got an exact equivalent in solid state. I can make either type do the same job, and I have no preference. People can't pick which is which. And electrons have no memory of where they've been! The end result is what counts.'' The trouble is there are many people who would disagree and refuse to use any amplifier containing transistors. |
9th May 2009, 05:35 PM | #8 |
diyAudio Member
Join Date: Sep 2005
Location: london
I use to think there was a big difference but having now built and used the F5 and PD's gainclone I am no longer that sure. Indeed the audionote 300b valve amps with all their big mumetal transformers were to my ears starting to sound less 'valve like'.
9th May 2009, 08:33 PM | #9 |
The one and only
''I don't have to use tubes in my designs; I only do it for marketing reasons. I've got an exact equivalent in solid state. I can make either type do the same job, and I have no preference. People can't pick which is which. And electrons have no memory of where they've been! The end result is what counts.''
I can't make the same statement. I don't see them as exact equivalents. I do, however, understand that it is very difficult to overcome the biases of many tube lovers. I don't usually direct my efforts at people who have a lot of device prejudice. |
9th May 2009, 09:32 PM | #10 |
diyAudio Member
Join Date: Aug 2008
Location: Oslo, Norway
More fuel to the fire?
Hello from Munich!
It's the annual AES Europe convention just now. And tomorrow there's a paper that looks quite interesting. I quote from http://www.aes.org/events/126/papers...n.cfm?code=P27 P27-8 Subjective and Objective Evaluation of the Audio Vacuum-Tube AmplifiersAndrzej Dobrucki, Wroclaw University of Technology - Wroclaw, Poland; Stanislaw Maleczek, Military Institute of Engineering Technology - Wroclaw, Poland; Maurycy Kin, Wroclaw University of Technology - Wroclaw, Poland The subjective and objective evaluation of 5 high-quality vacuum-tube audio amplifiers is presented in this paper. As the reference the professional transistor amplifier has been used. The subjective evaluation has been done by the team of judges as well as with the computer-based psychoacoustic model according with PAQM protocol. The amplifiers sound quality assessed by the listeners is consistent with the one evaluated with the use of the psychoacoustic model. It was found that the best sound quality is obtained by vacuum-tube amplifiers, the worstby the reference amplifier. The results of subjective evaluation are inconsistent with quality assessed by measurement of objective parameters: all amplifiers have comparable quality, but the best is the transistor amplifier because of lowest level of THD+N level. Convention Paper 7806 I'll report back tomorrow after the paper session! |
Thread Tools | Search this Thread |
Similar Threads | ||||
Thread | Thread Starter | Forum | Replies | Last Post |
Which valves for MF CD-T | paultb10 | Tubes / Valves | 1 | 7th October 2007 04:42 PM |
First amp for a new in valves | JORGETronic | Tubes / Valves | 2 | 12th June 2006 01:38 AM |
6sn7 valves | mr l | Tubes / Valves | 3 | 8th January 2005 08:21 AM |
WW2 valves | exurbia | Swap Meet | 0 | 20th September 2003 09:19 AM |
813 valves | slowmotion | Tubes / Valves | 36 | 27th January 2003 11:54 PM |
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Gerald M. Czarnecki CPA |
Age | Total Calculated Compensation | This person is connected to 7 Board Members in 7 different organizations across 9 different industries. See Board Relationships |
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Mr. Gerald M. Czarnecki, CPA, serves as the Chairman and Chief Executive Officer of The Deltennium Group, Inc. Mr. Czarnecki serves as Consultant to Board Governance Services, Inc. He is employed at Rolling Pin Kitchen Emporium Inc. He served as the Chief Executive Officer and President of O2 Media, Inc. Prior to forming Deltennium, he had a broad career as a Corporate Executive including: Chairman and Chief Executive Officer of Honfed Bank, President of UNC Inc. and ...
Corporate Headquarters4006 Venture Court Phone: 614-771-2777Columbus, Ohio 43228 United States Fax: -- Board Members MembershipsDirector Director Director Director Director 2003-2010 Former Director, Chairman of Audit Committee, Member of Nominating & Governance Committee and Member of Compensation & Stock Option Committee 2008-Present Chairman, Ex Officio Member of Audit Committee, Ex Officio Member of Governance & Nomination Committee and Ex Officio Member of Compensation Committee 2015-Present Lead Independent Director, Member of Nominating & Governance Committee, Member of Compensation Committee and Member of Audit Committee
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Keers | |
Gender | Male |
Race | Wildhammer dwarf |
Character class | Gryphon Rider, warrior |
Affiliation | Wildhammer clan |
Location | Unknown |
Status | Alive |
Keers is a wildhammer dwarf Gryphon Rider of Aerie Peak. He was one of the three gryphon riders flying with Lieren, the other two's (a wildhammer dwarf male and a wildhammer dwarf female) names being unknown. Later, after the four of them had landed, they got a place near elder Mastran's side, to listen to one of his stories.
Later, when Lieren, frustrated, left the room, he followed her and tried to console her, since she didn't feel like part of the Wildhammer clan, but, after a while, Kardan appeared and sent him back inside.
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Winnipeg Free Press - PRINT EDITION
Posted: 10/12/2013 1:00 AM | Comments: 0
Nearly four decades after The Shining, Stephen King's third novel, hit bestseller lists, his constant readers won't have to dust off their copies for a satisfying read from its sequel, Doctor Sleep.
But those who remember the horrors of the ghost-plagued Overlook Hotel and the Torrance family's nightmare with alcoholism, violence and slime-dripping ghouls should be warned: a lot has changed in 36 years.
In his author's note, the insanely popular American novelist explains that he always wondered what happened to little Danny Torrance -- nicknamed "Doc" by his parents -- and what would have happened if his father Jack (infamously played by Jack Nicholson in the Stanley Kubrick film) had had an Alcoholics Anonymous intervention. King's own experience with alcoholism informed the story, as he has discussed in recent interviews.
Well, little Danny became an alcoholic, too. Trying to drown his past and his "shining" -- his psychic gift -- in booze, adult Dan hits rock bottom when he fails to stop a child from being abused. The scene haunts him throughout the novel.
Booze-free after an AA intervention, he becomes known as "Doctor Sleep" at a palliative care hospice because of his strange ability to help people die without fear.
While Dan finds sobriety, Winnebago-driving seniors, really a community of ancient demons called the True Knot, scour the country for children with the shining to torture to death, inhaling their shine as "steam."
They discover a gold mine in Abra Stone, a 12-year-old of immense psychic power. Unaware of her telepathic connection with Dan, they think her easy prey, but get the surprise of their millennial-long lives in a final showdown on the former site of the Overlook.
Apart from some references to The Shining to fill in Dan's history, Doctor Sleep is different. For one thing, King's RV-driving monsters fail to scare -- unless we're used to him after 56 novels.
For example, the True's true faces are no scarier than the stretched mask from the Scream film franchise.
Dialogue between the web-surfing teenaged heroine and her would-be killer, the True's commander in chief, Rose the Hat, is uninspired: "If you run, I'll find you. And when I do, you'll scream for hours before you die."
"I won't run," the girl said. "And we'll see who does the screaming."
Other dialogue drags on indulgently. As with much of King's later works, a common fault here is the lack of an editor's blue pencil.
Doctor Sleep is not so much formulaic as it is part of King's fictional universe. King writes in his 1981 non-fiction book Danse Macabre that what makes monsters in fiction so fascinating is we know they're not real: the zipper running up the back of the thing from the black lagoon confirms it's just a guy in a rubber suit.
Monsters without that comforting zipper are more terrifying because they are real: alcoholics, child or spouse abusers and highway kidnappers. But in his universe, King can play vigilante and give his heroes magic powers to stop the monsters.
Doctor Sleep follows suit: a west-bound journey culminates in a battle between good and evil, with a flawed hero and a gifted child (think Firestarter and Salem's Lot) working together to defeat these monsters.
Winnipegger Christine Mazur's copy of The Shining is inscribed with "Christmas greetings, from Auntie Kathy." Every page of her copy of Salem's Lot is covered with notes for her master's thesis in English literature.
Republished from the Winnipeg Free Press print edition October 12, 2013 A1
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