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Howdy folks and happy Saturday! Great comments last week!
It's been a helluva time around here. I was four or five weeks ahead on my blog posts and barreling ahead on the last act of my fourth novel when the fickle finger of fate intervened yet again. Four weeks ago, my stepmom fell ill and within days she was in hospice. She passed peacefully, surrounded by her children and grandchildren, the Monday after Easter.
I've faced a LOT of death in my life. And just in the last five years, my wife and I — between our two families — have lost eight people. Four parents, two aunts, a nephew and a grandmother. That's a lot.
The funny thing about death is that it forces you to think about life. And so I've been living out a John Denver song in my head, minus the muppets. "I've been lately thinking about my life's time…."
Over the course of that same five years, I've also become a novelist, become represented, landed a five book contract and written four books of a five book series and a handful of short stories, novelettes and novellas. Not bad for a kid from a trailer.
And over the course of that SAME five years…well, nearly three…I've become a parent to two of the most amazing human beings I've ever studied in the wild.
Now, we all knew it was going to be a pretty full plate. We didn't know about the losses and all that they would bring to the party. And we didn't expect Nature's grand twofer deal but all in all, we've fared well. Lots of goodbyes and some very important hellos. I'm really glad I waited to have kids, despite the energy trade off of being 44 and a new Dad. I've had time to gain perspective about life…particularly through the lens of all the losses. It's made it even more clear to me that the most important investment of my time, resources, energy are my daughters.
And its made it even more clear to me that I work too hard. I have an amazing dayjob working with great people, but even with my hours reduced to 32, it equates out to 11 hours days once I count my commute. What could I do with that 11 hours?
A lot. I could get back to the balanced life I believe is best for us humans, including that family time. I could get adequate sleep and rest. Maybe get time to read a book every week. And with better rest and sleep and more focus, my output will increase. My introverted needs will also be better met, cutting out all of the "peopling" that is a part of my dayjob, leaving me with the energy to take on teaching a few night classes per year at one of our nearby community colleges.
So we've been talking a lot since January about a Trailer Boy Strategy for Becoming a Full Time Writer.
And today, I'm going to share that strategy with you.
My goal is to be a full time writer by September 2014, when the girls go into Kindergarten. I have two years and some change to get there, give or take. Here are some factors that should make that possible:
1) I have a working spouse. This can't be over-emphasized. I think barring unusual circumstances (like runaway bestsellers and blockbuster movies), most writers either need dayjobs, working spouses, or some other form of income or savings over the course of their careers and certainly at the beginning. The writing by itself can certainly make money, but it takes time and it trickles in from a lot of different rivers. And there's no health insurance for writers typically unless you pay for a plan of your own or have someone working with benefits. So going full time for me hinges on Jen's career and the benefits tied to it.
2) I have two little people who will no longer need daycare. It's the cost of a mortgage basically. And since a big part of going full time as a writer is about getting more time with my kids, I don't mind the idea at all of being the Dad-on-duty who gets them to and from Kindergarten.
3) I have a series that earned out the advance for all five books by the time the third book was in hardcover for a few months. So I'm already getting royalties — not tons but it'll grow as I finish the series (there are spikes in numbers for each book that comes out — domestic and then my share of the foreign rights advances.) And if you know anything about advances, you'll realize that I also still have advance money due from Tor — they come to us when we turn in a book and when the book comes out. So I have committed revenue over the next two years from those advances as I finish the series.
4) I'm nearly finished with my series, which means within the next year I'll be figuring out a next project and, whenever the time is right, ideally landing a contract for it. I know whatever I do will be a slightly smaller project than five books, but I do like writing in multi-book series. And because the Psalms of Isaak is enjoying some relative success (not huge numbers but the fans who love it are verbal about it and it's gotten a lot of critical acclaim) I hope to tap that success by including at least one P of I related book in whatever my next pitch is.
5) Under relatively normal circumstances I have good work habits and discipline. I know how much I can write when my brain isn't fogged with grief or exhaustion and I have a plan for diversifying my writing business into other mediums beyond books and short stories — and to add teaching occasionally to my list.
So with all of that in mind, our plan over the next two years is to reduce our debt load to a place where, without the debt and without the daycare bill, we can afford to have me home spinning tales (and cash) out of my imagination. Our goal is get two years of operating revenue into the bank so that I have a runway to work from and then…off I go into the Wild Blue Yonder!
Now, the best laid plans of mice and Ken are just that. I've learned enough from the last five years to know that plans can and will be interrupted by life (or death) as often as not. But this is the goal and direction I'm setting. I think it's solid.
So here's the part where you can help: Buy my books.
Next week is theme week here at Genreality and it's on…blogging! By then, I also might be done with Requiem. Woot!
And now, I'm going to meditate and reflect upon my soon-coming trip to the Scappoose Cinema 7 to see Avengers in 3D.
Avengers…assemble! Trailer Boy out.


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Our durable 3/8" clear acrylic templates will not warp or distort. Glue up your left over wood scraps of various wood species to create beautiful patterns and colors. The instructions include examples on how to build and modify your designs.
We recommend using natural food safe Wood Preserve Oil to safely finish your project. The Collet Extension is required to make extra deep bowls but is also useful whenever your general woodworking requires extra deep cuts.
We also suggest the optional large mounting plate (#415-0503) used to support your router over the large recessed openings and our 6 oz. Porcelain Ramekins (#401-8315) to bake and serve dips, appetizers, main courses and other treats with your homemade bowls & trays.
Note:To accomplish the unique smaller detail of the Spade, Club and Diamond templates, our 3/4" bowl & tray bit (#144-1205B) is required. The collet extension will not be used with this bit. For our Heart template, we used the larger 1 1/4" bowl & tray bit (#144-2005B). The collet extension was used according to our instructions with this bit.
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Bear Weeks at the Beach
As local lore has it, the proprietors of Provincetown, Mass., love ''Bear Week.'' These are, after all, men who love to eat, drink and be merry - not tourists who avoid food, bars and everything else that comes with a tourist-town price tag.
As Stephen Lambeth puts it: ''Dance, eat, drink, sleep, repeat. It's got everything you need for a vacation: bars, shows, whale watching, boating, beaches, shopping, ice cream, tea dances....''
Lambeth ought to know. The New Jersey-based bear has been a loyal Bear Week attendee for nearly a decade, and now maintains the Bear Week group page on Facebook. And when it comes to events, Provincetown offers plenty more than lounging by the pool or dipping your toes in the Atlantic. As Lambeth mentioned, P'town has shows - an oddly rich variety of them for a town its size.
This summer, for example, you might take in Kate Clinton one night, Audra McDonald the next, then Miss Richfield 1981 or Joey Arias & Raven O. And that's just taking in the tip of the iceberg. The week's hosts, the Provincetown Bears, detail all the shows, accommodations, dances, tickets and more at ptownbears.org.
At this point, it will already be tough to find accommodation for the week, running July 13 to 21, though certainly not impossible, Lambeth assures. He's regularly scouring the P'town offerings to post updated availability for his Facebook group. But while he's sure there's still room at the inns, that may not hold for the entire week, forcing some Bear Week wannabes to split their time at different locations.
This likely isn't a concern for the initiated, who often reserve the following year just as they're packing up to head home at the end of a Bear Week. But for those newbies just now making their way, Lambeth - sort of the unofficial mayor of P'town during Bear Week - has plenty of advice to offer. For example, ask Washingtonians how they get to Provincetown and you'll usually hear details about flying to Boston, then heading to Boston Harbor to catch the ''Fast Ferry'' for the 90-minute ride to Provincetown. A few will go the whole way by air, transferring in Boston to Cape Air for the half-hour flight.
Lambeth's advises a different route.
''For D.C. folks, I suggest flying to Providence (R.I.) and driving up the cape. It's probably cheaper or equal,'' to making the trip via Boston, he says, comparing the ferry or second flight to the week's car rental. ''It's a very pretty drive along the south coast of Massachusetts. And a car is good for side-trips.''
The practical aside, Lambeth is more excited about offering tips on just having fun.
''Don't miss the tea dance at Boatslip Resort,'' he insists. ''You should do it at least twice - or three times. Go to Spiritus Pizza at least once after the bars close - that's a ritual. Our early afternoon ritual is to go to the pool bar at Crown & Anchor. If you're up to it, climb the tower at least once.''
Lambeth has one ritual, however, that's really all his own: ''My favorite thing to do my first day there is to walk down Commercial Street and 'belly bump' someone I don't know.'' He follows that with a bloody mary and the tone for the week is set.
While Lambeth is dreaming of his Provincetown Bear Week to come, Lee Castillo is busy pinning down the final details to the new Bear Week on the block, Ogunquit Bear Week, presented by Ogunquit Maine Bears, making its debut July 6 to 13.
''It's really beautiful, very gay-friendly. The beach is easily accessible. It's just amazing. And it's so much less expensive than Provincetown. I was surprised there wasn't already an event,'' says Castillo, who lives in Alexandria. ''While I was there on vacation, I met some of the guys there, bears, and I pitched this idea to them.''
Thanks to Castillo's effort - and the efforts of his Bear Week recruits - the week is shaping up nicely, anchored at the Admiral's Inn Resort, and with a full slate of events.
''It's going to be a lot of fun. Tom Goss is going to be performing. There will be a Bearracuda event, a Growl'r event,'' Castillo shares. Notably, if you miss D.C. hometown favorite Goss in Ogunquit, you can catch him the following week performing for the bears in P'town.
As with Provincetown, getting to Ogunquit requires a bit more planning than hoping a plane from Point A to Point B. Castillo recommends flying into either Boston or Portland, Maine, and renting a car for the drive to Ogunquit, about an hour.
However the bears and bear lovers make it to Ogunquit, Castillo is determined to make this new bear week a success.
''This event is my baby,'' he says. ''I want the people of Ogunquit to be successful. These are wonderful people who worked their butts off to get marriage equality in Maine [in late 2012]. They are looking forward to this week being a celebration of that. And what a great way to show off their town.''
For more information about Provincetown Bear Week, visit ptownbears.org. For Ogunquit Bear Week, visit ogunquitbears.org


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(based on 54 reviews)
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"Simply Beautiful.
By Crafter Jeanne
from Baltimore, MD
About Me Budget shopper
Comments about Personalized Patriotic Eagle Garden Flag:
Says FREEDOM, to an American...just by seeing the Flag & Eagle!
Bottom LineYes, I would recommend this to a friend
Was this review helpful? Yes / No
- You may also flag this review
The 1st one lasted over a year!
By Tourists at heart
from Everywhere
About Me Midrange shopper
We live full time in our motorhome & travel the country. This lets our camping neighbors know who we are.
Garden Flag
By DW
from Rock Hill
Wish the name was on both sides
Items purchased
By Sherry
from Griswold Ct
Using in front yard.
I love this!
By Jim
from Whiteland Indiana
My wife loves this.
Personalized Patriotic Eagle Garden Flag
By smokey the cat
from Palm Springs, CA
Very satisfied with the flag & nice to have ourfamily name on it
Very nice partriotic flag
By lou g
from San Antonio
I bought this as I'm a retired USAF Vietnam veteran, having served almost 28 years. Being patriotic, I enjoy items like this to display. In my case, I entered my rank and name. It came out great. Unfortunately the holder was out of stock so I haven't displayed it yet.
Purchased for friends
By pgolfer
from Georgia
Purchased for friends who are retired military. May order an additional one for family member who has the garden flag stand.
Was a great gift for my Navy Veteran Dad
By Zhardy
from Millbury, MA
He loved the patriotic flag. As soon as he got it he set it right up.
(1 of 1 customers found this review helpful)
great flag
By artmom2
from Lancaster,ca
this is a great flag for having in the yard. Our neighbors like it too. thanks.


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Ann Taylor Colorblocked Perforated Leather Clutch
With its bright, perforated body, this smart clutch offers a chic study in contrasts. It's perfect for revitalizing a less bold ensemble or adding a pop of color to anything neutral. What better way to introduce a splash of blue to your look next season?
$118 at anntaylor.com


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Yahoo no longer honoring 'Do Not Track' requests from browsers
05/04, 12:55pm
Search engine turns focus from privacy concerns to personalization
Last week, Yahoo announced that it would no longer be honoring Do Not Track requests from browsers accessing the search engine and associated services. The move comes as the company attempts to provide a more personal experience to users, bringing policies in line with other companies that ignore Do Not Track requests such as Facebook and Google. This comes as a reversal to previous statements made by the company, which claimed to be "the first major tech company to implement Do Not Track."


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The term Digital Edition has been applied to almost any work (book, picture, music recording, film recording) prepared in a digitized form. For Adobe, the compound term means, "part of the end-to-end Adobe eBook platform for authoring, protecting, and delivering eBooks across devices." And the essence is the eBook. While it might be nice to have integrated multimedia offerings, like St Augustin looking for chastity - not yet. And although the Adobe digital edition is a popular format in the sense that (it is reported that) it can be converted readily into Adobe PDF format (epub to pdf). In fact it would appear that Wikipedia lists several methods for removing the ePub DRM security (Adept) from Adobe digital editions and its derivative formats, which include Barnes & Noble and Sony. Hidden under the banner of the more proprietary possibilities was support for the 'standard' ePub format (a definition of book formats using XHTML rather than HTML) which might, had the overall project been more successful, have been advanced. During its relatively short life so far (at least, as compared with physical books) Adobe digital editions have gathered a number of adherents, and copies in this format are still being sold at the time this article was published. So it seems that the failure of the DRM technology itself has not completely prejudiced the market against the Adobe digital editions format. The current version (March 2011) uses Adobe Content Server 4 as the host management system, but as recently as December 2010 available hacks of the ePub DRM system were reported to be working successfully. So it seems that it is difficult to obtain a secure epub document, and epub security continues to be problematic. ePub DRM is not specifically related to the XHTML definition although it was always anticipated (at least by OASIS, who produced the standard) that SAML would be used. But epub DRM has not gone down that route, and anyway, SAML was not designed to provide ePub DRM because it did not seek to control use of information, just access to it. The concept behind Adobe digital editions, to be able to publish ebooks in a 'standard' format (ePub ebook or PDF ebook) and have them reproduced faithfully on a wide number of different platforms, is very good. But the implementation of ePub DRM has not had a similar success. ePub DRM has not proved to be effective, and whilst Adobe digital editions will continue to be used it may be some considerable time before effective ePub security is achieved.
Choosing the format you publish in (ePub or PDF) is very important. The ePub format (XHTML) was developed specifically for Internet publishing. It is much lighter than PDF, so it is better suited to smaller devices, but it lacks the cross-platform consistency of appearance (form and format) of the PDF and many subtler controls. ePub DRM is also not as effective as PDF DRM security due to its implementation and poor key management.
If you are looking to convert ePub to PDF format then there are many freely available ePub to PDF converters such as: http://www.epubmaker.net/convert-epub-to-pdf.html http://www.epubtopdfconverter.net/http://www.convertfiles.com/convert/ebook/EPUB-to-PDF.html You can also convert PDF to ePub format using converter tools such as: http://www.pdftoepubconverter.net/
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Customer Reviews:
Reebok 11K Hockey Helmets w/Cage
Comments: The Reebok 11k helmet has had that custom fit to my head from the first time I put it on. Along with the comfortable foam pads on the inside, the straps from the chin strap tighten with each time you put on the helmet, making it both simple to put on, and remove for maximum comfort. The helmet also has a notch in the back that tightens all throughout the helmet to your liking. I personally like this because you do not want any extra wiggle room in any of your gear, let alone when you're dealing with your head. With all my years playing hockey, I have never had a helmet that fits my head as good as this. Definitely worth the money, for the safety and protection to the most important body part in your game.
From: Spencer, OH
Comments: Solid helmet. Super comfortable for pretty much any size/shape head. Fell back & hit my head pretty hard once & the helmet definitely did its job. Worth every penny. However the cage doesnt have the best vision. Once I replaced it with my Bauer 7500 true vsion though it was a perfect helmet.
From: Brook, CA
Comments: This helmet is just awesome, I bought this to improve on the piece of junk I had before as I was getting very shook up when I got checked. Now with this brilliant helmet I can hardly feel a thing. I love the way it fits on my head I love the visability of the cage and it looks so slick too!!!!
From: Sam, England
Comments: Awesome helmet! It is very protective and light . One con could be that it fits narrower than the other reeboks and that can cause headaches in the temple region. Besides that it can't be beat!
From: Jack
Comments: The Reebok 11K helmet is fantastic! I've never worn a helmet so comfortable, yet so top of the line, protection-wise. The 360 degree adjustability dial works like a charm for the perfect fit. The chin strap is ultra-comfortable too. Finally, I must mention the 11K cage. The straps can actually be adjusted while you wear the helmet! It's amazing - the simplest ideas really are the best. A great, great helmet. Buy it, you won't regret it.
From: Matt, Des Moines, IA
Comments: This helmet is great. It adjusts to fit like a glove, is light, keeps relatively cool, and feels like it gives great protection. The cage is lightweight, but protects from sticks and pucks. The cage offers remarkable visibility, and the chin rest is fitting and comfortable. I definitely recommend.
From: Steve, UT
Comments: Great helmet. I've gotten knocked around with it and nothing has broke or have i gotten a concussion. Great feel, weight and great cage.
From: Rani
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- SCU Home Page
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For Faculty - DR Proctored Exams
Criteria for Student to Take Exams Administered by Disabilities Resources
• Disabilities Resources continues to administer exams/quizzes to students approved for extended time who require the use of a scribe, are wheelchair riders, use adaptive technology, or require double time due to a dual disability.
• Disabilities Resources will administer exams to students approved for extended time, when there are four or more students requiring extra time in one class section and the professor requests exam administration by Disabilities Resources. These students are required to follow the guidelines established for any student taking an exam/quiz administered by Disabilities Resources. It will be the responsibility of the professor to notify students that there are four or more students taking the exam/quiz and the Test Accommodation Request Form will need to be completed and submitted to D.R. two weeks before the exam/quiz. This time is necessary in order for D.R. to hire proctors.
• It is the responsibility of the STUDENT to contact each professor within the first TWO WEEKS of each quarter to discuss how the approved accommodation of extended time on exams will be managed. This includes discussing the date, time and location of the exams. Students diagnosed and newly registered with Disabilities Resources during the quarter, may need to present a request for an approved accommodation later during the quarter.
• Any student taking an exam/quiz administered by Disabilities Resources must present the professor a memo, signed by a Disabilities Resources staff member approving extended time on examinations/quizzes. Along with this memo, the student is responsible for presenting the professor a Test Accommodation Request Form two weeks prior to the exam date. The professor will need to complete specific sections of this form listing date, time, and other details of the exam.
• Disabilities Resources will continue to negotiate methods to administer exams/quizzes in an emergency situation, when it is impossible for the student and professor to work out how the extended will be managed.


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You live a very busy life, and when you add decorating the house, holiday shopping and making delicious food, your life gets even busier. A hectic lifestyle is a gold-plated invitation for stress, and stress weakens your immune system.
Take care of yourself during this busy season. These simple steps will keep you healthy, without adding to your to-do list.
Wash UpA study at the University of North Carolina at Chapel Hill revealed that the number one way to avoid getting sick is by washing your hands with soap and water. The study showed that after 10 seconds, 90 percent of bacteria on the hands were eliminated. Rinsing your nasal passages with saline not only removes the rhinovirus (leading cause of the common cold), but it keeps things moist, helping to avoid infection.
Travel WellIf you board a plane to visit family, use alcohol-based hand sanitizer to reduce your chance of getting sick by 50 percent. Because airline cabins are dry, stay hydrated to keep your membranes moisturized. Move the air vent so that it hits your chest; this will protect you from being exposed to infection.
Eat Fruit and VeggiesNature's bounty is loaded with vitamins and minerals, providing easily absorbed nutrients that keep your immune system strong. Excess sugar will interfere with your white blood cells' response to invading bacteria, leaving you susceptible to illness.
Sweet DreamsLack of sleep is stressful to your body and mind, making it easy for you to catch virus. Plus, research shows that loss of productive sleep may alter your sense of hunger, which drives you to eat more.
Slow DownIn your busy life, it's important to enjoy the little things, and this naturally slows you down. Sip a cup of jasmine green tea in the morning, and enjoy the floral scent and warm liquid. Curl up with a book once a week, take a brisk walk in nature, or go to your favorite fitness class. Research shows that people under pressure are 75 percent more likely to get a cold.
Get your Bs and CsB vitamins are necessary for normal functioning of the nervous system, and may be the most important factor in maintaining healthy nerve tissue. Taking vitamin C blocks infection, and reduces the duration of a cold by up to two days.
Taking care of yourself doesn't have to add to a busy schedule. Follow these easy steps, and you can enjoy the holidays instead of suffering with the sniffles.
Stay healthy with a nutrition plan.
Judi Sheppard Missett, who turned her love of jazz dance into a worldwide dance exercise phenomenon, founded the Jazzercise dance fitness program in 1969. The workout program, which offers a fusion of jazz dance, resistance training, Pilates, yoga and cardio box movements, has positively affected millions of people. Benefits include increased cardiovascular endurance, strength and flexibility, as well as an overall "feel good" factor. For more information go to jazzercise.com or call (800) FIT-IS-IT.


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Still Photography for Le Relax, Seychelles
The project of still photography for Le Relax in Seychelles is well done after lot of research and analysis of building blocks and various spaces. With the assistance of high grade lenses, advanced camera equipments and the professionals of high expertise; the photographs of Le Relax represent the excellent work done by VOX360.
Apart from still photography, VOX360 has also worked with Le Relax for its 360 degree virtual tour.


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About This Activity
Are you looking to meet new people, workout, or just have fun? Then Pickleball is for you! Come join us on Wednesday mornings for one hour of fun playing one of the fastest growing sports in America. pickleball is a racquet sport which combines badminton, tennis and ping pong all in one and is easy to learn. Instructor Tolland Recreation Staff


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iLuv dock records to iPods and flash cards
updated 04:40 pm EST, Mon January 29, 2007
iLuv video recording dock
iPod accessory creator iLuv today unveiled the i182 recording dock, according to Electronista. Rather than play back content, the i182 records video through its RCA or S-video input and transfers the footage to a storage device, including Apple's fifth-generation iPod. The videos themselves are not immediately playable on the iPod, the company is quick to note; instead, custom software on a host Mac or PC recognizes clips stored on the iPod's drive and converts them to files that synchronize through iTunes. An adapter is also included (shown at left) that plugs into the Dock Connector on the iLuv dock and records directly to SD/MMC cards or any USB external drives.
Recording can be left unattended, the developer says: a button on the dock sets recording time in 30-minute intervals, up to 180 minutes, while the video resolution can be formatted specifically for an iPod's 640x480 resolution or the full 720x480 widescreen resolution of DVDs. The i182 is due to ship in March at a price of $230.


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El Paso County sheriff's deputies on Friday arrested a man on suspicion of having about 51 pounds of marijuana in his car.
About 12:30 p.m., sheriff's Strike Team members were patrolling the 3500 block of Saul Kleinfield Drive when they saw a car turn without signaling, officials said.
After pulling the driver over, deputies said, they could smell marijuana in the car, officials reported.
Deputies alleged that the driver had two cardboard boxes filled with 24 bundles of marijuana wrapped in black tape.
The driver, Cesar Emilio Torres, 20, was arrested on a charge of delivery of between 50 and 2,000 pounds of marijuana and was booked into the El Paso County Jail, sheriff's officials said.
His bond was set at $25,000 bond.
A man who was a passenger has not been charged.
Hayley Kappes
Man, 19, arrested in theft from vehicle
El Paso County sheriff's deputies arrested a 19-year-old man on Saturday on suspicion of stealing items from a vehicle in an East El Paso County neighborhood.
Officials said residents of the 1600 block of Green Pear saw a man looking into the windows of parked vehicles just after midnight.
Deputies patrolled the area and noticed a car speeding out of the area without its headlights on.
Deputies stopped the car, driven by Adrian Rivera.
Officials said they found several stolen items belonging to a neighborhood resident.
Rivera was arrested on suspicion of burglary of a vehicle and booked into the El Paso County Jail.
His bond was set at $1,500.
Alex Hinojosa
Man hospitalized after stabbing
A man was taken to a hospital in serious condition after he was stabbed during a fight with another man, El Paso police said.
Just after 6 p.m. Saturday, two men were fighting in the 4900 block of Pershing when one stabbed the other with a knife and then fled, said Detective Mike Baranyay, a police spokesman.
Baranyay said police have found a potential suspect and are continuing their investigation.
Hayley Kappes
Sheriff's town hall set for Wednesday
The El Paso County Sheriff's Office invites the public to a town hall meeting with Sheriff Richard Wiles.
Wiles will talk about services offered to county residents.
The meeting will be at 6 p.m. Wednesday at the Sheriff's Headquarters, 3850 Justice Drive.
Alex Hinojosa


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Photo ID: 39460
Added: 14. Feb 2005
License: Photocase Basic License
Kamera: Canon PowerShot S30
Ort: Intershop Tower in Jena
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AFI DALLAS festival receives $1m gift
AFI DALLAS International Film Festival has received a $1m gift from Dallas philanthropist Nancy Hamon as organisers plan the second festival in 2008.'This is a significant financial milestone for AFI DALLAS as we continue planning for our second festival,' founder, chairman and festival director Liener Temerlin said.'Nancy Hamon has been the impetus for so much significant work in the community, from the arts to education to medical, to every important discipline ...
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December 2, 2015
Tommy Mitchell, president of the Florida A&M University National Alumni Association, speaks at a news conference with scores of other Florida A&M University supporters Sunday, Dec. 18, 2011, on the steps of Lee Hall, the Tallahassee, Fla. university�s main administration building, to show support for FAMU President James Ammons. FAMU's Board of Trustees is scheduled to meet Monday to consider Gov. Rick Scott's request that President James Ammons be suspended while authorities continue investigating the hazing death of drum major Robert Champion. (AP Photo/Tallahassee Democrat, Bill Cotterell) NO SALES
The attorney for the family of a Florida A&M University band member who died from a hazing incident last fall said Robert Champion's parents are "thankful" that authorities plan to file charges in the case.
Christopher Chestnut told The Associated Press on Tuesday that the charges are "a long time in coming." Authorities said at least five people will face charges in Champion's November 2011 death aboard a bus after a performance in Orlando, Fla.
The charges are expected to be announced Wednesday afternoon.
Chestnut said Champion's family, which lives in Decatur, Ga., is "distraught" they weren't given enough notice to attend the announcement. He said they found out about the pending charges from the media, not Florida authorities.
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Originally Posted by mono
Go with 1:50 and lower temperatures.
HP5+, 400 ASA, 23 min at 16 C.
There is an article (http://home.arcor.de/piu58/fotoweb/a...ze/Rodinal.pdf) about Rodinal development with lower temperatures, but only in German.
That is from me. If you have any questions do not hestiate to ask.
For short: Use Rodinal at 16°C, with longer development time. The factor is around 1.6.
Uwe Pilz
Originally Posted by piu58
That is from me. If you have any questions do not hestiate to ask.
For short: Use Rodinal at 16°C, with longer development time. The factor is around 1.6.
Lower temperatures have no effect on a film's grain size with any developer, nor do higher temperatures of up to about 28-30°C it's a total myth and been proved many times by research at the major film companies.
However because of the free Hydroxide in Rodinal poor temperature control across the process cycle can result in micro reticulation, the hydroxide softens the emulsion, it can be worse at higher temperatures as the swell of gelatin is also temperature related working a lower temperatures can cover up bad technique. The results of micro reticulation which is a surface effect is more apparent graininess in prints and scans, but the actual film grain is normal.
Agfa used to recommend mixing up Rodinal with a weak sulphite solution if you needed to prolong the life of a working solution this also helps give finer grain.
My APUG portfolio
Further reading:http://unblinkingeye.com/Articles/Rodinal/rodinal.html
I have not tried them myself, but other folks have and say they work.
Wow, thank you all for the tips and advice. I couldn't believe my eyes when I checked the thread tonight.
For the record, I like grain. It gives my photo's a look that I like. Just slightly smaller than golf balls would be nice though.
Changing to another film would be a bit awkward at the moment as I just spent 50 quid on a 30m roll of HP5+. Another developer would be interesting though.
Now going to have a read of the links.
"All I ask for is an M5 with a fast lens, a roll of HP5 and a street to shoot her by."
If you're open to changing developers, I will suggest Xtol 1+1 or 1+2. Much less grainy than Rodinal, but with less loss of resolution/sharpness from solvent effects than you would get with D76. You'll also get at least one stop more film speed. It's definitely a different look than Rodinal and you may not like it, but it WILL help reduce the obtrusiveness of the grain. Or you might like it; who knows.
Using Xtol doesn't make the grains smaller, it reduces their intensity. If you think of grain noise as being a wave (variations in density with respect to position), then Xtol reduces the amplitude of the wave, not the wavelength.
on flickr
Analogue Photography and Film FAQ
Open-Source F/Stop Timer (on APUG)
I do think there are probably some "improvement" to be had by switching to XTol, DD-X, D-76, or Perceptol BUT it isn't even close to what a film change would get you AND finer grain means less sharpness, you can have one or the other. Only you can decide which is more important.
So, onward to considering the example shot you provided, why not just step closer to your subject?
Cut the distance by half or 2/3 (with the same focal length) and you have instantly reduced the size of the grain in relation to your subject matter by half or 2/3.
Mark Barendt, Beaverton, OR
"We do not see things the way they are. We see things the way we are." Anaïs Nin
Finer grain doesn't mean less sharpness, in fact it often means better definition and sharpness on a macro level, but a grainy print might have more apparent sharpness from a distance.
Stand development is definitely going to be the way to go here. I'd try 1:100 for an hour. 15 seconds of slow agitation, then swoosh it (like you would a glass of fine wine) three times at the 20 and 40 minute mark. Temperature doesn't matter too much with stand, but keep it in the 20 degree celsius range. I've never done HP5 with stand, but I can imagine it'll work similary to Tri-X.
So Ian, it was my understanding that for a given film, fine grain developers essentially make a slightly softer images than high sharpness developers. For example that XTol used straight would produce finer grain than XTol at 1:4 because at 1:4 it has less solvent effect to smooth the edges. Am I off in that thinking?
Originally Posted by piu58
That is from me. If you have any questions do not hestiate to ask.
For short: Use Rodinal at 16°C, with longer development time. The factor is around 1.6.
How do you agitate?


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- Filed Under
A little angel, Gabriella
Valentina Danniballe was born on Wednesday, January 22, 2014 at 5:30am at St. Luke's Hospital in Bethlehem, PA to Anthony and Tara Scarponi-Danniballe of Stewartsville, NJ.
Gabriella weighed 8lbs 13oz and measured 21 inches long.
Elated and proud maternal grandparents are Vincent and Shirley Scarponi of Lebanon, NJ and paternal grandparents are Tony and Rose Danniballe of Manchester, NJ.
Gabriella's paternal great-grandmother is Angela Danniballe of Middle Village, NY.
Gabriella is also welcomed by her Uncle Mike, Aunt Kristin, Cousin Emily and Cousin Matthew Danniballe of South Plainfield, NJ as well as her Godmother Kimberly Emerick of Whitehouse Station, NJ and her Great-Godmother Debbie Weeast of Pen Argyl, PA.


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Lagat challenges the Chairman in New York - Millrose Games preview
Another Millrose Games victory for Bernard Lagat (Victah Sailer) © Copyright
Both men have won World championships at 5000m (Coghlan in 1983, Lagat in 2007), both have run a mile faster than 3:50 indoors (the second- and third-fastest of all time, respectively), and both have won the climactic event of the Millrose Games, the Wanamaker Mile, seven times. Lagat's attempt to top Coghlan with an eighth win might be the most dramatic event of the 103rd Millrose Games, the first IAAF Indoor Permit meeting of 2010, to be held Friday evening (29) at New York City's Madison Square Garden.
For all his versatility in the sport, Coghlan's most-frequent successes came in the golden days of the American indoor track circuit, when he set three World records at the mile distance (two in San Diego and one at the Meadowlands, in New York City's New Jersey suburbs) and earned the nickname "Chairman of the Boards." Of the many meetings he raced, the only one remaining is Millrose, where the Madison Square Garden track - in Coghlan's day still actually made out of boards - is crammed into an area designed for nothing larger than a hockey rink.
Lagat, who holds the third-fastest indoor mile mark in history (3:49.89, run in Fayetteville, Arkansas in 2005) has not had the same competitive opportunities indoors that Coghlan did, but he does hold the record for the Wanamaker Mile (named for a long-since defunct department store sponsor), 3:52.87 from 2005 (the 98th Millrose Games).
After matching Coghlan's tally of Millrose victories last year, Coghlan suggested that Lagat was now the "co-chairman", but Lagat will face a tough executive challenge before he can claim a title of his own. Beside him on Friday evening's starting line will be the 2008 Olympic gold medallist Asbel Kiprop. Kiprop, all of fifteen years younger than Lagat, may find Lagat's indoor experience the equalizer in New York; this is one chair which cannot be reached through buyout, bailout, or leverage. World Championships silver medallist and defending indoor World 1500m champion Deresse Mekkonnen was scheduled to run but withdrew due to visa difficulties.
World Champions in the short races
The full oval at Madison Square Garden may be challenging, but the 60m straightaway - fit in the arena by temporarily dismantling both banked turns - is as fast as may be found anywhere, and a full field of world class sprinters have lined up to take it on.
There are outdoor World champions entered in both hurdles races, with Perdita Felicien of Canada (2003 World champion) taking on two-time Millrose winner Priscilla Lopes-Schliep in the women's race and Ryan Brathwaite of Barbados, last summer's World champion outdoors, in the men's. Brathwaite will line up against Terrence Trammell and 2009 decathlon World champion Trey Hardee.
In the women's 60m, the unparalleled Veronica Campbell-Brown will return to Madison Square Garden for the first time since she won here in 2006.
Heavyweights in the Shot Put
While the track crew rebuilds the bends after the sprints, World class weight will be thrown around inside the track. Christian Cantwell, Adam Nelson and Reese Hoffa will square away in the men's Shot Put, and though Cantwell is the defending World champion both indoors and out, it was Nelson who walked away with the win last year. Nelson also holds the Madison Square Garden record with a 22.07m toss in 2008 - taking the record from Cantwell - but Cantwell has the season's lead with a 21.32m mark in Nordhausen last weekend. Dan Taylor will round out the four-man field.
Suhr returns to action in the Pole Vault
Jen (Stuczinski) Suhr, the reigning Olympic silver medallist, will return to Pole Vault competition at Millrose as the defending champion this year, after withdrawing from competition in Berlin last summer with an injury. The men's Pole Vault will feature Tim Mack, Derek Miles, and Berlin's bronze medal-winning Renaud Lavillenie of France.
Another World champion on the track will be 2005 400m Hurdles champion Bershawn Jackson, contesting the 600y with Trinidad & Tobago's Rennie Quow. Quow, the bronze medalist in the flat 400m in Berlin, won the Millrose 600m last year, but lost to Jackson in 2007.
NFL stars square off in 'Super 60'
With American football quiet this weekend before next weekend's Super Bowl, Millrose organizers will stage a special "Super 60" on Friday evening. The race will feature a full field of NFL athletes, all with Super Bowl experience, many of whom had their day on the track as collegiate athletes before entering pro football. While several younger stars will hit the track Friday evening, track fans will have their eyes on Willie Gault, part of the USA's World record-setting 4x100m Relay at the first IAAF World Championships in Helsinki 1983.
Gault, who holds masters World records at 100m and 200m, has been credited with a recent mark of 4.27 for 40 yards, a benchmark distance for football players.
Parker Morse for the IAAF
- Another Millrose Games victory for Bernard Lagat (Victah Sailer) © Copyright
- Priscilla Lopes-Schliep of Canada celebrates winning the silver medal in the women's 100m hurdles final in Berlin (Getty Images) © Copyright
- World-leading 22.07m for Adam Nelson at Millrose (Kirby Lee) © Copyright
- Christian Cantwell celebrates his Millrose Games record (Kirby Lee) © Copyright
- Veronica Campbell-Brown takes the 200m at the 2009 Jamaican Champs (Anthony Foster for the IAAF) © Copyright
- Jenn Stuczynski clears a U.S. record 4.82m in Boston (Victah Sailer) © Copyright
- Ryan Brathwaite of Barbados celebrates winning the gold medal in the men's 110m Hurdles final in Berlin (Getty Images) © Copyright
- Bershawn Jackson cruises to the US title in 48.03 (Getty Images) © Copyright


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"We used this card for our little boy's seventh birthday and it turned out beautifully! The card stock is amazing and the pictures looked spectacular. We've always had great service using Tiny Prints. Thank you for such amazing products."
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The Energy & Commerce Committee says FDA Commissioner Dr. Margaret Hamburg will appear before the committee on Nov. 14.
More than 400 people have been sickened by contaminated steroid shots distributed by New England Compounding Center, according to the Centers for Disease Control and Prevention.
Twenty nine people have died. Committee staffers say they have also invited Barry Cadden, co-founder of the compounding center, the specialty pharmacy linked to the outbreak.
The committee has also invited James Coffey, director of the Massachusetts Board of Registration in Pharmacy.
Staffers say they are awaiting replies from Cadden and Coffey.
(Copyright 2012 by The Associated Press. All Rights Reserved.)


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November 27, 2015
A crash shut down the Mountain Parkway in Wolfe County for several hours.
A tractor trailer overturned and spilled it's load near the Natural Bridge exit. The truck was carrying bricks and plastics pipes.
The eastbound lanes of travel were closed for a while but are now back open.
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Signor Bettini
Signor Bettini was an Italian tenor. He toured the United States under Max Maretzek's management in Philadelphia, at the New York Opera House, and Castle Garden, in 1851. The tenor sang the roles of Sir Edgardo di Ravenswood, Otello, and Fernando. During the 1851-52 season, Bettini performed at the Astor Place Opera House in "La Favorita," "Lucia" and "Lucrezia Borgia." The singer, with several members of Maretzek's company, left their manager to join the Artists' Union Italian Opera Company and perform at Niblo's Garden. The move caused bitterness on both sides. Here Bettini poses, sporting a checkered vest, at the Elliott & Fry studio in London.
- Date:
- 1870 circa 5 years
- Original Format:
- Carte de Visite
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- Elliott & Fry (London)
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- 1234px
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- 752px
- download hi-res watermarked image
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If your project requires an image at higher resolution, please contact us (be sure to include item number). Custom requests may require an additional charge.


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Surf and Slide Water Play Center
- $ 59 98 59.98
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About this item
As the warm sun shines down with little care of producing a feeling of refreshment, the Surf and Slide Water Play Center provides a way for children to have a blast of refreshment and fun! As the water rushes down the slide, their adreniline will land them in a pool of water that will cool them down on the warmest of days.
The Surf and Slide Water Play Center is the perfect activity for children to cool down and have fun. As the water rushes down the slide and fills the pool below, it creates a childs retreat all day long. Two surf riders, with heavy duty handles, provide a fast way to slip down the slide. A landing mat is located at the end of the slide to insure a smile on every turn.
- Includes two surf riders with heavy duty handles
- Attach garden hose for sprayers to wet the slide surface
- Landing mat underneath for extra padding
- Endless summer fun
For additional questions or concerns regarding this product, please contact the Manufacturer's Customer Service Department at 1.800.234.6839
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text: California Chrome wins Preakness; Triple try next Share this story email Share this story «Previous 6 of 15 Photos Next » Read the story « » Preakness Horse Racing The field breaks from the starting gate in the 139th Preakness Stakes horse race at Pimlico Race Course, Saturday, May 17, 2014, in Baltimore. California Chrome, third from right, ridden by jockey Victor Espinoza, won the race. ( (AP Photo/Nick Wass)


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How To Make a Finger Puppet
How to make a finger puppet? Finger puppet templates to print out are an economical, convenient and fun way to create endless fun for your kids. At Finger Puppet Patterns, we have designed and tested lots of printable puppets to ensure you get the best quality and durability from your chosen puppet design.
Here are a few tips in order for you to get the absolute best results from your printable puppet:
• The better the quality of paper, the better will be the puppet quality. Although some of our puppets used in the site pictures were actually printed on regular stock and turned out great, it is always best to use heavier or photographic paper to keep the form of the puppet and for durability.
• For consistent results you could take the printable puppet template file to a printer. This is a great idea if you have the time as they can get the best results for you since they will have a greater selection of papers to choose from. Just purchase your finger puppet pack from the us, download your mask file to a flash drive or SD card and give to the clerk telling them you want it printed on 8.5×11 inch heavy (maybe photo) paper. They will know what to do.
• Once you have your puppets printed, you will need some tools. An X-Acto blade works best to cut out your puppet although fine scissors could be used. If kids are helping to make the puppets obviously you must take care that the safety aspects of using a blade or scissors are followed. Be sure to watch our video on how to cut out your puppet template for best results. Also a cutting board is important to get a clean cut around detailed areas.
• As the puppets are only "finger" size cutting around the smaller areas such as the ears or hair details is quite difficult and a smaller child will need help here.
• When the puppet has been cut out, wrap the two tabs around the child's middle finger and tape or stick them together to ensure a good fit. Using the middle finger allows the puppet to be used on other fingers without tearing, if the story or play the child is enacting requires this.
Now that you know how to get ready for your puppets to print, check out some of our favorites below:
"The Big Thanksgiving" paper finger puppets and play script$599More details
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The Senate measure includes provisions not related to the border or immigration. It specifies funding for local, state and federal agencies to deal with wildfires in eight western states and $225 million for Israel's "Iron Dome" missile defense system. The system, used against rockets launched from Gaza, is paid for primarily with American money.
Asked about the funding for Israel, Illinois Democrat and Majority Whip Dick Durbin said Israel asked for the addition.
"Israel requested it, the White House asked us to include it," Durbin told Politico. "It reflects the fact that all the rocket activity coming out of Gaza has exhausted their current supply or at least it is threatening their supply for defense."
originally posted by: BELIEVERpriest
ISIS is my primary concern. If we ignore them, the problem will only get worse. Im also unhappy with the idea of the UN gaining authority. An authoritative World Court is the last thing we need. Its bad enough that America takes it upon itself to be the world police force. The nations of the world need to go back to a mindset of national sovreignty, not interdependantism.
That said, going back into any previous mindset is itself a folly. One must embrace change to evolve, of course it's not to say we should just do as we're told.


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|March Of The Sod
|TABS text only
|Difficulty: undetermined
|return to normal Tabbed by: Ben Connelly e-mail: firstname.lastname@example.com I suggest you play this song in drop-D tuning because it's easier to play and it sounds better in my opinion. You should palm mute the open string in between the cords. |---------------- (guitaretab.com)


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If your page shows up blank after saving some changes, then your server is probably set to suppress error messages by default.
Add the following code to the beginning of the php file (don't forget to remove it after you're done):
<?php error_reporting(E_ALL|E_STRICT); ini_set('display_errors', '1'); ?>
Note that this won't help in cases of serious syntax errors. This is because syntax errors would prevent the PHP parser to execute the page – including any directives to start showing errors.
To fix that, you should either edit your php.ini, or, as you sometimes lack access to your php.ini (have you tried looking at the control panel administrator website page of your hosting company though?), or see it as a non-viable solution as those changes are global, there is another trick you can try.
Create a new file with the following contents:
ini_set("display_errors", 1);
In this case, the new file is parsed correctly, and the PHP engine is set to display any error (including syntax errors) it encounters. The script subsequently includes the PHP page that contains errors, about which the PHP engine will now output relevant information.
Also, you can direct PHP to show errors in the .htaccess file in the relevant folder (just append it to the existing file – if it doesn't exist, make a new one with the following contents):
php_value display_errors 1
php_value display_startup_errors 1
Also, thanks to Reddit user lostrootpass for pointing out that E_ALL|STRICT should be used when debugging.


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|Back to Home > Content > Departments > Revolving Door Newsletter: 12.04.12
Revolving Door Newsletter: 12.04.12
The Daily Shuts Down; The New York Times Offers BuyoutsDecember 4, 2012
Click here > to receive mediabistro.com's Revolving Door Newsletter via email.
The Daily is done. News Corp.'s iPad magazine will cease "printing" on December 15 with its 120 staffers getting distributed across the company or looking for gigs elsewhere. Some of the survivors include editor-in-chief Jesse Angelo, who becomes the New York Post's publisher, and Richard Johnson, who also rejoins the Post in some yet-to-be-determined fashion. Meanwhile, Tom Mockridge will step down as chief executive of News Corp.'s News International at the end of the year. He took over the job after


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- The Big Picture - http://www.ritholtz.com/blog -
What Caused the Decline in Long-term Yields?
Posted By Guest Author On January 15, 2014 @ 5:00 am In Federal Reserve,Think Tank | Comments Disabled
Long-Term Interest Rates
I will begin my remarks by posing a question: Why are long-term interest rates so low in the United States and in other major industrial countries?
At first blush, the answer seems obvious: Central banks in those countries are pursuing accommodative monetary policies to boost growth and reduce slack in their economies. However, while central banks certainly play a key role in determining the behavior of long-term interest rates, theirs is only a proximate influence. A more complete explanation of the current low level of rates must take account of the broader economic environment in which central banks are currently operating and of the constraints that that environment places on their policy choices.
Let me start with a brief overview of the recent history of long-term interest rates in some key economies. Chart 1 [1] shows the 10-year government bond yields for five major industrial countries: Canada, Germany, Japan, the United Kingdom, and the United States. Note that the movements in these yields are quite correlated despite some differences in the economic circumstances and central bank mandates in those countries. Further, with the notable exception of Japan, the levels of the yields have been very similar–indeed, strikingly so, with long-term yields declining over time and currently close to 2 percent in each case. The similar behavior of these yields attests to the global nature of the economic and financial developments of recent years, as well as to the broad similarity in how the monetary policymakers in the advanced economies have responded to these developments. Of course, Japanese yields are clearly a case apart, as Japan has endured an extended period of deflation, while inflation in the other four countries has been positive and generally close to the stated objectives of the monetary authorities. But even Japanese yields have shown some tendency to fluctuate along with other benchmark yields, and they have also declined over the period shown.
In my comments, I will delve more deeply into the reasons why these long-term interest rates have fallen so low. This examination may be useful both for understanding the current stance of policy and also for thinking about how rates may evolve. In short, we expect that as the economy recovers, long-term rates will rise over time to more normal levels. A return to more normal conditions in financial markets would, of course, be most welcome. Many commentators have noted, however, that both an extended period of low rates and the transition back toward normal levels may pose risks to financial stability. In the final portion of my remarks, I will discuss some aspects of how the Federal Reserve is approaching these risks.
Why Are Long-Term Interest Rates So Low?
So, why are long-term interest rates currently so low? To help answer this question, it is useful to decompose longer-term yields into three components: one reflecting expected inflation over the term of the security; another capturing the expected path of short-term real, or inflation-adjusted, interest rates; and a residual component known as the term premium. Of course, none of these three components is observed directly, but there are standard ways of estimating them. Chart 2 [2] displays one version of this decomposition of the 10-year U.S. Treasury yield based on a term structure model developed by Federal Reserve staff.1 [3]2 [4]
All three components of the 10-year yield have declined since 2007. The decomposition attributes much of the decline in the yield since 2010 to a sharp fall in the term premium, but the expected short-term real rate component also moved down significantly. Let's consider each component more closely.
The expected inflation component has drifted gradually downward for many years and has become quite stable. In large part, the downward trend and stabilization of expected inflation in the United States are products of the increasing credibility of the Federal Reserve's commitment to price stability. In January 2012, the Federal Open Market Committee (FOMC) underscored this commitment by issuing a statement–since reaffirmed at its January 2013 meeting–on its longer-run goals and policy strategy, which included a longer-run inflation target of 2 percent.3 [5] The anchoring of long-term inflation expectations near 2 percent has been a key factor influencing long-term interest rates over recent years. It almost certainly helped mitigate the strong disinflationary pressures immediately following the crisis. While I have not shown expected inflation for other advanced economies, the pictures would be very similar–again, except for Japan.
With the expected inflation component of the 10-year rate near 2 percent and the rate itself a bit below 2 percent recently, it is clear that the combination of the other two components–the expected path of short-term real interest rates and the term premium–must make a small net negative contribution.
The expected path of short-term real interest rates is, of course, influenced by monetary policy, both the current stance of policy and market participants' expectations of how policy will evolve. The stance of monetary policy at any given time, in turn, is driven largely by the economic outlook, the risks surrounding that outlook, and at times other factors, such as whether the zero lower bound on nominal interest rates is binding. In the current environment, both policymakers and market participants widely agree that supporting the U.S. economic recovery while keeping inflation close to 2 percent will likely require real short-term rates, currently negative, to remain low for some time. As shown in chart 2, the expected average of the short-term real rate over the next 10 years has gradually declined to near zero over the past few years, in part reflecting downward revisions in expectations about the pace of the ongoing recovery and, hence, a pushing out of expectations regarding how long nominal short-term rates will remain low.4 [6]
As the persistence of the effects of the crisis have become clearer, the Federal Reserve's communications have reinforced the expectation that conditions are likely to warrant highly accommodative policy for some time: Most recently, the FOMC indicated that it expects to maintain an exceptionally low level of the federal funds rate at least as long as the unemployment rate is above 6.5 percent, projected inflation between one and two years ahead is no more than a half percentage point above the Committee's 2 percent target, and long-term inflation expectations remain stable.5 [7]
In discussing the role of monetary policy in determining the expected future path of real short-term rates, I have cheated a little: What monetary policy actually controls is nominal short-term rates. However, because inflation adjusts slowly, control of nominal short-term rates usually translates into control of real short-term rates over the short and medium term. In the longer term, real interest rates are determined primarily by nonmonetary factors, such as the expected return to capital investments, which in turn is closely related to the underlying strength of the economy. The fact that market yields currently incorporate an expectation of very low short-term real interest rates over the next 10 years suggests that market participants anticipate persistently slow growth and, consequently, low real returns to investment. In other words, the low level of expected real short rates may reflect not only investor expectations for a slow cyclical recovery but also some downgrading of longer-term growth prospects.6 [8]
Chart 3 [9], which displays yields on inflation-indexed, long-term government bonds for the same five countries represented in chart 1, shows that expected real yields over the longer term are low in other advanced industrial economies as well. Note again the strong similarity in returns across these economies, suggesting once again the importance of common global factors. While indexed yields spiked up around the end of 2008, reflecting market stresses at the height of the crisis that undercut the demand for these bonds, these effects dissipated in 2009. Since that time, inflation-indexed yields have declined steadily and now stand below zero in each country.7 [10] Apparently, low longer-term real rate expectations are playing an important role in accounting for low 10-year nominal rates in other industrial countries, as well as in the United States.
The third and final component of the long-term interest rate is the term premium, defined as the residual component not captured by expected real short-term rates or expected inflation. As I noted, the largest portion of the downward move in long-term rates since 2010 appears to be due to a fall in the term premium, so it deserves some special discussion.
In general, the term premium is the extra return investors expect to obtain from holding long-term bonds as opposed to holding and rolling over a sequence of short-term securities over the same period. In part, the term premium compensates bondholders for interest rate risk–the risk of capital gains and losses that interest rate changes imply for the value of longer-term bonds. Two changes in the nature of this interest rate risk have probably contributed to a general downward movement of the term premium in recent years. First, the volatility of Treasury yields has declined, in part because short-term rates are pressed up against the zero lower bound and are expected to remain there for some time to come. Second, the correlation of bond prices and stock prices has become increasingly negative over time, implying that bonds have become more valuable as a hedge against risks from holding other assets.8 [11]
Beyond interest rate risk, a number of other factors also affect the term premium in practice. For example, during periods of financial turmoil, the prices of longer-term Treasury securities are often driven up by so-called safe-haven demands of investors who place special value on the safety and liquidity of Treasury securities. Indeed, even during more placid periods, global demands for safe assets increase the value of Treasury securities. Many foreign governments and central banks, particularly those with sustained current account surpluses, hold substantial international reserves in the form of Treasuries. Foreign holdings of U.S. Treasury securities currently amount to about $5-1/2 trillion, roughly half of the total amount of marketable Treasury debt outstanding. The global economic and financial stresses of recent years–triggered first by the financial crisis, and then by the problems in the euro area–appear to have significantly elevated the safe-haven demand for Treasury securities at times, pushing down Treasury yields and implying a lower, or even a negative, term premium.9 [12]
Federal Reserve actions have also affected term premiums in recent years, most prominently through a series of Large-Scale Asset Purchase (LSAP) programs. These programs consist of open market purchases of agency debt, agency mortgage-backed securities, and longer-term Treasury securities. To the extent that Treasury securities and agency-guaranteed securities are not perfect substitutes for other assets, Federal Reserve purchases of these assets should lower their term premiums, putting downward pressure on longer-term interest rates and easing financial conditions more broadly. Although estimated effects vary, a growing body of research supports the view that LSAPs are effective at bringing down term premiums and thus reducing longer-term rates.10 [13]11 [14] Accordingly, this portion of the decline in the term premium might ultimately be attributed to the sluggish economic recovery, which prompted additional policy action from the Federal Reserve.
Let's recap. Long-term interest rates are the sum of expected inflation, expected real short-term interest rates, and a term premium. Expected inflation has been low and stable, reflecting central bank mandates and credibility as well as considerable resource slack in the major industrial economies. Real interest rates are expected to remain low, reflecting the weakness of the recovery in advanced economies (and possibly some downgrading of longer-term growth prospects as well). This weakness, all else being equal, dictates that monetary policy must remain accommodative if it is to support the recovery and reduce disinflationary risks. Put another way, at the present time the major industrial economies apparently cannot sustain significantly higher real rates of return; in that respect, central banks–so long as they are meeting their price stability mandates–have little choice but to take actions that keep nominal long-term rates relatively low, as suggested by the similarity in the levels of the rates shown in chart 1. Finally, term premiums are low or negative, reflecting a host of factors, including central bank actions in support of economic recovery. Thus, while the current constellation of long-term rates across many advanced countries has few precedents, it is not puzzling: It follows naturally from the economic circumstances of these countries and the implications of these circumstances for the policies of their central banks.
How Are Long-Term Rates Likely to Evolve?
So, how are long-term rates likely to evolve over coming years? It is worth pausing to note that, not that long ago, central bankers would have carefully avoided this topic. However, it is now a bedrock principle of central banking that transparency about the likely path of policy, in general, and interest rates, in particular, can increase the effectiveness of policy. In the present context, I would add that transparency may mitigate risks emanating from unexpected rate movements. Thus, let me turn to prospects for long-term rates, starting with the expected path of rates and then turning to deviations from the expected path that may arise.
If, as the FOMC anticipates, the economic recovery continues at a moderate pace, with unemployment slowly declining and inflation expectations remaining near 2 percent, then long-term interest rates would be expected to rise gradually toward more normal levels over the next several years. This rise would occur as the market's view of the expected date at which the Federal Reserve will begin the removal of policy accommodation draws nearer and then as accommodation is removed. Some normalization of the term premium might also contribute to a rise in long-term rates.
To illustrate possible paths, Chart 4 [15] displays four different forecasts of the evolution of the 10-year Treasury yield over coming years. The black line is the forecast reported in the December 2012 Blue Chip Financial Forecasts survey. The green line gives the Congressional Budget Office forecast published in February, and the blue line presents the median from the Survey of Professional Forecasters, as reported in the first quarter of this year. Finally, the purple line shows a forecast based on the term structure model used for the decomposition of the 10-year yield in chart 2.12 [16] While these forecasts embody a wide range of underlying models and assumptions, the basic message is clear–long-term interest rates are expected to rise gradually over the next few years, rising (at least according to these forecasts) to around 3 percent at the end of 2014. The forecasts in chart 4 imply a total increase of between 200 and 300 basis points in long-term yields between now and 2017.
Of course, the forecasts in chart 4 are just forecasts, and reality might well turn out to be different. Chart 5 [17] provides three complementary approaches to summarizing the uncertainty surrounding forecasts of long-term rates. The dark gray bars in the chart are based on the range of forecasts reported in the Blue Chip Financial Forecasts, the blue bars are based on the historical uncertainty regarding long-term interest rates as reflected in the Board staff's FRB/US model of the U.S. economy, and the orange bars give a market-based measure of uncertainty derived from swaptions. These three different measures give a broadly similar picture about the upside and downside risks to the forecasts of long-term rates. Rates 100 basis points higher than the expected paths in chart 4 by 2014 are certainly plausible outcomes as judged by each of the three measures, and this uncertainty grows to as much as 175 basis points by 2017. Note, though, that while the risk of an unexpected rise in interest rates has drawn much attention, the level of long-term interest rates also could prove to be lower than forecast. Indeed, by the measures shown in chart 5, the upside and downside risks to the level of rates are roughly symmetric as of 2017.
We also have some historical experience with increases in rates during tightening cycles to consider. For example, in 1994, 10-year Treasury yields rose about 220 basis points over the course of a year, reflecting an unexpected quickening in the pace of economic growth and signs of building inflation pressures. This increase in long-term rates appears to have reflected a mix of a pronounced rise in the expected path of the policy interest rate and some increase in the term premium.13 [18] A rise of more than 200 basis points in a year is at the upper end of what is implied by the mean paths and uncertainty measures shown in charts 4 and 5, but these measures still admit a substantial probability of higher–and lower–paths.
Overall, then, we anticipate that long-term rates will rise as the recovery progresses and expected short-term real rates and term premiums return to more normal levels. The precise timing and pace of the increase will depend importantly on how economic conditions develop, however, and is subject to considerable two-sided uncertainty.
Managing Risks Associated with the Future Course of Long-Term Interest Rates
As I noted when I began my remarks, one reason to focus on the timing and pace of a possible increase in long-term rates is that these outcomes may have implications for financial stability. Commentators have raised two broad concerns surrounding the outlook for long-term rates. To oversimplify, the first risk is that rates will remain low, and the second is that they will not. In particular, in an environment of persistently low returns, incentives may grow for some investors to engage in an unsafe "reach for yield" either through excessive use of leverage or through other forms of risk-taking. My Board colleague Jeremy Stein recently discussed how this behavior may arise in some financial markets, including credit markets.14 [19]15 [20]
One might argue that the right response to these risks is to tighten monetary policy, raising long-term interest rates with the aim of forestalling any undesirable buildup of risk. I hope my discussion this evening has convinced you that, at least in economic circumstances of the sort that prevail today, such an approach could be quite costly and might well be counterproductive from the standpoint of promoting financial stability. Long-term interest rates in the major industrial countries are low for good reason: Inflation is low and stable and, given expectations of weak growth, expected real short rates are low. Premature rate increases would carry a high risk of short-circuiting the recovery, possibly leading–ironically enough–to an even longer period of low long-term rates. Only a strong economy can deliver persistently high real returns to savers and investors, and the economies of the major industrial countries are still in the recovery phase.
So how can financial stability concerns–which the Federal Reserve takes very seriously–be addressed? Our strategy, undertaken in cooperation with other regulators and central banks, has a number of elements.
First, we have greatly increased our macroprudential oversight, with a particular focus on potential systemic vulnerabilities, including buildups of leverage and unstable funding patterns as well as interest rate risk.16 [21] Under the umbrella of our interdisciplinary Large Institutions Supervision Coordinating Committee, we pay special attention to developments at the largest, most complex financial firms, making use of information gathered in our supervision of the institutions and drawn from financial market indicators of their health and systemic vulnerability. We also monitor the shadow banking sector, especially its interaction with regulated institutions; in this work, we look for factors that may leave the system vulnerable to an adverse "fire sale" dynamic, in which declining asset values could force leveraged investors to sell assets, depressing prices further. We exchange information regularly with other regulatory agencies, both directly and under the auspices of the Financial Stability Oversight Council. Throughout the Federal Reserve System, work in these areas is conducted by experts in banking, financial markets, monetary policy, and other disciplines, and at the Federal Reserve Board we have established our Office for Financial Stability Policy and Research to help coordinate this work. Findings are presented regularly to the Board and to the FOMC for use in its monetary policy deliberations.
Second, recognizing that our monitoring of the financial sector will always be imperfect, we are using regulatory and supervisory tools to help ensure that financial institutions are sufficiently resilient to weather losses and periods of market turmoil arising from any source. Indeed, reflecting expectations embodied in the new Basel III and Dodd-Frank standards, the largest and most complex financial firms have substantially increased both their capital and their liquidity in recent years. Our current round of stress testing of the largest bank holding companies, to be completed early this month, examines whether the largest banking firms have sufficient capital to come through a seriously adverse economic downturn and still have the capacity to perform their roles as providers of credit. In a related exercise, we are also asking banks to stress-test the adequacy of their capital in the face of a hypothetical sharp upward shift in the term structure of interest rates.
Third, our approach to communicating and implementing monetary policy provides the Federal Reserve with new tools that could potentially be used to mitigate the risk of sharp increases in interest rates. In 1994–the period discussed earlier in which sharp increases in interest rates strained financial markets–the FOMC's communication tools were very limited; indeed, it had just begun issuing public statements following policy moves. By contrast, in recent years, the Federal Reserve has provided a great deal of additional information about its expectations for the path of the economy and the stance of monetary policy. Most recently, as I mentioned, the FOMC announced unemployment and inflation thresholds characterizing conditions that will guide the timing of the first increase in the target for the federal funds rate. Further, the FOMC stated that a highly accommodative stance of monetary policy is likely to remain appropriate for a considerable time after our current asset purchase program ends. By providing greater clarity concerning the likely course of the federal funds rate, FOMC communication should both make policy more effective and reduce the risk that market misperceptions of the Committee's intentions would lead to unnecessary interest rate volatility.
In addition, the Federal Reserve could, if necessary, use its balance sheet tools to mitigate the risk of a sharp rise in rates. For example, the Committee has indicated its intention to sell its agency securities gradually once conditions warrant. The Committee also noted, however, that the pace of sales could be adjusted up or down in response to material changes in either the economic outlook or financial conditions. In particular, adjustments to the pace or timing of asset sales could be used, under some circumstances, to dampen excessively sharp adjustments in longer-term interest rates.
Let me finish with some thoughts on balancing the risks we face in the current challenging economic environment, at a time when our main policy tool, the federal funds rate, is near its effective lower bound. On the one hand, the Fed's dual mandate has led us to provide strong support for the recovery, both to promote maximum employment and to keep inflation from falling below our price stability objective. One purpose of this support is to prompt a return to the productive risk-taking that is essential to robust growth and to getting the unemployed back to work. On the other hand, we must be mindful of the possibility that sustained periods of low interest rates and highly accommodative policy could lead to excessive risk-taking in some financial markets. The balance here is not an easy one to strike. While the recent crisis is vivid testament to the costs of ill-judged risk-taking, we must also be aware of constraints posed by the present state of the economy. In light of the moderate pace of the recovery and the continued high level of economic slack, dialing back accommodation with the goal of deterring excessive risk-taking in some areas poses its own risks to growth, price stability, and, ultimately, financial stability. Indeed, as I noted, a premature removal of accommodation could, by slowing the economy, perversely serve to extend the period of low long-term rates.
For these reasons, we are responding to financial stability concerns with the multipronged approach I summarized a moment ago, which relies primarily on monitoring, supervision and regulation, and communication. We will, however, be evaluating these issues carefully and on an ongoing basis; we will be alert for any developments that pose risks to the achievement of the Federal Reserve's mandated objectives of price stability and maximum employment; and we will, of course, remain prepared to use all of our tools as needed to address any such developments.
Adrian, Tobias, Daniel Covitz, and Nellie Liang (forthcoming). "Financial Stability Monitoring," Finance and Economics Discussion Series. Washington: Board of Governors of the Federal Reserve System.
Board of Governors of the Federal Reserve System (2012), "Federal Reserve Issues FOMC Statement [22]," press release, December 12.
Campbell, John Y., Adi Sunderam, and Luis M. Viceira (2009). "Inflation Bets or Deflation Hedges? The Changing Risks of Nominal Bonds," NBER Working Paper Series 14701. Cambridge, Mass.: National Bureau of Economic Research, February.
D'Amico, Stefania, William English, David López-Salido, and Edward Nelson (2012). "The Federal Reserve's Large-Scale Asset Purchase Programmes: Rationale and Effects," Economic Journal, vol. 122 (November), pp. F415-F446.
D'Amico, Stefania, Don H. Kim, and Min Wei (2010). "Tips from TIPS: The Informational Content of Treasury Inflation Protected Security Prices [23]," Finance and Economics Discussion Series 2010-19. Washington: Board of Governors of the Federal Reserve System, December 2009.
Gagnon, Joseph, Matthew Raskin, Julie Remache, and Brian Sack (2011). "The Financial Market Effects of the Federal Reserve's Large-Scale Asset Purchases," International Journal of Central Banking, vol. 7 (March), pp. 3-43.
Hamilton, James D., and Jing Cynthia Wu (2012). "The Effectiveness of Alternative Policy Tools in a Zero Lower Bound Environment," Journal of Money, Credit and Banking, vol. 44 (February supplement), pp. 3-46.
Hancock, Diana, and Wayne Passmore (2012). "The Federal Reserve's Portfolio and Its Effects on Mortgage Markets (PDF) [24]," Finance and Economic Discussion Series 2012-22. Washington: Board of Governors of the Federal Reserve System.
Krishnamurthy, Arvind, and Annette Vissing-Jørgensen (2011). "The Effects of Quantitative Easing on Interest Rates: Channels and Implications for Policy," Brookings Papers on Economic Activity, Fall, pp. 215-65.
Li, Canlin, and Min Wei (2012). "Term Structure Modelling with Supply Factors and the Federal Reserve's Large Scale Asset Purchase Programs [25]," Finance and Economics Discussion Series 2012-37. Washington: Board of Governors of the Federal Reserve System, May.
Rosa, Carlo (2012). "How 'Unconventional' Are Large-Scale Asset Purchases? The Impact of Monetary Policy on Asset Prices (PDF) [26] ," Federal Reserve Bank of New York Staff Reports 560. New York: Federal Reserve Bank of New York, May.
Stein, Jeremy C. (2013). "Overheating in Credit Markets: Origins, Measurement, and Policy Responses [27]," speech delivered at "Restoring Household Financial Stability after the Great Recession: Why Household Balance Sheets Matter," a symposium sponsored by the Federal Reserve Bank of St. Louis, St. Louis, February 5-7.
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Statement on Longer-Run Goals and Monetary Policy Strategy (PDF) [30], as amended effective on January 29, 2013. Return to text [31]
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Article printed from The Big Picture: http://www.ritholtz.com/blog
URL to article: http://www.ritholtz.com/blog/2014/01/what-caused-the-decline-in-long-term-yields-2/
URLs in this post:
[1] Chart 1: http://www.federalreserve.gov/newsevents/speech/bernanke-exhibit-20130301a1.png
[2] Chart 2: http://www.federalreserve.gov/newsevents/speech/bernanke-exhibit-20130301a2.png
[3] 1: http://www.federalreserve.gov/newsevents/speech/bernanke20130301a.htm#fn1
[4] 2: http://www.federalreserve.gov/newsevents/speech/bernanke20130301a.htm#fn2
[5] 3: http://www.federalreserve.gov/newsevents/speech/bernanke20130301a.htm#fn3
[6] 4: http://www.federalreserve.gov/newsevents/speech/bernanke20130301a.htm#fn4
[7] 5: http://www.federalreserve.gov/newsevents/speech/bernanke20130301a.htm#fn5
[8] 6: http://www.federalreserve.gov/newsevents/speech/bernanke20130301a.htm#fn6
[9] Chart 3: http://www.federalreserve.gov/newsevents/speech/bernanke-exhibit-20130301a3.png
[10] 7: http://www.federalreserve.gov/newsevents/speech/bernanke20130301a.htm#fn7
[11] 8: http://www.federalreserve.gov/newsevents/speech/bernanke20130301a.htm#fn8
[12] 9: http://www.federalreserve.gov/newsevents/speech/bernanke20130301a.htm#fn9
[13] 10: http://www.federalreserve.gov/newsevents/speech/bernanke20130301a.htm#fn10
[14] 11: http://www.federalreserve.gov/newsevents/speech/bernanke20130301a.htm#fn11
[15] Chart 4: http://www.federalreserve.gov/newsevents/speech/bernanke-exhibit-20130301a4.png
[16] 12: http://www.federalreserve.gov/newsevents/speech/bernanke20130301a.htm#fn12
[17] Chart 5: http://www.federalreserve.gov/newsevents/speech/bernanke-exhibit-20130301a5.png
[18] 13: http://www.federalreserve.gov/newsevents/speech/bernanke20130301a.htm#fn13
[19] 14: http://www.federalreserve.gov/newsevents/speech/bernanke20130301a.htm#fn14
[20] 15: http://www.federalreserve.gov/newsevents/speech/bernanke20130301a.htm#fn15
[21] 16: http://www.federalreserve.gov/newsevents/speech/bernanke20130301a.htm#fn16
[22] Federal Reserve Issues FOMC Statement: http://www.federalreserve.gov/newsevents/press/monetary/20121212a.htm
[23] Tips from TIPS: The Informational Content of Treasury Inflation Protected Security Prices: http://www.federalreserve.gov/pubs/feds/2010/201019/201019abs.html
[24] The Federal Reserve's Portfolio and Its Effects on Mortgage Markets (PDF): http://www.federalreserve.gov/pubs/feds/2012/201222/201222pap.pdf
[25] Term Structure Modelling with Supply Factors and the Federal Reserve's Large Scale Asset Purchase Programs: http://www.federalreserve.gov/pubs/feds/2012/201237/201237abs.html
[26] How 'Unconventional' Are Large-Scale Asset Purchases? The Impact of Monetary Policy on Asset Prices (PDF): http://www.newyorkfed.org/research/staff_reports/sr560.pdf
[27] Overheating in Credit Markets: Origins, Measurement, and Policy Responses: http://www.federalreserve.gov/newsevents/speech/stein20130207a.htm
[28] Return to text: http://www.federalreserve.gov/newsevents/speech/bernanke20130301a.htm#f1
[29] Return to text: http://www.federalreserve.gov/newsevents/speech/bernanke20130301a.htm#f2
[30] Statement on Longer-Run Goals and Monetary Policy Strategy (PDF): http://www.federalreserve.gov/monetarypolicy/files/FOMC_LongerRunGoals.pdf
[31] Return to text: http://www.federalreserve.gov/newsevents/speech/bernanke20130301a.htm#f3
[32] Return to text: http://www.federalreserve.gov/newsevents/speech/bernanke20130301a.htm#f4
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[38] Return to text: http://www.federalreserve.gov/newsevents/speech/bernanke20130301a.htm#f10
[39] Return to text: http://www.federalreserve.gov/newsevents/speech/bernanke20130301a.htm#f11
[40] Return to text: http://www.federalreserve.gov/newsevents/speech/bernanke20130301a.htm#f12
[41] Return to text: http://www.federalreserve.gov/newsevents/speech/bernanke20130301a.htm#f13
[42] Return to text: http://www.federalreserve.gov/newsevents/speech/bernanke20130301a.htm#f14
[43] Return to text: http://www.federalreserve.gov/newsevents/speech/bernanke20130301a.htm#f15
[44] Return to text: http://www.federalreserve.gov/newsevents/speech/bernanke20130301a.htm#f16
[45] Accessible Version: http://www.federalreserve.gov/newsevents/speech/2A64C6CC2ED3400BA50BA632CCB533DF.htm
[46] Image: http://www.federalreserve.gov/newsevents/speech/bernanke20130301a.htm#pagetop
[47] 2013 Speeches: http://www.federalreserve.gov/newsevents/speech/2013speech.htm
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Sogepaq closes US deals on Sanchez-Arevalo, Lazaro features
Spain's Sogepaq has closed all-rights deals for distribution in the United States on Daniel Sanchez-Arevalo's DarkBlueAlmostBlack to Strand Releasing and on Emilio Martinez Lazaro's The 2 Sides Of The Bed to Here! Films.
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text:
A former state fire captain was sentenced to life in prison without chance of parole for murdering a woman more than 20 years ago.
William Charles Marshall, 45, of Mountain View, was sentenced Friday in Superior Court.
"I'm very satisfied that the (victim's) family is able to achieve some sense of justice," prosecutor John Lewin said, adding: "I am satisfied that Mr. Marshall will never see the light of day again."
Robin Lucille Hoynes, 21, of Whittier, was found stabbed to death Oct. 31, 1984, in a Kentucky Fried Chicken restaurant in Torrance where she was an assistant manager.
Authorities said she was killed during a robbery.
Marshall had been an employee but was fired days before the killing.
He was questioned at the time of the killing but was not charged.
Several years later, Marshall was convicted of burglary and sentenced to two years in state prison.
Subsequently, he joined the state Department of Forestry and Fire Protection.
Torrance police cold-case investigators reopened the case about two years ago, leading to Marshall's indictment last year on a count of murder with the special circumstance of robbery.
Marshall, who had been working at a fire station in Riverside County, lost his job following his arrest.


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This is the thread where you discuss the current chapter of Liar Game.
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This is the thread where you discuss the current chapter of Liar Game.
Moved it here. So Akiyama betrayed him, but he will probably pay off some of the debt that the players have in the end. And as usual he will continue playing on with Nao. Well, it seems more and more in this arc that Kimura will reveal her true self to her group, who seems do not know.
I don't entirely buy that he has no plan yet, Kimura's pushing the whole "Akiyama really abandoned him it's hopeless after all!" angle way too hard for there not to be some kind of reversal.
I don't know if he has a plan to win persay though, might just be something to make sure they aren't totally screwed.
Chapters like this are a big reason why I'm starting to hate this series.
-Absolutely no other characters make a move because Kaitani is too lazy to think of them, and no, I don't consider throw away bids to be legitimate moves (All the other characters with lots are going to have to make moves at some point in time. It might as well be sooner rather than later)
-Everything that happened in this chapter will invariably be reversed in 2-3 chapters. Has that ever not happened with "negative" developments?
-The observers telling us what is happening rather than letting the readers experience it. You could literally remove anything and everything they said from this chapter and it would not negatively impact it.
Akiyama and the guy are just acting.
Well, as far as the observer goes I think their input is generally relevant. True, in this chapter most of what they said could be removed except for the part about akiyama actually abandoning kawai. Generally the observers are familiar with the game so the fact that even they could not at least point out akiyama could have a plan is important. Right now the situation is that the observers could be right and akiyama lied or akiyama actually figured out an aspect of the game with which the observers are not familiar with.
Anyways, I can't say I loved the chapter either. Nothing epic happened and there wasn't any real advancement with the game, what happened was exactly what was said was going to happen last chapter without so much as a plot twist (at this point even adding an evil twin brother to the mix will help). Anyways, there is the consideration that this was merely a setup chapter, the next one should be more interesting and perhaps even show some form of counterattack.
Added a poll, boring chapter, Kaitani really wants us to be bored while we are reading these uneventful chapters. Akiyama may pull something and he may not, yeah and?! We were already left with this in the last chapter kind of, now we just know that he betrayed him. A bit more should be added to the chapter. Plus it is not progressing the plot, nor the current game.
I really want to see the break up of Harimoto's group happen in this arc.
Yeah there really wasn't a lot going on this week.
Alright chapter but could've been more interesting.
That's another issue I have. Am I supposed to feel sympathy for these d-bags or not? As of now, I wouldn't care if I was told that the losers had their organs sold on the black market because almost all of the characters in this series are utterly lacking anything resembling redeeming qualities. They demand that everyone save them yet do nothing to deserve it.
I am now more interested then ever to find out what is his plan.
I think he might have understood that the other group wouldn't stop there, that they would want an overwhelming victory, and that they would try to make everyone else fall.
I think that his strategy somehow revolves around that.


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The ignorance of the American political right is matched only by its hypocrisy.
Witness THIS SITUATION:
Both parties� presidential campaigns, in their never-ending quest for more contributions, routinely reach out to Americans living abroad. It�s legal, routine, and uncontroversial. Politico did a big item about a week ago noting President Obama�s �overseas power centers,� but Mitt Romney has done plenty of fundraising of his own in Hong Kong�and Singapore.
With this in mind, there was a report last week that some Americans living in Paris will honor the 4th of July with a fundraiser for the president. A conservative ...
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