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Collectively, that leaves us with few good alternatives; what is an investor to do in such times?
Luckily for us, James Montier of GMO recently penned an article in the firm's second quarter letter that addressed this; while he offered four potential paths that one could follow, I would like to focus on the fourth option - Be Patient:
This is the approach we favour. It combines the mindset of the concentration "solution" – we are simply looking for the best risk-adjusted returns available, with a willingness to acknowledge that the opportunity set is far from compelling and thus one shouldn't be fully invested. Ergo, you should keep some "powder dry" to allow you to take advantage of shifts in the opportunity set over time. Holding cash has the advantage that as it moves to "fair value" it doesn't impair your capital at all.
Of course, this last approach presupposes that the opportunity set will shift at some point in the future. This seems like a reasonable hypothesis to us because when assets are priced for perfection (as they generally seem to be now), it doesn't take a lot to generate a disappointment and thus a re-pricing (witness the market moves in the last month). Put another way, as long as human nature remains as it has done for the last 150,000 years or so, and we swing between the depths of despair and irrational exuberance, then we are likely to see shifts in the opportunity set that we hope will allow us to "out-compound" this low-return environment. As my grandmother used to chide me, "Good things come to those who wait."
This idea is so logical, which is probably why it's hard to follow when markets move into a territory that approaches absurdity; as foolishness continues to grow and market valuations consistently breach new levels (with commentators there to justify this new found optimism), the fear of being left behind becomes overwhelming. We see this exact phenomena with Isaac Newton during the South Sea Bubble (as captured in a 2009 article by MIT professor Thomas Levenson):
Starting at £128 in January, the price for South Sea securities rose to £175 in February and then £330 in March. Newton kept his head - at first. He sold in April, content with his (quite spectacular) gains to date. But then, between April and June, share prices tripled, reaching over £1,000 ... which is precisely when he could stand it no longer. Having "lost" two thirds of his potential gain, Newton bought again at the very top, and bought more after a slight decline in July…
The bubble burst, and South Sea share prices collapsed to roughly their pre-bubble level. Newton's losses totaled as much as £20,000, between $4 million and $5 million in 21st century terms…After the disaster, he could not bear to hear the phrase "South Sea" mentioned in his presence. But just once he admitted that while he knew how to predict the motions of the cosmos, "he could not calculate the madness of the people."
I have a solution for dealing with the madness of people, and my conclusion won't come as a shock to Gurufocus readers: Continue to be patient if you cannot find securities that meet your criteria. Although it appears that cash becomes an increasingly expensive alternative to equities as markets roar higher, the reality is the exact opposite; future rates of return are being sacrificed for current gains, a trade-off that acts like a rubber band as its stretched further and further from equilibrium (only to come shooting past balance to the other extreme at some point down the road). Those who fail to recognize this undeniable truth are most susceptible to becoming its ultimate victim.
Johnson & Johnson provides an interesting example: When Johnson & Johnson (NYSE:JNJ) was trading at a low-teens multiple of free cash flow for the better part of the last five years, the constant barrage of short-term issues promulgated by the analyst community (and the financial media) were more than priced in. With the stock more than 50% higher than where it traded 24 months ago, the analysts are now lining up with "buy" ratings, proclaiming that the Medical Devices & Diagnostics segment is now out of its doldrums because of "solid growth" attained in the most recent quarter (which was a paltry 0.5% after accounting for the addition of Synthes), and that the Consumer segment is finally getting closer to something resembling normal operations (which was never particularly important to JNJ even during the good years, at roughly 10% of the company's total operating income).
To be clear (for those who will question this once they come across the disclosures at the bottom of this article), I still own some Johnson & Johnson; this is the other side of "be patient" that receives less attention than it should. Many people live in a state of absolutes marked by decisive – and what I consider to be extreme – action: It often comes in the form of metrics (like a P/E or EV/EBITDA multiple) which are cut-offs that dictate when investors buy and sell (lately, leaning towards the latter). The result, as I see it, is often a narrow window (if we view market movements over a period of years) that rigidly dictates frequent activity.
While this approach is intellectually pleasing (in theory), I don't think it meshes with reality; one major shortcoming of this rules-based strategy is a failure to look at the whole picture (when I say failure, I don't mean by construction; it comes from the biases that individuals bring into the picture, which must be considered). Portfolio decisions must be made with an eye on one's financial situation, in addition to one's current holdings.
To use myself as an example, I'm young and will be a net saver for decades to come; every month or so I add about 2% in my portfolio in the form of cash (savings), which will be moved into equities once I'm given the opportunity to do so. Year to date, those opportunities have been nonexistent. I have not bought a single share of common stock, and as of today have no plans of doing so in the foreseeable future. As a result, my cash balances have built up a bit; I have plenty of dry powder at my disposal despite the fact that I was fully invested a few months ago.
With that said, I have not sold a single share of stock; I continue to hold JNJ and PepsiCo (PEP) in full, despite the fact that their future returns have been diminished by their recent moves higher. When would I sell? That's a tougher decision, but it's one I'm increasingly comfortable making as prices move beyond their current range; in order to part with businesses that I consider above average, I demand a price that adequately captures that fact (as well as the consideration that realized gains and the subsequent tax bill diminish the attractiveness of the alternative); for people with a short term view, who's returns are solely dependent upon revaluations from Mr. Market (and account for a large percentage of daily market volumes), this isn't a consideration.
With a view extending more than 10 years, a 20% to 25% move in the equity indices higher or lower is inconsequential; patience should require investors to think in this manner when adjusting equity allocations as individual names (particularly those of above-average companies) move to levels that point towards undue optimism. As Montier's grandmother used to say, good things come to those who wait. For investors waiting with businesses that consistently generate outsized returns on invested capital, I believe good things justify waiting longer than may seem prudent otherwise.
About the author:
I hope to own a collection of great businesses; to ever sell one, I demand a substantial premium to the average market valuation due to what I believe are the understated benefits to the long term investor of superior fundamentals and time on intrinsic value. I don't have a target when I purchase a stock; my goal is to replicate the underlying returns of the business in question - which if I've done my job properly, should be very attractive over many years.


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|Rising 3rd Grade
Odyssey Docs
|Rising 4th Grade
Odyssey Jet Setters
|Rising 5th Grade
Odyssey Humanitarians
Concept: Use health and exercise to help sharpen your mind!
In Odyssey Docs, students will learn about the importance of staying fit. They will hear from trainers, doctors and nutritionists and attend various field trips related to exercise and nutrition. Students will also learn how to grow their own fruits and vegetables and nurture their own tomato plants.
Trips and Guest Speakers:
Trips: Whole Foods, Young Chef's Academy, Atlanta Food Bank
Speakers: Nutritionists, Pediatrician, Food Specialist, Athletic Trainer
Concept: Broaden your horizons by learning about the customs, traditions and contributions of other cultures.
Our Jet Setters will "travel abroad" to Spain, West Africa, and China, exploring the various arts, historical facts, and customs of each. Students will craft artifacts, learn ceremonial dances, and research facts on each country.
Trips and Guest Speakers:
Trips: Clarkston Community Garden, Papermaking Museum, Bobo Tenate' West African Dance workshop, Flamenco dance workshop
Speakers: World Travelers and People from Diverse Cultures
|Concept: Improve your math, reading and writing skills by engaging in experiences that promote unity and awareness in our community.Our Odyssey Humanitarians will learn how to enrich the community through service, as well as debate thought provoking issues of the past and present through engaging projects.Topics:
Trips and Guest Speakers:
Trips: Martin Luther King Center, Community Farms
Speakers: Civil Rights activists, lawyers, police officers

subset: commoncrawl


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Comfort Pet Orthopedic Mat with Headrest
Information About Orthopedic Mat with Headrest:
Dogs, just like humans, also experience aches and pains. With the Orthopedic Mat with Headrest, you can be sure that every time your canines rest or go to sleep, their bed can give them the support and comfort they need. This orthopedic dog bed features a unique foam made from medical grade convoluted (egg crate) which can effectively relieve pressure points by supporting pet?s weight evenly. This bed for dogs also allows cool air to circulate around your pet?s body thereby preventing hotspots to form. It is also guaranteed to give your pets a very comfortable and relaxing sleep which will definitely improve their overall well-being.
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Orthopedic Mat with Headrest is made of upholstery grade with sheepskin fabrics. This canine bed comes in Tan or Blue colors and is available in Medium (36" x 24" x 6") and Large/X-Large (48" x 28" x 6") sizes.
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Care Instructions:
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From $35.95


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My twins had their spring concert this week. First I just loved how, though they are in different classes, the teachers situated them standing next to each other, each on the border of their classes.
It was called "positive power" and all the songs and poems were about love and respect and believing in yourself. It was so unbelievably adorable and so many of us in the audience were choked up.
My twins did better than in previous years (where they yawned, lifted their shirt/skirt, etc) as they really seemed to get into the singing.
But they seemed to start to get less enthused…
And then my son reverted to his last year's performance!
I love it all!


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- Filed Under
The American Association of Retired Persons will be providing free tax assistance for local seniors and low-to-middle income taxpayers in coming weeks at the following locations:
? Sheboygan Senior Activity Center, 428 Wisconsin Ave. (920-459-3290) Tuesdays & Wednesdays in February, March, & April
? Sheboygan Falls Memorial Library, 330 Buffalo St. (920-467-7908) Mondays in February, March, & April ...


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West Seattle schools: Chief Sealth 'closes' campus for the weekDecember 17, 2012 at 2:27 pm | In West Seattle news, West Seattle schools | 19 Comments
If you have a child at Chief Sealth International High School, you might hear of an extra security measure principal Chris Kinsey decided to take this week = closing the campus (which mostly means no students leaving to have lunch or take breaks off-campus). We heard about an announcement made this morning, and asked Seattle Public Schools' communications team if it was a districtwide decision or just Sealth. SPS spokesperson Teresa Wippel replied that "in light of last Friday's [Connecticut] tragedy, [Sealth's principal] has decided to close the campus as a precautionary measure designed to keep everyone safe and accounted for this week. It will only last until this Friday and Chief Sealth will return to the school's regular routines when school resumes in January. Students are strongly discouraged from leaving campus during school hours, including lunches, and the cafeteria staff is ready to serve all students this week."
19 Comments
Way to keep my child safe at her school. Thanks mr. Kinsey!
Comment by christie — 2:37 pm December 17, 2012 #
Wow! Is there more to this story than meets the eye? Why for a week only and why only Sealth?
Comment by Mom — 2:50 pm December 17, 2012 #
What?? Is there some reason? All the other SPS schools are open. This doesn't make much sense.
Comment by Mary — 2:53 pm December 17, 2012 #
I should be clearer – sorry. Closing the campus means students can't leave for lunch. Will add to the story – TR
I think this is kinda stupid. I see where he's going with this but the gunsman is now dead and I don't see how it could happen again. If its only for a week it won't change anything.
Comment by Ally — 3:11 pm December 17, 2012 #
I personally think it should be this way all the time. I do not have children in the school system, but from time to time I have to make deliveries to the schools and I have to say its simple to get access to most schools. I have never been questioned when I am walking around looking for someone or the office. Also, I find it highly disruptive when the students are racing around Westwood Village.
Comment by coffee — 3:22 pm December 17, 2012 #
My high school was a closed campus always. I tend to think its a good idea.
Comment by Westseattleperson — 3:29 pm December 17, 2012 #
Ally: I'm sure those parents in Newton couldn't see how it would ever happen there in the first place either. Give the man a little credit for being on the pulse of the atmosphere/environment under his charge.
With things like this seeming to happen more and more frequently, maybe it's giving other individuals just on the brink of mental stability ideas, God forbid.
Comment by jissy — 3:35 pm December 17, 2012 #
Good for you! Keep the kids safe! We love them all and want them to be safe.
I know, it's hard to be kept on campus, but it will give all of you and us time to reflect with what is good in life.
Comment by RMP — 4:19 pm December 17, 2012 #
Close them until these teenagers can act right
Comment by Setitstraight — 4:41 pm December 17, 2012 #
Safer…traffic accidents from rushing back to campus to make next class, or inexperienced drivers who, not meaning to, take an extra passenger or two, get distracted rushing… Better safe than sorry …good call on my humble opinion.
Comment by Rves — 4:53 pm December 17, 2012 #
My high school had a closed campus. In good ol' Kirkland. The students did not like it, of course, because how could we smoke our all-important cigarettes? We were so envious of the Seattle schools. LOL.
Comment by Flickertail — 4:55 pm December 17, 2012 #
"…and I don't see how it could happen again."
Yesterday: "Police have arrested a 19-year-old Skagit County man who threatened on Facebook to "shoot up every school within a 100-mile radius" if his gun rights were taken away after the Connecticut school massacre."
December 15: Indiana man arrested Saturday on seven felony charges, initially threatened to set his wife on fire, then said he would kill her "at the school" where she worked and "would kill as many people as he could before police could stop him…"
December 13: (Oklahoma) "An 18-year-old Bartlesville High School student was arrested early Friday after police uncovered an alleged school-shooting massacre plot. The student attempted to recruit students in the school cafeteria on Wednesday to help him carry out a massive school shooting and bombing plot, police allege in a court affidavit.
Prosecutors charged Chavez later Friday with planning, attempting or conspiring to perform an act of violence. District Judge Curtis DeLapp set Chavez's bail at $1 million. The charge says Chavez intended to cause serious bodily harm or death to other students."
Comment by mookie — 5:02 pm December 17, 2012 #
As a high school teacher, I wish ours was. The smell of fast food is so delicious at 12pm in your garbage can.
Comment by Jackson — 5:18 pm December 17, 2012 #
Just because lunch/closed campus,does not make a difference. It might make it easier,but honestly i feel like it would not make a difference whats so ever.
Comment by Hello — 8:17 pm December 17, 2012 #
Kudos for doing SOMETHING, but why just a week? Temporary solutions don't seem to be the answer.
Maybe, though, it is a week while they formulate a better answer.
Comment by westcoastdeb — 8:23 am December 18, 2012 #
I was in the Admiral Safeway once on my day off and saw the store staff assume their positions to watch for students shoplifting during lunch.
My high school in North Seattle was a closed campus and still is. Our lunch times were staggered so that the cafeteria had room for those who bought lunch and those who brought their lunch. Even before school shootings I have wondered why high schools today are not closed campus
Comment by sc — 10:48 am December 18, 2012 #
West Seattle High School is also doing the closed campus. This was put in a letter on their website.
My question is….aren't they locked on both sides and wouldn't that be an issue if there was a fire in the building.
My other concern is that if they do open from the inside, can't one student open it for another student/person allowing for entry with weapons?
Comment by AN — 1:58 pm December 18, 2012 #
thanks, Aly. I had asked SPS communications yesterday if this was Sealth only, or if others were doing the same – and the reply was just for Sealth. But now I just found what you're mentioning, in the daily bulletin, and I see they just started today – TR
p.s. I've been in a lot of school buildings after hours for meetings and have never encountered a door locked from the inside, just the outside. Unless of course some physical locking measure is taken – such as chain/padlock …
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SOUTH YARMOUTH – A tractor-trailer truck became wedged between snowbanks Wednesday afternoon while trying to turn onto South Shore Drive.
Around 4:30 p.m., police responded to the scene and pulled the truck from the snow with a winch, according to the Yarmouth Police Department.
The road was blocked for about an hour until the truck was freed.
There were no injuries.
Location, ST | website.com


text:
At Closet Works we build more than custom closet and storage solutions. We create sanctuary in your home, a special place that is yours and yours alone. And, we understand the crucial role a designer plays in developing that perfect place. That's why we have the best trained, most experienced designers. So please take a moment to learn more about Zena Hallman, the Closet Works designer who will guide your project.
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Great Buzzfeed page, "Signs You Ran Track in High School":
Joyful Athlete
Does it say you ran a 4:30 mile? Cause if it doesn't say that I'm not reading it.
PR's Since turning 40
400 meters 57.05 1 mile 4:41 5k 16:14 marathon 2:41
For the link to work you need to post the full link, not the abbreviated URL with the ellipsis in the middle.
A good half of the signs or more are irrelevant to when I ran track in HS. I can remember the HJ pit being filled with sawdust, not a cushy pad. Scar were from cinders imbedded in the quads after doing a face plant.
An "epic" journey: From Miler to Ultra Marathoner Blogs
12/28/2015 - Across the Years 24-Hour, Phoenix, AZ
While we had the big foam pads for HJ & PV, most tracks were either cinder or just plain dirt, and measured in yards.
i have scars on my left ankle from taking off too slow and getting spiked during a baton exchange in a 4x110 relay.
We ran in yards and our school track was cinders.
First race Sept 1977 last race Sept 2007
When I ran track there wasn't a girls team, the track was cinders, distances were in yards, Nike's hadn't been invented yet, and the coach's stop watch was the only watch at practice. My cinder scars are in my knee.
... you didn't [instead] decide to play on the tennis team! Coach never let me forget that.
Youth has no age. ~ Picasso * 1st road race: Charleston Distance Run 15 Miler - 1974. - Voice
I'm with wc and tom. Most of that stuff doesn't apply prior to the mid-80s.
Running since March 1976 -- Celebrating my 40th year of running.
"I run mostly to see things, to explore places I don't know. And the places I do know…, then I get a sense of the weather, the shifting light, the seasonal changes; it can be pleasurable even when you hurl yourself into the teeth of nature."
Edward Koren, Runner and Cartoonist, New Yorker magazine
When the going gets tough...sprinters quit.
There's no such thing as a "bad" run.
It's just that some are better than others.
The road belongs not to the swift, but to those who keep running.
Some of those things are after my time, which was more than 30 years ago, and make me feel old. But then some of y'all make me feel young. I did have Nikes and I've never seen a cinder track. But no one ever wore tights and we wore short shorts all the time, not just for track. There weren't meet t-shirts to buy. I don't remember having track meets on saturdays. It seems like they were on weeknights. Doesn't every team practice after school, not just track? The Stick? Really? Is it that common? I don't recall ever seeing one.
I'll bet there aren't too many who recall running 180 yd or 220 yd low hurdles instead of the 400m IH.
They run 300m in high school.
Depends on state and meet. A lot of the big relay carnivals like Penn Relays run 400m IH even for HS, though 300m IH is run at districts and states.
I also recall it was in my sophomore year that the two mile race was added to track events (at least in the state of Illinois). Until then the mile was the longest approved race. I fondly remember this as it allowed me to forever escape running the 880 and all relay events.
And several years later Illinois finally allowed a runner to run both the mile and 2-mile in the same meet. That was the Dave Merrick - Craig Virgin era.
Not many of the terms strike a chord in my experience. Some of us on the track team who avoided running. The stick? Do you mean a baton? We had the fatman's relay, and yes I was fully qualified to use the term with pride. Coach made us wear those short shorts, too. They looked good on the girls team, but not so good on the throwers.
I remember the 100 yards dash, 220, 440, etc..., but it was metric by the time I got to high school.
My brother who is 10 years older came home with a raw shin and calf from crashing on the hurdles. He had to scrub the cinders out. Bag balm worked wonders and he doesn't even have a scar.
I ran the 2 mile and sometimes the mile back in 1978-79 in WV
All 25 statements at the link are kind of bogus for us older runners.
I ran h.s. track and CC in Indiana in the mid/late 1970s. Here are my responses to all 25 statements:
1. In meets we didn't have to wear bib numbers. And, the IHSAA didn't permit us to run in the few open road races during any season in which you were on one of your school's teams. So, if you ran both track and CC...CC in the fall, indoor track in the winter, outdoor track in the spring...that left only summer for the few road races. Most were still small back then and didn't require bib numbers.
2. Most of my friends were track and CC runners.
3. Most meets were on weekday nights. Only the big invitational meets were on weekends...but they were mostly in the daytime.
4. Black plastic band LCD sports watches weren't around yet. Most runners didn't wear their metal or leather band watch when running. Some would carry a wind-up hand-held stopwatch.
5. Short shorts were what most runners wore (except for that old dude that lived down the road who ran in Chuck Taylor's', khaki pants with a belt, and a button up flannel shirt).
6. Nylon/Spandex tights weren't around yet.
7. Indiana didn't (doesn't) have steeplechase. I don't know of any h.s. runner that participated in it outside of big invitational meets. (Maybe in other states)
8. I almost never missed a late afternoon class due to meets/practice.
9. I ran the mile, 2-mile, sometimes the 880, and CC in the fall. When I was in h.s., many schools in Indiana were in the process of converting their tracks from yards to meters (some were still cinders). Some meets would in yards/miles, some were in meters. Consequently I learned to convert distances from one to the other quickly and efficiently.
10. Our home CC course went around the football practice fields. At home meets the football team would break practice and line the course to cheer for us turing the race. No other sport used our track. The football players respected the distance runners. It was actually back then that a football player once said to me "Your 'sport' is my sport's punishment."
11. Our infield was used only for football (Indiana didn't have soccer, lacrosse, field hockey, or any other field sport in those days).
12. Refer to response number 2. No abandonment issues.
13/14/15. Choosing a running shoe wasn't so difficult. There weren't that many styles yet, and no bright colors. Nike was a brand new company with only a couple of styles. You pretty much chose between "the" Nike running shoe, "the" Adidas running shoe, "the" Puma running shoe, or "the" Tiger running shoe.
16. The HJ/PV pits were only out during track season. They stunk like body odor anyway. No one lounged on them.
17. I didn't do the Presidential Fitness thing. Not sure it was around yet.
18. We didn't have t-shirts for meets. There weren't any to buy. Only the few road races had them and were part of your entry fee.
19. In h.s. my "goal" was to get with the hot babes on the girls track/CC teams.
20. I only know my own PRs.
21. Pasta, pizza, french fries, burgers, ice cream, and anything else I wanted. In season we were often running 50+ miles per week.
22. See number 21.
23. See number 21.
24. No.
25. "The Stick" wasn't around yet. For massage options see number 19. Maybe old propeller-driven whirlpool also.


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text:
The theme of this issue is Sum of the Parts, as in Aristotle's observation about synergy: "The whole is greater than the sum of its parts."
In industries from manufacturing to government, banking to healthcare, key business processes rely on printed or electronic documents...
LRS' recently-announced Intelligent Document Bundling (IDB) solution enables organizations to collect, decollate, format, bundle, and…
LRS has recently automated the process of formatting and merging multiple archived documents into a single file for printing on a VPSX-managed device…
The LRS Product Development team is constantly working to add new products and features to our overall output management suite...
In today's business world, two things are certain: companies want to save as much money as possible and workers demand more freedom in how they do their jobs. So it is no surprise that IT organizations are rushing to invest in "self-service" capabilities that let users control aspects of technology once deemed far too complex or risky to entrust to average employees.
What happens when a medical center loses its communication link to its remote hosted application provider?
A Song of Fire and Ice – and Tapas!
I am often faced with difficult questions about current printing environments, and one that's come up more than a few times is "Why does my SAP output disappear sometimes when using SAPSprint?"
Congratulations – you've been named the new CIO! Now let's take a look at that new Inbox…
CUPS is a modular, open source printing system for Unix-like operating systems, which allows a computer to act as a print server. Can CUPS serve you as and Enterprise Print Solution?
At LRS, we've been helping customers to eliminate Windows Print Servers for years. Minimizing print server cost is the most obvious motivation, but there are several other benefits which may not be so obvious
Are you considering a migration or an operating system switch away from your mainframe report archive solution?
It's "Innovate or Die" time in IT. What's in your stack?
Working on your MPS contract? Time to ask some hard questions.
Barcodes are currently the most common way to encode information in a machine-readable format. Read more to find out what approaches are available to create 2D barcodes from SAP applications
LRS helps customers to replace InfoPrint Manager and other point solutions with a highly-scalable output management solution that provides assured delivery of application output across thousands (or tens of thousands) of distributed printers.
Printing can be a nightmare in any environment where goods are shipped or service orders are sent via document. Read what one former SAP administrator learned during his time on the front lines of print support.
Every day, LRS helps customers solve output problems and reduce costs within their organizations. You're used to hearing LRS talk about what we do, but when an actual customer steps forward to say how LRS has helped them, that's far more compelling.
With ZPL Label Printers via a ZPL converter
Recently, LRS attended the annual Cerner Health Conference (CHC) in Kansas City, Missouri to discuss the challenges of managing clinical output in Cerner Millennium and Soarian environments.
Want real benefits? Try adding an output management service layer in your IT services stack…
Printing in a Citrix environment seems a lot simpler than it really is. Read about the challenges of printing in a thin-client / zero client environment and learn how your organization can overcome them.
In talking to organizations of all kinds, I've practically lost track of how many clients have said "Yep, we've got everything covered, now that we have a Managed Print Service agreement with XYZ Company."
Having a Managed Print Services agreement (MPS) is a good thing that can deliver lots of real-world benefits and improvements. But does it address all of your printing requirements across the enterprise, or should we be looking for ways to drive greater value from the MPS?
You do not use Microsoft WordPad that comes with Windows Operating Systems as your word processor; you buy Microsoft Word. For the same reasons, why would you use Windows Print Server software to handle output from your business critical applications? We chose LRS to handle that function for us.
Charles Harris, Duke University Health System
(LRS) take all these complicated printing activities and they wrap them up into an interface that is easy to use. We don't have Windows print servers anymore for our EMR printing. It is all is wrapped up in the LRS product. This is a lot of complexity that is just made much simpler.
Don Fosen, Edward-Elmhurst Hospital
Any administrator, director or manager looking for a system to manage their revenue or productivity reporting should consider LRS's PageCenterX product. PCX's report separation and archival features have allowed our customers to better manage cash flow, document changes and audit receipt of reports.
Elizabeth Sopko, University Hospitals Health System
I could write a book on how much we love LRS.
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Thanks to LRS' VPSX product, Brethren is able to reprint, view, and redirect large print jobs quickly and easily from one location without the need to regenerate them from scratch from many different sources, which results in large cost and time savings for hte operational staff.
John Snyder, Brethren Mutual Insurance Company
(We had) a problem that would have taken an hour to figure out and resolve without LRS. It took five minutes (with VPSX.)
Don Fosen, Edward-Elmhurst Hospital


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Valentine's Day means romantic dinners and nights on the town for many of us. But what about the birds and the bees?? They, too, have love lives and I, for one, wanted to know more about them (at least about the birds)! John Schaust, chief naturalist with the Wild Birds Unlimited franchise, recently did extensive research on the mating habits of birds and found some interesting "secrets." What better time than Valentine's Day to share them!
Pair Bonding Strategies
Birds have almost as many strategies as people do for getting together. Avian mating styles have been a topic of recent research and ornithologists now recognized how subtle and diverse bird partnerships really are.
The most typical type of partnership is monogamy, where one male and one female mate and stay together during the nesting season for the purpose of raising one or more broods of young. Some common North American birds that employ this strategy are the Carolina Chickadee, Northern Flicker, Blue Jay, and Scarlet Tanager. In many monogamous birds, the pair bond may last for only one nesting, in others it may last for an entire breeding season. At the far end of the spectrum are birds like Bald Eagles and Trumpeter Swans, whose pair bonds endure year-round, year after year.
One of the biggest urban legends is that the majority of birds mate for life. The reality is that most pair bonds in birds simply don't last very long and only about 14% of bird species form "till death do us part" partnerships. Advances in using DNA testing in bird research has led to the discovery that most monogamous birds engage in extra-pair mating with individuals other than their own bonded mates. The true bond for most monogamous birds is not a sexual bond, it is a social bond! A socially bonded pair will stay together on a common territory and raise their nestlings together, but sexual fidelity is not part of the equation.
More than 90 percent of bird species are now believed to be socially monogamous, with "cheating" and extra-pair mating being much more the norm than previously recognized.
Polygamy is when one member of a bonded pair of birds openly maintains multiple partners. When a male bird is polygamous it is called polygyny which means that one male generally forms pair bonds with numerous females. About two percent of the world's birds commonly adopt this strategy. Common North American birds that are polygynous include the Red-winged Blackbird, House Wren, Dickcissel and Yellow Warbler.
In many polygynous species the males don't participate much, if at all, in rearing the young, although they may defend a feeding territory that the females use. As a result, polygyny is most common among species nesting in environments where the females can find adequate food for the young close to the nest (such as grasslands and marshes); or in which the young can walk and feed themselves almost from birth like many grouse and shorebirds. When a female bird is polygamous it is called polyandry and it means that one female forms pair bonds with several males. Less than one percent of birds utilize this strategy, almost all of them are rails and shorebirds such as the Spotted Sandpiper. In these species, typical sex roles are largely reversed. The females are bigger, more colorful and showier than the males, and they perform courting displays to compete for partners. They even defend breeding territories against other females. In most polyandrous species, the female lays eggs in several nests and different males take responsibility for incubating and raising the young. This leaves the female free to attract other mates. The more food-rich a female's territory, the more successful she's likely to be.
Page 2 of 3 - Promiscuity
In promiscuous species, each female may mate with many males and/or each male can mate with multiple females. Promiscuous birds do not form any type of pair bond and anything goes as for who mates with whom. All the hummingbirds of North America are promiscuous, and about six percent of the world's birds also utilize this strategy. Among promiscuous birds, the females almost always raise the young alone.
Courtship Behavior
Before a bond can be formed, birds typically perform courtship rituals to make sure they are selecting the best possible mate. There are many different types of these rituals, and understanding some of the basic courtship behaviors can help readers to better appreciate and enjoy the bird relationships that are occurring in their very own backyard.
Preening behavior between male and female birds can be part of the courtship rituals to help diffuse their normal territorial boundaries and aggression. The birds may lightly preen one another, sit with their bodies touching or otherwise lean on one another to show that they are not intending to harm their partner.
Singing is one of the most common ways birds can attract a mate. The intricacy of the song, or the variety of different songs one bird can produce, help to advertise its maturity and intelligence – desirable characteristics for a healthy mate. Singing can also broadcast the boundaries of one bird's territory, warning off competition. For some species, only one gender (most usually the males) will sing, while other species may create a duet as part of the bonding ritual.
Flamboyant plumage colors and elaborate displays of prominent feathers, skin sacs or body shape can show off how strong and healthy a bird is, advertising its suitability as a mate. Hummingbirds are one of the best known bird species for their stunning display of the males' iridescent gorget, while male Red-winged Blackbirds are known to selectively display their bright red wing patches when defending their territory.
Sharing food is a common part of the bird courtship behavior for many species. A male bird may bring a morsel to the female, demonstrating that he is able not only to find food, but that he can share it and is able to provide for her while she incubates eggs or tends the young. For some species the male may simply provide food for the female to eat, while in other species he will actually place a seed or insect directly in her mouth just as he might be expected to do when helping feed hungry nestlings.
The dancing courtship rituals in birds can take many forms, such as wing flaps, head dips and intricate footwork. In many species, the male alone will dance for his female while she observes his actions, while in other species both partners will interact with one another. Dance mistakes show inexperience or hesitancy and would likely not lead to a successful mating.
Page 3 of 3 - Nest Building
Some birds seek to attract a mate by showing off their building skills. Constructing nests before the female arrives is a way for males to claim territory and show the suitable nesting areas they can defend. They may also decorate the nest with pebbles, moss, flowers or even litter to make it more eye-catching. The female may then choose the nest she prefers, or she may still build her own after mating with her chosen male.
Breeding Bird Fun Facts
The largest known clutch of eggs ever laid in a single nest:
Northern Bobwhite – 28 eggs (world record)
The largest number of nest broods produced in one year
Mourning Dove - up to six broods per year
Which bird has been known to mate over 600 times to produce a single clutch of eggs?
Northern Goshawk
The shortest period any bird spends incubating eggs?
Black-capped Chickadees – 10 to 11 days (world record)
The longest period any bird spends incubating eggs?
California Condor – up to 50 days
The largest nest constructed in a tree?
Bald Eagle – 9 feet wide, 20 feet deep, weighing almost 3 tons (world record)
The highest nest constructed in a tree?
Marbled Murrelet – 148 feet high (world record)
The largest colony of birds to ever nest in North America?
Passenger Pigeon (extinct) – about 136 million birds covering 750 square miles (world record)
The most northerly nesting species of hummingbird?
Rufous Hummingbird nests in Alaska.
The oldest wild bird documented to successfully raise a chick?
Laysan Albatross on Midway Island = 60 years old! (world record)
Julie Bruser, member of the Northwest Illinois Green Team, is the chairperson of the Conservation Guardians of Northwest Illinois and the former executive director of the Jo Daviess Conservation Foundation. She currently owns Wild Birds Unlimited in Galena
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Charlotte Brontë(1816-1855), Novelist
Charlotte Brontë (Mrs A.B. Nicholls)
Sitter associated with 4 portraits
One of the Brontë sisters; a novelist whose books, including Jane Eyre, and Villette, extended the emotional range of English fiction. Acutely shy in person, Brontë fearlessly questioned social conventions in her novels, drawing on her experience as a teacher and governess. The daughter of an Anglican clergyman, she married her father's curate, the Rev. A.B. Nicholls, in 1854, but still faced criticism for the seemingly immoral qualities of her strong female characters. In writing her biography, Elizabeth Gaskell aimed to restore Brontë's respectability, and succeeded in establishing her reputation as a tragic, but courageous figure who demonstrated the intellectual ability of women.
The Brontë Sisters (Anne Brontë; Emily Brontë; Charlotte Brontë)
by Patrick Branwell Brontë
oil on canvas, circa 1834
On display in Room 24 at the National Portrait Gallery
by George Richmond
chalk, 1850
Unknown woman, formerly known as Charlotte Brontë
by Unknown artist
watercolour, 1850
by Walker & Boutall, after George Richmond
collotype, (1850)
Related People
- Patrick Brontë (father)
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India: beyond the blockbuster
Indian distributors are discovering the attractions of independent foreign films. Udita Jhunjhunwala reports.
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HOME NFL New Orleans Saints Gear New Orleans Saints Kids New Orleans Saints Kids Youth (88 items) Product ID: 1695722
Main Content
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Don't send your youngster out to cheer on his New Orleans Saints without putting him in this Unbreakable Flex hoodie! The performance technology in this pullover will keep your young fan comfortable no matter what his day entails! The embroidered New Orleans Saints logo sits just below sublimated tackle twill lettering to give him the look of an ultimate fan. He'll love getting to show off his love for the New Orleans Saints when he has a hoodie like this to do all the boasting for him!
- Contrast hood lining with sublimated graphics
- Embroidered tackle twill applique graphics
- Fleece lined
- Front pouch pocket
- Heat-sealed graphics
- Hood with no drawstring
- Quality embroidery
- Rib-knit cuffs and waist
- Long sleeve
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- Officially licensed
- Imported
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Special event items are produced by manufacturers only after the outcome of a game or event. These are advanced sale items and will ship immediately after they are received in our warehouse.
Manufacturer direct items are shipped directly from the manufacturer. These items are not available for international or expedited shipping.
Customized items can be personalized with options such as your name, your favorite number, and/or designs. Some options may be limited by league rules.


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Coming Soon · In Theaters · Lists
Rash Behavior: Can Writerly Antics Past Predict This Year's Oscar Shenanigans?
Angelina Jolie © Featureflash/Shutterstock; Jim Rash via YouTube
It was the Oscar pose heard 'round the world. Before doling out the best adapted screenplay award last year, Angelina Jolie hit the stage in a black gown, placed her left hand on her hip and beveled out the right revealing one of the thighs that launched a thousand Pitts. It was the evening's most scintillating moment, that is, until seconds later when Jolie called the writing team behind "The Descendants" to the stage. While director Alexander Payne accepted, bald-headed, bespectacled Jim Rash banked stage left, Oscar in hand, and assumed the leg-out Jolie position with all the concentration of an Olympic diver at the end of his board.
Any connoisseur of Oscar trash can quickly rattle off Cher's ostracized Bob Mackie headdress, Rob Lowe's laser-beam duet with Snow White or the Indian squaw Marlon Brando sent to the podium in his stead, but with the exception of Sacheen Littlefeather, these folks are all professional actors. What happens when lowly writers locked in a room all year spring from their cages? Rash is just the tip of the iceberg.
On November 3, 1930, screenwriter Frances Marion took the stage of Los Angeles' now demolished Ambassador Hotel to accept the Academy Award for her original script "The Big House," making her the first woman to take home a non-acting award. Though classifying her craft as "the refuge of the shy," Marion would rule the roost for several more years as Hollywood's highest paid writer: male or female. Back then, the prize was simply called "Writing Achievement" and would go through several clumsy iterations, including "Screenplay Based on Material from Another Medium" (hello, "Ghost"), before finally settling under the heading "Best Adapted Screenplay," where it's been for the last decade, but the milestone of writers behaving badly probably dates back to the three-time winner Paddy Chayefsky.
The "Network" scribe used the podium to publicly slap Vanessa Redgrave for her "Zionist hoodlums" speech in 1978, saying, "Her winning an Academy Award is not a pivotal moment in history, does not require a proclamation and a simple 'Thank you' would have sufficed" before accepting his own Oscar from Norman Mailer "in the name of all us perverts."
The following year, newcomer Oliver Stone banked a fairly demure acceptance speech for his adaptation of "Midnight Express," dedicating the award to "all the men and women all over the world who are in prison tonight." Of course, Stone being Stone, he later publicly apologized for the film during a trip to Istanbul admitting he "over-dramatised the script."
Fast forward to 1996 and imagine Frances Marion doing barrel rolls in her grave as Emma Thompson takes the stage to accept the clunkily named Oscar for "Writing (Screenplay Based on Material Previously Produced or Published)" for her adaptation of Jane Austen's Sense and Sensibility. Ms. Thompson began by detailing a visit to "Austen's grave in Winchester Cathedral to pay my respects, you know, and to tell her about the grosses. And I don't know how she would react to an evening like this but I do hope, I do hope she knows how big she is in Uruguay." And while cementing her kooky Brit status in Hollywood, it was a major step down for Thompson from her Golden Globes speech earlier that year wherein she actually accepted as Jane Austen. And while her description of "The Golden Spheres" and its "heat, noise, and overcrowding" initially got some laughs, it quickly lapsed into awkward-ville as Thompson went on to thank director Ang Lee and star Kate Winslet. As Austen!
The following year, awards loose cannon Jodie Foster handed off the screenplay award to Oscar's first Billy Bob and his script for "Sling Blade." A Colonel Sanders-tied Mr. Thornton began his acceptance speech with a "Whoa, Lord have mercy" that elicited the requisite whoops from the audience. He later sported a black ZZ Top baseball cap in the backstage winner's circle. Not to be outdone, novelist John Irving set the record for use of the word "abortion" during his 2000 speech when he accepted for adapting his own "Cider House Rules," capping his thanks with a nod to Planned Parenthood.
It's anybody's guess, but "Silver Linings Playbook" scribe David O. Russell would certainly ascend the podium as Hollywood's biggest bad boy with not only a pending battery charge, but also a potty-mouthed, viral freakout on star Lily Tomlin during his "I (Heart) Huckabees" shoot still clogging email in-boxes. Playwright Tony Kushner is best known for his Pulitzer Prize winner "Angels in America," which clocks in at seven hours and is usually performed over two consecutive evenings. His win for "Lincoln" could dictate an Oscar day-two results show, but Kushner's controversial stance on Palestine could also make him this year's Vanessa Redgrave.
"Life of Pi" adaptor David Magee used to earn his keep abridging books and Chris Terrio's script for "Argo" was based on a 5,000-word feature in Wired magazine so we can expect short speeches in either case, but the real wildcards in this category are "Beast of the Southern Wild" collaborators Lucy Alibar and Benh Zeitlin. These screenwriters are such relative newcomers that they could bet the farm and bring home the Katrina-infused sentiments of their script by emulating notorious awards disrupter Kayne West who raged, "George Bush doesn't care about black people" during a live televised Katrina benefit for The Red Cross. In any event, let's keep a paramedic at the ready.


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Purdue coach Darrell Hazell shouts instructions to his defense during the 44-7 loss to Nebraska on Saturday in Ross-Ade Stadium.
- Filed Under
Looking back, looking ahead at four topics related to Saturday's 44-7 loss to Nebraska and this week's matchup at Michigan State:FIRST DOWN
One month ago, the 2013 Purdue football season showed promise.
A 31-24 loss to Notre Dame under the portable lights at Ross-Ade Stadium appeared to give the Boilermakers a foundation under first-year coach Darrell Hazell. ...


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Petra A.'s BadgesFoursquareDownward Facing Dog
After countless chakra cleansing hours, you're making those stretch pants proud with a perfect Half Moon and an om-mazing Tree Pose. Namaste.
Petra A. unlocked the Downward Facing Dog badgeFebruary 5, 2011
Download Foursquare for your smart phone and start exploring the world around you!


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Vice President for Student Affairs
Email: firstname.lastname@example.com Phone: (301) 860-3391
As Vice President for Student Affairs since December 2006, Dr. Travis is responsible for providing leadership for a comprehensive student centered program of professional and support staff in the following component areas: The Center for Alcohol, Tobacco and other Drugs (ATOD), Campus Police, Career Services, International Student Services and Cooperative Education, Cheerleading, Counseling, Greek Life, Student Health and Wellness, Intramurals and Recreation, Commuter Programs, Student Conduct and Discipline, Residence Life Programs, Student Activities and Student Government (undergraduate and graduate), Leadership Programs and the Wiseman Student Center Complex (which in Conference Services).
In addition, Dr. Travis is responsible for overall crisis prevention and intervention, disaster planning and preparation, fundraising for the Division of Student Affairs, and assigned roles in university leadership.
Prior to his arriving at Bowie State he served in Senior Leadership positions at a number of other schools, to include serving as Vice Chancellor of Student Affairs at Elizabeth City State University in North Carolina, Vice President and Dean of Students at Oglethorpe University in Atlanta, Executive Director of Student Activities and the UConn Student Union at the University of Connecticut in Storrs, CT, and Director of Student Activities and Minority Student Affairs at Furman University in South Carolina. Other leadership roles include serving as Assistant Director of Student Involvement and Minority Programs at the University of Maryland College Park, and Director of the African American Cultural Center at both UCONN and at Western Illinois University.
Dr. Travis received his undergraduate and graduate degrees in Political Science/Public Administration from Western Illinois University and his Doctorate of Education from the University of South Carolina. Dr. Travis served two years in the United States Army attached to the 421st Medical Air Ambulance Company in Germany prior to starting college.
Coordinator of Student Conduct/Special Assistant to the Vice President of Student Affairs
Email: firstname.lastname@example.com Phone: (301) 860-3394
Thomasina Boardley is the Judicial Affairs Coordinator with the responsibility for the overall management and supervision of the University's non-academic disciplinary system. She also serves as the Special Assistant to the Vice President of Student Affairs where she coordinates special events and programs for the Division.
Thomasina Boardley has worked at Bowie State University since August of 2008. She started as the Athletics Academic Counselor and became the Compliance Officer in January of 2010. Prior to her arrival at Bowie State University, she was the Special Educational Instructional Team Leader at River Hill High School in Howard County, Maryland, Special Education Department Chair and Special Education Teacher at High Point High School in Prince George's County, Maryland.
Thomasina enjoys helping others, working with students and coaching cheerleading. Ms. Boardley is currently coaches the Golden Girls at BSU for the past 5 years.
Thomasina resides in Crofton, MD with her husband Tyrone, and daughters, Taylor and Tori. She received her Bachelor of Arts degree in Special Education from the University of Maryland Eastern Shore.
Staff Assistant to Vice President for Student Affairs
Email: firstname.lastname@example.com Phone: (301) 860-3393
Deborah McClure currently serves as the Assistant to the Vice President for Student Affairs. In this role, she provides administrative assistance and guidance to the Vice President as it relates to Student Affairs issues. She oversees the day-to-day operations of the Office of Student Affairs. She supervises the clerical and other support staff within the office. Additionally, she serves as the Budget Officer for the entire division as well as the official time keeper. Ms. McClure brings an enormous wealth of knowledge and expertise to her position as she has served the Division of Student Affairs in various capacities and Bowie State University for over forty years. Her most recent undertaking is that of Coordinator for the University's Honda Campus All Star Challenge Program, a program which strives to improve and enhance our student's educational pursuits.
Deborah enjoys singing with her church choir (First Baptist Church of Annpaolis), listening to music and reaching out to others anyway that she can.
Deborah resides in Annapolis, Maryland and is the proud mother of one son, Carl who is a Bowie State Alumni.
Administrative Assistant to the Assistant Vice President of Student Affairs
Email: firstname.lastname@example.com Phone: (301) 860-3390
Ms. Johnson works closely with the Assistant Vice President of Student Affairs in conjunction with the Staff Assistant to the Vice President of Student Affairs. She brings a warm and pleasant personality as she helps to manage day to day operations in the office. Ms. Johnson coordinates with a variety of university wide committees on behalf of the Office of the Vice President.
Ms. Johnson assists with gathering and administering documentation for Judicial Affairs cases. She serves as the division resource for student conduct issues and confidential request from external agencies.
She is also responsible for the maintenance and coordination of the calendars for both the Vice President and the Judicial Affairs Coordinator/Special Assistant to the Vice President of Student Affairs.
Trish, who is the proud mother of a son Devin, will be enrolling at BSU in spring 2011 to continue her pursuit of a Bachelor's of Science degree in Psychology.


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|Selecting the best site for pacing leads after cardiac surgery by evaluating the asynchrony of myocardial deformation observed with different pacing sites.
MedLine Citation:
|PMID: 20875356 Owner: NLM Status: In-Process
|INTRODUCTION AND OBJECTIVES: After cardiac surgery, temporary pacing leads are routinely implanted in the right ventricle (RV). The objective was to investigate the effect of different ventricular pacing locations on cardiac synchrony (by evaluating myocardial deformation, or strain) and efficiency in patients undergoing cardiac surgery.
METHODS: Interventricular asynchrony (i.e. the difference in the time of onset of deformation between right and left ventricles; Tε-R/L) and intraventricular asynchrony (i.e. the standard deviation and maximum difference in the time of onset of deformation in six segments of the left ventricle [LV]; Tε-SD and Tε-MD, respectively) were assessed in 19 patients. Doppler echocardiography was used to evaluate these parameters and cardiac output after pacing in the RV and in three different LV segments.
RESULTS: Pacing in the RV resulted in the greatest increases in asynchrony parameters from baseline: Tε-R/L 59.8 ms (standard deviation [SD] 40.5 ms) vs. 28.23 ms (SD 56.9 ms), P=.002; Tε-SD 53.2 ms (SD 34.4 ms) vs. 36.6 ms (SD 34.9 ms), P=.007; and Tε-MD 135.3 ms (SD 82.9 ms) vs. 90.5 ms (SD 87.4 ms), P=.007. Pacing in the LV resulted in less asynchrony: for anterior LV pacing, Tε-R/L was 17.2 ms (SD 53.8 ms), Tε-SD was 35.8 ms (SD 17.9 ms), and Tε-MD was 91.3 ms (SD 45.2). The change from baseline was not significant. Cardiac output was lower after RV pacing than after anterior LV pacing: 4.36 (SD 1) vs. 4.70 (SD 1); P=.001.
CONCLUSIONS: Pacing in the LV produced less asynchrony than RV pacing. In addition, anterior LV pacing resulted in a higher cardiac output than RV pacing. These findings suggest that the location normally used for temporary leads after cardiac surgery should be changed.
|José Luis Moya-Mur; Enrique Oliva-De Anquin; Tomasa Centella-Hernández; Soledad Ruiz-Leira; Alicia Megías-Sáez; Juan Pablo Tomás-Zarlenga; Antonio Hernández-Madrid; Eva García-Galloway; Concepción Moro
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Publication Detail:
|Type: Journal Article
Journal Detail:
|Title: Revista española de cardiología Volume: 63 ISSN: 1579-2242 ISO Abbreviation: Rev Esp Cardiol Publication Date: 2010 Oct
Date Detail:
|Created Date: 2010-09-29 Completed Date: - Revised Date: -
Medline Journal Info:
|Nlm Unique ID: 0404277 Medline TA: Rev Esp Cardiol Country: Spain
Other Details:
|Languages: eng; spa Pagination: 1162-70 Citation Subset: IM
|Servicio de Cardiología, Hospital Ramón y Cajal, Madrid, España. firstname.lastname@example.com
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|APA/MLA Format Download EndNote Download BibTex
|MeSH Terms
From MEDLINE®/PubMed®, a database of the U.S. National Library of Medicine
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|Blurbarian Since
|June 2013
|Viola Ware
|Washington, United States
|My Bio
Viola Ware lives on the Olympic Peninsula where she works as Program Director of Dream U a work/training program and Drop-in center for homeless and at-risk youth and young adults in rural Clallam County.
Viola is currently in school full time pursuing a degree in Criminology and Gender Studies. She hopes to continue on to research. In 2012, Viola was named to the All-Washington Academic Team and has managed to maintain a place on the Dean's list for her academic efforts.
As well as having a number of articles and photos appear in The Buccaneer, Viola's poetry has been published in the Tidepools Literary Magazine's 2011, 2012, and 2013 issues, winning first place in the category of Student Writing in 2011 and first place in Adult Poetry in 2013. She has also had a number of poems appear in In Between Hangovers published in the UK, as well as in the second issue of Killpoet magazine.
|Spoiler alert: I'm thinking my next book will be about...
|I am currently trying to raise funds to supply disposable cameras to homeless and at-risk youth in rural Clallam county. They will use these cameras to record their lives and tell their stories from their own perspectives.


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An unauthorized procurement is an act obligating Clemson University in a contract by any person not authorized to do so in accordance with Clemson University procurement policies and procedures.
In accordance with the South Carolina Consolidated Procurement Code Section 11-35-540 and Procurement Regulation 19-445.2015, an unauthorized procurement must be ratified by the agency head before a purchase order can be issued and payment made. The department in violation uses buyWays to enter a requisition and detailed explanation to the Director of Procurement stating the facts and circumstances surrounding the act. The Director of Procurement prepares a detailed explanation stating the corrective action being taken to prevent reoccurrence as well as the action to be taken against the individual responsible for the unauthorized procurement, documents that the price is fair and reasonable, and routes it through appropriate channels to the President of the University for approval. Once the president has reviewed and ratified this unauthorized procurement, the PO is created that is then filed in buyWays for record, against which a payment can be processed to the vendor.
In accordance with the Procurement Code, the following outlines actions that will be taken against the individual committing the act: