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Michi Fu
Personal Information
California School of Professional Psychology
Clinical Psychology
Los Angeles Campus
Associate Professor
Associate Professor
Courses, Research Interests, Publications
Clinical Interviewing for Substance Abuse Counselors
Cross-Cultural Psychology
Multicultural Psychology
Ethics and Professional Development
Intelligence Assessment
Spirituality and Multicultural Mental Health
Intercultural Processes and Human Diversity
Psycho-Social-Cultural Nursing Concepts
Cross-cultural (Asian-American) mental health issues; sexual abuse and trauma of women and children; nonverbal therapies and female mental health issues; advocacy of diverse populations and mental health needs; sexually risky behaviors and prevention; personal adjustment
Fu, M. (2008, July/August). Mental wellness of "Model Minorities": Working with Asian Americans. The California Psychologist.
Fu, M. (2008, January). Standardized or authentic assessment, that is the question. PsycCRITIQUES, 20080101, Vol. 53, Issue 28
Fu, M. (2007, July). Helping those working with self-injurers: A review of D'Onofrio's Adolescent Self-Injury. PsycCRITIQUES, 20080101, Vol. 53, Issue 6
Fu, M. (2006, October). Moving Beyond the Tiger or the Lady. Asian American Psychological Association Division on Women Newsletter.
Fu, M. (2006, June). Nonverbal therapy with Asian Americans. In Edith Chen (Ed.) Working With Asian Americans, Alta Mira Press, CA.
Leong, F., Inman, A., Ebreo, A., Yang, L. H., Kinoshita, L., and Fu, M. (2006, August). The Handbook of Asian American Psychology, Second Edition, Sage Publications, Thousand Oaks, CA.
Leong, F., Inman, A., Ebreo, A., Yang, L. H., Kinoshita, L., and Fu, M. (2006, August). Introduction and Overview. In F. Leong, A. Inman, A. Ebreo, L. Yang, L. Kinoshita, and M. Fu (Eds.) The Handbook of Asian American Psychology (2nd Ed., pp. 1-7). Sage Publications, Thousand Oaks, CA.
Kawahara, D. and Fu, M. (2006, August). Asian America Women. In F. Leong, A. Ebreo, A. Inman, L. Kinoshita, and M. Fu (Eds.) The Handbook of Asian American Psychology (2nd Ed., pp. 181-196). Sage Publications, Thousand Oaks, CA.
Fu, M. (June 2005) A legend leaves us: A tribute to Patrick Okura. Asian American Psychologist: A Newsletter of the Asian American Psychological Association.
Fu, M. (Winter 2005) Education Leadership Conference. Asian American Psychologist: A Newsletter of the Asian American Psychological Association.
Fu, M. (Spring 2004). Acing your final exams. Hall Headlines of the University of Hawaii at Manoa Residential Life.
Fu, M. (April 2004). Comfortably numb: Substance abuse and sexual assault survivors. Healing Hearts, Building Futures: Biannual Publication of the Sex Abuse Treatment Center.
Fu, M. (2009, January). Social Justice and Advocacy: Difficult Dialogues. Invited facilitator for National Multicultural Conference and Summit. New Orleans, LA.
Fu, M. (2009, March). Whatever it Takes. In K. McDaniels Wilson (Chair) An Action Agenda: Eliminating Health Disparities in Underrepresented Groups. Invited panelist for the American Psychological Association State Leadership Conference. Washington, D.C.
Fu, M. (2008, March). Critical Community Collaboratives in Working with Asian Pacific Islander Children, Youth, and Families: Lessons Learned. In G. Masuda (Chair). Cross-Cultural Conference. San Diego, CA.
Fu, M. (2008, April). Bicultural Conflicts: Therapeutic Considerations with Asian American Females. In D. Kawahara (chair) Therapy w/ Asian American Females. California Psychological Association Annual Convention. Anaheim, CA.
Fu, M. (2008, March). Integrating mind/body health: Culturally sensitive therapy with Asian American adolescents. In J. Josephine (Chair) invited panel presentation of the American Psychological Association State Leadership Conference. Washington, D.C.
Fu, M. and Peck, J. (2008, November). Leadership Styles. Invited Keynotes Address for the California Psychological Association of Graduate Students Leadership and Advocacy Conference. Alhambra, CA.
Fu, M. (2008, June). Invited Commencement Address for the Alliant International University Commencement Ceremony.
Fu, M. (2008, April). Balancing work, family and community. Invited Address for the North American Taiwanese Women's Association National Conference. Los Angeles, CA.
Fu, M. and Peck, J. (2008, April). Transformation vs. Transactional Leadership. Co-Chair of the California Psychological Association Leadership and Advocacy Conference. Sacramento, CA.
Fu, M. (2007, October). Outreaching and Engaging Asian Pacific Islanders. Invited panel presentation conducted at the Los Angeles County Department of Mental Health Children's Provider Meeting. Los Angeles, CA.
Fu, M., Cervantes, J., and Comas-Diaz, L. (2007, January). Bringing Psychology to the Asian American Household. In J. Cervantes (Chair), "Taking it to the Streets" Social Advocacy. Symposium conducted at the National Multicultural Conference and Summit. Seattle, WA.
Fu, M. and Mesidor, M. (2007, August). Negotiating in the Workplace. American Psychological Association Division 35 Early Career Task Force Roundtable Discussion Facilitator. San Francisco, CA.
Fu, M., Burke, E., Shorter-Gooden, K., and Rosenblatt, M. (2007, January). The Impact of Spiritual Beliefs and Ethnic/Gender Considerations. In E. Burke (Chair), Teaching Cultural Competency: Individuals with Multiple Identities. Symposium conducted at the National Multicultural Conference and Summit. Seattle, WA.
Fu, M., Masuda, G., Cheng, R. and Gock, T. (2007, August). In M. Fu (Chair), Bringing Psychology to Asian American Families. Symposium chair at the Asian American Psychological Association 2007 Annual Convention. San Francisco, CA.
Chou, S., Fu, M., and Wu, J. (2007, August). Effective Marketing Strategies. In S. Chou (Chair), Private Practice: Words of Wisdom. Symposium conducted at the Asian American Psychological Association 2007 Annual Convention. San Francisco, CA.
Fu, M., Kawahara, D., Kim, S., and Le, P. L. (2006, March). Assertiveness Training w/ Asian American Women. In M. Fu (Chair), Hear Our Voices: Empowering Asian American Women. Symposium conducted at the Asian American Psychological Association Southern California Regional Conference, Long Beach, CA.
Carillo, K., Chiu, B., Fu, M., Johnson, L., Kuk, C., Masuda, G., and Pedersen, J. (2006, May) Working Together: Case Presentation and Collaboration. In M. Fu and G. Masuda (Co-Chairs), Community Collaboration for Children, Youth, and Families: Working with our "Extended Family" (Panelist). Symposium conducted at the Advancing API Community Behavioral Health Care Services: Lessons for the Future. Rosemead, CA.
Fu, M. (2006, October). Mental Health Advocacy: Overseas Young Health Professionals Fellowship. Invited speaker at Pacific Clinics Psychology Quarterly Meeting. Pasadena, CA.
Brown, G., Fu, M., Mejia, O., and Smith, D. (2006, March). Translation of Emotional Expressions Across Asian Cultures. In G. Bhatia (Chair), Developing Cutlural Competency/Empathy in the Clinical Setting. Panel presentation conducted at the Los Angeles County Psychological Association Continuing Education Workshop, Los Angeles, CA.
Fu, M., Ngo, V., and Yang, L. (2005, August). From your hill to the Hill: Public advocacy made easy. In L. Yang (Chair), Integrating Public Policy Advocacy and Research: Views From Young Professionals. Symposium conducted at the Annual Asian American Psychological Convention, Washington, D.C.
Fu, M., DeLeon, P. Enonomoto, K., and Yee, B. (2005, August). How to be an effective advocate for Asian American and Pacific Islander Policy. (Chair) Invited Presentation conducted at the Annual Asian American Psychological Convention, Washington, D.C.
Fu, M. (2005, June). Alternatives to "Don't Talk Back: 15 Communication Tips for Parenting in the US." Panel Participant for Overcoming Communication Barriers with Your Children Taiwanese American Professionals Panel Discussion, Rosemead, CA.
Fu, M., Gock, T., and Masuda, G. (2005, April). Asian Americans in Psychology. Panel Participant for Asian Pacific Heritage Month Speakers Panel of Asian Pacific Student Network at the California School of Professional Psychology of Los Angeles, CA.
Fu, M. (2005, April). Asian American Gender Roles. Guest Lecture for Psychology of Asian Americans, University of California at Irvine, CA.
Fu, M., Dudley-Grant, R., Greene, B., Guevara, L., and Ragsdale, B. (2005, August). In R. Dudley-Grant (Chair), Presidential Miniconvention: Working With Culturally Diverse Clients in Practice (Discussant). Symposium conducted at the Annual American Psychological Association Convention, Washington, D.C.
Fu, M. (2004, February). When Words Aren't Enough: Treatments For Victims of Sex Assault. Grand Rounds Presentation for Queen's Psychiatric Residents, Honolulu, HI.
Fu, M. (2004, January). Sexual Assault Services That Work. Presentation for Na Loio Immigrant Rights and Public Interest Legal Center, Honolulu, HI.
Academic History and Background
BA, Psychology, University of California, Riverside, 1994
MA, Counseling Psychology, Boston College, 1996
PhD; California School of Professional Psychology, Los Angeles, 2002
Licensed Clinical Psychologist -State of Hawai'i, License No. 818 (September 2003) -State of California, License No. 19701 (June 2004)
Overseas Commission Compatriot Young Health Professionals Fellowship, 2006
University of Hawaii Student Equity, Excellence, and Diversity; Diversity and Equity Grant Recipient, 2003-2004
Okura Mental Health Leadership Foundation Fellow, 2002
Asian American Psychological Association Division on Women Award Recipient (2000 & 2002)
California Psychological Association, Governmental Affairs Committee, Steering Committee Member, 2009
California Psychological Association, State Leadership Conference Diversity Delegate, 2008-2009
California Psychological Association, Governmental Affairs Committee, Co-Chair, 2008
California Psychological Association, Division VII Board Member, 2008-2009
Asian American Psychological Association, Leadership Fellow Mentor (2008 to present), 2008
APA Division 35, Early Career Task Force, 2007
APA Division 12, Section 6 Mentoring Committee and Executive Committee, 2006
Asian American Psychological Association, Executive Task Force of Social Justice and Advocacy Chair (2005-2008) and Member (2008 to present), 2005
Taiwanese Psychological Network Member (2004 - present), 2004
Asian American Psychological Association, Board Member, 2003-2005
Asian American Psychological Association, Convention Program Reviewer (2003-present), 2003
Association for Play Therapy, Hawaii Chapter, 2002-2004
Hawaii Psychological Association, Member (2000-present), 2000
Asian Pacific Student Network, Co-Founder, 1998-2002
Student Affiliation for Multicultural Mental Health, Founding Chair (1998) & Consultant, 1998-2002
Asian American Psychological Association, Student Board Member, 1998-2000
Asian American Psychological Association, Division on Women, Student Representative, 1997-1999
American Psychological Association
Asian American Psychological Association, Southern California Regional Conference Committee Member (2005-2006, 2008-2009)
Professional Practice and Community Service
Program Director/API Child Collaborative Coordinator, January 2007 to present, Asian Pacific Family Center, Pacific Clinics (Rosemead, CA), 2007
Licensed Psychologist, January 2005 to present, Private Practice (Rosemead and Rolling Hills Estates, CA), 2005
Languages: Chinese - Mandarin and Taiwanese (Conversationally Fluent)
North America Taiwanese Women's Association (II) - Consultant & Speaker


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McDonalds: What am I lovin next?
By Shawn Duncan, Srikant Akula, Zarmineh Rab, Roman Yasinsky, Isabella Delboni and Philippe Richard
McDonalds is the world's biggest food service retailer serving more than 60 million customers each day in over 30,000 retail locations in 118 countries. McDonalds is growing at an annual rate of 3-8% worldwide. Annual revenues are in excess $24 B with a net income of $4.9 B. Earnings per share $4.59 with a dividend yield at nearly 3%. McDonalds has over 385,000 employees in its various stores around the world.
In early 2002, after posting a fist quarterly loss McDonalds began a major restructuring of its operations. Over 700 restaurants worldwide were closed and many employees were laid off. McDonalds exited from several countries where brand had a negative perception.

subset: commoncrawl


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You don't have to write a book to publish your family history research for future generations, and you don't have to wait until you have eliminated every brick wall to start publishing.
That's what one of my favorite bloggers, Denise Barrett Olson, has to say in a recent blog post. You can get all the details spelled out much more spiffily than I can do it by reading her contribution to FamilySearch.org's Techtips at this link: http://goo.gl/KVjbn. A brief quote got me to thinking:
And, who says your family history has to be a book? Why not a documentary? Or a multimedia scrapbook? Or a blog?
While there take a look at some of the other Tech Tips.
FamilySearch TechTips
Technology tips for genealogists and family historians.
You can take a look at Denise's Moultrie Creek Gazetter at this link: http://moultriecreek.us/
Filed under: Resources, Tips Tagged: | FamilySearch, Olson, Tech Tips


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The Polston Family will be in concert at 6:30 p.m. on Sunday, Aug. 31 at Fairview Baptist Church. For more information, call Daryl Cox at 465-2058.
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This is an excerpt from EERE Network News, a weekly electronic newsletter.
March 31, 2010
DOE, Interior, and Army Corps of Engineers to Cooperate on Hydropower
DOE is working to expand the use of hydropower in cooperation with the Bureau of Reclamation and the U.S. Army Corps of Engineers, which together operate half of the nation's hydropower capacity.
DOE, the U.S. Department of Interior and the U.S. Army Corps of Engineers signed a Memorandum of Understanding (MOU) on March 24 to create a new federal approach to hydropower. The federal agencies have agreed to focus on increasing energy generation at federally owned facilities and to explore opportunities for new development of low-impact hydropower. The new agreement also provides an opportunity for DOE to connect its hydropower research and development efforts with the agencies that own, operate, and regulate federal water projects. The combined hydroelectric facilities of the Army Corps of Engineers and Interior's Bureau of Reclamation total about 34,000 megawatts, representing approximately half of the country's hydropower capacity.
Under the MOU, the agencies will identify specific federal facilities that will be well-suited as sites for sustainable hydropower, upgrade facilities and demonstrate new technologies at existing hydropower locations, coordinate research and development on advanced hydropower technologies, and increase hydropower generation through low-impact and environmentally sustainable approaches. The MOU is supported by detailed action items that the agencies have identified as areas of collaboration, including technology development and deployment, green hydropower certification, federal inland hydropower coordination, renewable energy integration and energy storage, and regulatory process facilitation. See the DOE press release, DOE's Wind and Water Power Program Web site, and the Bureau of Reclamation's Hydroelectric Power Web site.


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This is a meetup for parents who are raising their children without religion, who love reason as well as art, and who are looking for a community where they can find fun, support, and great company for themselves and their children.
Together, we join forces to develop and support secular humanistic values in our families. We get the benefits of church without the dogma.
Our volunteers have developed: Secular Sunday School - A class on ethics, science, and humanities for kids ages 4-10 every two weeks Teen and Tweens Group - With discussion oriented instruction with other fun activities.
We also organize playgroups & play dates for younger children, and a conversation group for secular parents. Please join us in planting the seeds of reason, building the strength of knowledge, and harvesting the love of this life.
The CFI Secular Family Network is a project of the CFI Community of Portland. ( http://www.centerforinquiry.net/portland) ( http://meetup.com/cfi-portland)
486 Assemblers
354 Skeptics
3,632 Smart and curious people
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text: Nancy Atherton's growing number of fans will certainly be delighted by Aunt Dimity's latest appearance in the honey-colored English cottage she bequeathed to her "niece," Lori Shepherd. Thanks to Aunt Dimity, Lori's life has taken on fairy-tale proportions: she's financially set for life and happily married or so she thinks. When Lori's plans for a second honeymoon to England with her workaholic husband fall through, she begrudgingly takes along her father-in-law who promptly disappears, leaving behind a mysterious note. Inspired and guided by the ghost of Aunt Dimity and her inimitable blue journal, Lori's search for the elderly gentleman turns into a harrowing mission to uncover a centuries-old family secret complicated by mistaken identities, falsified deeds, family feuds, and Lori's unseemly attraction to her husband's beguiling English cousin. In a delightful chase that takes her all over the English countryside, Lori discovers the true meaning of marital bliss, and Nancy Atherton's fans, new and old, will savor a masterpiece of old-fashioned fun.


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Joe Lacob called the Andrew Bogut acquisition a "transcendent move." Jerry West and the rest of the Warriors brain trust nodded with approval.
Assuming Bogut finally returns to health, can he really live up to that kind of hype?
"He's a top-three center behind Dwight (Howard) and Andrew (Bynum)," one Pacific Division scout said.
"As a total package, I think he's better than Bynum," said one Central Division scout.
According to the experts, Bogut might just warrant the high expectations coming from the Warriors since the March 13 trade that sent Monta Ellis and Ekpe Udoh to Milwaukee. He's 7-foot, 245 pounds and known to possess basketball skills useful inside the paint and out. When he suits up for the Warriors, he'll be the first center with All-NBA credentials to start for the franchise since Wilt Chamberlain.
Of course, all of the high praise comes with the condition of health. Bogut is out the remainder of the season with a fractured left ankle, which by season's end will have cost him 42 games. And he's yet to play with a healthy right arm since breaking his wrist and dislocating his elbow in a fall two years ago.
But, in an interview with this newspaper Wednesday, Bogut expressed little doubt he'll be healthy when next season begins. He has even less doubt about the impact he'll have on the Warriors -- particularly where they need him most.
"I know I'll strengthen up that defense tenfold," he said.
Perhaps that recognition isn't surprising given that everything with Bogut starts upstairs, begins with having a full awareness of the game.
"He understands angles. He understands the game plan," said Warriors scout Larry Harris, who as Milwaukee's general manager drafted Bogut No. 1 overall in 2005. "He has a great understanding of the strengths and weaknesses of the guy he needs to defend. He's so cerebral about the game of basketball that he understands his position and everyone else's."
Bogut's basketball IQ was shaped as a kid in Australia. Every Saturday, he'd watch the one NBA game that aired. He'd tape the weekly show "NBA Action" and watch it over and over, mimicking the moves when he played.
When he got to high school -- not having sprouted to full height yet -- he played swingman and had an affinity for the point-forward position. Rather than Patrick Ewing or David Robinson, he idolized Toni Kukoc and loved the way Penny Hardaway would drive, get in the air and drop off a no-look pass behind his head.
When he was 16, Bogut was invited to the Australian Institute of Sport, a government-funded year-round training camp for Olympic hopefuls. Pegged as a basketball prodigy, Bogut lived a year-and-a-half around elite athletes. Finding a place to play in Melbourne was tough, he said, so the 24/7 access to the gym at AIS was like heaven.
"I had to give up a lot," Bogut said. "I lost a lot of friends ... because I knew if a guy who was as good as me was out partying, I'd say, 'Nah, I ain't going. Because I'm going to be better than him.' That was my mentality back then. I knew it would be to my advantage."
Eventually, Bogut sprouted and switched to center. But he still saw the game like a point-forward. The way he sees the game, the way he understands spacing, the way he anticipates and reacts, it's all borne of being a basketball junkie who didn't always see the game from on high.
It was at the University of Utah when then-coach Rick Majerus started getting Bogut to use that vision on the defensive end. Then, in Milwaukee, coach Scott Skiles helped him take it to another level. In 2009-10, Bogut finished second in the NBA in blocks per game (2.5) and defensive rating and was named third-team All-NBA.
Last season, though Bogut played through "immense pain" as his right elbow still needed surgery, he led the league in blocks per game (2.6) and finished with a career-high 11.1 rebounds.
So it's no wonder -- again, if he's healthy -- Golden State is licking its chops at adding such a massive component to its traditionally porous defense.
"He's tough, a big body. He's long and can block shots," said Detroit center Ben Wallace, whose poundings motivated a younger Bogut to get in the weight room. "He's a solid defensive player. He has quick hands. Anytime you're a big guy who can clog up the middle and block some shots, it makes you a good defender."
Typically, big men who play good defense possess a limited offensive skill-set. Even though Bogut isn't a 20-points-a-night kind of scorer, the experts like his offensive toolbox.
Bogut, like Warriors power forward David Lee, can use either hand close to the basket.
"Majerus was big on that," Bogut said.
Bogut said you'll see him handling the ball, crossing over defenders, looking for a cutting teammate. You'll see him facing up and creating his own shot. Arguably his best offensive skill is his passing.
But perhaps most important to the Warriors, Bogut said you'll see his low-post game produce. He said he feels comfortable getting the ball on the block and making a play, especially with the game on the line.
"He's an adequate scorer, good with both hands," the Pacific Division scout said, adding, "He'll change the dynamic of the team from being a perimeter-based team with a lot of pick and rolls to having a true center you can go down low to. He can command a double team and open up space for the shooters."
Bogut said he realizes many Warriors don't know much about his game given that he's been tucked away in Milwaukee the past six-plus seasons. He said he realizes his arrival came at the expense of a fan-favorite in Ellis.
But Bogut isn't worrying about whether he'll get Warriors fans to embrace him. After all, Golden State landed a top-three center, right?
"I think Dwight's No. 1," Bogut said. "For a while, it was me and Bynum, but I think Bynum's solidified the No. 2. But I'm up there."


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Try zpizza's Gluten-Free Pizza Crust and Support Autism Speaks
One popular dietary treatment for symptoms of autism is the GFCF (gluten-free, casein-free) diet, which involves the removal of gluten (a protein found in barley, rye, and wheat, and in oats through cross contamination) and casein (a protein found in dairy products). Although many parents express an interest in trying the GFCF diet for their child, it is often difficult to find tasty GFCF alternatives that their child will eat.
For that reason, Autism Speaks is proud to be partnering with zpizza, a restaurant chain which not only offers pizza with gluten-free crust, but a full menu of items (including vegan cheese) which make it easier for people with dietary restrictions to enjoy eating out.
One appreciative father, whose daughter has dietary restrictions, shares his story:
"My nine-year-old daughter has celiac disease and, as you can imagine, eating out together as a family is a very difficult task. Since she was diagnosed at two years old, she has grown up eating differently than her family, friends in school and at church. She always feels somewhat embarrassed by the fact that she isn't like everyone else because she eats differently than them. As a family, we have never been able to go to a pizza restaurant together … that is until now! Thanks to zpizza's gluten-free pizza we get to eat pizza together without having to bring anything with us, and my daughter gets to enjoy the same meal we are without feeling excluded or different. To many this may not seem like that big of a deal, but it means the world to my wife and me (and my daughter!)."
Starting this past Saturday, 30% of every gluten-free crust sold will benefit Autism Speaks, through June 30 – please check out a zpizza location near you and visit their Facebook page for special and giveaways. Thank you to our friends at zpizza for their support of Autism Speaks and of our families.
July 7, 2010 at 2:25 am
Autism Stories and Finding the Words. Visit my forum http://www.autismstories.net
July 8, 2010 at 10:18 pm
Could you please list the ingredients in your gluten free crust and sauce. And can you just have mozzarella cheese along with the sauce on the pizza? I am coming to Mechanicsburg next Wednesday through Friday.
July 11, 2010 at 6:37 pm
It's too bad that you are donating to Autism Speaks for the gluten free crust. Autism Speaks doesn't even educate or advocate for a diet organic and gluten free for children with autism.
July 20, 2010 at 6:42 pm
Thank you for being another restaurant where our son with special needs and Celiac Disease is able to eat one of his favorite foods along with his family! Usually we have to bring in our own food for him, and we are so thankful for this inclusion! We will gladly choose ZPizza for our family and entertaining choices!
January 10, 2011 at 9:45 pm


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Recognizing World Alzheimer's Day
World Alzheimer's Day and Alzheimer's Prevention
09.23.13 | By
As the nation recognizes World Alzheimer's Day this Saturday, the federal government announced that it is awarding a $33.2 million grant to test an Alzheimer's medicine in pre-symptomatic seniors (60 to 75 year olds) with two copies of the AD gene. According to a New York Times article about the grant, the clinical trials being conducted by Banner Alzheimer's Institute in Phoenix, Ariz., have also received funding from the biopharmaceutical industry, the Alzheimer's Association and other nonprofit sources, in order to garner the more than $100 million necessary to get the trial off the ground – yet another research collaboration across the spectrum of the medical innovation ecosystem.
The project also reflects scientists' increasing focus on finding early interventions that can delay or even prevent the symptoms of Alzheimer's. Several PhRMA member companies are working to find a way to stop the progression of the devastating disease, including research teams at AstraZeneca, who wrote a blog post on LabTalk yesterday about their participation in a private-public partnership attempting to inhibit the production of amyloid-β peptide – a potential pathological signature of Alzheimer's disease in the brain.
As I wrote yesterday, PhRMA is hosting a forum on October 23, in partnership with the Alzheimer's Association and the Alzheimer's Drug Discovery Foundation, to discuss ways to increase collaborations in Alzheimer's research and address the challenges involved in recruiting and utilizing pre-symptomatic patients in clinical trials. With speakers from academia, government, industry and patient groups, this will be a must-attend event. Stay tuned to the Catalyst and follow @PhRMA for more details on how you can participate.


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This is an excerpt from EERE Network News, a weekly electronic newsletter.
May 04, 2005
Portland Aims for Gold with Revised Green Building Policy
Portland, Oregon, has updated its four-year-old Green Building Policy and now requires all municipal buildings to obtain LEED Gold certification from the U.S. Green Building Council (USGBC). The Gold certification is the second-highest rating under the USGBC LEED (Leadership in Energy and Environmental Design) certification system. Portland and Scottsdale, Arizona, are now the only two U.S. cities that require municipal buildings to acquire LEED Gold certification. The new policy also requires new city-funded private sector buildings and major retrofits of city-owned buildings to achieve LEED Silver certification, and provides for city support of new private building projects to help them achieve LEED Silver certification. See the press release from the City of Portland Office of Sustainable Development (PDF 89 KB). Download Acrobat Reader.
Green building continues to gain momentum in the United States. In Tennessee, DOE's Oak Ridge National Laboratory (ORNL) has built a joint institute building with the University of Tennessee that is expected to receive LEED certification. The joint institute uses 25 percent less energy than comparable buildings. In Maryland, the Maryland Energy Administration has set its own green building standards, and has recently awarded tax credits to both a 65-unit residential building and an office building. Both buildings will be 35 percent more efficient than comparable buildings, and the office building will also generate 200 kilowatts of power from a wind turbine and building-integrated solar power panels. See the ORNL press release and the Maryland Energy Administration press releases for the residential building (PDF 61 KB) and the office building (PDF 65 KB).
Building designers that aim to save energy rely heavily on building energy simulation software such as DOE's EnergyPlus program. Those designers now have more computing power to draw on, as the latest version of EnergyPlus is now available for Windows and Linux operating systems. The new version includes more weather files, the ability to model more complex ventilation schemes, and many other new features. See the EnergyPlus Web page and the full list of new features on DOE's Building Technologies Program Web site.


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Mortal Kombat
Having literally defined the mature game category, Mortal Kombat makes a triumphant return to its violent roots in the fastest and most brutal installment to date. Fighting game players will receive the Mortal Kombat they've been asking for, with fatalities presented in more detail than ever before.
Game List Statistics
Now Playing
181 Users
Wish List
116 Users
Hot List
85 Users


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I also would like to share my Experience with forum-mates, not sure if this is right place in forum, but please advice or move it.
I'm using latest BETA build to date: 1.20.409
Right now, I have laptop Acer Extensa 5620:
Core 2 Duo, T5450, Bus Speed: 667, 2 MB Cache (http://processorfinder.intel.com/detail ... Spec=SLA4F)
2GB RAM 800Mhz
Radeon 2400 HD w/256MB Dedicated
My TV:
Sony BRAVIA 46W5500
Wireless router from Trendnet, 100mbps wired and 54 Mbps via Wireless G.
Tried three ways:
a) Laptop connected to router by Wireless, TV connected router via Cable
b) Laptop connected to router by Cable, TV connected router via Cable
c) Laptop connected to TV directly by Cable
Did see a little performance improvement while using way B and C just a little, but didn't help any way .
File formats tried: mkv (Matroska, h.264), avi (mpeg4, mpeg2), wmv.
Approaches that I've tried:
DVDRip, TVRip, DVD 5/9, avi: Runs smoothly All ways
720p: Works smooth when works, but most of the time TV Says "Can't play video", I think because of some buffer
1080p Mostly does not get played at all, but when works Audio stutters a lot, video stutters like it is playing 15-20 fps, watchable if very needed, but not enjoying at all.
Somehow .mov files don't work for me at all, maybe you could help me to set it up to work?
Thank you!


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The familiar sight of a dirigible plying the sunny skies of Silicon Valley may well be a thing of the past -- again.
On Thursday, Moffett Field-based Airship Ventures announced it is ceasing operations immediately. The company has faced challenges including the economic recession since its founding in 2007, said CEO Brian Hall, and could not attract the regular corporate sponsorship it needed to stay afloat.
"Operating this unique aircraft has been an inspiring experience and it is with a very heavy heart that we've come to this point requiring us to cease operations and ground Eureka," Hall said in a statement.
"Our team is the best at what they do and their dedication to the Eureka, our passengers and our dream of flying a Zeppelin in the USA has been remarkable. I'm beyond sad to disband their talents and leave Moffett Field, our friends and fans without an active airship."
Unless a "white knight" surfaces in the next week or two, the 246-foot-long Zeppelin NT will be dismantled and sent back to Germany, Hall said.
"I've looked at the numbers, and for the price of a one-minute Super Bowl ad, a Fortune 500 company could sponsor the airship for a year," said Hall, who pegged the cost at $5 million to $6 million.
"You'd think that would be a slam dunk, right?"
Hall said the grounding of Airship Ventures will also cost 35 full-time and 10 part-time employees their jobs.
"There are a lot of people who were making their living with us," he said.
Hall acknowledged that tickets to ride on the Eureka were out of reach for some, but they had dropped from $495 to $375 for a 45-minute day tour. More recently, $300 hour-long night trips were added to the company's offerings.
"In terms of pricing, if you looked at it on a per-minute basis, we were actually a better value than a hot air balloon or helicopter tour," said Hall, adding that the airship also had the distinction of being one of a kind.
Awareness, not cost, appeared to be the real problem, Hall said. Most people who saw the airship didn't realize they could ride on it. With a long-term sponsorship to get Airship Ventures over the hump, he believes the company could one day subsist on passenger fares alone.
Whatever happens, Hall said he is proud of what Airship Ventures has accomplished in its short existence.
The company was the first to offer passenger airship travel in the United States since the 1930s, broke the standing Federation Aeronautique Internationale airship distance record in 2010, and helped NASA and SETI with meteorite-seeking missions over Sacramento and Sonoma.
The Eureka was a reminder of a time when airships routinely sailed above Santa Clara Valley. Dirigibles like the USS Macon were based at Moffett Field and Airship Ventures' headquarters, Hangar Two, housed blimp squadrons that provided convoy escorts during World War II.
"I think there's a huge affinity (for Eureka)," Hall said. "It's like a friend. I think people will miss it when it's gone."
Email Jason Green at email@example.com; follow him at twitter.com/jgreendailynews.
For more information about Airship Ventures, visit www.airshipventures.com


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you keep saying they have all this talent but they have two players and everyone else is terrible. you need depth to win a playoff series they are not contenders they are a mid level team they can't beat the top teams in the east or west so how are they contenders?
So you're calling Chris Bosh terrible?
yes bosh is terrible. He didn't do anything good for Toronto and he's not doing anything to help miami
Oh, boy. Here we go again. Here's yet another stat.
2009-2010 Raptors with Bosh through 52 games: 29-23
2010-2011 Raptors without Bosh through 52 games: 14-38
Win difference: -15 games
2009-2010 Bosh stats: 24.0 PPG, 10.8 RPG
Okay, so you say he didn't "do anything" for Toronto. HE AVERAGED A DOUBLE-DOUBLE! KOBE DOESN'T EVEN AVERAGE CLOSE TO A DOUBLE-DOUBLE THIS SEASON. Well, he didn't win a championship with Toronto. But here's a list of other player names that haven't won a title, and nobody calls them terrible:
Chris Paul
Dwight Howard
Kevin Durant
Derrick Rose
Blake Griffin
Kevin Love
So how, exactly is Chris Bosh possibly terrible?
BECAUSE HIS TEAMS ALWAYS LOSE! You act like the whole point of the game is to put up some big numbers. He has no defensive skills he struggles rebounding he doesn't perform when it matters. He didn't even make the playoffs last year with Toronto and the East was horrible. You don't even need a winning record to make the playoffs in the east. You clearly need to learn about basketball and stop watching hilights on ESPN cause thats obviously the limits of your knowledge.
spurs and heat with heat wining!
Wait, so basically what you're saying is that if your team doesn't make the playoffs, then you are a failure? Blake Griffin is considered a failure? Kevin Love is considered a failure? Give me a break! They're all-stars! And you said Chris Bosh struggles rebounding? Wait 10+ rebounds a game last season is a struggle? Oh, brother.
Bosh had a decent team around him and couldn't get close to .500 to make the playoffs. The Clips started out the year terrible and would be in the playoff chase without their 1-12 start and would be in the playoffs if they were in the East and Kevin Love is 3x the player Bosh is. He's soft a terrible defender and not a great rebounder. Stats don't tell the whole story. WATCH A GAME ONCE IN A WHILE. Seriously you do nothing more than watch sports center and spit out whatever they say but you've never watched or played a game in your life. Bosh needs a superstar around him because he's barely an above average player who was highlited because he was on a bad team. Big fish in a little pond.
My Nba championship pick would have to be undecided because the miami big three is going strong and is part of one of the best teams in the league, Boston is my favorite team and they are really doing great, the best in the league in scoring and are really pulling for the nba championship this year, the spurs having the best record in the nba today. So its undecided to me
spurs and heat. heat win
Yeah, I think the Celtics have a strong chance IF they can stay healthy. And that is one HUGE IF.
the bulls have a chance to
you can't say that Bosh is just an ok
Whoh, whoh, whoh. Take it easy. Let's not get personal here. I actually watch basketball about EVERY day, and have been playing for 6 years. So, please don't go attacking people without actually knowing anything about them. Okay, let's take away the Clippers 1-11 start. They would be 19-22... which is the same percentage as Houston, which is 11th in the West. You said they would get to the playoffs if they were in the East. THEY'RE NOT IN THE EAST! Don't be giving excuses for a team just because they play in a tougher conference. THEY'RE NOT IN THE EAST! Even if they were in the East, AND subtracting a 1-11 start, they would still be 9th in the East! And, by the way, whose fault is the 1-11 start? The Clippers'! One thing I will give you is that Kevin Love is better than Bosh. I think you're right about that one.
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might i respectfully sujest AVB attends a seance to talk to bill nick or arthur rowe to find out what spurs are about. if this is not poss talk to harry he knows what we all want
Oh how great it would be to see our team go back to playing the simple pass and move game of the 50s and 60s. Bill Nick gets all the praise but Arthur Rowe started it all with the first championship in the 1950/51. Simple pass and move into space to receive the ball again. Make sure you are available to receive a pass so your team-mate doesn't get caught in possession. As the meerkats say "SIMPLES tsk"


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Welcome to the Genome Statute and Legislation Database
The Genome Statute and Legislation Database is comprised of state statutes and bills introduced during the 2007-2016 U.S. state legislative sessions. Searchable topics in the database include employment and insurance discrimination, health insurance coverage, privacy, research, the use of residual newborn screening specimens, and other topics of interest.
NHGRI's Table of State Statutes Related to Genomics provides the total number of states that have enacted legislation on the topics in the database, together with a description of each topic. (In some cases the state legislature has enacted multiple bills pertaining to one topic area. As a result, a database search may yield several statute entries for one state on a particular topic.)
Note that the database does not contain information about state regulations. Some states have developed regulations concerning genetic nondiscrimination in employment and insurance, health insurance coverage, genetic privacy, research and the use of residual newborn screening specimens. To search regulations in a particular state, visit the Cornell Legal Information Institute, click on the name of the state, and scroll down to the regulations link.
Definitions of terms such as "bill", "statute", and "regulation" are available through the Glossary of Terms.
The database does not include state genetic counselor licensing laws. For information about this topic, visit the National Society of Genetic Counselors.
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Copycats attack Abbott's Humira
31.10.2012 - With AET Biotech Ltd. and BioXpress SA, two new players join the queue of Humira copycats.
The two partners pool their expertise in the manufacturing of biologicals and in development and marketing. The TNF-alpha blocker is a promising target with projected global sales of more US$9bn this year. Malta-based AET BioTech Ltd. is the biosimilars operation of German generic drugs firm Alfred E. Tiefenbacher GmbH & Co. KG in Hamburg. BioXpress S.A. is a Swiss biotech focused on the development of monoclonal antibody biosimilars.
The firms aim to jointly develop the biosimilar to registration, based on BioXpress expression technology. AET will shoulder commercialisation of the resulting antibody and will, in addition, provide further investment in terms of committed long-term financing. The Humira patent runs out in 2016. However, Abbott is trying to prevent biosimilar competition by legal action. Furthermore, larger players like Boehringer Ingelheim are already developing Humira follow-on biologics. Humira has an interesting history. Originally the drug was developed by German BASF AG who sold its pharma business to Abbott.
© eurobiotechnews.eu/pdhttp://www.european-biotechnology-news.com/news/news/2012-04/copycats-attack-abbotts-blockbuster.html


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Structural Issues Weigh on Gulf Credit Ratings
The Gulf Cooperation Council countries are used to high level credit ratings. And it's no surprise: together, they sit on about a third of the world's proven oil reserves and about a fifth of its gas reserves. But the region's energy surplus conceals a number of weaknesses in these countries' economies, political systems and monetary policies, analysts at Standard & Poor's say in a report today.
Abu Dhabi, Kuwait and Qatar are rated "AA" by S&P, while Saudi Arabia is rated "AA-minus," but their ratings would probably be higher if they had better-developed institutions and more flexibility in their monetary policies, the S&P report says.
Institutional issues identified by S&P include the "quality of policy debate," political inclusiveness as well as transparency in decision-making and data reliability–none of which the GCC countries have addressed in recent years despite unrest and political upheaval sweeping through other parts of the Middle East.
One big concern for Gulf countries is getting better visibility on the scale of foreign assets owned by their large sovereign wealth funds.
Trevor Cullinan, one of the report's authors, said:
"The key component is the external assets of the sovereign wealth funds, and Qatar is a clear example where there is limited transparency on the value of government assets held abroad.
"We are comfortable the rating is in the right place because we know the government has had substantial surpluses over many years. … We have a good ballpark figure, but it would be helpful if there were more information provided."
The region's tight monetary links to the dollar are another ratings concern, S&P says. All the GCC countries maintain fixed exchange rates to the dollar except Kuwait, which pegs its dinar to a basket of currencies. This means most of the Gulf countries let the U.S. Fed determine local interest rates, and in doing so sacrifice their ability to use monetary policy to control inflation.
"Countries with a more flexible regime would be able to use more direct monetary instruments to affect inflation in case of a surge in prices," said Dima Jardaneh, an S&P analyst who also worked on the report. "There were instances since the oil boom where consumer prices surged in the GCC."
As a result of its high savings levels and easy access to financing, local-currency debt markets have not developed in a major way, the report says. Sovereign debt is typically short-term, which has slowed the development of a yield curve that could usher in more corporate bond sales by establishing a benchmark.
Until energy prices dip or production stalls, however, it appears that the region's shortcomings won't likely play a big role in ratings. The S&P analysts put real GDP growth for the GCC at 5.2% last year and estimate a further 4.6% climb this year.
S&P currently has a stable ratings outlook for all of the Gulf countries.


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Here we go again. According to IVGID staff, the rates at the golf course should be set by the cost of the product instead of responding to the market. Staff insisted that price was not a factor in how many of the residents of IV played the courses. How wrong they are. It is less expensive to travel to Reno (with $4 gasoline) than to play a course that I and my fellow residents own. How many people do we need to clean my clubs when I finish the round and then stand by waiting on a tip? Or the "starter?" And so on. Forget the "resort" golf course and make it what it should be — a "community" golf course.
Tee times, unlike a can of beans at Raley's, have no shelf life. The moment it arrives, the tee time is filled or becomes lost potential revenue. How many times were unfilled last year? Consider the revenue that might have been earned if residents could play on short notice, perhaps as a single or double, at half price if it is scheduled within four hours of the tee time.
I am tired of paying for things I do not need nor want (and can seldom use) so a few folks from out of town can have a "resort" golf experience.
This town is big on complaining about the excesses of the federal government — rightly so. Now it is time to apply the same measure to IVGID — and particularly the golf courses.
Robert Edwards
Incline Village


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The cash paradox: How record cash reserves are influencing corporate behavior
Deloitte Review Issue 15
Financial conservatism served companies well in the downturn but in an economic recovery may be dragging companies into a vicious circle of cash accumulation at the expense of investment in growth. New research suggests markets are more rewarding of companies spending astutely in the pursuit of growth.
All told, the leading 1,000 public non-financial companies globally held $3.53 trillion in cash reserves at the end of 2013.1,2 Market commentators frequently cite these record cash figures as a key indicator that will boost capital expenditure (capex) and M&A activities, which will rekindle growth. But the truth of the matter is far more nuanced.
A closer look at the cash reserves suggests an uneven distribution. Deloitte LLP analysis found that just 32 percent of the companies have accumulated 81 percent of the total cash reserves.3 These "large cash holding" companies tend to be more conservative in their spending habits compared to their "small cash holding" counterparts, who have been spending more aggressively in the pursuit of growth, and they appear to be reaping the benefits.4 Our analysis shows a clear divergence in revenue growth as well as the share-price performance for these two sets of companies and on both measures, the small cash holding companies are outperforming their large cash holding counterparts.5
During the financial crisis, companies were well served by financial prudence, but these traits could hamper their quest for growth. Companies should now rethink their cash strategies with an eye toward creating growth opportunities.
The corporate sector's changing landscape
Corporate sector leverage, aided by a vibrant financial sector, fuelled the pre-crisis boom. The subsequent shift of debt from the corporate and financial sector to the government following the high-profile government-led bailouts is one of the defining consequences of the financial crisis (see figure 1). Since 2009, the corporate sector, particularly in the United States and Europe, managed to successfully deleverage through a combination of rigorous cost optimization programs and divestments of non-core assets.
As a result, the corporate sector built up record levels of cash reserves. US companies are the largest constituent of the S&P Global 1200, and with $1.6 trillion in cash reserves, they account for 45 percent of the total reserves for the index. Then come Japanese companies who account for 14 percent of the cash reserves globally, followed by companies based in France, Germany, and the United Kingdom (see figure 2).6
The record levels of cash within the technology, media, and telecommunications (TMT) sector are well publicized in the media. The cash reserves of TMT companies increased by 124 percent from $482 billion in 2008 to $1.1 trillion in 2013.7 With nearly $147 billion in its coffers, Apple alone was sitting on nearly 14 percent of the TMT industry's total cash reserves.8 Apple, Microsoft, Google, and Samsung collectively have nearly $336 billion, nearly equivalent to the GDP of South Africa.9
In the United States, the TMT sector dominates with $701 billion or 44 percent of the cash reserves.10 A large proportion of the cash is held overseas because the cash is the result of profits derived from global operations. In some cases, US companies prefer to keep cash overseas instead of bringing it back and facing large corporate tax bills if they pay out in dividends and share buybacks.11,12 This trend is sparking a major debate in Washington about how to entice companies to repatriate their cash back to the United States.
In fact, much of this cash is held in secure but low-yielding US Treasury securities, earning these companies a steady stream of interest payments. It is estimated that Apple, Microsoft, Google, and Cisco alone have around $163 billion invested in US treasuries and government debt, collectively making them the 14th largest investor in US treasuries, higher than many sovereigns, including Norway and Singapore.13
Cash accumulation is certainly not restricted to the technology sector, and indeed there is a distinct sector bias in different countries. For instance, in Japan, the manufacturing sector dominates with $188 billion in cash reserves, which is 39 percent of the total for non-financial Japanese companies in S&P's Global 1200, while in the United Kingdom, energy and utilities companies lead with $68 billion in cash reserves or 38 percent of the total for non-financial UK companies in the S&P Global 1200 (see figure 3).14
The cash paradox
When we analyzed the trends in cash accumulation and the historical spending patterns for these companies, a far more complex picture emerged. A closer look at the cash reserves suggests an uneven distribution with just 32 percent of the S&P 1200 non-financial companies holding 81 percent of the cash reserves. The remaining 68 percent of the companies hold just 19 percent of the cash reserves (see figure 4).15 It is important to point out that large or small cash holding companies do not imply these are also large or small by market capitalization. Some companies with a small market capitalization are sitting on large piles of cash.
Evidence of the Pareto principle, also known as the 80/20 rule, the phenomenon whereby the greatest impact (typically, 80 percent) is attributable to the vital few (generally, 20 percent), is found most famously in the concentration of global wealth but also in other areas, such as professional sports (see case study 1). But this was not always the case with the corporate sector. At the height of the pre-crisis boom in 2007, the large cash holding companies held $1.59 trillion in cash reserves compared to the $462 billion in cash reserves held by small cash holding companies, a ratio of 3:1.16 When the financial crisis hit in late 2008, caution set in, and companies started to curtail spending and accumulate cash instead.
Surprisingly, the large cash holding companies became far more conservative than the small cash holding companies. Between 2008 and 2013, they nearly doubled their cash reserves from $1.61 trillion to $2.88 trillion, and at the same time, the small cash holding companies kept accumulating at an even pace and increased their reserves from $433 billion to $656 billion. By 2013, the ratio of cash reserves became 4:1 in favor of large cash holding companies (see figure 4).17 While financial prudence was widely welcomed by the markets in those tough years, such aggressive cash hoarding by these large cash holding companies remains unprecedented.
Case study 1: The English Premier League
The 80:20 rule, or the Pareto principle, is well documented across many spheres, and we have observed a similar phenomenon in the corporate sector in the business of football (or soccer, for our US readers). The English Premier League is the richest football league in the world. With combined estimated revenues of £2.40 billion for the 2012–2013 season, it far surpasses the comparative revenue of the top tier teams in Germany (£1.64 billion), Spain (£1.51 billion), Italy (£1.37 billion), and France (£1.06 billion).18
The four richest clubs—Manchester United, Manchester City, Chelsea, and Arsenal—dominate the English football landscape. These four clubs represent 20 percent of the league's constituents, but they collectively account for 45 percent of the 20 clubs' total revenue,19 placing them among the top 10 largest revenue-generating clubs in the world.20 They are also, by far, the biggest spenders on new players (the football equivalent to M&A), accounting for £310 million (41 percent) of the £760 million spent on players in the 2012–2013 season.21 Investment does not stop at acquiring the football world's leading talent, and each of these clubs has painstakingly developed their infrastructure over the years, including the expansion of their stadiums to maximize match day revenue; higher-margin corporate facilities; the introduction of global academies, feeder clubs, and worldwide scouting networks to identify, sign, and hone the leading young global talent; and the introduction of marketing and sales offices in the United States, Asia, and Africa—all comparable with the corporate world's capital expenditure on growth and maintenance. It is, perhaps, unsurprising that one of these four clubs has won the league title in all but one season since the creation of the English Premier League22 and 77 percent of the FA Cup competitions—for which 737 teams across England and Wales enter—since 1992.23, 24
Under normal economic principles, when there is an acute concentration of resources, it appears that the tendency is to use those resources to gain a considerable advantage over the competition, at least in football. This is contrary to the behavior exhibited by large cash holding companies.
How companies spend their cash
We considered the spending patterns of these two sets of companies by analyzing their capital expenditure as a proportion of cash from operations and their M&A spending as a proportion of cash reserves to understand how these companies allocate their cash.
Capital expenditure (capex)
Capital expenditure is critical when trying to sustain growth. In the immediate aftermath of the financial crisis, capital expenditure fell sharply across the globe, and companies focused on cost-reduction measures.25 In the last couple of years, both the large and the small cash holding companies increased their capital expenditure, suggesting they have confidence in their ability to generate cash.26
The large cash holding companies increased their spending by 16 percent from $979 billion in 2008 to $1.14 trillion in 2013. However, they channeled just 37 percent of the cash they generated from operations toward capex in 2013—well below their long-term average of 50 percent.27
On the other hand, the small cash holding companies increased their capital expenditure by 37 percent from $461 billion in 2007 to $633 billion in 2013 (see figure 5). In 2013, they channelled 63 percent of their cash from operations into capex.28
We looked into capital expenditure as a percentage of depreciation and amortization to determine the trends in so-called "maintenance" and "growth" capex (see figure 6). Since 2009, large cash holding companies, on average, assigned 84 percent of their capex on maintenance activities and 16 percent on growth activities. On the other hand, during the same timeframe, the small cash holding companies, on average, spent 72 percent of capex on maintenance activities and 28 percent on growth activities.29
M&A deals tend to be a significant area for utilizing cash reserves. Since the onset of the financial crisis, there has been a significant decline in global M&A volumes as companies waited for market sentiment to improve before taking on greater risk in the pursuit of growth.30
Since 2009, the large cash holding companies spent $1.02 trillion on M&A deals, but as a proportion of their cash reserves, annual M&A spending has been on the decline. In 2013, M&A spending as a proportion of cash reserve was just 13 percent, compared to a high of 60 percent in 2007, which was a record year for global M&A deal volumes.31
In comparison, the small cash holding companies have spent $603 billion on M&A deals since 2009, and in 2013, their M&A spending amounted to 78 percent of their total cash reserves—far higher than their cash-rich counterparts (see figure 7). In fact, during the boom year of 2007, small cash holding companies spent 217 percent of their cash reserves.32
This suggests that large cash holding companies, even when they are making M&A deals, continue to remain financially conservative. On the other hand, the smaller cash holding companies are far more bullish in their pursuit of growth and have been consistently more aggressive in their M&A activities.33
Corporate leverage
In the five years preceding the financial crisis, both large and small cash holding companies actively raised debt from the markets, and their debt accumulation grew at a similar pace. The total debt for small cash holding companies rose 52 percent from $1.5 trillion to $2.3 trillion between 2003 and 2008. In a similar manner, the debt for large cash holding companies grew by 47 percent as they increased their total debt from $3.2 trillion to $4.8 trillion.34
One of the major themes of the post-crisis environment was that the global corporate sector made use of the low interest rate environment to refinance its existing debt to longer-term maturities and raise new debt on favorable terms.35 However, here again, markedly different attitudes toward debt financing from these two sets of companies become apparent.
Small cash holding companies used the low interest rate environment to increase their debt by 31 percent from $2.3 trillion in 2008 to $3.0 trillion in 2013 (see figure 8). They also increased the proportion of their long-term debt to an average of 85 percent since 2009, which is up from a pre-crisis average of 79 percent. The increase in proportion of long-term debt means they are less susceptible to short-term economic shocks and can plan for a long-term growth strategy.36
In comparison, the large cash holding companies increased their debt from $4.8 trillion to $5.8 trillion between 2008 and 2013—an increase of 21 percent (see figure 9). The large cash holding companies have also increased their long-term debt to an average of 75 percent—up from a pre-crisis average of 68 percent.37
Divergence in performance
The divergent attitudes toward cash accumulation and spending gain a clearer context when the relative performances of both sets of companies are considered. Both sets of companies grew their revenues at a consistent pace since 2000, but there was a clear divergence after the financial crisis when the small cash holding companies grew revenues at a faster pace than their larger counterparts (see figure 10). In part, this can be attributed to more bullish M&A activities.38
Critically, a divergence in share price between the cash hoarders and the spenders has emerged (see figure 11). Since 2000, the share price performance of the small cash holding companies has outperformed their large cash holding counterparts, growing by an astonishing 632 percent compared to 327 percent for their larger cash holding counterparts. Remarkably, the gap widened even more after the financial crisis. This suggests that in the long run, the markets are rewarding companies that take a more bullish attitude toward growth.39
Corporate Memory
One explanation for the divergent attitudes could be tracked back to the corporate leaders at the helm. Tellingly, the average tenure of CEOs at large cash holding companies is 45 months, whereas the tenure of those at small cash holding companies is 77 months.40
The CEOs of small cash holding companies have seen prosperous years, and they have steered their companies through the crisis. This corporate memory seems to have served them well, and it potentially gives them the confidence to make more aggressive long-term investment decisions.
The growth conundrum
Not just a case of bulls versus bears
On October 16, 2008, Warren Buffett wrote in an opinion piece in The New York Times, "a simple rule dictates my buying: Be fearful when others are greedy, and be greedy when others are fearful."41 He was vocally critical of holding cash and argued that in crisis conditions, cash is a terrible long-term asset that pays virtually nothing and is certain to depreciate in value. Instead, he advocated equities as a much safer bet, and five years later, the major indices are breaking new records.42 In many ways, our analysis of the cash paradox vindicates Warren Buffet's words of caution.
But it is not just a case of bulls versus bears. Since 2009, S&P Global 1200 non-financial companies paid $3.0 trillion in dividends, $1.8 trillion in share buybacks, and the massive cost-optimization drives resulted in a 39 percent growth in EBITDA (earnings before interest, taxes, depreciation, and amortization).43 The markets were rewarding such measures, and earlier this year, the S&P Global 1200 index hit new highs.
Even as the S&P Global 1200 share price index touched record highs, year-over-year revenue growth has fallen for two consecutive years since 2011 (see figure 12).44 Investors will likely put the spotlight back on revenue growth, and companies will need to communicate a compelling revenue growth strategy to the markets.
Making better choices
In the coming years, companies should find a way to thrive in a new economic reality that is characterized by below-average growth conditions and shorter but more volatile economic cycles. In such conditions, pursuing growth opportunities is less about earnings-per-share enhancement and more about long-term prospects. Therefore corporate leaders should make fundamental choices on the growth strategy that they should pursue. This calls for a combined assessment of their company's relative strategic capability, which is indicative of its ability to capture growth, and its financial strength, which will reveal its ability to fund future growth opportunities. Such an assessment may allow companies to make choices that take advantage of their distinct situation and capabilities (see figure 13).
In the first four months of 2014, $1.2 trillion worth of deals were announced, the highest level since 2007 and 42 percent up on the same period in 2013.45 Sectors that have historically had large cash reserves such as TMT and those in a state of flux such as the health care sector have been at the forefront of the deal making. It seems the confluence of investor pressure, the improved macroeconomic environment, and the pursuit of growth opportunities has loosened the purse strings. The success of those deals will likely depend on clarity of purpose and execution capabilities.
It is increasingly clear that the corporate sector will emerge as the likely engine that will drive future growth and economic prosperity. Financial conservatism served companies well during the downturn but in times of economic recovery this could well prove to be a double-edged sword, dragging companies into a vicious circle of cash accumulation at the expense of investing in growth.
In this paper we sought to highlight how cash accumulation has unleashed a new competitive dynamic, where the contrast between the hoarders and spenders is increasingly stark. Indeed our study shows that markets are more rewarding of companies that are spending astutely in the pursuit of growth. This paper thus serves as a clarion call for all companies who are sitting on their laurels and risk squandering their hard-won cash advantage. Winners will likely be companies that take a long-term outlook and are decisive in their pursuit of growth; in other words, it could turn out to be the triumph of the optimist.
EndnotesView all endnotes
- "Cash reserves" refers to cash and near-cash items and marketable securities and other short-term investments. Companies considered for the analysis are the non-financial constituents of the S&P Global 1200 who had reported their 2013 results as of April 8, 2014. The constituents are as of March 6, 2014.
- Deloitte calculations based on Bloomberg data, accessed April 8, 2014.
- Ibid.
- "Large cash holding companies" are defined as those with cash reserves of, or in excess of, $2.5 billion at the end of fiscal year 2012. "Small cash holding companies" are those with cash reserves of less than $2.5 billion at the end of fiscal year 2012. Fiscal years are as defined by Bloomberg.
- Deloitte calculations based on Bloomberg data, accessed April 8, 2014.
- Ibid.
- Ibid.
- Ibid.
- Deloitte calculations based on Bloomberg and International Monetary Fund (IMF) data, "Gross domestic product, current prices (US dollar)," <http://www.imf.org/external/pubs/ft/weo/2014/01/weodata/weorept.aspx?sy=2012&ey=2019&scsm=1&ssd=1&sort=country&ds=.&br=1&c=199&s=NGDP_R%2CNGDP_RPCH%2CNGDP%2CNGDPD%2CNGDP_D%2CNGDPRPC%2CNGDPPC%2CNGDPDPC%2CPPPGDP%2CPPPPC%2CPPPSH%2CPPPEX%2CNID_NGDP%2CNGSD_NGDP%2CPCPI%2CPCPIPCH%2CPCPIE%2CPCPIEPCH%2CTM_RPCH%2CTMG_RPCH%2CTX_RPCH%2CTXG_RPCH%2CLUR%2CLP%2CGGR%2CGGR_NGDP%2CGGX%2CGGX_NGDP%2CGGXCNL%2CGGXCNL_NGDP%2CGGSB%2CGGSB_NPGDP%2CGGXONLB%2CGGXONLB_NGDP%2CGGXWDN%2CGGXWDN_NGDP%2CGGXWDG%2CGGXWDG_NGDP%2CNGDP_FY%2CBCA%2CBCA_NGDPD&grp=0&a=&pr.x=59&pr.y=10>, accessed April 29, 2014.
- Deloitte calculations based on Bloomberg data, accessed April 8, 2014.
- "Corporate America's overseas cash pile rises to $947bn," Financial Times, March 31, 2014, <http://www.ft.com/cms/s/0/a81b4f4c-b8ee-11e3-a189-00144feabdc0.html#axzz2yZbpYsCz>, accessed April 11, 2014.
- "Mounting cash piles an embarrassment of riches for tech companies," Financial Times, January 21, 2014, <http://www.ft.com/cms/s/0/63e60612-827c-11e3-8119-00144feab7de.html#axzz2yCVibs47>, accessed April 11, 2014.
- "Apple and Microsoft among US tech giants reaping interest payments on offshore cash," The Bureau of Investigative Journalism, March 12, 2014, <http://www.thebureauinvestigates.com/2014/03/12/apple-and-microsoft-among-us-tech-giants-reaping-interest-payments-on-offshore-cash/>, accessed April 11, 2014.
- Deloitte calculations based on Bloomberg data, accessed April 8, 2014.
- Ibid.
- Ibid.
- Ibid.
- Deloitte calculations based on Deloitte LLP Sports Business Group analysis (research report pending). Based on exchange rate of GBP/EUR 1.22727.
- Deloitte calculations based on revenues for 2012–13 season of £2.525 billion (see endnote 18); Deloitte LLP, "All to play for: Football Money League" report breakdown of data for Manchester United, Manchester City, Chelsea and Arsenal.
- Deloitte LLP, "All to play for: Football Money League," January 2014.
- Deloitte calculations based on Deloitte LLP Sports Business Group analysis (research report pending). Based on exchange rate of EUR/GBP 0.823969.
- Barclays Premier League, About the Premier League: History of the Premier League, <http://www.premierleague.com/content/premierleague/en-gb/about/history.html>, accessed April 11, 2014.
- The Football Association, Cup final statistics, <http://www.thefa.com/Competitions/FACompetitions/TheFACup/History/cupfinalresults>, accessed April 11, 2014.
- The Football Association, List of 737 clubs accepted, July 2013, <http://www.thefa.com/TheFACup/News/2013/Jul/~/media/E5D7E5195BA143A89C9379FD4F50EAB6.ashx>, accessed April 15, 2014.
- Thomson Reuters, "US companies ramp up capex as confidence grows," February 20, 2014, <http://www.reuters.com/article/2014/02/20/us-usa-companies-capex-analysis-idUSBREA1J1XG20140220>, accessed April 11, 2014.
- Deloitte calculations based on Bloomberg data, accessed April 8, 2014.
- Ibid.
- Ibid.
- Ibid.
- Ibid.
- Ibid.
- Ibid.
- Ibid.
- Ibid.
- Ibid.
- Ibid.
- Ibid.
- Ibid.
- Ibid.
- Deloitte LLP, The cash paradox: How record cash reserves are influencing corporate behaviour (FTSE100 version), January, 2014.
- Warren Buffett, "Buy American. I am," The New York Times, October 16, 2008, <http://www.nytimes.com/ 2008/10/17/opinion/17buffett.html?_r=0>, accessed April 11, 2014.
- Deloitte calculations based on Bloomberg data, accessed March 9, 2014.
- Deloitte calculations based on Bloomberg data, accessed April 8, 2014.
- Deloitte calculations based on Bloomberg data, accessed April 28, 2014.
- "Encouraging signs that 2014 M&A spree is the real deal," Financial Times, April 27, 2014, <http://www.ft.com/cms/s/0/660f9eb0-cad6-11e3-9c6a-00144feabdc0.html?ftcamp=crm/email/2014427/nbe/AsiaMorningHeadlines/product&siteedition=uk#axzz30AZk7pxX>, accessed April 28, 2014.


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Deputies discover meth lab in Nokomis
Published: Sunday, April 7, 2013 at 7:11 a.m.
Last Modified: Sunday, April 7, 2013 at 7:11 a.m.
SARASOTA COUNTY - Sheriff's deputies say they discovered an active methamphetamine lab this weekend in a wooded area at the dead end of Lucille Avenue in Nokomis.
Sarasota County firefighters assisted in the removal of hazardous materials.
Detectives continue to investigate. Anyone with information about this case is asked to call (941) 861-4265 or (941) 861-5800. To leave an anonymous tip, call Crime Stoppers at (941) 366-8477.
Reader comments posted to this article may be published in our print edition. All rights reserved. This copyrighted material may not be re-published without permission. Links are encouraged.


text:
Deborah R. Provard of 528 W. Tenth St., Waynesboro, died at 4:42 a.m. Monday, Nov. 19, 2012, in her home. Services will be held at 11 a.m. Wednesday in Grove-Bowersox Funeral Home, Waynesboro. Burial will follow in Mount Zion Cemetery. The family will receive friends from 6 to 8 p.m. Tuesday in the funeral home.
Location, ST | website.com


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Sean Bean's Remarks Bolster 'Game of Thrones' Theory on Jon Snow
[Spoiler warning: This post contains potential spoilers and speculation about "A Song of Ice and Fire."]
One of the mysteries of George R.R. Martin's "A Song of Ice and Fire" is the identity of Jon Snow's parents. The honorable Ned Stark had the world believe—including his own children and wife—that Jon was his bastard, all while refusing to reveal the mother's identity.
Yesterday, actor Sean Bean, who played Stark on HBO's "Game of Thrones" in season 1, told Vulture: "I'm obviously not Jon Snow's dad. And you need that to be revealed at some point, don't you?"
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The idea gives credence to the popular fan theory: R+L=J, which is elaborated nicely in the embedded video. Given all we know about Ned's sense of honor and integrity (Littlefinger once warned him: "You wear your honor like a suit of armor, Stark. You think it keeps you safe, but all it does is weigh you down and make it hard for you to move."), this theory makes sense. Ned's honor cost him his head, and so it would be logical to think that it also led him to cover up the true identity of Jon Snow's parents.
In addition to the evidence provided here, we know a couple of things about GRRM: He seems to like outsiders—those who transcend physical or societal constraints (tomboy Arya or Tyrion, Martin's favorite character from the books)—and he has an affinity for the Targaryens.
The fantasy writer told an audience in Switzerland earlier this month about growing up in Bayonne, N.J., and how it gave him "an attraction to lost golden ages."
"I have a little bit of Daenerys Targaryen there," he said, "thinking about the seven kingdoms: 'This all was once mine, or I would've been the heir to this dock or this house or all of them. Where are my dragons to take back my dock?"
Readers: What's your take on the Jon Snow theory?
Write to Robin Kawakami at email@example.com. Follow @robinha


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Book your room at The Mark
Get an overview of this hotelManhattan hotel between Madison Avenue, Central Park
+VIP Access™ Hotel
We carefully hand-picked this hotel based on its dedication to service and excellent guest reviews.
Expedia +gold members receive free room upgrades and +gold and +silver members get other perks upon availability at check-in.See details
Madison Avenue, Fifth Avenue, and Museum Mile
This 16-story hotel is in Manhattan's Upper East Side, close to the Metropolitan Museum of Art, The Whitney Museum, and Central Park. With Madison Avenue less than a block away, The Mark places you in the center of Manhattan's social and cultural scene.
The Mark Style
The Mark features avant-garde design by Jacques Grange and artisan-crafted interior pieces, 24-hour room service and the extraordinary The Mark Restaurant by Jean Georges. The Frederic Fekkai Salon at The Mark offers an array of beauty treatments.
Bang & Olufsen TVs
High French style, modern technology and old-world personal service typify The Mark hotel. Guestrooms feature Bang & Olufsen televisions and DVD players, Quagliotti bed linens, Sub-Zero mini-bars, Frederic Malle Special Scent, Crestron Automation, and Shoe Care Service by John Lobb.Would you like to give us feedback? Share it! Opens in a new window
Hotel Amenities
Hotel Amenities
The Mark reopened in November 2009 after an extensive renovation led by Jacques Grange, the famed French interior designer whose clientele list includes Yves Saint Laurent, Princess Caroline of Monaco, and Ronald S. Lauder.
The Mark Restaurant by Jean-Georges offers Sunday brunch, breakfast, lunch, afternoon tea, and dinner. Guests can also enjoy 24-hour in-room dining through Jean-Georges.
This Manhattan hotel offers complimentary shoe shine. The Mark features an on-site Frederic Fekkai salon, which offers a full spectrum of pampering massages and hair and beauty treatments, both in the salon or ensuite; the hotel also features a 24-hours fitness center. Technology support is provided by a dedicated staff, and a computer station is available. The concierge can arrange private car transfers to and from the airport for a fee. A courtesy car service is available for in-house guests to travel within a 20 block radius. The Mark offers Pedcab service or guests can enjoy complimentary bicycles rentals. The property is smoke free (fines apply for smoke-free violations).
- 24-hour fitness facilities
- 24-hour front desk
- Babysitting or childcare (surcharge)
- Bar/lounge
- Breakfast available (surcharge)
- Business center
- Free newspapers in lobby
- Computer station
- Concierge services
- Dry cleaning/laundry service
- Elevator/lift
- Express check-in
- Express check-out
- Free WiFi
- Free wired high-speed Internet
- Hair salon
- Laundry facilities
- Limo or Town Car service available
- Luggage storage
- Multilingual staff
- Number of buildings/towers - 1
- Number of floors - 16
- One meeting room
- Porter/bellhop
- Restaurant
- Safe-deposit box at front desk
- Smoke-free property
- Supervised childcare/activities (surcharge)
- Total number of rooms - 152
- Tours/ticket assistance
- Valet parking (surcharge)
- Year Built 1927
Family Friendly Amenities
- Babysitting or childcare (surcharge)
- DVD player
- Free Wi-Fi
- Laundry facilities
- Soundproofed rooms
Available in all rooms: Free WiFi , Free wired high-speed Internet
Available in some public areas: Free WiFi , Free wired high-speed Internet
Valet parking (surcharge)
Room Amenities
- Access via exterior corridors
- Air conditioning
- Bathrobes
- Blackout drapes/curtains
- Cable TV service
- In-room climate control (air conditioning)
- Coffee/tea maker
- Free newspaper
- Free toiletries
- Daily housekeeping
- Deep soaking bathtub
- Designer toiletries
- Desk
- Free dial-up Internet access
- Down comforter
- DVD player
- Free local calls
- Free WiFi
- Free wired high-speed Internet
- Hair dryer
- Hypo-allergenic bedding available
- In-room massage available
- In-room safe (laptop compatible)
- Individually decorated
- Individually furnished
- iPod docking station
- Iron/ironing board
- Minibar
- Pay movies
- Phone
- Pillow menu
- Premium bedding
- Premium TV channels
- Private bathroom
- Room service (24 hours)
- Separate bathtub and shower
- Slippers
- Soundproofed rooms
- Turndown service
- Video-game console
Where to Eat
The Mark Restaurant by Jean-Georges - Jean-Georges Vongerichten brings his passion for simple cooking using fresh-from-the-market ingredients to this restaurant. The Mark Restaurant serves breakfast, lunch, afternoon tea, dinner, and Sunday brunch. The Mark Bar features signature cocktails and is one of the best chic meeting spots on Madison Avenue.
In-room dining - Available 24 hours a day through Jean-Georges.
Nearby Things to Do
The recreational activities listed below are available either on site or nearby; fees may apply.
- Golfing nearby
- Free bicycles on site
- Mountain biking nearby
- Hiking/biking trails nearby
- Scooter/moped rentals nearby
- Ecotours nearby
- Golf lessons available nearby
Spa Services
Home to renowned hairstylist Frederick Fekkai, the salon at The Mark offers a spectrum of services that incorporate Feddai's individual approach to hair and beauty, his high level of pampering (including massages), and his personally selected staff of stylists and beauty specialists.
To make requests for specific accessibility needs, complete the "Special or Accessibility Requests" section of "Trip Preferences" when you book your hotel.
- Accessible bathroom
- In-room accessibility
- Roll-in shower
Hotel Policies
Check-in time starts at 3 PM
Minimum check-in age is 21
Check-out time is noon
Payment types
- Pets allowed for an extra charge of USD 100 per pet, per stay (maximum USD 100 per stay)
- Dogs and cats only
- 2 per room
You need to know
Extra-person charges may apply and vary depending on hotel policy.
Government-issued photo identification and a credit card are required at check-in for incidental charges.
Special requests are subject to availability upon check-in and may incur additional charges. Special requests cannot be guaranteed.
No cribs (infant beds) available
Optional extras
- Breakfast fee: between USD 10 and USD 20 per person (approximately)
- Valet parking fee: USD 75.00 per night
- Pet fee: USD 100 per pet, per stay (maximum USD 100 per stay)
- Rollaway bed fee: USD $50 per night
Hotel Name
- Mark Hotel
- Mark Hotel New York
- Mark New York
- Mark New York City
- Mark Hotel New York City
- The Mark Hotel New York City
We should mention
This property's policy is to refuse certain bookings for the purpose of group events or parties, including pre-wedding stag/bachelor and hen/bachelorette parties.
Awards & Affiliations
- The Mark is listed in the 2015 Condé Nast Traveler Gold List of the world's best places to stay.
- The property is a member of Preferred Hotels & Resorts.


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GLO Science
GLO Brilliant™ Whitening Gel Refill Kit 40 Applications
- 1
- 2
- 3
WHAT IT IS: A set of 10 refill GLO Whitening Gels in the patent-pending G-Vial delivery applicator with the highest and safest percentage of Hydrogen Peroxide gel, with the purest, most potent formulation. Each G-Vial contains enough gel for up to four applications.
- GLO Brilliant™ Whitening Gel Refill; Size: 10 G-Vials (40 applications)
WHAT IT DOES: Unique to GLO, it is a highly viscous, thixotropic formula so when applied, it adheres to your teeth without getting on gums and other soft tissue, avoiding the sensitivity common with other whitening methods. Remove a G-Vial's cap and its perfectly shaped tip allows the gel to glide easily over teeth in one quick back-and-forth motion. After applying, use the GLO Brilliant Whitening Mouthpiece to activate the gel's whitening properties.
WHAT YOU SHOULD KNOW: The GLO Whitening Gel goes on easily, has a fresh mint flavor and is alcohol-free. It stays put on your teeth, does not migrate onto the gums, and does not contain alcohol, which are leading causes of sensitivity. Each G-Vial contains enough whitening gel for four consecutive applications. This is a product refill for use with the GLO Brilliant Personal Teeth Whitening System. To use the G-Vials, apply a thin layer over your teeth. Dr. Levine recommends that you use GLO Whitening twice a year, plus ongoing maintenance. To keep your smile white, use one G-vial per month, or one 8-minute application weekly as a touch up.
Brand: GLO Science


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CORPUS CHRISTI – Islanders Basketball Weekly, the coaches show for Texas A&M – Corpus Christi men's and women's basketball, will be held this evening from 6-7 p.m. and will originate from the Executive Surf Club. The show will also be broadcast live on NewsRadio 1360 AM KKTX.
Islanders Basketball Weekly features interviews with Head Coaches Willis Wilson and Robert Robinson along with player guests from both teams. The show, hosted by the Voice of the Islanders, Steven King, will air on NewsRadio 1360 AM for those who can't make it to the Executive Surf Club for the event.
The guests will talk about their upcoming games, with Robinson and guard Trish Amboree talking about the 7 p.m. game on Tuesday night game against UTPA at the American Bank Center, while Wilson and forward Myron Dempsey will discuss the 7 p.m. contest against Texas Tech scheduled for Thursday night at the ABC.
Tickets for both games are still available by calling 825.BALL or visiting www.GoIslanders.com.
IBW will not air on Dec. 19 and 26, and Feb. 7 (men's game at Savannah State). Be sure to check GoIslanders.com for the latest information.
Basketball Weekly Schedule
Nov. 21, 2011
Nov. 28, 2011
Dec. 5, 2011
Dec. 12, 2011
Jan. 2, 2012
Jan. 9, 2012
Jan. 16, 2012
Jan. 23, 2012
Jan. 30, 2012
Feb. 13, 2012
Feb. 20, 2012
Feb. 27, 2012
March 5, 2012


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More Information
Audit finds overpayment of 30 SCF employees
Published: Sunday, December 9, 2012 at 3:50 p.m.
Last Modified: Sunday, December 9, 2012 at 3:50 p.m.
MANATEE COUNTY - State College of Florida overpaid 30 employees last year, according to a preliminary report from the Florida Auditor General.
State College of Florida's search for a new president is expected to take up to six months.
In the meantime, the college has received several new applications for the interim president post.
Here's a look at who has applied:
Name: Leonard O'Hara
Experience: Former president of Paducah Community College, now called West Kentucky Community and Technical College.
Name: Ronald W. Ogrodnik
Experience: Interim transformational president at DeVry University in Orlando.
Name: Richard A. Crofts
Experience: Former interim Chief Executive Officer of the state university system of Mississippi.
Name: Kathie S. Sigler
Experience: President of Higher Education and Technology Consultants.
Name: Larry Tyree
Experience: Former President of Florida Keys Community College.
Willis Holcombe, a former chancellor of the Florida college system who also applied, has been offered the interim presidency at Florida State College at Jacksonville.
The audit sent to college leaders last month states that 13 salaried employees and 17 hourly staff were paid more than the maximum listed in salary schedules, which are approved by college trustees.
The overpayments totalled about $23,000, just a tiny percentage of the $29 million the college spent on salaries in 2011-12.
But the findings come on the heels of a report by a local accounting firm that the college broke state law when it spent $470,000 to prop up a failing job training program.
Board of Trustees Chairman Carlos Beruff said he wants to see the college's response to auditors before deciding if any action is needed. The college has until Thursday to respond.
"It's not uncommon for a preliminary audit to come up with a list of questions or comments," Beruff said.
SCF officials said they plan to dispute the findings and have no plans to lower the salaries of any of the staff.
They contend that college rules give its president the authority to bump salaries of individuals above the salary schedule maximum in certain cases.
The list of reportedly overpaid staff includes former facilities and planning manager Traci Steen, who oversaw college construction projects that were cited by trustees as examples of former President Lars Hafner's poor financial mismanagement. Hafner resigned under pressure in October.
Other examples cited by trustees as poor financial management included SCF's charter school, which cost $1.1 million more than the $3.2 million budget approved by trustees.
Steen's salary of about $112,600, is about $1,000 more than the maximum for her position, according to the audit.
She was reassigned to other duties earlier this year at the recommendation of Human Resources Executive Director Peg Beck, who wrote in an email that facilities staff lacked confidence in her leadership.
Steen's salary remains the same.
College spokeswoman Kathy Walker said some of the workers identified by auditors were long-serving staff who had bumped up against the maximum for several years.
Others were the result of organizational changes, Walker said.
One example was a senior librarian whose $83,000 salary was roughly $11,700 above the maximum for administrative and professional support staff.
But her salary rose to that level when her job was classified as a faculty position, Walker said.
"You don't cut someone's pay when you do that," she said. "It applies to people you hire in the future."
Reader comments posted to this article may be published in our print edition. All rights reserved. This copyrighted material may not be re-published without permission. Links are encouraged.


text:
LEGO Shop Home Themes The Lord of the Rings™ Battle at the Black Gate
Battle at the Black Gate
- Item: 79007
- Ages:9-14
- VIP Points: 0
- Pieces:656
- Retired product
Take on the forces of Sauron in a Battle at the Black Gate, with opening/locking doors, secret entrance, 5 minifigures and a Great Eagle!
Defeat the forces of Sauron in a great Battle at the Black Gate!
Fly the Great Eagle high above the Black Gate of Mordor where Aragorn and Gandalf the White must distract the Eye of Sauron. Use them to stage a scene while Frodo Baggins and his friend Sam throw the One Ring into the fiery depths of Mount Doom and destroy it forever. To reach the Ring's final destination, you must defeat the Mouth of Sauron and the Mordor Orcs positioned high in the spiked gate walls. Then breach the gate and lead the attack on the enemy! Includes a Great Eagle and 5 minifigures with weapons: Aragorn, Gandalf the White, Mouth of Sauron and 2 Mordor Orcs.
• Includes a Great Eagle and 5 minifigures with weapons: AragornTM, GandalfTM the White, Mouth of Sauron and 2 MordorTM Orcs• Black Gate features cool spiked detailing, opening and locking doors, secret entrance and a catapult• Also includes a poseable horse• Includes 5 weapons: staff, 3 swords and a ball and chain• Combine multiple sets for even bigger battles• Defeat the Mouth of Sauron on the poseable horse!• Look out for flying catapult rocks!• Sneak through the secret entrance!• Soar into the air on the Great Eagle• Collect the never-before-seen Mouth of Sauron and Aragorn™ decoration and cape• Black Gate of Mordor™ (with gate closed) measures over 8" (22cm) high, 11" (30cm) wide and 2" (7cm) deep• Great Eagle wingspan measures over 7" (19cm)
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text:
There is a "reversed" flag on arcs. I can set this to true, and swap start and end angle - in order to change the direction of an arc. The screen rendering in QCAD gets updated when I do this. However, the DXF file written before and after these changes is just the same, so I cannot tell if / how the arc "reversed" property has any effect. Obviously, reloading this DXF file would then show the arc with the original, unchanged values.
Fyi, it is very helpful to have the ability to change the direction of DXF entities - when the DXF is imported into a CAM software - and this software calculates CNC machining paths based on the order of points (for lines and splines). I hope to achieve the same for arcs.
However, I am not even sure if this is possible, and / or supported by the DXF format for arcs specifically. Hence, I do not know if this is a defect or expected behavior, and why the "reversed" property is offered by QCAD.
Version: 126.96.36.199 (3.4.2)
Build Date: Oct 25 2013
OS: Ubuntu Linux 12.04 64 bit


text:
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Addy Wright, 1 1/2, and Lilly Rayne Hicks, born on Aug. 30, are the daughters of Adam Hicks and Christa Wright of Campbellsville. Their grandparents are Ron and Sharon Hicks of Campbellsville and Robin and Rodney McKenzie and Kevin and Tracy Wright, all of Summersville. Great-grandparents are Doris Davis of Campbellsville, Linda Thompson of Greensburg, Johnny Thompson, Peggy and Tommy Whitlow and Jamie Wright, all of Summersville, and the late Buddy Wright, Tom Proctor and Edith and Delmar Hicks.
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text:
I used QCad 2 a lot a few years back, and typically used the tool shorcuts, e.g. "lh" for linehorizontal, then tab (I believe) to change focus to the active tool properties for changing e.g. length or angle. This doesn't seem to work in QCad 3, and I have to use the mouse to change tool properties.
Am I just missing something, or is it not (yet) possible to change the active tool properties without resorting to the mouse?
Best regards,


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Saikx, on 13 October 2012 - 09:22 PM, said:
Khuna, well....he delivers solid gameplay but thats it. you always have to be lucky also to catch his stream cause its at random times and he doesnt interact with the viewers at all.
ps: not implying that khuna or reckful are better than the other, just explaining how to get viewers. Khuna lacks at the point above.
take swifty as an example. guy has a MASSIVE fanbase, but when he streams he doesn't interact with the community at all. so he peaks at 2-3k viewers. reckful hit almost 12k today.


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Cole Thompson picked the best of times to tally his first-ever varsity goal. The eighth grader enjoyed it so much he added a second as Devils Lake picked up its first win of the season with a 3-0 win over Hazen-Beulah on Friday at Burdick Arena. The two teams were unable to find the net through the first two periods of play and were deadlocked after the first 34 minutes of Friday's game. That all changed in a hurry when Austin Moser took a pass from teammate Tanner Elshaug just 52 seconds into the final period to put the Firebirds in front. Thompson then added his two goals to provide some breathing room for the Firebirds. Kurtz stopped 19 shots through the first two periods and ended the game with 29 saves. Devils Lake (0-1-0 EDC/1-2-0 overall) will return to action on Thursday when the Firebirds entertain Grafton-Park River at Burdick Arena. The Spoilers are 4-1-0 on the season and 1-1-0 in the Eastern Dakota Conference.
Location, ST | website.com