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King's School, Macclesfield
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|Challenge, Develop, Foster, Support
|Independent School
|Head of Foundation
|Dr Simon Hyde
|Cumberland Street
United Kingdom
Coordinates: 53°15′48″N 2°07′57″W / 53.2633°N 2.1324°W
|DfE URN
|111473 Tables
|1,337 pupils
|Mixed 3–11, Separate boys and girls divisions 11–16, Mixed 16–18
|4 (Gawsworth, Adlington, Tatton and Capesthorne)
The King's School in Macclesfield is an independent school for day pupils in Macclesfield, Cheshire, England, and a member of the Headmasters' and Headmistresses' Conference. It was founded in 1502 by Sir John Percyvale, a former Lord Mayor of London, as Macclesfield Grammar School.
The King's School was founded in 1502 within the Church of St. Michael and All Angels, Macclesfield. It was re-founded by Edward VI in 1552 as the "Free Grammar School of King Edward VI", moving to its current location on Cumberland Street in 1844.
The school operated as a direct-grant school and offered scholarships for boys from state elementary schools from 1926 until 1966, when its application to continue as a direct grant grammar school was refused and it became fully independent.[1][2]
The boys' junior school was opened in 1947. In 1993 girls from age 11 to 16 were admitted and housed with co-educational juniors, and later infants, at the old Macclesfield High School site on Fence Avenue. The Sixth Form had been co-educational since 1986.[3]
Prior to the abolition of corporal punishment in British schools, King's had a reputation for harsh discipline. Boys were routinely slippered in the classroom for a wide variety of offences. The cane was used for serious misconduct.(http://www.corpun.com/kettering.htm)
The school follows the National Curriculum for GCSE in Years 10-11 and A-Levels in the sixth form. In 2012, pupils achieved A*/A in 41 per cent of all exams and A* - B in three quarters of exams. Pupils achieved the best-ever GCSE results in 2012 with 33 per cent of all grades at A* grade, more than 63 per cent of all grades at A*/A and 86 percent at A* - B grade.
In 2011, pupils achieved 75% A* to B grade at A-level, with a 99.7% pass rate, and 60% As and A*s at GCSE.[4]
Extra-curricular activities[edit]
In 2003 the school's Foundation Choir won BBC Songs of Praise Choir of the Year.[5] It takes bi-annual trips to perform across Europe, having visited Barcelona, Levico Terme, Strasbourg, Lake Geneva and Budapest and in 2016 the choir performed in Prague. The choir and numerous bands also perform at nearby St. Michael's Church.[6] The school's music department is equipped with a recording studio and practice rooms and offers instrumental lessons to the students.[7] The department also performs musicals such as The Revenge of Sherlock Holmes,[8][9] a West End musical, in 2012.
The school performs 2 to 3 plays a year; one by the Boys' Division/Sixth Form, one by the Girls' Division, and one by the Juniors. Recent plays include Cinders,[10] Arabian Nights,[11] and The Ramayana.
School trips[edit]
Trips abroad are arranged by individual departments, including those by the History and Classics departments, in addition to annual foreign language exchange visits.[12] Pupils are involved in biennial World Challenge Expeditions and recent expeditions have been to Morocco,[13] Ecuador, India and most recently Namibia.[14]
The school's Outdoor Activities Club organises regualartrips to Yorkshire[15] or the Peak District, that include walking, climbing and caving.[citation needed]
School sports include rugby, hockey, netball, cheerleading[16][17] and cricket for both boys and girls.[18][19] In 2012 the 1st rugby XV won the Rugby World "Team of the Month" competition twice.[citation needed] And last season (2012–13) made it through to the Daily Mail Quarter finals, as well as being named "Team of the Month" once again by the same magazine.
In 2006 the Boys' XI Hockey Team became national champions, with two of its players representing the country. The previous year the team were national runners-up. In 2007 the Girls' Division began cheerleading training under Rachael Burrows, a national champion and 2009 European Champion. In 2008 the King's Cubs (Years 8 and 9) and the King's Lions (Year 11) cheerleaders became national champions in their age group with the King's Kittens (Year 7) placed 5th.[citation needed]
- 1502–1533: William Bridges (first) [20]
- 1533–1560: John Bold
- 1560–1588: John Brownswerde
- 1588–1631: William Legh
- 1631–1648: Thomas Bolde
- 1648-1662: Henry Crosedale
- 1662–1666: Edward Powell
- 1666–1674: Ralph Gorse
- 1674–1676: Thomas Brancker
- 1676–1689: Rev. John Ashworth
- 1689–1690: Caleb Pott
- 1690–1704: Timothy Dobson
- 1704-1717: Edward Denham
- 1717-1720: George Hammond
- 1720-1745: Rev. Joseph Allen
- 1745: Edward Ford
- 1745-1749: Christopher Atkinson
- 1749–1774: Rowland Atkinson
- 1774–1790: Henry Ingles
- 1790–1828: Dr David Davies
- 1828: Thomas Bourdillon
- 1828–1837: Rev. Francis Stonehewer Newbold
- 1849–1872: Rev. Thomas Brooking Cornish
- 1837–1849: William Alexander Osborne
- 1880–1910: Darwin Wilmot
- 1910–1933 : Francis Duntz Evans
- 1933–1966: Thomas Taylor Shaw
- 1966–1987: Alan Cooper
- 1987–2001: Adrian Silcock
- 2001–2011: Dr Stephen Coyne
- 2011-Present: Dr Simon Hyde
Notable former pupils[edit]
|This section needs additional citations for verification. (November 2010) (Learn how and when to remove this template message)
- Rt Hon Alan Beith MP, politician
- Andy Bird CBE, Chairman, Walt Disney International
- Christian Blackshaw, classical pianist
- John Blundell, economist
- John Bradshaw, the chief prosecutor of Charles I and the first man to sign his death warrant
- Jon Craig, Chief Political Correspondent of Sky News (in the Junior School)
- Ian Curtis and Stephen Morris, of the post-punk band Joy Division
- Oliver Holt, former Chief Sports Correspondent for the Times and currently Chief Sports Writer for the Daily Mirror
- Michael Jackson, former Channel 4 Chief Executive* Hewlett Johnson, Dean of Canterbury, known as the Red Dean
- Sir Eric Jones,[21] Previous Director of GCHQ
- Peter Kenyon, Chelsea F.C. chief executive
- Peter Moores, England cricket coach
- Duncan Robinson CBE, Master of Magdalene College, Cambridge and Chairman of the Henry Moore Foundation
- Rev. Thomas Taylor, priest and historian
- Tommy Taylor, England non-capped player (hooker) and Sale Sharks rugby player[22]
- Edward Wild, neuroscientist[23]
Published books by King's School teachers:
- Banner, Gillian (1999). Holocaust Literature: Schulz, Levi, Spiegelman and the Memory of the Offence. Vallentine Mitchell. ISBN 978-0-85303-371-4.
- Palazzo, Lynda (2002). Christina Rossetti's Feminist Theology. Palgrave Macmillan. ISBN 978-0-333-92033-6.
- Hill, David (2003). For King's and Country. Chameleon Press.
- Wilmot, Darwin (1910). A Short History of the Grammar School, Macclesfield 1503-1910. Claye, Brown and Claye.
- ^ http://hansard.millbanksystems.com/written_answers/1946/may/31/wales
|chapter-url=missing title (help). Parliamentary Debates (Hansard). House of Commons. 31 May 1946. col. 236–239.
- ^ "War and Peace". The King's School in Macclesfield. Retrieved 3 December 2015.
- ^ "New Beginnings". The King's School in Macclesfield. Retrieved 3 December 2015.
- ^ [1]
- ^ [2]
- ^ "St Michael's Concert". The King's School in Macclesfield. Retrieved 3 December 2015.
- ^ "Instrumental Lessons". The King's School in Macclesfield. Retrieved 3 December 2015.
- ^ [3]
- ^ "Sherlock Holmes in Rehearsals". The King's School in Macclesfield. Retrieved 3 December 2015.
- ^ "Drama Club Pantomime". The King's School in Macclesfield. Retrieved 3 December 2015.
- ^ "Arabian Nights". The King's School in Macclesfield. Retrieved 3 December 2015.
- ^ [4]
- ^ "Trek through the Atlas Mountains". The King's School in Macclesfield. Retrieved 3 December 2015.
- ^ [5]
- ^ "Yorkshire Caving Adventure". The King's School in Macclesfield. Retrieved 3 December 2015.
- ^ "King's Cheerleaders are the best in Britain". The King's School in Macclesfield. Retrieved 3 December 2015.
- ^ "Cheshire cheerleaders impress Stateside". ITV News. Retrieved 3 December 2015.
- ^ "Sport (Boys)". The King's School in Macclesfield. Retrieved 3 December 2015.
- ^ "Sport (Girls)". The King's School in Macclesfield. Retrieved 3 December 2015.
- ^ Wilmot, Darwin. A Short History of the Grammar School, Macclesfield 1503-1910. (1910) Claye, Brown and Claye. Appedix I,i
- ^ D. R. Nicoll, Jones, Sir Eric Malcolm (1907–1986), Oxford Dictionary of National Biography, 2004
- ^ "NatWest Schools Cup Player Memories: TOMMY TAYLOR". England Rugby. Retrieved 3 December 2015.
- ^ "Edward Wild". uk.linkedin.com. Retrieved 9 June 2016.


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Comments on 'Algorithmic State Machine Design and Automatic Theorem Proving: Dual Approaches to the Same Activity'
Issue No.06 - June (1989 vol.38)
pp: 880-881
DOI Bookmark: http://doi.ieeecomputersociety.org/10.1109/12.24299
Although the P-functions of the original paper are an aesthetically pleasing method for optimizing binary decision programs, existing procedures are probably more efficient. Current research applying Prolog to the automatic design of microprograms is outlined.
gorithmic state machine; state machine design; automatic theorem proving; P-functions; binary decision programs; Prolog; automatic design; microprograms; decision tables; microprogramming; PROLOG; theorem proving.
L. Vroomen, P. Zsombor-Murray, P. Baracos, R. Hudson, "Comments on 'Algorithmic State Machine Design and Automatic Theorem Proving: Dual Approaches to the Same Activity'", IEEE Transactions on Computers, vol.38, no. 6, pp. 880-881, June 1989, doi:10.1109/12.24299

subset: commoncrawl


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Brace yourself, taxpayers: Dallas ISD may ask for a tax hike. Here's why.
Dallas ISD is considering a risky proposition: a tax rate increase to pay for school programs at a time when homeowners are grappling with higher property values that will cost them more money.
DISD Superintendent Michael Hinojosa and the Board of Trustees are discussing the possibility of having a tax ratification election, or TRE. It would essentially allow the district to seek taxpayer approval to exceed the tax cap of $1.04 per $100 of assessed value for maintenance and operations. The district has been at the cap for 10 years.
The maximum tax cap under a TRE is $1.17 – an amount that would provide DISD with about $100 million more per year. A homeowner with a $100,000 home would pay an extra $132 annually.
But the district says it needs the money to pay for school choice programs and to help make up for dollars that could be taken away from DISD by the state as part of the Robin Hood school finance law.
"There's no help coming," Hinojosa told trustees at a briefing last week, speaking on the difficulty of funding new initiatives. "We don't have to make any decisions today, but I think you need to start thinking about this."
Trustees had mixed reactions.
Trustee Joyce Foreman questioned the timing and the district's money management. She pointed to the pending purchase of a $46.5 million new DISD headquarters building, which she voted against. The district has said the building will allow for the consolidation of various offices and save millions.
"I think we have to be mindful of the fact that our taxpayers are already paying additional dollars in terms of taxes," Foreman said. "While I understand our desire to get ahead of the game, I am a firm believer that we might need to look at managing ourselves better, financially."
But trustee Dan Micciche said increasing the maintenance and operations tax rate is the only other source of funding in the district's control to pay for programs.
"We're making great strides in early childhood education, in career and technology and with our early colleges," he said. "These are the the things I think that we should ask the public if they will support. I look forward to further discussion on this."
An aggressive plan
The district is in the midst of rolling out an aggressive multiyear plan to have more specialized programs to attract more students to the district and keep current ones from leaving. Districts receive state funding based on student attendance.
The plan includes more prekindergarten seats, career and technical programs, and adding eight new collegiate academies next school year that will allow students to graduate with a high school diploma and an associate degree.
But the new programs, open to students throughout the district, will cost. They will require more employees, academic materials, new and reconfigured spaces and transportation to get kids to the different campuses.
And there's no financial relief coming, Hinojosa said. The Texas Supreme Court recently ruled that the state's school finance system is constitutional. School leaders in various cities had contended that the state doesn't provide enough money to districts to provide kids with a decent education.
DISD administrators also note that as a property-wealthy district with increasing valuations, they forecast having to pay $77 million to the state in 2018-19 to help fund lower-wealth districts under the finance system. The amount owed to the state is then expected to increase each year.
Adjustments to the funding formula in past years have kept large districts such as DISD – where about 86 percent of kids are economically disadvantaged – from having to send money to the state. But DISD officials believe their luck is running out. As an example, they note that Houston ISD will have to pay the state $165 million in 2016-17.
Hinojosa said the new programs cost more money but the district needs them to attract students. DISD's enrollment dropped by about 2,000 students this past school year, costing at least $10 million in state funding, officials have said.
But the district does expect a bit of a turnaround with enrollment. It is projecting a 706-student increase next school year because of interest in the new collegiate academies and the district's pre-K program.
The discussion about a tax rate increase comes even as Dallas County Judge Clay Jenkins has called for cutting tax rates to offset growing property values. Jenkins called for the county and all taxing entities in it – school districts, cities and Parkland hospital – to limit tax rates to stay at revenue projections made before accounting for the new appraisals.
Hinojosa said that the rising property values do help the district pay back debt – but don't help with operation costs because the state, in turn, reduces its aid, essentially equalizing any increase.
A hard sell with voters
Whether voters have the appetite for a tax rate increase right now is the question. Hinojosa said it would be "an interesting challenge."
It's not the first time the district has considered having a tax ratification election. Last summer, the board considered calling for a TRE instead of using the traditional bond method to pay for $1.6 billion in improvements. A TRE is desirable to districts because it can be used to pay for operation costs and programs — even teacher salaries, unlike a bond program that is limited to construction costs.
The district ultimately decided to have a bond election, which passed in November, after a Dallas Regional Chamber poll found that most voters would only approve such an initiative if the existing tax rate didn't change.
DISD officials vowed that the bond program would not bring a tax rate increase, as existing debt and new debt would be managed to keep that from happening.
Board President Lew Blackburn said that, beyond trimming fat from the budget, the district needs to lobby legislators before it hits the wealth level where it is required to send money to the state. But Hinojosa doesn't believe there's any pressure on legislators to act now that the court decision has found current school finance laws constitutional.
"The cavalry is not coming. They've turned around and went back to the Red River," Hinojosa said.
According to DISD, about 31 percent, or 483 of 1,556 Texas school districts, have a tax rate of $1.17. Neighboring school districts that have received voter approval to raise taxes to that amount include Grand Prairie, DeSoto and Coppell.
Trustees are expected to have more discussions in August. They do not meet in July. If the board moves forward with a tax ratification election, Hinojosa said it would be ideal to have it in November, when more voters turn out because of the presidential election.
Hinojosa said the district can fund programs next school year in the budget set to be approved by trustees later this month. But after that, he said, he's not sure.
"We're going to have big, big decisions to make," he said, if the district doesn't receive more funding.
Jim Terry, DISD's chief financial officer, said that he wanted trustees to know the district's financial outlook to prepare for coming years.
"Be proactive about it," he told them. "Here's early warning."


text:
Israeli PM criticized for installing bed on plane
Credit: The Associated Press
JERUSALEM — Prime Minister Benjamin Netanyahu will seek alternate sleeping arrangements when traveling after receiving a sky-high bill for installing a customized bed on a recent flight to London, officials close to the Israeli leader said.
Netanyahu found himself facing a public uproar on Sunday after Channel 10 TV reported over the weekend that he had spent $127,000 in public funds on a special sleeping cabin for the five-hour flight to attend Margaret Thatcher's funeral last month.
|The article you requested is no longer available on BostonHerald.com.
- More On:
- Israel government
- Margaret Thatcher


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17 August, 2008 - Published 12:14 GMT
BY Roland Buerk
BBC correspondent in Colombo
Sri Lanka's military says it has captured a Tamil Tiger training complex complete with a hundred underground bunkers.
The military said soldiers captured 'Jeevan Base' a rebel training complex in Weli-Oya on Saturday, after Tiger fighters fled the area.
The military's spokesman Brigadier Udaya Nanayakkara said it contained lecture halls and a hundred underground bunkers.
In fighting elsewhere across the north on Saturday the military says twenty-seven rebels and seven soldiers were killed.
Operations 'temporarily halted'
In recent weeks Sri Lankan troops have broken through the Tamil Tigers' defences in the north of the island and taken control of towns, villages and bases.
Repeated attempts to contact the Tigers by phone and email have gone unanswered in recent days.
Government officials have said they aim to defeat the rebels before the year is out and end the island's twenty five year civil war.
The military says it is now fifteen kilometres from Kilinochchi, the administrative hub of the dwindling territory the Tigers control.
The United Nations estimates up to seventy-five-thousand people have fled the fighting since the start of June and many have converged on the town.
Cabinet Minister Keheliya Rambukwella said the forces were holding back in some areas while the Government considered how to get the civilians out.
He accused the Tigers of using them as a human shield.
Relatively few civilians have crossed into Government-controlled areas and last week Amnesty International alleged the Government was putting those who have into what they called "de facto detention centres".


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Percy Leo Gaston
Published: Friday, September 14, 2001 at 6:01 a.m.
Last Modified: Thursday, September 13, 2001 at 11:00 p.m.
Percy Leo Gaston, 86, a native of Montegut and resident of Golden Meadow died at 11:47 p.m. Wednesday, Sept. 12, 2001.
Visitation will be from 9 a.m. to funeral time Saturday at Our Lady of Prompt Succor Catholic Church in Golden Meadow. Mass will be at 11 a.m. Saturday at the church with burial in St. Joseph cemetery in Chauvin.
He is survived by his wife, Lottie Stringer Gaston of Golden Meadow; one son, Winston C. Gaston of Matthews; three daughters, Mrs. Wayne (Rosalie) Coleman of Franklin, Mrs. Emile (Brenda) Guidry of Matthews, and Patricia Gaston of Golden Meadow; one sister, Mrs. Isaure Gaston Pierron of Houma; eight grandchildren; and 14 great-grandchildren.
He was preceded in death by his parents, Anatole Gaston and Emma Robicheaux Gaston; three brothers, Israel Gaston, Albert Gaston and Magnus Gaston; and four sisters, Emily Gaston Hutcherson, Lea Gaston Rhodes, Azema Gaston Rhodes and Angelice Gaston.
He was a retired employee of Texaco Production of 41 years and former member of Holy
Name Society and Knights of Columbus.
He was a parishioner of Our Lady of Prompt Succor Catholic Church.
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You can now easily put an SW award in your signature/posts like a smilie. Just look for the SW award tab after you tap on the smilie face.Dismiss Notice
Hey im back on the bandwagon again!
Discussion in 'Slimming World' started by weemissnaughty, 19 January 2014 Social URL.
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Crawling plant, taken in Kg. Baru, Hulu Langat, Selangor
After bouts of weird dreams, taking the elevator (made in see through glass!) to 59th floor, realizing I under packed for a trip – it was a 4 days trip, and I brought only one t shirt, buying cigarettes for my dad – having problems remembering what my dad likes, I bought Lucky Strike instead of Kent, asking an Indonesian man what nasi lemak he sells – sambal udang or sambal ikan bilis and he couldn't understand my question – I woke up.
I simply don't want to get out from the bed these few mornings! The rain this morning was particularly soothing and fresh. I just wanted to stay in bed for as long as I could!
The rain reminds me of my primary school song. It's funny whenever there is rain, this song would somehow automatically play in my mind.
Angin bertiup, awan berarak
Itu tandanya hari nak hujan
Kilat meyabung, guruh berdentum
Itu tandanya hari nak hujan
Hujan pun turun
Membasah bumi
Penghuni alam
Rasa bersyukur
Have a pleasant weekend ahead.


text:
I really messed up and tried adding a social widget like explained here- http://www.wpzoom.com/forum/viewtopic.php?f=21&t=12732 to my wpzoom /functions/theme/widgets/social.php .
I went to theme editor and then theme functions (functions.php) and under theme widgets I added
require_once THEME INC . "/widgets/instagram.php";
require_once THEME INC . "/widgets/twitter.php";
Now i get an error and am completely locked out of wordpress and my site thetroyindependent.org
Warning: require_once(/home/content/32/10006132/html/wp-content/themes/tribune/functions/theme/widgets/instagram.php) [function.require-once]: failed to open stream: No such file or directory in /home/content/32/10006132/html/wp-content/themes/tribune/functions.php on line 37
Fatal error: require_once() [function.require]: Failed opening required '/home/content/32/10006132/html/wp-content/themes/tribune/functions/theme/widgets/instagram.php' (include_path='.:/usr/local/php5_3/lib/php') in /home/content/32/10006132/html/wp-content/themes/tribune/functions.php on line 37
So I know how to fix it....just take out the line of code with Instagram and it should be fine. But I can't access anything. I don't believe I have access to the server?
I am very flustered because I'm not quite sure how to solve this problem and I didn't have an ftp account prior-not sure if that matters?
I did back my theme up and I backed up my site right before I added the line. But I am lost trying to figure this out.
All help would be greatly appreciated!!


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- 4 beds
- 3 baths
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Next 2.50...hoping for a pop if GABON has some commercial potential? Possible that HNR may trade under 1 if the Gabon results are not positive. Very risky now but worht day trading.
Good luck,
U stupid lying MF, never went to price U said. F- - off AH, DH, JA. Quit sucking your Richard.
You should be ashamed of yourself whoever you are. HNR was even in the 2.70,s at one point and I had orders at 2.65-2.55 that were not filled.
Here is one trade of 100shares at 2.86...sorry do not have the exact time handy but can ask my broker for it.
03/19/13 Bought 100 HNR
HARVEST NATURAL RESOURCES INC $2.86 $4.50 -$290.50 Tag A0816
done with Tradeking. If you want the exact time I will have to contact my broker...but I bought only pre-market and sold out today.
I bought at 2.92 2.90 and also 2.80...total shares 800 shares. Sold out today at above 3.90...Profit around 800 dollars/1 day.
Good luck,


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text:
I finally got around to playing with widget creation and so far so good, but I have several widgets controls in the same plugin. That works fine, but I'd love to put a description on them like all the default widgets in the list.
How do I do that? Is it in the register command? I have this so far:
register_widget_control(array('Jsearch Tags','widgets'),'widget_jsearch_tags_control');
I can't seem to find the documentation that would allow a description, but I suspect it's there somewhere.


text:
The Peyton semi-flushmount ceiling light pairs a black finish with white opal etched glass.
The sophisticated Peyton Collection features transitional styling everyone can appreciate. A subtle finial enhances this distinctive study in black and white. This semi-flushmount ceiling light features a black finish and white opal etched glass. A fabulous lighting accent from Feiss.
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Reuven M Koblick
Sharon, MA
Also Known As
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Reuven M Koblick
Richard M Koblick
Reuven M Koblick is in his 70's
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Sharon, MA
Avon, MA
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Reuven M Koblick
Zodiac SignCapricorn
StatusLan Administrator at Centurion Funding Corp
StatusLan Administrator at Centurion Funding Corp
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Reuven M Koblick Has Lived in 1 State
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11 Gxxxxx Sx
Sharon MA
Sharon MA
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Sharon, MA
Avon, MA
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(781) ***-**** - Bedford, MA
(617) ***-**** - Boston, MA
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Information regarding Reuven M Koblick's professional history. Find out previous places Reuven M Koblick has worked as well as dates employed. The following data is not guaranteed for accuracy and should not be used for employment, insurance, credit eligibility, or for any other purpose covered under the Fair Credit Reporting Act.
Reuven M Koblick Has Worked at 1 Place
Company: Centurion Funding Corp
Title: Lan Administrator
Reuven M Koblick's Experience
Title: Lan Administrator
Company: Centurion Funding Corp
Job Details
Centurion Funding Corporation was founded in 1985 by Robert A. Dell, a seasoned real estate professional . As the industry invoked new challenges and the secondary market was born, near unlimited funds introduced to the American market. We at Centurion became licensed first as brokers then as lenders. Because of the highest standard required by the Massachusetts Banking Commission, many are called but few are chosen. We have withstood the test of time. Our clients have been well served. Today the licenses are held as badges of competence. For three consecutive years, Centurion Funding has achieved the distinct honor of being Greater Brockton's #1 choice for mortgage brokerage. Because the mantel is high, we strived and achieved the honor of acceptance for Government Insured Loans, FHA and VA. Both provide unique services and programs of assistance. Automated FHLMC and FNMA systems with which we subscribe, enable us at Centurion Funding to get near immediate approvals for new loans and in the constantly competitive market we are able to find and lock rates for which we are famous. Diversity is a strong point. Not only are we associated with over 100 lenders and thousands of programs, but we are a melting pot for ethnic representation. Our staff includes Europeans, East and West Asians, Hispanics, Pacific Islanders, African American and Anglo and we are growing every day. Lastly, the sister company, Homes Unlimited Realty Corp. with national MLS accessibility can get homes from VA and HUD foreclosures to a mansion on a hill.
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text: Topic Archive: Billy Crystal Oscar Party Report: Inside Events From 'Vanity Fair,' Elton John, the Governors Ball, 'Maxim,' 'Essence,' the Weinstein Company, and More Event Report Posted February 27, 2012, 1:07 PM EST Event Producers Give the Oscars 'B-'; They Liked Cirque du Soleil and Pre-Taped Segments, But Not Billy Crystal News Posted February 27, 2012, 9:15 AM EST 2001-2011: Blockbuster Robin Hood Gala's Cutting-Edge Fund-Raising Event Report Posted August 22, 2011, 8:45 AM EDT Event Calendar: Wednesday, February 12, 2003 News Posted February 15, 2006, 1:37 PM EST Guests See Stars (and Circles) at Tonys Ball The circular shape of the big theater awards statuette inspired the decor at the supper ball following the ceremony. Event Report Posted June 8, 2005, 12:00 AM EDT Rockin' Robin Hood Benefit Goes Red Event Report Posted June 4, 2003, 12:00 AM EDT Choosing an M.C. News Posted October 25, 2000, 12:00 AM EDT


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The Spirituality of Wine
Recently I read through Gisela H. Kreglinger's book, The Spirituality of Wine. I was already familiar with most of what the Bible says about alcohol (I include a discussion of alcohol in chapter five of my book Redeeming Pleasure). Yet this book explored more nuanced aspects of it that I enjoyed (such as the quote below about Noah). She does a great job connecting wine with aspects of the Christian faith as well as offering ways to enjoy it from a healthy, balanced perspective. In Christian circles alcohol quickly becomes a divisive subject, yet this book approaches it from an objective and cautious perspective.
Here are some of my favorite quotes about how wine connects us to Jesus:


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Promo music video for "Jeopardy" performed by the Greg Kihn Band. This is an old ETV 80's classic p…
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Animal Conservation in Phuket
Travel and Local Information Guide
Phuket has long housed the Gibbon Rehabilitation Project. Set in the jungle by Bang Pae waterfall, visitors are welcome to observe (from a distance) the process. Elephants come to Phuket to work in the tourist industry. There is a strict quota as to how many are allowed on the island and, being sociable creatures, they enjoy the human contact.
Even though larger species of sharks are not directly related to Phuket, certain ethically-minded restaurants here refuse to serve shark fin soup because of the cruelties it entails.


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The 2404-VLZ Cover from Mackie is a soft dust cover designed to fit the 2404-VLZ3 and 2404-VLZ4 mixing consoles. It prevents dust and debris from settling on the console to keep it looking like new.
|Packaging Info
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|1.1 lb
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Balsamic Chicken Livers
Total Time
Prep 5 mins
Cook 10 mins
If you are reading this, then you probably like chicken livers! This recipe, however, may convert the "others", namely husbands, boyfriends, wives or girlfriends who don't. I must admit I would never have thought of this combination, but the balsamic vinegar tempers the earthy taste of the livers. These are equally good cold, served as appetizers.
Ingredients Nutrition
- 1⁄2 cup flour
- 1 teaspoon red chili pepper flakes
- 2 tablespoons olive oil
- 1 lb chicken liver, cleaned and cut in half
- 2 tablespoons balsamic vinegar
- 2 ounces butter
- salt and pepper
- Combine the flour with the chili flakes in a resealable plastic bag.
- A few at a time, put the livers in the bag and shake to completely coat, remove and set aside.
- Repeat with remaining livers.
- Heat the oil in a large frying pan.
- Pan-fry livers for 2-5 minutes each side depending on whether you like them rare or well-done.
- Remove the livers from the frying pan.
- Remove the pan from the burner, and wait about 30 seconds for the pan to cool slightly.
- Add the balsamic vinegar to the pan, return to the heat, and scrape the juices and cooked bits up.
- Add the butter, and continue to mix well.
- Return the livers to the pan, coating them with the sauce and warming them through.
- Serve, and enjoy.
Most Helpful
Very nice recipe for chicken livers! I made it as directed but sprinkled the cooked livers with garlic salt and pepper when I removed them from the pan. I like how the balsamic and butter glazed them and the balsamic flavor was really complimentary.
Excellent chicken livers! I did add plenty garlic and sage and would maybe double the butter and balsamico next time, for more sauce.
I had some leftover liver after making cat food today and came upon this recipe. Mmmm, it was so good. I could barely tell it was liver. The sauce was delicious. I can't wait to make this again.


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Plextor M5 Pro 256GB SSD with Xtreme 1.02 Firmware Review
AIDA64 Random Access Time
Version and / or Patch Used: 1.60
Developer Homepage: http://www.aida64.com
Product Homepage: http://www.aida64.com
AIDA64 offers several different benchmarks for testing and optimizing your system or network. The Random Access test is one of very few if not only that will measure hard drives random access times in hundredths of milliseconds as oppose to tens of milliseconds.
Drives with only one or two tests displayed in the write test mean that they have failed the test and their Maximum and possibly their Average Scores were very high after the cache fills. This usually happens only with controllers manufactured by Jmicron..
The read latency increased with the new firmware, but the large DRAM cache for table data has always given Marvell controllers low latency performance in this test.
The write latency decreased and that helped Plextor get the M5 Pro into the 100K IOPS range.
PRICING: You can find products similar to this one for sale below.
United States: Find other tech and computer products like this over at Amazon's website.
United Kingdom: Find other tech and computer products like this over at Amazon UK's website.
Canada: Find other tech and computer products like this over at Amazon Canada's website.
- Page 1 [Introduction]
- Page 2 [Specifications, Pricing and Availability]
- Page 3 [Plextor M5 Pro SSD]
- Page 4 [Benchmarks - Test System Setup and ATTO Baseline Performance]
- Page 5 [Benchmarks - Sequential Performance]
- Page 6 [Benchmarks - AIDA64 Random Access Time]
- Page 7 [Benchmarks - Anvil Storage Utilities]
Recommended for You
- We at TweakTown openly invite the companies who provide us with review samples / who are mentioned or discussed to express their opinion of our content. If any company representative wishes to respond, we will publish the response here.


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Live Blogging the Goldman Senate Hearing
The moment many have been waiting for: The public debut of Fabrice "Fab" Tourre.
The French-born, Goldman Sachs trader is prepared to testify at today's Senate subcommittee meeting that he "categorically" denies the SEC's charges against him.
In his written testimony, Tourre is sticking to Goldman's script: He argues that he never told ACA Capital Management that Paulson was an equity investors in the 2007 Abacus CDO, which lost much of its value shortly ACA invested in it.
Tourre also is employing the "big boy" defense — that all of the investors involved in the deal were sophisticated investors. [Look for Senate investigators to point out Tourre's own emails encouraging Goldman to target non-sophisticated investors as buyers of these complex derivatives]
Tourre will be joined on the panel by other Goldman execs, both past and present: Daniel Sparks, former head of Goldman's Mortgage Department; Michael Swenson; a structured products trader and Josh Birnbaum, former a structured products trader.
We have to wait until this afternoon to hear from CEO Lloyd Blankfein who gets his own panel.
This morning, all eyes are likely going to be on Fab, who is at the heart of the SEC case. The line outside the hearing room is snaking through the bowels of the Senate building. CNBC is flashing images of protesters wearing jail uniforms and holding up photos of Blankfein and Gary Cohn, the COO.
Deal Journal is live blogging the Senate hearing, which is due to start at 10 a.m. (Also, follow Deal Journal on Twitter.)
Fab enters the Coliseum. Let the show trial begin!
Fab looks loose. He's smiling and joking with people around him.
Levin is offering up his prepared remarks…pretty much the same ones that are on his Senate website – for those of you interested. Hey, Corkery, what exactly is the point of the hearings, anyway?
Levin is speaking now, giving his opening statement. This could take a while. During the recent Wamu hearing, he gave a roughly 45 minute opener.
Levin: "The results of the unregulated investment bankers were disastrous."
Newmark, the point of the hearing is to expose Wall Street's role in the near collapse of the financial system. Levin's committee — one of many that is investigating the financial cirisis — is trying to bag the big whale, Goldman Sachs. None of the other committees have targeted Goldman, preferring to focus mostly on the losers. Levin is ambitious.
Levin: Goldman's actions demonstrate that the firm saw its clients as objects to profit from. "Its conduct brings into question the whole purpose of Wall Street" and its argument that it is an engine of the economy.
He's ambitious, but the problem we will have today is that the basic story is already known. Are we going to get anything new from Levin? I doubt it. This is plainly a show trial designed to paint Washington as the good guys and Wall Street as the bad guys. Truth of course is – there are no good guys here.
The "Fabulous Fab" does look loose. Maybe he read Berman's love letter.
Welcome to David Weidner. Boy, Corkery, you were right about Levin. He just goes on and on. He must be taking lessons from Chuck Schumer on how to hog the mic.
Right on Weidner. As Berman pointed out in his piece, Fab's emails were at least a breath of fresh air on Wall Street. Fab was telling it like it is. Despite Goldman's statements that its actions are designed to fuel the economy, finance is not a job for idealists. It can be rife with ugly conflicts.
Evan, you're right that there aren't any heroes, but it's worth a closer look at how Goldman made the bets it did when it was shoveling a bunch of junk out the door. If anything, people watching may find out how Wall Street works. That is if Levin ever gets off the mike.
Levin's entire testimony points out the "damned if you do, damned if you don't" dilemma that Goldman faced. Was Goldman short? Perhaps, but those that weren't – Lehman, Bear, AIG blew up. Being long meant almost certain destruction.
Exactly Corkery, it's a big boys' game.
Goldman "witnesses" must have had some good coaching. These guys are ice. They are showing no emotion, even as Levin castigates them.
Levin's tedious monologue has lost most viewers already. It's easy for the Goldman guys to look steely, they're almost certainly not actually listening to Levin. I know I'm having a hard time listening myself.
Give Levin a break. He's dug up emails that have shed more light on the inner workings of Goldman Sachs than journalists or other investigator have ever done.
Levin seems to be upset that an investor, in this case Goldman, would bet against mortgage securities. But would he still feel the same loss of innocence if Goldman had shorted the equity market even as it was still underwriting IPOs and selling stock to investors? The nature of the security, the fact that its so closely tied to the American Dream, seems to be part of the issue.
Levin is pointing out the great revelation that on Wall Street - client's interests don't always come first. We have to have a hearing for that? This has been going on for well over a hundred years.
Mortgages are different than shorting stocks. They are connected to someone's house and the short bets were predicated on people losing those homes and enduring financial turmoil.
Corkery, the inner workings of Wall Street? Can you imagine what a transcript of a closed door negotiating session among Senators would look like? Self-dealing on Wall Street is at least pretty self-evident. Self-dealing amongst politicians is much harder to track.
You may be right about politicians Newmark. But the fact that self-dealing on Wall Street is self evident doesn't necessarily make it above reproach.
I'd argue that stocks are just as important as most Americans have their retirement savings, college funds etc. locked up in the market. A short bet against stocks says that corporate America is overvalued. It may be god's work, but it ain't patriotic.
As I watch Susan Collins, go on…we're over a half hour in…I wonder, who is the audience for this hearing? Does the hate for Wall Street and Goldman Sachs run so deep in America? Apparently, at least 41 Senators don't think so – they voted down the first vote on the Financial Reform Bill.
We want Fab. We want Fab. We want Fab.
Claire McCaskill is angry – at least we're getting a little emotion, a little energy here. The voice of the people! McCaskill: " You think you're so smart!" Well, yes they do – and they got the bank account to show it.
Forty five minutes later and Levin is finally turning to the witnesses.
There goes the money shot. The four goldman panelists stand, raise their right hands and are sworn in.
The Dan Sparks testimony is pretty straightforward – it will be the GS party line. My job was about managing risk….very complex stuff….I'm proud of Goldman Sachs. I predict that this will be more compelling than people think. Full disclosure: I was an MD at Goldman Sachs myself.
Yeah, Sparks is good. Deferential to Congress, but resolute in defending Goldman's honor. He says he was never directed to go short or go long on mortgages, only to manage risk.
Evan, when you testify tomorrow, will you say you are "proud" like Birnbaum and Sparks?
Weidner, this is an angle that is often understated or missed by you all in the media. Even if the culture of Goldman Sachs has been diluted over the past twenty years, it is still very powerful. The people there really are top-notch – and that's why clients still work with them – in spite of all the bad press.
According to a 2007 article by Kate Kelly, Michael Swenson and Josh Birnbaum pushed Goldman to wager that the subprime market was heading for trouble.
They sound flat, but it you close your eyes and imagine them shouting their testimony, it would be like that email making Goldman sound like Jack Nicholson in "A Few Good Men." "Goldman Sachs has a greater responsibility than you could possibly fathom!"
Thanks for the WSJ story link, Grocer. Back then, they were whiz kids, now they are hauled in front of Congress and are being called greedy, "street gamblers."
Here he is the 'Fab Fab'
Tourre is the first witness who sounds like he has a little life in him. He sounds almost chipper.
Seems like he is going down the "we are all big boys in this market" defense.
Four quick observations: Tourre is young, rich, smart and French. Not good. Let's see what he has to say.
Well, it's certainly easier to like Fab – he's got a bit more energy than his senior colleagues. Love the "categorical" denial of the SEC's accusation. He means it and you get the sense that the SEC has it's work cut out for them.
Goldman's PR official Michael Duvally can be seen sitting directly behind Tourre. Looks like he's perched on his shoulder.
Look at the Exhibit Book that Sparks is carrying….geez….my guess it weighs an easy 20 pounds…Levin's going to dig deep into the Anderson securities deal. Is Levin trying to prove that salesman often sell stuff they don't believe in? That's a great American tradition.
This is an inauspicious start for the inquiry. The book is so big that Sparks, the first witness, can't find the exhibit Levin is referring to.
Levin has him in a corner.
Weidner, boy, you and I just see the world differently. Levin is in too deep. He's already asking hypothetical questions because this stuff is so messy.
Evan, it's a pretty simple question
He's got the right answer. Just spit it out with authority.
Not the way Levin is asking the question.
Newmark, Is Sparks playing a version of "rope a dope" with Levin?
How many ways can Levin ask this question before he moves on?
Yes, it's a beautiful "rope a dope" . Levin's throwing too many punches…exhausting himself, just like Foreman.
They seem to be talking two different languages.
Why doesn't he just say "We don't need to be comfortable, the client has to get comfortable with the investment."
Levin is tying to get Sparks to defend deals that went bad. Sparks isn't biting. Like his colleagues, he's sticking to the script saying that the other investor in the deal were well aware of the terms of the deal and the subprime market.
The problem here seems to be the problem with the emails. They excerpts and seem seem damning but they aren't put into any context.
Levin just said Sh— on live TV.
Levin has now repeated "sh—" and "cr—" several times.
Levin is losing his patience and keeps saying sh—
Levin is getting some traction on Timberwolf…he's asking simply should Goldman be pushing to sell to its clients something it called a "Sh—-" deal.
Levin has really lost his innocence over this — and his composure.
Levin: "If we can't get a clear answer from you on that one, Mr. Sparks. I am not sure we are going to get clear answers on too many other issues."
A question from a Deal Journal reader: Why does [Sparks] remember roughly what he lost on the longs, but he can't seem to remember anything about whether they were up or down on the shorts?
That was a lot of S— bombs from Levin. But the WSJ's Amy Schatz, who covers the FCC, tells us none of the TV stations broadcasting the hearings — CNBC, CSPAN, FOX — are likely to face a fine. The FCC can't impose indecency fines on cable networks.
Collins is on to the rope-a-dope. "I can't help but feel the strategy is to burn through the time."
Sen. Collins is questioning Fab now. He asks for her to repeat the questions. He can't find the email she is referring to. Collins laughs. "I can't help but think that the strategy of the witnesses is to burn through the time allotted for the questions."
You think?
The exhibit book might be big but at least its well ordered — Collins
Collins is having the last word: She tells Fab that his email reads to me that you wanted to deal with people who didn't know how things work.
Collins asks Birnbaum what "the big short" means. Why, if Goldman was just trying to stay "neutral" (not net long or net short the mortgage market) would the firm use a term like the "big short." Birnbaum says he wasn't on the particular email and doesn't answer the question.
Birnbaum is tough. He states clearly why things are complex. Collins backs away. That's a win for GS….Levin warns against the "rope a dope" – we'll stay hear as long as necessary. Yeah, right….the TV cameras certainly won't.
Levin just said that the committee will stay here as long as it takes to get answers. The way its going so far they will get to Blankfein next week
This ducking and weaving is getting extreme. The Goldman execs are asked: What is a stated income loan? Birnbaum says they "are what they sound like," though "there are other people more qualified to answer that question."
Hey, Corkery – Senator Kauffman is trying to pin the entire subprime mortgage crisis on Dan Sparks…the origination of stated income loans?…that wasn't Goldman's business. What is it doing even being discussed at this hearing? This line of questioning, pure hindsight bias, is exactly why this is a show trial and not a thoughtful discussion of what went wrong.
I disagree Newmark. This was not just hindsight and it is relevant. Goldman was shorting these stated income loan securities, at the same time it was selling the related securities to clients, because Goldman knew they were bad news. Goldman knew they were bad news back then. That is why they shorted it.
Kaufmann to Sparks – "don't do the hindsight thing with me"…by definition, any investigation is nothing but hindsight analysis.
Sparks- Goldman wasn't trying to game the rating agencies. It worked with the rating agencies.
Almost near-halftime report: I'm giving it to GS on points so far….actually I don't even think it's close. Sparks is strong. Birnbaum is strong. Levin was too emotional and messy. Kauffman is good – but he isn't really going at GS – more of a re-cap on the whole subprime disaster. And Corkery, Grocer, Weidner – the stock market agrees with me. In a terrible tape, Goldman's stock is holding up.
Sparks– rating agencies were under a lot of pressure but worked hard and tried to their job.
Given past hearings on the rating agencies, those comments are likely to be met with skepticism.
Newmark, are we watching the same hearing. I will give you that the Goldman executives are cool under pressure, but they also will be portrayed as being evasive and trying to run out the clock. The Senate has the advantage. Fair or not, they don't need to prove their case, only score rhetorical points.
Talk about a performance review. Coburn just said he wants to go over Swenson's performance review in detail.
Coburn's going after Swenson's self-assessment. I used to fill out these assessments – and they have one point: to make yourself look as good as possible. So of course, you're going to take credit for any trades that worked. Dueling self-assessments? Of course – Goldman is known for its teamwork – curious to know where Coburn is going with this?
Swenson is doing his version of "sir, yes, sir." But the frustration with the questions is starting to show. "Where is that passage located?, sir," he asks Coburn. "I am just trying to be helpful, sir."
If you want to follow along in the massive exhibit book, here you go. 901 pages in all, but don't worry its well ordered.
Coburn is – I think – trying to corner Swenson into the "you went short while still selling long securities" argument. But here are the chinks in that argument: it's all hindsight bias, the direction of the market was not a uniform view at Goldman and it's hard to show (in a hearing) how the market timeline matches up Goldman's own positions. There's also the complexity – Swenson is now making it clear that he didn't work on CDOs, but ABSs.  On top of that, you have the issue that the banks that didn't do what Goldman did basically self-destructed. This is why GS is still winning the hearing – even if Swenson is a weaker witness than Sparks or Birnbaum.
Coburn asks Tourre if he has any thoughts about why the personal emails were released by Goldman over the weekend.
Coburn asked how does it make you feel when Goldman released your personal emails. Fab says "I wish I hadn't sent those" emails.
Cobern seems to be hinting at whether Goldman will thrown Tourre under the bus.
Claire McCaskill from my home state, Missouri, makes a betting analogy using my alma mater KU and Mizzou as an example. Not a good analogy except that KU, like Goldman, almost always wins.
McCaskill keeps comparing Goldman to a bookie. Sparks responds: Mind if I don't use the bookie analogy
Grocer, that is exactly what Coburn appeared to be doing. Suddenly, Fab wasn't looking so chipper. Looks like Goldman may be parting ways with Toure, and Fab looked rattled. Coburn exposed some incredible details just then: The fact that Goldman was providing reporters help to translate Tourre's emails from French, presumably to show how embarassing they were.
Claire McCaskill is the great populist from the Show-Me State. At least, she's playing to the voters back at home: Wall Street is a casino – you're all gamblers. "What's your vig?" Spark's response is cold and beautiful – are you talking about how we make profits? You can see why this guy was a great trader…..matching McCaskill's hysterics with rational, even-tempered analysis. "I'm a believer in markets." This guy's a killer. He's destroying McCaskill.
Sparks has been pretty cool under pressure today. He no longer works there, but maybe Goldman should consider paying him a bonus this year.
McCaskill is scoring now. She's pointing out the absurdity of having Paulson & Co. and ACA in the same room. Tourre famously wrote the meeting was "surreal"
McCaskill is trying to do the "I'm just a regular person trying to figure this out" kind of thing – but she's out of control. "Isn't this weird?"  She wants to go through the Timberwolf documents…oh, no…don't do it. She's coming across as unhinged. the unemployed in Missouri…"that's what we're honing in on."  My goodness, the unemployed in Missouri…..there she goes using the dirty "S" word. She seems just desperate…is she up for re-election this year, because all her opponent needs to do is Youtube a video of her horrific performance.
Weidner and Corkery, I hope you're not suggesting McCaskill's questioning is anything but an embarrassment to the people who put her into office.
Sen. Claire McCaskill is showing the Senators how it is done: The Goldman guys keep giving detailed answers about how synthetic CDOs work and she asks but doesn't it just seems "wierd" that Goldman would not tell ACA or IKB that Paulson came to Goldman looking for a mortgage deal that it wanted to short. She doesn't give the Goldman executives a chance to answer. Then, she says, explain to me and the people in my district why they lost their jobs, while Goldman profited from the collapse of the mortgage market. Again, the Goldman execs don't have a chance to answer.
Their answers don't matter. It's the questions that matter politically.
She has an excellent point: That common sense is much different from Wall Street sense. These guys were down in the weeds with every justification in the industry play book to do what they did. But that doesn't mean that it was fair business. Yet they had to be conscious of this. You can just see Tourre thinking he's just going to pin this whole thing on ACA if it ever came to this.
Claire "common sense" Thanks for reading our live blog.
Sadly,  and perhaps naively, this should not be about politics. Three years  on and we still haven't taken steps to fix the problems that led to this mess. Would be great to have a discussion that would shed light on exactly what went wrong and how address that.
Sparks: I don't think it's our responsibility to disclose our position.
Pryor just asks Sparks if there was no ethical standards in the industry.
Sparks replies: That the industry had ethical standards and Goldman's were more robust than many in the industry.
Grocer, you're being too cynical. They are, perhaps unwittingly, tackling the issue: Wall Street market making is different from the consumer world where you buy a product and the seller has a responsibility that the product will work as suggested. On Wall Street, there is no responsibility of the seller. Indeed that seller may be looking to undercut you. It's pure buyer beware.
Pryor to Sparks: Did Goldman's actions contribute to the downturn in 2008?
Sparks: "We have sympathy" for our clients who have lost money. Regret is something that you have when you did something wrong, "I don't have that."
Pryor asks the question again. Sparks asnwers: I haven't thought about that before let me get back to you. Given the blame Wall Street has taken for the crisis, it raises the question of how he hasn't thought about that.
Sparks gives a half-confession: "We work for an industry that got loose" with credit standards.
Swenson gets points for honesty and brevity: "I don't think we did anything wrong."
I liked Senator Pryor's testimony – level-headed, thoughtful. Talked to the witnesses as human beings – elicited good response. It's clear that Senator Ensign is taking a different tack – "market manipulation?" – but then again, given Ensign's current ethics issues, he probably has to.  It's certainly hard to accept his outrage over questions of ethics.
Newmark. You are right. Pryor asked good questions and provided the headlines for tomorrow's stories about the hearing. Goldman Sachs executives feel no remorse.
Well, that's not exactly what the Goldman witnesses said. That's what Pryor said. The Goldman folks all had "sympathy." Sparks was five steps ahead of Pryor on that line of questioning. It's unlikely that Sparks or Birnbaum or any of them is going to say give the Goldman-haters the effusive headline apology that they so badly want.
Is Senator Ensign serious? He's asking a bunch of traders about whether the bonuses they received caused them to make foolish decisions. What does he expect them to say. To confess that they broke the rule because they were being paid a lot of money.
Get back to the emails about mortgage trades. That is where the goods are. This is devolving into the same old compensation debate that gets nowhere.
What does the market think about the hearings? Goldman's stock is up 1.30%, while the market is down nearly 1% due to Greece downgrades
Senator Tester – back to the old "who are you working for" – clients or not. Sparks – "if you don't manage your risk, you won't be around to work for your clients." This is one of those quasi-existential questions that will not be resolved – certainly not in a Senate hearing room. Now, Tester's asking Dan Sparks how he'd reform the US financial system. I hope Tester doesn't actually think Sparks will answer his question.
Tester asks Sparks what he would change about the financial regulatory structure.
Tester and Ensign engaging in a little gratuitous bashing of rich Goldman executives. What a wonderful thing -Â at least there's bi-partisan agreement in D.C. on something – even if it's only hating Goldman.
Tester says that Goldman executives were told what to say by their lawyers.
Put Tester in the category of lawmakers that wants strong regulation. Tester said that the U.S. has a problem and a problem on Wall Street, specifically. And that he doesn't want to see another financial crisis. "I think we need strong regulation."
Levin is back for another crack…He's focusing on the Hudson deal, in which a Goldman employee referred to the deal as "junk." He keeps asking the question and then asking the question again. "You were trying to shift that risk to somebody else," Levin said
Levin just got one on the unflappable Sparks.
The Goldman exec said that a salesperson may have referred to the CDO as junk but "we didn't believe it was junk. We didn't sayd that."
Levin: But the salesperson who is selling this CDO for you thought it was junk. It was junk.
Levin is barely hiding his disgust in his questions to Sparks.
Levin to Sparks: You have no regrets. You should have plenty of regrets. That's why we need financial reform
Levin can't nail down Sparks by questioning him so now he's just going to lecture him.
"You have no regrets. You should have regrets," says Levin, when referring to an internal email about Goldman making lemonade out of "big old lemons."
Levin is stitching together some messy narrative based on emails, bad deals, lemons making lemonade…To Sparks – regrets, you have no regrets….that's why we got to do some re-regulation. It's reassuring to know that one Senator thinks we're regulating in order to punish Wall Street – I thought it was about preventing another crisis. But then again, we're at the point of the hearing when it's all come down to creating some soundbites for evening news.
Levin is now waving document saying this is Goldman's response to the SEC, "so I am not sure you want to quibble with this."
Is it me, Corkery and Grocer, or does listening to Senator Levin go on at length, make you want to take an afternoon nap?
Coburn: Is there policy at Goldman Sachs that there are some things that you are not suppose to raise on email. Each answers no.
No napping, Newmark. But I can't help but wonder if those Goldman Sachs guys are getting hungry. The hearing has entered its fourth hour.
Levin was serious that the committee would be there as long as it took to get answers.
It's nice to see that Senator Coburn- who is both a Senator and a Doctor – is just like everyone else. He doesn't like it when he can't explain himself – so he gets angry at other people – in this case the Goldman witnesses.
Guys, as we go into the fourth hour, I wonder if any of the Goldman guys will break down and shout: "You want the truth, Levin. You can't handle the truth."
To answer your question Newmark: Coburn and others are probably getting angry because of low blood sugar.
Why is Levin trying the whole SEC case on Tourre at this hearing? Levin is a stronger man than I, Corkery, are we going to wrap?
I agree Newmark, it's time to wrap up this live blog. Here's my take on some of the winners and losers of the hearing thus far.
Fab Tourre was bright and breezy and forceful in defending his role. His only weak moment was when Sen. Coburn suggested Goldman might be about to throw him under the bus.
Sparks was cool under pressure, but he may be perceived as evasive and showing no remorse. As other financial crisis hearings have shown, the public and the press are looking for that "I am sorry" moment. Sparks wasn't serving it.
Levin started out the hearing with a rambling line of questioning, but he got some good one liners when he had another crack at Sparks.
Sen. Pryor probably asked the most thoughtful questions of the four witnesses and he got the answers that will likely make headlines. Goldman execs felt they did nothing wrong.
Okay, Corkery – well, here's my take:Â I give the first set of hearings to Goldman on points.
Goldman : For me, Sparks was the star of the show – demonstrated both why he was the big boss at GS and why the firm will remain a formidable Wall Street force – even if he's no longer there. Birnbaum was strong also – although perhaps a bit too evasive and clever. Swenson was less forceful, more upfront – but also pretty good. Tourre held his own. Overall, the GS side showed unity and strength – they all wore white shirts – even if at times, they may have come across at being a bit cold and withdrawn. My guess is the GS lawyers and PR folks are pretty pleased
The Senators…..well, I think the best that can be said is that they performed to expectation – and mine are pretty low. They used the hearing to score political points and soundbites as opposed to getting answers to questions of real value. Levin was long-winded and messy. McCaskill was all over the place and way too emotional. Ensign was blustery and unprepared. Kauffman was solid but too professorial. Tester was out of his league, but basically admitted as much. I thought Pryor showed best – because he talked to the witnesses as people and not witnesses.
In sum – no big PR victory for the politicians. Goldman stock is up 2 bucks. The denouement of the SEC case should be interesting.
I agree with your choices, Corkery. The one thing I would say about Sparks is this. The public cares more about Tourre and Blankfein, especially. I would not be surprised if the comment about remorse is forgotten once Blankfein takes center-stage – if they ever get to him. Otherwise, I thought Sparks responded the best of all four to the grilling.
I know you guys are ready for your afternoon nap, but Levin is really getting at Tourre about what ACA and long investors knew. Tourre has stumbled here a little saying some of his emails were written hastily and "could have been more accurate." He also seemed to concede that he omitted Paulson's role in "suggesting" mortgages for the portfolio in discussions with people involved. He did say ACA was aware Paulson was going short on the deal. Levin can be a bore, but he pushed Tourre on this point and had him floundering.
OK. We're back. We couldn't stay away. Coburn is going at Birnbaum again. He's grilling him about whether he knew of a firm-wide change in position on the mortgage market.
Weidner, Levin also got Tourre to say that Paulson had a role in selecting the collateral in the Abacus deal. Previously, Goldman has maintained that Paulson only "suggested" the collateral, but ACA made the ultimate selection. Could be just semantics. But it will be a key issue if and when the SEC case goes to trial.
Levin (I think this is his fifth round of questions) is making points about Goldman's risk limits. I am not sure why this is relevant because Goldman never was seen as taking excessive risks that endangered the firm. Goldman was no Lehman.
Levin says there are conflicts of interest. It should be abundantly clear that when you are selling securities, your customers know you are betting against it. "It is intolerable."
The hearing is over, five hours 15 minuts after it started…..
10 minute recess. Goldman CFO David Viniar is up next.
The hearing has resumed. CFO David Viniar has taken the stand. Viniar is a pro, having spent years fielding questions from analysts. How will he match up against the likes of Sen. McCaskill, though?
Viniar says Goldman's winning bets on the mortgage market had nothing to do with luck or some prescient knowledge. More mundanely, it had to do with a discplined approach to risk management.
Viniar says Goldman's winning bets on the mortgage market had nothing to do with luck or some prescient knowledge. More mundanely, it had to do with a discplined approach to risk management.
Viniar says Goldman's winning bets on the mortgage market had nothing to do with luck or some prescient knowledge. More mundanely, it had to do with a discplined approach to risk management.
Viniar acknowledges that in 2007, Goldman Sachs was in a net short position, though it offset a significant long position.
Levin sends Viniar flipping through that massive exhibit book, looking for a graph of Goldman's short position in 2007. Has anyone ever considered it would take a lot less time (and save a few thousand trees) if they used electronic exhibits.
Short/net short, tomato/tomahto. Â Levin wants Viniar to admit that Goldman had a big short position on the housing market. Viniar keeps saying Goldman was not significantly net short the housing market. The point Viniar is making is that Goldman only had a large short position because it had a large long position.
Levin is trying to pin down Viniar to say Goldman had a big short on the mortgage market. But he keeps coming back to the fact that Goldman was using the shorts to offset its long exposure. Viniar keeps explaining its net mortgage revenue was only 1% of the firm's overall revenue.
It seems that Levin thinks it was wrong for Goldman to have hedged its long position by shorting the housing market. Would he preferred that Goldman run its business poorly and end up like Bear or Lehman?
Newmark, Have you noticed how polite Coburn and even Levin seem to be with Viniar compared to their grilling of the traders. Maybe Viniar comes off as more cooperative.
Well, it could be that the Senators are just tired by now – realizing that they're not going to get the big "gotcha" which is what politicians and most journalists are really interested in. And give Viniar some credit – he knows his stuff and he can play the role of the guy with the big picture. Plus he's a former accountant- just like Coburn…you see, deep down, we're all the same – that kind of thing.
Coburn is going after Viniar on the the AIG thing. How come you guys got all your money – when the government screwed all the GM bond and shareholders? This is the beauty of the AIG deal – Goldman didn't even have to negotiate it. Goldman was saved by the fact that AIG really was too big to fail.
So Corkery, it seems Viniar is in total control – confident, but not arrogant. Look at the deference Coburn and Kaufmann are giving him. The Goldman people are high-fiving back at HQ…as long as GS wasn't long Greek or Portugal bonds today.
Yeah, but if they are short those bonds. There will be another set of hearings.
Kauffman has been reading my column. Goldman is a "bona fide" hedge fund. But Viniar's claim that GS foray into trading is only the result of client relationships is right. It's just that those clients were hedge funds like Paulson & Co. Â who were at odds with traditional institutional investors.
True. But luckily for us – they'll be in Athens or Lisbon and we'll be spared the pain of having to listen to our politicians.
Repo 105? Boy, they love Viniar. Now he's advising them. Another Goldman client!
You see, that's how it works, Weidner.
The question is back: Was Goldman responsible for the financial crisis.  Viniar said Goldman shares responsibility.
There, he said it. Viniar apologizes for Goldman's role in the financial crisis, sort of. "I believe we share responsiblity because we are major player in the financial markets."
Sen. Ensign thanks him for taking responsiblity because the "first panel wouldn't do it."
Levin has just used Sh— for the 12th time
Levin just used it again and again. That is 14 times today.
Has any one used the word 'sh—' in a senate hearing as often as Levin has today?
Finally a gotcha moment. Levin asked Viniar how he felt that it was selling securities that its own employees were describing as sh–y.
Viniar: I think it is unfortunate that it was said in an email.
The hearing room burst out in laughter.
Viniar corrected himself and said it was unfortunate that it was said at all.
Coburn is back to the question about whether their is policy at Goldman not to use email for some subjects.
Coburn seems to be referring to use of the term "LDL" in a number of emails. Â According to the WSJ, the letters mean "Let's discuss live." And the phrase occurred when Goldman executives began to discuss sensitive issues in emails, the Journal reported. Goldman execs also criticize each other for putting information in emails.
Side note: the test vote in the Senate on financial regulatory reform failed for the second day. Not even the Goldman hearings could push it over the top. Wonder what that says about the hearings?
Coburn comes back to Fab Tourre. He asks Viniar whether he thought it was unethical to release Tourre's personal emails. Viniar says, no. Coburn asks why didn't Goldman release any other personal emails from other Goldman executives. Viniar says he didn't know why.
Coburn scores big on Viniar with the "Why did you release Tourre's personal emails" question. Even Viniar seems embarrassed by that. And then for Viniar to go back on the earlier email exchange…also embarrassing to Viniar….you've got to give points to the U.S. Senate on that. Viniar was strong early….seems to be getting sloppier.
Levin finishing with Viniar on the Goldman Sachs first business principle – "Our clients's interests always come first." This to me was the best argument the Senators had all day….why did they allow themselves to get lost in the complexity of the deals?  Levin should have been pounding on this all day if he really wanted to rattle GS.
Now it's Lloyd Blankfein's turn.
The question I have guys: How long before a reference to "God's work" is made?
Blankfein said we did not have massive short against housing and we certainly didn't bet against our clients.
Blankfein is reading his prepared remarks. He may be a great trader, but he could use some public-speaking lessons. Ironically, he is probably better than both Hank Paulson and Jon Corzine – the two previous Goldman CEOs were. At times, it was painful to watch Paulson.
Boy, Levin just won't give up on the S-word. His staff must be telling him that it will get him some good TV face-time.
Levin is back at with the "S—." The count is now 16.
Here's a question that Lloyd should ask Levin as Levin runs through the laundry list of bad Goldman deals:Â "Senator, why not let Goldman's clients decide if we are good or bad at our jobs. Isn't it presumptuous of you guys to decide what our clients should think?"
Our Deal Journal colleague Julie Steinberg and Twitter maestro points out this tweet from Sen. McCaskill.
"Just so Mom and Missourians know, my use of bad word in hearing today was only quoting Goldman's language in one of their internal emails." clairecmc.
Corkery, Uh-oh, Lloyd, the trader, wants to go ahead and explain to Levin that he doesn't understand market-making….we've been through this before. The reality is that Goldman depends on its customers. If Goldman's customers are unhappy, Goldman would be out of business. Lloyd should explain it super simple even if Levin is a fellow Harvard Law School grad.
You are right Newmark….Blankfein ran into problems that last time he testified before a hearing when he started lecturing about the definition of market maker. He came across as being detached and out of touch with public perception that what Wall Street does is unseemly. May not be advisable to repeat that seminar here.
I kind of admire Lloyd's stubborness to explain the way the market really works to Levin, but it's not the way a CEO should be talking…especially a CEO that's trying to win over public opinion….not prove that he is right. You can be 100% right and still be wrong.
I agree, Corkery. The problem is Blankfein cares about being right and misses the theater. And these Congressional hearings are as much about theater as anything else.
Blankfein is coming around. Clear answer on the question of whether it is right or wrong to sell "crap' securities. He says Goldman sells securties that it believes are weak all the time, but investors still want them. It is Goldman's duties to disclose what securities are in the deal.
Corkery, just to go back to the McCaskill tweet….that annoyed me – almost as much as her near-hysterical, unbalanced questioning from earlier in the day.
I have a feeling that Blankfein and Levin could have this theoretical argument about what it means to be a market maker all night.
Interesting point. Blankfein isn't the only Goldman CEO to miss the theater. Hank Paulson was widely criticism during the financial crisis for missing the theater.
Corkery, Grocer – I'm giving that round to Levin via TKO. Once Blankfein went into that market-making speech, he was stuck in the corner with his hands down. He was a bit like LaMotta v. Sugar Ray though….pounded hard, bloodied, but no knock-out….. Now, McCain….where did he come from? Geez, ever since McCain's little disappearing act on the TARP, I'm not too keen to listen to him comment on the financial crisis.
John McCain has finally decided to show. Corkery, does he just show up for the stars?
Gents, I'm going to pull a McCain here and show up in this live blog….
Welcome Berman, what's your take on Blankfein's performance so far. Seems like his argumentative, pedantic tone with Levin won't serve him well in the court of public opinioin.
Kaufman gets back to question about whether Goldman is still a client focus firm. This really gets to the evolution at Goldman to a trading house from an investment bank. Blankfein said that evolution was done reluctantly. Kaufman points out that it was also highly profitable.
Some good advice for Blankfein from a Deal Journal reader:
"Can anyone comment as to why the GS crew wouldn't use simple "main street" analogies to show how their business works? e.g. showing how real estate agents act as market makers by connecting buyers and sellers, use a simple agricultural analogy like the farmer is long corn, wants to limit his price risk, goes to a market maker who buys his corn and sells it short pocketing the spread as profit (thereby demonstrating Levin's central issue with taking the opposite side of a market making deal is nonsense) – I mean the one senator even admitted he's a farmer, what an opportunity!"
Kaufman asks whether proprietary trading creates a conflict of interest. Blankfein says it doesn't because it is a separate operations.
Blankfein: The best way to reduce your risk is to sell what you have.
Coburn, for the first time that I've heard today, acknowledges that Congress had a role to play in the financial crisis.
Blankfein admits that today's hearing raised issues and deals that he had never heard of previously.
Kaufman seems to get the big issue here. It's not so much that Goldman was shorting the housing market that bothers people. It's that Goldman created products that were designed to fail and sold them to its clients, he says.
Blankfein: The financial system would have been made safer if banks had more capital, but that comes with a cost.
Coburn has let Blankfein off the hook. Blankfein went from on the hot seat to advising Coburn on financial reform. Really, who needs lobbyist when you can have a Senate hearing.
On Goldman releasing the Tourre emails, Coburn says it sends a message that Tourre would be the whipping boy. Blankfein back on hot seat trying to respond.
McCaskill: Would more disclosure harm your business model?
Blankfein: I don't think so.
Blankfein glossary — Cats and dogs means miscellaneous.
As the hearing begins to wrap up we thought we would rate the Goldman witnesses and the Senate investigators. In the spirit of the hearings, we thought we rate them like a rating agnecy would rate a CDO:
Aaa — Fab Tourre — Likable, flawed, human. But he also was firm in defending his own actions.
Aa1 — Dan Sparks. Cool as ice, while also sticking up for his former Goldman employees. His only flaw was that he might come across as evasive and unfeeling.
Baa — Carl Levin. Started out a little shaky, but the Michigan Senator had Goldman CEO Blankfein on the ropes when he forced him to explain how he could justify shorting the same security that the firm was trying to sell.
Baa2 (one notch above junk status) – Sen. Coburn was meandering in some of his questionings, especially toward the end of the 8 hour marathon. But he get points for calling out Goldman for releasing Tourre's personal emails. The firm didn't do that for other employees, Coburn pointed out.
Ba1 (junk bond status) Josh Birnbaum: The former Goldman trader, once known as a mortgage market whiz kid, refused to show much remorse or humility about the financial crisis.
Ba2 Sen. McCaskill. Her shrill questioning and insults (she called the Goldman traders "lemmings" at one point) took away from her substantive point: how can she explain the rationale for Goldman's short trades to her consitituents who have lost their jobs amid the financial crisis.
Ca (highly speculative) — There were high expectations for Blankfein, but he ended up falling into the same trap he did a few months ago before the financial crisis inquiry commission. He tries to justify Goldman's action as merely that of a neutral market maker. It doesn't play — not when Goldman made billions off its shot bets fueled by its clients pain.
McCaskill starts to go after Blankfein:
McCaskill asks is there any market you won't create if a client came to you?
Blankfein answers that if someone came to us looking to hedge and it was legitimate…
McCaskill: Wasn't Paulson just looking to make money?
Goldman insult of the day: McCaskill says of Goldman's role in the Paulson CDO, that the firm wasn't being an honest  bookie. So not only has Goldman been acting like a bookie, a point McCaskill made earlier, but it wasn't even an honest bookie.
Blankfein is reiterating Goldman's defense to the charges related to the Paulson CDO. 1) The question is not whether there was a short in the Paulson CDO, because it was synthetic there had to be someone shorting it. If it wasn't Paulson, it would have been Goldman. 2) The question is how much influence Paulson had in selecting the securities. And to that point, Blankfein points out that ACA rejected a number of securities Paulson originally recommended.
Tester: Do you accept any responsibility for the financial crisis?
Blankfein: Yes.
Tester: Do you feel you owe anything to the taxpayers?
Blankfein: Yes, and for many other reasons
Blankfein: We were not waiting for the bailout. Weeks before we did a transaction with Buffett…And he would not have done that deal if he thought we would have failed.
Levin's turn for questioning, again, and he is turning it to AIG.
He is asking how much of government money flowed through AIG to Goldman Sachs.
The answer: $2.5 billion.
Now, Levin wants to know why Goldman got $2.5 billion of taxpayer money.
Blankfein's answer: The government didn't want AIG to default.
Well folks, nearly 10 hours after it began and that is a wrap. This may go down as the mother of all financial crisis hearings. Would you expect anything different for the mother of all Wall Street firms: Goldman Sachs.


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Press Releases
Monthly press releases about what's going on with Heifer projects and programs.
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Easter Giving Means Heifer International
LITTLE ROCK, Ark. (April 4, 2012) – Tucked in with the sweets in your Easter basket this year you may find a gift that won't bust your diet. A Heifer International gift, presented with an adorable, easy-to-print card, will bringFull Press Release
Food Solutions Offered at Screening of Documentary 'FRESH'
LITTLE ROCK, Ark. (April 2, 2012) All of us are interested in food especially tasty food! But how many people want to know more about where our food comes from and how it can be improved? Arkansans curious about how to find healthier,Full Press Release
Elizabeth Bintliff named VP of Heifer's Africa Program
LITTLE ROCK, Ark. (March 19, 2012)Heifer International announced today that Elizabeth Bintliff has been named Vice President of the organization's Africa Area Program. A native of Cameroon, Bintliff joined Heifer in 2000 as the regionalFull Press Release
Earth Day Comes To Heifer International Campus
LITTLE ROCK, Ark. (March 9, 2012) Our natural landscape in Arkansas does a lot for us; on one day in April, its time to return the favor. The Arkansas Earth Day Foundation will host the 2012 Earth Day Festival on Saturday, April 21, onFull Press Release
Spring Into Action with Heifer International
LITTLE ROCK, Ark. (March 12, 2012) - Heifer Internationals corps of Community Volunteer Coordinators will Spring into Action on Saturday, March 24, in the organizations first ever multi-venue volunteer recruiting andFull Press Release
Fire Destroys Heifer Uganda Country Office
LITTLE ROCK, Ark. (March 6, 2012) On Sunday, March 4, 2012, a fire destroyed Heifer International's Uganda country office in Kampala. Staff members are safe, but damage was severe and country program assets and materials were lost in the blaze. AnFull Press Release
Former Komen® executive joining Heifer InternationalLittle Rock, AR
LITTLE ROCK, Ark. (March 1, 2012) – Heifer International today announced Cindy Jones-Nyland, whose nonprofit experience includes a leadership role with Susan G. Komen For the Cure.Full Press Release
Heifer Village Hosts Design for a Cause Exhibit
LITTLE ROCK, Ark. (March 1, 2012) Heifer International's Murphy Keller Education Center (Heifer Village) in downtown Little Rock is pleased to display graphic design materials of four different Arkansas-based nonprofits in a new exhibit fromFull Press Release
Games for Change Co-President, Asi Burak to visit Heifer International and speak at Clinton School
LITTLE ROCK, Ark. (Feb. 24, 2012) Asi Burak, Co-President of Games for Change (G4C), will be keynote speaker at Heifer International's first of its kind, GAME ON summit on Monday, February 27 at Heifer Village. His focus will be "Games forFull Press Release
Heifer International Sheep Distribution Jump-Starts Senegal Project
Months-Long Animal Distribution Begins Under Large-scale USAID Grant Project LITTLE ROCK, Ark. (Feb. 15, 2012) A historic, months-long distribution of farm animals is now under way in Senegal, as Heifer International begins work on part of aFull Press Release


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Our site has a design spec whereby multiple products are displayed on a page. Each product includes a "Begin Live Chat" link. Your widget provides for inline HTML code after the site administrator enters a valid and authorized gmail account, i.e., "If you are unable to use widgets, use the following code to paste it as HTML in your theme source code." Allowing inline HTML is very helpful for our use case; well, almost.
The first instance works as expected. All following instances, however, do not respond to the click event. I'm guessing this is because your using #dialog_link ID (and not class) for binding the event? Or are you enforcing a single link per page limit?


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WASHINGTON (WJLA) - "The whole system don't work."
That's the sentiment of a frustrated cab driver who spoke Tuesday at a Teamsters Hall, where D.C. cab drivers voiced anger over changes they say are too fast and too expensive.
After turmoil over credit card readers, the issue now is the dome light drivers must have though many, if not most, do not, by Friday.
At installation garages, the workers are busy at it. And as for the taxicab commission, they say if the cabbies don't have dome lights, the cabs will be impounded.
Chairman of the D.C. Taxi Commission, Ron Linton, says they've had four months' notice. He also said he's received a letter from the teamsters"and proceeded to make an ultimatum for what to stop what we're doing or we'll get sued."
Teamsters local president, however, said the new requirements are too costly.
"There's no way the cab drivers can produce that kind of money and take care of their families and buy food to put on the table," he says.
So the cabdrivers, many if not most owner operators, are organizing with a labor union.


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I used to use this to post my del.icio.us links to my weblog once a day. There were a few things about it I would've liked to expand on - it gives the list of tags for each link and I couldn't get them to link to the tags etc.. I've looked at Veen's script to post to MT here.
Could anyone give me a hand with modifying Marc's script so that it provides the link to your tags for each of the links?


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