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International Speedway Corp. (NASDAQ:ISCA)
Q4 2010 Earnings Call
January 27, 2011; 09:00am ET
Lesa France Kennedy - Chief Executive Officer
John Saunders - President
Dan Houser - Senior Vice President & Chief Financial Officer
Charles Talbert - Director of Investor & Corporate Communications
Amit Chandra - Wells Fargo Securities
Thomas Andrews - BMO Capital Markets
Barry Lucas - Gabelli & Company
Good morning and welcome to the International Speedway Corporation 2010 fourth quarter and full year results conference call. During the presentation all participants will be in a listen-only mode. Afterwards you will be invited to participate in the question-and-answer session. (Operator Instructions)
I would now like to turn the conference over to Charles Talbert, Director of Investor and Corporate Communications for International Speedway. Mr. Talbert, please go ahead.
Charles Talbert
Thank you operator. Good morning everyone and welcome to the International Speedway's conference call. We are here to discuss the company's results for the fourth quarter ended November 30, 2010. With us on this mornings call are Lesa France Kennedy, Chief Executive Officer; John Saunders, President; and Dan Houser, Senior Vice-President and Chief Financial Officer.
After our formal remarks, a question-and-answer period will follow. The operator will instruct you on procedures at that time.
Before we start, I would like to address forward-looking statements that may be addressed on this call. Forward-looking statements involve risks, uncertainties and assumptions. Actual future performance, outcomes and results may differ materially from those expressed in these forward-looking statements. Please refer to the documents filed by International Speedway with the SEC, specifically the most recent reports on Form 10-K and 10-Q, which identify important risk factors which could cause actual results to differ from those contained in these forward-looking statements.
So with these formalities out of the way, I will turn the call over to Lesa Kennedy. Lesa.
Lesa France Kennedy
Good morning and thank you for participating on todays call everyone. Another terrific motor sport season ended our Homestead-Miami Speedway for the closest finish and a history to cage for the Sprint Cup Championship. We now have websites that are on 2011, with a premier endurance motor sports race, the Rolex 24 Daytona this week, followed by three weeks and the culminating in this 53rd running of the Daytona 500.
This is a historic moment for us. We are excited about the events at Daytona, with the $18,000 tax-repaving project complete. For more indications, the racing surfaces terrific and everyone is excited about the upcoming event and we expect another capacity crowd for the Daytona 500. The fans should be in for some amazing races.
While we hope for a stronger economic environment at this point, we do believe conditions are getting better, but most importantly the fundamentals of our business remain sound. As I discussed on the last call, we have moved forward on various strategic initiatives to ensure that ISC remains the leader in motor sports entertainment.
We have taken the necessary steps on the cost side of the business to provision the company for the long-term success.
Our sound financial policies maintain a strong balance sheet that provides a significant competitive advantage within our industry. Speaking of our industry, NASCAR just yesterday announced new changes to the sport. There were a number of compelling changes. I'm most excited about and I also believe our fans will be too with the new point system.
There will be one point per division. The winner gets 43 points and last place gets one point. While the point system has been simplified to the fans, NASCAR has kept the integrity of the systems. Another change of note relates to the change for the NASCAR Sprint Cup.
The top ten positions will get into the chase based on points. The 11th and 12th position will be based on wins, which is an added incentive to winning races. These changes as well as the previous modifications that NASCAR has implemented are based on fan feedback. This is always in reporting time of the year policy (ph) NASCAR mostly important, our fans and our sponsors.
So with that, I would like to thank all of you now and turn it over to John Saunders.
John Saunders
Thank you Lesa and good morning everyone. During the quarter we hosted seven NASCAR Sprint Cup series events, five nationwide series events and four Camping World Truck series events. The quarter-over-quarter comparison was impacted by certain factors, which are outlined in the earnings news release.
We are pleased that in light of the continued macro economic headwinds we still ended this year with solid results. Dan will provide a detailed review of our financial performance later in the call.
Going into the 2011 season, we are still seeing challenges in consumer spending, but remain encouraged by initial corporate spending trends in many areas. From a consumer standpoint, we believe that ticket pricing initiatives implemented last season are on target with demand, providing attractive price points for all income levels.
The only material change to our ticketing policy will be the availability of single day ticket options at Kansas and Chicago end. These facilities were only a seasoned ticketing model and this year based on customer feedback, we have uncoupled a substantial number of tickets, while still offering I might add selling a significant number of season ticket packages and these packages remain an important component of our admission.
The uncoupling of tickets at these facilities will allow for a broader universe of potential ticket buyers. However, it will have a near term financial ramification. But over the longer term we expect to see greater demand for these marked key events.
While ticket pricing will not be adjusted at our other facilities, we are focused on a number of initiatives to drive ticket sales. Specifically, we are focused on the overall guest experience to improve seating at our facilities, as well as new fan amenity such as improved track score boards.
Much like corporate sales we are actively prospecting for race fans. We can't stress enough the importance of getting guests through our gates. For the next generation we are focused on youth marketing and first timers to aggressive promotions, which include education on the sport with introductory and fan experience videos and webinars. We are also aggressively outbound prospecting on group sales.
All of this is being supported by increase levels of consumer research, leveraging technology with addition of such things as mobile websites and highly segmented online promotional campaigns. Advanced ticket sales for our Sprint Cup events remain in the range of approximately 5% and 6% off from last year in units and revenue respectively.
Also, our retention rate is roughly the same at the same level as last year in the low 50% tile range. We expect our customers will continue to make their purchasing decisions late in the buying cycle. Fortunately, we have the processes and technology in place to handle the increased informational and transactional volumes.
We believe pricing strategies and related consumer initiatives, coupled with facility enhancements through C upgrades and widening which were impact capacity levels are on target. Designed to stimulate removals and advance sales that will provide a path back to a more normalized advance ticket sales trend.
We have the largest portfolio sponsors in any motor sport promoter in the country and corporate support for our industry remains strong. Our partners continue to tell us that their investment in IFC has a positive ROI. Many current partners have committed incremental investments with IFC during the off-season. Interest levels from new partners is better than it was in 2009, but their budgets are not yet quite back to pre-recession levels.
Many new companies to this sport are looking to handover the smaller position in years past. For fiscal 2011 ISCA has agreements in place for approximately 76% of its gross marketing partnership revenue target, which is essentially where we were last year at this time, which is good news. For the 2010 season we sold our entire event entitlement inventory for our NASCAR Sprint Cup and nationwide series events.
For 2011 we have five entitlements either open or not announced for the 21 Sprint Cup event and four entitlements either open or not announced for the 16 nationwide events. At this time last year, we had four Sprint Cup entitlements opened and three nationwide entitlements opened. We have a strong track record of selling entitlements and are working aggressively to secure these entitlements for all of our 2011 Sprint Cup and nationwide entitlements at rates equal to last year.
Let me touch on the television ratings. Ratings for Sprint Cup were down approximately 11%. While not where we would like them to do be, there were a number of unique circumstances that contributed to that decline. Specifically NASCAR's first major event and typically the highest rated event, the Daytona 500 was delayed for a considerable amount of time. While there were more viewers of 14% gain over last year, the delay contributed to the decreased ratings.
After that, the Winter Olympics held in North America provided a significant amount of live viewing opportunities. The marquee event, the finals in the men's hockey game between United States and Canada aired directly competing with NASCAR's Las Vegas event. We also had to complete against World Cup Soccer last year. Due to both the Winter Olympics and the world cup being held once every four years, it was inevitably going to have an impact on viewers.
Lastly, while in the longer term we believe it will provide increased ratings, there was an impact of viewership with ABC Network moving the majority of its races to cable with ESPN.
To follow up on Lesa's comment regarding NASCAR's announcement yesterday, I too share their – her enthusiasm for these changes. One change that has the potential to positively impact TV ratings is NASCAR's decision to move certain Sprint Cup start times. Once the NFL begins its season, which coincides with the start of the chase, the Sunday races will start at 2:00 p.m., with the final three chases starting at 3:00 p.m. In addition to moving all of the start time of the NFL first games of the day, the NASCAR pre-race show will move from ESPN-II to ESPN, which will broadcasting our event.
We believe the strong finish in the chase for the Sprint Cup championship, the fan favorable initiatives NASCAR has implemented, the new track surface for the Daytona 500, realigned events and with network consistency having ESPN hosting the races next year, rating should show an improvement from last year.
Let's remember and a testament to its values, the NASCAR Sprint Cup continues to be the dominant number two sport on television among all key demographic groups, including males 18 to 34. The Sprint Cup was the number one or number two sport on television, 20 of the 36 at that weekends last year. From a network and particularly from cables perspective, since they generate subscriber fees, its NASCAR's ability to drive the second largest audience amongst sport properties; it's very attractive.
And on a personal and subjective note indicators such as ratings will take time, but today's racing is arguably some of the most exciting and competitive we've ever had and fans old and new will take notice. While the number of major NASCAR events affordably remains the same, there will be some notable differences to our event schedule year over year.
As previously stated, Kansas speedway has added a second Sprint Cup day in anticipation of our Hollywood casino opening in 2012. This, as well as realignment by speedway motor sports, certain other Sprint Cup event dates have changed. Specifically Phoenix International Raceway is now the second Sprint Cup day in the season and Chicagoland will host the first race in the chase for the Sprint Cup championship.
As we had noted on earlier calls, we decided not to host any IndyCar events in 2011 and this was done purely for business reasons. So on a comparability, year-over-year will be effected due to schedule changes. The earnings release provides a quarterly breakdown of these series schedules.
Subsequent to the fiscal year end we announced the termination of the agreement with KD Holdings for the sale of our Dayton Island's New York property. KB Holdings did not fulfill the terms of the second amendment to our agreement to close the transactions by November 30. As a result of the transaction terminating, we are discussing the sale of the Staten Island asset with several potential buyers and KB Marine remains a potential buyer.
On a parallel path we are actively working with the department of environmental conservation to secure approval to fill the site, which will allow the property to be appropriately developed, ideally for port related and logistics activities. We believe this site has potential to provide significant economic development and job creation to Staten Island, the city and the State of New York as a whole.
We are hopeful that the DEC recognizes the potential for the jobs and economic benefit and will provide the necessary permitting to allow the property to be appropriately developed. I don't have a time frame on this getting completed, but we will keep you posted.
And now I will turn the call over to Dan Houser.
Dan Houser
Thanks John. Good morning everyone and thanks for joining us today. Our fourth quarter results were impacted by the ongoing economic trends, which continued to drive the decrease in attendance-related as well as corporate partner revenues. Our fiscal fourth quarter 2010 comparability was also impacted by a number of other factors, including non-cash impairments of capital assets, charges related to the interest rate swap, settlements and amortization, operating results for our equity investments and the loss on the early redemption in Senior Notes.
Let's take a look at the income statement. Admissions revenue for the fourth quarter decreased to $43.7 million, primarily due to lower attendance drive largely by economic condition, as well as the lower rated average ticket price as a result of our value price and strategies. For the quarter and fiscal year, the weighted average ticket price for our Sprint Cup events decreased approximately 1.5% and 6.3% respectively.
The decrease in motor sports related revenue to $127.6 million was primarily driven by the previously mentioned economic conditions, resulting in lower sponsorship suite and hospitality revenues. Partially offsetting these decreases was an increase in television broadcast and ancillary rights.
For the quarter, ISC's domestic television broadcast and ancillary rights were $81.4 million, with $79.5 million associated with domestic broadcast contracts and $1.9 million of ancillary rights. The slight decrease in food, beverage and merchandise revenue, the $16.4 million, was primarily attributable to lower attendance, partially offset by sales at a major music festival conducted at Auto Club Speedway.
The decrease in prize and point fund monies and NASCAR sanction fees, the $49.9 million, was primarily attributable to a reduction in overall prize and point fess as compared to the same period in the prior year. These decreases were partially offset by an increase in the TV and ancillary rights, a portion of which are paid competitors as part of prize and point fund monies.
Motor sports related expense decreased to $37.5 million. The decrease was primarily attributable to lower promotional advertising and other race related expenses during the period, resulting from our focused cost containment initiatives. Food, beverage, and merchandise expense of $11.6 million was comparable to the fourth quarter of 2009.
General and administrative expense decreased to $25.8 million for the quarter. The decrease was primarily attributable again to our focused cost containment initiatives. The increase in depreciation and amortization expense to $18.8 million for the quarter was primarily attributable to ongoing capital spending for maintenance CapEx and other facility enhancements.
The $7.8 million non-cash impairment of long-lived assets is primarily attributable to the net book value of certain assets either removed from service as part of ongoing capital improvements, after which we determined they were no longer expected to benefit future operations.
The decrease in interest income was primarily due to lower interest rates on cash balance. Interest expense for the quarter decreased to approximately $3.4 million. The decreases related to the early payment of the 2014 notes through the tender offer and a lower outstanding balance on our credit facility as compared to the same period in the prior year. The earnings impact of the interest rate swap was $7.3 million. I will discuss this in more detail later in the call.
The $6.5 million loss on early redemption to debt is attributable to the partial redemption of senior notes maturing in 2014. Of note is that while we recorded a charge for early redemption, the transaction had a positive net present value. I have no detail on this too.
Equity and net loss from equity investments represents our 50% equity investment in Motor sports Authentic and Hollywood Casino at Kansas Speedway. The equity and net loss of $270,000 is our 50% portion of certain start-up costs for the Kansas Speedway Casino.
Our effective tax rate for this quarter was approximately 31%. Without certain state tax credits accrued in the fourth quarter of 2010, our effective tax today would have been approximately 39.4%.
Income from continuing operations for the three months ended November 30 was $15.2 million or $0.32 per diluted share, approximately $48.1 million shares outstanding. However, when you exclude the impairment of long-lived assets, recognition of the interest rate swap expense, the charge for early redemption to senior notes and equity and net loss from equity investments, we posted earnings to $0.59 per diluted share for the 2010 fiscal fourth quarter. As described in the release, this is compared to non-GAAP net income for the 2009 fiscal fourth quarter of $0.63 per diluted share.
Taking a look at the balance sheet, at November 30 our combined cash and cash equivalents totaled $84.3 million. Current deferred income was approximately $49.2 million and shareholder's equity was $1.2 billion. At the end of the quarter total debt was approximately $306 million, including $87 million in the senior notes, $64 million in chip funds associated with Kansas, $2 million in revenue bonds, $51 million for a loan to construct our headquarters building and $102 million in borrowings for our new three – on our new $300 million revolving credit facility.
In November we entered into a new five-year $300 million revolving credit facility. Pricing on the facility is based on a pricing grid ranging from LIBOR plus 150 to 225 basis points, depending on the better of our debt rating or the company's leverage ratio. Currently, interest accrues at a rate of LIBOR plus 175 basis points. On a comparable basis, the previous credit facility, negotiated in a dramatically different credit market ranged from LIBOR plus 30 basis points to 80 basis points, based on our highest debt rating.
As I mentioned, at fiscal year end we had $102 million in borrowings on our credit facility. The other half of the borrowings are related to the cash tender offer we completed in October for a 5.4% senior notes due 2014. Last week we announced the closing of $65 million or 4.63% senior unsecured notes due 2021 in a private placement.
The proceeds were used to pay down a portion of the balance on our credit facility. The balance that of the strategy is that we not only extended a significant portion of near term maturities, but also received favorable rates.
As it relates to our interest rates swap, in June 2008, in anticipation of refinancing the $150 million senior notes that were mature in April 2009, we entered into an internet rate swap on a notional amount of $130 million with the maturity of February 2009.
By fall 2008 financial crisis and a resulting credit market collapse let us term end the rhythm of swap and extend it to February 2011.
Since then we have monitored credit markets for attractive refinancing opportunities. Last year as the Federal Reserve Bank was against sending signals it would embark on a policy of quantitative easing to stimulate economic growth and as a result of our anticipated reduction of the debt issuance from $150 million to $65 million, we discontinued the cash this cash flow hedge and settled the related liability for approximately $39.0 million.
As a result of these transactions we recognized approximately $7.3 million and $23.9 million in expense in our consolidated statement of operations during the three months and full year ended November 30 respectively, attributable to the interest rates swap.
At November 30, 2010 we had a balance of approximately $6.6 million net of tax related to the interest rate swap remaining and accumulated other comprehensive loss on our consolidated balance sheet.
This balance along with other deferred financing fees incurred in connection with the $65 million of senior notes issued by private placement will be amortized in interest expense over the life of these notes, effectively increasing the yield on the notes from 4.63% to approximately 6.4%.
Our Hollywood Casino at Kansas Speedway joint venture is progressing as planned. We anticipated funding the initial phase of the development with a mix of equity contributions from each partner, as well as third party finance. We currently estimated our share of capitalized development cost for the project, excluding our initial contribution of a land will be approximately a $155 million.
At the end of the year we have contributed $43.4 million, which is included on our balance sheet as equity investments. In addition, we will continue to incur certain costs and related costs through the casino opening, a number of which will be expensed through equity and net loss from equity investments.
During the fourth quarter we had purchased 1,22,816 shares or our Class A stock for approximately $2.8 million, bringing the total number of shares purchased from December 2006 through November 2010 to approximately 5.2 million shares. At the end of the quarter we had approximately $29 million in remaining capacity on our $250 million authorization.
As our operating cash flows have stabilized and we believe our share price remains undervalue, based on current projections we anticipate seeking approval from our board to again buy shares consistently over the year possibly, up to an amount equal to the remaining capacity.
Returning capital through repurchasing shares and an annual dividend payment, which this year will be approximately $9 million is an important component of our long-term capital allocation strategy. If suppose our share price enhances the enterprise value and further positions ISC's future success.
As it relates to capital spending, for the three months ended November 30, 2010, we spent $31.2 million on capital expenditures, which includes $29.6 million for projects that are existing facilities. The remaining million spending is primarily related to finalizing construction on our head quarter's build, which was funded long-time restricted cash and investments.
In the 2010 fiscal year CapEx totaled approximately $105.9 million, which includes $85.7 million for projects at our existing facilities. The increase in the amount over what was projected for existing facilities last quarter was primarily due to timing of payments related to the repaving projects as they come. The remaining balance of approximately $22.2 million is related to our Headquarters building, which was funded from $9.1 million in long-term restricted cash and investments, the purchase of a land in Daytona and additional capitalized spending for the Staten Island property.
At November 30, we have approximately $55.9 million remaining in capital projects currently approved for existing facilities. These projects include the track repaving at Phoenix; grandstand seating enhancements; and improvement at Michigan and Watkins Glen; parking improvements at Daytona; infield enhancements at Talladega; installation of track lighting and track enhancements at Kansas; improvements at various facilities for expansion of parking, camping capacity and other uses, and a variety of other improvements and renovations to our facilities, all of which enable us to effectively compete with other sports venues consumer and corporate spending.
As a result of these currently approved projects and anticipated additional approvals in fiscal 2011, we expect their total fiscal 2011 capital expenditures at our existing facility with approximately $65 million to $75 million depending on the timing of certain projects. We review the capital expenditure program periodically and modify it as required to meet our current business needs.
As previously stated, from a capital expenditure standpoint, our first and foremost top priority will always be fan and competitor safety, as well as critical maintenance and regulatory complaints. A significant portion in our future capital expenditures at existing facilities will be allocated accordingly. While the focus on allocating capital to generate returns in excess of our cost of capital, these investments do not provide immediate directly traceful returns, but are required to maintain our facilities to be able to host our events.
In addition, as we compete for the consumer's discretionary dollar with other entertainment options, we must make enhancements to upgrade our facilities. We are confident that our focus on driving incremental earnings by improving the fan experience through initiatives such as improved seating will lead to increased ticket sales as well as pricing power involvement.
In terms of our 2011 financial outlook, as John mentioned our 2011-event schedule will have some notable differences from 2010. The earnings news release details the major events by series in the quarter. For 2011 we anticipate total revenues to range between $635 million and $650 million. The revenue we recognized from television and ancillary media rights for NASCAR's top three racing series, which is included in motor sports related revenue will increase approximately 3% to $278 million.
As a result of the reduction of $20 million in direct expenses in G&A, driven by our previously announced company wide initiative to reduce operating costs, we currently expect our full year EBITDA margin to range between 35% and 36% of total revenues and expect our full year operating margin for 2011 to be between 22% and 24% of total revenues. We expect our effective tax rate in 2011 to be approximately 38% to 39% for the full year.
Based on all the above assumptions, we expect 2011 full year non-GAAP earnings between $1.60 and $1.80 per diluted share, assuming we move forward with approximately $30 million in share repurchases. From the earnings perspective, the fourth quarter will be almost significant, followed by the first, third and second quarters.
Our 2011 guidance excludes any further loss on impairment, resulting from the removal of assets not fully depreciated; gain or loss on the sale of the Staten Island property and any unanticipated further impairment in that property and any income statement impact related to Kansas Casino development.
ISC remains a profitable and financially sound company. As the consumer begins to feel better about their financial situation, we anticipate seeing an increase in their spending on discretionary items. Through our ticket pricing initiatives and fan amenity improvements, we would expect to see gains for our top line revenues from the renewed spending. However in the interim, we have been proactive and addressing the cost side of our business. Based on these initiatives we expect improvement on our margins year-over-year. This is the first step in reversing the trend and declining bottom-line results.
In closing, we are always focused on strengthening our core business. Our priorities remain at a strong financial position to improve operating margins and to continue a disciplined profit allocation strategy.
With that I will turn it back over to the operator who will lead us through the Q&A procedures.
Question-and-Answer Session
Thank you. (Operator Instructions) Your first question comes from Tim Conder of Wells Fargo Securities.
Amit Chandra – Wells Fargo Securities
Hi, good morning all. This is Amit Chandra going in for Tim Conder with Wells Fargo. Can you fill us in on when you expect formal or hard negotiations to take place on your TV contract?
John Saunders
This is John. You have to remember here that we are 2011, this is the beginning of 2011 and this contract goes through 2014 and we are not hearing any desire from anybody to renegotiate anything before that and what we are hearing though here are that Fox has been a major player. TN 10XT, ESPN, all remain interest in NASCAR and so we are not (Inaudible) to any kind of negotiations that are contemplated before what would normally take place in preparation for the 2014.
I would add that its an exciting time I think for the industry, the way the we view it, because the whole value proposition of broadcast and the interactive right seems to be – it's not yet defined, but we feel like its improving.
So we think there's a pretty good environment out there going forward. We talked about ratings this year and nobody's happy about that, but it was a bit of a perfect storm if you will in terms of what we are up against in 2010. But we expect the process to go through as it is done in the past on a time basis. I don't know Dan if you want to add anything for that.
Dan Houser
Well, thanks John. I mean I think that there are a lot of anomalies last year that impacted ratings. Starting now with the Dayton 500 we actually have a significant increase in eyeballs, but lost the dealership numbers due to the unexpected issue with the red flag that lasted for a while.
This year we are starting on a new racing surface, so we think we got a great launch to the season. We've got – we don't have competition from Olympics and World Cup, which inevitably are going to draw some eyeballs on a sports viewing basis. And also anytime you move to cable, you are probably going to suffer some erosion in dealership, because there is less cable viewers than there are network viewers.
So all those things considered over a long run, we are ready for some positive news on ratings this year and as David Hill mentioned in his comments the other day, he is looking to see what happens here going for.
Amit Chandra – Wells Fargo Securities
Okay, great. I appreciate that. And as a follow up question, what are escalators typically running in sponsorship renewal contracts and what's the average length of the contracts being renewed?
John Saunders
We expect pricing year-over-year to maintain and I think in that statement, most of the environments, it's kind of flat as the new up. We certainly are seeing where we use to be looking at three or five years terms, we are still in the two to three. We very really like to – it has to be a unique situation where we want to do a one year deal, because we just don't feel that unless its an extension or something that a company can come in and really capitalize on a venture into the sport with a one year experience.
So that – because we've got a little more churning now and we've got comparable sales levels, our teams really happen to work really hard, but we have a highly motivated lien and mean aggressive sales team across the company, here at corporate as well in the field that are highly energized about the opportunities in 2011. Lots of discussions going on, lots of interest. We are still battling a headwind that corporate budgets are not back to the level that they were pre-recession.
Amit Chandra – Wells Fargo Securities
Okay, great. I appreciate your time gentlemen. Thank you.
John Saunders
Thank you.
Your next question comes from Thomas Andrews of BMO Capital Markets.
Thomas Andrews – BMO Capital Markets
Good morning everyone.
John Saunders
Good morning.
Thomas Andrews – BMO Capital Markets
A couple of questions if I may, are your costs at an appropriate level now for raise to your business or do you think that anymore can be eliminated?
John Saunders
I think at this point we are – you got to remember that we are not only talking about taken out $20 million this year, we have taken out $25 million that we have sustained since 2008. So that's approaching $50 million across all the business since the beginning of the recession.
We think that at this point the company needs to take some time to adjust to these reduced resource levels and I think that we feel that we are at of point where we are ready to appropriately position, to capture the headwinds. Once the wind changed on the economy we got the right structure to be able to capitalize on that. So I don't see us going further in that direction, unless there is a change in trends, macro economically much different than what seems to be the consensus out there today.
Thomas Andrews – BMO Capital Markets
Okay. Can you elaborate on Kansas City, timing of key events, what your initial feeling is on what the EBITDA contribution might be?
John Saunders
From the casino?
Thomas Andrews – BMO Capital Markets
John Saunders
The casino, first off all on the timing again we are tracking for opening in 2012 and what we've talked on previous calls is an estimate on EBITDA for the casino at the joint venture level to be approximately $50 million. So it's pretty significant. We are excite about projects on track, its on time, its on budget, it's early on that things are going well and we think it's going to be a significant creator generator of earnings and cash.
Thomas Andrews – BMO Capital Markets
Okay, and just one more if I may, can you provide any color on ABC's decision to move this Sprint Cup events to ESPN to the cable network? And what might make them move them back if anything?
John Saunders
I am sorry, ABC moving to ESPN?
Thomas Andrews – BMO Capital Markets
John Saunders
Yes, well the way we view that, obviously in the first year when you think about network like ABC, approximately 115 million homes and ESPN somewhere right around the 100 may be just slightly below. Right out of the gate year-over-year you've got 15 million less homes by going to the ESPN platform, but we think in the longer run the ESPN platform placed to our demographic is better than the ABC platform, particularly with the 18 to 34 demographic.
So we think that is going to ploy out better going forward and as we talked about our NASCAR announced last night, moving the freeway show form ESPN 2 to ESPN, which will then carry the subsequent broadcast in the chase season along with adjusting start times, so you are not up against the 1 O'clock NFL kick off times. It's just a better long-term strategy for us for the sport.
Thomas Andrews – BMO Capital Markets
Great. Thanks very much.
(Operator Instructions) Your next question comes from Barry Lucas of Gabelli & Company.
Barry Lucas – Gabelli & Company
Thank you and good morning.
John Saunders
Good morning.
Barry Lucas – Gabelli & Company
A couple of items. John may be we could talk about sponsorship, because I am not concerned, but would like to drill down. It looks whether we are talking about corporate sponsorship or entitlements, we are roughly at the same level that we were a year ago. So bookings are essentially flat. While the economy has improved, ad spending is up. We got the GM with its IPO in good shape Chrysler back. So I don't know how to put this any other way, but why aren't you doing better?
John Saunders
Well, I think I mentioned that from an entitlement standpoint I think we have one more cup entitlement open versus last year and one more nationwide entitlement opened last year, but I stress a lot of these things are in discussion and we have a lot of confidence that these entitlement inventories will get sold. We've done that historically when the environment was worse last year.
But sometimes the timing – but as you pointed out, we are on track with what our target was last year versus this year and again touched on the enthusiasm and the optimism that our marketing and sales folks have across the company. So sure, we would like to have it further along a year ago, but we are not really concerned about that this point and time.
Dan Houser
Yes, another thing is while the number of entitlements are – can service is a barometer of source. Cable minded depends on the churn. The entitlements are 25%, 30% of the overall corporate spend. So if you have more entitlements coming up this year than last year, you are going – its not out of question that you've got some more of those right now opened than you did a year ago.
It doesn't give us a high level concern. The ones that are opened for the most part are late in the season. We got – our teams are working hard and discussions on many, many options and we feel like we are holding around pretty well in that area.
Barry Lucas – Gabelli & Company
You sent that to the corporate side to sponsorship and what you are saying here?
Dan Houser
Well that's what I am speaking off.
Barry Lucas – Gabelli & Company
Okay, fine.
Dan Houser
Yes. What I am saying is that, a major amount of what we are selling are the official status areas. So you can have some – the entire amounts are significant pieces of inventory and their easy, things to talk about the number of that maybe sold or not, but it's not necessarily an overall broader of how that category is doing.
Barry Lucas – Gabelli & Company
And as long as you are growing down, $65 million to $75 million on in CapEx on existing properties, what's the residual in the headquarters building, which I assume is outside of that. And any thoughts on what those cost might be to finish the film in Staten Island?
Dan Houser
Well right now there is – we are not spending really anything on film in Staten Island. We've got holding cost going in there, you know property taxes and just you know some security on the property and things like that. And I think that part of the run rate on that is maybe $2 million, $3 million a year until the property is sold.
The office building is virtually done, I think we've got $1 million or so and restricted cash balance at November 30 left on that but it's basically done. Best area, maybe is sort of longer term and how effective either NASCAR or how much can you effect the change and bring those younger race fans into the sport over the next several years, and maybe even just extend that further, talk about opportunities to do other deals like Kansas or MA activity. That will, you know maybe has a chance to either move the need, improve asset utilization, something in the you know more two to three, four, five year time frame as opposed to what is going to happen maybe over the next year?
John Saunders
This is John. From a consumer's standpoint, we are on strategy and part of that strategy is very much targeting a younger demographic, getting younger fans into the sports. And we are greatly accelerating things like utilization social media platforms, and taking a look at understanding where the technology is going to craft strategies that really solidify to get experience in stadiums being better than in the living room, because we are interested in selling tickets and we think it's going to be very important going forward that we focused on leveraging this technology and its going to take a few years to resonate to your point.
And as well as, I mentioned first timers; what our research is showing is that first time attendees to NASCAR events are perhaps a little bit intimidating and we need to – they are big events, they have a lot of traffic, a lot of parking, a lot of logistics about them and as we look to bring in new fans we've got to be much more sensitive that they are not as well schooled or educated as how you move around the property and where things are, and how you understand the events and what's happening on the race track.
So, there are numbers of initiatives there that I could talk all day about, but I will tell you that some of things we have put in place already are resonating well. We feel really good about the Daytona 500 targets.
In fact since the beginning of the year, our tickets sales are up 30% over the same period of time last year and if you recall last year it was up dramatically. So that's spike in the sales process continues to grow. So there is a litany of things on the consumer side that we believe are going to move the needle to your point. But they are going to take a little bit of time, but primarily it's going to be in a younger, newer fan base coming into this sport but not leaving the core values that they keep those core fans involved and I think we are all very, very sensitive to that.
So, we are felling pretty good about where this can take us in the future. It's very focused and we are building momentum, and as I said its part of our strategy and we are executing against it.
Dan Houser
And, Barry just to your longer terms of strategic question. I think that the first thing to that is what we have done over the second half of 2010 to give us some runway on a capital structure is really the first big stop, and making it – continuing to have the company have plenty access to drive powder for opportunities that will build share holder value. We've got a big one going on in Kansas.
This is a big project and it's really from our view point the equivalent of building a new track and its going to drive the returns that building a track you know with a fresh date from NASCAR works. So this is a big deal from our perspective that we've got going on right now.
In the longer run as we've said before, our strategy is not – isn't that we have a gaming strategy per say right now. We still focus on where we have opportunities for ancillary development around our facilities and partnering with the right strategic partners there. You know certainly I think those opportunities they will increase as the economy gradually improves and are interested in strategic acquisitions in the sport, but they've got to be at a multiple, at a price that is good for our for us and our share holders.
(Operator Instructions) There are no other audio questions at this time.
Charles Talbert
Well, thank you operator and thank you everybody for joining us on the call. Once again, we're enthused, we're focused and we are looking forward to the Daytona 500. We got cost out of the business, which is improving margins and as Dan talked about, our capital allocation strategy, including the balance sheet are in great shapes. So thank you and we look forward to talking to you on the first quarter call and see you at the Daytona 500. Thank you.
Thank you. That concludes today's conference call. You may now disconnect.
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text:
Mere Image
Least of These$11.99Add Your ReviewFrom Least of These comes Mere Image, an exciting, heart lifting sound which displays the typically aggressive style they carry and a passion which resonates throughout the album. The first single, "Temple Bodies," ignites the flame for what is to come with intricate gui... Learn More
Knives to the Future
Project 86$11.99Add Your ReviewProject 86 is set to release their ninth full length album titled, Knives To The Future. This album contains 15 tracks including their new hard hitting single "Spirit Of Shiloh" and is also dedicated to the band's loyal fan base known as Team Black. Track List Spir... Learn More
Love Prevails
Abandon$13.99Add Your ReviewLove Prevails is an album which sees a brand new band with a refreshing response to a season of challenging evolution. It is the soundtrack to a triumph; an amalgamation of sweeping electro flourishes, Stevan's anthemic guitar hooks and Justin's soaring melodies. The album r... Learn More
What Was Done, Volume 1: A Decade Revisited
The Classic Crime$12.99Add Your ReviewWhat Was Done, Volume 1: A Decade Revisited is The Classic Crime's first installment of acoustic and rearranged versions of their most popular songs. Track List All the Memories (Revisited) You and Me Both (Revisited) Salt in the Snow (Revisited) We All Look Else... Learn More
20th Century Masters - The Millennium Collection: The Best Of Norma Jean
Norma Jean$5.00Add Your ReviewNorma Jean is a Christian alternative metal/metalcore band with an enthusiastic following in the alt-metal underground, where they appeal to both Christian and non-Christian headbangers. Track List: 01. Memphis Will Be Laid To Waste 02. Songs Sound Much Sadder ... Learn More
Supreme Chaos
War Of Ages$11.99Add Your ReviewWar of Ages' sixth full length album Supreme Chaos builds on the bands extensive catalog (with combined sales over 100,000 albums) and non-stop touring in the US and overseas. Supreme Chaos sees the band joined by guitarist Jack Daniels (Hope For The Dying) which has brough... Learn More
20th Century Masters - The Millennium Collection: The Best Of Emery
Emery$5.00Add Your ReviewFor Emery, with over 460,000 records sold, years of hard work, touring and writing have led to thousands of devoted fans worldwide and numerous songs to fall in love with. Track List: 01. Studying Politics 02. Butcher's Mouth 03. So Cold I Could See My Breat... Learn More
Icon - O.C. Supertones
The Supertones$7.99Add Your ReviewA Christian ska band hailing from Orange County, CA, The O.C. Supertones are one of the most treasured gems in Christian rock. They have sold over 1 million copies lifetime, established themselves as one of the best live bands in the Christian market, broke a genre of music ... Learn More
Rivers in the Wasteland
needtobreathe,$13.99Add Your ReviewNEEDTOBREATHE effortlessly weaves together the musical traditions and faith of their upbringing in the Deep South to create music that uplifts and inspires. With Rivers in the Wasteland, NEEDTOBREATHE returns to their roots of anthemic rock and musical simplicity. The album... Learn More
Demon Hunter$12.99Produced by guitarist Jeremiah Scott and Aaron Sprinkle and mixed by Zeuss, Demon Hunter's Extremist picks up where 2012's True Defiance left off, with the ferociously heavy riffs and soaring melodies that made Demon Hunter known around the world. Learn More
Need help ordering? Ask a question and we'll get back to you. Or call 1-888-319-0319

subset: commoncrawl


text:
The Penn State Nittany Lions had a pathetic showing against the Temple Owls on a national stage.
They showed the entire nation weaknesses, five in particular, that they need serious improvement on.
These five areas need to be addressed ASAP.
Joe Paterno may not be able to see these issues from the booth, but everyone else can.
Here are the five weaknesses the Nittany Lions should work on if they want to beat Eastern Michigan or any other school.


text:
About Me
My name is Kleopatra Chatziprimou and I am a PhD student in the Department of Informatics in King's College London participating in FP7 Initial Training Network (ITN) RELATE , that is a European effort to promote the advancement of the state-of-the-art in the related areas of model-driven development of cloud applications, formal methods, service-based mash-ups, security and performance of cloud applications, as well as quality management and business model innovation.
I am working with Dr. Kevin Lano and Dr. Steffen Zschaler and my research focus is in the areas of Cloud Computing, Machine Learning and Multi-objective Evolutionary Optimisation.
Before coming to London, I lived in Greece, where I received my Diploma and M.Sc from the Computer Engineering and Informatics Department of the University of Patras in 2008 and 2010 respectively.


text:
4 posts tagged with girl and fiction.
Displaying 1 through 4 of 4. Subscribe:
Remind me what it's like to be 15!
Help me find some quality books that would be easy reads for my 15-year old female cousin. [more inside]
A dilemna about prisoners
In fiction, an adolescent girl is imprisoned, and can only communicate with a mysterious fellow prisoner she's never met. They can only communicate in code, a plausible code that teaches the girl how to encode information into her world's predominant technology. [more inside]
Fiction book about generational suicides?
Looking for the title of a book that I read in the mid 90's. It is a "fanciful" fictional book about a family (generations of family) end up committing suicide in very strange ways. [more inside]
Help me find this children's book about a girl and her hamster
Help me find a half-remembered children's book about a little girl and her pet, and what they say when they get the chance to speak one sentence to each other. [more inside]
Page: 1


text:
The Super Bowl hangover is a very real threat, and the defending champion Baltimore Ravens have a lot of questions to answer to prove it won't happen to them.
Training camp is our first opportunity to see the Ravens try to answer the burning questions facing this roster. Let's take a look at just what those questions are.


text:
The main objective of the article is to present how to synchronize the data in the pocket pc database and main database using Pocket PC Emulator and Web Service in Dot Net.
The program mainly gives the basic framework which is needed to sync the two systems,the user needs to build the necessary user interface and other classes as per his/her requirements.
The following are the basic things to be done to make the program running:
C# Corner. All contents are copyright of their authors.


text:
Baseball Scattered Dots - Tan
More from Baseball Elements Kit
Designed By
About Me
Hi, I'm Brooke Gazarek from Ohio, USA. I'm a graphic designer and I've also done some digital scrapbook designs here at Pixel Scrapper. I use multiple types of medium, to create fun and exciting results.
I am also wife to a wonderful, loving, and supportive husband and mom to two energetic boys.
halftone, scatter, dots, embellishment, shape, element
File Info
- png image, 644kb
- 2812 x 2479 pixels
- 9.37 x 8.26 inches
- Uploaded Mon, 11/26/2012 - 18:24
- 239 Views
- 34 Downloads
- 1 Comment
- 2 People heart this


text:
Lima - Panel Coffee Table In Walnut
Description - Dimensions - Features
The Lima collection will bring a touch of traditional charm to your home. Available in a sleek walnut finish or cosy weathered oak. Available in a selection of dining and living furniture, including dining chairs which are available in fabric or bonded leather.
This item is usually available from stock
Width: 116cm
Depth: 60cm
Height: 45cm
All screens vary in colour reproduction and whilst every effort has been made to display the colour as accurately as possible it is for guidance only.
Item Number: 9000219139
Availability: This item is available to order
Lead Time: Approx 10 weeks
Delivery Charges: Click here for details
Delivery Options:
- Fishpools Home Delivery
- FREE Collect In Store
£269.00 was £359.00


text:
Spicy Chipotle Rub and fresh corn give this Tex-Mex finger food an authentic flair.
Preheat oven to 450°F. Remove corn kernels from cobs using Kernel Cutter. Finely dice bell pepper using Santoku Knife. Chop cilantro using Food Chopper, if desired; set aside. Place ground beef, rub and salt in (10-in.) Sauté Pan. Cook over medium-high heat 5-7 minutes or until beef is no longer pink, breaking beef into crumbles using Mix 'N Chop. Add corn and bell pepper; cook an additional 1-2 minutes or until vegetables are crisp-tender. Remove from heat; drain, if necessary. Stir cheese and cilantro into meat mixture using Small Mix 'N Scraper®. Transfer meat mixture to Classic Batter Bowl.
Spoon meat mixture down centers of tortillas, dividing evenly. Fold in ends of tortillas and roll up tightly. Place roll-ups on Medium Sheet Pan; spray with vegetable oil using Kitchen Spritzer. Bake 10-12 minutes or until roll-ups are lightly browned and crisp.
Remove sheet pan from oven to Stackable Cooling Rack. Cut each roll-up on a bias into four slices and serve with guacamole or Avocado Dipping Sauce.
U.S. Nutrients per serving: Calories 280, Total Fat 13 g, Saturated Fat 5 g, Cholesterol 30 mg, Carbohydrate 26 g, Protein 13 g, Sodium 640 mg, Fiber 3
Avocado Dipping Sauce: Peel 1 ripe avocado using Avocado Peeler; place in Small Batter Bowl. Mash avocado using Mix 'N Masher. Add 1/2 cup sour cream, 1 tsp lime juice, 1/4 tsp salt and dash of hot pepper sauce; mix well.
If desired, ground turkey can be substituted for the ground beef.
To make tortillas easier to work with, place them on a microwave-safe plate. Microwave on HIGH 5-10 seconds or until they're slightly warm.
Any flavor of flour tortillas, such as sun-dried tomato, can be used in this recipe. For a fun presentation, use a variety of different flavors.
There was an error loading the Component. Please try again later.
You will not be connected to a party or Consultant.
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text:
collective bargaining
Alberta's education minister set to introduce new bill on collective bargaining for teachersThe Alberta government is set to introduce a new bill to set up a provincewide negotiation framework for teachers.
"Why would you not want that?" Mike Reilly on the CFL not taking on sideline ...As players across the CFL absorbed the ins and outs of their proposed agreement on a new collective bargaining agreement on Sunday, Mike Reilly was thinking about last season.
Reports suggest CFL and CFLPA have a tentative deal on CBAIt's looking like the CFL will start its season on time. Reports out of Toronto are that the CFL and its Players Association have found a common ground in their ...
CFL releases fact and fiction email over labour disputeThe Canadian Football League had stayed silent for the last few months in their negotiations with the CFLPA toward a new CBA.
CFLPA wants consequences for Hervey's commentsSix days later, the discussion of Ed Hervey's press conference isn't simmering down. The Edmonton Eskimos' general manager took his team to task last Tuesday, putting all of his coaches ...
Cult of Hockey
The deal to end the NHL lockout makes the rich richer, plants the seeds for ...Between 2003-04 and 2011-12, the payrolls of the five richest NHL teams decreased by 7.5 percent. The payrolls of the five poorest clubs nearly doubled.
Cult of Hockey
NHL Lockout: Gary Bettman is supposedly prepared to cancel the NHL season within the weekUnder the cover of anonymity, a "veteran member of the NHL's board of governors" made a surprising assertion: that NHL commissioner Gary Bettman could cancel the 2012-13 season as early ...
Cult of Hockey
NHL Lockout: Will the league's latest offer lead to a breakthrough, or the NHLPA walking ...The most interesting deadline in the current negotiations to end the lockout is not the mid-January date that currently appears to be the NHL's zero hour for the 2012-13 season.
Cult of Hockey
NHL Lockout: NHL's class action complaint almost identical to NBA's, but the differences are illuminatingIt has been said that the current NHL lockout not only includes many of the same actors as last year's NBA labour dispute, but that it is in fact running ...
Cult of Hockey
NHL Lockout: When it makes sense not to make a dealThe gap between the NHL and the NHLPA has diminished to the point that it's almost unbelievable that a deal between the two sides hasn't been reached yet.


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In fall 2012, Sage launched the Achieve Degree program, an online degree designed for students on the autism spectrum or with other special needs, who generally work from home or their local library.
In today's competitive higher education market, colleges and universities must prove the value of the degrees they bestow to graduates each year. Traditional measures, such as graduation rates, grade point averages, and cohort default rates, have become only a few of the ways colleges and universities are evaluated. Students and their parents want to be assured that their investment in a college education will pay off in the form of a self-sustaining and financially-secure career path.
Does autism run in families? Can children with autism grow up to live independently? These questions were part of a survey that tested University of California, Riverside faculty and students' knowledge of autism spectrum disorder to help guide the support of these students through their college years. More than 1,000 people were quizzed on the prevalence, causes and signs of ASD in the largest known higher ed autism awareness survey.
With so many students depending on community college as their best—and sometimes only—option for higher education, it's time for community colleges to get their fair share of education funds. While these schools enroll 53 percent of all undergraduate students at public institutions, they receive only about 25 percent of the federal funding available.
Delivering student services as important as tutoring, disability assistance, and advising is especially vital at LDS Business College, an open-enrollment school whose student body often faces hardships.
Yet the offices and departments that delivered those services were located all across campus, making it difficult to ensure that students made it to where they needed to go when they had multiple issues to be addressed.
Not so long ago, students at LDS Business College in Salt Lake City whose semester grade-point averages fell below a certain level were placed on academic probation. But it did very little to get them the help they needed.
Most college students have a need for academic or financial aid counseling at some point during their college career, whether to get help with course selection or to sort through GI Bill paperwork. Any of the 600 students at Wayland Baptist University's Phoenix campus in need of this help used to have to spend a fair amount of time just setting up such a meeting.
Because today's bachelor's degree no longer conveys sufficient information about the skills graduating seniors possess, there is a market failure that affects employers, students, and colleges. Too many deserving students do not get an interview with potential employers because employers don't have the appropriate data to find the prospects they need.
Community colleges have a long tradition of articulation agreements with four-year institutions, ensuring that those who begin at a two-year school can seamlessly transfer. As the college trajectory becomes less standard—even for students with bachelor-sized goals who begin at the community college level—institutional leaders are creating or adding the reverse transfer option to articulation agreements.
As more higher ed institutions develop reverse-transfer agreements, these partnerships "offer great opportunities for the institutions to share data" for mutual benefits, says Dennis Day, vice president for student success and engagement at Johnson County Community College in Kansas.
Here are two ways such collaborative information sharing can benefit both two-year and four-year institutions, as well as students:
Like most state universities in Michigan, the University of Michigan-Dearborn has entered into several reverse-transfer agreements with community colleges in recent years. In determining whether to activate the reverse-transfer process for a particular student, UM-Dearborn examines several criteria, says Ken Kettenbeil, vice chancellor for external relations. Here's his checklist of items to consider:
Despite jarring news headlines depicting students with six-figure debt levels, the average student borrower's debt burden is not necessarily devastating.
Among graduates in 2011 who borrowed to pay for higher education, the average loan debt at graduation was $26,600, according to the Project on Student Debt. Only 1.5 percent of borrowers owed $100,000 or more in 2007-2008, according to an analysis by Mark Kantrowitz, publisher of Edvisors Network.
When your students graduate, they're entering a whole new world of job descriptions, resumes, cover letters, networking contacts, interviews, industry jargon, and career fairs. The whole process can be overwhelming.
What's more: Few university career service centers prep their students for the most important aspect of today's job search—all things digital.
Being a financial aid administrator is an accident waiting to happen these days. The soaring costs for college have produced a soaring amount of applications for assistance, creating a constant stream of traffic at the Financial Aid Office. There are times when it resembles an all-day rush hour, with students and parents in a hurry to get in and get out with some part of the gold they're convinced is hidden there.
A spooky cloud of crimson smoke dramatizes the dread of overwhelming student debt in "The Red," a short movie thriller created for SALT, the American Student Assistance financial literacy program for students and alumni.
Less dramatic but noteworthy still, college students logging onto the National Endowment for Financial Education's CashCourse can take a "Financial Realities" quiz to test their knowledge. In the opening question, they're asked what will have the worst impact on their finances: gourmet coffee drinks, borrowing money, or spending without a plan.


text:
There are people here on Gamedev that have been active for a very long time. I sometimes wish I could ask, or get reasonable data on, exactly how many posts have been put up in the "For Beginners" forum from people who want to make the next great MMORPG. Each one has a million and two big huge industry changing ideas and will not be deterred. They take...
PlethoraMember Since 21 Aug 2006
Offline Last Active Jun 19 2014 12:30 PM
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Not Telling
687 Prototype


text:
Loudspeaker was a three year project for women based at Nottingham Contemporary, facilitated in partnership with the charity Changing Lives and funded by the Esmée Fairbairn Foundation.
Loudspeaker has now completed its final phase. As part of the legacy of the project, a free conference took place on Friday 27th November 2015, which explored how the arts and voluntary sector can continue to work together to amplify women's voices in Nottingham.
You can find out more about the conference and hear about the experiences of women who took part in the project by visiting the Loudspeaker blog here: https://loudspeakerblog.wordpress.com/
A short film made by local film maker Ben Harriot and our Associate Artists Gillian Brent and Jo Dacombe in conjunction with women from the Loudspeaker project can be watched here:
On Thursday 26th October at 6.30pm, The Loudspeaker Conference was proceeded by the short film 'Terms of Love' and the documentary '1 in 4', which both explore the often hidden world of domestic violence. For more information, please click here:
Loudspeaker was split into the various strands (some of which are outlined below) which overlapped to create a network of opportunities for local women.
Artist led workshops – Ten week blocks of workshops introduce women to contemporary art giving them the opportunity to engage with international exhibitions. Guided by our Associate Artists, Gillian Brent and Jo Dacombe, the group discuss themes and ideas within the artworks before formulating their own opinions and creative responses.
Mentoring opportunities – After participating in the artist-led workshops women were invited to return and volunteer as mentors, supporting other women and developing their own skills and work experience.
Accreditation – Alongside the workshops, the women were also able to achieve an OCN Level 1 qualification in Personal Identity and Self Esteem through documenting their journeys and personal development in sketchbooks.
Events – At the end of every block of workshops the women hosted their own celebration events where they were able to share the outcomes of the project with their family, friends and peers.
Public awareness strand – Towards the end of the first year of the project, guest artist Polly Brannan worked with the women to create a piece of art called 'Letters to the City', which was publically disseminated and gave voice to their concerns within the wider community. Find out more about the Letters project: http://letterstothecity.com/
Schools – In the second and third years of the project the women were given the opportunity to work with a Schools Advisory Group to develop a resource that will feed into Nottingham's local school framework and emphasise the importance of social awareness and raising aspirations in Nottingham's future generations.
Overall, this complex and innovative project offered women the opportunity to use contemporary art as a vehicle for personal and social change.


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Stop Playing Tag: Publish Your Google Calendar Now
You can save a lot of back-and-forth making appointments if you publish your calendar to the Web. It's not hard.
I've been publishing my calendar to the Internet for a couple of months. It really paid off yesterday, when I had to set up five interviews for an article.
In the past, there would have been lots of back and forth in e-mail. "Is this time good for you?" "No, I'm sorry, how about this time?"
Instead, I just pointed the interview subjects to my public calendar, and I had nine appointments set up within an hour.
Holy mackerel, that is one powerful tool!
I started publishing my calendar in December, when I saw a friend doing it and thought it looked potentially useful. At first I was worried that I'd be giving away too much of my privacy. But the calendar can be set to show only busy and free time, without revealing details of what you're busy doing. It doesn't hurt me for you to know when I'm busy, and the payoff is big in saved time.
Paul Gillin, a social media consultant and former editor-in-chief of this publication, is the guy who gave me this idea. "People tell me all the time that they love being able to see my calendar," he said. "I'm surprised more people don't do it, because Google makes it so easy."
He added, "Having a public calendar had forced me to be more disciplined about how I schedule things. For example, if I'm driving into town for appointment, I'll add a half-hour on the front and back ends to compensate for travel.... You learn pretty quickly how to make your availability clear when people start scheduling appointments with you for times that you're unavailable."
I do have to be careful with making sure "busy" time is marked accurately. Often, I'll put information on the calendar without having an appointment -- like the dates of a conference I haven't decided whether to attend. In those cases, I don't want people to think the time is busy.
Paul uses Google as his primary calendar. I use BusyCal for the Mac. But BusyCal automatically synchs with Google Calendar, it's one of the reasons I chose it. You can also synch with Google using the standard iCal software that comes with the Mac. Here are Instructions for synching Google Calendar with Mac iCal.
Also, Google has instructions for synching Outlook to Google Calendar.
Here's how to share your calendar:
First, go to your Google Calendar. Go to the "My calendars" column on the left side of the page. Look for the calendar you want to publish, and select the downward-pointing arrow next to it. Then click "share this calendar."
Check "Share this calendar with others" and "Make this calendar public."
Choose either "See only free/busy (hide details)" or "See all event details." You'll probably want to choose "See only free/busy." The Internet doesn't need to know you're at the dentist, it just needs to know you're not available at that time.
Then select the "Calendar Details" tab, and scroll down to "Embed this Calendar." Grab the code to embed in the Web page of your choice. You can customize the size, color, and other options, either by manually editing the code or using Google's graphical tool.
After that, just embed the code in your Web page of choice, and you're good to go.
Alternately, you can just share the URL for the Google Calendar page. But that is one wicked long URL, occupying multiple lines of e-mail. You're best off shortening it with a link-shortening tool, like bit.ly.
And now you're all set. Start sharing the URL for your calendar and save time.


text:
Xbox One
A kotaku article seemingly addressed to the xbone defense force
FC: 4227 - 1514- 7752 IGN:Mara PSN: JudasInHell Gamertag: Crystyn 7B
Written by Surface Pro 2 256GB
coltsfan4ever31 posted...
Funny how fanboys love to bash Sony about their finances but they give MS a pass for inferior hardware and features.
Wait what, that doesn't make sense.
FC: 4227 - 1514- 7752 IGN:Mara PSN: JudasInHell Gamertag: Crystyn 7B
Written by Surface Pro 2 256GB
richboy900 3 years ago#33
While the xbox one has great games and as an xbox fan i still wouldn't buy xb1 until price drop. Its too weak and u don't see how people can defend a next gen system with lack of power resulting in 720p or 30fps for many games.
WaywardBiscuit posted...
cheezedadada posted...Its an opinion piece. I don't happen to agree.
Because that article is fact you clown. Its not just one article, I could post a couple more, dont be butthurt because of how your community acts.
This is why I'm never going to get a ps4
suicide machine 3 years ago#35
weird... so I went to the article to check it out. at each comparison, from just looking at the pictures before seeing which pic was which system, I actually ended up picking the xb1 shots as the better looking ones.
GamerTag: M Slender | Battlelog ID: Tooningspork | PSN: mslender
Xbox One clips at https://www.youtube.com/soulcoffin
suicide machine posted...
weird... so I went to the article to check it out. at each comparison, from just looking at the pictures before seeing which pic was which system, I actually ended up picking the xb1 shots as the better looking ones.
I didn't see much of a difference in ACIV and remember it being brighter when playing but the others looked better on PS4 immho especially the CoD one, not that it matters nor that I particularly care
FC: 4227 - 1514- 7752 IGN:Mara PSN: JudasInHell Gamertag: Crystyn 7B
Written by Surface Pro 2 256GB
I like the article. The point of it is that if there are differences, they should be highlighted and discussed. Some players won't notice but, some will, to deny or ignore these differences is doing a disservice to the reader.
Of all the games I have played, I couldn't tell you which were 30fps, which were 60fps (if any were) or which fluctuated in between the two... I'm sure a side by side would produce differences, but as long as it is not a juddery mess, who cares?
Does this mean everyone doesn't notice? No. Does this mean gaming sites should ignore it? No. Will reporting it lead to mass trolling? Yes, of course.
I don't think the Xbox fans here hating on the article are helping themselves.
GT - Tyfighta23 PSN - N/A
freesith posted...
WaywardBiscuit posted...cheezedadada posted...
Yes www.gamefaqs.com
Posted with GameRaven 1.1.1
scoobydoobydont 3 years ago#39
nableet posted...
Does this mean gaming sites should ignore it? No.
I disagree. If album reviews regularly made note of the difference between vinyl and digital it would be obnoxious as it is pointless. It's no less obnoxious here. Hipster *-philes who care about these types of minor differences don't deserve pandering to, it ONLY serves to cause drama and confusion amongst the other 99%.
''ALL games should at least have single player. I can always guarantee I want to play when I turn on my system. I can't guarantee others will.'' -aszsith
As a gamer, all I can do is laugh at the overreaction by fanboys to things like 720p, 1080p, 60fps, and 30fps. As much as I'd love to have every game run at 120fps at ultra high resolution, how much does it really matter when it comes to the enjoyment of my hobby? Many of my favorite games the past several generations have run at less than 30fps. I can spend hours playing a game on my iphone or 3DS that has laughable graphics compared to what the PS4, Xbox One, or PC can do.
I've been playing amazing games for 30 years that weren't 1080p and 60fps, but all of the sudden I'm supposed to care about the difference between 60fps and 30fps? All I look for in a game is a solid entertaining experience that pulls me in and brings me back for more. I can't recall ever having my fun ruined because a game ran at 30fps. Yet, by reading the posts on this board, you would think that framerate and resolution were the deciding factor of whether or not a game is good. The sad part is that a lot of these threads have even caused personal attacks and threats of violence against one another. WTF is up with that? If it's really that important to that many people, then I feel sorry for them. Even worse, most of these people really don't care that much about the framerate, but come here to use it as ammo for trolling. Those people are the bottom-feeders of gaming and need to seriously grow up.
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Tuesday, November 6, 2012
I have an announcement to make. The maternity clothes have left the building. I repeat: the maternity clothes have left the building.
I was actually happy to see them go. I love my babies, and I had pretty easy pregnancies, but I did not love being pregnant. I loved the miracle of it, but towards the end I was very, VERY uncomfortable.
I think God intended for us to be that uncomfortable, because if we were not THAT uncomfortable no one would volunteer to go into labor. But once you reach a certain level of misery, you kind of look forward to labor.
While pregnant, I could keep my babies safe. I was able to keep them with me.
But once outside it became more difficult to keep them safe. I did everything I could do as a mom to protect my babies. But then, my babies had some nerve to grow up and start school.
Dylans first whole week of kindergarten I cried every morning. He finally looked at me that first Friday morning and said I come home every day!
You can stop crying. I may have stopped crying, but I didnt stop worrying.
Having my children away from me is like handing my heart over to the world and saying Here ya go!
I have worried about each child at different times, and for different reasons.
But just as soon as I am done worrying about one, I start worrying about another one. I think Mom is a code for worry and guilt but guilt is a topic for another day.
I worry that someone will harm them, injure their spirit or be just plain old mean. Even worse, what if they are the mean kid?
In my head I know that our goal as parents is to raise well-adjusted adults. And if their mom is following them around trying to keep every not nice person away from them, they will not become well-adjusted adults. They just become adults who need lots of therapy. I cannot afford college and therapy, so I will have to let them out into the world.
I dont have to like it, I just have to do it.
Just like I didnt like being uncomfortably pregnant and not seeing my feet for months on end, I understand that if I want the end result of happy, well-adjusted adults, I have to do the labor.
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realmagick.com The shrine of knowledge.
Kishori Amonkar
- A time for every raag
- Imagine sitting in a concert hall, listening to flautist Pandit Hariprasad Chaurasia at 6 am and ending the day 19 hours later with a vocal recital by Kishori Amonkar.
- Music gives solace, says classical singer Kishori Amonkar
- On Saturday, classical singer Kishori Amonkar interacted with Thanekars, giving them an evening to remember. Kishoritai, an eminent classical singer who made a rare public appearance, shared her views on classical music, how it helps one to achieve ...
- Music in guru's abode
- A disciple of Vidushi Kishori Amonkar, Swarnima chose raga Jait Kalyan for her main raga, since the Jaipur Atrauli Gharana is known for Jod ragas.
- A Maddening Sweet Utterance
- At 40, she became a recluse in the most densely populated city in the world, preferring to sing for herself rather than perform, and to teach. Her disciples included future masters such as Kumar Gandharva, Kishori Amonkar (who says she owes her meend, ...
- Coming up next…
- A recent entrant is the LNJ Bhilwara group who has given Delhi recitals by music legends like Vidushi Kishori Amonkar, Pandit Jasraj and Pandit Hari Prasad Chaurasia, etc.
Kishori Amonkar is described in multiple online sources, as addition to our editors' articles, see section below for printable documents, Kishori Amonkar books and related discussion.
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After watching my wife's father die slowly of a smoking related illness a few years ago I am surprised anyone is keen to buy their mum (or dad) cigarettes.
I don't know if this is the same at other airports but at Verona this year we couldn't buy fags at all. And in town you couldn't buy multi-pack cartons, only single packs. The price was the same everywhere, though.
No duty free any more (thanks to Mr Blair and the EU) so you buy them as normal in shops and Tabacchi. They will be cheaper as their tax is cheaper. I wouldn't buy her any and encourage her to give up. She will save a lot of money, and her health.
I have unwanted gift 4 benson hedges and silk cut purple (200) genuine box to sell reasonable price. if someone interested please get contact with me by email. firstname.lastname@example.com
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BBB Accredited Business since
Maaco Collision Repair, Auto Painting & Glass
Phone: (303) 791-1255 Fax: (303) 791-7038 8085 Blakeland Dr, Littleton, CO 80125 http://littleton.maaco.com
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Maaco Collision Repair, Auto Painting & Glass is independently-owned & operated franchise. We offer towing for collision repairs, auto painting and all auto glass. Insurance made easy, we are insurance approved & work with all insurance companies.
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INTERNET (Indiana's NewsCenter) - Vets seeking out new jobs can get some help online Thursday.
The VA Department is co-hosting a virtual nationwide job fair from 11 AM – 4 PM Thursday afternoon.
Officials say more than 60 employers are participating.
You'll be able to view their openings, participate in live chats or video interviews.
What are your thoughts CLICK HERE to leave us a "QUESTION OF THE DAY" comment.
© Copyright 2016, A Quincy Media broadcasting station. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


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Hotel Hoshi Kai Kan Accommodation & Rooms
- Free WiFi
Main amenities
- 21 guestrooms
- Multilingual staff
- Free newspapers in the lobby
What's around
- In Nihonbashi
- Sensoji Temple (1.8 mi / 2.9 km)
- Akihabara Electric Town (0.9 mi / 1.4 km)
- Edo-Tokyo Museum (1 mi / 1.6 km)
- Asakusa Shrine (1.8 mi / 3 km)
- Tokyo Imperial Palace (2 mi / 3.3 km)
- Tokyo (HND-Haneda) 27-min drive; 13.7 miles/22 km
- Tokyo (NRT-Narita Intl.) 55-min drive; 39.9 miles/64.2 km
- Bakurochou Station 4-min walk; 0.2 miles/0.3 km
- Tokyo Asakusabashi Station 8-min walk; 0.4 miles/0.7 km
- Tokyo Ryogoku Station 14-min walk; 0.7 miles/1.2 km
- Bakuroyokoyama Station 2-min walk; 0.1 miles/0.1 km
- Higashi-nihombashi Station 3-min walk; 0.2 miles/0.2 km
- Kodemmacho Station 6-min walk; 0.3 miles/0.5 km
- Onsite parking not available
Hotel Hoshi Kai Kan Accommodation & Roomsfrom ZAR 532
- Japanese style
- Twin Room, 2 Single Beds
- Japanese style with four futon
- Single Room, 1 Single Bed
Recommended hotels
At a glance
Key facts
Hotel size
- This hotel has 21 rooms
- This hotel is arranged over 6 floors
- Check-in time 1 PM-11 PM
- Check-out time is 10 AM
Guests should use the intercom to call hotel staff for check-in after 10 PM.
Required at check in
- Credit card or cash deposit required
- Government-issued photo ID required
Travelling with others
- No cribs (infant beds)
- Pets not allowed
- Free WiFi in public areas
- Free WiFi in rooms
- No parking
In the hotel
- Free newspapers in lobby
- Multilingual staff
- Number of buildings/towers - 1
- Elevator/lift
In the room
- Shared bathroom
- Shower only
- Hair dryer (on request)
- Free WiFi
More great choices
Hotel Hoshi Kai Kan Accommodation & Rooms's small print
Also known as
- Hoshi Kai Kan
- Hoshi Kai Kan Tokyo
- Hotel Hoshi Kai Kan
- Hotel Hoshi Kai Kan Tokyo
The Japanese Ministry of Health, Labour, and Welfare requires all international visitors to submit their passport number and nationality when registering at any lodging facility (inns, hotels, motels, etc. ). Additionally, lodging proprietors are required to photocopy passports for all registering guests and keep the photocopy on file.
We have included all charges provided to us by this hotel. However, charges can vary, for example, based on length of stay or the room you book.
Recent reviews
Good 3.5 /5 from 73 reviews
If you find it first time, you're doing well! Apart from that it is a good price. Showers and toilets are communal though. Room was decent enough, although narrow . There was only a 1 ft space between the beds! It's clean though and close to the subway and loads of local shops and places to eat.
Hotel neighborhood, condition, service... correspond well to the price. It seems to be a good place for spending a few nights, but less adapted for long stays. The hotel is located on a crossing of 3 subway lines, which allows to travel in Tokyo very easily. Joining Akihabara (for those who are manga/anime/cosplay/computer game fans) and Ginza (for kabuki and shopping) was particularly quick.
Bedroom are good, staff are good too. Located at 2 min walking from the JR station. However, bathroom is a bit dirty.
The location is really great, the place is really cheap, the owners don't speak english but they try to communicate and to take care of you. It's on the 5th floor, but is easy to arrive, and is really near to the subway, metro, stations.
Our room was just in front of the front desk. So everytimes someone smoked, our room smelled. The last day, a group of Customer came to the hôtel, and started speaking at 11pm aloud, then started again at 7am. If someone use television or snores at night, you'll hear it too.
Is the description of this hotel not correct? Tell us


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Former New York Yankees slugger Roger Maris was not actually born in the state of North Dakota, though he is closely associated with it. Born in Hibbing, Minnesota, Maris moved to North Dakota while still young and just learning the game of baseball.
He has a museum devoted to him in Fargo, ND where he grew up and developed his skills; admission is free. Eventually he became a legend with the Bronx Bombers by breaking Babe Ruth's record of 60 home runs in a single season and winning two AL MVP awards.
There are players, current and former, who were both born and raised on the flat, open plains of North Dakota. They were subject to a truncated outdoor season due to the inclement weather most of the year and overcame that adversity, against all odds, as the pictured plaque says, to play professional baseball and football.
I can personally attest to this difficulty. During a vacation to the Flickertail State in late June years ago, I tried to throw batting practice to my nephew, Tyus.
All was well until a 40 mph wind suddenly started singing in my ears and hail eventually forced us inside. I believe it was the only time I have ever drank hot chocolate in June.
Becoming a professional athlete is an accomplishment no matter where a person was born. It is, however, more difficult when that place is North Dakota.
Here are some of the stories of individuals that have overcome that hurdle.


text:
On Tap Today: The Bard's in town
What's more remarkable: That Bob Dylan still tours or that his music still packs its punch? Find the answer in what The Bard will offer tonight at the BMO Harris Bradley Center.
There's another dazzling way to enjoy music on this chilly Thursday night: under the sparkle of the Mitchell Park Domes' "Music Under Glass." Tonight's spotlight shines on the Mary Davis Trio, with a mix of R&B, jazz and blues that stretches all the way back to the 1940s. Check out details here. »Read Full Blog Post
This is the final weekend for most Milwaukee County Parks pools
Milwaukee County Parks pools will begin closing after this weekend as lifeguards begin heading back to campus.
Deep-well pools will remain open through Sunday. Those are the pools in Hales Corners, Holler, Jackson, Kosciuszko, McCarty, Oak Creek Parkway, Sheridan, Washington and Wilson parks. »Read Full Article(4)


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"My head has always seemed to me like a brightly lit room, full of the most delightful objects," Thornton Wilder on the Art of Fiction.
Henri Michaux describes (and draws) a bad peyote trip.
Stories by Pati Hill and Terry Southern. Poems by A. Alvarez and Donald Finkel.
Victor Chapin, White Christmas
Pati Hill, Ben
Hughes Rudd, The Fishers
Terry Southern, South's Summer Idyll
Thornton Wilder, The Art of Fiction No. 16 Full Text
A. Alvarez, The Bad Dream and the Photograph
Edgar Bowers, Adam's Song to Heaven
Barney Childs, On the Last Veterans of the Civil War
Donald Finkel, An Aesthetic of Imitation
Robert Layzer, The Sleeping Beauty
Robert Mezey, In the Environs of the Funeral Home
John Miles, Escape Story
Vassar Miller, Love Song for the Future
Will Morgan, The Tennessee Marriage
Herbert Morris, Twenty-Seven
Constance Urdang, The Madman
Harold Witt, The World is White
Henri Michaux, from "Misérable Miracle"


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Slides from my talk at Milton Keynes Geek Night now up on the blog at http://cole007.net/blog/123/milton-keynes-geek-night
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Chihaya, Pink Diamond 765:
[C] For each other "Makoto, Pink Diamond 765" you have, all your other "Takane, Pink Diamond 765" gains +1000 Power.
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Average rating: 4.9


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From I-90 West Take the Front Street Exit and go north on Front Street/East Lake Sammamish continue "straight" through the round about. The first light after the roundabout is 212th, turn right. Take 212th to the top of the
"Everyone needs to build and maintain inner strength" Nancy is the founder and trainer at Inner Strength Pilates. She works hard to make sure every client understands how to find and use their core muscles. These are the deep abdominal,
We teach a combination of traditional Pilates exercises, as well as additional fitness methodologies to help clients achieve their fitness goals. Inner Strength Pilates focuses on the pillars of Pilates and additional methodologies, enabling its clientele to identify their unique rhythm and develop deep structural muscles of the body's core.
So take the time. Improve your athletic performance, increase bone formation, look and feel better. Train with us at Inner Strength Pilates.
Browse through our site to learn about our Services or educate yourselves about the wonderful world of Pilates and Movement. Hope to see you at the Howling Dog Studio sometime soon!
Interested in learning more?
Take a look at what is currently offered or contact us today for more information!
After a week long retreat of Yamuna Body School in Tulum, Mexico I am reminded of how powerful the breath is. I am excited to share this with those of you here in Sammamish. Look for a Breath Workshop here at Howling Dog Studio in the near future.
The lungs which provide oxygen to all parts of the body also can stretch and relieve fascial and muscle pain from within. We spent between and hour to and hour and a half each morning focusing on breath. We used a variety of breathing techniques to increase our lung capacity, strengthen the diaphragm and stretch the muscles that associate with the rib cage. (?Question – which muscles in the body don't associate with the lungs?… – yep none.)
Looking at this from a purely technical point of view – expanding the lungs' capacity both improves oxygen exchange and helps to stretch (and tone) the muscles in between each rib, improving the movement, support and flexibility. In turn this also can help the neck, since some of its deeper muscles attach to the first rib. Strengthening and gaining more control of the diaphragm can improve our ability to breathe deeply. That when coupled with some level of core control also allows for fluid exchange within the cavities where the organs reside, which improves digestion, stimulates the heart and calms the system.
But this only scratches the surface; Taking the time to focus on our breathing, 'Mindful Movement' has been known to change brain patterns. Check out the Well Blog on the NYTimes (Feb 2016) for a recent article on "How Medidation Changes the Mind"; for the more scientifically minded there is the Biological Psychiatry article (Jan 2016) which explains how these brain changes help reduce inflamation in the body.
Opening the body through breath and improving circulation is one of the keys to Body Sustainability.
Are you interested developing your body's sustainability? Mindful Movement and Body Sustainability have you curious? I will be offering a Breath Workshop this Spring/Summer to help you learn more. You are also welcome to improve your sustainability through the Thursday evening Yamuna Body Rolling (YBR) offered here at Howling Dog Studio or a private YBR/Pilates appointment here at the studio.
Want just a quick sample — Take pause, breath deeply, let it out with an audible sigh. Notice the change, in your back, your chest, your being. Take that same deep breath, inhale some more, then inhale a bit more, hold it, notice where you feel tight, let that breath move to those areas, hold the breath one moment longer, then exhale. Experience the change. Congratulate yourself – you have spent a mindful moment. Your body is better for it.
My studio cleaner recipe. You asked so here it is! I use both essentials oils that have been identified as antispetic and anti fungal along with some other basic ingredients. I wanted a cleaner that was reliable enough to keep
Waffles on a pilates studio page you say? Finding that balance between nutrition, exercise and peace of mind is an important part of the Mind Body Spirit exercise regime. For me, peace of mind includes taking time for a delicious meal that
Today we started updating the website so it will be smart phone and computer friendly. Wish us luck and please be patient. This is always more overwhelming that it first appears. Bear with us if any links are broken in
Fluids & Fascia and Dynamic Manual Interface The 10 Year Anniversary celebration continues. Saturday, April 18, 1-4PM There is a lot of information these days about fascia, fascial fitness, fascia and muscle movement and the part fascia may play in