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Martha Stewart Living Omnimedia, Inc. (NYSE:MSO)
Q1 2008 Earnings Call
April 29, 2008 9:00 am ET
Howard Hochhauser - Chief Financial Officer
Susan Lyne - President and Chief Executive Officer
Wenda H. Millard - President - Media
Robin Marino - President - Merchandising
Richard Ingrassia - Roth Capital Partners
Richard R. Tullo - Sidoti & Company
Michael Kupinski - Noble Financial
David Bank - RBC Capital Markets
David Kestenbaum - Morgan Joseph
Good morning and welcome to the Martha Stewart Living Omnimedia first quarter 2008 earnings conference call and webcast. (Operator Instructions) At this time, it is my pleasure to introduce Howard Hochhauser, Chief Financial Officer of Martha Stewart Living Omnimedia. Sir, you may begin when ready.
Howard Hochhauser
Thank you and good morning, everyone. Welcome to our conference call to review first quarter 2008 results. Susan Lyne, our President and CEO, will bring you up to speed on strategic developments and then I will talk about our recent performance and our outlook for the second quarter and the full year. Robin Marino, our President of Merchandising, and Wenda Harris Millard, our President of Media, will join us for the Q&A session following our prepared remarks.
Before turning the call over to Susan, let me remind you that our discussions will contain forward-looking statements which are made pursuant to the Private Securities Litigation Reform Act of 1995 as amended. These statements are not guarantees of future performance and involve certain risks and uncertainties which are difficult to predict. Actual future results and trends may differ materially from what is forecast in forward-looking statements due to a variety of factors.
Now let me turn things over to Susan.
Susan Lyne
Thank you, Howard and thanks to everyone for joining us today. Our first quarter marked a good start to the year with solid performance across all of our segments. Total revenues were approximately 2%, driven by advertising revenue growth in broadcasting, publishing, and Internet. In fact, total ad revenue excluding Blueprint grew 9%. Given the current economic environment, growing ad revenue on each of our media platforms is a remarkable achievement, especially as the first quarter is seasonally a weaker quarter in our publishing and Internet divisions.
Our performance is at the high end of the market and clearly demonstrates the value of quality content and integrated media offerings.
Strength in the quarter was broad-based. Publishing was boosted by book revenue from our agreement with Clarkson-Potter and higher ad revenue at all of our magazine titles. We continue to make great strides in our Internet business, as evidenced by increasing user traffic and higher ad revenues. As we discussed last quarter, our product integration strategy in broadcasting continues to drive better segment results and is proving to be a key factor in our cross-platform sales momentum.
In addition, the leveraging of our content library and to cable programming and into international markets has helped us expand our audience reach. And despite a challenging retail environment, the merchandising segment also contributed positively this quarter.
Importantly, we posted year-over-year improvement in operating income, adjusted EBITDA and EPS. These improvements validate both the growth and diversification of our revenue streams, as well as our operating discipline.
The first quarter of the year is typically the lightest for publishing in particular thought it is noteworthy that we reduced our net loss from $12 million a year ago to $4 million in the first quarter of 2008. This progress keeps us on track with our outlook for the year and with our objective for sustained profitability longer term.
Earlier this month, we completed the Emeril acquisitions and we are in the midst of integrating those assets. We will begin reporting Emeril results as part of our consolidated financial statements and providing full year guidance on our second quarter call.
We see so many exciting opportunities ahead to grow this brand and business.
Now for some segment details -- starting with publishing, we saw a good performance driven by revenues from advertising and from our books line. Excluding Blueprint, which ended publication in Q4 2007, we posted ad revenue growth of 6%. Living, Everyday Food, and Body and Soul posted solid ad revenue gains due to a further diversification of our advertiser base into new categories like beauty, travel and financial services, all categories that command higher ad rates.
The result is better revenues on fewer pages which, given the price of paper, has a positive end impact for MSO. This improvement in an otherwise down environment for many publishers speaks to the vibrancy of our brand as well as the skilled efforts of the sales force we've built.
As we move into second quarter, we continue to see positive revenue trends in our magazines, though I will note that our visibility remains limited through the second half of the year.
Our books deal with Clarkson-Potter continues to be a great success. Within a week of publication, Martha Stewart's Cookies became a bestseller, debuting at number three on the New York Times paperback advice and how-to list. This was no accident. In addition to taking an omnimedia approach to our advertiser programs, we also use an omni strategy to introduce new products. At launch, cookies was promoted on the Martha Stewart Show, Martha Stewart Living radio, and on marthastewart.com, as well as through a special we produced for the Style Network. Next up is Martha Stewart's Cooking School, which is due out in October.
Before moving on to Internet, I want to point out that the American Society of Magazine Editors has nominated Living for two national magazine awards for general excellence and for photography. The winners will be announced on May 1st. We are so gratified that Living's talented staff continues to be recognized by the industry. Their commitment to excellence gives us an important edge in this challenging economic environment.
Living was also named to Ad Week's 2007 hot list of top 10 magazines, as was Everyday Food for magazines in its category, their third consecutive year claiming this honor.
And now to Internet -- advertising revenue grew 31% in the first quarter, due to higher traffic to our sites, custom marketing programs, and higher CPMs. This impressive growth in our core Internet business was offset by the wind-down of our direct flowers program as we transitioned to the new Martha Stewart for 1-800-FLOWERS.com. That new program will be part of our merchandising segment going forward.
The transition had an impact on Internet in Q1 but the good news is that the trends in our core business are very strong. Page views increased in each month during the quarter, just as they did in Q4 of last year, up 33% in January, 49% in February, and 47% in March. Unique visitors were also up significantly -- 40% in January, 57% in February, and 53% in March. This upwards trajectory is a direct result of improved operating strategies, including greater daily programming, new features and functionality, and coordinated cross-platform promotions.
A few weeks ago we launched WeddingWire's vendor search tool on our site, allowing users to find local vendors. I am pleased to report that the integration went seamlessly. We expect to add WeddingWire's planning toolset to the site this quarter. This is an important step in our plans to expand our weddings franchise and to further build our interactive community by adapting WeddingWire's technology for other digital content areas.
On to broadcasting -- revenue showed positive gains of approximately 18%. The spot market was strong this quarter, boosting advertising revenues. Just as important was our successful product integration strategy which creates unique value for advertisers and very importantly is aligned with the content our audience wants.
Our content library also contributed positively this quarter by leveraging existing content for domestic cable broadcast and to 60 countries internationally, we've added a growing revenue stream and amplified the voice and reach of our brand.
While household ratings for the Martha Stewart show declined year over year, the demographic profile of our viewers markedly improved, largely closing the gap on the numbers of 25 to 54 and 18 to 49 impressions we sell to advertisers. This increasingly younger audience profile has coincided with a return to our roots, with a stepped up focus on how to programming that our core audience had been requesting.
In merchandising, our results came in on target with expectations and we are pleased with that performance, particularly in the context of the current economic environment. The breadth of our merchandising business, as well as positive momentum in several areas, including Macy's and our crafts line, give us encouragement for the near-term and real optimism for the longer term.
A few weeks ago we celebrated the launch of Martha Stewart for 1-800-FLOWERS.com just in time for the spring holidays and Mother's Day. This partnership, which allows us to offer consumers same-day delivery, is a terrific match in that it brings together two parties doing what each does best to deliver a great product.
Our Macy's line continues to perform well across all product categories and our rollout of new SKUs at Costco is ongoing. We anticipate a very broad rollout of new Martha Stewart crafts product in the second half of the year to several thousand retail outlets nationwide. This is a great opportunity for us to consolidate the leading physician in the $30 billion crafts market with a unique assortment that will be accessible to consumers everywhere.
With a year's worth of learning in this category, we are ready for broad distribution and look forward to keeping you updated on our progress.
Looking ahead, the key challenge facing all media and merchandising companies is an uncertain and volatile macro environment. At MSO, however, despite the lack of visibility this environment creates, we are seeing good momentum in our businesses and a validation of our strategic path. Our omni advantage has only become more evident in the current climate, as has the wisdom of diversifying our merchandising portfolio.
Our first quarter revenue growth and narrow net loss shows that our strategy is generating tangible results and that our operating discipline is paying off. We are committed to delivering on our near-term promises but we also remain focused on the long-term health of this company and we have the financial flexibility in place to support our objectives. New businesses like Emeril create immediate growth avenues for the company and we are confident that when economic trends turn positive again, we have the assets and operations in place to generate even stronger growth.
Thanks again for joining us today and now I will turn the call over to Howard.
Howard Hochhauser
Thank you, Susan. As Susan mentioned, our first quarter results meeting expectations is no modest achievement given the current state of the economy. This demonstrates the fundamental health of our business and makes us cautiously optimistic for the year ahead.
Now looking at the first quarter results, total revenue was up 2% year over year to $67.8 million and our adjusted EBITDA loss improved from negative $2.4 million to a negative $1.2 million. Our net loss in the first quarter also improved significantly to a loss of $4.2 million, or $0.08 per diluted share versus a net loss of $11.9 million, or $0.23 per diluted share in the year-ago quarter.
A few items that affect comparisons for the quarter include the closure of Blueprint, the revenue recognized in the prior year quarter associated with the relationship with Singer, and revenue related to our flowers business that has transitioned to the merchandising segment following -- excuse me, reflecting our new program with 1-800-FLOWERS.
Publishing revenue improved slightly over the prior year's first quarter and was up approximately 4% when excluding Blueprint from the prior year. Adjusted EBITDA was roughly flat in the quarter, reflecting increased paper and distribution costs, as well as a direct mail campaign that was not done in the prior year quarter, partially offset by the savings from Blueprint.
Our Internet business again substantially improved in adjusted EBITDA, reporting a loss of $1.8 million compared with a loss of $2.3 million in the prior year quarter. Revenue was slightly down year over year due to the transition of flowers revenue as discussed. Advertising revenue grew an impressive 31% in the quarter as we benefited from an increase in both rate and volume.
Broadcasting revenue increased approximately 18% in the quarter as a result of advertising revenue and revenue related to the domestic and international distribution of our television programming. Adjusted EBITDA by $0.5 million was in line with expectations and reflects the benefits of a reduction in segment reduction costs.
The slight decline in merchandising revenue and adjusted EBITDA was primarily due to the Singer revenue recognized in the prior year quarter. The decrease was partially offset by initiatives launched in the second half of 2007.
Turning to the balance sheet, we finished the period ended March 31, 2008 with $90 million in cash, cash equivalents, and short-term investments, or roughly $1.70 per share. This does not include the impact of the Emeril acquisition, which was completed at the beginning of the second quarter.
After taking the Emeril acquisition into account and the proceeds from a $30 million loan, we expect to finish the second quarter with $70 million to $75 million in cash, cash equivalents, and short-term investments.
While we do not have a specific intent for the added capital, it provides us with additional financial flexibility, giving us added capability to pursue short-term growth opportunities in the months ahead.
In short, our balance sheet remains very healthy with a solid cash position and manageable debt.
Now I'll talk about our guidance for the second quarter and full year 2008. Importantly, this outlook does not include anticipated contributions from the Emeril acquisition, which is expected to be additive to second quarter and 2008 performance. We will begin including Emeril in our financial outlook beginning next quarter once we complete the process of converting Emeril's accounting from cash basis to GAAP basis.
For the second quarter, on a consolidated basis we expect revenue to be in the range of $71.5 million to $74.5 million. We anticipate operating income in the range of $0.5 million to $1 million, and adjusted EBITDA in the range of $4.5 million to $5 million.
On a segment basis for the second quarter, publishing is expected to show continued momentum with revenue in the range of $47 million to $48 million and adjusted EBITDA of approximately $8.5 million.
Advertising revenue is currently trending up in the mid-single digits when splitting Blueprint but visibility remains limited.
Broadcasting revenue is expected to be in the range of $10 million to $10.5 million, with adjusted EBITDA of approximately $0.5 million.
Internet continues to gain traction with advertising revenue on pace to end the second quarter up approximately 30% year over year.
Total revenue is expected to be in the range of $3 million to $3.5 million, with adjusted EBITDA loss of approximately $1 million.
Merchandising revenues are expected to be approximately $11.5 million to $12.5 million, driven primarily by revenue related to Macy's and the benefit of new partnerships, including 1-800-FLOWERS.
Adjusted EBITDA is expected to be $5.5 million to $6 million. Corporate expenses are expected to be approximately $9 million.
We are reiterating our full year 2008 guidance, again exclusive of Emeril. On a consolidated basis, we are expecting revenue of approximately $300 million. We anticipate operating income in the range of $9.5 million to $14.5 million, and adjusted EBITDA in the range of $23 million to $28 million.
CapEx excluding any facility charges should be approximately $5 million and we do not expect any material tax charges for the year.
In comparing our 2008 revenue outlook with 2007 results, a few points to keep in mind -- 2008 will not have the benefit of the significant 2007 K-Mart true-up, a difference of approximately $41 million; 2008 will not have any Blueprint revenue, which amounted to $7 million in 2007; the change in our flowers program, which will deliver higher EBITDA and much higher adjusted EBITDA margins will result in 2008 revenue being lower by approximately $3 million.
In closing, building sustainable growth and free cash flow remains our top priority. We believe we have the resources, both human and capital, to deliver on our objectives for the near and long-term.
Thank you and we will now turn the call back to the Operator for Q&A.
Question-and-Answer Session
(Operator Instructions) Your first question comes from Richard Ingrassia of Roth Capital Partners.
Richard Ingrassia - Roth Capital Partners
Susan, would you say that your primary strategy for the balance of the year is execution on the Internet ad platform and other legacy businesses, as well as exploitation of Emeril versus finding additional acquisitions or short-term growth opportunities, as Howard put it?
Susan Lyne
I think that we've done a lot of work these past couple of years to put in place programs that can deliver short-term growth and more importantly significant long-term growth, so yes, we are very focused on executing on those programs, no question about that.
We do believe that there is a big upside to our Emeril business. It will be an immediate contributor but we have a lot of good ideas already about how we are going to grow that business.
And obviously the fact that we still have a strong balance sheet means that we are constantly looking for appropriate acquisitions. We started talking about acquisitions about 18 months ago. It took us more than a year to find the right acquisition. We are very disciplined investors, so I don't think you should be looking for us to necessarily make any quick new investments but it's an important part of our strategy long-term to continue diversifying our portfolio of brands, so yes, that is absolutely on the agenda.
Richard Ingrassia - Roth Capital Partners
Thanks. And would you say in the magazine segment, are we in middle innings of a rebound of CPMs and pages there? Or would you say we are now starting to approach the norms prior to Martha's legal issues?
Susan Lyne
I am going to toss that to Wenda since she's on the call with us. I think she is probably the right person to answer that question.
Wenda H. Millard
I think this sales team does an outstanding job of conveying the quality of our brands to the advertising community and I think the CPMs that they are garnering in the marketplace really speak to that. They do very, very well on an historical basis as well as a competitive basis now. So I think -- and particularly in this marketplace, so I think that right now you are seeing about as solid CPMs as you are going to see from anybody in the marketplace, so I'd say we are very much back and doing a great job vis-à-vis our competitors. But we are definitely -- those CPMs are definitely reflecting the quality of this brand.
Richard Ingrassia - Roth Capital Partners
Okay, and then just two quick questions for Howard; Howard, I think I heard that the reason why we don't have guidance on Emeril yet is because of a change in reporting basis from cash to GAAP.
Howard Hochhauser
Richard Ingrassia - Roth Capital Partners
Is there also -- I mean, do you have visibility yet on the non-cash charges that might be in store, intangibles, for example?
Howard Hochhauser
Let me just break it into two pieces. We did the deal based upon a cash flow projection or his actual tax returns, so now you go through the process of converting that to GAAP. The other process as you hit on is doing the evaluation work to allocate the purchase price. We will have that all completed by the second quarter call and release that in about 90 days.
It may be worth just talking about visibility -- you know, one of the great attributes of this deal is a piece of it, an important piece of it are sort of contractual guarantees, if you will Susan, I don't know if you want to talk about that a bit.
Susan Lyne
Emeril has two major arenas to his business right now. One is the television and he has a different model than we do, where he is paid essentially a talent fee. He is an executive produce on those shows but he has no liability for production costs, so it is a very clear revenue stream and a very high margin revenue stream.
On the merchandising side, he operates as we do on a licensing basis with certain guarantees, so both of these areas are pretty straightforward and we don't anticipate any surprises.
Howard Hochhauser
Richard Ingrassia - Roth Capital Partners
Okay, and then just last, Howard, can you say something about the sale of all of your short-term investments in the quarter?
Howard Hochhauser
Prior to closing, we went very liquid so we could close Emeril and have cash available for working capital. Now the quarter is closed and we closed the loan, we are going back and extending the term of some of our investments.
Richard Ingrassia - Roth Capital Partners
Okay. Thanks, everybody.
Thank you. Your next question comes from Richard Tullo of Sidoti & Company.
Richard R. Tullo - Sidoti & Company
First question is to Howard -- did you say that you expect to have $70 million to $75 million in cash and short-term investments on the balance sheet in the second quarter?
Howard Hochhauser
That's correct.
Richard R. Tullo - Sidoti & Company
Does that include the payments to the Emeril deal?
Howard Hochhauser
That's after Emeril and includes the proceeds from the loan. I would just note that now we are free cash flow positive, so as the year progresses, we'll be building cash.
Richard R. Tullo - Sidoti & Company
Right. Second question -- in terms of food advertisers, one of your competitors had said that they had a decline in food advertisers. What are you seeing there?
Susan Lyne
I'm going to let Wenda answer that.
Wenda H. Millard
I think the CPG, consumer packaged goods group, food manufacturers are definitely under pressure and there is no question at all that they are reducing their advertising spend. We did not experience that in the first quarter. As Susan outlined for you, we had a very strong first quarter, including with food. As she also said, our visibility is limited for the rest of the year, as I think any publisher will tell you. But that is a category that is cutting advertising. They are under a lot of pressure.
Richard R. Tullo - Sidoti & Company
And where are you seeing the strength in advertising?
Wenda H. Millard
Well, we are actually focusing a lot on diversifying the categories from which we are growing our advertising, so financial services has been very healthy for us. We are building out in beauty advertising. We've been picking up in pet supplies and we are also working on travel advertising and in the consumer electronics or technology sector. Those represent growth areas for us.
Richard R. Tullo - Sidoti & Company
Thank you.
Thank you. Your next question comes from Michael Kupinski of Noble Financial Group.
Michael Kupinski - Noble Financial
Thank you for taking the question. In terms of the broadcast division, it did a little bit better than I was looking for and your guidance is a little bit stronger than I was looking for in the second quarter. Were there any special issues in the quarter? Is this product placements, ratings improvements -- can you just give me a run-down on what is going on in the broadcast segment?
Susan Lyne
I think there are two issues here. We certainly have benefited from this younger demographic mix. We are seeing much stronger VPVH numbers, very interesting. I think probably stronger than at any time since Martha's been on television. And whether that is a new younger viewer interested in all the how-to in crafting, which would not be surprising given what we see in the larger marketplace, but that has definitely helped us.
The second thing I would say is that in addition to the straight-on advertising, we've also benefited from product integrations, and this is really part of that omni strategy we've been talking about, where we are able to drive cross-platform programs and these integrations, television integrations have been a very important element of that.
So it's a good thing for us and it's actually turned out to be very seamless in our programming because it is easy for Martha to integrate these products into how-to programming. There is just a natural fit.
Michael Kupinski - Noble Financial
And in terms of the Internet side, it was a little softer in the first quarter. The guidance is pretty much on target for what I was looking for but was there any particular reason why the Internet was a little softer in the first quarter? Were you still ramping up trying to position your sites and that sort of thing? Can you just give me a little color on what was going on on the Internet side?
Susan Lyne
I'm just going to take the top piece of this and then I'm going to pass it on to Wenda; I think that what you have to recognize here is that our core business was actually very strong. We used to include flowers, our direct flowers business in that Internet segment and that added several million dollars of revenue. So we are transitioning away from that old flowers business to a new one which will be included in our merchandising segments and again, that core Internet business was very strong, both on a traffic basis and also on an ad revenue basis, up 31%.
Wenda, do you want to add to that?
Wenda H. Millard
All of the core metrics there were very strong, so when you look at page views, our monthly unique visitors, the average time spent on the site, the page views per unique visitors -- those were all tracking very, very strong. As Susan said, some of them were up -- some of those metrics were up over 50%, so the traffic gains were strong, the engagement level is very, very high with the user and so we had a very, very strong quarter from an advertising revenue standpoint.
So I think we are looking very, very good there and that momentum continues.
Susan Lyne
And I do want to reiterate one thing, which is that it's no accident that these numbers are up. Our Internet team has been diligently working to make sure we are really delivering what our users want and maybe you want to talk a little bit about that, Wenda.
Wenda H. Millard
Sure. I mean, our editor -- we are very fortunate to have a very data driven editor and we look at our performance every single day and look to understand what our users are reacting to and we move very, very swiftly to add new content, take down new content, add more of something that is working. So I think that the metrics that we are seeing are a reflection of our looking every single day at what it is our users are responding to and giving them more of that.
So the metrics are really very, very strong as a result of that, so I think being very data driven, understanding exactly what the user is looking for from us is a way that we've really grown that business and will continue to grow that business.
Michael Kupinski - Noble Financial
I think you are doing a great job there, by the way. I did have one final question -- have you noticed in the past that a strong influx of political advertising in broadcast television displaced some advertisers to magazines? Any thoughts on the political environment and how that might affect you?
Wenda H. Millard
You know, we're not really a -- I think because of the nature of our content, we are not the recipients of a lot of political advertising, so I --
Michael Kupinski - Noble Financial
I was just talking about more displacement, because we're looking for a really heavy political cycle this year and --
Wenda H. Millard
I see what you are saying. You know, I actually have not seen that. I mean, Susan, you may have observed --
Susan Lyne
I think that's a non-factor for us.
Wenda H. Millard
Yeah, I just don't see it for us.
Michael Kupinski - Noble Financial
Okay, very good. Thank you.
Thank you. Your next question comes from David Bank of RBC Capital Markets.
David Bank - RBC Capital Markets
I have a couple of questions. The first one, if we could start with merchandising, I guess. And thanks for giving us the visibility that you did in what I think is a really difficult category to give visibility into. My sense is that it is going to take you between three and four quarters between announcing any sort of real material deal and actually seeing any real material revenue from those deals.
So you've given us a pretty good sense of 2Q. Can I ask -- is there -- what's coming online there besides Macy's and Costco and kind of the magnitude of ramp from 2Q versus 1Q? And I think given some of the statements you made, can you give us a little bit of color in terms of 3Q with respect to are there any new deals that are kind of in the pipeline where the spigot turns on in 3Q? I'm trying to get a sense of for us, the 2Q merchandising number was a little bit low and I want to know if there is kind of a ramp coming in 3Q.
And any commentary you have more broadly about the pipeline -- I'm just going to give you two other quick questions. The second one is can you talk a little bit about in terms of publishing, what is the last book that you have closed right now? Is it the July book or the June book? What are you seeing in terms of this summer, July and August?
And the last question is I think probably most Wenda-oriented, which is so we are seeing continued acceleration in page views. We are seeing continued acceleration in CPMs but we are actually seeing something of a deceleration in growth for advertising revenues in the next quarter. So is it sell-through or am I doing the math wrong?
Susan Lyne
Wow -- that's a long list.
Howard Hochhauser
Let me take the number part of it and then I'll hand it off. I'm going to take the third one first, with respect to deceleration. We did 31% ad revenue growth in Q1. We are forecasting as we sit here today to do 30%. I wouldn't consider that a deceleration. In fact, the base gets bigger in Q2 so on an absolute basis, it's actually a more aggressive or a bigger total dollars of ad revenue into Internet. I'll hand it back to Wenda later to get into the details.
Let me now take your first question, which is just the seasonality or the modeling of the merchandising business. And you do -- I just want to remind you, you still have a K-Mart, a potential K-Mart true-up in the fourth quarter. We still have a minimum this year. To the extent they go below the minimum, we'll book that in the fourth quarter.
So you do have a disproportion amount of your K-Mart revenue potentially coming in the fourth quarter.
David Bank - RBC Capital Markets
So there may have been like versus a year ago, a shortfall in 2Q but you get a true-up in the fourth quarter?
Howard Hochhauser
Let me just give you the seasonality or some near-term trends in the K-Mart business, which makes it difficult to model. So in Q1, and we give this out in every call, our sales were down about 21% at K-Mart. Then, let's fast-forward to trends for the first three weeks of April, where that same number was down about 4%. So you have a lot of volatility in the sales performance and that change is really due to garden furniture, which this is the season and it is doing really well. So you just have a sort of a bumpy road as it relates to K-Mart sales in 2008, but you have the ultimate guarantee getting trued up at Q4.
As it relates to Q2 and Q2 non-K-Mart revenue, you have Macy's and 1-800-FLOWERS being the contributors in Q2. Costco seasonally I think is a low quarter in Q2.
Susan Lyne
And it's also worth noting that we are going out much more broadly with our craft product at the very end of Q2, and so for the second half of the year, we will see some pretty significant growth there.
David Bank - RBC Capital Markets
Susan Lyne
Let me move on to the publishing piece of it, just to -- Wenda, you can speak to this. I think that we are pretty -- we have a lot of visibility into our Q2 publishing numbers at this point. We have not closed June yet -- actually, we have closed June. We have not closed July yet, but the reason we were able to give you guidance on where we see ad revenues for the second quarter is because we are pretty clear through June. After that, I think it's -- we are just going to have to wait and see.
Wenda, do you want to weigh in here?
Wenda H. Millard
No, I think we've said it and I think anybody out there on the street will tell you that the visibility is very, very limited. The marketing community in general is planning on a just-in-time basis and that makes it very difficult for all of us to forecast with a great degree of accuracy, so we are all cloudy on the visibility.
Howard Hochhauser
And David, just not directly on point but I want to add some color on the rate versus pages growth; to give you an example, MSL in the first quarter was up 5% in revenue but actually down in pages, and it gets back to Wenda's point about the omni of it, by focusing on categories, focusing on rate. And in this environment where A, it's a tough ad environment but it is also really tough on the raw materials side. You have an increase in paper and postage working against you all year, so it is important to focus on the rate component of all of this.
Wenda H. Millard
So it's really a question of strategic management of that business.
David Bank - RBC Capital Markets
Thank you. Your next question is a follow-up from Richard Tullo of Sidoti & Company.
Richard R. Tullo - Sidoti & Company
Can you break out what you did with Macy's in the quarter?
Howard Hochhauser
Richard, I'm going to talk about the numbers -- or I'm actually not going to talk about the numbers but I'll hand it over to Robin. You know, we break out K-Mart because it is such a material portion of our business. As part of the strategy to diversify, no one partner is a material component and for confidentiality reasons, for contractual reasons, we do not break it out but Robin is here and could put some color on the performance.
Robin Marino
I would say that generally we've been very pleased with our performance overall. We've seen strong performance -- I think we spoke about this on the last call. We are the number one registered brand on Macy's bridal registration. Our Trousseau collection is expanding to just over 450 doors as we move into the fall selling period.
Our performance in housewares, both in cookware and dinnerware, has been very strong and in soft home as well, in both opening price points and the better portions of the collection. So I think that in totality, we are very, very pleased with our performance.
Richard R. Tullo - Sidoti & Company
Thank you.
Susan Lyne
I just want to go back to David's question for a minute about ad revenue, because I'm not sure we were clear enough about it. You know, we don't know what our ad revenues might have been if the economy hadn't slowed, but we have done some pretty specific things to protect and actually grow our ad revenues. We have rebuilt the rate base on Living and in fact, all the rate bases are higher this year. We have invested in a strong sales team and we are focusing much more on omni sales. So I think that we have a lot of comfort right now that we will continue to see growth, even with that lack of visibility because this is one of those moments when quality and a really strong customer connection count.
Thank you. Your next question comes from David Kestenbaum of Morgan Joseph.
David Kestenbaum - Morgan Joseph
Susan, this is the most positive you've sounded in several quarters. I mean, are you surprised at just how strong the business has held up, or is it just you are more positive on the advertising or merchandising markets in general?
Susan Lyne
You know, I think that it's a combination of things. We had a lot of rebuilding and we had a lot of new launches and so there's been an enormous amount of execution that was critically important to get us to this point. And I think right now what is I think very positive is that the company is performing in what is a very tough environment and certainly performing as we said at the high end of our competitive market, so yeah, I am positive.
David Kestenbaum - Morgan Joseph
Thank you. There are no further questions. Ladies and gentlemen, this concludes today's Martha Stewart Living Omnimedia conference call and webcast. You may disconnect your lines at this time and have a wonderful day.
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text:
The electronic structure of fluorene derivatives N-(7-benzothiazol-2-yl-9,9-bis-decyl-9H-fluoren-2-yl)-acetamide (1); 9,9-didecyl-2,7-bis-(N,N-benzothiazoyl)fluorene (2); 4,4′-{[9,9-bis(ethyl)-9H-fluorene-2,7-diyl]di-2,1-ethenediyl}bis(N,N-diphenyl)benzeneamine (3); and 4,4′,4″{[9,9-bis(ethyl)-9H-fluorene-2,4,7-triyl]tri-2,1-ethenediyl}tris(N,N-diphenyl)benzeneamine (4) were investigated by a steady-state spectral technique, quantum-chemical calculations, and a picosecond pump–probe method. These derivatives are of interest for their relatively high two-photon absorption. The steady-state excitation anisotropy spectra reveal the nature of the ground-state absorption bands. Semiempirical quantum-chemical calculations of the fluorene derivatives (AM1, ZINDO/S) show good agreement with experimental data. The spectral positions and alignment of various electronic transitions of derivatives 1–4 were estimated from their excited-state absorption and anisotropy spectra.
© 2005 Optical Society of AmericaFull Article | PDF Article

subset: commoncrawl


text:
The St. Louis Cardinals are reeling, having lost seven of their last ten while their five-game lead in the National League Central Division has eroded to just a half-game. Their worst fate yet was being swept this week by the lowly Houston Astros despite having started three veteran pitchers at home, Brad Penny, Kyle Lohse and Chris Carpenter.
On Friday night at second-place
It is an amazing turn of events from just 90 days earlier. By the time the 23-year-old reported to Cardinals spring training camp in Jupiter, Florida in mid-February, his pitching coach and manager, Dave Duncan and Tony La Russa, respectively, had made it clear on multiple occasions that Garcia would be better served to return to Triple-A Memphis this season.
Coming off Tommy John elbow ligament replacement surgery in August 2008, Garcia returned late last season to make nine very effective minor league appearances. Yet, the Cardinals braintrust wanted to protect their young star through fewer and less stressful minor league outings here in 2010.
Garcia blew those plans out of the
water by pitching so well in spring training (3.00 ERA, 20:5 strikeout-to-walk
ratio in 24 innings) and with such poise that La Russa and Duncan had no choice.
The native of
In his six regular season starts since, Garcia has been better than anyone expected.
The Cardinals' 22nd-round pick in the 2005 draft is among the rookie pitching leaders in the National League in almost every category. His 1.18 ERA is a full run better than the second-place hurler. Garcia's three wins are tied for the league lead and he is second in both strikeouts with 30 and opposing batting average at just .195.
Garcia is attributing a part of his early season success to an improved outlook toward his pitching.
"Mentally, I am a totally different guy," he told me this past week.
Even so, Garcia did not necessarily expect to be so consistently good coming off surgery.
"At the time (of the procedure), they told me I would be able to pitch in one year, but recovery is different for different guys," Garcia said. "I was told that I would feel better sometimes than others and that some guys take as much as two or two-and-a-half years to get all the way back."
Injury expert Rick Wilton of Baseball-Injury-Report.com reaffirms the individuality of recovery times while acknowledging there are standard guidelines.
"Every pitcher is different,"
Garcia seems to have stamina out of the gate as he is consistently getting into the back end of his games. Having done even better than the textbook quality start each outing, Garcia has gone six or more innings and allowed two or fewer runs all six times out in 2010. (The quality start measurement is three or fewer runs yielded.)
In fact, Garcia is only one of three MLB rookies since at least 1952 to begin a season with six or more of these games. The record over that time is eight, co-owned by Fernando Valenzuela of the 1981 Dodgers and Joe McIntosh of the 1975 Padres.
Though some have expressed concern
over Garcia's projected workload,
"Generally, a pitcher is fully recovered roughly 18 months after the surgery, including regaining full arm strength," Wilton said. "There does not appear to be any concerns over maximum workload with pitchers once they get close to that 18 month timeframe."
Case in point is one of the National League's top young starting pitchers who had been on exactly the same Tommy John trajectory as Garcia, 12 months ahead, with spectacular results.
Undoubtedly, the Cardinals would be delighted with similar results from Garcia in 2010.
To be able to carry that kind of load means Garcia has to remain alert as to his physical condition. One current area of Jaime's focus is on monitoring his body and being ready to adapt.
"I may get to the point where I am not stiff and tight in cool weather," Garcia explained. "I am finding a routine that works for me."
With an ace like the 35-year-old Carpenter in his clubhouse, the owner of a Cy Young Award and a former Tommy John patient himself, it was not surprising that Garcia asked the veteran for guidance.
As one might expect from the no-nonsense Carpenter, his advice was clear and straight-forward.
"I simply told Jaime to make sure on days when he is sore – because there WILL be days he is sore – to make sure he takes it easy," Carpenter said.
Garcia acknowledged receipt of the message and is taking it to heart, yet there is the glimmer of hope that he might even be better down the road. He is aware that some have reported increased velocity several years after the procedure, but isn't necessarily expecting it.
"My velocity might get two miles per hour higher later, but if not, I am very pleased with my results," he concluded.
Cardinals fans certainly agree.
Brian Walton can be reached via email at firstname.lastname@example.com. Also catch his Cardinals commentary daily at The Cardinal Nation blog.
Follow Brian on Twitter.
© 2010 stlcardinals.scout.com. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


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Is the River Sweep an annual event?
Yes, the River Sweep is an annual cleanup event held each year on the third Saturday in June. Improvements in river water quality have caused an increase in the recreational use of the river. This increase has led to more litter on the riverbanks. Thus, a yearly cleanup program is needed to keep the river suitable for public use. In addition to keeping the riverbanks clean, ORSANCO hopes that increased public exposure to the river will foster greater environmental concern for it in the future.
Who should participate?
Anyone wanting to make a difference in the quality of the Ohio River should participate. The River Sweep provides an excellent opportunity for many civic groups, school organizations, and recreational clubs to actively participate in a community service event. Any individual, young or old, or any group is welcome. Children under 18 need a parent signature on the liability waiver before participating.
What will I gain from participating in the Sweep?
You will play an active role in improving your environment. You also will be part of a very unique experience - the river-long Sweep is one of the largest cleanup events of its kind in the United States.
What happens to trash collected from the riverbanks?
All trash is either recycled or disposed of in an environmentally acceptable manner.
Are there designated cleanup sites on the river?
Yes. There will be at least one designated cleanup area for each of the counties bordering the river, plus additional sites along tributaries. Areas will be chosen according to the amount of litter on the site and accessibility to volunteers. Marinas and boat ramps typically make good cleanup areas. To locate the site(s) for your county, click here, or contact ORSANCO's toll-free Sweep Hotline at 1-800-359-3977.
What should I wear and/or bring to the River Sweep?
Wear old, comfortable clothes and shoes or boots that you won't mind getting dirty. Close-toed shoes are also recommended. Trash bags and a limited number of gloves will be provided. If you have work gloves, please bring your own.
Is there danger involved?
River Sweep can be a fun day, filled with good company and the knowledge that the river will be cleaner from your efforts. However, you should keep a few things in mind to keep the event free of accidents:
For more information, please call Lisa Cochran, River Sweep Project Manager, at 1-800-359-3977.


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Eight indicted by grand jury after drug sweep
NEW CUMBERLAND – Eight of the 39 people charged last week in a large drug sweep have been indicted by the Hancock County grand jury on multiple drug charges.
The indictments, returned earlier this week (see sidebar), ensure that the people who were arrested on state charges will be fully prosecuted, Hancock County Prosecutor Jim Davis said.
"You have to indict them to do anything with them," Davis said.
The state charges filed in Hancock County Magistrate Court last week were enough to make the arrests, but the cases were then bound over to the grand jury, which meets three times a year in Hancock County. Their cases will be adjudicated in Hancock County Circuit Court.
The eight people are:
- Brian Humphreys, 33, of East Liverpool: Delivery of a controlled substance (marijuana), conspiracy to deliver controlled substances;
- Heather Wells, 32, of Chester: Conspiracy to deliver controlled substances;
- Roslyn Galloway, 28, of Newell: Delivery of a controlled substance (Oxycontin/oxycodone, three counts), child neglect creating risk of serious injury (three counts);
- Joshua Ryan Ayers, 23, of Aliquippa, Pa.: Delivery of a controlled substance (MDMA/"ecstasy," three counts), transporting a controlled substance into the state with intent to deliver (two counts), conspiracy to deliver a controlled substance;
- Amanda M. Mackall, 20, of Georgetown, Pa.: Transporting a controlled substance (MDMA) into the state with intent to deliver (two counts), conspiracy to deliver a controlled substance (three counts);
- Dwayne Whitaker, 25, of McKees Rocks, Pa.: Delivery of a controlled substance (cocaine);
- Scott R. Lamb, 30, of Chester: Delivery of a controlled substance (Valium/diazepam); and
- Christian D. Parr, 28, of Colliers, W.Va.: Delivery of a controlled substance (Percocet).
The arrests – and subsequent indictments – were the result of a multi-state, six-month investigation by the Hancock-Brooke-Weirton Drug Task Force into the illegal sale of heroin, methamphetamines, cocaine, marijuana and oxycodone in Hancock County.
Investigators conducted extensive surveillance and used confidential informants to make controlled drug purchases over the course of several months. Some of the charges were the result of a federal grand jury that met in Wheeling and returned three indictments with a total of 94 drug-related counts.
Also this week, the grand jury:
- Indicted a man accused of raping a 2-year-old Weirton girl in December. Tyler M. Graham, 19, of Weirton, faces charges of sexual abuse by a custodian, sexual assault in the first degree, and child abuse resulting in serious bodily injury.
Graham, originally arrested in February, allegedly harmed the girl while staying at her mother's house in December, Davis said. Graham's release on bond was met with protests outside Hancock County Courthouse on March 2. He currently is being held at Northern Regional Jail in Moundsville.
- Indicted Allison M. George, 30, of Weirton, charged with escape and grand larceny. George is accused of escaping from house arrest in December and stealing $1,100 worth of electronic monitoring equipment, Davis said. "We picked her up a month or two after she cut the bracelets off," he said.
- Indicted Dale M. Nelson, 32, of Bergholz, Ohio, and Codey T. Francis, 21, of Weirton, on charges of counterfeiting for allegedly using fake $10 and $20 bills at various establishments in Weirton. "We think they used some sort of device to create these (bills) themselves," Davis said.
- Indicted Orien R. Bone, 38, of Weirton, on a charge of fraudulent schemes for allegedly trying to defraud his former employer, CTS Construction Co., and GEICO Insurance out $9,698 in insurance settlement money. Bone, who wrecked a company vehicle-a 2008 Chevrolet Silverado pickup truck-is accused of trying to pass the vehicle off as his and attempting to collect an insurance settlement after the accident, Davis said.
Most of the defendants will make their first court appearance on Thursday before Hancock County Circuit Court Judge Martin J. Gaughan.


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Noah Baumbach to Direct The Emperor's Children with Keira Knightley, Eric Bana and Richard Gere
Posted on Wednesday, March 24th, 2010 by Russ Fischer
Noah Baumbach's latest film Greenberg is opening to fairly strong reception, and while there's that word that he's helping rewrite the heist film Tower Heist for Brett Ratner, I figured that it might be a moment before we heard anything for certain about Baumbach's next directorial project.
But Baumbach is already signing to direct The Emperor's Children, for producer Brian Grazer. Ron Howard was previously attached to direct from a script by Baumbach, but he's handed over the reigns. Read More »


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Indigo Lyon
Our ambassadors liked
> The natural environment of the 6-hectare park just 15 minutes from the city centre - an ideal location for a city break, with stays from just one night
> The heated pool
> The great location, close to all the amenities, with public transport at the entrance of the campsite to visit the beautiful city of Lyon
Open throughout the year
|Surface area
|6 ha
Porte de Lyon
Allée Camping International
69570 Dardilly
Tél : 33 (0)4 78 35 64 55
Located in a beautiful natural park, at the gateway to Lyon
Indigo Lyon campsite**** welcomes campers all year round in a natural 6 hectare park, ideally located for visiting Lyon and the Beaujolais...
Quality services for you to relax after a busy day out in the city.
Come back to the green setting of the campsite and make the most of the quality facilities: a bright, modern central lodge opening onto a lovely terrace overlooking the site, a children's playground, a heated swimming pool to cool off on a sunny day...
Situated in Dardilly just outside of Lyon
Only 15 minutes drive from the centre of Lyon
At the gateway to the Beaujolais
Open all the year
Choose a nature stopover close to the city
- Set up your caravan, motorhome, or tent on a lovely pitch or opt for rental accommodation with all the comforts: wood trailers, mobile homes, or Wood & Canvas tents, the choice is yours!
An ideal site for a stopover on your way to your holiday destination or a city break to explore the beautiful city of Lyon, classified World Heritage by UNESCO!
Spacious, shady pitches that are easy to access and available all year round
Lyon International Campsite**** has 163 shaded and grassy pitches set in 6 hectares of land in the heart of a beautiful natural park. Tents, caravans and motorhomes are all welcome at Lyon Indigo Campsite, all year around.
Equipment is also available for hire, subject to availability: barbecues, baby kits...
A motorhome waste disposal point is also available on the campsite.
To make your stay all the more enjoyable, a range of services are organised for campers: a morning bread service, a small shop so that you can buy all the basics directly on the campsite, ...
> Locate our pitches by downloading the campsite plan
Shower blocks
Indigo Lyon Campsite has three, pleasant and very comfortable shower blocks available for your use. The shower blocks are ideal for families and have baby changing areas and family cubicles. The shower blocks have handicapped access. They are checked and cleaned several times a day.
At Lyon Indigo Campsite****, you can stay in one of our comfortable, equipped Wood & Canvas tents, that is set up all ready for your arrival, or choose an original type of accommodation and stay in a gypsy caravan. The campsite also has mobile homes for holidays in 'all the comfort.
Wood&Canvas Tents
Four models of "Wood and Canvas" tent are available :
- Classic IV Wood and Canvas Tent
- Classic V Wood and Canvas Tent
- Indigo Wood and Canvas Tent
- Zenith Wood and Canvas Tent
Designed with a wooden frame and floor, they are fully equipped. They can accommodate up to 4 or 5 people and have a living room that opens onto a wooden terrace with an awning as well as two separate bedrooms.
> More photos
Virtual tour accommodation
Classic IV Wood and Canvas Tent
Classic V Wood and Canvas Tent
Please note: there is no stove in the Zenith Tent proposed at Camping Indigo Lyon.
Mobile homes
At Lyon Indigo Campsite, the mobile homes are located close to the swimming pool and the children's playground.
For a more peaceful holiday, cars should be left in the car park at the entrance to the mobile home village. We have 3 types of Mobile Home available :
- The Only mobile-home, up to 2 people
- The 2 bedrooms mobile-home, up to 6 people
- The Tribu mobile-home, up to 6 people
They all comprise a main room with kitchen area equipped, bathroom with toilet and shower cubicle, and 1, 2 or 3 bedrooms depending on which mobile home you choose. They can accommodate up to 6 people depending on the model.
It is possible to hire a television or have Wi-fi internet access.
Wooden caravans
At the Indigo Lyon, you can rent a wooden caravans. Each gypsy caravans can accommodate up to 4 people. They consist of a living room with kitchenette, 2 bedrooms and a bathroom with shower and toilet.
For a more peaceful holiday, park your car in the car park located at the entrance to the gypsy caravan area!
More information
Please note: the mobile homes with two bedrooms have different layouts depending on the model (one bedroom with a double bed and one bedroom with two single beds, or two bedrooms each with two single beds).
> Locate our outdoor accommodation by downloading the campsite plan
Useful information: remember to take your duvet or sheets and pillowslips! Sheets are not provided.
You can borrow sheets in situ (sheets and pillowslips) : 9,50 Euros per bed.
New for 2015: towels for hire. €4.50/person.
At the Lyon Indigo Campsite, you will find:
- a friendly reception with all the information you need for a great stay: we are a Lyon Tourist Office Information Point. There is also an internet point free for your use at reception.
- A friendly central lodge, open all year round, where you can come along any time to drink a coffee, read a book on the region, play a board game, watch television...
- a cafe-restaurant (open in July and August and the evenings during the French May and June bank holidays) where you can have a drink on the terrace or enjoy one of our salads, home-made pizzas or grills. The Bar is open every day.
- for a real French breakfast, bread and croissants are available (order in advance).
- a small shop so that you can buy all the basics.
- camper van service area (free with a spot).
a laundry area with washing machine and dryer (tokens on sale at reception)
Rentals (subject to availability) :
- Baby kit rental (crib + high chair)
- Linen hire (sheets + pillow case)
- Fridges and barbecues
- Towel hire
A whole range of useful services are available close to Lyon Indigo Campsite:
- Bus stop to go into Lyon 50m away
- Bank 50m away
- Supermarket 500m away
Activities and a chance to relax on the campsite
The Lyon Indigo Campsite has a heated pool (open from 30 April to 20 September) with a paddling pool for young children, so that you can make the most of the sun. Deck chairs and parasols are available for your use. You can enjoy a game of volleyball, table tennis or petanque with family and friends, and smaller children will love the children's playgrounds.
You can also enjoy a relaxing break in the central lodge: board games are available for your use, as well as books on the region, and a comfortable television room.
A range of activities are possible close to Lyon Indigo Campsite:
- tennis courts (400 metres),
- golf (4 km),
- horse riding (6 km),
- and of course the city of Lyon itself, which really shouldn't be missed…
The region
Discovering Lyon !
Lyon is the most important city in the Rhône-Alpes region with its geographic location in the heart of the Rhône valley offering a multitude of advantages. It is bordered to the north by Beaujolais country, to the west by the Lyonnais hills and to the east and north by the plains of the Dombes and the Isère.
Registered as a UNESCO World Heritage Site, Lyon is a city of art and culture as well as traditions and gastronomy. While visiting the city and its museums and historic sites, you will discover two millenniums that led
to a tremendous architectural heritage: Fourvière, its basilica and its Roman theatres, St Jean's Cathedral (a great medieval monument) located in the heart of Vieux Lyon, the Presqu'île (dating from the classical period), the Croix Rousse district and its silk industry…
Shopping !
You can also make the most of your stay in Lyon for some retail therapy. With over 2,600 shops offering a huge range of different products, at the Presqu'île area of Lyon you can shop until you drop!
And don't forget the Part Dieu...
On the left bank of the Rhône, this large shopping centre has more than 260 brands located within it, including Galeries Lafayette, as well as 14 UCG cinema screens, restaurants and bars for a break during your shopping.
The majority of leading brands in clothing, leather goods, homeware, electrical equipment, books and perfumes can be found at the Part-Dieu.
A city with something for all the family
As a symbol of the city's cultural heritage, the Guignol puppet has become an emblem of Lyon. You can take your children to see a puppet show at the Croix-Rousse or Saint-Jean theatres or at the Parc de la Tête d'Or, which also has an excellent zoo and tropical greenhouses. It is also well worth visiting some of the museums such as the Musée des Beaux-Arts, the Musée d'Art Contemporain, the Institut Lumière or the Musée Gallo-Romain...
The Light Festival
The light festival was originally a religious festival, dating from the 19th century. It takes place around the 8th of December every year and has become an unmissable event for the people of Lyon as well as many other people who come to admire the city during the festival. Every year almost 4 million visitors flood into the city to enjoy the famous evening shows.
As well as the numerous displays that are set up all around the city, the festival is characterised by the strength of the participation of the people of the city, who put lamps (fluted candles in coloured glass holders) in their windows to light up their houses.
The Beaujolais region and its golden stones
Known the world over for its young wine, the Beaujolais is also a magnificent region to explore. With its little villages built in gold-coloured stone, its fortified castles, its paths alone the Saône Valley, vineyards and inns, the Beajolais has a wealth of treasures just waiting to be discovered. From Villefranche to Tarare, the Beaujolais' "Floral Route" runs through tiny villages and areas abundant in historic heritage, architecture, gastronomy, beautiful landscapes and floral decoration…
RCS Lyon - 431 962 976 00053 / AC C69-040997-001 Paris, le 08/08/2012


text:
By AltRaps
"He's good," Triano said. "We're not."
The "if you missed the game, I'll replicate the Raptors 4th quarter effort" edition.
"I would rather watch the young guys play than have Peja go out and thwart those efforts. It's the right thing to do for us," Colangelo said.
A nine-point loss to this Spurs team in this building, at this stage in this season, is nothing to be ashamed of.
Like that Dec. 28 win over a Dirk Nowitzki-less Mavericks, the Raps went into this one vastly undermanned.
Unlike that game, in this one the Raptors came up short.
"I'm proud of the way our guys fought in this game," said coach Jay Triano. "I can't ask for much more from our guys in a back-to-back when we have so many guys hurt."
The "that stung a little" edition.
Not to sound the alarm bells, but the Raptors appear to be a run-away train with no end in sight, at least not one that has a happy ending.
The "slicked back hair" edition.
"Our effort and intensity is good, we just have to finish plays and I think a lot of that has to do with youth," Triano said.
Right now the Raps aren't getting any calls and hit a new low last night getting to the free throw line just 12 times.
The "making the home crowd proud" edition.


text:
Technical Short Courses
Technical Short Courses cover the comprehensive spectrum of specialized topics that accrue from the research expertise of the participating scientists. They are oriented towards practical application of methods, models and techniques.
2-3 Technical Short Courses are offered per year, each running up to one week. A variety of potential topics for Technical Short Courses is available. Courses are adapted to the needs of the MICMoR Fellows and their dissertation topics.
Upcoming Technical Short Courses:
to be announced
Past Courses:
Python - The Swiss Multitool of Programming
KIT Campus South, Karlsruhe, April 11-15, 2016
Lecturer: Dr. Steffen Tischer (KIT)
Advanced Statistical Methods for Geoscientists
with Special Focus on Climatology
University of Augsburg, Dept. of Physical Geography & Quantitative Methods, October 6-9, 2015
Lecturers: Prof. Dr. Jucundus Jacobeit (lecturer in charge),
Dr. Christoph Beck, PD Dr. Elke Hertig, PD Dr. Andreas Philipp, Dr. Joachim Rathmann
(all University of Augsburg),
Dr. Patrick Laux (KIT/IMK-IFU, Garmisch-Partenkirchen),
Dr. Stefanie Vogl (Siemens AG, Research & Technology Center, Munich)
Flux Measurement Fundamentals
KIT/IMK-IFU, Garmisch-Partenkirchen, July 27-31, 2015
Lecturers: Prof. Dr. Hans Peter Schmid, Dr. Frederik De Roo, Katja Heidbach, Dr. Janina Hommeltenberg, Dr. Matthias Mauder, Dr. Rainer Steinbrecher, Dr. Matthias Zeeman (all KIT/IMK-IFU)
Putting People on the Land. Introducing the interactions
between terrestrial ecosystems, climate and society
KIT/IMK-IFU, Garmisch-Partenkirchen, March 3-6, 2015
Lecturers: Dr. Thomas Pugh, Prof. Dr. Almut Arneth, Dr. Benjamin Quesada,
Dr. Anita Bayer, PD Dr. Ralf Kiese (all KIT/IMK-IFU),
Prof. Dr. Mark Rounsevell (University of Edinburgh, UK),
Dr. Jo House (University of Bristol, UK)
The films of our MICMoR-LUC4C Technical Short Course (March 2015) are available on the KIT/IMK-IFU Campus Alpin YouTube Channel.
The iTunes U collection "Ecosystems, climate, society"
is available on KIT on iTunes U (please click below):
Flux Measurement Fundamentals
KIT/IMK-IFU, Garmisch-Partenkirchen, August 4-8, 2014
Lecturers: Prof. Dr. Hans Peter Schmid, Dr. Rainer Steinbrecher, Dr. Matthias Mauder,
Dr. Matthias Zeeman, Janina Hommeltenberg, Matthias Lindauer
Statistics and Mathematical Methods for Geoscientists
with Special Focus on Climatology
KIT/IMK-IFU, Garmisch-Partenkirchen, October 7-11, 2013
Lecturers: Prof. Dr. Jucundus Jacobeit, Dr. Christoph Beck, Dr. Elke Hertig,
Dr. Andreas Philipp, Dr. Joachim Rathmann (all University of Augsburg),
Dr. Patrick Laux, Dr. Stefanie Vogl (both KIT/IMK-IFU)
Stable Isotopes in Environmental Sciences, Ecology and Physiology
TU München (Germany) & University of South Bohemia (Czech Republic),
April 15-21, 2013
Remote Sensing of the Land Surface
University of Würzburg, Institute of Geography and Geology, October 8-12, 2012
Lecturer: Dr. Hooman Latifi (University of Würzburg)
Eddy-Covariance Flux Measurement Fundamentals
KIT/IMK-IFU, Garmisch-Partenkirchen, July 30 - August 3, 2012
Lecturers: Prof. Dr. Hans Peter Schmid, Dr. Rainer Steinbrecher, Dr. Matthias Mauder
(all KIT/IMK-IFU)


text:
Specify which of the following cash transactions would have resulted in the $4,100 posting to the account. (You select more than one answer. Single click the box with a check mark for correct answers and double click to empty the box for the wrong answers.) Receiving cash from...
Friday, February 19, 2016 by Irina
Intermediate accounting
During 2011, Deluxe Leather goods sold 800,000 reversible belts under a new
Wednesday, February 17, 2016 by Tariro
maths lit,accounting,economics,business studies
I did maths literacy with all the commercial subjects including accounting what course can i take?
Wednesday, February 17, 2016 by chuma
I don't know what to become when I grow up
Sunday, February 14, 2016 by Anonymous
Which of the following is NOT added back to Net Profits After Taxes to produce the numerator in Coverage Ratio? A. profits taxes B. interest on debt C. cost of materials D. depreciation
Friday, February 12, 2016 by Anonymous
Accounting 100
a) Purchased equipment on account for $950 b) Paid $600 on equipment purchased in transaction (a) How do I post (b) to the journal?
Saturday, February 6, 2016 by Cami
Basic Statistics
home / study / questions and answers / math / statistics and probability / the manager of a vacation resort has claimed that, ... Question The manager of a vacation resort has claimed that, on average, a guest spends at least $1600 at the resort during a one week stay, ...
Thursday, February 4, 2016 by Jameson
Introductory Accounting
The question is Burlin company starts the year with $188,000 in assets and $37,600 in liabilities. Net income for the year is $47,000, and no dividends are paid. How much is owners' equity at the end of the year? So what I thought what i would have to do is add the 188,000...
Wednesday, February 3, 2016 by sarah
accounting fundamental
Explain which financial statement should be prepared first, second, third n fourth and why
Tuesday, February 2, 2016 by jainel
business, pure maths, economic, accounting and to
Can I been an air hostess if im having this subjects
Saturday, January 30, 2016 by thandiwe
julie volunteered to work on christmas day because her parents were out of the country on holidays.her regular wage is $12.00 an hour. how much would she earn for working on christmas day?
Wednesday, January 27, 2016 by Anonymous
Margie Company needs your help to record and summarize its accounting transactions for 2011 and to prepare its financial statements for that year. Margie Company provided you with the following Balance Sheet for 2010: Assets: Cash $ 57,000 Accounts Receivable 83,000 ...
Tuesday, January 26, 2016 by Joe kaba
Brodigan Corporation has provided the following information concerning a capital budgeting project: Investment required in equipment $450,000 Net annual operating cash inflow $220,000 Tax rate 30% After-tax discount rate 12% The expected life of the project and the equipment ...
Friday, January 22, 2016 by Frankie
Dukas Corporation's net cash provided by operating activities was $218,000; its net income was $203,000; its capital expenditures were $146,000; and its cash dividends were $49,000. Required: What is the company's free cash flow?
Friday, January 22, 2016 by Stevie
financial accounting fundamentals
Johan"s plant nursery pays the salaries of it's two employees how will this transaction affect the accounting equation
Friday, January 22, 2016 by shirley johnson
Maths lit.Economics.Business.Accounting.English.Afrikaans.
Can I be an accountant with these subjects
Thursday, January 21, 2016 by Lizzy
Maths Lit .Economics .Business.Accounting.English.Afrikaans
Can I be a Accountant studying these subjects
Thursday, January 21, 2016 by Lizzy
maths lit,accounting, business, economics
What kind of a career path can I follow with this subjects maths lit,accounting,business and economics??
Sunday, January 17, 2016 by Nnana
wat is the similarity between traditional costing and activity based costing?
Saturday, January 16, 2016 by jon
accounting II
if direct labor for the month is $300,000, overhead is applied based on direct labor, annual overhead is estimated to be $500,000 an annual direct labor is estimated to be $80,000, what is the entry to apply overhead to production?
Thursday, January 14, 2016 by suzzie
business accounting
The current liabilities of Mohit Ltd are Rs. 150000 and its current ratio is 3:1 and liquid ratio is 1:1. Calculate the value of current assets, liquid assets and stock of mohit ltd?
Thursday, January 14, 2016 by rinky
Maths, Accounting, Tourism, Business
I'm in Grade 10.Can I Still become a social worker ? I'm not really sure which subjects a person needs for that career!!
Tuesday, January 12, 2016 by Liffy
maths lit,business studies, accounting and CAT
What can I study with these subjects.
Saturday, January 9, 2016 by anonymous
i want to know my result
Tuesday, January 5, 2016 by sheron
Life science, history, accounting
I chose these subjects for grade 10, but I don't know what I'm going to do with them when I reach university or what career I could have with these subjects. Please help.
Sunday, January 3, 2016 by Seipelo
Business Accounting & Finance
The current liabilities of mohit Ltd are Rs 150000 and it's current ratio is 3:1 and liquid ratio is 1:1. Calculate the value of current assets, liquid assets and stock of Mohit Ltd.
Saturday, January 2, 2016 by Vivaan
When sales are constant, but the production level fluctuates, net operating income determined by the absorption costing method will:
Thursday, December 31, 2015 by Mary
accounting and finance
find the rate of interest compound semi-annually at which birr 2000 will grow to birr 5000 in 9 years?
Sunday, December 27, 2015 by Mohamed
Accounting, Maths Lit, Economics,Business Studies
What career am i suitable for ?
Thursday, December 17, 2015 by Brutus Sean Tuss
Accounting, Business Studies, Economics and Maths Lit
What career can i follow up on these subjects ?.
Tuesday, December 15, 2015 by Brutus Sean Tuss
Walk talk manufacture a cordless telephone system . At the beginning of the financial year ending 30 Nov 2009 , the firm budgeted to make and sell 50,000 units of its only product , the NOVA at the selling price of 30 $ per unit . other budgeted information is as follows : ...
Sunday, December 13, 2015 by imad
Maths Literacy, Business studies, Economics, Accounting, English, Xhosa and Life orientation
Which careers could I possibly follow if i'm doing those subjects?
Saturday, December 12, 2015 by Sinesipho Bonakele
On January 4, 2013, Illinois Company purchased new equipment for $550,000 that had a useful life of four years and a salvage value of $50,000.
Wednesday, December 9, 2015 by Anonymous
Total Assets Total Liabilities Beginning of the year $550,000 $215,000 End of the year 844,000 320,000 On the basis of the preceding data and the following additional information for the year, determine the net income (or loss) of each company for the year. (Hint: First ...
Saturday, November 28, 2015 by eddie
accounting I
stock outstanding as follows: 15,000 shares of cumulative 4%, preferred stock of $20 par, and 19,000 shares of $100 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $4,500; second year, $6,300; third year...
Saturday, November 28, 2015 by eddie
Question use each of the following words or terms in a statement relating to bookkeeping/accounting Liabilities Assets Owner Equity Please write out how to do this. Thank you
Thursday, November 26, 2015 by nicey
accounting 1
At the beginning of the year, Keller Company's liabilities equal $64,000. During the year, assets increase by $60,000, and at year-end assets equal $190,000. Liabilities decrease $10,000 during the year. What are the beginning and ending amounts of equity?
Thursday, November 26, 2015 by Anonymous
A very large roller coaster has an initial hill that has an 85 m drop. Note that a roller coaster has no engine. After being pulled up the first hill by a chain the train moves along the track with only gravity, normal forces due to the track, friction and air drag acting on ...
Monday, November 23, 2015 by Anonymous
A very large roller coaster has an initial hill that has an 85 m drop. Note that a roller coaster has no engine. After being pulled up the first hill by a chain the train moves along the track with only gravity, normal forces due to the track, friction and air drag acting on ...
Monday, November 23, 2015 by Hermans
Do these in a journal entries form and illustrate it:1. August 7. Bought supplies in account from Long Music Supplies, $ 2720.00. August 7. Received cash from sales $400.00. August 11. Paid cash on account to Caroline office supplies $250.00. August 11. Paid cash on account to...
Saturday, November 21, 2015 by Blessing
Comm Tech
3.)Which department is spending the least on salaries? A.)Accounting B.)IT C.)Marketing D.)Media & Design
Thursday, November 19, 2015 by YRN DJ
In the table given below, reconstruct the remaining information using the available data. [ WHERE THE X's ARE] All of the raw material purchased during the period was used in production. (Indicate the effect of each variance by selecting "Favorable" or "...
Tuesday, November 17, 2015 by Sara
Accounting - Tax
Bob (age 40) and Susan (age 39) Cowen are married. Susan works as a retail manager and Rob is a self-employed electrician but does not maintain a home office. Their 2015 tax and other information are as follows: Salary Susan 75,000 Federal withholding on salary 24,000 ...
Monday, November 16, 2015 by C
accounting and finance
5. What are the proceeds If a company issues 10 year bonds with a face value of $10,000,000 in bonds with a coupon rate of 7% and a market rate of 7.5% paying interest payments semi annually. Will they sell at a premium or a discount?
Thursday, November 12, 2015 by Anonymous
accounting and finance
4. Dividends Per Share Scan Tech Inc., a developer of radiology equipment, has stock outstanding as follows: 24,000 shares of 2%preferred stock of $75 par, and 100,000 shares of $8 par common. During its first four years of operations, the following amounts were distributed as...
Thursday, November 12, 2015 by Anonymous
accounting and finance
3. Bond Price Walt Disney 7% bonds due in 2032 were recently selling for 149.01. Are the bonds selling at a premium or discount? Is the coupon rate higher or lower than the market rate? Will the proceeds from the bond be more or less than the face value?
Thursday, November 12, 2015 by Anonymous
accounting and finance
The dates of importance in connection with a cash dividend declared and paid of $375,000 on a corporation's common stock are June 6, July 15, and August 14, Match the dates to what they are called: Date of Record, Date of Declaration, Date of Payment
Thursday, November 12, 2015 by Anonymous
accounting and finance
1.Yukon Bike Corp. manufactures mountain bikes and distributes them through retail outlets in Canada, Montana, Idaho, Oregon, and Washington. Yukon Bike Corp. has declared the following annual dividends over a six-year period ending December 31 of each year: Year 1, $28,000; ...
Thursday, November 12, 2015 by Anonymous
On January 1, 2013, National Insulation Corporation (NIC) leased office space under a capital lease. Lease payments are made annually. Title does not transfer to the lessee and there is no bargain purchase option. Portions of the lessee's lease amortization schedule appear...
Wednesday, November 11, 2015 by Anonymous
On January 1, 2013, Sweetwater Furniture Company leased office space under a 21-year operating lease agreement. The contract calls for annual rent payments on December 31 of each year. The payments are $19,000 the first year and increase by $350 per year. Benefits expected ...
Wednesday, November 11, 2015 by Anonymous
December Interest on a bank loan is due on January 2nd of the following year: accrue $1,000. How do u record interest expense and interest payable on a journal ledger? Would you record interest expense on the debit side and interest payable on the credit side?
Monday, November 9, 2015 by Brandy
When Resisto Systems, Inc., was formed, the company was authorized to issue 5,000 shares of $100 par value, 8 percent cumulative preferred stock, and 100,000 shares of $2 stated value common stock. Half of the preferred stock was issued at a price of $104 per share, and 78,...
Sunday, November 8, 2015 by ryan
finance and accounting
Identify several ways in which you currently use accounting information in your life as a student. Also identify several situations in which, while you are still a student, you might be required to supply financial?
Sunday, November 8, 2015 by Munazza
MBA ( accounting)
Identify several ways in which you currently use accounting information in your life as a student. Also identify several situations in which, while you are still a student, you might be required to supply financial information about yoursekf to others
Sunday, November 8, 2015 by Munazza
identify several ways you current use accounting information in student life
Friday, November 6, 2015 by maryam
Chef Gourmet, Inc., has assembled the following data pertaining to its two most popular products. Blender Food Processor Direct material $ 18 $ 33 Direct labor 12 27 Manufacturing overhead @ $48 per machine hour 48 96 Cost if purchased from an outside supplier 60 114 Annual ...
Thursday, November 5, 2015 by Rebekah
Original sentence: The job demands computer skills, math ability and with accounting background. Correct Sentence:1. The job demands computer skills, math ability with accounting skills. Original Sentence: My sister in not only a talented musician, but she is also teach with ...
Saturday, October 31, 2015 by jennifer
How do i calculate this problem. An asset was purchased for $73,000, current acc'd depreciation is $13,800, asset is expected to have a useful life of 8 years, and be sold for an estimated $600, what is the new annual depreciation amount, here is my computation Purchase ...
Friday, October 30, 2015 by Mal
Secondhand smoke globally kills more than 600,000 people each year, accounting for 1 percent of all deaths worldwide. Researchers estimate that annually secondhand smoke causes about 379,000 deaths from heart disease, 165,000 deaths from lower respiratory disease, 36,900 ...
Friday, October 30, 2015 by Emily
Amadlelo aluhlaza SS
I Lungelo would like to know tat are there any chances for a person who is doing Accounting.Business study.Economics and Maths Literacy to become a paramedic?
Tuesday, October 27, 2015 by Lungelo
At the beginning of the year, Keller Company's liabilities equal $75,000. During the year, assets increase by $60,000, and at year-end assets equal $190,000. Liabilities decrease $16,000 during the year. What are the beginning and ending amounts of equity?
Tuesday, October 27, 2015 by TA
mathematics literacy,CAT,economics,accounting
Can i study to be a economist with thesr subjects?
Wednesday, October 21, 2015 by kulani
burnwood secondary school
What job can I do with History life sciences and accounting
Monday, October 19, 2015 by nonhle
Three accountants started talking about hospitals. One said he was treated at a not-for-profit hospital, another said she was treated at a county hospital, and the third said he had just returned from the hospital run by the U.S. Veterans Administration. They wondered why ...
Monday, October 12, 2015 by Anonymous
In its first month of operations, Giffin Company made three purchases of merchandise in the following sequence: (1) 260 units at $5, (2) 360 units at $7, and (3) 460 units at $8. Assuming there are 160 units on hand at the end of the period, compute the cost of the ending ...
Monday, October 12, 2015 by Allie
Accounting 2
Coldfoot Corp. estimates that its 20-1 income tax will be $74,000. Based on this estimate, it will make four quarterly payments of $18,500 each on April 15, June 15, September 15, and December 15.
Sunday, October 4, 2015 by Norman A George
Thursday, September 24, 2015 by BONGA
A quarterback (QB) is running at 3.2 m/s at an angle of 25 degrees with x axis as shown in the sketch. At the moment he's at the origin (x = y = 0) he throws the football to a receiver which is stationary located at the coordinates x = 10 meter, y = 6 meter. The total ...
Thursday, September 24, 2015 by elle
Accounting Principles I
I have been trying to figure this out forever and just can't. Here is the problem: Reported sales of $300,000 write-offs of uncollectible accounts of $10,000 against the allowance for doubtful accounts and a decrease in net accounts receivable of $40,000 during 2014. What ...
Friday, September 18, 2015 by Steph
Magoni secondary school
accounting. economic. business studies n maths literacy if am doing those subject wch career can l get plz help me
Saturday, September 12, 2015 by Sandra mukwevho
bought goods on credit from Tom with a list price of 2000, less 10% trade discount
Saturday, September 12, 2015 by Anonymous
Event: One stockholder reported to the company that 330 shares of his East Hill stock had been sold and transferred to another stockholder for $3,700 cash. what effects does this event have on the balance sheet of a company? How do I input this in the balance sheet (asset= ...
Friday, September 11, 2015 by linda
Intermediate Accounting
cheery Company follows IFRS for its financial reporting. On January 1, 2015 Cheery issued $250 million of 10-year convertible notes that pay interest at 5% annually. Investors pay $250 million for the notes even though the company's credit risk at the time implies a 10% ...
Tuesday, September 8, 2015 by Dianna
XO company sold merchandise on account to Brandy company, $14000 , terms FOB shipping point, 2/10, n/30. XO company paid transportation costs of $350, which were added to the invoice. The cost of the merchandise sold was $8000
Tuesday, September 8, 2015 by Miaa
Department S had no work in process at the beginning of the period , 18,000 units were started during the period, 2,000 units were 30% completed at the end of the period, and the following manufacturing costs were debited to the departmental work in process account during the ...
Thursday, September 3, 2015 by Andrew
The Major Issue in inventory accounting is: A. determining whether to take inventory using cycle counts as opposed to counting all inventory only at the end of the year. B. deciding whether to maintain records on a periodic or perpetual basis. C. determining what goods to ...
Thursday, August 20, 2015 by Dianna
surplus better off than deficit worse off
Monday, August 17, 2015 by Happy
to what extent a country that runs a consistent balance of payment surplus "better off" than is counterparts running deficit?
Monday, August 17, 2015 by Happy
Samantha owned 1,000 shares in Evita, Inc. an S corporation, that uses the calendar year. On October 11, 2010, Samantha sells all of her Evita stock. Her basis at the beginning of 2010 was $60,000. Her share of the corporate income for 2010 was $22,000, and she receives a ...
Saturday, August 15, 2015 by Jay
What Career Iwill Have To Choose If I'm Doing Maths Lit And Accounting After Grade12
Saturday, August 15, 2015 by Asanele Ngxito
In the context of determining fair value, the exit price refers to: A. The amount the firm would receive if it sold a given asset. B. Amount the firm would pay if it bought an asset of the same type and condition as the one being valued. C. Sum of the future cash flows ...
Wednesday, August 12, 2015 by Anthony
Revenue is earned when: A. Contract is signed by both parties B. The seller substantially completes performance required by an agreement C. Buyer completes payment required under an agreement D. The buyer accepts delivery and completes required payments. Answer: D
Tuesday, August 11, 2015 by Anthony
Fundulwazi(mathematical literacy, CAT, Economics and Accounting )
what career can i follow with these subjects? (Mathematical Literary, Economics, Accounting and CAT)
Monday, August 10, 2015 by Precious
Maths Lit, Accounting, Economics, Business Studies
I am a grade 10 learner doing Maths Literacy, Accounting, Business Studies, Economics, Life Orientation, English and Afrikaans I want to know what Degree I can study in University and also to check what career path I would be able to do.
Wednesday, August 5, 2015 by Andy
frustrated been working on this for over three hours and now my mind has drawn a blank help please. Meriden Company has a unit selling price of $500, variable costs per unit of $250, and fixed costs of $202,750. Compute the break-even point in units using the mathematical ...
Tuesday, August 4, 2015 by Anoymous
A doctor's office paid $18,000 on insurance for a full year. What will be the balance of the prepaid expense after 8 months?
Monday, August 3, 2015 by delmara
Managerial Accounting
Doughboy Bakery would like to buy a new machine for putting icing and other toppings on pastries. These are now put on by hand. The machine that the bakery is considering costs $78,000 new. It would last the bakery for ten years but would require a $9,000 overhaul at the end ...
Saturday, August 1, 2015 by Kat
Managerial Accounting
Inmelt Corp charges price of $6.50. Total Fixed Cost is 314,400. per year, break-even point is 131,000 units. What is the variable cost per unit.
Saturday, August 1, 2015 by Anonymous
financial accounting
want to know sbp bsc ratio analysis 2010 to 2014
Friday, July 31, 2015 by amina
Managerial Accounting
Direct materials: 7 microns per toy at $0.32 per micron Direct labor: 1.2 hours per toy at $6.80 per hour During July, the company produced 4,600 Maze toys. Production data for the month on the toy follow: Direct materials: 70,000 microns were purchased at a cost of $0.31 per ...
Friday, July 31, 2015 by Kat
I got the first two parts of this three part question figured out but I can't figure the last part here it is Duggan Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are expected to total $327,600 for the year, and machine ...
Thursday, July 30, 2015 by Anoymous
What entry in account journalizing this would be: Mr. W made a additional payment of 2k by issuing a 60 day note. Thank you!
Wednesday, July 29, 2015 by Colleen
Accounting,business studies,economics,math literacy
What kind of job can i get ?
Tuesday, July 21, 2015 by Sinethemba
maths lit,economics,accounting,tourism,busine stud
i am doin these subject...an i wanna do financial management.is it possible for me without mathematics
Tuesday, July 21, 2015 by zola
If fixed costs are $700,000 and the unit contribution margin is $17, what amount of units must be sold in order to realize an operating income of $100,000?
Sunday, July 19, 2015 by chrissi
accounting,economics,maths lit and business studies
which career can i choose if i'm doing this career,help me please
Saturday, July 18, 2015 by Nomfundo
Assume that Esquire consulting erroneously recorded the payment of $30,000 of dividends as salary expense. How would this error affect the equality of the accounting equation? How would this error affect the income statement, retained earnings statement balance sheet and ...
Friday, July 17, 2015 by jasmine
(Accounting standards-setting bodies) Three accountants started talking about hospitals. One said he was treated at a not-for-profit hospital, another said she was treated at a county hospital, and the third said he had just returned from the hospital run by the U.S. Veterans ...
Wednesday, July 15, 2015 by Angie
what are the course can I study with maths literacy, accounting, business studies and economics
Tuesday, July 14, 2015 by Nhlamalani
Strandfontein S.S.S.
I would like to know some option of careers i can do with following subjects including to become an air hostess pls? My June 2015 results is as follow but my percentages were higher for 1st term and i dropped between 5% - 9% in all subjects English 71% Afrikaans 59% Life ...
Saturday, July 11, 2015 by Cindy W


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Saving my political azz , 'til the government does me, Diorama's!
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text:
|VIEW THE MOBILE VERSION of www.breeds.ca
| Informational
Most ViewedThe Bullfinch
Look at the bright colours of this beautiful little bird: y...
The Flamingo
Is not this a beautiful bird, though rather singular in its...
The Swan
You are no doubt well acquainted with this beautiful bird, ...
The Kestrel
This picture represents the kestrel, one of the smallest an...
The Albatross
This is the largest of all sea-birds, and you are not very ...
The Eagle
The Eagle is often called the King of Birds, and therefore ...
The Duck
There is so much that is interesting to tell you about the ...
The Vulture
This strange looking bird is also a bird of prey; but it fe...
The Robin Redbreast
Every little boy and girl well knows this pretty little bir...
The Quail
The quail is the smallest of the poultry tribe, and is a pr...
Least Viewed[illustration: The Goose]
Amongst the Romans this bird was held sacred to Juno, their s...
The Pheasant
This beautiful bird comes originally from the East, and tak...
The Magpie
The Magpie is a very pretty and cunning bird. It is easy to...
The Lapwing
This little bird which is often called the Pewit, from its ...
The Goose
Have you not often heard people say "as silly as a goose"? ...
The Owl
This solemn looking bird is seldom to be seen by day. It is...
The Quail
The quail is the smallest of the poultry tribe, and is a pr...
The Robin Redbreast
Every little boy and girl well knows this pretty little bir...
The Vulture
This strange looking bird is also a bird of prey; but it fe...
The Duck
There is so much that is interesting to tell you about the ...
The Robin Redbreast
Every little boy and girl well knows this pretty little bird. His bright
eyes and rosy breast delight us even before we hear his lovely song. And
do you not remember that when the babes in the wood were left alone, to
die, by that cruel robber, after wandering about till they were so weary
that they lay down and slept the sleep of death, it was the Robin
Redbreast who "painfully did cover them with leaves." One would think
the robin must be very fond of little boys and girls. One thing I am
sure of, and that is that they love him very dearly, that they delight
in the very sound of his name, that they scatter crumbs upon the window
sill for him in winter, and that they would not disturb his nest for
all the world.
Robins are not very often to be seen in the summer, for they fly far
into the depths of woods and lonely places to rear their young. So
amongst the chorus of sweet singers who make melody when leaves are
green it is not very common to hear the voice of the robin, though he is
said to sing very constantly by the side of his mate, whilst she sits
upon her eggs or broods over her young ones. But in autumn, Robin comes
nearer the abode of man, and it is difficult then in country places to
skirt a field or wander in a lane, without seeing a brisk little bird
with ruby breast perched upon the hedgerow, pouring forth a sweet and
gentle song. This is the robin, and we love his notes all the more at a
time when few other birds still sing. Nay, even in the winter when, the
Nightingale and many other warblers have left our shores to spend the
chilly months in some warmer climate, the robin only draws nearer to our
homes, makes his abode in our gardens, pecks up the crumbs at our very
doors, nay, often finds his way into our houses, and rewards every
kindness shewn to him with the same sweet flood of song that he poured
forth amidst the woods in the days of summer. Many very pretty stories
are told of different robins who have been tamed by kindness until they
seemed to lose almost all that fear of man which is generally so
striking in birds.
"The birds of heaven before us fleet."
I have heard of one who came to live almost entirely in the chamber of a
sick gentleman, and grew very fond of ground rice pudding, which was a
favourite invalid dish. But the out-door feeding of robins is not so
dainty in general, and I am sorry to tell you that, by those who have
taken pains to watch robins, and study their wild habits, these birds
are found not only to prey on live worms, which is natural enough, but
also to spend much time and trouble to prepare the poor things for food,
in a way that must be any thing but agreeable to the victims. For the
robin does not eat the whole worm, only the outer skin, and, to get rid
of the inner part, Mr. Robin takes the worm in his bill and dashes it
about on a stone with great skill until he has effected his purpose. He
is also a very pugnacious bird; that is he is very fond of fighting, I
am sorry to tell you, but such is really the case. He will not allow
other robins to build in the same bush with him. He never joins himself
in friendly company with his fellows, and on occasion he can fight very
heartily: so heartily that a lady who writes much that is delightful, of
birds, and amongst them of robins, tells the following story. She was
once sitting with a family party, when a cat rushed in with two robins
in her mouth, which she had pounced upon in the garden whilst they were
engaged in such a desperate battle that they did not see their enemy at
hand. One head stuck out at each side of puss's mouth, but of course she
was instantly seized and forced to let go her prey, when both robins
flew away as if not much hurt. But for all this Robin Redbreast is a
very charming little fellow, and well deserves a warm place in your
Some years ago a pair of robins took up their abode in the parish church
of Hampton, in Warwickshire, and affixed their nest to the church Bible
as it lay on the reading desk. The vicar would not allow the birds to be
disturbed, and, therefore, provided another Bible. Another instance is
related where a clerk, in Wiltshire, found a robin's nest, containing
two eggs, under the Bible on the reading desk. The bird was not
disturbed, and laid four more, which were hatched in due season. The
cock-bird actually brought food in its bill and fed the young brood
during Divine service.
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