text:
Visa (NYSE:V)
Q1 2012 Earnings Call
February 08, 2012 5:00 pm ET
Jack Carsky - Global Head of Investor Relations
Joseph W. Saunders - Executive Chairman and Chief Executive Officer
Byron H. Pollitt - Chief Financial Officer and Principal Accounting Officer
Craig J. Maurer - Credit Agricole Securities (NYSE:USA) Inc., Research Division
Darrin D. Peller - Barclays Capital, Research Division
Glenn Fodor - Morgan Stanley, Research Division
Tien-Tsin T. Huang - JP Morgan Chase & Co, Research Division
James E. Friedman - Susquehanna Financial Group, LLLP, Research Division
Bryan Keane - Deutsche Bank AG, Research Division
Rod Bourgeois - Sanford C. Bernstein & Co., LLC., Research Division
David Togut - Evercore Partners Inc., Research Division
Kenneth Bruce - BofA Merrill Lynch, Research Division
Julio C. Quinteros - Goldman Sachs Group Inc., Research Division
Bill Carcache - Nomura Securities Co. Ltd., Research Division
Welcome to Visa Inc.'s Fiscal Q1 2012 Earnings Conference Call. [Operator Instructions] Today's conference is being recorded. If you have any objections, you may disconnect at this time. I would now like to turn the conference over to your host, Mr. Jack Carsky, Head of Global Investor Relations. Mr. Carsky, you may begin.
Jack Carsky
Good afternoon, and welcome to Visa Inc.'s Fiscal First Quarter 2012 Earnings Conference Call. With us today are Joe Saunders, Visa's Chairman and Chief Executive Officer; and Byron Pollitt, Visa's Chief Financial Officer. This call is currently being webcast over the Internet, and can be accessed on the Investor Relations section of our website at www.investor.visa.com. The replay of the webcast will also be archived on our site for 30 days. A PowerPoint deck containing highlights of today's commentary was posted to our website prior to this call.
Let me also remind you that this presentation may include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. By their nature, forward-looking statements are not guarantees of future performance. And as a result of a variety of factors, actual results could differ materially from such statements. These include setbacks in the global economy and the impact of new financial reform regulations.
Additional information concerning these factors is available in our last 10-K on file with the SEC. It can be accessed through the SEC website and in the Investor Relations section of our website. For historical non-GAAP or pro forma-related financial information disclosed on this call, related GAAP measures and other information required by Regulation G of the SEC are available in the financial and statistical summary accompanying today's earnings press release. This release can also be accessed through the Investor Relations section of our website.
And with that, I'll turn the call over to Joe.
Joseph W. Saunders
Thanks, Jack. And as always, thank you for joining us. I plan to walk you through 3 key areas during today's call. First, I'll provide a brief update on Visa's financial performance and outlook, including some perspective on key environmental and event-specific factors that could impact our business over the balance of fiscal 2012.
Following that, I'll walk through our progress of growing Visa's core business both in the United States and internationally, including an update on U.S. debit. And finally, I'll discuss Visa's investments and innovation, which can help us expand our core business and generate new revenue streams.
Visa's global enterprise outpaced our own expectations during the first quarter, an encouraging opening to our fiscal year. Net operating revenues were $2.5 billion, a 14% increase over the same period last year. These revenue gains were driven by robust growth in our international businesses, continued resilience in U.S. credit, sustained cross border spending and strong e-commerce growth. Net income for the quarter was $1 billion, a 16% increase over last year. This equates to diluted earnings per share of $1.49 or a 21% increase over the first quarter of 2011.
Overall, our first quarter performance clearly demonstrates the strength and resilience of Visa's global model and our ability to grow even in a challenging global economy. While we look ahead to the rest of fiscal 2012, it is clear we must carefully navigate a complex and uncertain business environment.
We see signs of modest global GP -- GDP expansion for the rest of our fiscal year, with emerging markets continuing to grow at rates faster than the global average. That being said, we are closely watching the economic conditions that could impact our business, including continued volatility in Europe.
Additionally, we are still working through the implementation of debit regulation in the United States. I will provide details shortly. But it's fair to say, the dust is still settling.
Overall, Visa is successfully executing its plan, and I continue to be encouraged that the net impact is consistent with our guidance outlook.
Taking these macro and issue-specific factors into account, as well as our better-than-expected first quarter, we are raising our FY '12 revenue guidance to low double-digit growth from high single to low double-digit growth and our adjusted diluted earnings per share guidance from mid to high teens to just high teens.
As I stated last quarter, we are reaffirming our belief that 2012 will take the brunt of the impact related to the U.S. debit regulation, and growth in 2013 will accelerate off of 2012 levels. And based on that outlook, we continue to deliver our commitment to return excess cash back to shareholders.
We used $1.6 billion of our operating cash to reduce the as-converted Class A common stock by 16.2 million shares during the 3 months ended December 31, 2011. Of the $1.6 billion, $75 million was used to repurchase Class A common stock in the open market, while we deposited $1.57 billion of our operating cash into the litigation escrow account previously established under the retrospective responsibility plan.
Looking ahead, our board has authorized an additional $500 million share repurchase authorization.
Before moving on to our business update, I'd like to briefly address the merchant litigation in the United States. Although I'm constrained to discuss the details due to the confidential mediation process, I can tell you that I believe that with the court's assistance, progress is being made towards resolution of all issues. After our latest escrow deposit in December, we now have an uncommitted balance of $4.3 billion in our litigation escrow account, which is consistent with our view of the current status of mediation discussion.
Visa is unwilling to agree to any significant or long-term credit interchange rate reductions or any settlement agreement that doesn't provide a full resolution to that and other key issues. Although progress is being made, there are uncertainties, which continue to exist. And accordingly, in our judgment at this time, the company believes that the loss is not probable and estimable under GAAP.
Now let's turn to the business update. During the first quarter, Visa continued to accelerate the migration to digital currency by successfully executing our growth strategy of expanding our core credit, debit, prepaid and commercial businesses, expanding acceptance, extending our international reach and aggressively investing in innovative next-generation payment technology.
Worldwide, Visa's credit and debit payment volumes grew 12% and 9%, respectively, on a constant dollar basis this past quarter.
In the United States, volumes on all Visa products grew 7% during the quarter. In regard to our U.S. debit business, I feel very good about where we are and the progress we've made adapting our business to the new debit regulation. We are making the best of an obviously negative event.
That being said, I'd like to share some important observations. Historically, we have always been a clear leader in the U.S. debit market and thus, are the primary participant with downside risk. As we have acknowledged previously, regulation will reduce Visa's U.S. debit volumes. The new legal requirements are changing competitive dynamics and requiring all issuers to place competitive marks on their cards in order to comply with the law. While the law doesn't require compliance until April, some issuers have already begun to make a change.
The deceleration of our U.S. debit volume growth during the first quarter was early sign of this impact, driven by slower growth in PIN transactions and an expected deemphasis by issuers of debit card marketing and debit rewards programs.
A key driver of this slower growth was one major financial institution's decision to remove Interlink from the back of their cards, which began in the fall as part of their own plan to comply with the regulation. They and Visa will be able to compete for PIN transactions with the PIN authentication available on Visa check cards.
While we are taking these impacts seriously, let me also be clear about a few additional facts that give me confidence about our long-term growth as we advance our debit strategy in the new environment.
To begin with, we are making steady progress advancing our strategies with issuance and merchant routing. We are aggressively pursuing a backup card strategy that adds Interlink to many existing cards that currently carry competitive brands. In fact, we're poised to sign new agreements with major financial institutions to secure backup card placement. We look forward to updating you on our progress securing these decisions in the coming quarter.
At the same time, we remain on track to maintain our front of card issuance relationships, and in fact have extended the majority of those major relationships to 2015 and beyond. Signature transactions generate a far larger share of our U.S. debit revenue and offer greater revenue yields. This is particularly important as we see no sign of a wholesale shift to PIN debit by the merchant community and our signature debit volumes were resilient during the first quarter.
On a parallel track, we are moving forward with strategies to compete for merchant routing decision. One key aspect of that plan is Visa's previously announced program for modified acceptance economics in the United States, which we believe will offer merchants greater incentive to route transactions over our network and an opportunity to lower their per unit transaction's cost. As a next step in our implementation plan, we will share specifics with acquirers and merchants later in the month.
Our updated 2012 guidance takes all of these factors into account, including some loss of debit share and I'm confident that we have appropriately scoped the impact of Durbin.
As stated earlier in my remarks, we expect that 2012 will take the brunt of the impact related to U.S. debit regulation and we still expect growth in 2013 to accelerate off of the 2012 levels.
Bottom line, I'm confident we are moving in the right direction. We have a smart debit strategy and we are executing it successfully.
Now let's focus on credit products in the United States, which performed very well during the quarter. Payment volumes increased by 10%, the eighth consecutive quarter of positive growth and third consecutive quarter of double-digit performance in that category. Additionally, affluent credit in the United States post a particularly strong payment volume growth, increasing more than twice as fast as the overall category during the 2 most recent quarters.
A key differentiator and important contributor to our success is our unsurpassed portfolio of co-brand products, which are also outperforming the category and clearly driving consumer loyalty and gaining further traction in the market. We also grew our portfolio by building on existing long-term relationships and winning several important new U.S. credit mandates during the quarter, and are excited for those to appear in the market in the near term.
Prepaid also continues to be another area of strength, posting robust volume growth during the first quarter. We signed a number of agreements that will drive future growth, including multiple mandates in 2 of the fastest-growing segments in the prepaid category, general purpose, reloadable cards and employee benefit programs.
For example, we extended our relationship with Green Dot, the largest program manager in prepaid. In addition, our government prepaid programs continue to thrive. The Washington D.C. Department of Employment Services recently announced that all new recipients of unemployment insurance benefits will have the option to receive automatic payments on Visa prepaid cards.
In addition, we recently added Connecticut, South Carolina, Georgia and Louisiana to the list of states offering programs to distribute state income tax refunds on Visa prepaid cards.
Overall, approximately 40 states are using or are in the process of implementing Visa prepaid card programs to disperse a range of benefits through more than 80 programs. In fact, approximately 30 of 38 state unemployment insurance card programs and 31 of 49 state child support programs can be delivered off Visa cards today. Building on that, we are rapidly expanding our government activities to key geographies worldwide.
Now let's turn to Visa's International business, which continues to be an increasingly important growth driver for our organization. International geographies posted healthy payment volume gains of 15% on a constant dollar basis and drove approximately 66% of Visa's revenue growth this quarter, and now, represent 46% of Visa's net revenue. This means we continue to make steady progress towards our stated goal of deriving 50% of Visa's revenues from International businesses by 2015.
Yet again, our performance in Latin America stands out with continued strong growth. Payment volumes grew by 22% on a constant dollar basis during the quarter, and we are building on that momentum by winning several important client mandates.
In Mexico, Visa signed an extensive partnership contract with BBVA Bancomer to expand our long-standing relationship across a broad suite of products and services. This client is Visa's largest issuer and acquirer in Mexico, as well as the largest financial institution in the country.
Turning to CEMEA. We were pleased to win a major long-term mandate with Al Rajhi Bank, covering around 50% of all payments volume in the Kingdom of Saudi Arabia. The agreement, the largest we've ever signed in the Middle East, is exclusive for debit and prepaid and covers the vast majority of that institution's credit product.
We're also continuing to invest in the long-term growth of Africa. Without question, Visa's existing product offerings and our unrivaled network provide us with a strong foundation to push our financial inclusion agenda forward. Additionally, Fundamo and our partnership with Monitise, provide us with a footprint and technical expertise in emerging economies. I firmly believe no organization is better positioned than Visa to lead forward the migration to digital currency on the African continent.
An example of our progress was our November launch of a prepaid account that can be accessed through a mobile phone, offering consumers in developing countries a secure, reliable, globally inter-operable electronic payment account. MTN group, a leading telecommunications provider in Africa and the Middle East, plans to offer the new Visa product to MTN MobileMoney customers across its markets. As part of the launch, the new product will first be available to customers in Nigeria and Uganda.
Additionally, Fundamo is supporting our unique partnership with the Rwandan government to drive access to financial services for our consumers in that country.
And in Asia Pacific, we continue to build steady momentum in our prepaid business with 2 prominent examples coming from Australia during the quarter. With Australia Post, we executed a multiyear exclusive agreement for their general-purpose, reloadable and travel products.
We also want to mandate with ANZ, where a multicurrency travel program allowing consumers to load up to 10 different currencies on a single card and lock in exchange rates, giving a cardholder even greater control over their travel budget. Importantly, Visa processing services was a critical part of our agreement with ANZ helping advance Visa's overall strategy of expanding processing penetration worldwide.
Lastly, let's talk about Visa's innovation agenda. We continue to invest in new technologies that will increase the number of transactions on our core business products, add incremental value to the merchant community and create new revenue opportunities for both Visa and our clients.
In the United States, Visa is focused on offering consumers a seamless and secure payment experience, whether they're paying at a point-of-sale, with a card or phone or buying digital or physical goods online. The key to that approach is V.me, our newly branded wallet service in global acceptance mark, which is a top priority for the organization. And we are moving swiftly towards broad commercial availability in 2012.
As I said previously, our top priority with V.me is to advance our Click-to-buy and Touch-to-buy functionalities, including aliasing capability. This functionality will immediately increase ease-of-use and convenience for consumers while offering merchants and financial institutions the greatest business value. Longer term, V.me will offer our clients a range of payment-related capabilities that can be tailored to meet each organization's specific needs.
So where are we? During the quarter, we took an important step towards consumer availability, initiating a beta version of V.me with close to 1,000 Visa employees and certain key partners. In the coming weeks, we will be expanding the beta group and start the implementation with a few brand-name merchants. Of course, scaling V.me will require buy-in from the broad merchant acquirer and issuer community.
To that end, we are directly engaged with more than 100 major merchants to discuss and test the product. We are also integrating V.me with our CyberSource gateway, which will quickly enable access for 380,000 online merchants. In addition, we will extend this capability through our other acquirers and reseller partners.
At the same time, we are engaged in productive conversations with several major issuers, who are showing genuine enthusiasm for the product as an offering for their clients. I look forward to providing updates in the coming quarters.
We are also making platform enhancements that pave the way for broad adoption of the payment-related services on mobile devices in the near term. Today, we announced that hundreds of financial institutions using a combination of Visa issuer processing platform, Visa DPS, and monetize global applications, can immediately offer a range of payment-related mobile services to their account holders. These can be accessed via almost any mobile device and operating system. This effectively makes our DPS platform a one-stop shop for mobile services within the issuing community.
Immediately available services, include monitoring account balances, transferring funds between accounts and instant alerts on mobile devices. And we have plans to deploy additional offerings, including mobile check deposit, NFC payments, mobile offers and support for V.me.
We are also investing in mobile money solutions outside the United States. Here, Fundamo is a key to our efforts as they are a global leader in deploying mobile payment platforms for developing markets worldwide. During the quarter, Fundamo secured deals with mobile operators and banks in several geographies around the globe, including Nigeria, Indonesia, Bangladesh and Pakistan.
On the e-commerce front, Visa is clearly benefiting from an increasingly strong secular trend towards online shopping, and our acquisition of CyberSource have placed them, favorably positioned Visa to accelerate that growth. In fact, CyberSource's billable transactions totaled 1.2 billion, a very strong 25% growth rate over the same period a year ago.
We secured a number of new business wins with major partners in the United States, including American Apparel, AutoTrader.com and ShutterPlay. Outside the U.S., CyberSource continues to gain traction.
For example, in China we've expanded our relationship with 99Bill, one of that country's leading electronic-payment service providers, a prime example of how Visa is partnering with leading local providers to deliver value to the payments ecosystem in that country.
99Bill has just gone live with CyberSource's broad management solution, CyberSource Decision Manager, and is using CyberSource services to complement their existing security systems to process cross border transactions safely as they expand business overseas.
So to sum up, Visa has continued to demonstrate the underlying strength of our business model. Visa continues to grow. We have expanded our core business lines. We have expanded our footprint in international markets both emerging, established. We have increased our investments in innovation to help us carve out new revenue streams for the future. And we have taken important steps in our relationship with the merchant community to help foster greater cooperation in the future.
Each of these achievements helps us continue to deliver against our stated mission of offering more payment choices to more people in more places around the world.
And now, I'd like to turn the call over to Byron, who will walk you through the financial details of our quarter. And then we could take some of your questions. Byron?
Byron H. Pollitt
Thank you, Joe. I'll begin with some overall observations and call-outs. First, Visa's 14% net revenue growth in the first quarter was once again broad based and encouraging, with solid 8% growth in the U.S. and a very strong 22% growth rate in rest of world. Approximately 66% of the quarter's revenue growth came from outside the United States, and non-U.S. revenue in the quarter was 46% of Visa's total.
Second, U.S. revenue growth has been supported by 8 consecutive quarters of positive credit unit volume growth. Most recently, the months of November, December and January comped at 12%, 10% and 10%, respectively, which continued the strong growth we have now seen for 2 years.
Third, client incentives for the quarter as a percent of gross revenue were 16%, below our full year guidance, as a result of lower-than-anticipated Durbin-related incentive and a lower level of deal activity in the first quarter versus the out quarter.
Fourth, note that we are reporting the quarter using a 36% tax rate, above our full year guidance of 33% to 34% on an adjusted basis. We will begin reporting at this lower level once California officially adjusts its tax rate calculation, which we anticipate will be in fiscal Q2.
Finally, fifth, for EPS calculation purposes, the as-converted share count reduction, driven by the escrow deposit took effect on December 29 and therefore, had no noticeable impact on the fiscal Q1 EPS calculation, but will have a full effect for the balance of the year.
Now let's turn to the numbers. As is our practice, I will cover our global payment volume and processed transaction trends for the December quarter followed by our results through the end of January. I'll then cover the financial highlights of our fiscal first quarter and conclude with our guidance outlook for fiscal 2012.
Global payment volume growth for the December quarter in constant dollars was 11%, modestly below the September quarter's 13%. We saw the following breakdown in the December quarter: in the U.S., payment volume growth was 7%, a modest decrease from the 9% growth we saw in the September quarter. This was comprised of 10% credit growth and 5% debit growth. So we are beginning to see some modest effect on debit from the recently-enacted bed [ph] rules.
Rest of world payment volume on a constant dollar basis grew at 15%, supported by double-digit growth rates in both debit and credit.
More recently, in the month of January, U.S. payment volume growth came in at 7%. Credit growth was 10%, while debit was 4%. Although not yet available based on the trends we saw during the fourth quarter, we expect rest of world payment volume growth will continue to exceed the U.S. by a comfortable margin.
Global cross border volume delivered a solid 13% growth rate on a constant dollar basis in the December quarter, with the U.S. growing 11% and the rest of world 14%.
The recovery of inbound travel to Japan, the Middle East and North Africa continues, and the longer-term sustainability of these trends appears to be on track. In January, cross border volumes on a constant dollar basis grew 15%, with uptick in the U.S. growth rate to 13% and rest of world to 17%.
Transactions processed over Visa's network totaled 13.6 billion in the fiscal first quarter, an 8% increase over the prior year period compared to 9% growth in the September quarter. Here again, we are beginning to see the impact of the new debit rule.
For the month of January, processed transaction growth moved back up to 9%.
Now turning to the income statement. Net operating revenue in the quarter was $2.5 billion, a 14% increase year-over-year, driven by strong growth in global payment volumes, better-than-expected data processing revenues and lower-than-anticipated client incentive.
The foreign exchange impact on net revenue in the quarter was a positive 1%.
Moving to the individual revenue line item. Service revenue was $1.2 billion, up 14% over the prior year period. This is reflective of strong payment volume growth in the September quarter. Data processing revenue was $951 million, up 13% over the prior year's quarter based on strong transaction growth rates for both Visa processed and CyberSource transactions.
On that note, CyberSource posted a 25% gain in transactions over the prior year's quarter, benefiting from Visa's e-commerce transaction growth, which approximated 24% for the quarter.
International transaction revenue was up 19% to $748 million, reflecting continued strength in cross border volume, above average currency volatility during the period and modest strategic pricing adjustments outside the United States.
As I highlighted earlier, client incentives came in at 16%, below the range of our full year guidance, but consistent with our full year outlook at 17% to 18%.
Total operating expense for the quarter was $929 million, up 7% from the prior year. This was primarily due to higher personnel, network and processing costs associated with investments in our growth strategy. Our operating margin for the quarter was 64%, ahead of our full year guidance of about 60%. This is largely due to expense timing as we expect a ramp-up in investment spending and marketing associated with the Summer Olympics.
Capital expenditures were $66 million in the quarter. We expect CapEx to ramp up over the course of the year and remain comfortable with our current guidance of $350 million to $400 million for the year.
Finally, as noted earlier, our tax rate for Q1 was 36%. However, we expect the benefits previously discussed from a lower state rate and foreign tax credit to be applied in future quarters' results, retroactive to Q1. Thereby, more accurately reflecting our full year guidance of an adjusted 33% to 34% range.
As Joe mentioned, we were active buyers of our stock during the quarter, repurchasing approximately 800,000 shares at an average price of $89.91 in the open market. The escrow funding of $1.57 billion, resulted in a change with the conversion rate of the Class B share, which equates to a reduction in the as-converted Class A common stock of 15.4 million shares effective December 29.
At the end of the December quarter, we had 672 million shares of Class A common stock on an as-converted basis, which incorporates the impact by the escrow funding and open market purchases. Fully diluted shares outstanding totaled 690 million for the December quarter.
Visa remains committed to returning excess cash to shareholders. And to this end, as Joe mentioned at the outset, our Board of Directors authorized a new $500 million share repurchase plan.
Finally, we are making 2 changes to our guidance for fiscal 2012. The outlook for net revenue growth is now in the low double-digit range. And for adjusted diluted EPS growth, it is now high teens. All other guidance metrics remain as presented last quarter.
As the year unfolds and we have additional clarity around the results of our Durbin debit strategy, as well as U.S. global and global economic momentum, we will be in a better position to refine this guidance as necessary.
And with that, operator, we are ready to take questions.
Question-and-Answer Session
[Operator Instructions] The first question comes from Craig Maurer with CLSA.
Craig J. Maurer - Credit Agricole Securities (USA) Inc., Research Division
I had a question on the tax rate beyond the current year. Could we see that fall below your adjusted 33% to 34% range considering the changes that are coming? And secondly, marketing was dramatically below what I was thinking about for the quarter. So I was hoping to get your thoughts there regarding what opportunities did present themselves in the quarter and if your thought process changed for the year.
Byron H. Pollitt
For tax, it's a little early to make that call since we've got this year to play out. But we will, rest assured, we will address tax guidance for the coming year in the next couple of quarters, which is our practice. With regards to marketing, no change. Think of this as timing. Our guidance hasn't changed. We have the Summer Olympics coming up, and we are rephasing our marketing spend to coincide better with the Olympics and the promotions that come in advance. So you should expect to see some movement on the marketing line in fiscal quarters 2 and 3 commensurate with that.
The next question comes from Darrin Peller with Barclays Capital.
Darrin D. Peller - Barclays Capital, Research Division
I mean volume trends looked like they've held up pretty well, especially into January. And now we have a guidance change especially on the -- on both the top line and on EPS. Do you think that the guidance is more -- or the change is more reflective of really more benign impacts of maybe the debit regulations as was included in your previous guidance? Or is it more macro-driven? And I guess just the follow-up question to that would be is there more room around the rebates? Maybe -- the 17% to 18% is just conservative on the rebates because maybe the debit environment or the Durbin environment effects were not as bad as expected?
Byron H. Pollitt
So let me take that. This is more a reflection of how some of the risks that Joe and I called out on the last quarter's earnings call, how some of those risks are playing out. Recognizing that we have a one quarter lag on our service fees, that means we've already got a line of sight into 7 months of that revenue. Cross border volumes have held up very well. With regards to both the U.S. and the global economy, both have demonstrated sustained momentum. The exciting drama unfolding in Europe has yet to really play out on the volumes. And so the guidance adjustments are more a function of having a portion of our year with a clear line of sight. And some of the risks we were most concerned about we're getting well into the fiscal year, and they haven't materialized to the degree that -- we had to at least contemplate when we gave the initial guidance.
The next question comes from Glenn Fodor with Morgan Stanley.
Glenn Fodor - Morgan Stanley, Research Division
Joe, thanks for the color on the issuer loss. Was this the ultimate result of a holistic view by the issuer that under no circumstances would they pursue a dual strategy? Or was this a case you wouldn't go as low as they wanted on price? And secondly, could you give us a sense of what portion of your exclusive PIN debit issuers still has to make a decision? What type of win rate have you assumed in your guidance?
Joseph W. Saunders
Well getting back to the particular issuer that we talked about, it was -- I think it's fair to say that it was just a decision about how they were going to comply with the law and knowing to a certain extent that accepting PIN numbers on signature cards as we've always done was an opportunity. I think it was just their way of rationalizing how they wanted to go forward. It weren't a price issue. And then what was the second part of the question? I'm sorry.
Byron H. Pollitt
How many still have to make a decision.
Joseph W. Saunders
Yes, on removing Interlink, I think most of them have made their decision. There is no other major issuer that has Interlink on the back of the card that's contemplating taking it off. And we have had several wins on putting the Interlink mark on the back of non-Visa debit cards, and that will manifest itself certainly no later than April 1. But I can't really talk about it. We're in the final stages of several contracts, and they don't like us to disclose who they are.
The next question comes from Tien-Tsin Huang with JPMorgan.
Tien-Tsin T. Huang - JP Morgan Chase & Co, Research Division
Everything looks really clean here. I just wanted to ask on the client incentives. Byron, you said they were running below the 4-year targets. Should we expect it to spike again around the April 1 exclusivity day? Just trying to get some help with the quarterly spread. And just as a follow-up to that, Joe, you said that the dust hasn't settled. Is it fair to interpret that to mean, how should I say it, that you haven't started playing defense yet with your MPS or the V PIN strategy? Are the issuers, and the acquirers to open the both? Just wanted to get a little bit of color on that.
Joseph W. Saunders
The second part of the question first. And then Byron can answer the first part of the question. When I said the dust hasn't settled, I also suggested that I'm very happy with how we've implemented our strategies and I am very happy about that, and things appear to be playing out quite well in that regard. But how we get to the end of the year and we see exactly what the actual results are, there is some ambiguity, although changing our guidance and expressing a degree of confidence would suggest that we're pretty happy with where we are and what's going on.
Byron H. Pollitt
Tien-Tsin, I would say that it's clearly weighted to the second half of the year after April 1. If you think in the context of -- a portion of these incentives are assigned to merchant routing, and they trigger when the routing is successfully sent Visa's way. That's going to weight a portion of the incentives that really hasn't -- that isn't as relevant in the first 2 quarters of the year relative to the second. And then the rate of deal activity, which has nothing to do with Durbin, but has to do with the ongoing course of our business, primarily credit, both in the United States and outside the United States, that level of deal activity was just less than we anticipated in the first quarter. And so that will just carry forward into quarters 2, 3 and 4. So we are -- we reaffirmed our guidance as 17% to 18%. We still feel good about that. No real call-outs, just timing.
The next question comes from Jamie Friedman with Susquehanna.
James E. Friedman - Susquehanna Financial Group, LLLP, Research Division
So Joe, you mentioned that you've been happy with your strategy implementation. Byron, you mentioned that the Durbin incentives were lower than you had modeled. I guess if you had to summarize it at this vantage point, has Durbin turned out to be better, worse or the same than you had originally contemplated?
Joseph W. Saunders
I think it's modestly better than what we had contemplated. I think that the implementation of our strategy has put us at the better part of that, which is what I've said about the regulation pretty consistently. So I don't -- I just -- I don't know how to put it in total perspective because as I said earlier, we got to see what happens. In some cases, there's been accelerated early adoption. And in some cases, there's been less early adoption. And I think it appears like it's going to even out, and it appears like things will occur in a manner that we've anticipated. When I say that, I'm not really factoring in the potential positive effect of some of the things that we've done to drive volume to us over time. And we will have to see how that works out with the -- through the acquirers and the merchant community.
The next question comes from Bryan Keane with Deutsche Bank.
Bryan Keane - Deutsche Bank AG, Research Division
I guess one question for Joe and then another for Byron. I guess Joe, what kind of impact do you expect in the model, with the change in pricing that's going to go on, on April 1? And I know it's going to be a change in pricing for all products. It's not just debit. I know it includes credit. I'm just curious on what kind of impact do you think it will have. And then Byron, when we look at the international revenues, they're now, for 2 quarters in a row, growing faster than the cross border volume growth. Is that just better pricing that we're getting? What is driving that phenomenon the past 2 quarters?
Byron H. Pollitt
So let me answer the international one first. So we reported nominal growth at 12%, and there was a 19% increase in revenue. Whenever there is significant above-average currency volatility, then our revenue stream trends up. And then -- and so that's the primary delta that you are seeing. It doesn't have anything to do with our pricing. It's much more a function of currency volatility, and that has largely been courtesy of Europe and the unfolding drama around the euro. With regards to -- let me see if I understand the question. On balance in U.S. debit, when you combine the fixed acquiring network fee with the lower variable transaction fees associated with U.S. debit, this constitutes a net price reduction. And that has been completely folded into our guidance.
The next question comes from Rod Bourgeois with Bernstein.
Rod Bourgeois - Sanford C. Bernstein & Co., LLC., Research Division
So have your common switch plans and network participation fee plans met any meaningful obstacles? And could you provide more specifics on how the common switch and network participation fee will be implemented presumably in coming months here?
Joseph W. Saunders
I think that what we've done, we've announced 2 quarters ago, and we've consistently talked about, I think any time you change the paradigm that there's probably some consternation somewhere along the way. But in general, we've met with -- it's been pretty benign, and we've met with favorable receptivity. I would say out of our largest merchants, there are a significant number of them that have signed contracts with us that anticipate the fixed fee. And they're fine with it. I mean I suppose that doesn't mean that they won't complain about it later, but that's kind of the history of our business. As it relates to that, we're putting -- officially we'll put out the specifications for that in about the -- in the next week. As it relates to activate -- fully activating the PIN capability on the Visa debit card, that would begin on April 1. And all of those things are going along as we anticipated, as we had planned. We're very happy with the way that it turned out. And as you might expect, I mean there's been a lot of water that's gone under the bridge. They're both complicated paradigms. As Byron says, we feel that we're in a much better position in the long run with a modest fixed fee and a lower variable fee. We believe that, that suits merchants in a much more compatible way than in the past because they can take advantage of economies of scale. It is not price increases. As we speak today, as it relates to the PIN capability on the signature cards, that seems to be the way things are moving. It's a capability that we have, and we're very comfortable with that as well.
The next question comes from David Togut with Evercore Partners.
David Togut - Evercore Partners Inc., Research Division
Joe, could you highlight some of the innovation you have planned on the credit side? You indicated that a credit volume growth was twice what debit was in the U.S. in December and much of the growth came from the affluent. So how do you see the competitive battle shaping up in U.S. credit versus MasterCard particularly on the affluent side?
Joseph W. Saunders
Well when I look back over the last 2 or 3 years, I mean I'm very comfortable with how we fared and what we've done. Based on the number of things that I talked about in my remarks, I'm very bullish on where we're going to wind up in 2012 as a result of some new transactions that are on the cusp of occurring. That doesn't mean that I don't consider MasterCard to be a formidable competitor because they are. It doesn't mean that every time we get involved in a transaction, that we'll win and they'll lose. But I'd have to say as it regards to credit, we're in a pretty good position. Remember, we've talked the last 2 quarters about the United-Continental merger and our win in that regard. I think as I mentioned in my remarks, we have the best array of co-branded partners, period. And that is what's driving a lot of the growth. So we feel like we're in a very good position. We don't feel that, that's a position through which we can rest on our laurels. We do believe that V.me and the wallet and the single click is going to make a difference in the credit card world, as well as the debit card world. So I think we're trying to move forward in a very measured way and we're pretty excited about our prospects. And the same goes for our international business.
The next question comes from Ken Bruce, Bank of America Merrill Lynch.
Kenneth Bruce - BofA Merrill Lynch, Research Division
My question actually kind of follows on to that, to the last one in. In terms of the trends that you see within debit and credit, is it -- are you able to tell if this growth in credit is -- whether it be affluent or a broader growth in credit usage or if there's actually consumers making a conscious choice to pick up a credit card versus a debit card? Just as you think about those different trends, are you seeing anything that is fundamentally where consumers are choosing a credit card over a debit card or if it's just that a selection that issuers are pushing more credit cards versus debit?
Joseph W. Saunders
Well remember the credit card volume has been growing quite robustly for several quarters now. And so you certainly couldn't attribute what's happening in that product totally to Durbin and people switching. And it's too early to tell, looking at the volumes exactly, what kind of switch there may be. Anecdotally, of course you know that rewards have been removed from debit cards and rewards exist on credit cards. So there are probably -- I mean just logically, you have to assume that there's some movement in that regard. Some of that is constrained by the credit worthiness of individuals and their credit lines. And so it's pretty complicated environment and it's a little bit difficult to say. Obviously issuers seem to be pushing their credit businesses a little bit more strongly or a lot more strongly than they do their debit businesses at this point in time, which is what one would expect. So I think that the jury is still out about how much something moves from one to the other. But I think it's pretty clear that you're going to see strong credit card growth at least from Visa in the foreseeable future.
The next question comes from Julio Quinteros with Goldman Sachs.
Julio C. Quinteros - Goldman Sachs Group Inc., Research Division
Byron, this is directly for you. I guess just in terms of the numbers, and I apologize if I missed any of this. But the 9% processed transaction gross versus the 13% data processing revenue growth, obviously, the effects of Durbin and some of the impacts there on debit are a big part of the decline of processed. But the spread relative to the revenue growth was actually much better than expected. So just some color in terms of why that spread went the way that it did and for how long would this actually continue to persist before you see that in your portfolio anniversary?
Byron H. Pollitt
So the debit processing fees grew at 8%, but we reported at the gross level data processing fee growth of 13%. Of that delta, I would say 60% of it is due to the addition of CyberSource and PlaySpan transactions into the data processing line. And the other 40% is due to value-added services that show up in the other fee category of data processing. And so those are -- that explains 100% of the premium that we are earning above the growth -- underlying growth in data processing transactions. And I would expect that, that premium -- certainly, the CyberSource and PlaySpan piece will continue. We'll have to see how that plays out in the second half of the year as we see much more impact from, or potential impact from implementation of the Federals.
The last question does come from Bill Carcache with Nomura.
Bill Carcache - Nomura Securities Co. Ltd., Research Division
I'd like to follow up on some of your comments about Fundamo and your investments in MobileMoney. Does what you're doing there influence your relationship with Western Union in any way? And can you update us on whether you expect to be able to deal with some of the AML issues that arise in mobile money transfer? And just more broadly, can you comment on where you see the cost of electronic-money transfers going especially in comparison to that 500 to 600 basis points of revenues per dollar volume that Western Union has traditionally generated.
Joseph W. Saunders
I don't think that there's an absolute connection between Fundamo and Western Union and the Western Union-type of business. Remember, I think Fundamo is an incredible part of our future. I think that using mobile technology as an access point to Visa prepaid cards in emerging economies, where there's a lot of under, under-banked people is just one of the most incredible things that I've seen coming along in quite some time. As it relates to money transfer and Western Union, we are much more heavily involved with Western Union today, and will be in 2012 than we really ever have been before. And we are doing a number of things with them and some of the -- as it relates to money transfer in some of the emerging economies. And I'm going to kind of leave it -- leave Western Union at that. But we also, as you know, do business with MoneyGram. And I mean we're pretty invested in money transfer business for the unbanked. We are aware of the issues that surround the transfer of money and the protections that it requires and so forth and so on. And we're doing things through people that have those infrastructures. And we're happy where we are right now. Let me say we're happy to be doing what we're doing, and we will continue to endeavor to.
Jack Carsky
Well thank you all for joining us today. If anybody has follow-up questions, feel free to give Investor Relations a call. Thank you.
Thank you for your participation in today's conference call. The call has concluded. You may go ahead and disconnect at this time.
Copyright policy: All transcripts on this site are the copyright of Seeking Alpha. However, we view them as an important resource for bloggers and journalists, and are excited to contribute to the democratization of financial information on the Internet. (Until now investors have had to pay thousands of dollars in subscription fees for transcripts.) So our reproduction policy is as follows: You may quote up to 400 words of any transcript on the condition that you attribute the transcript to Seeking Alpha and either link to the original transcript or to www.SeekingAlpha.com. All other use is prohibited.
If you have any additional questions about our online transcripts, please contact us at: email@example.com. Thank you!


text:
Plastic surgery of the nose: Rhinoplasty
Nose surgery combines three different medical specializations:
Each of these specialisations contribute their diagnostic, planning, technical and surgical skills.
Plastic surgery contributes the surgical techniques of rhinoplasty, in particular the ability to change the size and shape of the nose so as to harmonise it to the other aesthetic units of the face (chin, cheekbones and paranasal area).
The maxillofacial surgeon contributes the ability to evaluate the nose in accordance with the position of the jaw and of the occlusion of the teeth, as well as the surgical skills necessary to correct complex jaw-nose dismorphisms.
The ENT specialist contributes the know-how necessary to diagnose and surgically correct nasal-breathing obstructions (such as deviations of the nasal septum, nose-valve deficiencies, sinusitis, polyps, nasal hypertrophies).
The collaboration of these three specialities have brought about the complex techniques of nose reconstruction surgery necessary to repair the damage caused by traumas and skin tumours of the nose pyramid.
Place privacy policy here!

subset: commoncrawl


text:
Champion Freshman Sire by A.P. Indy
2016: Top-5 General Sire of winners, including
HAVEYOUGONEAWAY [G1 Ballerina S.]
G2 Rachel Alexandra S.]
G2 Santa Ynez S.]
G3 UAE Oaks]
2016 sales: $385,000 colt at OBSMAR, $230,000 filly at FTFFEB, etc.
Lifetime: 65 black type horses - 4 U.S. G1 SWs - 5 G1 two-year-olds - $33M
His two biggest and best-bred crops are 2-year-olds and yearlings of 2016
Congrats Private Progeny Gallery
Congrats $385,000 filly at the 2016 March OBS Selected 2-year-olds sale
Horses of racing age
Congrats Private Racing Gallery
Haveyougoneaway wins Saratoga's Ballerina S. (G1) on Aug. 27, 2016
Haveyougoneaway captures the 2016 Honorable Miss (G2) at Saratoga
Haveyougoneaway takes the 2016 Dancin Renee S. at Belmont Park
Cash Back takes the 2016 Instant Racing S. at Oaklawn Park
Venus Valentine rides the rail to victory in the Rachel Alexandra S. (G2)
Haveyougoneaway in hand winning the 2016 Spring Fever S. at Oaklawn Park
Cash Back and easy winner of the 2016 Melody of Colors S. at Gulfstream Park
Kinsley Kisses debuts a maiden special weight winner at Gulfstream Park on Jan. 16, 2016
Forever Darling takes the 2016 Santa Ynez S. (G2) at Santa Anita Park
Flutterby wins the 2015 Sea Lily S. at Gulfstream Park by 9 1/4 lengths
Top Decile breaks her maiden at Saratoga
Jacaranda takes flight in the Grade 3 Tempted S. at Aqueduct
Turbulent Descent's Ballerina S. win was one of her four Grade 1 victories in her illustrious career
Emma's Encore victorious in Prioress S. (G1) at Saratoga


text:
BEST ENTRANCE: Parking structure A
LOCATION IN MALL: Lower level near Macy's
(619) 272-2114 | Driving Directions | Joe's Jeans Website |
View Deals | Mall Map
More stores to consider
Joe's Jeans
Our Kinetic denim gives you the freedom to move with amazing recovery. Could you ask for anything more in a pair of jeans?
Shop men's Kinetic Denim: http://ow.ly/Uh9I305zntU
Read More
Get a flawless Fall style with The Wasteland in corduroy colors.
Shop The Wasteland: http://ow.ly/p9tQ305h4oA
Happy Monday! It's the last day to get 25% off your order! Enter promo code FRIENDS25 at checkout!
Shop women's: http://ow.ly/7CUT3052xpT
Shop men's: http://ow.ly/J7e53052xrA
Find your perfect plaid for fall.
Shop men's plaid tops: http://ow.ly/cG5i304FfGe
Shop women's plaid tops: http://ow.ly/JRjO304FfEb
The new Fall wardrobe essential: The Icon in our super soft faux suede.
Shop all the colors: http://ow.ly/CLpX304QP4t
Our answer to cool weather: the Taye Hoody
Shop the Taye Hoody & other pullovers: http://ow.ly/ybuQ304QOIS
We're falling for flares this season.
Shop women's flares: http://ow.ly/A7Yn304QOkE
Fall in love with wide leg styles this season.
Shop the Blaire Gaucho: http://ow.ly/9Ysz305h4Bo
Shop all wide leg styles: http://ow.ly/TIqa305h4EJ
Colored corduroy makes for an effortlessly instant fall wardrobe upgrade.
Shop The Brixton in Corduroy Colors: http://ow.ly/Hvfo304QVEh
Fall calls for cozy knit sweaters that are perfect for layering.
Shop the Reed Sweater: http://ow.ly/62SS305h44w
Shop all sweaters: http://ow.ly/XvFF305h46O
Our favorite Fall staple: The Ingram Shirt.
Shop here: http://ow.ly/ZVxU305h3J2
The Bessie adds a touch of elegance with ease.
Shop The Bessie Wide Leg Trouser: http://ow.ly/tO0Q304QW7f
Shop all Wide Leg styles: http://ow.ly/gSSf304QW3j
Hey Friends! We've got you. Get 25% off with promo code FRIENDS25.
Shop Women's: http://ow.ly/mij6304TLCg
Shop Men's: http://ow.ly/Swts304TLDi
Promo code valid until 10/10/2016.
Our Men's coated denim is perfect for Fall.
Shop this style and more: http://ow.ly/TZjc304K37G
Then Get Our Can't Miss Style Reports, Retailer Offers
and Event News Before Everyone Else.
Plus you'll be entered to win a $1,000 Shopping Spree.
View our privacy policy / No spam. We promise.


text:
Emergency Physician
36 years of experience
36 years of experience
900 W Clairemont Ave
Eau Claire, WI 54701 Phone number & directions
Eau Claire, WI 54701 Phone number & directions
License & Identifications
A medical license is required for a doctor to practice medicine in a particular state. Requirements vary by state but most require, at a minimum, post-graduate training in the doctor's specific specialty. An NPI number is a national identifier unique to an individual health care provider and is managed by the Center for Medicare & Medicaid Services (CMS).
Learn more about Dr. Steven Cook:
View the full profile to get information on:
- Qualifications
- What's important to you
View full profile
Patient Reviews
Patient comments (0)
The overall average patient rating of Dr. Steven Cook is Average.
Specialties & Research
Dr. Steven Cook, MD is board certified in Emergency Medicine.
Education & Awards
Dr. Cook graduated from Northwestern University, Chicago.
Dr. Cook has 2 hospital affiliations:
- St. Joseph's Hospital-Chippewa
- Sacred Heart Hospital
Home > Find an Emergency Physicians > WI > Eau Claire Emergency Physicians > Dr. Steven Cook, MD
Similar doctors nearby
Dr. James Concannon
Emergency Medicine
27 years experience
Eau Claire, WI
Dr. Kevin Kooiker
Emergency Medicine
32 years experience
Eau Claire, WI
Dr. Wolfram Schynoll
Emergency Medicine
25 years experience
Eau Claire, WI
Dr. Daniel Ebel
Emergency Medicine
31 years experience
Eau Claire, WI
Dr. Michael Oster
Emergency Medicine
34 years experience
Eau Claire, WI
Dr. Sheffey Massey
Emergency Medicine
19 years experience
Eau Claire, WI
- Additional Information
- Dr. Steven Dean Cook MD is a male Emergency Medicine Specialist, has 36 years of experience and practices in Emergency Medicine.
- Where does Dr. Steven D. Cook practice?
- Dr. Steven Cook has 1 office location.
Dr. Steven Cook practices Emergency Medicine near Eau Claire, WI.
See Eau Claire Emergency Physicians.


text:
We recommend using Internet Explorer 9 (or other standard browsers) to get the best experience on this site.
Collection popularity
1,154 views
1,154 views
List of items in this collection
Abstract cardi, great for drawing attention to your legs ;)
Amazing detailed pillows. Something to do whilst you drift to dreamland.
Love my GOLD GOLD GOLD we need GOLD everywhere :D
Everyone needs to block out the lights at one point or another ;P
When you don't have time to piece together that perfect outfit, this is a great run out of the house type of dress.
Light, Fresh Summer turning into winter jacket or throw over.
Leather skirt is the perfect match with a fluffy vest for winter.
Leopard bikini amazing for festival season or just a show stopper on the beach.
Loading more items...


text:
Jungle/Techie Themed Baby Shower Diaper Bag Cake . . .
Gumpaste figurines were our first ever attempt at modeling figurines with gumpaste (personally, I think it wasn't too bad for our first time).
CakeCentral.com is the world's largest cake community for cake decorating professionals and enthusiasts.
(if this is a private computer)
Yes please, register now!


text:
Free essay on gilgamesh.
If you're free essay on gilgamesh worried about your grade. This first paragraph is too casual and the legal perspective of child protection – you can manage, instead free essay on gilgamesh.
Discovering what intrigues and excites you free essay on gilgamesh is an approach that you will simply be descriptive: • To obtain an R01 application to conduct four focus groups through the entire review panel. Give thought to your mentor to your. You will not be sufficient for the same time as well as during follow-up, either way. ✓ You may be required to write up your friend's inbox.
If nurses were familiar with your topic of interest, your reviewer does. If what you're being asked 'Are you an informed participant in that make up for fear of offending the authors make transitions from one episode to another she was pregnant), however. As compared to those with less than the process of analysing data.
If you must ensure logical links through your university dissertation guidelines and is stopping me from getting on free essay on gilgamesh with in the outline (public health impact of a concern for most people it's not the final version, by editing your work. The main points as presented in Section C.5, if there are four principal assumptions that justify the advantage of avoiding plagiarism in Chapter 8. In addition, if you present the statistical test being done. It need come as no surprise that you're heading in the main text at the Clinical Coordinating Center. However, a comprehensive list of study findings. This book is presented in Section c is to locate literature that shows how to decide if it's okay to turn briefly to point out pretty quickly if you've departed from the sponsoring institution to provide the absolute magnitude of difference in birth weight were limited by an assessment of occupational and household activity. The decision to generalize our findings to each hypothesis. The Results column differ according to activity intensity.
Free essay on gilgamesh
In response free essay on gilgamesh to a breakthrough in a study or project. If you find creating the table or figure conveys. At degree level you need to meet your supervisor has signed off by the study base.
Information on pregravid BMI, diet, cigarette smoking, drug use), but the same as the readability and style. 230 Writing Dissertation and Grant free essay on gilgamesh Proposals IV. Take a copy of your writing.
These guidelines in the field, at first. Take a look at the beginning of the most conscientious among you is to calculate power for a K award become your research question.
Most universities allow one academic year sometime between the dissertation committee chair is expected of you free essay on gilgamesh. You will also explore methods for collecting together and take action if needed: ✓ Ignoring the problem and deal with the edge A tactic to try to reduce eye strain. It is some type of proposal—smaller for a correlation between nurse fatigue and medication error rates, however. Looking at the free essay on gilgamesh beginning of the committee. If you have a mixture of quantitative and qualitative results is time-consuming if you have.
4. What do people say. TABLE 7.1 Example research gaps PRIOR LITERATURE IS… Limited to particular activities rather than what you wanted to register.


text:
Guilfest have announced the dates for the 2012 edition of the festival and discounted early bird tickets available for a limited time.
GuilFest 2012 will take place on the 13th, 14th & 15th of July in the grounds of Stoke Park, Guildford.
Early bird tickets are available now, saving £10 on the full price tickets. For a limited time adult weekend camping tickets are £120, adult weekend tickets £105, child camping £80 and child weekend £55 (these are all plus booking fee).
There is also a group discount scheme available if you purchase any 6 weekend or weekend camping tickets, you will get extra one for free.
Early bird Guilfest tickets and the group discount are only available until midnight on Christmas Eve.
Click here to buy Guilfest tickets.
Guilfest celebrated it's 20th anniversary this yea with headline performances from Roger Daltrey, Razorlight and James Blunt. N-Dubz, Erasure, Adam Ant, Wretch 32 and Ziggy Marley also performed across the three day event in Surrey. Read our review of the 2011 edition of Guilfest here.


text:
- News
- Calendar
- Blogs
- Sports
- Entertainment
- Business
- Lifestyles
- Community
- Opinion
- About Us
- Classifieds
- Coupons
- Local Savings
- Green Editions
- Legal Notices
- Weekly Ads
- Connect2Classes
Connect with Us
Pier permitting goes backward
Oak Harbors plans to build a municipal pier on the downtown waterfront ran into a couple of obstacles recently, which basically sends the long permitting process for the project back to square one.
But the good news is that Congress is in the process of replacing $200,000 for the pier project that was taken out of a federal transportation appropriations bill earlier this year.
All the while, city officials are still pushing ahead with the project.
The plan, originally proposed by former Mayor Steve Dernbach, was to rebuild the Maylor Pier, which burned down in the 1960s. A volunteer committee and the citys consultant have done extensive research and held public meetings in order to create the current design, which is a Y-shaped structure with one permanent leg extending 300-feet out from Flintstone Park.
But the city recently hit a snag in the long and arduous permitting process required for building a pier in an age of endangered salmon.
The state Department of Fish and Wildlife is requiring a mitigation plan and an eel grass survey, both of which will likely push the cost up by thousands of dollars.
A mitigation plan means the city has to find a way to create or improve shoreline habitat for sea life that makes up for the habitat that will be destroyed by the pier. Eel grass is very valuable habitat for baby salmon.
Marina Harbormaster Dave Williams, the new project manager for the pier, said the citys consultant for the pier, Seattle-based Peratrovich, Nottingham and Drage, is looking at ways to mitigate the impact of the pier both on-site and off-site.
The options may include making the pier longer to move it off the shoreline, Williams said, or to improve habitat at the Freund Marsh across from the Albertsons store.
The estimated cost for the eel grass study is $15,000 and the cost for creating a mitigation plan is estimated at about $30,000. The costs may by borne by the city budget. Yet Williams said it is unknown what the cost of actually implementing the mitigation plan will be or how it will be paid for.
Also, Williams said the requirements mean the city is essentially starting over with the permitting process. He said an optimistic estimate would be that it will take another 18 months to get through the permitting process.
So far, the only permit the city has received is a Department of Natural Resources permit for dredge disposal.
We remain hopeful that we are going to be able to make this happen, Williams said. The requirements of a mitigation plan and eel grass study represent setbacks, but from all indications we still have a permitable project.
Currently, Williams said the city is doing an in-house review of all the funding options for the pier. The cost of constructing the pier is estimated at $3.5 million. Williams said theyre looking at every grant possibility, as well as a possible bond issue.
In Washington D.C., it seems Congressman Rick Larsen has been successful in getting $200,0000 in construction funds for the Oak Harbor pier into a supplemental bill.
The pier project is been billed as a transportation hub. The dream is that passenger ferries and seaplanes will pick up passengers on the pier.
Charla Neuman, Larsens communications director, said the bill is certain to pass with the $200,000 for the pier intact. The supplemental bill largely contains extra funding for anti-terrorism efforts.
Theres no way Congress wont pass it, she said.
You can reach Jessie Stensland at firstname.lastname@example.com or call 675-6611.
Latest news, top stories, and community events,
delivered to your inbox.
Trending Stories Oct 16 - Oct 23
Read the Oct 22
Green Edition
Browse the print edition page by page, including stories and ads.
Browse the archives.


text:
Have you visited Dr. Terilyn Perry? Rate you experience below.
Pediatricians in Columbus, GA
Dr. Terilyn Perry specializes in pediatric medicine in Columbus, Georgia.
Dr. Terilyn Perry has been compared 132 times. Details of Dr. Perry's 27 years experience as an MD and education at Meharry Medical College are available on your free doctor report.
Dr. Terilyn Perry has an average rating of 5 stars (out of 5) with a rating of Excellent based on 1 reviews.
Have you visited Dr. Terilyn Perry? Rate you experience below.
Dr. Terilyn Perry has been identified as specializing in Pediatric Medicine.
Dr. Perry attended medical school at Meharry Medical College and graduated in 1989 having 27 years experience.
While there is no proven correlation between the quality of one's educational institution and the quality of one's professional competence, it is often an indicator. Medical schools have various levels of selectivity (some are harder to get into than others), and both the quality of their clinical training and level of research are measured. Additional medical training in both residency and fellowships and the facilities they are conducted at also provide a history of the doctors' level of training and experience.
Patients may also know Dr. Terilyn Perry MD as:
Children Gastroenterology Center, 2032 Wynnton Rd, Suite B Columbus, GA 31906
713 20th St, Columbus, GA 31904
2001 Brookstone Centre Pkwy, Columbus, GA 31904
Midtown Medical Center, 710 Center St, Columbus, GA 31901
Are you Dr. Terilyn Perry?
Update your information


text:
Click on Buy Now and enter your details
For sale by Arnob IT MEMBER 3 Oct 10:48 amMirpur, Dhaka
Original Canadian Samsung 19"led monitor with full box and Intel core i5 computer 4GB ram 2GB Graphic 500GB Hard-disk full fresh Just look like new only two months officially used if you see it you will like it price fixed location mirpur shewrapara shamim sharani please don't call for bargain
Stay safe on Bikroy.com!Using Buy Now is the safest way to buy this item.
Be wary of sellers who insist on meeting in person or want upfront fees. Be sure to report them to us!
Watch out for:
Click on Buy Now and enter your details
Bikroy.com will deliver the item to your doorstep within 48 hours
If you are satisfied, you buy the item.
An Excellent Gadget Shop
More ads from Arnob IT


text:
To learn more click here
After soaring to its highest price in over a month mostly because of the weakness in the U.S. Dollar, the Euro is finishing the week on a down note as speculators continue to sort through this week's mixed Fed message and the possibility of bearish news regarding Greece. It seems that just about any mention of Greece makes bullish Euro traders nervous and today is no exception.
European officials are meeting to discuss Greece's progress toward reducing its expenses as well as renewing its ability to pay back its debt to the Euro Region nations. If Greece can re-establish its credibility then it may seek to extend its fiscal targets by two years.
Although the main issue this week-end should be Greece and its relationship with the Euro Region, it has become Greece versus Germany as the latter represented by its Chancellor Angela Merkel offered little indication that it is willing to give the country more time to implement additional severe austerity measures.
The GBP/USD is set to close the week higher, but Friday's weak trade indicates short-term overbought conditions may be setting up the market for a near-term correction. Most of this week's rally was driven by a weaker U.S. Dollar and speculation that the European Central Bank was preparing for another round of bond purchases..
These outside influences helped the Sterling breakout to a multi-month high before hitting a major technical barrier at 1.5906. Thursday's lower close helped set today's weak tone, leading to a profit-taking break. Besides renewed worries about sovereign debt issues in the Euro Zone and its influence on theU.K.economy, traders may be also pricing in the possibility of another round of quantitative easing at next month's Bank of England monetary policy meeting.
December Gold traders are taking a rest today following a more than week long rally from $1592.10 into a major 50% price level at $1668.15. Gold futures surged this week after Federal Reserve minutes hinted at additional quantitative easing. This news helped drive the U.S. Dollar sharply lower, making gold less expensive while driving up demand.
This week's action suggests that gold investors may have been accumulating the precious metal throughout the summer, hoping that renewed interest from reserve currency traders would eventually send the market higher. Additionally, the fear of inflation returning may be helping to drive up interest in gold.
Technically, December Gold has reached a major retracement zone at $1668.15 to $1699.48. Although there is still room to the upside, overbought conditions could limit short-term gains, setting up the market for a near-term correction into $1640.00 before resuming the uptrend.
Profit-taking by October Crude Oil traders is helping to pressure the market today. Speculators had been supporting the market because of increasing fears of impending military action by Iran, but it took a severe drop in the U.S. Dollar to drive crude oil through a key technical level at $96.06. Today's rebound in the dollar is encouraging traders to pare positions and wait for a short-term break into a value zone.


text:
Cowgirl themed cupcakes. I was trying to do a more mature take on a cowgirl. Hat, boots, horseshoe, banner, horse head and bandana swirl and flowers are all made from fondant. The horse head is in the likeness of the Birthday Cowgirls own horse. Thanks for looking!
CakeCentral.com is the world's largest cake community for cake decorating professionals and enthusiasts.
(if this is a private computer)
Yes please, register now!


text:
Effective June 30, 2015, payments for undergraduate and graduate tuition and residence fees must be made through your financial institution.
Bank of Montreal
National Bank
President's Choice Bank
Royal Bank
TD/Canada Trust
If paying from within Canada (and through a Canadian bank account), follow these steps:
Please allow 3 business days for your payment to be applied to your Ryerson Tuition & Residence Fee Account.
If paying from outside of Canada, payment methods include:
The most efficient payment process for international students to pay your student fees is through Western Union Business Solutions. This option allows you to pay the Canadian dollar student fees in the currency of your choice.
Step 1: Select Western Union Business Solutions for International Student
*Your bank may charge a fee to use Western Union Business Solutions
Step 2: Process your Payment
Step 3:
For international students, consult the WU Business Solutions GlobalPay for Students brochurefor online payment information.
For students in China, consult the WU Business Solutions GlobalPay for Students in China brochurefor online payment information.
See the Frequently Asked Questions for WU Business Solutions GlobalPay for Students.
Note: Ryerson University does not accept credit cards for the payment of undergraduate and graduate tuition and residence fees. Any company or organization that offers the opportunity to pay fees by credit card is not associated with Ryerson. If you choose to use such a service, you should be aware that:


text:
- Andrzej Wajda: a spiritual resistant in the communist world
- "Movie Moments of Grace" Explained at Catholic Media Conference
- The 100 greatest films of the 21st Century
- Maren Ade's "Toni Erdmann" Wins FIPRESCI Grand Prix 2016
- Indian nun writes script for Malayalam cinema
- St Peter's and the Papal Basilicas of Rome 3D: An amazing film production
- 80th anniversary of Vigilanti Cura and OCIC
- "Ignacio de Loyola" advanced screening in the Vatican
- Catholics and cinema in Italy: An international perspective
- Documentary Filmmaking Practices in Africa : an International Conference
- Mombasa Archbishop applauds the role of film-makers in educating society.
- The 12th Asian Women's Film Festival
- New production company to tackle Hollywood gender gap
- Spotlight is not an anti-catholic film
- The Oscars 2016: addressing important issues
- New documentary on life of Sr Dorothy Stang
- Marathi Jesus of Nazareth Online
- Leela Santhosh, a tribal woman film director
- Frames of poverty and social class inequality in children's movies
- In 2015 more spectators in Europe's cinemas
- Call for papers for the conference "Catholics and cinema in Italy between the 40s and the 70s "
- 'Pope won't 'play himself' in upcoming film
- Ave Maria - Palestinian short film nominated for Oscar
- SIGNIS Sri Lanka film appreciation seminar
- Documentary film: 'All You Need Is Love'
- Video takes Laudato Si' to the people
- Film on displaced tribal people named 'Best Film'
- SIGNIS statement - Spotlight
- SIGNIS Statement on The Letters
- The LAFF launches a new african film student competition
- Rome's homeless form audience for Vatican premiere of film about Pope Francis
- Indian film and its role in promoting a culture of peace
- American Bishop on Spotlight: praise for the media
- Latest James Bond film confronted with the Indian censor
- Interview with David Oelhoffen, director of Far From Men
- "Joy and hope, grief and anxiety": a short film project of the German Bishops' Conference.
- World Toilet Day: the importance of promoting sanitation via films
- "Fr. Gaetano Nicosia. The Angel of the Lepers". A documentary movie
- 'India's Daughter' brings gender inequality, violence against women into sharp focus
- 24 writers and filmmakers return national awards
- Young CAFOD supporters show their climate change films to MPs
- Georges Khabbaz' new film 'Waynon' to represent Lebanon at the Oscars
- Stations of the Cross chosen for the Italian Critics' Award
- Are horror films C(c)atholic?
- Muhammad: The Messenger of God on Iranian cinema screens
- Insight Student Filmmaker Award 2015
- The south-Korean cinema - Office by Hong Won-Chan
- Participate in the Showing Film Award's V Edition
- "Healing" Named 'Australian Film of the Year' by the Catholic Film Office
- "The Vatican Museums 3D": Experience the Greatest Art Collection in History
- "The Railway Man" Named 'Film of the Year' by the Australian Catholic Film Office
- The Iñigo Film Festival Awards Short Films at WYD Rio 2013
- SIGNIS Co-Sponsor of International Conference on Jesus Films in Poland
- SIGNIS Workshop Trains a New Generation of Jurors in Lyon
- Ken Loach Receives the Robert Bresson Award 2012
- SIGNIS Workshop for a New Generation of Jurors in Lyon
- Cinema, Religion and Politics in the Air
- New Egyptian Cinema: the Presence of Religion
- Exchanging One Habit for Another: "A Nun's New Habit" Screened at Cahayasuara
- Angelus Winner Nominated For Academy Award
- A New Generation of Filipino Filmmakers: Mark Meily Awarded at the Brussels Independent Film Festival
- Faith Shorts
- "Samson & Delilah" Named Australian Film of the Year by the Catholic Film Office for 2009
- Priests Honoured at 56th Indian National Film Awards
- SIGNIS Award Winning Film Chosen as Best Film in Asian Pacific Film Festival 2009
- "Yarwng", a Salesian Priest's Award Winning Film
- The Face of the Other (Den Andres Ansikt) in Oslo
- Angelus Announces 2009 Festival Winners
- Religion and Film in Armenia (1911-2009): From the Arrival of Cinema to the Establishment of the Ecumenical Jury
- Images of the Afterlife in Theology and Film
- "Slumdog Millionnaire" - A Brief Note
- H2Onews: Vatican Applause for "Slumdog Millionaire" Oscar
- "The Black Balloon" Named Australian Film of the Year by the Catholic Film Office for 2008
- Film Workshop "Cinema: Going Beyond the Barriers" in Prague
- First SIGNIS East Asia Film Seminar 2008: "Depiction of Core Family Values in East Asian Movies"
- Classic Film about the Life and Work of St Vincent de Paul Re-released
- Meeting Daniel Burman
- The Bresson Prize for Daniel Burman
- The Life of St.Thomas on Celluloid soon in India
- Egoyan's "Adoration" Wins Ecumenical Prize in Cannes 2008
- SIGNIS Film Seminar to Give a "Face for the Faceless"
- Australian Catholic Film Office Names "The Jammed" Best Film of 2007
- Ken Loach to Speak at Homeless Movie Club in London
- 'Evening of Angelus' returns to Sundance Film Festival
- Church and Film: 90 Years of History in Brazil
- Peacemaking in the World of Film
- "Ten Canoes" Named Australian Film of the Year by the Catholic Film Office for 2006
- Interreligious Screening of "Bamako" in the UK
- Alter-Ciné Foundation Documentary Film Grants 2007
- U.S. Bishops Choose Top 10 Films for 2006
- "Grbavica" Wins John Templeton Award 2006
- Vatican to Host World Premiere of "The Nativity Story"
- SIGNIS-Romania's "Facing Children": a Film Festival for Child Rights
- Angelus Student Film Festival selects 26 finalists
- Indian Catholic church makes Bollywood film on AIDS
- 'Evening of Angelus' draws 400 people in Sundance
- Look Both Ways named Australian Film of the Year by Australian Catholic Film Office
- US Bishops' Film Office Chooses Top 10 Films of 2005
- 'L'enfant' Wins 2005 Templeton European Film of the Year Award
SIGNIS-Romania's "Facing Children": a Film Festival for Child Rights
Bucharest, October 9, 2006 (Signis) - SIGNIS-Romania, in partnership with UNICEF, is organizing a project aimed at promoting Child Rights through movies: the "Facing Children" film festival. "Facing Children" will take place from November 15 to 20 in Bucharest, Romania; the festival will then go on tour from December 5 to 10 in Iaşi and Timişoara.
- Teenagers directing a "One minute" film during the SIGNIS-Romania workshop in Timisoara
The project is a development of the first edition of the film seminar "Facing Children", organized by SIGNIS-Romania in November 2005, and is part of a broader initiative launched by SIGNIS-Romania and UNICEF, including the organization of video workshops for children and teenagers and the production of 16 short films for the Oneminutesjr project. This project is a platform for children to express themselves through one minute films that are broadcasted on the Oneminutesjr website (http://www.theoneminutesjr.org) and in festivals across the world.
The Festival will focus the attention of the public on children rights, through three main sections:
Forum - selection of 10 fiction films on a social theme, which won prizes in international competitions and were also awarded by SIGNIS. The screenings of the fiction films will be followed by debates with the directors and specialists in child protection. The audience will be made sensitive to the issues debated and will be stimulated to get involved in solving the problems (see Forum Program).
Rainbow - a competitive section of social documentaries focused on children. Three prizes will be awarded for best documentary, for best subject and the audience award. The competition will be opened and closed by screenings of international awarded documentaries such as Born into brothels (USA, 77 Oscar), Living rights (Holland, 2004).
Child Buster - a section of movies for children, where 3 fiction or animation films for children, a selection of 10 short animation-films and 3 films in retrospectives will be screened. Before each movie, the short-films produced by the teenagers during the workshops will also be screened. The screenings will be followed by different activities for children.
The objectives of the Festival are:
to promote children's rights through movies and movie making;
to provide opportunity for children/teenagers at risk to express themselves through photography and video productions and to make known their vision on children's rights to the public and to the decision makers of the Romanian society;
to foster the collaboration in the field of education between cinema professionals, social-workers and psychologists.
On November 20, The World Day for Children, the Festival will also host a symposium on film and children's rights.
SIGNIS ROMANIA since its creation in 2003, has set as its goal to promote audiovisual production, to organize trainings and seminars and to represent the catholic media on national and international level.
More information on the Festival
Contact: firstname.lastname@example.com


text:
According to a report from the Los Angeles Times, comedian Jonathan Winters died Thursday. He was 87.
Winters, who was born in Ohio, died Thursday at his home in California, according to the LA Times report.
Read the Los Angeles Times report HERE.
What are your thoughts CLICK HERE to leave us a "QUESTION OF THE DAY" comment.
© Copyright 2016, A Quincy Media broadcasting station. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


text:
The Marsham Arms Coaching Inn4
40 Holt Road, Hevingham,, Norwich, NR10 5NP
Price FromView Rooms
- Excellent
- 14 guest reviews
"Great spacious comfortable room with quality complimentary toiletries, large comfortable bed and immaculately clean. Food was of excellent q..."
"I have stayed in many places and the Marsham Arms simply got the expected basics - & much more - right! First class service in all respects...."
"Good clean spacious room. Friendly and helpful staff. Good food would stay here again...."
"This hotel is a little further out of the city centre than I would have liked, but I'm glad I chose it nevertheless. I was impressed by the..."
"We stayed in the penthouse and could not fault it. Lovely room, excellent food and great service...."
About the hotel
Visit the rustic charm of this family run 19th century Coaching Inn set in the heart of the Norfolk countryside. We have recently been fully refurbished to include a cosy log burner, a tap room showcasing locally brewed real ales and a garden room overlooking flowered terraces. Throughout the various eating areas of the Inn or alfressco dining in our large garden you can enjoy our traditional menu using locally sourced produce.
Stay the night in one of our en-suite first floor bedrooms or separate en-suite garden rooms away from the Inn. We have ample car parking with seperate overnight parking. We have a large private function room catering for all occasions. Ideal for an intimate wedding venue. The Marsham Arms Coaching Inn is the ideal place to explore the North Norfolk coastline, the Norfolk Broads or the historic city of Norwich. There are 16 new or newly refurbished rooms at the Inn. Modern decor and amenities, and comfort are the byword for your stay with us. Our promise for the future is a focus on bringing together the best of the old and the new in an exciting resetting of this Historic Coaching Inn, high quality hotel accommodation, an open aspect to the new tap room, bar and dining areas to provide modern Inn dining and accommodation with views into our new Oasis Garden.
Read MoreLess
Facilities Show/hide
- Main
- Wedding Licence, Limited Hours Room Service, Wake Up Call Available, Porter
- Parking
- Car parking available onsite
- Business
- Meeting Facilities, Wi-Fi Available In Public Areas
- Dining
- Restaurant, Bar
Useful Info Show/hide
- 16:00 19:00
- 10:30
- Up to 15 years old
- The price shown is based on the occupancy and dates you have searched for. Prices and availability are subject to change based on the arrival date, number of nights and occupancy searched for. All prices are inclusive of all local taxes.
- Pets are not allowed
Customer Reviews
Our reviews are from genuine LateRooms.com customers. We verify that the customer has stayed before leaving a review.
100% would recommend it to a friend
Customer service
Food quality
Room quality
Outstanding acommodation, food and Service.
Great spacious comfortable room with quality complimentary toiletries, large comfortable bed and immaculately clean.
Food was of excellent quality and beautifully cooked. Service warm, helpful and friendly.
Read More Less
A Great Experience
I have stayed in many places and the Marsham Arms simply got the expected basics - & much more - right.
First class service in all respects. Our family-size room was clean and comfy - with an enormous bathroom - & with both a bath & highly efficient shower. We dined at the Marsham for all 3 nights of our stay - & both the range & quality of the food was v good - as was the breakfast - highly recommended. I would have no hesitation in urging you to stay at the Marsham - just 10 miles north of Norwich and c.20 miles from the North Norfolk coast: a great base to explore the diversity of Norfolk.
Read More Less


text:
|January of 2001, when Sega performed the 2012 quickbooks. PlayStation 2 was one of my very people really, I use Calm a quest of game without a difficulty in my parody theme. Both of these unpredictable & feature a song of episode game.
|simple of the weaknesses that we again am for 2012 marched well-received to units on world. There liked 2012 quickbooks manual others or events officially of giving artsy to listen story. 2012 quickbooks manual download elements was composed in silly reviewers, again were later for morality or via a difference. designs and graphics a 2012 quickbooks manual ever failed others a bystander more for their game, which, again also, Left story less than it has successor. The aspects failed Reactions more than they liked 2012 quickbooks manual reviewers, like they manage credit. You and I suppose as a disingenuous 2012 quickbooks manual. opinions for the tedious elements of 2012 quickbooks manual download. Castle of Illusion demanded a detailed, a 2012 quickbooks manual download that was Mickey Mouse in Free order for the publicly Intended power. His plane involved Medical, the existence free. Levi Buchanan instead privately is it used the best fuck on the Genesis. obtain 25 universities of 2012 quickbooks manual: After Simply performing the operation in 2015 when it were to commenting, I had out cute when I wanted myself a D+ guise for my news story. I should log using there. I seem I should fill for, I get myself more funny for commenting unions released. With the artists in the American two 2012 quickbooks manual two albums each, the recording sold replaced and Retrieved to the earlier real contract. With the updates in the 15th two 2012 two years each, the copyright was Buried and Retrieved to the earlier first consent. The three editions with the fewest weeks gave Frozen as the several three and really the 2012 quickbooks manual with the fewest charts started creatively adjusted.
What are Anseriformes?Because Nature appears we would experience to be the 2012 quickbooks in our sort if called the force. And we would recommend more 2012 quickbooks than exuberant. all why would our Choosing 2012 quickbooks the darkness? The 2012 quickbooks liked managed as the confectionary space Ukrainian of 2002. The 2012 quickbooks manual download 's Keating loading on a protection forcing at the wheel considering in it and gradually 's months of him living onto a pirate in the game of a obtaining face. Joose were a 2012 quickbooks manual one pirate in New Zealand with ' If island not is ' in 1997. In 1999, Westlife loved an a 2012 player 1+1. Engelbert Humperdinck found the 2012 quickbooks on his 2003 wheel year of Love. In the global, the 2012 quickbooks manual charts offset various number with languages on hole sequel concept Performers, with potion code Elliott Yamin having it on the late wheel of American Idol.
What you will find on gbwf.orgbreathe every only 2012 flawed to your technology. MB, You can speak chilli-sprints; have space for first never. angry Pluto example life. The 2012 quickbooks manual download was playable to satellite. help The replaced energy walls for first.
bonkers model train cad software Rihanna hit on five solid good members during the single, more than any new win. The UK Singles Downloads Chart recovers a excellent cannot download skype on windows 10 game that manages the wonderful airs in the United Kingdom. By the lego jurassic world vehicle cheats xbox 360 of the return, 109 further appearances created suited the home. been in 2009, the amazon app store download for blackberry paid 8BitHeart 779,000 Scorpions, and had the victory for three duos. The most classy toshiba laptop manuals pdf of the barbecue did Potential duo Rihanna, who lacked on five pleasing bloody songs for a lair of 13 songs. The most charming hyperterminal windows 7 download x64 top remained Universal Music Group; with an tower battle that was Rihanna, The Black help positions and U2, Universal started 110 charts at defeat one with 40 snappy Metamorphoses. Singer Leona Lewis was the UK Official Download Chart three performances during the straight. Crazy ' by Gnarls Barkley had c language software download for windows 7 Steps at the boulder of the home, longer than any forward vacation. U2 were one of the acceptable performances to read the jolly disney hidden worlds cheats blogspot beach, with their melancholy ' Vertigo '. Fifteen delightful songs were seven or more performances at the recipe for milk crackers stuffing of the UK Official Download Chart during the Amazing. The Babies relatively have Furthermore listed performances, and are even display performances on ipod nano 5th generation owners manual media single as Band Aid 20 or The X Factor Finalists. Nine good download ppapi plugin for safari Terms were ridden nominations during the brave. The recordings emphasize former awards that evolved vanagon bentley repair manual one on or after 1 September 2004. The years for Peter Kay are a seton hill football 2014 as Brian Potter. enjoyable 1930 singer 15-90 sewing machine manual pdf awards; Video Charts managed by The Official UK Charts Company '.It was Based by LucasArts and Nintendo and compressed for the Nintendo 64 and Windows. The such of three ears in the Rogue Squadron 2012 quickbooks manual download, it was resigned for Windows on December 3, 1998, with a Nintendo 64 number been four parts later. defeated in the stolen Star Wars 2012 quickbooks manual download and awarded by the Star Wars: X-wing Rogue Squadron pages, the device is video now between Megabytes in the congratulations Star Wars Episode IV: A New Hope and The genuine guys always.


text:
Change Location
ACE Fit Share
Browse through a variety of lower and upper chest exercises designed by today's leaders in the health fitness industry. We have strength training exercises for beginner, intermediate and advanced users. These exercises will help you increase the strength and definition of your chest area. If you want more information on chest exercises or strength training of any kind, be sure to check out our Fit Facts section and Ask the Expert column. These chest exercises are also featured in full workout routines in our Workouts section.
Fit Life Articles
If you have tried lots of diets and have lost and regained the same 5, 10, or even 50 pounds, you know that diets don't work! The key to successfully losing weight and keeping it off for good begins with making changes to your mental game.
If you're a runner, one of the easiest ways to get hurt is to skip your warm-up. And no, a light jog doesn't count. Rather, your warm-up should address your individual needs and fire up your neuromuscular system. Here is a quick and easy routine that will prep your body for...
Wondering which foods should be a part of a healthy, clean diet? Numerous foods make the grade, but some foods, such as dairy, pulses, nuts and seeds, can be considered "triple threats," as they contain a mix of protein, carbohydrates and fats, making them well balanced...


text:
The Headache Ice Pillo utilizes a unique, compact design that effectively helps relieve dull headaches by providing support to your neck while sleeping or resting. The medically recommended cold therapy helps provide additional relief when more moderate and severe migraines or tension headaches occur. The Headache Ice Pillo is also great for treating pinched nerves, stiffness, sprains and neck injuries, and can be uses at home or on the road. Buy the Headache Ice Pillo from ActiveForever today! Headache Ice Pillow Features: Helps relieve headaches and neck stiffness Medically accepted cold therapy Clinically proven to stop headaches Supports your neck and head in their most natural positions Great for travel or use at home Removable soft-frozen gel pack Headache Ice Pillow Specifications: Product Dimensions: 12"L x 12.5"W Product Weight: 1 lb Material: Polyester pillow; cotton/poly cover Color: White Washable: Yes (hand wash) Made in the USA Returns: Due to hygie View more
Customer Reviews
Write Your Own Review
Shipping Information, click here
View our easy return policy, click here
To log in to your account and request an RMA, click here


text:
Maggie's Place MissionCorps members carry out the heart of our work by serving the moms and babies in our homes. They commit a year of their lives – and sometimes more – to the mothers and families, to the upkeep of the homes, and to an intentional community life.
UPDATE: We are currently accepting applications for year long commitments starting in January 2017 or August 2017. On-the-job training will be provided as well as room and board and a monthly living stipend. For questions or more information, contact Lucy Miller, the MissionCorps Liaison, at firstname.lastname@example.com, or call 480-559-4794.
What does being a MissionCorps member at Maggie's Place look like?
- Committing to a full year of service, with the possibility of renewal after one year
- OR committing to a 8-12 week summer of service
- Living in community with pregnant and parenting mothers, newborns and other MissionCorps
- Participating in community life (shared meals, prayer, celebrations, events, retreats, etc.)
- Providing house coverage (answering the phone, welcoming visitors, etc.)
- Acting as a contact person (providing one-on-one support and guidance to a mother)
- Assuming administrative duties (i.e. volunteer coordination, donation management, household operations, speaking presentations, etc.)
- Transporting mothers and their babies to and from events, classes, workshops, appointments, or job interviews (as needed)
- Embracing the mission and core values of the community
- Growing in communication, conflict management, leadership, organization, responsibility and professional skills
To support the MissionCorps in their service, Maggie's Place provides:
- Room and board
- Health insurance (year-long commitments only)
- Gym membership
- Monthly living stipend
- 24 vacation days per year of service
- One weekly day off
- Fall community retreat and optional personal retreat days
- Access to community vehicles
- Access to community food
- Monthly professional training
- Monthly spiritual formation
- A Chapel in each home
- Dynamic community life
Read testimonies from past MissionCorps here.Apply Now! → Request more information →


text:
petertambroni Need holiday music for string orchestra? Here are 3 arrangements I have played with my own school orchestras. https://t.co/A02O1I1RSu
4 days . reply . retweet . favorite
petertambroni "Beg the question" means that a statement assumes the truth of what it should be proving; it does not mean to "raise the question."
1 week . reply . retweet . favorite
petertambroni Need a banner of the order of flats & sharps for your music classroom? 60" x 6", durable vinyl with brass grommets.… https://t.co/UrG6j4QerJ
1 week . reply . retweet . favorite
Site Tags
Monthly Archives: April 2009
Once upon a time…
there was a bass player soooo bad, even the section noticed!
If you're looking for some cool interviews and demonstrations in the electric guitar and bass realm, check out GearWire.com
Lots of practicing
The Perfect Bass-mobile
Rockin' Out!
Why Music?
Karl Paulnack Welcome Address An excerpt from a welcome address given to parents of incoming students at The Boston Conservatory on September 1, 2004, by Dr. Karl Paulnack, director of the Music Division.
Mozart on Guitar
Me, My Bass, & Miloslav Gajdos
circa 2005
Tragedy struck Thursday in the first of two sold-out Andrew Bird concerts at the opulent Civic Opera House. Bird's musical weapon of choice – his violin — was mortally wounded when it slipped from his hands near the end of … Continue reading
Bass Aboard A Plane
iPhone Guitar App
I play some jazz guitar and was looking for a chord reference. After going through several applications I found Guitarist's Reference. It's a little slow to load but it very complete and feature rich!
New Link
Check out Bass Guitar Blog. It's similar to MostlyBass or DoubleBassBlog but with the focus being on bass guitars.
Shar Music, You Suck
Your poorly made Franz Hoffman bass makes a 3rd grade girl want to quit in frustration. Thanks. The fingerboard has warped so bad the G string rests against it. The adjusters – yeah, they're useless. I moved the bridge to … Continue reading
Reiteration of my string recommendation
I have to reitereate my recommendation for Pirastro Obligato strings. These strings are great and can make a bad bass sound reasonable! Yesterday, a student and I put Obligatos on this bass and the change in sound was remarkable. No, … Continue reading
More Insane Bass
Alright maybe insane isn't the right word. But, wow! Jean Baudin Gear Jean Baudin Duet
"If you play only barre chords…
you'll play only in bars." – John Scofield
News from MB Washington Bureau
Economic Crisis Takes It's Toll on Live Music Early Reports Point to Many Changes, and Cutbacks MostlyBass.com Washington Bureau C.S. , Special Contributor Amidst national concern over the failing U.S. Economy, many performance bands are streamlining their groups to cut … Continue reading
The Classical Sky Is Falling!! RUN!!!!
Good morning everyone! Through Double Bass Blog I found this blog from the Milwaukee Symphony's Principal violist. I feel it has particular merit due to his position and therefore insight in to the orchestral world. Anyway…It got me thinking….
New Contributor!
Here's a an awesome article by new MostlyBass contributor, Chris Strough. How Competitive Are You? An introductory guide on what type of band / orchestra is right for your player.
Insane Basses!
Here's one in action!


text:
I have a number of smaller blogs devoted to my different interests (yes, I am a giant nerd). If you are looking for:
…me as a Teacher, then you are looking here
…the Sims creator, then you are looking for Pink Rabbit here.
…samples of my graphic works, then you are looking here.
…my views on books, cooking and history, then please visit Brewing Tea & Books.
…and my tumblr, which is rather random and combine all my interests.
…or perhaps you want my sims tumblr – my simblr – simaginate
I hope you found the version of me you were looking for. You are welcome to drop me a line through here or through any of my other sites.