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Investing in Asia for Dividend Income
by Jesper Madsen, CFA and Charles Rotblut, CFA
Jesper Madsen manages the Matthews Asia Dividend Fund MAPIX and the Matthews China Dividend Fund MCDFX. I spoke with him in late July about dividend investing in Asia.
—Charles Rotblut
Charles Rotblut (CR): In your Asian funds, what guides your allocation decisions?
Jesper Madsen (JS): For the Asia Dividend Fund, it is really a matter of saying, "What is the bottom-up telling us, in terms of the availability within the universe?"
Maybe I can take a step back and lay out the broad universe for you, because it also helps explain how we construct a portfolio. In Asia, the dividend yield for the Asia Pacific region is sitting around 3%. That's inclusive of Japan and using the MSCI All Country Asia Pacific Index as a proxy for the general market. If you turn around and look at the U.S., there you would see a dividend yield of about 2%. These are the 2011 consensus estimates for both those numbers.
I think this is probably contrary to what most people think of and expect when they think about Asia, because they tend to think entirely about growth. Dividends often will just be a passing thought, not even part of the equation. But when you look at the long-term returns out of Asia, just like anywhere else, dividends do end up accounting for a substantial part of the total return, if not most of the total return, depending on what periods you're looking at. So Asia is no different, from that perspective.
Where it gets more interesting, though, is that you get not only a yield pickup, but also faster dividend growth. We froze the index numbers of both the S&P 500 and the MSCI All Country Asia Pacific Index between 2002 and 2009. What we found was that, over time, the Asia Pacific constituents grew their dividends, annualized, around 16%, compared to 6% for the S&P 500. Not only did you enjoy a higher dividend yield throughout this period, you would also have enjoyed a higher growth rate in the underlying dividend. Now, some of that has come from currency exchange rates, but most of it is just raw growth in earnings that have been feeding into dividend growth.
What's even more interesting is that, when you're a portfolio manager looking for total return, you care about the yield, you care about the growth in that underlying dividend, but you also care about issues such as "How broad is my universe that I can work with?" and "Is it broad enough to put together what I would call a wholesome, or a complete, diversified portfolio?" And here you find that, both for the constituents of the MSCI Asia Pacific Index and the S&P 500, those indexes pay out, roughly, around $200 billion in dividends. When you turn to Asia, you have more than a dozen different currencies, different countries, different monetary and fiscal systems, and even developed and emerging markets.
So, for instance, when I buy a telecommunications provider in a place like Taiwan or South Korea, that is a very different telco than you would find if you looked to India or Indonesia. Again, the yields would be different, the growth rates would be different, the need for capital investments would be different.
We have a very rigid yardstick for the way we measure every company that we consider for the fund or that is a current holding of the fund. Our basic philosophy is that it has to score well on dividend yield today as well as on dividend growth over the next three years. Then it's somewhat of a sliding scale trade-off between the two.
For instance, if we get a high dividend yield today, we can accept a lower future growth in that dividend, and vice versa. If you look at the portfolio construction, you'll see an all-cap strategy. If I use rough numbers, about half the portfolio (it's a little less now; it's actually closer to 40% of the portfolio) is sitting in large caps, with the remainder being allocated to small- and mid-size companies. Those would be companies with less than $5 billion in market capitalization.
The rationale is quite simple: With the large-capitalization companies we try to achieve stability in dividends. So these will be telcos, utilities, consumer staples—the kinds of companies that you have a high degree of certainty will pay out a dividend, even during tough times. By anchoring the portfolio in these 4%–6% dividend yielders that might be growing in the high single digits to low teens, we can invest to a greater extent in small- and mid-size companies where you take on more risk, both in terms of the business model and the underlying dividend stream. That said, the reason why we're there is, obviously, for the growth that should be offsetting some of the risk that we're taking on. Because we've already achieved some stability by anchoring the portfolio, we can afford to take on that risk in the small- to mid-sized segment.
CR: In terms of the country allocations, then, are you just mostly looking for good stocks, or are you actually trying to target a certain country?
JS: We're not trying to target any country. Again, we do have a benchmark, the MSCI All Country Asia Pacific Index, but to be perfectly frank, there is no index capturing dividend investing in Asia, simply because not that many people pursue this kind of strategy, even today. So we don't have a specific target that we go for when we allocate to the countries.
But let's take Japan as an example. There, the benchmark has about 37.5% allocated to Japan. We have 21% allocated to Japan. Again, we feel that there's a very strong case for having Japan as part of the portfolio, in terms of dividend yield and dividend growth, and also in terms of diversifying the risk profile of the overall portfolio. But we don't feel, from a bottom-up perspective, that we can honestly say that we can allocate all the way up to 37% or even 40% into Japan for this kind of strategy. That's why we would be significantly underweighted; right now we're about 16% underweight in Japan, for instance.
If you go further down the list, you'll see that we underweight India. And the rationale there is as follows: In India, we find good growth optionality, a lot of good growth companies, but the problem is that India has been starved of capital for so many years that they have a need for reinvestment. The returns on the marginal investment are still so high that it actually makes sense for Indian companies to plow earnings back into the businesses. As a result, they don't pay out much. That, combined with high multiples, means India is one of the lowest-yielding markets in Asia. That just makes it tough for us today, with the current market situation, to find candidates that would be both growing enough and yielding enough.
If you flip it around, you'll see that we have a very significant overweight to a country like Thailand. Thailand makes a lot fewer headlines, and if you look back a little bit more than a year, all the headlines would have been quite negative because of the rioting that took place. It's a country that is facing some real macro-political issues that are still ongoing. They just had an election that went quite smoothly, all things considered. I just came back from Bangkok, and it sounded like people in general are currently looking at the situation from a quite benign view. They think that there will be some relative stability at least for 12 months. So the point is that because Thailand was grabbing negative headlines at the outset of 2010, we would find quite high dividend yields and still quite attractive growth rates. As a side note, Thailand was one of the best-performing markets in Asia back in 2010, in spite of all the negative news flow.
It just goes to show that sometimes being a bit of a contrarian investor in Asia, maybe looking in areas of the market that are less positively viewed by international investors, can work out in your favor. Once investors have a positive view and there are positive headlines, often you'll also have to pay up for the company. The strategy of the Asia Dividend fund tends to be very valuation-conscious. As a result, we have to be somewhat contrarian and look at the parts of the market that are a little bit beaten up relative to some of the other areas of the marketplace.
CR: Regarding Japan, have you done anything different with your analysis since the earthquake? Have you made any adjustments?
JS: It did not change my view on Japan fundamentally, because we were not invested with the companies that were at the front lines of this—nuclear-related names, utility-related names, the banks. Because we were not invested with those companies and because, for the most part, talking to the management teams of our holdings, we could not see a structural shift or decline in the businesses, we've stuck with our holdings in Japan. Granted, there would be some write-offs related to the earthquake, but that's more transitory, it's not something that was permanently impairing the business.
But I have to say, when Japan is the part of the portfolio that you expect to have some stability compared to some of the other emerging parts of Asia, it is frustrating having about 20% of your portfolio sold down by 15% in short order. Again, because of our all-cap approach, we hold a lot of small- and mid-size companies in Japan, companies that are not household names. Those were some of the ones that were sold down the hardest, because people were just looking for liquidity. They also snapped back very quickly. We chose to basically sit back and watch, because we knew that piling in to a trade that was crowded like that would not make a lot of sense, especially since the businesses were not impaired in the long term.
CR: Does an investor looking at Asian companies need to change his analysis from what he looks for in a U.S. company?
JS: I think, as of late, people have come to realize that you have to be careful about which company you invest in. Especially with some of these reverse mergers of smaller Chinese companies, it's very hard for U.S.-based investors who do not travel to the region to verify that these are actually true businesses—how much of this is just made up, and how much is actually tangible in terms of products or a footprint on the ground. [A reverse merger is when a private company acquires a public company, allowing the private company to go public and bypass the lengthy process of an initial public offering.]
In terms of looking at the financial statements, people just have to use their own common sense. We analyze on a cash flow basis, so that's a little bit cleaner, it's a little less managed or manufactured, compared to the income statement. That helps a great deal. We line up companies mainly in the cash flow and balance sheet sense, which helps clean out some of the noise that you get in the income statement. We care more about the ability of a company to drive growth in dividends than the variations in quarterly reported earnings.
And I can tell you that you become a very different investor once you focus on that annual growth in the dividend. Because that means that stock prices become less meaningful, the quarterly or even semiannual earnings become less meaningful, and you can take a longer-term view that most people in the marketplace cannot afford. It's too much of a career risk, to be honest, for most people out there.
If you think about it in a different way, you have between 3%–4% of your long-term total return in hand via the dividend, which is a low-volatility component of total return. When you enter the calendar year, you already know, with a high degree of certainty, that if you hold until the end of the year, this is the kind of return that these companies, at least via the dividend, should be paying you. That allows you to be a lot less aggressive about going for earnings growth. You can now be quite happy, perhaps, investing with companies that would grow their dividends in the high single digits to low teens, because when you add that up in terms of "What is my total return?" you actually still get a very competitive total return.
You have yield, and then you have growth in the underlying dividends, and it's the growth of underlying dividends that will facilitate capital appreciation over longer periods. It does mean that you have to come at these markets with a long-term view, because there will be volatility in terms of how much your assets are worth on any given day. But, if you can just focus on the long term, which is the stream of dividends you are paid today and how that stream will grow over time, I think that will make you a better investor when it comes to volatile markets like Asia's.
CR: Just to clarify, you are making sure not only that the dividends are increasing but also that the cash flow itself is consistently positive?
JS: Yes, we model out our companies to gauge the free cash flow and how quickly the dividend should grow over the next three years. We assess what is left over for shareholders after a company is done investing in its business (we want to see ongoing capital investment) and paying off debt, along with how much of that is paid out. So that's why we focus more on the cash flow statement, because that will give you the true capacity or ability of a company to pay a dividend.
Now, the reason why we meet with management face to face, after we've already analyzed their ability to pay out a dividend, is to ask the question: "What is your willingness to pay the dividend?" That sometimes is a bit tougher to gauge, or more frustrating. Sometimes companies will generate plenty of cash flow, but they are unwilling to let go of it. So for the companies that we invest in, we have to have both the ability and also the willingness by management to pay out that dividend.
CR: You wrote on your site about the dividends really being a form of corporate governance. Could you elaborate on that?
JS: I think this is not just for Asia, this is quite universal—but in Asia, we have very concentrated shareholding structures, especially relative to the U.S. So often 50%, 60%, and sometimes even more than that, of a company will be held by a majority shareholder, whether it's the founding family, a conglomerate, or the government. And these are the same people who hired management. It doesn't take much imagination to think of scenarios whereby you can have a good growth company but see most of the cash flow siphoned off into other avenues that will basically go around minority shareholders. So having a very solid dividend, where maybe the bulk of or half of earnings will be paid out in dividends, shows you a recognition by the majority shareholder and the company management that they need to pay the owners of the business in line with their ownership. And that includes minority shareholders.
It's a soft issue, it's intangible, but I still believe that it leads to tangible results over the years—especially if you avoid being invested with companies that are fraudulent. It also gives you a sense of whether or not money has been made. Going back to the question: How do you analyze the financial statements of these companies? Well, you can at least take some comfort from the fact that if they say they make $100, and they pay you $60, you know first and foremost that there's less money that can be siphoned off to other places. There's less money piling up in the bank account that may or may not be real. Because you have now been paid, in hand, in hard dollars.
You might also have some intangible signals sent to you about the financial reporting and the stability around that. Dividend-paying companies, all things being equal, on average, have, in my mind, better financial reporting. And because you have an acknowledgment by the majority shareholder that minorities need to be paid in line with their ownership, you also have a better corporate governance structure. If you look at the reverse-merger firms that have gotten themselves in trouble in the U.S., about 20 or so of them, none of those paid a dividend.
However, I want to stress that that doesn't mean you can just look at dividend-paying companies and think, "I do not have to worry about corporate governance issues." That is not at all what I am advocating here. I'm just saying that on average, it seems that dividend-paying companies are less prone, for various reasons, to being caught up in financial and corporate governance issues. On a one-to-one basis, you still need to do your homework.
|Total Return
Annual Avg
Last 3 Yrs
Annual Avg
Last 5 Yrs
|Matthews Asia Dividend Inv (MAPIX)
|Matthews China Dividend Inv (MCDFX)
|MSCI Pacific Index
|na=not available. MAPIX inception date is 10/31/2006, MCDFX inception date is 11/30/2009.
|Source: Morningstar Inc. Data as of August 31, 2011.
CR: In terms of foreign exchange rates, is there any concern for investors? How much should investors factor in fluctuating exchange rates when they are looking at some of these stocks and the dividend payments?
JS: The way that we look at currency is, first and foremost, from a bottom-up perspective. We try to understand: How will different currency movements impact the revenues of the firms in the portfolio? If in the next quarter you have an appreciation in your currency, that could be a problem in terms of accounting for overseas revenues.
Now, I would stress that, with Matthews in general, we have always tended to steer our investments toward the companies that cater to the domestic economies. The long-term trend that we see is a rise in household wealth resulting in changing spending patterns for individuals in Asia as they become richer, and as they see their earnings grow year in and year out, and as they see their asset base grow as well. So you will find very little exposure, in general, to the exporters. Also you will find very little exposure to some of the materials and energy firms, because they're very cyclical and, as a bottom-up investor, it's very tough for us to see how management teams can add an edge above and beyond what is being set by global pricing. But that's a general Matthews way of investing, not just the strategy for the Asia Dividend fund.
In terms of how to view currency from a personal perspective, investors have to make a call on whether or not they want to diversify out of the dollar. And that's a call that I will leave up to them. If the dollar depreciates from here on compared to the rest of the world or a basket of Asian currencies, then you stand to benefit, because the value of the basket of dividends that you would be receiving would be increasing in U.S. dollar terms. But should there be a strong rally in the U.S. dollar, that could mean a pullback both in equities and in the value of the dividend stream once you tie that back to the U.S. dollar, even if you have underlying growth in the dividend in Asia.
CR: What about foreign taxes on those dividends? Obviously, if someone owns the stock in a taxable account they can qualify for foreign tax credit, but if they hold the stock in an IRA, they can't get the credit back from those taxes. Are the taxes high, or are they pretty low, in Asia?
JS: It really varies from country to country: Some will have none; some will have upward of 20% or so withholding tax. Another issue is also qualified dividend income (QDI). There, again, it varies, depending on whether or not each individual country has a tax treaty with the U.S. Income, if it comes from non-treaty countries, would be considered non-qualified. We try to get around that to a certain extent, sometimes by buying ADRs (American depositary receipts), where you can still qualify for QDI status.
CR: Regarding China, I know there's a lot of discussion about the banks and whether or not there's a housing bubble. What's your take on it? What are you seeing, in terms of where the economy's headed?
JS: I manage both our Asia Dividend Fund (MAPIX) and also our China Dividend Fund (MCDFX). The latter only invests within the greater China context, so it involves China, Hong Kong and Taiwan.
With both of the dividend funds, we do not invest in any of the Chinese financial companies. It's because of the lack of transparency in terms of the buildup of debt and the buildup of non-performing loans on the back of the stimulus lending that happened around 2009. That just means that we don't have transparency in terms of the growth of the underlying dividend, because these banks have been very busy raising capital at the same time as they're paying dividends. As we discussed, that just raises a flag for me.
In terms of the property developers, when it comes to real estate, we don't hold any of the real estate companies in China. Instead, we have gone to Hong Kong and we have gone to Singapore to find companies that hold Chinese assets. For instance, there's a REIT [real estate invesetment trust] in Singapore that holds a portfolio of mid-end malls in China. There you would achieve dividend yields of 6%–7%, depending on when you looked at the stock. But you would still get exposure to consumption and hard assets in China, for instance.
Up until very recently, buying consumer names in China was quite expensive in terms of the multiples you had to pay, and as a result you would achieve lower dividend yields as well. You have to, sometimes, use your imagination a little bit more in terms of finding proxies, because the most obvious proxies often will turn to out be higher priced in places like China, for instance.
CR: Are you noticing any difference in terms of dividend or payout policies for some of these Asian countries, in comparison with the U.S.? Are policies country-specific, or are they more dependent on the company?
JS: One example of a country-specific issue is what took place in Japan and led us to add Japan to our portfolio. Back in 2005 or thereabouts, Japanese companies went from having fixed dividend payments (no matter how well or poorly the business was doing) to a policy of paying out a dividend in relation to earnings.
Around 2005, we started seeing more and more companies come out in their three-year plans (companies there like to put out three-year forward plans) talking about dividend policies and about tying dividends to earnings for the first time. So that meant that we experienced dividend growth, in excess of already strong earnings growth, during this period as the portion of earnings paid out as dividends expanded.
Otherwise, in general, I would say, you would find, outside of Japan and South Korea, for the most part, cash is returned to shareholders via dividends. It's still very much plain vanilla, whereas in the U.S., going into the financial crisis, more cash was definitely returned to shareholders via share buybacks than via dividends. For the most part, for people who are looking for income, Asia is still somewhat, I would say, innocent, in the sense that most cash is returned to shareholders via dividends, as it used to be in the U.S., before management stock options and whatnot took over.
CR: Is there a certain level of payout ratio, and I know it varies by industry, that raises a red flag that maybe it's too high?
JS: Well, that goes back to why we look at the cash flow statement. We will say, "Okay, we can see that you're spending X billions or hundreds of millions of dollars. You are only generating this much cash flow, you're planning on paying a dividend of X, which means that now you actually have negative free cash flow that will have to be funded by debt or equity raising." This is what you have seen with the banks in China, for instance. They've been paying you out of one hand and raising capital with the other, which raises some flags for that sector more broadly.
But this is why we look at the cash flow statement. We engage management, and we ask them, is this something that is structural? Is this just transitory? Because sometimes you will have one year where a company needs to make a pretty hefty capital outlay, and if it's just a one-year investment, and if they say, "Okay, we will fund the dividend via debt for that one year, because we feel very comfortable about the long-term trend of cash flow," we are okay with that. But again, there has to be a rational explanation, so it's not year after year of dividends being funded out of debt or out of equity raisings.
Charles Rotblut, CFA is a vice president at AAII and editor of the AAII Journal. Follow him on Twitter at twitter.com/CharlesRAAII.
Robert from IL posted over 5 years ago:
The dividend payout of MAPIX was $.32+ in 2008, and then went up to $.47 in 2009, but then decreased in 2910 to $.45.4, probably because of currency translations. So this type of Fund effort is still very complex for individuals trying to build a dividend growth portfolio. See "Dividend Growth Investing" for a portfolio selection process that is global, and very low risk.
Rick from NY posted over 5 years ago:
I am considering adding this fund to my portfolio in an IRA. Now I have a concern about the foreign taxes applied to the dividends. Is this fund better for a taxable or non taxable account? Comments would be appreciated.
Charles from IL posted over 5 years ago:
Rick - You can only get a refund on foreign taxes if the fund is held in a taxable account. If you hold foreign investments in a tax-deferred account and are charged foreign taxes, you lose the amount. - Charles Rotblut
Rick from NY posted over 5 years ago:
thank you for your comment Charles
Barry from AL posted over 5 years ago:
I purchased one of the dividend funds recently after much study . This will be a core long term holding.
Micheal from GA posted over 4 years ago:
Our beloved USA is broke.... $15 trillion in Debt and climbing.....Investing outside of the USA is wise at this time and the next few decades.
George from PA posted over 4 years ago:
As in the US: a diversified strategy for Asia investments is safer than a non-diversified one.
MatthewsAsia recommends diversifying your Asian investments the same way that you do in the US: some in growth, some in value, some in large cap, some in small...
Dividend and interest paying funds can further diversify your Asian portfolio -- but few investors think of that aspect in the same breath as Asia.
For most people, Asia = Export oriented Growth and nothing more. Jesper Madsen's dividend oriented funds offer a very nice counterbalance. I have about 10% of my total portfolio in his funds.
Dawn Wride from OH posted over 2 years ago:
There are companies in the U.S. who are pretty sound paying dividends in the 6% to 12% range. Do you include them in your total portfolio?
Charles Rotblut from IL posted over 2 years ago:
Are you referring to AAII Dividend Investing?
The answer is no because we are not finding financially sound companies with both free cash flow and a record of raising their dividends with those levels of yields. We also do hold REITs or MLPs because of their different tax treatment.


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August 31, 2012
What's that Bird of Prey Eating?
We've had another visitor at the pond. Since it's a bird, Kimball was kind enough to write this week's post!
"Cooper's Hawks, Accipiter cooperii, such as this adult, have frequently been recorded by Sam Easterson's "camera traps" as they drink and bathe at the Natural History Museum's North Campus pond. These hawks are among the most conspicuous vertebrate predators in urban Los Angeles – a significant turn of events given that this species was on the National Audubon Society's "Blue List" as recently as the 1970s. The "Blue List" – a sort of early warning list of potential endangerment – included species "suffering population declines or range diminution in all or parts of their range." Cooper's Hawk populations have rebounded spectacularly in part because of reductions in the use of...
Posted by Lila Higgins at 11:54 PM | 0 COMMENTS

subset: commoncrawl


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UPS Drops $7B for TNT Express: Hot Trends
NEW YORK (TheStreet) -- Popular searches on the Internet include UPS(UPS) after the delivery company dropped its $7 billion bid for TNT Express.
UPS was forced to forgo its planned acquisition of TNT after European Commission officials told the companies the would veto the deal because they believed it would stifle competition. UPS said it was not prepared to modify the terms of the deal any further at the time.
The deal would have been the biggest in UPS' history.
UPS said it would pay TNT €200 million as a termination fee once the commission confirms it will block the deal. The EU is expected to do so early next month.
UPS had revised proposed concessions to the agreement twice. The companies had been prepared to provide rivals with access to the combined network and sell some assets, but the EU had reportedly been looking for a competitor similar in size to TNT to fill its position.
Swatch is trending as the company is set to buy the luxury jewelry business of Harry Winston for about $1 billion.
Swatch will pay $750 million in cash and assume up to $250 million in debt. The acquisition will allow Swatch, the biggest watchmaker by sales, to enter into the high-end jewelry market.
The acquisition includes the Harry Winston production company and about 500 employees around the world. The deal does not include the mining activities of Harry Winston Diamond Corp. The two companies do plan to explore opportunities for a joint diamond polishing venture.
Billabong is another popular search. The Australian surfing apparel company said it has received a competing takeover bid of 526.8 million Australian dollars ($555.5 million) from a U.S. group including clothing company VF Corp.(VFC) .
The bid from VF Corp. matches a previous offer Billabong received in December from a group including board member Paul Naude, Sycamore Partners Management and Bank of America(BAC) Merrill Lynch.
Billabong said it will be evaluating the offers over about six weeks. It said it will be determining whether it can secure a bid "at a price and on terms the board would recommend."
Billabong sold half of its Nixon Inc. watches and accessories brand and cut hundreds of jobs in 2012. It includes brands like Palmers Surf and Von Zipper, as well as its namesake brand.
The chatter on Main Street (a.k.a. Google, Yahoo! and other search sites) is always of interest to investors on Wall Street. Thus, each day, TheStreet compiles the stories that are trending on the Web, and highlights the news that could make stocks move.
-- Written by Brittany Umar.


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Corrositex Continuous Time Monitor Assay
The Corrositex® assay is a standardized and quantitative in vitro test developed as a replacement for the dermal corrosivity rabbit test. The Corrositex kit, manufactured by In Vitro International (IVI), uses a proprietary biobarrier membrane to model the skin for evaluating the potential dermal corrosivity of a test material.
A test material is evaluated based on its penetration through the biobarrier membrane into a Chemical Detection System (CDS). The time required for the test material to break through the biobarrier and into the CDS is determined. A U.S. Department of Transportation (USDOT) packing group is assigned based on the break through time.
The Corrositex® assay is presently the only in vitro assay approved by the U.S. Department of Transportation for testing potential corrosive materials and assigning packing group categories.
Assay Design: Quick Facts
Assay Model: proprietary biobarrier membrane
Detection Agent: CDS (chemical detection system)
Endpoint: the time required for a corrosive material to break through the membrane
For more information about testing your materials using this assay, please see Applications. Specialized protocols may be prepared as requested through consultation with an IIVS Study Director.


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No Hits? No Problem!
Tempe Angels manager Ty Boykin gathers his players on the field after they were no-hit Saturday by the Phoenix A's. Photo courtesy Rodney Johnson.
Eight days before, the Tempe Angels and Phoenix A's played at Tempe Diablo Stadium. Three Angels pitchers combined to no-hit the A's, winning 12-0.
On the same field, with the same teams playing, the A's no-hit the Angels last night.
But the Angels won anyway, 2-1.
Here's the recap of the game, as reported by official scorer Rodney Johnson. The game was tied 1-1 going into the bottom of the 9th. Fielding errors and walks forced in the winning run.
Another triumph for Moneyball. (That was sarcasm.)
Rodney was the official scorer for this game too. Click Here to read Rodney's report on the game. Below is a photo Rodney took of the scoreboard.
I asked Rodney, what's the record for most no-hitters scored by one official scorer in a season? I'm sure plenty over the years have scored two, but has anyone done more than two in a season? That would be a good trivia question.
1 Comment
The guy who runs that scoreboard does a great job too(nudge-nudge, wink-wink)
You know the funny thing is the A's never even made a great defesive play to keep the no-hitter in tact.
The Angels hit maybe one ball hard all night and it was an Alvaraez flyball to centerfield that was easily caught.
During the Angels no no, the AZL Angels made about 5 great great plays to save the no hitter.


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Series: Eight (1989)
The ASP was first released boxed in U.S. toy stores in 1989 as part of the Python Patrol. It was also available in 1990 and discontinued in 1991.
Easily Broken/Lost Pieces
The shields on the cannons are easily misplaced.
No variations of ASP are known to exist.
Vehicle Construction
The vehicle mold was repainted or retooled for the following vehicles:
Operation Crimson Sabotage (2004)
Versions of ASP
Reference InformationThe below information contains information about references to various collector's guides, Hasbro references, original retail prices, and other reference material related to ASP.
Original Retail: n/a
Hasbro Product: 6618
RAHC/Rank & File: n/a
Lee's Guide: n/a
Desimone Guide: n/a
Tomart's Guide: n/a
The Ultimate Guide: n/a
Action Figure Archive Guide: n/a
3 3/4" Vehicles - By Year
(Toys R Us Exclusive)
3 3/4" Vehicles - Alphabetical Listing
The only thing harder to keep track of than the 500+ G.I.Joe action figures released since 1982 are the many guns, backpacks, helmets, and knives that were included with the figures. With almost 1800 different G.I.Joe accessories, identifying them was once a long, arduous task. But not anymore.
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Moroccan accents, peacock feathers and jewel tones
For my July 2010 wedding, I wanted to do something with peacock feathers. While peacocks are native to South Asia, they are known to inhabit other areas and so I settled on the mystique of Morocco as a backdrop to feature beautiful peacock feathers and their gorgeous jewel tones.
Hindu mythology associates peacocks with the god Lakshmi. The feathers thus represent his qualities: kindness, patience and good fortune. Feathers are also a symbol of renewal. While many cultures view the symbolism of peacocks and peacock feathers differently, I chose to use them simply because of their beauty.


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I hope the rumor is true and Jalen Rose's contract will be bought out. Less chance that Isiah makes another foolish move and trade away an expiring contract for another loser and sending us further down salary cap purgurtory.
Jalen Rose didn't play on Friday and missed practice yesterday. His Ferris Bueller-like absences may mean the Knicks are trying to buy out his contract. Or it could be as simple as a knee problem.
Rose did not attend yesterday afternoon's open practice at Fairleigh Dickinson University in New Jersey due to "personal reasons," according to Isiah Thomas. The Knicks coach wouldn't answer a direct question about whether he would even make the team. When asked, Thomas instead gave the peace sign on his way to the team bus, smiling like a Cheshire cat.
Thomas elected not to play Rose Friday night against the Nets. The 33-year-old undoubtedly hoped to challenge for the small forward spot this season, but Thomas didn't play him much in the preseason.
[Only registered and activated users can see links. ]
I hope the rumor is true and Jalen Rose's contract will be bought out. Less chance that Isiah makes another foolish move and trade away an expiring contract for another loser and sending us further down salary cap purgurtory.
This would def be good for the knicks since it looks like Rose won't be getting much playing time. Who knows how long before he starts complaining about lack of pt and that is the last thing that the knicks need.
I agree,get him out now if isiah has no plans for him.This is gonna be a huge year and we dont need any passengers sitting around picking up a paycheck.
All I want to say is:
Nananana, nananana, heyheyhey...Goooodbyeeeee ;o)
SO who do we get to take that plast spot in the roaster?
Do we get a guard? Perhaps a vet who is KNOWn for defense at that position?
Do we get a PF? Can't cato and Frye and Lee play that position already?
Do we get a Center? Well we have THREE of them there too!
DO we get a 3? isn't that what Jalen already is? Why would we didtch him and get another?
TO me the only option we have to replace his spot is a guard. A guard who is a vet and is known to play hard as a vet. Like Gary Payton. He took a transition from starter to backup and did GREAT in his time on the heat!
those 4 players you are thinking abotu who recently got released was because they had no experiance. IT thought it better to bring in Cato who had experiance then to bank on 'un-proven' talent.
But we should get DEFENSE in that last roaster spot.
What has been the downfall of the yankees the past few years?
yet no matter how hard people cry for it they keep adding power to the lineup.
What has been the knicks downfall the past few years?
So why not use this new roaster spot to get a defensive minded veteran guard. We signed cato for 1 mil. We could find someone else like that. And if you don't think so, then where did Cato come from?
Jalen rose is ight. He hogs it too much and thinks he is john starks. Tell him he is not a star player, and to pass the ball
Isiah will probably use that last spot to bring in someone from the D-League, ala Jackie Butler and Ime Udoka. Hopefully he will spot another gem.
I have a bad feeling that the knicks are going ot go ahead and sign Quintel Woods. Theyll probably want to fill a forward position preferably SF. They might resign one of the guys they carried on their preseason roster.
Wow. What a waste of money! Can someone tell me why we traded for him? Arent expiring contracts trade chips? Buying him out is like admiting failure from the front office again. I'd trade him for a draft pick at the very least. Come on Knicks, why do you insist on making it so hard to defend the team?????
[Only registered and activated users can see links. ]
Lets see how long before someone picks him up.NEW YORK, October 30, 2006 – New York Knickerbockers President of Basketball Operations and Head Coach Isiah Thomas announced today that the team has waived guard/forward Jalen Rose. In four preseason games, the 12-year NBA veteran averaged 10.5 minutes.
The roster stands at 14.
why cant the knicks just have a 14 man roster? Why dont they just bring allen houston back for this year since they're still payin him? Nooooo leave it at 14


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Science Museum Free
The Science Museum is the most visited science and technology museum in Europe. There are over 15,000 objects on display, including world-famous objects such as the Apollo 10 command capsule and Stephenson's Rocket.
Our interactive galleries bring to life first scientific principles and contemporary science debates. Plus, you can experience what it's like to fly with the Red Arrows or blast off into space on an Apollo space mission in our stunning 3D and 4D simulators or watch a film on a screen taller than four double-decker buses in the IMAX 3D Cinema.
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GV Now
Keynote speaker urges MLK audience to create community
Posted on January 22, 2014
The second keynote speaker during Grand Valley's commemoration of the legacy of Dr. Martin Luther King Jr. energized the audience by making them feel uncomfortable.
Jeff Johnson, author and political commentator, gave a presentation January 22 in the Kirkhof Center. Johnson is a regular contributor to MSNBC and the executive editor of Politic365.com. He chairs the Jeff Johnson Institute for Urban Development, an institution committed to recruiting and developing 80,000 African American male teachers.
Johnson called the months of January and February a period of time "when it's acceptable to be black on campus," referring to MLK events and Black History Month.
"We get class credit for these events, and it's an interesting time, but it's not necessarily reality," he said.
Johnson pushed students and leaders to move beyond making a diverse campus to making one that is a community. He joked about college brochures that showcase diverse groups of students laughing, "and no one knows what they're laughing about."
"When you come to campus you seldom see that brochure or hear that conversation," he said.
He suggested getting to a community meant first challenging each other to do what's uncomfortable. "You need the ability to step outside the box to create relationships," he said. "It's the small interactions that have the biggest impact."
Prior to his presentation, two awards were presented, recognizing a community organization and faculty member for their commitment to diversity.
Jennifer Stewart, associate professor of sociology, received the first Faculty and Staff Service Award. Stewart established and continues to serve as advisor for Act on Racism.
The Urban Core Collective received the Community Service Award. The organization is a collaboration of many community outreach networks, including the Urban League, Baxter Community Center, Hispanic Center of West Michigan and others.
MLK Commemoration Week continues Thursday, January 23, with a discussion, "The Continuing Trial of Trayvon Martin: Profiling and Privilege," led by Louis Moore, assistant professor of history. Events conclude Saturday, January 25, with a Day of Service, coordinated by the Community Service Learning Center.
For details on both events, visit www.gvsu.edu/mlk.


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4 Comments
While this post is a beginner's guide, I have tried to insert a few pearls that might enhance everyone's experience, even sophisticated users of LinkedIn.
For those of you curious as to exactly what LinkedIn is I stole the following italicized text directly from the site:
LinkedIn is an interconnected network of experienced professionals from around the world, representing 150 industries and 200 countries. You can find, be introduced to, and collaborate with qualified professionals that you need to work with to accomplish your goals… in a global connected economy, your success as a professional and your competitiveness as a company depends upon faster access to insight and resources you can trust.
When you join, you create a profile that summarizes your professional expertise and accomplishments. You can then form enduring connections by inviting trusted contacts to join LinkedIn and connect to you. Your network consists of your connections, your connections' connections, and the people they know, linking you to a vast number of qualified professionals and experts. Through your network you can:
• Manage the information that's publicly available about you as professional
• Find and be introduced to potential clients, service providers, and subject experts who come recommended
• Create and collaborate on projects, gather data, share files and solve problems
• Be found for business opportunities and find potential partners
• Gain new insights from discussions with likeminded professionals in private group settings
• Discover inside connections that can help you land jobs and close deals
• Post and distribute job listings to find the best talent for your company
OK, I'm back.
When I spoke at the Vision Monday conference I addressed a room full of eye care professionals. Had I wanted to meet any of them, it would be easy to walk up and introduce myself. However, 99.9% of the time I am not in a room with 300 other eye care professionals. If I want to meet someone inside or outside of my industry I could contact them via email and hope the email doesn't go into a junk mail folder or get deleted by accident or perhaps, on purpose. The ideal situation would be to have a trusted friend or business associate in common who can make the connection. In regular life, these connections are hidden. As a member of LinkedIn, these connections are revealed.
The following link takes you to an excellent, short video that further describes the value of LinkedIn. Please visit http://www.youtube.com/watch?v=IzT3JVUGUzM [4] before you read on.
Now, let's set up your LinkedIn profile.
On the LinkedIn Homepage http://www.linkedin.com/ [5] go to the box titled "Join LinkedIn Today". I recommend using your business email, not personal. Fill out your "professional profile" as you want it to appear to business contacts. Take advantage of the screen that asks you to "search email contacts" as it will help to populate your profile with people you know already using LinkedIn and allow you to determine interconnections immediately.
Login and click the "profile" button on top. On the left side of the screen you will see an "edit my profile" section. It is VERY important that you take the time to craft these sections carefully. This is the area where first impressions are made. Be sure to fill in areas of "position,""education,""websites" and leave "twitter" blank unless you already utilize twitter as that will be the subject matter for a follow up post. At the bottom is a link to your "public profile." You can click this link to view how your LinkedIn profile appears to others, and how it will eventually appear when someone does a Google search for you. On the right side of the page is a box called "profile completion tips."
This is a guide to show you how completely you have completed your LinkedIn profile. The more complete your profile, the more exposure you will get on LinkedIn. You can visit my profile as an example of how your profile should look and be sure to invite me as a contact when you do!
Go to the "contacts" tab next. If you use a standard email suffix such as @yahoo.com or @aol.com, LinkedIn will search your email accounts for contacts already on LinkedIn and populate your contact list. To connect with other people, type in their emails in the "enter email address" box on the right of the contacts page. Your invites will have to be accepted for them to become a contact. Populating your LinkedIn with contacts is important, the more direct contacts you have, the more connections you will be able to discover.
Next tab over is the "groups" tab. This is the area sophisticated users of LinkedIn use to network, find information and build the reputation of their business, and the area that you will link to from your social network the most. The profile is basically static, you can connect with thousands of people if you want, but your active communication occurs through the "groups" section. The first thing you want to do is join groups relevant to discussions you have an interest in being part of. We will go to the "search groups" box on the upper left hand side of the "groups directory" tab page and type in the keyword "eye care" to see what comes up. One of the top groups for this particular search is "Eye Care Executives." Click "join group" on the right side of the page, choose your preference for receipt of group communications and you will receive a message of pending approval for group membership. Once you have been accepted you can enter the group and view tabs for "recent activities,""recent discussions" and "most comments." Tabs at the top publicize group-related news and job postings in the field.
You also have an opportunity to start a discussion within the group with the "start a discussion" tab. You will want to start your own discussions or participate in existing discussions when you start LinkedIn as it increases your profile within the site and within search engines, allows you to start networking and helps you familiarize yourself with how people interact with one another and how to navigate the site in general.
I encourage everyone to create their business "group" by going to the "groups" tab on the top, click "my groups" and then "create a group." Be sure to invite your LinkedIn connections to participate in your group and, to keep it interesting and growing, update it regularly with new discussions such as eyecare topics, things that are happening at your practice etc.
An example of what will happen when your network is large enough is you will take an article you wrote, perhaps on your website or blog and recreate a teaser in your LinkedIn profile, including a link back to the original article. People who are intrigued by your teaser will click the link and end up at your website. When search engines recognize the connection between LinkedIn and your website it increases your relevance for that particular topic within its algorithms, moving you higher in internet searches for that particular topic – this is one example of what "optimization" means for those of you who have heard the term "Search Engine Optimization" (SEO). It is these types of connections we will be attempting to increase for you, thus increasing your visibility in searches so patients are more likely to find you. This is the major reason to participate in social media suites and will be the topic of a future blog post.
You now are set up on LinkedIn and can start familiarizing yourself. One of our future posts will describe how to use LinkedIn in conjunction with other social media suites to maximize your followers and establish you as a leader in your LinkedIn network; someone people networked to you think of when they need eye care and someone who is sought throughout the network for your expertise. There is much more functionality to the website than I can describe here, so please message me through SightNation with questions or comments.
Intellectually, LinkedIn is a major technological leap forward for society. Never in history were connections made visible via any other technology. LinkedIn brings tremendous value to any social network and is the most popular site that brings both B2B and B2C to the table in one network.
- Alan N. Glazier, OD, FAAO
Shady Grove Eye and Vision Care
Rockville, MD
Twitter Handle: @EyeInfo
Blog: eyeinfo.wordpress.com
Website: YourEyeSite.com
It's all a bit overwelming at first. It is encouraging to see a step by step guide to getting started. Our practice has had a website for a few years and are looking at adding "video" but the whole facebook is pretty new even on a personal level. Wish me luck. Marcia Stauter
Back to SM & Your Eyecare Business: Get LinkedIn – Lesson 2 [7] »
Please let me know if I can help by emailing me at firstname.lastname@example.com
Best regards,
Back to SM & Your Eyecare Business: Get LinkedIn – Lesson 2 [7] »
Thanks for commenting. Let me know if you have any questions. As my column continues, I will be discussing interconnectivity between Facebook, LinkedIn and other important SM suites so stay tuned!
Back to SM & Your Eyecare Business: Get LinkedIn – Lesson 2 [7] »
Dr. Glazier,
Thank you for your pointers about LinkedIn. It became my business profile by default—I hadn't really heard of it until I started to work for the magazine, and the only invitations I saw came from coworkers and colleagues, so I created a bare-bones profile, only added a headshot recently, and I keep it updated ... most of the time. I've never been too sure what I could actually DO with it, though. I matured with Facebook (it caught on when I was still an undergrad), so that's second nature to me. But LinkedIn? I'm still learning its potential. So thank you for pointing me in the right direction!
Back to SM & Your Eyecare Business: Get LinkedIn – Lesson 2 »


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Anthony Pigliacampo believes the scalability of a quick-service restaurant model can be applied to a healthful concept. His evidence: Modmarket, a fast-casual restaurant he designed to offer simple, whole ingredients — locally grown or organic, when possible, and all freshly cooked in house. The first Modmarket restaurant opened in Boulder, Colo., in 2009, and the chain now has four units in the state. Pigliacampo, co-chief executive of the fast-casual chain, and business partner ...
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Subscribe To our E-Newsletter
Congregation Mikveh Israel
44 North 4th Street
Philadelphia, PA 19106
Congregation Mikveh Israel, known as the "Synagogue of the American Revolution," is the oldest formal congregation in Philadelphia, Pennsylvania and the oldest continuous synagogue in the United States.
Mikveh Israel, "The Hope of Israel," was founded in 1740 and is an unparalleled American Jewish Institution.
It has a two-fold tradition that is the synthesis of the Spanish-Portuguese Jewish ritual and the ongoing development of the American Jewish community.
Located in Philadelphia, Pennsylvania, at Fourth Street between Arch and Market, we are both an active community and proud progeny of a distinguished heritage and tradition.


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Fort Indiantown Gap
Fort Indiantown Gap (called the Gap by locals) is located in northern Lebanon
County, just off Exit 85B, I-81, The Gap is the home of the Pennsylvania
Department of Military and Veterans Affairs and the Headquarters, Army
and Air National Guard. The largest employer in Lebanon County, the Gap
is one of the premiere National Guard training sites in the United
States and provides a wide array of training for active and reserve
components of the Army, Air Force, Civil Air Patrol, law enforcement
agencies, and other authorized users.
Visitors are welcome to drive through the Gap, except for the
training corridor and a few restricted areas. Comprised of about 17,000
acres, the "Garrison" portion of the installation, where buildings are
located, consists of 5,000 acres with about 12,000 in the training
Muir Army Airfield, the sixth busiest airport in Pennsylvania, is the
base of operations for a wide variety of rotary wing (helicopter) and
fixed wing aircraft, including Blackhawk, Chinook, Apache, Huey, and
Kiowa helicopters. There are a number of historical and military
displays nearby including the restored Range House at the PNG Military
Museum, the 28th Division, the 95th Division and Battle of the Bulge
monuments, the Air National Guard F-102 and the EC-130 static displays,
helicopters static display, Nike missiles, the 40 & 8 French
railroad boxcar - Merci or French Gratitude Train, and the Stevedore
Training Site.
The Lieutenant Governor's residence, a fieldstone mansion, is located
near the main entrance. Immediately adjacent to the Gap is the
Indiantown Gap National Cemetery and the Pennsylvania Veterans memorial,
both of which are open to the public and are well worth the visit.
musicals, and dramas fill the stage in the theater at Stoever's
Dam Park, known as the Lebanon Community Theatre.
in our 51st year of providing quality, live entertainment to the
community as patrons from all over south
central Pennsylvania travel to Lebanon to see many talented
people both on the stage and behind the scenes who volunteer
their time to entertain you.
Just south of the Lebanon
County line on Route 72, Her Majesty, Queen Elizabeth, is waiting for you to
live the excitement and adventure of the era when there were jousting knights,
Shakespearean plays, musical performers, puppet shows, magic acts and daring
stunts. Enjoy period foods, micro-brewed ales and sweet wines from 23 Royal
Kitchens or shop from scores of Renaissance merchants.
The PA Renaissance Faire runs weekends over the summer. The Faire grounds also feature the Mt. Hope Winery and host events throughout the year.
For more information, visit http://www.parenfaire.com/


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An official publication of the American Academy of Neurology, Neurology Now® is an award-winning magazine written for people with neurologic disorders and their caregivers. Neurology Now features the latest information on the advances in the diagnosis and treatment of neurologic diseases, expert advice about wellness and disease prevention, discussions of new medications and therapies, and strategies for coping with neurologic disorders and the life changes that may accompany them.
|Departments: From the Editor
|precious gifts: donating organs can save lives-now, and in the future.
|letter: neil cavuto. - Moseley, Sally
|the editor responds.
|letter: ask the experts: adhd. - Allen, Carolyn
|letter: hydrocephalus. - Edds, Casey
|the editor responds.
|letter: speak up for stroke. - Amster, Caryn
|the editor responds.
|letter: speak up: alzheimer's disease. - Hunter, Shellie
|letter: obstructive sleep apnea.
|the buzz on neurologynow.com.
|neurology now for the ipad.
|Departments: The Waiting Room
|this way in: are "medical foods" marketed to improve symptoms of neurologic conditions such as dementia worth the money?. - Cajigal, Stephanie
|neurobics: total perfection. - Scott, Kim
|destinations: morgan's wonderland, san antonio's accessible amusement park. - Twardowski, Barbara, Twardowski, Jim
|advocacy: huntington's disease youth organization.
|neurobics answers. - Scott, Kim
|Features: Josh Blue
|serious laughs: comedian josh blue gets serious-well, sort of-about his cerebral palsy. - Rukovets, Olga
|Features: Brain Donation
|one precious gift: families donate brains to answer their own questions-and those of science. - Talan, Jamie
|Features: Brain Tumor
|navigating life with a brain tumor: behind the scenes of the american academy of neurology's new book for patients and caregivers. - Farley, Todd
|Departments: Penny Wise
|stop, thief: how to protect yourself against medical identity theft. - Kimberlee, Roth
|Departments: Clinical Trial Watch
|searching for the early signs of alzheimer's disease. - Valeo, Tom
|Departments: Resource Central
|resources for cerebral palsy.
|neurology now books.
|assistance directory: where to go for more information on the topics discussed in this issue of neurology now and for a directory of patient advocacy organizations.
|Departments: Speak Up
|is silence really golden?: confronting the unspoken truth of my father's parkinson's disease. - Valles, Jennie


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We're In!
Yanks are Officially in the Playoffs!!!
The Yankees were playing so badly that I thought they were on the verge of a catastrophic collapse. It was sickening…embarrassing…the team was dead. I remember them being 2 wins away – so close I could almost taste it – and yet I felt those 2 wins might have well been 200, because I didn't think there was any way they could win the way they were playing. But that's all over now. With just 3 games left to play, the Yankees are tied for first with those pesky Rays in the AL East. Homefield advantage would be nice, but I don't really care about it as much as I did a few days ago. I'm just THRILLED that the Yankees are in the postseason! I think that if they win the ALDS, then they are going all the way. But I'm getting ahead of myself: I want to talk about how we clinched!
September 26, 2010. Yankees vs. Red Sox. A game I surely thought the Yankees would lose, especially because they were losing 1-0 in the 7th inning, having shown zero signs of life with the bat. But all that changed with 1 swing of the bat by The Drama King himself, Mr. Alex Rodriguez. His 2-run homer in the 7th gave the Yankees a new life, and their first lead of the night. They were ahead 2-1.
Just like last year, Alex is arguably the most important player for the Yanks.
I thought that would be enough for them to win…but Mariano Rivera was icky – VERY icky – in the 9th, allowing 2 runs and letting the Yankee lead slip away. 3-2 Red Sox. But in the bottom of the 9th, Robbie Cano singled sharply with the bases loaded, tying the game. For the first time in ages, the Yankees were showing fight. They weren't done yet.
In the 10th, Curtis Granderson led off with a single and Brett Gardner laid down the perfect bunt for a single. For some reason, which still seems mindless to me, the Red Sox intentionally walked Derek Jeter, to LOAD THE BASES WITH NO ONE OUT. Why on earth would anyone do that? ESPECIALLY when the other team can get a walkoff? I don't know.
Patience proved to be a virtue for my Yanks and Juan Miranda. His patience at the plate and great at-bat resulted in a walk – a WALKOFF WALK, and the Yankees won 4-3. Sadly, I didn't see any pies fly. But that's okay…I was just glad to see them win!
Thank you, Juan!!!
The Heroes for this Victory which brought the Yankees magic number down to 1 were Phil Hughes, for his starting effort, A-Rod, for that super-clutch homer, and Juan Miranda for the walkoff.
The clincher came on September 28 against the Blue Jays, and the Yankees couldn't have had a better guy on the mound for a game of this importance. CC Sabathia was fabulous, throwing over 8 innings of 1-run ball.
CC was his usual C"Cy" self, but what impressed me most about this win was the offense: the Yankees built every one of their runs. A-Rod, Teixeira, and Cano had sac flies. A-Rod also had a bases loaded walk. Greg Golson had an RBI groundout. There were no home runs. Everything was built, and that's good. In the postseason, the Yankees are going to have to be able to score like that if they want to win. And they do want to win. So they'll have to.
The Yankees won this game 6-1, and had a little fun with the bubbly. Watching my boys run around pouring ice cold champagne on each other's heads is enough to make me smile any day.
The Captain gets a taste.
My Cutie-Curtis Granderson gets his first ever taste of postseason parties.
A bunch of my goofy boys ♥
I can't decide how I think the Yankees will do in the postseason this year. Do I think they are as good as last year? I don't know. There were a few bad stretches last year, and I guess I didn't notice as much because the struggles weren't right before the season's end. This year's struggles arrived at a more nerve-racking time.
Even so, I don't think anyone, even myself, has the right to or should predict the Yankees postseason success. The postseason is a whole different animal. I enjoy it. But it also makes me a wreck – even when they win. I can't take the pressure.
With that said, I'm going to enjoy these final three games of the regular season in 2010.
7 Comments
Congrats on getting in the postseason! Now it's my Padres' turn to get in by either wild card or NL West😉
I can't take the pressure either, but I'm happy to be able to try! So exciting that we made it in. Whew.
Congrats on your playoff berth. All that stuff I heard over the radio all day long about the Yankees partying too much was nonsense! I sure hope Andy can pitch. I think it's all in his hands. We'll see.
Congrats on the playoff berth. Today is double header day for the Yankees in Boston wow could it get any more tense
You never really doubted this would happen though, did ya? Now we have to wait and see how far they can go…. I love this time of year — and being a Yanks fan I'm sure you do too!
I guess we settle for the wild card and the Twins and playing more games on the road and not having home field advantage. with the odds stacked against us hopefully we can pull this out and win another world series.


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September 11, 2013 —
NARROWSBURG, NY — Jim Gaudet and The Railroad Boys, a national bluegrass band on the rise, will open the Tusten Theatre's fall season on Saturday October 5 at 8 p.m. With the Railroad Boys, Mat Kane (violin), Bobby Ristau (upright bass) and Sten Isachsen (mandolin), Gaudet, the lead guitarist and singer, anchors his songs in classic roots music with a driving style firmly rooted in Americana. The band's fourth CD, "Reasons That I Run," highlights the latest collection of Jim's stories and songs, with stories that range from not wanting to dance to a DJ at a family get together ("I Ain't Getting' Up"), to the murder of a gypsy boy in the quest of rescuing the girl with the golden hair ("Justify My Soul"). Tickets are $20 ($ 18 advanced sales for DVAA members).
The season continues when Delaware Valley Chamber Orchestra takes the stage on Saturday, October 11, 8 p.m. to present a new work by Kevin Vertrees, "Fluid Dynamics." Created for four woodwind instruments and string quartet, Vertrees' piece will share the program with works by Malcolm Arnold and Bela Bartok. Admission is $15.
On Saturday, October 19, NACL presents "Shakespeare's Will," written by award-winning playwright Vern Thiessen. Performed as a chamber concert by Tannis Kowalchuk, with sound and music by Kurt Knuth, costuming by Karen Flood, and direction by Mimi McGurl, this full length one-act solo performance sheds light on William Shakespeare's wife, Anne Hathaway. The play looks through the eyes and heart of a woman and mother who spent a lifetime with and without the great poet. Admission is $20 ($18 advanced sales for DVAA members).
The Tusten Theatre fall season ends with a bang, on Saturday, December 7 with "Once Upon A Time: The Best Holiday Show Ever – Even If You've Seen Them All!" This new holiday variety show featuring singing, dancing, and comedic acting is directed by Dave McCracken and produced by DJM Productions, in association with the DVAA. Shows will be held at 2 p.m. and 7 p.m. Admission costs $15 with discounts for seniors and children under 16 (not appropriate for under 5 years old).
The Tusten Theatre is located at 210 Bridge Street, Narrowsburg, NY. The fall series is presented by Delaware Valley Arts Alliance. For tickets or information call 845-252-7272 or visit www.ArtsAllianceSite.org [1].


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Please use this identifier to cite or link to this item: http://hdl.handle.net/1959.3/82401
- Title
- Laplace transform analysis of a multiplicative asset transfer model
- Author(s)
- Sokolov, Andrey; Melatos, Andrew; Kieu, Tien
- Abstract
- We analyze a simple asset transfer model in which the transfer amount is a fixed fraction f of the giver's wealth. The model is analyzed in a new way by Laplace transforming the master equation, solving it analytically and numerically for the steady-state distribution, and exploring the solutions for various values of f ∈(0,1). The Laplace transform analysis is superior to agent-based simulations as it does not depend on the number of agents, enabling us to study entropy and inequality in regimes that are costly to address with simulations. We demonstrate that Boltzmann entropy is not a suitable (e.g. non-monotonic) measure of disorder in a multiplicative asset transfer system and suggest an asymmetric stochastic process that is equivalent to the asset transfer model.
- Publication type
- Journal article
- Research centre
- Swinburne University of Technology. Faculty of Engineering and Industrial Sciences. Centre for Atom Optics and Ultrafast Spectroscopy
- Source
- Physica A: Statistical Mechanics and its Applications, Vol. 389, no. 14 (Jul 2010), pp. 2782-2792
- Publication year
- 2010
- FOR Code(s)
- 0105 Mathematical Physics; 0206 Quantum Physics
- Keyword(s)
- Boltzmann entropy; Laplace transform; Master equation; Wealth distribution
- Publisher
- Elsevier B.V.
- 0378-4371
- Publisher URL
- Copyright
- Copyright © 2010 Elsevier B.V. All rights reserved.
- Peer reviewed


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Narrowsburg chruch burgler sentenced
April 19, 2013 —
District Attorney Jim Farrell announced today that Joseph Flora, 19, of Narrowsburg, N.Y. was sentenced to 2 1/3 to 7 years in state prison for the burglary of the St. Paul's Lutheran Church and the Western Sullivan Library in Narrowsburg on September 20, 2012.
Farrell said that Flora and another man, Michael Wilson, 18, of Callicoon, N.Y., burglarized the church and the library, stealing silver chalices and other religious items from the church and stealing computers, a flat screen TV and other electronics from the library.
The pair were arrested by members of the New York State Police after an investigation into the burglaries. Most of the stolen property was recovered and Flora was ordered to pay restitution for those items that were not recovered.
Farrell said, "This burglary was particularly troubling as the two young men targeted a place of worship and a community library. They had no problem stealing sacred religious items that had enormous significance to the congregation and electronics from the library that were in the library for the use and benefit of the whole community. All of this did not seem to matter. The state prison sentence here was clearly warranted and sends a strong message that if you target our places of worship or our public buildings for theft - just like our homes - you will see the inside of a prison."
Wilson has also pled guilty and is expected to be sentenced on June 28, 2013.


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Even if you're undocumented, you still have rights! Learn more, get help
EEOC Publishes Factsheet for Survivors of Domestic Violence
This Domestic Violence Awareness Month, the Equal Employment Opportunity Commission (EEOC) has published a new fact sheet describing the ways in which federal anti-discrimination laws protect survivors of domestic violence, sexual assault, and stalking at work. The EEOC district offices are also now conducting trainings to community groups on this important topic. To request a training, contact an EEOC outreach coordinator.
Legal Aid Society – Employment Law Center's Project SURVIVE helps survivors of abuse preserve their jobs while they take time off to seek court relief and services, obtain the accommodations they need, and fight discrimination so they can remain economically independent and safe.
"We are thrilled that the EEOC is taking steps to inform and protect survivors of violence" said Julia Parish, project attorney. "Vulnerable workers should not have to choose between safety for themselves and their children and maintaining their jobs."
If you have questions about your rights in the workplace as a survivor of domestic violence, sexual assault or stalking, please call the SURVIVE helpline at (888) 864-8335 (toll free in California) or (415) 864-8848 (outside California) and for more about the Project visit our website.


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lo is two wks old, he is my third. I have two older boys aged just 3 and 2 at the end of this month, dh is about to go back to work on monday, i have over the last two wks been ebf ( just) but i have sat for hours just feeding, i have not been able to play with my other two, or do anything as baby has been attatched 24/7. I feel so guilty about not being able to do anything with the other two , but also feel rotten as yesterday and this morning so far lo has had formula for most feeds. I will need to look after all three boys come monday and i cant justify bf at the expense of looking after my other two. I feel so bad, I want to bf so much, ( with ds1 he would not latch on, mouth to small and he would just not latch, ds2 i had PP and was in no state to do anything, this time around ds3 has latched on, no soreness, no nipple problems, he just wants to feed all the time. with dh at home not so much a problem, but as said with just me , I cant do it.
If there is any advice, anything to increase milk supply, ideas to keep boys entertained while feeding, ideas how to get even 30 min in between feeds to do things with my other two or even sort out their foods..


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General rule
Lead sheeting or magical protection blocks a scrying spell, and you sense that the spell is blocked.
What does, apart from putting yourself in a constant leadsheeted house, help against scrying? I have a powerful wizard who knows his sister is being scryed on daily, but can't seem to do anything against it?
**F (a silver mirror worth 1,000 gp) <- tis does not get destroyed, so as soon as she has one, it's scry-time..
Nondetection: 50gp per day sounds a bit harsh.
Detect scrying would let me know, but within 40ft.. Means i have to eat/sleep/... with my sister, and I still can't do anything about it.
|Noir le Lotus
True, thanks.. He is level 12 though :P
And level 8 spell vs level 4 spell... Seems really really unfair.
And what bugs me, you would never be safe.. You would have to prepare it every morning, for the rest of your life.. While the scryer can pick his moment... and sometimes, you just won't know, so you have to be careful :s
|Cult of Vorg
Yup. Just like if you pay attention to what modern surveillance technology can do. Live crazy paranoid or get used to no privacy.
If sister doesn't use magic, then a (Un?)Hallow with a Dispel Magic rider should get a free auto-dispel against that Scry sensor every time it enters the area.
Lead lining the house would certainly work. DM call as to effectiveness.
Dimension Lock the area, so that even if they're scrying, she doesn't have to worry about a full on scry/teleport/die.
Why do they care about scrying her? If it's for info gathering, then start controlling the info stream to manipulate the scryers.
Preferably, rather than protecting her from the scrying, hang out until you detect an attempt, make the check to get its caster's image and direction. Alternatively, Spell Turning or ring thereof on the sister so she scrys them instead.
By this or other ways, get enough info to visit the scryer and make sure they never scry again.
|Darth Grall
This is a pretty evil idea, but someone else on the boards came up with it and I thought it was pretty neat.
First you detect when she's been getting scryed on.
While being scryed, kill her.
Presumably once dead the scryer will stop.
Double check that they aren't scrying on you.
Take her corpse to a cleric & revive her.
I like to think of it as "Extreme Witness Protection".
This is a pretty evil idea, but someone else on the boards came up with it and I thought it was pretty neat.
First you detect when she's been getting scryed on.
While being scryed, kill her.
Presumably once dead the scryer will stop.
Double check that they aren't scrying on you.
Take her corpse to a cleric & revive her.
I like to think of it as "Extreme Witness Protection".
I frikking love it :D
Rick, keep in mind that after being killed by her brother... her soul may not be willing to return to its body. Also, it's about as expensive as the rest of your options... lead-lining a single room is significantly cheaper.
You can't make the perception checks to know when the scrying sensor is present in order to censor yourself? +Perception items or a hireling with high Perception might be another option (hireling could double as a guard and might cost as little as 1g/day instead of the 50g/day for nondetection.)
Instead of working against your DM, though... work with them. Use some diplomacy/gather information and track down an inn or tavern that is already led-lined. If you can't manage that, track down an NPC who can.
Some lateral thinking is going to be your best option. As a final note; keep in mind that the scryer can probably communicate through their sensor. Every sensor you detect is a chance to communicate with them and try to reach a diplomatic resolution.
Do you know why she's being scryed upon? And do you know how -> Scry, Clairvoyance, a magic item. The more information you have about your Scryer the better off you are. If, for example, she's using a Mirror you could smash it (or steal it).
Does you sister need to remain active and conscious? If not you could potentially Sequester her. Just as effective as Mind Blank vs divination magic but would render her both Invisible and comatose for the duration (as well as protected vs divination).
Screen could potentially let you stage a scene (of her death or almost anything else to throw off the scryer).
The drawback of either of the above is both Sequester (7th) and Screen (8th) are spells above your current casting abilities. Sequester also assumes your sister is willing.
Another possibility that you might make work that's within your potential casting ability would be to pair up False Vision with using Invisibility of some sort for a "poor man's" Sequester. Just need to make sure your sister is close enough to the center of the 10ft zone the scryer sees to not make it apparent something is amiss.
|Cult of Vorg
Cult of Vorg wrote:...you detect an attempt, make the check to get its caster's image and direction.
You can do that?
Also: the wizard already knows the scryer, but she is out of his league.. :s
School divination; Level bard 4, sorcerer/wizard 4
Casting Time 1 standard action
Components V, S, M (a piece of mirror and a miniature brass hearing trumpet)
Range 40 ft.
Area 40-ft.-radius emanation centered on you
Duration 24 hours
Saving Throw none; Spell Resistance no
You immediately become aware of any attempt to observe you by means of a divination (scrying) spell or effect. The spell's area radiates from you and moves as you move. You know the location of every magical sensor within the spell's area.
If the scrying attempt originates within the area, you also know its location; otherwise, you and the scrier immediately make opposed caster level checks (1d20 + caster level). If you at least match the scrier's result, you get a visual image of the scrier and an accurate sense of his direction and distance from you.
Even if the odds are against you, you only need to be lucky once to ID the scryer, then the party has a new target. There's very little a determined adventuring company cannot accomplish.
If you already know who's scrying, then you just need to know why, and work it from that angle. Resolve that. Again, if it's just to get info, then control that info.
If the scryer's out of your league, then make allies that are also out of your league and pit them against her. Get protected by joining a rival organization. If she's got enemies, see if you can help them take her down.
Slightly more complicated plot to end the scrying:
Find yourself a random humanoid corpse and use the sculpt corpse spell to duplicate the sister. Place the corpse in the bed, with the sister either standing by invisible or hiding under the bed. Summon a critter of some sort to maul the corpse once scrying is detected.
Slightly less savory option: same as above, but animate the dupli-corpse as a zombie and still kill it. You get some movement out of it that way.
If you could somehow get her to use a scroll of twine double, she could use that to throw off the scrying attempts. Only problem with twine double is that it takes 10 minutes to cast, but lasts for only 1 minute per caster level. That may be an error, but that's how it's written.


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Ian Williams / NBC News
The headquarters of Aung San Suu Kyi's pro-democracy political party, the National League for Democracy (NLD) in Yangoon, Myanmar was teeming with people coming and going on Tuesday.
YANGON, Myanmar – A dilapidated three-story house on Yangon's busy Shwe Gone Dine Road has become the unlikely focus of celebration and hope over the last few days.
It used to be a place of fear.
The house is the headquarters of Aung San Suu Kyi's pro-democracy political party, the National League for Democracy (NLD), which swept most of the votes in Sunday's by-election.
There were wild scenes here as thousands gathered after the polls closed Sunday and reports began to emerge about the scale of the victory – the NLD won 43 out of the 44 seats in parliament they contested. Suu Kyi, the country's longtime democracy icon who won one of the parliamentary seats, gave a speech from the gate of the NLD's headquarters Monday. She proclaimed the election a triumph for the people and the start of "a new era" for the long-repressed country.
Suu Kyi hails 'triumph of the people' after Myanmar election win
When I visited the house on Tuesday, the cramped and usually gloomy reception area was packed with well-wishers. On the sidewalk outside, stalls selling t-shirts, caps and bandannas were doing a brisk trade.
Yet there was a time not so long ago when visiting here could be a nerve-racking experience.
Ian Williams / NBC News
The tea house opposite the National League for Democracy (NLD) headquarters in Yangon, Myanmar where military intelligence used to monitor the comings and goings at pro-democracy leader Aung San Suu Kyi's party.
Close call
Across the road sits a small tea shop that was always packed with military intelligence officers who would photograph people coming and going from the house. They would note car registrations and follow visitors in their beat-up white Toyotas when they left.
A few years ago, during a time when Suu Kyi was briefly at liberty (she was under house arrest for about 15 years) I did a TV interview with her at the party headquarters, only to be followed to the airport by one of those beat-up Toyotas. I was detained with my cameraman and taken to a small room where military intelligence officers methodically went through our luggage, confiscating several video tapes.
Eventually, minutes before our flight, they told us to go. We slipped on our shoes, which in accordance with Buddhist tradition, had been left outside the room.
My cameraman appeared to be walking awkwardly toward the plane. It was only after we had boarded the plane and were well on our way to Thailand that he produced from his left sneaker the key tape from the interview.
It had sat there tucked in his shoe outside the room throughout our brief detention.
Of course, after we broadcast the interview, I was black-listed from entering Myanmar for about a decade.
Aung San Suu Kyi spoke to crowds of cheering supporters saying she hoped it would be a new beginning for the country. NBC's Ian Williams reports.
A new era
Among journalists there are many similar stories about the NLD headquarters. Some of the funnier ones focus on the sometimes extreme lengths reporters would go to disguise themselves from the prying cameras of the spooks, who in turn would go to absurd lengths to creep up on the reporters with their large and unwieldy cameras. They sometimes resembled a grotesque cross between George Orwell and the Keystone Cops.
There was, however, nothing funny about them to those who risked their lives working for the NLD and whose latest and usually disheartening briefings we went to hear.
How things have changed.
On Monday, television crews were traipsing through the military intelligence's tea shop to climb a hill behind it in order to get a better shot of the NLD house. It seemed like the ultimate indignity for the men whose word has been law here for decades.
But they haven't completely abandoned their old haunt. As we came back down the hill and around the back of the tea shop we were confronted by an officious-looking man with a dog-eared notebook demanding to know our names.
We ignored him and left.
As our van pulled away I couldn't help but look behind, searching for the beat-up Toyota on our tail.
It was nowhere to be seen, which might sound trivial against the background of the weekend's historic elections, but in its own way it's an enormous sign of change.
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'South Park' Creators To Launch Production Studio
South Park creators Matt Stone and Trey Parker are launching their own production company.
The comedy duo has formed Important Studios for future TV and film projects, including a possible big-screen adaptation of their hit Broadway musical, "The Book Of Mormon."
Stone and Parker are looking forward to taking charge, telling the New York Times, "Having worked with several different studios over the years, we came to realize that our favorite people in the world are ourselves."
The creative partners, and best pals, are modeling their new venture on Steven Spielberg's DreamWorks movie studio and George Lucas' Lucasfilm.
Stone adds, "In some ways it's a stupid comparison because they are gargantuan. We want to be a smaller, more humble version of that. If DreamWorks is Walmart, we are over here knitting sweaters."