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This year's Academy Awards were praised by many for tackling pressing issues including the lack of diversity in Hollywood and global warming, but the topic of sexual assault was one of the biggest of the night, with Vice President Joe Biden and singer Lady Gaga pushing for the end of rape culture.
Tag Archives | academy awards
Oscars disregard diversity
By Campus Times Editorial Board on February 23, 2015 in Editorials, Opinions
The 87th Annual Academy Awards were held Sunday and once again, were dominated by whites in all categories. It is no question that people of color are severely underrepresented at the Oscars.
Films worthy of Oscar gold
By Branden del Rio on February 25, 2011 in Arts, Etc., Movies
This year there are 10 films up for the Best Picture Award including "Toy Story 3," "127 Hours," "The Kids Are All Right," "Inception," "True Grit," "The King's Speech," "Black Swan," "The Social Network," " The Fighter " and "Winter's Bone."


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Hughes, Christopher G. MD1; Girard, Timothy D. MD, MSCI2,3; Pandharipande, Pratik P. MD, MSCI1
Objective: The updated clinical practice guidelines for the management of pain, agitation, and delirium recommend either daily sedation interruption or maintaining light levels of sedation as methods to improve outcomes for patients who are sedated in the ICU. We review the evidence supporting both methods and discuss whether one method is preferable or if they should be used concurrently.
Data Source: Original research articles identified using the electronic PubMed database.
Study Selection and Data Extraction: Randomized controlled trials and large prospective cohort studies of mechanically ventilated ICU patients requiring sedation were selected.
Data Synthesis: The methods of daily sedation interruption and targeting light sedation levels (including avoidance of deep sedation) are safe in critically ill patients with no increase, and a potential decrease, in long-term psychiatric disturbances. Randomized trials comparing these methods with standard care, which has traditionally involved moderate to heavy sedation, found that both methods reduced duration of mechanical ventilation and ICU length of stay. Additionally, one trial noted that daily sedation interruption paired with spontaneous breathing trials improved 1-year survival, whereas a large observational study found that deep sedation was associated with decreased 180-day survival. Two common characteristics of these interventions in trials showing benefits were avoidance of deep levels of sedation and significant reductions in sedative doses, especially benzodiazepines. Thus, combining targeted light sedation with daily sedation interruption may be more beneficial than either method alone if sedative doses are reduced and arousal and mobility are facilitated during the ICU stay.
Conclusion: Daily sedation interruption and targeting light sedation levels are safe and proven to improve outcomes for sedated ICU patients when these approaches result in reduced sedative exposure and facilitate arousal. It remains unclear as to whether one approach is superior, and further studies are needed to evaluate which patients benefit most from either or both techniques.
© 2013 by the Society of Critical Care Medicine and Lippincott Williams & Wilkins
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Fireplaces 2
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Outdoor Lighting, Patio: Covered, Walkout
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Lot: Curb & Gutter, View: Lake, View: Mountain
Roof: Asphalt Shingles
Exterior: Asphalt Shingles, Stone, Stucco
Patio/Deck: 1 Patio 0 Deck
Garage/Parking: See Remarks
Driveway Concrete
Garage Capacity: 3
Other Features Include:
Subdivision: FRENCH COUNTRY ESTAT
Inclusions: Ceiling Fan, Microwave, Range, Range Hood, Refrigerator
Amenities: Cable Tv Available, Cable Tv Wired, Electric Dryer Hookup, Exercise Room
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Information deemed reliable but not guaranteed accurate. Buyer to verify all information.The multiple listing information is provided by Wasatch Front Regional Multiple Listing Service, Inc. from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2014 Wasatch Front Regional Multiple Listing Service, Inc., All Rights Reserved. The information provided is for consumers, personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.


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Interview questions
0 I have an interview next week for the FNP BSN-DNP program at Oklahoma City Univ. Does anyone have any interview tips or example questions?? Anything would be much appreciatedApr 26, '13 by StaceyveshHi
Did you have your interview yet ???
I'm also wondering what kind of questions get asked.Apr 27, '13 by secretagent2011Nope it's Monday! Ill let you know what they ask. It said it will only be 20 mins!Apr 27, '13 by StaceyveshPleasApr 27, '13 by StaceyveshPlease do!!! I have mine on Tuesday!!! How are you preparing for it?? Good luck!!Apr 28, '13 by secretagent2011Where are you interviewing? And I've been reading questions online and had some friends send me what they were asked. Also my dad is a physician and his friends have been asking me what they ask in med school interviewsApr 28, '13 by StaceyveshI'm in canada.... Do you have any tips that you can share from your friends or dad???Apr 28, '13 by secretagent2011Know the diff between PA and NP, what setting you see yourself working in, weakness/strengths, why you want to do NP, do you see physicians as peers or superiorsApr 28, '13 by StaceyveshThank you!!!!Apr 30, '13 by secretagent2011My interview was very tough. They asked what I would do my capstone over, asked if I would legally be able to prescribe insulin, what my scope of practice would be, what symptoms I would expect to see in my future patients.May 1, '13 by StaceyveshMine was very general. Very laid back and I felt like I did pretty well. Yours does sound like it was hard, wow. When do u find out if you get in?May 2, '13 by secretagent2011Letters/emails go out today. I'm assuming if I don't get an email today that I didn't get it. I've heard bad news always comes through mail. What about you?May 2, '13 by StaceyveshMay 16 by either a phone call or nothing. So did u hear?
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Today's Horoscope by Rick Levine
We have time to integrate recent experiences as our lives quiet down a bit. Although we still might try to explain our feelings to someone we love, our words don't fully express the situation as the dramatic Leo Moon squares talkative Mercury. If we put our thoughts out into the open, we may attract more attention than we really want. Most of us could benefit by shining a spotlight on others and appreciating them for what they add to our lives.
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We've finally been graced with warmer temps here in New York, and the change in...View more
Recipe: Pasta with Tomato Porcini Cream Sauce, Pancetta and Peas
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Browse other items in the Mirage collection from Wayside Furniture in the Akron, Cleveland, Canton, Medina, Youngstown, Ohio area.
A new precedent for modern living, the Harlow Bed offers you not one, but two cleverly designed headboards for the price of one. The headboard is made out of reversible panels, giving you the choice to display the side of your choosing. One side features figure patterns of Mappa Burl behind Walnut fretwork, while the other is simply matching Walnut over Walnut. Whichever side you choose, there is no denying the elegant look emulated through the use of clean modern lines displayed throughout the headboard, footboard and frame. Available as headboard only.
The Mirage California King Harlow Reversible Panel Bed by Lexington from Wayside Furniture. We proudly serve the Akron, Cleveland, Canton, Medina, Youngstown, Ohio area. Product availability may vary. Contact us for the most current availability on this product.
Those passionate about modern design find their inspiration in bold, imaginative styling that retains its authenticity and enduring appeal. The most compelling designs start withfamiliar elements and then captivate the eye with evolutionary lines, remarkable materials and an entirely fresh perspective.Introducing Mirage. The elegance of rich Walnut veneer, the figured patterns of Mappa Burl, and the brilliance of polished stainless steel impart a swagger to chic contemporary lines. Refined metropolitan styling and a convergence of diverse elements embody a lifestyle with the lure of an oasis in a world of modern design.
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Covering all of Rhode Island. Call us at 401-849-3000
Beautiful 32 acres of rolling fields, pristine pond, mostly cleared, south of Rte 1, bordering "Arnolda" , old past approvals for subdivision, R2 Zone, perfect for exclusive estate or subdivision. Owner keeping buildings & barn on other 14 acres +-
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Hercules Imperial Reception Love Seat - Leather
Flash Furniture Hercules Imperial Reception Love Seat - Leather
Make an impression with your clients and customers with the Imperial Series Love Seat. This love seat will make an ideal choice in the office and as waiting room seating. The contemporary design of this furniture adapts in several different settings. This love seat features streamlined stitching and curved elevated hardwood feet. Not only will this love seat fit in a professional environment, but will add a modern look to your home.
- Contemporary Design
- Slightly Curved Seat and Back
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-1.8 High Density Foam
- Sloping Arms
- Cherry Stained Wood Feet
- LeatherSoft Upholstery
- LeatherSoft is Leather and Polyurethane for Added Softness and Durability
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- Warranty: 2-year Parts
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Founded in 2001, Flash Furniture offers affordably priced, great quality office furniture that ships to you in a flash. Based in Canton, Georgia, Flash Furniture has nearly 900,000 sq. ft. of warehouse space in three locations across the country with thousands of products in stock and ready to ship out for your business and residential furniture needs.
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Dimensions: Seat Size 42" W x 21" D, Back Size 42" W x 14" H, Seat Height 19.75" H
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Athletic Bilbao are through to the 2012 UEFA Europa League Final, dumping out Sporting Lisbon—as well as Manchester United and Schalke 04—in a run which has shocked world football.
Athletic beat Lisbon 3-1 at home after coming from 2-1 down in the first leg away to secure their place in the final at the National Arena in Bucharest, Romania.
They will play La Liga rivals Atletico Madrid, who beat Valencia CF 1-0 (5-2 on aggregate) in the other semifinal.
The club from the País Vasco grabbed many headlines and admirers when they stunned United at Old Trafford—and at the San Mamés—with their stock rising ever since.
Now deservedly in the Europa League final, there are many positive things all clubs in the sport can learn from Los Leones.
Here in this slideshow are five of them.


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Written on: 12/04/2012
These druns look and sound like they were made for Kieth Moon but they are too good to be trashed at the end oof the set. I bought and still own a 7 piece Sapphire set that as close today as looking just the way they did 91 years ago right of the box. 24" Base Drum, 18"Floor Tom and the 8, 10, 12 and 14 rack toms will shake house off its foundation. I am moving ito a condo from a house that had a dedicated drum room and I am having a hard time putting them up for sale. I know that I cannot play them in the condo and need to get an electronic set but the SIGNIA Sapphire Drums not only sound great but the are beautiful to look at. I knew after looking at and playing these drums I would never own another set. And now that I soon will be retire and move away from my home to a smaller place and others below or beside me I will need to purchase an elecrtonic set if I wand to continue playing..I ddo.
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John Paulson, the billionaire hedge fund manager of Paulson & Co., became well known for betting against subprime mortgages before they collapsed, and buying U.S. banks after that collapse. Since then, some of Paulson & Co.'s funds have had their issues, including a large position in gold (NYSEARCA:GLD), which is still the company's largest holding, while its merger arbitrage investments have continued to provide significant returns.
This article discusses the largest equity purchases by Paulson & Co. during the second quarter of 2014, as stated on the hedge fund's 13F. As the entity now holds roughly $23 billion in U.S. equities, composed of a significant number of equities, this list is restricted to purchases of at least $100 million. It should be noted that all new positions taken by Paulson & Co. are based upon merger arbitrage, or possibly all but one.
Allergan Inc. (NYSE:AGN)
Paulson & Co. acquired 5,602,000 shares of Allergan during the second quarter, worth about $950 million. This position was likely taken after Valeant Pharmaceuticals (NYSE:VRX) bid to acquire Allergan. This is one of Paulson's most common types of positions to take, where there is a lower possible return and risk than the broader market. This was also the largest new position taken by Paulson during the quarter.
Hillshire Brands (NYSE:HSH)
Paulson acquired 3,425,000 shares of Hillshire Brands during the second quarter. These shares were likely acquired after it became apparent that Hillshire was to be acquired by Tyson Foods (NYSE:TSN). This position was worth about $215 million at the end of the second quarter.
Covidien plc (COV)
Paulson acquired 7 million shares of Covidien during the second quarter, worth about $630 million. Covidien, which was spun off from Tyco (NYSE:TYC) in 2007, is an Ireland-based medical device company that Medtronic (NYSE:MDT) agreed to buy for $42.9 billion in one of the tax inversion schemes that has recently become all the rage.
DirecTV (DTV)
Paulson acquired 10 million shares of DirecTV in the second quarter, worth about $850 million. AT&T's (NYSE:T) acquisition of DirecTV is currently pending government approval. This stake is the second largest new position Paulson & Co. took during the second quarter, behind Allergan.
Questcor Pharmaceuticals (QCOR)
Paulson acquired 2,248,913 shares of Questcor during the second quarter, worth about $210 million. Questcor agreed to be acquired by Mallinckrodt plc (NYSE:MNK), an Irish pharmaceutical company that was spun off of Covidien in 2013. Paulson's 13F actually listed shares of not only Questcor, but also Covidien, which is also a new position, and Mallinckrodt, which Paulson already held and increased the stake in the second quarter. Further, Paulson is the largest shareholder of Mallinckrodt.
TIM Participacoes (NYSE:TSU)
Paulson acquired 5,295,3000 shares of TSU in the second quarter, worth about $154 million. This position appears a probable merger arbitrage position, even though TSU was not involved in any deals during the quarter. Nonetheless, Telecom Italia (NYSE:TI) and Telefonica (NYSE:TEF) have recently entered a bidding war over Vivendi's (OTCPK:VIVHY) Brazilian broadband unit, GTV, where TSU is Telecom Italia's Brazilian unit.
Cobalt International Energy (NYSE:CIE): Paulson has been acquiring shares of Cobalt, a petroleum exploration and production company, since the start of 2013. Paulson has bought shares in each of the last three quarters, and added 13,710,300 shares during the second quarter, taking the position to 40,966,100 shares, worth about $750 million at the end of the quarter. This position amounted to about 9.93 percent of the company. Paulson also recently reported that it increased the stake during the third quarter, to 41,864,000 shares. Cobalt shares have declined so far in the third quarter, and that decline is at least partially related to SEC scrutiny of the company's Angola operations under the Foreign Corrupt Practices Act ("FCPA"). See a recent performance chart for CIE (click to enlarge):
Dollar General (NYSE:DG)
Paulson acquired two million shares of Dollar General in the first quarter of 2014, and more than doubled it to 4,090,000 shares in the second quarter, worth about $250 million. Shares have been volatile over the last few months, jumping back and forth between the mid-50s and mid-60s, as the dollar stores battle with one another over possible mergers. Therefore, like all of the new positions taken last quarter, this was merger arbitrager related investment. See a recent performance chart for DG (click to enlarge):
Family Dollar Stores (NYSE:FDO)
Like Dollar General, Paulson bought more shares in Family Dollar last quarter. Paulson has held FDO shares since the start of 2013. Paulson had been reducing the stake over the last few quarters, but increased it from 6,470,000 shares to 8,020,000 shares in the second quarter of 2014, worth about $530 million. Shares have appreciated in the third quarter, along with merger expectations. See a performance chart for FDO (click to enlarge):
Mallinckrodt PLC
Paulson has held shares in Mallinckrodt since the third quarter of 2013. In the second quarter of 2014, after reducing the stake in the first quarter, Paulson increased the position from 5,636,800 shares to 6,724,800 shares, worth about $540 million. As mentioned earlier, MNK is acquiring Questcor, which Paulson added in the second quarter, and was spun off of Covidien, which Paulson also added in the second quarter.
Shire PLC (NASDAQ:SHPG)
Paulson has held share in Shire since 2012. In the second quarter of 2014, Paulson increased the Shire stake from 2,529,854 shares to 3,366,539 shares, worth about $800 million. Early in the third quarter, AbbVie Inc. (NYSE:ABBV) agreed to buy Shire for about $53 billion in order to do a tax inversion.
Almost every new and increased position of Paulson and Co.'s in the second quarter was some measure of merger arbitrage. The sole exception appears to be Cobalt, though Paulson may anticipate it to be a forthcoming acquisition target, or attempt to broker such a transaction. This indicates Paulson is not seeing much value in the market at current rates and is therefore limiting investments to this lower risk methodology. It appears likely that Paulson will not veer from this path in the current quarter.
Disclosure: The author has no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
The author wrote this article themselves, and it expresses their own opinions. The author is not receiving compensation for it (other than from Seeking Alpha). The author has no business relationship with any company whose stock is mentioned in this article.
Editor's Note: This article discusses one or more securities that do not trade on a major U.S. exchange. Please be aware of the risks associated with these stocks.


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December 07, 2012 at 17:34:41 Dec 07, 2012 @ 17:34
Thanks a lot for the info! Yeah it's the dude from France. Made a deal with him outside eBay. Got it for about $160 shipped. Cool, lightweight is preferable, I like layering anyway. Just hope it fitsOriginally posted by Inactive User^its the ventile but it's from S/S 09 not 08, it is a light jacket though, no lining or anything but one of the nicest parka's they've dropped.
thats the one dude from france was selling right?


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Ausdance SA is the leading provider of dance services (development) for South Australia. We are recognised as a leader in the field of dance through the provision of dance services, advocacy, activity, education, and professional development for dance artists, practitioners and enthusiasts throughout South Australia.
Find out more about us on the Ausdance SA website.
- Choreolab provides professional development opportunities for early career and more established independent dance practitioners. The annual program includes subsidised access to rehearsal space, in-studio seasons, in-theatre seasons, performance opportunities, plus forums, workshops and master-classes. Choreolab seasons are presented each year in May and October. Email us to register interest.
- Open classes including contemporary and classical techniques are available for independent artists at the Atrium studio. To download a Class Schedule go the Ausdance SA website.
- The Community Dance Space program in the Atrium studio offers a wide range of adult dance classes for independent artists and culturally diverse community-based groups. The space is available for hire with discount rates for independent artists.
- Our Dancers in Schools program enables schools to book tutors for exciting dance workshops in a wide range of styles. Regional tour packages are available on request. The Dancers in Schools program reaches about 10,000 students each year. Download the Dancers in Schools flyer.
- The Ausdance SA Indigenous Dance Alliance (ASAIDA) provides professional development opportunities for Indigenous dancers with special programs aimed at supporting young Indigenous dancers. ASAIDA facilitates networking, training, workshops, and performance opportunities for Indigenous dancers.


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Frigidaire GLEB27Z7HB Black Gallery 27" Single Electric Wall Oven with Star-K Certified and Vari-Broil Temperature Control
Home > Appliance Stop > Ovens > Electric > Single
|Frigidaire, GLEB27Z7H, Electric, Black, Gallery, Ovens, Single Gallery Collection Single Electric Wall Oven with Star-K Certified and Vari-Broil Temperature ControlThe Frigidaire gallery 27 single electric wall oven is very versatile, durable and extremely efficient. Dual Radiant Baking and Roasting.Count on the new Frigidaire Gallery line to help you manage your time with Express�Select Controls and a collection of quick features like Quick Boil and Quick Preheat, which actually preheats your oven in less than six minutes. And with One-Touch Options and effortless features such as Effortless Dry, which gives you the best drying performance, the new Frigidaire Gallery appliances help you get things done in less time and with less effort, so you can get out of the kitchen and on to the things you really love.Features:Star-K CertifiedVari-Broil Temperature Control - Select from six broil temperaturesDual Radiant Baking and RoastingSpecifications:A.D.A. Compliant: YesSabbath Mode (Star-K Certified): YesOven 1 Convection System: Single FanOven 1 Broiling System: High - LowOven 1 Cleaning System: Self-CleanOven 1 Bake: 4 pass 2, 300 WattsOven 1 Broil: 6 pass 3, 400 WattsLight Type: IncandescentOven 1 Rack Configuration: 3 StandardOven Window: LargeInterface: MembraneQuick Bake: YesBroil: VariableKeep Warm: YesSelf-Clean: 2, 3, 4 HoursStart Time: Multiple FunctionsTimer: YesFrigidaire is the brand you have come to know and trust. And for good reason. Year after year, Frigidaire has been the most reliable brand among leading appliance brands with the lowest number of service calls. With Frigidaire, you can be sure you�ll receive effortless features and quality materials, giving you the highest quality performance for the life of your appliances.
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ENTRY RECORD BOOK [2], 1770-1796 (Land entries in the present Virginia counties of Pittsylvania, Henry, Franklin, & Patrick)
transcribed by Marian Dodson Chiarito. 1988. 138 pages, 8" x 11. This book is a sequel to Entry Record Book
[1], 1737-1770, published in 1984. The watercourses listed in the index indicate that the area for this volume
was Pittsylvania County as it existed in 1770. Pittsylvania was formed from Halifax County in 1767. The map
included with the book gives names of most of the early watercourses, and makes possible the location of land
entries, adjoining landowners, and other points of interest. A complete index of all names, watercourses,
mountains, etc. is provided.
Surname list
[Erb2] $27.00
The above title is also available as a digital e-book in PDF format:        HOW TO ORDER
For records pertaining to Henry COUNTY, VIRGINIA see:
Men in Gray Interments series
Halifax County
Pittsylvania County
Guide to Virginia Militia Units in the War of 1812
Chart on the Formation of Virginia Counties
Atlas of County Boundary Changes in Virginia, 1634-1895
Index to the 1810 Virginia Census
Copyright © 2016 Iberian Publishing Company


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Laurel Burch Silk Scarf Harmony. Laurel Burch Silk Scarf "Harmony Under the Sky" with Beaded Fringe
A beautiful 100% silk scarf with design by Laurel Burch. This oblong scarf measures 12" x 54". It has tiny beaded fringe on each end.


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James D Baxter -- Foster
James D. Baxter, 49, of Victory Highway, Foster, RI, passed away on Wednesday, January 4, 2012 at Kent Hospital, Warwick, RI. Born in Warwick, RI, he was the son of Elwin N. Baxter, Sr. and the late Helen L. (Sweet) Baxter.
Condolence Messages
Reported: 01/06/12 (Show all obituaries for this day)
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Fabricating Quality in European Education
Funded as part of the 'Eurocores' programme of the European Science Foundation (ESF). This research project consists of linked national projects in Denmark, Finland, the UK (England and Scotland) and Sweden, co-ordinated by CES, that aims to:
(a) develop understanding of quality assurance and evaluation as a form
of governance of education at the various national levels in the study,
drawing on empirical investigation, theory and current social science
approaches to the relationship between evidence, data and governing;
(b) develop new methodological and theoretical approaches to comparative education in Europe, combining perspectives on global policy development and their mediating effects on national and local practices.
"Governing by Numbers" is the UK (England and Scotland) component of FabQ.
Activities that produce evidence about the performance of education systems in Europe, both nationally and internationally, have been increasing considerably in recent years. Audit, inspection, evaluation and regulation along with decentralisation, devolution and deregulation have become the key principles of the restructuring of education systems in Europe. Indeed, the development of indicators and benchmarking as modes of education governing may contribute to the 'Europeanisation' of education. This, then, is a major policy development that requires investigation, both through empirical enquiry and theoretical development.
We aim to:
develop understanding of quality assurance and evaluation as a form of governance of education at school, local, national and trans-national levels, drawing on empirical investigation, theory and current social science approaches to the relationship between evidence, data and governing;
develop new methodological and theoretical approaches to comparative education in Europe, combining perspectives on global policy development and their mediating effects on national and local practices.
Our research methods consist principally of documentary analysis, interviews with policy-makers, examination of specific case studies of data construction and use and a web-based survey of teachers and head-teachers.
We will produce reports on the findings relating to the national cases, three separate reports for the overarching collaborative project, journal articles, conference papers and at least one book. We will also disseminate our research findings to policy makers at all system levels, including to schools as well as to researchers and the broader public.
Research Tasks
The project work falls into four main tasks:
1. Mapping of the data collection and flows (Scotland and England, Sweden, Denmark and Finland): we will do this by (i) reviewing relevant literature and policy texts on the national contexts of quality assurance and evaluation and their trans-national influences on national policy contexts, with particular attention to Europeanization, and (ii) interviews with 'key' agents/policy-makers, who play a role in 'brokering' this kind of knowledge and data from the international to the national level.
2. Mapping quality assurance and evaluation at a local level: we will do this through (i) case studies of Education Authorities (Scotland) and Local Education Authorities (England) in order to map local quality assurance and evaluation policy and its interaction with the national/trans-national, and school levels.
3. Quality assurance and evaluation and the teaching profession: we will do this through a large scale survey of teachers in the compulsory school system in each national study. The survey will explore how teachers experience the implementation of quality assurance and how it affects teachers and pupils in their school work. The survey will map teachers' experiences across the different systems, and allow for comparisons both internally and across systems.
4. Developing comparative methodology and theorising educational governance: We will do this through analysis and synthesis of all stages of the work, and through interrogation of key theories of governance, drawn from a variety of disciplines.
Further information
If you would like further information about the work of the project, or if you have worked or are working with education data and would be interested in making a contribution to this research (for example by being interviewed) please get in touch with the project administrator, Carolyn Newton
e-mail: email@example.com or phone no: 0131 651 6243


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Berkshire Hathaway's (NYSE:BRK.A) investment portfolio has quite a following as many consider it as the Holy Grail in investing. Part of the interest can be attributed to curiosity over what Berkshire Hathaway's Warren Buffett is doing with the stocks in the portfolio. But there are countless investors trying to mimic Buffett's actions in their own portfolio in an attempt to realize superior returns.
The information about portfolio changes is made available to the investment community through SEC 13F quarterly filings, a regulatory requirement. At the end of every quarter, Berkshire Hathaway duly files this form. As soon as these forms are available online, the media latches on to it and seeks to analyze the adjustments in the previous quarter in a fevered frenzy.
This analysis, mostly targeted towards casual investors usually compares the current report with the previous report. Such short-term comparative information has very limited value and can at times be downright misleading because of the following few factors:
- The portfolio rarely makes revolutionary changes from quarter to quarter. In the latest report (filed 08/15/2011 – data as of 06/30/ 2011), the dollar amount of the changes to the portfolio added up to $620 million. The amount is huge, but compared to the size of Berkshire Hathaway's investment portfolio, it is only about 1.2% of the total value of $52.36 billion. The only new investment was in Dollar General (NYSE:DG) with a value of $50.76 million. Some in the media incorrectly evaluated this and ruled Buffett as bullish on Dollar General when in fact this stake is insignificant – less than 0.1% of his portfolio.
- Warren Buffett has the tendency of nibbling very small stakes only to dispose of them a few quarters later. Over the course of the last decade, the portfolio saw 84 different companies although the portfolio size has consistently remained in the 20s and 30s. This investment style has tripped many Buffett followers over the years as materially insignificant buys and sells does not necessarily imply Buffett to be bullish or bearish on a particular stock.
- Berkshire Hathaway uses 13F Confidential Treatment Requests to delay reporting of stakes as a significant stake is being built. This essentially reduces the possibility of profiting by front-running Berkshire's future trades.
To unearth constructive information, here is a look at the data from the 13F filings in the last decade rather than the latest two quarters. The pie-charts below compare the portfolios with sector-wise allocations for the latest quarter (06/2011) compared to the one from ten years ago (12/2001):
click on images to enlarge
The portfolio grew by around 86% during these ten years from around $28.06 billion to $52.36 billion. While part of the growth is from an increase in the value of portfolio stocks, the rest is new money added. The bulk (85% and 90% respectively for 2001 and 2011) of the portfolio is concentrated in just two sectors:
- Consumer staples and discretionary.
- Financials.
As for changes, allocation to financials increased by 7% and that to energy (Oil Majors - Conoco Philips (NYSE:COP) and Exxon Mobil (NYSE:XOM)) improved by 3%. Also, the allotment to industrials decreased from around 4% to 1%. Over the last ten years, Warren Buffett has become progressively more bullish on financials, he not only maintained his large position in American Express (NYSE:AXP) but also increased his stake in Wells Fargo (NYSE:WFC) and built a significant position in US Bancorp (NYSE:USB).
Berkshire Hathaway's investment portfolio is heavily concentrated around a few securities. It is of immense interest that each of the top six securities accounts to more than 5% of the total portfolio value individually and when combined rack up a whopping 81% of the total portfolio. The pie-charts below compare the portfolio's Top-6 individual stocks for the latest quarter compared to the one from ten years ago (12/31/2001):
The similarity in percentage allocation between now and ten years ago is remarkable:
- American Express (AXP) and Coca Cola (NYSE:KO) together account for 41% of the total portfolio value now compared to 54% ten years ago and the share count remained constant at 151.61 million and 200 million respectively. In the last ten years, both these stocks returned around 40% excluding dividends and the change in the allocation percentage is because the total portfolio value increased by 86%.
- The most significant allocation change is in Wells Fargo (WFC) which more than doubled from 8% of the portfolio in 2001 to 19% of the portfolio in 2011. The share count increased by seven times (including the 2:1 stock split) as the stake was built up over the years. The share count almost tripled from around 112 million to 290 million between 2005 and 2007. The stake was increased by around 10% (290 million to 320 million) in 2009 during the financial meltdown.
- The stake in Gillette was replaced with Procter & Gamble (NYSE:PG) shares following PG's acquisition of Gillette in January 2005. Although the stake was increased from around 96 million shares to 100 million shares that year following Warren Buffett's statement to that effect during the deal announcement, the stake later settled down at 76.8 million shares by 2010.
- In 2006 and 2007, Berkshire Hathaway initiated significant stakes in Johnson & Johnson (NYSE:JNJ) and Kraft (KFT) respectively whose share count has fluctuated since then. Despite certain negative comments about Kraft's Cadbury acquisition and some stock sales in the last few years, it is unlikely that Berkshire will turn bearish on either of these companies.
- Wesco Financial (NYSEMKT:WSC) which had accounted for 6% of the portfolio in 2001 ceased to be a bet because the company became a subsidiary of Berkshire Hathaway in 2011.
- Even though the share count increased slightly in the last ten years, the stake in Moody's (NYSE:MCO), is less than 2% of the portfolio currently.
The overall stake in the consumer staples and discretionary sector has come down slightly from 54% to 52%, but given the significant new stake buildups, one can infer that Berkshire is bullish on that sector. Meanwhile the stakes in financials have gone up from 31% to 38% indicating a very bullish bias. It is reasonable to conclude Berkshire Hathaway is bullish on financials and consumer staples with the likelihood of increasing stakes in Wells Fargo and possibly Johnson & Johnson.
The next few top stocks in the portfolio are good candidates for potential stocks Berkshire Hathaway might actively be buying. The pie chart below shows the relative allocations of the next four top stocks in Berkshire Hathaway's portfolio that make up about 14% of the total portfolio:
Berkshire Hathaway's stake in Moody's and ConocoPhillips have gone down over the last few years while that in Wal-Mart (NYSE:WMT) and US Bancorp have gone up. Again it is only rational to conclude from this pattern that Berkshire might be actively looking to buy more Wal-Mart and US Bancorp shares in its effort to build those stakes.
The rest of the seventeen stocks in the portfolio combine to make up only about 5% of the total portfolio. Also, Berkshire nibbled at 57 stocks in the last ten years that have since been sold out.
We will look into Berkshire Hathaway's stock sales during the last ten years and the minnows in the current portfolio in future articles.
Disclosure: I am long USB, PG, KFT, WMT. I have written cash-covered puts on BRK.B (Jan 2012 75) and WFC (Apr 2012 22).


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Posted in thread: Wyeat 3724 Stuck at 1.031 on 12-06-2014 at 12:08 AM
I too decided to forgo the warnings about that yeast. My saison stuck in the mid 30s for a
solid month. Then one day BAM. 1.007. I was sampling every week. It was so rachet but
eventually it does get ...
Posted in thread: Is it bad to blow air into the fermenter? on 12-05-2014 at 11:58 PM
I just squeeze the fermenter to check if my blowoff tube is good. But I only use plastic
Posted in thread: High FG in secondary on 12-05-2014 at 11:51 PM
Did you use some kind of English ale yeast? Some can be very flocculant and if not given a
sufficient starter will finish kinda high
Posted in thread: Why Quick Start on Yeast Cake? on 04-22-2014 at 01:43 AM
When you buy yeast to a certain degree they will be malnourished. They will consume internal
nutrients to stay alive from the time they leave the yeast house to your brew house. To get the
yeast in to...
Posted in thread: Which mini-fridge for fermenting chamber? on 03-28-2014 at 03:01 AM
a 4.3 cu ft mini fridge is probably the smallest you would want to go. Your run of the mill 4.3
cu ft mini fridge has the hump for the compressor and a freezer section that provides cooling
to the ent...
Posted in thread: Convert 5 gallon recipes to 1 gallon on 09-08-2013 at 03:02 PM
Ive heard you can scale base grains but specialty malts shouldnt. However going from 5gal to
1gal id immagine some scaling is necessary
Posted in thread: Lactose in an Imperial Stout? on 08-26-2013 at 01:20 AM
I would prefer to pick a less attenuative yeast, use a higher mash temp, and adjust the same
pitch rate to get a higher FG. An imperial stout would tend to have a higher fg due to yeast
attenuation el...
Posted in thread: Saison problem on 08-10-2013 at 02:15 PM
Time is your friend. It took 7 weeks to ferment my 1.055 saison down to 1.002. At week 6 it was
still at 1.022. I was using the wyeast belgian saison. Temps were in the mid 80s for most of
Posted in thread: Time for a new brew kettle/pot... advice please? on 07-23-2013 at 05:50 PM
I got the 10 gallon ss megapot from austin homebrewing. Drilled a hole in it using a step drill
bit and added a ss ball valve. Thing is solid as a rock. Great pot and not too bad at 80ish
Posted in thread: Another Stuck Fermentation Thread on 06-27-2013 at 05:11 PM
yeast will be yeast...65% attenuation isnt horrible. Raising temps a bit and time might help.
If you raised temp when your fermentation started slowing it might have been more effective.


text:
General Motors (GM) recently released another awful quarterly report, announcing a $2.5 billion loss on revenues of $37.9 billion (down $5.8 billion on Q3 2007). Over the last quarter, GM burnt nearly $50 million cash per day. Based on a 30 September balance of $16.2 billion in cash, marketable securities and readily available assets, GM has approximately 350 days of runway. This back of the envelope calculation is typically reserved for startups, not a 100 year old company with a 1/4 million employees.
The current global economic situation will have a significant impact on GM, but it is an accelerant rather than the cause of GM's current woes.
Despite growing revenues GM has lost market share to competitors such as Toyota (TM).
click to enlarge images
GM and the US auto industry in general have failed to address the key issues (labor costs, product development and supply chain management) they are facing:
...resulting in the destruction of shareholder value:


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New York - MoMA - The Museum of Modern Art (MoMA) was founded in 1929 and is often recognized as the most influential museum of modern art in the world.
The Rain Room at the MOMA | Allows visitors to pass through a down pour without getting wet.
NYC. MoMA Free entrance Friday from 4 PM (if you don't mind the wait). www.moma.org
MOMA MUSEUM OF MODERN ART YOSHIO TANIGUCHI ...BTW, check this out!!!! : http://artcaffeine.imobileappsys.com
HENRI MATISSE, Paper cut-outs at the Hôtel Régina, Nice, France c.1953, which worked as Matisse's studio between 1949-1954. / MoMA
Poster by Japanese designer and artist Tadanori Yokoo, for the exhibition 'Word and Image' at the New York Museum of Modern Art in 1968, 124cm x 43.5cm
Iconic Van Gogh ~ 'Starry Night' (1889) depicts the view outside Van gogh's sanitorium room window at Saint-Rémy-de-Provence, at night. Made even more famous by singer, Don McLean's 1971 song, 'Vincent' (Starry, Starry Night). I've seen the original ~ these stars throb with energy!
"Mark Rothko evokes an experience, however, rather than illustrating one, relying on color, form and scale to move viewers to contemplate the elusive and the spiritual."
louise bourgeois, "art is a guaranty of sanity", 2000, via archivebourgeois


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The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom and Britain, is a sovereign state located off the north-western coast of continental Europe.The two most famous (and oldest) universities are Oxford and Cambridge (often referred to as Oxbridge by many Britons) England also has several other world-class institutions, including several in London (notably Imperial College, the London School of Economics, University College London and King's College London, all are part of London University)
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Fun place to hand out and admire many different artist's wares. Great place to be on a rainy day at the Oregon coast!
Like the title says. Took my Mom here after a 10yr absence fro CB. She loved it! Ever changing, yet always in the same place
This is one of many galleries in Cannon beach, and each has its own unique personality. Several local artists. Worth a visit.
Haystack Gallery is an inspiring place to visit, has some excellent art for you to see and purchase. Many well known painters and other artists sell their work here. The new owner is pleasant and helpful. Be sure to go upstairs also so you don't miss a thing.
I visit every year to pick up a little souvenir. They have great knick-knacks and framed art. The aisles are narrow, but well worth squishing through :)
This was one stunning view. I could not believe how far out the tide goes and how far inland it is when it comes in. Just a wonderful place. Mystical.
enjoyable stroll, lots of styles, nice sculptures, some thing for almost any taste. Nice proprietor!
The ocean can bring out the kid in all of us. Gorgeous beach with lots of walking space available, tide pools around the rocks with star fish, anemones, hermit crabs and sculpins (if you look closely enough). Gulls, pelicans and puffins fly overhead. A preservation group is often available to answer questions and help you see those hard to find...
We have purchased 3 great pieces through the years from fine local artists. Lots of focus on the local sea life, beautiful views, and the beloved local jewel, Haystack Rock.
Downstairs has the usual touristy art gallery stuff, some very interesting. The place to go is upstairs. Wow, very cool stuff all at reduced prices. We were warmly greeted when we entered.
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Skip to comments.Obama Guts Welfare Reform
Posted on 07/12/2012 2:43:10 PM PDT by Da Bilge Troll
Today, the Obama Department of Health and Human Services (HHS) released an official policy directive rewriting the welfare reform law of 1996. The new policy guts the federal work requirements that were the foundation of the reform law. The Obama directive bludgeons the letter and intent of the actual reform legislation.
Welfare Reform under Clinton
Welfare reform replaced the old Aid to Families with Dependent Children with a new program, Temporary Assistance for Needy Families (TANF). The underlying concept of welfare reform was that able-bodied adults should be required to work or prepare for work as a condition of receiving welfare aid.
The welfare reform law is often characterized as simply giving state governments more flexibility in operating welfare programs. This is a serious misunderstanding. While new law (the Personal Responsibility and Work Opportunity Reconciliation Act of 1996) did grants states more flexibility in some respects, the core of the act was the creation of rigorous new federal work standards that state governments were required to implement.
The welfare reform law was very successful. In the four decades prior to welfare reform, the welfare caseload never experienced a significant decline. But, in the four years after welfare reform, the caseload dropped by nearly half. Employment surged and child poverty among affected groups plummeted. The driving force behind these improvements was the rigorous new federal work requirements contained in the TANF law.
Obamas Trick to Get Around Work Requirements
Today the Obama Administration issued a new directive stating that the traditional TANF work requirements can be waived or overridden by a legal device called the section 1115 waiver authority under the Social Security law (42 U.S.C. 1315).
Section 1115 states that the Secretary may waive compliance with any of the requirements of specified parts of various laws. But this is not an open-ended authority: Any provision of law that can be waived under section 1115 must be listed in section 1115 itself. The work provisions of the TANF program are contained in section 407 (entitled, appropriately, mandatory work requirements). Critically, this section, as well as most other TANF requirements, are deliberately not listed in section 1115; they are not waiveable.
In establishing TANF, Congress deliberately exempted or shielded nearly all of the TANF program from the section 1115 waiver authority. They did not want the law to be rewritten at the whim of Health and Human Services (HHS) bureaucrats. Of the roughly 35 sections of the TANF law, only one is listed as waiveable under section 1115. This is section 402.
Section 402 describes state plansreports that state governments must file to HHS describing the actions they will undertake to comply with the many requirements established in the other sections of the TANF law. The authority to waive section 402 provides the option to waive state reporting requirements only, not to overturn the core requirements of the TANF program contained in the other sections of the TANF law.
The new Obama dictate asserts that because the work requirements, established in section 407, are mentioned as an item that state governments must report about in section 402, all the work requirements can be waived. This removes the core of the TANF program; TANF becomes a blank slate that HHS bureaucrats and liberal state bureaucrats can rewrite at will.
Congressional Research Service: There Are No TANF Waivers
In a December 2001 document, Welfare Reform Waivers and TANF, the non-partisan Congressional Research Service clarified that the limited authority to waive state reporting requirement in section 402 does not grant authority to override work and other major requirements in the other sections of the TANF law (sections that were deliberately not listed under the section 1115 waiver authority):
Technically, there is waiver authority for TANF state plan requirement; however, [the] major TANF requirements are not in state plans. Effectively, there are no TANF waivers.
Obviously, if the Congress had wanted HHS to be able to waive the TANF work requirements laid out in section 407, it would have listed that section as waiveable under section 1115. It did not do that.
Define Work
In the past, state bureaucrats have attempted to define activities such as hula dancing, attending Weight Watchers, and bed rest as work. These dodges were blocked by the federal work standards. Now that the Obama Administration has abolished those standards, we can expect work in the TANF program to mean anything but work.
The new welfare dictate issued by the Obama Administration clearly guts the law. The Administration tramples on the actual legislation passed by Congress and seeks to impose its own policy choicesa pattern that has become all too common in this Administration.
The result is the end of welfare reform.
Shocking. /s
Of course, all bets are off when America elects a communist muslim as president. That falls under the category "Being stupid about it."
One more reason he has to go this November.
HHS staff from top down need to go as well.
One more reason he has to go this November.
HHS staff from top down need to go as well.
(Welfare rats win.)
What's the use of Congress passing laws if an administration, ANY administration, can just 're-write' them at their whim?
Democrats should be alarmed, because Obozo is setting precedents here. Whatever he does, a Republican can do as well. Once the mold is set, the Presidency becomes a dictatorship and The Congress becomes a useless appendage...............
all praise our Wonderful President, he is paying the rent and buying gas for the po' folk. /s
The Assclown-in-Chief has NO power without the complicity of the rest of our so-called government. They are ALL CULPABLE!
Thanks Vintage Freeper for posting this:
Thanks Da Bilge Troll.
He is just getting warmed up.
He'll be dragged kicking and screaming from the White House, " JUST ONE MORE EXECUTIVE ORDER!!!MICHELLE, WHERE DID YOU PUT MY MUMIA PARDON....?"
Despots typically all go out the same way. Let me know when the restof the country is angry enough to vote the Marxist bastard out of office.
Less than for month to go.
How about "If you want to eat, you have to work"?
That worked for two millenia.
HHS staff from top down need to go as well.
Ah, come now, dontcha realize that (according to handful of Paul Bot, HATE Mitt and Mormons Freeps) Romney is much more dangerous and a threat to our SURVIVAL and Freedoms, Rights and Liberties than is Dear Leader?
Therefore you/we delusional Cons (who love their country and fear what another 4 years under this Fascist Neo-Commie might mean to our Republic...)
might as well just stay home as it don't make no never mind who wins as there ain't a dime's worth a difference between the 2!
Hey, that ("LOGIC") makes sense to me! MAJOR /sarc!
so why does he like Welfare?
You're exactly right.
He don't need no stinkin' Congress.
Welfare recipients are his voter base?
Just buying votes with our money. New day, same ploy.
"so why does he like Welfare?"
He's trying to increase the number of citizens reliant upon government for their existence. It's about 50% currently that one form or another citizens have become reliant for the beans on the table upon some form of government handout.
Same with food stamps. He's making every effort through his control of the Agriculture Department to ensnare as many as possible into the food stamp program. They are even advertising to get people to sign up for food stamps.
The idea being nobody would vote against the man, the party that feeds them, clothes them, houses them, and of course takes so much good care of their health.
Typical of the mentality of the Left to use our money as taxpayers to provide them their ride. Use our money to enslave us.
Too late. It's done. This President has gutted the constitution and the idea of representative government in this nation. For laws he doesn't like, he orders his agencies to not implement or enforce them. The congress does nothing, the courts have upheld his right to do it. For areas where he can't get a law passed, he just introduces regulations. Congress does nothing and the courts have upheld his right to do that too. There are no effective checks on Presidential power now. Even the power of the purse, which was congress' ultimate threat, has been given up; we haven't had a budget in years and everything just gets automatically funded with increases anyway. So the President doesn't need congress (as this clown has gone out of his way to prove) and he threatens the courts and they comply. What would Hugo Chavez have done differently?
As a last resort, we can always withhold the money that provides sustenance for the Dictator, the Welfare bums and the illegals until the proper adjustments are made. However, that would take unity and a lot of guts. I doubt we have many Patrick Henrys nowadays. I could be wrong though.
How the #%@#*# can 0bama do this without consent from Congress? Oh that's right.. He's black and if anyone questions his actions, they're racist.
The Bible says we would be punished for disobedience by having 'children' as our leaders. Now we see what He meant.............
King Obama strikes yet again!
Articles of impeachment should, but will not, be forthcoming!
Thousands Believe Hoax That Obama Will Pay Their Utility Bills
I just figured it out! Those who stop looking for work Re dropped from the welfare rolls..........that will REALLY make that unemployment numbers plummet. Does anyone think this will be reported by Big Media?????
This is a clarion call to the men and women of the United States of America: make a stand NOW. You must make a peaceful and civil stand now! When you stand you shall stand upon the Constitution. We The People must say enough is enough! We have had enough of the Executive branch going around the Legislative Branch.
President Obama's motivations matter not. The results of his actions matter not. The methods that Obama has used to impose his will are unacceptable. We have a Law and limits on Executive power for a reason. Look at the DOMA Law, the Immigration issue, and not this welfare issue. The more people there are on welfare, the less money there is for everyone on the welfare rolls. By allowing the States to ignore the searching-for-work requirement yes more people will jump on the welfare rolls. This will mean less money available for them and the people already on the welfare rolls.
The Law excluded the Search-for-Work requirement from being waived for a reason. Now, without
Congressional action, President Obama and his administration has rewritten the law. In doing so he and his admin. have violated the checks and balances. They have made law without the consent of the Legislature.
He may have the purest motives. His motives don't change the fact that he is acting more like a Ruler than a Leader. Who do YOU, the People, want running the USA? A ruler or a leader:
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.


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Novartis (NVS) intends to axe up to 500 Swiss positions at its pharmaceutical division but add several hundred jobs in fields such as oncology development, over-the-counter manufacturing and supply chain management at its generics subsidiary Sandoz.
The reorganization should lead to an equal number of jobs being cut and created, meaning that Novartis' Swiss headcount should remain stable at around 15,000.
The idea behind the restructure is to support drug launches this year, including those for branded and generic respiratory treatments, as well as for drugs for heart disease, lung cancer and skin disease.
The announcement comes after Novartis said in November that it would shut sites in England and Austria, and cut around 500 R&D jobs. (PR)


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"In the new film COURAGEOUS (from the makers of Fireproof), four police officers are confident and focused when it comes to facing danger on the job. But leading their families at home in a God-honoring way? That takes courage. Because it is important to take a faithful, fearless stand in so many areas of life, pastor and COURAGEOUS executive producer Michael Catt offers Courageous Living as a closer look at biblical themes and characters that inspired the greatly anticipated movie. Catt brings fresh insight to stories of people in the Bible who displayed great courage when it would have been easier to play it safe. Catch a new wind of bravery in the bold accounts of Abraham (""The Courage to Get Going"")
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text: By the way, going back to your original idea of running IR as an external tool. What is the problem here? I wrote a small tutorial once explaining how to run MySQL as a VS shortcut: http://www.sapphiresteel.com/Ruby-On-Rails-and-MySQL-faster Are there any things different about running IR in that way? best wishes Huw SapphireSteel Software http://www.sapphiresteel.com -- Posted via http://www.ruby-forum.com/.