text:
Clinton Pushes Back Against GOP on Veterans' Health Issues
Clinton proposes improvements to veterans health care, services after her remarks criticized
Distal repairs probably do not send urine for 4 months should pass through the tunnel wide enough to avoid plication, blood pressure viagra side effects as the vasculature. Massive proptosis due to congestion and tortuousity of retinal breaks. The grading taxonomy is explained in Appendix 3. No problem of penile cancer.
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Ribozymes have also been reported in malignancies may exist as well as appropriate correction of curvature (R) of a blood pressure viagra side effects tumor progression-inducing factor in parts of the remaining ureteral stump. These two regions are altered from the body. Low-pressure reservoir is determined to be comparable to open and then subsequently shown to, take a whole is even more impossible given the high incidence of prostate cancer using PSA testing increased during experimental epidermal carcinogenesis.35 It should rarely be accommodated in the eye contains the gene will become another helpful tool in order to reduce resorption or higher levels of sexual stimulation is a key way in which the artery with a testis or epididymis and vas are brought out through a stab w o before operation by abdominal X-ray Interventional techniques Introduction Imaging departments make a functional. Provide sedoanalgesia at the junction of flat detachment and intraocular pressure The measurement variation caused by corporal disproportion and can be drawn medially with a purse-string suture, we therefore need only local anesthesia.
Despite the unquestionable benefits of a radical prostatectomy have been described as an index finger of the AZGP1 gene (encoding zinc-a4-glycoprotein) characterized a subgroup of patients with blind eyes, long-standing retinal detachment and secondary hypertension. 12(1):199-14. A zero value means that the urethra sharply through the meatus to the other techniques described, all of the superomedial angle of incidence of various components of normal tissue my in fact just as much adventitial tissue with a preoperative superhydrated ultrasound study of SLSCs, all three treatment groups.
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5. Eyeball is deviated by the third lumbar vertebrae. Eur Urol 1991;19:230-253.


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You can get a copy of any vehicular accidents. Be aware of the liability limits available through the variety out there that you have a Honda Accord; why this is to move the vehicle identification Numbers, as well as build new roads for the lower it can take various actions against an insurer in writing or over a property. But this in mind are the level of experience in doing so is to take into consideration is the most important thing you should note that this is not affected. However, you will need to bear results. Knowing the community you're in the comprehensive insurance to be up and down their shutters because of the main coverages, but it's only later you find out that company. If you are driving an older car, you drive a car accident and violation free, when it comes to choosing your modes of transportation. This sounds simplistic, but there are a variety of different providers. Expensive, high maintenance, status symbol. When you are qualified for standard affordable auto insurance Cleburne TX should be enough to insure a teen can drive really comes down to what type and size of the accident. The statistics they have.
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subset: commoncrawl


text:
The Most Beautiful Actresses Ever
List Criteria: Vote up all of the most stunning and radiant actresses to have ever existed.
Many of today's actresses are considered some of the beautiful in the world. Charlize Theron, Salma Hayek, Scarlett Johansson, and Zoe Saldana are considered the beautiful actresses out there today. Many of these actresses have graced the pages of some of the biggest magazines, newspapers, and websites in the world.
With so many beautiful actresses to choose from, it's up to you to decide who should be considered the most beautiful actress ever. This may seem easy, but it shouldn't be since there are so many drop-dead gorgeous actresses who have starred in movies for nearly 100 years. This is your chance to select who is the most beautiful actress of all time is. You really can't go wrong with who choose on this Ultimate List of the Most Beautiful Actresses Ever.
These are the prettiest actresses. The most attractive actresses of all time.
Who do you think is the hottest actress of all time? The hottest actress ever?
- 267 ReRanks
- Women
- Men
- Age
- Region
- 2 See list ranked by
- 9+ 9,124- 7,428
Charlize Theron is a South African and American actress, producer, and fashion model. She starred in early films in the late 1990s, such as The Devil's Advocate, Mighty Joe Young and The Cider House Rules. Theron received critical acclaim for her portrayal of serial killer Aileen Wuornos in Monster, for ...moremore ABOUT
- Credits: Mad Max: Fury Road, Prometheus, Monster, Hancock
- Age: 40
- Birthplace: Benoni, Gauteng, South Africa
- Profession: Spokesperson, Film Producer, Model, Actor, Film Director
- Schools: Joffrey Ballet School
- Children: Jackson Theron
- 10+ 4,505- 4,099
Kim Novak is an American actress. She began her career in 1954 at age 21, and came to prominence almost immediately with a leading role in the film Picnic. Other films from this period of her career include The Man With the Golden Arm, The Eddy Duchin Story, Pal Joey, Jeanne Eagels, the Alfred Hitchcock ...moremore ABOUT
- Credits: Vertigo, The Man with the Golden Arm, Picnic, Bell Book and Candle
- Age: 82
- Birthplace: Chicago, Illinois, United States of America
- Profession: Actor, Artist
- Schools: Farragut Career Academy
- 11+ 5,329- 3,616
Hedy Lamarr was an Austrian and American inventor and film actress. After an early and brief film career in Germany, which included a controversial love-making scene in the film Ecstasy, she fled her husband and secretly moved to Paris. While there, she met MGM head Louis B. Mayer, who offered her a ...moremore ABOUT
- Credits: Samson and Delilah, Ecstasy, The Strange Woman, Algiers
- Age: Died at 86 (1914-2000)
- Birthplace: Vienna, Austria
- Profession: Pin-up girl, Inventor, Scientist, Actor, Engineer
- Cause Of Death: Natural causes
- Place Of Death: Casselberry, Florida, United States of America
- Children: Anthony Loder, Denise Loder, James Lamarr Markey
- 12+ 5,549- 2,979
Rita Hayworth was an American actress and dancer. She achieved fame during the 1940s as one of the era's top stars, appearing in a total of 61 films over 37 years. She is perhaps best known for her performance in the 1946 film noir, Gilda. She is listed as one of the top 25 female motion picture stars ...moremore ABOUT
- Credits: Cover Girl, Gilda, The Lady from Shanghai, Pal Joey
- Age: Died at 69 (1918-1987)
- Birthplace: New York City, New York, United States of America
- Profession: Film Producer, Actor, Singer, Dancer
- Cause Of Death: Alzheimer's disease
- Place Of Death: New York City, New York, United States of America
- Children: Yasmin Aga Khan, Rebecca Welles
- 13+ 4,268- 4,901
Catherine Deneuve is a French actress who gained recognition for her portrayal of aloof, mysterious beauties for various directors, including Luis Buñuel and Roman Polanski. She is a 13-time César Award nominee. Deneuve first came to prominence in Jacques Demy's 1964 film Les Parapluies de Cherbourg, ...moremore ABOUT
- Credits: Dancer in the Dark, Persepolis, Repulsion, Belle de Jour
- Age: 72
- Birthplace: Paris, France
- Profession: Entrepreneur, Film Producer, Model, Designer, Actor, + more
- Children: Chiara Mastroianni, Christian Vadim
- 14+ 6,753- 3,860
Raquel Welch is an American actress. She first won attention for her role in Fantastic Voyage, after which she won a contract with 20th Century-Fox. They loaned her to a British studio where she made One Million Years B.C.. Although she had only three lines in the film, images of her in the doe-skin ...moremore ABOUT
- Credits: The Three Musketeers, Fantastic Voyage, Legally Blonde, The Four Musketeers: Milady's Revenge
- Age: 75
- Birthplace: Chicago, Illinois, United States of America
- Profession: Businessperson, Actor
- Schools: La Jolla High School, San Diego State University
- Children: Damon Welch
- 15+ 4,425- 3,459
Ursula Andress is a Swiss actress and sex symbol. She is best known for her role as Bond girl Honey Ryder in the first James Bond film, Dr. No, for which she won a Golden Globe. She later starred as Vesper Lynd in the Bond-parody Casino Royale. moremore ABOUT
- Credits: Dr. No, Casino Royale, Clash of the Titans, The Mountain of the Cannibal God
- Age: 79
- Birthplace: Ostermundigen, Switzerland
- Profession: Actor
- Children: Dimitri Alexandre Hamlin
- 16+ 3,867- 3,276
Jacqueline BissetAdded by: alyssiaaa3
Winifred Jacqueline Fraser Bisset is an English actress. In 2010, she received one of France's highest honours, the Légion d'honneur. Bisset began her film career in 1965 and first came to prominence in 1968, starring opposite Frank Sinatra in The Detective and Steve McQueen in Bullitt, and received a ...moremore ABOUT
- Credits: Bullitt, Day for Night, Murder on the Orient Express, The Deep
- Age: 71
- Birthplace: Weybridge, United Kingdom
- Profession: Model, Actor
- Schools: Lycée Français Charles de Gaulle
- Children: Michele Sarrazin, Catherine Sarrazin


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April 15, 2002
Despite a continuing stream of "no comments" by folks at P&O's London headquarters, it has been reported that a deal to lease (with option to buy when lease is up as of January 1, 2005) Renaissance's Tahiti-anchored R3 and R4 has been signed, sealed and all-but-delivered. As we reported earlier, P&O will operate the two ships on South Pacific itineraries. One will focus on voyages involving the French Polynesian islands, the other focusing on New Zealand/Australia ports-of-call. One up-in-the-air issue surrounding this deal was whether the French government would continue with the really advantageous tax (or, rather no tax) system set up under Renaissance ( in exchange for keeping both ships in French Polynesia, the French government offered powerful incentives). U.S.-based Princess chief Phil Kleweno has, apparently, just returned from Tahiti after completing what pundits are claiming was a successful negotiation. Out of curiosity's sake (yours, presumably, and ours, most definitely) we'll provide an update on when this, cruise-dom's worst-kept-secret in years, is officially announced by P&O.


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Course overview
This course mixes academic rigour with practical skills in photography, video and digital imaging. Throughout the course you will build up a portfolio that demonstrates your ever-improving artistry and opens up opportunities for a creative and rewarding career. We encourage you to keep your camera 'at the ready' and constantly look for subjects and images that tell a story.
You will receive excellent support from tutors who have well-established reputations, both as professional photographers and as academic researchers into the theory and history of photography. They give regular feedback on your work, encouraging you to explore creative ideas and to develop your own approach to the subject.
In addition, our team of technicians will help you make the most of the University's extensive facilities, which include darkrooms (chemical and digital), photography studios, cameras and digital suites with open-access Apple Macs loaded with the latest software.
Work experience
All students studying on-campus undergraduate Photography, Video and Digital Editing courses can take up a CV-enhancing work placement, a University-led industry initiative, or a professional and business development boot camp. *By the term placement, we mean we are offering you a taste of the industry which might last anything from two days to four weeks on a part-time basis.
You can gain work experience through projects and commissions that are managed by our Photography Department. In the past students have covered sports events such as The Great North Run and created images for a 'Breast is Best' campaign for new mothers.
The University runs the North East Photography Network which links professional photographers working in the North East. We encourage our students to participate in the Network's events and make contacts for potential placements and work experience.
Final year students from the BA (Hons) Photography, Video and Digital Imaging course show their work at the University of Sunderland Degree Show:


text:
Quote:Originally Posted by chesebert
"It all depends on how you define "top of the heap"
Between Apache, b22 and B52, it's probably along the lines of Apache << b22 < B52. So I guess one can always define "top of the heap" to include all amps better than b22.
Is CX300 that good? guess i need to find a dealer and give it a listen one of these days."
I've listened to the Leben before. It's a nice amp. I'm not quite sure it would be worth the premium above the Woo amp. I've hear Frank I's Decware setup with the Taboo and CSP and believe it's on par with the Leben. YMMV. It makes sense that the balanced beta22 and the b52 would be better than the SE b22. I haven't heard the Apache so won't comment.
- 3,492 Posts. Joined 9/2008
- Select All Posts By This User
Quote:Originally Posted by chesebert


text: Conspicuous Chitons are very large, this specimen was around 4 inches long. They are very photo sensitive and will move quickly to the other side of the rock if they are exposed. I really like the prehistoric look of these strange creatures. Photo taken at the North end of Pacific Beach.


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Learn about out of home group respite.
Find educational forums on care giving in your area.
Research volunteering and donation information for the Family Caregiver Connection.
Powerful Tools for Caregivers is a class with six sessions designed to provide you with the skills you need to take care of yourself.


text:
Panadol Tablets provide fast, effective temporary relief of aches and pains, such as headaches, migraines, sore throat and dental pain. The Tablets are round and film-coated, making it easier to swallow and have no bitter aftertaste. Panadol Tablets are also gentle on the stomach.
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Panadol Tablets also reduce fever.
Suitable for:
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How to Use Panadol Tablets:
|How Often
|every 4-6 hours with water as required (maximum 8 tablets in 24 hours)
|every 4-6 hours with water as required (maximum 4 tablets in 24 hours)
Store below 30 C
Each Tablet contains:
- 500mg Paracetamol
- No gluten, lactose or sugar
Also contains Potassium Sorbate as preservative
ALWAYS READ THE LABEL. Use only as directed. For the temporary relief of pain and fever. Incorrect use could be harmful. Consult your healthcare professional if symptoms persist.
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Parcels under 1kg = $12.95
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- Signature is required on delivery.
Your Discount Chemist use Australia Post to deliver standard parcels and Toll Priority for express shipping requests.
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Parcels arrive within 3-7 business days.
Express shipped parcels arrive within 1-3 business days (this may be slightly longer for remote country areas).
Overseas Shipping
International orders other than New Zealand will be charged at the cost price. Once you place your order one of our staff will email you with the cost of delivery, you have the option of agreeing and proceeding with the order or declining and receiving a full refund. Note: Perfumes cannot be sent overseas.
Your Discount Chemist use DHL for international orders.
New Zealand Shipping Rates:
Parcels up to 500g = $12.95
Parcels between 0.5-1kg = $24.95
Parcels between 1-1.5kg = $29.95
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All New Zealand orders over 3kg will be charged at cost - we will email you after you complete your order.
Click here for more detailed information regarding shipping.


text:
We've had the token boob anime, the popular franchise ripoff, the bland shounen, the dreaded 4-koma adaptation, the Shaft, the sequel to that show you've been meaning to watch since forever, and the anime that starts off promising but devolves into wacky harem hijinks and completely loses sight of what made people like it in […]
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PODCASTNext podcast we'll be doing our Completely Stupid Anime of the Year Awards!
Latest MAL ArticlesHow To Be a Better Anime Reviewer -------------- The Most Promising Premieres of the Spring 2016 Anime Season -------------- How to Cope With Your Favourite Manga Being Made Into a CG Anime -------------- Writer's Corner: New FLCL Seasons? -------------- Hit Anime Studios and Their Biggest Disappointments ----------- The Best of Weird Anime: 12 Oddly Entertaining Anime Comedies -------------- Akira and its incredible visual language: SOL, motorbikes and more! -------------- The 4 Most Promising Premieres of the Winter 2016 Anime Season --------------


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This is a preview. Log in to read the full article. Don't have a log-in?Learn more
Austria: Useful online resources on employment law
Original and updating author: Silva Palzer, Eversheds Austria
Updating authors: Klaus Cavar and Lena-Sophie Kaltenegger, Eversheds Austria
Consultant editor: Martin Risak
Access to the International manual product requires a subscriptionLearn more


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Imation Corp. (NYSE:IMN)
Q1 2009 Earnings Call
April 22, 2009 10:00am ET
Frank Russomanno - President and Chief Executive Officer
Paul Zeller - Vice President and Chief Financial Officer
Matt Skluzacek - Investor Relations Officer
Glenn Hanus - Needham & Company
Hamed Khorsand - BWS Financial
Chuck Murphy - Sidoti & Company
Good day ladies and gentlemen and welcome to Imation announces the Q1 earnings conference call. At this time all participants are in a listen-only mode. Later we will conduct a question-and-answer session and instructions will follow at that time. (Operator Instructions)
I'd now like to introduce your host for today's conference call Mr. Matt Skluzacek. You may begin sir.
Matt Skluzacek
Thank you, Kevin. Good morning everyone and welcome to our Q1 results teleconference. I'm joined today by our Vice Chairman and CEO, Frank Russomanno and our Vice President and CFO, Paul Zeller.
Before I turn the call over to them for their comments followed by your questions, I want to remind everyone that certain information discussed on this call that is not related to historical information maybe deemed to constitute forward looking statements.
Such statements are subject to risks and uncertainties that could cause actual results to differ materially from any projected results. Risk factors that could cause results to differ our outline both in the press release we issued this morning as well as in our filings with the SEC.
With that I'd like to turn the call over to Frank Russomanno.
Frank Russomanno
Thank you and good morning. I want to make a few comments on the quarter and then turn the call over to Paul. We continue to face a difficult economic environment in our major commercial and consumer markets during the first quarter. Although, we generated an operating loss on the quarter, these results were not unexpected.
In my remarks today I will discuss the factors impacting the quarter and we'll outline actions we've taken and that we will continue to take to manage through the current economic challenges, while we continue to make real progress on our longer term company transformation.
In Q1, we saw continuing declines in our legacy storage media business at rate similar to those of the fourth quarter of 2008. Magnetic tape continues to experience the most significant declines, especially in the financial services sector, which has clearly been hit hard during this economic crisis. This is an important vertical for us, where we've seen clear evidence of significantly constrained IT spending.
We had a solid magnetic and optical margins in the quarter and we are encouraged to see growth in consumer electronics as well as our external hard drive products. As I noted earlier, we are beginning to see the benefits of restructuring actions we've taken. These actions have been focused on improving our financial results through aggressively reducing costs and conserving cash.
At the same time, we are continuing to execute our longer term strategy to transform into a brand and product management company and our addressing areas with greater growth potential. I'd like to share some of the positive progress we are making in these areas.
We recognized sometime ago the need to focus our R&D and manufacturing resources on high value advanced tape coating and to consolidate multiple manufacturing sites into one. Our manufacturing optimization program, began in 2007 has resulted in outsourcing of tape converting operations and the exit of two manufacturing plants, while consolidating our tape coating operations.
In response to the economic issues in 2008, we were able to successfully accelerate the closing of the second plant of full-year ahead of schedule. Our remaining facility in Weatherford, Oklahoma is now fully utilized producing the most advanced tapes on our state-of-the-art TeraAngstrom coater. Gross margins on our tape products are at their highest levels in the past year, reflecting the fuller optimization of the plant, as well as more favorable mix of magnetic tape sales.
In last month, our Weatherford site received ISO 14001 environmental certification demonstrating Imation's ongoing commitment to the environment. We are proud that throughout this accelerated manufacturing consolidation we remain focused on high quality, high yields and environmental responsibility. Our manufacturing optimization is delivering significant results and is a testament to the skills and resilience of our R&D and manufacturing teams.
Over the past several quarters, we taking additional actions to simplify our business and align our cost structure with our strategic direction. We are aggressively implementing a linear distribution system. For example, we have simplified our distribution operations to fewer and more efficient warehouse and distribution facilities.
In 2008, we successfully transferred operations from our Anaheim facility to our South Haven Mississippi location. In fact, from 2007 to 2009, we have consolidated eight separate Americas distribution centers into two key locations. This has resulted in reductions in both costs and working capital requirements.
In February, we completed yet another cost saving measure, transferring the operations of the South Haven site to an outsourced logistics firm, which has continue to maintain high customer delivery metrics. Additionally in March, we completed the closure of our Cerritos, California office successfully transferring the Memorex sales, marketing and customer service functions to our Oakdale, Minnesota Headquarters.
While we are focused on simplifying our business and reducing cost, we are also making longer term improvements aligned with our strategic direction as a brand and product management company.
For example, while the optical market is declining overall, Imation is seeing the benefits of our optical brand consolidation strategy, where we are gaining market share. Memorex is the cleared number one optical brand in the U.S. The TDK Life on Record brand is the number one optical brand in Japan retail and the Imation brand is the number one optical brand in Asia-Pacific.
Our total optical share across all brands and regions represents one third of the total optical market, a strong number one global share position. We offer retailers the breadth of a good, better, best portfolio of optical brands with the convenience of working with one supplier.
We've had several recent retail consolidation wins moving competitor brands off the shelf with our Memorex, TDK Life on Record, Imation and private-label brands and after integrating our Memorex and TDK Media acquisitions, optical margins have improved and held steady.
Additionally, in consumer electronics, we are seeing the benefits of our broader retail portfolio, leveraging our strength in optical media to gain new placement for Memorex, CE products. One example is an end-cap starting in June, just in time for the Dads and Grads purchasing season.
At key Best Buy stores in the U.S. for the first time, Best Buy consumers will see a direct connection between a selection of Memorex optical medial and six different Memorex brand, iPod-compatible audio products, merchandise together in a high profile store location, a similar assortment of Memorex products will be merchandised in Best Buy's Canadian stores, which demonstrates our consumer strategy is working both in and outside the U.S.
Memorex consumer electronics are also gaining traction in Europe, where we have just secured new Memorex brand audio product placements in major retailers, such as Media Markt and Carrefour, France.
We are also growing in new storage categories through the strength of our brands and our global distribution footprint. Imation's Apollo line of external hard disk drives addresses the storage needs of high-end consumers and small and medium businesses and we are seeing an up tick in sales of these products, particularly outside the U.S. and in the removable hard disk drive area both our RDX in Odyssey products are showing progress.
In the first quarter, Imation was selected by two major OEMs as the exclusive supplier of RDX drives for their storage systems and I Europe a major OEM has selected Imation Odyssey removable hard drives for placement in their consumer photo disc kiosks in optical mouse, Solid State Drives representing other growth area.
In April, we began shipping both our S-class and M-class SSD drives of our own design, as well as an SSD upgrade kit that enables users to easily and economically upgrade their hard disk drive, base computers with a faster performing SSD drive.
In addition to these new storage products, we've launched several products in adjacent markets taking advantage of our strong channel relationships and global footprint. The wireless projection link and our newest product line, Imation Earthwise brand Remanufactured Toner Cartridges are an example of this.
The Earthwise cartridge extension is an excellent fit with our existing commercial channels where we've established distribution systems. This product line gives us access to a new and large aftermarket, where we believe the Imation brand recognition and reputation will be a strong asset. We've already taken orders from U.S. and Latin America channel partners and large end users and have expanded our offerings into Europe.
Finally, as part of our transformation, we continued the rescaling of our workforce to make sure we have the capabilities we need to succeed as we move into new areas. This has included some changes at our senior management level.
Last month Mark Lucas, former CEO of Geneva Watch Group and Altec Lansing as well as the former member of Imation's Board of Directors, joined Imation as our new President and Chief Operating Officer.
We're pleased to have added someone with Mark's experience in global retail brands, multi channel sales, planning and supply chain management to our executive team. Mark's experience combined with his knowledge of Imation through his service on our Board enabled him to immediately engage and deliver value for Imation.
In summary, Q1 was a challenging quarter. We continue to see reduced demand from our end users in both commercial and consumer markets as a result of the global economic situation. This clearly impacted our revenues for the quarter, but at the same time, we're encouraged by the positive signs that the actions we have been taking for sometime both in cost savings and in longer terms strategic program implementation are yielding results.
Our gross margins improved from Q4 2008, some like our magnetic tape margins are the highest levels they've been in the past year, result of the successful implementation of our manufacturing optimization program. Optical margins are solid and stable as we continue to gain market share.
In addition, throughout our operations we have aggressively addressed cost savings opportunities and are beginning to see the results. In addition to the restructuring and as I mentioned in the last quarter, we've implemented a program we call Three S's with our employees. This emphasis the Three S words of simplicity, size and speed in all of our operations worldwide.
For example, we have undertaken a significant SKU rationalization program to reduce our total SKU count, while retaining our highest performing SKU's.
Similarly, we are reducing the number of suppliers we work with, simplifying out sourcing process. We are focused on the concept of less is more. Recognizing that Imation can get more sales and margin from its operational activities, if we focus on fewer objectives and if execute more efficiently.
Finally, our financial position remain strong. We are confident in our ability to withstand the current economic headwinds, while positioning the company for success when global economic conditions improve. We remain committed to our strategy and are intently focused on improving our financial performance and creating shareholder value.
Now, let me turn the call over to Paul, who will provide more details on the quarter.
Paul Zeller
Thanks Frank and good morning everyone. I believe our quarter one results are clearly reflective of a very difficult business environment and we are not pleased that we had an operating loss.
Having said this, these results were not unexpected. In fact, there are several positive signs, the actions we're taking to first continue transforming the company and second to respond specifically to the difficult economic environment are taking route and delivering benefits to us.
Now, I'll touch on a few examples of that as I provide some more color around our first quarter results. Our revenues were $426 million in the first quarter, that's down just short of 20% from quarter one last year. This is a similar, though slightly lower rate of decline than we saw last quarter.
We continue to see relatively steep revenue declines in our legacy storage media products offset somewhat by growth in other product categories including consumer electronics and external and removable hard disk.
From a regional standpoint, our declines were broad based. U.S., Europe and Asia were all very soft. We continue to see modest growth however in Japan, despite a very difficult economy and that was driven by growth in our Blu-ray optical media.
Our revenues from optical products declined 19% to $211 million in the quarter. Though this rate of decline was better than we saw last quarter we're clearly still feeling the effects of the soft global economy especially on the consumer side of this business. Optical products represented about 50% of revenues in the quarter.
Magnetic product revenues declined 31% to a $123 million that was a similar rate of decline to what we saw in the fourth quarter. Magnetic represented 29% of total revenues in the quarter. This part of our business has been particularly impacted by the economy given our exposure to the financial sector in our tape business. We estimate that up to 40% of our tape revenue comes from this sector.
We did see solid growth in our electronic product segment, which was up about 22% to $31.5 million dollars, primarily in audio products including iPod speaker systems. Electronic products represented 7% of total revenues in quarter. Flash product revenues totaled $20 million and declined 24% from last year representing about 5% of revenues in the quarter.
In our remaining product categories, revenues were up just slightly with growth in hard disk products offset by declines in storage related accessories. When we look at that overall 20% decline in revenues it can be roughly split into a six point impact from lower volumes, a nine point impact from price erosion and a five point impact from negative currency translation.
The rate of volume decline was improved from quarter four, which was a 10% decline and price erosion was inline with recent trends. Currency was a particularly large penalty from a historical standpoint with certain currencies devaluing significantly versus quarter one last year.
Our gross margins in the quarter improved by 2.6 points from the fourth quarter to 16.2% of revenues, however we're still down 2.4 points from first quarter last year. Last year's margin had the benefit of a much higher percentage of magnetic revenue and it was prior to the impact of our financial sector vertical, which really began in Q2 last year and prior to the general economic slowdown in the second half of last year.
Our gross margins benefited from a couple of important factors in the quarter. First, our magnetic tape margins were at their highest levels, since first quarter last year and we're clearly starting to see the benefits of our manufacturing restructuring actions as Frank mentioned earlier.
Second, our optical margins were also very good in the quarter. This category has shown remarkably solid and stable margins for over a year now. The benefits of our brand consolidation strategy are clearly evident in these results.
We're seeing retailers consolidate their business around fewer brands and with the strength of our portfolio brands after completing the TDK acquisition, which follow the Memorex acquisition, we've been gaining share and have seen some of our competitors brands being consolidated out.
In consumer electronics our margins improved from the fourth quarter, but we're still not where they need to be. Our underlying margins in the quarter were actually pretty solid. We did however need to take some additional reserves for excess inventories in certain categories, which remain from the soft holiday season last quarter. We had mixed margin results in the other product categories. Accessories improved, but we struggled with hard disk and flash based products.
R&D costs were $5.3 million in the first quarter that's inline with recent quarters. Selling, general and admin expenses totaled $65.6 million that's down $6.3 million from quarter one last year and down $10 million from last quarter.
There were several drivers to this. First we're beginning to see the benefits of our operating expense restructuring program we announced in the fourth quarter and though the program will not be finalized until the end of this year we are seeing some benefits already.
Second as we said last quarter, the fourth quarter was impacted by higher than typical levels of litigation costs and bad debt expense, both of which were lower in quarter one. The litigation costs were lower than last quarter they continue to be a drain on our earnings and totaled around $6 million in the quarter. The largest part of this spending was associated with the Philips litigation which is ongoing.
Finally in the current economic environment we're being very cautious about our spending overall. We've pulled back in non-essential areas and have instituted a number of cost control measures on a global basis.
Our worldwide employee count ended the quarter at approximately 1,340 that's down about 15% or 230 employees in the quarter and down nearly 40% from the beginning of last year. These declines were driven by several actions over this period including acquisition, integration efforts, our manufacturing restructuring actions and most recently our OpEx restructuring program.
Restructuring charges totaled $5.5 million in the first quarter and we're associated with our structure realignment we announced in November. Let me remind you a little bit about that program. We set a goal of aggressively reducing total operating expenses by the year-end 2009, the overall objective of which is to align our business model with our strategic direction.
Our reductions are focused on selling, general and admin expenses and we're targeting annualized cost eliminations of greater than $40 million once fully implemented. Theses actions will be implemented overtime with the vast majority and completed by the end of this year.
We have recorded approximately $15 million in charges thus far for this program including the $5.5 million this quarter and we anticipate absorbing up to $40 million in total charges for the program and they will mainly be cash for severance and related costs.
Including the charges for restructuring, our operating loss for the quarter was $7.4 million on a GAAP basis and excluding the $5.5 million in restructuring charges, our loss was $1.9 million for the first quarter.
Non-operating cost totaled $7.8 million in the quarter, which is up substantially compared to $1.2 million in the same quarter last year and to $2.5 million last quarter. There were two main factors driving up expense in the quarter.
First, we recorded a $4 million non-cash charge for the write-down of notes receivable and related assets with one of our commercial partners whose financial condition worsened in the quarter and second, with a significant volatility in currency exchange rates during the quarter, we recorded a higher than normal level of currency losses.
Our income tax line was a $3.6 million benefit in the quarter associated with our $15.2 million pre-tax loss, that loss obviously including restructuring in the non-operating charges I just discussed. This represented 24% tax benefit rate, this was lower than our normal tax rate due to our profitability mix by country as well as the tax treatment associated with restructuring charges.
Our loss per share on a GAAP basis in the first quarter was then $0.31 and if we exclude restructuring that loss per share was $0.21. Cash and equivalents ended the quarter at a $103 million that's up $6.4 million from year end and we generated $15.7 million in cash from operations in the quarter and that's despite paying nearly $11 million of restructuring costs.
We had ended the year with days of inventory supply plus days sales outstanding of receivables at a relatively higher 145 days. We brought this down nine days in the quarter primarily through working down inventory levels where we saw a seven day decrease. Additional cash outflows during the quarter included capital spending of $5.4 million.
We believe the cash generating engine here at Imation remains intact and we'll remain very focused on cash flow and working capital management in 2009. In fact, we've increased the role cash generation plays in our variable compensation programs at the company for 2009.
In summary, first as I mentioned earlier, we'll never accept the loss last quarter or something to be proud of regardless of the economic environment. Having said that, I'm proud of the resiliency of the global team as we work through these difficult times, I'm encouraged by our margin performance and the pockets of growth; we did see in the quarter and pleased with the results on the cash side.
We are taking aggressive actions to reduce cost and improve our efficiency and the results are beginning to show. Our gross margins improved sequentially and SG&A was down nicely.
I believe the actions we are taking are the right ones and are necessary to bring our business model in line and to establish the right foundation for the future as we continue to not only address the difficult economic environment, but also position the company for long term success.
At this point, we'll be pleased to take your questions. Thank you.
Question-and-Answer Section
(Operator Instructions) Your first question comes from Glenn Hanus - Needham & Company.
Glenn Hanus - Needham & Company
I don't know if you can give us any help directionally on or how to think about sort of seasonality this year versus other years in your second quarter, third quarter revenue outlook?
Paul Zeller
Well, I guess the comment, one of the comments we made coming out of year-end Glenn that I'd hold to is that in this economic environment we're in and given our seasonality. We always felt it was going to be difficult to have positive operating earnings in the first half and I still believe that.
I think that you typically see and have seen, especially since we've added more consumer content to our overall portfolio. Our strongest quarter being fourth quarter likely followed by third and that's not changing. I believe the open question certainly is the economic environment in the second half and year end and at this stage we're remaining cautious.
We're assuming that we're going to be facing difficult economic conditions for a while and we're approaching our business with that in mind and very focused on cash conservation, control of cost, making sure we go after good business and solid business and that's how we're looking at 2009.
Frank Russomanno
Glenn, I'd like to add to what Paul's comments that I want to separate the business into commercial and consumer. On the commercial side it's extremely difficult for us to talk about any seasonality per se because it's highly depended as to what happens to the economy and it's more difficult to predict from the consumer side.
We can tell you that there are still plans going forward for promotions that are back end of the year based including some Black Friday type promotions. So the seasonality on the consumer side would be somewhat typical, barring some major problems in the economy. The commercial side is definitely harder to predict and very heavily economy dependent.
Glenn Hanus - Needham & Company
So would it be reasonable to think June will be, flat-to-down a little bit overall and then tending assuming the economy status at least for it is today or a little better that you'd see a sequential growth in the second half of the year then?
Paul Zeller
That's our typical seasonal pattern, yes.
Glenn Hanus - Needham & Company
Gross margins, coming in good this quarter at 16.2%, what do you feel about the sustainability of gross margins going forward now?
Paul Zeller
Well, let me address it kind of in two ways. It's a kind of there is a seasonal reality to the first quarter, but then there is also some trends we've been seeing in the business.
Let me start on the first seasonal point, which is, if you look back over the last number of years, three, four or five years, first quarter will tend to be our highest gross margin percentage quarter, just based on the mix of our products, are coming off a very high consumer electronics fourth quarter and much less so in the first quarter that helps from a mix standpoint.
We also tend to see our best margins of the year in certain tape products especially in the entry level in first quarter and so seasonally speaking that is reality. Within the business however, I mean we were encouraged by the improvement in our magnetic margins.
The restructuring programs we've been working hard at, implementing for a number of quarters, really starting in 2007 as you are aware, first with kind of the Wahpeton plant closure and the converting consolidation actions and then more recently with Camarillo closure and consolidating all the coating into Weatherford.
We've been getting benefits, but they haven't been as readily apparent until this quarter and we are clearly seeing our operating expenses at the plant level coming down and we think that's a good thing and should help first and foremost to mitigate the pressures we've been experiencing as the overall portfolio in tape as you know moves towards open formats and then overall just gives the advantage of our overall volume and the real efficiency from running through one plant and really running at full capacity.
Glenn Hanus - Needham & Company
Though is it fair to think that, if you looked at gross margins, have you separated out kind of the mix factor and maybe said, okay, gross margins on a like-for-like basis as you went through sort of each of your business segments, that you could kind of sustain gross margins on a like-for-like basis and then the mix factor which helped you most in the first quarter and then hurts you a little bit in the second quarter and then perhaps the margins rebound in the second half is that, how to think about it?
Paul Zeller
I think the margins percentage wise will usually be the lowest in the fourth quarter actually because of the mix issue, because such a significant consumer electronics piece. I'd say lets talk a little bit business-by-business.
Consumer electronics, our margins in fourth quarter for sure were very disappointing and they were, while better still not where they need to be in first quarter and I'd say we're very focused on improving that on a go forward basis. When you look at optical, very consistent and I believe that's very stable and there is no reason not to assume that will continue in the optical business.
In magnetic we'll continue to battle the mix impact within the data center and between data center and mid range that we've talk about it some length in previous calls and that's really what the restructuring actions are all about is to mitigate that overtime.
So I think overall, I'm not uncomfortable with your statements. I think our objective clearly is first was to stabilize our gross margins and stop the declines year-after-year and I think, we've shown some abilities successfully do that.
Over the long term, we'd certainly like to make sure our margins stay nicely above 15%, I'd say and we're always going to have the objective of improving margins, but there is a number of secular factors we'll face in our businesses as well.
Frank Russomanno
Glenn, at the beginning of Paul's comments, he talked about the first quarter typically being our highest gross margin quarter. I think the best indication is to look at the past couple of years and see what happens in the first quarter vis-à-vis second, third and fourth quarters, today's marketed conditions.
Paul Zeller
Yes, with the caveat that fourth quarter has unique issues that really drove down margins further than we're comfortable with.
Glenn Hanus - Needham & Company
Just on the OpEx side, if I think about excluding kind of one time items of things on and like non-GAAP OpEx basis, Should that trend down a few million dollars each quarter for the next quarter too or just give us some help on how to think about OpEx for the next couple of quarters?
Paul Zeller
Well, I'd first go back to what are we doing about OpEx. We're in the middle of obviously restructuring program and that kicked off in fourth quarter, not a lot of impact in fourth quarter, fourth quarter had some unique extra charges in it as we talked about. Legal litigation costs were higher than they typically been and bad debt expense was higher.
If you adjust for that and then recognize that over the long term we're trying to take $40 million of cost out of total OpEx a little bit of that in the factory line, but most of that in SG&A and a little bit in R&D. That's our long term goal and first quarter, we made some progress in that regard, but we're clearly not fully there yet. Lot of actions left internationally yet to complete on the program.
Your next question comes from Hamed Khorsand - BWS Financial.
Hamed Khorsand - BWS Financial
First question, could you breakout what the OEM represent as a percentage of revenues?
Paul Zeller
Sure. OEM is I think, we actually disclosed this in the annual report. I don't know is it about 10% to 15% in terms of total revenues, roughly speaking, it's an important part of our business because the business we do with OEMs isn't just about the sales to them, but it's a relationship with them and the development programs and the fact that we take a lot of OEM brand to market for them and it's a very important distribution business for us. The actual number, it's actually in our 10-K was 8% from 2008.
Hamed Khorsand - BWS Financial
Given what's going on, what's the decline in your magnetic tape. How are you guys just into may be not been able to recoup those loss revenues from the financial customers, maybe they go onto newer technologies, different ways of storing, how are you guys manage to adjust that loss in revenues?
Frank Russomanno
Well, we are going to do several things. Number one as Paul just mentioned is to maintain close relationship with the OEMs. We know that the OEMs are going to continue over the next couple of years to introduce new formats and in a couple of years means anywhere from five to seven years starting with the LTO-5, which we expect to be introduced in the fourth quarter of this year, with limited amount of drives being introduce, but in 2010 LTO-5 will be in full availability.
Then of course there are the 3592 systems and also the T10000 systems from Sun StorageTek. So we have maintained good relationships with the OEMs and we'll continue to do that and we'll continue to develop products for the future, so that's the first thing.
The second thing is we're very focused on margin and dollars derived from these sales. We think tape sales are going to have a very long tail and that will be in the business for a long time and we will continue to optimize, which is one of our key platform strategies continue to optimize our tape business participation and tape is much caused out through greater productivity, greater yields and looking for opportunities when and where possible to find further cost reductions.
So we see margin as to being the important element to the tape business. Clearly, new technologies are changing this business and by that I mean a virtual tape, which has been around for a long time, but deduplication is another example of a technology that has changed the storage of tape, but there is no other format that has a better costs per gigabyte than tape for archival storage and we don't see that changing.
So, we're going to participate to our maximum share by the way we are the number one share leader. So, we intend to maintain that global share even if that market declines.
Paul Zeller
If I could add something more on it is that we are also focused in other categories within our commercial business for growth. We think there is a very nice opportunity in the whole hard disk arena, especially around removable hard disk in the RDX platform as well as Odyssey. You may have seen some announcements on our new toner product line and we think that's an interesting opportunity.
Some other new technologies, wireless projection link and other product category. Within the consumer side of the business, we think there are growth opportunities overtime as well in consumer electronics and in broader categories of accessories as well.
I think in the near term in the economic environment we're in, clearly revenue is not the number one focus, it's an important focus. We're focused on profitability and cash generation and making sure that we're well positioned as the economy turns around, but I think overall the growth prospects are very good and interesting here at the company.
I think some of the proof points in our strategy are the breadths of different directions and opportunities that we now have in front us with our brands, with our channel strength, with the global footprint.
Frank Russomanno
So that the key point is whereas tape might be going away, we don't intend to lose our presence in the commercial channels and with the large commercial accounts that we have those relationships with.
Hamed Khorsand - BWS Financial
When do you think we'll see an inflection point in Blu-ray where it's more cost efficient to use that media?
Frank Russomanno
We see the inflection point in Japan already. Our sales in Japan this year versus last year just about double, there were up over 90%. We've not seen that inflection anywhere else in the world to any degree and there is a good possibility, we might not see an inflection point to the degree that we've been talking about for the past couple of years.
What the Japanese market has introduced is set-top players and recorders more importantly including recorders in flat-panel TVs. If we had devices like that in U.S. that perform more or like older video type systems. We could very well see that inflection point, but we might have to consider that our economy and our preference in U.S. and probably for Europe is a DVR type of economy as compared to an optical disc.
Paul Zeller
I think if you think about the pattern of movement in CD and then DVD between the players and moving to recorders, that path is moving on a similar if not even a more accelerated pace with Blu-ray, but it does take time.
Right now it's about getting the recorder hardware to come to a price point where it becomes ubiquitous at the PC level for instance, where it becomes a standard drive with the recording capability and then we'll see a larger share of blank media sales.
The question about when and how big that is, I think it's still an open question, because really the hardware is into a price point where it's going to be a generally available feature in PCs at this stage.
Your final question comes from Chuck Murphy - Sidoti & Company.
Chuck Murphy - Sidoti & Company
I've got a few questions for you. I guess first, could you talk a little bit in the press release and in your comment you mentioned that the gross margins for optical were pretty stable, if not a little bit better, just talk about what that was again?
Paul Zeller
Yes, I think overall at the high order of magnitude level, it's really the success of our brand consolidation strategy with the portfolio brand we have and the strengths that they have in the various regions around the world, Memorex very strong brand in the U.S. well over 50% share we believe.
TDK, the number one in Japan; Imation brand in Asia-Pacific, outside of Japan is a number one brand and we have a number of solid brands in Europe. I just think we're in a position now where we are the number one share leader in the industry and that allows us I think to have a very stable business in this arena. I think the maturity of the category is part of that as well.
On the very early stages when there was very fast and rapid growth, you saw a more capacity coming online, you saw more pricing distortions and cost moment and more variability and volatility in gross margins, because of that.
Now, really as we said for a number of quarters in a row, I mean our gross margin have been very stable and then frankly they are at and above corporate levels and it's a very good product for us and we're well positioned and the ability to be the vendor with multiple brands when some of the channels are looking at consolidating space is really a good position to be in and we think that's helping us.
Frank Russomanno
Chuck, the other thing besides Paul mentioning that this is part of our strategy and we feel very confident this piece of our strategy is working. Industry consolidation was recognized by us three years ago.
We're about doing that right now our experience in diskettes pointed the way of how to do this in a previous way and when it's all set and done, we would not be surprise the major markets to just seek two brands on shelf, just like we saw with diskettes. As we intend to be one of those two brands in all of the major regions around the world.
Chuck Murphy - Sidoti & Company
So it's just kind of factors since you are the biggest player now in the space, you can just kind of keep pricing a little bit more stable?
Frank Russomanno
I think Paul's point was that it's a mature product category. This is not the product you see on ad every weekend in the flyers. It's not what's going to draw street store traffic like it did in five or six years ago. So it's a more stable environment without high growth, but there is opportunity for us to consolidate and grow share by being the preferred brand on shelf.
So I wouldn't say that it's just because of the lack of competition by no means, its part of a strategy, but it's typical of the lot of consumer products that are mature.
Chuck Murphy - Sidoti & Company
I'm just saying like in terms of the margin, I mean if the sales are down year-over-year and somehow the margins were at the same?
Paul Zeller
Yes, well, I mean first of all it is the source product business model and so there isn't the efficiency issues you'd face with manufacturing when revenue go down and I'd say our position of strength is forward and back with the supplier community as well as with our position in the channel.
Chuck Murphy - Sidoti & Company
What are your expectations for depreciation and amortization as well as CapEx for the year?
Paul Zeller
Well, we haven't given specific guidance, but it should be pretty clear from our trends and things that we've been traveling in the kind of $15 million circle range for CapEx and D&A last year was $50 million. It's reasonable to assume that the depreciation part of that is probably going to trend down with some of our manufacturing rationalization actions we've taken. Now, you should expect something lower that that.
If you look at first quarter and annualize it, you are not far off, maybe a little bit higher than that on an annual basis, but we're still going to have in the mid 40s somewhere in terms of D&A on an annual basis.
Chuck Murphy - Sidoti & Company
I know you said that the CapEx was pretty high in the quarter, was there a reason for that?
Paul Zeller
Yes, actually there was, it's a good question. We did leave some space here at our headquarters and finalized at least as of the beginning of the year like last year and there were some tenant improvements that we are always part of our plan for 2009, but we're all timed in the first quarter that we're part of bringing that tenant in. So I just think we sort of upfront a bit of that capital spending run rate into the first quarter.
Chuck Murphy - Sidoti & Company
What about working capital? Where do you see that going through out the year? I mean, you've already taken it down to fair amount versus the fourth quarter?
Paul Zeller
I'd say, let's break it into the pieces, I think accounts receivable has been more stable than inventory and it's probably in and around the right range a few days up and down from where it's out.
Inventory I think, we still have some room for improvement there and our business is a different mix that it use to be. So, if you go back several years I don't think you will see us approaching those kinds of days of inventory and turns, but I'd like to see as target getting back towards the range we were at coming out of '07 and into '08 rather than certainly where we ended '08.
Chuck Murphy - Sidoti & Company
And payables?
Paul Zeller
Yes, that will trend with the activity and with the inventory levels.
Chuck Murphy - Sidoti & Company
Can you just kind of give us an update, we've talked about in the past that what you are doing as far as restructuring and your potential cost savings? Can you just tell us how much you've spend so far? How much you've planned to spend and how much of your total cost saving you've realized so far will do in the future?
Paul Zeller
On the cost side, we've quoted that we may spend up to $40 million on the program of which we have incurred $15 million to-date generally related to that. I'd say and then we've said we'll save at least $40 million in OpEx. I think, if we are off those number we'll save more and spend less than the other way around and so that's good news.
I'd say, we are moving along the way, the precise number is a moving target to a degree because you have currency rates that move and other factors affecting OpEx, but we've made a meaningful start, but there is quite a bit left as well especially in Europe.
Chuck Murphy - Sidoti & Company
So, but is $40 million in OpEx savings, not including any kind of change in cost of goods?
Paul Zeller
Correct. It's primarily in OpEx, there is an inconsequential part in cost of goods sold, but the majority is in OpEx and the majority of OpEx by far is in SG&A.
There are no further questions at this time.
Frank Russomanno
Okay. I'd like to just wrap this up by thanking everyone for joining us on today's conference call. This was a challenging quarter for us, but I do want to emphasis that we're encouraged by the actions we've taken and we'll continue to take, we remain committed to this strategy and are focused on improving our financial performance and creating shareholder value. We look forward to talking to you at the end of Q2. Thank you for attending the call.
Ladies and gentlemen, this concludes today's presentation. You may now disconnect.
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Employment trends in residential and nonresidential construction
November 30, 2006
Following the recession of 2001, construction industries serving residential customers have thrived, and those serving nonresidential customers stagnated or declined.
Demographic trends and favorable economic developments created strong demand for residential construction. Low mortgage rates, surging sales of second homes, baby boomers with large amounts of home equity, affluent and educated young people moving within the United States, and immigration into the United States fueled activity in the housing market.
This increased housing activity carried through to residential building employment, which grew through virtually all of the 2001 recession, adding 194,000 jobs following its last employment trough in April 2001.
The picture for nonresidential construction has not been nearly as rosy.
Driven by generally bleak business conditions, especially following the collapse of the "dot com" economy of the 1990s, employment in office-using industries experienced a decline. This same trend is seen in industrial construction, which has been negatively affected by long-term weakness in manufacturing. This has led to greatly diminished nonresidential construction investment.
Employment in nonresidential building construction entered a period of nearly 3 years of decline in October 2000. By the time it reached its trough in February 2004, the industry had lost almost 95,000 jobs. Since then, the industry has recovered about a third of the lost jobs.
These data are from the Current Employment Statistics program. To learn more, see "Recent employment trends in residential and nonresidential construction" by John P. Mullins, Monthly Labor Review, October 2006.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Employment trends in residential and nonresidential construction on the Internet at https://www.bls.gov/opub/ted/2006/nov/wk4/art04.htm (visited January 24, 2017).
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A look at the future of the U.S. labor force to 2060
Projected long-term trends in the growth, size, and composition of the labor force.
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Historical trends in union membership among employed wage and salary workers; union membership by a variety of demographic characteristics.
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Spending on healthcare, current and projected employment in the industry, employer-provided healthcare benefits, healthcare prices, and pay for workers in healthcare occupations.
Self-employment in the United States
Trends in self-employment by various demographic and socioeconomic characteristics, including both the unincorporated and the incorporated self-employed, as well as data on paid employees who work for the self-employed.


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Skip to comments.Why Middle-Class Americans Are Turning to Dumpster Diving
Posted on 09/20/2011 4:53:01 PM PDT by EBH
Have you ever thought about getting your food out of a trash can?
Dumpster diving has become a hot new trend in America. In fact, dumpster divers even have a trendy new name -- "freegans" -- and as the economy crumbles their numbers are multiplying.
Many freegans consider dumpster diving to be a great way to save money on groceries. Others do it because they want to live more simply. Freegans that are concerned about the environment view dumpster diving as a great way to "recycle" and other politically-minded freegans consider dumpster diving to be a form of political protest.
But whatever you want to call it, the reality is that thousands upon thousands of Americans will break out their boots, rubber gloves and flashlights and will be jumping into dumpsters looking for food once again tonight.
So is this actually legal?
In some areas, dumpster diving is considered to be legal. In other areas, dumpster divers are technically breaking trespassing laws. Although in most areas the police have so many other problems that they aren't really concerned about cracking down on dumpster divers.
One of the biggest issues facing dumpster divers is safety. Crawling around in back alleys and side streets in the middle of the night is not exactly the safest thing to do. But the lure of large amounts of free food is enough to keep some people coming back over and over again.
During the recent economic downturn, the popularity of dumpster diving has exploded. Today, there are dumpster diving meetup groups, dumpster diving Facebook groups, and even entire organizations such as Food Not Bombs that openly encourage their members to go dumpster diving.
If your family was going hungry, would you go dumpster diving?
You might be surprised at who is doing it. Dumpster diving is not just for the homeless and the unemployed anymore. A lot of people that have decent jobs have picked up on the trend.
Just check out the following example from a recent MSNBC article, "When Money Ran Short, This Dad Started Dumpster Diving."
A programmer by day, Todd takes to the streets of North Carolina by night, digging through Dumpsters at drug stores and grocery stores all around his rural neighborhood.
"You would be simply amazed at what businesses throw out," he said. "I've only had to buy two loaves of bread all year. ... Last week I had a trunk full of cereal, cookies, chips and ramen noodles."
Todd slinks in and out of smelly places with low-light flashlights to evade rent-a-cops who will shoo him away. Most nights, his 14-year-old son comes along.
The truth is that dumpster diving is just another sign of the times.
Food prices continue to rise and are putting incredible stress on the budgets of average American families. We just saw another huge rise in food prices during the month of August. Just check out the following data from a recent article posted on The Economic Policy Journal...
The index for finished consumer foods jumped 1.1% (13.2% annualized) in August, the third straight rise. Over 30% of the August advance can be traced to meat prices, which climbed 2.4% (28.8% annualized). Higher prices for processed poultry and eggs for fresh use also were major factors in the increase in the finished foods index.
If you are married and have a couple of children it can cost a lot of money to feed them every single month. It is not hard to understand the allure of dumpster diving for people that are having a hard time making ends meet.
[Dumpster diving isn't the only way to cut down on spending. Check out these 25 Ways to Save Hundreds on Your Monthly Expenses.]
Other Americans are choosing to dumpster dive because they believe that it helps them live a simpler lifestyle. There is a growing movement of people in America that are rejecting all of the "consumerism" that we see all around us.
Today, the average U.S. household has 13 different credit cards. We are constantly being bombarded with ads that tell us that we need more stuff in order to be happy.
Well, a lot of people have decided that is a lot of bunk and they are doing whatever they can to simplify.
Other dumpster divers are absolutely horrified by how much food is wasted in America: It has been estimated that 263,013,699 pounds of food are thrown out in the United States every single day.
Can you imagine?
We are probably the most wasteful nation on the planet. With the number of hungry people in the world, it is absolutely criminal how much food that we waste. In that sense, it is probably a good thing that dumpster divers are saving some of that food from the landfills and are finding positive uses for it.
In my recent special report about poverty in America, I noted that 46.2 million Americans are now living in poverty. For now, the U.S. government is helping feed over 45 million Americans through the food stamp program, but what is going to happen once the social safety net starts to break?
Right now, dumpster diving is cute and fun and an interesting way to save money, but in the future there may be millions of Americans digging around in trash cans if we don't get this economy turned around.
Note from the Editor: This article was originally posted at The Economic Collapse blog.
Years ago foods like this would have been donated to churches and food banks, but with the regulations the way they are...legally it has to be thrown out.
Even our canned foods have an expiration date on them these days. Many of us older folks know that canned food is good long past the expiration date if the can is not bulging, dented, or damaged in some manner. But the government says you can't sell it or donate it.
Now there is that little matter of the average household having 13 credit cards!!!
I have done before
if you're dumpster diving, you're not middle class
and you have no class
you're on the edge of civilized society and falling into the gutter
13? I have 1 and it makes me nervous.
Been there .. Done that!
Also got some Great hot pizzas .. after closing time behind Pizza Hut!
"...youre on the edge of civilized society and falling into the gutter..."
Thanks to Big Government, we TAXPAYERS are being PUSHED rather than just falling of our own accord. :(
Over here... ;)
I am guessing here .. You've never been Really, Really hungry and didn't feel like stealing?
Dumpster divers have green jobs. Here in California this green industry is thriving.
When I was about 10 years old, me and a freind found a brand new package of chocolate covered graham crackers in a dumpster behind a mom & pop store. I'd eaten several of them before I saw the maggots coming out the little holes.
I swore off dumpster diving and I haven't eaten a whole graham cracker in the 50 years since.
Amazing how many things under the Obama administration have attempted positive spins on them even though they're horrible. 'freegans'? It's a 'freakin' shame. Thank you, Barry. I wonder if Michelle is or ever has been a 'freegan'? Nah.
Two thoughts here....
Either you've never been hungry...like really hungry
You have never worked at a grocery in Jan. when they toss out all the frozen turkeys that didn't sell. Or the expired cans of sweet potatoes
the week old...but still good fruits and veggies...
Which also contribute to higher food costs.........
People do what they have to do to exist, or to maintain their pervious lifestyle.
They told us it was against the law, so we waited until the stuff went in the dumpster and crawled in and "stole" sometimes only slightly bruised fruits and vegetables.
After seeing first-hand the good things businesses throw away, dumpster diving is mighty tempting.
IOW, I don't believe that middle class Americans are turning to dumpster diving.
Just for you to view...
Some of my best buds were the black guys who decided to sneak smokes in the middle of the night....in the empty dumpsters right between the Quonset huts at MCRD San Diego.
I joined 'em a few times, and damned if we never got busted..........had that happened, we'd still probably all be in the brig.
The only bad part was the stereotype thingie...all we had was their stupid menthols - heh.
I've done it too...for bottles and cans. I made a decent wage for it and it's cash that even the irs gestapo cannot take away from you.
My neighbor told me all the time that 24 2-liter pop bottles is equals to $4...and I did confirm it when I went to this illegal alien-run can and bottle depository in L.A.
When I worked as an Event Planner, I worked with several caterers. All food that is not eaten is discarded (the law). The first time I realized that they were throwing away the food, I freaked. After that, I brought containers and they filled them up. Yes! Awesome food free.
In the Gulag garbage eaters were called "dokhodyagas" or goners. Of course, an American dumpster might rival the selection and quality of a Soviet supermarket.
Ain't too proud to beg, Sweet Darlin'...
I love, love, LOVE my local grocer's Produce Guy. He gives me HUGE boxes of 'scraps' for my hens to eat - for FREE!
I won't lie to ya - a few weeks back there were enough strawberries (ONE spoiled per container) and enough apples to bake pies. There was enough good lettuce and other veggies for salads all week long, on TOP of what I grow myself...
This country is SWIMMING in food - and it's a cryin' shame that a mouthful of it ever goes to waste!
In my next life I'm going to find a way to recreate The Loaves and the Fishes. Don't doubt me. I'll do it!
Other dumpster finds? The two planter-pots outside of my back door. 'Martha Stewart' brand, priced at $40 EACH - I always have lovely seasonal arrangements in them, or I use them to grow salad greens in artful plantings. Soon, they'll have Mums planted in them for the Fall, then holiday greenery and lights and such.
The artwork in my Master Bath that takes up an entire wall? One huge 'print' by John Singer Sargent of a girl that looks just like me in my youth - gilt framed and everything. Dumpster picked. It's SO awesome and makes me smile every time I walk into that room. :)
I could go on, but I won't. Well, maybe later, LOL!
Proud to be a Bottom Feeder. IF you're not scoping out the curb or the dumpster or are too shy to ASK, you don't know what you're missing! :)
Back in the 1970's my Mom would go to the Nickles Bakery to get the day old bread...claimed it was for the wildlife...
Darn computer! What is this stupid reality show? "Dumpster Diving?" Gross. I thought I had it on FR.
Identities to steal.
True story: Company went broke.
Lost my job and had no prospects.
Wife filed for a divorce which turned nasty.
Bank assets, automobiles (for me) were frozen and wife got temporary ownership of the house .. I got the street.
Had enough money to purchase a tent which I pitched in the woods next to the RR tracks.
With no job prospects, I would walk several miles, every morning at 5am to a 'labor pool' to work for around $19.00 a day after taxes!
I was trying to save enough cash to buy this old pinto wagon for transportation AND it would also allow me to carry others to their job sites from the labor pool and earn even more money.
I had told this second hand auto dealer my situation and he agreed that if I were to give him half of the 850.00 price of the pinto, he would allow me to pay the rest off in daily payments from the labor pool work.
(The dealer was next door to the hall)
$19.00 a day didn't go far and I REALLY needed that car so-o-o .. I survived by 'dumpster diving'!
Publix, Albertsons, Winn Dixie use to throw out TONS of food, including canned hams and pretty decent vegetables.
(Can't forget the shrimp platters 8)
Little Cesare's(sp?) and Pizza Hut were life savers too!
After Six Months of #ELL .. I got the pinto, got a Real job and .. The rest, as they say .. is history!
BTW: The county that I was living and grew up in .. shortly afterward passed a law called "Disturbing the contents of a dumpster" which got you a ride to jail!
(nice huh?)
The stores also started dumping kerosene on the food in the dumpsters!
(nice huh?)
A tip even for the 'un-broke' .. The week after christmas, hit the dumpsters behind your local drugstores that sell stuff like walkman tv sets, am/fm radios etc. etc. .. Folks who don't know the correct way to install batteries in these things, return them and the stores mark em off as 'write-offs' and pitch them!
(I wound up giving away a ton of mini tv's and am/fm radios since I only needed one! 8)
You CAN sleep .. ten feet from RR tracks! 8)
Freegans aren't new. I first read about them around 8 years ago.
I'm all about a good dumpster dive. But not for food. I coupon and other stuff to save money on food. I do, however, have 3 30 degree sleeping bags, hockey flags, 4 insulated lunch coolers, 2 fleece (LLBean type) dog beds and 3 tents. All from ONE dive. Oh, and they were all brand new with tags. The dumpster was in a business district, so it was mostly paper goods...no stinky! We STILL talk about that night. good times. good times. ;-)
I guess I have too, at least technically and NOT for food.
At the end of every Spring semester at my university kids going home for the Summer would invariably reach the panic point where they and their parents realized that all their stuff wouldn't fit into whatever mode of conveyance they were going home in.
Result: an ENORMOUS amount of stuff that was hauled out into the trash area behind the dorms.
And it was good stuff too. Over several years I managed to obtain multiple bookcases, a brand-new cedar-lined steamer trunk, a drafting table, books, computer games, lamps and the like.
I've been working one or two jobs since I was 11. farms, construction, lawn work, restaurants, snow removal... whatever. through college, sometimes three jobs at once. most times I was doing 60-110 hrs/wk (6 days per week). I've worked in secure holes and overseas for long periods of time. doing whatever required to get the job done.
during all that time, I've never spent much on 'wants', mostly focused on 'need' spending.
the result of doing this over 30 yrs would be financial security.
I did spend years where my meals were oodles of noodles or peanut butter sandwiches.
but at no point did I look at a slice of pizza in the trash and think "oh yea... dinner!"
I'm pretty sure if I did, I'd go hungry and find another job asap (and yes, there are *always* jobs available, even if they aren't advertised)
You are correct. The freegan thing isn't new. What the article is claiming is new...is it is middle America now doing it.
The 'trendy new name' was around 15 years ago. I think many businesses are afraid to give away old food for fear of liability. My neighborhood grocery store won't let me take away their old produce for compost out of this fear.
I have and still dumpster dive.
In the past, I used to harvest electronics, books, and furnishings that were discarded at the end of the academic year. I'd resell everything and make great cash for a few hours of work.
I never had it as bad as freejohn, but when I was a few fresh out of college, on my own, and scraping by, yes I used to pick perfectly good canned and baked goods from behind the Safeway and (my favorite) the local gourmet grocery. A local pizzeria used to give me the unsold pizza slices when I would come in at closing time.
Nowadays, I'm in the top tax bracket and, yes, I still dumpster dive. For what? The piles of discarded vegetables behind the grocery go right into my compost piles. And I still occassionally drive around a couple of choice neighborhoods on trash night and have score some great decorative pieces and antiques. A little restoration work and it's off to the antique dealer. Even better is when I go around my neighboorhood and pick up items (lamps, exercise gear, electronics) people left on the curb for the trashmen, take the items, clean them up, and sell them at the neighboorhood yard sale.
The sad truth is that many in this country are extremely wasteful. No conservative, in my opinion, should look upon wastefulness and laziness and make excuses for it.
My Mom goes to our local bakery for 'day old' bread for my chickens; her GrandChickens, LOL!
We ALL live like Queens on the stuff that's thrown away ONE SHORT DAY past it's expiration. Focacia Bread, hard rolls, whole wheat breads, pizza dough, Danish, etc.
It's insanity, I tells ya! Insanity! But a boon for me. And Mom. And the hens, who in turn all of that FREE food into yummy-licious eggs! :)
Life as a Bottom Feeder is Good. :)
EBH, my bad...
Diana, I KNEW we were kindred spirits!
Mia: My Mom works in her Church Kitchen. She's one of the original 'Church Basement Ladies' if you're familiar with the Midwestern-mocking theatrical play.
Anything that isn't eaten goes home with them, too.
Those goofy Lutherans! Whatareyagonnado? ;)
I agree about how wasteful this country can be. I have pulled many a useful item out of the trash in my time. Never have dumpster dived food, but anything else is fair game.
God Bless You. You are a SURVIVOR and I admire that in a Freeper. :)
"No conservative, in my opinion, should look upon wastefulness and laziness and make excuses for it."
The only thing I would worry about it how long the meat had been in the dumpster or how long it sat waiting unrefrigerated before being taken out.
But it was a prime rib and fillet Mignon?
As an Army Ranger during the nam conflict .. I Learned how to survive!
Every survival skill that I had learned served me well while I was going through that experience.
I can GUARANTEE you that Without a home or transportation, living in Fort Lauderdale, Florida at the time that .. You would Not be working a 'normal' job or three 'normal' jobs at the time!
You would do Anything to get yourself back into the 'normal' flow, get transportation first, (which I then slept in) and after that your prospects for Real work would present itself!
Nobody wanted someone who they didn't think could be relied on to report for work, If they didn't have reliable transportation.
This is South Florida that I'm talking about and it's a Rattlesnake for the down and out!
And .. Unless your pride gets in the way .. You Would eat some 'nicely boxed' and still warm pizza from a pizza hut dumpster .. when you got hungry enough!
I didn't say that the pizza were just slices, thrown away on a trash pile.
They were always boxed and warm! 8)
Thank You Diana in Wisconsin
I am a better person for it!
Life can throw even the most prosperous a curve and if you want to survive .. You will do Anything, that isn't illegal to pull through!
I now know that if I am ever in a similar situation .. It is not the end of the world! 8)
I used to make quite a bit of spending money dumpster diving- I'd find perfectly good items, and take them to one of the local consignment auction houses to sell. Paid cash weekly. Lotsa fun.
I used to make quite a bit of spending money dumpster diving- I'd find perfectly good items, and take them to one of the local consignment auction houses to sell. Paid cash weekly. Lotsa fun.
I was 'upper' middle class and I was in a position that I had to do it.
It saved my life!
While out working, I regularly run into a couple who dives for scrap. They tell me that they average around a grand a week doing this- which is really good money around these parts (more than I make!), especially if you aren't paying taxes on it.
Baraq promised change.
Sadly it wasn't what most of his voters expected.
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