text:
Meishan Hotel
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- Suites
- Room service
- Restaurant
- Free High-Speed Internet
- Continental Breakfast
- Wheelchair accessibility
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Travel Blogs from Meishan
500 Meters Steep
... to always be under construction, and even though there were some nice shopping areas, it was still a bit too filthy and unpleasant to enjoy!
We met an Australian couple on our bus ride to Leshan, they were traveling in China for 2 weeks. They were fun to talk to for a while, and we at least had some company to brave the public bus again once we got to the train station. There was a girl on the bus who handed us all a gold heart on ...
Giant Buddha
... fashion like when you are waiting in line for the next ride at Disneyland, but luckily there was ************e there. It must be hell to go there during the weekends or on national holidays and having to make your way through the dozens of loud, obnoxious and oversized Chinese tour-groups. I had a good look at the Buddha, wandered around the park for a bit and called it a ...
Sooty Sichuan
... and scruffy people went about their work.
Not much else can be said about the day. We found the cycling mentally and physically tough after such a long break from the saddle, especially in the relentless sleet and, unfit, our slow pace meant no time for breaks. When 50 miles arrived we were certainly ready for a hotel. Our destination of Meishan was another 10 miles away and it was a good decision that made us stop and ask around in a town which ...
Leshan dafo
... a bridge over to Wayou Shan. More steps took us up to the pink walled monastary, was a very peaceful place some fantastic statues and a lovely temple where there were monks praying. Feeling better after our experience there we went down to the bottom, expecting to find a bus or boat, but there were no directions to anything! managed to flag a taxi down to take us into Leshan. Halfway there we had to stop as Niamh needed to ...
Enjoying Meishan / Introduction Bunun tribe
... A hacked head cannot be held from the time millet is sown to the time it is harvested. To avoid evil effect on the millet, the hacked head cannot be placed in the barn or hung or hung on the outside walls. In the Isbukan tribe a special rack for the for the hacked head will be erected near the house of the group leader. The Wizard of the Bunun: In traditional Bunun society, when someone encounters difficulties, he/she would turn to the wizard for ...


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The unifying goals of this POI competing renewal resubmission are to further understand the immune, exposure, and genetic basis of chronic beryllium disease (CBD) and to discover and validate biological markers of disease, prognosis, and therapeutic response. We hypothesize that antigen-induced granulomatous diseases result from an aberrant interplay between genetic susceptibility and exposure, resulting in immunologic and inflammatory consequences. CBD is a model human disorder in which to advance our understanding of antigen sensitization and granulomatous inflammation. Exposure to beryllium continues as a public health concern with approximately one million individuals currently at risk for developing chronic beryllium disease (CBD). In the past five years, this POI has solidified a productive collaborative team at the University of Colorado and National Jewish Health, establishing a large available patient cohort and all of the needed genetic, immunologic, biochemical, and analytic models, technologies and collaborations to 1) identify the beryllium-peptide antigen, 2) establish the genetic basis of disease susceptibility in relation to environmental exposure, 3) establish the immune basis for disease progression and therapeutic response, and 4) develop new clinical biomarkers based on that understanding. This Program proposal is comprised of three Projects with interdisciplinary translational research approaches and three Cores, as previously. Project 1 will determine the structure of the beryllium-peptide antigen, define how HLA-DP plus antigen trigger the beryllium-reactive T cell antigen receptor response, and use the peptides to pilot a new class of disease biomarkers. Utilizing genome-wide association tools and exposure characterization. Project 2 will establish susceptibility factors underlying antigen presentation and immune pathways relevant to sensitization and disease, along with gene-environment interactions, in a collaboration that combines cohorts from three major beryllium research centers. Project 3 will define the immune regulatory mechanisms involved in the progression from beryllium sensitization to disease, evaluate biomarkers that predict risk of progression from sensitization and disease in beryllium-exposed cohorts and observe effects of pharmacologic intervention. The Projects rely on an Administrative Core, a Clinical and Laboratory Core to provide clinical data and specimens, and a Biostatistics/Exposure Core for data management, analysis and exposure assessment. These findings will have important implications for public health and will be applicable to beryllium-exposed individuals and those with other granulomatous diseases. This proposal will define and validate biological markers of disease risk, progression, and prognosis, identify immune pathways in granulomatous disease, and contribute to the understanding of genetic and environmental variation relevant to immune and inflammatory mechanisms in environmental illness. BACKGROUND This is the first revision of a competitive renewal application for a program project to continue studies into immune mechanisms of chronic beryllium disease directed by Dr. Lee Newman. The application consists of three research projects and three support cores. Productivity: Studies from the first round of funding have resulted in 50 peer-reviewed publications that also covers a period with a minimal level of bridge funding from NIEHS to support the cohort. The productivity and continuance demonstrate quality, commitment and ability to work together. PROGRAM AS INTERGRATED EFFORT
|Clayton, Gina M; Wang, Yang; Crawford, Frances et al. (2014) Structural basis of chronic beryllium disease: linking allergic hypersensitivity and autoimmunity. Cell 158:132-42
|Mack, Douglas G; Falta, Michael T; McKee, Amy S et al. (2014) Regulatory T cells modulate granulomatous inflammation in an HLA-DP2 transgenic murine model of beryllium-induced disease. Proc Natl Acad Sci U S A 111:8553-8
|Bowerman, Natalie A; Falta, Michael T; Mack, Douglas G et al. (2014) Identification of multiple public TCR repertoires in chronic beryllium disease. J Immunol 192:4571-80
|Dai, Shaodong; Falta, Michael T; Bowerman, Natalie A et al. (2013) T cell recognition of beryllium. Curr Opin Immunol 25:775-80
|Falta, Michael T; Pinilla, Clemencia; Mack, Douglas G et al. (2013) Identification of beryllium-dependent peptides recognized by CD4+ T cells in chronic beryllium disease. J Exp Med 210:1403-18
|Chain, Jennifer L; Martin, Allison K; Mack, Douglas G et al. (2013) Impaired function of CTLA-4 in the lungs of patients with chronic beryllium disease contributes to persistent inflammation. J Immunol 191:1648-56
|Newman, Kira L; Newman, Lee S (2012) Occupational causes of sarcoidosis. Curr Opin Allergy Clin Immunol 12:145-50
|Van Dyke, Michael V; Martyny, John W; Mroz, Margaret M et al. (2011) Exposure and genetics increase risk of beryllium sensitisation and chronic beryllium disease in the nuclear weapons industry. Occup Environ Med 68:842-8
|Martin, Allison K; Mack, Douglas G; Falta, Michael T et al. (2011) Beryllium-specific CD4+ T cells in blood as a biomarker of disease progression. J Allergy Clin Immunol 128:1100-6.e1-5
|Sawyer, Richard T; Maier, Lisa A (2011) Chronic beryllium disease: an updated model interaction between innate and acquired immunity. Biometals 24:1-17
Showing the most recent 10 out of 54 publications


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Futuremark Releases an Update for 3DMark 11
Futuremark releases an update for their 3DMark 11.
A gaming benchmark for DirectX 11 PCs, the results produced by the new version are compatible and comparable with results produced by previous versions. The new version includes the updated Bullet physics library version 2.79 to improve compatibility with future CPUs and GPUs, and a new "More" tab with information related to other Futuremark products and services.
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text:
James Govan
|James Govan
|Birth name
|James Govan
|Also known as
|The Kid[citation needed]
September 2, 1949
McComb, Mississippi, U.S.
|July 18, 2014(aged 64)
|Blues, soul
|Singer, songwriter
|Years active
|Charly, Overture
James Govan (September 2, 1949 – July 18, 2014) was an American Blues soul singer. His most recent album, I'm in Need, was released in 1996. He had also performed alongside such artists as The Boogie Blues Band and Charlie Wood. Govan had become one of the favorite musicians on Beale Street, known for his cavernous baritone voice.[1] He routinely performed for over two decades at the Rum Boogie Café.[2]
Early life[edit]
Govan was born in McComb, Mississippi, and by the age of 13 was playing the guitar.[3]
Jackson played for a group named The Vans, when he was discovered by Fame Studio's George Jackson. He recorded with Fame's Mickey Buckins in 1969. He recorded several singles with Fame through 1972, but they failed to sell.[4] These recordings, including several that were never released, were released by Ace Records in 2013.[5]
Govan performed at Beale Street in Memphis, Tennessee, from 1989 to 2014, performing vocals and percussion. Starting in 1994, he performed regularly with the Boogies Blues Band at the Rum Boogie Café, Beale Street. In that time, they were named the Best House Band on Beale Street three times by the Beale Street Merchants Association, and they headlined the BSMA awards for the 2002–2004 Awards Ceremonies.
Govan and fellow musician Don Chandler both received a key to the City of Memphis for their contribution to the music scene in Beale Street over the previous 15 years. Such an honor has not been received by any other musician on historic Beale Street.
Govan was the hero of the Porretta Soul Festival, Tribute To Otis Redding, Italy, where he performed from 1993 to 1997. The latest live performance album by James Govan and the Boogie Blues Band was released in 1999, entitled A Night on Beale. This commemorated 10 years of performing on Beale Street.
Rum Boogie themselves claim that their commitment to Memphis music 7 days a week makes Beale Street "Home of the Blues, Birthplace of Rock n Roll".[6]
He died at the age of 64 on July 18, 2014.[2]
- 1996: I'm In Need
- 1998: A Night on Beale (feat Boogie Blues Band)
- 2003: Eyes/Dangerous (percussion) (credited)[7]
- 2013: Wanted: The Fame Recordings
See also[edit]
- ^ "The Porretta Soul Festival - The Stars". Archived from the original on May 7, 2006. Retrieved 2007-02-18.
- ^ a b Boone, Joe (2014-07-21). "James Govan: 1949-2014". Memphis Flyer. Retrieved 2014-07-25.
- ^ "MN Blues". Retrieved 2007-02-13.
- ^ "The Soul Singer Who Never Quite Made It".
- ^ "Wanted: The Fame Recordings".
- ^ "Rum Boogie Cafe". Retrieved 2007-02-13.
- ^ "Tony Joe White: Eyes/Dangerous". Retrieved 2007-02-15.
Further reading[edit]
- Bird, C (1991). The Jazz and Blues Lover's Guide to the U.S.: With More Than 900 Hot Clubs, Cool Joints,... Addison-Wesley.
- Bearden, W (2006). Memphis Blues: Birthplace of a Music Tradition. Arcadia Publishing.
- Harrison, J (2003). Elvis As We Knew Him: Our Shared Life in a Small Town in South Memphis. iUniverse.


text:
Sport: Freeskiing
Discipline: Halfpipe
Height: 6'0"
Current Residence: Reno, Nev.
Olympic Experience:
- 2014 Olympic Winter Games, gold medal in men's ski halfpipe
Career Highlights:
- Five-time World Cup medalist (one gold, two silver, three bronze)
- Four-time U.S. champion (2006, 2008, 2009, 2011)
- 2013, World Cup overall third place
- 2013, X Games in Tignes, France, silver medalist
- 2013, World Championships gold medalist
- 2012, AFP second overall in halfpipe
- 2012, X Games in Aspen, Colo., gold medalist
- 2012, X Games in Tignes, France, gold medalist
Fun Facts: Has a young daughter, Nayeli ... Hobbies include biking, playing volleyball and softball ... Leads the youth group with his wife at their church
Learn more:
U.S. Ski and Snowboard Association
Red, White & Trending: Dec. 2-8
Jamie MacDonald Dec. 09, 2016
Simone Biles, fan girl circa 2013, pretty much loses her mind after receiving a text from Aly Raisman; Steph Curry puts a spin on curling; Sydney Leroux Dwyer gets it out of the way early: She'll be an overbearing soccer mom; Missy Franklin's barnstorming book tour suggests she's a big deal; freeskier David Wise takes his stairs six at a time, thankyouverymuch; plenty of dog pics; gymnasts in slow motion; summer stars hit the ice in Boston; Team USA around the world, including in the trees, and much more.
How Jamie Anderson, Joss Christensen, David Wise Are Preparing To Defend Their Olympic Titles
Lynn Rutherford Nov. 16, 2016
The three starred in their events' Olympic debuts in Sochi; now they're preparing for PyeongChang.
New York Gold Medal Gala Marks Largest Gathering Of U.S. Ski And Snowboard Olympic Champions
Lynn Rutherford Oct. 14, 2016
Twenty-two Olympic skiing and snowboarding gold medalists (or their families) attended the 50th gala.
Red, White & Trending: March 25-April 7
Jamie MacDonald April 08, 2016
Gracie Gold's triumphant response to a 'tragic skate,' Ashley Wagner's powerful response to a silver skate, new soccer kits, Masters golf intrigue, Alana Nichols singlehandedly takes on the tug of war, Jordan Burroughs' toddler singlehandedly takes down the wrestling star, Shawn Johnson plays bachelorette, a high-flying beat-boxing trampoline star, some comic relief after two golden hockey performances and more.
Olympic Champion Freeskier David Wise's Sister Christy Lost Her Leg, And Now She Has Paralympic Dreams
Lisa Costantini Jan. 28, 2016
Christy, who hopes to one day compete at the same Games as David, recounts the night she lost her leg.
Olympic Champion Freeskier David Wise's Sister Christy Lost Her Leg, And Now She Has Paralympic Dreams
Lisa Costantini Jan. 28, 2016
Christy, who hopes to one day compete at the same Games as David, recounts the night she lost her leg.
Team USA Skiers And Snowboarders Cap Banner Season With 100+ World Podiums
Peggy Shinn March 25, 2015
U.S. athletes combined to win 92 world cup and 17 world championship medals on snow this season.
Olympic Champion Skier David Wise's Guide To Parenting
Lisa Costantini Feb. 12, 2015
The halfpipe skiing gold medalist shares eight ways having kids is just like being an Olympic athlete.
Team USA Skiers And Snowboarders Answer Five Hard-Hitting Questions
Lisa Costantini Jan. 21, 2015
From what superpower they'd want to have to their favorite word, Team USA answers our five fun questions.
U.S. Skiers & Snowboarders On The Best Gifts They Ever Received
Lisa Costantini Dec. 24, 2014
Stuck on what present to get your loved one for the holidays? From the gift of life to Cookie Monster onesies, Team USA athletes share their favorites.


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Barnes & Noble (NYSE:BKS)
Q3 2014 Earnings Call
February 26, 2014 10:00 am ET
Andy Milevoj - Vice President of Investor Relations
Michael P. Huseby - Chief Executive Officer, President and Chief Executive Officer of Nook Media Llc
Mitchell S. Klipper - Chief Executive Officer of Barnes & Noble Retail Group
Allen W. Lindstrom - Chief Financial Officer
John Tinker - Maxim Group LLC, Research Division
Richard Schottenfeld
Good day, and welcome to this Barnes & Noble Third Quarter 2014 Earnings Conference Call. Today's call is being recorded.
At this time, for opening remarks and introductions, I would turn the call over to the Vice President of Investor Relations, Mr. Andy Milevoj. Please go ahead, sir.
Andy Milevoj
Good morning, and welcome to Barnes & Noble's Fiscal 2014 Third Quarter Earnings Conference Call. Joining us today are Michael Huseby, CEO of Barnes & Noble, Inc.; Mitch Klipper, CEO of Retail; Max Roberts, CEO of College; and Allen Lindstrom, CFO; as well as other members of our senior management team.
Before we begin, I would like remind you that this call is covered by the Safe Harbor disclaimer contained in our press release and public documents and is the property of Barnes & Noble. It is not for rebroadcast or use by any other party without the prior written consent of Barnes & Noble.
During this call, we will be making forward-looking statements, which are predictions, projections or other statements about future events. These statements are based on current expectations and assumptions that are subject to risks and uncertainties, including those contained in our press release. The company disclaims any obligation to update any forward-looking statements that may be discussed during this call.
At this time, I'll turn the call over to Michael Huseby.
Michael P. Huseby
Thanks, Andy, and good morning, everyone. We are pleased with our third quarter performance. The company significantly improved its bottom line and strengthened its balance sheet while progressing on our strategic priorities in all segments. Each business line executed extremely well on its operational objectives and strategic initiatives.
Retail, which represented approximately 70% of our sales volume this quarter, generated $200 million in EBITDA. Core sales trends improved as compared to the first half of this year as we benefited from a strong lineup of best-selling titles, growth in Toys & Games and an effective advertising campaign. This campaign highlighted Barnes & Noble's depth and breadth of our physical and digital product offerings. Our team of booksellers and merchants executed at the highest level during the 2013 holiday season.
College, which represented approximately 25% of our sales volume this quarter, continued its steady profit trend, generating $35 million in EBITDA for the quarter and over $100 million year-to-date. Textbook rentals continued to grow at a rapid pace, and the company continues to invest in digital product development. Excluding this digital product development investment, year-to-date investment -- year-to-date EBITDA would have been flat with the prior year. We continue to see significant adoption of textbook rentals as more students become comfortable renting their textbooks, and we're expanding the inventory available for rent. Year-over-year third quarter textbook rental revenue grew 63%.
Barnes & Noble is a leader in the collegiate market, and we plan to aggressively leverage this knowledge and experience to innovate and become the leader in digital education. Our education applications are approaching their initial release. We're planning to have a soft launch of our product prior to the end of the fiscal year to allow for testing and updates and plan a broader launch ahead of the 2014 fall back-to-school season. We will leverage our almost 700 campus bookstore relationships, which encompass 25% of the U.S. higher education student and faculty base, to bring the product to market. Our offering will also be available via a national website to students who are not served by a Barnes & Noble College bookstore and want a leading-edge digital learning experience. We believe that our educational applications will become the most innovative and demanded educational platform.
Our content development has been significantly enriched by our strategic partnership with Pearson Education. Users will be able to search across a robust, academically-relevant catalog both through our deep Barnes & Noble College integration and our -- and on our national commerce site. Our device-agnostic platform will enable students to not only purchase textbooks but to also organize, read and annotate textbooks on the device of their choosing. Students can easily highlight, bookmark and add notes to their textbooks with a simple interface that's supported by the cloud.
As the College bookstore business continues to evolve in terms of rental mix and digital offerings, Barnes & Noble continues to enhance its offerings and as a result, is positioned in the marketplace. Barnes & Noble is poised to be the content and services provider of choice to educational institutions that seek to offer course materials in all forms, new, used, rental or digital, to their students and faculty members. Max Roberts and his team are doing a fantastic job of positioning B&N College in what we believe is a strong growth opportunity.
With respect to NOOK, which represented 5% of our consolidated revenues this quarter, I'd like to discuss the following. Since August, we have discussed how we plan to compete differently in the digital business. We've been clear that we need to focus on rationalizing the NOOK business and positioning it for future success and value creation. In tandem, we are strengthening our commitment to our existing and future NOOK customer base. NOOK customers will continue to receive the best digital reading experience as a result of the actions we have taken and that we're planning to take.
We have taken the following steps to rationalize our NOOK business thus far. First, we sold through and converted much of our device inventory into cash while reducing expenses. Third quarter SG&A declined $52 million or 40% on lower advertising, headcount, consulting and other costs. Since the beginning of the fiscal year, including attrition and job eliminations, NOOK's headcount has been reduced by 26%.
Second, we've reduced our device costs and exposure by engaging with third-party manufacturers to bring new devices to market. In fact, we are actively engaged with several world-class potential third-party partners to bring devices to market. While there's no assurance these discussions will be successful, we believe they will result in our further leveraging third-party partners to reduce our exposure to device operational issues and inventory exposure. We remain committed to providing our customers with the best eReading experience in the market as evidenced by our successful launch of NOOK GlowLight in October. And I'm pleased to announce that in early fiscal 2015, we expect to launch a new NOOK Color device in collaboration with a third-party partner.
Third, our entire organization is focused on turning around our content sales decline. We have curated a very valuable digital content repository with over 3 million titles and a leading selection of magazines and newspapers. In addition, we are in the process of building an expansive international content catalog. We continue to pursue partnership opportunities to further leverage these catalogs with worldwide technology companies on their platforms. We also continue to actively discuss opportunities with Microsoft to mutually leverage the benefits of our existing partnership.
On February 3, 2014, earlier this month, the Board of Directors of the company approved a specific component of a plan to rationalize our NOOK business. This action included a workforce reduction, reflecting a shift in strategy, to reposition NOOK's platform to hardware and content distribution partnerships, thereby reducing our internal hardware-related burden and cost structure. This workforce reduction resulted in the elimination of approximately 75 positions. Thus far, charges associated with the recent reduction in force were approximately $2.4 million, which include benefits and severance arrangements, which will be recorded in the fourth quarter of fiscal 2014. Since fiscal 2014 began, approximately 190 NOOK positions have been eliminated both through reductions and attrition.
As the company further refines its strategy, it could incur additional rationalization charges, including occupancy, asset impairments, severance and other overhead-related charges. The company currently estimates that these future net charges could be as high as approximately $40 million. Substantially all of such estimated future charges are related to the potential consolidation and/or relocation of our NOOK offices and associated charges that may occur to improve cost efficiency while, at the same time, providing our NOOK employees with a better environment to work.
Our new NOOK management team is focused on managing the business efficiently so it becomes financially strong while, at the same time, aggressively moving to stabilize content revenue and eventually drive its growth. We firmly believe that having a digital offering is vital to our mission and our relevance as booksellers and will offer all reading formats, hardcover, paperback and digital, to delight our customers. We also have opportunities to better package physical and digital content offerings together that we are actively considering and testing.
During the third quarter, NOOK narrowed its EBIT loss -- EBITDA loss by 68% from the prior year on cost reductions in comparison to prior year charges. As the company executed on its plans to sell through most of its existing device inventory, we converted inventory to cash and drove significant improvements to the company's liquidity position. The company ended the quarter with $490 million in cash, which was an improvement of $276 million over the same period last year, with no bank debt under drawn its $1 billion credit facility.
Before I conclude my prepared remarks, I would like to address a public proposal that Barnes & Noble received last week. As you know, an entity called G Asset Management put out a letter last week proposing 2 alternative transactions. From what we can tell from publicly available information, G Asset Management has 1 employee, extremely limited financial means and as set forth in his letter, he has no debt or equity financing to support his proposal. And accordingly, we do not consider it to be a proposal worthy of further discussion or action by us.
Now I'll turn the call over to Mitch for a review of Retail's performance. Mitch?
Mitchell S. Klipper
Thanks, Mike, and good morning, everyone. I'm extremely happy with the solid performance that the Retail group delivered during the third quarter. Core comps declined 0.2% during the all-important 9-week holiday period, an improvement over year-to-date trends. Our core comps benefited from the flawless execution by our merchants and our booksellers, as well as successful advertising campaigns. Our It All Happens at Barnes & Noble theme was effective in driving awareness of the in-store shopping experience and all the terrific products available at Barnes & Noble.
Our holiday title lineup was particularly rich this holiday season, with popular titles like Charles Krauthammer's Things That Matter, John Grisham's Sycamore Row, Malcolm Gladwell's David and Goliath, Jeff Kinney's Hard Luck and Veronica Roth's Divergent trilogy, which led the pack. Our merchants did a tremendous job of merchandising and highlighting the season's biggest books, making these titles easier for our customers to discover. Our highly trained and knowledgeable team of 40,000 booksellers provided unparalleled customer service to our customers. It's important to note that our team drove sales while maintaining fiscal discipline as inventory levels and SG&A costs were all well controlled during the quarter.
Improving bookstore sales trends during fiscal '14 indicated that customers are reigniting their love affair with physical books and they're coming back to our booksellers more often. This trend supports industry reports that suggest eBook growth has moderated and was essentially flat in 2013. As this trend continues, we believe we're well positioned to serve our customers on whatever platform they choose to connect with us.
Additionally, we continue to grow our Educational Toys & Games and gift businesses in the third quarter, and we have solidified our position as a destination for these categories. Our Educational Toys & Games comp store sales increased 12% for the quarter. Based upon feedback we're getting from our industry partners, Barnes & Noble outperformed the industry and gained share in the business. For the full quarter, core comps declined 0.5%. Comps deteriorated slightly after the holiday period due to the winter storms. As a national retailer, we never behind -- hide behind weather, but this winter has been the exception. We've never had as many store closures as we did this winter season, and it's impacted our stores from East to West and as far south as Atlanta. This unusual severe winter weather continues during February and has negatively impacted our early fourth quarter sales.
I want to take this opportunity to thank all of our booksellers for their outstanding effort in making this an excellent holiday season for the company. Because of their commitment and dedication, I believe Barnes & Noble bookstores will continue to thrive.
With that, let me turn it over to Al.
Allen W. Lindstrom
Thanks, Mitch. This morning, we released our fiscal 2014 third quarter results for the period ending January 25. Comparisons are to the prior year quarter unless otherwise noted.
Consolidated sales declined 10.3% to $2 billion for the quarter. Retail sales decreased 6.3% to $1.4 billion, primarily as a result of a 4.9% comparable bookstore sales decline, store closures and lower online sales. Comparable store sales declined primarily on lower sales of NOOK products. Core comparable bookstore sales, which exclude sales of NOOK products, decreased 0.5%, an improvement as compared to a 5.5% decline during the first half of the fiscal year. For comparison purposes, first half core comps, excluding Fifty Shades and Hunger Games trilogies, declined 2.7% versus the prior year.
College sales decreased 6% to $486 million during the quarter. Sales were impacted by the continued growth in textbook rentals, which have a lower price than new or used textbooks, plus rental sales are deferred and amortized over the rental period. During the quarter, the deferral amount of spring rentals was higher than the amount of fall rentals recognized from the previous quarter. On a comparable basis, College sales declined 4% on lower textbook volume and a higher mix of lower-priced used textbook rental. Factoring in the 2 additional weeks in February that contributed to this year's spring rush season, comparable sales decreased 3.1% for the quarter. The comp decline was partially mitigated by an increased store count.
Third quarter NOOK sales, which include sales of digital content, devices and accessories, decreased 50.4% to $157 million. Device and accessories sales of $100 million declined 58.2% on lower unit selling volume and lower average selling prices. Two NOOK Tablet products were launched last year versus 1 new E Ink product this year as the company sold through most of its existing device inventories at reduced prices. Digital content sales of $57 million declined 26.5% due primarily to lower device sales volumes.
Turning to gross margins. Retail decreased 10 basis points on occupancy deleverage against the sales decline and higher core markdowns, partially offset by a higher mix of higher-margin core products and favorable vendor settlements. College's gross margin increased 280 basis points on sales mix, driven by a higher mix of higher-margin textbook rentals and general merchandise sales, as well as the favorable LIFO adjustment, partially offset by higher net textbook rental deferrals and occupancy deleverage.
NOOK margins improved as the prior year included $74.1 million of previously disclosed charges, which included $15.4 million of promotional allowances and $58.7 million of inventory markdowns. Current year NOOK margins include a benefit of $26 million as the company sold through devices at higher average selling prices than originally anticipated and was also able to use parts and components, which were previously written down, to build more devices to meet higher-than-expected demand. This benefit was partially offset by $19.2 million of inventory charges during the quarter to write down device development and other costs reflective of the company's current device strategy.
As a percentage of sales, third quarter selling and administrative expenses decreased 60 basis points over the prior year. Retail SG&A was flat as the company managed expenses, commensurate with the sales decline. College's SG&A rate increased 210 basis points as expenses delevered against the lower sales and due to continued investments in digital product development. NOOK reduced expenses by $52.1 million, primarily as a result of lower advertising, payroll and consulting costs. The company generated third quarter EBITDA of $173.1 million as compared to EBITDA of $59.4 million a year ago as a result of the factors just discussed.
As previously disclosed, the company evaluates its deferred tax assets on a quarterly basis. Under ASC 740, the company continues to not record a benefit for deferred tax assets generated in the current year. During the quarter, the company recorded an additional valuation allowance against certain deferred tax assets as a result of decisions made regarding the company's future device strategy in international markets. The impact of this item on the third quarter income tax provision was $44 million. Consolidated third quarter net earnings were $63.2 million or $0.86 a share as compared to a net loss of $3.7 million or $0.14 per share a year ago.
Turning to the balance sheet. As Mike mentioned, the company ended the quarter with $490 million of cash, $276 million higher than the prior year, with no borrowings drawn under its $1 billion credit facility. Cash is expected to be utilized to fund working capital requirements, commensurate with the seasonality of the business, as well as the upcoming payment of the short-term note payable in September of $127.5 million. Inventories decreased $343.1 million or approximately 19%, driven primarily by the sell-through of NOOK devices, as well as lower retail Trade Book inventory.
Consolidated capital expenditures for the third quarter were $26 million, bringing the year-to-date total to $96 million. In the third quarter, the company closed 10 Retail bookstores. College opened 3 new stores during the quarter while closing 2. On a year-to-date basis, Retail closed 15 stores while opening 3. College opened 24 stores while opening 14 -- while closing 14, excuse me. For fiscal 2014, the company continues to expect Retail comparable bookstore sales to decline in the high-single digits, with core comps expected to decline in the low- to mid-single digits. College comparable store sales are expected to decline in the low-single digits.
With that, we will open the call for questions. Operator, please provide the instructions for those interested in asking a question.
Question-and-Answer Session
[Operator Instructions] And we'll take our first question from John Tinker with Maxim Group.
John Tinker - Maxim Group LLC, Research Division
Could you just talk a little more, there were a lot of numbers, about the NOOK in terms of what is your actual headcount at the moment? And secondly, as we sort of separate out the hardware side and the content side, how would a partnership on the manufacturing side with another distributor sort of actually work? And finally, how do we get a handle on sort of the fixed costs side of the eContent side? Because, obviously, the marginal profitability should be extraordinarily high in an agency business, but in terms of how many people, infrastructure do you need to actually run that business.
Michael P. Huseby
The first question? I got the other 2.
Andy Milevoj
The people.
Michael P. Huseby
Yes. On NOOK, I think what we disclosed in my comments, John, were that we cut about 26% of the workforce, and we said that it was 190 people. So you can do the math, kind of work backwards to what it was at the beginning of the fiscal year. And if you take the 190 away, you'll find out it's just over 500 people in Palo Alto and New York who do all the various functions that we have in NOOK from content acquisition and purchasing and software and the hardware-related functions in Palo Alto make up the NOOK business, both here and in the U.K and also that service, the Microsoft commercial agreement that we have, which is an important partnership to us. So it's a little over 500 people currently. On your second question as how does the partnership, total partnership works, that will depend on the partnership deal that we cut or don't cut, depending on whether it's successful, I think, we will end up with a partnership deal. I announced that we're going to introduce a new device in early 2015, fiscal 2015. So obviously, we already have -- we have a relationship that we're very comfortable with, but we want to expand those relationships and broaden them, both in terms of our ability to put quality devices in our stores and online and also, in tandem with that, negotiate on the platforms of those technology companies the distribution of our content. We're not going to get into the specifics about how a partnership can work because they can be different. But as we said, we've always had hardware partners. We've also had a cost structure reflecting a fairly self-sufficient model of hardware design and development, as well as sophisticated and broad internal software design development capabilities. So going forward -- I'll answer your question this way, generally our plan is to produce reading-centric device with more of an emphasis on leveraging collaboration with hardware partners. We still have some stuff internally that we'll interface with those partners and also have more of a role in NOOK GlowLight, for example, and bringing that eReader product to market. We believe we can leverage these third-party partner relationships to also reduce costs, exposure to operational issues, inventory exposures, the things we've been managing over the course of the last 9 months, I think, pretty well and also bring some world-class reading-centric devices to market. And then why do we want to do that? Well, as we've said in the past, we think reading devices are important in terms of driving content revenue, which is really what our business is about, that's where the margin is. The margin has not been and will continue not to be really in the device business, it's in the content business. Let's see the third question, which had to do with the fixed costs we need to maintain to conduct the content business. I guess that was it in essence. I just answered the question about how many people we have currently. And what we'll continue to do is, as we focus on trying to stabilize and then drive content revenues, we'll continue to evaluate the cost structure relative to the success of the progress of those plans we have to stabilize content revenue. I can get into -- content revenue is really are our toughest challenge at the moment, given the competitive landscape and the domestic trends in eBook adoption. These are long answers, but hopefully, they'll help satisfy some of the questions that others have as well. As I said in my remarks, we have a very valuable digital content catalog, and we're also in the process in connection with our work with Microsoft, to building an expansive international content catalog. We're in over 30 countries and when a -- we can leverage that content catalog that we're acquiring as we pursue these partnership opportunities with other technology companies and put that content on their platforms. There's other ways we can drive content that I've talked about in the past. But striking the balance between getting new content locker starts through devices and also as we expand our client application on these other technology platforms and controlling the cost structure and financial exposure, bringing those devices to market is really what we're trying to do. The way we describe it internally is we're in somewhat a rebuilding period. We've got -- we have to bring things down a little bit before we can take them back up, and that's what we're doing. You could see it in the cost numbers. You can see it in the management of the inventory and liquidity. And that doesn't mean we're going to go back to what we were doing in terms of how we are competing against other hardware providers, we'll do it in a much different way. But we do need to have hardware out there in the stores, we believe, and in our website to drive locker starts for content.
Hopefully that answered everyone else's questions.
We'll take our next question from Richard Schottenfeld from Schottenfeld Group.
Richard Schottenfeld
Michael, first of all, I want to stay you're doing a really good job here in terms of rationalizing capital allocation at the company and steps it, we thought you guys should take for a long time, so we're pleased. But one capital allocation decision that doesn't really make sense to me is you said on the call earlier that you're going to keep the cash on hand to fund the seasonality of the business. If I adjust your EBITDA to EV for the cash on your balance sheet, you'll have an enterprise value to EBITDA of something around 2, which implies a 50% return on stock buybacks to remaining shareholders compared to cost of capital on your line of under 5%. So why not resume meaningful stock buybacks at this point just to return some capital to shareholders? I mean, we've squandered a lot of capital on the NOOK over the years. But now that you're rationalizing that, it seems like an opportune time to resume significant buybacks. Can you give us your thoughts on that?
Michael P. Huseby
Yes. I think that -- and Allen Lindstrom, our CFO, can comment on -- in more detail on the use of the cash and what we -- this time of the year is a peak obviously -- maybe not obviously but it is, for our liquidity. We just come off of the holiday season for Retail and -- segment and just gone through the winter rush for College. And we have bills to pay for the costs incurred to generate those revenues. We also, as Al mentioned, have a College acquisition short-term note to pay off in the late second quarter -- or in the second quarter of this coming fiscal year. Some of the rationalization activities we're undertaking at NOOK, I mentioned that we have -- it's a fairly broad estimate at this point. But I did want to give our shareholders and the public some idea of the fact that we do have a facility in Palo Alto that, given the reduction in size of our workforce and just other factors, probably makes sense for us to seriously consider, which we are relocating that facility to something that's more -- really more relevant the workforce and what they want to do going forward in terms of the size. And that's going to have a cost to it, I said -- I think we estimated about $40 million in future quarters. We didn't say which quarters. Obviously, we're going to continue to do this. We have some momentum on it. We're not going to wait a long time. But probably half of that -- about half of that we've estimated will be cash payments. Half has already been either incurred, in terms of leasehold improvements on the facility or other things. So that's another use of cash. And so I guess the point is, Rick, as you're saying, at least we now have some more flexibility to, even with those uses of cash going forward, consider other options for return of capital, whether it's your suggestion, a share repurchase, or other -- dividend or whatever. But that's a matter for the board, as we've said in the past, and that's something the board will consider. And have some flexibility, more flexibility to consider now. But that, in concert with considering, as we've discussed over the last 1.5 years or so, strategic alternatives about whether the companies can and should be separated, Retail from digital business or the College business from either of those businesses, is something that we continue to look at. But we don't have anything announced at this time. So you'd like to have -- if we're going to do something, pursue that in the near term, we'd like to have some more certainty around those discussions before we start using our cash. At least that's my own personal thought, it's not a board thought, to return capital immediately to shareholders either through repurchase or dividend. I'm not saying that the board may not decide to do that. I'm just saying, personally, we are still studying the possibility of separating the companies, although we have nothing to announce.
Richard Schottenfeld
All right. I just wanted to point out that even after paying off the notes, you're going to have 35% of your market cap in cash right now. So I mean, you do have more cash, I think, than you need for the business. So hopefully the board will consider that.
Michael P. Huseby
Yes. Rick, that's based on today's -- or as of the end of the quarter, that cash balance. And as Al, I think, explained, that number is going to decline. Seasonally, it will decline fairly significantly. So you shouldn't expect that to be the cash balance for the rest of the year.
Richard Schottenfeld
I understand. I understand the seasonality. It just seems like the stock's too cheap for you not to be buying back. You bought like a lot of stock in 30s. But hopefully, you'll consider it.
Michael P. Huseby
It's been a while, right? So okay, I appreciate your comments. We'll relay them to the board and -- for their consideration. Thank you.
And it appears we have no further questions at this time. So at this time, I'll turn the conference back over to today's speakers for any additional or closing remarks.
Andy Milevoj
Great. Thank you for joining us on today's call and for your interest in Barnes & Noble. This will conclude today's call.
That does conclude today's conference. We appreciate your participation. You may now disconnect.
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If you are seeking a world-class educational experience within a vibrant, Christ-centered learning community, Cedarville is the place for you. Step up to the challenge of our arts, sciences, professional and graduate programs, and achieve more than you ever imagined. Be challenged and transformed by professors who are experts in their fields and invest their lives at Cedarville to mentor and guide students like you.
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Shooting in Munich – level 3
01-08-2016 07:00
It was the third attack in Western Europe in 8 days. A gunman entered the Olympia Shopping Centre in Munich and went on a shooting rampage, killing 9 people and injuring a further 27.
In a press conference, police chief and officials announced their intensive research shows the gunman had no links to so-called Islamic State. But there are indications that he had been receiving psychiatric and medical care.
The shooter, who did not have a license to the gun, killed himself at the end of his attack. He was not known to police and had no criminal record. As part of the ongoing investigation, special police units raided an apartment in the early hours of the morning.
Witnesses of the attack describe the scene as a "bloodbath." Emergency services reported they received over 4,000 emergency calls by midnight.
Difficult words: rampage (a violent act), link (a connection), raid (make a surprise visit to search for something illegal), bloodbath (a massacre).
Source: www.ondemandnews.com
What do you think about this news?
How to improve your English with News in Levels:


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January 24, 2017
The Return of the Bitter Clingers
Carol Platt Liebau
4/1/2010 10:36:00 PM - Carol Platt Liebau
President Obama just oozes condescension
about people who don't agree with his policies, doesn't he? Speaking of his critics, he told Harry Smith:
[K]eep in mind that there have been periods in American history where this kind of vitriol comes out. It happens often when you've got an economy that is making people more anxious, and people are feeling like there is a lot of change that needs to take place.
If he thinks the "vitriol" directed against him is excessive, perhaps he oughta check in with George W. Bush (who never discussed his critics with such a tone of patronizing superiority).
President Obama always wanders onto shaky ground when he tries to
psychoanalyze the people who disagree with him
-- remember his most famous pronouncement?
I]t's not surprising then [small town American voters] get bitter, they cling to guns or religion or antipathy to people who aren't like them or anti-immigrant sentiment or anti-trade sentiment as a way to explain their frustrations."
What's remarkable is the breathtaking arrogance these assertions require. In Obama's world, his critics are always simply anxious, or bitter, or otherwise to be pitied. Oh, yes, and the subtext: They're stupid, too -- too stupid to realize how right he really is.


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Zupas Strawberry Vinaigrette
Total Time
Prep 5 mins
Cook 0 mins
This recipe is from a restaurant in the area called Zupas that I just learned about today. They shared two of their recipes with the public and this was the salad dressing that went with the Zupas Summer Chicken Salad (also posted).
Ingredients Nutrition
20 2 1/2 cups US
- 1 cup red wine vinegar
- 1 cup canola oil
- 4 strawberries
- 1⁄2 teaspoon salt
- 1⁄2 cup sugar
- In a medium sized container mix the strawberries, salt, sugar, and vinegar. Blend well in a blender.
- While blending slowly add in all of the oil, blending until smooth.


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Veteran adult entertainment celebrity Ron Jeremy was reportedly hospitalized today for a heart condition, according to the social media rumor mill. His name is trending on Twitter, where it seems he has many fans and followers.
Some wondered about the veracity of the report, however, given this tweet less than an hour ago from Jeremy's official Twitter account:
As a public service, Twitchy will refrain from posting all the jokes proliferating on Twitter.
Tags: Ron Jeremy


text:
Cutting Edge
- Title
- Text4baby sends tips to pregnant women, new moms - Archived
- Date
- 07/13/2010
- Article
- Text4baby is a free mobile information service providing text messages with timely health information to pregnant women and new moms from pregnancy through a baby's first year.
"Our hope is that these reminders will encourage healthy actions and behaviors, reducing the risk for premature births and promote a healthy baby's first year," said Anne Matics, RNC, MS, project
education specialist.
Nurses and patient care staff at the CAMC Women's Medicine Center are encouraging expectant moms to sign up for the free service at their first visit.
Women who sign up for the service by texting "BABY" to 511411 (or "BEBE" for Spanish) receive three free SMS text messages each week timed to their due date or baby's date of birth. These messages
focus on a variety of topics critical to maternal and child health, including birth defects prevention, immunization, nutrition, seasonal flu, mental health, oral health and safe sleep.
Text4baby messages also connect women to prenatal and infant care services and other resources. An educational program of the National Healthy Mothers, Healthy Babies Coalition, text4baby delivers timely health tips via text message to those who need it most.
Each year in the U.S., more than 500,000 babies are born prematurely and an estimated 28,000 children die before their first birthday—signifying a public health crisis. The infant mortality rate in the U.S. is one of the highest in the industrialized world, and for the first time since the 1950s, that rate is on the rise.
"Our goal is to provide risk reduction education and services to promote healthy pregnancies and births," said Beverly Thornton, RN, BA, project coordinator.
Research shows that while 90 percent of Americans have a mobile phone, fewer have access to the Internet and texting is more prevalent among women of childbearing age. Texting (especially free
texting) is a nationally growing movement to reach the underserved.
"The staff at Women and Children's Hospital is pleased that free, healthy reminders will be delivered weekly to the mother-to-be, not just when they have appointments once a month," said Matics.
The text4baby wireless carriers are voluntarily providing the critical communications link of the initiative, distributing text messages to recipients at no charge.
For more information about text4baby, visit www.text4baby.com. For more information about programs and services offered at the Women's Medicine Center, call (304) 388-2427.


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... up. Not a great deal to see - one magpie (or was it a flying penguin??), lots of small brown birds and a rock shaped like a crocodile! Returned to the lodge and J and K took over comfy chairs and their Kindles while R and P took a short walk along the rail track which runs about 150 yards behind. Saw a freight train with 117 carriages. What an exciting day. Pizza and left overs for dinner then off early tomorrow for ...
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(Sorry for the backlog of updates, I've been a bit exhausted lately.)
After Reno we drove to Klamath Falls, Oregon. We went the 'back' way of 395 North and snaking through Modoc National Forest. The "normal" way would be I-5 North, which would be 3+ lanes of high speed driving.
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Last day of the reunion - heading back to Denver.
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Spending the night in Klamath Falls which is situated on the south east shore of the Upper Klamath Lake and about 25 miles (40 km) north of the California-Oregon border.
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Traveling South Visiting Old Friends & Family
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Redwood Motel North Adams is located in North Adams and is close to Williams College. It also offers snow sports.
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Creating access to more affordable housing through our partnership with Habitat for Humanity.
Amanda Jordan
I was living in a three-bedroom house with thirteen people. Me and my kids were all in one room and the neighborhood wasn't good, it was kind of rough.
SUPER: Amanda, Habitat For Humanity Homeowner
It seemed like nothing was possible back then because it was such a stressful situation. I felt like there was no hope because I was single with three kids, one job and I was like I have to find some stability for my children.
A cousin of mine came and she gave me a Habitat for Humanity flyer. At first I was like it's too good to be true and I was like Ok, well let me try it out. So they told me everything that I needed and I was on it, I was like not turning back, I was going forward, I'm going to get a house and that's it.
You had to put in 200 hours of sweat equity in Los Angeles and working side by side with Bank of America volunteers was a great experience because they were taking time out of their job to come and care and help a family in need and they were excited and everyone was happy to come and volunteer and help and I was like, this is really cool.
So, I've been owning my own home for four years and it means the world to me because everything I do, I do it for my children-to make sure that they are safe, to make sure that they have stability, to be able to focus on school and what they need to do. So they've been doing great. My girls are on the honor role. My son, he's in eleventh grade now, he's graduating high school in a couple of years so we have to start getting ready for him for college.
I got promoted about a year and a half ago, I'm a Central Service Supervisor now at LAC USC Medical Center. It makes me feel like you're on the right track, you're doing good mom.
I think the Habitat for Humanity, the work is important because it gives people hope. When I sit back and think about what I went through, it's like, I know I can strive for anything I want now. It's like whatever I set my mind to, I can do it, I know I can.
Voice Over
Amanda is just one of many homeowners that Bank of America and Habitat for Humanity have worked with over the past 30 years. It's one of the ways we're helping local economies thrive.
End Graphic: Bank of America logo, Habitat for Humanity logo. Celebrating 30 years of building thriving communities bankofamerica.com/aboutCelebrating 30 years of working with Habitat for Humanity bankofamerica 1359940|enter782|cr-en402 _self 1359940|enter782|2014_859|| 1359940|enter782|2014_581||
The thing that kept going through my head was, "You be awesome. You be amazing. You be whatever you want to be." And I walked out of the shower, and I went up to my wife. I said, "Babe, I've got it: Yoobi." Who here likes surprises? [children cheering] Yoobi is a company that makes bright, colorful stuff for the school, home, or office that gives back. For every Yoobi item you buy, a Yoobi item is donated to a classroom in need right here in the US. It's that simple. Yoobi is a fascinating, colorful company that is for profit and for purpose. It's just one of those brilliant ideas where they're getting kids excited about going to school. This is not a gimmick, this is not just marketing. This is making a difference each and every single day. Having a kid tell you, "This is better than my birthday," it tells us that what we are doing here really matters. (Ido Leffler) We've provided free school supplies to over 2 million kids. And sometimes we get to go to those schools ourselves, and actually give the classroom packs to every single kid in that school. Are you guys ready for your special delivery? [children cheering] Oh, that's awesome. (all) Three, two, one. The average school teacher spends $485 out of his or her pocket every single year on school supplies. And supplies, as small as they are, are very meaningful when it comes to building up the confidence that they can go home and actually do their homework, and come back with something that they can be proud of. There's no reason why a child who goes to school in one zip code should be disadvantaged versus a child in another zip code. (Ana Escobedo) There's nothing more basic than pencils and paper and supplies. And that seems minor to people from the outside, but in the school, it's a reality. And I think Yoobi will bring that perspective that we need support at schools everywhere. For all the crayons you provided to color their dreams, and for the countless hours you dedicate after the closing bell rings, we thank you. Give your teacher a nice big group hug. (Jeffrey Klinger) In many definitions of the word, Ido is just brilliant. He's one of those people that you just want to be around because you know that doing well by him means he's going to do well by others. When I told Jeff about Yoobi, and I told him what we were planning on doing, Jeff and the rest of the Bank of America team turned around and said, "We've got you." We had another banking relationship when we first started. And it was fraught with difficulty. I didn't have crazy high hopes based on previous experiences with other groups. And they not only came through, but they came through in spades. And you know, it's very rare to say that you're friends with your bank. Friends are important. Business is obviously important as well. And when you can combine those, you know, you can lay your head on the pillow at night knowing that what you've done for the day is a good thing. We wouldn't be able to do what we do genuinely if it wasn't for the help of Bank of America. As we've needed to grow the business, scale the business, move into bigger offices, as our international transactions have grown from hundreds of thousands to millions upon millions of dollars, to bringing in millions of dollars worth of products that we're giving away, we can be rest assured our banking needs are done. And that is something that allows us to take our vision and mission and think bigger than we've ever thought before.We partner with Yoobi to help them donate colorful school supplies to over 2 million kids in need. /en-us/partnering-locally/shared-success-with-yoobi.html Learn more 1359940|enter782|cr-en402 We partner with Yoobi to help them donate colorful school supplies to over 2 million kids in need. /en-us/partnering-locally/shared-success-with-yoobi.html _self 1359940|enter782|2014_859|| 1359940|enter782|2014_581|| " />
Bank of America reports financial results for the fourth quarter of 2016.Learn more Learn more
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Each year, the Louisiana Endowment for the Humanities honors Louisianians who have made outstanding contributions to the study and understanding of the humanities. Individuals, institutions or organizations may submit nominations. Individuals, however, may not nominate themselves. Letters of nomination should not exceed two pages and should detail specific accomplishments that qualify the nominee for the award. A vita and other letters of support should accompany the letter of nomination.
2016 Humanist of the Year Award
The Louisiana Endowment for the Humanities, in partnership with Lieutenant Governor Billy Nungesser and Consulate General of France in Louisiana Gregor Trumel, honored musician, poet, and activist Zachary Richard as its 2016 Humanist of the Year in New Orleans on April 7, 2016 at the Marigny Opera House in New Orleans. The award is given annually by the LEH as part of its efforts to recognize the individuals and organizations making invaluable contributions to the culture of Louisiana.
A native of Scott, in Lafayette Parish, Zachary Richard is a world-renowned singer-songwriter, poet, documentary film producer, cultural activist, and environmentalist. In a career that has spanned more than four decades and has seen him write, perform, and record in both English and French, Richard has released more than twenty albums, including multiplatinum and gold records. He has authored four collections of poetry, in addition to a series of children's books.
The LEH also honored:
Chair's Institutional Award
Baptist Community Ministries (BCM). BCM's commitment to the Louisiana Endowment for the Humanities has grown significantly over the years, totaling more than a half million dollars. This year BCM awarded the LEH a three-year $350,000 grant for its PRIME TIME Preschool program.
Champion of Culture Award
David Kerstein, president and chief executive officer of Helis Oil & Gas. Under his direction, Helis has undertaken a deliberate, well thought-out and prolonged strategy for supporting public art with demonstrable success in New Orleans' museums, streets, and institutions.
Humanities Books Award
The LEH recognizes two outstanding works of history as 2016 Books of the Year. Beyond Freedom's Reach: A Kidnapping in the Twilight of Slavery, by Adam Rothman, the extraordinary tale of an enslaved woman's struggle to endure the consequences of the Civil War. Poverty Point: Revealing the Forgotten City, by Jenny Ellerbe and Diana M. Greenlee, sheds new light on Louisiana's UNESCO World Heritage site.
Humanities Documentary Film Award
Shape of Shreveport, directed by Chris Charles Scott and produced by Jim and Will Broyles, is a four-part documentary series exploring fascinating episodes in the history of Shreveport, from plane crashes to Elvis Presley to Dr. Martin Luther King, Jr.
Michael P. Smith Memorial Award for Documentary Photography
David Spielman is a New Orleans-based photographer whose published works include Southern Writers (1997); Katrinaville Chronicles: Images and Observations from a New Orleans Photographer (2007); When Not Performing: New Orleans Musicians (2012); and The Katrina Decade: Images of an Altered City.
Light Up for Literacy Award
Given in partnership with the Louisiana Center for the Book in the State Library of Louisiana and the Library of Congress, the Light Up for Literacy Award goes to Herreast Harrison. Harrison is Program Director of the Guardian Institute, a Ninth Ward community organization established in 1988 that promotes education and local cultural traditions.
Lifetime Contribution to the Humanities
Since 1985 Beth Courtney has been president of Louisiana Public Broadcasting, a public television network with affiliates in Lake Charles, Alexandria, Shreveport, Monroe, and Lafayette. Under her direction, LPB has produced award-winning documentaries, celebrated programs focused on Louisiana politics, and instituted new digital initiatives to preserve Louisiana history.
Distinguished Board Service
The LEH will recognize four outstanding board members for their service to the organization: Cleland Powell, III, Glenda Erwin, Henry Lacey and Lewis McHenry.
View a list of awardees since 1985
For more information on the Humanities Awards,
contact Brian Boyles at firstname.lastname@example.com or 504.620.2632.


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Report: anti-Semitic incidents decline in the U.S.
(RNS) The Anti-Defamation League reported a 13 percent decline in anti-Semitic incidents in the U.S. in 2011, the lowest number recorded by the ADL in two decades. By Lauren Markoe
Religion News Service (http://religionnews.com/tag/race-ethnicity/)
(RNS) The Anti-Defamation League reported a 13 percent decline in anti-Semitic incidents in the U.S. in 2011, the lowest number recorded by the ADL in two decades. By Lauren Markoe
(RNS) A professor who was fired in July by the Interdenominational Theological Center says the Atlanta consortium of black seminaries discriminated against his conservative Christian views. By Adelle M. Banks.
OAK CREEK, Wis. (RNS) Few can know what goes through the twisted mind of a mass killer, but accused Sikh temple shooter Wade Michael Page left behind plenty of signs that he was consumed by one thing: hate. By William M. Welch and Judy Keen.
(RNS) Compared to Hispanic Americans, black Americans are far more likely to believe abortion should be legal in most circumstances, even when they personally reject the procedure as immoral. By Lauren Markoe.
SYRACUSE, N.Y. (RNS) Officials at Syracuse University and the son of author Alex Haley are tussling over ownership of a 1964 letter written by Malcolm X in which the black nationalist said the hajj pilgrimage to Mecca had caused him to "rearrange" his thoughts on race. By Glenn Coin.
NEW ORLEANS (RNS) The New Orleans pastor who's poised to become the Southern Baptist Convention's first black president says the denomination shouldn't be defined by its racial history, even as he has concerns about how President Obama has been treated, and the ongoing Trayvon Martin case. By Kim Lawton.
LOS ANGELES (RNS) Muslim leaders have worked with the Los Angeles Police Department to modify its new surveillance program on suspicious activities, following recent disclosure that the New York Police Department had been spying on local Muslims. By David Finnigan.
(RNS) Southern Baptist leader Richard Land has issued a longer public apology for his racially charged comments about the Trayvon Martin case and said he has sent a personal letter to President Obama asking for forgiveness. By Adelle M. Banks.
NEW YORK (RNS) In Topeka, Kan., I saw the future of America, and it worried me. I don't want to overstate. I also see much that is good, encouraging, and fresh. I just sense a balance shifting, like a herd that is getting restless and might signal a storm coming. By Tom Ehrich.
(RNS) Southern Baptist leaders say they will investigate whether their top ethicist and public policy director plagiarized racially charged remarks about the Trayvon Martin case that many have said set back the denomination's efforts on racial reconciliation. By Adelle M. Banks.
(RNS) The Southern Baptist Convention's top public policy official has apologized for controversial comments he made about the Trayvon Martin case, and the black New Orleans pastor who's widely expected to be named the Southern Baptists' first black president has accepted his apology. By Adelle M. Banks.
(RNS) Richard Land, the Southern Baptist Convention's top public policy ethicist, has been accused of plagiarism after he criticized Democrats and civil rights leaders for exploiting the killing of Florida teenager Trayvon Martin. By Greg Horton.
(RNS) The Southern Baptist Convention's top public policy official called activists Jesse Jackson and Al Sharpton "racial ambulance chasers" who are fomenting a "mob mentality" over the shooting death of Florida teen Trayvon Martin. By David Gibson.
Concern over the killing of unarmed Trayvon Martin was echoed in religious centers from Atlanta to New York and California, with many preachers and their congregations wearing hooded sweatshirts in Martin's memory.
NEWARK, N.J. (RNS) Amid concern over the New York Police Department's surveillance of Muslims beyond New York City, state and federal law enforcement officials plan to hold a summit Saturday to assure religious leaders that they are addressing the NYPD incursions into New Jersey. By James Queally and Christopher Baxter.


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Directors being sociopathic dicks aside, the fact that you *can* get reactions is entirely outside my point. Those actors could certainly have given those performances without those stimuli. What you're describing is called "The Method", except because these directors are stupid sociopaths, they don't trust their actors to use the method in the appropriate way. See, the normal way that shit works is that you find a piece of yourself that maps to the moment in question, and then you work on that mapping internally until it fucking clicks. You don't use shit off the cuff, and you don't fuck around with things you're not ready to use. Putting the stimulus into the real world eclipses any hope of actually doing that work.
I've cried in productions. Cried to break my worthless little heart. It's not fucking hard. It's hard not to when you get the work done and you get into the scene. There's nothing interesting about taking the option of doing the work out of the actor's hand; it's quite simply something that caters entirely to someone's worthless ideas about what they want.
I put up my thumb... and it blotted out the planet Earth. -- Neil Armstrong


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Leading mobile device management (MDM) software firm MobileIron (MOBL) has set an $8-$10 IPO price range. At the midpoiint, the range spells a valuation of $672M, or 6.4x 2013 sales.
MobileIron, which originally filed in April, is looking to raise $89M-$111M by selling 11.1M. shares. Though still growing at a healthy clip, the company's latest S-1 points to a growth slowdown: Billings rose 34% Y/Y in Q1 to $30.3M, notably slower than 2013's 48% clip. Revenue, pressured by a shift to subscription sales from perpetual licenses, only rose 9% to $28.2M.
Good Technology, another high-profile MDM player, is also getting set to go public ... and its numbers are more worrying. Billings actually fell 2% Y/Y in Q1 to $47.4M, and 1% in 2013 to $194.3M. Revenue still rose 35% in Q1 to $46.6M. Good hasn't yet disclosed a symbol or offering terms. (S-1)
Each company, along with its peers, faces two big challenges. One is that the MDM market has become intensely competitive, with SAP, IBM, BlackBerry, VMware, Citrix, and (most recently) Microsoft all looking for a piece of it.
VMware (VMW) made a $1.54B bet on the space in January by acquiring MDM vendor AirWatch. BlackBerry (BBRY), which has added iOS/Android support to its offerings, has made MDM a key part of its enterprise-focused turnaround strategy.
The other issue, which also affects larger firms, is that many MDM installations haven't gone as planned. GigaOm's talks with CIOs using a "well-known" offering found (among other things) MDM was often "limited to password enforcement and remote wipe," and that e-mail was "the only widely-supported secure app."
The site adds that while "enterprises have spent millions" on mobile management solutions, most of the software "sits unused because making the pieces work together still proves difficult."


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Ticketmaster has entered into a four-year agreement with the Walt Disney Co. to serve as its exclusive off-site ticketing company for Disney sports teams and facilities, as well as select Disney theaters and stage produc-tions.Ticketmaster has worked with Disney since 1993, when the company handled ducats for the Mighty Ducks of Anaheim. The new agreement will be wider in scope, covering more segments of the company, said Terry Barnes, president and COO of Ticketmaster Ticketing Co. Ticketmaster now handles 250,000 tickets a year for the California Angels and the Ducks. With the new pact, the company expects to sell at least one million additional tickets a year. Mighty ducats "We had had contracts with the Angels and the Ducks, but this our first blanket contract," Barnes said. In addition to the sports teams, the agreement will cover venues such as Broadway's New Amsterdam Theater, which will host the world premiere of "The Lion King" stage show in November; the Chicago Theatre, which will open Disney's "Beauty and the Beast" in October; and the Walt Disney World Sports Facilities Complex, scheduled to open in Orlando in May. The pact excludes Disney's theme parks. The agreement covers ticketing through telephone call centers nationwide, retail ticket center outlets, and the In-ternet.
Ticketmaster, Disney pact
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Trademark: 'FLOWER POWER'
On 7. 5. 1999 the community trademark application no. 001123611 was filed for FLOWER POWER (Figurative mark) before the OAMI.The goods and services in respect of which registration of the trademark was sought are in class 32. The current status of the trademark is registration expired.
Status is 'Registration expired'
The Community Trade Mark has not been renewed by the trademark owner and has therefore expired.
|31. 1. 2001
|Expiry date
|7. 5. 2009
|Nice classes
You can follow this trademark. You will receive an email, whenever we detect changes of the trademark filing.
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Your army of very skilled animals are just waiting for your command to take position and march against the dark tree. Each character has unique abilities and it's up to you to choose the right soldiers for the battles. Will you succeed in your endeavors?
Cats, dogs, rabbits, wolves, bears, ferrets, foxes, owls and parrots are all ready to take their places
This sequel of the original Tree Fortress game brings all the excitement of the first version plus amazing new challenges, characters, abilities and features. If you've played Tree Fortress before, you'll love it. If you are a new warrior, get ready for a great adventure!
Join the fight in Tree Fortress 2!
• 10 different characters to choose from
• Fight against dark enemies and bosses
• 60 challenging levels
• Amazing scenarios: Forest, Desert, Iceland and Vulcan
• Upgrades, golden warriors and powerful weapons
• 6 special magic powers
Please note! This game is free to play, but it contains items that can be purchased for real money. Some features and extras mentioned in the description may also have to be purchased for real money.


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In S.E. Hinton's The Outsiders, what realization does Ponyboy make about Darry? Does this realization tie into a coming of age theme?
2 Answers | Add Yours
At the end of chapter 6, Ponyboy is picked up after saving the kids from the fire by Darry and Soda. Ponyboy hugs Soda first, of course, and remembers how Darry had hit him the night that he ran away. But then he looks up at Darry and notices that he's crying. As the narrator, Pony says,
"In that second what Soda and Dally and Two-Bit had been trying to tell me came through. Darry did care about me, maybe as much as he cared about Soda, and because he cared he was trying too hard to make something of me" (98).
This is the point at which Ponyboy realizes Darry does love him. It is certainly characteristic of a bildungsroman, or a coming of age story. However, one might argue that the points at which Pony saves the children from the fire or where he decides to go back to society are also major points of him growing from a boy to a man. The fact that he comes to understand brotherly love is also important to his growth, but it would be difficult to argue that this is the pivitol point in Pony's maturation. Ponyboy goes through many moments of growth throughout the whole story. Facing death, prejudice, and physical harm also top the list of life-growing experiences.
I agree
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3M Company (NYSE:MMM) is a diversified global manufacturer, technology innovator and marketer of a wide variety of products and services with annual revenue of approximately $30 billion. The company was founded in 1902, paid dividends since 1916 and increased its dividend for 53 consecutive years. Earnings per share in the last 10 years have grown from 1.79 in 2001 to 5.63 in 2010 (a CAGR of 12%). The balance sheet is strong, has around $6.1 billion in debt and almost $5 billion in cash. Annual free cash flow is around $4 billion. 3M returns a lot of cash to shareholders. In the first 9 months of this year it generated 3.5 billion in operating cash flow. Approximately 70% is returned to shareholders through dividends ($1.17 billion) and stock repurchases ($1.34 billion).
The company has a great international presence. Only 35% of revenue comes from the United States the other 65% from Asia Pacific, Europe and Latin America. 3M manages its operations in six operating business segments:
- Industrial and Transportation serves a broad range of markets, such as appliance, paper and packaging, food and beverage, electronics, automotive original equipment manufacturer (OEM) and automotive aftermarket (auto body shops and retail).
- Health Care serves markets that include medical clinics and hospitals, pharmaceuticals, dental and orthodontic practitioners, and health information systems.
- Display and Graphics serves markets that include electronic display, traffic safety and commercial graphics.
- Consumer and Office serves markets that include consumer retail, office retail, home improvement, building maintenance and other markets.
- Safety, Security and Protection Service serves a broad range of markets that increase the safety, security and productivity of workers, facilities and systems.
- Electro and Communications serves the electrical, electronics and communications industries, including electrical utilities; electrical construction, maintenance and repair; original equipment manufacturer (OEM) electrical and electronics; computers and peripherals; consumer electronics; telecommunications central office, outside plant and enterprise; as well as aerospace, military, automotive and medical markets; with products that enable the efficient transmission of electrical power and speed the delivery of information.
Its products include items like Scotch Tape and Post-It known and used by almost everybody. The margins it is able to realize on its products and the overall return on equity (ROE) are impressive. Graph 1 shows the last 10 year margin and ROE trend.
Graph 1: 10 year EBIT margin & ROE trend
3M has almost tripled its stock holder equity and doubled its free cash flow in the same period (Graph 2). When a company grows stockholder equity with a compounded average growth rate of around 10% and has an annual return of equity of more than 25%, then you have a company with real compounding power. This is what makes 3M an excellent candidate for a buy-and-hold strategy, when bought at the right price. A slow and steady investment approach.
Graph 2: 10 year equity and free cash flow trend
3M reported disappointing third quarter results. Net income of the diversified machinery company fell to $1.09 billion ($1.52 per share) vs. $1.11 billion ($1.53 per share) a year earlier. Revenue rose 9.6% to $7.53 billion. This was short of analyst consensus estimates (EPS of $1.61 and revenue of $7.78 billion). Table 1 provides an overview of the third quarter results by business segment.
Table 1: Business Segment Revenue & Operating Income, Q3 2011
Taking a closer look at the latest SEC filing shows that five of the company's six business segments increased revenue versus Q3 2010, led by Industrial and Transportation with 18.8% and Safety, Security and Protection Services with 17.6%. Revenue growth was impacted by a slowdown in electronics-related businesses impacting the Electro and Communications and Display and Graphics business segments. Electro and Communications sales increased only 4.4% and Display and Graphics sales declined 12.2%.
Margins were negatively impacted by an increase in cost. Cost of sales increased 1.3 percentage points due to raw material inflation. SG&A increased with 13% and R&S expenses increased with 10%, both mainly due to increases from acquisitions, pension and post retirement expenses and foreign exchange effects. Compared to Q3 2010, EBIT margins have decreased almost 2 percentage points from 22.92% to 20.99%. 3M expects that the remainder of 2011 remains challenging and is putting actions in place to reduce cost.
The weaker Q3 results and overall market volatility have impacted the stock price. 3M is trading around $83, versus a 52-week high of $98. Is this the right time to start building a position?
To get to an estimate of intrinsic value the discounted cash flow method will be used. As part of the calculation, owner's earnings are calculated based on an average over the last 5 years with an EBIT of 22% and tax rate of 29%. Discount rate is 10%, 10 year growth rate of 5% and a terminal growth rate of 0%. I consider these conservative values for a company with the track record of 3M. This gives me an intrinsic value of approximately $84 a share. Very close to the current stock price of $83.
I will consider buying 3M when the stock price drops below $75.
Disclosure: I have no positions in any stocks mentioned, but may initiate a long position in MMM over the next 72 hours.