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In enacting the "Water Infrastructure Improvements for the Nation Act," Congress expanded the traditional role of Water Resource Development Acts. Where past legislation focused solely on water and navigation projects to be...more
Every two years, the U.S. Trade Representative updates the dollar values at which certain international trade agreements apply to certain types of U.S. government contracts. This means that certain contracts over the dollar...more
Public agencies are routinely facing Buy America requirements in their infrastructure projects. Some of the most difficult situations involve how to satisfy Buy America obligations with public utility relocations. The rules...more
At the end of 2015, two modal administrations of the United States Department of Transportation (US DOT) have encountered changes to their Buy America programs. Both the Federal Transit Administration (FTA) and the Federal...more
Two Week Highway Trust Fund Extension While Conference Takes Place -
Congress agreed to extend the Highway Trust Fund by two weeks until Dec. 4 so that House and Senate conferees could meet to craft a final version of...more
The Government of Canada today invoked a rarely used law to prohibit compliance with the U.S. Buy America legislation in relation to a proposed ferry terminal to be built by the State of Alaska in Prince Rupert, B.C. In order...more
On May 14, the Federal Railroad Administration ("FRA") posted a reminder that Buy America, a domestic preference law, applies to the Railroad Rehabilitation and Improvement Financing ("RRIF") program. FRA posted the reminder...more
Following up on our previous post regarding the uncertainty surrounding the application of Buy America requirements to utility relocations, the United States Department of Transportation (USDOT) has recently released two...more
A number of bills were passed during the Maryland General Assembly's 2013 legislative session that will impact certain sectors of the construction industry. Ober|Kaler has put together brief summaries of certain bills from...more
The United States Senate passed the Water Resources Development Act of 2013 by an overwhelming 83-14 margin on May 15, 2013. The legislation included an amendment sponsored by Senators Jeff Merkley (D-OR) and Sherrod Brown...more
The Federal Highway Administration (FHWA) released two guidance memoranda in December 2012 relating to Buy America, largely in light of the amendments made by MAP-21. On December 20, FHWA clarified the Buy America...more
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Browsing by Subject "Nanowires"
Now showing items 1-3 of 3
Hoffmann, Eric A., 1982- (University of Oregon, December , 2009)[more][less]Hoffmann, Eric A., 1982- 2010-07-28T23:32:25Z 2010-07-28T23:32:25Z 2009-12 http://hdl.handle.net/1794/10552 xi, 193 p. : ill. (some col.) A print copy of this thesis is available through the UO Libraries. Search the library catalog for the location and call number. State of the art semiconductor materials engineering provides the possibility to fabricate devices on the lower end of the mesoscopic scale and confine only a handful of electrons to a region of space. When the thermal energy is reduced below the energetic quantum level spacing, the confined electrons assume energy levels akin to the core-shell structure of natural atoms. Such "artificial atoms", also known as quantum dots, can be loaded with electrons, one-by-one, and subsequently unloaded using source and drain electrical contacts. As such, quantum dots are uniquely tunable platforms for performing quantum transport and quantum control experiments. Voltage-biased electron transport through quantum dots has been studied extensively. Far less attention has been given to thermoelectric effects in quantum dots, that is, electron transport induced by a temperature gradient. This dissertation focuses on the efficiency of direct thermal-to-electric energy conversion in InAs/InP quantum dots embedded in nanowires. The efficiency of thermoelectric heat engines is bounded by the same maximum efficiency as cyclic heat engines; namely, by Carnot efficiency. The efficiency of bulk thermoelectric materials suffers from their inability to transport charge carriers selectively based on energy. Owing to their three-dimensional momentum quantization, quantum dots operate as electron energy filters--a property which can be harnessed to minimize entropy production and therefore maximize efficiency. This research was motivated by the possibility to realize experimentally a thermodynamic heat engine operating with near-Carnot efficiency using the unique behavior of quantum dots. To this end, a microscopic heating scheme for the application of a temperature difference across a quantum dot was developed in conjunction with a novel quantum-dot thermometry technique used for quantifying the magnitude of the applied temperature difference. While pursuing high-efficiency thermoelectric performance, many mesoscopic thermoelectric effects were observed and studied, including Coulomb-blockade thermovoltage oscillations, thermoelectric power generation, and strong nonlinear behavior. In the end, a quantum-dot-based thermoelectric heat engine was achieved and demonstrated an electronic efficiency of up to 95% Carnot efficiency. Committee in charge: Stephen Kevan, Chairperson, Physics; Heiner Linke, Member, Physics; Roger Haydock, Member, Physics; Stephen Hsu, Member, Physics; David Johnson, Outside Member, Chemistry en_US University of Oregon University of Oregon theses, Dept. of Physics, Ph. D., 2009; Thermoelectric efficiency Quantum dots Nanowires Indium arsenide Indium phosphide Solid state physics Materials science The thermoelectric efficiency of quantum dots in indium arsenide/indium phosphide nanowires Thesis
Nakpathomkun, Natthapon, 1973- (University of Oregon, December , 2010)[more][less]Nakpathomkun, Natthapon, 1973- 2011-04-08T21:20:10Z 2011-04-08T21:20:10Z 2010-12 http://hdl.handle.net/1794/11060 xii, 106 p. : ill. (some col.) Quantum dots are systems in which all three spatial sizes are comparable to the Fermi wavelength. The strong confinement leads to a discrete energy spectrum. A goal of thermoelectric research is to find a system with a high thermoelectric figure of merit, which is related to the efficiency of solid-state heat engines. The delta-like density of states of quantum dots has been predicted to boost this figure of merit. This dissertation addresses some thermoelectric properties relevant to the thermal-to-electric energy conversion using InAs/InP quantum dots embedded in nanowires. In thermoelectric experiments, a temperature difference must be established and its value needs to be determined. A novel technique for measuring electron temperature across the dot is presented. A strong nonlinearity of the thermocurrent as a function of temperature difference is observed at a small ratio of temperature gradient and cryostat temperature. At large heating currents, a sign reversal is observed. Numerical calculations explore the contribution of the energy dependence of the transmission function to this effect. Depending on the relative contributions from sequential tunneling and co-tunneling, thermovoltages of quantum dots generally have one of two different lineshapes: a sawtooth shape or a shape similar to the derivative of the conductance peak. Here a simple picture is presented that shows that thermovoltage lineshape is accurately predicted from the energy level spacing inside the dot and the width of the transmission function. An important figure of merit of all heat engines is the efficiency at maximum power. Here the thermoelectric efficiency at maximum power of quantum dots is numerically compared to that of two other low-dimensional systems: an ideal one-dimensional conductor (1D) and a thermionic power generator (TI). The numerical calculations show that either 1D or TI systems can produce the highest maximum power depending on the operating temperature, the effective mass of the electron, and the effective area of the TI system. In spite of this, 1D systems yield the highest efficiency at maximum power. Committee in charge: Dr. Richard Taylor, Chair; Dr. Heiner Linke, Research Advisor; Dr. Dietrich Belitz; Dr. David Johnson; Dr. David Strom en_US University of Oregon University of Oregon theses, Dept. of Physics, Ph. D., 2010; Nanowires Quantum dots Thermoelectrics Low temperature physics Nanotechnology Thermoelectric properties of quantum dots and other low-dimensional systems Thesis
Smith, Adam (University of Oregon, February 23, 2016)[more][less]Lonergan, Mark Smith, Adam 2016-02-24T00:11:14Z 2016-02-24T00:11:14Z 2016-02-23 http://hdl.handle.net/1794/19670 Although the terrestrial flux of solar energy is enough to support human endeavors, storage of solar energy remains a significant challenge to large-scale implementation of solar energy production. One route to energy storage involves the capture and conversion of sunlight to chemical species such as molecular hydrogen and oxygen via water splitting devices. The oxygen evolution half-reaction particularly suffers from large kinetic overpotentials. Additionally, a photoactive material that exhibits stability in oxidizing conditions present during oxygen evolution represents a unique challenge for devices. These concerns can be potentially addressed with a metal oxide photoanode coupled with efficient water oxidation electrocatalysts. Despite decades of research, structure-composition to property relationships are still needed for the design of metal oxide oxygen evolution materials. This dissertation investigates transition metal oxide materials for the oxygen evolution portion of water splitting devices. Chapter I introduces key challenges for solar driven water splitting. Chapter II elucidates the growth mechanism of tungsten oxide (WOX) nanowires (NWs), a proposed photoanode material for water splitting. Key findings include (1) a planar defect-driven pseudo-one-dimensional growth mechanism and (2) morphological control through the supersaturation of vapor precursors. Result 1 is significant as it illustrates that common vapor-phase syntheses of WOX NWs depend on the formation of planar defects through NWs, which necessitates reconsideration of WOX as a photoanode. Chapter III presents work towards (1) single crystal WOX synthesis and characterization and (2) WOX NW device fabrication. Chapter IV makes use of the key result that WOX NWs are defect rich and therefore conductive in order to utilize them as a catalyst scaffold for oxygen evolution in acidic media. Work towards utilizing NW scaffolds include key results such as stability under anodic potentials and strongly acidic conditions used for oxygen evolution. Chapter V includes work characterizing nickel oxide/oxyhydroxide oxygen evolution catalysts at near-neutral pH. Key findings include (1) previous reports of anodic conditioning resulting in greater catalytic activity are actually due to incidental incorporation of iron impurities from solution and (2) through intentional iron incorporation via electrochemical co-deposition, catalytic activity is increased ~50-fold over Fe-free catalysts. This dissertation contains previously published coauthored material. en_US University of Oregon All Rights Reserved. Catalysis Nanowires Nickel Oxide Solar Tungsten Transition Metal Oxides for Solar Water Splitting Devices Electronic Thesis or Dissertation Ph.D. doctoral Department of Chemistry and Biochemistry University of Oregon
Now showing items 1-3 of 3

subset: commoncrawl


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It seems the timing for Boingo (NASDAQ:WIFI) is now or never. Newly IPO'd Boingo is a unique network operator doing business outside the normal model followed by the traditional wireless carriers. Wi-Fi initially became popular with laptop wireless connectivity, but smart phones and tablets are now growing explosively, and these devices all use Wi-Fi for wireless. Although Wi-Fi technology's success is guaranteed, does that mean the same for WIFI the stock?
Company Background
Boingo Wireless, Inc., a Wi-Fi software and services provider, operates a network for people to have Wi-Fi access from their laptop or mobile device at more than 325,000 hot spots worldwide. The company has been in operation for 10 years and pretty much dominates the space as a public hot spot provider in the US. Boingo users can access the Internet via Boingo Network locations that include airports, major hotel chains, coffee shops, restaurants, convention centers and metropolitan hot zones, sporting arenas, malls, and convention centers.
Boingo's revenue comes from a roughly 50/50 mix of retail and wholesale revenue. Although retail subscription revenue grew nicely from March 2010 to March 2011, by about 30.8%, retail single-use revenues were dropping. As a result, overall retail revenues have been fairly flat. Wholesale revenues grew by 26.2% in the same period, and may be the largest part of Boingo's business in the near future.
The number of retail subscribers grew by 38.4% year over year to 214,000, but monthly churn is a huge 9.4% per month, meaning that almost the entire customer base churns in one year. You can't directly compare Boingo's churn rates to those of Verizon (NYSE:VZ) and AT&T (NYSE:T) because they are not burdened with the same device subsidy costs.
Boingo has a lot of competition, some of which is highlighted in its IPO prospectus:
The market for commercial mobile Wi-Fi solutions is competitive and impacted by technological change, and we expect competition with our current and potential competitors to intensify in the future. In particular, some of our competitors have taken steps or may decide to more aggressively compete against us, particularly in the market for venue build-outs of Wi-Fi and distributed antenna system, or DAS, solutions.
Our competitors, many of whom are also our partners, include a variety of telecom operators and network operators, including T-Mobile (OTCQX:DTEGY), Cablevision (NYSE:CVC), Comcast (NASDAQ:CMCSA) and local operators. These and other competitors have developed or may develop technologies that compete directly with our solutions. Many of our competitors are substantially larger than we are and have substantially longer operating histories. We may not be able to fund or invest in certain areas of our business to the same degree as our competitors. Many have substantially greater product development and marketing budgets and other financial and personnel resources than we do. Some also have greater name and brand recognition and a larger base of subscribers or users than we have. In addition, our competitors may provide services that we do not, such as local exchange and long distance services, voicemail, digital subscriber line and subscription television services. Users that desire these services may choose to also obtain mobile Wi-Fi Internet services from a competitor that provides these additional services rather than from us.
Furthermore, we rely on several of our competitors as partners in roaming agreements. The roaming agreements provide that our retail customers and our wholesale partners' customers may use the Wi-Fi networks of our partners. One or more of our partners may deploy competing technologies that could reduce the partner's need to work with us under a roaming agreement. If our partners decide to terminate our roaming agreements, our network of Wi-Fi hotspots may be reduced, which may result in a significant disruption to our business.
In addition to competition from the Verizons, AT&Ts and Sprints of the world, we see increased and intense free Wi-Fi competition. Retail outlets are increasingly providing free Wi-Fi as a service to their customers. This may still be wholesale opportunity for Boingo, but wholesale revenue is typically going to be captured at much lower margins.
Cost Control
With limited audited history to rely on, it seems that Boingo has a reasonable handle on cost control. Its operating expenses grew only 13.2% year over year, while at the same time revenues grew by 13.7% overall. Unaudited data since 2006 shows good attention to critical cost control items such as Selling & Marketing, and General & Administrative costs.
Risk Assessment
We assess Boingo's risk level as speculative. On the negative side, most of the time, when I am using my smart phone, there is a free Wi-Fi connection: In my home, office, coffee shops, hotels, and so on. I don't directly pay for Wi-Fi access at any of these locations, plus my telco carrier is getting more aggressive with data. The competitive risks are very large, and Boingo is a small player in a world of huge telcos. Also, transparency could be better.
On the positive side, explosive growth of smart phone and tablet use is expected over the next few years, growing the overall Wi-Fi market pie rapidly and providing new wholesale opportunities and perhaps new unanticipated revenue sources. There is also a nice upside from the potential for acquisition.
With the company going through rapid change and only a recent history as a public company, we would feel better with a history of several more quarters of audited statements. We hope it will start to break out profitability of retail versus wholesale operations, and give more detail on major revenue sources.
VineSecurityJournal.com's Proprietary Pricing Model
We assess stocks primarily based on their fundamental value. We estimate the revenue and earnings to be generated by a company over the next 10 years. We look at the risk in the business, the assets and liabilities, and we discount the value of the future earnings according to risk level. For companies with medium to high risk levels, we discount the value of future earnings more aggressively. Our assumptions of revenue growth rates and long term net profitability have a huge impact on valuation. Finally, we compare the value of those future earnings to the stock price. Are the shares "on sale" – or are they expensive?
Our Key Assumptions
Prediction Risk: High
Long Term Revenue Growth: 15%
Long Term Net Profit: 7%
Plugging our assumptions into the model, Boingo's stock fair value is in the range of $11. At current prices of about $9.50, it seems slightly undervalued at this time.
Some will say these assumptions are rather hard on Boingo. Some will argue that we should have net profit rates above 7%, and higher revenue growth rates, and we will monitor to see that Boingo can do better than that. But competing with free on the retail side will be tough, and competing for business on the wholesale side will probably cause lower margins, so we will stick to our prediction for now.
Other Considerations
Boingo could be an acquisition target if one of the large telcos decides to expand its product line. With a market cap of about $660 million, it isn't too large to be acquired.
Disclosure: I have no positions in any stocks mentioned, but may initiate a long position in WIFI over the next 72 hours.


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First "Outlander" Clip
Posted: August 15th, 2008 by
WorstPreviews.com Staff
The first clip from the upcoming sci-fi movie "Outlander" has been released, featuring a group of Vikings beating some answers our of James Caviezel, who apparently was busy hunting a dragon before his capture.
Plot: As an age old battle rages amongst the stars, Kainan's (
) ship burns brightly as it crashes into the Nordic coast. As his space craft comes to rest in the fjords of ancient Norway, it's with dismay that Kainan realizes that he wasn't the only survivor. A second passenger, a Moorwen also emerges from the wreckage. A Fierce and animal-like creature, the Moorwen is intent on causing harm to those it perceives have wronged it. As the Moorwen kills everything in its path, Kainan must work together with the Vikings to destroy the beast before it destroys them all.
"Outlander" is directed by
Howard McCain
and is produced by Barrie M. Osborne (The Lord of the Rings). At this point, the film does not have a release date.
Click here to read more about "Outlander."
Click here to check out the clip
Source: YouTube
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Going to be dong a Test E cycle, kicked off with d-bol. I will be on for probably 10 weeks leading up to my meet. (powerlifting)
I have 24 hour weigh ins. should I take d-bol again, after weigh ins the night before and then like 50 mgs before the meet? more? Will this be beneficial for strength the day before and the day of?


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Hedge Funds Performance
Postcards from the (h)edge
Fyodor Dostoevsky was inspired by his four years in a Siberian labor camp to write some of the most poignant literature in any language. While not quite rising to the level of the master's work, hedge fund managers' latest letters are unusually philosophical, a product of the prison mentality imposed by the chaos in the market that shows no sign of relenting.
Here are excepts, some hopeful but most gloomy, from embattled managers:
"It is the 'what's next' that scares us the most...The fact is that the U.S. and the


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Welcome to this month's #CookOnceEatTwice. THE place to link up any recipes that are just as good to eat up the next day, meals that are perfect for freezing and meals that ultimately give you more time out of the kitchen and make you less likely to reach for a ready meal or takeaway because you've only got to cook once.
Here's a reminder of the rules:
- Include a link in your post to Searching for Spice and include the badge. Add your link to the linky.
- Tweet @Corinthecook using the hashtag #CookOnceEatTwice and I will retweet.
- Include the source of any recipe if applicable and use your own photos.
- I will pin all entries onto the Cook Once Eat Twice Pinterest board.
- It's acceptable to link up old posts but please update them with the link and the badge so they fit the rules of the challenge.
- Feel free to link up to other blogging events as well, as long as it is within their rules.
- The closing date is the 28th of the month and the roundup will be posted soon afterwards.
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Does this restaurant offer outdoor seating?
Is this restaurant good for dining on a budget?
Is this restaurant appropriate for Kids?
Is this an European restaurant?
Is this restaurant good for large groups?
Is this restaurant good for lunch?
Is this restaurant good for dinner?
Is this restaurant good for brunch?
Is this restaurant good for breakfast?
Does this restaurant offer free wifi?
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Absolutely superb restaurant! All round excellent value, delicious food and impecable service! Will definitely be back very soon... ¡felicidades!
My wife and I enjoyed one of the best meals we have ever had in Spain. We had the Menu Del Dia for 15 euros and it was superb in it's presentation and quality.
We will return soon
Fantastic gourmet food, beautifully presented. It has a lovely courtyard. Menu del dia was excellent at only 15 euros each
A great restaurant, hidden up a side street so could easily be missed. If visiting Gandia this is a must. Beautifully presented food that is very different from the norm. The mixed salad starter with violet vinegar is delicious and not to be missed. One of our favourite lunchtime venues which has an outside, shaded garden for use in the...
Went to celebrate my birthday with 7 friends. Only table with lovely flower arrangement.
Nice Touch. All sat around a circular table which means we can all chat together. Food was delicious with lots of special touches one would not have at home. We were persuaded to have an apple desert for min of four people and they made it...
A well established restaurant in Gandia but this was my first visit. Tucked away down a side street yet just a minute from the main Paseo, the frontage so understated could easily be missed. Once found though you are certain to go again. Through the main restaurant is a shady, quiet courtyard. A lovely atmosphere. We ate from the Menu...
This was the third time we had visited Almar but the first time at the weekend the food was once again oustanding from the amuse bouche of cold tomato and garlic soup, outstanding, to the desert of a very special melt in the mouth cake with ice cream the fun was superb, eating on the terrace makes you feel far...
We were recommended to book.. Wise advice indeed as Saturday night is very busy.. We opted for the 18 Euro Menu Del Dia and were treated to three wonderful starters combining a range of flavours and textures .. Including some chocolate! Main course was a wonderful take on Chicken wrap.. With spinach and wonderful sauces and some really complementary vegetables...
Another lovely meal with food that looks as good as it tastes. Always something a bit special and a bit different , and beautifully presented every time. The service is welcoming, friendly and really helpful and the atmosphere calm and conducive to good eating. We have eaten many many times at this restaurant and have enjoyed every single meal ....
We were regular diners, once a month, at this restaurant for several years. We found the food, service, surroundings all very good and the value excellent. However, about a year ago we arrived at the restaurant with friends, having reserved our table as usual, to find the restaurant had not reserved our table. The restaurant said they were expecting us...
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iHerb Customer Reviews
Savings of: $5.68 (30% off)
Veggie Bone-up
Posted by Reviewer2976139 on Dec 28, 2007
This works well together with exercise. No sign of any bone density loss.
Posted by Reviewer2934369 on Aug 12, 2008
I have taken this product for many years and it performs well for me. I am older and have bone density tests every two years and have very healthy bones so far and hopefully, forever.
Thumbs up by research.
Posted by Reviewer1310526 on Jul 27, 2009
I am 61 and have been diagnosed with osteoporosis. A physician who did research under Andrew Weil, reviewed this formula and gave it a "thumbs up."
Hard Nails
Posted by Reviewer1870531 on Nov 24, 2008
My finger nails seem much harder than they were before as a result of using the Jarrow Bone-up formula. No digestion problems either.
Posted by Reviewer1770299 on Feb 05, 2009
I've had aching joints for a long time and this product seems to work very good along with some additional magnesium. The price is right too. I love Iherb and recommend them to all my co-workers.
Excellent product
Posted by ISLAND on Aug 13, 2016
Excellent product
Posted by Reviewer1907255 on Aug 23, 2011
Great way for vegetarians to get thier bone building minerals
So glad to find this for my bones
Posted by Reviewer3114559 on Sep 29, 2010
I love Jarrow Formulas. This one didn't upset my stomach and I have noticed a marked improvement in my strength, endurance, and injury recovery. The Easy-Solv aspect is great too, since the pills are a bit large. They dissolved so quickly, they didn't stick in my throat.
Easy to shallow
Posted by Reviewer2698634 on Oct 06, 2010
The pills looked large, but they are easy to shallow.
Bone up vegetarian formula
Posted by Reviewer2689959 on Mar 26, 2010
Minus the risk of allegic except the tablets are large, not easy to swallow
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Hereafter (2010)
Academy award winner, Matt Damon stars in this supernatural movie entitled "Hereafter" which is set to be released on theaters on October 22, 2010. It is directed by the renowned film actor, director and producer Clint Eastwood. The movie stars Matt Damon, C
This movie was cool. If I remember correctly.
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February 13, 2009
Hemp Clothing - Sativa Hemp Caps
The hemp/cotton mix Sativa Hemp Caps are the perfect compliment to Sativa's hemp/cotton mix bags and wallets, made wholly from natural a hemp/cotton mix, this Baseball cap is not only durable but is also environmentally friendly.
The hemp/cotton mix fibre is porous, which allows your head to breathe and keep perspiration to a minimum. Sativa Hemp Baseball Caps are also great for UV Ray protection.


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Mention "National Defense", and few associations come quicker to mind than Lockheed Martin (LMT). The company has been a leader in defense technology and equipment for decades now, and seems set to stay headed down the same road toward future horizons.
Lockheed rises and falls with national defense. Or, more relevantly, spending on national defense. And since 2012 features a budget cut in that department, Lockheed may be in for a bit of a hit. That's not to say the company is down. By all means, Lockheed remains the clear-cut leader in the defense and aerospace industry. Experts give it the thumbs up to buy if you're looking to buy into this industry.
The question then is not whether you'd want to buy Lockheed, but whether you'd want to buy any defense or aerospace stock. Either way, it's not going to be cheap. With Lockheed trading around $89.06 per share, you'll want to truthfully consider whether the investment is sage or not.
You could spend the same and buy yourself more shares of competitor Boeing (BA), but you'll run risk with them too. See, it relies just as heavily on defense spending, but is failing to stay within budget on a contract with the Air Force. Boeing is already $900 million over budget, and, at the same time, it faces stiff competition in its aeronautics output with its own European competitors.
So yes, it helps to have your competition struggling a little bit too. And maybe it's for this very reason that Lockheed was awarded a solid, $66 million follow-on contract with the Missile Defense Agency. The new money continues its development of Terminal High Altitude Area Defense (THAAD) Weapon System. The contract continues Lockheed's work for five years and establishes it once again as the most advanced company in industry. Others simply can't compete in developing high-level weapon technologies like this.
THAAD is the only missile defense system of its kind ("with the operational flexibility to intercept in both the endo- and exo-atmospheres to provide versatile capability to the warfighter"). Keep this in mind when you consider Lockheed, as it maintains its status as one of the global leaders in technology of this kind.
But where money is coming in, it to also be leaking out. Lockheed has its own problems keeping budget with a military contract. The company is facing problems in the development of its F-35 warplanes, meant to be sold to several countries. Now, as reports have come out that planes are experiencing malfunctions, nations are reconsidering their bids and the US, along with Lockheed, are left to handle the bill.
The most recent news has been good for the F-35, as it just completed its first midair, nighttime refueling mission. Still, Boeing has jumped on the opportunity of the F-35's delay to lobby Congress to invest in its own planes, the Super Hornet, a contract that could be worth up to $2.5billion.
I'd be remiss if I didn't mention the best part of Lockheed stock, though. Lockheed pays high dividends. It has paid out at $1 per share for the previous two quarters, more than double what Boeing offers. Lockheed also features an EPS average of $7.80, which is also substantially higher than its biggest competitor, Boeing. So that certainly makes the stock a good one to own.
A good stock indeed, especially when its dividend yield is 4.50%. That's almost double Boeing and well ahead of any other competitor. Of course, who knows how long Lockheed can keep this rate at, especially with more calls for budget cuts in the defense industry coming.
So the choice is whether you can put up with the industry. Because it's not just Lockheed and Boeing enduring the roller coaster that is the defense industry, other companies are too. Take Raytheon (RTN), makers of the Patriot missile system. Its stock, too, rises and falls with industry news, and it sells a much pricier product than Lockheed's missile defense systems. It's also one that is not always as in demand. For a company can always sell defense, but it cannot always sell aggression.
Other competitors, like Northrop Grumman (NOC) have fared well; Northrop scoops up cheaper government contracts than Lockheed and Boeing. Northrop recently partnered with Lockheed to help its price keep level so far in 2012. It'd be nice to keep such mutually beneficial partnerships alive, but sooner or later the two firms will compete once again for a contract.
Also competing in those contracts, especially for those smaller contracts is General Dynamic (GD), whose growth has been substantial enough to be considered one of the top five best growth stocks that Warren Buffett owns. The company expects nearly a 10% growth by the end of 2012. However, just as Lockheed, General Dynamic may be just one large failed project away from plummeting.
Maybe these smaller (and take the word "smaller" with a bit of asterisk, as they are enormous companies, just not as enormous as Lockheed) companies are the wave of the future as the government contractors look to cut costs to reflect budget cuts. If this is so, however, you can expect Lockheed to adapt. It will remain a leader in an industry full of ups and downs.
Unfortunately, though, the ups and downs are an inescapable part of the defense industry, especially when the company deals with the newest and most advanced technologies. You are going to have large investments and you are going to have failures. What you do know is that if the US continues to keep their defense budget high, and finance research and development for new weapon technologies, Lockheed will get contracts. And perhaps that's enough reason to buy Lockheed Martin stock for a specific purpose, like retirement.
So, again, the question isn't whether you want to buy Lockheed stock, but, with more budget cuts surely coming, whether you want to invest in defense technology stocks at all.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.


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Richard D. Hailey Scholarship
AAJ's Minority Caucus will award $5,000 scholarships to minority Law Student Members who are entering their first, second, or third year of law school. Winners will be provided travel and accommodations to attend the AAJ Annual Convention in Boston, Massachusetts.
2017 Cycle
The 2017 scholarship cycle will open in February 2017. Scholarship applications will be due May 1, 2017.
The scholarship will be awarded to the applicant who best:
- Exhibits an interest and proficiency of skills in trial advocacy
- Expresses a desire to represent victims
- Demonstrates a commitment to AAJ and dedication to its mission through involvement in an AAJ student chapter and Minority Caucus activities
- Shows a financial need for the scholarship
Applications must include the following:
- A resumé
- A 500-word essay on how you meet the criteria
- Up to three (3) recommendations from a faculty adviser, trial advocacy professor, dean, AAJ member, or trial lawyer; and
- A completed form verifying your student status. Download the form.
Every applicant must be an AAJ law student member (join here) and enrolled in an ABA accredited law school. Incomplete applications will not be considered.
Submit applications to:
AAJ Education
777 6th Street, NW
Suite 200
Washington, DC 20001
For more information, contact AAJ Education at 800-622-1791 or firstname.lastname@example.com.
To donate to the Richard D. Hailey Scholarship fund, visit https://www.justice.org/haileyscholarship.
Congratulations to the winner of the 2016 Richard D. Hailey Scholarship:
Brittany Smith, Boston College Law School
Past Recipients
Luis Beltran, University of California, Hastings College of Law
Shevonne S. Greene, Fordham University School of Law
Portia Britt
University of Missouri, School of Law
Columbia, MO
Ka'Nea Brooks
Emory Law School
Atlanta, GA
Avvennett Gezahan
St. Louis University, School of Law
St. Louis, MO
Jiali Huang
Benjamin Cardozo School of Law
New York, NY
Michael Park
University of Illinois, College of Law
Champaign, IL
Monique Peterkin
Howard University, School of Law
Washington, DC


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Where in the world do our well-traveled Kiwi Experts most like to overnight? Every Thursday for the next few weeks, a different expert dishes on their five favorite hotels of the moment, sharing what makes each one especially top-notch. Next up, our chic CMO Jean Marie Healy.
1. Ritz, Paris, France
I'm a Chanel and Hemingway fanatic, enough said! But I'll say more. I always feel like anything is possible at The Ritz. Over the years, the lovely, unique scent of the lobby and common areas has come to evoke all the happy times I've spent there. For those looking for a great way to beat the winter blues, there's a luxurious pool. If that doesn't do the trick, the foie gras macarons certainly will.
2. Le Manoir aux Quat'Saisons, Oxford, England
I have a secret crush on Raymond Blanc (owner and chef), well, not so secret now. The tasting menu (with wine pairing, bien sûr!) was the best meal I've ever had. I'm based in London, and it's the perfect weekend getaway—great country location, amazing cozy rooms and to-die-for dining.
3. The Surrey, New York, New York
As a long time Upper East Sider, The Surrey is like coming home, except with a panoramic view of Central Park. Lauren Rottet's unique design, seamlessly blending traditional and modern aspects, makes you feel like this is a very special place. One of Daniel Boulud's (my second favorite chef, after Raymond) best boîtes is also there, and it's perfect for Sunday brunch. Also, don't forget the guest-only Roof Deck—one of the best places to enjoy the panorama of New York's skyline.
4. The Beverly Hills Hotel and Bungalows, Los Angeles, California
I'm an East Coast preppie at heart, and everything here is pink and green! Plus, people watching at the pool is better entertainment than any film I've seen recently. When you're done at that extra large water cooler, you can eavesdrop on Hollywood's power brokers over breakfast in the Fountain Coffee Room.
5. The PAND Hotel, Bruges, Belgium
The coziest hotel I've ever been to, it was the first hotel my partner Rob and I ever went to and that brings back happy memories. I also have a thing for family run hotels, and the family here is amazingly helpful, warm and welcoming. At Christmastime it's beautifully decorated and you can sit in the cozy "living room" in front of a roaring fire. The fabulous breakfast is one of the best I've had.


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A Discussion on Psychological Egoism
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Pages: 6
Word Count: 1,975
Category: Psychology and Psychiatry
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Psychological egoism is a reflex that every person has to orient themselves toward their own welfare Through this it follows that every one of his or her voluntary actions is some good to himself If someone gives away the last piece of bread to someone else it is because they want to look like a better person Due to the fact that they would give away the last piece of bread Human nature is completely and exclusively egoistic People are entirely selfish and devoid of any genuine feelings of sympathy benevolence or sociability They are always thinking of themselves in everything they do Each individual is preoccupied exclusively with the gratification of personal desires felicity or happinessOnes success in maintaining a continuous flow of gratification is the means of ones happiness The object of the voluntary acts of every man is some good to himself Whenever man renounces his right it is either in consideration for some right reciprocally transferred to himself or for some other good he hopes for from the outcome This presents us with the old saying Do unto others as you would want them to do unto you Social organization originates out of self interest All society is for gain or for glory It is not like we think it isfor love of our fellows Instead it is for self preservation It is a sort of social contract In a state of nature we are at war with each other and life is solitary poor nasty brutish and short In a natural state individuals are in equal powers Voluntary collective organization is the most effective way for individuals to utilize their powers Man should be allowed the right to use all means or actions
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A Biography of John Ronald Reuel Tolkien
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Word Count: 1,274
Category: English
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Biography of Author John Ronald Reuel Tolkien called Ronald by his family and friends was born on January 3 1892 in Bloemfontain South Africa His parents had moved there from England so that his father Arthur could work for the Bank of Africa Ronald lost both parents while still young--Arthur died in Africa in 1896 after the rest of the family had returned to England Ronalds mother Mabel died in 1904 near Birmingham England Ronald and his younger brother Hilary came under the care of Father Francis Morgan a friend of the family Soon however Ronald went off to King Edwards School and then to Oxford University Tolkien went to Oxford for a degree in English language and literature He developed skills in philology the study of languages Spending a lot of his time studying Old English Anglo-Saxon and Welsh poetry he began to develop a language of his own--the language that would base language for the world of Middle-Earth in his novels By 1916 Tolkien had received his degree and married his childhood sweetheart Edith Bratt He eventually became a teacher at Oxford by 1929 he had his fourth child with Edith During these years he also began his great mythology of Middle-Earth The Silmarillion Out of these stories came The Hobbit 1937 his first published book of fiction this was a success and led to a sequel From 1945 to 1959 Tolkien continued to teach at Oxford and wrote the sequel to The Hobbit The Lord of the Rings It was published in three volumes The Fellowship of the Ring 1954 The Two Towers 1954 and The Return of the King 1955 Even though the trilogy brought Tolkien fame Tolkien continued work on The Silmarillion and other tales and led a quiet life Tolkien died on September 2 1973 and The Silmarillion was edited and published by his son Christopher in 1977 Summary The Two Towers begins after the Company breaks up
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During the presentation for the L release, Google talked a little bit about the new search experience in Google Now. Firstly, there's a huge focus on animations and fluidity, with animations running at a super fluid 60 FPS (this is LEGO). It looks so good.
Oh, look...a new keyboard.
Further, all installed, relevant apps will be able to launch from Google Now. This has been a feature available to a handful of apps for a while now (like IMDb, for example), but with the L release, the API is becoming available to every developer, so all apps can be incorporated into Now's search results. Update: This is live now.Read More


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American Video Teleconferencing Corp. (Pink Sheets:AVOT) is pleased to announce that it is presently in final discussions to enter into a formal agreement to acquire an exclusive option on a molybdenum property in the Otter lake area in the province of Quebec, Canada.
The property has been dormant since the 1960's when Hupon Mining and Exploration carried out surface work, stripping, trenching and a minor drill program of 445 feet contained in 11 drill holes. Some of the sample results from the trenching in 1962 showed 0.94% to 25% molybdenum averaging 5-10%. These values were obtained from assessment files in the Department of Mines in Quebec City.
This property is only one of several advanced stage properties American Video has under consideration in the province of Quebec.
Rare earth elements have become irreplaceable in clean tech, for instance in hybrid and electric vehicle motors, high-efficiency lamps, solar panels and wind turbines. They even play a key role in defense technologies which include cruise missiles, radar and sonar and precision-guided weapons.
Experts warn that the U.S. depends upon China for almost all of its supply of rare earths, and has let its own rare earth production languish despite possessing about 15 % of the world's reserves. A draft of a Chinese rare earths plan for 2009-2015 expresses that China's own industrial requirement could soon cause restrictions or bans on the export of rare earths.
The U.S. Geological Survey (USGS) noted that 91 % of U.S. usage of rare earths originated in China between 2005 and 2008.
Constraints on Chinese exports are creating opportunities for non-Chinese projects.
American Video will aggressively continue to search world-wide for opportunities in Precious, Base and Rare Earths metal projects.
Power3 Medical Products, Inc. (OTC.BB:PWRM) a leading proteomics company focused on the development of innovative diagnostic tests in the fields of cancer and neurodegenerative diseases, announced that company management believes it is making great progress in its focus on the development, sales, and marketing of its proprietary innovate diagnostic tests for breast cancer, pancreatic cancer, ovarian cancer, colon cancer, and certain neurodegenerative diseases, such as Alzheimer's and Parkinson's, to name a few.
Alzheimer's disease isn't an ordinary part of getting older, even though greatest known risk factor is increasing age. The largest part of people today with Alzheimer's tend to be 65 and older. But Alzheimer's is not just a sickness of old age. Up to 5 % of people with the sickness have early-onset Alzheimer's (also referred to as younger-onset), which frequently appears in adults in their 40s or 50s.
World wide, breast cancer comprises 10.4% of all the cancer incidence among women, which makes it the most common type of non-skin cancer in females and also the fifth most popular grounds for cancer death.
Parkinson's disease (PD) is part of several disorders called motor system disorders, that are the effect of the decline of dopamine-producing brain cells. Some primary symptoms of PD tend to be tremor, or shaking in hands, arms, legs, jaw, and face; stiffness, as well as tightness of the limbs and trunk; bradykinesia, or slowness to move; and postural instability, or impaired equilibrium and also balance.
Power3 Medical Products, Inc. is a leading bio-technology company focused on the development of innovative diagnostic tests in the fields of cancer and neurodegenerative diseases such as Alzheimer's disease, Parkinson's disease and amyotrophic lateral sclerosis (commonly known as ALS or Lou Gehrig's disease). Power3 applies proprietary methodologies to discover and identify protein biomarkers associated with diseases. Through these processes, Power3 has developed a portfolio of products including BC-SeraPro™, a proteomic blood serum test for the early detection of breast cancer for which it has completed Phase I clinical trials, and NuroPro®, a proteomic blood serum test for the detection of neurodegenerative diseases, including Alzheimer's, Parkinson's, and ALS diseases, for which it is currently engaged in Phase II clinical trials.
AVX Corp. (NYSE:AVX) recently received the Passive & Electromechanical Product of the Year at the Elektra Awards for its new surface mount polymer tantalum capacitors. Reviewed by an independent panel of judges, the Elektra 2010 European Electronics Industry Awards is an annual celebration of the European electronics industry that recognizes the achievements of individuals and companies.
AVX Corporation, together with its subsidiaries, manufactures and supplies passive electronic components and interconnect products worldwide.
Panasonic Corporation (NYSE:PC) have announced a collaboration to enable gaming, digital signage and entertainment providers to create fully immersive 3D experiences for consumers. Panasonic's 3D imaging sensor, the D-IMager, is a near infrared state-of-the-art sensor using a proprietary CCD to capture movement or gestures based on the Time-of-Flight (ToF) principle.
Panasonic Corporation, through its subsidiaries, manufactures and sells electronic and electric products, systems, and components for consumer, business, and industrial uses worldwide.
Urstadt Biddle Properties Inc. (NYSE:UBP) announced that it has completed the acquisition of all of the outstanding limited partner interests in the entity that owns The Ridgeway Shopping Center in Stamford, Connecticut. UBP now controls 100% of the property. The outstanding limited partner interests were acquired at a cost of $7.4 million. The company utilized available cash to fund the purchases.
Urstadt Biddle Properties, Inc., a real estate investment trust (REIT), engages in the acquisition, ownership, and management of commercial real estate properties in the United States. Its properties primarily consist of neighborhood and community shopping centers, office buildings, and industrial properties in Fairfield County, Connecticut; Westchester and Putnam Counties, New York; and Bergen County, New Jersey.
Disclaimer: Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. DrStockPick.com publisher and its affiliates and contractors are not registered investment advisers or broker/dealers. Our disclaimer is to be read and fully understood before using our site, reading our newsletter or joining our email list. Release of Liability: Through use of this website viewing or using, you agree to hold DrStockPick.com report and Crown Equity Holdings Inc. CRWE, its operators, shareholders, employees and/or contractors harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damages (monetary or otherwise) that you may occur. (Read more at http://drstockpick.com/disclaimer) .Rule 17B requires disclosure of payment for investor relations. Crown Equity Holdings, Inc. (OTCPK:CRWE) is a newswire as well as an IR and PR firm. Crown Equity Holdings Inc. (OTCPK:CRWE), in some cases, provides media advertising and public awareness for both public and private companies, as well as disseminating news. As such, in some cases, when Crown Equity Holdings Inc. (OTCPK:CRWE) advertises for a particular client, Crown Equity Holdings Inc. (OTCPK:CRWE) charges an advertising fee which it must disclose under 17B. The fee may be in cash, in free trading stock or in restricted stock. Crown Equity Holdings Inc. (OTCPK:CRWE), if paid in stock, can and may sell those securities during the advertising period.Crown Equity Holdings Inc. (OTCPK:CRWE) has received from the company 2,000,000 shares of (144) restricted common stock of American Video Teleconferencing Corp. (OTCPK:AVOT) for 12 months IR Services and 1,000,000 shares of (144) restricted common stock for its IT services.


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With 1.7 million freelancers, we'll match you with the perfect talent.
Technology is nothing but the stretch of the unfurling imagination, and imagination is nothing but a brisk flight of passion the passion that exhorts one to take a plunge into the uncharted waters to discover something new! into the uncharted waters to discover something new!
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Makeup Artist Anita Conroy is the founder of The Powder Room Makeup Studio, She opened her beautiful new makeup studio @ No3 Esmonde St, Gorey in 2014.
Since opening we have grown from strength to strength and has a team of 3 extremely talented makeup artist by her side. The Powder Room is one of the most sought after bridal makeup artists in Ireland and recent won Bridal Makeup Artists of the Year with Irish Wedding Diary and made Finalist with Weddings On Line 2016. We also won Bridal Salon of the Year 2016 with Mrs 2 Be. Her award winning artists travels to Wexford, Wicklow, Waterford, Dublin, Kildare, Meath, Kilkenny, Carlow and further afield. They prides themselves in creating long lasting, radiant makeup for her brides ensuring she suits their individual needs and the theme of their wedding.


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As is the cast with its lead character, 'Luther' (BBC America, 10PM ET Wednesday) spends a lot of its time trying to resist its lesser impulses.
Watching the show walk a fine line between finely observed character drama and pulpy, overwrought cop thriller creates its own kind of tension, and sometimes 'Luther' just gives in and steps over the edge into grandiosity or cliche.
Yet this four-part British import has a lived-in, evocative atmosphere, good supporting performances and provides an excellent star turn from Idris Elba. All of that makes up for a lot, even as you get the sense that with a lesser actor than this masterful 'The Wire' veteran, the entire enterprise would have probably fallen apart.
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29 CFR 1910.39 - Fire prevention plans.
(a) Application. An employer must have a fire prevention plan when an OSHA standard in this part requires one. The requirements in this section apply to each such fire prevention plan.
(b) Written and oral fire prevention plans. A fire prevention plan must be in writing, be kept in the workplace, and be made available to employees for review. However, an employer with 10 or fewer employees may communicate the plan orally to employees.
(c) Minimum elements of a fire prevention plan. A fire prevention plan must include:
(1) A list of all major fire hazards, proper handling and storage procedures for hazardous materials, potential ignition sources and their control, and the type of fire protection equipment necessary to control each major hazard;
(2) Procedures to control accumulations of flammable and combustible waste materials;
(3) Procedures for regular maintenance of safeguards installed on heat-producing equipment to prevent the accidental ignition of combustible materials;
(4) The name or job title of employees responsible for maintaining equipment to prevent or control sources of ignition or fires; and
(5) The name or job title of employees responsible for the control of fuel source hazards.
(d) Employee information. An employer must inform employees upon initial assignment to a job of the fire hazards to which they are exposed. An employer must also review with each employee those parts of the fire prevention plan necessary for self-protection.
Title 29 published on 2015-07-01
The following are ALL rules, proposed rules, and notices (chronologically) published in the Federal Register relating to 29 CFR Part 1910 after this date.


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Pompeii has been serving great pizzas since 1988, and takes pride in being Palmerston North's premier gourmet restaurant. We cater for all your pizza requirements - whether you want a night out or a pizza delivered to your door!
Our fabulous pizzas have a wide range of flavours including Cajun, Satay, Thai and Mexican, as well as traditional toppings including chicken, salami, anchovies, bacon, mushroom and much, much more. We also offer a range of delicious non-pizza options including lasagna, savoury crepes, chicken and beef salads, and desserts.
We are fully licensed, and offer BYO for wine only. We are able to accept bookings for groups of up to 50 people.
Please visit our website to view our online menus, then call to book a table or place a take-away order today!
Are you looking for pizza that is scrumptious, inspired and gourmet? In Palmerston North, Pompeii Pizza is an institution that has been pleasing the locals since 1988. We offer a variety of flavours to tantalise and please even the most discerning pizza connoisseur. With a number of sides and desserts, there is something to please everyone. To get your pizza on, come visit the folks at Pompeii today.
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11 January 2017
Amazing Italian pizza, toppings have been thought out, not just thrown together.
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14 December 2016
These pizzas are very very good - the toppings are tasty :) Their pizzas have a proper italian taste to them and they are made really fast. The guy that makes them is hilarious.
12 December 2016
best pizza i have ever had highly recomended
20 November 2016
A little pricey, but good quality pizza and friendly staff
17 November 2016
Amazing food and great, friendly staff. Cannot fault it.
31 October 2016
Friendly staff and great pizza. Good for a BYO night out.
28 October 2016
Good range of pizzas and friendly and attentive service by the staff
01 October 2016
Super friendly staff, speedy service and good Chicken Pizza in Napier :)
29 September 2016
Pompeii is great. Their pizzas are so good. Great menu
12 September 2016
Pizza is beautiful but abit heaps expensive for my liking you have to love alot of pizza for the price.
06 September 2016
This place has the best pizza ever love it. And love the vibe of the place.
02 April 2015
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11 March 2014
Everytime I have been the food and service has been great passed expectations, worth trying some of their non pizza dishes as well as they are quite good too! The price is just under what you might expect to pay so a good deal!


text: Jamie Wilkinson <jamie at tramchase.com> wrote: > Update from the trenches: I've traced this down to the newrelic_rpm > agent > > Noticed this is not the 1st time this has been brought up, since > newrelic spins up the stats collector in its own thread. > > Attempted the (old) logger mutex monkeypatch mentioned in the unicorn > docs without luck. Noodled with various permutations of > NewRelic::Agent.shutdown in before/after_fork without success. > NewRelic apparently has some compat issues with bundler, but that > didn't affect it, nor did switching to the plugin. > > I'm running the latest newrelic_rpm agent (2.11.2) and the latest > unicorn (0.97.1). > > I imagine this is contention over its logfile. Is there any > low-hanging fruit I should try? Hi Jamie, thanks for the follow up. Exactly which version of Ruby + patchlevel are you using? Some of the 1.8.7 releases had threading bugs in them which you may be hitting: http://redmine.ruby-lang.org/issues/show/1993 http://www.daniel-azuma.com/blog/view/z2ysbx0e4c3it9/ruby_1_8_7_io_select_threading_bug But ... > I've also filed a bug with NewRelic: > http://support.newrelic.com/discussions/support/2577-newrelic-agentbundler-causing-stillborn-unicorn-processes?unresolve=true > # straces show there's a bad file descriptor read -- presumably logfiles. > # I've noodled with shutting down the agent in unicorn before/after forks > # without a lot of luck. Tried newrelic as a plugin with the same issue, > # as well as some of the bundler fixes mentioned in the FAQ, as well as > # the Now that we know it's NewRelic, I suspect it could be reading from the agent's client socket, not a log file. You can map fd => files/sockets with "ls -l /proc/$pid/fd" or "lsof -p $pid" Perhaps in the before_fork hook you can try closing the TCPSocket (or similar) that NewRelic is using. Merely stopping the agent thread isn't guaranteed to close the client socket properly (in fact, I can almost guaratee it won't close the socket at the OS level). Since you're on Linux, try putting the output of "ls -l /proc/#$$/fd" or "lsof -p #$$" in both the after_fork+before_fork hooks to get an idea of which descriptors are open across forks. > # Unicorn doesn't play very nicely with threads, are there are any other > # manual setup/teardown methods beyond NewRelic::Agent.shutdown I could > # try to get fd's closed properly between forks? There's nothing inherent to Unicorn that prevents it from playing nicely with threads. It's just not playing nicely with threaded code written without potential fork() calls in mind. -- Eric Wong


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|Electronic books
|Additional Physical Format:
|Printed edition:
|Material Type:
|Document, Internet resource
|Document Type:
|Internet Resource, Computer File
|All Authors / Contributors:
Ping Wang; Weihua Zhuang
|9781461466024 1461466024
|OCLC Number:
|1 online resource.
|Introduction --
Literature Review and Background --
Voice Capacity Improvement over Infrastructure WLANs --
Service Differentiation over Ad Hoc WLANs --
Dual Busy-Tone MAC for Wireless Ad Hoc Networks --
Collision-Free MAC for Wireless Mesh Backbones --
|Series Title:
|SpringerBriefs in computer science.
|Ping Wang, Weihua Zhuang.
|More information:
This brief investigates distributed medium access control (MAC) with QoS provisioning for both single- and multi-hop wireless networks including wireless local area networks (WLANs), wireless ad hoc networks, and wireless mesh networks. For WLANs, an efficient MAC scheme and a call admission control algorithm are presented to provide guaranteed QoS for voice traffic and, at the same time, increase the voice capacity significantly compared with the current WLAN standard. In addition, a novel token-based scheduling scheme is proposed to provide great flexibility and facility to the network service provider for service class management. Also proposed is a novel busy-tone based distributed MAC scheme for wireless ad hoc networks and a collision-free MAC scheme for wireless mesh networks, respectively, taking the different network characteristics into consideration. The proposed schemes enhance the QoS provisioning capability to real-time traffic and, at the same time, significantly improve the system throughput and fairness performance for data traffic, as compared with the most popular IEEE 802.11 MAC scheme.
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Increasing oil and gas production in the U.S. has resulted in a shortage of pipelines, resulting in an increasing demand for the infrastructure that moves production to the refining locations. Pipeline companies are thus expected to benefit from this development. Additionally, these companies become attractive investment options because most are structured as master limited partnerships, or MLPs. MLPs have an advantage of paying virtually no corporate taxes and have a lower cost of capital. One such MLP is Kinder Morgan Energy Partners (KMP). This company becomes a compelling investment option because of its growing cash distributions, which are sustainable.
Increasing storage capacity
In order to address the growing oil and gas production in the U.S., Kinder Morgan is increasing its storage capacity. The Battleground Oil Specialty Terminal Company LLC, or BOSTCO, terminal project is a joint venture between Kinder Morgan Energy Partners and TransMontaigne Partners LP (TLP). Kinder Morgan owns a 55% interest in the project, whereas TransMontaigne has the remaining 45%. BOSTCO owns approximately 185 acres of land and waterfront on the Houston Ship Channel. This $485 million facility was under construction for the last couple of years. The commercial operations for phase one of this project began this month. This project is scheduled to have 51 storage tanks in the first phase, out of which 20 will be pressed into service this month. The remaining tanks will be put into service over the next six months. In addition to the 20 tanks, a two-berth ship dock and 12 barge berths are also scheduled to be in service this month. This terminal can handle ultra-low sulfur diesel, residual fuels, and other black oil terminal services. The planned capacity at this terminal in the first phase is 6.5 million barrels.
Phase two of the BOSTCO terminal is already under construction and will include six additional ultra-low sulfur diesel tanks. The completion of phase two will raise the terminal capacity to 7.1 million barrels in a total of 57 tanks. Phase two is expected to begin service in the fourth quarter of 2014. The project has the ability to add an additional 3 million barrels of storage. If this additional capacity is added, it will raise the total BOSTCO capacity to beyond 10 million barrels. Kinder Morgan currently has a capacity of storing approximately 112 million barrels of liquids in the U.S. The BOSTCO terminal can raise Kinder Morgan's capacity by about 5%. This will help Kinder Morgan to consolidate its position as the largest independent terminal operator in the U.S. Additionally, this terminal will provide high-speed loading and improved barge and ship access to the Texas Gulf Coast for the handling of various refined products.
Indulging in growth
Oil and gas production has been booming in the U.S. The Marcellus Shale in the Appalachian Basin is seeing record production of natural gas this year. It is expected to register 3.2 trillion cubic feet (comparable to 550 million barrels of oil) of natural gas production this year. Following in the footsteps of the Marcellus Shale, the Utica Shale is also seeing increasing production. The Utica shale is expected to rival the massive Marcellus shale in the Appalachian Basin. The Bakken shale registered record growth in oil production in July this year and is expected to cross 1 million barrels of oil per day late this year. Seeking bigger stakes in this U.S. shale oil and gas boom, two pipeline MLPs, Regency Energy Partners LP (NYSE:RGP) and Crestwood Midstream Partners LP (NYSE:CMLP), are planning to buy peer companies. Regency Energy has agreed to buy PVR Partners LP for about $5.6 billion, and Crestwood will buy Arrow Midstream Holdings for $750 million.
Regency Energy owns assets in the Permian Basin, and the PVR Partners acquisition will give it access to the Marcellus and Utica shales in the Appalachian Basin and the Granite Wash in the Mid-Continent region. As Regency Energy and PVR Partners have highly complementary businesses, this acquisition will generate significant synergies and provide organic growth opportunities for Regency Energy in the future. This will be an all-stock transaction, with PVR shareholders getting 1.02 Regency units for every unit of PVR. This deal is expected to close in the first quarter of 2014.
Crestwood is a Houston-based midstream company that has its liquids-focused footprint in the Bakken shale. The Arrow Midstream acquisition will mean that Crestwood will be able to service about 18% of the Bakken's overall production. Crestwood's U.S. network capacity for oil and natural gas liquids transportation would be more than 470,000 barrels per day next year, which is 69% of its commodities mix. This deal is expected to close in this quarter and is expected to add to Crestwood's distributable cash flow per unit in 2014.
Attractive dividend yield
TTM) Chart">
KMP Dividend Yield (TTM) data by YCharts
The high dividend yields of most MLPs appeal to investors. MLPs combine the tax benefits of a limited partnership with the liquidity of a publicly traded company, which is an advantage. Unlike regular corporations, MLPs aren't taxed on the income generated, allowing for returns of 85%-90% of the income to investors or partners in the form of monthly or quarterly distributions. The tax responsibility is thus borne by the partners instead of the corporation. However, they are taxed at their ordinary income rates, which are typically lower than those for corporations. This creates a win-win situation for both the MLPs and investors. We have presented a comparative analysis of Kinder Morgan, Regency Energy, and Crestwood Midstream from the dividend yield perspective.
It is clear from the above chart that all three companies have dividend yields almost in line with each other. With a dividend yield hovering around the 7% mark, these companies can compensate investors well even in the absence of any capital appreciation. Additionally, it is important to note that Kinder Morgan has increased its distribution per unit for the past 17 years at a CAGR of 13%. It has also honored its budgeted cash distribution in 12 of the past 13 years, missing the mark only in 2006.
This is indicates a company capable of growing its cash distribution and sustaining it at the same time. So, this bodes well for investors.
Making a choice among the host of MLPs that are available for investment can be a tough exercise. And, with most MLPs giving robust cash distributions, it becomes even tougher. However, one can consider the future growth opportunities and the fundamentals at play while making investment decisions. Additionally, a look at the history of cash distributions and the growth rate can indicate the future sustainability and growth of cash flow. Kinder Morgan meets these parameters and we are bullish on it.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Additional disclosure: Fusion Research is a team of equity analysts. This article was written by Madhu Dube, one of our research analysts. We did not receive compensation for this article (other than from Seeking Alpha), and we have no business relationship with any company whose stock is mentioned in this article.


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iHerb Customer Reviews
Savings of: $7.01 (44% off)
Posted by Reviewer2834181 on Dec 01, 2010
This vitamin burned my mouth as I held it under my tongue and then I had gastric distress and burning. Not good. Back to taking lozengers
the grossest taste!
Posted by Reviewer2476482 on Sep 21, 2006
iherb use to offer another liquid b12, and i mistook this one for that little jewel. on the bottle it says "pleasant tasting" but it's wretched. i have to return it taste so bad. i'm curious as to how the other reviewer can tolerate holding it in his/her mouth for thirty seconds like the instructions dictate.
Now Foods, Ultra B-12
Posted by Reviewer1672510 on Feb 10, 2009
Absolutely the worst tasting, most disgusting liquid b12 I have ever come across. For amount of b12/ serving it has no good qualities that you could not easily find elsewhere without the horrible taste and poor absorption.
worst-tasting liquid
Posted by Reviewer1937687 on Aug 01, 2010
i am going to try to return this product. i have been taking Pure B12 for years and since i-herb did not carry it, i figured i could try this one. you cannot get it down. i have tried now 5 times and i give up!
Now B-12
Posted by 4736355006304121928 on Sep 28, 2014
Sorry, but the taste was so aweful that I couldn't keep it in my mouth. I'm definitely not going to use it. I felt I must warn other people.
Doesn't taste too hot, hard on stomach
Posted by Reviewer3286728 on Jan 30, 2010
This product tastes horrible and to leave it sitting in my mouth for 30 seconds is like torture to me! Not only that but it also upsets my stomach and makes me very jittery (maybe a little too much B12 for me).
Posted by Reviewer2989689 on Jul 06, 2010
I was very disappointed in that the taste of this product was intolerable unless mixed in a beverage. It was sold at a good price.
Posted by Reviewer3122063 on Sep 17, 2011
I did not get this I was sent a small puch with a powder in it
Liquid B-12
Posted by Reviewer1159060 on Jan 17, 2008
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This coloring book helps children develop the fine motor skills of coloring as they learn well-loved Bible stories and important Christian concepts such as loving others, sharing, and obeying God's Word. Each picture features a scripture verse and a simple description of the story depicted.
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Book Description In Celebration, 2001. Paperback. Book Condition: As New. Like new condition. Bookseller Inventory # XX-231-60-5523705
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This review is from: ASUS VivoTab RT TF600T - NVIDIA Tegra 3 Quad Core, 2GB DDR3 32GB Flash Storage 10.1" Windows 8 RT Tablet - Gray (TF600TL-B1-GR)
Pros: Very nice screen. Windows rt really isn't that bad.
Cons: A few months after i received this tablet for Christmas it started blue screening on start up. I contacted asus, they gave me from troubleshooting steps (whixh can also be found through a Google search) but they didn't work. When i told the analyst who was helping me this she jusy told me to try again and contact them later. As such, it is still unusable.
Other Thoughts: The connection to the keyboard can be rather precarious. My toddler had no problem separating the two just by slightly pushing on the acreen.READ FULL REVIEW