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'70s cars, under appreciated?
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Brian Martin,Freelance adviser
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Having gotten my drivers license in 74 with my dad in the car business I soon would be too, this was a depressing time for the car enthusiast. Between the plastic bumpers and smog and giant bumpers made out of what looked like rail road track and shocks on them from a earth mover, it looked like the end of cars as we knew them (and basically it was). It was a time of despair, what we had grown up to love was over, it would have been like Major League Baseball to have turned into "RollerBall, Professional Wrestling" sort of event.
When I first saw the 78 Mustang with the plastic bumper/grille thing on the front I knew it was over, what crap. We honestly thought that the V8 was GONE for ever, it was a very bad time for us car nuts.
That Cosworth was a shining moment, one tiny moment mind you. I road miles on my bike to the Chevy dealer to look at that car in the show room, it was what would be a "hot rod" in the future, that was it, there was hope.
The rest of the seventies produced CRAP (well at least after 72) and there was NOTHING we wanted from the offerings.
Now, heck yeah times have changed and those cars aren't "so bad" or so a lot of us think. I will find myself going over to look at a restored Pinto at a show. But it is a long time coming and most still think they are hideous junk and it will be many years before the general thought of those cars changes.
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Edelbrock / Weber / Cater Carburetor Problems.....
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Edelbrock / Weber / Cater Carburetor Problems.....
OK, Here is my situation:
SBC in a '32 Ford, 9:1 Goodwrench crate, smooth idle cam(~.450" or so) dual plane intake, Edelbrock/Weber AFB-style 600cfm carb. Simple little motor.
Now, in the primaries of the carb, there are two smaller "booster venturis", they hang in the middle of the primaries from the sides of the carb body. In the middle of the boosters, there is a brass port that the fuel flows out of. My problem is even at idle, fuel drips out both boosters. I mean like 2-3 big drips per second. Needless to say, the engine runs pretty poorly with this condition.
From all my experience as well as input from others, this is a symptom of a stuck needle and seat. We have checked the N&S, adjusted the float hieght up and down, etc. And not just on the one carb, we have tried three different carbs on this engine, two rebuilts and a new one. We also have tried two different fuel pumps(thinking too much pressure), and lastly added a regulator. The supply side is definately not the problem.
We also pulled the primary metering rods, took the springs OUT of the carb, then dropped them back in...so they were fully seated in the primary jets...no change...drip-drip-drip.
With each of these changes, the problem is exactly the same. Like I said these are fresh rebuilts from NCS, as well as a brand new one that was operating perfectly on antoher engine a few weeks ago.
So what do you all think? I think I've given a pretty accurate and complete description of the problem.
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Flexible benefits and reimbursement accounts
April 04, 2007
In recent years, tax laws have been created that permit certain benefits—including those known as "section 125 cafeteria benefits"—to be paid for with pretax money.
BLS publishes data on employee access to three types of section 125 cafeteria benefits: flexible benefits plans and two types of reimbursement accounts—dependent care reimbursement accounts and healthcare reimbursement accounts.
Flexible benefits enable employers to offer benefit plans that allow employees to select from different plan options according to their needs.
Dependent care reimbursement accounts set aside money to be used to pay for expenses including childcare, eldercare, or services to a disabled dependent. Healthcare reimbursement accounts set aside money to be used to pay for out-of-pocket medical expenses including deductibles, co-payments, and other healthcare costs not covered by health insurance. Reimbursement account benefits can be part of a flexible benefits package, or they can stand alone.
The chart shows that, in 2006, employees who worked in establishments with 100 or more employees had relatively high rates of access to each of the three section 125 cafeteria benefits, while employees who worked in establishments with fewer than 100 employees had relatively low rates of access.
It also shows that workers who were employed in metropolitan areas had access to flexible benefits at about the same rates as those employed in nonmetropolitan areas; however, workers in metropolitan areas had higher rates of access to dependent care reimbursement accounts and to healthcare reimbursement accounts than did workers in nonmetropolitan areas.
These data are from the BLS National Compensation Survey program. Learn more in "Pretax Benefits: Access to Section 125 Cafeteria Benefits and Health Savings Accounts in the United States, Private Industry," in the March 2007 issue of Compensation and Working Conditions Online.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Flexible benefits and reimbursement accounts on the Internet at https://www.bls.gov/opub/ted/2007/apr/wk1/art03.htm (visited June 28, 2017).
Recent editions of Spotlight on Statistics
STEM occupations: past, present, and future
A look at employment and wages in science, technology, engineering, and mathematics occupations.
Workplace injuries and illnesses and employer costs for workers' compensation
Workplace injury and illness data and the costs to employers for workers' compensation in natural resources, construction, and maintenance occupations.
A look at the future of the U.S. labor force to 2060
Projected long-term trends in the growth, size, and composition of the labor force.
Union membership in the United States
Historical trends in union membership among employed wage and salary workers; union membership by a variety of demographic characteristics.


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The FOMC March minutes are out, and they revealed that the FOMC held a video conference two weeks prior to the scheduled meeting to discuss changes to its forward guidance coming out of the meeting. The aim was to drop outdated language regarding an unemployment threshold and what future Fed actions might be once it was inevitably crossed. The purpose was to confirm that, at the time, the market's implied cost of borrowing money was largely in line with the Fed's thinking. But the poor interpretation of Ms. Yellen's reference to a possible six-month lag between the end of taper and the onset of monetary tightening reversed any of the groundwork laid after the statement.
As a result risk appetite is finding a flurry of hungry investors as stocks and bonds rally in unison. After the latest employment report we showed a chart of the December 2014/15 Eurodollar futures calendar spread to illustrate the response to Yellen and the subsequent flattening activity across the yield curve. Here it is again as fixed income buyers push down the yield curve. The yield at the 10-year eased to 2.69% after the minutes, while the idea that official rates are not going higher helped pull the rug from beneath the dollar as it slid to $1.3847 versus the euro. The S&P 500 (CME:SPM14) index jumped by 8-points within 10-minutes of the release and has posted a session gain so far of 15.5-points (+0.83%) as of the time of this writing.
December 2014/15 Eurodollar curve flattens again


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Deer Hunting Forums (http://www.deerhuntersclub.com/forums/)
- The Campfire (http://www.deerhuntersclub.com/forums/campfire/)
- - Wondering? (http://www.deerhuntersclub.com/forums/campfire/9816-wondering.html)
Hey all, I'm new to this forum and I really enjoy deer hunting! Since I was little I began building my life around the ability to deer hunt; self employed(for time), flying(for scouting and learning deer movements), and now I'm building forestry mowing equipment(to keep the hunting property in nice order).:rolleyes: Come to think of it my wife has a keen nose on her:wacko:. Well any ways I would like to get you guys to tell me what you think about my newest attachment. If your local equipment rental place had one would you rent it to take care of your property? Thanks forestry mowing/tree trimming - YouTube:thumbup:
Sorry, but I don't have any property to take are of - mostly just hunt on public land. Good luck with your planning.
would help on lease alot. the only other thing I would need is for it to be able to attach right in front of the bobcat to get down pine rows.With it being side cut I could not get between the rows. Also will it cut grass to keep roads clear?
Thanks onehorse. Hellbilly it's made to swing for that very reason so you can put it where you want it. As for grass cutting it does ok unless real thick, not really designed for that, Thanks
That looked a lot easier than my chain saw :thumbup:
You right! And if you pay someone $100 an hour and you want them to cut 18 ft high(3 passes) it will cost you a nickel a foot. That's 5 bucks per 100 ft:shocking:
Works kind of like an offset Fecon. In the vid the road shoulder is level and flat. Alot of access roads don't have the flat shoulders and I would be a little weary on having the arms raised high with the offset in uneven conditions.
Kinda but keep in mind that the cutter has a tilt so you can shift some of the weight to the left or right and it weighs a lot less than a fecon head. also most of the time you dont need to go that high to get normal clearance down hunting roads:smile:. But I see your concern, thanks
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Home > World News > Middle East Conflict > Article
Any criticism of Israel's West Bank barrier was an example of the world's cynical disregard for victims of terrorism, the Prime Minister, Ariel Sharon, said on Thursday.
In a swipe against next week's World Court hearing over the barrier, Mr Sharon said its construction would be accelerated, arguing that it had proven to be an effective shield against Palestinian militants who have killed hundreds of Israelis in bombings and shootings in more than three years of fighting.
The International Court of Justice in The Hague begins hearings on Monday on the legality of the barrier, at the request of the United Nations General Assembly.
Many Western countries have sided with Israel's claim that the World Court does not have the authority to hear the case, but have also criticised the barrier's planned route, which dips deep into the West Bank in many areas.
The barrier is to run for up to 740 kilometres. About one-third has been completed.
Mr Sharon said there was "no better example of the cynicism of the world than the decision to hold political discussions in the international court in The Hague, discussions against the fence that will save human lives".
Mr Sharon also sought to reassure three American envoys that Israel did not want to abandon the US-backed "road map" to peace, but made it clear he was preparing steps of his own should that effort fail.
In a three-hour meeting with the high-level US delegation he presented details of his "disengagement plan", a set of proposed unilateral Israeli measures that had been unveiled piecemeal over the past several months but had not yet been spelled out in detail publicly.
Those proposals include the uprooting of nearly all the 21 Jewish settlements in the Gaza Strip but may also involve the annexation by Israel of large settlement blocs in the West Bank - something the Palestinians say would be unacceptable.
While Mr Sharon was closeted with the envoys, the US ambassador, Daniel Kurtzer, said he hoped that the Israeli leader would try to implement the peace plan rather than rely on unilateral steps. But he said Israel lacked a credible negotiating partner on the Palestinian side, making it difficult to move forward.
Mr Kurtzer said the Palestinians had failed in commitments to dismantle the infrastructure of militant groups - an accusation frequently levelled by Mr Sharon.
Also on Thursday, an Israeli Army reserves colonel said Israel could build a far less intrusive barrier without compromising on security.
Shaul Arieli estimated that the barrier, in its current route, will disrupt the lives of 800,000 Palestinians and chop off 15 per cent of the West Bank. The estimate is in line with figures published by the Israeli human rights group B'tselem.
A UN report on the barrier gives a somewhat lower estimate, but - unlike the colonel and B'tselem - does not count Arab residents of the larger Jerusalem area.
The Israeli Defence Ministry's website on the barrier does not discuss how many Palestinians would be affected, and Raanan Gissin, a Sharon adviser, declined comment.
Palestinians say that the barrier amounts to a land grab. Israel says the obstacles are necessary to keep out Palestinian militants, but is considering some route changes to reduce hardships.
The army colonel said the barrier should be moved much closer to the "Green Line", the invisible boundary between Israel and the West Bank. Colonel Arieli is touring with a computer map presentation of an alternative route.
His proposed route "doesn't harm the Palestinians, doesn't annex Palestinian territories, it only protects Israelis", he said.
Under the current route, about 400,000 Palestinians would be imprisoned in enclaves and another 400,000 would be cut off from jobs, schools, fields and municipal services, said Colonel Arieli, who helped oversee an Israeli troop withdrawal from West Bank towns as part of interim peace agreements in the 1990s.
He said the current barrier route will grab about 900 square kilometres of the West Bank, or about 15 per cent of the territory.
This year, a UN report gave a similar assessment, saying the barrier will carve off 14 per cent of the West Bank, trap 274,000 Palestinians in tiny enclaves and block 400,000 others from their fields, jobs, schools and hospitals.
Associated Press, Reuters
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by Dave Hodges Thecommonsenseshow.com May 9, 2013 Hillary Clinton is a murderer and she has a long history of dead bodies which has followed her into the White House and beyond.Barack Obama was politically groomed by murderers, Bernadine Dorne and Bill Ayers from the Weathermen Underground, who were part of an organization which killed... »
Archive for May 10th, 2013
They Came, They Murdered, They Covered It Up
(Again…) No Bank Deposits Will Be Spared from Confiscation
By Matthias Chang Global Research April 24, 2013 I challenge anyone to prove me wrong that confiscation of bank deposits is legalized daylight robbery Bank depositors in the UK and USA may think that their bank deposits would not be confiscated as they are insured and no government would dare embark on such a... »
Desensitization Training: Police Practice Fighting "Angry Parents"
Daisy Luther Activist Post.com Friday, May 10, 2013 From time to time, I have been highly annoyed with the school that my daughter attends. I have set up meetings with teachers, principals, and administrators. I have brought in paperwork and pleaded my case on a variety of topics. I have made scathing remarks. Once,... »
Canada Prepares to Follow Cyprus Debt Crisis Bank Deposits Theft…(Who's Next?, Hmmmmm…)
By Jeff Thomas MarketOracle May 10, 2013 An intriguing article titled "Canada Includes Depositor Haircut Bail-In Provision for Systemically Important Banks in 2013 Budget" was recently published in SD Bullion. The somewhat lengthy title offers all the information necessary, but for those who – quite understandably – may not be able to accept that... »
IRS Admits, Apologizes For Targeting Conservatives During 2012 Election
by Tyler Durden ZeroHedge.com 05/10/2013 Just because you are a conservative and paranoid, doesn't mean the IRS is not after you. And, assuming the AP was not hacked again, this is precisely what happened. In a stunning disclosure, the supposedly impartial Internal Revenue Service has admitted and apologized for flagging and subjecting to extra... »
SilverDoctors.com MAY 10, 2013 Rob Kirby of Kirby Analytics joins me to discuss what he's calling full spectrum dominance – Bankster dominance, which is exactly what humanity is being subjected to. What is full spectrum Bankster dominance? It's the boots-on-our-throats police state rolling out worldwide, it's the latest policy of 'Bail ins' allowing the... »
Investmentwatchblog.com May 10th, 2013 Japanese Government Bonds Halted Limit Down; Yields Spike To 10 Week High; Worst Day In 5 Years It appears things are getting a little out of control around the world. Between the collapse in JGB implied volatilities in recent days, today's melt-down in JPY (+255 pips from pre-open US levels),... »
Benghazi Talking Points Underwent 12 Revisions, Scrubbed of Terror Reference
By Jonathan Karl ABCNews.com May 10, 2013 When it became clear last fall that the CIA's now discredited Benghazi talking points were flawed, the White House said repeatedly the documents were put together almost entirely by the intelligence community, but White House documents reviewed by Congress suggest a different story. ABC News has obtained... »
How Elites and Media Minimize Dissent and Bury Truth — Paul Craig Roberts
PaulCraigRoberts.org May 10, 2013 Over the last several years I have watched the rise of an important new intellect on the American scene. Ron Unz, publisher of The American Conservative, has demonstrated time and again the extraordinary ability to reexamine settled issues and show that the accepted conclusion was incorrect. One of his early... »
Congresswoman: Obama Gave Benghazi Stand Down Order
US Special forces blocked from protecting consulate Paul Joseph Watson Prison Planet.com May 10, 2013 In comments that went largely unnoticed, Missouri Congresswoman Ann Wagner (R) directly blamed President Obama for ordering the stand down which facilitated the assault on the US consulate in Benghazi. Wagner was asked by talk show host Dana Loesch,... »


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Yesterday, I stumbled across an interesting blog post by David Murrow of "Church For Men." Interesting in that it is revealing of the way Christian purity culture operates.Purity Culture claims to be an anti-sex movement, but it's really not. As I've pointed out before, in purity culture is often all about sex...in marriage. Just take a gander at Mark Driscoll's infamous "Can We ____?" chapter of his book Real Marriage wherein he extols the virtues of marital sex--even oral sex, anal sex, and … [Read more...]
Purity Culture Doesn't Want Men To Stop Getting Sex: It Wants Women To Stop Getting Power
Modest Is Hottest: A Guest Post for No Shame Movement
Today, I'm over at No Shame Movement sharing my story about growing up in Christian purity culture. Check it out! Also, be sure to read the other stories at NSM, and follow No Shame Movement on Twitter! "What would happen if I bought this shirt three sizes too small?" I joked to my sister, as we waited for my mom to finish up her shopping at the Christian bookstore. The shirt in question was a woman's tee shirt with the words "Modest Is Hottest" across the front.The sizes seemed to line up w … [Read more...]
Love And R-E-S-P-E-C-T
As regular readers know, I've recently read the Christian marriage book, Love and Respect (which was supposed to be included in my "You Are Not Your Own" series, but had to be cut due to time constraints), and have been discussing it here in blog posts and on Twitter.The big theme of the book--the one from which the title is derived--is author Dr. Emerson Eggerichs' theory that a man's primary need is respect, and a woman's primary need is love. Eggerichs' believes women need to learn how to … [Read more...]
If Jesus is Lord, then Caesar is not.
Last night at church, my pastor talked about the phrase "Jesus is Lord," and what that phrase means. After church, a fellow church goer was wanting to start a conversation about what "Jesus is Lord" means to different people and asked if I would write a blog post on the subject.My relationship with the idea that "Jesus is Lord" is complicated in a couple of ways. First of all, as someone who identifies as both a Unitarian Universalist and a Christian, I am wary of the exclusive mindset such … [Read more...]
"You Are Not Your Own:" Unmarried Women Belong to Their Parents
This post is part of a series called"You Are Not Your Own," focusing on rape and sexual assault in Christian relationship/dating booksTrigger Warning for rape, sexual assaultNote: this research mainly focused on female rape. Though it is not the focus of my project, male rape is a huge problem as well–1 out of every 10 rape victims is male. I wanted to make it clear that, despite the focus of my study, it is not only women (and definitely not only cisgender women) who face sexual violenc … [Read more...]
Racism, Dehumanization, and Trayvon Martin
Trigger Warning: Racism, dehumanization, discussion of racial violence and the George Zimmerman caseI've spent a few blog posts recently talking about the way that the patriarchal mindsets in some popular Christian dating books dehumanize both men and women in specific ways. They dehumanize men to absolve men of responsibility, or to use "bad" men as a threat to women who refuse to submit to the "loving, godly leadership" of "good" men. They dehumanize women in order to keep women tied to … [Read more...]
Would Father's Day be different?
Would Father's Day be different . . .If Christianity wasn't preaching that, not only are they allowed to hit their children, but they must hit their children in order to be good fathers?If complementarianism wasn't telling dads that it's a woman's job to raise children, and that caring, nurturing men are "emasculated?"If society wasn't still pumping out the tired, old idea that masculinity equals power, and that men who do not have complete control over their families are not real me … [Read more...]
Complementarianism's ugly relationship with rape
[Trigger warning: rape apologism][Update: I've changed some mentions of "evangelical leaders" to "complementarian leaders" to clarify that I am referring specifically to complementarians in this post. I have a habit of using the two interchangeably because of my experiences in evangelicalism, but there is a growing number of awesome feminist evangelicals out there who don't deserve to be lumped in with complementarians]Over the past few months, I've called out evangelical Christian … [Read more...]
Happy International Women's Day and Feminist Coming Out Day!
March 8th is an exciting day! First of all, it's my wonderful partner's 28th birthday (Happy Birthday, Abe!). Second, it's National Colon Cleansing Day (Remember! A clean colon is a happy colon).And then, it's International Women's Day and Feminist Coming Out Day!As much as I love Abe and colons, this post is going to focus on the latter two.When I first "came out" as a feminist about a year ago, I got a lot of responses. Some positive, some discouraging. But, I think, by far the most … [Read more...]
Tell us we're not strong enough. But you're wrong.
Some people out there say that Christianity is for men, because our God came to earth as a man. He was brutally executed on a cross and there was blood and guts and other bad-ass manly things. Some people think that, if the church gets too "feminized," we might replace Jesus with a Disney princess and the cross with a field of dandelions and the broken body and blood of Christ with chocolate milk and cupcakes.Yeah, some people think that way.I don't think those people know a lot about … [Read more...]


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My website is under construction. I will be here soon with a new site, subscribe to be notified.
Michael Hanisch was born in 1983 in East Germany. After finishing school he began to work as a photo assistant. Later he studied photography in Berlin and started to establish his own visual language. He worked as an assistant and retoucher for renowned photographers mainly in the transportation sector.
Michael`s work combines an excellent technical understanding with the desire for that one special moment.
Michael is a freelance photographer specialized in cgi, landscape and transportation photography.


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Posted on Apr 06, 2012 | From: Summit County Citizens Voice
"The lengths of this discredited probe suggest a vendetta rather than a fair-minded inquiry," said Public Employees for Environmental Responsibility director Jeff Ruch. PEER is providing legal representation for Charles Monnett and Jeffrey Gleason, the two researchers at the center of the probe. "Though I d more . . .
Read the PEER story


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Fairytale Brownies introduces two freshly baked additions to our Gourmet Cookie Family - now in 4 flavors! Satisfying those cookie cravings with moist, chewy Gourmet Cookies. Made from the same pure premium ingredients as our world-famous Gourmet Brownies, Fairytale Cookies are baked in four gourmet flavors.
New Toffee Chocolate Chip: Rich chocolate chips and chewy toffee combine for a satisfying sweetness.
New Coconut Walnut: Toasty walnuts and sweet coconut flakes dance through this dark chocolate cookie.
Caramel Pecan: Organic vanilla extract, buttery caramel and premium pecans give this deliciously chewy cookie a subtle sweetness and a satisfying crunch.
Double Chocolate: Fine cocoa powder and rich Callebaut Belgian chocolate ships make this moist confection a chocolate lover's dream.
Visit brownies.com/cookies to view all of our cookie delivery gifts, or to buy brownies online.


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Women's Media Center produces original features on important issues by women experts and journalists. Our reports and commentaries provide progressive women's perspectives on both headline stories and timely events ignored or misrepresented in the mainstream media. National and international contributors -- widely diverse -- include members of the Women's Media Center Board of Directors, Progressive Women's Voices alumnae, SheSource participants, and many others, all using our platform to influence the global disucssion - and all paid honararia in respect for their writing. They offer our audience must-know information to move forward making change.
Faith-healing: A Modest Proposal on Religious Fundamentalism
Author and WMC Co-founder Robin Morgan struggles to understand the faith-based madness that seems to surround us. More »
Egypt—The Revolution Will Continue
January 25 marks the anniversary of the onset of protests in Cairo's Tahrir Square. Here, Hoda Elsadda, an Egyptian women's rights activist and professor at Cairo University, assesses women's gains, potential losses and determination to move forward—as evidenced by last month's 10,000-woman strong protest march. More »
Minnesota Women and the GLBT Community Score Electoral Victories
One of two Minnesota women who won seats at a special election last week, Susan Allen becomes the first openly lesbian Native American to be elected to a state legislature. More »
Kicking It on Kickstarter!
The powerful coming-of-age film "Pariah" is currently playing to critical acclaim. Its post-production story demonstrates the crowdfunding potential of Kickstarter for women filmmakers. More »
U.S. Redefines Rape, Updating an 80-Year-Old Characterization of the Crime
The new definition, a major step forward in providing justice and tracking the crime, came after advocates launched a viral "rape is rape" campaign. More »
Sexual Politics at Penn State—An Inside Look
The author, professor emerita of Penn State University, describes the culture that produced the recent scandal—and suggests a path to a needed focus on the victims of such abuse. More »
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Obama's Epic #FAIL on Plan B
Out of patience with Obama Administration betrayals on health issues, a coalition has launched a petition demanding an agenda that is fair to women. More »


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What costumes do you plan on making?
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yawn... bored...
Join Date: Oct 2004
Posts: 317
Originally Posted by
Skyline Kyo
Well first of all, Miroku is a -tad- bit of a pervert... XD
But my uncle in Korea is not fond of the Japanese (we had lots of debates regarding this subject while I was visiting Korea) and well, Miroku's outfit is very japanese.
But no matter, I won't let that get in my way. Miroku power and Sango beware!!! Hehehe, *gets smacked in the head by girlfriend*
yah, i know about that issue. some people just cant let go, but then again, the japanese did ALOT of wrong specially during and before WW2, specially towards korea. and now theres this persistant thing about trying to take away an island that belongs to korea, i think its called 독도? and the name of the sea? "the sea of korea" or the "sea of japan"
i have a uncle like that when i was in korea but he didnt care much when i told him about cosplay.
as for miroku!! yup yup ^^ i love the miroku sango pair!!!
oooh, *remembers when miroku proposes to sango* ^^
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MANILA, Philippines
Church leaders have criticized Congress' decision to postpone August elections in the Autonomous Region in Muslim Mindanao.
"The law is not respected, and we, here in Mindanao, are not given the opportunity to choose our own leaders," said Bishop Martin Jumoad of Isabela, in Basilan province.
"We want the elections and not the imposition of leaders," the prelate said. His remarks were reported by the Asian church news agency UCA News.
On June 7, the Philippine Senate and House agreed to postpone the elections in the region to coincide with Philippine midterm elections in 2013. Proponents of the legislation said this allowed more time for the government-rebel peace process as well as allow time for reform in the region, site of decades of fighting by Muslim separatists.
The Commission on Elections stopped preparing for the elections while it waits to see if the Supreme Court upholds or overturns the congressional decision.
Auxiliary Bishop Jose Bagaforo of Cotabato said the principle of autonomy was violated with the vote and the decision would fuel protests in the region.
Bishop Jumoad said the postponement of the elections will result in renewed political tension in the region.
"The possibility of discontentment breeds lawlessness. ... If the heat is too much, the pressure cannot be controlled," the bishop said.
Oblate Father Eliseo Mercado Jr., chairman of the lobby group Kusog Mindanaw, said the decision to postpone the elections was a "lethal blow to the little autonomy and self-determination" of the Muslim region.
The priest said the delay of the elections is also a blow to the peace process because it can be taken by warring parties as a government signal that it is "business as usual" in Mindanao.
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In fact, my new PR is now 3:44:27! It wasn't easy, but I worked really hard and pushed myself hard to hit my goal.
My hip hurt from the very start, but I was determined to stay on pace the entire time and really hauled it in the last few miles. And now I have a sore throat and runny nose to show for my hard efforts - the price you pay.
It's sad to see the weekend end, but we're now on the ferry bound for Vancouver and then Lisa and I will drive back to Seattle, WA for her flight home.
Anyway, happy Monday (and Canadian Thanksgiving)! I feel so lucky to have had such a great experience with bloggers who feel more like friends than just internet connections. I would highly recommend visiting Victoria, B.C. if you ever have the chance!
Tell me: What was the best part of you weekend?


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Started in 1955, Ivy League soccer has a rich tradition, having produced national team players and coaches, U.S. senators and Hollywood actors. Here's a look at the Ivy League past and present.
HARVARD (8-1-0). Past star: Chris Ohiri. The Nigerian, considered the greatest college player of the early 1960s, was struck down by leukemia at the age of 28. Present star: Andre Akpan is an early candidate for national player of the year honors with seven goals and five assists in nine games.
DARTMOUTH (6-2-1). Past star: Andrew Shue became a Hollywood actor and played for the 1996 Los Angeles Galaxy. Present star: Craig Henderson represented New Zealand at the Olympics and gained All-American honors in 2008.
BROWN (5-0-4). Past star: 2000 Ivy Player of the Year Cory Gibbs played for teams in Germany, the Netherlands and England and is now with MLS's Colorado Rapids. Present star: Goalie Paul Grandstrand was the 2007 Ivy League Rookie of the Year.
CORNELL (4-3-2). Past star: 1972 All-Ivy goalie Bruce Arena went on to coach the University of Virginia, D.C. United and the U.S. national team at two World Cups. He now coaches the Galaxy. Present star: Matt Bouaree (two goals and five assists) leads the Big Red, who have rebounded from 1-15-0 season.
PENN (4-3-3). Past star: All-time leading scorer Steve Baumann (30 goals and 39 assists in 1971-73) was until May the president of the National Soccer Hall of Fame. Present star: Sophomore Christian Barreiro leads Quakers with six goals and two assists.
YALE (3-4-2). Past star: U.S. senator and 2004 presidential candidate John Kerry scored a hat trick against Harvard in 1965. Present star: Midfielder Jordan Raybould is a four-year starter.
PRINCETON (4-4-1). Past star: U.S. national team coach Bob Bradley was the Tigers' leading scorer in 1979. Present star: Midfielder Josh Walburn leads Tigers with six goals and three game-winning goals.
COLUMBIA (2-5-1). Past star: Englishman Barry Nix was the first four-time all-Ivy pick (1978-81) Present star: Junior Bayo Adafin was the Lions' leading scorer in 2008 (seven goals) and again leads them with four goals this season.
Friday, Oct. 9
ACC: No. 7 Wake Forest vs. No. 3 North Carolina
ACC: No. 6 Duke vs. No. 25 N.C. State
Big East: No. 25 West Virginia vs. No. 13 Connecticut (TV: Fox Socer Channel, live, 8 pm ET)
Sunday, Oct. 11
Big Ten: No. 24 Penn State vs. No. 12 Northwestern
Weekend Top 25 Schedule


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Shrine Kitty (closed) by GiruteaWatch
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26 =3
waaah i need more dollars ;_; I want one like this...
Really Icchan? =3
Yeah, I've been tossing around a nekomimi character in my head for a bit after watching Dog Days. Something like Yukikaze's outfit, but I like the highly stylized miko outfit here.
Oh im very tempted right now......
omg, i love her sleeves and the scrolls on her back
your designs are as always, great Q vQ
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your designs are as always, great Q vQ
good luck!
aww thank you wanted something cute and pooofy c:
20 =3


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Nicole Kidman Premieres Her New Heartbreaking Film 'Rabbit Hole'
In her new film Rabbit Hole, Nicole Kidman and Aaron Eckhart play parents who try to cope with the death of their four-year-old child.
Kidman debuted the film at the Toronto Film Festival last night, dressed in Prada, and said, "Most films are hard if they're beautifully written and they're dealing with a subject matter that isn't easy, that isn't a comedy – devastating. But at the same time I wanted to do it justice for the people that have been through this."
"It's not easy to get a film like this made, or get it screened in Toronto, I just feel very grateful and very emotional," she added.
Eckhart agreed that the filming of the movie was intense, but that the rest of the cast and crew kept it upbeat at times to keep everyone's spirits lifted.
And Nicole returned Aaron's praise, saying: "He's such an inspiration, I loved being able to explore this together. He was right there through the whole thing supporting me and I hope I was supporting him and he felt that."
Check out Kidman and husband Keith Urban, Eckhart, Tammy Blanchard, Jon Tenney, and John Cameron Mitchell at the premiere last night!


text: The Leonard Lopate Show Published by The Leonard Lopate Show Hundred Days Want to embed this player? Use the code below. More info. <iframe frameborder="0" scrolling="no" height="130" width="100%" src="https://www.wnyc.org/widgets/ondemand_player/wnyc/#file=/audio/json/57577/&share=1"></iframe> Share on Facebook Share on Twitter Email a Friend 4 segments hide show What Obama Can Learn From FDR 32 min The Real Deal About Masculinity 17 min Country Music Royalty 15 min Please Explain: Credit 33 min With Obama's inauguration just around the corner, we look back at the first one hundred days of FDR's presidency - and what the Obama administration can learn from what happened then. Also: singer/songwriter Carlene Carter, daughter of June Carter and Carl Smith, on being a member of country music's First Family. Plus, Please Explain is all about credit!


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International Comedy Festival RotterdamComedy / Rotterdam
October 10-11 2014, 7pm
The newest addition to the slew of new festivals happening in the city on the Maas, the International Comedy Festival Rotterdam, will be bringing some of the best from the stand-up circuit for two days of laughs!
International stand-up in Rotterdam
The International Comedy Festival Rotterdam is a new effort by local organisers to give more attention to the comedic arts.
A mix of improv shows, theme shows, solo stand-up acts and group performances, the two days are densely programmed with both international and Dutch names.
However, in the theme of international cooperation, most of the shows are in English! With nearly 30 international stand-up comedians coming and local amateur acts to support them, this festival earns its international title.
Featured acts
Although there will be many great performers, be sure to keep an eye out for these stars and get your tickets early!
› Bonnie McFarlane
› Rich Vos
› Damian Clark
› Tom Rhodes
› Tony Woods
› Jörgen Raymann
› Marina Franklin
› To purcase tickets, click here.
› For the full line-up, see here.
› Click here for a list of locations.


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Angry Birds, YouTube among top apps of 2012
By Natasha Baker
TORONTO (Reuters) - Angry Birds, Instagram and Facebook continued to be among the most downloaded apps of the year but rising stars also earned coveted spots on smartphones and tablets.
This year consumers spent on average two hours each day using mobile applications, an increase of 35 percent over last year, according to analytics firm Flurry. The number is expected to continue growing in 2013.
"2012 was a transformative tipping point in the way consumers use apps," said Craig Palli, a vice president at mobile marketing company Fiksu, adding that the biggest shift is in consumers' eagerness to turn to apps for a broad range of day-to-day tasks.
Categories such as social networking, media and entertainment, photo editing, and games, continued to captivate consumer interest, with YouTube and Angry Birds being the top free and paid apps respectively at Apple's App Store.
Meanwhile, several apps released this year quickly joined the ranks of the top downloaded and revenue grossing apps of the year.
The game Draw Something for iPhone and Android quickly gained widespread popularity when it was released in February, and despite dropping off, is still the second most downloaded paid app of the year Android and Apple devices.
"It had a big run and other multi-player puzzle-oriented games like newcomers LetterPress and ScrambleWithFriends proved popular, too," Palli said. "But in many respects these titles were inspired by the more revolutionary Words With Friends."
Songza, a music-discovery app for iPhone, Android and Kindle Fire, saw significant growth in both the United States and Canada, where it is now one of the top free apps on the App Store. Continued...


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>> okay. heading towards the close. the s&p is up about seven point. that's enough for a duane for the week and that will give us six straight weeks that the s&p is up this year. first time i think in 40 years that the -- 42 years that the s&p has been up six weeks to begin the year. nasdaq same things, six weeks in a row. back to a 12-year high for the nasdaq. the dow will be the laggard. needed to be up 66 points to be positive for the week so it will end its win streak at five weeks. kenny on the floor of the new york stock exchange, you have to admit these markets are getting tired, don't you think is. >> they are. today very interesting. can feel it on the s&p. 1525 a real technical level of
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reitivityins, and can you feel that the market wants to test that on the s&p. personal the dow is not making a high. it continues to march higher which is a very, very positive sign. >> you inclined to still be in this long. >> i'm inclined. i would think it would get a little more defensive and i think it will hit real resistance there and then back o.every time it backs off there's always plenty of buyers around. so far. >> get home safe, my friend. >> that will do it. we'll go out mid-range and call it as the markets in new york, boston, all over the northeast are getting ready for the blizzard. all of you get home safe if you haven't already. the second hour of "closing bell" under way right now with maria bartiromo. and it is 4:00 on wall street. do you know where your money is? hi, everybody of welcome back to the "closing bell." a stormy "closing bell." i'm embroemo. t the s&p posting six straight weeks of gains for the first time since 1971.
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see how we're settling out on wall street. the dow jones industrial average tonight up about 41 points, a quarter of a% higher at 13,984. s&p 500 picked up 7.66 points and the nasdaq composite the big winner on the ses, technology in the lead, up 27 points on nasdaq at 3192. last trade there. the dow couldn't push high enough to make it a winning week though but the s&p did making it the first time in 42 years it's recorded gains in the first six weeks of a year. nasdaq closing at a 12-year high. joining me now to talk more about the markets and how you should be invested. stephanie link, brian relling and brian gendrou and our own rick santelli. good to see everybody. nice to see you. stephanie link, let's navigate next week and say how you're invested. what do you think about today's move. >> today's move is pretty impressive. >> i'm kind of happy that you asked before is the market getting a little tired. not really going at the same
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rate higher. that's good. we don't want to go up another 6% so quickly and i think the fact that everyone is still saying that we are going to have this correction that they want to buy the dip, i think you might not get it. might get it in certain stocks but not necessarily the overall market and there is your opportunity. you want to pick on the weakness. yum brands got hurt really hard earlier in the week. now back above where it was of they disappointed in earnings. schlumberger, same thing. you really want to focus on your stocks, a very stock-picker's market right now and use the weakness to be buying, to be adding. >> brian, do you agree with that? do you think we've missed this rally? the market has been having a rip roar beginning of the year, that's for sure. >> long term i think the rally continues, though we may be in for a few butchs here as we approach march and the issues in washington, the spending cuts and the budget. >> okay. so going into some of these
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issues coming out of washington you think we could get noise and disruption. you want to get into the markets at better levels? >> we're overweight equities. if we got a selloff we'd be buying more through some of the volatility, but, you know, whether that selloff comes or not, longer term investors should be looking to overweight equities. >> rick santelli, what about that trend? do you believe in it yet? >> no, i definitely do not. as a matter of fact, treasuries, boons, guilds, i think they will be fighting a lot in terms of keeping yelds down over the next couple of months and rest of the year, but where you are seeing significant cracks is in all the high yields. i'm not the only one talking about it, but whether you look at spreads on some of the barclays indices or the jnc or the hyg etf, they are making new lows for this year. can you see the charts, and in terms of the sequester, i agree
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with the last guest. in many ways between the fed and the deficit spending on the deficit level, even though it's going to be smaller this year, it's hard to beat, that so i think the sequester, where we really demonstrate that the growth in many ways is paid for because when you stop it's going to take away jobs, those kind of black reality swans will be the issue for the market ahead. >> brian gendron, where are you on this and how do you want to be invested? >> we don't think this rally is over entirely. if you extrapolate a 5% or 6% return we've had so far this year, we'll have one of the greatest stock markets of all time in the face of, you know, good earnings but not great earnings, in the face of still slow growth. i think that's a little unrealistic so we'll probably get a little bit of a pullback, unusual if we didn't. still recommending a substantial allocation to equities. this year looks like last year, political uncertainty. last year was a good year for stocks. as for stocks versus bonds, i've
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been thinking it was the end of a 30-year bull market in bonds for the past three years. by the same token, and i've been wrong, and by the same token every fixed income fund manager i know thinks that interest rates, bond yields, are path logically low for the ten year below the rate of inflation. that can't last. the thing is no one knows how much longer it will go on. meantime, people are going to get increasingly tired of getting half a percent on one-year cds and less than 10% -- less than 2 os on ten-year treasuries. >> yeah. what about the idea that this is very much fed drive, the federal reserve creating this environment where there's few alternatives and it's not necessarily driven by fundamentals. so do fundamentals not matter. >> the fundamentals are still good. we're still looking at fairly attractive, s&p 500, only about 13. i think the fundamentals are there, and the fed hasn't gott gone away yet. the fed hasn't taken await punch
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bowl yet. >> maria, i would just add that i think earnings have been really very impressive, and that's the big difference in my mind this year versus last year. in addition to all this stimulus, global stimulus, earnings are actually a lot better. i know the expectations were low, but no one was thinking 6% to 7% earnings growth and, okay, fine, revenues are growing at 2.2%, but that tells me margins are actually holding up which is the other case that everyone thought margins were going to roll over, the resiliency in the face of what we just went through in the fourth quarter and i think that's actually very impressive and i think the stocks will continue to work higher as earnings continue to improve. >> you also have to mention valuations and you're also seeing valuations, you know, not outsized. it's certainly a different environment than we were looking at in the '90s when you had, you know, very, very high pes. that's not case right now. >> particularly in the lower interest rate environment, too. >> right. >> what do you want to look at
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next week, rick? what's on your radar in. >> 66 billion in sly. 3s, 10s, 30s, tuesday, wednesday and thursday, of course, as many guests have mentioned. retail sales, the big data point, but i always like to monitor supply and see how investors are looking at a slightly higher rate environment to some of the auctions towards the end of 2012. >> that's a good point. how do you think name packets the market, all the new supply coming on? >> well, actually i think it may refocus the argument because even though 195, as our guests said, below the inflation rate, still better than the 140 to 160 area we traded at for a large part in the middle of 2012. >> brian rehling, what's your take? >> you know, i'm sure there will be pretty good demand next week in the short term, but when you're look to allocate your money, even if interest rates stay low and we don't get a rise in yield, you know, there's no money to be made over there. you're working on such slow yields and coupon levels that it's going to be very hard just
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to beat inflation so we think you're better off overallcating on the equity side where we do think there's a little bit more upside. >> and you're expecting weakness next week in the bond market, right, because of all that supply? >> right, typically might get a little bit of weakness in front of the supplies, the dealers clear off the shelves to be able to buy a little bit cheaper and then you see some strength after the auction. >> and so we could see higher rates there. thanks, everybody, really appreciate your time tonight. >> thanks, maria. >> thank you. >> we'll see you soon. the dow posting its first down week of the year but the nasdaq closing at a 12-week high. let's get to josh lipton, running through the week's biggest winners and losers. >> winners an laggards, starting with the s&p 500. the winners show a broad mix of names this week from ralph lauren and netflix driving much of the action.
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apple a lot of talk and market watchers debating what the tech giant should do with its big pile of cash. credit ratings agencies getting drilled on legal risks and continued fallout from the financial crisis. acamai technologies takes a tumble after reporting slowing revenue growth. united health and beverage giant coca-cola and american express higher by over 2%. in the red, caterpillar and big pharma, a cautious earnings forecast and concerns about its drug pipeline weighing on shares of merck. maria, back to you. >> forget the bulls versus the bears. an entire year of snakes to worry about. the chinese new year sunday marks the beginning of the year of the snake. historically usually it's terrible for stocks, and this isn't silly stuff. some banks are putting out note on this. we'll have details on the year of the snake and how it impacts you, and the so-called storm of the century is here. we've got very latest forecasts which are getting works by the way. plus the president of utill
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welcome back. it may sound silly to forecast the direction of the stock market based on the chinese calendar, but my next guest says stocks have historically underperformed during the year of the snake which happens to kick off this sunday, and this year is no exception. in a note written for rbc capital markets amy wu says it's more than just a fun fact. there's hard data to back that up. amy wu joins us now to make her case and also with us is chris constantinos who says this year investors will not get snake by then. thanks so much for joining us. this market can really be influenced by the chinese calendar. >> for the superstitious out there it's interesting to know that the year of the snake is the worst performing year on average over the last 63 years, but honestly, the most important fact as an options strategist is that the options market is pricing fears at all-time highs
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which makes me want to proceed with caution. even though you're seeing vix levels at historical lows, you see term structure very steep and normalized skew which is the downside for put demand and people are going out there and pike edges for protection. >> you want to start protecting yourself, raise cash. what are you telling clients to do then? >> maria, think about this. a lot of head winds kind of in movement. had a great january rally. however you've got sequestration on march 1st. you've got the budget which has to be resolved by april 15th and by may you have to start figuring out what to do with the debt ceiling. all we did is kick the can down the road. we didn't solve any problems so from a derivatives perspective all we're seeing is them taking this without money puts and even capping their upside to buy downside and almost zero cost with put spread callers. >> you think that an investor
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optimism is up and you think that's a positive for the markets this year. what's your take on the year of the snake and the implications? >> well, maria, i have to tell you i'm immediately skeptical of any investment philosophy based on horscopes. the only way those things work is there's something else going on, some kind of causation to go with the correlation, and when i looked at past markets, markets like 1965, 1989, 2001, the one common denominator that i found that i don't think is in place in 2013 is valuation. on the price matters framework that we use here at river front, particularly in '01 and 1965, those equity markets started those years of the snake at way above their long-term trend return averages which empirically we found to suggest subpar forward returns. that's not the case in 2013. on the same framework the u.s. market is about 18% below its long-term trend which is positive, and certainly where
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we're more bullish is international markets where in developed international that's 30% plus below the trend. >> which international markets, like japan or what? which markets? >> well, japan certainly is a fascinating case. you know, here's a market that last saw its highs in the early '90s. it's the cheapest -- on a price-to-book basis that's literally the cheapest developed market in the world but it's also been the ultimate value trap for the year. the difference potentially this year is the changes at the bank of japan and the changes politically that are happening that are causing potentially the independents and the bank of japan to be compromised which somewhat paradoxically could be the best thing for equity markets in japan so i think japan is very interesting here. i think broad developed international is interesting. japan and europe both on our models are inexpensive and both have cat lifts that we believe that could help them have very good 2013s.
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>> how do you respond to that, investor sendments being these are the most liquid markets and that you don't have a lot of alternatives given the low rate of rates everywhere. >> i'd say a few things. i'd definitely agree with chris that horscopes are not the way of investment philosophy but frankly what the options market is telling you there's hard evidence behind the fears in the market. it's not just that it's the year of the snake and you should proceed with caution. it's the structure. vix would suggest to you future uncertainty is very high. why is that? i would argue that even though strategically maybe long term we're at better growth, better consumer consumption, the reality is that tactically in the next few months we have a lot of head winds. as i mentioned the sequestration, the tax debates that are coming to the forefront so with volatility at historic lows, why not give it a try in terms of putting on cost protection as we've seen clients do because the fact is it is all
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time lows for the bang for the buck, risk for reward that you have. >> what else can you tell us about the snake, the year of the snake that may play into this argument? >> as far as i know it's a black water snake so it moves a lot so hopefully that means more volatility for us in the future. that's about as much as i can get as an astrologist. >> in terms of chinese new years other years, away from the snake, i mean, did they have any impact on the markets in the past? >> no. >> it's just a conflins of negative things. >> last year was the year of the dragon but obviously we've seen a lot of volatility in years like that. 2008, for example. look, the fact that we have this astrological sign but more importantly we have this lineup in options land with the vix and with the implied volatility levels. >> is there traditionally a rally after the selloff? can you look in terms of cycles, do we know what happens after, if in fact we do have a tough
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year? is it followed by buyers? >> that i don't know. i think what you would be looking at in terms of the options market is the uncertainty through the term structure is sort of telling you that not only is it low now but the future is much more uncertain and there are different things that you can lock at in terms of what to price now for the future, so, for instance, looking at may, looking into august, it actually is telling you the high uncertainty is probably because of the budget cuts. it's probably because looking at debt ceiling in the future. it's much more about what the lineup is because of how the temp structure has set up. >> chris, i know you're expecting a good year for stocks, but do you think that we're going to have some selloffs around these issues in washington, sequestration, the budget cuts to come. are you going to be buying on the dip if that were to happen? >> yes, maria. in fact, i agree with amy on the u.s. markets. i think it's going to be a little bit of tough sledding
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specifically because of sequestration and because of the fact we're starting right at this moment at fairly high investor sentiment levels, and the interesting thing, really a question of time horizon, amy's time horizon is maybe a little bit shorter than how we invest, but the interesting thing is what we found in studying investor sentiment is even when it's at optimistic levels like it is right now, that tends to mute forward returns from say zero to a couple months ahead time frame. it's actually a good thing from a nine to 12-month going-forward period because what it's suggesting is animal spirits have indeed started to return to the markets which tends to be from a longer term perfespectiva positive thing for equity gains. >> which groups do you think lead that rally, chris? >> well, you know, where we're finding value in the u.s. increasingly is in the -- in the junkiest areas, in the cyclical areas and high beta areas is where we're fining the biggest valuation discount, and, that
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combined with the fact that some of the macro indicators on global growth have appeared to have bottomed should be a positive catalyst for those spaces and you have to look at developed international in general as a place that has a lot of room to the upside if -- if things continue to be constructive. >> all right. we'll leave it there. chris, good to have you. amy, thanks very much. we'll be watching and certainly we'll be watching the year of the snake. we'll see you soon. nemo blasting through the northeast. the worst is yet to come, we're toe. we've got the storm covered from boston to the big a. wait until you hear the latest forecast for this blizzard coming at us and is moody's the next shoe to drop. it somehow managed to avoid a justice department lawsuit, but perhaps not for much longer. back in a moment. tdd#: 1-800-345-2550 seems like etfs are everywhere these days.
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welcome back. is moody's next. the lawsuit against standard & poor's mortgage ratings has raised questions about why it did not slap a lawsuit on moody's as well which had similar rosy ratings. cnbc correspondent scott cohn with the story. >> reporter: why isn't the justice department targeting standard & poor's when it was by no means the only ratings agency that slapped rosy ratings on what turned out to be junk securities. what about moody's & fitch. justice department officials were no help when asked about that on tuesday. >> this case is about s&p.
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we're here to talk about s&p. to the extent that there are or are not other pending investigations going on, we're not going to comment about that. >> all you've got to do is read between the lines in this $5 billion complaint, and it's pretty clear the other rating agencies are not out of woods. the whole case against s&p is predicated on the idea that s&p was lowering its standards and ignoring them in fact in response to other agencies that had already done the same thing. august 2004 a senior executive write the structured finance team is aware of the competitive threats that moody's is taking in mortgage-backed securities and has authorized us to take certain actions. is moody's next on the government hit list in the justice department still won't gent, and moody, of course, said it did nothing wrong. how high are the stakes? this week standard & poor's hired john kee ker for the case, as tough as they come and tough and shrewd behind the scenes. don't rule out a settlement in this case and maybe some sort of
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industrywide global settlement like the one that followed the wall street analyst scandals of a decade ago. maria? >> scott, let me ask you. why is the u.s. suing only s&p if they have evidence against the other ratings agencies. they apparently do have the evidence. >> part of it is a question of resources. a big suit. it will take a lot of smart lawyers, and they are also trying kind of a novel legal strategy, as you know. they are using a law had a was passed after the savings loan scandal and to some extent they want to see how it works. it's a little bit of a test case. remember with the analyst scandals back a decade ago. first eliot spitzer went up against merrill lynch and then against the other research firms. >> do they have the same kind of damaging e-mails at moody's that they have at s&p? >> presumably they have at least as many e-mails, whether they are damaging or not will be up to courts to decide. they were able to get into all of these. remember, back in 2008, a big congressional hearing with all three of these firms on the hot
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seat, and all of them responding to e-mails of the same kind that wound up in this civil complaint against s&p so you can presume, that yes, they have a fair amount of e-mails from moody's, a fair amount from fitch's, and the question is when and how will they use them? >> now, is there a danger of putting these firms out of business, scott? >> that's the issue. >> again, if you keep comparing this to the analyst scandals, south side research is nothing like it was, and can you argue that gave rise to a lot of other unintended consequences like a lot of insider trading, so if we get rid of these ratings firms and all the important functions that they have, what will that mean to rating this kind of debt that's out there and that's the question. a lot of others out there that you know that have alternatives and alternative models. this is one that's worked for many, years. that's the risk here if the justice department pushes too hard and the settlement turns out to be unintended
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consequences, we'll have a big vacuum with important vfgs for investors. >> scott cohn, i know you'll be on it. nor'easter nemo unleashing powerful winds, blinding snow and a travel nightmare. thousands of flights have already been cancelled. amtrak service between new york and boston suspended. the latest on nemo's assault coming next. remember superstorm sandy which knocked heat and power out for millions of customers. i'll speak with the head of one of the biggest power companies in the northeast and president obama now warning that drastic spending cuts could have a devastating effect on the economy. you choose which accounts to track and use fidelity's analytics to spot trends, gain insights, and figure out what you want to do next. all in one place.
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welcome back. winter storm nemo striking with full force. we've got full team coverage. jackie d'angelis is standing by outside headquarters and mary thompson is outside a home depot in new jersey and jay gray is live tonight in boston. jackie, kick things off for us. >> reporter: good afternoon. moments ago governor cuomo
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declaring a state of emergency. as of now subways in manhattan with fully running and fully functional but we could see closures if things get worse later on. meantime, connecticut has issued a driving ban, this after its governor had also declared a state of emergency earlier. connecticut bracing for about 2 feet of storm potentially from themo. also want to mention that washington power company, pepco, saying that 50,000 of its customers are without power right now after a tree fell. they are working to restore that, and here just a few miles north of the george washington bridge commuters have been advised that the speed limit has been re-reduesed to cautionary 35 miles per hour both ways so people taking caution on the road as things are whipping up and getting much worse. back over to you. >> that is amazing. thank you, jackie. do you need to make a last-minute run to the store for a shovel or a flash lying. mary thompson is already for the storm. she's at a home depot in hackensack, new jersey. mary? >> hey there, maria.
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if you need a shovel or a flashlight you will be in luck, but if you're looking for some of the bigger ticket items like a generator owe snow blower, no such luck. think about this. 50 generators were sold at this store in the last 24 hours. same story with snow blowers. the last one leaving the store at 11:30 this morning. another thing that they are out of, gasoline canisters. you might recall during superstorm sandy people ran out of fuel or their generators ran out of fuel. they don't want to be caught in the same situation in the event the power goes down again today. now, earlier today the store was also out of salt, but then we got a delivery here let's say about 2:30 or so much. caused a little bit of a frenzy here in the store in hackensack. now, if you ask home depot, they will say blizzards typically don't generate the type of sales that you see before or after a hurricane but this time might be different. demand was picking up very early suggesting, of course, people want to be very prepared for nemo because they weren't prepared for sandy. back to you. >> all right.
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thank you so much. mary. nemo expected to slam new england particularly hard with up to 3 feet of snow in some parts. nbc news' jay gray has more for you from boston. jay? >> reporter: you can see the wind really picking up here, the snow continuing to fall though 's b sideways for the most part, starting to accumulate a bit, but as you talked about, we expect to see two to three feet before all of this is over. these conditions only going to intensify through the evening. there's a state of emergency declared here in massachusetts and a driving ban. no one is expected to be out right now. everyone should be inside and riding out this storm. unfortunately, these conditions are going to last a bit longer than we first expected. the blizzard warning in the boston area has been extended now through 1:00 tomorrow afternoon as that wind continues to pick up. back to you. >> all right, jay. thank you so much. utility companies in the northeast are trying to ensure that the lights stay on and the natural gas is flowing as the
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storm begins to increase, and if weather does knock out power it's restored fairly quickly. joining me now is ralph larosa of the public gas and utility corporation that services most of new jersey. this gas line was ahead of the storm and would seem to be a vote of no confidence in the utilities, people running out to get gas. how important is it to you and your peers that you perform well in this storm if in fact there are outages? >> well, you know, certainly we had a lot of empathy for what went on during the last outage. what we saw with the gas stations was really driven by the problems at the refineries. when we started to restore power to individual gas stations, what the challenge was was getting the product out of refinery. we don't see that happening this time because the surge that really was the damaging factor in that last event is not what we expect in this storm. >> talk to us about what you're
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expecting and how you've been preparing for it. >> so, as i said, during sandy had two events. had a surge that took place up the north bay and into long island and high winds that took place and took a lot of the overhead lines out of our power. that's what we're expecting to have happen during this storm is overhead damage but we're not expecting anywhere near the type of damage we saw during sandy. winds are much less. projections in the 40 to 50-mile-an-hour range for gusts so not expecting the type of damage we saw with 90 to 100-mile-an-hour wind we saw with sandy. >> overhead, you think trees will come down, lines will come down shutting out power? >> you'll have some of that. again, much less than it was during sandy. leaves on the trees, that's our biggest nemesis. the trees are the problem and when you have leaves on them just like we had during the october snow storm last year, it was all about the leaves coming down and bending the branches on us. >> that was the issue, the way things came down, yeah. what kind of a potential cost does a storm like this have on a utility like pse & g? how do you plan for that?
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you really can't plan. >> you try to build into your budget for small storms. a storm like this may or may not fit within our budget, depending on the type of damage that we have. certainly during sandy we saw costs that got up into the $300 million range which was much higher than we would have budgeted for and we were regulated to defer those costs off to a future rate case and future discussions from a rate pair standpoint. this type of event use our normal work force and bring in contractors and make sure people have the right material and tools available to respond as need stld what should people be thinking about now to prepare for the lights going out and then losing power? what do you in your fantastic seat that you see so much, what do you recommend that they make sure to have on hand? >> first of all, we hope the power doesn't go out. number one, stay safe. stay away from the wires that are down. you don't know whether it's an electric wire or telephone wire so stay away. >> exactly. >> call us. we don't know whether an individual home is out. we know whether a big line is
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out in the street, but because we don't have smart hearst in our entire service territory in all, in our case, even industry wide, have you to assume that you need to call us and let us know that your power is out and reach out to your local utility and be prepared. it's all about individual accountability and have flashlights, make sure you have water available and batteries for the flashlights so be prepared on your own. >> are you expecting this to be all weekend? what's your expectation in terms of timeing? >> for new jersey we expect most of the severe weather to be out by morning time so we'll be monomonitoring the storm throughout the night. about a third of our work force is on the property respond to respond quickly but most of the work done during the daytime and crews will be coming back in tomorrow morning. >> let me ask you questions about the super bowl. entergy taking responsibility for the power outage at the superdome in new orleans during the super bowl. pse & g provides power to metlife stadium in new jersey where next year's super bowl will be played. how confident are you that you won't have that kind of a problem occur?
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>> we'll take a look at what happened -- just saw this afternoon what entergy came out with. a relay is a fancy word for a gfi that we have in all our homes. it sensed that there was something wrong on the system and opened up a circuit breaker and lost power in the stadium for a miniscule amount of time. it took a long time for the lights to cycle back on and off a couple things we'll do is getting lights that come on much quicker if we do have an incident but we'll be testing all the relays and building as much redundancy into the grid as possible. we'll leave it there. >> good to have you on the program. >> ralph larosa psg & e president. from snowmageddon to economic armageddon millions of jobs could be axed if congress fails to reach a deal on automatic spending cuts on march 1st. the real effects of this mini cliff next and blackberry finishing the first week under its new tick symbol bbry in the black. the stock up better than 40%
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this year. we'll have the blackberry trade coming up in a few minutes. stay with us. this is america. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day after day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] one pill each morning. 24 hours. zero heartburn.
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is moving backward. [ engine turns over, tires squeal ] and you'll find advanced safety technology like an available heads-up display on the 2013 lexus gs. there's no going back. welcome back. a dire warning of job loss and economic gloom unless congress acts on automatic spending costs by march 1. john harwood with the story from washington. john? >> reporter: we're back to that familiar game of chicken in washington. republicans saying president obama, you've got your tax increases in the cliff in early january. we want spending cuts now and if
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you don't agree with our spending cuts we'll let the sequester cuts, the indiscriminate across-the-board take effect. the white house said if i get the word out on what this means you wouldn't dare do that. that's what the white house briefing was about. administration economic officials talked about the middle class impacts, talked about 70,000 kids being thrown off of head start and 2,000 fewer food inspections. 540 million less in loan guarantees for small business and 375,000 fewer mental health patients being treated. 10,000 teachers lost, leon panetta, the outgoing defense secretary, has already said that the unacceptable cuts to the nation's defense would result so what we've got to see is whether republicans believe that or whether they believe it's a chicken little kind of argument and some democrats privately on
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the hill think that the sequester cuts might not be all that bad because they cut some of the defense programs that democrats have wanted to for some time. thee weeks to see how this is going to come out. >> amazing that we're up against more deadline. is the white house using scare tactics here or would the cuts really be that bad? joining me now american action forum president and former chief economist for bush 43's economic council and also with us is caroline heldman, professor of politics at occidental college. doug, you first, as bad as the white house says? >> no, nothing has changed since the president invented the august of 2011 except the politics and now he wants to change the spending cuts into tax increases, and obviously that's not going to fly, not with the congress and certainly not with the american people who in poll after poll said we don't like the fiscal cliff deal that raised taxes, no spending cuts and now it's time to see the spending cuts. >> what about that, caroline in
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the white house says thousands of jobs could be lost. other experts are using other numbers. what's your expectation? >> well, my expectation is what it was back in november when mitt romney was make the same claims about job loss and that's based on the congressional budget office' estimate of 1.4 million jobs lost as a result of sequester. so what the white house came out with today was nothing new, simply specifics about where the cuts would come. i'm not sure how republican leadership has made a 180-degree turn on this but everyone agrees there will be job losses and it will slow the economy. the question is how much and where. >> doug, do you think recession fears are overstated here? are you afraid of the sequester kicking in what's the impact? >> certainly it will have an impact but i don't think it's cause for recession. the economy can certainly weather this, and quite frankly if the white house was so deeply concerned about job loss, they should have thought hard about raising $600 billion in taxes at the turn of the year when the economy was growing more slowly than it was in 2010 when the
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president himself made the case that it was growing too slowly to raise taxes on anyone, so this is just scare tactics. when it's to their political advantage to wave jobs around they do. when it's to their political advantage to ignore it they do. the reality on the ground is that there has been zero progress on controlling spending and the debt that it will create, and, you know, the american people are waiting to see that happen. >> caroline? >> well, i would say we've already felt the effects. look at fourth quarter of last year when the private -- private spending and growth was fine but in the public sector the department of justice department and other military cuts resulted in shrinkage overall of the economy so we've already felt the effects of this, even before it goes into place and the entire reason behind it is deficit reduction but our deficit is being reduced because of increased revenues and getting out of wars. the cbo is projecting $835 billion this year, the first time it's been below $1 trillion and 435 billion next year. >> but the reality on the ground
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is the same cbo said that the $600 billion in new taxes didn't make a dent in the deficit, 7 trillion this deficits over the next year, if you roll the clock forward when the economy is recovered and no financial crisis and no overseas wars, no european threat, we're still running trillion dollar deficits so we've made zero progress. >> you have to change that talking point. we have reduced the deficit now 835 billion. it is going down. >> huge progress, oh, congratulations, you're now well above the safety line that history has shown gets countries in country. we remain above that danger zone so there's been no progress made whatsoever on the deficit. you can't make that point. >> you have to look at numbers. look at the cbo numbers what have they are projecting next year. they are going down. you cannot say to me. >> and right back up. right back up. >> when are they going back up? >> the bottom is at 215 and in 2023 we're running $1 trillion deficit and gets bigger every
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year therefore. for ten years we'll have gdp smaller than the gross federal debt, debt to gdp over 100% for ten years. that's not a safe way to run a country. >> caroline, are you saying we should not be focused on the debt and deficits right now? >> deficit and debts are taking care of themselves as we get back to full employment. >> that's just laughable. >> it's not laughable. it's data. >> you're living in a fantasy land. we're pulling out of these wars. >> the debt and deficit are taking care of themselves. you really want to make that claim? >> i'm absolutely making that claim because it's happening. look at what is happening with our deficit. it is shrinking as we get back to bert employment numbers and as we increase our revenues. >> the debt right now is 16.5 trillion. >> and in ten years it's going to be 26 trillion and the gdp will be 26 trillion and ten years from now when the unemployment rate is 5.2%, the deficit will be $1 trillion. >> i would contest those numbers.
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those are not cbo numbers. >> yes, they are. yes, they are. >> and what is happening is that in ten years we are going to return, as long as we don't have wall street send us into another economic meltdown. >> can i ask you another question. if this is such a horrible thing, why is it that the house has passed two bills to get rid of the sequester and replace it with more sensible cuts, the senate democrats have done zero and the president has never put forward a proposal. if this is such a horrible thing when are they going to introduce legislation and do something? >> the senate democrats, first of all, the progressive caucus has come out with something that will increase jobs and reduce the deficit. >> is there legislation that the senate has actually undertaken? >> and secondly -- >> no. >> i'm dealing with the house. the house democrats have actually come out with a plan that would close corporate tax loopholes, that would get us, you know -- >> these are great talking points but they are not action. there's been no action by the president and no action by the senate. >> we'll keep watching this. obviously this conversation front and center. thanks very much to you both. we appreciate it.
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doug, caroline, thank you. >> let's be real. everybody who owns a smartphone and drives has texted at the wheel at one point or another. the practice playing a role in more than a million accidents. god forbid anyone try to start it in the storm in the northeast. at&t has an app that could put a stop to texting while driving. >> drivers are more likely to have an accident while texting n.2011 distracted drivers injured 387,000 people and killed more than >> which features an online pledge, jarring public service announcements and a driving simulator. there's also an app for this. it blocks your phone from sending or receiving texts while driving. the app turns to drive mode,
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anyone texting, gets an auto reply telling them that you're driving. it's not perfect, the app is for android and blackberry only and it sometimes gets confused and thinks you're driving when you're not, but it's an interesting first step in com t combatting the problem. >> all right, john. how long can blackberry shares keep on moving up? this week's gains boosting their stock higher this year. find out whether it's time to prune back your blackberry holdings. back in a moment. step seven point two one two. verify and lock. command is locked. five seconds. three, two, one. standing by for capture. the most innovative software on the planet... dragon is captured. is connecting today's leading companies to places beyond it. siemens. answers. recognize me.
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but i am your market data. i know what you're looking for. i'm not chained to your desk anymore. i'm faster and smarter now. and so much less expensive.
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i am your market data. and if i do say so myself, i have never looked better. superderivatives introduces dgx. data done differently. >> the company formerly known as research in motion pulled out all the bells and whistles at its blackberry 10 launch last week. seems to be paying off. the phone maker stock surged better between 25% under a new name and ticker symbol. let's ask brian sutland and "options action" contributor. good start for the week and certainly for the year for blackberry 10 in canada. can we expect that success when it's released in the u.s. in march? >> that will be a difficult
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question. get their loyal customers involved in the product. so the stock certainly trading higher here. option traders took a little bit of profit or add protection here. buying the may 9 puts, we saw that about 1,500 times. they expect to to trade below nine by may. i think rim, the bleeding has stopped. the stock is in a good position and it continues higher. but it makes sense, take a little profit, wait to see if there's pullback in the stock and get past the u.s. launch on the new blackberry 10. >> thanks so much, brian. for more options inside, stay tuned for "options action" straight ahead at the top of the hour. >> no snow day for the stock exchange, a good thing for america. stay with us. [ indistinct shouting ] ♪
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[ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all on thinkorswim from td ameritrade. ♪
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>> and finally today my observation on the weather and capitalism in america. we've heard scary predictions today. a blizzard headed this
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Monsanto profit falls, but shares rise on bullish outlook
By Carey Gillam
(Reuters) - Monsanto Co (MON.N: Cotización) reported a 6 percent drop in quarterly profit on Wednesday, but shares jumped more than 5 percent as the world's largest seed company beat forecasts, improved its near-term outlook and said it planned to double earnings over the next five years.
The company, known for its genetically engineered corn, soybeans and other crops as well as the popular Roundup herbicide, also announced authorization of a $10 billion (5.89 billion pounds) share repurchase and cited strong progress on a new farm data business platform.
Monsanto said that although earnings for the third quarter ended May 31 were down in the face of challenging market conditions, the overall outlook was bright.
"We're on track for seeds and traits to drive a majority of our full year growth," said Chairman Hugh Grant. "That performance in a more challenging agricultural environment speaks to the breadth and customer value of our product portfolio."
Grant said that by the end of fiscal 2019, the company aimed to at least double full-year ongoing earnings, which exclude certain special after-tax items. More than $4 billion of total gross profit growth will come from its core seeds and traits unit, the company said. The company also raised the low end of its full-year outlook for ongoing earnings to $5.10 a share from $5.00 while keeping the high end at $5.20.
"The confidence level is off the charts," said John Roberts, executive director of U.S. chemical equity research at UBS. "They feel they have as deep a growth pipeline as they've had in a long time."
Monsanto said it had earned $858 million, or $1.62 a share, in the third quarter. That was down from $909 million, or $1.68 a share, a year earlier, but it beat the average forecast of $1.56 a share from analysts surveyed by Thomson Reuters I/B/E/S.
Corn seed products, the company's largest revenue source, will remain a growth driver, the company said. Corn contributed $1.3 billion this quarter to total net sales of $4.25 billion. Continuación...


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