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Skip to comments.Executions lag in Slater murder 25 years later
Posted on 04/28/2007 1:43:09 PM PDT by lastchance
STUART About 3 a.m., 25 years ago today, a blue Buick carrying four men drove to a small convenience store on U.S. 1 in north Stuart, then a lightly populated area.
Inside, the lone clerk, Frances Julia Slater, step-granddaughter of outboard motor magnate Ralph Evinrude and singer Frances Langford, was sweeping the floor.
Two of the men entered the store, took $134 and forced Slater to come with them.
A night that began when four bored fruit pickers decided to rob someone ended in murder.
And it launched an intensive investigation that lasted eight days before the four were arrested.
That night's chain of events that captured nationwide attention continues to this day. One man has been executed, one was sentenced to life in prison, and two still sit on death row in Starke.
Martin County Sheriff Bob Crowder was chief investigator under then Sheriff Jim Holt and personally directed the probe by county and city law officers. He said the fact that Alphonso Cave, then 24, and J.B. "Pig" Parker, then 19, have not been executed is an injustice to the victim's family.
"It is taking a terrible toll on them," he said. "The penalty should have already been carried out in this case. There was never any doubt as to who did what."
(Excerpt) Read more at tcpalm.com ...
I think it is important that I post a timeline
April 27, 1982
2:30 a.m.: A Martin County Sheriff's Office deputy sees Francis Julia Slater working behind the counter of a now-closed Li'l Saints convenience store on U.S. 1 north of the Roosevelt Bridge.
3 a.m.: Four men in a Buick drive up to the store. Two men enter the store to rob it. They take $134 and force Slater into their car.
3:04 a.m.: A customer finds the store empty and alerts police, who begin a search for Slater.
3:30 a.m. (estimated): The car stops and Slater is forced out, pleading for her life. John Earl Bush, 23, driver of the Buick, and J. B. "Pig" Parker, 19, get out with her. Bush stabs her in the stomach and she falls to the ground. Parker produces a handgun and shoots her once in the back of the head. The four drive away.
4 a.m.: St. Lucie County Deputy Tim Bargo stops the bluer because it has a flickering tailight. He does not know Stuart Police are looking for a similar car involved in another robbery and writes them a warning. He also does not know the men had debated killing him to prevent any possibility of their being connected to the murder. The .38 caliber revolver used in the murder was thrown in a canal in Fort Pierce.
4:30 p.m.: Truck driver Edward Cauley spots Slater's body in a ditch and alerts authorities.
7 p.m.: Investigators clear the scene but have few clues. Rewards totaling $20,000 are posted for the arrest and conviction of the killers.
April 28, 1982: Bargo tells his supervisor about the traffic stop and gives him the names of the people in the car.
April 30, 1982: Funeral services for Frances Julia Slater are held in Jensen Beach. Her ashes are scattered at sea.
May 2, 1982: Several tips report "street talk" connecting Bush, Parker, Alphonso Cave, 24, and Terry Wayne "Bo Gator" Johnson, 25, with Slater's murder.
May 4, 1982: Bush, Parker and Cave are arrested.
May 6, 1982: Johnson voluntarily surrenders. He gives a statement implicating the others in the crime.
May 19, 1982: A grand jury indicts all four men on murder charges.
August 1982: The trial of the four men is delayed, so defense attorneys can seek to move them outside Martin and St. Lucie counties.
November 1982: John Earl Bush is found guilty in a Fort Myers courtroom and sentenced to death. The decision is automatically appealed to the Florida Supreme Court.
Dec. 6. 1982: In St. Petersburg, Alphonso Cave is found guilty an sentenced to die. The decision is automatically appealed to the state Supreme Court.
January 1983: J.B. "Pig" Parker goes on trial in Lake County. Parker is found guilty on Jan. 8 and sentenced to die. The case is automatically appealed to the state Supreme Court.
April 1983: The trial for Terry Wayne Johnson is held in Fort Lauderdale. He was convicted.
June 29, 1983: Terry Wayne Johnson is sentenced to life without parole for 25 years.
November 1984: Florida Supreme Court upholds the death sentence for Bush.
August 1985: Florida Supreme Court upholds death sentences for Cave and Parker.
January 1986: Gov. Bob Graham and the Florida Cabinet refuse clemency for Bush.
March 1986: Graham signs the death warrant for Bush.
April 1986: Florida Supreme Court issues a stay of execution for Bush.
June 1986: The U.S. Supreme Court refuses to hear Cave's appeal.
October 1987: The U.S. Supreme Court rejects an appeal for Bush.
December 1987: Cave and Parker seek and are denied executive clemency by Gov. Bob Martinez and the Florida Cabinet.
January 1988: Martinez signs the death warrant for Bush.
February 1988: A federal court issues a stay of execution for Bush.
April 1988: Requests for a new trial for Parker are denied. Gov. Martinez signs death warrant for Cave.
July 1988: U.S. District Judge William J. Castagna issues a stay of Cave's execution in Tampa, pending a review of his case.
February 1991: Circuit Judge C. Pfeiffer Trowbridge reaffirms death sentence for Cave.
Florida Supreme Court throws out Cave's conviction saying Judge Walsh should not have presided at second trial.
Oct. 21, 1996: Bush electrocuted at the Florida State Correctional Facility at Starke. Among the witnesses is Cathy Slater Springston, twin sister to Francis Julia Slater.
November 1996: Cave is resentenced to death. Both Parker and Cave remain on death row.
October 1999: U.S. Supreme Court rejects an appeal by Parker.
October 2000: Parker gets a new trial in Tavarres on the sentencing issue. He is convicted.
March 2002: Cave gets a rehearing of his sentence before Circuit Judge Paul Kanarek in Vero Beach. He is convicted.
January 2005: The Florida Supreme Court again upholds death sentence for Cave.
The timeline is from the posted article.
"St. Lucie County Deputy Tim Bargo stops the bluer because it has a flickering tailight."
I'm gonna adjust my attitude with respect to cops stopping me for piffleing BS like this. I don't know that this isn't the millionth time I've read of them bagging a worldclass piece of criminal filth this way.
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subset: commoncrawl


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After launching the 'PickMi' pick up and drop after sales service in India, Xiaomi is now introducing an insurance service called the 'Mi Protect'.
This insurance service is for Xiaomi smartphone and tablet users, and is set to be launched sometime next week.
As a part of this service, Xiaomi users will be able to avail a range of services that is meant to protect their devices.
In case your device is stolen, you will be able to block your SIM card from anywhere in the world, and will also be entitled to a SIM 'misuse insurance' cover of up to Rs 3,000.Furthermore, there is also an insurance cover for accidental damages and even liquid damage. If your device falls in liquid, gets spoiled in rain, falls on a hard ground, or gets sat on, you can claim for the damage.
The cover will depend upon the device as well as the plan. The insurance cover will be provided by OneAssist, which is partnering Xiaomi for this service.
The aforementioned PickMi service, which is usually priced at Rs 189, will be offered free for those opting for the Mi Protect service.
It also offers assistance to new smartphone users, and will help users with a range of tasks like configuring emails, manage display brightness, language, fonts, and ringtones among others.
Lastly, there is a service called 'Docusafe', which lets users store documents online. Users will be able to store documents and will be given a space of 1GB.
ALSO READ: Xiaomi launches 'PickMi' doorstep pick up and drop after sales service in India
In case your device is damaged, you can contact Xiaomi by calling on 1800 407 333 333/ 1800 123 3330 / 0 8080 333 333.
Once you have explained the damage to your device, a Xiaomi Mi Protect team will visit you to access the damage. After the assessment, the team will initiate the claim verification and free-repair process.
As for pricing, Redmi 2 and Redmi 2 Prime users can buy the insurance cover for Rs 275, while Mi 4 16GB, Mi 4i 16GB and Mi Pad users can opt for it for Rs 499.
The cover is valid for one year, and is only applicable on smartphones and tablets that have been bought from mi.com.
Xiaomi also offers a similar service via its exclusive service centers, but the pricing differs.
Xiaomi Redmi 1s, Redmi 2, and Redmi 2 Prime users need to pay Rs 425, while the Redmi Note 4G users need to pay Rs 549.
Xiaomi Mi 4 users have to pay Rs 899 for the 16GB variant, or Rs 999 for the 64GB variant. Lastly, Mi 4i and Mi 3 users have to pay Rs 749.
Curated from Xiaomi to launch Mi Protect insurance service in India for its smartphones and tablets


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La Roux Argues Against Underground Music in Defence of Pop
Star sees "less value in music without poppy hooks."
Elly Jackson, aka La Roux has expressed her revolt toward underground music - arguing in favour of pop music.
As Gigwise notes, her claims argue that records aren't cool if they're not hook-heavy and sell a huge amount of copies.
In an interview with Time Out she said: "I like the ambition of making pop. Underground music gets all of the respect and critical acclaim, yet the stuff which sells sh-tloads of records doesn't," she said. "It's the challenge of writing music that's quality, but also pop, that I want to take on."
Asked if it was a problem with underground music, Jackson responded: "There are too many underground records. I'm sick of people saying, 'That record was so great,' and yet it only sells 4,000 copies. I don't see what's cool about not writing hooks; if you're really f--king clever, where's the f--king melody that I can remember? I woke up today and forgot your whole album - genius! I don't get it."
Jackson was also recently expressing her distaste toward Kanye West. In an interview with the Sunday Times she said "F--k him! Nobody likes him."


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Posted 12 Dec 2012
Link to this post
Posted 13 Dec 2012
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Why not use MVVM instead and control your value in your property setter?
Explore the entire Telerik portfolio by downloading Telerik DevCraft Ultimate.
Posted 18 Dec 2012
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Currently we do not plan to introduce such an event as it will go in direct interference with our support for custom editors. Can you please send us a simple repro project that demonstrates the cases that you are addressing, so that we could inspect it on our side?


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La Ferme Loubetas is a 200-year-old small farm in the delightful Baronnies region of the Hautes Pyrenees. The former barn has been simply and attractively restored to provide bedrooms for 2-4 people on the upper floor, and communal rooms on the ground floor, including a playroom with a ping-pong table and a piano. The accommodation faces onto a large grassed courtyard bordered by mature trees.
Delicious breakfasts and three-course dinners are served in our large kitchen/dining room, which has an open fireplace. Picnic lunches are also available. We fully cater for vegetarians.
The 3 Bed and Breakfast Bedrooms in the Farm consist of:
1 Family room with 4 single beds - 2 are placed together (25 m2)
2 Double rooms each with 2 single beds which can be put together or separated (14 m2, and 10 m2)
Each bedroom has a washbasin. All rooms have a private shower and WC, adjacent in the corridor (the Family Room has an en suite shower). There are other bedrooms in the Lodge, but these are never used when we have B&B guests.
There are also two Bed and Breakfast Apartments in the recently-built chalet-style Gîte set above the farmhouse (100 metres up the farm track). Each Gîte Apartment is suitable for 2-3 people. They have a double-bedroom (8m2), a shower and WC (2.8m2), and a sitting room with sofa-bed and wood stove (18m2). One apartment has a double-bed, and the other has two twin beds (which can only be slightly separated). There is also a central apartment with a kitchen, available for self-catering. The apartments are light and airy and have French windows onto a terrace, with wonderful views of the valley, forest, meadows and hills.
Bed & Breakfast Prices Per Night
The Farm:
Bedroom 5; 42 euros for 2 people, 32 euros for single use
Bedroom 3; 44 euros for 2 people, 32 euros for single use
Bedroom 1: 52 euros for 2 people, 60 for 3, 70 for 4 people
All prices include heating (there is central heating and electric radiators)
The Gîte Apartments:
58 euros for 2 people, 63 euros for 3 people, 45 euros for single use
Prices include electricity (for hot water and heating), and a starter allowance of logs for the wood stoves.
Brunch: 4 euros extra (on special request)
Evening Meal: 18 euros (13 euros for simpler dinners on Sundays)
The evening meals consist of an aperitif, starter, main dish, dessert, wine, and coffee/infusion.
Please note that we do not provide dinners on Wednesday evenings between 1st April and 31st October.
Les Baronnies
The little region of Les Baronnies has some 30 small and charming villages, a strong tradition of small-scale farming, mainly sheep and cows, and almost no main roads. With its dense forests of oak, cherry, ash and chestnuts, and lush, little-used pastures, it has kept a magical world apart feeling.
Less than 30 minutes walk from the farm is the Gourgue of Asque, where the river Arros emerges, and is known as the Little Amazon because of its lush vegetation and forests and the general feeling of being in a jungle.
Bagneres De Bigorre
The nearest main town is the market town of Bagnères de Bigorre, which has colourful houses, restaurants, bars, and the oldest (but recently renovated!) thermal baths in the Pyrenees (called Aquensis Baths after the Roman name for the town, Vicus Aquensis). A typical French market takes place on Saturdays where you can purchase local mountain cheeses and meats and have a glass of white wine while sampling a plate of Atlantic oysters in the old covered market hall!
What To See And Do
First, there are the fabulous Pyrenees, with their high lakes and peaks and wonderful flora and fauna (marmots, chamois, ibex, otters...). The variety of walks is enormous - starting right at the front door, where you will be surrounded by woodpeckers, buzzards and wild rabbits, you can climb the mountains across the valley to Le Casque du Lhéris (1595m) and Montagne de Billexe (1433m) to get panoramic views of the range, or walk the Petite Amazon valley of Gorgue dAsque, or explore the valleys and foothills of Les Baronnies or, of course, sample the spectacular high routes of the main range (a car trip or backpack away).
Among the notable places to visit in the Pyrenees nearby are the Pic Du Midi (2877 metres) with its observatory, the very popular 'Cirque De Gavarnie' (one of the many UNESCO natural World Heritage Sites in the Pyrenees) with the Brèche de Roland- an impressive 100 m high natural gap at 2804 m; and the Nature Reserve of Neouvielle with over 60 lakes, including Lacs de Bastan. Much, much more information available on request!
Outdoor Activities in the Area include:
Walking (all levels)
Whitewater rafting and kayaking
Rock Climbing
Adventure Trails
Cycling and Mountain Biking (latter not possible within the Pyrenees National Park)
Horse Riding
Skiing (all types)
The area has a great variety of Prehistoric Sites and Caves, including the 'Grottes de Médous', 'Grottes de Betharram' some of the most famous in Europe, and the the cave drawings of Maz d'azil and Niaux. The Prehistoric Park at Tarascon sur Ariège is a day trip away. The caves of Gargas are worth a visit: more than 200 mutilated hands are painted on the walls and still remain a mystery to researchers. Other caves are also worth visiting because of their dramatic stalagmite and stalactite formations - one will take you on a guided boat tour through them!
Apart from the many Castles in the area, there are numerous Chapels, Churches, Abbeys, and Cathedrals of interest. The nearest is the Cistercian Abbaye de l'Escaladieu (10 minutes drive), founded in 1143 and set in glorious countryside, which attracts a lot of visitors and holds regular exhibitions and concerts.
About 1.5 hours away, there are the Cathedrals of the Comminges, Saint Bertrand and Saint Lizier. Saint Bertrand of the Comminges holds a high quality Classical Music Festival during the summer. Another very famous music festival is the International Jazz Festival in the little town of Marciac, popular for its narrow medieval streets as well as its music. Bagnères de Bigorre holds a Festival of Voice' during the summer - a tribute to all kinds of song, from baroque to folk. The Piano-Pic Festival in July, organises concerts with international artists in the heart of the mountains, on sites where music, architecture and the beauty of the mountains combine.
The Pyrenees were as well the land of the Cathars (XI to XIV), a community based on a form of Christianity which was ferociously repressed by the Catholic authorities of the time. The Castles of Montségur and Foix, were the last strongholds of the Cathars and are a day trip away.
Historic Towns to visit include the lovely town of Carcassonne, with its famous 'Cité', surrounded by fortified walls, and Lourdes, an hour away. And there are, of course many Museums in the area. Finally, there are many Village Festivals
This form is for genuine enquiries only. Your IP address will be recorded
This page was last updated: 22 October 2012


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Review: Bellroy iPhone 6/S Case
I had a craving to put a leather case on my 2 month old iPhone 6S, knowing full well that the iPhone 6 form factor will most likely change with the release of the iPhone 7 next fall. After my experience with the Product (RED) leather case for the 5S and a black Apple Leather for the 6S, Apple's offerings left me underwhelmed and looking elsewhere. Enter Bellroy.
Mostly known for their product line of thin leather wallets (one of which I own), Bellroy now.offers a variety of smartphone cases with and without storage for items such as cash and plastic cards. Since I already own a separate iPhone 6/s wallet case, I decided to purchase the basic iPhone 6 case in a shade of red Bellroy calls Tamarillo. Bellroy also offers the case in Black, Blue Steel, Java (Brown), and Charcoal.
The case is a basic snap on that covers the top and both sides of the iPhone, leaving the bottom exposed to accommodate various plugs, chargers, docks, etc. The case feels very good in the hand (I'll get to the leather below). Compared to the Apple offerings, the Bellroy case feels and looks thinner. Even on a 6S, which is slightly thicker than the 6, there is a very slight lip which provides just enough lay-on-the-table protection to allow putting the phone down without worry of the screen touching the surface. The lip is not intrusive when touching the edges of the iPhone.
Being a leather case, the quality of the leather used and it's durability certainly come into play over the long term when using the case. As I mentioned above, I had purchased an Apple leather case for the 5S in Product(RED), and the aniline leather and coloring wore really badly, even after a couple of weeks. Some people like a "worn" look when it comes to leather, but in the situation with the Apple leather case, over the span of a couple of weeks, it became downright nasty looking. Even the Black leather Apple case I have for the iPhone 6, after several months became course and rough looking. It's the nature of leather, I get it. The leather used on the Bellroy case is very soft and feels good to the touch (even a little slippery). It should be noted that the back of the case is leather with the sides being a similar colored polycarbonate (plastic). One can hardly notice the transition from the leather back to the polycarbonate sides. Only a seam in case that runs the length of the sides can really identify where the leather ends and the polycarbonate begins. Overall, the look is very clean and classy. Bellroy states in their product specifications that the leather used is "vegetable tanned" which doesn't say much for its durability over the long haul. Only time will tell how this case holds up with daily use.
In terms of control access, the power, volume buttons, and mute switch are easily accessible. Not a surprise given the thinness of the case. The camera opening also includes a black out ring border to help minimize flash issues.
In summary, the Bellroy case for the iPhone 6/S is a quality leather case that is nice to hold and looks great. As with most snap on cases, there is a trade off between convenience and bulk versus the amount of protection the case offers. I plan on using the Bellroy case as my primary case for the immediate future. How it holds up in terms of looks and leather quality remains to be seen. Hopefully this case can get me through the next several months until the iPhone 7. Based on my initial use so far, I highly recommend this case for people who are looking for a reasonably priced, good quality alternative to Apple's Leather case.
Bellroy - $49.95
As an avid tech fan I look forward to sharing my tech experiences both personally and professionally with those that have similar interests and passion for technology.
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Nationals catcher Jesus Flores said that Jhonatan Solano is progressing well at Triple-A Syracuse. Solano is batting .293 in 65 games with five homers and 32 RBI, including a .375 hot streak last 10 games. He got to play alongside Solano for a few games while with the Chiefs and was able to get a measure of how well the Colombian receiver is progressing.
Flores said the just turned 26-year old Solano is improving every day on his defense. He has been focusing on blocking pitches softly instead of being too aggressive.
'"When the ball is coming to him he needs to let the ball hit him in the chest softly so that the ball doesn't go to far away from him," Flores said. "He is working on all that stuff that will make him better defensively. That will help him become a complete player."
Flores said Solano is one of the many examples catching depth in the organization. He has seen the talent build up since arriving in 2007 and rehabbing in Florida during spring training with a lot of these guys as teammates.
"We really have a lot of potential in that position," Flores said. "Almost everyone can hit the ball well with power. We have great arms. Pitchers and catchers are two of the positions we are doing really well at finding talent."
Nationals reliever Cole Kimball was in the clubhouse at Nationals Park, now over a month past rotator cuff surgery. He will be advancing from light physical therapy to more intense physical therapy in the next few weeks.
He says his shoulder is a little stiff but he is not in pain. He can drive a car but feels it sometimes when he sleeps on his side the wrong way.
Kimball plans to head to Florida in February to find a place and continue rehab there. He expects to be able to start baseball related activities hopefully by the end of spring training.
He still plans on a return around All-Star break 2012 but is motivated by watching Jordan Zimmermann and Stephen Strasburg make good progress after Tommy John surgery, even though it is a different injury.


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By Barbara Small
View all articles by this author
Balancing the demands of caring for another and taking care of one's own physical, mental and emotional health is essential for family caregivers. It is hard to predict when caregiving might become part of your life and, when the time comes, the additional tasks are often squeezed into an already busy life packed with the responsibilities of children, spouse, work and daily chores. Many caregivers take on this new role without letting go of anything else and, predictably, end up exhausted and burnt out.
Balance is important in order to stay healthy on all levels. "Just as your car runs more smoothly and requires less energy to go faster and farther when the wheels are in perfect alignment, you perform better when your thoughts, feelings, emotions, goals and values are in balance," says best-selling author and professional speaker on human potential Brian Tracy.
Maintaining personal wellness is just as important as anything you do for someone else. Think of the possible effect of neglecting to take care of yourself might have on the person you are caring for. If you get sick, who will take care of the two of you? It is not selfish to focus on yourself. Make your health and wellness a priority.
Take a few minutes to complete this exercise. Divide a sheet of paper into two columns. On the left side, make a list of all the people, activities and responsibilities that drain your energy. These include things that stress you, frustrate you, worry or anger you, and might include the barking dog next door, the bills that need to be paid or your chronically sore back. Focus on all areas of your life, not just in your role as caregiver.
In the right-hand column, list all the people, activities and things that energize you, things you are passionate about, that interest you and you enjoy. Include activities you used to do, but might not take time to do anymore. These might include having coffee with friends, buying flowers or watching a funny movie.
When completed look at the two lists and consider the following:
How might you reduce, eliminate, change or minimize the draining impact of the items on the left-hand list? It might mean letting go of expectations or asking for help.
How can you include more of the items on the energizing list into your life? By choosing to be with the people who bring you energy or participating in activities that feed you emotionally, physically or psychologically, your life will be more enjoyable, your energy will increase and you will be able to function more effectively in your caregiving role. You will be more patient, less frustrated and more able to set priorities and problem solve.
Finally, choose three items from the energizing list you will make time for in the next couple of weeks. Make a commitment to both yourself and the person you are caring for.
Creating balance in your life and practising good self-care allows you to care for another without lowering the quality of your own life. Everyone benefits.
Next month: Are you new to caregiving?
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November 2017 INSPIRED Senior Living


text: Who in your opinion has had the greatest impact on the landscape lighting business in the past ten years and why? I'm going with Nate Mullen because it seems he and his inventions are the most duplicated and imitated out there. You know what they say- imitation is the greatest form of flattery.


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Whistle While You Work – Six Tips To Make Your Week A Little Brighter
Six techniques to make your work week a little brighter…
How To Change The World One Heart At A Time
There are a lot of things that aren't right in the world. But is you start seeing the bad stuff as opportunities for you to use your skills and talents to give back, you can fix it.
Shifting Your Perspective is a Great Way To Overcome Loneliness
I think it's safe to say we've all felt lonely at one time or another. Here are some points to make you feel better.
The Best Things About Summer – Delilah Shares
Summer is here and Delilah's Listeners shared some of their favorite things about the season.


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It is few months since A J Back Pain Clinic is functioning at A J Hospital & Research Centre, treating all back pain complaints such as neck pain, upper & lower back pain. Upper and lower back pain is very common and people tend to ignore. A timely check-up can prevent long term consequences. To cater to people suffering from back pain, A.J. Hospital & Research Centre is conducting BACK PAIN CHECK-UP CAMP from 18th to 30th April 2016 at the Hospital Out Patient Department between 2.00 pm and 4.00 pm. People with the following problems can avail the camp benefits:
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Back or neck pain that hasn't been helped with standard pain treatments.
Post-surgery or fracture pain.
Change in walking pattern.
Features of the camp:
– Registration, consultation & X-ray FREE.
– 25% discount on CT and MRI.
For registrations, please contact: 0824 6613252 between 9.00 am and 5.00pm.


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General Question
How does reducing inflammation promote healing?
Asked by nikipedia (27454) May 6th, 2010
The usual advice for two common running injuries, shin splints and tendinitis (which I think may actually be the same thing?) involves reducing inflammation by icing and taking ibuprofen.
I was under the impression that inflammation was evidence that your healing processes were at work. So why would you want to reduce it?
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A dozen or so days ago, I kicked off a discussion in the blogopshere around the practice of relying heavily on internal links, even when external links to the source of news would likely serve a reader better. A few weeks into it, the debate is still raging, not just here, but elsewhere.
Two well-respected bloggers, Jeremiah Owyang of Forrester Research, formerly of PodTech, and Muhammad Saleem, have added their own comments. As you can expect, given that there seems to be no "one right answer" to this discussion, their findings are quite different.
Jeremiah, in a post titled "Linking Strategy and why Back Linking is OK", says, "If your content (on your own website) can add more value linking elsewhere, than it's certainly ok to do this."
Muhammad, in a post titled "Do you link in or link out?", says, "By linking to other sources you can either use them to back up your own argument or provide your readers with another viewpoint to consider and come to their own conclusions."
To resummarize my comments from before, I have zero problems with referring to old notes on a similar topic. I do it all the time (as in my first link above). But if an external hyperlink would add more value, or lead a reader to the source of the story, that makes more sense than the growing practice of dumping visitors into a random archive page or keyword search results.
Additional comments since my last update can be found from Michael Coates, The Last Podcast, The Net Takeaway, and Daily Grumble.


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Missing teen's body found in national park
Police say the body of a missing Canberra teenager has been discovered in Namadgi National Park.
Dennis Keogh, 19, was last seen leaving a house in Banks two weeks ago.
There were no suspicious circumstances surrounding his death.
ACT Police and the Coroner's Office are making preparations for a coronial inquest.
Topics: police, banks-2906


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American Harmony Trailer (2009)
"The story of three very different quartets, each on a mission to win the most prestigious singing competition no one has ever heard of." 01 May 2009 Factual, Music
Every year thousands compete in the world's greatest singing competition - that you've never heard of. AMERICAN HARMONY journeys deep into the ultra-obsessive, zany, and heartfelt world of competitive barbershop singing, where passion is equaled only by raw talent, and the reward is not fame or fortune, but simply victory. The film focuses on four quartets vying to win the International Championships of Barbershop Singing, in what turns out to be the closest and most controversial victory in its 70 year history. Max Q is the heavy favorite - a superstar quartet comprised of former Champions. Looking to upset them is OC Times (The Heart-Throbs), Vocal Spectrum (The Rookies) and Reveille, an aging foursome who that has been together for 30 years. In total, fifty quartets duke it out for the coveted gold medal, while facing the pressures of quartet life - from big egos to brain cancer and everything in between. - Written by Colin King Miller
Watch the official American Harmony 2009 trailer in HD below or find more American Harmony videos on Vidimovie.


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Q&A with Jan David Winitz Founder of Claremont Rug Company
This international rug gallery caters to today's highend home furnishings shoppers who do not view their purchases as luxury items, but as art pieces that fit into their lifestyle.
The only Oriental rug company ever honored as Robb Report's "Best of the Best."
One of the world's best sources of antique carpets. – Financial Times
Click the icon for complete instructions.
Once logged in, use the "Create/Manage Wish Lists" button to create one or more Wish lists from any page of our rug galleries. You can also delete existing wish lists from this window.
From the Thumbnail Page: While browsing rugs in our gallery, use the "+" symbol located in the lower left of the thumbnail image of a rug you want to save. A screen will appear that allows you to add the rug of interest to a particular wish list you have created. Simply check the box for the wish list you want the rug to reside on.
From the Single-Rug Page: Alternatively, if you click a thumbnail to see the whole rug image, you can add the rug to a Wish list also by using the dedicated Wish list button at the bottom right of the screen. (It is this single rug page that allows you to also manage, add notes and ratings as well as share with a friend as described below.)
It is also possible to create notes and save a "five-star" rating from the whole rug screen at the bottom of the column on the right.


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The Silentnight Geltex collection of divan bases and mattresses provide excellent comfort and support. The stylish upholstered platform bases with optional storage are topped with pressure relieving Gel-Tex foam mattresses that keep you cool and comfortable all night long. The mattresses have a supportive edge to edge Miracoil spring system, ensuring weight is distributed evenly.
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To continue browsing Furniture Village, please install the latest version of any of the browsers listed below.


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First you need some el wire. I got some cheap stuff from ebay, this instructable uses a 1m length, which was around ?3 and didn't need any trimming. Next a cassette tape - I picked up a 3-pack of new tapes for ?1 at the car boot, which saved a trip into the loft and spending hours deciding which precious mix tape to sacrifice. With the cassette dismantled and the tape itself discarded we're ready to start making, superglue at the ready!
Step 2: Routing The EL 'Tape'
I started by deciding where the power lead would enter the cassette body - I chose the end so it could dangle like a pendant.You need to cut a hole for the power cable, then decide where to start wrapping the wire around the reel. It's easiest to glue the reel to the cassette body first, then stick the el wire to it bit by bit.With a turn or two on one side it's time to route the wire through the cassette body to the other reel. Unsurprisingly el wire is thicker than magnetic tape - I found it easiest to cut small bites out of the cassette body with a rotary cutting tool to make sure the el wire followed the same path as the tape but would still allow both halves of the cassette to close fully together.
Step 3: Finishing Off
It's easiest to stick the wire to the second reel outside of the cassette body, winding and sticking bit by bit until all the el wire is used.At this point the completed reel of el wire can be put in place and the cassette reassembled. This took a bit of jiggling but the earlier work with the cutting tool meant the el wire wasn't excessively pinched or stretched.


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Visteon Corp. (NYSE:VC)
Q4 2008 Earnings Call
February 25, 2009 09:00 AM ET
Steven Ward - Director of Investor Relations
Donald J. Stebbins - Chairman and Chief Executive Officer
Bill Quigley - Executive Vice President and Chief Financial Officer
Good morning and welcome to the Visteon Fourth Quarter 2008 Earnings Conference Call. All lines have been placed on a listen-only mode to prevent background noise. As a reminder, this conference call is being recorded.
Before we begin this morning's conference call I would like to remind you this presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not guarantees of future results and condition, but rather are subject to various factors, risks, and uncertainties that could cause our actual results to differ materially from those expressed in these statements. Please refer to the slide entitled 'forward-looking statements' for further information. Presentation materials for today's calls were posted to the company's website this morning. Please visit www.visteon.com/earnings to download the materials if you have not already done so.
I would now like to introduce your host for today's conference call, Mr. Steve Ward, Director of Investor Relations for Visteon Corporation. Mr. Ward, you may begin.
Steven Ward
Thanks, Carrie, and good morning, everyone. Joining me on the call today to review our fourth quarter and full year 2008 results are Don Stebbins, our Chairman and Chief Executive Officer and Bill Quigley, our Executive Vice President and Chief Financial Officer.
As mentioned in our press release issued earlier this morning in view of the volatile macro environment and industry conditions, Visteon has decided not to provide guidance for future periods. Accordingly following today's presentation of financial results we will not be conducting a question-and-answer session.
I'd now like to turn the call over to Don.
Donald J. Stebbins
Thank you, Steve, and good morning. During today's presentation I'll review the company's overall performance and then turn it over to Bill for the financial review.
On our third quarter call we said, we anticipated continued production weakness in the fourth quarter. However, the speed, the severity, and the breadth of the change greatly exceeded our expectations. Nearly every OEM in every region experienced significant sales and production declines during the last three months of 2008. And as a result the collapse of the global automotive market in the fourth quarter had a significant impact on Visteon's financial results.
Although volume reductions dominated the news in the fourth quarter, the end of 2008 also marked the successful completion of Visteon's three year improvement plan. As you may recall we set out in early 2006 to restructure our business and fundamentally change our company. I am very pleased to report that we completed the plan ahead of schedule and with greater savings and at a lower cost than initially planned. I give credit to the entire Visteon team for the work that they have done to achieve this difficult task.
For the fourth quarter 2008 product sales were $1.5 billion down 43% or about $1.2 billion from a year ago. This decline was primarily driven by the significant reduction in vehicle production, unfavorable movements in currency, and plant divestitures and closures.
We have accelerated our cost reduction efforts in light of the current production environment. We are ahead of where we had planned to be on our salary census reduction announced in October and we continue to take action on all elements of our cost structure. These actions will allow us to be more competitive at lower volume levels and to leverage the savings associated with our three year plan. Finally we ended the year with a cash balance of $1.18 billion.
Turning now to slide three, where we mentioned the fall-off in the global vehicle production in the fourth quarter. As you can see the production disruptions were significant, quick, and broad based. Most automakers were hit by the economic conditions that swept quickly across all markets. Visteon like virtually every other supplier was adversely impacted by these swift and sustained production cuts.
Slide four, presents our consolidated product sales by customer for the full year 2008 and 2007. Overall for 2008, sales were down $1.6 billion from last year with the vast majority of declines coming during the fourth quarter. About $1 billion of the total revenue decrease was expected and as explained by plant divestiture and closure actions taken as part of the plan. Bill will provide more detail of the revenue changes in his financial review.
As you can see our customer base continues to diversify. Sales to Ford in 2008 were $3.1 billion and account for 34% of our sales, down from 38% of our sales in 2007. Hyundia/Kia sales were $2 billion and account for 22% of our revenue, a slight percentage improvement from 2007. Sales to Nissan in North America declined to less than $400 million during 2008, a 42% drop from 2007. Total sales to Renault/Nissan account for 9% of our revenue. Sales to PSA are just over $500 million and account for 6% of our revenue, a slight percentage improvement from 2007. Combined sales to General Motors and Chrysler were about $450 million, and together account for about 5% of our revenue.
Slide five shows our product sales by region. Sales in all three regions in 2008 were lower than 2007 owing to reduced volumes along with plant closure and divestiture activity. European sales now constitute 41% of our revenue up from 38% in 2007. North America declined by 6 percentage points and now accounts for 24% of the Company's total sales. More of our divestiture and closure activity was in North America in 2008.
Our Asian share of revenue increased 3 percentage points and now represents 30% of total consolidated sales and account for about $2.6 billion. On the bottom of this slide is the regional split of our non-consolidated sales which increased 12% to just over $1.8 billion.
At Visteon we have never lost sight of being an innovative company focused on helping customers distinguish their vehicles. This is evidenced by the content we have on some of the newest and hottest vehicles on the road today. Many of these vehicles were showcased at the recent North American International Auto Show here in Detroit.
On the truck side, we have content on the Ford Escape Hybrid that ranges from Climate to Electronics products and we continue to provide enabling technologies and products that assist our OEM partners in their green initiatives. We also have complete Climate and Powertrain Cooling System on award winning Hyundai Genesis and additionally we provide the instrument panel on this vehicle. There are many other examples of innovative Visteon products and technologies that enable our customers to offer the best vehicles in today's very competitive environment. We are presently working with several customers to showcase products ranging from improved CO2 climate systems to in vehicle systems that integrate the best new ideas in consumer electronics.
Slide seven shows several recent quality and innovation awards that the Visteon team has won. As you can see, customers and industry groups around the world, recognize Visteon for the superior products we design, engineer and manufacture. The breadth of these awards across all of our product groups and all of our regions are a testament to our global technical ability.
In addition they confirm our position as a relevant partner in the global automotive industry. During these very difficult times we remain committed to our customers and value these awards as recognition of our astounding teamwork and automotive intellect.
Slide eight shows our new business wins for 2008. Our wins were $680 million and reflects strong balance across product lines and regions. The events that unfolded during 2008 caused our customers to reassess their future vehicle cycle plants, in doing so they have deferred or cancelled many programs that had been set to be awarded in 2008 and consequently our wins of $680 million were lower than the past couple of years.
On a product line breakup, Climate made up 47% of the wins, with Electronics at 32% and Interiors at 21%. Our regional split of the wins continues to show good balance with the major regions about evenly split at roughly one third each. Our re-win business, that is re-winning the product sourcing arrangement where we are the incumbent totaled a record $1.3 billion, whereas new business is conquest business and important to our strategy of growth and diversification. The re-win of existing business demonstrates our customer satisfaction with our product, service, and manufacturing capabilities.
As shown on slide nine, we continue to perform strongly in several key operating metrics. Despite the turbulent production environment, we were able to improve or maintain all key operational metrics. We've improved quality as measured by customer reported effective parts per million by 36% at the same time our safety performance was maintained at our best-in-class levels.
Premium costs down significantly year-over-year reflecting improved launch performance. For 2008 premium cost were $18 million, down about $32 million or 64% from 2007. Finally, CapEx spending of $294 million was significantly lower than prior year levels. The reduced spending of about $80 million reflects timing of new program launches and increased diligence to reduce our expenditures during this difficult environment.
Slide 10, loss will be familiar to many of you, as we shared an earlier version of this in January of 2008, in relation to our three year plan. While the top half of the slide appears similar there are few important points.
First, we are previously anticipating completing the four planned actions in 2009. The 12 facilities that we addressed in 2008 reflect the 8 that we're originally planned plus the pull ahead of the 4 actions that were planned for 2009.
The second item that I would like to point out is the cumulative growth savings in the upper right hand corner at $500 million. Our plan had projected savings of $420 million, so we have exceeded these by over $80 million. And then finally the tables at the bottom show the timing and the amount of savings from the plan. We have been able to accelerate and increase the amount of savings compared with our original plan.
Slide 11, provides details on our manufacturing workforce. As of December 31, we had just over 25,000 manufacturing employees globally, which represents a decrease of 15% since the end of the third quarter and a 27% decrease since the end of 2007. We have been very proactive in flexing our workforce requirements during a period of rapid and unpredictable change in the vehicle production environment. As shown on the table our workforce efficiencies result from both the divestiture and closure actions in our three year plan along with efficiencies only in reduction of production schedules.
As we have discussed in the past we've shifted our manufacturing footprint to match our customer base globally. We continue to align our headcount to match lower production levels and to consolidate facilities when practical. Both speed and flexibility are crucial in today's environment and our current manufacturing workforce and footprint reflect this.
Turning now to slide 12, we've also been reducing our salary headcount while also moving certain positions to lower cost countries where appropriate. In October we had announced the plan to reduce our salary census levels by 800 persons around the world in response to lower production volumes. In light of the sharper downturn, we now expect that the actual separations will be over 1000 individuals.
Our salary staffing level at the year-end was 5900 and reflects a 6% reduction from third quarter levels and a 14% reduction since 2007. As indicated in our third quarter presentation, 150 of the original 800 separations occurred in the third quarter and additional 475 separations took place in the fourth quarter bringing the total to 625. We anticipate that we will complete this program by the end of March. The total savings from this program are now estimated at $90 million with implementation cost of about $75 million.
Just to ensure that there is no confusion, the census reductions described here and the amounts reflected on the slide are not incremental to the program we announced in the third quarter but rather an expansion of that program. We've been very aggressive in reducing cost and will continue to do so.
Slide 13 provides an update to our overhead cost reduction initiative which we announced in January of 2008. And at that time we had targeted $215 million of gross cumulative savings by 2010, as we further addressed our administrative and engineering expenses. About $80 million of these savings were expected during 2008. Our 2008 overhead cost finished the year down over a $160 million or 14% from last year. Over the past two years, we have been successful in reducing these costs by $270 million or 22%. We remain committed to taking the necessary actions to reduce costs.
Now turning to slide 15, in addition to the salary census reductions, we are taking additional cost reduction actions across all aspects of our business. We have initiated measures across all Visteon facilities globally, that include workforce reductions and a hiring freeze, elimination of certain compensation adjustments, and reductions in other selective benefits. In the United States we have reduced salaries for our South Eastern Michigan employees and suspended our 401(k) match. Additional benefit programs like our tuition assistance program have also been eliminated.
In Europe actions include moving to four day work weeks, voluntary separations and unpaid time off. These reductions are taken... are not taken without serious deliberation by the Visteon Management Team. We understand the hardships that can be caused by these actions. However in today's economic environment we are proactively examining the best way to flex our cost structure and preserve our core strengths and capabilities.
And I'd now like to turn it over to Bill.
Bill Quigley
Thanks Don. This slide provides a summary of our fourth quarter and full year financial results as well as the comparison to the prior year on a full year basis.
As Don pointed out earlier in his comments, full year 2008 product sales were just over 9 billion or 1.6 billion lower than the prior year with the vast majority of the decline occurring in the fourth quarter.
While, we did expect sales to be lower taking into account the impact of business divestitures and plant closures completed in consort with our restructuring plan, much of the decline was a result of a severe downturn in the production volumes of our key customers.
2008 full year product gross margin was $456 million, and although we worked to pull ahead our restructuring efforts and implemented additional cost actions to reduce spending levels, these efforts were offset by the sales declines experienced during last several months of 2008, as OEMs around the world quickly reduced output. This resulted in a negative gross margin of 10 million for the fourth quarter of 2008.
In the fourth quarter we also recognized non-cash asset impairment charges for our Interiors' product line of about $200 million. Net loss for the year was $663 million which includes asset impairment charges, tax expense of $94 million, and $63 million of net restructuring and related expenses not funded by the Escrow account.
EBITDA was a negative $62 million in 2008, $13 million lower than the prior year. The decline again largely reflected the sales impact on gross margin partially offset by SG&A cost reduction efforts. Free cash flow was the use of $410 million for the full year. I will address each of these items in further detail in the following slides.
Slide 16 outlines the production volume performance of our key customers for the fourth quarter and full year of 2008. These key customers which comprised approximately two-thirds of Visteon's product sales all experienced production declines in the fourth quarter except for Hyundai/Kia each of our customers experienced double digit declines. Hyundai/Kia and Ford of Europe represented approximately 40% of Visteon's full year 2008 sales.
Hyundai/Kia production volumes were down slightly in the fourth quarter, yet still higher on a full year basis. Ford of Europe production volumes were 25% lower in the fourth quarter, more than offsetting an increase in production through the third quarter of 2008. Ford North America production was lower by 21% in 2008, PSA down about 11%, and Nissan truck production was lower by 47%. Nissan alone was down over 80% in the fourth quarter.
Finally, GM and Chrysler platforms for which we have significant content were lower by about 4% during the year and combined for about 360 million of sales.
Slide 17 provides comparisons of our product sales for both the fourth quarter and full year as well as the distribution by region. 2008 full year sales were 9.1 billion, a decrease of 1.6 billion compared to 2007. Sales were lower in every region with the most significant decline in North America, where sales declined by over 1.1 billion. North America represented 24% of total sales versus 30% a year ago, while Europe and Asia account for 41% and 30% respectively of total 2008 sales.
The bottom of this slide provides the key drivers of the change in sales on a year-over-year basis. Favorable currency increased full year sales by 172 million, but the impact was negative in the fourth quarter reflecting the strengthening of the U.S. dollar against major currencies. As expected, divestitures and plant closures decreased full year sales by just over 1 billion. Significant plant closures include Bedford, Chesapeake, Concordia and Connersville and two facilities in Germany.
Divestitures include the sale of the North American aftermarket business and the Swansea and Halewood plants in UK in 2008 as well as the starters and alternators business in India, which was completed in the later part of 2007. After taking these items into account, sales were lower in all regions reflecting the impact of significant reductions in customer schedules. The most significant decrease was in North America where full year sales decreased 543 million, with more than half the decrease occurring in the fourth quarter.
Full year sales in Europe and South America were lower by 388 million, almost all of the decrease occurring in the fourth quarter. While full year sales in Asia, did increase 127 million fourth quarter sales were lower by 70 million. The severe reduction in sales experienced in the fourth quarter of 2008, had a significantly adverse impact on our gross margin performance as outlined in the next slide.
Product gross margin in the fourth quarter was negative 10 million and positive 201 million for the full year. Through the third quarter of 2008 gross margin had improved from the prior year by a 100 million, yet fourth quarter gross margin was lower by 211 million, resulting in a full year reduction of a 111 million. Again volume and mix was a dominant driver impacting year-over-year gross margin comparisons as highlighted at the bottom of this slide.
In the fourth quarter, the entire 211 million decrease in margin is a result of lower customer production volume. For the full year volume and mix reduced margin by about 299 million.
Gross margin was also impacted by a number of factors that were restructuring related. Divestitures and plant closures reduced full year margins by 135 million, 42 million in the fourth quarter. Restructuring related items, which includes curtailment gains, accelerated depreciation expense, and asset dispositions improved full year margin by 60 million, including 23 million in the fourth quarter.
Currency was favorable on a full year basis, yet reduced gross margin by 24 million in the fourth quarter. Favorable net cost performance of 232 million, 65 million in the fourth quarter was an offset to the volume impacts. As indicated earlier this performance includes the impact from our restructuring and cost reduction efforts.
Slide 19 summarizes our product group segment results for the fourth quarter. Climate sales in the quarter were 587 million, lower by 275 million compared to 2007, and gross margin was 16 million or about 2.7% of sales. Gross margin as a percent of sales was 7.5 points lower than a year ago; unfavorable volume was driven primarily by lower Hyundai/Kia and Ford North American production.
Special items, primarily the non-recurrence of the 2007 curtailment gain related to Connersville also had an unfavorable impact. Net cost performance, including restructuring savings related to the closure of Connersville as well as significant manning reductions in our Mexican operations, did provide an offset to the impact of lower volumes.
Electronics sales in the quarter were 526 million, lower by 425 million compared to 2007 and gross margin was negative 24 million. Volume includes the impact of lower production in the quarter as well as customer sourcing actions in North America for which we have highlighted in previous updates.
Special items included a curtailment gain of 20 million related to workforce reductions completed in our North Penn manufacturing facility. Interior sales were 454 million lower by 409 million compared to 2007, and gross margin was negative 12 million.
Special items include the non-recurrence, of favorable commercial claims received in 2007. Net cost performance including lower engineering, program launch cost and restructuring savings did improve Interiors' margins in the quarter.
Slide 20, summarizes our product group offering results on a full year basis, and while net cost performance was positive in each of our product groups on a full year basis, the impact of buying a mix, most notably the significant reduction experienced in the fourth quarter of 2008 more than offset these improvements.
Slide 21 summarizes SG&A for the fourth quarter and the full year. SG&A expense totaled $111 million in the fourth quarter and $553 million for the full year or about 6.1% of product sales. Full year expense was $83 million lower than the prior year and the key drivers of the changes are highlighted at the bottom of the slide.
Net cost efficiencies have reduced SG&A spending throughout the course of the year, totaling a $102 million for the full year and $39 million in the fourth quarter largely reflecting salary headcount reductions completed during the course of the quarter as well as other cost savings measures we implemented including early shutdown of our U.S. headquarters' operations in December.
Earlier this year we also discussed the need to incur one time implementation costs associated with our overhead cost reduction efforts principally around rightsizing our information technology cost structure. These costs totaled about $25 million for the year.
Incentive compensation, decreased SG&A by 20 million for the full year, 31 in the fourth quarter alone. This decline included the impact of stock based expense reflecting the change in our stock price. Currency did increase SG&A by 9 million for the full year yet was favorable in the fourth quarter and all other principally reflects the one time benefit of the receivable recovery from a former customer in 2007 that had previously been reserved for offset by a 9 million curtailment gain.
Slide 22 provides an overview of restructuring charges for the fourth quarter as well as the net impact on cash flow of such actions for the quarter as well as the full year. In the fourth quarter, we recognized 51 million of restructuring and other reimbursable charges related to salaries and manufacturing staffing reductions, of which 32 million were eligible for reimbursement from the Escrow account.
At the end of the year, the remaining balance in Escrow account was 68 million and there was an outstanding receivables due of about 7 million for charges yet to be funded from the account. As we discussed throughout the year the timing of our restructuring actions and Escrow account reimbursement has a significant impact on our cash flow and is highlighted in detail at the bottom of the slide.
The net impact of restructuring on our fourth quarter cash flow was a positive 26 million, representing cash received from the Escrow account of 50 million partially offset by cash payments to fund actions of 24 million. The net impact on cash flow for the full year was an outflow of 17 million. This compares to a cash inflow of approximately 10 million in the fourth quarter of 2007 and 99 million for the full year 2007. So, in summary the timing of Escrow account reimbursements and cash outflows to settle restructuring actions resulted in a year-over-year cash flow use of 116 million.
This slide summarizes our income tax provision and cash taxes for the fourth quarter and full year. Full year taxes were 74 million higher than the prior year. As the chart illustrates, a significantly reduced OCI benefit contributed $91 million to the year-over-year increase. This reduction in benefit is principally attributable to significantly less pre-tax income from changes in OCI compared to a year ago, which limited our ability to tax benefit current year losses.
The mix and source of income, and loss in jurisdictions where we continue to accrue and pay tax also contributed to the overall increase in tax expense. These increases were offset by reductions and reserves for tax positions related to certain of our transfer pricing initiatives. Cash taxes in 2008, were about 86 million slightly less from the prior year.
Slide 24 provides EBIT-R comparisons for the fourth quarter and full year. EBIT-R in the fourth quarter was negative 94 million, was negative 62 million for the full year. The year-over-year drivers of the change in EBIT-R are also highlighted in the bottom half of this slide. Fourth quarter EBIT-R was 109 million lower than a year ago while full year EBIT-R was lower by 13 million. This comparisons reflect the impact of the items I previously discussed and are highlighted at the bottom of the slide.
Slide 25, summarizes our free cash flow performance for the fourth quarter and full year 2008 with comparisons to the prior year. Free cash flow in the fourth quarter was the use of 27 million, 214 million lower than last year. And although our operating results were negatively impacted by the rapid decline in our fourth quarter sales, trade working capital provided a benefit. The year-over-year decrease in free cash flows was significantly impacted by increased net loss in 2008. The decrease also reflects the non-recurrence of certain tax items and commercial terms that favorably impacted 2007 cash flow, partially offset by lower capital spending in 2008.
For the full year 2008 free cash flow was the use of 410 million compared to use of 83 million during 2007. On a full year basis the changing cash flow is again explained by the increased loss as well as the change in cash flow related to our restructuring actions.
Slide 26 summarizes our cash balances at the end of the third and fourth quarters. Cash balances totaled 1.1 billion at year end, an increase of about 47 million from the third quarter of 2008. Change reflects a 75 million draw under the U.S. ABL partially offset by a free cash flow use of 27 million and the strengthening of the U.S. dollar which lowered cash by 17 million.
At the end of fourth quarter we had about 56 million in availability under our U.S. ABL in European securitization facilities. Since then we drew 30 million under the U.S. ABL in January 2009, which was substantially all that was available at that time. Debt balances increased at year end in the third quarter by about 173 million reflecting the 75 million draw under the U.S. ABL as well as the change in the fourth quarter accounting for amounts drawn under Europe securitization facility of 92 million which we discussed in our third quarter call.
Now we will turn the call over to Don, for closing comments.
Donald J. Stebbins
Thanks Bill. As you're all aware we are in the middle of an extraordinary time in our industry. At this time we're fortunate to have successfully completed our three year restructuring plan and have a group of talented employees who are focused on moving us through these very difficult times. We expect the Global Automotive production levels will remain extremely challenged and uncertain throughout 2009, and as a result we continue to work to address the significant operational and liquidity challenges presented by this environment.
As a result of this uncertainly and our ongoing work and as Steve mentioned in his opening comments we have decided not to take questions today. We appreciate you joining us today on the call.
Steven Ward
Thank you, everyone for attending our presentation today. This concludes our conference call and Kerry you may now close the call.
Once again, thank you for your participation. This concludes today's conference. You may now disconnect.
Question-and-Answer Session
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Takeaways From Samsung's Guidance
Samsung offered upbeat profit guidance in a sign that its steep decline in earnings over the past year may be finally ending. While the South Korean tech giant continues to suffer from weak smartphone demand, its sales of the chips and mobile screens used in smartphones and electronic gadgets remain strong. Here are five things to take away from what Samsung said.
Samsung says its third-quarter operating profit likely jumped 80% from a year earlier to about 7.3 trillion won ($6.3 billion), while sales likely rose 7.5% to 51 trillion won. While the company didn't disclose the reasons for the jump in earnings, analysts say strong sales of chips and mobile screens likely lifted the bottom line. The numbers also beat analysts' forecast.
Samsung's mobile division likely performed better in the third quarter than a year earlier as it has been streamlining its smartphone lineup to cut costs while introducing its flagship models faster to combat competition. In August, it introduced two new flagship phones – the Galaxy Note 5 and the Galaxy S6 Edge Plus. But analysts said margins were under pressure because it had to spend heavily to promote the new phones that compete with the likes of Apple's large-screen iPhones.
The component business is benefiting from supply shortages and firmer pricing. Samsung's mobile unit likely posted an operating profit of about 2 trillion won, analysts estimate, up from 1.75 trillion won a year earlier. This compares with an estimated operating profit of more than 3.5 trillion won expected from the company's chip unit.
Samsung, which gets paid for components mostly in U.S. dollars, likely benefited from the stronger U.S. currency in the quarter. Samsung makes more in monetary terms when sales of chips and screens are translated back into Korean won. At the end of September, the U.S. dollar was worth 1,185 won, a 12% rise from a year earlier.
Shares of Samsung — South Korea's biggest company by market capitalization — jumped more than 6% in Wednesday morning trade after the upbeat guidance. All eyes will now be tuning to see whether Samsung decides to enact a share buyback to boost its stock, which is still down about 8% so far this year.


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Daily briefs of the top Christian news and persecution stories impacting believers around the world.
In today's edition:
- Catholic Church Warns Cell Scientists Not to Play God
- Replacement Memorial Cross Torn Down in Mojave Desert
- EU Calls for Religious Tolerance in Pakistan
- Police Arrest Two Pastors in Karnataka State, India
Catholic Church Warns Cell Scientists Not to Play God
The Associated Press reports that Catholic Church officials met the creation of the first synthetic cell with guarded optimism on Friday. "If it is used toward the good, to treat pathologies, we can only be positive" in our assessment, Monsignor Rino Fisichella, the Vatican's top bioethics official, told state-run TV. "If it turns out not to be ... useful to respect the dignity of the person, then our judgment would change." The Vatican hesitated to call the cell, powered by manmade DNA, "living." "We look at science with great interest. But we think above all about the meaning that must be given to life," said Fisichella, who heads Vatican's Pontifical Academy for Life. "We can only reach the conclusion that we need God, the origin of life."
Replacement Memorial Cross Torn Down in Mojave Desert
The Christian Post reports that a replacement for the stolen Mojave National Preserve cross has been removed after authorities decided it was illegal. The U.S. Supreme Court ruled last month that the original cross could stay at the veterans' memorial, but the cross was stolen shortly afterwards. The replica, which is six inches taller than the original, was removed after park officials said the replacement required government authorization. "This is absurd," ACLJ Chief Counsel Jay Sekulow said. "It's appalling that vandals would remove a cross which has survived a constitutional challenge at the nation's highest court. What's even more troubling is the fact that the federal government is opposed to permitting a replica cross to be put in place."
EU Calls for Religious Tolerance in Pakistan
Christian Solidarity Worldwide reports that the European Union has passed a resolution on religious freedom in Pakistan just as the country banned the popular site YouTube. The resolution comes two weeks before the next EU-Pakistan Summit in Brussels. While showing support for the Government of Pakistan's efforts to improve the situation for religious minorities, the resolution calls for the review and amendment of the controversial blasphemy laws, expressing concern that they "are often used to justify censorship, criminalization, persecution and ... the murder" of minorities. Meanwhile, Pakistan restricted access to a the popular Internet site YouTube because of what it considers sacrilegious content on the video-sharing website. The move came shortly after Pakistan banned Facebook because of a page that invited users to submit drawings of Prophet Muhammad, which is forbidden in traditional Islam.
Police Arrest Two Pastors in Karnataka State, India
ASSIST News Service reports that two pastors were arrested by Karnataka State Police on May 19, a group of Hindu radicals on accused them of forceful conversion in a children's program. Pastors Shanth Kumar, 27, and Nagesh Kumar, 35, had organized a Vacation Bible School (VBS) for the village children for three days and there were about 35-40 children who participated in the program. The arrests occurred after an estimated 30 people belonging to Hindu radical groups Bajrang Dal and Bharatiya Janatha Party forced their way inside the meeting hall to accuse the pastors. The pastors and two teenage students were taken to the Police Station. A court imprisoned the pastors overnight before releasing them on bail. Pastor Shanth Kumar works for Youth Mission Movement and Pastor Nagesh Kumar works for Campus Crusade for Christ.


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Difficulty: 2 Scrambling on low angled terrain of a low technical nature, on snow or rock. Ropes may occasionally be used. Climbers do not need previous experience but do need an ability to move over rough ground. Short steep sections that will require a rope. Basic snow/ice/rock climbing. We recommend that climbers are familiar with ice axe and crampon techniques and/or basic rock climbing techniques although this can often be taught during the trip. Steep terrain that requires moderate level climbing skills on snow/ice/rock. Emphasis on good cramponing skills. Will need experience with rope techniques including rappelling/abseiling and snow camping techniques. Extensive steep terrain. Climber to be capable of following multi pitch climbs and have rope management skills, belay techniques, climbing calls, rappelling/abseiling skills and alpine bivouac and snow camping techniques. Extreme terrain. Climber will have extensive experience on rock or ice and a complete understanding of anchors and protection techniques and a high degree of comfort following longer difficult sections of ice and/or rock in alpine gear with a pack.
Fitness: B A level of fitness sufficient to carry a light pack (10kg/22lb) and be capable of moving for several hours at a stretch with short stops every hour. Training would include regular walking on hills and gym work to develop strength: light running, swimming and biking. Defined as one who exercises regularly although not necessarily to a really high level, capable of carrying a pack weighing 18kg/40lb for several hours. Regular cardiovascular exercise (3-4 times a week gym/bike/stairs) and include pack carrying on rough ground once a week. A high standard of fitness. Capable of climbing with a heavy pack (25kg/55lb) for extended periods in mountain conditions. High level of training specific to climbing that would include heavy pack carrying over rough terrain and other preparation such as regular gym/pool/bike training. Excellent level of fitness from participants who would have an ongoing commitment to training and maintaining fitness specific to climbing. Expect long days in extreme conditions. Preparation would include heavy pack carrying, specific conditioning through rock and/or ice climbing and habitual cardio vascular exercise. - C
6 Days
4,807m / 15,781ft
Learn to climb - and complete an ascent of the highest peak in the Alps at the same time! Initial instructional days include snow and ice-craft training, followed by an ascent of another nearby mountain in preparation for the Mont Blanc summit attempt in the final days of the course.
The Mont Blanc Course and Ascent is also a good option for experienced climbers who wish to brush up on rudimentary skills, as the instructional days are also programmed to deliver vital acclimatisation during the early stages of the course.
Run on a 1:1 or 1:2 ratio, you can come alone or bring a friend to enjoy the exhilaration of a completely new experience and make inroads into the world of mountaineering.
Why AC?
The duration of this programme enables you the most achievable schedule to ensure a correct level of acclimatisation for the final summit climb. The high guide to climber ratio ensures you get more focused attention in the early stages of your training.
Read more
"Just got back today. The overall trip was brilliant, I feel like I've been away from the desk for three months not three weeks!"
Heidi Frisch (Australia)
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Ama Dablam 2017 - Final dispatch
Island Peak 2017 - Last day
Manaslu 2017 - Back in Ktm
Lux EBC #3 2017 - Farewell
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The Yamazaki vs. The Hakushu
Japanese Whiskies are a new love for me, and thanks to a dear friend of mine back in Malaysia, I got to taste my first Hakushu from Suntory back in December, and I haven't looked back since.
This same friend then sent my family a bottle of The Yamazaki 12 Years Single Malt Whisky as a house-warming present when we moved to our home in Auckland some months back, and it's been amazing to be able to compare and contrast two such beautiful, distinct whiskies.
The Yamazaki is Japan's premier single malt with a delicate and elegant taste and layers of complex aromas. It first came into market in 1984 and was the first seriously marketed Japanese single malt whisky. It has a rich flavor and good body, with hints of vanilla, toffee and cloves and what I call 'winter spice' with a smooth, lingering aftertaste. It is easy to see why this whisky has won so many awards all over the world - it is incredibly easy to love (and drink)!
The Hakushu 12 Years Single Malt Whisky on the other hand, is fresher and crisper. There is plenty of fruit on the palate, and it is vibrant and soft at the same time, and so incredibly smooth that it is one of the few whiskies I enjoy drinking straight. This is also award-winning, and has recently won 1st place in the 'Best World Whiskey' Category in the 2015 International Whisky Competition.
It was incredibly difficult to choose a favorite as I thoroughly enjoyed them both, but because I really enjoyed the softness and sweetness of The Hakushu, I'd say this one wins the Suntory Whiskies competition for me.


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Press Release: IMF and World Bank Open Way for US$4.5 billion Debt Relief for Nicaragua under the Enhanced HIPC Initiative
December 21, 2000
The International Monetary Fund (IMF) and the World Bank Group's International Development Association (IDA) agreed to support a comprehensive debt reduction package for Nicaragua under the enhanced Heavily Indebted Poor Countries (HIPC) Initiative. Total debt service relief from all of Nicaragua's creditors is worth nearly US$4.5 billion, or US$3.3 billion in Net Present Value (NPV) terms1, which is equivalent to 72 percent of total debt outstanding after the full use of traditional debt relief mechanisms. This is the largest debt relief package yet committed under the HIPC Initiative.
The impact of HIPC assistance is substantial, and will help Nicaragua build on its strong reconstruction efforts after Hurricane Mitch toward a stable, long-term development strategy. External debt as a percentage of Nicaragua's export earnings will be reduced from 540 percent in 1999 to a sustained level below the enhanced HIPC target of 150 percent. Debt service as a percentage of government revenue falls from 20 percent this year to less than 9 percent in 2007 and declines steadily thereafter.
IDA will provide HIPC assistance amounting to about US$379 million, with interim relief equivalent to 90 percent on IDA debt service due beginning immediately at the decision point. The assistance committed by the IMF of US$81.5 million in NPV terms will be delivered over a 9-year period. IMF will provide interim assistance as soon as satisfactory financing assurances are in place.
Nicaragua will receive the bulk of the assistance under the enhanced HIPC Initiative when it satisfies a number of conditions, including adoption and implementation of a participatory poverty reduction strategy paper (see Annex).
1. Nicaragua
Track record and poverty
Over the past decade, Nicaragua has made important progress in the areas of stabilization and structural reform. Financial policies have been strengthened, price controls eliminated, and foreign exchange and trade systems liberalized. These efforts resulted in a substantially improved economic performance. Inflation was reduced sharply to ten percent annually in 1995-97 and 7 percent in 1999, while output growth recovered strongly, reaching 7 percent in 1999. Similar improvements are seen in investment growth, savings, and job creation.
Nicaragua has also made considerable efforts in social policy critical to sustained poverty reduction, with mixed results. While the number of poor as a percentage of the population has fallen, the absolute number of people living in poverty and extreme poverty has increased. Nicaragua remains one of the poorest countries in Latin America, with almost 48 percent of the population living below the poverty line. Fertility rates are twice the Latin American average, and malnutrition, infant mortality and illiteracy remain at high levels. The government has recently issued a "Strengthened Poverty Reduction Strategy," prepared in consultation with civil society, and setting out a number of priority areas to enable it to achieve its International Development Goal targets by 2015.
Reform steps to be taken before the completion point
Nicaragua will reach its completion point under the Initiative and receive the remainder of its debt relief from all creditors once it has taken a number of actions designed to strengthen economic growth and reduce poverty. It is expected that Nicaragua would take the necessary steps for the completion point by end-2002.These areas include:
- Satisfactory performance under a program supported by a PRGF arrangement and IDA structural adjustment loans.
- Completion and satisfactory implementation for one year of a fully participatory Poverty Reduction Strategy (PRSP).
- Implementation of an agreed set of measures in the context of the government's poverty reduction strategy, with a focus on steps to promote human development and social protection, including increased access to primary education and health care. Other steps focus on strengthening of governance in the areas of civil service reform, public procurement, and reform of the pension system.
- Confirmation of the participation of other creditors in the debt relief operation.
The HIPC Initiative was launched by the World Bank and the IMF in 1996 as the first comprehensive effort to eliminate unsustainable debt in the world's poorest, most heavily indebted countries. In October 1999, the international community agreed to make the Initiative broader, deeper and faster by increasing the number of eligible countries, raising the amount of debt relief each eligible country will receive, and speeding up its delivery. The enhanced Initiative aims at reducing the NPV of debt at the decision point to a maximum of 150 percent of exports and 250 percent of government revenue, and will be provided on top of traditional debt relief mechanisms (Paris Club debt rescheduling on Naples terms, involving 67 percent debt reduction in NPV terms and at least comparable action by other bilateral creditors).
Eligible countries will qualify for debt relief in two stages. In the first stage, the debtor country will need to demonstrate the capacity to use prudently the assistance granted by establishing a satisfactory track record, normally of three years, under IMF- and IDA-supported programs. In the second stage, after reaching the decision point under the Initiative, the country will implement a full-fledged poverty reduction strategy, which has been prepared with broad participation of civil society, and an agreed set of measures aimed at enhancing economic growth. During this stage, the IMF and IDA grant interim relief, provided that the country stays on track with its IMF- and IDA-supported program. In addition, Paris Club creditors, and possibly others, are expected to grant debt relief on highly concessional terms. At the end of the second stage, when the floating completion point has been reached, the IMF and IDA will provide the remainder of the committed debt relief, while Paris Club creditors will enter into a highly concessional stock-of-debt operation with the country involved. Other multilateral and bilateral creditors will need to contribute to the debt relief on comparable terms.
Some three-dozen HIPCs are expected to qualify for assistance under the enhanced HIPC Initiative, the great majority of which are sub-Saharan African countries. Debt relief packages are now in place for 19 countries under the enhanced HIPC Initiative framework (Benin, Bolivia, Burkina Faso, Cameroon, The Gambia, Guinea-Bissau, Guyana, Honduras, Malawi, Mali, Mauritania, Mozambique, Nicaragua, Niger, São Tome & Príncipe, Senegal, Tanzania, Uganda and Zambia), with total committed assistance estimated at more than US$31 billion, representing an average NPV stock-of-debt reduction of some 47 percent on top of traditional debt relief mechanisms.
For more information on HIPC, visit:
1The NPV of debt is the discounted sum of all future debt-service obligations (interest and principal) on existing debt. The NPV of debt is a measure that takes into account the degree of concessionality. It is defined as the sum of all future debt-service obligations (interest and principal) on existing debt, discounted, under the HIPC Initiative, at the market interest rate. Whenever the interest rate on a loan is lower than the market rate, the resulting NPV of debt is smaller than its face value, with the difference reflecting the grant element.
|Public Affairs
|Media Relations


text: Mechanical Contractors, Inc. has been providing HVAC Service through a Preventive Maintenance Contract and repair/replacement services to Roush Racing since 2007. MCI services over 100 pieces of equipment across three separate buildings for the Nascar team to include equipment that provides comfort cooling, cooling, exhaust fans, supply fans, etc. for their Dynometer, engine testing, and other critical testing areas. Through our Preventive Maintenance Contract, MCI is able to:


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No one knew the most gripping Hindi classic tunes better than Ameen Sayani. Geetmala Ki Chhaon Mein:1-5 is a comprehensive audio CD collection that contains some of the most timeless Bollywood soundtracks to have ever been created. This compilation also contains excerpts from Ameen Sayani's popular radio show Binaca Geetmala. One of the most acclaimed Indian radio announcers, Ameen Sayani is renowned all across South Asia. His way of addressing the crowd, i.e., "Behno Aur Bhaiyo", has become a part of popular cultural knowledge. This compilation features evergreen melodies such as Hum Tum Yeh Bahar Dekho Rang Laya, Maan Mera Ehsan Are Nadaan, Nanhe Munne Bachche Teri Mutthi Mein and many others.
1. Jane Na Nazar Pehchane Jigar
2. Afsana Likh Rahi Hoon
3. Pee Bin Soona Ji
4. Bade Armanon Se
5. Ae Gham-E-Dil Kya Karoon
6. Akele Mein Who Ghabrate
7. Tarari Tarari
8. Maan Mera Ehsan Are Nadaan
9. Piya Milan Ko Jana
10. Tere Nainon Ne Chori kiya
11. Jamag Jagmag Karta Nikla
12. Mere Bachpan Ke Saathi
13. Mohe Bhool Gaye Sanwariya
14. Dil Mein Sama Gaye Sajan
1. Yeh Kaun Aaya
2. Bachpan Ke Din Bhula Na Dena
3. Hum Tum Yeh Bahar Dekho Rang Laya
4. Na Jane Kidhar Aaj Meri Nao
5. Main Ban Ki Chidiya Banke
6. Aayega Aanewala
7. Aa Mohabbat Ki Basti Bajata Aaya
8. Mere Piya Se Koi Yeh
9. Awaz De Kahan Hai
10. Main Kya Janu Kya Jaadoo Hai
11. Khayalon Mein Kisi Ke Is Tarah
12. Who Humse Chup Hain
13. Tu Ganga Ki Mauj
1. Milke Bichhad Gai Ankhiyan
2. Chanda Re Ja Re Ja Re
3. Jiya Bekarar Hai
4. Haath Seene Pe Jo Rakh Do
5. Zinda Hoon Is Tarah
6. Sajan Ki Galiyan Chhod Chale
7. Seene Mein Sulagte Hai Armaan
8. Ankhiyan Milake Zara Baat Karo Ji
9. Man Mor Hua Matwala
10. Do Naina Tumhara Pyare Pyare
11. Yeh Zindagi Usiki Hai
12. Tore Naina Rasile Katile Haye Ram
13. Aankhon Se Door Jake
1. Short Flashes from Top 8 Songs of Geetmala's First Hit-Parade
2. Some outstanding songs of 1954 which missed the Hit-Parade
3. Dekho Who Chand Chhupke
4. Gore Gore Haathon Mein Mehndi
5. Aaj Paheli Tankh Hai
6. Zameen Chal Rahi
7. Bol Pardesia Yeh Tu Kya Kiya
8. Nanhe Munne Bachche Teri Mutthi Mein
9. Marna Teri Gali Mein
10. Chahe Koi Khush Ho
11. Hit Nos. 16 to 9 of 1954 (recently re-discovered!)
1. Short Flashes of the Hit Songs No. 16 to No. 9 from Geetmala's Annual Hit-Parade of 1955.
2. Some memorable songs of 1955 which missed the Hit-Parade
3. Aa Neele Gagan Tale Pyar Hum Karen
4. Dil Ka Haal Sune Dilwala
5. Kitna Haseen Hain Mausam
6. Who Na Aayenge Palat Kar
7. Phaili Hui Hai Sapno K Bahen
8. Short Flashes of the Top Eight Hit Songs of 1955
9. Some more songs of 1955 All Fabulous, but missed the Hit-Parade
10. Tasveer Bsnata Hoon
11. Apni Chhaya Mein Bhagwan
12. Ghayal Hiraniyan
13. Jabse Mili Tose Ankhiyan
14. Chand Madhyam Hai
15. Thandi Hawa Kali Ghata


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3DOcean Apartment House #61 Low Poly 3D Model 9750131
3D Model \ Buildings and Architecture \ Buildings
Exterior \ Building \ Objects \ Modeled \ Included \ Dimensions \ Processed
3D Model - Apartment House #61 Low Poly 3D Model 9750131 by Cerebrate @ 3DOcean
3D Model \ Buildings and Architecture \ Buildings
A 3D model of a low poly neoclassical building. Exterior only, no interior.
The 3D model includes a texture that is 2840×1577 in size.
Bump Map included
The objects are modeled using real world dimensions.
The rendered preview images have not been post processed.
Animated: No; Low-poly: Yes; Materials: Yes; Rigged: No; Textured: Yes; UV Layout: Yes; 3D File Formats Included: .3ds (multi format), .fbx (multi format), .max (3ds Max), .obj (multi format); Created In: 3ds max 2012; Geometry: Polygons; Poly Count: 904.
Venice Building #148 Low Poly; Venice Building #147; Venice Building #133 Low Poly Building; Church Roman #84 Low Poly 3d Model; Church Portal Low Poly 3d Model; Castle Walls Low Poly 3d Model; Cartoon Robot Riged.
Keywords: 3d, apartment, architecture, background, building, city, condo, exterior, flat, home, low, model, old, poly, residential, sandstone, structure, town, urban, windows.


text:
For many people at Pierce Point and the rest of Washington State, the upcoming New Year is a time for hope, and belief that life is going to improve and the Collapse will end. For Grant Matson and the 17th Irregulars, the New Year means only one thing - war. The time has come, and they have received their orders from HQ. Grant must come clean with Lisa and tell her the truth about his work as he plans to abandon his family once again. While the Loyalists drunkenly and selfishly celebrate New Year's Eve, the Patriots mount a surprise attack on Frederickson, making way for the 17th Irregulars to move toward Olympia. As the battle moves on, the men quickly realize the importance of everything they have been training for when they find themselves ambushed. Doing everything he can to suppress his own fear and lead the 17th Irregulars, Grant motivates them to persevere as they fight for liberty and restoring the country to the greatness it once was.
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The best one ever.
- blacksmithgirl
So impressed with the narrator
This one was my favorite book in the series when I read the paper back, so I wanted to hear this one first. With Kevin Pierce doing the reading, it is even better. So, so impressed with what Kevin was able to bring to this book series. This is now my favorite audio. Kevin's reading has definitely changed this series for me and I will be going back to listen to all the other ones in this series.
It is action packed and makes you feel like you are one of the 17th Irregs.
The opening scene of taking over the helicopter and grabbing the high value target just sets the tone for the whole book. Love it.
This one just grabs you and doesn't let you stop listening.
- Kelly