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Authored by Trey Reik, Senior Portfolio Manager, Sprott Asset Management USA, Inc.
The Tax Cuts and Jobs Act of 2017 has become a microcosm of contemporary American politics. Bravado and obligatory motion have dulled senses and marginalized rational analysis. The tax bill in its current form has morphed into movement for movement's sake, largely devoid of coherent economic policy. As Obamacare has demonstrated, this brand of legislative action can inflict damaging unintended consequences and become the legislative albatross for an entire political party. Given heightened market expectations for tax reform, Republicans may have just sowed their undoing, leaving financial markets ripe for disappointment in 2018.
Few policy objectives hold more economic promise than simplifying the U.S. tax code. Legitimate efforts to address the bleak fiscal future for the U.S., such as the 2010 Simpson-Bowles National Commission on Fiscal Responsibility and Reform, always cite domestic tax reform as a critical component of sustained federal solvency. No matter how noble a goal tax reform may be, necessary tradeoffs in the ultra-polarized U.S. political climate make comprehensive tax reform virtually impossible in any environment short of outright crisis
Absent such an involuntary and total reset, tax cuts as a discrete policy tool are geared to offer the most utility in economic conditions such as recession, high unemployment, strong population growth and a balanced foreign trading environment (facilitating overseas deficit financing). Ironically, the present-day U.S. economy is characterized by virtually opposite conditions: unemployment is historically low at 4.1%; U.S. output is in its ninth year of expansion; population growth has declined from its historical 2%-rate to roughly 0.5%; and the U.S. capital account is already severely strained.
But having seen his other major policy initiatives whither on the vine, Trump is eager for this tax bill to pass, as he tweets, "It will be the BIGGEST TAX CUT and TAX REFORM in the HISTORY of our country!"
Despite President Trump's banner proclamation of a massive tax cut for the middle class, our analysis suggests the bill's schizophrenic jiggering essentially amounts to a glorified corporate tax cut. By leveling the (global) taxation playing field for U.S. corporations (while ignoring steep VAT burdens making statutory obligations for overseas corporations significantly higher than even the top U.S. nominal 35% corporate rate), and facilitating repatriation of "trapped" overseas profits, the legislation purports to foster U.S. economic growth, stimulate domestic capital investment and invigorate U.S. jobs markets.
Of course, this glowing appraisal is shared by few economists and strategists outside the Trump administration. Most independent assessments, such as the Joint Committee on Taxation (Congress' nonpartisan scorekeeper) estimate the tax bill may increase GDP between 0.5% and 1.0% cumulatively over a 10-year period while boosting the federal budget deficit by $1.0 to $1.5 trillion, a tradeoff hardly worth its steep price.
We believe the corporate focus of Trump tax cuts is misguided for two reasons. First, lowering corporate tax rates will only exacerbate the economic stratification already plaguing the U.S. economy. As shown in Figure 1 below, corporate profits as a percentage of GDP hover near all-time highs precisely as wages as a percentage of GDP have dwindled toward historic lows.
Figure 1: Corporate Profits Hover Near All-Time Highs (1963-2017)
Source: Meridian Macro; Data from 1963-Q3 2017.
Given how far the economic pendulum has swung in favor of capital-over-labor in recent years, is this really the right time to pursue economic growth through tax cuts on record corporate profits? We would suggest $1.5 trillion in direct federal funding for education, job training, R&D and infrastructure programs would be a vastly more productive use of national resources than incurring the like-sized deficit implicit in the Trump corporate tax cut.
Second, there is precious little supporting evidence that reducing corporate tax rates and offering a tax holiday on overseas profits will actually stimulate either incremental capex or increased hiring. One particularly poignant rebuke of the Trump administration's tax-cut reasoning occurred at a gathering of the Wall Street Journal CEO Council on 11/16/17. With White House Economic Council Director Gary Cohn seated on stage, a WSJ editor asked a room of 100-or-so CEOs for a show of hands, "If the tax reform bill goes through, do you plan to increase your company's capital investment?" When virtually no hands were raised, Cohn nervously blurted out, "Why aren't the other hands up?" This awkward scene quickly went viral as a vivid demonstration of how out of sync the Trump tax plan is from common corporate priorities.
During the past eight years, zero interest-rate policy (ZIRP) and related productivity declines have decimated corporate capex in favor of debt-fueled share repurchase. As shown in Figure 2 below, from the equity market lows of Q1 2009 through the first half of 2017, the corporate sector had repurchased 18% of total U.S. equity market capitalization, while institutional investors had liquidated 7% of total equity market cap. Figure 3 below, demonstrates these repurchases were funded almost entirely through the issuance of low-coupon debt in a ZIRP world. Given the fact that corporate spreads remain near all-time lows and liquidity remains abundant, we are skeptical that a reduction in corporate tax rates will have a meaningful impact on capex or hiring plans.
Figure 2: Corporations Are Biggest Purchasers of U.S. Equities Since 2009
Source: Thomson Reuters; Credit Suisse; Data from Q1 2009 - Q2 2017.
Figure 3: Corporate Buybacks Funded by Low-Coupon Debt (2006 - 2017)
Source: Meridian Macro; Trailing 12-Months of S&P 500 Share Buybacks versus U.S. Corporate Debt Growth; Data from 2006 - Q3 2017.
With respect to repatriation provisions of the 2017 Tax Act, we are similarly skeptical such a tax holiday will catalyze any significant corporate behavior outside share repurchases, shareholder dividends, and executive bonuses. After all, the vast majority of American corporations' $2.6 trillion overseas cash hoard is already invested in dollar-denominated instruments (so no need to disturb), the reduced tax obligation was deemed (not voluntary) and the prevalence of interest rate swaps has long facilitated easy domestic monetization of these balances should any compelling corporate opportunity have presented itself in prior years (it did not).
Historically, tax holidays on overseas profits have hardly inspired imaginative corporate governance. By way of example, the Senate Permanent Subcommittee on Investigations published on 10/11/11 an in-depth analysis of the 2004 repatriation tax holiday. In return for reducing the tax rate on repatriated funds from a maximum 35% to roughly 5%, the 2004 legislation had specified that repatriated funds should be earmarked for activities such as hiring workers or conducting research and prohibited using the money for executive compensation or buying back stock. Nonetheless, the IRS reports that the 2004 tax bill motivated 843 companies to bring back $312 billion. The 15 companies returning the most overseas profits in the 2004 episode proceeded to cut a net 20,931 jobs between 2004 and 2007, slightly decreased their spending on R&D, accelerated spending on stock buybacks, and, most preciously, granted their top five executives average pay increases of 27% from 2004 to 2005 and an additional 30% between 2005 to 2006.
All-in-all, the Tax Cuts and Jobs Act of 2017 seems to us to be the wrong policy, for the wrong reasons, at the wrong time. Contrary to President Trump's depiction of a Christmas present for the middle class, we expect tens-of-millions of Americans to be angered by the bill's capricious sacrifice of longstanding and coveted deductions for mortgage interest and state-and-local taxes on income and real estate. We believe President Trump's signature on the Tax Act will likely mark an inflection point for U.S. financial markets, as awkward realities of a deeply flawed bill displace general investor optimism over tax cuts. Finally, growing recognition that the 2017 tax bill will contribute an additional $1.5 trillion to the ever-deteriorating U.S. fiscal position should further pressure the U.S. dollar, already suffering through its worst annual performance since 2003. In our opinion, gold markets are likely to take notice.
The information contained herein does not constitute an offer or solicitation by anyone in any jurisdiction in which such an offer or solicitation is not authorized or to any person to whom it is unlawful to make such an offer or solicitation.
Forward-Looking Statement
This report contains forward-looking statements which reflect the current expectations of management regarding future growth, results of operations, performance and business prospects and opportunities. Wherever possible, words such as "may", "would", "could", "will", "anticipate", "believe", "plan", "expect", "intend", "estimate", and similar expressions have been used to identify these forward-looking statements. These statements reflect management's current beliefs with respect to future events and are based on information currently available to management. Forward-looking statements involve significant known and unknown risks, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results, performance or achievements could vary materially from those expressed or implied by the forward-looking statements contained in this document. These factors should be considered carefully and undue reliance should not be placed on these forward-looking statements. Although the forward-looking statements contained in this document are based upon what management currently believes to be reasonable assumptions, there is no assurance that actual results, performance or achievements will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this presentation and Sprott does not assume any obligation to update or revise.
Views expressed regarding a particular company, security, industry or market sector should not be considered an indication of trading intent of any fund or account managed by Sprott. Any reference to a particular company is for illustrative purposes only and should not to be considered as investment advice or a recommendation to buy or sell nor should it be considered as an indication of how the portfolio of any fund or account managed by Sprott will be invested.
Past performance does not guarantee future results. The views and opinions expressed herein are those of the author's as of the date of this commentary, and are subject to change without notice. This information is for information purposes only and is not intended to be an offer or solicitation for the sale of any financial product or service or a recommendation or determination by Sprott Global Resource Investments Ltd. that any investment strategy is suitable for a specific investor. Investors should seek financial advice regarding the suitability of any investment strategy based on the objectives of the investor, financial situation, investment horizon, and their particular needs. This information is not intended to provide financial, tax, legal, accounting or other professional advice since such advice always requires consideration of individual circumstances. The products discussed herein are not insured by the FDIC or any other governmental agency, are subject to risks, including a possible loss of the principal amount invested.
Generally, natural resources investments are more volatile on a daily basis and have higher headline risk than other sectors as they tend to be more sensitive to economic data, political and regulatory events as well as underlying commodity prices. Natural resource investments are influenced by the price of underlying commodities like oil, gas, metals, coal, etc.; several of which trade on various exchanges and have price fluctuations based on short-term dynamics partly driven by demand/supply and also by investment flows. Natural resource investments tend to react more sensitively to global events and economic data than other sectors, whether it is a natural disaster like an earthquake, political upheaval in the Middle East or release of employment data in the U.S. Low priced securities can be very risky and may result in the loss of part or all of your investment. Because of significant volatility, large dealer spreads and very limited market liquidity, typically you will not be able to sell a low priced security immediately back to the dealer at the same price it sold the stock to you. In some cases, the stock may fall quickly in value. Investing in foreign markets may entail greater risks than those normally associated with domestic markets, such as political, currency, economic and market risks. You should carefully consider whether trading in low priced and international securities is suitable for you in light of your circumstances and financial resources. Past performance is no guarantee of future returns. Sprott Global, entities that it controls, family,
You are now leaving sprottus.com and entering a linked website.Continue
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You are now leaving Sprott.com and entering a linked website. Sprott Asset Management is a sub-advisor for several mutual funds on behalf of Ninepoint Partners. For details on these funds, you will be directed to the Ninepoint Partners website at ninepoint.com.Continue to Ninepoint Partners


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|By Admin1 (admin) (pool-151-196-123-27.balt.east.verizon.net - 18.104.22.168) on Wednesday, March 09, 2005 - 3:59 am: Edit Post
Program named for Nigeria RPCV John Levy has spent a lifetime in both the law and public service
Program named for Nigeria RPCV John Levy has spent a lifetime in both the law and public service
Program named for John Levy
Law school provides debt forgiveness to four 'citizen lawyers'
Author: Ann C. Gaudreaux
Source: W&M School of Law
Date: Mar 07, 2005
John Levy, for whom the loan repayment program is named, remains involved as a citizen lawyer.
One of the hallmarks of a William and Mary legal education is its emphasis on educating lawyers to serve the public good. In establishing the Loan Repayment Assistance Program (LRAP), honoring Professor Emeritus John Levy, the school is making the choice of public service for its law graduates more viable.
"We take seriously Thomas Jefferson's original intent for the Law School - that it train aspiring members of the bar to be not only excellent practitioners of the law but also good citizens and leaders of their communities, their states, and nation," said Taylor Reveley, Dean of the Law School. "Our inaugural LRAP awards assist recent graduates who work at very low pay for the public good."
This year, four 2004 graduates have been granted LRAP awards. They are Jason Eisner, Danville, Virginia, Public Defender's Office, Shannon Hadeed, Lynchburg Commonwealth Attorney's Office, Scott Kennedy, Virginia Department of Environmental Quality in Glen Allen, and Hope Townes, Virginia Legal Aid Society, Lynchburg.
"So many of our law students who want to do good and change the world are stymied," John Levy said. "Some of them are influenced by society's assumption that law graduates will work for large law firms and some of them may be reeling with debt. That's why the loan repayment assistance program is so sensible and hopeful. I feel very honored."
Levy has spent a lifetime in both the law and public service. After two years in the Peace Corps teaching English and African history in a secondary school in Nigeria, a stint in the Department of Health, Education and Welfare's education office, and work as director for Richmond's Legal Aid Society, he moved to the Law School, where he became a mainstay of the Legal Skills Program as well as director of clinical education, the summer program abroad, and the graduate LL.M. program.
As Chancellor Professor Emeritus since 2002, Levy has acted as a consultant to the National Center for State Courts for Nigeria, and participated as a Fulbright scholar at Moi University in Kenya. He also chairs the Community Action Board in Williamsburg, overseeing the Head Start program. In addition, Levy volunteers one morning a week for the Head Start program in Gloucester. There, three-, four- and five-year-olds are intrigued by his storytelling and lured into verbalizing their own stories using 'talking sticks' that John hand-carves from fallen cedar trees.
"The talking sticks are a Native American tradition," he said. The stick is passed from person to person and each one tells what the stick represents to them. The holder of the stick is allowed to speak without interruption while the others sit and listen and formulate their own ideas. "Watching the children's faces as they sit and think about the stick or their story or their classmates' stories is a real treasure," Levy said. He and Christie Warren, an adjunct professor at the Law School, have consulted on legal aid projects for Nigeria and may consult on access to the courts for women with the East African nations of Uganda, Kenya and Tanzania in the near future.
One of this year's LRAP award recipients, Scott Kennedy, works in the Petroleum Storage Tanks Division in the Piedmont Regional Office of the Virginia Department of Environmental Quality. Much of his job consists of tracking underground petroleum storage tank (UST) facilities, mostly gas stations, that are out of compliance with state regulations. He assists in bringing enforcement actions against them. "The regulations require UST owners to take certain preventive actions to protect against releases of petroleum into the ground as wells as spills that can occur when the tanks are being filled," he said.
"I think it's great that Professor Levy and the Law School have put the LRAP together," Kennedy said. "I think it already is, and will continue to become, a very positive aspect of the school."
Hope Townes, another 2004 LRAP award recipient, works with the Virginia Legal Aid Society, where she assists low income people in civil matters. "Eventually my primary focus will be in family law," she said, "however, I am currently handling cases in a variety of areas such as housing, health care, consumer law and public benefits."
So far, through her legal aid work, she has helped clients: avoid home foreclosure; stop landlords from using illegal rent collection tactics; get Medicaid, Medicare or FAMIS; receive unemployment benefits; stop unfair debt collection activity; and procure no cost and low-cost divorces.
"The Loan Repayment Assistance Program is a godsend," Townes said. "It would be extremely difficult to pay my student loans and remain in a position I truly enjoy without the LRAP. I can now envision remaining in the pubic service field long term."
A third LRAP recipient, Jason Eisner, works as an Assistant Public Defender who represents indigent criminal defendants.
"Public Defenders' offices provide excellent opportunities for those who wish to create their legacy in the courtroom," Eisner said. "Even brand new attorneys are assigned clients immediately and allowed to undertake courtroom proceedings."
Members of the Law School's LRAP committee who chose this year's recipients are John Levy, Cutler Professor of Law Jayne Barnard, Judith Conti '94, David Dalke '93, Associate Deans Robert Kaplan, Sally Kellam, Patty Roberts, and Faye Shealy, and Emily Meyer '05."I believe that the new LRAP program at William and Mary Law School is a watershed moment in the school's history," said LRAP committee member Judith Conti. "The Law School's goal is to train the 'Citizen Lawyer' and supporting our alumni who go into public interest careers making extreme financial sacrifices to do so, should be a top priority of the school."
Conti was a judicial clerk for the United Stated States Court of Appeals for the Seventh Circuit after graduation from William and Mary Law School. She then represented labor unions, their members and individuals in employment-related legal actions at James & Hoffman in Washington, D.C., before becoming cofounder and director of Legal Services & Administration of the DC Employment Justice Center. The Center is dedicated to serving the employment legal needs of low-wage workers "I can think of no better person to name the fund after than John Levy," Conti said. "Throughout his whole career, before, during and after his time in academia, he has always been a true public servant, giving generously of his time and resources to legal services. He has been a mentor and inspiration to countless students over the years and is the reason why many have chosen to pursue public interest careers."
"As a public interest lawyer myself, I can truly think of no more exciting experience I have had during all my years connected with William and Mary than the LRAP program," she added. "I have never been so proud of any initiative launched by the Law School, and am confident that through the LRAP, we will not only be able to support excellent careers in the public sector, but will also attract more students who are interested in public service careers."
The Loan Repayment Assistance Program (LRAP) was founded to help pay for law school debt incurred for alumni of the William and Mary School of Law who take jobs with high social value but low pay. LRAP will award up to $5,000 in loan forgiveness annually to several recipients. Recipients will be eligible for up to $15,000 over three calendar years. Depending on the mix of applicants in any given year, smaller awards may be made to more than three graduates per year.
Eligible applicants must earn an annual salary of $50,000 or less and work full-time for a legal aid/legal services organization, public defender, prosecutor, government agency, Judge Advocate General corps, or an academic, law-related, nonlegal or other 501(c)(3) organization with a public service mission. Other criteria include the applicant's prior commitment to public service, the size of the law school debt, other financial circumstances, and the cost of living in the applicant's place of residence.
For more information about the William and Mary Law School Loan Repayment Assistance Program, please contact Robert Kaplan at (email@example.com) or 757-221-3805.
When this story was posted in March 2005, this was on the front page of PCOL:
Read the stories and leave your comments.
The Peace Corps Library
Peace Corps Online is proud to announce that the Peace Corps Library is now available online. With over 30,000 index entries in over 500 categories, this is the largest collection of Peace Corps related reference material in the world. From Acting to Zucchini, you can use the Main Index to find hundreds of stories about RPCVs who have your same interests, who served in your Country of Service, or who serve in your state.
RPCVs in Congress ask colleagues to support PC
RPCVs Sam Farr, Chris Shays, Thomas Petri, James Walsh, and Mike Honda have asked their colleagues in Congress to add their names to a letter they have written to the House Foreign Operations Subcommittee, asking for full funding of $345 M for the Peace Corps in 2006. As a follow-on to Peace Corps week, please read the letter and call your Representative in Congress and ask him or her to add their name to the letter.
March 5, 2005: RPCV Groups in the News
San Diego RPCVs host reception with Gaddi Vasquez on March 6 4 Mar
Alaska RPCVs speak for dividend 4 Mar
Western North Carolina's RPCVs sponsor Africa Night on March 6 3 Mar
Maryland RPCVs lobby their Senators for Peace Corps 3 Mar
Connecticut RPCVs hold fundraiser on March 5 3 Mar
Charles Baquet speaks at Louisiana PC Breakfast on March 4 28 Feb
RPCVs: Post your stories or press releases here for inclusion next week.
March 5, 2005: This Week's Top Stories
Senate FR Committee approves $345 M PC budget 4 Mar
RPCV's "Kennedy's Kitchen" records second CD 4 Mar
Sam Farr asks Army to reconsider burial policy 3 Mar
Bayanihan jewelry designed by Philippines RPCV 2 Mar
Todd Vetter receives calling during PC service 2 Mar
Sargent Shriver still on Washington's A-list 2 Mar
Photographer Bill Owens publishes new book 2 Mar
Crisis Corps to open new program in Sri Lanka 28 Feb
PC wants new stories for "The Great Adventure" 28 Feb
Ukraine PCV asks "Is Bush right on Iraq?" 28 Feb
Carol Bellamy defends "feminism" in aiding children 28 Feb
John Bridgeland discusses role as Bush assistant 28 Feb
Paul Theroux recalls high times with Hunter Thompson 28 Feb
Elaine Chao Leads Delegation to Uruguay 28 Feb
RPCV reunites with friend after 40 years 27 Feb
Kay Muldoon-Ibrahim's photography on exhibit 27 Feb
Jim Doyle displays political brilliance on tax cuts 26 Feb
March 1: National Day of Action
Tuesday, March 1, is the NPCA's National Day of Action. Please call your Senators and ask them to support the President's proposed $27 Million budget increase for the Peace Corps for FY2006 and ask them to oppose the elimination of Perkins loans that benefit Peace Corps volunteers from low-income backgrounds. Follow this link for step-by-step information on how to make your calls. Then take our poll and leave feedback on how the calls went.
Coates Redmon, Peace Corps Chronicler
Coates Redmon, a staffer in Sargent Shriver's Peace Corps, died February 22 in Washington, DC. Her book "Come as You Are" is considered to be one of the finest (and most entertaining) recountings of the birth of the Peace Corps and how it was literally thrown together in a matter of weeks. If you want to know what it felt like to be young and idealistic in the 1960's, get an out-of-print copy. We honor her memory.
Make a call for the Peace Corps
PCOL is a strong supporter of the NPCA's National Day of Action and encourages every RPCV to spend ten minutes on Tuesday, March 1 making a call to your Representatives and ask them to support President Bush's budget proposal of $345 Million to expand the Peace Corps. Take our Poll: Click here to take our poll. We'll send out a reminder and have more details early next week.
Peace Corps Calendar: Tempest in a Teapot?
Bulgarian writer Ognyan Georgiev has written a story which has made the front page of the newspaper "Telegraf" criticizing the photo selection for his country in the 2005 "Peace Corps Calendar" published by RPCVs of Madison, Wisconsin. RPCV Betsy Sergeant Snow, who submitted the photograph for the calendar, has published her reply. Read the stories and leave your comments.
WWII participants became RPCVs
Read about two RPCVs who participated in World War II in very different ways long before there was a Peace Corps. Retired Rear Adm. Francis J. Thomas (RPCV Fiji), a decorated hero of the Japanese attack on Pearl Harbor, died Friday, Jan. 21, 2005 at 100. Mary Smeltzer (RPCV Botswana), 89, followed her Japanese students into WWII internment camps. We honor both RPCVs for their service.
Bush's FY06 Budget for the Peace Corps
The White House is proposing $345 Million for the Peace Corps for FY06 - a $27.7 Million (8.7%) increase that would allow at least two new posts and maintain the existing number of volunteers at approximately 7,700. Bush's 2002 proposal to double the Peace Corps to 14,000 volunteers appears to have been forgotten. The proposed budget still needs to be approved by Congress.
|By Taiwo ODIFA (dialup-182.mwebafrica.com - 126.96.36.199) on Monday, June 13, 2005 - 5:32 am: Edit Post
Taiwo Odifa
looking for a job that are gurantee
10,Taiwo Okolu Street Off Cinema Bustop
Ifako Ijaiye, Lagos, 23401, Nigeria
Phone: 2348033
Mobile: 2348033653293
Email: firstname.lastname@example.com
to participate in the company to to hard to the dynamic work of the company and also to contribute my exprience and my effort to the gowth of the company
Desired Job Type: Employee
Target Job Title: economic or any banking job
Desired Job Status: Full-Time
Desired Work Site: No Preference
Career Level: Student (undergraduate/graduate)
Desired Salary: any
Degree/Level Attained: Bachelor's Degree
Date available to start: in two weeks
Target Locations: Botswana, Morocco, Nigeria, Swaziland, Tunisia, South Africa, United States, West Africa, Africa, New Zealand, Europe
I can legally work in: Nigeria
1/1998 - 2/1999
newbisco nigeria
cooking and serving the stafff of the company before gotten an admissin into the school.
1/2004 - 2/2005
national youth corp service nigeria
serving the country
2/1999 - 1/2004
university of ado ekiti Ado Ekiti state/Nigeria
Bachelor's Degree
student of the and i earn b s c in economic.
computer litracy and love traveling
good job and quantitative job should contact me immediately
mr falade afolabi
Telephone: 08035050966
Email: email@example.com
mr yemisi ogunsote
Telephone: none
Email: email@example.com
mr alaba
Telephone: 08033313302
Email: email@example.com
|By John Ebere (22.214.171.124) on Sunday, December 28, 2008 - 7:49 pm: Edit Post
Please may i make contact with you? Thanks

subset: commoncrawl


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What are Some of the Things that You Should Check in the Right Plumbing Services
To start with, you should consider the rating of the plumbing company. In this case, you will have to you will have to go with the top rated plumbing companies to take care of your plumbing services. This is because the top-rated companies are known for providing excellent plumbing services that will meet your requirements. One thing that you will have to do is to visit the site of the better business bureau and other related rating sites so that you can choose some of the highly ranked plumbing companies.
Also, you should also consider looking at the experience of the plumbing company. The good thing with experienced plumbing companies is that they know some of the high-quality plumbing materials that can make your plumbing work to turn out perfect. Besides, they have also gained some of the advanced techniques and skills that they can use to make sure that you get the right plumbing work. As a result, you will be sure of getting the best plumbing work. One thing that you will have to do to know the experience of the plumbing company is by going through their portfolio so that you can see some of the projects that they have handled before.
Besides, you should also consider checking the license of the plumbing company. One good thing with a license is that you will be in a position to know that you are dealing with professionals who have been accredited to offer plumbing services. Because of that they will abide by the standards of the licensing organisation as this will see you get safe and quality plumbing services. The best part of it is that you will have time to handle your things since they know what they are doing and you will not have to supervise them.
Apart from that, you should also read their online reviews. Being that these reviews are left with the previous clients of the plumbing company they will give you a clear picture of the kind of services that are offered by the plumbing company. In this case, you are required to choose a plumbing company that has many compliments than complaints as this will show that the customers are happy with the services that are being delivered by the plumbing companies.
Besides, you should also check the references. These are the people that have been served by the plumbing companies in the past. This makes them have reliable information on the right plumbing company that can meet your needs. To be sure that the plumbing company will be able to handle your project correctly you should confirm with them about the nature of the plumbing work they did before.
The Key Elements of Great Plumbers


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VA agency rejects permit for reservoir
In May, the shad struck back. For more than a century, dams and other obstacles have blocked the migratory fish from many of their historic spawning areas in rivers throughout the Bay watershed and along the entire East Coast.
But on May 14, concerns about the shad and their spawning grounds on the Mattaponi River may have become the insurmountable obstacle to plans for a 1,500-acre reservoir, as the Virginia Marine Resources Commission voted 6-2 to deny a permit critical for the project. ...
- June 01, 2003
- 0 Comments


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The iconic donut sign at Randy's Donuts has been immortalized in a whole new way thanks to this OFWGKTA long-sleeve shirt. A mashup between the Randy's sign and the iconic donut logo makes this a must-have Odd Future x Randy's Donuts shirt.
- Odd Future x Santa Cruz mint long-sleeve tee
- Randy's Donuts logo on front
- Special "O" donut logo on back
- 100% cotton


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June 2018 Luncheon - Updates to Condominium Legislation
- Details
- Published: July 26, 2018
On May 24, 2018, ACMA hosted a luncheon at the Coast Plaza Hotel for the property management industry. This well attended event attracted by both property managers and condo board members alike, all of whom were interested in the hot topic Updates to Condominium Legislation. The guest speaker, Lois Flynn, Executive Director, Consumer Programs, Service Alberta, mainly discussed Phase Two of the anticipated legislation, which is intended to enhance condominium governance and financial management.


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Gifts for a King. Yet gifts for man throughout time. The story we have all heard...the three wise men from the east who brought gifts of frankincense, myrrh and gold to Jesus. How ignorant we have been for so many years now to not recognize that there is more to this than we realized. There is power in those three gifts! Power to heal and maintain wellness. It was by no accident that it was these three elements that were brought to the Savior. It was by no accident that this part of the Christmas story is noted so strongly in the Bible. Whether you are a believer or not of the Christian faith, we still can not deny the power in nature. To study in depth reveals so many wonderful connections, understandings and "ah-ha" moments.
Frankincense and gold (aka: tumeric) were part of my cancer protocol and continue to be a part of my regular health regimen. Adding myrrh is something that only recently have I begun to do. And this is all BEFORE I read this article! There are many documentations and studies that explore these three elements and their healing power, both from a Biblical and scientific perspective. But rather than send you to multiple places, you can discover the sum of it all with a nice, pretty bow on top as written here by Dr. Nuzum, a trusted source for natural medicine.
Dr. Nuzum and Epigenetics Labs developed a compound of these 3 simple items and he explains the history, the power and the protocol for using them. And while he offers this blend through his own lab, you certainly can benefit from your own resources! Currently I get my frankincense and myrrh from DoTerra, while getting my tumeric (Curcumin BP) from Natures Sunshine (see Healing Tools). But if you are healing from cancer, or have a loved one who is, this would be a great, affordable way to start them on a natural protocol from a source that I have vetted (and believe me, there are plenty out there that I wouldn't recommend).
Healing is not just for the royals...it is for EVERYONE!
Living from Cancer
Nashville, TN


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User:Francois Major
From OpenWetWareJump to navigationJump to search
I am a new member of OpenWetWare!
Contact Info
- Francois Major
- University of Montreal
- Institute for Research in Immunology and Cancer
- PO Box 6128, Downtown station
- Montreal, Quebec, CANADA H3C 3J7
- E-mail me
I work in the Major Lab at the IRIC. I learned about OpenWetWare from surfing the Web!, and I've joined because I would like to add information about our software.
- 1990, PhD, University of Montreal
- 1987, MS, University of Montreal
- 1984, BS, University of Montreal
Research interests
- RNA structure, folding, and function
- RNA interference
- RNA engineering
- Parisien M, Major F. The MC-Fold and MC-Sym pipeline infers RNA structure from sequence data. Nature 2008, 452(7183):51-55
- Bouchard P, Lacroix-Labonté J, Desjardins G, Lampron P, Lisi V, Lemieux S, Major F, Legault P. Role of SLV in SLI Substrate Recognition by the Neurospora VS Ribozyme, RNA 2008, 14(4):736-48
- Lisi V, Major F. A comparative analysis of the triloops in all high-resolution RNA structures reveals sequence-structure relationships, RNA 2007 13(9):1537-45
- Parisien M, Major F. Ranking the Factors That Contribute to Protein ß-Sheet Folding, Proteins: Structure, Function and Bioinformatics 2007 68(4):824-29
- Kim YK, Furic L, Parisien M, Major F, DesGroseillers L, Maquat LE. Staufen1 Regulates Diverse Classes of Mammalian Transcripts, EMBO J 2007 26(11):2670-81
- St-Onge K., Thibault P, Hamel S., Major F. Modeling and aligning RNA motifs by graph-grammars, Nucleic Acids Res. 2007 35(5):1726-36
- Sylvestre Y, De Guire V, Querido E., Mukhopadhyay UK, Major F., Ferbeyre G, Chartrand P. An E2F/mirR-20a auto-regulatory feed-back loop, J Biol Chem 2007 282(4):2135-43


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BACKGROUND IMAGE: iSTOCK/GETTY IMAGES
Businesses look to compensation management to pep up productivity
Moving from Excel to compensation management software can save time, money and reduce errors, but organizations need to consider business goals before buying in, industry observers say.
For Kate Adamentz Jenkins, an experienced compensation analyst at the University of Wisconsin Credit Union (UWCU), the annual salary administration period was a yearly headache. While UWCU was committed to implementing best practices in managing the performance of its employees, the company's compensation management system was slowing down the process.
"It was an elaborate series of spreadsheets," Jenkins said about the employee compensation process. "We had a pretty well-defined process in terms of the mechanics, in terms of our base increase and our pay for performance system was already in place, but how we administered increases was very manual."
For more on compensation management
Learn how software is making sales compensation management simpler
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Managers would enter the salary changes for more than 370 employees on spreadsheets, and that data would be rolled up to Jenkins. Tweaks in the budget or further reviews could send the spreadsheets back down to managers for another iteration.
"It took me 120 hours to administer the process each year," Jenkins said. In addition, it was difficult to track spreadsheets that were being completed by the managers, and as the organization grew, chances for inaccuracies from a manual process increased as well, Jenkins said. As a result, UWCU decided to automate its salary administration with a compensation software system.
UWCU is just one of a growing number of organizations seeking to automate its employee compensation systems. In the 2008 Ventana Research survey Trends in Total Compensation Management, more than 33% of business executives surveyed indicated that they used only spreadsheets for tracking and managing compensation. In a follow-up survey last year, that number had dropped to 25%.
The benefits for automating are compelling. According to Gartner Inc. in Stamford, Conn., companies that implement automated compensation systems can expect to reduce processing time by 40%, administrative staff time by 50% and errors by 90%.
But before jumping into a purchase, human resources should consider what business goals the company is trying to accomplish, said Jim Holincheck, managing vice president at Gartner.
Even just automating the process has value because of increased accuracy, he added, but other business goals can be achieved as well. Automation helps monitor salaries to ensure that there is a proper distribution of performance ratings, that managers are consistent in how they award compensation benefits or that there is enough differentiation of compensation.
Companies considering changing from spreadsheets to automation can buy software for specific tasks, such as one for compensation and one for performance appraisal, and link them together, or they can consider the holistic -- albeit more expensive -- approach of ERP. As an example, for a 500-employee company, an individual software program can be purchased for $50 per user per year. An ERP suite, which encompasses many more systems, may cost $1,000 to $4,000 a user.
When to buy a compensation management system
When determining whether it is time to automate, Sean Conrad, senior product analyst at Halogen Software, suggests that companies consider the complexity of their current compensation program. A business with 100 employees, with just one basic compensation system and a small budget may not need to automate yet. A business with 100 employees but that also has various types of compensation, such as base pay, bonuses, stock options, benefits and training may require a software system.
Another aspect to consider is whether the existing compensation program is a standalone or part of a talent management suite, integrating pay for performance. If so, goal management and performance appraisal should be tied to the plan, perhaps requiring a more technologically based system.
Integration is the direction more companies are going. In the 2011 Ventana study, 72% of participants said it was important to have a total compensation management system, instead of individual pieces. And although the system does not necessarily have to be completely automated, access to and integration of employee compensation history, performance, market data and salary ranges must be there in order for a compensation program to be most effective.
Jenkins, who began using the Halogen e-compensation and e-appraisal software in 2008, said the benefits of automating the UWCU salary process are clear. Not only has the process become more efficient, with more accountability and a lower chance for errors, it allows Jenkins 80 more hours of work time, time she now uses on higher value activities. Managers and employees benefit as well.
"Technology like this really supports high performance," she said. "It has an infrastructure to help managers spend less time in the technical writing and more time coaching and developing their individuals."
Tom Sykes, product manager for compensation for software developer Peoplefluent, adds that the simplicity of administering pay through an automated system makes it easier to link salary changes with performance.
"When you can actually link somebody's year-end bonus directly to something like achievement of a goal that they had established in a performance management application, what that actually meant to them for that achievement -- the first year you can do that and actually communicate that, it's very impactful," Sykes said. "The second year, it's highly motivational because there is a correlation."
And, while companies don't necessarily have to have software to do that, the bigger the company is, the more difficult it is to manually track and make the correlation, he added.
Next Steps
Learn the latest happening with compensation management tools


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The fear that Iraq's current Prime Minister, Nouri al-Maliki, is becoming the nation's next dictator seems to have been growing lately. But getting rid of him would be extremely difficult. And even his most determined opponents know this. Al-Maliki also appears to realise this – he hardly seems concerned about some of the complaints being made against him.
The factors that prevent any ousting of al-Maliki, who has been in power since 2006 and who may well carry on for a third term, can be placed in three broad categories: regional, constitutional-legal and to do with internal political wrangling.
Discussion about whether al-Maliki is planting the seeds for a new one-party, one-leader regime in Iraq has been plentiful over the past months. Allusions have been made and Massoud Barzani, President of the semi-autonomous region of Iraqi Kurdistan in the north of the country, has been the latest to come out with the accusation directly. Barzani talked openly about the fact that Iraqi Kurdistan might push to secede from Iraq if what he described as a dictatorial regime continued.
Politicians from the Iraqiya bloc, al-Maliki's major opposition, agreed with Barzani. Interestingly so did cleric-politician Muqtada al-Sadr, who leads the Sadrist political-religious movement in Baghdad's Parliament and Ammar al-Hakim, the leader of the Islamic Supreme Council of Iraq. Both of these groups are meant to support al-Maliki – they're important parts of the Shiite Muslim alliance among the Iraqi electorate. And explicitly, they do. But implicitly, they have been criticising al-Maliki.
However all of al-Maliki's critics also seem to be aware that it will be nigh on impossible to oust the man they see as a power monger.
For one thing, regional interests are not in their favour. It seems that neither Iran nor the US want to see al-Maliki ousted. The only power player in the neighbourhood that does, would appear to be Turkey.
Getting rid of al-Maliki would involve convincing all regional players of the importance of ousting him, independent Kurdish MP, Mahmoud Othman, told NIQASH. It would take a lot of discussion and in fact, Othman believes, there is an undeclared agreement between Washington and Tehran to avoid any such changes in Iraq's immediate future.
This may well be because al-Maliki has managed to maintain fairly good relations with all three of these countries – despite the precarious and delicate nature of the relationships.
Observers say that one of the most obvious indications that Washington and Tehran back al-Maliki is the decision to hold talks on the Iranian nuclear issue in Baghdad. Iran agreed to discuss the issue with permanent members of the UN Security Council - the United States, Russia, China, Britain and France – as well as Germany last month. The first meeting was held in Istanbul but the next will be in Baghdad. Iran considers Iraq an ally in the matter and the US wants to prove its campaign in Iraq meant something; namely that Iraq is once again politically active in the region.
According to Othman, this means that "the US and Iran have an interest in supporting the Iraqi regime".
The regime itself would appear to agree. "Iraq's hosting the second round of talks is an important step which supports the Iraqi government and gives it great impetus," Abbas al-Bayati, a member of the parliamentary committee on security and defence and an MP for the State of Law political bloc led by al-Maliki, boasted. "Iran and the US agreed to hold the negotiations in Baghdad because the two countries are well aware of the fact that the political and security conditions in Iraq are becoming more stable. And because the two countries realize that Iraq's regional role has developed a lot after its success with the Arab League summit in Baghdad."
Al-Maliki also has the necessary support in the Iraqi Parliament to carry on. His State of Law bloc hasn't had any defections. In fact, it has benefited from defections from other parties, namely almost a dozen from the Badr organisation, a party formerly associated with al-Hakim's Islamic Supreme Council of Iraq, as well as the Iraqiya bloc, al-Maliki's main opposition.
Article 61 of the Iraqi Constitution does give local MPs an opportunity to moot a vote of no confidence in leadership.
But to do this they need at least an absolute majority in Parliament and for that, some MPs from the mostly Shiite Muslim alliance that al-Maliki heads would need to defect and vote against him.
Iraqiya leader Ayed Allawi would only need about 20 defections from al-Maliki's alliance to start a vote of no-confidence process. But while some of those engaged with al-Maliki's alliance may criticise some of his policies – al-Hakim and Sadr, for example - they don't look likely to withdraw from the coalition any time soon. Observers say this has a lot to do with those organisations' connections to Iran, which supports al-Maliki's government.
And two separate statements were issued last week expressing the mostly Shiite Muslim alliance's support for al-Maliki and calling upon all parties to come together and continue to work for the good of the nation.
Another issue that prevents the ousting of al-Maliki is the lack of any realistic replacements. Neither the Iraqiya bloc nor the Kurdish MPs, who hold a balance of power in Parliament, had any names for potential prime minister; none of the Shiite Muslim parties offered suitable options either. Last week the Sadrist movement released a statement suggesting it might be able to form a new government headed by one of its members – but the statement was withdraw shortly after it was issued.
Additionally it would also be impossible for his opponents to call for early elections in order to get rid of al-Maliki. The heads of the body responsible for organising any elections – the Independent High Electoral Commission (IHEC)– were arrested recently on what have been described as relatively minor corruption charges.
Al-Maliki said he had nothing to do with the arrest warrants but as the New York Times reported on the subject: "Mr. Maliki has sought for two years to consolidate control over the electoral commission, whose independence is viewed as essential … And it reinforces a narrative that Mr. Maliki is emerging as an authoritarian leader in the wake of the American military withdrawal."
Now there are fears that when the IHEC's extended mandate expires in two months and new commissioners are supposed to be elected, things will not proceed according to plan. These worries are supported by the fact that parliamentary committee responsible has already failed to agree on the names of the would-be chairman and members of IHEC. All of which could not only put Iraq's general schedule of elections at risk, but also puts paid to any ideas about an early election.
And so it seems that opposition politicians are coming to one conclusion: in the absence of any other ways of ridding themselves of what they see as a would-be dictator, they will have to negotiate.
"Withdrawing confidence from the Prime Minister is not an option right now," Saleh al-Mutlaq, one of Iraq's three deputy Prime Ministers, said. Al-Mutlaq is a senior member of the Iraqiya bloc and was threatened with a no-confidence vote by al-Maliki late in 2011. "Dialogue is the only way to resolve conflicts in this country," al-Mutlaq said, much to the surprise of other al-Maliki critics.
"Al-Maliki had become too powerful; he holds all the key positions in government," a senior government official told NIQASH on condition of anonymity. "And his opponents feel it is too late to use the no-confidence option. They believe it is better to try and reach an agreement with al-Maliki so that the situation can be calmed down, and then to hold real elections in 2014 in order to remove al-Maliki from office properly. Because at the moment," the official concluded, "the only person who matters, who can withdraw confidence from al-Maliki is al-Maliki himself."


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With all warranted respect and admiration for Frank Zappa, purloining the title from his great ditty seemed the perfect way to start off a post about RKP's first-ever reader survey. We start this with one great known—you're a bunch of cyclists, so no surprises there. There is, however, a second piece of data that drives this survey. I've had a number of heavyweights in the bike industry—some of the people I most admire in this biz—tell me that RKP has the brightest, most thoughtful readership to be found in cycling. It's a compliment of the highest order. What led them to this conclusion are your comments at the end of our posts. By playing nice, you've proven yourselves a thoughtful, insightful bunch. And because the industry has the opportunity to interact with you there, that makes you especially interesting. Even though there are times when you might be suspicious that they are telling you what you should buy next, they want to know who you are and what you think.
We received roughly 1000 responses, which was far higher than I had expected—thank you!
My history in publishing allowed me to guess at how many of these responses would go, but there were some good surprises and one disappointment. Rather than break out each and every percentile, I'm going to present the meat of the bell curve to help the bigger picture emerge.
Without further explanation:
Age: You're a bunch of grownups; 79% of you are between the ages of 35 and 64.
Sex: The testosterone is easy to find; 95% of you are guys. I was bummed to find out we had so few women among our readers.
Marital Status: Someone thinks you're cute; 75% of you are married.
Education: You're a smart bunch; 78% of you have a college degree, and slightly more than half of those have a graduate degree.
Residence: You're masters of your domain; 77% of you live in a house and 78% of you own your home. I should have asked how you use your garage space.
Income: You know how to land a good job; 68% of you earn $75k or more. You know we sell T-shirts and kits, right?
Kids: Most of you like little people; 49% of you have one or two kids, but a whopping 37% opted not to pay to have someone barf on you. I can hear your disposable income from here.
Riding Frequency: You kids are a bunch of addicted lifers; 81% of you ride between three and six days per week. Marketing managers are going weep with joy when they read that.
How Many Bikes: It's clear that one is not enough. A whopping 75% of you have three or more bikes (and of those 15% of you have more than six bikes). This just feeds the adage that the correct number of bikes is N+1.
Bikes You Own: It's possible that a few of you don't own road bikes as some of you didn't respond to this question, but the revelation here is just how many of you own something that isn't a road or mountain bike; 83% of you have something that isn't a road or mountain bike, while 25% own mountain bikes.
Thank you to everyone who participated. I'll be doing a couple of drawings for schwag soon. And based on your encouragement, I'll do another survey sometime, though not next month.
23 comments
I think you should have added a link to the store too,
Re: what do we do with our garage space
Surely you know this is where we keep our bikes and our wine.
It's a never ending battle to keep enough floor space cleared to do
what bike maintenance I do myself.
I had no doubt about the male part of the regulars here, yet there is also significant support for women's cycling. Whenever it comes up plenty of guys talk about equal prize money, better equipment, bigger support, the UCI's roll, etc. on these threads. So it's not just that all of you ride, but that you care about everyone else riding as well…. kids and teens included. We should all be proud of that. Cycling isn't just testosterone. Cycling isn't just tech, races, and crisis du jour. Tell your sponsors and everyone else. RKP is different and that's why we keep reading.
Not a criticism here but, just wondering if the photo at the top of this piece was deliberately selected to illustrate the survey results or is perhaps ironically coincidental. . .a group of middle-aged white guys. Yes, that's most of us but I wish it weren't.
I like that you want to understand your readership more by asking questions of us. Personally, I would have been willing to answer more questions should you have asked. Unlike other sources of questionnaires, I trust that you are doing it with integrity and value the insights you gather.
Keep up the good work.
I think I'm going to put your last two sentences in my next media kit.
Help yourself.
Hans M. Ruppenthal
Ditto what ETO said. I also have a fondness for women's cycling and agree that we need more coverage, races etc. I could care less about the WNBA or other women's sports but women's cycling is really cool. I am reminded of the London Olympics Road Race. Wow!! Tough as nails. Thanks for the great site.
When my wife pulls her car into the garage, she starts counting bikes to see if there is more than before.
Garages are rare in Memphis. Strange town.
The garage space comment is intriguing – at least to me. I recently chose to not to move back to So CA because it would entail the loss of garage and basement space. Well, there were other reasons too. In any case, the comment implies storage space for toys. In addition to bikes, I'd be curious about readers' other interests. For me, it's hot rod Audis and Ducatis, skiing, RC airplanes, wine, and even some shooting sports. I think I need a bigger garage!
I'm just glad you think we're smart……Keep up the good work. RKP is a shining light in a beautiful sport.
Bikes in the garage ?, horrors.
Bikes go in the house, where its warm and dry.
Thanks for sharing the results. I find it funny, though unsurprising, that I'm in the majority for every answer you note above. Perhaps that's why I find myself in agreement with the majority of the articles and the commentary on the site; i.e., I'm basically just like everyone else (despite what my dear Mom tries to tell me)?
As for the garage space…2 cars and – as of today – 12 bikes, as my wife just added her N+1 to the collection this morning.
Mike Cress
Cycling has brought me into a closer realtionship with my 29 year old son than I would have thought possible. The time we have spent on the road together will always be some of my most cherished memories. Just this week as we gave an all out effort on a favorite Strava climb, we encountered 3 horses, seemingly inspired by our efforts, who charged along side us we neared the summit. The spontaneity of the moment and the wonder in my son's, "Awesome!" will stay with me forever.
I agree that the readers of this blog are different: respectful, sophisticated, polite. I read other blogs (and laugh and love them) but some of them are intentionally irreverent and vulgar. (Hey, we need a little irreverence in our lives.) Here, the readership appear to be thoughtful and considerate. RKP seems to appeal to decent folk who happen to love cycling.
Keep up the great work! I always look forward to new posts.
I hide my bikes (and kit) in my basement workshop so no one (i.e., wife and three kids) is quite sure how many bikes I have or how my limited disposable income is being spent. Although my wife has a pretty good idea!
You had a survey!
Dave Lilly
"RKP has the brightest, most thoughtful readership to be found in cycling" Damn Straight…
It's a busy time of year, so I didn't visit RKP for a few weeks, or I would have added one to your XX chromosome readership, to <75k, to 3-6 times and a hundred plus miles a week, to 3+ bikes, to partnered, to home owning, and (take note, marketers) fat. My bike is worth far more than my car, and my bike clothes cost more per outfit than my work clothes. So please, make cycling clothes for people shaped like me: short and fat, even


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Juliet graduated from the University of East Anglia with a BA in Drama in 2016. She spent her time at University getting heavily involved with student theatre – putting on plays in the local area and runs at the Edinburgh Fringe. She has always loved theatre and comedy, and was thrilled to have joined PBJ management acting as a general resource to everyone in the office in May 2016. Juliet now works assisting Janette on her exciting client list.
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Noreen says…
1. When in doubt, throw it out.
2. The Thrift Shop is your friend. Donate plenty and often.
3. When you bring something new into your house, remove something. It doesn't have to be the same. Bring in a new blouse, give away a footstool, book, vase.
4. If an item is broken, chipped, torn, stained or otherwise compromised, get rid of it.
Gladys says…
1. Don't bring junk mail into the house. If you don't want it, throw it out at the post office.
2. Get kids, family members, roommates to join in clutter clearing projects. Have a race. Make it fun.
3. Have a filing or organizing system close at hand when you open your mail. Organize all incoming paperwork immediately. Don't "put aside until later."


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12-member team arrives to investigate RVIPF killing of Hernandez
According to our National Security Council (NSC) sources, the deceased was shot two times by Royal Virgin Islands Police Force (RVIPF) officers, once in the upper abdomen and the other in the left leg. It remains unclear how many shots were fired and by how many police officers in the recapture efforts, but only two hit the 38 year old man.
Gun or knife?
There was also confusion over whether Mr Hernandez, one of three escaped prisoners who were still on the run after some 143 inmates broke out of Her Majesty's Prison on Tortola following Hurricane Irma in September 2017, was armed with a gun.
At the time of his shooting, after police got a tip that Mr Hernandez was in an abandoned house at Butu Mountain on the main island of Tortola, Police Commissioner Michael B. Mathews had alleged "armed officers were confronted with a violent escaped prisoner."
He stopped short of advising the public on the level of "violence" Hernandez, who was accused of the murder of Alston E. Penn earlier this year but was not tried or convicted, had demonstrated to police.
There were conflicting information, as one senior police source had told our newsroom that Mr Hernandez had a gun.
However, moments after our article was published alleging that he had a gun, family members and multiple law enforcement and NSC sources confirmed that our information was wrong and that the man shot by police only had a knife.
Review of deadly state shooting
Police top cop Mathews, who is reported to be on vacation in his home country, the United Kingdom, told our newsroom the same day of the deadly state shooting that "whist it is always regrettable when the force has to use an armed response, it is sometimes necessary for the safety of the public and the officers in the situation."
On December 7, 2017, a day later, Mr Hernandez died even though police said he was in "stable condition at Peebles Hospital under police guard."
On Monday December 11, 2017 some 12 police officers from the Royal Turks and Caicos Police Force arrived in the Virgin Islands to conduct the investigations.
Our newsroom checked this morning December 18, 2017 with our sources for an update; however, we were told that the investigation has not concluded and the Governor and the NSC have not been briefed on any preliminary findings.
Mr Mathews, who the public has demonstrated confidence and trust in thus far, has promised "transparency and an independent review" of the deadly use of force by his officers.
Caution on state killings- local Attorney
A local attorney, who spoke to our news room in an invited comment but didn't want her name to be used, said on this matter, that "while our heart goes out with continued sorrow to the Alston Penn family, remember Mr Hernandez was never tried or convicted for the crime he was accused of."
She further stated, we have to be careful not to be so quick to condemn as "today it is Santo Hernandez, tomorrow it might be your child that they [police] shoot and kill."
35 Responses to "12-member team arrives to investigate RVIPF killing of Hernandez"
... (18/12/2017, 09:33) Like (2) Dislike (3) Replynothing but the truth
NezRez (18/12/2017, 09:38) Like (8) Dislike (0) ReplyIt is true that our hearts are broken over family and a little child being killed, we will never have closure since the main person who can give answers is dead. I have no sympathy for muderers, but I would like to know what actually happened and why, now we will never find out. There are so many stories swirling around that it is difficult to know right from wrong. Still, there is no closure.
Well Well (18/12/2017, 09:48) Like (55) Dislike (1) ReplyWhy not bring in a team to investigate Trinity's murder? ????? Where are our priorities my people? ?
justice (18/12/2017, 10:13) Like (23) Dislike (2) ReplyOnly this guy and the Master knows if he was guilty. The truth will be revealed in every case - sooner or later. What is interesting to me though is how quick a team of investigators can be brought in for this but we have so many unsolved murders and crimes that have never received such interest? A life is a life
Welsah (18/12/2017, 10:23) Like (27) Dislike (1) ReplyWrong set of investigative priorities . Fast to try and convict a police over a felon , but not convict the murderers of a child .
A life is a life! (19/12/2017, 12:11) Like (3) Dislike (3) ReplyWhy he did not return to prison where he belonged until he had his day in court to prove himself, then we would not be at this crossroad now. But obviously this shows the value of the lives of Trinity, Franklyn, his brother and all other victims murdered. Not a single sole was brought in to solve these cases. What injustice!!!
Hmm (18/12/2017, 11:01) Like (5) Dislike (30) ReplyWhat happen to taser and rubber bullet ???? I bet if it was a local you would of here a different story.....cop is a murderrrrrr!!! There are better ways
FYI (18/12/2017, 14:31) Like (12) Dislike (1) ReplyYou are an idiot, in law enforcement you match like force a taser is no match for a knife which is deemed a deadly weapon and the force does not have rubber bullets as an option (also not like force). Police don't carry knives as tools of the trade they match knives, machetes and other dangerous weapons with their like force which is their gun. Sorry the guy died but it is what it is.
what???? (18/12/2017, 16:15) Like (2) Dislike (2) ReplySo a knife and a gun are "like force" ? Using that logic, if a person if caught walking with a knife it is the same as if they were caught with a loaded gun.
Really (18/12/2017, 17:01) Like (2) Dislike (2) ReplyThey use rubber bullets in mingo for things like this?
Me (18/12/2017, 18:41) Like (0) Dislike (0) ReplyBut there they hold the murderers in days, here they walk on the streets for 20 yeas killing many others or someone kill them before they finally charge someone.
Really (07/01/2018, 06:43) Like (0) Dislike (0) ReplyYour information is wrong my friend... en Mingo la Policía no juega... te matan.. so plz review your comment... mingo police will shoot you dead and give your family a casket to bury you in... BVI sweet
hm (18/12/2017, 17:49) Like (8) Dislike (0) ReplyLet me go on your level ;In my opinion they should have brought some big rocks and clapped him in is da@n, head since you want to be dumb . He should have turned himself in...He would have been alive now. He was a hitman.... a murderer ...kill and be killed...You people will learn one day...Yes these are better days...better days with one less mistake.
only saying (19/12/2017, 00:12) Like (2) Dislike (0) ReplyLOL,hm could not have said it better.Just hope the family of his victims will find closure.
SMH (18/12/2017, 11:09) Like (33) Dislike (0) ReplyWOW they need 12 people to investigate this? look man on Christmas break. What a waste of resources!!
Just a theory (19/12/2017, 21:52) Like (0) Dislike (0) ReplyEither his family is really pushing for the investigation or he was part of a larger and well connected organisation.
only saying (18/12/2017, 11:15) Like (21) Dislike (0) ReplyWhat do you mean this accused murderer "only had a knife":A knife is a deadly weapon.The cops have a right to protect themselves and community at large, you meet deadly force with deadly force.Mr Hernandez,(I use Mr very loosely)had no respect for the law as he would turn himself in to the police earlier or at least come out of the house unarmed with his hands up.Good job RVIPF !.Hope they don't spend too much time looking into this arrest arrest and try to solve the many unsolved murders in the BVI.
@ only saying (18/12/2017, 12:23) Like (1) Dislike (3) Replyit was not a gun I thing that's them point
qc (18/12/2017, 11:28) Like (6) Dislike (1) Replyso you believe they will give us the truth...please you all so naïve
wize up (18/12/2017, 12:01) Like (9) Dislike (2) ReplyPolice investigating police: the should fun; its like putting rat to watch cheese
Gumption. Official (18/12/2017, 12:10) Like (6) Dislike (0) ReplyIt's really sad it have to take extra work to find out who's been killing off our people when so many of their friends know the same info but rather not say. The dead have to be like (Some friend you are) /was crazy it seem like either side of the line it's a friend or a friend of a friend who's a cool so they can't say nada cause XYZ. However soon or later the shit will hit the fan.
so tell me (18/12/2017, 13:49) Like (14) Dislike (0) ReplyThey are quick to bring in investergaitors to investigate what happen to a criminal that the police had to take out but, they are not quick to bring in investergaitors to investigate why little innocent Trinity was killed. Bet every criminal hère is loving it. It seems like the victims hâve no rights.
Aye papi (18/12/2017, 14:08) Like (2) Dislike (0) ReplyPlenty problem
No so fast (18/12/2017, 14:45) Like (20) Dislike (1) ReplyDon't be so quick to condemn the officers. They were sent out to do a job and it was done to the best of their ability. It was rather unfortunate that the man died however he was a suspected murderer who had escaped from prison and was obviously avoiding apprehension.
These officers are now being judged by the media and the bloggers the same set who would be criticizing them for not doing their jobs if this man was still on the loose. No one ever wonder the trauma the officers and their families may be going through.
I fear that this witch hunt may have officers who are called to the scene reluctant to take the necessary action or any action at all.
I support my local law enforcement and the job they do trying to keep us (many of whom take what they do for granted) safe.
Thank you RVIPF.
me to (18/12/2017, 17:40) Like (10) Dislike (0) Reply@No So fast. i am with You on this.Reguardless of what they say about RVIPF, i am sticking behind them. If something happons, who are You going to call for help. If You walk a straight line, obey the law and stay your A ## out of doing shady things You should hâve no trouble with the Police. Thanks RVIPF.
@ me to (18/12/2017, 19:34) Like (3) Dislike (3) Replywhen they shoot your father, brother or child then you will sing a different song
Local.. (18/12/2017, 18:44) Like (2) Dislike (0) ReplyBottom.cant take a knife to a gun fight and win
@ LOCAL (19/12/2017, 02:07) Like (0) Dislike (0) ReplySame thing I am here thinking he had no chance
Priorities (18/12/2017, 19:20) Like (8) Dislike (1) ReplyRush 12 man team to investigate a police shooting but none to help with the open murder cases, strupes, we're close to zero enforcement soon no one will want to do it.
See (18/12/2017, 21:39) Like (8) Dislike (0) Replycan the local authorities be so incompetent ?
To The Point (19/12/2017, 09:16) Like (1) Dislike (0) ReplyThis is crap he could hv had a pen in his hand and they shot him you going bring in 12 men for that we really got money to give away so it takes 12 men to find out wa going on they need to put them 12 on all the unsolved murders case
Boo (19/12/2017, 10:53) Like (1) Dislike (0) ReplyI have no quarrel with Mr. Matthews here. He has proven to be one of the better COPs we have had in a while. Ordering this independent investigation of use of deadly force by his officers is by the book and warranted. This is completely different to investigating a murder case. The Police can't investigate themselves. It requires an independent review as opposed to local investigators investigating a local murder. The COP is on the ball here. Timing is appropriate especially to ensure public confidence in his officers.
wize up (19/12/2017, 11:05) Like (0) Dislike (0) Replywho footing this bill??
@local attorney (19/12/2017, 13:00) Like (1) Dislike (0) Reply"Today it is Santos Hernandez tomorrow it maybe your child they( police) shoot and kill" While I understand your sentiments i will tell you if my child is accused of a crime, is sent to prison awaiting trial, escaped for weeks running around the place, is confronted by the Police and is shot and killed of course I will like the matter to be investigated!!!! However your tone if you were quoted correctly,suggested that the Police goes around shooting people randomly. Do u know how many persons in the history of the RVIPF have been shot and killed by the Police or even been shot?. Compare that to the number of Officers that have been shot and injured..one killed. The facts surrounding the killing should be thoroughly investigated and justice should be done. I will advised "my child" to adhere with the laws of this territory.
Pjam (19/12/2017, 14:50) Like (1) Dislike (0) ReplyThere are a lot of stories we don't hear about this man ,some people in a certain area of Tortola were afraid of what he did to a certain young woman there People like to judge and don't know the true story.


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Day 9: This morning, following included breakfast, we head east stopping for a morning break prior to entering Saskatchewan, the "Bread Basket of Canada" stopping in Swift Current for a lunch break, on own. Continuing on, we arrive this afternoon in Regina, SK and visit the Royal Canadian Mounted Police Heritage Centre to learn the history and traditions of the RCMP. We check into our hotel for the night with your evening free to dine, on own. (B)
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You will have countless pictures and amazing memories of Glacier National Park and the awesome Canadian Rockies! Come and travel with us to the most beautiful place in our North American continent.


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This entry was contributed to Wild Equus by Lucy Rees, member and researcher of the Wild Equus Network (WEN). You can visit the Pottokas en Piornal website, where you will find more details about her work with the feral pottoka ponies.
Species: Equus caballus
Subspecies/Breed/Type: Pottoka (Basque Pony)
Country: Spain
Region/Province/Range: Sierra de Tormantos, Piornal (Extremadura-Caceres)
Population type: Feral
Management Authority: Pottokas en Piornal
Estimated Population size: about 40 horses (2015)
Census August 2015
Foals 2015 m 5 (+ 1 that died) f 3
Yearlings m 4 (b, 3n) f. 3 (d, 2n)
2 y-olds m 1 (b) f 4
3 & above m 5 (b, 4s) f 15
Total 40, m 15, f 25
b= bachelor, s=stallion, n= still with natal band, d=dispersed – 9/15 mares foaled. = 60%.
Of the 6 that did not foal, 4 were 3 y-o that foaled last year at 2, 1 is 3 y-o, 1 unknown (mare not seen for 3 months)
Details of Population
1200ha. of mountain between 700m and 1500m. , with two deep gorges. Lower-lying areas are oak wood (about 400ha) with scattered chestnut plantations, the latter mainly unavailable to the ponies. The rest is mainly high, dense heather, Spanish broom, bracken and rock, with occasional areas of grass.
Average winter temperature 2.8º; snow may cover areas over 1000m for up to a month. Average summer temperature 20.8º . Water is abundant except in dry summers when all but two springs may dry up. The ponies practice seasonal vertical migration.
The area may also be grazed by up to 600 goats. Occasional red deer, groups of fallow deer, wild boar, fox, martin, jineta, rabbits (few), walkers and cyclists share the area. No large predators.
The population was set up as an open-access study facility for equine researchers and students with non-invasive projects. All ponies can be identified individually and their life history is known. Pottokas are Basque ponies whose DNA variation corresponds to a wild, not domesticated breed. Ours have no management except culling to limit numbers.
Their social organization corresponds to other older feral populations: natal bands, home ranges (around 300ha.), natal dispersal, bachelor bands often joined by dispersing fillies. Three have tamed themselves but the rest cannot be touched although they admit close observation.
Population growth has been limited by culling. In 2014 one entire band (young stallion, old mare, her daughter and grand-daughter) were removed. In 2015 11 ponies (3 y-o stallion, 7 y-o mare, her yearling son, and 7 fillies of 1 and 2 years old were removed). The individuals were chosen to minimize social disruption, being mostly fillies in natal dispersal. To reduce possible conflicts each band was rounded up separately and the youngsters removed.
Despite apparent lack of good forage the ponies are in extremely good condition although lactating mares lose weight at the end of the summer. The ponies show an astonishing ability to self-heal even severe wounds. Parasite burden is negligible.
Structure and demographics
4 single-stallion natal bands, one bachelor band.
The population was set up in 2007/8 in Catalonia with two bands each of one stallion and three mares. On moving the population to its present location in 2011, a 3 year-old unrelated stallion was introduced.
Of the 11 foals conceived in Catalonia 9 were female. In Extremadura 20 colts and 19 fillies have been born.
12 y-o mare, piroplasmosis (Catalonia, 2007)
colt 6 months killed by hippies (c, 2008)
14 y-o stallion, infection from broken tooth (Extremadura, 2014)
12 y-o mare, herbicide poisoning (Extremadura, 2013)
yearling colt, eating plastic bag (E, 2014)
foal 3 weeks (E. 2015)
2 disappeared colts.
About half the fillies become pregnant as yearlings, giving a very fast-growing, female-skewed population (see culling, below). Fillies that foal at 2 do not foal at 3. Colts begin (inefficiently) to form natal bands at 3 years old.
Issues worth noting and needed actions
a) Legal imperative to microchip, which causes stress and social disruption and is extremely difficult in practice. The European regulations allow exemption in wild or feral ponies but the Extremadura authorities do no recognize this.
b) Damage to fences and walls caused by herds of goats, whose owner refuses to use the gates, cause escapes, social disruption and conflicts with the police.
Bibliography and further reading
Genetic analysis in the basque pony-pottoka breed. Preliminary results
Genetic variability in two spanish horse populations: Preliminary results
Pottoka's behaviour and training
El caballo al final de la última glaciación en el período postglacial