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I started playing Mechwarrior 2: 31st Century Combat when it was first released at the wonderfully young age of six. Thus began the obsession that spanned almost all the novels (only a few I haven't gotten my hands on), two of the tabletop games (tho I want The Dark Age series stricken from canon), and all the video games. I even went on to wear a mech Halloween costume in elementary school and write my own background on TRO's on the old website dropshipcommand.com.
I had my worries with the series direction after MW4: Vengeance, and my fears became realized when the sole reason I bought an xbox, or Mechassault, turned into a colossal piece of garbage and betrayed what Mechwarrior was meant to be. Combine that with the Dark Age series and the increasingly bad outlook for Mechwarrior 5 ever happening and I was eventually forced to abandon hope for the series to be restored and left for the Halo universe.
Now that actual game footage is online, I am finally letting myself believe again and feel Mechwarrior Online is capturing everything that makes the franchise great. I absolutely love what I am seeing and cannot wait to jump back into the cockpit (hopefully of a Battlemaster or Summoner).
Quick wish-list for the game
1. Sound--hearing the start-up sequence in the trailer was beautiful, and the in-game sound is solid. However if the game decides to put in a soundtrack I pray it goes back to the roots of MW2 and ditches the junk music of recent entries. When I jump in the cockpit, I want the music to sound inspiring and powerful, not a generic one-track set that sounds like a high school rock band. Best option would be to allow custom music, but I have faith this game will get this right regardless of my wishes.
2. Customization--from what I've read, it seems as though customization will go back to its roots and also have a visual impact on the mech. Awesome. While customization may not have been completely accurate in MW 2 and 3, it allowed for a lot of depth and possibilities. Mechwarrior 4 and beyond felt dumbed down and too simple. I hope this goes back to the old days or finds a new healthy balance
3. This is a sim, not an fps--this was clearly stated in some of the previews much to my relief. I am tired of hanging out with the Call of Duty crowd and want to go back to intellectual gaming. Roles, balance, strategy-these are all staples of the franchise.
4. Treat the game with respect--as I have seen on the message boards, a lot of players from the 80's and 90's are flocking back to this game. For good reason too. I just hope the game not only rewards those who were there in the beginning, but also respects the years put into making this franchise one of the best.
5. Lot's of mechs--and I mean lots. I know its a task, but we all have our favorites and allowing players to use the ones they love-even if its just an aesthetic difference-will really make this game. While I understand there will be a set number at the release of the game, I don't see why we can't approach 60+ mechs with today's technology.
6. Money--I would easily shell out 80 bucks for this game if its done right. Free is even better and no doubt I will make micro-transactions-but don't abuse this feature like other games. I've read threads on here that have settled my worries, but this should always be stressed.
7. Functionality over graphics--I love a good looking game, but I don't stare at framed pictures all day for entertainment. Depth and functionality keeps players coming back, not how pretty it looks. Just look at minecraft.
That's it. The Q&A articles are comforting-the developers seem to know exactly what to do. I am psyched to see this franchise get back on its feet and even more excited because for the first time in a long time I feel like the series is getting the attention it deserves. Feels good to get back into the universe.
[spoiler] my first post...seems too easy...because it is [\spoiler]
Edited by Hawkeye 72, 09 April 2012 - 06:56 AM.


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Lady Gaga accused of manipulating 'Born This Way' sales by giving it away free
Both the Chicago Tribune and the Chicago Sun-Times have given Born This Way negative reviews. They have joined many other media outlets in saying that Lady Gagas new album certainly isnt the album of the decade. But initial sales will be decent, possibly due to the fact that Best Buy is giving the album away with sales of cell phones this coming week. An insider told me that this could add as much as 200,000 albums to her first-week tally.
One of the stipulations of the Best Buy and Lady Gaga deal is that Best Buy will count the albums they give away as actual sales. In turn, this will help Lady Gaga on Billboards charts. This is pure public manipulation, but good marketing if she isnt called on it, I am told.
Lady Gaga doesnt have to worry about her songs topping the charts either. Starting next week, Starbucks will be giving away Lady Gaga singles for free. Do you think this is chart manipulation or just good marketing?
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text: Only hotels in Tuscaloosa are listed below. Find cheap and/or discounted hotel rates in or near Tuscaloosa, AL for your upcoming personal or group trip. Discover the best Tuscaloosa Alabama hotel rooms. Review the Tuscaloosa hotel list below to find the perfect lodging. We also have a map of the Tuscaloosa hotels. Group booking? Search Tuscaloosa Group Hotel Deals


text: Trunks as men's underwear are a shorter version of boxer briefs and made in modern and traditional cuts. Malebasics offer a good selection of sexy men trunks in lace and in a variety of intricate styles. Don't wanna show your butt? No problem. Wearing sexy trunks will still give you the feeling of wearing a sexy lace thong but in a masculine and classic cut. Trunks are one of the most timeless underwear shapes in the world that you can't afford to ignore. Wearing sexy trunks will give you a shot of daily confidence to boost your day and your dates. When we say that underwear is the foundation for any outfit, get into it and try a sexy trunk! You might be surprised.


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If those trifolds and other large varieties are just too big for you, our Thin Bifold Wallet may be the wallet you're looking for. Compact yet stylish, it's got room to hold all your things without cramming your pocket full. Made from genuine leather with hand pleated corners and turned edges, this Thin Bifold Wallet boasts 6 slots for credit cards and 2 slots for receipts, so you'll have your payment cards and proof of purchase all stored together. Its slim profile lets it fold in half to easily fit inside a back pants pocket, inside jacket pocket, or in a briefcase or bag. It's not too big and it's not too small - our Thin Bifold Wallet is just right!
Our Classico Italian leather collection is a semi-aniline, drum dyed pebbled leather. It offers a little extra color and character, making it a good choice when you want your accessories to stand out. This Italian leather has a soft hand feel with intricate lines, giving it a distinct look from our smoother leathers like Vero and Zita. It comes in a wide variety of colors that you won't find in our other collections and has a polished finish to make them really shine. Its unique appearance and range of colors make it ideal for matching with purses, belts, or other leather items you own.
I have always liked a thin wallet and thought that the similar Coach product was the only choice. This one seems to be the very same wallet at a much lower price. The Coach wallets held up for more than 5 years each, if the Leatherology product holds up for a equal amount of time, this will be a great substitution.
I was really please with this product' the only thing I was like awww about was the monogram was a little smaller than I expected. But my husband he smiled from ear to ear when he opened it.
very good item was very fast del will gladly order again
Beautiful presentation. Great quality. Perfect for a gift.
Whether you are treating yourself or giving a gift to someone else, we want you to have an amazing and memorable experience. All items will be shipped using our signature gift packaging. Depending on the type and size, your item(s) will come wrapped in our signature microsuede sleeve, drawstring bag or soft velour bag (each with black tie accents), and be packaged inside a high-density bronze gift box. You will also have the opportunity to add a personalized gift note when you place your order.
All of this extra attention to detail is complimentary.


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Prepping for a Voodoo Ceremony
New Orleans: Join Samantha Brown as she shops for a special event in New Orleans.
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SYRACUSE (AP) -- A choking death has led to changes at a central New York nursing home.
The Syracuse Post-Standard reports that the Loretto Cunningham skilled nursing facility was cited Oct. 3 by the state health department for a violation that created "immediate jeopardy" of serious injury or death for residents.
Neither the nursing home nor the health department would detail how the resident died, including whether it involved eating or drinking.
But a nursing home spokeswoman says Tuesday a "quality assurance plan" is in place to make sure it doesn't happen again and state inspectors determined Sunday the violation has been corrected.
There are about 450 residents at the Syracuse facility.
(Copyright ©2012 by The Associated Press. All Rights Reserved.)


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Tachikara SVMN Volley-Lite® Composite Leather Indoor Volleyballs
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The Tachikara® Volley-Lite® indoor volleyball is crafted with a Sensi-Tec® microfiber composite leather cover for a truer touch and better control. This regulation-size ball is also 25% lighter to help younger players develop core skills with less fear of impact.
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- 22 Resorts
- Consistent Snow
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- Resorts open before those of many other states
- Home to Vail, Beaver Creek, Copper Mountain
Related Regions: Pyrenees, France, Hautes-Pyrenees
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James Cameron is launching an asteroid mining company
As if journeying down to the deepest depths of the ocean were not enough, visionary filmmaker of Titanic and Avatar, James Cameron, astonishes the world again with his latest business venture. Yesterday, a new company called Planetary Resources officially launched promising new ventures in space exploration and cosmic resource harvesting. This venture also seeks to add "trillions" of … Read more


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The Perfect Summer Cocktail Party Companion
We love Mojitos but if you've every tried making 'em for 12 or more ravenously thirsty guests -- as we have on more than one occasion, exhausting the local supply of mint, limes and patience in the process - you'll realize the appeal of such a product if done properly, and we were pleasantly surprised by this one.
We think the late, great Kingsley Amis would approve, especially as he advocated expediency in matters of dispensing drinks to several people at once. Take heed of the following however: crushed ice is essential as is fresh mint and lime for the sake of verisimilitude. A quarter of a lime and a sprig of mint per drink should do it, a fraction of what the handmade version calls for, and there's no need to get muddled.


text: On October 24-27, 2013, St. John's Law hosted its annual Peter James Johnson '49 National Civil Rights Trial Competition. Sixteen teams from law schools across the country competed in the tournament, trying cases in front of panels of prestigious judges and practicing attorneys. This year's competition fact pattern involved a dronestrike in the Middle East which killed a radicalized American. The competition's preliminary rounds were held at Nassau County Supreme Court in Mineola, NY and the quarter-final, semi-final, and final rounds were held in St. John's Belson Moot Court Room. The student participants displayed an impressive level of advocacy and professionalism throughout the competition. The final round pitted a team from Hofstra University against a team from SUNY Buffalo. Appearing before Hon. Israel Rubin , Peter James Johnson, Jr., and a jury of New York trial lawyers and judges, Hofstra University took first place. The winning team members were Kaitlyn Flynn, Jana McNulty and Eleni Aristodemo. Kelsey Leiper of South Texas School of Law School was named Best Advocate. "Mock trial competitions provide a great opportunity for law students to learn practical trial advocacy skills outside the classroom," said Kelly Dantuono '14. "This competition case was based on a civil rights violation that is a hot topic in today's news. It was a great experience as an advocate for St. John's to observe the trials and hear the invaluable critique from the judges and evaluators." Organized by the Law School's Frank S. Polestino Trial Advocacy Institute, the Peter James Johnson National Civil Rights Trial Competition is the only national civil rights trial competition in the nation. In 2008, the competition was renamed in honor of the late Peter James Johnson '49, a St. John's School of Law graduate who dedicated his legal career to excellence in the practice of law.


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We travel to this area a lot has we have family and a project there . We decided to stay some where different for a change and after searching the internet we came across Il Milione and are we glad we did. When we arrived it was love at first sight . Just the place to get away and relax.... More
- Official Description (provided by the hotel):
- At the heart of Friulian countryside, 2 Km from the River Stella Reserve and just a few minutes from Lignano's golden beaches, an ancient farm, dating back to 1764, the former property of the noble Mocenigo family from Venice, has been restored to its original beauty. Today, thanks to the painstaking refurbishment, the Milione is the leading Country House in the Friuli Venezia Giulia region. The Milione Country House provides a traditional Friulan welcome to those who want to get back to nature at the same time as enjoying all the conforts and benefits of a hotel. An ideal place for those who wish to regain their privacy and choose a holiday marked by slow and relaxing rhythms.The Milione Country House offers comfortable flats with kitchen facilities, with separate double bedrooms, common spaces for recreation and reading and a large private garden. The veranda provides a panoramic view, overlooking the vineyards surrounding the property. Conference and seminar meetings are also catered for. Please email for further information. In June 2009, the 16 mt. swimming-pool with Jacuzzi was installed, providing a large Solarium area. A poolside Bar service is available for guests during pool opening hours. Special attention is devoted to the catering services on offer: In the morning, guests can enjoy a buffet breakfast in the veranda. The Country House is the perfect location for the ideal starting point to discover the beautiful and tranquil Friuli Venezia Giulia region ... more less
- Reservation Options:
- TripAdvisor is proud to partner with Booking.com and Priceline so you can book your Il Milione Country House reservations with confidence. We help millions of travellers each month to find the perfect hotel for both holiday and business trips, always with the best discounts and special offers.


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Introducing the Zeiss Optics 6x18 Monocular Telescope 605251. Featuring an impressive 6x power range, this 6x18 mm Zeiss Optics Monocular is perfect for any user. Zeiss Optics made this Monocular portable and easy to carry, the Zeiss 6 x 18 Telescope Monocular is the perfect companion for hiking or any outdoor activity. We offer only genuine Zeiss Optics products, authorized for sale in the U.S. and other markets, so you can be sure that you are buying authentic Zeiss Optics Spotting Scopes and Monoculars with a full manufacturer's warranty in addition to our own 100% Satisfaction Guarantee.


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Human Capital:
Trends in Executive and Judicial Pay
GAO-06-708, Jun 22, 2006
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Critical to the success of the federal government's transformation are its people--human capital. Yet, the government has not transformed, in many cases, how it classifies, compensates, develops, and motivates its employees to achieve maximum results within available resources and existing authorities. GAO has reported that the federal government as a whole may face challenges in offering competitive compensation to its senior leaders who have reached a statutory pay cap. As requested, GAO (1) provided trend data for basic pay rates of selected federal executive and judicial pay plans from 1970 to 2006, (2) identified elements of total compensation for the selected pay plans in 2006, and (3) identified principles for any possible restructuring of these pay plans. We selected 1970 as a baseline because salary increases went into effect in 1969 for executive-level positions as recommended by the Commission on Executive, Legislative, and Judicial Salaries. The pay plans cover the following--career Senior Executive Service (SES), administrative law judges (ALJ), senior-level (SL), Executive Schedule (EX), scientific or professional (ST), and members of Boards of Contract Appeals (BCA), as well as federal justices and judges--the Chief Justice, associate justices, circuit judges, district judges, and judges of the U.S. Court of International Trade.
The basic pay rates for all of the selected federal pay plans increased in nominal dollars from 1970 to 2006. However, when adjusted for inflation to 2006 dollars using the Gross Domestic Product price deflator, the pay rates for those under the EX pay plan and the federal justices and judges decreased and the pay rates for the SES, SL/ST, and ALJ positions increased. For example, in 1970, cabinet secretaries were paid $250,204 (in 2006 dollars) compared to $183,500 in 2006. Their pay actually declined in value by about 27 percent during this period. In 1970, ALJs were paid $148,058 (in 2006 dollars) compared to $152,000 in 2006. Their pay increased in value by 3 percent during this period. In comparison, when adjusted for inflation to 2006 dollars using the Consumer Price Index, the pay rates for all of the selected pay plans decreased. For example, pay actually declined in value forcabinet secretaries and ALJs by 41 percent and 17 percent, respectively. The elements of total compensation vary among the selected pay plans. For example, SES and SL/ST positions may receive cash awards/bonuses, while, at present, selected EX positions, ALJs, BCA positions, and federal justices and judges do not due to the nature of the positions. All of the positions within the selected pay plans may receive noncash or deferred benefits, such as health and life insurance, retirement, and access to child care facilities. However, there are differences in retirement, such as larger benefits, for federal justices and judges compared to other executive-level positions. Regarding any possible restructuring of these pay plans, certain principles should be considered to attract and retain the executive leadership necessary to address 21st century challenges. The pay plans should be sensitive to hiring and retention trends; reflective of responsibilities, knowledge and skills, and contributions; transparent; market-sensitive; flexible to economic change; sustainable; and competitive. Going forward, there are several illustrative issues that deserve further reconsideration--maintaining a reasonable relationship in total compensation across executive-level positions; recognizing equity issues in the basic pay rates within the same position, such as inspectors general; considering performance-based bonuses with appropriate safeguards for positions that do not receive them including selected EX positions, ALJs, BCA positions, and federal justices and judges; and recognizing anomalies between comparable pay plans, such as SES and SL/ST, in terms of basic pay caps, as well as aggregate pay (basic pay plus cash awards/bonuses).
Jul 18, 2013
Securities and Exchange Commission
Jul 8, 2013
Defense Acquisition Workforce
Apr 16, 2013
Acquisition Workforce
Mar 15, 2013
Housing and Urban Development
Jan 23, 2013
Acquisition Workforce
Dec 14, 2012
DOJ Workforce Planning
Dec 3, 2012
DHS Strategic Workforce Planning
Nov 13, 2012
Countering Violent Extremism
Sep 19, 2012
Human Capital Management
Jul 12, 2012
Human Capital
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The Norsemen Restaurant
Online Reservations
Les and the team at the Norseman continue to provide a great dining experience in Muskoka. Worth the trip from Dorset , Baysville, Dwight, Bracebridge or Huntsville, you will not be disappointed. If you have not tried the Norseman, you owe it to yourself to do so.
This restaurant is part of a small cottage community and is housed in an 1867 house that could stand some work outside. Don't let this scare you as the restaurant has been listed in where to eat in Canada and once inside the food is fantastic and the wine list extensive. The lobster ravioli starter was some of the best we have ever had. Venison can be quite dry but my entre was done to perfection with a nice sauce. My partner's salmon was superbly cooked and wrapped in a phyllo pastry which was very light. The entrees included rice with the salmon, roast potatoes with the meat and superbly cooked mixed vegetables with both. The German chocolate cake dessert was outstanding. Service by the owner was excellent and the wine choices very good
Went to the norsemen for the second time in a week. This time it was for Friday night Schnitzel Night. Best Jager Schnitzel we have had in a long time including the one we had in our recent trip to Vienna. Quite well prepared with accompanying house potatoes and mixed vegetables done to perfection. Price was right at $16.00. As before service was excellent and wine list extensive. Started(again) with the Lobster ravioli which just as good as the previous time. Would have eaten on the screened in porch but it started to rain so went inside. Can't say enough good things about this eclectic restaurant in a peaceful location
We had the Friday night Veal Special !!! Exellent!! Freindly service , great view of the lake. What,s not to like ???
I had the Trout and my partner had the Rack of Lamb. Both exquisite. The service was good and the house red will be one i will look for in the Liquor store.
This is a great place for special occasions when in cottage country. The tables are well spaced and chairs comfty and decor is soothing. The exterior may be a tad off-puting for the hyper critical. It is an older building and it is holding up very well as such. The menu is not overly long but there are excellent choices for every palate. The food is good ,salads very fresh , and the preparation is done by a kitchen that cares what leaves their hidden kingdom, We have been dining here at least twice a summer for a number of years and have never been disappointed.
My wife and I recently dined at the Norsemen restaurant outside Huntsville, Ontario, in celebration of our wedding anniversary. The menu was well presented, service - very good, recommended New Zealand wine at excellent price. Lovely dessert and ambiance.
No need to dress up. Your on vaca. Food amazing & have a lovey chat with the owner.
We have been to The Norseman a few times, and neve been disappointed. Attentive staff, beautiful location and excellent food all make this one of our favourite places to eat in the Huntsville area.
It was our first time there and it was excellent service for a cottage country restaurant. Staff was friendly and attentive. Food was excellent and presentation was well done.
Wehad a most enjoyable evening at THE NORSEMEN, great food, great atmosphere and great service !! We will definitely return.
service was very accommodating. although it was cool outside, there was no problem for the wait staff to come outside for us. Staff from the restaurant talked to us about the history of the old buildings and area, without giving you the feeling they were being taken away from more important tasks. Food was fresh and well-prepared. View over the lake was beautiful for a late summer dinner. At no time did we feel rushed.
The Norseman was a lovely spot to take a friend to celebrate a milestone in his life. It is a memory- maker restaraunt; with the quiet atmosphere, deer sightings through the window, warm fire and service and excellent food. It is definitely a secluded gem to return to in creating special memories.
We had a great evening in this quiet spot on the water just outside of Huntsville. The lodge is 'Old Muskoka' as is the setting, the service was very good; friendly, warm, and efficient. The food was outstanding. This very competent and creative chef presents a small but comprehensive menu of standards with a twist, expertly rendered.
We were staying nearby and the location was ideal. Nice warm and comfortable athmosphere. We both had the Thanksgiving Special although there were good options on the A La Carte. Food was very good, cooked well and presented well. Staff were friendly and attentive although the restaurant was only half full as we dined early. Would recommend the Norseman for a nice evening out for anyone staying in the Huntsville area.
This was our third time dining at the Norsemen and we have never been disappointed. The exterior still has not been painted but the food and service both continue to be excellent. My wife opted for the onion soup and phyllo crusted salmon. The soup was very tasty and served at just the right temperature and the crust on the salmon was very thin with lots of salmon inside. A lot of places give you all crust and little salmon. My pumpkin soup was just the right consistency and temperature and the bison steak was very tender. The blueberry sauce on the bison was an interesting touch and while it might sound unusual was a very good combination. The bread pudding dessert was to die for. As usual service was attentive but not overbearing.


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Liberty and Tyranny : A Conservative Manifesto
Overview - Conservative talk radio's fastest-growing superstar is also a "New York Times" bestselling phenomenon: the author of the groundbreaking critique of the Supreme Court, "Men in Black," and the deeply personal dog lover's memoir "Rescuing Sprite," Mark R. Read more...
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Published: 2009-03-24
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More About Liberty and Tyranny by Mark R. LevinOverviewConservative talk radio's fastest-growing superstar is also a "New York Times" bestselling phenomenon: the author of the groundbreaking critique of the Supreme Court, "Men in Black," and the deeply personal dog lover's memoir "Rescuing Sprite," Mark R. Levin now delivers the book that characterizes both his devotion to his more than 5 million listeners and his love of our country and the legacy of our Founding Fathers: "Liberty and Tyranny" is Mark R. Levin's clarion call to conservative America, a new manifesto for the conservative movement for the 21st century.
In the face of the modern liberal assault on Constitution-based values, an attack that has steadily snowballed since President Roosevelt's New Deal of the 1930s and resulted in a federal government that is a massive, unaccountable conglomerate, the time for re-enforcing the intellectual and practical case for conservatism is "now." Conservative beliefs in individual freedoms do in the end stand for liberty for all Americans, while liberal dictates lead to the breakdown of civilized society -- in short, tyranny. Looking back to look to the future, Levin writes "conservatism is the antidote to tyranny precisely because its principles "are" our founding principles." And in a series of powerful essays, Levin lays out how conservatives can counter the liberal corrosion that has filtered into every timely issue affecting our daily lives, from the economy to health care, global warming, immigration, and more -- and illustrates how change, as seen through the conservative lens, is always prudent, and always an enhancement to individual freedom.
As provocative, well-reasoned, robust, and informed as his on-air commentary, Levin's narrative will galvanize readers to begin a new era in conservative thinking and action. "Liberty and Tyranny" provides a philosophical, historical, and practical framework for revitalizing the conservative vision and ensuring the preservation of American society.
Details- ISBN-13: 9781416562856
- Publisher: Threshold Editions
- Publish Date: March 2009
- Page Count: 245
Related Categories
Books > Political Science > Political Ideologies - Conservatism & Liberalism


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We have a location for it now as well: Randa, Switzerland. If that name sounds familiar, that's because we held Tokamak III there. It's so beautiful, we just had to go back. Ok, and having Mario offer to host it along with two other sprints helps. (Mario is a superhero of developer springs; I think that KDE e.V. should sponsor a superhero costume for him: Sprint Man! But no capes!) Mario being in Zürich is also a bonus, as it will make it easy for me to collaborate with him on logistics starting in March. The sprint is currently scheduled to take place on the first week of June.
There is the usual sprint planning wiki page for it and the number of people who have already signaled interest is great. I want to see a good mix of kdelibs hackers, packagers, developers and our key partners such as Qt devs there.
What is the goal of this sprint? To lay down a near-future practical roadmap that covers the next 2 or so years of development for kdelibs, kde-runtime and our engagement of the platform ecosystem around us. Getting down to work will also be important, so that we can leave not only with plans but also something to show for it all, even if it is just early steps, in the source code.
The participants will ultimately end up driving the actual topics and direction, let alone the conclusions, but here are the points likely to be hot at this sprint:
- Modular, Baby! Did you know Solid only depend on QtCore? What other dependency chains can we streamline? How can downstream packaging strategies shift to reflect these changes so more app developers can take advantage of this progress?
- Mission: Platform Profiles In 2010, we began the work of creating target platform profiles, particularly to differentiate mobile, tablet and desktop usage of the libraries. We have a lot more knowledge of the internal and external needs after this early effort, and need to take it to a compelling milestone.
- The Orphans of 4.0. Some areas of kdelibs did not get the API and design love they deserved, and other libraries got, leading up to 4.0. KIO is one such library. We need concrete plans for them.
- Embracing and Extending Qt Ok, that's a phrase that's most often associated with nefarious plots to do nasty, predatory things to other people's technologies. In this case it's completely friendly, however. We have a number of open questions regarding the role of KDE's libraries and Qt, how to best roll in things like QtQuick effectively without it feeling like a tack-on, how to identify and limit duplication between Qt and KDE libraries, etc. There are many opportunities here to broaden our reach, gift more app devs with ever better tools and help make Qt rock harder. (Relevant to recent bits of news: I've already invited dconf-qt devs to join us for this part.)
If that doesn't sound exciting and challenging to you, you probably aren't a library developer. ;) To me, however, it gives me that feeling I get when at the top of a roller coaster hill: excitement mixed with a little stomach churn. It's going to be an amazing ride.
To get involved, please add your name to the wiki page. If you have already added it, please make sure that it contains approximately how much it will cost to get you there so that I can do up a budget for KDE e.V. to take under consideration. I do need to start adding more meat to the bones of that wiki page as well, and will do so over the next few weeks. I'll keep you all posted.
Oh, and we need a kick ass logo for the event, too. Preferably with a George Clooney reference in it. Ok, maybe not. We do need a logo, though. ;)


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Columnists Spirituality
A Christian attitude regarding the salvation of non-Christians
Friday, 24 February 2012 00:00
As Christians, we are asked to carry a very real tension in terms of how we understand the salvation of non-Christians because we have two seemingly conflicting teachings within our Scriptures and our tradition.
The Whole Body Learner: Gifted for moving!
Friday, 24 February 2012 00:00
Parents and teachers: Do you have a Whole Body Learner in your life?
A Rice Bowl for all
Friday, 17 February 2012 00:00
When I first heard about Operation Rice Bowl at my parish in America, I thought they were talking about something I knew so well from Chinese culture. I don't have to tell you that the Chinese people eat a lot of rice — you have been to enough Chinese restaurants and seen enough Chinese landscapes with rice paddies to know that. But rice bowl was a term I heard all the time, and not just at mealtimes.
In gratitude
Friday, 17 February 2012 00:00
As a columnist, I've always harbored a certain paranoia about being overly-personal or exhibitionistic in my writing, or in thinking that my own emotional ups and downs are of interest to others. I've tried to respect that fear.
On mourning and dancing
Friday, 10 February 2012 00:00
Henri Nouwen used to publish some of his diaries under the title, "On Mourning and Dancing." The title was wholly appropriate since those diaries chronicled much of his own struggle to give public expression to what was bubbling up inside of him and, at the same time, respect a highly sensitive self-consciousness and reticence that made him hesitate to publicly express those same feelings.
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Prayer of the Month
Papal intentions for November: That priests who experience difficulties may find comfort in their suffering, support in their doubts, and confirmation in their fidelity. That as fruit of the continental mission, Latin American Churches may send missionaries to other Churches.Papal intentions for December: That children who are victims of abandonment or violence may find the love and protection they need. That Christians, enlightened by the Word incarnate, may prepare humanity for the Savior's coming.


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Image: Kenn Brown, Mondolithic Studios
In Brief
- Quantum mechanics is usually thought of as inherently discrete, yet its equations are formulated in terms of continuous quantities. Discrete values emerge depending on how a system is set up.
- Digital partisans insist that the continuous quantities are, on closer inspection, discrete: they lie on a tightly spaced grid that gives the illusion of a continuum, like the pixels on a computer screen.
- This idea of pixilated, discrete space contradicts at least one feature of nature, however: the asymmetry between left- and right-handed versions of elementary particles of matter.
More In This Article
Editors' note: Last year the Foundational Questions Institute's third essay contest posed the following question to physicists and philosophers: "Is Reality Digital or Analog?" The organizers expected entrants to come down on the side of digital. After all, the word "quantum" in quantum physics connotes "discrete" —hence, "digital". Many of the best essays held, however, that the world is analog. Among them was the entry by David Tong, who shared the second-place prize. The article here is a version of his essay.
In the late 1800s the famous german mathematician Leopold Kronecker proclaimed, "God made the integers, all else is the work of man." He believed that whole numbers play a fundamental role in mathematics. For today's physicists, the quote has a different resonance. It ties in with a belief that has become increasingly common over the past several decades: that nature is, at heart, discrete—that the building blocks of matter and of spacetime can be counted out, one by one. This idea goes back to the ancient Greek atomists but has extra potency in the digital age. Many physicists have come to think of the natural world as a vast computer described by discrete bits of information, with the laws of physics an algorithm, like the green digital rain seen by Neo at the end of the 1999 film The Matrix.
This article was originally published with the title The Unquantum Quantum.
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Along the coastal shores of North Carolina is Wilmington. Known as the Port City, Wilmington is situated between the Atlantic Ocean and the Cape Fear River. This makes visits to the beach easy and convenient and even more perfect for anyone who may be in the market for Wilmington apartments for rent.
EUE/Screen Gems Studios, a film and television production location, is also located in Wilmington and served as the set for popular television series, including One Tree Hill and Dawson's Creek. There's no need to visit the hectic city of Los Angeles when you can find the next big movie star just around the corner, or you could even land yourself a spot on a show as a character or extra!
Living in Wilmington
The city was incorporated in 1739 and is named after the Earl of Wilmington. Once the largest city in North Carolina, the city remains a major port and appears to have a magnetic pull on beach lovers from all over the United States. Wilmington apartments for rent won't leave you too far from fun in the sun at Wrightsville Beach, North Carolina's most accessible beach from I-40. Feeling the sand between your toes will make it your favorite hot spot, especially if you enjoy water activities like sailing, fishing or surfing. If you enjoy staying on land over water, then a drink in the sun or a game of beach volleyball is always an option.
More than 106,000 people call this charming Southern city home and many like to enjoy nights out on the town in one of the several neighborhoods that make up Wilmington. Bellville, Hampstead, Rocky Point and Wrightsville Beach are considered just some of the most popular neighborhoods in the city.
Wilmington apartments and cost of living
More than half of the residents living in Wilmington choose to rent, but that doesn't limit renting options. Due to the large student population from the University of North Carolina, Wilmington, and the city's reputation as a tourist destination, Wilmington apartments for rent are still plentiful and affordable. The median rent asked is higher than North Carolina's median but comparable to the national median rent. You can also expect to pay between $3.57 and $3.79 for a gallon of gas, lower than in other areas of the country.
If you're looking for low income housing, the Wilmington Housing Authority can provide a helping hand for lower earning families and individuals looking for Wilmington apartments. The North Carolina Division of Social Services' Work First offers job and training assistance to lower earning families through the Temporary Assistance for Needy Families program.
Wilmington apartments work and study
The University of North Carolina, Wilmington, is one of the state's most popular universities, with over 13,000 undergraduate and graduate students studying in a variety of nationally recognized programs. UNCW is also home to the only underwater ocean laboratory in the United States and is great for anyone who wants to pursue a career in marine biology. Prospective students looking for a community college can attend Cape Fear Community College. Wilmington apartments are great for students seeking degrees in higher education as well as the working population.
Education and healthcare are also top employers in the area offering opportunities to those living in Wilmington apartments. The New Hanover Health Network is the areas top employer with more than 4,700 employees while New Hanover County Schools serve as the next largest source for employment.
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Cloud providers of various sorts recognize that while the cloud-based, hosted IT services model sounds simple enough, there is much complexity involved in developing cloud stacks.
As a result, companies are offering differentiated services, including educational programs and management services programs.
Continue on and check out this week's cloud activity.
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Online Store
The Official Online RBS 6 Nations Store is open. The store has everything you need to get behind your team during the RBS 6 Nations, plus the store is now fully stocked with a much wider range of rugby merchandise.
But the 34-year-old has not turned out for Leinster since tearing his calf against Cardiff Blues on September 27 and will miss at least another week after being ruled out of the Heineken Cup clash with Castres.
And with Ireland set to welcome Samoa to the Aviva Stadium on November 9, O'Connor could not put a definite date on O'Driscoll's return.
"Brian won't play this week," O'Connor said. "He's still struggling with that calf. The medics are pretty confident that he'll be back involved some time soon.
"It's a little bit loose. Calf strains are calf strains and it's about ticking boxes day on day just to see where he gets to.
"He can't play this week, we hope he plays next week. It's yet to be determined. It's certainly not going to be months, but who knows?"


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I have a nested action in OmniFocus. The first task in the list has a due date today. I would like the second task obtains due date "tomorrow" automatically after I close the fist task.
I know how to create the same with repeated tasks but not for siblings under a nesting action.
Could you please answer if it is possible and how?


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That's all for today - thanks everyone for reading this blog and posting your comments.
As Chinese diplomats and executives are expressing "shock" and "dismay" over the government's decision to uphold the ban on Huawei's participation in the NBN, foreign investment sceptic and Agriculture Minister Barnaby Joyce was busy building some bridges today:
Building relationships with critical trading partner. Enjoyed meeting Chinese Ambassador Ma Zhaoxu. ^KF pic.twitter.com/tCLupoFjjb
— Barnaby Joyce (@Barnaby_Joyce) October 30, 2013
The share market has closed higher, but investors remained cautious ahead of the outcome of the Federal Reserve's monetary policy meeting, which is expected early tomorrow morning.
The benchmark S&P/ASX200 index gained 15.4 points, or 0.3 per cent, to 5430.9, while the broader All Ords added 14.7 points, or 0.3 per cent, to 5425.4.
Among the sectors, small gains in financials (+0.1 per cent) and larger ones in consumer staples (+0.7 per cent) and consumer discretionary (+0.8 per cent) outweighed losses in the gold sector (-1.9 per cent) and a flat materials sector.
NAB shares are down almost 1 per cent ahead of the bank's earnings report tomorrow. And that's after a flat performance on Tuesday.
NAB's slide bucks the gains by the other big four banks today. The financials sector has performed well on the ASX200, and is up 6.2 per cent this month.
Since the start of October, CBA is up 5.8 per cent, ANZ up 3 per cent and Westpac up 2.1 per cent. The share prices of all the three banks have also reached all-time highs this month.
In contrast, NAB shares have gained just 2 per cent for the month but are still near six-year highs.
Paul Krugman has taken a swipe at debt fetishists such as Harvard economists Kenneth Rogoff and Carmen Reinhart who constantly warn us that too much government debt causes terrible things like soaring interest rates and wrecked economies.
In his blog, the Nobel laureate published a pretty cool chart he found on the Bank of England's website. It's a chart that shows 300 years of British debt and interest rates, which directly contradicts the debt warners.
The chart shows many long stretches in which England carried a ratio of debt to GDP well above the 90 per cent threshold that Rogoff and Reinhard deemed to be harmful to economies.
In the chart, you can see that England's debt-to-GDP ratio rose steadily for more than a century starting in 1700, reaching more than two times GDP by 1825. Contrary to the warnings of Reinhart and Rogoff, however, British interest rates fell steadily between 1800 and 1900.
"You might think that these data, and the relationship they show — or, actually, don't show — should have some impact on our current debate, especially given the tendency of many players to reject modelling and appeal to what they claim are the lessons of history. Or are they claiming that this time is different?," Krugman writes, in a reference to Rogoff and Reinhart's book.
The blue line is the ratio of public debt to GDP, the red is the yield on government debt.
Chinese iron ore futures gained today after a seven-day decline as Shanghai steel prices edged off four-month lows, although the modest increases suggest investors remain cautious on the outlook for demand amid a tepid steel market.
Appetite for iron ore cargoes for immediate delivery to China was limited on expectations prices could drop further, traders said, with spot rates drifting to their lowest level since mid-September.
The most briskly traded iron ore contract for May delivery on the Dalian Commodity Exchange was up 0.4 per cent at 921 yuan ($US150) a tonne this afternoon. It touched 913 yuan on Tuesday, its lowest since the contract debuted on October 18.
"These gains are largely in line with firmer equities, but demand for iron ore in the physical market remains weak," said a trader in China's eastern Shandong province. "We're only looking to buy Dalian when the price comes down to 900 yuan."
Spot iron ore slipped 0.4 per cent to $US131.30 a tonne yesterday, the lowest since September 17.
"The general feeling is that the market will continue to drop especially for lower grade cargoes of between 56-58 per cent (iron content) where there's plenty of supply," said a Shanghai-based trader.
Glenn Stevens successfully talked down the dollar yesterday, saying the fundamentals don't stack up for the currency which ought to decline in value over the medium term.
But Citigroup's global head of macro strategy, Jeremy Hale, thinks the dollar is more likely to strengthen rather than weaken, and parity isn't out of question.
Speaking at a Citi conference in Sydney earlier today, Hale said recent falls in the dollar, including in the last 24 hours, were likely a consequence of currency traders 'over-shooting on the downside', rather than being a signal of a medium-term downward trend.
Hale said that, based on a model that uses four main 'drivers' of the currency - a weak US currency, positive risk appetite, high terms of trade and a positive carry trade - Australia's dollar would likely remain relatively strong:
- According to our model ... fair value on these drivers will give you parity on the Aussie dollar, so the dollar has overshot on the downside and could still appreciate a little bit.
- Medium term some of these things will be less positive, especially the terms of trade ... but I don't think it's going to be weakening significantly any time soon.
Earnings take a step back over the next 24. It's now all about Fed policy and while the accompanying statement will contain limited information, it's the event the market needs to put them closer to the same page of the Fed collective, IG's Chris Weston notes:
- The investment and trading community always need to align positioning to that of Fed rhetoric, and while the market feels March is the right date for tapering (despite the weakening trend in data), we need to know that March is a date the Fed is eyeing as well.
- Given the capital markets are defined by central bank policy, we need to know what the Fed is currently thinking and what the potential triggers are for tapering (or increasing its asset purchase plan) are, and from here traders can assess whether the S&P 500 at 1772 or the US dollar index at 79.65 are right. Let's hope some sort of clarity prevails after today's FOMC meeting.
Regional markets are higher today, as investors bet the Fed will further delay its taper and focus on company earnings.
- Japan (Nikkei): +1.2%
- Hong Kong: +0.8%
- Shanghai: +0.8%
- Taiwan: +0.1%
- Korea: +0.1%
- Singapore: +0.1%
- New Zealand: +0.3%
''Company earnings will grow,'' says Wellian Wiranto, a Singapore-based investment strategist at the wealth-management unit of Barclays. ''Asian companies will benefit from the region's robust medium-term economic growth. The Fed is likely to wait until at least March next year before embarking on that journey, leaving more breathing space for global markets.''
The Motleys have taken a closer look at the battle for Warrnambool after Lion yesterday came out of the blue to take a 10 per cent blocking stake in the dairy company:
- The story still has more twists and turns to take, but with Lion holding a 10 per cent stake in Warrnambool, the chances of a takeover going ahead appear to have fallen dramatically.
- As a result, downside risk to the share price has increased, while the upside might be limited.
- Existing shareholders may want to take some or all of their money off the table.
Here's a bit more on what the ACCC's Rod Sims spoke about in Canberra today:
Sims said he welcomes a code of conduct for supermarkets, but warns that there is no point having it unless it is "workable and enforceable".
"Our view is that if there is to be a code it should be effective; otherwise it would be better to have no code," Sim said.
"While the code may be seen as increased regulation in Australia it may help address these broader issues resulting from market structure and market power which have arisen through our supermarkets investigations."
He added that there are laws addressing unfair conduct between large retailers and their treatment of suppliers in other developed countries such as the UK, Japan, Korea and Italy.
Coles and Woolworths have been working with food and grocery suppliers on a voluntary code of conduct.
BlackRock chief Laurence Fink, whose company is the world's largest money manager with $US4.1 trillion in assets, says US Federal Reserve policy is contributing to "bubble-like markets."
"It's imperative that the Fed begins to taper," Fink said overnight at a panel discussion in Chicago, referring to the central bank's $US85 billion in monthly bond purchases. "We've seen real bubble-like markets again. We've had a huge increase in the equity market. We've seen corporate-debt spreads narrow dramatically."
The Fed in September decided against reducing the bond purchases as economic growth remained muted. Following a partial US government shutdown this month, policy makers at their meeting tonight are expected to again delay slowing the stimulus until at least March.
The Standard & Poor's 500 Index has gained 24 per cent this year, after advancing 13 per cent in 2012.
"We have issues of an overzealous market again," Fink said at the event.
It has been a rollercoaster ride for Crown shares on the back of their AGM, where James Packer revealed its initial US$600M investment in a Macau casino was now worth $US6.2 billion.
Shares fell as low as $15.87 but in early afternoon trade, they are up to $16.75.
Also giving Crown shares a boost today is a report from UBS raising its valuation to $19.35 based on a revision of the earning prospects of its Macau venture, Melco Crown.
UBS values the Melco Crown stake at around $7.5 billion, only marginally less than its $8.1 billion valuation of its two Australian casinos in Melbourne and Perth.
Leighton says it intends to ''vigorously defend'' a class action claim lodged against it in the Federal Court.
The construction major said it had received notification that lawfirm Maurice Blackburn had filed a class action claim in the NSW Federal Court. Maurice Blackburn has previously foreshadowed a class action against the company.
The claim relates to the 11 April 2011 disclosure by Leighton of a revision of its profit forecast for the 2011 financial year, Leighton said.
The latest action follows a separate class action filed this month in Victoria, where Leighton was accused of falsely playing down its alleged involvement in corruption last year, leading to massive share price falls.
Melbourne solicitor Mark Elliott this month filed an action in the Victorian Supreme Court seeking damages on behalf of 10,000 shareholders.
There's been plenty of activity surrounding companies involved in the food industry of late - see WCB - and a lot of investors are wondering how they can get themselves a bit of the action.
The AFR Smart Investor's Trevor Hoey has put together a list of ten stocks to satisfy a hunger for value:
The good news for investors is you don't have to buy Woolworths or Wesfarmers to gain leverage to our hunter and gatherer instincts; there are many greener pastures with better value on offer.
One issue at the back of investors' minds when looking at this sector will be that of corporate activity, given developments surrounding stocks such as GrainCorp, Warrnambool Cheese and Butter and Bega Group. Indeed, a number of the stocks on our list are potential takeover targets given their niche markets, strong industry position and relative undervaluation on an international peer basis.
Among the stocks he reckons are worth taste-testing are AACo, Domino's, Goodman Fields and Bega Cheese.
For the full list and reasons why Trevor chose the stocks, click here (no paywall).
The official inflation rate may be 2.2 per cent, but for most Australians the cost of living is scarcely rising.
New estimates released today by the ABS show that for households headed by working Australians the cost of living climbed just 0.9 per cent in the year to September.
The estimates are lower than the official inflation figure because they include the cost of mortgage repayments, which has been sliding.
During the year in which the costs faced by working Australians climbed 0.9 per cent the wage price index climbed 3 per cent.
Cost of living pressure eases
The cost of living has fallen relative to wages, according to new figures released on Wednesday. Analysis with Peter Martin.
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Retailer JB Hi-Fi says it is on track to meet its full year sales targets as it continues to open new stores expands into the home appliances market.
The company's total sales rose by 8.1 per cent in the three months to September 30, while comparable sales growth in that period was 2.9 per cent, chief executive Terry Smart said.
JB Hi-Fi still expects to grow sales by between six and eight per cent in the 2013-14 financial year, he said.
The electronics retailer expects to open 12 new stores in the year, and a further ten stores will be converted to a new home goods format.
Shares are up 4.2 per cent at $21.41 on the news.
Good year for JB Hi-Fi: shares have more than doubled since the start of the year as investors snap up retailers.
Here's one to stir the juices at midday: Chinese property 'raiders' - more scare than fact, writes SQM Research chief Louis Christopher:
This fear that the Chinese might buy all our property once again is nothing but xenophobia.
So far, the reports have mainly come from columnists, some real estate agents and property buyers who have missed out on the purchase. I would very much like to know how these participants have managed to work out that the Chinese-looking buyers they refer to (who were successful bidders) were not Australian citizens.
And this is the problem: there is no hard data at all to back up the severity of the concern.
To this end the Foreign Investment Review Board has been rather secretive in not providing data to the public on direct purchases of local real estate by foreign investors. They certainly have the data to publish, but they refuse to do so.
The rules regarding foreign investment in existing property are very clear.
Telstra is suing national broadband network builder NBN Co in the NSW Supreme Court over the timing of its payments to rent Telstra's pits and ducts for $11.2 billion.
The $11.2 billion deal, which took more than two years to negotiate, gives NBN Co rental access to the huge network of underground pits and ducts that contain Telstra's phone network. NBN Co is set to use them to house fibre optic cabling and connect homes to the high-speed fibre network.
It is understood that while Telstra believes the payments should have been indexed to 2011 when the two companies agreed on a deal, the AFR says. But NBN Co believes they should be linked to 2012 when Telstra shareholders ratified the contract.
If the court finds the case in favour of Telstra, it could mean it could get over $100 million.
Telstra shares are up 0.4 per cent at $5.18.
The competition watchdog has renewed its criticism of Coles and Woolworths' shopper docket petrol discounts, saying it is concerned the two supermarket chains have increased their use despite previous warnings.
The chairman of the Australian Competition and Consumer Commission, Rod Sims, said in a speech today that despite the short-term benefit to some consumers, there was likely to be "substantial ... harm to competition and the competitive process, and therefore to other fuel retailers and other consumers".
"I am concerned about the escalating shopper docket petrol discounts, now reaching up to 45 cents per litre in some cases," Mr Sims said at the Australian Food and Grocery Council Industry Leaders Forum in Canberra.
"I am also concerned that despite placing retailers on notice about our concerns, the behaviour has continued and indeed escalated."
Mr Sims added that the ACCC had no power to ban shopper dockets, and did not want the power to ban promotions. Its role was instead as an investigator of market activity, with the courts taking on the enforcement role.
Sales of new homes in Australia boasted their biggest monthly gain in September since April last year as low mortgage rates and the outlook for rising prices attracted more buyers, an industry survey showed on Wednesday.
The Housing Industry Association (HIA) said its survey of large builders showed sales of new homes jumped a seasonally adjusted 6.4 percent in September, from August. The total level of sales was also the highest since June 2011.
Sales of new detached houses rose 4.5 percent, while the volatile multi-unit sector enjoyed an increase of 19.9 percent.
"There is clear upward momentum in detached house sales which grew by 3.7 percent in the September quarter to be up by 25.2 percent when compared with the same quarter last year," said HIA chief economist Harley Dale. "This September outcome is very positive."
From red to black: it looks like Fortescue's tenements in the Pilbara region of WA contain significant volumes of thermal coal.
The suggestions were made by ASX listed gold miner Northern Star, which has an agreement with Fortescue to explore for commodities other than iron ore on Fortescue's turf.
Northern Star has come out of a trading halt today after announcing that it found the thermal coal on its tenements, and said it believes the coal spreads onto Fortescue's territory as well.
Northern Star said the discovery was still very preliminary, but could support a coal fired power station in the Pilbara, or a coal to liquids project.
Shares in Northern Star were close to 3 per cent higher today on the back of the news.
James Packer seems to have the golden touch with casinos - the gambling magnate telling Crown investors the initial $600m investment in a Macau casino is now worth over $6 billion.
Speaking at the company's AGM in Melbourne, Packer said he is looking forward to repeating Macau's success with other projects.
''Crown's large and on-going investment in tourism assets is testament to the fact that we have a strong belief in the incredible power of the rising Chinese and Asian middle class,'' Mr Packer said.
It is a bet he is also aiming to repeat in Sri Lanka with a proposed casino resort targeted at the growing wealth on the island nation's doorstep.
The resort will ''play a significant role in helping to drive increased international in-bound tourism, especially from the emerging middle classes in India,'' Mr Packer said.
Cashing in: James Packerat the launch of the casino in Macau. Photo: AP
De Bortoli Wines, one of Australia's largest family-owned wine groups, has swung back into profitability after posting a $24.7 million loss in 2012 as rising equities markets helped boost the winemaker's extensive share portfolio with costs at its wineries also bolstering the bottom line.
Documents obtained by Business Day show De Bortoli Wines, the third-generation wine group founded by Vittorio and Giuseppina De Bortoli in 1928, recorded a full-year net profit of $5.041 million for fiscal 2013.
Revenue for the period was slightly down to $166.63 million from $167.65 million.
De Bortoli is the first large family owned wine company to report its earnings for fiscal 2013 with others to follow soon, throwing a light on the performance of some of Australia's most well known and iconic wine brands in the face of the high Australian dollar, import competition and a downturn in general trading conditions.
Traders were unwinding their positions in the US dollar overnight ahead of the Fed's meeting tomorrow morning, triggering a fall in the Australian dollar and other currencies.
But yesterday afternoon, the Australian dollar was already weakening as a result of another offshore trigger - Chinese money markets.
"Chinese interest rates were set higher than expected despite the injection of liquidity into the market, and that causes concern within the region because it represents the tightening of policy in China," says NAB senior currency strategist Emma Lawson.
"Market expectations have been that rates would be lower. So that continued the Australian dollar weakness."
It's been a long time between drinks for shareholders in Transpacific Industries, a Trans Tasman waste collection operator who's share price has been a cellar dweller since the global financial crisis.
The days of $13-14 a share are long gone.
Even so, the decision today to put its Kiwi arm on the block has given sentiment a lift, pushing the shares up a handy 8c to $1.12 in early trading.
That puts it back nearer its 2011 high of around $1.30, but its shares are still long, long way from recovering its former glory.
It paid around $870 million for the New Zealand assets several years ago now, and given the forecast EBITDA of the unit of $NZ110 million this financial year, just might get its money back, helped by the cyclical upswing emerging in the Kiwi economy.
Financial markets still haven't forgiven Ben Bernanke, US Federal Reserve chairman, for deciding not to 'taper' the Fed's quantitative easing program last month.
Matt King, Citigroup's Global Head of Credit Products, has just told a conference in Sydney that thanks to Bernanke's recent lack of action - where, despite repeated hints in May and June that the US Fed would ease its money printing program this year, Bernanke baulked at the last minute last month - global credit investors will now face a continued "demand and supply imbalance."
Mr King says financial markets are now wary of Bernanke, because he showed that he didn't care about "financial instability" but only cared about "inflation and unemployment" in the United States.
Shares in Warrnambool Cheese and Butter have fallen 4 per cent in early trade, after soaring above $9 yesterday as Japanese beer, wine and dairy group Kirin entered in the battle for the hotly contested dairy company .
WCB shares were buying $8.37 shortly before 11am.
Interestingly, shares in Bega Cheese, an early contender for the Victorian company, have risen more than 5 per cent to $4.39.
Kirin thrust itself into the three-way takeover battle for WCB by acquiring a 10 per cent blocking stake in the company through its ownership of the Lion group.
Some more thoughts on the Australian dollar - this time from Westpac senior currency strategist Sean Callow.
The strengthening in the US dollar was about traders reducing their exposure ahead of the FOMC meeting (AEST), which is usually a source of volatility in the market, Mr Callow says.
"The subsequent decline in the Australian dollar [overnight] is very much in line with the US on other currencies," Callow says.
"Do (I) see any fundamental reasons to be buying US dollars right now? The economic data did not support that," Callow adds, pointing to a decline in retail sales and consumer confidence figures released overnight.
"I think the short answer is no. ... There's been no positive [US] economic news. There's no expectation that the Fed will surprise on the hawkish side."
Kirin's move to acquire a 9.9 per cent stake in Warrnambool Cheese and Butter Factory comes two years after Japanese brewer Asahi Holdings spent $1.3 billion for Independent Liquor - which isn't going so well, writes Adele Ferguson.
While there have been some successful private equity asset floats and trade sales, it is the failures that burnt most bright in the minds of investors.
From Asahi's point of view, it feels it has been dudded and wants compensation. Given it has written off $464 million of goodwill on its Australian and New Zealand alcohol assets at December 2012, it is not hard to see why.
At the heart of the allegations is that the forecast earnings figures for Independent Liquor were ''inflated'' due to the wrongful inclusion of income and exclusion of expenditure to the tune of $NZ42 million for September 2011, and earnings figure trends were ''not one of growth but decline, at least from 2010 to 2011''.
Crown Ltd reported this morning that gaming revenues (excluding VIP) for the first 17 weeks of the year were in line with the prior corresponding period, while non-gaming revenues across its two Australian casino resorts were up 10 per cent.
The impact of refurbishments in Melbourne and ''general softness in consumer sentiment have all impacted trading,'' its chief executive Rowen Craigie told shareholders.
Crown said the level of VIP play improved from what it experienced in the six months ending June 30 this year.
Shares in Crown are down 1.6 per cent to $16.08.
Debt burdened trans-Tasman waste collector Transpacific industries is looking to offload its New Zealand operations as it seeks to rebuild a sustainable company after a debt-fuelled acquisition splurge in the latter part of the last decade.
Recently the group sold its motor vehicle distribution business, and today put its New Zealand arm on the block.
The new assets for sale have a forecast gross profit - earnings before interest, tax, depreciation and amortisation - of a forecast $110 million for the year to June, 2014.
Transpacific said the funds raised would be used to reduce debt as well as allow it to pursue growth opportunities.
The company also said it has restructured part of its debt portfolio which will result in savings of an estimated $30 million this financial year.
China's top commercial diplomat has warned that continued limits on technology company Huawei's operations could discourage other Chinese companies from investing in Australia, as Opposition Leader Bill Shorten joined the security row by demanding briefings from intelligence chiefs.
Peng Gang, the Sydney-based Economic and Commercial Consul, said Chinese companies invested overseas based on commercial principles and there were a lot more "outstanding companies like Huawei" which wanted to invest in Australia.
He said Chinese companies would go to countries which gave them the best opportunities and prospective Chinese investors would be looking for fair treatment.
He told the Sydney China Business Forum the Huawei issue was "a very important step to co-operation down the track" because the prospects for increased trade and investment between the two countries was large.
The market has opened higher, with the benchmark S&P/ASX200 up 23.6 points, or 0.4 per cent, to 5439.1.
The broader All Ords has risen 23.1 points, or 0.4 per cent, to 5433.8.
Insurance Australia Group chief executive Mike Wilkins says the insurer has started the year positively, and is on track to meet guidance of 5 to 7 per cent growth in revenue from premiums.
'We are continuing on from the strong result we saw last financial year and are on track to meet our full year guidance of an insurance margin of 12.5-14.5 per cent and gross written premium growth of 5-7 per cent,' Mr Wilkins said.
This month's NSW bushfire disaster had resulted in 660 claims so far worth $65 to $85 million, he said.
In early trade, shares in IAG are up 1.9 per cent to $6.055.
The Australian dollar has fallen below 95 US cents for the first time in three weeks after what analysts are calling a well-timed speech by Reserve Bank chief Glenn Stevens, who yesterday said the fundamentals don't stack up for the dollar's persistent strength.
This morning the local unit is trading at 94.83 US cents, from an overnight low of 94.72 US cents, its weakest level since October 14.
The US central bank's Federal Open Markets Committee, which is meeting overnight, is expected to delay tapering of its economic stimulus program until next year because the economy is weaker than previously thought.
''The RBA is making it very clear that it wants the currency lower and the fundamentals don't stack up,'' says OM Financial senior client adviser Stuart Ive. ''I think that's a very smart move by the governor just ahead of what is widely perceived to be a dovish FOMC announcement on Thursday morning (Australian time).
Selling in the Aussie is showing signs of developing momentum meaning that the Fed meeting and tomorrow's Australian building approvals could be quite significant events for currency traders, says CMC analyst Ric Spooner: "If the news flow happens to go with a Fed statement that's not as dovish as anticipated, plus disappointing building approvals locally, selling pressure on the Aussie could gather steam."
Selling momentum? The dollar has been on the way down this week.
Japanese-owned dairy, beer and wine group Kirin has thrust itself into an increasingly furious and costly three-way takeover battle for Warrnambool Cheese & Butter as it seeks to use a freshly acquired blocking stake to protect the viability of its cheese brands Coon and Cracker Barrel.
In a hectic, not to mention expensive, day on the sharemarket on Tuesday, Lion used its deep pockets to seize a 9.99 per cent strategic stake in Warrnambool Cheese & Butter, triggering a frenzied wave of buying that pushed shares in the Victorian dairy group up more than 10 per cent.
Hitting a high of $9.30, it assigned Warrnambool Cheese & Butter - which last financial year posted a profit of $7.5 million - a market capitalisation of just under $500 million, with three takeover suitors still circling the company and potentially poised to make further bids to push the final price tag even higher.
Former Rio Tinto boss Tom Albanese made a rare public appearance overnight, and he sounds like has some regrets, telling patrons at an industry gathering in London that the mining industry has made mistakes in recent years.
"We didn't react fast enough," said Tom Albanese, chief executive of Rio Tinto until he was ousted in January - one of a string of executives toppled by writedowns at the world's largest mining firms, as boom-year deals soured.
"It felt like panic was setting in... We said this is not us, this is not our problem. We should have said this is us, this is our problem," the US-born mining veteran said, in one of his first public appearances since his departure from Rio.
"At that point the sentiment changed very quickly - a matter of three weeks - and it never turned. It probably took us 18 months to get that."
Regrets, he has a few: former Rio chief Tom Albanese. Photo: Glenn Hunt
Fortescue Metals Group will seek to extend the maturity date on its biggest debt obligation, and request cheaper interest rates, as the iron ore miner continues to act early on its giant debt pile.
In a sign of Fortescue's growing confidence on the back of high iron ore prices, it announced this morning that it would seek to renegotiate terms on the $US5 billion ($5.3 billion) credit facility that makes up the single largest chunk of its $US12 billion gross debt pile.
The $US5 billion facility is set to mature in October 2017, but Fortescue said it wanted to reduce the 5.25 per cent interest rate.
"The release of the company's quarterly results and strong financial position, together with strong market conditions, has enabled the company to pursue an amendment," Fortescue said in a statement.
The Australian market looks set to open higher after gains on Wall Street amid greater investor confidence the US economy can withstand an expected reduction of Federal Reserve stimulus measures. Overnight, the Australian dollar fell below 95 US cents on the back of the comments from Glenn Stevens yesterday.
What you need2know:
- SPI futures up 22 points to 5430.
- AUD fetching 94.77 US cents, 93.03 yen, 68.96 euro cents, 59.08 pence
- On Wall St, Nasdaq +0.3%, Dow Jones +0.7%, S&P500 +0.6%
- In Europe, Eurostoxx +1%, FTSE100 +0.7%, CAC +0.6%, DAX +0.5%
- Spot gold falls 0.5% to $US1346.19 an ounce
- Brent oil drops 0.7%% to $US108.81 per barrel
- Iron ore slips 0.4% to $US131.30 per tonne
Good morning. Welcome to the Markets Live blog for Wednesday.
Contributors: Jens Meyer, Luke Higgs
This blog is not intended as investment advice
BusinessDay with agencies


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You're watching...
Another $1T Budget Deficit?
American Action Forum president Douglas Holtz-Eakin on politics and the budget deficit.
Oct 12, 2012
You're watching...
American Action Forum president Douglas Holtz-Eakin on politics and the budget deficit.
Oct 12, 2012
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Embers coming up.
Our let's saddened move along on top of -- politics federal budget deficit were about an hour away here from the government.
Releasing its latest numbers on the 2012 budget deficit with the Congressional Budget Office expecting it we learned last week to come in it.
Over one trillion dollars yet again.
Last night congressman Paul Ryan fired back at president Obama's promise to cut the -- it.
In his first term -- Remember when he said.
I promise by the end of my first -- cut the deficit in half in four years.
We've had fort budgets.
Four trillion dollar deficits.
A debt crisis is coming we can't keep spending.
And borrowing like this we -- keep spending money we don't have.
For reaction is Douglas Holtz Aiken douglas' president of the American action forum former director of the Congressional Budget Office himself -- it's wonderful to see you again.
I think -- thousand strong point for Paul Ryan last night in the vice presidential debate what's your take on the -- specifically how the budget issue was handled.
Let me certainly that -- of the debate from the point of view of mr.
Ryan is to always hearken back the president's record.
On the record is unpopular.
Policies are unpopular certainly.
The large amounts of spending and debt that have been run up are among the things that jump right out -- the polls when you ask people so I thought he did that very effectively.
Certainly -- the job for vice president Brian Biden was to make sure that.
On -- -- never had a chance to explain how he'd fix this problem and always to try to explain that things are getting better and -- even better in the future so one about his plan.
So just remind everybody were waiting for the firm numbers from the treasury -- haven't gotten in yet yet last week the CBO did how last expected another one point one trillion dollars in federal budget deficit.
Which that is actually improvement from last year was one point three trillion.
So what's this been politically.
Well I think that you know there's not much to -- here that the budget has gotten better largely as the economy has improved somewhat compared.
2009 but.
I to argue that this is a good news story because the economies -- was a tough place to end up so.
That the real difficulty is going to be too.
Be -- and if you -- the numbers and explain that you can't close at all with taxes and high income Americans I thought that was handled very well last night.
After the administration.
They basically have to say.
-- we you know we we inherited a bad situation we promise we'll -- Garrett.
In the next four years but obviously they have -- the promise to him on the first clears hanging over them Savannah tough spot.
What do you think of how voters.
The general public anyone in to get.
This idea Romney's idea that -- not only the federal budget deficit but that national debt in of itself as a is a moral issue our our people buying into that.
Opt for a long long time the conventional wisdom is that on nobody change their vote because of the budget deficit but.
In the -- in 2010 we saw for the first time a very important phenomenon.
It was voters going to the polls and saying you know I changed my vote even against my congressman.
-- there's too much spending too much debt.
And among the most important.
Things that they care about -- the next generations who sought again in the polling at the Supreme Court decision on the affordable care acts of auto obamacare.
Where people.
-- when they heard how much spending was involved and how much would be the burden on the next generation again that changed your view of law itself so.
We're seeing a sea change in American politics this is no longer something that's safe -- can -- explain -- how governor Romney's tax policy -- deficit neutral.
It's up pretty straightforward on what -- does is cut the rates 20% across the board so 3528.
And and below that.
And then the question is how can you make it deficit neutral one way to do it is is to do what Bowles Simpson did because they have about the same rates and nasdaq's initial.
A different way to do was demonstrated by Martin Feldstein a Harvard where he got rid of deductions for high income Americans and pointed out to you -- do that without burning the middle class.
A third way to do it was proposed by -- Harvey Rosen pursue university.
Who again.
Broaden the base in relied a little bit on economic growth again you don't have to to -- the middle class so.
There are variety of demonstrations.
About the basic principle that low rates and broad bases are both better tax policy and will raise the money necessary for the federal government.
-- -- one last question who's gonna win this presidential election.
I think that governor Romney's gonna -- about -- it's very very close and on the it is going to be very close to the end this is not an election and I see swinging.
In and a strong went one way or the other not -- the finish line it's going to be tough battle.
Douglas Holtz Aiken thanks so much thank you.
Going to be interest -- you know because obviously Joseph Biden vice president came out swinging last night was very aggressive -- -- how much so that's going to be translated into next Tuesday's debate.
With the president who has been criticized and he himself admitted he was -- -- lackluster at best.
I wonder there's a fine line is and then when you come out swinging and you regress if you cross it then it can really -- -- -- strategy is -- was saying.
To just not hot let -- have a chance to explain his policies so a lot of people actually left.
More confused on the depositions.
On taxes spending overall policy -- we're gonna get into that.
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And they're off!
Those three simple words signal the start of the most famous two-minute horse race in history.
The first Kentucky Derby race took place in 1875 and has been held on the first Saturday in May ever since, making it one of America's oldest sporting events.
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