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Investment and consumption
Return on capital Introduction to return on capital and cost of capital. Using these concepts to decide where to invest.
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- Welcome to my presentation on return on capital
- Let's say we had return on capital
- Now I wanna do this presentation first because
- I think this is going to give you the big picture on how you need to think about
- what something is worth, whether you should invest your money into it,
- and how you should weigh the different options you had in terms of where you want it to point
- you want to put it in the bank, you want to put it in a house, do you want to pay off your credit cards, etc, etc
- so let's just define "return on capital", and just so you know
- I'm not neccessarily gonna be strict on the accounting conventions or the gap conventions
- I'm gonna do it more hands-on, how a "Joe investor" should
- think about their money. So, in this senario, I define "return on capital" as just
- the cash you get per year divided
- by the total cash you put in
- and well, I don't wanna just say cash. There's other ways to measure return
- but let's just keep it simple. let's just say cash
- so let's think about how this works out. let's say I have an idea, I have a restaurant
- and that restaurant will cost a million dollars
- of investment
- and let's say that per year, after paying all the expenses, after paying all the utilities
- after paying all the employees, after repairing and maintenance, after paying taxes
- this restaurant makes 100k per year.
- In this situation, my return on
- capital, the way I've defined it, is 100k divided by 1 million, or you could say 1000k,
- equals 10%. Pretty straight forward. You might be saying
- "Sal, this is silly, why are you wasting my time?" Well, maybe it is
- but I think you'll find that this going to lay a foundation that will eventually blow your mind
- so let's keep going.
- Okay, so I said the restaurant
- return on capital is equal to 10%. I could put
- a million dollars and I'll get in 100k per year
- now's that one project. and let's say I know for sure that I'm gonna,
- and I'm not gonna factor in things like risk just yet
- let's just say for sure i know that if i put my money here I'm gonna get 10% on my money
- and let's say the other option with my money is
- a beauty parlor
- and let's say that also costs 1 million dollars
- and this beauty parlor gets me 50k per year
- I think it's very obvious which investment you'd rather invest in
- because the return on capital on this beauty parlor is only 50k divided by a million
- or 5%. So this is obvious. you'd rather do the restaurant than the beauty parlor
- and in general you, after adjusting for risk, always wanna go
- with the project with the higher return on capital
- and later on there will be nuances in terms of when you get that return
- maybe you'd like a slightly lower return if you get the money faster
- or a slightly higher return if
- you're taking on risk or to compensate for risk
- So we know we want to do the restaurant but do we definitely want to do the restaurant?
- I mean we'd rather do the restaurant than the beauty parlor
- but my question to you is "Do we definitely want to do the restaurant?"
- and this is where the return on capital becomes interesting
- because what matters before we put the money into the restaurant is to think about
- what the cost of the money is to us
- and this is what I think will be a little bit of a new concept
- so I'm gonna introduce you now to the notion of a "cost of capital"
- so the restaurant costs a million dollars and it gets me
- 100k a year
- thats a 10% return on capital.
- let's say I have to borrow all the money and theres some bank that willing to give me
- all the money for this restaurant and the interest rate on this loan
- the interest rate is 15%
- is it still a good idea for me to open up a restaurant?
- Well, if I have a loan and I have to borrow the whole amount
- So I have a loan of a million dollars to buy that same restaurant
- and Im gonna be charged 15% in interest every year
- and I'm not gonna take taxes and the fact that you can deduct taxes etc etc
- into account just yet
- Let's just assume that my total cost is 15% per year in interest
- so I'm gonna have to spend 150k per year in interest
- So my question is "Does it still make sense for me to open up this restaurant?"
- every year im gonna be making 100k from the restaurant itself but im gonna be paying
- 150k a year in interest. you'll probably say "Sal, once again you've just restated the obvious
- no you would not want to do this restaurant
- because every year, 50k will be burning out of your pocket"
- Now you might think that this is obvious but I'm gonna show you many examples
- of where people are actively doing this
- people who you would otherwise assume could do this math and it's especially happening in the housing market
- but anyway in this situation you wouldn't want to invest it and a very simple way
- of thinking about this is you only want to invest, you only want to do a project, if your return on capital
- is greater than your cost of capital
- this is the only time that you want to invest in a project
- I just showed you something that we thought was obvious
- but I'm gonna re-ask you a question
- so we had the restaurant, we have the beauty parlor
- they both cost a million dollars
- the ROC of the restaurant is 10%
- and the ROC of the beauty parlor is 5%
- so right now, it looks like the restaurant is the better project
- but then we said the cost of capital, the interest rate
- which is how much does it cost us to get the million dollars
- the interest rate is 15%
- and we said that this is not a good investment
- because our cost of capital is greater than the return on capital
- but what if there was some kind of government program
- and they just felt that
- there werent enough beauty parlors in the country
- and they want to give you a really cheap loan to buy a beauty parlor
- and the government program said "We're gonna give you a low interest loan
- of 2%". so my question to you is "NOW which project would you rather do?"
- superficially, it looks like the restaurant is better. you get a 10% return as opposed to 5%
- but the cost of capital, the interest rate you'd have to pay on a loan for the beauty parlor
- suddenly looks a little bit better
- in fact this is actually a good investment
- because your cost of capital is less than your return on capital
- and we could be do the math
- every year the beauty parlor will generate
- 50k and you'll be paying 20k in interest
- so you'll be netting 30k without having to put any money for yourself
- you'll be borrowing all the money so clearly this is a good investment
- so thats it now for the intro on return on capital and cost of capital
- in my next presentations ill go a little bit more in detail
- and do a few more nuanced examples
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subset: commoncrawl


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A Buddhist Monk Saves One of the World's Rarest Birds
High in the Himalayas, the Tibetan bunting is getting help from a very special friend
- By Phil McKenna
- Smithsonian magazine, October 2011, Subscribe
"Rrrrrr, Badgers!" Tashi Zangpo says, cradling the remains of a bird nest in his hands on a mountain slope nearly 14,000 feet above sea level. For weeks, Tashi, a Tibetan Buddhist monk and self-taught conservation biologist, has scoured these mountains in China's Qinghai province for nests of the Tibetan bunting. Now that he's found one, he's discovered that a badger has beaten him to it and devoured the young.
The Tibetan bunting (Emberiza koslowi) is one of the least-known birds on the planet. It has a black and white head and chestnut-colored back and is only slightly larger than a chickadee. In 1900, Russian explorers were the first to document the bird and collect specimens. One hundred years later, British ornithologists published only the third scientific study of the bunting, based on fewer than four hours of observations.
The bird's obscurity is due in large part to the remoteness of its habitat. In A Field Guide to the Birds of China, the bunting's home range appears as a tiny splotch on the eastern edge of the Tibetan plateau. The bird lives in a region of rugged peaks and isolated valleys where four of Asia's largest rivers—the Yellow, the Yangtze, the Mekong and the Salween—tumble down snowcapped mountains before spreading across the continent.
Tibetans, an ethnic group that predominates here, call it the "dzi bead bird" because the stripes on its head resemble the agate amulets locals wear to ward off evil spirits. Tashi and his friends have tracked the birds closely for the past eight years. They now know that buntings descend 2,000 feet downslope into warmer, more protected valleys in November and stay there until May. They know how the birds' diet changes throughout the year: In winter buntings forage on oats and other grains; in summer they eat butterflies, grasshoppers, beetles and other insects. The monks have found that the birds lay an average of 3.6 eggs per nest, and that their main predators are falcons, owls, fox and weasels, in addition to badgers. "When we started in 2003, we started looking in trees for the nests," Tashi says of the ground-nesting buntings. "We didn't know anything."
Tashi saw his first Tibetan bunting as a young monk in Baiyu, a village in Qinghai province not far from where he and I now stand. One of eight children, he came to the monastery at age 13 when his parents could no longer afford to take care of him. He was homesick and often hiked up a mountain above the village to surround himself with songbirds he knew from home. Using a sharp rock, he etched images of the birds on fieldstones. An older lama at the monastery noticed his interest and taught him how to make paper so he could draw the birds.
Tashi, now 41, has since crisscrossed the Tibetan plateau, drawing 400 bird species. He is currently compiling a field guide that evokes the work of John James Audubon or Roger Tory Peterson. He wears prayer beads on one wrist and a digital watch with altimeter and compass on the other. "Friends of mine joke with me saying, 'That person is a reincarnation of a lama, that person is a reincarnation of a rinpoche [a great teacher] and you, you are a reincarnation of a sparrow,'" he says.
Tashi has noticed dramatic changes in the environment, including shrinking glaciers, increasing human development and declining bird populations. Based on his own observations and on ancient Tibetan scripts about wild plants and animals, Tashi says the buntings, never high in number, are among the most vulnerable of all Tibetan birds. Yak herding increases every year, and the animals trample the buntings' nests. Climate change is causing nearby glaciers to disappear and meadows to go dry, forcing birds and livestock to share an ever-shrinking area.
By explaining his findings to local herders, Tashi was able to get critical bunting habitat protected for the July through September nesting season. "We've told the herders these months are for the Tibetan buntings to use," he says. "Once the birds fledge, then the yaks can eat here." In one valley where grazing is now restricted, bunting numbers increased from about 5 in 2005 to 29 in 2009.
Subscribe now for more of Smithsonian's coverage on history, science and nature.
Related topics: Land Birds Conservation China
Comments (4) |
It's always inspirational to hear about stories like this - makes you believe there is some hope; particaulrly considering the massacre of thousands of Amur Falcons in the NE of my country India. I was in Romania (Clud and parts of Transalvania) recently Adina, I saw some of the most beautiful birds; some of them i couldn't even id with a bird book.
Posted by Pratap Rao on November 30,2012 | 11:33 AM
Beautiful article! I am an artist residing in New Mexico. I paint many things including buntings. I am also a Buddhist with a degree in science. I was particularly taken by the story. Oddly I have had friends nickname me Tashi! I would be so honored to be able to communicate with this Buddhist brother! And I would love to be able to honor the Tibetan bunting that is so important in my paintings. Is there a way to communicate with him? Thank you for this most inspiring writing!
Posted by Natasha Isenhour on October 10,2011 | 11:05 AM
Buddha will be enlighted by his understanding!!
Posted by Ruth on October 10,2011 | 08:40 AM
Incredible and wonderful story. Thank you for sharing with us, birds lovers all around the world. I am living in Romania where we should have thousands of Tashi to protect and save our birds.
Posted by Adina Stanila on September 28,2011 | 06:33 AM


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Officials See U Dublin Stormwater Project
Several officials got together Monday at Aiden Lair Park, in the Dresher section of Upper Dublin Township, to take a look at a stormwater management project that's nearly complete. The park has two detention basins along a small stream that has been dry or nearly dry for much of the year, but Schuylkill Action Network Coordinator Tom Davidock says it's environmentally sensitive because it's a headwater area.
"When we're dealing with our first and second order headwater streams, which are the beginnings of a watershed, they're very vulnerable to different types of water pollution, so if we can protect our headwater streams they have a very big impact on our larger streams such as the Wissahickon and Schuylkill River, and the Schuylkill River Watershed is the drinking water source for more than 1 ½ million people."
Paul Racette is Watershed Program Manager for the Pennsylvania Environmental Council, a statewide nonprofit organization. He says the project includes putting in more native plants to drink the stormwater and hold the soil in place.
"We call this basin naturalization. We're in this park and there's a lot of mowed grass around us, and we recognize that there's a necessity for some mowed grass for recreation, but where there's an opportunity to naturalize with meadow grasses and trees and shrubs like we're doing in these basins then you're going to have a lot more of that water absorbed into the ground and infiltrated, so it's not rushing down into the Fort Washington Industrial Park."
Racette says the water from Aiden Lair Park flows into the Pine Run Creek, and then into the Wissahickon, which floods in Fort Washington. He says the Wissahickon Watershed has about 150 locations where similar projects would help reduce runoff and flooding and improve water quality. A grant from Exelon Nuclear helped to pay for the project.


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Mother Africa @ Assembly Hall
Prepare to be amazed. Mother Africa is an explosion of energy and virtuosity that plants its roots in the continent's musical and movement traditions before lurching into a circus-filled carnival of colour. Tricks aplenty, this crowd-pleaser has something to astound even the most hard-hearted spectator.
From the first pounding beats of the drum, the supremely talented onstage musicians make their mark as the real drivers of this show. Whether playing oozing jazz melodies or providing a pulsing backdrop, they seamlessly flow between styles and support the transitions connecting the largely unrelated acts. Not once do they falter or lose their effortlessly cool flair.
The other performers are more obvious in their attempts to impress. They settle for nothing less than the most breathtaking stunts. Superman-like gymnastic feats are performed on top of a stack of chairs that almost touches the lighting rig, and one man contorts his body into such unrecognisable shapes that it's a wonder that he possesses any functioning vertebrae. But that's not even the half of it... Have you ever wondered what it's like for a man to lie on his back and repeatedly toss a boy into the air using only the power of his legs? Wonder no more, you can see it here. Did I mention that the child is spinning and flipping throughout?
Assisting the band in maintaining the African vibe are the dancers who deliver a masterclass in shimmying, bottom waggling and the rhythmic complexities of gumboot dancing. Every step seems a celebration and their enthusiasm is infectious. If you catch it too, don't forget to pick up your jaw on the way out. You may just have dropped it.
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Topic Review (Newest First) |
Suka |
I believe this article has been circulating in some form for years, but it is relevant to the original poster. I don't want a show dog; I just want a pet. | Ruffly Speaking |
sit,stay |
Is she giving you this puppy? I don't think I would pay to take a puppy that came from unknown, untested parent dogs. It doesn't matter if you don't want "a show dog". Not all of us do! But at the very least the parent dogs should be tested by OFA, PennHIP, something. And it doesn't sound like that is the case with this breeder. There are many health issues that you can't detect just by observing the dogs move around. I have seen dogs with some pretty yucky looking hips on x-ray move sound and look sound. You just can't look at a dog and say, "Oh, all is good because I can't see any defects or problems". And the average vet won't be able to tell either. I would be even more concerned about the potential temperament issues of the pup. I think that there is a strong genetic component to temperament, and the dam will imprint her temperament above and beyond that genetic component. What has this woman done with the parent dogs to prove they have good temperaments? At the very least I would want to see how both parent dogs act off the property, and without the other dog there. Ask to meet her at a public park and observe the dogs one at a time. Are they confident in a strange place? Do they act overwhelmed or stressed? 6 weeks is too young to remove from the litter. Why is it being offered for sale so young? Or did I misunderstand and you are not planning on bringing the puppy home at 6 weeks, and you are just making a pick at this age. In many states it is illegal to sell or otherwise place a puppy under the age of 8 weeks. I don't know. I would tread very, very cautiously if I were you. A free puppy? Maybe. Although even then I wouldn't take one at 6 weeks. I don't think I would pay much, if anything. Sheilah |
AtlasGSD |
New Member Atlas 6 week old puppy I have a question to add to this. New to this site. Not very good at the whole forum thing! Anyways... So I am buying from what is considered to be a backyard breeder. The woman doesn't REALLY want to sell the pup to me, but she feels as though she has to because she's pregnant and can't take on a third german shepherd. Anyways, the puppy is 6 weeks, has all its shots and deworming. He comes from two german shepherd dogs ( When I go see the puppy, I am allowed to see the parents too. ) The parents ARE NOT AKC registered. But the grandparents are. Frankly, I don't plan to show this dog - just train it. So the papers aren't too much of a concern to me. The woman also assures me that the parents have no elbow/hip issues. When I go see the puppy, if its parents seem to have good temperament, and are agile/healthy ( can move around with no problem. Is it alright to take the puppy? |


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Jerry Maguire (1996)
A film by the great Cameron Crowe, starring Tom Cruise, Cuba Gooding Jr. (who won an Oscar for his performance, and gave one of the funniest speeches of all time), Renée Zellweger - and Jonathan Lipnicki, who plays the adorable kid :) I love this movie for several reasons; one, it doesn't take it self to serious, two, it's hilarious and authentic at the same time, three, "You complete me", the beautiful love story between Jerry and Dorothy, but mostly this film works so well because of the dynamism of Tom Cruise and Cuba Gooding Jr.
Jerry Maguire (Tom Cruise) is a successful sports agent. The biggest clients, the respect, a beautiful fiancée, he has it all. Until one night he questions his purpose. His place in the world, and finally comes to terms with what's wrong with his career and life. Recording all his thoughts in a mission statement Jerry feels he has a new lease on life. Unfortunately his opinions aren't met with enthusiasm from his superiors and he gets fired from the agency. Jerry steps out into the sports business armed with only one volatile client (Cuba Gooding Jr.) and the only person with belief in his abilities (Renée Zellweger) with the impossible task of rebuilding what he once had. Along the way he faces the harsh truths which he'd ignored in the past and a host of hardships that he'd never faced before. A rare story produced by the materialistic studios about the dangers of losing oneself for the sake of materialism. An interesting statistic has emerged of late regarding a high number of American businessmen on their deathbeds who begin regretting the direction and purpose of their lives. "Jerry Maguire" offers an alternative, although probably few in his position would find the wisdom to change course.


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Classes start after 10 a.m. on Monday, March 25 due to inclement weather. Offices open at 10 a.m. More information
Home | News | What's Happening
Broadcasting Professor David J. Fabilli, known professionally as David Jaye, has completed production of two three-disc "Best Of" compilation sets for HighNote Records in New York City. HighNote Records is the No. 1 most played jazz record label over the past decade.
The first compilation set is titled "Seared, Scorched and Smokin': The Best of the Mighty Burner" by Charles Earland, and the second set is "The Soulful Mr. Newman: The Best of David 'Fathead' Newman." The sets will be released on Sept 20.
Fabilli has produced nine other compilation albums for HighNote Records since 2007.
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Stayed here during Thanksgiving of 2013. The hotel was not very crowded so I did not experience the noise that other reviewers have written about. The hotel as a whole however is in need of renovation. I booked through a travel service so I am not sure if that affected the quality of the room that I was assigned. The... More
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- TripAdvisor is proud to partner with Booking.com, Orbitz, Priceline, Starwood, Cheap Tickets, Travelocity, Hotels.com, Expedia, Venere, Otel and Tingo so you can book your Four Points by Sheraton West Lafayette 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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Washington, DC Friday, May 25, 2012
On Saturday May 26, C-SPAN Radio concludes this month's series of some of President Richard Nixon's phone calls. In this program he talks with FBI Director J. Edgar Hoover about the killings of two NYC policemen and about groups such as the Black Panthers----and about the Supreme Court decision allowing the publication of the classified Pentagon Papers on Vietnam.
You'll also hear calls between President Nixon and Director of Central Intelligence Richard Helms, as they talk about Vietnam and about Iran, including the nomination of Mr. Helms as the new U.S. ambassador to that country. And we'll wrap up our series with part of a call between Richard Nixon and White House Special Counsel and key adviser Charles Colson after the 1972 election, as they consider replacing cabinet members and other key administration staffers and discuss the performance of the Republican National Party in the wake of some losses in the Congressional races.
The audio and information in this program are courtesy of www.nixontapes.org.
Updated: Wednesday, July 11, 2012 at 8:40am (ET)
Audio Playlist


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Friday gold puzzle – can you crack it?
Here's a little gold puzzle for you to ponder as you're getting ready for the weekend. See if you can figure it out.
Soybeans pull corn higher, while wheat moves on winter weather
Heading into a key USDA report on corn, soybeans and wheat, the markets look to be setting up for some big moves.
Bullard sees odds of taper rising along with labor-market gains
Federal Reserve Bank of St. Louis President James Bullard, who votes on policy this year, said the odds of tapering bond purchases have risen along with gains in the labor market, and any reduction should be modest to account for low inflation.
Canada's dollar trades at almost 3-year low on Fed taper bets
The Canadian dollar traded at almost a three-year low amid speculation Federal Reserve officials may signal the central bank will slow its monetary stimulus program as soon as next week.


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I don't think it's a big loss anyway. I lost interest in OCing a long time ago*. The reasons are that 1) it became too easy 2) it is allowed 3) it involves less and less risks every generation. That's not OCing. To me OC only really made sense when it was something a few select people were capable or brave enough to perform. When it meant going against the norm and when it meant a performance advantage to those few brave enough to perform a hard mod or use a bios coming from from forum member in an "obscure" website. Now OC is widespread, it's allowed and encouraged by the vendors themselves, it's even covered by warranty and you are given full control over every single thing related to OCing your PC. What's the point, use the tools and you'll achieve the same results as the rest of the world (with slight differences based on luck) and if it all comes down to that, is this really such a loss? Not in my eyes, but maybe I'm alone. * I still OC to safe 24/7 clocks but don't do it for fun or to find the limits, etc. Just simple practical OCing now.
The Kepler design is pretty well tied to it's strict clock/voltage manipulation to achieve the clock boosts it gets. As the dynamic clocks are hardware related it would be very hard to safely allow voltage adjustments. I think Nvidia have the card as fast as it can go on the set up it is on. More volts may well fry the thing and they don't want that bad PR (and I don't blame them). Also, as Ben says, the 690 decimated any partners chance of making a viable dual 680 card. It's not like Apple though. This Kepler voltage situation is being controlled to stop damage being done to hardware that's already pushing the boat out. I say Nvidia are looking after us this time (well not me, I'm with red).
Alright This sucks..... Time to switch back to AMD/ATI next round...... there goes another $2000 Dollar purchase from me you won't get Nvidia. (Especially if this rule carriers over to the next gen) Also for those who say it is not as dangerous anymore..... Well maybe you are not trying to overclock as high as you can to make it dangerous. Just because cards are able to reach higher clocks before it is considered dangerous..... doesn't mean that it is not dangerous anymore. As for the fail safe features that protect a product from a bad overclock..... I think that this is a good feature..... and like I said there comes a point in time anyway when you push a product so High that even fail safe features won't protect you any longer.
This is not "protecting". This is dumbing down. Overclockers were here for a long time. Why didn't they introduce this "feature" when people started to damage 6600GTs by overclocking in the past? I see this as a move to take away tweakability from the hardware.
First: Geforce GTX 680 classified power consumption with overvoltage revealed, shocking. Nvidia removed voltage control and it's shocking again. Looks like fanboys will never learn. And for those "back to AMD":
Yes, fanboys will never learn. They always try to justify a company even if they take away some important feature from the users. Enthusiasts and most people who value their money overclock their GPU to get the maximum performance out of it. It is very important in high end cards like 680. Intel took away the overclocking feature and people still pay the premium for K series. But things are different here in GPU arena where both players are very close in performance.
The GTX 6xx series cards have always been a giant "F U" to consumers... They couldn't deliver on GK110 and instead sold a $300 chip at a $500 price point, they complicated overclocking with their "GPU Boost" nonsense, and they screwed enthusiasts by not allowing voltage tuning on any of their cards. I feel bad for uninformed folks who bought something like the Classified or the MSI Lightning 680. I generally like Nvidia's cards, but the GTX 6xx series is a load of crap and a huge step backwards from the GTX 5xx series IMO.
knowing EVGA though in future releases they will probably do something like MSI and provide voltage read pads and pads you can attach trim pots too. sneaky sneaky.
Not as such, but I spoke to a friend of mine at Asus at MOA of all things who told me this. I'm pretty sure he knows what he's talking about, but of course the official excuse would be something that doesn't make Nvidia look bad...
This really pisses me off, but it's not like AMD is a real alternative with the shittiest drivers in history.
You want unbiased? I'll flame them all. Ready? Go. You sir, hit a raw nerve and said a lot of important things that people really need to understand. From a guy that grew up with the ABIT boards that started the initial craze, it really does make me sad. The reality is, as you know, and many people don't seem to understand is that overclocking for all intents and purposes is dead and dying...killed by wanting to spur upgrades. Every major player is guilty. Remember when AMD and nvidia over the course of a couple generations started limiting TDP per product for segmentation and sold it as a feature? Remember then when they started doing set voltages and turbo modes (which in the case of 7900 for example actually makes it a WORSE over-all product they sell for more money)? Remember when Intel essentially made a product that doesn't really work worth a damn over the typical best perf/clock ratio of ~1.175 volts (Ivy Bridge)? As you infer by stating 'everyone gets the same results', the diluted form of overclocking we have today is more of a product feature to allow for lower and looser binning, skimp on the BOM on lower-end skus, and is built into an inflated price on upper-end ones...exactly the opposite of the initial market and purpose. I was fine with the advent of software voltage control (that took advantage of clock/voltage potential of a process with realistic cooling) versus soldering to change the properties of a resistor...less release of the magic smoke that way. What pisses me off are things like strict conformance to the pci-e (etc) power specs, or even more bullshit, limiting tdps below them. Not doing the later, for instance, saved GF104/110 from being a colossal failure and made the products quite appealing. If you want proof, look at the stock tdp and power consumption of those products, how many pci-e connectors they had, how well they clocked...and power consumption after overclocking. Now that kepler doesn't suck...gone. Another example, AMD knows if you buy a 7870, you are likely going to run it at ~1200+mhz...the max the chip will do limited by process tech, not tdp. They also know if you'd like to buy a 7850 and get 7870 performance, so they institute tdp restrictions (130w) and bios locks (1050mhz) to limit the average clock to under the performance of the formers stock ability (7850 @ 1075mhz ~ 7870 @ 1ghz). That way the bottom-line price difference is preserved while the upper sku still appears worthy at stock. Even worse is when you can smell WHY they do these things on the grand scale. In this case it's obvious 8000 will have 150w/225w max tdp parts (7850 is 130w, 7950 200w...10% less used logic and ~20% less tdp than 70 skus...). Why would anyone buy a 150w part that outperforms a stock 7870 by 10% if 7850 already could a year earlier for the same price? They wouldn't. Now they can sell it as a huge efficiency improvement (more shaders than 7870 at lower initial clock and overclocking potential granting a net gain in terms but not actual power consumption beyond scant used transistors for CU difference), which again...is bullshit. While obviously GK104 is well-designed, no doubt it's tdp, just like 7950 and 8950, is built so GTX770 will look justifiably better at 225w, again more units at a lower sweet clock/voltage spot. In short...it's all a big fucking ruse. Any average Joe that thinks they are an overclocker anymore is either lying to themselves or extremely delusional.
Really, I think the complaining about it is just as stupid though, since "overclockers" wanted OCing to go mainstream, pushed marketing reps, and then it happened. And now that it's happened, everyone wants things back the way they were, since companies have taken steps to ensure that them offering these features doesn't bankrupt them. So, ya got what ya wanted, but didn't consider the consequences.... Now, I am not directing this at anyone specifically, this is just my general feeling. But then, when I try to tell people how to OC, to get a bit extra, they were doing something COMPLETELY different. OC is not dead. It's just more cleverly hidden. If you don't own a sodlering iron, and you think you're an overclocker, you're sorely mistaken. You still need that iron. Perfecdt example..all the claims of IVB running hot...no, actually it doesn't. you just failed to give proper cooling.
Well after the last generation with idiots pushing 1.2v+ though 4 Phase cards, then bashing nVidia when the VRMs popped, I could see why nVidia wants to now limit voltage control... Obviously the strategy of allowing people free voltage control, even if maxing the slider out will likely kill the card, didn't work, because idiots will just max the slider out then bitch when the card pops. So now we have nVidia limiting voltages again. Thank the idiots that bitched when they overvolted the cards too high and bitched.
The cards are made to run at the stock voltage and frequencies, so if you push 0.001v and 1MHz more you shoul brick the warranty of the product, so you don't get a replacement straight away. am I wrong? I never refunded a card for OCing it because I never overvolt it badly, but this is my understanding of it. IF I am correct, why bother with voltage tweaking, just let ppl fry cards and put them in the market for more!
I must say the same with all the people still wanting to unlock HD 6950s long after their release, as if the cards now are exactly the same as the ones that originally unlocked. I'm tired of people bricking their cards and not even trying to back up the original BIOS, then they come on here and cry because they think upgrading a video card's BIOS is always necessary and yields hidden performance improvements or something in all cases.
Everyone is always quick to bash without looking at the reasons why someone did something. I would like to know the reasoning behind the removal instead of assuming it was out of "greed".....and if it was greed NVIDIA is well within its right. They designed the chip. They make the drivers. Its their property. EVGA is just a mfg plant making money off NVIDIA's coat tails. But again we don't know WHY NVIDIA asked EVGA to remove it. Might be for safety reasons. Who knows.
i see a lot of people (not just on TPU) criticize business decisions by amd,intel,nvidia, whomever. most of these people sit around and contribute NOTHING to society. what gives them the right to be critical of anybody?? boggles my mind...


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Her usual way with words and cutting right to the chase.
I am not a Mayor Bloomberg fan, but I give him a tip if the hat for telling Obama to stay away and let them focus on getting things back in order.I think Governor Christie now has something in common with Obama: They have both advanced as far as they are going to go in the political world.
I've never trusted that grandstander and I was right.
Hey President Obama are you also going to Ct,Tn,Wv,Pa,,I think not??
On one hand I could see how Christie was forced to do this, if he had said no the MSM would have beat him down. That said, he could have invited Romney to visit, and also have been a little less effusive with his praise.
MSM criticized Romney for stopping the campaign to help out with Sandy, and now they have headlines that say Romney is campaigning while Obama is helping. They are traitors.
Gov.CC neither wears wooden shoes nor has his sexuality ever been in question, and his love of NJ and her people has always been forthright. And IMO, The Big Man has never been a bigger man than now in his using America's biggest hypocrit to smooze that White House LIAR into doing first for NJ.
It is a politically smart move by Christie. It will help Christie much more than it will help Obama.Obama is going to win New Jersey. That has never been in doubt. It doesn't matter if Obama wins New Jersey by more votes than he would have otherwise.When Christie runs for re-election, I guarantee he will be running pictures of him and Obama in all of the Democrat strongholds.
Ms. Coulter is deluding herself, seeing what she wants to see. Rush is on this and he gets it. It's simple. It is exactly what you watched. Nothing more. Nothing complicated.We all watched it on TV. Chris Christie folded like a cheap suit. He panicked. Melted down. Wet himself and puked on his shoes simultaneously. He thought that using his prosecutor's skills to bully some hapless teacher's union reps meant he could play in the majors. He got so full of himself that he delivered a speech at the republican convention in which he didn't even mention the republican candidate. All about Christie.But as soon as he was faced with a real emergency, a real life and death crisis, he abandoned everything and everybody and went running to Obama begging for help. I bet he cried. Then he super-glued his lips to Obama's backside. It's disgusting.Christie is through as a Republican. Bye Chris.
Christie is looking out for Christie, while helping his state at the same time. If he kisses Obama's mom jeans-clad rump, he will be at the front of the line for handouts.I believe the Romney approach of delivering food, water and blankets is the right one. I do not think our government should be in the business of handing out money to people who are negligent with their own affairs. I don't think I should have to be tapped to rebuild someone's beach house. Sorry.
If Romney wins, Chris Christie has no shot at the presidency. Romney will be the incumbent. Then Paul Ryan will be the next in line.So this, IMO, is his way to throw the election to Obama (and make his path easier in 2016). But he has no clue on the blow back.He will take a huge share of the blame. And have no future left in the GOP.His excuse that he needed to get some funds (which would have come anyhow) for his state, at the expense of an entire country, holds no water.
I don't live in NJ. Christie does and he has seen the horror created by Sandy at the Jersey Shores and in the northern cities like Hoboken.Obama can release money and Christie plans to be in the front of the line. Christie loves his state and her citizens. Take him at his word - disaster trumps politics right now.As Krauthammer said last evening, it's worth a couple of hundred million to have Obama in the state.
I have never felt the tingle up the leg thing with Christie. He comes across as a loudmouth, a blowhard and a bully. He is not sound on the Muslims. He seems to have something wrong with his glands which needs treatment. He is the only one who knows why he gave a gratuitous boost to Obama and why he made the disparaging and needless crack("I couldn't care less...") about Romney. That was disrespectful. I am not happy about it. Other people, some of them, think he is swell. I think he is a joeik.
Obie, just stand right there and stick your thumb in the dike hole...NO you can't go out campaining, you have important work here...Obie; Okie-dokie!
12 you are right, and I'll add this: First Christie has to win re election, and that is 2013 in Jersey remember! He is right on top of the beginning of HIS re elect campaign. He wants to be seen with Obama and to be flush with Obama stash for Jersey's economy heading into 2013 re election.
Was it necessary to bring Janet Napolitano into the conversation? I think not.
The not so conservative Republican Chris Christy had a panic attack right in front of millions of Americans. From his Bully Pulpit he ran straight to the Federal Government stating he didn't care about the Presidential election. Wow! When things get tough this so called tough guy folds like a cheap suit. All states including New Jersey will get financial aid and any other type of assistance required. Meanwhile America desperately needs new leadership in the White House. Christy will never be President of the U.S. He lacks the proper temperament, is too egotistical and authoritative. it's difficult trying to figure out exactly where he stands on issues. In other words America does not need another President that can't be trusted.
I was wondering how many posts it would take.17.
I think some of us need some sleep.
And all this time I thought it was Hillary who was best suited to plug a dike, not Obama.
How would Obama NOT have sent aid to a Dem state one week before the election? Christie did not need to "play the harlot" to help his state. Nor did he need to bash Romney in the process. A polite thank you would have sufficed. IMO, he's been bought, but he sure must believe Obama's going to win because he has burned his bridges.
We don't get the candidates we want. Or the Presidents. Or the Governors. Or the Mayors. Those we want are ideals.Instead we must always get a person. And each one sees his duties and obligations differently.Christie probably figured his duty as Governor included staying out of a quarrel with Obama while Sandy required attention. And he did.Bloomberg didn't want more non-essential vehicles and hoopla in Manhattan. He said stay away.I really don't see any significant screw-up or sell out related to Sandy.
Christie should not praise our dear leader. I will never forgive him, Christie is an attention grabbing so an so.
Christie is only doing what RINOs do. The GOP would rather lose an election than come across as "mean spirited".
All fine and good wanting emergency funds...does Christie need to give the media a photo-op hugging and clasping Obama as if there was no other help?If Obama withheld emergency funds after all the stricken pictures of NJ...you can bet he'd be toasted and eaten.There was no need to kiss-up, Gov. No need. And a great need to show the country what independence and dignity look like.Christie-I loathe you now and forever after.
I'm confused. I thought this thread was about the PIAPS or Code Pink.


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The last five minutes of the Austin Peay game, my junior year, 2011. We were up 49-7 and the coaches started pulling starters out. That was when I knew we were going to win the OVC and go on to the playoffs."
"It wouldn't be just one moment. It would be the camaraderie we have. Especially in the offensive line room. We are a collective group that does stuff together. "
"My favorite moment was when we won the championship. I really believe it is one of the moments I'll cherish for the rest of my life. Just being a part of that year with that senior class and having the feeling of winning it and bringing it back to the city of Cookeville."
"In 2011 when we played Austin Peay to win the championship 49-7, and just remembering all the talks we had with Watson. He said, "Tough times don't last, but tough people do," and that will always stay with me."
"The OVC championship two years ago was one of the best moments I've had. It was such a good year for Tech and such a good team. Not to mention the friendships I've made with my teammates throughout the years."
"The first season when I got here and we played Oregon. I liked the fact that we got to show our talent against one of the best teams in the country."
"Beating Austin Peay and winning the OVC championship, since it hasn't happened in so long here."
"When coach Brown was jiggin in the locker room after we won the championship."
"I've had a good senior year. It's been fun leading the conference in punting this season."
"The highlight of my years with Tech football is the great friends I've made because those friendships will last forever… and obviously winning that big ring two years ago."
"Winning the OVC and the bond we had together as a team, and being able to watch Coach Brown "Dougie" in the locker room after receiving the trophy."


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My stay there was excellent. The entire house is immaculately clean and nicely furnished. The bed was firm and comfortable. The only negative aspects of the guest house was the shower head. It provided a spray that mostly went to the sides rather than on the person. Also the guest house did not provide personal toiletries which I found in... More
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Stayed in this hotel for business for two nights. Very fiendly and helpful staff. Central location close to all amenities in Kirkwall. Enjoyed breakfast and dinner at the hotel and the service was great and the food very nice. Very clean and spacious room with WiFi access which was very useful. Will definitely be staying here again and would recommend... More
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Lecture before the Institute of Directors (London). The Beesley Lectures are sponsored by the Institute of Economic Affairs in association with the Regulatory Policy Institute
September 23, 2010
by Irwin Stelzer
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Irwin Stelzer is a Senior Fellow and Director of Economic Policy Studies for the Hudson Institute. He is also the U.S. economist and political columnist for The Sunday Times (London) and The Courier Mail (Australia), a columnist for The New York Post, and an honorary fellow of the Centre for Socio-Legal Studies for Wolfson College at Oxford University. He is the founder and former president of National Economic Research Associates and a consultant to several U.S. and United Kingdom industries on a variety of commercial and policy issues. He has a doctorate in economics from Cornell University and has taught at institutions such as Cornell, the University of Connecticut, New York University, and Nuffield College, Oxford.
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Published Quarterly
Editor: Miriam Raub Vivian
Spring Quarter 2006 |
California State University, Bakersfield
Volume 14, No. 3
In this issue
Winter 2007 Schedule
Department's Students awarded HSS Dean's Awards
Two of the department's students, Matthew Majewski and Bob Price, received awards for outstanding papers in the annual Dean's Awards competition.
Matt's paper, "The Allied Bombing of German Civilians During World War II: A Necessary Evil or a Horrible Mistake?, was awarded the Outstanding Undergraduate Paper in the Humanities.
Bob's paper, "'These Folks Have Something Here': The Farm Security Administration Labor Camps and the Development of the Bakersfield Sound," was awarded the Outstanding Graduate Paper in the Humanities.


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Books | Movies |
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Adventures of the Artificial Woman: a Novel |
Ellery Pierce finding himself middle aged and unable to find the perfect woman, builds her. Using his technical knowledge of animatronics, he creates Phyllis, a beautiful, perfectly formed woman who is run by a battery and has warm water running through the wires of her skeletal system to keep her skin feeling warm. At first, Phyllis is the perfect wife: smart, obedient, cooks meals and cleans house without a single sarcastic remark. However, Ellery...
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Visitors can explore the magnificent State Apartments which are lavishly furnished with treasures from the Royal Collection, including masterpieces by Rubens, Holbein, Brueghel and Van Dyck. Ticket holders get a free self-guided audio tour that lasts around 2 hours and is full of all the information you need to know about this royal residence.
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View a full list of attractions in London you can visit for free with a London Pass.
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Additional Information
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product details
- K-Wick Dri™ fabric moves moisture away from your skin for a dry comfortable feel.
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*Measurements refer to body size, not garment size.
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Best Uses
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John Garlock is 6 and 10pm news anchor with KTVO.
KIRKSVILLE, MO. -- It's been a whirlwind couple of days for State Representative Zach Wyatt of Novinger, who came out Wednesday during a capitol news conference.
In a candid interview with KTVO on Friday, Wyatt talked very openly about being gay, coming out and being in the national spotlight.
He said he so relieved to finally be able to be himself.
"It's been a huge weight lifted off my shoulders," said Wyatt. "It's pretty great, I'll tell you. I'm no longer lying to myself about my sexuality, and I think that that's a plus, and...I've been a lot happier in the last two days even though I've been crazy busy."
On Thursday night, Wyatt did his first national television interview about Missouri's "Don't Say Gay" bill and his decision to come out this week during a news conference in Jefferson City.
Wyatt appeared on MSNBC's "The Last Word" with Lawrence O'Donnell.
He said the public response to his announcement that he is gay has been overwhelmingly positive.
Wyatt has received about 2,000 e-mails in the past 48 hours, all positive except for 10 or so.
Wyatt told KTVO those e-mails of support have come from as far away as Europe, Australia, even South Africa.
A gay doctor from Springfield, Mo., even sent him flowers at his capitol office.
He said he shared his news with his family last week ahead of this week's very public announcement.
"I came out to them actually the week prior," said Wyatt. "Most of them said, 'Well we knew,' or I think my favorite quote was my brother saying, 'Well YEAH!' So, you know, it's been great…They've been a great support system, and I truly appreciate it."
Wyatt is not seeking re-election because he is going to college in Hawaii this fall to study marine biology.
He said he still would have come out even if he was running for re-election.
As for Missouri's "Don't Say Gay" bill, Wyatt says it is dead for this session, and he thinks the chances of it coming up in the next session are slim.
In the full unedited interview above, Wyatt's also talks about dating women, being bullied as a child and rumors he has heard about why he is really moving to Hawaii.


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You must earn 10,000 points to post other members' whiteboard
Congrats on two-thousand straight days!!! ... Way to go !!!
Gralo, Thanks for being my newest buddy
Hi GRwalo, Congrats on reaching the 2000 Day Mark, You have put in lot's of time here, Wanna be buddys
Congratulations on 2,000 consecutive days!
Wow now your in calif.
Noticed your very interesting avatar on a mutual buddy site. Congratulations on 1903 consecutive days posting. Lets be buddies also. Thanks ....Shep
Congratulations on having the dedication to post for 1,800 consecutive days. Keep up the Great Work and Good Luck in the future! Your buddy, Warren :-)
A BIG CONGRATS on 1,700 consecutive days again! Really awesome! For most GBs (8M plus) they don't seem to have the dedication or the persistence it takes to come back and post gas prices each day for other GBs! Or they just run out of gas! :( Hang onto your speed lines, it only takes one day to lose them! I'm sure you know! But, even clicking on news articles links, which are the easiest points here on GasBuddy, when you can't or didn't post gas prices before midnight will save your consecutive days! : ) WARNING! Every day GBs lose their consecutive days, many with big numbers, the #1 reason, "oops, I just forgot!" :( If you ever lose your consecutive days; that is NO FAULT of your own, please contact the mods! Keep posting each day to save your consecutive days! Keep going like a PRO Jacksonville GasBuddy! Have a nice week! Thanks buddy! Ron
Hi, congratulations on having the dedication to post for 1,700 consecutive days. WOW!! Keep up the great work and Good Luck in the future! Your buddy, Warren :-)
Congratulations on reaching 2,000,000 points! Outstanding job!


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Dear Tile Miester,
My bathroom screams help! When I have guested over and they request to use my bathroom. I warn them it is bad in there, you might want to turn the light off before you use it. My grand kids always ask, "Is it haunted?" The toilet bowl is cracked and the insides are wired together to flush. This causes a delayed flush. The tile is coming up and wallpaper accents are peeling. The accent tile is coming off the borders. The bathtub has a crack in it and some day it will be a mess. The vanity has been scratched by the family dog, not to include the damaged surface around the sink. I could go on and on. It would be a dream come true to win the Ugliest Bathroom contest. You are giving away every thing I need to fix my bathroom. Let alone saving me from the embarrassment.
You probably are asking why I haven't invested in fixing this natural disaster. I have a daughter who is a single mother, with three children and help her financially take care of them. She is divorced and tries so hard. It is very hard to turn your back on those little kids. I feel it is more important to buy shoes and clothes for them, than to fix the bathroom.
Sincerely Yours,
Sheila Sheley
This bathroom screams help!
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Rayson was the first person on the SGE users list to notice this big announcement from Sun Microsystems.
The key bits from the release:
Included at no cost in the new Solaris Enterprise System are:
- The award winning and open sourced Solaris 10 OS, with the recently announced PostgreSQL database;
- The entire Sun Java Enterprise System infrastructure software platform, including the Sun Java Identity Management Suite, Sun Java Integration Suite, Sun Java Communications Suite, Sun Java Application Platform Suite, Sun Java Availability Suite and Sun Java Web Infrastructure Suite;
- The N1 Management Software including the Sun N1 System Manager, the Sun N1 Service Provisioning System, the Sun N1 Grid Engine;
- All tools for C, C++ and Java development, including Sun Studio 11, Sun Java Studio Enterprise 8 and Sun Java Studio Creator;
- SunRay ultra-thin client software;
- Sun Secure Global Desktop Software.
What does this mean for you?
The biggest change is that now people will have access to Grid Engine components that were previously only available to paying Sun N1 Grid customers. The biggest items include:
- The ARCO job and resource usage monitoring and reporting subsystem
- Windows Grid Engine exec host client code
If I had to summarize industry coverage it would be something like this from the Reuters article:
"…Although more of Sun's software will now be free, customers will have to pay for service and support, which is how Sun aims to boost revenue."
Other coverage:
- The Register: "Sun continues great software giveaway"
- Information Week: "Sun Says It's Free: Java Enterprise System Now Available"
- Newsforge: "Sun furthers open source commitment"
- Reuters via Yahoo News: "Sun to bundle software, offer as free downloads"


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Survey of Energy Resources 2007
Uranium Country Notes
Since the start of exploration for commercial resources of uranium in 1944, a total of 21 deposits have been discovered, mostly located in south-central Ukraine, between the rivers Bug and Dnepr. The most important ore bodies are Vatutinskoye, Severinskoye and Michurinskoye, all in central Ukraine. Uranium has been produced since 1947, initially by the Prednieprovskiy Chemical Plant and since 1959 also by the Zheltiye Vody production centre. The first plant ceased producing uranium in 1990; the 2005 output of the other facility was some 800 tonnes, 80% of its nominal production capacity. All currently processed ore comes from underground operations at the Ingul'skii mine on the Michurinskoye deposit and from the Vatutinskii mine on the Vatutinskoye deposit. In 2005 Ukraine was the ninth largest producer of uranium, accounting for 1.9% of the world total.
Ukraine's uranium resources have been substantially revised for the 2005 edition of the Red Book, largely as a result of a re-assessment of the production costs applicable to the Severinskoye deposit. RAR (at up to US$ 80/kgU) are now put at 76 150 tonnes in situ, of which 58 498 is deemed to be recoverable. Further Identified Resources are represented by 10 760 tonnes of in-situ RAR (8 208 recoverable) at US$ 80-130/kgU and 30 070 tonnes of in-situ IR (23 130 recoverable) at up to US$ 130/kgU.
Undiscovered resources (in situ) comprise 15 300 tonnes of PR and 120 000 tonnes of SR (both recoverable at up to US$ 130/kgU), plus 135 000 tonnes of SR (with cost range unassigned).
In separate developments reported in late 2006, an Australian company and a Russian state concern were seeking joint ventures with Ukraine to develop uranium deposits.


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Article posted May 8, 2012 at 11:45 AM GMT0 • comment • Reads 1147
I did not like wearing it.Some kids like wear clothes they get to pick out and have all the sequins.I moved to a public school that started with kindergarten and it did not require us to wear uniforms.School uniforms are very itchy.They also expensive to by the whole set you will also have to buy knee high socks and black shiny shoes and then you have to buy a gym uniform to wear on days you have gym.
For boys you will have to buy dress pants shiny black boy shoes.
With regular clothes children can express their feelings and creativity
Fun places to go in new york
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We had the best time ever!!!!
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My hopes and dreams
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My Hopes and Dreams
Article posted September 14, 2011 at 08:05 PM GMT0 • comment (6) • Reads 355
By Pavneet
I am starting a new school year and I have so many hopes and dreams. One of my dreams is to be better at math. To do that I will have practice math in math note books and to ask my mom to make math problems and have me solve them.
Another one of my dreams is to be a better listener. To do that I will have to not talk to anyone while someone is talking. I will have to look at the person is talking and to try to avoid distractions.
My last goal is to become a better reader. To do that I will have to read thirty minutes each night, read a just right book and read to my little sister every day. This year I plan to achieve my hopes and dreams by working really hard.


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The Western Shirt
Born out of love for vintage denim and its Americana roots , Current/Elliott respects the history of denim and its timelessness. A true visionary, CEO and Creative Director Serge Azria harmonizes new ideas with time-honored techniques. With its unique silhouettes, classic fits, and everlasting aesthetics, Current/Elliott delivers its customers more of what they have always loved; a distinct and timeless collection that promises to love and be loved for years to come.
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You're watching...
Pen Jillette's Take on Faith
Author and magician Penn Jillette on his new book, "Everyday is an Atheist Holiday".
Nov 13, 2012
You're watching...
Author and magician Penn Jillette on his new book, "Everyday is an Atheist Holiday".
Nov 13, 2012
Also in this playlist...
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So I I'm not gonna hear booked this morning I -- road of course while original open -- consider what's going on here and I opened up because I did not know looks like our telephone there's oppressors.
-- -- -- -- Anderson telephone conversation with Gilbert confident -- -- -- terrorism laws work.
Ford -- Gilbert so Gilbert's -- good friend of mine.
And we've been that we've been good but he's actually since -- had his appendicitis that then burst and a -- tonight is because she was too cheap to coal -- 11.
If you want to what about how achieved Gilbert is he thought it was too expensive to -- might want one sweep past columnist floor.
Committee was in the hospital for quite -- -- go visit him a lot we became month.
Very good friends and I just Lebanese.
I think he's the funniest allies and his they'll boards about Clark -- not -- longer will not hold my fire disaster after the after the hour.
A Japanese thing here after all the you have the tsunami obamas arrive annually was really everybody talks about how insensitive is jokes work.
And they don't understand the Twitter is time stamped and he made those jokes before it was that bad.
And that of course AFLAC has a lot of their business over and -- -- And they just -- and got someone to do -- a person nation of him a lot cheaper so there's a little bit of cynicism on the other soft I think.
Client members still historical and I don't know room supplied to decline and you probably don't.
It's like Jindal an armistice analyst Markus.
And Donald every day isn't -- serious holiday.
I said.
I was some arbitrary and in an atheist and an agnostic -- have named him.
What do we actually the interest two different questions you know agnostic just means you can it be known an atheist talks about.
What do you believe that I believe like -- fundamentalist -- the belief is an active thing.
So if you don't vote you don't actively believe I think -- -- give -- a beleaguered refuse -- yeah Mario.
I am I think because -- read the Bible.
When I went to church.
What I was youngster when I was sixty and -- to our youth group.
And the pastor.
You don't invited us to read the Bible and I didn't read -- little sections separated all the way through and just was very bothered by the anti family elements you know bad you know god telling Abraham to kill his son Jesus saying which -- and we aside and follow me.
It just -- the way it was raised you know our -- was very important to me sold mostly in the new testament.
Global -- you know -- Jew Jesus doesn't deny the new -- -- -- old -- anywhere aren't and so dated ones a subset of the other.
But I don't I don't like I don't like any group that says your family and your families less important than us that's that's a that's a sign of bad -- America.
-- -- dollars -- about -- Diana.
Roberts audit and are vast list of thought it was a little brother of Jesus dogs on the some.
And assault that I -- and Obama's -- -- reduce gospels.
And and it king James version.
They did today in the introduction sort of huh -- -- I don't.
-- cautioning.
That before you read these accounts of the life of Jesus.
Who were by the way were all written.
Return seventy and ninety years after he died.
This year have to accept them and -- Exactly and you know what I what I want to address me as you've got seven even -- two years in some cases 300 years written after and yet we have -- -- electronic media.
And recordings of Elvis Presley and even ten years after Elvis was dead you were saying stuff like those who do -- drugs.
And a -- drugs that if things can change that much in our modern.
Life in terms of rumors when you have most people.
No electronic media and most people and are writing.
It seems like you could give some inaccuracies -- commitment that -- think that helps to do no drugs.
-- -- -- -- I have to do now I'm an American they do not have as the chairman of their of Jordan aren't it's two dollars and they also say I love this you know Elvis picked out all this -- -- himself in twenty minutes at a yes see didn't finish that is the least extraordinary claim but -- aren't even a skeptic like -- goes.
Twenty minutes that he didn't -- parallel.
Elected carpet on the ceiling of the one assailant if you haven't general I don't -- yeah and announced -- more of the that's an outcome you know these suits is they have all of -- cases you know.
Don't go from one anyway daughter -- it comes to when he words 321 -- -- I don't put out well joining now by the -- happy to meet Elvis don't -- -- on government so.
Auto and Iraq -- old guy -- know.
One or two of them.
A Little Richard Cole yeah and Donald actually recorded on forming an album I -- and and generally Los.
Usually get -- if you -- two of the best we're every discussion should probably.
Join in on this.
Of whom the opposite -- things have to be considered aren't longevity of career.
And level of fame.
Who was the craziest person to be in the public -- Now Little Richard is contender I'll tell -- Jerry Lewis a contender who do you think -- you think went.
A departed from Iraq -- able but just in the public anybody -- I think you know Little Richard hits the scene in the fifties crazy.
You turn on TV right now Little Richard is crazy wonderful crazy inspiring all the way through but I think that's the ease the winner so far -- -- -- -- to -- that.
Thank generally -- -- sodomy and a thirteen year old cousin happier if if if Washington and also you know short -- Graceland firing guns now it's pretty good to a Little Richard was just music and unfunny and what do you think about not really -- up.
How well do you know Jerry Lee Lewis.
Or number Obama walls on our noon -- volume tuition -- a little bit better but -- -- are never going to see Jerry Lee Lewis with teller that he walked out of states Jerry Lee Lewis a -- turn to musical.
I would not argue with him over -- expects.
Well we had him on 1000 M -- -- say.
And I was talking dreamt about -- famous electronic photographed.
All of it almost susceptible to -- and senate by an average -- Johnny Cash and yet.
Comes -- -- the million dollar court.
And so I said the jury -- I said.
It's -- did you wonder.
And that photograph why they have done Elvis -- the Japan is Alaska all the sudden -- had anybody complain that didn't.
-- -- But he's.
He was sold fragile woman interviewed -- and then when he walked over have a full ban him.
When he walked over to the same old girl -- to to -- and some.
Yeah -- gavel that was one of the far in this rock general shows ever saw -- that was.
I was in the TVs and -- -- was already a little bit on the old side room and we still kicked it up.
General after the election went turnout of selection well you know I didn't really have a dog in that fight on the libertarian -- -- and I you know what I care about his I would like to be killing fewer people.
I would like more freedom for Americans and neither of them work.
Pushing that agenda at all and how long you liberal lost a hundred living there since 92.
Employed full time at the real for eleven years we'd love it I just love wouldn't use.
Also you're -- your shoulder all of bill all the time -- -- me conveniently named Penn and teller theater -- so humiliating.
If it was the David Copperfield uniform actually ended don't know we I don't know we're in the got a dollar here are you'll marry and are you sorry following agreement marriage.
Don't -- have to figure this -- eight years and eight years and -- and -- announced very happy to have two children there were six and seven.
-- trio a little fault but I'm very happy won't cause untold delta air tank you -- -- -- -- huge fan royal most people are alive and I love I -- particular also told you -- -- the -- -- New York rats so I don't know mistake in my house have been in New York for a while doing the the trump show and whereby when I called Paul talked about children -- -- -- daughter whose -- says wanna talk directs.
So there's a wonderful writer bar is great he's -- in the Tyson book -- hope.
That was secret information please working on the Tyson Bachmann went mr.
Tyson dental operation gets the best ways in Vegas and staring at my house because you go wrestle fix hotels cost money fly under the exemption -- once -- -- don't know -- -- beat -- Personalities there is safer or else I suppose so for -- so while you.
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You're watching...
Treasury Dept. warns US will hit debt limit on December 31
Emergency steps launched to buy time
Dec 27, 2012
Doug Schoen, Terry Holt
You're watching...
Emergency steps launched to buy time
Dec 27, 2012
Doug Schoen, Terry Holt
Also in this playlist...
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Certainly rise in Washington as the Treasury Department warns.
That not reaching a fiscal cliff deal could mean disaster the US government may hit it's a legal borrowing limit.
By Monday setting in motion emergency measures to try to keep the government.
You know to pay their bills.
For several more weeks Doug Shawn joins us former advisor to.
President Bill Clinton Fox News injured Terry Holt joins us.
Former -- bush Cheney national spokesman and former senior advisor to the RNC could see about dobbs.
We don't know what's amazing I think to a lot of people -- is that they're not even talking to each other.
The last meaningful conversation.
Between the president and Boehner for example was ten days ago.
-- look when you were in the Clinton White House.
That's not the way things work right.
Absolutely not great.
President Clinton -- Newt Gingrich that then speaker despite their very real differences.
We're talking all the time I I think at one point they spent total of almost 35 hours.
In total together.
Bottom line there was always a sense of national purpose that I think is missing here -- -- bottom line on both sides I think there's a lot to be accounted for.
You know Terry.
Let me put up on the board.
What this means to the average American right three -- box if you're the lowest taxpayer there ER.
But you're talking about if you make forty to 50000.
Go to the next page what could the us I mean you're talking about folks who make.
You could be in New York a firefighter and a teacher in -- making within that range of 200 to 500000.
You're talking about thirteen 10141000.
In increased taxes and then there's the last page 500034000.
Dollars you think people really.
Appreciate what's about to happen to them.
I think they appreciate that the American.
Political system is talking all about raising taxes.
And not nearly enough about cutting spending you know when.
When the average American family gets into a little bit of financial trouble they think of ways to cut back their spending they don't automatically think.
They're gonna go to their boss and get a race but that's exactly what's happening in Washington today.
We're talking about how much more money we're gonna ask the taxpayer.
Tissue and for this government this bloated overspending government -- not ready to hit its debt ceiling.
The president might have won this election but he didn't win the authority to write a blank check to continue to spend and spend and spend.
To hit the debt ceiling and then go blowing through it if there may not be much conversation in Washington between.
Speaker Boehner and President Obama.
But the Democrats control two thirds of this government.
They might.
Think about having a conversation among themselves the senate and the president to bring something that that might have a chance of resolving these problems and maybe -- -- they better think more about cutting spending.
Before coming -- from warm.
You know what Doug Karl Rove wrote an op Ed in the Wall Street Journal.
In which he basically says -- -- the president thinks it's all about him.
The more mr.
Obama makes everything about him the more stubborn he's likely to be when flexibility would be better.
Success requires adjustments including a greater willingness to compromise.
And to seek common ground.
With his opposition.
-- -- -- I think it is a fair point I think it's a fair point on both sides look we had a framework.
That did what Terry described it was called Bowles Simpson the president didn't supported Paul Ryan didn't supported it didn't have the kind of bipartisan consensus we -- it would have gotten us four dollars in spending cuts for one dollar and revenue increase.
Bottom line we lacked common purpose as a nation both parties -- believer to Bob be blamed.
And Greg as we go to the end of the year in their Christmas season I would hope that we would have a common purpose put partisanship.
Aside and say how do we put the nation first sadly no one's doing that.
You know it's interesting what Doug just said Terry and I want you to react to that he says you know both sides -- good point.
Why is it the polls show only Republicans really get one.
Well look president has the bully pulpit he has the ability to go out and have campaign speeches.
And their control the national debate in a way that the house Republicans simply don't have the president.
Has the ability to -- shape.
The opinions that are that are being made about in and how the no news is being covered so we -- a huge advantage and he -- demonstrated time again.
-- to demonstrate campaign tactics.
Over that nuts and bolts of policy in the debate here in Washington about how how to really fix our problems if biggest run half as much time talking.
Two people in the senator of the house about how to fix these problems as he has jetting around the country holding campaign style events we might be in a better place today but we're not.
You know what.
-- Doug before though talks collapsed Boehner showed a willingness.
To raise the debt ceiling for an entire year if the president would agree to making significant cuts.
In entitlement programs what's wrong with that deal.
There's nothing wrong -- that I think.
Part of the problem was that as we saw with plan B.
It isn't -- speaker Boehner controls is caucus I think what he is hoping sadly that if we go over the fiscal -- he's reelected January 3.
And then he'll have a little bit more leverage to get a deal like that Don but I agree.
With -- the Democrats have to do more to restrain spending but particularly won't run rein in.
Entitlements hopefully saner minds on both sides will prevail before January 1 and if not right -- They're generally wait and so -- -- no real good good going over the fiscal cliff has been president Obama's.
Mission from the very beginning the fact that that he just I don't believe that's.
Is is completely different they're really added that he wants to do that I have.
Absolutely you can not only what's his Larry if we get it -- he only gets his way if he backs it's all up against.
The wallets as you have no choice it's my way or the highway.
That's been his negotiating position very -- that somebody would talk like that think like that all right.
Talk -- I would hear Hillary -- thank you happy new year.
-- and you're not really.
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